How Corrupt is Goldman Sachs? http://www.wealthdaily.com
FEB 20 - BRITON RYLE The latest example of Goldman's
profit-mongering deceit is so blatant, so downright perverse, it's almost
comical. Almost. Analyst Briton Ryle explains... { Prosecution, disgorgement,
and jail is where they belong! } Read More... { Their ‘Don’t look a gift-horse in the mouth’ (self-serving)
advice really takes the cake! … Goldman 'Explains' The 'Market': "Best Not To Look A
Gift-Horse In The Mouth"
, Kyle Bass Tells 'Nominal' Stock Market Cheerleaders:
Remember Zimbabwe Submitted by Tyler Durden } “ Amid the euphoria of today's
crossing of the Dow's Maginot Line at 14,000, Kyle Bass provided a few minutes
of sanity this morning in an interview with CNBC's Gary Kaminsky. Bass starts
by reflecting on the ongoing (and escalating) money-printing (or balance sheet expansion as we noted here
"Zimbabwe's
stock market was the best performer this decade - but your entire portfolio now
buys you 3 eggs" as purchasing power is crushed. Investors, he
says, are "too focused on nominal prices" as the rate of growth of
the monetary base is destroying true wealth. Bass is convinced that cost-push
inflation is coming (as the velocity of money will move once psychology shifts)
and investors must not take
their eye off the insidious nature of underlying inflation - no matter
what we are told by the government (as they will always lie when its
critical)…” , Post-Hyperinflationary Zimbabwe Welcomes The Holidays With
80% Unemployment, Empty ATMs And Paralyzed Transport { Just another typical nigger! Speaking of
niggers, if wobama is given the opportunity as he has thus far, he’ll tread the
same path as fellow nigger mugabe. } … Zimbabweans are facing bleak holidays
this year amid rising poverty, food and cash shortages and political
uncertainty, with some describing it as the worst since the formation of the
coalition government in the southern African nation.... Banks have closed, ATMs
have run out of cash and transport services have been paralyzed." It gets
worse: "Zimbabwe's unemployment is pegged at around 80 percent with many
people in Harare, the capital, eking out a living by selling vegetables and
fruits on street corners." And all of this is after the massive economic
imbalances in Zimbabwe's economy should have been "fixed" (or so
conventional economic theory would have one believe) courtesy of
hyperinflation, which left any savers in tatters, destroyed the value of the
old currency, benefited solely debtors but also allowed a fresh start to
a government, which could only remain in power due to a violent power grab by
the democratically elected-turned-dictator Robert Mugabe. }
Submitted by Tyler Durden
We noted yesterday the strange intraday pattern emerging in
Silver price movements - the alarmingly predictable morning takedown of
the precious metals when the NYMEX opens. It's a reality that we need to be
eyes wide open about, as it underscores the challenges of being long in an
asset that powerful players don't want to appreciate. And while it's important
to understand the risks in play here (e.g. these raids may continue for longer
than we think possible), we emphasize the importance for precious metal owners to hold fast
with the courage of their convictions - ultimately fundamentals will prevail and gold and silver
prices will rise to their true levels. So, if you decide to bet on the continued success
of the status quo, your choices are easy: Get in the paper markets and go long. The Fed will be adding
$85 billion of liquidity rocket fuel each month for the rest of the year to
push the prices of your paper investments even higher.
But if you choose the fundamentals, here are a few important guidelines to
keep in mind.
Submitted
by Tyler Durden Day after day, whenever anyone challenges the TBTF banks'
scale, they are slammed down with a mutually assured destruction message that
limitations would impair profitability and weaken the country's position in
global finance. So what if you were to discover, based on Bloomberg's calculations , that the largest banks
aren't really profitable at all? What if
the billions of dollars they allegedly earn for their shareholders were
almost entirely a gift from U.S. taxpayers ? The stunning truth is that the top-five banks
account for $64 billion of an implicit subsidy based on the ludicrous (but
entirely real) logic that: The banks that are potentially the most dangerous can
borrow at lower rates, because creditors perceive them as too big to fail. Once shareholders fully
recognized how poorly the biggest banks perform without government support,
they would be motivated to demand better. The market discipline might not
please executives, but it would certainly be an improvement over paying banks
to put us in danger.
Submitted by Tyler Durden
One can spend all day
watching financial media channels stuffed full of self-promoting index-hugging
asset-managers and be left with the belief that all is well and that the market
does indeed represent our reality... Or, as UBS' Art Cashin notes today
(confirming what we first published a month ago - here , here , and here ), there is more (well less) to today's global
economy and markets than meets the eye or rests in the headlines. His excellent
diatribe today reiterates our previous comments of investing icons such as Baupost's Seth Klarman and Oaktree's Howard Marks that
"(The) underpinnings of our economy and financial system are so
precarious that the un-abating risks of collapse dwarf all other factors."
Submitted
by Tyler Durden Quarter after quarter we would recap the hedge fund world's
infatuation with one stock and one stock alone: Apple. This inverse-mormon love
affair hit its peak in the quarter ended September 30, when a record number of
hedge funds were invested in AAPL stock. This was also the quarter when AAPL
hit its all time high price and has since proceeded to slump by nearly 40% in
four short months. Which was to be expected: hedge fund hotels always become
flaming death traps when the sucker rally finally ends and what so many mistook
and goalseeked for fundamentals, ended up being merely euphoria and momentum
chasing as one after another marginal buyer put their money into a stock that
seemingly could do no wrong or so we were told day after day. As of December
31, AAPL is no longer the darling of hedge fund groupthink. In its place we
have a new hedge fund hotel. Presenting :
AIG, which with 80 hedge funds reporting it as a Top 10 holding (compared
to GOOG with 73, and AAPL with 67), is now the stock that has suckered in the
most hedge fund capital, and where any future growth will depend solely on
pulling incremental dumb money in.
Submitted
by Tyler Durden Following the FOMC's schizophrenic minutes, we thought it
topical to look at how history has treated divergences between a lagging jobs
market and a leading indicator (new orders) of the real economy. It appears
that since the debt super-cycle began, the real economy has downshifted before the jobs market with CEOs finally
giving in to slowing growth and laying people off soon after... of course, this time could be
different - as we are sure to be told...
Submitted by Tyler Durden
Who fares better in
retirement, pensioners or folks who saved up their own respective nest eggs? If
you look at the numbers, you might be surprised to learn who's really
"living large" after retirement.
Submitted by Tyler Durden
Think Americans are
the only people in the world toiling under a gargantuan debtload, which at last
check was a massive $55.3 trillion , or about $175K per
person? Think again. Meet Sherry Sheng, a 29-year-old Shanghai policewoman, who
bought herself a 4,000 yuan ($642) black fur jacket, splurging for the last
time before she starts paying off the mortgage on her first home. Sherry is what is known as a
Chinese " housing slave ."
Submitted by Tyler Durden
A strange sea of red
inhabits the screens of many traders and investors across the USA this evening,
and all it took was for the FOMC to hint that the punchbowl will have to be
taken away at some point in the future. Biggest jump in VIX in 2013 ; biggest plunge in Homebuilders in 8 months (as TOL
misses and Starts were ugly); biggest dump in stocks in 2013; Gold plunges to
$1565 and suffers Death Cross; USD soars and crosses above its 200DMA ; and oil has frantic
flash crash early on. Not a pretty day as stocks drop below the lower edge of
their up-trend channel for the year and test critical support amid the highest
volume of the year . The four words on everyone's lips this evening: Where is Kevin Henry?
Submitted by Tyler Durden
It has been a few
years since Kyle Bass suggested the 'nickel trade' and the idea remains as
profitable for those with large wheel-barrows now as it ever was. As Bloomberg notes ,
the penny currently costs almost 2 cents to make and the nickel more than
10 cents - more than double the cost from 2006 . In those seven years, the US taxpayer has lost a
stunning $436 million thanks to the inflationary devaluation of the USD
relative to the metals involved, and while a former Arizona congressman (Jim Kolbe)
tried to sponsor a bill to abolish the penny (to save the cost of minting),
President Obama noted that "given all the big issues, we're not able to
get to it," even as the Canadian Mint just stopped distributing pennies - saving $11mm
annually. It seems, while the production process may have costs, the 100%
markup for pennies and nickels remains an intriguing disconnect.
Submitted
by Tyler Durden
UPDATE: Minutes after the post - Stocks
getting ugly now, catching down to VIX and USD's move
Bonds were sold
instantly as the more hawkish comments from the FOMC hit - as was Gold. The USD
rallied and stocks dipped modestly. Once that initial knee-jerk settled, stocks
have gone largely sideways to modestly lower, Treasury yields have pushed back
towards the day's highs as the USD strength and Gold weakness are tracking each other perfectly for now.
Unfortunately, this is not helping the price of Oil - which is higher
post-FOMC. Notably, while this is clearly being viewed as hawkish for bonds,
commodities, and the USD, stocks appear unphased - but it seems VIX is soaking
up the equity uncertainty for now (VIX +1.1 vols at 13.40%) indicating considerably more
concern than the market itself (for now). The 'bond-like' Utilities sector is
the most pressured (as rates rise) for now.
Submitted by Tyler Durden
It would appear that
even though the relative dovishness of the FOMC has increased, a realization
that the party has to stop sometime is dawning on the PhDs - though for now,
the printing will continue until morale improves...
SEVERAL
FOMC PARTICIPANTS SAID EASING MAY PROMPT EXCESSIVE RISK
MANY
FOMC PARTICIPANTS VOICED CONCERN ABOUT RISKS OF MORE QE
SEVERAL
ON FOMC SAID FED SHOULD BE PREPARED TO VARY PACE OF QE
FOMC PARTICIPANTS SAID ECONOMY
WAS ON 'MODERATE GROWTH PATH'
SEVERAL FOMC PARTICIPANTS SAW IMPROVED
U.S. CREDIT CONDITIONS
A NUMBER OF FED OFFICIALS SAID
TAPERING QE MAY BECOME NECESSARY
Pre-FOMC: ES 1521.00,
10Y 2.01%, EUR 1.3337, Gold $1580, WTI $94.18
Submitted by Tyler Durden
As we have discussed
in detail ( here , here , and most recently here ), many college students face
repaying a mountain of debt upon graduating, and many college graduates end up
working jobs that don't require a degree. Even worse, 40 percent of college
students drop out without earning a degree, but that does not free them from
the debt they have accumulated. In this brief clip, Professor Daniel Lin argues
- rightly - that
government
subsidies are to blame for the continually rising costs of higher education . Although such subsidies are
supposed to help defray college costs, they are making the situation worse. A policy that worsens the
problem it is supposed to fix should be eliminated - even if it is the government's
only credit inflating tool left.
Submitted by Tyler Durden Office Depot Agrees to Buy
Officemax for $13.50/Shr in Stock
Bulgarian Government Resigns
Amid Protests ( WSJ )
Rome will burn, regardless of
Italian election result ( Reuters )
Abe Says No Need for Foreign
Bond Buys Under New BOJ Chief ( BBG )
Rhetoric Turns Harsh as Budget
Cuts Loom ( WSJ )
Muddy Waters Secret China Weapon
Is on SEC Website ( BBG )
Business Loans Flood the Market
( WSJ )
Staples May Be Winner in Office
Depot-OfficeMax Merger ( BBG )
Fortescue Won't Pay Dividend,
Profit Falls ( WSJ )
Key Euribor rate on hold after
rate cut talk tempered ( Reuters )
FBI Probes Trading in Heinz
Options ( WSJ )
Spain Said to Impose Yield
Ceiling on Bond Sales by Regions ( BBG )
BOK’s Kim Signals No Rate Cut
Needed Now as Outlook Improves ( BBG )
Submitted by Tyler Durden
In the aftermath of
yesterday's surge in German hopium measured by the ZEW Economic Survey which
took out all expectations to the upside, it was inevitable that the other
double-dipping country, France, telegraphed some optimism despite a contracting
economy and would follow suit with a big confidence beat, and sure enough
the French INSEE reported that February business sentiment rose from 87 to 90,
on expectations of an unchanged number. And the subsequent prompt smash of
investor expectations in Switzerland, where the ZEW soared from -6.9 to +10.0
tells us that something is very wrong in the Alpine country if it too is trying
so hard to distract from the here and now. And while one can manipulate future
optimism metrics to infinity, it is reality that is proving far more
troublesome for Europe, as could be seen by the Italian Industrial Orders print which crashed -15.3% Y/Y on expectations of a
smooth -9.5% drop, down from -6.7% previously. Since industrial orders are a
proxy for future demand, a critical issue as Italy enters 2013 after six
consecutive quarters of economic contraction and with no relief on the horizon,
it is only fitting that Italy should shock the world with an off the chart
confidence beat next.
Submitted by RANSquawk Video
http://albertpeia.com/mainstreammediamatrix.htm
http://albertpeia.com/thingsgettingworseinamerica.htm
http://albertpeia.com/socialcontroldebtslaves.htm
http://albertpeia.com/40wayschinabeatingamerica.htm
http://albertpeia.com/insolventbankingsystems.htm
http://albertpeia.com/europeaintfixed.htm
http://albertpeia.com/eucrisisbackandworse.htm
http://albertpeia.com/deathofpetrodollar.htm
http://albertpeia.com/wobamagravytrain.htm
Submitted by Tyler Durden
"It’s
not going away, it’s going to get worse," is how PIMCO's Mohamed El-Erian warns Yahoo's
Lauren Lyster about central bank policy and the currency wars that are so much
in discussion currently. Central banks have been compelled to undertake
unconventional measures, things they haven’t done before, because other
policymakers are not stepping up to take responsibility on the fiscal side.
These implicit devaluations and beggar-thy-neighbor policies force a lot of
liquidity into the system and by pushing up asset prices, central banks
believe, create a 'weath effect'. It can also trigger “animal spirits” – we get
all excited and invest more. In terms of equity markets, El-Erian says investors are
split into two camps. One camp believes that everything will go higher and
central banks will succeed in their efforts. The other camp believes asset
prices are going to come down to meet the fundamentals. El-Erian puts himself
in the second camp. “We think that prices are artificially high, that maintaining them here
is going to be hard as central banks become less effective, and that it’s time
to book some profits and to wait for some better entry points,” he explains. He clarifies that
this is not a “Lehman moment." But “prices that have gotten way ahead of what policy
can deliver,"
Submitted by Tyler Durden Good news, bad
news, no news, dips, no dips, who cares. As Goldman sales/trading desk says,
never look a gift-Bernanke in the mouth (especially if he ends up in a frozen
lasagna at a store near you). From GS: A solid rally
today and new cycle highs for US equities – but that’s where the story stops.
No obvious catalyst. No bullish data . European
stocks traded well, with most people pointing to a better German ZEW print, but
it’s not clear why that would translate into such a strong US trading session. Maybe
it’s best though not to look a gift-horse in the mouth . One can't help but laugh at this
"market." { Riiiiight! Sounds
like a plan! The ‘gift-horse’ that’s … not a gift-horse at all … You’re paying
through your nose and teeth. It was amusing to see mainstream media puzzling
over the record high gas prices so early in this time of year, and as well, the
coming jump in beef prices. There’s no mystery here! This is the natural and
inevitable concomitant to ‘printing presses gone wild’. Not printing presses
for product for intellectual consumption; but rather, printing presses (whether
by print or computer leger entry) for those ever more worthless paper fiat
dollars backed by nothing but insurmountable debt of a defacto bankrupt nation.
Remember: There’s no free lunch … fraudulent wall street’s predictable/intended
gain (from QE, currency debasement, etc.) is your substantial pain! It’s the
zimbabwee financial model gone american …
Kyle Bass Tells 'Nominal' Stock Market Cheerleaders:
Remember Zimbabwe Submitted by Tyler Durden } “ Amid the euphoria of today's
crossing of the Dow's Maginot Line at 14,000, Kyle Bass provided a few minutes
of sanity this morning in an interview with CNBC's Gary Kaminsky. Bass starts
by reflecting on the ongoing (and escalating) money-printing ( or balance sheet expansion as we noted here ) as the driver
of stock movements currently and would not be surprised to see them move higher
still (given the ongoing printing expected). However, he caveats that nominally
bullish statement with a critical point, "Zimbabwe's
stock market was the best performer this decade - but your entire portfolio now
buys you 3 eggs" as purchasing power is crushed. Investors, he says, are
"too focused on nominal prices" as the rate of growth of the monetary
base is destroying true wealth. Bass is convinced that cost-push inflation is
coming (as the velocity of money will move once psychology shifts) and investors must not take their eye off the insidious
nature of underlying inflation - no matter what we are told by the government (as they
will always lie when its critical)…” Post-Hyperinflationary Zimbabwe Welcomes The Holidays With
80% Unemployment, Empty ATMs And Paralyzed Transport { Just another typical nigger! Speaking of
niggers, if wobama is given the opportunity as he has thus far, he’ll tread the
same path as fellow nigger mugabe. } … Zimbabweans are facing bleak holidays
this year amid rising poverty, food and cash shortages and political uncertainty,
with some describing it as the worst since the formation of the coalition
government in the southern African nation.... Banks have closed, ATMs have run out of
cash and transport services have been paralyzed." It gets worse:
"Zimbabwe's unemployment is pegged at around 80 percent with many people
in Harare, the capital, eking out a living by selling vegetables and fruits on
street corners." And all of this is after the massive economic imbalances
in Zimbabwe's economy should have been "fixed" (or so conventional
economic theory would have one believe) courtesy of hyperinflation, which left
any savers in tatters, destroyed the value of the old currency, benefited
solely debtors but also allowed a fresh start to a government, which
could only remain in power due to a violent power grab by the democratically
elected-turned-dictator Robert Mugabe.
Global ‘credit supernova’ turns 2013
bull to bear Marketwatch
Paul B. Farrell Archives | Email alerts Feb. 9, 2013,
6:02 a.m. EST Global ‘credit supernova’ turns 2013 bull into bear Commentary: Bill Gross warns about Fed’s
cheap-money schemes Paul B.
Farrell , MarketWatch SAN LUIS OBISPO, Calif. (MarketWatch) — ‘Bill Gross predicting a “Credit
Supernova.” Yes, that’s what the “Bond King” sees dead ahead. He knows, his
firm has $2 trillion at risk of collapsing into the “Black Hole” coming after
the Credit Supernova, when the Federal Reserve cheap money finally explodes in
America’s face, brings down the economy, again. Gross’s Credit Supernova
metaphor is the explosive headline on his latest Pimco newsletter. So what’s a
supernova? Jump over to the Space.com’s parallel universe where you’ll discover
a supernova happens when a “blindingly bright star bursts into view in a corner
of the night sky ... burns like a ... brilliant point of light.”A supernova is
“the explosion of a star that has reached the end of its life ... Supernovas
can briefly outshine entire galaxies and radiate more energy than our sun will
in its entire lifetime.” Yes, a supernova is the “explosion of a star that has
reached the end of its life.”“End of its life?” Is America’s star economy
burning out? Sure sounds like it: Gross is doing more than just hinting with
his Credit Supernova metaphor. He’s predicting the collapse of the American
economy and global financial markets, far worse than the 2008 Wall Street bank
credit collapse, worse than the 2000 dot-com crash. As the folks over at Business Insider put it: “Investment banks
have morphed markets with ‘Ponzi Finance.’ And time is almost up.” Fed’s Ponzi scheme: Credit expansion killing economic growth Business
Insider’s Matthew Boesler summarized Gross’s rather cryptic metaphor this way:
Gross’s newsletter “tackles the relationship between credit expansion and real
growth” where under Bernanke the Fed’s cheap-money bubble makes our monetary
problems get bigger as the Fed keeps kicking them down the road. So the Fed’s
“Ponzi Finance” must run its printing presses full blast to pump more and more
credit into the economy “just to cover increasingly burdensome interest payments,
with accelerating inflation the end result.” The problem is huge: Bernanke’s
Ponzi Finance is self-sabotaging. Endless cheap money upsets the balance
between credit expansion and real economic growth, resulting in diminishing
returns: “Each additional dollar of credit seems to create less and less heat.
In the 1980s, it took four dollars of new credit to generate $1 of real GDP.
Over the last decade, it has taken $10, and since 2006, $20 to produce the same
result.” Bad news. Yes, Wall Street and central banks worldwide are the engine
driving Bernanke’s Ponzi scheme straight into a Credit Supernova bubble. Why?
Because in the past generation more and more of the Fed’s new credit was
channeled into market speculation, distorting the balance between markets and
the real economy. “Investment banking, which only a decade ago promoted
small-business development and transition to public markets, now is dominated
by leveraged speculation and the Ponzi Finance.” After Credit Supernova will banks see
the light ... or stay blinded? Alan Blinder is familiar to Wall Street Journal readers and investors. The
former vice chair of the Federal Reserve just published “After the Music
Stopped: The Financial Crisis, the Response, and the Work Ahead.” His recent
New York Times op-ed piece is a perfect playbook of what’s coming after Wall
Street’s Credit Supernova explodes. Blinder opens by quoting Hegel: “What
experience and history teaches us is that people and governments have never
learned anything from history.” But then Blinder adds, “actually, I think
people do learn. The problem is that they forget, sometimes amazingly quickly.
That seems to be happening today, even though recovery from the economic
debacle of 2008-9 is far from complete. Evidence of this forgetting is
everywhere.” His list of Wall Street’s mental blocks is all too familiar. They
are blind, in denial. So Blinder “encapsulates what we must remember about the
financial crisis into 10 financial commandments, all of which were brazenly
violated in the years leading up to the crisis.” Imagine his frustration, like
Moses coming down from the mountain, seeing the people partying, honoring false
idols, the golden calf of profits. Wall Street did the same, forgot in 2000,
forgot again in 2008, went back to the same old tricks.
http://albertpeia.com/retailapocalypse.htm
http://albertpeia.com/systemicfinancialcollapse2pillarsdown.htm
http://albertpeia.com/notaxationwithoutrepresentation.htm
http://albertpeia.com/uspromiscuity.htm
{ I’m
constrained to say that grammar, junior high, and high school in the suburban
town in which I grew up were not at all like that; and, far more conservative,
civilized, and restrained (and no niggers whatsoever). I’ve included the
following previous reference/link as a matter of disclosure and so as not to
appear as a hypocrite in the context of this referenced subject: Drudgereport: STUDY: Girls As Young As 6 See Themselves As Sex
Objects... was kidnapped, sexually abused and strangled by a man who
lured her from her front yard by telling her he had lost his dog. Her naked
body was found the next day by a hiker in Cleveland
National Forest , 50 miles southeast of Stanton. [1] The autopsy revealed that she died from
compression. A sample of the kidnapper's DNA was found under her fingernail. The suspect, a Lake Elsinore,
California , man named Alejandro Avila, was convicted of first degree murder with
special circumstances in May 2005. His DNA was found on Samantha's body, and
her DNA was found in his car. He was arrested three days after the abduction.
Avila had previously been to the condominium complex where Samantha lived,
because his ex-girlfriend resided there and he had been previously acquitted of
molesting her daughter and niece. On May 16, 2005, the jury recommended he
receive the death penalty. On July 22, 2005, Avila was formally sentenced to
death. He is incarcerated at San Quentin State
Prison on death row ). As an aside, I’ve included the following for
the record as well: Though I’ve had many consensual sexual liasons with many
different female sexual partners (mid-hundreds) all of whom I liked, I’ve
never, ever resorted to prostitutes. The accidental exceptions included two
‘call girls’; one having met at summer beach town bar matinee and who was ‘not
working’ (as it turned out the reason being she was at the end of her menstrual
cycle). The other at a grocery store with her daughter which made such in my mind,
unlikely. As it turned out, both were ‘nymphomaniacs’ (which, truth be told,
made for quite an exceptional sexual romp) and I simplistically
inferred/surmised without dwelling on the subject that they probably expected
they’d have inordinate amounts of sex anyway and might as well get paid for it
– of course I didn’t nor was I asked to pay. The other incident I’m including
here for the record concerned an absolutely beautiful (blonde hair, blue eyes,
pretty, cute, perfectly built/proportioned – make no mistake, however, I like
brunettes also) girl I met at a bar called ‘the Red Ranch’, later changed to
‘Harpoon Willy’s’. At closing, we immediately became amorous, near intimate to
a point in my car with abrupt ‘resistance’ at the ‘crucial moments’. When I
finally, ‘exasperated’, asked ‘what’s up’, she stated she had recently broken
up with her boyfriend who had gone too far in the ‘sado-masochistic’ ritual
behavior they were, and she still was into. I told her I wasn’t into it (I don’t connect sex with sado-masochism);
never would, never did, never will. We talked for quite some time and she
explained her ‘predisposition’ the (her perceived) consequence of her strict,
puritanical upbringing and feelings of guilt concomitant with sexual activity
requiring coincident punishment/pain when so engaged. I was busy with law
school evenings, work full-time, and teaching at a local college part-time and
parted ways without taking her number and never did see her again. } ]
Submitted
by Tyler Durden This video has been going around for a
few days, but wow. Very powerful and could be effective in knocking some
sense into more sheeple if it gets spread widely enough. It’s an
absolute joke that these people being questioned by Senator Elizabeth Warren are
supposed hold the banks to task. She also makes the key point how ordinary citizens are constantly harassed by the “authorities” for what are in many cases petty and victimless
crimes, while the bankers who have unleashed more destruction than anyone else,
get slaps on the wrist. Every single American should watch this short
clip.
Drudgereport:
PHOTOS:
Four months after Hurricane Sandy, Jersey Shore still a wasteland... http://albertpeia.com/jerseywasteland.htm }
Drudgereport:
EX-LAPD WANTED IN COP SHOOTINGS... Left 20-page manifesto on FACEBOOK... Uncensored... { http://albertpeia.com/niggersmanifesto.htm } Supports gun control, Obama and Piers
Morgan... { Yeah … and
venal-la feinstein’s position on guns too … he seems the perfect fit for DHS
(homeland security); you know, disarm the sane leaving them defenseless while
stocking up on heavy weaponry they and other nut-cases can kill you with …
loves O …You can’t make this stuff up in pervasively corrupt, meaningfully
lawless, defacto bankrupt america http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/ fbimartinezcongallard.htm }Wrote online message to Tebow...
Kurt Nimmo | Compares America upholding Second
Amendment to Nazi Germany. { Come on!
Who takes anthony
dominick benedetto aka tony bennett seriously … his herpes virus has probably
migrated to his brain! Probably a Mussolini fan and in real time! } http://albertpeia.com/europeanhouseofcards.htm
Insiders now aggressively bearish Marketwatch http://albertpeia.com/marketcrashcomin.htm
Submitted by Tyler Durden
“Facts do not cease to exist because
they are ignored.”
– Aldous Huxley
The
entire system is corrupt to its core. Both political parties, regulatory agencies, Wall
Street, the Federal Reserve, and mainstream media are participants in this
enormous fraud. They grow more desperate and bold by the day. The lies,
misinformation and propaganda being spewed on a daily basis become more
outrageous and audacious. They are using the Big Lie method on a grand scale.
They frantically need to lure the muppets into the stock market and the housing
market to keep the game going a little longer. You can sense we are reaching a
tipping point. The system they have created is mathematically unsustainable.
Therefore, it will not be sustained.
8,583 Dead Americans http://www.wealthdaily.com Jeff Siegel America's Gun Violence Problem is NOT Gunshttp://albertpeia.com/usgunviolenceproblemisnotguns.htm
Drudgereport:
CHICAGOLAND: Police To No Longer
Respond Immediately To Burglaries, Car Thefts... Flash Mobs Turning Into Epidemic On
NYC Streets; NYPD Powerless... 3 People Stabbed On NYC Subway
Platform... Basketball Coach Shoots Attackers... (WXYZ) - Police sources tell 7 Action News that a women's
basketball coach from Martin Luther King, Jr. Senior High School shot two men
who attacked him as he was walking two basketball players to their cars in the
school parking lot.
CLICK HERE FOR THE LATEST
UPDATES
Police sources say the coach was walking the
two girls to their cars when two men allegedly approached and one pulled out a
gun and grabbed him by his chain necklace. The coach then pulled out his gun
and shot both of them, according to sources.The man who shot the attackers was
70 years old, according to police. One of the attackers was found dead in the
median on Lafayette Boulevard, and the other was taken to a local hospital,
according to police sources. We've learned that both of the men had attended
the high school, and one had been recently expelled. Read more: http://www.wxyz.com/dpp/news/man-shot-near-martin-luther-king-jr-high-school-in-detroit#ixzz2K4VUwpF9 CBO: Obamacare will cost 7 million
workers healthcare coverage... Gas prices hit all-time record high for early Feb... 8,830,026: Americans on Disability
Hits New Record... Sheriff Joe's credit-card info
stolen, used at Chicago grocery store...
http://albertpeia.com/stockmarketcrashineurope.htm
http://albertpeia.com/moneyprintingwarfare.htm
{AP1-23-13:
No! I didn’t watch the monkey bowl nigger show at half-time, and only parts of
this year’s monkey bowl. Wow! San franny, on their fanny, should give former
san fran mayor, venalla feinstein a call to send in the big guns before she
bans them. Whoops…need to break the momentum of rival of niggertown favorite,
san fran so power outage in niggertown new orleans…definitely hurricane
katrina’s fault…riiiiight …better give nigger ray nagin a call to get things
back up and runnin’…whoops, no can do – nigger ray’s just been indicted ( http://www.nola.com/crime/index.ssf/2013/01/a_breakdown_of_the_payments_to.html ) …Besides, this is a great way to level the playing field for
the hometown nigger purse-snatchers…you know, lights out and all. Actually, I
truly am rooting for the ravens, but not much…reason? To thwart this year’s
egregious wall street fraudulent, manipulated ‘january effect’ superstition;
viz., an AFL team nigger bowl win means according to mental case wall street
superstition, bear market/bad stock market (actually, ‘sell now before may and
go away’ is the apposite axiom regardless who wins). This is the last monkey
bowl I’ll be watching even part of. If you’re rooting for san Francisco, be
sure to where some flowers in your hair. This was the sh**iest monkey bowl I’ve
ever seen even a part of! }
AP Business Highlights
...Yahoo Market Update…
Metal News for
the Day
2-19-13 *****
I've not posted to my website, etc., (except for myahoo daily news since the
dates are already posted), since 2-08-13 because .....it's the lunar new year
and Chinese markets are not open ..... just kidding! ..... because I'm on
vacation .....just kidding again! .....actually, it's because I'm backing up my
entire website to one of my laptops. It's taking longer than anticipated as I
now enter the fourth day of download (has taken five days, total) ..... more
and an update file - http://albertpeia.com/aupdate21413.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/mainstreammediamatrix.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/thingsgettingworseinamerica.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/socialcontroldebtslaves.htm
http://endoftheamericandream.com
http://albertpeia.com/40wayschinabeatingamerica.htm
February 14, 2013 http://gainspainscapital.com
http://albertpeia.com/insolventbankingsystems.htm
February 13, 2013 http://gainspainscapital.com
http://albertpeia.com/europeaintfixed.htm
February 12, 2013 http://gainspainscapital.com
http://albertpeia.com/eucrisisbackandworse.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/deathofpetrodollar.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/wobamagravytrain.htm
Submitted by Tyler
Durden on 02/15/2013 - "It’s not going away, it’s going to
get worse," is how PIMCO's Mohamed El-Erian warns Yahoo's Lauren
Lyster about central bank policy and the currency wars that are so much in
discussion currently. Central banks have been compelled to undertake unconventional
measures, things they haven’t done before, because other policymakers are not
stepping up to take responsibility on the fiscal side. These implicit
devaluations and beggar-thy-neighbor policies force a lot of liquidity into the
system and by pushing up asset prices, central banks believe, create a 'weath
effect'. It can also trigger “animal spirits” – we get all excited and invest
more. In terms of equity markets, El-Erian says investors are split into two
camps. One camp believes that everything will go higher and central banks will
succeed in their efforts. The other camp believes asset prices are going to
come down to meet the fundamentals. El-Erian puts himself in the second camp. “We think that
prices are artificially high, that maintaining them here is going to be hard as
central banks become less effective, and that it’s time to book some profits
and to wait for some better entry points,” he explains.
He clarifies that this is not a “Lehman moment." But “prices that
have gotten way ahead of what policy can deliver,"
Submitted by Tyler
Durden on 02/19/2013 - Good news, bad news, no news, dips, no
dips, who cares. As Goldman sales/trading desk says, never look a gift-Bernanke
in the mouth (especially if he ends up in a frozen lasagna at a store near
you).
From GS:
A solid rally today and new cycle highs
for US equities – but that’s where the story stops. No obvious
catalyst. No bullish data . European stocks traded well, with most
people pointing to a better German ZEW print, but it’s not clear why that would
translate into such a strong US trading session. Maybe it’s best
though not to look a gift-horse in the mouth .
One can't help but laugh at this "market." { Riiiiight! Sounds like a plan! The
‘gift-horse’ that’s … not a gift-horse at all … You’re paying through your nose
and teeth. It was amusing to see mainstream media puzzling over the record high
gas prices so early in this time of year, and as well, the coming jump in beef
prices. There’s no mystery here! This is the natural and inevitable concomitant
to ‘printing presses gone wild’. Not printing presses for product for
intellectual consumption; but rather, printing presses (whether by print or
computer leger entry) for those ever more worthless paper fiat dollars backed by
nothing but insurmountable debt of a defacto bankrupt nation. Remember: There’s
no free lunch … fraudulent wall street’s predictable/intended gain (from QE,
currency debasement, etc.) is your substantial pain! It’s the zimbabwee
financial model gone american …
Kyle
Bass Tells 'Nominal' Stock Market Cheerleaders: Remember Zimbabwe Submitted by Tyler Durden on 02/01/2013 { Yeah … the stock
markets worldwide have become huge ‘QE-fed’ scams/frauds that everyone else is
or will be paying for in a very big, deleterious way! } “ Amid the euphoria of today's crossing of the Dow's
Maginot Line at 14,000, Kyle Bass provided a few minutes of sanity this morning
in an interview with CNBC's Gary Kaminsky. Bass starts by reflecting on the
ongoing (and escalating) money-printing ( or
balance sheet expansion as we noted here ) as the driver of stock movements
currently and would not be surprised to see them move higher still (given the
ongoing printing expected). However, he caveats that nominally bullish
statement with a critical point, "Zimbabwe's
stock market was the best performer this decade - but your entire portfolio now
buys you 3 eggs" as purchasing power is crushed. Investors, he says, are
"too focused on nominal prices" as the rate of growth of the monetary
base is destroying true wealth. Bass is convinced that cost-push inflation is
coming (as the velocity of money will move once psychology shifts) and investors must not take their eye off the insidious
nature of underlying inflation - no matter what we are told by the
government (as they will always lie when its critical)…”
Post-Hyperinflationary
Zimbabwe Welcomes The Holidays With 80% Unemployment, Empty ATMs And Paralyzed
Transport { Just another typical
nigger! Speaking of niggers, if wobama is given the opportunity as he has thus
far, he’ll tread the same path as fellow nigger mugabe. } … Zimbabweans are
facing bleak holidays this year amid rising poverty, food and cash shortages
and political uncertainty, with some describing it as the worst since the
formation of the coalition government in the southern African nation.... Banks have closed,
ATMs have run out of cash and transport services have been paralyzed." It
gets worse: "Zimbabwe's unemployment is pegged at around 80 percent with
many people in Harare, the capital, eking out a living by selling vegetables
and fruits on street corners." And all of this is
after the massive economic imbalances in Zimbabwe's economy should have been
"fixed" (or so conventional economic theory would have one believe)
courtesy of hyperinflation, which left any savers in tatters, destroyed the
value of the old currency, benefited solely debtors but also allowed a
fresh start to a government, which could only remain in power due to a violent
power grab by the democratically elected-turned-dictator Robert Mugabe.
Submitted by Tyler
Durden on 02/19/2013 It seems a week does not go by without
some kind of violent (or non-violent) protest against conditions in the mining
industry in South Africa. Only this week we had the Amplats-related
platinum spike , but it appears the split between the private and public
sector has become not just better known but unsustainably massive in the last
few years. In what will likely set off another riot, Bloomberg notes that salaries for
public servants have increased an average 14% annually since 2007 versus a 2.7%
rise in the period for all-industry (es Agriculture) in the private sector . All this as
CPI rose 6.3% annually on average. As one analyst noted "it is not
sustainable," but it appears Pravin Gordhan - South Africa's FinMin - is
apparently unlikely to meet a pledge to limit government salary
increases to 5% - to help narrow the budget deficit (as GDP is expected
to grow 4.8%). This government largesse appears to be 'revolting' - and
is certainly fueling the fire across the nation's labor force.
Global ‘credit supernova’ turns 2013 bull to bear Marketwatch
Paul
B. Farrell Archives
| Email
alerts Feb. 9, 2013, 6:02 a.m. EST Global ‘credit supernova’
turns 2013 bull into bear
Commentary: Bill Gross warns about Fed’s
cheap-money schemes Paul B. Farrell , MarketWatch SAN LUIS OBISPO, Calif. (MarketWatch) — ‘ Bill Gross predicting a “ Credit Supernova. ” Yes, that ’ s what the “ Bond King ” sees dead ahead. He knows, his firm has $2 trillion at
risk of collapsing into the “ Black Hole ” coming after the Credit Supernova, when the Federal
Reserve cheap money finally explodes in America ’ s face, brings down the economy, again.
Gross’s Credit Supernova metaphor is the explosive
headline on his latest Pimco newsletter. So what’s a supernova? Jump over to
the Space.com’s parallel universe where you’ll discover a supernova happens
when a “blindingly bright star bursts into view in a corner of the night sky
... burns like a ... brilliant point of light.”
A supernova is “the explosion of a star
that has reached the end of its life ... Supernovas can briefly outshine entire
galaxies and radiate more energy than our sun will in its entire lifetime.”
Yes, a supernova is the “explosion of a
star that has reached the end of its life.”
“End of its life?” Is America’s star
economy burning out? Sure sounds like it: Gross is doing more than just hinting
with his Credit Supernova metaphor. He’s predicting the collapse of the
American economy and global financial markets, far worse than the 2008 Wall
Street bank credit collapse, worse than the 2000 dot-com crash.
As the folks over at Business Insider
put it: “Investment banks have morphed markets with ‘Ponzi Finance.’ And time
is almost up.”
Fed’s Ponzi scheme: Credit expansion
killing economic growth Business Insider’s Matthew Boesler summarized Gross’s rather cryptic
metaphor this way: Gross’s newsletter “tackles the relationship between credit
expansion and real growth” where under Bernanke the Fed’s cheap-money bubble
makes our monetary problems get bigger as the Fed keeps kicking them down the
road.
So the Fed’s “Ponzi Finance” must run its printing presses full blast to
pump more and more credit into the economy “just to cover increasingly burdensome
interest payments, with accelerating inflation the end result.”
The problem is huge: Bernanke’s Ponzi Finance is self-sabotaging. Endless
cheap money upsets the balance between credit expansion and real economic
growth, resulting in diminishing returns: “Each additional dollar of credit
seems to create less and less heat. In the 1980s, it took four dollars of new
credit to generate $1 of real GDP. Over the last decade, it has taken $10, and
since 2006, $20 to produce the same result.” Bad news.
Yes, Wall Street and central banks worldwide are the engine driving
Bernanke’s Ponzi scheme straight into a Credit Supernova bubble. Why? Because
in the past generation more and more of the Fed’s new credit was channeled into
market speculation, distorting the balance between markets and the real
economy.
“Investment banking, which only a decade ago promoted small-business
development and transition to public markets, now is dominated by leveraged
speculation and the Ponzi Finance.”
Gross warns: As a result, “our credit-based financial markets and the
economy it supports are levered, fragile and increasingly entropic — it is
running out of energy and time. When does money run out of time? The countdown
begins when investable assets pose too much risk for too little return; when
lenders desert credit markets for other alternatives such as cash or real
assets,” a trend that’s already accelerating as more and more investors wise up
to Wall Street’s dangerous Ponzi Finance, anticipating that a Credit Supernova
will soon bring down Bernanke’s totally mismanaged monetary system, probably in
2013, months before his scheduled retirement.
After Credit Supernova will banks see
the light ... or stay blinded? Alan Blinder is familiar to Wall Street Journal readers and investors. The
former vice chair of the Federal Reserve just published “After the Music
Stopped: The Financial Crisis, the Response, and the Work Ahead.” His recent
New York Times op-ed piece is a perfect playbook of what’s coming after Wall
Street’s Credit Supernova explodes.
Blinder opens by quoting Hegel: “What experience and history teaches us is
that people and governments have never learned anything from history.” But then
Blinder adds, “actually, I think people do learn. The problem is that they
forget, sometimes amazingly quickly. That seems to be happening today, even
though recovery from the economic debacle of 2008-9 is far from complete.
Evidence of this forgetting is everywhere.”
His list of Wall Street’s mental blocks is all too familiar. They are
blind, in denial. So Blinder “encapsulates what we must remember about the
financial crisis into 10 financial commandments, all of which were brazenly
violated in the years leading up to the crisis.”
Imagine his frustration, like Moses coming down from the mountain, seeing
the people partying, honoring false idols, the golden calf of profits. Wall
Street did the same, forgot in 2000, forgot again in 2008, went back to the
same old tricks.
http://theeconomiccollapseblog.com
http://albertpeia.com/retailapocalypse.htm
February 15, 2013 http://gainspainscapital.com
http://albertpeia.com/systemicfinancialcollapse2pillarsdown.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/notaxationwithoutrepresentation.htm
http://albertpeia.com/uspromiscuity.htm { I’m constrained to
say that grammar, junior high, and high school in the suburban town in which I
grew up were not at all like that; and, far more conservative, civilized, and
restrained (and no niggers whatsoever). I’ve included the following previous
reference/link as a matter of disclosure and so as not to appear as a hypocrite
in the context of this referenced subject:
Drudgereport: STUDY: Girls As Young As 6 See Themselves As Sex
Objects... was kidnapped, sexually abused and strangled by a man who lured her
from her front yard by telling her he had lost his dog. Her naked body was
found the next day by a hiker in Cleveland National Forest , 50 miles southeast of Stanton. [1] The autopsy revealed that
she died from compression. A sample of the kidnapper's DNA was found under her fingernail. The
suspect, a Lake Elsinore, California , man named Alejandro Avila, was
convicted of first degree murder with special circumstances in May 2005. His
DNA was found on Samantha's body, and her DNA was found in his car. He was
arrested three days after the abduction. Avila had previously been to the
condominium complex where Samantha lived, because his ex-girlfriend resided
there and he had been previously acquitted of molesting her daughter and niece.
On May 16, 2005, the jury recommended he receive the death penalty. On July 22,
2005, Avila was formally sentenced to death. He is incarcerated at San Quentin State Prison on death row ). As an
aside, I’ve included the following for the record as well: Though I’ve had many
consensual sexual liasons with many different female sexual partners
(mid-hundreds) all of whom I liked, I’ve never, ever resorted to prostitutes.
The accidental exceptions included two ‘call girls’; one having met at summer
beach town bar matinee and who was ‘not working’ (as it turned out the reason
being she was at the end of her menstrual cycle). The other at a grocery store
with her daughter which made such in my mind, unlikely. As it turned out, both
were ‘nymphomaniacs’ (which, truth be told, made for quite an exceptional
sexual romp) and I simplistically inferred/surmised without dwelling on the
subject that they probably expected they’d have inordinate amounts of sex
anyway and might as well get paid for it – of course I didn’t nor was I asked
to pay. The other incident I’m including here for the record concerned an
absolutely beautiful (blonde hair, blue eyes, pretty, cute, perfectly
built/proportioned – make no mistake, however, I like brunettes also) girl I
met at a bar called ‘the Red Ranch’, later changed to ‘Harpoon Willy’s’. At closing,
we immediately became amorous, near intimate to a point in my car with abrupt
‘resistance’ at the ‘crucial moments’. When I finally, ‘exasperated’, asked
‘what’s up’, she stated she had recently broken up with her boyfriend who had
gone too far in the ‘sado-masochistic’ ritual behavior they were, and she still
was into. I told her I wasn’t into it
(I don’t connect sex with sado-masochism); never would, never did, never
will. We talked for quite some time and she explained her ‘predisposition’ the (her
perceived) consequence of her strict, puritanical upbringing and feelings of
guilt concomitant with sexual activity requiring coincident punishment/pain
when so engaged. I was busy with law school evenings, work full-time, and
teaching at a local college part-time and parted ways without taking her number
and never did see her again. } ]
Submitted by Tyler
Durden on 02/18/2013 - This video has been going around for a
few days, but wow. Very powerful and could be effective in knocking some
sense into more sheeple if it gets spread widely enough. It’s an absolute joke that these
people being questioned by Senator Elizabeth Warren are supposed hold the banks
to task. She also makes the key point how ordinary
citizens are constantly harassed by the “authorities” for what are in
many cases petty and victimless crimes, while the bankers who have unleashed
more destruction than anyone else, get slaps on the wrist. Every single
American should watch this short clip.
Submitted by Tyler
Durden on 02/19/2013 - If it seems like it hasn't been even a
year since the latest Atlantic City casino, this one with the surreal ads
showcasing Revel Atlantic
City , opened up, it is because that is exactly the case. Ten months to be
precise. And just as quickly as it came, just as quickly did it file for
bankruptcy. Moments ago, the company issued a press release that it would
engage in a debt-for-equity prepack (with Moelis, K&E and A&M all
advising) Chapter 11 which will be completed over the summer. The biggest
losers here are not so much the original owners of Revel Entertainment Group,
Morgan Stanley which three years ago decided to walk away
from its entire $932 million sunk investment in the bankrupt hotel
(instead of spending another billion to complete it), but the people of New
Jersey, who just lost another investment opportunity as some $260
million in the tax incentives that were supposed to help the project along will
never reach their intended target. The continuation of the abandoned investment
was the brainchild, and pride and glory of one Chris Christie who then
said "the $2.4 billion Revel is one of the most spectacular resorts he's
ever seen and expects it will motivate other Atlantic City casinos to
revitalize their properties. "I think that one of the things
that Revel will be is a catalyst for additional modernization and investment by
the other casinos to say, listen, if we grow more people here coming to the
region and we're offering something that looks nice further down the boardwalk,
maybe people will want to look there as wel l." As it
now stands, the Revel will only be a catalyst for further bankruptcies as industry
after industry finds out what a tapped out consumer with no access to $1.8
trillion in excess reserves truly means.
Drudgereport: EX-LAPD
WANTED IN COP SHOOTINGS... Left
20-page manifesto on FACEBOOK...
Uncensored... { http://albertpeia.com/niggersmanifesto.htm } Supports
gun control, Obama and Piers Morgan... { Yeah … and venal-la feinstein’s
position on guns too … he seems the perfect fit for DHS (homeland security);
you know, disarm the sane leaving them defenseless while stocking up on heavy
weaponry they and other nut-cases can kill you with … loves O …You can’t make
this stuff up in pervasively corrupt, meaningfully lawless, defacto bankrupt
america http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm }Wrote
online message to Tebow...
Insiders now aggressively bearish
Marketwatch http://albertpeia.com/marketcrashcomin.htm
Submitted by Tyler
Durden on 02/06/2013
“Facts
do not cease to exist because they are ignored.” – Aldous
Huxley
The entire system is corrupt to
its core. Both political parties, regulatory agencies, Wall
Street, the Federal Reserve, and mainstream media are participants in this
enormous fraud. They grow more desperate and bold by the day. The lies,
misinformation and propaganda being spewed on a daily basis become more outrageous
and audacious. They are using the Big Lie method on a grand scale. They
frantically need to lure the muppets into the stock market and the housing
market to keep the game going a little longer. You can sense we are reaching a
tipping point. The system they have created is mathematically
unsustainable. Therefore, it will not be sustained.
8,583 Dead
Americans http://www.wealthdaily.com Jeff Siegel America's Gun Violence Problem is NOT Gunshttp://albertpeia.com/usgunviolenceproblemisnotguns.htm
Drudgereport: CHICAGOLAND:
Police To No Longer Respond Immediately To Burglaries, Car Thefts... Flash
Mobs Turning Into Epidemic On NYC Streets; NYPD Powerless... 3
People Stabbed On NYC Subway Platform... Basketball
Coach Shoots Attackers...
(WXYZ) - Police sources tell 7 Action News that a women's basketball
coach from Martin Luther King, Jr. Senior High School shot two men who attacked
him as he was walking two basketball players to their cars in the school
parking lot.CLICK HERE FOR THE LATEST
UPDATES Police sources say the coach was walking the two girls
to their cars when two men allegedly approached and one pulled out a gun and
grabbed him by his chain necklace. The coach then pulled out his gun and shot
both of them, according to sources.The man who shot the attackers was 70 years
old, according to police. One of the attackers was found dead in the median on
Lafayette Boulevard, and the other was taken to a local hospital, according to
police sources. We've learned that both of the men had attended the high
school, and one had been recently expelled. Read more: http://www.wxyz.com/dpp/news/man-shot-near-martin-luther-king-jr-high-school-in-detroit#ixzz2K4VUwpF9 CBO: Obamacare will cost 7 million workers healthcare coverage... Gas
prices hit all-time record high for early Feb... 8,830,026:
Americans on Disability Hits New Record... Sheriff
Joe's credit-card info stolen, used at Chicago grocery store...
http://albertpeia.com/stockmarketcrashineurope.htm
http://albertpeia.com/moneyprintingwarfare.htm
{AP1-23-13: No! I didn’t watch the monkey bowl nigger
show at half-time, and only parts of this year’s monkey bowl. Wow! San franny,
on their fanny, should give former san fran mayor, venalla feinstein a call to
send in the big guns before she bans them. Whoops…need to break the momentum of
rival of niggertown favorite, san fran so power outage in niggertown new
orleans…definitely hurricane katrina’s fault…riiiiight …better give nigger ray
nagin a call to get things back up and runnin’…whoops, no can do – nigger ray’s
just been indicted ( http://www.nola.com/crime/index.ssf/2013/01/a_breakdown_of_the_payments_to.html ) …Besides, this is a great way to level
the playing field for the hometown nigger purse-snatchers…you know, lights out
and all. Actually, I truly am rooting for the ravens, but not much…reason? To
thwart this year’s egregious wall street fraudulent, manipulated ‘january
effect’ superstition; viz., an AFL team nigger bowl win means according to
mental case wall street superstition, bear market/bad stock market (actually,
‘sell now before may and go away’ is the apposite axiom regardless who wins).
This is the last monkey bowl I’ll be watching even part of. If you’re rooting
for san Francisco, be sure to where some flowers in your hair. This was the
sh**iest monkey bowl I’ve ever seen even a part of! }
AP Business
Highlights ...Yahoo Market
Update…
Metal News for the Day
2-08-13 Dave’s Daily: http://www.etfdigest.com ‘BULLISH BLIZZARD 2-08-13 Bulls remain undaunted by higher payroll taxes, overbought conditions or
much else. They worked hard to turn the week “green” for major indexes. The
headline writers are quite busy spinning the good news. One stated “Nasdaq Near
12-Year High”. Oh brother, wake me when its 5000 vs 3200.Seeing that
we’re long I shouldn’t complain too much. The game hasn’t changed. On one side
are very smart and experienced people who are raging at the machine. Most are
gray-haired veterans who think they’ve seen it all. (The truth is, they
haven’t.) The other side are the money printing central banks and ZIRP that make any choices
beyond stocks seem dumb. That’s it. As I suggested a few days ago you either
stay on the sidelines armed with your experienced wisdom or hold your nose and
dive in to equities. If you agree then this should lead subscribers to our Lazy
or Hedged Lazy portfolios as long as “the man” keeps printing. If this rally
persists then it also means our active portfolio needs to deploy more of our
cash to conditions. Aside from more money printing bulls seized on
international trade data which showed the U.S. trade deficit shrinking ($-38.5
billion vs prior $-48.6 billion). This implied to bulls that GDP data would
certainly expand. It was odd when compared to China announcing that its exports
rose 25%. This prompted the wise guys at
ZH to suggest that
someone was lying { How ‘bout both lying! } . Further, bulls quickly forgot the horrible Productivity & Cost data
from Thursday. But, this is a go-go market with HFTs and algos, many
constructed as hedge funds, controlling the show.Risk assets like gold (GLD)
are clearly out favor and the dollar (UUP) rallied further post Draghi’s
comments to talk down the euro (FXE). Japan
officials were surprised by how much the
yen’s (FXY) declined which prompted a rally since so many are leaning heavily
to one side of the trade. Commodity (DBC) were weaker even as energy (USO) &
(UGA) prices were flat while grains (JJG) were weak after the crop report.
Bonds (TLT) were marginally stronger in price.Of note was
Venezuela devaluing its currency , the bolivar,
from 4.30 to 6.30 to the dollar. This will hurt creditors and cause higher
inflation naturally. This is a sideshow in the ongoing currency wars. Major stock indexes rallied to see most
close positive for the week. Market leaders were primarily in tech with
heavyweight Apple (AAPL) leading the sector higher along with semiconductors
(SOXX).The weekly charts below show first the raw DeMark sequential counts
for XLK. The next chart features a similar view with our proprietary
trading signals for SOXX. In the latter small arrows (green or red) are
indications to close long or short positions while large green & red arrows
indicate long or short signals. We’ll be taking positions in both next week most
likely…’
http://theeconomiccollapseblog.com
http://albertpeia.com/europeanmeltdown.htm
February 8, 2013 http://gainspainscapital.com
http://albertpeia.com/fedpunchedout.htm
Drudgereport: EX-LAPD
WANTED IN COP SHOOTINGS... Left
20-page manifesto on FACEBOOK...
Uncensored... { http://albertpeia.com/niggersmanifesto.htm } Supports
gun control, Obama and Piers Morgan... { Yeah … and venal-la feinstein’s
position on guns too … he seems the perfect fit for DHS (homeland security);
you know, disarm the sane leaving them defenseless while stocking up on heavy
weaponry they and other nut-cases can kill you with … loves O …You can’t make
this stuff up in pervasively corrupt, meaningfully lawless, defacto bankrupt
america http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm }Wrote
online message to Tebow...
Submitted by Tyler
Durden on 02/08/2013
While the rest of the developed world is
scrambling here and there, politely prodding its central bankers to destroy
their relative currencies, all the while naming said devaluation assorted
names, "quantitative easing" being the most popular, here comes
Venezuela and shows the banana republics of the developed world what lobbing a
nuclear bomb into a currency war knife fight looks like:
VENEZUELA DEVALUES FROM 4.30 TO 6.30 BOLIVARS
And that, ladies and gents of Caracas,
is how you just lost 46% of your purchasing power, unless of course your fiat was in gold and
silver, which just jumped by about 46%. And, in case there is confusion, this
is in process, and coming soon to every "developed world" banana
republic near you.
Submitted by Tyler
Durden on 02/08/2013
Six years ago today, with the S&P
500 around 1460 - having risen 20% without a correction for seven months - a
handful of Wall Street's best and brightest joined CNBC's Larry Kudlow and Bob
Pisani to discuss the Goldilocks economy, why the bears are wrong, and where
the market is going next. Sometimes, we just need a reminder to snap us out of
that recency bias... for example, Bob Pisani: "We have
got a global rally going on... and the important thing is... there's a floor to the market - every time,
for the last seven months, they sell the market down for 2 days, it comes right
back... When you are in a global
expansion like this, to sell...is foolish ."
Submitted by Tyler
Durden on 02/08/2013
Remember the popular myth that there are
some things that the private sector can never, ever possibly
replicate the public sector in because, you know, " they didn't
build that " and they couldn't possibly build that,
even after accumulating some $ 16,487,564,297,892.03
in debt - no, only the government can be that efficient? We do. And apparently so does
FedEx, which does so with just the faintest of a smirk...
Submitted by Tyler
Durden on 02/08/2013
" Central Bankers and policymakers can’t stop themselves
from interfering ." To be fair on them (unusual in his case),
SocGen's Albert Edwards admits the pressure to do something in the face of
“bad” economic news is overwhelming. The general public or more inconveniently,
the electorate, clamor for action from
policymakers to counter any economic pain . Any ‘Austrian
School’-type suggestion that it is best to let the cycle play out is derided as
heartless and defeatist. Something can and must always be done. Whether intervention
makes things worse in the medium to long run is an inconvenience that can be
ignored until later. We feel Edwards pain as he "sheds tears of despair as
[he] was reminded of the blundering incompetence of our overconfident policymakers , whose
interventions, despite their best intentions, seem to bring about
financial crises with increasing rather than decreasing regularity ."
Submitted by Tyler
Durden on 02/08/2013
After having less than half the total US
deposits back in 2005, China has pumped enough cash into the economy using
various public and private conduits to make even Ben Bernanke blush: between
January 2005 and January 2013, Chinese
bank deposits have soared by a whopping $11 trillion , rising from $4 trillion to $15 trillion ! We have no
idea what the real Chinese GDP number is but this expansion alone is anywhere
between 200 and 300% of the real GDP as it stands now. And more: between January 2012 and January 2013 Chinese deposits
rose by just over $2 trillion . In other words, while everyone focuses
on Uncle Ben and his measly $1 trillion in base money creation in 2013 (while
loan creation at commercial banks continues to decline), China will have created well more than double this amount
of money in the current year alone !
Submitted by Tyler
Durden on 02/08/2013
Keep Calm and Keep Buying. We are sure
this will be the message as for
the first time this year, the Dow closed the week in the red . First time in
42 years that the S&P 500 started the year up six weeks in a row... as the
S&P and Nasdaq managed modest gains (thanks to AAPL's help) - making new
multi-year highs as yet another high stop-run was sent out early. After testing
back under 13%, VIX popped back higher in the afternoon to close the week
slightly higher. However, while stocks stumbled along sideways not really doing
anything - every other asset class saw significant risk-off related moves. The
USD saw its biggest weekly rise in 7 months! Treasury yields dropped 6-8bps -
the biggest rally in bonds in 5 weeks. High-yield credit has suffered its
biggest 2-week plunge in 9 months. WTI Crude saw its biggest weekly drop in 2
months. Given the USD strength, gold performed very well (ending the week
unch). Stocks remain
significantly dislocated from credit, rates, and FX markets in the medium-term
(all of which closed the week with a risk-off shift) . Volume, amid
the blizzard, was dismal today.
Submitted by Tyler
Durden on 02/08/2013
The S&P 500 P/E ratio is testing 15x - its highest in 19 months. This takes the
stock market's valuation back to its highest since the debt-ceiling debacle and
USAAA downgrade (as if nothing ever happened). Since that time, expectations for GDP growth in 2013 has plunged from 3.2%
to a measly 2.0% . The 'Market of Dreams' economy continues as Bernanke's
"If you BTFD, we will recover" is the only mantra left. Was it only August
2007 that Bob Pisani was reminding us all that: "improved policies on
the part of those steering the economy are the likely reason we have avoided
recessions."
Submitted by RANSquawk
Video on 02/08/2013
Submitted by Tyler
Durden on 02/08/2013
" I will veto any
effort to get rid of the automatic spending cuts " - Barack Obama, November
21, 2011
... "The
President will urge Congress to come together and act to ensure these
devastating cuts to defense and job-creating programs don’t take effect ." - White House
statement, February 5, 2013
Submitted by Tyler
Durden on 02/08/2013
We have been monitoring the shifts in the
high-yield bond market for a few weeks, noting that bond ETF and credit
derivative markets are showing some serious (divergent from stocks) signs of
risk-off. Whether this was driven by call-constraints limiting upside
potential, a fundamental realization of a shifting macro background, or ad hoc
idiosyncratic risk elevation due to releveragings and potential
public-to-private transactions is unclear. What is clear is that this week saw
the largest HY ETF outflow on record . Furthermore, HYG's shares
outstanding have plunged over 11% in the last 90 days as ETF units
are for the first time destroyed QoQ not created. The rotation appears to be
up-in-quality and up-in-capital structure as loan funds saw inflows - but with
stocks and credit linked inexorably via the balance sheet, the divergence
cannot last forever (and never has) . Until very recently this has not
spilled over into the cash bond market, but the last few days have seen selling
pressure picking up into this illiquid market .
Submitted by Tyler
Durden on 02/08/2013
Forget Ackman, Einhorn, Bass, And
Hendry. There is only one name in the world of equity market performance in
2012 - Rachel Fox, of 'Desperate
Housewives' fame . With a 30%-plus performance , the
day-trading debutante has turned from actress to activist as she day-trades her
way through the day. The 16-year-old actress who made 338 trades last
year , based mostly on technicals, ""...fell in love with the idea
and the concept of being able to just buy something, have it go up, or have it
go down, depending on which way you bet it and have it make you money. I
thought, oh, my, gosh, that's amazing, and so easy, I have to do
this ." If ever there was a sign of the extreme bubble that central
planning has re-created for us - it has to be this. Her advice: "you have
to really just trade on your own instincts and not just be like, oh, this person
says this is great, let me just go for it." LOL, OMG, IKR ;-( Our advice:
next time readers are discussing stock tips with a random employee of Hustler
Club, Scores or Spearmint Rhino - don't just stare, listen! Said 'random
employee' is almost certainly outpeforming the "smart money", and the
broader market, by a wide margin. Thank you Ben .
Submitted by Tyler
Durden on 02/08/2013
This is just a disaster - and more prolonged
than the depression of the 1930s . If British businesses don’t have
confidence in Cameron and Osborne’s policies, if their policies don’t lower
unemployment, don’t create growth, don’t boost imports and exports, don’t
result in recovery, and don’t even result in less borrowing (their stated
aim), why do they continue to pursue them?
Submitted by Tyler
Durden on 02/08/2013
Overnight China reported great trade
data which saw exports and imports soar by more than 20% each compared to 2012.
Of course, when one adjusts
for January calendar effects the "rise" was virtually non-existent
but that was too much work for the Shanghai Composite algos. A few hours later,
the US did the same, reporting even better trade data which saw the trade
deficit plunge the most in nearly three years. So far so good: we just have one
question - who is lying more . Because
unlike all other sole-sourced economic manipulated data which is solely a
function of some excel goal seek model and various spreadsheets, bilateral
trade has to foot. One country's net exports have to equal its
countepart's net imports and vice versa.
Submitted by Tyler
Durden on 02/08/2013
Chinese economic data is always good for
a laugh. So, courtesy of some observations by Diapason's Sean Corrigan, let's
laugh.
Submitted by Tyler
Durden on 02/08/2013
Both the spring maintenance period in
the US (creating a 'glut' of WTI), Seaway pipeline, and tensions in the Middle
East are exaggerating the Brent-WTI spread which traded back to two-month
highs. In the last week or so the differential has surged from
around $16 to over $22 as WTI fell and Brent prices surged . There is a
great degree of seasonality in this shift (and typically the Spring maintenance
period has ended within the next week) but Iranian sanctions remain at the
forefront (as does the belief that Germany's growth will be the engine of
European demand - especially if EUR drops). This year was 'different' in so
much as WTI outperformed for the first few weeks - potentially on the back of
the global rise in risk-assets thanks to global central bank largesse. It
appears the oil market is hinting at some slowdown.
Submitted by Tyler
Durden on 02/08/2013
Rate-Rig
Spotlight Falls on 'Rain Man' ( WSJ )
Blizzard
Cancels U.S. Flights, Threatens Snow in New York ( BBG )
Monti says he
did not know of bank probes ( FT )
Japan's Aso:
yen has weakened more than intended ( Reuters )
Japan Pledges
Foreign-Policy Response to Territorial Incursions ( BBG )
Paratroops
mutiny in Bamako in blow to Mali security efforts ( Reuters )
China, Japan
engage in new invective over disputed isles ( Reuters )
Asteroid to
Traverse Earth’s Satellite Zone, NASA Says ( BBG )
EU leaders
haggle over budget tightening ( FT )
China Trade
Tops Forecasts in Holiday-Distorted Month ( Bloomberg )
Buffett’s Son
Says He’s Prepared Whole Life for Berkshire Role ( BBG )
Submitted by RANSquawk
Video on 02/08/2013
Insiders now aggressively bearish Marketwatch http://albertpeia.com/marketcrashcomin.htm
Submitted by Tyler
Durden on 02/06/2013
“Facts
do not cease to exist because they are ignored.” – Aldous
Huxley
The entire system is corrupt to
its core. Both political parties, regulatory agencies, Wall
Street, the Federal Reserve, and mainstream media are participants in this
enormous fraud. They grow more desperate and bold by the day. The lies,
misinformation and propaganda being spewed on a daily basis become more
outrageous and audacious. They are using the Big Lie method on a grand scale.
They frantically need to lure the muppets into the stock market and the housing
market to keep the game going a little longer. You can sense we are reaching a
tipping point. The system they have created is mathematically
unsustainable. Therefore, it will not be sustained.
8,583 Dead
Americans http://www.wealthdaily.com Jeff Siegel America's Gun Violence Problem is NOT Gunshttp://albertpeia.com/usgunviolenceproblemisnotguns.htm
Drudgereport: CHICAGOLAND:
Police To No Longer Respond Immediately To Burglaries, Car Thefts... Flash
Mobs Turning Into Epidemic On NYC Streets; NYPD Powerless... 3
People Stabbed On NYC Subway Platform... Basketball
Coach Shoots Attackers...
(WXYZ) - Police sources tell 7 Action News that a women's basketball
coach from Martin Luther King, Jr. Senior High School shot two men who attacked
him as he was walking two basketball players to their cars in the school
parking lot.CLICK HERE FOR THE LATEST
UPDATES Police sources say the coach was walking the two girls
to their cars when two men allegedly approached and one pulled out a gun and
grabbed him by his chain necklace. The coach then pulled out his gun and shot
both of them, according to sources.The man who shot the attackers was 70 years
old, according to police. One of the attackers was found dead in the median on
Lafayette Boulevard, and the other was taken to a local hospital, according to
police sources. We've learned that both of the men had attended the high
school, and one had been recently expelled. Read more: http://www.wxyz.com/dpp/news/man-shot-near-martin-luther-king-jr-high-school-in-detroit#ixzz2K4VUwpF9 CBO: Obamacare will cost 7 million workers healthcare coverage... Gas
prices hit all-time record high for early Feb... 8,830,026:
Americans on Disability Hits New Record... Sheriff
Joe's credit-card info stolen, used at Chicago grocery store... http://albertpeia.com/stockmarketcrashineurope.htm
http://albertpeia.com/moneyprintingwarfare.htm
{AP1-23-13: No! I didn’t watch the monkey bowl nigger
show at half-time, and only parts of this year’s monkey bowl. Wow! San franny,
on their fanny, should give former san fran mayor, venalla feinstein a call to
send in the big guns before she bans them. Whoops…need to break the momentum of
rival of niggertown favorite, san fran so power outage in niggertown new
orleans…definitely hurricane katrina’s fault…riiiiight …better give nigger ray
nagin a call to get things back up and runnin’…whoops, no can do – nigger ray’s
just been indicted ( http://www.nola.com/crime/index.ssf/2013/01/a_breakdown_of_the_payments_to.html ) …Besides, this is a great way to level
the playing field for the hometown nigger purse-snatchers…you know, lights out
and all. Actually, I truly am rooting for the ravens, but not much…reason? To
thwart this year’s egregious wall street fraudulent, manipulated ‘january
effect’ superstition; viz., an AFL team nigger bowl win means according to
mental case wall street superstition, bear market/bad stock market (actually,
‘sell now before may and go away’ is the apposite axiom regardless who wins).
This is the last monkey bowl I’ll be watching even part of. If you’re rooting
for san Francisco, be sure to where some flowers in your hair. This was the
sh**iest monkey bowl I’ve ever seen even a part of! }
AP Business
Highlights ...Yahoo Market
Update…
Metal News for the Day
2-07-13 Dave’s Daily: http://www.etfdigest.com ‘INVESTORS LOOK FOR BETTER NEWS 2-7-13 It doesn’t surprise
that volatility is increasing as many indexes try to take out previous highs.
These levels clearly mark resistance and have been highlighted this way for the
last month. The only exception is small caps (Russell 2000: RUT) where weekly
DeMark indicators have signaled exhaustion. But these indicators are in a
fierce duel with liquidity injections courtesy of the Fed’s nonstop QE
operations . It was almost amusing to read the
biggest Fed dove’s remarks Thursday that the Fed’s QE is like an “energy bar”
that will drive unemployment to 7% by the end of 2013. On the other hand Fed's Governor Jeremy
Stein stated today: "… an extended
period of low interest rates could create risks to financial stability, and
policymakers should keep an eye on junk bond and leveraged loan markets for
signs of excess risk-taking, and we are seeing a fairly significant pattern of reaching-for-yield behavior
emerging in corporate credit. This was an admission related to the negative
behavior of High Yield Bond (HYG) we posted yesterday.The dollar (UUP) and
currency trading in general has led to so-called currency wars. When Japan
decided to double the level of the inflation rate target that lead to a massive
decline in their currency. This puts other countries on guard to devalue their
currencies to maintain their competitive edge. And, so it goes. Below is a
weekly chart of the yen (FXY) followed by a weekly chart of BZF (Brazil Real
ETF) with the latter being lightly traded. The currency decline, due to government policy offered little help
for market technicians since policy can steamroll indicators. We
were able to profit from the first move but the second move was too difficult
given how oversold the yen quickly became. Brazil is quickly taking note as
they worry both about inflation and competition. Yields on Brazil debt are
higher but now we see a DeMark sequential weekly 9 which may slow the rise down
as the government contemplates competitive easing.
http://albertpeia.com/daveschart20713.gif
http://albertpeia.com/daveschart20713no2.gif
One area where
we can profit from currency wars is with DBV (DB G-10 Currency ETF) which
shorts low yielding currencies within the G-10 in favor of being long higher
yielding currencies and locking in the spread. Below is a weekly chart of DBV
and you’ll not an imperfect 9 count since it was not higher than the high of
the 6 count. This may seem like mumbo-jumbo but it’s an important distinction
nevertheless.
http://albertpeia.com/daveschart20713no3.gif
We’re long DBV
and have been since November with some additions in January.The news in
currency markets today beyond what’s displayed above came from Mario Draghi and
the ECB who basically “talked down” the euro (FXE) causing the dollar to rally
(UUP). This shows the currency war has few boundaries.Stocks fell sharply early
occasioned first by poor economic data as Jobless Claims (366K vs 360K expected
& prior revised to 371K from 368K). This allowed headline writers to spin a
larger drop in claims than was deserved. Productivity fell (-2% vs -1.3%
expected & prior revised higher to 3.2% vs 2.9%) and Costs rose (4.5% vs
3.1% expected & prior revised lower to -2.3% vs -1.9%). These numbers are a
poor combination of weaker productivity and higher costs. Draghi’s comments
weren’t well-received either. With the dollar higher most commodities (DBC),
(USO) and (GLD) saw selling. Bonds (TLT) were higher in price.Earnings news
wasn’t particularly bullish overall as some tech companies like Akamai (AKAM)
missed with results and Green Mountain Coffee (GMCR) fell hurting Consumer
Discretionary (XLY) which had been a leader. After the close Coinstar (CSTR)
reported results that disappointed while LinkedIn (LNKD) pleased allowing
shares to rise over 10%.Volume picked-up Thursday on mostly selling although
there were dip buyers in the PM once again. Breadth per the WSJ was negative…’
U.S. stocks close lower on buying fatigue Marketwatch {
Wow! Buying fatigue! Riiiiight! How ‘bout those paper bubble-market QE fed air
bubble stocks are not worth the paper they’re printed on, beyond the fraud and
computerized manipulation; particularly when factoring macro and micro economic
reality! }
http://theeconomiccollapseblog.com
http://albertpeia.com/marketcrashcomin.htm
Tony Bennett: If Americans Keep Firearms, “Rest of the
World Will Really Take Care Of Us” Kurt Nimmo | Compares America upholding Second Amendment to Nazi
Germany. { Come on! Who takes anthony dominick benedetto aka
tony bennett seriously … his herpes virus has probably migrated to his brain!
Probably a Mussolini fan and in real time!
}
February 6, 2013 http://gainspainscapital.com
http://albertpeia.com/europeanhouseofcards.htm
Submitted by Tyler
Durden on 02/07/2013
The equity markets, despite a verey modest drop so far
today, continue to hang in
despite slowing profits growth . David Rosenberg notes that while many
tout the +6% YoY earnings growth, once adjusted for special factors, the growth rate in earnings is a meager 40bps! So, he notes,
it appears not to be about earnings but about what investors are willing to pay
for the earnings stream and lays out four reasons for the market's 'comfort'.
However, while Mr. Market is catching on to the Fed's overt
attempt to reflate the economy by reflating asset values, he warns, we have
seen in the past how these cycles turn out - and whether you are a
trend-follower or contrarian, take note of the overwhelming consensus across
almost every asset class right now. Dow Theory advocates have been doing
high-fives all year long as the S&P Industrials and Dow Transports make new
highs, reinforcing the notion (mirage is more like it) of economic escape
velocity, but Rosenberg has more than a
few (EIGHT) 'anomalies' that show things are actually stagnating (or
contracting) and don't pass his smell test.
Submitted by Tyler
Durden on 02/07/2013
While Moody's slipped over 20% when the
DoJ announced its cajillion dollar lawsuit against S&P for knowing the
crisis was coming but not telling anyone, it later bounced back over 10% as
investors believed the non-US-downgrading rating agency (that happened to be
owned by Buffett) was too-big-to-jail. After-hours today, Reuters
is reporting that the Justice
Department and multiple states are discussing also suing Moody's Corp for
defrauding investors , according to people familiar with the matter, but any
such move will likely wait until a similar lawsuit against rival Standard and
Poor's is tested in the courts. The stock is trading down 3% after-hours as
sources (not authorized to speak publicly) added "don't think Moody's is
off the hook." We can't help but think about the pending
sequester-delaying deficit spike as perhaps, to appear impartial, the DoJ will
keep the threat of a lawsuit against Moody's alive... during the entire period
when the US may and should be downgraded.
Submitted by Tyler
Durden on 02/07/2013 - 18:40
Any trader of paper gold and silver will
likely never forget the endless
and certainly parabolic barrage of margin hikes that the CME
imposed in the spring and summer of 2011 which had only one purpose: to break
the back of the relentless anti-fiat rally in the precious metals (and which
culminated with the historic
May 1 take down of silver when the metal plunged some 15% in the span of
seconds). Since then, perhaps as a result of initial and maintenance margins
still at residual levels indicative of when the S&P was some 30% lower and
some $4 trillion less in slushing global central bank liquidity, the upside
euphoria in gold and silver has been decidedly hobbled, perhaps so much that
the CME is now scrambling to find a whole new set of gullible investors who
will obediently put their money in the paper trap, only to see a surge followed
by yet another mauling from soaring margin demands. After all, the CME needs
trading volume to keep the cash flow flowing - killing the paper market in any
one product suits nobody. Sure enough, moments ago, the CME once again cut
margins in a slew of products, most notably gold and silver, by some 10% and 14%.
Submitted by Tyler
Durden on 02/07/2013
‘Five
full years on from the financial crisis, stock markets have regained lost
ground and are within striking distance of new record highs. Yet, it’s only
now, after all the gains from the bottom have been made, that the investing
crowd is starting to put money back into stocks. Curious. When stocks were cheap, nobody wanted them. Now that
they’ve breached record nominal highs again (Dow 14,000++), investors are
piling back in. It’s almost a cliche, but to make money investing, you
generally have to buy something when nobody else wants it, and sell when
everyone wants to buy. As a group, gold stocks are down between 20% and 30% over the past year. Yet in that
same timeframe, the price of the gold has risen. As a result,
sentiment toward gold stocks is pitiful. Even diehard gold bugs are tired of
losing money in gold stocks and have been dumping their shares in disgust. There are 4
main reasons I can think of why gold stocks might be so cheap... There are 4 main reasons I can think of why gold stocks
might be so cheap:
Now that the talking
heads on TV are all telling us that the financial crisis is over, people expect
the gold price to fall.
The presence of
many alternative gold investments (Exchange Traded Funds like ‘GLD’) provides a
means for people to have gold exposure without having to buy mining stocks.
Some investors
may perceive that the increased cost of extracting gold is outpacing the price
of gold, meaning that profit margins of gold mining companies may be
deteriorating.
The prospect of
a deflationary credit crunch would eliminate the availability of project
financing, putting new mines at risk, particularly among the smaller miners.
Let’s examine these in turn.
Reason 1 is unrealistic . Stocks are hitting 5-year highs, but
the root causes of financial crisis, namely too much borrowing and spending,
have not been addressed.
There is more money and debt in
existence now than ever in history. Central banks have created trillions of
dollars out of thin air. And debts have merely migrated from the private sector
to public balance sheets.
In our view, gold remains an EXCELLENT
hedge against systemic risk in our view.
Reason number 2 is partly true . A lot of money that might have
gone into gold mining stocks has instead gone into the many paper gold and ETF
products that have proliferated in this bull market.
But with gold stocks now RELATIVELY
cheaper against gold itself, a reversion to the mean seems a reasonable
expectation.
Reasons 3 and 4 are possibilities . Mining costs are rising, and a
deflationary credit crunch could really affect production if mining companies
lose their financing.
Initially, this scenario would likely
put downward pressure on both gold prices and the equity value of mining
companies who would see their project financing opportunities diminish.
To me, these are among the chief risks
we would be assuming by buying gold stocks over the long-term…’
Submitted by Tyler
Durden on 02/07/2013
Just as it was all tropical storm
Sandy's fault for somehow impacting the national economy from California, to
Florida, to Oregon and all the way to Vermont, but more importantly - giving
economists a scapegoat on which to blame the acute weakness in economic data in
the November timeframe, so tomorrow's "historic" blizzard will
be the inevitable reason for which the economy will once again perform
"below expectations." It will have nothing to do with the
ongoing reign of authoritarian terror conducted by the residents of the
Marriner Eccles building, which has made a baseline growth rate of 1% in the
artificial economy an optimistic outcome. Because, as everyone knows, in a
centrally-planned, priced to absolute perfection economy, no
exogenous variables, such as snow storms in the middle of winter, can possibly
be allowed or certainly factored for. Which is why expect to hear a whole lot
more in the next 24 hours about Blizzard Nemo: after all propaganda patterning
demands that everyone has a clear image of the perpetrator when the time comes
to cast all blame on one single event and to distract from the real cause of
now structural underlying economic weakness.
Submitted by Tyler
Durden on 02/07/2013
Thanks to Draghi's jawboning the
correlated risk-off rampage that occurred into and through the open of the US
day-session (as EUR plunged XX pips) sent S&P futures back well below 1500 on serious volume . Of course,
that was unacceptable and once Europe closed and POMO was done, S&P futures
began their VIX-coupled liftathon. By the close, S&P cash ended just in the
red for the week again - within a 3pt range of closes (1511, 1512, 1509) in the
last 3 days. Risk-assets in general were more correlated early on in the dip
and then de-correlated (surprise) as stocks lifted. ETFs across rates, stocks,
vol, and credit held together; but the underlying markets did not play along as
the USD flatlined and Treasury yields only
rose modestly as stocks surged this afternoon . Gold and
silver ended the day down (after a flurry of dips and rips as Draghi spoke). A
late-day, well-timed AAPL press release provided some impetus, pushing Tech
almost into the green on the week (as only Staples are so far). European stocks, bonds, and credit are all red for the
year; US credit is red for the year; US macro is red for the year; and US
stocks continue to believe (SPX +6%) - even as the
USD (+0.5% YTD) has the biggest 4-day jump in 7 months!
Submitted by Tyler
Durden on 02/07/2013
We urge readers to read the bolded
section below, which comes straight from this quariter's Treasury Borrowing
Advisory Committee (i.e., Primary Dealers) presentation
to the Treasury Department, and explain, with a straight
face , just how the Fed will ever be able to not only stop monetizing
debt and injecting $85 billion of flow into the stock market, but actually sell
any holdings.
Submitted by Tyler
Durden on 02/07/2013
If anyone was hoping that in the peak
holiday month of December the US consumer would finally
open up the purse strings and "charge" everything, we have bad news:
in the last month of 2012 revolving consumer credit dipped by some $3.6
billion, a reversion of the modest increases seen in November and October, and
the biggest decline in credit card debt since July of 2012. Yet overall
consumer credit rose by some $14.6 billion and beat expectations of a $14
billion increase. Why? Because as we have been warning for quite a while, everyone
is now piling into student debt (and NINJA Uncle Sam subprime car loans). Sure
enough, non -revolving credit soared
by $18.2 billion in December - a monthly record for this time series since its
revision several months back - and shows that when it comes to
levering up, few are using their credit cards, as increasingly more opt to
rotate proceeds from their "student loans" into everyday purchases.
Submitted by Tyler
Durden on 02/07/2013
Jeremy Grantham: "I like the analogy of the Fed
beating a donkey (the 1% growing economy) for not being a horse (his 3% growing
economy). I assume he keeps beating
it until it either turns into a horse or drops dead from too much
beating!"
Submitted by Tyler
Durden on 02/07/2013
The infamous Bob Rubin appeared on CNBC this morning -
extolling the "nobody could have seen this crisis coming"
meme - and Rick Santelli went after the hypocrisy of these so-called elites
and what they did and didn't know. The glaring hypocrisy of claiming that
S&P knew that everything they rated was a P.O.S. and yet no-one else could
have seen the crisis coming . The crony capitalism of Geithner's
proximity to Rubin's Citi during the dark days - especially considering the
increasing evidence in book after book - prompts Santelli to suggest we
"draw our own conclusions." From saving the GSEs to Maxine Waters
ignorance and Barney Frank's slamming of any pessimists, Santelli covers a lot
of ground fast but notes, with venom, that none of these 'elites' ever want to
be the naysayer (due to the implications) and they will never "take away the punchbowl," and while he
proclaims that if S&P goes down then everyone should suffer clawbacks, he
reminds us all, "you can't fight City
Hall."
Submitted by Tyler
Durden on 02/07/2013
As is the case every Thursday, the BLS reported its
weekly initial claims which unlike two weeks ago did not estimate the initial unemployment claims
for America's most populous state when the number plunged, and has now missed
expectations for two weeks in a row, printing at 366K, on expectations of a
360K number, while last week's 368K was as usual revised upward to 371K. As a result,
the Mainspin Media already has its headline: Initial Claims decline by 5,000 . Such is life
under the US Department of Truth, even as unadjusted initial claims spiked by
16.7K to 386K in the week ended February 2. In other news, people on Extended
Unemployment Comp plunged by 288K after soaring in the week prior, and making
some wonder just what is going on with the EUC 2008 data series for it to get
such massive weekly shifts each week.
Submitted by Tyler
Durden on 02/07/2013 From Fed's Stein: "The insurance
company might approach a broker-dealer and engage in what is effectively a
two-way repo transaction, whereby
it gives the dealer its junk bonds as collateral, borrows the Treasury securities,
and agrees to unwind the transaction at some point in the future . Now the
insurance company can go ahead and pledge the borrowed Treasury securities as
collateral for its derivatives trade. " Thanks to the magic of FAS 140 banks can literally transform
worthless garbage into supersafe Treasurys, then use that newly transformed
collateral via further repo as cash to fund simple stock purchases, and at the
end of the day nobody knows where the exposure came from, who the counterparty
is, and what the ultimate liability is!
Submitted by Tyler
Durden on 02/07/2013
Bersani's lead
over Berlusconi continues to erode, now just 3.6 Pts, or inside error margin,
in Tecne Poll
Spain gears up
for U.S. debt investor meetings ( Reuters )
PBOC Set for
Record Weekly Liquidity Injection ( WSJ )
RBS Trader
Helped UBS’s Hayes With Libor Bribes, Regulators Say ( BBG )
ECB, Ireland
reach bank debt deal ( Reuters )
AMR-US Airways
Near Merger Agreement ( WSJ )
Monte Paschi
says no more derivatives losses ( Reuters ) ... remember
this
Harvard’s
Gopinath Helps France Beat Euro
Straitjacket ( BBG ) - by sliding
into recession?
Obama Relents
on Secret Drone Memo ( WSJ )
Brennan to face
questions on interrogations, drones and leaks ( Reuters )
Wall Street
Success With Germans Boomerangs ( BBG )
Khamenei
rebuffs U.S. offer of direct talks ( Reuters )
Boeing Preps
Redesign to Get 787 Flying ( WSJ )
Insiders now aggressively bearish Marketwatch
Submitted by Tyler
Durden on 02/06/2013
“Facts
do not cease to exist because they are ignored.” – Aldous
Huxley
The entire system is corrupt to
its core. Both political parties, regulatory agencies, Wall
Street, the Federal Reserve, and mainstream media are participants in this enormous
fraud. They grow more desperate and bold by the day. The lies, misinformation
and propaganda being spewed on a daily basis become more outrageous and
audacious. They are using the Big Lie method on a grand scale. They frantically
need to lure the muppets into the stock market and the housing market to keep
the game going a little longer. You can sense we are reaching a tipping point. The system they
have created is mathematically unsustainable. Therefore, it will not be
sustained.
8,583 Dead
Americans http://www.wealthdaily.com Jeff Siegel America's Gun Violence Problem is NOT Gunshttp://albertpeia.com/usgunviolenceproblemisnotguns.htm
Drudgereport: CHICAGOLAND:
Police To No Longer Respond Immediately To Burglaries, Car Thefts... Flash
Mobs Turning Into Epidemic On NYC Streets; NYPD Powerless... 3
People Stabbed On NYC Subway Platform... Basketball
Coach Shoots Attackers...
(WXYZ) - Police sources tell 7 Action News that a women's basketball
coach from Martin Luther King, Jr. Senior High School shot two men who attacked
him as he was walking two basketball players to their cars in the school
parking lot.CLICK HERE FOR THE LATEST
UPDATES Police sources say the coach was walking the two girls
to their cars when two men allegedly approached and one pulled out a gun and
grabbed him by his chain necklace. The coach then pulled out his gun and shot
both of them, according to sources.The man who shot the attackers was 70 years
old, according to police. One of the attackers was found dead in the median on
Lafayette Boulevard, and the other was taken to a local hospital, according to
police sources. We've learned that both of the men had attended the high
school, and one had been recently expelled. Read more: http://www.wxyz.com/dpp/news/man-shot-near-martin-luther-king-jr-high-school-in-detroit#ixzz2K4VUwpF9 CBO: Obamacare will cost 7 million workers healthcare coverage... Gas
prices hit all-time record high for early Feb... 8,830,026:
Americans on Disability Hits New Record... Sheriff
Joe's credit-card info stolen, used at Chicago grocery store...
http://albertpeia.com/stockmarketcrashineurope.htm
http://albertpeia.com/moneyprintingwarfare.htm
{AP1-23-13: No! I didn’t watch the monkey bowl nigger
show at half-time, and only parts of this year’s monkey bowl. Wow! San franny,
on their fanny, should give former san fran mayor, venalla feinstein a call to
send in the big guns before she bans them. Whoops…need to break the momentum of
rival of niggertown favorite, san fran so power outage in niggertown new
orleans…definitely hurricane katrina’s fault…riiiiight …better give nigger ray
nagin a call to get things back up and runnin’…whoops, no can do – nigger ray’s
just been indicted ( http://www.nola.com/crime/index.ssf/2013/01/a_breakdown_of_the_payments_to.html ) …Besides, this is a great way to level
the playing field for the hometown nigger purse-snatchers…you know, lights out
and all. Actually, I truly am rooting for the ravens, but not much…reason? To
thwart this year’s egregious wall street fraudulent, manipulated ‘january
effect’ superstition; viz., an AFL team nigger bowl win means according to
mental case wall street superstition, bear market/bad stock market (actually,
‘sell now before may and go away’ is the apposite axiom regardless who wins).
This is the last monkey bowl I’ll be watching even part of. If you’re rooting
for san Francisco, be sure to where some flowers in your hair. This was the
sh**iest monkey bowl I’ve ever seen even a part of! }
AP Business
Highlights ...Yahoo Market
Update…
Metal News for the Day
2-06-13 Insiders now aggressively bearish Marketwatch
Submitted by Tyler
Durden on 02/06/2013
“Facts
do not cease to exist because they are ignored.” – Aldous Huxley
The entire system is corrupt to its core. Both political
parties, regulatory agencies, Wall Street, the Federal Reserve, and mainstream
media are participants in this enormous fraud. They grow more desperate and
bold by the day. The lies, misinformation and propaganda being spewed on a
daily basis become more outrageous and audacious. They are using the Big Lie
method on a grand scale. They frantically need to lure the muppets into the
stock market and the housing market to keep the game going a little longer. You
can sense we are reaching a tipping point. The system they have created is mathematically unsustainable.
Therefore, it will not be sustained.
Dave’s
Daily: http://www.etfdigest.com ‘MARKETS TREADING WATER 2-6-13 We've seen
some great bullish returns from equities over the past month. It may be time
for markets to take a breather and consolidate. Nevertheless, the primary
stimulus for growth remains Fed QE to the tune of
$85 billion per month. This liquidity has done what it’s intended to do—push
stock prices higher. This is in contradiction to the Fed’s announced intent
(relieve unemployment & stimulate economic growth) but they “wink wink”
know higher stock prices are the immediate result of these policies. It’s quite
foolish to fight this tsunami of liquidity. You can sit out the dance if you
choose and rage at the machine from the sidelines (and many are) but shorting
probably will cause you some pain.That said, eventually like anything else, it
will eventually end or even become tiresome and lose its impact.To discover
trend exhaustion there are some useful technical indicators and “tells” that
still “may” work. Tom DeMark has many useful ways of spotting trend exhaustion
with his systems. These can be wrong like many such indicators and perhaps now
is one of those times. For our subscribers we’ve been using the DeMark weekly
sequential 9 counts to help us find useful “exhaustion” points. We raised
some cash recently with weekly chart views on the Russell 2000 Index
($RUT) as shown below:
http://albertpeia.com/daveschart20613.jpg
Thus far, and still with half the position intact, we’re
a little behind the current price. (Weekly chart doesn’t reflect 2/6/2013 data
yet.)Another trend we’re watching closely is what’s happening with high yield
bonds (HYG) for example. Junk bonds have been tracking the stock market well.
So this can be a tell showing some
divergence is developing between the two sectors as demonstrated by the daily chart view below. Note the previous
lows occurred during the “fiscal cliff” stress which correlated well with stock
price movements then. But now we see separation which is more than just a
little interesting to me.
http://albertpeia.com/daveschart20613no2.jpg
All things considered we’re about 35% in cash in our lead
trading portfolio. That leaves us lagging slightly performance as cash is a
drag when stocks are in rally mode. If you’re a true believer in QEternity,
meaning stocks will rally until the liquidity stops, then you should be in a
Lazy portfolio of which we have six currently.As indicated, stocks rested on
Wednesday since there was little news beyond more QE. (The phrase of the day
was stocks “eked-out gains”.) It’s reported that 75% of S&P 500 stocks are
beating earnings expectations. Pardon my cynicism, but this is the game played
during every earnings season. It’s the tango danced between corporate CFOs and
the analysts’ covering the stocks. They give poor hand wringing guidance, then
analysts will lower expectations and “presto!” there are beats. Stocks then
rally, CEOs get pats on the back and more potential bonus money.There was
little in the way of leadership in markets Wednesday as no sector stood
out.Remember with lower volume and HFTs ubiquitous there’s little the algos
have to worry about especially since they generally close shop the end of each
day. Looming in the future is the so-called congressional “sequester” which is
just a couple of weeks away. There’s a political scramble to extend it and
current pols are wondering why they even instituted it. Volume as I’ve been
indicating is back to 2006 levels and showed that again Wednesday. Breadth per
the WSJ was positive…’
http://theeconomiccollapseblog.com
http://albertpeia.com/bankforinternationalsettlementscontrolsthemoney.htm
These Guys “Made”
2% of Their Country’s GDP Last Year
February 6, 2013 http://gainspainscapital.com http://albertpeia.com/2percenters.htm { I include this here because I’m against
the lie and failed system of communism (China’s gains have been ‘capitalist’)
which invites corruption by way of powerful, entrenched bureaucracies of for
the most part relatively untalented, unproductive people; much like the
pervasively corrupt america today that I have observed closely and directly
experienced http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm … then as well, there’s the wars, huge
protected (ie., wall street, etc.) frauds, etcetera..}
The
White House is "Judge, Jury and Executioner" of Both Drone and
Cyber-Attacks Posted by : George Washington Post date: 02/05/2013 Bush and Obama Have Set Us Back 800 Years
Too
Scared To Jail: Untouchable Banks
http://www.wealthdaily.com FEB 06 - ADAM
ENGLISH Department of
(In)Justice We're all second class citizens when the Department of Justice
refuses to enforce the law. It's "too big to jail" that comes out on
top... Read
More...
Submitted by Tyler
Durden on 02/06/2013
While Japan's recent attempt to
massively reflate and break out of its "liquidity trap" - an
artificial construct to explain what happens when an artificial model, created
by a flawed and artificial economic theory explodes in a singularity of Econ
PhD idiocy leaving billions of impoverished people in its wake, is nothing new,
there are those who are rather skeptical this latest attempt to achieve what
Japan has not been able to do in over 30 years will work. And while one can
come up with complicated, expansive, verbose theories based on Keynesian DSGE
models and other such gibberish, why this time will be different for Japan,
there is a very quick and simple argument why it won't.
Submitted by Tyler
Durden on 02/06/2013
Compared to previous V-shaped
recoveries, this one is not looking too rosy. From consumption to GDP, and from
retail sales to consumer sentiment, the following charts show how we are doing
in context. So, the next time someone on TV tells you how great we are doing, perhaps a glance at these charts will flush some of the
recency bias away . There is one bright shining 'better than any other
recovery' segment though... one that is dominated by record
levels of stuffed
channels - can you guess?
Submitted by Tyler
Durden on 02/06/2013
The US equity market continues to boldly
go where no other market is willing to go (Dow outperforming EuroStoxx by
850bps this year) . European stocks and bonds (+30-45bps) are down notably
on the week (and year in some cases); Treasury yields are 4-6bps lower on the
week; the USD is up 0.6% (as EUR bleeds a little lower into tomorrow's ECB);
and Gold is up 0.6% (oddly with the USD) on the week; but US equities are
unchanged with Staples and Industrials holding gains on the week. Today saw credit markets and treasuries pushing notably
risk-off as stocks oscillated around unch on the week - pushing to the day's
highs into the close on the back of yet another vol-selling ramp . Equity volume
was average and trade size was lower than average as cash S&P and Dow
managed small gains and Nasdaq a small loss as AAPL gave back its 'buyback
rumor' gains. We've seen this EUR-USA disconnect before...
Submitted by Tyler
Durden on 02/06/2013
The most vocal justification provided
for the disappointing Q4 GDP print by the mainstream was an increase in US
government "austerity" resulting in a decline in the government
contribution to the economic bottom line in the last quarter (or first fiscal quarter
of 2013). Ironically, both total spending and total debt issuance in the past
quarter increased, which means that far from being austere, the US actually
spent more , not less , i.e., the opposite of austerity.
And while it is true that Defense spending declined by a tiny amount in the
past quarter compared to the year ago, it was more than offset by a surge in
Medicare and Medicaid, as well as Social Security, or, as they are better
known, welfare . And, as the
CBO yesterday showed, these two components of US spending, which together
account for half of all US spending and which couldn't be funded by all US
revenues even if the government spent $0.00 for all other programs, which will soar
in the coming years as US society ages, as more workers retire, and as more are
reliant on Uncle Sam for the payment of every bill. So the next time someone
say that the US has a defense spending problem and nothing else, show them this
chart.
Submitted by Tyler
Durden on 02/06/2013
Presented with little comment aside from
noting that the only time stocks have been this 'euphoric' was right before the
collapse in 2000 and right before the collapse in 2008.
Submitted by Tyler
Durden on 02/06/2013
Yesterday we
had our 15 minutes of fun with the CBO's latest budget forecast, which,
while wrong as always, provided the mainstream media with its dose of
propaganda optimism, by "forecasting" that the baseline 2013 budget
deficit will be some $845 billion, well below the $1+ trillion deficit in 2012
(and quite a bit above the CBO's last year 2013 deficit forecast of $585
billion). It will be higher. And we know that not only because the CBO is a
complete and utter failure when it comes to predicting the future (which as
Rajoy would say would be "just as forecast, except for everything that does happen"),
but because earlier today the Primary Dealers that make up the Treasury
Borrowing Advisory Committee (a topic we
have written extensively about in the past), released their own 2013
budget deficit forecast. The picture there is far less optimistic: the median
estimate is some $929 billion, however it is the upside range that is where
reality lies, and this number is, according to the likes of Goldman and JPM
(who head the TBAC) as well as the 18 other Primary Dealers, as high as $1.037 tr illion.
Submitted by Tyler
Durden on 02/06/2013
Some phrases are endowed with
immediately recognizable symbolism. When we hear them, we instantly know
who and what the phrases are referring to, and can even gain a greater depth of
understanding to a particular situation just by applying them. Throughout
history there have always been people who were right, and usually a “majority”
that were wrong, on any single issue. Defenders of institutionalized ignorance argue
constantly that truth is “relative”, and that they should not be criticized for
having their own "opinions". They use this relativism as a cover for their unwillingness to admit a lack of knowledge . What they
fail to understand is that their “opinions” were never theirs to hold.
What they believe has merely been conditioned into them. They are willing to
embrace the system no matter how unjust , because their entire identity is
predicated on its continued existence. We call them sheeple... Sheeple are puppets in the game of
political reconstruction, and their job is to cheerlead the establishment and
to drown out all honest voices.
Submitted by Tyler
Durden on 02/06/2013
Both the recent increase in interest
rates and renewed questions about the duration of QE3, sparked by the release
of the December FOMC minutes, have raised concerns about a 'Great Rotation' out
of credit and into stocks. Barclays notes that the story goes something like
this: negative total returns in fixed income and increasing equity prices will
drive investors to sell the fixed income assets they have accumulated over the
past several years and buy stocks. This “Great Rotation” will force
investment grade corporate spreads wider. However, in nearly 100 years of data, Barclays finds no evidence of a
period when rates rose, spreads widened, and equity returns were positive . Risky assets
are generally correlated. The few times that higher rates were accompanied by
wider spreads happened in the 1970s and early 1980s, when inflation was
accelerating. In each of these periods, equity prices fell sharply . As we have been warning, credit
spread deterioration has tended to front-run equity weakness (with some
false positives) but never with the divergence remaining consistent as a
'rotation' would suggest.
Submitted by Tyler
Durden on 02/06/2013
We had to reread this DOJ
statement on today's RBS wristslap twice, as the hypocrisy was
literally mind-blowing: “ As
we have done with Barclays and UBS, we are today holding RBS accountable for a stunning
abuse of trust , ” said Assistant Attorney General Breuer . “The
bank has admitted to manipulating one of the cornerstone benchmark interest
rates in our global financial system, and its Japanese subsidiary has agreed to
plead guilty to felony wire fraud. The department’s ongoing investigation
has now yielded two guilty pleas by significant financial institutions.
These are extraordinary results, and our investigation is far from
finished. Our message is
clear: no financial institution is above the law. ” Too
Scared To Jail: Untouchable Banks
http://www.wealthdaily.com FEB 06 - ADAM
ENGLISH Department of
(In)Justice We're all second class citizens when the Department of Justice
refuses to enforce the law. It's "too big to jail" that comes out on
top... Read
More...
Submitted by Tyler
Durden on 02/06/2013
Conjuring Kyle
Bass' recent explanation of the massive surge in the nominal price of the
Zimbabwean stock market enabling the purchase of only 3 eggs, much is being made
of the surge in Japan's Nikkei index (overnight up ~3.8% and the last few
months). It would appear that, as
we noted recently , the world forgets (quite readily) that 'real' and
'nominal' returns are quite different. With JPY collapsing at its fastest rate
in a decade (relative to fiat and hard currency) to 33-month lows, is it any
wonder that the nominal price of the stocks that represent the nation are
surging to keep their 'value'. In
nominal terms, NKY is at its highest since 2008; in real (gold) terms, it is
laboring at its lowest since 1984 - which do you trust to judge your wealth?
Submitted by Tyler
Durden on 02/06/2013
When it comes to estimates of China's
growth rate, we could go with the local politburo propaganda which even China
itself has admitted
is goalseeked worthless drivel fit "only for reference", or
we could listen to a megacap CEO, who actually is on the ground and whose
business model depends on accurately predicting the underlying economic reality
of the world's biggest nation. We chose the latter, in which case we now know that China's 2012 GDP growth was only 3-4%, half the
reported 7.8%.
Submitted by Tyler
Durden on 02/06/2013
Tunisian
opposition politician shot dead, protests erupt ( Reuters )
China says
extremely concerned after latest North Korea threats ( Reuters )
Postal Service
to cut Saturday mail to trim costs ( AP )
Debt Rise
Colors Budget Talks ( WSJ )
Obama proposes
short-term budget fix, Republicans swiftly object ( Reuters )
S&P Analyst
Joked of Bringing Down the House Before Crash ( BBG )
Dell’s Bigger
Challenge Ahead in Turnaround After Buyout ( BBG )
Some of the
Mark Carney Gloss Is Coming Off ( WSJ )
Japan Official
Says BOJ Tools Sufficient as Shake-Up Looms ( BBG )
S&P Lawsuit
Undermined by SEC Rules That Impede Competition ( BBG )
Heavy Clashes
Erupt in Syrian Capital ( WSJ )
AP Business
Highlights ...Yahoo Market
Update…
Metal News for the Day
8,583 Dead
Americans http://www.wealthdaily.com Jeff Siegel America's Gun Violence Problem is NOT Gunshttp://albertpeia.com/usgunviolenceproblemisnotguns.htm
Drudgereport: CHICAGOLAND:
Police To No Longer Respond Immediately To Burglaries, Car Thefts... Flash
Mobs Turning Into Epidemic On NYC Streets; NYPD Powerless... 3
People Stabbed On NYC Subway Platform... Basketball
Coach Shoots Attackers...
(WXYZ) - Police sources tell 7 Action News that a women's basketball
coach from Martin Luther King, Jr. Senior High School shot two men who attacked
him as he was walking two basketball players to their cars in the school
parking lot.CLICK HERE FOR THE LATEST UPDATES Police sources
say the coach was walking the two girls to their cars when two men allegedly
approached and one pulled out a gun and grabbed him by his chain necklace. The
coach then pulled out his gun and shot both of them, according to sources.The
man who shot the attackers was 70 years old, according to police. One of the
attackers was found dead in the median on Lafayette Boulevard, and the other
was taken to a local hospital, according to police sources. We've learned that
both of the men had attended the high school, and one had been recently
expelled. Read more: http://www.wxyz.com/dpp/news/man-shot-near-martin-luther-king-jr-high-school-in-detroit#ixzz2K4VUwpF9 CBO: Obamacare will cost 7 million workers healthcare coverage... Gas prices
hit all-time record high for early Feb... 8,830,026:
Americans on Disability Hits New Record... Sheriff
Joe's credit-card info stolen, used at Chicago grocery store...
2-05-13
Dave’s Daily: http://www.etfdigest.com ‘BULLS REMAIN DETERMINED 2-5-13 There wasn’t much news Tuesday to ignite a rally but bulls are still
flying with the Fed
the wind beneath their wings. Yesterday’s sell-off
was left in the rear view mirror as every opportunity to buy a dip remains the
order of the day. Sure there were more earnings which were well-received, like
better than expected results from Archer Daniels Midland (ADM), while YUM Brands
(YUM) results disappointed but were quickly shrugged off. Even a significant
lawsuit by the government on McGraw Hill (MHP) for S&P’s ratings
malfeasance during the financial crisis didn’t deter bulls or the financial
(XLF) sector very much. The overall rally was still U.S. centric with Europe
(IEV) and Emerging Markets (EEM) lagging.Dell (DELL) took the company private
with financing by Michael Dell and some investment from Microsoft (MSFT). This
may mean some new joint venture product development one would think. The market
is driven by money printing liquidity and little else. Italian and Spanish
problems were mere speed bumps and buying opportunities it seems. The dollar
(UUP) was flat as was gold (GLD). Commodities (DBC) overall were modestly
higher along with energy (USO). Bonds (TLT) reversed course and fell despite
all the Fed buying. Volume was disappointingly low for a comeback day like
Tuesday. Breadth per the WSJ was quite positive…’
February 5, 2013 http://gainspainscapital.com
http://albertpeia.com/useusystemiccorruption.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/riseoftherobots.htm
Submitted by Tyler
Durden on 02/05/2013
Following a brief infomercial for
Gordian Group's apparent skills in bringing dough-makers and yeast-cooking
perfection to the table - arguing that they are here to preserve jobs (for
skilled workers who have been apparently working for below-market
wages ) - and maximizing value for the Bakery Union; Peter Kaufman stops the
pretense of helping and goes straight for the threat. "We are here to work
with credible bidders to get started right away with a great work-force; on the
other hand, if bidders don't want to
work with us (and re-hire Hostess employees), the union will ask the AFL-CIO to
put any Hostess product on its 'boycott product' list. " But
" we're here to help ," he reminds the somewhat stunned CNBC anchor. It seems
beggars are once again choosers... as the entitled roll on.
Submitted by Tyler
Durden on 02/05/2013
Profits and leverage are locked in a
deadly embrace. There is a time-honoured tradition in statistics:
whipping the data until they confess. Bullish and bearish equity analysts are
equally guilty of this practice. It would seem that statistical conclusions are
merely an ex-post justification of a long-held prior belief about equity
markets being cheap or overpriced. Clearly, consensus, notably among sellside analysts, is bullish . GLG's CIO
Jamil Baz presents the bullish view before discussing the bearish counterpoint
- consensus disregards leverage. In the short
term, it is clear that central
banks need to entertain the illusion of viable stock market valuations by pulling
rabbits from a hat. But as high-powered money reaches ever higher levels, the probability of
accidents looms large.
Submitted by Tyler
Durden on 02/05/2013
"I went through the January data
one last time with a fine tooth comb. I fail to see what got everyone so excited , beyond the
upward revisions to the back data. That only proves that productivity has been
weaker than initially thought. And the income from those upward job revisions
has probably already been spent. But as I highlighted yesterday, the broad-term trends are slowing down and doing so
discernibly ."
Submitted by Tyler
Durden on 02/05/2013
Much has been made of Europe's
impressive market performance last year (and ongoing this year) with its
strength yet another confirmation-bias proving indication that every US stock
dip should be bought. In recent days a few cracks in the armor of European invincibility have begun to
show as political and banking system fraud comes back top haunt along with
rising concerns and jawboning about the strength (or lack thereof) of the Euro.
With a somewhat split view of Thursday's ECB meeting (will Draghi cut to hold
EUR down for exports or hold to maintain the optics of a strong EURUSD meaning
a strong Europe), it is perhaps notable that the outlook for 2013's GDP growth
continues to sink. However, as the chart below so obviously highlights, expectations for earnings growth in Europe have massively
disconnected from macro fundamentals (just as in the US) as nominal
stock indices is all that matters anymore.
Submitted by Tyler
Durden on 02/05/2013
The Egyptian government is facing
potential collapse and a re-run of a revolution that has never really ended.
The economy is facing total collapse, and Qatari aid efforts will only go so
far. The first half of 2013 will produce only worse economic indicators and the
market will feed off of this. The regulatory environment in the meantime
remains uncertain at best, and much will depend on which group (or combination
of groups) comes out on top after the dust settles and if April elections
indeed proceed. If this turns out to be a successful power grab by radical
Salafi forces, it will not proceed without a great deal of bloodshed, and it
will destroy Egypt’s investment climate.
Submitted by Tyler
Durden on 02/05/2013
Back in 2007, at the peak of the credit
and housing bubble, Wall Street knew very well the securitization (and every
other) party was ending, which is why the internal names used for most of the
Collateralized Debt Obligations - securitized products designed to provide a
last dash trace of yield in a market in which all the upside had already been
taken out - sold to less sophisticated, primarily European, investors
were as follows : " Subprime
Meltdown ," " Hitman ," " Nuclear Holocaust ," " Mike Tyson's Punchout ," and,
naturally, " Shitbag ." Yet
even in the last days of the bubble, Wall Street had a certain integrity - it
sold securitized products collateralized by houses, which as S&P, and
certainly Moody's, will attest were expected to never drop in price again. But
one thing that was hardly ever sold even in the peak days of the 2007 credit
bubble were securitizations based on personal-loans, the reason being even back
then everyone's memory was still fresh with the recollection that it was precisely
personal-loan securitization that was at the core of the previous, and in some
ways worse, credit bubble - that of the late 1990s, which resulted with the
bankruptcy of Conseco Finance. Well, in a few short days, those stalwarts of
suicidal financial innovation Fortress and AIG, are about to unleash on the
market (or at least those who invest other people's money in the absolutely
worst possible trash to preserve their Wall Street careers while chasing a few
basis points of yield) the second coming of the very worst of the last two
credit bubbles.
Submitted by Tyler
Durden on 02/05/2013
S&P 500 (henceforth -
under the Un-Patriot Act - to be known as the Moodys & Fitch 500 at least
until such time as Moodys too downgrades the US) futures
scrambled up to fill yesterday's day-session gap-down open and then pressed on
to run stops to new highs. The Dow did not make new highs - but managed a third
day in a row of greater-than-100 point swings and tested back above the magic
14,000 level. Credit markets were
absolutely not buying it. VIX was not playing along either
(though did compress). Treasury yields rose but nothing on par with stock's
surge. The USD fall very modestly - not supportive of stocks. And sure enough, after running those highs, S&P 500 futures cracked
back lower into the close with the Dow losing 14,000 . A gain of
around 0.8 to 1% on the day for stocks with reasonable volume as early haters
like JCP and AAPL surged handily on the day by the close. The S&P 500 ended the day recoupling perfectly with
Gold on the week...
Submitted by Tyler
Durden on 02/05/2013
We have not been shy about exposing the massive (and unsustainable)
bubble of credit being blown into the economy via Student Loans from the
government. We have not been afraid to note the dramatic
rise in delinquencies among these loans - and the implications for the
government. However, as Bloomberg reports, it appears the impact of this
exuberance has come back to bite the colleges themselves. In what can only be
described as a vendor-financing model , the so-called
Perkins loans (for students with extraordinary financial hardships) have seen defaults surging more than 20% . The vicious
circle, though, has begun as the ponzi of using these revolving loan
funds to 'fund' the next round of students is collapsing thanks to the rise in
delinquencies . Schools such as Yale, Penn, and George Washington are
becoming very aggressive at going after delinquent student borrowers. While
financially hard-up graduates complain of no jobs, the schools are not
impressed: "You could take a job at Subway or wherever to pay
the bills ... It seems like basic responsibility to me, " but
perhaps that is the point - avoiding
responsibility is seemingly rewarded in the new normal.
Submitted by Tyler
Durden on 02/05/2013
While every central banker and
policy-leech spews forth the government-supplied statistics on inflation -
noting that all is well, carry on - we
recently pointed out that Gas Prices are their highest ever for this time of
year . Of course, the standard supply constraints (or technical) reasoning was
applied to dismiss this as transitory (even though it has continued to rise
since); but what is perhaps more worrisome is the broad-based nature of the real
inflation that is leaking into our global supply chain. The 24-commodity heavy S&P GSCI index (widely
recognized as a leading measure of general price movements and inflation in the
world economy) has never been as high in
early February as it is currently - ever . And with global growth
stagnating at best, it seems a tough call to blame 'recovery' for this
inflating ( fastest pace in 8 years ) raw material
price leaking cost-push inflation (and margin-compression) into the real
economy.
Submitted by Tyler
Durden on 02/05/2013 { Retaliation
and chilling objective analysis are corrupt holder’s corrupt goals! } We urge readers
to do a word search for "Moody's" in the official department of
justice release below. Here are the highlights:
DOJ COMPLAINT ALLEGES S&P LIED ABOUT ITS OBJECTIVITY - when it
downgraded the US? HOLDER SAYS S&P'S ACTIONS CAUSED
`BILLIONS' IN LOSSES - did Moody's actions, profiled
previously here , which happens to be a major holding of one Warren
Buffett, cause billions in profits? HOLDER SAYS `NO CONNECTION' BETWEEN
S&P SUIT, U.S. DOWNGRADE - just brilliant
Pure pathetic political posturing,
because it was the rating agencies, whose complicity and conflicts of interest everyone
knew about , who were responsible for the financial crisis. Not Alan
Greenspan, not Ben Bernanke, and certainly not Wall Street which made tens of
billions in profits selling CDOs to idiots in Europe and Asia. Of course, the
US consumer who had a gun held against their head when they were buying
McMansions with no money down and no future cash flow is not even mentioned.
Submitted by Tyler
Durden on 02/05/2013
It is only logical that the catalyst
that has pushed the entire market higher, that would be the "all
critical" Spanish Service PMI which soared very credibly a few short
hours ago, would be doubled down when its US cousin came out. Sure enough,
moments ago the Institute
for Supply Management revealed that the February non-manufacturing ISM
declined from 55.7 to 55.2, but was just above the expected 55.0, which was
enough to send the headline scanners into full blown liftathon mode and the
S&P to intraday highs. Ignored was that the key New Orders series actually
declined from 58.3 to 54.4, yet offset by a jump in Employment from 55.3 to
57.5. What was amusing was the jump in New Export Orders to 55.5 from a
contractionary reading. We can't wait to learn just whom the US is exporting
its mission critical services to these days. Finally, and perhaps most
relevant, was one of the healtcare related respondents who said the truth, the
whole truth and nothing but the truth on the issue of Obamacare: "Healthcare reform causing continued slowdown and
less investment ." That's only the beginning.
Submitted by Tyler
Durden on 02/05/2013
Obama to meet
with Goldman's Blankfein, other CEOs Tuesday ( Reuters )
Chinese Firms
Shrug at Rising Debt ( WSJ )
McGraw-Hill,
S&P Sued by U.S. Over Mortgage-Bond Ratings ( BBG )... but not
Moody's or Fitch
Dime a Dozen:
Dollar Stores Pinched by Rapid Expansion ( WSJ )
Dell Board Said
to Vote Monday Night on $24 Billion LBO ( BBG )
BOJ Governor
Shirakawa to step down on March 19 ( Reuters )
Alberta may
offer more to smooth way for Keystone ( Reuters )
Facebook Is
Said to Create Mobile Location-Tracking App ( BBG )
Barclays takes
another $1.6 billion hit for mis-selling ( Reuters )
Apple App
Advantage Eroded as Google Narrows IPhone Lead ( BBG )
Texas
School-Finance System Unconstitutional, Judge Rules ( BBG )
World Risks
‘Perfect Storm’ on Capital Flows, Carstens Says ( BBG )
2-04-13
Dave’s Daily: http://www.etfdigest.com ‘BEARING WITNESS TO CURRENT EVENTS 2-4-13 Before getting into the meat of conditions today it should be noted soon
the format for Dave’s Daily will change from just a market summary to something
more action focused.There would have to be some triggering events stampeding
the herd. We got that spark from the eurozone Monday from both Spain and Italy.
In Spain Prime Minister Rajoy was accused of taking a bribe and in Italy bank
fraud is widely suspected as is a possible second coming of Berlusconi. This
sank stocks there and in the U.S. I posted a weekly chart of each ETF, Spain (EWP) & Italy (EWI) with
DeMark weekly sequential counts where a 9 would indicate an exit from our
trading strategy. (The weekly charts below don’t reflect Monday’s steep
declines yet.)
http://albertpeia.com/daveschart20413.gif http://albertpeia.com/daveschart20413no2.gif Moodys (MCO) fell in sympathy which hurt the financial (XLF) sector. The
biggest losing sectors on the day were those with the highest volatility (beta)
tech and (QQQ) and small caps (IWM).It doesn’t take much to stampede an
overbought market. Selling was widespread and volume naturally rose on selling
as trailing stops were hit. The dollar (UUP) was higher on a flight to safety
while risk assets were back in favor like gold (GLD) once again out of sync
with the typical dollar relationship.For our part we raised cash up to 35% of
our primary trading portfolio as markets appeared primed for some corrective
action. Clearly you can’t see indexes move along at a 5% monthly clip like we were
back in dotcom days. And sure, the Fed remains busy adding liquidity to markets
meaning there should be some dip buying at some point.Volume did pick up some
on selling and breadth per the WSJ negative…’
http://endoftheamericandream.com
http://albertpeia.com/stockmarketcrashineurope.htm
February 4, 2013 http://gainspainscapital.com
http://albertpeia.com/moneyprintingwarfare.htm
{AP1-23-13: No! I didn’t watch the monkey bowl nigger
show at half-time, and only parts of this year’s monkey bowl. Wow! San franny,
on their fanny, should give former san fran mayor, venalla feinstein a call to
send in the big guns before she bans them. Whoops…need to break the momentum of
rival of niggertown favorite, san fran so power outage in niggertown new
orleans…definitely hurricane katrina’s fault…riiiiight …better give nigger ray
nagin a call to get things back up and runnin’…whoops, no can do – nigger ray’s
just been indicted ( http://www.nola.com/crime/index.ssf/2013/01/a_breakdown_of_the_payments_to.html ) …Besides, this is a great way to level
the playing field for the hometown nigger purse-snatchers…you know, lights out
and all. Actually, I truly am rooting for the ravens, but not much…reason? To
thwart this year’s egregious wall street fraudulent, manipulated ‘january
effect’ superstition; viz., an AFL team nigger bowl win means according to
mental case wall street superstition, bear market/bad stock market (actually,
‘sell now before may and go away’ is the apposite axiom regardless who wins).
This is the last monkey bowl I’ll be watching even part of. If you’re rooting
for san Francisco, be sure to where some flowers in your hair. This was the
sh**iest monkey bowl I’ve ever seen even a part of! }
Submitted by Tyler
Durden on 02/04/2013
Following our earlier discussion of the
echo-boom in housing, David Stockman appeared on Yahoo's
Daily Ticker with Lauren Lyster to pour come much-needed cold water
'reality' onto the hopes of an increasingly sheep-like investing public.
Homebuilder stocks up 100%-plus simply reflects that "we are in
a bubble once again." The former CBO Director added that
"in a world of medicated money by the central bank, things aren't what
they appear to be," as he explained there is "no real
organic sustainable recovery."
Submitted by Tyler
Durden on 02/04/2013
In the same way as any and every
risk-asset in the world, the price of yield-providing CMBS (commercial mortgage
backed securities) have risen to post-crisis highs in the last few months.
These are some of the epicentric deals from the crisis that now trade close to
par once again. However, the last month or so has not seen CMBS
prices push higher with stocks and it appears, as the FT notes, that
the reason is becoming clear in the post-holiday-shopping period. CMBS cash-flow
streams are set to drop considerably as up to 15 per cent of the country’s
suburban retail centres forecast to close over the next five years in the face
of online competition . Retail is regarded as an especially risky component of
CMBS as a mall can go downhill if an important tenant shuts its store because
other tenants are usually able to renegotiate their leases if a traffic-driving
anchor tenant leaves. That can have severe consequences for CMBS exposed to
the mortgage on the property.
Submitted by Tyler
Durden on 02/04/2013
It was just a matter of time before the most
powerful crony capitalist bank in America decided to join the housing
trade. Making money running
the food stamp program just wasn’t enough for Your Crony Highness Jamie Dimon
and company, it’s time to join his financial oligarch brothers in the bidding
war to corner the housing market and become your overlord. That way they
can control how you eat (food stamps) and where you sleep. It’s become
very clear what the large financial interests in these United States are
attempting. Funnel all the low interest crony American money, with a
dash of Chinese
laundered money , into the “housing recovery.”
Submitted by Tyler
Durden on 02/04/2013
Earlier today the US Treasury released
its latest
Borrowing Estimates for Q1 and Q2 of calendar 2013. In brief: in the ended
quarter, the Treasury borrowed some $297 billion, $9 billion more than the $288
billion previously predicted. One reason for this miss is the build up of cash
in the quarter which ended at $93 billion instead of the $60 billion initially
expected. However the extra cash buffer will be used in Q1, in which Treasury
now expects to burn some $63 billion instead of the $30 billion forecast
before, ending the quarter with $30 billion in cash. To get there, Treasury will
need to raise some $331 billion in debt in January through March , just shy of
the prior estimate of $342 billion in funding need in this quarter. And since
the US debt to the penny counter has been stopped since the debt ceiling
breach, and is still at the December 31, 2012 debt limit of $16.432 billion,
this means we now know, approximately, that US debt on March 31, 2013 will be $16,763,730,050,569.10 , give or take
a dime, or said otherwise, assuming a generous 1% sequential growth in Q1 GDP,
a 105% debt/GDP in two months.
Submitted by Tyler
Durden on 02/04/2013
Lanny Breuer, the Assistant Attorney
General who
claimed that prosecuting banks for crimes poses a risk to the financial secto r and so
corrupt bankers are “ too
big to jail ” has lost
his job . But the man who put him there, and who is ultimately
responsible for the policy — the Attorney General himself — is
here to stay . Fundamentally, Obama’s continued support for Holder
illustrates that Obama is still committed to the policy of holding financiers
to a lesser standard of justice than other citizens. The big banks
continue to ride roughshod over the American people with the complicity of the
political class.
Submitted by Tyler
Durden on 02/04/2013
First Italian bank failures, then Greek
strikes, and now Spanish protests: Europe is back at square one where the only
thing fixed are the local football matches.
Submitted by Tyler
Durden on 02/04/2013
Egan-Jones may have been barred from
rating sovereigns for 18 months due to missing a comma here or there in its
NRSRO application (when everyone knows this was merely retribution for downgrading
the US ahead of all the other rating agencies), but now the time has come for
that other rating agency which dared to follow in EJ's footsteps and downgrade
the US of AmericaAA+ in August 2011 to be punished: Standard & Poors.
Moments ago we learned that federal and state prosecutors will five civil
charges against S&P for its mortgage bond ratings during the housing
crisis.
Submitted by Tyler
Durden on 02/04/2013
We warned
last week that European markets were beginning to show signs of
cracking. European stocks had surged on to new highs while credit markets had
decidedly not joined the liquidity-fueled exuberance. Sure enough a few days
later and Europe in general is weak, but Italy and Spain are under significant
pressure. The last four days have seen the biggest plunge in over six
months with the IBEX (Spain -5.7%) and Italy's MIB -6.7% . At the same
time, Europe's seemingly invincible OMT-promise-protected sovereign bond market
has started to underwhelm. Italian bond spreads are 32bps wider and Spain 28bps
wider - the biggest increase in risk in two months. Europe's VIX has surged
from 14.5% to almost 19% today in the last 4 days and even Greek
government bonds are losing their luster , -6.5% in the last few days.
Whether this is exacerbated by European leaders jawboning the strength of the
EUR down, or simply we hit the limit on reality amid Italian bank fraud,
Spanish political fraud, referenda votes, and macro- and micro- fundamentals snapping;
this is the worst performance in Europe in six months. It would seem
that if the tail-risks in Europe are starting to re-appear then at least one of
the legs of global equity exuberance is starting to break.
Submitted by Tyler
Durden on 02/04/2013
In the aftermath of Friday's mediocre
jobs report, and while we wait for the USDA to release the latest November
foodstamp update which will almost certainly print at a new record high, here
is yet another representation of a relationship we have shown on several
occasions previously, yet which is always entertaining, and shows just what
kind of "recovery" the US is undergoing. Presenting the indexed
change of payrolls (green line) and foodstamps recipients (red). No explanation
is necessary.
Frontrunning: February 4 Submitted by Tyler
Durden on 02/04/2013
Euro Tremors
Risk Market Respite on Spain-Italy, Banks ( Bloomberg )
Obama Says U.S.
Needs Revenue Along With Spending Cuts ( Bloomberg )
China
Regulators Moved to Restrain Lending ( WSJ )
Low Rates Force
Companies to Pour Cash Into Pensions ( WSJ )
JAL wants to
discuss 787 grounding compensation with Boeing ( Reuters )
Abe Shortens
List for BOJ Chief as Japan Faces Monetary Overhaul ( Bloomberg )
Monte Paschi
probe to widen as Italian election nears ( Reuters )
Hedge funds up
bets against Italy's Monte Paschi ( Reuters )
Spain's
opposition Socialists tell Rajoy to resign ( Reuters )
Electric cars
head toward another dead end ( Reuters )
BlackRock Sued
by Funds Over Securities Lending Fees ( Bloomberg )
Submitted by Tyler
Durden on 02/04/2013
Slowly things in Europe are starting to
go bump in the night again, with the EURUSD down some 150 pips from Friday's
multi-year 1.37 high, Spanish bond yields spiking 20 bps to over 5.41%, back over
the declining 50 DMA, Italian BTPs getting slammed up some 10 bps to 4.42%, as
both Spanish and Italian stocks are sharply down on the day, by 1.2% and 1.9%
respectively, following yet another Monte Paschi halt lower earlier in trading.
The reason goalseeked by the media for today's weakness is signs of upcoming
"political turmoil", namely the escalating Monte Paschi incident out
of Italy, which we have been following closely, as well as the Spanish graft
scandal, in which the ruling PP party and Mariano Rajoy have been implicated in
massive kickbacks, and which may cost Rajoy his leadership at
this pace . Of course, none of the data above is new, and neither is France's
Moscivi repeating for the second time in a week that the EUR has risen
far too high , and to call it catalytic is very naive, but it merely
goes to show how the manipulated market decides when and if to actually follow
the newsflow. As a result, US futures are pointing to a mildly lower opening,
which however may reverse quickly once today's $2.75-$3.5 billion POMO kicks
in. Of course, if the Italian political turmoil drags Draghi further into the
mud, all bets are suddenly off about Europe being "fixed."
Submitted by RANSquawk
Video on 02/04/2013
AP Business
Highlights ...Yahoo Market
Update…
Metal News for the Day
2-01-13 Dave’s Daily: http://www.etfdigest.com ‘ STARTING THE
MONTH WITH A BANG Most of the excitement Friday
revolved around economic data. The Employment Report (157K jobs added vs 185K
expected & prior revised to 196K from 168K) and the Unemployment Rate rose
(7.9% vs 7.7% expected & prior 7.8%). Within the data bulls focused on the
large higher revisions from December, November and March 2012. Those months
revealed a large add to new jobs. However, November and December would normally
be holiday oriented temp hires. Neglected by bulls was another
170K jobs were lost during the
month. But let’s not spoil the party with real data.There was indisputably good
data including: PMI Mfg Index (55.8 vs 55.5 expected & prior 54.00); ISM
Mfg Index (53.1 vs 50.7 expected & prior 50.7); U of Mich. Consumer
Sentiment (73.8 vs 71.5 expected & prior 71.3); and, Construction Spending
(.9% vs .8% expected & prior -.3%). The only fly in the ointment was the
disconnect between U of Mich. rising Consumer Sentiment and the Conference
Board’s plunging Consumer Confidence from Monday. Which to believe? I tend to
go with the Conference Board since the U of Mich. data is too heavily weighted
by stock prices.It probably matters little about data frankly since there’s
only one real actor in the market and that’s the Fed’s
QE program dishing out $85
billion a month to bulls. You should note, including the ECB member countries,
38 countries are now engaged in QE.The choice for traders Friday was to buy the
market. Are there any negatives as stocks soared Friday? There’s the debt ceiling
(sort of cancelled) and then the “sequester” (well, bulls have “time” to play).
Bad news this week like GDP, Jobless Claims, beating much weaker earnings,
Conference Board’s Consumer Confidence, Apple (AAPL) and rising interest rates
are just brushed off.If interest rates cause mortgage rates to rise that may
slow housing or could cause a sudden rush to buy from off the sidelines.The
dollar (UUP) was weaker while gold (GLD) was only modestly higher. Commodities
(DBC) were higher on the weaker dollar and higher energy prices (USO) and (UGA)
while base metals (DBB) also rose. Bonds (TLT) were weaker in price higher in
yield.Stocks rallied sharply and broadly with most sectors participating
relatively evenly. The headlines scream “Dow Closes Above 14,000 for the First
Time Since October 2007”. Missing from that line is the bear market that
followed.Volume, despite all the bullish hoopla, was still light as we revert
to perhaps the old normal volume from 2006. Breadth per the WSJ was quite
positive…’
http://theeconomiccollapseblog.com
http://albertpeia.com/medialyingaboutusunemployment.htm
http://thetruthwins.com
http://albertpeia.com/riseofthepreppers.htm
Big Ag
Subsidies http://www.wealthdaily.com FEB
01 - JEFF SIEGEL The Free Market is a Lie! Your tax
dollars are funding beef exports to Japan, industrial farms, and concentrated
animal feeding operations. Read More...
Tawana
Brawley served with court order to pay man she accused of rape in 1987
http://albertpeia.com/rememberingtawanabwana.htm
Submitted by Tyler
Durden on 02/01/2013 { Yeah … the stock markets worldwide have become huge
‘QE-fed’ scams/frauds that everyone else is or will be paying for in a very
big, deleterious way! }
Amid the euphoria of today's crossing of the Dow's Maginot Line at 14,000,
Kyle Bass provided a few minutes of sanity this morning in an interview with
CNBC's Gary Kaminsky. Bass starts by reflecting on the ongoing (and escalating)
money-printing ( or
balance sheet expansion as we noted here ) as the driver of stock movements
currently and would not be surprised to see them move higher still (given the
ongoing printing expected). However, he caveats that nominally bullish
statement with a critical point, "Zimbabwe's
stock market was the best performer this decade - but your entire portfolio now
buys you 3 eggs" as purchasing power is crushed. Investors, he says, are
"too focused on nominal prices" as the rate of growth of the monetary
base is destroying true wealth. Bass is convinced that cost-push inflation is
coming (as the velocity of money will move once psychology shifts) and investors must not take their eye off the insidious
nature of underlying inflation - no matter what we are told by the
government (as they will always lie when its critical). Own 'productive
assets', finance them at low fixed rates (thank you Ben), and finally, on HLF,
don't bet against Dan Loeb.
Submitted by Tyler
Durden on 02/01/2013
We previously explained the
obvious similarities (with stocks, bonds, and leveraged positions) with the
current period in the market and the end of 2010 and start of 2011
period. Much is once again being made of the 'flows' as $18.8bn (the 3rd
largest on record - since 1992) pushed into equities. Retail also bought
long-only equities for the fourth straight week ($2.7bn), and $12.2bn was added
via ETFs, but the significance of the flows
has triggered a "sell" signal for the traders at BofAML . The last time
such a sell-signal was triggered was, ironically, late January 2011 - which was
followed by an 8% correction. Their Global Flow Trading Rule (based on flows
breaking 0.5% of AUM) on average has led to a 5% correction in global stocks over the subsequent 4-5
weeks . Different, this time?
Submitted by Tyler
Durden on 02/01/2013
As you shuffle from cocktail party to
cocktail party and reminisce on holding NFLX all month and being short AAPL,
perhaps the following 'simple' table should be tucked in your pocket. Since
everyone is now a genius stock-picking market guru, sometimes seeing the forest for the trees in macro land is
useful... note, red is bad...
Submitted by Tyler
Durden on 02/01/2013
There were two quite notable pieces of
information in today's Committment of Traders weekly update: on one hand, the
net non-commercial spec position in VIX futures just plunged by 16,222
contracts to 104,284. This was just shy of the all time low net VIX spec
position hit in early December, and means bets that the VIX will continue
plunging lower will likely set a new record next week. It could also mean
that courtesy of the reflexivity of the market, in which the underlying is
driven by its synthetic derivative (for a detailed explanation of how that
works just ask Bruno Iskil and how massively mispriced various IG credits were
thanks to his whale trade in IG9), the VIX itself is being pushed around by the
VIX futures itself. That the dramatic move lower in the VIX futures began with
the appointment of Simon Potter as head of the NY Fed's trading desk is perhaps
not surprising.
Submitted by Tyler
Durden on 02/01/2013
Analysts who’ve only started paying
attention to the country in the last decade often seem convinced that China has no real business
cycle , or a very mild one, that because its economy is
centrally planned, it’s free from the fluctuations in investment that cause
booms and recessions in countries that lack the scientific guidance of a
Leninist single-party state. This convenient belief, however, is mostly an
artifact of the period over which they’ve been observing its economy. The boom
of the early 1990’s wasn’t followed by the usual bust. Instead, after a fairly
mild slowdown, another boom period began towards the end of the decade, without
the usual deep cyclical trough between expansions. However, this anomaly
suggests that it is unlikely to be repeated. We’re probably living, now, with a China that’s back to
the sort of violent swings in economic activity, and repeated struggles with
inflation, that have been characteristic of most of its recent history . To understand
why, it’s necessary to understand DeWeaver's explanation of the nature of the
cycle itself.
Submitted by Tyler
Durden on 02/01/2013
We have noted the similarities between
the current risk rally and previous years but Morgan Stanley's Laurence Mutkin
is "getting worried" that investors expect the second half of this
year to be different (and consistently bullish). Much of the current risk-on
rally around the world was sparked by Draghi's "whatever it takes"
moment theoretically reducing the downside tail-risk in Europe. Well, systemic risk in Europe is now at recent lows and just as in
1H12 and 1H 11, core yields are rising notably, peripheral spreads compressing,
money-market curves are steepening, and 2s5s10s cheapening. Of course, he
notes, 2013 is different from previous years (OMT for example) but much rests
on how ECB's Draghi responds to the recent (LTRO-repayment-driven) rise in
EONIA forwards. Albert Einstein reportedly said that insanity is doing the same thing over and over again and
expecting different results . Applying that to the European bond
market - for the third time running, the year has opened well but it would be insane to
expect a different outcome (than the typically bearish reversion) this time?
Submitted by Tyler
Durden on 02/01/2013
Projections by the Japanese government
indicate that if the current trend continues, the population of Japan will
decline from its current 127.5 million to 116.6 million in 2030, and 97 million
in 2050. This is truly astonishing and puts Japan
at the forefront of uncharted demographic territory; but it is territory that
many other industrial countries also are beginning to enter as well. Obviously,
only time will tell. But Japan
is faced with an unprecedented population challenge that will have social,
economic, and political consequences over the next century —consequences
that will not only affect Japan, but also influence Japan’s trading partners as
well as its political and military allies. There is, perhaps, no single
variable in the complex web of East Asian politics more uncertain in terms of
how it may influence future relations throughout the region than the fate of
Japan’s population.
Submitted by Tyler
Durden on 02/01/2013
It was the deep of winter... CNBC was
talking about "animal spirits", had just touted " the best January in 14 years ", was
quoting Raymond James' Jeff Saut as saying that " The market
"is amazingly resilient, and is no longer overbought " and
desperately doing everything it could to get retail back into stocks, and was
succeeding: retail inflows into stocks were surging and seemed
unstoppable ... The Chicago PMI had just printed at its highest
level in decades ... the VIX was dropping fast... Stocks were soaring...
Bonds were sliding... NYSE margin debt had just risen to the highest level
since 2008... A few brief months earlier the Fed had unleashed a new, massive
round of unsterilized bond buying... Bank of America was
blaring about the "great
rotation " for stocks, and yes - just shortly prior " global
currency warfare" had broken out.
Name the year?
Submitted by Tyler
Durden on 02/01/2013
While the close was not exactly bullish
(just look at HY credit, volatility, and homebuilders), the only thing that
matters is - Dow 14,000. The highest close since 10/12/2007. Since that time,
10Y Treasury yields have dropped from 4.68% to today's 2.03% - the first close
above 2.00% since early April 2012. Risk-assets spent the day catching up to equity's early lead and recoupled
into the close. Some modest after-hours weakness to the shine off an otherwise
exuberant day as Treasuries snapped lower in yield on NFP and spent the rest of
the day surging higher in yield to end the week +6 to 8bps. Silver gained 2% on
the week - beating stocks, as the USD dropped 0.7% (almost equal to Gold's
gain). With stocks unch from Oct 07, perhaps it is worth reflecting on Gas prices being up 58% since then... but
that would spoil the party... and by the way from 10/12/2007...Bonds +28.5%
Submitted by Tyler
Durden on 02/01/2013
This objective report concisely
summarizes important macro events over the past week. It is not geared to
push an agenda. Impartiality is necessary to avoid costly psychological
traps, which all investors are prone to, such as confirmation, conservatism,
and endowment biases.
Submitted by RANSquawk
Video on 02/01/2013 - 15:53
Submitted by Tyler
Durden on 02/01/2013
With Dow at 14,000 and rates rising,
those that need to take commissions and get their ratings up are seeing the
'conventional wisdom' seemingly proved right. However, Rick Santelli does not
see it quite as clearly. Bianco Research's James Bianco joins Santelli for what
they call 'mythbusting' as the two skeptics rightfully expose the unreality of
the 'fiscal cliff' fears , the untruth that is the 'Great Rotation' due to tax concerns
ahead of the fiscal cliff , and dismal performance of the Fed's failed forecast ranges . As extreme
monetary policy continues (crisis-mode) - seemingly in absolute opposition to
what the talking heads will say about jobs and the economy - Santelli and
Bianco conclude that "right now the market is not bothered by [the Fed
setting rates], but at some point it might be, Trust Capitalism" as they
reiterate the need for Market
Forces to be allowed to act. 3 minutes well spent.
Submitted by Tyler
Durden on 02/01/2013
While Q4 earnings are sagging notably
(as we
pointed out here - 8% lower than pre-earnings-season expectations ), the
incessant ratcheting down of the expectations as the season progresses enables
an ever-more-desperate sell-side to opine on the eventual 'beat' that evolves
from a lower and lower bar. As Morgan Stanley's Adam Parker notes, however, the
results have been massively top-heavy as
the largest 10 earnings beats have contributed over 90% of the S&P 500
uspide in aggregate earnings . MSFT and JPM alone account for 50%
of that beat . But with guidance plunging, Parker sees 2013 consensus
estimates of $112 massively out of line with reality.
Submitted by Tyler
Durden on 02/01/2013
While we can only hope the following
screed posted in an otherwise serious BusinessWeek , by David
Kemper, CEO of Commerce Bankshare, and more importantly, a former
president of the Federal Advisory Council of the Federal Reserve and thus
indicative of the kind of "advice" the Fed receives, is a joke we
have a very nagging feeling that the text below is actually serious. Which is
why instead of Friday humor, we have decided to err on the side of caution and
call this segment Friday tragicomedy. Because with a statement such as the
following: "Why not expand the
Fed balance sheet exponentially, from its current $3 trillion to $33
trillion... Would $30 trillion in extra buying power be inflationary
when our entire current GDP is only about $15 trillion? Maybe, maybe not—but we
need a game-changer here. First let’s celebrate the Fed’s record profits and
its contribution to reducing our deficit. Then let’s seize the moment to do
something truly grand: eliminate that stubborn deficit. We have the tools, and
I, for one, say let’s give it a try."... it shows that the idiotic
trillion dollar coin, Sheila
Bair's farcical suggestion to let every American borrow $10 million
from the Fed at zero rates, or even our
suggestion from a year ago that the government build a Death Star,
may appear as sheer genius in comparison to what else the Fed may be
considering, and implement , before all this is said and
done.
Submitted by Tyler
Durden on 02/01/2013
We first heard about this from a New
York Post article on the topic. Then we watched the video for
ourselves. It’ll make you want to defund the Department of Homeland
Security (DHS) immediately. While the whole “grab scissors” to defend
oneself during a mass shooting is pretty amusing, the more disturbing part is
that 90% of the video just consists of people on their knees in cubicles cowering in fear or running panicked
with their hands in the air. All the while police in black uniforms and
“assault weapons” race in to save the day! The
video is a great representation of how the DHS views the citizenry.
Feeble, helpless, pathetic little children. You’ve gotta watch it for
yourself!
Submitted by Tyler
Durden on 02/01/2013
One can stretch and spin the Q4 earnings
reality to suit their particular sales pitch, or one can look at the facts. And
the facts, as we first showed a week ago in " Q4
Earnings Season: Far Worse Than Most Suspect ", is that before the start
of Q4 earnings, the S&P 500 was expected to make $25.51 in earnings. Three
weeks later, after half the companies had reported, the number declined to
$24.03, with some $9.70 of actual reported earnings and the balance estimated.
Now, a week later, the latest revision shows even more deterioration in earnings,
which with 66% of companies my market cap reporting are now just $23.48, 8% lower than the estimate at the
start of earnings season, with under $10 of earnings left in
estimated EPS and the balance already in the books. As Goldman explains what
this means for earnings on a year over year basis: "Our interim revised 4Q
2012 EPS estimate is now $23.48 implying negative 1% growth versus 4Q 2011 ($23.73) ."
Submitted by Tyler
Durden on 02/01/2013
While the baffle with BS theme was strong earlier, when
the UMich consumer confidence soared, rejecting the plunge in the consumer
confidence tracked by the Conference Board, contrary to our expectations, the
manufacturing ISM did not do a "China", which last night was reported
to have grown and ungrown at the same time, did not drop to disprove
yesterday's Chicago PMI and instead soared to 53.1 from 50.2, well above the
expectations of a 50.7 print, and above the highest Wall Street estimate. This
was the biggest beat of expectations in 16 months, and was driven by virtually
every series rising except for Exports and Deliveries, but mostly by a surge in
Inventories, which soared from 43 to 51.
Submitted by Tyler
Durden on 02/01/2013
While it is enticing to fall for the same old trick of
reading the "quantitative", or headline, jobs data, driven entirely
by the Establishment Survey, which as the BLS itself showed today, is nothing
but mere noise based on seasonal adjustments and population estimates which is
revised at least once a year based on new and improved exit assumptions, below
we show the actual unvarnished truth contained in today's jobs reports. Recall
that in our pre-NFP
post we pointed out something critical: "an even more disturbing trend is
the conversion of America into a gerontocratic worker society, where the bulk
of jobs are handed out to those 55 and
over which puts all
young workers, not to mention college graduates, at a major disadvantage
relative to far more experienced older workers." And sure enough, a quick update
of the jobs by age-group change in January based on Household Survey data, the
same data that showed that the unemployment rate actually rose from 7.8% to
7.9% (to give Bernanke more runway for QEternity as we predicted in December)
shows that in the past month, 115,000 jobs were.... lost ?
Submitted by Tyler
Durden on 02/01/2013
The goldilocks economy continues as January nonfarm
payrolls number comes in right as expected, or 157,000, a tiny miss to
expectations of 165,000, down from the upwardly revised 196,000 (was 155,000
previously), leading to an unemployment rate of 7.9%, higher than the 7.8%
expected. The seasonal adjustment for January was in line with expectations, or
2.120 million, as the actual decline in jobs December to January was a whopping
2.84 million. The NSA Birth/Death adjustment subtracted some 314K jobs in January .
Submitted by Tyler
Durden on 02/01/2013
'London Whale'
Sounded an Alarm on Risky Bets ( WSJ )
Deadly Blast
Strikes U.S. Embassy in Turkey ( WSJ )
Abe Shortens
List for BOJ Chief as Japan Faces Monetary Overhaul ( BBG )
Endowment
Returns Fail to Keep Pace with College Spending ( BBG ) - More
student loans
Mexico rescue
workers search for survivors after Pemex blast kills 25 ( Reuters )
Lingering Bad
Debts Stifle Europe Recovery ( WSJ )
Peregrine
Founder Hit With 50 Years ( WSJ ) - there is
hope Corzine will get pardoned yet
Deutsche Bank
to Limit Immediate Bonuses to 300,000 Euros
France's
Hollande to visit Mali Saturday ( Reuters )
France, Africa
face tough Sahara phase of Mali war ( Reuters )
Barclays CEO refuses
bonus ( Barclays )
Edward Koch,
Brash New York Mayor During 1980s Boom, Dies at 88 ( BBG )
Samsung Doubles
Tablet PC Market Share Amid Apple’s Lead ( BBG )
Shocking
Numbers That Show The Media Is Lying To You About Unemployment In America
Michael
Snyder | Did you know that the percentage of the U.S. labor force that is
employed has continually been falling since 2006.
AP Business
Highlights ...Yahoo Market Update…
Metal News for the Day
1-31-13 Dave’s Daily: http://www.etfdigest.com ‘LIMPING TO JANUARY FINISH LINE 1-31-13 Wow! Two days of consecutive declines is a record for declines in January.
There was enough uncertainty in data to give bears an excuse to take some
profits before the big Employment Report Friday as February begins. Economic
data was plentiful to end the month. Challenger Job cuts were higher (40K vs
32K prior); Jobless Claims spiked (368K vs 350K expected & prior 330K);
Personal Income soared (2.6% vs .7% expected & prior .6% on bonuses and one
time dividends to beat higher taxes); Personal Spending missed and was lower
(.2% vs .3% expected & prior .4%); Employment Cost Index was as expected
(.5% vs .5% expected & prior . 4%); the important Chicago
PMI exploded higher (56.1 vs 50.1 expected & prior 51.6); and, lastly Bloomberg
Consumer Comfort Index fell (-37.5 vs prior -36.4).So good and bad news all
things considered. The labor news was negative with the Employment Report on
tap for Friday where 160K jobs are expected. At the same time, the “bad news is
good” theme continues meaning the Fed will continue to print money to
theoretically boost employment. But that’s not going to happen and is not the
intent—spiking stock prices is Fed job one. Earnings news featured Facebook
(FB) which fell sharply initially and then recovered as mobile ad sales grew
although headline earnings disappointed. Viacom (VIA) rep orted an earnings beat and the shares rose by roughly 2%. Qualcomm (QCOM)
reported good earnings and the stock rose over 4% affecting tech (XLK) overall
and networking (IGN). UPS shares slid over 2% as earnings and guidance
disappointed affecting transports (IYT). To date reported earnings
have risen nearly 3.7% with nearly 70% of reports beating analysts’
expectations. As we mentioned yesterday this is the game CFOs and analysts
play—guide estimates lower, then beat lifting shares. How investors swallow
this monkey business is beyond belief.Overseas the big news is Spanish Prime
Minister Rajoy is being implicated
in corruption charges which drove
Spanish stocks (EWP) lower. Are you shocked there’s corruption in the eurozone?
Its okay, no need to answer and we’re off to the next scandal. By the way, has
anyone seen MF’s Corzine lately? Where are the perp walks for some of our
prominent financial CEOs like, oh, I don’t know, Fannie Mae’s Raines or
Countrywide’s Mozilo and etc? How quickly we forget in this 24/7 news cycle.
The tsunami of Fed liquidity erases memories quickly. In more important news,
it appears Dan “the man” Marino fathered a child with a CBS production
assistant. Does this news take Te’o off the front page then.The dollar
(UUP) was weak once again but this didn’t move gold (GLD) higher as it fell.
Other commodities (DBC) were boosted by oil (USO) and gas (UGA) for example.
Bonds (TLT) rebounded off support. Leading stocks lower to close out the month
were defense oriented sectors Boeing (BA) and United Technologies (UTX) and ETF
(PPA). Consumer Discretionary sectors (XLY) were also lower.Volume overall
lightened further despite all the important news. Breadth per the WSJ was
mixed…’
http://theeconomiccollapseblog.com
http://albertpeia.com/obamarecession2013.htm
Submitted by Tyler
Durden on 01/31/2013
The globalists have stretched the whole of the world thin. They have
removed almost every pillar of support from the edifice around us, and like a
giant game of Jenga, are waiting for the final piece to be removed, causing the
teetering structure to crumble. Once this calamity occurs, they will call
it a random act of fate, or a mathematical inevitability of an overly complex
system. They will say that they are not to blame. That we were in
the midst of “recovery”. That they could not have seen it coming. Their solution will
be predictable . They
will state that in order to avoid such future destruction, the global framework
must be “simplified” , and what better way to simplify the world than to end
national sovereignty, dissolve all borders, and centralize nation states under
a single economic and political ideal?
Submitted by Tyler
Durden on 01/31/2013
We have
long-discussed the growing concerns of a rising level of social unrest
in Europe. Our go-to chart has been youth unemployment - and it still reigns
supreme as the scariest chart for European leaders (no matter what they
publically claim). JPMorgan's Michael Cembalest shares our concern as he opines
on the potential for a tear in the social fabric in Europe. While there may be increasing cracks in the social
fabric, so far, concrete political manifestations have been limited. Could it be
that the social fabric in Europe is stronger than many perceive it to be, and
that 'Europeanization' has advanced a lot since 1992? Perhaps; but Michael is
equally tempted to believe that Europeans simply recognize the financial and
economic dangers of immediate dissolution, and remember the words of Benjamin
Franklin: “We must all hang
together, or most assuredly we shall all hang separately!”
Submitted by Tyler
Durden on 01/31/2013
With the Fed purchasing $45 billion in
Treasury securities across the curve each month, keeping a consistent picture
of Ben Bernanke's consolidated, risk-adjusted holdings can be somewhat
problematic: the best way to do this is to represent the Fed's $3 trillion balance
sheet , of which $1.7 trillion is in Treasurys, in the form of ten year
equivalents. A ten-year equivalent is the amount of 10-year notes that must be
held by the Fed in order to remove the same amount of interest rate risk from
the market as its current holdings. This allows for a uniform representation
that eliminates the duration variance along the curve. Looked in this light it
may come as a surprise to some that as of this moment, the Fed now owns some 29% of the entire amount of
marketable ten-year equivalents outstanding in the entire US bond market .
Submitted by Tyler
Durden on 01/31/2013
While cogitating on yesterday's weak GDP
print, CNBC's Rick Santelli confirmed his view that forecasting is complex (at
best) and impossible (most likely). The 2010 view of the Fed was that 2012
growth would be 3.5-4% - quite a destructive miss as it turned out; and while
Santelli is not attacking the Fed for its ridiculously bad forecasts, he makes
a critical point. Forecasting such a massively complex and dynamic system as
the global economy is foolhardy but attempting to control a few of the pieces
(and not all of the pieces - which is akin to herding cats) is insane. His
suggestion, "maybe [the Fed]
should look at what has worked in the past; that is market forces." Indeed, two
minutes of sanity...
Submitted by Tyler
Durden on 01/31/2013
From the close on Dec 28th
(pre-fiscal-cliff), the Dow is up over 7% (for its best January since 1994),
the long bond is down 3.3% in price, gold is up marginally and the USD is down
marginally. From around November 2012,
the current in stocks is eerily reminiscent of the same run from November
2011's dip and co-ordinated easing . It would appear that if 2011/2
was the world normalizing to ZIRP, 2012/3 is the world's central banks fighting
currency wars with their ever-expanding balance sheets (and while Europe won
last year in stocks, the ECB's fading balance sheet is leading its stocks to
underperform a renewed Fed expansion). Credit markets are notably not buying this risk-on move (and nor is VIX) in January but
JPY-cross-based carry is leading the way, so the world better hope that no one
doubts the BoJ's ability top unilaterally 'win' the currency wars. Energy and
Healthcare are the month's winners as JPY loses 6.4% on the month and EUR gains
2.7% against the USD. ES clung to VWAP into the
close. with a second down day in a row
Submitted by Tyler
Durden on 01/31/2013
Despite the modest weakness in the
long-bond, that so many herald as the next coming of the Great Rotation meme,
it would appear that the longer-end of the Treasury bond term-structure
actually flattened quite notably since the start of the year. Whether this bear-flattening reflects less extreme long-term
concern of hyperinflation (small odds but high impact at long-end),
mid-curve-based hedging (January was a massive IG issuance month and MBS
convexity concerns are growing), or lower long-term growth/inflation
expectations is unclear. But given the Fed's foot on the throat of the
short-to-medium-term Treasury term-structure, the longer-end remains a marginally 'free' market and based
on the chart below implies equities are well ahead of themselves as we draw a
line under January 2013.
Submitted by Tyler
Durden on 01/31/2013
In the aftermath of yesterday's
surprising attack by Israel on Syrian soil, an act which any prior
justification notwithstanding is a clear act of war sovereign
aggression, it was only a matter of time before Syria responded, at least
diplomatically at first. And as we also noted yesterday that "Iran has
previously warned that any attack on Syria is the same as an attack on
Iran" it was safe to assume that Iran would have a thing or two to say in
response as well. Earlier today they did just that, with Syria warning that a
"surprise" response to the Israel attack is forthcoming, while the
"Iranian deputy foreign minister Hossein Amir Abdullahian said the attack
"demonstrates the shared goals of terrorists and the Zionist regime... It
is necessary for the sides which take tough stances on Syria to now take
serious steps and decisive stances against this aggression by Tel Aviv and
uphold criteria for security in the region." Finally yesterday we wondered
"how Russia and/or China which have made clear that Syria is a strategic
geopolitical center for both in the past will react", and today we know:
"Russia, which has blocked Western efforts to put pressure on Syria at the
United Nations, said that any Israeli air strike would amount to unacceptable
military interference." So far nothing from China, which has in the past
let Russia be its proxy on Syrian matters.
Submitted by Tyler
Durden on 01/31/2013
"Absent an immediate crisis - and
sometimes in the face of one - governments will often struggle to meet great
challenges. The short-term palliatives we
are currently pursuing go against everything a long-term oriented society
should aspire to achieve . Growing entitlements are popular with
voters and with those whom they elect, for obvious reasons: because the bill never
seems to come due . But come due it will. Our spending is completely out of
control, and, as of now, it seems as if the situation will have to become
calamitous before we act. Let’s
hope that it won’t then be too late ."
-Seth Klarman, Baupost
Submitted by Tyler
Durden on 01/31/2013
Stocks have slipped, precious metals
have round-tripped, and the FOMC did nothing to save us but nevertheless the
world's analysts and economists came to the rescue of yesterday's negative GDP
growth print yammering over a never-ending series of reasons why ignoring the
bad parts, it was great. UBS' Art Cashin, as always, cuts through all the spin
as he notes, while most of headlines concentrated on the 4th Quarter GDP, it
did give us a look at the annual GDP
for 2012 at about 1.5% (not the 4% growth that was the Fed's projection, he
snarks) ; and it is that 1.5% growth rate that has a 65-year history
of concerning implications...
Submitted by Tyler
Durden on 01/31/2013
The Keynesian belief that the government can print/
borrow and spend enough money to trigger self-sustaining prosperity is a nonsensical, magical-thinking Cargo Cult.
The following charts show why it will continue to fail, with eventually
catastrophic results: the returns on this unprecedented borrow-spend policy are
diminishing to near-zero or negative. As long as the interest rate on debt is
low, the path of least resistance is to keep borrowing to support politically
untouchable fiefdoms, cartels and constituencies. Eventually, the cost of servicing the debt overwhelms the
diminishing returns on the debt-based spending.
Submitted by Tyler
Durden on 01/31/2013
While the popular meme is that jobless
claims have been indicating an albeit modestly growing economy, it would appear
that facts simply do not
reflect that reality . Jobless claims surged this week, missing expectations
by the most since Sandy as seasonal affectations are in the rear-view mirror. For 13 months, we have meandered around a flat-line
initial claims number in the 365k range - and we remain there. What is most
troubling about this total catastrophe that occurred in Emergency Unemployment
Compensation. After last week's record-breaking plunge of over 350k, this week
saw a surge of over 418k added
to the EUC rolls - the biggest 2-week jump in two months. The noise in
this data remains impressive and yet it is the correlated macro data that
appears to be at the heart of so many people's belief in the equity market's
strength...
Submitted by Tyler
Durden on 01/31/2013
Risky Student
Debt Is Starting to Sour ( WSJ )
Political
scandal in Spain as PP secret accounts revealed ( El
Pais )
New York Times
claims Chinese hackers hijacked its systems ( NYT )
Spain's Rajoy,
ruling party deny secret payment scheme ( Reuters )
Iran crude oil
exports rise to highest since EU sanctions ( Reuters )
BlackBerry 10’s
Debut Fizzles as U.S. Buyers Left Waiting ( BBG )
Costs drag
Deutsche Bank to €2.2bn loss ( FT )
And the gaming
of RWA continues - Deutsche Bank Beats Capital Goal as Jain Shrugs Off Loss ( BBG )
More fun out of
London - Barclays, RBS May Pay Billions Over Improper Derivatives Sales ( BBG )
Hagel to face
grilling by Senate panel on Mideast, budget ( Reuters )
Submitted by Tyler
Durden on 01/31/2013
Remember all those soaring German
confidence indices that said ignore the negative GDP print and focus on a
future so bright, ze Germans've got to wear Zeiss? Appears the confidence may
have been a tad massaged upwards because following a spate of weak
corporate results out of Europe's growth dynamo, the German HDE retail
association said Christmas sales for November and December were down some 0.7%
from the prior year. Specifically German retail sales plunged -1.7% from
November on expectations of a modest -0.1% decline, while on a year over year basis December imploded a
whopping -4.7% vs expectations of -1.5%. Did the Germans
blame the weather of lack of government spending, or maybe say to only focus on
the positive aspects of the report (if any)? No. They were not girlie men about
it. In now traditional news, Greek retail sales in November followed suit
and plunged just a tad more than in Germany imploding by some -16.8% in
November. Remember: once they hit 0 they can only go up. But the biggest news
certainly was Germany, whose economy continues to deteriorate and is probably
what spurred Buba president Jens Weidmann to say that ongoing bailouts could
threaten the strongest members .
Submitted by RANSquawk
Video on 01/31/
Israeli Attack: Desperate Bid to Save Failed Syrian
Campaign Tony Cartalucci | Israel has conducted
airstrikes in Syria based on “suspicions” of chemical weapon transfers. { Yes,
indeed! This was a somewhat typical (and costly for the u.s. and the rest of
the world) act of desperation by the war crimes nation israel to keep the
flames of war stoked in whatever ways possible. The israelis thrive on chaos at
other people’s expense/cost and shed blood; and yet, they remain u.n.
resolution/international law violators, with 200+ illegal nukes to boot, with
barely a peep from the world community as they assume immoral authority to
accuse other nations of their own lawless ways. This world can no longer afford
war crimes nation israel. } Netanyahu
Deploys 'Syrian' Iron-Dome As Israeli Minister Claims US Preparing 'Surgical'
Strikes Against Iran { Israel warns of possible
pre-emptive strike in Syria... Key facility hit? Kissinger: Iran nuclear
crisis close... [ Kissinger Predicts Nuclear War with Iran { This would be a
zionist wet dream come true! And, a disaster for literally everyone else,
particularly for pervasively corrupt, defact bankrupt america whose prior
orwellian pro-israeli moves have not turned out well for anyone including
america except for israel, the war profiteers and the military industrial
complex as warned against by the underrated but great president General
Eisenhower! } Kurt Nimmo | Characterizes looming conflict as “a turning point in
human history.” { Riiiiight! That along
with other pro-israeli, u.s.-bankrupting contraindicated positions. The israeli
lobby doesn’t even have to pay kissinger for such folly! How ‘bout the turning
point being the misguided balfour declaration and the subsequent existing 200+
illegal israeli nukes! } Video: Globalist Kingpin Predicts Nuclear War with Iran Prison Planet.com | Globalist kingpin, renowned war
criminal and Rockefeller co-conspirator Henry Kissinger is talking up a nuclear
conflagration. { Riiiiight! That along with other pro-israeli, u.s.-bankrupting
contraindicated positions. The israeli lobby doesn’t even have to pay kissinger
for such folly! How ‘bout the turning point being the misguided balfour declaration
and the subsequent existing 200+ illegal israeli nukes! } ] Submitted by Tyler
Durden on 01/27/2013 Israeli PM Benjamin Netanyahu says his nation must
prepare for the threat of a chemical attack from Syria, amid concern at enemy
efforts to test a post-election coalition Israel, and has deployed its new Iron Dome anti-missile system near the border with its northern neighbor. Along with
this concern, as many have perhaps suspected, the Israeli Defense Minister
confirmed yesterday that the US has prepared plans for a 'surgical' military operation to delay Iran's nuclear
program . As The
Jerusalem Post reports, Ehud Barak,
added that in the past the US has been heavy-handed but that under Barack
Obama, the United States
has "prepared quite sophisticated, fine, extremely fine, scalpels," if the worse comes to the worst - even though the
Israeli preference would be to end the nuclear threat diplomatically, calling
for tougher sanctions (though he expressed doubt that diplomacy would lead to success ). Just another
geopolitical hotspot that the world's markets choose to ignore in deference to
the one true leader - central bankers.
Submitted by Tyler
Durden on 01/27/2013
Everyone knows that for the better part
of the past year Apple was the world's biggest company by market cap. Most also
know that AAPL aggressively uses all legal tax loopholes to pay as little State
and Federal tax as possible, despite being one of the world's most profitable
companies. Many know, courtesy of our exclusive
from September , that Apple also is the holding company for Braeburn
Capital: a firm which with a few exceptions, also happens to be among the
world's largest hedge funds, whose function is to manage Apple's massive cash
hoard with virtually zero reporting requirements, and whose obligation is to
make sure that AAPL's cash gets laundered legally and efficiently in a way that
complies with prerogative #1: avoid paying taxes. What few if any know, is that
as part of its cash management obligations, Braeburn, and AAPL by
extension, has conducted a mindboggling $600 billion worth of gross
notional trades in just the past four years, consisting of buying and selling
assorted unknown securities , or some $250
billion in 2012 alone: a grand total which represents some $1 billion per
working day on average, and which puts the net turnover of some 99% of all
hedge funds to shame ! Finally, what nobody knows,
except for the recipients of course, is just how much in
trade commissions AAPL has paid on these hundreds of billions in trades to the
brokering banks , many (or maybe all) of which may have found this
commission revenue facilitating AAPL having a "Buy" recommendation: a
rating shared by 52, or 83% of the raters, despite the company's wiping out of
one year in capital gains in a few short months.
Submitted by Tyler
Durden on 01/27/2013
Employment is dead in the water because
opportunities for organic expansion are few and the cost basis of doing
business in the U.S. keep rising . That vise forces businesses large and
small to reduce labor costs while boosting productivity. There is no other way
to stay solvent in a post-bubble, over-capacity, over-indebted consumerist
economy awash in too much of everything but energy, common sense and fiscal
prudence.
{ We’ve never, in the entire history of economics,
finance, markets seen the disconnect from economic/financial reality and
fundamentals as pronounced and as great as now. The reality of modern-day
computer programs/algos/frauds at lightning computerized speed and sheer
desperation on fraudulent wall street whose ever larger protected frauds are
literally cheered by failed american leadership at every level. Right now,
though contraindicated, the superstitious January effect is in play and
manipulated to meet faux bullish expectations. Then too, without doubt, what
will be their excuse to not ‘sell in May and go away’ which really should be
the mantra at present, now, beyond the hot air, smoke and mirrors, fraud and
b***s*** we’re once again seeing in large measure, encouraged and received with
ebulliently poised irrational exuberance on wall street and in washington. Remember the ralleys in sympathy with Apple
exuberance, all of which we now know to have had a foundation of little more
than ‘apple sauce’. Total b***s***! What’s the next b***s*** story/sizzling
fraud? The ‘money’ being cashed out by these frauds has to come from someplace
(the real economy) and has already found a way into understated/underreported inflation rates (for a multiple of staples
including food prices), lower margins through higher costs thereby manipulated
somewhat by currency manipulations, all of which will be ‘coming due’ in a very
big way to the downside, reality-based blowout around the corner. }
AP Business
Highlights ...Yahoo Market
Update…
Metal News for the Day
http://www.etfdigest.com ‘FED DAY
BRINGS PROFIT-TAKING 1-30-13 Economic data
Wednesday revealed the nations GDP contracted -.1% vs 1% expected & prior
3.1%. Most of the decline was attributed to inventories and a large decline in
defense spending. There was plenty of spin surrounding this data. Some blamed
this is what austerity might look like with less spending (Keynesians) while
others just accepted the data for what it was—not good. Markets initially
shrugged to the news knowing bad data means more Fed QE which is always
bullish. ADP Employment Data rose slightly (192K vs 172K expected & prior
revised sharply lower to 185K from 215K). Some, including me, don’t think much
of this report generally since it’s too volatile and in the end,
unreliable.Tuesday’s Consumer Confidence severe drop (58.6 vs 65.1 expected
& prior 66.7) was a shocker reflecting higher payroll taxes and perhaps
slightly influenced by debt ceiling negotiations. Since I wasn’t posting
Tuesday it seems the only conclusion was more of the “bad news is good” meme
which dominates trading with ZIRP & QE keeping training wheels on bullish
investors.The Fed announcement contained little new information except a mention
that weather was one cause for the GDP decline. (When in doubt, whip that one
out.) Fed policies were left unchanged so QE will remain in place providing
that proverbial tailwind pundits love to cite.We now turn to more earnings,
Jobless Claims and Friday’s big employment report. Both of these employment
reports will be misleading given the number of people falling off the
employment rolls.The dollar (UUP) fell sharply on the GDP data while gold (GLD)
bounced as it should given dollar weakness. Stocks fell modestly and selling
picked-up downside speed in the last hour of trading. Leading sectors lower
were small caps (IWM) and housing (ITB). Bonds (TLT) prices fell and yields
rose. Commodities (DBC) rose with gains in energy (USO) and metals (JJC).Volume
was once again modest and returning to levels last seen in 2006 and early 2007.
Breadth per the WSJ was negative overall…’
January 30, 2013
http://gainspainscapital.com
http://albertpeia.com/fedsplinters.htm
The
Yen's Loss is Gold's Gain http://www.wealthdaily.com JAN 30 - ADAM ENGLISH Currency Wars Flare Up The yen, U.S. dollar, and euro have returned
to their three-way race to the bottom. But Japan's desperate move may signal an
upward run out of gold's malaise... Read
More...
Submitted by Tyler
Durden on 01/30/2013
"History is replete with examples
of societies whose downfalls were related to or caused by the destruction of
money. The end of this phase of global financial history will likely erupt
suddenly. It will take almost everyone by surprise, and then it may grind a
great deal of capital and societal cohesion into dust and pain. We wish more
global leaders understood the value of sound economic policy, the necessity of
sound money, and the difference between governmental actions that enable growth
and economic stability and those that risk abject ruin. Unfortunately, it
appears that few leaders do."
- Paul Singer, Elliott Management
Submitted by Tyler
Durden on 01/30/2013
Nobody ever really wins at Thumb Wars,
which makes the whole thing rather pointless; and, as it turns out, the same
can be said about the subject of Grant Williams discussions in this week's
'Things That Make You Go Hmmm...' - Currency Wars - which seem to be erupting
across the globe. There are many
parts of the current financial equation that puzzle us; but beneath it
all, at the wellspring of all the disconnects and false price signals that are
making investing in today’s supposedly free markets an impossible task, lies
the source of my greatest consternation: central banks. I have one simple
question for those august institutions, and it is this: Do they really
think it is possible for them all to devalue their currencies against each
other simultaneously and achieve anything but rampant and universal inflation
at some future point in time? There are 38 countries with negative or near-zero real
rates,and/or have either had explicit QE programs in place or were actively
intervening in or verbally manipulating their currencies. Now, does it seem
remotely possible that all these countries can have weak currencies at the same
time? Of course it isn't possible. Not without rampant inflation, it isn't.
Submitted by Tyler
Durden on 01/30/2013
In just under 30 minutes, contrarian libertarians
Peter Schiff and Doug Casey muse on many facets of the crumbling edifice of the
status quo that is our current world. The conversation is wide-ranging and
absolutely must-see as they remind market-watchers that "the whole thing is artificial." You can't just
keep printing money and monetizing debt without the dollar imploding even with
monetary policy descending (along with its trillion dollar coin) into 'Three
Stooges'-like comedy. The conversation ranges from gold heading to $5,000 and
beyond (and why) to Schiff's father's imprisonment but ends with a discussion
of what the future brings: "the
biggest change that is coming to the global economy is a realignment of global
living standards," and that will not play well for the
USA. It's hump-day, grab a beer and watch...
Submitted by Tyler
Durden on 01/30/2013
Since the peak in 2008, the Dow
Transports and the price of crude oil has been extremely highly correlated.
Whether this is due to the inextricable factor of central bank liquidity
flushing 'money' into each and every market around the world - or an increase
in the link between demand for energy and increasing transportation needs - it
seems something has recently changed. Oil prices have been stymied in the last year as global
growth slowed and in spite of a plethora of hot-spots for geo-political risk
flares has been unable to see premia rise. On the other hand, the Dow Transports have screamed higher . Different
this time? It would appear so... or is this a return to the
anti-correlated (somewhat more sensible) energy-cost-to-transports world that
existed before the crisis?
Submitted by Tyler
Durden on 01/30/2013
Following today's dismal GDP print, the
massive ongoing borrowing being undertaken by our government, and the Bernankian
policies which appear inescapable (and entirely ineffective for anything but
the market), we thought Ken Rogoff's recent op-ed from the FT was extremely
appropriate. Many foreign observers
look at the US budget shenanigans with confusion and dismay, wondering how a
country that seems to have it all can manage its fiscal affairs so chaotically.
The root problem is not just a hugely elevated level of
public debt, or a patently unsustainable trajectory for old age entitlements.
It is an electorate deeply divided over the direction of government, with
differences compounded by changing demographics and sustained sluggish growth.
It is hard to escape the notion that today’s budget battles are but a skirmish
in a much longer-term war that won’t be settled soon. The idea that one should just ignore all these problems
and apply crude Keynesian stimulus is a dangerous one. It matters a
great deal how the government taxes and spends, not just how much. The US
debt level is a constraint.
Submitted by Tyler
Durden on 01/30/2013
Today we look at long term charts of
some key commodities and investigate means by which we might gain insight into
the dynamics of their price movements. The charts are most commonly studied as
a plot of price vs time. However, the dynamical evolution of a complex system is described
by a succession of states through which the system has evolved. Even though
gold and silver have been in a bull market for over ten years, the real regime
change only happened about three years ago. What was evident was the separation of the precious metals (which still includes
silver) from the industrial metals and agricultural commodities. What happened?
Submitted by Tyler
Durden on 01/30/2013
Over two
years ago (and reiterated last
year ) Zero Hedge first wrote on what was and is an undisputed transition within the US
labor force: a shift from full-time to temp, or part-time labor, with
virtually no contractual or welfare benefits, and where workers are lucky to
get minimum wage . This is because in the "New Normal" where
copious amounts of structural slack are pervasive due precisely to the Fed's
constant flawed micromanagement of the economy, the US has now become an " employers'
market. " Furthermore, we were the first
to make the critical distinction that it is absolutely not all about the quantity of jobs, but much more importantly, the quality of the new jobs being created. However,
just like 99% of the general public, and all of the mainstream media, has an
inborn genetic disorder preventing it from grasping the distinction between
nominal and real, so these two critical aspects of the US jobs market
languished unperturbed. Until now, two years later, when we are happy to see
that the mainstream media has finally caught up with what our readers knew in
December 2010.
Submitted by Tyler
Durden on 01/30/2013
We noted
yesterday the growing disconnect between stocks and credit - today saw
stocks start to play catch-down. High-yield credit (specifically HYG - the bond
ETF) has fallen four days in a row - its biggest four day plunge in over 2
months (with today's drop the biggest
single-day drop in almost 4 months ) amid mega volume. VIX (another
notable disconnect) continued to push higher (above 14% for the first time in 3
weeks). Treasuries had been leaking higher in yield on the week (30Y +8bps as
FOMC hit) but slid lower as the post-FOMC day wore on. The USD weakness (led by
significant strength in CHF and EUR) supported precious metals (and commodities
broadly) but not stocks. Silver are up almost 3% on the week (and Gold
outperforming USD's implied shift). Homebuilders faded from the open with all
the QE-sensitive sectors (Materials,
Energy, and Discretionary) all red on the week now. It would appear
that bonds recoupling (higher in yield) with stocks was the end of the catalyst
for this run higher for now as divergences are appearing everywhere. S&P futures end the day red on the week, on large
average trade size and volume.
Submitted by Tyler
Durden on 01/30/2013
While some would look at the surge in
government spending in Q3 last year (ahead of the election) and subsequent
plunge in Q4 as conspiratorial, CNBC's Rick Santelli takes a step slightly
further back as he draws the analogy between the mystical monetary experimentation of Ben Bernanke and his horde
of central bank cronies and the "bloodletting of leeching" of
medieval medicine providers . The point being that if you were sick
in the middle ages, leeches were applied; and if you returned weeks later
(still sick), more leeches and blood-letting took place - with no lesson
learned . The fact that we borrowed $300bn in Q4 and managed a dismally dire drop
in GDP growth offers little hope as the world glares agog at the Dow Jones
Industrial Average index while Bernanke, six years on from the start of the
recession continues to apply the same medicine that has done nothing to
resurrect our economy. In
Rick's words, "Whatever you're doing; It isn't working!" and in fact the
monetary support could potentially hurt the economy in the medium-term as debt
piles up exponentially . An epic rant...
Submitted by Tyler
Durden on 01/30/2013
In what was the first clear instance of
aggression by Israel toward Syria, overnight Israeli jets conducted a bombing
run over a military site in Syria, targeting what according to Israel was a
military convoy heading to Lebanon. As Al Arabiya
reports : "Israeli jets bombed a convoy on Syria's border with Lebanon on
Wednesday, sources told Reuters, apparently targeting weapons destined for
Hezbollah in what some called a warning to Damascus not to arm Israel's
Lebanese enemy. "The target was a truck loaded with weapons, heading from
Syria to Lebanon," said one Western diplomat, adding that the consignment
may well have included anti-aircraft missiles. The overnight attack, which
several sources placed on the Syrian side of the border, followed warnings from
Israel that it was ready to act to prevent the revolt against President Bashar
al-Assad leading to Syria's chemical weapons and modern rockets reaching either
his Hezbollah allies or his Islamist enemies."
Submitted by Tyler
Durden on 01/30/2013
Out of the gate, Treasury yields dropped
4bps, Gold rallied $5, Oil popped, and Stocks leaked lower. But 30 minutes
after the main-event, it seems that initial excitement has worn off . Gold has reverted (down) and
Treasury yields (up) though we note that though it is marginal at best, S&P
500 futures are testing the day-session lows still (down 2-3 points). It would
appear that infinity is still a big number and suggesting that they will add
moar to infinity has done little to change what is priced in. The most notable change (we can see) is in JPY weakness
and Oil strength so far... though stocks are leaking once again
Submitted by Tyler
Durden on 01/30/2013
One is real, the other, like the market,
is completely fabricated.
Submitted by Tyler
Durden on 01/30/2013 - 14:19
In a slight surprise, the FOMC appears
to have seen the recent weakness in macro data as supportive of its ongoing
pumpathon even suggesting more is possible:
*FED SAYS GLOBAL MARKET STRAINS EASED
*FED SAYS ECONOMY PAUSED DUE TO WEATHER, TRANSITORY
ISSUES
*FED SAYS ECONOMIC ACTIVITY `PAUSED IN RECENT MONTHS'
*GEORGE DISSENTS FROM FOMC DECISION
Pre-FOMC: ES 1502.5, 10Y 2.025%, Crude
$97.75, Gold $1678, EUR 1.3570
Submitted by Tyler
Durden on 01/30/2013
A titanic political battle is brewing
between the parasitic aristocracy, the dependent class and the two classes creating value with their labor . In the
conventional view, America's socioeconomic classes are divided by income and
wealth into various layers of Wealthy, Middle Class and Poor. Extending
recent analysis, we get an entirely different framework that breaks naturally
into four classes : 1. Parasitic
financial Aristocracy (creates no value, skims national surplus); 2. High value
creation (employed, heavily taxed); 3. Low value creation (employed/informal
economy, lightly taxed); and 4. No value creation (unemployed, dependent) . In this
context, America is filling the gap
between the value we create and what we spend by borrowing $1 trillion+ a year on the Federal
level and hundreds of billions more on the local-government and private-sector
levels. All this debt isn't being "invested" in new value-creation;
it is funding consumption and cartel skimming on a monumental scale.
Submitted by Tyler
Durden on 01/30/2013
Wherever you looked today in Italy, shares were halted. From Saipem to
Seat and From Banco Popolare to BMPS, individual stocks fell between 5% and 45%
in some cases. Spain also fell alongside its incorrigible risk-on peripheral
neighbor as dividend suspensions, outlook cuts, rating downgrades, and a
growing concern about the banking system's legitimacy wear on sentiment.
Italian sovereign risk was largely unchanged but as the US opened it started to
bleed wider - but in general bonds ignored the stress in stocks. FX markets
also were un-phased as EUR continued to test higher. CHF did, however, strengthen notably (against the USD,
EUR, and mostly against the JPY - up 28% in the last six months!) . The CHF
strength did nothing for demand for Swiss rates though as they pushed higher to
10-month highs. The big problem though lies in credit. Just as in the US, credit markets in Europe are massively divergent from
stocks' exuberance - and today's surge in Europe's VIX also echoes the
disconnect we are seeing evolve in the US. Things are shifting...
Submitted by Tyler
Durden on 01/30/2013
Back in 2011, BlackRock's Larry Fink revealed
one of the great unspoken truths of capital markets, namely that " markets like totalitarian
governments " They also like authoritarian
socialism, sprinkled in with a healthy dose of nationalization, because as
Bloomberg reports, one of the biggest beneficiaries of over ten years of the
"glorious socialist revolution" in Venezuela, coupled with over 1000
nationalizations by the bed-ridden and roughly 15 times deceased Hugo Chavez
(if one believes all the rumors), is none other than Goldman Sachs, which
generated some 681% in returns due to "aligning its interests" with
those of the unshakable Venezuelan ruler.
Submitted by Tyler
Durden on 01/30/2013
While everyone knows that devastation
and cataclysm are wildly bullish in a broken-window-fally-based Keynesian world
where everything is incrementally positive and bad is good. It would appear
that China has taken that 'fallacy' one step too far as a giant sinkhole is
'gobbling' up buildings across Guangzhou. We assume this sinkhole was unleashed
to help maintain GDP amid the now factual
decline in labor force that we discussed yesterday .
Submitted by Tyler
Durden on 01/30/2013
While US equity futures knee-jerked
lower on the dismal reality of this morning's GDP print, that dip was rapidly
bought pushing equities up near their highs as the day-session opened. However,
it appears US gains are Europe's losses as Spanish (and even more so Italian) stocks are plunging
today . From Monti Paschi shenanigans to Fiat's dividend (and
comments on ongoing EU uncertainty) and from Saipem's slashing their outlook to
Seat's rating downgrade - the chart below suggests this is more than just
'fundamental' as Italy's MIB syncs up perfectly with Spain's IBEX and they both
start to fall. Spanish and Italian bond markets are unreactive as EUR
strengthens... but we haven't seen European
stocks and US stocks decouple to this extent this year so far... is the flow
becoming fragmented?
Submitted by Tyler
Durden on 01/30/2013
Following today's 3-sigma miss in GDP by
the greatest and goodest economists of the world, we thought
David McWilliams brief 'Punk Economics' clip on "why economists get things
wrong" was particularly appropriate. With Mark Zandi's "this
didn't really happen" comment this morning on GDP, McWilliams
starts by warning of the most
dangerous of economic soothsayers - the overconfident and over-optimistic
forecaster . Perhaps, he notes, the Queen was on to something when
she asked (about the crisis), "why didn't you see this coming? ...and why
should I listen to you now?" The key fact driving economists' inability to
predict the future is a lack of understanding of the present thanks to the
"complete and utter nonsense" that economists see the world as
rational - which, he shows, we certainly are not. There is no economics for emotions, exuberances,
impulses, or frenzies (as is all too clear currently) . We simply don't
learn from our mistakes and always believe this time will be different. Indeed...
Submitted by Tyler
Durden on 01/30/2013
What was it about the law of diminishing
Fed stimulus returns again? But don't worry: " the market is up. " Because
if $165 billion in Q4 stimulus could not even generate a positive GDP return,
at least it sent the Russell 2000 soaring.
Submitted by Tyler
Durden on 01/30/2013
The removal of “event risk” is the
bottom line which defines the markets currently and which is why there is such
a large disparity between economic
fundamentals and the markets’ collective reaction . Short and
sweet; risk has subsided or at least that is the common perception. This does not mean
that the collective thinking is correct or even that it will be the
“collective thinking” for long. The lack of a “fear factor” will push “relative valuations” in new directions which will
impact the Dollar/Euro ratio causing even greater financial issues for Europe
and higher Treasury yields will impact not just bonds with credit risk but
equities as a matter of comparison. Yields in Europe, which went down because
of the Draghi promise coupled with our great slosh of capital and the “delay,
defer and postpone” mindset of the Europeans may begin to rise again because of
other factors which primarily would be their “relative valuations” against
their American counterparts. The
lack of “event risk” has two sides and two sets of consequences.
Submitted by Tyler
Durden on 01/30/2013
A stunner out
of the BEA which just
reported a Q4 GDP of -0.1% that was leaps and bounds below the 1.1%
estimate, and a plunge from Q3's 3.1%. The factors: Private Inventories,
Exports and Government Expenditures all of which contracted, by -1.27%, -0.81%,
and -1.33%. The silver lining was in Personal Consumption Expenditures which
added 1.52% to the negative print, most of it however driven by a surge in
spending ahead of the fiscal cliff. Ironically, this was the biggest
government-driven detraction from growth since Q1 2011, when GDP led to a
-1.49% cut in the GDP, same in Q4 when government spending on defense fell the
most since 1972. The solution is simple: print moar drones . Enter Mali.
And since everything is now AMZN-ing, we can't wait for the spin that the GDP's
margins were actually better than expected, leading to a 200
point surge in the DJIA.
Submitted by Tyler
Durden on 01/30/2013
ADP may have changed its methodology,
wiping out a few hundred thousand 2012 jobs in the process, but its predictive
track record remains the same: lousy . In December, the private payroll
counter "reported" some 215,000
private job gains, well above expectations and about 50,000
more than the BLS reported two days later. Today, ADP was expected to print far
lower, or at 165,000, and once again we got a major beat, this time January
data apparently soaring to 192K, yet at the same time the utterly meaningless
December data was revised far lower, from 215K to 185K just to be inline with
the BLS. Expect this number, too, to be revised lower as it usually tends to
be, following a weaker than implied BLS payroll number. Of note: seven
consecutive drops in manufacturing jobs: so much for that Obama promise to
double manufacturing jobs in 5 years or whatever it was. Judging by the
market's non response to today's latest ADP number, we are not the only ones
who see Mark Zandi's pet seasonal-adjustment project as nothing more than a
monthly joke.
Submitted by Tyler
Durden on 01/30/2013
Swiss banks, UBS and Credit Suisse, have
moved to offer allocated gold and silver accounts to their clients – including
high net worth, hedge funds, other banks and institutions. The move
allows these entities to take direct ownership of their bullion in allocated
accounts. According to the Financial Times, the banks say that they are making
the move in order to reduce exposure and risks on balance sheets and in an
effort to be more transparent. “Under more common "unallocated"
gold accounts, depositors' bullion appears on the banks' balance sheets,
forcing them to increase their capital reserves. Like their global peers, UBS
and Credit Suisse are under pressure from regulators to reduce
capital-intensive activities ahead of the introduction of new Basel III global
banking rules.” It is more likely that the banks made the move to allocated
storage due to an increased preference from their investors who are weary of
continuing systemic risk.
Submitted by Tyler
Durden on 01/30/2013
Boeing misses
Q4 top line ($22.3 bn, Exp. $22.33 bn) beats EPS ($1.28, Exp. $1.18), guides
lower: 2013 revenue $82-85 bn, Exp. 87.9 bn
Hilsenrath
discovers DV01: Fed Risks Losses From Bonds ( WSJ )
Airlines had
787 battery issues before groundings ( Reuters )
Monte Paschi
ignored warnings over risk, documents show ( Reuters ) as did Mario
Draghi
China averts
local government defaults ( FT )
Economy
Probably Slowed as U.S. Spending Gain Drained Stockpiles ( Bloomberg )
Bono Is No
Match for Retail Slump Hitting Dublin’s Fifth Avenue ( BBG )
Catalonia
requests €9bn from rescue fund ( FT )
US plans more
skilled migrant visas ( FT )
Japan PM shrugs
off global criticism over latest stimulus steps ( Reuters )
CIA nominee had
detailed knowledge of "enhanced interrogation techniques" ( Reuters )
Cleanliness
Meets Godliness as Russia Reeled Into Cyprus ( BBG )
Deutsche Bank
Seen Missing Goldman-Led Gains on Cost Rise ( BBG )
Nearly
Half Of American Households Are 1 Emergency Away From Financial Disaster,
Report Finds
huffingtonpost.com | Many of the
Americans living on the financial edge are employed and living a middle-class
lifestyle.
http://theeconomiccollapseblog.com
http://albertpeia.com/rottencore.htm
http://endoftheamericandream.com
http://albertpeia.com/failedcommunistamerica.htm
January 29, 2013 http://gainspainscapital.com
http://albertpeia.com/fedprintingbankruptsthelendermeanswar.htm
JAN 29 - CHRISTIAN A. DEHAEMER Obama
Destroys 2,900 Jobs How to Profit from Government Foolishness http://www.wealthdaily.com Emerging markets are rapidly increasing
their use of coal, and logic would dictate the U.S. government would smooth the
way for exports. But instead it's attempting to shut it down... Read
More...
Submitted by Tyler
Durden on 01/29/2013
Or what happens when Wall Street Muppet
A is vewy, vewy angwy with Wall Street Muppet B and desperately needs a ratings
boost.
Submitted by Tyler
Durden on 01/29/2013
In a move farcically reminiscent of
Inspector Clouseau, the French Finance Minister made an impromptu appearance on
the BBC to confirm what we all should have known all along: that "France is
a truly solvent country, France is a truly credible country." As the
Washington Post notes , the oh-so-honest
faux-pas that enfant terrible Monsieur Michel Sapin made yesterday
- explaining how his nation is "totally bankrupt" - had French
politicos scrambling today to recover their je ne sais pas . It would
appear the crisis management approach taken is the repetitive Jedi mind-trick
and of course we should believe Moscovici - even as France faces near-record
unemployment, ratings downgrades, fiscal atrophication thanks to a plunge in
competitiveness, and backlash among the elites at its increasingly socialist
policies. "This is not the France you are looking for,"
and sure enough, now we believe them.
Submitted by Tyler
Durden on 01/29/2013
A massive 7.4 million Silver Eagles
were purchased from the U.S.
Mint in January, considerably higher than the previous record from early
2011. After halting
Silver coin production/sales for over a week , the Mint re-opened yesterday and
demand once again surged. Having almost
doubled from the first week in January , there remains two more days before the
book is closed on January's sales. At 140,000 ounces, the Mint has also sold
the most ounces of gold in January in almost three years, suggesting the rising
'currency wars' are stoking people's ongoing rotation from paper-to-physical
assets as their 'wealth' slowing loses its value.
Submitted by Tyler
Durden on 01/29/2013
You know you’re no longer living in a
free country when the government tells you what you can and cannot put in your
body. Or when an unelected board of bureaucrats and corporate insiders can confiscate the
assets of hardworking small business owners. Yet these have become par for the
course in the Land of the Free. The police, the bureaucrats... they are not
the enemy. They are merely pawns of an entire system gone critically
bad. In truth, there is no actual enemy. The enemy is an idea - a faceless
government that is not embodied in a single individual or group. Trying to
‘fight’ this enemy, this idea, is as futile as a government ‘declaring war’ on
drugs or poverty. These are not enemy combatants. They’re nouns. Concepts.
As such, trying to ‘take back’ the country is a noble yet unfortunately
misguided expenditure of precious resources.
Submitted by Tyler
Durden on 01/29/2013
The meme of the moment remains China's
'rotation' to urbanization as the new growth engine, but as SocGen's Wei Yao
notes, while this shift from farmers to manufacturers has raised productivity,
urban population growth is set to decelerate rapidly in the current decade. Yao
comments that the impact of urbanization has been "misunderstood and
overstated by the market" as it is now official that China’s working-age
population has peaked and is starting to decline . China’s
National Bureau Statistics announced that the share of population aged between
15 and 60 years old declined for the first time in 2012 by 0.6ppt to 69.2% . This slower
labor growth brings China ever closer to the so-called "Lewis Turning
Point" at which excess labor in the agriculture sector is fully
absorbed into modern sectors - leading to no or negligible productivity
improvements. The bottom line is that hopes for "new
urbanization" appear overdone , given the demographic (and
productivity) headwinds and China's focus should shift to social safety nets
and not torrid physical construction.
Submitted by Tyler
Durden on 01/29/2013
The quest for cheap energy and
cheap labor is a conquering human urge , one that has played out with
notable ferocity starting with the Industrial Revolution. The introduction of
coal into British manufacturing, and the more recent outsourcing of Western
manufacturing to Asia, have marked key thresholds in this ongoing progression.
But despite the harvesting of additional productivity gains from the more
recent revolution in information technology, the suite of macro data suggests
that the rate of advancement in physical production has
slowed, notably, in the past thirty years. Seen in this light, the greatest gains
to global industrial production were probably enjoyed from the late 18th century
(when coal extraction and use began in earnest) into the mid-20th century (when oil
reached broad distribution). In contrast, computers, the
Internet, and the leveraging of developing world labor might eventually be seen
as the finishing touches on this great industrial wave.
Submitted by Tyler
Durden on 01/29/2013
Several years after revealing the first
one hundred trillion modern-day banknote and seeing its economy implode in a
cloud of hyperinflationary smoke, Zimbabwe's problems are back with a
vengeance. And this time not even more currency destruction, as Zimbabwe does
not actually have its own currency any more having largely shifted to foreign
currencies primarily the USD and the ZAR - can help. The problem? The country
is officially out of cash. From
AFP : " After paying public workers’ salaries last week, the
balance in cash-strapped Zimbabwe’s government public account stood at just
$217, Finance Minister Tendai Biti said Tuesday. “ Last week when
we paid civil servants there was $217 (left) in government coffers, ” Biti told
journalists in the capital Harare, claiming some of them had healthier bank
balances than the state. “The government finances are in paralysis state at the
present moment. We are failing to meet our targets.”" Sadly not even the
projected and quite hilarious
5% GDP growth of the now completely broke country, which can't even
create money out of thin air as there is nobody who will lend it even one
penny, will do much if anything. (Here we will briefly ignore the fact
that Zimbabwe's net cash position is about $120,000,000,000,217.00 greater than
that of the US)
Submitted by Tyler
Durden on 01/29/2013
The most cartoonish stock of all time
just came out with results that can only be characterized as ugly. To wit:
Q4 revenue of
$21.27 billion missed expectations of $22.23 billion
Q1 EPS of $0.21
missed expectations of $0.27;
The firm guided
top-line lower, seeing Q1 sales of $15-$16 billion, below the estimate of $16.5
billion
The firm guided
operating income much lower, seeing Q1 op income of ($285)-$65 Million on
expectations of $261.4 MM
The firm said
the its physical books sales had the lowest growth in 17 years
Total employees
grew by 7,000 in the quarter and 32,200 Y/Y to a record 88,400
Worldwide net
sales Y/Y growth was the slowest in years at 23%, down from 30% in Q3 and 34% a
year ago
And, last and
certainly least, LTM Net Income is now officially negative, or ($49) meaning as
of this moment the firm with the idiotically high PE has an even more idiotic
N/M PE.
... And the stock is soaring in the
after hours. Thank you DE Shaw.
Submitted by Tyler
Durden on 01/29/2013
We are in our sixth year since the US
officially went into recession and yet, as CNBC's Rick Santelli notes, we are
still in crisis management mode. Some argue that any day now, the Fed will
begin to remove its mega liquidity pipe from the market but Rick exclaims in
this wonderfully succinct clip that: "there is no expiration date
on faulty illogical ideas," as he expects any Fed exit to be
"very, very messy." Rick's dilemma is the seemingly
paradoxical need for yet moar and bigger monetary policy crisis management by
Ben Bernanke when day-after-day we are told by the very guests on his network
that "stocks look great." At the end of the day, when the Fed
decides to exit, they will not be able to put the liquidity 'toothpaste' back
in the tube.
Submitted by Tyler
Durden on 01/29/2013
"The delinquency rate today on
student loans that were originated from 2005-2007 is 12.4 percent. The comparable
figure for student loans that were originated from 2010-2012 is 15.1 percent,
representing an increase in the delinquency rate by nearly 22 percent .... This situation
is simply unsustainable and we’re already suffering the consequences,” said Dr.
Andrew Jennings, FICO’s chief analytics officer and head of FICO Labs. “ When wage
growth is slow and jobs are not as plentiful as they once were, it is
impossible for individuals to continue taking out ever-larger student loans
without greatly increasing the risk of default. There is no way around that
harsh reality. ”
Submitted by Tyler
Durden on 01/29/2013
The sad fact is that it appears
completely rational to be ignorant about politics. The cost of
being an 'informed' voter - as opposed to a bigotted closed-minded ignoramus -
is high, from the time spent following (and interpreting) the news in the paper,
online, and on the television. As the following clip notes, "becoming an
informed voter is competing with a lot of other needs in your life," from
American Idol watching to eating Cheetos in the bath. Of course, the sad truth
is that it has never been more important to be 'informed' and so the
'bread-and-circuses' will continue lest we stumble upon the truth - but perhaps
this brief clip will sway a few more to the dark side of 'the informed' - though just
because 'you' are better-informed does not mean politicians will do a better
job - as the probability of your vote changing the outcome of an election is for
all practical purposes, zero!
Submitted by Tyler
Durden on 01/29/2013
In early June 2007, Treasury futures saw
their largest-ever put volume traded (821,978 contracts) and within a few days,
Treasury yields had peaked at 5.32% and never looked back. Yesterday,
according to CME data, Treasury futures put volume hit 758,020 contracts
(second only to that 2007 high) as 74% of the entire options trading
volume was in puts (and 88% of 5Y futures options were puts!). With the FOMC
tomorrow and everyone seemingly convinced that the 'great rotation' is in
place, it would appear the crowded trade is being
bearish bonds.
Submitted by Tyler
Durden on 01/29/2013
A regular feature back in 2010 when we
had our first taste of global currency warfare as Brazil's finance
minister accurately summarized when he said " a currency war
has broken out " (and yes: currency war existed then, and especially
in the 1930s which led to the Great Depression, long before the recent
eponymous book came out desperate to take credit for this simplistic concept)
were the global FX heatmaps which showed how any given currency is doing on any
given day. Since currency warfare is now back and more violent than at any time
in the past 80 years, it only makes sense to bring back a long-time reader
favorite: the currency warfare heatmaps which show who,
on any given day, is winning and losing, the global race to debase and in the
process beggar all globalized and SWIFT-interlinked neighbors. But don't
forget: in a relativistic fiat world, nobody can actually win the global race
to debase. Well, not nobody: gold (and other precious metals) can, assuming it
is not confiscated as it was the last time the US ended the global currency war
with a 50%+ devaluation of the USD relative to gold... and promptly confiscated
all gold.
Submitted by Tyler
Durden on 01/29/2013
It is impossible to understand job
creation without understanding value creation and labor/overhead costs. People hire
other people when their labor creates more value than it costs to hire them.
When labor costs are high, the value created must also be high; it makes no
sense to hire someone if doing so generates a loss. When labor is cheap, the
bar of value creation is lowered, and so the risk of hiring a worker is also
lower: they don't have to add much value to be worth their wage. This is why
you see many low-value jobs in developing-world countries. If overhead
costs - the cost-basis of doing business in the U.S. - keep rising faster than
gross profits (out of which overhead is paid), then the owners have little
choice: they can either close the business before they are personally
bankrupted, cut everyone's pay or lay off some employees and somehow raise the
productivity of the remaining workers to maintain enough value creation to
survive. This is the U.S. economy in a nutshell.
Submitted by Tyler
Durden on 01/29/2013
It would appear that the hike in taxes
on 77% of Americans that was heralded as a success, has dented confidence just
a little. As the efficient stock market moves to all-time nominal highs in many
cases, Consumer Confidence just fell off a cliff. The conference board printed
at the worst level in 13 months - so all those
2012 gains are gone - and fell month-over-month by the most since
the August 2011 fiscal cliff debacle . For every
income levels (except those earning under $15k) confidence plunged with the
$35k-$50k bracket crashing the most. It would appear that the driver of 70%
of the US economy is not buying the new normal being fed to us daily by any and
every media outlet possible. No matter how much the market is held up by
mysterious runs in FX markets or volatility compression, it would appear that -
just as we have been noting - the underlying macro fundamentals will eventually
be priced in, as this does not bode well for retail sales.
Submitted by Tyler
Durden on 01/29/2013
The Case-Shiller Home Price Index is
unique among other economic data indicators for recommending that analysts
focus solely on its Non-seasonal adjusted data series, as this is what the
report uses in its own headline figures. It adds that "for analytical
purposes, S&P Dow Jones Indices publishes a seasonally adjusted data set
covered in the headline indices" - a far cry from the BLS, whose Arima X
12 models are the basis of the data "moves" on a monthly basis: moves
which are based not so much in the underlying data but on the seasonal
adjustment and fudging the government employees apply to it. And it is the
unadjusted Case Shiller data that showed that in November, the 20 City
Composite index posted its second consecutive monthly price decline
in a row . Yes: on a year over year basis home prices did rise
some 5.5%, but on the other hand, " average home prices across the
United States are back to their autumn 2003 levels for both the 10-City and
20-City Composites ." And while the price decline into the year end is
somewhat seasonal, it certainly does not fit with all the other economic data
released by the government showing a housing picture so bright not even the
tiniest drops in prices were allowed.
Submitted by Tyler
Durden on 01/29/2013
The one thing that all of us know,
surely all of us must know at least this, is that markets do not
go forever in one direction. I am not speaking here of the
pecularities of a day or of trying to eke out some trade but of shifts in
circumstances and sentiments that sets the direction upon a new course. We live in a
world recently comprised of three basic tenets ; postpone,
make up facts to suit the goals of some nation or nations and throw money at
anything that moves. This is an inherently unstable construct and yet that is
what our brilliant leaders have embraced. I will tell you this; when chicanery
is trotted out as truth, when liabilities are not counted, when losses are
termed investments, when the only answer to anything is the printing of more
small pieces of green and blue paper then trouble is
approaching with a capital “T” and the future is a bleak cloud of foreboding.
Submitted by Tyler
Durden on 01/29/2013
A quick ranking of the world's most
" miserable " countries, based on the conventional measure of
the Misery Index which is simply the Unemployment Rate plus Inflation, shows
just why most people in Spain are, well, less than happy (and Spain is damn
lucky there is no subset of the Misery index for just those aged 25 and under
as we would certainly need a bigger chart). As the chart below shows, the
Spanish "misery" is now the greatest in the world, at some 30%, and
is worse than South Africa, Greece, Venezuela, Argentina and Egypt.
Netanyahu
Deploys 'Syrian' Iron-Dome As Israeli Minister Claims US Preparing 'Surgical'
Strikes Against Iran { Israel
warns of possible pre-emptive strike in Syria... Key
facility hit? Kissinger:
Iran nuclear crisis close... [ Kissinger Predicts Nuclear War with Iran { This would be a zionist wet dream come
true! And, a disaster for literally everyone else, particularly for pervasively
corrupt, defact bankrupt america whose prior orwellian pro-israeli moves have
not turned out well for anyone including america except for israel, the war
profiteers and the military industrial complex as warned against by the
underrated but great president General Eisenhower! } Kurt Nimmo |
Characterizes looming conflict as “a turning point in human history.” { Riiiiight! That along with other
pro-israeli, u.s.-bankrupting contraindicated positions. The israeli lobby
doesn’t even have to pay kissinger for such folly! How ‘bout the turning point
being the misguided balfour declaration and the subsequent existing 200+
illegal israeli nukes! } Video: Globalist Kingpin Predicts Nuclear War with Iran Prison
Planet.com | Globalist kingpin, renowned war criminal and Rockefeller
co-conspirator Henry Kissinger is talking up a nuclear conflagration. {
Riiiiight! That along with other pro-israeli, u.s.-bankrupting contraindicated
positions. The israeli lobby doesn’t even have to pay kissinger for such folly!
How ‘bout the turning point being the misguided balfour declaration and the
subsequent existing 200+ illegal israeli nukes! } ]
Submitted by Tyler
Durden on 01/27/2013
Israeli PM Benjamin Netanyahu says his
nation must prepare for the threat of a chemical attack from Syria, amid
concern at enemy efforts to test a post-election coalition Israel, and has deployed its
new Iron Dome anti-missile system near the border with its northern
neighbor. Along with this concern, as many have perhaps suspected, the Israeli
Defense Minister confirmed yesterday that the US has prepared plans for a 'surgical' military
operation to delay Iran's nuclear program . As The
Jerusalem Post reports, Ehud Barak, added that in the past the US has
been heavy-handed but that under Barack Obama, the United States
has "prepared quite sophisticated, fine, extremely fine, scalpels," if the worse
comes to the worst - even though the Israeli preference would be to end the
nuclear threat diplomatically, calling for tougher sanctions (though he expressed doubt
that diplomacy would lead to success ). Just another
geopolitical hotspot that the world's markets choose to ignore in deference to
the one true leader - central bankers.
Submitted by Tyler
Durden on 01/27/2013
Everyone knows that for the better part
of the past year Apple was the world's biggest company by market cap. Most also
know that AAPL aggressively uses all legal tax loopholes to pay as little State
and Federal tax as possible, despite being one of the world's most profitable
companies. Many know, courtesy of our exclusive
from September , that Apple also is the holding company for Braeburn
Capital: a firm which with a few exceptions, also happens to be among the
world's largest hedge funds, whose function is to manage Apple's massive cash
hoard with virtually zero reporting requirements, and whose obligation is to
make sure that AAPL's cash gets laundered legally and efficiently in a way that
complies with prerogative #1: avoid paying taxes. What few if any know, is that
as part of its cash management obligations, Braeburn, and AAPL by
extension, has conducted a mindboggling $600 billion worth of gross
notional trades in just the past four years, consisting of buying and selling
assorted unknown securities , or some $250
billion in 2012 alone: a grand total which represents some $1 billion per
working day on average, and which puts the net turnover of some 99% of all
hedge funds to shame ! Finally, what nobody knows,
except for the recipients of course, is just how much in
trade commissions AAPL has paid on these hundreds of billions in trades to the
brokering banks , many (or maybe all) of which may have found this
commission revenue facilitating AAPL having a "Buy" recommendation: a
rating shared by 52, or 83% of the raters, despite the company's wiping out of
one year in capital gains in a few short months.
Submitted by Tyler
Durden on 01/27/2013
Employment is dead in the water because
opportunities for organic expansion are few and the cost basis of doing
business in the U.S. keep rising . That vise forces businesses large and
small to reduce labor costs while boosting productivity. There is no other way
to stay solvent in a post-bubble, over-capacity, over-indebted consumerist
economy awash in too much of everything but energy, common sense and fiscal
prudence.
{ We’ve never, in the entire history of economics,
finance, markets seen the disconnect from economic/financial reality and
fundamentals as pronounced and as great as now. The reality of modern-day
computer programs/algos/frauds at lightning computerized speed and sheer
desperation on fraudulent wall street whose ever larger protected frauds are
literally cheered by failed american leadership at every level. Right now,
though contraindicated, the superstitious January effect is in play and
manipulated to meet faux bullish expectations. Then too, without doubt, what
will be their excuse to not ‘sell in May and go away’ which really should be
the mantra at present, now, beyond the hot air, smoke and mirrors, fraud and
b***s*** we’re once again seeing in large measure, encouraged and received with
ebulliently poised irrational exuberance on wall street and in washington. Remember the ralleys in sympathy with Apple
exuberance, all of which we now know to have had a foundation of little more
than ‘apple sauce’. Total b***s***! What’s the next b***s*** story/sizzling
fraud? The ‘money’ being cashed out by these frauds has to come from someplace
(the real economy) and has already found a way into
understated/underreported inflation
rates (for a multiple of staples including food prices), lower margins through
higher costs thereby manipulated somewhat by currency manipulations, all of
which will be ‘coming due’ in a very big way to the downside, reality-based
blowout around the corner. }
AP Business
Highlights ...Yahoo Market
Update…
Metal News for the Day
1-28-13 Dave’s Daily: http://www.etfdigest.com ‘MARKING TIME: EARNINGS, ECONOMIC DATA, FED
MEETING 1-28-13 Durable Goods Orders were up (4.6% vs
1.6% expected & prior 0.7%) with the gain attributed primarily to aircraft
orders. Ex-Aircraft orders were modestly higher (1.3% vs 0.4% expected &
prior 1.2%). Pending Home Sales fell 4.3% with the National Association of
Realtors explaining the decline attributed to a lack of house inventory under
$100K. Seriously? Where do you find typical inventory like that beyond the REOs
of certain banks? The Dallas Fed Mfg Survey was stronger after revisions (5.5
vs 4.0 expected & prior revised from 6.8 to 2.5).Earnings from Yahoo
(Breaking news: YHOO
earnings beat estimates ), Facebook (FB) and
Amazon (AMZN) will be featured in the next few days affecting tech (QQEW) and
(XLK). Caterpillar (CAT) suggested future earnings between $7-$9 per share,
which is in the mid-range of analysts’ forecasts of $8.54. This is primarily
due to tepid U.S. growth while hopes for Chinese demand continue.The dollar
(UUP) was modestly higher and gold (GLD) continues to see selling of risk
assets. Commodity tracking ETF (DBC) continued hold its own due to heavy energy
weightings with oil (USO) and gasoline (UGA). Meanwhile grains rallied (JJG).
Bonds (TLT) are still much weaker.Stocks were led higher by technology (XLK)
while homebuilders (ITB) saw profit-taking on the weaker
housing data. The most meaningful story I noted from Monday was from Bloomberg noting that high global stock correlations are retreating making
sector choice more important than it’s been in years.Volatility could increase,
as this is a heavy week for earnings, economic data, and throw in a Fed meeting
for good measure. Remember, the Fed remains busy adding more
liquidity via POMO activity with another $5.8 billion and
change given to primary dealers. Volume still light and breadth per
Yahoo/Finance was mixed…’
http://theeconomiccollapseblog.com
http://albertpeia.com/fedmoneyprinting.htm
January 27, 2013 http://gainspainscapital.com
http://albertpeia.com/warningshot.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/waronusstreets.htm
Submitted by Tyler
Durden on 01/28/2013
Things in France must not be very
serious, because the French labor minister accidentally let the truth come out
a little earlier today. As the Telegraph
reports , France's labour minister sent the country into a state of shock on
Monday after he described the nation as “ totally bankrupt. "
Submitted by Tyler
Durden on 01/28/2013
Given our recent discussion ( here and here ) of the rising
importance of Africa in the world's power and money echelons, it is not
entirely surprising that the NY
Times reports that US
military command in Africa is actively preparing to establish a drone base in
northwest Africa to increase "unarmed surveillance missions on the
local affiliate of Al Qaeda and other Islamist extremist groups" that
American and other Western officials say pose a growing menace to the region.
It would appear Niger will be the most likely place for the base - from which
officials envision flying only unarmed surveillance drones though, of course,
they have not ruled out conducting missile strikes at some point if the threat
worsens. “This is directly related to the Mali mission, but it could also give
Africom a more enduring presence for I.S.R.,” one American military official
said Sunday, referring to intelligence, surveillance and reconnaissance.
Perhaps, actually scratch the " perhaps" , what is
really happening is the US now has a drone base with which to supervise
Chinese expansion in Northweast Africa , anda drone fleet to use defensively
and offensively as it sees fit.
Submitted by Tyler
Durden on 01/28/2013
Amid all of this messy thinking we miss the simple truth behind our material wealth : It has been
achieved through the accumulation, by us and inherited from our forefathers, of
a stock of highly configured and embedded tools that make human effort more
effective and things possible that never were before. And we turn our backs on this truth when we turn more and
more of these tools over to government bureaucrats . Profits are
but an intermediate end of capital investment. Its ultimate end, in fact, is
the material progression of our civilization. How easily we lose sight of this,
at our and our progeny's peril. We all want more economic growth, but we ignore
the means to get there: the onerous choices and commitments made along the
round-about path to those ends. We
even confuse the means with the ends.
Submitted by Tyler
Durden on 01/28/2013
Once again equity markets disconnected (positively) from their
risk-related cousins at around the European close and while
broad equity markets closed around unchanged, the weakness in HY credit, and
rise in VIX and Treasury bond prices as the day wore on told a slightly more
concerned story than stocks would suggest. AAPL rose helping the tech sector;
homebuilders saw their biggest loss in 5 weeks following weaker than expected
housing data; and CAT's incredulous rally on total lack of clarity for their
outlook provided just enough juice to keep the Dow near unchanged. S&P 500
futures fell rapidly to Friday's low as the US day session opened but found
support and oscillated around unch/VWAP for the rest of the day. The USD round-tripped from early strength to end
unchanged with GBP weakness and JPY strength. Oil rallied, Silver slipped, Gold
tracked the USD, but Treasuries' overnight
weakness halted instantly as the US day-session opened . Volume and
average trade size were low which combined with the VIX expansion and broad
risk-off suggests the equity rally is losing steam - but who knows anymore.
Submitted by Tyler
Durden on 01/28/2013
In yet another victory for not bowing to
the great-and-good of modern orthodoxy , Iceland has won a court ruling
that enables it to repay billions of Euros (in failed bank deposits to the UK
and Holland) on its own terms . Icesave
collapsed in 2008 and left thousands of depositors, who had chased higher
yielding deposits, with losses. The Dutch and British governments demanded
prompt payment; Iceland denied , preferring (rationally) to repay what
they could from the then-bankrupt entity. As RTE
notes , Icelanders in referenda twice voted against repayment schemes drawn up
by their government to satisfy the British and Dutch claims, leaving the estate
of Landsbanki to pay back the funds, which it has steadily done, instead of the
taxpayers of Iceland being force per se to fund this shortfall. The implication
being: Bank deposit insurance schemes in the European Economic Area are NOT
backed by government liability, neither explicitly nor implicitly - which could
well reignite concerns of the much-hoped-for Europe-wide deposit-guarantees.
Submitted by Tyler
Durden on 01/28/2013
That precious metals are not the best
friends of central banks, whose sole provenance is in creating, and lately
massively diluting, faith-based fiat currency is no secret, especially
not after the recent snafu involving the Bundesbank and its shocking gold
repatriation announcement which came in direct refutation of its public
statements just 2 months earlier about faith in the NY Fed this, and
bashing of a "phantom debate" on the safety of gold reserves that.
Yet it was not gold gold, silver or even tungsten that was the object of
derision in an amusing paper released by the ECB in early November titled
"Virtual Currency Schemes", which we profiled
at the time , but rather the decentralized electronic currency
BitCoin, which was supposed to highlight what, in the eyes of the Draghi-led
Frankfurt institutions, is nothing but a Ponzi scheme. Why the ECB suddenly
felt threatened so much by Bitcoin, it felt an imperative to issue a 55 page
paper decrying such electronic currencies we will never know. What we do know,
however, courtesy of a reminder by Bloomberg's Max Raskin , is that since the
publication of said paper, the value of Bitcoin as tracked by the Mtgox
exchange, has soared some 40% in just under three months, from a "fiat
equivalent value" of $13 to a most recent closing
price of $18.50 , and has doubled in the past 12 months alone.
Submitted by Tyler
Durden on 01/28/2013
There are numerous myths flying around
the screens we all remain glued to - from inflows suddenly becoming correlated
with equity market performance to a 'real recovery' in housing. TrimTabs CEO
Charles Biderman paid a brief but fact-full visit to CNBC's Rick Santelli and
the two somewhat skeptical gentlemen expounded on four of the critical
fallacies supporting hope in our markets currently. First, the last time inflows were this big we saw dramatic reversals
in stocks; and coincidentally, secondly, we also saw companies buying back less stock (in fact we
saw float rising at those periods) and sure enough that is what Biderman notes
is happening in January too. Third, current 'economic' euphoria appears due to
the drag forward of incomes into Q4 2012 due to tax
concerns (which is being spent/saved now) - however that means Q1 2013 and on
will be negatively impacted (even if we see a decent print in Q4 GDP) as that
pull-forward reverts; and finally, fourth, interest rates are rising and simultaneously refinances
have plunged - hurting the 'housing recovery' meme which has been the
driver of a lot of euphoria (be careful what you wish for). It appears
facts, once again, get in the way of a good story.
Submitted by Tyler
Durden on 01/28/2013
Yet another government data release, yet
another epic case of baffle with BS. As expected (and as pretweeted by us ) The headline
Durable goods orders was a massive 4.6% increase M/M, rising to $230.7 billion
from $220.7 billion, the biggest beat to expectations of a 2.0% headline print
since December 2011. A key reason for this was the ridiculous 56.4% explosion
in Nondefense aircraft and part from $5.1 billion to $7.9 billion, while
Nondefense aircraft soared by 10.1% to $14 billion. Excluding this incredibly
volatile data set, the headline number would have been a miss, and will likely
be revised lower next month, because the primary driver of the boost was
Boeing, which said it had received
183 orders in December, compared to 124 in November. One wonders how
many of these fully cancelable orders were for the Dreamliner. Ah details. And
more details: the only consistent series that matters for a credible Capital
Expenditure picture without monthly aberations, is the orders of Non-defense
Capital Goods excluding Aircraft category, which rose by a whopping 0.2% month
over month. But more importantly, looking at this on a Year over Year basis, as
this is a seasonal series and looking at it on a sequential basis makes zero
sense, we just experienced a whopping -4.3%, negating the transitory 1.5% Y/Y
bounce posted in November, and resuming the downward glideslope in the key
corporate CapEx indicator.
Submitted by Tyler
Durden on 01/28/2013
In one sense the trajectory of money is
similar to what recently occurred with Lance Armstrong which is that he
admitted to doping. The financial
markets have been living on the drugs provided by the world’s central banks and that has
been more and more and ever more money pumped into the system. We have become
addicted to the stuff and never mind that more pieces of green and blue paper
decrease the value of the currency because, with the possible exception of
gold, there is nowhere else to go and so the global slosh of capital keeps
driving the markets higher; all of the markets. Many point to the rise in the markets as a sign that
conditions are improving but this is not the case. If things were
getting better then the fundamentals would be telling a very different story.
Submitted by Tyler
Durden on 01/28/2013
Why? Because once it hits 0 in a few months,
it can't go any lower.
Submitted by Tyler
Durden on 01/28/2013
CAT beats
ex-Chinese fraud: $1.91, Exp. $1.70; Warns 2013 could be a " tough year "; sees 2013 EPS in
$7.00-$9.00 range, Exp. $8.54, sees Q1 sales well below Q1, 2012
Yi Warns on
Currency Wars as Yuan Close to ‘Equilibrium’ ( BBG )
Monte Paschi
seeks new investor as scandal deepens ( Reuters )
Assault Weapons
Ban Lacks Democratic Votes to Pass Senate ( BBG )
Toyota Again
World's Largest Auto Maker ( WSJ )
Curious why all
those Geneva Libor manipulators moved to Singapore? Bank probes find
manipulation in Singapore's offshore FX market ( Reuters )
Japan eased
safety standards ahead of Boeing 787 rollout ( Reuters ) - so like
Fukushima?
Goldman is
about to be un charge: Osborne cools on changing inflation target ( Telegraph )
Abe Predicts
Bump in Revenue as Japan Emerges From Recession ( BBG ) - actually,
"hopes" is the correct verb here
Toxic Smog in
Beijing Fueling Auto Sales for GM, VW ( BBG )
Fed waits for
job market to perk up ( Reuters ) ... any
minute now that S&P to BLS trickle down will hit, promise
BofA shifts
derivatives to UK ( FT )
Submitted by Tyler
Durden on 01/28/2013
While the overnight session has been
relatively quiet, the overarching theme has been a simple one: currency
warfare, as more of the world wakes up to what the BOJ is doing and doesn't
like it. The latest entrants in global warfare: Taiwan, whose central bank
overnight said it would step in the FX market if needed, then Thailand, whose
currency was weakened on market adjustment according to Prasarn, and of course
South Korea, where the BOK said that global currency war spreads protectionism.
Last but not least was China which brought out the big guns after the PBOC
deputy governor Yi Gang " warned
on currency wars ." To wit: "Quantitative easing for developed
economies is generating some uncertainties in financial markets in terms of
capital flows,” Yi, who is also head of China’s foreign-exchange regulator,
told reporters. “Competitive devaluation is one aspect of it. If everyone is doing super QE, which currency will
depreciate?” “A currency war, a series of tit-for-tat competitive
devaluations, would trigger trade protection measures that would damage global
trade and therefore growth globally,” said Louis Kuijs, chief China economist
at Royal Bank of Scotland Plc in Hong Kong, who previously worked for the World
Bank. “That would not be good for any country with a stake in the global economy.”
Which brings us to the fundamental question - if everyone eases, has anyone
eased? And is there such a thing as a free lunch when central banks simply
finance global deficits while eating their soaring stock market cake too? The
answer, of course, is no, but we will cross that bridge soon enough.
Submitted by RANSquawk
Video on 01/28/2013
Netanyahu
Deploys 'Syrian' Iron-Dome As Israeli Minister Claims US Preparing 'Surgical'
Strikes Against Iran { Israel
warns of possible pre-emptive strike in Syria... Key
facility hit? Kissinger:
Iran nuclear crisis close... [ Kissinger Predicts Nuclear War with Iran { This would be a zionist wet dream come
true! And, a disaster for literally everyone else, particularly for pervasively
corrupt, defact bankrupt america whose prior orwellian pro-israeli moves have
not turned out well for anyone including america except for israel, the war
profiteers and the military industrial complex as warned against by the
underrated but great president General Eisenhower! } Kurt Nimmo |
Characterizes looming conflict as “a turning point in human history.” { Riiiiight! That along with other
pro-israeli, u.s.-bankrupting contraindicated positions. The israeli lobby
doesn’t even have to pay kissinger for such folly! How ‘bout the turning point
being the misguided balfour declaration and the subsequent existing 200+
illegal israeli nukes! } Video: Globalist Kingpin Predicts Nuclear War with Iran Prison
Planet.com | Globalist kingpin, renowned war criminal and Rockefeller
co-conspirator Henry Kissinger is talking up a nuclear conflagration. {
Riiiiight! That along with other pro-israeli, u.s.-bankrupting contraindicated
positions. The israeli lobby doesn’t even have to pay kissinger for such folly!
How ‘bout the turning point being the misguided balfour declaration and the
subsequent existing 200+ illegal israeli nukes! } ]
Submitted by Tyler
Durden on 01/27/2013
Israeli PM Benjamin Netanyahu says his
nation must prepare for the threat of a chemical attack from Syria, amid
concern at enemy efforts to test a post-election coalition Israel, and has deployed its new Iron Dome anti-missile system near the
border with its northern neighbor. Along with this concern, as many have
perhaps suspected, the Israeli Defense Minister confirmed yesterday that the US
has prepared plans for a 'surgical'
military operation to delay Iran's nuclear program . As The
Jerusalem Post reports, Ehud Barak, added that in the past the US has
been heavy-handed but that under Barack Obama, the United States has "prepared quite sophisticated,
fine, extremely fine, scalpels," if the worse comes to the worst -
even though the Israeli preference would be to end the nuclear threat
diplomatically, calling for tougher sanctions (though he expressed doubt that diplomacy would lead to success ). Just another
geopolitical hotspot that the world's markets choose to ignore in deference to
the one true leader - central bankers.
Submitted by Tyler
Durden on 01/27/2013
Everyone knows that for the better part
of the past year Apple was the world's biggest company by market cap. Most also
know that AAPL aggressively uses all legal tax loopholes to pay as little State
and Federal tax as possible, despite being one of the world's most profitable
companies. Many know, courtesy of our exclusive
from September , that Apple also is the holding company for Braeburn
Capital: a firm which with a few exceptions, also happens to be among the
world's largest hedge funds, whose function is to manage Apple's massive cash
hoard with virtually zero reporting requirements, and whose obligation is to
make sure that AAPL's cash gets laundered legally and efficiently in a way that
complies with prerogative #1: avoid paying taxes. What few if any know, is that
as part of its cash management obligations, Braeburn, and AAPL by
extension, has conducted a
mindboggling $600 billion worth of gross notional trades in just the past four
years, consisting of buying and selling assorted unknown securities , or some $250 billion in 2012 alone: a grand total which
represents some $1 billion per working day on average, and which puts the net
turnover of some 99% of all hedge funds to shame ! Finally, what
nobody knows, except for the recipients of course, is just how much in trade commissions AAPL has paid on these
hundreds of billions in trades to the brokering banks , many (or
maybe all) of which may have found this commission revenue facilitating AAPL
having a "Buy" recommendation: a rating shared by 52, or 83% of the
raters, despite the company's wiping out of one year in capital gains in a few
short months.
Submitted by Tyler
Durden on 01/27/2013
Employment is dead in the water because
opportunities for organic expansion are few
and the cost basis of doing business in the U.S. keep rising . That vise
forces businesses large and small to reduce labor costs while boosting
productivity. There is no other way to stay solvent in a post-bubble,
over-capacity, over-indebted consumerist economy awash in too much of
everything but energy, common sense and fiscal prudence.
{ We’ve never, in the entire history of economics,
finance, markets seen the disconnect from economic/financial reality and
fundamentals as pronounced and as great as now. The reality of modern-day
computer programs/algos/frauds at lightning computerized speed and sheer
desperation on fraudulent wall street whose ever larger protected frauds are
literally cheered by failed american leadership at every level. Right now,
though contraindicated, the superstitious January effect is in play and
manipulated to meet faux bullish expectations. Then too, without doubt, what
will be their excuse to not ‘sell in May and go away’ which really should be
the mantra at present, now, beyond the hot air, smoke and mirrors, fraud and
b***s*** we’re once again seeing in large measure, encouraged and received with
ebulliently poised irrational exuberance on wall street and in washington. Remember the ralleys in sympathy with Apple
exuberance, all of which we now know to have had a foundation of little more
than ‘apple sauce’. Total b***s***! What’s the next b***s*** story/sizzling
fraud? The ‘money’ being cashed out by these frauds has to come from someplace
(the real economy) and has already found a way into understated/underreported inflation rates (for a multiple of staples
including food prices), lower margins through higher costs thereby manipulated
somewhat by currency manipulations, all of which will be ‘coming due’ in a very
big way to the downside, reality-based blowout around the corner. }
AP Business
Highlights ...Yahoo Market
Update…
Metal News for the Day
1-25-13 Dave’s Daily: http://www.etfdigest.com ‘THE DRIVE TO
NEW HIGHS 1-25-13 Bulls and portfolio managers often feel peer pressure to not be
left out of any major market moves and thus will start chasing certain target
levels to achieve market performance. We’re not immune to the pressure either
but as disciplined trend followers, we’re aligned with the bulls for now. Many
normally effective and reliable technical indicators can be easily steamrolled
by the Fed and other central bank liquidity. Investors don’t know where to
invest beyond stocks presently as alternatives don’t produce enough alpha (performance) than equity
markets. The chart below
clearly displays the effect of ZIRP and QE on the most sensitive stock sector
and others:
http://albertpeia.com/daveschart12513.gif
When the music
(money printing) stops things could get quite ugly. Until then, even reluctant
investors, must steel themselves up and go. Most portfolio managers, including us, are expecting some
correction, but thus far none seems likely as every dip is bought. And, not
much investing is being done unhurriedly, as frenetic episodes of trading
continue as with Apple (AAPL) and Netflix (NFLX).We’re starting to see interest
rates rise along with stocks, which could feed on itself . Imagine what would happen to interest payments on U.S. debt if this
should happen abruptly, not to mention stock markets. Well, that’s for another
day. For now the Fed is feeding bulls.In the UK, GDP growth fell to -0.3% vs
0.9% previously as the Olympic Games ’ stimulus faded. This is why the
Bank of England restarted its money printers to forestall the possibility of a
recession. Business confidence in Germany rose once again. The ECB reported
that LTRO loans are being repaid early, mostly from Spanish banks, to the tune
of $184 billion. Asian shares were weaker first as South Korea and Samsung
shares fell due to the strong won currency. China stocks (Shanghai Index) fell
to a one week low as some investors there fretted about valuations.In the U.S.,
New Home Sales fell (369K vs 388K expected & prior, revised higher, to 398K
vs 377K) which didn’t seem to faze homebuilders (ITB) too much.Earnings news from
Procter & Gamble (PG) was well-received and Halliburton (HAL) beat lowered
expectations even as profits fell 26%. That’s the old Wall Street game—CFOs
downgrade expectations, analysts comply, then earnings beats become ubiquitous
and stocks rise.There is a good bit of rotation still taking place as U.S.
shares are more in play at the expense of Asia and emerging markets for
example. Risk assets, commodities (DBC) and precious metals (GLD) are less
attractive if only currently as the drive toward stocks is primary. The dollar
(UUP) was weaker as were bonds (TLT). Volume is still substantially below the prior three-month average, which
was also lighter than the previous three-month average. Breadth per the WSJ was
positive…’
{ We’ve never, in the entire history of economics,
finance, markets seen the disconnect from economic/financial reality and
fundamentals as pronounced and as great as now. The reality of modern-day
computer programs/algos/frauds at lightning computerized speed and sheer
desperation on fraudulent wall street whose ever larger protected frauds are
literally cheered by failed american leadership at every level. Right now,
though contraindicated, the superstitious January effect is in play and
manipulated to meet faux bullish expectations. Then too, without doubt, what
will be their excuse to not ‘sell in May and go away’ which really should be
the mantra at present, now, beyond the hot air, smoke and mirrors, fraud and
b***s*** we’re once again seeing in large measure, encouraged and received with
ebulliently poised irrational exuberance on wall street and in washington. Remember the ralleys in sympathy with Apple
exuberance, all of which we now know to have had a foundation of little more
than ‘apple sauce’. Total b***s***! What’s the next b***s*** story/sizzling
fraud? The ‘money’ being cashed out by these frauds has to come from someplace
(the real economy) and has already found a way into
understated/underreported inflation
rates (for a multiple of staples including food prices), lower margins through
higher costs thereby manipulated somewhat by currency manipulations, all of
which will be ‘coming due’ in a very big way to the downside, reality-based
blowout around the corner. }
German
Gold Repatriation http://www.wealthdaily.com/articles/german-gold-repatriation/3918
Trust No Longer Exists ‘The big news last week was the initial announcement by
Germany that they would be repatriating their gold back to Germany and the
political rhetoric that followed…..Matt Taibbi, the reporter from Rolling
Stone Magazine who recently wrote a scathing
commentary on the 2008 government bailout lies, said the following: But the most appalling part is the
lying. The public has been lied to so shamelessly and so often in the course of
the past four years that the failure to tell the truth to the general populace
has become a kind of baked-in, official feature of the financial rescue. Money
wasn't the only thing the government gave Wall Street – it also conferred the
right to hide the truth from the rest of us. And it was all done in the name of
helping regular people and creating jobs. "It is," says former
bailout Inspector General Neil Barofsky, "the ultimate
bait-and-switch."
The bailout deceptions came early,
late and in between. There were lies told in the first moments of their
inception, and others still being told four years later. The lies, in fact,
were the most important mechanisms of the bailout. The only reason investors
haven't run screaming from an obviously corrupt financial marketplace is
because the government has gone to such extraordinary lengths to sell the
narrative that the problems of 2008 have been fixed. Investors may not actually
believe the lie, but they are impressed by how totally committed the government
has been, from the very beginning, to selling it.
It’s all just a pile of lies and grand
deceptions to keep the people in the dark.
http://theeconomiccollapseblog.com
http://albertpeia.com/gaprichpoor.htm
Submitted by Tyler
Durden on 01/25/2013
Sure, the retail "investors"
are coming back into the "markets"... They are coming
back in shifts . And just so they know what to expect, here is
what happened to Apple stock in the last second of regular trading today, courtesy of Nanex . Unlike
traditional flash crashes where the trade is an HFT error, or a few shares
traded through the entire bid or offer stack, in this case it looks like a very
premeditated unloading of some 800K shares (some $350 million worth) of AAPL in
the last second, with the full knowledge it was shake the market. Why anyone
would want (or wait until the very last second) to do that, while covering the
offsetting ES
short in the pair trade , to ramp the market into the close, is anyone's guess.
Submitted by Tyler
Durden on 01/25/2013
Today's reminder of the importance of taking physical delivery of gold at the best
price possible comes from Singapore.
Submitted by Tyler
Durden on 01/25/2013
Nassim Taleb sits down for a quite
extensive interview based around his new book Anti-Fragile. Whether the Black
Swan best-seller is philosopher or trader is up to you but the discussion is
worth the time as Taleb wonders rigorously from the basic tenets of capitalism - "being
more about disincentives that incentives" as failure (he believes) is
critical to its success (and is clearly not allowed in our current environment)
- to his intellectual influences (and total disdain for the likes of Krugman, Stiglitz, and Friedman - who all
espouse grandiose and verbose work with no accountability whatsoever). His
fears of large centralized states (such as the US is becoming and Europe is
become) being prone to fail along with his libertarianism make for good
viewing. However, his fundamental premise that TBTF banks should be
nationalized and the critical importance of
'skin in the game' for a functioning financial system are all so
crucial for the current 'do no harm' regime in which we live. Grab a beer (or
glass of wine, it is Taleb) and watch...
Submitted by Tyler
Durden on 01/25/2013
"Regardless of what the markets do
near-term, a correction is overdue ," Marc
Faber tells Bloomberg TV's Betty Liu. From discussing Europe's 'apparent'
stabilization - "anything can go up when you print money"; to US
equity exuberance - "a correction is overdue and February is a seasonally
weak month"; Faber sees no change from Geithner's handover to Lew as he
opines: "The only thing I know is one day the markets will punish the interventionists , the
Keynesians and the monetary policy that the Federal Reserve and ECB has
enforced because the markets will be more
powerful one day . How will this look like? Will the bond market collapse
or equity markets become a bubble, which would be embarrassing
for the Fed's sake if the U.S. market became a gigantic bubble and at the same
time the economy does not recover. "
{ We’ve never, in the entire history of economics, finance, markets seen
the disconnect from economic/financial reality and fundamentals as pronounced
and as great as now. The reality of modern-day computer programs/algos/frauds
at lightning computerized speed and sheer desperation on fraudulent wall street
whose ever larger protected frauds are literally cheered by failed american
leadership at every level. Right now, though contraindicated, the superstitious
January effect is in play and manipulated to meet faux bullish expectations.
Then too, without doubt, what will be their excuse to not ‘sell in May and go
away’ which really should be the mantra at present, now, beyond the hot air,
smoke and mirrors, fraud and b***s*** we’re once again seeing in large measure,
encouraged and received with ebulliently poised irrational exuberance on wall
street and in washington. Remember the
ralleys in sympathy with Apple exuberance, all of which we now know to have had
a foundation of little more than ‘apple sauce’. Total b***s***! What’s the next
b***s*** story/sizzling fraud? The ‘money’ being cashed out by these frauds has
to come from someplace (the real economy) and has already found a way into
understated/underreported inflation
rates (for a multiple of staples including food prices), lower margins through
higher costs thereby manipulated somewhat by currency manipulations, all of
which will be ‘coming due’ in a very big way to the downside, reality-based
blowout around the corner. }
Submitted by Tyler
Durden on 01/25/2013
Drip...drip...drip... day by day, stocks
leak higher, gradually inching up to record nominal highs; credit yields
compress to record lows (and spreads near record pre-crisis tights); and
volatility compresses (realized and implied) to near all-time-record lows. We
have discussed the positioning of the market (S&P 500 futures at their net
longest since 2007), crowded nature (JPY Shorts and NKY Longs), and sentiment
(AAII Bulls near record highs). But, it is Credit Suisse indicator of risk
appetite that should be worrisome for most investors. With Credit Risk Appetite well beyond any previous record high
and Global Risk Appetite at its highest since 2006 , perhaps it is
time to consider the hedging discussion we had yesterday? With the euphoria
dramatically dislocated from fundamentals and empirical world wealth
trough-to-peak moves indicating a turning point, the lack of bearish arguments
is deafening.
Submitted by Tyler
Durden on 01/25/2013
This objective report concisely
summarizes important macro events over the past week. It is not geared to
push an agenda. Impartiality is necessary to avoid costly psychological
traps, which all investors are prone to, such as confirmation, conservatism,
and endowment biases.
Submitted by Tyler
Durden on 01/25/2013
In a week dominated by prognosticators
pointing reflexively to a nominal price index flashing green on their TV as
indication that all is well in the world, Bob Shiller provides some much-needed
healthy skepticism on not just the state of the housing market but the broad
economy itself. While Bloomberg TV's Tom Keene presses his short-term
anchoring-biased view of a world heading for much better growth and a US
housing recovery that will seemingly save us all; Shiller warns we have seen
this before (in 2009's housing market) and that the housing decline could go on . When Keene
tries to translate the market's performance into economic performance
expectations, Shiller responds "you are talking to wrong man." From the fact
that we should be growing super-normally now to return to 'normal' market
conditions to his view of many
more years to go in this stagnation , four minutes of Shiller's
historical prescience is the perfect foil to the tick-watching talking-heads
exuberance (especially in light of today's
dismal new home sales ).
Submitted by Tyler
Durden on 01/25/2013
It is funny what one finds when one
actually looks at the data behind the headlines, such as in this case the
trumpeted amazing return of investors to the US stock market. Because what one
does find is that after that one blistering week after the new year, in which
wealthy individuals dumped cash they had put aside (for lack of knowledge of
what the dividend tax would be in 2013), we now have, for the second
week in a row, seen a material outflow from US equity funds as tracked
by Lipper, bringing the total two week outflow from the domestic equity sector
to some $5.8 billion. Oh, and the great non-rotation out bonds continues with some $8.5
billion pumped into taxable bond funds and $2.3 billion into municipal bonds in
the past two weeks.
Submitted by Tyler
Durden on 01/25/2013
Fed Pushes Into
‘Uncharted Territory’ With Record Assets ( BBG )
Next up in the
currency wars: Korea - Samsung Drops on $2.8 Billion Won Profit-Cut Prediction
( BBG )
China Warns
‘Hot Money’ Inflows Possible on Easing From Abroad ( Bloomberg )
BOJ Shirakawa
affirms easy policy pledge but warns of costs ( Reuters )
Merkel Takes a
Swipe at Japan Over Yen ( WSJ )
Wages in way of
Abe’s war on deflation ( FT )
Italian PM
under fire over bank crisis ( FT )
Senior
officials urge calm over islands dispute ( China
Daily )
Spain tries to
peel back business rules ( FT )
Rifts Over
Cyprus Bailout Feed Broader Fears ( WSJ )
Soros Says the
Euro Is Here to Stay as Currency War Looms ( BBG )
Submitted by RANSquawk
Video on 01/25/2013
AP Business
Highlights ...Yahoo Market
Update…
Metal News for the Day
1-24-13
Dave’s Daily: http://www.etfdigest.com
‘APPLE’S STILL OVER-OWNED? 1-24-13 (and over-loved!) Most news away from Apple was positive. China’s Mfg PMI rose to 51.9 vs
51.5 (best in 2 years); Europe’s PMI rose to 48.2 vs 47.02 (still below 50 but
rising); and, U.S. Jobless Claims fell (330K vs 360K expected & prior
335K). Superficially this looks great but little mentioned was during the first
week of January 365.8K people lost their benefits and fell of the rolls. This
means the unemployment rate should decline but the participation rate and
numbers of people working won’t look good—but, algos don’t look under the hood
too much. Also Flash PMI spiked to 56.1 vs 54 previously and Leading Indicators
rose (.5% vs .4% expected & prior 0.0%). Lastly Leading Indicators also
rose (.5% vs .4% expected & prior 0.00%) and the little noticed Kansas City
Fed Mfg Index fell (-2 vs 2 expected & prior -1) which is only notable
since its negative reading jives with NY, Richmond and Philly Fed
reading.Overseas markets were doing well until North Korea threatened another
nuclear bomb test.With little fanfare the Fed announces its balance sheet is now
in excess of $3 trillion. Let that swirl around in your brain.Earnings from
Netflix (NFLX) allowed the stock to explode 40% even as the company will only
breakeven in the next quarter. This likely was the short squeeze from hell in
addition to some irrational enthusiasm. Energy (XLE) sectors were higher led by
bigger name DJIA components like (XOM) and (CVX).Risk assets like gold (GLD)
and other metals remain out of favor as investors seek alpha via stocks. The
dollar (UUP) was flat and bond (TLT) prices weakened as stocks rose.Apple
(AAPL) earnings caused a heavy sell-off in stocks as iPhone sales and margins
remain under pressure. Apple’s outsized weighting negatively affected tech
(XLK) and (QQQ) dragging these sectors lower. I’ve pointed out for some time
that Apple was, by a long shot, the largest holding of hedge funds as of
September 2012. Many mutual funds and pension plans held the stock as a “must
own”. The inevitable margin squeeze from competition is the final shoe to drop.
In China the most popular device is from China Wireless where its Coolpad sells
for $100.Financials (XLF ), transports (IYT) and select retail (XRT) sectors led markets higher
despite Apple giving the market a flat tire.Volume overall did pick up on
Thursday in two-way action. Breadth per the WSJ was mildly positive…’
http://thetruthwins.com
http://albertpeia.com/humanplagueonearth.htm
{ It really doesn’t matter what they believe; but rather,
it’s what is, that counts. Anyone with average intelligence or better, if
they’ve been paying attention, ineluctably must conclude that humans are a ‘net
negative’ in real terms. That will never change! Human beings are, on balance,
inherently destructive. Fortunately, universally, there is no significant
impact inasmuch as the human plague is confined to this solar system; and, for
all intents and purposes, to this dying planet. Remember, there’s just decades
left at best! }
http://thetruthwins.com
http://albertpeia.com/dominationcontrolgrid.htm
{ First and foremost
clarification: There are no elite on this planet. The grim reality for this
planet is a dominant species descended from initially notochords, primitive
chordates, and relatively more recently, primitive apes. http://albertpeia.com/anthroindex1.htm , for a brief
but sorrowful history of man. }
[ 12 Pictures That Demonstrate
How The New World Order Openly Mocks Us http://albertpeia.com/newworldordervedgesmockus.htm { First, let me say that the vedges of the
so-called new world order are in no real position to mock anyone, so mockable
as they indeed are, as the incompetent vegetables that they in fact are, who
have been the very architects of ultimately their own and the planet’s decline,
fall, and demise. Yet, there is no question but that the ‘masses’ so mocked,
deserve to be mocked, having embraced their dismal fate at every turn; viz.,
their embrace of ‘political correctness’, though contraindicated, as, ie., the
embrace of the violent, destructive nigger who literally would have them for
dinner, or the compulsion to embrace that which the state says is right, though
contraindicated, for political expedience owing to failure fed (including the
incompetent missteps of the failed fed) desperation, ie., gay marriage, etc.,
contrived wars / conflicts, among other clearly observable, self-interested
behavior of people, companies, nations, including the gargantuan bailed out
frauds on wall street to everyone’s (but the frauds’) detriment, still
unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has
not been held to even one of his former now broken campaign promises and is
embraced by those foolish enough to believe more of the same is testament to
how deserving of mocking the masses truly are (people should be outraged and
wobama should be ‘ridden out on a rail’). Make no mistake; the reality is that
the ‘new world order’/so-called ‘elite’ are not elite at all; but rather,
incompetent vegetables who can’t do anything right as they’ve now proven time
and time again. As I previously said:http://thetruthwins.com
http://albertpeia.com/allfornaught.htm
[ And such would be all for naught,
in any event. CNN: Your
Behavior Will Be Controlled by a Brain Chip Paul Joseph
Watson | Smart phone will be implanted within 75 years. { 75 years? This
world ain’t got 75 years … decades at best! For those
‘glass-half-full-reality-be-damned’ types, the bright side is that there will
still be that desolate ‘third rock from the sun’; which, like ‘old man river’,
will just keep rollin’ along (around the sun). } ]
Submitted by Tyler
Durden on 01/24/2013
that's not true. The Fed's balance
sheet, from a transaction basis, topped $3 trillion some 5-6 weeks ago. The only
reason the Fed reported a $3 trillion number in today's H.4.1 , or $3.013,333
trillion to be precise, is because all those MBS purchased in September and
October following the September 13 reactivation of QE4EVA finally settled. In
reality, the Fed's balance sheet is now some $3.12 trillion as there is about a
$80-$120 billion lag between what the Fed has actually purchased, and what has
settled. Luckily, at least Treasury purchases take far less to settle.
Submitted by Tyler
Durden on 01/24/2013
Updated for the summary of MSFT, SBUX and T earnings.
Amid the deafening screams of hundreds
of hedge fund managers looking for any hedging port in an AAPL storm, stock
indices (expect the Nasdaq) surged to new highs from the moment the US
day-session began until POMO was complete and European markets closed. Volume
and block size was large as we took out S&P 500 highs up to 1500 and it
appeared we ran out of the short-term proverbial great fool. In general,
risk-assets and stocks were well correlated though the big disconnect today was a rising VIX . HY Credit did
not play along with the exuberance early on either - as it seemed relatively
clear that any and every trick in the book was being used to enable more out of
the AAPL boat as we ramped up to VWAP. Once Europe had closed, AAPL slid,
stocks slid (with S&P 500 dropping its most of 2013 so far), and
risk-assets in general slid lower. JPY weakness and EUR strength helped support risk but Treasury
yields falling back and a drop in commodities overall (Gold -0.9% on the week)
had the opposite effect. The typical late-day ramp failed despite the best
efforts of vol compression as stocks
closed almost unch, at VWAP, in line with risk-assets (ahead of
tomorrow's LTRO news). AAPL at lows as ramp failed...
Submitted by Tyler
Durden on 01/24/2013
We guess Americans just haven’t heard of a little something called the
stock market . Isn’t that right Bernanke? Wasn’t the stock
market rally you engineered supposed to make everyone feel all nice and
confident? Well the great middle class squeeze continues, as the stock
market is for the 1% what food stamps are for the poor. They are just
strategies to keep these groups apathetic and obedient. The middle class isn’t buying it though , as is evidenced by
this recent Gallup Poll conducted January 7-10, 2013.
Submitted by Tyler
Durden on 01/24/2013
Just when the Super Goldman Mario Bros
(Monti and Draghi) told us everything is fine in Europe, and it is not only
safe but encouraged to get back in the pool, the first canary of 2013 just
died.
Submitted by Tyler
Durden on 01/24/2013
From the highs this morning as European
markets closed, S&P 500 futures have plunged 11.5 points. Doesn't sound
like much - but this is in fact the largest intraday swing of 2013 ...Keep calm and BTFD.
Submitted by Tyler
Durden on 01/24/2013
With eight months left until million of
Americans are supposed to begin shopping at online markets created by the
Obamacare 'tax' law, the insurance industry is concerned at the government's lack of
readiness . Bloomberg reports that Jim Donelon, the head of the
National Association of Insurance Commissioners, suggested that President Obama
may need to delay the implementation
of the health-care overhaul or "risk chaos" when the subsidized plans
go on sale later this year . While it is clear that the
administration has shown no sign of seeking a delay, Donelon notes that
"...to rush into implementation before it's ready would not be in the
President's best interest."
Submitted by Tyler
Durden on 01/25/2013
Ours is a dysfunctional debt-based Empire that buys the complicity of its
debt-serfs with entitlement bread and circuses. The road to
debt-serfdom is paved by the banks and enforced by the Central State. If there
is any point that is lost on ideologues, Progressive and Conservative alike, it
is this: the first-order servitude and second-order tyranny of debt-serfdom can
only occur if the banks' power is extended and protected by an expansive
Central State.
Submitted by Tyler
Durden on 01/25/2013
The World Gold Council and leading
academics and international think tanks believe that using a portion of a
nation's gold reserves to back sovereign debt would lower sovereign debt yields
and give some of the Eurozone's most distressed countries time to work on
economic reform and recovery. According to research done by the World Gold
Council using the European gold reserves as collateral for new sovereign debt
issues would mean that without selling an ounce of gold, Eurozone countries
could raise €413 billion. This is over 20% of Italy's and Portugal's two year
borrowing requirements. The move to back sovereign bonds with gold would
lower sovereign debt yields, without increasing inflation, which would help to
calm markets. This should give European countries some vital breathing space to
work on economic reform and recovery. Some citizens would be concerned that
there may be a risk that the sovereign nations who pledge their gold as
collateral could ultimately end up losing their gold reserves to the ECB, or
whoever the collateral of the gold reserves are pledged to, in the event of a
default. Unlike currency debasement and the printing and electronic creation of
money to buy sovereign debt, under schemes such as Draghi's “outright monetary
transactions” (OMT), the use of gold as collateral would not create fiscal
transfers between Eurozone members, long term inflation or currency devaluation
risk.
Submitted by Tyler
Durden on 01/25/2013
It is funny what one finds when one
actually looks at the data behind the headlines, such as in this case the
trumpeted amazing return of investors to the US stock market. Because what one
does find is that after that one blistering week after the new year, in which
wealthy individuals dumped cash they had put aside (for lack of knowledge of
what the dividend tax would be in 2013), we now have, for the second
week in a row, seen a material outflow from US equity funds as tracked
by Lipper, bringing the total two week outflow from the domestic equity sector
to some $5.8 billion. Oh, and the great non-rotation out bonds continues with some $8.5
billion pumped into taxable bond funds and $2.3 billion into municipal bonds in
the past two weeks.
Submitted by Tyler
Durden on 01/24/2013
We have noted
the odd cyclicality in macro data (and its leading
effect on the market ) and it seems Goldman Sachs has also noticed that
something is different this time. For
15 years, the seasonal patterns in Goldman's macro index have been mild to
totally negligible; but since 2009, something changed. As the chart
below indicates, it really is different this time as the macro cycle has become
extremely short and consistent (drop in H1, rise in H2) - and is evident not
just top-down but bottom-up in payrolls and ISM for instance. Goldman expounds
pages of statistical jiggery-pokery to show what we suspected - that this is not weather or seasonality effects , and is not just
US (UK and Europe see same pattern of six month cycles); but appears driven by central-bank policy actions (which
have been more concentrated in Q4/Q1). 2013 is playing out exactly as the last
three years has - with a downdraft that is set to continue for the next few
months - though they note that stability in oil prices this time (and recent
expansion of easing efforts - Fed and BoJ) may shift the pattern. For now, it
appears the macro cycle is becoming shorter and warrants concern as they are
unable to find anything but 'reality' as a driver of this odd cyclical pattern
as the real economy fades rapidly after each and every infusion of promises from
the Central Banks.
Submitted by Tyler
Durden on 01/24/2013
... is not the economy, which as we
pointed out earlier just crossed into "worst recovery ever"
territory, or even actual layoff events. The reason is, as always when there is
a massive "beat" in any US economic data, the same tried and true
estimation magic out of the BLS appearing so conveniently at appropriate times,
which estimated the
claims numbers of 3 states, among which those of the most populous: California.
Submitted by Tyler
Durden on 01/24/2013
If there was one day needing some truly
epic distraction from the bloodbath of the world's most widely held stock (held
by some 231 hedge funds as of September 30, and countless mutual and other
plain vanilla funds), it was today. And sure enough, it came courtesy of the
S&P, which "restored" confidence that 'all is well' after it just
crossed 1500 for the first time since 2007. The only thing missing were
balloons falling from the sky saying "all is well, keep calm, the NY
Fed-Citadel fat trading pipe is working perfectly and will keep buying stuff as
long as needed." It would appear the Long-AAPL, short S&P trade is in full unwind mode - and we note
that trade size is large up here.
Submitted by Tyler
Durden on 01/24/2013
With the world and his mum applauding
day-after-day as the nominal price of the major equity indices push to either
i) all-time highs, or ii) post-crisis highs; and any and every measure of
'fear' (e.g. volatility and credit spreads) is repressed to limit-zero; there
is an annoying glitch in the new
market-based reality that has become our barometer of how we feel. Since the
2009 lows, every new market high has been confirmed by the Nasdaq -
until now that is - as the divergence between the tech-dominated 'new normal' index and the
rampacious Dow Transports or Industrials (dominated by one or two names each
and every day) has grown significantly. The worrying chart below, perhaps
suggests that the broad Nasdaq index is
about to begin the down leg of a major head-and-shoulders pattern - helped by
none other than 'most-held' Apple. Are non-Nasdaq indices being driven by the
hedge unwinds against this mega-holding?
Submitted by Tyler
Durden on 01/24/2013
If there was any debate whether the
Fed's policies have helped the economy or just the
market (and specifically the Bernanke-targeted Russell 2000), the following two
charts will end any and all debate. As the following chart from the St Louis Fed shows, as of
the just completed quarter, US GDP "growth" since the
"recovery" is now
the worst in US history, having just dipped below the heretofore lowest on
record.
Submitted by Tyler
Durden on 01/24/2013
The present is a time when things are in great confusion. We are
creating money from nothing and yet enjoying the fruits of their labors. The
economies in Europe and in Japan and America are worsening and yet yields for
their sovereign debt are barely off all-time lows. The stock markets of the
world, following the 2008/2009 financial crisis, are back at new highs. All of
this has taken place because the world’s central banks, acting in concert, have
pumped enough small pieces of paper into the fire to keep it burning long into
the night and so all of the markets on the planet have been stoked with fuel. When the fundamentals of the markets are out of line with
their performance then history teaches us that at some point rational behavior
will cause a correction. It was just five years ago when the world
learned a rather harsh lesson. It was a lesson that cost Americans 36% of their
wealth.
Submitted by Tyler
Durden on 01/24/2013
While it is unclear how many states'
data the BLS had to estimate today, the weekly initial claims print was
impressive, sliding even lower than last week, when it came at 335K, and
refuting expectations of a rise to 355K, instead reversing and printing the
lowest weekly
number since January 2008: 330K . What is impressive is that the NSA
number dropped by a whopping 120K in the past week, making one wonder how much
of the ongoing moves are simply a seasonal adjustments mismatch (a question even
Goldman asked last night). Perhaps just as curious is that a whopping 365,641
people dropped off Extended Claims in the first week of January, unclear if
this had anything to do with the Fiscal Cliff can kicking: certainly a third of
a million Americans suddenly stopped receiving weekly jobless claims benefits
from Uncle Sam. The biggest news from this is that with so many people dropping
out of the labor force, the January unemployment rate will truly plunge, which
is precisely the red flag observed by traders, and is the reason why the market
is not taking this news in stride. Remember - all it takes for the end of
endless QE is a stable improvement in the labor pool. Could this be it? Of
course not, but doubts are starting to emerge.
Submitted by Tyler
Durden on 01/24/2013
When the cash
runs out: Nokia to Omit Dividend for First Time in 143 Years ( BBG )
Passing Debt
Bill, GOP Pledges End to Deficits ( WSJ )
Japan logs
record trade gap in 2012 as exports struggle ( Reuters )
so naturally...
Yen at 100 Per Dollar Endorsed by Japan Government’s Nishimura ( BBG )
Japan rejects
currency war fears ( FT )
In Amenas
attack brings global jihad home to Algeria ( Reuters )
Investors grow
cagey as Italy election nears ( Reuters )
Mafia Victim’s
Son Holds Key to Bersani Winning Key Region ( BBG )
Bernanke Seen
Pressing On With Stimulus Amid Debate on QE ( BBG )
U.S. to lift
ban on women in front-line combat jobs ( Reuters )
Red flags
revealed in filings of firm linked to Caterpillar fraud ( Reuters )
Apple Sales Gain
Slowest Since ’09 as Competition Climbs ( BBG )
Spanish Jobless
Rate Hits Record After Rajoy’s First Year ( BBG )
North Korea
Threatens Nuclear Test to Derail U.S. Policies ( BBG )
AP Business
Highlights ...Yahoo Market
Update…
Metal News for the Day
1-23-13
Dave’s Daily: http://www.etfdigest.com ‘APPLE MISSES, IBM CARRIES THE DAY 1-23-13
Markets are quickly surpassing September
2012 highs not led so much by great earnings as by Fed liquidity and ZIRP.
That’s about the size of things. Theoretically this action will continue until
it can’t if good economic news will force interest rates to rise and the Fed to
back off. Just imagine what would happen to our national interest expense if
interest rates rose on this huge debt and deficits! Then the public and
investors will take notice. In the meantime any stock market dips will be
bought it seems steamrolling conventional technical indicators. Not that many noticed but Fed Minutes from 2007 have been released and it
is well-noted if not ignored how inept Fed governors, including Bernanke, were
in regards to the impending financial crisis. Most blew-off concerns about Bear
Stearns, Countrywide and other troubles except for Fed Governor Richard Fisher.
A quick summary is here with the conclusion of how little there really is in the way of
transparency. Obviously, this is just a speed bump for today’s rally as today
alone another $5.7 billion in bond buying took place. Markets are doing
nothing in a small way as Netflix (NFLX) beat expectations (meaning the company
will “breakeven” going forward) sending the stock soaring by nearly 25%. This
is silly behavior .
IBM’s trading and weighting Wednesday accounted
for the “entire gain” in the DJIA. So, if you’re looking at your portfolio and didn’t see much
movement it’s because you didn’t own IBM. Lagging sectors Wednesday included
financials (XLF) and most consumer related sectors (XLP) and (XRT) for example. Important Apple’s (AAPL) earnings came in at $13.81 vs $13.84 which put
the stock sharply lower initially. It appears that Apple is facing strong
competition globally and China in particular as China Wireless is selling
comparable devices for less than $100. I was waylaid today by outside
appointments so this recap will be short. The dollar
(UUP) ended flat despite a wide intraday range while gold (GLD) higher early
fell. Commodities (DBC) were flat as most “risk assets” fell to advancing
stocks. Bonds (TLT) were weaker with stocks rising. Volume remains
ultra-light as SPY trades less than 100M shares again. Breadth per the WSJ was
actually negative highlighting the IBM impact making the day misleading…’
http://theeconomiccollapseblog.com
http://albertpeia.com/squidfood.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/chinatowns.htm
http://endoftheamericandream.com
http://albertpeia.com/uspromiscuity.htm
{
I’ve included the following previous reference/link as a matter of
disclosure and so as not to appear as a hypocrite in the context of this
referenced subject: Drudgereport: STUDY: Girls As Young As 6 See Themselves As Sex
Objects... was kidnapped, sexually abused and strangled by a man who lured her
from her front yard by telling her he had lost his dog. Her naked body was
found the next day by a hiker in Cleveland National Forest , 50 miles southeast of Stanton. [1] The autopsy revealed that
she died from compression. A sample of the kidnapper's DNA was found under her fingernail. The
suspect, a Lake Elsinore, California , man named Alejandro Avila, was
convicted of first degree murder with special circumstances in May 2005. His
DNA was found on Samantha's body, and her DNA was found in his car. He was
arrested three days after the abduction. Avila had previously been to the
condominium complex where Samantha lived, because his ex-girlfriend resided
there and he had been previously acquitted of molesting her daughter and niece.
On May 16, 2005, the jury recommended he receive the death penalty. On July 22,
2005, Avila was formally sentenced to death. He is incarcerated at San Quentin State Prison on death row ). As an
aside, I’ve included the following for the record as well: Though I’ve had many
consensual sexual liasons with many different female sexual partners
(mid-hundreds) all of whom I liked, I’ve never, ever resorted to prostitutes.
The accidental exceptions included two ‘call girls’; one having met at summer
beach town bar matinee and who was ‘not working’ (as it turned out the reason
being she was at the end of her menstrual cycle). The other at a grocery store
with her daughter which made such in my mind, unlikely. As it turned out, both
were ‘nymphomaniacs’ (which, truth be told, made for quite an exceptional
sexual romp) and I simplistically inferred/surmised without dwelling on the
subject that they probably expected they’d have inordinate amounts of sex
anyway and might as well get paid for it – of course I didn’t nor was I asked
to pay. The other incident I’m including here for the record concerned an
absolutely beautiful (blonde hair, blue eyes, pretty, cute, perfectly
built/proportioned – make no mistake, however, I like brunettes also) girl I
met at a bar called ‘the Red Ranch’, later changed to ‘Harpoon Willy’s’. At
closing, we immediately became amorous, near intimate to a point in my car with
abrupt ‘resistance’ at the ‘crucial moments’. When I finally, ‘exasperated’,
asked ‘what’s up’, she stated she had recently broken up with her boyfriend who
had gone too far in the ‘sado-masochistic’ ritual behavior they were, and she
still was into. I told her I wasn’t into it
(I don’t connect sex with sado-masochism); never would, never did, never
will. We talked for quite some time and she explained her ‘predisposition’ the
(her perceived) consequence of her strict, puritanical upbringing and feelings
of guilt concomitant with sexual activity requiring coincident punishment/pain
when so engaged. I was busy with law school evenings, work full-time, and teaching
at a local college part-time and parted ways without taking her number and
never did see her again. }
January 23, 2013 http://gainspainscapital.com/
http://albertpeia.com/unperfecto.htm
January 23, 2013 http://gainspainscapital.com/
http://albertpeia.com/chinafraud.htm
Submitted by Tyler
Durden on 01/23/2013
Earlier today, we reported that " Assistant
Attorney General Admits On TV That In The US Justice Does Not Apply To The
Banks " when we commented on last night's PBS special "The
Untouchables." Explicitly, we said that it was "Lenny Breuer who made
it very clear that when it comes to the concept of justice the banks are and
always have been "more equal" than others. He does so in such shocking clarity and enthusiasm that
it is a miracle that this person is still employed by the US Department of
Justice. " As of minutes ago that is no longer the case as
his employment contract has been torn up. The WaPo
reports , that Lanny A. Breuer is leaving the Justice Department "after leading the agency’s efforts to clamp down on public
corruption and financial fraud at the nation’s largest banks, according to
several people familiar with the matter ....It is not clear when Breuer
intends to leave, nor what he plans to do once he departs, but it is certain
that the prosecutor’s days in office are winding down, according to people who
were not authorized to speak publicly about the matter."
Submitted by Tyler
Durden on 01/23/2013
After digesting the opinions of the
shills, shysters and scam artists, I am ready to predict that I have no clue
what will happen during 2013. The fog of uncertainty is engulfing the nation,
making consumers hesitant to spend and businesses reluctant to hire or invest. Virtually all
of the mainstream media, Wall Street banks and paid shill economists are in
agreement that 2013 will see improvement in employment, housing, retail
spending and, of course the only thing that matters to the ruling class, the
stock market. Even among the alternative media, there seems to be a
consensus that we will continue to muddle through and the day of reckoning is
still a few years off. Those who are predicting improvements are either
ignorant of history or are being paid to predict improvement, despite the
overwhelming evidence of a worsening economic climate. The mainstream media
pundits, fulfilling their assigned task of purveying feel good propaganda, use the 10% stock market gain in
2012 as proof of economic recovery . The facts prove otherwise...
Every day more people are realizing the con-job being perpetuated by the owners
of this country. Will the tipping point be reached in 2013? I don’t know. But
the era of decisiveness and confrontation
has arrived. The existing social order will be swept away. Are you
prepared?
Submitted by Tyler
Durden on 01/23/2013
AAPL's after-hours loss in market cap is
greater than the market cap of one BlackRock, Starbucks, Target, Costco, or
Nike. Down almost 9% from yesterday's close, AAPL is trading down to January
2012 levels ( off 35% from its highs ) and is now
notably less capitalized than the entire European banking system. Of course,
this has had serious consequences for the major indices that are trading
after-hours (and futures). Futures traded down to the day-session lows before
closing but QQQ are now trading at
6-day lows in after-hours...and as S&P futures reopen they are
gapping down a little more.
Submitted by Tyler
Durden on 01/23/2013
The most anticipated earnings release of
the quarter has come and it has been a dud, at least judging by the market's
expectations and its response. Because while EPS beats just barely (a far cry
from the epic EPS beats of Steve Jobs days) coming at $13.81 on expectations of
a $13.53 print, revenue outright missed, coming at $54.5 billion on
expectations of a $54.9 billion Q1 2013 result. Furthermore, fears about profit
margins were proven correct, with total gross profit coming in at $21.1
billion, which alas was 38.6% of revenue, well below the vaunted 40% threshold
(as a reference margin was 44.7% a year ago, and 40.0% a quarter ago). And
finally, the breakdown by components in the iPhone 5 release quarter was just,
well, meh.
Submitted by Tyler
Durden on 01/23/2013
One look at the headline numbers, and of
course the short interest of Netflix, and one can see why the stock is being
squeezed by nearly 30% after hours:
Q4 Revenue:
$945 MM, Exp. $934 MM
Q4 EPS of
$0.13, Exp. $(0.13)
Q4 domestic
contribution margin 18.5%, up from 16.4% in Q3 and 10.9$ in Q4 2011
Total domestic
subscribers 27.15 MM, paying subs: 25.47 MM
Forecasts
28.5MM-29.2MM domestic subscribers in Q1
Sees Q1
Revenues of $1.004 billion to $1.031 billion
Domestic DVD
subs dropped from 8.61 to 8.22 while generating $254MM in revenue and $128MM in
profit
In fact, all is either just a little bit
better or much better if one looks at the projection set... until one looks at
the actual Cash generated by the Business. Behold the Free Cash Flow as
reported by the company... no, not AMZN, although it may well be its small
cousin.
Submitted by Tyler
Durden on 01/23/2013
In the old days, it was Fed via POMO to
stocks; but given the new normal, now we have levered POMO to rescue us via vol
compression and yet again - today saw risk-assets sliding all night (though
admittedly only around 0.5% off highs) only to be rescued by a vol-compressing
equity push that started the moment POMO finished. HY credit was tinkered with
in the last hour to keep things afloat and of course AAPL soared into its
earnings report. The debt-ceiling vote did little to maintain risk-on as CAD
weakness (BoC holding off from rate hikes) pulled the USD higher, and hurt
risk-on commodities - as Oil
plunged on the day . Treasury yields continued to fall - entirely ignoring
stocks once again - even though stocks caught down to risk early and ended at
new five-year highs on the Dow (thanks almost entirely to IBM). So low volume
in stocks (AAPL decent volume), low average trade size in S&P futures, and
a disconnected equity market from bonds
and FX once again ... eyes down for an Apple full-house...
Submitted by Tyler
Durden on 01/23/2013
Hell hath no fury... After an extensive
24,500 word hearing, it would appear we are not really any closer to knowing
who knew what when and why we weren't told. However, while the invisible hand
of the word-cloud fairy found it useful to highlight the words 'People' , 'Think' , and 'Know' , perhaps it
was Hilary's infuriated outburst (clip below) when pressed on what happened
that sums it all up in her eyes: "What Difference Does It Make?" It seems that
once again 'they' know what is best for us to know and not know... But perhaps the
only relevant statement in the entire theatrical presentation was the
following: "we don't have assets
of any significance right now on the African continent. We're only building
that up," which perhaps has something
to do with this ...
Submitted by Tyler
Durden on 01/23/
Two days ago we presented
the complete hedge fund performance for 2012, in which it was clear that
David Einhorn's Greenlight had a Q4 that did not go quite as expected,
primarily as a result of AAPL plunging in the quarter, and his hated GMCR
soaring, leaving his fund with a 8% return for the year (and -5% for the
quarter), well below the general market and some of his far more vocal hedge
fund peers. Those curious just what it is that caused this underperformance,
here is the complete Greenlight Q4 letter discussing not only why Einhorn is
doubling down in AAPL, why he still likes Marvell, Computer Sciences and
Vodafone, as well as his continuing negative outlook on Iron ore, and the Yen.
He closed out positions in WLP, MCO, DIA, ITX and PBI. In summary: " At quarter end, the largest disclosed long positions in
the Partnerships were Apple, Cigna, General Motors, gold and Vodafone Group. The
Partnerships had an average exposure of 114% long and 70% short."
Submitted by Tyler
Durden on 01/23/2013
As we reported
previously , the stock of the oldest bank in the world, Italy's
venerable Banca Monte Dei Paschi of Siena, was halted in early trade after
plunging on news that the bank had engaged in not only the previously
reported secret derivative transaction with Deustche Bank to hide losses before a
prior government bailout, but yet another derivative
transaction, this time with Nomura, signed three years ago and whose intention,
ironically, was to reduce 2012 earnings by some €220 million.What the ultimate
purpose of these deals was is still unclear and will likely become apparent
eventually, however it will likely require the former Chairman of the bank,
Giuseppe Mussari, who served as Chair from
2006 until April 2012 , and who officially quit his post as Italy's top banking
lobbyist after today's revelations, to testify. One person whom he may testify
against is none other than current
ECB head Mario Draghi, who just happened to be the head of the Bank of Italy from 2006 to 2011 , or the entire period
when Monte Paschi was engaging in what increasingly appears to have been
fraudulent activity .But don't worry: just like in the US, nobody of
signfiicance is about to go down for this "glitch" which is about to
be blamed on some poor mid-level shmuck, and which nobody in the senior level
management had any idea about, and certainly not the person who ultimately
would have had to give the green light: the current head of the ECB.
Submitted by Tyler
Durden on 01/23/2013
No sooner had the House got its 212
votes to pass (with 109 Democrats voting against) the
debt-ceiling extension "No Budget, No Pay" bill then Silver and US
equities began to rise. At the same time, WTI started to crack lower. Now it is
over to Harry Reid and the promised 'smooth sailing' through the Senate. As a
reminder for all those ebullient Dow watchers, IBM's gains today account for 76
Dow points - which means the remaining 29 names of the Dow are -3 points! The
brief risk-on rally is already fading...priced-in? or doesn't matter?
Submitted by Tyler
Durden on 01/23/2013
UPDATE: *HOUSE HAS ENOUGH VOTES FOR DEBT-LIMIT BILL; VOTE IS CONTINUING
The House is now debating the "No
Budget, No Pay" Delay-and-Pray bill debt-ceiling-extension and is due to
vote around 1230ET. As CSPAN notes, the deal would raise the government's
current $16.4 trillion debt limit until May 19. In exchange, the House and
Senate must pass a budget resolution by April 15 or place members' salaries in
an escrow account until the chamber acts. The bluff-calling continues...
Submitted by Tyler
Durden on 01/23/2013
Since Alan Greenspan became the Fed
chairman in 1987, there has been a policy consensus on the primary role and
effectiveness of monetary policy in cushioning an economic downturn and kicking
it back to growth. Fiscal policy, due to the
political difficulties in making meaningful changes, was relegated to a minor
role in economic management. Staving off crisis and reviving growth
still dominate today's conversation. The prima facie evidence is that the
experiment has failed. The dominant voice in policy discussions is advocating
more of the same. When a medicine isn't working, it could be the wrong one or
the dosage isn't sufficient. The world is trying the latter. But, if the
medicine is really wrong, more and more of the same will kill the patient one
day. The global economy was a debt bubble, functioning on China over-borrowing
and investing and the West over-borrowing and consuming. The dynamic
came to an end when the debt crises exposed debt levels in the West as too
high. The last source of debt growth, the U.S. government, is coming to an end,
too, as politics forces it to reduce the deficit. Trying to bring back yesterday through monetary growth
will eventually bring inflation, not growth.
Submitted by Tyler
Durden on 01/23/2013
MARTIN SMITH: Is that really the job of
a prosecutor, to worry about anything other than simply pursuing justice?
LANNY BREUER: Well, I think I am
pursuing justice. And I think the entire responsibility of the department is to
pursue justice. But in any given case, I
think I and prosecutors around the country, being responsible, should speak to
regulators, should speak to experts, because if I bring a case against
institution A, and as a result of bringing that case, there’s some huge
economic effect — if it creates a ripple effect so that suddenly,
counterparties and other financial institutions or other companies that had
nothing to do with this are affected badly — it’s a factor we need to know and
understand .
Submitted by Tyler
Durden on 01/23/2013
As with every piece of potentially bad
news in the here and now, the IMF provides some bone for bulls to gnaw on by
offering hope that 2014 will be considerably better. What at first glance is a
broad-based slashing of global growth
outlooks for 2013 ends up being yet another hockey-stick expectation
dangled out in front of the world's investors. With Europe now downgraded to a
recession in 2013 (GDP -0.2%), we should not fear though as Olivier Blanchard
adds that "If crisis risks do not materialize and financial
conditions continue to improve, global growth could be stronger than
projected," and sure enough 2014 is expected to herald a new era of
growthiness (GDP +1.0%) for the troubled region. He does offer one note of
reality that is critical - "Financial
market optimism should not lead to policy complacency" - alas we fear
that time has long gone. World Trade Volume expectations have been ratcheted
lower with Brazil and Newly Industrialized Asia seeing the biggest downgrades
to growth.
Submitted by Tyler
Durden on 01/23/2013
I am sorry to tell you that whatever
door that had been opened is now closed. America has turned the corner from the self-sufficiency of an individual
to a new ideology for this country which is that incomes and life-styles should
be equalized by taxes in the name of patriotism and for the greater good. The Socialism
of much of Europe has arrived at our shores and spread from sea to shining sea
and the safety net of decades past for our less fortunate citizens has been
raised to a harmonization of social/governmental benefits regardless of hours
worked or income earned. Stock
markets rise, Treasury yields decrease, other bonds compress because there is
no place off-world to invest money and it must be put somewhere. We are living
in a fantasy world of the voters’ making and, I predict with some certainty,
that we will all suffer the consequences of our decisions. The problem is
extremely serious, answers are frustrating and aggravating and great care must
now be exercised because this cliff is exceedingly steep.
Submitted by Tyler
Durden on 01/23/2013
A Chinese solar firm which nearly
produced the country's first domestic bond default will complete an interest
payment on schedule after a local government intervened on its behalf.
Investors say the latest instance of a government riding to the rescue of a
troubled Chinese firm has led to moral hazard and inefficient credit
allocation. In previous near-defaults, local governments had stepped in
directly to arrange bailout funding. But as in past cases, the deal flouts
legal notions of debt seniority by allowing one group of creditors -
bondholders - to get paid in full, even as a pre-existing default remains
un-cured. Analysts say the market does not effectively price in risk because investors assume the government will never allow
a default .
Submitted by Tyler
Durden on 01/23/2013
From 11-inch subways to under-quality
coffee and from watered-down beer and fake beef, food fraud is on the rise. So what is food
fraud anyway? Well, it’s sort of what you would expect. It’s when
companies label food one way, but the truth turns out to be completely
different. I have been predicting an escalation in this trend for years,
since it was obvious that as inflation
led to increases in food prices, companies would resort to this type of
behavior to keep margins inflated . So in their latest study, the
non-profit food fraud detectives at the U.S. Pharmacopeial Convention (USP)
show us the extent of this extremely dangerous trend.
Submitted by Tyler
Durden on 01/23/2013
Last
week, following documentation from Deutsche Bank (and Nomura), it became clear
that Italy's Monte Paschi (BMPS) bank (the oldest in the world) has engaged in
derivatives with the German and Japanese banks in order to save itself during
the financial crisis. The derivatives, according to Bloomberg, were done
off-market and allowed the booking of large upfront gains which covered losses
optically that the bank faced as European liquidity dried up completely - the
offsetting 'losses' are now coming due. Today, amid growing outcry over the
'deal', the former head of BMPS has resigned . Bloomberg
reports that Giuseppe Mussari, now Italy's top banking lobbyist, was the Chairman
of BMPS during the derivative deal period. BMPS shares were
halted after plunging dramatically as investors are still unclear of the extent
of losses it faces on derivatives. If that was not enough chicanery, there is a
twist in that none other than Mario
Draghi, as Director of the Bank of Italy, would have had to vet Mussari (and his
banks' regulated books) during this period - as BMPS accumulated what is
obviously undocumented derivatives
positions to intentionally obscure losses. Once again,
years later, it seems the truth comes out - and of course we would expect
no-one to go to jail -
and the lying in Europe (then and now) continues unabated
- as the reality of financial system health remains hidden from view.
Submitted by Tyler
Durden on 01/23/2013
With the most recent Spanish economic
data in retail
sales , house
prices , manufacturing , and bad
loans all confirming depression-level activity, or lack thereof, there was just
two major metrics still missing: GDP and employment. Today we got Q4 GDP, which
declined 1.7% Y/Y, and 0.6% from Q3. This was the worst year over year
deterioration in the overall economy since Q4 2009 when the country was reeling
from the Lehman bankruptcy global aftershock. We just need to get the
unemployment number, which will be well north of 26%, for the picture of how
the country with the ECB-backstopped and thus soaring bond curve is truly
doing.
Submitted by Tyler
Durden on 01/23/2013
Heading into the North American open,
equities are trading in minor negative territory, led lower by banks as markets
look forward to the first LTRO repayment, as well as lingering concerns that
losses from derivatives contracts by Monte Paschi (entered with Nomura) may
undermine the lender’s earnings. Monte Paschi shares opened 8% lower and were
halted by the exchange to prevent a further slide in share price. As a result,
even though EUR/USD is trading higher and peripheral bond yield spread are
tighter, Bunds are trading in minor positive territory. Of note, Spain’s
Iberian neighbour Portugal opened books for its 2017 bond and books are said to
be around EUR 10bln, with guidance at MS+395bps (down from original MS+410bps).
EUR/USD has also benefited from the decision by the Portuguese Treasury to tap
capital markets only a day after a successful placement by Spain yesterday.
Looking elsewhere, even though USD/JPY has bounced off earlier lows, implied
vols continue to trade heavy as option decay and re-positioning post the BoJ
decision weighs on prices. So much so that R/R has slipped to Sep levels, but
still favours bets on further JPY depreciation.
Submitted by Tyler
Durden on 01/23/2013
Doubt Greets
Bank of Japan's Easing Shift ( WSJ )
Japan hits back
at currency critics ( FT )
Japan upgrades
economic view for first time in eight months ( Australian ) - only to
lower them in a few months again
GOP critics get
opportunity to grill Secretary Clinton on Benghazi ( Hill )
Global economy
set for ‘slow recovery’ ( FT )
Obama to back
short debt limit extension ( FT )
Unfinished
Luxury Tower Is Stark Reminder of Las Vegas’s Economic Reversal ( NYT )
Draghi Says
‘Darkest Clouds’ Over Europe Have Subsided ( BBG )
High-Speed
Dustup Hits a Clubby Corner ( WSJ )
U.S. Budget
Discord Is Top Threat to Global Economy in Poll ( BBG )
Sir Mervyn King
says abandoning inflation target would be 'irresponsible' ( Telegraph )
Spain Says It
May Cover 13% of 2013 Funding in January ( BBG )
1-22-13 Dave’s Daily: http://www.etfdigest.com ‘DIP BUYING
1-22-13 The markets are overbought but this can
continue longer than one might expect. Perhaps dangerously, investor sentiment
remains universally bullish. It’s still a QE dominated market as liquidity is
pushing markets higher even as earnings overall remain uninspiring.For our part
we took some profits Monday while the basic core of our main portfolio remains
intact. On the downside Boeing (BA) continues to weaken with Dreamliner
groundings and Caterpillar (CAT) is going to take a $580 million dollar charge
after being hoodwinked by Chinese accountants—both held back industrial sector
(XLI). Johnson & Johnson (JNJ) disappointed driving consumer staples (XLP).
Travelers (TRV) reported good earnings which helped lift financial sector
(XLF). Earnings from
DuPont (DD), despite falling 70%, helped push the materials (XLB) sector
higher. This is how QE trumps flat earnings.Google (GOOG) reported earnings
after the close that cheered investors although revenues seemed to miss. IBM
(IBM) reported earnings that slightly beat estimates. Both stocks were
substantially higher in after hours trading.Economic news wasn’t inspiring as
the Chicago Fed National Activity Index fell (.02 vs .28 expected & prior
.10); Existing Home Sales fell missing estimates (4.94M vs 5.1M expected &
prior revised lower from 5.05M to 4.99M easing the miss); and, the Richmond Fed
Mfg Survey plunged (-12 vs 5 expected & prior 5). This disappointing data
just stimulates bulls to thinking the Fed won’t take its foot off the gas pedal
anytime soon. Domestically bank deposits in the 4th quarter soared to $433
billion per Nomura Securities.Overseas the German ZEW economic expectations
index soared (31.5 vs 9.5 expected) and the Bank of England said it would be
rejoining the money printing (QE) operations. This is stimulative to the
ongoing “currency war”. And to make matters bleak, global unemployment per the
International Labour Organization’s Global Employment 2013 trend asserts unemployment nears 200
million. (That’s a lot of food stamps!)The dollar (UUP) was slightly weaker and
gold (GLD) rose modestly. Commodities (DBC) were led higher by oil (USO) and
natural gas stocks (FCG). Stocks are still moving higher glacially day by day
on still light volume. Bonds (TLT) seemed well bid.As indicated volume once
again was light and breadth per the WSJ was positive…’
http://theeconomiccollapseblog.com
http://albertpeia.com/sovereigndebtimplosion.htm
http://theeconomiccollapseblog.com
{ 1-20-13 I
really must say, of all weekends to come down with this virulent, brutal strain
of flu, this was it; perfect timing. GOD truly works in mysterious ways. I can
feel the depths of nausea beyond that intellectually indicated by the
swearing-in of nigger-monkey jiva (no, not java man, jiva) man for his new
term. Quite separately, I’m constrained to comment that while I personally
don’t trust the feds sufficiently to take the vaccine (infra), I truly can
understand why some might (chance it). This was a brutal, painful, debilitating
strain of flu wherein the persistent coughing ultimately gave rise to extreme
pain when so doing. Though even worse than the last severe strain (LA gets them
all, sooner or later), I now have immunity. It seems that each subsequent
strain is more severe than the prior strain (and not just because of my increase
of years) and I’m not yet quite sure as to why. And, given the proclivity of
the government to make the populace/citizenry ever more dependent upon what is
(clearly a fact lost on no one) an ever more incompetent, failed, and corrupt
government, the inference that the same has as its genesis a recombinant form
of virus brought to you by none other than the same desperate government, is
eminently reasonable (preliminary ‘testing of the waters’ so to speak, surely
to get worse). In fact, it’s a bit unsettling that this same strain of flu has
a near simultaneous breakout nationwide. Moreover, from unconstitutional
attempts to disarm the citizenry, to drones, to military maneuvers allegedly as
anti-terror drills, etc., such a hypothesis seems hardly a stretch and upon
reflection, quite probable. After all, there were pervasive domestic terrorist
threats, unprecedented in a national election (but not at all uncommon for
niggers wherever they are), by the typically uncivilized lawless niggers for
riot and mayhem should obama be voted out of office as he deserved to be on his
unequivocally failed record. Not a peep … from dhs, dc, etc., who are usually
all over law-a-abiding citizens for no good reasons at all … despite the
outrageousness of same. One just can’t any longer trust the u.s. government to
do what’s right! Really! }
{ I will be expounding upon the ground-breakingly new,
failed ‘management’ approach adopted by this failed administration; viz.,
management by exceptions. That’s right! Exceptions! Not management by
objectives; but rather, management by exceptions. Forget laws, precedent,
things that have worked for the vast majority; and, focus instead upon the
exceptions as they fatefully crop up from time to time. As tragic as the Sandy
Hook tragedy was, for wobama to reveal the failed mindset that’s failed america
by managing by exceptions, he stated that he previously was not going to pursue
gun control this term (there’s a plethora of greater priorities for this
pervasively corrupt, defacto bankrupt nation), but now, because of this
slaughter at the hands of the nutcase, he is. Or, revise all protocols for
those who are or choose to be gay, or disregard the oath if an illegal
immigrant wants to practice law, or don’t prosecute the biggest exceptionally huge
wall street frauds because they are too big to fail/jail or donate mightily to
political campaigns (MFGlobal/Corzine), etc., or whatever else for votes, etc.,
the list goes on and on. Yet, the obfuscations/frauds only mask the inevitably
greater, deeper abyss to follow! Yes … there you have it … america’s new
managerial approach/theory … on the road to perdition … MANAGEMENT BY
EXCEPTIONS. Guaranteed not to work … for all but the exceptions
(parenthetically, this topic of managing the exceptions as a separate
managerial task without misdirecting managerial focus from central objectives
was some years ago highlighted by the brilliant Peter Drucker)! }
Effective leadership is not about making speeches or being
liked; leadership is defined by results not attributes. Peter Drucker
Bill
Gross Gets It { Gets what? Why
is this surprising? With $4 trillion gone missing (still) at the ny fed,
americans should not trust the ny fed. Germany’s move is totally rational. How
can anyone trust fraudulent, thieving americans with their money or gold,
particularly in the fraud capital of the world, new york city Michael
Savage: Don't trust feds on flu shot... etc., despite america’s defacto
bankruptcy and the unaffordability of same), despite their unequivocal
incompetence and venality. In fact, stepping back, I have seen first hand those
siding with/benefiting from (and the encouraging of more crime), ie., RICO
defendants et als, actually rewarded by the pervasively corrupt/defacto
bankrupt american system (ie., trumps, alito, fed slugees, etc., essentially a
combination of and tantamount to what is essentially hush money, bribes, etc.).
Pervasively corrupt, defacto bankrupt america is a failed meaningfully lawless
nation of marauders/thieves that no longer even remotely resembles what it
purports to be and arguably once was. Replaying
Chris Christie's Epic Anti-Boehner Meltdown ZH { The bigger, fatter, more rotund question everyone’s
asking is, will they ever be able to put humpty dumpty back together again? The
newyork/jersey/conn tristate national drains (huge wall street frauds,
organized crime, and all etc.) feel slighted; yet, how can you miss him? I’ve
been waiting far longer for resolution to the corrupted process regarding funds
due and owing to me from primarily the corrupt tristate region, the beltway’s
no.virginia, and banana republic extraordinaire (the entire nation’s become
one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm Armed
Robberies Spike Following Game... http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm
CONGRESSMAN
WARNS OBAMA: IMPEACH YOU [ http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ]
White
House readies 19 executive orders on guns... }
http://albertpeia.com/americagone.htm
January 21, 2013
http://gainspainscapital.com
http://albertpeia.com/costlydelusions.htm
Submitted by Tyler
Durden on 01/22/2013
Who are we, the people? The following 15
simple charts from the WSJ offer insight into Race, Demography, Attitudes, Sex
(not a yes/no question), Politics, and Religion across the unified society
called the USA.
Submitted by Tyler
Durden on 01/22/2013
In a move that may cause some
consternation in Europe due to its adverse implications for trade paterns in
the continent, tomorrow British PM David Cameron will announce that he will
propose a referendum on whether or not to stay in the European Union, a move
that as the WSJ
qualifies it "threatens to inhibit trade and cast a new shadow
over the troubled bloc." That may be a slight exageration: the referendum
would take place, if at all, before the end of the first half of the next
Parliament, roughly by late 2017, after an election. Which means that if
Cameron loses the election, it is a non-issue, just as it would be a non-issue
of course if the UK public voted to stay: according to a survey of the British
public late last week by pollsters YouGov showed 34% indicated they would vote
to leave in a referendum, while 40% said they would vote to stay. A week
earlier, 42% said they would opt out, compared with 36% preferring to remain.
Obviously a volatile topic for the population.
Submitted by Tyler
Durden on 01/22/2013
The optimism over the housing recovery has gotten well
ahead of the underlying fundamentals. While the belief was that the
Government, and Fed's, interventions would ignite the housing market creating
an self-perpetuating recovery in the economy - it did not turn out that way.
Today, these repeated intrusions are having a diminished rate of return
and the risk now is that interest rates rise shutting potential homebuyers out
of the market. It is likely that in 2013 housing will begin to stabilize
at historically low levels and the economic contribution will remain fairly
weak. The downside risk to that view is the impact of higher taxes,
stagnant wage growth, re-defaults of the 6-million modifications and workouts,
elevated defaults of underwater homeowners and a slowdown of speculative
investment due to reduced profit margins. While many hopes have been
pinned on the 2012 stimulus fueled, China investing, and supply-deprived
housing recovery as "the" driver of economic growth in 2013
- the data suggest that may be
quite a bit of wishful thinking.
Submitted by Tyler
Durden on 01/22/2013
UPDATE: He's now over an hour late.
Will the Speaker offer up a watered-down
debt-ceiling can-kick extension breaking the spending-ceiling link or will he
surprise investors and show some back-bone with a budget-contingent
salary-withholding plan? Back-down or battle-on - that is the question. Due to
speak at 5ET, let's get ready to grumble...
Submitted by Tyler
Durden on 01/22/2013
UPDATE : With GOOG and IBM earnings (details below), futures are
pushing higher still after-hours
Lowish volume and low average trade size
was all that was required to march stocks up to recent highs on the back of
more VIX compression and vol term structure steepening. Today was one of the most-disconnected day in a while
between equities (and vol) and the rest of the market with the USD
practically unchanged, Treasury rates lower, and high-yield credit flat.
Commodities pushed higher on the week with Silver outperforming (+1.2%) as Oil
broke back above $96 and the Energy sector led stocks along with Utilities
(safety?) and Materials. Tech was weak as AAPL plunged early on - only to
recover back above VWAP into the close. The Dow Transports have been the
corner-piece of this rally as it would appear AAPL's loss is rail-cars and
airlines gains. Up 12 of the last 15 days and +19% in the last six weeks, we
note the last time this index
surged on this scale was in April 2010 (when we saw realized vol for the
index also plunge to record lows such as we have now) - and this happened...
Submitted by Tyler
Durden on 01/22/2013 - 16:06
The algos have gone nuts after hours,
but here are the numbers:
GOOGLE 4Q REV.
EX TAC $11.34B, Exp. $12.36
GOOGLE 4Q
AVERAGE COST-PER-CLICK FELL 6% VS YEAR AGO
GOOGLE 4Q EPS
EX ITEMS $10.65, EST. $10.50
Submitted by Tyler
Durden on 01/22/2013
While the trend has been your friend in
US equities for the last few months; the trend in US Macro data has also been
consistent - but negative over the last few weeks. Today, for the first time in
almost five months (thanks to misses on existing homes and the Richmond Fed)
the US Macro index turned negative . In the past
this has marked the start of the market's realization that things are not just
dipping but are cycling lower. This is also the weakest 'macro' start to a year since the crisis began - and
seasonally is prone to become worse not better from here. It seems, however,
that the only reality that is required for any prognosticator or
commission-taker is that of nominal stock prices (as self-confirming bias
creating data) - just as it was in late-2007.
Submitted by Tyler
Durden on 01/22/2013
As reported previously, not only are
there currently US
boots on the ground in the latest geopolitical "anti Al-Qaeda" snafu
in Mali, but it turns out a US presence had been secretly in place for many
months prior to the recent escalation in French-led hostilities against the
western African nation. And while this would likely have opened up numerous
media inquiries under any other administration, so far these has been zero
interest as to just why the US is "assisting" the French in this
latest military deployment of military forces outside of the US: after all, one
of the biggest complaints about US spending is that so much of it goes for
military purposes (ignoring that all the tax revenues can't even cover just the
monthly entitlement spending of the nation). Perhaps one reason is that, at
least to date, the general consensus was that since the French operation in
Mali is spearheaded and organized by the French, it is also
funded by them. As it turns out that is not the case. As Reuters reports,
"The U.S. military has flown five C-17 cargo sorties into the Malian
capital to help bring a French mechanized infantry unit into the fight against
al Qaeda-affiliated militants in the north of the country, Pentagon officials
said on Tuesday." But surely
the French are paying for these sorties which are there only to help the
French, right? Wrong . "Little said the United States had decided not to seek compensation
or reimbursement from France for the flights." Luckily, the
US is in such a healthy financial position it can afford to not only open one
more front in the war against "Al Qaeda", but will sign for the
French tab too. With Joe Sixpack's money of course.
Submitted by Tyler
Durden on 01/22/2013
Just because it has been a while since the
ponytailed Swiss pundit's cheerfulness graced these pages, here is a reminder
that things can always be worse:
FABER: `I'M HYPER BEARISH, SOMETIMES WANT TO JUMP OUT
WINDOW'
FABER: `PLACE FOR KEYNESIANS IS NORTH KOREA'
Dr. Gloom, Boom and Doom: consistent to
the very end.
Submitted by Tyler
Durden on 01/22/2013
Geithner
allegations beg Fed reform ( Reuters )
BOJ Adopts
Abe’s 2% Target in Commitment to End Deflation ( BBG )
Bundesbank Head
Cautions Japan ( WSJ )
In speech,
Obama pushes activist government and takes on far right ( Reuters )
Atari’s U.S.
Operations File for Chapter 11 Bankruptcy ( BBG )
Israel goes to
polls, set to re-elect Netanyahu ( Reuters )
Apple May Face
First Profit Drop in Decade as IPhone Slows ( BBG )
EU states get
blessing for financial trading tax ( Reuters )
Indian Jeweler
Becomes Billionaire as Gold Price Surges ( BBG )
Europe Stocks
Fall; Deutsche Bank Drops on Bafin Request ( BBG )
Algeria vows to
fight Qaeda after 38 workers killed ( Reuters )
GS Yuasa
Searched After Boeing 787s Are Grounded ( BBG )
Slumping
pigment demand eats into DuPont's profit ( Reuters )
Kurt Nimmo | Rangel was talking about the South’s
widely held belief in the Second Amendment.
Drudgereport: RANGEL:
'Some of the Southern Areas Have Cultures We Have to Overcome'...
Kurt Nimmo | Captain Harry Wales compares violent
occupation of Afghanistan to an Xbox game. Taliban:
Prince (harry) has 'mental problem'...
Taliban:
Prince (harry) has 'mental problem'... Attenborough:
Humans are plague on Earth... Japanese
minister: Let elderly people 'hurry up and die'... Environmental
advocate launches campaign to ban cats as pets... Post Office cuts threaten
source of black jobs... problems, in large part …takes two or three
niggers to do the same work of one non-nigger, they are so lazy and
unproductive. The niggers are also error prone, and don’t give a hoot that they
are. ‘That Detroit workforce’ has done wonders for america’s auto industry. }699
teleprompter speeches, 83 days of vacation... REPORT:
ALL HOSTAGES DEAD IN ALGERIA RANGEL:
'Some of the Southern Areas Have Cultures We Have to Overcome'...
The Bundesbank Starts a Run on Gold { Yes, indeed … upon greater reflection, a 7
year wait to repatriate German gold stored at u.s./new york fed, really is a
cause for concern. The question is not only whether it’s there (I doubt it!),
not only whether what’s there has been displaced (stolen) and supplanted with
tungsten gold plate (at best); but, even assuming arguendo it is still there
(doubtful), given the undeniable inherent american proclivity for fraud and
theft, whether the thieving american frauds will interpose some spurious
pretext to preclude if not exclude the possibility of return (the story of
america’s foreign and domestic policies in a nutshell). One really has to
wonder as to the soundness and rationality of Germany’s decision in answering,
why fraudulent america and not the renown, trustworthy and reputable Swiss
Banks for storing their gold. } Everything the Bundesbank does is close to
perfection. The very fact that it is calling in its gold is monumental in terms
of questioning the "full faith and credit" of the United States
Treasury... Read
More... { There isn’t anything about america
that’s not ultimately, in the final analysis, totally fraudulent! } January 16, 2013 http://gainspainscapital.com
http://albertpeia.com/germanydoesnottrustusfed.htm
{ This is a very wise, rational move by
Germany which should be lost on no one. Indeed, by so doing, Germany will
likely guarantee repatriation of real gold, and not tungsten gold plate.
Realize that beyond the theft of $4 trillion still unaccounted for at the new
york fed, there have been ever more brazened frauds within the ranks of the
u.s. government and connected to the fed. The 360 tons of $100 dollar bills
flown into Iraq and disappeared, huge wall street frauds in the trillions still
extant and bailed out for the wall street perps by legislated FASB rule change,
among many other schemes, scams, facilitated by lightning fast computerization
have become both policy and modus operandi of the fed, u.s. government, and
insider perps. }
…The amount of gold the Fed supposedly
holds, is shown in yellow with a shade of tungsten. Why it will take the Fed 7
years to part with an amount of gold that is less than 5% of its total holdings
is anyone's guess.
Bill
Gross Gets It { Gets what? Why
is this surprising? With $4 trillion gone missing (still) at the ny fed,
americans should not trust the ny fed. Germany’s move is totally rational. How
can anyone trust fraudulent, thieving americans with their money or gold,
particularly in the fraud capital of the world, new york city Michael
Savage: Don't trust feds on flu shot... etc., despite america’s
defacto bankruptcy and the unaffordability of same), despite their unequivocal
incompetence and venality. In fact, stepping back, I have seen first hand those
siding with/benefiting from (and the encouraging of more crime), ie., RICO
defendants et als, actually rewarded by the pervasively corrupt/defacto
bankrupt american system (ie., trumps, alito, fed slugees, etc., essentially a
combination of and tantamount to what is essentially hush money, bribes, etc.).
Pervasively corrupt, defacto bankrupt america is a failed meaningfully lawless
nation of marauders/thieves that no longer even remotely resembles what it
purports to be and arguably once was. Replaying
Chris Christie's Epic Anti-Boehner Meltdown ZH { The bigger, fatter, more rotund question everyone’s
asking is, will they ever be able to put humpty dumpty back together again? The
newyork/jersey/conn tristate national drains (huge wall street frauds,
organized crime, and all etc.) feel slighted; yet, how can you miss him? I’ve
been waiting far longer for resolution to the corrupted process regarding funds
due and owing to me from primarily the corrupt tristate region, the beltway’s
no.virginia, and banana republic extraordinaire (the entire nation’s become
one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm Armed
Robberies Spike Following Game... http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm
CONGRESSMAN
WARNS OBAMA: IMPEACH YOU [ http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ]
White
House readies 19 executive orders on guns... }
http://albertpeia.com/americagone.htm
Federal
Government Musings And Other Societal Observations
http://albertpeia.com/americatitsup.htm
A
MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN...
The unraveling of the Ponzi Burrito
begins..
http://albertpeia.com/germangoldgone.htm
AP Business
Highlights ...Yahoo Market
Update…
Metal News for the Day
1-18-13 Dave’s Daily: http://www.etfdigest.com ‘THE FED VS
THE WORLD
1-18-13 Inside this massive building is a mega-Kinkos machine printing billions of dollars each day. ( $4.77 billion just on Friday which by month’s end should total $85 billion.) These dollars are
bombarding stock markets with fresh liquidity feeding bulls against all odds
and logic.Our job is to go with this despite misgivings and all manner of poor
news. As a strategist first and technician or timer second, we and most investors,
must recognize the dynamic at work and adjust to it. Worrying about debt will
be for another day and until its forced on politicians, bankers and markets. In
the meantime, ain’t we got fun! And, until this money printing activity stops, this will be the underlying
theme until either confidence in the activity is lost or bulls have to proceed
without a net.Believe it or not there are pundits today discussing that retail
sales increased .5% in November-December. Well, it’s the holidays and what
would one expect?Other news like Consumer Sentiment plunged (71.3 vs 75
expected & prior 80.5) but not much was discussed about that.Intel (INTC)
earnings were dreadful and the stock fell over 6%. Since this is an important
stock, and its health is a sign of robust economic growth and demand, it’s hard
to understand it can be so isolated. Also left on the ice-floes this week were
two of the country’s largest banks, Citigroup and Bank of America. But with
memories short bulls can quickly transition to General Electric (GE) and Morgan
Stanley (MS) where earnings were well-received.The primary good news on the day
was that China’s growth was better (7.9% vs 7.8% expected and prior 7.4%). This
news helps Asia and emerging markets primarily where we have our largest exposure.Headline
writers had the ability to spin more headlines as markets were now at their
highest levels since December 2007. This is quite an accomplishment and just
shows what printers ink can do. This commentary is deliberately short as what
is written here is expressed or featured in every equity chart on the planet to
one degree or another.Volume increased substantially on options expiration.
Breadth per the WSJ was modestly positive…’
On
The Constitution, Gun Rights, Criminal Bankers, and Silver
JAN 18 - NICK HODGE http://www.wealthdaily.com
Buy a Gun, Buy SilverThe Federal Reserve
has never been an agent of the government; it is a creation of the bankers. You
see, the government cannot control the banks because the banks control the
government. Read
More...
January 17, 2013 http://gainspainscapital.com
http://albertpeia.com/trilliondollardebtbomb.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/boomers.htm
Submitted by Tyler
Durden on 01/18/2013
The hyper-correlation of Japanese stocks
(Bass - The people that buying Japanese stocks, are picking up a dime in
front of a bulldozer) and the JPY have led many to believe that Abe's miracle
promise will be just the ticket to bring the nation's two-decade slump to an
end - a 2% inflation target is all you need . However, in a brief CNBC
interview, Kyle Bass explains that not only are 99.9% of people wrong about the
crisis (explaining the critical aspect of the abrupt turn of twenty years of
the 'procylicality of thought' - that deflation is the norm), but Abe's actions
have actually brought forward the date of the "detonation of Japan's Debt
Time Bomb. Bass goes on to discuss the US Housing stabilization,
European stress, and China's economic opacity (and tensions with Japan), but
leaves us with the clear and present danger in Japan that the clock has started
on the qualitative shift in participants' minds that the situation is untenable
(signs are already among the elite with recent JPY-extricating M&A deals)
and " All of the components for this [bomb] to go off 'all of a
sudden' are in place." Must watch.
Submitted by Tyler
Durden on 01/18/2013
On August 17, 2007, the Fed's Board of
Governors announced a key change to primary credit lending terms, whereby the
discount rate was cut by 50 bp — to 5.75% from 6.25% — and the term of loans
was extended from overnight to up to thirty days. This reduced the spread of
the primary credit rate over the fed funds rate from 100 basis points to 50
basis points. News of the emergency measure was supposed to be kept secret from
market participants as it was substantially market moving. It wasn't. And just when
we thought our opinion of the outgoing Treasury Secretary and former NY Fed
head Tim Geithner, whose TurboTax incompetence is now legendary, couldn't get
lower, it got lower. Much lower.
Submitted by Tyler
Durden on 01/18/2013
The Fiscal Cliff theater was great 'off
Broadway' drama, but the real show for traders took center stage Sunday
December 16th in Japan. The curtain went up for the newly elected Prime
Minister of Japan as the star actor in the unfolding global fiat currency
drama. In the last 90 days the US, EU and now Japan have
announced "unlimited", "Uncapped" monetary policy with UK's soon
to be bank of England Governor, Carney indicating he wants inflation &
growth targeting also when he assumes the reins. The goal has been to get
interest REAL interest rates as low as possible, and the expected duration to
be as long as possible. Market have reacted to this strategic and obvious
debasement by stampeding, relentlessly into the Bond Market and creating a
disturbing potentially destabilizing bond bubble. However, remember, Financial
Repression is at work here and US Bond Yields and Interest Rates must be
further reduced. We presently expect the 10 Year US Treasury Bill to
eventually break below 1% and Equities will fall on the re-pricing of credit
and risk, earnings revenue and margin issues and slowing real global growth.
Submitted by Tyler
Durden on 01/18/2013
Following the recent fall of the Swiss
franc against the euro, there were paradoxical comments on the opportunity on
both moving the Swiss National Bank’s floor lower (say to 1.25 for example) or
on abandoning it altogether (or moving it higher). We believe both options are
very unlikely, at least in the coming months. Moving the floor lower would be a
bad idea in our view. As we have seen, the extent of the franc’s
overvaluation is quite debatable and the lower the floor, the quicker a monetary policy dilemma may emerge. Moreover, in
the event renewed upward pressures on the franc occur once again, a lower floor
may prove more costly in terms of FX interventions.
Submitted by Tyler
Durden on 01/18/2013
The recovery since
the 2008 financial crisis is just an illusion created by the
papering-over of our insolvency by central-bank printing. Doug Casey adds that the
current state is akin to being "in the eye of the hurricane thanks to this
'cover'" and believes the printing which will ultimately lead to very high
inflation once bank lending starts to pick up again. This excellent interview moves
from Casey's view of a looming loss of confidence in the dollar (and the
impact of mass repatriation) to what must the Keynesians be thinking as the "apparency
of prosperity" remains all that we have to lift animal spirits. With an
eye to gold (and non-western central banks behavior towards it as they realize "the USD
is just an unsecured liability of a bankrupt government" ), he evaluates
the likelihood of a western economic collapse in 2013 and what that would imply
for an implicit gold standard in the world. From Austrian economist Hans
Herman-Hoppe's view of a post-Keynesian-crash era to his potential triggers for
this collapse (such as gold-energy barter and non-dollar blocs), Casey
succinctly reminds us that there is not just one asset-class bubble but that "we are
living in the middle of the biggest bubble in history."
Submitted by Tyler
Durden on 01/18/2013
The USD ends the week up over 0.6%,
Treasury yields down 2-4bps, Silver up 4.6%, Oil 2%, and Gold 1.4%; but it is
VIX that rules the waves of unreality this week as it collapsed from this
morning's unchanged on the week, played catch down to stocks (from yesterday)
and then led stocks on a vol steepening/compression extravaganza down to 12.31%
- its lowest since June 2007 as the 'contingent' extension of the debt-limit
appeared the initial trigger and nothing at all the secondary trigger. AAPL
wavered below and tested up to $500 (amid very large average trade size) but
was the distinct loser once again with size sellers as S&P 500 futures
surged (yet agin inferring the unwind of the long-AAPL, short-ES trade
continues). Once the fire was lit, there was no stopping the
stop-chasing momo run in stocks as ES chased all the way up above the week's
highs . VXX was crushed (as the curve also compressed) and
high-yield credit and stocks tracked each other in the rampapalooza. Of course
the moment the day-session close, ES cracked back lower but for now no one
cares (ending up just 5 points in the S&P cash). Average trade
size was high once again in the S&P as the USD, Bonds, and Stocks were bid.
Submitted by Tyler
Durden on 01/18/2013
It is no secret to anyone that as we
said some
3 years ago, the world is now engaged in all out currency warfare
whose sole goal is destroying one's own currency faster and more brutally than
"the other guy" can. Because while devaluing one's currency is
imperative in order to return to a viable debt load, about $40 trillion less
than where it is now (as per BCG) by pushing monetary inflation upon one's
people and inflating said debt away, just as important is to stimulate one's
economy and exports which, all else equal, can only be done by making them
cheaper to one's trading partners. It is, after all, a zero sum world. This is
precisely the tug of war that the developed world is caught in currently, where
every attempt is made to talk down one's currency, and when that fails, to
dilute it by printing more of it (the Fed), to backstop it with collateral of
every lower quality (the ECB, although in Europe's case it is more of an
involuntary phenomenon), or just to talk, and talk, ant talk (Japan). Yet while
every country with a self-respecting central bank (i.e., currency printer)
hopes that they will be the ultimate winner of the currency debasement export
race, what has become obvious over the past 30 years, is that when it comes to
specializing in exports, there is just one true winner: a winner which is
self-evident from the chart below.
Submitted by RANSquawk
Video on 01/18/2013
Submitted by Tyler
Durden on 01/18/2013
After witnessing the fighting of
undeclared never ending wars, passage of freedom destroying legislation like
the Patriot Act & NDAA, approval of pork barrel spending to the tune of
hundreds of billions, rule by Executive Order, using ZIRP to extract hundreds
of billions from senior citizen savers and give it to criminal Wall Street
banks, forcing the American people at gunpoint to replenish the Wall Street
banks with $700 billion after they had committed the greatest financial fraud
in history, and a continuing trampling of the U.S. Constitution, the American
people continue to remain willfully ignorant of the truth. The American
Dream is dead. We’ve allowed a rich, privileged, elite few to achieve hegemony over our
economic and political system with their control of the media and manipulation
of our financial markets. They will collapse the country because they will
never be satisfied with the amount of wealth and power they’ve accumulated. Their voracious
greed will be their downfall.
Submitted by Tyler
Durden on 01/18/2013
Sometimes it is useful to reflect back
more than a nanosecond to check one's anchoring bias. With US equities back at
2007 levels, we thought it may be instructive to look at what the Fed was
thinking - and what the FOMC was looking at - to be better able to judge their
'forecasts' now. To wit Q4 2007, FOMC... "Economic growth was solid in
the third quarter, and strains in financial markets have eased somewhat on
balance." The reflexivity of the use of market-based measures to
preempt their actions is very clear from the presentation materials, as, just like now , there was falling current
year EPS expectations but a phoenix-like resurrection due in 2008 based on
analyst's expectations . Furthermore, the expectations for rate changes from
Q4 2007 to Q4 2008 was remarkably modest (even as they had all the data on
subprime delinquencies soaring and monolines collapsing) - and of course,
turned out to be absolutely and utterly incorrect. And yet, we listen intently
to every forecast word they utter?
Submitted by Tyler
Durden on 01/18/2013
The so-called recovery is built on sand,
and as stock markets climb and climb, and more traders and investors turn
bullish, we come ever-closer to a new 2008-style collapse. Soaring markets, and
soaring speculation. Big finance using loopholes to speculate bigger and
harder. Mainstream financial journalists becoming more and more complacent
about the “recovery”. We’ve been here before. Isn’t repeating the same
behaviour and hoping for different results the very definition of insanity?
Submitted by Tyler
Durden on 01/18/2013
Foreign
Hostages Die in Algeria’s Battle With Terrorists ( Bloomberg )
The latest bank
to soon join the currency wars: McCafferty Says BOE Must Keep Open Mind on New
Policy Tools ( Bloomberg )
US debt talks
complicated by timing ( FT )
BOJ eyes
open-ended asset buying, agrees new inflation goal ( Reuters )
AmEx Says U.S.
Card Income Fell 42% as Loss Provisions Increased ( BBG )
Call to raise
age for US’s Medicare ( FT )
Obama Promise
to Raise Middle Class Living Already Seen in Peril ( BBG )
China Exits
Slowdown as Quarterly Growth Tops Forecasts ( BBG ) - actually,
as new Politburo says to make it appear that way
Britain to
drift out of European Union without reforms ( Reuters )
Republicans
weigh interim debt-limit hike ( FT )
Abe's aide says
Japan shouldn't fret if yen falls to 100 vs dlr ( Reuters ) ... and it
was 90 just a few days ago
PBOC May Seek
More Liquidity Operations ( Dow
Jones )
Submitted by Tyler
Durden on 01/18/2013
The most talked about story of the last
week was undoubtedly the relentless chatter about that massive $18 billion in
equity fund inflows as reported by Lipper ( not ICI ), which tracks
primarily institutional and ETF flow of funds, and which, as
we explained even before the Lipper data came out, was driven
exclusively by a surge in bank deposits into the year end, to be recycled for
risk investment purposes by the commercial banks' own prop desks. The details,
however, were largely ignored by the mainstream media which took that inflow as
an indication that the tide has finally turned and that the great rotation out
of bonds into stocks is on. Turns out that just as we expected it was a year
end calendar asset rebalancing. As Lipper reported earlier, the enthusiasm for
US stocks appears to have abruptly ended, with a whopping $4.2 billion pumped
out of domestic equities, offset by some $4.5 billion invested in non-domestic
equities. The blended flow? Just $286 million going into equities. Now our math
may be a little rusty, but $18 billion followed by $0.2 is not really
indicative of an ongoing rotation out of bonds and into
stocks, and is more indicative of a one-time, non-recurring event, just the
opposite of all the Bank of America addbacks.
The Ticking
Trillion Dollar Debt Bomb
zerohedge.com | Bottomline: the US debt situation is not going to be
brought under control.
http://albertpeia.com/greatsystemicrigof2012ending.htm
The Bundesbank Starts a Run on Gold { Yes, indeed … upon greater reflection, a 7
year wait to repatriate German gold stored at u.s./new york fed, really is a
cause for concern. The question is not only whether it’s there (I doubt it!),
not only whether what’s there has been displaced (stolen) and supplanted with
tungsten gold plate (at best); but, even assuming arguendo it is still there
(doubtful), given the undeniable inherent american proclivity for fraud and
theft, whether the thieving american frauds will interpose some spurious
pretext to preclude if not exclude the possibility of return (the story of
america’s foreign and domestic policies in a nutshell). One really has to
wonder as to the soundness and rationality of Germany’s decision in answering,
why fraudulent america and not the renown, trustworthy and reputable Swiss
Banks for storing their gold. } Everything the Bundesbank does is close to
perfection. The very fact that it is calling in its gold is monumental in terms
of questioning the "full faith and credit" of the United States
Treasury... Read
More... { There isn’t anything about america
that’s not ultimately, in the final analysis, totally fraudulent! } January 16, 2013 http://gainspainscapital.com
http://albertpeia.com/germanydoesnottrustusfed.htm
{ This is a very wise, rational move by
Germany which should be lost on no one. Indeed, by so doing, Germany will
likely guarantee repatriation of real gold, and not tungsten gold plate.
Realize that beyond the theft of $4 trillion still unaccounted for at the new
york fed, there have been ever more brazened frauds within the ranks of the
u.s. government and connected to the fed. The 360 tons of $100 dollar bills
flown into Iraq and disappeared, huge wall street frauds in the trillions still
extant and bailed out for the wall street perps by legislated FASB rule change,
among many other schemes, scams, facilitated by lightning fast computerization
have become both policy and modus operandi of the fed, u.s. government, and
insider perps. }
…The amount of gold the Fed supposedly
holds, is shown in yellow with a shade of tungsten. Why it will take the Fed 7
years to part with an amount of gold that is less than 5% of its total holdings
is anyone's guess.
Bill
Gross Gets It { Gets what? Why
is this surprising? With $4 trillion gone missing (still) at the ny fed,
americans should not trust the ny fed. Germany’s move is totally rational. How
can anyone trust fraudulent, thieving americans with their money or gold, particularly
in the fraud capital of the world, new york city Michael
Savage: Don't trust feds on flu shot... etc., despite america’s
defacto bankruptcy and the unaffordability of same), despite their unequivocal
incompetence and venality. In fact, stepping back, I have seen first hand those
siding with/benefiting from (and the encouraging of more crime), ie., RICO
defendants et als, actually rewarded by the pervasively corrupt/defacto
bankrupt american system (ie., trumps, alito, fed slugees, etc., essentially a
combination of and tantamount to what is essentially hush money, bribes, etc.).
Pervasively corrupt, defacto bankrupt america is a failed meaningfully lawless
nation of marauders/thieves that no longer even remotely resembles what it
purports to be and arguably once was. Replaying
Chris Christie's Epic Anti-Boehner Meltdown ZH { The bigger, fatter, more rotund question everyone’s
asking is, will they ever be able to put humpty dumpty back together again? The
newyork/jersey/conn tristate national drains (huge wall street frauds, organized
crime, and all etc.) feel slighted; yet, how can you miss him? I’ve been
waiting far longer for resolution to the corrupted process regarding funds due
and owing to me from primarily the corrupt tristate region, the beltway’s
no.virginia, and banana republic extraordinaire (the entire nation’s become
one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm Armed
Robberies Spike Following Game... http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm
CONGRESSMAN
WARNS OBAMA: IMPEACH YOU [ http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ]
White
House readies 19 executive orders on guns... }
http://albertpeia.com/americagone.htm
Federal
Government Musings And Other Societal Observations
http://albertpeia.com/americatitsup.htm
A
MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN...
The unraveling of the Ponzi Burrito
begins..
http://albertpeia.com/germangoldgone.htm
AP Business
Highlights ...Yahoo Market
Update…
Metal News for the Day
1-17-13 Dave’s Daily: http://www.etfdigest.com ‘BULLS CHERRY PICKING DATA 1-17-13 My smarmy
images are becoming Costanza “do the opposite” theme. And, along those lines we
took off our leveraged long positions Thursday while maintaining the “core”
unleveraged positions. We did this as a DeMark 13 count (sell to close trend
exhaustion indicator) was shown on the daily SPX (S&P 500 Index). There’s little sense arguing with the
tape. You could look at a miserable Philly Fed report (-5.8 vs .6 expected
& prior 8.1) and conclude more economic contraction is on the way. But,
wait, this must mean the Fed, which watches this report closely before their
FOMC meetings, will assume more money printing is in order. Bulls deservedly liked Jobless Claims
report (335K vs 372K expected & prior 371K) which blew away estimates but
ignored details that this report was a Holiday-quirk. (Remember the algos just
trade the headlines not the details.) Housing Starts were also very good (.954M
vs .887M expected & prior .861M). Earnings news from Citigroup (C) and Bank of America (BAC) which most
investors were anxiously awaiting both sucked and blowed, missing estimates
badly. Those stocks along with closely associated financials (XLF) fell. There
really has never been an enduring bull market without financials solidly in the
mix; but, clearly we’re living in interesting times.Bulls just chose to ignore
negative news and cherry-picked that which they liked. The dollar (UUP) was slightly weaker and
gold (GLD) modestly higher. Commodities (DBC) rallied with higher Oil (USO)
prices occasioned by declining inventories and the emerging African crisis
(Mali and Algeria). Stocks were led higher across the board especially by
homebuilders (ITB) and consumer discretionary (XLY) even as financials
underperformed. Bonds (TLT) prices declined with the stock market boost. Volume was only modestly higher and
still quite below even recent 3 month averages of 145M shares. Breadth per the
WSJ was positive…’
January 17, 2013 http://gainspainscapital.com
http://albertpeia.com/greatsystemicrigof2012ending.htm
The Bundesbank Starts a Run on Gold { Yes, indeed … upon greater reflection, a 7
year wait to repatriate German gold stored at u.s./new york fed, really is a
cause for concern. The question is not only whether it’s there (I doubt it!),
not only whether what’s there has been displaced (stolen) and supplanted with
tungsten gold plate (at best); but, even assuming arguendo it is still there
(doubtful), given the undeniable inherent american proclivity for fraud and
theft, whether the thieving american frauds will interpose some spurious
pretext to preclude if not exclude the possibility of return (the story of
america’s foreign and domestic policies in a nutshell). One really has to
wonder as to the soundness and rationality of Germany’s decision in answering,
why fraudulent america and not the renown, trustworthy and reputable Swiss
Banks for storing their gold. } Everything the Bundesbank does is close to
perfection. The very fact that it is calling in its gold is monumental in terms
of questioning the "full faith and credit" of the United States
Treasury... Read
More... { There isn’t anything about america
that’s not ultimately, in the final analysis, totally fraudulent! } January 16, 2013 http://gainspainscapital.com
http://albertpeia.com/germanydoesnottrustusfed.htm
{ This is a very wise, rational move by
Germany which should be lost on no one. Indeed, by so doing, Germany will
likely guarantee repatriation of real gold, and not tungsten gold plate.
Realize that beyond the theft of $4 trillion still unaccounted for at the new
york fed, there have been ever more brazened frauds within the ranks of the
u.s. government and connected to the fed. The 360 tons of $100 dollar bills
flown into Iraq and disappeared, huge wall street frauds in the trillions still
extant and bailed out for the wall street perps by legislated FASB rule change,
among many other schemes, scams, facilitated by lightning fast computerization
have become both policy and modus operandi of the fed, u.s. government, and
insider perps. }
…The amount of gold the Fed supposedly
holds, is shown in yellow with a shade of tungsten. Why it will take the Fed 7
years to part with an amount of gold that is less than 5% of its total holdings
is anyone's guess.
Bill
Gross Gets It { Gets what? Why
is this surprising? With $4 trillion gone missing (still) at the ny fed,
americans should not trust the ny fed. Germany’s move is totally rational. How
can anyone trust fraudulent, thieving americans with their money or gold,
particularly in the fraud capital of the world, new york city Michael
Savage: Don't trust feds on flu shot... etc., despite america’s
defacto bankruptcy and the unaffordability of same), despite their unequivocal incompetence
and venality. In fact, stepping back, I have seen first hand those siding
with/benefiting from (and the encouraging of more crime), ie., RICO defendants
et als, actually rewarded by the pervasively corrupt/defacto bankrupt american
system (ie., trumps, alito, fed slugees, etc., essentially a combination of and
tantamount to what is essentially hush money, bribes, etc.). Pervasively
corrupt, defacto bankrupt america is a failed meaningfully lawless nation of
marauders/thieves that no longer even remotely resembles what it purports to be
and arguably once was. Replaying
Chris Christie's Epic Anti-Boehner Meltdown ZH { The bigger, fatter, more rotund question everyone’s
asking is, will they ever be able to put humpty dumpty back together again? The
newyork/jersey/conn tristate national drains (huge wall street frauds,
organized crime, and all etc.) feel slighted; yet, how can you miss him? I’ve
been waiting far longer for resolution to the corrupted process regarding funds
due and owing to me from primarily the corrupt tristate region, the beltway’s
no.virginia, and banana republic extraordinaire (the entire nation’s become
one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm Armed
Robberies Spike Following Game... http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm
CONGRESSMAN
WARNS OBAMA: IMPEACH YOU [ http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ]
White
House readies 19 executive orders on guns... }
http://albertpeia.com/americagone.htm
What
Are You Paying For? JAN 16 - ADAM ENGLISH
Pros are Getting Paid
to Underperform Ignore their hype. Managed funds are terrible. You're better
off on your own and here is why... Read
More...
Federal
Government Musings And Other Societal Observations
Posted by: CalibratedConfidence
Post date: 01/17/2013
http://albertpeia.com/americatitsup.htm
A
MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN...
Posted by : williambanzai7
Post date: 01/17/2013
The unraveling of the Ponzi Burrito
begins..
http://albertpeia.com/germangoldgone.htm
Submitted by Tyler
Durden on 01/17/2013
While Brent closed 2012 at around its
average closing price for the year, suggesting some stability, rolling a
front-month contract garnered returns over 10% underscoring Jeff Currie's
(Goldman's chief commodity strategist) note that money can still be made in a
low volatility environment. However, he does note the incredible divergence between near-record-high
geopolitical risks and near record-low Brent crude volatility relative to
stocks . The key is that while Currie expects the global oil to
remain cyclically tight (inventories low in 2013-14), with a $105.50 average
for WTI; in an interview earlier today in Frankfurt, he said he wouldn't be surprised "if we woke up in summer
and [Brent] oil cost $150" per barrel.
Submitted by Tyler
Durden on 01/17/2013
A few years ago back when I used to
watch an occasional bit of television, I would always have an internal debate
with myself: which was more funny– Comedy Central, or CNBC? It was always a toss-up. One channel has talking puppets. The other has Steven Colbert. Both are
satires of our bizarre reality. These days it seems financial media has surged
ahead in this contest, rolling out one expert guest after another to beat a steady drum that economic recovery has settled on
terra firma . Now, I’m an optimistic guy... and there are plenty of
good news stories around the world. But just looking at the numbers, it’s clear
that there is a major disconnect between sentiment and reality. On one hand,
western governments and mainstream media sources tell people that their
economies are recovering and moving forward. Sentiment is high, confidence is
growing. Unfortunately the data
show a completely different story...
Submitted by Tyler
Durden on 01/17/2013
With the Dell LBO potentially heralding
the renaissance of re-leveraging risk transfer from equity-holders to
credit-holders, Goldman's screen among investment grade and high-yield
companies attempts to uncover the names most
likely to engage in shareholder-friendly (or more specifically bond-holder
unfriendly) events . From quantitative screens on cashflow, leverage, and
cash to stock 'cheapness', industry suitablity, and management reputation, the
following 47 names warrant further attention (in both CDS and equity markets).
Submitted by Tyler
Durden on 01/17/2013
A week ago, when Wells Fargo unleashed
the so far quite disappointing earnings season for commercial banks (connected
hedge funds like Goldman Sachs excluded) we
reported that the bank's deposits had risen to a record $176 billion over loans on
its books. Today we conduct the same analysis for the other big two commercial
banks: Wells Fargo and JPMorgan (we ignore Citi as it is still a partially
nationalized disaster). The results are presented below, together with a rather
stunning observation.
Submitted by Tyler
Durden on 01/17/2013
Stocks surged (apart from AAPL)
gloriously out of their super-narrow recent range, driven by recycled JPY
rumors and some potential 'give' by the Republicans, and the rest of the
risk-on complex tracked higher with it. Treasury yields pinged back to higher
on the week as the S&P took out recent
highs amid a very large surge in average trade size - something that often
marks a climax in trend . It seems the selling of vol has hit
its short-term limit (as VIX flatlined in general today) and so FX and credit
were the levers today. Gold
and Silver also surged on the day as Oil popped on the growing tensions
in Algeria. In a premature release, Intel exposed an EPS beat, revenue miss,
and weak guidance which sent algos scurrying and the share price snapping up
and down into the close (and falling after). The bottom-line seems to be that
the BoJ joining the infinite print brigade (and some very mixed US macro data)
was enough to break us out of a narrow range - but the VWAP reversion into the close appears anything but follow
through for the next leg up - as trade size suggests short-term
trend change.
Submitted by Tyler
Durden on 01/17/2013
When one thinks of open-ended,
"inflation targeting" one usually thinks of soaring markets, at least
in nominal terms, exploding central bank balance sheet, and happy central
planners. What one usually does not think of, is, well, inflation
targeting . Because while the shadow banking financial system,
perfectly devoid of deposits, has for now provided a sufficient buffer from
trillions of reserve injections from spreading into the broader economy of the
US and Europe, and has primarily impacted stock markets as unsterilized
liquidity injections are used by banks to bid stocks, Japan has been far less
lucky in this regard. As it turns out, the massive slide in the Japanese Yen in
the past 2 months on nothing but ongoing promises of open-ended action,
something Europe has perfected, and the US most recently enacted, may have
already achieved its goal of pushing inflation. only not to the desired 2% level, but about 50% higher. Luckily, it is
for such trivial things that nobody really every needs, such as fuel and
consumer products - just ask the BLS.
Submitted by Tyler
Durden on 01/17/2013
Keynesian policy requires an
expansionist Central State and Bank bent on imposing central planning on every
level of the economy. Keynesians are natural partners with the neofeudal
financial Aristocracy which benefits so enormously from Keynesian
print-borrow-blow policies. The standard Keynesian cargo-cult analysis of our
economic woes: 1. The problem is a lack of aggregate demand , i.e. people buying stuff and services;
2. As a result, the economy is running below
capacity , i.e. economic output is below potential; 3. The solution is fiscal and monetary stimulus , i.e. the
Central State borrowing and spending trillions on politically directed programs
and the Federal Reserve printing and injecting trillions of "free
money" dollars into the financial sector to boost borrowing and lending. The cargo-cult program has failed for a number of
fundamental reasons. Let's illuminate these reasons with a few thought
experiments.
Submitted by Tyler
Durden on 01/17/2013
Over a year ago we noted that when it
comes to Bank of America "earnings", items which traditionally are
classified as non-recurring , one-time : primarily
litigation and mortgage related charges, have now become recurring , and all the time , courtesy of
the worst M&A transaction of all time - the purchase of Countrywide and its
horrifying mortgage book. Today, this is finally being appreciated by the
market where even the pompom carriers have said that it is time to start
ignoring the endless addbacks and focus on actual earnings. The same
cheerleaders have also, finally, understood that the primary source of
"profitability" at this lawsuit magnet of a company, is nothing other
than the accounting trick known as loan loss reserve releases - not actual profits but merely bottom
line adjustments whose purpose is to mitigate the impact of quarterly charge
offs on loans gone horrible bad. Remember that Bank of America has some $908
billion in total consumer loans and leases , and every day hundreds of
millions of these go ' bad ' and ultimately have to be discharged, offset by
"hopes" that the future will improve. This hits both the balance
sheet and the P&L. So, if one steps back and ignores the non-recurring,
one-time noise, what emerges? A truly frightening picture.
Submitted by Tyler
Durden on 01/17/2013
Just as some do
not believe in Santa, Christine Lagarde appeared to comment that she does not
believe in currency wars (or competitive devaluation) this morning but sure
enough, just a few hours later, Reuters rumors that the BoJ is about to join
the Fed and ECB on the open-ended infinite print train. Sure enough, JPY is dumping (breaking recent highs on a
stop-run), stocks are responding in their correlated carry way , and precious metals are surging (Silver +4.6% on the week) as
fiat floods the world . It appears 2013 is the years of last last resort as the
G-20 meme seems to be "if we can't reflate now, then it's all over."
What is perhaps remarkable about the equity response is that everyone has
known for two months that Japan plans on implementing a 2% inflation target.
The only question has been "how" - and that it is only logical that
the BOJ would use 'whatever means everyone else has used' - today merely confirmed this - knee-jerk algo
response or sell-the-news?
Submitted by Tyler
Durden on 01/17/2013
A month ago we
mocked the Philly Fed number which printed at an outlier level of
8.1, slamming expectations of a negative print, and sending algos into over buy drive. A week
ago we were validated when the annual revision brought that number down from
8.1 to 4.6. Today we get confirmation that the December print was a total
farce, with a January Philly Fed print which is once again solidly in negative
territory, or -5.8, which just happens to be the biggest miss to expectations
of 5.6 in seven months. Yet while a month ago the huge beat was a reason for
the robots to ramp stocks, today's miss is a reason to... ramp stocks even
more. Why? Because moments before the disappointing announcement the Fed
decided to inject even more liquidity in addition to the now daily unsterilized
POMO, following the resumption of repos, which injected some
$210 million in reserves into dealers. This is in addition to the $3
or so billion that today's
POMO will add as stock purchasing dry powder for banks.
Submitted by Tyler
Durden on 01/17/2013
No commentary necessary.
Submitted by Tyler
Durden on 01/17/2013
Initial jobless claims saw their biggest beat in almost 4 years to the lowest absolute
(seasonally adjusted level) in almost 5 years . The market's
initial reaction was a shrug (is good bad now that the Fed is pinned to jobs or
is the market getting wise in the ways of seasonal-adjustment shenanigans?) but
now it appears to be buying the new 'old' normal (+6 points). In the unadjusted data, things look very different - with a lag,
New York (37,189), Georgia (15,354), and North Carolina (13,606) saw major
rises in initial claims with only Michigan (-12,536) seeing a decent drop in
claims - as we note that non-seasonally-adjusted claims rose notably less than
in the prior 4 years, and assuming seasonal-adjustments are triggered from
those, this will reflect very rosily on today's seasonal adjustment. With Claims
back to 'normal', what will the Fed do?
Submitted by Tyler
Durden on 01/17/2013 - 08:21
While Citi's stock is getting hammered
in the pre-market for missing both top- and bottom-lines, three things stand
out to us at first glance. First, legal costs were well above expectations;
second, they reduced their exposure to GIIPS during Q4 - just when the
rip-roaring rally in Europe really took off; and third, and more importantly, Citi did not take a huge loan loss reserve drawdown like
every other bank .
*CITIGROUP 4Q REV. $18.66B, EST.
$18.92B
:C US
*CITIGROUP 4Q ADJ. EPS 69C WITH/WITHOUT ITEMS MISSES EST.
96C
*CITI 4Q GIIPS NET CURRENT FUNDED EXPOSURE $8.9B VS 3Q
$9.5B
*CITIGROUP 4Q LOAN LOSS RESERVE RELEASE $86M VS $1.5B
PRIOR YR
The question is, why would Citi not take
advantage of the investing public's ignorance like every other bank and release
more from loan-loss-reserves - have they maxed out their previous releases? or are they less exuberant at the housing un-recovery? (we note that
90-179-Day Delinquencies rose)
Submitted by Tyler
Durden on 01/17/2013 - 08:14
Obama's Gun
Curbs Face a Slog in Congress ( BBG )
Euro Area Seen
Stalling as Draghi’s Pessimism Shared ( BBG )
China Begins to
Lose Edge as World's Factory Floor ( WSJ )
EU Car Sales
Slump ( WSJ )
Fed Concerned
About Overheated Markets Amid Record Bond-Buying ( BBG )
Australia Posts
Worst Back-to-Back Job Growth Since ’97 ( BBG )
Abe Currency
Policy Stokes Gaffe Risk as Amari Roils Yen ( BBG )
Japan
Opposition Party Won’t Back BOJ Officials for Governor ( BBG )
Fed Reports
Point to Subdued Economic Growth ( WSJ )
China Set to
Exit Slowdown by Boosting Infrastructure ( BBG )
Greece not out
of woods, must stick to reforms: finance minister ( Reuters )
Russian Rate
Debate Flares Up as Cabinet Seeks Growth ( BBG )
Submitted by Tyler
Durden on 01/17/2013
Bank of America just reported yet
another quarter marked by a bevy of "one-time" charges, which have
now become normal course of business, even as NIM declined Y/Y, and sales and
trading revenues declined sequentially. Loan loss reserve releases of $900
million more than offset the declining Noninterest income, and contributed to a
positive pre-tax net income number. The biggest threat continue to be private
Rep and Warrant outstanding claims which increased by almost 42 billion in the
quarter to a total of $12.3 billion.
AP Business
Highlights ...Yahoo Market
Update…
Metal News for the Day
1-16-13 Dave’s Daily: http://www.etfdigest.com ‘MARKETS STILL
IN SLOW MOTION 1-16-13 JP Morgan (JPM)
earnings rose ($1.39 vs $1.16 estimates & revenues $24.38 vs $24.23
expected) while Goldman Sachs (GS) earnings were quite good ($5.60 vs $3.78
estimates & revenues $9.24 billion vs estimates of $7.91 billion). Other
reports from insurer Genworth Financial (GNW) and M&T Bank (MTB) were also positive in the financial
(XLF) and bank sector (KBE).Losers included Chipotle Mexican Grill (CMG) on
higher food costs and Boeing (BA) as the Dreamliner fleet was grounded in
Japan. Apple (AAPL) got a boost from timer Tom DeMark who claimed the stock had
hit bottom from his view.Economic data included: CPI (0.00% vs .1% expected
& prior -.3% & core rate .1% vs .1% expected & prior .1%);
Industrial Production (.3% vs .2% expected & prior 1.0%); Housing Market
Index (47 vs 48 expected & prior 47) and the important Fed Beige Book
showed little if any important economic growth. The employment component within
the report was unchanged.Overseas China reported the first decline in Foreign
Direct Investment for the first time since 2009. The World Bank cut its global
economic forecast to 2.4% vs 3% and the German government lowered its growth
forecast to .4% vs .7% previously. For the most part these forecasts are just
catching-up with reality. The Fed will use this and other data to
determine future monetary policies at their next meeting ending January 30 th .So called “currency wars” are emerging
globally as countries attempt to trash their own to remain trade competitive.
But, there are potential negative consequences to doing so as noted here .The dollar (UUP) was slightly higher and so too was gold (GLD) once
again. Stocks were led higher by tech on the Apple rally while financials (XLF)
moved mostly sideways. Bonds (TLT) were once again higher as stocks appear out
of oxygen after post fiscal cliff rally.Volume is still missing even as markets
seem well-managed at high levels. Breadth per the WSJ was negative…’
http://theeconomiccollapseblog.com
http://albertpeia.com/50shockingquestions.htm
January 16, 2013 http://gainspainscapital.com
http://albertpeia.com/germanydoesnottrustusfed.htm
{ This is a very wise, rational move by
Germany which should be lost on no one. Indeed, by so doing, Germany will
likely guarantee repatriation of real gold, and not tungsten gold plate.
Realize that beyond the theft of $4 trillion still unaccounted for at the new
york fed, there have been ever more brazened frauds within the ranks of the
u.s. government and connected to the fed. The 360 tons of $100 dollar bills
flown into Iraq and disappeared, huge wall street frauds in the trillions still
extant and bailed out for the wall street perps by legislated FASB rule change,
among many other schemes, scams, facilitated by lightning fast computerization
have become both policy and modus operandi of the fed, u.s. government, and
insider perps. }
Submitted by Tyler
Durden on 01/16/2013
Tthe biggest news of the day comes from
the official Buba announcement that, in its official capacity as a prudent
central bank, it - as first of many - is looking to repatriate some 300 tons of
gold from the New York Fed. That, however, is not today's news - that
was Monday's news . What is news is that courtesy of the supplied calendar
of events in
the Buba statement , it
will take the Fed some seven years to procure Germany's 300 tons of gold . This is the
same Fed that, in its own words, holds some " 216 million
troy ounces of gold " or some 6720 tons, in its vault 80 feet below
ground level. Putting the above in perspective, the amount of gold that Germany
will have to wait 7 years for is shown in red. The amount of gold the Fed
supposedly holds, is shown in yellow with a shade of tungsten. Why it will take
the Fed 7 years to part with an amount of gold that is less than 5% of its
total holdings is anyone's guess.
U.S.
Government Claims – Just Like the Nazis – that the Truth Is Too Complicated and
Dangerous to Disclose to the Public Posted by: George Washington Post date: 01/15/2013 - History Repeats ...
http://albertpeia.com/usnaziapproach.htm
Escape
from America
6 Places to Protect and Grow Your Wealth as US Spirals
Out of Control
www.Sovereign-Investor.com
Coming
Economic Collapse
18 Critical Items You Need To Prepare, Tomorrow May Be
Too Late
WealthDaily.com/Economic_Collapse
14.9%
Inflation in 2013?
Will the Value of the U.S. Dollar Decline in the Coming
Months?
www.DailyWealth.com/Inflation
Drudgereport: PAPER:
Time to start switching out of US assets...
13-year-old
girls beat woman at bus stop 'for fun'... Girl
gang hails cab, then chokes, robs driver... ( Uncivilized niggers, of course! ){ CHICAGO (FOX 32
News) – ‘The Chicago Police Department has issued an alert in the 2nd District
of Wentworth for several armed robberies that have occurred during the month of
January.The offenders, described as six to seven African American females with
a light completion between the ages of 16 and 20, enter cabs in the Loop. Upon
arrival to their destinations on the South Side, one of the girl chokes the
driver with a rope or cord, while another threatens the cab driver with a
knife, demanding cash. Authorities say the group then jumps out of the
cab… Read more: http://www.myfoxchicago.com/story/20546398/alert-group-of-girls-sought-armed-robbery-cab-drivers?obref=obinsite#ixzz2ICcZA7FJ }
Congressman
Boasts Salary Requirements nigger!
What a waste of money, time, and resources these incompetent, corrupt, venal
federal slugs are! }
The fiscal cliff failed to address the
debt ceiling, and as the deadline draws closer, the U.S. credit rating is in
danger.
Submitted by Tyler
Durden on 01/16/2013
Tthe biggest news of the day comes from
the official Buba announcement that, in its official capacity as a prudent
central bank, it - as first of many - is looking to repatriate some 300 tons of
gold from the New York Fed. That, however, is not today's news - that
was Monday's news . What is news is that courtesy of the supplied calendar
of events in
the Buba statement , it
will take the Fed some seven years to procure Germany's 300 tons of gold . This is the
same Fed that, in its own words, holds some " 216 million
troy ounces of gold " or some 6720 tons, in its vault 80 feet below
ground level. Putting the above in perspective, the amount of gold that Germany
will have to wait 7 years for is shown in red. The amount of gold the Fed
supposedly holds, is shown in yellow with a shade of tungsten. Why it will take
the Fed 7 years to part with an amount of gold that is less than 5% of its
total holdings is anyone's guess.
Submitted by Tyler
Durden on 01/16/2013
Some discoveries are exciting, joyful,
and exhilarating, while others can be quite painful. Stumbling upon the
fact that you do not necessarily have a competent grasp of reality, that you
have in fact been duped for most of your life, is not a pleasant experience. I
came to see a dark side to the Democratic Party that had always been there but
which I had refused to acknowledge. During the rise of any despotic
governmental structure, there is always a section of the population that is
given special treatment, and made to feel as though they are “on the winning
team”. For now, it would appear that the
“Left” side of the political spectrum has been chosen by the establishment as
the favored sons and daughters of the restructured centralized U.S .
However, before those of you on the Left get too comfortable in your new
position as the hand of globalization, I would like to appeal to you for a
moment of unbiased consideration. I know from personal experience that
there are Democrats out there who are actually far more like we
constitutionalists and “right wing extremists” than they may realize. I ask that you
take the following points into account, regardless of what the system decides
to label us...
Submitted by Tyler
Durden on 01/16/2013
The pain for Boeing never stops. Just
out from Reuters:
U.S. FAA says requiring airlines to temporarily stop
flying Boeing's 787 Dreamliner. #BREAKING
FAA: Battery failures on Boeing 787s could damage critical
systems and structures, spark fire, if not corrected
FAA: Will work with Boeing, airlines to develop
corrective action plan to resume 787 operations as "quickly and safely as
possible"
FAA: Decision to ground Boeing 787s prompted by second
incident involving lithium ion battery failure
FAA: Will also examine Boeing 787 batteries as part of
comprehensive review announced last week
So, will Transportation Secretary Ray
LaHood (i.e., the US government) perhaps reassess his conclusion from last week
that the Dreamliner is " safe " or
perhaps this too is just more teething problems... Or merely an ultra
aggressive case of industrial sabotage from EADS? In other news, perhaps it is
time to find a more appropriate name of the Dream liner?
Submitted by Tyler
Durden on 01/16/2013
Some have argued that the market is
dead. They may be right, as the following sequence of S&P 500 closes from
the past 5 days: 1472, 1472, 1471, 1472,
1473 ...suggests that V-Fib has set in among the equity
indices. Perhaps, as the movie Flatliners noted "Some Lines [like SPX 1470]
Shouldn't Be Crossed." Meanwhile the 10Y Treasury yield has
slipped from 1.90% to 1.82% over the same period.
Submitted by Tyler
Durden on 01/16/2013
With Apple apparently building a
lower-cost iPoor model and now accepting iLayaway payments, the question of
margins is once again front-and-center. However, the market as a whole is in a
world of its own in its consensus view of what US companies are capable of
producing next year. As Morgan Stanley notes, 58% of firms are expected to
raise their margins YoY through 2012, and then consensus sees a stunning (record-breaking) 76% of firms
will raise margins in 2013 . If that eye-watering buffoonery is not
enough to raise some doubts at the market's implied ebullience, then a reminder
that we have seen this
divergence from GDP growth and margin growth before - as, simply
put, the squeezing of costs to improve margins inevitably plays out down the
chain (aggregate supply and demand lags) and increases the load on government
as safety net living-standard-provider-of-last-resort. The bottom line is
simple - margin expectations must
fall and given the dour outlook for top-line growth in a stagnating global
economy, that will expectations correction will drop straight to the
bottom-line. Of course, prices will be nominally defended by a herd of
talking heads expecting moar multiple expansion.
Submitted by Tyler
Durden on 01/16/2013
From last Friday, the S&P 500 had decoupled
somewhat (trading in a 10 point range) from credit markets (which had widened
notably) while spot VIX had caught up (and over-taken) stocks. Today saw HYG
(the high-yield bond ETF) trade sideways to lower all day long, catching down
to its credit derivative market cousins, as VXX was the lever of choice to ramp stocks to test the
week's highs once again (and scratch a few more stops).
However, while AAPL made it up to the lows of the last swing down amid thin
volumes, the last hour saw mid-dated volatility being bought which pushed VXX
higher and reverted it towards rates and credit un-exuberance. Treasuries ended the day green once again and the USD
drifted higher (though most of FX traded in extremely tight ranges). Silver rose
further, Gold trod water, and oil played some catch up to the precious metals. Tech
outperformed (thanks to AAPL) but financials (apart from some early vol) did
nothing - despite Mario Monti's call that "the crisis is over." Another low-range, low volume, mediocre trade size,
close-near-the-open day in stocks with bonds bid - and futures fade
after-hours.
Submitted by Tyler
Durden on 01/16/2013
Call it "X
Date", call it " D(elinquent/efault)-Day ", call it
what you will: it is simply the day past which the US government will no longer
be able to rely on "extraordinary measure" to delay the day of
reckoning, and will be unable to pay all its bills without recourse to
additional debt. It is not
the day when the US defaults, at least not defaults on its debt. It will
begin "defaulting" on various financial obligations, such as not
paying due bills on time and in full, but since this is something Europe's
periphery has been doing for years, it is hardly catastrophic. It will hardly
be pleasant, however, as some 40% of government obligations go unfunded, and
the US is converted to a walking, talking bankruptcy as unsecured claimants
rush to demand priority, as the market, long living on hope and prayer,
realizes that only now is it truly without a cliff under its feet, and most
importantly, as suddenly $500 billion in maturing debt between February 15 and
March 1 finds itself in a very, very precarious position.
Submitted by Tyler
Durden on 01/16/2013
As the S&P 500 pulls within a few
percentage points of its nominal all-time highs, despite macro-uncertainty and
micro-delusion, perhaps (as UBS' Peter Lee notes) a longer-term perspective is
warranted. For over 80 years, the S&P 500 (or its proxy) has cyclically
reverted to it its logarithmic trend-line growth. The last time the market
pulled away from this bullish up-trend was in 1982 (and the previous period of
cyclical reversion took 32 years from 1942 to 1974) and suggests the S&P 500 could well revert to around an 850 level
within the next year or so . Perhaps Lee (the anti-thesis of JPM's
Tom Lee) needs to read
some Birinyi to really understand how to extrapolate? Still, an
80-plus year trend-line perhaps offers some color.
Submitted by Tyler
Durden on 01/16/2013
While moustachioed
managers , contrary to the far better
insight of their superiors , and mainstream
spivs are trying to talk down Germany's somewhat stunning shift in thinking -
i.e. to repatriate its gold - as nothing but political pandering (or
cost-saving); it seems, just
as we predicted , the rest of the world are seeing this
crack-in-the-confidence-armor the same way we have suggested. As we
noted here , the first party to defect from the prisoner's dilemma
of all the bulk of global gold being held by the Fed, defects best (then the
second, or even the third perhaps) and sure enough, via
RTL , we see the Dutch CDA party has
requested that Holland's gold supply be repatriated. Who next?
1-15-13 Dave’s Daily: http://www.etfdigest.com ‘BANK EARNINGS IN SPOTLIGHT 1-15-13 It’s rare to see markets in such a slow crawl higher or lower. The
recently higher trend is levitating on very little volume. It will take some
positive earnings news from S&P 500 heavily weighted financial companies
like banks (KBE) and (XLF) to either fire up bulls or take us back down with
disappointments. Wednesday, JP Morgan (JPM) and Goldman Sachs (GS) will offer
their reports. Some analysts have sharply lowered expectations which may allow
for earnings beats while others still expect disappointments. With financials
moving above even long term levels of resistance, these reports will be much
watched. Apple (AAPL) continues
its descent as the psychologically important $500 level fell and with a near
20% weighting on tech indexes (QQQ) (XLK) the sector was pulled lower. You can
consider the absence of new gadgets in 2013 (that we know of) and soft supplier
data a cause. In my mind the stock was just overowned. The average of street
analysts’ price targets is $728. Well the holidays are just 11 months away.
Below is a table from Zero Hedge showing hedge fund ownership of Apple as of
September 2012 quarter end. It was all downhill from there.
http://albertpeia.com/daveschart11513.gif
Economic data
Tuesday featured the following: Retail Sales depending on your view climbed
(.5% vs .2% expected & prior .3%. ex-Autos & Gas .6% vs .5% expected
& prior .7%); Empire State Mfg Survey was still weak (-7.78 vs 0.00
expected & prior -8); and, PPI was lower (-.2% vs -.1% exp & prior -.8%: ex-food & energy .1%
vs .2% exp & prior .1%) The dollar (UUP) was stronger but oddly
so too was gold (GLD). With the latter there was some rumblings as to why the
German Bundesbank would want to take physical possession of its gold from the
NY Fed. The old joke with Swiss banks is they, as transactions were made, would
just move the metal from one side of the vault (seller) to the other (buyer).
Those carts were on wheels naturally. Bernanke also got gold going higher with
remarks at the U of Michigan basically saying unemployment is improvement but
is too slow as is the economy while inflation is tame. (As long as they
calculate unemployment without including those falling off the roles and
inflation calculated as they do, then he’s right.) Commodities (DBC) overall
were mixed as oil (USO) fell while grains (JJG) were higher. Bonds (TLT) rallied.
Volume remains frustratingly light as if all traders left the floor and
didn’t turn out the lights. Breadth per the WSJ was modestly positive…’
http://theeconomiccollapseblog.com
http://albertpeia.com/35statsusworkingpoor.htm
Bill
Gross Gets It { Gets what? Why
is this surprising? With $4 trillion gone missing (still) at the ny fed,
americans should not trust the ny fed. Germany’s move is totally rational. How
can anyone trust fraudulent, thieving americans with their money or gold,
particularly in the fraud capital of the world, new york city Michael
Savage: Don't trust feds on flu shot... etc., despite america’s
defacto bankruptcy and the unaffordability of same), despite their unequivocal
incompetence and venality. In fact, stepping back, I have seen first hand those
siding with/benefiting from (and the encouraging of more crime), ie., RICO
defendants et als, actually rewarded by the pervasively corrupt/defacto
bankrupt american system (ie., trumps, alito, fed slugees, etc., essentially a
combination of and tantamount to what is essentially hush money, bribes, etc.).
Pervasively corrupt, defacto bankrupt america is a failed meaningfully lawless
nation of marauders/thieves that no longer even remotely resembles what it
purports to be and arguably once was. Replaying
Chris Christie's Epic Anti-Boehner Meltdown ZH { The bigger, fatter, more rotund question everyone’s
asking is, will they ever be able to put humpty dumpty back together again? The
newyork/jersey/conn tristate national drains (huge wall street frauds,
organized crime, and all etc.) feel slighted; yet, how can you miss him? I’ve
been waiting far longer for resolution to the corrupted process regarding funds
due and owing to me from primarily the corrupt tristate region, the beltway’s
no.virginia, and banana republic extraordinaire (the entire nation’s become
one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm Armed
Robberies Spike Following Game... http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm
CONGRESSMAN
WARNS OBAMA: IMPEACH YOU [ http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ]
White
House readies 19 executive orders on guns... }
Submitted by Tyler
Durden on 01/15/2013
Gross: Report
claims Germany moving gold from NY/Paris back to Frankfurt. Central banks don’t
trust each other?
Submitted by Tyler
Durden on 01/15/2013
Are more and more people in the western
world dropping off the radar and becoming the invisible poor or is the opposite
happening? We are always interested in looking at the
financial health of real people. We noted earlier that an astounding
46 million Americans are officially below the poverty line (That's
$23,050/year for a family of four according to the official sources). That
number really caught PaydayLoan.co.uk 's eye and as
such they decided to do a little more digging to help put some more facts and
figures around it. The below is an excellent visualization of the results they
came up with. Conservative MP Norman Tebbit when responding to a
question on unemployment noted "I grew up in the 30's with an unemployed
father. He didn't riot. He got on his bike and looked for work, and he kept looking
'til he found it." Are
the American (and possibly other western populations) poor really in this mess
because they are lazy (27% of Americans think so) or is it
because they don't have the right work ethic (49% of Americans think this is
all it would take!)?
Submitted by Tyler
Durden on 01/15/2013
In one sentence, during 2013, we expect imbalances to grow. These
imbalances are the US fiscal and trade deficits, the fiscal deficits of the
members of the European Monetary Union (EMU) and the unemployment rate of the
EMU thanks to a stronger Euro. By now, it should be clear that the rally in
equities is not the reflection of upcoming economic growth. Paraphrasing
Shakespeare, economic growth
"should be made of sterner stuff" . Many analysts
rightly focus on the political fragility of the framework. The uncertainty over
the US debt ceiling negotiations and the fact that prices today do not reflect
anything else but the probability of a bid or lack thereof by a central bank
makes politics relevant. Should the European Central Bank finally engage in
Open Monetary Transactions, the importance of politics would be fully visible.
However, unemployment is 'the'
fundamental underlying factor in this story and we do not think it will fall. In the long
term, financial repression, including zero-interest rate policies, simply hurts
investment demand and productivity.
Submitted by Tyler
Durden on 01/15/2013
After more than two months of political
grandstanding, finally the $60 billion pork-laden Sandy relief aid bill has
passed through the House in a 241-180 vote (with 1 democrat and 179 republicans
voting no), with the vote passing courtesy of just 49 republicans who voted
with the democrats. The reminder objected in protest "against a bill that
many conservatives say is too big and provides funding for things other than
immediate relief for New York, New Jersey and Connecticut" Politico
reports. Specifically, the House approved a $50 billion relief bill, after
several hours of contentious debate in which scores of Republicans tried
unsuccessfully to cut the size of the bill and offset a portion of it with
spending cuts. $9.7 billion had been already voted on January 4th for a flood
insurance lending facility.The biggest winner today? Chris Christie whose
anti-Boehner soapbox rant drama two weeks ago may have been just the breaking
straw that forced the passage of this porkulus bill.
Submitted by Tyler
Durden on 01/15/2013
In an impassioned 80 seconds, MEP Daniel
Hannan exposes the structurally rotten "syphilitic core" of a
European Union whose existential crisis has now seemingly been pronounced
'over' by those wondrous self-denying members of the European elite. "There is an extraordinary denial going on," the eloquent
Englishman expounds as he notes that they still "haven't addressed the
fundamental problem," of 'applying a single monetary policy to
countries with widely divergent conditions and means' leaving
unemployment rising and growth stagnating. He notes that the crisis in one
respect is over, the moment of decision of taking one of two paths, is indeed
over - and "the squaller, the
wretchedness, the unemployment and poverty have now become structural."
Submitted by Tyler
Durden on 01/15/2013
In some ways it is lucky that the platinum
coin nonsense is dead and buried because there may have been certain procurement
issues. The reason, as was the case late in 2012, is that the South African
mining situation is once again rapidly unraveling, despite hopes by third
parties that recent wage compromises between employers and unions had managed
to leave striking workers and mining companies at a tense but cordial
impasse. However, as was easily predictable, following the substantial wage
hike demanded by miners to end strikes, what resulted was perfectly expected: a
collapse in profits. And now Anglo American Platinum has no choice but to
shutter a variety of facilities and fire workers outright in order to restore
the pre-riot profitability. From AP: "The world's largest platinum producer
said Tuesday it will close some operations, sell one mine in South Africa and
cut 14,000 jobs. Anglo American Platinum said a nearly yearlong review found
that four mine shafts needed to
be closed and one mine sold because of unprofitable operations. The
government's minister of mines and the National Union of Mineworkers, NUM, expressed surprise and shock at the announcement ."
Submitted by Tyler
Durden on 01/15/2013
In their view, 2013 will likely mark the
dawn of the post-crisis era, but it seems the premise for Deutsche's
somewhat ebullient 2013 outlook (below) is that central-bankers remain on
standby to counter any and all negative risks . Despite the
brinksmanship, politicians will act to prevent systemic collapse and while
structural long-term issues such as high debts across the developed world and
unbalanced growth models in emerging economies remain unsettled, Deutsche
argues that 2013 could be a year of stabilization after years of
crisis-fighting. The following presentation is broad-based and lays out a "don't fight the central banker"
meme perfectly ; however, the six key downside risks (from China NPLs to European political unrest) that
they highlight (but gloss over in their somewhat Pollyanna-ish way),
should at least - in our humble opinion - raise some concerns about the bimodal distribution of outcomes that await
risk assets in 2013.
Submitted by Tyler
Durden on 01/15/2013
Much has been made of the slow but
steady 'improvement' in the unemployment data we are treated to on a weekly and
monthly basis from the hallowed eves of the BLS. Just as much has been written
on the ugly under-belly of this apparent improvement with the work-force
becoming dominated
by older workers forced to stay in jobs for longer and an increasing
downshift in the kind of jobs available and taken. To wit, Reuters
cites a report from the The
Working Poor Families Project that highlights the surprising levels
of poverty so many Americans find themselves in. The number of low-income 'working' families has increased three straight years -
and now stands at over 10.2million , with more than 46 million people
living in low-income families. "Although many people are returning
to work, they are often taking jobs with lower wages and less job security,
compared with the middle-class jobs they held before the economic
downturn," which means that nearly one in three working families in
the United States is struggling to meet basic needs. Although they are often
overlooked, the number of low-income
working families has been increasing steadily , resulting in
a shrinking middle class and challenging
a fundamental assumption that in America, work pays - as we
have pointed out before (at these levels, it simply doesn't thanks to the
benefit availability) .
Submitted by Tyler
Durden on 01/15/2013
Interest Rate Observer, Jim Grant,
played an important role as explainer-in-chief in the forthcoming movie "The Bubble" - a
documentary that interviews the experts that predicted the 2008 crash and asks
what happens next. The brief interview embedded below provides a smorgasbord of
Grant's thoughts on topics from Fannie and Freddie as government-sponsored titanic hedge funds , his concerns
at the unintended consequence of the debt-sustaining mortgage interest
deduction, why MBS are not the root of all evil, and how the federal government
is socializing risk for bankers. As usual, the ever-so-erudite Grant sums it
all up superbly: "American bankers, based on the experience of
2007-8-9, don't know much about banking, but there's one institution that knows
still less and that institution is the United States Congress. " Adding
that the past two or three years have all been about the unintended
consequences of federal "spending, promising, and intervening" in finance and
banking to delay a day of reckoning , Grant
believes a correction is coming but again warns (in as succinct an
eleven-word-sentence about our real world as we have seen recently), that "Bankers get the upside and we - the taxpayers - get
the downside."
Submitted by Tyler
Durden on 01/15/2013
From the start of 2012, AAPL was the
beta-transforming game in town. Fund after fund claimed their stock-picking
excellence when really, they were just running a higher beta fund being
overweight AAPL. Today saw that come to an end (for now). AAPL and Nasdaq have recoupled (both +19.5% from
12/30/11) as the former fell to 11-month lows . One thing is
clear, given strength in the indices today, everyone and their mom appeared to
be in the long AAPL, short index trade isolating their performance.
S&P 500 futures pushed inexorably higher all afternoon (even as bonds
rallied, and the USD went bid on Juncker's verbal intervention) - testing
unchanged on the week. From
soon after this morning's POMO, US equities disconnected almost entirely from
the rest of risk assets . Gold and Silver rose, Oil and copper
slid, HY Credit snapped lower and recovered in the afternoon as the VIX term
structure yawns ever wider across the debt-ceiling deadline, CHF was offered
all day, and the short-term T-Bill curve is now inverted (stressed)
across the debt-ceiling deadline.
Submitted by Tyler
Durden on 01/15/2013
This trend has been in place since the
financial crisis, but the fact that it is accelerating is extremely
disconcerting. First off,
this is not the kind of behavior that should be witnessed in an “economic
recovery.” Second, we need to remember the huge percentage of
Americans on food stamps and/or disability. As we have discussed
previously, many of them also have jobs. So essentially, a wage and a check from the government is still
not enough to survive. They still need to tap into a loan from their 401k
plans.
Submitted by Tyler
Durden on 01/15/2013
We realize the subject matter is about
as tangential to the core themes discussed here as possible, but since
hypocrisy of this magnitude has to be seen to be believed, and traditionally
was only possible when emanating from the Federal Reserve (did we say
tangential?) we present: Liestrong ... in his own
words.
Submitted by Tyler
Durden on 01/15/2013
As we anxiously await the titanic
announcement about to spew forth from Menlo Park, we thought a look at 2013's
+20% performance was worthwhile. We would expect to hear a plethora of
'monetizing mobile' and a cajillion eyeballs must mean something. Will the
Facebook phone replace the Obama-phone? Will being 'liked' provide external stimulus?
Will they be merging with Dell (or Radioshack?) Feeling bullish? Be wary,
implied vol is at its most expensivce to realized vol in 7 months... Rest
assured, we will bring the critical headlines as they break...
*FACEBOOK SAYS IT'S A PRODUCT ANNOUNCEMENT
:FB US *FACEBOOK ANNOUNCES GRAPH
SEARCH
:FB US
FB stumbling now -1.7%
http://www.marketwatch.com/story/facebook-loses-14-million-active-users-in-us-2013-01-15?link=MW_story_popular
Submitted by Tyler
Durden on 01/15/2013
One of the
biggest "givens" of the New Normal was that no matter what happens,
US corporations would build their cash hoard come hell or high water. Whether
this was a function of saving for a rainy day in a world in which external
liquidity could evaporate overnight, whether it was to have dry powder for
dividends and other shareholder friendly transactions, or to be able to engage
in M&A and other business transformations (but not CapEx, anything but CapEx), corporate cash swelled to
over $2 trillion (the bulk of it held in deposit accounts, or directly invested
in "cash equivalents" i.e. risk assets, in banks in the US and
abroad). Whatever the use of funds, the source was quite clear: ever declining
interests rate which allowed corporate refinancings into ever lower cash rates,
a "buyer's market" when it comes to employees, the bulk of which have
been transformed into low paid geriatric (55 years and older), part-time
workers: the only two categories that have seen a steady improvement in
employment since the start of the second great depression, and low, low
corporate taxes (for cash tax purposes; for GAAP purposes it is different story
altogether). So some may be surprised that the great corporate cash hoard build
appears to have finally tapered off. As the chart below from Goldman shows,
after hitting an all time high of 11.2%, the ratio of S&P500 cash to total
assets has once again started to decline.
Submitted by Tyler
Durden on 01/15/2013
With price-targets now apparently
nothing more than a 'talking-point', it is, perhaps, of little surprise that
the gap between the average sell-side
analyst's price target for AAPL and the current price is the widest it has ever
been . And of course, the 'buys' versus 'sells' has not budged at all... for
your reading pleasure, the 50 analysts' price targets for AAPL... and the two non-lemmings (Per Lindberg and Edward
Zabitsky) that see potential downside for AAPL.
Submitted by Tyler
Durden on 01/15/2013
Just as the
president reminded us yesterday we
are not a deadbeat nation , merely borrowing money today to pay the bills of
yesterday, so, as the NY
Times reports in this all-too-real article, many of the citizens of the US are also living not just
paycheck-to-paycheck but short-term-loan-to-short-term-loan . As one
debt-consolidation service noted "They've been borrowing just to
meet payments on previous loans; it builds on itself." Rings an
awfully loud bell eh? (and yes, we know the government's finances are not run
like a households - though at some point the check book needs to balance).
People in tough 'economic' situations fall into the 'poverty trap' , borrowing money at ever higher
interest rates in a shell game to keep previous borrowers at bay. The average debt for households earning $20,000 a year or
less more than doubled to $26,000 between 2001 and 2010 - as people dig
deeper, precisely because they long to escape. As the focus of the article
notes, "the belt-tightening was the easy part... the larger problem was
cash-flow. " Critically, experiments show that 'economic'
scarcity by itself - independent of personality or any other factors - fuels a drive to borrow recklessly .
Submitted by Tyler
Durden on 01/15/2013 - 07:48
With precisely one month left until the
early bound of the debt ceiling crunch and a possible US government shut down
and/or technical default, and with M.A.D. warnings from the president and
treasury secretary doing nothing to precipitate a sense of urgency (which will
not arrive until there is a 20% market drop, so far consistently delayed but
which will eventually happen), here comes the most toothless of rating
agencies, French Fitch which somehow kept its mouth shut over the past 18
months, when US debt rose by over $2.1 trillion and debt to GDP hit 103%,
shaking a little stick furiously, no doubt under guidance by its corporate
HoldCo owners: French Fimilac SA.
Submitted by RANSquawk
Video on 01/15/2013
Submitted by Tyler
Durden on 01/15/2013
White House
delays 2014 budget after "fiscal cliff" standoff ( Reuters ) - And Senate
will pass this... never?
Amari Signals
Limits to Abe’s Campaign to Weaken Yen ( BBG )
Draghi’s Bond
Rally Masks Debt Doom Loop Trapping Spain ( BBG )
Obama backs gun
limits, concedes tough fight ahead ( AP )
Bernanke to
Weigh QE Costs as Fed Assets Approach Record ( BBG )
Japan to Sell
Debt Worth 7.8 Trillion Yen to Pay for Stimulus ( BBG )
France more
than doubles forces in Mali ( FT ) and yet...
Malian Rebels
Take Town and Vow to Avenge French Attack ( NYT )
China’s Li
Calls for Patience as Government Works to Reduce Smog ( BBG )
EU berates
China over steel subsidies ( BBG )
Number of
working poor families grows as wealth gap widens ( Reuters )
1-14-13 Dave’s Daily: http://www.etfdigest.com ‘WAITING FOR
DATA KEEPS MARKETS IN CHECK 1-14-13 I’m waiting for
the action and volume to build once we get past economic and earnings data set
to roll out this week. Tuesday brings us Retail Sales and the Empire State Mfg
Survey while Wednesday we’ll see earnings from banks like Goldman Sachs (GS)
and JP Morgan (JPM). More earnings will follow Thursday and Friday with Bank of
America (BAC), Citigroup (C) and Morgan Stanley (MS). Let’s also remember
Friday is options expiration. Given all the earnings and data the week’s action
will increase accompanied by higher volatility.Overseas markets will react primarily
to Industrial Production from China also due this week.Postponed for now is the
next “cliff” as Obama and congress vie for the upper hand before February and
March deadlines loom on the debt ceiling. Obama stated his case at a news
conference today. Expect more from the congress soon enough.Also speaking as
this is written is (“we’re not printing money”) Fed Chair Ben Bernanke who is
pitching the validity of QEternity at the University of Michigan. Most
questions were just soft balls but he did echo Obama’s earlier comments that
the congress needs to approve an increase in the debt ceiling. So, once
again a short commentary is in order. Bulls seem to have markets
well-maintained even one would argue “levitating” on light volume. This is a
rather dangerous condition as markets try to take out mid-September 2012
highs.The trouble with markets Monday surrounded tech (QQQ) and heavyweight
Apple (AAPL) where a report of weak material order volume may mean iPhone sales
are in decline. The dollar (UUP) was weaker once again while gold (GLD) only
was modestly higher. With bank (KBE) and financial (XLF) earnings near there is
tension before these earnings are announced. Commodities (DBC) were marginally
higher led by grains (JJG) and oil (USO) while base metals (DBB) were lower.
Even as stocks struggled for direction, bonds (TLT) did as well.Volume remains
well below even recent low averages of 145M shares for SPY for example. Breadth
per the WSJ was mixed.This light volume is due to the upcoming week’s data. So since
markets are mostly quiet so too will be this commentary…’
http://albertpeia.com/failurespeckingorder.htm
http://endoftheamericandream.com
http://albertpeia.com/deathofamericanworker.htm
January 13, 2013 http://gainspainscapital.com
http://albertpeia.com/2biggestproblemsinfinancialsystemhitin2013.htm
Submitted by Tyler
Durden on 01/14/2013
In what could be a watershed moment for
the price, provenance, and future of physical gold, not to mention the
"stability" of the entire monetary regime based on rock solid,
undisputed "faith and credit" in paper money, German
Handelsblatt reports in an exclusive that the long suffering German gold, all official 3,396 tons of
it, is about to be moved. Specifically, it is about to be partially moved out
of the New York Fed, where the majority, or 45% of it is currently stored, as
well as the entirety of the 11% of German gold held with the Banque de France,
and repatriated back home to Buba in Frankfurt, where just 31% of it is held as
of this moment. And while it is one thing for a " crazy, lunatic " dictator
such as Hugo Chavez to pull his gold out of the Bank of England, it is
something entirely different, and far less dismissible, when the bank with the
second most official gold reserves in the world proceeds to formally pull some of its gold from the
bank with the most. In brief: this
is a momentous development, one which may signify that the regime of mutual
assured and very much telegraphed - because if the central banks don't
have faith in one another, why should anyone else? - trust in central banks by other central banks is ending .
Submitted by Tyler
Durden on 01/14/2013
How effective have the sanctions been in
moderating Iran’s behavior up to now? Current indications are not much, despite
the damage inflicted on the country’s economy. On 9 January Iranian President
Mahmoud Ahmadinejad said that Iran should establish more processing industries in
the oil and gas sectors to reduce dependency on exports of crude oil and that
the budget plan for the next Iranian year of 1392 (to start on 21 March)
envisaged less dependence on crude oil revenues as the government intends to
replace crude oil exports with oil derivatives to allow the nation’s economy to
participate in the oil sector’s lucrative downstream industry.... A regime that
has weathered more than three decades of tumult in its efforts to construct an
Islamic society seems unlikely in an energy-starved world to ameliorate its
behavior solely to please the dictates of Washington, Brussels, the UN and
Canberra. And oh, on 14 September 2012 the United States exempted Belgium,
Britain, the Czech Republic, France, Germany, Greece, Italy, the Netherlands,
Poland, Spain, and Japan from complying with the sanctions for another 180
days, a list that was expanded on 8 December to include China, India, South
Korea, Malaysia, Singapore, South Africa, Sri Lanka, Turkey, and Taiwan.
Submitted by Tyler
Durden on 01/14/2013
In the aftermath of the Chairman's
painful waste of time "interactive" session, which addressed
precisely zero of the relevant questions, we would like to ground readers with
a real, hard, monetary equivalent, which unlike paper money, has retained its
worth over the past 2000 years, and one which no central planning committee can
create out of thin air at will. Gold. The chart below should put it all into
perspective.
Submitted by Tyler
Durden on 01/14/2013
Following up on today's relentless debt
ceiling propaganda, which started with the Politico report that more than half
of republicans are willing to push the US into a "temporary" default,
going through Obama's " We
are not a deadbeat nation ", but one whose president
apparently will not debate the debt ceiling ( the same president who as a
Senator was against rising the debt ceiling ) and closing with Boehner's
rebuttal to Obama, saying the GOP would raise the debt ceiling but in exchange
for spending cuts, sure enough it was time to unleash the Treasury Secretary in
his last days on the job, toting the party line ("extending borrowing
authority does not increase government spending; it simply allows the Treasury
to pay for expenditures Congress has previously approved") making it
"abundantly clear" that "Even a temporary default with a brief
interruption in payments that Congress subsequently restores would be terribly
damaging, calling into question the willingness of Congress to uphold America’s
longstanding commitment to meet the obligations of the nation in full and on
time. It should also be noted that default would increase our borrowing
costs and damage economic growth and therefore add to future budget deficits,
not decrease them." The unleashed Geithner then proceeds to threaten:
"Threatening to undermine our creditworthiness is no less irresponsible
than threatening to undermine the rule of law, and no more legitimate than any
other common demand for ransom." Finally, Geithner also made it clear that
the CNBC "RISE ABOVE THE DEBT CEILING" campaign is now at T-30 to
T-45: "Treasury currently expects to exhaust these extraordinary measures
between mid-February and early March of this year" which however should
not be news to anyone.
Submitted by Tyler
Durden on 01/14/2013
Just like Friday, there was virtually
nothing notable to speak of in today's trading. The one catalyst that pushed
stocks higher: all stocks , not just the one that may or may not
be in play, was the DELL LBO rumor, that prevented the DJIA from going red on
the day and pushed the 30 stock average well above the red, even if the
S&P500 was not quite so lucky. As for what really mattered today, it is
summarized in two words: "AAPL" and "$500." After breaching
$500 briefly in the early trading session, the end of trading saw a concerted
selling effort in the one stock most heavily owned by the hedge fund community,
yet no matter how close it got to breaching $500, and sending the company into
who knows what stop loss tailspin, someone kept buying just above $500
thereby preventing the uber levered hedge funds from having to start
liquidating holdings to meet margin calls.
Submitted by Tyler
Durden on 01/14/2013
Today at 4pm Eastern, Ben Bernanke, at
the University of Michigan’s Ford School of Public Policy, will take live
questions from Twitter for the first time as part of the Fed's new policy of
openness. Of course, the policy won't be so open for him to answer if banks are
actually using reserves as prop trading funding (as was the case with JP
Morgan, and any other bank which realizes that when it comes to fungible cash,
money is just 1s and 0s in a server somewhere). However, the filter may slip
and at least one or two good questions may slip through. So please take this
opportunity to submit any pressing questions you may have on the Fed's policy
to pump the market to new stratospheric highs courtesy of $85 billion (for now)
in monthly reserve injections into the Primary Dealers, by using the #fordschoolbernanke tag to your
questions. For convenience, we have appended a twitter module below that
captures all tweets with that querry.
Submitted by Tyler
Durden on 01/14/2013
At precisely 14:04:08 a flashing red
Bloomberg headline hit that "DELL IS SAID TO BE IN TALKS TO GO
PRIVATE." Moments later the stock slammed higher by 10% triggering a
circuit breaker. Whether or not there is an actual deal behind this is unknown:
considering the "two sources" used by Bloomberg gave virtually no
details on who the buyers are, or what the vision for the pro forma private
company will be, we are inclined to assume this is nothing but a big, and
successful, fishing expedition by a party that sought to make a quick buck.
What we do know, is something completely unrelated. Courtesy of Nanex, who have
broken down the trades from the pre-headline prices of $10.90 to the halt price
of just under $12.00, it appears that today's robotic algo brains take no more and no less than 4 seconds to fully process
flashing red headlines . This is how long it took to send the
stock in a straight line from the bottom of the range to the top, because all
along the ride there were offers, until finally the offer stack was exhausted
at the circuit breaker price. To anyone who blinked and missed the move:
condolences - just get a collocated algo and any future LBO announcements -
real or fake - will be far more lucrative courtesy of an electronic trigger
finger located right on the exchange.
Submitted by Tyler
Durden on 01/14/2013
Moments ago Bloomberg broke news that
$19 billion market cap Dell may be in talks to go public. The result was a 10%
surge in the stock that halted the stock as a circuit was triggered. Of course,
there was a headline caveat that "LBO TALKS MAY NOT LEAD TO A DEAL."
Which is not improbable: at $19 billion market cap, the equity check would be
substantial for any consortium of buyers, not to mention the debt. Then again
this must be the New Normal LBO announcement, where PE firms "leak"
news of a going private deal just so they get to pay an even higher 20%
premium to a closing stock price. But the truly hilarious part is
that the entire multi-trillion
market jumped as if stung following the news. And that is what passes
for efficient markets these days. Unless, of course, the "here come the
LBOs" thesis is now in play.
Submitted by Tyler
Durden on 01/14/2013
Whooooooooosh!
Submitted by Tyler
Durden on 01/14/2013
Tens of thousands of trees have
disappeared from parks and woodlands this winter across Greece, authorities
said, in a worsening problem that has had tragic consequences as the crisis-hit
country’s impoverished residents, too broke to pay for electricity or fuel,
turn to fireplaces and wood stoves for heat. Such woodcutting was last common
in Greece during Germany’s brutal occupation in the 1940s , underscoring
how five years of recession and waves of austerity measures have spawned
drastic measures. “The average Greek will throw anything into the fireplace
that can be burned, ranging from old furniture with lacquer, to old books with
ink, in order to get warm,” said Stefanos Sapatakis, an environmental-health
officer at the Hellenic Center for Disease Control and Prevention.
Submitted by Tyler
Durden on 01/14/2013
The punchlines: "...the issue here
is whether or not America pays its bills. We are not a deadbeat nation ... And if the
Republicans in Congress have made a decision that they want to shut down the
government in order to get their way, then they have the votes, at least in the
House of Representatives, probably to do that.... So we've got to pay our
bills. And Republicans in Congress have two choices here. They can act
responsibly, and pay America's bills, or they can act irresponsibly and put
America through another economic crisis. But they will not collect a ransom in
exchange for not crashing the American economy ... We've got to stop lurching
from crisis to crisis to crisis when there's this clear path ahead of us that
simply requires some discipline, some responsibility, and some compromise.
That's where we need to go. That's how this needs to work.".... Yet
should the "worst" (i.e. living within its means) happen to the US,
then "Social Security checks, and veterans benefits will be delayed. We
might not be able to pay our troops, or honor our contracts with small business
owners. Food inspectors, air traffic controllers, specialist who track down
loose nuclear materials wouldn't get their paychecks. Investors around the
world will ask if the United States of America is in fact a safe bet. Markets could go haywire, interest rates would spike for
anybody who borrows money. Every homeowner with a mortgage, every student with
a college loan, every small business owner who wants to grow and hire .... As the speaker said two years ago, it would be, and I'm
quoting Speaker Boehner now, "a financial disaster, not only for us, but
for the worldwide economy." "
Still think " we are not a
deadbeat nation "?
Submitted by Tyler
Durden on 01/14/2013
“ The American people do not support raising the debt ceiling without
reducing government spending at the same time. The
consequences of failing to increase the debt ceiling are real, but so too are
the consequences of allowing our spending problem to go unresolved. Without
meaningful action, the debt will continue to act as an anchor on our economy,
costing American jobs and endangering our children's future. The House will do
its job and pass responsible legislation that controls spending, meets our
nation's obligations and keeps the government running, and we will insist that
the Democratic majority in Washington do the same.”
Submitted by Tyler
Durden on 01/14/2013
Nobody tell JPM's Tom Lee that JPM just
fired 529 bankers from its Brooklyn-based Mortgage Bank ("independent
foreclosure review" division) for " economic reasons. " He might
have some trouble reconciling it with his view on both the market and the
economy which sees nothing but smooth sailing ahead. More to the point, with
this mass layoff in the foreclosure review group, does this mean that JPM
will simpy proceed with debt forgiveness for those millions who have been in
foreclosure for about 3 years on average in New York state, and during which
time they have not made one mortgage payment?
Submitted by Tyler
Durden on 01/14/2013
Curious why the teleprompter will grace
the president, and the US public, with its presence in a few short minutes?
Politico explains :
"President Obama will hold a news conference at 11:30 a.m. Monday in the
East Room, the White House announced. It will be the final one of his first
term. Deputy Press Secretary Josh Earnest said he will discuss the need for
Congress to raise the debt ceiling?" Shot every time Obama says "not
negotiate", "cut spending", "raise taxes", and
"fair." Drink everything, including from the deodorant bottle, if he
or a member of the press mentions " trillion dollar coin " or, even
better, " build the death star. "
Submitted by Tyler
Durden on 01/14/2013
In the last days of 2012 we penned an
article describing the current situation of the market as follows: " Margin
Debt Soars To 2008 Levels As Everyone Is "All In", Levered, And
Selling Vol ." Today, Bloomberg
catches up with this rather critical topic, and confirms that the buying power of
the biggest marginal traders left in the market who do not recycled deposits
into stocks - hedge funds - is nothing more than debt piled upon debt, as
" Leverage among managers
who speculate on rising and falling shares climbed to the highest level to
start any year since at least 2004 , according to data compiled by
Morgan Stanley." BBG also recaps what our readers already know:
"Margin debt at NYSE firms rose in November to the most since February
2008, data from NYSE Euronext show." In other words: everyone is all
in and levered . And soon, in about two weeks, Bloomberg will figure out
that everyone, or at least a central bank here or there, is, indeed, " selling
vol ."
Submitted by Tyler
Durden on 01/14/2013
The week ahead will deliver important
data from the US and China. In the US, the focus will be on retail sales and
housing starts, as well as on the Philadelphia Fed and U. Michigan Consumer
Sentiment surveys. Turning to China, the consensus forecast for China Q4 GDP is
7.8%yoy, while secondary data will come from the country's IP and FAI data
updates.
Submitted by RANSquawk
Video on 01/14/2013
Submitted by Tyler
Durden on 01/14/2013
Guess who
doesn't believe in the " great rotation out of bonds and into
stocks" : Abe Aids Bernanke as Japan Seen Buying Foreign Debt ( BBG )
AIG Sues
Federal Reserve Vehicle in Dispute Over Lawsuit Rights ( WSJ )
JPMorgan Said
to Weigh Disclosing Whale Report Faulting Dimon ( BBG )
Ugly Choices
Loom Over Debt Clash ( WSJ )
Credit Suisse
to cut bonus pool by 20 percent ( Reuters )
Brazilian
Bikini Waxes Make Crab Lice Endangered Species ( BBG )
EU redrafts
plan for bank rescue funding ( FT )
JCPenney stock
plunges after bad holiday ( NY
Post )
Regulator
Comments Buoy Shanghai Stocks ( WSJ )
Japan voters
back PM Abe's efforts to spur growth, beat deflation ( Reuters )
Cameron averts
row over Europe speech ( FT )
Swatch Buys
Harry Winston Jewelry Brand for $1 Billion ( BBG )
1-11-13 Dave’s Daily: http://www.etfdigest.com ‘ SOME PERCEPTIBLE MARKET FATIGUE 1-11-13 This has been a light volume
market week even as bulls have been able to sustain things overall. It didn’t
hurt another $5.5
billion in POMO from the Fed propped things
for bulls. In China food inflation is taking a toll and unlike the
U.S., China actually includes food in their inflation data (silly them, eh?)
Inflation was the highest in 7 months. Domestic stock indexes like the Shanghai
CSI 300 Index dropped nearly 2% on fears of government tightening. Like a
tsunami this negatively affected most Asian markets especially a high beta
affair like high-flyer Vietnam (VNM). U.S. stock
sectors did seem disorderly as Biotech’s (IBB) fell, banks were weak (KBE) as
we await earnings, gold (GLD) weakened even as the dollar (UUP) fell sharply,
bonds (TLT) were higher in price and commodities (DBC) were weaker even as
grains (JJG) rallied sharply on crop data. All things considered markets look
tired on weak volume. The Investment Company Institute (ICI) reports 18% of
Mutual Fund assets were in money market funds. Cash on the sidelines? No doubt,
but so is trust. The lack of trust in all things equity
is reflected in weak volume which is down roughly double digits in percent
terms since early 2012. And with so many HFTs and algo trading programs
operating these may account for much more than the 70% previously. Volume Friday was once again ultra-light. Gone are the days of bullish, or
even normal trading volume at over 150M-185M shares in SPY for example. Breadth
per the WSJ was mixed. { Interestingly
(or not), I recently had occasion to tune in a daily ‘wall street/business’
oriented show which features succinctly in a small amount of time salient
financial stats, numbers and commentary from ‘professionals’ from the street,
ie., analysts, brokers, economists, ceo’s, etc.. In high school, I recall as
part of a social studies course a ‘mock stock market’ scenario where we picked
actual stocks from, ie., wall street journal, and gave reasons for so doing. I
recall one kid who picked a ‘ski/winter sport’ retailer because we were in the
winter and such was the time that such things are bought. Wow! There seemed to
be such a simple, compelling, surface logic to same (I don’t even recall what I
picked, so meaningless it was – such
recurring things as, ie., seasons, etc., are discounted well in advance –
though I was to pick oils for analysis in my later NYU MBA Finance, 1977,
securities course which I do remember). Unfortunately, such seasonality is all
but baked into stock prices with minor adjustments for ie., seasonal anomalies.
Yet, on this show featuring a professional wallstreet ‘trader/analyst’, this
seasoned wall street professional offered a similar seasonal reason for
buying/being in a group of stocks (outside-of-home exercise/fitness gyms,
programs, etc., because of new year’s resolutions to get in shape) for the next
few winter months (personally I’m a big fan of such things and would tout
Walmart for the ‘home’ as well as just about any other thing one wishes to buy
with value, quality, and price in mind). I was absolutely astounded that this
‘churn and earn oriented’ wall street professional said it with a straight
face. Yet, that’s exactly what wall street’s become; viz., a few relatively
meaningless sound bites/rumors, some true, some not, for the algo-driven
computerized churn and earn. Wall Street’s really become a huge nation-draining
scam, particularly with the huge outright frauds still extant, marked to
anything as per legislated FASB rule change, and unprosecuted. Yet, people
wonder about/why america’s precipitous decline and fall. }
http://theeconomiccollapseblog.com
http://albertpeia.com/fedgovhandouts.htm
January 11, 2013 http://gainspainscapital.com
http://albertpeia.com/criticalchinaissue.htm
Submitted by Tyler
Durden on 01/11/2013
In the past few weeks there has been a
veritable explosion of White House petitions ranging from the bizarre to the
surreal to the outright absurd, including such demands as Texas (and other
southern states) seceding, deporting Piers Morgan, not deporting Piers Morgan,
creating a Joe Biden sitcom, and even making a total mockery out of the US, and
global, monetary system and evading the debt ceiling using a cheap, platinum coin-based
parlor trick. All of these are, for lack of a better word, a la carte distractions
launched by bored American citizens, meant to evade the menial drudgery of
everyday life, and, generally, reality. In short: entertainment . And, logically, virtually none
have so far contained actual, actionable provisions, that stood to benefit all
Americans, instead of just one half of the ideological or party split. At least
not until a new petition appeared two days ago, one demanding that the
administration do something that has never been done on the public record: perform an assayed public audit of all the 8,100 tons of
gold owned by the US Treasury . And not just any audit, but one
including "professional auditors outside of the Mint, Treasury, GAO,
Inspector General and Federal Reserve system."
Submitted by Tyler
Durden on 01/11/2013
"So this is what it looks like when
a society is starting to collapse," the man standing behind the counter at
the hardware store said matter-of-factly. The remark had been directed at no
one in particular, but generally at anyone standing nearby. As I was among that
audience, I looked at him inquisitively, eliciting in return a look indicating
that his observation should be intuitively obvious to even the casual observer.
" We should not be this
busy," he continued. "People are normally out Christmas shopping for
the latest tech gadgets for their kids, but instead they are spending their
hard-earned money here ." I had to agree with his
observation, because the place was packed, and it was obvious that his
inventory was disappearing from the glass showcases and from the wall behind
the counter quicker than the store could replenish it.
Submitted by Tyler
Durden on 01/11/2013
To all Americans in their twenties,
thirties, forties, or even fifties, naively looking forward to their
retirement, we have two words: " good luck."
Submitted by Tyler
Durden on 01/11/2013
Between 30 and 50 percent of all food
produced globally, equivalent to two billion tons, is thrown away each year
according to a recent report written by the UK-based Institution of Mechanical
Engineers (IME), titled ‘ Global
Food; Waste Not, Want Not ’. The Guardian states that overly-cautious sell by
dates, buy one get one free deals, and an obsession with only consuming fruit
and vegetables that look perfect are some of the main reasons for this colossal
waste of, not only food, but also the water, energy, and arable land used in
the creation of the food.
Submitted by Tyler
Durden on 01/11/2013
Instead of a full recap of the market
today, which did nothing all day on the lowest NYSE volume day of the year, we
will present just one chart to show how it is that once again the market got
its nearly miraculous green close and last hour ramp to avoid a red close for
the day, and possibly week. The chart is, as has been so very often the case
recently, that of the spot VIX, where the now usual gimmick of dumping oodles
of VIX futures served to do one thing only: bang the close (a technical
term , one which used to be illegal)
so hard that the market's algos took the reflexivity signal implied by the
evaporation in volatility as an all clear signal and bought risk in what is
becoming an expected daily occurrence. And while the spot slid to close at
13.36, the lowest closing print since June 19, 2007, it was the dump in the
last 25 seconds of trading that just had to be seen to be believed. Luckily, it
can be seen below on the Bloomberg QR page showing it taking a step move lower
from 13.38 to 13.22 at 15:59:35, before "recovering" to 13.38 just
after the close.
Submitted by Tyler
Durden on 01/11/2013
Almost a year ago, we
identified what the main stumbling block facing US (and global)
corporations is in the New Normal ZIRP regime: namely corporate cash
mismanagement, capital misallocation, and a serious lack of CapEx spending
which leads to lack of revenue growth, secular declines in profits, further
layoffs, and a broad contraction in corporate returns ( absent the
endless deus ex which is central-bank assisted multiple expansion) . We also
identified what in our view was the primary reason for this misallocation,
which said simply, is the Fed's monetary policy which forces corporate
executives to focus on short-term gratification of shareholders via prompt
return of cash instead of reinvestment into the business - a critical
requirement to assure top-line stability and growth. Today, we were happy to
see that the issue of the disappearing CapEx -both in the US and globally - is
the main topic of an analytical piece from UBS titled, simply enough, " Will capex come back? " And
while we disagree with UBS, who has a more optimistic conclusion than ours,
which we believe is a function of incorrectly identifying the reason for
plunging CapEx, we are happy that more and more strategists have narrowed down
what is without doubt the main hurdle to promoting a true, sustainable
corporate recovery, instead of one where the only EPS beats are driven from
one-time restructuring charges (which are now recurring on a quarterly basis), non-cash
items, and most of all, even more layoffs of workers: something which in turn
continues to eat away at the heart of any given economy, forcing even more
monetary intervention, and even more CapEx spending cuts.
Submitted by Tyler
Durden on 01/11/2013
We were surprised to learn that
according to at least one model created by Goldman, the total consumption hit
for all of 2013 (not just H1), may well be higher than what most people assume
(roughly 1.5%). In fact, as Goldman shows, based on a model conceived by
Christina and David Romer, it is possible that US GDP growth in the second half
is slashed by an additional 2-2.5%, something which very likely will tip the
country into recession as the combined impact over the entire year could be as high
as 3.5%, eliminating even the most optimistic forecasts for organic growth in
the US for the new year. But it gets worse. As Goldman observes, "b ased on our reading of the debate in Washington, we have
become more concerned about our assumption that the automatic spending cuts (or
"sequester") will be delayed into 2014. If the
sequester takes effect as scheduled from March 1, this would present an
additional downside risk to our
growth forecast in the later part of the year. " So the
worst case scenario for GDP growth from tax hikes alone is already 3.5%, and
one may have to add to that another several percent in GDP reduction from an
spending cuts, which might well lead to a
4-5% GDP drop in 2013 in the worst case , a case determined solely by the
dysfunction in Washington.
Submitted by Tyler
Durden on 01/11/2013
The flu will come and go, but another,
far more troubling epidemic appears to have gripped New York: one which, in a
post Sandy Hook world, probably needs as much discussion as tragic mass murders
conducted by deranged lone gunmen, especially since absolutely nobody appears
to be addressing this particular issue. Why? Because, frankly we think the two
kinds of tragedies are very intimately connected.
Submitted by RANSquawk
Video on 01/11/2013
Submitted by Tyler
Durden on 01/11/2013
Previously, in our first two editions of
FleeceBook, we focused on "public servants" working for either the Bank
of International Settlements , or the Bank
of England (doing all they can to generate returns for private
shareholders, especially those of financial firms). Today, for a change, we
shift to the private sector, and specifically a bank situated at the nexus of
public and private finance: JP Morgan, which courtesy of its monopolist
position at the apex of the Shadow Banking's critical Tri-Party
Repo system (consisting of The New York Fed, The Bank of New York,
and JP Morgan, of course) has an unparalleled reach (and domination - much to
Lehman Brother's humiliation ) into not only
traditional bank funding conduits, but "shadow" as well. And of all
this bank's employees, by far the most interesting, unassuming and
"underappreciated" is neither its CEO Jamie Dimon, nor the head of
JPM's global commodities group (and individual responsible for conceiving of
the Credit Default Swap product) Blythe Masters, but one Matt Zames .
Submitted by Tyler
Durden on 01/11/2013
Economic weakness in November was blamed
on Hurricane Sandy. Economic weakness in December was blamed on the Fiscal
Cliff. Now, we know what economic weakness in January will be blamed on: the flu . And, as the old saying goes: "Flu
got you down? Take two QEs and see the chairman in the morning."
Submitted by Tyler
Durden on 01/11/2013
Look forward to hope being forced to
surge even more to offset for
this cut by nearly 50% ot the consensus Q4 GDP estimate of 1.5% prior to today.
And while we wait for Bloomberg to compile today's massive downward revision to
economic growth, this is how Q4 GDP tracking estimates looked like in the past
6 months before today's downward revision which will take the consensus line to
1% or under.
Submitted by Tyler
Durden on 01/11/2013
Because there are still some traders who
adhere to such old normal traditions as charting and technical
analysis (because apparently the FOMC committee sits down each month and
observes Ichimoku clouds, RSI indicators and Bollinger bands), it is probably
notable that one of the most respected chartists, Steve Cohen's favorite
technician Tom DeMark, is now uniformly bearish on virtually all markets around
the world which have triggered a sell signal in his studies, and is about to
drop the axe on the US as well where a "Daily 13" signal is imminent.
The caveat, of course, is that in a world in which fundamentals haven't
mattered in years, why should technicals?
Submitted by Tyler
Durden on 01/11/2013 WSJ picks up on excess "deposits
over loans" theme , reaches wrong conclusion: Wads of Cash
Squeeze Bank Margins ( WSJ )
SAC Is Bracing
for Big Exodus of Funds ( WSJ )
Japan unveils
Y10.3tn stimulus package ( FT )
China’s
Inflation Accelerates as Chill Boosts Food Prices ( BBG )
Berlusconi
Denies Responsibility for Italy Crisis ( BBG )
Fed hawks worry
about threat of inflation ( Reuters )
And then the
lunatics: Fed easing may not be aggressive enough: Kocherlakota ( Reuters )
BOJ Likely to
Take Easing Steps ( WSJ )
Draghi Shifts
Crisis Gear as ECB Focuses on Economy Inbox ( BBG )
Argentina
Bondholders Lose Bid to Get State-Court Review ( BBG )
Regulators Find
Major Euribor Shortcomings ( WSJ )
Basel III
Punishes Dutch Over Risk That Isn’t ( BBG )
Bondholders in
Crosshairs as Merkel Travels to Cyprus ( BBG )
Submitted by RANSquawk
Video on 01/11/2013
JPMorgan
Chase: Bank Faces Major Regulatory Action
CBS | Cease and
desist order is the harshest form of enforcement action that the OCC can issue.
Wall
Street ends flat as rally slows, earnings eyed
Leah Schnurr | Rally has
slowed in the last few days.
The
Federal Government Hands Out Money To 128 Million Americans Every Month
Economic
Collapse | The number of Americans receiving money directly from the federal
government has grown from 94 million in the year 2000 to over 128 million
today.
Braces
for the Kids Just Got More Expensive: Obamacare Tax Hike Case Study
ATR.org
| In 2013, the tax increases in Obamacare will increasingly conspire against
kitchen-table family healthcare decisions.
USA 10th
For Global Economic Freedom In 2013
Zero
Hedge | When institutions protect the liberty of individuals, greater
prosperity results for all.
The
Federal Government Hands Out Money To 128 Million Americans Every Month
Economic
Collapse | The number of Americans receiving money directly from the federal
government has grown from 94 million in the year 2000 to over 128 million
today.
Chart
Of The Day: Chinese November Gold Imports Soar To 91 Tons; 2012 Total 720 Tons
Zero
Hedge | Regular readers are familiar with our monthly series showing the
inexorable surge in Chinese gold imports.
1-10-13 Dave’s Daily: http://www.etfdigest.com ‘THE MARKET MELT-UP RESUMES 1-10-13
Earnings news is at hand. The most
watched will be financials (XLF) and Banks (KBE) which will get it going in
major way mid-week next. If there has been some hesitancy which has been
reflected in ultra-light volume it’s due to uncertainty in these sectors
specifically. Analysts have been downgrading bank earnings forecasts but some
expect disappointments while others assume beats and better guidance.We can
only follow the system we trade which has had us long but the light volume is
disturbing. Let’s remember that liquidity
from the Fed is still raining down on trading
desks and markets.Jobless Claims were higher (371K vs 362K expected & prior
revised lower—for the first time in a year—to 367K from 372K). Wholesale
Inventories were higher (.6% vs .3% expected & prior .6%). Friday there
will be more trade data then next week will feature more impressive economic
data.The president nominated Jack Lew (signature above) to be Treasury
Secretary and perhaps he has a better skill set when working with TurboTax than
Timmy.Overseas ECB head Mario Draghi made no changes to interest rate policies
which strengthened the euro (FXE). Further he stated that he saw no
“exuberance” (interesting choice of words) in eurozone financial markets. That
put a bid under eurozone stocks (IEV) and (EFA) for example. The dollar (UUP)
was weaker and gold (GLD) rallied more sharply than recently. Commodities (DBC)
also pressed ahead with the weaker dollar and some sense that economic growth
globally will be better. Bonds (IEF) we modestly lower.U.S. stocks were higher
for the second day with financials once again returning to prominence while
long suffering gold miners (GDX) rallied. Tech, positive early, saw a 2:15 PM
Buy Program Express as Apple (AAPL) rallied off its lows. One reason not to
trust WSJ analysts is how weird their forecasts can be. A Piper Jaffrey analyst
on Thursday reduced his price target for Apple from $900 to $850. I guess we’ll
have to Rip Van Winkle it for a while. Of course the worst thing that happens
for investors with analysts is when they recommend a stock you buy then leave
their firm. When the stock recommended falters the company then just says: “We
don’t cover that company any longer.” Worthless, eh?Some investors could give a
rip about volume but light volume troubles me just as much on rallies as on
declines. And volume Thursday was again unremarkable. Breadth per the WSJ was
quite positive…’
January 10, 2013 http://gainspainscapital.com
http://albertpeia.com/usdefault.htm
http://thetruthwins.com [ Drudgreport: Kirchner
attacks Falkland Islands 'invaders'... Invaders indeed! Time to call british spades, spades! We fought a
revolution after so doing! } ]
http://albertpeia.com/piersmorganlyingaboutguncontrol.htm
Submitted by Tyler
Durden on 01/10/2013
"Ever heard of SB3341? " is Rick Santelli's opening salvo
in today's rantless discussion of the concerns he has with Illinois' 'Precious
Metal Purchasing Act'. While passed in the Illinois Senate last year, and
moth-balled in the House since, Rick notes that "the long
and short of it is is they want an audit trail to any precious metals, whether
you're talking coins or bullion." It does not seem too much of a
stretch to this Chicagoan to the 1933 Executive Order #6102 that
confiscated gold and cleared the way eventually for Nixon's 1971 disconnect of
the dollar from gold. As Liberty
Blitzkrieg's Mike Krieger notes: "So let me get this straight. First they want gun registration and now precious metal
registration? I’m sure the government would only use such
information in our best interests, because as we all know: Your Government
Loves You. Sounds reasonable, after
all, only 'terrorists' buy guns and gold anyway ."
Submitted by Tyler
Durden on 01/10/2013
When institutions protect the liberty of
individuals, greater prosperity results for all. Economist Adam Smith formed
this theory in his influential work, The Wealth of Nations, in 1776. In 2013, his
theory is measured by the Index of Economic Freedom. The world average score of
59.6 was only one-tenth of a point above the 2012 average. Since reaching a global peak in 2008 , the WSJ and Heritage note , economic freedom has continued to stagnate . From
North Korea (the least 'free') to Hong Kong (the most 'free') the following
heatmaps break down the 177 countries covered across 10 specific categories. The world’s
most-improved country is Georgia, and the country that saw the biggest decline was Belize (we blame
McAfee). The United States, with an economic freedom score of 76,
registered a loss of economic freedom for the fifth consecutive year , and its
lowest score since 2000. Its score is 0.3 point lower than last year, with
declines in monetary freedom, business freedom, labor freedom, and fiscal
freedom.
Submitted by Tyler
Durden on 01/10/2013
In the chart below, the blue bar is Toys
'R' Us retail sales for 2011. Red is 2012. Hence our confusion: just which is
this "blockbuster" retail season CNBC's Bob Pisani keeps referring to
- the blue or the red?
Submitted by Tyler
Durden on 01/10/2013
When people talk about " cash in the
bank ", or " money on the sidelines ", the conventional wisdom
reverts to an image of inert capital, used by banks to fund loans (as has been
the case under fractional reserve banking since time immemorial) sitting in a
bank vault or numbered account either physically or electronically, and
collecting interest, well, collecting interest in the Old Normal (not the New
ZIRPy one, where instead of discussing why it is not collecting interest the progressive
intelligentsia would rather debate such trolling idiocies as trillion dollar
coins, quadrillion euro Swiss cheeses, and quintillion yen tuna). There is one
problem, however, with this conventional wisdom: it is dead wrong . Tracking deposit flow data
is so critical, as it provides hints of major inflection points, such as when there
is a massive build up of deposits via reserves (either real, from saving
clients, or synthetic, via the reserve pathway) which can then be used as
investments in the market. And of all major inflection points, perhaps none is
more critical than the just released data from today's H.6 statement , which showed
that in the trailing 4 week period ended December 31, a record $220 billion was put into savings accounts (obviously a
blatant misnomer in a time when there is no interest available on any savings).
This is the biggest 4-week total amount injected into US savings accounts ever , greater than in the aftermath of
Lehman, greater than during the first debt ceiling crisis, greater than any
other time in US history.
Submitted by Tyler
Durden on 01/10/2013
Jim Grant spends exactly the correct amount of time (zero) discussing the
"urban myth' of the trillion dollar coin in this brief interview on CNBC ; instead
deciding to try and strike up some intelligent understanding of the dire
situation we face. By providing context for our massive 16 trillion dollar debt
(360 million pounds of $100 bills), and explaining how exponential the idiocy
has become, Grant brings us full circle as he explains to the money-honey that
once upon a time our debt was backed by gold, and "there was only so much
gold and so many dollars," thus limiting our exuberance, but " now we have neither the gold covering the dollar nor do
we have interest rates constraining us [thanks to Bernanke et al.]; the only
thing remaining to constrain us is some sort of civil discussion, a numerate
discussion about the debt ," which it appears the
bespectacled and bow-tie-bound bond brain-box hopes is possible. "The debt
has increased twice as fast as federal receipts," he warns, adding
correctly that "the United
States is truly submerging ."
Submitted by Tyler
Durden on 01/10/2013
Mercantilist trade policies have returned in a big, big way. States
around the world including in the West, and especially America, have massively adopted corporatist domestic policies, even
while spouting the rhetoric of free trade and economic liberalism publicly . A key
difference between a free market economy, and a corporatist command economy
is the misallocation of capital by the central planning process. While
mercantile economies can be hugely productive, the historic tendency in the
long run has been toward the command economies — which allocate capital based on the preferences of the central
planner . This means that the competition is now over who can run
the most successful corporatist-mercantilist system. This is the worst of both worlds for America . All of the
disadvantages of mercantilism — the rent-seeking corporate-industrial complex,
the misallocation of capital through central planning, the fragility of a centralised
system — without the advantage of a strong domestic productive base.
Submitted by Tyler
Durden on 01/10/2013
On December 20, when we
posted on the miraculous surge in the Philly Fed, offsetting the far weaker NY
Fed data, we were left scratching our heads as the upwardly inflecting data
made little sense in the context of broader data. To
wit : "Three days ago the New York Fed released the December print Empire
State index which showed a broad contraction across all key verticals. Today,
in fine "keeping them baffled with bullshit" form, the Philly Fed
swing precisely the other way, and despite expectations for a second
consecutive negative print of -3 to be precise, up from -10.7 last month, the
General Business Activity indicator printed at 8.1, the highest print since
April, with New Orders at 10.7, the highest since February, and Employment at 3.6,
the highest since April. Naturally,
the algos pretending to trade on news, took this news and ran futures higher ..." We
also added, rather providently, " Needless to say, all economic data in the US at this point is completely
meaningless, with regional distortions, seasonal adjustments, political
pressures and overall central planning making a mockery of the US economic data
apparatus ." Today, 20 days after the data release, we get the
explanation for this very surprising jump, which naturally put the algos in a
buying tizzy and sent the market higher by 1% (before it flash crashed late in
the night) on the date of its release, as well as the latest validation of our
skepticism, courtesy of the Philly
Fed annual data revision . So how does December looks like pre and post-revision?
Well, it is self-explanatory: look at the chart and decide for yourselves - blue is original , red is revised .
Submitted by Tyler
Durden on 01/10/2013
The credit markets this week already
look very different to how they ended last year. As BofAML's Barnaby Martin
notes, beta-compression, flatter curves and credit outperformance versus equity
have all been abundant themes of late. Relative value is still there, when one
looks closely, but is unfortunately not what it used to be. He adds that "things in credit have started to feel a lot like
2007 again," and while he believes the trend is set to continue
(though slower) and the liquidity-flooded fundamentals in the high-yield bond
market have been holding up well, it is trends in the leveraged loan
market, that continue to deteriorate, that are perhaps the only canary in the
coal-mine worth watching as global central bank liquidity merely slooshes to the
highest spread product in developed markets (until that is exhausted) . The rolling
12m bond default rate among European high-yield issuers fell to 1.8% in
December, whereas loan default rates rose to
8.5% . With leverage rising, the hope for ever more greater fools continues,
even as everyone is forced into the risky assets.
Submitted by Tyler
Durden on 01/10/2013
Initial claims came, saw and missed for the 4th week in a row, printing at
371K, on expectations of a decline from 372K to 365K. As happens at the end of
every year when employers turn on the pink sheet machine, the not seasonally
adjusted number soared from 490K to 552K in the week ending January 5, a
difference to the seasonally adjusted print of 181K. This is to be expected.
What was unexpected is that the last week print saw its first downward
adjustment in what seems years (it actually is years), with the December 29
week claims number declining from 372K to 367K, probably as a result of all the
year end guessing that goes on to assist the other guessing that goes into the
seasonal adjustment guessing. In short: everyone is guessing. States that saw a
surge in layoffs in the week ended December 29 were MI (+15K) and PA (+12K) due
to "Layoffs in the manufacturing industry", and "Layoffs
in the transportation, construction, food and beverage manufacturing, and
metals industries." Finally those claiming extended benefits plunged by
76K in the last week of 2012, putting further pressure on the strength of the
US consumer. Overall a report that confirms that 6 years after the start of the
Depression, propped by some $15 trillion in central bank reserve liquidity
injections the bulk of which has been used to prop stock markets, there is
still no actual improvement in the economy.
Submitted by Tyler
Durden on 01/10/2013
Judging by ongoing momentum moves in
various European stock and bond market indicators, one could be left with the
impression that something in the continent is actually improving.
And while hope of improvement is certainly be high, the
reality is vastly different as confirmed by the just released Greek un employment data, which saw the broad
unemployment rate soar to a fresh record high of 26.8% in October (24.1% males,
30.4% females - that's nearly one in three), up from a pre-revision 26.0% in
September, and up from 19.7% a year ago, the youth (15-24 age group)
unemployment rising again to a new all time high of 56.6% ( up
from 56.4% ), and the ratio of those employed (3.68MM) to unemployed
(1.34MM) plunging to a record low 2.75x. At this rate it may well hit 1.00x
quite soon. But even sooner, perhaps in a few months, the total number of
inactive workers (3.34MM) will surpass all those who are working. In short, the
Greek collapse is just getting worse and worse.
Submitted by Tyler
Durden on 01/10/2013 - 07:48
No change from the ECB as expected, and
despite a hint by Draghi last time that the governing council may cut rates, it
did not. The boredom continues until 8:30 am Eastern when Draghi takes the
podium and resumes his rendition of Greenspan.
Submitted by Tyler
Durden on 01/10/2013
Obama Picking
Lew for Treasury Fuels Fight on Budget ( BBG )
Deutsche Bank
Bank Made Huge Bet, and Profit, on Libor ( WSJ )
Spain Beats
Maximum Target in First 2013 Debt Sale ( BBG ) - In other
news, the social security fund is now running on negative?
"Icahn is
also believed to have taken a long position in Herbalife" ( NYPost ) - HLF +5%
premarket
Lew-for-Geithner
Switch Closes Era of Tight Fed-Treasury Ties ( BBG )
Turkey Beating
Norway as Biggest Regional Oil Driller ( BBG )
Greek State
Firms are Facing Closure ( WSJ )
Draghi Spared
as Confidence Swing Quells Rate-Cut Talk ( BBG )
China’s Yuan
Loans Trail Estimates ( BBG )
SEC enforcement
chief steps down ( WSJ )
CFPB releases
new mortgage rules in bid to reduce risky lending ( WaPo )
Japan Bond
Investors Expect Extra Sales From February ( BBG )
MF UNTOUCHABLE:
Corzine Wins Again
dailybail.com | How you like
me now…
Chief
of Staff Jacob Lew Picked for Treasury, Despite Bailout Scandal
Aaron Dykes | Lew received
bonus after bailout and played a role in betting against the housing market,
triggering subprime financial crisis.
America’s PhDs on Food
Stamps
Infowars.com | The
systematic destruction of America’s middle class.
Chart
Of The Day: Chinese November Gold Imports Soar To 91 Tons; 2012 Total 720 Tons
Zero
Hedge | Regular readers are familiar with our monthly series showing the
inexorable surge in Chinese gold imports.
IRS
Warns Employers: Do Not Try to Avoid ObamaCare Insurance Mandate
CNSNews.com
| The IRS said it would soon issue “anti-abuse rules” to discourage employers
from taking advantage of any regulatory loopholes.
Nebraska
Wendy’s franchisee slashes worker hours to sidestep ObamaCare
FoxNews.com
| A Nebraska Wendy’s franchise is slashing employee hours so the owners do not
have to pay for health benefits for their workers under ObamaCare’s
requirements.
Panic
In California As Thousands Of Food Stamps Cards Suffer Brief Outage
Zero
Hedge | This past weekend, as part of a system update to the CalWIN software of
California’s Social Services department, HP accidentally cancelled EBT cards
for some 37,000 Californians. { Yeah …
the illegal drug dealers especially were panicking! }
1-09-13 Dave’s Daily: http://www.etfdigest.com ‘NO "BIG
WEDNESDAY" FOR MARKETS 1-9-13 If I said markets stabilized you’d think me a realtor describing current
conditions. But we rallied slightly taking back some of Tuesday’s losses but
still mostly down on the week.Alcoa’s (AA) earnings report did little for the
stock’s price but the materials sector (XLB) rallied overall. Holding markets
back were financials (XLF) and banks (KBE) (BAC) as worries over forthcoming
earnings results have made investors nervous. Technology (XLK) eked-out some
gains despite ongoing selling in heavyweight Apple (AAPL) as sector rotation
remains in play while software (IGV) and internet rallied (FDN).The dollar
(UUP) was slightly higher due mostly to a decline in the yen (FXY). Gold prices
(GLD) weakened once again as did oil (USO) and commodity prices (DBC). Along
with commodity results you might check out Darin Newsom’s comments regarding the outlook for
agricultural commodities. Bonds (TLT) were slightly weaker as stocks came back
Wednesday.Overseas markets (EFA) and (EEM) for example moved along higher with
U.S. sectors as correlations remain high. There may still be some rotation back
to U.S. markets from outperforming overseas markets now the fiscal cliff has
passed.There was little economic news aside from energy inventories which were
somewhat bearish overall. More data will follow Thursday with Jobless Claims
but little else as the week evolves.Volume was absurdly light as investors are
holding their fire for more earnings news. Breadth per the WSJ was positive.
January 9, 2013
http://gainspainscapital.com
http://albertpeia.com/americadefaulting.htm
https://www.eff.org
http://albertpeia.com/eff10913.htm
Can
America Survive If Americans No Longer Agree On A Core Set Of Shared Values? { Short
answer: Beyond the propaganda, america already no longer survives as the nation
it once was and purports to be; and, the deterioration and decline of this
meaningfully lawless nation will continue. UNTOUCHABLE:
MF GLOBAL judge nixes group's bid to depose Corzine... [ Pervasively
corrupt, defacto bankrupt in every way, fallen america is so far gone they no
longer even bother with pretense! ] CONGRESSMAN
FLOODED WITH CALLS ON GUN CONTROL: 9-TO-1 AGAINST... , Alex
Jones vs. Piers Morgan: '1776 Will Commence Again If You Try To Take Our
Firearms'... , REPORT:
BANK OF AMERICA Freezes Gun Manufacturer's Account... , Armed
Robberies Spike Following Game...
Indeed! A LaPierre ] http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/americagone.htm
Submitted by Tyler
Durden on 01/09/2013 - 20:04
It will not come as a surprise to too
many Zero Hedge readers but we feel a big told-you-so dance coming on
again. Via BATS :
*BATS SAYS 'SYSTEM ISSUE' CAUSED PRICING PROBLEMS OVER 4
YRS:WSJ
BZX Exchange
(10/24/08 - 01/04/13) Average Daily Incidents: 410.1 Total Incidents: 433,039
In simple terms BATS admits that the Reg
NMS trading principle of NBBO (National Best Bid or Offer) has failed; meaning
the core premise of market structure since 2005 has been massively abused by at least one and likely all
exchanges. The bottom-line is that the primary and really only safeguard in the market when HFT was unleashed was
never operational and the SEC has had i) no actual supervision over who or
what was abusing the NBBO and ii) no way of keeping track of what really
happens in the market.
Submitted by Tyler
Durden on 01/09/2013
Every nation-state has a body of laws woven into the fabric of society. As Peruvian
economist Hernando de Soto has commented on extensively, the stronger
the rule of law, the stronger the economy . And by "stronger"
laws, I mean laws that are impervious to tampering for personal or political
gains. The connection between a sound judiciary and economic health is readily
comprehensible, except maybe to a politician... businesses and individuals are
far more likely to invest capital in a country with understandable laws that
are impartially and universally enforced than if the opposite condition exists.
That's because the lack of a consistent body of law breeds uncertainty and
adds a huge element of risk for entrepreneurs. Which brings us back to the matter at hand – American
justice on a slippery slope.
{ Short answer: YES! Chief Justice John Roberts
Bowed To Political Pressure And Changed His Vote On Obamacare http://albertpeia.com/nolegalsystem.htm { The unfortunate reality is what I’ve
alluded to in the context of my own direct experience; viz., america’s ‘legal
system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws
to apply pressure, etc., and essentially run by the inmates of this collective
criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm Can
America Survive If Americans No Longer Agree On A Core Set Of Shared Values? { Short
answer: Beyond the propaganda, america already no longer survives as the nation
it once was and purports to be; and, the deterioration and decline of this
meaningfully lawless nation will continue. UNTOUCHABLE:
MF GLOBAL judge nixes group's bid to depose Corzine... [ Pervasively
corrupt, defacto bankrupt in every way, fallen america is so far gone they no
longer even bother with pretense! ] CONGRESSMAN
FLOODED WITH CALLS ON GUN CONTROL: 9-TO-1 AGAINST... , Alex
Jones vs. Piers Morgan: '1776 Will Commence Again If You Try To Take Our
Firearms'... , REPORT:
BANK OF AMERICA Freezes Gun Manufacturer's Account... , Armed
Robberies Spike Following Game...
Indeed! A LaPierre ] http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/americagone.htm
Submitted by Tyler
Durden on 01/09/2013
The release of the National Federation Of Independent Business (NFIB) Small
Business Survey for December was much like the report we discussed in
November. In short - there were very few positives to be found . The current survey was
completed prior to the last minute "fiscal cliff" deal that raised
taxes on small business owners and employers. It is unlikely that higher tax rates will spur businesses to
expand employment, make capital expenditures or increase production .
Furthermore, with the resolution to the upcoming debt ceiling likely resulting
in few, if any, real spending cuts the worries about future economic strength
will likely persist.
Submitted by Tyler
Durden on 01/09/2013
In light of this evening's entertainment from Paul
Krugman , we thought QBAMCO's Paul Brodsky's view of the present debt-ceiling
policy-through-the-looking-glass extremely apropos. Speaking of monetary
abstractionism, there has been recent talk of a fiscal gimmick called “The
Trillion Dollar Coin,” in which a platinum coin valued at $1 trillion would be
created by the U.S. Mint for the Treasury Department. Treasury would then rid
itself of its pesky fiscal deficit in one fell swoop by simply keeping the coin
on deposit at the Fed. The TDC idea is a marvel of political imagination
and public ignorance . Obviously, the TDC idea is a political ploy with a targeted mission: to rid
the US Treasury of its debt ceiling, which is an increasingly frequent and embarrassing public reminder of government
ineptitude. Everyone knows government-led de-levering is not a serious threat.
However, the irony of the scheme and its MMT (Modern Money Theory, is espoused
by imaginative economists technically proficient in double-entry bookkeeping
and deficient in confidence that free marketplaces can provide accurate
valuations) / liberal
Keynesian promoters could not be more delicious. The scheme exposes the forty year-old charade, otherwise
known as the global monetary system, better than any mind-exercise we have been
able to come up with.
Submitted by Tyler
Durden on 01/09/2013
The world has done everything humanly possible to put off any tough
financial decisions and that is especially true in Europe and in America.
The leaders on both Continents just cannot take the heat and so everything
possible has been pushed forward in the hopes that economies will improve and
that growth will cure the ills brought on by the lack of any real leadership.
The centerpiece of the success of lower yields in all of the countries in
Europe rests squarely upon Draghi’s “Save the World” plan where the ECB
will backstop everything. A careful examination of the numbers and the possibilities
limit what can be done in 2013 and the countries in question are
Greece, Portugal, Cyprus, Spain and Italy. The other side of the coin here is social unrest that I believe will surface in
the spring so that the present general belief that things have improved in
Europe is nothing more than a hope which is fashioned by political design. The debt to GDP
ratios for each nation in Europe are nothing more than gimmickry . The central banks, phony accounting and a promise by the
ECB may well have saved 2012 from an implosion but 2013 brings a new set of
circumstances that are far less appealing than last year. Stay safe!
Submitted by Tyler
Durden on 01/09/2013
The economic implosion of Europe is accelerating. Even while the
mainstream media continues to proclaim that the financial crisis in Europe has
been “averted”, the economic statistics that are coming out of Europe just
continue to get worse. Meanwhile, those of us living in the United States
smugly look down our noses at Europe because we are still living in a false
bubble of debt-fueled prosperity. But eventually we will feel the sting of austerity as well . The recent
fiscal cliff deal was an indication of that. Taxes are going up and government
spending is at least going to slow down. It won’t be too long before the
effects of that are felt in the economy. And of course the reality of the
situation is that the U.S. economy really did not perform very well at all
during 2012 when you take a look at the numbers. The cold, hard truth is that the U.S. economy has been
declining for a very long time , and there are a whole bunch of reasons
to expect that our decline will accelerate even further in 2013. So if you are
an American, don’t laugh at what is happening over in Europe at the moment. We
are headed down the exact same path that they have gone, and we are going to
experience the same kind of suffering that they are going through right now. Use these last few “bubble months” to prepare for what is
ahead.
Submitted by Tyler
Durden on 01/09/2013
The saga of an American family centered
around Kunta Kinte's roller-coaster life through freedom and slavery made
Santiago Capital's Brent Johnson reflect on just how critical 'roots' are in
many aspects of our lives. From anthropology and linguistics to the root of law
in the US Constitution and Bill of Rights, Johnson extends the analogy to
precious metal derivatives exchanges rooted in trust and explains that money is not
the root of all evil . While his political taunts and Keynesian antagonism is
well worth the price of admission, it is the discussion of the 'manipulation and debasement of money' as the root of all
evil that is key as the manager explains gold's centuries long avoidance of
this Lenin- or Keynes-inspired comprehension of how governments can
"confiscate wealth" and by a "process of inflation... can overturn
the existing basis of society." Gold provides the roots or solid base on which economies have grown (or
individuals stored value) for all of recorded history. His conclusion
is key - a tree (currency) with no roots simply cannot stand for long and the
market will eventually come to the same conclusion it has for the last 5000
years as the OTC derivative
bubble implodes.
Submitted by Tyler
Durden on 01/09/2013
On the day that California's
Governor Jerry Brown asks federal judges to lift an order to release prisoners
to reduce overcrowding , this brief clip seemed extremely appropriate when
considering just why it is that the US prison population is so high (as we
noted most recently here ). Professor Daniel D'Amico provides some insightful
color, noting that fully 24 percent of
inmates in U.S. prisons are non-violent drug offenders . The drug war
has been adding to a growing U.S. prison population for the past 40 years.
Today, the United States holds more human beings in prisons than any other
country, both as a percentage of the population and in counting total numbers.
The war on drugs has led to significant increases in the U.S. prison population
and he argues that perhaps this is an ineffective way to address drug use in
America. An interesting dilemma on
the day when another 'freedom', that of gun ownership, is up for
potential prohibition.
Submitted by Tyler
Durden on 01/09/2013
This past weekend, as part of a system update to the CalWIN software of California's Social
Services department, HP accidentally cancelled EBT cards for some 37,000
Californians. We can only imagine the resulting panic and the scramble by all
these Californians who suddenly could not live within their means to print
trillion, and other denomination, coins, in the shining example of their
government. The OC
Register reports that eighteen counties were affected in the CalFresh chaos (the 'friendly' name given to
California's food stamp program - also formerly known as the Supplemental
Nutrition Assistance Program or SNAP). While we worry for the strippers
and liquor stores (AP: and don’t
forget particularly the illegal drug dealers) CalWIN and Xerox (the state's
primary contractor for administering CalFresh) developed a process to
reactivate the cards by Tuesday morning. While this must have been a tough day
or two for many, we wonder if Geithner's 'extraordinary' efforts to
extend the debt ceiling deadline have perhaps gone a little too far? Finally,
instead of minting coins, perhaps Hewlett Packard can remotely update its
software in the Fed printers, which can then proceed to print a few cool extra
trillion unsupervised, and voila: all of America's problems are gone.
Submitted by Tyler
Durden on 01/09/2013
A Bold
Dissenter at the Fed, Hoping His Doubts Are Wrong ( NYT )
China and Japan
step up drone race as tension builds over disputed islands ( Guardian )
How Mario
Draghi is reshaping Europe's central bank ( Reuters )
Merkel Economy
Shows Neglect as Sick Man Concern Returns ( BBG )
US oil imports
to fall to 25-year low ( FT )
China Loan
Share at Record Low Shows Financing Risks ( BBG )
Dimon Says Some
JPMorgan Execs ‘Acted Like Children’ on Loss ( BBG ) - children
that reveleased who 'excess reserves' are truly used
Fed injects new
sell-off risk into Treasuries ( FT ) - really? So
the Fed will stop monetizing the US deficit some time soon?
Obama aide
presses Republicans to accept more tax revenues ( Reuters )
Ex-SAC analyst
named 20 alleged insider traders ( FT )
BOJ easing bets
help dollar regain ground vs yen ( Reuters )
Goldman Sachs
Said to Be Part of Fed-Led Foreclosure Settlement ( BBG )
Venezuela
postpones inauguration for cancer-stricken Chavez ( Reuters )
Submitted by RANSquawk
Video on 01/09/2013
1-08-13 Dave’s Daily: http://www.etfdigest.com ‘EARNINGS SEASON BEGINS 1-8-13 Stocks put in back to back session losses as Alcoa (AA) reported adjusted
earnings of 6 cents which matched expectations. That may not be good enough for bulls who always
look for a beat. Wednesday will tell how markets react to this and other
earnings results. For now it
seems nerves are running a little higher given the previous week’s stock market
ramp. Let’s not forget the important driver for now of stock prices—the Fed’s
Open Market activities which are
priming the pump. The dollar
(UUP) was strong but so too was gold (GLD) which shows the normal relationship
broken for now anyway. Commodities (DBC) were mostly higher with oil (USO)
weighting substantial. Bonds (TLT) were stronger as stocks weakened. Stocks
were led lower by various bank components in the financial sector (XLF) and
telecom (IYZ).Consumer Credit expanded at a 7% annual clip with most of the
gains from autos and especially the developing Student Loan bubble.
http://albertpeia.com/davechart1813.gif
We’ll be
keeping this commentary short since Wednesday will probably be more informative
regarding market direction. Volume was once again ultra-light and breadth per
the WSJ was negative once again…’
http://theeconomiccollapseblog.com
http://albertpeia.com/moneyoutofthinair.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/20factsofeuropecollapse.htm
January 8, 2013 http://gainspainscapital.com
http://albertpeia.com/idontthinkso.htm
Submitted by Tyler
Durden on 01/08/2013
Just a
few days ago we noted the massive surge in physical gold coin sales
from the US Mint, with silver surprisingly lagging. Today, we see an even more
dramatic surge in the sales of physical Silver Coins in the first week of
January, which in a few short days
hit 3.94 million oz, already surpassing the entire December total of 1.64
million ounces . It seems that the paper-to-physical currency rotation
is gathering pace even as, or thanks to the trillion dollar platinum coin
mercifully ending its 15 minutes of page-clicking, ad revenue infamy. In the
secondary market, inventories ( via
APMEX ) of Silver coins remain negligible, if any: American Eagles are available
as follows: 2013s may be available 1/18, maybe not; 2012 - 0 ; 2011 - 0 ; 2010 - 0 ; 2009 - 0 ; 2008 - 0 ; 2007 - 0 ; 2006 - 0 ; 2005 - 0 ; 2004 - 0 ; 2003 - 0 ; 2002 - 0 . They do have some 2000, 2001 and 2007,
all about $5-6 over spot! It seems ever more people are getting nervous about
the impact of currency wars on their "money"... or perhaps
just want to make Silver shirts to attract the females?
Submitted by Tyler
Durden on 01/08/2013
Oaktree Capital's Howard Marks begins
his latest missive with a few hard truths. Anyone who has read his memos of the
last 23 years will see he returns often to a few topics. This is due to the
frequency with which themes tend to recur in the investment world. Humans, he notes, often fail to learn. They forget the
lessons of history, repeat patterns of behavior and make the same mistakes. As a result,
certain themes arise over and over. Mark Twain had it right: “History
doesn’t repeat itself, but it does rhyme.” The details of the events may
vary greatly from occurrence to occurrence, but the themes giving rise to the
events tend not to change. Most or all of these themes have to do with behavior
that’s observed in the markets over and over. The good news is that today’s investors are painfully aware of the many uncertainties . The bad news
is that, regardless, they’re being forced by the low interest rates to bear
substantial risk at returns that have been bid down. Their scramble for return
has brought elements of pre-crisis behavior very much back to life. In 2004, I stated the following conclusion: “There are
times for aggressiveness. I think this is a time for caution.” Here as 2013
begins, I have only one word to add: ditto.
Submitted by Tyler
Durden on 01/08/2013
As Japan’s Liberal Democratic Party
national defense task force announced on Jan. 8 that it would increase the nation’s defense budget by more
than 100 billion yen ($1.15 billion), three of five scenarios explored by the defense ministry recently involve
the Self-Defense Forces squaring off against the People’s Liberation Army
(PLA). While the scenarios remain in the realm of speculation,
Japan’s inclusion of a Taiwan contingency again underscores the importance
Tokyo places on Taiwan remaining de-facto independent. Certainly, China’s
assertiveness in 2012 in both the East China and the South China Sea has done little to reassure Tokyo that it could live comfortably
with a CCP-controlled Taiwan so close to its waters and territory.
Submitted by Tyler
Durden on 01/08/2013
When job hunting in one's field turns
tough, college graduates may return to school for another degree (even in
economics). But for some Americans, multiple degrees won't guarantee a job in
their field (or even at the Fed) - or even keep them above the poverty level...
Over the past few years, more
and more highly educated people have turned to food stamps and other forms of
welfare for help...
Submitted by Tyler
Durden on 01/08/2013
A year ago, out of nowhere, the
grotesque suggestion to "resolve" the US debt ceiling with a platinum
dollar coin came, and like a bad dream, mercifully disappeared even as the debt
ceiling negotiations dragged until the last minute, without this idea being
remotely considered for implementation, for one simple reason: it is sheer
political, monetary and financial lunacy. And yet there are those, supposedly
intelligent people, who one year later, continue dragging this ridiculous
farce, as a cheap parlor trick which is nothing but a transparent attempt for
media trolling and exposure, which only distracts from America's unsustainable
spending problem and does nothing
to address the real crisis the US welfare state finds itself in. And while
numerous respected people have taken the time to explain the stupidity of the
trillion dollar coin, few have done so as an integral part of the statist
mainstream for one simple reason - it might provide a loophole opportunity, however
tiny, to perpetuate the broken American model even for a day or two, if
"everyone is in on it." Luckily, that is no longer the case and as
even Ethan Harris from Bank of America (a firm that would be significantly
impaired if America was forced to suddenly live within its means), the whole
idea is nothing more than " the latest bad idea" straight " from the land of fiscal make believe. " We can
only hope that this finally puts this whole farce to bed.
Submitted by Tyler
Durden on 01/08/2013
The Chinese economy has been enjoying a
cyclical rebound since the beginning of Q4 2012. SocGen's central scenario is
that this recovery will last until early Q2 2013 and then gradually lose
momentum. In the medium term, they still anticipate a bumpy path of secular
deceleration, leading to an average
growth rate of 6-7% over the next five to seven years , down from 10%
per annum over the last three decades. This piece focuses on what is probably
the most popular “what-if” question about the Chinese economy – what if China
hard lands (with real GDP growth rate plummets to below 6%)? As China undergoes demographic ageing and growth of the
working-age population slows, this minimum stable growth level will decline
further. However, if progress in rebalancing and structural
reform remains slow, the probability of a hard landing will rise over the
medium term. In the tail risk scenario set out below, 2013 will see
several quarters with just 3% growth and full year growth would stand at just
4.2%, but what are th triggers, how would it evolve, how would the government
respond, and how bad could things get?
Submitted by Tyler
Durden on 01/08/2013
Rather than attempt to predict the
unpredictable – that is, specific events and price levels – let’s look instead
for key dynamics that will play out over the next two to three years. Though
the specific timelines of crises are inherently unpredictable, it is still useful to understand the eventual consequences of
influential trends . In other words: policies that appear to have been
successful for the past four years may continue to appear successful for a year
or two longer. But that very success
comes at a steep, and as yet unpaid, price in suppressed systemic risk, cost,
and consequence.
Submitted by Tyler
Durden on 01/08/2013
In what may be very disturbing news for
the AAPL-borg collective and the broader Hotel AAPLfornia, WSJ is reporting
that Apple is working on a lower-end iPhone , a move which
it dubs "a big shift in strategy as its supremacy in smartphones has
slipped." To call this a big shift is a major understatement: no longer
will Apple have the premium, ultra-luxury, aspirational product cache, which
for a broad selection of its customers was the primary reason to keep buying
iteration after iteration of the company's releases and lining up in droves
around the block on release day. Especially since anyone seeking a "cheaper"
iPhone could just buy a previous generation iteration of a gadget whose new
product launch cadence is now jumping to twice a year, soon thereafter three
times, and so on. Yet saddest for all those who have watched the progress of
this iconic company over the past decade from the sidelines regardless of
sentiment, the consumer products "Ferrari" that Steve Jobs built,
just announced it is launching its own Yugo.
Submitted by Tyler
Durden on 01/08/2013
SSDM: just like in October, and September, and August, and so on, November
consumer credit saw a decent pick up of $16 billion, well above the expectation
of $12.75 billion, above the $14.1 billion in October, and the third highest
monthly print of 2012. And if this was driven even remotely by actual
short-term consumption demand, it would likely be a good sign, as it would
imply consumers have more faith in being able to repay their credit cards.
Sadly, of the entire $16 billion jump, only $817 million, or 5%, was based on a
jump in revolving credit. The real "growth" came as usual courtesy of
Uncle Sam handouts, solely in the form of auto and student loans, which
accounted for a whopping $15.2 billion of the increase in consumer debt, the
second largest jump in the year, second only to the $18 billion in January. And
as everyone knows, student loans are already on fast track to forgiveness (full
forgiveness in 10 years if one works for the government), as will be the case
for those NINJAs who buy GM cars using government loans. For all of 2012, a
whopping $130 billion of the $137 billion total has been in the form of
government handouts. In other words, nearly 1% of 2012 GDP has been funded by Uncle Sam in the form of (dischargeable)
loans which everyone else will be responsible for, until nobody at
all is responsible.
Submitted by Tyler
Durden on 01/08/2013
London
Quantitative Hedge Funds Report Second Year of Losses ( BBG )
Berlusconi
Forms Alliance in Comeback Bid ( WSJ )
Japan to Buy
ESM Bonds Using FX Reserves to Help Weaken Yen ( BBG )
Japan Mulling
BOJ Accord Linked to Employment, Mainichi Says ( BBG )
Samsung Expects
Record Operating Profit ( WSJ )
Boeing 787
Dreamliner Fire Probed, Blaze Adds to Setbacks ( BBG )
BOJ's Shirai:
Open to Firmer Inflation Target ( WSJ )
HSBC N.J.
Client Admits Conspiracy in Offshore Tax Case ( BBG )
Lampert to
Assume CEO Role at Sears ( WSJ )
Abe prepares
fresh stimulus measures ( FT )
U.S. Set for
Biggest State-Local Jobs Boost Since 2007 ( BBG )
Pakistan Seen
Needing IMF Bailout as Rupee Drops Before Vote ( BBG )
Submitted by RANSquawk
Video on 01/08/2013
1-07-13 Dave’s Daily: http://www.etfdigest.com ‘PROFIT-TAKING
MONDAY 1-7-13 Stocks were due for a pullback and early
debt ceiling lines in the sand by the combatants stimulated some selling. I’m
happy to report ETF Digest 2012 portfolio returns from 7 model portfolios were
6%, 7%, 15%, 16%, 17%, 20% and 22%. The lowest returns were from portfolios
with the heaviest cash balances. So it’s onward to 2013 with many challenges
ahead.There was little in the way of economic news and earnings season will be
much in view as Alcoa (AA) leads the charge with fourth quarter results.
Beginning January 10 th the ECB will be meeting with the focus on eurozone interest rates
and Draghi’s pledge to defend the euro (FXE). Further the yen (FXY) rallied
from a 3 week low as investors study what the ECB will do. Overall the yen is a
crowded short trade and some feel there will be some resistance against newly
elected Prime Minister Abe’s stimulus designed to weaken the yen and stimulate
growth. Many believe the overall yen trade target is 90 to the U.S. Dollar
(UUP) which fell Monday.Gold (GLD) continues its battle to find direction even
as noted the dollar was weaker. Commodity prices (DBC) were mixed to flat.
Stocks were broadly lower by less than half a percent.As a consequence of the
overall lackluster action this commentary will be short as we await more
action. Volume was
quite light once again on selling. Breadth per the WSJ was mixed to mildly
negative overall…’
http://albertpeia.com/totalitarianus.htm
http://albertpeia.com/thebigsurprise.htm
Submitted by Tyler
Durden on 01/07/2013
Earlier today, Bill Frezza of the
Competitive Enterprise Institute and CNBC's Steve Liesman got into a heated
exchange over a recent
Frezza article , based on some of the key points we made in a prior post
"A
Record $2 Trillion In Deposits Over Loans - The Fed's Indirect Market Propping
Pathway Exposed " in which, as the title implies, we showed how it
was that the Fed was indirectly intervening in the stock market by way of banks
using excess deposits to chase risky returns and general push the market
higher. We urge readers to spend the few minutes of this clip to familiarize
themselves with Frezza's point which is essentially what Zero Hedge suggested,
and Liesman's objection that "this is something the banks don't do and
can't do." Liesman's naive view, as is to be expected for anyone who
does not understand money creation under a fractional reserve system, was
simple: the Fed does not create reserves to boost bank profits, and thus shareholder
returns, and certainly is not using the fungible cash, which at the end of the
day is what reserves amount to once dispersed among the US banks, to gun risk
assets higher.
Alas, Steve is very much wrong.
Submitted by Tyler
Durden on 01/07/2013
Bloomberg is out
after hours with news that was expected by many, but which was yet to be
formalized, until now: namely that following today's flurry of contntious
nomination by Obama, the latest and greatest is about to be unveiled - Jack
Lew, Obama's current chief of staff, is likely days away from being announced
as Tim Geithner's replacement as the new Treasury Secretary of the United
States. In other words, Jack will be the point person whom the people who truly run the Treasury , the Treasury
Borrowing Advisory Committee , chaired by JPM's Matt Zames (who just
happens to also now run the notorious
JPM Chief Investment Office which uses excess deposits to gamble -
yes, you really can't make this up) and Goldman's Ashok Varadhan, global head
of dollar-rate products and FX trading for North America (recently buying a $16
million pad at 15 CPW ) will demand action from.
Submitted by Tyler
Durden on 01/07/2013
As loathed as we are to say "we
told you so," but
we did and sure enough eKathimerini is reporting
this evening that: thanks to the 'voluntary' haircuts the Greek banks were
force-fed via the latest buyback scheme and the political uncertainty causing
non-performing loans (NPLs) to rise (in a magically unknowable way), they will need significantly more 'capital' to plug their
increasingly leaky boats. The original
Blackrock report from a year did not foresee a rise in NPLs (which Ernst
& Young now estimates stands at 24% of all loans) and the buyback
dramatically reduces the expected profitability of the banks as it removes
critical interest payments that would have been due. Whocouldanode? Well, plenty of
people who did not just buy-in blindly to the promise of future hockey-stick
returns to growth. Expectations are now for
the Greek bank recap to be over EUR30bn.
Submitted by Tyler
Durden on 01/07/2013
A total of 22 companies, 4% of the
S&P 500 market cap, have reported 4Q12 results. Of these, 64% have topped
revenue estimates and 68% topped earnings estimates (considerably lower than
average). Aggregate earnings results have exceeded
estimates by 1%, revenues have missed by 0.5%, and blended margins are down
12bps y/y . As Barclays' Barry Knapp notes, the last several
quarters, earnings seasons have generally been characterized by revenue misses,
earnings beats (but by a shrinking amount), and negative guidance; as a result,
there has been a negative skew to stock prices. In other words, in the
immediate aftermath of the report, earnings beats are marginally
outperforming the market, while misses
get hammered , primarily due to weak forward guidance. The
sustainability of earnings growth remains key given the weak top-line
environment and these three self-explanatory charts should hopefully
put some fundamental color around the perspective that earnings season will be a negative for the market overall .
Submitted by Tyler
Durden on 01/07/2013
As is clear by this chart, inflation was
virtually unheard of until the Creature from Jekyll
Island (the Federal Reserve) took over. However, more importantly, things
didn’t really start to get bad until the 1970?s right after Nixon took the nation off the
gold standard in 1971. Since that time, America has seen a
period of non-existent real wage growth and a huge gap grow between the
rich and the poor ever since. Nothing like livin’ the debt slave dream!
Submitted by Tyler
Durden on 01/07/2013
S&P 500 futures (ES) ended
practically unchanged (though cash was down ~5pts) on relatively weak volume
but decent average trade size - thanks in large part to the entirely ubiquitous rampathon into the close . A
less-than-8pt range in ES saw the standard larger block sizes come through into
the close as we ramped. Stocks were supported by USD weakness (-0.35%) but
commodities ignored it (as did Treasuries). The front-end of the VIX term structure was the
ramping-weapon choice today once again collapsing to red as S&P 500
futures were driven up to unchanged (and Friday's VWAP). The VIX term-structure
has is its steepest in over three months and has steepened its most in 20
months over the past 5 days. HYG
(also levered for a ramp) surged once again (to last week's key VWAP)
squeezed this afternoon as its short-interest
reaches record high levels (as it seems every HY manager is
hedging via the ETF since the underlying has become increasingly illiquid) with
some big blocks going through. Rates overall oscillated in a narrow +/-2bps
range today (not exactly the big rotation) as we suspect, given the chatter of
IG issuance this week, that last week's weakness was more rate-locks and
hedging (as we
have seen time after time ) than asset rotations. Overall, today
was an equity catch-down day to risk-assets overall.
Submitted by Tyler
Durden on 01/07/2013
In addition to our recent discussion of
the macro-economic
data in the US rolling over , and the epic
proportions of net risk-taking longs , Credit Suisse outlines ten further
indications that equities might be due for a 'consolidation'. Translating from
sell-side research gobbledygook into reality, equity bulls are merely demonstrating the traditional
phases of momentum-inspired euphoria in the face of ongoing fundamental
contraction (not to mention a decline in consumption and marginal US
purchasing power) - and earnings expectations, US fiscal tightening, and a
modest rise in deficit-increasing real bond yields will not help.
Submitted by Tyler
Durden on 01/07/2013
The only way to finance a big European-style state is to have it paid for
by massive taxation of everyone, mostly the middle class. Right now, we
are avoiding honest debate on this fact. The central issue of our time is the
debate over the size and scope of government. Two unpleasant but undeniable
mathematical truths limit the feasible policy choices. The first truth
is that the current tax rates cannot support the promises made to middle-class
Americans. The second truth is that you cannot pay for the Life of Julia, or
any vision of a cradle-to-grave welfare state, without massive and increasingly
regressive middle-class taxes. Not only that, it's easy to tax
middle-class assets and transactions but soaking the rich means taxing investments, and problematically,
investments are the lifeblood of economic growth. The choice the
country faces is simple. What we cannot have is the Life of Julia at no
additional burden to 99 out of 100 of us. The way to boil the frog of freedom is slowly.
Submitted by Tyler
Durden on 01/07/2013
Today, to little fanfare, the Fed
announced a major binding settlement with the banks over
robosigning and fraudclosure, which benefited the large banks, impaired the
small ones (which is great: room for even more consolidation, and even more
TBest-erTF, which benefits America's handful of remaining megabanks), and was
nothing but one minor slap on the banking sector's consolidated wrist involving
a laughable $3 billion cash payment. As part of the settlement, the US public
is expected to ignore how much money the banks actually made in the primary and secondary market over
the years courtesy of countless Linda Greens and robosigning abuses. A guess:
the "settlement" represents an IRR of some 10,000% to 100,000% for
the settling banks. We are confident once the details are ironed out, this will
be an accurate range. Yet what is most disturbing, or not at all,
depending on one's level of naivete, is the response of Elijah Cummings,
ranking member of the house Committee on Oversight and Government Reform. As a
reminder, Congress had demanded that the settlement not be announced before
there was a hearing on it. This did not even dent the Fed's plans to proceed
with today's 11 am public announcement which can now not be revoked. It is Cummings'
response which shows, yet again, just who is the true master of the Federal
Reserve.
Submitted by Tyler
Durden on 01/07/2013
The epic farce that is the opaque
balance sheets of European banks, sovereigns, NCBs, and the ECB, continues to
occur under our very eyes. Only when one sniffs below the headlines is the
truth exposed with no
apology or recognition of 'cheating' anywhere . To wit, following November's
farcical over-payment on collateral by the ECB to Spanish banks (that was
quietly brushed under the carpet by Draghi et al.), Germany's Die Welt am Sonntag has found that
the Bank of France overpaid up to EUR550mm
($720mm) on its short-term paper financing to six French and Italian banks . The reason -
incorrect evaluation of the crappy collateral (i.e. the NCB not taking a big
enough haircut for risk purposes) on 113 separate occasions. The problem lies
in the increasingly poor quality of collateral the CBs are willing to accept (and the
illiquidity of the underlying markets) - as higher quality collateral
disappears; which leaves the central bankers clearly out of depth when it comes
to 'risk management', no matter how many times Draghi tells us this week.
Submitted by Tyler
Durden on 01/07/2013
More than half a decade has passed since the recession that triggered
the financial panic and the Great Recession, but the condition of the world
continues to be summed up by what The
Spectator's Michael Lind calls ‘turboparalysis’ - a prolonged condition of furious motion without movement in
any particular direction , a situation in which the engine roars
and the wheels spin but the vehicle refuses to move. By now one might have
expected the emergence of innovative and taboo-breaking schools of thought
seeking to account for and respond to the global crisis. But to date there is
no insurgent political and intellectual left, nor a new right, for that matter.
Why has a global calamity produced so little political change and, at the
same time, so little rethinking? Part of the answer, has to do with the
collapse of the two-way transmission belt that linked the public to the
political elite . But there is a deeper, structural reason for the
persistence of turboparalysis. And that has to do with the power and wealth that incumbent elites accumulated
during the decades of the global bubble economy . But it is
coming...
Submitted by Tyler
Durden on 01/07/2013
Listening to talking heads and certainly
to various retail associations, US consumer spending in December was lackluster
driven by such traditional scapegoats as "lack of confidence ahead of the
Fiscal Cliff", lack of clarity on taxation, fears about what the market
may do, etc. And while retailers certainly did report a very mixed sales report
for both November and December, it certainly was not due to lack of spending,
at least not according to Gallup. Curiously, and rather inexplicably, the
polling organization found that in December the average self-reported daily
spending in stores, online, and in restaurants rose by a whopping $10 to $83.
This was the highest monthly figure Gallup has reported since December
2008. It is also the first reading above the $80 mark since the 2008-2009
recession . But how is that possible? Wasn't the strawman that nobody
would spend due to fiscal and tax uncertainty? Apparently not, and this
unleashes merely the latest episode of baffle with BS, where data from one
source contradicts directly what has been reported from other aggregators of
spending data.
Submitted by Tyler
Durden on 01/07/2013
From a week after the election, the most-shorted names . That story
has not stopped as 2013 has seen the squeeze continue as the year-end
strategy of piling into the most-shorted names has worked . From the
opening levels on January 2nd (with today seeing even more divergence), the
most-shorted Russell 2000 names are dramatically outperforming. It would
appear, as Bloomberg
notes in its recent article on 2012's most-hated companies' outperformance,
that "It's not just hard to be short, it is painful." Of course, they
also note one manager's view that "The risk is that if this market
rally has been based on short covering and that was all it was, then there’s no
further money following, the rally
is then either dead or not sustainable ." Especially with
net spec longs at near-record highs, this has unsustainability written all over
it.
Submitted by Tyler
Durden on 01/07/2013
The chapter on robosigning, i.e.,
Fraudclosure, is now closed with a $10 billion wristslap on US banks, of which
a whopping $3.3 billion in the form of direct cash and $5.2 billion in
"other assistance." The banks who are now absolved from any and all
Linda Green transgressions in the past include: Aurora, Bank of America,
Citibank, JPMorgan Chase, MetLife Bank, PNC, Sovereign, SunTrust, U.S. Bank,
and Wells Fargo. And so, banks can resume to resell properties with mortgages
on which the original lien may or may not have been lost in the sands of time.
Submitted by Tyler
Durden on 01/07/2013
In economies dependent on ever-rising
consumption, austerity had a negative connotation even before its politically
charged meaning commandeered the public debate. When the entire Status Quo depends on discretionary
consumption not just for "growth" but for its survival, austerity is
welcomed with approximately the same enthusiasm Superman reserves for
Kryptonite. This is of course a contradiction: an economy based not
just on consumption of all net income but debt-based consumption is an economy
devoid of savings, i.e. capital to invest in productive assets. An economy
without capital is lacking a key component of classic capitalism. The loss of
resilience and cost sensitivity has consequences. We have created
an economy with an extremely high cost-basis, and as a result it is brittle,
fragile and vulnerable to even modest "austerity."
Submitted by Tyler
Durden on 01/07/2013
Fannie was already in the news this
morning courtesy of the $10 billion settlement announced between the GSE and
Bank of America. Let's make it two in a row courtesy of the firm's monthly
housing survey in which one aspect, the ongoing expectation that home prices
will continue to rise driven by the recent momentum, should come as no
surprise: there is always hope that this dead cat bounce is different and
unlike the previous three, and will result in something substantial. It won't,
once all those millions of properties held on bank books and generating zero
cash flow (remember: BAC's 6+ month delinquent mortgages now
amount to a whopping $64 billion ) are unleashed on the market once the
subsidized housing price is perceived as sufficient by most as a new, and
satisfactory, clearing price. What was surprising was the consumer outlook on
the economy and personal finances, which was diametrically opposite, and in
fact those who expect that their personal financial situation will get worse in
the next 12 months rose to the highest since August 2011.
Submitted by RANSquawk
Video on 01/07/2013
Submitted by Tyler
Durden on 01/07/2013
As had been widely expected, days before
a National Mortgage/Foreclosure settlement is formally announced, the most
exposed banks have started tying up the loose ends with the other nationalized
entities. Sure enough, moments ago Bank of America just announced a $10 billion
settlement with one of the GSEs - Fannie, whose
CEO Tim Mayopoulous was BofA's former General Counsel and one of the people
scapegoated by Ken Lewis. As
just reported , as part of the agreement to settle representations and
warranties claims, Bank of America will make a cash payment to Fannie Mae of
$3.6 billion and also repurchase for $6.75 billion certain residential mortgage
loans sold to Fannie Mae, which Bank of America has valued at less than the
purchase price. These actions are expected to be covered by existing reserves and an additional $2.5 billion (pretax) in
representations and warranties provision recorded in the
fourth quarter of 2012. Bank of America also agreed to make a cash payment to
Fannie Mae to settle substantially all of Fannie Mae’s outstanding and future
claims for compensatory fees arising out of past foreclosure delays. This
payment is expected to be covered by existing reserves and an additional
provision of $260 million (pretax) recorded in the fourth quarter of 2012.
Bottom line: hit to Q4 pretax earnings will be $2.7 billion. Yet, as BAC notes,
despite the settlement, "Bank of America expects earnings per share to be
modestly positive for the fourth quarter of 2012." Which means prepare for
one whopper of a loan-loss reserve release for the quarter as more
"earnings" are nothing but bookkeeping gimmicks.
Submitted by Tyler
Durden on 01/07/2013
Secret and Lies
of the Bailout ( Rolling
Stone )
Banks Win
4-Year Delay as Basel Liquidity Rule Loosened ( BBG )
Hedge Funds
Squeezed With Shorts Beating S&P 500 ( BBG )
Bankruptcy
regime for nations urged ( FT )
Is the Fed
Doing Enough—or Too Much—to Aid Recovery ( WSJ )
Cracks widen in
US debt ceiling debate ( FT )
McConnell Takes
Taxes Off the Table in Debt Limit Negotiations ( BBG )
Abe Seen
Spending 12 Trillion Yen to Boost Japan’s Economy ( BBG )
Monti,
Berlusconi Spar on Taxes in Weekend Media Barrage ( BBG )
Cameron Sets
New Priorities for U.K. Coalition ( BBG )
Defiant Assad
Rules Out Talks With Rebels ( WSJ )
Korea Seen
Resisting Rate Cut as Won Threatens Exports ( BBG )
1-04-13
Dave’s Daily: http://www.etfdigest.com ‘TRILLION
DOLLAR COIN TO WIPE OUT U.S. DEBT
1-4-13 The Employment situation was relatively unchanged (155K jobs vs 155K
expected & prior 148K) while the unemployment rate inched higher (7.8% vs
7.8% expected & prior 7.7%) The underemployment data showed conditions
still at 63.6% or 14.4% that isn’t good frankly. Secretary of Labor Linda Solis expounded on the data by spinning, “…we created jobs by paying
people not to work”. This is the kind of Orwellian talk we get from unqualified
PC political appointments. (The CNBC interview is here but you’ll have to get beyond 3:00 minutes to catch
this.) Some thought an unremarkable employment report had a
“goldilocks” feature to it meaning simply “even tepid news was good” since it
wouldn’t stimulate the Fed to back-off current policies.But there was some good
news from ISM Services which jumped (56.1 vs 54.5 expected & prior 54.7).
Perhaps this was seasonal hiring and post-Sandy activity. On the other hand
Factory Orders fell (0% vs .3% expected & prior .8%).Pimco’s Bill Gross
wrote in his monthly letter his gripe about the Fed’s
free money printing policies . And speaking of the
Fed, St
Louis Fed President James Bullard suggested
the Fed might end QE in 2013. And some more desperate commentators are promoting
trillion dollar coins (platinum the
current choice) to wipe out our debt. It’s quite amusing but liberal blogs are
seriously promoting it.So Friday’s news was Fed-centric as stock prices
continued to hold and add to the recent rally. The dollar (UUP) rally continued
but then eased late allowing gold (GLD) to recapture early losses. Commodity
prices (DBC) were lower overall. Bonds (TLT) managed to eke-out a small price
gain but suffered on the week with stocks rising and QE uncertainty.Stocks were
led higher once again by financials (XLF) and materials (XLB). Financials were
pushed higher by Goldman Sachs positive calls for Citigroup (C) and with
materials hopes for a good report from Alcoa (AA) on Tuesday. Tech (QQQ) shares
underperformed as Apple (AAPL) dropped nearly 2.5% while Microsoft (MSFT) also
saw losses. So rotation within the markets to long neglected sectors from
technology seems the order to start 2013. At the same time earnings for both
tech and financials have been reduced
by 10% by S&P Dow Jones Indices. It’s still hard to imagine with taxes hitting 77% of the population
combined with what should be an ugly debt ceiling fight the economy and markets
would do well. But, who’s to argue with the tape now? Volume overall was ultra-light once
again but then they don’t put this data on your brokerage statement. Breadth
per the WSJ was positive…’
http://theeconomiccollapseblog.com
http://albertpeia.com/65percentbelieve2013economicallybaditis.htm
Opinion: Congress, president have insatiable need
to spend STLtoday.com { Yes! This is why, along with the
pervasive corruption and defacto bankruptcy of the nation, term limits across
the board are necessary, and without exceptions. After all, in the immortal
(campaign slogan) words of dick
(nixon), ‘experience counts’! Indeed it does! For good or ill, and nobody can
deny the nation’s very ill. Term limits would eliminate the perceived and in
fact need to refrain from enforcing laws against huge fraudsters/campaign
bribers/contributors. Moreover,’pork’ would give way to leaner cuts/spending
more rationally based. By every rational criterion, congress will have to work
for their pay consistent with their promises; and, not get to comfortable just
‘being there’ and all that that unfortunately entails. I’ve seen the lack of
resolve/courage/principle/competence first-hand: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm }
January 4, 2013 http://gainspainscapital.com http://albertpeia.com/fedlies.htm { Do bears s**t in the woods? Is the Pope
Catholic? Did the fed previously say no recession, etc.? Of course they did and
do … all the time! }
http://thetruthwins.com
http://albertpeia.com/middleclasswipeout.htm
Submitted by Tyler
Durden on 01/04/2013
While prosecuting the wrongdoers is
clearly not part of the new normal (see Sokol et al.), what Nanex found this
morning beggars belief - both in its method of manipulation and clarity that
our regulators are clueless. As they note, the high frequency traders (HFT) are
at it again. Contorting the spirit of
the rules, because those who wrote the rules aren't technically savvy . On January 4,
2013, we found another instance of HFT morphing their manipulative and illegal
quote stuffing strategy in an effort to fly under the radar. Why they don't
just stop this manipulative practice altogether tells us a few things. First, this isn't some coding error, this is sophisticated
cheating . And second, because they are spending valuable
programming time on this strategy, there must be some real economic advantage.
Which mean a disadvantage to everyone trading against them.
Submitted by Tyler
Durden on 01/04/2013
Central Planners are trying with all
their might to force people into behaviors and financial assets that are in
direct contrast to their logic as well as long term financial well being.
This is the height of immorality, not to mention hubris.
“In general [traders/economists] are
trained to analyze the economic data, balance sheets and so on. They’re not
trained to predict political decisions. These factors have ruled the lives of
fund managers in a more significant manner than what used to be over the past
20 or 30 years.”
The paragraph above pretty much sums it up. There are no markets,
there are manipulations.
Submitted by Tyler
Durden on 01/04/2013
Ex-Barclays chief 'Austrian' economist
Thorsten Polleit provides a few clarifying thoughts on the hyperinflatory
endgame (and democracy-crushing impact) of the fiat currency environment.
Critically, Polleit notes that fiat
currency tends to result in "collective corruption" in societies, and
how this then leads to hyperinflation , despite the dangers to society
that hyperinflation always brings. Ring some bells? This brief interview (with
more detailed article below) stretches from the development of the global fiat
currency regimes over the last 40 years to the increasing levels of debt that
may (just as Kyle Bass and others have noted) mark the terminal decline of the
fiat regime and the self-serving majority electing themselves into a vicious
circle. Mises noted:
" The masses... do not conceive any ideas, sound or
unsound. They only choose between the ideologies developed by the
intellectual leaders of mankind. But their choice is final and determines the
course of events. If they prefer bad doctrines, nothing can prevent disaster ." If these "uncommon men" become "court
intellectuals," the door will be opened for effectively spreading of false
theories, supporting government-friendly ideas ."
Must watch.
Submitted by Tyler
Durden on 01/04/2013
Two weeks ago, when
we commented on the biggest farce in financial thinking at the time
(promptly replaced by the even more lunatic platinum coin "idea"),
namely that one of the main "spending cut" proposals of the Obama
administration, one amounting to $290 billion , was the assertion that the US will
save hundreds of billions because, get this, interest rates are now lower than
they were before. We commented as follows: "this is where one's Excel refs
out, because the interest payment on Treasurys, at least in a non-banana
republic, one set to see 120 debt/GDP in 3-4 years, is a function of fiscal
decisions (central-planning notwithstanding), and to make the idiotic
assumption that one can control interest rates for 10 years (central-planning
notwithstanding), just shows what a total farce this whole exercise has become,
and also shows that nobody in the administration, or the GOP for that matter, has even modeled out the resultant budget pro forma for
the proposed tax hikes and budget "savings" as that would blow up
said excel model immediately ." We now learn that one other
entity that did not fully model out the last minute Fiscal Cliff deus ex , and
especially not the recursive debt relationship in a country where half the
government spending is funded by debt, is the always amusing CBO (whose epic
prediction failure rate has been discussed
here on numerous occasions). It appears that they just did, after the close, on
Friday. The outcome? Their initial estimate of a $4.0 trillion budget increase
was wrong and when one factors in the fact that this incremental spending would
have to be funded by, you guessed it, debt, debt which has interest , the full impact of the Obama tax cut rises deficits by
15% to $4.6 trillion over the next decade .
Oops.
Submitted by Tyler
Durden on 01/04/2013
Wondering where the somewhat
out-of-character economic improvements of Q4 2012 data came from - given Sandy
and the fiscal cliff uncertainty? Wonder no longer. Charles Biderman, CEO of
TrimTabs, has done the data-mining and explains, quite succinctly in this
clarifying clip, just what happened in Q4 2012. To wit, after-tax income saw a
somewhat impressive (but "don't get too excited" he adds) post-election
spike as individuals (and small businesses) front-ran expectations of tax-rises in 2013 by pulling
forward income and bonuses etc. into 2012 . Q4 income
rose by over 6% YoY, which , he believes means Q1 2013 income will be
correspondingly lower. Following an epic rant/exposition of the higher taxes US
citizens will be paying, Biderman batters GDP (and the
government's infinite idiocy) instead focusing on the real recession
of lower after-tax take-home-pay and expects Q1 to see the US plunge with the "US economy starting out the
new year on its butt!" Then, as a bonus, he destroys the
nonsense myth that the US housing recovery is leading us forward.
Submitted by Tyler
Durden on 01/04/
S&P 500 futures lurched in a
vol-driven mania above their implicit QE3 highs (stop-run) and yay verily there
was much rejoicing as cash S&P 500 reached closing levels not seen since
December 2007. The only trouble with all this jubilation - Treasuries rallied all day (so no 'Great Rotation' ), high-yield
credit was having none of it, and AAPL positively hated it (though financials had their best week since the stress tests in
March ). Average trade size surged as did volume into these
highs and as we noted before, the VIX term-structure is now at its steepest in
5 months - as hedgers shift their positions out past the debt-ceiling deadline
(and implicitly crush short-term vol spurring the rally further). But, into the
close, S&P 500 futures were decidedly skittish as it appeared
we ran out of greater fools for a few seconds at the close (via @nanexllc $1.1B worth of
$SPY and 25,000 eMinis in last few seconds) . Equities pulled away from the rest of risk-assets in the
last 30-minute ramp closing the week right at the QE3-day highs, with the USD
+1% on the week.
Submitted by Tyler
Durden on 01/04/2013
Last week we introduced our readers to
the BIS' Head of Foreign Exchange and
Gold . As this week's induction into the
FleeceBook hall of fame of faceless individuals behind the scenes whose fingers
are on all the relevant buttons, we present to you Michael Cross, Head of
Foreign Exchange, and Executive Director for Markets, at the Bank of England, a
role which with the arrival of the BoE's new Goldman leader will become quite
crucial in the coming weeks as the race to debase finally crosses the English
Channel and it is cable's turn to crash and burn against all other currencies.
Submitted by Tyler
Durden on 01/04/2013
We explicitly noted
that the purchase of vol steepeners across the debt-ceiling deadlines was the
short-term trade as soon as the ATRA deal was approved. In the brief
period since, the VIX term-structure has
smashed from its flattest (most inverted) in 2 months to its steepest now in 5
months as hedgers roll out to March and beyond . Of course,
all algos know is that they can lever VXX (and other synthetics) in the
short-term to ramp equities higher - and sure enough the S&P 500 just hit
highs above the highest close since December 2007.
Submitted by RANSquawk
Video on 01/04/2013
Submitted by Tyler
Durden on 01/04/2013
We first
noted the shift to a barter economy that is occuring in Greece back in April . But Mike's
excellent update below shows that this 'barter' has progressed to a new
'alternative' currency. The city of Volos, 200 miles north of Athens with a
population of 170,000 is highlighted in the article due to the size of its
alternative money market centered around a local currency call the Tem. This sort of behavior will be the wave of the future in
all countries, as Central Bank currencies are debased into extinction (and it's
happening in the US already).
Submitted by Tyler
Durden on 01/04/2013
So you want a trillion dollar platinum
coin? Ok: here are some facts...
Submitted by Tyler
Durden on 01/04/2013
Fed mouthpieces Bullard and Lacker are
out in force this morning talking the market back from the edge of yesterday's
FOMC Minutes and reassuring us that the economy is going to be weak enough for
a lot longer to justify the Fed's actions. However, right at the end of Jim
Bullard's interview with CNBC's Steve Liesman, we got a glimpse of the reality
behind the curtain as the St. Louis Fed president threw Bernanke under the purge-ry perjury bus ... Following a
discussion of fiscal policy uncertainty and the need to carefully spend what
money we have, Liesman jokingly commented to Bullard that it is "Easy for
you to say, you have a lot of dollars to spend; you get to print them!" To
which the now foot-in-mouth Bullard replied, "Aaahh; indeed we do." This seems a
little different from what Bernanke
previously told Congress .
Submitted by Tyler
Durden on 01/04/2013
Secretary of Labor Hilda Solis made her
ubiquitous post-NFP appearance on CNBC this morning and spouted the usual
propaganda. However, while discussing how wonderful the ATRA was, the seemingly
slap-happy Solis noted how great the fact that emergency unemployment benefits
were extended for millions of people was - and that thanks to that (and the
magic of the Keynesian multiplier), millions of jobs were saved. So, to sum up, paying people not to work, saved millions
and millions of jobs? Indeed America, indeed.
Submitted by Tyler
Durden on 01/04/2013
Sometimes I just have to smile when
faced with anti-gun propagandists , regardless of
the vicious statements they make, because I know from years of past experience
in this debate that because of their deep rooted hypocrisy , they will inevitably make my pro-gun
case for me. All I have to do is sit back and wait for them to contradict themselves. The gun grabber
personality is interminably flawed, but it could be summarized thus: They believe
the whole of society should cater to their personal concerns. That we
should give up our rights just to make them feel safer. And, that they
are somehow a step above the rest of us, and do not need to practice what they
preach. My question is, why should we go out of our way to please such
weaklings and frauds? I have yet to hear a good reason...
Submitted by Tyler
Durden on 01/04/2013
A surprisingly uneventful report, as BLS
reports that 155,000 Jobs were added in December, right on top of the 156,000
expected, and in line with the number needed to keep up with the growth in the
population, or at least the Old Normal growth. The unemployment rate was 7.8%,
vs the 7.7% expected: who else is surprised that the rate is now rising with
Obama reelected and when a lower unemployment rate means an earlier end to
QE4EVA? The November unemployment rate was revised from 7.7% to 7.8%, just so
headlines can proclaim the rate was unchanged, even though it was fractions
away from a 7.9% print, compared to November initial 7.7%. According to the
Household survey a materially less, or 28,000 jobs were added even as the
number of unemployed rose by 164K. Average hourly earnings for all employees
rose 0.3% in December from November, compared to the 0.2% expected. The
confusion continues as the BLS reports retail jobs were mysteriously down by
19,000 even as every retailer announced it was hiring the kitchen sink, while
manufacturing jobs supposedly rose by 25,000 while the ADP report reported 6 months
of reductions in a row. Construction jobs increased by 30,000. The
Underemployment rate, U-6, remains steady at 14.5%. ADP, which will certainly
be revised lower now, remains a farce.
Submitted by Tyler
Durden on 01/04/2013
Just like last
year: A Postholiday Letdown for Retailers ( WSJ )
Obama Fights
Republicans on Debt as Investors Seek Growth ( BBG )
Housing a Sweet
Spot for U.S. Economy as Recovery Expands ( BBG )
House chooses
Boehner as speaker again despite dissent ( Reuters )
Backlash pushes
Republicans to seek cuts ( FT )
Jobs Lost Hit 5
Million With Rigged Currencies ( BBG )
Chavez still
has "severe" respiratory problem ( Reuters )
Paris promises
flurry of economic reforms ( FT )
Investors Sour
on Pro Stock Pickers ( WSJ )
Abe moves to
ease South Korea tensions ( FT )
Wildfires Hit
Australia Amid Worst Heatwave in Decade ( BBG )
Monti attacks
‘extremist’ rivals ( FT )
Submitted by RANSquawk
Video on 01/04/2013
1-04-13 Dave’s Daily: http://www.etfdigest.com ‘FED MINUTES
DISRUPT PARTY PUNCHBOWL 1-3-13 All things must come
to an end. Fed Minutes today revealed more division among voting members about
when to end QE. This unsettled the market rally and it needed some
consolidation anyway as enthusiasm for the FC deal was perhaps too much given
what on second thought wasn’t a great outcome.News Thursday revealed ADP
Employment Data job gains (215K vs 150K expected & prior revised to 148K)
which are the most volatile and least reliable of the labor group. It may
include seasonal hiring for holiday sales and so forth. Jobless Claims were
much weaker (372K vs 363K expected & prior revised higher to 362 from 350K
holiday guesstimate).Overseas news featured the China PMI services (56.1 vs
55.6 previous) which are an improvement certainly but still running below their
historical average.U.S. stocks pushed slightly higher early only to fall with
Fed Minutes dissension revelations. All things considered, equity price drops
were modest overall as those buying-in Wednesday rushed to protect new found
long positions.The dollar (UUP) rallied once again which generally isn’t
bullish. Gold (GLD) continued to drop accordingly while commodity prices (DBC)
overall fell. Bonds (TLT) were quite weak. Let’s not forget the important
Employment Report Friday with estimates of 155K new jobs expected and the
unemployment rate at 7.8% as many people drop off the rolls. Also there will be
plenty of Fed chatter from Governors Plosser, Yellen and Bullard. Volume was light with most coming post
Fed Minutes release. Breadth per the WSJ was mixed to slightly positive…’
http://theeconomiccollapseblog.com
http://albertpeia.com/goodbaduglyuscliffdeal.htm
January 3, 2013 http://gainspainscapital.com
http://albertpeia.com/dangerwillrobinson.htm
Submitted by Tyler
Durden on 01/03/2013 - 20:05
After the worst
post-Christmas market performance since 1937, we had the largest surge to kick
off any year in recorded history
The myth is
that we are now seeing the clouds part to the extent that cash will be put to
work. Not so fast It is very likely that much of the market advance has been
short-covering and some abatement in selling activity
As equities now
retest the cycle highs, it would be folly to believe that we will not
experience recurring setbacks and heightened volatility along the way
The reality is
that the tough choices and the tough bargaining have been left to the next
Congress and are about to be sworn in
The myth is
that the economy escaped a bullet here. The reality is that even with the
proverbial "cliff" having been avoided, the impact of the legislation
is going to extract at least a 11/2 percentage point bite out of GDP growth
Submitted by Tyler
Durden on 01/03/2013
FX markets and precious metals are
continuing to trade weaker after hours along with Treasury yields (in some very
gappy and unhappy ways) - but the S&P 500 futures are flatlining for now
(as NKY futures push higher - merely playing catch up to ES since New Year's
Eve). Odder and odderer...
Submitted by Tyler
Durden on 01/03/2013
Despite all the rancor about
seasonally-adjusted ad hoc beats of holiday week retail sales (amid burgeoning
discounts), the trend (post the Hurricane Sandy-driven surge) in GAFO
(General Merchandise, Apparel and Accessories, Furniture and Other Sales)
retail sales is most explicitly lower. As Bloomberg Brief notes, consumer
incomes are in a fragile state and between the ATRA deal and a 'stable' at best
unemployment picture, it seems that the YoY change in retail sales is indicating per capita disposable income
is set to decline further . As Rich Yamarone concludes: it appears
"You can't spend what you don't have." It seems 'tax-the-rich' is
also misfiring as those making over $90k per
year report recent spending at its lowest for this time of year since 2008 .
Submitted by Tyler
Durden on 01/03/2013
Submitted by Tyler
Durden on 01/03/2013
The chart below illustrates why the U.S.
economy is so dependent on the wealth effect generated by asset
bubbles. It’s stunning to think that average real earnings in the U.S. are almost 11 percent
lower than where they were in 1973 . Policymakers’
focus should be on increasing worker productivity through: 1) reforming the
country’s education system; 2) unleashing entrepreneurship; and 3)
in the words of ECB chief, Mario Draghi, “doing whatever it takes” to empower
small businesses. But, this is tough political business, however, so we take the easy way out .
The political pandering increases budget deficits, forcing the Fed to repress
interest rates and print money to drive up asset prices. The boom
side of the cycle is sustained longer than most expect because of the reserve
currency status of the dollar. This temporarily generates artificially
inflated demand (i.e, fake) through the wealth effect, which eventually
collapses when asset markets crash. This is not a good long term economic strategy and sustainable
path for permanent wealth creation
Submitted by Tyler
Durden on 01/03/2013
With Spanish 10Y yields hovering at a 'relatively' healthy 5%, having been
driven inexorably lower on the promise of ECB assistance at some time in the
future, the market has become increasingly unsure of just who it is that keeps
bidding for this stuff. Well, wonder no longer. As the WSJ
notes , Spain has been quietly
tapping the country's richest piggy bank, the Social Security Reserve Fund, as
a buyer of last resort for Spanish government bonds - with at
least 90% of the €65 billion ($85.7 billion) fund has been invested in
increasingly risky Spanish debt. Of course, this is nothing new, the US (and
the Irish) have been using quasi-government entities to fund themselves in a
mutually-destructive circle-jerk for years - the only difference being there
are other buyers in the Treasury market, whereas in Spain the marginal buyer is
critical to support the sinking ship. The Spanish defend the use of pension
funds to buy bonds as sustainable as long as it can issue bonds - and yet the
only way it can actually get the bonds off in the public markets is through
using the pension fund assets. The pensioners sum it up perfectly
" We are very worried about
this, we just don't know who's going to pay for the pensions of those who are
younger now ," or those who are older we would add.
Submitted by Tyler
Durden on 01/03/2013
While some were concerned at the Fed's
new quantitative targets as suggesting early tightening, it appears (from the
FOMC Minutes) that those fears were somewhat warranted (with most seeing QE
ending in 2013 ):
*FED SAYS A FEW ON FOMC WANTED QE UNTIL ABOUT THE END OF
2013
*FED: SEVERAL ON FOMC BACKED QE HALT OR CUT WELL BEFORE
2013 END
*ALMOST ALL FOMC MEMBERS SAW POTENTIAL QE COSTS AS
INCREASING
The punchline: "several" means more than
just QE4 hater Jeff Lacker are turning hawkish. Though, even with the risks,
they want moar. Pre-FOMC Minutes: ES 1460, 10Y 1.86%, EUR 1.3108, Gold
$1674. Post: ES -6pts, 10Y +5bps, EUR -40 pips, Gold -$10.
Submitted by Tyler
Durden on 01/03/2013
Presented with no comment - but come
on!!!
*NASDAQ: UTP SIP PROBING AN ISSUE WITH STALE DATA ON
UQDF/UTDF
BATS has declared self-help against
another market center, or is actively investigating an issue. AAPL, GOOG, etc.
all dead...
lots of crossed quotes from EDGE at Nasdaq spins back up
Submitted by Tyler
Durden on 01/03/2013
It would seem initial claims can be
summed for 2012 in one word, 'average'. This last print of 2012 was almost
perfectly at 2012's average of 372, the biggest miss since the first week of November and the Sandy
disturbance. Notably, last week's print was revised higher (after 19 states
failed to report and were 'guessed at) by 12k jobs to 362k having now risen for
3 weeks in a row (on a seasonally adjusted basis). When we scratch below the
surface at non-seasonally-adjusted the numbers are much more concerning than a
rampaging equity market would care to note, NSA initial claims rose 40,459 to 495,588 on the week . Ohio,
Michigan, and Pennsylvania saw the biggest rises in claims while California
dominated the drop in claims (by state) down 11,789. 73k Americans lost Extended Unemployment Benefits in the week
ended December 15th.
Submitted by Tyler
Durden on 01/03/2013
Yet another headscratcher in the endless
litany of Baffle with BS data, this time from the ADP Private Payrolls report,
traditionally a laughing stock when it comes to its NFP forecasting powers (we
will spare readers the correlation scatterplot which shows a 0 correlation),
which not only revised its November print from 118K to 148K (just so it
mysteriously coincides with the November NFP number of 146K), but saw the
December private jobs number surge to 215K on expectations of a 140K print. The
primary reason for the spike, a +39K surge in construction jobs, supposedly in
the aftermath of Sandy, as well as some +53 job additions in trade,
transportation and utilities. Also, how ADP gets +14K financial jobs in the
peak financial layoffs month (to avoid year end bonuses of course), is anyone's
guess. And while we should worry about that unemployment rate rapidly
approaching the 6.5% Bernanke QE4EVA threshold end (don't worry, tomorrow we
will find that the labor participation rate mysteriously has started to grow
again to actually push the unemployment rate higher now that the Obama
re-election is no longer an issue), we definitely should not worry about
America's manufacturing renaissance, as the country lost yet another 11,000
manufacturing jobs - the 6th month in a row with mfg job declines (sorry Ohio,
better luck next time).
Submitted by Tyler
Durden on 01/03/2013
Back in April 2012, in " How
The Fed's Visible Hand Is Forcing Corporate Cash Mismanagement " we first
explained how despite its best intentions (to boost the Russell 2000 to new all
time highs, a goal it achieved), the Fed's now constant intervention in capital
markets has achieved one thing when it comes to the real economy: an
unprecedented capital mismanagemenet, where as a result of ZIRP, corporate
executives will always opt for short-term, low IRR, myopic cash allocation
decisions such as dividend, buyback and, sometimes, M&A, seeking to satisfy
shareholders and ignoring real long-term
growth opportunities such as R&D spending, efficiency improvements, capital
reinvestment, retention and hiring of employees, and generally
all those things that determine success for anyone whose investment horizon is
longer than the nearest lockup gate. Today, one calendar year later, none other
than Bill Gross, in his first investment letter of 2013, admits we were
correct: " Zero-bound interest rates,
QE maneuvering, and “essentially costless” check writing destroy financial
business models and stunt investment decisions which offer increasingly lower
ROIs and ROEs. Purchases of “paper” shares as opposed to investments in
tangible productive investment assets become the likely preferred corporate
choice. " It is this that should be the focus of economists, and not what the
level of the S&P is, as it is no longer indicative of any underlying market
fundamentals, but merely how large, in nominal terms, the global balance sheet
is. And as long as the impact of peak central-planning on "business
models" is ignored, there can be no hope of economic stabilization, let
alone improvement. All this and much more, especially his admissions that yes,
it is flow , and not stock , that
dominates the Fed market impact (think great white shark - must always be
moving), if not calculus, in Bill Gross' latest letter.
Submitted by Tyler
Durden on 01/03/2013
Obama Signs
Bill Enacting Budget Deal to Avert Most Tax Hikes ( BBG )
GOP Leaders
Take Political Risk With Deal ( WSJ )
Basel Becomes
Babel as Conflicting Rules Undermine Safety ( BBG )
Portugal Faces
Divisions Over Austerity Measures ( WSJ )
The Fiscal
Cliff Deal and the Damage Done ( BBG )
Cliff deal
threatens second term agenda ( FT )
Deposits stable
in euro zone periphery in November ( Reuters )
Fresh Budget
Fights Brewing ( WSJ )
China Poised
for 2013 Rebound as Debt Risks Rise for Xi ( BBG )
Who's Afraid of
Italian Elections? ( WSJ )
China services
growth adds to economic revival hopes ( Reuters )
Asian Economies
Show Signs of Strength ( WSJ )
Japan’s Aso
Targets Myanmar Markets Amid China Rivalry ( Bloomberg )
Submitted by RANSquawk
Video on 01/03/2013 - 07:33
1-02-13 Dave’s Daily: http://www.etfdigest.com ‘BULLISH
EXUBERANCE GRIPS BULLS TO CATCH-UP 1-2-13 I won’t be one
to yell at the tape since we are systematic trend-followers. But markets aren’t
doing anything modestly. We get past one cliff only to face another next
month—the super cliff (debt ceiling), hereinafter dubbed SC. Bulls are
basically saying; “Okay, we have time to prop things before SC”. You might
recall the last SC deal was in the summer of 2011 and markets struggled
mightily.Unfortunately for us enough technical damage had been done the past
two weeks that trends became uncertain. Now bulls are playing catch-up with
large news-driven price ramps. Actually there was a confluence of events as the
Fed had (and still is) added plenty of liquidity to markets thru QE which
accumulated while the fiscal cliff issue froze investments. Further large
dividends from before year-end needed to be reinvested. This stash along with
what passed for a cliff fix led to the action seen Wednesday.Nothing is really
fixed of course since a large tax increase is hitting the economy at a poor
time. The payroll tax cut will shrink 77% of American’s income which will hit
the so-called middle class. I believe this doesn’t include higher taxes for
Obamacare now either. We did get the tax issue resolved but spending cuts
didn’t take place in any meaningful way. In fact, the CBO scored the cliff tax
fix as adding $4 trillion to the deficit over the next 10 years—some fix eh?
Plus the president indicated there will be no spending cuts without even more
tax increases. So much for the Clinton era mantra: “The Era of Big Government
is Over ”. Economic data released today included: PMI (54 vs 54.2 expected &
prior 52.8); ISM Mfg Survey rose (50.7 vs 50.5 expected & prior 49.5); and,
Construction Spending fell (-.3% vs .8% expected & prior 1.4%). Stocks soared with a large opening gap
higher with gains across the board. The dollar (UUP) weaker early rallied some
intraday; bonds (IEF) fell as stocks rose; commodities (DBC) rose modestly;
and, gold (GLD) prices also rose modestly.Earnings remain in focus soon. It’s
interesting that so many estimates have been undone previously and future
estimates have yet to be revised lower as per the following chart.
http://albertpeia.com/daveschart1213.gif
Volume was
modest on the sharp rally. Breadth per the WSJ reflected a 90/10 day for most
sectors…’
January 2, 2013
http://gainspainscapital.com
http://albertpeia.com/nothingfixedbydeal.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/economiccollapseblogpredicitionsfor2013.htm
Why? Why does it seem like america is
getting crazier with each passing year? { Because pervasively corrupt
defacto bankrupt america is getting crazier with each passing year! }http://endoftheamericandream.com
http://albertpeia.com/whyamericacrazier.htm
Submitted by Tyler
Durden on 01/02/2013 { The bigger, fatter, more rotund question everyone’s
asking is, will they ever be able to put humpty dumpty back together again? The
newyork/jersey/conn tristate national drains (huge wall street frauds, organized
crime, and all etc.) feel slighted; yet, how can you miss him? I’ve been
waiting far longer for resolution to the corrupted process regarding funds due
and owing to me from primarily the corrupt tristate region, the beltway’s
no.virginia, and banana republic extraordinaire (the entire nation’s become
one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm } Earlier today, in what can only be
summarized as an epic meltdown, NJ governor Chris Christie proceeded with an
even more epic rant against House speaker John Boehner, in narrow terms, and
House Republicans in broader, for killing the $60 billion Sandy Assistance
bill, whose funding would have offset one full year of the just legislated tax
hikes on the rich which would add $62 billion annually to the Treasury (or
alternatively would have been unfundable for the next 2 months while the US
struggles to pay its mandatory bills courtesy of having breached the debt
ceiling). Alternatively, all Americans could just agree to accept less welfare
and entitlement benefits to show their solidarity for New Jersey and fund the
recovery of the Tristate area by a " shared sacrifice " instead of going the default route and demanding
even more deficit spending - something that would naturally saddle the next
generation with even more pain, not the current, far more entitled one - but in
this country that is an absolutely ludicrous proposition. Below is a clip of
the entire Christie performance which is a must see for sheer indignation
entertainment value alone.
Submitted by Tyler
Durden on 01/02/2013
The fiscal cliff deal appears to be a
done deal and markets have reacted accordingly (although
President Obama is apparently awaiting a photo-op later today to sign it). However, the deal leaves a large number of loose ends that ensure
high drama for the next two months on the US fiscal front. The immediate
impact of all the loose ends and deadlines may be smaller than the Dec 31
fiscal cliff, but all of these loose ends are important and could lead to
short-term price action. Several of them are very important for the long run USD
outlook as well.
Submitted by Tyler
Durden on 01/02/2013
Wondering why rail traffic has been
somewhat surprisingly consistent despite uncertainty? Concerned at government's
tenticular reach into each and every aspect of our lives? This somewhat
stunning anecdotal report from OilPrice.com might shed
some light:
A cargo train filled with biofuels crossed the border between the US and Canada 24 times
between the 15th of June and the 28th of June 2010; not once did it unload its cargo, yet
it still earned millions of dollars... The companies “made several million
dollars importing and exporting the fuel to exploit a loophole in a U.S. green
energy program.” Each time the loaded train
crossed the border the cargo earned its owner a certain amount of Renewable
Identification Numbers (RINs), which were awarded by the US EPA to “promote
and track production and importation of renewable fuels such as ethanol and
biodiesel.”
We suggest this is merely yet another
unintended consequence (just as
we noted here ) and perverted incentive of central planning and an all
encroaching government.
Submitted by Tyler
Durden on 01/02/2013
Update 2 : MLNX down
22%. Earnings, and cash flows, matter. And now, time to ramp some other stock
only to see it implode when it announces earnings or guides down.
Update : MLNX, a $2.6
billion market cap company, was up 3% today before being halted after hours and
crushing guidance by preannouncing
horrible revenues . Expect many other S&P 500 companies to be forced to
do the same now that their market value, driven almost exclusively by
"someone's" ceaseless selling of VIX futures and by correlation
engines which assume every company has to rise (and sometimes even fall) by the
same amount as the biggest synthetic indicator, the E-Mini, is so disconnected
from any cash-flow reality, that only the Fed can possibly assume there is fair
value for the stock market at current levels.
The drop in VIX in the last two days is
the biggest percentage drop on record (based on Bloomberg's data) as the
S&P 500 futures (ES) have managed a 70-point rally. The exuberance at
today's open ebbed through the middle of the day but then resurged into the
close as the day-session range was actually quite narrow (sub-10pts).
High-yield credit surged (leading the way) coupled with VXX (huge odd volume
spike) as pain trades were everywhere. FX markets were decidedly unimpressed even as
Treasuries tracked along with stocks for most of the day (though lagged the
late-day surge as 10Y yields stalled out at the 12/187 highs). Commodities held
on to gains even as the USD turned positive on the week. On the bright side,
all those who have been invested in the S&P since March 2000 can exit at (nominal)
breakeven and all it took was a 400% increase in the size of the Fed's balance
sheet. This feels very delicate
and all anchored on a massive protection unwind (as volumes and blocks were
dumped into the late-day ripfest).
Submitted by Tyler
Durden on 01/02/2013
We already knew that the US crossed the
debt ceiling on New Year's day. It is, however, one thing to read a Geithner
press release, it is another to see America's ridiculous debt it in action. So
here it is, courtesy of TreasuryDirect , in all its
debt ceiling glory: $16,432,730,050,569.12 , with the debt
subject to the ceiling at the limit of $16.394 trillion.
And with that we can close the books on
the first quarter of Fiscal 2013, in which US public debt grew by $366 billion,
some $122 billion per month on average.
Submitted by Tyler
Durden on 01/02/2013
Moody's has stepped forward with the
first warning shot across the bow that:
*MOODY'S: MORE MEDIUM TERM ACTIONS MAY BE NEEDED TO
SUPPORT Aaa
Has contradicted itself (from September ) on the
debt-ceiling breach; and warns that while the deal 'mitigates' some fiscal
drag, it does not remove it. To wit: the IMF piles on:
*IMF SAYS `MORE REMAINS TO BE DONE' ON U.S. PUBLIC
FINANCES
*IMF SAYS U.S. DEBT CEILING SHOULD BE RAISED
`EXPEDITIOUSLY'
Full statements below.
Submitted by Tyler
Durden on 01/02/2013
When it comes to the main sovereign
story of 2011 and 2012, namely the endless bailout of Greece, now in its third iteration, the
conventional wisdom is that courtesy of the near elimination of the country's
private sovereign debt and the fact that its official foreign debt held by
benevolent taxpayer funded globalist powers (IMF, ECB, EFSF) has been mostly
converted into a zero-coupon, perpetual piece of paper, the country is fine . After all it
has no debt interest expense to finance, and the only shortfall it has to plug
is that created by its primary budget deficit (which as we
showed earlier is "improving" on a year over year basis not
because the economy is improving, but because the Greek government is simply
refusing to pay its bills ). So there is nothing more to do but sit back and wait
while the economy slowly recovers, the unprecedented internal imbalance with
Germany is gradually aligned, are the unemployment rate drops, (while hoping
that the population does not die out first) right? Wrong. Moments ago Kathimerini reported
that in 2012, the amount of non-performing loans has exploded by a
laughable amount, rising some 50% from December 2011, when it was
"only" 16% and stood at 24% last month. And therein lies the rub,
because as Kathiermini prudently notes, the "bad loans come to a considerable 55 billion euros. This means that
the sum of NPLs already exceeds the total funds
set aside for the recapitalization of the local credit system, which amounts to €50 billion. "
Oops.
Submitted by Tyler
Durden on 01/02/2013
In many respects, 2012 was a year of waiting : waiting for a
path forward on the European debt crisis; waiting for the results of a
polarizing U.S. election; waiting for the Chinese leadership transition;
waiting for a resolution to the U.S. fiscal cliff issues; waiting for the
Middle East to find peace; waiting for a clear path to global growth; and
therefore, waiting to invest additional assets in the markets (or not, as the
case may be). In this 2013 Outlook, Michael Cembalest, JPMorgan Asset
Management's Chairman of Market and Investment Strategy, provides a comprehensive summary of the global factors at play, with
a tone of optimism grounded in realism . Perhaps just
what we need after the surreality of the last two days.
http://albertpeia.com/118732645-Cembalest-Outlook-2013-the-Odyssey.pdf
Submitted by Tyler
Durden on 01/02/2013
In part one of this two part series – Hey You – we examined
how an invisible government of wealthy, power hungry men have utilized the propaganda
techniques of Edward Bernays and lured the
American people into a narcissistic, techno-gadget, debt based servitude. Over
the last one hundred years they have created a totalitarian state built upon egotism, material goods, and
fulfilling our desires through Wall Street peddled debt and mass consumerism . It has been
an incredibly effective form of control that has convinced the masses to love
their servitude. The lyrics to Pink Floyd's 'Mother' had both a literal and
figurative meaning for Roger Waters. Having seen his Wall Tour performance this
past summer at Citizens Bank Park with a diverse crowd of 40,000, ranging in
age from senior citizens to teenagers, it seems this song has gained new
meaning. He sang a duet with himself from 1980 projected on the Wall and when he sang the lyric, “Mother, should I trust the
government?” the entire stadium responded in unison – NO!!! This revealed a
truth that is not permitted to be discussed by the corporate mainstream media
acting as a mouthpiece for the ruling class. A growing legion of citizens in this country does not
trust the government. This is very perceptive on their part.
Submitted by Tyler
Durden on 01/02/2013
One of the Fed Chairman's most memorable
lines in recent history is that "gold is not money... it is tradition ." Perhaps
he was merely listening to the Fed's computers, Ferbus,
Edo and Sigma , which we now know form the backbone of US central
planning and whose DSGE model output is usually spot on until it happens to be
catastrophically wrong, on the issue. Or perhaps that is merely what one is
taught (and teaches) in the Princeton economics department. Whatever the reason
for Bernanke's belief, don't show him this chart from a just released " Report
of the Working Group to Study the Issues Related to Gold Imports and Gold Loans
by NBFCs " in India, part of a coordinated campaign to minimize Indian gold
demand and imports whose direct substitution to " (un)sound money " in the
country is one of the reason being attributed for the nation's high current
account deficit ( as
reported earlier ) and why the finance minister said " demand for gold must be moderated ." The
chart shows the staggering eightfold
increase in India's gold loans " which monetize the idle gold in the country ", in just
four short years. In short it proves that in India, gold is the only real
money, and is the only fallback option in a country where inflation is still
rampant, and where even simple peasants prefer to keep their wealth not in the
local paper currency, which has been losing its value aggressively in recent
years, but in the shiny metal. Must be " tradition."
Submitted by Tyler
Durden on 01/02/2013
In 28 seconds, Bloomberg TV's Scarlet Fu
explains who really benefits from the 'deal' and Bernanke's ongoing 'wealth
effect' policy. Simply put, taxes on 77% of Americans go up... and 20% benefit.
"Fair-and-balanced" indeed. Blackrock's Larry Fink summed it all up
nicely: "The American People
are the Big Losers In The Cliff Deal"
Submitted by Tyler
Durden on 01/02/2013
The recent fiscal cliff negotiations
were almost a textbook case of the game theory's Prisoner's Dilemma...
resulting in the same sub-optimal outcome. All the posturing and political
strutting were more about trying to obtain personal advantage over the other
players, not actually fixing anything. The fiscal cliff, in fact, stopped being
about the US economy a long, long time ago. The uncomfortable truth that nobody in officialdom wants
to admit (save outgoing Congressman Ron Paul) is that the fiscal situation is
unfixable. Meanwhile, the debt ceiling has already been breached,
and the Obama administration is scurrying to seize federal pensions as a
temporary fix. Seriously, how long will
it be before they start seizing private pensions, IRAs, etc.? How long
before mutual funds and banks are required to hold a percentage of their assets
in the 'safety and security' of US Treasuries? How long until everyone is
involuntarily financing Uncle Sam?
12-31-12
Submitted by Tyler
Durden on 12/31/2012
As we forecast back in November , it is now
official that the House will not vote on any deal out
of the Senate, assuming there is one which there won't be of course,
later today, which means America will officially slide off the Fiscal
Cliff . And now cue everyone being very hopeful and optimistic
a deal will get done momentarily, if not sooner, in 2013. Of course, we all
know just how far optimism takes America's dysfunctional Congress. The biggest
irony in all of this is that the only winners today were the
much hated "1%"-ers, whose taxes may or may not go up, who just got
to book major year end profits on this last minute ramp. The remainder of
America's population can quietly look forward to 2013 with "hope" and
"optimism" that in 2013 Congress will finally stop being
dysfunctional. Good luck. Oh, and before we forget, America just
breached its debt ceiling : now the pillaging of various
government retirement funds begins.
Submitted by Tyler
Durden on 12/31/2012
S&P 500 futures staged a 3%
rally off their overnight lows - taking them back to 3-day highs
as headline after headline triggered another round of stop-runs. VIX
compression led the way as hedges were pushed off to March and higher levels
enabled better exits above Friday's plunge VWAP levels. The year ends
with the Dow beating Gold for the first time in nine years (just) . The USD fell
0.5% on the year (and the JPY -12.8%!! ). European
stocks beat US stocks (EuroStoxx50 almost doubling the Dow's performance). US
Treasuries and US stocks both rallied. Financials gained 26% on the year. The
Treasury curve flattened with the front-end selling off modestly and the belly
rallying 10-15bps. VIX was unchanged from the start of the year at the open
today - but thanks to the epic compression and steepening we have fallen back
(VIX lower on the year). Of course, today's epic ramp really
dislocated from risk-asset reality as soon as Bonds closed...
Submitted by Tyler
Durden on 12/31/2012
Well, we appear to be nearing a mini
'delay' deal of some sort. The agglomeration of headlines continues with Senate
deals on and off, Biden proclaiming victory yet Senate Democrats are said not
have consented (yet).
*WHITE HOUSE
SAID TO REACH BUDGET DEAL WITH REPUBLICANS
*SENATE FISCAL
CLIFF VOTE POSSIBLE BY 10:30 P.M.: REID SPOKESMAN
*SENATE
DEMOCRATS SAID NOT TO HAVE CONSENTED TO DEAL
State of the idiocy appears to be: The
2-month sequester delay: cuts would come half from defense &
half-non-defense. 2 month window to give all sides time for bigger deal. No debt ceiling
resolution . Tax rises for 400/450k, Cap Gains/Dividend up to 20%,
small rise in estate tax and restrictions on personal tax deductions. Simple -
as we have said for a while - assuming this passes seamlessly, this is
nothing but a can-kicking delay to the 'extraordinary' debt ceiling date - two
words - Stop.Gap . And in two months, it's not just the
sequester but the debt ceiling too. Enjoy your night.
The
Fed's Inflation Will Crush Emerging Markets Posted by: Phoenix Capital... Post date: 12/31/2012 ‘The Fed's
inflationary policies will damage Emerging Markets... not push them higher... A final feature
of the Fed’s decision to implement QE 4 will be greater inflationary pressures.
This will result in lower economic growth (in real terms) as well as higher
operational costs, which will eat into corporate profit margins. ‘ http://albertpeia.com/fedsinflationtocrushmarketsprofitmargins.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/fiscalcliffsceilingsripsyoutoshreds.htm
US
hits borrowing limit, moves to avoid default AP
http://theeconomiccollapseblog.com
http://albertpeia.com/empeconomiccollapse.htm
A
Massive Electromagnetic Pulse Could Collapse The Economy In A Single Moment
Happy
New Year Middle Class: The Fiscal Cliff Is Going To Rip You To Shreds
16 Things About 2013
That Are Really Going To Stink
Government
Dependents Outnumber Those With Private Sector Jobs In 11 U.S. States
Say Goodbye To The Good Life
Agenda
21 Is Being Rammed Down The Throats Of Local Communities All Over America
75
Economic Numbers From 2012 That Are Almost Too Crazy To Believe
20
Signs That The U.S. Poverty Explosion Is Hitting Children And Young People The
Hardest
What In
The World Are Barack Obama And John Boehner Thinking?
22
Stats That Prove That There Is Something Seriously Wrong With Young Men In
America
Dave’s Daily: http://www.etfdigest.com HAPPY NEW CLIFF YEAR! 12-31-12
The president got his pound of flesh on
taxes even as he was looking for more. Some significant deals were struck on
dividends and capital gains for those making less than $400-450K. The
disappointment is debt issues were shelved. This is what always happens since
raising taxes is always the easiest thing to do vs serious deficit cuts bear on
someone else’s ox getting gored. But, once Obamacare is in force taxes
will rise further as Chief Justice Roberts ruled—“it’s a tax”.So we got a
relief rally of sorts in stock markets and portfolio managers will get a little
more in the way of bonuses with the end of month & year “stick save”. Oh
wait, many of them will have to pay more in taxes.The following (Weekly
Standard) is the deal worked out between VP Biden and Senate Minority Leader
McConnell.Since It was inevitable with Obama’s reelection taxes would rise, perhaps
this is the best possible outcome…It’s not a mere side note that the House
hasn’t voted on this and there’s been little in the way of reconciliation which
“is” the process in legislation as noted HERE . Assuming that a positive vote on this takes place in the House, then we
move to the next big deal—the debt ceiling. And, let’s not leave out more
controversy as Obama continues to piss-off potential republican votes as he
presses for even
more taxes in 2013 . Finally, late
breaking word is the House
won’t be voting on any deal Monday thus
going over the cliff if only temporarily.The other positive news came from
China where industrial production (PMI) 51.5 vs 50.5 previously. This kicked
emerging market (EEM) and Asian stocks (AAXJ) higher despite fiscal cliff
issues.I’m not going to spend a lot of time on this as nothing is “buttoned
down” yet except a sharp equity market rally and short squeeze.Volume was heavy
on this “fiscal cliff” day and like others I hope not to type that phrase again
ever! Breadth per the WSJ was quite positive approaching a 90/10 day by some
measures…’
Executives
at collapsed Iceland bank jailed for fraud
Reuters | Two former executives at an Icelandic bank which
collapsed in the 2008 financial meltdown were sentenced to jail. { This is
something that hasn’t happened in pervasively corrupt, defacto bankrupt america
except for those few ‘not too big to fail or jail’! Everyone’s still paying for
those gargantuan, bailed out, hidden (legislated FASB rule change) wall street
frauds still extant and cashed out by the perps. }
India reports 25 rapes in week following
Delhi gangrape IBNLive { See, as per the californication amerikan
jurisprudential scholar/jurist/judge, these 25 girls may not have realized it,
but, they really wanted it … you know, otherwise, as per the californication
jurisprudential scholar/jurist/judge these subconsciously consensual encounters
could not have happened because the body would ‘just say no’ to such liasons if
nonconsensual. There you go! … american jurisprudence has done it again as they
guide us through those dark, shadowy, murky areas of the law that would
otherwise label violent criminal rapists as violent criminal rapists. (We’re talking India here; but, violent rape
among a plethora of other substantial crimes including murder, huge protected
ie., wall street, etc., frauds, armed robberies, etc., are rampant in
pervasively corrupt, defacto bankrupt america.) India gang-rape suspects to face murder
charges (CBS/AP) NEW DELHI - Indian police charged six men with
murder on Saturday, hours after a woman who was gang-raped and beaten on a bus
in New Delhi nearly two weeks ago died in a Singapore hospital. { Clearly, says
the california-american jurist/jurisprudential scholar, this girl was not a
victim but really ‘wanted it’ and while she may have been screaming/saying
‘no’, she really meant ‘yes’ since otherwise her body wouldn’t have permitted
that rape (and beating) to happen. See … now that’s why we have professionally
educated/trained judges … to ‘split the pubic hairs’, so to speak … (that judge
should be forced to step down)} Calif. judge says a victims' bodies can
prevent rape CBS News SANTA ANA, Calif. A Southern California judge is being publicly admonished
for saying a rape victim "didn't put up a fight" during her assault
and that if someone doesn't want sexual intercourse, the body "will not
permit that to happen.” { Wow! Spoken like a true california american jurist.
Well, with violent rapes on the rise along with other serious violent among
other crimes in america and california particularly, and elections being what
they are, ‘might as well go with the flow’ might have been the ratio-decedendi.
After all, most violent criminals in america are closet pacifists/peace corp
members and if the body says yes or no but the mind subconsciously says yes,
only then will a rape happen (NOT!); and, no violent rapist would let a
LIVE/CONSCIOUS rape-resistor get in the way of implicit consensual rape. Wow! I
initially was going to quip, ‘he doesn’t get out much’; but, maybe he just
‘gets out too much’. Wow! What more can anyone say! [ If the foregoing didn’t
make sense to you, that’s because the californication judge’s outrageous
statement is absolutely preposterous! ] }
Submitted by Tyler
Durden on 12/31/2012
There’s a much bigger cliff than
the so-called fiscal cliff. The absolute worst result of the fiscal
cliff would be a moderate uniform tax increase at a bad time, resulting in a
moderate contraction. It is an obvious - but ultimately rather cosmetic -
stumbling block on the so-called “road to recovery”. The much bigger cliff
stems from the fact that the so-called recovery itself is build on nothing but
sand. This is a result of underlying systemic fragilities that
have never been allowed to break .
Submitted by Tyler
Durden on 12/31/2012 - 07:40
Japan PM Abe
wants to replace landmark war apology ( Reuters ) - to
summarize Abe's strategy: crush the JPY even as China is alienated so much not
a single Japanese export goes to Beijing. Brilliant
Unthinkable
Cuts Almost a Reality ( WSJ )
Signs of Negative
Economic Impact Growing ( WSJ )
Carlyle Agrees
to Buy Duff & Phelps for $665.5 Million ( BBG )
Greek retail
sales slump deepens in October, recession bites ( Reuters )
Congress
Dysfunction as Deadline Arrives Poses 2013 Risks ( BBG )
For Euro, All
Eyes Are on Central Bank's Actions ( WSJ )
France Seeks
New Path to High Tax ( WSJ )
Japan Rebuke to
G-20 Nations May Signal Moves to Weaken Yen ( BBG )
Portugal braced
for ‘fiscal earthquake’ ( FT )
Monti's reform
path faces test beyond Italy elections ( Reuters )
South Korea’s
Inflation Slows Even as Economy Gaining Momentum ( WSJ )
China factory
sector strongest since May 2011 ( Reuters )
12-28-12 Fiscal cliff, my ass! Come on! Wake up! There’s no real recovery,
except, ie., for the huge frauds on wall street (as they cash out worthless
paper for bucks/hard assets and churn-and-earn at lightning/computerized algo
program speed) which continue unprosecuted and unabated and at everyone else’s
expense! Everybody’s paying for the wall street QE/frauds/froth! Huge
unaffordable debt increases to mask the obama failure. Threats by the niggers
to step up their already substantial violence against whites and riot if no
obama ‘re-election’ … that’s terrorism! Unprecedented domestic terrorism! Then
the widespread, documented voter fraud favoring obama … not a peep from the
‘status-quo, don’t rock the boat, happy to be there’ republicans. Why bail out
wobama? Nothing will be solved by satisficing here! This last minute cramdown
is what they’ve opted for by unreasonable, unaffordable, politically motivated
intransigence! The nation’s broke! The niggers are pulling down their
unaffordable freebies like never before. The extended unemployment benefits are
so rich, who’d ever want to work? Time to say no to the niggers! A bit of
intestinal fortitude required! F**k wobama, and f**k the niggers and their
self-loathing buddies! Selective, rationally strategic ‘undoing’ of various
‘fiscal cliff’ unpleasantries can be undone after the fact of the ‘obama 4
years in the making failure’ with sound, rational thought consonant with
reality. F**k wobama, f**k the niggers and their self-loathing buddies! Want to
blame someone, blame wobama the unequivocal failure. Time to call a spade a
spade! Time to pay the piper!
Pay
Raise for Biden, Members of Congress, Federal Workers...
Under
wobama, for every $7 brought in by gov't, $11 spent...
The Real Obama Budget Deficit
For 2011: 5 Trillion Dollars
http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S.
Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse
than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one
looks…The government’s total indebtedness is $211 trillion ’ … )
Spending
to Increase 55% Under Obama's Plan...
Gov't
announces GM 'exit strategy' ... taxpayers to lose billions! 50%
Loss!
Obama:
Biggest mistake too much perspiration, not enough inspiration [What total b***s***!] { Biggest mistake:
too much b***s***, not enough substance; that’s reality, not spin! } White
House on weak jobs report: Don’t ‘read too much’ into it Olivier Knox, Yahoo! News { Riiiiight! Sounds like a plan! After all,
wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having
done anything of substance in his entire life. Indeed, even his so-called
‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies
which reveal a psychogenic/dissociative amnesia that works well in the
continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’
littered with the cowpies of stark reality. People owe themselves and their
children more than this grifter’s con which in numbers measures more than the
increased deficits of all the presidents since President General Eisenhower
combined to obfuscate his unequivocal failure. http://albertpeia.com/10waysobamakillingjobsinamerica.htm } Obama Asks People Getting Married To Forgo Gifts... Donate To His Campaign Instead... … For those who put their trust in proven
failure wobama, all they have to show for such misplaced trust are broken
campaign promises, now insurmountable record deficit spending exceeding all the
presidents since Eisenhower combined to obfuscate what clearly has been
wobama’s unequivocal failure. ]Will accept your birthday or anniversary gifts, too...
IF IT WAS ONLY ONE THING ABOUT WOBAMA THAT
MAKES HIM SO WRONG. YET, IT’S A MULTITUDE OF REALITIES; FROM INVARIABLY BROKEN
CAMPAIGN PROMISES ( Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins
Oscar for Documentary on the unprosecuted massive extant fraud in the (many)
TRILLIONS by the frauds on wall street ( and declares with oscar in hand that not
one high level wall street exec has been prosecuted … despite ‘earning’
billions from the fraud ) Cases against Wall Street lag
despite Holder’s vows to target financial fraud WP Obama has
promised to hold Wall Street accountable for the meltdown. ‘ THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , etc.) , TO VERY REAL BIRTH ISSUES (WHAT PERSON FAILS TO
GET THEIR PLACE OF BIRTH CORRECT – THE FRAUDULENT WOBAMA KIND http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ) , TO THE CURRENT OBFUSCATING FRAUD, Obama's Five Trillion Dollar
Lie http://albertpeia.com/obamas5trilliondollarlie.htm { the economy is already in depression in real terms when taking into account real
inflation numbers. Financial Crisis Phase II Is
Ahead at Forbes Bert Dohmen ‘ In late 2007, I
wrote the book Prelude To Meltdown , predicting the global crisis that
occurred the following year. I now see a similar confluence of events ..
“the new recession has started.”… Over the past 33 years, we have called the
start of every recession..Currently, the GDP deflator is 1.8%, which hardly
reflects the true rise in prices. Therefore, what is counted as “growth,” is
actually price increases. Actual inflation..is now more than 11%. Using that to
adjust GDP for inflation, would show that the economy is now in a very sharp
contraction…’ } , WOBAMA ET ALS’ DISINGENUOUS ATTACKS AGAINST ROMNEY ON WHAT WAS PRIZED AND
LAUDED AS LEGAL, COMPETENT MANAGEMENT INCREASING SHAREHOLDER WEALTH (THE TASK
OF COMPETENT MANAGEMENT) IN THOSE BLOATED, NON-COMPETITIVE TIMES CONTRASTED
WITH WOBAMA’S UNPRECEDENTED FURTHER BANKRUPTING OF THE NATION AND INDISPUTABLE
FAILURE AS PRESIDENT ( Obama's Legacy: A Failed Recovery & Double-Dip
Recession Forbes /
Mariotti ‘…There will be
no significant recovery in the United States of America while Barack Obama is
President. The evidence is overwhelming: everything Obama has tried
to fuel a recovery (with his Democratic allies in Congress) has failed.
Statistics claiming jobs saved by the stimulus package were mostly fiction, and
cost American taxpayers about $275,000 each. Nearly 2-1/2 million fewer
Americans have jobs than before the stimulus. Barack Obama has been President
for 30 months—2-1/2 years. He spent the first year obsessed with passing
Obamacare, a program that doesn’t create jobs, but might destroy a lot of them.
He “bailed out” GM, but many believe that his interference didn’t save
GM; it merely cost taxpayers an extra $15-20 billion, and stole from legitimate
investors to buy off the UAW. His broken campaign promises are too
numerous to list…’). IT IS NOTHING SHORT OF TRAGEDY TO SEE PEOPLE DELUDE AND
MAKE FOOLS OF THEMSELVES IN SUPPORT OF JIVE-TALKING GRIFTER/CON-MAN OBAMA
Dave’s Daily: http://www.etfdigest.com ‘FRUSTRATION WITH FISCAL CLIFF 12-28-12
“I don’t have to tell you things are bad. Everybody knows
things are bad. It’s a depression. Everybody’s out of work or scared of losing
their job. The dollar buys a nickel’s worth. Banks are going bust. We know
things are bad. Worse than bad. They’re crazy. It’s like everything everywhere is going crazy so we
don’t go out anymore. We sit in a house as slowly the world we’re living in is
getting smaller and all we say is, ‘Please, at least leave us alone in our
living rooms.’ Things have got to change my friends. You’ve got to get mad.
You’ve got to say, “I’m as mad as hell and I’m not going to take this anymore!”
Howard Beale (Peter Finch: Network 1976)
Things haven’t
changed much since 1976 have they? Only the names, faces and circumstances have
changed. Americans are still getting the shaft, but this condition is routinely
self-inflicted. We’ve made a mockery of the presidency, congress and markets.
We know little about civics, the constitution and bill of rights, history,
economics, science, literature and economics. We care more about toys and
Hollywood distractions since critical thinking is just too hard . But I digress. Meanwhile the fiscal cliff sideshow and
accompanying rumor driven algo / HFT trading dominates trading.
Most Americans don’t even know what the fiscal cliff is – they just know it’s
bad. The slip in Consumer Confidence to 65 from 74 reflected fear Thursday.
Last week alone investors jammed $80 billion into bank CDs. I’ve been avoiding commenting and even
took a brief holiday in NYC for Christmas as HFT / algo driven volatility was to be
expected this week. And this is what the HAL 9000s delivered. These programs
alone have driven many investors out of markets. I hope the NYSE and other
proponents of this activity are satisfied with the results.The Chicago PMI was
only superficially higher (51 vs 51 expected & prior 50.4). But within the
data the employment reading was -55.2 vs -45.9 previously—a hiring freeze.
Pending Home Sales were in line with estimates (1.7% vs 1.8% expected &
prior 5.2%). Again rumors
and trial balloons are being launched. What to expect this weekend? A
mini-deal, an extension to buy some time (always a first choice), or a deal that fixes nothing? There are many
possibilities and all the volatility will sell soap for the media and that’s
about it. We’re rather
well-prepared for trouble if not opportunity. We raised nearly 55% in cash two
weeks ago with only 25% in stocks and the balance in the income space. We can
deal with this one way or another. Monday is scheduled to be a full trading day and one would suppose
vacations will be cut short making New Years Day and Wednesday a tough go for
partiers. Stocks fell
sharply and even more so after the close dropping 28 S&P points (see chart
below). Volume was
spiked as news was leaked Obama wouldn’t offer any new compromise. Breadth
continues to be negative per the WSJ…’
http://thetruthwins.com
http://albertpeia.com/youmighthateamericaif.htm
The Fiscal Cliff Diversion
American
Thinker | The US economy is already over the fiscal cliff and falling at an
increasing rate.
Government
Dependents Outnumber Those With Private Sector Jobs In 11 U.S. States
Economic
Collapse | America is rapidly becoming a nation of takers.
The
Real Crisis: “People Have Lost Trust In The Government And The Market”
Zero
Hedge | The death of the ‘cult of equities’ was a popular topic this year among
both fringe blogs and the best-known institutional asset managers and sell-side
strategists.
Submitted by Tyler
Durden on 12/28/2012
Finally, the market realizes that it was
the patsy all along. This is what a real cliff looks like:
Submitted by Tyler
Durden on 12/28/2012
Despite the fact that myself and
everyone else acting like they know what lays ahead are proven wrong time and
time again, we continue to make predictions about the future. It makes us feel
like we have some control, when we don’t. The world is too complex, too big, too corrupt, too lost
in theories and delusions, and too dependent upon too many leaders with too few
brains to be able to predict what will happen next. This is the
time of year when all the “experts” will be making their 2013 predictions - but
few will address where they were wrong in previous predictions. I’m more interested in why I was wrong. It seems I always underestimate the ability of sociopathic central bankers
and their willingness to destroy the lives of hundreds of millions to benefit
their oligarch masters. I always underestimate the rampant
corruption that permeates Washington DC and the executive suites in mega-corporations
across the land. And I always overestimate the intelligence, civic mindedness,
and ability to understand math of the ignorant masses that pass for citizens in
this country. It seems that issuing trillions of new debt to pay off
trillions of bad debt, government sanctioned accounting fraud, mainstream media
propaganda, government data manipulation and a populace blinded by mass delusion can stave off
the inevitable consequences of an unsustainable economic system. Will 2013 be
the year it all collapses in a flaming heap of rubble? I don’t know. Maybe you
should ask an “expert”.
Submitted by Tyler
Durden on 12/28/2012
Presented with no comment.
Submitted by Tyler
Durden on 12/28/2012
The beginning of the year has traditionally been a time of optimism when
we all look forward to the exciting things that are going to happen over the
next 12 months. Unfortunately, there are a whole bunch of things about
2013 that we already know are going to stink. Taxes are going to go up, good
paying jobs will continue to leave the country, small businesses will continue
to be destroyed, the number of Americans living in poverty will continue to
soar, our infrastructure will continue to decay, global food supplies will
likely continue to dwindle and the U.S. national debt will continue to explode.
Our politicians continue to pursue the same policies that got us into this
mess, and yet they continue to expect things to magically turn around. But that
is not the way that things work in the real world. Bad decisions lead to bad
outcomes. Sticking our heads in the
sand and pretending that everything will be “okay” somehow is not going to help
anyone.
Submitted by Tyler
Durden on 12/28/2012
We would expect the ingredients of the
speech to be a pinch of self-denigration mixed with 6 fluid ounces of
'millionaires-and-billionaires', and a quart of "it's the other guys'
fault." This coming from the man who precisely a week ago announced he
would propose a "scaled down" plan, which today turned out was a
complete lie: some leadership. Nevertheless. it will be interesting to see how
his 'new' plan, same as the 'old' plan, is different from the 'new new'
plan-to-come as he pushes the Senate to propose a 'new new new' deal that will
really be a 'skinny irrelevant' deal - no doubt heralded by all asunder as a
'grand new' deal. Though it appears we should have no fear as McConnell and
Reid are working on it and McConnell is "hopeful and optimistic."
Farce!
Submitted by Tyler
Durden on 12/28/2012
Adding to the confusion, for some, that
is today's trading session, here comes the CME which in a post-closing
announcement, proceeds to hike outright margins on a variety of petroleum and
freight products, but more importantly just cut the margins on gold by 9%. Is it that time
when the establishment is clearing the path for everyone to rotate out of
equities (and/or bonds) into gold, just to set the trap and pull the trapdoor
once everyone is once again left holding paper gold? We shall see, but
following tonight's selloff, gold is now less than 5% less than stocks YTD. It
may well be up to the last trading session of the year to determine who wins in
2012: rock or paper.
Submitted by Tyler
Durden on 12/28/2012
For the first time since May, the
S&P 500 has fallen for 5 days in a row. VIX has very much heralded the fact
that investors were not as bullish as media-types would like to believe - as we
have vociferously noted - and today's jump in the VIX pushes it to six-month
highs over 22.5%. The S&P 500 futures
ended the day-session at the week's lows testing down just shy of last week's
flash-crash lows. Meanwhile, while equities slumped catching down to
Treasury yields, commodities were relatively flat as was the USD; it seems that
the excess longs in equities relative to the rest are unwinding - a different
picture than what was seen during last Summer's debt ceiling debate.
Submitted by Tyler
Durden on 12/28/2012
Looks like today everyone in Congress
was short. Here's why:
OBAMA SAID NOT TO MAKE NEW OFFER IN FISCAL CLIFF TALKS OBAMA OFFER DETAILED BY SOURCE FAMILIAR
WITH WHITE HOUSE MTG OBAMA SAID REITERATING PROPOSAL FROM
LAST WEEK ON FISCAL CLIFF
So much for a deal, and so much for the
invisible DJIA support at 13,000.
Submitted by Tyler
Durden on 12/28/2012
UPDATE: S&P says an impasse will not prompt an immediate
downgrade - ramp-on (perfectly to VWAP and faded)
The Dow just breached 13,000 to the
downside and S&P 500 futures are bleeding lower (catching down to a more
anxious credit and Treasury market). Now well below VWAP, we worry that the
plethora of headlines about to be unleashed on the investing world will create
chaos in the markets (most likely futures first given liquidity). AAPL used the
rampathon to get to Boxing Day's closing VWAP for a heavy dump. Will the
meeting (which started at 1510ET) end after the day-session close allowing
futures traders to play? who knows...
Submitted by Tyler
Durden on 12/28/2012
On December 26, 2012 at 11:02:59, the
market suddenly exploded with activity (SPY dropped below 141.88 - a low set 12
days earlier on December 14). Approximately 3,800 March 2013 eMini futures
contracts (S$P 500) were sold during that second. Nanex thought the sudden explosion
in activity warranted a closer look . What they found was fascinating . It appears the entire market-wide move may have been
carefully orchestrated. One thing for certain is that our
regulators will never be able to see the big picture if their analysis tools
(MIDAS) only looks at equity data. Analyzing price moves in futures and options
is crucial to understanding market-wide moves in equities, and visa versa. The sad truth is that 'momentum ignition' events such as
this occur all the time. See this page more details, including an
animation that shows where and when these events have occurred since 2007.
Submitted by Tyler
Durden on 12/28/2012
Sometimes, taking a break from the
mainstream view of the world is healthy for our sheep-like tendencies to follow
the herd. To wit, Robert Shiller can't understand the enthusiasm for the
long-term recovery outlook of the housing market. With rentals rising and
home-ownership dwindling, Shiller, in this Bloomberg TV clip, questions the
positivity noting that the outlook
is 'fuzzy' at best ; and in fact in the short-term is negative as MoM things
have deteriorated modestly (though seasonally). He note that the focus has been
on multi-family residences and "if
you are sitting in a suburban single-family house - what is your outlook?
Highly uncertain - It's Risky!" And in one of the most prescient
comments of recent weeks, Shiller admits something that many others should try:
"[the outlook] could be up; but I don't see how anyone knows?" adding
that another plausible outlook
for the next five years is that "housing stays right where it is
now," adding that Zillow's 1.3% annual real growth expectation
could be too optimistic.
Submitted by Tyler
Durden on 12/28/2012
The U.S. federal deficit is now
exceeding $1 trillion dollars every year —up from $161 billion in 2007, the
last year before the financial crisis. Spending is up some $1 trillion, as
outlays for Social Security, Medicare, Medicaid and other entitlements have
increased by an amount equal to the entire 2013 military budget – a budget
which may again surpass the combined military expenditure of every other nation
in the world. U.S. unfunded liabilities are now estimated at between $50
trillion and $100 trillion and by the end of the decade (in less than just 7
years), runaway entitlement spending will require shutting down the military or
crippling many other vital domestic spending programs to head off massive
deficits that will likely lead to a dollar crisis and significant inflation. No
matter what deal is eventually agreed, whether before or after the new year, it
will at best nibble at the edges of the trillion dollar annual deficits that
are being piled up. While all the focus has been on the so called U.S. ‘fiscal
cliff’, amnesia has taken hold and many market participants have forgotten
about the far from resolved Eurozone debt crisis – not to mention looming debt
crisis in the UK and Japan.
Submitted by Tyler
Durden on 12/28/2012
While the US is caught in a rancorous
debate over allowing the government to define just what was and wasn't meant by
the Second amendment, and how best to limit it and give the government even
more powers, China is more focused on its version of the First. Because on
Wednesday we
reported that in its attempt to make the Internet "healthier, more cultured
and safer" and to curb what Chinese regulators dub "rumors and
vulgarity" it would pass a law making internet anonymity impossible. Sure
enough, said proposal has now been enacted into law, which just happens to also
ensure that the First amendment is never an issue China has to worry about. Per
Reuters: " China unveiled tighter
Internet controls on Friday, legalizing the deletion of posts or pages which
are deemed to contain "illegal" information and requiring service
providers to hand over such information to the authorities for punishment . The rules
signal that the new leadership headed by Communist Party chief Xi Jinping will
continue muzzling the often scathing, raucous online chatter in a country where
the Internet offers a rare opportunity for debate." So much for reform.
And so much for a democratic definition of what constitutes "illegal"
information. But fear not: like in China, once the various US amendments start
seeing encroaching government "redefinition" ultimately they it will
be the First's turn. Alas, by then it will be too late: any complaints
will by then be deemed " illegal " too.
Submitted by Tyler
Durden on 12/28/2012
Lawmakers,
Obama in last chance talks on "fiscal cliff" ( Reuters )
Obama Summons
Congress Leaders as Budget Deadline Nears ( BBG )
Hopes for
fiscal cliff deal fade ( FT )
Iran starts
navy drills in Strait of Hormuz ( Reuters )
Looming Port
Strike Deadline Pressures Obama to Intervene ( BBG )
Home Depot to
Lowe’s Busiest Season Threatened by Strike ( BBG )
'Whale'
Capsized Banks' Rule Effort ( WSJ )
China tightens
Internet controls, legalizes post deletion ( Reuters )
Goldman Sachs
Buying Japan’s Exporters on Abe Policy Bets ( BBG ) and preparing
one Goldman alumnus to take over the BOJ
IPOs Slump to
Lowest Level Since Financial Crisis After Facebook ( BBG )
Blackstone seen
sticking with SAC despite insider trading probe ( Reuters ) - what a
shock
Mistry at Tata
Helm as Investors Query $500 Billion Goal ( BBG )
High-Speed
Traders Race to Fend Off Regulators ( WSJ )
Submitted by Tyler
Durden on 12/28/2012
We could say that news is actually
relevant or matters in this "market" but we would be lying, just as
we would be lying if we said that this market has not become so utterly
predictable, with yesterday's late day market surge - on yet another ridiculous
catalyst - visible from so
far away , it was almost painful to watch it take place in real time. Sure enough,
futures are now sliding back, and giving back much of yesterday's gains - but
don't worry, in a day full of even more meetings and flashing red headlines, at
least some combination of carefully phrased MSM words will set off today's
algo-driven buying frenzy, guaranteeing yet another "retail investor"
decides they have had it with this farcical "free market" casino for
ever.
Submitted by Tyler
Durden on 12/27/2012
The death of the 'cult of
equities' was a popular topic this year among both fringe blogs
and the best-known institutional asset managers and sell-side strategists. As AP
discusses in this excellent article , ordinary Americans - defying decades
of investment history - are selling stocks for a fifth year in a row. It's the first time ordinary folks have sold during a sustained
bull market since relevant records were first kept during World
War II. The answer is both complex and simple but summed up best by a former
stock analyst's comment that in order to buy stocks "You have to trust your government. You have to
trust other governments. You have to trust Wall Street, and I don't trust any
of these." With Fed policy trying to force investors back into
stocks (at any cost), a former fund manager notes, presciently that, "When
this policy fails, as it will, baby boomers will pay the cost in their
401(k)s." Are we the new 'Depression Babies'? We suspect so.
Chicago reaches 500 homicides with fatal shooting AP
India gang-rape suspects to face murder
charges (CBS/AP) NEW DELHI -
Indian police charged six men with murder on Saturday, hours after a woman who
was gang-raped and beaten on a bus in New Delhi nearly two weeks ago died in a
Singapore hospital. { Clearly, says the california-american
jurist/jurisprudential scholar, this girl was not a victim but really ‘wanted
it’ and while she may have been screaming/saying ‘no’, she really meant ‘yes’
since otherwise her body wouldn’t have permitted that rape (and beating) to
happen. See … now that’s why we have professionally educated/trained judges …
to ‘split the pubic hairs’, so to speak … (that judge should be forced to step
down)} Calif. judge says a victims' bodies can
prevent rape CBS News SANTA ANA, Calif. A Southern California judge is being
publicly admonished for saying a rape victim "didn't put up a fight"
during her assault and that if someone doesn't want sexual intercourse, the
body "will not permit that to happen.” { Wow! Spoken like a true
california american jurist. Well, with violent rapes on the rise along with
other serious violent among other crimes in america and california
particularly, and elections being what they are, ‘might as well go with the
flow’ might have been the ratio-decedendi. After all, most violent criminals in
america are closet pacifists/peace corp members and if the body says yes or no
but the mind subconsciously says yes, only then will a rape happen (NOT!); and,
no violent rapist would let a LIVE/CONSCIOUS rape-resistor get in the way of
implicit consensual rape. Wow! I initially was going to quip, ‘he doesn’t get
out much’; but, maybe he just ‘gets out too much’. Wow! What more can anyone
say! [ If the foregoing didn’t make sense to you, that’s because the
californication judge’s outrageous statement is absolutely preposterous! ] }
Submitted by Tyler
Durden on 12/27/2012
Two interesting infographics were published recently that make it so easy
to see the decline of the West, even a caveman can do it. Both of these
infographics point to the same conclusion: the west is living far beyond its means and is struggling
with pitifully anemic growth. This is a long-term trend, and one that
is only going to accelerate. Yet as obvious as the indicators may be,
few people will actually do anything about it.
Submitted by Tyler
Durden on 12/27/2012
Just when you thought the seemingly
endless rabbit hole of Wall Street-Washington corruption, cronyism, co-option,
crime and kickbacks may have finally come to an end, here comes the House Ethic
Committee to pronounce that no
ethics breaches were found among House members in its investigation involving
the scandal surrounding Countrywide "VIP loans" and the "Friends
of Angelo ." And in just doing so, the House effectively cleared itself of any
wrongdoing and that's it, case closed - move along... Move along.
http://theeconomiccollapseblog.com
http://albertpeia.com/16bad2013.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/moretakersthanmakers.htm
December 27, 2012 http://gainspainscapital.com
http://albertpeia.com/screwturnsagainstus.htm
Government
Dependents Outnumber Those With Private Sector Jobs In 11 U.S. States
Economic
Collapse | America is rapidly becoming a nation of takers.
Fiscal cliff
deal could elude Congress
Jamie
Dupree | As the Senate returns to work on Thursday morning and President Obama
retuns early from a Christmas vacation in Hawaii, the latest five day break
from Washington, D.C. does not seem to have produced any way forward on the tax
and budget impasse known as the fiscal cliff.
Report:
$91 million spent on secret NSA tests probing domestic computer systems
The
Daily Caller | The National Security Agency is conducting secret tests on the
computer systems of U.S. private sector entities, including public utilities, a
CNET report revealed this week.
Social
Security Ran $47.8B Deficit in FY 2012; Disabled Workers Hit New Record in
December: 8,827,795
CNS
News | The Social Security program ran a $47.8 billion deficit in fiscal 2012
as the program brought in $725.429 billion in cash and paid $773.247 for
benefits and overhead expenses, according to official data published by Social
Security Administration.
Submitted by Tyler
Durden on 12/27/2012
This is how the corporate state
rolls. They remove all the important
stuff at the last minute, you know, like provisions that might actually protect
constitutional rights. This is exactly what they just
did with the NDAA. Repeat after me: Your Government Loves You . Now go
back to sleep.
Submitted by Tyler
Durden on 12/27/2012
A month ago, we showed
something disturbing : the weekly increase in savings deposits held at
Commercial banks soared by a record $132 billion, more than the comparable
surge during the Lehman Failure, the First Debt Ceiling Fiasco (not to be
confused with the upcoming second one), and the First Greek Insolvency. And
while there were certainly macro factors behind the move which usually
indicates a spike in risk-aversion (and at least in the old days was
accompanied by a plunge in stocks), a large reason for the surge was the
unexpected rotation of some $70 billion in savings deposits at Thrift
institutions leading to a combined increase in Savings accounts of some $60 billion.
Moments ago the Fed released its weekly H.6 update where we find that while the
relentless increase in savings accounts at commercial banks has continued,
rising by another $70 billion in the past week, this time there was no
offsetting drop in Savings deposits at Thrift Institutions, which also
increased by $10.0 billion. The end result: an increase of $79.3 billion in total saving
deposits at both commercial banks
and thrifts, or an amount that is only the third largest weekly jump ever
following the $102 billion surge following Lehman and the $92.4 billion
rotation into savings following the first US debt ceiling debacle and US
downgrade in August 2011.
Submitted by Tyler
Durden on 12/27/2012 - 16:49
The common feature of the transformative
technologies of the 20th and 21st centuries is that they were one-offs that
cannot be duplicated. What if the engines of
global growth that worked for 65 years (since 1945) have not just stalled but
broken down? The primary "engines" have been productivity gains
from industrialization, real estate development and expansion of consumption
based on the continual expansion of debt and leverage--in short-hand,
financialization. Doing more of what has
failed will only set up a grander failure as returns on
all our debt-based "investments" become ever more marginal and the
return on increasing complexity drops into negative territory. Once complexity
yields negative returns, the systems that depend on complexity quickly
destabilize and implode.
Submitted by Tyler
Durden on 12/27/2012
UPDATE: ES -7 after-hours from closing highs (McConnell-Off)
Equity markets started the day off
slowly but with confidence disappointing and Harry Reid's name-calling, not
even the arrival of the chosen one was enough to juice anything but a minimal
bounce in stocks. It looked like S&P 500 futures (ES) were going to retest
the flash-crash lows from last week but thanks to a well-timed piece of news
that Boehner will be in session on Sunday night (though no
accompanying notes on exactly what magical book of crap they will sign off - or
not - on) was enough to spur Johhny-5 and his friends into algo-asm action . The initial
jerk was perfectly to VWAP and the second jerk took AAPL up to yesterday's
closing VWAP. This strength dragged ES higher - reconnecting with a less excited risk-asset market that had
remained flat from the day-session open . FX and vol were
the main levers to the upside with Treasuries less enamored - though HYG was
lifted to fill Monday's gap . Mitch McConnell spoiled the party a
little into the unchanged close.
Submitted by Tyler
Durden on 12/27/2012
It appears that our
expectation for a 3:35 pm rumor was some 45 minutes too late. No
sooner than headlines crossed the wires that:
*U.S. HOUSE SAID TO PLAN 6:30 P.M. SESSION ON DEC. 30
*REPUBLICAN AIDE REPORTS FROM HOUSE MEMBERS' CONFERENCE
CALL
then stocks ramped instantly to their
VWAPs and beyond... efficient markets? whocouldanode? This way at least, when
nothing happens on Sunday night, as nothing will ( as it comes three days before Boehner's reelection ), the
flashbacks to the TARP 1 vote will be front and center, but the good news is
that the downside will be limited by the limit down barrier in ES.
Submitted by Tyler
Durden on 12/27/2012
For those who prefer to trade by looking
the rear-view mirror, December was looking like a bias-confirming
'Santa-Claus-Rally' month until just a few days ago. For the past 15 years,
S&P 500 futures have averaged a rather consistent trend 2% gain in December
and in the week leading up to Christmas, the S&P was holding up that plan
at +2.6%; but now, sadly, the
S&P is down for the month (underperforming the average by around 250bps) . Oh, well, we
hear there is a January effect to trade soon?
Submitted by Tyler
Durden on 12/27/2012
Those who read our article on
this topic at this time last week should already know the answer to
this rhetorical question. Everyone else may be a little surprised to learn that
at a time when every Primary Dealer's sales desk has been
pushing what little is left of gullible investors into stocks because the
" Great rotation out of bonds and into stocks is our Top trade of 2013 " (source:
[ every sellside strategist ]), just as these seem poised to tumble
in a recreation of the August 2011 debt ceiling fiasco (as we have been warning
for months), their holdings of these same boring old Treasurys once again rose
in the latest week ending December 19, increasing by another $10 billion, and hit a fresh all time gross high of $146 billion . Judging by
what is increasingly a rotation out of stocks and into bonds, the smart money - correction the
only money remaining - appears positioned correctly once again.
Remember: always do what they do, not what they say.
Submitted by Tyler
Durden on 12/27/2012
Update: the BLS
disclosed that it had to estimate the data for 19
states due to holiday office closures. Good enough for Ministry of Truth work.
In what is a traditional slowdown to the
layoffs season in the week leading into Christmas, initial unemployment claims,
dropped from an upward revised 362K (was 361K) to 350K, below a consensus print
of 360K, and the lowest seasonally-adjusted number in nearly 5 years. The
boost, of course, was all in the ARIMA X-12 seasonal adjustments, as the not
seasonally adjusted number rose by 39K to 441K. Although in a world in which
only Case-Shiller says to use its Non-Seasonally Adjusted print as a far more accurate
indicator of concurrent data, nobody cares about the BLS pre-adjustment data.
In fact, judging by the market response, nobody cares about BLS data anymore,
period, with absolutely no response by the market following the Claims print.
Perhaps the only realm, unfudged notable number was the jump in people claiming
claims at the State level, which soared by 71K in the week ending December 8,
to a 3.238MM total. This happened even the surge of those collecting EUCs
finally ended, with just 4K new collectors of EUCs and Extended Benefits. The
good news is that at least nothing is Sandy's fault, at least this week.
Submitted by Tyler
Durden on 12/27/2012
Been a while since we had some amusement
out of the Bazooko Circus known as Europe, which for the past month has gone
completely dormant, not because " it is fixed " but
because, just like in Japan where the JPY has plunged on expectations of an action by the BOJ, so Europe has
continued to benefit from the threat of the latest and greatest proposed ECB
intervention: the OMT, which on one hand keeps the vigilantes in check, but on
the other delays any painful reforms even as the underlying Spanish economy
continues to deteriorate without any real structural reforms: something which a
surge in rates would promptly precipitate (and once expectations turn to reality , it's all
over: just see the recent QE3 and QE4 attempts by the Fed). So speaking of
Spain, today's recap sentence of the day goes to Reuters' Julien Toyer with
the following : " Spanish
lender Bankia will wipe out 350,000 shareholders, many of them small savers
with little knowledge of financial markets, after it emerged it had a negative
value of 4.2 billion euros. " Now if only the Spanish wipe out
ended with Bankia's shareholders...
Submitted by Tyler
Durden on 12/27/2012
U.S. Family of
Mao’s General Assimilates, Votes for Obama ( Bloomberg )
Iron ore prices
hit eight-month high ( FT )... four
months after plunging and crushing iron ore miners
Obama seeks 60
Senate votes for cliff deal ( MarketWatch )
Need. Moar.
InfinitQEeee: Japan PM adviser urges unlimited BOJ easing, higher price goal ( Reuters )
Yen Touches
16-Month Low Versus Euro Before Japan CPI ( BBG )
China consumers
driving economic rebound ( Reuters ) - ot just
year end window dressing to accompany the new Politburo
Rajaratnam
agrees to pay $1.5 million disgorgement in SEC case ( Reuters )
France should
review 2013 deficit target with EU partners ( Reuters )
Monti-led poll
alliance takes shape ( FT )
Bersani wants
growth-oriented Europe ( FT )
12-26-12
It’s
Not a “Fiscal Cliff” … It’s the Descent Into Lawlessness
Posted by: George Washington
Post date: 12/24/2012
It’s Not a Tax or Spending Problem … It’s a Devolution Into Lawlessness
http://albertpeia.com/americasdescentintolawlessness.htm
{ That’s certainly been my direct experience; and I’ve been warning and
‘yelling from the rooftops’. Nobody listened! Now it’s time to pay the piper!
: Chief Justice John Roberts
Bowed To Political Pressure And Changed His Vote On Obamacare http://albertpeia.com/nolegalsystem.htm { The unfortunate reality is what I’ve
alluded to in the context of my own direct experience; viz., america’s ‘legal
system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws
to apply pressure, etc., and essentially run by the inmates of this collective
criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm … }
December 23, 2012
http://gainspainscapital.com
http://albertpeia.com/helicopterbenafraidof2013.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/agenda21ramdown.htm
http://endoftheamericandream.com
http://albertpeia.com/25factsmainstreammediahides.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/americasgoodbyetogoodlife.htm
Submitted by Tyler
Durden on 12/26/2012
On this lackluster Boxing Day dominated
by illiquid moves in every asset class, we thought a few succinct minutes spent
comprehending the US and European government policies of social welfare and
their outcomes was time well spent. Canadian MP Pierre Poilievre delivers a
rather epic speech destroying the myths of US and European 'wealth' noting that
"Once the US citizen is in debt, the US government encourages them to stay in debt ," noting
that "the US government encouraged millions of Americans to spend money
they did not have on homes they could not afford using loans they could never
repay and then gave them a tax incentive never to repay it." His message,
delivered seamlessly, notes the inordinate rise in the cost of all this
borrowing, adding that "through debt interest alone, soon the US taxpayer
will be funding 100% of the Chinese Military complex." From Dependence to
Debt to the Welfare State and back to Dependence, this presentation puts
incredible context on the false hope so many believe in the US and Europe. Everyone takes, nobody makes, work doesn't pay,
indulgence doesn't cost, money is free, and money is worthless. Must watch.
Home prices tick lower in October Marketwatch
Disappointing holiday sales dent retail stocks Marketwatch
Where
to put money in 2013 Marketwatch Many stock investors believe 2013 will be
their lucky year. But this bull market turns four in March, well past the
historical life span of U.S. bull runs. { Keep in mind, also, this was a
contrived, contra-indicated, unaffordably QE-fed bull(s**t) cycle in an
unequivocal secular bear market (and worse). }
US
Stocks Up With ‘fiscal cliff’ Talks to Resume
AFP | Stocks
slightly higher as Obama heads back from Hawaii.
Charity Begins
With Wealth Creation
John Stossel | Private
charity is unquestioningly better than government efforts to help people.
US Stocks
Slide on ‘fiscal cliff’ Concerns
AFP | With the
clock ticking, no compromise appears imminent.
U.S.
retailers see holiday sales weakest since 2008
Industry
Leasers | Despite huge lines recorded on Black Friday, the U.S. retailers
understood that Americans were not so keen on opening their wallets during the
2012 holiday shopping season.
Does
Libor Manipulation Deserve The Death Penalty?
Zero
Hedge | Bloomberg’s William Cohan released a provocative piece last night,
headlined by the even more provocative “UBS Libor Manipulation Deserves the
Death Penalty.”
Barack
Obama ‘eager’ to fall off fiscal cliff, says senior Republican senator
London
Guardian | Senator John Barrasso tells Fox News Sunday he thinks the president
is ‘eager to go off fiscal cliff for political purposes’.
Bah!
Humbug And A Happy Hyperinflationary Christmas To All
Zero
Hedge | There are, according to USA Today, 364 items that need to be purchased
to create the ultimate gift basket from the epic holiday song “The 12 Days of
Christmas”.
Submitted by Tyler
Durden on 12/26/2012
Perhaps one of the most startling and
telling charts of the New Normal, one which few talk about, is the soaring
difference between bank loans - traditionally the source of growth for
banks, at least in their Old Normal business model which did not envision all
of them becoming glorified, Too Big To Fail hedge funds, ala the Goldman Sachs
"Bank Holding Company" model; and deposits - traditionally
the source of capital banks use to fund said loans. Historically, and
logically, the relationship between the two time series has been virtually one
to one. However, ever since the advent of actively managed Central Planning by
the Fed, as a result of which Ben Bernanke dumped nearly $2 trillion in excess
deposits on banks to facilitate their risk taking even more, the traditional
correlation between loans and deposits has broken down. It is time to once again start talking about this chart
as for the first time ever the difference between deposits and loans has hit a
record $2 trillion! But that's just the beginning - the rabbit hole goes so
much deeper...
Submitted by Tyler
Durden on 12/26/2012
When Tim Geithner announced an hour ago
that the US debt ceiling will officially be " risen above " on December 31, he stated that
there are approximately two months in which the Treasury can take emergency
measures to delay the actual debt ceiling breach, a moment in time which we
believe will take place some time in March. Upon further reflection, with the
automatic spending cuts and tax hikes that will take place on January 1, the
irony is that the debt ceiling extension may last materially longer due to a
substantial reduction in the US budget deficit, potentially pushing the final
threshold to as late April or even May which means the political theater is
going to last for even longer than we expected - something which both parties
now appear set to capitalize on as much as possible. So the question now is
what are the options before Tim Geithner and what are the "emergency
measures" the Treasury take to delay the inevitable moment when one of
three things happens: i) the US hikes its ceiling, ii) the US begins living
within its means, iii) the US defaults on its debt. Since the third, and certainly
second are impossible, and since the debt ceiling theater is something we all
lived through as recently as 2011, here is the article we penned in January
2011, when that long ago debt ceiling of a mere $14.3 trillion was about to be
breached, and whose ultimate rise required a 20% market plunge together with an
S&P downgrade of the then pristine US AAA rating (an event which Tim
Geithner had said shortly prior there is no risk of ever occuring), answering
precisely this question.
Submitted by Tyler
Durden on 12/26/2012
Not surprisingly when wages and salaries
are growing at a slower rate there is a corresponding weakness in the level of
retail sales. The peak in wages and salaries occurred in early 2011 with
the subsequent growth rate trending weaker. This corresponds with the
economy which has continued to muddle along at a very anemic pace. While
it may be likely that the damage from Hurricane Sandy may have soured some
sales, particularly in the North East, it is unlikely to have had much of an effect
on the retail sales nation wide. For majority of America the "fiscal
cliff" debate largely goes unnoticed as it remains a battle
between the White House and the "rich" - for the rest
the country it is more of a distraction from the things that matter like "Honey Boo
Boo" and "Housewives Of Whereever" . What
does matter though, as stated above, are incomes. The decline in incomes,
which can be seen in the roughly 1.2 million person increase in food stamp
participation from June to September, is why retail "holiday" spending is
weaker. With credit limits reduced, incomes stagnant and real costs of
living on the rise - it is not surprising that retail sales are far weaker than
the NRF's holiday season predictions.
Submitted by Tyler
Durden on 12/26/2012
Just because the Fiscal Cliff was not
enough...
GEITHNER SAYS U.S. WILL REACH STATUTORY DEBT LIMIT ON
DEC. 31
GEITHNER: WILL USE `EXTRAORDINARY MEASURES' TO AVOID DEBT
LIMIT
TREASURY: SPECIAL MEASURES TO MAKE $200 BLN ROOM
UNDER LIMIT
GEITHNER: $200 BLN TO LAST TWO MONTHS IN `NORMAL
CIRCUMSTANCES'
GEITHNER: TAX, SPENDING `UNCERTAINTY' MAKES DURATION NOT
CLEAR
GEITHNER SAYS ALL MEASURES HAVE BEEN USED IN PRIOR
IMPASSES
GEITHNER OUTLINES PLANS IN LETTER TO SENATE MAJORITY
LEADER
So since America's dysfunctional
congress failed to " rise
above " the Fiscal Cliff, it at least succeeded to " rise above " the debt ceiling. One out
of two is not too bad...
Submitted by Tyler
Durden on 12/26/2012
Despite the fact that Europe was closed
today, the algos were not to be put off as the day broke beautifully into two
pieces with a linear sell-off across assets into 1130ET and then a
de-correlated nothing-burger all afternoon amid volumes lower than a CNBC
anchor's IQ. Makes perfect sense right? The market dribbled higher off the lows
into the close and then we got a little discombobulated in the last few minutes
as Boehner rumors hit and ETFs (notably bonds - TLT) went a little jiggy. VIX
remains bid (as we have been so clear to explain why) and while stocks weakened
today, risk-assets in general were just not moving much - thanks generally to Oil's 2.75% gain offsetting Treasuries modest risk-off
view . HYG (the high-yield bond ETF) went vertical into the close (following
TLT's lead) but between negligible volumes and desparate attempts to pull
any and every lever (EUR early and HYG late) to get things going, VIX's message is stay hedged into the new year (at 5-month
highs with biggest 5-day jump in 7 months). S&P 500 futures closed the
day-session at the low-end of the channel post last week's flash crash.
Submitted by Tyler
Durden on 12/26/2012
Spoiler alert: no compromise here. But at least there are
3 more trading days left... including December 31.
Submitted by Tyler
Durden on 12/26/2012
To understand this endgame, we need to
start with the financial and political
basics of wealth and power in the U.S. Put these nine structural
dynamics together and the endgame becomes clearly visible: Politically , a Tyranny of the Majority comprised of
those who draw direct transfers/benefits from the Federal government, is ruled
by the top half-of-1% financial aristocracy who own the majority of
income-generating assets. The minority, who pay most of the taxes (the
24.5% between the majority and aristocracy), will see their taxes rise as the
aristocracy buys loopholes and exclusions while the bottom 50% pay no income
tax. Financially , the Federal
government’s spending has outrun the tax revenues being collected.
Structurally, Federal expenditures for entitlements (Medicare, Medicaid, Social
Security, Veterans Administration, etc.) will rise as Baby Boomers retire en
masse over the next 15 years, while tax revenues will stagnate along with
earned income. There is no
way to square these circles. What few dare admit, much less state
publicly, is that the Constitutional limits on
the financial Aristocracy and the Tyranny of the Majority have failed .
Submitted by Tyler
Durden on 12/26/2012
Just as we warned in our
previous discussion , the Brits, concerned that the dreaded Piers Morgan may
be forcefully removed from the USA, have now lodged their own petition. With
over half the signatures required,
the counter-petition ... "We got rid of him once and
why should we have to suffer again. The Americans wanted him so they should put
up with him. We washed our hands of him a long time ago." They do have a
point. We hear Belize has a quietly-used compound going cheap?
Submitted by Tyler
Durden on 12/26/2012
Over the last few years, and at an
increasing pace as of more recently, unions have become more and more confident of their ability to effect
change and taken much more aggressive activist positions against the
capitalist oppressors . The most recent examples range from California cities
to Twinkies-maker Hostess Brands, and each time the stance from the unions
appears to have been far more aggressive (and M.A.D. prone) than in the past.
The question is why? Perhaps, as we tweeted following Hostess' liquidation:
Will the broke PBGC step in and fund Hostess' 18,000 workers suddenly
vaporized pensions?
...It is the confidence of an
all-powerful government at their back with the US Pension Benefit Guarantee
Corporation, which is the backstop for private sector plans, providing cover.
The problem is, as UBS explains, the PBGC has a huge deficit and is cashflow negative . This leads us
to the uncomfortable expectation of further USD government support (bailout)
or a more direct monetization by the Fed . PBGC could be impacted severely
if a few large firms terminate their pensions. In this case, UBS expects PBGC
to sell equities and buy long duration fixed income.
Submitted by Tyler
Durden on 12/26/2012
By the Deceptive means of Misinformation
and Manipulation of economic data the Federal Reserve has set the stage for
broad based moral hazard. Through Distortions caused by Malpractice and
Malfeasance, a raft of Unintended Consequences have now changed the economic
and financial fabric of America likely forever. The Federal Reserve policies of
Quantitative Easing and Negative real interest rates, across the entire yield
curve, have been allowed to go on so long that Mispricing and Malinvestment has
reached the level that markets are effectively Delusional. Markets have become
Dysfunctional concerning the pricing of risk and risk adjusted valuations. Fund
Managers can no longer use even the Fed's own Valuation Model which is openly
acknowledged to be broken.
Submitted by Tyler
Durden on 12/26/2012
Grand Bargain
Shrinks as Congress Nearing U.S. Budget Deadline ( BBG )
Budget Talks
Cloud Outlook ( WSJ )
Obama to cut
vacation short to deal with fiscal crisis ( Reuters )
Stop-gap fix
most likely outcome of "fiscal cliff" talks ( Reuters)
Aso Named
Japan’s Next Finance Chief as Abe Primes Fiscal Pump ( BBG )
Aluminum Glut
No Bar to Gains as Barclays Says Sell ( BBG )
Morsi signs
controversial charter into law ( FT )
Children, many
ill, would be victims of Russia ban on U.S. adoption ( Reuters )
Turkey Central
Bank Unveils New Tool to Limit Bank Debt Risk ( BBG )
Refi Program
Expansion Eyed ( WSJ )
India Joins
Indonesia Facing Heightened Policy Dilemma ( BBG )
12-24-12
Submitted by Tyler
Durden on 12/24/2012
Obviously I don’t want to conflate
complex issues of foreign policy and war with the Sandy Hook shooting, but it
is important to make the broader point that our federal government has zero
moral authority to legislate against violence. Furthermore, do we really want
to live in a world of police checkpoints, surveillance cameras, metal
detectors, X-ray scanners, and warrantless
physical searches ? We see this culture in our airports: witness
the shabby spectacle of once proud, happy Americans shuffling through long
lines while uniformed TSA agents bark orders. This is the world of government provided
"security," a world far too many Americans now seem to accept or even
endorse. School shootings, no matter how horrific, do not
justify creating an Orwellian surveillance state in America. Do we really
believe government can provide total security? Do we want to
involuntarily commit every disaffected, disturbed, or alienated person who
fantasizes about violence? Or can we accept that liberty is more
important than the illusion of state-provided security? Government cannot
create a world without risks, nor would we really wish to live in such a
fictional place. Only a totalitarian society would even claim absolute
safety as a worthy ideal, because it would require total state control over its
citizens’ lives. We shouldn’t settle for substituting one type of
violence for another. Government
role is to protect liberty, not to pursue unobtainable safety.
Submitted by Tyler
Durden on 12/24/2012
For the time being, the silver price is
essentially set in the paper market where the daily average trade on the Comex
is approximately 300 million ounces. An outrageous number when you compare it
to the daily mine production of about 2 million ounces. As Bart Chilton,
Commissioner of the Commodity Futures Trading Commission stated on October 26,
2010, “I believe there have been repeated attempts to influence prices in
silver markets. There have been fraudulent efforts to persuade and deviously
control that price. Based on what I have been told and reviewed in publicly
available documents, I believe violations to the Commodity Exchange Act have
taken place in the silver market and any such violation of the law in this
regard should be prosecuted.” Which brings us back to the phrase “Follow the
money.” In our view, it is almost inconceivable that investors would allocate
as many dollars to silver as they would to gold, but that is what the data
shows. The silver investment market is very small. While the dollar value of
gold in the world approaches $9 trillion, the value of silver in the forms of
jewelry, coins, bars and silverware is estimated at around $150 billion (5
billion ounces at $30 per ounce). This is a ratio of 60:1 in dollar terms. How
long can investors continue to buy silver at the current ratios when the
availability for investment is only 3:1? We are surprised that the price of
silver has remained at such a depressed level compared to gold. Historically,
the price ratio between gold and silver has been 16:1, when both were
currencies. Today the ratio is 55:1, so what are the numbers telling us? We
believe this is one of those times when smart investors will be well rewarded
to “Follow the money.”
Submitted by Tyler
Durden on 12/24/2012
Equity futures closed at their lows
(after cash ended nearer its highs) amid deathly quiet volume with VIX at 6
week highs and HYG underperforming. Much was made Friday about the
compression in VIX from its early spike highs - with those that have the
microphones explaining how this must be a bullish sigh - surely, and that this
also means the cliff resolution is merely hours away. Unfortunately, as we
noted at the time, both VIX's behavior (and the reality of our politicians)
means that resolution is nowhere near (and the options market remains priced
for more pain). In fact the rolling
of hedges in VIX futures (and Friday's quad-witching) almost
forced spot VIX to drop; today we see spot VIX rising (towards its now
anchored January futures levels) and still pointing to significantly more
'concerned' pricing than the market would suggest. We go back to what we have
been saying - managers know that selling
down their exposure into this thin market creates a bid vacuum (a la Thursday's
flash-crash) and so bidding option protection is the only way to survive (meanwhile
dribbling down the underlying exposure). During this holiday week, with its low
volumes, it would surprise us to see VIX rising further as algos take advantage
of low volumes to tickle stocks higher - but the vacuum underneath grows larger by the day.
Submitted by Tyler
Durden on 12/24/2012
Zimbabwe's hyperinflation, courtesy of
one Gideon Gono - the brilliant man behind such grand monetary experiments as
QE and its offshoots throughout the developed world - and numerous one hundred
trillion dollar Zimbabwe dollar bills, may have come and gone, and the country
may no longer have a functioning currency of its own, but it certainly has the
aftermath of the most recent episode of modern-era monetary hyperinflation to
contend with. And with the holidays here, AP provides a very bleak snapshot of
what the country which currently has an 80% unemployment, has to look forward
to. Zimbabweans are facing bleak holidays this year amid rising poverty, food
and cash shortages and political uncertainty, with some describing it as the
worst since the formation of the coalition government in the southern African
nation.... Banks have closed, ATMs
have run out of cash and transport services have been paralyzed ." It gets
worse: " Zimbabwe's unemployment is
pegged at around 80 percent with many people in Harare, the capital, eking out
a living by selling vegetables and fruits on street corners ." And all
of this is after the massive economic imbalances in Zimbabwe's economy should
have been "fixed" (or so conventional economic theory would have one
believe) courtesy of hyperinflation, which left any savers in tatters,
destroyed the value of the old currency, benefited solely debtors but
also allowed a fresh start to a government, which could only remain in power
due to a violent power grab by the democratically elected-turned-dictator
Robert Mugabe.
Submitted by Tyler
Durden on 12/24/2012
Sometimes it takes 60
pages to describe where we have been this year ; on other
occasions it takes 28
pages to describe where we are going and why . However, BBVA (via Constantin
Gurdgiev's True Economics ) have managed to condense the state of risk in our global markets down to seven critical
dimensions (and into one table) . From Macro (GDP and inflation) to
Fiscal, Liquidity, and Credit Growth, the following matrix is your must-have guide for this
new-year's cocktail party circuit. You're welcome...
Submitted by Tyler
Durden on 12/24/2012
Bloomberg's William Cohan released a provocative
piece last night , headlined by the even more provocative "UBS Libor
Manipulation Deserves the Death Penalty." We can only assume that Cohan is
being metaphorical - after all, despite the rare occasional recent criminal
charge no one has still gone to
prison for the biggest coordinated manipulation of a benchmark
fixed income market for years: something previously relegated to the fringes of
crackpot conspiracy theories - after all, so many people were in on it, how can they possibly all
keep their mouths shut - you know, the usual excuse against
massive conspiracy theories, at least until they become conspiracy fact . Yet one
wonders: will current and future ongoing market manipulations ever cease when
there is no real deterrent: after all spending a few years in jail is
certainly worth a few million in ill-gotten proceeds , even assuming
the termination of a career in finance. Is Cohan being rhetorical? Or has the
time for some true vigilante justice finally come? Because in a world
increasingly best portrayed by the 2009 movie "The International"
where one has to "go outside" a captured legal system to get real justice,
is vigilantism eventually coming to every town near you, once the money
illusion ends? And a bigger question - is this the main preemptive reason
for the gun control push seen so vividly in recent days and months?
Submitted by Tyler
Durden on 12/24/2012
There is much debate whether when it
comes to the total notional size of outstanding derivatives, it is the gross
notional that matters (roughly $600 trillion), or the amount which takes out
biletaral netting and other offsetting positions (much lower). We explained previously
how gross is irrelevant... until it is, i.e. until there is a breach in
the counterparty chain and suddenly all net becomes gross (as in the case of
the Lehman bankruptcy), such as during a financial crisis, i.e., the only time
when gross derivative exposure becomes material (er, by definition). But a
bigger question is what is the actual
collateral backing this gargantuan market which is about 10 times
greater than the world's combined GDP, because as the "derivative"
name implies all this exposure is backed on some dedicated, real assets,
somewhere. Luckily, the IMF recently released a discussion note titled
"Shadow Banking: Economics and Policy" where quietly hidden in one of
the appendices it answers precisely this critical question. The bottom line: $600 trillion in gross notional derivatives backed by a
tiny $600 billion in real assets : a whopping 0.1%
margin requirement ! Surely nothing can possibly go wrong with this amount
of unprecedented 1000x systemic leverage.
Submitted by Tyler
Durden on 12/24/2012
Global Currency
Tensions Rise ( WSJ ) - in other
words, when everyone eases to
infinity, nobody eases
EU to give
Spain, France more time to cut deficit ( Reuters ) - But not
because their economies are not "recovering" fast enough, oh no.
As we expected,
Grupo Bimbo considering a bid for Hostess' snack cakes and bread brands ( NY
Post )
Time for
bus-control: Eleven children killed in latest Chinese bus crash ( Reuters )
Greece Should Write
Off Billions of Overdue Taxes, Report Says ( BBG ) - not all
taxes in perpetuity?
India clamps
down on gang-rape protests, PM appeals for calm ( Reuters )
But Meredith
Whitney said... Push for Cheaper Credit Hits Wall ( WSJ )
For Greece,
last major austerity package, says eurozone official ( Kathimerini )...
"unless there is another one"
Americans Miss
$200 Billion Abandoning Stocks ( BBG ) ... and two
flash crashes... and $15 trillion in artificial central bank props
Goldman Sachs
Takes Long View Over Payouts ( FT )
Cliff Would
Strike Low Incomes Hard ( WSJ )
Afghan
policewoman kills US police adviser ( AP )
For Sale in
Japan: Electronics Assets ( WSJ )
Submitted by RANSquawk
Video on 12/24/2012
Submitted by Tyler
Durden on 12/23/2012
Presented with little comment.
Submitted by Tyler
Durden on 12/23/2012
We have a new era dawning in Global
Monetary policy. It is a new day with the monetary skies already red. Within 90
days the captains of monetary
policy have steered the world into uncharted waters and on a course that
history warns us against . Federal Reserve: QE3
"Unlimited" and QE4 within 90 days, ECB: OMT "Uncapped",
BoJ: QE 10 and the newly elected Prime Minister Abe's mandate for
"Inflation at any cost" BoE: UK's newly appointed BoE Governor, Mark
Carney's Monetary Evan Rule targeting. These untested and newly
commissioned captains all have PhD's from the finest Economic schools in the
world, but they clearly have not studied nor grasped the key lessons of
history. To any sane person, who
has a grasp of what is presently occurring, it is obvious that the current
state of affairs is unsustainable. The question is how long can the
Monetary Captains' misguided policies keep us off the shoals of our economic
destruction. How long can policies of "Extend and Pretend", Kick the
Can Down the Road" or "Fake it Until You Make It" continue? The
answer is likely unknowable, the certainty
of it ending badly is not.
12-21-12 Dave’s Daily: http://www.etfdigest.com ‘FAILURE OF
LEADERSHIP 12-21-12 The day is not done in
this area of the world but from what I can tell the planet survived the Mayan apocalypse.
The same can’t be said for fiscal cliff negotiations. Boehner’s “plan B” never
got to vote since it didn’t have the votes. Republicans just don’t want to be
accused of raising taxes especially when there aren’t any serious spending cuts
in the mix. It’s just that simple really. The baton was passed to Harry Reid
who just couldn’t grasp it knowing they were ill-prepared for any plan to vote
for or against.On the one hand it’s good there are disagreements since you
wouldn’t want anything rammed down the people’s throat without discussion. At
the same time the WH and congress have had plenty of time to discuss things
since Simpson-Bowles. That report was promptly put in the dumpster. It should
have gotten a vote but none of the parties wanted to touch it. Therein is the
shame of it all. So a pox on their houses! Now the parties will leave on holiday which shouldn’t be permitted given
their failures. But who’s to stop AF One and others from hightailing it? Not a
soul. Meanwhile, Bernanke & Co will keep the money printing presses running
should the cliff result in a disruption. The only problem there is running out
of ink. Stock markets
sold-off hard (futures limit down overnight) on the news but, for the most
part, still are clinging to gains on the week. Leading stock sectors lower came
from across a wide spectrum. Bonds (TLT) were higher. The dollar (UUP) was
stronger on a (cough) flight to quality while gold (GLD) oddly rallied
modestly. Commodities (DBC) were flat overall while basic metals (DBB) rallied
slightly. To complicate
matters Friday was quad-witching meaning spooky things can occur with prices
manipulated by odd mechanical objectives (option strike prices, expirations and
so forth) having nothing to do with basic investment practices. Obscured by the theatrics were some
mixed economic data. Durable Goods Orders rose (.7% vs .5% expected & prior
revised higher to 1.1%) while ex-Transportation (1.6% vs .2% expected &
prior 1.9%). Personal Income rose (.6% vs .3% expected & prior .1%) while
Spending rose (.4% vs .4% expected & prior 1.2%). Both these data points
were heavily influenced by Hurricane Sandy it’s said. University of Michigan
Consumer Sentiment weakened (72.9 vs 75 expected & prior 74.5). Overseas news featured an expected
resignation from Italy’s Monti. In the UK GDP worsened (.9% vs 1% expected)
while the BOE wants banks to raise their reserve requirements which logically
would reduce lending. Volume on this pre-holiday week of trading (along
with quad-witching) was heavy. Breadth per the WSJ was quite negative…’
Submitted by Tyler
Durden on 12/21/2012 75
Economic Numbers From 2012 That Are Almost Too Crazy To Believe Snyder http://albertpeia.com/75terribleeconomicnumbersof2012.htm
What a year 2012 has been! The
mainstream media continues to tell us what a “great job” the Obama
administration and the Federal Reserve are doing of managing the economy, but
meanwhile things just continue to get even worse for the poor and the middle
class. Right now we are living
in a bubble of debt-fueled false prosperity that allows us to continue to
consume far more wealth than we produce , but when that bubble bursts we
are going to experience the most painful economic “adjustment” that America has
ever gone through. We need to be able to explain to our fellow Americans
what is coming, why it is coming and what needs to be done. Hopefully the
crazy economic numbers that we have included in this article will be shocking
enough to wake some people up.
Submitted by Tyler
Durden on 12/21/2012
It seems left, right, and center we hear
that fundamentals are currently supportive of equities. However, dismal
earnings outlooks (and historicals) aside, we have seen the current pattern of macro-economic data
'outperforming' economists' expectations while stocks don't appear to fully
play along before - it was mid-2008 . As is clear from the chart
below, the rapidity of the collapse in macro data should be greatly concerning
to any and all who think there is even a possibility we go over the cliff - as,
for sure, economic expectations are not priced for that at all (and stocks for
at worst a modest macro weakening only).
Submitted by Tyler
Durden on 12/21/2012
Following Part
1 (History) , and Part
2 (Interventionism) , Part 3 provides a more technical look at the key features of the unadulterated gold standard . It
could be briefly stated as a free market in money, credit, interest, discount,
and banking. Another way of saying it is that there would be no confusion of money (i.e. gold) and credit (i.e. paper) . Both
play their role, and neither is banished from the monetary system. There would
be no central bank with its “experts” to
dictate the rate of interest and no “lender of last resort” . There
would be no Securities Act, no deposit insurance, no armies of banking
regulators, and definitely no bailouts or “too big to fail banks”. The government
would have little role in the monetary system, save to catch criminals and
enforce contracts.
Submitted by Tyler
Durden on 12/21/2012
On December 20, 2012, there was an Event in the eMini futures at 20:18:40
ET. The data exhibits many hallmarks of a HFT (High Frequency Trader) market
maker absorbing sell orders up to their limit, and then turning around and
dumping those contracts as fast as possible. Exactly what happened in the Flash
Crash on May 6, 2010 ( this documentary on youtube has a great
explanation). Only in this case, the original seller appears to be much more
aggressive than Waddell & Reed's algorithm. The drop came in 2 seconds, and halted trading for 10
seconds. The flash crash halted eMini trading for just 5 seconds. A mere 10,000
contracts (or $700mm notional) was enough to do all that damage - enjoy.
Submitted by Tyler
Durden on 12/21/2012
While everyone is hypnotized by the
melodramatic theater in D.C., it is worth reminding readers just what the one most important statement so far uttered
by anyone on the topic of the Fiscal cliff is. That statement belongs to
Chairman Bernanke, it was uttered during the December 12 Fed press
conference when QE4EVA was announced, and is his response to Peter
Cook from Bloomberg TV who asked " if the policy makers were not to
agree to some sort of deficit deal by the end of this year and we were to go
over the fiscal cliff, that the size of these asset purchases could indeed grow in response to that ? ' Bernanke's
response: "if the economy actually went off the fiscal cliff, our
assessment, the CBO’s assessment, outside forecasters, all think that that
would have very significant adverse effects on the economy and on the
unemployment rate. And so, on the margin, we would try to do what we could. We would perhaps increase a bit ." And
there you have it, and there goes any sense of urgency, at least until the real
deadline in late March, when the Treasury will have tapped out the G-fund and
can't extend the debt ceiling any more.
"Get to work, Mr. Chairman."
Submitted by Tyler
Durden on 12/21/2012
We are now approaching the fourth
Christmas of the great debate between the benign supporters of Santa Keynes and
the walnut-hearted acolytes of the Hayekian Grinch. Or at least that’s how
Keynesians seem to see it. Far
from being a success, Keynesian policies have retarded recovery and extended
the downturn, just as they did in the 1930s and the 1970s . They’re the
“moral” policy present that keeps on taking, supported by those who claim that
their opponents have hearts “two sizes too small.”
Submitted by Tyler
Durden on 12/21/2012
This manipulated market has become so
predictable a blind, retarded monkey with a dartboard should have made enough
money by now to retire 3 lifetimes over.
From 9:39 am:
@SpecSitInvestor we may well close >1% when the Fiscal Cliff deal
rumor hits at 3:30pm
Sure enough, at 3:19 pm:
White House Said to Consider Smaller Fiscal Cliff Deal:
Politico
And cue melt up.
Submitted by Tyler
Durden on 12/21/2012
There are a plethora of reasons
underpinning the fact that manufacturing jobs are not coming back to the USA.
Perhaps the simplest is purely economic. As McKinsey notes in a recent report, manufacturings' role in job creation shifts over time as
manufacturing's share of output falls and as companies invest in technologies
and process improvements that raise productivity. A critical finding is that as
manufacturing's share of national output falls, so does its share of employment
- following the inverted 'U' curve below. Manufacturing job losses in advanced economies have been concentrated
in labor-intensive and highly tradable (read globalizable) industries such as
apparel and electronics assembly. Thanks to the increased productivity and a 'high' credit-enabled standard-of-living, the US has
simply priced itself out of the global manufacturing business (and so is
China as its GDP per capita rises). Unless Americans are willing to put the
twinkie (and iPad) down, those jobs will continue to bleed overseas (to India
based on the chart below) building the ever-more self-fulfilling vicious circle
of a nation dependent on state-aid to survive as only the 'unlucky' few remain
employed.
Submitted by Tyler
Durden on 12/21/2012
The rumors have been flying around all
morning, but now it's news...
ITALY PRIME MINISTER MONTI RESIGNS, PRESIDENT SAYS
Italian credit spreads leaked wider all
morning and EURUSD lower though the correlation to losing a technocrat is
perhaps a stretch. And so the great "Mark-to-Monti" Goldman
rotation (as
described previously ) is complete, with Goldman losing a technocratic
scribe, who is no longer needed thanks to yet another Goldmanite now in charge
of the ECB, but far more importantly, Goldman has now gained control over that
most prized of central planner jewels: the Bank of England.
Submitted by Tyler
Durden on 12/21/2012
Facing reality is positive. That's the upside to the fiscal cliff. The last
decade's fantasy that we could borrow our way to prosperity while lowering
taxes on upper-income earners (because it's so cheap to borrow trillions at
near-zero interest rates) is finally running into reality-based resistance.
Submitted by Tyler
Durden on 12/21/2012
First gun sales soared , then Wal-Mart
ran
out of guns , then parents, stunned by the popular response in the
aftermath of the Newtown mass murder which saw the White House threaten to curb
the Second Amendment and lead to an even more unprecedented scramble for guns
and ammo, and seeing nothing but confusion (but lots of bickering meant to
extract nothing but political brownie points) out of the government instead of any
hope of actual protection, decided it was time for some vigilante
protection. The end result: sales
of bulletproof backpacks have soared, with sales exploding as much as 500%
since Friday. And since the white line from a defensive to an offensive
posture is very thin, it is likely only a matter of time before we get the
first media report of a 6 year old armed with a 44 caliber during recess.
Submitted by Tyler
Durden on 12/21/2012
While Italian and Spanish sovereign
bonds weakened notably today, the equity markets across Europe decided that the
limit-down move in US futures was a storm in a teacup and ignored
it. EURUSD has broken its inexorable 10-day linear ramp leaving the USD almost
perfectly unchanged on the week. Italy and Spain equity indices are up 2.6% and
3% respectively while Italian and Spanish bond spreads are around 16bps
tighter. Rather like what we witnessed this week in the US, Europe's VIX exploded today (biggest jump since July) as
protection was sought in a hurry but the underlying indices did not drop
as (just like over here) they are simply too illiquid to cope with the kind of
selling that is desired. This leads to the game-theoretical first-mover
dilemma - and the preference was to hedge via bonds, FX, and options as Europe
closed - because think of the
optics if Spanish stocks were to fall? Spot The Odd
Market Out!
Submitted by Tyler
Durden on 12/21/2012
After theatrically soaring to a 5 year
high in November, when the UMich confidence final print rose above the 82
level, the final UMich consumer confidence number just tumbled by a whopping 10
point down to 72.9, well below the expected 75.0 print, and below the
preliminary read of 74.5. This was the biggest percentage slide since February
2007. So much for the great pick up in confidence, driven by the foreclosure
stuffed subsidized "recovering" housing market. Perhaps it's time to
get a seasonally adjusted confidence number?
Submitted by RANSquawk
Video on 12/21/2012
Submitted by Tyler
Durden on 12/21/2012
This is signal,
the rest is noise: Russia's Putin set for stand-off with EU on Syria, energy
(Reuters )
Boehner's
Budget 'Plan B' Collapses ( WSJ )
Boehner has few
options in "fiscal cliff" mess ( Reuters )
Maya "end
of days" fever reaches climax in Mexico ( Reuters )
Monti Praised
by Merkel Favored Less by Taxed Italians ( BusinessWeek )
China probes
Yum Brands' KFC over safety of chicken productsa ( Reuters )
Looting in
Aregentina: 400 Border Guard officials deployed to Bariloche over looting ( BAH )
Regulatory
'Whale' Hunt Advances - Comptroller Expected to Take Formal Action Regarding
JPM's Trading Fiasco ( WSJ ) - but no
punishment
U.K. Banks Seen
Sacrificing Lending to Meet BOE Demand ( Bloomberg )
US banks face
rise in bad loans cover ( FT )
Daily Gun
Slaughter in U.S. Obscured by Newtown Rampage ( BBG )
China Restricts
Bond Sales by Risker Companies ( BBG )
12-20-12 Dave’s Daily: http://www.etfdigest.com ‘ “THE END IS NEAR” – FISCAL CLIFF 12-20-12
Well, that’s what we’re told anyway.
Tomorrow is the Mayan doomsday prophecy and/or perhaps a fiscal cliff deal. I
believe Obama was slated to leave for a Hawaiian holiday, but that may be
postponed.The Executive branch and the Senate and House of Representatives each
has a role to play in the budget process. The congress is divided. Compromise
is the only solution as in, “I’ll give you X and you give me Y”. This is the
way it should go but the House and WH are wide apart with only some give around
the edges. The House Speaker, John Boehner, through a bill is publicly putting
his side’s agenda to a vote. So that’s a marker from which to negotiate
theoretically. And, yes, the Senate will not take up the bill if passed so as
not to legitimize it.Perhaps by the time you read this the world will have
ended making this analysis moot.Jobless Claims rose (361K vs 359K expected
& prior revised higher to 344K). The previous lower report may have been an
outlier. The average for 2012 is demonstrated below and this report remains
near the average.
http://albertpeia.com/daveschart122012no1.gif
GDP final Q3
data was at 3.1% which was greater than prior estimate of 2.7%. Under the hood,
nearly half the annualized growth was from government (.75%) and inventories
(.73%). Personal Consumption rose 1.12% but below previous estimates of 1.42%.
Q4 estimates are averaging only 1%. Below is a graph from the BEA.
http://albertpeia.com/daveschart122012no2.gif
Philly Fed
Survey rose (8.1 vs -2 expected & prior -10.7) while Existing Home Sales
rose 5.9% (5.04M vs 4.94 expected & prior 4.76M). Both were excellent
reports with the latter in complete contrast to Monday’s Empire State Index
(-8.1). So we’re left to scratch our heads.Stocks were flat earlier and then
rose once Speaker Boehner said he’d still be negotiating with the president
once his bill has passed. This caused stocks to rally modestly. But then leader
Harry Reid adjourned the Senate with the intention of reconvening December 27 th for another round of the
mini-series. Basically Reid & Co are just the closing act anyway but there
won’t be a deal before Christmas it seems.The bigger news is the ongoing
sell-off in precious metals. Some are finding explanations difficult but it
seems it involves two basic issues: hedge fund redemptions and sector rotation.
With the former heavy selling it feeds on itself triggering stops and more
selling. We won’t know the seriousness of it until January frankly. Gold (GLD)
and silver (SLV) are leading metals lower. In sympathy copper (JJC) has also
been driven lower. Frankly with the dollar (UUP) falling and central banks in
full money printing mode, commodities and precious metals should be soaring.
Financials (XLF) (KBE) and real estate REITS (IYR) (RWX) led the way higher.
Bonds (IEF) were stronger while commodities (DBC) were weaker. Naturally
financials were helped by the ICE takeover of the venerable NYSE. The buyer
liked the brand and possibly their HFT center which accounts for most of the
volume these days.Volume was modest while breadth per the WSJ was positive…’
http://theeconomiccollapseblog.com
http://albertpeia.com/75terribleeconomicnumbersof2012.htm
December 20, 2012 http://gainspainscapital.com
http://albertpeia.com/fiscalclifffailure.htm
Submitted by Tyler
Durden on 12/20/2012
No, really, there is a big, huge, massive rotation out of
those dangerous, inflationary bonds into safe, predictable equities...
Submitted by Tyler
Durden on 12/20/2012
Forget what you are told by various
European officials. Ignore the endless parade of manipulated market savants who
'see' sovereign spreads falling and claim that indicates all is well in Europe.
To truly understand the situation, watch this must-see documentary from the
BBC's Paul Mason on the rise and fall of Spain. From dictatorship to democracy and from construction boom
to economic bust , Mason pulls no punches in this down-to-earth realization
that things are far worse than any 'market' would suggest. It is critical to
understand that free markets are the stick (or carrot
depending upon your style of vigilantism) to incent
governments to be proactive . With the very visible hand of ECB-funded
banks bailing one another out,
all the politicians are doing in this 'lull' is nothing at all! Instead, the
watchers (and prognosticators) simply observe the market and their bias is to believe that they 'fixed' it . This
documentary will explain why that is absolutely not the case.
Submitted by Tyler
Durden on 12/20/2012
Confused by what is about to take place
amid the loud noise, political posturing and rhetoric that as soon as tomorrow
will hit an unseen before level as Obama's plan to split the GOP has worked so
well it has completely backfired and thrown any game theoretical
forecasts out of the window? Here is Goldman's fiscal flowchart, which is not
for faint of heart, as ever more signs point to the box with the all caps
"recession" written all over it.
Submitted by Tyler
Durden on 12/20/2012
A mere
7 hours ago in "Just in case there is no deal" as is now the
case, we noted that there was a considerable divergence between the equity
market's roiling exuberance (and the accompanying over-confidence of the naive
watchers) and the occurrences in the implied volatility world. VIX had
decoupled rather notably from stocks (and its term structure had flattened as
short-term protection was heavily bid). Sure enough, at the first sign of
things not quite going to Plan (A, B, or Z), equity futures have collapsed amid a total farce of a
market liquidity to recouple with volatility . With
quad-witching tomorrow, we can only imagine the efforts the algos will be going
to tonight to keep this afloat.
Submitted by Tyler
Durden on 12/20/2012
Update: wow:
HOUSE SCRAPS PLAN TO VOTE ON BOEHNER'S TAX `PLAN B' TONIGHT U.S. HOUSE PLANS NO VOTES UNTIL AFTER
CHRISTMAS, BURTON SAYS BOEHNER SAYS `PLAN B' TAX PLAN LACKED SUPPORT
TO PASS BOEHNER SAYS UP TO OBAMA TO WORK WITH
REID ON BUDGET PLAN
Absolute total chaos. ES at lows of the
days right now. Luckily, at least the debt ceiling is a firm deadline...
Sometime in late March. Oh, and goodbye Boehner?
Submitted by Tyler
Durden on 12/20/2012
Following up on
our recent discussion of the worst-is-first rally that we have all been
witness to in the last few weeks, we thought it noteworthy that the 'most-shorted' names in the Russell 3000 and the
index itself have now recoupled from their epic divergence post-QE3 . We have seen
five large short squeezes 'engineered' since the lows in March 2009 - and given
Citi and BofA's 17% gains in December alone, we suspect (and have heard
from more than a few funds) that year-end is bringing some forced
buy-ins as SecLend desks become a little more activist.
Submitted by Tyler
Durden on 12/20/2012
As unemployment rose toward 10%, the January 1975 cover
of Ramparts magazine blared: The End of Affluence: The Last Christmas in
America. (TLCIA). Now statistics are echoing that last great recession: rising
prices for essentials, systemically high unemployment and stagnant wages. So how does a
society deal with the End of Work when it also means The End of Affluence, even
for many of those with jobs? How does government deal with declining tax
revenues and rising interest rates? The death throes of the debt-based consumerist lifestyle are already
visible beneath the glossy propaganda of "rising revenues this Christmas
season." The Fed is desperately attempting to re-inflate the debt
bubble by lowering interest and mortgage rates and buying up all sorts of
semi-toxic/impaired debt. What
the Fed dreads is the reality we all feel and see: fear of the future due to
diminished wealth and shaky incomes.
Submitted by Tyler
Durden on 12/20/2012
Manufacturing industries have helped
drive economic growth and rising living standards for nearly three centuries,
and for some developing economies (as McKinsey notes in a recent report)
continues to do so. Things are changing, however, as manufacturing output (as
measured by gross value added) grew by 2.7% annually in advanced economies and
7.4% in large developing economies (from 2000 up until 2007); the leaders are
changing rapidly China, India and Russia
rise and Germany, Japan, UK, and Canada
are sliding {and old news, u.s. slid} . The following
chart simplifies the evolution of global manufacturing economies over the last
four decades.
Submitted by Tyler
Durden on 12/20/2012
What creates real efficiency and
competition are not eras of wealth and largesse, but eras of scarcity and
change. A good analogy is that war creates better armies and better
weapons, not prolonged periods of peace. Bernanke of course has
zero understanding of what happens to large companies when financial reality is
made irrelevant, and capital is made plentiful. (Growth and efficiency
are by no means a logical result). This is what happens when academics who are
deeply inexperienced in business run monetary policy designed to stimulate
business. The market is going to bend him over the table and
humiliate him eventually. And then all that capital that he injected into
the market is going to evaporate, and a generation of Americans will be
financially obliterated.
Submitted by Tyler
Durden on 12/20/2012
For all economies, the relative pressure
of ‘tailwinds’ in relation to ‘headwinds’ will be crucial for the outcome of
economic activity. In the chart below, Barclays shows a heat-map that
represents their subjective assessment of the relative balance of forces from
2012 into 2013 and beyond. In 2013, the fiscal headwind continues to loom large and is an important basis of
caution despite the strong improvement in financial conditions . The fiscal
headwind is unlikely to abate by much in the US and Europe until 2014, possibly
later. Other sources of
‘headwind’ are likely to continue during 2013; these include private sector de-leveraging in the highly indebted parts
of Europe, as well as political uncertainty (in this
context, we observe the elections in Italy (Q1) and Germany (Q4)). Monetary
policy, policy reforms, and the financial markets themselves are the main
tailwinds as vol suppression continues. Headwinds vs Tailwinds once again
in 2013...
Submitted by Tyler
Durden on 12/20/2012
There have been very few times where in my 40+ years of capital markets
participation that I’ve strongly believed that we have witnessed a significant,
material, public but seemingly under-discussed, under appreciated watershed
event that will over the next several years, impact capital
markets in a profound manner. The recent announcement by the Fed that
they were to pursue the future course of monetary policy with direct regard to
a specific, numerical level of unemployment in my mind, represents exactly one
of those rare events. While the optics of the recent decision to accept an
active target of the unemployment rate might be well meant, socially
responsible and politically correct, the dependency upon the single datum
construct already of a highly controversial nature may well likely reduce
further the credibility of the Federal
Reserve’s monetary efforts , thereby leading to slower
economic growth, hiring and economic well being as adverse unintended
consequences. Indeed, another triumph
of form over substance wherein appearances of a literally
wondrous intent might soothe the fevered brows of the public but remain
entirely within the manipulative province of
the data managers .
Submitted by Tyler
Durden on 12/20/2012
If one reads sellside research (especially that of Bank of America or
Goldman), if one listens to comedy-finance fusion TV channels, if one reads
newspapers, one can't help but be left with the impression that everyone and their grandmother is now dumping Treasurys
and buying stocks . Why - because this is a key part of Bernanke's latest
masterplan (which is the same as all his previous "masterplans",
which have failed so far about 4 times previously) to force what little retail
investing capital is left out there out of the safety of bonds (return of
capital), and into stocks (return on capital). The catalyst? This time, for
real, central planners will generate enough ( controlled ) inflation to
create losses for anyone holding long duration paper (such as the Fed of
course, whose DV01 is the biggest in the history of the world at over $2
billion, but we digress). So just to test whether or not this was indeed the
case, we decided to go to the source data for what the smartest money of all is
doing: the 20 or so (RIP 21st PD
MF Global) primary dealers . After all, if everyone is dumping
Treasurys over fears of an imminent surge in yields, and rotating into stocks,
it would be them right? Well, the result is charted below: we present it
without commentary.
Submitted by Tyler
Durden on 12/20/
Confirming what we all know, here is Bloomberg's "most improved for
2012" (in our humble opinion) commentator, Michael McDonough, on China:
"Fiscal stimulus has bought China’s new leadership time to pass critical
reforms to spur domestic consumption and rebalance the economy, though there is
little room for error. Central banks from U.S. to Japan, through unprecedented
levels of quantitative easing, are influencing global markets more than ever.
Concerns have arisen over China’s manufacturing sector losing competitiveness;
companies including Apple and General Electric have moved some manufacturing
lines back to the U.S." The Bloomberg Brief note continues: " Growth in
China, which is currently being supported by government fiscal stimulus
targeting infrastructure investment, will probably remain between 7.5 and 8
percent . This will buy time for the new leadership to continue with reforms,
including interest-rate liberalization, designed to help stoke final demand in
China and properly rebalance the nation’s economy."
Submitted by Tyler
Durden on 12/20/2012
IMF Demands
Partial Default for Cyprus ( Spiegel )
Boehner's 'Plan
B' Gets Pushback ( WSJ )
Beijing
criticises US ‘political checks’ ( FT )
White House
Said to Tell Business Groups Talks Stall ( BBG )
NYSE tries to
get hitched again: IntercontinentalExchange in talks to buy NYSE ( Reuters ) -> N-Ice
coming?
Greece faces
‘make or break’ year ( FT )
Fed rejects
idea of consensus forecasts, "maybe forever": Fisher ( Reuters )
Rajoy Drives
Spanish Revolution With Low-Cost Manufacture ( BBG )
Italian Senate
Set for Budget Vote Before Monti Resigns ( BBG )
BOJ Loosens
With Pledge to Review Inflation Objectives ( BBG )
Bowing To Abe,
BOJ To Review Price Goal ( WSJ )
Submitted by RANSquawk
Video on 12/20/2012
12-19-12 Dave’s Daily: http://www.etfdigest.com ‘ GOP TO TRY PLAN B 12-19-12 Oddly, its
Republicans offering a plan to raise taxes but on those with incomes over $1M ( vs the WH $400K) and currently
does not include spending cuts. The WH
immediately stated it would veto this. The bottom line, this is a symbolic gesture since the Senate won’t
even vote on it according to Harry Reid. The Republican ploy is to say they’ve
voted to raise taxes on the rich. Then they would allow the country to go over
the cliff after transmitting this vote and forcing the WH to “own” the damage.
That must be their thinking. It’s a gamble obviously but Boehner’s base has
shown no support for WH plans or to roll over and violate all their
principles.This left bulls somewhat shaken as stocks fell sharply after the GOP
announcement but there are more rounds left in this stand-off . Stocks were overbought recently and a little rest was in order. In other
words, Bulls had taken it as a given the cliff would be avoided. It still may
be. We’ll just have to live with the volatility until a deal is done or not. Housing
Starts fell 3% but Building Permits rose
3.6%. The former data point is the more meaningful since some permits will
never evolve into a “start”. GM
decided to buy back the shares the government owned at $27.50 yielding taxpayers a nearly 50% loss. Like
it or not, that’s the math. Bank of America (BAC) has $64
billion of mortgage delinquencies great than 6 months on their books—nearly half of their market cap. This
is some of the looking under the hood investors aren’t spending time on. Those
that do like Buffett must believe the Fed will monetize and/or backstop these
loans.The bullish case is quite simple: QEternity is flooding markets with liquidity
that has few choices for returns beyond stocks.The bearish case is more
complex: Global economic data shows a contraction in GDP, commodity demand,
earnings and evenues.The dollar (UUP) was weaker as was gold (GLD). Commodities
(DBC) were slightly weaker. Bonds (TLT) were stronger. Volume was somewhat lighter than on
Tuesday’s good rally. Breadth per the WSJ was mixed to negative...’
December 19, 2012 http://gainspainscapital.com
http://albertpeia.com/needtoknow.htm
‘ The
markets in Europe continue to rally hard despite the fact that Europe’s
financial system is totally insolvent…’
http://theeconomiccollapseblog.com
http://albertpeia.com/20signsuspovertyexplosionhittingyoung.htm
Submitted by Tyler
Durden on 12/19/2012
Last
year's AmeriCatalyst interview with Kyle Bass provided much more color
than the normal 30-second soundbites that we are subjected to when serious
hedge fund managers are exposed to mainstream media. This year, Bass was the
keynote speaker and in the following speech (followed by Q&A), the fund
manager provides 60 minutes of eloquence on the end of the grand experiment and
its consequences. From Money Printing and Central Bank Balance sheets to Japan
and the psychology of the current situation - which in many cases trumps the
quantitative data - the question remains, "when will this unravel" as
opposed to "if?"; Bass provides his fact-based heresy against the orthodoxy of economic
thought "On The Financial Nature Of Things" extending well
beyond his
recent note . Must watch (there's no football or X-Factor on tonight).
Submitted by Tyler
Durden on 12/19/2012
After a significant slowdown in the
years before the crisis, Goldman Sachs notes that the number of
immigrants coming to Germany is rising strongly again . While it is not clear at this point how sustainable this development
is , it will nonetheless help to ease the strains in the German labour
market. But, given the underlying demographics, we suspect, like Goldman, that
an increase in immigration by itself is unlikely to prevent a meaningful
decline in the labour force after 2020. Only a continuous rise in the participation rate can offset these
demographic trends.
Submitted by Tyler
Durden on 12/19/2012
Bernanke and his fellow Beltway insiders continue to apply fake tan in an
attempt to make the US economy look more healthy than it is , but even
though the public has been in love with the bronze monetary sheen that has been
sprayed onto a decidedly pasty economy repeatedly since 2008, the backlash is
picking up steam and broadening its reach. As Grant Williams discusses in this
week's 'Things That Make You Go Hmmm...' , from QE4's lack of 'pop' to
Foodstamp Nation and the fundamental deterioration in our economy, the
divergence between reality and the beauty-is-skin-deep appeal of the markets
can only end one way and the earnings picture lights that up better than any
other. For a little bit of everything, the newsletter below provides something
for everyone.
Submitted by Tyler
Durden on 12/19/2012
Despite the seemingly generational
destruction to household and bank balance sheets and an entirely unprecedented
fiscal and monetary policy reponse, investors would never know it given the
market's reactions from the 2009 lows relative to its rally from the 2003 lows.
Different this time? hhmmm... Worried about gold prices falling also? Doesn't
look like we learned anything from the 'Debt Ceiling' debate either...
Submitted by Tyler
Durden on 12/19/2012
Our Christmas wish to Santa: please let
this be the last Christmas in America that is dominated by the propaganda that
holiday retail sales have any more impact on the $15.8 trillion U.S. economy
than a moldy, half-eaten fruitcake left over from 2009.
Submitted by Tyler
Durden on 12/19/
... at least statistically speaking. Yes, outlier cases will always exist
and there will always be a rags to Geology 101 to riches story somewhere, but
as the following fascinating and very much damning (the entire higher learning
industry of the US) diagram from Reuters
demonstrates , colleges, in their once vaunted role of a "great
equalizer for the classes" as defined over a century ago by Horace Mann , no longer
exist.What does the above chart imply? Nothing more than that for the vast
majority of people, college degrees are the
modern-day equivalent of very, very expensive snake oil. Yes: colleges
are sold to you as the critical stepping stone on the path to wealth and
prosperity, but sadly the empirical evidence demonstrates that when it comes to
an actual, demonstrable income effect, only the wealthiest people actually benefit from a degree ! The lowest
fifth of household by income see their change in income decline by 10%, while
the middle fifth sees an incremental 2.1% drop . Where do
incomes rise? When you are already wealthy and belong to the highest fifth of
households by income: there, going to college
boosts your income by an additional 15.1%
Submitted by Tyler
Durden on 12/19/2012
It's rather ridiculous that today's sell-off of around 0.6%
(in the S&P) is the largest plungefest in five weeks . Volumes were
high, though not as high as yesterday's with average trade size also relatively
high. S&P futures peaked right before the US day-session open today and
dropped all day long (with a slight bump higher into the European close)
retracing most of yesterday's gains with decent blocks going through in the
last few minutes push to lows. VIX led the weakness all day and stocks' selling
pressure ignored relative underperformance in Treasuries (yields ended the day
around unch), modest USD weakness close-to-close (though the day session saw
USD strength return), and a spike in WTI (+3.1% on the week). Even trying to
lever HYG didn't work to keep stocks up today. Gold and silver cliff-ledged
early but gold recovered and stabilized while Silver slid to lows of the day
(-3.5% on the week). Trading was relatively
orderly until the last few minutes which saw a typical push for VWAP fail and
the sell orders piled up into the close (and beyond in futures).
Submitted by Tyler
Durden on 12/19/2012
In key news that may well be the missing
puzzle piece to explain some of the very odd market moves in the past week, we
just learned courtesy of CNBC, that Morgan Stanley's Wealth platform unit has
finally, after months and months of considerations, pulled the plug on the fund
that for the second year in a row is one of the three worst performing in the
weekly HSBC report and is now redeeming. That in itself is not unexpected. What
however is notable is that MS withdrawing hundreds of millions in feeder
capital may well explain why gold has seen such a dramatic dislocation in the
past week. Recall that at Paulson & Co, gold is not simply an investment - the bulk of
direct gold investments at the once legendary investor are in the form of
(largely underperforming) gold mining stocks - but an actual investment class.
In other words, instead of being denominated in USD, investors are actually
denominated in (paper) gold, with a fixed conversion into GLD at inception.
This means that upon liquidation of gold-denominated shares, any gold-denominated shares , he has no
choice but to sell GLD, and by virtue of this being the most liquid paper
instrument in the PM space, gold. Does the massive gold dislocation in the
chart below now make more sense especially since Paulson was aware of MS'
intentions days in advance and traded, or in this case liquidated,
appropriately)?
Submitted by Tyler
Durden on 12/19/2012
In today's 'fast money'-inspired,
everyone's-a-winner, there's-a-bull-market-somewhere world of investing, the
old school remains stoic in their buy-and-hold mantra that the Fed has your
back and over the long-term retirement is assured and 'holding-hands as you
walk along golden beaches with your loved one' is a mere few percent of your
salary tithed away every month away... Well, sorry to steal the jam from their
donut, but across a massive 568 IPOs in the last
few years, Bloomberg's Chart of the Day shows that, in fact, buying and dumping within one-day is massively more
profitable than buying-and-holding in the new 'capitalism'. As the
mainstream media can't help but notice every uptick in China's share prices as
a sign that all-is-well in the world, the local fund managers live by a
different meme: "It’s weird that in
China the longer you hold new shares, the bigger losses you’ll take."
Submitted by Tyler
Durden on 12/19/2012
The markets, as most people reading this
should now well know, no longer reflect in any way the true economic health of
our country. If one was to measure the
financial “recovery” of this nation by the strength of global stocks alone, he
would probably come to the conclusion that the collapse of 2008 was a mere
hiccup in the overall success of the worldwide economic system. However,
electronically traded equities with little more to back their value than scraps
of receipt paper and numbers on a screen have no bearing on what is going to
happen to you, and to me, over the course of the coming year. The stock market is a sideshow , a popcorn
movie, a façade. The real drama is going on behind the scenes and revealed
in fundamentals that mainstream analysts no longer discuss...
Submitted by Tyler
Durden on 12/19/2012
What’s worse than unjust and ineffective
laws like the failed
War on Drug s and the failed sanctions on
Iran ? Unjust
and ineffective laws that apply to ordinary folks, but not to banksters . Once a
certain segment of society becomes protected from criminal liability, that society has travelled a long way down the road to
feudalism, to a caste system, to serfdom.
Submitted by Tyler
Durden on 12/19/2012
There was little excitement in today's
November housing starts and permits numbers, the first of which missed
expectations of 872K modestly, and was down from 894K to 861K on a seasonally
adjusted, annualized basis (64.6K unadjusted, non-annualized, the lowest since
March; the Northeast unadjusted print was 25% lower than a year ago! ). The prior
two months were also revised lower from from 863K and 894K to 843K and 888K. On
the other hand, permits which are nothing more than an opportunity cost fee for
an application filed with the local housing office, rose from 868K to 899K.
Curiously enough, this was the one series that was supposed to benefit from
Sandy, as builders would step up reconstruction efforts in the hurricane impact
areas. Alas, that did not happen, in the impacted Northeast Region, as both
Starts (73K) and Permits (76K) came at multi month lows (in the case of
permits, this was the lowest print of all of 2012). What did drive housing
starts and permits? The "South" where both
categories saw the respective data prints jump to the highest since 2008. The
same south which was promptly featured in our " Interactive
Guide to the Housing Recovery ." The housing bubble is back in
full force.
Submitted by Tyler
Durden on 12/19/2012
A few days after divesting its stake in
the firm that started it all, AIG, and at a profit at that (ignoring that the
risk has merely been onboarded by the Fed whose DV01 is now $2+ billion as a
result), the US Treasury continues to divest of all its bailout stake, this
time proceeding to GM, where the channel stuffing firm just announced it would
buyback 200MM shares from the US government at a price of $27.50. More
importantly, the "Treasury said it intends to sell its other remaining
300.1 million shares through various means in an orderly fashion within the
next 12-15 months, subject to market conditions. Treasury intends to begin its
disposition of those 300.1 million common shares as soon as January 2013
pursuant to a pre-arranged written trading plan. The manner, amount, and timing
of the sales under the plan are dependent upon a number of factors."
Assuming a price in the $27.50 range, this implies a nearly 50% loss on the government's breakeven price of $54 . So much for
the "profit" spin. One hopes all those Union votes were well worth
the now booked $40+ billion cost to all
taxpayers.
Submitted by Tyler
Durden on 12/19/2012
For those curious why many people are scratching
their heads how the market cap of Bank of America has nearly doubled in the
past year, here
it is : "Bank of America Corp. has amassed $64 billion of mortgages that are at least six months
delinquent and have yet to enter foreclosure , more than
twice the amount held by its four largest competitors combined." $64
billion is more than half the market cap
of Bank of America as of this moment.
Submitted by Tyler
Durden on 12/19/2012
Republicans put
squeeze on Obama in "fiscal cliff" talks ( Reuters )
Inquiry harshly
criticizes State Department over Benghazi attack ( Reuters )
Banks See
Biggest Returns Since ’03 as Employees Suffer ( BBG )
Italy president
urges election be held on time ( Reuters )
Bank of England
Says Sterling Hurting Economy ( WSJ ) - there's an
app for that, it's called a Goldman BOE chairman
China slowdown
hits Indonesian farmers ( FT )
China dispute
hits Japanese exports ( FT )
Market to get
even more monopolized by the HFT king: Getco wins Knight with $2 bln sweetened
offer ( Reuters )
MF Global Cases
Focus on 'Letters' ( WSJ )
UBS fined $1.5
billion in growing Libor scandal ( Reuters )
Spotlight
swings to interdealer brokers ( FT )
China Widens
Access to Capital Markets ( WSJ )
With Instagram,
Facebook Spars With Twitter ( WSJ )
Submitted by RANSquawk
Video on 12/19/2012 - 07:51
http://theeconomiccollapseblog.com
http://albertpeia.com/2dummiesinovertheirheads.htm { A
Market Gone Vertically Wild ZH It seems
wherever you look today, markets are going vertical. Whether its Citi and BofA
+15% for December, Gold and Silver cliff-diving today, WTI crude surging in a
v-shaped recovery or EURUSD and S&P 500 futures ramping in the most
wonderfully linear manner - the market has gone a little wild today... { We’ve seen airball / balloon markets like
this before … always end badly … total fraud and b***s***! Not one thing
proposed does anything to change the fact that america is unequivocally broke!
They must have bought off the rating agencies. After all, none of what they’re
proposing, fiscal cliff and otherwise, does anything to change the nation’s
dire fiscal position. The spending cuts are woefully inadequate. In fact, I
believe one must reasonably infer that the rating agencies presumed a deficit
reduct package that would at least be of a magnitude rivaling the automatic,
fiscal cliff cuts. The reality is that even those cuts would fall short of that
necessary to get defacto bankrupt america’s fiscal house in order. Make no mistake, wobama, helicopter ben, the
government are well aware of the real, substantial inflationary impacts of
their wall street welfare QE; and hence, are attempting to shift that burden to
retirees/social security recipients. The lull before the storm/crash! } BOEHNER ADOPTS PELOSI PLAN...
December 18, 2012 http://gainspainscapital.com
http://albertpeia.com/whycontraindicatedqe4.htm
Better watch out: Insiders are selling Marketwatch
Why isn’t Obama demanding corporate welfare cuts? Marketwatch
Why a recession is coming no matter what fiscal-cliff deal is
reached Marketwatch
http://endoftheamericandream.com
http://albertpeia.com/ringoffirewaking.htm
Submitted by Tyler
Durden on 12/18/2012
From the sheer hypocrisy of a fight over a few billion dollars when faced
with trillion dollar deficits and the eventual austerity that will be forced
upon the US, DoubleLine's Jeff Gundlach expounds during this excellent
Bloomberg TV interview on his growing concerns at markets where
fundamentals "are trumped by policy decisions," and while he
does not believe that bond markets are bubbly at the moment, the impact of an
inevitable recession could be devastating given valuations. His subtle
suggestion to keep powder dry through 2013 and into 2014 (as deploying
money at that future point will make all the difference) , follows from
his view that he does not see much value in US equities (people always
want investments to go up like a line... That's just not reality) and suggests
great care be taken in US bond markets (focusing on low volatility funds) as he
looks at Japan's dismal record (and hyperinflationary possibilities) and
reflects on the US that "the issue isn't the fiscal cliff.
The issue is the fiscal crisis that the United States has been looking at for
the past several years." Must watch.
Submitted by Tyler
Durden on 12/18/2012
It seems wherever you look today, markets are going vertical. Whether its
Citi and BofA +15% for December, Gold and Silver cliff-diving today, WTI crude
surging in a v-shaped recovery or EURUSD and S&P 500 futures ramping in the
most wonderfully linear manner - the market has gone a little wild
today... { We’ve seen airball / balloon
markets like this before … total fraud and b***s***! Not one thing proposed
does anything to change the fact that america is unequivocally broke! They must
have bought off the rating agencies. After all, none of what they’re proposing,
fiscal cliff and otherwise does anything to change the nation’s dire fiscal
position. The lull before the storm/crash! }
Submitted by Tyler
Durden on 12/18/2012
There is one chart that everyone should
see that is part of Reuters' must read special series:
The Unequal
State of America: Redistributing Up - it is the chart we have said over the
past 4 years is the only one that matters for America - that showing
the flattening of America's wealth distributon Gaussian curve, aka the plunder
and accelerating destruction of America's middle class, at their expense
benefiting the poorest and the wealthiest . This is
nothing but the inevitable outcome of a co-opted, conflicted and controlled
marionette government, which does the bidding of the wealthiest lobby powers
(read corporate shareholders and Wall Street), partitioning the bulk of the wealth
to the richest, while sending the scraps to the poorest in order to keep itself
in power due to the power of the ever poorer, democratic majority. Alas, since
there is never a free lunch, and since the Fed does not create wealth but
through its currency debasement merely accelerates the transfer of wealth,
someone ends up footing the bill? Who? None other than that part of the US
population which made the United States of America the greatest country in the
world, and is now watching it implode first slowly, then fast.
Submitted by Tyler
Durden on 12/18/2012
We couldn't have said it better: " Bank of America
blocks users from accessing websites that present certain risks to the bank. " { When
in doubt (about your competence, performance, viability), censure and shoot the
messenger! }
Submitted by Tyler
Durden on 12/18/2012
To understand the reasons why our
financial system, our economy and our present policies are unsustainable, we
need to come to grips with two simple truths. First, the economy and
government are an interconnected system . As such the party attempting to
steer it does not have controlling power over it. The second fact is that
“faster, better, cheaper” always wins, replacing the inefficient and
unsustainable. This is the reality within which the system operates. The present
foundation of the system, and our economy, is Financialization. This is not by
design but rather by Darwinian evolution. It has
unfortunately, become the basic engine of consumer growth through its'
leveraging of collateral into debt and phantom assets, such as derivatives and
bubble valuations. The limiting fact to this system is that
ever-rising debt and leverage is unsustainable , once
household assets and incomes stop rising.
Submitted by Tyler
Durden on 12/18/2012
Our biggest concern
here on the cusp of 2013 is the current odd combination of extreme complacency
about the risks presented by extend-and-pretend macro policy making and rapidly
accelerating social tensions that could threaten political and eventually
financial market stability. Before everyone labels us ‘doomers’ and
pessimists, let us point out that, economically, we already have wartime
financial conditions: the debt burden and fiscal deficits of the western world
are at levels not seen since the end of World War II. We may not be fighting in
the trenches, but we may soon be fighting in the streets. To continue with the
current extend-and-pretend policies is to continue to disenfranchise wide
swaths of our population - particularly the young - those who will be taking
care of us as we are entering our doddering old age. We would not blame them if
they felt a bit less than generous. The macro economy has no
ammunition left for improving sentiment. We are all reduced to praying for
a better day tomorrow, as we realise that the current macro policies are like
pushing on a string because there is no true price discovery in the market
anymore. We have all been reduced to a bunch of central bank watchers, only
ever looking for the next liquidity fix, like some kind of horde of heroin
addicts. We have a pro forma capitalism with de facto market totalitarianism. Can we have our
free markets back please?
Submitted by Tyler
Durden on 12/18/2012
As so often happens when dealing with
the fickle public, the aftermath of the news of the second worst school
massacre in US history has led to precisely the opposite outcome to the one
desired by the media and at least part of the general population. Because in
the backlash for gun control at its tamest, and against weapon ownership of any
kind at its most rabid, driven primarily by those who don't own weapons,
everyone else decided to think one step ahead and preempt what may soon be yet
another governmental subjugation of a constitutional amendment. The result? An
absolute surge in weapon sales in the days following last Friday's tragedy.
Submitted by Tyler
Durden on 12/18/2012
Since the beginning of December, the Russell 2000's
most-shorted index has outperformed the Russell 2000 by a magnicently squeezed
500bps! How much longer can it last? No idea but
once again the worst becomes first in this topsy-turvy market.
Submitted by Tyler
Durden on 12/18/2012 - 13:03 Counterparties Mad Money Securities and Exchange
Commission
Over two years ago, while scouring
through TheStreet.com's filing we stumbled
upon something interesting : "As a result of the need for the Company and its
independent registered public accounting firm to focus attention on matters
related to the Company's previously-announced review of the accounting in its
former Promotions.com subsidiary, which subsidiary the Company sold in December
2009 -- including matters related to the preparation and filing by the Company
in February 2010 of a Form 10-K/A for the year ended December 31, 2008, a Form
10-Q/A for the quarter ended March 31, 2009 and Forms 10-Q for the quarters
ended June 30, 2009 and September 30, 2009, respectively, and matters related
to an investigation commenced by Securities and Exchange Commission in March
2010 -- the Company requires additional time to prepare its financial
statements, assess its internal controls and file its Form 10-K for the year
ended December 31, 2009 ("2009 Form 10-K")." Oops. We can't wait
to see how Mr. Cramer will explain to the Mad Money faithful this particular
twist on the hangover of the show's five year birthday bash. Also, we wonder if
CNBC will finally cancel the ludicrous Jim "truth" Cramer campaign
once this news breaks. We doubt it- in the quest for evaporating eyeballs, all
is fair." This was in April 2010. Today, we got resolution on the matter,
as the SEC finally has put the matter to close.
Submitted by Tyler
Durden on 12/18/2012
Across many of the desks we hear from
there is a distinct feeling of incredulity at the moves in the last week or
two. Bullish or bearish, it seems the velocity and scale of the runaway moves
after every utterance from D.C. has wrong-footed many across every asset class.
However, one thing remains constant, a very strange case of deja vu all
over again with last year's market and macro-economic behavior . The following
two charts are showing spooky similarities between this year's 'fiscal cliff'
hopes and fears and last year's 'debt ceiling' ecstasy and anxiety. Perhaps it will
be useful to all those claiming that the market efficiently predicts a
resolution - it might be useful to temper that enthusiasm given the moves we
saw last year and the market's clear ignorance.
Submitted by Tyler
Durden on 12/18/2012
With the entire "market" a synthetic algo-traded derivative (and
facilitated by the fat pipe between Liberty 33 and Citadel) reflecting merely
where the ES and VIX trades, and completely ignoring such trivial things as
underlying corporate cash flows (see next post on market performance vs
earnings) or GDP, concerns about fundamentals have become a total joke. This is
obviously exacerbated by such "extenuating" circumstances as tropical
storms which are designed to make any negative data irrelevant. Of course, for
those still curious about such old school metrics as actual economic
performance, untainted by Fed intervention (such as $85 billion in offsetting
flow per month), here is one chart, showing the correlation between total FedEx
package shipments and Real GDP. And no, sorry, you can't blame this one on
Sandy, on the Cliff, or any of the other spin talking points. From Bloomberg:
"The level of FedEx package shipments began to slump as early as the first
quarter of 2012 and now appears to be signaling weaker economic conditions for
2013. In late March, FedEx made mention of cooling conditions, with CFO Alan Graf
noting the economy was not as strong as the company hoped it would be a
year earlier. According to Fred Smith, FedEx CEO, “Fundamentally,
what’s happening is that exports around the world have contracted and the
policy choices in Europe and the United States and China are having an effect
on global trade. "
Submitted by Tyler
Durden on 12/18/2012
For the green-shoot-minded, last
month's albeit record high Spanish bank loan delinquencies was occurring
as its first derivative was slowing. Well dash those hopes as this month sees
bad loans not only rise to record highs (above 11% for the first time in
history) but the pace of this drastic deterioration accelerated at the fastest
pace since June . We are sure somewhere a Spanish finance minister is
eschewing the 2nd or 3rd derivative as an indication that the worst is over but
reality is that as FROB proudly notes the number of banks who have invested in
its bad bank - in a strange and twistedly ironic reacharound whereby the bad
banks themselves (all domestic, no foreign, Santander 16% stake!) are buying up
the assets of the nation's bad banks - the sheer size and
scale of this level of bad loan and deterioration (double in two years) is far
beyond anything the sovereign's bad bank is prepared for . Of course,
none of that matters as Draghi's magical OMT remains the ultimate backstop to
any reality emerging. Spain - getting worse, faster.
Submitted by Tyler
Durden on 12/18/2012
Obama
Concessions Signal Potential Bipartisan Budget Deal ( BBG )
Cerberus to
sell gunmaker after massacre ( CNN )
With New
Offers, Fiscal-Cliff Talks Narrow ( WSJ )
Judge rejects
Apple injunction bid vs. Samsung ( Reuters )
U.S. policy
gridlock holding back economy? Maybe not ( Reuters )
President fears
for Italy’s credibility ( FT )
Struggles Mount
for Greeks as Economy Faces Winter ( WSJ )
Abe leans on
BoJ in post-election meeting ( FT )
Bank of Japan
to mull 2 percent inflation target as Abe turns up heat ( Reuters )
EU exit is
‘imaginable’, says Cameron ( FT )
Mortgage Risk
Under Fire in Nordics as Bubbles Fought ( BBG )
Sweden cuts
interest rates to 1% ( FT )
External risks
impede China recovery, more easing seen ( Reuters )
Submitted by RANSquawk
Video on 12/18/2012
Boehner’s
House Has Increased Debt $18,944 Per Household
CNS
News | Increased the debt of the federal government by $2,176,949,774,695.46.
12-17-12 Dave’s Daily: http://www.etfdigest.com CLIFF
NEGOTIATIONS CONTINUE 12-17-12 ‘ Bullish
investors have a hair-trigger regarding any deal relating to the fiscal cliff.
They presume a deal will be had around terms including higher taxes on “the
rich” (loosely defined by $250K-$1M in income) and a concession to include
entitlement spending reductions probably focused on social security. If agreed
to this should provide a “relief rally” that may last through the holidays.
Given this deal really only fixes deficit and debt conditions around the edges
perhaps in early 2013 the rally will be undone. In other words, after year-end
bonuses are paid to portfolio managers reality may bite after a brief
honeymoon. Lingering under cliff news economic data remains poor. Monday the
Empire State Mfg Survey laid an egg (-8.1 vs 0 expected & prior -5.5) as
manufacturing ex-autos remains weak. A quick look at a combination of economic
data below makes a weak economic picture more believable.
http://albertpeia.com/daveschart121712no1.gif
Beyond all of
this is what the Fed wants you to do—buy stocks. After all, they’re providing
nearly $100 billion a month in QE activity. This money will find its way into
markets and will force you to buy stocks even if you don’t want to. Why?
Because the alternatives are negative yields in bonds and sideline cash.The
same holds true with other central banks in Europe and Asia as its raining fiat
currencies.Not to be outdone, Japan’s election provided a large win for the LDP
led by the conservative Shinzo Abe where “economic recovery and overcoming
deflation” are top priorities. This means more stimulus and a much weaker yen
as John Mauldin explains well-enough in this
video and article . Yet there’s one thing Abe or
anyone can do anything about and that’s poor demographics with an aging
population and massive debt. Perhaps the investment strategy will evolve to a
short yen/long EWJ position. We’ve already gone through one round of profitable
trading short yen (YCS). But, now the yen is much oversold and short positions
are now at record levels. A sharp short squeeze could occur at any moment.What
could go wrong with this scenario? Markets and bond vigilantes could balk at
buying more debt even as central banks print money to support deficits thru QE.
The disaster scenario for all developed countries would be if interest rates
rose given massive debt levels.Stocks rallied sharply once the WH agreed to
consider some changes to social security and/or other entitlement changes
giving investors the idea a deal is close. Even if a handshake deal is made
Boehner and Obama must sell the deal to their respective base. Financials (XLF)
led the charge higher along with real estate sectors (IYR) (ITB) (RWX) as
they’re perceived as beneficiaries of the Fed liquidity deluge. Bonds (TLT) saw
selling as stocks rose and Treasury auctions were weakly received. Meanwhile as
stocks were gaining strength gold (GLD) was unresponsive in a “risk on”
environment. The dollar (UUP) was flat and commodities (DBC) overall were flat. Volume was modest and only picked-up
after a more conciliatory WH response on cliff. Breadth per the WSJ was quite
positive…’
http://theeconomiccollapseblog.com
http://albertpeia.com/americansocietycrumbling.htm
December 16, 2012 http://gainspainscapital.com
http://albertpeia.com/bad2013.htm
http://endoftheamericandream.com
http://albertpeia.com/2000americanchildrenmurderedeachday.htm
http://thetruthwins.com
http://albertpeia.com/crazythingssaidofgunowners.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/22statswhatswrongyoungamericanmen.htm
Submitted by Tyler
Durden on 12/17/2012
In the recent aftermath of the US just
concluding its fourth consecutive fiscal year with a $1 trillion+ deficit, we
have been flooded with requests to show how the current fiscal situation stacks
up in a big picture context. Very
big picture context . For all those requests, we present the following chart
showing total US Federal debt/GDP as well as Deficit/(Surplus)/GDP since
inception, or in this case as close as feasible, or 1792, which appears to be
the first recorded year of historical fiscal data. We can see why readers have
been so eager to see the " real big picture " - the
chart is nothing short of stunning.
Submitted by Tyler
Durden on 12/17/2012
Bryant saw a flash on the screen: the
explosion. Parts of the building collapsed. The child had disappeared. Bryant
had a sick feeling in his stomach. “Did we just kill a kid?” he asked the
man sitting next to him. “Yeah, I guess that was a kid,” the pilot replied. “Was that a kid?” they wrote
into a chat window on the monitor. Then, someone they didn’t know answered,
someone sitting in a military command center somewhere in the world who had
observed their attack. “No.
That was a dog,” the person wrote. They reviewed
the scene on video. A dog on two legs? The above article is a must read for every American
citizen , particularly those that get up in
arms about domestic gun control , but never think twice about the horror
caused by our foreign policy, which regularly murders innocent children
overseas.
Submitted by Tyler
Durden on 12/17/2012
The rumor mill on unnamed sources and
strawmen is full tonight with Reuters , Bloomberg,
and WaPo all reporting
on a new new deal from Obama that 'meets the Republicans more than halfway'
apparently. The crux appears to be a $1.2tn tax increase (over 10 years
of course) thanks to higher
rates on households earning over $400k (up from his original $250k but below
Boehner's $1mm) and $930bn in spending
reductions, including the much-discussed 'accounting' gimmick of
cost-of-living-adjustments (and unChained CPI - see below) in Social Security . The offer
also has a 'debt ceiling' proviso to increase the borrowing capability for two
years via McConnell's proposal. S&P futures got a lift from this great
'austerity' news (that will perplex the Keynesians) but seemingly got most of
the excitement out of the way this afternoon.
Submitted by Tyler
Durden on 12/17/2012
In what is likely the fist major under
the radar profit warning of the current quarter, GE chief, and Obama Job Tzar,
Jeff Immelt warned during GE's annual outlook meeting held earlier in Manhattan
that the "economic uncertainty" in the current quarter has resulted
in an investment "pause" that has resulted in a slowdown of corporate
sales. Put into numbers, GE is now calling for about 8% growth this year, from
a 10% forecast barely two months ago. Read: Q4 sales, and thus earnings, are
set to be a major disappointment. And while no superstorms were blamed in this
particular sales warning, the fiscal cliff did feature prominently. As the WSJ
reports , "[Immelt] said ongoing jitters over the so-called "fiscal
cliff" of tax increases and government spending cuts contributed to the
trend." Then again, it is just as likely that the tapped out US consumer,
whose savings rate is tumbling, whose real disposable income is now declining
on a year over year basis, and whose real wage growth is decidedly negative,
would be tapped out even if Obama and Boehner were not playing constant cat and
mouse. But whatever the reason for the slowdown may be, one thing is certain:
"Clearly, there has been an investment pause in certain industries,"
Mr. Immelt said. "We've definitely seen a slowdown in the fourth
quarter." Bring on the spin brigade.
State
Communism's Newest (public) Advocate: Jeff Immelt Posted by: CrownThomas
Post date: 12/17/2012 - "the one thing
that actually works, you know, state run communism may not be your cup of tea,
but their government works. They have five-year plans" { Riiiiight, jeff … their government works
for … their government … everyone’s equal, but some, ie., 1 party members, are
more equal than others; which, is essentially what we have anyway with our faux
2-party system (no real difference, actually; indeed, ie., the contraindicated,
inflationary QE is a welfare program for the wealthy frauds on wall street and
paid for by everyone for their benefit and party members among others in
Washington, primarily). Actually, GE has been a ‘connected government
enterprise’ for quite some time. Indeed, as a point of fact, I drove down to
D.C. for what was to be my first patent filing some decades ago. No sooner had
I entered ‘Washington, D.C. proper’, I was stopped on the highway by (I think)
Washington, D.C. police. After they checked, ran my ID, license, etc.., they
said follow us … so I did. Then, after parking, walking toward the ‘patent
building/address’, I was approached by a man who identified himself as a GE
employee who asked (he probably already knew) where I was going and volunteered
to show me the way (which he did). The veiled message was clear (previous times
I had gone to D.C. on business, ie., Williams & Connolly firm, Acacia Life
Insurance Co., and flown, and had no such similar experience). Guest Post: The Audacity of
Bonuses At MF Global Durden In the spirit
of George Orwell’s Animal Farm commandment: “all animals are equal,
but some animals are more equal then others” comes the galling news that
bankruptcy trustee, Louis Freeh, could approve the defunct, MF Global to pay
bonuses to certain senior executives. This, despite the fact that nearly $1.6
billion of customer funds remains “missing” or otherwise partially accounted
for, yet beyond the reach of those customers, perhaps forever, since before the
firm declared bankruptcy on October 31, 2011... , Nelson Mandela 'proven' to be a member of
the Communist Party Telegraph.co.uk For decades, it was one of the
enduring disputes of South Africa's anti-apartheid struggle. { The failed system of communism. Not
surprising that a nigger would lache on to such where everyone’s ‘equal’; but,
for no good reason, other than for party membership alone some are more equal
than others. Well, close enough, but no cigar. After all, chimpanzees share a
98% identical DNA profile with modern humans; and, niggers share 99% (hence,
that familiar simian look of the nigger. Interestingly, I must confess that I’ve
more recently particularly, developed a well-founded aversion for and antipathy
towards chimps, gorillas, oranguatangs and monkeys owing to the fact that they
remind me of niggers! } Chief Justice John Roberts
Bowed To Political Pressure And Changed His Vote On Obamacare http://albertpeia.com/nolegalsystem.htm { The unfortunate reality is what I’ve
alluded to in the context of my own direct experience; viz., america’s ‘legal
system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws
to apply pressure, etc., and essentially run by the inmates of this collective
criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm }
Submitted by Tyler
Durden on 12/17/2012
The world makes less sense every day. Little
children are randomly slaughtered in their schoolrooms. Corrupt, bought off
politicians pander to the lowest common denominator as their votes are only
dependent upon who contributed the most to their election campaigns, which
never end. Delusional, materialistic, egocentric, math challenged
consumers (formerly known as citizens) live for today, enslave themselves in
debt, vote themselves more entitlements, and care not for future generations. The alienation
and isolation created by our sprawling, automobile dependent, technology
obsessed, government controlled, debt financed society has spread like a
cancerous tumor, slowly killing our country. The oligarchs will not give up without a fight. Their
realization that the Brave New World method of controlling the masses has run
its course has convinced them to shift their methods towards Orwell’s 1984
tactics.
Submitted by Tyler
Durden on 12/17/2012
For anyone watching the last hour or two
of today's market, there was plenty to entertain. VXX (the implied vol ETF)
collapsed in a haze of glory dragging stocks to the highs of the day with
financials seeing their best day in three months. Treasury yields, Gold, and Stocks have all recoupled from
the election and perhaps that is what this bond weakness is related
to (as for example LQD fell to 3 month lows today, while HYG remains close to
record highs). Stocks closed at
Thursday's highs amid heavy and large size trades - the vertical
rampathon (or inverse Baumgartnering) suggests a quiet market desparate to
auction to stops. The USD ended unch, as did Gold while 30Y added 8bps as
testicular fortitude appeared under pressure today. Perhaps Citi
should downgrade AAPL every day? Today's #Teppergasm (h/t @gubbmintcheese ) saw the
NASDAQ back to unchanged for December and Citi up a measly 13.3% .
Submitted by Tyler
Durden on 12/17/2012
Moments ago, the San Fran Fed, best
known for spending taxpayer money to conduct such indepth analyses on topics
including whether water is wet, and whether the Fed creates bubbles, has just
released its most recent 'FedViews' economic outlook in which we
read that "we expect growth to steadily accelerate in 2013 as the economy
bounces back from harsh weather conditions and as the underlying expansion of
consumer spending reemerges. We
expect growth to register 1.7% in 2012 and 2.6% in 2013. " This
would be great if only a two minute Google search did not expose some of the
San Fran Fed's previous attempts at forecasting the future, such as this one
from October
14, 2010 , in which the crack experts said that "we currently project that
real GDP will expand around 2˝% in 2010, below its potential of about 3%
annually. We expect the recovery to
gain momentum over the course of next year and that real GDP growth for 2011
will reach about 3˝%. " Final 2011
GDP growth: 2.4% .... or this one from June 9, 2011, in which we learned
that "growth should rebound in the
third quarter. We expect GDP to expand at an annualized 3˝% rate in the second
half of the year and to continue to strengthen throughout 2012." Final 2012
GDP growth: 1.8% . Or just 50% off. Applying the same undershoot error
rate to the Fed's 2013 forecast means that real economic growth next year
will be at best 1.3%. And that's with a fresh $1 trillion in monetary
injections from the Fed.
Submitted by Tyler
Durden on 12/17/2012
As the fallout of Liborgate escalates,
the next big bank to be impacted in the fallout started by Barclays civil
settlement "revelation" is set to be troubled UBS, already some
10,000 bankers lighter, where as many as three dozen bankers are reported by
the implicated in the fixing of the rate that until 2009 was the most important
for hundreds of trillions in variable rate fixed income products. Only instead
of attacking the US or even European jurisdiction, where the next big
settlement is set to hit is Japan: a country whose regulators as recently as
half a year ago promised
there were no major issues with Libor, or Tibor as it is locally known,
rate fixings. And while this most recent development will have little material
impact on UBS' ongoing business model, the one difference from previous
settlements is that it will likely include criminal charges lobbed against some
of the 36 bankers. From
the FT : "UBS is close to finalising a deal with UK, US and Swiss
authorities in which the bank will pay close to $1.5bn and its Japanese securities subsidiary will plead guilty to a
US criminal offence . Terms of the guilty plea were still being negotiated,
one person familiar with the matter said on Monday, adding that the bank will not lose its ability to conduct business in
Japan . The pact between the bank and the US Commodity Futures
Trading Commission, US Department of Justice, UK’s Financial Services Authority
and UBS’s main Swiss supervisor Finma is expected to be announced on Wednesday,
although last minute negotiations continue."
Submitted by Tyler
Durden on 12/17/2012
From the government-induced structural
unemployment malaise to the implosion of our entire 'artificial economy', Peter
Schiff and Rick Santelli explore the dark side of monetary policy in this brief
clip. On the Fed's new policy and potential exit strategy, Schiff notes that
" the Fed is constructing
goalposts so it never actually hits them; the Fed is never going to tighten ." While
Santelli tends to agree with Schiff on the eventual collapse of the USD under
this never-ending Fed easing scenario, he notes that getting a fix on that USD
weakness is hard given everyone is racing to debase. Schiff notes, oil prices,
gold prices, food inflation, and real assets all send the signal that Bernanke
chooses to ignore and on the topic of 'monetization' which Bernanke seemed so 'put off' by during the press
conference last week, Sch-antelli both seemingly (obviously) conclude that the
mere mention of an exit at some point in the future by the great and powerful
Oz does not preclude the fact that 90% of current Treasury issuance ends up on
the Fed's books... leaving the fact that selling any of this "would make 2008 look like a Sunday picnic."
Submitted by Tyler
Durden on 12/17/2012
“Something bad happened in November…and it wasn’t merely Hurricane
Sandy”, the NFIB chief economist Bill Dunkelberg is quoted as
saying - see chart below and link . Even scarier
than the decline in the headline measure was the 37% slump to an all-time low
in those firms who believe economic conditions will improve over the next six
months. That 37% drop is twice the
previous record 18% decline, which occurred in the immediate aftermath of the
Lehman’s collapse (see chart below). For those who might immediately retort
that this is a sentiment indicator that should be used as a contrary indicator
- you are wrong. It is a good leading or at worst coincident indicator. I would
say this datum is more than consistent with the recession that Lakshman
Achuthan of the ECRI has been warning of, wouldn't you?
Submitted by Tyler
Durden on 12/17/2012
Buried in the Empire
Fed manufacturing data is the forward expectations for Prices Paid and Prices
Received. Taken together, somewhat obviously, they reflect businesses views of
their margin expectations for the future. For seven of the last nine years,
this future margin expectation has risen from mid-year into the end of the year
(whether hope-driven or real fundamentals is unclear), but this year, the
picture is very different. For the first time since 2007, future margin
expectations have plunged into year-end as expectations for prices-paid
have notably risen relative to expectations for prices received. Though the
sample is small, the last time we saw such
a huge divergence from the seasonal tendency for margin expectations was
followed by an equity market reaction many would prefer not to remember.
Submitted by Tyler
Durden on 12/17/2012
Whereas last month's negative print in the Empire Fed index (which beat
expectations), was attributed to Sandy, it will be difficult to see what
attribute can be blamed for this month's major miss, in which the NY Fed just
disclosed a -8.1 General Business Conditions update, down from -5.22, and below
expectations of -1. This was the fifth consecutive month in which the index has
printed negative, and the 6th miss of the past 9 reports. The new orders index
dropped to -3.7 from +3.08, while the shipments index declined six points to
8.8. At 16.1, the prices paid index indicated that input prices continued to
rise at a moderate pace, while the prices received index fell five points to
1.1, suggesting that selling prices were flat. Bad news for anyone that needs
positive margins (i.e. everyone). But that's ok, because the Hopium index,
i.e., the Six Month Ahead index, which is the only thing those who fail to see
what Bernanke's just announced $1 trillion injection means for the economy have
to fall back on, rose from 12.88 to 18.66. So it is all about the future,
forget the present, but whatever you do, don't look at the forward Prices Paid
indicator which soared to 52, the highest since May: surely NY corporations are
optimistic due to the fact that they can now kiss margins goodbye for at least
half a year.
Submitted by RANSquawk
Video on 12/17/2012
Submitted by Tyler
Durden on 12/17/2012
New Calls for
Gun Limits ( WSJ )
Funerals begin
for Newtown victims as schools confront tragedy ( Reuters )
Introducing The
Stock Trader of the Future ( WSJ )
Feds knocking
on 72 Cummings Ave door any minute now? SAC E-Mails Show Steve Cohen Consulted
on Key Dell Trade ( BBG )
China Signals
Tolerance of Slower Growth After Meeting ( BBG )
Huge mandate
for Japan's LDP may be less than meets the eye ( Reuters )
UBS Said to
Face $1.6 Billion Libor Penalty This Week ( BBG ) -
shareholders pay, and nobody goest to jail
Treasury Plan
Would Cut Rates on Some Mortgages in Bonds (BBG)
Egypt
opposition calls for protests against basic law ( Reuters )
Euro Crisis
Will Linger, Merkel Tells Summit ( WSJ )
Economic
slowdown throughout euro zone a worry for ECB: Liikanen ( Reuters )
Submitted by Tyler
Durden on 12/14/2012
Update 3 : Adam
had Aseprger Syndrome In other words, watch as the
debate rages over the traditional bogeyman of gun control, in a country with
over three hundred million weapons, when we may well simply be talking about a
mentally ill young adult.
Update 2 : NY
Post now refuting CNN's initial report, and stating that the shooter's real
name is Adam Lanza, not Ryan Lanza, who is instead brother of the latter. At
this point there appears to be a ridiculous amount of confusion who did what,
so it perhaps would be prudent on behalf of the authorities to double check
this information before releasing it to the media.
Update: According to CNN the shooter's name is Ryan Lanza, out of
New Jersey. Based on a White Pages reverse lookup there is an 18-24 year old
Ryan Lanza living in Hoboken, NJ whose FaceBook profile lists Newtown, CT as
his home city. Whether it is the same person remains to be confirmed
officially.
Sadly, increasingly it appears that not
a day, and certainly not a week can pass, in the US without news of some mass
killing somewhere. Several days ago its was a mall in Oregon, and today it is a
shooting rampage at the Sandy Hook Elementary school in Newtown, Connecticut.
Here is what is known: the shooter, who CBS reports is a 20 year old from New
Jersey, is reported to be dead. According to CBS 27 people are dead, of whom 18 , Connecticut
Post 27 people are dead, of whom 27 tragically, children. Among the dead are
the principal and the school psychologist. The AP has already dubbed it " the worst school tragedy in American history. " { 20 children, 7 others dead in school shooting Marketwatch
{ From the previous day, pre-shooting I posted : Don’t Let Your Child See a Psychiatrist. Jon Rappoport { In light of his expressed fear,
psychologists can’t prescribe medication – though that’s changed somewhat in
some states. Rappoport must realize that some parents, nuttier than fruitcakes
particularly in america, might be the problem. Who then does the troubled child
turn to?} That said, Every human emotion now classified as a mental disorder
in new psychiatric manual DSM-5 Mike Adams { Well, I gotta tell ya … if the
shoe fits, wear it … the reality is that the prevalence of mental
disorders/mental illness in america is so great that reactions as those of mike
adams (including shooting the messenger) are not unexpected; but, must be
discounted. After all, insanity or close to it has indeed become the new
normal, shaded/obscured somewhat by what’s deemed simple inherent criminality
which masks the underlying ‘americinsanity’. }
Submitted by Tyler
Durden on 12/14/2012
Remember when less than brisk sales of
the iPhone 5 after it was first unveiled (to the usual fawning media Borg
collective ooh -ing and aah -ing) were blamed on "supply
issues" even as "reputable" Wall Street analysts conducted
channel checks which foretold of epic holiday sales and massive pent up demand.
As it turns out the only commodity in short supply was, well, demand, particularly that coming from consumers,
very much as we predicted during the last earnings report (which was merely the
latest consecutive earnings miss in a row). And, as Reuters reports with its
Friday night bombshell report, Apple has finally thrown in the towel on
pretending there is a supply shortage and admitted there is simply not enough
demand at the given price point, by
proceeding to sell the margin flagship iPhone 5 at a third off the original
price, at the bargain basement commodity expert Wal-Mart of all places. And not only
the iPhone, but the Ipad too (we have no idea which generation is the latest
one: the iPad 3, the New iPad, the iPad 4s, the iPad Mini, the MAXiPad, etc...)
And just like that, the "niche premium" magic of the once uber-cool
gizmo is gone, not to mention AAPL's profit margins, very much as the stock
price has been sensing over the past two months, during which time it lobbed
off some $150 billion in market cap. And with the reflexivity of fad-ness, as
long as the price of the stock is soaring for whatever reason, interest and
demand in the product remains at virtually any cost. Sadly for AAPL bulls, the
opposite is also true, as is being witnessed right about now.
Submitted by Tyler
Durden on 12/14/2012
Okay, the Fed's recent decision to boost
its monetary stimulus (a.k.a. "money printing," "quantitative
easing," or simply "QE") by another $45 billion a month to a
combined $85 billion per month demonstrates an almost complete departure from
what a normal person might consider sensible.
To borrow a phrase from Joel Salatin: Folks, this
ain't normal . To this I will add ... and it will end
badly.
Our markets are now truly broken; they don't send
accurate price signals anymore
Markets are now just a giant and rigged casino, where a
relative handful of big firms and other tightly coupled players are gaming
their orders to take advantage of this flood of money
Expect the Fed balance sheet to quickly expand by an
additional $3-4 trillion, resulting in runaway inflation and a possible
currency crisis
Submitted by Tyler
Durden on 12/14/2012
Edson Gould, deceased author of the
once-famous Findings & Forecasts investment newsletter often said that
"History always repeats, only the details change". This insight, a
handful of carefully chosen technical indicators, and a deep understanding of
crowd psychology enabled him to make some remarkable calls during his career.
The graphic below, courtesy of Addogram , plots Gould's
"Sentimeter" ("the market price of $1 of dividends") the
inverse of the US 10-year Treasury yield, the gold price and an index of
commodity prices. Needless to say he was quite right; "History always repeats, only the details
change".
Submitted by Tyler
Durden on 12/14/2012
On a less than joyous day such as this,
we all need a little cheering up. So here is John McAfee. Why? Just watch it.
Submitted by Tyler
Durden on 12/14/2012
Having
just undergone the Presidential election and the democratic right of every
citizen to vote and have their voice heard, we thought it interesting that of
the world's major nations, the
US citizen is in fact the second worst represented when it comes to government . The Chinese
citizen, empirically at least, has a fractionally greater weight in their
politician's actions. Only in India does each politician represent more of the
nation's citizens. How long before we hear the chants of "Over-Taxed
And Under-Represented"?
Submitted by Tyler
Durden on 12/14/2012
The last time the USD closed down (DXY -1%) on the week, and so did stocks
(Dow/S&P/Nasdaq -0.25%), was the week heading into QE3 which marked the top
of the US equity market for the year. With contracts rolling, the
futures were roiling into the close as they were ping-ponged between new week
lows and VWAP. The Dow Transports stood
alone in their outperformance +1.1% (but were sliding rapidly into
the close) and while most sectors were weak (Discretionary worst -1.2%),
Materials outperformed (+1.66%) in a world of their own today. Silver slumped 2.4% on the week while Oil
added 1% with gold flatlining since yesterday morning down around 0.5% on the
week. AAPL, obviously, was the story today -7.75% in last 3 days to 10 month
lows on huge volume today. EUR strength (+1.75%) dragged USD lower but was stymied
by JPY weakness (-1.25%) as Treasury yields came off the week's highs to end
7-9bps higher on the week. VIX
at two-week highs closed above Europe for the first time this year. Some peculiar
volume and behavior in bond ETFs to note also (HYG saw biggest 2-day drop in a
month) - markets feel very brittle up here.
Submitted by Tyler
Durden on 12/14/2012
Overnight the Shanghai Composite index
rose 4.3%, marking its biggest advance since October 2009, supported by the
latest HSBC flash manufacturing PMI which came in at 50.9 vs Exp. 50.8 (Prev.
50.5) – 14-month high, and with hopes for supportive policy direction to come
out of this weekends central economic work conference where Chinese leaders
will look to set next years GDP target and layout more information on policy
for urbanisation. As such WTI crude has been trending higher since the Asia
session testing around the USD 87.00 to the upside with close to a 1 USD gains
ahead of the NYMEX pit open. In terms of Europe, bund volumes have been light
as markets head closer toward the Christmas break with European manufacturing
and service PMI’s having little sustained impact with Italian and Spanish 10yr
government bond yield spreads over German bunds seen 2.5bps and 3.5bps tighter
respectively. Elsewhere, in the FX market there has been talk of US names
selling 1 week 25 delta risk reversals in positioning ahead of this weekend’s
Japanese elections.
Submitted by Tyler
Durden on 12/14/2012
Queen Elizabeth II and Prince Phillip
visited the Bank of England’s gold vault and wonders like most people how the
things got so bad. Back in 2008, when the monarch visited the London
School of Economics she described the credit crunch as ‘awful.’ . Fast
forward to 2012, the heart of Europe’s 4 year-old debt crisis while the
Queen of England hears a financial expert compare the debt crisis to a flu
epidemic or an earthquake, as hard to predict. This comparison is truly
patronizing and an insult to the Queen’s intelligence. Although I am not English
have some respect for your elders, especially your Queen, Britons!
Pensioners in England can recall hard times during the World War when
items like sugar were a luxury. In this new era of credit you have people
complaining if they can’t borrow to have their new BMW financed to match their
Cotswold’s country house or Spanish holiday home. The Queen was informed that
since financial risk has been managed better (need we mention Libor?) than it
was in the past, people became complacent. She smiled and said, ‘But
people had got a bit...lax, had they?’ Her Royal Highness also suggested
that the Financial Services Authority may not have been hard-line enough in its
policing. She said: ‘The Financial Services – what do they call themselves, the
regulators – Authority, which was really quite new … it didn’t have
any teeth.’ It’s rather ironic that
the tour showed the gold vault since a good portion of the UK gold reserves
were sold off from 1999-2002, when gold prices were at their lowest in 20
years.
Submitted by Tyler
Durden on 12/14/2012
The Richmond Fed's Jeffrey Lacker, a
2012 voting member of the FOMC, who has so far been the sole objector to the
Fed's policy of exiting a hole by continuing to dig deeper, has released his
traditional "good cop" response to Bernanke's QE4EVA plan. The
highlights: "I disagreed with the Committee’s decision to continue
purchasing additional assets to stimulate the economy. With economic activity
growing at a modest pace and inflation fluctuating close to 2 percent — the
Committee’s inflation goal — further monetary stimulus runs the risk of raising
inflation and destabilizing inflation expectations.... Deliberately tilting the flow of credit to one particular
economic sector is an inappropriate role for the Federal Reserve ....I have
dissented previously against the use of date-based forward guidance, and I
supported the decision to drop such language at the December meeting.... monetary policy has only a limited ability to reduce
unemployment, and such effects are transitory and generally short-lived.
Moreover, a single indicator cannot provide a complete picture of labor market
conditions. Therefore, I do not believe that tying the federal funds
rate to a specific numerical threshold for unemployment is an appropriate and
balanced approach to the FOMC’s price stability and maximum employment
mandates." Of course, his objection is duly noted, and summarily rejected
and forgotten.
Submitted by Tyler
Durden on 12/14/2012
Obama, Boehner
hold "frank" meeting amid "fiscal cliff" frustration ( Reuters )
Rice Ends Bid
Amid Criticism ( WSJ )
EU summit delays
crucial decisions ( FT )
EU moves to cap
bank bonuses at 2 times annual salary ( CBC )
Europe Wins a
Battle, but Not Yet the War ( WSJ )
Banks Spurn
Europe Bond Rush Amid Central Bank Loan Largesse ( BBG )
German-French
Sparring Over Euro Caps 2012 Crisis Fight ( BBG )
Fed begins
stress tests on bank liquidity ( FT )
Draghi’s
rallying cry for new EU powers ( FT )
EU Seeks Plan
to Handle Failing Banks Amid Cost Concerns ( BBG )
Berlusconi says
Monti has strong EU backing ( FT )
Abe Set for
Japan Victory Faces 7-Month Window to Keep Hold ( BBG )
Japan's Abe
would try to keep China ties calm-lawmakers ( Reuters )
20 children, 7 others dead in school shooting Marketwatch
{ From the previous day, pre-shooting I posted : Don’t Let Your Child See a Psychiatrist. Jon Rappoport { In light of his expressed fear,
psychologists can’t prescribe medication – though that’s changed somewhat in
some states. Rappoport must realize that some parents, nuttier than fruitcakes
particularly in america, might be the problem. Who then does the troubled child
turn to?} That said, Every human emotion now classified as a mental disorder
in new psychiatric manual DSM-5 Mike Adams { Well, I gotta tell ya … if the
shoe fits, wear it … the reality is that the prevalence of mental
disorders/mental illness in america is so great that reactions as those of mike
adams (including shooting the messenger) are not unexpected; but, must be
discounted. After all, insanity or close to it has indeed become the new
normal, shaded/obscured somewhat by what’s deemed simple inherent criminality which
masks the underlying ‘americinsanity’. }
Missouri's Community Bank of Ozarks closed: FDIC Marketwatch
Prepare to pay the piper
Marketwatch
Leading indicators of a stock market top Marketwatch
http://albertpeia.com/leadingindicatorsofstockmarkettop.htm
Food
stamps increase by over 600,000 in last month of data
mybudget360.com | Food stamps
have essentially kept 1 out of 6 Americans from being out on the streets and
starving.
Quantitative
Easing Benefits the Super-Elite … And Hurts the Little Guy and the American
Economy
Washington’s
Blog | The Fed has just announced its fourth round of “quantitative easing”.
Draghi’s
rallying cry for new EU powers
Financial
Times | Europe agrees landmark move toward centralised supervision of banking.
Marc
Faber: “Paul Krugman Should Go And Live In North Korea”
Zero
Hedge | 50 minutes of Faberian bliss.
An Economic Fairy Tale
Alt
Market | Once upon a time there lived an independent and industrious people in
a land called Ameristan deep in the realm of Middle Income.
We
Are Witnessing The Death Of Small Business In America
Economic
Collapse | Historically, small businesses have been the primary engine of new
job creation in the United States.
12-13-12
Dave’s Daily: http://www.etfdigest.com MORNING AFTER REALITY CHECK 12-13-12 It’s alleged that “pro-tax the rich” promoter Warren
Buffett’s transaction with a massive
Berkshire (BRK/A) buyback was a conspiracy to help the seller with estate taxes
before the fiscal cliff. That’s what some conflicted people do vs what they
say. Jobless Claims fell
substantially (343K vs 370K expected & prior revised higher to 372K). In my
view analysts trying to estimate claims are just guessing now. Retail Sales
were higher with the headline number missing expectations (.3% vs .6% expected
& prior -.3%) & ex-autos & gas improved (.7% vs .5% & prior
-.3%). PPI fell (-.8% vs -.5% & prior -.2%) core PPI rose (.1% vs .2%
expected & prior -.2%). Remember it’s the “core” rate bulls and government
wants you to watch. Nevertheless, headline writers focused on the headline
rate. Pimco’s Bill Gross discussed the
Fed’s new monetary policies in a
Bloomberg interview . In it he describes
what the Fed is doing without dubbing it a Ponzi Scheme . He nails it with
this gem of a quote: “What really happens, and this is critically important, is
the Treasury issues bonds and the Fed buys them and then remits interest to the
Treasury.” Since he still needs to keep good communications with Bernanke &
Co he’s not going to use the phrase for what QE actually is. The interesting
thing about all this is bond prices (TLT) after the expanded QE operations are
falling vs rising meaning the markets will determine the validity and
usefulness of these policies. Stocks followed through to the downside on renewed fiscal cliff worries,
more negative comments from Boehner and Reid among others, and perhaps a lack
of confidence in Bernanke’s press conference remarks. ( Breaking: Boehner & Obama
scheduled to meet at the WH at 5PM EST’) More games are being played with gold
(GLD) as another mysterious
seller reappeared in mid-afternoon trading in
Japan driving the price down and catching stops. As you recall last week the
same thing occurred which was curiously followed by a sell recommendation by
Goldman Sachs.The dollar (UUP) was slightly higher Thursday and commodities
(DBC) weaker weighed down by energy (USO) and metals (DBB). Volume was unremarkable once again but
breadth per the WSJ was quite negative…’
http://theeconomiccollapseblog.com
http://albertpeia.com/deathofsmallbusinessinamerica.htm
Submitted by Tyler
Durden on 12/13/2012 If there is one thing better than Marc
Faber providing a free, must-watch ( and listen ) 50 minute
lecture on virtually everything that has transpired in the end days of modern
capitalism, starting with who caused it, adjustable rate mortgages, leverage,
why did the Fed let Lehman fail, why was AIG bailed out, quantitative easing,
Operation Twist, where the interest on the debt is going, which bubbles he is
most concerned about, a discussion of gold and silver, and culminating with his
views on a world reserve currency, is him saying the following: "The views
of the Keynesians like Mr. Krugman is that the fiscal deficits are far too
small. One of the problems of the crisis is that it was caused by government
intervention with fiscal and monetary measures. Now they tells us we didn't
intervene enough. If they really believe
that they should go and live in North Korea where you have a communist system.
There the government intervenes into every aspect of the economy. And look at the
economic performance of North Korea." Priceless.
Submitted by Tyler
Durden on 12/13/2012 What is going on here, for those
understandably confused, is North Korea's gregarious and gorgeous leader, Kim
Jong-un , sitting in the Korean equivalent of Houston, watching the recent Korean
rocket launch... and smoking a cigarette. Take it away.
Submitted by Tyler
Durden on 12/13/2012 - 19:28 Greece Guest Post
Good thing there is no inflation, you
know, except in every single thing every single American needs to buy to
survive that is! The hits just keep coming for California, America’s very
own Greece. Remember the article I posted a couple of days ago titled: Payday
Loans in California: School Districts Owe $1 Billion on $100 Million Borrowed . Now we find
out from the LA Times: "Health insurer Blue Shield of California
wants to raise rates as much as 20% for some individual policyholders,
prompting calls for the nonprofit to use some of its record-high reserve of
$3.9 billion to hold down premiums. In filings with state regulators, Blue
Shield is seeking an average rate increase of 12% for more than 300,000
customers, effective in March, with a maximum increase of 20%. " That should be
a real boon for California’s economy. Meanwhile…
Submitted by Tyler
Durden on 12/13/2012
Remember when Americans used to mock
Russia ( f/k/a the USSR ) for being one big Gulag prison colony? Those were the
good days. One thing is sure: they no longer " hate us for our
freedom. " On the other hand, if instead of prison , one were to
write in "minimum security, free room and board, out early for good
behavior" (especially if the world's
most famous hedge fund will fund all your cash needs for the rest of your life
on the 'other side' just as we predicted three
weeks ago ), then they would certainly hate us for our benefits.
Submitted by Tyler
Durden on 12/13/2012
After the success of the 'scariest
charts for equity bulls' , the following 12 charts are the most important, in
CitiFX's view, to establish a 'starting point' for views on markets as we head
into 2013. From employment trends echoing the 1970s, one-last-low in Treasury
yields and '90s analogs, to EURUSD and its mid-'80s mirror, and the ongoing
trend higher in gold; there is something here to scare equity and bond bulls
and bears alike.
Submitted by Tyler
Durden on 12/13/2012
A well-timed leak of an Obama-Boehner meeting this evening provided enough
exuberance to allow algos to lift the markets (futures and ETFs first) from
'about to break the lows' to VWAP (to the tick!) . S&P 500
futures picked off VWAP perfectly and slid back. The Dow and the S&P spent
the afternoon stuck at unchanged on the week before the rally-monkey saved the
day (as did Financials). Treasury yields continue to bleed higher (now up
around 10bps on the week). Silver dislocated (worse) from its commodity peers
who have recoupled +/-0.3% on the week (even as the USD is -0.6% on the week).
Gold and silver (as we noted earlier) really fell out of love from the start of
the day-session but silver was starting to recover into the close. AAPL was
very close to its lowest close in 10 months (but again was rescued by some
rampant white house leak about a totally fruitless rumor) though ended at a
critical VWAP support level. By
way of record-breakers - today marked the first time that we have seen stocks
negative from the day before a QE announcement to the day after (no matter what
Bob Pisani tells you) . Equities
tumbled into the close (after ringing the bell at VWAP) ending near the lows after-hours leaving
financials and energy practically unchanged on the week. VIX jumped 0.5 vols to
16.4% and HYG had a very weak day on significant volume. But apart from that...
Submitted by Tyler
Durden on 12/13/2012
The following chart is perhaps the best
glimpse of the excessively optimistic 'hope' relative to the rest of the world
that US equity markets (and their extrapolators analysts)
currently possess. Since the start of 2012,
analysts, guided by both macro uncertainty and company expectations, have
crushed 2013 EPS expectations across all global markets - well nearly all...
Submitted by Tyler
Durden on 12/13/2012
The drainage of AAA quality collateral
contonues as S&P cuts it outlook on the United Kingdom to negative...
*BANK OF ENGLAND OUTLOOK TO NEGATIVE FROM STABLE: S&P
*UNITED KINGDOM OUTLOOK TO NEGATIVE FROM STABLE BY
S&P
more as we get it...
Submitted by Tyler
Durden on 12/13/2012
Here, for your comparative studies
analytical viewing pleasure, is the current recession recovery in
context. Across activity indicators, consumer behavior, labor market
developments, and housing & construction, there is a little here for
everyone . From vehicle sales to disposable income and from durable goods to
industrial production, it seems grading this economy's performance is a matter
of 'see no evil, hear no evil, speak no evil'.
Submitted by Tyler
Durden on 12/13/2012
Bernanke Wields
New Tools to Reduce Unemployment Rate ( BBG )
Home Seizures
Rise as Banks Adjust to Foreclosure Flow ( BBG )
EU Backs
Release Of Greek Aid ( WSJ )
Democrats
Confident They Have 'Cliff' Leverage ( WSJ )
Americans Back
Obama Tax-Rate Increase Tied to Entitlement Cuts ( BBG )
Goldman flexes
tentacles: Treasury open to Carney radicalism ( FT )
Launch Fuels
Asia Security Concerns ( WSJ )
BOJ’s Unlimited
Loan Program Seen Open to Use by Hedge Funds ( BBG ) - there are
Japanese hedge funds?
Abe Set to Face
Manufacturing Gloom as Japan Contracts ( BBG )
US and UN
condemn N Korea rocket launch ( Guardian )
Eurozone agrees
common bank supervisor ( FT )
Berlusconi Adds
to Italy Turmoil by Signaling He’d Step Aside ( BBG )
Submitted by RANSquawk
Video on 12/13/2012
Food
stamps increase by over 600,000 in last month of data
mybudget360.com | Food stamps have essentially kept 1 out of 6 Americans
from being out on the streets and starving.
Quantitative
Easing Benefits the Super-Elite … And Hurts the Little Guy and the American
Economy
Washington’s
Blog | The Fed has just announced its fourth round of “quantitative easing”.
55
Reasons Why California Is The Worst State In America
Economic
Collapse | Why in the world would anyone want to live in the state of
California at this point?
Violent
rampage of Detroit union mobs foreshadows what’s coming for all of America as
states go bankrupt
Mike
Adams | Violence erupted yesterday in Detroit as a mob of union workers
destroyed a tent, injuring two people inside.
Google’s
tax avoidance is called ‘capitalism’, says chairman Eric Schmidt
London
Telegraph | Google chairman Eric Schmidt has insisted that he is “very proud”
of the company’s tax structure, and said that measures to lower its payments
were just “capitalism”.
Goldman’s
BOE Tentacle Has Not Even Arrived And Already Advocates Massive Money Printing
Zero
Hedge | When two weeks ago Mark Carney was appointed head of the Bank of
England (despite his firm denials of any interest in the position) many were
surprised.
Steny
Hoyer: The Debt Limit ‘Is Not Real’
CNS
News | House Minority Whip Steny Hoyer (D-Md.) said Tuesday that the debt limit
is “not real” and should not be part of any negotiations to avert the fiscal
cliff.
12-12-12
Dave’s Daily: http://www.etfdigest.com BEN PLAYING CATCH-UP WITH GDP DATA 12-12-12 Like others, we
hung out most of the day waiting for Ben’s next dose of easing. What the Fed
released in the way of new operations was fully expected without much of a
surprise. Several things stood out. To remove ZIRP and halt QE inflation needs
to remain tame and below 2% while the unemployment rate needs to be below 6.5%.
Since even the most optimistic bull knows inflation data as currently
constructed is faulty and misleading and so too have been recent employment
reports. Below is inflation and employment data as measured by and courtesy of
John Williams’ Shadow Government Statistics. Manipulating inflation and
employment data have been in the government’s interest to reduce entitlement
benefit payments and hide real employment conditions for political reasons.
http://albertpeia.com/daveschart121212no1.gif
Meanwhile the
Fed has indicated it would extend ZIRP until 2015 which may be nice but it
offers little incentive for people to buy homes even as prices might flat line.
And we really need people to start buying homes to clean out inventory. Also
Operation Twist has ended only to be replaced by another yet unnamed OMO of
buying $45 billion of mortgage-backed securities and $20 billion of Treasury
debt. This means more money printing driving the Fed’s balance sheet
to potentially $4-$5 trillion . In his post release press conference stated the Fed is “not monetizing
federal deficit”…right, and I’m not Santa Claus.Lastly, the Fed (behind the
curve as usual) has downgraded 2012 GDP growth from 2.5-3% to 1.7-1.8% and 2013
from 2.5-3% to 2.3-3% (a shot in the dark?). These are poor numbers and
certainly don’t support a tax increase on anyone. One headline stated the
revisions lower were only “slight” which is of course to minimize things but
.8% GDP decline on these low numbers are massive.All of his has led to massive
hording of cash and trading reserves by large banks and little in the way of
lending. The chart below clearly demonstrates the ineffectiveness of current
Fed policies in my opinion.
http://albertpeia.com/daveschart121212no2.gif
As usual,
and in
the video we posted after the Fed announcement , the “first move can often be the wrong move” and this maxim proved
accurate once again Wednesday. So after the initial stock market rally, stocks
turned south as selling and profit-taking hit the tape. Perhaps investors just
sold the news while the best and brightest couldn’t have been surprised much by
the Fed’s economic downgrade.So stocks closed in the red Wednesday led broadly
lower across the board. Wal-Mart (WMT) (XRT) and Eli Lilly (LLY) (XLV) led
stocks lower while commodities (DBC), oil (USO) rose, the dollar (UUP) was flat
and gold (GLD) was slightly higher.Now we turn our attention to the fiscal
cliff drama and other data like Retail Sales and Jobless Claims primarily on
Thursday. Volume remained
light with most of it coming post Fed announcement. Breadth per the WSJ was
mixed to negative.
Apple
stock: Classic concentration risk Marketwatch
http://theeconomiccollapseblog.com
http://albertpeia.com/55reasonscaliforniaworststateafterjersey.htm
{ With jersey, it’s necessary to look under the hood! }
America’s top 5 oil-producing states Marketwatch
December 12, 2012 http://gainspainscapital.com
http://albertpeia.com/checkmatehelicopterben.htm
{ It’s really quite amazing that the so-called economic experts, ie.,
economists, financial/securities analysts, CEO’s, etc., are so economically
challenged so as to believe beyond the self-interested ‘swallow’ (ie., paper
inflation, etc.) that somehow printing/creating ever more worthless/debased
paper fiat currency will in some way create real value, production, jobs,
etc., as opposed to the destructive
mechanism along with nefarious dislocations that it truly is. }
http://thetruthwins.com
http://albertpeia.com/20outrageousexamplesofpoliticalcorrectness.htm
Submitted by Tyler
Durden on 12/12/2012
It seems the AsiaPac central bankers did
not get the 'shut up and print' memo as today during another speech, an
Australian central banker followed
Hong Kong's lead and pronounced quantitative easing as
potentially harmful and the volatility-dampening effects of excess monetary
policy as "ultimately inimical to financial stability and hence
macroeconomic stability." In the speech below Glenn Stevens (RBA
Governor) provides some much-needed doses of sanity to the grossly addicted
world desirous of moar money printing.
" Central banks can provide liquidity to shore up
financial stability and they can buy time for borrowers to adjust, but they
cannot, in the end, put government finances on a sustainable course... They can't shield people from the implications of having
mis-assessed their own lifetime budget constraints and therefore having
consumed too much. "
Why are these AsiaPac bankers breaking
ranks with the status quo? Perhaps they see a looming threat and prefer to
front-run their governments' demands to "get to work".
Submitted by Tyler
Durden on 12/12/2012
Rightly so, the FX and equity futures
markets are almost entirely ambivalent at the farce that at 430am in Brussels,
the EU leaders announce a compromise agreement on ECB banking supervision:
*BARNIER HAILS 'HISTORICAL ACCORD' ON ECB BANK OVERSIGHT
*BARNIER SAYS EUROPE HAS SHOWN 'CAPACITY TO TAKE ACTION' (yay)
*MOSCOVICI SAYS SUPERVISION IS FIRST STEP IN EURO BANKING
UNION
*MOSCOVICI SAYS ECB WILL BE SUPERVISOR FOR ALL BANKS
*SCHAEUBLE SAYS AGREEMENT REACHED ON EU30B OVERSIGHT
THRESHOLD
*BARNIER SAYS SUPERVISOR IS FUNDAMENTAL FOR FINANCIAL
STABILITY
*BARNIER SAYS ECB OVERSIGHT NEEDS PREPARATION OF AT LEAST
A YEAR (umm)
*ECB COUNCIL WON'T HAVE FINAL SAY ON BANK REGULATION :
SCHAEUBLE (oops)
Of course, none of this matters - what
is the ECB going to tell them "de-lever more!", "buy less of
your sovereign's debt?" Until there are pooled deposit guarantees (nein
nein nein) this is irrelevant and markets are treating it thus - no matter the
PR efforts.
Submitted by Tyler
Durden on 12/12/2012
At the end of October, as the Tristate
Area was being flooded by Hurricane Sandy, one after another Wall Street firm
tried to position Sandy virtually as a non-event, with total damage
"forecasts" by such "reputable" firms as Goldman
Sachs and Bank
of America forecasting a total bill between $10 and $20 billion (as
anything above that and the Q3 damage to GDP would be far more substantial than
their recently bullish forecasts had accounted for, and would also imply a
substantial spillover effect into Q1 2013), the same as various
insurance companies who had other far more obvious reasons to undershoot on
the total damages. We said
the opposite , and based on historic damage forecasts, predicted
the damage would likely be between $50 and $100 billion. Once again
the sellside consensus was wrong and a fringe blog was accurate, as the CBO
has just released the Obama administration's full aid request. Bottom line: $60.4 billion , or roughly what one
year of what the ultimate tax hike compromise will bring into the government's
treasury. Furthermore, if fully funded by debt today, this amount
would send the US (which has a $57 billion debt buffer as of this moment) over
the debt ceiling immediately. Christie
seeks 100% federal government reimbursement for Sandy... NY,
NJ, CT lawmakers seek $83 billion to cover cost of damage...
Submitted by Tyler
Durden on 12/12/2012
At the current pace of 'improvement' in
the unemployment rate, it appears the Fed will cease its 'stimulation' in early 2015 - and based on
the empirical relationship between unemployment rates and the S&P 500 that
implies a healthy retracement to
around 750 . Seems like the index is comfortable trading back to
that level...
Submitted by Tyler
Durden on 12/12/2012
" There’s a problem with kicking the can down the
road" - Ben Bernanke, (December 12 2012)... We’ve taken
this quote out of context - Bernanke was actually talking about the fiscal
cliff, and not monetary policy; but kicking the can down the road is exactly
what Bernanke is doing in his domain. Instead of letting the shadow banking
bubble burst and liquidate in 2008, Bernanke has allowed it to slowly deflate,
all the while pumping up the traditional banking sector with heavy, heavy
liquidity. The reduction in shadow
liabilities remains a massive deflationary and depressionary force
(and probably the main reason why a tripling of the monetary base has not
resulted in very severe inflation). Trillions and trillions of liquidity later, Bernanke is barely keeping
the system afloat. We chose the path of Japan (which
has spent the last twenty years depressed) not the path of Iceland (which is
emerging from its depression). We chose to kick the can down the road. The system is rotten, and
the debt load is unsustainable.
Submitted by Tyler
Durden on 12/12/2012
The strength of the Japanese stock
market over the past few weeks has been at once heralded as anticipation of
Abe's policies and the renaissance of this island nation's faltering reality.
However, as Bloomberg's chart of the day points out, this performance trend
(just as we saw in sentiment and market performance in the US) is absolutely normal heading into an
election. As the chart below shows, the election day (on average) has marked a significant short-term top in
the market 12 of the last 13 previous cycles . So while Jeff
Gundlach is short JPY and long NKY, we suspect there will be a better entry
point for the latter 'lomg' leg just a few days after the election landslide.
As Daiwa's Soichiro Monji noted "Investors buy on promises and ideals up
until the election. When the parliament starts
a normal session, they will start trading on reality ."
Submitted by Tyler
Durden on 12/12/2012
Consider the consequences of the efficient subsidizing the inefficient. As long as the surplus generated by the efficient is
larger than the cost of supporting the inefficient, the system can continue. But once the
cost of subsidizing the inefficient exceeds the surplus generated by the
efficient, the system is doomed to eventual insolvency. There is one way to fill the deficit, of course: borrow money. This is the
strategy being pursued by the Status Quo in developed and developing economies
alike. As long as the inefficient are protected from competition and amply
subsidized, there are no incentives to become more efficient. In effect,
becoming more inefficient is rewarded . What happens when the efficient
sectors that are propping up a vast array of inefficient sectors falter? The
politically expedient answer is of course to borrow more money. But that
creates another kind of financial fragility. Borrowing money only masks the fragility for a time , while adding
another layer of fragility beneath the apparently prosperous surface.
Submitted by Tyler
Durden on 12/12/2012
To paraphrase Tim Geinter: "Risk of
the Fed ever ending its monetization? No risk of that. " Why? Because as the FMS just reported, the
February budget deficit was $172 billion, up $52 billion from a month ago, and
$35 billion from a year ago. In brief: in the first two months of Fiscal 2013, the US accumulated a $292 billion budget deficit (compared to
$236 billion a year ago), a number which is simply scary when annualized. What
does this mean? That as long as the Treasury runs $1+ trillion budget deficit,
the Fed will never, ever be allowed to stop monetizing, especially with China
and the other legacy foreign borrowers just saying nein . Which in turn
means that it will now be in the Fed's favor to paint the economy with uglier
colors (recall that the Fed now needs unemployment deterioration to have infinite
free monetization reign). Does this mean that going over the Cliff is now an
absolute certainty.
Submitted by Tyler
Durden on 12/12/2012
It has been three years and nine months
since the Fed announced 'real' QE1. Presented for your convenience below is the
market's reactions then and for comparison we have included today's reaction. It seems the markets - whether Gold, FX, or Treasuries -
have become numb (or engorged) on the Fed's actions . This leaves us
with the sad conclusion, which the Fed will be last to acknowledge: the ammo,
it's gone. It's all gone.
Submitted by Tyler
Durden on 12/12/2012
It has been a while since we looked at the Baltic Dry Index, which when
normalizing for the excess glut in dry container ship supply (such as right now
- 5 years after all the excess supply in the industry - has long been
normalized), continues to be one of the best concurrent indicators of global shipping and trade . We look at it
today, moments ago it just posted an epic 8.2%
plunge, crashing from 900 to 826, or the biggest drop since 2008! Of course,
conisdering the collapse in global trade confirmed in past days by both Chinese
and US data, this should not come as a surprise, although we are certain it
will merely bring out the BDIY apologists who tell us that supply and demand
here (like in every other Fed-supported market) are completely uncorrelated.
Submitted by Tyler
Durden on 12/12/2012
Here come the
low margin products: Apple Tests Designs for TV ( WSJ )
Obama and
Republicans Trade Offers to Avert Fiscal Crisis ( BBG )
Carney broaches
dumping inflation target ( FT )
Bernanke
Critics Can’t Fight Bonds Showing No Inflation ( BBG )
Corporate Taxes
on Table in Cliff Talks ( WSJ )
US business
chiefs back tax rise ( FT )
Greece
Confident Bond Buyback Needed for Aid Succeeded ( BBG )
New Faith in
Europe's Banks ( WSJ )
European Bank
Sees Little Room for Rate Cuts ( WSJ )
North Korea
Claims Success in Rocket Launch ( WSJ )
Submitted by RANSquawk
Video on 12/12/2012
12-11-12
Dave’s Daily: http://www.etfdigest.com ‘RUMORS OF DEAL COME AND GO 12-11-12
Traders are getting jumpy as rumors of
fiscal cliff deal come to fore then fade once again. A deal may be in the
negotiation process which many pundits believe would include tax hikes on the
so-called rich in exchange for immediate entitlement reforms. There’s no
question both sides need to get something they want out of any deal. Stocks are
subject to unfounded rumors planted by algos and others to front-run and
suck-in unsuspecting investors. Tuesday’s stock market ramp featured some late
day selling after Harry Reid asserted republicans were “holding up middle class
tax cuts” saying there will be no deal by Christmas. (That threatens to upset
the president’s body surfing plans at Kailua beach.) Meanwhile John
Boehner repeated a previous comment that the president is “slow-walking
negotiations”. But this is what they do—create enough pressure from one side to
another until the other side blinks. Until a deal is done you can expect plenty
of volatility on any rumor, planted or otherwise.Below are two charts from a
lengthy slide presentation authored by Mary Meeker from KPC ( Kleiner , Perkins, Caufield & Byers). In it are some fascinating views of how our world
might look in the decades ahead. No taxes on the rich or anyone will cure these
imbalances—it’s the math.
http://albertpeia.com/davechart121112no1.gif
http://albertpeia.com/davechart121112no2.gif
The other
market moving item on the agenda remains The Fed which will announce another
policy decisions Wednesday afternoon. Some expect Bernanke & Co to extend
QE3, end Operation Twist, announce an exit date (as if) and other measures to
stimulate growth and, of course, jobs.Bulls generally feel a deal will be made and
like to tell us about all the money on the sidelines. It’s more likely money
coming out of the Fed’s
printing press methinks.Tech
(QQQ) & (XLK) led markets higher given a short squeeze in Apple (AAPL) with
cheerleaders for the stock amping up their megaphones as the past few months
have them quite flummoxed and depressed.Bonds (TLT) fell as stocks rallied
which is typical. The dollar (UUP) was lower (a favorite event for stock bulls)
while gold was slightly weaker. The latter decline likely means bulls would
rather be in stocks for that “risk on” moment. Commodities (DBC) overall
were weaker on metals. Beyond all the hoopla, volume was again light but breadth
per the WSJ positive…’
http://theeconomiccollapseblog.com
http://albertpeia.com/chinajobsnotcomingback.htm
Submitted by Tyler
Durden on 12/11/2012
Minutes before Michigan Governor Snyder
signed the 'Right-To-Work' bill into law , Teamster leader Jimmy Hoffa appeared on CNN,as seen in the
clip below, warning that: "This is just the first round of a battle that's
going to divide this state. We're going to have a civil war ," as the bill to
weaken unions' power is passed.
{ There is an exception to the hearsay rule known as a dying declaration;
the rationale being that a person would not ‘go his maker’ with a false
statement/declaration to ‘taint his soul’. Interestingly, I had occasion to
know a very intelligent, learned man who was indeed dying, in a death spiral if
you will. A lawyer by profession, he had taken an interest in another lawyer’s
history; none other than Abraham Lincoln himself. Curiously I thought at the
time, though even then, some decades ago (long before the internet), I realized
that you were never getting the whole, correct, true story from american media
( I was fortunate in sixth grade to have had a great teacher, James Bresnahan,
who allowed for ‘expansive’/accelerated learning in what he took the time and
trouble to provide as an advanced reading group. Among the subjects was that
knowledge/thinking-tainting phenomena known more commonly as propaganda). After
all, a long dead president; and, one who famously suffered from recurring bouts
of severe depression could hardly be the object of, from my view, intense
intellectual interest and scrutiny. Yet, he was fixated on what he deemed
somewhat a surprising revelation; viz., from his intense study, Abe was not
‘Honest Abe’ but rather, was a thief. I was aware that in fact, Lincoln found
niggers somewhat appalling and initially opposed ending slavery and those who
favored same, viz., the abolitionists, etc. (niggers are a same old old story
of lazy, unproductive, inherently very uncivilized criminal people who are
fun-luvin’ for games, partying, and getting high only. Even the incisive Shakespeare
euphemistically referred to the ‘typicality’ of the inherently untrustworthy
and without sense of honor, ‘noir’ [french for black]. The ultimate politician,
Lincoln ultimately did, in rallying his ‘stalwarts’, back the abolitionist
cause. I personally feel the people of the south were foolish in bringing
vanquished niggers, sold into slavery by other niggers who vanquished them, to
this already now blemished land. Moreover, as today, the niggers and the
abolitionist cause had provided fodder for politics of all sorts, including that of Lincoln.
Indeed, even today, spielberg who is famous for his pro-jewish
‘politicking’/propaganda (even the first Indiana Jones movie was heavy on the
Arab/Nazi transference propaganda) has found a way to make film-making pay for
him and the democratic party by way of the misguided, inaccurate view of
Lincoln as the anti-slavery icon he is speciously depicted as. Civil war?
Hoffa, like his mob-connected, then disconnected (permanently) father is old news.
The truth is that their own done them in (as was so of hoffa’s father) with
NAFTA, etc., as they themselves foolishly laughed at their real would-be
saviors, ie., Ross Perot, etc.. The reality is, there is literally nothing that
can’t be produced better and cheaper and without paying the shake-down bribe
from the teamsters et als for doing absolutely nothing (as is true with the
other niggers, et als, entitlements, etc.), elsewhere. Twinkies anyone? }
U.S.
Army Starts Targeting Children Posted by : George Washington Post date: 12/11/2012 - American Military Starts Assassinating Children Obama and the American military label all young men –
between the ages of say 15 and 35 - who happen to be in battle zones as
suspected insurgents who they can target and kill. Under the Bush
administration, children were tortured . Now, the U.S.
military is starting to target children for
assassination in battle zones. As the Nation reports : In a despicable article
in Military Times , the US military says that children are legitimate
targets in the war in Afghanistan … War
crimes ? It would appear
so . But the U.S. government exempts
its own acts from the definition of terrorism, even as it labels others as
terrorists for doing the exact same things .
Submitted by Tyler
Durden on 12/11/2012
Now that is a rattling sabre. While
markets for now are seemingly shrugging off this 'fly-by', we suspect the
people of Okinawa were more than a little surprised:
*NORTH KOREA LAUNCHED ROCKET AT 9:51 AM LOCAL TIME:
YONHAP
*N. KOREA ROCKET LAUNCHED IN SOUTHERLY DIRECTION,JAPAN
GOVT SAYS
*N. KOREA ROCKET PASSES OVER JAPAN'S OKINAWA, NHK SAYS
*JAPAN GOVT: NO ORDER GIVEN TO SHOOT DOWN N.KOREA ROCKET
*N. KOREA ROCKET EXPECTED TO FALL IN SEA EAST OF
PHILIPPINES:NHK
Submitted by Tyler
Durden on 12/11/2012
Last week we noted: "...when
taking into account the recent slate of economic weakness, post-election we are likely to see many of the recent job
gains revised away as the data aligns itself with overall economic activity ...." Since that time
jobless claims did indeed rise, and with the release of the November jobs
report, we saw the previous two month's gains in employment revised down by a
total of 49,000. What is important to remember is that the BLS only publishes
revisions to the prior two months even though it has data for months prior.
This is why the annual revisions to the employment data can be
significant. Furthermore, given
the weakness in the employment components of the major economic surveys , as shown by
the composite employment index, we
should expect to see negative revisions to the 2012 data employment data next
year . While it is too early to say that employment has peaked for this current
recovery cycle - there is mounting evidence that this may indeed be the case.
Submitted by Tyler
Durden on 12/11/2012
There is "no point" earning
less in a minimum wage job is how Leanna Broderick - 20-year-old mother of two
- justifies the benefits she claims adding that "she is better off on benefits" and would not get
a job unless she could continue her luxury lifestyle, which includes designer
outfits, holidays abroad, clubbing, lunches out and expensive gifts for her
daughters Zelekah, two, and Zakirah, one . The UK's
Daily Mail reports that Leanna saved GBP2,500 (~USD4,000) last year while
living on GBP15,480 (~USD25,000) which she intends to spend on iPads and gold
earrings for her kids - adding that "This way, taxpayers know I'm
raising two well-brought-up kids." However, all is not rosy in
Leanna's house as she fears next year may not be so lavish because of
Government benefits cuts. "I'm not against the cuts, but only if the
Government helps me find a job," she said, "In the meantime, I’ll stay on benefits and get as
much as I can out of it."
Submitted by Tyler
Durden on 12/11/2012
Fed Seen
Pumping Up Assets to $4 Trillion in New Buying ( BBG )
China New Loans
Trail Forecasts in Sign of Slower Growth ( BBG )
U.S.
"fiscal cliff" talks picking up pace ( Reuters )
Insider-Trading
Probe Widens ( WSJ )
U.K.'s Top
Banker Sees Currency Risk ( Hilsenrath )
Three Arrested
in Libor Probe ( WSJ )
Nine hurt as
gunmen fire at Cairo protesters ( Reuters )
Egyptian
President Gives Army Police Powers Ahead of Vote ( BBG )
Pax Americana
‘winding down’, says US report ( FT )
Japan Polls
Show LDP, Ally Set for Big Majority ( DJ )
HSBC to pay
record $1.9 billion U.S. fine in money laundering case ( Reuters )
Submitted by RANSquawk
Video on 12/11/2012 - 07:14
Sales of
American Eagle Gold Coins Soar
FT.com | U.S. Mint’s
sales of gold eagles leapt 131 percent in November.
How
the Government Is Coming After Your IRA and 401(k) Plan
Robert Wenzel | There are
huge amounts of money in these plans, which makes it very tempting for
government to try and get at it.
Poor
Californians to Get Free ‘Obama Phone’
Paul
Joseph Watson | Program is funded by ‘tax’ on telecom customers.
Fed
Seen Pumping Up Assets to $4 Trillion in New Buying
Bloomberg
| The Federal Reserve will amplify record accommodation tomorrow by announcing
$45 billion in monthly Treasury buying that will push its balance sheet almost
to $4 trillion.
Sales of
American Eagle gold coins soar
Financial
Times | Demand for gold coins in the US has soared since the presidential
election, as small investors fret about the lack of action to address America’s
ballooning debt.
Banking
giant HSBC to pay Ł1.2bn to settle U.S. probe into money-laundering for Mexican
drug cartels
UK
Daily Mail | British banking giant HSBC will pay Ł1.2billion ($1.9billion) to
settle a money-laundering probe by federal and state authorities in the United
States, a law enforcement official said on Monday.
Peter
Schiff: The Majority Doesn’t Have A Right to Steal My Money Just Because They
Vote For It
CNBC | CNBC’s Eamon
Javers reports the latest developments on “fiscal cliff” talks in Washington.
http://theeconomiccollapseblog.com
http://albertpeia.com/15signseconomyworsefor2013.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/unemploymentnotgoingdown.htm
12-10-12
Dave’s Daily: http://www.etfdigest.com ‘ INVESTORS BIDING THEIR TIME 12-10-12
U.S. stocks
barely had a pulse Monday. Investors are camped before Wednesday’s Fed meeting
result and any rumors from “fiscal cliff” negotiations. (Typing “fiscal cliff”
is getting as tiresome as was typing Y2K and Greek debt previously.) The economic
news from China was
positive as Factory Output jumped (10.1% vs 9.8% expected) and the country’s
Retail Sales climbed (14.9% vs 14.6% expected). However, export growth weaker
(2.9% vs 9% expected.) Putting on my Clouseau hat I’d say increasing internal
demand is prominent in the country. How long that lasts or much you trust their
data is another thing as most of the developed world heads toward recession. In
fact their neighbors in Japan are now officially in
recession. Nevertheless, markets most heavily impacted by China
(EEM, EWH, AAXJ, EWA, EWW and so forth) are carrying the bullish trade for now.
Meanwhile the drama queens in the eurozone just won’t leave us be for any
length as now Italy’s Monti is resigning and rumors swirled that Berlusconi
might stage a comeback. There as everywhere in debt-plagued eurozone countries
the popular will is reduce austerity. All this caused eurozone shares to fall
initially then shift to mostly unchanged even as Italy suffered a flat tire.
The dollar (UUP) was flat overall and gold (GLD) prices rose. Commodities (DBC)
were weaker led lower by energy (USO) but held up by base metals (DBB). Bonds
(IEF) were flat. Stocks were led higher by small caps (IWM), transports (IYT)
and not much else. In this
environment with trading very light you can expect the rumor mill to drive
stocks one way or another easily as algos and HFTs own the tape…’
December 10, 2012 http://gainspainscapital.com
http://albertpeia.com/useustylenegotiations.htm
December 10, 2012 http://gainspainscapital.com
http://albertpeia.com/2economicdevelopments.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/15signseconomyworsefor2013.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/unemploymentnotgoingdown.htm
Submitted by Tyler
Durden on 12/10/2012
While
some saw the clip of the lady implying
'victory for Obama means phones for everyone' as perhaps exaggerated
out-of-context right-wing propaganda - as that would be preposterous right?
- it appears San Francisco took it a little more serious. As SFGate
reports , the California Public
Utilities Commission is expected to approve (within a couple of weeks) a plan
to offer homeless and other poor people in California 'virtually free cell
phones and service' . The plan is funded through the federal LifeLine program
and is designed to enable these individuals to 'keep in touch with family,
potential employers and others crucial to improving their lives'. "This is
great - it is transformative for homeless and low-income people," said San
Francisco's head of homeless initiatives, adding that, fundamentally, to be in the mainstream of our society you
have to have a phone ." Setting up the program in California has been no
easy task, officials said. "I
would prefer it to be free..." said Dufty, and said he would explore other funding sources. Perhaps worth
remember the cost of
kidding ourselves once again.
Submitted by Tyler
Durden on 12/10/2012
The CBO
has outlined a number of options for balancing the budget (full paper
below). From 'Increases In Tax Revenue' to 'Cuts to Annually Appropriated
Spending' and 'Cuts to Benefits or Entitlements', it's all here in a handy
Do-It-Yourself Interactive Deficit-Reduction Plan tool from WSJ . All
'compromises' welcome...
Submitted by Tyler
Durden on 12/10/2012
Some have argued that a
fiscal-cliff-impacted US economy would enter a recession as hard as Manny
Pacquiao hit the canvas on Saturday night but for most of the nation it seems
the fiscal cliff is of secondary importance... Will
Pacquiao-Marquez 5 coincide with Debt-Ceiling II?
Submitted by Tyler
Durden on 12/10/2012
These three letters - C.A.B. - might
just be the Dis-Humor story of the day. NPR
reports that more than 200 schools across California are coming to the shocking
realization that the upfront cash they needed so badly came at quite a price.
These 'Capital Appreciation
Bonds' are unlike normal bonds (requiring regular coupon payments and
principal repayment); instead they provide the 'lent' money upfront and defer all interest and repayment to some magical faery
land time in the future (by which time the interest accrued has
grown exponentially as the interest accrues on the rising 'principal plus
previously accrued interest'). Brilliant - as the Guinness chaps might say. So
California schools are now undertaking PayDay or loan-shark style loans
defending the idiocy of super-short-term thinking with such statements as
"Why would you leave $25 million on the table?" referring to the
upfront cash that one Treasurer was able to get his hands on - with clearly no
comprehension of the financial instrument's massive convexity. California State
Treasurer Bill Lockyer said "It's
the school district equivalent of a payday loan or a balloon payment that you
might obligate yourself for, so you don't pay for, maybe, 20 years - and
suddenly you have a spike... It's so irresponsible."
Submitted by Tyler
Durden on 12/10/2012
Behold the fund-tastic
four : Ireland, Greece, Spain and... the US? These are the four countries that
in the past four years have accumulated the greatest deficit as a % of GDP (and yes, at
just under 50%, the US is worse
than Spain whose cumulative deficit has been over 40% of GDP), which in
turn they have had to fund with what else: new debt.
Submitted by Tyler
Durden on 12/10/2012
"They say this is not massive money printing, but first they are
wrong; and second, monetary authorities in the United States did not see the
crash coming and the unsoundness of the financial system. In fact, right
up until the crash they were saying that
nothing like what happened could ever happen ... This monetary policy, $3 trillion of bond buying in the
United States, $3 trillion in Europe and another $2.5 trillion to $3 trillion
in Japan, is unprecedented. ... If and when people lose confidence in
paper money because of repeated bouts of quantitative easing and zero-percent
interest rates— it could happen suddenly
and in a ferocious manner in the commodity markets, in gold, possibly in real
estate—interest rates could go up at the long end by hundreds of basis points
in a very short time . I’m quite concerned as a money manager
that we have to manage money, not just for the boundaries of what’s in front of
our faces—maybe we’ll have a little tax increase or not, the fiscal cliff, or
the stock market might go up or down 10% or 15%—but for a basic shift. The thing that scares me most is significant inflation,
which could destroy our society. "
Submitted by Tyler
Durden on 12/10/2012
One thing that has undergone
hyperinflation in recent years is the length of financial regulations. Big,
messy legislation leaves legal loopholes that clever and highly-paid lawyers
and (non-) compliance officers can cut through. Bigger and more extensive regulation can make a system
less well-regulated . We propose that this is what the big banks will use
Dodd-Frank to accomplish. We predict that the regulatory hyperinflation will
make the financial industry and the wider economy much more fragile .
Submitted by Tyler
Durden on 12/10/2012
Since the crisis first began in 2006,
developed world equities are still lower, real GDP has struggled to grow above
its pre-crisis peak in most countries, core bond yields are sharply lower with
peripheral yields higher and with credit yields generally performing well
albeit it with fairly extreme volatility. Credit has been helped by the fact
that the authorities way of dealing with this crisis to date has been through money printing and liquidity facilities to help prevent
mass defaults which, as is is clear in the chart below, has led to a
weakening in the normal relationship between GDP and defaults. Just as one of
the features of the last 20 years in Japan’s post-bubble adjustment and lost
growth period is that defaults have remained very low; it appears as long as money printing props up the debt market,
defaults are likely to be much lower than the underlying economic environment
suggests they should be. However, as we
noted previously , the mark-to-market volatility on the way may just become
too much to bear for all but the most long-term bond rotators.
Submitted by Tyler
Durden on 12/10/2012
Excessive monetary stimulus and low interest rates create financial
bubbles. Seymour Pierce's Thunder Road report notes that central banks are creating the ultimate bubble in money
itself, as they fight the downward leg in this Long Wave cycle . This is the
biggest debt bubble in history. Each time deflationary forces re-assert
themselves, offsetting inflationary forces (monetary stimulus in some form)
have to be correspondingly more aggressive to keep systemic failure at bay. The
avoidance of a typical deflationary resolution of this Long Wave is incubating a coming wave of inflation . This will not
be the conventional “demand pull” inflation understood by most economists. The end game is
an inflationary/currency crisis, dislocation across credit and derivative
markets, and the transition to a new monetary system , with a new reserve
currency replacing the dollar . This makes gold and silver the “go-to” assets for capital
preservation .
Submitted by Tyler
Durden on 12/10/2012
If anyone needs a definitive
confirmation that when it comes to predicting the future, "expert
economists" are not only completely clueless but always approach the
future with a baseline of endless and unquestioned bullishness, which in the
past decade has ended up being humiliatingly wrong, we present the following
charts from Deutsche's Jim Reid, showing the jawdropping cumulative error rate
in GDP forecasts in the past decade among those countries that make the
headline news every day. What do the charts show: in the 9 years since the
first forecast in October 2003, these
6 countries are 20.5% (Italy), 16.9% (Spain), 10.4% (France), 3.7% (Germany),
11.3% (UK), and 15.8% (US) behind on a cumulative basis what economists
forecast back in 2003! This forecasting error has become more
severe since the crisis begun. Since October 2007 (i.e. for the 5 years between
2008-2012) we are 16.4% behind
cumulative forecasts in Italy, 18.1% in Spain, 10.6% in France, 7.0% in
Germany, 14.7% in the UK and 10.6% in the US.
Submitted by Tyler
Durden on 12/10/2012
The hoaxes remain and grow more
cumbersome and obvious every day - and yet, the headline-reading machines and
self-referentially-biased managers of stocks justify just one more BTFD
episode. To wit, Mark Grant discusses the Greek buyback debacle with its political (and entirely
not economic) mandate , noting "Mr. Draghi knows the truth and Ms.
Lagarde knows the truth and their credibility is whacked once again;" Berlusconi's
potential return in Italy and the hoax of any pretense of an entente cordiale
re-emerging between north and south flies out the window; the 'tax the rich' hoax as a solution for years of
profligate spending and the 'then vs us' meme that is increasingly spewed
forth from DC; and the ultimate hoax of Bernanke's money printing morasse.
Happy Monday.
Submitted by Tyler
Durden on 12/10/2012
Regular readers are aware that one of
our favorite data series when it comes to demonstrating the quality aspect of the
American "recovery" (the quantity is sufficiently
taken care of with part-time workers filling in positions without benefits and
job security in the New Normal) is that showing the annual average hourly
earnings growth in nominal terms, which in November posted the tiniest bounce
from its all time low print of 1.2%, rising to 1.3%. The problem as noted
above, is that this is nominal wage growth. It therefore excludes the impact of
inflation which according to the CPI, rose by 2.2% in October, or, in other
words, wage growth was negative
in real terms. But it wasn't negative only in October and November. When
one takes the Y/Y change in average hourly earnings and subtracts the Y/Y change in
CPI one gets a very troubling picture: wages have risen below the rate of inflation for 22 consecutive months,
with real wages printing their last positive number back in January 2011 and
negative ever since!
Submitted by Tyler
Durden on 12/10/2012
In a perfect trifecta of disappointment,
overnight we had reality reassert itself with a thud as first Japan reported
weaker than expected GDP which contracted for a second consecutive quarter and
which technically sent the country into yet another recession, merely the
latest one in its 30+ year deflationary collapse. Which isn't about to
get better : "Analysts expect another quarter of contraction in
the final three months of this year due to sluggish exports to China, keeping
the Bank of Japan under pressure to loosen monetary policy as early as this
month." Of course, there is hope that the new, old PM, Abe will restore
money trees and unicorns and get Japan to a 3% inflation target, without
somehow destroying bank and insurance co balance sheets in the process, all of
which are loaded to the gills with JGBs set to collapse should inflation truly
return. Then after Japan, China reported miserable trade data, which flatly
refuted all hopes of an economic pick up both in the mainland and across the
world. Perhaps the reason China can not openly fudge its trade data, unlike its
GDP, inflation, retail sales, industrial production and all those other
indicators that none other than the incoming head of government Li Keqiang
said are for "reference only " (a fact conveiently ignored when
they are all going up, and duly noted when China is self-reportedly sliding)
because other countries report the counterparty data and it is very easy to
catch China lying in this particular case. And finally there was Europe...
Submitted by Tyler
Durden on 12/09/2012
And we thought last month's delayed
foodstamp data was bad. The just reported foodstamp number for September
was a doozy, with 607,544 new Americans becoming eligible for foodstamps, as a
record 47.7 million Americans are now living in poverty at least according to the USDA . The monthly
increase was the highest since May 2011, and with August's 421K new
impoverished America, over 1 million Americans made
the EBT card their new best friend. It is unclear just which atmospheric
phenomenon will get the blame for this unprecedented surge in poverty, which
comes at a time when the pre-election economic data euphoria was adamant that
the US economy was on an escape velocity to utopia. Instead what we do know is
that in August and September, over three times as many foodstamp recipients
were add to the economy as jobs (324,000). We also know that with the imminent
impact of Sandy, which will send foodstamp recipients soaring, it is now
looking quite possible that the US may end 2012 with just over a mindboggling
50 million Americans living in absolute poverty and collecting the $134.29
average monthly benefit per person, instead of working. Welcome to the recovery
indeed.
Submitted by Tyler
Durden on 12/09/2012
In France, Minister for Energy and
Environment Delphine Batho recently
proposed a light curfew to pertain to “in and outside shops, offices, and public
buildings” between 1 a.m. and 7 a.m. beginning next July. Some merchants are up
in arms as the rule adds to existing bans such as the forced closing of stores
on Sunday and night shopping in general. If enacted, the illumination ban will
quickly disperse Paris’s reputation as the “City of Light.” France’s Commercial
Council is criticizing the decision as being anti-business and economically
damaging. However, the fact that these assumed defenders of free enterprise are
surprised at such a proposal is the real puzzle. In a country run by a
government that is happily bloodletting the productive capacity of the people
through a hike on the income tax and a tax on financial transactions, this
latest nanny-state resolve should be fully expected. It is not a power grab but
a mere reassertion of the authority the central state has over the private
affairs of society. The “lights out” edict is just another piece of evidence of
a disturbing truth: the road to serfdom is not ahead of the West; we have
already reached its end.
Submitted by Tyler
Durden on 12/10/2012
Central Banks
Ponder Going Beyond Inflation Mandates ( BBG )
Bloomberg
Weighs Making Bid for The Financial Times ( NYT )
Hedge Funds
Fall Out of Love with Equities ( FT )
Obama and
Boehner resume US fiscal cliff talks ( FT )
Italy
Front-Runner Vows Steady Hand ( WSJ )
Spanish Bailout
Caution Grows as Business Lobbies Back Rajoy ( BBG )
Japan sinks
into fresh recession ( Reuters )
China economic
recovery intact, but weak exports drag ( Reuters )
Greece extends
buyback offer to reach target ( Reuters ) ... but
on Friday they promised it was done
Basel Liquidity
Rule May Be Watered Down Amid Crisis ( BBG ) ... just
before they are scrapped
Irish, Greek
Workers Seen Suffering Most in 2013 Amid EU Slump ( BBG )
12-07-12 Dave’s Daily: http://www.etfdigest.com ‘EOCNOMIC DATA HOLDS SURPRISES Out of the gate this morning was the
whopping surprise in the monthly employment report (146K jobs added vs 85K
expected & prior 171K) and the unemployment rate dropped (7.7% vs 8%
expected & prior 7.9%). This looked great didn’t it? But it wasn’t. And,
algos don’t look too far under the hood at details but those were awful. The
largest gain was in retail (part time holiday workers) followed by Hospitality
and Leisure and Waste Services (Sandy?) while Construction jobs lost 20K. More
importantly, the labor participation rate (only 63.6%) declined again as the
number of people out of the work force increased by a stunning 540K people. In
the end, more than 200K workers stopped looking for work.http://albertpeia.com/daveschart12712no1.gif
Further inside the numbers are two charts that really
indicate what’s happening within age groups.
http://albertpeia.com/daveschart12712no2.gif
http://albertpeia.com/daveschart12712no3.gif
Stocks rallied
initially on the employment report as algos jumped on the headline beat but
then settled lower after the largest miss in history for Consumer Sentiment
(74.5 vs 82 expected & prior 82.7). The combination of these two reports
became a head scratcher for investors. Consumer Credit expanded to $14.2
billion vs $12 billion expected with most of this allocated to the expanding
Student Loan bubble. The latter is now over $1 trillion with 11% now over 90 days
past due. (Isn’t it curious how “$ trillion” is now ubiquitous in our
dialog?)Meanwhile in fiscal cliff news House Speaker John Boehner had a
mini-press conference where he stated: “Obama is slow-walking to the fiscal
cliff.” An hour later House Minority Leader Nancy Pelosi gave a
rambling press conference which was relatively hard to understand. She
indicated (something rumored) that raising the tax rate to 37% vs 39% as
expected she may not know if that will bring in enough money. Frankly, even
taxes at 39% won’t bring in enough money to change the deficit and debt much.
Frankly, it’s all a game but we must assume negotiations are continuing among
parties behind closed doors.In China markets rallied on the “belief” economic
data released this weekend will be positive. The euro (FXE) continued to fall
as the German Bundestag cut economic forecasts reiterating what the ECB
forecast Thursday. Naturally this meant the dollar (UUP) rose but moderated
after employment and Consumer Sentiment data was given a second look.Large cap
stocks (IBM, CVX, MCD, WMT and so forth) continued to climb while tech fell
once again led by renewed selling in Apple (AAPL). The assumption with some
stocks like Apple has to do perhaps as forced hedge fund liquidations add
collateral damage to other investors as stops are hit as selling feeds on
itself for now. Financials (XLF) and banks (KBE) were also leaders.Bonds (IEF)
were weaker and this may be a defensive move as the Fed meets again next week.
Commodities (DBC) (USO) weakened on the higher dollar and fears over weakening
global economic growth. Gold (GLD) was flat overall and may also be seeing some
hedge fund liquidation as many very large funds have heavy weightings in the
metal. ( Paulson’s funds for example) Speaking of hedge
funds, the mammoth SAC hedge fund has seen fund managers now named as
co-conspirators in the insider trading case recently uncovered by the SEC. In the late Friday news dump is a note
from MarketWatch that key SEC commissioner Aguilar is willing to allow
floating NAV money market funds . This could drive
money away from brokerage accounts and be a big deal. Volume on Friday was again quite light
while breadth remained mixed…’
Big
banks planning layoffs Marketwatch It's not going to be happy holidays for many on Wall
Street as word comes that Citi won't be the only bank laying off workers before
year-end.
December 7, 2012
http://gainspainscapital.com
http://albertpeia.com/3chartsinvestorsmustsee.htm
Submitted by Tyler
Durden on 12/07/2012
By now there can be no doubt that due to
Bernanke et al' s endless intervention in any and all capital markets,
the "market" is no longer a mechanism that discounts the future in
any way. In fact, instead of predicting the future, all the market has become
is a backward looking race in which collocated algos respond to historical data
- flashing red headlines - and attempt to out run each other in who can buy or
sell more free for all, knowing full well at least one other greater fool will
be behind them to pick up the pieces. Sadly, fundamentals as a driver to
valuaton no longer exist. But such is life under central planning. Yet
there is one thing that the market responds to - it is politicians and the
uncertainty that political risk brings with it. This certainly includes that
most political of organizations, the Federal Reserve, whose stimulative
intervention into capital markets two months before the presidential elections
was without precedent. Yet even here, the market has managed to decouple from
reality, and is trading at level far greater than what political uncertainty
risk implies. As the chart below from Citi's Matt King shows, a correlation
between BBB spreads and a broader proprietary uncertainty index, there is currently a roughly 50% political risk premium
that is not being priced into stocks.
Submitted by Tyler
Durden on 12/07/2012
Being forced to endure and survive a
catastrophic macro event like a monetary or social collapse is perhaps one of
the worst experiences I could imagine. Such a crisis leads to just about
every crime and inhuman action in existence, and, the time required for a
culture to right itself and rebuild is severely protracted. A hurricane
or earthquake or tidal wave; these calamities are short lived and easy in
comparison. The point is, as survivalists who are preparing to make an
economic end-game scenario as “comfortable” to live through as we can, it is incumbent
upon us to consider the kind of company we keep during the gambit. Some
allies will make that mad world bearable; others will bring the madness to your
doorstep.
Submitted by Tyler
Durden on 12/07/2012
Following the passage of ObamaCare, several of the smartest people I know claimed
that the bill was actually written by and for the drug and insurance companies
rather than “the people” as Obama had claimed . In recent
days it has emerged that Liz Fowler, who is said to have been one of the key
architects of ObamaCare, is doing what any good revolving door crony capitalist
would do. She is moving to the private sector to receive her payoff.
Revolving door on Wall Street. Check. Revolving
door at the Pentagon . Check. Revolving door in Healthcare.
Check mate. Welcome to America.
Check your freedom at the door.
Submitted by Tyler
Durden on 12/07/2012
We face one of the deepest crises in
history. A prognosis for the economic future requires a deepening of the
concepts of inflation and deflation. Inflation is a political phenomenon
because monetary aggregates are not determined by market forces but are planned
by central banks in agreement with governments. Inflation is a tax affecting
all real incomes. Inflation is a
precondition of extreme deflation: depression . Should in
fact the overall debt collapse, there would be an extreme deflation or
depression because the money aggregate would contract dramatically. In fact the
money equivalent to the defaulted debt would literally vanish. It is for this
reason that central banks monetize new debt at a lower interest rates, raising
its value. All the financial bubbles
and the mass of derivatives are just the consequence of debt monetization. How will this
all end? In history, debt monetization has always produced hyperinflation. In
Western countries, despite the exponential debt a runaway inflation has not yet
occurred. Monetary policy has only inflated the financial sector, starving the
private one, which is showing a bias towards a deflationary depression. Unfortunately governments and banks will go for more
inflation. As history teaches, besides money the freedom of citizens can also
be the victim.
Submitted by Tyler
Durden on 12/07/2012
According to Reuters: " Canadian authorities have approved the acquisition of
Nexen Inc by China's CNOOC Ltd, a source familiar with the matter said on
Friday ." It appears Canada decided against infuriating
Chinese M&A overtures after all, imminent protecetionist political kneejerk
reaction notwithstanding.
Submitted by Tyler
Durden on 12/07/2012
Your comprehensive yet concise, one-stop
summary of all the bullish and bearish events of the past week.
Submitted by Tyler
Durden on 12/07/2012
Of course, it makes perfect sense - the
largest market cap company in the world drops further and experiences a death
cross and sure enough - the evergreen
Dow Jones Industrial Average ended near the highs of the day - well north of
the critical 'retirement-on' 13,000 . In general risk-assets were
quietly correlated with stocks today (amid relatively quiet volume on the major
averages) but we note that the capital structure ETFs in general were less
exuberant - though they did get a little bounce after the consumer credit data.
All-in-all, the Dow stood alone in its
non-AAPL exuberance as the rest of the market was mired in the sentment
shift that is occurring (note the Dow saw ts 50DMA cross below its 100DMA and its
closed perfectly intersecting with those averages) . Must be the
'great' jobs number, right? Treasury yields end near their lows of the week,
USD near its highs, Gold down on the week though at 3-day highs (supporting
stocks), and high-yield credit weak
today . Paging Skynet...
Submitted by RANSquawk
Video on 12/07/2012
Submitted by Tyler
Durden on 12/07/2012
In just over one hour the Canadian
government will hold a press conference on the troubled Nexen/CNOOC deal: a
deal that will make or break many M&A merger arbs or 2012. And judging by
the algo reaction in the past few minutes, i.e., the complete collapse in NXY
stock, the deal is off. So who is about to get crushed? Below is a sort of all
hedge and mutual funds who added the most NXY stock in Q3, i.e., those who
decided to pick pennies in front of a steam roller in hopes the Canadian
government lets the deal through, with far more downside than upside if said
assumption fails. All we can say is: Oops Paulson.... Again.
Submitted by Tyler
Durden on 12/07/2012
A month after consumer credit rose by
$12 billion (revised) driven by car and student loans, even as revolving credit
declined, total consumer credit in October once again rose in both revolving
and non-revolving categories, up by $14.2 billion, consisting of $3.4 billion
in revolving and $10.8 billion in non-revolving. This number will probably get
revised lower next week. The number which will not be revised lower is the
composition of sources of consumer credit, where the Government sourced 70% of
all new loans (on a NSA) basis: $7 bilion of a total of $10.3 billion. For some perspective, the US government has funded $114 billion
of the total $156 billion in total consumer debt in the past year. Between the Fed
and Uncle Sam, who needs banks?
Submitted by Tyler
Durden on 12/07/2012
... in under 140 characters no less
Submitted by Tyler
Durden on 12/07/2012
After its biggest miss in four years (following the pre-revision spike to
the biggest beat in three years), UMich
Consumer Confidence came at 74.5 relative to an 82.0 expectation (biggest miss
on record) . Hugely down from last month's final print of 82.7, this
is the first negative print since July to the lowest since August. Expectations for the future crashed its second
largest absolute print on record (-13 to 64.6) to the lowest since Dec
11. In the typical election year we see a rise in hope and confidence
into the election and then a drop off after - it seems we are following that
path...
Submitted by Tyler
Durden on 12/07/2012
Bundesbank cuts
growth outlook as crisis bites ( Reuters )
Strong quake
hits off Japan near Fukushima disaster zone ( Reuters )
Greece to Buy
Debt It Already Owns to Reach Target ( BBG )
Draghi’s Go-to
ECB Seen Risking Credibility Through Overload ( BBG )
Judge urges
Apple and Samsung ‘peace’ ( FT ) ... Alas only
the US government has a Magic Money Tree; others need profit
Fed Exit Plan
May Be Redrawn as Assets Near $3 Trillion ( BBG )... make that
$5 trillion this time in 2014
Level Global,
SAC Fund Managers Ruled Co-Conspirators ( BBG )
Egypt
demonstrators reject Mursi call for dialogue ( Reuters )
Japanese
Dealerships in China Retrench in Wake of Dispute ( BBG )
Apparel factory
fire reveals big brands' shadowy supply chainsa ( Reuters )
Republican
Defectors Weigh Deal on Tax-Rate Increase ( BBG )
Submitted by Tyler
Durden on 12/07/2012
In a day in which it was all supposed to
be about today's far weaker (because there is a perfectly good alibi in the
face of Hurricane Sandy) Nonfarm payroll report, expected to print at 85,000,
due out in 2 hours, once again it is the the "rest of the world" that
stole the scene, starting with a reality slam out of Germany whose Bundesbank
came out with revised forecast for German economic growth, which collapsed projected 2013 growth from 1.6% to a tiny
0.4%, adding that there are "growth projections risks to the
downside" in effect all but sealing Germany's recessionary fate in the
coming year, and send the EURUSD to overnight lows. Sure enough,
as if to confirm this forecast, moments ago German Industrial Production in
October tumbled -2.6%, on expectations of an unchanged print. None of this
should come as a surprise to our readers whom we have been warning for weeks
and months that the European economic malaise is spreading closer to the core
with each passing day. What this means is that as we have been saying for
months, slowly but surely the narrative that the ongoing German bailout of
Greece is crushing the AAA-rated economy will become louder and louder until it
is the German people themselves who demand a severing of all ties with
Greece.And speaking of Greece, there are simply no words to explain the
stupidity of what may be happening there. Perhaps the following Bloomberg
headline captures it best: Greece to Buy Debt It Already
Owns to Reach Target . Er, LOLWUT?
Submitted by RANSquawk
Video on 12/07/2012
12-06-12
Dave’s Daily: http://www.etfdigest.com ‘REVERSAL ON HEDGE FUND REDEMPTIONS 12-06-12
There were hints in the news on Thursday
of cracks in the GOP unity on higher taxes. This was led by the ubiquitous
compromiser in chief former Senator
Judd Gregg who was willing to utter “higher
taxes” to give his colleagues an assist. After all they’re not stupid and read
polls indicating people want to tax the so-called rich. As EU head
Jean-Claude Juncker recently stated: “We know what to do, we just don’t know how to get
reelected if we do it.” I guess that sums things up nicely. Speaking of Europe,
Mario Draghi held his press conference Thursday and basically made no policy
changes but indicated the eurozone would see weaker economic growth. This drove
the euro (FXE) lower and dollar (UUP). He didn’t comment honestly about Greece
being downgraded to CCC by S&P as “defaulted”. This mean the ECB and other
alphabet rescue funds, would be buying Greek defaulted debt as collateral on
bailout funds. Well, not to be too upset since our own Fed has done the same
with TARP and allowed banks to reclassify bad debt as solvent.In other news of
pedestrian variety cash moved back to struggling Apple (AAPL) shares. The stock
hit $518 or so early in the day then rallied. Hedge funds largest position has
been Apple but some funds are being shut forcing them to unload shares. (One
example Thursday was Diamondback
Hedge Fund being forced to close by
redemption demands.) One fund’s problem may present collateral damage to other
hedge funds that are also seeing redemption demands. And, Apple has been in a
steady decline which may have been the result of redemption demand but had also
been triggering trailing investor stops exacerbating the situation. Perhaps
once this forced selling ends, the stock the coast will be clear for investors
to buy. Jobless Claims beat estimates (370K vs 380K expected & prior rising
to 395K from 393K) but this number is always “seasonally adjusted”. The NSA
(unadjusted) showed a shocking jump to 498K from 358K. Also the Challenger Job
Cuts jumped to 57K from 47K. Taken together this wasn’t good news.In Canada the
PMI collapsed (47.5 vs 58.2 expected & prior 58.3) which just shows how
weak the global economy is. In China it’s been reported by MarketWatch that
Fitch has seen great risks in the magnitude of investment products being issued
there—100 new products a day with over $2 trillion in assets. Fitch
worries about the quality of these products and if they’re a Ponzi Scheme .And, lastly you’ve seen that I many others have written snarky
commentaries about end of month, quarter and year “window dressing” which by
the way is illegal per the SEC. Now comes forward Jason
Zweig from the WSJ suggesting that
this activity is commonplace.As indicated stocks reversed course and turned
modestly higher led by oversold tech and Apple overall. Commodities (DBC) &
(USO) fell with the rising dollar while gold (GLD) rose oddly once again. Bonds
(TLT) were slightly higher in price. Many stories are having us set-up for a
poor Non-Farms Payroll Report Friday. Volume once again reverted to ultra-light conditions once again. Breadth
per the WSJ was mixed…’
The 10 biggest U.S. corporate layoffs of 2012
Cost of presidential race officially surpassed $2 billion { In the end,
‘the election’ was (fraudulently) fixed anyway. What a waste of time, money,
and resources! What a failed nation pervasively corrupt, defacto bankrupt
america is! }
China wealth-management products (patterned after the american
ponzi approach) spell danger, says Fitch
December 6, 2012 http://gainspainscapital.com
http://albertpeia.com/qe3qe4didntwontwork.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/taxestoohigh.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/badjobsnojobsdownfallusworker.htm
Submitted by Tyler
Durden on 12/06/2012
The technicals were in charge today as
S&P futures coiled around VWAP early on, tested lows, then pushed to highs
(coinciding with the 50DMA) - ending the day-session in the green. Low volume
and low average trade size suggest this was not the pros filling their boots
and the lack of enthusiasm among Treasury traders (despite a very late day ramp
higher in yields), FX traders (EUR weakness dragged USD back to Unchanged on
the week), and Oil (ending the day -2.9% on the week) didn't fill us with fear
of a next leg higher (for now). Gold
and stocks traded tick for tick most of the day as the precious metal toyed
with $1700 again and HYG (the high-yield bond ETF) also recoupled with
SPY (stocks) all day (shifting richer to its fair-value). Of course, AAPL is
the name of the day with its death spiral, VWAP save, and VWAP reversion amid
gigantic volume - but low average trade size (to close +1.5%). VIX ignored equity strength and closed +0.15 vols at
16.6% (very close to where it opened).
Submitted by Tyler
Durden on 12/06/2012
Just yesterday, Goldman
Sachs suggested its clients should sell their gold (to them?) as
the precious metal cycle had turned. It seems Morgan Stanley disagrees; the firm's preferred fundamental metal exposure for
20913 is Gold . Expecting Silver to outperform also (given its
'cheaper' store of value), MS believes nothing has changed on the fundamental
thesis for owning gold as the adoption of QE 3 (and 4...) and the ECB's
commitments (and BoJ) remain the most important factors for a continuation of
weakness in the TWI trend for the US Dollar. They also add that low nominal and
negative real interest rates, ongoing geopolitical risk in the Middle East and
continued mine supply issues are also supportive. From India and ETF demand to central bank buying and USD
weakness - MS seems to be buying what GS is selling (or is less
about muppet-mauling).
Submitted by Tyler
Durden on 12/06/2012
Just a few months back we noted the FBI's
arrest of Tony Mack, the Mayor of New Jersey's salubrious capital Trenton.
Today, via AP, the mayor and his brother have been indicted on eight counts of
extortion, bribery, and mail and wire fraud. The Mayor has continued in his
position - even since the September arrest - but the federal indictment
relates to an alleged scheme to accept
$119,000 in bribes in exchange for his influence in the development of a garage
on city-owned land . Shocked? not so much; but it seems maybe "Trenton
Makes, The Mayor Takes" is more appropriate.
Submitted by Tyler
Durden on 12/06/2012
With debt ceilings being summarily
dismissed and billions and trillions of dollars being thrown around like
confetti, we have become almost
entirely de-sensitized to the colossal size of the numbers involved (and to be
frank de minimus impact from any 'compromise'. In order to comprehend the size
of the US Debt load, Demonocracy
created this video visualized in physical
$100 bills . And you thought a Jumbo-Jet full of cash was a lot...
Submitted by Tyler
Durden on 12/06/2012
UPDATE: Senate Republicans block vote on President Obama's
debt-limit plan
The Pharaoh-like power-grab of
omnipotence that Egypt's Morsi recently pulled seems to have set a precedent
among newly 'elected' leaders. This morning, as per Bloomberg, we hear that
Obama (and his viceroy Harry Reid) plan to demolish the idea of congressional
checks on the debt limit. Incredibly ironic timing - given
our previous post (in which Rick Santelli explains why this is a potential
disaster), but placing that much unlimited money power in the hands of one man
seems like a mistake:
*OBAMA PLAN CALLS FOR END OF LAWMAKER APPROVAL OF DEBT
LIMIT
*REID SAYS SENATE MAY VOTE ON OBAMA DEBT-LIMIT PLAN TODAY
McConnell's response: “Look: the only way we ever cut spending around here is by using
the debate over the debt limit to do it , now the
President wants to remove that spur to cut altogether.”
Submitted by Tyler
Durden on 12/06/2012
Since the 2nd Liberty Act of 1917
birthed the debt ceiling, due to issues financing USA's entry into World War I,
CNBC's Rick Santelli notes that there has been many documented 'violations'.
However, as Rick so vociferously points out President Obama's comment yesterday
on the debt limit and highlights the fact that " to have an unlimited amount of money to call upon is too
much power power for one person . It's always in our country been
about checks and balances but I think this administration just wants more
checks and no balancing of the checkbook." Rick is right,
of course, and the current diatribe from Geithner and Obama yesterday on the
possible 'removal' of the debt limit beggars belief - and yet has become a
negotiating point to be 'traded'. While some argue the premise of the debt
limit for a reserve currency nation is nonsense, Santelli sums it perfectly in ten little words:
"Debt Ceiling Is Not The Problem. Debt Is The Problem," adding the
debt ceiling, as we have pointed out regularly, is an important (perhaps the
most important) issue facing us currently (and inseparable from the supposed
'austerity' of the fiscal cliff - lower spending growth not lower spending) .
Submitted by Tyler
Durden on 12/06/2012
AAPL's phoneix-like rise from the WWJTD
lows this morning has been capped at yesterday's closing VWAP. Stocks and Gold
are recoupled for the week pushing towards the highs (and high yield credit and
stocks have recoupled). While equities are pushing their highs, Treasury yields plumb new lows, EURUSD has given up all
the week's gains and more, and Oil is plunging. So, another
day, another dislocation as not even Harrry Reid's indignance can move markets
today...
Submitted by Tyler
Durden on 12/06/2012
Despite Draghi's insistence that
'significant' progress has been made, that the ECB's efforts have not been
"killer medicine", that stocks are higher and spreads are lower (implying
the ECB "has already done much that is needed"), and how
optimistically-biased cherry-picked economic surveys are positive despite weak
economic projections; the fact of the matter is that youth unemployment is only
getting worse - much worse. Euro-zone
youth unemployment is at a record 23.9% but Spain and Italy saw the biggest
jumps (to 55.9% and 36.5% respectively) . Greece remains the worst at over
56% based on last data, while Germany rests at 8.1%.
Submitted by Tyler
Durden on 12/06/2012
Two months ago, there were various
prominent pundits who were furiously mocked and ridiculed by those whose job in
the media it is to mock and ridicule, for suggesting what most know: that
economic data is widely nuanced, massaged, adjusted, goalseeked and outright
manipulated by various political interests. That someone would feign outrage by
this allegation is laughable at best (and sorry, the " too many people
were involved to keep it a secret " excuse is now absolute rubbish
following the confirmation of Liborgate, yet another conspiracy theory until it
became a conspiracy fact), yet all the "serious" outlets of insight
did just that. Now that the election is over, for one reason or another
"unnuanced" normalcy is about to strike back with a vengeance, as
soon as tomorrow with the official release of November jobs data. And if the
just released Gallup unemployment data is any indication, the amount of
outright goalseeking by the fine folks at the BLS was nothing short of
startling. Because after recording an adjusted unemployment rate of 7.4% in
October, the November unemployment rate, based on a random sample of 29,308
adults, soared by a whopping 0.9%
in one month to 8.3%, the most since the Great financial crisis itself! And
furthermore, at 8.3% the unemployment rate is now the highest since May. Is it
time yet for all those sellsiders to admit they were wrong weeks after
producing beautiful pitchbooks of how 2013 will be "different this
time" and the economy will soar? Or should we wait a few weeks first?
Submitted by Tyler
Durden on 12/06/2012
As we have discussed a number of times ( most
recently here ), the infiltration of Goldman Sachs alumni into the
highest ranks of political and monetary policy 'running the world' ranks is
becoming pandemic. What is perhaps even more surprising is the fact that during
the ECB's press conference this morning, the head of the world's 'almost' most powerful entity had to defend himself from such
crackpot, tin-foil-hat-wearing, digital-dickweed-esque conspiracy theories that
Draghi's affiliation to the Mother Squid is of greater importance than his
current professional position . The sadly ironic aspect is that
Draghi's membership of the Goldman Sachs-sponsored G-30 warranted more
discussion during the press conference than that of Italy's Monti debacle ( or Greece's
"killer medicine" ).
Submitted by Tyler
Durden on 12/06/2012
As predicted in our overnight summary
piece titled, " Sentiment
Shaken By Concerns Of Political Circus Returning To Italy " Europe
appears set to be gripped by yet another political crisis, this time by the
country that most forgot in 2012, with the attention focusing primarily on
Spain and Greece. The reason is what some may call Berlusconi's revenge, who
after being eliminated by the ECB in November 2011 when Draghi sent Italian
bond spreads soaring, and made Berlusconi's departure a condition to returning
normalcy in exchange for planting yet another Goldman tentacle in Italy, Mario
Monti, has now shaken the credibility of his successor by having his party PDL
abstain from a vote of confidence in favor of Monti's growth measures. The
result, as Il Giornale reported moments ago, is that the " the government is increasingly hanging by a thread ". It
continues: ' Now Prime Minister Mario
Monti is likely to no longer have the numbers in parliament. The majority
creaks." Is this the end of the technocratic quiet in the austerity
regimes? And if the people have said Basta to Goldman and its appointees, does
this open the door wide for the likes of Berlusconi to retake the power and
force Goldman to scramble to regain status quo "normalcy" for another
several months just as every sellside firm has bet the ranch on a global
renaissance in 2013?
Submitted by Tyler
Durden on 12/06/2012
A month ago, just before the market
tumbled only to be rescued by a completely idiotic goal seeked narrative on
November 16 that Congress and the President were close to a compromise on the
Fiscal Cliff, since repeatedly refuted, we
presented an update of NYSE margin debt and net investor net worth. The data was
disturbing as it showed that just as the market had hit its 2012 peak so far,
investors were truly "all in" stocks, and that "Margin Debt as
of 9/30 hit $315 billion: a
jump of $30 billion from the prior month, and the highest since March 2011,
just before the market tanked . And confirming that there is simply no
cash on hand to pay for margin calls when they start pouring in after today's
massive sell off, is the total Net Worth, which in September was the lowest
since April. Because with record complacency, and the Fed guaranteeing no
further shocks are possible, who needs to hold cash?" Today we get the
October data, and things have just gotten worse, because Margin Debt rose once
more, this time to $318 billion, the highest in a year and a half, but more troubling
is that Net Free Credit (i.e. real disposable cash to meet margin calls) sank
even deeper into the red, at a whopping ($44) billion, the lowest since the
summer of 2011. This simply means that like last month, if and when the margin
calls start coming in, speculators will have no choice but to commence
liquidating levered positions as there is simply not enough cash to fund
capital losses. Which probably explains the resilience of the S&P: one or
two 1% down days and Congress will get a far greater impetus to get a Fiscal
Cliff deal done. Which, paradoxically, is precisely what needs to happen.
Submitted by Tyler
Durden on 12/06/2012
S&P 500 futures (ES) are jumping
around like a penny-stick biotech firm on FDA-day. VWAP is the cnahor and the
algos are had at work as they pull and push the index to help manage the AAPL
orders. Simply remarkable moves for the index representative of 500 of the
USA's largest stocks...
Submitted by Tyler
Durden on 12/06/2012
The composite index has now regained its
pre-financial crisis levels of 55.4 .
However, more important than the
current level is the trend of the data since the peak in 2010 . I have
noted the previous peaks of data and while the index is volatile from one month
to the next the declining trend of the data should be concerning to those
paying attention. As we have stated in the past "economic
change occurs at the margin" so the focus on a single data point can
be very misleading. With estimates for Q4 GDP being ratcheted down sharply to
roughly 1% from Q3's 2.7% annualized rate - it is very likely that the latest
print in the ISM Composite index is likely the peak that we will see for several months. Doing more with less has now been the mantra of
businesses since the financial crisis, and despite the
$30+ trillion dollars thrown at the economy since that time, there has been
little movement by businesses to become more aggressive.
Submitted by Tyler
Durden on 12/06/2012
Late last night S&P placed Greece
into “Selective Default” again,
raising the issues, once again, of the $90 billion in Greek derivatives , the Greek
bank bonds guaranteed by the country and now at the ECB, some central banks and
some commercial banks where some clause may get triggered, various clauses in
repos, inter-bank lending contracts and guarantees by Athens of various
corporate entities all potentially seeing triggers. In the meantime, because Americans hate to be left out
of anything, we continue to behave like fools. The raising of
the tax rate on the wealthy will operate the country for about eight days and
it seems like the savants in Washington have forgotten that there are three
hundred and forty-eight days left in the year. Secretary Geithner’s ,“We are
prepared to go over the fiscal cliff,” has all of the dramatics of some bluff
on World Wide Poker. The focus on redistribution of wealth is a secondary
consideration when you cannot pay your bills. We propose that unhappy Americans unite, buy the Abaco
islands from the Bahamas, they need the money, and begin our own island nation and let the
46.5 million on food stamps fend for themselves. We honestly
feel that way some days as the idiocy in Washington D.C. seems to recognize no
boundaries.
Submitted by Tyler
Durden on 12/06/2012
Once upon a time Diamondback was one of
the most prestigious, most desired to work for hedge funds. That is no longer
the case, because as Bloomberg reported moments ago, the Stamford, CT-based
fund, which as recently as 2010 had nearly $6 billion in AUM, is closing down,
due to concerns it could be the next SAC, and following a flurry of
redemptions, has no choice but to liquidate. What equities will be dumped
wholesale by the fund? Full list of top 30 holdings is presented below.
Submitted by Tyler
Durden on 12/06/2012
And so the BLS and DOL are back to
"seasonal adjustments." Because in a week in which the Sandy effect
was supposed to fade, at least on a seasonally adjusted basis, nothing could
spoil the party. And sure enough, the headline number dropped from an upward
revised (how else) 395,000 to 370,000, well below the expected 380,000. The
real story, however, is how the DOL is doing all it can to smooth the noise,
because in the week ended December 1, Not Seasonally Adjusted Initial Claims
soared by 139,678 - the highest since January, to a whopping 498,619. Compare
this to the SA number of 370,000, and one can see why in the aftermath of
Sandy, it is quite clear that between hurricane distortions and seasonal
adjustments, the headline number is completely meaningless. Confirming this was
the surge in Continuing Claims, which ripped from 2,835,671 to 3,301,200, an
increase in continuing claims of 465,529, or nearly half a million, in one week ! But at least the pre-election boost of
those collecting extended claims is over, with those on EUCs down by 110K in
one week, thereby ending the extended Uncle Sam handout for over a hundred
thousand Americans, who will now be forced to seek solace in disability
benefits.
Submitted by Tyler
Durden on 12/06/2012
You know the drill: 45 minutes after the
ECB announcement we get the presser. Will Draghi say anything catalytic ? Most likely
not: the only variable is whether or not Draghi sees a reduction in inflation
and growth (despite all the recent irrational euphoria from various sellside
desks), leaving the door open for negative deposit rates. Remember: the
"bazooka variable" - the OMT - is now solely in Spain's, and out of
the ECB's, hands now.
*DRAGHI SAYS ECB CUT GROWTH FORECASTS, SEES `DOWNSIDE RISKS' *DRAGHI SEES WEAK GROWTH EXTENDING INTO
2013 BEFORE RECOVERY *DRAGHI SAYS GOVTS MUST REDUCE FISCAL
STRUCURAL IMBALANCES *DRAGHI SAYS FISCAL POSITION IN U.S. MAY
DAMP CONFIDENCE LONGER
Submitted by Tyler
Durden on 12/06/2012
MSM discovers
window dressing: Fund Managers Lift Results With Timely Trading Sprees ( WSJ )
White House
Unyielding on Debt Limit ( WSJ )
Obama, Boehner
talk; Geithner prepared to go off "cliff" ( Reuters )
Republicans
urged to resist tax rises ( FT )
China looms
large over Japanese poll ( FT )
As predicted
here two months ago, Greek Bond Buyback Leads S&P to Cut to Selective
Default ( BBG )
Japan
opposition LDP set to win solid election majority – polls ( BBG ), but...
Japan
Opposition LDP’s Main Ally Cautions Abe on BOJ Pressure ( BBG )
U.S. and Europe
Tackle Russia Trade ( WSJ )
King Seen
Maintaining QE as Osborne Extends Fiscal Squeeze ( BBG )
Syria pound
fall suggests currency crisis ( FT )
Irish budget
seeks extra €3.5bn ( FT )
U.K. Extends
Cuts Due to Poor Outlook ( WSJ )
ECB Seen
Refraining From Rate Cuts as Yields Sink on Bond Plan ( BBG )
Submitted by RANSquawk
Video on 12/06/2012
12-05-12
Dave’s Daily: http://www.etfdigest.com ‘MARKET SECTOR ROTATION UNDERWAY 12-05-12
U.S. economic news was unremarkable
overall. ADP Employment data disappointed missing for the 6 th time in 9 months (118K vs 125K
expected & prior 158K). Productivity increased (2.9% vs 2.8% expected &
prior 1.9%) but costs fell (-1.9% vs expected -.9% & prior -0.1%), meaning
wages took a hit again. Factory Orders declined 0.8% vs -0.1% expected &
prior 4.8%). ISM Non-Mfg Index 53.7 vs 53 expected & prior 54.2) but within
the data the employment number plunged to 50.3 from 54.9—it’s this under the
hood stuff the media and algos don’t pay attention to. In overseas markets the
focus was squarely on China where there was “talk” of more “potential”
infrastructure spending along with easing rules allowing insurance companies to
invest in banks. Stocks there rallied sharply (+2.9%) shifting the focus away
from the fiscal cliff to more growth from China. Of significance down the road
India’s congress passed a bill allowing foreign retailers to open stores in the
country—hello Wal-Mart (WMT). Not that it mattered to U.S. stock bulls much
Wednesday but Spain was unable to sell the €4.5 billion in bonds Wednesday with
only €4.25 billion placed. Also the eurozone reported its ISM Non-Mfg Index
down for the 10 th straight month as much of the region lingers in recession—no matter
stocks rose. Also, Greece was downgraded to CCC by S&P after it is now in
“selective default”. I guess this is bullish as well. Gold (GLD) prices
continued their decline falling modestly. As you might remember from Monday’s
heavy selling there was one large seller in Tokyo mid-day which drove prices
sharply lower. We learned today, Goldman
Sachs has suggested
to clients to sell gold. Could it be GS was that seller in Tokyo? What a shock,
eh? Meanwhile the dollar (UUP) rose while commodities (DBC) overall were mostly
flat. Growth in China and perhaps repair damage from Sandy affects demand for
copper (JJC) and other base metals (DBB) benefited.Overall, U.S. stocks were
led by financials (XLF), banks (KBE), and insurers (KIE) as money continues to
rotate from tech. Large banks as primary dealers love POMO and use proceeds for trading. It might be the Fed will put POMO on steroids if we go
over the cliff. Tech (XLK) continues to suffer as heavyweight Apple (AAPL)
leads selling. Bonds (TLT) remained only slightly weaker on the day. Citigroup
(C) announced it would fire 11,000 workers and the stock rose. Are financials then the safe place to be
with the fiscal cliff? Good question as Deutsche Bank is being accused of hiding more than $12 billion in losses to avoid
bailout. Wow! Volume was
higher but breadth overall per the WSJ was mixed to flat…’
December 4, 2012 http://gainspainscapital.com
http://albertpeia.com/fiscalheathcliff.htm
http://thetruthwins.com
http://albertpeia.com/lawlesswastelanddetroit.htm
Submitted by Tyler
Durden on 12/05/2012
Forget the perfectly anticipated Greek
(selective) default. This is the real deal. The FT just released a blockbuster that Europe's most
important and significant bank, Deutsche Bank, hid $12 billion in losses during
the financial crisis, helping the bank avoid a government bail-out, according
to three former bank employees who filed complaints to US regulators . US
regulators, whose chief of enforcement currently was none other than the General Counsel of Deutsche Bank
at the time!
Submitted by Tyler
Durden on 12/05/2012
On December 4th, 2012 at 47 minutes and
13.1 seconds after midnight, 2,035 February Gold Futures contracts GCG3 took
the market down $10 as fast as the exchange
could execute the order. This invisible hand that decided
that that was the perfect time to execute a trade for over 200,000 ounces and $345mm notional of gold is exposed in oh-so-visible a manner by Nanex 's eagle-eyed
millisecond-by-millisecond charts below. As the day wore on, there were more of these sudden
'unexplained' price moves . Cue 'Twilight Zone' music...
Submitted by Tyler
Durden on 12/05/2012
Sweeping changes are taking place at the
state level as pension trustees and legislatures push for higher monthly
contributions to pension plans, a later retirement age and lower annual
cost-of-living adjustments for current and retired workers. Unions (those that
don't make Twinkles, in any event), are making the concessions because they can see the future absent shared sacrifice — the
termination of defined benefit plans in favour of defined contribution plans. Be that as it may, employee contributions are going up —
a de facto tax hike. And this will work directly against any upturn in
consumer spending when you consider that the state and local government sector
employ nearly 20 million people or 15% of the national job pie. So we will have
less government, fewer entitlements and more whisperings that it isn't just the $250,000+ high-income households
that are going to experience tax increases and diminished disposable income
growth . This
is shared sacrifice . To think that
the nation could have ever gone to war in Iraq and in Afghanistan under the
Bush regime, putting our troops at great risk not to mention the emotional
scars on their families, while here at home civilians would be allowed to enjoy
tax cuts and a debt-financed consumption binge.... One has to wonder what
events could provide positive momentum to GDP growth, push corporate earnings
to record highs as the consensus predicts as early as next year, or generate
any lasting inflation, for that matter. It's the people that make these
pricing decisions. Businesses can only price up to what consumers are willing
to pay. It is households that
determine whether or not we have inflation, not some bureaucrat in Washington
who believes he has control over some printing press .
Submitted by Tyler
Durden on 12/05/2012
Citi's Robert Buckland explains: If
policymakers really do want to encourage stronger economic growth (and
especially higher employment) then we would suggest that they take a closer
look at the equity market's part in driving corporate behaviour. Despite high
profitability, strong balance sheets and ultra-low interest rates, any stock
market observer can see daily evidence of why the listed sector is unlikely to
kick-start a meaningful acceleration in the global economy. A recent Reuters headline
says it all: "P&G Plans to Cut More Jobs, Repurchasing More
Shares" . If
anything, low interest rates are increasingly part of the problem rather than
the solution. Perversely, they may be turning the world's largest companies
into capital distributors rather than investors.
Submitted by Tyler
Durden on 12/05/2012
What a ridonculous day. We nearly dragged the deer out - or
even Donkey Kong - but the epic awesomeness of the swings in stocks today (most
notably the S&P 500 - since AAPL/NASDAQ tracked lower and more consistently
all day) was simply remarkable. AAPL
broke all kinds of records today (losing more market cap today than
80% of the S&P 500 companies in total h/t Peter Tchir) . Despite the
rapid collapse on the S&P 500 into the close (as HYG pulled off its lows in
a failed convergence trade) amid heavy volume, saw the S&P manage a gain on the day but down on the month
(while the Dow Industrials and Transports are basically unchanged since 11/30) . Rates fell
and stayed near their lows for the day; commodities chopped around (as usual)
but ended marginally lower from yesterday's day-session close; financials were
the winners on the day but led by just great companies as BofA and Citi which
staged a tick-for-tick algo liftathon odyssey of idiocy (now up around 6% on
the month!!). All-in-all, the
S&P remains rich to risk assets but the overflow from AAPL's collapse has
likely not played out yet as taps-on-the-shoulder will be everywhere tonight.
Submitted by Tyler
Durden on 12/05/2012
On October 22, we alone asked a very
relevant question, which apparently nobody was able to answer:
Does anyone in
Europe realize that a Greek distressed debt buyback is yet another event of
default?
Well, one entity did. S&P.
GREECE CUT TO SD FROM CCC BY S&P
S&P CUTS GREECE'S LONG-TERM DEBT RATING TO 'SELECTIVE
DEFAULT'
Submitted by Tyler
Durden on 12/05/2012
It seems like it was only yesterday when
we were praising the miraculous 4 sigma move in AAPL stock, when it soared by
nearly $40 in one trading session. It wasn't: it was November
19 . Which is why it probably
shouldn't be surprising that two short weeks later AAPL stock has just seen its
biggest dollar fall in absolute terms in history, down $37 dollars or nearly
7%, its biggest one-day percentage drop since September 2008 . Why? Nobody
really knows, but when the world's biggest company by market cap trades
increasingly like a penny stock, does anyone really care? In absolute terms,
AAPL has lost nearly $35 billion in market cap in several hours today: more than the market cap of BlackRock, Morgan Stanley or
Wal-Green, with no real material news except for the occasional weak
order hearsay (which one didn't really need considering the US and global
consumer is totally tapped out), and various other rumors. One thing is
certain: the 240+ hedge funds who owned the stock as of September 30, and which
did their best to paint the tape for November, are now at a complete loss what
to do to delay what was certainly going to be a redemption avalanche for the second
month in a row.
Submitted by Tyler
Durden on 12/05/2012
Big news ahead of this Friday's NFP
report:
CITI TO CUT OVER 11,000 JOBS, TAKE PRETAX CHARGE $1B IN
4Q
"Sandy's fault?" Or maybe the economy is collapsing despite all the propaganda
one is spoonfed. Considering the recent termination of over 50,000 by UBS we
think we know the answer. And while C stock may jump on the news, the end
result is that New York and the US have both just lost 11,000 less key
taxpayers most of whom are almost certainly in the $250,000+ bucket. That said
we can't wait for the BLS to take this data as somehow beneficial for the
unemployment rate.
Submitted by Tyler
Durden on 12/05/2012
It was only logical, not to mention
rhyming, that the new overlord of the ADP private payroll cheat sheet, Moody's
Mark Zandi, would blame hurricane Sandi for today's miss in ADP private jobs,
which printed at 118K, below expectations of 125K, and well below last month's
downward revised 157K. To wit from Zandi: "Superstorm Sandy wreaked havoc
on the job market in November, slicing an estimated 86,000 jobs from payrolls.
The manufacturing, retailing, leisure and hospitality, and temporary help
industries were hit particularly hard by the storm. Abstracting from the storm,
the job market turned in a good performance during the month." And
abstracting from reality, theoretical central planning might work. More
importantly for Obama's "create 1 million manufacturing jobs in 4 years
task" f(a)rce, November saw yet another 16,000 manufacturing jobs lost.
Fear not though: these were almost offset by the 13,000 highly
"productive" financial jobs created in the past month - perhaps all
were insurance liability estimators? Finally, with Friday's NFP forecast at
87K, on a range of 15K to 145K, today's ADP report is merely yet more of the
same very loud noise we have grown to love and expect from the firm which
mysteriously pulled a NAR and revised its 2012 YTD jobs several weeks ago by a
few hundred thousand.
Submitted by Tyler
Durden on 12/05/2012
Yet another story we have been following
for nearly
two years (and here ) has finally
migrated over to the Mainstream Media as attempts to hush it down before it
become painfully obvious and problematic, have failed miserably. The WSJ writes
that " Detroit auto makers are piling up big stocks of passenger
cars at dealers despite brisk new-vehicle sales in the U.S.— a problem that executives vowed to avoid since their
painful downturn three years ago. "
Submitted by Tyler
Durden on 12/05/2012
LA port workers
to return Wednesday ( AP )
Iran says
extracts data from U.S. spy drone ( Reuters )
Obama to stress
need to raise debt limit "without drama" ( Reuters )
Big Lots Chief
Probed by SEC ( WSJ )
NATO missiles
to be sent to Turkey, Syria clashes rage ( Reuters )
GOP Deficit
Plan Irks Conservatives ( WSJ )
Japan Can End
Deflation in Months, Shirakawa Professor Says ( BBG ) ... almost as
good as Bernanke ending inflation in 15 minutes.
Osborne
Prepares to Breach Fiscal Rules Amid U.K. Growth Slump ( BBG )
Global Banking
Under Siege as Regulators Guard National Interest ( BBG )
Freeport plans
return to energy ( FT )
Serbian NATO
envoy jumps to death at Brussels airport ( Reuters )
Tide Turns
After a Flood of Chinese Listings ( WSJ )
Australian
economy loses steam ( FT )
Euro Crisis
Feeds Corruption as Greece Slides in Rankings ( BBG )
12-04-12
Dave’s Daily: http://www.etfdigest.com ‘TRADERS SPENT THE DAY PICKING EACH OTHER’S
POCKET 12-04-12 The action on Tuesday
was centered on confusion and mystery.Why was there heavy gold selling in Asia?
The dollar was also quite weak. Is the inverse gold/dollar relationship
broken?Sure the fiscal cliff looms and it makes for good theater, sells soap
but answers few questions regarding other issues like what’s going on with
commodities and precious metals. Let’s just say there is plenty of nefarious
dealings taking place in commodity markets overall.This post is brief since
there’s no reason to try and solve these puzzles perhaps even inspector Clouseau -style. As indicated the dollar (UUP) was quite weak and so too gold
(GLD). Stocks just churned about making little progress one way or another. It
may be, pending other events, stocks may just remain camped until the cliff is
resolved or not. Given this lack
of progress away from currency and commodity markets there was little else to
do but remain a spectator Tuesday. This lack of direction makes this commentary
very short. Volume was once
again quite light and breadth per the WSJ was mixed to flat…’
Heffernan: Microsoft is back — Why the dorky Apple rival is
suddenly cool { Forget cool, when it comes to computers/computing, I’m
more concerned with stability and performance. As a critic of Microsoft beyond
their breakthrough Windows 2000 (professional) and Word offerings, I felt
compelled to comment here. XP was a dog and deserving of criticism (innumerable problems including
acting as a ‘virus magnet’). Quite by ‘accident’, I plugged in an old apple usb
mouse and my problems with vista (sic), Windows 7, literally disappeared (I
then ordered a new usb mouse for right-click, scroll capability). Vista…Whoops,
my mistake…I meant to say Windows 7 (not thinking there’s a difference;
obviously I haven’t followed their recent past misguided exploits closely)…
Windows 7 is by far and away superior to xp (and Vista) in every way. It
apparently was the legacy mouse and problems created thereby (with ram,
resources, cache/processor, etc.) that impaired stability and performance and
I’m happy to say thus far, Windows 7 (with updates to date) is a solid
successor to 2000 and microsoft’s best operating system to date (I have my
fingers crossed as I said that … just kidding!). }
December 4, 2012 http://gainspainscapital.com
http://albertpeia.com/investmentsosecond.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/derivativesbust.htm
‘… The largest casino in the history of the world is going to go
"bust" and the economic fallout from the financial crash that will
happen as a result will be absolutely horrific…’ ( more http://albertpeia.com/derivativesbust.htm )
http://endoftheamericandream.com
http://albertpeia.com/20examplessadistictwistedcruelty.htm
http://albertpeia.com/theeugluttonistas.htm
Submitted by Tyler
Durden on 12/04/2012
Japan's years of quantitative easing,
forced financial repression, and Koo-nesian stimulus efforts are an altogether
too accurate test-tube for the accelerated policies that Bernanke has engaged.
A glance at the charts below and one wonders how many times did Japanese
investors look at the equity market's exuberance relative to bond yields and
scoff greedily; how many times did
Japanese equity managers ask "what are you gonna do, buy JGBs?" But time and
again, the Japanese equity market realized the errors of its ways and attempted to
'creatively destruct' the status quo - only to be dragged kicking and
screaming into the next bubble. What awaits the US?
Submitted by Tyler
Durden on 12/04/2012
While much will be made of the
greater-than-50 level for HSBC's China Services PMI, we note that the drop in
the last two months is the largest in 15 months and takes the index back to its lowest levels since August 2011 . While China's
Manufacturing PMI was lauded as evidence that all is well and the slowdown has
stopped, we note that in the history of the China Services PMI, it has only been lower than the current print in five of the
forty-four months . It seems perhaps the transition is not going quite as
according to plan.
Submitted by Tyler
Durden on 12/04/2012
Submitted by Tyler
Durden on 12/04/2012
Eleven states made Forbes'
list of danger spots for investors including California, New York, Illinois,
and Ohio. They warned (and with the cliff it is even more critical) , if you have
muni bonds in these states - clean up your portfolio; if your career takes you
there - rent, don't buy! Two factors determine their list of 'fiscal
hellholes'. The first is whether there are more takers (someone who draws money from the government)
than makers (the gainfully employed) . The second is a state
credit-worthiness score (via Conning) based on large debts, uncompetitive
business climates, weak home prices, and bad trends in employment. Conning
rates North Dakota the safest state to lend money to, Connecticut the most
hazardous. A state qualifies for the Forbes' death spiral list if its taker/maker ratio exceeds 1.0
and it resides in the bottom half of Conning’s ranking . See below for
the 11 states to avoid...no matter what Bob Toll, Larry Yun, Bob Pisani, or
Alexandra Lebenthal tells you..
Worst-run states New Jersey Between 2010 and 2011, New Jersey’s GDP contracted by 0.5% — more than all
but three states. The state’s median household income and poverty rate both
ranked third in the nation. On the other hand, the state’s tax burden on its
residents was second highest in the U.S. in 2010. Residents paid 12.4% of their
income in state and local taxes — higher than any other state except
neighboring New York. The state has budget problems, as well, according to the
24/7 Wall St. analysis. New Jersey’s debt as a percentage of revenue was 91.6%,
the fifth-highest of all states.
Submitted by Tyler
Durden on 12/04/2012
Time for flashbacks to nearly two years ago, when the first Egyptian
revolution, with great assistance from the various governmental liberating
agencies of the "developed world", led to a democratic regime, so
democratic, the ruler lasted all of 5 months before declaring himself temporary
dictator. The reason: following yet more riots, this time resulting in a siege
of the presidential palace, and in which protesters breached the presidential
palace cordon, Reuters reports that Mursi, aka Morsillini , who granted
himself "temporary" supreme commander (read dictator) powers with a
unilateral decree on November 22, has now left the building... the presidential
palace that is. This will surely embolden the protesters even more, and may
well get the military in play once again. One wonders just which regime the US
will support this time around, and what happens if control over the Suez Canal
can not be maintained following what is increasingly shaping as a
counterrevolution.
Submitted by Tyler
Durden on 12/04/2012
The Great Depression brought about the Keynesian Revolution , complete with
new analytical tools and economic programs that have been relied upon for
decades. In dampening each successive downturn, authorities accumulated
increasingly larger deficits and brought about a debt supercycle that
lasted in excess of half a century . The efficacy of these tools and programs has slowly been eroded over the years
as the accumulation of policy actions has reduced the flexibility to deal with
crises as we reach budget constraints and stretch the Fed’s balance sheet
beyond anything previously imagined. Some have referred to this as reaching the
Keynesian endpoint . Keynes
would barely recognize where we now find ourselves. In this ultra
loose policy environment we are limited by our Keynesian toolkit. Without a new
economic paradigm, the deleterious consequences of the current misguided
policies are a foregone conclusion.
Submitted by Tyler
Durden on 12/04/
Two weeks ago
here: The
Latest Greek "Bailout" In A Nutshell: AAA-Rated Euro Countries To
Fund Massive Hedge Fund Profits ... and now on Bloomberg: " Hedge Funds Win
as Europe Will Pay More for Greek Bonds " ( BBG )
Oracle sends
shareholders cash as tax uncertainty looms ( Reuters )
GOP Makes
Counteroffer In Cliff Talks ( WSJ )
Iran says
captures U.S. drone in its airspace ( Reuters )
IMF drops
opposition to capital controls ( FT )
Vogue Editor
Wintour Said to Be Possible Appointee as U.K. Envoy ( BBG )
Juncker Stepping
Down French Finance Minister to Head Euro Group? ( Spiegel )
Australia cuts
rates to three-year low ( FT )
Europe’s
banking union ambitions under strain ( Reuters )
EU Nations Eye
New ECB Bank Supervisor Amid German Doubts ( BBG )
Frankfurt's
Ambitions Get Cut Back ( WSJ )
House
Republicans Propose $2.2 Trillion Fiscal-Cliff Plan ( BBG )
12-03-12
Dave’s Daily: http://www.etfdigest.com ‘FISCAL CLIFF HAUNTS LIKE Y2K 12-03-12 { Let me just interject here that nearly a
trillion dollars (without a decade’s worth of debasement) was spent to avoid
the ‘nonevent’} Most of you remember the hype and angst
over Y2K in late 1999 no doubt. But it turned out to be a nonevent. The fiscal
cliff seems profound in a different way but may result in just another shrug.
In Europe the PMI was higher but still posted the 16 th straight month of being under 50
(46.2 vs 45.4 previously). In China the PMI dropped slightly (50.4 vs 50.6
expected) which had some thinking this was a positive when it wasn’t. U.S. ISM
Mfg Survey was surprisingly negative (49.5 vs 51.7 expected & prior 51.7)
to a low of July 2009. Some of this was blamed on hurricane Sandy which seems
to be the ongoing excuse for any poor data point. Construction Spending was
higher (1.4% vs .4% expected & prior .6%) also influenced by Sandy.J.P.
Morgan (JPM) suggested
in a research piece that sales of iPhones could impact 4 th quarter GDP by around 33%. This is quite stunning frankly. At the
same time the company is cutting 4 th quarter GDP growth 1.5%. Stocks opened higher early as investors
shrugged-off negative fiscal cliff comments from the dueling parties believing
instead that a deal will ultimately be reached before year end. But the
contradiction remains that economic data continues to weaken and raising taxes
now would seem dumb. As the day wore on selling became more apparent even as
the GOP
submitted a plan to raise to
raise revenues and cut spending.Stocks rose initially but then faded as the day
wore on especially after the ISM Mfg data was released. As noted in the daily
DJIA below you can see how markets are dancing around the 200 day moving
average which is an important measure for many investors. The dollar (UUP) was
much weaker while commodities were only mildly stronger. In the past, bulls
have favored a weak dollar allowing stocks and commodities to rally. Monday
didn’t produce that effect clearly. Gold (GLD) rallied only slightly while commodity
tracking ETF (DBC) was modestly higher along with oil (USO). Bonds (TLT) were
weaker early then rallied into the close leaving things overall mostly
unchanged.Not always as reliable as longer term views but in our data base of
over 600 indexes and ETFs we have a long list of trend exhaustion indicators
from DeMark 9s. This can cause shallow reversals along with some sideways
movement. Volume was
light as investors are pulling in their horns waiting for Washington to resolve
their differences. Breadth per the WSJ was negative…’
Heffernan: Microsoft is back — Why the dorky Apple rival is
suddenly cool { Forget cool, when it comes to computers/computing, I’m
more concerned with stability and performance. As a critic of Microsoft beyond
their breakthrough windows 2000 (professional) and word offerings, I felt
compelled to comment here. XP was a dog and deserving of criticism (innumerable problems including
acting as a ‘virus magnet’). Quite by ‘accident’, I plugged in an old apple usb
mouse and my problems with vista literally disappeared (I then ordered a new
usb mouse for right-click, scroll capability). Vista is by far and away
superior to xp in every way. It apparently was the legacy mouse and problems
created thereby (with ram, resources, cache/processor, etc.) that impaired
stability and performance and I’m happy to say thus far, vista (with updates to
date) is a solid successor to 2000 and microsoft’s best operating system to
date (I have my fingers crossed as I said that … just kidding!). }
Submitted by Tyler
Durden on 12/03/2012
Three months ago, as part of our ongoing
explanation of what happens next to the Fed's balance sheet (which is now
established as official canon in advance of the December 12th FOMC, when
Bernanke will effectively announce QE4 consisting of $40 billion in MBS and $45
billion in unsterilized TSY purchases as we predicted
the day QE3 was announced ), we said that "the Fed will continue increasing
its 10 Yr equivalents by roughly 12% (of the total market) per year, for at
least the next 3 years, at
which point it will own 60% of the entire Treasury market. It means that the
Fed will monetize all gross long-term issuance every year for the next 3 years ." Most
looked at the bold sentence without it registering just what it means. Perhaps,
now that the "serious" media has finally taken on the topic of
applying a calculator to the one driver of all marginal risk demand, it will
register a little better: in a Bloomberg story titled, appropriately enough
" Treasury Scarcity to Grow as Fed Buys 90% of New Bonds " we read
that "the Fed, in its efforts to boost growth, will add about $45 billion
of Treasuries a month to the $40 billion in mortgage debt it’s purchasing, effectively absorbing about 90 percent of net new
dollar-denominated fixed-income assets, according to JPMorgan Chase & Co ."
Actually that's incorrect and it is more like 100%. What is however 100%
correct is what the bolded means in plain language: it is now accepted that the
Fed will outright monetize all gross US issuance. Let us repeat this sentence
for those who just had flashbacks to Adam Fergusson's " When money dies ." The Fed is now monetizing practically all net new debt. So what did the
Chairman say about this absolutely certain eventuality back in 2009 to
Congress...
Submitted by Tyler
Durden on 12/03/2012
The recent release of the ISM Manufacturing index continues to point to
signs of a slowing economy. This (49.5) reading, which is what is
reported by the bulk of the mainstream media, is fairly meaningless. Remember,
economic change happens at the margins. Since the PMI is more of a "sentiment" index (it is a
diffusion index that measures positive versus negative sentiment on various
areas from employment to production to inventories) it is a better
used as a gauge about what businesses will likely do in the future based on
their current assessment of conditions. The importance of the change in
sentiment is lost on most economists who have never actually owned a
business. However, it is clear that the fiscal cliff, the recent storm,
and the continuing Eurozone saga are continuing to erode business sentiment.
This erosion in sentiment in turn
affects economically sensitive actions such as production, employment and
investment.
Submitted by Tyler
Durden on 12/03/2012
And so the US debt ceiling of $16.394 trillion is now just $64 billion
away.
Submitted by Tyler
Durden on 12/03/2012
Europe started to bleed after the Spain
bailout debacle but from the open, US markets fell. They plunged on the ISM
miss, bounced to VWAP in their wonderfully efficient way, and then spent the
rest of the day shaking off the idiocy of last week's window-dressing. S&P
500 futures (ES) fell from 1424 highs to close at the day's lows around 1407
(still around 10 points rich to short-term Treasuries). When the ISM hit we saw Gold rally and Stocks dump to
recouple the two assets for the day but overall it was stocks that
were harder hit than other risk assets today - though evidently they were also
major outperformers last week, so this is catch down as opposed to
over-pessimism for now. Stocks
were weak today in the face of a weaker USD (correlations breaking down) and a
relatively unchanged Treasury market. Gold, Copper, and Oil all closed
clustered together just in the green with Silver outperforming and VIX jumped 0.75 vols to 16.6% (highest in two weeks) . High-yield
credit had quite a day...
Submitted by Tyler
Durden on 12/03/2012
No matter what you were told by the
media (or your friendly 'stay fully invested' local wealth-manager), the equity
market's exuberant surge of the last few days is evidently one of the clearest
month-end window-dressing efforts (to desperately avoid redemptions) that we
have seen recently (when put in context of the rest of the world's markets).
Who is wrong? Who is right? We suspect we
will see the truth (3 F's of US Fiscal Policy) shortly .
Submitted by Tyler
Durden on 12/03/2012
There is little detail (more to come)
but Boehner's office has just released his rebuttal to Obama's so-called
'un-serious' offer. These numbers do not appear like any change - just as
Obama's was no change - so much for compromise. It seems politicians now have
zero-beta for the algos - who have given up now the month-end is over...
*BOEHNER DESCRIBES WHITE HOUSE PLAN LAST WEEK AS `LA-LA
LAND'
*BOEHNER SAYS HE'S OFFERING `CREDIBLE PLAN' ON FISCAL
CLIFF
*BOEHNER SAYS PLAN DESERVES `SERIOUS CONSIDERATION' BY
OBAMA
*HOUSE REPUBLICANS PROPOSE $1.4 TRILLION IN SPENDING CUTS
*REPUBLICAN PLAN INCLUDES $800 BILLION IN NEW REVENUE
Full letter below
Submitted by Tyler
Durden on 12/03/2012
There is only one problem with the home
builders - expectations are way too
high . The builders are not only priced for perfection ( as
we noted here ) by the market, the builders themselves have business
strategies that are modeled for perfection. We believe the bar is set at an unattainable level. In summary, the building
model is flawed. Here is why.
Submitted by Tyler
Durden on 12/03/2012
"High ranking generals and admirals earn their stars. They earn
their stripes. Then, they earn their cash." Citizens
for Responsibility and Ethics in Washington (CREW) has just
released a fantastic new report on the revolving door between the Pentagon and
the private sector, which raises serious concerns not only about ethics and
corruption within the defense sector, but also raises issues of national
security if retired generals are merely acting as mercenaries once they
retire. As Mike Krieger notes: "When I first figured out the
gigantic ponzi scheme, theft and fraud within the financial system... I never
imagined the same thing goes on in virtually every sector of our corrupt crony
capitalist economy... including the military." Absolutely
incredible...
Submitted by Tyler
Durden on 12/03/2012
Those who have been reading our 2+ year
series tracking the ridiculous "bottom-left to top-right" trend in GM
dealer inventory channel stuffing, know all there is to know about the modern
day equivalent of AOL (in which the purchases of modern equivalents of
"dial up connections" are funded by loans from the US government
itself), in both (non government backstopped) business continuity terms as well
as in channel stuffing notoriety. Which is why we will present the November
update of total dealer "inventory" (which rose to a record for the fresh-start company 788,194 , or a record
99K increase in two months) a without commentary, except to say: WTF!?
Submitted by Tyler
Durden on 12/03/2012
Oaktree Capital's Chairman Howard Marks
went on a rather more politically-positioned rant in his latest missive ( pdf
here ) but one section caught our eye more than others given the current
imbroglio:
The bottom line is that if we don't want to be Greece, we can't act like
Greece. Something has to be done... and soon. Every year in which
we add another trillion dollars to the national debt (and tens of billions to
the annual interest bill) - and every year the excessive entitlement promises
are allowed to compound -
makes it harder to solve the problem.
A dismally honest reflection follows...
Submitted by Tyler
Durden on 12/03/2012
Remember Michael Feroli? The JPM
economist who "predicted" US Q4 GDP would be
boosted by 0.5% due to iPhone sales (don't laugh: yes, US GDP, not that
of China where the iPhone is actually produced, but the US where the consumer
merely incurs more record student loans to be able to afford it)? Well, the
same JPMorganite has now cut his Q4 GDP expectation to 1.5% for all the same
reasons why we penned the second Q3 GDP revision: namely ugly internals, a
surge in hollow government and inventory contributions to "growth",
and a collapse in the purchasing power of the US consumer (who somehow is still
expected to boost Q4 GDP with iPhone sales). And while there is no mention of
the iPhone in his just released downward revision, he still believes the cell
phone will provide a boost to Q4 GDP. In other words, of the 1.5% in GDP growth in Q4, the iPhone will account
for 33% of this ! One really can not make this up.
Submitted by Tyler
Durden on 12/03/2012
Remember when fundamentals mattered?
Neither do we, and why should they: the New Normal market has long since
stopped pretending to be able to discount a future that is entirely politically
driven, and thus irrational, and the only thing that matters is being able to
respond as fast as possible to blinking red headlines. This explains the best
performing asset classes on November: at the very top, something one would
never expect to see - the Nikkei, which soared on "hopes" the return
of politician Shinjiro Abe would mean the nationalization of the BOJ,
3% inflation targeting, and a surge in monetization. And while this is good for
Japanese equities, it would crush all local banks who hold the bulk of their
assets in JGBs, which would in turn plunge, and likely result in another bank
sector bailout, no to mention annihilate pension funding for tens of millions.
But such is the new normal.
Submitted by Tyler
Durden on 12/03/2012
So much for the 3rd Recovery (or is that
4th?) in the current depression: following the Chicago PMI which posted a solid
beat on horrendous internals, today's Manufacturing ISM came in just as
expected, at least by those skeptical of all the sugar high economic data the
US population was spoon fed in the past few weeks. At 49.5, the headline PMI
print was the lowest since July
2009, the biggest miss to expectations of 51.4 in 5 months, and down from 51. 7. Also, as
most know, as sub-50 print indicates a contraction in the manufacturing space,
usually a precursor to overall recession. Particular data points of note:
Employment down from 52.1 to 48.4; New Orders slide from 54.2 to 50.3, and in
the worst news for GDP Exports declined, Imports rose and Inventories plunged -
which was to be expected after a huge inventory build up in Q3 pushed GDP much
higher in the period. Expect even more downward
GDP recessions on today's ugly data . Finally, while the bulls would
love to blame the collapse on Sandy, it was not mentioned anywhere in the
release and the ISM's Holcome said just one respondent even mentioned Sandy in
the release, which means the manufacturing reality will only get worse as the
full impact of Sandy is internalized.
Submitted by Tyler
Durden on 12/03/2012
Union
solidarity rubs up against slow economy in LA port strike ( Reuters )
Geithner
predicts Republicans will allow higher tax rates ( Reuters ). And " no risk " of a US downgrade, " no risk "
Geithner takes
hard line on fiscal cliff ( FT )
Narrowing LDP
lead points to Japan post-election confusion ( Reuters ) - not to
mention, USDJPY plunges if LDP loses
Vietnam Says
China Must Avoid Trade Weapon in Maritime Spat ( Bloomberg )... and
real one, one hopes
Greece unveils
bond buyback plan ( FT )
ECB Can’t
Deliver Spain Spread Rajoy Wants, Wellink Says ( Bloomberg )
UK’s euro trade
supremacy under attack ( FT )
Merkel Signals
Debt Write-Off Possible as Buyback Begins ( Bloomberg )
ECB's Noyer
Says Bond-Buying Plan 'Is Bearing Fruit' ( WSJ ) - as long as
just plan, and not execution.
Submitted by Tyler
Durden on 12/03/2012
Today's "trading", in a repeat
of what has become a daily routine, can be summarized as follows: flashing red
headline about Fiscal Cliff hope/optimism/constructiveness out of a member of
Congress who bought SPY calls in advance of statement: market soars ; flashing red
headlines about the inverse of Fiscal Cliff hope/optimism/constructiveness out
a member of Congress who bought SPY puts in advance of statement: market
plunges. Everything else is noise, as is said hope/expectations/constructiveness
too since it is increasingly likely nothing will happen until the debt ceiling
hike deadline in March, but stop hunts must take place in a market which nobody
even pretends is driven by fundamental newsflow. Such as the bevy of PMIs
released last night, the key of which was the China HSBC PMI as reported
previously , which beat expectations by the smallest of possible
increments, at 50.5, but rising to expansion territory and the highest in 13
months, which sent the EURUSD spiking and has kept it in the 1.3030 range for
the duration of the overnight session. Sadly, those on the ground in China
hardly felt the number was a bullish as EURUSD trading algos around the world,
sending the Shanghai Composite to a fresh post-2008 low, closing down over 1%
at 1,960. But let's just ignore this inconvenient datapoint shall we?
Submitted by Tyler
Durden on 12/01/2012
What changed in the last 30 days? Did the world just wake up to the
idea that the only way out of this quagmire is a twisted currency war that
appears to have re-ignited thanks to Abe's efforts? Something appears to have
snapped in the American psyche as the
last 30 days have seen the largest physical gold sales on record . Between the search
volume for 'bulk ammo' and this, we fear something is afoot and while Congress
fiddles as our economy burns, Bernanke going 'back to work' is perhaps what the
physical 'horders' are thinking... or maybe they understand, as we
noted here , that just as Kyle Bass has confirmed previously, Paper Gold is
just like allocated, unambiguously owned physical bullion... until it’s not .
Submitted by Tyler
Durden on 12/01/2012
The 2007 puncturing of housing market
prices and the 2008 financial market swoon are the precedents to two much larger and much more dangerous
bubbles . These more pernicious threats are the dollar bubble ("printing money") and the government debt bubble ("borrowing money") . While both
are expanding at a sickening pace, in the near term they deceptively make
things seem much better than they are. But, like all bubbles, they are unsustainable . The Fed is well-aware of this dire probability , but finds
itself increasingly stuck to avoid it. The Fed's main strategic consists
completely of "hope" . It's backup strategy? "Panic"
and thus the need to focus on preservation of purchasing power, and positioning one's financial
assets safely before the aftershock arrives.
http://theeconomiccollapseblog.com
http://albertpeia.com/lockdoorsanddefend.htm
http://endoftheamericandream.com
http://albertpeia.com/monstersinkholesearthquakescoming.htm
http://thetruthwins.com
http://albertpeia.com/uncontrolofinternetfreespeech.htm
11-30-12
Dave’s Daily: http://www.etfdigest.com ‘DUELING TALKING POINTS ON CLIFF 11-30-12
Friday was the last trading day on the
month and as usual portfolio managers were keen to do a little window dressing. The news backdrop wasn’t supportive of a
rally but the financial media was determined to spin it that way. First,
Personal Income & Spending was weak (Income flat & Spending -.2%) but
that was blamed on Sandy. But ,we should remember that Sandy was only a three-day event at the end of
October. It’s just as logical to assert spending increased late in the month as
store inventory was wiped out before the storm. Second, the Chicago Purchasing Managers Index (PMI) came in at
50.4 vs 50.3 expected, and was spun as a positive until you looked at the
details. New orders showed significant monthly contraction (45.3 vs 50.3) and
prices paid were much higher. This means that companies are paying more for raw
materials and other goods and most likely will pass them on to their customers,
which will either compress profit margins or be inflationary. We limped into the close of trading
Friday with markets little changed overall. The dollar (UUP) was flat but gold
(GLD) once again saw more selling. Commodities (DBC) once again were higher
with gains in base metals (DBB) and oil (USO). Bonds (TLT) were slightly lower.
Stocks were led higher by a narrow group too difficult to even list. As a consequence this post is quite
short. For members there
is long list of DeMark sequential set-up 9s now posted. I prefer weekly views
but the daily can provide a heads up that a reversal in trend could be coming
even if it would be short-term in nature. Also, as we approach the year end, and with so many U.S. equity ETFs to
choose from you might benefit from our ebook: The
Best ETFs: U.S. Equities Both Obama and republican leaders made speeches for the benefit of their
respective base. Treasury Secretary Geithner had the unenviable task of
delivering the WH opening (or at least public) proposal for the fiscal cliff.
As noted last night it consisted of $1.6 trillion in new taxes, including
eliminating the dividend preference to ordinary income, launching a $50 billion
stimulus (as yet defined or for whom) but little in the way of spending cuts.
Mitch McConnell is reported to have burst
out laughing at this which in itself
is funny. Volume was
light as stocks were well marked into the close. Breadth per the WSJ was
mixed…’
America's
10 best-run and
worst-run states Marketwatch(left) is the
best-run state, according to 24/7 Wall St.'s analysis. { Yes, indeed! I can
attest to the worthiness of jersey and
california on the worst-run list. Yet, new york/connecticut with their (ny
predominantly…connecticut is but a suburb of new york in a very ‘go along to
get along’ way … then there’s the other beltway drain, virginia, a d.c. suburb
with all d.c.’s faults.) large scale, nation draining corruption including wall
street frauds/bailouts, etc., should make this relatively short list. }
November 30, 2012
http://gainspainscapital.com
http://albertpeia.com/turningpoint.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/11factseuropedepression.htm
34 Signs That
America Is In Decline http://albertpeia.com/34signsamericaindecline.htm
Submitted by Tyler
Durden on 11/30/2012
Presented with little comment - except
to say, maybe those Mayans were on to something?
Submitted by Tyler
Durden on 11/30/2012
China's Manufacturing PMI missed
expectations, coming in at 50.6 relative to a slightly expansionary 50.8
expectation, and up down from the 50.2 prior. This is the fifth month in a row of missed expectations but it has now
risen for three months in a row, to the highest level in 8 months; but has now hovered within 0.6pts of the expansion/contraction
knife-edge for six months . The PBOC's index remains above (more
positive) than the HSBC version for the 20th month in the last 21 (which remains
in the contractionary sub-50 range it has been in for 16 months). With the
Shanghai Composite testing Jan 09 lows and the ongoing Reverse Repo delicate
bank pumpathon, the relative stabilization in Services and Manufacturing PMIs
is confirmed by this evening's data and provides hope for those bidding
H-Shares to 16-month highs. Interestingly for all those who remain shocked at
the divergence between the Hang-Seng and the Shanghai Composite, it seems clear that A-Shares investors remain skeptical
of the PMI-based stabilization of macro and prefer to trust the weaker (and
harder to tweak) Industrial Output data .
Submitted by Tyler
Durden on 11/30/2012
The Fiscal Cliff is the name given for
the 2013 increase of Federal Government taxes and budget cuts. The Bush-era tax
cuts expire and the 2013 "Budget Control Act" kicks in, among other
budget cuts & new taxes. The
Fiscal Cliff is set to reduce the 2013 US Government budget deficit by roughly
half; will remove $607 Billion from
economy (GDP), resulting in 4% drop ; it can NOT be
avoided. It must happen to fix the budget deficit; any delay must be paid for
later; it will NOT reduce the US debt , only slow
down the growth. The Fiscal Cliff's (new taxes and budget cuts) size and impact
are visualized below in physical $100 bills.
Submitted by Tyler
Durden on 11/30/2012
Following some well-timed 'suggestions' in Natural Gas and Apple this
year, the new bond guru has some rather more concerning views about the future
of America. Reflecting on a dismal outlook progressing due to the fact that "Retirees take resources from a society, and workers
produce resources" , Gundlach has cut his exposure to US
equities (apart from gold-miners and NatGas producers) noting their expensive
valuation and low potential for growth. In a forthcoming
Bloomberg Markets interview , the DoubleLine CEO warns we are about
to enter the ominous third phase of the
current debacle ( Phase 1: a 27-year buildup of corporate, personal and
sovereign debt. That lasted until 2008, when Phase 2 started, unfettered
lending finally toppled banks and pushed the global economy into a recession,
spurring governments and central banks to spend trillions of dollars to
stimulate growth ) as deeply indebted countries and companies, which
Gundlach doesn’t name, will default sometime after 2013. "I don’t believe you’re going to get some sort of an
early warning," Gundlach warns "You should be moving now."
Submitted by Tyler
Durden on 11/30/2012
S&P futures are bleeding back down
again after-hours (and EUR -30pips) as Moody's announces the downgrade of the
EFSF and ESM from AAA to Aa1. "Moody's decision was driven by the
recent downgrade of France to Aa1 from Aaa and the high correlation in credit
risk which Moody's believes is present among the ESFS' and ESM's entities'
largest financial supporters." Of course, this is nothing to worry
about as we are sure that some Middle East sovereign wealth fund will still buy
their bonds? Or China? Or Supervalu?
*MOODY'S DOWNGRADES ESM TO Aa1 FROM Aaa, EFSF TO (P)Aa1
FROM Aaa
Not entirely surprising given the
underlying rating moves - but yet more AAA-rated collateral bites the dust.
Submitted by Tyler
Durden on 11/30/2012
With a late-day surge into the green for
the S&P 500 futures on (as usual) absolutely no news at all (attributed to
MSCI rebalancing) - that crossed the entire day's range in the space of 40
minutes, the Dow managed to just hold
13,000 and close green for the week . There was very significant
volume and block size into the ramp as it pulled away from risk-assets as only
a month-end move can magically achieve. In the same way as last Friday's close
was just remarkably silly, today followed the same path - though we note that rates and credit were outperforming stocks most of the
day and provided the target for the late-day surge . Once that
target was closed, S&P 500 futures then melted-down around the close and
after-hours. Utilities were the big winners on the week (+3.5%) as Financials
and Energy lost around 0.7%. Silver
crumbled to recouple with Gold (down around 2% on the week) while Copper
gained 3%. Treasury yields steepened into the close with the 30Y pushing higher
but ending -2bps (while the 10Y was -7bps). What a crazy stop-hunting,
algo-driven, VWAP-reverting end to a week of political volatility.
Submitted by Tyler
Durden on 11/30/2012
This objective one-stop-shop report
concisely summarizes the important macro events over the past week.
Submitted by Tyler
Durden on 11/30/2012
For a country in which the consumer is
responsible for 70% of GDP, one wonders: without savings and without wages where will this "recovery" we
hear so much propaganda about and which every investment bank this week went
all in on (just like they did in the end of 2010 only to admit their error 4
months later) come from? Because every now and then it helps to
step back from the trees and observe the forest. Behold: the forest .
Submitted by Tyler
Durden on 11/30/2012
Turns out no
free lunch after all: Greeks rage against pension calamity ( Reuters )
Athens banks
told of debt buyback ‘duty’ ( FT )
U.N. Gives
Palestinians 'State' Status ( WSJ )
Obama's Cliff
Offer Spurned ( WSJ )
Republicans
Reject Obama Budget as He Sells It to Public ( Bloomberg )
Macau Gangster
Who Missed Boom to Be Freed After 14 Years ( Bloomberg )
China Economic
Optimism Returns in Poll as Xi Beats Hu ( Bloomberg )
Spain May
Escape European Bailout, Former ECB Board Member Says ( Bloomberg )... but they
won't
After a
bashing, BOJ weighs "big bang" war on deflation ( Reuters )
Recession Left
Baby Bust as U.S. Births Lowest Since 1920 ( Bloomberg )
Japan unveils second Y880bn stimulus package ( FT )
Submitted by RANSquawk
Video on 11/30/2012
Israel moves to build 3,000 new homes The plans
include future construction in a strategic area where critics warn would kill
hopes for a viable Palestinian state. { The never ending story courtesy of the
war mongering, illegal nuke-toting, u.n. resolutions/international law
scofflaw, war crimes nation israel. } Brzezinski:
US must stop following Israel “like a stupid mule” Kevin Barrett | Brzezinski has drawn an unflattering
picture of US-Israel relations. { And
that goes for the politicians et als as well. Indeed, while there may have been
(ie., in the past) a time that blind adherence to the pro-israeli line was a
‘political advantage’, that’s certainly no longer the case. In fact, for all
Romney’s contra-indicated pro-israel babble, wobama’s jewish vote from the
prior election was unchanged while Romney was hurt among other constituencies
fearing a return to the moron bush neo-con/pro-israeli war mongering mindset.
} { The unfortunate reality is that
while rome burns, the ne(r)o cons fiddle with unreasonable israeli obsessive
preoccupations born of paranoia and irrational quest for control of people who
america and clinton herself warrant a
separate state by way of the 2 state solution. The fact is, america’s problems
are too large and grave for attention to israeli contrived, self-interested
concerns. The reality is that pervasively corrupt, defacto bankrupt america has
neither the time nor the resources to self-destructively ‘dance the tarantela’
with israel. }
11-29-12 Dave’s Daily: http://www.etfdigest.com ‘POLITICALLY DRIVEN MARKET 11-29-12
It’s a cliff-driven news market bringing
rapid trading and increased volatility. One day Boehner says something encouraging and the next reverses
course . Politicians of both parties, including
the WH, have been chirping away and talking to their base. Behind closed doors
maybe more serious things are being discussed. The president wants a deal
before Christmas. Given his schedule (20 days in Hawaii) would mean December 21 st . In the meantime the chatter will
continue and so will the volatility.Given this unique environment of QE and
ZIRP, perhaps old reliable indicators and reports lose their impact for now
anyway. The respected Economic
Cycle Research Index (ECRI) has been
forecasting a recession coming since May 2012. And some recent statistics
indicate this as true (Today’s Kansas City Fed Manufacturing Data -6 vs -1
expected) but perhaps it’s been hindered or delayed by monetary policies.In
overseas news China’s Shanghai markets have fallen to their 2009 lows, reported
PEs are below 11 (the lowest since 2011) and brokers will be cutting
commissions. Europe was higher on follow through bullishness from previous
budget “happy talk” Wednesday. This positive result came even as German
unemployment rose to 8 month high. And, Greece remains in the news as Dutch
Prime Minister Rutte confirmed yesterday’s “Greece will need more help” message as
valid.In the U.S. Jobless Claims remain high (393K vs 390K expected & prior
revised higher to 416 from 410K). The consistent higher revisions allow for
headline making better “beats” which you see in the financial media. GDP data
was reported (2.67% vs 2.8% expected & prior 2%). Within the data were more
important data: a massive build in defense spending and a serious decline in
consumer consumption. All this is well summarized by Consumer
Metrics Institute . In other words, if you look
under the hood of the data there isn’t much positive going on. But, looking
under the hood isn’t the way algos and bulls roll now. After a miserable New
Home Sales report the other day Pending Home Sales brightened the mood (5.2% vs
1% expected & prior .4%). Some current WH supporters are doing some
hypocritical things. For example, Costco (COST) co-founder
and Obama supporter, Jim Sinegal , is having a
large special dividend payable before the fiscal cliff when a increase
in the tax on dividends from 15% would be likely. Note Sinegal owns 2 million shares
or $14 million gross windfall. Wynn Resorts and Tyson Foods are doing something
similar.Stocks moved about rapidly with each positive or negative comment from
politicians promoting positions to their base. Depending on your stomach for
volatility you can jump in or stand aside until they work it all out.The dollar
(UUP) was lower once again and gold (GLD) recovered much of the previous day’s
losses. Commodities (DBC) rose as oil USO) rebounded. Bonds (TLT) were flat for
the most part. Stocks were led higher once again by tech (XLK) and social media
(SOCL) for example. Helping markets rally throughout the day were previous
comments from former Fed Governor William Dudley suggesting QE3 could continue
throughout 2013. Lastly the consensus among traders at least a short-term
fiscal cliff deal will be had—increase taxes first then deal with spending (not
a chance) later.The Fed has shown but not detailed in their holdings of “other”
Federal Reserve Assets a little over $200 billion. Most of this may be foreign
currencies or securities from overseas. (Spanish Bonds? Who knows?) http://albertpeia.com/daveschart112912.gif Volume was modest and breadth per the WSJ was positive…’
Blizzard of garbage on Wall Street Marketwatch { Indeed! }
November 29, 2012
http://gainspainscapital.com
http://albertpeia.com/spainssystemicsocietalsovereigncollapse.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/34signsamericaindecline.htm
Submitted by Tyler
Durden on 11/29/2012
The broadest US equity indices began to
fall following the 2nd Presidential Debate in mid-October, and stabilized after
the 3rd Debate. Weakness was well balanced with the 'most-shorted' names
staying in sync with the indices (in a more systemic risk-off manner). Hurricane Sandy appears to the beginning of traders
pressing the most-shorted names (we would suspect this was beta
chasing on expectations of weakness) and then once the election results were
known the most-shorted names really outperformed (i.e. fell considerably more
than the index). As the chart below shows, just as the Washington 'cone of silence' began, the
Russell 3000 had fallen 6% in November (and 8% from the 2nd debate), while the
Russell 3000's Most-Shorted Index had dropped almost 10% for the month (and 12%
from the debate) for a massive 400bps outperformance . The following
two weeks led to today where the most-shorted index has been squeezed 9.25%
higher to catch up to the broad Russell 300's performance for the month. As the
month closes, the index and its most-shorted names are perfectly in sync and
unchanged with one another - thus reducing dramatically the
fast-money ammunition for further squeeze potential.
Submitted by Tyler
Durden on 11/29/2012
Doug Casey often gets letters from angry
readers who accuse him of hating America, disloyalty, and perhaps even treason.
The truth is that he loves the idea that was America . It's the United State it has become for which he has
nothing but contempt. Where to begin? ...the US Constitution was essentially a
coup; the delegates to what we now call the Constitutional Convention were not
empowered to replace the existing government – only to improve upon the
Articles of Confederation between the then-independent states. The framers of
the Constitution drafted it with the notion of a national government already in
place, but calmed fears of loss of state sovereignty by calling the new
government the "United States of America" – a verbal sleight of hand
that worked for over half a century. Then the southern states decided to
exercise what these words imply, their right to leave the union... and as the government becomes more powerful, it's completely
predictable that everything – including the justice system – will become ever
more politicized... As great as a US citizen's risk is in the marketplace
these days, the greatest single risk
to their wealth and health is the government.
Submitted by Tyler
Durden on 11/29/2012
This memo on the official whitehouse.gov
website was released the other day and as Mike Krieger notes, it deserves wider discussion.
It implies that the Obama Administration may be very worried about the
truth getting out about all of their crimes, potentially via leaks from high
places. Read it for yourself, but the language is pretty clear.
Submitted by Tyler
Durden on 11/29/2012
In America we face our fiscal cliff or perhaps our bungee jump and while
no resolution is in sight the one thing that we can hang our hats on is that we
will face higher taxes. These may be the ones currently
proposed or they may be totally new ones as defined by some sort of compromise.
Given this 99% possibility it may be wise and in my opinion it is wise to take
some profits now before the end of the year. We would start with bonds that are
trading within a hairsbreadth of Treasuries or even through them and redeploy
further out the curve in bonds that have some reasonable chance of continued
compression. We think the compression will continue as the policy of
the Fed and the ECB does not change for some period of time and the flows
of money keep forcing the compression. We suggest taking some profits now because of two common sense principles.
Submitted by Tyler
Durden on 11/29/2012
One glance at today's
second read of Q3 GDP may leave some with the false impression that the US
economy is soaring, because after sliding to 1.3% in Q2, and after a
preliminary read of 2.0% in the first Q3 estimate, today's print, which missed
estimates of a 2.8% print, did nonetheless rise to 2.7%. " A stunning success" , the
administration sycophants would say. Absolutely wrong. Because a quick glance
at the underlying numbers shows the true picture of the economy which
contracted far more than most expected, with personal consumption collapsing to
1.4% Q/Q, on hopes of a 1.9% rise, and down from 2.0%. In fact, at 0.99%
personal consumption expenditures - the core driver of 70% of the US economy -
were a tiny 36% of the headline number. Ironically today's second GDP revision
was far worse when analyzed at the component level, than the first Q3 estimate,
which while lower overall at 2.0%, at least had personal consumption
nearly 50% higher at 1.42 %, or well over half of the total contribution. So what
drove "growth" in Q3? Nothing short of the most hollow and worst
components of GDP: Government Spending, which soared to 0.67% of the annualized
number, the first positive print in years, and of course, Inventories, which
were responsible for 30% of the headline number. Finally, and most importantly,
Fixed Investment, aka CapEx, was a meager 0.1%, or the lowest GDP contribution
since Q1 2011. Without CapEx there is no corporate revenue growth (and future
hiring intentions) period.
Submitted by Tyler
Durden on 11/29/2012
While any and every bad data point
recently has been summarily dismissed by the 'transitory' effects of Hurricane
Sandy, it appears in the deepest darkest reality that there is more of a
structural trend to this shift than simply a 'blip'. Claims missed expectations
and prior data was revised higher leaving the four-week-average at its highest since October 2011
jumping back over 400k. More critically, when we dig into the
details on the DoL site, we find some rather disturbing trends that totally
dismiss Sandy effects. For instance, according to the DoL, there were 30.6k fewer initial claims in New York Last
week - when this higher aggregate data point is supposed to be due to 'Sandy'. FL, MI, and MA
saw the largest increases in claims. It seems blaming this trend-break on Sandy
is now a non-starter - fiscal cliff front-running perhaps? Election hangover?
Submitted by Tyler
Durden on 11/29/2012
As this has been priced in since September 13, it should
come as no surprise to anyone : Fed Stimulus Likely in 2013 ( Hilsenrath )
Bowles Says
Fiscal Cliff Deal Unlikely by End of Year ( Bloomberg )
Argentina debt
repayment order frozen ( FT )
Obama Is
Flexible on Highest Tax Rates ( WSJ )... not really
Geithner
deployed for fiscal cliff talks ( FT )
Audit firms
Deloitte and KPMG sued in HP's Autonomy acquisition ( Reuters )
Euro-Zone
Budget Proposal Is Unveiled ( WSJ )
EU Nations
Clash on Thresholds for Direct ECB Oversight ( Bloomberg )
LDP leader Abe:
BOJ must ease until inflation hits 3 percent ( Reuters )
SNB’s Jordan
Says High Swiss Franc Burdens Many Companies ( Bloomberg )
EU to launch
free trade negotiations with Japan: EU officials ( Reuters )
11-28-12
Dave’s Daily: http://www.etfdigest.com ‘BULLISH ALGOS
SEIZE THE TAPE 11-28-12 Wednesday started with poor overall news. New Home Sales plummeted missing
expectations (368K vs 387K expected & prior revised from 389K to 369K)
which was quite a shock. Later the large hedge fund SAC received an SEC Wells
Notice meaning charges would soon follow perhaps even implicating Steve Cohen.
Rumors followed thereafter indicating there was selling in what might be SAC
related positions to meet what was presumed to be their positions. Markets
overall fell sharply including financials (XLF) and other sectors with selling
widespread. This included a bear raid on gold (GLD) and other metals post
options expiration which can often happen as those with big money can squeeze
those holders of options now converted to futures contracts. But this selling
implied a massive risk-off environment present.To the rescue swooped in Boehner
to suggest the fiscal cliff dialogue was moving forward and recent meetings
were “constructive”. ( Let’s
remember Boehner likes trading stocks .) Obama
followed shortly with brief comments stating he expected to have a deal done by
Christmas. Algos jumped on this news and arrested selling almost instantly. You
see they just look at headlines but don’t spend much time looking under the
hood. It was a remarkable turnaround confirming who, what and how machines are
dominating markets. And the day after Goldman Sachs CEO Lloyd Blankfein visited
the White House Thursday Mitt Romney will be having lunch with Obama. He’ll be
served crow no doubt.Elsewhere the Fed Beige Book showed economic growth to be
modest which seems to remain their primary description over the past 6 months.
Markets yawned at the news.Overseas, and probably faster than even the most
cynical bear would imagine, German
Finance Minister Schauble stated Greece will need more help. Wow, that was
quick! Germany’s most popular tabloid Bild published a scathing rebuke entitled “ The
Never Ending Story ”. In it they state when referring
to Greece: “The patient dies and the paramedic goes bustChinese stocks fell to
2009 lows as trading volume is drying in Shanghai. In a contrast the
Philippines (EPHE) reported GDP growth at 7.1% vs 5.4% expected & prior 6%)
as the country is on a great growth path.In Europe most share indexes recovered
from losses before the close in concert with the Boehner/Obama “happy talk”.The
dollar (UUP) was nearly unchanged after rallying sharply early in trading. Gold
(GLD) as indicated was hit hard by selling which is well-described here . Commodities (DBC) were dragged lower by energy (USO) in a “risk off”
pattern little noticed by the stock market clearly. Bonds (TLT) sharply higher
early on a flight to quality based on early news reversed course with stock
market rally.Volume on this crazy reversal day was higher as shorts were
squeezed once again. Breadth per the WSJ was positive…’
http://theeconomiccollapseblog.com
http://albertpeia.com/fiscalcliffpatheticos.htm
November 28, 2012 http://gainspainscapital.com
http://albertpeia.com/anotherpropplop.htm
Economic Collapse | By recklessly printing, borrowing and
spending money, our authorities are absolutely shredding confidence in the U.S.
dollar. Michael Snyder Economic
Collapse
http://albertpeia.com/giantcurrencysuperstormcoming.htm
Submitted by Tyler
Durden on 11/28/2012
Five
years ago, every American would have considered a trillion-dollar budget
deficit a national tragedy . If you believe the CNBC parrot show,
NOT having a trillion-dollar deficit is now a sure sign of the
Apocalypse. I speak of course of the cleverly dubbed “Fiscal Cliff,”
which panicked CNBC apologists are required to mention no less than 5,000 times
a day. Creating the illusion of
economic growth is easy if you can print money. It’s a prank you can play
on an entire country. Cut the value of the currency in half and the
economy’s size will appear to double. If it doesn’t, you’re in recession
(whether you know it or not). Cavemen probably understood this concept better than
America’s best economic minds.
Submitted by Tyler
Durden on 11/28/2012
A glimpse at stock prices, sovereign
bond prices, and credit spreads and you could be forgiven for believing that (a
la Juncker) Europe has turned the corner. The dismal reality is that one by
one, market-based signals have been decoupled from reality by repression or
plain old jawboning and squeezing. The picture of real fundamentals is
considerably worse as these three charts from Bloomberg Briefs show. The Good ( financial conditions index at multi-year highs ) is merely a
reflection of the ECB's transfer of risk and support (and is obviously hindered
by the acknowledged failure of transmission mechanisms; which leads to the bad
- both consumer and business confidence
has decoupled (in a bad way) from markets . All this
market-based hope is predicated on eventual joint-and-several-ness and an ECB
backstop that seems more promise than premise; the ugly is that Germany (cash-money for the rest of the
Euro-slaves) has seen six months in a
row of manufacturing orders plunge and nine of the last eleven . Markets
aside, fundamental realities suggest yet another hope-based rally due to be
faded.
Submitted by Tyler
Durden on 11/28/2012
While we are very far gone at the moment
as a society, never forget there are millions of people out there fighting for
what is right and we will succeed in ushering in a new and more positive era
for life on earth. These 11 minutes are well worth your time.
Submitted by Tyler
Durden on 11/28/2012
But, but, a central bank can never lose
money. Bzzzz, wrong. As it just so happens, the world's most tragicomic farce
of a central bank, and one which is about to officially lost its (faux)
"independence" and become a branch of the Japanese government if the
up and coming PM Abe has his way, the Bank of Japan, just reported that in the
quarter ended September 30, the
Japanese central bank reported an operating loss of Ą183.4 billion , and a net loss of Ą232.9 billion. As a
comparison, the loss in the same period in 2011 was "only" 91
billion. This is a harbinger of the total collapse that is the utterly
meaningless capital tranche of all central banks will go through before the
terminal phase of the global Keynesian experiment is finally completed.
But in the meantime, enjoy this chart of the Bank of Japan's balance sheet
returning back to a record Ą156... trillion .
Submitted by Tyler
Durden on 11/28/2012
Europe was looking a little dark this
morning; EURUSD was sliding, sovereign bonds flat-to-wider, and European stocks
and credit were at one week lows. Then Speak Boehner opened his mouth and the correlated world of systemic cliff-on / cliff-off jumped
to life and saved the day for all asunder. EURUSD remains down
on the day as GGBs lose some hope , credit remains an underperformer but the jerk
higher in stocks into the close was just remarkable in its idiocy. The equity
move looks far out of line to the rest of risk assets for now...
Submitted by Tyler
Durden on 11/28/
While the common wisdom, espoused by any
and all commission-taking wealth manager looking to up his AUM, is that Black
Friday sales (and the anecdotal evidence from self-referential store-owners and
CEOs) can tell us about the trend in the economy or they offer some divine
extrapolated insight into the year's final sales number. The truth; you can't
handle the truth. As BofAML's Michelle Meyer notes, there is no correlation between total holiday sales and
Black Friday sales over the past seven years . In fact, we
believe that not only are the early estimates of Black Friday sales
insignificant, they can send misleading signals. More
fundamentally, Black Friday sales can either signal a healthy consumer or a
desperate one, depending on the state of the economy. The bottom line is that
we advise fading the Black Friday sales
reports , but paying attention to the aggregate holiday sales
reports.
Submitted by Tyler
Durden on 11/28/2012
There are those who may be surprised
that last month's number of Seasonally Adjusted New Home Sales, which was then
reported at 389K, and which number hit the airwaves days before the Obama
reelection, was the highest since April 2010 . We are not
among them, as we were fully expecting today's number to be a major revision of
the September number lower - as just happened, with the whopper of a print
revised far lower to 369K - but doubled down with the additional miss of
expectations of Seasonally Adjusted annualized new home sales of 390K for
October when in reality only 368K were sold. All these numbers are annualized.
When observed on an as is basis, in October there was a grand total of 29,000
new homes sold in the entire USA, with the Northeast representing a whopping...
2,000 of this. Oh and of the 29,000 houses sold, 9,000 were not even started.
And finally, for those who enjoy pointing out the rise in home prices driven
only and exclusively by foreclosure inventory stuffing and removal of all such
real estate from the open markets, both the median and average new home price
($237,700 and $278,900) printed at at the lowest since June. Oh wait, we know:
Sandy's fault. Which explains all bad data. When the data is good, it is
nobody's fault.
Submitted by Tyler
Durden on 11/28/2012
It turns out the topic of today's much
expected conference call originating at 72 Cummings Point Road Stamford, is
what many already knew yesterday, namely that the SEC has warned SAC that
after years and years of pursuits, the enforcer is finally getting close in for
the kill, and has sent a Wells Notice, usually a first step before civil
charges are filed.
SAC SAID TO TELL CLIENTS IT GOT WELLS NOTICE FROM SEC
LAST WEEK
The notice will be filed against the
holdco, implying Cohen himself will be implicated, instead of just the CR
Intrinsic OpCo where Martoma worker. Usually the SEC does not file Wells
Notices without sufficient backing, so this may finally get interesting. But we
are not holding our breath. One needs to simply recall how the SEC bungled its
CDS insider trading case vs Millennium and Deutsche to see how the endgame here
could well be another epic humiliation for the soon to be Schapro-less
regulator.
Submitted by Tyler
Durden on 11/28/2012
Egypt protests
continue in crisis over Mursi powers ( Reuters )
Greece hires
Deutsche, Morgan Stanley to run Greek voluntary debt buy back, sources say ( Kathimerini )
Executives'
Good Luck in Trading Own Stock ( WSJ )
Hollande
Presents Mittal Nationalization Among Site Options ( Bloomberg )
Eurozone states
face losses on Greek debt ( FT )
Spain's rescued
banks to shrink, slash jobs ( Reuters )
EU Approves
Spanish Banks' Restructuring Plans ( WSJ )
At SAC,
Portfolio Managers Are Treated Like Stocks ( BBG )
China considers
easing family planning rules ( Reuters )
European Court
to Rule Over ECB’s Secret Greek File ( BusinessWeek )
And another top
tick indicator: Asia Funds Buy London Offices in Bet Volatility Is Past ( Bloomberg )
Harvard Doctor
Turns Felon After Lure of Insider Trading ( BBG )
Zucker Is Lead
Candidate to Head CNN ( WSJ ) - it's not
true until CNN misreports it
Iran "will
press on with enrichment:" nuclear chief ( Reuters )
Dave’s Daily: http://www.etfdigest.com ‘GREECE IS FIXED... SO THEY SAY
11-27-12 Eurozone
finance ministers, including the troika, have finally fixed the Greek debt
issues. Really? Yep, that’s what the PR releases and bullish headlines suggest.
So what’s the deal? From what we know Greece won’t have to make payments on
these loans for 10 years, interest rates will be significantly reduced and the
ECB will be buying their bonds. Significantly, this means Greece will get its
€50 billion next week to avert a major default. The downsides of the deal are
the so-called “firm commitments” Greece must adhere to on austerity and other
goals to meet certain targets. These include a debt to GDP ratio of 175% in
2016, 124% in 2020 and 110% or lower by 2022. It’s all well summarized by Mark Grant here who calls
it a fairy tale. I would observe most of the deal participants will not be
around in 10 years and have merely kicked the can down the road. There was
initial relief on the settlement since algos really don’t have the time to look
under the hood at the details these days.Meanwhile the OECD has now estimated
the eurozone to have -.4% GDP growth in 2013 and estimated U.S. GDP down to 2%
from previous 2.5% estimate. Their recommendation naturally is for more
monetary easing and stimulus. If the fiscal cliff should occur then all bets
are off. India is experiencing slower GDP growth by their standards 5.3% vs
5.6% and higher inflation over 7%. The political will there has become
fragmented making solutions as difficult there as elsewhere. But on the news,
stocks rallied…snicker.Durable Goods Orders were flat at 0% but beat some
estimates. Consumer Confidence rose slightly to 73.7 vs prior 73.1.
Case-Shiller Home Price Index showed small continued gains of .4% vs .5%
previous and 4% YTD increases overall. The Richmond Fed Mfg Index increased
substantially (9 vs -8 expected & prior -7) offsetting yesterday’s stinker
from Dallas. The Fed is now fully engaged with POMO activities injecting $5.7 billion to primary dealers.SAC hedge fund
will have a conference call with their investors Wednesday to assuage concerns
and reassure them that Steve Cohen had absolutely nothing to do with insider
trading and it’s something they’ve never done before or will do in the future.
There is the small matter of $275 million in profits that need to be returned
which will come out of investors’ pockets theoretically. Perhaps Steve will
cover it out of his pocket which he can easily do. I guarantee you there will
be news reported about this via leaks from third parties.Stocks in the U.S.
fell as fresh worries about the fiscal cliff emerged not based on anything
specific other than investors rediscovered its existence. But we really
shouldn’t worry since GS Blankfein will be doing more of God’s work in a
scheduled meeting with Obama. Leading the way lower were miners (XME) and
financials (XLF). Bonds (IEF) were mildly positive. The dollar (UUP) was
stronger and gold (GLD) was weaker. Commodities (DBC) and oil (USO) were also
weaker on the stronger dollar.Volume overall remains weak but was lighter
Tuesday on selling. Breadth per the WSJ was negative…’
Student loan delinquencies hit new high Marketwatch
Drudgereport: PRAVDA:
Obama 're-elected by illiterate society'... http://albertpeia.com/obamberthemistake.htm }
UN
EYES CONTROL OF INTERNET {
Come on! The un can’t even do what they are supposed to do! Enforce resolutions
as to some nations, not others … war crimes delineated for some nations, not
others … then the corruption, wasted resources, etc.. They are the ‘uncompetent’ bent on destroying/controlling the
viability of the important free flow of information! }
November 27, 2012
http://gainspainscapital.com
http://albertpeia.com/germanypreparesforgrexit.htm
‘… This is simply not
going to happen. Germany will play ball with the EU by signaling its efforts to
keep things together, but the German’s have in fact been implementing a
contingency plan for nearly one year now.
I broke
this story in February 2012. I haven’t seen it mentioned anywhere else. I
wrote:
…Germany
has put into place a contingency plan that would permit it to leave the Euro if
it had to.
As a
brief recap, this contingency plan consists of:
#1)
Legislation that would permit Germany to leave the Euro but remain a part of
the EU.
#2)
The revival of its Special Financial Market Stabilization Funds, or SoFFin for
short, to which Germany has allocated 480€ billion Euros to in the case of a banking
crisis (the fund will also permit German
banks to dump their euro-zone government bonds if needed ).
This
occurred back in February. And Germany now has a formal working group assessing
the cost of a Grexit? The EU is on borrowed time. I mentioned earlier this year
that German tourism companies have put contingency plans for the return to the
Drachma in the contracts for their Greek subsidiaries. However, now even large
US-based multinationals are implementing contingency plans for a Grexit.
The list includes
JP Morgan, Bank of America Merrill Lynch, Visa, PricewaterhoursCoopers, Boston
Consulting Group, Juniper Networks, and others.
Buckle up,
things are about to get ugly.
This is why I’ve been warning that 2008 was just the warm-up. What is
coming will be far far worse…’
Submitted by Tyler
Durden on 11/27/2012
We have already discussed the student
loan bubble, and its popping previously, most extensively
in this article . Today, we get the Q3 consumer credit breakdown update
courtesy of the NY Fed's quarterly
credit breakdown . And it is quite ghastly. As of September 30, Federal ( not total, just Federal ) rose to a gargantuan $956
billion, an increase of $42 billion in the quarter - the biggest quarterly update
since 2006. But this is no surprise to anyone who read our latest piece on the
topic. What also shouldn't be a surprise, at least to our readers who read
about it here first, but what will stun the
general public are the two charts below , the first of which shows the
amount of 90+ day student loan delinquencies, and the second shows the amount
of newly delinquent 30+ day student loan balances. The charts speak for
themselves.
Submitted by Tyler
Durden on 11/27/2012
In what is the first formal speech of
Simon "Harry" Potter since taking over the magic ALL-LIFTvander wand
from one Brian Sack, and who is best known for launching the Levitatus spell
just when the market is about to plunge and end the insolvent
S&P500-supported status quo as we know it, as well as hiring such sturdy
understudies as Kevin Henry, the former UCLA economist in charge of the S&P
discuss the "role of central bank interactions with financial
markets." He describes the fed "Desk" of which he is in charge
of as follows: " The Markets Group
interacts with financial markets in several important capacities... As most of you probably know, in an OMO the central bank
purchases or sells securities in the market in order to influence the level of
central bank reserves available to the banking system... The Markets Group also
provides important payment, custody and investment services for the dollar
holdings of foreign central banks and international institutions." In other words:
if the SPX plunging, send trade ticket to Citadel to buy tons of SPOOSs,
levered ETFs and ES outright. That the Fed manipulates all markets: equities
most certainly included, is well-known, and largely priced in by most,
especially by the shorts, who have been all but annihilated by the Fed. But
where it gets hilarious, is the section titled " Lessons Learned on Market Interactions through Prism of
an Economist" and in which he explains why the Efficient Market
Hypothesis is applicable to the market. If anyone wanted to know why the US
equity, and overall capital markets, are doomed, now that they have a central
planning economist in charge of trading, read only that and weep...
Submitted by Tyler
Durden on 11/27/2012
Great and wondrous things seem to be
afoot among the righteous bankers of the world. A few months ago Matt Zames was
named to get JPMorgan's CIO office out of trouble - and also happens to be the Chairman
of the all-powerful Treasury Borrowing Advisory Committee . Just
yesterday, Mark Carney completed Europe's full-house of ex-Goldman
Sachs alum running the region's monetary policy . Today we hear
Lloyd Blankfein will be sidling up to Obama tomorrow. And now this; from the
never-crony-capitalist himself, billionaire Warren Buffett has publicly blessed
Jamie "apart from the failure of control" Dimon as the best man for
the top job at the Treasury. "If
we did run into problems in markets, I think he would actually be the best
person you could have in the job ," Buffett added ( sounding more
like the 'we' meant he ) and dismissed the London-Whale "failure of
control" with sometimes "people go off the reservation." With Zames
running the Shadow Treasury and Dimon running the Real Treasury, is it any
wonder that inquiring minds are asking who really runs America (and for whom)? Of course, in
the pre-Fed era - over 100 years ago, JPMorgan Sr. 'bailed-out' America
before...
Submitted by Tyler
Durden on 11/27/2012
With everyone now well aware that
revenues of S&P 500 companies have taken a turn for the worse and are
declining for the second consecutive quarter (with well over a majority missing
sellside estimates and trimming Q4 guidance), many are wondering: how can
corporate EPS continue to grow, even if nominally? Are there really so many
people left to be laid off? The answer, to the latter, is no, for the simple
reason that it is not layoffs that have driven the upward persistency
in corporate earnings. Then what has? Simple: when in doubt, "charge
it" - this axiom seems to work not only for cash strapped consumers, but
for corporations who know very well that when unable to satisfy earnings
estimates using regular way earnings, companies can just write off "one
time charges" and get the going concern EPS benefit for such an action.In
fact, as the table below shows, a
whopping 14% of all 'pro forma' 2012 EPS will be due to "one time write
offs" - the highest proportion of total earnings since 2009 !
Submitted by Tyler
Durden on 11/27/2012 Exactly two years ago, some of the more
politically biased progressive media outlets (who are quite adept at creating
and taking down their own strawmen arguments, if not quite as adept at using an
abacus, let alone a calculator) took offense at our article " In
Entitlement America, The Head Of A Household Of Four Making Minimum Wage Has
More Disposable Income Than A Family Making $60,000 A Year ." In it
we merely explained what has become the painful reality in America: for
increasingly more it is now more lucrative - in the form of actual disposable
income - to sit, do nothing, and collect various welfare entitlements, than to
work. This is graphically, and very painfully confirmed, in the below chart
from Gary Alexander, Secretary of Public Welfare, Commonwealth of Pennsylvania
(a state best known for its broke capital Harrisburg). As quantitied, and
explained by Alexander, "the
single mom is better off earnings gross income of $29,000 with $57,327 in net
income & benefits than to earn gross income of $69,000 with net income and
benefits of $57,045. "
Submitted by Tyler
Durden on 11/27/2012
While the just released Durable Goods orders report for October came in
modestly better than expected (which many thought would be a decline due to
Hurricane Sandy), the primary driver of this continues to be record durable
good inventory accumulation. Excluding the noise, and focusing only on real,
non-noisy economic strength metrics such as New Capital Goods Orders
(technically defined as the year over year change in Non-Defense Capital Goods
Excluding Aircraft), a very different and far uglier picture emerges. In fact,
the October Y/Y Plunge of -8.1% in this major indicator was the biggest drop
since 2009.
Submitted by Tyler
Durden on 11/27/2012
OECD slashes
2013 growth forecast ( FT )
Fiscal Cliff
Compromise Elusive as Congress Returns ( Bloomberg )
China’s PBOC
Chief Search Spurs Focus on Finance Regulators ( Bloomberg )
Elected, but
Still Campaigning ( WSJ )
Pentagon
Readies Options for Afghanistan Force After 2014 ( Bloomberg )
Greece Wins
Easier Debt Terms as EU Hails Rescue Formula ( Bloomberg )
Monti presses
Cameron for EU referendum ( FT )
Welcome, Mr
Carney – Britain needs you ( FT )
Argentina seeks
halt to $1.3bn debt order ( FT )
Asean chief
warns on South China Sea disputes ( FT )
South Korea
Tightens FX Rules to Temper Won Surge ( WSJ )
11-26-12
Dave’s Daily: http://www.etfdigest.com ‘GREECE & FISCAL CLIFF VIE FOR
CREDIBILITY 11-26-12 The new week begins
with more late night negotiations in the eurozone for the umpteenth iteration
for a Greek fix. Most of the deal choices finance ministers have considered
appear unsubstantial like accepting Greek bonds as collateral for aid or
lowering interest repayments and etc. But no matter ministers will spin
whatever they do as successful. They may even launch more meetings with some
bridge loan to buy time.Meanwhile in the U.S.
politicians are digging in for some tough negotiations for the fiscal cliff. Even if there’s a brief
trip over the cliff something will be done to “save the day” before we splat.
Taxes will go up, perhaps second home deductions will disappear and some token
cuts (mostly to defense) will appear. In Japan there’s
a spirited battle taking place about Bank
of Japan policies regarding easing policies including QE. To quell the dispute
the current head asserted easing alone won’t solve the problems facing the
economy. And in more debt related news Argentina continues to saying no to honoring its
debts. This is an easy sell to the populace in many South American
countries.Taken together these should remind everyone the debt pickle the world
is in. Lastly from
overseas the Bank of England announced a successor to Merwyn King by naming former, wait for it…Goldman Sachs honcho Mark Carney
as its new head. Carney at one point during his tenure with GS was advising
Russia on its debt situation during its financial crisis while at the same time
the company was shorting Russian debt. So I guess he’s qualified to deal with
sovereign debt issues as GS starts to take over most of Europe and other
central banks.The post mortem (beyond those shoppers getting maimed, maced or
killed) on Black
Friday shopping
remains mixed. Some believe the week’s total sales overall were very good when
including Thursday and online sales.Economic data in the U.S. showed a
shockingly poor Dallas Fed Survey (-2.8 vs 4.7 expected & prior 1.8)
meaning economic growth was in decline. And the Fed is busy with bond buying QE
now which you can view here .In hedge fund follies, Mathew Martoma is either going to jail or
will make a deal with authorities to give up a higher up at SAC for his record
insider trading activities. That could get very interesting. The dollar (UUP) was flat while gold
(GLD) also did little. Bonds (IEF) and (TLT) recovered from the previous week’s
losses. Commodities (DBC) were modestly lower taken down mostly by energy and
oil (USO) while base metals (JJC) were unchanged. Stocks were led higher by
tech (XLK) while retail (XRT) and (XLY) were weaker. Volume didn’t improve
significantly after the ridiculously light affair from the holiday week.
Breadth per the WSJ was mixed…’
November 26, 2012
http://gainspainscapital.com
http://albertpeia.com/horriffic2013.htm { Indeed, it will be! }
‘This is
going to be a very special holiday season. The reason? It’s the last hurrah
before things get very very ugly.
Just off
the cuff, you need to know that:
1)
China, the EU, and the US (comprising over 50% of Global GDP) are in recession
already. The EU has already announced this. Look for the formal announcements
concerning the US and China to hit the airwaves next year.
2)
Some data points concerning these nations indicate that this recession will be
on par with that of 2007-2008.
A rising
tide raises all ships. Similarly, a sinking tide lowers everything. Bear this
in mind as a global economic contraction will have severe implications for
everything.
Beyond the
global economy, we now face sovereign and banking crises in Europe…’
http://theeconomiccollapseblog.com
http://albertpeia.com/hungryfortheholidays.htm
http://endoftheamericandream.com
http://albertpeia.com/cripplingsolarstorms.htm
Submitted by Tyler
Durden on 11/25/2012
Egyptian stocks cliff-dived by their most since the Arab Spring in January
2011 as Morsi's reach-for-omnipotence sends
concerned ripples through the nation that they have replaced 'military fascism' with so-called
'islamofascism' . Tensions are rising once again in Tahrir Square, but as
Russia Today notes in this clip, the new regime is somewhat more heavy-handed
than the previous one in its control of protesters. Critically, the Musilm
Brotherhood's opposition forces, who have been quite divided recently, are
joining to fight the common enemy as clashes between pro-Morsi and anti-Morsi
forces are erupting. Perhaps just as worrisome as the social unrest is the fact
that Egypt's Stock Exchange
Director Said Hisham Tawfiq fears "Egypt announces bankruptcy within 3 months in the
case of the continuation of the current situation," though we note
Egypt CDS are near 16-month lows.
Submitted by Tyler
Durden on 11/25/2012
Two Fridays ago, just as AAPL was in
danger of plunging below the absolute last support level of $500 after which
freefall for it and the entire market begins, a truly unexpected deus ex
machina appeared for those still clinging to long stock positions: politicians,
in this case John Boehner and Nancy Pelosi, who held a press conference in
which they defined the recently launched "Fiscal Cliff" talks as
"constructive." In reality, this appearance was nothing but a photo
opportunity for talking heads (as explained in "Risk Ramp on Boehner
Banality"), and one which as Nancy Pelosi herself admitted later, served
simply to halt what then looked like an assured free fall in the markets. Since
then the ongoing rally in stocks and the EURUSD has been predicated on the
"constructiveness" of the talks actually being real. Judging by the
latest update from Reuters, Goldman will likely be right, if only in the short
term. As Reuters admits, " U.S. lawmakers have made little progress in the
last 10 days toward a compromise to avoid the harsh tax increases and
government spending cuts scheduled for Jan. 1, a senior Democratic senator said
on Sunday." That this update comes after the "big" market swoon
into the recent lows from November 16, is certainly cause for alarm, because it
means that at least one more violent market whipsaw to the downside will have
to take place before there is any cliff progress to report.
Submitted by Tyler
Durden on 11/25/2012
With all bad news on the tape now having
a suitable "explanation", be it a prior president, a tropical storm,
the weather being too hot, the weather being too cold, the weather being just
right, but never, ever someone actually taking blame for the fact that life is
what happens when corporate CEOs (and sovereign presidents) are busy making
"priced to perfection" plans. So it is with what is now a confirmed
flop of a Black Friday, which according to ShopperTrak saw sales drop by nearly
2% to $11.2 from 2011, which in turn was a 6.6% gain over 2010 (and would be
revised to far lower once all the refunds and exchanges to cash took place in
the two weeks later). This occurred despite a 3.5% increase in retail foot
traffic to 307.7 million store visits. The nominal drop in retail sales also
occurred despite a nearly 1% increase in the total US population over last
Thanksgiving, and a 2% Y/Y inflation. But fear not: the ad hoc excuse for this
"surprising" loss in purchasing power is already handy: it is all Black
Thursday's fault, or the latest idiotic attempt by retailers to
cannibalize their own future sales by diluting the exclusivity of Black Friday,
and which will force all retailers to follow the sovereigns in a race to the
bottom, as soon every day will be the equivalent of Black Friday. But at least
retailers have another 364 years worth of excuses for the conceivable future to
excuse any and all store weakness. Next year: it's all Black
Wednesday's fault.
Submitted by Tyler
Durden on 11/25/2012
For those still unsure why Spain PM
Mariano Rajoy is fighting tooth and nail to avoid requesting an official
activation of the ECB's SMP reincarnation: the OMT, which is a conditional bond
buying program supposedly pari passu with the private market (but not really)
here is an explanation. While Spain already requested, and received, a bailout
of its banking system, which according to eronous analyses by firms such
as Oliver Wyman will be at most €60 billion, and which according to others
(such as us) will eventually end up costing orders of magnitude more once the
green light for extortion is open for the New Normal modified vigilantes, said
bailout would come with full conditions. Today we learn what a major condition
of the first bank bailout tranche disbursement will be. It should come as no
surprise to our readers- recall that in
May when discussing the absolute lack of any actual austerity implementation
we said, that " In fact, the epicenter of
the current meltdown - Spanish banking - has seen only de-minimus headcount
reduction over the past few years - so who is tightening their belts? " It seems
someone at the Troika was paying attention, because as El Pais reported,
European condition number 1 will be an epic bloodbath of pink slips come
Monday, with Spanish banks expected to fire thousands of bank workers
immediately and shut down 1,000 branches.
Submitted by Tyler
Durden on 11/24/2012
Jerry O'Neil, six-term GOP state
representative in Montana, has asked
to receive his salary (which at $10.33 per hour is around
$1800 per month) in gold or silver . The
long-standing legislator was driven to this decision by his constituents'
concerns about the nation's massive debt-load and fears of our country's
collapse as "only so many dollars
can be printed before they have no value." The long-time
Ron Paul supporter , according to Time , cited Article 1, Section 10
of the US Constitution , which says, in part, that "No State
shall... make any Thing but gold and silver Coin a Tender in Payment of
Debts." State administrators have denied his request and added that "a bill could
be introduced to accomplish this result." O'Neil, like many other,
believes "The Keynesian era of financing government with debt appears to
be close to its demise."
Submitted by Tyler
Durden on 11/24/2012
While the general consensus from the media, and the majority
of analysts, is that the U.S. economy will avoid a recession - there
have been numerous
indicators that have continued to point to deterioration in the
economic fabric. Most recently
industrial production in the U.S. dropped sharply, along with capacity
utilization rates, due to the growing recession in Europe, and slowdown in
China, which has impacted exports from domestic manufacturers. While it is not
popular within the media, or blogosphere, to point out economic concerns but
rather why markets are going to engage in a continued bull market - the simple reality is that by the time the NBER announces an
official recession it will be far to late for investors to minimize
the damage . The leading-to-lagging
ratio continues to point to an economy that has very little, if
any, actual momentum which leaves it very susceptible to
exogenous shocks.
Submitted by Tyler
Durden on 11/24/2012
Back in March, we
first presented a rather stunning finding: by 2020 75% of Americans will
be obese or overweight. This was promptly followed up with
a post showing just how it is transpired that America became the fattest nation
in the world in less than 20 years. What however may not be known, is that
America's fatness epidemic is not localized to the country that gave the world
the McDonalds burger (and the McMansion): it really is a fat, fat world, after all.
Submitted by Tyler
Durden on 11/26/2012
Many economists are suggesting that the
second estimate of Q3 GDP, which showed an initial estimate of 2.0% annualized
growth, will be revised sharply upward to 2.8%. The problem is that the surge in demand isn't
materializing at the manufacturing level. The
month-over-month data has begun to show signs of deterioration as of late which
doesn't support the idea of a sharp rebound in economic activity in recent
months. The headwinds to economic
growth are gaining strength as the tailwinds from stimulus related support
programs fade . This has been witnessed not only in the manufacturing
reports, such as the CFNAI and Dallas Fed Region surveys where forward
expectations were sharply reduced, but also in many of the corporate earnings
and guidance's this quarter.
Submitted by Tyler
Durden on 11/26/2012
Broadly speaking, risk markets seemed
stuck in tryptophan-mode today but as always it was stocks that used a mediocre
volume day to squeeze the odd name here or there. Facebook and Apple were the
wunder-kind once again (with the latter now up almost 17% from its swing lows
at its 30DMA and a 38.2% retrace of the high-to-low move). The Apple gain moved the Nasdaq into the green (for the
sixth day in a row) but the S&P 500 (despite its best efforts into the
close) was unable to reach green after overnight weakness . S&P 500
futures did managed to cross into the green (fill the gap) as the day-session
closed but Treasury yields were lower
all day and signaled considerably less exuberance . FX markets
oscillated in ever-decreasing ranges as everyone waits for the next eurogroup
bullgasm. Commodities wondered aimlessly with Oil down and Copper up and
gold/silver either here nor there. VIX rose modestly to 15.5% by the close as credit markets overall underperformed stocks .
Submitted by Tyler
Durden on 11/26/2012
Goldman Turns
Down Southern Europe Banks as Crisis Lingers ( Bloomberg )
Euro Ministers
Take Third Swing at Clearing Greek Payment ( Bloomberg )
Chamber
Sidestepped in Obama’s Talks on Avoiding Fiscal Cliff ( Bloomberg )
Republicans and
Democrats Differ on Taxes as Fiscal Cliff Looms ( Bloomberg )
Republicans
bargain hard over fiscal cliff ( FT )
Catalan
Pro-Independence Parties Win Regional Vote ( BBG )
Shirakawa
defends BoJ from attack ( FT )
Run-off looms
in Italy’s centre-left vote ( FT )
BOJ rift
surfaces over easing as political debate heats up ( Reuters )
Barnier seeks
‘political will’ on bank union ( FT )
New BOJ Members
Sought More-Expansionary Wording ( Bloomberg )
Osborne May
Extend U.K. Austerity to 2018, IFS Says ( Bloomberg )
11-23-12 Dave’s Daily: http://www.etfdigest.com ‘HEDGE FUNDS STRUT THEIR STUFF 11-23-12
I’ll keep this commentary short until I
write for members tomorrow. Basically here is what’s happening: hedge fund SAC has allegedly been dominating 10% of daily trading on NYSE . With markets oversold heading into the holiday week and volume
collapsing, SAC (and presumably
others) trading participation as a percentage of total volume no doubt soared.
This meant those stocks with the most short interest and trailing resting stops
were easy pickings for a squeeze. The magnitude of the squeeze was impressive
even as there was little supportive bullish news. It’s just further evidence of
market manipulation…’
November 23, 2012
http://gainspainscapital.com
http://albertpeia.com/lastpushbeforebigcollapse.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/blackfridayriotscivilunrestpreview.htm
Submitted by Tyler
Durden on 11/23/2012
No, this is not a screaming herd of wild
teenage girls awaiting the arrival of Justin Bieber or One Direction - this is
Black Friday at a Victoria's Secret in Kansas... amazing that America has come
to this.
Submitted by Tyler
Durden on 11/23/2012
We presented
a detailed look into China's credit bubble earlier this week and why
serial-extrapolators may well have to adjust their strategy calls sooner rather
than later; but the more we look around in the detritus of China's
non-centrally-issued datasets, the more concerned we become. To wit, the major issuance of local government investment
vehicles (LGIVs) in the last few months to stabilize growth amid falling fiscal
revenue growth . The unintended consequence of PBoC-sponsored debt
restructurings (as Barclays notes, rolling over debt via the issuance of new
products or buyouts by asset management companies) is creating a false sense of
security for these instruments, reinforcing
the belief of an 'implicit government guarantee' . We tend to
agree with Barclays when they conclude that the underestimation of the credit
risks in both the trust loans and bond markets could induce excessive risk-taking - and warrants
extremely close monitoring.
Submitted by Tyler
Durden on 11/23/2012
Markets initially sold off on Tuesday as
Bernanke's speech gave no mention of further easing programs; but rebounded on his closing remarks, which the media latched
on to, regarding optimism about economic growth in 2013 . This was
welcome news - as long as you don't think about it too much . With debt
levels continuing to spiral higher, which acts as a governor on economic growth
due to the debt service requirement, the question of a return of economic
growth becomes much more cloudy. The problem for Bernanke comes down to his inability to provide realistic economic forecasts as the Federal
Reserve faces a severe 'communications' challenge, which is the creation of a
self-fulfilling prophecy. Imagine that following an FOMC meeting Bernanke
stated:
"The policies and actions that we
have implemented to date have
done little to curb economic weakness . The economy is in much worse
shape that we have previously communicated as the transmission system of Fed policy through the economy,
and the financial markets, is obviously broken ."
The immediate reaction to such a
statement would be a complete meltdown of the
financial markets .
Submitted by Tyler
Durden on 11/23/2012 The JPY dropped 1.3% against the USD
this week for a greater-than-6% drop since its late-September highs as it
appears the market is content pricing
Abe's dream of a higher inflation-expectation through the currency devaluation
route (and not - for now - through nominal bond yields -
implicitly signaling 'real' deflationary expectations). In a 'normal'
environment, Barclays quantified the impact of a 1ppt shift in inflation
expectations from 1% to 2% will create
a 'permanent inflation tax' of around 18% (which will be
shared between JPY and JGB channels). However, as we
discussed in detail in March (and Kyle
Bass confirmed and extended recently ), the current 'Rubicon-crossing'
nature of Japan's trade balance and debt-load (interest-expense-constraint)
mean things could become highly
unstable and contagious in a hurry . When the
upside of your policy plans is an 18% loss of global purchasing power, we hope
Abe knows what he is doing (but suspect not).
Submitted by Tyler
Durden on 11/23/2012
Confused
at why the stock market has risen phoenix-like this week amid no-news on the
fiscal cliff, a lack of closure on Greece and EU budgets, and a further
collapse in Japan's trade balance? Wonder no longer; for the explanation is
simple - a massive and dramatic short-squeeze has created a 200bps
outperformance this week among the most-shorted Russell 3000 names. Impressive
indeed; sustainable? One wonders if an "expert network" was used by
various known and unknown CT-based hedge funds for "advice" to ramp
stops in the highest beta, most shorted stocks in a market in which volume
would be so abysmal any entity which already controls 10% of NYSE volume could
do with the market as it saw fit?
Submitted by Tyler
Durden on 11/23/2012
Boehner
comments show tough road ahead for "fiscal cliff" talks ( Reuters )
Argentina angry
at hedge fund court win ( FT )
EU Spars Over
Budget as Chiefs See Possible Deadlock ( Bloomberg )
Merkel doubts
budget deal possible this week, more talks needed ( Reuters )
Greek deal
hopes lift market mood ( FT )
Greek Rescue
Deal Faltering Cut in Rescue-Loan Rate ( Bloomberg )
Japan's Abe
Pushes Stimulus ( WSJ ) - Unpossible:
a Keynesian in Japan demanding stimulus? Say it isn't so.
Authorities
Tried to Flip Trader in Insider Case ( WSJ )
Submitted by Tyler
Durden on 11/22/2012
The question whether China will suffer a
"hard" or "soft" landing is, in the long-term, largely
irrelevant and misleading. A far more critical question is whether the period
of 10%, or even 7% annual growth, for the world's biggest marginal growth
dynamo of the past decade, is now over. Read on for the answer.
Detroit
mayor announces furloughs to avoid bankruptcy
Christian Science Monitor | City Council
delaying a $30 million infusion of state funds.
Economic
IQ test: If the national debt doesn’t matter, then why are we still paying
federal income taxes?
Mike
Adams | The U.S. federal government is over $16.2 trillion in debt.
Why
Does Sesame Street Receive Public Funding?
David Barrow | Show rakes
in $45 million plus in merchandising alone.
Europe
Fails Again, This Time To Get Budget Deal Done
Zero
Hedge |In what should be the least unexpected news of the day, Europe has
failed for the second time in one week, after disappointing with no Greek
resolution on Monday.
Latest
U-Haul Index Shows Californians Leaving for Texas
Bob
Adelmann | The U-Haul index is right: More and more people think it’s worth it
to pay extra to get out of California.
Food
Banks in the U.S. Running Low on Supplies… Ominous Sign for 2013
Zero
Hedge | This is a very interesting yet ominous article from Reuters about the
current food bank situation in these United States.
November 21, 2012 http://gainspainscapital.com
http://albertpeia.com/epicfinancialmeltdown.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/timetogetoutofdodge.htm
10 people who led us to the ‘fiscal cliff’ Marketwatch
http://thetruthwins.com
http://albertpeia.com/dominationcontrolgrid.htm
{ First and foremost
clarification: There are no elite on this planet. The grim reality for this
planet is a dominant species descended from initially notochords, primitive
chordates, and relatively more recently, primitive apes. http://albertpeia.com/anthroindex1.htm , for a brief
but sorrowful history of man. }
[ 12 Pictures That Demonstrate
How The New World Order Openly Mocks Us http://albertpeia.com/newworldordervedgesmockus.htm { First, let me say that the vedges of the
so-called new world order are in no real position to mock anyone, so mockable
as they indeed are, as the incompetent vegetables that they in fact are, who
have been the very architects of ultimately their own and the planet’s decline,
fall, and demise. Yet, there is no question but that the ‘masses’ so mocked,
deserve to be mocked, having embraced their dismal fate at every turn; viz.,
their embrace of ‘political correctness’, though contraindicated, as, ie., the
embrace of the violent, destructive nigger who literally would have them for
dinner, or the compulsion to embrace that which the state says is right, though
contraindicated, for political expedience owing to failure fed (including the
incompetent missteps of the failed fed) desperation, ie., gay marriage, etc.,
contrived wars / conflicts, among other clearly observable, self-interested
behavior of people, companies, nations, including the gargantuan bailed out
frauds on wall street to everyone’s (but the frauds’) detriment, still
unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has
not been held to even one of his former now broken campaign promises and is
embraced by those foolish enough to believe more of the same is testament to
how deserving of mocking the masses truly are (people should be outraged and
wobama should be ‘ridden out on a rail’). Make no mistake; the reality is that
the ‘new world order’/so-called ‘elite’ are not elite at all; but rather,
incompetent vegetables who can’t do anything right as they’ve now proven time
and time again. As I previously said:
Hostess gets court approval to liquidate Marketwatch
{ Alas, adieu sweet hostess. As a kid (as an adult as well but can’t
afford those calories and haven’t had them in years), truth be told, though I
liked twinkies with milk, preferably chocolate milk, I invariably opted for the
cream-filled chocolate cake, chocolate iced (with the squiggle on top) hostess
cupcakes; with plain milk, of course. The ‘golden-goose-killers’ strike again!
}
Submitted by Tyler
Durden on 11/20/2012
Given our
earlier comments , it is hardly surprising but the Eurogroup meeting just
ended and there is no agreement; headlines via Bloomberg:
*FRIEDEN SAYS NO DECISIONS REACHED TODAY ON GREECE BY
EUROGROUP
*FRIEDEN SAYS EURO FINANCE CHIEFS TO CONTINUE TALKS ON
MONDAY
*SCHAEUBLE SAYS EUROGROUP UNABLE TO REACH CONCLUSIVE
AGREEMENT
*LAGARDE SAYS MORE WORK NEEDED FOR GREEK SOLUTION
*JUNCKER IDENTIFIED 'CREDIBLE' IDEAS TO BRING DOWN GREEK
DEBT (well he would wouldn't he?)
EURUSD is tumbling (as are S&P 500
futures in their oh-so-correlated manner)
Submitted by Tyler
Durden on 11/21/2012
What is the latest state of play that has the biggest support from all
parties? It appears that the plan which is now back in play, is one which
Greece had
previously nixed , namely a partial Greek bond buyback of the private
bonds at a discount to par: with numbers currently rumored anywhere between 25
cents and 50 cents on the euro. And even if Greece agrees with this proposal,
there is a question of where Greece will get the money for this distressed debt
buyback? After all Greece is completely broke, and any new cash would have to
be in the form of loans, as not even the most nebulous interpretation of the
Maastricht treaty would allow an equity investment, or to use the proper
nomenclature, " a fiscal investment " into Greece. But the kicker
is when one traces the use of funds. Because what is will happening is a
payment not to Greece , obviously,
but to its creditors: entities which for the most part are hedge funds, and
which have bought up GGB2s in the mid teen levels as recently as 4 months ago
(recall Dan Loeb's major position in Greek bonds).
Submitted by Tyler
Durden on 11/21/2012
Yesterday's home sales data, which came far
better than expected, apparently had nothing to do with Hurricane Sandy (had it
been a disappointment the narrative would have been far different). What
Hurricane Sandy did have an impact
on for the second week in a row, is today's Initial Unemployment Claims,
supposedly, which for the second week in a row printed well above 400K, and
just as expected, at 410K, "down" from last week's upward (naturally)
revised 451K (previously 439K). NSA claims declined from 478.5K to 397.7K,
while Continuing Claims were just below expectations at 3,337K on a consensus
print of 3,345K, and down from an upward revised 3,367K. Notable is that the
dropping trend in those on extended claims, which recently dropped to a multi
year low of around 2 million, had reverse, and 60.8K applied for EUCs.
Submitted by Tyler
Durden on 11/21/2012
If you
aren't thoroughly confused, confounded and outright disgusted by the newsflow
supposed to represent the US economy, you aren't paying attention. Because two
weeks after the preliminary UMich print was supposed to come at 82.2, instead
soaring to 84.9, or the biggest beat of expectations in 5 years, we get the
final UMich number, which missed expectations of a 84.5 read and plunged to
82.7, the biggest miss of expectations in 4 years. Of course, this makes sense:
two weeks ago we had the euphoria associated with a new old president, and hope
that 4 more years may fix this country. Two weeks, and the biggest market drop
in one year later, enthusiasm has been doused just a tad. And adding insult to
injury, 1 Year inflation expectations rose from 3.0% to 3.1% - just as the
spectre of declining asset prices has reared its ugly head, yet this is well
below the 2.8% expected for 5 year inflation - as a reminder, in 5 years the
Fed's balance sheet will be between $6 and 10 trillion. Boy is everyone in for
a surprise...
Government
Sets Its Sights on Private Retirement Accounts: “Giant Effort to Redistribute
the Wealth of America’s Older Citizens”
SHTFplan.com | A new effort by the Obama administration, Congress, the
Treasury Department and labor unions aims to fundamentally alter how Americans
plan and save for retirement. http://albertpeia.com/timetogetoutofdodge.htm
Submitted by Tyler
Durden on 11/21/2012
Rough start for
fiscal cliff talks ( Politico )
Europe Fails to
Seal Greek Debt-Cut Deal in IMF Clash ( Bloomberg )
Japan’s Exports
Reach Three-Year Low as Recession Looms ( BBG )
Beggars can be
angry: Greek leaders round on aid delay ( FT )
More financial
blogs launching soon: Financial Times Deutschland closing ( Spiegel )
China's
backroom powerbrokers block reform candidates ( Reuters )
BOE Voted 8-1
to Halt Bond Purchases as QE Impact Questioned ( Bloomberg ). In the US
the vote is 1-11
UK heads for EU
budget showdown ( FT )
Eurodollars -
another epic scam: How gaming Libor became business as usual ( Reuters )
Clinton
Shuttles in Mideast in Bid for Gaza Cease-Fire ( Bloomberg )
Fed Still
Trying to Push Down Rates ( Hilsenrath )
11-20-12 Dave’s Daily: http://www.etfdigest.com ‘BERNANKE REMAINS ALL-IN FOR WHATEVER IT
TAKES 11-20-12 Fed Chairman Bernanke spoke at the NY Economic Club Tuesday citing the
need for the congress to deal quickly with the “fiscal cliff” issues. He also
mentioned that unemployment is much too high by a factor of 2-2/5%. One can
infer from the employment comment which correspond to other Fed governors that
QE will continue until the rate is below 6%. As to the fiscal cliff and the
mess we’ve created for ourselves one observer sums things up as noted below:
“In my view, we are likely to experience some difficult disruptions in the
global economy in the transition from an unsustainable economic environment to
a sustainable one. Underneath the veneer of a relatively stable U.S. economy is
the fact that government deficits presently support about 10% of that activity.
The Fed has pushed the monetary base to the largest fraction of GDP in history,
and financial assets have been driven to some of the lowest prospective returns
ever observed.These policies have bought time, but we have done nothing with
it, because somehow everyone has become convinced that the house of paper is
real even though we all watched it being built.Getting past the “fiscal cliff”
is the comparatively easy part. There exists a deep-seated complacency of investors that
everything will turn out just fine once the minor sideshow of the “fiscal
cliff” is resolved.So whatever might happen automatically would be meaningless
shortly thereafter anyway. There will likely be a combination of modest
spending cuts, modest high-income tax increases, and limits on deductions for
second homes. There will be a brief episode of joy and celebration by investors
that they have been released from their chains, and shortly thereafter the data
will remind us that the global economy is in recession, and that the U.S.
economy entered a recession during the third quarter – well before Sandy was
even on the weather map.”
John Hussman
Hussman Funds
(Read the entire post HERE )
Hussman’s essay leads nicely to
current eurozone fun and games. Finance ministers there are busy trying to
“fix” a Greece’s $19.2 billion budget shortfall. Their pathetic and amusing
options as noted by Bloomberg include:
1. Recycling ECB profits from previous buys of Greek bonds, 2. Charging Greece
lower interest rates on repayment, 3. Extending repayment deadlines. All of
this is laughable and hard to make up but there you have it. Ministers and
politicians keen to keep the charade going will do the weirdest things then
pronounce the entire folly fixed until it isn’t. In the U.S. Housing Starts
rose (894K vs 840K expected & prior revised lower to 872K). Most of this
increase was in the Midwest and especially so in the West (dare I suggest Las
Vegas, Phoenix and Stockton?). Housing Permits declined (866K vs 865K expected
& prior revised lower to 890K). http://albertpeia.com/daveschart112012.gif Meanwhile Hewlett Packard (HPQ) disclosed serious accounting
“improprieties” at Autonomy Corp
resulting in a charge of $8.8 billion and the stock cratered almost 12%.
Autonomy Corp was a recent acquisition by HPQ and apparently misrepresented its
financial condition meaning the company didn’t do an adequate due diligence
job. Along the same lines
was the revelation of the largest hedge fund insider trading scandal ever. This just feeds the lack of trust many investors feel is
present in markets. It’s said that SAC Capital Advisors controls 10% of trading
on the NYSE.In the unsettled Middle East a cease fire is supposed to occur at 5
PM EST. Israel has inflicted heavy damage on Hamas in Gaza and many believe
they’re not really interested in an invasion since they’re more effective from
afar it seems. This cease fire idea drove the price of crude oil (USO) down
sharply on the day. (Late breaking: the Israelis have yet to sign off on the
deal whatever it is.) The potential cease fire also caused gold (GLD) to drop
in price as risks of war were reduced.Stocks spent the day moving back and
forth between unchanged to slightly lower as investors look for direction
following Monday’s outsized gains. Given the housing data it wasn’t surprising
to see homebuilders (ITB) and (XHB) have better performance. Bonds (TLT) and
(TIP) for example saw prices drop and yields rise. Commodities (DBC) gave back
Monday’s gains as heavy weightings from energy drove prices lower. Volume was quite light but bulls managed
to stage a late day “stick save” to keep things respectable. Breadth per the
WSJ was mixed overall…’
Grant, usagold.com: ‘…Fed chairman Ben
Bernanke said in a speech today that the US will continue to face many
headwinds to growth, but the fiscal cliff is the most immediate danger. He
warned that the Fed doesn't have the tools to fully offset a drop over the
fiscal cliff, which would likely push the US back into recession. He
acknowledged that "the federal budget is on an unsustainable path,"
yet urged Congress to raise the debt ceiling in order to "avoid any
possibility of a catastrophic default on the nation's Treasury securities and
other obligations."…’ { Wow! Talk about being behind the curve! Hussman: ‘ the U.S. economy entered a recession during the third
quarter – well before Sandy was even on the weather map.’ And, when you take into account actual, real
inflation, Financial Crisis Phase II Is
Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown , predicting the global crisis that occurred the following year. I now
see a similar confluence of events .. “the new recession has started.”… Over
the past 33 years, we have called the start of every recession..Currently, the
GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore,
what is counted as “growth,” is actually price increases. Actual inflation..is
now more than 11%. Using that to adjust GDP for inflation, would show that the
economy is now in a very sharp contraction…’ . Pervasively corrupt, defacto
bankrupt america is such a b***s*** nation! }
http://albertpeia.com/55reasonstobuyamericanproducts.htm
http://albertpeia.com/usfreebirdimmigrantsong.htm
Grantham:
Biggest Housing Bubble Since 807 A.D. Has Burst Posted by: George Washington Post date: 11/20/2012 Maybe the Biggest of All Time ...
Submitted by Tyler
Durden on 11/20/2012
Something odd popped up while going
through the weekly H.6 update...
Submitted by Tyler
Durden on 11/20/2012
Last week when discussing the next steps
for the company, and specifically the hope that mediation may resolve the epic
animosity between management and workers, we stated that " What makes a mediation improbable is that the antagonism
between the feuding sides has certainly hit a level of no return : "Several
unions also objected to the company's plans, saying they made "a
mockery" of laws protecting collective bargaining agreements in
bankruptcy. The Teamsters, which represents 7,900 Hostess workers, said the
company's plan would improperly cut the ability of remaining workers to use
sick days and vacation." Sure enough, moments ago we learned that
mediation has now failed and the liquidation may proceed.
Submitted by Tyler
Durden on 11/20/2012
With a little luck, U.S. GDP growth
(even after an increasing squeeze from rising resource costs and environmental
damage) should remain modestly positive, even out to 2030 and 2050, in the
range of 1% at the high down to a few basis points at worst. Increasingly, the
growth will be qualitative. Qualitatively, growth is likely to be limited to
services as manufactured goods will bear the brunt of the rising input costs.
It would certainly help a lot if considerable changes were made in how GDP is
measured. It needs to be closer to what we all apparently think it is already:
a reasonable measure of the utility of useful goods and services. The key issue will be how much unnecessary pain we
inflict on ourselves by defending the status quo, mainly by denying the unpleasant parts of the puzzle and moving
very slowly to address real problems. This, unfortunately, is our
current mode. We need to move aggressively with capital – while we still have
it – and brain power to completely re-tool energy, farming, and resource
efficiency. We need to do all of this to buy time for our global population to
gracefully decline. It can certainly be done.
Submitted by Tyler
Durden on 11/20/2012
For the third time in a row, a speaker
from the Fed has opened their mouth and the market has fallen in. This time,
unlike Yellen's silliness, Bernanke admitted a few ugly truths by removing
hopes for an IOER cut and bluntly explaining that the Fed 'will not go back to
work' to help Schumer and his fiscal cliff buddies:
*BERNANKE SAYS FED ABILITY TO OFFSET HEADWINDS `NOT
INFINITE'
*BERNANKE SAYS FED DOESN'T HAVE TOOLS TO PREVENT GOING
OFF CLIFF
*BERNANKE SAYS
HIS FISCAL ADVICE IS `DO NO HARM'
*BERNANKE: WRONG TO THINK INTEREST ON EXCESS RESERVES
MAJOR TOOL
S&P futures fell around 8 points as
he uttered these words but was rescued by some anxious BIS scrambling in
EURUSD, before falling back to reality (along with AAPL).
Submitted by Tyler
Durden on 11/20/2012
Who owes what to whom?
Submitted by Tyler
Durden on 11/20/2012
Over two years ago, on November 5, 2010,
weeks before news broke out that the SEC
had caught hedge funds in a massive insider trading scheme involving expert
networks, and before the phrase expert network was even mentioned in places
away from hedge funds, we wrote an article, titled " Is
The SEC's Insider Trading Case Implicating FrontPoint A Sting Operation Aimed
At S.A.C. Capital ?" that predicted everything that has transpired with SAC since
then: we said expert networks would be exposed as the root of virtually all
"information arbitrage" alpha by Steve Cohen, more importantly, we
exposed various biotech stock trading patterns, where the informational
benefits from easily bribable doctors would result in immediate
profits courtesy of advance knowledge of Phase 2, 3 and NDA results. Today, we
discover not just how deep the SAC insider trading schemes went, but that the
profit from such information abuse amounted to hundreds of millions in
standalone cases. Adding these together and one can see why Steve Cohen - whose
knowledge of these epic inside trading scheme is of course never implied by us:
after all, that's what the DOJ, the SEC and the various DA offices are for -
was generating 20% returns year after year and able to pocket 3% and 50%.
Submitted by Tyler
Durden on 11/20/2012
The week's most anticipated speech
(given Obama's absence from DC) is here. Bernanke's Economic Club of New York
extravaganza - where he has previously hinted at new or further policy - is upon us.
Sure enough, it's a smorgasbord of we'll do whatever-it-takes (but won't
bailout Congress) easing-to-infinity, housing's recovering but we want moar,
simply re-iterating his comments from last week...
*BERNANKE SAYS FISCAL CLIFF WOULD POSE `SUBSTANTIAL
THREAT'
*BERNANKE SAYS
CONGRESS, WHITE HOUSE NEED TO AVERT FISCAL CLIFF
*BERNANKE SAYS
FED TO ENSURE RECOVERY IS SECURE BEFORE RATE RISE
*BERNANKE SAYS
HOUSING RECOVERY `LIKELY TO REMAIN MODERATE'
*BERNANKE SAYS CRISIS REDUCED ECONOMY'S POTENTIAL GROWTH
RATE
However, as we have noted previously,
once you've gone QE-Eternity, you never go back... and we would this is the 3rd time in a row that someone from the Fed has spoken
and stocks have sold off .
Submitted by Tyler
Durden on 11/20/2012
You don’t have to be an economic genius
to understand that the perpetual uncertainty over the Eurozone’s future has led
to a widespread freeze on industrial investment and development. Industrial production is collapsing at an accelerating
rate , falling 7% year-on-year in Spain and Greece, 4.8% in Italy, and 2.1% in
France. Since the answer to the question of Who will ultimately pick up the
tab? when a Eurozone member defaults or leaves is not at all clear, every
player there is eyeing the others suspiciously. In fact, the "stability" of Europe right now
hinges completely on no one making a move . What odds do
you give that Mexican standoff of lasting? Time is working against all
countries in the Eurozone because the good are being dragged down by the bad.
Submitted by Tyler
Durden on 11/20/2012
More QE could
distort rather than deliver ( FT )
Soros Buying
Gold as Record Prices Seen on Stimulus ( BBG )
EU Leaders Face
Greek Aid Gap in Brinkmanship With IMF ( BBG )
Weak data point
to bigger economic drag from Sandy ( Reuters )
Shirakawa
Pushes Back With Criticism of Abe Unlimited Easing ( BBG ) But... but...
Bernanke??
French
Downgrade Widens Gulf With Germany as Talks Loom ( BBG )
Japanese Poll
Shows LDP Advantage Ahead of Election ( WSJ )
BOJ in the
Balance as Next Government Picks Top Posts ( BBG )
Exchanges Get
Closer Inspection ( WSJ )
Greece edges
closer to €44bn bailout ( FT )
Japan
Government to Spend 1 Trillion Yen on Next Stimulus ( BBG )
China’s Richest
Woman Divorces Husband, Fortune Declines ( BBG )
11-19-12
Dave’s Daily: http://www.etfdigest.com ‘SHORT SQUEEZE MONDAY 11-19-12
There are three issues that are front
and center: the fiscal cliff, Greece, and the Middle East.Bulls are reading too
much into the political “happy talk” from Friday. Republican and democratic
leaders’ positions are deeply dug in. Listening to House member talking points
away from the Rose Garden and you’ll note that there will be no compromise
without tax increases on the wealthy (Pelosi et al) or spending cuts (Boehner).
So despite Friday’s gathering reflecting goodwill and the best of intentions,
nothing has changed. Indeed there is still a wide divide as noted via the AP here . A Greece debt negotiation after many months and moving deadlines still
has no resolution. Like the fiscal cliff in the U.S. they all would like things
moved further into the future. As some point the music must stop. The troika
hasn’t found any solution to grant the country funds to meet its obligations
this week . The latest news from Greece
included a Greek official stating the government won’t accept an IMF request of
a 20,000 reduction in state workers. In the Middle East the fighting continues
and each side is looking for an honorable cease fire .There was some optimistic economic data in the U.S. as Existing Home
Sales increased (4.79M vs 4.70M expected & prior 4.75M) and the Housing Market
Index rose (46 vs 42 expected and prior 41). This is impressive but a glance at
the chart below reveals the Home Market Index is only back to levels seen in
2001. { AP-these are predominantly distressed/foreclosure sales previously
deferred. }
http://albertpeia.com/daveschart111912.gif
In other news
the WSJ reported in a headline story Investment Falls Off a Cliff it was noted how much U.S. companies are cutting spending at the
fastest pace since the recession. Of course this is an extremely negative story
that bulls have shrugged-off believing instead the rosy Rose Garden scenario.
Stocks reacted positively to the overall tone from Friday’s Rose Garden “happy
talk” rallying sharply on light volume. Those sectors up most (technology) were
those that were weakest previously as a significant short-squeeze was put in
play. Bulls must believe it’s better to pay more taxes than fret about spending
cuts.The dollar (UUP) was sharply lower while gold (GLD) rallied as Bucky
dropped. Commodity (DBC) prices rallied across the board as the dollar fell.
Oil (USO) was sharply higher also on the weaker dollar not to mention Middle
East tension. Bonds (TLT) fell as it was “risk on” once again for markets. As
indicated volume was unimpressive given the scope of the rally but this is in
keeping with many previous market melt-ups. Breadth per the WSJ was quite positive
and may have approached a 90/10 in some sectors. One thing you can take to the
bank is markets are no longer oversold…’
U.S. stocks surge on hope for a debt deal Marketwatch { Hopium back in a big way and
bigger than ever! Come on! They’re ‘all in this together’! Of course they’ll do
some kind of ‘kick the can’ deal. The reality is that the debt problem is an
insurmountable problem, in large part of their making, electioneering,
politicking as usual. As for those who’ve belittled Romney for stating a fact,
the reality is that both parties are guilty of same (whether in the form of a
tax cut/break, government contract, failure to prosecute fraud/crime, etc.) and
I’m frankly surprised that Romney didn’t point to the threats of violence by
the niggers, and the rampant voter fraud extant in this banana republic. As for
slimy newt calling Romney nuts for his stating reality, keep in mind that the
b***s*** newty has been on the receiving end of such largesse for quite some
time, unable to do anything of value and hence confined to his schmooze and
b***s*** paradigm which is pervasive in america, along with fraud among other crimes.
This ‘rally’ is an especially great opportunity to sell/take profits since
there’s much worse to come! }
http://theeconomiccollapseblog.com
http://albertpeia.com/tweekingtwinkies.htm
Moody's strips France of its triple-A rating Marketwatch
November 18, 2012
http://gainspainscapital.com
http://albertpeia.com//notbondsgold.htm
Submitted by Tyler
Durden on 11/18/2012
Two months ago we posted an excellent introduction from Dan Ariely on the truth
about dishonesty . The focus on our ease of rationalizing dishonest acts
struck quite a chord and as a follow-up the behavioral economist discussed
several real-life examples with Capital Account's Lauren Lyster. Critically,
firms are shifting their focus from
long-term growth to maximizing 'shareholder-value' (since any
short-term mis-step in a liquidity-fueled boom such as this is punished to the
point of 'going-concern') and the increasingly
short-term focused attitude not only hurts employees and taxpayers but serves
to provoke a culture of dishonesty or fraud . Ariely also
notes, rather interestingly, that new disclosure requirements for
'academic-based' reports merely creates a more exaggerated result - since
report-preparers now know the result will be discounted further. Again, one
could argue, that Bernanke's ZIRP world (and an under-the-surface reality known
to all that we are on a precipice) creates an ever-decreasing time-horizon for
every 'invisible-hand'-driven act we undertake: we have shifted from "Get Rich Quick" to
"Get Rich Quicker...By Any Means."
Submitted by Tyler
Durden on 11/18/2012
Earlier today, the Financial Stability
Board (FSB), one of the few transnational financial "supervisors"
which is about as relevant in the grand scheme of things as the BIS, whose
Basel III capitalization requirements will never be adopted for the simple
reason that banks can not afford, now or ever, to delever and dispose of assets
to the degree required for them to regain "stability" (nearly $4
trillion in Europe alone as
we explained months ago ), issued a report
on Shadow Banking . The report is about 3 years late (Zero Hedge has been
following this topic since 2010), and is largely meaningless, coming to the
same conclusion as all other historical regulatory observations into shadow
banking have done in the recent past, namely that it is too big, too unwieldy, and too risky, but that little if
anything can be done about it. Specifically, the FSB finds that the
size of the US shadow banking system is estimated to amount to $23 trillion
(higher than our internal estimate of about $15
trillion due to the inclusion of various equity-linked products such as ETFs, which
hardly fit the narrow definition of a "bank" with its three
compulsory transformation vectors), is the largest in the world, followed by
the Euro area with a $22 trillion shadow bank system (or 111% of total Euro GDP
in 2011, down from 128% at its peak in 2007), and the UK in third, with $9
trillion. Combined total shadow
banking, not to be confused with derivatives, which at least from a theoretical
level can be said to offset each other (good luck with that when there is even
one counterparty failure), is now $67 trillion, $6 trillion higher than
previously thought, and virtually the same as global GDP of $70 trillion at the
end of 2011.
Submitted by Tyler
Durden on 11/18/2012
In
Part I, we looked at the period prior to and during the time of what we now
call the Classical Gold Standard. It should be underscored that it worked pretty darned well. Under
this standard, the United States produced more wealth at a faster pace than any
other country before, or since. In Part II we focus on the Post-1913 (Fed to
Nixon) era and the fact that - for
many reasons, politicians felt that a quasi-government agency could make better
credit decisions than the market. This regime was unstable, as
economists such as Jacques Rueff and Robert Triffin realized. Since then, it
has become obvious that without the anchor of gold, the monetary system is
un-tethered, unbounded, and unhinged . Capital is being destroyed at an
exponentially accelerating rate, and this can be seen by exponentially rising
debt that can never be repaid, a falling interest rate, and numerous other
phenomena.
Submitted by Tyler
Durden on 11/18/2012
The dollar rises for the same reason gold and grain rise: scarcity and
demand. Which is easier to export: manufactured goods that
require shipping ore and oil halfway around the world, smelting the ore into
steel and turning the oil into plastics, laboriously fabricating real products
and then shipping the finished manufactured goods to the U.S. where fierce
pricing competition strips away much of the premium/profit? Or electronically
printing money and exchanging it for real products, steel, oil, etc.? I think we can safely
say that creating money out of thin air and "exporting" that is much
easier than actually mining, extracting or manufacturing real goods . This
astonishing exchange of conjured money for real goods is the heart of the
"exorbitant privilege" that accrues to the issuer of the global
reserve currency (U.S. dollar). To
understand the reserve currency, we must understand Triffin's Paradox .
Submitted by Tyler
Durden on 11/18/2012
Together, the market and democracy are
what we like to call "the system." The system has driven and enticed
bankers and politicians to get the world into trouble. One of the side effects
of the crisis is that all ideological shells
have been incinerated . Truths about the rationality of markets and the
symbiosis of market and democracy have gone up in flames. Is it possible
that we are not experiencing a crisis, but rather a transformation of our
economic system that feels like an unending crisis, and that waiting for it to
end is hopeless? Is
it possible that we are waiting for the world to conform to our worldview once
again, but that it would be smarter to adjust our worldview to conform to the
world? At first glance the world is stuck in a debt crisis; but,
in fact, it is in the midst of a massive
transformation process, a deep-seated change to our critical and debt-ridden
system , which is suited to making us poor and destroying our
prosperity, social security and democracy, and in the midst of an upheaval
taking place behind the backs of those in charge. A great bet is underway , a poker game
with stakes in the trillions, between those who are buying time with central
bank money and believe that they can continue as before, and the others, who
are afraid of the biggest credit bubble in history and are searching for ways
out of capitalism based on borrowed money.
Submitted by Tyler
Durden on 11/19/2012
Best day in 5 months for stocks. AAPL
jumping to one-week highs with its 2nd biggest low to high swing in 3 years.
Wherever you look, the worst came first and so the talking heads re-appeared
saying the worst is over and all is rainbows, unicorns, and mountains are once
again molehills. Unfortunately, while ETFs were smashed higher ( HYG biggest
move in a year on 2nd largest volume ever , VXX crushed),
risk assets broadly speaking were not
playing along with Treasuries especially drifting lower in yield from the
European close (and EURUSD) as stocks surged to the highs of the day.
Commodities soared with Oil leading the way - though post-Europe everything
flattened and leaked lower. VIX collapsed 1.2vols to end just above 15%
(notably ahead of stocks relatively speaking) but equity volume on the day was dismally low as S&P 500
futures broke back above the 200DMA amid larger than average trade size .
Submitted by Tyler
Durden on 11/19/2012
Today's AAPL move, on no news, is as of
this moment a $35+ move in one trading session, or a $30+ billion market cap
move in one trading session, and a nearly $60 move from the Friday lows. As the
histogram below shows, in absolute terms, this is the second largest intraday move up in the stock in the past
two years, and a 4 sigma move for a stock which has moved 7% on a
1.7% standard deviation, for no other reason than the "stock is
oversold" or whatever other narrative those who put narratives to stock
moves have ascribed to it today. And with HFT's determining valuation based on
momentum, RSI, Bollinger bands, and other meaningless New Normal technicals, we
have just gone from massively oversold, to massively-er overbought.
Submitted by Tyler
Durden on 11/19/2012
After hours shots fired, with Moody's
hitting the long overdue one notch gong on France:
MOODY'S DOWNGRADES FRANCE'S GOVT BOND RATING TO Aa1 FROM
Aaa
FRANCE MAINTAINS NEGATIVE OUTLOOK BY MOODY'S
Euro tumbling. In other news, UK:
AAA/Aaa; France: AA+/Aa1... Let the flame wars begin
11-16-12
Dave’s Daily: http://www.etfdigest.com ‘THE PREDICTABILITY OF DC BS 11-16-12
In a WSJ story , the current
WH fiscal cliff trial balloon is to replace the “sequester” by kicking the can
into 2013 which is something that’s been anticipated. Doing so would buy time but
also create another date to fret about in the future which resolves nothing.
The absence of leadership is quite stunning as the U.S. adopts the eurozone
delay model. So after the meeting and banality this statement was issued by
Mitch McConnell: “We’re prepared to put revenue on the table, provided we
fix the real problems" I think that stops the “happy talk” dead in its
tracks unless McConnell might be willing to redefine everything.
Further Nancy Pelosi stated bluntly: “I was focusing on how we send a message
of confidence to consumers,to the markets in the short run, too.” As DC goes
watch what they do and ignore the BS. One fiscal
cliff aspect little discussed is its impact on the states should negotiations
fail. The Pew Center on the States has issued a report with impact percentages for each state. You can
find your state with the download.It looks like the FHA (Federal Housing Administration) is preparing politicians and taxpayers for a bailout as mortgage
losses shrink reserves. Also on Friday the government fined JP Morgan
(JPM) and Credit Suisse (CSGN) $416M to settle mortgage related fraud charges.
These are mere wrist slaps but the U.S. attorney asserts more charges and fines
are pending. (Deep thought: I wonder if the U.S. attorney can sue the SEC for
breach of oversight duties. Well of course not silly!)Tensions on Israeli
border continue as Egypt’s Mursi visits Gaza amid warnings to Israel where troops are mobilizing . As this is written intense fighting is taking place between Israelis and
Hamas…And in other news, Asian stocks were mostly lower. China’s CSI 300 fell
to its lowest level since 2009. The eurozone is quiet for the moment but real
troubles remain on the horizon. Whatever the troika decides for Greece and
Spain must be approved by Germany and Finance Minister Schauble who still talks
a tough game. In the UK there are well-founded fears of a triple dip back into
recession. Meanwhile in France, Finance
Minister Pierre Moscovici said he sees no French financial crisis and takes the greatest
umbrage (sacrebleu!) such an event could exist. Meanwhile in the U.S.
Industrial Production was weak (-.4% vs .2% expected & prior revised to
.2%). One frankly absurd note was the government attempted to assert this
decline was due to Sandy. Yet Sandy hit on the 29 th of October meaning this assertion
was based on just two days. This is why people don’t trust government
reports.Much in the news was Hostess Brands, a private company producing among
other treats Twinkies, decided to liquidate the company instead of dealing with
a strike. This meant layoffs for over 18,000 workers.As mentioned equity
markets globally were much oversold entering an options expiration day. There
were good odds of fireworks and a reversal higher. Any spark could and did
unleash the animal spirits . Odd things can happen on options expiration and perhaps we saw one
with a short-term gold bear raid. But stocks ended the day on a late run higher
as da boyz in the options pits were hunting down strike prices. Leading the way
higher were beaten down utility sectors (XLU), small caps (IWM) and homebuilders
(ITB). The dollar (UUP) ended slightly higher once again while gold (GLD) was
weaker. Bonds (IEF) and (TLT) for example were mixed. Commodities (DBC) spiked
aided primarily by crude oil (USO) as the violence in Gaza/Israel
expanded.Volume was much higher which, given market conditions and options
expiration, shouldn’t surprise. Breadth per the WSJ was positive reducing
current short-term oversold conditions…’
Sica: No time to be bargain hunting Marketwatch
November 16, 2012 http://gainspainscapital.com
http://albertpeia.com/summersresearch.htm
‘… Because of this, the
entire Western financial system has sovereign bonds (US Treasuries, German
Bunds, Japanese sovereign bonds, etc) as the senior most asset pledged as collateral for hundreds of
trillions of Dollars worth of trades.The “hundreds” of trillions of Dollars of
trades stems from a 2004 SEC ruling in which the SEC ruled that broker-dealers
with capital bases above $5 billion (think Goldman, JP Morgan, etc) could
increase their leverage above previously required levels while also abandoning market
to market valuation methods (a methodology through which a security was priced
at the value that a market participant would pay for it).So, after the 2004
ruling, large broker dealers were permitted to increase their leverage levels
dramatically. And because they could value their trades at whatever price their
in-house models chose (what are the odds that these models were conservative?),
the broker-dealers and large Wall Street banks are now sitting on over $700
trillion worth of derivatives trades. Now,
every large bank/ broker dealer knows that the other banks/dealers are overstating the value
of their securities. As a result, these derivatives trades, like all financial
instruments, require collateral to be pledged to insure that if the
trades blow up, the other party has access to some asset to compensate it for
the loss. As a result, the ultimate backstop for the $700+ trillion
derivatives market today is sovereign
bonds. When you realize this, the entire picture for the Central
Banks’ actions over the last five years becomes clear: every move has been
about accomplishing one of two things:
#1)
Giving the over-leveraged banks access to cash for immediate funding needs (QE
1, QE 2, LTRO 1, LTRO 2, etc)
#2)
Giving the banks a chance to swap out low grade collateral (Mortgage Backed
Securities and other crap debts) for cash that they could use to purchase
higher grade collateral (QE 1’s MBS component, Operation Twist 2 which lets
bank their long-term Treasuries and buy short-term Treasuries, QE 3, etc).
… So, when the ECB
swapped out its Greek bonds for new bonds that would not take a haircut
during the second bailout, the ECB was making sure that the Greek bonds on its
balance sheet remained untouchable and as a result could still stand as high
grade collateral for the banks that had lent them to the ECB.So the ECB
effectively allowed those banks that had dumped Greek sovereign bonds onto its
balance sheet to avoid taking a loss… and not having to put up new collateral
on their trade portfolios.Which brings us to the other issue surrounding the
second Greek bailout: the fact that 80% of the money went to EU banks that were
Greek bondholders instead of the Greek economy.Here again, the issue was about
giving money to the banks that were using Greek bonds as collateral, to insure
that they had enough capital on hand. Piecing this together, it’s clear that
the Greek situation actually had nothing to do with helping Greece. Forget
about Greece’s debt issues, or protests, or even the political decisions… the real story was that the bailouts were all about insuring that
the EU banks that were using Greek bonds as collateral were kept whole by any
means possible. Now, Greece was always the small player in this mess.
It’s entire sovereign bond market is a mere €300 billion. Spain and Italy, by comparison, have €1.78 trillion and
€1.87 trillion in external debt respectively. I do not have an
exact figure for how much of the derivatives market uses Spanish and Italian
sovereign bonds as collateral, but I can create an estimate using the US bank
data I have available. In the US, we know that the top four banks have over
$222 trillion in derivatives exposure with just $7 trillion in total assets. So
the leverage here is roughly 31 to 1.Using this as a ballpark estimate for
derivatives leverage, it is very possible that Spain and Italy’s sovereign
bonds are pledged as collateral for well
over $100 trillion worth of derivatives trades ($1.78 trillion X 31 + $1.87
trillion X 31). This is why Spain is dragging its feet about asking for a
bailout: the mess of trying to sort out the collateral issues for €1.78 trillion in collateral that is backstopping what
is likely tens of TRILLIONS of Euros’ worth of trades is capable of causing
systemic failure. This is why I’ve been warning that 2008 was just the
warm-up. What is coming will be far far worse…’
'Den of Thieves' author: Hedge funds key to new insider-trading
era Marketwatch
Submitted by Tyler
Durden on 11/16/2012
The recent
market sell-off has not been about the re-election of President Obama but
rather the repositioning of assets by professional investors in anticipation of
three key events coming between now and the end of this year - the "fiscal
cliff" , the debt ceiling and the expiration of the Transaction
Account Guarantee (TAG ). Each
of these events have different impacts on the economy and the financial markets
- but the one thing that they have in common is that they will all be battle
grounds between a divided House and Senate . While
there has been a plethora of articles, and media coverage, about the upcoming
standoff between the two parties - little has been written to cover the details
of exactly what will be impacted and why it is so important to the financial
markets and economy. We remain hopeful that our elected leaders will allow
cooler heads to prevail and that they will begin to work towards solutions that
alleviate some of the risks of economic contraction while setting forth logical
plans for fiscal reform. However, while we are hopeful of such progress, "hope" is not an
investment strategy to manage portfolios by. If we are right things are likely to get worse before a resolution is
reached - but maybe that is why the "investment
professionals" have
already been heading for the exits.
Submitted by Tyler
Durden on 11/16/2012
There are
only a few people who get it: the era of cheap food is over. The fundamentals
(as we
noted earlier ) of population growth, available land contraction,
bone-headed government policy, and the most destructive monetary policy;
overwhelmingly point to a simple trend: food prices will continue rising. And
that’s the best case. The worst case is severe shortages.
Submitted by Tyler
Durden on 11/16/2012
Equities
closed the day-session near the highs of the day as OPEX shenanigans were
evident everywhere. Early and ugly macro data was swept under the proverbial
carpet (as it is transitory Sandy effects?), the ubiquitous European-close
trend reversal started us higher, and then platitudes from D.C., and a late-day
Fed-Head jawbone did the rest on a day when AAPL saw its largest volume in 8
months and pinned between 520 and 530 VWAPs. Risk assets did not follow the path of most exuberance
that stocks did on the day (surprise). Credit tracked with stocks
today in general but remains an underperformer on the week. Oil was the week's
big beta winner with the USD (despite underlying dispersion in EUR and JPY) and
Treasuries rather dull. Gold
sagged but by the close today the S&P 500 had recoupled with the barbarous
relic on a beta basis . VIX compressed (exciting some that are incapable
of comprehending a term structure) as put overlays were unwound into OPEX
(and given the VWAP/volume moves it would seem AAPL saw hedges taken down and
exposure reduced ). Red
week as stocks continue to catch down to bond's new normal.
Submitted by Tyler
Durden on 11/16/2012
Judging by the media rancor, the fact
that the FHA
has run out of capital is a stunning shock since besides, housing is in
recovery right? Well, there is one simple reason why the FHA is FUBAR and is
only going to get worse (cue Geithner
Bailout ). As the only player left, the FHA has simply been the sole source of mortgage provision to the worst of
the worst . The following chart from Chicago
Booth's Amir Sufi shows the diabolic-distribution of poor-performing zip
codes that the FHA has lent into - even during the crisis.
Submitted by Tyler
Durden on 11/16/2012
In the past it has been the bond market
whose vigilantes had rampaged across the fields to keep policymakers honest -
but something has changed with the Fed's boot on the bond market. As BofAML
notes, when the Fed was too soft on inflation or the fiscal deficit was out of
control, interest rates spiked higher. In our view, this has changed and today the stock market is the disciplining force for
Washington . We have argued this perspective for a while - that
nothing will be done until we get a stock market crash - but the press will
continue to make molehills out of mountains it seems as BofAML adds, the most
obvious lesson of the last week is that when Washington approaches a policy
impasse, the financial press tends to
signal a resolution of the crisis many times before it happens . Don’t believe
it. After elections there is always conciliatory talk: no one wants to be
seen as a sore loser or a gloating winner. The risk remains huge and the four hurdles to a grand bargain seem to be
getting larger - no matter what the press wants us to think - investors should look past reassuring rhetoric and focus
on the underlying reality.
Submitted by Tyler
Durden on 11/16/2012
The invisible hand at work once again as
fat-fingered demand dominates union-stifled supply... $8,000 for a single
Twinkie... and other offers... It seems, once again, that there are more than a
few greater fools who still have no idea just how
the bankruptcy process works ... will Twinkies be rebranded
Bimbettes?
Submitted by Tyler
Durden on 11/16/2012
Once again the market falls for the
politicians' snake oil (as we explained before ). Unconvinced?
This is what none other than " Fiscal Cliff compromise is imminent " photo op
participant Nancy Pelosi said moments later
to the WSJ :
Ms. Pelosi said. "I was focusing on how we send a
message of confidence to consumers, to the markets in the short run, too ."
And there you have it from the horse's
mouth: absolutely nothing of actual substance in today's presser which was
completely hollow of anything remotely resembling an actual compromise, but
merely the same type of Euro-propaganda we have grown to loath and
despise for the past 3 years, where a flashing red headline was supposed to
generate a short squeeze. It succeeded. There is one open question: did Nancy Pelosi's multi-millionaire investor husband Paul Pelosi
Submitted by Tyler
Durden on 11/16/2012
As if we needed more proof that the
course implemented by the eurocracy
becomes increasingly untenable politically , millions
decided to strike in several European countries this week. The demonstrations
have, as they are wont to do these days, turned violent in a number places. The
protests were most intense in Spain , where
unemployment is at over 25% and desperation over the collapse of the bubble
economy is growing by the day. This
is what happens when after decades of socialism, the money to pay for the
freebies finally runs out. What the protesters don't seem to get:
the status quo ante cannot be recreated by decree. There is no magic wand
for anyone to wave. The protesters have every right to be enraged, but they are
raging against something that cannot be
changed at the flick of a switch – the wealth is gone.
Submitted by Tyler
Durden on 11/16/2012
Because
not one Wall Street
analyst could have possibly factored in the impact of Sandy into their
expectations of the month's Industrial Production, which in October declined by
-0.4% to 96.6 from 97. 0 in the Fed's index, well below consensus expectations
of a 0.2% rise, and down from last month's 0.4% increase, it is only logical to
blame it all on Sandy. Sure enough,
this is what the Fed just did: "Hurricane Sandy, which held down
production in the Northeast region at the end of October, is estimated to have
reduced the rate of change in total output by nearly 1 percentage point."
So let's get this straight: Sandy
- which hit on October 29, or with about 94% of the month of October done and
impacted New York and New Jersey, not the entire US, is responsible for
250% of the entire October 0.4% drop? Can we please
get back to the "It's all Bush's fault" excuses already. At least
those were idiotic and funny. Blaming everything on Sandy is just the former.
And yes, capacity utilization for
the entire USA which came at 77.8%, the lowest since November 2011, and
well below expectations of 78.3%, was obviously crushed by a tropical storm
that impacted New York and New Jersey for 3 days in the month. Brilliant.
Submitted by Tyler
Durden on 11/16/2012
With precisely 13 working sessions left
for Congress in 2012, it is time to ratchet up the can kicking rhetoric a bit.
Sure enough, here comes the White House, via the Wall Street Journal, doing
just that.
WHITE HOUSE IN
ADVANCED INTERNAL DISCUSSIONS ON PLAN TO REPLACE SEQUESTER - SOURCES - DJ
CONCEPT WOULD
KICK MAJOR DEFICIT-REDUCTION TALKS INTO 2013 - DJ
CONCEPT WOULD
BE PART OF BROADER NEGOTIATIONS ON TACKLING 'FISCAL CLIFF' - DJ
Because when unable to reach a
compromise over anything, what is the best option? Just stick head in sand, and
demand that the Mr. Chairman gets to work. As for the news above, this is
largely irrelevant for the actual fiscal cliff negotiations and the futures
buying algos are once again in for a rude awakening.
Submitted by Tyler
Durden on 11/16/2012
Israel
Mobilizes Troops as Hostilities Escalate ( WSJ )
FHA Sets Stage
for Taxpayer Subsidy With 2012 Deficit ( Bloomberg )
On eve of
fiscal cliff talks, positions harden ( Reuters )
Japan PM Noda
contradicts challenger Abe on BOJ ( Reuters )
Regulators cut
JPMorgan's ability to trade power ( Reuters )
EU Should Reach
Agreement on Greek Aid Next Week, Grilli Says ( BBG )
Moscovici
rejects talk of French crisis ( FT )
Egypt Urges
Push for Gaza Peace as Rockets Hit Israel ( BBG )
Leading Japan
politicians draw election battle lines ( Reuters )
Fed Push to Tie
Zero-Rate to Economic Goals Faces Doubts ( BBG )
China’s
commerce minister voted out in rare congress snub ( Reuters )
China’s new
leaders could have reform thrust upon them ( Reuters )
Both Sides of
Gaza Border Brace for Further Conflict ( WSJ )
Fed Sees
Hurdles in Housing Rebound ( Hilsenrath )
The Complete
2012 Business Schools Ranking ( Bloomberg )
Twinkies,
Ding Dongs Maker Hostess Liquidates Following Failure To Resolve Labor Union
Animosity
http://thetruthwins.com
http://albertpeia.com/bananarepublicusromneyvotestowobama.htm
Greenspan:
Recession ‘small price to pay’ to fix debt
money.cnn.com | Recession
would be a “small price to pay” for getting the nation’s debt problems under
control.
11-15-12
Dave’s Daily: http://www.etfdigest.com ‘ECONOMIC DATA UNHELPFUL FOR BULLS 11-15-12
According to data released today the
eurozone has entered recession, which would make two since 2009. China stocks fell
once again post the Peoples Party Congress which only succeeded in naming a new
leader Xi Jinping . Xi, a conservative, offered a bewildering array of hero’s beginning with
Mao and ending with his immediate predecessor. The PBOC cut interest rates to
curb the rise in the yuan (CYB) while the yen (FXY) (YCS) continued to
fall.U.S. Jobless Claims soared (439K vs 376K expected & prior revised
higher to 361K). Most of this was blamed on Sandy but the largest number of
jobless claims came from Pennsylvania and Ohio. The Empire State Mfg Survey
dropped (-5.2 vs -5 expected & prior -6.16); the Philly Fed Survey was a
stinker (-10.7 vs 4.5 expected a& prior 5.7); and, the CPI was basically
flat and hardly worth mentioning (or even believing in).It’s reported that the
FHA (Federal Housing Authority) is about to exhaust its reserves available due
to mortgage delinquencies so be prepared for another taxpayer bailout.
Currently the FHA has insured 739,000 loans that are 90 days or longer past due
or are in foreclosure. This could total as much as $100 billion. These are the
kind of facts bulls hollering housing recovery can’t seem to understand. And,
all of this is happening when household formation in the U.S. is nearing an
all-time low. So, I guess “Flip That House” TV show will only have government
bureaucrats and bankers as the audience.Along these same lines, and something
financial markets should be focused on like a laser, is so-called Generations X
and Y may be lost as potential investors since beyond social media and Apple
they seem interested in little else. After all two bear markets in a decade
hardly lead to investment enthusiasm does it?Behemoth Walmart (WMT)
disappointed with a revenue miss of $113.93 billion vs $114.89 billion. The
outlook also missed analyst’s expectations at earnings in a range of
$4.88-$4.93 vs $4.94 expected. This report negatively affected the retail
sector (XRT) and (XLY). The markets are short-term much oversold and rallies could happen at any
time for any, even the most specious, reasons. I posted today a
commentary “The
Great Depression Part 2, Will the Future Follow the Past”. The monthly charts from the 1930s are eerily similar to the current period but
not necessarily a prediction.The dollar (UUP) was only slightly higher while a
gold (GLD) bear raid was in full swing. Commodity markets (DBC) were weaker on
the dollar and lousy economic data. Within the sector Oil (USO) was weaker
despite Israeli and Hamas cross border bombardments. Bonds (TLT) (IEF) were
flat while the more speculative high yield sector (HYG) continues to trade down
with stocks.Volume Thursday was still high. Bulls tried some rally attempts
throughout the day Thursday but couldn’t pull-off a major reversal off. Breadth
per the WSJ was still negative and just builds on oversold conditions…’
http://theeconomiccollapseblog.com
http://albertpeia.com/terribleeconomicnumbers.htm
{
Post-election, of course! }
‘With
everything else that is going on in the world, a lot of people have failed to
notice that we are seeing some of the worst economic numbers that we have seen
in more than a year. For example, it was announced on Thursday that
initial claims for unemployment benefits have hit their highest level in a year
and a half… initial unemployment claims tend to have a very strong correlation
with the overall performance of the economy. We also continue to see
poverty statistics rise. According to government statistics released
earlier this month, the number of Americans living in poverty and the number of
Americans on food stamps are both at all-time record highs. Meanwhile,
the Dow and the S&P 500 are both down more than 5 percent since the
election and the U.S. government rolled up 22 billion dollars more debt in
October 2012 than it did in October 2011. The unfortunate truth is that
things are not getting better. The U.S. economy continues to become
weaker and more unstable, and there are a whole lot of reasons to be very
pessimistic about our economic situation as we move into the winter months…’
November 15, 2012
http://gainspainscapital.com
http://albertpeia.com/reallehmanspainworse.htm
Countless
pages have been written about why Lehman caused the system to almost implode.
However, the reality is that Lehman nearly took down the entire financial
system for two reasons:
#1)
Lehman’s $155 billion worth of bonds were used as collateral in hundreds of
billions of Dollars’ worth of trades.
#2)
Lehman’s 8,000 clients who were all using Lehman to make trades saw the
collateral that they had placed with the firm (to backstop their portfolios) frozen …’
Submitted by Tyler
Durden on 11/15/2012
In the short run (and this is what is so insidious about the Fed’s
artificially low interest rates), all we are seeing is an illusion of economic
progress. The choice for the status quo made in last week’s
presidential election was an uninformed one—at no fault of the voters—made in
the fog of monetary distortion and Federal Reserve Chairman Ben Bernanke’s
continuous campaign of disinformation. Thus, investment in this illusory economy is malinvestment, or investment
that always unravels with the intervention’s inevitable end , due to either
untenable credit levels (such as today’s corporate debt-to-asset ratio, still
at historic highs) or a resource crunch (rising commodity prices) that
eliminates any advantage from printing money; and one or both of these
scenarios is unavoidable. This is our grievous position in the United States today,
trapped in the status quo by first consequences, by what we can see, due to a
cause that we cannot even see. And so we are left to learn from
experience, an eventual tragic unfolding of our collective malinvestment. As
Bastiat said, “Experience teaches
effectually, but brutally.”
Submitted by Tyler
Durden on 11/15/2012
In the current Bernanke-Obama-Keynes
toxic triangle (defined previously
here ) economy, blink too long and you will miss the latest bailout. While 4
years ago, it was America's M.A.D.-hostage taxpaying middle class that had no
choice but to fund the trillions in direct Fed cash handouts and guarantees to
bail out the banks, in the process saving and preserving the trillions in
wealth for America's uber wealthy ( the "1%" ) class, ever since then it has been the
government's turn to rescue the country's lower and lower-middle classes ( the "47%" ), who, with no
gun to their heads, decided to splurge during the height of the housing bubble
(insurmountable mortgage payments and $0 down notwithstanding) and buy that
aspirational McMansion that would make them so much more appealing in the eyes
of the next door neighbor (who too could never afford their house in the first
place). This has happened courtesy of a progressively more pervasive mortgage
forgiveness plan, which has seen the total amount of debt funding a given
home purchase shrink little by little each day. However, since there is no free
lunch anywhere, certainly not when a bank's balance sheet is being impaired,
like in 2008, someone is once again on the hook for this latest bailout. That
someone, not surprisingly, is
again America's middle class that lived within its means, that saved money
while others splurged, and even put cash away for retirement, handing it over
to various Pension investment vehicles .
Submitted by Tyler
Durden on 11/15/2012
The FHA has been the key element to
the phony “housing recovery” the government has been trying to create . In the
wake of the collapse of 2008, Fannie Mae and Freddie Mac blew up and what was
left to pick up the pieces was the FHA. No private player would issue
loans with down payments of 3%, but this was no problem for the FHA! Well -
yes! "The Federal Housing Administration is expected to report this week
it could exhaust its reserves because of rising mortgage delinquencies" This is a big
deal. The FHA is already in trouble despite a miraculous “housing
recovery” and we haven’t even hit a severe cyclical economic slowdown yet,
which is almost certain to occur in 2013. What shambles do you think the housing market will be in
once that happens and the last backstop to housing is broke?
Submitted by Tyler
Durden on 11/15/2012
Moments ago Ben Bernanke released a
speech titled "Challenges in Housing and Mortgage Markets" in which
he said that while the US housing revival faces significant obstacles, the Fed
will do everything it can to back the "housing recovery" (supposedly
on top of the $40 billion in MBS it monetizes each month, and/or QEternity+1 ? ). He then goes
on to say that tight lenders may be thwarting the recovery, and is concerned
about high unemployment, things that should be prevented as housing is a
"powerful headwind to the recovery." In other words - the same canned
gibberish he has been showering upon those stupid and naive enough to listen
and/or believe him, because once the current downtrend in the market is
confirmed to be a long-term decline, the 4th dead cat bounce in housing will
end. But perhaps what is most amusing is that the Fed is now accusing none
other than the US household for not doing their patriotic duty to reflate the
peak bubble. To wit: "The Federal Reserve will continue to do what we can
to support the housing recovery, both through our monetary policy and our
regulatory and supervisory actions. But, as I have discussed, not all of the responsibility lies with the
government; households, the financial services industry, and
those in the nonprofit sector must
play their part as well ." So "get to work, Mr.
Household: Benny and the Inkjets, not to mention Chuck Schumer's careers rest
on your bubble-reflation skills."
Submitted by Tyler
Durden on 11/15/2012
Hope -
it appears - peaked at the start of the year in the US, following the global
coordinated central bank pump which ramped it from lows to highs within a few
months. All that hope - and then some - has now apparently faded. The General Business Conditions expected six months forward
dropped to its lowest level since March 2009 . What is
perhaps worse, given the focus on jobs jobs jobs, is that for the first time since April 2009, the employment
outlook for employment turned negative - suggesting firms are looking to
reduce employees at the fastest rate in over three-and-a-half years. The hopium
seems to have been depleted...
Submitted by Tyler
Durden on 11/15/2012
Get
ready for the " it's all Sandy's fault " barrage,
because the post-reelection status quo sure will desperately need it today. The
latest
initial claims data posted a multi-year high 104,548 surge in weekly NSA
claims from 361,800 to 466,348, and even the Seasonally adjusted number soaring
from 361K to 439K on expectations of a 375K print. In other words, a complete
disaster for any economic data bulls. What is truly amusing is that the same
Wall Street "experts" who set expectations were unable to foresee the
Sandy effect that every "macrotourist" on Twitter apparently is so
very aware of. Also, it is apparently also "Sandy's fault" (now that
the Bush excuse is back in retirement) that the prior week's claims were
revised from 355K to 361K. Basically, just as we said 3 weeks ago, ignore every
negative data point: it is Sandy's fault. However, for the snapback, when there
actually is good news to be had, well, "four more years." Finally, to
all the Sandy apologists: is the logic here that: if Hurricane,
then Fire everyone ? Because that is what is implied. To summarize: a
hurricane is good for GDP (lots of broken windows), but any actually negative
news (surge in firings) is perfectly expected.
Submitted by Tyler
Durden on 11/15/2012
Wal-Mart misses topline expectations: Revenue $113.93bn,
Exp $114.89bn, Sees full year EPS $4.88-$4.93, Exp. $4.94, Unveils new FCPA
allegations; Stock down nearly 4%
China chooses
conservative new leaders ( FT )
Eurozone falls
back into recession ( FT )
Moody’s to
Assess U.K.’s Aaa Rating in 2013 Amid Slowing Economy ( Bloomberg )
Another bailout
is imminent: FHA Nears Need for Taxpayer Funds ( WSJ )
Hamas chief
vows to keep up "resistance" after Jaabari killed ( Reuters )
Obama calls for
rich to pay more, keep middle-class cuts ( Reuters )
Obama Undecided
on FBI's Petraeus Probe ( WSJ )
Battle lines
drawn over “growth revenue” in fiscal cliff talks ( Reuters )
Rajoy’s Path to
Bailout Clears as EU Endorses Austerity ( Bloomberg )
Zhou Seen
Leaving PBOC as China Picks New Economic Chiefs ( Bloomberg )
Russia warns of
tough response to U.S. human rights bill ( Reuters )
Japan
Opposition Leader Ups Pressure on Central Bank ( WSJ )
Zhou Seen
Leaving PBOC as China Picks New Economic Chiefs ( Bloomberg )
China's
New Government; Europe's New Official Stagflationary Recession
11-14-12
Dave’s Daily: http://www.etfdigest.com THE MARKET SELL-OFF INTENSIFIES 11-14-12 U.S. stocks rallied early on Cisco ’s (CSCO) slightly better than
expected report. The stock was initially up 8% while half of those gains were
lost by the end of the trading day. Reality returned proving any early rally
merely provides another exit. Some bulls like to point out when Obama was
elected in 2008 stocks dropped 5% so the reelection should be nothing to worry
about it. They neglected to mention stocks kept dropping for the next 5 months.
After the news conference Wednesday investors saw little in Obama’s comments to
assuage their fiscal cliff concerns, so selling intensified. This press
conference followed on the heels of Geithner’s comments Tuesday that everything
will be fine once we raise taxes.Markets reacted strongly to Israeli attacks on
Gaza which killed a Hamas leader amping-up the region’s violence. Further,
Egypt has made threats to Israel, including recalling its ambassador, over the
Gaza attacks. This naturally caused an immediate spike in crude oil (USO) which
given energy’s high weighting also rallied commodities (DBC) overall. The
dollar (UUP) was flat while gold (GLD) rallied modestly. Also in currency
markets the yen (FXY), (YCS) fell as the BOJ and government entered massive
stimulus. The Chinese yuan (CYB) also established new highs on no particular
news. The yuan has been rallying modestly almost every day the past couple of
months and now is at an all time high. Some of this may be due to repatriation
on concerns regarding the economic stability within the U.S. and eurozone.
Bonds (TLT) and (IEF) were basically flat but the high yield sector (HYG)
continues to trade more with stocks and fell.Overseas eurozone shares were
weaker as Industrial Production in the region declined the most in 3 years,
down 2.5%. The UK’s Bank of England lowered future GDP growth due to the
ongoing financial crisis—and, here I thought this was over. The yen weakened as
Japan boosted its stimulus package. In China the 18 th Party Congress ended with few surprises. The China Construction Bank
offered some “happy talk” stating it was confident it could contain problem
loans. Retail Sales were weaker (-.3% vs -.1%
expected & prior 1.1%) and ex-autos/gas (-.3% vs -.1% expected & prior
.6%) so take your choice. Below is a chart demonstrated how Consumer Confidence
and Retail Sales are coming together.
http://albertpeia.com/daves111412chart.gif
The PPI (-.2%
vs expected -.1% expected & prior -.2%) and the silly “core” PPI (.-.2%% vs
.2% expected & prior .0%) again take your choice. Within the data food
prices (not that you eat) were higher by .4%. Business Inventories were higher
(.7% vs .6% expected & prior .6%) so dependent on your view, not much to
read into this report. Lastly Fed Minutes released this afternoon suggested an
extension of QE to infinity.Stock market sectors leading the way lower
included, well, just about everything. Oh wait, Abercrombie & Fitch (ANF)
rallied but this didn’t help retailers (XRT) much overall.Volume was only
slightly above recent averages while breadth per the WSJ looks like it posted
an ugly 10 /90 day away from the Nasdaq…’, With
Over 100,000 Supporting Texas Secession, Ron Paul Weighs In ZH
, The
Four Charts That Corporate Bond Managers Fear The Most ZH
,
November 14, 2012
http://gainspainscapital.com
http://albertpeia.com/derivativesdebtdefaultovervaluedsecurities.htm
‘Modern
financial theory dictates that sovereign bonds are the most “risk free” assets
in the financial system (equity, municipal bond, corporate bonds, and the like
are all below sovereign bonds in terms of risk profile). The reason for this is
because it is far more likely for a company to go belly up than a country.
Because of
this, the entire Western financial system has sovereign bonds (US Treasuries,
German Bunds, Japanese sovereign bonds, etc) as the senior most asset pledged as collateral for hundreds of
trillions of Dollars worth of trades.
The
“hundreds” of trillions of Dollars of trades stems from a 2004 SEC ruling in
which the SEC ruled that broker-dealers with capital bases above $5 billion
(think Goldman, JP Morgan, etc) could increase their leverage above previously
required levels while also abandoning market to market valuation
methods (a methodology through which a security was priced at the value that a
market participant would pay for it).
So, after
the 2004 ruling, large broker dealers were permitted to increase their leverage
levels dramatically. And because they could value their trades at whatever
price their in-house models chose (what are the odds that these models were
conservative?), the broker-dealers and large Wall Street banks are now sitting
on over $700 trillion worth of derivatives trades.
Now, every large bank/ broker dealer knows that the other banks/dealers are overstating the value
of their securities. As a result, these derivatives trades, like all financial
instruments, require collateral to be pledged to insure that if the
trades blow up, the other party has access to some asset to compensate it for
the loss.
As a result,
the ultimate backstop for the $700+ trillion derivatives market today is sovereign bonds. … In the US, we know that the top four
banks have over $222 trillion in derivatives exposure with just $7 trillion in
total assets. So the leverage here is roughly 31 to 1.
Using this
as a ballpark estimate for derivatives leverage, it is very possible that Spain
and Italy’s sovereign bonds are pledged
as collateral for well over $100 trillion worth of derivatives trades ($1.78
trillion X 31 + $1.87 trillion X 31).
This is why
Spain is dragging its feet about asking for a bailout: the mess of trying to
sort out the collateral issues for €1.78
trillion in collateral that is backstopping what is likely tens of TRILLIONS of
Euros’ worth of trades is capable of causing systemic failure….’
Submitted by Tyler
Durden on 11/14/2012
Here we go with the " but, but, Sandy " excuses. The just announced
October retail
sales tumbled, with their worst miss of expectations since May 2010, and the
first sequential decline since June: printing at -0.3% for both the headline
and the 'ex autos and gas', on expectations of a -0.2% and +0.4% rise. Ignoring
for a second that the Commerce Department said that Hurricane Sandy had both
positive (remember those massive lines in various stores ahead of Sandy) and
negative impacts on retail sales, it would be truly inconceivable for the
sellside Wall Street consensus of diploma'ed PhDs, which knew about Sandy's
impact on retail sales well in advance , and thus could adjust its numbers, to
actually, you know, adjust its numbers . Either way there is no way to
spin the longer term major store sales trend (last chart), which shows that the
US consumer, out of money, out of credit, and out of savings is entering the
holiday season with little to zero disposable spending power.
Submitted by Tyler
Durden on 11/14/2012
While
the impact of the Fiscal Cliff remains front-and-center in everyone's mind,
SocGen's Albert Edwards has another, more prescient, insight into why stocks
are reverting. In his words, "commentators are worrying about an impending
fiscal cliff, we have actually already
stepped off the profits cliff ." As we
noted last week , the divergence between markets and macro suggest a
rather ghastly echo of 2008; as the market is falling in line with the dismal
outlook for profits (rather than the more upbeat macro economic data). As far
as the latter, we are getting close to a cyclical peak - so macro surprises are
'as good as it gets' - and for the former (earnings outlooks), Edwards shows an
unprecedented level of optimism about EPS going forward. As we proceed into the
new year, Edwards expects "the
combination of poor profits and poor economic data to prove toxic."
Submitted by Tyler
Durden on 11/14/2012
It appears that these days not even the Corzining of client money
can happen without it being split across furiously polarized party lines. As it
turns out hours ago, the Committee on House Financial Services released an
advance glimpse into a report to be released in its entirety tomorrow, which
puts the blame for the collapse of not only MF Global, but also the disappearance
of millions in client money, right where it belongs: the firm's then CEO Jon
Corzine. Yet that Corzine corzined millions, leaving clients scrambling in
bankruptcy court in an attempt to recover what should have been segregated
money from the very beginning, and also just happened to blow up one of the 21
Fed-anointed Primary Dealers, is not surprising: this has been long known by
everyone. Those who need a refresher are urged to recall the Honorable's
testimony before the House... or maybe not: after all it is not as if Corzine
himself could recall a whole lot. Where it gets interesting is that the former
Democratic governor, and senator, not to mention primary bundler for president
Obama, is, in the eyes of the members of the committee, innocent: All the
democrats on the Investigations Subcommittee refused to sign off on the
findings, meaning that to them, Corzine is completely innocent. That this is
purely a political move is glaringly obvious. It is also abhorrent, because as
long as political ideology gets in the way of pursuing and imposing justice,
the Banana States of America will remain just that.
Submitted by Tyler
Durden on 11/14/2012
It was
all going so well, first name terms with Obama and AAPL up 30% from where you
bought it... a mere two months later and the Bank of Israel is now underwater
on their AAPL shares and about to print bullets. We noted
in early March what a ridiculous ponzi this was all becoming
when the Bank of Israel announced its purchase of US equity positions including
AAPL. In retrospect it is so gratifying to gloat at the self-confirming bias
that enabled their reserve managers to buy on the way up as the stock that can
do no wrong lifted all boats. Actually, it is easy to gloat in any ' spect '. We can only
assume that Bernanke's Bat-phone is ringing off the hook this afternoon to 'get
back to work' and come to the aid of his Bank of Israel mentor.
Submitted by Tyler
Durden on 11/14/2012
Don't jump to
conclusions over general, Pentagon chief says ( Reuters )
Bad times for
generals: Pentagon demotes 4-star General Ward ( Reuters )
Investors Pay
to Lend Germany Money ( WSJ )
Noda will no
longer be watching... watching: Japan PM honors pledge with December 16 vote
date, to lose job ( Reuters )
New China
leadership takes shape ( FT )
Hispanic
Workers Lack Education as Numbers Grow in U.S. ( Bloomberg )
Quest for EU
single bank supervisor stumbles ( FT )
Anti-austerity
strikes sweep Europe ( Reuters )
Amazon faces
new obstacles in fight for holiday dollars ( Reuters )
SEC Expands
Knight Probe ( WSJ )
Singapore’s
Casinos Lose Luster as Gaming Revenue Decline ( Bloomberg )
Amid Petraeus
sex scandal, Air Force to release abuse report ( Reuters )
Geithner’s
Money Fund Overhaul Push Sparks New Opposition ( Bloomberg )
InVeRTeD
MaRXiSM In AMeRiKa... Posted by: williambanzai7 Post date: 11/14/2012 - 14:33 Socialism for the wealthy,
capitalism for the poor...
{Yeah, this is well said; and, also when convenient in terms of wall
street frauds/bailouts, the corollary strategy apposite here is their modus
operandi of privatizing gains and socializing losses. All in plain sight, with
a little help from their friends of course: The unfortunate
reality is what I’ve alluded to in the context of my own direct experience;
viz., america’s ‘legal system’ is an illegal system used to cover-up crimes,
arbitrarily enforce laws to apply pressure, etc., and essentially run by the
inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm } ; despite enormous amounts of taxpayer money
poured into the ‘federal system’, there’s relatively/proportionately very
little real significant results (an example would be the brutalizing of Martha
Stewart over a $45 thousand transaction while wall street frauds in the trillions
by the biggest players have gone unprosecuted). }
http://theeconomiccollapseblog.com
http://albertpeia.com/warandmiddleeast.htm
11-13-12 Dave’s Daily: http://www.etfdigest.com ‘STOCKS FADE INTO THE CLOSE AGAIN
11-13-12 Markets rallied
early then faded quickly into the close led by Microsoft (MSFT) and Intel
(INTC). Since both are/were big hedge fund positions, one might imagine the big
money is heading to the exits on the heels of Apple (AAPL) another previously
large hedge fund holding. There wasn’t any economic data Tuesday from the U.S.
In overseas market China enacted property taxes for the first time in Shanghai
and Chongiq . Somewhat related in Hong Kong, seemingly always in a property bubble, a
condo sold for over $8K per square foot…seriously. Pundits in China are now
worried about falling retail sales. In the eurozone, Greece (no surprise) has
been given a 2 year extension to implement austerity reforms and an agreement
for interim funding has been put off until November 20 th . At the same time the Greek
government is running out of money and needs $32 billion by Monday I believe.
However, the troika has not figured out how to fund this yet. The Greeks are
wearing us all out. Beyond this, German Investor Confidence fell to -15.7 vs
-11.5 which is hardly encouraging and perhaps the Germans are getting worn out by their southern neighbors .The dollar (UUP) and gold (GLD) were basically flat on the day. Stocks
were led higher by a positive report by Home Depot (HD) which some assumed
translated to a strong or recovering housing market. I’d say that is
misleading. As I look about New England what I see are people remodeling
existing homes they are unable to sell not to mention demand from destruction
from Sandy. Commodities (DBC) were also mostly flat. Bonds (IEF) and (TLT) were
higher.Truth be told we’re short via a half dozen leveraged ETFs. This hasn’t
been a profitable thing to do when the Fed is in QE and ZIRP mode. That said , we’re
also long a few markets putting us in a long/short position.Volume picked up on
selling but is still relatively light. Breadth per the WSJ was negative and
perhaps markets are short-term oversold again… , Marc Faber: Prepare for a Massive Market Meltdown CNBC | The markets are going to go into
meltdown soon, so expect stocks to lose 20 percent of their value, Marc Faber,
author of the Gloom, Boom and Doom report told CNBC on Tuesday. , Public pension funds face vast shortfall Marketwatch
ZeroHedge.com
on 11/13/2012
Moments ago the MTS released the final
October budget report . It was not
pretty, although those who read our
report on how much debt was added - $195 billion to be precise - in the first
month of the 2013 Fiscal Year will know where this is going. The US budget
deficit was expected to soar after the September surplus of $75 billion, driven
entirely by calendar shifts and pre-election propaganda, to -$113 billion. That
was optimistic: the total amount of overspending in October was $120 billion.
What is distressing is that this was well above the $98.5 billion deficit from
a year ago, and confirms that the long-term trendline of ever greater spending
continues. This was also the fourth largest October deficit in history. And
looking merely at the spending side of the ledger, the US government's outlays
in October alone were $304 billion. This is the third biggest October monthly
spend for the government ever, and just why of the all time high $320.4 billion
record in October 2008, when everything imploded after Lehman failure and Hank
Paulson was literally dousing the monetary flames with brand new Benjamins.
Submitted by Tyler
Durden on 11/13/2012
Farce #1 : “Market
value” and “free markets” have become a joke.
Farce #2 : Private,
self-assigned, fake value is being traded for public money at 100 cents on the
dollar.
Farce #3 : Printed money
is backed by nothing.
Farce #4 : We have a
“free” enterprise system dominated by monopolies that force people to buy
inferior goods and services at exorbitant rates.
Farce #5 : High-level
financial crimes, no matter how egregious or widespread, are not being
prosecuted.
Farce #6 : Risk is gone.
Now there is only liability borne by citizens.
Farce #7 : Productivity
has been supplanted by parasitism.
Submitted by Tyler
Durden on 11/13/2012
Earlier today, the BIS, which has been
doing everything in its power today to defend the 1.27 support in the EURUSD
since the market open this morning, released its H1 OTC derivatives
presentation update. There was little of material note: total OTC derivatives
were virtually unchanged at $639 trillion gross, representing $25 trillion in
net outstanding (market value), and $3.7 trillion in gross credit exposure.
Here the PhD theorists will say gross is irrelevant because Finance 101 said so,
while the market practitioners will point to Lehman, counterparty risk, and
less than infinite collateral to fund sudden implosions of weakest links in
counterparty chains, and say that it is gross (which until a recent revision of
BIS data had been documented at over $1 quadrillion) that mattered, gross which
matters, and gross which will always matter until finally
everything inevitably collapses in a house of missing deliverable cards.
Because not even the most generous sovereigns and central banks can halt the
Tsunami once there is a failure of a major OTC Interest Rate swap counterparty.
And whereas Basel III had some hopes it would be able to bring down the total
notional in derivative notionals slowly over the next few years with a gradual
deleveraging across all financial firms, the bankers fought, and the bankers
won, because the last thing the current batch of TBTFs can afford it admit
there is any hope they can ever slim down. The will... but never voluntarily.
Submitted by Tyler
Durden on 11/13/2012
The Bild is now
a source for EURUSD stop hunts: Germany eyes 'bundled' loan payment to
Greece-paper ( Reuters , Bloomberg )
Congress comes
back Tuesday to confront “fiscal cliff.” ( Reuters )
Gen. John Allen
ensnared in Petraeus scandal ( Politico )
FBI Agent in
Petraeus Case Under Scrutiny ( WSJ )
Comcast's NBCUniversal
unit lays off 500 employees ( Reuters )
University Fees
Stoke U.K. Inflation ( WSJ )
Consumers
Closing Wallets in Japan Add to Noda’s Woes ( Bloomberg )
John McAfee
Wanted for Murder... and explaining bathsalt anal suppositories ( Gizmodo )
Europe Gives
Greece 2 More Years to Reach Deficit Targets ( Bloomberg )
Where Spain Is
Worse Than Greece ( WSJ )
Microsoft's
Windows unit head, once a possible CEO, exits ( Reuters )
Glitch stops
NYSE trading in 216 companies ( FT )
Large European
Banks Stash Cash ( WSJ )
The death of
San Bernardino: How a vicious circle of self-interest sank California city ( Reuters )
Apple stores
most productive US shops ( FT )
Treasuries See
U.S. Falling Over Cliff as Yields Converge ( Bloomberg )
Bra-Bodysuits
Make H&M One Hit Wonder as Zara Prospers ( Bloomberg )
5 mistakes retirees make choosing a Medicare plan
How to choose a health-care plan
11-12-12 Dave’s Daily: http://www.etfdigest.com ‘MARKETS CALM ON QUIET DAY 11-12-12
I suppose we could ask Cliff what his
views might be and they might actually be as rational as some of the stuff I’ve
been reading. I see a leading democrat, Senator Patty Murray (Washington) stated it would be okay to go over the cliff then
return later to work something else out. Some say the most likely compromise
would be an extension of everything but that would just leave things hanging
out there. Obama believes he has a mandate rightly or wrongly and if that’s the
case he would use it right away rather than wait. In the meantime those wanting
a higher millionaire’s tax (Buffett et al) haven’t flooded pay.gov yet with
their voluntary contributions.The U.S. experienced one of those semi-holidays,
Veteran’s Day, with most markets open while bond markets were closed. In Japan
the economy contracted 3.5% pushing the country to 5 recessions in 15 years.
That must be some kind of failed Keynesian record. China reported a 19% decline
in credit which shows what’s happening to consumers there. India noted a
decline of .4% in industrial production vs +2.8% expected. Meanwhile inflation
rose to 9.75%--they don’t do “core” rates as done in the U.S.—silly them!Meanwhile
in the eurozone no deal has been reached for Greece despite vote and Spanish
bonds sunk in price but U.S. stocks shrugged off all this bad news as the
machines were fully engaged.The dollar (UUP) rallied slightly while gold (GLD)
fell slightly. Commodities (DBC) were slightly weaker led down by oil (USO) and
grains (JJG) primarily. Bonds (IEF) and (TLT) were flat overall. Stocks were
led higher by biotech (IBB) and lower by homebuilders (ITB). Overall not much happened on
this holiday.
Volume was light
and breadth per the WSJ was slightly negative…’
http://endoftheamericandream.com
http://albertpeia.com/wobamaelectionfraud.htm
‘ Barack Obama received more than 99% of the vote in more
than 100 precincts in Cuyahoga County, Ohio on election day. In fact,
there were a substantial number of precincts where Mitt Romney got exactly zero votes . So how in the world did this
happen? Third world dictators don't even get 99% of the vote.
Overall, Mitt Romney received 30.12% of the vote in
Cuyahoga County. There were even a bunch of precincts in Cuyahoga County
that Romney actually won. But everyone certainly expected that Cuyahoga
County would be Obama territory. And in most of the precincts that is
exactly what
we saw - large numbers of votes for both candidates but a
definite edge for Obama. However, there are more than 100 precincts in
Cuyahoga County where the voting results can only be described as truly
bizarre. Yes, we always knew that urban areas would lean very heavily
toward Obama, but are we actually expected to believe that Obama got over 99%
of the votes in those areas? In more than 50 different precincts, Romney
received 2 votes or less. Considering how important the swing state of
Ohio was to the national election, one would think that such improbable results
would get the attention of somebody out there. Could we be looking at
evidence of election fraud hidden in plain sight? (Yes!)
Perhaps
if there were just one or two precincts where Obama got more than 99% of the
vote we could dismiss the results as "statistical anomalies" and
ignore them.
But
there were more than 100 precincts where this happened in the most important
swing state in the nation…’
November 11, 2012 http://gainspainscapital.com
http://albertpeia.com/2bigproblems.htm
‘The US
Presidential election ended November 6, 2012. Since that time, the market has
fallen 3%. There
are a multitude of reasons for this, but the primary one is the fact that the
markets is beginning to realize two key items:
1)
Everything that was a problem in the run up to the US election is still a problem (in fact
many issues are now worse than they were a few months ago).
2)
Having engaged in pre-emptive and extreme actions to keep things calm in the
run up to the election, the US Fed and ECB have run out of effective monetary
bullets…’
Submitted by Tyler
Durden on 11/12/2012
Two
months ago, when we commented on Apple's pyrrhic courtroom victory in which it
managed to halt sales of older generation Samsung smartphones - a
"victory" which would backfire with Samsung phone sales soaring,
while AAPL results missed, forcing the company to accelerate its product launch
cadence to a ridiculous 3 months with news that the iPhone 5s is already in the
works a month after the launch of the iphone 5 - we said "The paradox
here is that AAPL's victory is quite pyrrhic: if and when Samsung feels sufficiently threatened, it can
just pull a Gazprom and halt the supply of mission critical components to the
world's biggest publicly traded company ." Naturally, the hyperbolic
all out response would mean an immediate nuclear war of attrition between the
two electronics giants. Instead Samsung would be even better served to show
Apple who is boss in quantized increments. Today, it has done just that,
forcing Apple to swallow a 20% price increase on hundreds of millions of
Samsung application processors used in iPads and iPhones. " Apple first disapproved it, but finding no replacement
supplier, it accepted the (increase.) " Game, set, match Samsung.
Submitted by Tyler
Durden on 11/12/2012
Many Americans voted for “the lesser of two evils” and were disappointed
in the result. This must have been an emotional double whammy in the
sense that not only did the guy you disliked so much that you were willing to
vote for a candidate you didn’t like win, but you didn’t vote your conscience.
What allowed Mike Krieger to do this was the complete and total recognition
that under both major candidates America loses. His major issues are:
The Federal
Reserve scam and Wall Street theft.
Civil liberties
and the destruction of the Constitution.
Our aggressive
foreign policy and imperial wars abroad that help only the oligarchs and
impoverish the masses.
The country has cancer, not a
common cold , and our response therefore must be much more serious
than either of these corporate candidates are willing to commit to.
Unfortunately, it will get ten times worse in the coming years, and we strongly believe that 2013-2016 will be a historic period
in the political transformation of the United States. The show is
over. It’s time to buckle up.
Submitted by Tyler
Durden on 11/12/2012
Bridgewater's Ray Dalio believes four
factors drive relative economic growth: competitiveness, indebtedness, culture,
and luck. The returns
from his machine-like investment process clearly indicate he is on to
something as he notes that the most powerful influences of this relative income
(and power) are 1) the psychology
that drives people’s desires to work, borrow and consume and 2) war (which we measure in the “luck” gauge).
Throughout history, Dalio advises these two influences have changed
countries’ competitiveness and indebtedness which have caused changes in their
relative wealth and power . He goes on to add that since different experiences lead
to different psychological biases that lead to different experiences, etc., certain common cause-effect linkages drive the typical
cycle of a nation's growth, power and influence - and that
countries typically evolve through five stages of that cycle.
Submitted by Tyler
Durden on 11/12/2012
It may seem blasphemous on such an important
day of remembrance to suggest that what is being protected is somehow not as
worthwhile as it once was but as Street Talk Live's Lance Roberts shows America is no longer the greatest country in the world -
based on numerous statistics... 7th in literacy, 27th in math, 12th in
prosperity...You get the idea. The rise of economic strength was
built on the backs of hard working Americans who built stuff from skyscrapers
to railroads. We farmed, we produced and we raised families.
The pride of "built in America" was the flag that we waved. America
has become a debtor nation and the cancer of debt has eroded our economic
prosperity… Newsroom's Will McAvoy is right: "The first
step in solving any problem is recognizing that there is one."
The
UK's Most Disturbing Number: Total Unfunded Pension Obligations = 321% Of GDP
Submitted by Tyler
Durden on 11/12/2012
Jefferies to be
bought by Ian Cumming's Leucadia in an all-stock deal for $3.59 billion or
about $17/share ( WSJ )
FBI Scrutinized
on Petraeus ( WSJ )
Identity of
second woman emerges in Petraeus' downfall ( Reuters )
SEC staffers
used government computers for personal use ( Reuters )
Japan edges
towards fifth recession in 15 years ( FT )
Europe Finance
Chiefs Seek Greek Pact as Economy Gloom Grows ( BBG )
Americans Say
Europe Lesson Means Act Now as Austerity Will Fail ( BBG ) - of course
it would be great if Europe had ever implemented austerity...
Greece battles
to avert €5bn default ( FT )
You don't bail
out the US government for nothing: No Individual Charges In Probe of J.P.
Morgan ( WSJ )
Israel Warns of
Painful Response to Fire From Gaza, Syria ( BBG )
Greece's
far-right party goes on the offensive ( Reuters )
Don’t fear
fiscal cliff, says Democrat ( FT )
Apple Settles
HTC Patent Suits Shifting From Jobs’ War ( BBG )
Man Set on Fire
in Argentina Over Debt ( EFE )
Iraq cancels
$4.2-billion weapons deal with Russia over corruption concerns ( Globe
and Mail )
An Honest Guy
on Wall Street ( Bloomberg )
EPITAPH FOR AMERICA: Nothing quite succeeds
like failure in america. I had tried to help underdog (and outsider and former
missionary and hard worker and straight shooter) Mitt Romney by coming out
early and unequivocally in support of him and change in the disastrous
direction of america, unequivocally in decline. Importantly, that also gave me
'license' to say what needed saying but what everyone considers politically
incorrect, impolitic, or brutally honest and/but are afraid to say. The key(s)
to the election debacle here were the threat of riots and violence by the
typical uncivilized niggers. After all, americans generally are without doubt
an inherently cowardly people and war-mongering bullies as indicated by past
and recent history. I saw this first hand by particularly that screaming old
lady lying on the ground, blood streaming from her mouth, purse stolen by the
nigger who calmly walked away as whites among others walked, passed her by in
fear (see immediately infra). Truth be told, I bit my tongue and cringed at
every Romney link to corrupt, venal war criminals/criminals/mobsters bushes,
cheney, trump, kean, (republicans alito, et als) etc., who have substantially
damaged me (along with referenced democrats, to be fair). Then there's that
contra-indicated love-fest with war mongering/war crimes nation, illegal nuke
totin' israel (almost more than I could bear). On the positive side, trusting
in GOD only as I do, I must confess I was happy to see the destruction of the
jersey shore and appropriately, rockaway beach, queens, new york (jersey mob
and gambino crime family connection). A lesson to all, Romney particularly,
never trust a half-breed sicilian former federal government slug; that rotund
humpty dumpty christie of jersey infamy. Amazingly, the very people who've been
and will prospectively be damaged by nothing more than a mentally troubled
fraud, grifter, jive-talking b***s***/con artist obama, gave him the blind
support he needed to prevail regardless of his unequivocally failed four years
of prior broken campaign promises, reality, and rationality. Self-destructive,
mentally challenged/troubled losers? That fits! That america is a hopelessly
failed, bankrupt nation in decline, there is no question! MSNBC
Yet Again Implies Criticism of Obama Is Racist Paul Joseph Watson | General
Electric-owned (49%) network is earning its federal bailout money. [Yet, it's
holder / wobama who're the racists ... Robinson: King's dream remains
unrealized (Washington Post) [ Yeah! That 'content of their character' thing's
a b***ch to live up to ... just don't measure up! What's a white person to do,
especially when black atty. General Holder with fellow black Obama's tacit
approval is racist himself (themselves) UPDATE: MORE CLAIMS OF RACE BIAS AT
JUSTICE...'ignore cases that involve black defendants and white victims '.
Drudgereport: 'Mob' beatings at WI state fair... 'Hundreds of young black
people beating white people'... [ Typical ... ] Fairgoers 'pulled out of
cars'... 'They were just going after white people'... Heightened security... [ .. (the following incident is my personal experience: black perps, white
victims)' ... while walking through Military Park (a sliver of a 'park' - more
a pedestrian thoroughfare/cement walks) in newark, new jersey on the way to the
bank during lunch hour, I heard the clearly audible screams/cries of what
turned out to be an old lady on the ground with blood streaming from her mouth.
I ran toward the sound of the cries, the source of which I could not see
because there were so many people in and about this thoroughfare so as to block
any vision of the source of the cries. When I came to the woman, on the ground,
blood streaming from her mouth, I asked what happened, to which she responded she
had been hit in the mouth and knocked to the ground, her purse stolen/put
inside her shopping bag, and she pointed out the criminal casually now walking
across the main street. Nobody stopped to help her, many having passed her by.
I slammed the thug to the ground so hard that, in light of all the blood and
confusion (limbic system / adrenalin flow) I thought I had been stabbed (the
blood was from his elbows hitting the pavement so hard - no one helped / a
crowd gathered / an undercover cop happened along). When I testified at the
Grand Jury Proceeding I made sure his threat on my life was set forth in prima
facie fashion so as to maximize the DA's position with both felonies ( he went
to prison - pled out ). The other case I wrote about here ( This was included
on my website in the Psychology forum discussion of 'bystander effect' /
diffusion of responsibility. ) - Having had occasion to have run down a mugger
in newark, n.j. who apparently had followed a girl from the bank on her way to
the bursar to pay tuition, though in pretty good shape, I was astounded by how
totally exhausting such a pursuit was, how much like rubber my arms were when I
traded punches with the perpetrator, and truth be told, if I had a flashlight
on my belt, I have little doubt that I would have probably used it to subdue
the perp (a police officer here in California was the object of intense
criticism for having used a flashlight to subdue a criminal after a long chase
so I included that here) . The girl was not that seriously injured, did get her
pocketbook and tuition back, and the criminal went to jail (where they belong).
The other thing about such a pursuit that amazed me was that no one else
assisted the girl or me despite being in a position to do so. I was also mugged
by 4 blacks and 2 hispanics in an incident here in Los Angeles, CA. But, to be
fair and balanced, the RICO litigation involves those uncivilized who consider
themselves 'whites' http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly
but not exclusively jews / romans-italians / mobsters / government slugs). http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/fbimartinezcongallard.htm
]
11-9-12 Dave’s Daily: http://www.etfdigest.com ‘COMPROMISE SEEMS FUTILE AS CLIFF NEARS
11-9-12
‘Boehner stepped forward Thursday with a softer tone on compromise with
the administration. Then the president invited all to meeting next week to
discuss the fiscal cliff and to seek some compromise. But just a short time ago
the WH stated the president will veto any bill that extends existing tax cuts
for the wealthy. This is reminiscent of the Simpson-Bowles Commission aftermath
when the much awaited report was tossed into the trash can with a “thanks for
coming” dismissal.Now we just have learned CIA Director David Patraeus has
resigned over an exta-marital affair. Just after the election—how convenient.
He was probably outed by CIA insiders. Things just get curiouser and
curiouser.I would put forward this now, why don’t we just go over the cliff,
get it over with and let things get sorted out from the wreckage? It would be
tough certainly but we should’ve gone over the cliff by letting the banks fail
in 2008-2009 putting it behind us. Stocks being short-term oversold attempted a
rally but there wasn’t much follow-through or conviction behind it. This is due
to the lack of any sense of compromise over the fiscal cliff.Economic data
featured the over-rated U. of Michigan Consumer Sentiment report (84.9 vs 81.5
expected). The index is based heavily on stock market prices which carried over
from October and I prefer the Conference Board’s data as it isn’t so skewed by
markets.The dollar (UUP) continues to be strong while uniquely gold (GLD) also
rises as investors scramble for safe havens. Bonds (TLT) also reversed course
from earlier losses as prices rose. Commodities were mildly positive mostly on
the strength of energy. As to this, oil (USO) was pressured higher by an
admitted Iranian strike on a U.S. drone of which we seem to have so many. Tech
(XLK) bounced as Apple (AAPL) shares were able to catch a bid. Semiconductors
(SOXX) were also stronger but homebuilders (ITB) were weak.Volume remains
elevated still and breadth per the WSJ was rather flat…’, Drop
echoes 1987 crash prelude The charts, timing and news cycle bear more than a
passing similarity to the period before October 1987, writes Jon D. Markman.
‘The Dow Jones Industrials have fallen 450 points over the past two days, and a
lot of the blame has been placed on the re-election of the president. But
anyone paying attention to the market over the past three months recognizes
that the peak was actually made the week that the Federal Reserve announced a
third round of quantitative easing. That was expected to be a positive event,
but in retrospect, it ushered in a rolling thunder of value-eroding news
events…’ , Dow
Theory now on a sell signal?
Did the Dow Theory generate an official sell signal earlier this month?
Two of the Dow Theorists whom Mark Hulbert monitors say yes.
GEORGE BUSH ACCIDENTALLY VOTES FOR OBAMA http://albertpeia.com/hessuchadope.htm { He’s such a dope! } { Forget the ‘new
bush’ (george p. bush), same as the old bush … poor Texas … wants to finish the
job of destroying the GOP and america. Even Reagan was not unscathed … cocaine
distribution under the guise of some vague alleged black op with obfuscating
global skullduggery … that has incompetent senior bush written all over it …
spelled Iran Contra … they do it for the money and primarily because they can’t
do anything else well and think they’re entitled to wealth however and by
whatever means achieved … http://albertpeia.com/CIAAgentAffidavit1.jpg }
OLIVER
STONE: 'I find Obama scary'...
http://theeconomiccollapseblog.com
http://albertpeia.com/postelectionfiringslayoffs.htm
November 9, 2012 http://gainspainscapital.com
http://albertpeia.com/videosinvestorsmustsee.htm
‘We
have just completed a series of videos detailing some of the risks posed to the
financial system by the Federal Reserve as well as the European banking crisis…
These videos are free and available at: www.abovethecrash.com ‘
Exclusive:
Bank Of England To The Fed: "No Indication Should, Of Course, Be Given To
The Bundesbank..." ZeroHedge.com "Recently, Johnson Matthey have put 172 “bad
delivery” U.S. Assay Office bars into good delivery form for account of the
Deutsche Bundesbank . These bars formed part of recent
shipments by the Federal Reserve Bank to provide gold in London in repayment of
swaps with the Bundesbank. The
out-turn of the re-melting showed a loss in fine ounces terms four times
greater than the gross weight loss ... No indication should, of course, be given to the
Bundesbank, or any other central bank holder of U.S. bars, as to the refiner’s
views on them ." , Meet
Alex - The Real 'Not Lazy Bastard' Greek
While Mr.
Panos has often been used as the poster boy for the Greek people, his shortened
premise is - we
will keep taking the Europeans money until they no longer want to give it to us . In the
meantime, the Greek people have suffered due to the previous largesse of their
government and need for a 'reversion' to the mean of their relative wealth. The
following brief clip offers some insight (or defense) of who the real
man-on-the-street is in Greece…’ , Worst
Week In 5 Months For Stocks
Cash equity markets closed the day very marginally in the green - ending
the worst week in over five months . S&P 500
futures are bleeding red after-hours as we note significant volume came in
after the President began speaking - from which we closed down 1%. Cross-asset correlations were extremely high today as it
seemed all about equities (and equities were all about AAPL).
Credit markets (and volatility) were not enjoying the morning party as much as
stocks but by the close equities reverted back down to reality. Gold remains
the week's big winner (post-election) but we note that 10Y yields fell from
over 1.75% into the election to under 1.60% at their lows today. The USD ended the week +0.6% and Treasury yields down
10-15bps . AAPL gained 1.75% (phew) but traded extremely
technically with heavy volume around VWAP into the close which helped Tech
slightly outperform Financials on the week (-2.5% vs -3.1%). A day of technical bounces and all eyes on stocks... , Consumer
Confidence Rises To Highest In Over 5 Years Just As Market Tumbles Earlier we
asked a simple question: What time is the
all time highest UMich Consumer Sentiment out? the answer is 9:55... and while
not an all time high, LOLfidence, pardon, CONfidence just printed the highest
number since July 2007!
Submitted by Tyler
Durden on 11/09/2012
Update, in which we
find the true reason for the affair: Petraeus Won’t Testify on Benghazi Next Week, Senate Aide Says. In other words,
next time one is called to testify before a panel over the deaths of 4 people
including one US ambassador, one just pulls the infidelity "get out of
testimony" card and all is well.
A mere few days after the re-election of
our president, CIA Director David Petraeus annoucnes his resignation:
*CIA DIRECTOR DAVID PETRAEUS RESIGNS
*PETRAEUS SAYS HE ASKED OBAMA TO BE ALLOWED TO RESIGN:
NBC NEWS
The reason - an extra-marital affair...
Submitted by Tyler
Durden on 11/09/2012
In mid 2008, when macro data surprises
were very weak, equity markets continued to push inexorably higher; happily
ignorant of reality as The Fed has your back, 'bad is good', and the impossible
was still impossible. This rally front-ran the economic surprise data - as
economists had (in their ubiquitously extrapolant manner) over-cooked the
downside and a reflexive bounce and rate cuts swung us into the green
economically and market-wise. That surge in macro surprise data proved
fleeting and we crashed a few short months afte r. Four years
later and once again we are told that 'bad is good', every central bank is just
dying to add more liquidity fuel to the fire, and macro data is 'surprising' to
the upside. However, instead of following the
2009, 2010, and 2011 patterns, we are mimicking that 2008 pattern as 3-month
S&P return turns red while ECO data is still rising . We suspect
the hope-driven 'magic' in that ECO data will rapidly fall to the bottom-up-biased
earnings data we discussed earlier and while 'expecting' a 30% plunge in
stocks is a little much - we've
seen this kind of hopeful optimism dashed before on the rocks of reality .
Submitted by Tyler
Durden on 11/09/2012
The U.S. trade balance in September improved, largely on petroleum, with a
rebound in exports. This was good news for a single economic data point
and it sent mainstream economists to mistakenly begin boosting third quarter
GDP estimates to 2.9% from the 1st estimate of 2.0% that we saw last month. The
important point is that
the trend of exports, and imports, has been negative as the recession in
Europe, and slowdown in China, have reduced end demand . There are a
numer of reasons that the recent positive boosts to the trade deficit data are
more likely temporary in nature and will be revised away in the months
ahead. "Regardless of when the NBER officially announces
the start date of the next recession - the damage will have already been done
to investors."
Europe
Ends Worst Week In Six On AAPL-Driven Upswing
Is
Micro Weakness Smelling A Macro Collapse?
USA
As Seen By Europe: The Next Greece?
Submitted by Tyler
Durden on 11/09/2012
Greek Aid
Payment Call Won’t Be Made Next Week, EU Official ( Bloomberg )
Eurozone faces
brinkmanship on Greece ( FT )
Pressure Rises
on Fiscal Crisis ( WSJ )
The JC Penney
massacre continues ( BBG ) - In other
news, any minute now Bill Ackman will get that 15x return...
SEC left
computers vulnerable to cyber attacks ( Reuters ) cue
"back door Trojan" jokes
Former Goldman
trader accused of fraud ( FT )
Elizabeth Warren's
Inadvertent Best Friends: Wall Street and Republicans ( BusinessWeek )
Zurbruegg Says
Managing SNB Currency Reserves Is Major Challenge ( BBG )
Obama ally
leads push on fiscal cliff ( FT )
Britain
threatens to block banking union ( FT )
PBOC’s Zhou
Says China’s Economy Improving as Data Due ( Bloomberg )
China slaps
duties on steel tube imports ( FT )
Obama to Make Statement
on Economic Growth, Cutting Deficit ( Bloomberg )
Is
The 29 Hour Work Week Coming As Employers Seek To Escape The Obamacare Mandate?
Craig Bannister | Companies
are reportedly planning large layoffs due to the implementation of Obamacare.
HSBC
accused of helping British drugs and arms dealers launder money by opening
thousands of bank accounts in Jersey
Daily Mail | Britain’s
biggest bank has been accused of helping drug-dealers and gun runners launder
money and evade tax in Britain with offshore accounts.
Fiscal
Cliff Worries Drive Gold to $1,731
Kurt Nimmo | $1,600
territory likely a thing of the past.
Obama’s
economic policies explained for Earthlings
Mike
Adams | In case you haven’t noticed, the U.S. populace — as well as its
delusional political leadership — has resigned itself to the intellectual
lazy-ism of “Let’s just SPEND our way out of this mess!”
11-8-12
Dave’s Daily: http://www.etfdigest.com ‘NEGATIVE REACTION TO HIGHER TAXES 11-8-12 It’s pretty simple, raise taxes and before they take effect
investors, especially insiders, will lock up what gains they might have and
book them. Current low levels of capital gains and dividend tax rates are under
assault. I guarantee you as lawmakers see these market declines increase a
softer tone may begin to appear. If not then they’re committing investment
suicide. Currently Harry Reid indicated that the country has given a mandate to
Obama to raise taxes. At the same time John Boehner has stated vaguely that some
common ground could be found by eliminating some “loopholes”. Either way, taxes
would rise.As this
story noted Bernanke & Co might take QE3
to $1 trillion if the fiscal cliff is unsettled.Stock investors are selling
first and asking questions later. Permabulls, especially those with fees at
stake, are spinning for investors to buy. We’re nearly 70% in cash in our lead
portfolio and long some income sectors.We will stay this way until the dust
clears and more certainty builds.It didn’t help that equity leaders like Apple
(AAPL) continue to free fall and even trusty McDonalds (MCD) posted its first
sales decline in nearly a decade.The politics of the moment are murky and the
only voice of reason from my perspective came from Ron Paul Thursday. He was
defeated early by the plutocracy of left and right but his words today make the best sense: "People
do not want anything cut," he said. "They want all the bailouts to
come. They want the Fed to keep printing the money. And they don't believe that
we've gone off the cliff or are close to going off the cliff. They think we can
patch it over, that we can somehow come up with some magic solution. But you
can't have a budgetary solution if you don't change what the role of government
should be. As long as you think we have to police the world and run this
welfare state, all we are going to argue about is who will get the
loot."Paul was defeated perhaps because he didn’t come across as telegenic
or “cool” but more significantly because he would have screwed the vested
interests (plutocracy) on both the left and right.Greeks voted last night to
accept the austerity agreed upon with the troika. The vote took place while the
rioters were sleeping. But, they’ll be back. How long this will hold together
is anyone’s guess. One thing is true: TPTB in the eurozone will do everything
and anything to keep this house of cards together.Jobless Claims (355K vs 370K
expected & prior 363K) were better but Sandy skews this week’s data and
next. So it’s not a valuable data point.The dollar (UUP) was stronger but so
too was gold (GLD) which is an odd pairing. Commodities (DBC) (USO) were
somewhat stronger as perhaps investors are looking for “real” things. With most
commodity tracking ETFs they’re heavily weighted by energy and news of an
Iranian air strike on a U.S. drone
(on news from last week) helped boost oil . Bonds (IEF),
(TLT) and (TIP) continued to gain in strength as stocks fell.Volume was once
again elevated as selling intensified…’,
8 reasons the selloff could get much worse Marketwatch
Submitted by Tyler
Durden on 11/08/2012 -
It would appear Mark Twain's infamous
quote that "history does not
repeat, but it does rhyme" has never been so apt. The following
eight charts suggest the rhythm is getting louder and louder. How is it
possible? It's nonsense? Well at the heart of the markets, it is still us
humans and our endearing greed, fear, and heuristic biases that drive the
flows... trade accordingly. “Everything that needs to be said has
already been said. But since no one was listening, everything must be said
again.” — André Gide
Submitted by Tyler
Durden on 11/08/2012
From an outright libertarian, the
headline seems contrary; but Ron Paul's affirmation that "pure democracy
is dangerous" critically confirms what Romney accidentally admitted: that enabling the majority to dictate the minority is a
problem when the majority are receiving a [government] check . Bloomberg
TV's Betty Liu looks a little shocked when the thoughtful Paul confirms bluntly
that the reelection of Obama is driven simply by 'the people' being on the
'receiving end' of government benefits and that the US is "so far gone; we're over the cliff already ." From
the lack of credibility in Washington to GOP's 'acceptance' of higher taxes and
why he quit Congress, Ron Paul succinctly reminds many of the true state of the
union in which we live... " As
long as you think we have to please the world and run this welfare state, all
we will argue about is who will get the loot."
First
Ohio; Next 'The Moon'? Submitted by Tyler
Durden on 11/08/2012 While markets
are digesting the probabilities of a dramatic rise in taxes and cut in spending
as we approach the fiscal cliff, it appears that behind-the-scenes there has
been a secret plan that we can only imagine is designed to rocket-boost us over
the cliff - new manned missions to the
moon . As Space.com
reports , NASA is serious about sending astronauts back to the moon's neighborhood
and will likely unveil its ambitious plans soon now that President Barack Obama
has been re-elected, experts say. They go on to comment that "The space
agency has apparently been thinking
about setting up a manned outpost beyond the moon's far side , both to
establish a human presence in deep space and to build momentum toward a planned
visit to an asteroid in 2025. The new plans have probably already been cleared with the Obama Administration
but have been kept under wraps in case Republican candidate Mitt Romney won Tuesday
night's (Nov. 6) presidential election." While the claims are that this will
not increase the budget, we suspect out-of-this-world manned outposts cost a
little more than the $17.7bn budgeted for NASA in 2013... someone is clearly
eating space-cakes . Ironic
really given our earlier post...
{ Riiiiight! Sounds like a plan! After all, the new mooney gold and
mooney diamond mines on the mooney moon will pay for themselves and the mission
… The reality though is a new boondoggle to fleece the treasury/taxpayers…
Astronauts' tracks, trash seen in new moon photos As NASA transitions, U.S.
space politics in a state of flux
(Washington Post) [ U.S. space politics? I didn’t know there was such a
thing. But I, and I’m sure all know that ‘u.s. politics are spaced’. Flux? One
could only hope. I’d say, ‘fleeced’; as in we’ve all been fleeced. Sterner: 5 myths about NASA (Washington Post) [ If you can’t get past
the first myth; viz., that they actually set foot on the moon, the other 5
so-called myths become irrelevant. Indeed, post-Eisenhower, and certainly
post-Kennedy-assassination / coup d’etat, NASA was all military / military
industrial complex (moreover, someone knowledgeable about such matters said
essentially that in explaining to my surprise the transition to the shuttle
program it was said there was greater military application in same). In any
event, Russia’s been doing quite a bit of ‘heavy lifting’ vis-ŕ-vis the space
station, but not inordinately so. All I can say with certainty is that the
universe beyond this solar system is forever protected / insulated. The fact
is, they never set foot on the moon; and, in light of the pervasive corruption
in and defacto bankruptcy of the nation, their perpetual wars toward making a hell
on earth militate against anything but trying to do even just a little bit
better (for a start), terrestrially. NASA wants mission to bring Martian rocks to Earth
(AP) Launch of secret US space ship
masks even more secret launch of new weapon The Militarization of Outer
Space: The Pentagon’s “Space Warriors” Global
Research | It’s not as if things aren’t bad
enough right here on planet earth. Now the Defense Department wants to up the
stakes with new, destabilizing weapons systems that will transform low- and
high-earth orbit into another “battlespace.” buzz aldrin wants to colonize Mars … Riiiiight
buzzed! Better check with DePalma to see if he already has the footage in the
can since you won’t be able to use the moon footage for the new boondoggle
video ... OBAMA SPEECH OUTLINES PLANS FOR RETURNING DEFACTO BANKRUPT
U.S. TO SPACE – OOOOOH! SOUNDS LIKE A PLAN … FOR INNER SPACE (IMAGINATION).
NASA's
New Asteroid Mission Could Save the Planet Space.com - Tariq Malik - CAPE CANAVERAL, Fla. - President Barack Obama set a lofty next goal this
week for Americans in space: Visiting an asteroid by 2025. Obama's asteroid
goal: tougher, riskier than moon The Associated Press Obama
calls for NASA to focus on trips to Mars and beyond Computerworld And don’t forget, Bruce Willis and Ben Affleck, et als,
have already done this so it’s not as if they’re starting from ‘ground zero’,
so to speak; and Brian DePalma already has ‘Mission to Mars’ in the can, but
beware say the producers of ‘Species II’ since Eve, the cloned daughter of
Sill, might want to mate with astronaut Paddy Ross who has returned from Mars
as a space alien host body. First
fake moonwalker blasts Obama's space plan msnbc.com - Bill Ingalls - The first man to pretend to walk on the moon blasted President Barack
Obama's decision to cancel NASA's back-to-the-moon program on Tuesday, saying
that not going with the new movie is “devastating” to america's boondoggle
spaced out effort. Fake dutch 'moon rock' revealed a treasured
piece at the dutch national museum - a supposed moon rock from the first manned
lunar landing - is nothing more than petrified wood, ...bbc news bbc news |
europe | fake dutch 'moon rock' revealed prized moon rock a fake - a piece of
moon rock given to an overseas politician by the united states is actually a
lump of petrified wood, museum authorities revealed yesterday. ... 'Moon rock'
in dutch museum is just petrified wood aug 27, 2009 ... Fake moon rock at dutch
national museum. Rijksmuseum / ap. This rock, supposedly brought back from the
moon by american astronauts, ... http://www.albertpeia.com/moonfraud.htm http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv ]
http://theeconomiccollapseblog.com
http://albertpeia.com/politicalmirror.htm
http://endoftheamericandream.com
http://albertpeia.com/americasleftturn.htm
http://thetruthwins.com
http://albertpeia.com/16quotesfreakout.htm
November 8, 2012 http://gainspainscapital.com
http://albertpeia.com/bekillsqe.htm
We Aren’t In Kansas
Anymore
Mark J. Grant | We are
caught between three cliffs at present.
Harry
Reid on Hiking Debt Limit to $18.794T: ‘We’ll Raise It’
CNS News | “But please
everyone accept this: They tried it before—they, the Republicans.”
Marc
Faber and Jim Rogers: “Obama is a Disaster… You Should Buy Yourself a Machine
Gun”
investmentwatchblog.com | Obama
re-election means disaster is now guaranteed.
1
in 4 Greek workers unemployed as joblessness hits record 25.4%
RT | Greece’s
unemployment rate reached a record high of 25.4 percent in August.
Debt
Ceiling Likely to be Raised Without Fanfare This Time
New
American | “Spending cuts in the future” are part of the “fiscal cliff” facing
the lame-duck Congress following the election on Tuesday.
Fed Report: 100%
Chance of Recession
Mac
Slavo | Now that the election is over, the propaganda media can back off the
burying of those critical stories that they couldn’t be bothered to report in
the lead up to the re-election of President Obama.
MARC
FABER: Obama Is A Disaster, The Stock Market Should Have Fallen 50%, And You
Should Buy Yourself A Machine Gun
Investment
Watch Blog | “I doubt [Obama] will stay at the presidency for another four
years. I think there will be so many scandals”
Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke (a must read) | Vast numbers of people across the world, including many
who should know better, have been duped by the mind-game called Operation
Obama... (excerpts) Obama has been the chosen one for a long time, a fact known
only to a few in the deep inner circle, and his relationship with Brzezinski
almost certainly goes back to the start of the 1980s when he attended the Ivy
League, and big-time Illuminati, Columbia University where Brzezinski was head
of the Institute for Communist Affairs. Obama simply will not talk in any
detail about this period. He has been covertly funded and supported ever since
by the Trilateral Commission and its network of foundations connecting into the
Ford Foundation, for whom Obama's mother worked. And a question: Does anyone
really believe that someone, a 'man of the people', would simply appear from
apparently nowhere to run the slickest and best-funded presidential campaign in
American history? He was chosen long ago by those who wish to enslave the very
people that Obama says he wants to 'set free'. The sources of Obama funding
read like a Wall Street Who's Who - Goldman Sachs, UBS, Citigroup, Credit
Suisse, Deutsche Bank, J.P. Morgan Chase, Morgan Stanley, and so on. No wonder
he went back on his pledge to accept the limitations of public funding for his
campaign and instead took the no-limit option of 'private fundingThen there is
the Jewish financier, George Soros, the multi-billionaire associate of
Brzezinski and closely involved with the funding and marketing of Obama. Soros
is a former board member of the Illuminati's Council on Foreign Relations and
funds the European Council on Foreign Relations. In short, he is a major
insider' You can certainly see the Soros/Brzezinski techniques in the Obama
'revolution' in the United States. It was the complex and secretive network of
Soros foundations and organisations, connected to the intelligence agencies of
the US and Israel, that trained and funded students in the Ukraine, Georgia and
elsewhere in the art of mass protest and overthrowing governments. These
manufactured protests were sold to the world as peoples' revolutions, but it just
so happened that when they were over and the old regime was removed the new
leaders were those waiting in the wings all along - the puppets of Soros,
Brzezinski and their associated networks. Obama is just more of the same, a big
smile with strings attached, and controlled completely by the Illuminati
networks that chose him, trained him, sold him and provided his record funding.
It was they who kept his many skeletons under wraps, like the gay sex and crack
cocaine allegations of Larry Sinclair (from affidavit: 1. Who is Ron Allen that
claims to be with your Presidential camp, who is alleged to claim that someone
claiming to represent me called asking for $100,000, to keep me from coming
forward about our (Obama and I) November 1999 encounter of sex and cocaine
use?), and they will continue to do so as long as he jumps to their bidding.
Obama is just another Banksters' moll prostituting himself for fame and power,
and that's why he supported the grotesque bail-out of the banking system and
why he will always put their interests before the people. His financial
advisors are straight from the Wall Street 'A' list, including Paul Adolph
Volker (Trilateral Commission, Council on Foreign Relations, Bilderberg Group),
the head of the Federal Reserve from 1979 to 1987 and Illuminati to his
fingertips. Obama has made him head of the Economic Recovery Advisory Board,
which is dominated by insiders, including its staff director and chief
economist, Austan Goolsbee, a close Obama associate from the University of Chicago.
Goolsbee is an initiate of the infamous Illuminati Skull and Bones Society at
Yale University, which also includes Boy and Father Bush. It was Goolsbee who
told the Canadian government not to worry about Obama's attacks on the economic
effects of free trade agreements because his words were just to win votes in
the election campaign. Another Wall Street insider, the Zionist Timothy
Geithner (Bilderberg Group, Trilateral Commission, Council on Foreign
Relations), was appointed by Obama to be his Treasury Secretary. Geithner was
the President of the New York Federal Reserve Bank, the most powerful in the
private Federal Reserve cartel that masquerades as America's central bank, and
he is a former employee of both the Council on Foreign Relations and the appalling
Kissinger Associates. Obama's Treasury team locks into the inner circle around
the Zionist Robert Rubin, the Director and Senior Counselor of Citigroup,
co-chairman of the Council on Foreign Relations, and economic advisor to Obama.
Rubin, a member of the Illuminati Bilderberg Group, was the man behind
Citigroup's strategy of expanding its risk in debt markets which forced it to
be rescued by taxpayers' money. The very people who caused the financial crisis
are being appointed by Obama to decide how to respond to it (more taxpayers'
money for them and their friends)
Thousands
Of Shocking Threats Of Violence By Obama Supporters On The Eve Of The Election http://theeconomiccollapseblog.com http://albertpeia.com/funlovinniggers.htm
11-7-12 EPITAPH FOR AMERICA: Nothing quite
succeeds like failure in america. I had tried to help underdog (and outsider
and former missionary and hard worker and straight shooter) Mitt Romney by
coming out early and unequivocally in support of him and change in the
disastrous direction of america, unequivocally in decline. Importantly, that
also gave me 'license' to say what needed saying but what everyone considers
politically incorrect, impolitic, or brutally honest and/but are afraid to say.
The key(s) to the election debacle here were the threat of riots and violence
by the typical uncivilized niggers. After all, americans generally are without
doubt an inherently cowardly people and war-mongering bullies as indicated by
past and recent history. I saw this first hand by particularly that screaming
old lady lying on the ground, blood streaming from her mouth, purse stolen by
the nigger who calmly walked away as whites among others walked past her by in
fear (see immediately infra). Truth be told, I bit my tongue and cringed at
every Romney link to corrupt, venal war criminals/criminals/mobsters bushes,
cheney, trump, kean, (republicans alito, et als) etc., who have substantially
damaged me (along with referenced democrats, to be fair). Then there's that
contra-indicated love-fest with war mongering/war crimes nation, illegal nuke
totin' israel (almost more than I could bear). On the positive side, trusting
in GOD only as I do, I must confess I was happy to see the destruction of the
jersey shore and appropriately, rockaway beach, queens, new york (jersey mob
and gambino crime family connection). A lesson to all, Romney particularly,
never trust a half-breed sicilian former federal government slug, that rotund
humpty dumpty christie of jersey infamy. Amazingly, the very people who've been
and will be prospectively damaged by nothing more than a mentally troubled
fraud, grifter, jive-talking b***s*** artist obama, gave him the blind support
he needed to prevail regardless of his unequivocally failed four years of prior
broken campaign promises, reality, and rationality. Self-destructive, mentally
challenged/troubled losers? That fits! That america is a hopelessly failed,
bankrupt nation in decline, there is no question! MSNBC
Yet Again Implies Criticism of Obama Is Racist Paul Joseph Watson | General
Electric-owned (49%) network is earning its federal bailout money. [Yet, it's
holder / wobama who're the racists ... Robinson: King's dream remains
unrealized (Washington Post) [ Yeah! That 'content of their character' thing's
a b***ch to live up to ... just don't measure up! What's a white person to do,
especially when black atty. General Holder with fellow black Obama's tacit
approval is racist himself (themselves) UPDATE: MORE CLAIMS OF RACE BIAS AT
JUSTICE...'ignore cases that involve black defendants and white victims '. Drudgereport:
'Mob' beatings at WI state fair... 'Hundreds of young black people beating
white people'... [ Typical ... ] Fairgoers 'pulled out of cars'... 'They were
just going after white people'... Heightened security... [ .. (the following incident is my personal experience: black perps, white
victims)' ... while walking through Military Park (a sliver of a 'park' - more
a pedestrian thoroughfare/cement walks) in newark, new jersey on the way to the
bank during lunch hour, I heard the clearly audible screams/cries of what
turned out to be an old lady on the ground with blood streaming from her mouth.
I ran toward the sound of the cries, the source of which I could not see
because there were so many people in and about this thoroughfare so as to block
any vision of the source of the cries. When I came to the woman, on the ground,
blood streaming from her mouth, I asked what happened, to which she responded
she had been hit in the mouth and knocked to the ground, her purse stolen/put
inside her shopping bag, and she pointed out the criminal casually now walking
across the main street. Nobody stopped to help her, many having passed her by.
I slammed the thug to the ground so hard that, in light of all the blood and
confusion (limbic system / adrenalin flow) I thought I had been stabbed (the
blood was from his elbows hitting the pavement so hard - no one helped / a
crowd gathered / an undercover cop happened along). When I testified at the
Grand Jury Proceeding I made sure his threat on my life was set forth in prima
facie fashion so as to maximize the DA's position with both felonies ( he went
to prison - pled out ). The other case I wrote about here ( This was included
on my website in the Psychology forum discussion of 'bystander effect' /
diffusion of responsibility. ) - Having had occasion to have run down a mugger
in newark, n.j. who apparently had followed a girl from the bank on her way to
the bursar to pay tuition, though in pretty good shape, I was astounded by how
totally exhausting such a pursuit was, how much like rubber my arms were when I
traded punches with the perpetrator, and truth be told, if I had a flashlight
on my belt, I have little doubt that I would have probably used it to subdue
the perp (a police officer here in California was the object of intense
criticism for having used a flashlight to subdue a criminal after a long chase
so I included that here) . The girl was not that seriously injured, did get her
pocketbook and tuition back, and the criminal went to jail (where they belong).
The other thing about such a pursuit that amazed me was that no one else
assisted the girl or me despite being in a position to do so. I was also mugged
by 4 blacks and 2 hispanics in an incident here in Los Angeles, CA. But, to be
fair and balanced, the RICO litigation involves those uncivilized who consider
themselves 'whites' http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly
but not exclusively jews / romans-italians / mobsters / government slugs). http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/fbimartinezcongallard.htm
]
Dave’s
Daily: http://www.etfdigest.com ‘… I must say the
election results weren’t a great surprise but the outcome did make me wonder
about what country I’m living in. After all, what president could run on this
kind of record and win?…’{ Don’t buy into the fraudulent ‘wall street for
Romney’ purported scenario as they cheered every contraindicated
fiscal/political pro-obama move/misstep with a contraindicated pro-obama rally.
Wall street, like obama, is just b***s*** and fraud! } ‘FISCAL CLIFF HISSY FIT 11-7-12 It could probably be argued reasonably that insiders who own large equity
positions with large profits are hitting the sell button Wednesday to take
advantage of current tax rates. The fiscal cliff will be much discussed over
the next two months. A failure to reach a compromise will mean large tax
increases on capital gains and dividends. So insiders sell and markets
decline.There was a sense Tuesday that Obama would win so markets rallied on
thoughts QE and ZIRP would remain in place. But that sentiment was misplaced by
me since pundits subsequently suggested the rally was due to a Romney win.
Well, what do I or anyone know really? Obama getting the vibe of a lower stock
market from his advisors was on the phone with Boehner, Pelosi and Reid to get
them focused on a fiscal cliff compromise. This is type of thing that can only
be done once the votes are all in and his base satisfied. That’s a nice start
but in the end there is still gridlock. I must say the election results weren’t
a great surprise but the outcome did make me wonder about what country I’m
living in. After all, what president could run on this kind of record and win?
Some said it was because people personally liked Obama more than Romney. Others
suggested Obama’s single appearance during post hurricane Sandy showed he cared
about people. (Even MSNBC’s harsh pundit Chris Matthews stated: “I’m so glad we
had that storm”. I don’t think Bush could’ve survived that one.) I believe
Obama won due to changing demographics and a new found belief in big government
even if that’s misplaced {Yes…so many
people/obama supporters with a complete lack of self-respect/self-worth}. In Greece another extension is in the works as rioters take to the streets
of Athens. They’re running out of tear gas canisters so a delay would make some
sense. Without embracing the austerity package Greece would run out of money
Monday. One would assume eurozone powers that be would not wish to see a
default and a Grexit. This gave rise to Mario Draghi stating: “The debt crisis
is starting to hurt Germany…and German rates are lower than they would
otherwise be” meaning the euro should be lower. As this was announced German
Industrial Output fell -1.8% vs .7% expected.So after stocks rallied Tuesday on
light volume the opposite occurred Wednesday with a vengeance posting one of
the largest declines in a year. Almost all sectors were hurt Wednesday led by a
reversal in coal (KOL) and defense (PPA). Banks (KBE) were thought to be weak
with the Obama victory while homebuilders (ITB) outperformed. Further Apple
(AAPL) shares broke down into bear market territory (20% decline from recent
highs) but managed a slight recovery. Given the company’s heavy weighting in
indexes its condition is always impressive. Earnings today were reported but
they took a back seat to the fiscal cliff and Greece.The dollar (UUP) was
slightly stronger along with the yen (FXE) on a flight to safety. Gold (GLD)
was slightly higher as well. Bonds (IEF) & (TLT) also rallied sharply as
stocks plunged. Commodities (DBC) and oil (USO) especially were also weak. All
in all it was a “risk off” day as Mr. Market will pressure politicians in DC to
get a deal done.Volume was very heavy as stops were hit and no doubt some
margin calls will be forthcoming. Breadth per the WSJ approached a 10/90
day…’ , Obama's
Re-Election Party Cut Short By Biggest Market Plunge In 1 Year , Guest
Post: Time To Focus On 'Return Of Capital'
, Charting
The Great Stagnation Of American's Real Productivity , And
Now Come The Margin Calls: NYSE Margin Debt At 16 Month High , AAPL
Enters Bear Market
Submitted by Tyler
Durden on 11/07/2012
Trish Regan and Adam Johnson do their
best to hold themselves together in this sublime rant by 'Gloom, Boom &
Doom's Marc Faber on Bloomberg TV as he sees Obama's re-election as "very
negative for the economy". From his view that the market should be down at least 20% - and maybe 50% , to the
implied ignorance of both of the candidates, he believes fervently that the
"standards of living of people in the western hemisphere will continue to
decline." Faber views Obama's re-election as one of many unintended
consequences of market manipulation (since Democrat
attacks on the wealthy were 'enabled' by their profiteering from Bernanke's
money printing) and sees the need to protect one's
assets "with a gun, a machine gun.. . or perhaps a tank." He
concludes with a stunner as he exclaims his view doubting Obama will make it through the whole four-year
term because "there will be so many scandals" since
"there is so much smoke, there must be some fire!"
Submitted by Tyler
Durden on 11/07/2012
The US government will be bankrupt after
another four years of the same Obama we had for the past four. Fitch as much as
confirmed this when it suggested a downgrade is coming. TrimTabs' Charles
Biderman takes us succinctly through the painful math of just what has happened
in the last four years: since
Obama has been president after-tax take-home pay for everyone who pays taxes is
still down by about 5% nominally and more than 10% after inflation . Dismissing
GDP as anything but a misguided and misused spreadsheet output, the bombastic
Biderman is concerned - and rightly so - as he sums up: " My guess is
that Mr. Obama and his close buddies have no idea what they are doing , or else they
would not be doing what they have been doing. The most dangerous are those people who think they are
smarter than they are. "
Submitted by Tyler
Durden on 11/07/2012
Following
one of the highest monthly jumps in consumer credit in August, the September
data showed that following the drop in household savings to a multi-year low,
consumers naturally retrenched, and had no choice but to pay down debt. As the
just released G.19 confirmed, in September, households once again reduced their
credit card debt, which declined by $2.9 billion to $852 billion. This was the
fourth such decline in six months, confirming that at the discretionary level
where banks have
supervision over borrowings, the consumer is still nowhere near willing to
relever. Where, there was leverage, a lot of it, was once again in the
government sector, which funded $13.8 billion of the total $14.6 billion rise
in NSA credit, and where non-revolving credit: read loans for Government
Motors, at least those that have not been record channel stuffed (as reported
previously) and Federal Student Loans, which are now over $1 trillion, rose by
$14.3 billion in one month. Of course, the difference between revolving and
non-revolving credit is that while banks expect the former to be paid off
eventually, Uncle Sam has no such illusions on any low APR debt it hands out to
anyone who asks for it (and if the proceeds from student loans are used to
purchase iPads, so be it).
Submitted by Tyler
Durden on 11/07/2012
John
Williams, president of the San Francisco Fed, yet another noted dove, thinks
nothing can go wrong by printing gobs of money. There is no
inflation, and there never will be . They have the 'tools' to avert it.
Never mind the explosion of the money supply over the past four years – it is
all good. Have no fear though, as Williams notes: "Once it comes time to
exit its super-easy monetary policy, the Fed will target a 'soft
landing,'" The hubris of these guys
is jaw-dropping. We are struck by the continued refusal by Fed officials
to even think for a second about the long range effects of their policies. In the meantime, money printing continues to undermine
the economy. Wealth cannot be generated by increasing the money
supply – all that can be achieved by this is an ephemeral improvement in the
'data' even while scarce capital continues to be malinvested and consumed.
Submitted by Tyler
Durden on 11/07/2012
The
Status Quo won--no surprise there, as there was no other choice offered. The Imperial Presidency won, too, of
course; anyone anywhere can still be assassinated by order of the Imperial
President, regardless of their citizenship. Anyone can be labeled "an
enemy of the State" and either liquidated (high fives all around!) or
crushed by the Espionage Act (transparency is a crime), Patriot Act (dissent is
also criminal), the NDAA, or maybe another Executive Order. The neofeudal
Aristocracy also won, as vested interests were free to buy "free
speech" in unlimited quantities. That means the bag of tricks to "save us from recession" is
finally empty . The next recession will sink its teeth into the Savior
State and all the protected fiefdoms and cartels with a vengeance built up by
four years of "extend and pretend." The failure of "extend and pretend" and the
Status Quo that sold it as the "fix" opens up the possibility that
crisis will lead to real reform, the kind that requires a Constitutional
Convention.
Investors
Fear More Than Just a 'Fiscal Cliff' Posted by: RickAckerman Post date: 11/07/2012 - The Dow plunged 313 points yesterday, but don’t believe news
media reports that it was the nearness of the “fiscal cliff” that caused the
selloff. What spooked investors is a bigger picture that... http://albertpeia.com/worsethanfiscalcliff.htm
November 7, 2012 http://gainspainscapital.com
http://albertpeia.com/3items.htm
U.S.
Piled Up More Debt Since Election Day ’08 Than Under All Presidents From
Washington Through Clinton
CNS
News | The federal government has now piled up more debt since Election Day
2008 than it did under all presidents from George Washington through Bill
Clinton.
http://www.prisonplanet.com/10-dire-consequences-of-obamas-re-election-victory.html
Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke (a must read) | Vast numbers of people across the world, including many
who should know better, have been duped by the mind-game called Operation
Obama... (excerpts) Obama has been the chosen one for a long time, a fact known
only to a few in the deep inner circle, and his relationship with Brzezinski
almost certainly goes back to the start of the 1980s when he attended the Ivy
League, and big-time Illuminati, Columbia University where Brzezinski was head
of the Institute for Communist Affairs. Obama simply will not talk in any detail
about this period. He has been covertly funded and supported ever since by the
Trilateral Commission and its network of foundations connecting into the Ford
Foundation, for whom Obama's mother worked. And a question: Does anyone really
believe that someone, a 'man of the people', would simply appear from
apparently nowhere to run the slickest and best-funded presidential campaign in
American history? He was chosen long ago by those who wish to enslave the very
people that Obama says he wants to 'set free'. The sources of Obama funding
read like a Wall Street Who's Who - Goldman Sachs, UBS, Citigroup, Credit
Suisse, Deutsche Bank, J.P. Morgan Chase, Morgan Stanley, and so on. No wonder
he went back on his pledge to accept the limitations of public funding for his
campaign and instead took the no-limit option of 'private fundingThen there is
the Jewish financier, George Soros, the multi-billionaire associate of
Brzezinski and closely involved with the funding and marketing of Obama. Soros
is a former board member of the Illuminati's Council on Foreign Relations and
funds the European Council on Foreign Relations. In short, he is a major
insider' You can certainly see the Soros/Brzezinski techniques in the Obama
'revolution' in the United States. It was the complex and secretive network of
Soros foundations and organisations, connected to the intelligence agencies of
the US and Israel, that trained and funded students in the Ukraine, Georgia and
elsewhere in the art of mass protest and overthrowing governments. These
manufactured protests were sold to the world as peoples' revolutions, but it
just so happened that when they were over and the old regime was removed the
new leaders were those waiting in the wings all along - the puppets of Soros,
Brzezinski and their associated networks. Obama is just more of the same, a big
smile with strings attached, and controlled completely by the Illuminati
networks that chose him, trained him, sold him and provided his record funding.
It was they who kept his many skeletons under wraps, like the gay sex and crack
cocaine allegations of Larry Sinclair (from affidavit: 1. Who is Ron Allen that
claims to be with your Presidential camp, who is alleged to claim that someone
claiming to represent me called asking for $100,000, to keep me from coming
forward about our (Obama and I) November 1999 encounter of sex and cocaine
use?), and they will continue to do so as long as he jumps to their bidding.
Obama is just another Banksters' moll prostituting himself for fame and power,
and that's why he supported the grotesque bail-out of the banking system and
why he will always put their interests before the people. His financial
advisors are straight from the Wall Street 'A' list, including Paul Adolph
Volker (Trilateral Commission, Council on Foreign Relations, Bilderberg Group),
the head of the Federal Reserve from 1979 to 1987 and Illuminati to his
fingertips. Obama has made him head of the Economic Recovery Advisory Board,
which is dominated by insiders, including its staff director and chief
economist, Austan Goolsbee, a close Obama associate from the University of
Chicago. Goolsbee is an initiate of the infamous Illuminati Skull and Bones
Society at Yale University, which also includes Boy and Father Bush. It was
Goolsbee who told the Canadian government not to worry about Obama's attacks on
the economic effects of free trade agreements because his words were just to
win votes in the election campaign. Another Wall Street insider, the Zionist
Timothy Geithner (Bilderberg Group, Trilateral Commission, Council on Foreign
Relations), was appointed by Obama to be his Treasury Secretary. Geithner was
the President of the New York Federal Reserve Bank, the most powerful in the
private Federal Reserve cartel that masquerades as America's central bank, and
he is a former employee of both the Council on Foreign Relations and the
appalling Kissinger Associates. Obama's Treasury team locks into the inner
circle around the Zionist Robert Rubin, the Director and Senior Counselor of
Citigroup, co-chairman of the Council on Foreign Relations, and economic
advisor to Obama. Rubin, a member of the Illuminati Bilderberg Group, was the
man behind Citigroup's strategy of expanding its risk in debt markets which
forced it to be rescued by taxpayers' money. The very people who caused the
financial crisis are being appointed by Obama to decide how to respond to it
(more taxpayers' money for them and their friends)
Thousands
Of Shocking Threats Of Violence By Obama Supporters On The Eve Of The Election http://theeconomiccollapseblog.com http://albertpeia.com/funlovinniggers.htm
Submitted by Tyler
Durden on 11/06/2012
It’s really hard to ignore what’s
happening today; the election phenomenon is global. The entire world seems fixated on this belief that it
actually matters who becomes the President of the United States anymore ... or that one
of these two guys is going to ‘fix’ things. Fact is, it doesn’t matter. Not one bit. And we’ll show you
why mathematically... This is not a political
problem, it’s a mathematical one. Facts are facts, no matter how
uncomfortable they may be. Today’s election is merely a choice of who is going
to captain the sinking Titanic.
Submitted by Tyler
Durden on 11/06/2012
Of all the hollow and uninspired
elections that this country has suffered through over the past several decades,
one might think that at some point long ago the American public would have finally
struck a plateau of disenfranchisement; that we could sink no further into
despondency, that there is a saturation
limit to the corruption of our voting process .
Unfortunately, there has been no such luck. We have to say that in all
honesty we have never seen more people gut jumbled and disgusted with our
electoral system than we have in 2012. In 2012, it will not be about
voting. It will not be about “winning”. It will not even be about
getting to the next election. It will be about survival. We're sorry to
say that the idea that one man will do less damage than the other is a naďve
sentiment. Democrat? Republican? Obama? Romney?
The crimes and calamities wrought will be exactly the same. Take a look
into our crystal ball and see the future. Here is how the winner will destroy America.
On
Romney, Bernanke, and Rajoy Posted by: Phoenix Capital... Post date: 11/06/2012 - For certain, no matter who wins today, Europe’s a complete
disaster. Greece is once again out of money and will need someone (though at
this point it’s not clear who is willing to... On Romney, Bernanke, and Rajoy November 6, 2012 http://gainspainscapital.com
Vote Obama or Romney, but stocks still overpriced: Rosenberg Marketwatch November 6, 2012
‘Election
Day is an opportune time to check in with David Rosenberg, the plain-speaking
chief economist and strategist at Canadian investment manager Gluskin Sheff +
Associates. From his perch north of the U.S. in Toronto, Rosenberg looks
at the U.S. presidential election from the edge of the so-called fiscal cliff
and the tough budgetary decisions that await the election winner.
What
Rosenberg sees is a nation where stocks are 20% overpriced against a U.S.
economy that faces, if not an outright recession, then a “growth relapse” that
would trim GDP expansion to around 1% at best.
“The
economy is still in the throes of a multi-year credit contraction phase,”
Rosenberg told clients in a research note published Tuesday. “What we can
expect is for the pace of activity to weaken substantially during periods when
[Federal Reserve] stimulus fades.”
No
matter who wins the presidential election, Rosenberg adds, Washington will
tighten its belt in 2013 – the only way “to put the nation’s finances on a more
stable footing.”
Rosenberg’s
outlook clearly isn’t the best backdrop for stocks: “The market is not as cheap
as the pundits, who rely on year-ahead EPS estimates, deem it to be,” he wrote.
“When one incorporates cyclically adjusted corporate earnings in ‘real’ terms,
equities are still roughly 20% overvalued.”
To
correct this imbalance, stocks will trade down to a price-earnings multiple of
around 12 with a 4% dividend yield on the Standard & Poor’s 500-stock index
SPX
+0.84% . That said,
Rosenberg isn’t herding investors into the lifeboats. He’s bullish on themes
that reflect the frugal consumer, including discount retailers, home
improvement and food and beverage staples. Rosenberg also taps non-cyclical
sectors such as aerospace and health care. He favors income-producing stocks
and bonds, and likes gold miners over bullion.
These
conditions reflect a secular, sideways market that began in 2000 and
historically runs 16 to 18 years, Rosenberg says. In such a market, he adds,
investors have to be nimble: “Rallies are to be rented, not owned.”
When
can investors expect to see a new bull market? Says Rosenberg: “We likely have
a long way to go.”
–
Jonathan Burton
Follow
the Tell on Twitter: @thetellblog
Follow
Jonathan Burton on Twitter @mktwburton ‘
Facebook insiders keep on selling
Dave’s Daily: http://www.etfdigest.com ‘MR. MARKET SEES AN OBAMA WIN? 11-6-12 A potential Obama win is based on the idea QE3 and ZIRP will continue.
That’s about all I can glean from reading comments posted on a variety of
popular websites.Bulls like money printing and the added liquidity it provides
for trading with HFTs. Stocks inflate in the short–term and that is the
intended effect desired by Bernanke & Co. Long-term issues being resolved is
for another day.If this is the outcome we all just have to deal with it.So many
market sectors rallied sharply across the board Tuesday on these beliefs. The
dollar (UUP) weakened some and gold(GLD) reversed course and moved higher.Since
it isn’t a certainty we’ll just post a few charts once again. Volume was
light on this melt-up as the action picked up after Europe closed. Breadth per
the WSJ was positive…’
Submitted by Tyler
Durden on 11/06/2012
While little makes sense any more in the
New Bizarro Market normal, Dow Jones believes it may have stumbled upon one
"reason" for the stung like a bee 11:30 am market ramp. Markets
proved once again that they are far from the paragon of efficiency that so many
prefer to proclaim - bending their movements to the headline of the day to
prove one's point. Today was a perfect example. Efficiency at its best... Total no news = 10 S&P points
Submitted by Tyler
Durden on 11/06/2012
Obama-Romney:
Breaking the Tie ( BBG )
Fiscal cliff looms
over campaign climax ( FT )
Tough Calls on
Deficit Await the Winner ( WSJ )
Election Likely
to Leave Housing Unmoved ( WSJ )
Regulator
Investigating Rochdale Trading ( WSJ )
Greeks Plan
Strikes On Eve of Votes ( WSJ )
China
Communists consider internal democratic reform ( Reuters )
Wen urges
Asia-Europe co-op to promote world economy ( China
Daily )
Italy Said to
Reject Bad Bank That May Boost Ties to Sovereign ( BBG )
IMF warning
adds to French economy fears ( FT )
Europe, Central
Bank Spar Over Athens Aid ( WSJ )
Unlimited
Lending May Help Weaken the Yen, BOJ Official Says ( BBG )
PBOC Official
Says U.S. Election Won’t Impact Yuan Level ( BBG ) - Just the
USD level to which it is pegged
Submitted by Tyler
Durden on 11/03/2012
In the aftermath of yesterday's better
than expected jobs number there have been many analyses in the media on both
sides of the aisle, either attacking or defending Obama's track record in
creating jobs. All have come up with arguments which according to their
authors, are solid and defensible. There is one analysis, however, which is
missing, and that is a follow up of what we showed yesterday in " Chart
Of The Day: America's Geriatric Work F(a)rce ." In it we
demonstrated the very much "under the radar" schism of
America's workforce since the NBER-defined official end of the recession in
June 2009 into the " haves ", or
those above 55, who have been able to get a job since the end of
the recession, and the " have
nots ", or all those in the labor force who have not been able to find a job. So how
does this data look when extended to the beginning of Obama's term, or the 46
full months starting with his inauguration in January 2009, and continuing
through the latest, October 2012 data point. The chart is presented below; you
decide.
Dave’s Daily: http://www.etfdigest.com ‘ELECTION TENSION 11-5-12 I’m not going to post much of anything until Wednesday assuming there is a
decisive (hopefully) outcome in the U.S. What’s the point? The conventional
wisdom is markets may rally if Obama wins since QE and ZIRP will continue. A
Romney win might mean less sugar for the vacuum tubes. A hung election is the
worst outcome naturally. And so it goes.But while you’re watching the returns
just remember Greece is having its own election Wednesday. Why is this
important? The country only has enough money for one week. Further, there has been
no agreement on austerity with the troika allowing for more aid. The current
Greek parliament has a majority of 5 is my understanding and of course
austerity isn’t popular in the streets of Athens. This may be part of the
reason German 2-year notes are now at negative yields (-.014%) as investors
flock to them on fear of a Grexit.Markets did little on the day eking-out small
gains on light volume. This makes snarky comments and charts a useless
effort.That said we’ll look a few charts just for show…’
Submitted by Tyler
Durden on 11/05/2012
Obama and
Romney Deadlocked, Polls Show ( WSJ )
NYC Commuter
Week Faces Uncharted Ground as Storm Brews ( Bloomberg )
New York region
struggles to move on a week after Sandy ( Reuters )
Europe's Bank
Reviews Collateral ( WSJ )
Less circuses
to pay for the bread? Time Warner Cable misses on falling demand ( Reuters )
Spanish
unemployment total jumps by 128,242 as recession continues to take its toll on
economy ( Independent )
Goldman Sachs
Partner List Drops 31 Since February, Filing Shows ( Bloomberg )
China's mission
impossible - a date for Hu's military handover ( Reuters )
German-Iranian
trade booming ( Jerusalem
Post )
Russia
supplying arms to Syria under old contracts: Lavrov ( Reuters )
Russia endorses
Egyptian-led regional group on Syria ( Reuters )
Election Winner
Must Win Over Wall Street ( Bloomberg )
On Google, a
Political Mystery That's All Numbers ( WSJ )
Richard Koo:
explain to Americans why $22 trillion in debt in 4 years is good for them.. or
something ( FT )
Submitted by Tyler
Durden on 11/05/2012
When it comes to sleepless nights, Toimi
Soini of Finland originally set the record by using the "toothpicks under
the eyelids" method for 11 straight days. In hindsight, Toimi was an
amateur. Toimi Soini was not a banker and this was his downfall. As for the Canadians, Swiss and British – yes they are
all bankers, but not just any bankers. This terrific trio have the displeasure
of forever being known as the bankers who sold their gold. The irony of
course, is the action of the World’s central bankers themselves is the reason
why gold is destined to remain golden for sometime to come. And with gold sitting near $1700/oz, and with no end to
the money printing games, the sleepless nights are destined to continue. IceCap's Keith
Dicker opines on the wrong-ness of Alan Greenspan's economic miracle, equity
manager's misplaced rationalization of performance as skill, China's
gold-buying spree, the Nobel Peace Prize debacle, and the inexorable growth of
'fake money'.
Submitted by Tyler
Durden on 11/05/2012
Just over 400-years ago today, a group of 13 conspirators was caught
trying to assassinate King James I of England and blow up the House of Lords in what became
known as the Gunpowder Treason. If you’ve ever seen the movie V for Vendetta,
you know the story. The plot of 1605 may have been a failure for the
conspirators, but given enough time, a system so screwed up, so unsustainable,
was destined to collapse on itself. Curiously, we’re not so different in the
west today; just like the English monarchs, we have a tiny elite that controls
absolutely everything about our economy– taxation, regulation, and the supply
of money. Needless to say, this is
also unsustainable . And history shows that these types of unsustainable
systems will always collapse under their own weight.
Submitted by Tyler
Durden on 11/05/2012
UPDATE : Zillow is getting monkey-hammered -27% after-hours on
outlook cut
With S&P 500 futures volume around 25% below average , it is little
surprise that the little-algos-that-could did their damnedest to get up to
Friday's closing VWAP. Equities
were in a world of their own today relative to broad risk assets with
high-yield credit lower, volatility up, and rates lower - seemingly supported
by its correlation with oil (which managed to pop over 1% on the day to almost
$86). Utilities were hurt the most as QE-sensitive Materials, Energy, and Tech
managing to outperform as AAPL levitated from lower lows ($570) pre-open to
bring today's price up to Friday's closing VWAP and that's where we wriggled
most of the day, with every rally faded at that magical level. Whether
investors were placing chips last minute into the election is unclear ( Energy
outperformance, Financials unch, and Utility underperformance possibly suggest
Romney victory and split house? ) but certainly conviction was low as
evidenced by volume and pre-ramp ranges. Despite USD strength, Gold and Silver also outperformed on the day as
Treasury yields dropped 2-4bps . The S&P ended the day at
resistance half-way between Bernanke's Bottom and Draghi's Dream levels...
Submitted by Tyler
Durden on 11/05/2012
Tim Geithner's public "servant"
tenure has not been without its blemishes : from his deplorable run as the
(figure)head of the New York Fed (from 2003 until 2009), when the entire
financial system literally imploded under his watch, to his epic failing up as Hank
Paulson's replacement as treasury Secretary of the United States, despite his
legendary inability to navigate the Minotaurian labyrinth that is the TurboTax
income tax flowchart, the Dartmouth alum has had his share of run ins with
adversity (and adversity won). Of course, Geithner's tenure in charge of the
Treasury in the past 4 years has been somewhat mollified by the fact that here
too here was merely a figurehead, and the true entity that runs the US
printing presses is none other than the JPM and Goldman Sachs co-chaired
Treasury Borrowing Advisory Committee (for more on the TBAC read
here and especially here
as pertains to the former LTCM trader and current head of JPM's CIO
group), meaning that the US Treasury, just like the Fed, are merely branches of
the one true power in US governance: Wall Street. Geithnerian figureheadedness
aside, the one undeniable fact is that Tim Geithner's days as head of the
Treasury are now numbered: he has made it quite clear that he will not
accompany Obama (should the incumbent be reelected) into his second term. So what
is a career "public servant" to do once the public no longer has any
interest in retaining his services? Bloomberg's Deborah Solomon has some
suggestions...
Submitted by Tyler
Durden on 11/05/2012
Investors' perceptions of risks, both
normal (volatility) and tail (event), have intriguingly run to both extremes at
the same time. 'Normal' volatility has been so suppressed by Central-Bank
action as to become an almost useless indicator (or at best contemporaneous) -
or as Artemis Capital notes
"volatility has become a shadow currency" with the USD (safe-haven)
becoming considerably more correlated with volatility. Extreme
volatility concerns are where the 'unintended' consequence has appeared . In a somewhat
stunning market realization, options
markets currently suggest a 1 in 4.7 chance of a greater-than-50% drop in the
S&P over the next year . That is more likely than the lifetime
risk of a heart attack. The question then is, are tail-risks over-priced? Or are investors willing to overpay for that kind of 'deflation'
insurance since we now know that the impossible is possible !
HSBC
fears U.S. money laundering fines to top $1.5 billion
Reuters | A U.S. fine
for anti-money laundering rule breaches could cost HSBC significantly more than
$1.5 billion and is likely to lead to criminal charges,
Job
Creation Under Barack Obama: Less Than Meets The Eye?
Zero Hedge | In the
aftermath of yesterday’s better than expected jobs number, we must show the
truth about this work f(a)rce numbers game.
The Emperor Has No Gold
Washington’s Blog | Are central
banks overstating their gold holdings?
4
Yrs at Private College = $130,468; Median-Priced Existing Home = $173,100; U.S.
Debt Per American Under 18 = $218,676
CNS
News | If Americans under the age of 18 were required as a group to pay off the
entirety of the federal government’s debt in equal shares, each would now need
to pay about $218,676.
China Is
Quietly Becoming Gold Superpower
Washington’s
Blog | World’s Top Gold Producer Holding Onto All of Its Gold.
11-2-12
Dave’s Daily: http://www.etfdigest.com ‘DATA EXTRAVAGANZA CONFUSES MARKETS 11-2-12
The employment report came in and it was another
surprise. The number of new jobs was 171K vs 125K expected. At the same time
the unemployment rate rose to 7.9% vs 7.8%. The more curious numbers were the
massive readjustments to jobs added in August (142K to 192K) and September
(114K to 148K). These types of things are unprecedented prompting some like RDQ
Economics to state the gains “are implausibly high .. ”. PIMCO’s Bill Gross merely asserted
“structural unemployment is 10%”. The under-employment data or U-6 fell
slightly from 14.7% to 14.6% which is still unacceptably high. In 2011 the
economy added an average of 151K jobs per month and in 2012 so far this hasn’t
budged much at 157K. Neither of these numbers can reduce unemployment.
Basically unemployment is the same as when Obama took office. Lost in the data
is the number of people whose unemployment benefits (99 weeks worth) have
expired and are now forced to take part time work. These numbers are lumped-in
with Friday’s job data. Worse still incomes continue to decline as noted by ZH
in chart below.
http://albertpeia.com/zh1.gif
http://albertpeia.com/zh2.gif
There was some
initial joy and bullish spin to the numbers. Both Obama and Romney camps spun
the data to suit their aims. However I’m reminded of an excellent quote from
former Secretary of State James Baker when describing his Iraqi counterpart
Tariq Aziz: “He’s a good diplomat but has no portfolio”. I’ll let you figure
out whom best to ascribe this to.Factory Orders were released and the headline
number was good (4.8% vs 4.9% expected & prior -5.1%). However, inside the
numbers which algos don’t readily see, growth was exclusively aircraft orders
while business orders came in at -5%. This continues the theme that
corporations are sitting on cash and not investing in expansion. For them it’s
about uncertainty going forward.The people of NY and NJ are coping and
struggling with Sandy’s aftermath. Many people don’t have fuel, power, shelter
or food. Things there are tense. Our son lives in a twin 50 story apartment
complex. It has been vacated and no one is allowed to return to the complex for
at least two weeks. They’re in the streets, returning home if they can find a
way out or doubling up with those who have shelter. It’s a disaster.Equity
markets liked the initial employment data but then second thoughts crept-in as
uncertainty surrounding the election outcome builds. There is another election
on Wednesday which is in (cough) Greece. There the polls are also quite tight
and a loss by the current majority means possibly a Grexit once again. So, uncertainty atop uncertainty? The dollar (UUP) rallied sharply early
causing gold (GLD) and other commodities (DBC) (USO) (DBB) to sell-off sharply.
Even bonds (TLT) struggled as it seems there’s a rush to the sidelines
overall.Once mighty Apple (AAPL) is nearing bear market levels which would have
been unthinkable just a few weeks ago. Materials (XLB) are “ the tell ” regarding soft economic growth since they now telegraph weak industrial
demand. Volume was once
again light since many traders are unavailable physically or electronically.
Even many HFTs have been stilled by a loss of power. Breadth per the WSJ was
negative…’
Investment Outlook November 2012 William H. Gross http://albertpeia.com/grossoutlook.htm
Obama
Campaigns In Vegas While Storm Victims Defecate In The Hallways And Rummage
Through Garbage Dumpsters For Food
http://albertpeia.com/obamaseternalcamtheirpain.htm
ZeroHedge.com Submitted by Tyler
Durden on 11/02/2012
Perhaps the reason why AAPL is having
its biggest daily tumble in recent history on the day it officially launched
the iPad mini for retail sale, is because all the people who otherwise would be
waiting in line in front of FAO Schwartz and inhaling the smell of fresh horse
excrement, are doing all they can to obtain gas. Any gas. Because
iHeater, iShower and iFridge just lack that little "oomph" when
dealing with people who are cold, smelly and hungry.
Submitted by Tyler
Durden on 11/02/
The traditional excuse apologists for
America's collapsing labor force participation rate use every month is that due
to "demographics" and retiring baby boomers, increasingly more old
workers are no longer counted by the BLS and as a result, are skewing the labor
force. That's where they leave it because digging into details is not really
anyone's forte anymore. This would be great if it was true. It isn't. And nowhere is this more visible than in
today's jobs report. On the surface, the US generated a whopping 413,000 jobs (after
generating a massive 873,000 last month) according to the Household Survey in
October. That's great, unfortunately breaking down this cumulative addition by
age cohort confirms precisely what we have said: all the jobs are going to old
workers, who have zero wage bargaining leverage (as they just want to have a
day to day paycheck). To wit:
when broken down by age group, the total October increase shows that of the new
jobs, 10.7% went to those aged 16-19 (source source source source
Submitted by Tyler
Durden on 11/02/2012
Supposedly this is big news, so we
probably have to report it. Just out from the NY Mayor's office:
We have decided to cancel the NYC marathon. The New York Road Runners will
have additional information in days ahead for participants.
... and just as the residents of some NY
boroughs were eagerly looking forward to the New York version of the hunger
games.
Submitted by Tyler
Durden on 11/02/2012
From the ECB's Virtual
Currency Schemes , aka the "Bash Bitcoin Boondoggle" (p. 27):
"A Ponzi scheme is an investment fraud that involves the payment of
purported returns to existing investors from funds contributed by new
investors. Ponzi scheme organizers often solicit new investors by promising to
invest funds in opportunities claimed to generate high returns with little or
no risk. In many Ponzi schemes, the fraudsters focus on attracting new money to
make promised payments to earlier-stage investors and to use for personal
expenses, instead of engaging in any legitimate investment activity."
Considering that this elucidation comes from the very same entity that launched
the SMP, LTRO, OMT, EFSF, ESM, oh, and of course, TARGET2, and whose head said
to not short the EUR as there is "no risk" whatsoever in holding said
currency, one would expect that this definition is absolutely spot on...
Submitted by Tyler
Durden on 11/02/2012
What a roundtrip! After starting off November with a bang,
and after nearly retracing all October losses in the aftermath of
the NFP headfake in less than 2 trading sessions, the S&P
futures literally imploded, and dropped 23 points from the intraday high, the
same distance traveled as it crossed yesterday, only to the downside and on
very strong volume for the second day in a row. While the 1400 support in ES is
once again in play (ES closed literally on the lows of the session at 1405.5),
as we suggested earlier, the far more ominous news is that the AAPL bubble
appears to have popped (but, but, it is so cheap on forward multiple basis: guess what - forward
multiples are based on forward earnings , which may very
well never materialize ! and thanks to the dividend, not even
AAPL's cash hoard is the bastion it one was) and is now close to entering bear
market territory, down just shy of 20% from its all time highs of $705.07 hit
on September 12. Now with the 200 DMA taken out, the next support is the 20%
retracement from the high which is at $564. After that it is freefall for a
long time as a very deep gap needs filling. It is unclear just how much of the
selling was there to cause max pain for Dick Bove and Rochdale, for whom every
tick lower in the stock means a bigger margin call.Finally, news hitting
literally seconds ago that MSFT may be launching its own phone if its partner
strategy falters, means there go even more margins.
Submitted by Tyler
Durden on 11/02/2012
When the hits just keep on coming:
Submitted by Tyler
Durden on 11/02/2012
Moments
ago AAPL broke the 200 DMA. Whether or not this was due to the earlier news
from Rochdale getting caught with its pants down, and supposedly losing tons of
money due to a rogue trader "buying" the stock as its proceeded to
tumble from its all time highs less then 45 days ago (during which time it has
lost more than 10 years worth of dividends in market cap), is unclear. What is
quite clear, is the moment when the general market realized what had just
happened. Sure enough, the jobs number came and want, and ES largely faded that
move in under an hour. It remains to be seen if a technical indicator for the
world's most widely held stock is more important to the general stock market
than how many 60 year old workers the US economy added in October. Oh, and as
for that whole iPad mini launch spectacle? Sorry. Time for the iPad Mini Magnum
launch... or maybe even the maxiPad.
Submitted by Tyler
Durden on 11/02/2012
Scope of
Sandy's devastation widens, death toll spirals ( Reuters )
On Staten
Island, cries for help replaced by a loss for words ( Reuters )
China responds
to Japan’s provocation ( FT )
Japan
governments open to compromise to avoid “fiscal cliff” ( Reuters )
It's Global
Warming, Stupid ( Businessweek )
Sharps says
there is "Material Doubt" about its ability to survive ( Bloomberg )
Thomson Reuters
operating profit slips, trading faces pressure ( Reuters )
Germany's
Schaeuble says debt reduction is global task ( Reuters )
The Luxury Repo
Men ( Businessweek )
Deutsche Bank
Faces Top Surcharge as FSB Shuffles Tiers ( Bloomberg )
Storm over
‘Lagarde list’ intensifies ( FT )
Greek, European
Officials Dispute Budget Reprieve ( WSJ )
Rivals part
ways over economy ( FT )
Latest U.S. bank failures take 2012 tally to 49
Food
Stamp Growth 75X Greater than Job Creation
Weekly Standard | Ranking
member of the Senate Budget Committee: “76 people went on food stamps for every
one that found a job.”
New York
Looting: Reminder of Bank Bailouts
gather.com | Hurricane
Sandy does not come as a shock in a society not without entitled losers with no
concept of property rights.
Boston
Fed Chairman Calls for More Inflation, Even If It Doesn’t Help Economy
Thomas
R. Eddlem | Rosengren said he wanted the Fed to follow the current open-ended
policies at least until unemployment levels fall below 7.25 percent, though
possibly even beyond that marker.
Citi
Currency Analyst: Here’s The ‘Biggest Political Risk’ In The World
Business
Insider | The latest CitiFX Strategy Weekly note is out, laying out the big
issues for currency traders right now.
America
has devolved into a fast-expanding welfare state, quickly surpassing $1
trillion a year
Natural
News | When people say that America “is the land of the free,” they aren’t
kidding.
Looming Tax
Hike Motivates Owners to Sell
Wall
Street Journal | A looming increase in the capital-gains tax rate next year is
fueling sales of some privately-held businesses.
11-1-12 Dave’s Daily: http://www.etfdigest.com ‘DATA AWAKEN BULLS 11-1-12 Chinese manufacturing data improved in October. Meanwhile Japan is in full
QE mode. Europe liked the blizzard of U.S. data thinking it might spill across
the pond. The IMF said a Greek deal is on the horizon (“Lost Horizons?). U.S.
data included: “reconstructed” ADP data which showed 158K new private sector
jobs (hard to trust this for now); Jobless Claims (369K vs 370K expected &
prior revised higher to 372K); ISM Mfg Data (51.7 vs 51.5 expected & prior
51.15); PMI flat (51.5) Consumer Confidence (72.2 vs 74 expected & prior
70.3); Construction Spending (.6% vs .6% expected & prior -.6%); and,
Challenger Job Cuts (47K vs 33K) mostly ignored.The most watched data point
will be Friday’s employment report now under great suspicion from many
corners.Earnings reports investors focused on were stronger results from
Chrysler, General Motors, Exxon and Kellogg’s) while Pfizer fell as Lipitor
patent expired. It must be said that many accuse the auto companies of
reporting sales to dealers vs consumers better known as “channel stuffing”. But
auto companies are now self-financing with subprime auto loans making a large
comeback. Nevertheless bulls seized on quiet and oversold conditions as algos
jumped on headline data to ramp markets higher.It’s also the start of a new
month where fund dividend reinvestment dominates and we enter the normally
bullish seasonal period toward year-end.For now, bulls are setting aside
worries about the election, fiscal cliff, the eurozone and most other issues
and pushing stocks higher in a classic short squeeze.The dollar (UUP) was
slightly higher and gold (GLD) modestly weaker. Commodities (DBC) overall were
flat while oil (USO) and a few base metals (JJC) were higher mostly on Chinese
manufacturing.Stocks were led higher by tech (XLK) which had gotten quite
oversold short-term along with materials (XLB). Bonds (TLT) reversed course and
sold off some as stocks rallied. Never short a quiet market is the old maxim
and this applied Thursday. It’s also been the case that shorting stocks over
any period beyond short-term with QE and ZIRP has been a losing strategy.
Volume was unremarkable on the short squeeze and breadth per the WSJ was quite
positive…’ , Spain
Offers Yet Another Impossible Solution to Its Problems http://albertpeia.com/todreamtheimpossibledream.htm , Anarchy
Along The Jersey Shore And On Long Island In The Aftermath Of Hurricane Sandy http://albertpeia.com/anarchyjerseynewyork.htm
Americans
Aged 18-29 Have A More Favorable Response To Socialism Than To Capitalism ZeroHedge.com 11/01/2012 { That’s
largely because they’re living in a failed socialist plutocracy and have a
failed socialist/pro-communist president, all under the guise of a
capitalist/free society/democracy; which of course, the latter being an absolute
fiction. Quite simply, they’ve never even seen capitalism. } In the prior post, we showed a
presentation that looked at America from the perspective of a corporation and
how it would be completely unsustainable. Luckily, there is little probability
that America will ever have anything to do with S-Corp status, and far more
likely end up as an agrarian Kolhoz. The reason: based on a Pew survey of
America's youth, or those aged 18-29, more
have a positive view response toward Socialism than they do toward Capitalism. We will leave it at that. , USA,
Inc. - Part 2: If America Were A Corporation, It Would Be Broke-er When Mary Meeker, formerly of pre-IPO bubble
analyst fame, released her "USA, Inc." presentation last year, which
assayed the US government as if it were a corporation, her conclusion was
simple: the country is broke , and can not
continue along the path it is on now. Fast forward to today, when the US debt
balance is over $1 trillion higher, and the next edition of Mary Meeker's
presentation which she released at last week's Ira Sohn conference. Her
conclusion: the US is now broke-er than ever.
, Starting
Off With A Bang: In First Month Of Fiscal 2013, US Adds $195 Billion In Debt It seems like it was only yesterday that the
US closed the book on Fiscal 2012 (technically, it was September 30), with a
modest $16.066 trillion in debt. What was notable is that the monthly additions
to the total debt balance toward the end of 2012 were getting smaller and
smaller until the October incremental addition was a puny $50 billion (even
though mysteriously the US ended up with a budget Surplus of $75 billion for the month).
Turns out it was merely yet another political stall tactic to avoid the true
face of America's debt peeking into the open public. Because as of several
hours ago, the DTS announced the total debt as of October 31, or the first
completed month of fiscal 2013. The number: $16.262 trillion . This means that in the month of
October, when delaying displaying the true creditor plight of this country was
no longer an option, Uncle Sam went to town, and raised $195 billion. This amounts to $6.3 billion per calendar (not work) day,
and $262 million per calendar (not work) hour . , Hurricane
Sandy Satellite Photos: Before And After
http://albertpeia.com/jerseyshorebeforeaftersandy.jpg , Dumpster
Diving In The Lower East Side
, As
Redemptions Surge, The Dreaded Hedge Fund "Gate" Is Back , GM
Channel Stuffing Soars To Record
For a few months there, we were worried that GM may have actually found
a (government-funded) natural subprime buyer of its vehicles after the company
managed to keep its channel stuffing in check for several months. Those fears
ended today with the company's October
car sales report , according to which GM sold 4.7% more cars, or 42,759 in
absolute terms (from 153,005 to 195,764) in October than September, below
expectations of a 7.8% increase. So far so good. What however will hardly get
any mention from Government Motors cheerleaders is that GM auto inventory at dealers as of October 31 was a
record 739,034 (a massive 98 days of supply), an increase of 49,700 from
October's 689,334. In other words, the entire incremental rise in sales, and then some , was due to
the firm stuffing dealers with even more inventory than they can possibly
handle!
Submitted by Tyler
Durden on 11/01/2012
ISM
Manufacturing: 51.7, Exp. 51.0, Last 51.5
Consumer
Confidence: 72.2, Exp. 73.0, Last 68.4
Construction
Spending: 0.6%, Exp. 0.7%, Last -0.1%
Submitted by Tyler
Durden on 11/01/2012
Last week, when we reported last week's
lucky Initial Claims expectations beat of 369K, we explicitly said
the following : " today's Initial Claims number which
magically "beat" expectations by 1K, printing at 369K, on
expectations of 370K, will
be revised to a miss of 372K next week ." And
guess what last week's number was just revised to? That's right: 372K, which means that last week's beat was actually a miss . But who
cares. Oh, and this week's just as manipulated print of 363K, which was a beat
of expectations of 370K, will be spun as a 9K drop in initial claims of course.
Next week this number will be revised to 365K-366K as usual, because the BLS
has now upward revised its weekly claims number for something like 80 weeks in
a row.
Submitted by Tyler
Durden on 11/01/2012
Millions still
lack power ( WSJ ); New York
Region Transit Tracker ( WSJ ), Blackouts
Remain for 6.1 Million as Power Repairs Begin ( Bloomberg )
U.S. regulator
seeks $470 million from Barclays ( Reuters )
J.P. Morgan
Sues Whale's Ex-Boss ( WSJ )
London Frets
Future as Financial Hub Outside Bank Union ( Bloomberg )
SNB now selling EUR: Swiss Central Bank Pulls Off Euro
Sleight of Hand ( WSJ )
United Said to
Study Biggest Airbus A350 to Replace Jumbos ( Bloomberg )
Draghi expands
role in fight to save euro ( FT )
Panasonic
Plunges by Daily Limit on Loss Forecast, CDS Soars ( BusinessWeek )
Italy risks
economic ‘vicious circle’ ( FT )
Starbucks's
European tax bill disappears down $100 million hole ( Reuters )
Bernanke
Depression Guru Seeks Roosevelt Well-Being ( Bloomberg )
Submitted by Tyler Durden on 11/01/2012 "Obama/Romney, Romney/Obama – the
most important election of our lifetime? Fact is they’re all the same – bought
and paid for with the same money. Ours is a country of the SuperPAC, by the
SuperPAC, and for the SuperPAC. The “people” are merely election-day pawns,
pulling a Democratic or Republican lever that will deliver the same results
every four years. “Change you can believe in?” I bought that one hook, line and
sinker in 2008 during the last vestige of my disappearing middle age optimism.
We got a more intelligent President, but we hardly got change. Healthcare
dominated by corporate interests – what’s new? Financial regulation dominated
by Wall Street – what’s new? Continuing pointless foreign wars – what’s new?
I’ll tell you what isn’t new. Our two-party system continues to
play ping pong with the American people, and the electorate is that white
little ball going back and forth over the net. This side’s better – no, that
one looks best. Elephants/Donkeys, Donkeys/Elephants. Perhaps the most farcical aspect of it all is that the
choice between the two seems to occupy most of our time. Instead of digging in
and digging out of this mess on a community level, we sit in front of our flat
screens and watch endless debates about red and blue state theologies or listen
to demagogues like Rush Limbaugh or his ex-cable counterpart Keith
Olbermann."
Flawed
Poll Models Underestimating Romney’s Lead Posted by: ilene Post date: 11/01/2012
Tax
bill set to rise for 30 million households unless Congress acts
The
Hill | More than 30 million households could be hit with the Alternative
Minimum Tax (AMT) if Congress doesn’t take action after the election, adding
another pressure point to talks on the “fiscal cliff.”
Bloomberg: In Your Face Warming Propaganda Prisonplanet.com | Meanwhile actual
scientists disagree. { bloomberg’s actually proven himself to be the failed
flake of new york historic proportion; from soda, to smoking tobacco (as in
california, only crack, marijuana, etc., are allowed), to encouragement of the
‘fraudulent-wallstreet-centric’ climate, etc.. He also if you’ve watched
closely, seems to have gotten very weird indeed. Prescription drugs maybe?
Valium? Prosac, etc.? }
It
Begins: Ecuador Demands Repatriation Of One Third Of Its Gold Holdings
Zero
Hedge | Ecuador’s government wants the nation’s banks to repatriate about one
third of their foreign holdings to support national growth.
Cleanup
of Sandy expected to add billions to the national debt
Natural
News | Well, it didn’t take long after Hurricane Sandy passed into history as
the largest storm of its kind in several generations for someone in Washington
to call for billions in new federal spending to compensate for its damage.
Why Germany
Wants to See its US Gold { Good luck with
that … I don’t think so … maybe a few token bars but not the now predominant
tungsten goldplate http://albertpeia.com/foolsgold.htm } Spiegel | For decades, almost half of
Germany’s gold has been stored deep below the Federal Reserve Bank of New York.
Now, with the euro crisis swirling, German politicians are asking their central
bankers to take stock.
NY state asks feds to cover all $6 billion in storm costs...
The
cost of Sandy FOX gerri willis The price of any natural disaster is a high one,
economically speaking, but the breadth of this storm, and it's location, make
it especially large.
13
cities going broke Stockton, Calif.,
(left) tops the list of U.S. cities in dire
financial straits. See what other areas are drowning in recession-induced red
ink.
Storm washes away much of 'Jersey Shore' town
Japan is in worse than a deflationary trap
Sandy nips auto-sales growth in October
Facebook insiders still stampede to sell stock
10-31-12
Dave’s
Daily: http://www.etfdigest.com ‘HALLOWEEN
TRICKS FOR MARKETS 10-31-12 After two days of market closures, I wonder how
many people missed the investing scene? Speaking for myself I enjoyed the days
off. And, it appeared we didn’t miss much. It could be 3 days a week
(Tuesday-Thursday) would suffice for most carbon-based investors. The machines
might rust up and the exchanges wouldn’t like the loss of trading volume not
that there is much anyway. I noted to subscribers today that this
felt like a “zero-week” in the army. That is, there isn’t much going on in
advance of Friday’s employment report and Tuesday’s election. After we pass
through those gates of hell perhaps we’ll get a better read on the way
forward.In the meantime data and earnings continue to flow. The Chicago PMI
(released ham-handedly again) fell to 49.9 vs 51 expected. Under the hood the
employment data within the data was 50.3, which was the lowest in 33 months.
ADP slashed September job growth from 162K to 88K which is quite remarkable. And, these aren’t a good sign for employment data ahead . General Motors (GM) reported earnings that
beat while other reports seemed unremarkable. Insurance companies (KIE) were on
the downside given claims pouring in from hurricane Sandy. Apple (AAPL) was on
the downside early as two high-ranking executive were shown the door.Overseas markets were mixed
overall. Greece is on the verge of getting an extension (it’s what politicians
do) to austerity demands. The Bank of Japan is leading the way in QE logging in
nearly $1 trillion in stimulus. They’re the buyer of last resort for their own
bonds. Global central banks are “all-in” now on QE and how/when this will end
is the fantasy they and we live in.It may not be worth posting until Friday
when the latest employment data is released. There are many guesses as to the
data and lots of suspicions at the same time.The dollar (UUP) was slightly
lower and gold higher. Commodities (DBC) and oil (USO) were basically flat.
Bonds (TLT) were higher as stocks searched for direction. Volume was ultra-light once again as most investors are waiting for data
and the election it seems. Breadth per the WSJ was mixed…’ , Somebody
Should Start The 'Stuff Costs Too Much' Party
http://albertpeia.com/inflationrisingfastandfurious.htm , …Worse Than 2008? http://albertpeia.com/worsethan2008.htm { The only reason that it doesn’t appear
that way here yet (though still quite bad) is because of the profligate
spending of money the nation doesn’t have to hide obama’s egregious failure as
president; exacerbating the nation’s already dire predicament economically and
otherwise. } , Superstorm Sandy's extremes, by the numbers AP By The Associated
Press { Damage
estimates are conservative and likely to go significantly higher. } ,
ZH: Guest
Post: Hurricanes Do Not Have A 'Silver Lining' , Guest
Post: The Tremendous Economic Benefits Of Superstorm Sandy ZeroHedge.com 10/31/2012 { I
really have to say, I was thinking the same thing regarding the outlandish spin
(the ubiquity of which regardless of reality helped get us to this precarious
point in the first place) to be accorded this unequivocally devastating blow to
the economy, on top of all the other ‘deferred/pending’ blows to come! Really!
} The public
relations propaganda campaign to convince the ignorant masses that Sandy’s
impact on our economy will be minor and ultimately positive, as rebuilding
boosts GDP, has begun. I’ve been hearing it on the corporate radio, seeing it
on corporate TV and reading it in the corporate newspapers. There are stories
in the press that this storm won’t hurt the earnings of insurers. The
only way this can be true is if the insurance companies figure out a way to not
pay claims. They wouldn’t do that. Would they? It seems all the stories use
unnamed economists as the background experts for their contention that this
storm will not cause any big problems for the country. These are the same
economists who never see a recession coming, never see a housing collapse, and
are indoctrinated in Keynesian claptrap theory.
ADP
"Cancels" 365,000 Private Jobs Created In 2012 ZeroHedge.com Frequent readers know that in addition
of any "data" and "numbers" out of Larry Yun's National
Association of Realtors, which we openly boycott as these are consistently
manipulated (recall the massive historical December
2011 revision ), slanted and conflicted, the second dataset which we
have mocked with a passion is anything coming out of the ADP, which every month
releases its "Private Jobs" number a day before the official BLS
Non-farm Payroll data. Today, our mockeries have been proven 100% spot on. The
reason? A week ago, ADP
announced that going forward it would coordinate with Moody's (yes,
that Moody's), and especially its chief economist, SecTres hopeful (InTrade
odds of actually attain that post: 0.00) Mark Zandi, to fudge adjust its
data going forward. The data revision was supposed to be publicly disclosed
tomorrow when the official October ADP number was released. Well, just like
today's Chicago PMI, and so many other data points recently, this too was
released early. What the early release allowed us to promptly calculate is that
using the historically revised numbers, and comparing those based on the
original methodology, in 2012 alone, the US would have lost a whopping... 365,000 private jobs ! Putting thus
number in context, according to the revised methodology, the US has generated
only 1.172MM jobs in 2012 through September, or in other words, a statistical
"fix" magically eliminated over 30% of what the market had previously
expected were job gains, a number which the incumbent president has certain
taken advantage of on more than one occasions while campaigning. , Guest
Post: China’s J-31 Stealth Aircraft Takes Flight ‘…. Interesting timing given we are all focused on Sandy and
the election... one thing is sure: Defense analysts have underestimated China’s ability to overcome
technological hurdles before …’
, Deciphering
The Dismal Reality In Europe From The Hopeful Green Shoots , Real
Economy Still Sliding As 'Eating Out' Continues to Go Down , France's
Fiasco In One Fine Chart , It
Begins: Ecuador Demands Repatriation Of One Third Of Its Gold Holdings
Submitted by Tyler
Durden on 10/31/2012
As the one year anniversary of the MF
Global Bankruptcy is upon us, the WSJ
has now joined the NY
Times in writing a ‘woe is me’ piece on behalf of Jon Corzine. The WSJ
continues bemoaning the pitiable situation of “restlessness and frustration” of
the former CEO of Goldman Sachs, former Governor of New Jersey, and former
Senator from New Jersey who apparently isn’t content with being “confident
about the likelihood that he will avoid any criminal charges related to MF
Global.” Corzine is still estimated to be worth several hundred million dollars
despite presiding over the failure of the largest non-bank commodity broker
where $1.6 billion in customer money was stolen. I cry for him, I really do...
Trying to portray Corzine as being focused on mundane things like finding a job
rather than worried about doing jail time for his obvious crimes appears to be
another prong of Corzine’s attorneys’ use of the Chewbacca
Defense , along with saying that the fraud
charges “Make No Sense,” because the money “Vaporized” and he had no
motive since he had a de minimis portion of his net worth invested in MF Global
stock. However, proving Corzine committed fraud and perjury would be relatively
simple for any motivated prosecutor. Since the Department of Justice
clearly is not motivated to prosecute Corzine after he bundled $500,000+ in
campaign contributions to their boss , I provide this quick and easy guide
for any ambitious state prosecutor to bring charges themselves:
Submitted by Tyler
Durden on 10/31/2012
There
remains more than $1.6 billion of customer funds unaccounted for and whether
you believe PwC ( as
Forbes notes ) were duped or not, one year on from MFGlobal, one thing
is for sure - there is no more hated character in the pits of Chicago than Jon
Corzine. CNBC's Rick Santelli says it all in this blockbuster rant against the incredible reality that this
'connected' individual has got away with monetary murder . Must watch -
but beware your blood pressure... as he concludes "we
haven't heard the end of this - Chicago will find the answers!"
Submitted by Tyler
Durden on 10/31/2012
Four
years of glorious central-planning "extend and pretend" have enriched
the political and financial Aristocracies, and imbued them with a bubble-era
hubris that they have indeed gotten away with murder: the $6 trillion the
Federal government borrowed over the past four years, the Fed's $2 trillion in
fresh cash, the Fed's $16 trillion bailout of the banking sector and various
perception management manipulations have righted the storm-tossed ship. All
those with power in 2008 remain in power and all those with outsized wealth in
2008 still hold their outsized wealth. Except the financial tides and winds have shifted, and the linearity of
central planning is about to be disrupted by nonlinear, positive-feedback
storms.
Submitted by Tyler
Durden on 10/31/2012
In Darkened
NYC, Safety On The List Of Concerns ( AP )
New York Subway
System Faces Weeks to Recover From Storm ( Bloomberg ) ... as we
said
Power Outages
May Last More Than a Week ( WSJ )... same
U.S. stock
markets to reopen on Wednesday after storm ( Reuters )
Questions Cloud
Market Reopening ( WSJ )
Apple
revolution shows signs of reboot ( FT )
Euro Chiefs Set
to Grant Greece Extension Amid Squabbles ( Bloomberg )
Italy Bank Poll
Casts Shadow Over Savings ( WSJ )
Shocked UBS
staff take to Twitter ( FT )
Corporate China
hit by unpaid bills ( FT )
Panasonic Posts
Loss of Nearly $9 Billion ( WSJ )
BoJ
independence called into question ( FT )
Barclays hit by
fresh U.S. investigations ( Reuters )
Adoboli’s
Girlfriend Said Confess, Co-Worker Said to Run ( Bloomberg )
Brent
oil price up over $109 as Hurricane Sandy threatens partial operation shutdown
liveoilprices.co.uk | Hurricane
Sandy threatens a partial operational shutdown in refineries.
Sandy could delay jobs
report
money.cnn.com | Hurricane
Sandy could cause a delay in the release of the highly-anticipated October jobs
report set for this Friday.
The Virtual Recovery
Paul
Craig Roberts | Since mid-2009 the US has been enjoying a virtual recovery
courtesy of a rigged inflation measure that understates inflation.
Sandy
Total Loss Estimate: Up To $100 Billion
Prisonplanet.com
| Based on extrapolations from storm surge heights, the authors see a ‘perfect
storm’ of this magnitude likely creating a total loss between $50 and $100bn.
‘Obama’s
Redistribution Halloween’: Crowder Pranks Kids With Commie Candy
Breitbart
| Steven Crowder teaches trick-or-treaters a valuable Halloween lesson by
applying President Obama’s economic philosophy to their candy-gathering
efforts.
Report:
Enough Spent on Welfare Programs in 2011 to Write Every Poor Household a $59,523
Check
CNS
News | Foundation close to central leadership urges end to birth limits policy
across China by 2015, with experts saying reform is ‘inevitable’.
Doug
Casey: There’s Going to Be a Huge Change of Ownership Over Global Resources
*Video*
Mac
Slavo | Casey warns that the world’s economic, financial and monetary systems
have passed the point of no return and a change of ownership over global
resources will soon take place.
The Marion Star | Joan Stevens was one of several early voters at the
polls on Monday.
Politico | Iowa has joined Texas in warning international
election observers of possible criminal prosecution if they violate state laws.
10-26-12 Dave’s Daily: http://www.etfdigest.com ‘MARKETS LIMP INTO THE WEEKEND 10-26-12 It seems to this observer that perhaps not much is going to happen with
markets until after the election. There are just too many headwinds of
uncertainty surrounding everything. Of course, there is always the unknown news
event that can throw things in one direction or another but that kind of stuff
is always with us. The “tell” now is with corporations who aren’t spending
based on uncertainty surrounding the election, tax policies, the fiscal cliff,
eurozone and so forth. Until these issues become clear we’re in stall mode.
Overseas news was dominated by the Bank of Japan launching another round of
stimulus on fears that it won’t be able to sell its next bond issue unless they
buy it themselves. Frankly, Japan has more problems with a debt bubble than is
currently in the news. Korean stocks fell on a decline in exports which isn’t a
surprise. Chinese stocks fell to a 5 week low on poor earnings. Spain’s
unemployment rate soared to 25% vs 24% which is stunning even as a stealth bank
bailout is underway. The troika determined that a Greek bailout was still
illusive combined with the country’s demand for €30 billion more was needed.
(The amounts needed there will always be growing it seems as conditions fall by
the wayside.) In France S&P cut ratings for both BNP Paribas and SocGen.
And, even in Canada Moody’s put six banks on watch for downgrades including
Bank of Montreal. Later in the day Swiss icon UBS announced it would lay-off
10K employees. Meanwhile back in the U.S. GDP data was reported at 2% vs 1.8%
expected with nearly 1/3 of the gain from government spending. Consumer
Sentiment, highly weighted by stock prices, was at 82.6 vs 83.1. I have more
“confidence” in the Conference Board data. The big earnings news from Apple
(AAPL) was panned as the stock declined while Amazon (AMZN) rose despite the
large miss on earnings, revenues and guidance. As to the latter, an analyst at
Needham stated the “poor report presented the opportunity for a large upside
surprise on the next report” which is how WS can spin bad news. With the PE at
280 (no typo) that’s the kind of thinking that institutional robots use to
invest based on analysts’ recommendations. The dollar (UUP) was flat as was
gold (GLD). Commodity markets (DBC) and (USO) were also relatively unchanged
Bonds (TLT) and (IEF) were higher in price as the sawtooth trading range
pattern continues over most maturities. Stocks were uninspired overall lacking
certainty on issues noted above and mostly declining earnings closing flat on
the day. It’s really a wait and see game for now. Volume was once again light
as most investors find little incentive to get further involved now. Breadth
per the WSJ was mostly negative…’, YAHOO
[BRIEFING.COM]: ‘…Amazon gained 6.9%
after reporting its earnings. The online retailer lost $0.23 per share.
However, the number may not be comparable to the Capital IQ consensus estimate
which forecast a loss of $0.10. The company's revenue of $13.81 billion was
largely in-line with expectations, but management issued downside fourth
quarter guidance…’ { Tell me … What’s wrong with this (foregoing) picture (of
wall street insanity)? } , Guest
Post: A Golden Opportunity { Wow! The truth
really hurts! Difficult to imagine, however, given the ‘obsessive compulsive’
mindset of players including ‘non-muppet puppeteers’ among others‘ heavily
invested in this fiasco which is an overriding dynamic, at least thus far in
this comedy of errors gone global. } The euro debt crisis in Europe has presented Germany with a unique opportunity
to lead the world away from monetary destruction and its
consequences of economic chaos, social unrest, and unfathomable human
suffering. The cause of the euro debt crisis is the misconstruction of the euro
that allows all members of the European Monetary Union (EMU), currently 17
sovereign nations, to print euros and force them on all other members. Germany is on the verge of seeing its capital base
plundered from the inevitable dynamics of this tragedy of the
commons. It should leave the EMU, reinstate the deutsche mark (DM),
and anchor it to gold.
, The
Complete 'Advanced' Economy Sovereign Ratings Cheat-Sheet S&P recently acted to markedly downgrade
Spain, and Moody’s has ended its recent ratings review, leaving Spain at Baa3;
and while ratings could remain largely stable in the short-term (supported by
OMT's promise and the possible delay of GRExit), there are a few exceptions such as France and and the UK that Citi's
Rates group expect to see downgrades on in the short-term . The following
table provides the full breakdown of Moody's and S&P's ratings for the
advanced economies along with Citi's model views - which imply weak outlooks for most of Europe in the medium-term
as Greek reality hits home. , Guest
Post: Putin Is the New Global Shah of Oil
Exxon Mobil is no longer
the world's number-one oil producer. As of yesterday, that title
belongs to Putin Oil Corp – oh, whoops. We mean the title belongs to Rosneft,
Russia's state-controlled oil company. With TNK-BP in its hands, Rosneft
will be in charge of more than 4 million barrels of oil production a day. And who is in charge of Rosneft? None other than Vladimir
Putin, Russia's resource-full president . Gazprom in control of Europe's gas, Rosneft in control of
its oil. A red hand stretching out from Russia to strangle the
supremacy of the West and pave the way for a new world order– one with Russia
at the helm. It is not as far-fetched as it might seem – or as you might want
it to be. Or imagine this: Russia could join OPEC. , Why
The Real Earnings Picture Is Bad And Getting Worse Listening to the incessant chatter of
confirmation bias from CNBC, you could be forgiven for thinking that earnings
are 'not that bad'. Headline-makers like AMZN, GOOG, and AAPL scare for a few
moments but we are reassured back to numb BTFD-land by some disingenuous
analyst (or worse a PM) who says he is buying with both hands and feet. The misleadingly top-down positive impression of looking
at a 'beats-to-total ratio' , suffers from one rather annoying bias
(that often gets forgotten): analysts constantly revising their
expectations throughout the reporting period, and hence rarely deviates from
the current level of 71% . But, as Citi notes, if one examines results relative to analyst expectations
prior to the reporting season, it's clear just how disappointing Q3 has been - especially
given the sell-side mark-downs already factored-in. Intriguingly,
for as downbeat as third quarter results have been, we've yet to see the
sell-side revise down estimates for next quarter or 2013.
Submitted by Tyler
Durden on 10/26/2012
Several months ago, we reported about a troubling
development in Vietnam, happy inflationary host of one of the world's
most rapidly devaluing and best named currencies, that in direct refutation of
Ben "Gold is not money, it is tradition" Bernanke's claim that gold
is just a trinket one can fondle with no inherent value, the local banks had
gone as far as paying the local residents a dividend to "store" their
gold (recall all those charges against gold that it never, ever pays a dividend....).
However, as we subsequently warned, any time a bank, and especially an entire
banking sector, is willing to pay you paper "dividends" for your
gold, run, because all this kind of (s)quid pro quo usually ends up as a
confiscation ploy. Sure enough, as Dow Jones reports today, the gold, which did
not belong to the banks and was merely being warehoused there (or so the fine
print said), was promptly sold by these
same institutions to generate cash proceeds and to boost liquidity reserves
using other people's gold, obtained under false pretenses.
Submitted by Tyler
Durden on 10/26/2012
There is down-sizing; there is
trimming-the-fat; and then there is UBS. The once-giant Swiss Bank
just announced it will cut up to 10,000 jobs. This comes on top of the 3,500
from last year - which makes a rather dramatic weight-loss strategy for the
63,500 employee firm. As the FT
reports , they will not happen all at once (so just after the election then?) but
will lead to the closure of a sizable part of UBS' fixed-income trading
operations (and other capital intensive areas of the investment bank). Perhaps
in the understatement of the day: "There
were several options on the table but UBS has decided on the most radical
one," a person familiar commented as the plan is hoped to
reduce complexity and costs - so no more Bloomberg Terminals? One thing surely
gone is a source of fixed income axes: "The new strategy, hammered out in
several executive board meetings in New York this week and set to be announced
next Tuesday, will lead to the closure
of a sizeable part of UBS’s fixed-income trading operations and other
capital-intensive areas of the investment bank ." The
winner: Goldman of course, which in a world of collapsing trading revenues has
taken to Lehmaning its competition once again, only this time not using brute
force but the far more classical war of attrition in a collapsing economy.
Submitted by Tyler
Durden on 10/26/2012
The government may have been
instrumental to the US economy growing in the third quarter (did we say may:
generating over 30% of the annualized 2.0% "growth" in Q3 probably
qualifies as was absolutely instrumental in this impartial, apolitical
datapoint), but the bottom line is that there was a cost. There is always cost.
And a number: the number is $15.776
trillion , which was the absolute GDP number as of September 30,
2012 (to be revised lower in one month). This means we can now calculate what
total US Debt-GDP was as of 3 weeks ago. And with the DTS reporting that debt was $16.16 trillion as of the day
the third quarter ended (net of the SSN funding adjustment,
which of course is always reported the first day of the next quarter for window
dressing purposes), it means that total US
Debt-to-GDP was 102.4%. And obviously rising much faster as
since the Second Great Depression it takes well over $2 in debt for every $1
increase in GDP. Because there never is such a thing as a free lunch,
especially when the government is operating the soup kitchens...
Submitted by Tyler
Durden on 10/26/2012
The preliminary look at Q3 GDP just came
out and "beat" expectations of a 1.8% print, with a 2.0% reading (or
just in line with stall speed, a number which previously has been indicative of
recessions). So far so good, but as with every other pre-election economic data
point out of the government, one has to look behind the headline to get the
true picture. And the details are, as expected, ugly. Because of the 2.02%
annualized increase in GDP, over
one third, or 0.71% (compared to a deduction of -0.14% in Q2), was contributed by "Government Consumption ." This was the biggest rise in government spending in 3
years, and only the first contribution by Uncle Sam to its own GDP print since
Q2 2010. So in much the same way as the September jobs print
soared courtesy of government employee hiring, this same government is now
juicing its own numbers to make itself look better. The real question is what
the second and third Q3 GDP revisions will show, which both come, luckily,
after the election. Recall that Q2 GDP initially came out at 1.5%, then was
revised to 1.7%, until finally coming to rest at 1.25%.
Marketwatch: UBS to cut up to 10,000 jobs: report
Radio Update: Dow down 2% on week
U.S. stocks finish with weekly losses
Will
The Bottom Fall Out? 15 Signs That Layoffs And Job Losses Are Skyrocketing
The
Economic Collapse | If you still have a good job, you might want to hold on to
it very tightly.
Q3
GDP Estimate Beats Expectations As Government “Consumption” Soars
Zero
Hedge | This was the biggest rise in government spending in 3 years.
8,803,335:
Another New Record for Disability—Up 975 Per Day Under Obama
CNS
News | The number of American workers collecting federal disability insurance
benefits hit yet another record high in October, according to the Social
Security Administration.
David
Einhorn Explains How Ben Bernanke Is Destroying America
Zero
Hedge | David Einhorn knocks it out of the park with his very first statement
during today’s Buttonwood Gathering.
The Germans Are
Coming for Their Gold
CNBC.com
| A German federal court has said that country’s central bank should conduct
annual audits and physically inspect its gold reserves worldwide, including
gold in the custody of the Federal Reserve Bank of New York.
10-25-12 Dave’s Daily: http://www.etfdigest.com ‘MARKETS QUIET BEFORE APPLE EARNINGS
10-25-12 Overseas news featured a report from the
China Conference Board which saw growth in the country at only .3% vs 1.7%
previously. The Bank of Japan indicated it would join the QE party and begin
stimulus operations. The UK reported GDP data at 1% meaning the recession is
over or there would be a triple dip. In the U.S. Jobless Claims were about as
expected (369K vs 372K expected & prior revised higher to 392K). Upward
revisions to all data seem commonplace now but certainly make for better
“beats”. Durable Goods Orders headline number rose (9.9% vs 7% expected &
prior -13.1%) and ex-Transportation (2% vs 1% expected & prior revised
lower to -2.1%). However the important data within this report was business
investment remained “flat” meaning GDP data may be downgraded again.
Corporations are holding back due to uncertainty regarding the election, fiscal
cliff, tax policy and healthcare expenses. Pending Home Sales (.3% vs 2.5%
expected) were poorly received.The spin on earnings thus far has been about
beating lowered estimates overall. However guidance and revenues are in
decline. It’s said earnings overall for the S&P 500 will be down 1.8% while
ex-Apple down 3.1% such is the weighting of “the one”. Apple (AAPL) and Amazon
(AMZN) among others report earnings after the close as the flood of earnings
continues. Apple shares have dropped nearly 14% from their highs amid
production woes, factory scandals in China and disappointment over the iPad
Mini. Thursday before the earnings release Apple stated they would be launching
a radio service. This crushed Pandora’s (P) stock price on the news. Apple earnings were expected around $8.85
with “whisper numbers” as high as $9.85 and came in at only $8.67. All acolytes
unite!! Amazon on the other hand is hell-bent on capturing market share for
just about everything at the expense of profits. How long that can last is
anyone’s guess. Amazon reported a miss of $13.81 billion in revenues vs $13.92
billion expected and an earnings loss (after adjustments) of 23 cents vs loss
of 7 cents expected. The company also guided revenues lower—shares slid. Also,
previous high flyer Coinstar (CSTR) reported earnings (dba, Red Box) shares
slid after its report disappointed. Stocks began the day sharply higher on
employment and global data but then faded as investors looked further under the
hood and also ahead to obvious unknowns. Most sectors closed the day relatively
unchanged.The dollar (UUP) was slightly higher while gold (GLD) managed to
climb some from its recent lows. Commodities (DBC) and oil (USO) were little
changed overall. Bonds (TLT) continued to be weak no doubt still disappointed
that the Fed didn’t super-size QE3. Volume was
light once again as markets were tense before earnings from Apple while breadth
per the WSJ was mildly positive…’, Will
The Bottom Fall Out? 15 Signs That Layoffs And Job Losses Are Skyrocketing http://albertpeia.com/layoffsjoblossesskyrocketing.htm , Spain is 100% Totally Beyond Saving http://albertpeia.com/spainbeyondsaving.htm , What
America's CEOs Really Think In One Chart
ZeroHedge.com ‘…a huge rise in
North American job cuts. It would appear, given the data below, that CEOs are wise
in the ways of just-in-time only fix it when its totally broken
policy-making and have front-run every major event with huge layoffs . To wit, since
the start of September, announced
layoffs in North American firms have soared to levels not seen since the
debt-ceiling-debacle of last year (all the while - claims and the
unemployment rate continue to fall)...’
, Apple
Cash Balance Rises At Slowest Pace In 30 Months , Hugh
Hendry: "I Have No Idea Where The Stock Market Is Going To Be"... But
"I Am Long Gold And Short The S&P"
David
Einhorn Explains How Ben Bernanke Is Destroying America ZH
"We have just spent 15
years learning that a policy of creating asset bubbles is a bad idea, so it is
hard to imagine why the Fed wants to create another one . But perhaps
the more basic question is: How
fruitful is the wealth effect ? Is the additional spending that these
volatile paper profits are intended to induce overwhelmed by the lost
consumption of the many savers who are deprived of steady, recurring interest
income? We have asked several well-known economists who publicly support the
Fed’s policy and found that they don’t have good answers. If Chairman Bernanke
is setting distant and hard-to-achieve benchmarks for when he would reverse
course, it is possibly because he understands that it may never come to that. Sooner or later, we will enter another recession. It
could come from normal cyclicality, or it could come from an exogenous shock. Either way,
when it comes, it is very likely we will enter it prior to the Fed having
‘normalized’ monetary policy, and we’ll have a large fiscal deficit to boot. What tools will the Fed and the Congress have at that
point ? If the Fed is willing to deploy this new set of
desperate measures in these frustrating, but non-desperate times, what will it
do then? We don’t know, but a large
allocation to gold still seems like a very good idea."
Overnight
Market: Futures Breaking Below Draghi-Believe Lows ZH S&P futures are being crushed overnight. Currently
trading below the levels of September 5th Draghi comments (back under 1400) and
-11pts from the close. AUD is weak, Treasuries are modestly bid (as is the USD)
and commodities are rolling over. The
catalyst? We see four things : 1) Delayed reaction to global supply
chain implications of an AAPL outlook cut (and/or overseas holders hedging) as
well as some missed earnings in China; 2) Major
Aussie quasi-bank Banksia (yes, its really called that!) hitting the skids
(a la Northern Rock) bringing fear that Australia is entering 2008-mode USA; 3)
a
NYT article which could be inferred as a direct attack on the
Chinese political faction (exposing Wen Jiabao's hidden billions); and/or 4) a
realization that at 14-plus x P/E multiples, the US equity markets are not
pricing in anything the kind of possible pain a fiscal cliff scenario (or Romney-ite
in the Fed) might bring. Of course, the need for a narrative is irrelevant, the
most net long position since 2008 is unwinding (for now) but by the time we
wake for New York's morning, things could have reversed once again.
Guest
Post: The Dark Age Of Money
ZH If you often wonder why ‘free market capitalism’ feels
like it is failing despite universal assurances from economists and political
pundits that it is working as intended, your intuition is correct. Free market
capitalism has become a thing of the past. In truth free market capitalism has
been replaced by something that is truly anti-free market and
anti-capitalistic. The diversion operates in plain sight. Beginning sometime
around 1970 the U.S. and most of the ‘free world’ have diverged from
traditional “free market capitalism” to something different. Today the U.S. and much of the world’s economies are
operating under what I call Monetary Fascism : a system
where financial interests control the State for the advancement of the
financial class. This is markedly different from traditional Fascism: a system
where State and industry work together for the advancement of the State.
Monetary Fascism was created and propagated through the Chicago School of
Economics. Milton Friedman’s
collective works constitute the foundation of Monetary Fascism. Today the
financial and banking class enforces this ideology through the media and
government with the same ruthlessness of the Church during the Dark Ages: to question is to be a heretic. When asked in an interview what
humanities’ future looked like, Eric Blair, better known as George Orwell,
said “Imagine a boot smashing a human face forever.”
Submitted by Tyler
Durden on 10/25/2012
And so the behemoth misses... again:
APPLE 4Q EPS $8.67, EST. $8.75 - miss
APPLE 4Q SALES $36.0B - slight beat
APPLE SOLD 14.0 MILLION IPADS DURING QTR, UNIT EST. 15.3M
But the uglyness is in the forecast. And
this time it is not a low-ball:
APPLE SEES 1Q EEPS $11.75, , EST. $15.49
APPLE SEES 1Q REV. ABOUT $52B, EST. $55.07B
Stock halted so keep an eye on the QQQ
as a proxy - QQQs imply AAPL $590 here
(200DMA is $587)... AAPL will resume trading at 4:50ET
Submitted by Tyler
Durden on 10/25/2012
After defying gravity for months on end,
on what we quarter
after quarter warned were ever declining margins and revenue growth, the
Amazon bubble (just about 300x P/E at last check) has finally popped, and
investors no longer believe that the company can offset collapsing profit
margins with increasing volume. And yes, the Kindle is proving to be nothing
more than yet another fad rather than the latest and greatest razor-razorblade
ecosystem paradigm.
10-24-12
Dave’s Daily: http://www.etfdigest.com ‘MARKETS UNIMPRESSED BY FED ACTION 10-24-12 The Fed announced basically no changes in policies Wednesday. Parse the
statement 20 different ways from Sunday and all you find is weak fixed business
investment, global risks and more stable home prices. So previous ideas the Fed
would double asset purchases was not in the cards for this meeting. Tuesday the
rumor swirled that Ben would not be accepting a third term as Fed chief if
offered (Romney has said no to an offer anyway). This gave markets the blue
since Ben has been providing the sugar bulls were addicted to. Ben no doubt
wants to write a book, sit on boards and make lucrative speeches. Besides he
may miss those Bee Gee days ya think?New Home Sales in the U.S. rose 5.7% the
highest rate in two years screamed the headlines in the financial media. But as
always, inside the numbers things weren’t quite so rosy as again prior data was
revised lower (368K vs 373K) thus allowing for the “beat”. The Flash PMI rose
to 51.3 vs expected 51.5 but prior data was revised lower from 51.5 to 51.1
allowing a beat. (Oh, those pesky revisions!)Chinese manufacturing rose from
47.9 to 49.1 which cheered investors hoping for a “soft landing” in the region.
But, at the same time eurozone manufacturing fell as did German confidence
data. Europe’s SAP
reported better earnings allowing for a rebound in indexes. Boeing (BA)
reported weaker earnings but beat estimates while Eli Lilly (LLY) missed and
Dow Chemical (DOW) announced large lay-offs. Facebook (FB) shares soared 22% at
the open on a slightly better report regarding mobile ads. However, the
outsized boost came as a result of a massive short squeeze abetted by some
analyst buy ratings. Cynically, let’s remember restricted shares are due for
release in two months so getting the stock higher helps those in need.There
have been rumors from the eurozone that a deal with Greece had been reached.
(This was all later denied by Draghi and further amended by the troika that no
monies would be dispersed until conditions are met.) In it is an austerity
commitment of $13.5 billion over two years, an increase in the retirement age
to 67 from 65 and a placement of 25K government workers on “reserve” (read
layoffs & welfare). If this were true we’d see tear gas and firebombs in
the streets of Athens by now. The show in the eurozone may go on for years. The
ECB’s Draghi spoke to the German parliament Wednesday and everyone came away
talking about how comforting the presentation was. Spiegel featured
Germany’s Finance Minister Schauble with a grimmer outlook. It’s the
central banks and QE vs economic data and earnings. Below are charts of
economic data from China, Europe and the U.S., which tell the story (courtesy
of ZH and Credit Suisse).
http://albertpeia.com/davesdailycharts.htm
The dollar (UUP) was flat and gold (GLD)
somewhat weaker once again. Stocks continued to decline on the Fed statement.
Commodities (DBC) were led lower by energy (USO) on higher inventory data.
Bonds (TLT) dropped in price most likely due to a smaller than expected QE buy
package from the Fed. Volume overall remains light even for a Fed-day. Breadth
per the WSJ was negative…’ , 37
Facts About How Cruel This Economy Has Been To Millions Of Desperate American
Families http://albertpeia.com/37factscrueleconomydesperateamericans.htm , The Truth About
Europe… Which the Media Won’t Report http://albertpeia.com/truthabouteumediawontreport.htm , The
46 Million Foodstamp Man March - An Infographic ZeroHedge.com
America has over 44 million people on Food Stamps. The food stamps program's
real name is Supplemental Nutrition Assistance Program (SNAP). The Food Stamp
program is "hidden" from view through Electronic Benefit Transfer
(EBT) Cards that work just as credit cards. This article visualizes
the size of the program and the vast amounts of people participating. , Guest
Post: Plutonocrits The term 'Plutonomy' was originally coined
by Citigroup analyst Ajay Kapur, who argued that in many countries, an ever larger part of
economic activity was due to the the richest segments of society , as wealth disparities have increased a great deal in
recent decades. Countries with especially large Gini coefficients (i.e., an
especially large gap between rich and poor) were deemed to represent such
'Plutonomies' by Kapur. We would briefly comment here that one of the
main reasons why the gap between rich and poor has widened so much is the vast
amount of monetary inflation that has taken place in recent decades. It is not inequality as
such that is the problem. The problem is that while the rich have gained from monetary inflation,
the middle class and the poor have at the same time lost out. , On
That 'China Is At 52-Week Highs' Meme It appears once again that the behavior of a
liquidity-constrained high-beta market-price is encouraging excitement among
some of the world's 'smartest' media mavens. "But, but, but, 'China' at
52-week highs must mean something?" we hear. Well three things on that
meme: 1) the 52-week high Hang-Seng is not reflective of 'China' fundamentals
per se - instead a far faster-money inflow/outflow liquidity indicator; 2)
China's Shanghai Composite remains extremely weak; and 3) the Hang-Seng has had
three false (and dramatic) swings in the last three years which have all
reverted painfully fast (1 bearish and 2 bullish) - do you believe this time
is different? Fall 2010 and
Spring 2012 both looked great - until they crashed and burned... , Chart
Of The Day: 55 And Under? No Job For You Nearly two
years ago , and progressing to this
day , we first observed
(and subsequently even the mainstream
media caught on) that
America's labor force is slowly but surely converting itself from a full-time
to part-time worker society. The reasons for this are obvious: to corporations,
the benefits associated with employing part-time workers are countless:
avoiding substantial benefits-related costs, evading long-term job contracts,
hourly basis wages, and many others. In fact, as long as there is slack in the
economy, and there will be for a long, long time as the shift in labor demand
is now secular, regardless of what the Fed wants to admit, employers will have
ever more leverage, while workers have less and less (and are forced to agree
to any employment terms, as long as they get some paycheck at all). This much
has been known. What has gotten far less prominence is that of the much
trumpeted 4+ million jobs added since the trough in late 2009, virtually all
the job additions have gone to (part-time) workers 55 years and over. Indeed,
as the chart below shows, starting since the official NBER end of the recession
in June 2009, the US has cumulatively added 2.9 million jobs. However, when
broken down by age cohort, 3.5 million of these jobs have gone to US workers
aged between 55 and 69. Another 729K have gone to recent college grads aged
20-24. What about those workers in their prime years: between 25
and 54 years of age? They have lost a total of 729,000 jobs since June 30, 2009 ! , Guest
Post: New Home Sales - Not As Strong As Headlines Suggest While the media continues to push
the idea that the housing market is on the mend the data really doesn't yet support such optimism.
The current percentage of the total number of housing units available
that are currently occupied remains at very depressed levels. When it comes to the reality of the housing recovery the
4-panel chart (below) tells the whole story. There is another problem with the housing recovery story.
It isn't real. The nascent recovery in the housing market, such as it has been, has been
driven by the largest amount of fiscal subsidy in the history of world. The
problem, however, is that for all of the financial support and programs that
have been thrown at the housing market - only a very minor recovery could be
mustered. With household formation at very low levels and the 25-35 cohort
facing the highest levels of unemployment since the "Great Depression" it is no wonder that being a "renter" is no longer a derogatory label.
, Evacuate
The Dancefloor: Coordinated Dump In Stocks, Bonds, Commodities And Crude
Submitted by Tyler
Durden on 10/24/2012
This will learn him:
RAJAT GUPTA GETS 24-MONTH PRISON SENTENCE FOR INSIDER
TRADING
RAJAT GUPTA FINED $5 MILLION
Moral of the story: steal $100 million
(illustratively: nobody knows what the bottom line impact of the criminal
activity was: could be more, could be less) -> spend two years in a minimum
security country club, electric golf carts included. Look for a surge in
insider trading cases with this ruling which makes risks to getting caught
trading on inside information not only acceptable, but in fact welcome. The
good news, for Jon Corzine at least, is that if the MF Global case ever gets to
the sentencing stage (it won't), his sentence would be to fly coach class for
24-48 hours.
Submitted by Tyler
Durden on 10/24/2012
Legendary oilman T. Boone Pickens
famously calls America’s oil imports ‘the
greatest transfer of wealth in the history of the world.’ Pickens is
referring to the money that is paid each year to oil exporting nations,
particularly those in the Persian Gulf which raked in around $100 billion last
year. No doubt, this is an enormous transfer of wealth. But it’s a drop in the bucket compared to the TRILLIONS that Ben
Bernanke gives the world’s elite. It constitutes, by far, the greatest
transfer of wealth in history, vastly exceeding America’s energy imports. It’s
an unconscionable, immoral, ridiculous game. But there’s good news– we can stop
playing whenever we want. We don’t HAVE to hold their worthless currency. We
don’t HAVE to keep transferring our purchasing power to an elite group. We can
“opt-out”. Trade as much of their
paper as you can for something REAL , especially physical precious
metals.
Debates 'diminished' Obama, says Romney "You can
boil down what he's saying to four simple words: more of the same," Romney
said today in Reno. { I’m truly astounded that after 4 years of b***s***, lies,
profligate spending for obfuscation but much vacation, and consequent
unequivocal failure, people are even listening to, much less ‘buying’ what
wobama desperately says. Not even a word from 0 is worth listening to. That
includes those who should supposedly know better. Moreover, self-respect
requires that americans reject wobama’s desperate campaign slings, arrows, and
desperate entreaties which ignore the reality of his blatant failure in large
part owing to his having failed to do as promised last ‘eternal campaign’. Then
there’s the threats and intimidation from the niggers who are like ignorant,
vicious animals in lockstep accord with
the abject and utter presidential failure obama; yet, such typical ‘clannish’
racism by blacks is virtually ignored and rational opposition to the failure
spelled ‘0’ is being cast as racist. How can any nation survive such
contraindicated insanity. I’m truly
amazed! }
Why
Greg Smith Left Goldman: Wall St. Now an 'Eat-What-You-Kill System'
Dutch court says Samsung does not infringe Apple patent [
Though contrary, american courts almost without exception and the federal
system generally, are so corrupt and lacking in credibility that they really deserve
no precedential, jurisprudential respect…and get none. From my direct
experience: One thing is certain from my own direct
experience { The unfortunate reality is what I’ve
alluded to in the context of my own direct experience; viz., america’s ‘legal
system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws
to apply pressure, etc., and essentially run by the inmates of this collective
criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm } ; despite enormous amounts of taxpayer money
poured into the ‘federal system’, there’s relatively/proportionately very
little real significant results (an example would be the brutalizing of Martha
Stewart over a $45 thousand transaction while wall street frauds in the
trillions by the biggest players have gone unprosecuted). ( I believe
reasonable diligence requires self-reliance more than ever before in this
nation’s history; particularly when political correctness in some states
prevents calling a spade a spade to the substantial detriment of law
enforcement! http://albertpeia.com/selfdefense.htm ) ]
10-23-12
Dave’s Daily: http://www.etfdigest.com ‘THUMBS DOWN ON EARNINGS 10-23-12 Suddenly things don’t look good for bulls. Most of it is based on poor earnings
and outlooks from leading companies. It’s strange since earnings season was
expected to be poor. Therefore there must be more to it than that and there is.
The idea circulated Tuesday that Bernanke would not want a second term which
might deprive bulls of the best supporter. A Romney win, now seen as more
possible, would cement this based on his statements to build his own team and
disapproval of current Fed policies. Suddenly with the election close “fiscal
cliff” worries are back front and center once again. Also eurozone issues were
with us (again…sigh) as Spain provincial debt was slashed by Moody’s and the
high court in the EU is examining bailout limitations. Back to earnings news
and the difficulties began with DuPont (DD) where earnings declined 98% and
guidance was reduced. This negatively affected materials (XLB). Next was United
Parcel Service (UPS) which noted declines in shipping overseas (eurozone).
Things went south from there for equities.Economic data featured poor data from
the Richmond Fed (-7 vs +5 expected & prior +4).Monday markets rallied late
as a story suggested the Fed might double the size of QE3 which again is the
candy bulls feast on. Wednesday the Fed will announce their policy and any
changes.Serial new product rollout show from Apple (AAPL) left investors
unimpressed as the stock fell. Like the Fed perhaps you can go to the well one
too many times.Stocks fell sharply across the board without the obligatory
“stick save” seen yesterday afternoon. Support levels were taken out throughout
major sectors and there was little refuge away from cash or bonds. The dollar
(UUP) was higher and commodities (DBC), (USO) & (GLD) were crushed. Bonds
rallied on a flight to safety. Volume increased once again on selling and
breadth per the WSJ was quite negative…’
, Pimco COO blasts financial culture
Marketwatch , This
Could Be the World’s Largest, Most Toxic Banking System… http://albertpeia.com/largestmosttoxicbanksystem.htm , What
If We Adopted A System Where The Banks Did Not Create Our Money? http://albertpeia.com/systemwherebanksdontcreatemoney.htm , Romney’s Detroit op-ed jumps to NYT’ ‘Most Read’ list , New Obama ad inflates jobs claim It claims the
president created 5.2 million new jobs. The total number of jobs added is
actually about 325,000. { Wobama is such a b***s***! O is a big ZERO as in 4
failed years minus 4 more years of failure equals 0 years to go come 11-6-12
and 1-21-13! O’s such a lying con/grifter! }
, Lance
Armstrong and America’s growing culture of psychopathic liars Natural News | Lance Armstrong’s implosion
is being called an “epic downfall” by CNN.
, Eyes
Wide Shut - "We Are In A Bad Spot"
ZeroHedge.com We cannot escape
the conclusion that things remain hopelessly
off track . Whatever form of 'recovery' is being sought here
simply will not arrive. The core of our views is shaped by the idea that the
very thing being sought, more economic growth (and exponential growth, at
that), is exactly the root of the problem. We suppose we would take a
similarly dim view of an alcoholic trying to drink their way back to health as
we do the increasingly interventionist central bank and associated political
policies the world over. We
are losing hope that we will navigate towards anything other than a hard
landing at some point because even with copious amounts of data accumulating
suggesting that the old ways are not working , we cannot
detect even the slightest hint of original thinking or new thoughts coming out
of the marbled halls of power. Business-as-usual and more-of-the-same
seem to be the only operative ideas right now. But what is a
bit startling to me is the number of individuals that have not yet caught onto
the idea that things have permanently
and irrevocably changed. , Greece
Kills Bond Buyback Proposal
One of the zanier proposals floated in the past few weeks, yet
sufficient to send Greek bonds soaring to post-restructuring highs on hopes of
a take out, was the suggestion that Greece would repurchase its fresh-start
bonds in the open market, which recently traded in the teens, and have since
virtually doubled, at a price ~25 cents of par. Obviously since the price of
the bonds had been much lower, even the mere possibility of what is termed in
the industry as a distressed buyback, sent everyone scurrying to purchase the
paper, as if it had any intrinsic economic value (it did not), instead of mere
hopes that Greece would throw even more good money after bad (especially since
the fresh start bonds have a meaningless cash coupon and nobody expects them to
be repaid at maturity). There is also the detail that a distressed buyback is,
for the rating agencies, equivalent to an Event of Default, but knowledge of
that small fact would be demanding too much out of those who scrambled in the
latest chase for yield. Anyway, with all that said, it now appears that the
whole idea is over, with Greek Kathimerini reporting moments ago that Greece
has scuttled the proposal for a bond buyback.
, Size
Doesn't Matter As AAPL's New 8-Incher Underwhelms And Bipolar Market Resumes , Corzine
Tells Judge That Due To Purchase Of 50,000 MF Global Shares Before Bankruptcy,
He Must Acquit That former
Goldman, New Jersey and MF Global head Jon Corzine is absolutely convinced he
is innocent of any client money vaporization or wrongdoing, and that the
definition of the phrase "to Corzine
(verb- to trust your money to a prominent individual and to find
it has mysteriously disappeared)" is absolutely arbitrary, is not
news to anyone. And if not convinced then at least at a complete loss to what
actually happened. One just had to recall all the "I don't recalls"
the Honorable
Corzine told congress during the makeshift kangaroo court hearing on MF Global's
collapse (even if the final outcome was
less than desired ). So it's only logical that the Honorable
Corzine asked a federal judge to "toss a civil fraud lawsuit accusing him
of misleading investors about the risky bets the futures firm was taking before
its collapse a year ago." The WSJ reports that "Corzine's lawyers
blasted the investors' suit as a " jumble of assertions and accusations" that makes
"no sense" that should be dismissed in a filing Friday in U.S.
District Court in New York." …
, Nigel
Farage On The Total Subjugation Of Europe
, Apple
Introduces A Slightly Bigger Samsung S III (And Faster,
"Excel-Optimized" New New iPad 4)
UPDATE : AAPL Stock
-2.5% - below Friday's Closing VWAP Below is a picture of the product that
Steve Jobs never wanted launched, and which Apple has been forced to release
due to competitors which are suddenly beating it in its own game… , Record
Direct Bidder Scramble For Safety Of Today's 2 Year Bond Auction , European
Stocks And Bonds Plunge Most In A Month
, The
Gray Economy: Europe's €1.5 Trillion A Year Black Hole , Kaminsky
On The Election: "The Easy Money Days Are Gone" While many are blaming today's weakness on
DuPont and a final awakening that earnings might not hockey-stick as consensus
believes, CNBC's Gary Kaminsky has an interesting angle that is gaining ground
among desks. We can argue all day long that central bank actions have driven a
'wedge' between fundamentals and market prices (as we
did here ) and as Gary himself notes "printing
money around the world does not help corporate profits" but Kaminsky's
view of today's weakness is more nuanced to the outcomes of the election.
Critically, he makes the case that the market is starting to realize that
whoever wins in two weeks, there is a more negative bias post-election. From
Obama's higher taxes and more-of-the-same sluggish economy to Romney's potential
China-Trade-war, an implied strong-USD-policy, and potentially the end of the
'Bernanke-Put' ; Kaminsky
says "the easy money days are gone" and warns of a 1000 point
correction being possible .
, Guest
Post: Debt - Driving The Economy Since 1980
Debt. There isn't a day that passes as of late that the issue of
debt doesn't arise. Federal debt and consumer debt (including mortgages)
are of the most concern due to its impact on the domestic economy. Debt is, by its very nature, a cancer on economic growth. As debt
levels rise it consumes more capital by diverting it from productive
investments into debt service. As debt levels spread through the system
it consumes greater amounts of capital until it eventually kills the host. The
problem is that during a “balance sheet” recession the consumer is forced to pay
off debt which detracts from their ability to consume. This is the
one facet that Keynesian economics doesn’t factor in. It’s time for our leaders
to wake up and smell the burning of the dollar – we are at war with ourselves and the games
being played out by Washington to maintain the status quo is slowing creating
the next crisis that won’t be fixed with monetary bailout.
Submitted by Tyler
Durden on 10/23/2012
Moody’s Cuts
Ratings on Catalonia, Four Other Spanish Regions ( Bloomberg )
And the market
top: Billionaire Ross Interested in Buying Spanish Bank Assets ( Bloomberg )
Japan Jojima
denies govt seeks $250 bln BOJ asset buying boost ( Reuters )
China hints at
move to strengthen Communist rule ( Reuters )... well
everyone else is doing it
Euro-Area
Bailout Fund Faces Challenge at EU’s Highest Court ( Bloomberg )
Obama, Romney
now tied in presidential race: Reuters/Ipsos poll ( Reuters )
Former China
Leader Jiang Resurfaces Before Political Transition ( Bloomberg )
Some in
Congress look to $55 billion fiscal cliff 'fallback' ( Reuters )
CLOs stage
comeback in US ( FT )
TXU Teeters as
Firms Reap $528 Million Fees ( Bloomberg )
China’s
Factories Losing Pricing Power in Earnings Threat ( Bloomberg )
Easy come, easier go. After yesterday's
last hour ramp driven by a MarketWatch article that said
absolutely nothing new about the Fed's monetization plans and an AAPL surge
which saw the firm add $22 billion in market cap in one day (or more than the
market cap of CBS Corp) sent stocks green, the overnight session has taken it
all away and then some, with futures now trading roughly 12 ticks lower or at
yesterday's lowest levels. The catalyst is, once again, Spain where Moody's
downgraded five Spanish regions including Catalonia after the market close (for
the reason, see our piece from the weekend " Spanish
Regional Bailout Fund Runs Out Of Money "), coupled with news
from Confidencial that Spain's
budget deficit will overshoot the EU target of 6.3% and hit at least 7.3%,
driven by a €10.5 billion deficit in the social security system, trashing the
promises from last month's Spain's "reform" package , and as BNP
said (confirming what we warned weeks ago), making the conditionality hurdle
suddenly that much higher for Spain. And just as the world was getting
comfortable that Spain will get away with using the OMP with virtually no
conditions. The cherry on top came from France where the business
conditions index slid to a 3 year low on expectations a trough had been put in
place. The result is a tumble in the EURUSD to below the 1.3000 barrier,
dragging stock futures, commodities, and of course Europe with it, sending the
Spanish bond curve yield higher, and generally giving a very sour mood to the
day as traders walk in.
http://endoftheamericandream.com
http://albertpeia.com/selfdefense.htm
[ One thing is certain from my own direct experience { The unfortunate reality is what I’ve alluded to in the context of my own
direct experience; viz., america’s ‘legal system’ is an illegal system used to
cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and
essentially run by the inmates of this collective criminal entity called
america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm } ; despite enormous amounts of taxpayer money
poured into the ‘federal system’, there’s relatively/proportionately very little
real significant results (an example would be the brutalizing of Martha Stewart
over a $45 thousand transaction while wall street frauds in the trillions by
the biggest players have gone unprosecuted). I believe reasonable diligence
requires self-reliance more than ever before in this nation’s history;
particularly when political correctness in some states prevents calling a spade
a spade to the substantial detriment of law enforcement! ]
Obama’s attacks on Romney belittle presidency Marketwatch {
Indeed! Come on! What can wobama say? He has but a record of abject failure to
run on! And, the record IS unequivocally
utter failure! All the choom fantasy, fellow nigger intimidation and
threats will not change that fact!
Drudgereport 10-23-12: Obama
Supporters (niggers et als) Continue Threats To Riot, Assassinate Romney... }
Friday
Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End
Of My First Term In Office"
ZeroHedge.com Tyler Durden { Wobama the b
for b***s*** speaks … on the prior pre-election campaign trail ( The
Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm
http://albertpeia.com/50crazythingswobamasupportersthreatening.htm
{ The question is do americans have the courage to stand up to the
uncivilized terrorist niggers by giving the deserved boot to an egregiously
failed president obama who has proven himself to be a typical jive-talking
b***s*** nigger himself! Or, are americans going to cower in fear of the nigger
threats and prove to the world they are but cowards of a failed nation. }
New
Threats to Riot if Obama Loses Election... [ The threats alone are a reason sufficient for backing President
Romney. If left unchecked, the nigger terrorists will be even further
emboldened to their already egregious criminal, terroristic ways. No man,
woman, or child will be safe if the lethal black cancer grows. The 4 years of O
have been complete, utter failure and no amount of wobama b***s*** and nigger
intimidation can change that fact! Quite simply, niggers are inherently
criminal terrorists: Examples of what people are saying include the following;
“If
obama dont get re-elected & romney wins .. on life every white persons
getting pistol whipped and im startin a riot.” ( SOURCE )
“If
Obama don’t win lets start a riot so Romney know what he’s getting himself
into.” ( SOURCE )
“You
know you ain’t shit if you gotta “MAKE” Mafukas vote for ROMNEY ! …. Mannnn
OBAMA better get back in office . Or BLACK FOLKS will riot.” ( SOURCE )
“If
Romney wins im goin on a rampage.” ( SOURCE )
“If
Mitt Romney wins the election I think its our duties as Black folks to riot and
fuck shit up.” ( SOURCE )
“If
every action IS met with an equal and opposite reaction ..what should workers
do to employers if Romney’s elected? #Riot in the streets!!” ( SOURCE )
“If
Romney becomes president let’s all start a riot.” ( SOURCE )
“If
romney wins, imma start a mf’n riot! Rns.” ( SOURCE ) ]
http://theeconomiccollapseblog.com
http://albertpeia.com/massiveriotsinamerica.htm
{ Ah,
yes, says the optimist who sees the opportunity in every calamity and not vice
versa. Indeed, President Romney’s election based upon american people’s
survival instincts and an awakening from the wobama b***s*** slumber of decline
will provide the opportunity to incarcerate the niggers who will use such as an
excuse to do what they’re inclined/predisposed to do anyway, and in one lawless
form or another, are already doing. Prison or sub-saharan Africa are the only
places suitable for niggers. Let no man, woman, or child fall prey to their
intimidation and uncivilized violence. http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm VIDEO: Black Student Becomes Enraged In Evolution
Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm }
http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm
{ Yeah! These are typical, mooching,
failing (but fun-lovin’/party animals), unproductive blacks; and non-blacks
should be outraged! }
Obama's
Lucky Charms: A Hindu God In His Pocket, A Masonic Emblem, And A Ring That Says
"There Is No God Except Allah"
http://albertpeia.com/ohowweird.htm Why do our politicians have to be so
weird? { Why? Because in, ie., O’s case, he is weird. Homo/hetero,
Muslim/Hindu/Christian, for Wall Street/against Wall Street, prosecute/no
prosecute, war/no war, say one thing/do another, truth/no truth, etc.. wobama’s
gotten’ by on b***s*** and ‘special consideration’ alone, never having done
anything of substance in his entire life. Indeed, even his so-called
‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced
fantasies which reveal a psychogenic/dissociative amnesia that works well in
the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign
trail’ littered with the cowpies of stark reality. People owe themselves and
their children more than this grifter’s con which in numbers measures more than
the increased deficits of all the presidents since President General Eisenhower
combined to obfuscate his unequivocal failure. Drudgereport: UPDATE:
Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall!
This from the record holder for fundraisers, 151 and counting. Then there’s the
100 plus rounds of golf in addition to being famously over-vacationed while in
office. Did wobama expect that these things would in choom fashion magically
come to fruition while he was ‘workin on his tan’, golf swing, or shootin’
hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm
The point is that you don’t have to love
Romney but you at least have to like yourself in saying ‘NO!’ to more wobama
b***s*** which is all that he is. Have some self-respect. His grade is
unequivocally ‘F’ for failure, having failed to do as promised which
coincidentally is a direct cause among others of this debacle called america’s
dark obama years. All the talk/b***s*** cannot change that reality. } http://albertpeia.com/10waysobamakillingjobsinamerica.htm Wobama’s Choom Gang
Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Friday
Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End
Of My First Term In Office"
ZeroHedge.com Tyler Durden { Wobama the b
for b***s*** speaks … on the prior pre-election campaign trail ( The
Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm }
Did the final presidential debate do
anything to influence who you will support in ... NBCNews.com { The following
comment is correct. The other aspect is that people are seemingly pathetically
ignoring that O’s last 4 years have been an abject, utter failure in
spectacularly unprecedented fashion. A sad commentary on the state of the
nation when such blatantly clear reality is ignored by so many, including those
who should know better.} ‘ Obama has told no truth in 4 years. He can't wave his hand and ignore
sequestration. We need a leader not a liar. Romney is our only choice.’
Q3
Earnings Season To Date Summary: Ugly... And Getting Worse Roughly one third of the S&P has
reported earnings so far, with another third reporting in the next five days
and almighty AAPL on deck Thursday evening, and if there is one word to
describe what has happened so far, that word would be "ugly ." The same word would be used to
describe how Q4 is shaping up to be. And that word will be very a optimistic
prediction of what 2013 will bring unless a major catalyst develops that pushes
Congress to resolve the fiscal cliff situation. So far that catalyst is
missing. But going back to Q3 earnings, here is how Goldman's David Kostin
summarizes events to date: "3Q reporting season is roughly one third
finished. Two early conclusions: (1) Information Technology results have been startlingly weak with
high-profile revenue disappointments by the four horsemen: MSFT, GOOG, IBM, and
ORCL . (2) EPS guidance for 4Q has
been overwhelmingly negative across all S&P 500 sectors with 18 of 20 firms
lowering 4Q earnings guidance by a median of 5%. Analysts have
lowered 4Q EPS estimates for stocks already reported by 0.4%. We expect further EPS cuts of 6% loom ahead . Firms
reporting next week: AAPL, T, PG, MRK, CMCSA, AMZN, COP, AMGN, OXY, MO, UTX,
MMM, CAT, DD, and FCX." Sorry Bob Pisani, better luck spinning
earnings favorably next QE. , One World Economic System Kills
American Jobs http://albertpeia.com/oneworldeconsystemkillsamericanjobs.htm , Three Things Investors
Don’t Know About Europe How To Buy Bullion
(What to Ask and What to Own)
The Recipe For Hyperinflation http://albertpeia.com/europebullionhyperinflation.htm ,
Monster
(Pre-Debate) Ramp Sends Stocks Vertical In last Hour ZeroHedge.com What can we say? All makes
perfect sense: earnings dismal (worse than expected) means BTFD and if there is
one lever to do that effectively given the massive over-exposure in every
levered fund in the world, its AAPL. A 4% rally in AAPL - which perfectly topped out at Thursday's closing VWAP - was enough
to drag stocks comfortably green by the close with a near-vertical ramp in
S&P futures just to help things along. Seems like the standard
pre-debate rally that we warned about last week - so let's not
get too carried away by today's 'all-is-well' rally. Broadly speaking, risk-assets did not dip as hard as stocks and the ramp
into the close (which as is typical) pulled stocks back up to 'fair' - but with
the inevitable overshoot . While we leave up to our readers to
divine the implications of such outlier moves on debate days, our only
suggestion for those who have missed their opportunity to buy the central bank
policy vehicle, formerly known as the S&P 500, with both hands and feet, is
to wait until the next presidential debate and go all in. After all, "it's only fair" that the market
will soar hours ahead of the two teleprompter-less candidates debating highly
irrelevant stuff. , Stock
Market Fragility Fast Approaching "Flash Crash" Levels , Guest
Post: Dysfunctional, Dishonest, Insane, And Intolerable Government programs created in the 1960s
created a culture of dependency, government control, relentlessly higher debt,
materialism, and willful ignorance. The incompetence, arrogance, ineptitude and insanity of government
officials at the Federal, State, and Local level are stunning to behold…’ , No,
Soaring Deficits Do Not Mean Record Corporate Profits: In Fact Just The
Opposite , Guest
Post: The Three-And-A-Half Class Society
The U.S. has a
three-and-a-half class society. According to demographer Joel Kotkin,
California has become a two-and-a-half-class society, with a thin slice of
"entrenched incumbents" on top (the "half class"), a
dwindling middle class of public employees and private-sector
professionals/technocrats, and an expanding permanent welfare class: about 40%
of Californians don't pay any income tax and a quarter are on the Federal
Medicaid program. I would break it down somewhat differently, into a
three-and-a-half class society: the "entrenched incumbents" on top
(the "half class"), the high-earners who pay most of the taxes (the
first class), the working poor who pay Social Security payroll taxes and sales
taxes (the second class), and State dependents who pay nothing (the third
class). This class structure has political ramifications. In effect, those
paying most of the tax are in a pressure cooker: the lid is sealed by the
"entrenched incumbents" on top, and the fire beneath is the Central
State's insatiable need for more tax revenues to support the entrenched
incumbents and its growing army of dependents. Let's start our analysis of the three-and-a-half-class
society by noting that the top 25% pay most of the Federal income tax, and within that
"middle class" the top 10% pay the lion's share of all taxes. , Another
Red (Profit-Taking) Day For Europe
, German
Court Demands Bundesbank Audit Sovereign Gold Holdings The German
court of auditors (Bundesrechnungshof) has demanded that the Bundesbank
undertake an audit of its gold reserves. In an 'audit-the-fed' style effort, the court wants to ensure
that the nearly 3400 tons of gold is in fact in existence - 'because
stocks have never been checked for authenticity and weight'. Furthermore, the
Bundesbank's gold is stored in three other vaults around the world: The Bank of
England, The Bank of France, and the US Federal Reserve. The court questions the practice of relying on a written
confirmation from the custodians (foreign central banks) . The decision
means negotiating with the three foreign central banks for physical
verification but in anticipation, the Bundesbank has begun the process
of shipping 50 tons per year from the Fed back to Germany for the next
three years. , Bill
Gross Explains The Fed's Bubble "Merry-Go-Round" In One Tweet , Why
the EU Crisis Will Be Bigger and Worse Than 2008 Posted by: Phoenix Capital... Post date: 10/22/2012 - We’re talking about a banking system that is nearly four
times that of the US ($46 trillion vs. $12 trillion) with at least twice the
amount of leverage (26 to 1 for the EU vs. 13 to 1...
Submitted by Tyler
Durden on 10/22/2012
Dead Heat for
Romney, Obama ( WSJ )
The Cheerful
Billionaire Who Thinks Obama's a Socialist ( Businessweek )
"Get to work, Mr. Japanese Chairman": Japan Exports
Tumble 10% as Maehara Presses BOJ to Ease ( Bloomberg )
Chinese
Investors Fear Chill in Canada ( WSJ )
Rosneft Buys
BP’s TNK-BP Stake for $26 Billion in Cash, Shares ( Bloomberg )
Hong Kong
Defends Its Currency Peg for First Time Since 2009 ( Bloomberg )
Democrats
threaten payroll tax cut consensus ( FT )
Spain's Rajoy
gets mixed message in regional votes ( Reuters )
Merkel to warn
UK on Europe budget veto ( FT )
Netanyahu says
doesn't know of any U.S.-Iran talks ( Reuters )... neither
does Iran, so near certainty
Der Kurrency
Tsar: ECB’s Knot Backs Schaeuble Call for Stronger EU Budget Power ( Bloomberg )
Fannie Mae
Limiting Loans Helps JPMorgan Mortgage Profits ( Bloomberg )
A
One World Economic System That Kills American Jobs
Michael
Snyder | Either way this election turns out, American jobs are going to
continue to get slaughtered by the millions.
A Ponzi Scheme Called
America
Michael Lombardi | When it
comes to the U.S. economy, who will come to its rescue?
55
Facts About The Debt And U.S. Government Finances That Every American Voter
Should Know
The
Economic Collapse | The future of the United States of America is being
systematically destroyed by our politicians, but unfortunately most Americans
don’t really grasp exactly what is happening.
Global
Debt Repudiation? IMF’s Paper On The Chicago Plan Continues To Stir Opinions
Zero
Hedge | The 1936 Chicago Plan was created to somehow prevent the large boom and
bust cycles seen during the Great Depression.
Greece
Austerity Diet Risks 1930s-Style Depression: Euro Credit
Bloomberg
| Greece is spiraling into the kind of decline the U.S. and Germany endured
during the Great Depression.
Chinese
Gold Imports Through August Surpass Total ECB Holdings, Imports From Australia
Surge 900%
Zero
Hedge | China will have imported more gold than the 11th largest official
holder of gold, India, with 558 tons.
Dysfunctional,
Dishonest, Insane & Intolerable
Washington’s
Blog | The incompetence, arrogance, ineptitude and insanity of government
officials at the Federal, State, and Local level are stunning to behold.
10-19-12 Dave’s Daily: http://www.etfdigest.com ‘POOR COMPANY REPORTS CRUSH STOCKS 10-19-12
We’re back to square one on the week as
far as most major indexes are concerned. But you wouldn’t know it by Thursday’s
and Friday’s action. We’re also back to the previous matter of light volume
rallies and heavy volume selling, meaning distribution. Earnings overall were
expected to be weak but corporate revenues weren’t expected to decline by this
much. The litany of disappointments is quite long: (MSFT), (IBM), (INTC),
(GOOG), (CMG), (MCD), (GE), (AMD) etc.The normal rotation away from tech to
more conservative sectors like financials (XLF), consumer discretionary (XLY),
healthcare (XLV) and so forth came to an abrupt end at least on Friday. Better
relative performance? Perhaps, but most carbon-based investors could care less
about such arcane institutional distinctions. Friday was a “get me out” day.The
dollar (UUP) was stronger which crushed precious metals (GLD) & (SLV) and
commodity tracking sectors (DBC) overall, a very ugly day. Stocks had their
worst day in four months which is the opposite of the previous week’s headline
of best week in five months—wash, rinse and repeat.In the eurozone, EU
ministers have an agreement to provide a banking regulatory vehicle. But the
details and calendar of doing so are sketchy. The Spanish delay strategy is
clearly designed to seek a better set of conditions for a bailout. They don’t
need one “today” but will eventually. So the meme going around bullish circles
today that the eurozone is fixed is laughable. There isn’t much to add as now the FOMC meeting next week is in focus not
to mention the election and other potential surprises. The FOMC will make
another announcement on Wednesday. They have very few tools left at their
disposal except perhaps lowering bank reserve requirements. Cutting interest
rates to zero doesn’t seem a sensible option. Perhaps even the glamour of the
Bernanke/Draghi Put is fading as well. Another presidential debate
then it’s a sprint to the finish. Given the tightness of the polls, ZH posted
the notion of a Gore/Bush type of election outcome which could take us to the
fiscal cliff in a political mess. How fun would that be? We had moved a
substantial amount of the major index positions from long to cash at the
beginning of the week. This seemed dumb by Thursday morning but now seems
neither astute nor dumb. So is it a buying opportunity or just a move to the
sidelines for now. We choose the latter for now. Trying to make sense of
markets especially in this centrally planned economy, can make anyone look
foolish.As indicated volume was higher on selling as no doubt many trailing
stops were triggered. Breadth per the WSJ was quite negative approaching a
10/90 day…’ , Spain’s
Back In Crisis Mode… And Will Take The EU Down With It http://albertpeia.com/spainbackincrisismode.htm , This
Is Why, To An Economist, QE Refuses To Work
ZeroHedge.com { A very important point/reference is made here infra
regarding the reality of ‘grant’ (bribe) money which is why academics are,
though contraindicated in terms of reality and 4 years of failure, backing
obama in lock-step legion. Truly pathetic and indicative of decline! True
desperation! } There is practical, everyday common sense... and then there is
economics. Because when it comes to explaining why a square peg won't fit into
a round hole, only an economist will tell you, over and over, that
it will eventually
happen, one must just tweak the theory a little first, and then reality will
promptly follow. And while even economists have enough of a frontal lobe (and
realize there is little grant money) to pursue intractable pegs and hole
problems, when it comes to the theory at the heart of their beloved Keynesian
voodoo religion, namely Quantitative Easing, the answer is always one, and it
is very simple: we need more ! Yet even economists
are not naive enough to not recognize that QE has not worked in any of its 4
previous iterations (logically, as if it had there would be no need for a
fifth, open-ended one). Where it gets fun is watching them come up with amusing
yet convoluted, involved and outright demented explanations, some even in chart
format, why QE keeps on failing. Below, we present just such a graphic
explanation which only an economist could love, or care about. , R(osenberg)
& B(ernstein): Two Ex-Merrill Colleagues, Two Opposing Outlooks, One
Permabull Rebuttal Earlier this
week two former Merrill colleagues, since separated, were reunited on several
media occasions, and allowed to spar over their conflicting views of the world.
The two people in question, of course, are Gluskin Sheff's David Rosenberg,
best known during the past 3 years for not drinking the propaganda Kool-Aid, and
systematically deconstructing every "bullish" macroeconomic datapoint
into its far more downbeat constituent parts, and his ebullient ex-coworker,
Richard Bernstein, formerly head of equity strategy at a firm that had to be
rescued by none other than Bank of America and currently head of RBA advisors,
who just happens to be bullish on, well, everything. And since any attempt at
holding an intelligent conversation on CNBC is ultimately futile (as can be seen here ) and is
constantly broken up by both ads, and interjecting anchors and show producers
who care far less about facts than keeping the presentation 'engaging' (and
going to such lengths to even allow Jim Cramer to have his own TV show),
Rosenberg decided to dedicate his entire letter to clients today to
"providing a rebuttal" of the slate of reasons why according to
Bernstein the "we are on the precipice of a 1982-2000 style of secular
market." What follows is one of the most comprehensive "white
papers" debunking the bullish view we have seen in a while. Read on. , Goldman's
Releases Walkthru "Toolkit" Of How It Will Respond To Second Coming
Of Greg Smith's Muppetgate , If
The Market's Disconnect With Economic Reality is Over, Watch Out Below , Today's
Redbull-Sponsored Market Plunges By Most In 4 Months , Why
Rajoy's 'Delay-And-Pray' Strategy Won't Work
, This
Is The Housing Bubble Beneath The "Recovery" We want to 'believe', we really do; but
anyone with any sense (and no skin in the game) can see through the data; the eon-like
periods of foreclosure and the drastically reduced supply. No matter how
'bullish' homebuilders are, or how much they dream of a future pickup, calling
the recovery (as Bob
Shiller recently noted ) is just a fool's errand. The truth is, for the average
citizen, housing is not recovering - the wealth effect is not creating animal
spirits - and we do indeed have more to fear than fear itself. The following 79
second clip from Bloomberg TV should perhaps clarify the 'difference' in demand for housing . Primary
residence 'buyers' are down remarkably, while 'investors' are up dramatically - now at pre-crisis
bubble levels! Perhaps, as
we noted here , Och-Ziff's stepping away from the 'flip-that-house' or
'REO-to-Rental' game is as good an indicator of exuberance as any. , Spain's
Regional Bailout Fund: A Drop In A Bucket Of Insolvency , Bill
Gross Warns "Very Likely' Central Banks Will Cause 1987-Like Crash
Two bank failures take U.S. tally to 46, FDIC says Marketwatch
Microsoft’s benefit of the doubt is done Marketwatch {
Indeed! }
Pimco says U.S. downgrade imminent Marketwatch
Sales of existing homes decline 1.7% in September Marketwatch
Inventories decline 3.3% to 2.32 million units/ Inventories represent
5.9 months of supply
Banks lead Europe stocks lower amid earnings woes Marketwatch
55
Facts About The Debt And U.S. Government Finances That Every American Voter
Should Know
The
Economic Collapse | The future of the United States of America is being
systematically destroyed by our politicians, but unfortunately most Americans
don’t really grasp exactly what is happening.
Keiser Report:
Enema of the State
RT.com | Max Keiser
and Stacy Herbert discuss banksters having the “eyes of used enema resellers.”
U.S.
to Get Downgraded Amid Fiscal ‘Theater,’ Pimco Says
Bloomberg | The
sovereign credit rating of the U.S. will be cut as “fiscal theater” plays out
in the world’s biggest economy.
Feds
Give Welfare to the Dead, Deny Medicare to the Living
Michael
Tennant | The federal government has been paying welfare benefits to the dead
and withholding Medicare benefits from the living.
U.S.
Taxpayers Spent $5.6 Million in 2011 to Preserve Cultural Landmarks – in Other
Countries
CNS
News | U.S. taxpayers spent $700,000 in 2011 to help conserve the ruins of a
9th century city in East Africa, according to a State Department report.
Google
Stock Plunges: Trading Halted After Earnings Report Shows 21% Decline
Year-Over-Year
Mac
Slavo | Following the trend of shipping company Fedex, the largest advertising
venue in the world is showing signs of strain in a weakening global economy.
Germany’s
Merkel Calls for EU Veto Power Over National Budgets
New
American | If approved, the EU would have more power over its formerly
sovereign members than even the U.S. federal government has been able to usurp
from American states.
10-18-12 Dave’s Daily: http://www.etfdigest.com ‘GOOGLE SLIP ROCKS MARKETS 10-18-12 China’s GDP
data fell to 7.4% from 7.6% previously. This caused a rally in Asia in general
on ideas of more stimulus which the Chinese have sent mixed messages. One report said they
wouldn’t be doing any QE like their global peers fearing inflation while others
have stated the opposite. China isn’t that transparent but neither are we given
some of the data U.S. authorities have been issuing.Jobless Claims return to
normal after the BLS and DOL realize they screwed up (388K vs 365K & prior
revised from 339K to 348K). So a bump of 48K higher in claims even with
revisions is the highest in many years. This comes with little explanation with
bullish spin from financial media attributed to unnamed technical and/or
seasonal considerations. The Philly Fed was positive (5.7 vs .5 expected &
prior -1.9). Leading Indicators were unsurprisingly positive (.6% vs .2% &
prior -.4%). UBS states there
were 3 more incidents of fraudulent trading by employees just now discovered.
These banks are too big to manage properly and current risk management
capabilities are inept obviously.The dollar (UUP) had a slight uptick while the
poorer Chinese economic data caused gold (GLD) prices to drop modestly once
again. Chinese gold imports of gold are down but they’re still importing and
are large producers of the metal.Oil prices (USO) dropped on supply (2.86
million bbls vs 1.3 million bbls expected) and most commodity markets (DBC)
were flat to weaker. Bonds (TLT) were weaker even as stocks were mixed to
weaker.Google (GOOG) stole the earnings show Thursday as their earnings report
was released early and by accident. The “note” on the release stated “pending
Larry” meaning it had to be approved first. That person who sent it is now
looking for work somewhere like Alta Vista. No matter since the earnings and
revenues were terrible unless “Larry” decides to alter them which he can’t. 165
hedge funds and most of Wall Street talking heads are long the stock. They were
all over the airways today saying the stock must be bought now, but they’re
talking their books clearly. The report is what matters ($9.04 vs $10.65
expected & revenues $11.33 billion vs $11.86 billion) not the release
timing. It still remains a great company but at what price and PE? This is what
the market will try and sort out.Tech overall has been underperforming (IBM),
(AAPL), (GOOG), (XLK), (SMH) and financials (XLF) have been outperforming.
There’s a change in leadership if a rally continues favoring the latter. It’s important to remember a
couple of important issues. With tech you pay a premium (higher PEs) for
growth. Should growth falter for any reason PEs get compressed more rapidly since
investors didn’t get the growth they were paying for. (Note: after the close
MSFT missed on both revenues and earnings.) There has never been a
bull market in history without financials either in the mix or leading. Since
the 2009 low, financials rallied smartly but over the last 2 years they’ve been
range bound as doubts going forward have vexed investors. Now they seem at
another important resistance area with a chance to move forward—a chance.Volume
picked up slightly but still remains on the light side while breadth per the
WSJ was mostly negative...’
The failed banana republic/welfare state
of california, for wobama with eyes closed, a corruption/fraud/crime-ridden
state desperate to help 4 year failure obama by whatever fraudulent/corrupt means:
‘…Business Insider's Henry Blodget claiming that "Well, we're glad to
say that we've finally gotten to the bottom of what happened" and that the
state in question is none other than California (supposedly as opposed to
Illinois to shut up those wacky conspiracy theorists). Turns out the site known
best for its slideshow presentations (which will soon double down as advertisements ) may have once
again fibbed just a little, following an official demand by none other than
California state Employment Development Department direct, Pam Harris (the
typical lying nigger), that BI retract its article. To wit: "Reports that
California failed to fully report data to the U.S. Department of Labor, as
required, are incorrect and irresponsible... It’s unfortunate this ‘reporter’
and others who repeated the article’s erroneous statements chose to speculate
rather than report, failing to confirm this information with EDD." Sure
enough, the 'reporter' in question replied, and it appears that Business
Insider is better informed than California when it comes to matters such as
these, and has refused to retract…’
http://www.marketwatch.com/story/ignore-volatile-jobless-data-hiring-still-slow-2012-10-18
‘…The culprit: California. The
nation’s most populous state appears to have shown a smaller number of claims than
usual two weeks ago. The seeming shortfall was probably made up for in the most
recent data. Since California is the state with the highest number of overall
claims, it can have a big influence on the weekly U.S. report. The number of
people who apply for benefits each week in the Golden State is roughly equal to
New York, Texas and Illinois combined. A message left with the employment
development department of California wasn’t immediately returned…’
What can you expect from niggers...0!
The niggerization of caifornia: 10
states stealing California's population { Stealing? I
don’t think so. There’s really nothing positive to say about california as a
(w)hole! Only jersey is worse! http://albertpeia.com/calihole.htm And, as recently as the Reagan ‘80’s that
was not nearly the case concerning california which has fallen far and fast.
} ,
What Do California And Detroit
Have In Common? (Hint: niggers, etc.) http://albertpeia.com/californiadetroitdeclineincommon.htm { Not to be confused with the baseball
Tigers: Congratulations on their pennant win! Go Big Cats! }, Failed Wobama
model illustrated: 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm Pro 0 New York’s not much better with their trillion dollar wall street
frauds/drain.
http://theeconomiccollapseblog.com
http://albertpeia.com/55factsaboutusdebtfinancesvotersshouldknow.htm
Microsoft earnings fall ahead of slate of releases { There should
be no surprise here … microsoft word/windows 2000 professional … that’s it …
all downhill thereafter … newer op systems are invariably unstable regardless
of the amount of ram or processor (ie., AMD/Intel). Terrible! Pathetic!
Horrible! What can you expect from a failed government protected monopoly. }
http://endoftheamericandream.com
http://albertpeia.com/50crazythingswobamasupportersthreatening.htm
{ The question is do americans have the courage to stand up to the
uncivilized terrorist niggers by giving the deserved boot to an egregiously
failed president obama who has proven himself to be a typical jive-talking
b***s*** nigger himself! Or, are americans going to cower in fear of the nigger
threats and prove to the world they are but cowards of a failed nation. }
http://theeconomiccollapseblog.com
http://albertpeia.com/massiveriotsinamerica.htm
{ Ah,
yes, says the optimist who sees the opportunity in every calamity and not vice
versa. Indeed, President Romney’s election based upon american people’s
survival instincts and an awakening from the wobama b***s*** slumber of decline
will provide the opportunity to incarcerate the niggers who will use such as an
excuse to do what they’re inclined/predisposed to do anyway, and in one lawless
form or another, are already doing. Prison or sub-saharan Africa are the only
places suitable for niggers. Let no man, woman, or child fall prey to their
intimidation and uncivilized violence. http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm VIDEO: Black Student Becomes Enraged In Evolution
Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm }
ZeroHedge.com
The ridiculous economic data continues.
Those looking at the headline Philly Fed, which jumped from -1.9 to 5.7,
trouncing expectations of 1.0, such as the NY Fed's Simon Potter are pushing
buy buttons left and right. And yet anyone who takes the 2 minutes to look at
the internals, such as the collapse in the Number of Employees Sub-Index, which
tumbled from -7.3 to -10.7 (the lowest since September 2009), the decline in
the Average Employee Workweek, or the surge in Prices Paid from 8 to 19, double
the change in Prices Received which means plunging corporate profits, or the
ever critical New Orders which declined from 1.0 to -0.6, and one can see why
this is a report only an Econ Ph.D- cum -Central Planner can love. Finally
adding insult to injury, is the 6 month forecast, which unlike all other
regional Fed diffusion indices, collapsed by half, from 41.2 to 21.6, as the
Hopium at least in the city of brotherly mugging appears to be running out.
Stocks kneejerk in every possible direction hoping the Fed will provide a
direction.
Submitted by Tyler
Durden on 10/18/2012
Translation: Goldman is now buying Brent
from its clients, aka Goldman 101.
Submitted by Tyler
Durden on 10/18/2012
Homework favors the wealthy. This is the position that the
increasingly imbecilic President of France is taking in proposing a ban on homework as part of a series of
educational reforms. As ABC
reports , Hollande sees "education as a priority" but work should be
done during school hours rather than at home "in order to establish equal opportunities." But before the
children of France rejoice, Hollande is unlikely to garner their future votes,
as his proposal also looks to extend the French school week to nine half-days a
week to be spread over four, five, or six days (as opposed to the current four
days a week with Wednesdays off). Though we may sneer at this oh-so-socialist
ideal of 'sharing' the homework load into the school-day, it is perhaps
noteworthy that the US still lags France in Math ( US 31st in the world vs France 22nd ).
Submitted by Tyler
Durden on 10/18/2012
So much for last week's aberration
initial claims print of 339K (revised higher of course to 342K). With
expectations of an increase to 365K, the DOL just came out with a whopper of a
miss, the largest in three months, at 388K, an increase of 46K in one week,
which was also the highest print in three months. Remember: this number will be
revised to 391K next week. So much for single print indicative of a recovery.
As the chart below shows, the rate of change was a 13.45% from last week: the highest in five years ! So far, there
has been no explanation from the BLS or DOL for last week's outlier print. And
no, last week's print was not due to California, which the DOL reported
just decreased by 4,979 in the week ended Oct 6, not the required 49K. What is
however worse, is that it is becoming increasingly clear that nobody at the DOL
knows what is actually going on following
a statement by the Labor Dept that " it appeared that state-level administrative issues were
distorting the data ", and numbers are simply picked out of thin air.
Finally, in truly amusing news, those on Extended Benefits have once again
started to rise, after dropping to virtually 0 following expiration of state
benefits.
Keiser Report:
Enema of the State
RT.com | Max Keiser
and Stacy Herbert discuss banksters having the “eyes of used enema resellers.”
U.S.
to Get Downgraded Amid Fiscal ‘Theater,’ Pimco Says
Bloomberg | The
sovereign credit rating of the U.S. will be cut as “fiscal theater” plays out
in the world’s biggest economy.
US
unemployment aid applications jump to 388,000
foxnews.com | Weekly
applications for U.S. unemployment benefits jumped 46,000 last week to a
seasonally adjusted 388,000, the highest in four months.
Foxconn
says underage workers used in China plant
Reuters | Foxconn
Technology Group, the world’s largest contract electronics maker, has
acknowledged hiring teenagers as young as 14 in a Chinese factory.
U.S.
to Get Downgraded Amid Fiscal ‘Theater,’ Pimco Says
Bloomberg | The
sovereign credit rating of the U.S. will be cut as “fiscal theater” plays out
in the world’s biggest economy.
Chinese
Electricity Consumption And Production Both Point To Sub 7% GDP Reality
Zero
Hedge | GDP is now trendlining well below the official 7%.
Former
U.S. Comptroller Says U.S. Faces Fiscal “Abyss”
New
American | Former U.S. Comptroller General of the United States David Walker
just finished another tour across the country promoting “fiscal reform and
responsibility”.
10-17-12
Dave’s Daily: http://www.etfdigest.com MARKETS DIGEST EARNINGS & EUROZONE 10-17-12 Another short post as
I have my usual seasonal bug, which with meds, renders me weak. Moving on
we see Housing Starts increasing by 15% which makes me wonder, do we need more
inventory? But realtors like to tell me people want “new” versus older homes. I
can understand this but many older homes are still selling way below their
replacement costs.The old game with earnings reports is still
ubiquitous—companies and analysts lower expectations sharply then reports beat
and relevant stocks rise. There’s also little new with accounting gimmicks and
adjustments. Bank of America (BAC) is still writing down its Countrywide assets
so net of that the company beat lowered estimates. With the combination of
adjustments and lowered expectations the company beat by reporting flat
earnings vs a small loss. IBM on the other hand missed on revenues which saw
the stock much weaker. As a heavyweight in the price-weighted DJIA the headline
index was somewhat weaker but ex-IBM was probably much higher. Intel (INTC)
beat earnings expectations as well but forecast weaker growth going forward and
the stock declined. Most importantly is most revenues are declining as American
Express (AXP) just reported earnings that matched expectations but revenues
missed and declined.Leading markets higher were financials (XLF), energy (XLE)
and homebuilders (ITB). The dollar (UUP) was much weaker while precious metals
(GDL & SLV) were only slightly higher. Bonds (TLT) were weaker while
commodities (DBC) and oil (USO) struggled to maintain unchanged levels.Overseas
markets were cheered by some partial agreements with Spain (EWP) which makes me
think current “baby steps” will see us revisit the situation again and
again.Volume on Wednesday was once again ultra-light and breadth per the WSJ
was positive overall…’ , Two Facts You Need to
Know Before November 6th http://albertpeia.com/twofacts.htm , Taxpayers
To Recover $0 On Solyndra , Chinese
Goldilocks GDP: Q3 Economy Goalseeked Just As Expected At 7.4% ,
'Shadow
Banking' In China The process was a cornerstone of the government’s
control over the economy. The vast majority of banks in China are
controlled by the government, so the “who and when” of lending was firmly in
the hands of China’s leaders. But, the years 2008/9 will be remembered as watershed years for Chinese
finance , as two trends appeared – an economy relying
increasingly on debt creation for growth, and that debt creation becoming more
and more complicated and obscure - making it is easy to see why so many
officials and analysts are worried about the 'hazy and complicated area of
finance' out of teh government's direct control. , Bank
Of America Gimmicks Continue - Chargeoffs Soar To Highest In A Year, As Loan Loss
Release Surges , Och-Ziff
Calls Top Of "REO-To-Rental", And Distressed Housing Demand, With
Exit Of Landlord Business The primary, if
not only, reason there has been a brief spike in subsidized demand for housing
in recent months, has been the GSE/FHFA
endorsed REO-To-Rental plan, and associated
securitization conduits , in which large asset managers have been encouraged to
take advantage of government funded, risk-free financing (and entirely
bypassing banks who have given up on loan origination due to legacy liability
issues which have every bank tied up in litigation from now until Feddom come -
just see today's Bank of America results) and purchase foreclosed properties in
bulk, with the intention of converting them into rental properties. Needless to
say, the subsidization of this wholesale purchasing of foreclosures, coupled
with the ongoing " foreclosure
stuffing " pursued by the big banks (as a reminder days to foreclose in
California just hit a record 1,072
per RealtyTrac as banks simply refuse to clear housing inventory faster
knowing full well withheld inventory is an additional clearing price subsidy)
is the main reason why the punditry has been confused into believing there is a
housing rebound. That this "rebound" is merely a subsidized demand
pull phenomenon a la the "cash for clunkers" auto sales program is
patently clear to most. Nonetheless what little confusion is left, is finally
coming to an end, thanks to none other than
one of the first entrants in the REO-To-Rental space, $31 billion hedge fund
Och Ziff, which a year after entering the program with hopes of quick riches , is now looking to cash out. , Guest
Post: Housing Starts And Permits: Euphoria May Be Premature This morning's New Home Starts and Building Permits was called by
some 'The Most Bullish Development On The Entire Earth'. That is indeed a very
bullish statement about a sector of the economy that is still running at very
recessionary levels of activity. However, let's analyze the data beyond the headline to determine what is really
occurring . Among the various 'surprises' are seasonal adjustments,
as we saw with the retail sales, were exceptionally large in September; the
underlying fundamentals, especially in the 25-35 cohorts, are simply not in
place to create a sustainable upturn in housing; and the disconnect between the
housing data and the real demand for construction workers. The current activity falls well within the bounds of normal
volatility , and we will likely see revisions lower in the coming
months ahead, as seasonal variations began to negatively impact the data
towards year end. The important point, however, is that while the housing data on the surface is showing
improvement the more important components to sustainability from employment to
lending are not .
Peak P/E? on 10/17/2012 There is little
doubt that asset prices have responded to Central Bank promises and actions.
Even as bottom-up fundamentals are fading, top-down index 'nominal prices' rise
on the back of magical multiple expansion - which is defended from on high by
sell-side strategists the world over on the back of 'recovery' is just around
the corner. The trouble is there's a
limit and it seems - from QE2 and LTRO - that we are rapidly approaching that
limit ; and with earnings outlooks being revised lower, perhaps
we are at peak P/E for this cycle of QE?
Submitted by Tyler
Durden on 10/17/2012
Obama takes
offensive against Romney in debate rematch ( Reuters )
Obama Says
Romney Words Aren’t ‘True’ in Second Debate ( Bloomberg )
Obama takes
Romney head-on in debate ( FT )
And another
joins the club: Thailand Unexpectedly Cuts Rate as Global Outlook Worsens ( Bloomberg )
PBOC Injects
Less Cash ( WSJ )
Japan to Hold
Special Cabinet Meeting After Economy Downgraded ( Bloomberg )
Greek Coalition
Duo Reject Labour Moves Proposed by Troika ( WSJ )
Opposition
wanes to Spanish aid request ( FT )
RBS to Exit
U.K. Asset Protection Plan After $4 Billion Fees ( Bloomberg )
Spain Retains
Investment Grade Credit Rating From Moody’s ( Bloomberg )
US diplomat
asks Japan, ROK to resolve islands spat ( China
Daily )
Stagnation not
due to austerity, says OBR ( FT )
Sales
stumbles raise fresh worry for corporate America
reuters.com | Slowing
world economy took a toll on sales of products.
Ron Paul on
the Real Unemployment Numbers
Infowars.com | Situation on
the ground looks nothing like a recovery.
Our Greek Tragedy
John Myers | Regardless
of who the President is after this close election, the equity markets and the
U.S. economy are in trouble.
Submitted by Tyler
Durden on 10/16/2012
Well, who knew it was gonna actually get
close to fisty-cuffs? According to CNN Polls, 65% believe Obama won (with 50%
saying by a lot) and 19% that Romney won by a lot. Obama dominated speaking time 44:05 to a mere 40:50 for
Romney ( almost
the same margin as in the last debate ); but Romney (somewhat ironically) crushed Obama in the
drinking game 44:23 . Obama Intrade Odds wavered during the debate ending
marginally higher but S&P 500 futures are tracking lower. Twitter interest
fell 30% from the first debate. Full Bloomberg Headlines and Top Ten Debate
Lines below. Obama uttered a brisk 7651 words for a 173 word/min pace (172 last
debate) while Romney's 8006 words
were spoken at a 196 word/min pace (slower than his 217 pace of the last
debate) but still the winner . So, time: Obama, drinking-game:
Romney, word-count: Romney - the winner of tonight's debate is Mitt
Romney .
The debate: Crowley crossed the line (MarketWatch) — Presidential debate
moderator Candy Crowley crossed the line Tuesday night when she sought to
clarify a point about the recent terrorist attack on the U.S. consulate in
Libya.
CNN | CNN’s Candy Crowley admits that Romney was actually right during the
debate on the Libya remark.
Federal
Gov’t Funding Police Spotters on Overpasses in Two States
CNS
News | Thanks to a cash infusion from the Obama administration, motorists in
Connecticut and Massachusetts may see police spotters on overpasses.
Guardian
‘seriously discussing’ end to print edition
London
Telegraph | The publisher of the Guardian and Observer newspapers is close to
axing the print editions of the newspapers.
Hours
Ahead Of The Presidential Debate, Total US Debt Hits Record $16.19 Trillion
Zero
Hedge | The number in question:$16,190,979,268,766.67.
Obama:
“We Are in the Midst of a Huge Recovery”
Mac
Slavo | Thanks for trying Mrs. Obama, but we’re not buying it.
Drudgereport: GALLUP:
R 51% O 45%
DICK
MORRIS: Romney won the second debate... Threats
to Assassinate Republican Romney Explode on TWITTER After Debate...
REPORT:
White House contradicts president's statement on Benghazi terror attack...
Despite
Pledge of Open Government, Obama Prosecuting Whistle-Blowers as Spies...
'When
I Was President'... {
Indeed, past tense for O and more than a Freudian slip as he heralds in new
President Romney, writing on the wall though not his teleprompter! }CAUGHT
ON TAPE: Michelle O Broke Rules, Clapped During Debate... 'On
Nov. 7, We're Going to Party Hard'...
U of
Colorado Study: 77% likelihood Romney wins popular vote...
Record
High Enrollment for Food Stamps: 46,681,833...
FOURNIER:
Verdict Uncertain... TREAT:
Candy gives Obama 9% more time... TRICK:
Candy 'Throws the Flag'... CANDYLAND:
Romney was 'right in the main' on Benghazi, but 'picked the wrong word'... Another
debacle for America's media... Reporters
applaud Obama's slam on Romney's wealth... Pelley:
'Most Rancorous Debate In History'... 'Nauesating'...
Reporters
Get Drunk at Debate... LUNTZ
GROUP: BIG SWING...
A Frank Luntz focus group made up mostly of former Obama
voters say they now support Mitt Romney.
Farrakhan's
Fiery New Warning to USA: 'Every Plague Written in Koran is Going to Come to
Pass'...
Yes, they are the other, more nefarious black plague! }
Violent
crime rises sharply... 6:53PM EDT
October 17. 2012 - WASHINGTON — The violent crime rate went up 17% last
year, ending a general decline in violence that began nearly 20 years ago,
according to a new federal survey of crime victims.The Justice Department's
National Crime Victimization Survey also found an 11% increase in the rate of
property crimes, including household burglaries and car theft.’ { Come on!
Perenially understated, these understated crime numbers don’t even take into
account ‘protected/unprosecuted’ wall street frauds/crimes in the trillions.
And, how about those fed paper bucks that ‘fell off the fed trucks’ even just
recently; kind of like those 360 tons of $100 bills ($12 billion) flown into
Iraq that just ‘disappeared into thin air’, etc.. }
Driver
Doesn't Stop For 8 Blocks As Men ( two niggers ) Viciously Beat Woman On Public
Bus...
Greece
faces anti-austerity shutdown as EU meets... 'In
depression'...
10-16-12 The
Last Days Of America? 25 Signs Of Extreme Social Decay http://albertpeia.com/lastdaysofamerica.htm , Waiting On November 6th http://albertpeia.com/waitingforgodoe.htm , Why
Intel Better Not Be Economic Bellwether This Time Around ZeroHedge.com For those who missed it earlier, Intel reported results that were
just slightly better than expected, and yet the stock tumbled over 3% after
hours. The reason is because despite a weak quarter which had been pre-guided
down by the sellside community every so effectively, the semiconductor
manufacturer saw even more weakness in Q4. Those who wish to read the details
can do
so here . For everyone else who is more of a visual learning bent, we present the
following chart which shows the year-over-year change in Intel revenue, which shows
that for the first time in 12 quarters, INTC reported a decline in annual
revenue. Furthermore, there is virtually no question that Q4 will
also see a revenue decline: the only question is whether it will be greater
than Q3's 5.5% Y/Y drop. , Destroying
The Myths Of Bernanke's Brave New World Of QEtc. Entering the final quarter of the year, Lacy
Hunt and Van Hoisington (H&H) describe domestic and global economic conditions as extremely
fragile . New government initiatives have been announced,
particularly by central banks, in an attempt to counteract deteriorating
economic conditions. These latest
programs in the U.S. and Europe are similar to previous efforts . While prices
for risk assets have improved, governments have not been able to address
underlying debt imbalances. Thus, nothing suggests that these latest
actions do anything to change the extreme over-indebtedness of major global
economies . To avoid recession in the U.S., the Federal Reserve
embarked on open-ended quantitative easing (QE3). Importantly, in their view, the enactment of QE3 is a tacit admission by the Fed that
earlier efforts failed, but this action will also fail to bring about stronger
economic growth . H&H go on to break down every branch that Bernanke
rests his QE hat on from the Fed's inability to create demand, to the de
minimus wealth effect, and most importantly the numerous unintended
consequences of the Fed's actions.
, Hours
Ahead Of The Presidential Debate, Total US Debt Hits Record $16.19 Trillion , Stocks
See Biggest 2-Day Gain In 5 Weeks On...Denied Rumors? UPDATE: IBM -3% after-hours (equiv. 50 Dow Points) Citi was the
headline-maker of the day and is now (somehow) up 12.4% from QEtc. AAPL's low
average-trade-size but reasonable volume rip (+2.3%) just failed to fill the
gap-down from 10/5 but provided just the excuse the market needed to rip on a
debate-day. Tech remains the only sector in the red post-QEtc. The last two days we have seen the same pattern play out
as in the last few weeks, a plunge-plunge-linear-ramp with the opposite scale
on volume during these moves . Today's equity market levitation
was predicated on rumors of a pending credit line with Spain - which was denied
by everyone involved but by then correlations were high and momentum was in
charge . FX markets are highly dispersed with JPY weakness and EUR strength
leaving the USD -0.44% on the week . Commodities
recovered a little on the day with Oil/Copper +0.25% on the week and
gold/silver still lagging. Treasuries
bear-steepened with 30Y +8.5bps . VIX dropped marginally to 15.22%.
Credit was dead after Europe closed, underperforming equities push. , As
Coke Goes, So Goes 20% Of The Greek Stock Market (Which Is Now Smaller Than
Vietnam's) , Confusion
Reigns In Europe , The
Curious Case Of Debate-Day Stock Market Surges In addition to the mysterious volley of
recent economic data points that have blown even the most optimistic
expectations out of the water, it is perhaps notable that not only is the
economy in agreement with the status quo in the month before the election, but
so is the market, and as can be seen below, on presidential (and vice) debate days, the market has
posted some truly six sigma returns . For the month of October, the
S&P 500 futures have risen a cumulative 20 points on the days of the
debate; and fallen a cumulative 4.75pts on the non-debate days. Forget needing moar QE, we need moar debates! While we leave
up to our readers to divine the implications of such outlier moves on debate
days, our only suggestion for those who have missed their opportunity to buy
the central bank policy vehicle, formerly known as the S&P 500, with both
hands and feet, is to wait until the next presidential debate and go all in.
After all, "it's only fair"
that the market will soar hours ahead of the two teleprompter-less candidates
debating highly irrelevant stuff.
, Why
A Balanced Budget Is Impossible In America
If the US government cut all government services except Social
Security, Medicare, Medicaid, and interest payments, federal spending would
still outpace revenues . As we
noted here , these four mandatory items dominate
costs. All the arguing over sequestration and the fiscal cliff are moot since
as Professor Antony Davis notes in this brief clip, there are no specific cust
that will enable government to balance the budget; in fact "nothing less than a complete redesign will solve
the problem." That redesign begins with determing the proper role of
government.
Guest
Post: The Future of America Is Japan: Stagnation Japan's economy has stagnated for two decades despite the global economy
experiencing one of its greatest economic booms ever. Japan
continues to avoid fiscal or financial crisis, and perhaps it can do so for
decades to come. But we should note that Japan has had the incredible,
once-in-a-lifetime tailwind of a global boom for the past 23 years. That has
enabled Japan, and all the other developed economies, the means to avoid facing
their structural and demographic problems. If Japan's economy has stagnated
during a global boom, what will it do during a global bust? Japan's stable stagnation will continue in a linear
fashion--until it doesn't.
China
Continues To Boycott Treasurys As Japan Prepares To Become Largest Foreign
Holder Of US Paper Where there were
notable developments in today's TIC report, was in the composition of buyers of
US paper, which showed that for yet another month, there has been virtually no
buying interest in US paper by the biggest non-Fed holder: China, whose total
TSY holdings were $1,154 billion, down $12 billion since the beginning of the
year, and down a whopping $125 billion from a year ago. Ironically that other
massively indebted country, Japan, which has Y1 quadrillion in its own public
debt to deal with, for a debt/GDP ratio will above 200%, continues to load up
on US paper, as the biggest paper ponzi scheme continues going ever higher and
nothing possibly can get in the way. In fact, as the chart below shows, the
difference between total Chinese and Japanese holdings has declined to a record
low $32 billion, and will likely see Japan surpass China as the biggest holder
of US paper very soon.
10-15-12 Dave’s Daily: http://www.etfdigest.com ‘CHUCKY THE CONSUMER IS BULLISH 10-15-12
The “bad news is good and good news is
better” theme was once present again Monday. The good news was from Retail
Sales were higher (1.1% vs expected .9%) and previous data for July and August
were also revised higher. Gains were from autos, gasoline and electronics
(iPhones?). The U.S. consumer loves their cars and gadgets. There’s a lot of peer
pressure for the “I got to have it” crowd and auto companies are self-financing
now even featuring sub-prime lending. Consumers are buying more inefficient
vehicles even as gas prices climb. They want their guzzlers but rage at the gas
prices which is odd. Also Citigroup
(C) reported earnings which were better than expected ($1.06 vs $.98). This was
based in large part on an increase in bond trading revenue. Since QE3 is just
underway perhaps the build in MBS and other Treasury bond trading was building to
feast on Fed buying. The company is also going to divest itself of Smith-Barney
and cut more jobs. The bad news
was from a still weak Empire State Mfg Survey (-6.16 vs -3 expected & prior
-10.41) so the beat goes on there. Curiously Fed Governor Bullard, currently a non-voting FOMC member and
previous QE advocate, fretted Monday that QE was hurting savers. Who knew?!? Over the weekend China reported more
moderate inflation data but there was also an article from Xinhua and featured
in Reuters indicating
the Chinese aren’t interested in QE. Remember, unlike the U.S. the Chinese
report gross inflation data skipping the weird “core” rate we’ve come to expect
from the BLS. Stocks started
the trading day rather tentative given the more positive news and then jumped
later as investors seized on the “risk on” environment. Stocks clearly were led
higher by financials (XLF), healthcare (XLV) and a homebuilder’s bounce (ITB)
while bonds (TLT) were weaker. The dollar (UUP) was firm while precious metals
(GLD & SLV) declined sharply. The latter was occasioned by no doubt premature
thoughts better economic data might cause the Fed to slow its money printing
agenda. This while supply constraints given the long South African miner’s
strike continues. Nevertheless the sector was weak and trailing stops were hit.
Commodities (DBC) overall were weak led lower by base metals (JJC) and oil
(USO). Volume was once
again a light affair while breadth per the WSJ was positive…’ , 21
Signs That The Global Economic Crisis Is About To Go To A Whole New Level http://albertpeia.com/21signsglobaleconomiccrisisabouttogetmuchworse.htm , Greece
Is Not Poor - It Actually Has Massive Uptapped Reserves Of Gold, Oil And
Natural Gas http://albertpeia.com/greeceyuntappedwealth.htm , US
Households Are Not "Deleveraging" - They Are Simply Defaulting In
Bulk ZeroHedge.com Lately there has been an amusing and very
spurious, not to mention wrong, argument among both the "serious
media" and the various tabloids, that US households have delevered to the
tune of $1 trillion , primarily as
a result of mortgage debt reductions (not to be confused with total consumer
debt which month after month hits new record
highs , primarily due to soaring student and GM auto loans). The implication
here is that unlike in year past, US households are finally doing the
responsible thing and are actively deleveraging of their own free will. This couldn't be further from the truth , and to put
baseless rumors of this nature to rest once and for all, below we have compiled
a simple chart using the NY Fed's own data, showing the total change in
mortgage debt, and what portion of it is due to discharges (aka defaults) of
1st and 2nd lien debt. In a nutshell: based on NYFed calculations, there has
been $800 billion in mortgage debt deleveraging since the end of 2007. This has
been due to $1.2 trillion in discharges (the amount is greater than the total
first lien mortgages, due to the increasing use of HELOCs and 2nd lien
mortgages before the housing bubble popped).
, Market
Thoughts From David Rosenberg
"The consensus view was that QE3 was going to send the stock market
to the moon. Yet the peak level on the S&P 500 was 1,465 on September 14th,
the day after the FOMC meeting. The consensus view was that the lagging hedge
funds were going to be forced to play some major catch-up and take the stock market
to the moon too. Surveys show that the hedge funds have already made this
adjustment...Q3 EPS estimates are still coming down and now stand at -3% YoY
from -2% at the start of October....this is the first time the Fed embarked on
a nonconventional easing initiative with the market overbought and with profits
and earning expectations on a discernible downtrend. Not only that, but the
fact the pace of U.S. economic activity is still running below a 2% annual
rate, which is less than half of what is normal at this stage of the business
cycle with the massive amount of government stimulus, is truly remarkable. Keep
an eye on the debt ceiling being re-tested — the cap is $16.394 trillion and we
are now at $16.119 trillion. This is likely to make the headlines again before
year-end — the rating agencies may not be taking off much time for a Christmas
break." , US
CEOs Opine On America's Debt And The Fiscal Cliff , NYSE
Short Interest Drops To 5 Month Low
{ Though somewhat counter-intuitive, this is actually a bearish
indicator. } One place where the S&P level still does have a modest
influence is the number of shorts in the market, which are strategically used
by repo desks and custodians (State Street and BoNY), to force wholesale short
squeezes at given inflection points, usually just when the bottom is about to drop
out. The problem is that even short squeezes are increasingly becoming fewer
and far between, for the simple reason that the Fed has managed to nearly
anihilate shorters as a trading class with its policy… , Jeff
Macke On Citi's Earnings: "These Numbers mean NO-THING" , Timberrrrr!...
Will Be The Best Performing Asset In Next 7 Years Per Jeremy Grantham; Large
Caps To Return 0.0% , Latest
Unintended Casuality Of QEtc.: Mortgage REITs
, To
Fight Hyperstagflation, Greece Will Allow Sale Of Expired Food Products , Guest
Post: The Future of America Is Japan: Runaway Deficits, Runaway Debts If you want to know how the Keynesian Cargo Cult's grand experiment in
borrowing money to fund bloated fiefdoms, rapacious cartels and bridges to
nowhere ends, just look west (from California) to Japan. The Japanese
State, partly because they seem to believe in the Cargo Cult, and partly to
avoid exposing the insolvency of their crony-capitalist financial sector, has
been borrowing and spending money on a vast scale for two decades. Rather than
face the fraud and corruption at the heart of American (and Japanese) finance
and governance, the Keynesians just want to leave the predatory, parasitic
crony-capitalist Status Quo intact and create an illusory world of bogus
"demand" and grotesque malinvestment funded by ever-increasing debt. Does anyone seriously think this is the "road to
recovery"? If you want a look at the fiscal future of the U.S.,
look west to Japan, a nation that sits precariously on a fiscal cliff a
thousand feet high. , US
Homeowners Launch Class Action Suit Against LIBOR-Manipulating Banks , Half
Of Citi's Adjusted Net Income Comes From Loan Loss Reserves; Home Equity Loan
Losses Surge , September
Retail Sales: Seasonal vs Non-Seasonal - Spot The Difference Just when we thought we may finally get one
decent economic data point which even we could get excited about, we decided to
look at the Non-Seasonally Adjusted September retail sales data. After all the
$4.7 billion seasonal increase in headline retail sales was the second highest
ever (in absolute terms, second only to 2004). Turns out our curiosity was an
enthusiasm-dowsing mistake, as a number which on the surface looked good, was
hardly validated by the Not-Seasonally Adjusted number, which plunged
by $31.9 billion. How does this September sequential change compare to
previous years? See the chart below and decide for yourselves if the massive
NSA plunge in September 2012 merits the second best seasonally adjusted retail
sales increase in history.
Submitted by Tyler
Durden on 10/15/2012
The economic data twofer this morning
was a beat and a miss. Retail sales
increased by 1.1% on expectations of a 0.8% increase, with the last
month's data being revised from 1.2% to 0.9%. Headline retail sales, ex autos
was up 1.1% on expectations of a 0.7% print, and up from an upward revised
1.0%. Some of the main drivers in the September retail sales pick up were in
electronics and appliance stores, which rose 4.5% from August (thank you iPhone
5), Gasoline Stations +2.5%, and Motor vehicle and parts dealers 1.3%, which
continue to be a notable driver of retail strength for the second month in a row.
As for the miss, it came from the Empire Fed, which increased from September's
-10.41, to -6.16, but missed expectations of a -4 print. New Orders improved
modestly from -14.03 to -8.97, and ironically was the only subindex in the entire
report that staged an increase. Shipments declined to a negative print, from
2.75 to -6.40. Declines were also recorded in Delivery Times, Unfilled Orders,
Inventories, Prices Paid, Prices Received, the average Employee Workweek, and
most importantly, Number of Employees which declined from 4.26 to -1.08. Not
even the forward looking indicators, so critical to consumer
"confidence" managed to rise, dropping from 27.22 to 19.42.
Submitted by Tyler
Durden on 10/15/2012
Hilsenrath
Humor du jour: Bernanke Advocates Stronger Currencies ( WSJ )
Auditors want
two more years for Greece on deficit ( Spiegel )
More bluster:
Schaeuble Rules Out Greek Default as Samaras, Troika Bargain ( Bloomberg )
And even more
bluster: De Jager Says Greece Needs to Make Fiscal Reforms Immediately ( Bloomberg )
Global Economy
Distress 3.0 Looms as Emerging Markets Falter ( Bloomberg )
Central bank
governor stresses inflation control ( China
Daily )
Greek Yields
Reach Post Debt-Swap Low as Bunds Slip on Schaeuble ( Bloomberg )
Roth and
Shapely win Nobel prize for economics ( Reuters )
Fed chief
rounds on stimulus critics ( FT )
IMF Board Sees
Biggest Power Shift Reshuffle in Two Decades ( Bloomberg )
EU Girds for
Summit as Nobel’s Glow Fades on Crisis Response ( Bloomberg )
Japan security
environment tougher than ever ( Reuters )
10-12-12 Dave’s Daily: http://www.etfdigest.com ‘OCTOBER DATA REMAINS QUESTIONED 10-12-12 It’s hard to accept a lot of the data being released lately. Once trust in
the data is lost investors will sour on releases for a longer period than you
might expect. This began last week Friday with the release of the employment
report. Yes, Jack Welch jumped on it as not credible and political. He was
dismissed as an old crank. But the data still remained counterintuitive to
most. Then came Jobless Claims Thursday recklessly released by the Bureau of
Labor Statistics (BLS) when it was incomplete. Away from the BLS Friday was the
U of Michigan Consumer Sentiment report which showed a spectacular and
historical beat of estimates (83.1 vs 78.3 expected & prior 78.3). This is
also weird since the number one thing commonly affecting consumers are energy
prices which are historically high. It might be that households think current
WH occupants will change in the future. Is that a reasonable conclusion? It’s
the only thing I can think of frankly.Friday the BLS was once again in the
picture releasing the Producer Price Index which was still higher (1.1% vs .8%
expected & prior 1.7%). But wait, what the BLS and officialdom wants you to
pay attention to are the so-called “core” rates. For this data point ex-food
and energy there was no inflation (0% vs .2% expected & prior .2%). So
headline writers (MarketWatch: “PPI Confirms Fed’s No-Inflation View”) and Fed
governors can tell people there is no inflation and what exists is dismissed as
“transitory”. Monday will feature the Consumer Price Index including the
headline number and “core” rate again. Let’s remember these data points have
been massaged and altered over since 1980 several times to get the data to a
point where entitlement payments by the government to recipients are more
manageable. This is quite silly and there is a lot of trickery in the entire
process. For example, while TVs, autos and Nike Lebron specials may cost more
today, the BLS asserts you’re getting more for your money ergo no inflation. So
when you growl over prices at the supermarket or gas pump do you feel thankful
that the “core” rate is deemed too volatile to be credible even though you
consume this stuff every day? I thought not.J.P. Morgan (JPM) delivered good
earnings that beat expectations ($1.40 vs $1.21) and Jamie Dimon asserted to
all that the housing market has now “turned the corner”. Wells Fargo (WFC)
followed with earnings ($.88 vs $.87 estimated) after adjustments. The bottom
line is both stocks fell on the day.Stocks just can’t seem to keep the bullish
trend going as October unfolds. Most indexes were down 2-3% on the week posting
their worst week in 5 months. Concerns about Spain once again surfaced about if
and when a bailout would be requested also weighed on stock prices. The other
day some had wondered if Spain would “opt-out” of the euro and move back to the
peseta which sounds seductive but actually isn’t. Who would then buy their
bonds? Is there a lack of trust in government data building? Perhaps. It may
also be due to the previous narrative that Obama would be reelected which
seemed bullish for some reason. Now a possible Romney election means more
uncertainty given bulls knew what they had with him. With either person winning
the so-called “fiscal cliff” looms. And, I admit this is all speculative on my
part.The dollar (UUP) was slightly weaker but gold (GLD) was much weaker. As
indicated stocks couldn’t get out of their own way and were led lower by banks
(KBE), financials (XLF), homebuilders (ITB), semiconductors (SMH) and miners
(GDX). Bonds (IEF) were firm and commodities (DBC) overall were weaker. Volume still remains ultra-light and
breadth per the WSJ was negative…’ , Bear market may begin Tuesday { We are in a
secular bear market (foolishly) obfuscated by fiat paper currency
creation/printing! } , Did Bernanke Bluff About QE3? http://albertpeia.com/bernankebluff.htm , Visualizing America's Economic
Freedom Plunge ZeroHedge.com As
we noted last week , the US, long
considered the standard bearer for economic freedom among large industrial
nations, has experienced a rather remarkable plunge in economic freedom over
the last decade. This excellent infographic summarizes what factors drove us
here, which countries are on the rise, and why we are more like Venezuela,
etc., than many would like to believe .
, Guest Post: Opening Pandora’s
Box: If Israel Strikes Iran, What About Hezbollah? , Mike Krieger Topples The Last
Domino With the election right around the corner, the chickens
are going to come home to roost. Our ability to print our own
currency and buy all the commodities we want with it is the exorbitant
privilege that allowed us to export most of the problems within the monetary
system elsewhere first. As Nixon’s Treasury Secretary John Connelly said
when confronted by a group of European Finance Ministers: “it’s our currency,
but your problem.” At the time he was correct, as we were at the very
beginning of the fiat dollar standard. 41 years later the system is in
its final days and our currency is about to become our problem as well. There were always going to be massive consequences to
keeping this ponzi alive. The main point here is one I was
hammering on in my last piece The Global Spring . You can only
push people so far into hardship before things snap. They
snapped in North Africa. They snapped in Southern Europe. They
snapped in China. They are about to snap here. Oh, and one last
thing. What do you think all of
this signals for corporate margins?
, Retirement: The Scary Numbers
Behind The Soothing Lies
, Guest Post: About That
"No Recession" Call
The usual definition of a
recession is GDP goes negative. { If real inflation numbers are used, recession
and contraction are already here! ( Financial Crisis Phase II Is
Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown , predicting the global crisis that occurred the following year. I now
see a similar confluence of events .. “the new recession has started.”… Over
the past 33 years, we have called the start of every recession..Currently, the
GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore,
what is counted as “growth,” is actually price increases. Actual inflation..is
now more than 11%. Using that to adjust GDP for inflation, would show that the
economy is now in a very sharp contraction…’)
} But this isn't
necessarily true. Notice that GDP never went below the zero line in the
2001 recession. Dipping close to zero was good enough. The more interesting
line is our composite of economic activity. We can pose the "recession" question in this
way: if real investment, net earnings after debt service and M2 money are all
puking, how can the economy be "growing slowly but steadily"? , NASDAQ Drops Most In 5 Months
As Leaders Languish , Kaminsky On
"Hypocrite" Biden: "I'd Have Punched Him In The Face" , S&P Futures Break 50DMA ‘… From the
day before Draghi's spike, the VWAP (volume-weighted average price) for S&P
500 futures is 1444.5 - so on average in aggregate buyers are now
losers...’ , Charts Of The Day: Why America
Needs To Embrace The Fiscal Cliff Instead Of Kicking The Can Once Again , Santelli And Shiller On
Housing, Animal-less Spirits, And Bernanke's Impotence "We've
seen rallies that fizzle before" is why Bob "I don't see the reason to call this a major
turning point" Shiller is not calling the bottom in the
housing market as he notes that while momentum helps, "right now
it is partly seasonal" in an excellent reality-based
discussion with CNBC's Rick Santelli. From the rise and fall of Greenspan's
nationwide housing market correlations (not convinced this is anything but
idiosyncratic) to the fact that a 'bottom' does not mean a recovery is coming
and his expectations of longer-to-wait; the esteemed gentleman, dismissing
concerns over rising interest rates and house prices - and pointing out how
mortgage rates do not help forecast a house price recovery, makes a vital
point: "Why the
urgency" to buy a house? Despite the 'money for nothing',
Shiller and Santelli explain there is "no way for Bernanke to change our 'animal spirits'" and his
ZIRP is in fact psychologically damaging not invigorating. Absolute must
watch!
Submitted by Tyler Durden
OECD: Japan
Public Debt in 'Uncharted Territory' ( WSJ )
Germany holds
firm on Greece as IMF pressure mounts ( Reuters )
Schäuble and
Lagarde clash over austerity ( FT ) - it would be
great if someone actually implemented austerity...
Merkel hints at
tax cuts for growth boost ( FT )
Hollande Robbed
of Growth Engine as Companies Cut Investment ( BBG )
Romney Narrows
Gap With Obama in Swing State Polling ( BBG )
Sluggish Growth
Seen Into Next Year ( WSJ )
Softbank
Founder Has 300-Year Plan in Wooing Sprint Nextel ( BBG )
Singapore
Forgoes Currency Stimulus on Inflation Risk ( Bloomberg ) - as does
China day after day
Sharp Jabs
Dominate Combative Vice-Presidential Debate ( WSJ )
Japan and China
Agree to Hold Talks on Rift After Noda Call ( Bloomberg )
http://thetruthwins.com
http://albertpeia.com/allfornaught.htm
[ And such
would be all for naught, in any event. CNN: Your
Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within
75 years. { 75 years? This world
ain’t got 75 years … decades at best! For those
‘glass-half-full-reality-be-damned’ types, the bright side is that there will
still be that desolate ‘third rock from the sun’; which, like ‘old man river’,
will just keep rollin’ along (around the sun). } ]
10-11-12 Dave’s Daily: http://www.etfdigest.com ‘JOBLESS CLAIMS SNAFU 10-11-12 You can almost hear Jack Welch’s “I
told you so” after Thursday’s Jobless Claims data was released. The data (339K
vs 370K expected & prior, as usual, revised higher to 369K from 370K) was
later explained by the BLS as a problem with “one large state didn’t report
additional quarterly figures as expected, accounting for a substantial part of
the decrease”. Well that will do it. So an early rally based on incomplete
information was undone as the day wore on. So the result was wasted buying power from my view. Other economic data included The U.S. Trade Deficit ($-44.2B vs $-42.5B)
and the Bloomberg Consumer Comfort Index fell (-38.5 vs -36.5). Newly appointed Fed Governor Jeremy Stein spoke today and the bottom line
was this quote regarding the effects of QE: “…giving a significant boost to
stock prices.” I think that sums things up neatly. The dollar (UUP) was slightly weaker and gold (GLD) slightly higher.
Commodities (DBC) and oil (USO) were also higher. Bonds rallied as stocks fell
into the close. Stocks were led lower once again by disappointment in tech
(XLK) and an appeals court decision to stop a ban on Samsung selling its phones
to benefit Apple (AAPL). The latter continues to suffer
losses. Consumer Discretionary (XLY) and Homebuilders (ITB) were
also weak…’ , Marketwatch: Florida
poll shows Romney leading Obama by 7 points ,
FOX: Stocks: More decay is on the
way In times like these, a medium-term speculator's prey is
usually found in the more-speculative climes of the market, i.e. Nasdaq
titles. , Poll: Romney leads Obama in
Florida by 7 points
Obama's Lucky Charms: A Hindu
God In His Pocket, A Masonic Emblem, And A Ring That Says "There Is No God
Except Allah" http://albertpeia.com/ohowweird.htm Why do our politicians have to be so
weird? { Why? Because in, ie., O’s case, he is weird. Homo/hetero,
Muslim/Hindu/Christian, for Wall Street/against Wall Street, prosecute/no
prosecute, war/no war, say one thing/do another, truth/no truth, etc.. wobama’s
gotten’ by on b***s*** and ‘special consideration’ alone, never having done
anything of substance in his entire life. Indeed, even his so-called
‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced
fantasies which reveal a psychogenic/dissociative amnesia that works well in
the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign
trail’ littered with the cowpies of stark reality. People owe themselves and
their children more than this grifter’s con which in numbers measures more than
the increased deficits of all the presidents since President General Eisenhower
combined to obfuscate his unequivocal failure. Drudgereport: UPDATE: Obama gives himself an
'incomplete' grade... {
Wow! The audacity! The unmitigated gall! This from the record holder for
fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in
addition to being famously over-vacationed while in office. Did wobama expect
that these things would in choom fashion magically come to fruition while he
was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm
Dave’s Daily: http://www.etfdigest.com ‘JOBLESS CLAIMS SNAFU 10-11-12 You can almost
hear Jack Welch’s “I told you so” after Thursday’s Jobless Claims data was
released…’
Jack Welch: I Was Right About
That Strange Jobs Report
WSJ |
The 7.8% unemployment figure released by the BLS last week is downright
implausible.
{ How pathetic, desperate, corrupt and dishonest is the
wobama et als’ latest manipulation … 10-11-12
Kass: " Labor Dept said one
large state didn’t report additional quarterly figures as expected, accounting
for a substantial part of the decrease." } Several factors have been attributed to
the lower than expected US initial jobless claims number, including the
following: - The US Labor market noted that one
state accounted for the entire drop.
Update details:
- Although initial upside was seen in US
stock futures, most of the move has since been pared as attention paid to these
factors.
Al Peia • 20 mins ago (posted to
Yahoo News) What large
state? Nobody seems to care. That state's going to pay for the
scam/fraud/corruption. What state?!
A Dash Of Hair Transplant And
Just Add Laughter
ZeroHedge.com We always said
that the presidential race in a country in which 40% of spending on wars,
entitlements, interest on said debt, etc. is funded by debt (purchased mostly
by foreigners and monetized by the Fed), is moot, and is merely one big
tragicomedy designed to evoke nothing but laughter (especially since it is the
creditors who call the shots). Today, we see that at least Joe Biden got the
memo. , We Are On The Road To Serfdom We are now five years into the Great Fiat Money Endgame and our freedom is
increasingly under attack from the state, liberty’s eternal enemy. It is true
that by any realistic measure most states today are heading for bankruptcy. But
it would be wrong to assume that ‘austerity’ policies must now lead to a
diminishing of government influence and a shrinking of state power. The
opposite is true: the state asserts itself more forcefully in the economy, and
the political class feels licensed by the crisis to abandon whatever restraint
it may have adhered to in the past. Ever more prices in financial markets are manipulated by the central
banks, either directly or indirectly; and through legislation, regulation, and
taxation the state takes more control of the employment of scarce means. An anti-wealth
rhetoric is seeping back into political discourse everywhere and is setting the
stage for more confiscation of wealth and income in the future. This will end badly.
, Debate Post-Mortem: Wreckin'
Raddatz, Laughin' Angry-Boy Biden, And Vice President Ryan , Visualizing America's
Education , The Forecasting Folly Of
Equity Valuations And Earnings Growth
, Fed's "Other Assets"
Hit All Time High Of $205 Billion
, Guest Post: Trade Deficit -
Recession Risks Increase
, Do 20% Of Firms Cheat On
Earnings? ‘…To wit, Bloomberg notes a recent paper ( below ) that finds 20% of CFOs will "manage earnings to misrepresent
economic performance" with 93.5% admitting it is to influence
the stock price. 'Red flag's include EPS inconsistent with cash-flows,
unusual accruals, or an industry outlier . Amid pressure to maintain stock
prices (and keep a career going), 60%
of earnings 'management' is to increase income and of course
66% of CFOs hope for fewer accounting rules going forward. , Goldman's Cohn On The Fed's
One Way Con While stating
the somewhat obvious - that the
Fed's actions will cause 'pain' when they (try to) stop QE - when it
comes from a high-ranking officer of the establishment elite (as opposed to
a tin-foil-hat-wearing, BLS-exposing, HFT-undermining, fringe blog) such as
Goldman Sachs' President Gary Cohn, perhaps more mainstream will begin to
question the one-way path we are on. Cohn's interview on Bloomberg TV ranged
from his reading habits (Greg Smith's tell-all) to the world's central bank
printfest and how "we will have to go
through the pains of stopping QE"..
, Cashin Remembers Germany's
Hyperinflation Birthday
, The Collapse Continues: Greek
Unemployment Rises For 35th Consecutive Month, Passes 25% , Charting The 'Housing
Recovery' Subsidy: Foreclosures Slide To Five Year Lows A month ago,
when RealtyTrac posted their latest US foreclosure numbers for the month of
August, we presented what we called was the " Foreclosure Stuffing" thesis,
explaining the explicit subsidy by the banks for the housing market, whereby
the entire foreclosure process has now ground to a halt, and in doing so
removing millions in inventory flow from the distressed end market, forcing
limited buyers to chase what supply there is, and in the process boosting
prices of existing inventory higher. In other words a traditional inventory
removal-based subsidy. It is therefore not surprising that today RealtyTrac
reported the latest foreclosure data, and lo and behold, just as we expected, the great foreclosure collapse has taken another leg
lower, with the total number of foreclosures for the month of September sliding
to 180.4K, a decrease of 7 percent from the previous month and down 16 percent
from September 2011, and the lowest in five years!
Submitted by Tyler Durden
With government bond markets
increasingly manipulated directly via central-bank intervention - and becoming
increasingly illiquid - the odd situation we find ourselves in once again is
that CDS markets perhaps provide a 'cleaner' picture of where credit risk is
actually being traded between market participants (hedgers or speculators). To
wit, Bloomberg's ever-insightful Michael McDonough has noticed a significant divergence
between market-implied perceptions of risk (CDS) and ratings-agencies
perceptions among several nations. Most notably France and Italy (with Belgium close behind) appear
considerably 'over-rated' . Italy's implied rating is equivalent
to BB+ at S&P - well below its average rating of BBB+ and France's implied
rating of A is around four notches below its composite rating. Spain also
appears set for more pain as its market price implies a sub-investment grade
rating is imminent.
Submitted by Tyler Durden
This is just getting stupid. After
expectations of a rebound in initial claims from 367K last week (naturally
revised higher to 369K), to 370K (with the lowest of all sellside expectations
at 355K), the past week mysteriously, yet so very unsurprisingly in the
aftermath of the fudged BLS unemployment number, saw claims tumble to a number
that is so ridiculous not even CNBC's Steve Liesman bothered defending it, or
339K. Ironically, not even the Labor Department is defending it: it said that
" one large state didn't
report some quarterly figures ." Great, but what was reported was
a headline grabbing number that is just stunning for reelection purposes. This
was the lowest number since 2008. The only point to have this print? For 2-3
bulletin talking points at the Vice Presidential debate tonight. Everything
else is now noise. It is also sad that the US "economy" has devolved
to such trivial data fudging on a week by week basis, which makes even the
Chinese Department of Truth appear amateurish by comparison. Needless to say,
Not Seasonally Adjusted initial claims jumped by 26K to 327K in the past week
but who's counting. Finally, what is the reason for ongoing QEternity if the
employment situation is now back to normal. Finally, in completely ignored
news, because who needs global trade when you have toner cartridge, and
generally ink, the US trade deficit in August rose by 4.1% to $44.2 billion, on
expectations of a deterioration to $44.0 billion. Then again nobody talks about
the US trade deficit during presidential debates so all good here.
10-10-12 Dave’s Daily: http://www.etfdigest.com ‘OCTOBER REMAINS A TOUGH MONTH 10-10-12
The IMF was
active once again Wednesday this time telling eurozone banks it
must divest themselves of $4.5 trillion (with a “T”) of assets over the next 12
months. Note to central banks: “You’re gonna need a bigger printing press.”
That comment heaped atop previous advisories didn’t help markets Wednesday.The
Fed’s Beige Book was released at 2 PM and it offered little news beyond what we
already knew. Further Fed
Governor Kocherlakota chimed-in from Disneyland saying the
Fed could keep interest rates low for the next four years. If markets are
forward looking what’s to like about that assessment? Earnings news from
Alcoa (AA) was viewed Wednesday as a disappointment which pounded the materials
sector (XLB). After their release Tuesday post NY close they actually beat
estimates but this didn’t matter since their guidance relative to Chinese
demand was weak. Chevron (CVX) earnings missed occasioned by Hurricane Isaac
production stoppages. Tech continued to remain weak with semi’s like Intel
(INTC) leading the sector (SOXX) lower. But all wasn’t lost as Yum Brands (YUM)
earnings rose, Wal-Mart (WMT) stated it would open more small-scale stores and
Costco (COST) reported good earnings. Also FedEx (FDX) gained nearly 5% on
cost-cutting initiatives (read, lay-offs). Overall there isn’t anything we
already weren’t expecting from earnings. Bulls were counting on QE3 to support
what they already knew to be a tough earnings season. Perhaps QE had become
well priced-in and/or has lost some of its effectiveness. After all, how many
times can you go to the well on this? The dollar (UUP was slightly weaker and
precious metals (GLD & SLV) were mostly flat while commodities overall
(DBC) were slightly weaker led lower by oil (USO). Bonds (IEF) were higher in
price and lower in yield as is normally the case...’ , UNSUSTAINABLE
http://albertpeia.com/unsustainable.htm ,
Marketwatch: Euro
erases gains after Spain downgraded
S&P
cuts Spain's rating to one notch above junk ,
FOX: Playing games with pensions Public
pensions are severely underfunded, threatening the retirements of government
workers and taxpayer wallets. 401(k)s in 'plain English'? Plan providers are now required to explain
all the costs, but many critics say Wall Street seems intent on drowning them
in paperwork and fine print.
Obama's Lucky Charms: A Hindu
God In His Pocket, A Masonic Emblem, And A Ring That Says "There Is No God
Except Allah" http://albertpeia.com/ohowweird.htm Why do our
politicians have to be so weird? { Why? Because in, ie., O’s case, he is
weird. Homo/hetero, Muslim/Hindu/Christian, for Wall Street/against Wall
Street, prosecute/no prosecute, war/no war, say one thing/do another, truth/no
truth, etc.. wobama’s
gotten’ by on b***s*** and ‘special consideration’ alone, never having done
anything of substance in his entire life. Indeed, even his so-called
‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced
fantasies which reveal a psychogenic/dissociative amnesia that works well in
the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign
trail’ littered with the cowpies of stark reality. People owe themselves and
their children more than this grifter’s con which in numbers measures more than
the increased deficits of all the presidents since President General Eisenhower
combined to obfuscate his unequivocal failure. http://albertpeia.com/10waysobamakillingjobsinamerica.htm Wobama’s Choom Gang
Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Friday Humor: "I Am
Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In
Office" ZeroHedge.com Tyler Durden { Wobama the b for
b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit
For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm } You can tell a lot about a person
by the jewelry that they wear and by the things that they carry around in their
pockets, and Barack Obama's "lucky charms" include a Hindu god, a
Masonic emblem and a "wedding ring" that has the phrase "there
is no god except Allah" inscribed on it. So what do these things
tell us about Barack Obama? …’
, Food Inflation To Surge,
Goldman Warns ZeroHedge.com We have been very active in our discussions of the impact of the pending rise in
food prices around the
world (from central bank largesse to weather-related chaos ). As Goldman notes, food inflation has been
one of the most significant sources of headline inflation variation in emerging
markets (EM) over the past few years . Since June, international prices for agricultural commodities have risen
almost 30%, increasing the risk of fresh, food-related increases to EM headline
inflation. We, like Goldman, expect EM headline inflation to start to reflect
the relevant pressures more broadly in the October prints at the latest. While
the effects, for now, are expected to be less extreme than the 2010-2011
episode, the timing as the US enters its fiscal-cliff-prone malaise, could mean
a further round of easing will reignite this critical
inflationary concern . , UPDATE: *JPMORGAN CFO EXPECTED TO STEP DOWN: WSJ Jamie "The Europeans have the will, but no way; The US has the way,
but no will." Dimon had a very
open and wide-ranging discussion with the Council on Foreign Relations
today. , Guest Post: The Many Guises Of
Financial Repression , The US Economy In Q4 - Just
The 'Chart-Porn' Facts The US economy grew at a 1.65%
pace in the first half of the year and, according to Bloomberg Brief's chief
economist Jo Brusuelas , is now tracking at a 1.5% pace of growth. The IMF's dour outlook for the
world's economy has been shoulder-shrugged by many but in this compendium of everything
you need to know about the US economic outlook but were afraid to ask , Brusuelas provides the facts and nothing but the facts.
From slack in the labor markets, to a slowdown in investment and soft household
spending, even the Fed's unprecedented QEternity is unlikely to
grab us back from the edge of a malaise-like sub-2% consensus forecast for Q4 . { Adjusting for real inflation, the economy’s in
already in a sharp contraction as previously pointed out by Bert Dohmen who
called the last crisis and calls this crisis worse! } , Guggenheim On Gold And The
'Unsustainable' Return To Bretton Woods , S&P Downgrades Spain To
BBB- (Negative Outlook) As European Support Wanes , The Cost to Future Generations
of the Economic Data Fabrications - Much has been made lately of Jack Welch's "turn" on the
Administration regarding the BLS data for September... , Forget Class-Warfare; It's
Age-Warfare We Should Worry About , The CEO Letter Heard Around
The World "Vote Obama; Lose Your Job" , BoE Finds Gold Standard Leads
To Less Crises Than Fiat Regime , Meet The People Behind The
Vacuum Tubes In The World's Largest HFT Shop Jack Welch: I Was Right About
That Strange Jobs Report
WSJ |
The 7.8% unemployment figure released by the BLS last week is downright
implausible.
Goldman Sachs ‘in bid to
change’ Volcker rule
AFP |
Goldman Sachs is seeking changes to the Volcker rule, which keeps banks from
speculative trades in their own accounts.
Selling your own books,
electronics and even furniture will soon be illegal if the Supreme Court says
so
Natural
News | What’s the problem? Isn’t something yours to do with as you please once
you buy it? Hasn’t it been that way forever?
Forget Class-Warfare; It’s
Age-Warfare We Should Worry About
zerohedge.com | The real divide in this nation is not between rich and
poor but old and young. .”
Alert: Highly Sophisticated
Large Scale Cyberheist Targets Customer Funds at Major U.S. Banks
Mac
Slavo | A credible threat to the U.S. banking system has been identified by
cyber security firm RSA.
10-9-12
Dave’s
Daily: http://www.etfdigest.com ‘BRING OUT THE BEARS 10-9-12 … successive reports from the World Bank (Monday) and IMF (Tuesday) that
global economic growth was going to decline. This isn’t really news now is it?
Just about every forecasting organization has stated this as a given. But in
the absence of other news investors needed an excuse to do some selling.I’ll
bet you’re like most people and don’t really understand the distinction between
these two entities. Per the IMF is this brief description:“The World Bank and
the IMF remain distinct. The fundamental difference is this: the Bank is
primarily a development institution; the IMF is a cooperative institution that
seeks to maintain an orderly system of payments and receipts between nations.
Each has a different purpose, a distinct structure, receives its funding from
different sources, assists different categories of members, and strives to
achieve distinct goals through methods peculiar to itself.”Got that? They have
occupied the same building, held joint conferences, share a common library
exchange economic data, present joint seminars, daily hold informal meetings
and may send out joint missions to member countries. They are funded by a
variety of member countries (you and me in particular) and often make money on
lending. Since their lending activity dried-up in 2009 they sold 212 tons of
gold (with the consent on the U.S. Congress) to other central banks to keep the
organization funded and everyone employed. (A good deal? Not!) In other words
they’re similar to the UN formed during the post WWII era and just about as
effective. They probably have outlived their usefulness but once you get these
organizations started it’s an exercise in futility to eliminate them. Why do
you think so many luminaries from around the globe want top jobs there? They’re
lucrative and terrific benefits including jets and 5 star hotels.Meanwhile in
other news the U.S. government has sued Wells Fargo (WFC) claiming fraud in
mortgage underwriting and falsely certifying FHA loans. That was felt in Omaha
and on Wall Street. I guess Buffett didn’t get a heads-up from the White House. Oil prices (USO) rallied even as the
dollar (UUP) climbed which is unusual. Perhaps these are tensions being
exhibited from the Middle East. Prior to the first Gulf War oil prices were
climbing out of a long trading range a few weeks before the Iraq invasion of
Kuwait. Obviously some players knew what was about to happen in advance. Let’s
see what’s up now. Aside from oil most commodity prices were weaker (DBB) &
(GLD) while the heavily weighted energy sector (DBC) was higher. Also a story
is making the rounds that Spain could or
even should just opt out of the euro in lieu
of accepting harsh conditions from the troika.Stocks overall sank led by
technology (QQQ) & (XLK) once again as Apple (AAPL) continued its slide but
Intel (INTC) and semi’s overall (SOXX) led the way down. Also much weaker were
homebuilders (ITB) which needed some consolidation. The confusion in markets
threw-off other relationships such as weaker bonds and weaker stocks. After the
close Alcoa (AA) released earnings which are always highly anticipated but have
more complexity and “adjustments” than even the BLS can conjure up. The report
just released showed a loss of 13 cents vs previous 15 cent profit. Revenues
were lower at $5.83 billion vs $6.42 billion prior but beat estimates of $5.56
billion. Adjusted earnings 3 cents vs 0 cents expected. Oh the joy! Volume overall was much heavier than on
recent days but still light overall. Breadth per the WSJ was negative...’, 28 Good Questions That The
Mainstream Media Should Be Asking
http://albertpeia.com/28questionsmainstreammediashouldbeasking.htm , S&P:
Q3 downgrades far outpace upgrades Marketwatch , Wall
Street should shrink , pay smaller bonuses Marketwatch
, U.S.
stocks finish lower on earnings anxiety, IMF
Marketwatch , Uncle Sam Prepares To Unleash
Up To 30,000 Drones Over America For "Public Safety" Zerohedge.com , The ECB-Driven Toxic Debt Loop
At The Heart Of Europe's Misery
, Guest Post: The Unstimulus If your predictions are wildly out-of-whack with reality, you need to
change your approach. Jared Bernstein and Christy Romer Administration
predictions have been an unmitigated disaster. Not only did the real figures
not match up to the advertised ones, but they are also much worse than the
baseline expectations. Romer and Bernstein appear to have both severely
under-estimated the depth of the crisis, and over-estimated the effectiveness
of the stimulus package. Obama might talk about spreading the wealth around , but the
aggregate effect of the policies pursued during his administration have
squarely benefited large corporations and the financial sector , and not the
middle class or small business. Is
reinflating financial bubbles and pumping up corporate profits Obama’s idea of
recovery? The money isn’t trickling down, and small businesses and
the middle class are more in debt than they
were before the crisis started .
, European Banks Need To Sell Up
$4.5 Trillion In Assets In Next 14 Months, IMF Warns While yesterday it was the sovereigns who
suffered the wrath of the IMF's wholesale growth outlook downgrade (unbeknownst to Christine
Lagarde ), today it is the turn of the financial sector (which is
increasingly being blurred with the former in a world in which central banks
are used to both backstop bank liabilities and fund endless public deficits,
unafraid of the consequences in a closed loop fiat world in which defection is,
so far, impossible) to be greeted by a cold dose of reality emanating from the
IMF's " Global Financial Stability
Report " especially as pertains to Europe's insolvent
banking system. The most notable finding of said report is the admission that
the IMF was only kidding when it said six months ago, in April of this year,
that the worst case outlook now has European banks deleveraging to the tune of
$3.8 trillion through the end of 2013, or over the next 14 months: now this
number is 18% higher, or a gargantuan $4.5 trillion (12% of bank assets). This
is how much debt Eurobanks will need to shed in a "weak policies"
case in which Europe continues to delay implementing fiscal reform, aka
austerity, as per Figure 2.14. Even the baseline (and this being the IMF it
means it has zero chance of happening) scenario is not much better, at a
revised $2.8 (7.3%) trillion in deleveraging. The reason for the increase is due
to " lower expected earnings,
higher losses linked to worsened economic conditions, and greater funding
pressures on banks ." , Guest Post: Are Businesses
Quietly Preparing For A Financial Apocalypse? US corporations are sitting on more cash
than at any point since World War II. That's without including
banks. We're only talking about nonfinancial corporations – the ones that sell
goods and services and make the economy go. Those businesses hold $1.4
trillion. As investors, we can infer
quite a bit from corporations' inability (or unwillingness) to deploy their
cash. For one, it indicates that business have assumed a very
defensive stance. Cash, of course, is a buffer against uncertainty - the
uncertainty that business slows for any reason. But $1.4
trillion? That tells us that businesses are not just a little
jittery about the future. They're
prepared for an apocalypse. , Bill Gross' Advice To Asset
Managers: "Turn Lead To Gold" At least he did not say Tungsten...Gross: Stock and bond managers today must be alchemists:
turn lead into gold. NOT likely. Too much lead (bubbled assets). , Charts Of The Day: 111 Years
Of Federal Tax And Spending ,
Everything You Need To Know
About Resolving The Fiscal Cliff But Were Afraid To Ask , Global Growth Reality Hits As
Cummins Cuts Guidance And 1500 Jobs
, Jack Welch Terminates Contract
With Reuters, Fortune In Aftermath Of Infamous Tweet , Guest Post: NFIB - Small
Businesses Don't Agree With BLS
Since the release of the most recent BLS Employment Situation Report,
which showed an astounding drop in the unemployment rate, we have spent a good
bit of time dissecting the release and discussing why the real unemployment
rate is really between 17% and 22% depending on how you calculate it. (See Here Here However, today's release of the September NFIB Small Business
Survey shows the extent to which the current BLS employment calculation method
may have detached from reality . No matter how you look at the data
there is a clear disconnect between the BLS report and economic realities.
From the NFIB's point view it is "economic uncertainty" that weighs on
business owners and keeps them on the defensive. The actions by the
Federal Reserve to buy bonds and inject liquidity into the financial system
does not solve the problem of "poor sales" , reduce
regulations that strangle growth or solve the "fiscal
cliff" issues that threaten business profitability by the end
of the year.
Mysterious Algorithm Was 4% of
Trading Activity Last Week
CNBC | A single
mysterious computer program that placed orders — and then subsequently canceled
them — made up 4 percent of all quote traffic in the U.S. stock market last
week.
Goldman Issues Strong Sell On
Obama As Firm Refuses To Vote With Its Wallet
Zero Hedge | Goldman
Sachs money moves away from virtually anointing Obama in 2008 to shunning him.
From Zero Interest Rate To
Zero Retirement: How The Fed Doomed Elderly Americans To Endless Work
zerohedge.com | Fed is
spinning its wheels by sticking to the old model of trying to stimulate growth.
IMF warns global economic
slowdown deepens, prods U.S., Europe
Reuters
| The IMF said the global economic slowdown is worsening.
A Second Greek Man On ‘The
Lagarde List’ Has Been Found Dead
Business
Insider | Since Friday, two men on the list have turned up dead in apparent
suicides.
Food is the New Oil and Land
the New Gold: Lester Brown
Daily
Ticker | The United Nations food agency reports that food prices are rising
again.
Medicaid Fraud in the Billions
New
American | The amount, just in New York, is estimated by Issa’s committee to be
in excess of $15 billion, equivalent to $1.9 million per patient per year!
http://albertpeia.com/19numbersusturningfromchristianity.htm
10-8-12
The Largest Economy In The
World Is Imploding Right In Front Of Our Eyes http://albertpeia.com/largesteconomyimploding.htm , MF cuts
2012, 2013 global growth forecasts Marketwatch , The Inflation Rate Is A Lie
Too http://albertpeia.com/inflationrateisalietoo.htm ‘…In fact, the way that the government
calculates inflation has changed more than 20 times since 1978. The
government is constantly looking for
ways that it can make inflation appear to be even lower. According to John Williams of shadowstats.com , if inflation was measured the
same way that it was back in 1990, the inflation rate would be about 5 percent
right now. If inflation was measured the same way that it was back in
1980, the inflation rate would be about 9 percent right now. But instead,
we are expected to believe that the inflation rate is hovering around 2
percent. Well, anyone that goes to the supermarket or fills up their
vehicle with gasoline knows that prices are going up a lot faster than
that. Just about everything that we buy on a regular basis is steadily
becoming more expensive… one of the reasons why he says that more money
printing ("quantitative easing") is okay is because we are in a
"low inflation" environment at the moment. Sadly, this is exactly the
kind of delusional thinking that led to the horrible crisis in the Weimar Republic
back in the 1920s. Quantitative easing did not work for the Weimar Republic , and it is not
going to work for us either. But it will cause the prices of the things that we buy on a regular
basis to go up even more…’ , Is China an economic miracle,
or one massive Government-Sponsored fraud? http://albertpeia.com/chinamiraclegovernmentfraud.htm , Spain: How One Country Could
Take Down the Entire EU Banking System
http://albertpeia.com/spaincouldbringdowneubanksystem.htm , Dave’s Daily: http://www.etfdigest.com 10-8-12 ‘..The markets
were weak most of the day and that included the Fed’s printing press given
Columbus Day. It’s also a holiday in Spain (Fiesta Nacional if you care).The important events in the markets were twofold.
First, Apple (AAPL) stock continued its recent slide on fears the mini-iPad
would be successful and strike worries in its China plant. Second, the World Bank downgraded economic growth in East Asia to 7.2% below last year’s
9.3%..’ , The IMF's Lagarde Is Unaware
What The IMF's Market-Moving Report Contains ZeroHedge.com , IMF Cuts Global Growth, Warns
Central Banks, Whose Capital Is An "Arbitrary Number", Is Only Game
In Town , Moody's Slaps ESM With
Negative Outlook On Day Of Its Official Launch , Stocks Lose Half Of Last
Week's Gains With AAPL Back Under $600 Billion Market Cap , Why The Market Should Not
Expect A Bounce If A Fiscal Cliff 'Compromise' Is Reached , European Equities Give Back
Friday's Gains As EUR Tumbles Most In Almost 3 Months , China Sums Up US Financial
Innovation: "Smart Kids Picking People's Pockets Is Not Very Good" When fringe-blogs highlight the reality of
the US banking system and its financial engineering as nothing but overly
complex three-card-Monte, it can be shrugged off; but when the head of China's sovereign wealth fund (yes the same
one that will bail the world out)
notes that the JPMorgan loss highlights a system that has become too complex , perhaps some
should listen. As Bloomberg BusinessWeek reports , Gao Xiqing of
CIC stated that "I think we do need to slow down a little bit instead of
rushing up to all these fancy derivatives." The fact that the 'whale' loss
was not a rogue trader but a systemic decision gone wrong on weak risk
management of an overly-complex position was "the single most revealing
thing" to Gao as he expressed
concern about a society in which "all the best engineers are engineering
financial products." Summing up the entire ethos of US
financial innovation he concluded: "You have all the smartest kids to
design these products, the only
purpose of which is to get money out of other people’s pockets , that is not
very good."
Submitted by Tyler Durden
Risk averse sentiment dominate the
session, as market participants looked forward to the latest European finance
ministers meeting who are due to discuss Spain’s finances, as well as Greece,
which is yet to formalise spending cuts in order to receive the next aid
tranche. Reports that China's economic growth is expected to have slowed to
7.5% in Q3 from 7.6% in Q2 weighed on basic materials and industrials stocks.
The World Bank cut its 2012 GDP forecast for China to 7.7% from 8.2%; 2013 to
8.1% from 8.6%. Uncertainty surrounding the never-ending sovereign debt crisis
in Europe weighed on financials, and in turn translated into lower 3m EURUSD
cross currency basis. Peripheral bond yields rose, with Italy underperforming,
ahead of the supply later on in the week. Going forward, given the Columbus Day
holiday across the pond, trade volumes are expected to be below the average.
Submitted by Tyler Durden
Italy rejects
need for EU control ( FT )
‘Worst US
quarterly earnings since 2009’ ( FT )
Chinese firm
helps Iran spy on citizens ( Reuters )
World Bank cuts
East Asia GDP outlook, flags China risks ( Reuters )
Foxconn factory
rolls on in spite of strike ( China Daily )
Economic
recovery ‘on the ropes’ ( FT )
Japan Tries
Cars That Make the Mini Look Maxi ( Businessweek )
Euro Finance
Chiefs to Give Positive Greece Statement, Rehn Says ( Bloomberg )
Romney attacks
drones policy ( FT )
Euro zone mulls
20 billion euro separate budget ( Reuters )
Hong Kong’s
Leung Seeks Turnaround With Economy Focus ( Bloomberg )
RBA Keeps Some
Documents Private in Securency Bribe Probe ( Bloomberg )
India Inflation
to Remain at 7.5%-8% Till Early 2013 ( WSJ )
Police: "Enter
(niggertown) Detroit (and niggertown chicago) At Your Own Risk (and any other
towns where there are niggers in abundance) " http://albertpeia.com/detroitdeathsdoor.htm
Romney
leads by four points in post-debate survey
Obama Flying to LA to Reassure Hollywood Donors Hollywood
Reporter - Oct 6,
2012 --- The
president arrives for a star-studded concert and high-roller dinner on Sunday
amid "shock" in Hollywood over his Denver debate performance. {
Sure…Forget about reassuring the nation that he’s something other than the
failed, grifting incompetent jive-talking b***s*** nigger that he has proven to
be after four years; instead, reassure the ‘brain-dead-of-nutwood’ bankrolling
his unmitigated failure! The b***s*** performance … fellatio anyone? … says
obama. }
Drudgereport: GALLUP: 5-POINT ROMNEY BOUNCE... PEW: 18-point shift among women... POLL: Romney leads among independents
51-35... R closes gap in Michigan... University of Colorado: Updated election forecasting model
still points to Romney win...
10-5-12 Drudgereport: REALLY! 7.8% Total employment 'highest one-month
jump in 29 years'... Welch: President manipulating numbers
after (pathetic) debate performance... BLS economists donate to Obama
campaign? Rate Plummets to 4.3% -- For Govt
Workers... Report met with suspicion... ROMNEY: Rate more like 11%...
SEPT. EMPLOYMENT: +114,000... Aug. number revised to +142,000 -- from +96,000... Welch: Obama manipulating numbers after debate
performance... { There are
some people (and their assessments) that you might dismiss as light-weight
partisans… Jack Welch is not one of them! Indeed, among the rarest breed
historically of exceptional american CEO’s, Welch points to the folly of
preposterously a month before elections, on paltry/pathetic jobs numbers (
election year temp/part-time for manipulating stats along with the nebulous
‘stopped looking’ fudge factor) , following a disasterous debate showing (of
wobama failure and incompetence), the unemployment rate falls to just below the
‘superstitious’ 8.0. If you’re a fool, you’ll buy into what is tantamount to
the obama 100% employment fantasy where literally everyone but him has stopped
looking for work and hence, not counted in compiling the unemployment rate (and
then those jobs in the millions lost and gone forever on his watch - what a
banana republic!). Come on, wake up!: JACK WELCH: OBAMA
IS MANIPULATING THE JOBS NUMBERS BECAUSE HIS DEBATE PERFORMANCE WAS
AWFUL…UNBELIEVABLE JOBS NUMBERS…THESE CHICAGO GUYS WILL DO ANYTHING…CAN’T
DEBATE SO CHANGE NUMBERS. } Read more: http://www.businessinsider.com/jack-welch-obama-jobs-report-numbers-romney-2012-10#ixzz28QfCZ67d
JACK WELCH: Obama Is
Manipulating The Jobs Numbers Because His Debate Performance Was Awful
Business
Insider | Former GE CEO Jack Welch’s reaction to non-farm payrolls adding
114,000 new jobs in September and the unemployment rate falling to 7.8
percent. Welch: Obama manipulating numbers
after debate performance...
{ There are some people (and their assessments) that you might dismiss
as light-weight partisans… Jack Welch is not one of them! Indeed, among the
rarest breed historically of exceptional american CEO’s, Welch points to the
folly of preposterously a month before elections, on paltry/pathetic jobs
numbers ( election year temp/part-time for manipulating stats along with the
nebulous ‘stopped looking’ fudge factor) , following a disasterous debate
showing (of wobama failure and incompetence), the unemployment rate falls to
just below the ‘superstitious’ 8.0. If you’re a fool, you’ll buy into what is
tantamount to the obama 100% employment fantasy where literally everyone but
him has stopped looking for work and hence, not counted in compiling the
unemployment rate (and then those jobs in the millions lost and gone forever on
his watch - what a banana republic!). Come on, wake up!: JACK WELCH: OBAMA IS MANIPULATING THE
JOBS NUMBERS BECAUSE HIS DEBATE PERFORMANCE WAS AWFUL…UNBELIEVABLE JOBS
NUMBERS…THESE CHICAGO GUYS WILL DO ANYTHING…CAN’T DEBATE SO CHANGE NUMBERS. }
Reason For Today’s
Unemployment Rate Plunge: Part-Time Jobs For Economic Reasons Surge Most Since
QE1 Announcement
Zero Hedge | We already noted the absolutely stunning surge in reported
Household Survey jobs which “added” 873,000 jobs.
{ Come on! People have to start calling
a spade a spade! O’s just a typical incompetent, jive-talking b***s*** nigger!
He is so pathetic and a total embarrassment! }
Former GE chief Jack Welch
Unbelievable jobs numbers..these Chicago guys will do anything..can't
debate so change numbers
Chapwood Capital Investment Management Managing Partner Ed Butowsky
I feel like I’m watching a movie. There is no way in the world these
numbers are accurate.
Neil Irwin
"Weird that payrolls are exactly on forecast but household survey is
far better."
Conn Carroll
While it is highly improbable that BLS conspired to cook the books, there
is still a huge 756,000 job gap between the number of jobs employers told the
Labor Department they created in September (114k), and the number of Americans
who told the labor department that they got new jobs (873k).
U.S. Representative Allen West
I agree with former GE CEO Jack Welch, Chicago style politics is at work
here. Somehow by manipulation of data we are all of a sudden below 8 percent
unemployment, a month from the Presidential election. This is Orwellian to say
the least and representative of Saul Alinsky tactics from the book "Rules
for Radicals"- a must read for all who want to know how the left
strategize . Trust the Obama administration? Sure, and the spontaneous reaction
to a video caused the death of our Ambassador......and pigs fly.
Gluskin Sheff's David Rosenberg
That the 7.8 percent jobless rate takes it to the level that prevailed
when the President took office in January 2009 has raised many an eyebrow. I
don't believe in conspiracy theories. But I don't believe in the Household
Survey either.
This notoriously volatile indicator has become even more so in recent
months. It showed a 195K slide in July and a 119K decline in August, to only
then reveal a massive 873K surge in September.
Radio host Laura Ingraham
"Jobs #s from Labor Secretary Hilda Solis are total pro-Obama
propaganda--labor force participation rate at 30-yr low. Abysmal!"
Americans for Limited Government
"Either the Federal Reserve, which has its fingers on the pulse of
every element of the economy, and the Bureau of Labor Statistics manufacturing
survey report are grievously wrong or the number used to calculate the
unemployment rate are wrong, or worse manipulated. Given that these numbers
conveniently meet Obama's campaign promises one month before the election, the
conclusions are obvious."
Rick Santelli
"I told you they'd get it under 8 percent — they did! You can let
America decide how they got there!"
Of course the backlash in the media
against skepticism of the jobs report has been very forceful.
Already, those that are doubtful of the
legitimacy of the jobs report are being called "truthers" - as if
there is something wrong with wanting to know the truth.
Sadly, that is how things work these
days. If you don't like the viewpoint that some people are expressing,
you just label them "conspiracy theorists".
And when someone is labeled a
"conspiracy theorist", that is code for "that person is so crazy
that you should not listen to anything they say".
But the truth is that we live in a world
where often people do things that they are not supposed to be doing.
When something rather strange happens,
it is not wrong to investigate and try to figure out what is going on.
And this jobs report seems very, very
odd.
It sure does seem rather strange
that the household survey is showing almost 8 times as many jobs created as the
employer survey does.
It sure does seem rather strange
that 873,000 more Americans were working in September (the largest increase in
29 years) after decreases in both July and August.
It sure does seem rather strange
that the unemployment rate dropped under 8 percent at the exact moment when
Barack Obama needed it the most.
But perhaps all of this is just a
coincidence.
What do you think?’
{ JACK WELCH: Obama Is
Manipulating The Jobs Numbers Because His Debate Performance Was Awful Business Insider | Former GE CEO Jack
Welch’s reaction to non-farm payrolls adding 114,000 new jobs in September and
the unemployment rate falling to 7.8 percent.
Welch: Obama manipulating numbers
after debate performance...
{ There are some people (and their assessments) that you might dismiss
as light-weight partisans… Jack Welch is not one of them! Indeed, among the
rarest breed historically of exceptional american CEO’s, Welch points to the
folly of preposterously a month before elections, on paltry/pathetic jobs
numbers ( election year temp/part-time for manipulating stats along with the
nebulous ‘stopped looking’ fudge factor) , following a disasterous debate
showing (of wobama failure and incompetence), the unemployment rate falls to
just below the ‘superstitious’ 8.0. If you’re a fool, you’ll buy into what is
tantamount to the obama 100% employment fantasy where literally everyone but
him has stopped looking for work and hence, not counted in compiling the
unemployment rate (and then those jobs in the millions lost and gone forever on
his watch - what a banana republic!). Come on, wake up!: JACK WELCH: OBAMA IS MANIPULATING THE
JOBS NUMBERS BECAUSE HIS DEBATE PERFORMANCE WAS AWFUL…UNBELIEVABLE JOBS
NUMBERS…THESE CHICAGO GUYS WILL DO ANYTHING…CAN’T DEBATE SO CHANGE NUMBERS. }
http://thetruthwins.com
http://albertpeia.com/whichcurrencythecomingdollarreplacement.htm
ZeroHedge.com Submitted by Tyler Durden
While the 0.4% perfectly unmanipulated
and totally coincidental swing in the unemployment rate in an Obama favorable
direction one month before the election came at a prime time moment for
the market, one hour ahead of the open, setting the market mood for the rest of
the day (which despite all best efforts still closed red, valiant efforts by
Simon Potter and the FRBNY's direct pipe to Citadel notwithstanding), there was
one other, far more important data point released by the government's
department of agriculture, sufficiently late after the market close to impact
no risk assets. That data point of course was foodstamps (or the government's Supplemental Nutrition Assistance Program , aka SNAP),
and we are confident that no readers will be surprised to learn that foodstamp usage for both persons and households, has
jumped to a new all time record.... Finally, and putting it all into
perspective, since December 2007, or the start of the Great Depression ver 2.0,
the number of jobs lost is 4.5 million, while those added to foodstamps and
disability rolls, has increased by a unprecedented 21 million.
Submitted by Tyler Durden
While we are told to assume it is
entirely transitory and speculation-driven, the price to drive your brand new
GM Truck (leased for 30 years, interest-only via your EBT card) has never been
higher. Do not worry though since this is only temporarily going to mean
'little Timmy' needs to go without food. As a Public Service Announcement, we
have also estimated that the opportunity
cost of every additional $1/gallon is just 16-20 $0.99 iGizmo apps you can do
without for a week (but given sentiment surveys it would seem you do not
need any further sedation).
Submitted by Tyler Durden
For nearly 30 years, two of the world's
largest economic nations (China and the US) have continually debauched debased the
purchasing power of their currency. For the last 12 years, the rest of the
world joined in. So who is winning the race to debase now? It appears
globalization was really all about currency debasement and exporting inflation
(i.e. loss of FX value) with debt being the inflation buffer (i.e. borrow to
afford or vendor-financing - see AMZN). The problem now is the entire world is
saturated with debt and so there is no-one left to export inflation to anymore.
We do indeed live in interesting times.
Submitted by Tyler Durden
While Europe was ripping higher this
morning, commodity prices were slipping quietly lower and Treasury prices
higher as the USD was very modestly higher and US equity futures were treading
water. The payroll print provided the
fuel to pump us up to within a tick of the year's highs in the S&P , smashed the
USD weaker, twanged Treasury yields higher and sent Financials and Materials
zooming higher. Unable to break those record highs, stocks
reversed as Energy (Oil was sliding once again) and Tech (AAPL) led them lower . Within a few
hours we had retraced the entire NFP spike in FX and equity markets but
Treasury yields kept pushing higher (30Y +14bps on the week). Gold closes green on the week while Oil/Silver/Copper
were red as the AUD lost almost 2% against the USD and EUR gained 1% . AAPL tumbled
2%, closing below its 50DMA for its biggest 2-week slide in six months. VIX was
jabbed under 14% briefly but ended fractionally lower on the day at 14.4%
(-0.2vols). Equities and risk-assets disengaged today and equity's inability to
manage a late-day ramp (and AAPL closing at lows) must be a little
concerning for the cheerleaders .
Submitted by Tyler Durden
Following a major miss in July consumer
credit which declined by $3.3 billion (since revised to a -$2.5 billion
decline), it was only natural that August would be the opposite, and see a
rebound over consensus. Sure enough, the August total consumer credit number
came in at $2.73 trillion, an increase of $18.1 billion from last month , on
expectations of an increase by $7.25 billion. Why did the number rise? Same
reason as always : a government-funded pump
into non-revolving (i.e., Student and Government motor loan) credit which
soared by $14 billion while revolving credit posted a modest $4.2 billion
increase unable to even offset the July decline. But in headline scanning algo
news, this was the highest jump in post-revision (recall last month the Fed completely redid its
consumer credit series data which is now useless for any analysis going back
before December 2010). Yet oddly even with this massive pump the stock market
has refused to rebound and instead is acting in a very odd fashion and the now
traditional green color of stock moves has taken on an odd reddish hue that is
unfamiliar to the current generation of traders.
Submitted by Tyler Durden
While
we already presented the explanation for the dramatic drop in today's
unemployment report (almost entirely driven by the surge in part-time jobs for
economic reasons, hardly a thing to be proud of as more and more full time
jobs, especially those on Wall Street, are a thing of the past, while the
transition to a part-time worker society has been documented extensively in the past here ), there is
another number that is by far the most perplexing in today's NFP dataset: that showing the employment of workers in the 20-24 year
age category (both seasonally adjusted and unadjusted ). See if you
can spot the outlier in the chart below.
10-4-12
Dave’s
Daily: http://www.etfdigest.com ‘CENTRAL BANKS STILL IN CONTROL 10-4-12 From the FOMC Minutes we now know that policy makers are in full experimentation mode.
There is division and the ability to establish benchmarks and an exit strategy
are still a work in progress. This is our currency they’re messing with.
Clearly the congress and successive administrations aren’t really overseeing
policies as much as they pretend. The ECB’s Draghi held a press conference today announced no decision on
interest rates and stated things were just okey-dokey in Spain and elsewhere.
The ECB has purchased no sovereign debt yet or bonds from banks, and for all we
know they never will. And, let’s not forget the obligatory restatement from
Super Mario that “the euro is irreversible”. This you must take on face value.
In the meantime Spain has stated it wants no part of any so-called bailout
given politically unpalatable conditions. (Maybe they’ll just call it something
else…snicker.) They, like others, wish to buy time by invading their Social
Security trust fund. The U.S. congress knows how to do this too and we’re
mighty proud to lead the way in this! Jobless Claims Thursday were about
as expected (367K vs 370K expected & prior revised higher as usual to 363K
from 358K). This data continues to be poor no matter the bullish spin. Factory
Orders were weak (-5.2% vs .6% expected & prior 2.8%) so that’s a beat then
sort of. We’ll have Friday’s big employment report to look forward
to and analysts are busy recalculating possible scenarios (consensus currently
113K jobs & rate still 8.1%). Then there’s that debate from last night
which Romney won. One thing that did was lift coal stocks (KOL) since he touted
it. Anyway, that was just round one with more to come in debates and then a lot
of viciousness.The dollar (UUP) continues to drop allowing precious metals (GLD
& SLV) to rally along with other commodities (DBC & USO) for example.
Bonds (TLT) fell as stocks rallied. We forget stock bulls like the “weak
dollar, strong stock” trade. It does fly in the face of one of the Fed’s dual
mandates, “protect the purchasing power of the dollar”.For us we’re just lowly
trend-followers—perhaps with an attitude—so we’re long markets no matter how we
feel emotionally. After all this is my opportunity to rage at the machine all I
want.So, as indicated, stocks rallied once again led by financials (XLF),
miners (XME), healthcare (XLV) and energy (XLE) among other others.This will be
another short posting given Friday’s potentially market moving employment report.Volume
remained light before the report Friday but clearly bulls are enthusiastic
regarding QE globally. Breadth per the WSJ was positive…’
After the
debate debacle for Obama, we’ll find out if we have a race
Obama mocks Romney as ‘getting tough on Big Bird’ { Wow! Great point O. I bet that point wasn’t even teleprompted; strictly
your own. Now people know why america’s going down so fast and furious! } Drudgereport: UPDATE: Obama gives himself an
'incomplete' grade... { Wow!
The audacity! The unmitigated gall! This from the record holder for
fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in
addition to being famously over-vacationed while in office. Did wobama expect
that these things would in choom fashion magically come to fruition while he
was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm
The point is that you don’t have to love
Romney but you at least have to like yourself in saying ‘NO!’ to more wobama
b***s*** which is all that he is. Have some self-respect. His grade is
unequivocally ‘F’ for failure, having failed to do as promised which
coincidentally is a direct cause among others of this debacle called america’s
dark obama years. All the talk/b***s*** cannot change that reality. Obama:
Biggest mistake too much perspiration, not enough inspiration [What total b***s***!] { Biggest mistake:
too much b***s***, not enough substance; that’s reality, not spin! } White
House on weak jobs report: Don’t ‘read too much’ into it Olivier Knox, Yahoo! News { Riiiiight! Sounds like a plan! After all,
wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having
done anything of substance in his entire life. Indeed, even his so-called ‘auto-biographies’
are works of what appear to be ‘choom-gang’ induced fantasies which reveal a
psychogenic/dissociative amnesia that works well in the continuing ‘narrative’
devoid of fact on his ‘more b*** s*** campaign trail’ littered with the cowpies
of stark reality. People owe themselves and their children more than this
grifter’s con which in numbers measures more than the increased deficits of all
the presidents since President General Eisenhower combined to obfuscate his
unequivocal failure. http://albertpeia.com/10waysobamakillingjobsinamerica.htm } Obama Asks People Getting Married To Forgo Gifts... Donate To His Campaign Instead... AP: ‘…THE FACTS: Five
Senate Democrats voted against sending the DREAM Act to the Senate floor for
full consideration. The bill would have created a path to citizenship for many
young illegal immigrants brought to the United States as children. Last week,
Obama announced plans to stop deporting illegal immigrants who would have
qualified for the DREAM Act. The policy change does not include a path to
citizenship…’ Then there’s the other meretricious
‘wobama desperation hail mary’ that once again falls short. Indeed, as an
investor, one analyzes earnings, projects prospective earnings over a 3-5 year
horizon, and the quality of the earnings along macro economic factors which are
affected by ‘political considerations’. Does anyone remember the honorable Ross
Perot who warned of NAFTA’s effect on american jobs even as the democrat
administration et als were hell-bent on passing same? Should Romney have
breached his legal duty to shareholders and invested in companies with poor
earnings prospects? After all, in the financial / security analysis step of
projecting the income statement, prospective labor costs figure prominently in
the bottomline. In sum, Romney took conditions as he found them, and made the
prudent choices which as per his legal duty were optimal for those who put
their trust in him. For those who put their trust in proven failure wobama, all
they have to show for such misplaced trust are broken campaign promises, now
insurmountable record deficit spending exceeding all the presidents since
Eisenhower combined to obfuscate what clearly has been wobama’s unequivocal
failure. ] Will accept your birthday or anniversary gifts,
too...
IF IT WAS ONLY ONE THING ABOUT WOBAMA THAT MAKES HIM SO WRONG. YET, IT’S A
MULTITUDE OF REALITIES; FROM INVARIABLY BROKEN CAMPAIGN PROMISES ( Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the
unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall
street ( and declares with oscar in hand that not one high level wall street
exec has been prosecuted … despite ‘earning’ billions from the fraud ) Cases against Wall Street lag
despite Holder’s vows to target financial fraud WP Obama has
promised to hold Wall Street accountable for the meltdown. ‘ THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , etc.) , TO VERY REAL BIRTH ISSUES (WHAT PERSON FAILS TO
GET THEIR PLACE OF BIRTH CORRECT – THE FRAUDULENT WOBAMA KIND http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ) , TO THE CURRENT OBFUSCATING FRAUD, Obama's Five Trillion Dollar
Lie http://albertpeia.com/obamas5trilliondollarlie.htm { the economy is already in depression in real terms when taking into account real
inflation numbers. Financial Crisis Phase II Is
Ahead at Forbes Bert Dohmen ‘ In late 2007, I
wrote the book Prelude To Meltdown , predicting the global crisis that
occurred the following year. I now see a similar confluence of events ..
“the new recession has started.”… Over the past 33 years, we have called the
start of every recession..Currently, the GDP deflator is 1.8%, which hardly
reflects the true rise in prices. Therefore, what is counted as “growth,” is
actually price increases. Actual inflation..is now more than 11%. Using that to
adjust GDP for inflation, would show that the economy is now in a very sharp
contraction…’ } , WOBAMA ET ALS’ DISINGENUOUS ATTACKS AGAINST ROMNEY ON WHAT WAS PRIZED AND
LAUDED AS LEGAL, COMPETENT MANAGEMENT INCREASING SHAREHOLDER WEALTH (THE TASK
OF COMPETENT MANAGEMENT) IN THOSE BLOATED, NON-COMPETITIVE TIMES CONTRASTED
WITH WOBAMA’S UNPRECEDENTED FURTHER BANKRUPTING OF THE NATION AND INDISPUTABLE
FAILURE AS PRESIDENT ( Obama's Legacy: A Failed Recovery & Double-Dip
Recession Forbes / Mariotti ‘…There will be no significant recovery in
the United States of America while Barack Obama is President. The
evidence is overwhelming: everything Obama has tried to fuel a recovery
(with his Democratic allies in Congress) has failed. Statistics claiming
jobs saved by the stimulus package were mostly fiction, and cost American
taxpayers about $275,000 each. Nearly 2-1/2 million fewer Americans have
jobs than before the stimulus. Barack Obama has been President for 30
months—2-1/2 years. He spent the first year obsessed with passing Obamacare, a
program that doesn’t create jobs, but might destroy a lot of them. He
“bailed out” GM, but many believe that his interference didn’t save GM; it
merely cost taxpayers an extra $15-20 billion, and stole from legitimate
investors to buy off the UAW. His broken campaign promises are too
numerous to list…’). IT IS NOTHING SHORT OF TRAGEDY TO SEE PEOPLE DELUDE AND
MAKE FOOLS OF THEMSELVES IN SUPPORT OF JIVE-TALKING GRIFTER/CON-MAN OBAMA. GOOD
BYE FORMER FAILED PRESIDENT WOBAMA … GOOD RIDDANCE!
Marc Faber & Jim Rogers On
Our "Clueless, Ignorant, Dangerous" Leaders ZeroHedge.com While the discussions between
these two legends varied from Phat Phong nightlife to Dow 30,000, and from
China bullishness to AAPL bearishness, it was the conversation about the
actions of Bernanke, and more importantly our political leaders that summed up
perfectly the dreadful reality in which we find ourselves. The punchline: "It is very dangerous to have ignorant people
believing that they know something."
{ Yes! I absolutely believe that this ‘punchline’ is both important and
accurate but extends far beyond the realm of ‘political leaders’! } , Artemis Capital "Modern
Financial Markets Are A Game Of Impossible Objects" { I’d say more simply that they’re just
insanely criminal and require complete ablution by severe, substantial and
numerous prosecutions, incarcerations, fines, and disgorgement of the
ubiquitous fruits of their fraudulently criminal labor. There has never been as
now such a total divorcement from all principles of finance/economics in favor
of fraud at every level of society as facilitated by modern technologies
invariably put to bad use in furtherance of the debilitating frauds. } , Iran Arrests Gang-Of-16
'Currency Manipulators' A gang of 16 shady individuals have
been arrested by Iranian officials for allegedly smuggling currencies outside the banking network in order
to increase the value of foreign currencies and to disturb the public . As CNN reports , amid the
protests in the clip below, Iran says the 16 unidentified individuals "had
used an atmosphere of psychological
war created by the enemy " and colluded with "certain
domestic and foreign groups " to
exacerbate conditions. One of the accused, allegedly, had $300mm going through
a bank account and " will
be dealt with soon ." Those arrested "were the main players in the
recent fluctuations in the foreign currency market," the Tehran Judiciary
said in a statement as the public panics over a 60% drop in its currency's
purchasing power in the last few weeks. Of course, a 99% drop in the USD's
purchasing power is acceptable to the US public since it has been achieved over
a century or so...
Submitted by Tyler Durden
UPDATE: ZNGA re-opened -13%, now -16%
That foundation of social media
monetization has just announced a cut to its outlook and plenty more. The stock
is currently halted but its proxy FB is being sold after-hours...
*ZYNGA SEES YR BOOKING $1.085B TO $1.100B, SAW
$1.15B-$1.225B
*ZYNGA 3Q PRELIM EST. $286.4M, SAW $300M-$305M,
:ZNGA US
*ZYNGA SEES YR ADJ EBITDA $147M-$162M, SAW $180M-$250M
:ZNGA US
*ZYNGA 3Q PERLIM ADJ. BREAKEVEN-LOSS 1C; SAW BREAKEVEN
*ZYNGA CITES REDUCED EXPECTATIONS FOR `THE VILLE,' OTHERS
*ZYNGA SEES CHARGE ON INTANGIBLE ASSETS ACQUIRED ON
OMGPOP
Who couldanode? Securitizing synthetic
farms and paying huge premia for acquisitional growth wouldn't pay off? Is
OMGPOP accepted as collateral at the ECB yet?
Submitted by Tyler Durden
The fact that naturally scarce
currencies like gold do not hyperinflate — even in times of extreme economic
stress — suggests that the underlying mechanism here is of an extreme exogenous
event causing a severe drop in productivity. Governments then run the printing
presses attempting to smooth over such problems — for instance in the Weimar
Republic when workers in the occupied Ruhr region went on a general strike and
the Weimar government continued to print money in order to pay them. While
hyperinflation can in theory arise either out of either ?Q or ?M,
government has no reason to inject a hyper-inflationary volume of money into an
economy that still has access to global exports, that still produces sufficient
levels of energy and agriculture to support its population, and that still has
a functional infrastructure. This means that the indicators for imminent
hyperinflation are not economic so much as they are geopolitical — wars, trade
breakdowns, energy crises, socio-political collapse, collapse in production,
collapse in agriculture. While all such catastrophes have preexisting economic
causes, a bad economic situation will not deteriorate into full-collapse and
hyperinflation without a severe intervening physical breakdown.
Submitted by Tyler Durden
Threaky Thursday . Oil perfectly
round-tripped its plunge from yesterday (ending back above $91.50) as Treasury yields caught 'up' to equity strength on the
week . USD weakness was a one-way street of straight-line trend from 0500ET in
EUR today - until the Fed minutes broke something. Gold and stocks continue their synchronized lift - though gold
is still the clear winner post QEternity. Trannies outperformed again but the
day-session in the Dow and the S&P were largely treading water - after the
factory-order-driven stop run surge this morning. Meanwhile, all those
front-running winners in MBS land have seemingly started to unwind - as mortgage spreads have retraced post-QEternity gains quite
significantly (which is likely what helped Treasury yields higher
today - though the convergence to risk also helped). The ubiquitous 3ET AAPL
ramp was modestly front-run and epically failed as the stock-that-shall-not-be-named closed red with a $666
handle once again with some major volume at the close . VIX was
solidly banged lower right at the close (coinciding with AAPL's high volume
action) to end at 14.55 (down 0.88vols) in line with the S&P.
Submitted by Tyler Durden
Same members, same voters, same views,
same tools:
*FOMC PARTICIPANTS SAW `SIGNIFICANT DOWNSIDE RISKS' TO
GROWTH
*FOMC PARTICIPANTS SAW `PERSISTENT HEADWINDS' TO RECOVERY
*FOMC PARTICIPANTS SAW FISCAL POLICY AS A `DRAG' ON
ECONOMY
*FOMC PARTICIPANTS SAID HOUSING MARKET IMPEDING RECOVERY
*FED OFFICIALS SAW MANAGEABLE BOND BUYING RISKS, MINUTES SHOW
Warnings That A Massive Stock
Market Crash Is Imminent
http://albertpeia.com/massivestockmarketcrashimminent.htm
China To Challenge US Dollar
Reserve Currency Status
Gold
Core | China is actively taking steps to phase out the US dollar.
U.S. Added More Debt Monday
Than From 1776 Through Pearl Harbor
CNS
News | The federal government added $93,245,605,914.16 to its debt on Oct. 1,
the first day of fiscal 2013.
Warnings That A Massive Stock
Market Crash Is Imminent
http://albertpeia.com/massivestockmarketcrashimminent.htm , Dave’s Daily: http://www.etfdigest.com ‘PATIENCE IS THE OPERATIVE WORD 10-3-12 You really have to be careful now. Bernanke’s high wire act has no
guarantee of success. At the same time it’s worked before to drive up stock
prices. This seems to be what his main objective is and confirmed as it were
by Bloomberg . But how many times can you go to the well with this stuff? That’s the
question. Stocks are trying to rise and are dueling with poor economic data
from China and the eurozone not to mention what should be poor upcoming
earnings news.Hewlett-Packard (HPQ) warned today earnings as the overall PC
business is in trouble with weak demand.Economic data from the U.S. included
ISM Services data (55.1 vs 53.5 expected & prior 53.7). Comically the
person responsible (Nieves) at ISM said “hard to pinpoint the reason for the
gain in the index.” Embedded within the data were higher prices paid and the
employment component weakened (51.5 vs prior 53.8). The usually unreliable ADP
Employment Report rose (162K vs 140K expected & prior revised lower to 189K
vs 201K). Investors found the data overall less than thrilling but let’s face
it QE3 rules for now.Thursday is Jobless Claims again and then Friday’s
all-important Employment Report. Also we’ll see what impact if any the first
presidential debate provided.
In commodity
markets oil (USO) plunged, not so much on inventory issues as was feared, but
more about future demand prospects. (Crude Oil Inventories -.5M BBLs vs -2.4M
BBLs previously) doesn’t mean there’s a build in inventories particularly.In
other news it was reported that Chelsea Clinton has left her job on Wall Street { Difficult to imagine with bill and
hill her endowing (genetically) parents, but I personally think she is a good
person and couldn’t possibly imagine wall street as a suitable place for her;
even to get ‘her feet wet’. } to search
for more meaning in her no doubt wretched life. Me? I’m more interested in
Monica Lewinsky’s forthcoming tell all. Yeah, I’m feeling like a rascal
today.Stocks were led higher by Biotech (IBB) where earnings aren’t the driving
force, transportation (IYT) with energy lower, financials (XLF) and healthcare
which may benefit from an Obama win. Bonds (TLT) were flat while the dollar
(UUP) was slightly higher. Commodities (DBC) tumbled with weak energy markets
but gold (GLD) remained firm and near resistance levels. Given what’s
ahead and ordinary market action this will be another short post.Volume
remained quite light as investors seem tense before employment data, debate and
then earnings. Breadth per the WSJ was again unremarkable…’ , Fed's Latest Easing Has Little Impact -- Out of
Bullets (As Predicted By Many, including Graham Summers, all of whom among
others assert the severe inflationary impact of the misguided over-printing/creating/fiat currency and ‘weimar
effect’)? Marketwatch Headlines for 10-3 http://albertpeia.com/marketwatchheads10312.htm ,
Obama Contract Slides On
InTrade
ZeroHedge.com The first debate
is still in progress, but the habitual gamblers who have a compulsion to bet
all the time 24/7 on event outcomes have already spoken via their favorite
venue InTrade, and the initial reaction is not favorable for the
incumbent…’ , First Obama vs Romney Presidential
Debate - Live Webcast
, ‘…the first of many presidential debates will begin, whose ultimate
goal will be to validate in the minds of those 47% or so (aka the very
loud minority) who intend to vote for the next president, that they have made
the right choice. They haven't (for the reason, or rather 16,171,037,343,409 reasons, see here : neither
candidate {now} can do anything at all to prevent the debt crisis
iceberg that America is careening into full speed, and which nobody {I did!}
could have foreseen). .. , 4 Years After TARP - Winners,
Losers, Bubbles, And Troubles
, Fed Confused Reality Doesn't
Conform To Its Economic Models, Shocked Its Models Predict "Explosive
Inflation" , Complete Fed Failure: Retail
Investors Pull Out Most From Domestic Equity Funds In Two Months Just as we had suspected for months,
Bernanke's attempt to herd cats and to drive retail investors into equities is
now a complete and unmitigated catastrophe. According to just released ICI data , in the week
ended September 26, the second full week after the announcement of QE3 , retail
investors pulled $5.1 billion from domestic equity
funds, following a massive $4.8 billion outflow the week prior, and the most in
2 months. This is also the sixth largest weekly outflow in 2012 to date, a year
in which over $100 billion has already been pulled from equity mutual funds.
And since we now know that Bernanke's only motive for QE3 is to stimulate a
wealth effect and to push everyone into the broken casino, where such trading
farces as Kraft's flash smash today, as Knight Capital's implosion a month ago,
and FaceBook's IPO, not to mention the virtually daily Flash Crash in at least
one name, have killed every last shred of faith in equities, it can be safely
said that QE3 has failed three short weeks after being launched. As to where
the money did go: why taxable bonds of course - not even the "dumb
money" is that dumb to go where the Fed tells it to, and instead merely
does what the Fed does: it keeps on frontrunning the Fed's
monetization of the US deficit, which is now going on for the 3rd year
in a row… , NY Mass Transit Fares Will
Rise 35% From 2007 To 2015, And Surge From There , David Rosenberg: "RIP
Wealth Effect" So the Fed is
pinning its hopes on stimulating the economy via the wealth effect again, as it
did when it revived the post-tech-wreck asset bubble in housing and credit in
that now infamous 2003-07 period of radical excess. But here's the rub. While
there is a wealth effect on spending, the correlation going back to 1952 is
only 57%. But the correlation between spending and after-tax personal incomes
is more like 75%. The impact is leagues apart. And that is the
problem here, as we saw real disposable personal income decline 0.3% in August
for the largest setback of the year . The QE2 trend of 1.7% is about
half the 3.2% trend that was in place at the time of 0E2. Not only that, but
the personal savings rate is too low to kick-start spending, even if the Fed is
successful in generating significant asset price inflation. The savings rate
now is at a mere 3.7%, whereas it was 6% at the time of QE1 back in 2009 and
over 5% at the time of QE2 2010 — in other words, there is less
pent-up demand right now and a much greater need to rebuild rather than draw
down the personal savings rate. , About That Money On The
Sidelines: It's "All In"
Despite being told again and again by any-and-every commission-taker and
newsletter-vendor that sentiment is terrible, managers will need to high-beta
performance-chase, and the 'money-on-the-sidelines' is just around the corner ; it appears
that reality is different. The Net Long Interest in S&P 500 Futures
(the most liquid equity trading vehicle in the world) is now at its highest since
December 2008 . The last time investors were this 'net long', the
S&P 500 fell over 25% in the next two months. , Kyle Bass On The Federal
Budget: "I Don't Know How To Fix This" Hayman Capital's Kyle Bass is back and
cutting through the caustic bullshit that surrounds every waking moment in this
kick-the-can world. Dispelling the myth of our 'deleveraging' virtue, with global debt
having grown from $80tn to over $200tn in the last ten years alone (a 10.7%
CAGR) and the frightening reality of central bank balance sheet growth of 16%
per annum , Bass concludes (rightly) that "you can't do this
for very long" as governments infinitely leverage and central banks have
begun the endgame of open-ended money-printing. Addressing the question of
timing, Bass notes that while Europe and Japan are 'perceived' to be 'staying
together' there are in fact devastating losses occurring (ask Greek
bond-holders) and he firmly believes that "Germany will never go
joint-and-several with the rest of Europe." The world sits
at a place it has never been before in peace-time - as far as global debt
balances and deficits - and that is why the global investing playbook is so
hard . He goes on to address hyper-levered economies, delayed inflationary
outcomes, and worries that the cost-push (lower GDP, higher CPI) prints are
just beginning in Europe. As a fiduciary, and something all investors should
consider, Bass states "Given what we see coming, our job is not to lose
money!" , Does Stimulus Spending Work? As we patiently await tonight's
much-anticipated debate - and its zinger-ful diatribe of tax, spend, save,
borrow, jobs, jobs, jobs word bingo - we thought this perfectly succinct clip
dismissing the myth of how government stimulus leads to economic growth was
particularly pertinent. Professor Antony Davies provides evidence, via
empirical data from 1955, that there is no connection between federal
spending and economic improvement - and as we have repeatedly noted - it merely adds to
government debt . From the 'magic' of the Keynesian multiplier to the
eyes-wide-shut view of spending creating jobs while ignoring the
taxing-borrowing-printing nature of that spending. Government
doesn't create jobs, it 'moves' jobs; as three years of stimulus spending has
left us with ~8% unemployment and $4.6tn more debt. , 'Mugabenomics' From Zimbabwe
To The UK - "Gold Is Good"
In a post entitled 'Mugabenomics: Inflation in UK Higher than in
Zimbabwe,' Guido Fawkes points out how the Liberal Democrats Vince Cable once
warned that Quantitative Easing (QE) was “Mugabenomics.”, IMF Brings Good Tidings:
Prepare For Another Lost Decade
"It will surely take at least a decade... for the
world economy to get back to decent shape" is the
somewhat shockingly honest (and at the same time hopeful that ECOpocalypse does
not happen before) outlook that the IMF's Olivier Blanchard offers in a recent
interview with Hungary's Portfolio.ru via Reuters . , Guest Post: It's Not America
Anymore Those who rally
behind the modern concept of America rally behind a façade — an empty
shell devoid of the heart and soul that gave life to this once great
experiment. It is time for us to decide what kind of Americans we wish to be:
the deluded rah-rah puppets of a desiccated totalitarian society, or the
watchmen on the wall. Will we be the keepers and protectors of the vital core
of the American identity, or will we be fly-by-night consumers of the
flavor-of-the-day political carnival , eating every tainted sample from
the elitist platter in an insane attempt to replace our free heritage with a
sleek, sexy, rehashed form of top-down feudalism?
Ultraluxury NY Real Estate
Market Cracking As Legendary 740 Park Duplex Sells 45% Below Original Asking
Price
Even as the media desperately tries to whip everyone into
a buying frenzy in an attempt to rekindle the second housing bubble, the
marginal, and less than pretty truth, is finally starting to emerge. Over the
weekend we presented the first major red flag about the state of the housing
market - in this case commercial - when we exposed that " New York's Ultraluxury Office
Vacancy Rate Jumps To Two Year High As Financial Firms Brace For Impact ." What is
left unsaid here is that if demand for rents is low, then, well, demand for
rents is low: hardly the stuff housing market recoveries are made of. Today, on
the residential side, CNBC's Diana Olick adds to this bleak picture with " Apartment Demand Ebbs as ‘Avalanche’ of New Units Open ." In
other words rental demand for both commercial and resi properties is imploding.
But at least there is always owning. Well, no. As we have shown , the
foreclosure, aka distressed, market is dead, courtesy of the complete collapse
in the foreclosure pipeline as banks are effectively subsidizing the upper end
of the housing market by keeping all the low end inventory on their books (who
doesn't love the smell of $1.6 trillion in fungible excess reserves to plug
capital holes in the morning. It smells like crony capitalism). But at least
the ultra luxury, aka money laundering market was chugging along at a healthy
pace. After all there are billions in freefloating dollars that need to be
grounded in the US, courtesy of the NAR which is always happy to look the other
way, another issue we discussed this weekend . Now even that
market appears to be cracking, following the purchase of a duplex in New York's most
iconic property: 740 Park, by, who else but a former Goldman partner, at a whopping 45% off
the original asking price .
http://thetruthwins.com
http://albertpeia.com/christianspatriotsobamasterrorists.htm
10-2-12
Dave’s Daily: http://www.etfdigest.com ‘TURNAROUND
TUESDAY 10-2-12 The eurozone sector
was higher today for no particular reason. In fact Moody’s asserted late yesterday the much heralded beat for the
Spanish bank stress tests was a dud from their view. Instead of €53.7 billion
needed it was more like €105 billion that is needed. But that didn’t seem to
bother euro stock bulls much even as Spain stated they would not be seeking a
bailout soon. Bonds in Spain rallied in price showing the lack of respect many
rating agencies receive nowadays. Bottom line for me with Spain et al: “Get.
It. Over With!” Meanwhile U.S. markets jumped early and then faded again
late as investors fret about the upcoming earnings season. There’s also plenty
of employment news with ADP data Wednesday, Jobless Claims Thursday and the big
employment report Friday. We also have the first presidential debate outcome
which might offer some clarity. Earnings estimates have been reduced sharply.
This generally allows for earnings beats that get stocks jumping higher. It’s
all part of the games analysts and their corporate counterparts play on Wall
Street.Stock markets were program driven throughout the day in two-way action.
These are easily spotted on the 5 minute SPY chart below. Tech bounced back
mildly on the session. The dollar (UUP) was slightly weaker, gold (GLD) seems
stuck and needing a news boost, commodities (DBC) were mixed and bonds were
flat.In ETF news Vanguard announced it will be severing links to MSCI indexes
and naturally this hit MSCI stock hard today. This is just another aspect of
the ongoing fee wars taking place in the ETF space. Vanguard won’t be doing
this abruptly but over a period of time. It’s going to potentially screw up
charting depending how in sync the new indexes from FTSE and others will be.
Let’s remember, many indexes in various categories are quite repetitive so
perhaps the transition will be hard to notice. Given the action and
results this post will be short.Volume was once again light and breadth per the
WSJ was unremarkable…’ , Americans May Be Getting
Poorer, But At Least We Are Getting Fatter And Sicker http://albertpeia.com/americanspoorerfattersicker.htm , The Last Housing Crash Is Not
Even Over But Bernanke Is Already Setting The Stage For The Next One http://albertpeia.com/bernankesnexthousingcrash.htm , Why You Should Be VERY Afraid of Inflation http://albertpeia.com/fearthebighyperinflationcoming.htm , Eric Sprott: Do Western
Central Banks Have Any Gold Left? ZeroHedg.com , European Banks (Insanely)
Still Treat Their Sovereign Debt Holdings As Risk-Free, BIS Finds , US Debt Soars To
$16,159,487,013,300.35, +$93 Billion; Or How To Kick Off Fiscal 2013 With A
Bang , Guest Post: Eight Signs The
System Is Broken , Dancing On The Grave Of Keynesianism The problem we are going to face at some point as a
nation and in fact as a civilization is this: there is no well-developed
economic theory inside the corridors of power that will explain to the
administrators of a failed system what they should do after the system
collapses. This was true in the Eastern bloc in 1991. There was no plan of
action, no program of institutional reform. This is true in banking. This is
true in politics. This is true in every aspect of the welfare-warfare state.
The people at the top are going to be presiding over a complete disaster, and
they will not be able to admit to themselves or anybody else that their system
is what produced the disaster. So, they will not make fundamental changes. They
will not restructure the system, by decentralizing power, and by drastically
reducing government spending. They will be forced to decentralize by the
collapsed capital markets. The welfare-warfare state, Keynesian
economics, and the Council on Foreign Relations are going to suffer major
defeats when the economic system finally goes down. The system will go down… , This Is Why High Frequency
Trading Will Never Go Away In April of 2009 we warned very explicitly that reliance on the fake "liquidity" (which
was never liquidity per se but merely volume and churn) by the HFT algos that stuff
quotes, frontrun each other, spoof, layer, and generally make a mockery out of
the thing fomerly known as the market (which is now more than anything a policy
vehicle for central planners but that's a different story) would result in
tears. A year later the first flash crash happened, and ever since then more
and more people have finally realized how our 3+ year long crusade against HFT (which sadly is now a minor distraction against the far greater
evil which is central bank dominance of capital markets) was spot on, confirmed
by the recent segments ( here , here and here ) on CNBC which effectively confirmed the markets are not
only a joke, but without any real depth, i.e. fake. What is amusing is that
people still don't understand why the exchanges, and the regulators (coopted by
the exchanges) allow HFT to continue. Here is the answer: in
2011 the CME made 31.5% of all its revenues from HFT, the ICE: 25.1%, the NYSE:
21.4%, the Nasdaq: 17.1%, the CBOE: 22.4%, and so on. , From Currency Debasement To
Social Collapse: 4 Case Studies , China Just Killed All
"China Bails Out Europe" Rumors For Good , GM September Sales Miss;
Channel Stuffing Resumes , The Disconnect Remains;
Contracting PMIs Imply Dramatic Q4 Losses For Global Stocks Guest Post: The Real Reason
Behind War The conventional validation
for perpetual war in the Middle East does not hold when looked at rationally . When the ideas of nationalism and statist glory
are wiped away, the state appears as it really is: institutionalized
exploitation of the masses by the few. The undertaking of war masks this
reality for a short period while accelerating the pace at which liberty is
stripped away. In the end, wars are waged to fulfill the sadistic
desires of government leaders and to give them an opening to tighten their grip
on society . The
parasitic class which makes up the state doesn’t just war with other states; it
conducts war against the citizens it claims to protect.
The ECB – EUR22 Trillion Is
Missing Zero Hedge |
Think of it; twenty-two trillion dollars worth of assets and liabilities and accounted
for nowhere.
Via
Mark J. Grant, author of Out of the Box,
The ECB: The Missing Assets/Liabilities
“To
treat your facts with imagination is one thing, but to imagine your facts is
another.”
-John
Burroughs
Yesterday I published the assets/liabilities
of the European Central Bank as provided by them. I provided some analysis that
I thought was relevant as I also asked all of you to look at the numbers
yourself. To be quite open; I was stunned by the data they provided and shocked
by the implications. I had not seen the data in any other source or commented
about by anyone and the subject, while admittedly complex, and perhaps made
more complex by design, is a huge wake-up call for anyone investing in Europe.
The ECB lists, as of the end of the 1st quarter of 2012, 16.304 trillion
Euros ($ 21.032 trillion) in assets and 17.334 trillion Euros ($22.631
trillion) in liabilities. It is right there in black and white as
I showed in the ECB provided data that I presented yesterday. However when you
get to their consolidated balance sheet you find the numbers they bandy about
in public to be a ledger of 3.240 trillion Euros ($4.00 trillion) and you catch
your breath and pause. Utilizing normal American accounting practices this
variance would be impossible and yet here it is; staring us all right in the
face.
“Europe
has put a ‘stop payment’ on our reality check!”
-The
Wizard
I can report that I did hear from a
number of large institutions yesterday that also looked at the numbers
themselves and were stunned. Conversations were held, questions were asked and
I think an accurate summation of the conversations was that everyone was in
some state or another of astonishment. The numbers were not my numbers after
all and while many good issues were raised in terms of how to properly analyze
the data that was presented there was a clear sense that we were being duped by
the European Central Bank and played for suckers.
“Reality
is the leading cause of stress amongst those in touch with it.”
-Jane
Wagner
Forget that the liabilities are greater than the assets and forget that
that both have increased rather appreciably in the last several years and just
concentrate on the size of the numbers presented and then ask the central
questions; who is responsible for these assets and liabilities and where are
they counted? We know that they are not counted at the ECB as they are not a
part of their consolidated balance sheet. You may ask how this is possible and
I re-print, once again, the applicable note from the ECB:
“ Recognition of assets and liabilities
An asset or liability is only recognized
in the Balance Sheet when it is probable that any associated future economic
benefit will flow to or from the ECB, substantially all of the associated risks
and rewards have been transferred to the ECB, and the cost or value of the
asset or the amount of the obligation can be measured reliably.”
So there is the rationale, like it or
not, but then where are these assets/liabilities counted? We are talking about
$21.032 trillion in assets here and $22.631 trillion in liabilities which are
larger numbers that all of the GDP of Europe. We can surmise that the ECB does not count these loans,
securitizations and collateral as they belong to a given nation or a bank
guaranteed by the nation or the securitization is guaranteed by some country
but the rub is the country doesn’t count them either. When a
European nation reports out its debt to GDP ratio I knew that they did not
count contingent liabilities and I knew that government backed bank bonds were
not included and I knew that regional debt guaranteed by the government was not
included but this, and the sheer size of it, had lain underneath everyone’s
radar.
Think of it; twenty-two trillion dollars worth of assets and
liabilities and accounted for nowhere. No need to worry anymore about
Target2; a mere tuppence at one trillion dollars, a decimal point. Just exactly
what these assets and liabilities might be is anyone’s guess. Just which
nations generated them is also anyone’s guess as no data or explanation is
provided. Just what any country’s real debt to GDP ratio might be if these
assets/liabilities were included in the equation is also anyone’s guess but I
think it is safe to assume that the numbers would be off the charts; far off
the charts.
“Illusions
commend themselves to us because they save us pain and allow us to enjoy
pleasure instead. We must therefore accept it without complaint when they
sometimes collide with a bit of reality against which they are dashed to
pieces.”
-Sigmund
Freud
You know, these are not blue fairies or
gnomes or elves that have gone missing. These are twenty-two trillion dollars
($22 trillion) of loans and securitizations and mortgages that are found and
accountable for by no one. These
are real assets and real liabilities that have been turned into cash by the ECB
and it causes me to wonder just how accurate the Money Supply numbers are for
Europe with this amount of cash being pumped into the system. I
also wonder what anyone’s real balance sheet looks like and I wonder what kinds
of losses are being incurred and by whom. To be quite forthright, and in my
opinion, this seems to me not just the rigging of the game or the gaming of the
system but something far past that; something out beyond the realm of the credible
and of real world experiences.
This is what we are investing in when we
buy European bonds? This is where we are putting our client’s money? I don’t
know; they may have gone mad but I have not.
Have you?
“An
error does not become truth by reason of multiplied propagation, nor does truth
become error because nobody sees it.”
-Mahatma
Gandhi
10-1-12
The Federal Reserve Sends
Thank You Letters To Congress For Letting Them Destroy Our Economy In Secret http://alberpeia.com/feddestroyingeconomy.htm , Time to
reap gains and hedge positions
Marketwatch ‘it is time to take
profits’, Dave’s Daily: http://www.etfdigest.com ‘IRRATIONAL EXUBERANCE DOESN’T LAST 10-1-12
In the eurozone Monday it was revealed
that €59 billion was less than €62 billion expected and needed from the Spanish
bank stress tests. Further, unemployment in the eurozone soared to a record
11.4% and corporate earnings estimates were lowered by 52%. All this was seen
as bullish prompting innovative spin such as Nicholas Spiro, managing director
of Spiro Sovereign Strategy in London asserted: “Although the political and
economic situation in Spain is extremely precarious, and manufacturing and
labor market conditions across Europe remain bleak, investors are taking
comfort from the fact that things could be worse.” So, when a reporter calls
you for a comment, and clients may be aware, try some nonsense to dazzle
them.There was some good news from the ISM Mfg Survey (51.5 vs 49.7 expected
& prior 49.6) which was the first increase in months. The PMI Mfg Index was
more sobering (51.1 vs 51.5 previous) and Construction Spending was weaker
(-.6% vs .6% expected & prior revised to -.4%). The ISM is one of the more
important indicators and bulls ran with it recanting the previous theme, “bad
news is good, good news is better”. So there’s better data they think and QE3
provides the safety put bulls love.Bernanke was speaking today and touted the Fed’s QE3
program as a good strategy to cure high unemployment. This is hard to
understand since all previous QE attempts have failed to budge unemployment
much. He also stated the inflation would remain low for a long period. This
also doesn’t square with what most folks are paying for food, energy and
healthcare. But, perhaps he and Mrs. Bernanke don’t need to shop for food, have
the government limo to escort them about and most night’s out for food are
taxpayer funded. Bernanke also surprisingly stated that stimulus (QE) would be
kept in place even after the economy gains strength. He argued that Milton
Friedman would be approving of what the Fed was doing. This definitely does not
agree with Anna Schwartz who co-wrote with Friedman the famous “A Monetary
History of the United States”. She criticized
Bernanke & Co policies before
passing away this June. “It’s like the only lesson the Federal Reserve took
from the Great Depression was to flood the market with liquidity,” she told an
interviewer in 2008. “Well, it isn’t working.” And, as to bailing out banks she
called them “rogue operations”.So stocks rallied sharply out of the gate and
were turbo-charged after the ISM data at 10 AM. Early gains were led by
materials (XLB) and the industrial (XLI) sectors. As the day wore on enthusiasm
waned led primarily by tech (XLK) which never really joined much of the rally.
Gold (GLD) hit new 2012 highs intraday but also saw gains fade late. The dollar
(UUP) was flat as were commodities overall. Bonds (TLT) were stronger.Volume
was modest and breadth per the WSJ was positive…’ , Where We Are and Where We’re Going (10-1-12) http://albertpeia.com/fedroadtoperdition.htm , Guest Post: The Global Spring ZeroHedge.com
‘…Whether it was the intention from the outset or not, what globalization has created is a very small class of
incredibly wealthy people that are extraordinarily corrupt as a group and also
above the law . The writing is on the wall folks. The global
economy is headed back down into depths that will prove worse than 2008, and
this time no amount of money
printing and propaganda will be enough to hold things together . TPTB
know this. What we have today is not Socialism or Capitalism, it is
Ponzism. , Australian Government 'Finds'
Extra $338bn Assets (But No Unicorns Yet) In what could easily be a Friday Humor post,
Reuters reports that the
Aussie government's statisticians, taking a page out of the German's 'creative' accounting
book , have found an additional $338bn of assets for the
nation. 'Cheers' all around as the Australian Bureau of Statistics (and Lies) revised household wealth up by
AUD14,380 for every one of the country's 22.6 million people - as new estimates of unlisted
shares and other equity pushed the nation's total financial assets to AUD3.1tn
(compared to an originally reported AUD2.77tn. As the miners from down-under
continue to struggle against a fading China, this miraculous 'find' has dropped the ratio of debt to liquid
assets from a worrisome 170.1% to a meager 129.1% . Rumors are
circulating that the ABS is now looking for the ark of the covenant, the
philosopher's stone, and Shangri-La.
, Guest Post: Lacy Hunt:
"No Increase in Standard of Living Since 1997" , JPMorgan Sued By NY AG Over
"Shit-Breathing" Bear Stearns RMBS Fraud NY Attorney General Eric Schneiderman is
suing JPMorgan over "multiple fraudulent and deceptive acts" in
selling mortgage-backed securities causing losses of over $20bn . The suit
appears to be related to conduct at Bear Stearns and is on the back of the
monoline insurer lawsuits, and whistleblower affidavits such as the following:
In connection with the Bear Stearns
Second Lien Trust 2007-1 (“BSSLT 2007- 1”) securitization, for example, one
Bear Stearns executive asked whether the securitization was a “going out of
business sale” and expressed a desire to “close this dog.” In another internal
email, the SACO 2006-8 securitization
was referred to as a “SACK OF SHIT” and a “shit breather.”
While we hope this would effectuate some
real change, the likelihood is that it will at best result in a $300mm
civil-lawsuit slap-on-the-wrists and brownie points for Schneiderman while
nothing changes. , Presenting Spain's Economic
Collapse In Context , Guest Post: China's Broken
Growth Model , Fed's 'Trickle-Down' Policy
Lines Pockets Of Mortgage Originators
, Venture C(r)apital: Myth And
Reality ‘…Venture
capital (VC) has delivered poor returns for more than a decade. VC returns
haven’t significantly outperformed the public market since the late 1990s, and,
since 1997, less cash has been returned to investors than has been invested in
VC. Speculation among industry insiders is
that the VC model is broken…’ , Ben Bernanke Just Told A
Massive Lie About Milton Friedman
Ben Bernanke is so desperate to find support regarding his steal from
the poor and give to the 0.01% policies he is now telling blatant lies about
famous, dead economists that can’t refute what he says. In this case
Milton Friedman. In his Q&A today, The Bernank claimed: BERNANKE: MILTON FRIEDMAN WOULD HAVE SUPPORTED WHAT FED
DOING Well I suppose it’s easy to make things up about people
that can’t claim otherwise, but he made a big mistake this time.
Why? Because Anna Schwartz, who co-wrote the famous work “A Monetary
History of the United States” with Milton Friedman in 1963, actually came on
the record on several occasions calling out The Bernank and saying there’s no
way Friedman would agree. The sad part about this is it seems Bernanke
waited until Schwartz died to really start spewing the lies. This guy is
not only dangerous he is despicable and increasingly desperate… Don’t take it
from me though, back in October 2008 Anna Schwartz had this to say in the Wall
Street Journal.
Submitted by Tyler Durden
According to a recent CNN poll, 60% of Americans want go to war
with Iran to prevent them from getting nuclear weapons. This in spite of the
fact that the US intelligence community is fairy unanimous that Iran is not
even currently pursuing nuclear weapons. Simultaneously 71% of Americans — in total
contradiction to the evidence recognised by both the CIA and Mossad that Iran
is not currently even developing a nuclear weapon — believe that Iran currently has nuclear weapons . Unlike the
71%, I’m not really convinced by this — if anything, it could be Iranian
disinformation to try and avoid an American or Israeli attack. More
importantly, the US and Israeli intelligence
community at large don’t buy it. If they had any real evidence that Iran
had a bomb today, Netanyahu would have been presenting it at the UN instead of
drawing red lines on Wile E. Coyote bomb diagrams.
Submitted by Tyler Durden
With gold being horded in Iran and
hitting 2012 highs this morning, CNBC's Rick Santelli addresses the 800lb
gorilla in the Fed's room - the threat of inflation.
Critically noting that the hyperinflation of Weimar Germany "did
not happen overnight" but was gestated quietly until it was unstoppable by currency debasement;
the question remains of what exactly the Fed thinks it is doing. Santelli makes
the important point that if we look at 'printing money' as any type of solution
then why not take it to the extreme - " if we just print a million
dollars for every man, woman and child and handed it to them, wouldn't that fix
everything? " As he
adds "if it was that easy there would be no need for economist, no need
for even CNBC, but it isn't that easy ," Reflecting on Evans' earlier inability to quantify any metrics for whether QEternity was
working , Santelli notes that
the Fed man falls back to 'confidence' (animal spirits) but worries that
inflation is a lot like soybeans; need sun, water, and time but eventually will
grow rapidly. , European September Car Sales
Datapoints Submitted by Tyler Durden
Because the horse and buggy is the new
normal car:
FIAT ITALY NEW CAR SALES FALL 24% IN SEPT
FRENCH CAR SALES FALL 18.3% IN SEPTEMBER, DOWN 13.9%
THROUGH SEPTEMBER
PORTUGUESE LIGHT VEHICLE SALES DROP 42% THROUGH SEPTEMBER
This is what happens when you don't take
advantage of US , Chinese , or for that
matter Global channel
stuffing. It is, for now, unclear if Mario Draghi's monetization of 1-4 cylinder
Fiats is forbidden by Article 123.
, Euro-Zone 'Misery' Has Never
Been Higher
MiND oF a KeYNeSiaN
http://albertpeia.com/catsareamazing.htm
Posted by : williambanzai7 Post date: 10/01/2012 - 15:53 Cats can now walk on the
ceiling...
Cats can now walk on the ceiling
The Limerick King
The morons who venerate Keynes
The Limerick King
Benny has seen better days
The Limerick King
9-28-12 Dave’s Daily: http://www.etfdigest.com ‘QUARTER ENDS WITH A WHIMPER 9-28-12
The troubles in Spain continue as the government tries to pull money
from their Social Security fund to buy some time through early November. The
bank stress tests there revealed a need for $60 billion in bailout funds. The
citizenry are still unhappy. When we lived in South America it was common for
business there to be done in cash because no one (capitalists, socialists and
communists alike) wanted to pay any tax period. When queried about this they’d
just say it was part of their Spanish heritage. If you used plastic for any
purchases the bill would be increased by over 10%, not for the card
transaction, but more so due to taxes. The government then had no recourse
except to impose import duties which was the only reliable way they could
operate the country. So the culture of demanding benefits without any
willingness to pay for them is the problem. The U.S. administration complains a
similar problem but the country has an all too sophisticated system of
collection which defeats the Spanish problems. That said, we have our own issues
naturally. U.S. economic data continues to disappoint. Personal Income didn’t meet
expectations (.1% vs .2% expected & prior .1%); Consumer Spending rose (.5%
vs .5% expected & prior .4%) meaning less income and more spending; the
always entertaining PCE rose (.4% vs .5% expected & prior 0%); the comical
“core” PCE (1.5% vs 1.3%) which is that food and energy we don’t use (wink,
wink); the Chicago PMI fell (49.7 vs 53 expected & prior 53) but within the
data employment was at a 2.5 year low and prices paid was 63.2 vs 57
previously; and, U of Mich. Consumer Sentiment fell (78.3 vs 79 expected &
prior 79.2). Taken together the data prompted more “recession” talk. QE3 or 4
would certainly fix all that…certainly. So the little
light volume rally from Thursday, which also featured horrific data, was undone
and all markets reversed course once again. Once again it seems investor
complacency is just too high that poor economic data will reverse, the eurozone
problems will be resolved and the fiscal cliff will be avoided. A stronger
dollar which may present itself at any point will hurt forward earnings. Nike (NKE)
earnings and outlook hit the stock hard but dollar valuation wasn’t a factor.
Earnings season begins in earnest early next month and large disappointments
can cause PE multiples to contract quickly. Then there’s the election with
results currently a coin toss. In 1980 Carter had the lead over Reagan with as
poor a record as Obama but the debates sealed the deal for him. It’s impossible to predict the next quarter but portfolio managers did
make their quarterly bonuses so they’re in good shape for now. They might do
well to save it for the Holidays. The dollar
(UUP) was stronger once again; gold (GLD) weaker; stocks (SPY) weaker; bonds
(IEF) stronger; and commodities (DBC) overall were also weak. Volume was again increased on selling even as the markets attempted to
halve early losses. Breadth per the WSJ was negative…’ , 1.4 BILLION Spent On The
Obamas In 2012 – British Taxpayers Only Spent 57.8 Million On The Royal Family http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm { Yeah! These are typical, mooching, failing
(but fun-lovin’/party animals), unproductive niggers; and non-niggers should be
outraged! } While most of America is
suffering through one the worst economic downturns in U.S. history, the Obamas
are living the high life at your expense. During 2011, U.S. taxpayers
spent an astounding 1.4 billion dollars on the
Obamas. Meanwhile, British taxpayers only spent 57.8 million dollars on
the entire royal family. Does anyone else see something wrong with this
picture? So where did the 1.4 billion dollars go? That money paid the salaries of their
staff members, it paid for their transportation and housing costs, it paid for
entertainment and vacations for the Obamas, and $102,000 was even spent on a
"dog handler" for the family dog Bo. In his new book entitled
" Presidential Perks Gone Royal:
Your Taxes Are Being Used For Obama's Re-election ", author
Robert Keith Gray reveals some absolutely shocking details about the enormous
amounts of U.S. taxpayer money that are being…’ , Proof Positive Than Central
Banks and Central Planning Fail
http://albertpeia.htm/proofofcentralbankplanningfailure.htm ‘Regarding the
recent Central Bank coordinated intervention, the key take-away point is that
the ECB and US Federal Reserve attempted “shock and awe” tactics with their
latest announcements by throwing out words such as “unlimited” and
“open-ended.”The implication here was that the Central Banks would do everything they could to prop
up the financial markets. However, as has been the case with every Central Bank
intervention, there are unintended consequences (ie., inflation, stagflation,
etc.). The first unintended consequence concerns the fact that both programs
are essentially a form of “intervention to infinite.” The problem with this is
that the primary driver of stock prices over the last three years has been the anticipation of more monetary
stimulus from Central Banks.Indeed, the New York Fed itself has openly admitted
that were it to remove the market moves that occurred around Fed FOMC meetings
(the times when the Fed announced new programs or hinted at doing so), the
S&P 500 would be at 600 today.So, by announcing programs that will be on going in nature, both the
ECB and the Fed have removed the anticipation of future Central Bank
intervention from investors’ psychologies. This could become highly
problematic, especially if these latest announcements turn out to be
duds.Speaking of which…Spain’s ten-year bond yield has broken back above 6%. To
see Spain’s sovereign bond yields rising like this after the ECB announced
it would essentially provide “unlimited” buying as support is simply stunning.
And it indicates in plain terms that the ECB’s program was in fact a dud.In
other news, we find that even barely literate high school students have a
better understanding of job creation than Washington.In case you missed it,
recently the US public school system has implemented a series of reforms to
mandate what students should eat based on a healthier diet.The program was
spearheaded by First Lady Michelle Obama, who, despite not being a nutritionist
or having any sort of medical degree, has decided she knows what’s best for
children in terms of their diets.As a result of the reforms, the cost of school
lunches has risen by $0.20-$0.25 per plate. And students don’t like it. In
fact, many of them have begun protesting the reforms saying that they’re hungry
and the food portions are not enough…’
, Why Does Our Society Look Down
On Unemployed Men So Much?
http://albertpeia.com/uslooksdownonunemployedmen.htm , First
United Bank is 43rd 2012 U.S. bank failure , Chicago
PMI drops into negative territory in Sept. , Alternatives to the dollar Marketwatch
Elizabeth O'Brien ‘The Fed’s
latest stimulus program, QE3, has boosted risky assets like stocks and
commodities at the expense of the dollar. Here are some other options…the
currency’s long-term downward trajectory will continue, according to these
dollar bears. Many have looked to gold as the dollar began its slide this
summer. Drew Kanaly, a financial adviser at Kanaly Trust in Houston, increased
his clients’ allocations to gold through the SPDR Gold Shares exchange-traded
fund GLD -0.26% . Some
have looked to capitalize on other currencies’ appreciation relative to the
dollar. Donald Dempsey, a financial adviser in Williston, Vt., shifted part of
his clients’ international bond portfolios out of the iShares JPMorgan USD
Emerging Markets Bond fund EMB +0.34% and into
the WisdomTree Emerging Markets Local Debt fund ELD -0.15% . The
former gives investors exposure to international bonds but not their
currencies, whereas the latter does not hedge out, or erase, the currency risk.
Many emerging-market currencies have rallied recently, and the WisdomTree fund
allows investors to benefit from this appreciation along with any changes in
the underlying bonds’ prices (in the opposite direction, investors get hurt if
the currency declines). Anthony Welch, manager of the $12.8 million Currency
Strategies fund FOREX -0.10% ,
increased his exposure in mid-July to the Canadian and Australian dollars,
which have also recently outperformed the greenback. Both countries’ economies
are heavily tied to commodities, many of which are priced in the U.S. dollar
and tend to rally when the dollar declines. Over the past five years, the
Canadian and Australian dollars have risen against both the euro and the U.S.
dollar. (The U.S. dollar’s movements are often measured against the U.S. dollar
index, a basket of other currencies of which the euro makes up 57%.)…it makes
sense to adjust portfolios to reflect America’s weakened economic position.
Says Dempsey, “Longer-term, I have to feel safer with some of these emerging
markets that are running surpluses.”
, The Next Subprime Crisis Is
Here: Over $120 Billion In Federal Student Loans In Default
ZeroHedge.com , Guest Post: Welcome To The Era
of 'Ugly' Inflation , All Your Private Data Are
Belong To Obama , Fitch Warns UK Likelihood It
Loses AAA Rating Has Increased
, Charting The Death Of Europe's
Bond Markets , Goldman Cuts Q3 GDP Forecast
To Stall Speed 1.9% , Fed Buys $20 Billion In QE3 Mortgages;
Jobs Created: Zero , The Student Loan Bubble In 19
Simple Charts , Cue Stagflationary Recession:
Chicago PMI Huge Sub-50 Miss, Back To September 2009 Levels; Prices Paid Spikes QE1, QE2, Operation Twist 1, Operation Twist
2, a Fed balance sheet that is now expected to be $5 trillion in 2 years, and
all we get is a lousy manufacturing economy that according to the Chicago PMI just dipped
into contraction, or for all intents and purposes, recession, printing its
first sub-50 print, 49.7 specifically, on expectations of a 52.8, and down from
53. This was the lowest since September 2009 and the biggest miss in 4 months.
Specifically, the employment index came at a two and a half year low, New
Orders, Backlogs and Deliveries had their 3 month moving averages at the lowest
since Mid 2009, and Capital Equipment printed at a 17 month low. But not all
hope is lost: at least prices paid soared for the third consecutive month to 63.2
from 57. Cue not just recession, but stagflationary recession. It also means
that both the Manufacturing ISM and Q3 GDP will be a total disaster. Time to
start pricing in QE X to be followed 24 hours later by QE X+1. The central bank
cartel is starting to lose , Real Disposable Income Has
First Drop Since November 2011, Savings Rate Tumbles
Submitted by Tyler Durden
China accuses
Bo Xilai of multiple crimes, expels him from communist party ( Reuters ), China seals
Bo's fate ahead of November 8 leadership congress ( Reuters )
"Dozens of
phone calls on days, nights and weekends" - How Bernanke Pulled the Fed
His Way - Hilsenrath ( WSJ )
Fed won't
"enable" irresponsible fiscal policy-Bullard ( Reuters )
PBOC Adviser
Says Easing Restrained by Concerns on Homes ( Bloomberg )
Data Point to
Euro-Zone Recession ( WSJ )
Fiscal cliff
dims business mood ( FT )
FSA to Oversee
Libor in Streamlining of Tarnished Rates ( Bloomberg )
Monti Says ECB
Conditions, IMF Role Hinder Bond Requests ( Bloomberg )
Japan Heads for
GDP Contraction as South Korea Weakens ( Bloomberg )
Moody’s
downgrades South Africa ( FT )
Madrid
Struggles With Homage to Catalonia ( WSJ )
American Media Drums Up
Support for War … Again Posted by: George Washington Post date: 09/28/2012 - Israel Versus Iran: What’s REALLY Going On …Will Israel Blow Up Something
and Falsely Blame It On Iran? Posted by: George Washington Post date: 09/27/2012 - Will Israel Launch a False Flag Against Iran to Start War? { Yeah … what if they started a war and
nobody else came. After all, israel
will always do what’s good for israel and israelis, everyone be damned ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ; but, for quite some time, what’s good
for israel is not so good for the rest
of the world, and america particularly. Indeed, israeli agents were caught
cheering the 9-11 world trade tower debacle on the banks of the Hudson. Mission
accomplished? It was rather pathetic if not absurd to see netanayahoo talk
about the ‘Iranian red line’ when israel’s past the red line many times over
with their illegal nuke program and deployment of in excess of 200 illegal,
undeclared nukes. }
9-27-12 14 Signs That The World
Economy Is Getting Weaker
http://albertpeia.com/14signsworldeconomyweaker.htm The United
States is not the only one with massive economic problems right now. The
truth is that just about wherever you look around the globe things are getting
even worse. China is experiencing a substantial economic slowdown, and
Japan has resorted to yet another round of money printing in an effort to keep
the Japanese economy moving. Unemployment in Europe continues to get even
worse, and the riots this week in Spain and in Greece have been absolutely
frightening at times. In the United States there are a whole host of
signs that another recession is approaching, and the number of American CEOs
that say that they plan to eliminate jobs in the coming months is rapidly
rising… , Dave’s Daily: http://www.etfdigest.com QE TRUMPS HORRIBLE ECONOMIC DATA 9-27-12 You couldn’t have dreamed-up the crummy economic data received Thursday.
The leading stinkers were GDP (1.3% vs 1.7% expected) and Durable Goods Orders
(-13.2% vs -5% expected & prior 4.2%). Along for the ride were Pending
Homes Sales (-2.6% vs .3% expected & prior 2.4%) and Jobless Claims which
beat (359K vs376K expected & prior revised higher to 382K). The bullish
spin for the poor GDP data was it was caused by the drought that doesn’t jive
with the calendar, as it doesn’t support such a claim. The poor Pending Home
Sales data was spun by bulls as caused by a lack of inventory. Of course this
is hilarious since if you asked any banker with REO and they’ll tell you they
have plenty of inventory. Jobless Claims data looked positive on the surface
but “headline” numbers showed claims down by 141K but cumulative “revisions”
show only 2K lower in 2012 as chart below shows. In an election year
unsurprised the Department of Labor has asserted it may have underestimated job
growth by 380K. (There will be plenty of spin there.) http://albertpeia.com/joblessclaimspinandreality.gif
Spain of course
remains in the headlines as the budget process is slowly being unveiled. It
seems to be more about buying some more time than doing anything constructive.
Frankly they’re borrowing from their social security trust fund, which might
see them through October. Per BNP with a hat tip to Zero Hedge :
Spain is edging closer to asking for financial aid, but it’s a long, slow
process. We think Spain will find it very difficult to hold out longer than
October, though a transfer from the social-security stabilization fund could
give it some room to maneuver.
After today’s announcement of the 2013 budget and planned structural
reforms, the next event is tomorrow’s publication of the results of the
bottom-up bank audit.
The Eurogroup should take a broadly positive view on the new measures, assuming it
is given more detail, allowing the Spanish government to spin any bailout as a
reward for form. This could remove part of the stigma associated with it, at
least domestically.
The country’s regional elections on 21 October could be the last obstacle
to an aid request. Another glitch, however, is Catalonia’s call for an early
election in November and a potential referendum on regional autonomy.
Any unused funds from the bank bailout may be used to lower the final cost
of a sovereign bailout, something that should appease Germany. But we don’t
think these funds will be enough and expect Spain
September 27, 2012 http://gainspainscapital.com
http://albertpeia.com/businessownersknoweconomybetterthanfedben.htm
‘Since the
Great Crisis began in 2007 the Fed/ Feds have done the following:
Cutting interest
rates from 5.25-0.25% (Sept ’07-today).
The Bear Stearns
deal/ taking on $30 billion in junk mortgages (Mar ’08).
Opening various
lending windows to investment banks (Mar ’08).
Hank Paulson spends
$400 billion on Fannie/ Freddie (Sept ’08).
The Fed takes over
insurance company AIG for $85 billion (Sept ’08).
The Fed doles out
$25 billion for the automakers (Sept ’08)
The Feds kick off
the $700 billion TARP program (Oct ’08)
The Fed buys
commercial paper from non-financial firms (Oct ’08)
The Fed offers $540
billion to backstop money market funds (Oct ’08)
The Fed agrees to
back up to $280 billion of Citigroup’s liabilities (Oct ’08).
$40 billion more to
AIG (Nov ’08)
The Fed backstops
$140 billion of Bank of America’s liabilities (Jan ’09)
Obama’s $787 Billion
Stimulus (Jan ’09)
QE 1 buys $1.25
trillion in Treasuries and mortgage debt (March ’09)
QE lite buys
$200-300 billion of Treasuries and mortgage debt (Aug ’10)
QE 2 buys $600
billion in Treasuries (Nov ’10)
Operation Twist 2
(Nov ’11)
QE 3 buys $40
billion in Mortgage Backed Securities every month from now on (Sept. ’12)
That’s one heck of a list. And the worst part
is I know I’ve left something out somewhere.
However, despite this incredible
intervention, the economy remains in the toilet. Indeed, adding to the more
evidence that the alleged “recovery” is in fact a load of BS category… we have
the latest survey of small business owners. Small businesses (50 employees or
more) account for 75% of job creation in the US.
67 percent say there
is too much uncertainty in the market today to expand, grow or hire new
workers.
69 percent of small
business owners and manufacturers say President Obama’s Executive Branch and
regulatory policies have hurt American small businesses and manufacturers.
55 percent say they
would not start a business today given what they know now and in the current
environment.
54 percent say other
countries like China and India are more supportive of their small businesses
and manufacturers than the United States.
“Instead of smoothing the way, our government
continues to erect more barriers to growth through burdensome regulations that
increase costs for small businesses and all Americans,” NFIB president Dan
Danner said…’ , How Crony Capitalism (Or The
'Undiluted Lunacy' Of The Fed) Corrupts The Free Markets , How The Fed Crushed China's
Ability To Join The Ease-Fest
, Why The Wealth Effect Won't
Support The US 'Recovery'
, Santelli Vs. Liesman; Broken
Pipes, Trickle-Down Frowns, And 'Imaginary' Inflation , Stocks Ramp, PMs Ramp More,
Oil Ramps Most The world and
their mum will be overjoyed all is fixed again in Spain and Apple can be bought
safely as today's ramp-a-palooza in risk-assets indicates. However, the 100-pip
run in EURUSD which 'correlated-ly' ramped everything did more damage than good
in the long-run as Oil prices surged off their 'see
QEternity inflation is only transitory' way. WTI topped $92 (up over 3% off yesterday's lows)
as Gold and Silver surged on the day to end up around 0.25% on the week (in the
face of a 0.25% strengthening in the USD on the week). JPY strength and
moreover EUR's push dragged the USD 0.5% lower from yesterday's peak and
provided just the lift to get the S&P
back to Monday's lows, filled a gap in AAPL's chart and lifted the financials
ETF briefly back up to unch from pre-FOMC . Volume and
trade size was large as we ramped and drifted once we topped - which smells a
lot like pros selling into a stop-run-driven strength. Equities pulled back into the close (even as VIX limped
back under 15% down almost 2 vols today) catching down to risk-asset's slightly
less ebullient perspective .
, Egan-Jones Downgrades Spain To
CC From CC+ , Here Is The White House Spin
On Today's Disappointing Economic Data
A massive 13% collapse in durable goods, the biggest since January 2009;
a $20 billion miss to annualized Q2 GDP estimates, and well below the lowest
estimate, 60+ weeks of constant upward BLS revisions to initial claims
"data" and not to mention assorted atrocious economic (note: not to
be confused with market - the two are now completely unlinked) data from around
the globe. And what does the White House say: the data shows that the "US
is making progress." We sure wouldn't want to know what it would look like
if after 3 episodes of easing, trillions injected into the economy via the Fed,
and of course $6 trillion in extra debt the US was not making progress. Oh and yes, everything
else is Bush's fault.
Submitted by Tyler Durden
In the midst of the Great Depression, Treasury Secretary Andrew Mellon
famously advised President Hoover to “liquidate labor, liquidate stocks,
liquidate farmers, liquidate real estate” instead of propping each industry up
with tax dollars.
This liquidation doctrine would “purge the rottenness out of the system” and
make certain that “people will work harder” and “live a more moral life.” Contrary
to popular belief, Hoover did not take Mellon’s advice and went forth with his
own version of the New Deal that gave relief to farmers and supported wage
rates in certain industries. These efforts, which were exacerbated under
the presidency of Franklin Roosevelt, effectively prevented the market from
clearing. The boom of the late 1920s
that was driven by the Federal Reserve’s monetary inflation was not allowed to
bust. Instead of liquidating the debt and allowing the economy
to reach a sound footing, both the Hoover and Roosevelt administrations
attempted to manage it back to health. The result was the longest period of unemployment ever
recorded in American history.
Submitted by Tyler Durden
Durable Goods orders expectations were
pushed down to a dramatically low -5.0% after last month's dismal reading and
the PMI data since but the print
at -13.2% is mind-blowingly bad. Perhaps this is the sneak peek that Ben had? This drop is
the largest since January 2009 when world
trade had fallen off a cliff . It appears the seasonal-adjustments
are the driver of the plunge as NSA is -7.2% (still very weak for August). We
are sure there will be calls for the V-Shaped recovery from this but with a
very different stimulus-environment around the world (i.e. jaded and soaked in
much more debt), we suspect that will be less than forthcoming. The sub-indices
were all weaker than expected but we note that defense -40% and non-defense
aircraft orders plunged . On the bright side, all this terrible production data
inspired less layoffs as Initial
claims beat expectations modestly falling to its lowest (best) in two months - sigh.
Reuters | Israeli Prime Minister Benjamin Netanyahu drew his
“red line” for Iran’s nuclear program on Thursday.
Will Israel Blow Up Something
and Falsely Blame It On Iran? Posted by: George Washington Post date: 09/27/2012 - Will Israel Launch a False Flag Against Iran to Start War? { Yeah … what if they started a war and
nobody else came. After all, israel
will always do what’s good for israel and israelis, everyone be damned ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ; but, for quite some time, what’s good
for israel is not so good for the rest
of the world, and america particularly. Indeed, israeli agents were caught
cheering the 9-11 world trade tower debacle on the banks of the Hudson. Mission
accomplished? It was rather pathetic if not absurd to see netanayahoo talk
about the ‘Iranian red line’ when israel’s past the red line many times over
with their illegal nuke program and deployment of in excess of 200 illegal,
undeclared nukes. }
9-26-12 There is No Engine For Global
Growth Pt 3 (the US) September 26,
2012 http://gainspainscapital.com http://albertpeia.com/theresnoengineforglobalgrowth3.htm ‘The following is excerpt from a recent
issue of Private Wealth Advisory . In it I outline why
the world is entering a stagflationary disaster. To find out more about Private Wealth Advisory and how it can help you crush the
market… Click Here! {
I feel compelled to add here what I felt was more than just a leap of
faith by Mr. Summers who has in a recent public issue stated that he believes
the biggest frauds on wall street will be brought to justice. Wow! That’s
really all I can say. The next thing he might say is that pervasively corrupt,
defacto bankrupt america et als, along with the manipulated fraudulent
securities markets, are legitimate. Wow! In his fact-filled renderings, focus
more on Mr. Summer’s facts, fact-based inferences and conclusions, and less on
his unsupportable opinions as, ie., prosecutions of the biggest wall street
frauds are acomin’, or that meaningfully lawless america’s suddenly grown
scruples. Wow! } ‘In the last few days we’ve assessed how both
China and Europe are no longer engines for global growth. So what about the US?
By all counts, the latest ISM (a measure of manufacturing in the US) was a
complete and total disaster. In August the ISM hit 49. Anything below 50 is
considered a recessionary rating.However, things are even worse below the
surface. The ISM is made up of several components. Its Production component is
back to May 2009 levels . The New Orders
component is back to April 2009 levels .And worse of all,
Prices Paid is up to 54, up from a reading of just 39 in July. In simple terms
this tells us that inflation is hitting “lift off” in the US at the very same
time that we are entering a recession that
could be on par with that of 2008 . And with corn and soybean prices at or near
record highs, we could be on the verge of a stagflationary disaster combined
with a food crisis at the very same time. We get additional confirmation of a
major economic contraction from corporate earnings. Recently we’ve seen
earnings forecast cuts from Fed Ex, Bed Bath and Beyond, Proctor and Gamble, Adobe,
Starbucks, McDonald’s and more. Indeed, when you remove financials,
S&P 500 earnings FELL year over year for 2Q12. This is hardly
indicative of a strong economy. The fact a record number of Americans are on
food stamps doesn’t bode well either. And the Rasmussen Employment Index
indicates worker confidence is at levels not seen since the FALL OF 2008! All of this, combined with the following:
1)
Median income today is lower than it was during at the end of 2009 (when the
recession supposedly ended)
2)
The percentage of Americans on food stamps has increased from 11% to nearly 15%
3)
The average unemployment duration has increased from 30 weeks to nearly 40
weeks
4)
The civilian employment to population ratio hasn’t budged
5)
Industrial production has yet to exceed its former peak (a first in post WW-II
“recoveries”)
And this has happened despite the Fed’s
massive intervention in the markets/economy…’ , Dave’s Daily: http://www.etfdigest.com EUROZONE CONTAGION RETURNS TO MARKETS 9-26-12 ‘Sure we’re back from a brief trip but we’re not a big deal. No, it’s the
rascals in the eurozone who return to annoy us like a bad habit. Spain is front
and center now even as rioters are also out in full force in Greece. The issue
in Spain is quite simple. Spain needs a bailout but in order to qualify they
must meet “conditions” and that’s politically toxic to the public. More
austerity is something leaders just can’t sell although it’s said to be working
on this behind closed doors. Even the old province of Catalonia is threatening
to hold a referendum to secede from Spain.To make matters worse it isn’t just
the eurozone making things worse but in China as well. Shanghai indexes fell to
levels not seen since 2009 and are down nearly 10% on the quarter. This is the
poor result even as the PBOC cut bank reserve requirements and borrowing costs
twice this year. In the U.S. the Fed is underwriting the U.S. budget
deficit through its QE operations. This is like having economic policies in the
I.C.U. and on a feeding tube. When the ink runs dry the patient hits the
“fiscal cliff” a la Thelma & Louise.There was some excitement over New Home
Sales data released Wednesday. Homes sold disappointed dropping (373K vs 380 expected)
but prices paid rose 11.2 % which was a surprise. { No! Not so surprising given the over-printed fiat
currency/dollar debasement ‘strategies’ being employed even as fewer and fewer
are employed. } Nevertheless the chart
from the Fed shows things still trolling along the bottom. http://albertpeia.com/bottomfeeders.gif The big market boost from ECB and Fed QE may
have run its course for now. Perhaps the best we can hope for now is to just
churn about here barring more poor results. The Draghi & Bernanke Puts
should underpin markets but sometimes you just can’t overcome the bad news with
money printing. Even Bernanke said the Fed has done all it can and now we await
the election and the path forward with whoever wins. Whoever wins won’t have an
easy job given a lack of political consensus.After a large rally it’s logical
to see some profit-taking and a
more cautious wait and see approach. In this regard we’ve seen reversals with
the dollar (UUP); gold (GLD); equities (SPY); commodities (DBC); energy (USO);
bonds (TLT); emerging markets (EEM) and, in the eurozone certainly (EZU).
Domestic U.S. sector ETFs such as homebuilders (ITB) saw serious selling along
with energy (XLE).Volume has picked-up with selling these past two days and
this is a typical pattern. Breadth per the WSJ was negative
overall…’ , Fed Virtually Funding the
Entire US Deficit CNBC | “If this becomes the new ordinary,
it’s hard to imagine the Fed’s maneuvering room” should another crisis hit,
economist Lindsay said. { Another crisis? Folks, the nation is insurmountably
defacto bankrupt, along with a panoply of other problems, not the least of
which is pervasive crime and corruption. This is a crisis! } , Chicago Fed Asks "What
Are Asset Bubbles" As Its President Calls For Even More QE , Guest Post: Why QE May Not
Boost Stocks After All
, Europe Goes Pear-Shaped , Gold Holds As Equity
Dead-Dog-Bounce Folds
, iNflation: Americans Spend
Less On Food, Movies To Pay For Soaring Cell Phone Obsession
Color us unsurprised by this litte gem
(via Bloomberg):
*POSTAL SERVICE SAYS IT WON'T MAKE MANDATED PAYMENT ON
SEPT. 30
*POSTAL SERVICE
COMMENTS ON HEALTH BENEFITS PAYMENT IN E-MAIL
*U.S. POSTAL
SERVICE SAYS OPERATIONS WON'T BE AFFECTED
Miss a payment here, miss a payment
there; never mind. It would appear that everyone wants to be bailed out before
the election so they can pledge votes for taxpayer cash… Today's quote of the day award goes
to...
AHMADINEJAD
SAYS SITUATION IN IRAN `NOT SO DIRE'
AHMADINEJAD SAYS IRAN
ECONOMY `CERTAINLY BETTER' THAN U.S., EU
What is interesting about this
discussion by the Washington Institute For Near East Policy, a Neocon
(Globalist) think-tank, is that its primary purpose is not necessarily to
debate the current political elements of the Iranian question. They
aren't contemplating the viability or morality of a war with Iran.
Instead, they are attempting to devise strategies by which the government could
CONVINCE the American public and the world that a war with Iran is the
"right thing to do", even if it means fabricating their own
justification. For them, the war is a forgone conclusion, and they will
do anything to make it a reality.
Whether Atwater, California will join
the prodigious ranks of Stockton, San Bernardino, and Mammoth Lakes to become
the 4th Muni bankruptcy is up for vote on October 3rd (before a $2mm bond
payment in November). As Bloomberg notes, the 28,000-strong Merced county town
is suffering under the same weight
of public employee costs, lost revenue, and a stagnant economy leaving it with
a $3.3 million budget deficit . While some put their hope in the
FB IPO, perhaps Bernanke should have mandated investment in AAPL for all these
municipal comptrollers? The median income is 19% below the national average as
the foreclosure crisis - which saw Atwater's median home price drop by more
than half - has depleted property-tax revenues dramatically. " We just started negotiating with our unions and they are
going to have to take a major cut ," Mayor Joan Faul said. "We
hope that once we declare a fiscal emergency, that they will realize that we
are definitely in an emergency. If
they want to save all the jobs, everyone is going to have to take a cut ,"
Moments ago, the Census Bureau released the August new single-family house
sales number: at 373,000 on an annualized basis, it missed expectations of a
rise to 380,000, and was down from a revised 374,000. This is only the second
miss in 2012, and confirms that all talk of a housing recovery is misguided,
and merely represents one particular segment of the housing market: that of existing home sales
where buyers have all cash, are price indiscriminate, and are willing to take
advantage of the NAR's exemptions from anti-money laundering provisions. I.e.,
US real estate is merely a place to park cash for those who have obtained it
using questionable means. Looking at the number on a non-SAAR basis reveals
that only 31,000 actual houses sold in August, of which 3,000 in the Northeast:
surely a reason to keep on bidding up the builders into the stratosphere: fear
not, actual sales will come. Eventually. Finally, and demonstrating that rich
buyers focus primarily on dumping money into existing mansions, was the
distribution of purchases by price bucket, which showed a (Z), or under 500
houses sold, in the $750,000+ category. This was the first time there was a (Z)
in this bucket since February.
China To
Maintain Prudent Monetary Policy ( China Daily )
Why Exit Is An
Option For Germany ( FT )
China-Japan
Ministers Hold 'Severe' Talks As Spat Damages Trade ( Bloomberg )
Eurozone Deal
Over Bank Bailout In Doubt ( FT )
UBS Co-Workers
Knew of Fake Trades, Adoboli Told Lawyer ( Bloomberg )
Banks Seek
Changes To Research Settlement ( FT )
Secession
Crisis Heaps Pain On Spain ( FT )
SEC: NY Firm
Allowed HFT Manipulation ( Bloomberg ) - busted 'providing liquidity'?
Germany To Tap
Brakes ON High-Speed Trading ( WSJ )
Rajoy Outlines
Fresh Overhauls ( WSJ )
BBC Apologizes
To Queen Over Radical Cleric Leak ( Reuters )
British Banks
Step Back From Libor Role ( WSJ )
Obama Seeks To
Recast Ties With Arab World ( FT )
Violent Protests Swirl in
Spain As Regions Seethe
RT.com | ‘The
protesters called for members of Parliament members to be sacked for misleading
the voters with austerity measures.’
Quantitative Easing Did Not
Work For The Weimar Republic Either
Economic
Collapse | Did printing vast quantities of money work for the Weimar Republic?
Nope. And it won’t work for us either.
Is the era of free checking
accounts over?
The Week | The
financial industry is forcing customers to pay more just to park their money at
the bank.
Is the Fiscal Cliff
“Taxmageddon,” or Too Little, Too Late?
Thomas R. Eddlem | The anti-tax
foundation Americans for Tax Reform has labeled the end of the Bush-era tax
cuts that are scheduled to expire at the end of this year .
The Declining Economic Freedom
Of The United States
Zero
Hedge | The United States, long considered the standard bearer for economic
freedom among large industrial nations, has experienced a remarkable plunge in
economic freedom during the past decade.
9-25-12
Dow will
repeat 2007-2008 peak-crash cycle Commentary: It’s deja vu as lessons of meltdown go unheeded By Paul B. Farrell , MarketWatch http://albertpeia.com/dowwillrepeatcrashcycle.htm , It's not
different this time: The Dow Theory Marketwatch - Oliver Pursche
, Quantitative Easing Did Not
Work For The Weimar Republic Either http://theeconomiccollapseblog.com http://albertpeia.com/qedidnotworkforweimarrepubliceither.htm [ http://albertpeia.com/moreqesayfraudsonwallstreet.htm ,
QE4? The Big Wall Street Banks
Are Already Complaining That QE3 Is Not Enough http://theeconomiccollapseblog.com http://albertpeia.com/moreqesayfraudsonwallstreet.htm ,
There is No Engine for Global
Growth Pt 2 (Europe) September 25, 2012 http://gainspainscapital.com http://albertpeia.com/theresnoengineforglobalgrowth2.htm , Several Exponential Charts
ZeroHedge.com 9-25-12 , For China Size, Not Quality,
Matters As First Aircraft Carrier Launched , Five SAC Traders Implicated In
Insider Trading Case Two years ago nobody would dare touch Steve
"Blue Eyes" Cohen's firm. Then we dared to ask some questions. Then the entire expert
"information arbitrage" network pyramid got exposed (with a one year delay after ZH) and hedge funds returns
aka "alpha" plunged , Gold Holds Post-QE Gains As
S&P Drops Most In 2 Months It seems European credit markets
were on to something this morning. As European tensions spilled over so the US
equity markets just could not hold on to the post QEternity gains and turned
down rapidly shortly after Europe closed. The S&P 500 has
retraced over 75% of its post-FOMC spike gains, Treasuries are well below the
pre-FOMC yield levels and the USD has retraced all of its losses. The 1% drop in the S&P 500 is the largest in over
two months. equities closed at their lows - something we have not seen in a
while - with all the usual high-beta suspects (e.g. AAPL -2.5%) all getting
crushed. VIX surged to 15.5% (up 1.25 vols) as volume surged across most equity
indices. Only Healthcare and Staples remain green post-FOMC. , Spanish Protest Turns Violent Sadly the social
unrest that we had predicted, when over 50% of the youth are unemployed and the
politicians are navel-watching, has erupted, as angry protesters charge the
local police, who in turn are arresting rioters and using volleys of rubbers
bullets to keep the crowd at bay.
, How A 12th Century
Mathematician Just Doomed Bernanke's Wealth Effect , The Declining Economic Freedom
Of The United States The United States, long considered the
standard bearer for economic freedom among large industrial nations, has
experienced a remarkable plunge in economic freedom during the past decade . From 1980 to 2000, the US was generally rated the third
freest economy in the world, ranking behind only Hong Kong and Singapore. The
ranking of the US has fallen precipitously; from second in 2000 to eighth in
2005 and 19th in 2010. By 2009, the United States had fallen behind
Switzerland, Canada, Australia, Chile, and Mauritius, countries that chose not
to follow the path of massive growth in government financed by borrowing that
is now the most prominent characteristic of US fiscal policy. By 2010, the United States
had also fallen behind Finland and Denmark, two European welfare states.
Moreover, it now trails Bahrain, the United Arab Emirates, Estonia, Taiwan, and
Qatar . The Fraser Institute's massive volume on the Economic Freedom Of The World -
based on the following five factors: Size of Government, Legal System & Property Rights, Sound Money,
Freedom to Trade Internationally, and Regulation - covers 42 variables with the goal of quantifying the
key ingredients of economic freedom.
, CDS Market Begins Trading
Imaginary Credit With LIBOR-Style Fixings , Guest Post: Why Germany Is
Going To Exit The Eurozone , Half Of Americans Making Under
$30K Have Less Than $100 In Savings , Italian Parliament's Postman
Revealed To Be A Coke-Dealing Mobster , LTRO Smoke, OMT Mirrors,
Fiscal Sledgehammers Submitted by Tyler Durden
Investors remain convinced, it would
seem, that the fiscal cliff will not happen because our great-and-good
politicians in Washington know full-well that the economic repercussions will
be too great. Even though Ben's foot is to the floor, he has stated that monetary policy will be unable to offset the negative
economic impact of the tax hikes and spending cuts . The prospect
of agreement among a deeply polarized politik and just as Goldman expects, we
worry that the S&P 500 will fall sharply following the election once
investors finally recognize the serious possibility that the
'fiscal-cliff-problem' will not be solved in a smooth manner. In order to
clarify that thinking, Bloomberg Brief has provided 12 charts on the timelines, impact, uncertainty, and
possibilities surrounding this most obvious of risk events .
Submitted by Tyler Durden
Some time ago, before China's hard
landing was virtually assured (see Iron Ore prices), there was a period when
its data was a veritable cornucopia of Schrodingerian ambivalence, with various
economic indicators representing either growth or contraction at the same time.
It appears that the modified wave-particle duality has just shifted to the US,
whose housing segment is the latest patient of wave function collapse as the
July Case Shiller index printed both a beat and a miss at the same time. The
Top 20 composite index beat
in the NSA Year over Year price change, which was +1.2%, on expectations
of +1.05%, and up from a revised 0.59. However, it missed in the sequential Top 20 Composite price
change, which printed at 0.44%, below expectations and half off the June price
increase of 0.91%. In fact, as the chart below shows, the July increase was now
the slowest sequential increase in the past 5 months, and at this rate, the
August, or September data at the latest, will show a sequential decline in
prices, as the euphoria from the Rent-to-REO fades, and as the massively pent
up foreclosure inventory is finally forced to come to market and drag prices
far below where the currently artificially propped up market "clears"
(read Foreclosure Stuffing ).
Submitted by Tyler Durden
"Dollars spent on entitlements dwarf those spent on discretionary
items such as education, and tower over net fixed business investment, which is
partially responsible for greater productivity, business expansion and rising
living standards. Periods with greater investment as a share of GDP are highly
correlated with both faster economic growth and rising living standards. One
risk to the U.S. economy is that rising entitlement spending will require the
government to borrow from the finite amount of capital held by private savers,
thus squeezing out private firms that need the capital to expand businesses and
increase productivity."
Politico | “In the sense that he’s more aggressive, more illegal
worldwide.” { In other words, more like
a nigger! The blackbama is basically a continuation/progression of war
criminal/incompetent bush! }
Paul Joseph Watson | Nanny state
is no longer on steroids, it has turned into the Incredible Hulk. { http://albertpeia.com/30examplesusnolongerfree.htm }
See if
you can guess in which European country all of these
beautiful pictures were taken: {0}
The 4
Middle Eastern pictures above are from Saudi Arabia , not Iran.
Same thing, you say? Actually, Saudi Arabia is doing its best to overthrow Iran via terrorism , and is persecuting Christians and Jews much more than Iran.
Maybe
we should learn a little bit more before deciding whether or not
to bomb Iran?
Especially
since the U.S. has been claiming for more than 30 years that Iran was
on the verge of nuclear capability, and top American and Israeli defense
and intelligence bosses say that bombing Iran will only increase the odds that Iran will
actually build a nuclear weapon ?
Postscript:
Iran obviously has problems and is far from perfect. But given the tidal
wave of propaganda in the news which is doing everything possible to “demonize
the enemy” to justify war, we think it is valuable to provide some balance and
perspective.
http://albertpeia.com/guess.htm
SNB in a Pickle Posted by : Bruce Krasting Post date: 09/25/2012 - SNB bond-buying is "exacerbating" the gap between
borrowing costs for stable countries like Germany and the rest of the 17-nation
euro zone.
Guess Where These Beautiful
Pictures Were Taken … Posted by: George Washington Post date: 09/25/2012 - Must-See Pictures
http://albertpeia.com/guess.htm
LoRD oF THe CRoNY FLieS... Posted by: williambanzai7 Post date: 09/25/2012 - and a flying moron.
9-24-12 Americans Are Literally Being
Worked To Death http://albertpeia.com/americansworkedtodeath.htm { I personally
believe a new category of anxiety disorder has arisen in america which probably
would fall within the broader genus of ‘obsessive compulsive’;viz., the
obsessively compulsive trait being overuse of cell phones/text messaging, etc.,
in some instances to the point where fingers are literally rendered ‘raw’ from
the typing. Such, of course, is famously promoted/encouraged (tweets, etc.) by
the media, ‘celebs’, etc., and of course the ‘sellers’ of the China-made
gadgets, ie., apple (I-phones, etc.), etc.. And, despite being invariably
sympathetic to the plight of kids generally, I really must say it’s really
rather startling and pathetic! }
, 19 Signs That America Is Being
Systematically Transformed Into A Giant Surveillance Grid http://albertpeia.com/usasurveillancegrid.htm , 10
states stealing California's population { Stealing? I
don’t think so. There’s really nothing positive to say about california as a
(w)hole! Only jersey is worse! http://albertpeia.com/calihole.htm And, as recently as the Reagan ‘80’s that
was not nearly the case concerning california which has fallen far and fast.
} ,
There’s No Engine For Global
Growth (China Edition)
http://albertpeia.com/theresnoengineforglobalgrowth.htm , Get Your Fake Tungsten-Filled
Gold Coins Here ZeroHedge.com , Winners Lose As Safety
Outperforms UPDATE: CAT is sliding AH after noting higher
chance of recession and cuts 2015 EPS guidance from $15-20 to $12-18 , In Preview Of Inevitable
Unhappy QEnding, Overeager German Safecrackers Blow Up Bank It looks like someone took a page from the
Bernanke open-ended playbook, who when tasked by Chuck Schumer to "get to work, Mr. Chairman ", and
realizing his job is on the line, literally bet the Fed's political ranch on
the biggest liquidity tsunami ever conceived in Keynesian history with
consequences which as Gary Kaminsky explained earlier, will be akin to a
Kamikaze pilot, if one who has over 310 million passengers. That someone was
one or more German safecrackers in the town of Nottuln-Darup, who were eagerly
pursuing their New Normal patriotic duty to release some bank
reserves into broad circulation by blasting through a safe on Sunday night,
when they used some extra laced C-4, in the process blew up the entire bank,
shattering windows across the street, and causing hundreds of thousands of
euros worth of damage. Perhaps this, more than anything, is the best
visual of just what Bernanke's attempt to unclog the "bank plumbing"
will look like in the end , even better than Zimbabwe coordinated 1 million man flush . The silver
lining: at least they added to German GDP: if today's Ifo number is any indication,
Germany desperately needs it. , Meanwhile In Downtown Camden As we reported earlier , Camden may be
broke, the local police may now be history, unemployment may be 50%, it may be
nothing more than one big crack cocaine depot and driving through downtown at
less than 88 mph may be hazardous to your health, but that wasn't always the
case. In fact, back in 2009 the city had enough money to afford billboards.
Such as this one on the intersection of Dr Charless Brimm Blvd and S. Broadway,
courtesy of Google StreetView (sorry iPhone 5
users: you can't see this). Brought to you by www.joncorzine09.com , Spanish Military Threatens
Treason As Catalonia Seeks Secession Referendum { As an aside, it should be noted that
Catalonia is birthplace to my all-time favorite and many of the world’s
greatest artists. } , With $1.6 Trillion In FDIC
Deposit Insurance Expiring, Are Negative Bill Rates Set To Become The New
Normal? , Guest Post: Pavlov's Dogs - An
Overview Of Market Risk
, Confirming US Dumbification,
Verbal SAT Scores Just Hit Record Low
, Guest Post: The Greatest Trick
The Devil Ever Pulled
Never try to teach a pig to sing, advised Robert Heinlein. It
wastes your time and it annoys the pig. Similarly, never try to convince
a central banker that his policies are destructive , Kaminsky: "Bernanke Is
Now A Kamikaze Pilot"
In a little under four minutes, CNBC's Gary Kaminsky provides a voice of
reason amid the 'Gold-and-Bonds-are-in-a-bubble-but-Apple-is-awesome' meme.
Reflecting on some of the mind-blowingly crazy statistics of this market's
recent inexorable rise, central bank balance sheet eruptions, and valuations;
Kaminsky (an ex-PM as opposed to 'reporter') provides six clarifying words: "We know this will end ugly!" From the lack
of credibility of any Fed exit, to the explosion of the monetary base, Gary
moves back and forth from Japan as an ever-more-obvious template for our path
past the Keynesian endpoint. Finally, he concludes that: "Bernanke is a kamikaze pilot... experimenting [in
monetary policy] and is destined to fail." , David Rosenberg On The
'One-Trick Pony Market'
Global economic fundamentals are awful, bearish divergences are
occurring everywhere, investor sentiment is nearing bullish extremes, political
risks remain high and last week's market performance can be summed up in four
words - 'lack of follow through' . As Gluskin
Sheff's David Rosenberg explains, more
than two-thirds of the rally points the stock market has enjoyed since the
summer-time lows occurred around central bank policy announcements . So the market
is really a one-trick pony here, breathing in the fumes of central bank
liquidity , America's Deadliest And
Poorest City Set To Disband Its Entire Police Force Over Budget Crisis While the stock market in the US continues
to surge (if not so much in China where the composite is back to 2009 lows) as
the relentless liquidity tsunami makes its way into stocks, and other Fed frontrunning instruments , and only there , reality for everyone else
refuses to wait. Last week we saw reality striking in Greece, where a section
of Athens literally shut down after it ran
out of all cash. Today, reality comes to the US, and specifically its poorest
city, Camden, which is a twofer, doubling down also as America's deadliest
city. It turns out Camden is about to become even deadliest-er, as its police
force is set to be disbanded following a budget crisis in this effectively
insolvent city. , The Fed Is Systematically
Destroying Social Security And The Retirement Plans Of Millions Posted by : ilene Post date: 09/24/2012 - SS Ponzi is approaching a cliff. , Following QE8, Japanese
Teachers' Pension Fund Goes All-In: Focus on 'Return' Not 'Risk' Haven't we seen this picture before - and it
didn't end well? , Guest Post: QE For the People
- What Else Could We Buy With $29 Trillion? In a system that depends on lies and the credulity of the citizenry, the
greatest lie is that the Federal Reserve's "quantitative easing"
bailouts of the banks somehow help our citizens and communities , Janjuah Stopped Out ‘…Nomura's Bob
Janjuah remains 100% correct in his diagnosis and prognosis of the current
'grossest misallocation and mispricing of capital in the history of
mankind' … "...risk assets are
in a bubble which of course can extend, but which can reverse sharply and
suddenly. Up here, 'valuation metrics' are not going to help much... this
bubble could extend for maybe a few months and by up to 10%, ...but that we
could see global equity markets 10/15% lower in virtually a
'heartbeat'." , Overnight Sentiment: 'Rumors
Regurgitated, Refuted' Redux As German Economy Slips Again , Greece Caught Underreporting
Its Budget Deficit By Nearly 50%
, The Global Trade Cycle Turns
Lower , Daily US Opening News And
Market Re-Cap: September 24 Risk-averse sentiment dominated
the first half of the session today, as market participants digested yet
another disappointing macro economic data release from Europe (German IFO),
which fell for a fifth consecutive month. In addition to that, EU’s Van Rompuy
said that he sees tendency of losing the sense of urgency, likely pointing the
finger at Spain which is yet to request monetary assistance to prevent another
speculative attack. It remains unclear when the official request will be made,
but there is a risk that the application will only take place after regional
elections in late October or even after the Eurogroup meeting in November.
Finally, German finance ministry spokesman said that leveraging the ESM to EUR
2trl, as reported by Der Spiegel over the weekend, is not realistic and called
the report completely illusionary. As a result, peripheral bond yield spreads
are wider, with Italian bonds underperforming as markets prepare for this
week’s supply from the Treasury. Heading towards the North American cross over,
EUR/USD is seen lower by around 75pips and is trading in close proximity to the
1.2900 level, with bids said to be placed below. Talk of dividend related
buying in GBP/USD, as well as EU budget related selling in EUR/GBP by two
different UK clearers helped support GBP/USD. Going forward, there are no major
economic releases set for the second half of the session, but the BoE will
conduct its latest APF and the Fed will buy between USD 1.5-2bln in its latest
POMO.
Submitted by Tyler Durden
World on track
for record food prices 'within a year' due to US drought ( Telegraph )
Foxconn halts
production at plant after mass brawl ( BBC )
Germany Losing
Patience With Spain as EU Warns on Crisis Effort ( Bloomberg )
Fed Recovery
Doubts Spur Investor Bid for Treasuries ( Bloomberg )
Japan protests
as Chinese ships enter disputed waters ( Reuters )
In
Shark-Infested Waters, Resolve of Two Giants Is Tested ( NYT )
China jails
Wang Lijun for 15 years ( FT )
China closes in
on Bo Xilai after jailing ex-police chief ( Reuters )
European
Leaders Struggle to Overcome Crisis Stalemate ( Bloomberg )
Politicians 1:
Austerity 0 - Portugal Gives Ground on Worker Contributions ( WSJ )
Obama Controls
Most of His Money as Republicans Have More ( Bloomberg )
Coeure Says Not
Clear That Further ECB Interest-Rate Cut Needed ( Bloomberg )
France Seeks
Labour Overhaul ( WSJ )
9-21-12
We're Entering Another
Economic Collapse... Right As Inflation Hits LIft Off! Phoenix Capital Research 9-21-12 http://albertpeia.com/economiccollapseplusrisinginflation.htm , 21 Facts About America's
Decaying Infrastructure That Will Blow Your Mind http://theeconomiccollapseblog.com http://albertpeia.com/21factsamericasdecayinginfrastructure.htm , 100 DAYS UNTIL LARGEST TAX HIKES IN
HISTORY... http://albertpeia.com/taxmaggedon.htm Dumb
money sees a rally, so gird for a dip
, Dave’s Daily: http://etfdigest.com ‘QUAD WITCHING NONEVENT 9-21-12
I’ve been taking a working
vacation—better said, working on catching some fish. But I note that since
leaving on Tuesday not much has changed with markets. In the eurozone it seems
authorities there wish to postpone serious decision making until after the U.S.
election. That’s rather curious and let you draw your own conclusion. Oil
markets have taken a beating on inventory issues. It seems the supposed
“fat-fingered” trade or SPR release rumor weren’t correct. It may be some
traders got some inside information on inventory data. Again, draw your own
conclusion…In the meantime Friday’s quad-witching was a pretty uneventful and
volume was light. The dollar
(UUP) remains weak overall and precious metals like gold (GLD) and silver (SLV)
remained steady after some previous selling. Beyond Apple (AAPL) which as you
know has become “the market”, not much has changed throughout the week. The
leading sectors remain in real estate best expressed by Homebuilders (ITB).
Bonds (TLT) continued to be steady.Volume remains quite light for quad-witching
day although Thursday’s volume was higher as traders began to rollover and
unwind positions. Breadth per the WSJ was positive…’ , PIIGS In America: Is Illinois
Preparing To Request A Federal Bailout? ZeroHedge.com Moments ago we saw the following amusing headline crossing the
BBG:
ILLINOIS TEACHERS' PENSION FUND CUTS RATE OF RETURN TO 8% FROM 8.5%
It's amusing because these are the same
teachers who were demanding, and received, higher pay - 17% higher over four years in fact
- following a several day strike. It is even more amusing considering that in a
fiscal year in which we saw QE2, Operation Twist 1 and 2, and LTRO 1 and 2, the
nation's largest pension fund,
Calpers, managed to eek out a
measly 1% gain (and this is including the end of June surge following
the then announced European bailout which turned out to be yet another dud). It
is, however sadly, most amusing, because it may be a harbinger of something
truly sad: the advent of the "PIIG bailout" to America, when a US
state demands a Federal bailout. We have seen how eager Europe has been to
bailout its insolvent nations. We are next about to see just how "united"
the US is when its own solidarity is tested as state after state repeat the
European bailout experience. But hey: at least we have the dollar so all should
be well. , How to Measure Strains Created
by the New Financial Architecture
, The Gaping Maw Of
Centrally-Planned Surreality
, Guest Post: QE3 And Bernanke's
Folly - Part II , Quad Witching Day Sends NYSE
Volume Soaring To Highest In Over A Year Between quarter-end, quad-witching, and the
index-rebalancing, activity at the NYSE soared today. More than triple the average of the last few weeks,
today's volume was the highest since the US downgrade last August - over 13
months ago - and given the downward pressure in prices into the
close it seems more motivated sellers than buyers locking in anticipated
Fed/ECB gains. , Gold And Silver Trump US
Equities In Q3 And Year-To-Date
, Will Nasdaq Be The Next
Casualty Of The SEC's Anti-Latency Arbitrage Push? Back in 2009 Zero Hedge was first the
only , and shortly thereafter, one of very few non-conformist
voices objecting to pervasive high frequency trading and other type
of quantitative market manipulation in the form of Flash Trading (which has
recently reemerged in yet another form of frontrunning known as " Hide not Slide "
practices) quote stuffing, and naturally latency arbitrage : one of the
most subversive means to rob the less than sophisticated investor blind, due to
an illegal coordination between market markers, exchanges and regulators, which
effectively encouraged a two-tier market (one for the ultra fast frontrunning
professionals, and one for everyone else). A week ago we were amused to see
that the SEC charged the NYSE with a
wristslap , one for $5 million dollars and where the NYSE naturally
neither admitted nor denied guilt, accusing it of doing precisely what we said
it, and all others, had been doing for years: namely getting paid by wealthy traders, those using the
prop data feed OpenBook Ultra and other paid systems, to create and perpetuate
a two-tiered market, all the while the regulator, i.e., the SEC was paid to
look the other way. This action was nothing but a desperate, and futile,
attempt to regain some investor confidence in the market. It has failed, and
since said "enforcement" action has done nothing to restore
confidence, expect to see more exchanges slapped with fines for actively
perpetuating latency arbitrage opportunities for "some" clients.
Well, since the SEC will be desperate to come up with more means of
"restoring credibility" of both the market and its regulator, another
exchange it may want to look at is the NASDAQ, which as Nanex demonstrates, may
well have been engaging in comparable (most likely not pro-bono) latency
arbitrage benefiting some: those paying for its direct feed aka TotalView, and
thus not harming others, or those relying on the Consolidated Feed (UQDF) for
data dissemination.
On Santelli's Queasiness About
Bernanke's Quantitative-Easiness Between CNBC's Rick Santelli and PIMCO's
Mohammed El-Erian, this brief clip succinctly sums up the 'less than ideal'
reality of Bernanke's all-in bet and how the world is trying to 'trade' it.
Santelli analogizes: "Visualize the
biggest fire hose in the world, 20 miles away from a little Geranium plant? Now
this hose is going and going and going, and ultimately, that Geranium plant
gets a little bit of water but everything around it and leading up to it for
miles around is just underwater. That's QE, in my opinion." To which
El-Erian retorts: "at what point do you tell investors stop focusing
on the benefits and make the collateral damage the investment theme?" It seems,
given gold's outperformance, that this is exactly what is occurring as the
hose-pipe's flood spills out everywhere.
Art Cashin And Dick Fisher
Expose The Farce That America's Corrupt And Bought Congress Has Become Dick Fisher
speaks: "Just recently, in a hearing before the Senate, your senator and
my Harvard classmate, Chuck Schumer, told Chairman Bernanke, “ You are the only game in town.” I thought the chairman
showed admirable restraint in his response. I would have immediately answered,
“No, senator, you and your colleagues are the only game in town . For you and
your colleagues, Democrat and Republican alike, have encumbered our nation with debt, sold our children
down the river and sorely failed our nation . Sober up. Get
your act together. Illegitimum non carborundum ; get on with
it. Sacrifice your political ambition for the good of our country—for the good
of our children and grandchildren. For unless you do so, all the monetary
policy accommodation the Federal Reserve can muster will be for naught.”"
Presenting: President
Inflation …regarding
wobama/bernanke QE/currency debasement… It seems implicitly that Meyer
Rothschild's famous quote: "Let
me control a peoples' currency and I care not who makes their laws" has never been
more true. Or perhaps, the odds can be gamed to become
self-confirming (just as with HFT in stocks) - especially given the volume
surge?
Romney
releases 2011 tax return, paid IRS 14.1 percent { Average for
americans is 13% … let’s talk about wobama’s record … of unequivocal failure …
the real, ineluctable and ultimate issue he’s been trying to divert attention
from … People must realize the magnitude of wobama’s failure and the
unaffordable, insurmountable expense of obfuscation: ‘…those who put their trust in proven failure wobama, all they have to show
for such misplaced trust are broken campaign promises, now insurmountable
record deficit spending exceeding all the presidents since Eisenhower combined
to obfuscate what clearly has been wobama’s unequivocal failure...’ ( The Real Obama Budget Deficit
For 2011: 5 Trillion Dollars
http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S.
Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse
than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one
looks…The government’s total indebtedness ( is now greater than ) $211 trillion ’ … ) }
'TIME TO SHOW YOURS, HARRY'
President
Obama Falsely Claims Fast and Furious Program "Begun Under the Previous
Administration" Obama's Legacy: A Failed Recovery & Double-Dip
Recession Forbes / Mariotti ‘…At some point, his
statute of limitations on blaming Bush runs out…’
Obama:
Biggest mistake too much perspiration, not enough inspiration [What total b***s***!] { Biggest mistake:
too much b***s***, not enough substance; that’s reality, not spin! } White
House on weak jobs report: Don’t ‘read too much’ into it Olivier Knox, Yahoo! News { Riiiiight! Sounds like a plan! After all,
wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having
done anything of substance in his entire life. Indeed, even his so-called
‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced
fantasies which reveal a psychogenic/dissociative amnesia that works well in
the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign
trail’ littered with the cowpies of stark reality. People owe themselves and
their children more than this grifter’s con which in numbers measures more than
the increased deficits of all the presidents since President General Eisenhower
combined to obfuscate his unequivocal failure. http://albertpeia.com/10waysobamakillingjobsinamerica.htm } Obama Asks People Getting Married To Forgo Gifts... Donate To His Campaign Instead... AP: ‘…THE FACTS: Five
Senate Democrats voted against sending the DREAM Act to the Senate floor for
full consideration. The bill would have created a path to citizenship for many
young illegal immigrants brought to the United States as children. Last week,
Obama announced plans to stop deporting illegal immigrants who would have
qualified for the DREAM Act. The policy change does not include a path to
citizenship…’ Then there’s the other meretricious
‘wobama desperation hail mary’ that once again falls short. Indeed, as an
investor, one analyzes earnings, projects prospective earnings over a 3-5 year
horizon, and the quality of the earnings along macro economic factors which are
affected by ‘political considerations’. Does anyone remember the honorable Ross
Perot who warned of NAFTA’s effect on american jobs even as the democrat
administration et als were hell-bent on passing same? Should Romney have
breached his legal duty to shareholders and invested in companies with poor
earnings prospects? After all, in the financial / security analysis step of
projecting the income statement, prospective labor costs figure prominently in
the bottomline. In sum, Romney took conditions as he found them, and made the
prudent choices which as per his legal duty were optimal for those who put
their trust in him. For those who put their trust in proven failure wobama, all
they have to show for such misplaced trust are broken campaign promises, now
insurmountable record deficit spending exceeding all the presidents since
Eisenhower combined to obfuscate what clearly has been wobama’s unequivocal
failure. ] Will accept your birthday or anniversary gifts,
too...
IF IT WAS ONLY ONE THING ABOUT WOBAMA THAT
MAKES HIM SO WRONG. YET, IT’S A MULTITUDE OF REALITIES; FROM INVARIABLY BROKEN
CAMPAIGN PROMISES ( Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins
Oscar for Documentary on the unprosecuted massive extant fraud in the (many)
TRILLIONS by the frauds on wall street ( and declares with oscar in hand that
not one high level wall street exec has been prosecuted … despite ‘earning’
billions from the fraud ) Cases against Wall Street lag
despite Holder’s vows to target financial fraud WP Obama has
promised to hold Wall Street accountable for the meltdown. ‘ THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , etc.) , TO VERY REAL BIRTH ISSUES (WHAT PERSON FAILS TO
GET THEIR PLACE OF BIRTH CORRECT – THE FRAUDULENT WOBAMA KIND http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ) , TO THE CURRENT OBFUSCATING FRAUD, Obama's Five Trillion Dollar
Lie http://albertpeia.com/obamas5trilliondollarlie.htm { the economy is already in depression in real terms when taking into account real
inflation numbers. Financial Crisis Phase II Is
Ahead at Forbes Bert Dohmen ‘ In late 2007, I
wrote the book Prelude To Meltdown , predicting the global crisis that
occurred the following year. I now see a similar confluence of events ..
“the new recession has started.”… Over the past 33 years, we have called the
start of every recession..Currently, the GDP deflator is 1.8%, which hardly
reflects the true rise in prices. Therefore, what is counted as “growth,” is
actually price increases. Actual inflation..is now more than 11%. Using that to
adjust GDP for inflation, would show that the economy is now in a very sharp
contraction…’ } , WOBAMA ET ALS’ DISINGENUOUS ATTACKS AGAINST ROMNEY ON WHAT WAS PRIZED AND
LAUDED AS LEGAL, COMPETENT MANAGEMENT INCREASING SHAREHOLDER WEALTH (THE TASK
OF COMPETENT MANAGEMENT) IN THOSE BLOATED, NON-COMPETITIVE TIMES CONTRASTED
WITH WOBAMA’S UNPRECEDENTED FURTHER BANKRUPTING OF THE NATION AND INDISPUTABLE
FAILURE AS PRESIDENT ( Obama's Legacy: A Failed Recovery & Double-Dip
Recession Forbes /
Mariotti ‘…There will be
no significant recovery in the United States of America while Barack Obama is
President. The evidence is overwhelming: everything Obama has tried
to fuel a recovery (with his Democratic allies in Congress) has failed. Statistics
claiming jobs saved by the stimulus package were mostly fiction, and cost
American taxpayers about $275,000 each. Nearly 2-1/2 million fewer
Americans have jobs than before the stimulus. Barack Obama has been President
for 30 months—2-1/2 years. He spent the first year obsessed with passing
Obamacare, a program that doesn’t create jobs, but might destroy a lot of them.
He “bailed out” GM, but many believe that his interference didn’t save
GM; it merely cost taxpayers an extra $15-20 billion, and stole from legitimate
investors to buy off the UAW. His broken campaign promises are too
numerous to list…’). IT IS NOTHING SHORT OF TRAGEDY TO SEE PEOPLE DELUDE AND
MAKE FOOLS OF THEMSELVES IN SUPPORT OF JIVE-TALKING GRIFTER/CON-MAN OBAMA. GOOD
BYE FORMER FAILED PRESIDENT WOBAMA … GOOD RIDDANCE!
Obama: 'We
get Virginia, we win'
Obama Blames
GOP for Inability to Pass Immigration Reform
84 Statistics That Prove The
Decline Of The Middle Class Is Real And That It Is Getting Worse
Michael Snyder
| The middle class in America is being systematically destroyed. http://albertpeia.com/84statsdeclinemidclassrealgettingworse.htm
IT’S OFFICIAL: It’s Been
Announced That ‘Currency Wars’ Are Back On
Business Insider | Brazilian
Finance Minister Mantega has just blasted the Fed’s QE3 policy for setting off
“Currency Wars”.
Have the Last 5 Years Been
Worse than the Great Depression?
Washington’s Blog | There are
many indicators which show that the last 5 years have beenworse than the Great
Depression of the 1930s.
9-20-12
Is America The Most
Materialistic Society In The History Of The World? http://albertpeia.com/americanmaterialism.htm { When it
comes to american fortunes especially; particularly, ie., fraudulent wall
street-made fortunes, though there are otherwise some exceptions, that old
adage displayed at the beginning of one of Francis Ford Coppola’s masterfully
done mafia movies, viz., ‘Behind every fortune a crime’, is apposite. } , The
richest and poorest U.S. cities by income http://albertpeia.com/25uscitiesbyincome.htm , 10 Quotes From Financial
Experts About The Effect That QE3 Will Have On Gold And Silver http://albertpeia.com/10quotesfromfinancialexpertsreqe.htm
, Forget About QE… I’m Worried About UC September 20, 2012 http://gainspainscapital.com http://albertpeia.com/qeconsequences.htm ‘… Inflation is back in
a big way. It’s not going to show up in the official numbers, but if you’ve
paid for gas or food or healthcare recently, you’ve no doubt noticed that:
A) Things are a lot more expensive B) You get way less
bang for your buck (food packages are shrinking while prices remain the same)
This has been the case for some time now. However, the Fed’s QE 3 program,
combined with the ECB’s OMT program, (both of which are “open ended” or
“unlimited” in scope), have taken things to a whole new level. Which is why we
need to be concerned not with QE, but with UC: Unintended Consequences. The Fed is largely
composed of academics with little if any professional/ banking experience.
These are people who use flawed data (case in point, the inflation measures in
the US are a joke) to build models that they believe explain
how reality works…’ , Bernanke Fails At Herding Cats
Again As Market Simply Front-Runs The Fed... Again Zerohedge.com Once again, the unintended
consequences (or fundamental flaw as we noted previously ) remain
front-and-center, just as with prior episodes of QE, we have seen the market
surge into the very assets that the Fed has promised to buy (in this case into
Eternity). 30Y current coupon
mortgages spread to 10Y Treasuries has fallen - rather stunningly - below 20bps . An all-time
record low by a mile. Homebuilders and broad equity markets are not so excited
as in his failed attempts to drive people into risky assets (stocks), those 'smart' people have simply front-run the Fed's MBS buying
deluge - more than willing to sell the market back to the Fed while
reaping some additional yield .
, The Payoff: Why Wall Street
Always Wins {and everyone else loses} - An Excerpt ‘...the pushback from Wall Street was
intense and multi-pronged. The Blob oozed through the halls of government,
seeking, through its glutinous embrace, to immobilize the legislative and
regulatory apparatus, thereby preserving the status quo. The executive jets of
the Wall Street air force flew sortie after sortie, transporting high-ranking
emissaries from new York to Washington to meet with the SEC, [Senator Chris]
Dodd and [Senator Richard] Shelby staff, and the staff of other senators on the
Banking Committee. Some of the executives, no doubt less enthusiastically, even
met with Josh and me. The research companies and market experts Wall Street
employs also raised their voices against us. At times it got ugly. Ted was
called a crackpot and dangerously uninformed. He was accused of “politicizing”
market regulation (a strange notion considering he wasn’t running for
election). It seemed as if Wall Street, which wasn’t used to someone on Capitol
Hill asking in-depth questions about arcane issues, wished to silence or
marginalize its critics. Industry people would always ask me, “What got Kaufman
so interested in this stuff?” Used to politicians whose top priorities were to
please their home-state business interests and raise money, they had trouble
fathoming that Ted was so interested because it was the right thing to do. He
believed in fair markets. And because he was genuinely concerned about emerging
issues that threatened the stock market, where half of all Americans keep a
sizable portion of their retirement savings.’
, Jim Grant: We Are Now All
Labrats Of Bernanke And The Fourth Branch Of Government ‘.." The Experiment Economy ".." We are all living in a land of speculation and
manipulation" is Grant's summary of the current predicament of anyone
who wishes to trade these "markets" and it may as well be the best
synopsis of the New (ab)normal..’
, Guest Post: How to Navigate An
Economy Weighed Down By Government Meddling and Cronyism , Meet Robert Rubin: The Man In
Charge … of failure , Art Cashin's Post Mortem On
Japan's Now Failed QE 8
, Philly Fed Posts Fifth
Consecutive Negative Print, As Hopium Soars By Most Since 1991 The Philly Fed's current September Business
Indicators index, long ignored when bearish and cheered when bullish, came
slightly above expectations of -4.5, printing higher from last week's -7.1 to
-1.9. This was the fifth consecutive negative print. And while there were no
major highlights in the index, whose New Orders rose from -5.5 to 1.0 at the
expense of Shipments and Inventories, both of which imploded to worse then -20,
the real story is the Six Months expectations index, which exploded from 12.5
to 41.2: this was the biggest spike
may not ever, but certainly in the past 22 years ! Is there any
wonder why everyone is transfixed with hope that Q4 will be the deus ex that
saves the US economy. And so we are back to being a hopium driven economy -
when reality sucks, there may not be much change , but there is always hope that finally, the central planners will
get it right, and the future will be so bright you've gotta wear Made in China
shades. One word of caution: if the so very much anticipated and 100% priced
in Q4 recovery does not materialize, and with the fiscal cliff and debt
ceiling issues still unresolved, get the hell out of Dodge, as the spread
between hope and reality comes crashing.
Bad News Is Bad News Again We explained last week why the
initial exuberance from QEternity was likely to fade since it basically removed
all suspense from futures FOMC announcements - i.e. that bad news would once again become bad news as opposed to
bad news stoking the hopes or more-er QE . Well this morning's bad news -
to wit: China PMI, Europe PMI, and US initial claims - has indeed had a
detrimental impact on S&P futures as they approach fresh post-FOMC lows . , Odds Of Avoiding Recession:
One In Thirty , Initial Claims Print Is So
Bad, It Is Actually Good, That Market Sees It As Bad Today's initial claims print was the 5th week
out of 6 in which expectations missed: instead of coming in at the consensus
number of 375K, down from last week's 382K, the BLS reported a miss to
expectations of 7K, resulting in a seasonally adjusted number of 382K, or what
is now once again secular shift higher. But, wait big miss was actually good
news: why? Because the ever data-massaging BLS was kind enough to revise last
week's print upward (for the 86th week in a row ) from 382K to
385K (just as we predicted last week) which in turn led to such farcical
headlines as " U.S. weekly jobless claims drop slightly to 382,000 " from the
WSJ. And so bad news is now great headlines: Orwell would be proud. Here is an
alternative and realistic headline: "Initial Claims Rise Post Next Week's
Upward Revision." , Bank Of America To Fire 16,000
By Year End , The New Con: Three-Card-Mario
Submitted by Tyler Durden
For all those who thought the
smooth-talking, avuncular Goldman operative Mario Monti would never lie when he
said "Italy is fine", we have some bad news. He did:
*ITALY REVISES 2012 GDP TO -2.4% FROM -1.2%
*ITALY REVISES 2013 GDP TO -0.2% FROM GROWTH OF 0.5%
*ITALY RAISES 2012 DEFICIT TARGET TO 2.6% FROM 1.7%
*ITALY REVISES 2013 DEFICT TO 1.6% OF GDP FROM 0.5%
*ITALY SEES 2012 DEBT AT 126.4% OF GDP, 2013 DEBT AT
127.1%
9-19-12
It’s Time to Air Out Ben
Bernanke’s Dirty Laundry
http://albertpeia.com/rainmanhelicopterbensdirtylaundry.htm , What Mitt Romney Also Said: A
Glimpse Of The Endgame?
ZeroHedge.com http://albertpeia.com/mittalsosaid.htm , 'Krugman's Kryptonite' Pedro
Schwartz On Creating Money Out Of Thin Air "A serious inflationary disaster will only be prevented if
governments succeed in reducing their deficits and stop selling bonds" is how the infamous destroyer of Krugman , Pedro
Schwartz, describes the dangerous 'tennis match' being played between The Fed
and The ECB. In an excellent interview with GoldMoney's James Turk, the Spanish
'Austrian' economist talks about bank regulation, the creation of money out of
thin air, and the beauty of a trult free market system. From fictional reserve
lending to the fragility (and boom-bust cycles) of our financial system, the
mild-mannered 'Keynesian-Krusher' concludes that " there has to be a change in social mentality - so that
people realize that nothing is free , and the government has to
shrink." , The Fate Of The Rally Now
Rests In The Hands Of The US Consumer
A funny thing happened on the way to QEternity - multiples expanded by
an aggressive 2x to reach their highest in two years as the print-gasm hope was
'priced in' to the nominal value of the US equity indices (and fundamentals
didn't matter). During this period, which was all about anticipation of the
Fed, the real economy (that is earnings and revenues) have been disappointing.
From here, now that Ben has blown his eternal wad, it is up to EPS and
multiples - which leaves us with a little problem. As the chart below shows,
the next few quarters are the very picture of hopes, dreams, and unicorns as Q4 EPS is somehow magically expected to stop a straight
line decline in YoY profits - and soar by 10% . The driver of
this miracle is the good old US Consumer - as discretionary spending now accounts for 100% of the expected
EPS growth and 300% of the revenue growth for the
post-election, pre-year-end extravaganza that is the lame-duck
'fiscal-cliff'-denying lead up to the holidays. As we said
yesterday, either you believe in math or you believe in magic. , Bonds Up, Stocks Up (Just) Equity markets drifted from an unch open to
the overnight post-BoJ highs - albeit in an 8 point range and low volumes once
again, before giving it all back in the
last few minutes - as it dumped to VWAP (again!!). In other 'real'
markets, Treasuries rallied - led by the
long-bond playing catch up, the USD sold off on the day - aside from a post-BoJ
recovery higher which was dissolved into the US day session open,
Gold/Silver/Copper inched higher as the USD weakened but Oil continued its post-QE ritual sacrifice - now down
5.5% from pre-FOMC (back under $92) as the Saudi's promise more supply and the
IEA build was heavy. Credit markets underperformed - but we suspect this was
pre-roll moves and is not too signal-prone. Some standouts in the unreal world
of our efficient equity markets, JCP's remarkable rip-and-dip, AAPL's
rapid devolution from record highs to VWAP and an unch close at the last minute
on huge volume, and QCOR's multiple-halt day ending down 48% . VIX (fell
modestly) and the S&P 500 are back in sync and tracked each other all day. After the day-session close (small green), S&P
futures drifted further down and ended practically unchanged - on a heavy
volume push . , Norfolk Southern, Adobe Cut
Outlook , South African Violence Returns
As All Miners Demand Pay Hike
, Sentiment Nearing Record
Bullishness While we are
bombarded with talking heads telling us that there is money-on-the-sidelines
and everyone is so bearish with the market climbing a wall of worry, the
reality - as we see across multiple asset classes - is that investors are
overweight risk assets (e.g. credit investors overweight IG and HY and mutual
fund cash at record lows), near-extreme
levels of bullishness (AAII and Put-Call Ratios), near extreme levels of
non-bearishness (AAII), and yet credit investors believe markets are overvalued
(though still buying) even as IG and HY bonds are seeing near-record highs in
advance-decline. , Gundlach Is Not A Fan Of
Socialism, Thinks Apple Is "Over-Bought" "the obsession with Apple is a truly remarkable social phenomenon - the
stock is over-believed and over-bought . There is NO exit for the Fed,
QE3 will be ineffective, and it is more likely that the Fed buys all the Treasury bonds that exist ." , Guest Post: The Inevitable
Decline Of Retail , Prepare For A 15% Food Price
Surge, Rabobank Warns
The record US, and global, drought has come and gone but its
aftereffects are only now going to be felt, at least according to a new
Rabobank report, which asserts that food prices are about to soar by 15% or
more following mass slaughter of farm animals which will cripple supply once
the current inventory of meat is exhausted. From Sky News : "The
worst drought in the US for almost a century, combined with droughts in South
America and Russia, have hit the production of crops used in animal feed - such
as corn and soybeans - especially hard, the report said. As a result farmers have begun slaughtering more pigs and
cattle, temporarily increasing the meat supply - but causing a steep rise in
the price of meat in the long-term as production slows . "Farmers
producing meat are simply not making enough money at the moment because of the
high cost of feed," Nick Higgins, commodity analyst at Rabobank, told Sky
News. "As a result they will reduce their stock - both by slaughtering
more animals and by not replacing them." Somewhat ironically. food prices
are now being kept at depressed prices as the "slaughtered" stock
clears the market. However once that is gone look for various food-related
prices to soar: a process which will likely take place in early 2013, just in
time to add to the shock from the Fiscal Cliff, which even assuming a
compromise, will detract from the spending capacity of US (and by implication
global) consumers. , Guest Post: The Trouble With
Printing Money , ECB Debasement Is Akin To Work
Of Devil – Risk Of “Rapid Currency Depreciation” , August Housing Starts Less
Than Expected, Rise From Downward Revised Print , JPY10 Trillion Intervention
Half-Life: 5 Hours; Full Fade: 9 Hours
, Chinese Protesters Chant
"Down With US Imperialists", Attack Car Of US Ambassador In Beijing
Submitted by Tyler Durden
Deposit Flight
From Europe Banks Eroding Common Currency ( Bloomberg )
BOJ eases
monetary policy as global slowdown bites ( Reuters )
Stalled Rally
Puts Pressure on Spain ( WSJ )
Missed Chances
Stoke Skepticism Over EU’s Crisis Fight ( Bloomberg )
Germany's big
worry: China, not Greece ( Reuters )
Goldman names
new CFO, heralding end of an era ( Reuters )
Russia Demands
U.S. Agency Halt Work ( WSJ )
Fed’s Dudley
Says Easing Vital to Spur Too-Slow Growth ( Bloomberg )
Romney under
fire from all sides ( FT )
Poland cuts red
tape to spur growth ( FT )
IMF to Put
Argentina on Path to Censure Over Inflation Data ( Bloomberg )
The Trouble with Printing
Money
peakprosperity.com | QE3 reflects
a colossal failure to address our predicament.
The Federal Reserve Is
Systematically Destroying Social Security And The Retirement Plans Of Millions
Of Americans
Michael Snyder | The Federal
Reserve is absolutely crushing savers and is systematically destroying Social
Security.
“Dollar Index Headed for Rapid
Collapse” Over Next 3 to 4 Weeks
Mac Slavo | If you think
the Federal Reserve’s quantitative easing will only affect the US dollar, think
again.
Fake Gold Bars Are Being Sold
In New York
Business Insider | The Secret
Service is reportedly investigating the matter.
Beijing hints at bond attack on
Japan
London Telegraph | A senior
advisor to the Chinese government has called for an attack on the Japanese bond
to bring the country to its knees.
9-18-12
Draghi and Bernanke’s Worst
Nightmares Are About to Unfold
‘…they’ve both failed …’ http://albertpeia.com/draghibernankeworstnightmare.htm ,
MARKET WATCH HEADLINES http://albertpeia.com/marketwatchheadlines.htm , The Federal Reserve Is
Systematically Destroying Social Security And The Retirement Plans Of Millions
Of Americans http://albertpeia.com/feddestroyingsocialsecurity.htm , Tungsten-Filled 10 Oz Gold Bar
Found In The Middle Of Manhattan's Jewelry District ZeroHedge.com It is one thing for tungsten-filled gold bars to appear in the UK , or in Germany : after all out
of sight, and across the Atlantic, certainly must mean out of mind, and out of
the safe. However, when a 10 ounce 999.9 gold bar bearing the stamp of the
reputable Swiss Produits Artistiques Métaux Précieux ( PAMP , with owner MTP) and a serial number (serial #038892 , likely rehypothecated in at
least 10 gold ETFs across the world but that's a different story), mysteriously
emerges in the heart of the world's jewerly district located on 47th street in
Manhattan, things get real quick. Moments ago, Myfoxny reported that a 10-ounce
gold bar costing nearly $18,000 turned out to be a counterfeit. The discovery
was made by the dealer Ibrahim Fadl, who bought the PAMP bar in question from a
merchant who has sold him real gold before. "But he heard counterfeit gold
bars were going around, so he drilled into several of his gold bars worth $100,000
and saw gray tungsten -- not gold. The bar was filled with tungsten, which
weighs nearly the same as gold but costs just over a dollar an
ounce." , Bundesbank's Weidmann Likens
Draghi's OMT To "Devil's Work" , Bernanke, The Blind Archer , Guest Post: Corporate Profits
Squeeze For Large Caps
, Your Taxes At Work: All You
Need To Know About Who Pays What Taxes In The US since the charts speak for themselves. From
Buffett to a Burger-flipper, everyone has a view - driven in large part by
their anchoring bias of who they choose to listen to. The graphics below will
help, we hope, to clarify that thinking - whether you are the 1%, 47%, or
99%... , Bond Wars: Chinese Advisor
Calls For Japanese Bond Dump
, Taylor Rule Says The Fed
Should Be Tightening Now
, The One Chart That George
Washington Would Not Want To See
… the median net worth of
the middle class has plunged 28% since 2000 back to early 90s levels (while the
ruling class is up around 1%) and the lower tier down around 45%. Forget the
lost decade, watch these 90 seconds to get a clue and see that Japan is not the
only nation suffering under 20 years of subjugation. , US Totalitarian State Wins
After All: Obama Reinstates NDAA Military Detention Provision ‘…as Russia Today reports , a lone appeals judge bowed down to the Obama
administration late Monday and reauthorized the White House's ability to
indefinitely detain American citizens without charge or due process . On Monday,
the US Justice Department asked for an emergency stay on the previous Chris
Hedges'-driven order, and hours later US Court of Appeals for the Second
Circuit Judge Raymond Lohier agreed to intervene and place a hold on the injunction.
The stay will remain in effect until at least September 28, when a three-judge
appeals court panel is expected to begin addressing the issue. It would appear
the total fascist takeover of Amerika is drawing nearer by the day. , Head Of MF Global Equity
Derivatives Trading Launches Hedge Fund Several weeks ago we learned that 2011's
vaporizer extraordinaire Jon Corzine is contemplating starting his own hedge fund : presumably
one that invests all its capital in Italian 2 year bonds, charges 2 and 20, and
then disappears when all LP capital blows up in an AUM supernova. Today, we
learn that the stigma freeze associated with all other former MF Global trading
whizkids has officially melted, as the former head of equity derivatives of MF
Global has just launched a new hedge fund. From Bloomberg: "Daniel
Bystrom, former head of equity derivatives trading at MF Global Inc., and Neil
Boyarsky plan to start Hawksfield Capital LLC, a New York-based equity
volatility hedge fund, by the end of this month. Hawksfield Capital will start
with $10 million to $20 million of Bystrom and Boyarsky’s own money, as well as
capital from friends and family, Bystrom said in a telephone interview. “The
fund will deliver returns that are uncorrelated and often negatively correlated
to the returns of the typical hedge- fund strategy,” Bystrom said. “The opportunity set expands dramatically in times of
higher volatility, when most other asset classes are not performing well.” Such as the
stock of MF Global perhaps? , Some Shocking Perspectives On
Inflation And Currency Destruction By None Other Than The Federal Reserve Going back to the FOMC's own archives reveals
some truly stunning disclosures arising from none other than the Federal
Reserve on the topics of inflation, currency "debauching", money
creation, and what it would take for the Communists and Stalin to win. "I agree with you entirely that the Soviet dictators would
like to bring about our economic collapse and, as you know, inflation is
perhaps the greatest force for arraying the various sectors of a capitalistic
economy against each other . John Maynard Keynes stated in his
'Economic Consequences of the Peace' (1919): ' Lenin is said to have declared that the best way to
destroy the Capitalist System was to debauch the currency...Lenin was certainly
right . There is no subtler, no surer means of overturning the existing basis of
Society than to debauch the currency . The process engages all the
hidden forces of economic law on the side of destruction, and does it in a
manner which not one man in a million is able to diagnose.'" , The Fed's Financial Repression
'Game'
Fed’s ‘QE-Infinity’ Will Push
Gold Up to $2,400: Pro
CNBC | Guy Adami:
“Since the Roman Empire, all fiat currencies have ended poorly.”
Max Keiser: Ultimate QE3
Meltdown
Infowars.com | Max Keiser
reveals the true financial agenda behind QE3.
How QE3 Will Make The Wealthy
Even Wealthier While Causing Living Standards To Fall For The Rest Of Us
Michael Snyder | The
mainstream media is hailing QE3 as a great victory for the U.S. economy.
Russia Forgives $11 Billion In
North Korean Debt
Business Insider | The deal
could also help pave the way for a new gas pipeline.
As The China-Japan Conflict
Escalates, Whom Will The US Support?
Zero Hedge | In the end
only one thing will matter. Money, or more specifically, debt and credit
formation.
Here Are The 47% Of The
Population Who Don’t Pay Federal Income Tax
Business Insider | The 47
percent number presumably refers to the percent of the population who don’t pay
Federal Income Taxes.
Obamacare to cause massive job
losses across food service industry
J. D. Heyes | Obamacare is
set to claim another casualty – the food service industry.
9-17-12
How QE3 Will Make The Wealthy
Even Wealthier While Causing Living Standards To Fall For The Rest Of Us http://albertpeia.com/qe3wealthywealthiertherestpoorer.htm , Where We Are and Where We’re
Going (Week of September 17, 2012) http://gainspainscapital.com http://albertpeia.com/hereandthere.htm , ‘My sense is [QE3] is going to
have a greater effect on inflation
and a minimal impact on jobs. —Jeffrey Lacker President , Richmond Federal Reserve
Bank , Dave’s Daily: http://etfdigest.com
‘MARKETS TAKE A BREAK 9-17-12 China stocks
were hit hard yesterday with Shanghai indexes weaker by 2-2.5% and down to
levels not seen since 2009. Much of this has to do with leadership uncertainty
as a changeover is at hand. The current government seems caught between
stimulus given weakening economic data and inflation concerns occasioned by
food, energy and housing prices. This data in turn caused eurozone stocks
to fall which then hurt U.S. markets. In the U.S. the poor Empire State Mfg Survey
results (-10.41 vs -2.00 expected & prior -5.85) continues to indicate
economic contraction. For bulls this may be QE friendly (“bad news is good”
theme) but given the rally already experienced caused some profit-taking .We should remember previous QE programs haven’t succeeded in solving the
economy’s primary problems—unemployment and protecting the purchasing power of
the dollar (energy & food). I would say the bloom isn’t off the QE rose
just yet but markets were much overbought and needing a break with some
reflection.Not tolerating any break is the real U.S. stock market doing
business as Apple (AAPL ) which continues to ignore its lesser members and rally. It’s said nearly
2M new iPhone 5s were ordered already. Imagine all the new phone plans buyers
have to negotiate. Many Americans previously tied down by car debt (and still
are) now have cell phone provider debts to deal with as well.Everything that
was up last week begins this week lower and vice versa. There may have been
some kind of trading event at the CME regarding crude oil which dove sharply in minutes. The pulled other commodity prices sharply
lower as well. Analysts were
hard-pressed to explain it .Volume Monday
returned to its former light volume ways perhaps highlighting a new normal.
Breadth per the WSJ was negative relieving some short-term overbought
conditions.’ , University of Colorado
prediction model points to big Romney win Read more: http://dailycaller.com/2012/08/23/university-of-colorado-prediction-model-points-to-big-romney-win/#ixzz26ZnrMS7E , How China's Rehypothecated
"Ghost" Steel Just Vaporized, And What This Means For The World
Economy
Zerohedge.com One of the key
stories of 2011 was the revelation, courtesy of MF Global, that no asset in the
financial system is "as is ", and instead is merely a copy of a copy of a copy -
rehypothecated up to an infinite number of times (if domiciled in the UK) for
one simple reason: there are not enough money-good, credible assets in
existence, even if there are more than enough 'secured' liabilities that claim said
assets as collateral. And while the status quo is marching on, the Ponzi is
rising, and new liabilities are created, all is well; however, the second the
system experiences a violent deleveraging and the liabilities have to be
matched to their respective assets as they are unwound, all hell breaks loose
once the reality sets in that each asset has been diluted exponentially.
Naturally, among such assets are not only paper representations of securities,
mostly stock and bond certificates held by the DTC's Cede & Co. , but physical
assets, such as bars of gold held by paper ETFs such as GLD and SLV. In fact,
the speculation that the physical precious metals in circulation have been
massively diluted has been a major topic of debate among the precious metal
communities, and is the reason for the success of such physical-based gold and
silver investment vehicles as those of Eric Sprott. Of course, the "other
side" has been quite adamant that this is in no way realistic and every
ounce of precious metals is accounted for. While that remains to be disproven
in the next, and final, central-planner driven market crash, we now know that
it is not only precious metals that are on the vaporization chopping block:
when it comes to China, such simple assets as simple steel held in inventories,
apparently do not exist . , It's Just Getting Stupid! As Cantor's Peter Cecchini notes today "when things are this senseless, a reversion to
sensibility will occur again at some point." His view is to
be long vol and as the disconnect between the economic cycle and stocks
continues to grow, we present three mind-numbing charts of the exuberant
hopefulness that is now priced in (oh yeah, aside from AAPL actually
selling some iPhones in pre-order) . Whether it is earnings hockey-sticks,
global growth ramps, or fiscal cliff resolutions, it seems the market can only
see the silver-lining. We temper that extreme bullish view with the fact that all the
monetary policy good news has to be out now - for Ben hath made it so with
QEternity. , Goldman On The Fiscal Cliff:
Worse Before It Gets Better
As we have explained recently, the US fiscal cliff is a far more
important issue 'fundamentally' than the Fed's economic impotence. While most
market participants believe some kind of compromise will be reached - in the
lame-duck session but not before the election - the possibility of a 3.5% drag
on GDP growth is dramatic to say the least in our new normal stagnation. As
Goldman notes, the window to address the fiscal cliff ahead of the election has
all but closed, the 40% chance of a short-term extension of most current
policies is only marginally better than the probability they assign to 'falling off the cliff' at 35% . The base case
assumptions and good, bad, and ugly charts of what is possible are concerning
especially when a recent survey
of asset managers assigned only a 17% chance of congress failing to compromise
before year-end . Critically, and not helped by Bernanke's helping hand
(in direct opposition to his hopes), resolution of the fiscal cliff will look
harder, not easier, to address as we approach the end of the year - and its likely
only the market can dictate that direction - as the "consequence is terrible, but bad enough to force a
deal." , Markets Gone Wild UPDATE: Denial: *WHITE HOUSE'S CARNEY SAYS `NO CHANGE'
ON OIL RESERVES , Guest Post: The Fed Has
Failed, Failed, Failed
, Full Summary Of The Latest In
Anti-American Sentiment
, Japanese Businesses Shuttering
Chinese Facilities As Mainland Anger Spreads , Empire Manufacturing Index
Prints At Lowest Since April 2009
Today's horrible piece of news, which at least on the surface was
supposed to send the market soaring, comes courtesy of the Empire Fed
Manufacturing Index, which printed at -10.41, the lowest print since April
2009, down from -5.85, and well below expectations of -2.0. The Index print
confirmed the biggest 6 month drop since records began. The components painted
a dire picture for jobs, with the employment index sliding from 16.47 to 4.26,
New Orders tumbling from -5.50 to -14.03, while, wait for it, prices rose, from
16.47 to 19.15. Re-stagflation here we come. Market for now seems confused -
since QE is priced into infinity, it is unclear if this latest datapoint
confirming a recessionary economy, QE can't be more-er infiniter. Best to not
respond to this, or any other macro news at all, which is precisely what the
market has done. For those who missed it, not only has Bernanke doomed the
global economy to stagflation and imminent food riots, while making the richest
0.001% richer than ever, he has completely broken any linkage between the
economy and the market. , Faber: Own Gold – “Don’t Store
It In The U.S., The Fed Will Take It Away From You One Day”
NC man once on death row charged in wife's slaying The Associated Press - By MITCH WEISS, AP - CHARLOTTE, NC
(AP) - Joseph Green Brown refused to run from his troubled past. He'd tell
audiences he was only hours from being executed on Florida's death row. { The (corrupt nigger / pro-mob state of)
connecticut connection ‘…Richard Blumenthal,
now a U.S. senator from Connecticut, represented Brown on appeal as a volunteer
attorney for the NAACP Legal Defense Fund. He was in private practice at the
time.Blumenthal said in 1987 that the Brown case changed his view of the death
penalty "because it provided such a dramatic illustration of how the
system could be fallible and cause the death of an innocent
person."Blumenthal declined to comment Sunday on his involvement in the
case, and did not respond to requests for comment Monday…’…I should have
known! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm } Guest Post: Dagan vs Netanyahu A regional war in the Middle East could
result, potentially sucking in the United States and Eurasian powers like
China, Pakistan and Russia. China and Pakistan have both
hinted that they could defend Iran if Iran were attacked — and for good reason,
as Iran supplies significant quantities of energy. And with the American
government deep in debt to foreign powers like China who are broadly supportive
of Iran’s regime, America’s ability to get involved in a war on Israel’s behalf
is highly questionable. And even without a war, further hostility and tension
between America and her creditors would surely result in an even faster rush
toward more bilateral and multilateral
agreements to ditch the dollar for trade, something that
America will almost certainly seek to avoid. So even with a President in the
White House significantly more sympathetic to Netanyahu than Obama, America may
find herself constrained by the realities of global economics, and unable to
assist Israel. Most discouragingly, such a high risk operation seems to offer
very little reward — a successful Israeli strike on Iran is estimated to set
back Iran’s program by only one to three years. And such an operation
would likely require bombings over many days and in many locations. If
Netanyahu wishes to go ahead with such a scheme then that is his prerogative.
But if he will not listen to Dagan’s wise counsel, why should the West rush to
his aid if his scheme backfires?
9-14-12 The Fed’s QE 3 Program: Short
Term Thinking For Long-Term Pain
September 14, 2012 http://gainspainscapital.com http://albertpeia.com/shorttermthinkinglongtermpain.htm { The problem is, it’s not even sound
short-term thinking. Oh sure, the fraudulent churn and earn markets are loving
this, yet some see this ‘non-economic’, costly obfuscating scam for its real
effect and detriment; ie., Egan-Jones
downgrades U.S. rating on QE3 move
, etc.. } Yesterday the Fed announced QE 3: an open ended program through which the
Fed will purchase $40 billion worth of Mortgage Backed Securities every month
until it decides that the world is right again. The implications of this are severe.
However, the first question we have to ask is, “why now?”After all, stocks were
already at 4-year highs, food and energy prices were soaring, interest rates
were at record lows, etc. On top of this, the Fed failed to announce QE 3
for over a year (QE 2 ended June 2011). Why announce it now? There are only two reasons: 1) Things are in fact far worse
behind the scenes than we know (the Fed HAD to do something to get more money
into the system) 2)
Politics ..…’
Egan-Jones
downgrades U.S. rating on QE3 move
By Wallace Witkowski
SAN FRANCISCO (MarketWatch) -- Egan-Jones Ratings Co. said Friday it
downgraded its U.S. sovereign rating to AA- from AA on concerns that the Fed's
new round of quantitative easing, or QE3, will hurt the U.S. economy. The
ratings agency said the Fed's plan of buying $40 billion in mortgage-backed
securities a month and keeping interest rates near zero does little to raise
GDP, reduces the value of the dollar, and raises the price of commodities.
"From 2006 to present, the US's debt to GDP rose from 66% to 104% and will
probably rise to 110% a year from today under current circumstances; the annual
budget deficit is 8%," Egan-Jones said in a note. "In comparison,
Spain has a debt to GDP of 68.5% and an annual budget deficit of 8.5%."
Egan-Jones downgrades U.S. rating to AA- from AA
Inflation
worries push TIPS ETF to new high
BREAKING:
Mo.'s Truman Bank is year's 42nd U.S. bank failure
U.S.
stocks trim rise after U.S. downgrade
Oil
briefly tops $100 after Fed stimulus pledge
Dave’s
Daily: http://etfdigest.com [ Anti-American
fury sweeps across an inflamed Muslim world { Despite casting this as being over a film,
it’s not just the film; but as well, blowback for innumerable policy missteps
that ultimately included direct or indirect acts of violence/aggression. These
people are not blind, nor are they utter fools despite america et als’ foolish
assumptions and presumptions to the contrary. } ] ‘…Economic data
released Friday would normally be significant but not in this QE “more money
than brains” environment. The CPI came in as advertised (.6% vs .6% expected
& prior .1%; “core” .1% vs.2% expected & prior .1%) but remains the
manipulated joke passed off as legitimate data. Retail Sales were also about as
expected (.9% vs .8% expected & prior .9%) but then comes more comedy as
Retail Sales ex-gas & autos (.1% vs .4% expected & prior .8%) provides
a better picture. Industrial Production laid an egg (-1.2% vs 0% expected &
prior .5%) which is more difficult to manipulate. Consumer Sentiment jumped
(79.2 vs 73.5 expected & prior 74.3) but this too isn’t as reliable a view
as the Conference Board’s Consumer Confidence data which was crushed the
previously. Why the difference? The current data point is more heavily skewed
to stock prices. Lastly Business Inventories (.8% vs .5% expected & prior
.1%) you can draw two conclusions: companies are building inventory to meet
demand or they’re stuck trying to unload what has accumulated.The infrequently
modified DJIA dropped Kraft (KFT) and substituted United Health Care (UNH) as
the former is restructuring and spinning off subsidiaries. And, as if it
matters, lesser known but increasingly well regarded Egan Jones downgraded U.S.
debt once again from AA to AA- with the idea QE3 will do more
harm than good. (They’re so off the main narrative, eh?)So QE3 is in hand and
stocks followed through modestly higher led by financials (XLF), banks (KBE)
and materials (XLB). The dollar (UUP) continued its decline (inflationary)
while base (DBB) and precious metals (GLD & SLV) continued to rise. Bonds
(IEF) and (TLT) continued to decline. Volume continued to rise Friday but we
saw afternoon profit-taking as markets are short-term substantially overbought.
Breadth per the WSJ was positive once again…’
Stocks Are Not Cheap ZeroHedge.com 9-14-12
Valuations; stocks are cheap; money-on-the-sidelines;
everyone's bearish; trend is your friend. We've all heard them and we've all
played them but the following charts from Morgan Stanley will at least provide
some nuance of sense for those stunned into silence by a market seeing its
nominal price surging amid Bernanke blowing bubbles. The headline is - with real rates this low (and
staying low for a few more years yet) current P/E multiples are extremely high and even on a
long-run empirical basis, hope remains excessive at 22xShiller P/E versus an
average 16x. Remember, a long-term investment is a
short-term trade gone bad. But it seems for now that you buy because you'll
always be able to sell it back higher to the next smarter dumber greater
fool.
Submitted by Tyler Durden
Here are some common-sense rules for such a "new market":
Every offer and
bid will be left up for 15 minutes and cannot be withdrawn until 15 minutes has
passed.
Every
security--stock or option--must be held for a minimum of one hour.
Every trade
must be placed by a human being.
No equivalent
of the ES/E-Mini contract--the futures contract for the S&P 500--will be
allowed. The E-Mini contract is the favorite tool of the Federal Reserve's
proxies, the Plunge Protection Team and other offically sanctioned
manipulators, as a relatively modest sum of money can buy a boatload of
contracts that ramp up the market.
All bids,
offers and trades will be transparently displayed in a form and media freely
available to all traders with a standard PC and Internet connection.
Any violation
of #3 will cause the trader and the firm
he/she works for to be banned from trading on the exchange for life--one
strike, you're out.
Is such a retail-trader friendly exchange possible? There would
certainly be a nice profit in it, for everyone who is tired of providing
liquidity for HFT firms would flee the existing exchanges in a New York minute.
BofA Sees Fed Assets
Surpassing $5 Trillion By End Of 2014... Leading To $3350 Gold And $190 Crude , Rosenberg: "If The US Is
Truly Japan, The Fed Will End Up Owning The Entire Market" ‘…
The wealth effect may well stimulate economic activity at the bottom of
an inventory or a normal business cycle. But this factor is really irrelevant
at the trough of a balance sheet/delivering recession. The economy is
suffering from a shortage of aggregate demand. Full stop. It just perpetuates the inequality that is building up in the
country, and while this is not a headline maker, it is a real long term risk
for the health of the country, from a social stability perspective as well ,
On This Week In History, Gas
Prices Have Never Been Higher
, Egan Jones Downgrades US From
AA To AA- From Egan-Jones,
which downgraded the US for the first time ever last July, two weeks ahead of
S&P: "Up, up, and away - the FED's QE3 will stoke the stock market and
commodity prices, but in our opinion will hurt the US economy and, by
extension, credit quality. Issuing additional currency and depressing interest
rates via the purchasing of MBS does little to raise the real GDP of the US,
but does reduce the value of the dollar (because of the increase in money
supply), and in turn increase the cost of commodities (see the recent rise in
the prices of energy, gold, and other commodities). The increased cost of
commodities will pressure profitability of businesses, and increase the costs
of consumers thereby reducing consumer purchasing power. Hence, in our opinion QE3 will be detrimental to credit
quality for the US ." , Guest Post: QE3 And Bernanke's
Folly - Part I , Inflation Expectations Suggest
5% Inflation Is In The Cards
‘…there is a clear lag between the rise in market-implied inflation and
it showing up in the unicorn-laden CPI prints
[ Actually, it’s just plain understated, and, not the first time they’ve
lied … ( Financial Crisis Phase II Is
Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown , predicting the global crisis that occurred the following year. I now
see a similar confluence of events .. “the new recession has started.”… Over
the past 33 years, we have called the start of every recession..Currently, the
GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore,
what is counted as “growth,” is actually price increases. Actual inflation ..
is now more than 11%. Using that to adjust GDP for inflation, would show that
the economy is now in a very sharp contraction…) ] - what this means is
that given the hubris of the Fed yesterday, market expectations of inflation are inferring CPI could
rise to over 5% within the next 3 to 6 months . It will surely
be difficult for Ben to keep-on-buying ('Finding Nemo'-like) in the face of
that kind of 'transitory' rise in real data - though for now, real money
remains bid as risk comes off a little (even as the long-bond yield blows 26bps
higher this week) - oh and CPI and PPI jump their most in 3 years , Germany Opines: "Obama's
Middle East Policy Is in Ruins"
, Guest Post: This Is Blowback ZeroHedge.com The YouTube video depicting
Mohammed is nothing more than the straw that broke the camel’s back. This
kind of violent uprising against American power and interests in the region has
been a long time in the making. It is not just the continuation of drone
strikes which often kill civilians in Pakistan, Yemen, Somalia and Afghanistan,
either. Nor is it the American invasions and occupations of Iraq and
Afghanistan. Nor is it the United States and the West’s support for various
deeply unpopular regimes such as the monarchies in Bahrain and Saudi Arabia
(and formerly Iran). Nor is it that America has long favoured Israel over the
Arab states, condemning, invading and fomenting revolution in Muslim nations
for the pursuit of nuclear weapons while turning a blind eye to Israel’s
nuclear weapons and its continued expansion into the West Bank.
Anti-American
fury sweeps across an inflamed Muslim world { Despite casting this as being over a film, it’s not just the
film; but as well, blowback for innumerable policy missteps that ultimately
included direct or indirect acts of violence/aggression. These people are not
blind, nor are they utter fools despite america et als’ foolish assumptions and
presumptions to the contrary. [ Guest Post: This Is Blowback ZeroHedge.com The YouTube video
depicting Mohammed is nothing more than the straw that broke the camel’s
back. This kind of violent uprising against American power and interests
in the region has been a long time in the making. It is not just the
continuation of drone strikes which often kill civilians in Pakistan, Yemen,
Somalia and Afghanistan, either. Nor is it the American invasions and occupations
of Iraq and Afghanistan. Nor is it the United States and the West’s support for
various deeply unpopular regimes such as the monarchies in Bahrain and Saudi
Arabia (and formerly Iran). Nor is it that America has long favoured Israel
over the Arab states, condemning, invading and fomenting revolution in Muslim
nations for the pursuit of nuclear weapons while turning a blind eye to
Israel’s nuclear weapons and its continued expansion into the West Bank. ] }
Romney and the GOP still toe the Bush line Republican leaders are sick and
tired of Democrats blaming all the nation's problems on George W. Bush, and of
being tarnished by the former president's legacy. { The problem for the
democrats is that, unfortunately for the nation and world, wobama’s essentially
followed dumbya bush’s failed legacy with few exceptions (ie., wobama/holder’s
predisposed contraindicated favoritism/bias towards blacks including black
panthers, etc.). Indeed, many within ‘the fold’ include ‘bush men’ (ie.,
mueller, bernanke, etc.); and comparable failed policies as, ie., protracted
unnecessary war, profligate spending worse than bush, rule by proclamation/executive
orders, no prosecution of huge wall street frauds, etc., all contrary to
campaign promises/b***s*** that got him elected, a mistake that won’t be
repeated this time around. }
9-13-12
Graham Eats Humble Pie
September 13, 2012 http://gainspainscapital.com { This is an especially great opportunity to
sell this suckers’ market/take profits! Nothing’s been solved! Just because
‘no-recession-helicopter-ben’ says something, does not mean it’s true (remember
that ‘no recession call’ of his; and, of course, no QE before the election,
prospectively, already discounted many times over by the ‘markets, such as they
are, ie., algo buy programs, etc.. ).
All this and now ‘whatever’ is too little and too late for the uss
Titanic which has taken on too much, not water, but b***s***. This was a
desperate move, bespeaking desperation.The fact is things are ominously so bad,
and worse than ‘allowed’ to be seen for the moment, that something as this QE
which is economically and financially contraindicated and a proven failure for
all but the frauds on wall street along with their cohorts including desperate
politicos, is resorted to in desperation to divert attention from their
unequivocal failure. After all, though having cost so many americans their jobs
with wrong calls and policies, bernanke is trying to save his own by inflating
the markets (along with everything else, ultimately hyperinflationary) for fellow failure wobama’s sake (wobama
rehired failure bernanke, President Romney would have fired, and will fire him
… goldman sachs knew this dollar debasing failed policy QE 3 would come and at
the expense of the muppets…that’s their term for all you suckers). I further
believe this contraindicated largess to the frauds on wall street is to
preserve his post fedship tenure job possibilities by ingratiating himself even
further with those nefarious, self-serving interest groups. } {Alas, poor Graham…} ‘For months I’ve
predicted we wouldn’t see QE 3. It’s now clear I was wrong. The Fed just
announced QE 3. And while the implications of this will not be positive for the
cost of living in the US, or ultimately the markets (inflation will eat away
profit margins), the fact of the matter is that on this forecast I was totally
and completely wrong. With that in mind, I’m openly admitting that this call
was 100% incorrect. Ditto for my predictions of the ECB’s moves. The
ECB’s actions are of questionable value. However, the fact remains that the ECB
is monetizing bonds or will at least try to (unless Germany stops them). So I
was 100% wrong there too…’ , The Fed Panicked Posted by: Econophile Post date: 09/13/2012 - The Fed panicked. It is extraordinary that the Fed would
announce an open-ended "we'll print as much as it takes, as long as it
takes" policy. Chairman Bernanke is sending a signal to the markets and... ‘ , Dave’s Daily: http://www.etfdigest.com ‘FED IN FOR A PENNY IN FOR A POUND 9-13-12
Basically the Fed has gone too far done the money printing mode to stop
now. They believe what their policies will stimulate employment but all
operations in this regard have failed. The Bernank will spin this as an
apolitical move coming two months before an election that could cost him his
job…just sayin’. The highlights include: Fed to keep policies stimulative for a
considerable time. The Fed will buy $40 billion Mortgage Backed Securities
continuing Operation Twist and extends (aspirationally) ZIRP into 2015. The key language
is the following sentence from the official announcement: “If the outlook for the labor market does not improve
substantially, the Committee will continue its purchases of agency
mortgage-backed securities, undertake additional asset purchases, and employ
its other policy tools as appropriate until such improvement is achieved in a
context of price stability .”This policy is intended to boost asset
prices and prevent a Japanese style deflationary cycle. No matter what they
say, TPTB will always choose inflation vs deflation every time. Thus far
they’ve succeeded in supporting their primary clients, the mega-banks. Beyond
that these operations might see liquidity trickle down to the 99%. For the rest
of us now, it might be better to just toss money out the window like the bank
robbers yesterday. At least this would go directly to the people, again…just
sayin’. Price stability which they believe exists, exits only in the
conjured-up data from the flawed structure of the CPI and other measures. My
understanding is there isn’t enough MBS debt around for them to buy at $40
billion a month. Maybe they’ll start going to garage sales to buy stuff thus
pumping up prices. The bottom line for us is we’re long markets from stem to
stern so why should we complain? Being disciplined and systematic is more
important than raging at the machine. One thing QE has done is to make a hash
of normal technical analysis since “the more money than brains” theme trumps
everything. Let’s just say everything was higher today with the exception of
the dollar and conventional bonds. Volume on this bullish QE day was much
higher than recently putting previous light volume melt-ups in the rear view
mirror. Breadth per the WSJ was quite positive but shy of a 90/10 overall…’, QE3: Helicopter Ben Bernanke
Makes It Rain Money http://albertpeia.com/debaseddollarfailedstrategy.htm ‘…The course that the Federal Reserve has
set us on is utter insanity. Ben Bernanke can rain money down on us all
he wants, but it is not going to do much at all to help the real economy.
However, it will definitely hasten the destruction of the U.S. dollar…’ , The Punchline In His Own Words:
Bernanke Advocates Blowing Asset Bubbles As The Antidote To Depression ZeroHedge.com If there was one absolutely must see moment exposing everything that is broken
with the Fed's brand new policy of QE-nfinity, it was this exchange between
Reuters' Pedro da Costa and the Chairman. It explains,
beyond a reasonable doubt, that the
only goal the Fed now has is to reflate the stock market bubble to
previously unseen levels, to focus on generating jobs although not for everyone
but only for Wall Street, consequences be damned, because by the time the
consequences arrive, and they will (just recall that subprime is contained)
they will be some other Fed chairman's problem. Bernake's term mercifully runs
out in January 2014 , Up
In case you missed it. Markets soared on the back of possibly the
darkest day in central-planning banking largesse. Gold and Silver were the biggest winners , though stocks
will get all the attention we are sure. Treasuries initially sold off on the
news that this was an MBS program (and mortgage spreads collapsed from already record tights ) but by the
close, Treasury yields had almost round-tripped to pre-FOMC levels. For the
first hour or so after the news, all assets moved in sync and correlations
soared across risk-assets, but as the afternoon wore on, FX carry consolidated,
Treasuries retreated (and 2s10s30s fell), dragging risk lower leaving stocks up near their highs in a world
of unicorns and free-money . Notably, it appeared that stocks
caught up to high-yield credits' recent exuberance and then found little
ability to push ahead. HYG (the high-yield bond ETF) remains notably rich to
real bond prices. VIX tumbled under 14%
(down almost 2 vols) but notably the term structure of vol collapsed even more - as it seemed
the QuEnfinity prompted longer-term hedges to be lifted. A remarkable
day in many ways as the S&P crosses over 14x P/E and AAPL over 20% of the
Nasdaq-100. , Guest Post: Psychoanalyzing
The Fed There is one last irony in Bernanke's constant promotion
of his powers to unleash QE . Having talked up the market for years
with his promises/threats of QE, the market has priced in ever higher doses of
QE, in effect bidding expectations of QE's effectiveness to the sky. Bernanke
has lost the power to surprise the market. Having raised expectations to the
sky, he must deliver something beyond the stratosphere to surprise the market.
But he doesn't have anything capable of matching the absurd expectations he's
inflated, never mind exceed them. The
only surprise left is a negative one . Chairman Bernanke and his fellow
doves will soon realize the consequences of over-promising and
under-delivering. It works better the other way around, but now it's too
late. , Fed Releases Latest Economic
Forecast Which Will Be Proven 100% Wrong With a few minutes to go until Ben speaks,
the entirely useless projections are out (as noted before by Reuters that the
Fed has been constantly wrong in its forecasts). The stunning punchline is that
according to the Fed things are not as bad as one would have expected given the
dramatic open-ended shart-fest that Bernanke is portraying. In fact, things are
improving per the FOMC! Though we assume that these projections are
self-defeating since they likely include this new policy. Be interested to see
the pre-policy projections.
*FED OFFICIALS SAY GROWTH WILL IMPROVE FASTER THAN JUNE
OUTLOOK
*FED: 2012 GROWTH OF 1.7%-2.0% VS 1.9%-2.4% IN JUNE
*FED: JOBLESS END OF 2012 AT 8.0%-8.2% UNCHANGED FROM
JUNE
*FED: JOBLESS END OF 2013 AT 7.6%-7.9% VS 7.5%-8.0% IN
JUNE
One wonders, whether in addition to
having excel models which appoarently do not recognize circular assumptions, if
the Fed's forecasts also assume $10 gas, $100 loaves of bread, and $10,000
gold?
I THINK IT IS TIME TO RECOGNIZE THAT BERNANKE
IS TOTALLY BURNED OUT IF NOT ABSOLUTELY INSANE (YOU RECALL THOSE PROPAGANDA
ROUNDS AT THE SCHOOLS, ETC.; THOSE CAPTIVE AUDIENCES WHO COULDN’T CARE LESS).
HE IS TOTALLY INCOMPETENT! THE FACT IS, BEYOND THE BLATANT FAILURE OF HIS CONSISTENTLY
FAILED POLICIES, HE STILL TALKS OF ‘GROWTH’ AS BEING SOMETHING OTHER THAN THE
INFLATIONARY IMPACT OF INFLATIONARY QE AND UNDERSTATED INFLATION AND HIGHER
PRICES THEREBY. IT’S REALLY QUITE INCREDIBLE THAT ANYONE BELIEVES ANY OF THEIR
B***S***!
9-12-12
Where Would the S&P 500 Be
Without Fed Intervention? September 12,
2012 http://gainspainscapital.com http://albertpeia.com/snpfed.htm ‘We’ve entered
a truly dangerous environment in the financial markets. Economic fundamentals
are deteriorating rapidly. Consider the US…By all counts, the latest ISM (a
measure of manufacturing in the US) was a complete and total disaster. In
August the ISM hit 49. Anything below 50 is considered a recessionary
rating.However, things are even worse below the surface. The ISM is made up of
several components. Its Production component is back to May 2009 levels . The New Orders component is back
to April 2009 levels . And worse of
all, Prices Paid is up to 54, up from a reading of just 39 in July. In
very simple terms this tells us that inflation appears to be hitting “lift off”
in the US at the very same time that we are entering another recession that could potentially be on par with that of 2008 . And with corn
and soybean prices at or near record highs, we could be on the verge of a
stagflationary disaster combined with a food crisis at the very same time. We
get additional confirmation of a major economic contraction from corporate
earnings. Recently we’ve seen earnings forecast cuts from Fed Ex, Bed Bath and
Beyond, Proctor and Gamble, Adobe, Starbucks, McDonald’s and more.
Indeed, when you remove financials, S&P 500 earnings FELL year over year
for 2Q12. This is hardly indicative of a strong economy. The fact a record
number of Americans are on food stamps doesn’t bode well either. And the
Rasmussen Employment Index indicates worker confidence is at levels not seen
since the FALL OF 2008! Against this backdrop, stocks have rallied higher and
higher on hopes of more liquidity from global Central Banks. As a result, the
market has completely disconnected from underlying economic realities. Based on
the business cycle alone, the S&P 500 should be closer to 1,000. And even
the NY Fed has revealed that without the impact of Fed meetings, the S&P
500 would be at 600! This is a truly staggering admission from a Fed official.
This is the Fed admitting to us, point blank, that without investors trading
based on hopes of Fed intervention, the markets would essentially be even lower
than they were in March 2009…’ , Things Are Getting Worse:
Median Household Income Has Fallen 4 Years In A Row http://albertpeia.com/thingsworseincomefalls4inarow.htm , Thanks Obama - The Terrorists
You Used To Topple Regimes In Egypt And Libya Are Now Attacking Our Embassies http://albertpeia.com/thankswoforblowback.htm , US Totalitarianism Loses Major
Battle As Judge Permanently Blocks NDAA's Military Detention Provision Zerohedge.com Back in January, Pulitzer winning journalist Chris Hedges sued
President Obama and the recently passed National Defense Authorization Act,
specifically challenging the legality of the Authorization for Use of Military
Force or, the provision that authorizes military detention for people deemed to
have "substantially supported" al Qaeda, the Taliban or
"associated forces." Hedges called the president's action allowing
indefinite detention, which was signed into law with little opposition from either party " unforgivable,
unconstitutional and exceedingly dangerous ." He attacked point blank
the civil rights farce that is the neverending "war on terror"
conducted by both parties,
targetting whom exactly is unclear, but certainly attaining ever more intense
retaliation from foreigners such as the furious attacks against the US
consulates in Egypt and Libya. He asked "why do U.S. citizens now
need to be specifically singled out for military detention and denial of due
process when under the 2001 Authorization for Use of Military Force the
president can apparently find the legal cover to serve as judge, jury and
executioner to assassinate U.S. citizens." A few months later, in May,
U.S. District Judge Katherine Forrest ruled in favor of a temporary injunction
blocking the enforcement of the authorization for military detention. Today,
the war againt the true totalitarian
terror won a decisive battle, when in a 112-opinion, Judge Forrest turned
the temporary injunction, following an appeal by the totalitarian government
from August 6, into a permanent one. , Here's Hilsenrath With What To
Expect Tomorrow By now everyone
knows that the WSJ's Jon Hilsenrath is spoon-Fed information directly by the
Fed. Even the Fed. Which is why everyone expected the Fed to ease last time around
per yet another Hilsenrath leak, only to be largely disappointed, invoking the
term Hilsen-wrath. Sure enough, it took the market only a few hours to convince
itself that "no easing now only means more easing tomorrow", and sure
enough everyone looked to the August, then September FOMC meetings as the
inevitable moment when something will finally come out. So far nothing has, as
the Fed, like the ECB, have merely jawboned, since both know the second the
"news" is out there, it will be sold in stocks, if not so much in
gold as Citi explained earlier . Regardless,
the conventional wisdom expectation now is that tomorrow the Fed will do a
piecemeal, open-ended QE program, with set economic thresholds that if unmet
will force Bernanke to keep hitting CTRL-P until such time as Goldman is finally satisfied with
their bonuses or unemployment drops for real, not BS participation rate
reasons, whichever comes first. As expected, this is what Hilsenrath
advises to expect tomorrow, less than two months from the election, in a move
that will be roundly interpreted as highly political, and one which as Paul
Ryan noted earlier, will seek to redirect from Obama's economic failures, and
also potentially to save Bernanke's seat as Romney has hinted on several
occasions he would fire Bernanke if elected. Here is what else the Hilsenrumor says. , Bill Gross Sells $30 Billion
In Treasurys In August As Total Return Fund Cuts Government Exposure By Over A
Third , Grand Theft Auto: FOMC City -
Bank Robbers Throw Cash Out Of Volvo In South Los Angeles , Citi: If NEW QE, Then Buy Gold , Inside The Student Loan Debt
Bubble , Guest Post: Cui Bono Fed: Who
Benefits from the Federal Reserve?
Cui bono--to whose benefit?--is a skeptic's scalpel that cuts through
the fat of propaganda and political expediency to the hard truth. Since the
world has been trained (in Pavlovian fashion) to hang on every word issued by
America's privately owned central bank, the Federal Reserve, it's appropriate
to ask a simple but profound question: Who benefits from the Fed's
existence and its policies of loaning "free money" to banks at 0% and
ZIRP (zero interest rate policy)? The Status Quo's answer is "the
American people," of course, a deliciously juicy layer of "Big
Lie" propaganda and obfuscation. Any healthy political and financial system would have broken the
fraud-based system and dismantled the failed banks en masse in an orderly
fashion . One institution stopped this from happening: the
Federal Reserve. The Fed exists to serve the banks. Everything else is
propaganda. Ever-expanding debt leaves America a nation of wealthy banks and
increasingly impoverished debt-serfs. Cui bono, baby.
Barrick CEO: Gold Will Top
$2,000 in Next Year
CNBC | Gold last
rallied near $2,000 at a high of $1,900.30 last year in September.
China And Russia Are Ruthlessly
Cutting The Legs Out From Under The U.S. Dollar
The
Economic Collapse | The mainstream media in the United States is almost totally
ignoring one of the most important trends in global economics.
What Is Your Financial
Breaking Point?
Tom Chatham | At what
point will you cease to have a roof over your head?
Germany’s decision either
means a rapid Eurozone financial collapse, or inevitable hyperinflation
Mike
Adams | The financial collapse of the Eurozone may be upon us.
America’s Under Water: Debt
Equals 103 Percent of GDP
CNS
News | The debt of the United States government eclipsed the value of the Gross
Domestic Product of the United States on April 2 of this year.
UK banks could be shut down or
forced into bail-outs by Brussels
London
Telegraph | Banks in London could be shut down or forced into taxpayer-funded
bail-outs against the wishes of the British authorities.
9-11-12 Dave’s Daily: http://www.etfdigest.com ‘MARKETS IN WAITING GAME 9-11-12
It was a mix of news Tuesday. The featured story was Moody’s stating
they’ll be cutting the U.S. rating one notch if politicians can’t agree on debt
reduction plans. Germany’s Schauble piled on
stating U.S. debt to GDP ratio was much too high. This sent the dollar (UUP)
lower and gold (GLD) higher once again. Gold is also being buffeted as South
African miners continue violence marred strike and have ignored orders to
return to work. The trouble here has thus far been ignored by the MSM
domestically. Extraction costs for miners are rising due to increased depths
they must go yet strikers want more pay. As this continues available gold
supply is reduced. Elsewhere the U.S. trade deficit remains high on poor
exports but MacDonald (MCD) reported better sales that still missed
expectations. A riot developed at the U.S. embassy in Egypt as Islamic
protestors scaled the embassy’s wall, tore down the U.S. flag and flew an
Islamic flag in its place. They were supposedly protesting a film that was
negative in some way toward Islam. The odd thing was no one could identify the
film in question. Perhaps it was just a 9/11 stunt. All eyes will be glued to
the German court Thursday which will decide the constitutionality of bond
buying and the ESM (European Stability Mechanism). Most pundits think it will
be approved but one never knows. What takes place in California with Apple
(AAPL) Wednesday may be just as important as they unveil another “I got to have
it” gizmos. Some have even gone so far as to speculate that the new products
will boost U.S. GDP all by themselves. Seriously ! This idea
must not take into account that these gizmos are manufactured overseas.Then of
course there is Ben & Co which is part of the early September waiting game.
This means most investors are on the sidelines playing the waiting game until
Thursday afternoon. For us it makes posting short and uninformative so why
stretch it out.Stocks recovered Tuesday, well, because they did. It isn’t
unusual for a weak dollar to boost stocks particularly as overseas investors
see the U.S. on sale.Volume dried-up once again and is hardly worth mentioning
except for setting contemporary light volume records. Breadth per the WSJ was
positive…’
September 11, 2012
http://albertpeia.com/whatsthefedtodo.htm
‘Yesterday we worked through the illusion to
the reality of the ECB’s “unlimited” bond purchases, the end result being that
we discovered the ECB:
1) Didn’t announce anything new
2) Is implementing the same
policies it’s tried twice before with no success (see Greece)
3) Is implementing policies that
neither Spain nor Italy will go for…
And finally…
4) Has solved nothing due to the
fact that of the two mega-bailout funds, one has only €65 billion in firepower
left and the other has yet to be ratified by Germany
Today we turn our attention to the US’s
Federal Reserve where the whole world expects the Fed to announce QE 3 at its
FOMC meeting this Wednesday and Thursday.
There is a small problem of math with this.
The Fed currently owns all but just $650 billion of the outstanding 10-30 year
Treasuries. At this point, even a $200-300 billion QE program would create
serious liquidity problems for the financial system. So scratch that idea off
the list.
Of course, the Fed could potentially
implement another agency/MBS QE program. But that would be a very political move with the
Presidential election so close. This, combined with current food and energy
prices, makes it unlikely the Fed would want to do this: too many consequences
with too little to gain (stocks are at four year highs).
Indeed, if anything, the Fed is likely to
pull a “ECB” move, namely promising something vague that it actually cannot
deliver on. Why would the Fed do this? Because, like the ECB, the Fed is
running out of bullets. Indeed, St Louis Fed President James Bullard all
but admitted this to the Financial Times:
“I
am a little – maybe more than a little bit – worried about the future of
central banking ,” said James Bullard, president of the Federal Reserve
Bank of St Louis, in a Financial Times interview at Jackson Hole. “We’ve
constantly felt that there would be light at the end of the tunnel and there’d
be an opportunity to normalise but
it’s not really happening so far…” On that note, if you are not preparing
for a bloodbath in the markets, now is the time to do so. The reality is that
the Central Banks are fast losing their grip on the markets. They’ll never
admit this publicly, but I can assure you that Bernanke and pals are scared
stiff by what’s happening in the banking system right now… ’
http://albertpeia.com/debaseddollardown.htm
‘The mainstream media in the United
States is almost totally ignoring one of the most important trends in global
economics. This trend is going to cause the value of the U.S. dollar to
fall dramatically and it is going to cause the cost of living in the United
States to go way up… If we keep debasing our currency like this, at some point
the rest of the world is going to decide that China and Russia have been right
all along and that we need a new global reserve currency.That day is
coming. It might not come tomorrow or next week or next month but it is
definitely coming.
Once the U.S. dollar loses reserve
currency status, that will be a major turning point in the history of our
country. We will never fully recover from that, and we will never get
back to the same level of prosperity that we are enjoying today.So enjoy
spending those dollars while you can. The party is almost over.’
September 11 – Eleven Years
Later (Selected Statistics)
ZeroHedge.com On the anniversary
of the most emotional day in our collective memory, here are some key
statistics in the interest of truth, justice and the American way: http://albertpeia.com/september11stats.png , Guest Post: De-Industrialisation
And Male Jobs , In Response To Japanese
"Antagonism" Over Senkaku Islands, China Dispatches Two Patrol Ships { Wow! Looks like war between China and
Japan … Just kidding…Japan versus the 800 pound gorilla in the world?…Japanese
command of math/probabilities is not that bad! } , Guest Post: Who Moved My
Recession? Lakshman
Achutan, ECRI (Economic Cycle Research Institute) made a recession call for the US on September 30, 2011
(and confirmed it multiple times since then). Gary Shilling, titling his August
letter “Global Recession”, says “ We are already in a global
recession {This is
correct! } .” However, equity markets don’t think so, with the S&P 500
trading less than 10% away from a new all-time high. Only one side can be
right. Could this be a repeat of
October 2007, when the S&P 500 hit new all-time highs mere six weeks before
the “Great Recession” began? { Yes…regardless how drawn out by manipulation
they make it! } Are so-called
leading indicators, as used by the Conference Board, still reliable? { No!
Stock prices being a prominent example but all are being manipulated for show.
} Established leading indicators
incorporate questionable input. While there is no perfect indicator, a
combination of the ones tested here, weighed by accuracy, confidence and
timeliness should produce a good reading. The higher-confidence indicators say
that 2011 was a “close call”, but we are currently not in a recession. However,
a lot of lower-confidence indicators are
showing readings consistent with a severe recession . , Firm That Brought You
Holo-Tupac Dies Less Than A Year After IPOing, Taking Millions In Taxpayer
Subsidies With It , Zuckerberg Speaks - Wordcloud:
Mobile 22; Profit 0 , Gundlach's Chart-Porn And Buy
China, Sell US , Crossing The Fiscal-Cliff
Chasm, And Why Boehner May Be Right
, Guest Post: The Federal
Reserve's Cargo Cult Magic: Housing Will Lift the Economy (Again) I have often identified Keynesian economists and the Federal Reserve as
cargo cults. After the U.S. won World War II in the Pacific Theater,
its forces left huge stockpiles of goods behind on remote South Pacific islands
because it wasn’t worth taking it all back to America. After the Americans
left, some islanders, nostalgic for the seemingly endless fleet of ships loaded
with technological goodies, started Cargo Cults that believed magical rituals
and incantations would bring the ships of “free” wealth back. Some mimicked
technology by painting radio dials on rocks and using the phantom radio to
“call back” the “free wealth” ships. The Keynesians are like deluded members of a Cargo Cult . They ignore
the reality of debt, rising interest payments and the resulting debt-serfdom in
their belief that money spent indiscriminately on friction, fraud, speculation
and malinvestment will magically call back the fleet of rapid growth. To the
Keynesian, a Bridge to Nowhere is equally worthy of borrowed money as a
high-tech factory. They are unable to distinguish between sterile sand and
fertilizer, and unable to grasp the fact that ever-rising debt leaves America a
nation of wealthy banks and increasingly impoverished debt-serfs.
9-10-12 Super Mario’s Big Bluff http://albertpeia.com/supermariosbigbluff.htm ‘… In closing, the new ECB program will
ultimately prove to be Mario Draghi’s big bluff. By presenting an old, failed
program as something “new” and “unlimited” in scope, the ECB has actually shown
that it’s essentially out of firepower. Indeed, consider the
following…The ECB says it will buy EU sovereign bonds if EU nations apply for
bailouts from the EFSF. Spain and Italy (the very countries that need bailouts)
are meant to supply 30% of the
EFSF’s funding. So this new program involves Spain and
Italy bailing themselves out, while simultaneously implementing
austerity measures so the ECB will buy their sovereign bonds?!?! Oh,
and by the way, the EFSF only has €65 billion in funding left. That will
definitely be enough to bailout Spain and Italy, seeing as Greece has received
over €200 billion in bailouts is still imploding.On that note, if you are not
preparing for a bloodbath in the markets, now is the time to do so. The reality
is that the Central Banks are fast losing their grip on the markets. They’ll
never admit this publicly, but I can assure you that Bernanke and pals are
scared stiff by what’s happening in the banking system right now…’ , Dave’s
Daily: http://www.etfdigest.com ‘ALGOS PLAY IN LIGHT VOLUME 9-10-12
Markets almost saw little if any volume Monday. As the afternoon session
progressed algos stepped-up the profit-taking especially after a much worse
than expected Consumer Credit report (-$3.28 billion vs $9.2 billion expected)
allowed algos to hit the sell switch. Absent any other news, and with volume
very light, there was little support to be found. Most of the day Monday was
spent with markets propped and waiting primarily for Thursday’s Fed meeting.
One would think the poor Consumer Credit report would be a QE stimulant and may
well be one. For now however it’s just a trading opportunity. For bulls it
means some overbought conditions eased while bears believe QE is already priced-in.
Only time will tell who’s right. Tech put in another poor showing led lower
again by Intel (INTC) as PC demand remains weak. Just about everything that had
been higher late last week was fair game for sellers on Monday. I posted a few
charts below as economic data remains scant while most investors await the
Fed…’ , The Student Loan Debt Bubble
Is Creating Millions Of Modern Day Serfs http://albertpeia.com/studentloandebtserfs.htm , The Real Unemployment Numbers
Are Worse Than You Are Being Told http://albertpeia.com/realunemploymentnumbersmuchworse.htm , The Historic Demise Of The
Ever-Shrinking Dollar: An Infographic ZeroHedge.com The almighty Dollar is looking less mighty these days. By almost
every measure, the purchasing power of the US Dollar is in precipitous decline.
The following infographic, whose contents should be well-known to our readers,
visualizes the sad state of affairs that the average American seems to have
ignored for far too long. And since the whole world is now engaged in the 4th
year of all out currency debasement one can safely channel Lester Burnham and
say it's "all downhill from here."
, Investors, Nostalgic For
Logical Markets, Boycott New Centrally-Planned Normal , Guest Post: The Contrarian
Indicator Of The Decade? ‘…And the uber-bullishness is based on what?
Hopium. Hope that the Fed will unleash QE3, or nominal GDP level targeting and
buy, buy, buy — because what the market really needs right now is more bond
flippers, right? Hope that Europeans have finally gotten their act together in
respect to buying up periphery debt to create a ceiling on borrowing costs.
Hope that this time is different in China, and that throwing a huge splash of stimulus cash at infrastructure will soften the landing , Next: The Great Recoupling The chart below from UBS' George
Magnus captures perhaps better than anything, not only the reason why the
global economy grew with the speed it did over the past 40 years, not only why
"globalization" (a/k/a finding new places to issue debt in exchange
for secured assets and unsecured cash flows all the while under the umbrella of
globalist organizations: see Confessions of an Economic Hit
Man ) was the primary urgency for the
status quo, not only why the developed world managed to delay the inevitable
day of reckoning for as long as it did, but most importantly, why the global
day of debt-saturated reckoning is coming. , Market Realizes It Has Already
Priced In QE
, Consumer Credit Posts First
Drop Since August 2011 Following Nonsensical Data Revision , It's Different This Time: PMIs
And Global Stocks
The fundamental backdrop, in the shape of economic lead indicators and
earnings momentum, has been deteriorating: manufacturing PMIs for the US, China,
Japan, Korea, the Euro zone, and the UK are all now sub-50, and consensus
earnings growth estimates for 2012 have been halved in recent months . What has this meant for Global Equities? Well, as UBS notes, in the last
three months, very little. The MSCI AC World index is up more than 12% from the
4 June low. That markets have rallied while fundamentals have deteriorated in
this manner is unusual. Historically, equity market rebounds have tended to
coincide with a trough in PMIs and earnings momentum – that is, when PMIs have
stopped going down and the pace of earnings downgrades slows (waiting for PMIs
to recover to 50 or for earnings momentum to turn positive is usually too
late). Markets
now appear to be taking their cues from central bankers: potential policy
actions are becoming a sort of ‘lead indicator of the lead indicators’ , if you will. Given the recent rally, in addition to underlying macro
weakness, policy action - and effective action at that – has become
increasingly important for investors. Without it this recent rally could end up looking more like a false start than a head
start. , Guest Post: How Draghi Opened
The Door To Hyperinflation And Denied The Fed An Exit Strategy , Another Ex-Fed Governor Admits
"Only So Much Fed Can Do" , California Lt. Governor: This
Aggression Against Our Expropriation Of Private Property Will Not Stand, Man , GM Loses Over $49,000 On Every
Chevy Volt
, Two Days Ahead Of More QE, JPM
Finds That World Is Already "Drowning In Liquidity" A few days ago, the BOE's Andy Haldane, rightfully, lamented that the
apparent "solution" to the exponentially growing level of complexity
in the financial system is more complexity . Alas, there was little discussion on the far more relevant central
planning concept of fixing debt with even more debt, especially as the US just
crossed $16 trillion in public debt last week, right on schedule, and as we
pointed out over the weekend, there has been precisely zero global deleveraging during the so-called austerity phase. But perhaps most
troubling is that with 2 days to go to what JPM says 77% of investors expect
with be a NEW QE round (mostly MBS) between $200 and $500 billion in QE, the
world is, also in the words of JP Morgan, drowning in liquidity . In other words, according to the central planners, not only is debt the
fix to record debt, but liquidity is about to be unleashed on a world that is,
you guessed it, already drowning in liquidity. The bad news: everything being
tried now will fail, as it did before, because nothing has changed, except for
the scale, meaning the blow up will be all that more spectacular. The good
news: at least the Keynesians (or is it simply Socialists now?) out there will
not be able to say we should have just added one more [
]illion in debt/liquidity and all would have worked, just as our textbooks
predicted. Because by the time it's over, that too will have happened. , Rising Food Prices Continue to
Climb, with Prices Up 10% in July Alone Lisa Garber | Food prices are
rising, and consumers are feeling it.
9-7-12 Dave’s Daily: http://www.etfdigest.com ‘A SPOONFUL OF SUGAR HELPS THE MEDICINE GO
DOWN’ 9-7-12 { It really must be emphasized/said, and it has been said infra*,
that the west generally, and the u.s. especially, have become unmistakably
banana republics meeting all criteria by which such failed forms of
political/economic ‘organization’ are denoted. The consistent and persistent focus
on the totally fraudulent, manipulated stock markets, fraudulent wall street
particularly with contraindicated, failed QE for benefit of wall street frauds
only, to the detriment of literally everyone else, viz., taxpayers, main
street, etc., has become nothing short of criminally insane! [ ECB INTERVENTION COMMENT DU JOUR:
"CLASSIC BANANA REPUBLIC BANKING" Submitted by Tyler Durden http://albertpeia.com/classicbananarepublicbanking.htm . { It bears repeating that never in
history have the markets become so disconnected from fundamental finance,
valuation, and reality and so completely and utterly fraudulent. I believe that
computerization facilitating multiple frauds at lightning speed, over and over
again and again along with re-hypothecation of already worthless paper at
similar speeds is in part the reason for the prevalence of such fraud along
with the breakdown of american among other societies into what yesteryear would
have been scorned as ‘banana republics’ without any meaningful rules of law
whatsoever and pervasive, almost blatant, corruption at every level. (This is not to
blame computers for the bad use they’re put to.) Guest Post: The West Has Just
Become A Giant Banana Republic
ZeroHedge.com by Tyler Durden { Yeah! This really is too true for words!
It’s been my direct experience for quite some time now and is quite a pathetic
scenario! } Legendary Investor Jeremy
Grantham: America is a Banana Republic Washington’s Blog | Just different bananas perhaps?
] }
‘The ugly employment report of only 96K new jobs vs 125K expected hit
markets like a spoonful of sugar—Uncle Sugar. The numbers couldn’t be worse
which is why ADP Data and Jobless Claims the previous day doesn’t mean a thing.
Ninety million are not in the labor force, 368K people have dropped out of the
workforce and the participation rate for men is the lowest since 1948 when most
of current readers hadn’t been born. Even the previous data was reduced from
163K to 141K meaning next month’s numbers should be taken with a grain of salt,
and not sugar. Forget the slightly lower unemployment rate since with so many
dropping off the rolls the real rate is closer to 12% than 8.1%, and that’s
generous.This puts the “bad news is good” back on the front burner and means
Bernanke has no choice but to QE and inflate asset prices. He still has “some”
weapons left but he’s running out of bullets. QE bulls could care less since
it’s time to party.All this QE speculation trashed the dollar (UUP) and
bolstered gold (GLD) and silver (SLV). After all, if it’s balls to the wall
once again these assets are the insurance against currency
debasement.Individual investors are still either hiding in low yielding bonds,
dividend sectors or are just on the sidelines. Those buying include corporations
with buybacks, hedge funds, and overseas investors feeding on the weak dollar
and to a lesser extent captive money in pension plans.The fly on the soup today
was a crummy report from Intel (INTC) which issued a warning as PC demand is
weak. This pulled semiconductor ETF (SOXX) and the overall technology index
(XLK) lower. There is concern that PC sales are stalling given the pending
launch next month of Windows 8 which is an entirely different approach from
(MSFT) affecting (IGV).As stocks followed the rally from Thursday on QE hopes,
bonds (IEF) took a breather but not by much given likely Fed money printing and
buying.The important thing to remember about QE activity is what’s the grade?
Thus far in the U.S. at any rate its money that goes first to the Primary
Dealer network (mega-banks) and then may trickle down to you and me. Clearly
it’s been supportive of stock prices but where is that in the Fed’s twin
mandate (protect the purchasing power of the dollar and full employment)? If
the mega-banks just hold the money to bolster their balance sheets then the
grade is an “F”. As most know, banks aren’t lending money for mortgages or
small businesses no matter how much liquidity the Fed dumps on them. I used to
have a math teacher who wouldn’t give a grade less than 40. If it was less than
40 he’d circle it. You wouldn’t want a “circle 40” but this is how you’d score
the Fed’s twin mandate results. Investment Tip: Don’t fight
the Fed central banks.Volume on this QE addicted Friday was once again
ultra-light cementing few investors in the game beyond those described above.
Breadth per the WSJ was positive…’
*[ ECB INTERVENTION COMMENT DU JOUR: "CLASSIC BANANA
REPUBLIC BANKING" Submitted by Tyler Durden http://albertpeia.com/classicbananarepublicbanking.htm . { It bears repeating that never in
history have the markets become so disconnected from fundamental finance, valuation,
an reality and so completely and utterly fraudulent. I believe that
computerization facilitating multiple frauds at lightning speed, over and over
again and again along with re-hypothecation of already worthless paper at
similar speeds is in part the reason for the prevalence of such fraud along
with the breakdown of american among other societies into what yesteryear would
have been scorned as ‘banana republics’ without any meaningful rules of law
whatsoever and pervasive, almost blatant, corruption at every level. (This is not to
blame computers for the bad use they’re put to.) Guest Post: The West Has Just
Become A Giant Banana Republic
ZeroHedge.com by Tyler Durden { Yeah! This really is too true for words!
It’s been my direct experience for quite some time now and is quite a pathetic
scenario! } Legendary Investor Jeremy
Grantham: America is a Banana Republic Washington’s Blog | Just different bananas perhaps?
[ Of course this is absolutely true! And not just from the meaningfully lawless
perspective – I had made such a statement on the record in a LA Superior Court
Appellate Dept. proceeding in which said court literally ignored the law (the
same is true of the costly, plushly accoutered lifetime appointee federal
courts) which corrupt courts should indeed be abolished in these difficult
economic / budgetary times. Additionally, from pervasive corruption, to debased
over-printed currency, to gunboat diplomacy, to total incompetence, etc.,
america is indeed a banana republic at most.]
Guest Post: The West Has Just
Become A Giant Banana Republic
ZeroHedge.com by Tyler Durden { Yeah! This really is too true for words!
It’s been my direct experience for quite some time now and is quite a pathetic scenario!
} Legal precedent means nothing. Rule of law means nothing. Free
speech means nothing. Their own treaties mean nothing. It’s
unbelievable. Anyone in the west who honestly thinks he’s still living in
a free society is either a fool or completely out of touch. If that seems
too radical an idea, consider that ECUADOR is now the only nation which
stands to defend freedom and human rights against an assault from the
United States, the United Kingdom, and their spineless allies. The west
has just become a giant banana republic. Have you hit your breaking point
yet? If not now… when? { { I’m really
constrained to interject my own direct experience with the FBI here; and, I
must say I do so lamentably. If you want no real results vis-ŕ-vis organized
crime which now extends to the upper reaches, highest levels of the corrupt
u.s. government, go to the FBI. I discounted the new jersey FBI as just typical
corrupt, mob infested jersey which thinks in terms of discos/casinos. But,
truth be told, they never ask the ‘tough’ questions of the biggest criminals;
ie., the biggest wall street frauds, cia connected illegal ‘drug ops’
(ops…riiiiight), federal judges ie., trump barry, shiff, alito, etc.; but, they
did go after Martha Stewart in a very big way over a $45,000 transaction. Wow!
You can’t make this stuff up. I also don’t believe their (understated) crime
stats for even a second. I’m beginning to feel foolish for having even put my
full faith and trust in them, much less the ‘federal (judicial) system’ who share
the ‘same employer’; and, despite my antipathy for the mob, probably would have
fared ‘more fairly’ with the mobsters directly who seem to have at least some
sense of the magnitude of the fraud involved and the pervasive corruption of
the system and government and maybe a semblance of honor in this nation of
protracted decline. It never would have occurred to me back when for me, such a
choice/decision was clear-cut and simple. Such a course as mine I no longer
could recommend inasmuch as there is little difference between state/government
sponsored crime/corruption and that perpetrated by other criminal elements,
from my direct experience with both, infra:
Debauchery: An American
specialty In the land of Lindsay Lohan and Snooki, some federal
workers reflect our culture all too well. (Washington Post) [ Lindsay Lohan?
Come on Mr. Milbank, hands off the low hanging fruit. She’s totally harmless.
Jersey ‘italian’ snooki? In mob infested new jersey, who knows (one of the
properties in my proceedings for which surplus funds are unaccounted for was a
2 bedroom 1 and 1/2 bath condominium in seaside heights, n.j.). But debauchery
an american specialty? Another rare instance wherein I agree with Mr. Milbank
completely. 25 Signs That America Is A
Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics
held close to vest EXCLUSIVE | Documents and interviews show FBI and
Justice Department officials took steps to control information uncovered by a
task force designed to examine cases involving discredited agents. Many
defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington
Post) [ Well, I really have to say this. I’m awaiting word from the FBI as to
resolution, one way or the other, concerning the RICO matters which have been
systematically and corruptly covered up by the government (executive,
legislative, and judicial branches of the pervasively corrupt, defacto bankrupt
u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . Never in my
wildest dreams would I have believed the level and extent of corruption and
criminality within the ranks of the u.s. government before embarking upon this
costly quest for justice and simple fairness consistent with clear law (infra,
regarding the u.s. government’s direct involvement in the illegal drug trade).
In this civil RICO matter, there are no innocent bystanders; but rather,
perpetrators, accomplices, and co-conspirators. When the fbi agent initially
assigned to this matter (Connecticut) abruptly resigned/retired shortly after a
conversation, though not central to my case, wherein I had said that rudy
giuliani’s father had been an (convicted) enforcer for the mob (served 12
years? in prison, aggravated assault/manslaughter?) and then sent him
documentation owing to his disbelief. Though ultimately ineffectual vis-ŕ-vis
my case, he was a likeable guy for whom I had and still have regard. I then
spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who
somewhat plaintively (‘my call being a burden’) told me that ‘he was a Ford,
and I was a Ferrari’, which he didn’t explain further. Could anyone tell me
what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an
FBI Agent who sarcastically asked me whether I was ‘going to the disco that night’
(the documents including sworn statements delivered to then u.s. attorney sam
alito’s office in the same building disappeared twice along with the initial
assistant u.s. attorney Jonathan Lacey with whom I had reviewed the documentary
evidence, documents and their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf .
We all can infer sam alito’s reward / quid pro quo for his cover-up by his
current position on the u.s. supreme court. There was never a
question as to maryanne trump barry’s interest in corrupting the judicial
process as related to her brother’s (trump) casinos. Jersey city boy louis
freeh, labeled by former Prosecutor Larry Klaiman as the most corrupt FBI
director ever (see infra, mueller seems no different, and certainly holder’s
impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and
furious, race bias favoring blacks, etc.) apparently covered up the RICO
violations as sent to him, and, with italian citizenship and lucrative insider
deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with
whom I reviewed the RICO documents and confirmed same as indicative of (drug)
money laundering was transferred shortly after meeting with him, as has been so
of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I
discussed the RICO matter and case disks/dvd’s sent to the LA FBI office (they
printed the documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here
in Los Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to
believe it based on my own experience and reasonable inference. I’m currently
being ‘stonewalled’ by the LA FBI office since the departure of FBI Agent Bill
Lewis.
GOOGLE SEARCH – ‘LARRY
KLAYMAN, LOUIS FREEH CORRUPT’
Jul 31, 2000 – Judicial
Watch is a public-interest law firm that fights corruption in government. To read Larry
Klayman's letter to Louis Freeh , ...
... security," said JW
Chairman Larry Klayman . "His behavior stands in stark contrast to Louis Freeh , a man so corrupt he destroyed the office he led, ...
“Louis Freeh will finally have to answer in court for what he
did to our clients. ... answers,” stated Judicial Watch Chairman and General
Counsel Larry Klayman . ...
Klayman, Larry, Chairman,
Judicial Watch ... My name is Larry
Klayman . ... interest group that
investigates and prosecutes government corruption and abuse.
...... They seized his computer – these are FBI agents at the direction of Louis Freeh , ...
May 3, 2001 – Because of
his corrupt behavior, Freeh was placed on
Judicial Watch's ... stated Judicial Watch Chairman and General Counsel Larry Klayman . ...
May 27, 2000 – By Larry Klayman ... While Judicial Watch has asked FBI Director Louis Freeh to .... lawsuits against a corrupt and unrepentant Clinton-Gore ...
The following is my comment
to an LA Times article regarding a Justice Department cover-up! As for your
inquiry, all I think about day and night is a long overdue resolution to the
RICO litigation as set forth therein:
I believe him!
I truly empathize with the ATF in terms of
government cover-ups, notably by even the DOJ. You’ll recognize some familiar
names (ie., Alito, Trump, Freeh (Louis Freeh now has dual citizenship with
Italy), and some familiar crimes (ie., drug money laundering, etc. – real cash
cow for gov’t ops, bribes, etc.). [Did you know this about the following ATF
Agents who were probably viewed as loose ends: Steve
Willis, Robert Williams, Todd McKeahan & Conway LeBleu: Died February 28, 1993 by
gunfire at Waco. All four were examined by a pathologist and died from
identical wounds to the left temple. All four had been body guards for Bill
Clinton, three while campaigning for President and when he was Governor of
Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ] Here’s
some real, complicit cover-up / fraud on the part of the federal government, et
als:
October 15, 2010 (*see
infra {ultimately delivered by UPS})
Steven
M. Martinez, Assistant Director In Charge
Dear
Sir:
I
enclose herewith 3 copies of the within DVD rom autorun disk (which will open
in your computer’s browser) as per your office’s request as made this day (the
disk and contents have been scanned by Avast, McAfee, and Norton which I’ve
installed on my computer to prevent viral attacks / infection and are without
threat). I also include 1 copy of the DVD as filed with the subject court as
referenced therein (which files are also included on the aforesaid 3 disks in a
separate folder named ‘112208opocoan’). The (civil) RICO action (as you’re
aware, the RICO Act is a criminal statute which provides a civil remedy,
including treble damages and attorney fees, as an incentive for private prosecution
of said claims probably owing to the fact that the USDOJ seems somewhat
overwhelmed and in need of such assistance given the seriousness and prevalence
of said violations of law which have a corrupting influence on the process, and
which corruption is pervasive). A grievance complaint against Coan was also
filed concurrently with the subject action and held in abeyance pending
resolution of the action which was illegally dismissed without any supporting
law and in contravention of the Order of The Honorable Robert N. Chatigny,
Chief Judge, USDC, District Connecticut. The files below the horizontal rule
are the referenced documents as filed. (Owing to the damage to the financial
interests of both the U.S. and the District of Congresswoman Roybal-Allard,
viz., Los Angeles, the Qui Tam provisions of the Federal False Claims Act probably would apply and I would
absent resolution seek to refer the within to a firm with expertise in that
area of the law with which I am not familiar) .
The
document in 5 pages under penalty of perjury I was asked to forward to the FBI
office in New Haven is probably the best and most concise summary of the
case RICO Summary to FBI Under Penalty of Perjury at Their Request (5
pages) [ ricosummarytoFBIunderpenaltyofperjury.pdf
http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The
correspondence I received from the Congresswoman by way of email attachment
(apparent but typical problem with my mail) along with my response thereto is
included on the 3 disks as
fbicorrespondencereyes.htm . With regard to
the calls to the FBI’s LA and New Haven, CT offices: There was one call to the
LA office and I was referred to the Long Beach, CA office where I personally
met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of
the money laundering which he confirmed as indicative of same (he was
transferred from said office within approximately a month of said meeting and
his location was not disclosed to me upon inquiry). The matter was assigned to
FBI Agent Ron Barndollar and we remained in touch for in excess of a decade
until he abruptly retired (our last conversation prior to his retirement
related to the case and parenthetically, Rudy Giuliani whose father I stated
had been an enforcer for the mob to which he registered disbelief and requested
I prove it, which I did – he served 12 years in prison, aggravated
assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew
Maloney’s the one that prosecuted gotti).
In
contradistinction to the statement in said correspondence, there is a plethora
of information including evidence supporting the claims set forth in
the RICO VERIFIED COMPLAINT (see infra).
Such includes and as set forth in the case, inter alia,
A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains unaccounted
for and which could be used for payment to creditors, Los Angeles, etc..
Counsel Robert Sullivan on my behalf documented by
way of certification upon investigation that Alan Shiff, USBCJ, had falsely
stated a dismissal upon which false statement he predicated a retaliatory and
spurious contempt proceeding against me causing substantial damage, and for
which he sought Judicial Notice of those and related proceedings as did I in
some of my filings.
The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by
the court’s deadline causing creditors and me substantial damages:
[ Shiff Order of Dismissal With Prejudice on Coan’s Failure to File
Page 1
Page 2
]
Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for a
hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of
Connecticut, who denied Coan’s requested relief as to Coan but precluded my
action against Shiff (although there is no immunity, judicial or otherwise, for
criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) .
[ transcript in pertinent part - http://albertpeia.com/crossexamofcoanbypeia.pdf ]
Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug) money
being laundered through the Trump casinos by the RICO defendants, and despite
my motion to recuse her which motion she heard herself and denied, and U.S.
Trustee Hugh Leonard with whom I met personally refused to join or file a
separate motion to recuse and not long thereafter left said office for private
practice at Cole, Shotz, et als on retainer with the RICO defendants as his
primary client.
Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach,
CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met
personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel
Alito was U.S. Attorney, and went over said documents and their probative value
with him. Within approximately a month thereafter upon inquiry I was told that
Jonathon Lacey was no longer with the office, that the file/documents could not
be located, and that there was no further information available concerning
contacting him or his location. I thereupon delivered by hand, copies of said
documents to the office of then U.S. Attorney Alito, addressed to him, with
assurance they would go directly to him. In addition to being inept [ I looked
in on the one mob case he had brought, bungled, lost (accidently on purpose?)
since I was suing some mob-connected under RICO and the court (I had known /
previously met outside of court the judge Ackerman through a client) was
absolute bedlam and a total joke since incompetent corrupt Alito brought in all
20 mob defendants (rather than prosecute one or a few to flip them first) who
feigning illness had beds/cots in the courtroom along with their moans during
testimony and had the jury in stitches. As much as I hate the mob, it truly was
funny, if not so tragic.], Alito is also corrupt (and maybe corrupt
because he is inept). After a reasonable (but still rather short) time I called
to determine the status and was told that Alito was no longer with the Office
of the U.S. Attorney, that he was (appointed) a federal judge, and that neither
the documents nor any file or record of same could be located. Alito did parley
the same / cover-up into quid pro quo direct lifetime appointment to the Court
of Appeals, 3 rd circuit, despite the absence of judicial
experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as
well). This is the same Sam Alito that now sits on the purported highest court
in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety coverage and
neither LA, nor creditors, nor I should continue to have been damaged by this
brazened corrupt and illegal scenario, which should be resolved in accordance
with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia th Street, #404
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. (Ultimately delivered by UPS) ]
FROM:
Rep. Lucille Roybal-Allard
TO:
[email protected]
Message flagged
Wednesday, November 16,
2011 8:48 AM
Dear Mr.
Peia:
Thank
you for being in touch. As we continue the busy first session of the 112 th Congress, I
want you to know that I am grateful for the various times you have shared your
thoughts and concerns with me on different issues. Please be assured that
your voice is being heard and that your perspective helps me to better
represent you in Washington, D.C.
Sincerely,
[ This is a reply to the
Congresswoman’s query among others included.]
11-5-11
Dear Congresswoman Roybal-Allard:
The Keynesian (economic)
approach, if ever a wise prescription for ‘economic doldrums’, euphemistically
speaking (there are articles/studies/data that dispute the purported
effectiveness of the widely hailed ‘Keynesian remedy’ during the prior great
depression), the ‘Keynesian way’ is certainly no longer a prudent approach today
in light of the insurmountable debt levels of nations worldwide and in america
particularly along with the concomitant over-printed, debased ‘paper
currencies’ to finance same. Quite simply, there simply is not enough real
value being created for redistribution, a situation exacerbated by the
parasitic lightening fast, computerized churn and earn high frequency trading
programs on fraudulent wall street (they should be prosecuted, jailed, fined,
and disgorgement imposed for extant frauds in the trillions now marked to
anything as per misguided legislated FASB rule change). [ America’s
debt woe is worse than Greece’s News (CNN) — ‘Our government is
utterly broke …The government’s total indebtedness is $211 trillion ’. 43,454,601,693,238 Reasons Why
The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17, 2011 http://www.economist.com/content/global_debt_clock ] .This is the consequence of a structural shift
fed by greed and misguided policy and cannot be undone (transfer of productive
capacity to ie., China, etc., ‘the bell cannot be unrung’). That said which
militates against such an extension, this is an election year which
probabilities suggest makes highly likely the passage of the extension. I favor
your co-sponsored legislation and before the holidays simply in the name and
spirit of Christmas and for no other reason whatsoever. Below is a recent
comment to Opinion Writer Krauthammer’s ‘more war spending (Keynesian)
position’ and an article regarding the folly of same. Immediately following is
from my prior post to you concerning something of such manageable proportion
and well within the government’s ability to resolve (if the government can’t
accomplish this consistent with law and long overdue, then there isn’t anything
the government can accomplish), along with other comments to you for ease of reference:
‘…As previously noted in a
prior message to you, I had previously spoken to FBI Agent Bill Lewis in
Washington who was recently promoted to the FBI Headquarters Office (D.C.) from
the FBI office here in LA, and who was to be out of the office for the two
weeks past. I’ll be contacting him given a reasonable time for him to ‘catch
up’, from being out of the office. While independent contractor richard coan is
ultimately the one to bear the burden of damages (there’s insurance and a
surety covering same), coan might allude to the prior default of the u.s.
government (assist. u.s. atty. robert i. lester miscounted / miscalculated the
time for filing an answer / response to the complaint upon service thereof,
also misstating the rule in open court before corrupt judge matz who
‘schmoozed’ things over (they both have the same employer), however incorrectly
according to the ‘law’. I ordered / bought a copy of the transcript of that
rather pathetic proceeding (posted in part on my website). In any event, regardless
who pays me, the amounts so paid would ultimately be recovered from coan, his
insurer/surety which amounts might even exceed the amount I’m willing to settle
at. [There is also a judgment (referenced in the correspondence to FBI ADIC
Martinez infra) that had been entered in my favor in the case, United States
District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth
approximately now in excess of $300,000 remains unaccounted for and which would
benefit Los Angeles, etc.; and then, of course as well, the substantial
damages. ] I’ve waited far too long for this matter to resolve, what should
have been resolved in accordance with clear law long ago; and, which would have
been resolved if not for typical u.s. corruption in the process; and, which is
well within the government’s ability to resolve. In my world and way of
thinking, results do count! I’ve included prior correspondence for ease of
reference…’
Sincerely,
Albert L. Peia
America also
leads in the illegal drug trade. In fact, many researchers reveal that
the war on drugs is only utilized to control and monopolize the illicit
drug trade. The US government has been caught multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now openly protects and transports opium from Afghanistan [ http://www.youtube.com/watch?v=ElEciFI0Pew ] . In fact, Global Research points out that in 2001, “according to UN
figures, opium production had fallen to 185 tons. Immediately following the
October 2001 US led invasion, production increased dramatically, regaining its
historical levels.” This month, the U.N. announced that Afghanistan now provides 93% of the
world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons. Although the
empire tries to keep it secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm
Drug war hypocrisy: drug
trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on
the amount of drug trafficking that benefits the CIA and international banking
system. Natural News February 1, 2012 [ [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the
amount of drug trafficking that benefits the CIA and international banking
system. The son of a convicted notorious mobster, John Gotti Jr, when asked in
court if the family still dealt drugs cracked, “No, we can’t compete with the
government.”
The Scary Math Behind The
Mechanics Of QE3, And Why Bernanke's Hands May Be Tied ZeroHedge.com , Explaining The Market's Brand
New 15x Forward Multiple
Actually not really, but all one can do is laugh since in some centrally
planned parallel universe, the entire
world entering manufacturing contraction translates into a 4
year (and just shy of all time ) stock market high... , Stocks Spike In (And After)
Close To New Post-2008 High As Volume Resumes Slide A few hours
after the US reported a jobs number which missed consensus estimates on broad
weakness, which saw a nearly 400K increase in those no longer even caring about
work, and which confirmed that the economic deteriorating is nowhere close to
ending, stocks did their thing and with no news, and on no volume (the same
reason why like Nomura, ever fewer banks can afford to keep trading desks),
decided to surge into the close even as volume slid, with the NYSE trading its
new post-Knight normal average of a few shares over half a billion. This sent
the ES to a new post-2008 high. In other news, we are approaching 15x forward
P/E even as the world's global economies are grinding to a screeching
halt.Central planning is here to stay and the stock market will merely levitate
ever higher on hope that the central bankers have it all under control. , Guest Post: The Repricing Of
Oil Now that oil’s price revolution –
a process that took ten years to complete – is self-evident, it is possible
once again to start anew and ask: When will the next re-pricing phase
begin? Most of the structural changes that carried oil from the old equilibrium
price of $25 to the new equilibrium price of $100 (average of Brent and WTIC)
unfolded in the 2002-2008 period. During that time, both the difficult
realities of geology and a paradigm shift in awareness worked their way into
the market, as a new tranche of oil resources, entirely different in cost and structure
than the old oil resources, came online.
, Friday Humor: The New Normal
Asset Manager Curious why legendary hedge fund managers are
shutting down shops left and right in disgust with the mockery that central
planning and algorithmic short-termism had made of equity markets? Don't be:
his name is Julian Marchese, he runs a "macro fund"... and he is 16 . Don't get us wrong: we enjoy the next
youth trading prodigy, and here the Schwab baby comes to mind, as much as
everyone else. Our concern is when it is the people who have never even seen
half of a business cycle that start running your money, and, probably worse, making money, which
leads them to believe they know what they are doing, and gets gullible LPs to
allocate capital to them based on a 3 month track record, when in reality the
entire market is one merely primed for outperformance courtesy of central
planner puts and priced to Bernie Madoff ponzi perfection, targeting a specific
investor type. And here the Schwab baby comes to mind again. , Guest Post: Junkie Recovery If the point of quantitative easing was
to provide enough liquidity to keep the massive, earth-shatteringly large
debt load serviceable, then quantitative easing succeeded — but the “success”
of sustaining the crippling debt load is that it remains a huge burden weighing
down on the economy like a tonne of bricks. This “success” has turned
markets into junkies, increasingly dependent on central bank liquidity
injections. After QE3 will come more and more and more easing until the market
has either successfully managed to deleverage to a sustainable level (and
Japan’s total debt level as a percentage of GDP remains higher than it was in
1991, even after 20 years of painful deleveraging — so there is no guarantee
whatever that this will ever occur), or until central banks
give up and let markets liquidate. Quantitative easing’s “success” has been a
junkie recovery and a zombie market. Patents Wars 2: The Asian
Empire Strikes Back - Are The Tables About To Turn On Apple? { This is a very big deal as I
emphasized when the Asian Court decision came down against Apple; not the least
of which reason is the fact that american courts are notoriously corrupt; an
indisputable fact that’s not even lost on ‘non-kool-aid-drinking’ american
citizens ‘in the know’ } Much has been
said about Apple's recent victory over its key component supplier, Samsung, in
a recent US court decision the direct result of which has been the halt of sales
of several Samsung products which are already obsolete in cell phone year
terms. The paradox here is that AAPL's victory is quite pyrrhic: if and when
Samsung feels sufficiently threatened, it can just pull a Gazprom and halt the
supply of mission critical components to the world's biggest publicly traded
company. Alternatively the Chinese politburo can one day decide to pull
FoxConn's operational license, in the process bankrupting AAPL overnight. But
these are of course M.A.D. scenarios which in rational, non-centrally planned
market would never take place, and so we have no reason to worry about them.
That said, it is increasingly becoming clear that patent warfare fought in
partial domestic judicial systems, will be the next form of protectionism as
pertains to that most faddy of technology: the ubiqutous smartphone. And while
Apple may have won the first battle, the outcome of the war is still very much
unclear: in fact, the return salvo after Samsung's big defeat on US soil may
come quite soon, this time courtesy of another Chinese Apple "clone",
HTC Corp, which if it goes against the Cupertino company, could have a large
impact on revenues.
9-6-12
Dave’s
Daily: http://www.etfdigest.com ‘DRAGHI GIVES BULLS WHAT THEY WANT 9-6-12
Bullish algos bought immediately after Draghi’s announcements. They
aren’t interested in the details just the headlines which told them more money
printing was on the way. Draghi stated there would be “conditions” to their
bond buying of various sovereign debt but details of these conditions were
illusive. He also stated QE would be unlimited in scope and confined to 0-3
year maturities. When asked if he thought traders would “game” this he said
they’d monitor this. (His former employer Goldman Sachs would probably do
whatever they want thank you.) Asked if these decisions were unanimous and he
said no. Later the Bundesbank reiterated their opposition but that seems a mere
inconvenience. In fact, since the ECB will be buying bonds in the secondary
market vs primary the German court ruling will not matter.Draghi also spent
some time discussing that bond markets in the eurozone were distorted due to
misperceptions which seemed laughable frankly. He also stated later that
problems in the global economy weren’t the fault of the eurozone fingering the
U.S. financial crisis obliquely.Not to be left out the Bank of England noted it
would continue its bond buying program.Bulls also glommed onto to the ADP
Employment report showing 201K private jobs created. Many of these were part
time workers and only 3K was in manufacturing but again, algos aren’t
interested in the details. Jobless Claims were better (365K vs 370K expected
& prior revised higher once again to 377K from 374K). These prior revisions
are batting 1000 this year and while claims data improved they’re still
trolling along unacceptable levels. In fact, so many have exhausted their
benefits the data becomes misleading.Beyond the details stocks rallied sharply
scoring one of the best trading days in 2012. Stocks globally due to ZIRP and
QE remain highly correlated picking leaders more difficult as is creating a
diversified portfolio. Just pick the sector with the highest beta, like small
caps (IWM) and stick with that since you don’t need many ETFs or stocks. Bonds
(IEF) were weaker as equities rallied while the dollar (UUP) was also weaker.
Commodities (DBC) and precious metals (GLD) & (SLV) continued to rally as
easy money from central banks debases fiat currencies.On deck Friday is the
monthly employment report which could add fuel to the QE fire domestically.
And, let’s not forget Bernanke’s own boasts about higher stock prices as a
result of Fed policies (ZIRP & QE). The central planners have gone too far
down this QE road to stop now. Doing so serves their short-term political
agendas for when markets meet their maker they’ll be long gone. The important
part of QE is the money created goes directly to banks and then may trickle
down to people. This is why QE and ZIRP have only helped stocks but not
unemployment or economic growth.Investment Tip: With equity
markets highly correlated one sector and country to another you don’t need many
stocks or ETFs to create a portfolio as diversification attempts are futile.
With global QE, less is more.Volume increased dramatically on the ECB’s money
printing as investors know stocks can inflate too. Breadth per the WSJ was
quite positive and some sectors scored a 90/10 day it seems...’
Today's move can be summarized in one
word: euphoria. The same euphoria every previous instance of central planning
intervention has engendered, only to fade days, weeks or months later. But for
the time being it will suffice, and send the S&P to fresh post 2008 highs.
In the meantime, below is the definitive note summarizing what has just
happened, courtesy of Pierpont Securities via Bloomberg.
ECB Plan " Classic Banana Republic" Banking:
Pierpont
ECB’s outright
monetary transactions (OMT) indicate that the central bank “will underwrite the
profligacy of peripheral Europe,” Pierpont Securities strategist Stephen
Stanley writes in note.
OMT program
will lengthen EU’s “march to insolvency,” raises the odds of a bad outcome
Sterilization
ensures program isn’t inflationary in short-term
OMT will
attempt to transfer wealth from wealthy countries in Northern Europe to the
Southern nations, who have “squandered” their wealth
Transfer of
wealth is what Germany and Merkel have refused to do
And, we should add, once the Greek
realize they were just swindled by the ECB's refusal to implement retroactive
pari passu status on the now-defunct SMP program, in the process preventing the
reduction in Greek debt by tens of billions as it gets the same treatment as
all other Greek debt as part of the country's recent restrcuturing, the
political upheavals will return.
But for now, as said above, we have
euphoria. Enjoy it while it lasts.
http://theeconomiccollapseblog.com
http://albertpeia.com/40statsyourenotbetteroff.htm
Guest Post: Economic Fallacies
And The Fight For Liberty
ZeroHedge.com It’s easy to be
pessimistic over the future prospects of liberty when major industrialized
nations around the world are becoming increasingly rife with market
intervention, police aggression, and fallacious economic reasoning. The
laissez faire ideal of a society where people should be allowed to flourish
without the coercive impositions of the state is all but missing from
mainstream debate. In editorial pages and televised roundtable
discussions, a government policy of “hands off” is now an unspeakable
option. It is presumed that lawmakers must step up to “do something” for
the good of the people. Thankfully, this deliberate false choice will
slowly but surely bring the death of itself. Illogical theories can
only go on for so long before the push-back becomes too much to handle.
For those who desire liberty, it’s a joy that the statist economic policies of
the Keynesians become even more irrational as the Great Recession drags on. The
two following examples will illustrate this point…’ , The Glass-Half-Full,
Glass-Half-Broken 'Goldilocks' Payroll Preview , Peter Schiff Discovers No
Country For Corporate Profits
, The Post Globalized World Part
2: Why The PIGS Are (Still) Out Of Luck , The One Chart To Explain Why
Draghi's Blunt Tool Can't Fix Europe
The monetary policy transmission mechanism is broken in Europe; we all
know it and even ECB head Draghi has admitted it (and is trying to solve it).
As Bloomberg economist David Powell noted though, Draghi may have to address the economic fragmentation of
the euro area before undoing the financial fragmentation of the region . The latter
may just be a symptom of the former. The Taylor Rule, a policy guideline that
models a monetary authority’s interest rate response to the paths of inflation
and economic activity, highlights the drastically different monetary policies
required across the various EU nations as a result of their variegated domestic
economic conditions. This variation creates concerns over sustainability and
the rational (not irrational as Draghi would have us believe) act of
transferring deposits to 'safer' nations for fear of redenomination. As Powell notes:
Draghi will probably have to convince market participants of the economic
sustainability of the monetary union before the financial fragmentation of the
region is ended. The large-scale extension
of central bank credit to potentially insolvent countries is unlikely to
accomplish that - as economies remain hugely divergent. , The New Normal Of Investing:
Bonds For The Price, Equities For The Yield , The Death Of IPOs, And Why It
Matters To You , A Gentle Reminder Of The
(In)Effectiveness Of Prior ECB Bond Buying , In His Own Words: Draghi's
Debasement In Two Minutes
In case you missed it. Here is Draghi's two minute diatribe, courtesy of
Bloomberg TV, sprinkled liberally with every algo-headline-seeking word
required to raise the perception that something actually just happened other
than smoke, mirrors,… , Non-Manufacturing ISM Comes
Diametrically Opposite To Manufacturing Indicator (In other
words, cooked/fudged/b***s***)
Three Times As Many Americans
Enter Poverty As Find Jobs
zerohedge.com | June saw a
new surge in Americans living in poverty and thus eligible for foodstamps.
Sitting on a Mountain of Debt
Michael Tennant | The U.S.
government is sitting on a mountain of debt — literally.
European Stocks Could Correct
Up to 20%: Marc Faber
CNBC | European stocks, which have been
in a broad upswing for the past three months, could retreat by up to 20
percent, presenting an opportunity to move back into the market, says Marc
Faber.
9-5-12
Dave’s Daily: http://www.etfdigest.com ‘TRIAL BALLOONS FROM EUROZONE DOMINATE
MARKETS 9-5-12 The U.S. Fed has its own
leaker with the WSJ’s Hilsenrath while the ECB uses just about anybody to test
their future QE strategies. Thursday the ECB may clue us in on what they’re
actually going to do vs all the talk. It appears the Germans are okay with some
bond buying but not necessarily unlimited.Markets have been responding to all
this tentatively which is helps the leakers to gauge what markets like or
not.One thing continues to haunt markets and that’s the ongoing economic
contraction in China. Investors there are literally begging the PBOC to reduce
bank reserves and employ other stimulus measures to stem the fall in equities
there. Thus far not much has come from the PBOC especially when the Wen regime is about to end. Add to this their concern about
a housing bubble and ghost cities that more stimulus would just stimulate.In
the U.S. economic data included a bump in Nonfarm Productivity (2.2% vs 1.9%
expected & prior 1.6%) while Unit Labor Costs were tame (1.5% vs 1.4%
expected & prior 1.7%). The big downer was the report from FedEx (FDX) that
forward earnings would be reduced sharply to reflect the contracting economy
globally. This report was quite negative for markets and was clearly for
transports (IYT). After all shipping conditions are an important indicator for
economic conditions overall. At the same time investors bullish or otherwise
are more focused on the ECB Thursday and Fed given Friday’s employment
report—it’s the “bad news is good theme” in play until it doesn’t work any
longer.So while there will be Jobless Claims again Thursday most eyes will be
glued to Draghi and his press conference. This means what we comment about
today is nothing by comparison to the action that should take place Thursday and
Friday.So stocks were basically neutralized in advance of Draghi and may see
more action even before the employment report Friday. Investment
Tip : Wait till you see
the whites of their eyes? But you’ll miss the first move bulls argue; however,
I advise which move which way?Volume was once again light as investors chose to
sit things out before the deluge of news. Breadth per the WSJ was mixed to
negative…’ , The Next Round of the EU
Implosion is at Our Doorstep September 5, 2012 http://albertpeia.com/nextroundeuimplosionnow.htm , Spot Gold $1700
ZeroHedge.com Earlier we noted Gold's seeming clairvoyance with regard the expansion of
the Fed and ECB balance sheets over the last few years. It seems the EUR
strength overnight (or stop-run) has provided just enough USD weakness impetus
to nudge spot Gold (not futures) back over $1700 for the first
time since March 13th . , Retirement Reality Full
Frontal: Why Every 30 Year Old Must Risk It All To Be Able To Retire Exceptionally low
interest rates are bad for banks, insurers, and, more generically, anyone
wishing to save money. Of the three, it’s the situation of the savers
that is most untenable . In
particular, Citi notes in a recent report, those wishing to retire at 65 or
thereabouts are in for a nasty surprise when they start to run the numbers.
Given that real yields are negative for Treasury bonds inside of 20-years, the
steady stream of inflows into investment grade bond fund that hold a mixture of
government, agency, and high grade corporate securities, will simply fail to return an
adequate rate of return commensurate with the current savings rates of most
retirement savers . What savers
need to do is find higher asset returns or increase their personal savings
rate. As the chart below shows, there are few options but to go all-in to the most
excessive ends of the risk spectrum , or raise the proportion of savings and higher savings rates lead to lower consumption, a decline
in corporate profits, and recession.
, Citi's 'Red Flag' Warning From
The Credit Markets , Bad News For NFP Bulls: Help
Wanted Ads Plunge By Most Since Lehman Collapse , The Post Globalized World Part
1: Why The PIGS Are Out Of Luck , 88% Of Traders Expect A
Spanish 'Bailout' By Year-End With the front-end of the
Spanish (and Italian) credit spread curves having compressed to what Goldman
believes is 'fair-value' given rates and current fundamentals, it seems the
consensus expectation ahead of tomorrow's ECB call is that Draghi will promise,
deliver, and implement instantaneously. In a recent client survey a stunning 88% of investors
expect Spain to officially request activation of EFSF/ESM support - subject to
an MoU - by the end of the year (with 70% expecting it by the end of October - the heavy redemption
month). A full 50% expect the Italians to follow suit by the end of Q1
2013 . The paradox of
course is that with the spread cost of funding so 'low', Spain has no need to
ask for the help that is implicitly priced into the low yields - and with that
huge maturity looming, it seems they have two options: 1) pre-empt the
redemption by issuing short-dated debt now to fund it (piggy-backing on the
ECB's confidence inspiration) but of course this will signal no need for a
short-term MoU and therefore no ECB support and therefore bonds will sell-off;
or 2) admit defeat, beg for help, lose face and get the bailout... (as we await
tomorrow's 'details' on the seniority issue). The promise (or threat) of support implies it has to get
worse before it can get better. , US Aircraft Carrier Stennis Is
Now En Route To Join Enterprise And Eisenhower Off Iranian Coast , Merkel and Clinton Go To
China: One Makes Deals, The Other (clinton) Gets Snubbed Where is the bacon, Mrs. Clinton?
, Guest Post: What to Do When -
Not If - Inflation Gets Out Of Hand The cheek of it! They
raised the price of our favorite ice cream. Actually, they didn't increase the price; they reduced
the container size. Raising prices is one thing. We understand raw-ingredient
price rises will be passed on. But underhandedly reducing the amount they give
you… that's another thing entirely. It just doesn't feel… honest. You've
noticed, we're sure, how much gasoline is going up. Food costs too are edging
up. Kids' college expenses, up. Car prices, insurance premiums, household items
– a list of necessities we can't go without. Regardless of one's income level
or how tough life might get at times, one has to keep spending money on the
basics. According to the government, we're supposedly in a
low-inflation environment. What happens if price inflation really takes off, reaching high levels –
or worse, spirals out of control? That's not a rhetorical question. Have you considered how
you'll deal with rising costs? Are you sure your future income will even keep
up with rising inflation? If your monthly
expenses are about $3,000/month, you need 45 ounces of Gold to cover two years
of high inflation. , Will We Never Learn? Subprime
Auto Loans Accelerating (Again) Submitted by Tyler Durden That the SEC is the most incompetent, corrupt, irrelevant
and captured organization "serving" the US public is known
by everyone. And while the details of the SEC's glaring lack of capacity to do anything to restore
investor confidence in the capital markets, which has become a casino used
exclusively by Wall Street to defraud any retail investor still stupid enough
to play (which lately a moot point as there have been no material retail
inflows into mutual funds in over three years), are scattered, courtesy of
Bloomberg we now have the best summary of just how the utterly clueless SEC is
a muppet plaything of Wall Street, and together with it, the "grand
regulation" that was supposed to keep Wall Street in check, is nothing but
what Wall Street demand it to be, and forced the SEC, way over its head on
regulation, to accept every change, that the very banks that are supposed to be
regulated, demands as part of Dodd-Frank reforms. In short: everything we know
about Wall Street 'regulation' has been a farce, and a lie, exclusively thanks
to corruption rampant at the now documentedly incompetent Securities And
Exchange Commission.
Posted on September 5, 2012 by News
Financial Post (Sept 5) — The price of
gold is expected to increase over the next four months as investors demand a
safe haven amid concerns over a euro-zone break up according to a new report
from Capital Economics.
“We would continue to emphasize that our forecast of a rise in price to
$2,000 per. oz by year-end does not rely on the launch of a third round of
qualitative easing (QE3). Rather it is mainly based on an exception that a
break up of the euro-zone will boost the demand,” said economist John Higgins.
[Source]
JK Comment: So if gold’s rise to $2000
doesn’t depend on QE3, what will happen to the price if Bernanke does press
forward? The specter of combined European and US easing is certainly creating a
bigger, perhaps even a ‘perfect’, storm for gold. Maybe it is the fact that
gold doesn’t ‘need’ QE3 to get to $2000, yet QE3 seems like such a strong
possibility, that is prompting a spike in $2000 price predictions/expectations:
Here’s a few……. Merrill Lynch
Drakon Capital’s Guy Adami
Economist Shayne Heffernan Afshin Nabavi, head of trading at MKS Finance
http://albertpeia.com/outrageoushospitalbills.htm
9-4-12 Dave’s Daily: http://www.etfdigest.com ‘ALGO DRIVEN TRADING DOMINATES
TUESDAY 9-4-12 The basic news on the
day was universally poor and the market reacted negatively, even logically. But
as the day wore on the trusty 2:15 PM Buy Program Express took the lead and
pushed markets higher. It can only be the result of the ongoing “bad news is
good” theme indicating more QE must be on the way. And, let’s face it, our
crack addicted trading desks believe in the Bernanke Put and the global central
bank put. It’s quite apparent reading the news from China this morning as
pundits were universally calling for more PBOC stimulus—it’s QE contagion.
Moody’s cut their European outlook to negative which must be viewed two ways:
Moody’s gets no respect and it means more QE. Speaking of which the ECB is
rumored to be launching “unlimited” bond buying (QE) with “conditions”
(whatever those might be). The bond buying is said to be 0-3 year maturities
with the implication being the problems of austerity and debt would be Clouseau -like “sol- ved ” during that period.
Given that sort of optimism you’d not be incorrect in assuming the ECB will
need a bailout itself down the road.In lesser news Swiss GDP surprised to the
downside, -.1%. In the U.S. the PMI was flat (51.5 vs 51.4) but the ISM Mfg
Survey weakened for the third month (49.6 vs 50 expected & prior 49.8) as
did Construction Spending (-.9% vs .4% expected & prior .4%). Naturally
this was more QE3 friendly which is bullish in the Twilight Zone.As stated,
stocks were much weaker most of the day until an algo driven rally awakened
bulls late as buy programs kicked-in at the usual hour. But into the closing 20
minutes sell programs hit the tape sending stocks lower once again. There’s no
two ways about it, September and October will feature more than the usual
amount of volatility.Apple (AAPL) also known as “the market” announced it will
put on another show for the financial media September 12 th to unveil its new iPhone presumably. This
naturally got the tech sector (XLK) fired-up from its lows of the day to close
mostly flat. The biggest mover was small caps (IWM) which are the most
sensitive and addicted to QE. The dollar (UUP) was relatively unchanged, bonds
(IEF) were weaker, commodities (DBC) were mixed while precious metals (GLD) and
(SLV) were higher. Investment Tip : Bill Gross of Pimco tweeted today that investors should buy gold as a
hedge against the money printers globally. Who are we to argue? We’re long gold
both vanilla and leveraged. Gross: Draghi appears willing to write 2-3 year
“checks” to peripherals. Very reflationary. Buy gold, TIPS, real assets.— PIMCO
(@PIMCO) September 4, 2012 Volume was only modest overall as
perhaps some Labor Day stragglers were coming back to work from the Hamptons.
Breadth per the WSJ was mildly positive…’
, 18 Indications That Europe Has
Become An Economic Black Hole Which Is Going To Suck The Life Out Of The Global
Economy
http://albertpeia.com/18indicationseuropesuckinglifeofglobaleconomy.htm , THREE CHARTS TO WATCH FOR SIGNS OF WHAT’S TO COME http://albertpeia.com/3chartstowatchwhatscoming.htm , Economic Failure: 58 Percent
Of The Jobs Being Created Are Low Paying Jobs http://albertpeia.com/oecofailureandlowpayjobs.htm , Moody's Downgrades European
Union To Outlook Negative ZeroHedge.com , Guest Post: Bernanke: "We
Can't Really Prove It, But We Did The Right Thing Anyway" (Riiiiight!) , Financials Hide Analysts'
"Earnings Recession" Expectations We know top-line numbers were a
disappointment in Q2; but the long-only AUM-defending commission-takers will
remind you that 'stocks are cheap', '...valuation...', 'money on the the
sidelines', and on the surface there was a 6.9% increase in EPS from Q2 2011
(growthy and as UBS notes - anything but anemic). But, like every good story,
the truth is darker under the surface; looking at earnings growth (i.e.,
without the impact of shrinking share counts) excluding prior-period Financial
sector writedowns, we see an outright earnings contraction . Further, consensus estimates are calling for EPS growth to go negative
in 3Q12 - falling to $25.07 from $25.65 - which will make two quarters in a row of negative
earnings growth - what we would consider an earnings recession. , Reality Bites: Fedex Cuts
Outlook On Global Growth Concerns ...and so it begins - with a bellwether:*FEDEX CUTS 1Q EPS FORECAST TO
$1.37-$1.43, EST. $1.56 "Weakness in the
global economy constrained revenue growth at FedEx Express more than expected
in the earlier guidance." FDX -4% AH and UPS
-2.5% - both to lows of year! This is a not a good sign for
GDP! , It's Official:
$16,015,769,788,215.80 , Find Out If Your Apple Device
Was Among The 12 Million Units Hacked And Tracked By The FBI , The One Chart To Explain Why
ECB's Short-Dated Bond Buying Program Will Fail , Mario Draghi Reprises Hank
Paulson: Demands Full Monetization Authority Or Else Threatens With End Of Euro , Facebook 'Barely Legal' As 18
Penetrated
, Manufacturing ISM Misses,
Third Month In Contraction Territory; Biggest Miss In Construction Spending In
One Year
, June Foodstamp Recipients Hit
All Time High As Three Times As Many Americans Enter Poverty As Find Jobs , 19 Signs That Israel And Iran
Are On The Verge Of War http://albertpeia.com/israeliranonvergeofwar.htm
Drudgereport: UPDATE: Obama gives himself an
'incomplete' grade... { Wow!
The audacity! The unmitigated gall! This from the record holder for
fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in
addition to being famously over-vacationed while in office. Did wobama expect
that these things would in choom fashion magically come to fruition while he
was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm
The point is that you don’t have to love
Romney but you at least have to like yourself in saying ‘NO!’ to more wobama
b***s*** which is all that he is. Have some self-respect. His grade is
unequivocally ‘F’ for failure, having failed to do as promised which
coincidentally is a direct cause among others of this debacle called america’s
dark obama years. All the talk/b***s*** cannot change that reality. Obama:
Biggest mistake too much perspiration, not enough inspiration [What total b***s***!] { Biggest mistake:
too much b***s***, not enough substance; that’s reality, not spin! } White
House on weak jobs report: Don’t ‘read too much’ into it Olivier Knox, Yahoo! News { Riiiiight! Sounds like a plan! After all,
wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having
done anything of substance in his entire life. Indeed, even his so-called
‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced
fantasies which reveal a psychogenic/dissociative amnesia that works well in
the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign
trail’ littered with the cowpies of stark reality. People owe themselves and
their children more than this grifter’s con which in numbers measures more than
the increased deficits of all the presidents since President General Eisenhower
combined to obfuscate his unequivocal failure. http://albertpeia.com/10waysobamakillingjobsinamerica.htm } Obama Asks People Getting Married To Forgo Gifts... Donate To His Campaign Instead... AP: ‘…THE FACTS: Five
Senate Democrats voted against sending the DREAM Act to the Senate floor for
full consideration. The bill would have created a path to citizenship for many
young illegal immigrants brought to the United States as children. Last week,
Obama announced plans to stop deporting illegal immigrants who would have
qualified for the DREAM Act. The policy change does not include a path to
citizenship…’ Then there’s the other meretricious
‘wobama desperation hail mary’ that once again falls short. Indeed, as an
investor, one analyzes earnings, projects prospective earnings over a 3-5 year
horizon, and the quality of the earnings along macro economic factors which are
affected by ‘political considerations’. Does anyone remember the honorable Ross
Perot who warned of NAFTA’s effect on american jobs even as the democrat
administration et als were hell-bent on passing same? Should Romney have
breached his legal duty to shareholders and invested in companies with poor
earnings prospects? After all, in the financial / security analysis step of
projecting the income statement, prospective labor costs figure prominently in
the bottomline. In sum, Romney took conditions as he found them, and made the
prudent choices which as per his legal duty were optimal for those who put
their trust in him. For those who put their trust in proven failure wobama, all
they have to show for such misplaced trust are broken campaign promises, now
insurmountable record deficit spending exceeding all the presidents since
Eisenhower combined to obfuscate what clearly has been wobama’s unequivocal
failure. ] Will accept your birthday or anniversary gifts,
too...
IF IT WAS ONLY ONE THING ABOUT WOBAMA THAT
MAKES HIM SO WRONG. YET, IT’S A MULTITUDE OF REALITIES; FROM INVARIABLY BROKEN
CAMPAIGN PROMISES ( Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins
Oscar for Documentary on the unprosecuted massive extant fraud in the (many)
TRILLIONS by the frauds on wall street ( and declares with oscar in hand that
not one high level wall street exec has been prosecuted … despite ‘earning’
billions from the fraud ) Cases against Wall Street lag
despite Holder’s vows to target financial fraud WP Obama has
promised to hold Wall Street accountable for the meltdown. ‘ THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , etc.) , TO VERY REAL BIRTH ISSUES (WHAT PERSON FAILS TO
GET THEIR PLACE OF BIRTH CORRECT – THE FRAUDULENT WOBAMA KIND http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ) , TO THE CURRENT OBFUSCATING FRAUD, Obama's Five Trillion Dollar
Lie http://albertpeia.com/obamas5trilliondollarlie.htm { the economy is already in depression in real terms when taking into account real
inflation numbers. Financial Crisis Phase II Is
Ahead at Forbes Bert Dohmen ‘ In late 2007, I
wrote the book Prelude To Meltdown , predicting the global crisis that
occurred the following year. I now see a similar confluence of events ..
“the new recession has started.”… Over the past 33 years, we have called the
start of every recession..Currently, the GDP deflator is 1.8%, which hardly
reflects the true rise in prices. Therefore, what is counted as “growth,” is
actually price increases. Actual inflation..is now more than 11%. Using that to
adjust GDP for inflation, would show that the economy is now in a very sharp
contraction…’ } , WOBAMA ET ALS’ DISINGENUOUS ATTACKS AGAINST ROMNEY ON WHAT WAS PRIZED AND
LAUDED AS LEGAL, COMPETENT MANAGEMENT INCREASING SHAREHOLDER WEALTH (THE TASK
OF COMPETENT MANAGEMENT) IN THOSE BLOATED, NON-COMPETITIVE TIMES CONTRASTED
WITH WOBAMA’S UNPRECEDENTED FURTHER BANKRUPTING OF THE NATION AND INDISPUTABLE
FAILURE AS PRESIDENT ( Obama's Legacy: A Failed Recovery & Double-Dip
Recession Forbes /
Mariotti ‘…There will be
no significant recovery in the United States of America while Barack Obama is
President. The evidence is overwhelming: everything Obama has tried
to fuel a recovery (with his Democratic allies in Congress) has failed.
Statistics claiming jobs saved by the stimulus package were mostly fiction, and
cost American taxpayers about $275,000 each. Nearly 2-1/2 million fewer
Americans have jobs than before the stimulus. Barack Obama has been President
for 30 months—2-1/2 years. He spent the first year obsessed with passing
Obamacare, a program that doesn’t create jobs, but might destroy a lot of them.
He “bailed out” GM, but many believe that his interference didn’t save
GM; it merely cost taxpayers an extra $15-20 billion, and stole from legitimate
investors to buy off the UAW. His broken campaign promises are too
numerous to list…’). IT IS NOTHING SHORT OF TRAGEDY TO SEE PEOPLE DELUDE AND
MAKE FOOLS OF THEMSELVES IN SUPPORT OF JIVE-TALKING GRIFTER/CON-MAN OBAMA. GOOD
BYE FORMER FAILED PRESIDENT WOBAMA … GOOD RIDDANCE!
Poll: R 48%
O 44%
RASMUSSEN: ROMNEY 47% OBAMA 44%... GALLUP: ROMNEY 47% OBAMA 46%...
Dem Gov.: We're Not Better Off Now...
GALLUP: Obama Job Approval Drops to
43%... PROTESTERS VOW BIGGER CROWDS IN
CHARLOTTE... 'Occupy' encampment re-opens near Dem
convention... DNC security rules trigger free
speech worries...
KING: Obama presidency has been time
of deep Dem decline... Frustrated union leader throws empty
chair...
RECORD-HIGH LABOR DAY GAS PRICES
GREET DEMS IN CHARLOTTE...
RYAN: President 'running campaign
based on envy and division'...
GOP launches 'Obama Isn't Working'
message...
SUNDAY: Dem Gov. -- We're Not Better
Off Now... MONDAY: 'We're Clearly Better Off'...
BIDEN: 'If It Weren't So Hot I'd Go
Into Detail'...
Debt to hit $16 trillion just as
party gavel in convention... Dems to bus in black church members
from SC... ID required to attend...
'GODFATHER' TO CUT DNC TRIP SHORT... Chicago schools brace for strike...
'GOD' LEFT OUT
Dems Drop 'God' From Party
Platform... REUTERS PHOTO DEPICTS HARRY IN
HELLFIRE... Endorse taxpayer-funded abortions... DNC Video: 'The Government Is The
Only Thing We All Belong To'...
ABCNEWSWASHPOST POLL: Obama personal
popularity fading... Women Turning...
DEBT TOPS $16T... $136,249 Per Household...
FOOD STAMP USE CLIMBS TO RECORD 46.7
MILLION...
Key SOLYNDRA figure 'ran for exit'
after seeing ABCNEWS cameras on DNC floor...
UPDATE: Obama gives himself an
'incomplete' grade... POLL: Just 40% say he deserves second
term...
POLL: Less Than Half of Army Officers
in Afghanistan Report High Morale...
Panicking Spaniards Pull Out Cash,
Leave Country... Depression, Suicides Rise as Euro
Debt Crisis Intensifies... MOODY'S Changes Rating Outlook to
'Negative'...
COPS: Mother Forces 10-Year-Old Boy
To Rob House...
{ Shafique (black) and her son ran away but Lynnwood police arrested
her. They found a stolen laptop and crack cocaine. }
8-31-12
Dave’s
Daily: http://www.etfdigest.com BERNANKE SHOWS UP, STOCKS RALLY 8-31-12 { Absolutely amazing that something
that’s failed so miserably for all but the frauds on wall street, the price for
which will be paid by others now and in futuro could be an
accepted/anticipated/cheered strategy- How totally pathetic! How about real
valuations based upon real finance, economics as opposed to the fraudulent wall
street feel good from inflationary dollar debasement at everybody else’s
expense! – summary: ‘…Stocks bounced around most of the day but QE addicts are
still running the show. After all it is month-end the opportunity to window
dress is ever present.The worst measure of Consumer Sentiment, the U of
Michigan’s data was positive (74.3 vs 73.5 expected & prior 73.6). I say
it’s the worst measure because it’s weighted too heavily by stock prices. It’s
an interesting disconnect from The Conference Board’s report on Tuesday showing
a dreadful (60.6 vs 65.4) reading. The Chicago PMI (50.3 vs 50.7) was a
disappointment. Factory Orders showed a headline gain (2.8% vs -.5% prior) but
inside the numbers capital spending was 4% lower.Overseas the eurozone offered
the third straight month of gains despite dreadful economic reports each month.
The rumor du jour was that Jens Weidmann, head of the Bundesbank and a thorn in
the side of pro-bailout and QE forces in the ECB, was contemplating retirement.
That caused stocks to rally as the tough sheriff might be leaving Dodge so the
bad guys could tear up the town.One thing is clear; gold (GLD) loves QE since
it lowers the value of the dollar (UUP). And, in case you forgot, one of the
Fed’s two mandates is to protect the purchasing power of the dollar. What’s the
grade for especially given manipulated CPI data …’ Regarding the rally? There’s a blazing full, blue moon up there
which has such effect on lunatics as are on wall street and now in
nations/markets worldwide! }
‘The Bernanke Put is firmly in place.
The much awaited Bernanke speech was just a rehash of previous statements. But
others like Fed mouthpiece, the WSJ’s Jon Hilsenrath, has basically said more
QE is on the way and it’s just a matter of when. Bernanke’s own words suggest
the Fed is keen to promote higher stock prices. As he stated: “It is probably
not a coincidence that the sustained recovery in U.S. equity prices that began
in March 2009, occurred shortly after the FOMC’s decision to greatly expand securities purchases. And, that this effect is
potentially important because stock values affect both consumption and
investment decisions.” Therefore we know how he grades performance—the level of
the S&P 500. How he believes all this has helped the economy is unexplained. The Bernank has the printing press and you don’t so don’t
fight him.There was some disappointment after the vague Bernanke statement as
bulls wanted their QE now! But the spin was assured by Hilsenrath and later
luminaries like Bill Gross who stated, “QE is a certainty.”With hindsight it
was clear now why Draghi was a no show. He knew Bernanke was just going to
repeat previous statements thus shining the spotlight on him. He had nothing to
offer so he stayed home.Stocks bounced around most of the day but QE addicts
are still running the show. After all it is month-end the opportunity to window
dress is ever present.The worst measure of Consumer Sentiment, the U of
Michigan’s data was positive (74.3 vs 73.5 expected & prior 73.6). I say
it’s the worst measure because it’s weighted too heavily by stock prices. It’s
an interesting disconnect from The Conference Board’s report on Tuesday showing
a dreadful (60.6 vs 65.4) reading. The Chicago PMI (50.3 vs 50.7) was a
disappointment. Factory Orders showed a headline gain (2.8% vs -.5% prior) but
inside the numbers capital spending was 4% lower.Overseas the eurozone offered
the third straight month of gains despite dreadful economic reports each month.
The rumor du jour was that Jens Weidmann, head of the Bundesbank and a thorn in
the side of pro-bailout and QE forces in the ECB, was contemplating retirement.
That caused stocks to rally as the tough sheriff might be leaving Dodge so the
bad guys could tear up the town.One thing is clear; gold (GLD) loves QE since
it lowers the value of the dollar (UUP). And, in case you forgot, one of the
Fed’s two mandates is to protect the purchasing power of the dollar. What’s the
grade for especially given manipulated CPI data? Investing tip : Just yesterday we discussed a range of strategies to protect your
portfolio from a poor outcome post Jackson Hole. It looks like the Bernanke Put
is firmly in place so shorting seems unwise. You either don’t play or go with
the presumed next liquidity injection but you don’t need to go “balls
to the wall” especially when BRICs and others are in very poor shape
technically and fundamentally.Volume expanded on the volatile day’s action but
was still below recent standards. I suspect most traders left for the long
holiday weekend around noon. Breadth per the WSJ was positive…’ , AN
OPEN LETTER TO THE QE CROWD: GIVE UP August 31, 2012 By gpc1981 ‘ So… all of you were
clamoring that QE 3 was coming. It was guaranteed.Well guess what. It didn’t.
You were wrong. 100% wrong. All we got was the same tired “the Fed stands ready
to act” tagline from Bernanke.This was the obvious conclusion anyone who
actually bothered doing research would come to. Bernanke stated as far back as
May 2011 that the consequences of QE outweighed the benefits. He also stated a
month ago that for the Fed to buy too many Treasuries or Agencies would “hurt”
the financial system.But no, everyone and their mother was positive QE was coming
today. Nevermind what Bernanke actually says. Nevermind that food and gas
prices are near records. Nevermind that the political consequences of QE now
would assuredly cost Obama the election and result in Mitt Romney taking the
Fed to task once he was in office… QE was definitely coming today.You
were wrong. You’ve been wrong for over a year. The fact the market has ramped
after the Fed disappoints only shows how desperate the QE crowd is (“surely
this leaves the door open for QE down the road”. We’ve been through this
same tired scheme over 10 times now.It’s 100% totally and completely pathetic.
And the fact so many people buy into it is proof positive that sadly many
investment professionals don’t have a clue how to perform critical analysis or
even accurately engage with reality.So Bernanke disappointed. Next up is the
ECB. What happens if it disappoints? What happens if the whole “Central Banks
can save the day” philosophy turns out to be total nonsense? Just a thought.
One that might be worth considering given that the claims of more QE have
proven to be bogus for over a year now. On that note, I’ve already alerted my Private Wealth Advisory subscribers to a handful of investments that will
explode higher as the markets realize THE
OBVIOUS TRUTH: THE CENTRAL BANKS ARE TAPPED OUT FOR NOW…’ , Can "It" Happen
Again... Again? ZeroHedge.com { Yes! } Many have talked about it. More have eschewed it. But
Minsky's hugely important insight in asking the question "Can 'It' Happen
Again?" regarding the Depression remains critical reading for any- and
every-one who opines day-in and day-out on how much we need or do not need
Central Bank money-printing… , Charting China's 'Monetary
Policy' Impotence , Visualizing The Public Vs.
Private College Debate , Today's Mad 'Manipulated'
World Of Markets; Or "How To Fit 2 Seconds Of Trading Into 1
Millisecond!" , Europe's Scariest Chart... Got
Scarier While the general level of unemployment in
Europe is rising in a scary enough way ( more detail here ), the one really concerning data point has gone from bad
to worse. When we last looked at youth unemployment in Europe, things were stabilizing
a little, though at extremely lofty levels. With the release of July's data,
the situation has deteriorated rapidly; Euro-Zone youth
unemployment hs now ticked back up to its euro-era record-high of 22.6%
(18-year highs) . Only Portugal
saw an improvement is the rate of unemployment among the Under-25 age group
(from 37.6% to 36.4%) though it remains anarchically high. Italy was the hardest hit,
back above 35% with its largest rise in youth joblessness in 5 months , Ireland rose back above 30% for its biggest rise in 11
months as France jumped to two-year highs and Spain and Greece are
practically deadlocked with ~53% of their younger-generation out of work - new
all-time records . Why do we
worry? Why is this so scary? Two reasons - this and this . , Guest Post: Your Window to Buy
Gold Below $1,700 Is Closing Even the hardiest investors have
been lamenting that gold prices have been stuck in a rut for a long time.
Others with less experience have watched the market waiting for something to
happen... And as always, many bailed out of the market entirely, licking their
wounds. But some, have been stocking up. Regardless of the date, we're
confident that a new high in the gold price will come. The highs will come
because many major currencies are unsound, overburdened with debt, and being
actively diluted by governments . Indeed, the ultimate high could be frighteningly higher than
current levels. As such, we suggest taking advantage of prices that
won't be available indefinitely . I think we all need some of nature's cure for man's monetary ills. , Guest Post: The End Of The
Euro: When Will It Happen? In Rome, the main post office is
in a majestic old building with imposing architecture. It was a procession just
to buy a few stamps. Stand here, stand there. Take this ticket, fill out this form,
print that form. What should have taken 10 seconds took 10 minutes; the
process it took to get there was a real eye opener. They have all these fancy
IT systems, but we get the sense that this ‘technology’ just gives the post
office a veneer of modernity and sophistication without actually being
necessary or adding any value. This is typical of bureaucracy: take a simple
task, make it unnecessarily complicated, then spend a bunch of money on
technology that makes it even more complicated. Given this experience, Italy has clearly mastered
the art of unnecessarily complicating the simple . It’s no wonder they have serious problems paying the
bills. Moreover, the country’s demographic challenges indicate the country’s
fiscal situation cannot improve. Robust economies are productive… and
productivity is typically not associated with the elderly. Italy has one of the
world’s oldest populations concurrent with one of the lowest birth rates. This
trend drives an unsustainable fiscal quandary: bloated public sector bills with
lots of old people to pay pensions to, coupled with a rapidly shrinking
population devoid of young workers to pay taxes. At this point, there can
be little doubt that Italy will exit the eurozone... most likely voluntarily. A
return to the lira means the Italian government (probably to be headed by
Berlusconi once again) would be free to print currency at will. This is the
only reasonable solution remaining. When will it happen? Probably sooner than
we think. , Guest Post: The Real Reverse
Robin Hood: Ben Bernanke And His Merry Band Of Thieves Listen up, debt-serfs, you
have it good here on the manor estate. You get three squares of greasy fast-food or heavily processed faux-food
a day, and if Reverse Robin Hood and his Merry Band of Thieves is ripping you
off it's for a good reason: the predatory Neofeudalist Financial Lords need the
money more than you do, as they have a lot of political bribes to pay: it's an
election year, and the bribes are getting increasingly costly. Poor things,
we're sure you understand. Now go back to work or watching
entertainment (or "news," heh) and leave the Lords alone - but answer
these 11 questions first, before hailing the new hero. , Relying Upon The European
Numbers We fear that the data given to us by Europe
is erroneous. , Mission Intractable: ECB
Bond-Buying Plan-For-A-Plan Will Self-Destruct In 24 Hours Have no fear;
Europe closed and equities leaked so a quick series of European comments are
more than required... Bankia, check! Bank backstops, check! ECB Bond-Buying
Plan...*ECB SAID TO PLAN TO GIVE GOVERNORS BOND PROPOSALS ON
SEPT. 4
*ECB SAID TO HAVE NO PREFERRED OPTION FOR BOND PURCHASE
PLAN YET
So no real idea what they are actually
going to do. However!
*ECB SAID TO GIVE CENTRAL BANKS 24 HOURS TO DIGEST BOND
PLAN
Submitted by Tyler Durden
Perhaps it is the weight that is lifted
from having to tow the propaganda life while under the influence of the Fed,
but Robert Heller (ex Fed Governor) just laid out the 'translated' version of
Bernanke's speech this morning. "I
don't think the Federal Reserve will take any action, certainly not until the
fiscal cliff, the fiscal uncertainties are actually addressed," which is
similar to our interpretation of Bernanke's comments as he added "if
they're not addressed and the economy falls off the cliff; yes, then you may
get QE3," but "I don't see that
happening before the election!" This great interview - somewhat stunningly
truthy for CNBC - is well worth five minutes of your time (on this
ever-so-hectic Friday before Labor Day) as Heller discusses teh fading impact
of QE, the risk of enormous losses for the Fed, and the danger of believing in
a 'safe' exit strategy.
Submitted by Tyler Durden
The market is indeed a discounting
mechanism it appears. In a mere 20 milliseconds, the world's 'traders' had
managed to read Bernanke's 4549-word script, interpret it (as bearish in this
case - which apparently is wrong now?) and start to sell down the major equity
indices. As Nanex points out , not only was
the reaction lightning fast (actually faster than lightning) but it occurred in their newly created 'fantaseconds' as trades
were timestamped 'before' the bids and offers were even seen in the data-feed . How long
until the machines can interpret Bernanke's 'pre-QErimes' and really front-run
reality?
Submitted by Tyler Durden
It is no secret that having failed repeatedly at the trickle down aspect of QE1,
QE2, Op Twist 1, Op Twist 2 (and implicitly LTRO 1 and LTRO 2) as it pertains
to the man in the street (if not the man in Wall Street, who was subject to 1-2 years of
subpar bonuses which have since regained their upward trendline), the last
effort the central planners of the world, and the administration, have is to
furiously do everything in their power to reflate housing one more time,
following what is already a triple dip in home prices ever since the December
2007 start of the Second Great Depression. Which is why month after month we
get seasonally fudged, conflicted and outright manipulated data from various
sources how housing has bottomed, for real this time, and things are
finally looking up. Remember: with any con game, the key word is confidence,
and the US consumers need to regain their confidence. Sadly, as the following
very simple chart and accompanying explanation, the answer to the housing
question is only one: there will be no housing
recovery until much more debt is eliminated. $3.2 trillion to be precise. Everything else
is merely fits and spurts of upward action predicated by easy money hitting the
market either directly, or via the "REO-to-Rental" stimulus program
du jour, which lasts for a few months then promptly evaporates.
8-30-12 Dave’s Daily: http://www.etfdigest.com PROTECT YOURSELF AT ALL TIMES 8-30-12 {
Carbon-based unit indeed, Dave. Brings to mind that great first installment of
what was to breathe life into that ultimately hugely successful franchise,
‘Star Trek’; viz., the profound ‘Star Trek: The Movie’, directed by no less
than Robert Wise (‘The Day the Earth Stood Still’) himself. } There’s enough ideas about what to do now as
Bernanke steps to the plate Friday to either regurgitate familiar messages,
provide more QE, conduct more coordinated QE with other central banks or
something not imagined by this carbon based investor. And as luck would have
it, the day before this announcement the S&P 500 tested its 1400 level of
support. I think the HAL 9000s must be on autopilot for that one. September and
October are fraught with perils including eurozone drama, the Fed to U.S. elections.
What’s an investor to do? For our part we’ve moved heavily to the sidelines
given weekly DeMark 9 setups of two weeks ago. From those generally in my
experience we can just move sideways or correct nearly 70% of the time—a pretty
good batting average. Failing that a rising trend most likely occasioned by
more money printing would steamroll the indicator and most others. Let’s just
call it the “more money than brains” effect. But since you may not have our
preferred tool at this time, what are other things you might do to protect
yourself. After all, sleeping at night free from worry is important to most
investors. Never mind that greed and fear can haunt you. You could tighten your
stops if you’re long. In this environment with machines running Wall Street these
could be blown apart on any major gap down. Sure, you could use “limit” orders
and that might prevent a poor initial result but if markets continued to drop
precipitously you’re still out of luck. You could buy some put options on the
S&P but that might not be your thing. And, if you did, which should you
choose? As a former options principal my style would be to buy an “in the
money” put option with a duration beyond shortly beyond the November election.
If you’re wrong and markets rally you can close your position and write-off the
loss as the cost of the insurance premium. There are more sophisticated option
related strategies but they’re quite complex for most investors. You could buy
an inverse equity ETF like ProShares’ Short S&P 500 ETF (SH) to hedge and
perhaps just hold for a month or so given potential tracking inefficiencies. If
you’re bullish, you could put a buy stop limit order beneath the current
market, and if it falls sharply you’ll get a cheaper price—lucky you! Moving to
the sidelines is the least costly unless you’re consumed by the fear of missing
out on a big rally. This is more common than most imagine since bulls like to
tell you with certainty that you’ll miss the first move which is always the
biggest. But I’ve always reminded investors of one caveat; you’ll miss the
first move but in which direction? Since we’re always willing to short if we
have a signal to do being ready to go long or short from cash is equally as
important. So where does this all leave us? Probably just as confused and
frustrated as you. Meanwhile, back at the ranch Wall &
Broad markets sold-off as rumors persisted there won’t be QE3 because
conditions are just too good. Seriously. Jobless Claims
missed (374K vs 370 expected & prior revised higher to 374K0 allowing
headline writers to call things unchanged. Personal Income was unremarkable
(.3% vs .3% expected & prior .3%) and Consumer Spending rose (.4% vs.
.4% expected & prior .0%) meaning more spending than income. The Fed’s
favorite view is PCE (1.3% vs 1.5% prior & “core” 1.6% vs 1.8% prior) which
suggested higher prices are contained. Mrs. Bernanke doesn’t shop and “the
beard” has a limo so no worries. In the eurozone confidence dropped to 86.1,
the lowest since…wait for it, August 2009. China stocks dropped for the 4 th straight
month. Separately, copper demand from China was the lowest in 15 years—that’s
quite “ a tell ” of declining economic activity. This
is an abbreviated post targeting just a few markets since everything is
Bernanke dependent now. Volume on selling naturally rose to the highest level
this week but was still low historically. Breadth per the WSJ was
negative…’ , Clint
Eastwood to speak at the Republican National Convention: reports { Indeed he did! All is not unforgiven.
That’s a double-negative, Clint, meaning all’s forgiven ( I just wanted to
interject his oscar-winning ‘Unforgiven’ for the record, along with ‘Million
Dollar Baby’) for your pro-gay marriage, don’t give a f*** egalitarian position
(I actually thought in light thereof he was a ‘wobama man’)... 82 and still
truckin’ in a big way…what a guy…I’m impressed…he made our day! ( There are
some detractors, talkin’ this and that about his speech; but, the point is that
Clint’s doing it, not just talkin’ about it! ) Well Done, Clint! I’m also adding here for the record the fact
that Robert Duvall did a fundraiser for President Romney with First Lady Ann
Romney; and, had an underrated, underappreciated superb (less than big budget)
film of his own, ‘Assassination Tango’, which in light of nuanced performance
and attention to detail deserved greater attention and acclaim ( any guy whose
been offered a free poke from Diane Lane [‘Lonesome Dove’] and loves the smell
of napalm in the morning [the great ‘Apocalypse Now’] is more than okay in my
book). And, Jon Voight: The Advocate … Who woulda thunk it? Cogent and
relevant! } , Tokyo court rules that Samsung
did not infringe on Apple patent AP { This is a very big deal!
} ,
More Bad News Imminent: August
US Auto Production Set To Plunge By Most In 16 Months , What Americans Actually Do All
Day Long - In Three Charts
ZeroHedge.com The average
American spends 9 hours, 12 minutes, and 36 seconds 'Working & Commuting'
on an average workday. Wonder what they do with the rest of their precious
'unproductive and non-tax-providing' day?
http://albertpeia.com/whattheydo.png , Guest Post: Paul Krugman’s
Mis-Characterization Of The Gold Standard With a price hovering around $1,600 an
ounce and the prospect of "additional monetary accommodation" hinted
to in the latest meeting of the FOMC, gold is once again becoming a hot topic
of discussion. Krugman, praising 'The Atlantic's recent
blustering anti-Gold-standard riff , points to gold's
volatility, its relationship with interest rates (and general levels of asset
prices - which we discussed here . These criticisms, while containing empirical data, are
grossly deceptive . The information provided doesn’t support
Krugman’s assertions whatsoever. Instead of utilizing sound economic
theory as an interpreter of the data, Krugman and his Keynesian colleagues use
it to prove their claims. Their methodological positivism has lead them
to fallacious conclusions which just so happen to support their favored
policies of state domination over money. The reality is that not only has gold held its value over
time, those panics which Krugman refers to occurred because of government
intervention ; not the gold standard. Keynes himself was contemptuous
of the middle class throughout his professional career. This is perhaps why he held such disdain for gold . ,
Charting The Unprecedented
'HFT-Driven' Rise In Intraday-Trading Volatility , The Election: It's The
Food-Stamps, Stupid!
, As Bank Profits Plunged In
2011, Banker Bonuses... Rose
, ECB's Asmussen 'Double-Speak'
Confuses Algos But Rajoy Gets The Message , Guest Post: On Switzerland And
The Mafia A few weeks ago,
western governments' war on productive people took an interesting twist when US immigration authorities detained two teenage children
of an asset manager based here in Switzerland . The kids were
traveling through the United States by themselves to visit extended family, and
they were interrogated for six hours about their father's business and
whereabouts. During the six-hour ordeal, the children were not allowed to
contact family members who were waiting for them, nor any sort of attorney or
advisor. This 'guilty until proven innocent' approach is the same sort of
special treatment reserved for suspected terrorists. The only difference is
that you don't end up in Guantanamo. Free societies do not treat people this
way . Hell, most criminal networks don't even treat people this way. And while it may raise a few bucks in the short run, in the
long run it's counterproductive. People adapt. They create underground,
cash-based economies. They leave. Foreign investors stay away.
Posted on August 30, 2012 by News
Lockhart said that more easing in
September was going to be a “close call,” reiterating that action was data
dependent in saying, “If we were to see deterioration from this point, let’s
say a persistence of job growth numbers that were well below 100,000 per month,
or see signs of disinflation that could signal the onset of deflation, then
there wouldn’t be much of a question about policy.” Those data have not been
quite that bad of late, suggesting perhaps the Fed might indeed be looking to
keep its powder dry for the time being.
Nonetheless, the market will be hanging
on Bernanke’s every word when he speaks in Jackson Hole on Friday. They’ll be
hoping to glean additional clues as to the likelihood of further Fed measures in
September, or whether they should just start looking forward to the October
FOMC meeting.
Our own Mike Kosares, wrote a couple
really good posts on the Breaking News Page yesterday on the topic of QE3:
One man’s opinion on
Bernanke’s QE3 quandary
Follow up question: How would
the lack of QE3 affect the gold market?
As I’ve stated in the past, the
direction gold ultimately takes is not wholly dependent on whether there is a
QE3 or not. Mike apparently agrees, calling QE3 a “huge distraction and a short
term consideration that takes away from the real reasons why the gold price
might rise in the years to come.”
The speculation about additional ECB
measures continues to rage as well. Both business and consumer confidence in
the eurozone plunged to 3-year lows in August, upping the pressure on ECB chief
Mario Draghi to find a way to provide additional stimulus without enraging
core-Europe…and specifically the Germans.
• US initial jobless claims UNCH at 374k
for the week ended 25-Aug, above expectations of 370k, vs upward revised 374k in
the previous week.
http://theeconomiccollapseblog.com
http://albertpeia.com/proscons50states.htm
/ California: Pros: Disneyland,
warm weather, Malibu Cons: high taxes,
Jerry Brown, earthquakes, mudslides, wildfires, gang violence, crime, traffic,
rampant poverty, insane politicians, ridiculous regulations, bad schools,
political correctness, illegal immigration, not enough jobs, air pollution,
multiple nuclear power plants, possible tsunami threat along the coast, Los
Angeles, San Francisco, Oakland, Stockton, Sacramento, huge drug problem, high
population density, the state government is broke, many more reasons to leave
California right here
http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm http://albertpeia.com/hopelesscluelesscalifornia.htm Overall Rating: F }
8-29-12
Obama Has Stolen $5.3 Trillion
From Our Children In Order To Make Himself Look Good http://albertpeia.com/obamastole5plustrillionfromuschildrentohidehisfailure.htm ‘Barack Obama has destroyed the future of
America in order to improve his chances of winning the next election.
Under Obama, 5.3 trillion dollars has been ruthlessly stolen from our children
and our grandchildren. That money has been used to pump up the
debt-fueled false prosperity that we have been experiencing. When the
U.S. government borrows money that it does not have from someone else (such as
China) and spends that money into the economy it is going to make our economic
numbers look better…By the end of Obama's first term, the U.S. national debt
will have grown more than it did from the time that George Washington became president
to the time that George W. Bush became president…’ , Citigroup Has The Best Summary
Of Europe's Fiasco Yet: "Losses Are Unquantifiable" ZeroHedge.com Feel like every day Europe
is juggling hot potatoes? You are not alone . As the
following graphic summary from Citi's Matt King (whose insight into Europe,
liquidity conduits, shadow banking and a comprehensive picture of modern financial
"innovation" has rapidly become second to none) shows, the hot potatoes are getting hotter by the minute , and are
flying ever faster and higher. But the kicker: King has the best punchline on
Europe we have yet encountered: "Losses are unquantifiable"
Q.E.D. , Guest Post: Boom and Bust -
The Evolution Of Markets Through Monetary Policy The outcome of the next round of monetary
policy will be similar to those in recent history mentioned in this paper... "Perceived inflation will go through the roof. We’re
talking about near 0% interest rates around the developed world (near-term
rates in Germany hit 0% in the auction at the end of May and are expected to go
negative). Oh yeah, and massive inflation. I think gold will have no trouble hitting $3,000/oz in the
medium-term and I see copper tripling over the next decade.
This is, of course, until we hit the next bubble sometime around 2018 and start
over again. The trend remains: since the stock market crash of 1987,
through the dotcom bubble, and into the real-estate & stock market bubbles
of 2007, each euphoric high and
ensuing crash have been more extreme than the last . These
extremes are fueled by the easing that is meant to cure us. The policy
that we are facing within the coming months/years will, as the trend dictates,
trump them all, and so inevitably will its hangover." , Draghi’s Master Plan Matrix Following the dismal failure of Draghi's
OpEd this morning (which we assume was a reprint of his much-anticipated - and
now cancelled - speech from J-Hole) to jawbone anything but a very brief pop in
EURUSD, we thought it useful to aggregate all the great-and-good deeds the ECB elder is considering (and
why) . Europe remains in a long-term deleveraging phase (as much of the
developed world finds itself). This lack-of-demand for credit has crushed the so-called 'money-multiplier in Europe , just as it
did in the US (which we discussed in detail here
as worse than the Depression ); as banks have simply stockpiled the vast sums of
LTRO/ECB-collateralized funds . This has left him feeling less than
his normal omnipotent self and so he is forced to act even more extremely (or
talk about acting that way). The following matrix from Morgan Stanley outlines
his policy options under various scenarios as we note few (aside from a rate
cut) are actionable in the short-term, and even fewer are likely to make any
difference to this long-term deleveraging-cycle , VIX Rises, Equity Futures
Fall, Volume Disappears (Again)
, Your Tax Dollars At Work: The
US Budget Visualized For Congressional Dummies With a $3.8 trillion yearly budget, the US
Government is the most powerful entity in the world. This simple infographic shows how the
money was spent. , Guest Post: Doug Casey
Uncovers The Real Price Of Peak Oil
Doug Casey is of the opinion that the Hubbert peak-oil theory is correct . In the 1950s,
M. King Hubbert projected that US oil production would start declining in the
1970s, and he was accurate. Then he projected that in the mid-2000s, the
world's production of light, sweet crude would start declining. He was quite
correct about that, too. There will always be plenty of oil at some given
price, but to produce oil – even conventional, shallow, light sweet crude – now
costs close to $40/bbl in many places. Drilling in politically unstable jurisdictions with sparse infrastructure
is neither cheap nor fun. We're talking about production costs of at least
$80/bbl in many cases . In an industrial world with seven billion people, the
only energy source that makes sense is nuclear power. Sure, you can use wind and solar from time to
time and in certain places. But those technologies are extremely expensive, and
they absolutely can't solve the world's energy problems . , Chart Of The Day: From
Pervasive Cheap Credit To Hyperinflation , Place Your Bets The Chinese Stock Markets are returning to
the lows of 2009 and the Europe is mired in a recession. The American Stock Markets
are not far off their highs and we do not think this will continue. Mark Grant
is quite negative, for all kinds of reasons, about our equity markets now and
would be taking profits and returning to the more assured bets of getting yield
from bonds and not from dividends. A dividend may be reduced or cancelled
by the wave of some Boards’ hand one afternoon while senior debt cannot be
cancelled without the company or the municipality going into bankruptcy so that the top of the capital structure is far safer than
relying upon dividends for income. In the next sixty days we are
faced with Greece, Portugal, Spain, Italy and ECB issues that are quite serious
both economically and politically. You may think what you like but there is a
lot of risk on the table; of that you may be assured. When someone says, “Buddy can you spare a dime” we would
like to be the one being asked and not the one doing the asking . It is here
where we stand and wait.
European Bank Run Watch:
Spaniard Edition
Reggie Middleton The Spanish
bank run has started - as was explicitly warned about 6 months ago! , JaCKSoNHoLe 2012 williambanzai7 Another year, another central planning pipe dream... , Three Questions for Mario
“bumblebee” Draghi
Phoenix Capital...
Mr Draghi… a few questions for you…
ZeroHedge.com by Tyler Durden
Hurricane Isaac
Whips Storm Surge on Path to New Orleans ( Bloomberg )
Republicans Vow
to Transform Obama’s U.S. With Low Tax, Freedom ( Bloomberg )
Little-known
Ryan to take center-stage at Republican convention ( Reuters )
An $800 billion
stimulus tempest in a teapot: China State Researcher: Local Govt Investment
Plans Largely Symbolic ( WSJ )
China Says
Payment Delays, Defaults May Worsen ( Dow Jones )
G-7 Countries
Call for Increased Oil Output to Meet Demand ( Bloomberg )
Creeping
Socialism: Clegg calls for emergency tax on rich ( FT )
United Airlines
computer problem delays 200 flights ( Chicago Sun Times )
Paulson,
Investors Avoid Fireworks Despite Brutal Run ( Bloomberg )
Occupy Sets
Wall Street Tie-Up as Protesters Face Burnout ( Bloomberg )
The nostalgic
grass is always greener: Serbia Joblessness Swells as Milosevic-Era Leaders
Return ( Bloomberg )
Into the Meat Grinder: A
“Market Meltdown the Likes of Which We’ve Never Seen Is Upon Us”
Mac Slavo | America is about to be put
through the meat grinder and despite what President Obama or Governor Mitt
Romney say they will do to fix the fundamental issues facing our country, the
end result is inevitable.
8-28-12
Dave’s
Daily: http://www.etfdigest.com ‘QE QUESTIONS { To QE or not to QE, that is the question…whether it is nobler
in the mind to suffer the slings and arrows of outrageous destruction of
fortunes … ah, yes … good choice Dave … I know those soliloquies by heart…and
now, a little Lewis Carroll with a mad hatter none other than
helicopter-ben-shalom-bernanke … } 8-28-12
It’s not like words fail me, it’s that volume and waiting do. Yesterday
I didn’t post as volume on much watched SPY was only (cough) 65M shares. That’s
even less than a half-day holiday-like trading. Markets followed by doing
little. What’s the point of even discussing it? As long as economic data
dominates without market reaction it’s hard to write much. I may continue light
posting until Friday if this persists. All eyes are glued to whatever hints
develop before Jackson Hole and events that follow in rapid fire succession in
September. Traders (wish I had done the same) have taken the last two weeks of
August off. That in itself isn’t unusual but this lack of action is extreme.
Clearly those less fortunate junior traders have been left in foxholes to defend
the market status quo. Both bulls and bears are essentially sidelined. The
Fed’s oracle, Hilsenrath is awaiting orders and targeted leaked information to
assuage investors causing algos to jump or not. Early on it was noted the ECB’s
Mario Draghi would be making an appearance and might have been the star of the
Jackson Hole show. But today he backed out. Some have rationalized this to mean
he either didn’t want to steal the limelight from Bernanke or he had no ability
to confirm previous statements to “defend the euro at all costs” and etc.
Perhaps this might mean in Bernanke’s speech Friday he will reveal new actions.
If he has the authority to implement another round of QE he must have gotten
votes to do so via a conference call with other voting Fed governors. But I
speculate. Spain’s GDP shrunk once again to -.4% which seemed generous given
the news backdrop. The Catalan province “demanded” a €5 billion bailout
“without” any conditions. (Beggars are now choosers.)The Basel Group is now
under direct ECB pressure to relax new liquidity rules for banks which some
might surmise would allow for additional misbehavior.Not to be left out, Japan
is lowering its GDP estimates but can’t really find a firm number to assign to
it. Let’s just say things aren’t good.In the U.S. Consumer Confidence imploded
(60.6 vs 65.8 expected & prior 65.9) or a 9 month low. This was quite
stunning and may be the result of rising gas prices and ongoing joblessness.
You wouldn’t have known this by the Consumer Discretionary sector (XLY) which
rallied on the news. This reflects the “bad news is good” theme for QE pimps.
Bulls liked that Home Prices rose .9% or the same as in June although it seems
to me this is the season for home buying. But even Shiller commented that
improvement was nice but there wasn’t a rush to buy. The Richmond Fed Index was
better but still weak at -9. http://albertpeia.com/consumercon.png Wednesday will feature U.S. GDP data,
Corporate Profits and Pending Home Sales. This is an intense week for economic
data although the featured player remains the Bernank.The dollar (UUP) was weak
while gold (GLD) and silver (SLV) were higher. Oil (USO) was only slightly
higher keeping commodity tracking ETF (DBC) only slightly better on the day.
Bonds (IEF) once again rose on the weak overall economic data.Stocks limped
along throughout the day Tuesday closing mostly unchanged. Volume was once
again ultra-light and breadth per the WSJ was mixed overall…’ , Drudgereport: Gasoline To Hit Labor Day Record
Price... ,
Is There Going To Be A Stock
Market Crash In The Fall?
http://albertpeia.com/stockmarketcrashcoming.htm { Short answer, YES! If there’s still any
rationality left in these stock markets! }
, FOUR REASONS WHY THE FED WILL
NOT ANNOUNCE QE 3 THIS FRIDAY gpc1981 http://albertpeia.com/4reasonsnoqe3.htm , $16,OOO,OOO,OOO,OOOBAMA! ZeroHedge.com November 16, 2011 was a historic
date: that's when the US officially surpassed $15 trillion in debt for the
first time since World War 2. We celebrated it by cheering
$15,OOO,OOO,OOO,OOOBAMA. Today, August 28, 2012, is when we can un officially
celebrate again, because 286 days after the last major milestone was surpassed with
disturbing ease, total US debt following today's $35 billion auction of 2 Year
bonds is, well, in a word: $16,OOO,OOO,OOO,OOOBAMA! , Judgment Day For The Euro And
What's At Stake Europe and the world are eagerly awaiting
the decision of Germany’s Constitutional Court on September 12 regarding the
European Stability Mechanism (ESM), the proposed permanent successor
to the eurozone’s current emergency lender, the European Financial Stability
Mechanism. The Court must rule on German plaintiffs’ claim that legislation to
establish the ESM would violate Germany’s Grundgesetz (Basic Law). Nobody knows
how the Constitutional Court will rule on these objections. It is good that the
Court’s decisions cannot be forecast, and even better that the Court cannot be
lobbied or petitioned. The
European Union can be based only on the rule of law. If those in
power can break its rules on a case-by-case basis, the EU will never develop
into the stable construct that is a prerequisite for peace and prosperity. , The 'Euphoric' Economy And Why
'They' Didn't See It Coming
We are often asked for glossaries or background posts to help in the
comprehension of how-we-got-here?, where-here-is?, and where-we-are-going? We
hope that our posts, while diverse in nature, build upon one another and
provide an educational platform for all levels of market/economy participant
(active traders, passive investors, and working / non-working citizens alike)
but as far as a succinct primer on how
broken the status quo is and the 'euphoric' economy that very few could see
through their Keynesian "debt doesn't matter" blinders , Steve Keen's
introductory lecture at UWS is perhaps the most complete soup-to-nuts
discussion we have seen recently. From the OECD's total ignorance to
Bernanke's 'Great Moderation' miss; from economic 'religion' to science; and
from Keynes to Minksy , Keen explains, in language even Chuck Schumer could
understand, how more debt doesn't solve too much debt, how stability breeds
instability, and why the US won't be finished deleveraging until 2025 (at this
rate). , The Ultimate Visualization Of
Australia's Housing Bubble
, Guest Post: China's Difficult
Choice Over the weekend,
we pointed out that the old mechanism for the People’s
Bank of China to expand its balance sheet and create base money has been broken by new funds
flow pattern, and it will sooner or later require some sort of large scale
asset purchases programme a.k.a. quantitative easing to offset the
impact of the broken mechanism (after other tools such as cutting RRR reach
their limits). However, we also mentioned that as the private sector is currently
quite overstretched and will start the deleveraging process (if they have not
already started) , and that would render traditional monetary tools
useless, and quantitative easing ineffective. And that would necessitate
deficit spending at both local and central government levels. If we have read
the social mood correctly that China
might be more pro-austerity than pro-Keynesian , and if
policymakers indeed share that view, then the consequence in the near term
could be rather grim. The delay in stimulus as well as the small size of it so
far has already done damage, if you like. The economy , China's 'Non-Performing Loan'
Nightmare , From Hard Landing To Train
Crash, All Chinese Indicators Have Slammed On The Brakes , Guest Post: The New Endangered
Species: Liquidity & Reliable Income Streams , Drought Crop Update: From
Harsh Expectations To Harsher Reality
, Despite Record High Stocks,
Consumer Confidence Crashes to 9 Month Low , Case Shiller Home Prices Beat
Expectations, Rate Of Increase Slows
, Guest Post: The Rot Runs Deep
2: Don't Call Out My Scam And I Won't Call Out Yours
"Everybody's going to war but
we don't know what we are fighting for."– Nerina Pallot, from "Everybody's Gone to War
All sides in the coming conflict –
except for the civilian populations and the soldiers maimed and killed –
believe they will benefit from a limited war in the Middle East if everything
goes according to plan. However, nothing ever goes according to plan in
wars and this is the problem the world will face . Prolonged recession or depression, wealth and benefit
confiscation throughout the EU, US and other Western democracies and the risk
of a Middle East conflict spreading around the world is our fear. Who is
guaranteed to win regardless of the outcome of the war and whether it can be
contained? The Anglo-American financial elites and the bankers
always win every conflict regardless of the military outcome. This is the
history of the 20th century and we see no reason that will change now. Henry Paulson Confronted on
Threatening Congress With Martial Law
We Are Change | Paulson’s
cronies strong arm citizen journalists to prevent questions to former Treasury
Secretary and Goldman Sachs executive.
It Is Not Just Your
Imagination – American Families ARE Getting Poorer
The
Economic Collapse | Did you know that median household income in the United
States is lower today than it was when the last recession supposedly ended?
Breaking Evidence in Gov’t
Fraud Revealed
Infowars.com | The U.S.
Government is the world’s largest buyer of goods and services.
Will the next iPhone replace
your wallet? Apple set to take on Google with chip that could let you pay with
a wave of your handset
UK
Daily Mail | The iPhone has already replaced digital cameras, MP3 players and
portable games consoles for most owners.
Whispers on Wall Street: Major
Financial House Is Going to Implode… Could It Be Morgan Stanley?
Mac
Slavo | Before the collapse of mega behemoth Bear Stearns there were rumors
that a major Wall Street firm had bitten off more than it could chew.
Summer Is Over With A Bang As
Bomb Explodes Outside Greek Bank
Zero
Hedge | A makeshift bomb exploded outside a National Bank of Greece branch in
Athens early on Tuesday, causing minor damage but no injuries, police said.
Feds: Too few Americans ‘turn
to government for assistance’
Washington
Examiner | More Americans rely on their families for assistance than the
government, so federal officials have undertaken an effort to help people to
apply for federal assistance.
Blunt
Christie tells Republicans it's time to face fiscal truth - TAMPA,
Florida (Reuters) - New Jersey Governor Chris Christie accused Democrats of
refusing to tell Americans the truth about the depth of the country's deep
fiscal woes on Tuesday in a pugnacious...
{ I had no idea Gov. Christie
was a former federal prosecutor. Maybe he could find out what happened to asst.
us attorney Jonathon Lacey, the files/documents/exhibits etc., from as well,
former us attorney alito and fed judge maryanne trump barry, former us trustee
leonard … http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm }
8-27-12
Doug Casey Predicts Day of
Economic Reckoning Is Near
(Casey Research 8-27-12) http://albertpeia.com/caseysayseconomicreckoningnear.htm ,
ANGELA MERKEL JUST REVEALED THE TRUTH ABOUT EUROPE gpc1981 http://albertpeia.com/truthabouteurope.htm , It Is Not Just Your
Imagination - American Families ARE Getting Poorer http://albertpeia.com/americansgettingpoorer.htm , A Flashing Warning On The
"Unintended Consequences" Of Ultra Easy Monetary Policy From... The
Fed?!
Zerohedge.com , Guest Post: The Endless War:
Saudi Arabia Goes On The Offensive Against Iran , When Channel-Stuffing Comes
Home? GM 'Idles' Volt Production (Again) , Why Paul McCulley Would Be
Shorting The Economy With Both Hands Right Now According to the plethora of long-only
managers willing to trot out on the public stage and beg for more commissions,
the US has been (and will remain) the cleanest-dirty-shirt in the global risk
asset laundry basket; but as David Rosenberg of Gluskin Sheff points out not
only has the S&P 500 hit a new record high in its total return index but it
also possesses a rather 'ebullient'
valuation premium (2012E P/E) of 13.8x relative to China 9.8x and Europe 11.4x . However,
while this is more than enough to slow some investors from backing up the
long-truck, Rosie goes on to highlight a very worrisome indicator - that
favored by ex-PIMCO's Paul McCulley. The YoY trend in the three-month moving average of core capex orders
(which was updated last Friday) has just cracked negative, crushing the hopes
of US growth prospects and we assume equity superlatives.
However, since the market no longer reflects anything; certainly not the
economy, but merely who will ease more when and how, one really can't short
much if anything, even if McCulley is 100% spot on. , Stocks Stumble Despite AAPL's
Best Efforts Not even the
almighty power of AAPL could bring to bear a positive end to the day for the
S&P 500 or the Dow. Most notably, the Dow Transports are now -2.3% from the
highs last Tuesday and diverging aggressively lower. Volume was simply
incredibly low today (with London close) in NYSE and S&P 500 e-minis where
volume was its lowest of the year by a long-way. VIX soared today, up over 1.2vols to 16.4% with some
major put-spread buying in SPY . The afternoon weakness in gold,
silver, stocks broadly (and specifically Materials, Industrials, Discretionary,
and Financials) tend to indicate a QE-off move but Treasuries (which rallied
2-4bps) were largely unmoved in the afternoon. The USD limped higher also
(QE-off) all afternoon but ended the day practically unchanged with AUD weakness the standout . Oil was
volatile as Isaac was downgraded, cracks were arb'd, and SPR-release rumors
swung it around - though the economically-sensitive commodities all clustered together at the close around
-0.5% . , Lies, Damned Lies, And
Pianalto's QE/Deleveraging Lies
We tried to bite our tongue; we ignored some of the sheer hypocrisy of
Cleveland Fed's Sandra' oh Sandy' Pianalto (that QE2 was a definitive success in 2010 but now LSAPs
require more analysis of costs and benefits); but when she started down the
road of praising the US consumer for deleveraging we had enough. In the
immortal words of John Travolta: "Sandy, can't you see, we're in
misery" as while she notes consumers
cutting back on credit card debt (due to forced bankruptcies we note), Consumer
debt has only been higher on one month in history! Soaring auto
loans and student debt should just be ignored? There is no deleveraging - Total US
Consumer debt is 0.23% from its all-time high in mid-2008, and will with all
likelihood break the record at the next data point. Meanwhile her speech, so
full of careful-not-to-over-commits can be summed up by the world-cloud that
shows the six words most prominent: 'Monetary Policy', 'Financial Conditions',
and most importantly 'Credit Economy'. Here's the deal: Consumer Debt is
Consumer Debt. , When It All Goes Bidless: What
Losing $1 Billion In 100 Milliseconds Looks LIke , Dallas Fed Beats On Hope Alone
As Prices Paid Jump Most In 19 Months
, China Stocks Drop To Fresh
Post-2009 Lows Following Plunge In Industrial Company Profits , Germany Loses Confidence For
The Fourth Month In A Row
Submitted by Tyler Durden
UK is closed
today
Weidmann Says
ECB Purchases Could Become ‘Addictive Like a Drug’ ( Bloomberg )
Dutch Premier
Rutte Defends Austerity, Says No to More Greek Aid ( Bloomberg )
Storm Isaac
forces Republicans to rework convention script ( Reuters )
Ayrault warns
EU fiscal pact rebels ( FT )
Is Canada's New
$100 Bill Racist? ( BusinessWeek )
Will Fed Act Again?
Sizing Up Potential Costs ( WSJ )
Samsung Slumps
Most in 4 Years on U.S. Sales Ban Concerns ( Bloomberg )
States may
require insurers to hold more capital ( WSJ )
Wen Says China
Need Measures to Promote Export Growth ( Bloomberg )
Economist
Appearing On Max Keiser Show Forced To Resign ( Forbes )
8-24-12 Dave’s Daily: http://www.etfdigest.com ‘THE FED’S ORACLE KEEPS STOCKS GREEN 8-24-12
With stock markets actually threatening a red week enter the Fed’s
oracle, the WSJ’s Jon Hilsenrath with a Bernanke regurgitated “stick
save” QE algos glommed on which rallied stocks. For non WSJ
subscribers Bernanke stated nothing new and just repeated the Fed is ready to
provide accommodation using more tools. We already know this. Stocks are being
propped by some invisible hand to keep things near to where they need be before
TPTB act on QE, bailouts and other stimulus. September will be an interesting
month to say the least. More QE has only helped stocks for as long as the
actions last because they provide liquidity to money center banks which then finds
its way to trading desks and other actors. Overall, Fed actions have scored an
“F” on its twin mandate: high employment and protecting the purchasing power of
the dollar. Durable Goods Orders headline beat (4.2% vs 2% expected and
ex-transport -.4%). However inside the number core capital goods orders dropped
3.4%, and that’s ugly. Meanwhile in the eurozone the ECB is awaiting the German
courts to decide whether the ESM is constitutional (most think the court will
allow it) before they undertake any bond buying. Further there is no current
plan to engage in bond buying. Merkel’s top ally in her party
stated the Greek deal can’t be renegotiated. And, the German finance ministry
is studying a Greek exit costs. As
noted yesterday earnings and revenue beats from 2,300 stocks have been as weak
as 2009. Not a good thing. It’s Friday and we needed the week to close green so
conditions reversed overall. The dollar (UUP) was up slightly, gold (GLD) was
flat overall and commodity (DBC) prices were mixed. Bond (IEF) were only slightly lower with the stock market rally. Volume
was once again ultra-light as the Hilsenrath article got the algos going.
Breadth per the WSJ was positive…’ , AN OPEN LETTER TO
THE MSFM: QE 3 ISN’T COMING, GIVE UP By gpc1981 http://albertpeia.com/qe3notcoming.htm , Guest Post: Trading on
Yesterday's News – What Does the Stock Market Really 'Know'? ZeroHedge.com We have critically examined the question of whether the stock market 'discounts' anything on several
previous occasions. The question was for instance raised in the context of what
happened in the second half of 2007. Surely by October 2007 it must have been
crystal clear even to people with the intellectual capacity of a lamp post and
the attention span of a fly that something was greatly amiss in the mortgage
credit market. Then, just as now, both the ECB and the Fed had begun to
take emergency measures to keep the banking system from keeling over in August.
This brings to mind the 'potent directors
fallacy which is the belief held by investors that someone –
either the monetary authority, the treasury department, or a consortium of
bankers, or nowadays e.g. the government of China – will come to their rescue
when the market begins to fall.
'They' won't allow the market to decline!' 'They' won't allow a recession to
occur!' 'They can't let the market go down in an election year!' All of these
are often heard phrases. This brings us to today's markets. Nowadays, traders
are not only not attempting to 'discount' anything, they are investing with
their eyes firmly fixed on the rear-view mirror – they effectively trade on yesterday's news . { It bears repeating
that never in history have the markets become so disconnected from fundamental
finance, valuation, an reality and so completely and utterly fraudulent. I
believe that computerization facilitating multiple frauds at lightning speed,
over and over again and again along with re-hypothecation of already worthless
paper at similar speeds is in part the reason for the prevalence of such fraud
along with the breakdown of american among other societies into what yesteryear
would have been scorned as ‘banana republics’ without any meaningful rules of
law whatsoever and pervasive, almost blatant, corruption at every level. (This is not to
blame computers for the bad use they’re put to.) } , On This Week In History, Gas
Prices Have Never Been Higher
Of course, we are sure this will not weigh on Bernanke's decisions in
the next week or two but for all those who don't see inflation, courtesy of John Lohman , gas prices have never been higher during this third
week of August. We remain flabbergasted that in the Wizard of Washington's
recent defense of QE, there was no
mention of record high gas prices as justification for it 'working' and it would
appear that 'transitory' means something different than us mere
un-omnipotent-beings can comprehend.
, Guest Post: Does the Bank of
England Worry About The Cantillon Effect? The empirical data is in. And it turns out
that as we have been suggesting for
a very long time — yes, shock horror — helicopter dropping cash onto the
financial sector does disproportionately favour the rich. Here are four simple
questions to the venerable Bank of England (just as applicable to any and every
Central Banker); and sadly, we expect to see the announcement of more
quantitative easing to the financial sector long before we expect to see
answers to any of these questions.
, Forsaken And Forgotten http://albertpeia.com/forsakenforgotten.htm , Discount Rate For Banks: 0%;
Discount Rate For The "Rest Of US": 400%; For Everything Else There's
TaxpayerCard When your local
friendly Too-Big-To-Fail bank needs a 'helping hand' loan to get through
pay-day or buy some extra S&P futures, it picks up the shiny red phone and
asks Ben for unlimited access to free money. When the 'rest-of-us' need a
little extra - to get through the next week before our pay-check hits, we call
this guy - who charges a 400% APR. The Central Bank Discount Window - Priceless . , Guest Post: Why You Always
Want Physical Everything
Simon Black recounts a recent experience as he pulled in to a gas
station in Italy; he whipped out his American Express card and asked the
attendant in broken Italian to turn on the pump. He acted like Simon had just
punched him in the gut, wincing when he saw the credit card. "No... cash, only cash," he said. I
didn’t have very much cash on me, so I drove to the next station where a
similar experience awaited me. This
is a trend that is typical when economies are in decline– cash is king . Businesses
often won’t want to spend the extra 2.5% on credit card merchant fees... but
more importantly, distrust of the banking system and a debilitatingly extractive tax system pushes people into
cash transactions . You can’t really blame them. , Gold And Silver Win The Week
As Dow Sees First Weekly Loss In Seven
Volume was dismal - aside from a massive surge in S&P 500 e-mini
volumes as the combo Bernanke bluff and ECB bond-band-rumor hit the tape and
exploded stocks up from two-week lows. A late-day attempt to close the S&P
green for the week failed and the Dow ended with its first down week in seven
weeks - and largest loss in nine weeks - despite a magnificent
centrally-planned triple-digit gain today (+100.1pts!) Stocks were 'aided' by new cycle highs in HYG as it saw its
best performance in a month - amid massive fund inflows and heavy issuance
(notably outperforming credit spreads in CDS land). The shift in HYG does look
like some convergence trading with SPY though - after a month of
flat-lining. Gold (and even more so Silver) were the week's big performers (up
3.35% and 9.25% respectively) even as the USD only lost 1.1%. Treasuries ended
the week better by 9 to 14bps (considerably different from stocks relative
performance). The week was characterized
simply as stocks bouncing between QE-off (Treasury strength) and QE-on (USD
weakness and Gold strength) - on de minimus volumes. , Thank You Wall Street Thanks for everything... http://albertpeia.com/thanksfraudulentwallstreet.png
Friday, August
24, 2012
Major ETFs Erase Morning
Losses On Bernanke Letter at Investor's Business Daily (Fri
6:25PM EDT)
[video] Markets Gear Up for
Bernanke's Jackson Hole Speech at TheStreet (Fri 5:21PM EDT)
The Expense Ratio Isn't
Everything at Forbes (Fri 4:42PM EDT)
Bernanke Letter Gives Stocks A
Lift To Close Rocky Week at Forbes (Fri 4:10PM EDT)
Troubling Times Ahead As Euro
Politicos Finally Finish Vacations at
Forbes (Fri 4:04PM EDT)
STOCKS RALLY AFTER CENTRAL
BANK RUMORS FLY: Here's What You Need To Know Business
Insider (Fri 4:00PM EDT)
August 24, 2012 Market Summary at
Investopedia (Fri 3:48PM EDT)
[video] Commission on Deficit
Reduction Co-Chairs on Fiscal Cliff at
TheStreet (Fri 2:00PM EDT)
Big Money Turning Extremely
Bullish: Najarian at CNBC (Fri 1:32PM EDT)
Markets Hub: Euro, Stocks
Growing Apart at The Wall Street Journal (Fri 1:21PM EDT)
Markets Hub: With Stocks
Stalled, Is a Correction Next? at The Wall Street
Journal (Fri 1:07PM EDT)
S&P 500 ETF’s Six-Week Up
Streak in Jeopardy ETF Trends (Fri 12:50PM EDT)
InPlay: SPX notches new session highs with rel. strength
in financials & banks- XLF, & REITS- IYR, ICF; SPX currently trades
1410.20 +8.12 (+0.58%) Briefing.com (Fri 12:47PM EDT)
Big index trade looks for
rally into yearend optionMONSTER (Fri 12:01PM EDT)
Stocks Rise on Stale European
Rumor, Again at The Wall Street Journal (Fri 12:01PM EDT)
Republicans eye return to gold
standard
Financial Times | “A return to
a fixed money supply would also remove the central bank’s ability to offset
demand shocks by varying interest rates.”
American Incomes Are Falling
And Near-Retirees Are Getting Crushed: Study
Daily Ticker | Now, the
median income has fallen to about $51,000.
Dennis Gartman Just Dumped All
Of His Stocks
Business Insider | Dennis
Gartman said he had made a mistake reducing the size of his long position.
Odds of Global Recession Are
100%: Marc Faber
CBNC |
When you look at the major economies, Europe, the U.S., China and the emerging
markets that are dependent on China for growth, Faber, aka Dr. Doom, only sees
weakness.
Gold in the GOP Platform?
Lew
Rockwell | In one sense, this is a tribute to Ron, and his endless efforts to
educate us all about sound money.
8-23-12
Dave’s
Daily: http://www.etfdigest.com ‘ACCIDENT PRONE RALLY 8-23-12 Jobless Claims rose (372K vs 365K
expected & prior revised higher again to 368K). Claims have been revised
higher for 32 consecutive weeks. The PMI Mfg Flash Index rose slightly (51.9 vs
51 expected & prior 51.8). The Bloomberg Consumer Comfort Index fell (-47.4
vs 44.4 previous). New Home Sales rose (372K vs 362K expected & prior 350K)
and FHFA Home Price rose (.7% vs .6% expected & prior .8%). So as far as
U.S. data is concerned things were mixed. Rubbing salt in the wounds of the
unemployed was the statistic from Reuters 2.7 M
U.S. jobs have been outsourced to China. In the eurozone Merkel
and Hollande met, the eurozone economy contracted (PMI 46) for the 7 th straight
month. In Asia China Mfg data weakened (47.8 vs 49.3) and investors rallied
many Asian shares on the belief there will be more QE and other stimulus. Pimco’s Mohamed El-Arian outlined what the
eurozone has to do now beyond the talk. In other words, there is no margin for
error. The dollar (UUP) fell sharply since some must think the euro is a safer
bet which seems odd. As Bucky fell gold (GLD), silver (SLV) and commodities
(DBC) overall rallied sharply. As stocks fell sharply bonds (TLT) rose. The
nervousness about markets is ubiquitous. Fear of being left out of equity
rallies now equals staying in it seems. Further it was reported Thursday that
only 58% of the 2300 companies reporting earnings have beaten expectations and
48% beat on revenues—the lowest since 2009. Stocks fell sharply as the air
pocket was there staring us in the face given the light volume. Some disasters
of the day included (HPQ), (GES), (BA) and (X) to name a few. Volume on the
decline remains light even as selling intensified which just shows the total
lack of participation light even by August standards. Breadth per the WSJ was
negative. Investment Tip : We exited many positions due to DeMark weekly 9 counts
which was “ a tell ” that markets
were stretched. It didn’t predict the top certainly coming the Monday of last
week but no indicator is perfect. Become a premium member and benefit from
these signals…’, Marc Faber: Odds of Global
Recession Are 100% , Republicans Consider Returning
To Gold Standard: Real Or Red Herring?
ZeroHedge.com Tyler Durden Stranger than fiction perhaps but the FT is reporting
that the gold standard has
returned to mainstream US politics for the first time in 30 years with a 'gold
commission' set to become part of official Republican party policy . While this
could simply be a reach for as many Ron Paul marginal voters as possible (with
the view that the GOP would never really go for it); it appears drafts of the
party platform from the forthcoming rain-soaked convention call for an audit of
the Fed and a commission to look at restoring the link between the dollar and
gold. The FT , citing a
spokesperson, adds that "There is a growing recognition within the Republican party and in America more
generally that we’re not going to be able to print our way to prosperity ," but
"We’re not going to go from a standing start to the gold standard,"
although it would provide a chance to educate politicians and the public about
the merits of a return to gold. Interestingly, the Republican platform in 1980
referred to "restoration of a dependable monetary standard", while
the 1984 platform said that "the gold standard may be a useful
mechanism." , JPM's London Whale May Face
Jail Time For Mismarking Billions In CDS , China Has Become One Big
"Stuffed Channel"
Zero Hedge covered the topic of automotive channel stuffing long before it
became a conversation piece, particularly as it pertains to Government Motors , a story which
has recently taken precedence after being uncovered at such stalwarts of
industry as German BMW and Mercedes , implying the
German economic miracle may, too, have been largely fabricated. Another core
topic over the years has been the artificial and inventory-stockpiling driven
(in other words hollow) "growth" of China's economy , whose masking
has been increasingly more difficult courtesy of such telltale signs of a slowdown
as declining electricity consumption and off the charts concrete use. It was
only logical that the themes would eventually collide and so they have: the New
York Times published " China Besieged by Glut of
Unsold Goods " in which, as the title implies, it is revealed
that China is now nothing more
than one big "stuffed channel."
, Guest Post: The Most Important
Chart In TheWorld
In a nutshell, charting
this ratio demonstrates the 'real' return on stocks adjusted for inflation or
currency debasement . As we all know, the Zimbabwe
stock market essentially went up to infinity during their hyperinflation but
did anyone get rich from that? Of course not, the shares were denominated
in a currency that was on its way to worthlessness. The key thing with the
Dow/Gold chart is that it perfectly mimics the various social moods and massive secular
trends that exist in the economy over very long periods of time . It is
just as effective in periods of deflation as in inflation in telling you the
true story. In both of the prior two periods (one deflationary and one
inflationary) the DOW/GOLD ratio got down to about 1:1. It has been our
contention for many years that we will see that same ratio once again.
That would imply another roughly 75% drop in stocks to gold and Mike Krieger
expects that this next leg is beginning now.
, On Economic Deceivers And
Propagandists , Why In America It Pays To Be
An Old, White, Widowed, Native-Born Female; Everyone Else Is Out Of Luck , 5 Year TIPS Price At Record
Low -1.286% , Guest Post: Venezuela Ramps up
China Oil Exports Unsettling Washington , The Beginning Of The End For
John Paulson? , Guest Post: Spreading
Insolvency Around Does Not Create Solvency The entire global financial
"recovery" engineered by central banks and Central Planning is based
on the absurd notion that if we spread unpayable debt over the entire body
politic (be it a nation or regional entity such as the European Union) then
that distribution will somehow make the debt payable and the phantom assets
real. The debt remains unpayable
and the assets (collateral) remain stubbornly phantom . As for adding
more debt (selling Eurobonds, Treasury bonds, etc.), please note the
diminishing return on additional debt: it is now negative.... Diminishing
returns define the flailing financial system: the return on petrocapitalism is
declining (how many barrels of oil or equivalent does it take to extract and
process one barrel of shale-derived oil?), the return on more debt has turned
negative, the yield on "saving" bankrupt States is marginal, and so
on: spreading insolvency to the taxpayers does not magically create solvency,
it only distributes insolvency to every nook and cranny of the economy. All the debt remains painfully real; it is only the
collateral that is illusory. , Slumping Commercial Real
Estate Sales Are Latest Flashing Red Non-Recovery Indicator , The European "No Action,
Just Talk" Rumor Mill Is Back
, Spot The Housing Bottom: New
Homes For Sale Drop To Lowest Ever; Average New Home Price Plunges To 2012 Lows , Greece Ready To Start Selling
Its Islands , Newsflow Sentiment Confirms
Global Recession , Gold And Platinum Surge As
Mining Unrest Spreads
Morning Snapshot Posted on August 23, 2012 by News (USAGOLD) —
Gold continues to push higher after leaving the 200-day moving average in the
dust yesterday. Today the important 1656.06/1660.43 resistance zone was
negated, along with the late-April high at 1671.47. What started out as a
technical breakout now has additional underpinning provided by rising
expectations of further easing on the part of global central banks, which could
drive the market higher in advance of the Fed’s Jackson Hole Economics
Symposium next week and policy announcements by the ECB and Fed in September. A decidedly more accommodative tone
evident in the FOMC minutes from the 31-Jul/01-Aug meeting, with “many” members
in favor of additional measures sooner rather than later in the absence of
“substantial and sustainable strengthening” in the economy. The market is now
broadly anticipating that the Fed announces additional measures in the coming
weeks.
Weak manufacturing data out of China
intensified speculation that the PBoC would ease further as well. And finally,
there are rumors circulating based on an article in Die Welt that the ECB is
contemplating “secret” rate targeting. The rate targeting idea is bad enough,
but secret rate targeting srikes me as just plain silly, as I explained in an
earlier post. However, I do think it is reflective of just how desperate
policymakers are to find a way to give the old proverbial can one more kick
down the road.
• US new home sales +3.6% to 372k, above
expectations of 369k, vs upward revised 359k in Jun.
Texas judge
warns of possible ‘civil war’ if President Obama is re-elected
Romney: My
health care plan is superior to Obama's
Obama
campaign unleashing 'the Big Dog' in battleground states http://albertpeia.com/bigdogpoop.htm }
8-22-12
Dave’s Daily: http://www.etfdigest.com BERNANKE & CO READY TO PROVIDE ANOTHER ROUND { …of
consistently failed, inflationary QE for the benefit of the wall street frauds
only, to the detriment of the real economy and everyone else! This misguided
wall street fraud oriented policy is in large part responsible for the increasingly dismal state of the
economy along with the natural
concomitant of rising prices which are blamed on everything but the
contraindicated QE which is the primary culprit! } The only news that mattered
to the algos and HFTs were nuggets of more QE found in FOMC Minutes released
just in time for the 2:15 Buy Program Express to leave the station. More money
printing is inflationary and stocks can inflate too so let’s not kid ourselves.
Perhaps the so-called “smart money” has been buying stocks in anticipation of
this kind of pro-QE3 news; frankly, they would have little other reason to buy
this market. Other than Apple (AAPL) which seems to have become “the market”
little else is exciting or stimulative.Meanwhile in the eurozone Spain has found implementing austerity measures to be…well, difficult.
Greek Prime Minister Samaras is making the rounds of eurozone governments
pleading his case for a two-year extension for austerity reforms. Samaras
stated that reforms could be fully implemented by (where will any of us and he
be by then?) 2020. Germans have stated they will abide just a little tinkering
in that regard.Much was made early Wednesday regarding Japan’s poor trade
deficit (-$6.5 billion) which was caused by weak demand from the eurozone and
China. (No surprise there methinks.) After seeing this data Fed Governor, and
super money printer, Evans called the report “awful” so we know which way he’s
leaning.The NAR (National Association of Realtors), after hitting the send
button 30 minutes before schedule, reported Home Sales rose (4.47M vs 4.5M
expected & prior 4.37M). Summer should be a good time for sales one would
think and most realtors in our neck of the woods (New England) are busy.Stocks
were weaker early until the algo driven buy programs hit the tape after the
FOMC Minutes revealed a few nuggets of QE. Market sectors moving higher besides
(AAPL) were homebuilders (ITB) once again.Volume was only slightly higher as
program trading increased after the Fed release. Breadth per the WSJ was
negative…’ , Grim
economic report provides Romney with opening BETTENDORF, Iowa
– Mitt Romney bounded into the battleground state of Iowa today, aided by a
new, non-partisan government report that painted a grim picture of the state of
the economy, using the new data to return his campaign’s narrative to his
favorite catch phrase:... http://albertpeia.com/truthwinsecotopics.htm , Guest Post: The Stock Market
Is An "Attractive Nuisance" And Should Be Closed ZeroHedge.com Tyler Durden { Yes! This article should in no way be
considered tongue-in-cheek sarcasm, exaggeration; but rather, the reality that
the stock market has become a parasitic den of thieves and fraud literally
detrimental to all people, all places except for the few indigenous denizens of
this infectious malignancy that literally sucks the life blood out of all they
reach and touch! } In tort law, an
attractive nuisance is any potentially hazardous object or condition that is
likely to attract the naive and unwary, i.e. children. A classic example is an
abandoned swimming pool half-filled with fetid water. The stock market is
demonstrably an "attractive nuisance" and should be closed
immediately . It should
never be reopened unless these conditions can be met: 1) All shares must be
owned for at least four hours 2) All trading must be executed by humans on a
transparent exchange where all trading activity (and open orders) is visible to
all participants 3) Intervention in the market by the Federal Reserve or any
Central State agency or agents is against the law. If you insist on putting
money at risk in the stock market, be aware that you are playing a rigged
roulette wheel and thus you are a mark. You might win, or the entire game might
collapse in a rotten heap of lies and corruption. Just remember that the market
is ruled by parasites who need to keep their hosts (investors) alive so they
can continue to feed off them (i.e. biotrophic parasites). If the hosts all
leave the market, the parasites will have only themselves to feed on, and they
will quickly expire. , Thanks Obama - Here Are 24
Stats That Show How Much You Have Royally Messed Up Our Economy http://albertpeia.com/24statsshowhowobamamessedupeconomy.htm , 8 Economic Threats That We
Were Not Even Talking About At The Beginning Of The Summer http://albertpeia.com/8neweconomicthreats.htm , More Than Half Of All
Americans Are At Least Partially Dependent On The Government http://albertpeia.com/morethanhalfamericansdependentongovernment.htm , Jacob Rothschild, John Paulson
And George Soros Are All Betting That Financial Disaster Is Coming http://albertpeia.com/insidersmartmoneybetsfinancialdisastercoming.htm , US fiscal cliff risks new
recession, says report , Gold & Silver off to the races , Eric Sprott: The Financial
System’s Death Knell? , Marc Faber On Keynesian Folly,
The 'Missing' Inflation, And Bubble-Blowing , With AAPL 19.8% Of The NASDAQ,
Is Another Rebalancing Imminent? , Citi Sees Greek Exit As Soon
As September , FOMC Minutes Indicate No Shift
In Fed's Views, Even As Many Members See More Easing Likely Warranted , The Truth Behind Juncker's
Lies: In The Second Largest Greek City, 1250 Companies Have Shuttered In 2012 , The Gathering Storm Submitted by Tyler Durden
CBO: Feds flirting with
double-dip recession
washingtontimes.com | Obama and
Congress flirting with both a recession and a jump in unemployment next year.
Home sales and prices rose in
July
upi.com | Sales for
the month were 10.4 percent higher than the 4.05 million level of July 2011.
Thanks Obama – Here Are 24
Stats That Show How Much You Have Royally Messed Up Our Economy
The
American Dream | Under Barack Obama, the U.S. economy has performed worse than
it did under any other president since the end of the Great Depression.
What Happened After Europe’s
Last Three Currency “Unions” Collapsed
Zero
Hedge | The Eurozone, and its associated currency, is merely the latest in a
long series of failed attempts to create a European currency union and a common
currency.
US corn, soy prices hit
records as drought lingers
AFP |
US corn and soybean prices closed at new record highs Tuesday as a new survey
showed worse-than-expected crop damage from a brutal drought across the
country’s central breadbasket.
Report: Nearly One In Five
Americans Have No Money to Put Food on the Table
SHTFplan.com
| While economists, government officials, and mainstream media experts argue
about whether a recovery is finally taking hold, the evidence on the ground provides
a clear insight about where the country is headed.
More Than Half Of All
Americans Are At Least Partially Dependent On The Government
The
Economic Collapse | A very large segment of the population has figured out that
it can use voting as a tool to get more money and benefits from the government,
and that is a very dangerous thing.
8-21-12
Dave’s
Daily: http://www.etfdigest.com ‘THE PRESSURE IS ON THE GERMANS TO
BLINK 8-21-12 It would seem as though a more dovish Angela Merkel has emerged
with a new willingness for unlimited eurozone bond buying which may include a
rate cap at least so reports the Guardian. Also Greek Prime Minister Samaras
has headed to Germany to plead for a two year extension to implement mandated
and agreed upon reforms. However, according to Bloomberg it appears he
may only get small concessions according to the article. Overall markets in the
eurozone thought all this news was bullish and bid up both the euro and stocks
there. With all this money printing to buy bonds the ECB has chosen inflation
as the optimal course even as they would argue that.The theme emerging from the
eurozone is a common one—rather than address debt and spending the solution
seems paper it over (literally) by printing more money.As a consequence of this
gold (GLD) and commodity prices in general (DBC), (JJC) and (USO) advanced
while the dollar (UUP) declined. Bond (IEF) prices fell early but climbed in
the afternoon as stocks sold-off.There was little in the way of economic data
or earnings for investors to digest Tuesday. Apple (AAPL) which lately seems to
be “the market” saw some wild trading in a $25 range as an early spike was met
by heavy selling. Share volume was double the average and no doubt there was profit-taking.
Remember 230 hedge funds hold Apple shares and as good a company as many
believe, too much of a good thing isn’t wonderful. As mentioned stocks sold-off
late as investors may be looking ahead to Wednesday’s inspection of FOMC
Minutes trying to find a kernel of QE3. It didn’t help that Fed Governor Lacker
saw no need for any QE3 now.Here’s an interesting chart of the day. Guess when
the income tax was initiated. (We had to pay for the “war to end all wars” and
I guess we’re still fighting.) http://albertpeia.com/incometaxforwar.jpg Once again overall volume was light and
breadth per the WSJ was mildly negative…’,
FORGET EUROPE… THIS IS A REAL CRISIS TO BE AFRAID OF http://albertpeia.com/usfoodcrisis.htm , What 40 Years Of Gold
Confiscation By The US Government Looks Like ZeroHedge.com The chart below, which is a time series showing the total "Gold Held by the US Treasury
and the Federal Reserve " (which for all intents and
purposes are interchangeable), demonstrates vividly the moment when the US
government enacted Executive Order 6102, aka the " forbidding the
Hoarding of Gold Coin, Gold Bullion, and Gold Certificates within the
continental United States " order which criminalized the possession of
monetary gold "by any individual, partnership, association or
corporation." But not the government of course.
Spot the moment after which gold confiscation by the US government (also known
as a 40% USD devaluation) from its citizens was legalized. , Guest Post: The Death Of Jobs The sit-back-and-relax 'buy and hold'
strategy that unqualified portfolio managers banked on for so many years has
perished in this highly leveraged, central-banking-dominated environment. There
is something, though, that is more troubling for the US economy, and
specifically middle-class laborers: Robotics. The reality is that this atypical Great Recession has
forced business owners to become savvy : businesses have learned how to
operate--and even thrive--in this dry economic environment, and the main tool
that has allowed them to do so is cost-cutting. Unfortunately for the labor market, these cost-reduction
techniques are sticking , and for the time being business owners
(particularly manufacturers) see no reason to add more human employees when
they can purchase robots at a cheaper rate.
, Japanese Trade Implosion Sends
Futures To Lows Somewhat
disastrous trade balance data from Japan - with exports dramatically
worse-than-expected (EU exports -25.1% YoY ) and imports
worse-than-expected (which will come as no surprise to any ZH reader given
Europe's depression and our discussion of world trade
here ) - has crushed JPY crosses overnight (especially AUDJPY)
which is exactly what we said at the close today was required to extend today's
equity weakness. Sure enough, S&P 500 futures are down over 6 points from
the close now - and trading below day-session lows. , What Happened After Europe's
Last Three Currency "Unions" Collapsed It may come as a surprise to some of our
younger readers, that the Eurozone, and its associated currency, is merely the
latest in a long series of failed attempts to create a European currency union
and a common currency. Three of the most notable predecessors to the EUR
include the Hapsburg Empire, the Soviet Union, and Yugoslavia. Obviously, these
no longer exist. Just as obvious, all of these unions, having spent time,
energy, money, and effort to change the culture and traditions of member
countries and to perpetuate said unions, had no desire, just like Brussels
nowadays, to see these unions implode. The question then is: what happened
after these multi-nation currency unions fails. VOX kindly answers: "they all ended with disastrous hyperinflation. " , Another Signal That The Rally
Is Unsustainable We have
discussed the broad divergences between high-yield credit and equity markets
(the former not enjoying the ebullience of the latter) and noted the dismal
volume and average trade size of the most recent surge to new highs. Barclays
points out one more concerning factor in the rally - the very unusual underperformance of lower quality,
higher beta credit . Typically, the B-rated-and-below credits will majorly
outperform in any real risk-on rally (just as they did in the first quarter of
the year), however, in the last 2-3 months of equity exuberance, this has not
been the case at all - as it seems the rally has been used to position in higher quality names (and remain
liquid) . Just another glimpse of the matrix under the
surface. , Guest Post: The Spain – ECB
Vaudeville Show If you still
require proof that in the short term, market action is driven by perceptions
and sentiment rather than reality, here it is. It is worth quoting again what
Mrs. Merkel said in Ottawa in toto:“The European Central Bank, although it is
of course independent, is completely in line with what we’ve said all along.
And the results of the meeting of the central bank and their decisions,
actually shows that the European Central Bank is counting on political action
in the form of conditionality as the precondition for a positive development of
the Euro.”Does this sound like 'unlimited bond buying without preconditions' to
anyone? No? Investors seemed to think that is what it meant. We see no painless
way out for Spain, regardless of what ultimately happens. Even if the ECB were
to act without conditionality or limits, it could not possibly alter the
underlying solvency problems - and this isn't going to happen anyway. So
what are markets currently pricing in? Everybody seems quite certain of a happy
end at the moment. The bet is that massive central bank intervention is heading
our way in the near future and will boost asset prices further. This is a
mindset that has very likely set up the markets for disappointment. , Niall "Hit The Road
Barack" Ferguson Responds To The "Liberal Blogosphere" Two days ago, historian Niall Fergsuon had
the temerity to voice a personal opinion, one which happens to not exactly
jive with the rest of the media's take on current events, on the cover page of
Newsweek (Newsweek is still in print?) titled, succinctly enough, " Hit the road Barack: Why we
need a new president ." The response was fast, furious,
and brutal, particularly emanating from what Ferguson has dubbed the
"liberal blogosphere." http://albertpeia.com/hittheroadborackanddontyoucomebacknomorenomorenomorenomore.htm
BULLS Win S&P 4 Year and 8
Month HIGH, Bears Claw Back as VIX Climbs at Wall St.
Cheat Sheet (Tue, Aug 21)
[video] Trade of the Day: SPY
Puts at CNBC (Tue, Aug 21)
Intuit Inc. Earnings: A Mixed
Bag at Wall St. Cheat Sheet (Tue, Aug 21)
Dell Inc. Earnings: CEO Says
Think Long-Term, Stock Down Over 3% After Reporting at Wall St.
Cheat Sheet (Tue, Aug 21)
Analog Devices Inc. Earnings:
Net Income and Revenue Fade at Wall St. Cheat Sheet (Tue,
Aug 21)
SPY, QQQ And DIA Hit Four-Year
High Then Sell Off at Investor's Business Daily (Tue,
Aug 21)
STOCKS SLIDE AFTER HITTING
4-YEAR HIGH: Here's What You Need To Know Business
Insider (Tue, Aug 21)
Knight Capital's Woes Chip
Away At Wall Street Confidence at The Wall Street
Journal (Tue, Aug 21)
InPlay: Nasdaq Comp -14 joins Dow -71 and S&P -5.9 at
new session lows Briefing.com (Tue, Aug 21)
S&P 500 falls as early
"risk" sector bids fade, levels to watch at
theflyonthewall.com (Tue, Aug 21)
[video] Market Strategist on
the Appeal of U.S. Markets Vs. Global Markets at
TheStreet (Tue, Aug 21)
[$$] Protect---or
Profit---From Market-Moving Events at
Barrons.com (Tue, Aug 21)
[video] The Fiscal Cliff
Forecast & the Defense Industry at
TheStreet (Tue, Aug 21)
Charting a test of four-year
highs at MarketWatch (Tue, Aug 21)
Get Ready for the Fall TheStreet (Tue,
Aug 21)
Kass: Get Ready for the Fall at
TheStreet (Tue, Aug 21)
With Stocks at Multiyear
Highs, Can the Rally Continue? at The Wall Street
Journal (Tue, Aug 21)
Index, ETF option volumes near
midday optionMONSTER (Tue, Aug 21)
Super Low Market Volumes Usher
in the Ghost of the 1970s Market. More to Come! at
Minyanville (Tue, Aug 21)
Gold Buyers Prosper in
Crisis-Hit Italy
Reuters | People are
trading their gold for worthless paper money.
Jacob Rothschild, John Paulson
And George Soros Are All Betting That Financial Disaster Is Coming
The
Economic Collapse | Are you willing to bet against three of the wealthiest men
in the entire world?
Banks Can Legally Steal
Customer Funds From Private Checking Accounts
Susanne Posel | Our warnings
are right in front of us, if we choose to see them.
Top Investor Warns of
“Financial Armageddon” as Soros Dumps Bank Stocks, Buys Gold
New
American | Recent filings by billionaire financier George Soros show he dumped
virtually all his holdings in major financial companies like JP Morgan, Goldman
Sachs, and Citigroup.
One Of The Biggest Euro
Skeptics Thinks The ECB Is About To Uncork A Game-Changer
Business
Insider | Ambrose Evans-Pritchard of The Telegraph is usually one of the
foremost purveyors of the Euro doom argument, so it’s worth sitting up and
taking notice at his latest column…
Finland preparing for
‘full-blown currency crisis’ and collapse of Eurozone
Natural
News |A Finnish official has come forward with information about how his
country, which is among the strongest in the European Union (EU), plans to deal
with a potential break-up of the euro.
8-20-12 Dave’s Daily: http://www.etfdigest.com SUMMER IS BOILING WHILE TRADING IS COLD
8-20-12 ‘Apple (AAPL) seems the only
stock investors care about as it rallies to become the world’s most valuable
company. Microsoft (MSFT) had that honor in the dotcom heyday in 1999 as
everybody needed a PC then. The chart below compares the two monsters
performance as each soared over different time periods—hat tip Zero Hedge http://albertpeia.com/chartapplmsft.jpg And, yes I know it’s different this time and
many believe Apple is a much superior company now than Microsoft was back then.
The weighting of the stock to many ETFs, particularly in technology, is nearly
20% which can give a false impression of how markets are truly behaving. (This
is why it’s useful to compare the QQQs with equal weighted QQEW to get some
perspective.) The PE of the stock is reasonable clearly but the twists and
turns of technology never are. The next “I got to have it” gizmo from the
company is the iPhone 5 which promises to be a little bigger and faster. When
you upgrade to a new phone it’s matched by a new phone plan which is never
cheap. Further there are some rumblings from China that some wireless operators
there won’t service the phone. The company is also in the process of developing
and releasing a mini-iPad the need for which is vague to an old fogy like me. Anyway
the stock shows few signs of being sold and dominates most institutional and
retail portfolios. Rumors of stock splits and the company being added to the
DJIA continue to be supportive as well. Meanwhile back to the duller and
pedestrian stock markets has offered little action. Most likely investors are
waiting first for FOMC Minutes on Wednesday to find some nugget that might
support QE3. If few are found or spun then it’s on to Jackson Hole for Bernanke
and Draghi to act or not. Away from Apple there has been some news from
Caterpillar (CAT) which was a warning about weak economic conditions but the
stock rallied. In China house prices rose and food inflation is on the move
higher. Taken together this should restrict stimulus one would think. Meanwhile
in the eurozone there is plenty of controversy regarding more lending. One
rumor quickly shot down was the ECB would place a cap on bond buying by only
buying when certain interest rates rose above a target. Spain has stated they
want unlimited bond buying without conditions. While Merkel herself has been
more dovish such is not the case with politics within Germany. The Bundestag
has restated its objections to new bond buying as has the finance
minister.Moody’s has gotten into the swing of things by suggesting that California municipal bond
bankruptcies are likely to expand. Popular muni bond ETFs like (MUB)
didn’t react period such is the low level of confidence investors have in
rating agencies. Investors fear taxes more evidently. Goldman Sachs Chief Strategist David Kostin has been
pleading with clients to sell their equities before the fiscal cliff arrives.
Meanwhile Goldman Sachs strategist Abby Joseph Cohen remains bullish. Who to
believe? They’ll tell you with hindsight.Stocks overall chugged along at a
snail’s pace with early selling. But, this was met with some persistent late
day buying. Volume was ridiculously light even for a Monday in August or a
half-day of trading around the holidays. Breadth per the WSJ was modestly
negative. (This is going to be another really short post thanks to little
action.) ETF Portfolio Quick Tip: Russell
Investments is going to shutter all its index-based ETFs on the heels of the
closure of similar issues from Focus Shares. I have written for several years
about being careful regarding repetitive ETFs, low assets under management and
trading volume. In our soon to be released Best U.S. Equity ETFs we only select
an issue or two in each category that can make a difference. Please look for it
upon release…’ , Hit the road barrack,
and don’t you come back no more no more, het the road barrack and don’t you
come back no more! http://albertpeia.com/hittheroadborackanddontyoucomebacknomorenomorenomorenomore.htm , Guest Post: Shhhh… It’s Even
Worse Than The Great Depression
ZeroHedge.com Tyler Durden In
just four short years, our “enlightened” policy-makers have slowed money
velocity to depths never seen in the Great Depression. Hard to believe, but
the guy who made a career out of Monday-morning quarterbacking the Great
Depression has already proven himself a bigger idiot than all of his
predecessors (and in less than half the time!!). During the Great Depression,
monetary base was expanded in response to slowing economic activity, in other
words it was reactive ( here’s a graph ) . They waited until
the forest was ablaze before breaking out the hoses, and for that they’ve been
rightly criticized. Our “proactive” Fed elected to hose
down a forest that wasn’t actually on fire, with gasoline, and the results
speak for themselves. With the IMF recently lowering its 2012
US GDP growth forecast to 2%, while the monetary base is expanding
at about a 5% clip, know that velocity of money is grinding lower every
time you breathe. , When Japan Goes Japanese:
Presenting The Terminal Keynesian Endgame In 14 Charts It is hard to find fiscal situations that are worse than Japan's. The gross
government debt/GDP ratio, at more than 200%, is the worst among the major developed
economies. Yet yields on Japanese government bonds (JGBs) have not only been
among the lowest, they have also been stable, even during the recent
deterioration during the European debt crisis. This apparent contravention of the laws of economics… , Taxes Vs Debt: Where Does US
Funding Come From - Chart Of The Day
, Here Is The Chart That
Explains Why Rates Are Rising In The US , Exuberance Exits As Spain's
IBEX Hits 200DMA In a normal
market, whatever that is, we would not feel the need to note every tick in the
Spanish equity market; but today's
2% decline - its worst in 3 weeks - is the first down-day in 10 days . , Egypt Prepares To Use Aircraft
And Tanks In Sinai For First Time In 40 Years , On The Fed's Sudden Need For
"Risk Managers" And "Financial Engineers" , Goodbye Civilization: So
Simple A Greekman Can Do It
Around 1000 people per day are still losing their jobs in Greece with
the percentage of the population not working now uncomfortably larger than
those who are employed.. , Daily US Opening News And
Market Re-Cap: August 20
A weekend article from Der Spiegel has been the centre of must attention
this morning amid a light economic calendar on both sides of the pond. The
article reported that the ECB would set limits to the yields of periphery
country debt and intervene should these limits be breached. This weighed on the
German Bund from the Eurex open and saw the Spanish curve trade lower by 25bps
to 35b ps, as well as buoying the EUR currency and riskier assets in early
trade. Risk-on moves in EUR and DAX futures were retraced as the ECB denied
these reports, saying that it was misleading to report on decisions not yet
taken, though it will act within its mandate. A German finance ministry
spokesman also denied all knowledge of the reports a short while before hand.
Furthermore, the latest monthly bulletin from the Bundesbank that once again
reiterated the disapproving German stance toward the ECB's controversial
bond-buying programme also dampened the mood.
Buy everything
I say without limit. Leverage each purchase to the maximum allowed under the
law. The markets will only go up and not down and 100,000 is the next stop for
the S&P. It is to be Dow without Jones, assets without liabilities and
wealth without poverty. The Middle Class has been evacuated and everyone is
wealthy beyond belief. It is just there, of course, that the truth lies in this
merry old land, “beyond belief.”
"I
like fantasy---it wakes up the brain cells.”- Dr. Seuss
Caterpillar
warns on global uncertainty ( FT )
Only 3 years
behind the curve as usual: Moody’s warns on California city defaults ( FT )
Monti Says
‘Tragedy’ If Euro Became a Factor of Disruption ( Bloomberg ) - the same
Monti whose disruptive comments recently enraged Germany ?
China Home
Prices Climb in More Cities Prompting Policy Concerns ( Bloomberg )
China's Big
Four boost new bank loans in Aug first half ( Reuters )
EU Leaders Plan
Shuttle Talks to Bolster Greece ( Bloomberg )
US rule set to
slash cars’ fuel use ( FT )
Spain Seeks
Commitment From Central Bank on Bond Buys ( WSJ )... and
preferably completely unconditional
Finnish
Euro Doubts Hide Business Plea to Commit to Currency ( Bloomberg )
04:39PM Urban
Outfitters Earnings: Heres Why Shares are Skyrocketing at Wall St. Cheat Sheet 04:15PM 10
Undervalued Dividend-Paying Stocks With Momentum at Minyanville 04:00PM STOCKS
GO NOWHERE: Here's What You Need To Know Business Insider 03:00PM [video]
Lou's Been Thinking About Vitamin Praise at TheStreet 02:33PM InPlay:
Dow -2 flirts with positive territory, sets new session high Briefing.com 02:12PM Bernanke
Needs To Shame Congress, Obama Into Doing More at Forbes 01:10PM Five-Week
Options Cycles Don't Bode Well For Stocks at Forbes 12:48PM 11:22AM Index,
ETF option volumes near midday optionMONSTER
11:19AM Index,
ETF option volumes near midday optionMONSTER
11:08AM U.S.
Need For Stimulus Diminishing at Forbes
11:00AM InPlay: Stock indices extend
push off first hour lows -- Dow -20 has rebounded as much as 25 points, S&P
-3.6, Nasdaq Comp -10 Briefing.com
11:00AM [video]
An Indecisive U.S. Government Prevents Long-Term Solvency at TheStreet 10:57AM Best Buy
Quarterly Earnings Sneak Peek at Wall St. Cheat
Sheet 10:53AM [video]
China, U.S. Backed Into a Corner at TheStreet
10:50AM Dell
Quarterly Earnings Sneak Peek at Wall St. Cheat
Sheet 10:28AM S&P
500 falls from Friday highs, levels to watch at theflyonthewall.com 10:26AM Patterson
Companies First Quarter Earnings Sneak Peek at Wall St. Cheat Sheet 10:23AM Hormel
Foods Third Quarter Earnings Sneak Peek at Wall St. Cheat Sheet 10:21AM H-P
Quarterly Earnings Sneak Peek at Wall St. Cheat
Sheet 10:20AM SPX
Heading to 1422 at Minyanville
10:12AM Salesforce.com
Second Quarter Earnings Sneak Peek at Wall St. Cheat
Sheet 10:09AM Big Lots
Second Quarter Earnings Sneak Peek at Wall St. Cheat
Sheet 10:03AM Autodesk
Second Quarter Earnings Sneak Peek at Wall St. Cheat
Sheet 10:00AM Stock
Market Update: 5 Charts Flashing Caution at Minyanville 09:48AM Why It's
Nearly Certain That Market Volatility Will Continue at Minyanville 09:21AM Pre-Market
Primer: Bundesbank Spars With ECB Over Bond Purchases at Minyanville 08:50AM Are
Stock Market BULLS Running Out of Steam? at Wall St. Cheat Sheet 08:26AM Lowes
Earnings: Margins SUFFER for Five Quarters Straight, Profit Drops at Wall St. Cheat Sheet 08:25AM Is the
ECB Really Ready to Put on the Spread Cap? at The Wall Street Journal 08:17AM Are
Stock Market BULLS Running Out of Steam? at Wall St. Cheat Sheet 08:10AM Is the
ECB Really Ready to Put on the Spread Cap? at The Wall Street Journal 08:06AM ES
Support and Resistance for August 20 at Minyanville
07:55AM [video]
Trade 'em and Trail 'em To Stay With The Rally at TheStreet 07:40AM Are
Stock Market BULLS Running Out of Steam? at Wall St. Cheat Sheet
8-17-12 Dave’s Daily: http://www.etfdigest.com SUMMER RALLY CONTINUES ON LITTLE NEWS 8-17-12
Economic data from the U.S. featured better Consumer Sentiment (73.6 vs
72.2 expected & prior 72.3). Within this data we must remember stock prices
carry a heavier weighting than with Consumer Confidence data which has been
weaker. Further within today’s report the future expectations index declined to
64.5 vs 65.6 previously. Leading Economic Indicators rose (.4% vs .2% expected
& prior -.3%). Algos don’t look much under the hood of data—they don’t have
time—they’ve got to get the trades off immediately…as in milliseconds. In China
the government is anxious about real
estate and real estate developers as their loans sour. If you’ve traveled much
to China you’ll see plenty of ghost cities amid rampant speculation. Nevertheless,
and as noted yesterday, China is said to prepare reducing bank reserve
requirements. So as much as the government worries about speculation they’re
more worried about economic growth which is stagnating. In Europe, Angela Merkel continues to
confound experts and hawks within her coalition. They say she’s
the dove among German politicians and may even want to offer concessions to
Greece on another bailout. This will certainly inflame her coalition partners
in the Bundestag. Stocks continued their slow light volume advance unfazed by
much of anything frankly. Apple’s (AAPL) earnings have a 5% impact on S&P
500 earnings which is outsized. The company itself has nearly a 20% weighting
in most tech sector indexes and ETFs making it the Atlas of the market. It was
announced today that Apple is starting production of a mini-iPad and why, I
don’t know. The iPhone 5 will be released soon enough and I really wonder how
many people would want the upgrade—maybe in China. Besides, the new larger size
will require cargo pants most likely. Meanwhile left on an ice-floe to die is
Facebook (FB) & (SOCL) where social media isn’t in the game. The dollar
(UUP) was slightly higher as was gold (GLD) which only adds to the confusion.
Commodities (DBC) were higher and so too were bonds (TLT). Oil prices (USO)
continue to rise which will dampen consumer sentiment soon enough. There is
some talk of releasing supplies from the SPR but that would be too political.
That hasn’t stopped politicians before. Given weekly DeMark indicators, we took
profits in many equity ETF positions Monday in Dave’s Special Portfolio—our active ETF portfolio for
subscribers. This also included fixed income and quite a few popular dividend
ETFs. Our lazy portfolios are fully invested currently and benefitting from the
recent rally. ETF
Portfolio Quick Tip: In a light volume market, add a hedge to your portfolio
to protect perhaps using an inverse issue correlated highly with your largest
positions. For example you might use SH to hedge your overall equity exposure.
We incorporate this strategy in our Lazy Hedged Growth Portfolio. Volume on the
melt-up continues to be light and breadth per the WSJ was positive. The trouble
with volume this light and now overbought means prices have a lot of air under
them…’ , Guest Post: The West Has Just
Become A Giant Banana Republic
ZeroHedge.com by Tyler Durden { Yeah! This really is too true for words!
It’s been my direct experience for quite some time now and is quite a pathetic
scenario! } Legal precedent means nothing. Rule of law means nothing.
Free speech means nothing. Their own treaties mean nothing. It’s
unbelievable. Anyone in the west who honestly thinks he’s still living in
a free society is either a fool or completely out of touch. If that seems
too radical an idea, consider that ECUADOR is now the only nation which
stands to defend freedom and human rights against an assault from the
United States, the United Kingdom, and their spineless allies. The west
has just become a giant banana republic. Have you hit your breaking point
yet? If not now… when? { { I’m really
constrained to interject my own direct experience with the FBI here; and, I
must say I do so lamentably. If you want no real results vis-ŕ-vis organized
crime which now extends to the upper reaches, highest levels of the corrupt
u.s. government, go to the FBI. I discounted the new jersey FBI as just typical
corrupt, mob infested jersey which thinks in terms of discos/casinos. But,
truth be told, they never ask the ‘tough’ questions of the biggest criminals;
ie., the biggest wall street frauds, cia connected illegal ‘drug ops’
(ops…riiiiight), federal judges ie., trump barry, shiff, alito, etc.; but, they
did go after Martha Stewart in a very big way over a $45,000 transaction. Wow!
You can’t make this stuff up. I also don’t believe their (understated) crime
stats for even a second. I’m beginning to feel foolish for having even put my
full faith and trust in them, much less the ‘federal (judicial) system’ who
share the ‘same employer’; and, despite my antipathy for the mob, probably
would have fared ‘more fairly’ with the mobsters directly who seem to have at
least some sense of the magnitude of the fraud involved and the pervasive
corruption of the system and government and maybe a semblance of honor in this
nation of protracted decline. It never would have occurred to me back when for
me, such a choice/decision was clear-cut and simple. Such a course as mine I no
longer could recommend inasmuch as there is little difference between
state/government sponsored crime/corruption and that perpetrated by other
criminal elements, from my direct experience with both, infra: Debauchery: An American
specialty In the land of Lindsay Lohan and Snooki, some federal
workers reflect our culture all too well. (Washington Post) [ Lindsay Lohan?
Come on Mr. Milbank, hands off the low hanging fruit. She’s totally harmless.
Jersey ‘italian’ snooki? In mob infested new jersey, who knows (one of the
properties in my proceedings for which surplus funds are unaccounted for was a
2 bedroom 1 and 1/2 bath condominium in seaside heights, n.j.). But debauchery
an american specialty? Another rare instance wherein I agree with Mr. Milbank
completely. 25 Signs That America Is A
Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics
held close to vest EXCLUSIVE | Documents and interviews show FBI and
Justice Department officials took steps to control information uncovered by a
task force designed to examine cases involving discredited agents. Many
defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington
Post) [ Well, I really have to say this. I’m awaiting word from the FBI as to
resolution, one way or the other, concerning the RICO matters which have been
systematically and corruptly covered up by the government (executive,
legislative, and judicial branches of the pervasively corrupt, defacto bankrupt
u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . Never in my
wildest dreams would I have believed the level and extent of corruption and
criminality within the ranks of the u.s. government before embarking upon this
costly quest for justice and simple fairness consistent with clear law (infra,
regarding the u.s. government’s direct involvement in the illegal drug trade).
In this civil RICO matter, there are no innocent bystanders; but rather,
perpetrators, accomplices, and co-conspirators. When the fbi agent initially assigned
to this matter (Connecticut) abruptly resigned/retired shortly after a
conversation, though not central to my case, wherein I had said that rudy
giuliani’s father had been an (convicted) enforcer for the mob (served 12
years? in prison, aggravated assault/manslaughter?) and then sent him
documentation owing to his disbelief. Though ultimately ineffectual vis-ŕ-vis
my case, he was a likeable guy for whom I had and still have regard. I then
spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who
somewhat plaintively (‘my call being a burden’) told me that ‘he was a Ford,
and I was a Ferrari’, which he didn’t explain further. Could anyone tell me
what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an
FBI Agent who sarcastically asked me whether I was ‘going to the disco that
night’ (the documents including sworn statements delivered to then u.s.
attorney sam alito’s office in the same building disappeared twice along with
the initial assistant u.s. attorney Jonathan Lacey with whom I had reviewed the
documentary evidence, documents and their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf .
We all can infer sam alito’s reward / quid pro quo for his cover-up by his
current position on the u.s. supreme court. There was never a
question as to maryanne trump barry’s interest in corrupting the judicial
process as related to her brother’s (trump) casinos. Jersey city boy louis
freeh, labeled by former Prosecutor Larry Klayman as the most corrupt FBI
director ever (see infra, mueller seems no different, and certainly holder’s
impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and
furious, race bias favoring blacks, etc.) apparently covered up the RICO
violations as sent to him, and, with italian citizenship and lucrative insider
deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with
whom I reviewed the RICO documents and confirmed same as indicative of (drug)
money laundering was transferred shortly after meeting with him, as has been so
of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I
discussed the RICO matter and case disks/dvd’s sent to the LA FBI office (they
printed the documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here
in Los Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to
believe it based on my own experience and reasonable inference. I’m currently
being ‘stonewalled’ by the LA FBI office since the departure of FBI Agent Bill
Lewis.
GOOGLE SEARCH – ‘LARRY
KLAYMAN, LOUIS FREEH CORRUPT’
Jul 31, 2000 – Judicial
Watch is a public-interest law firm that fights corruption in government. To read Larry
Klayman's letter to Louis Freeh , ...
... security," said JW
Chairman Larry Klayman . "His behavior stands in stark contrast to Louis Freeh , a man so corrupt he destroyed the office he led, ...
“Louis Freeh will finally have to answer in court for what he
did to our clients. ... answers,” stated Judicial Watch Chairman and General
Counsel Larry Klayman . ...
Klayman, Larry, Chairman,
Judicial Watch ... My name is Larry
Klayman . ... interest group that
investigates and prosecutes government corruption and abuse.
...... They seized his computer – these are FBI agents at the direction of Louis Freeh , ...
May 3, 2001 – Because of
his corrupt behavior, Freeh was placed on
Judicial Watch's ... stated Judicial Watch Chairman and General Counsel Larry Klayman . ...
May 27, 2000 – By Larry Klayman ... While Judicial Watch has asked FBI Director Louis Freeh to .... lawsuits against a corrupt and unrepentant Clinton-Gore ...
The following is my comment
to an LA Times article regarding a Justice Department cover-up! As for your
inquiry, all I think about day and night is a long overdue resolution to the
RICO litigation as set forth therein:
I believe him!
I truly empathize
with the ATF in terms of government cover-ups, notably by even the DOJ. You’ll
recognize some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has
dual citizenship with Italy), and some familiar crimes (ie., drug money
laundering, etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know
this about the following ATF Agents who were probably viewed as loose ends: Steve Willis, Robert Williams, Todd McKeahan
& Conway LeBleu: Died February 28, 1993 by gunfire at Waco. All four were examined
by a pathologist and died from identical wounds to the left temple. All four
had been body guards for Bill Clinton, three while campaigning for President
and when he was Governor of Arkansas.They also were the ONLY 4 BATF agents
killed at Waco. ]
Here’s
some real, complicit cover-up / fraud on the part of the federal government, et
als:
October 15, 2010 (*see
infra {ultimately delivered by UPS})
Steven
M. Martinez, Assistant Director In Charge
Dear
Sir:
I
enclose herewith 3 copies of the within DVD rom autorun disk (which will open
in your computer’s browser) as per your office’s request as made this day (the
disk and contents have been scanned by Avast, McAfee, and Norton which I’ve
installed on my computer to prevent viral attacks / infection and are without
threat). I also include 1 copy of the DVD as filed with the subject court as
referenced therein (which files are also included on the aforesaid 3 disks in a
separate folder named ‘112208opocoan’). The (civil) RICO action (as you’re
aware, the RICO Act is a criminal statute which provides a civil remedy,
including treble damages and attorney fees, as an incentive for private
prosecution of said claims probably owing to the fact that the USDOJ seems
somewhat overwhelmed and in need of such assistance given the seriousness and
prevalence of said violations of law which have a corrupting influence on the
process, and which corruption is pervasive). A grievance complaint against Coan
was also filed concurrently with the subject action and held in abeyance
pending resolution of the action which was illegally dismissed without any supporting
law and in contravention of the Order of The Honorable Robert N. Chatigny,
Chief Judge, USDC, District Connecticut. The files below the horizontal rule
are the referenced documents as filed. (Owing to the damage to the financial
interests of both the U.S. and the District of Congresswoman Roybal-Allard,
viz., Los Angeles, the Qui Tam provisions of the Federal False Claims Act probably would apply and I would
absent resolution seek to refer the within to a firm with expertise in that
area of the law with which I am not familiar) .
The
document in 5 pages under penalty of perjury I was asked to forward to the FBI
office in New Haven is probably the best and most concise summary of the
case RICO Summary to FBI Under Penalty of Perjury at Their Request (5
pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The
correspondence I received from the Congresswoman by way of email attachment
(apparent but typical problem with my mail) along with my response thereto is
included on the 3 disks as
fbicorrespondencereyes.htm . With regard to
the calls to the FBI’s LA and New Haven, CT offices: There was one call to the
LA office and I was referred to the Long Beach, CA office where I personally
met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of
the money laundering which he confirmed as indicative of same (he was
transferred from said office within approximately a month of said meeting and
his location was not disclosed to me upon inquiry). The matter was assigned to
FBI Agent Ron Barndollar and we remained in touch for in excess of a decade
until he abruptly retired (our last conversation prior to his retirement
related to the case and parenthetically, Rudy Giuliani whose father I stated
had been an enforcer for the mob to which he registered disbelief and requested
I prove it, which I did – he served 12 years in prison, aggravated
assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew
Maloney’s the one that prosecuted gotti).
In
contradistinction to the statement in said correspondence, there is a plethora
of information including evidence supporting the claims set forth in
the RICO VERIFIED COMPLAINT (see infra).
Such includes and as set forth in the case, inter alia,
A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains unaccounted
for and which could be used for payment to creditors, Los Angeles, etc..
Counsel Robert Sullivan on my behalf documented by
way of certification upon investigation that Alan Shiff, USBCJ, had falsely
stated a dismissal upon which false statement he predicated a retaliatory and
spurious contempt proceeding against me causing substantial damage, and for
which he sought Judicial Notice of those and related proceedings as did I in
some of my filings.
The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by
the court’s deadline causing creditors and me substantial damages:
[ Shiff Order of Dismissal With Prejudice on Coan’s Failure to
File Page
1
Page 2
]
Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for a
hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of
Connecticut, who denied Coan’s requested relief as to Coan but precluded my
action against Shiff (although there is no immunity, judicial or otherwise, for
criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) .
[ transcript in pertinent part - http://albertpeia.com/crossexamofcoanbypeia.pdf ]
Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug) money
being laundered through the Trump casinos by the RICO defendants, and despite
my motion to recuse her which motion she heard herself and denied, and U.S.
Trustee Hugh Leonard with whom I met personally refused to join or file a
separate motion to recuse and not long thereafter left said office for private
practice at Cole, Shotz, et als on retainer with the RICO defendants as his
primary client.
Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach,
CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met
personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel
Alito was U.S. Attorney, and went over said documents and their probative value
with him. Within approximately a month thereafter upon inquiry I was told that
Jonathon Lacey was no longer with the office, that the file/documents could not
be located, and that there was no further information available concerning
contacting him or his location. I thereupon delivered by hand, copies of said
documents to the office of then U.S. Attorney Alito, addressed to him, with
assurance they would go directly to him. In addition to being inept [ I looked
in on the one mob case he had brought, bungled, lost (accidently on purpose?)
since I was suing some mob-connected under RICO and the court (I had known /
previously met outside of court the judge Ackerman through a client) was
absolute bedlam and a total joke since incompetent corrupt Alito brought in all
20 mob defendants (rather than prosecute one or a few to flip them first) who
feigning illness had beds/cots in the courtroom along with their moans during
testimony and had the jury in stitches. As much as I hate the mob, it truly was
funny, if not so tragic.], Alito is also corrupt (and maybe corrupt
because he is inept). After a reasonable (but still rather short) time I called
to determine the status and was told that Alito was no longer with the Office
of the U.S. Attorney, that he was (appointed) a federal judge, and that neither
the documents nor any file or record of same could be located. Alito did parley
the same / cover-up into quid pro quo direct lifetime appointment to the Court
of Appeals, 3 rd circuit, despite the absence of judicial
experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as
well). This is the same Sam Alito that now sits on the purported highest court
in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety coverage and
neither LA, nor creditors, nor I should continue to have been damaged by this
brazened corrupt and illegal scenario, which should be resolved in accordance
with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia th Street, #404
----------
*The foregoing and as indicated
therein was previously send 9-14-10 but delivery confirmation was flawed as set
forth below and my inquiries to the u.s. postal service rebuffed (I believe
tampered with inasmuch as your office could not locate same). This cover letter
(9-13-10) is on the 3 disks with navigable hyperlinks to the subject files for
ease of reference, including the files in the RICO action as indicated.
(10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates once again
that your office has not received the aforesaid and which can reasonably be
presumed to have been tampered with, and hence, a violation of the federal
statute concerning same. (Ultimately delivered by UPS) ]
FROM:
Rep. Lucille Roybal-Allard
TO:
[email protected]
Message flagged
Wednesday, November 16,
2011 8:48 AM
Dear Mr.
Peia:
Thank
you for being in touch. As we continue the busy first session of the 112 th Congress, I
want you to know that I am grateful for the various times you have shared your
thoughts and concerns with me on different issues. Please be assured that
your voice is being heard and that your perspective helps me to better
represent you in Washington, D.C.
Sincerely,
[ This is a reply to the
Congresswoman’s query among others included.]
11-5-11
Dear Congresswoman Roybal-Allard:
The Keynesian (economic)
approach, if ever a wise prescription for ‘economic doldrums’, euphemistically
speaking (there are articles/studies/data that dispute the purported
effectiveness of the widely hailed ‘Keynesian remedy’ during the prior great
depression), the ‘Keynesian way’ is certainly no longer a prudent approach
today in light of the insurmountable debt levels of nations worldwide and in
america particularly along with the concomitant over-printed, debased ‘paper
currencies’ to finance same. Quite simply, there simply is not enough real
value being created for redistribution, a situation exacerbated by the
parasitic lightening fast, computerized churn and earn high frequency trading
programs on fraudulent wall street (they should be prosecuted, jailed, fined,
and disgorgement imposed for extant frauds in the trillions now marked to
anything as per misguided legislated FASB rule change). [ America’s
debt woe is worse than Greece’s News (CNN) — ‘Our government is
utterly broke …The government’s total indebtedness is $211 trillion ’. 43,454,601,693,238 Reasons Why
The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17, 2011 http://www.economist.com/content/global_debt_clock ] .This is the consequence of a structural shift
fed by greed and misguided policy and cannot be undone (transfer of productive
capacity to ie., China, etc., ‘the bell cannot be unrung’). That said which
militates against such an extension, this is an election year which
probabilities suggest makes highly likely the passage of the extension. I favor
your co-sponsored legislation and before the holidays simply in the name and
spirit of Christmas and for no other reason whatsoever. Below is a recent
comment to Opinion Writer Krauthammer’s ‘more war spending (Keynesian)
position’ and an article regarding the folly of same. Immediately following is
from my prior post to you concerning something of such manageable proportion
and well within the government’s ability to resolve (if the government can’t
accomplish this consistent with law and long overdue, then there isn’t anything
the government can accomplish), along with other comments to you for ease of
reference:
‘…As previously noted in a
prior message to you, I had previously spoken to FBI Agent Bill Lewis in
Washington who was recently promoted to the FBI Headquarters Office (D.C.) from
the FBI office here in LA, and who was to be out of the office for the two
weeks past. I’ll be contacting him given a reasonable time for him to ‘catch
up’, from being out of the office. While independent contractor richard coan is
ultimately the one to bear the burden of damages (there’s insurance and a
surety covering same), coan might allude to the prior default of the u.s.
government (assist. u.s. atty. robert i. lester miscounted / miscalculated the
time for filing an answer / response to the complaint upon service thereof,
also misstating the rule in open court before corrupt judge matz who
‘schmoozed’ things over (they both have the same employer), however incorrectly
according to the ‘law’. I ordered / bought a copy of the transcript of that
rather pathetic proceeding (posted in part on my website). In any event,
regardless who pays me, the amounts so paid would ultimately be recovered from
coan, his insurer/surety which amounts might even exceed the amount I’m willing
to settle at. [There is also a judgment (referenced in the correspondence to
FBI ADIC Martinez infra) that had been entered in my favor in the case, United
States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth
approximately now in excess of $300,000 remains unaccounted for and which would
benefit Los Angeles, etc.; and then, of course as well, the substantial
damages. ] I’ve waited far too long for this matter to resolve, what should
have been resolved in accordance with clear law long ago; and, which would have
been resolved if not for typical u.s. corruption in the process; and, which is
well within the government’s ability to resolve. In my world and way of
thinking, results do count! I’ve included prior correspondence for ease of
reference…’
Sincerely,
Albert L. Peia
America also leads in the
illegal drug trade. In fact, many researchers reveal that the war on
drugs is only utilized to control and monopolize the illicit drug trade.
The US government has been caught multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now openly protects and transports opium from Afghanistan [ http://www.youtube.com/watch?v=ElEciFI0Pew ] . In fact, Global Research points out that in 2001, “according to UN figures, opium
production had fallen to 185 tons. Immediately following the October 2001 US
led invasion, production increased dramatically, regaining its historical
levels.” This month, the U.N. announced that Afghanistan now provides 93% of the
world’s opium production [
http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a
whopping 5800 tons. Although the empire tries to keep it secret,
they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm
Drug war hypocrisy: drug
trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on
the amount of drug trafficking that benefits the CIA and international banking
system. Natural News February 1, 2012 [ [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the
amount of drug trafficking that benefits the CIA and international banking
system. The son of a convicted notorious mobster, John Gotti Jr, when asked in
court if the family still dealt drugs cracked, “No, we can’t compete with the
government.”
The Criminal Banking Cartel's
End Game: A 100% Digital Monetary System
Posted by: smartknowledgeu Post date: 06/07/2012 The end game of this global
monetary crisis is the imposition of a 100% digital monetary system that would
permanently end what little economic freedoms we still retain today. Educate.
Resist. Fight... http://albertpeia.com/criminalcartel.htm { I agree with the thrust of this article which
I’ve yet to read in full; if only to emphasize that with a mouse
click/button/keystroke/enter you could easily be separated from your
money/wealth which is a formidable intimidating threat consistent with planned
subservience (and also facilitating manipulated fraud, etc.). And, don’t think
they wouldn’t do it, meaningless, arbitrarily enforced laws notwithstanding.
Don’t forget; government slugs all have the same employer. I experienced the
corruption first-hand: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm }
http://gainspainscapital.com { I’m constrained to add here what I believe
Graham Summers has not incorporated into his calculations; viz., that merkel
very well might not even want to be re-elected. That certainly seems to be the
case despite presumptions to the contrary. After all, there will ultimately be
no winners in this pathetic ponzi charade and ever growing debacle in the
making that she has seemed willing at every crucial juncture to countenance
despite it being antithetical if not diametrically opposed to german interests.
}
Tales Of The Unexpected: Who
Really Benefited From The Euro (Hint: NOT Germany) , Guest Post: A Final Word On
Those "Robust" July Retail Sales The retail sales figures from that perspective show a couple of very
clear points: 1. Last year's Christmas season was not only weak and
disappointing, it may have marked the inflection point in consumer spending (at
least as far as retail sales measure); 2. The July "improvement" is
far less impressive. June 2012 had an extra holiday shopping weekend, but
registered only a 3.3% improvement over June 2011. Without an extra holiday
weekend, July 2012 saw almost identical year-over-year growth; 3.4%. No matter
what or how weekends were arranged within the calendar context, non-adjusted
growth was not really all that inspiring in either month. If this inflection in
consumption is indeed valid, it makes sense that the early part of 2012 would
then experience economic “volatility” – revenue pressures at firms cause them
to cut back on capex or re-investment in real projects, including a decrease in
the pace of hiring new workers. Manufacturing falls off (seen in the ISM and
regional Fed surveys) as reduced demand from businesses works its way back into
this vicious cycle of employment malaise where job growth is consistently and
vitally below population growth or labor force expansion. As government
transfers drop off, the segment of the economy under the gun of stagnation
rises in proportion and the bifurcated economy becomes more so – except that as
the troubled half grows it inevitably pulls down the half doing relatively
well. What looks like a muddle of weak growth is really the rot of monetary
intrusions eating at what should be a free market-driven reset to the previous
dislocation of failures from past monetary episodes. And it is all in the name
of some ephemeral “wealth”. , Face-Off: FaceBerg Groupon'd
At Half-Off IPO Price Typical
of Comments: valwayne, After 3 1/2 years of Obama we have the
worst UNEMPLOYMENT since the Great Depression, the most DEBT in the history of
the world, the highest levels of POVERTY since since 1965, Solyndra, Fast &
Furious, the most people on foodstamps in history, and its getting worse folks.
In state after state after state. No Presidency has ever inflicted as much
damage on our nation, nor had his Presidency fail so terribly.
8-16-12 Dave’s Daily: http://www.etfdigest.com ‘QE TALK & MERKEL PROP STOCKS
8-16-12 Not to take anything away from Cisco (CSCO) earnings which beat by a
penny both on earnings and revenue, but the thrust of Thursday’s rally came
mostly on the heels of talk from on high. Former Fed governor Plosser stated
via the WSJ that Bernanke’s recent comments indicate QE3 is likely but he is
against it. Also, Angela Merkel revived talk that the euro must be saved as she
and the ECB were committed to do. Of course, her comments don’t mean some
current eurozone members like Greece will remain. China was also cited as a
stimulus for a rally Thursday as investors expect the government to cut bank reserve requirements. Basically it’s all about “expectations and talk” but
nothing beyond this. The euro situation will continue its wax on/wax off conditions;
bulls will expect more QE; and, China will stimulate. Leaving CSCO’s beat and
dividend increase aside, Walmart (WMT) also beat but the stock was sold.
Facebook (FB) with restricted stock now available for sale made fresh lows.
Let’s remember earnings aren’t that great overall, guidance has been modest to
weak overall, GDP is declining but bulls are looking ahead to more money
printing. After all today’s economic news was not supportive with the Philly
Fed (-7.1 vs -5 expected); Jobless Claims were weak (366K vs 366K and as more
fall off the rolls); and, Housing Starts and Permits were mixed. In fact as per
the latter it was the fourth worst reading on housing starts since 2009 and
2010. The dollar (UUP) weakened on Merkel’s comments and gold (GLD) rallied;
bonds (IEF) & (TLT) continued to see higher yields as investors rotate to
stocks; and, with the dollar weaker commodities (DBC) & (USO) were
stronger. Volume has slumped to levels not seen since 2006 which makes it very
easy for algos and HFTs to push markets in any direction. Breadth per the WSJ
was positive…’ , Finland
prepares for expected euro zone break up: report , Startling Evidence That
Central Banks And Wall Street Insiders Are Rapidly Preparing For Something BIG http://albertpeia.com/centralbankswallstreetinsidersprepforsomethingbig.htm , What Should Jon Corzine's
Hedge Fund Be Named?
Since over the past five years hedge funds are better known for coming
up with ingenious names, than for actually outperforming the market (recall that "the aggregate hedge fund index is now significantly underperforming
the S&P 500 (from both the top in 2007 and the lows in 2009"), we
hereby wish to do the Honorable Jon Corzine a favor, and save him the money he would otherwise spend on an
expensive naming consultant, by offering up the creative services of our
audience in conjuring the name for his future hedge fund. So dear ZH readers, take it away, although keep in mind Long-Term Capital
Vaporization LP appears to already have been taken by a patent troll (soon to
be likely sued by YHOO). , Guest Post: Financialization's
Self-Destruct Sequence Like all systems that follow an S-curve of
growth and decay, financialization cannot return to its growth phase. But there
is another dynamic at play: a self-destruct sequence triggered by central bank
and Central State efforts to reflate asset and credit/leverage bubbles. All
central bank and State policies aimed at driving capital into risk assets boil
down to reflating phantom assets purchased with debt by issuing more debt that
is based on newly issued phantom assets. Phantom assets purchased with debt
cannot be reflated by issuing more debt that is based on newly issued phantom
assets. Piling more debt/leverage on a sandpile of phantom assets (CDS, bonds
that cannot possibly be paid back, empty condos in the middle of nowhere, etc.)
only heightens the probability that the unstable pile will collapse. The implicit Central Planning campaign
to trigger "mild" inflation is part of the self-destruct sequence . Central planners metaphorically fight the last war, or at best the last
two wars, and so they remain blind to any dynamics that did not exist in their
case studies. , Deleveraging Needed In Next 4
Years: $28 Trillion
Over the past several years, there has been much speculation and
numerous reports that America is deleveraging. It isn't . In fact, consolidated across the 5
different kinds of American debt, which takes into account not only federal,
but also financial, municipal, household and non-financial, total debt as a
percentage of GDP has not budged over the past 4 years and is flat at 350% of GDP . Which simply means that all of the household debt that has supposedly
vaporized (at least until the next major Flow of Funds revision), all of which
has taken place purely from discharges on uncollectable mortgage and credit
card debt, has been replaced by federal debt, while financial debt has merely
soared to take the place of the collapsing shadow debt which is imploding as
the confidence in a Fed-free financial system erodes to zero. Which of course,
is the worst possible outcome: instead of funding private, individual
entrepreneurs, who are the true basis for America's historic growth, prosperity
and success (and who, unlike the government can and will fail if they dont allocated
capital efficiently ) the transferred debt
(from household to federal) merely goes to fund the unproductive components of
the US economy: the US government which by definition produces nothing, and the financial sector, whose only product is
financial innovation which serves to make the TBTFs TBTFer, and pay record
bonus after record bonus, and... that's it.
, Ann Romney on tax returns: ‘There’s nothing we’re hiding’ "I paid taxes every single year" is how Mitt Romney retorts to Harry Reid's charge that he paid no taxes
in some years. As Bloomberg reports , after review of his tax returns over the last decade, Romney always paid
at least 13% of his income in taxes.
, Retail Exodus From Stocks
Continues: Another $3.6 Billion Pulled Out Last week , A Modern Day Worker Revolt , Europe's Energy Costs See
Biggest Two Month Jump Ever , Guest Post: What To Do When
Every Market Is Manipulated What do the following have in common? LIBOR, Bernie Madoff, MF Global, Peregrine Financial, zero-percent
interest rates, the Social Security and Medicare entitlement funds, many state
and municipal pension funds, mark-to-model asset values, quote stuffing and
high frequency trading (HFT), and debt-based money? The answer is that every single thing in that list is an example of
market rigging, fraud, or both. How are we supposed to make decisions in
today’s rigged and often fraudulent market environment? Where should you put
your money if you don’t know where the risks lie? How does one control risk
when control fraud runs rampant? Unfortunately, there are no perfect answers to these
questions. Instead, the task is to recognize what sort of world we happen to
live in today and adjust one’s actions to the realities as they happen to be.
The purpose of this report is not to stir up resentment or anger -- although
those are perfectly valid responses to the abuses we are forced to live with --
but to simply acknowledge the landscape as it is so that we can make informed
decisions.
Guest Post: Assange Or
Corzine? The
issue at hand is the sense that we have entered a phase of exponential
criminality and corruption. A slavering crook like Corzine who stole $200 million of clients’
funds can walk free. Meanwhile, a man who exposed evidence of
serious war crimes is for that act so keenly wanted by US authorities that
Britain has threatened to throw hundreds of years of
diplomatic protocol and treaties into the trash and raid the
embassy of another sovereign state to deliver him to a power that seems intent
not only to criminalize him, but perhaps even to summarily
execute him . The Obama administration, of course, has made a habit of summary
extrajudicial executions of those that it suspects of terrorism , and the
detention and prosecution of whistleblowers. And the ooze of large-scale
financial corruption, rate-rigging, theft and fraud goes on unpunished.
{ From sun never sets, to sun never shines on
ever-declining britain along with pervasively corrupt defacto bankrupt america.
What losers in decline they’ve become. As further testament to that
unmistakable state of decline, america even has a nigger president … you can’t
get any lower! } Conflict Brewing Between UK
And Ecuador As Latin American Country Agrees To Grant Asylum To Assange Are we about to see a mini-war on UK soil,
if and when Britain decides to storm the Ecuadorian embassy, which moments ago
announced it has granted asylum to Julian Assange? From Reuters : "Ecuador
granted political asylum to Julian Assange on Thursday, ratcheting up tension
in a standoff with Britain which has warned it could revoke the diplomatic
status of Quito's embassy in London to allow the extradition of the WikiLeaks
founder. The high-profile Australian former hacker has been holed up inside the
red-brick embassy in central London for eight weeks since he lost a legal
battle to avoid extradition to Sweden, where he is wanted for questioning over
rape allegations. Ecuadorean Foreign Minister Ricardo Patino said he feared for
the safety and rights of Assange which is why he said his country had decided
to grant him asylum. "Ecuador has decided to grant political asylum to
Julian Assange," Patino told a news conference in Quito. Ecuador's
decision takes what has become an international soap opera to new heights since
Assange first angered the United States and its allies by publishing secret
U.S. diplomatic cables on his WikiLeaks website." The UK, needless to say,
is not happy, and the UK foreign ministry has said it will carry out binding obligation to extradite Assange
to Sweden . Looks like posturing is about to hit a crescendo and
someone will have to do something. Because foreign politics and diplomacy is
(luckily) not central planning.
Buchanan: 'Obama has steadily diminished both himself
and the office he holds'...
{ Indeed he has; and, that’s putting it mildly! } ‘…In an ad produced by the super PAC
Priorities USA, Mitt Romney is charged with moral, if not material, complicity
in the cancer death of the wife of a Missouri steelworker. Speaking straight
into the camera, Joe Soptic, 62, charges Romney with coldly shutting down the
plant where he worked and cutting off his health insurance. This, says Soptic,
left his wife without insurance to pay for her care, until, falling ill, she
went to a doctor, who discovered stage 4 cancer, which killed her in 22
days.Soptic implies a causal connection between Romney’s decision to shut the
plant and his wife’s death. The ad is a premeditated attempt to murder the
reputation of Mitt Romney. And from start to finish, it is a deception. The
truth. Mitt Romney gave up leadership of Bain Capital in 1999. The steel plant
was closed in 2001. Soptic lost his health insurance, but his wife was still
working and had hers. She lost her job and insurance in 2003. Her illness and
cancer were discovered in 2006, when Romney was ending his fourth year as
governor of Massachusetts…’ { It’s
really quite amazing: everything but the facts/truth from wobama et als.
Actually, wobama has a real tax evader in his ranks; viz., tiny tim geithner
who asserted the statute of limitations to get out of paying taxes that were
rightfully due. Should President Romney as a rational business man whose record
at Bain was conceded by Bill Clinton to have been sterling have instructed his
accountants to forget all they know about accounting/taxation and do a bad job
(now doing a bad job is something that failed president wobama can identify
with and knows something about). Then there’s dirty harry: Drudgereport: HARRY REID HELPS CHINESE SOLAR FIRM REPRESENTED -- BY HIS SON! PAPER: It's time to fight back against Dirty Harry...
Wife: Rep. Jesse Jackson Jr. getting treatment but
'still very depressed'... Ethics investigation continues...
BIASED MEDIA BASH: 86% of Romney coverage NEGATIVE... { Friday Humor: (obama last
campaign) "I Am Pledging To Cut The Deficit We Inherited By Half By The
End Of My First Term In Office"
ZeroHedge.com Wow! The only explanation
might be they’ve been duped by wobama along with the rest of the nation and are
too embarrassed for not doing their reasonably expected due diligence on
grifter obama and just won’t own up to the reality of the fraud called wobama!
Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit
For 2011: 5 Trillion Dollars
http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S.
Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse
than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one
looks…The government’s total indebtedness is $211 trillion ’ … ) Obama's Five Trillion Dollar
Lie http://albertpeia.com/obamas5trilliondollarlie.htm [ the economy is already in depression in real terms when taking into account real
inflation numbers. Financial Crisis Phase II Is
Ahead at Forbes Bert Dohmen ‘ In late 2007, I
wrote the book Prelude To Meltdown , predicting the global crisis that
occurred the following year. I now see a similar confluence of events ..
“the new recession has started.”… Over the past 33 years, we have called the
start of every recession..Currently, the GDP deflator is 1.8%, which hardly reflects
the true rise in prices. Therefore, what is counted as “growth,” is actually
price increases. Actual inflation..is now more than 11%. Using that to adjust
GDP for inflation, would show that the economy is now in a very sharp
contraction…’] } Boehner: Obama has 'never even had a real job, for
God's sake'... O BRINGS BACK TELEPROMPTER... REPORT: Warnings ignored in Solyndra loan...
Prisonplanet.com
| The Thomas More Law Center has announced that it has filed a federal lawsuit
against Homeland Security Secretary Janet Napolitano.
Shocking Federal Lawsuit
Against DHS Napolitano: Big Sis Favored Her Gal Pals, Treated Male Staffers
“Like Lapdogs,” Her Female Staff Tormented Male Employees with “Sexually
Charged Games” { Whoa! Lapdog
to Napolitano! Whew! Ew! Wow! Yuck! After all, jano almost makes mo reno look
like a beauty queen! I’m starting to get dry heaves! …In the suit Hayes also
accused Napolitano’s chief of staff at ICE, Suzanne Barr, of repeated 'sexually
offensive behaviour' intended to 'humiliate and intimidate male employees'.On
one occasion, Barr called a colleague in his hotel room and screamed using
sexually explicit language, telling him she 'wanted his c*** in the back of
[her] throat' (of course, this impressionable lesbian must have seen ‘deep
throat’; maybe she really thinks there’s a possibility she has a clitoris in
the deep recesses of her throat…or not…just kidding). Might this be behind
(pun) the sadistic groping of TSA. Pretty sordid stuff, indeed! }
Hayes claims he 'felt that he was being targeted because of his gender'
and witnessed Barr repeatedly picking on men. She 'created a frat-house type
atmosphere that is targeted to humiliate and intimidate male employees',
according to court papers. In 2009 she 'removed the entire contents of the
offices of three male employees, including nameplates, computers and
telephones, to the men’s bathroom at ICE headquarters'. Read more: http://www.dailymail.co.uk/news/article-2186507/Janet-Napolitano-favoured-woman-long-relationship-job.html#ixzz23ERN7rMx }
http://albertpeia.com/nationalconsequencesofenslavementtobankers.htm { I really have to tell you, I’d rather be
enslaved by bankers than … Jano, see supra … Just kidding! Neither, is my real
answer! }
8-15-12 Dave’s Daily: http://www.etfdigest.com ‘It’s hard to imagine markets
being this quietly determined to move higher without any dissent. Bears are in
hibernation consistently put-off by fear of QE3 and HAL 9000s. (Rosengrens & Fisher duel
over QE .) Economic data remains mixed with some
better housing data but much worse manufacturing data given today’s poor Empire
State Mfg Survey (-5.85 vs 7 expected & prior 7). Within that data was very
poor employment trends and much higher prices paid data.The CPI came in flat
which was strange given the 20% rise in most energy prices. The Homebuilders
Sentiment rose to 37 from 35 which is the highest since February 2007 but we
know what happened after that. Industrial Production was slightly higher (.6%)
and energy inventories dropped substantially allowing for more price gains.A
chart from the Fed shows “completed” new homes and presents a rather different
picture. http://albertpeia.com/newhousingunitscompleted.jpg Meanwhile eurozone bulls remain
enthusiastic there will be a “fix” even as Germans continue to shout “nein,
nein, nein.” I guess bulls just don’t believe German rhetoric.Little noticed in
headlines are higher energy costs stimulated by more war talk with Iran and
much lower inventory data. Saudi Arabia, Qatar and the UAE just ordered all
their citizens to leave Lebanon immediately as the Syrian conflict escalates
and headlines shout Israel is preparing an attack on Iran. Given such a
publicized headline might mean it’s not going to happen, at least not right
away. If Obama is successful in securing a second term I doubt he’ll be
attacking anyone other than RNC headquarters.Beneath the surface are some
disturbing preparations the government is engaging in. The Fed and Treasury
have asked the TBTF banks to prepare an emergency plan should there be an
economic collapse. Homeland Security has been practicing for civil disorder on
a massive scale. Over the past two days several articles have appeared suggesting various government agencies are ordering massive amounts of
deadly hollow point bullets as noted. This is all quite disturbing and not
denied by the government. I sound paranoid.As noted stocks continued their
stealth rally led mostly by tech (XLK), bonds continued to sell-off during
current auction, commodity prices (DBC) were higher, and the dollar (UUP) was
slightly stronger putting gold (GLD) back on the defensive.Trading volume is
the lowest since 2007 as the summer wears on and most investors must be
awaiting Jackson Hole results. Breadth per the WSJ was positive overall…’ ,
EUROPE HAS TWO POTENTIAL “HAIL MARY” PASSES … WOULD EITHER OF THEM WORK
{ Short Answer: NO! } ? http://albertpeia.com/europesbailmario.htm , THE CODY WORD Prepare for the crash
now. , The Hoarding Continues: China
Has Imported More Gold In Six Months Than Portugal's Entire Gold Reserve ZeroHedge.com , Guest Post: The Biggest Conflict
Of Interest In Finance? Maybe this is a naive question, but as
Goldman clients get skinned again and again and again and again and again by Goldman’s failed calls — while Goldman itself continues
to rack up prop trading profits — I keep wondering
just why anyone would take investment advice from a trading firm? And beyond
that, why is it even legal for trading firms to advise clients? Isn’t this the
biggest conflict of interest possible? We know firms including Goldman have
advised clients to buy junk that the trading arm wants to get off its
books. , Spot The Looming Crisis Yes, we all know that Europe is
in deep, deep, trouble, and we all know that Europe has a major fiscal deficit
issue which is why well over half of the Eurozone is effectively locked out of
the capital markets, and only has funding courtesy of various back door Ponzi
schemes funded by the ECB, and we also all know that on a consolidated basis
Europe's debt/GDP is very high. But the truth is that at least Europe is taking
small steps to rectify its historic profligacy and is at least pretending to be
implementing austerity (in some cases actually truly doing so). How about the
US. Well, the chart below should answer that particular question. Because while
the consolidated GDP of the US and Europe are nearly identical, they differ
very materially in terms of both fiscal deficit, and total Debt/GDP. The chart
below shows precisely where the differences lie between the United States of
Europe and the United States of America.
, Guest Post: Former Central
Bankers Step Up Against The Central Banks , Fed's Fisher Reluctant To
'Bail Out White House' With More QE It was not enough that the Fed's Richard
Fisher was 'allowed' on CNBC this afternoon to expropriate himself and his
merry-Fed-men from his 'fanatical' colleague nemesis Rosengren; but Maria B., for one glorious moment, asked a question so
sensible it was stunning: "Is The Fed Bailing Out The White House?" The notably business-man-background Fisher was wonderfully heretical in
explaining that additional stimulus would have little impact, that the Fed's
action would indeed 'look political', and that "US lawmakers need to get
their fiscal act together." While he doesn't see a high likelihood of a
recession in 2013, he comprehends clearly the wait-and-see 'defensive crouch'
that businesses are in given the huge uncertainty. On a slow day, with so much
print-and-it's-all-fixed hope, the clarifying vision of at least one man on the
FOMC is perhaps worth holding onto.
, Global Car-Maker Channel Stuffing
Conspiracy 'Theory' Now Conspiracy 'Fact' , Guest Post: The Sentinel Case
- Another Nail In The Coffin Of 'Market Confidence' , Crushed Consumption: The
Unintended Consequence Of Bernanke's Arrogance With the Fed lowering interest
rates and flattening the curve in an effort to squeeze any- and every-one into
risk-assets and mal-investment; the sad truth of this action is that it forces
a drastic unintended consequence on the growing population of people that
actually care about the future. Critically, as Citi points out, lower yields require much higher rates
of saving (both corporates and households) and while 10% of salary allocated to 'retirement savings' will meet its
goals with a 4% return hurdle, at current low yields, the average-joe in the street will need to
'save' 25% of his income - cutting heavily into his current consumptive and
discretionary iPad needs . , Summarizing America's Record
Drought In One Picture , Crude Spikes On Renewed
Mid-East War Fears As Saudi Arabia Recalls Lebanon Citizens , Guest Post: We Are All Muppets
Now
Muppets only complain when the prop jobs and skimming fail to deliver
fat gains to their accounts. But being a muppet is being a mark: it's the muppets who
are being milked and skimmed . Being a participant
in a hopelessly compromised, rigged market makes us marks because we're
ultimately providing liquidity and capital for the players to skim. When the officially sanctioned
intervention finally fails and the market leaks 40% of its current value, the
muppets will finally understand the "outsized returns" were just a
con used to entice them into playing digital 3-card monte . The game is rigged, but the greed of the player overrides his skepticism
and caution. The same can be said for pension funds and all the other
institutional players. Desperate for yield, they've foolishly ponied up
hundreds of billions of dollars to play 3-card monte with crooked dealers and a
crooked house. , On GDP vs Equity Returns, Bill
Gross Is In Fact Right... With A Twist … Hence, equities for the short- and
long-term, are essentially a Ponzi scheme …
, Killing The 'Stocks Are Cheap'
Myth Once And For All Submitted by Tyler Durden
Investors Shift
Money Out of China ( WSJ )
Rajoy Risks
Riling ECB in Bid to Avoid Union Ire ( Bloomberg )
Romney-Ryan See
Fed QE as Inflation Risk Amid Subdued Prices ( Bloomberg )
Spanish savers
offered haircut then money back ( FT )
Must wipe all
traces of illegality and settle for $25,000: Standard Chartered Faces Fed
Probes After N.Y. Deal ( BBG )
Greece debt
report backs cuts plan ( FT )
Greece seeks
two-year austerity extension ( FT )
Brevan Howard
Looks To U.S. To Raise Money For Currency Fund ( Bloomberg )
Can he please stop buying gold? Paulson, Soros Add
Gold as Price Declines Most Since 2008 ( Bloomberg )
BOE Drops
Reference to Rate Cut as It Considers Policy Options ( Bloomberg )
EU Banking
Plans Asks ECB to Share Power, Documents Show ( Bloomberg )
The Mississippi River Is
Drying Up http://albertpeia.com/mississippidryingup.htm
8-14-12 Dave’s Daily: http://www.etfdigest.com ‘DATA MANIPULATION UNDER COVER Retail Sales data was released
Tuesday and on the surface the headline data was a pleasant surprise.
Expectations were for a rise of .3% but the number came in at .8%. One very
sour note was June data was revised to -.7% from -.5% which was a bummer. But
the real story was in a new calculation method by the census bureau (ably
assisted by the Bank of Spain…I kid you not) changed their methodology for
seasonal adjustments as noted HERE & HERE . Without this adjustment the data would
have showed a -.9% decline. This follows along with all the adjustments made in
the CPI (released tomorrow) since 1980 that made inflation data always look
better ultimately and Employment data with birth/death adjustments.Other data
released today included the PPI (.3% vs .2% expected & prior .1%) and
Business Inventories which fell (.1% vs .2% expected & prior .3%)In the
eurozone German Economic Minister Phillip Roesler stated Greece would not get a
third aid package if it did not implement reforms, stating: “We don’t’ want the
Greek government to be insolvent but we could deal with the consequences if
necessary.”While German economic data was weak, it wasn’t as weak as feared
Tuesday causing a rally in the DAX. Nevertheless the 17 nation EMU economy
overall is moving into recession with -.2% GDP.
But expectations are high the ECB and other central banks would be injecting
more liquidity and bailouts sending most shares higher. Speaking of central
banks, the Bank of Japan released minutes indicating they would be will to do
more QE and the PBOC is now actively in the process of doing reverse repos
providing short term lending to banks.Earnings saw good results from Home Depot
(HD) but more disasters in social media stocks (SOCL) where (ZNGA), (FB) and
now (GRPN) have lost nearly $58 billion since their share issuance. This is reminiscent
of the dotcom days.The dollar (UUP) was flat and gold (GLD) was weaker. Crude
oil (USO) recovered from Monday’s late selling given ongoing troubles in
Norway, Iran sanctions and Middle East tensions. Commodity markets (DBC)
overall were mildly higher with energy but weakness in agricultural markets.
Bond markets (IEF) were weaker in advance of another round of auctions
Wednesday.U.S. stocks drifted about aimlessly and are no doubt waiting for more
important data as this week unfolds. Further bulls look for a QE3 outcome from
the Jackson Hole rendezvous near the end of the month.Volume was once again
very light and breadth per the WSJ was mildly negative…’ , You Will Not Believe What Some
People Are Willing To Do For A Paycheck These Days http://albertpeia.com/desperateforapaycheck.htm , Dan Loeb Purges Portfolio,
Cuts Over Two Thirds Of Equity Holdings, Adds 25 New Positions ZeroHedge.com , S&P 500 Futures 'Plunge'
1.25 Points - Most In 10 Days!
, Bill Gross On Where "Bad
Bonds Go To Die": Joins Paul Singer In Hatred Of Treasurys A week ago we brought you Elliott
Management's summary opinion on US paper: "We Make This Recommendation To
Our Friends: If You Own US Debt Sell It Now ." Today,
Bill Gross doubles down. Gross: The #Fed is where bad
bonds go to die. Today it was 10-years. Tomorrow 30-years. Stay short my
friends. , Is Investment Grade Issuance
Driving Treasury Weakness (Again)?
, NY State Regulators Settle
With Standard Chartered At 0.14% Transaction Fee *NEW YORK SETTLES PROBE OF STANDARD
CHARTERED FOR $340 MLN .. the $250
billion of 'laundering' transactions - sanctions/terrorism/drugs-related or not
- are settled for a 0.14%
transaction fee (that'll teach 'em!) . In other words, Std Chartered's IRR for committing years of crime is 714% . Finally this
is a whopping 1.9% of the bank's entire
2011 revenues, or in other words they had to hand over 7 days of revenue (assuming a
365 day work week). Of course there are other fines/penalties to come but it
looks like someone got a little over-excited at the regulators or as we note,
STANCHART had some bottom-drawer details no one wanted outed. And now,
employees of US "regulators," "enforcers" and various other
"crime fighting" organizations can look forward to submitting their
resumes to the British banks all over again.
, What Happened The Last Two
Times VIX Closed Below 15%?
VIX has only rarely traded below 15% during 'new normal' times. The
period from 2004 to early 2007, the so-called 'Great Moderation', saw VIX
average 13.6% - at the time stunningly low (and notably where VIX closed
yesterday). While looking at VIX alone can be misleading (with regard to
the term structure differences and realized vol premia), it is nevertheless a
gauge of market's expectations of return volatility in the short-term - however
contemporaneous that is. Following
the two times that VIX first closed below 15%, the S&P 500 has suffered
from a 5.25% and 7.75% plunge in the following two months - and each
time saw a quick post-VIX-plunge pop in stocks that provided better entry
levels for shorts. High Yield credit also
stumbled hard widening 80 and 150bps respectively . , Guest Post: Heightened
Expectations And The Collapse Of Credibility , Mark Grant And Rick Santelli
On Europe: "It's A Ponzi Scheme To Be Honest With You" , Mystery Of July Retail Sales
"Beat" Solved: It Is All In The "Seasonal Adjustment" The July retail sales beat came as a
surprise to many: an 0.8% increase (full series here ) at a time
when the data was supposed to grow at less than half this would surely be
indicative of a potential turnaround in the US economy. Then we decided to do a
quick spot check if maybe the Census Bureau had not adopted one of the BLS'
worst habits: fudging seasonal adjustment factors. The reason for this is
because we happened to notice that Not Seasonally Adjusted ( full series here ) retail sales
data in July actually declined by 0.9% from $405.8 to $402 billion . Of course, if
the Census Bureau was using a consistent, or at least remotely comparable July
seasonal adjustment factor as it has in the past, this would make sense and we
would move on. So we decided to look at what the July seasonal adjustment
variance over the past decade has been. What we found would have shocked us if
indeed this is not precisely what we expected: with the July seasonal adjustment factor routinely
subtracting a substantial amount from the NSA number, averaging at -$5.2
billion, in 2012, for the first time this decade, the seasonal adjustment not
only did not subtract, but in fact added "value" to the NSA number,
resulting in a seasonally adjusted number that was $1.9 billion higher than the
NSA number at $403.9 billion .
, The Financial Decline In
Europe Continues As Industrial
Production falls -0.6% in Europe and as the economy shrinks -0.2% there is once
again a good reason to pause to consider the ramifications for this going
forward. When you sit back and take a hard look at the last two years you begin
to learn a few things. If you just stick to the actual data and forget the
rhetoric that surrounds it the picture becomes clearer. Each and every projection for Greece, Spain and Italy
that has been forecast by the EU and the IMF has been wrong; dead wrong . Europe is
getting worse and not better. Whether you turn your attention to Greece, Spain,
Italy, Portugal or even Ireland; it
is getting worse . Nowhere on the Continent are things improving and even
in France and Germany the financial strains are beginning to show. It is not a
question of Euro-bear or Euro-bull; it is just the numbers as they come rolling
out month after month. It
is the banks, it is the sovereigns and grand visions must, in the end, give way
to the facts.
Factory owners: Federal
prisoners stealing our business
CNN | Unicor’s
prisons pay inmates as little as 23 cents an hour to make goods for the
Pentagon and other federal agencies.
You Will Not Believe What Some
People Are Willing To Do For A Paycheck These Days
The
Economic Collapse | It is absolutely amazing what some people will do to make a
living in this economy.
Ryan’s Fiscal Policy:
Austerity for the Plebs, Bombs and Bullets for the Warheads
Kurt Nimmo | And more
play dough for the sharksters on Wall Street.
‘It’s a free. F***ing.
Country’: Jamie Dimon’s foul-mouthed rant as JP Morgan boss attacks ‘banker
bashers’
thisismoney.co.uk
| Jamie Dimon, the boss of blue blooded US investment bank JP Morgan, has
launched a foul mouthed attack on ‘banker bashers’.
Alan Simpson Confirms Reality:
“All The Things You Love Will Not Come To Pass”
Zero
Hedge | Alan Simpson laid out the sad and terrible truth that none of us or our
politicians can handle in a very direct and sincere interview withBloomberg
TV’s Deirdre Bolton.
Treasury: U.S. to lose $25
billion on auto bailout
Detroit
News | The Treasury Department says in a new report the government expects to
lose more than $25 billion on the $85 billion auto bailout.
High School Dropout? Gov’t
Will Pay You 36% More Than Private Sector
CNS
News | People who drop out of high school and get a job with the federal
government earn, on average, 36 percent more in wages and benefits than their
dropout counterparts in the private sector.
Dave’s Daily: http://www.etfdigest.com COMPLACENCY IN LATE AUGUST 8-13-12 { Complacency? More like insanity as
market reactions were the logical opposites to what the data would dictate,
infra. But, that’s been true for quite some time on fraudulent wall
street. } ‘Many investors follow the
VIX (CBOE Volatility Indicator) which measures put buying on the S&P 100
Index. Readings become elevated when the VIX rises above 20. When it rises
greater than 30, generally “fear” would be dominant. When the indicator is
below 20 “complacency” is present as put buying (betting equity prices would
decline) falls. The VIX has been steadily falling the past month and has
reached lows not seen since March (13.66) just before the previous correction
took place. The record VIX low in contemporary views was in late December 2006
(8.6) and we know what happened the following February as investors started to
confront financial issues with a major bear market in next pushing the reading
above 20. Currently the VIX fell below 14 which is close enough
to where we were in March. Also, as you’ll note from within the chart below
we’re now at a weekly Demark sequential 9 count which is often a precursor to
“trend exhaustion”. It’s not a perfect indicator, and few are, but given its
nearness to March lows plus a light volume rally we should be impressed by it.
It was enough to cause us to lighten up equity exposure at the opening of
trading on Monday. Sometimes a reading like this will fail to produce a
reaction and the indicated market may just move sideways or ignore it entirely.
(Sideways was what occurred January 2012 with previous 9.) If the market
ignores it may only be because volume is so light pricing insurance via puts is
more difficult. One thing the VIX isn’t from my experience is a shorting
indicator from this reading meaning a time to step aside. Also fading ZIRP and
QE hasn’t been a winning strategy of late. If so, and markets just continue
higher, we’ll just have to get back in the markets as before. That said, for subscribers to the ETF Digest we noted on
Friday that of the 600 ETFs and indexes we monitor, over 200 had weekly 9
readings. That’s impressive.I put this out there for your interest knowing
perhaps it will lead to little in this odd environment we’re in.The VIX fell
even more on Monday as late day dip buyers stepped quickly into markets in the
afternoon. It may take a week or two to know if this DeMark view is effective
or not. Further there are other tools available to assess the
situation.Meanwhile in the eurozone a lawsuit was filed in Germany challenging
the legality of the ESM (European Stability Mechanism) which may cause a delay.
A rather bizarre article from Bloomberg discussed
confusingly the situation with Germany specifically. Also key members of the
German government are hinting at no further assistance for Greece which
shouldn’t surprise. Perhaps we’ve dragged the Greek drama out long enough that
a failure would be nonevent.Stocks were lower from the opening and the DJIA was
down nearly 100 points only to rally once again on dip buying in the afternoon.
Homebuilder stocks (XHB & ITB) were much higher despite new home sales being 50% below average . The dollar
(UUP) was weaker as the euro rose oddly given the lawsuit; gold (GLD) was
lower; bonds (IEF) were slightly weaker; and, commodities overall were weaker
(DBC) particularly as grains (JJG) sold-off. Volume remains incredibly light
even by mid-August standards but more economic data should change that starting
Tuesday. Breadth per the WSJ was mildly negative…’ , Are The Government And The Big
Banks Quietly Preparing For An Imminent Financial Collapse? http://albertpeia.com/imminentfinancialcollapse.htm , Deep Fried Black Swan Lands As
China Admits It Has A Food Inflation Problem, Releases Corn, Rice From Reserves ZeroHedge.com , Volume Crashes As S&P 500
Breaks Winning Streak Even And VIX Plunges To Five Year Lows The cash S&P 500 closed very modestly in
the red - but tried its best into the end of the day-session to get green to
make it seven-in-a-row. After-hours, amid heavier block size, S&P 500
e-mini futures (ES) pushed up to the overnight highs and tried to hold green
but failed. NYSE volume plunged -
almost unbelievably to be frank - to its lowest non-holiday-trading day volume
in over a decade . Intraday ranges remain tiny and average trade size unremarkable
as ES is still suffering from the post-Knight slashing in volume (down 45%!!). Are we witnessing Gross' death of equities? , Group Selling In Groupon After
Hours , Thai Senator
"Accidentally" Kills Secretary With Submachine Gun, Has Arrest
Immunity, Faces $636 Fine
, Charting The Lost Generation
Of Investors There is a
segment of the Baby Boomers that will never return to investing in equities
because the last 12 years has produced a lack of returns with relentless volatility
and scary headline news. BofAML's Mary Ann Bartels notes that equity holdings as a percentage of financial assets
peaked in 2000 and have been declining ever since . This same
behavior occurred last time the market traded sideways from 1966-1984 (16
years) and we clearly face the risk of more years of sideways trading to come
as cumulative bond and equity flows show no
sign of letting up at all .
, Guest Post: How Badly Does
Wall Street Want A Romney Presidency?
Does Wall Street really
want a Romney Presidency? Or could Wall Street not care less,
because they know that both sides will gladly do their bidding? After all it’s
not like Obama has tried to jail corrupt bankers — Corzine, who after raiding
segregated accounts is surely up there with the most corrupt guys on Wall
Street — has been bundling for Obama as recently as April. Ignore the
chickenshit donations. If markets fall significantly between now and November —
1300, 1200, 1100, 1000 — the powers that be on Wall Street want a Romney
presidency. After all, it’s not only possible but extremely easy to
deliberately crash the market. No
S&P crash? They’re happy to stick with Obama. , Spiegel: Investors Prepare For
Euro Collapse , Bronze Is The New Gold And Why
Swallowing Aliens Never Ends Well
, Bayou's Ponzi, Vodka And
Cocaine, Murder, And Frontrunning The Fed's "Secret" Bond Market , Bernanke's Dilemma: How US
Corporations Became Addicted To Endless QE ,
Oil hits 3-month high above $114 on supply concern (Reuters ) , How to Spot – and Defeat –
Disruption on the Internet Posted by : George Washington Post date: 08/13/2012 - 15:43 The 15 Rules of Web Disruption
David
Martin’s Thirteen Rules for Truth Suppression 25 Rules of Disinformation Disinformation: How It Works
We’ve
seen a number of tactics come and go over the years. Here are the ones we
see a lot of currently.
#1.
Start a partisan divide-and-conquer fight or
otherwise push emotional buttons to sew discord and ensure that cooperation is
thwarted. Get people fighting against each other instead of the corrupt powers-that-be . Use baseless caricatures to rile
everyone up. For example, start a religious war whenever possible
using stereotypes like “all Jews are selfish”, “all Christians are crazy” or
“all Muslims are terrorists”. Accuse the author of being a gay,
pro-abortion limp-wristed wimp or being a fundamentalist pro-war hick
when the discussion has nothing to do with abortion, sexuality, religion, war
or region. Appeal to people’s basest prejudices and biases. And – as
Sweeney explains – push the author into a defensive posture:
Sidetrack
opponents with name calling and ridicule … Associate opponents with unpopular
titles such as “kooks”, “right-wing”, “liberal”, “left-wing”, “terrorists”,
“conspiracy buffs”, “radicals”, “militia”, “racists”, “religious fanatics”,
“sexual deviates”, and so forth. This makes others shrink from support out of
fear of gaining the same label, and you avoid dealing with issues.
#2.
Pretend it’s hopeless because we’ll be squashed if we try. For example,
every time a whistleblower leaks information, say “he’s going to be bumped
off”. If people talk about protesting, organizing, boycotting,
shareholder activism, spreading the real facts, moving our money or taking
other constructive action, write things to scare and discourage people, say
something like “we don’t have any chance because they have drones and
they’ll just kill us if we try”, or “Americans are too stupid, lazy and
greedy, so they’ll never help out.” Encourage people to be apathetic
instead of trying to change things.
#3.
Demand complete, fool-proof and guaranteed solutions to the problems being
discussed. For example, if a reporter breaks the story that the big
banks conspired to rig a market, ask “given that people are selfish and that no
regulation can close all possible loopholes … how are you going to change human
nature?”, and pretend that it’s not worth talking about the details of the
market manipulation. This discourages people from reporting on and
publicizing the corruption, fraud and other real problems. And it ensures
that not enough people will spread the facts so that the majority know what’s
really going on.
#4.
Suggest extreme, over-the-top, counter-productive solutions which will hurt
more than help, or which are wholly disproportionate to what is being
discussed. For example, if the discussion is whether or not to
break up the big banks or to go back on the gold standard, say that everyone
over 30 should be killed because they are sell-outs and irredeemable, or
that all of the banks should be bombed. This discredits the attempt to spread
the facts and to organize, and is simply the web method of the provocateur .
#5.
Pretend that alternative media – such as blogs written by the top experts in their fields, without any middleman – are untrustworthy or are
motivated solely by money (for example, use the derogatory term “blogspam” for
any blog posting, pretending that there is no original or insightful reporting,
but that the person is simply doing it for ad revenue).
#6.
Coordinate with a couple of others to “shout down” reasonable comments.
This is especially effective when the posters launch an avalanche of comments
in quick succession … the original, reasonable comment gets lost or attacked so
much that it is largely lost.
#7.
Use an army of sock puppets . You can either hire low-wage
workers in India or other developing countries to “ astroturf ” or – if you work for the government – you can use
software which allows you to quickly create and alternate between numerous false identities,
each with their own internet address .
#8. Censor social media , so that the hardest-hitting
information is buried . If you can’t censor it, set up “free speech zones” to push
dissent into dank, dark corners where no one will see it.
#9.
When the powers-that-be cut corners and take criminally reckless gambles with our lives and our livelihoods , protect them
by pretending that the inevitable result - nuclear accidents , financial
crises , terrorist attacks or other disasters – were
“unforeseeable” and that “no could have known”.
#10.
Protect the rich and powerful by labeling any allegations of
criminal activity as being a “conspiracy theory” . For
example, when Goldman gets caught rigging markets, label the accusations as
mere conspiracies.
The
following 4 tactics from Sweeney are also still commonly used …
#11.
Become incredulous and indignant. Avoid discussing key issues and instead focus
on side issues which can be used show the topic as being critical of some
otherwise sacrosanct group or theme. This is also known as the “How dare you!”
gambit.
#12.
Use a straw man. Find or create a seeming element of your opponent’s argument
which you can easily knock down to make yourself look good and the opponent to
look bad. Either make up an issue you may safely imply exists based on your
interpretation of the opponent/opponent arguments/situation, or select the
weakest aspect of the weakest charges. Amplify their significance and destroy
them in a way which appears to debunk all the charges, real and fabricated
alike, while actually avoiding discussion of the real issues.
#13.
Hit and Run. In any public forum, make a brief attack of your opponent or the
opponent position and then scamper off before an answer can be fielded, or
simply ignore any answer. This works extremely well in Internet and
letters-to-the-editor environments where a steady stream of new identities can
be called upon without having to explain criticism reasoning — simply make an
accusation or other attack, never discussing issues, and never answering any
subsequent response, for that would dignify the opponent’s viewpoint.
#14.
Question motives. Twist or amplify any fact which could so taken to imply that
the opponent operates out of a hidden personal agenda or other bias. This
avoids discussing issues and forces the accuser on the defensive.
#15.
Associate opponent charges with old news. A derivative of the straw man
usually, in any large-scale matter of high visibility, someone will make
charges early on which can be or were already easily dealt with. Where it can
be foreseen, have your own side raise a straw man issue and have it dealt with
early on as part of the initial contingency plans. Subsequent charges,
regardless of validity or new ground uncovered, can usually them be associated
with the original charge and dismissed as simply being a rehash without need to
address current issues — so much the better where the opponent is or was involved
with the original source.
Postscript:
Over a number of years, we’ve found that the most effective way to fight
disruption and disinformation is to link to a post such as this one which
rounds up disruption techniques, and then to cite the disinfo technique you
think is being used.
Specifically,
we’ve found the following format to be highly effective in educating people in
a non-confrontational manner about what the disrupting person is doing:
Good
Number
1!
Or:
Thanks
for that textbook example of Number
7!
(Include
the link, so people can see what you're referring to.)
The
reason this is effective is that other readers will learn about the specific
disruption tactic being used … in context, like seeing wildlife while holding a
wildlife guide, so that one learns what it looks like “in the
field”. At the same time, you come across as humorous and
light-hearted instead of heavy-handed or overly-intense.
Try it
… It works.’
8-10-12 Eric Sprott: The Solution…Is
The Problem, Part II
ZeroHedge.com When we wrote Part I of this paper
in June 2009, the total U.S. public debt was just north of $10 trillion. Since
then, that figure has increased by more than 50% to almost $16 trillion, thanks
largely to unprecedented levels of government intervention. Once the exclusive
domain of central bankers and policy makers, acronyms such as QE, LTRO, SMP,
TWIST, TARP, TALF have found their way into the mainstream. With the aim of
providing stimulus to the economy, central planners of all stripes have both
increased spending and reduced taxes in most rich countries. But do these
fiscal and monetary measures really increase economic activity or do they have
other perverse effects?... The politically favoured option of financial
repression and negative real interest rates has important implications.
Negative real interest rates are basically a thinly disguised tax on savers and
a subsidy to profligate borrowers. By definition, taxes distort incentives and,
as discussed earlier, discourage savings.... The current misconception that our economic salvation
lies with more stimulus is both treacherous and self-defeating. As long as we
continue down this path, the “solution” will continue to be the problem. There
is no miracle cure to our current woes and recent proposals by central planners
risk worsening the economic outlook for decades to come. , Guest Post: Moral Relativism
And Patriotism As Weapons Of The State
The first step toward
liberty is to see through the masking fog the state engulfs itself in to carry
out its deeds of conquest. Using reason to discover absolute
truths is an essential part of determining how one should live their life in
accordance with sound ethics. Relativism denies this. It can deny
that evil is committed by the state and that reprehensible acts are perfectly
okay when done by individuals with guns and badges. All it takes to
reverse such destructive thinking is the realization that state authority
deserves no pass in moral scrutiny. Withdrawing consent comes next on the path to a free
society. , Former Defense Secretary Says
US Will Probably Enforce "No Fly Zone", "Take Aggressive Action"
Over Syria Three months to
the election? Check. Which means war-mongering rhetoric, once considered a
staple of the GOP, may very soon become action, first in Syria, and soon,
everywhere else. From Bloomberg : " The U.S. and allied forces probably will impose a “no-fly
zone” over Syria and take other “more aggressive action” against the Syrian
regime, former Defense Secretary William Cohen said. While the U.S.
has been leery of another military intervention after a decade of wars, “We’re
coming to the point, however, where the violence is getting so severe, I think,
that you’ll see a movement towards setting up those no- fly zones,” Cohen said
on Bloomberg Television’s “Political Capital with Al Hunt” airing this
weekend." Is war and immediate geopolitical escalation guaranteed? Not
yet: "The former Pentagon chief and Maine senator, now chairman and chief
executive officer of the Cohen Group consulting firm in Washington, said any
U.S. military action would depend on participation and support from
allies." Although desperate times, and by that we mean unfavorably
trending popularity ranking, will certainly require desperate measures. Such as
the continued massive build up of US naval assets in the middle east. , Presenting The Ultimate
'Muppet' Indicator Today's MANU
fiasco tipped the scale on the dichotomy between the seeming exuberance that
occurs on the stock exchange floors (and the incipient media attached to it)
and the reality of what an IPO is and what exchanges do. Since the middle of
last year - when the impossible was suddenly made possible by the US debt
downgrade and markets realized that Keynesian arithmetic was an academic
version of three-card-Monti - Bloomberg's
IPO index has dramatically diverged in performance from the ever-exuberant
S&P 500 . This index of post-IPO performance sends an ominous
signal. It must be clear by now that IPOs now occur when when MANAGEMENT want
to cash out - simply put they are trying to maximize their gain. The divergence between new-money weakness and stuck-money
strength highlights more than ever the Muppet-fleecing purpose of 'our
markets'. , Credit Slumps, Equity Pumps,
And Volume & Volatility Dumps
, Referendum: Is Germany
Preparing For The Nuclear Option?
Two months ago, in the aftermath of the "surprising victory"
for the Italian PM from the June 29 European summit, which the media mistakenly
interpreted as successful for Monti and Rajoy, whose hijacking tactics merely
led to even more European animosity and instability in a system that is beyond
fragile (i.e., Europe), we proposed an entirely different explanation, namely
that "Merkel's Surprising
"Defeat" was Merely A Gambit For A German Referendum ?" To wit:
"it appears that events over the past week may have been merely a gambit
for something that Schauble and Weidmann have already hinted at: a popular referendum that decides the fate of Europe once
and for all, washing Merkel's hands and letting the people decide if they want
the European experiment to continue or not ." Turns
out we were right. , The Broken Market Chronicles:
200% Of Man United's Float Will Trade In A 10 Cent Interval Today … we suspect the underwriters of the MANU IPO
are 'pulling-a-facebook' and onboarding whatever they have to. There has now been 9.5 million shares bid at $14.00 (and
none asked) - more than half the float alone! It seems
increasingly self-evident that IPOs are simply weath transfer mechanisms - no
win-win - and that the value-add from 'stock exchanges' is rapidly converging
to zero. , Are You Better Off Than You
Were Four Years Ago?
The phrase "Are You Better Off Than You Were Four Years Ago?"
and "It’s the Economy, Stupid" have become standards of American
election discourse in recent decades. And seemingly for good reason. Although
it is rare to unseat an incumbent, poor economic performance seems to play a
role. We are less than four months away from the US Presidential election. Financial and economic developments have caused surprise
political outcomes around the world from time to time . UBS
took a look back at the first terms of the nine presidents that preceded
President Obama to determine if the performance of economic variables had any
predictive power in determining the odds of re-election for a second term. The news is not good, from GDP growth to real disposable
income, and from unemployment to the Misery Index, it seems the
bailer-out-in-chief may just have an uphill battle. , Egan Jones Downgrades Goldman
Sachs From A- To BBB+
, Californicated: From Facebook
To Stockton And San Bernardino: How CalPERS Became A Golden State Worrier The last few weeks have not been fun for
California. Facebook's face-plant removed a large part of the unbelievably
'expected' tax revenues for the state, Stockton BK'd, and now we find out that
San Bernadino - the latest and greatest city to file for municipal bankruptcy
(after a $46 million shortfall in its budget was irreconcilable). The reason
it's a big deal - unfortunately the
state's retirement fund - CalPERS - is the city's largest creditor by far with
a wonderful $143.3 million exposure . This is more than half the
entire debt load of $281.4 million of the Top 20 creditors alone! The deadline
for creditors to challenge bankruptcy eligibility is September 21st and we
suspect that until then, the comptrollers should be renamed the Golden State Worriers ? What is
ironic is the same unions that we suppose are fighting the city over cuts and
forcing it to take such drastic action are likely to be entirely beholden to
their pension benefits from the very same CalPERS which is about to take a
sizable haircut.
http://albertpeia.com/psycopathssociopathsamericasocietalcollapse.htm
{ Think about this! By wobama’s own criteria in his last total b***s***
campaign, he should be stepping down; having failed on all counts and then
some. He also promised to cut the nation’s deficit in half by the end of his
term; yet, he has increased the nation’s deficit by a record amount greater
than all the presidents since Eisenhower COMBINED ($5 trillion). He has done
this to help cover up his unequivocal failure by any standard by which you
measure a presidency, including his own. People in america must show the
Washingtonians they are not doormats! They must stand up and let these
politicos know that results count; particularly promised results. Absent
positive results as with unmitigated failure, choom-gang-banger wobama, they
get the boot. President Romney deserves the 4 years he’ll have to turn this
disaster called america around. If President Romney doesn’t cut the mustard in
4 years as promised, then he will be out. Results Count! I believe that people
in the final analysis will choose self-respect; that is, choose NOT to be
wobama’s doormat. Despite and contrary to wobama’s spin/propagandameisters’
desperate spin/outright falsity which addresses anything but wobama’s clear
record of failure, President Romney is smart enough, flexible enough, and with
a record of concrete results behind him as compared to wobama choom
fantasy/b***s***, President Romney will be a hands-on President to the entire
nation in the most positive sense. As such, I believe people will choose
self-respect, reality, real results which will make President Romney’s election
a substantial margin blowout victory!
Friday Humor: "I Am
Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In
Office" ZeroHedge.com
Tyler Durden { Wobama the b for b***s*** speaks … on
the prior pre-election campaign trail ( The Real Obama Budget Deficit
For 2011: 5 Trillion Dollars
http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S.
Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse
than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The
government’s total indebtedness is $211 trillion ’ … ) Obama's Five Trillion Dollar
Lie http://albertpeia.com/obamas5trilliondollarlie.htm }
8-9-12 Dave’s Daily: http://www.etfdigest.com ‘MARKET SUMMER BOREDOM CONTINUES 8-9-12
The good news from the U.S. today was Jobless Claims declined (361K vs 367
expected & prior revised higher to 367K allowing for a larger beat). That
was about it for good news. The bad news was 127K were dropped from the rolls
as their benefits have expired and, wait for it…the Bureau of Labor Statistics
goofed releasing this news 12 hours before time. Fear not, the BLS is
investigating and you can expect results of this breach in the distant future.
More news included an increase in international trade ($-42.9B vs expected
$-47.5B & prior revised to $-48B); the Bloomberg Consumer Comfort Index
fell (-41.9 vs prior -39.7 probably due to rising energy & food costs) and,
Wholesale Trade fell (-.2% vs .3% expected & prior revised to .0% from
.3%). Taken as a whole the data wasn’t inspiring although some thought the
trade data was suggestive of a small rebound in GDP.From overseas China Factory
Production fell to a 3 year low; inflation increased 1.8% and Home Sales fell
14.5% and prices declined (gulp!) $71B. In the UK exports
declined 4.9% which must be Olympic gear is staying home?The dollar (UUP) was
higher and bonds (IEF) & (TLT) were weaker. Gold (GLD) barely budged and
commodities (DBC) were higher led by grains (JJG).Other than this news markets
remained motionless on light volume…’ ,
The Sobering Reality Of What
Life Is Like In Reno, Nevada
http://albertpeia.com/realityofdyinguscitieslikerenonv.htm , What the ECB Can Actually
Do... Not Much Posted by: Phoenix Capital... So there is
literally NO option that could save Europe at this point. We can get verbal
interventions and symbolic gestures (such as Draghi's "bazooka"
threat), but the fact of the... http://albertpeia.com/marketsshortsqueezeeurophorialunacy.htm , The Whack-A-Mole Algo Is Back ZerpHedge.com , Guest Post: Want More Tax
Revenue? Increase Jobs Not Rates
The Obama campaign has amplified its push on increasing taxes on the
wealthy and has painted Mitt Romney as a Robin-hood in reverse
saying that he wants to take from the poor and give to the rich. The
attack on Romney is incorrect as the real truth is that it is the
current Administration that is failing, once again, to recognize that the
problems facing the economy has nothing to do with the current tax rate
structure. It is election season, however…’ , Forget The Fiscal Cliff, Here
Comes The Corporate Bond Maturity Wall
, Your Complete Guide To The
Coming Fiscal Cliff , Art Cashin On "The Folks
Who Brought You 1.5% GDP and 8.3% Unemployment" , Wholesale Inventories Drop MoM
First Time in 9 Months
As we noted last night , inventory
destocking is the great unknown as far as consensus expectations and the
wholesale inventories data this morning just confirmed that this is a worrying
trend. With the first drop MoM since
September 2011 and dramatically missing expectations, inventories
dropped 0.2% and perhaps more worryingly - given the drop in inventories - is
the critical inventory-to-sales ratio
has now risen two months in a row as clearly sales are dropping faster than
companies were expecting .
, Bloomberg Consumer Comfort
Index Back At 'Severe Economic Discontent' Level , Insolvent US Postal Service
Loses Whopping $5.2 Billion In Third Quarter, 70% Higher Than Year Ago , Disinformation: How It Works The best way to disarm disinformation agents
is to know their methods inside and out. This gives us the ability to point out
exactly what they are doing in detail the moment they try to do it. Immediately
exposing a disinformation tactic as it is being used is highly destructive to
the person utilizing it. It makes them look foolish, dishonest and weak for
even making the attempt. Internet trolls most especially do not know how to
handle their methods being deconstructed right in front of their eyes and
usually fold and run from debate when it occurs. The truth is precious. It is sad that
there are so many in our society who have lost respect for it; people who have
traded in their conscience and their soul for temporary financial comfort while
sacrificing the stability and balance of the rest of the country in the
process. Disinformation does not only threaten our insight into the workings of
our world; it makes us vulnerable to fear, misunderstanding, and doubt: all
things that lead to destruction. It can drive good people to commit terrible
atrocities against others, or even against themselves. Without a concerted and
organized effort to diffuse mass-produced lies, the future will look bleak
indeed.
America’s Great 2012 Drought Posted by : George Washington Post date: 08/09/2012 - 14:49 As Bad as During the 1930s Dust
Bowl?
What the ECB Can Actually
Do... Not Much Posted by: Phoenix Capital... Post date: 08/09/2012 - 12:52 So there is literally NO option
that could save Europe at this point. We can get verbal interventions and
symbolic gestures (such as Draghi's "bazooka" threat), but the fact
of the... http://albertpeia.com/marketsshortsqueezeeurophorialunacy.htm
Chautauqua Notes | Ethical
Challenges of Finally Fixing the Financial Crisis: Fair Deals vs. New Deals Posted by : rcwhalen Post date: 08/09/2012 - 07:48 From the perspective of ethics,
the fiscal profligacy of the US government and related behavior in the private
sector is the cause of the financial crisis
Greece Prints Euros To Stay
Afloat, The ECB Approves, The Bundesbank Nods: No One Wants To Get Blamed For
Kicking Greece Out Posted by: testosteronepit Post date: 08/08/2012 - 20:15 Who the heck turned off the spigot
in the first place?
Fed and Treasury Irate at NY
Bank Regulator's Vulgar Display of Public Diligence with Standard Chartered Posted by: ilene Post date: 08/08/2012 - 16:27 Only the little people are meant
to suffer for their country.
U.S. Postal Service loses $5.2
billion, warns of low cash
Reuters | “…the
service projects a net loss of about $15 billion for the fiscal year…”
More Than 100 Million
Americans Are On Welfare
American
Dream | There are more Americans dependent on the federal government than ever
before in U.S. history.
The Rot at The Top with Gerald
Celente
Infowars.com
| The Trends Research Institute analyzes world- shaping events and forecasts
tomorrows trends.
North Korea Is Thought To Be
Sitting On $6 Trillion Worth Of Rare Minerals
Business
Insider | Anyone following North Korean press may have noticed the country
seems to be indulging in some sort of construction boom recently.
Greece’s Unemployment Rate
Just Got Even More Horrifying
Business
Insider | Greece’s unemployment rate climbed to 23.1 percent in May, up from
22.6 percent in April.
8-8-12 One Last
Breadth: 3 Reasons to Not Trust this Market By Chad Karnes ETFguide , Dave’s Daily: http://www.etfdigest.com ‘THE DEATH OF
VOLUME 8-8-12 … We’re on the
downside of the earnings news cycle and while many reports have beaten
estimates those were much reduced. Further revenues and guidance have been weak overall.
Bond (IEF) investors didn’t seem to like the 10-year Treasury auction which saw
yields rise dramatically from 1.45% just a month ago to 1.68% Wednesday. , France to slide into recession
says central bank
France's central bank expects the country to slip into recession in the
third quarter with many EU countries already in recession in the wake of the
debt crisis. , Top Obama watchdog: America's
'pretty f**ked'
If you are looking for opinions on the current state of the country,
former TARP Inspector General Neil Barofsky is opening up about what he thinks
of America. And, if you ask him, the whole nation might be pretty damn
f**ked. , More Than 100 Million
Americans Are On Welfare http://albertpeia.com/morethan100millionamericansonwelfare.htm , Knight's Berserk Algo Bought
$2.6 Million Worth Of Stock Every Second ZeroHedge.com , Bernanke Just Assured That The
Student Loan Bubble Will Be The Next "Financial Stability Issue" "At this juncture . . . the
impact on the broader economy and financial markets of the problems in the subprime markets
seems likely to be contained " - Ben Bernanke , March 28, 2007 "I don’t think student loans are a
financial stability issue to the same extent
that, say, mortgage debt was in the last crisis because most of it is held not
by financial institutions but by the federal government" - Ben Bernanke , August 7, 2012 Please mark your calendars
accordingly as yesterday the Chairman just guaranteed that student loans will
be cause for the next "financial stability issue ." , From Occupying Wall Street To
"Dying For Work"? ‘…is this merely a
foreshadowing of things to come in a country in which class warfare has never
been as violent, and in which the divide between the haves and the have nots
has never been as wide? And what happens when the next such stunt is a real
person? More importantly, what happens if a depressed jobless person takes
their life but first takes out some of those he thinks are responsible for his
plight - say Wall Streeters? , Rosenberg On The Pending Trade
Shock And Q4's 0% GDP Growth , Confused Why So Many Foreign
Banks Are Suddenly Being Charged By The US? Here's Why It's very simple really. Please
point out where on the below list of Top 20 contributors to a randomly selected US politician , in this case New York's Chuck Schumer, can one find Standard Chartered , Barclays , or HSBC ? , Guest Post: Another Example Of
Why Central Planning Is A Bad Idea The government’s central planning of Olympic
ticketing has been a complete failure, perhaps best evidenced by the
THOUSANDS of empty seats at many of the events. The government has
managed to monopolize an entire industry and screw it up with Soviet-level
inefficiency… then make it a criminal offense for the private sector to
fix it. This is typical of how a government operates. They take a
very cavalier attitude because they don’t care about results, they
only care about maintaining control. As a result, they run their
operations based on the premise that people really have no choice. With
regard to Olympic ticketing, this is mostly true. My choice was either to
go through the system legitimately (albeit painfully), deal with some
dodgy backroom ticket broker at three times the price, or just watch it on
television. , Three Reasons Why
"Financial Repression" Is Doomed To Failure , Volumeless Equities Limp Along
As Risky Debt Rolls Over For Fourth Day , Elliott Management: We Make
This Recommendation To Our Friends: If You Own US Debt Sell It Now , Be Careful What QE You Wish
For #2467: Gas Prices Surging Again , Guest Post: QE Forever And
Ever?
The
lunatics are running the asylum. This is the only
conclusion one can come to when considering the nonchalance with which what was
once considered an extraordinary policy with a firm 'exit' in mind is now
propagated as a perfectly normal 'tool' to be employed at the drop of a hat. We
refer of course to so-called 'quantitative easing' (QE), which really is a
euphemism for money printing. Apart from his sole focus on short term outcomes,
an important point that seems not be considered by the FOMC's Rosengren this
week is the question of what should happen if the 'open-ended' QE policy were to
fail to achieve its stated goals . He seems to assume
that it will succeed in lowering unemployment and creating 'economic growth' as
a matter of course. It goes without saying that money
printing cannot create a single molecule of real wealth. If it could, then
Zimbabwe wouldn't be a basket case, but a Utopia of riches . We
must infer from Rosengren's idea of implementing
open-ended QE until certain benchmarks in terms of unemployment and
'growth' are achieved, that in case they remain elusive, extraordinary rates of money printing
would simply continue until the underlying monetary system breaks down.
8-7-12 Dave’s Daily: http://www.etfdigest.com
‘THE EUROZONE WILL ERUPT AGAIN 8-7-12 There was news from
overseas as German Factory Orders fell 1.7% vs .8% expected and Italy reported
its fourth consecutive month of economic contraction. No worries, printing
money will take care of it. Meanwhile the Swiss are struggling to maintain the
franc’s peg to the euro at 120. As a result of interventions the SNB has
accumulated $490B in forex reserves. Somehow they’ll have to find a way to
unload this but that’s “down the road” so no worries. Finally Spain states it
will refuse a bailout if there are more conditions so beggars can be
choosers?Bulls are struggling to explain stock market rallies to the
media…’ , 14 Questions People Ask About
How To Prepare For The Collapse Of The Economy http://albertpeia.com/preparingforcollapseofeconomy.htm , Europe Is Not a Matter of
Opinion… It’s a Matter of Math http://albertpeia.com/eumathinsolvency.htm , And You Thought Q2 Earnings
Were Bad?
ZeroHedge.com , A Primer To Intraday Market
Moves
While we have looked in the past at the incredible dominance of FOMC
days when it comes to stock market performance, recent intraday performance of
the major equity indices has had a somewhat repetitive and rhythmic structure.
We know volumes surge, pause, and surge; Tradestation has dug one step deeper into the actual performance structure intraday and
found some fascinating trends. From the extremely clear
final-hour ramp to the oscillating bull-bear opening moves (and the European
close positive bias) across almost 30 years of price behavior in bull and bear
markets . The afternoons dominate market performance in bull
markets and the morning session dominates the weakness in bear markets - so fade the opening rally, buy the dip,
cover half into Europe, hope into the close appears the 'empirical route of
least resistance' - for now…’ , Guest Post: US Midwest Hit By
Perfect Gasoline Storm , Consumer Credit Misses As
Revolving Credit Has Biggest Contraction Since April 2011 , Guest Post: Has The Perfect
Moment To Kill The Dollar Arrived? , On Wall Street Crime Pays - A
350% IRR To Be Exact
Previously we showed that when it comes to Wall Street's returns, the 8% market return
benchmark that every first year analyst finds in Ibbotson's is for naive
amateurs. With corporate lobbying returning anywhere between 5,900% and
77,500%, the real money is to be made in the buying and selling of
politicians . Yet in our day and age, when
information propagates rapidly and when political muppets can be exposed for
the Wall Street purchased frauds they are, lobbying is getting increasingly
more complicated. Which leaves one other high returning " investment ", which unlike lobbying is
completely riskless when one is a Wall Street firm: crime . But not just any crime, the type of crime where a firm settles " without admitting or denying guilt " and in the
process is slapped with a fine that barely covers the government's legal fees.
Case in point: U.S. v. Morgan Stanley, U.S. District Court, Southern District
of New York Case #11 -6875, where MS was
punished with the epic disgorgement penalty of $4.8 million. Of course, the fact that Morgan Stanley, who did not admit wrongdoing,
generated profits of $21.6 million , is merely a triviality. But a
useful one: it allows to calculate that on Wall
Street crime does pay, and the IRR is in give or take 350%. , Guest Post: US Government
Proposes Law Making It Illegal For Them To Kill You Last Friday, US Congressman
Dennis Kucinich introduced HR 6357, a bill which aims to ‘prohibit the
extrajudicial killing of United States citizens’ by the federal
government. In other words, in the Land of the Free, they need to pass a
law to prevent the government from indiscriminately murdering its own
citizens. Now if this doesn’t give one reason to pause and consider
the distortions of liberty that have taken place in western
civilization, I don’t know what will. Ask yourself, are you really living in a
free society? Are you free? If not, why not? What
else could possibly be more important? It takes courage to answer honestly. , Gold And Grand Theft Economics The tectonic battle between a market
trying to deflate its debts and the central banks attempting to reflate the
impaired assets to maintain the status quo is becoming increasingly violent . In a brief clip, Santiago Capital's Brent Johnson explains the fallacy
of fiat money, the dynamics of the velocity of money in a 'troubled' economy,
the 'we are going to give the banks a lot of money' plans, and the inevitable
'there's no more money' moment when the inflationary and deflationary tremors
come unstuck and become shock-waves. There will be no warning, no bell-ringing at the onset of
the end of the monetary system itself as he notes
the slate of Stability & Growth Pacts (EU) and The Recovery and
Reinvestment Act (US) will inevitably be seen as the greatest unauthorized
transfer of wealth in history - and being exposed to gold stored outside of the
banking system, there is a protected route as the world staggers from tremor to
tremor. , Guest Post: A Matter Of Trust
- Part Two
Putting our trust and faith in a few unelected bureaucrats and bankers,
who use their obscene wealth to buy off politicians in writing the laws and
regulations to favor them has proven to be a death knell for our country. The
captured main stream media proclaims these men to be heroes and saviors of the
world, when they are truly the villains in this episode. These are the men who
unleashed the frenzy of Wall Street greed and pillaging by repealing Glass
Steagall, blocking Brooksley Born’s efforts to regulate derivatives, encouraging
mortgage fraud, not enforcing existing regulations, and creating speculative
bubbles through excessively low interest rates and making it known they would
bailout recklessness. They have created an overly complex tangled financial
system so they could peddle propaganda to the math challenged American public
without fear of being caught in their web of lies. Big government, big banks
and big legislation like Dodd/Frank and Obamacare are designed to benefit the
few at the expense of the many. The system has been captured by a plutocracy of
self-serving men. They don’t care about you or your children. We are only given
80 years, or so, on this earth and our purpose should be to sustain our
economic and political system in a balanced way, so our children and their
children have a chance at a decent life. Do you trust that is the purpose of
those in power today? Should we trust the jackals and grifters who got us into
this mess, to get us out?
Posted on August 7, 2012 by USAGOLD
“The
cult of equity is dying. Like a once bright green aspen turning to subtle
shades of yellow then red in the Colorado fall, investors’ impressions of ‘stocks
for the long run’ or any run have mellowed as well. I ‘tweeted’ last month that
the souring attitude might be a generational thing: ‘Boomers can’t take risk.
Gen X and Y believe in Facebook but not its stock. Gen Z has no money.’” And. .
. .“Unfair though it may be, an investor should continue to expect an attempted
inflationary solution in almost all developed economies over the next few years
and even decades. Financial repression, QEs of all sorts and sizes, and even
negative nominal interest rates now experienced in Switzerland and five other
Euroland countries may dominate the timescape. The cult of equity may be dying,
but the cult of inflation may only have just begun.”
Bill
Gross, Pimco
Posted on August 7, 2012 by USAGOLD
“Gold
appears to be enjoying increasing popularity again. There would appear to be
brisk buying interest on the market below [$1600]…which should provide the price
with a safety net.”
Commerzbank’s
Commodities Daily
Posted on August 7, 2012 by USAGOLD
“2008
wasn’t the real crash. The real crash is coming.”
Peter
Schiff
Slaves to The Banksters
Infowars | Alex
discusses the bankster takeover of society.
Economic Warfare: Iran Signals
Currency Devaluation
Kurt Nimmo | The United
States has waged economic war against Iran since the late 1970s.
Crazy Details About The Bank
That’s Been Accused Of Transferring $250 Billion To Iran
Business
Insider | U.K. investment bank Standard Chartered could be suspended from
operating in New York.
Germany Infuriated By ‘Fourth
Reich’ Headline In Berlusconi Newspaper
London
Guardian | German politicians have reacted furiously to a front page in the
Italian daily Il Giornale.
Europe’s Beggars: Bluffing
Their Way To Unity And Propserity Via Hijacking And Extortion
Zero
Hedge | What we expected to happen is precisely what did happen.
Guest Post: TBTF Banks
Laughing All The Way Home Thanks To HARP ZeroHedge.com , Europe's Beggars: Bluffing
Their Way To Unity And Propserity Via Hijacking And Extortion Ten days ago, when predicting
what may and likely will be the outcome of the August ECB announcement, we said
that it is virtually certain that it will follow in the trailblazing footsteps
of what Mario Monti did at the June 29th meeting. To wit: "The bottom line
here is that Draghi most likely pulled a Mario Monti (and his hanger on Mariano
Rajoy), and spoke up before pre-clearing with Buba's Weidmann. Draghi thinks
that, like Monti with Merkel at the June 29 summit, he can bluff the Bundesbank into
submission, and Germany will agree to monetization, especially if markets have
risen enough where nothing out of the ECB next week leads to a market plunge . The problem is that as we patiently explained, Monti got absolutely no
concessions our of Merkel, as was seen in the bond yields of Spain after the
June 29 summit." Sure enough, the market soared in the days after June 29
as well, giddy with optimism that Germany would never settle for being bullied
publicly and had implicitly agreed with the Monti and Rajoy. Euphoria promptly
turned to despair as it became quickly clear that Monti had bluffed without
preclearing with Merkel and Buba. Fast forward one month, and what we expected
to happen is precisely what did happen.
, Chevron's Largest California
Refinery "Immediate-Extreme-Health-Hazard" Fire Emergency , Another Market Breaks - Tokyo
Stock Exchange Halts Derivative Trades , Guest Post: (Economic)
Drivers, (QE) Drive By's And Dives , JPM Refuses To Comply With
Broad PFG Subpoena
, Quarto Reich: Italy Goes
"There" Again , Explaining The Knightmare , Inside America's Economic
Machine - An Infographic Every now and then, US taxpayer money goes
for something useful and surprisingly informative. Such as this infographic
from the US Census Bureau deconstructing the "American Economic
Machine" or at least justifies its generally accepted popular
representation in the aftermath of the recently concluded Census. The graphic
cites facts dealing with manufacturing, services, retail trade, construction, government
and much more as seen through the numerous economic programs and surveys
conducted by the Census Bureau. And while entertaining, we urge readers to
remember that there is no such thing as a free lunch, and that the American
"economic machine" is merely the culmination of a global financial
system that is full to the gills with credit money to the tune of $707 trillion
as shown in this infographic previously … central planners who day after day steal from the future to preserve
today's house of cards. We are not very hopeful. , Frontrunning: August 6 Submitted by Tyler Durden
Monti Warns of
Euro Breakup as Tussle Over Spain Aid Hardens ( Businessweek )
Italy doesn't
need German cash, Monti tells Germans ( Reuters ) - at least we
know who needs whose cash...
Spain has time
to Wait for Clarity on EU Aid -Econ Min ( Reuters ) - which came
first: the Spanish bailout request or the denial to need a Bailout request? Ask
the Spanish 2 year...
Bundesbank
Weidmann’s opposition to a proposed new wave of ECB bond purchases has support
of Merkel’s CDU - Volker Kauder
China media
tell U.S. to "shut up" over South China Sea tensions ( Reuters )
Top Chinese
Leaders Gather in Annual Summer Conclave ( WSJ )
Greece Agrees
With Troika on Need to Strengthen Policy ( Bloomberg )
Coeure Says ECB
Should Look at Getting Loans Into Real Economy ( Bloomberg )
Italy Central
Banker Sees Potential Rate Cut as Euro Economy Slows ( WSJ )
A Dose of Dr.
Draghi's 'Whatever It Takes' ( WSJ )
Greek bank head
sent savings abroad ( FT )
Why Europe Matters… And How
Spain Could Wipe Out Your 401(k) Posted by : Phoenix Capital... Post date: 08/06/2012 – http://albertpeia.com/eumatterswipeoutyour401k.htm In simple terms Europe is a HUGE deal for everyone. We’re not talking
about some distant region far off in the distance that we will watch go down
from our decks. We’re talking...
Obama Is Using The Curiosity
Landing To Push Government Spending
Business
Insider | President Barack Obama congratulated NASA on its successful mission
to send a robotic rover to Mars tonight, calling the landing of the Curiosity
an “unprecedented feat of technology.”
{ Riiiiight! ….. Geeeh! And here, I already thought they’ve already done that … and, it’s so helped
america’s fiscal and economic position in the solar system! }
{ MISSIONS TO MARS TIMELINE: 1992 to
2004 }
8-03-12 Dave’s Daily: http://www.etfdigest.com ‘BULLS JUMP ON
EMPLOYMENT DATA’ 8-3-12 [ { Dave’s Daily Summary with pics/charts – Dave is
always worth a look; a bit too bullish methinks, but somewhat realistic in
light of the preposterous churn-and-earn frauds/’valuations’, which folly has
gone global and will end quite badly! http://albertpeia.com/davesummary8312.htm } Then there’s: { AP: Preposterous
beyond words! In a nutshell: lunatics here on wall street and abroad are indeed
affected by this full moon in a very big way! } ] ‘The Employment report was better than expected (163K jobs vs
100K expected but prior revised lower to 64K from 80K). Inside the numbers the
unemployment rate rose to 8.3% and it was estimated 195K people dropped from
rolls meaning the so-called U-6 rate jumped to 15%. But algos chose to focus on
the headline number driving stock prices higher for another end-of-week “stick
save” which we’ve seen before.Perhaps not so much in the headlines was a unique
reevaluation of Draghi’s comments from Thursday as noted by Bloomberg whereby it was
suggested he was just laying the framework for a bargain. Further another late
article from Bloomberg noted some
inferred weakening within the German ranks which might be more supportive of
Draghi’s efforts. And, this article points to a
split perhaps from the Bundesbank and politicians—always a potential problem
for the bank’s autonomy. Meanwhile economic data from the eurozone continued to
decline with the PMI descending to 46.5 and the UK PMI (51) the lowest in 2
years.Also of note was the first repo liquidity
injection from the Fed to Primary Dealer’s (banks) since December
2008. This was a small amount ($200M) but showed the Fed working in a more
subtle fashion to lubricate trading desks.Stocks were higher across the board
and intra-market correlations were running almost at 100% allowing for little
in the way of diversification. Everything rallied today except natural gas
(UNG), bonds (IEF) and the dollar (UUP) and that’s the easiest way to sum things
up.Now you might think from our comments we’re bearish but we’re 60% long
equities in our active portfolio with the balance in cash. Sure, on days like
this we’d like greater exposure but you wouldn’t have said that the prior 4
days. The bottom line is you can be a skeptic while remaining systematic.
Staying with longer term tech analytics (weekly & even monthly) avoids a
lot of the daily noise despite emotions. So when markets rally when news
overall and fund flows are this terrible that must be bullish or just another
bout of short-covering.We’re seeing markets (see SPY chart below) that very
much resemble similar periods to 2010 & 2011. Those markets featured
significant two-way action which made for poor trend-following conditions for
short-term investors. This is now enhanced by the presence of HFTs and algos
and a good explanation of how these work which also
makes it more appropriate to step away from shorter-term chart views.Despite
Friday’s good market action we still face trouble in the eurozone and with
global economic contraction not solved by one data point or rumors and spin.
Now we add elections and accompanying uncertainty to the mix.Volume on Friday
was light with most of it coming in the last 20 minutes on ETFs squaring up
positions. Breadth per the WSJ was positive but seemed short of a 90/10
day…’ , Lest you think we’ve turned
the corner. . . . Posted on August 3, 2012 by MK It’s Friday.
And if its Friday, the FDIC announces another bank failure. In this case the
40th bank failure this year. At that rate about six per month. (But who’s
counting?) Waukegan Savings Bank of Waukegan, Illinois. . . . Continue reading → … ,
The Bernanke Put is a Lie
By gpc1981 http://albertpeia.com/bernankeputalie.htm , The Employment Rate In The
United States Is Lower Than It Was During The Last Recession http://albertpeia.com/usemploymentratelowerthanlastrecession.htm , Friday Humor: "I Am
Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In
Office" ZeroHedge.com
Tyler Durden { Wobama the b for b***s*** speaks … on
the prior pre-election campaign trail ( The Real Obama Budget Deficit
For 2011: 5 Trillion Dollars
http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S.
Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse
than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one
looks…The government’s total indebtedness is $211 trillion ’ … ) Obama's Five Trillion Dollar
Lie http://albertpeia.com/obamas5trilliondollarlie.htm [ the economy is already in depression in real terms when taking into account real
inflation numbers. Financial Crisis Phase II Is
Ahead at Forbes Bert Dohmen ‘ In late 2007, I
wrote the book Prelude To Meltdown , predicting the global crisis that
occurred the following year. I now see a similar confluence of events ..
“the new recession has started.”… Over the past 33 years, we have called the
start of every recession..Currently, the GDP deflator is 1.8%, which hardly
reflects the true rise in prices. Therefore, what is counted as “growth,” is
actually price increases. Actual inflation..is now more than 11%. Using that to
adjust GDP for inflation, would show that the economy is now in a very sharp
contraction…’] } obama-"If we confront this crisis without also
confronting the deficits that helped cause it, we risk sinking into another
crisis down the road as our interest payments rise, our obligations come due,
confidence in our economy erodes and our children and grandchildren are unable
to pursue their dreams because they are saddled with our debts. That's why
today I am pledging to cut the
deficit we inherited by half by the end of my first term in office. .. That means
taking responsibility right now in this administration, for getting our
spending under control." , EUR Shorts Collapse By 35% In
Two Months, Down 10% In One Week
, Europe's Largest Insurer
Allianz Not Amused That Central Banks Are Involved In Liborgate , Treasury Selling Another $4.5
Billion In AIG Stock, AIG To Buy $3 Billion Of Offering ‘…Bottom line: another $1.5 billion in AIG
shares are about to hit the market. Of course, in this broken market this will
be seen as bullish. At least initially. Then the selloff. , Interview With A
High-Frequency Trader
, Here's Hilsenrath: The Door Is
Still Open For The Fed To "Help The Economy" { A little more help like they’ve already
done, at this rate, beyond the inevitable crash, there’ll be but a fallen
nation of taxpaying serfs supporting the fiefdom and opulent lifestyles of
fraudulent wall street et als. } One
didn't think that an economic event could come and go without some commentary
from the WSJ's resident "Fed mouthpiece-cum-econ omist" who
has rapidly become a caricature of himself, and is solely known for his
heretofore programmed leaks of Fed policy, which tended to work until it
didn't. In a normal day when newsflow or fundamentals actually mattered, we
would focus on far more important things. However, since we are caught in the
manic phase of the market's daily bipolar gyrations, and nothing can make a
dent in sentiment at least until Monday when the market suddenly decides it was
100% wrong in its re -interpretation
of Draghi's comments (last we checked there is still no press release from the
Bundesbank saying it has agreed to any bond buying, let along short-dated) and decides to plunge
all over again, here is Jon with more propaganda that today's NFP beat, which
is still well below the 200+ needed to maintain the declining unemployment rate
trendline, means nothing for the Fed.
Submitted by Tyler Durden
It is
late in the afternoon on a Friday, which means one thing: it is time to dump
all left over bad news under the rug. Sure enough, here comes S&P. From
Bloomberg:
S&P CUTS
RATINGS ON 15 ITALIAN FINL INSTITUTIONS
S&P TAKES
RATING ACTIONS ON 32 ITALIAN FINL INSTITUTIONS
BANCA MONTE DEI
PASCHI DI SIENA SPA CUT TO BBB-/NEGATIVE/A-3
BANCA POPOLARE
DI MILANO SCRL CUT TO BB+/NEGATIVE/B BY S&P
S&P SAYS ITALY FACES POTENTIAL DEEPER RECESSION THAN
IT THOUGHT
8-02-12 Dave’s Daily: http://www.etfdigest.com ‘DRAGHI DROPS THE BATON 8-2-12 European Central Bank chief Mario
Draghi could not back up his bold statements from last week with specific
action. He could only say the ECB “may” through its mandate buy eurozone bonds.
Basically this means he backed the Germans into a corner and they didn’t blink.
His credibility has taken a major hit and Spanish bond yields once again headed
for 7%. For markets it’s been two days and back to back central bank
disappointments with the ECB taking a large toll on bulls. And to top things
off, Friday is the Employment Report which is sure to cause volatility in
either direction.In more pedestrian news, Jobless Claims rose (365K vs 370K
expected & prior revised higher to 357K); Factory Orders fell (-.5% vs .7%
expected & prior .7%); and, Bloomberg’s Consumer Comfort Index fell again (-39.7
vs prior -38.5).Last night China signaled it would elevate to stabilize (weird
choice of words) economic growth which is noted in this press release from Xinhua
News Agency. Stocks there fell.Stock markets took the news from the ECB hard. A
late day rally (see SPY 2:15 PM Buy Program Express) lifted stocks off their
lows led mostly by technology (XLK) and more Apple (AAPL) split chatter. Do you
really think equity markets overall can be durably supported by one stock and
infinite central bank QE?Bonds (IEF) were somewhat stronger in price; the
dollar (UUP) was higher; gold (GLD) lower; and, commodities (DBC) weaker.Volume
was the highest of the week thus far and breadth per the WSJ was
negative…’ , Spain And Italy Are Toast
…Euros http://albertpeia.com/spainitalytoastnomatterwhat.htm , The Fed's Gold Is Being
Audited... By The US Treasury
ZeroHedge.com Tyler Durden When we started reading the LA Times article
reporting that "the federal government has quietly been completing an
audit of U.S. gold stored at the New York Fed" we couldn't help but wonder
when the gotcha moment would appear. It was about 15 paragraphs in that
we stumbled upon what we were waiting for: "The process involved about
half a dozen employees of the Mint, the Treasury inspector general's office and
the New York Fed. It was monitored by employees of the Government
Accountability Office, Congress' investigative arm." In other words the
Fed's gold is being audited... by
the Treasury. Now our history may be a little rusty, but as far as we
can remember, the last time the Fed was actually independent of the Treasury
then-president Harry Truman fired not one but two Fed Chairmen including both
Thomas McCabe as well as the man after whom the Fed's current residence is
named: Marriner Eccles, culminating with the
Fed-Treasury "Accord" of March 3, 1951 which effectively
fused the two entities into one - a quasi independent branch of the US
government, which would do the bidding of its "political", who in
turn has always been merely a proxy for wherever the money came from
(historically, and primarily, from Wall Street), which can pretend it is a
"private bank" yet which is entirely subjugated to the crony
interests funding US politicians (more on that below). But in a nutshell, the
irony of the Treasury auditing the fed is like asking Libor Trade A to confirm
that Libor Trader B was not only "fixing" the Libor rate correctly and accurately , but that
there is no champagne involved for anyone who could misrepresent it the best
within the cabal of manipulation in which the Nash Equilibrium was for everyone
to commit fraud. , Of Beggars, Choosers,
Unemployment, And Bailouts In Europe
The problems of a group of 17 different economies that are growing
further apart - all functioning under the same currency - will not be solved by
any actions taken by the ECB" is how Stratfor's Adriano Bosoni describes
the can-kicking that has once again become the euro-zone this summer. From the
systemically rising and drastically desperate unemployment rates around the
Southern nations… , Why Mega Banks Are The Modern
Cocaine Cowboys In today's
episode of blast from the past, Bloomberg's Jonathan Weil takes us on a time
journey, which presents the Too Big To Fail bank problem from a different
perspective: that of the Cocaine Cowboy roaming the streets of Miami in the
late 1970s and early 1980s. Just like today's big banks they were untouchable;
just like today's banks they were collaborating and existing in perfect
symbiosis with the Federal Reserve; just like today the Cocaine Cowboys existed
in an untouchable vacuum courtesy of endless bribes to the local law
enforcement and judicial officials, and just like today, the TBTF institution du jour isn't
"merely an economic problem. It
is a great moral failing of our society that poisons our democracy. " Back
then, Ronald Reagan stepped in just when Miami (whose real estate market had
soared in 1979-1981 courtesy of rampant crime and money laundering: hint hint
NAR anti money-laundering exemptions) was about to be overrun, forming a task
force that in the nick of time restored law and order. Today we are not that
lucky, as there is not a single politican willing to risk it all just to
eradicate the modern version of a classic scourge: only this time they don't
hand out 8 balls; they give away 0% introductory APR cards and 3 Year NINJA
Adjustable Rate Mortgages. Both however get you hooked for life: either on
drugs or on debt. Will someone step up this time and form a task
force to eliminate the second coming of the Cocaine Cowboy? Sadly, we don't
think so. At least not until the next great crash happens. , Knight Considering Bankruptcy,
Looking At 363 Asset Sale
, US Export Orders Are
Collapsing , Will Penson Cash Vaporize
Gentle Into That Good Knight?
, The Thin Blue Line Between
Hopium And Reality If there was one
unique datapoint that confirms beyond a reasonable doubt the perpetual upside
bias of "analysts" and other snake oil salesmen (after all, one is
far more likely to buy the stuff another is selling if one has a smile on his
face, a wink in the eye, and is optimistically inclined, even if that optimism
is completely unfounded), it is the following chart from UBS which shows the
progression of consensus bottom-up EPS growth estimates for Europe: "consensus
estimates for 2012 EPS growth have fallen from double digits at the end of last
year to 0.7% currently. " Observe the straight thin blue line below: it begins in the land of Hopium, and ends in
Reality. , Only 24.6 Percent Of All Jobs
In The United States Are Good Jobs
http://albertpeia.com/only24percentusjobsgood.htm
8-01-12 Dave’s Daily: http://www.etfdigest.com
‘BERNANKE PASSES THE BATON TO DRAGHI 8-1-12
There was the usual amount of elevated tension before the Fed announcement
but they changed and offered very little to investors. Instead, they kicked
things over to the ECB which will dominate headlines Thursday. The ECB’s
challenge is to match talk with action. Getting the Germans to go along with Draghi’s bold statements will
be the challenge. Once again strong talk must be matched by actions.Now the
“tape” tension shifts to the ECB and we should know more about that on Thursday
midday.ADP data showed new private jobs rising (163K vs 120K expected &
prior 176K); PMI Manufacturing fell (51.4 vs 52.5 prior); important ISM
Manufacturing showed economic contraction for the second month in a row (49.8
vs 50.2 expected & prior 49.7); and, Construction Spending increased less
(.4% vs .5% expected & prior .9%).China’s official PMI fell to the lowest
level since November 2011 and for the third consecutive month (50.1 vs 50.2
prior). Most view this as a temporary decline or even attribute it to seasonal
factors. But if you read anything by hedge fund guru Jim Chanos you might see things in a much different way.Even more interesting
Wednesday was the HFT algo mishaps that befell trading particularly at Knight Capital which struggled with an avalanche of misplaced
orders and high volume. ETFs like the Market
Vectors Gold Miners ETF (GDX) and Direxion Shares leveraged Gold Miners ETF
(NUGT) saw incredible volume spikes. The NYSE has a love affair with HFTs
providing volume not to mention trade rebates nevertheless insists it will
“look into the matter”. Knight Capital has announced its “trade cancelation
band” at 30%. The NYSE has ruled only 6 stocks will feature canceled trades.The “flash crash” was 20%. This is the
danger of leaving Good til Canceled (GTC) trailing stops and thinking you’re protected. Nevertheless this type of activity is what drives more
investors away from markets. http://albertpeia.com/davescharts8112.jpg http://albertpeia.com/davescharts8113.jpg Stocks reacted to all of this
with some initial selling, some buying and later with a selling shrug as the
burden is now with the ECB. The dollar (UUP) was higher after the Fed
announcement; gold (GLD) remained weaker; oil (USO) was higher on inventory data;
commodities (DBC) were slightly higher helped by energy; bonds (IEF) were
slightly weaker. Volume was rather light with most of it coming after the Fed’s
announcement. Breadth per the WSJ was negative overall. (With the baton handed
to the ECB this puts us with another shorter commentary. I may not write a full
report until Friday after the employment report.)…’ , Angela Merkel Will NOT Lose
Germany’s AAA Status Before Her Re-election Let’s Stop Kidding Ourselves
and Look at the REAL Math Behind Spain http://albertpeia.com/merkelholdsspainfolds.htm , Mainstream Reporter Tells The
Truth About Audit The Fed And The Creation Of The Federal Reserve http://albertpeia.com/truthaboutauditfedandfedcreation.htm , This Is What Happens When An
HFT Algo Goes Totally Berserk And Serves Knight Capital With The Bill ZeroHedge.com Tyler Durden We all know something went horribly wrong in various NYSE-traded
stocks today between 9:30 am and 10:15 am. So wrong in fact that the NYSE had
to step in and cancel numerous trades in 6 symbols. However it did not DK
millions of other trades in 134 other symbols , the vast majority of which we assume traded errantly due to the market
making of Knight Capital (as admitted by the company ), which today saw its biggest drop ever since going public on volume
about 60 times greater than its average. We also all know that one should buy
low and sell high. At least that is what human traders are taught, and that is what they attempt. Because if one consistently
does the opposite, one will simply run out of money. Well, the opposite is precisely what the berserk
algo in Knight's Market Making group may have done if Nanex, which has done a forensic analysis of one of the trades in
question, is correct. In other words, instead of at least attempting to provide
liquidity via limit trades, Knight's algorithm acted as a market order... gone
horribly wrong. As the third chart below shows what the algo did with furious
repetition and steadfast consistency was to buy at the offer, and sell at the
bid, in other words buy high and sell low. Over and over and over and over . As Nanex laconically notes, " In the case of EXC, that means losing about 15 cents on
every pair of trades. Do that 40 times a second, 2400 times a minute, and you
now have a system that's very efficient at burning money. " Which also means that by not DK'ing several hundred million prints,
the NYSE may have just thrown Knight under the bus, because the market maker is
suddenly on the hook for tens if not hundreds of millions in inverse market making profits. , David Rosenberg On Headless
Chickens, Topless Americans, And Bottomless Europeans … Europe's bottomless pit of debt deleveraging (which is as much a problem for the US and China but less ion focus for
now) makes the entire discourse of some new and aggressive intervention by the
ECB even more ridiculous (and all so deja vu); and the US is facing up to an
entirely topless earnings season as revenues are coming in at only 1.2% above
last year as it appears Q2 EPS is on track for a 0.2% YoY dip - with guidance falling fast. But apart from all that, Rosie sees the only
source of real buying support for the stock market is the stranded short-seller
forced to cover in the face of CB-jawboning as there is little sign of long-term
believers stepping into the void . , California Dreaming Turns Into
Nightmare As Sinking FaceBerg Stock Means Less State Revenue , The Chinese Juggernaut Losing
Steam?
, Hyper Mario And Germany On
Verge Of All Out Warfare Back in March we wrote "Mario Draghi Is Becoming
Germany's Most Hated Man " for one reason:
a few months after the former Goldman appartchik was sworn in to replace
Trichet with promises he would not "print" Draghi did just that in a
covert way via $1.3 trillion in LTROs, that immediately hit the economy and
sent inflation across Europe soaring. It now appears that the simmering hatred
between the two is about to upshift to a whole new level, with the threat of
open escalation finally arriving. Because if Sueddeutsche Zeitung is correct,
via Reuters, in precisely 12 hours, Draghi will proceed with a plan that has
neither Germany's nor Buba's blessing, in the process effectively isolating the
only remaining solvent country in Europe, and its de facto paymaster, and
forcing Germany to take a long, hard look at the exit sign (which, however, as
reported earlier, with each passing day that drags Germany's economy is
becoming less of an unthinkable outcome). To wit: "Draghi is planning
concerted action using both the ECB and the future euro European Stability
Mechanism (ESM) to purchase sovereign debt from Spain or Italy in order to help
push down borrowing rates for those two countries." There is one problem:
" highly
doubtful that the German government would agree to Draghi's approach. The
Bundesbank also is likely to reject the idea, the paper added. " , Guest Post: When Quantitative
Easing Finally Fails
While markets await details on the next round of quantitative easing
(QE) -- whether refreshed bond buying from the Fed or sovereign debt buying
from the European Central Bank (ECB) -- it's important to ask, What can we expect from further heroic attempts to reflate the OECD
economies? The 2009 and 2010 QE programs from the Fed,
and the 2011 operations from the ECB, were intended as shock treatment to hopefully set economies on a more typical, post-recession, recovery
pathway. Here in 2012, QE was supposed to be well behind us. Instead, parts of
Southern Europe are in outright depression, the United Kingdom is in double-dip
recession, and the US is sweltering through its weakest “recovery” since the
Great Depression. QE is a poor transmission mechanism for creating jobs. It wasn’t supposed to be this way. Macquarie Sees $176 Billion In
Lieborgate Losses, $88 Billion Hit To Libor Panel Banks …the simply stunning number of $176 billion . If true: prepare for the banks' Tobacco moment as well over half of the
market cap of global financial institutions who just so happens have exactly
$0.00 in litigation reserves for just this contingency, is slashed. , Citi Sounds A Warning:
"The Misread Of The Fed May Also Worry Investors That They Have Misread
Draghi" No Functional Miracle Weapons
To Fight The Debt Crisis Posted by : testosteronepit Post date: 08/01/2012 Or any other weapons. A panacea, yes, but it doesn’t work.
Stunning Crimes of the Big
Banks: Worse than Your Wildest Imagination Posted by: George Washington Post date: 08/01/2012 You Wont Believe What They’ve Done …
Obamanomics: Grab Some Pizza,
Grow the Economy Posted by: CrownThomas Post date: 08/01/2012 If you buy a slice of pizza, and build a road, the economy
grows.
http://endoftheamericandream.com
http://albertpeia.com/theywanttochipyou.htm
Kurt Nimmo
{ I’m really constrained to interject my own direct
experience with the FBI here; and, I must say I do so lamentably. If you want
no real results vis-ŕ-vis organized crime which now extends to the upper
reaches, highest levels of the corrupt u.s. government, go to the FBI. I
discounted the new jersey FBI as just typical corrupt, mob infested jersey
which thinks in terms of discos/casinos. But, truth be told, they never ask the
‘tough’ questions of the biggest criminals; ie., the biggest wall street
frauds, cia connected illegal ‘drug ops’ (ops…riiiiight), federal judges ie.,
trump barry, shiff, alito, etc.; but, they did go after Martha Stewart in a
very big way over a $45,000 transaction. Wow! You can’t make this stuff up. I
also don’t believe their (understated) crime stats for even a second. I’m
beginning to feel foolish for having even put my full faith and trust in them,
much less the ‘federal (judicial) system’ who share the ‘same employer’; and,
despite my antipathy for the mob, probably would have fared ‘more fairly’ with
the mobsters directly who seem to have at least some sense of the magnitude of
the fraud involved and the pervasive corruption of the system and government
and maybe a semblance of honor in this nation of protracted decline. It never
would have occurred to me back when for me, such a choice/decision was
clear-cut and simple. Such a course as mine I no longer could recommend
inasmuch as there is little difference between state/government sponsored
crime/corruption and that perpetrated by other criminal elements, from my
direct experience with both, infra:
Debauchery: An American
specialty In the land of
Lindsay Lohan and Snooki, some federal workers reflect our culture all too
well. (Washington Post) [ Lindsay Lohan? Come on Mr. Milbank, hands off the low
hanging fruit. She’s totally harmless. Jersey ‘italian’ snooki? In mob infested
new jersey, who knows (one of the properties in my proceedings for which
surplus funds are unaccounted for was a 2 bedroom 1 and 1/2 bath condominium in
seaside heights, n.j.). But debauchery an american specialty? Another rare
instance wherein I agree with Mr. Milbank completely. 25 Signs That America Is A
Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics
held close to vest EXCLUSIVE |
Documents and interviews show FBI and Justice Department officials took steps
to control information uncovered by a task force designed to examine cases
involving discredited agents. Many defendants were never notified of flaws in
cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this. I’m
awaiting word from the FBI as to resolution, one way or the other, concerning
the RICO matters which have been systematically and corruptly covered up by the
government (executive, legislative, and judicial branches of the pervasively
corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . Never in my wildest dreams would I have believed the
level and extent of corruption and criminality within the ranks of the u.s.
government before embarking upon this costly quest for justice and simple
fairness consistent with clear law (infra, regarding the u.s. government’s
direct involvement in the illegal drug trade). In this civil RICO matter, there
are no innocent bystanders; but rather, perpetrators, accomplices, and
co-conspirators. When the fbi agent initially assigned to this matter
(Connecticut) abruptly resigned/retired shortly after a conversation, though
not central to my case, wherein I had said that rudy giuliani’s father had been
an (convicted) enforcer for the mob (served 12 years? in prison, aggravated
assault/manslaughter?) and then sent him documentation owing to his disbelief.
Though ultimately ineffectual vis-ŕ-vis my case, he was a likeable guy for whom
I had and still have regard. I then spoke with FBI Agent Jeff Rasey upon the
aforesaid agent’s departure who somewhat plaintively (‘my call being a burden’)
told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain
further. Could anyone tell me what that means? Initially, at new jersey’s FBI
office, I was ‘greeted’ by an FBI Agent who sarcastically asked me whether I
was ‘going to the disco that night’ (the documents including sworn statements
delivered to then u.s. attorney sam alito’s office in the same building
disappeared twice along with the initial assistant u.s. attorney Jonathan Lacey
with whom I had reviewed the documentary evidence, documents and their
probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf . We all can infer sam alito’s reward /
quid pro quo for his cover-up by his current position on the u.s. supreme
court. There was never a question as to maryanne trump barry’s
interest in corrupting the judicial process as related to her brother’s (trump)
casinos. Jersey city boy louis freeh, labeled by former Prosecutor Larry
Klaiman as the most corrupt FBI director ever (see infra, mueller seems no
different, and certainly holder’s impeachable actions and corrupt
behavior/cover-ups fit the mold, ie., fast and furious, race bias favoring
blacks, etc.) apparently covered up the RICO violations as sent to him, and,
with italian citizenship and lucrative insider deals fits the bill. The FBI
Agent Jeff Hayes of the Long Beach Office with whom I reviewed the RICO
documents and confirmed same as indicative of (drug) money laundering was
transferred shortly after meeting with him, as has been so of FBI Agent Bill
Lewis (promoted to Washington FBI headquarters) with whom I discussed the RICO
matter and case disks/dvd’s sent to the LA FBI office (they printed the
documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here in Los
Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to believe
it based on my own experience and reasonable inference. I’m currently being
‘stonewalled’ by the LA FBI office since the departure of FBI Agent Bill Lewis.
GOOGLE SEARCH – ‘LARRY
KLAYMAN, LOUIS FREEH CORRUPT’
archive.newsmax.com/articles/?a=2000/7/30/211047
Jul 31, 2000 – Judicial
Watch is a public-interest law firm that fights corruption in government. To read Larry
Klayman's letter to Louis Freeh , ...
www.judicialwatch.org/archive/newsletter/2003/0203b.shtml
... security," said JW
Chairman Larry Klayman . "His behavior stands in stark contrast to Louis Freeh , a man so corrupt he destroyed the office he led, ...
www.freedomwriter.com/issue20/am15.htm
“ Louis Freeh will finally have to answer in court for what he did to our clients. ...
answers,” stated Judicial Watch Chairman and General Counsel Larry Klayman . ...
www.infowars.com/jw_transcript.htm
Klayman, Larry, Chairman,
Judicial Watch ... My name is Larry
Klayman . ... interest group that
investigates and prosecutes government corruption and abuse.
...... They seized his computer – these are FBI agents at the direction of Louis Freeh , ...
www.judicialwatch.org/archive/2001/printer_921.shtml
May 3, 2001 – Because of
his corrupt behavior, Freeh was placed on
Judicial Watch's ... stated Judicial Watch Chairman and General Counsel Larry Klayman . ...
www.wnd.com/index.php?pageId=5374
May 27, 2000 – By Larry Klayman ... While Judicial Watch has asked FBI Director Louis Freeh to .... lawsuits against a corrupt and unrepentant Clinton-Gore ...
cryptome.org/trulock-v-fbi.htm
LOUIS J. FREEH , in his personal capacity; NEIL GALLAGHER, in his
No. ... COUNSEL ARGUED: Larry E. Klayman , JUDICIAL WATCH, INC., Washing- ton, D.C. ...
Review of flawed forensics
held close to vest EXCLUSIVE |
Documents and interviews show FBI and Justice Department officials took steps
to control information uncovered by a task force designed to examine cases
involving discredited agents. Many defendants were never notified of flaws in
cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this. I’m
awaiting word from the FBI as to resolution, one way or the other, concerning
the RICO matters which have been systematically and corruptly covered up by the
government (executive, legislative, and judicial branches of the pervasively
corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . Never in my wildest dreams would I have believed the
level and extent of corruption and criminality within the ranks of the u.s.
government before embarking upon this costly quest for justice and simple
fairness consistent with clear law (infra, regarding ie., the u.s. government’s
direct involvement in the illegal drug trade, etc.). In this civil RICO matter,
there are no innocent bystanders; but rather, perpetrators, accomplices, and
co-conspirators. When the fbi agent initially assigned to this matter
(Connecticut) abruptly resigned/retired shortly after a conversation, though
not central to my case, wherein I had said that rudy giuliani’s father had been
an (convicted) enforcer for the mob (served 12 years? in prison, aggravated
assault/manslaughter?) and then sent him documentation owing to his disbelief.
Though ultimately ineffectual vis-ŕ-vis my case, he was a likeable guy for whom
I had and still have regard. I then spoke with FBI Agent Jeff Rasey upon the
aforesaid agent’s departure who somewhat plaintively (‘my call being a burden’)
told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain
further. Could anyone tell me what that means? Initially, at new jersey’s FBI
office, I was ‘greeted’ by an FBI Agent who sarcastically asked me whether I
was ‘going to the disco that night’ (the documents including sworn statements
delivered to then u.s. attorney sam alito’s office in the same building
disappeared twice along with the initial assistant u.s. attorney Jonathan Lacey
with whom I had reviewed the documentary evidence, documents and their
probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf . We all can infer sam alito’s reward /
quid pro quo for his cover-up by his current position on the u.s. supreme
court. There was never a question as to maryanne trump barry’s
interest in corrupting the judicial process as related to her brother’s (trump)
casinos. Jersey city by louis freeh, labeled by former Prosecutor Larry Klaiman
as the most corrupt FBI director ever (see infra, mueller seems no different,
and certainly holder’s impeachable actions and corrupt behavior/cover-ups fit
the mold, ie., fast and furious, race bias favoring blacks, etc.) apparently
covered up the RICO violations as sent to him, and, with italian citizenship
and lucrative insider deals fits the bill. The FBI Agent Jeff Hayes of the Long
Beach Office with whom I reviewed the RICO documents and confirmed same as
indicative of (drug) money laundering was transferred shortly after meeting
with him, as has been so of FBI Agent Bill Lewis (promoted to Washington FBI
headquarters) with whom I discussed the RICO matter and case disks/dvd’s sent
to the LA FBI office (they printed the documents thereon, as per Agent Lewis),
Steven Martinez, ADIC, here in Los Angeles (see infra). So, as regards FBI
flaws, coverup, etc., I have to believe it based on my own experience and
reasonable inference. I’m currently being ‘stonewalled’ by the LA FBI office
since the departure of FBI Agent Bill Lewis.
The following is my comment
to an LA Times article regarding a Justice Department cover-up! As for your
inquiry, all I think about day and night is a long overdue resolution to the
RICO litigation as set forth therein:
I believe him!
I truly empathize with the ATF in terms of
government cover-ups, notably by even the DOJ. You’ll recognize some familiar
names (ie., Alito, Trump, Freeh (Louis Freeh now has dual citizenship with
Italy), and some familiar crimes (ie., drug money laundering, etc. – real cash
cow for gov’t ops, bribes, etc.). [Did you know this about the following ATF
Agents who were probably viewed as loose ends: Steve
Willis, Robert Williams, Todd McKeahan & Conway LeBleu: Died February 28, 1993 by
gunfire at Waco. All four were examined by a pathologist and died from
identical wounds to the left temple. All four had been body guards for Bill
Clinton, three while campaigning for President and when he was Governor of
Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ] Here’s
some real, complicit cover-up / fraud on the part of the federal government, et
als:
October 15, 2010 (*see
infra {ultimately delivered by UPS})
Steven
M. Martinez, Assistant Director In Charge
Dear
Sir:
I enclose herewith 3 copies of the
within DVD rom autorun disk (which will open in your computer’s browser) as per
your office’s request as made this day (the disk and contents have been scanned
by Avast, McAfee, and Norton which I’ve installed on my computer to prevent
viral attacks / infection and are without threat). I also include 1 copy of the
DVD as filed with the subject court as referenced therein (which files are also
included on the aforesaid 3 disks in a separate folder named ‘112208opocoan’).
The (civil) RICO action (as you’re aware, the RICO Act is a criminal statute
which provides a civil remedy, including treble damages and attorney fees, as an
incentive for private prosecution of said claims probably owing to the fact
that the USDOJ seems somewhat overwhelmed and in need of such assistance given
the seriousness and prevalence of said violations of law which have a
corrupting influence on the process, and which corruption is pervasive). A
grievance complaint against Coan was also filed concurrently with the subject
action and held in abeyance pending resolution of the action which was
illegally dismissed without any supporting law and in contravention of the
Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam
provisions of the Federal False Claims
Act probably would apply and I would absent resolution seek to refer the within
to a firm with expertise in that area of the law with which I am not familiar) .
The document in 5 pages under penalty of
perjury I was asked to forward to the FBI office in New Haven is probably the
best and most concise summary of the case RICO Summary to FBI Under
Penalty of Perjury at Their Request (5 pages)
[ ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The
correspondence I received from the Congresswoman by way of email attachment
(apparent but typical problem with my mail) along with my response thereto is
included on the 3 disks as
fbicorrespondencereyes.htm . With regard to
the calls to the FBI’s LA and New Haven, CT offices: There was one call to the
LA office and I was referred to the Long Beach, CA office where I personally
met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of
the money laundering which he confirmed as indicative of same (he was
transferred from said office within approximately a month of said meeting and
his location was not disclosed to me upon inquiry). The matter was assigned to
FBI Agent Ron Barndollar and we remained in touch for in excess of a decade
until he abruptly retired (our last conversation prior to his retirement
related to the case and parenthetically, Rudy Giuliani whose father I stated
had been an enforcer for the mob to which he registered disbelief and requested
I prove it, which I did – he served 12 years in prison, aggravated
assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew
Maloney’s the one that prosecuted gotti).
In contradistinction to the statement in
said correspondence, there is a plethora of information including evidence
supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set forth in the
case, inter alia,
A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains unaccounted
for and which could be used for payment to creditors, Los Angeles, etc..
Counsel Robert Sullivan on my behalf documented by
way of certification upon investigation that Alan Shiff, USBCJ, had falsely
stated a dismissal upon which false statement he predicated a retaliatory and
spurious contempt proceeding against me causing substantial damage, and for
which he sought Judicial Notice of those and related proceedings as did I in
some of my filings.
The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by
the court’s deadline causing creditors and me substantial damages:
[ Shiff Order of Dismissal With Prejudice on Coan’s Failure to
File Page
1
Page 2
]
Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for a
hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of
Connecticut, who denied Coan’s requested relief as to Coan but precluded my
action against Shiff (although there is no immunity, judicial or otherwise, for
criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) .
[ transcript in pertinent part - http://albertpeia.com/crossexamofcoanbypeia.pdf ]
Newly appointed judge,
Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite
the conflict of interest in light of hundreds of thousands of dollars of
illegal (drug) money being laundered through the Trump casinos by the RICO
defendants, and despite my motion to recuse her which motion she heard herself
and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to
join or file a separate motion to recuse and not long thereafter left said
office for private practice at Cole, Shotz, et als on retainer with the RICO
defendants as his primary client.
Probative and
evidentiary documents, affidavits, exhibits, including those turned over to FBI
Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney
Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in
Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said
documents and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with the
office, that the file/documents could not be located, and that there was no
further information available concerning contacting him or his location. I
thereupon delivered by hand, copies of said documents to the office of then
U.S. Attorney Alito, addressed to him, with assurance they would go directly to
him. In addition to being inept [ I looked in on the one mob case he had
brought, bungled, lost (accidently on purpose?) since I was suing some
mob-connected under RICO and the court (I had known / previously met outside of
court the judge Ackerman through a client) was absolute bedlam and a total joke
since incompetent corrupt Alito brought in all 20 mob defendants (rather than
prosecute one or a few to flip them first) who feigning illness had beds/cots
in the courtroom along with their moans during testimony and had the jury in
stitches. As much as I hate the mob, it truly was funny, if not so tragic.],
Alito is also corrupt (and maybe corrupt because he is inept).
After a reasonable (but still rather short) time I called to determine the
status and was told that Alito was no longer with the Office of the U.S.
Attorney, that he was (appointed) a federal judge, and that neither the
documents nor any file or record of same could be located. Alito did parley the
same / cover-up into quid pro quo direct lifetime appointment to the Court of
Appeals, 3 rd circuit, despite the absence of judicial
experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as
well). This is the same Sam Alito that now sits on the purported highest court
in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety coverage and
neither LA, nor creditors, nor I should continue to have been damaged by this
brazened corrupt and illegal scenario, which should be resolved in accordance
with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia 611 E. 5 th Street, #404
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. (Ultimately delivered by UPS) ]
FROM:
Rep. Lucille Roybal-Allard
TO:
[email protected]
Message flagged
Wednesday, November 16,
2011 8:48 AM
Dear Mr. Peia:
Thank you for being in touch. As
we continue the busy first session of the 112 th Congress, I want you
to know that I am grateful for the various times you have shared your thoughts
and concerns with me on different issues. Please be assured that your
voice is being heard and that your perspective helps me to better represent you
in Washington, D.C.
Sincerely,
[ This is a reply to the
Congresswoman’s query among others included.]
11-5-11
Dear Congresswoman Roybal-Allard:
The Keynesian (economic)
approach, if ever a wise prescription for ‘economic doldrums’, euphemistically
speaking (there are articles/studies/data that dispute the purported
effectiveness of the widely hailed ‘Keynesian remedy’ during the prior great
depression), the ‘Keynesian way’ is certainly no longer a prudent approach
today in light of the insurmountable debt levels of nations worldwide and in
america particularly along with the concomitant over-printed, debased ‘paper
currencies’ to finance same. Quite simply, there simply is not enough real value
being created for redistribution, a situation exacerbated by the parasitic
lightening fast, computerized churn and earn high frequency trading programs on
fraudulent wall street (they should be prosecuted, jailed, fined, and
disgorgement imposed for extant frauds in the trillions now marked to anything
as per misguided legislated FASB rule change). [ America’s
debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke …The
government’s total indebtedness is $211 trillion ’. 43,454,601,693,238 Reasons Why
The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17, 2011 http://www.economist.com/content/global_debt_clock ] .This is the consequence of a structural shift
fed by greed and misguided policy and cannot be undone (transfer of productive
capacity to ie., China, etc., ‘the bell cannot be unrung’). That said which
militates against such an extension, this is an election year which
probabilities suggest makes highly likely the passage of the extension. I favor
your co-sponsored legislation and before the holidays simply in the name and
spirit of Christmas and for no other reason whatsoever. Below is a recent
comment to Opinion Writer Krauthammer’s ‘more war spending (Keynesian)
position’ and an article regarding the folly of same. Immediately following is
from my prior post to you concerning something of such manageable proportion
and well within the government’s ability to resolve (if the government can’t
accomplish this consistent with law and long overdue, then there isn’t anything
the government can accomplish), along with other comments to you for ease of
reference:
‘…As previously noted in a
prior message to you, I had previously spoken to FBI Agent Bill Lewis in
Washington who was recently promoted to the FBI Headquarters Office (D.C.) from
the FBI office here in LA, and who was to be out of the office for the two
weeks past. I’ll be contacting him given a reasonable time for him to ‘catch
up’, from being out of the office. While independent contractor richard coan is
ultimately the one to bear the burden of damages (there’s insurance and a
surety covering same), coan might allude to the prior default of the u.s.
government (assist. u.s. atty. robert i. lester miscounted / miscalculated the
time for filing an answer / response to the complaint upon service thereof,
also misstating the rule in open court before corrupt judge matz who
‘schmoozed’ things over (they both have the same employer), however incorrectly
according to the ‘law’. I ordered / bought a copy of the transcript of that
rather pathetic proceeding (posted in part on my website). In any event,
regardless who pays me, the amounts so paid would ultimately be recovered from
coan, his insurer/surety which amounts might even exceed the amount I’m willing
to settle at. [There is also a judgment (referenced in the correspondence to
FBI ADIC Martinez infra) that had been entered in my favor in the case, United
States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth
approximately now in excess of $300,000 remains unaccounted for and which would
benefit Los Angeles, etc.; and then, of course as well, the substantial
damages. ] I’ve waited far too long for this matter to resolve, what should
have been resolved in accordance with clear law long ago; and, which would have
been resolved if not for typical u.s. corruption in the process; and, which is
well within the government’s ability to resolve. In my world and way of
thinking, results do count! I’ve included prior correspondence for ease of
reference…’
Sincerely,
Albert L. Peia
America also
leads in the illegal drug trade. In fact, many researchers reveal that
the war on drugs is only utilized to control and monopolize the illicit
drug trade. The US government has been caught multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now openly protects and transports opium from Afghanistan [ http://www.youtube.com/watch?v=ElEciFI0Pew ] . In fact, Global Research points out that in 2001, “according to UN
figures, opium production had fallen to 185 tons. Immediately following the
October 2001 US led invasion, production increased dramatically, regaining its
historical levels.” This month, the U.N. announced that Afghanistan now provides 93% of the
world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons. Although the
empire tries to keep it secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm
Drug war hypocrisy: drug
trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The
hypocrisy of the war on drugs is centers on the amount of drug trafficking that
benefits the CIA and international banking system. Natural News February 1, 2012 [ [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the
amount of drug trafficking that benefits the CIA and international banking
system. The son of a convicted notorious mobster, John Gotti Jr, when asked in
court if the family still dealt drugs cracked, “No, we can’t compete with the
government.”
The Criminal Banking Cartel's
End Game: A 100% Digital Monetary System
Posted by: smartknowledgeu Post date: 06/07/2012 The end game of this global
monetary crisis is the imposition of a 100% digital monetary system that would
permanently end what little economic freedoms we still retain today. Educate.
Resist. Fight... http://albertpeia.com/criminalcartel.htm { I agree with the thrust of this article which
I’ve yet to read in full; if only to emphasize that with a mouse
click/button/keystroke/enter you could easily be separated from your
money/wealth which is a formidable intimidating threat consistent with planned
subservience (and also facilitating manipulated fraud, etc.). And, don’t think
they wouldn’t do it, meaningless, arbitrarily enforced laws notwithstanding.
Don’t forget; government slugs all have the same employer. I experienced the
corruption first-hand: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm }
‘ If the case of white
supremacist Hal Turner taught us anything, it is that the government
manufactures Nazis and racists from whole cloth and then uses them to push
hysterical domestic terrorist propaganda and self-aggrandizement.
It came out during
Turner’s trial that he was a
“National Security Intelligence” asset working for the FBI’s Joint Terrorism Task Force. His code name was
“Valhalla” and “he received thousands of dollars from the FBI to report on such
groups as the Aryan Nations and the white supremacist National Alliance, and
even a member of the Blue Eyed Devils skinhead punk band,” according to The
Record .
The FBI has run
racist and white supremacist groups since the 1960s. Under COINTELPRO, the FBI
“subsidized, armed, directed and protected the Ku Klux Klan and other
right-wing groups,” Brian
Glick writes. Racist
groups were used to create a strategy of tension by attacking groups on the
so-called left, including anti-war, Chicano and Puerto Rican activists and
nationalists.
More recently, in
2007, the FBI organized a neo-Nazi march in Orlando, Florida. The FBI’s
“informant” (agent provocateur) “was one of the most visible individuals in the
National Socialist Movement,” according to Andy Rosenkranz , state regional director for the Anti-Defamation League.
“Generally, the FBI and the JTTF (Joint Terrorism Task Force) in Florida does
an excellent job.”
The FBI has also infiltrated a number of supposed Muslim
terrorists groups and has wheedled, cajoled and otherwise manipulated patsies
into agreeing to commit terror attacks.
In October, Mother
Jones revealed that the
FBI is notorious for creating supposed terrorist groups from scratch and then
framing patsies in order to claim the government is protecting the United
States from terrorists. The number of government informants and agents
provocateurs has grown exponentially since the 1970s when the FBI claimed it
shut down COINTELPRO.
On Tuesday, the New
York Daily News reported the FBI’s latest terrorist creation – the 1st SS
Kavallerie Brigade Motorcycle Division, founded in 2007 to recruit neo-Nazi
bikers for the Aryan Nations, a white supremacist terrorist organization,
according to Anthony
Bartkewicz .
“ One member offered a
$1,000 reward for the shooting of a black man. Others stockpiled explosives to
be used in terror attacks on U.S. targets,” writes Bartkewicz. “But the biker
gang was founded by undercover law enforcement agents in Florida, and
eventually 20 people were arrested for a range of offenses, from dealing drugs
to possessing illegal weapons and plotting murders, the
Orlando Sentinel reported .”
In May, the FBI took
down a group of mentally challenged white supremacists belonging to the
American Front, a group on the edge of extinction in the early 2000s but
resuscitated on the internet. The FBI claimed the group was “planning to kill
Jews and minorities in the ‘inevitable’ race war, according to an affidavit
obtained by the Orlando Sentinel. The Sentinel reports that the group also
looked to manufacture ricin, a ‘weapon of mass destruction,’” CBS
Tampa reported.
Considering the FBI’s track record, however, it is likely
the ricin plot was concocted by the agency and then fed to the American Front
patsies prior to the sensationalized bust. Patsies rarely devise their own
plots and are carefully managed by the agency and its army of informants and
agents provocateurs.
The Nazi biker group
created by the FBI after the Aryan Nations said it wanted to form a Nazi
motorcycle club to serve as the militant arm for white supremacists across the
country, according to records obtained by the Orlando
Sentinel .
“Using a false identity, the agent with the Orange County
Sheriff’s Office became the Aryan Nations’ top Florida administrator
responsible for recruiting members for what would become the 1st SS Kavallerie
Brigade Motorcycle Division — operating out of a clubhouse in St. Cloud,” Henry
Pierson Curtis writes for the Sentinel.
“Early members included at least two additional
undercover FBI agents – who infiltrated the club — and a biker accused of
offering $1,000 to anyone willing to shoot a black man riding an ATV in rural
Osceola County, records show.”
In 2007, a FBI
informant, Rick Spring, admitted to running the Aryan Nations. “In a
confessional emailed out to white nationalist leaders, federal informant and
convicted bank robber Rick Spring admitted today that he operated the Aryan
Nations as a false flag front group for the FBI after the death of Richard
Butler,” wrote Bill White , editor of the Libertarian Socialist News.
Government
connections to terror groups are legion. In 2004, for instance, the FBI
revealed the Southern
Poverty Law Center was involved with government operative and convicted Oklahoma City bomber Timothy McVeigh and
the Aryan Republican Army at Elohim City. McVeigh’s contact at Elohim City was
Andreas Carl Strassmeir, a former German intelligence officer . Peter
Langan , the son of a
retired U.S. Marine intelligence officer and said to be the leader of the Aryan
Republican Army, was a government informant.
The SS Kavallerie Brigade Motorcycle Division,
responsible for setting up the American Front, is yet another convoluted
government fabrication designed to convince ill-informed Americans that radical
Muslims are not the only threat they face. So are white guys with tattoos on
their foreheads.
The absurdly overblown threat of skinheads gunning for
minorities plays right into the Department of Homeland Security’s “rightwing
extremist” narrative.
“ Threats from white
supremacist and violent antigovernment groups during 2009 have been largely
rhetorical and have not indicated plans to carry out violent acts,” the DHS
wrote in a 2009 for
eyes-only memo subsequently leaked to Infowars.com and others, but “have
capitalized on the election of the first African American president, and are
focusing their efforts to recruit new members, mobilize existing supporters,
and broaden their scope and appeal through propaganda, but they have not yet
turned to attack planning.”
The FBI’s contrived plots –
including purported violence against police and officialdom by the Hutaree
militia and now a supposed weapons of mass destruction attack by the American
Front – are designed primarily for propaganda purposes. The Hutaree militia was
vindicated in court and the accusations against the American Front will likely
also eventually be reduced and revealed as government grandstanding, although
this will not be reported on the front page in blazing headlines.’
7-31-12 Dave’s Daily: http://www.etfdigest.com INVESTORS WAIT ON CENTRAL BANKS AND JOBS 7-31-12 ‘U.S.
economic data Tuesday featured Personal Income & Spending (Income .5% &
Spending flat); core PCE ex-food & energy rose (1.8%...and, thankfully we
don’t use that stuff right?); the Case Shiller Home Price Index rose (2.2% vs
.5% expected & prior .7%); Chicago PMI rose (53.7 vs 52.5 expected &
prior 52.9), and Consumer Confidence rose (65.9 vs 61.5 expected & prior
52.9). Taken together these were good reports and not the stuff to accommodate
more QE one would think. Investors await the Fed’s Wednesday afternoon’s policy
announcements with bulls hoping for more QE or at least hints of that.
Meanwhile Germany continues to say “nein” to any thoughts of granting the ESM
(European Stability Mechanism) a banking license which would enhance its power
to buy bonds. This is one tool at the core of Draghi’s “all-in” comments. At
the same time, France’s Hollande and Italy’s Monti are cheerleading these ideas
as no doubt is our own Treasury Secretary Tim Geithner. The ECB meets Thursday
to announce (kick the can) further with bailouts for all comers. In all things
government micro-management and basic “fairness” the Federal Housing Finance
Agency (FHFA) has via Acting Director Edward Demarco decided not to reduce
principal on underwater mortgages . Is it fair to reduce mortgage principal for some
investors but not all? (Crazy thinking right?) Geithner penned a response directly challenging this view and
endorsing the government’s interventionist hand and its own views of fairness.
Not lost on investors will be Friday’s all-important Employment report to
kick-off August. It’s the end-of-month for bulls which means it’s time to mark-up
(window dress) markets. News surfaced Tuesday that Apple (AAPL) might consider
splitting its stock and might be included then in the DJIA per this Forbes report . This allowed the stock to rally nearly
3%. To add to current doubts, Bill Gross of Pimco wrote a note entitled the Death of Equities which won’t be appreciated by Wall
Street product vendors which includes Pimco. Stocks were lower, bonds (IEF)
slightly higher in price, the dollar (UUP) and gold (GLD) weaker, as were
commodities (DBC) overall. In other words, it was a down day period. Volume was
light and breadth per the WSJ was negative. Given the impending news from
central banks this posting is short but longer than yesterday’s…’ Bill Gross: WE’RE WITNESSING THE DEATH OF EQUITIES 7-31-12 By Steven Russolillo, WSJ Blogs MarketBeat WSJ.com's inside look at the
markets ‘ The bond king says stocks are dead. Bill Gross, Pimco’s
co-founder and co-chief investment officer, says stock investors should think
again about the age-old “buy-and-hold” investing mantra. He says consistent,
annual returns are a thing of the past. “ The cult of equity is dying,” Bill Gross wrote in his August
Investment Outlook . “Like a once bright green aspen turning to subtle shades of yellow then
red in the Colorado fall, investors’ impressions of ‘stocks for the long run’
or any run have mellowed as well.”… an “historical freak”
that isn’t likely to be duplicated anytime soon, due to slowing economic growth
around the globe … “The 6.6% real return belied a commonsensical flaw much
like that of a chain letter or yes — a Ponzi scheme… , THE REAL CRASH IS DEAD AHEAD AS 2008 IS
FORGOTTEN Paul B. Farrell , MarketWatch http://albertpeia.com/realcrashdeadahead.htm
, Just Open Up Your Eyes And
Look - 65 Signs That The Economic Collapse Is Already Happening http://albertpeia.com/65signseconomiccollapsehappening.htm , Germany Now Has a REAL Debt to
GDP of 300%…. Bye Bye Eurozone http://albertpeia.com/germanydebttogdpnow300percent.htm , Historic Drought, Giant Dust
Storms And Massive Power Grid Failures - A Glimpse Into Our Future http://albertpeia.com/droughtdustpowergridfailuresfuture.htm , China PMI Misses And Prints
Lowest In 8 Months With 10 Of 11 Sub-Indices Contracting ZeroHedge.com Tyler Durden , Jeremy Grantham: "I, For
One, Wish That The World Would Get On With Whatever Is Coming Next" "The economic environment seems to be stuck in a
rather unpleasant perpetual loop. Greece is always about to default; the latest
bailout is always about to save the day and yet never seems to; China is always
about to collapse but instead teases us by inching down; and I swear the
Financial Times is beginning to recycle its reports! In the U.S., the fiscal
cliff looms along with debt limits and the usual election uncertainties. The
dysfunctional U.S. Congress continues for the time being in its intractable
ways. The stock market rises and falls and rises and falls again. It is getting
difficult to find anything new to say at client meetings. I, for one, wish that the world would
get on with whatever is coming next." ‘… With margins weakening, one of the twin
pillars is looking shaky and price declines look more likely than before…’ , Guest Post: The European
Tinder Box ‘… Europe is on the
verge of being raped and our own politicians don’t know where to look, still
less what to do.
, Visualizing Today's Deja Vu
Last Second 60,000 E-Mini Contract Wipe Out Today, three seconds before the close, someone was in a
desperate hurry to dump 60,000 E-Mini contracts - the equivalent of $4.1
billion in underlying notional (ignoring the reflexive impact on various
correlated assets and downstream synthetic instruments like ETFs and options).
What happened next was a trade that was just shy of the size of the Waddell and
Reed trade that the SEC said caused the flash crash. Luckily this time there
was just 3 seconds of potential waterfall after-effects before the market
closed. Had this happened at the May 6 blue light special time of 2:30 pm, the
month end marks of US hedge funds and prop desks would have looked very
different one day before the all too critical FOMC statement. The question
remains: who waited to perform a reverse E-bay (inverse bid all in, in the last
second of trading), and just what do/did they know? Below we present the
complete 60,000 dump in its full visual glory courtesy of Nanex . , Equities Close Weak On Heavy
Volume As Month Ends Up 1% , Picturing The Turn In The
Credit Cycle the credit cycle is deteriorating rather
rapidly in both the US and Europe
, Geithner To DeMarco: "I
Do Not Believe [Un-Socialism] Is The Best Decision For The Country" In an administration
that has completely lost its mind, and in which the solution to every problem
is the forgiveness of debt to those who lived beyond their means… , GM's Channel Stuffing Goes To
Germany: Is Europe's Largest Economy A Fraud? We have long argued that auto manufacturers have been
channel-stuffing (and subprime-lending) themselves back into a disaster and as such class-action lawsuits have
begun . Recently we also pointed out the epidemic of dealer-inventory-stuffing in
China (and again this morning the Chinese luxury car market's
over-stuffing ). So today's report from Reuters that German auto manufacturers have
been stuffing dealer channels just like the rest of the world as Europe's
largest car market is in recession even if few outside of the industry would
know it. " Essentially, the carmakers are deceiving their shareholders , since they make it look as if the
vehicles were actually sold. They want to pull the wool over their eyes,"
as three in every ten
new vehicles in Germany are sold not to customers , but to carmakers and their dealers - a
type of automotive industry pump priming known as "self-registration" . At nearly half a million such registrations in the six
months through June, the total is greater than the entire new car market in
Spain. Is Germany's economy
really what it is reported to be given all this fake demand pull-forward - or
is it a total fraud?
, What Do PIIGS Bonds Know That
Stocks Are Oblivious To? , FaceBerg Hits 21 The Hard Way Was it only two months ago that Faceplant was heralded as
bringing in the new era of, well something... the public markets are a cruel
friend it seems as FB just traded with a $21 handle for the first time - down a
marvelous 53% from its IPO-day highs... Volume exploded once it crossed that
barrier as we suspect Margin Stanley was aggressively defending its new line in
the sand (how did that defense work at $38, $37, $35, and $30 - but maybe this
time is different).
, Europe's Second Scariest Chart ,
Bundesbank Pulls Cloud Nein
From Under Hollande, Draghi
Postal Service to Miss $5.5
Billion Payment to Treasury
Bloomberg | Rep. Issa: “The default by the Postal Service on its
obligation to its own employees and retirees follows decades of mismanagement…”
11 Signs That Time Is Quickly
Running Out For The Global Financial System
The Economic Collapse
| We are rapidly approaching a moment of reckoning for the global financial
system!
Brazilian Drugs Lords Show
More Integrity Than Central Bankers, Refuse To Sell Crack To Their People
Zero Hedge | Spot the
Fed analogies.
7-30-12 11 Signs That Time Is Quickly
Running Out For The Global Financial System http://albertpeia.com/11signstimesrunoutforfinancialsystem.htm Historically, a financial crisis has been more likely to
happen in the fall than during any other time, and this fall is shaping up to
be a doozy. Much of the focus of the financial world is on whether or not
the euro is going to break up, but even if the authorities in Europe are able
to keep the euro together we are still facing massive problems. Countries
such as Greece and Spain are already experiencing depression-like conditions,
and much of the rest of the globe is sliding into recession. Unemployment
has already risen to record levels in some parts of Europe, major banks all
over Europe are teetering on the brink of insolvency, and the flow of credit is
freezing up all over the planet. , Sorry Mario Draghi, Spain is
Finished!
Why the Financial System Could Indeed Collapse http://albertpeia.com/spainfinishedandfinancialsystemcollapse.htm , Treasury Admits It
Underestimated Debt Needs, Predicts Ceiling Breach In 2012; $600 Billion More
Debt In Second Half
Zerohedge.com Tyler Durden , Guest Post: The World’s Gold
Is Moving From West To East , Charting The Diminishing
Multiple Expansion Benefits Of Fed Action , EU Ombudsman To Probe Mario
Draghi's Conflicts Of Interest First some German dares to suggest Mario
Draghi's ECB should be sued for getting a "bigger than god complex",
and now the EU's ombudsman has the temerity to suggest Mario Draghi may have
conflicts of interest due to his previous jobs, most notably at Goldman Sachs,
a topic beaten to death on these pages... and various other factors. From Spiegel : "As soon as you took office, there were discussions about his past
in the U.S. investment bank Goldman Sachs - now has Mario Draghi, head of the
European Central Bank, and problems with the EU ombudsman. It's about the
membership of an influential banking lobby organization." What are the
"other factors": well, one is Draghi's presence in the Group of 30
which as we have explained previously , is the real behind the scenes central planning group which decides the
fate and future of the world (an extended write up here ). The other factor? Mario's son Giacomo, who just happens to work as an interest rate trader at Morgan Stanley London. , US Launches Global Washer
Trade War
, The Unbearable 'Factual'
Lightness Of The Chinese Economy , European Dollar Shortage Back
With A Vengeance As Short-Term ECB $ FX Swaps Hit 2012 High , Dallas Fed Plunges Most In
Over 7 Years To 10 Month Low; With Biggest Miss In 14 Months With expectations for a
muddle-through slight positive print, the headline Dallas Fed index just
printed at -13.2 (exp. 1.9). This is its lowest level
since September of last year and the biggest miss
of expectations since May of last year. The headline index is teetering on the
edge of its worst levels since 2009 as the month to month change in the general
business activity index dropped a massive 19pts - its largest drop since April 2005 . Specifically it
appears the outlook for capital expenditures was among the largest sub-index to
have its hope crushed - and this strongly suggests (and confirms) a sub-50 ISM
print. , Moody's: "The ECB Can Do
No More Than Buy Time" It would be odd to suggest that one of the
most scathing critiques of the ECB's attempts to talk up the market on nothing
but hope, promises and expectations would come from rating agency Moody's, yet
that is precisely what has happened. With Swiss, Dutch, Finnish, and German short-dated bonds once again hitting new
record low (negative) rates (and Italian 10Y is weakening) , it would appear that at least some of the market is not drinking the
all-things-risk kool-aid. , German Coalition Member Urges
Suing ECB Over Draghi Open-Ended Promise Economists React: Don’t Expect
QE3 This Week
wsj.com | Expectations that the U.S. Federal Reserve will embark
on another bout of bond-buying to stimulate the economy.
Unemployment Could Stay High
As U.S. Economy Slows
mbtmag.com | High unemployment isn’t going away.
Austerity At The Olympics:
Each “Gold” Medal Contains 1.34% Gold
Zero Hedge | As every Olympic athlete knows, size matters.
http://albertpeia.com/civilunrestishereandworstening.htm
http://albertpeia.com/flashmobrobberrieslootingnormalinamerica.htm
7-27-12 Dave’s Daily: http://www.etfdigest.com
BULLISH QE ALGOS 7-27-12
‘It’s difficult to comprehend the tape sometimes, especially when you
try to square it with the overall news. The bottom line is bulls have placed
their bets that the eurozone will be fixed and weaker U.S. GDP both will be met
by a heavy dose of QE. Everything else doesn’t matter. Bulls don’t believe the
Germans, despite Bundesbank’s comments to the contrary; will block bond buying by Draghi and the ECB. The key
phrase in the linked WSJ article was, “If there is no ECB bond buying next week
stocks will collapse”. { AP: What I really can’t fathom is how, why people are
so eager to support the churn-and-earn paper fraud on wall street (their
computers are literally selling to themselves along with the other programmed
algo insanity – helping/facilitating these costly wall street frauds which have
not helped but in many ways hurt the real economy – their gain is everyone
else’s pain as that money in their pockets must come from some real place;
viz., your pockets – there’s no free lunch). Their buying time with b***s***
also facilitates the transfer of their ‘worthless paper hot potatoes’ to ie.,
taxpayers, governments, etc.. Totally pathetic! We’re way past the ‘fool me
twice, shame on me’ stage! They really
have to be prosecuted and put in jail where they belong. They’re just not that
important and they are a substantial detriment to the real economy and society
generally. They have no fear of prosecution and have continued their paper
frauds where they left off last crisis, and seek once again to cash out for
hard currency, metals with the greater fools holding their worthless paper bag.
I used to follow the markets when value/valuation meant something. Now I track
them only to discern the ever greater frauds and the ‘political connectivity’
to same. } This is followed Wednesday by the Fed which may give QE3 hints or
news to confirm this late week rally. If the trend is real, the news must
confirm it. So, it’s “stand and deliver” time for central banks. Neal Barofsky , the former inspector general for TARP, continues to shout from the
roof-tops what a failure it was. Of course for a day like Friday his comments
were ignored. The operator of the largest global hedge fund, Ray Dalio (Bridgewater) issued a serious warning to all who might listen. Bank of America analysts also have a bearish view of QE, high equity market outflows and that QE3
would not be a success. Earnings overall, especially on the revenue side, have
been weak. There is no argument about this generally. Guidance by many
companies has been reduced for the third quarter. GDP data in the U.S. was 1.5%
down from a revised 2%. To call this a recovery is to reinvent the term.
Consumer Sentiment at 72.3 is as weak as we’ve seen this year. The stunning
gamble bulls made Friday was with Amazon (AMZN) where earnings and revenue
missed. The company guided the third quarter to a loss but the stock soared on
the belief that the company’s heavy investment in distribution will pay off for
Christmas. That’s a helluva bet with the stock trading at 270 X trailing
earnings. The dollar (UUP) continued to fall; gold (GLD) was modestly higher
(“risk on”); bonds (IEF) were higher in yield (“risk on”); and, commodities
(DBC) overall were higher. Stocks rallied sharply once again putting an
exclamation point to “QE algo rally” especially after Bloomberg reported that Draghi would meet with the Bundesbank’s President Jens Weidmann to iron out their differences. Bulls must think Draghi has the upper
hand. Treasury Secretary Geithner will join-in on Monday. ( All the king’s horses and all
the king’s men will “try” to put this together again.) Other than this, words
fail me. Volume on the rally was impressive and breadth per the WSJ was
positive…’ , 17 Reasons Why Those Hoping
For A Recession In 2012 Just Got Their Wish http://albertpeia.com/17reasonsrecessionnow.htm ‘ If you were hoping for a recession in 2012, then you are going to be very
happy with the numbers you are about to see. The U.S. economy is heading
downhill just in time for the 2012 election. Retail sales have fallen for
three months in a row for the first time since 2008, manufacturing activity is dropping
like a rock, sales of new homes are declining again, consumer confidence has
moved significantly lower and a depressingly small percentage of businesses
anticipate hiring more workers in the coming months. Even though the
Federal Reserve has been wildly pumping money into the financial system and
even though the federal government has been injecting gigantic piles of
borrowed cash into the economy, we still haven't seen an economic
recovery. In fact, we appear to be on the verge of yet another major
downturn. In California the other night, Barack Obama told supporters
that " we tried our plan — and it
worked ", but only those that are still
drinking the Obama kool-aid would believe something so preposterous. The
truth is that the U.S. economy has been steadily declining for many years and
now we have reached another very painful recession…’ , In Q2 America Added $2.33 In
Debt For Every $1.00 In GDP ZeroHedge.com Tyler Durden , 19 Examples Of How Control
Freaks Are Killing America With Their Completely Ridiculous Regulations http://albertpeia.com/19wayscontrolfreakskillinguswithregs.htm , The Channel-Stuffed GDP Report , Guest Post: The Absurdity Of
Sandy Weill
Any contrition on the part of Weill for his role in repealing
Glass-Steagall might as well be an attempt to close the stable door after the
horse has bolted. It’s like trying to uninvent the atom bomb after Hiroshima.
Weill was the guy who — above anyone else (AP: I have to interject here and say
there’s plenty of culpable blame to go around, which in no way should be
construed as a defense for weill!) —
was responsible for the damage done…’
, "It’s Been A Fun Ride,
But Prepare For A Global Slowdown" , Guest Post: 2nd Quarter GDP -
Weaker In All The Wrong Places , Mutiny At The ECB? A lot of desk chatter about this
move in risk-assets - and the entire reversion to red on the day in EURUSD - as
a WSJ report now circulating suggests that ECB members are not backing reported
proposals by President Draghi. Specifically, the statement referenced is the
following: "Many ECB Members Surprised By Draghi's
Comments Suggesting New Bond Buys, Source Tells WSJ" . The bottom line here is that Draghi most likely pulled a Mario Monti
(and his hanger on Mariano Rajoy), and spoke up before pre-clearing with Buba's
Weidmann. Draghi thinks that, like Monti with Merkel at the June 29 summit, he
can bluff the Bundesbank into submission, and Germany will agree to
monetization, especially if markets have risen enough where nothing out of the
ECB next week leads to a market plunge (as the WSJ explains below). The problem
is that as we patiently explained, Monti got absolutely no concessions our of
Merkel, as was seen in the bond yields of Spain after the June 29 summit, which
hit record wides a few weeks later. Expect the same this time around too: i.e.,
Germany will hardly cave in to the European beggars. , Perfectly Idiotic Market , Europe Releases Another
Unsourced Rumor To Talk Markets To Weekly Highs , Mapping The Mounting Muni
Meltdown
, Guest Post: Bernanke And
Draghi Are Dangerous
“Within our mandate, the ECB is ready to
do whatever it takes to preserve the euro. And believe me, it will be enough.” Nice, Mr. Draghi, but at what cost? And who will ultimately bear
this cost? It is already far beyond the measure of mere money; democracy, truth
and sovereignty have all been destroyed to prop up the central bankers' Status
Quo. We can presume Mr. Bernanke and the Federal Reserve are in on the
propaganda campaign, and so we need to examine the words and promises of these
two central bankers, as well as what they have not said. Is talking about
printing money as good as actually printing money? It would seem so. Is
promising to "do whatever it takes" as good as actually doing
whatever it takes? Once again, it seems so; global markets leaped at the "news"
that the financial Status Quo was going to be "saved" yet again. What
if it is beyond saving? , Ray Dalio Issues Stark
Warning: Spanish Collateral Is Running Out , 46.5 Million Americans, Record
22.3 Million US Households, On Foodstamps; 8,753,935 On Disability , FaceBerg Sinking At -40% Below
IPO Level
GDP growth slows to 1.5
percent in June
thehill.com | Looming fiscal cliff of U.S. tax hikes and spending
cuts.
Geithner: ‘We don’t know’
about U.S. banks’ role in Libor-fixing scandal
AFP | “I don’t know” means “Maybe.”
Mitt Romney: Banking
Regulation Is Essential To The Functioning Of Markets
huffingtonpost.com | Romney told a crowd full of bankers
that the GOP has erred in the past.
Investigators Are Closing In
On Two Other Banks Involved In LIBOR Rigging
Reuters | Groups of traders working at three major European
banks were heavily involved in rigging global benchmark interest rates.
In Q2 America Added $2.33 In
Debt For Every $1.00 In GDP
Zero Hedge | In Q2, the US added $274.3 billion in debt while adding
$117.6 billion in GDP.
Draghi Rescue the Euro by
Printing More of Them?
Michael S. Rozeff | Sure he can, and pigs can fly.
Is Harry Reid The Most
Hypocritical Man In The World?
Zero
Hedge | While Dos Equis has its most-interesting-man, we think we have found
the ‘most hypocritical’.
Dave Bohon | Supporters of homosexual marriage, however, have been
unable to leave the issue and “agree to disagree.” { I believe the concerted
wrongful conduct of the respective cities et als vis-ŕ-vis Chick-Fil-A may well
be actionable as a business tort and as well, a violation of constitutionally
protected rights of free speech, having
a chilling effect thereon, by way of incorporation thereof under the fourteenth
amendment of the u.s. constitution, as well as pursuant to the respective state
constitutions applicable to the offending cities. }
http://albertpeia.com/attackonchickfilaattacksfreespeech.htm
7-26-12 Dave’s Daily: http://www.etfdigest.com ‘DRAGHI JAWBONES SHORT SQUEEZE
7-26-12
“Words, words,
words, I'm so sick of words
Sing me no
song, read me no rhyme
- Alan Lerner: My Fair Lady { Yes,
indeed! Dave knows his shows! This one’s all b***s***! }
The ECB’s head Mario Draghi stated Thursday that the bank would use all tools at its disposal to maintain the euro
but…”within our mandate”. The mandate is an unsettled political issue for the
ESM (European Stability Mechanism) which is also stuck in the German courts
where its constitutionality is in question. Moreover the Germans have fiercely
maintained they wouldn’t be in favor of more bond buying. The bottom line is
this is more jawboning that algos seized on to rally stocks Thursday. After all
Draghi knows how to pump markets having been vice chairman and managing
director at…wait for it, Goldman Sachs International.In real news, Jobless
Claims fell (353K vs 380K expected & prior revised to 386K). With
cumulative non-stop revisions claims are actually now 149K higher 2012 year to
date. Pending Home Sales fell (-1.4% vs .9% expected & prior 5.9%) and the
NAR tried to explain this as a reduction in inventory--seriously. The Bloomberg
Consumer Comfort Index fell (-38.5 vs -37.9) and Durable Goods Orders rose
(1.6% vs .6% expected & prior 1.6%) however ex-transportation (mostly
aircraft) orders fell (-1.1% vs .2% expected & prior .8%).Earnings are
still coming out but already we’re seeing reports of lowered third quarter results for the S&P 500 which is now
expected to fall .1% from a year ago. It’s sounds like a modest amount but it does
affect PE expansion negatively.China stated it wouldn’t be interested in easing
real estate buying restrictions which took mainland Chinese indexes to lows not
seen since 2009. These are the things not many are paying attention as they’re
distracted by another round of “the eurozone is fixed” again.Leading markets
higher, particularly on the DJIA once again, were the priciest shares in the price-weighted
index (IBM) (MMM) (CVX). Financial (XLF) sector rallied on hopes that Draghi
will do some bond buying where they can unload their toxic
waste.Underperforming within the major sectors were small caps (IWM) higher but
still not catching much of a bid. Lagging were materials (XLB) as Dow Chemical
(DOW) had a poor report. Lower were most social media sectors (SOCL) which
include Zynga (ZNGA) and even Facebook (FB). And, despite crummy housing data
the past few days, homebuilders (ITB) rallied.The dollar (UUP) was sharply
lower on the Draghi move and gold (GLD) was higher. Oil (USO) was somewhat
higher helped by the weaker dollar. Most commodity markets (DBC) reacted
modestly Thursday while bonds (IEF) were relatively unchanged.As this is
written many company’s reporting earnings (SBUX) (AMZN) (FB) etc. are missing
estimates and their share prices are much lower.Volume was average on the
melt-up while breadth per the WSJ was positive for the second day running
relieving oversold conditions…’ , Facebook
revenue growth skids, shares plunge
, Draghi Just Pulled Out His
Bazooka… How Long Before the Crash? http://albertpeia.com/draghinbsandcrash.htm , The Audit The Fed Bill Gets
Passed By The House But Obama And The Democrats Are Going To Kill It http://albertpeia.com/obamademskillauditfed.htm , Biderman Batters
'Believe-Me'-Draghi
ZeroHedge.com Tyler Durden Somewhat stunned by the market's exuberant
reaction to Mario Draghi's 'Believe Me' speech this morning, Charles Biderman,
CEO of TrimTabs, sees the slow-motion train-wreck that is the European crisis
speeding up and rapidly running out of track. Charles sees the European crisis as "not a solvable problem the way the world works
today." Neither Draghi nor any of the bankers
even bothers to talk about the real problem of not
enough regional income and too much government spending . Draghi's only solution is some form of money printing. "Printing
money to pay bills maybe will work over the short term. But long term, it
cannot"; if money printing works in the real
world why not print and give every one a billion Dollars, Euros or Yen? While governments will do anything to maintain the status quo (and avoid
the tough times ahead), Charles succinctly reminds that, "the road to hell is paved with good intentions." , Guest Post: The Energy
Showdown In Argentina , The Cherry On Top: CME Lowers
Equity Index Margins By Over 20% , Guest Post: Central Banks Are
Chomping At The Bit
…how does the self-defeating idea of perpetual QE fit with the Credit Cycle relative to Government Directed Inflation (or inability to direct inflation where they want it in the case of the
ECB and BoE)? , Which Of These Facebook
Analysts Is Not Like The Others? Yesterday we showed how out of a universe 21
'analysts', just one ended up being correct on ZNGA. The trick part of the
question was that the 'analyst' in question was actually a computer quant
model. Today, we look at FB whose price has just tumbled to a new all time post-IPO
low with a $23 handle. And just like with ZNGA today, where BTIG's Richard Greenfield
ended up apologizing for his horrible call , something tells us tomorrow we will get quite a few more apologies too,
not least from Greenfield again whose Neutral call will hardly be "good
enough" for a stock that has now lost over a third of its value since its
market cap. , In Case Of Collapsing
Earnings, Expand Multiples And Pray Both earnings and revenues for 2012 have
been cut dramatically in the last three months, rejuvenating a sliding
consensus trend for 2012 that began in the middle of last year, and now Q3 expectations are negative YoY for the first time since Q3 2009 . However, as we are told again and again, the economy must be doing fine
because the market is up so much in that period. In fact, what is even more fun
to hear is that the market is cheap ( never mind the incredulous
hockey-stick expectations for Q4 this year ). In fact, the market is not cheap at all. The correlation between the
S&P 500 in the last two years and the P/E multiple shows that performance has been driven almost entirely by multiple-expansion alone . Forward P/E is now getting close to recent peaks suggesting the market
is far from cheap and on a longer-term view (based on both an as-reported and
operating basis), the S&P 500 appears expensive - and perhaps these charts
will re-anchor whatever cognitive bias that seems to pervade the long-only
manager's herding mentality. , Visual Summary Of AMZN: 263x
PE Multiple, 1.2% Operating Margin, $7 Million Net Income And 69,100 Employees , Earnings Reality Bites UPDATE: FB -17%, AMZN -0.5%, SBUX -5.3% , Equities Close Monday's Gap
Down On Lowest Average Trade Size Of Year , Is Harry Reid The Most
Hypocritical Man In The World? While Dos Equis has its most-interesting-man , we think we have found the 'most
hypocritical'. Until today we thought Sandy Weill was the undisputed champion
in this category, but after seeing this clip we think he has strong
competition. At around 40 seconds into this lengthy diatribe, everyone's
favorite Libertarian Las Vegan utters the most two-faced hypocritical words that he could possible have
uttered: "I think we should audit the Federal Reserve" . Between Harry Reid's recent vehement anti-Paul behavior and the
whip-order that Democrats received on Ron Paul's bill yesterday, this is
stunning. While the sell-out nature of this kind of politician does not
surprise us, we thought it prudent for all US citizens to understand the true
nature of the political class that decides an increasing amount of our day to
day lives. , Greek Deposit Plunge Continues
As Tax Inspection Finds Every Business On Zakynthos Broke The Law On one hand we have Mario Draghi promising
he has a magic wand (not a printer -
remember the keys to that are now held by Angela Merkel who is on vacation) and
to "believe him" that the EUR will survive. On the other we have
Greece which is a poster child of everything that is wrong in Europe. And that we summarize as follows: i) an epic and
now relentless deposit outflow from Greek banks which continues as all trust in the local banking system is now
gone, as €7 billion in deposits or the second biggest amount ever, is pulled
and 20% of the entire corporate and household deposit base
has vaporized in the past year, and ii) an economy in
which it is every man for himself and where nobody pays any taxes any more,
period. Good luck Super Mario. , Guest Post: 4 Reasons Why You
Should Stop Believing In Chinese Leadership Did you know that Chinese government officials are all corrupt? Did you
know that many of Chinese statistics look either weird or totally unreliable to
a point that even the Vice Premier can’t help admitting it? People outside of China have never really trusted the Chinese Communist
Party as far as politics are concerned, and probably never will. However, the
seemingly unstoppable growth engine of China has produced a remarkable level of
complacency among investors that China is going to do well. While recent
economic data from China are mixed at best, the market consensus is unanimously
biased towards believing that the second quarter is the bottom. We do not understand the reasons behind the faith in the Chinese
leadership as far as running the economy is concerned . Here are a few reasons why you should just stop believing in the
Chinese leadership when it comes to running the economy. , Citi On Draghi: Expect Nothing
From The ECB Before The ESM Is Active (In September At The Earliest) , The US Is Not Japan Or Your
Average Stagnation: It Is Much Worse , Barofsky On Geithner: "We
Should See People In Handcuffs" There is no point in recapping the ongoing
vendetta between former SIGTARP Neil Barofsky and former head of the NY Fed,
and current Treasury secretary and resident TurboTax expert Tim Geithner. One
need but follow the former on Twitter for a quick and concise sampling of the sentiments harbored vis-a-vis the latter. However, in the following
interview Barfosky does touch on some points which in the context of the recent
Liborgate, should be brought front and center, especially since the
increasingly apathetic US audience seems to not care about one bit (as opposed
to their distant cousins across the Atlantic for whom Lieborgate has become a
daily distraction). Namely, what Barofsky says is that Geithner and other
regulators who allowed Lieborgate to proceed should not only lose their job but we should " see [Geithner] in handcuffs ." Sadly that will never happen as it would actually be a deterrent to future crime among the highest
echelons of America: something which is just not allowed to happen in a system
whose very survival is increasingly reliant on rampant criminality. {
Unfortunately, this is true and documented early on from my direct experience: The unfortunate reality is what I’ve alluded to in the context of my own
direct experience; viz., america’s ‘legal system’ is an illegal system used to
cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and
essentially run by the inmates of this collective criminal entity called
america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm } EuRo FaRMViLLe Posted by: williambanzai7 Load your EURO
Bullshit... Hopium Floats: The Draghi
Effect Posted by: Burkhardt The 200 Pip move was purely based on speculation or a hope that Draghi’s
statement would render the same affect as the Calvary riding in to save the
day. That’s just not how these things work. Draghi...
http://albertpeia.com/attackonchickfilaattacksfreespeech.htm
{ My own feeling on the subject is live and let live, but
that the state has no place in getting ‘behind’ this contraindicated behavior.
Look at the subject cities rallying in the name of ‘cornholin’ (For the gay
vote? How totally pathetic!). Without exception, they are literally domestic war
zones, in decay, decline, and heading as the nation toward fiscal ruin,
defacto/outright bankruptcy. They really should be concentrating on things that
really matter before foolishly attacking freedom of speech. Previously: EVOLUTION: OBAMA NOW BACKS GAY MARRIAGE… [
Well, with some
frolicking documented cocaine/gay sex romping in his past, he’d be hard pressed
not to. Interestingly, Clit Eastwood has come out in favor of gay marriage
saying he doesn’t give a f**k… good for you Clit; spoken like a true
egalitarian. Truth be told, I always liked those spagetti westerns that put him
on the map; his own ‘Pale Rider’, particularly; and of course, the ‘Dirty
Harry’ series. Aside from that, I find him/his films boring, shallow, and
plebian beyond tears; hardly the philosopher king. Yet, I also don’t give a
f**k regarding gays living their lives as they wish, with full constitutional
protections consistent with their presumed law-abiding lives, particularly in a
world like this, such as it is. But, that doesn’t mean the ‘state’ must get
behind (no pun intended) same. There are few if any legal statuses that can’t
be achieved through legal document, ie., adoptions, trust beneficiaries, etc..
Marriage, procreation, the province of a man/woman relationship has always been
a given. Also interesting was the take on same by reknown Psychiatrist Maslow
(his famed, laudable work regarding hierarchy of needs, etc., needs no
introduction) who wrote and posited that homosexuality was physically,
anatomically contraindicated. Again, let me reiterate a live, let live position
while cautioning against the state getting behind (again, no pun) same and
potentially giving young, pubescent, impressionable boys the idea that penises
were made for male a**holes and not female vaginas . ] ...
OBAMA ADMITS FABRICATING GIRLFRIEND IN MEMOIR {
Latent gay man obama - ... Barack Obama: The Naked
Emperor Shocking but true revelations from David Icke| ..Obama is just
more of the same, a big smile with strings attached, and controlled completely
by those that chose him, trained him, sold him and provided his record funding,
kept his many skeletons under wraps, like the gay sex and crack cocaine ..
Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to be with your
Presidential camp, who is alleged to claim that someone claiming to represent
me called asking for $100,000, to keep me from coming forward about our (Obama
and I) November 1999 encounter of sex and cocaine use?), ... Obama is just
another Banksters' moll prostituting himself .., and that's why he supported
the grotesque bail-out of the banking system and why he will always put their
interests before the people. ] http://albertpeia.com/obamadeceptionhighqualityversion.flv }
http://albertpeia.com/newworldordervedgesmockus.htm
{ First, let me say that the vedges of the so-called new
world order are in no real position to mock anyone, so mockable as they indeed
are, as the incompetent vegetables that they in fact are, who have been the
very architects of ultimately their own and the planet’s decline, fall, and
demise. Yet, there is no question but that the ‘masses’ so mocked, deserve to
be mocked, having embraced their dismal fate at every turn; viz., their embrace
of ‘political correctness’, though contraindicated, as, ie., the embrace of the
violent, destructive nigger who literally would have them for dinner, or the
compulsion to embrace that which the state says is right, though
contraindicated, for political expedience owing to failure fed (including the
incompetent missteps of the failed fed) desperation, ie., gay marriage, etc.,
contrived wars / conflicts, among other clearly observable, self-interested
behavior of people, companies, nations, including the gargantuan bailed out
frauds on wall street to everyone’s (but the frauds’) detriment, still
unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has
not been held to even one of his former now broken campaign promises and is
embraced by those foolish enough to believe more of the same is testament to
how deserving of mocking the masses truly are (people should be outraged and
wobama should be ‘ridden out on a rail’). Make no mistake; the reality is that
the ‘new world order’/so-called ‘elite’ are not elite at all; but rather,
incompetent vegetables who can’t do anything right as they’ve now proven time
and time again. As I previously said: The Elite Believe That You Are
Ruining Their Planet And They Want You To Stop Reproducing { First and foremost clarification: There are no elite on
this planet. The grim reality for this planet is a dominant species descended
from initially notochords, primitive chordates, and relatively more recently
primitive apes. http://albertpeia.com/anthroindex1.htm , for a brief
but sorrowful history of man. }
http://albertpeia.com/planetalreadyruined.htm }
7-25-12 100 Million Poor People In
America And 39 Other Facts About Poverty That Will Blow Your Mind http://albertpeia.com/100millionpovertystrickenamericans.htm , Down Goes Britain: The UK
Economy Tumbles Deep Into Recession http://albertpeia.com/downgoesbritain.htm , Europe Can and Will Cause a
Systemic Collapse… Are You Ready? http://albertpeia.com/europecanandwillcausesystemiccollapse.htm , Dave’s
Daily: http://www.etfdigest.com SANDY FALLS ON GOLD PLATED SWORD
7-25-12 { Sandy who? Aw geeh … I thought Dave was talking about that other
sandy (sandusky of jo pa’s p.s. fame,
they worshipped together) who cornholed quite a few himself! } ‘Now that the architect behind the repeal of
Glass-Steagall has made off with his hundreds of millions he comes clean and
says the entire episode was a mistake { Riiiiight! In the immortal words of
Maxwell Smart, ‘’missed it by that much’ }. The banks should be broken-up he
states in his CNBC interview . You may have read Weill is the one who sold his Manhattan penthouse for
nearly $90 million and has other expensive assets on the market. As the man
behind the curtain who lobbied Clinton, Rubin, Greenspan, Gramm, Dodd and
others to okay his merging Travelers/Smith-Barney with Citigroup, he now says
it was a mistake. He liked it when his group could trade publicly insured
deposits. What nerve! "Anybody who says that is off their
mind. I think the model really works."
What Sandy Weill stated to Maria Bartiromo on “the end of
bigger is better” in 2007. (The model worked for him, eh?) New Home Sales
disappointed and fell 8.9% (350K vs 370K expected & prior 369K) which was
the only U.S. economic news underscoring that the housing market hasn’t
bottomed. The prices for new homes were down 3.2% from a year ago.In overseas
news the euro rallied as the ECB’s Nowotny suggested they could leverage the
bailout funds. Greek leader Samaras met with the troika finally although he
doesn’t have the backing of his coalition yet. Euro shorts were squeezed even
as most dismissed this idea as unlikely. German (EWG) shares rose higher on
better earnings from Daimler (DAI) although German Business Climate Survey fell
to 103.3 vs 105.4. More significantly, UK GDP data came in unexpectedly weaker
dropping to -.7% as their recession deepens.
http://albertpeia.com/ukrecessiondeepens.jpg The DJIA was higher early led
by strong gains in index heavyweight Caterpillar (CAT) on higher earnings ($2.54
vs $2.28 expected) and a more positive outlook for the company’s construction
equipment and overseas mining. Boeing (BA) also delivered positive results but
most of its activities were reasonably well known. With CAT’s heavy weighting
the DJIA was able to rally modestly Wednesday. Meanwhile Apple’s (AAPL)
surprising miss held back technology while gains in the semiconductor sector (SOXX) allowed
tech to rally modestly. Meanwhile the
dollar fell (UUP) as an ECB official (Nowotny) suggested that bailouts could be
leveraged which caused a short
squeeze in the euro (FXE). But, most pundits didn’t think leveraging would be
possible given current political views within the EU. Besides, the German court
hasn’t even ruled whether bailouts were constitutional. Gold (GLD) rallied once
again resuming its uncorrelated relationship with the dollar. Other commodities
(DBC) rallied with the weaker dollar as well. Bonds (IEF) were modestly weaker.
Volume was quite light as stocks rallied tentatively and breadth per the WSJ
was positive reducing some oversold conditions...’ , Guest Post: You Didn’t Build
That
{ http://albertpeia.com/americasnumberonespook.htm } ZeroHedge.com Tyler
Durden , Kyle Bass Vindication
Imminent? Largest Japanese Pension Fund Begins To Sell JGBs ‘…the Ponzi has reached it's
Tipping Point. Japan’s population is aging, and baby boomers born in the wake
of World War II are beginning to reach 65 and eligible for pensions. That’s
putting GPIF under pressure to sell JGBs so it can cover the increase in
payouts. The fund needs to raise about 8.87 trillion
yen this fiscal year …’ , Guest Post: Major Sell Signal
Triggered
, Deep Fried Black Swan Goes
Global As Drought Spreads From US To Asia, And Now To Southern Europe , Ron Paul's 'Audit-The-Fed'
Swan Song Passes House, Unlikely To Pass Senate , Charting The High-Beta Horror Of
Hedge Funds
, Barclays' Disgraced COO Gets
Ł8.75 Million Golden Parachute Instead Of Jail Time , Egan Jones Triple Hooks Italy:
Boots The Boot To CCC+ From B+, Watch Negative , Five Year Bond Auction Comes
Weak Despite Fresh Record Low Yield , Stephen Roach Smokes
Crack-Addicted Market "QE3 Is Not Going To Work" Is it any wonder that Stephen
Roach is now ex-Morgan Stanley? Today's brilliant truthiness in his interview
on Bloomberg TV is an absolute must-watch as the veteran market practitioner notes that the Fed is forced to act
next week and while consumers are telling you that they want to pay down debt -
which all the monetray stimulus in the world is not going to change - that QE
is nothing but crack to a ridiculously addicted market. With 70% of the US
economy in a balance sheet recession, the Fed knows this (which he notes is now
run by WSJ's Jon Hilsenrath since what he prints must be adhered to by Ben for
fear of market disappointment) and is "dangling
QE in front of the markets like raw meat - but it has not worked and it will
not work!" But critically, he believes, the
euphoric response of markets will be tempered since they have become "used to the fact that all of this unconventional monetary easing by
the central bank is just not what it is supposed to be." , Guest Post: Global Crisis -
The Convergence Of Marx, Orwell And Kafka , RBS Says To Expect A Spanish
Sovereign Bailout Request "Within Days" , Gary Gensler Explains How CFTC
Allowed PFG To Steal $200 MM In Client Funds 8 Months After MF Global , New Home Sales Miss By Most In
20 Months
, Since 2012 Is 2011, What Comes
Next Is Not Pretty... Since January we have been pounding the
table that 2012 is nothing but a carbon copy of 2011. Whether this is due to
the limited imagination of the central planners, or a quota on the number of
pages in the market's script, we don't know. What we do know is that since now
everyone acknowledges that the two years have been fused into one, we suggest
readers take a double dose of Dramamine ahead of what comes next, which can be
easily seen courtesy of the following chart from SocGen's Albert Edwards. Submitted by Tyler Durden
UPDATE: ZNGA is down 40% now, trading with a $2 handle
They
said it could never happen. They said it was social, mobile, everything...
Well, oops... It seems the drought conditions around the world have hit the
virtual farms too. Let it 'Virtual Rain'
*ZYNGA 2Q REV.
$322.5M, EST.
$343.1M
*ZYNGA 2Q ADJ.
EPS 1C, EST.
6C
*ZNGA SEES YR
EPS ADJ 4C-9C, SAW 23C-29C, EST. 27C
and
with that 33% of market cap is wiped away... and the derivative play - Facebook
is down 7% after-hours and EURUSD is dipping as all that virtual cash is
vaporized (yes seriously EURUSD is dropping!). We assume that very soon,
congressmen around the country will be calling for a government intervention as
the hand-of-god impacts these poor virtual farmers. FYI - Margin Stanley
is the largest ZNGA holder at 13.84% .
Anglo Irish Bank’s ex-CEO
arrested for fraud
USA Today | Fraud detectives arrested the former chief executive
of Anglo Irish Bank and charged him over a conspiracy to hide colossal losses.
100 Million Poor People In
America And 39 Other Facts About Poverty That Will Blow Your Mind
The
Economic Collapse | Every single day more Americans fall into poverty.
Federal Government’s Debt
Jumps More Than $1T for 5th Straight Fiscal Year
CNS News | The new debt accumulated in this fiscal year by the
federal government had already exceeded $1 trillion.
ECONOMISTS: ‘Europe Is
Sleepwalking Toward A Disaster Of Incalculable Proportions’
Reuters
| Among their recommendations, the economists called for an early partial
mutualisation of the region’s debt.
CBO to employers: Obamacare
has $4B more in taxes than expected
Washington
Examiner | Business owners will pay $4 billion more in taxes under President
Obama’s Affordable Care Act (ACA) than the Congressional Budget Office had
previously expected.
Biderman: “The Most Damage Is
Caused By Those Who Are Not As Smart As They Think They Are”
Zero
Hedge | It is not often we double-dip in the Sausalitan’s soliloquies but
tonight’s glorious truthiness from Charles Biderman, CEO of TrimTabs, is worth
the price of admission.
Fed “Independence” Is a Scam …
And No Reason to Prevent a Full Audit
Washington’s
Blog | Independent from Congress … or from the American People?
7-24-12 Dave’s Daily: http://www.etfdigest.com
‘MARKETS REMAIN UNDER PRESSURE 7-24-12 Markets took a pounding
again Tuesday and are probably getting oversold {not if reality has anything to
do with pricing-AP}. Once again we saw a late day “ stick save ” to halve the day’s decline in the
DJIA. The overall negative mood features overall poor earnings and economic
data. The eurozone debt issues continue to haunt global stock markets. Moody’s
cutting the outlook for Germany and the Netherlands to negative was a shock to
both countries. The Greek government has refused to meet with their troika
masters regarding their commitment to reform and austerity. Midday there was a
report the Greeks needed to restructure their debts as if that were news. The
Germans have stated they will not compromise on previous Greek commitments.
That’s where we stand currently. Flash PMI came in weaker than expected (51.8
vs 52.6 expected & prior 52.9) and the Richmond Fed Manufacturing Index
fell sharply (-17 vs .0 expected & prior -3) as both act as a precursor to
more weakness. More positive news came from the Home Price Index which rose
(.8% vs .3% expected & prior .7%). The catalyst for a reversal in sentiment
could very well come from Apple (AAPL) which had seen a large volume of call
options being bought before earnings. Earnings were reported after the close
for Broadcom (BRCM) and the stock rallied 6% while Netflix (NFLX) dropped 13%.
Apple (AAPL) misses with revenues of $35 billion vs $37 billion expected and
earnings $9.32 vs $10.35 expected. Margins were lighter at 42.8% vs 43.8
expected. The stock is down roughly 6% or $30 initially. The dollar (UUP)
rallied as did bonds (IEF). Gold (GLD) prices were slightly higher but given
the debt and forex chaos it may decouple from historical gold/dollar trends.
Grain (JJG) prices came back to earth helped by some rains (perhaps too late)
and overbought conditions. Oil (USO) prices were on the flat side while natural
gas prices (UNG) continued to rally. The Fed’s oracle, WSJ reporter John Hilsenrath , stated in a late-breaking story that the Fed was getting ready to act
which was the rumor driving stocks higher toward the close. Stocks were
universally lower led by small caps (IWM) and just about everything else
frankly. Volume was much higher on selling while breadth per the WSJ was once
again negative. We’re short-term oversold…’
, What In The World Is Wrong
With American Kids?
http://albertpeia.com/nothingthatsaneradultscantcure.htm , Biderman Goes All-In Bearish ZeroHedge.com Tyler Durden ‘… Shifting to 100% bearish … he sees at least a 20% drop from April highs
followed by potentially worse as the realization of the fiscal cliff begins.
The glass-half-full-of-truth Biderman notes four specific reasons for his
bearish call: from wage and salary growth slowing to barely positive YoY, to
the Fed's inability to create any multiplier effect to boost the economy; and
from the slowing global economy where "low tides
will uncover all the hidden garbage created by booms" to the basic supply/demand of stock and money based on his 'Demand' index
dropping to six-month lows. His bearish view is not even predicated on Europe's
conflagration accelerating which would simply add more fuel to the growing
fire.’ , David Stockman: "The
Capital Markets Are Simply A Branch Casino Of The Central Bank" "This market isn't real. The two percent on
the ten-year, the ninety basis points on the five-year, thirty basis points on
a one-year – those are medicated, pegged rates created by the Fed and which
fast-money traders trade against as long as they are confident the Fed can keep
the whole market rigged. Nobody in their right mind wants to own the ten-year
bond at a two percent interest rate. But they're doing it because they can
borrow overnight money for free, ten basis points, put it on repo, collect 190
basis points a spread, and laugh all the way to the bank. And they will keep
laughing all the way to the bank on Wall Street until they lose confidence in
the Fed's ability to keep the yield curve pegged where it is today. If the bond
ever starts falling in price, they unwind the carry trade. Then you get a message, "Do not pass go." Sell your bonds, unwind your overnight debt, your repo positions. And the
system then begins to contract... The Fed has destroyed
the money market. It has destroyed the capital markets. They have something that you can see on the screen called an
"interest rate." That isn't a market price of money or a market price
of five-year debt capital. That is an administered price that the Fed has set
and that every trader watches by the minute to make sure that he's still in a
positive spread. And you can't have capitalism if the
capital markets are dead, if the capital markets are simply a branch office –
branch casino – of the central bank. That's essentially what we have
today." , The Li(e)bor Rigging Scandal
Infographic For Dummies http://albertpeia.com/libor.jpg , Netflix Plunges After Cutting
Q3 Outlook, Sees Q4 Loss , Gold Outperforms But
Hilsenrath-Rally Fails, As VIXophrenic Equities Converge To Bonds YTD Pathetic. A late day surge to test yesterday's
lows and VWAP (which makes some technical sense) was buoyed by positivity from
yet another Hilsenrath 'hint'. The total lack of response in the afternoon as
German and Spanish FinMins tried to jawbone us up was the reality. We do note though that all the 'Hint' managed to do was get us back to
VWAP - which suggests that 'the force is weakening with this one' . , Hilsenrath Once Again With The
3:55 PM Sticksave
{ Bad enough that of itself that failed QE welfare for wall street only
is contraindicated, but this is outright purposeful market manipulation! How
totally pathetic! } Just like last time around when stocks were plunging with
no knight in shining armor in sight, until the Fed's faithful
mouthpiece-cum-scribe Jon Hilsenrath showed up with a report, subsequently
disproven, that more QE is coming minutes before the market close on
July 6 , so today stocks appeared poised for a
precipice until some time after 3 pm it was leaked that none other than
Hilseranth once again appeared, at precisely 3:55 pm, with more of the same.
Ironically, the market only saw the word Hilsenrath in the headline, and
ignored the rest. The irony is that this time around the Fed's scribbler said nothing that we did not know, namely that the
Fed can do something in August, or it may do something in September, or it may
do nothing, none of which is actually news.
, GM Stock Slides To Fresh
Post-Bankruptcy Lows
, On Gold And The US Debt Trap? As with much of the euro area,
the US is in a debt trap. All the politicking in DC does not
change this economic fact . The federal debt is
going to be devalued. Yet even now, amid a new economic slowdown, US consumer
price inflation is set to remain positive following a large spike in global
food prices. Few things damage economic confidence more than food price
inflation. Combined with the escalating financial crises in the euro area and
also now in US municipals, the global slowdown already underway is likely to
accelerate, leading to a further deterioration of sovereign finances. The debt
trap is deepening, with ominous consequences for monetary and price inflation.
The dollar and most currencies remain severely overvalued; gold and most
commodities, undervalued. Those not in a position to vote themselves pay rises
should consider buying some gold instead. Diluting dollars are not a store of value. Gold is. , Europe Smashes All Market
Records On Its Way To Total Insolvency , Santelli Rants: "Ditch
The Duct Tape; The Problem Is Insolvency" Tony Blair: Don’t Hang Bankers Posted by : George Washington Post date: 07/24/2012 – { Oui; mais, au contraire … a la quillotine avec ils! } Why Is Everyone Suddenly Talking about Hanging Bankers?
Reinventing Crony Capitalism Posted by: ilene Post date: 07/24/2012 - The three "de's:" deregulation, desupervision, and
de facto decriminalization.
The disaster of young people
in Spain Posted by: thetrader Post date: 07/24/2012 - Lost generation of Spain.
Guest Post: Before You
"Buy the Dip," Look at These Two Charts The first is a long-term chart of
the Dow Jones Industrial Average (DJIA). The recent price history has traced
out a pattern that looks remarkably similar to the one that presaged the crash
of 2008, with one difference: massive quantitative easing and Eurozone bailouts
pushed the B leg into an overextension. If this pattern is valid, the C leg
down could be a real doozy. , Richmond Fed Faceplants At
-17, Expectations Of Rise To -1; Worst Since April 2009 , Richmond Fed Faceplants At
-17, Expectations Of Rise To -1; Worst Since April 2009 And another epic miss in the slow
motion trainwreck that is the US plowhorse economy now to its neck in
quicksand. The latest B-grade economic indicator: the Richmond Fed, which was
expected to rise modestly from -3 to -1. Instead it faceplanted to -17, the
biggest miss since August 2010 and the lowest print since Apirl 2009. But at
least US housing has bottomed. Just kidding. At this point there should be no
doubt that the US economy is in freefall - and the only recourse we have is the
definition of madness: more QE which everyone by now knows will do nothing but
provide a brief sugar high, and spike inflation and stock prices, only for
everything to implode demanding even more QEasing from the Chairsatan, and on,
and on, until in the endgame, the USD finally loses credibility. Of course, if
this horrifyingly bad economic print does not send stocks soaring, we don't
know what will. , Charting America's Ever
Shrinking "Revisionist" Economy , Dominoes Tumbling: Catalonia
Informally Requests Bailout As Spain Considering Credit Line Request , Six Reasons Why Spain Will Be
Forced To Request A Sovereign Bailout Apple Falls UPDATE: AAPL -6.25% AH Major
misses everywhere, and this for the second quarter in a row - from the Q3 earnings report :
APPLE 3Q REV.
$35.02B, EST. $37.25B
APPLE 3Q EPS
$9.32, EXP. $10.37
APPLE 3Q NET
PROFIT $8.8B
APPLE SEES 4Q
REV. ABOUT $34B, EST. $38.01B
AAPLE 3Q GROSS
MARGIN 42.8%, EST. 43.8%
APPLE SOLD 17.0
MILLION IPADS DURING QTR, UNIT EST. 15.4M
APPLE 3Q IPOD
UNITS SOLD 6.8MLN , DOWN 10%
APPLE SOLD 4.0
MILLION MACS DURING QTR, UNIT EST. 4.3M
APPLE SOLD 6.8
MILLION IPODS IN QTR, UNIT EST. 6.6M
Lieborgate: Here Come The
Arrests
Zero
Hedge | For over four years, virtually everyone in the finance industry knew
that Libor was manipulated.
http://albertpeia.com/lieborgatearrests.htm
July 23, 2012 By gpc1981 http://albertpeia.com/europesystemiccollapse.htm
‘… We are Phoenix Capital Research.With that in mind, it’s
clear now that the world is entering a period of wealth destruction. Europe is
in the midst of a sovereign debt crisis. History tells us that this will entail
more than one sovereign nation going belly-up. Indeed, I believe that we’ll see
ALL of the PIIGS as well as France stage sovereign defaults in the coming
months.
After that will come Japan, then finally
the US. By the time the smoke clears, we will have seen systemic collapse.
This will mean:
1) Many major banks
disappearing, as well as numerous potentially lengthy bank holidays (think
Argentina in 2001)
2) Multiple sovereign defaults
as well as broad economic contractions and their commensurate unemployment/
civil unrest/ erasure of retirement accounts/ pensions (this process has
already begun in some US municipals, e.g. San Bernandino and Stockton
California as well as Harrisburg Pennsylvania).
3) Possibly new currencies
being introduced or new denominations of currencies (say one new unit being
worth 1,000 of the old one)
4) Massive wealth destruction
to the tune of tens of trillions of Dollars (think MF Global i.e. the money is gone … only systemically… in fact we just had another such
instance with PF)
5) A global contraction that
will result in new political/ power structures being implemented as well as the
breakup of various countries/ unions.
6) Very serious trade wars to
begin (see Obama’s recent attack on China) and very possibly a real war.
If the above make you frightened, you’re
not alone. As I’ve dug deeper and deeper into the inner workings of the global
financial system over the past months, the information I’ve come across has
only gotten worse. I’ve been holding off writing all of this because up until
roughly April/May it seemed possible that the world might veer towards another outcome.
I no longer view this to be the case. I am
almost certain that what I’ve written above will come to pass. I know that much
of what I’ve written to you in the past could be labeled as “gloom and doom.”
However, I want you to know that I do not use the words “systemic collapse” lightly . Indeed, I wish I wasn’t mentioning them now, but I’d be
doing you a disservice not to bring them up because we’re well on our way
towards it…’
7-20-12 Dave’s Daily: http://www.etfdigest.com THE PROBLEM CHILD RETURNS 7-20-12 ‘Bulls had been yakking in the
financial media that one reason stocks could rally was eurozone issues were
subdued and being resolved. But now they’ve returned like tar balls washing up
on the beach. FridayEuropean policy makers agreed to a bailout of Spanish banks but this received a Bronx Cheer from investors. Prime Minister Rajoy
stated another year of recession was likely and the province of Valencia needs
a rescue (a la U.S. municipalities). Spain’s sovereign debt was downgraded to
CC+ from CCC+ by Egan Jones (gaining more credibility by the day) as ten year
interest rates rose to an unmanageable 7.27%. Italian credits and markets
weren’t far behind in the declines with stocks falling over 5.80% in Spain and
4.40% in Italy. Flight to safety saw investors rushing to negative yields in
German, Swiss and other higher quality bonds.As with citizens in other troubled
eurozone countries they’re not willing to accept austerity and have taken to
the streets. Italian Prime Minister Monti referred to these protests as
increasing Italy’s borrowing costs and adding to the contagion. As to Greece,
well there’s nothing to say since they’ve done zip to abide by their
commitments.Associated to this mess is news the senior economist at the IMF quit accusing senior leaders of
suppressing negative news and forecasts regarding the eurozone saying they had
a “pro-European” bias. This is hardly surprising. China stated last night that
it will not ease up on property speculation meaning less stimulus than many had
hoped.All of this isn’t lost on investors in the U.S. either. Stocks took a
beating but still may allow for a headline “beat” for the week. (That kind of
stuff sells soap.) General Electric (GE) always hard to define as a company
(conglomerate?) reported earnings that missed on revenue but beat estimates by
a penny. But, you have to wade through a lot of adjustments to get to the
number the street likes.Lazard Capital Markets commentator Art Hogan stated:
“For the earnings season, expectations had been set low enough across the board
for earnings beats… but we’re not seeing revenue growth in most cases and
guidance has been lackluster. Economic data has been ignored.” That sums it up
for me.The dollar (UUP) advanced naturally on the “risk off” Friday while bonds
(IEF or better known now as “mattress money”) saw prices rise. Gold (GLD)
struggling over recent weeks gained slightly on the day. Commodity markets
(DBC, JJC and USO) saw serious profit-taking on the dollar’s advance and some
thinking (where have they been?) that global economic contraction would
negatively affect demand.There weren’t many leading sectors beyond internet
(FDN) Friday while the previous “tell” of trouble was the ongoing weakness in
financial and bank sectors (XLF) & (KBE).Volume was still on the light side
while breadth per the WSJ was negative. (I did hear some private jets flying in
meaning those that could get away did.)…’
, The Price Of Corn Hits A
Record High As A Global Food Crisis Looms http://albertpeia.com/globalfoodcrisis.htm , Scandal At The IMF: Senior
Economist Resigns, Says "Ashamed To Have Had Any Association With Fund At
All"
ZeroHedge.com Tyler Durden The rats everywhere are now jumping
furiously off the titanic, but few had taken the time to write a letter
explaining in detail just how cracked and broken the hull really was. This has
now changed, with the departure of Peter Doyle, formerly a division chief in
the IMF’s European Department responsible for non-crisis countries and
currently an adviser to the Fund. Not content with quietly slinking off the
scandal ridden organization which has become the butt of all jokes in the
international community, where humor about Lagarde's Louis Vuitton panhandling
bag is as pervasive as punchlines about just how incompetent the organization
is at actually doing its duty, Doyle has penned the following scathing letter
which tears down every myth about the IMF: from its impartiality, to the
selection process of its head, to its effectiveness. The letter also contains
the following gem: "After twenty years of
service, I am ashamed to have had any association with the Fund at all. " Pretty much says it all. This is a scandal in the making, and one
which may shake to the core the credibility of the IMF in the context of
international organization. , Guest Post: Falling Interest
Rates Destroy Capital Falling interest rates
are a feature of our current monetary regime , so central that any look at a graph of 10-year Treasury yields shows
that it is a ratchet (and a racket, but that is a topic for another
day!). There are corrections, but over 31 years the rate of interest has
been falling too steadily and for too long to be the product of random
chance. It is a salient, if not the central fact, of life in the
irredeemable US dollar system. Irving Fisher, writing about falling prices (I
shall address the connection between falling prices and falling interest rates
in a forthcoming paper) proposed a paradox: “The more the debtors pay, the more they owe.” Debtors slowly pay down their debts and reduce the principle owed.
This would reduce the NPV of their debts in a normal environment. But in
a falling-interest-rate environment, the NPV of outstanding debt is rising due
to the falling interest rate at a pace much faster than it is falling due to
debtors’ payments. The debtors are on a
treadmill and they are going backwards at an accelerating rate. How apropos is Fisher’s eloquent sentence summarizing the problem! , Guest Post: Spontaneous Order
And The Jersey Shore ‘…The Jersey Shore drownings,
tragic as they are, should serve as a lesson all beach visitors. Common sense isn’t something to be legislated. It can only form when the right incentives are involved for people
to make smart decisions without relying on a central source of authority.
And just like the free market, common sense is also a product of spontaneous
order.’ , Financials FUBAR As
S&P/NASDAAPL Close Unch For The Month , Weekly Bull/Bear Recap It has been a tempestuous week
where good is bad, worse is better, but European news is to be sold. , Peak Complacency And Peak
Leverage
, The Hedge Fund Trail In
Liborgate Gets Hotter: Mega Fund Brevan Howard Next? , Analysts' Revenue Estimates
Signaling A Recession? , Europe Ends In A Sea Of Red The Weaponization of Economic
Theory Posted by : ilene Post date: 07/20/2012 So the end stage of neoliberalism threatens a Dark Age of
poverty/immiseration – most characteristically, one of debt peonage. ~ Michael
Hudson
“Southern Europe Does Almost
Nothing—Except Complain” Posted by: testosteronepit Post date: 07/20/2012 Bulgaria speaks up in
the euro fiasco. A balanced budget, growth, and an income tax rate of 10%?
Spanish Stocks Plunge Most In
12 Months As Egan-Jones Cuts Spain To CCC+ , US Banks Battered On Spain's
Bailout Approval , EURUSD Free-Falling , Seven Sigma Rally In LQD: Be
Careful Where You Reach For Yield
With 'safe-haven' yields at extreme lows (and negative in some cases),
there is sense in 'reaching for yield' but - obviously - any increase in yield
implies an increase in risk (and just because it is called a 'bond' doesn't
mean its safer than an 'equity'). By way of example, moving to investment grade
credit is the 'strategy du jour' of many asset allocators - "a little more
yield and it's still IG after all." However, while this is a decent safety
strategy overall - in a diversified and actively managed credit book, falling
for the easy route of buying the liquid IG bond ETF LQD may run some into
problems - no matter how much its 'price' tracks Treasuries. The last month has
seen LQD experience a 7-sigma rally and it stands at multi-month rich levels to
its intrinsic value (which implicitly places technical bids in the cash
market). What worries us the most about LQD specifically is, we suspect retail
investors who are piling in are unaware of the exposures within the portfolio
of bonds. LQD is 24.3% weighted in financials - the very same
Libor-rigging, beached-whale, NIM-compressing financials that are anything but
'risk-free'. As a reminder, an old adage from credit portfolio
management, "the loss from losers far exceeds the gains from
winners" and at these levels of price (and therefore yield) there
is a lot of convexity in that risk-reward. Understanding the credit risk you
are taking is key.
Submitted by Tyler Durden
Gunman kills 14
in Denver shooting at "Batman" movie ( Reuters )
Full retard
meets Math for Retards: Spain Insists $15 Billion Aid Need for Regions Won’t
Swell Debt ( Bloomberg )
World braced
for new food crisis ( FT )
Banks in Libor
probe consider group settlement ( Reuters )
U.S. banks
haunted by mortgage demons that won't go away ( Reuters )
Ireland
Bulldozes Ghost Estate in Life After Real Estate Bubble ( Bloomberg )
China will not
relax property control policies ( China Daily )
Russia, China
veto U.N. Security Council resolution on Syria ( Reuters )
Kim to reform
North Korean economy after purge ( Reuters )
7-19-12 12 Signs That The Next
Recession In The United States Has Already Begun http://albertpeia.com/12signsusrecessionhasbegun.htm , 20 Signs That All Point To The
Exact Same Thing - Can You Guess What That Is? http://albertpeia.com/20signspointtoeconomiccrisiscollapse.htm ‘The U.S. economy is in a massive
amount of trouble. There aren't enough jobs. There isn't enough
money to go around. Business activity is slowing down again.
Household wealth has been falling. Food prices have been rising.
Many state and local governments all over the country are flat broke and are
drowning in debt. The federal government has been rolling up unprecedented amounts of debt in an attempt to keep things going, but everyone knows that kind of
borrowing is simply unsustainable. So where do we go from here? We
consume far more than we produce and we use debt to make up the
difference. 40 years ago the total amount of debt in America (government,
business and consumer) was less than 2 trillion dollars . Today it is nearly 55 trillion dollars . How in the world did we let the total amount of debt in the United
States grow more than 27 times larger over the past 40 years? Our
economic system is fundamentally broken, but most Americans don't realize it
yet…’ , Dave’s
Daily: http://www.etfdigest.com BAD DATA IGNORED
IN FAVOR OF TECH 7-19-12 { Tech? Palease, don’t make me laugh! This
‘bad news is good’ scenario based upon hopes for contraindicated, egregiously
failed QE for the benefit of the frauds on wall street only to the detriment of
everyone else with such hopium rallying stocks has gone beyond the point of
ridiculous. It’s really rather pathetic, these so-called wall street
mavens/titans of capitalism, the largest of which remain unprosecuted for their
huge, lucrative, debilitating frauds wanting/expecting even more on the public
dole. They’ve even gotten to the point where their computers are selling to
themselves for the ‘churn and earn’ along with the algo-driven contraindicated
moves up. The markets are totally cooked! Dave as always is spot-on the case! } ‘There’s plenty of bad economic data to
motivate QE3 fans. Jobless Claims rose (386K vs 365 expected & prior
revised higher to 352K). The least noticed in the report is 86K were dropped
from benefits as their 99 week period expired. Existing Home Sales disappointed
(4.37M vs 4.65M expected & prior 4.55M). Leading Economic Indicators fell
(-.3% vs -.1% expected & prior .3%). Worse yet was the Philly Fed (-12.9 vs
-.8 expected & prior -16.6). Taken together this gives the bad news bulls
something to cheer. Below is a chart courtesy of Zero Hedge pointing out the
worst part of the Philly Fed reading—employment sub index. Stock markets are rallying substantially
as investors rotate away from previous winning sectors like REITs (IYR) and
Financials/Banks (XLF & KBE) towards tech (XLK). Once again, there really
has never been a bull market without financials in the mix. The last time we
saw sharp rallies with financials still lagging was in the Great Depression.
IBM was one of the market leaders and investors should remember the DJIA (DIA)
is a “price-weighted” index with big blue being the heaviest weighting at 11%.
In fact the top 5 represent 33% of the entire index and top 10 or the 30 at
55%. This is why those following the index often find results misleading as to
overall market conditions. IBM jumped 3.70% despite lower revenues but better
guidance. Qualcomm (QCOM) up 4% and EBay (EBAY) up 8% added to the enthusiasm
for tech while financials and other sectors were weak. After the close SanDisk
(SNDK), Microsoft (MSFT) and Google (GOOG) all reported earnings that seemed to
please lowered estimates. (That’s the way the game is played folks.) Despite
Bernanke stating yesterday that the eurozone was “a long way away from being
fixed” bulls ignored it for now. After all conditions there are quiet and
negative headlines are scant. Spanish yields soared to a record as the German
parliament voted to approve loans to Spanish banks. The high court in Germany
has still to rule on the constitutionality of bailout mechanisms. Meanwhile
“current” crop conditions have deteriorated enough to make the headlines
perhaps meaning a time to close long ag (DBA & JJG) positions after such a
big move. Nevertheless, better load up on the Corn Flakes while you can.
Commodities (DBC) & (USO) continue their upward march. Oh, and while you’re
getting your Corn Flakes better gas up since prices will be rising.Volume was
once again ultra-light while breadth per the WSJ was positive to mixed…’ , This Is The Government: Your
Legal Right To Redeem Your Money Market Account Has Been Denied - The Sequel ZeroHedge.com Tyler Durden Two years ago, in January 2010, Zero Hedge wrote "This Is The Government: Your
Legal Right To Redeem Your Money Market Account Has Been Denied " which became one of our most read stories of the year. The reason?
Perhaps something to do with an implicit attempt at capital controls by the
government on one of the primary forms of cash aggregation available: $2.7
trillion in US money market funds. The proximal catalyst back then were new proposed
regulations seeking to pull one of these three core pillars (these being no volatility , instantaneous
liquidity , and redeemability ) from the foundation of the entire money market industry, by changing the primary
assumptions of the key Money Market Rule 2a-7 . A key proposal would give money market fund managers the option to
" suspend redemptions to allow for the
orderly liquidation of fund assets. " , Guest Post: Where Is The Line
For Revolution?
The subject of revolution is a touchy one. It’s not a word that
should be thrown around lightly, and when it is uttered at all, it elicits a
chaotic jumble of opinions and debates from know-it-alls the world over. The “R” word has been persona non grata for quite some time in America,
and until recently, was met with jeers and knee-jerk belligerence. However, let’s face it; today, the idea is not so far fetched.
We have a global banking system that is feeding like a tapeworm in the stagnant
guts of our economy. We suffer an election system so fraudulent BOTH
sides of the political spectrum now represent a hyper-rich minority while the
rest of us are simply expected to play along and enjoy the illusion of
choice. We have a judicial body that has gone out of its way to whittle
down our civil liberties and to marginalize our Constitution as some kind of
“outdated relic”. We have an executive branch that issues special orders
like monarchical edicts every month, each new order even more invasive and
oppressive than the last. And, we have an establishment system that now
believes it has the right to surveil the citizenry en masse and on the
slightest whim without any consideration for 4th Amendment protections. Unless tomorrow brings a miraculous shift in current totalitarian trends,
revolution may be all we have left...
, Deja Food: Will Social Unrest
Surge As Corn Prices Soar? , Guest Post: Market-Top
Economics
Market-top economics could be an entire university course, if people
cared enough about such phenomena. Most only consider the signs of a
market top months or years after a crash when some unyielding economics
researcher puts the pieces together. As human-beings we have developed an uncanny ability to rationalize what
we know to be bad news and convince ourselves, "This time is
different," despite the fact that it usually never is . In a previous article we provided analysis on economic/equity decoupling (cognitive dissonance)
and showed that the economy as we know it cannot persist--we are either due for
a literal gap-up in leading economic conditions, or we are due for a serious
correction in US equities. With today's 5.4% slip in existing home-sales,
let's go with the latter. , Ray Dalio's Bridgewater On The
"Self Re-Inforcing Global Decline" , Guest Post: Corporate Profits
Surge At Expense Of Workers For investors, the continued increases in
profitability, at the expense of wages, is very finite. It is revenue that matters in the long term - without subsequent
increases at the top line; bottom line profitability is severely at risk. The stock market is not cheap, especially in an environment where
interest rates are artificially suppressed and earnings are inflated due to "accounting magic." This increases
the risk of a significant market correction particularly with a market driven
by "hopes" of further central bank interventions. This reeks of
a risky environment, which can remain irrational longer than expected, that
will eventually revert when expectations and reality collide. , The Philly Fed Just Signaled
The End Of Obama's 'Jobs' Recovery? Hidden under the covers of this morning's
already dismal headline print in the Philly Fed data was a considerably worse
than expected employment sub-index. Historically this has correlated highly
with the non-farm payroll print and suggests (albeit correlation is not
causation but gathering real evidence of a slowdown is) that we are heading for a negative print in the next employment report . , Guest Post: We've Decoupled,
Alright - From Reality In the U.S. economy, the driplines are
debt-based spending and leverage. Thanks to endless intervention and
manipulation, the economy is now totally dependent on massive debt-based
spending and increased leverage for its "growth." The person or
business that becomes dependent on welfare loses resiliency and
resourcefulness. To the degree that economies become dependent on debt and
leverage just like individuals and companies become dependent on welfare,
entire economies lose their resilience and resourcefulness… , What Housing Recovery?
Existing Home Sales Miss By Most In 2 Years , Another Double Digit Negative
Philly Fed Print Means Fourth Miss In A Row , The Stunning Political Reality
Of The Fiscal Cliff Debate , Goldman Adjusts Q2 GDP (Down)
... Again
Morning Snapshot
Jul 19th, 2012 by News (USAGOLD) — Gold is well bid today,
underpinned by heightened Mideast tensions and a corresponding rise in oil
prices. Additionally, another round of disappointing US economic data has once
again revived hopes of additional Fed measures to support the languishing
economy. Nonetheless, the yellow metal continues to struggle ahead of
$1600.Initial jobless claims, existing home sales, LEI and the Philly Fed index
all missed expectations, prompting at least Goldman Sachs (but likely others)
to revise their GDP forecast lower once again. Amid continued Fed opaqueness on
the prospect of QE3, even the slightest hint of a weaker economy reinvigorates
the QE3 crowd; essentially turning a negative into a positive, in the sense
that bad data can cause stocks to rise as expectations of Fed action is
heightened. Today’s data where significantly more than a ‘slight hint’…Probes
above the 20- and 50-day moving averages this week are somewhat encouraging to
the technical picture, but a convincing move back above $1600 is likely needed
to prompt short-covering. More significant resistance is marked by the
early-July highs at 1623.54/1624.64, which corresponds closely with the 100-day
moving average.
• US
Philly Fed index improved to -12.9 in Jul, but was below expectations of -8.0,
vs -16.6 in Jun.
7-18-12 Dave’s
Daily: http://www.etfdigest.com DON’T FIGHT THE
TAPE 7-18-12 ‘Search as one might for bullish news, there was little to be
found from a normal perspective. Intel (INTC) delivers a poor report and
outlook but the market rallies sharply. In fact, Intel is one of the largest
gaining stocks in the DJIA Wednesday. It’s not a good idea to argue with the
tape but the rationale for the
rally is amusing naturally. Bank of America
(BAC) reported earnings that beat while tech (XLK) continued to dominate with
positive reports from VMWare (VMW) and EMC Corp (EMC). Bernanke’s last day of
testimony offered few hints of more QE stating frankly the Fed’s balance sheet
is limited but has “some” room. Most striking to me were his comments regarding
the eurozone which were quite bearish to me: “The eurozone has not come close
to a solution to its problems.” So, it remains “unfixed” but this item didn’t
bother bulls either on Wednesday. We have long equity positions overall so are
pleased by a rally but that won’t stop me from challenging conditions. Frankly,
the elephant in the room remains the fiscal cliff and eurozone. Economic data
from Housing Starts which beat estimates (.760M vs .745M expected & prior
.711M); however New Housing Permits missed (.755M vs.775M expected & prior
.784M) making the number a wash. But the trading algos liked the first number.
Meanwhile the Fed’s Beige Book showed what we already knew—a slowdown is at
hand even as some spun it positively. But, Bernanke testified Wednesday that he
didn’t expect a recession but some might remember back in 2007 he stated
assuredly “subprime was contained”. Stocks in the U.S. rallied because the
momentum players have seized the tape. It’s reported that some are buying the S&P (SPY) for example paired with VIX call
options as a hedge. That’s an interesting strategy. The dollar (UUP) was flat
while commodities (DBC), (USO), (JJG) and (JJC) were stronger particularly
abetted by the ongoing drought. Gold (GLD) remains weak as investors find it
tiresome and seek greater returns. There’s plenty of rotation going on within
sectors as we move abruptly between “risk on/off” sentiment. Wednesday
financials (XLF) & (KBE) and REITs (IYR) were weaker while investors
rotated to tech. Bonds (IEF) were slightly higher. Volume (not shown on your
brokerage statement) remains pathetically light on rallies. Breadth per the WSJ
was positive…’ , 11 International Agreements
That Are Nails In The Coffin Of The Petrodollar http://albertpeia.com/endofpetrodollar.htm , UBS Issues Hyperinflation
Warning For US And UK, Calls It Purely "A Fiscal Phenomenon" ZeroHedge.com Tyler Durden 7-18-12 From UBS:
"We think that a creditor nation is less at risk of hyperinflation than a
debtor nation, as a debtor nation relies not only on the confidence of domestic
creditors, but also of foreign creditors. We therefore think that the hyperinflation risk to global investors is
largest in the US and the UK. The more the fiscal
situation deteriorates and the more central banks debase their currencies, the
higher the risk of a loss of confidence in the future purchasing power of
money. Indicators to watch in order to determine the risk of
hyperinflation therefore pertain to the fiscal situation and monetary policy
stance in high-deficit countries. Note that current government deficits and the
current size of central bank balance sheets are not sufficient to indicate the sustainability of the fiscal or
monetary policy stance and thus, the risk of hyperinflation. The fiscal situation can worsen without affecting the current fiscal
deficit, for example when governments assume
contingent liabilities of the banking system or when the economic outlook
worsens unexpectedly. Similarly, the monetary policy
stance can expand without affecting the size of the central bank balance sheet.
This happens for example when central banks lower
collateral requirements or monetary policy rates, in particular the interest
rate paid on reserves deposited with the central bank. A significant deterioration of the fiscal situation or a significant
expansion of the monetary policy stance in the large-deficit countries could lead us to increase the probability we assign to the risk of
hyperinflation." , Bernanke's Libor Alternatives Libor is not a market determined
interest rate, rather it is a trimmed mean from a survey of banks participating
in a survey conducted on behalf of the British Bankers Association (BBA). There
are a number of problems inherent in the survey-based Libor calculation.
Chairman Bernanke was asked in testimony several
times yesterday whether Libor should be dropped as a benchmark interest rate. His answer was Libor should be repaired or some market
determined interest rate should be embraced as an alternative. He offered up 2
market-determined replacement possibilities for Libor: (1) Repo Rates; and (2)
OIS rates. Both are market determined interest rates, but neither in our minds
captures the essence of what Libor is supposed to measure. Stone & McCarthy's preference for a Libor alternative would simply be
the eurodollar rate. , Guest Post: The Growing
Pressures Likely To Blow The Eurozone Apart , Low Volume Equity Decoupling
Becoming Farcical
, Sicily Is Greece As Italy
Provides EUR400 Million 'Risk-Free' Bailout/Loan , Spain Goes From Bad To Worse , So Much For "Housing Has
Bottomed" - Shadow Housing Inventory Resumes Upward Climb Appropriately coming just after
today's Housing Starts data, which captured MSM headlines will blast was
"the highest since 2008" is the following chart from this morning's
Bloomberg Brief, which shows precisely the reason why "housing has bottomed" - and it has nothing to do
with organic demand rising. No, it has everything with excess inventory once
again starting to pile up, which means that the imbalance in the supply and
demand curves is purely a function of shadow inventory being stocked away, and
that there is once again no true clearing price. , Guest Post: Bad Economic Signs
2012
, Are Big Banks Criminal
Enterprises? Posted by : George Washington Post date: 07/18/2012 - 13:54 Updated Executive Summary / Cheat Sheet ... , City Of Compton Next On The
Muni Bankruptcy Deck
Because once the dominoes start, they don't stop. Stockton, Mammoth, San
Bernardino and now legendary rap and LA riots nexus - the City of Compton. Fear
not: the ESM, and the German population whose retirement age will have to be in
the quadruple digit range to fund a broke world, has got this, too, covered.
Also, only squares don't make fun of Meredith Whitney for saying municipal
America is insolvent, so please do.
, Guest Post: Organized
Financial Crime Is Now The New Normal
Germany Would Leave the Euro…
Well, Germans Are Already Using Deutschemarks Again! http://albertpeia.com/germanywillleaveeuro.htm ,
Why Are So Many Bad Things
Happening To America?
http://albertpeia.com/americacursed.htm
7-17-12 The Federal Reserve Is Not
Going To Save Us From The Great Depression That Is Coming http://albertpeia.com/fedcantwontsaveusfromgreatdepression.htm ‘Federal Reserve Chairman Ben Bernanke
delivered his annual address to Congress on Tuesday, and he did very little to
give lawmakers much confidence about where the U.S. economy is heading.
Bernanke told members of Congress that recent economic data points "suggest further weakness ahead " and that
the Federal Reserve is projecting that the U.S. unemployment rate will remain
at 7 percent or above all the way through the end of 2014. Now, it is
important to keep in mind that Federal Reserve forecasts are almost always way
too optimistic. The actual numbers almost always end up being much worse
than what the Fed says they will be. So if Bernanke is saying that the
U.S. unemployment rate will be 7 percent or higher until the end of 2014, then
what will the real numbers end up looking like? During his testimony,
Bernanke seemed unusually gloomy about the direction of the U.S. economy.
He seemed resigned to the fact that there really isn't that much more that the
Federal Reserve can do…’ , The New Depression: The
Breakdown of the Paper Money Economy Jul 17th, 2012 15:10 by MK by Richard
Duncan“When we broke the link between money and gold, this removed all
constraints on credit creation. This explosion of credit created the world we
live in, but it now seems that credit cannot expand any further because the
private {and importantly, public} sector is incapable of repaying the debt it
has already… , The End of the Bernanke Put is Here http://albertpeia.com/endofbernankeput.htm For well over a year, even after Ben
Bernanke admitted that the consequences of QE outweighed the benefits , Dave’s Daily: http://www.etfdigest.com BULLS ASSUME QE3 WILL HAPPEN 7-17-12
“We have reached a profound point in economic history
where the truth is unpalatable to the political class – and that truth is that
the scale and magnitude of the problem is larger than their ability to respond
– and it terrifies them.” Hugh Hendry
“Given the political realities, the Fed is the only game
in town that can do anything to bolster the economy.” Senator Schumer
Naturally bulls assume QE3 will occur because it must
politically. Members of congress made that plain today given the proximity of
the election. Although Bernanke urged congress to avoid the so-called “fiscal
cliff” that is drawing every nearer most polls brushed that off. So too did
bulls who are desperate for a rally and expect QE3 will be there for the fix
they need. End. Of. Story.Goldman Sachs did what most companies have
successfully done—lowered estimates making “beating” these a snap. And despite
earnings lower by 11% that beat estimates—it’s the only game in town. Other
companies are guiding lower like Johnson & Johnson (JNJ) as the company’s
unadjusted earnings plunged while adjusted earnings beat expectations slightly.
Coca-Cola (KO) reported earnings that also beat. In late earnings news, Intel
(INTC) reported earnings that disappointed by initial reaction as they cut
outlook and Yahoo (YHOO) shares rose after its report.It’s interesting how,
since the court ruling on Obamacare, the healthcare sector (XLV) has risen and
done so in dramatic fashion. I guess the deal for healthcare providers allowed
for more customers and their premiums immediately rose.Economic data primarily
consisted of a negligible rise in the CPI (.2% “core”); GS Same Store Sales
(.0% vs .3% weekly & yearly 2.6% vs 3% previous); Industrial Production
rose (.4% vs.3% expected & prior -.1% while Capacity Utilization dropped to
78.9); and, Homebuilders Confidence rose to 35 which was this high in March
2007. We know what happened after that, eh? Anyway, closely related REITs (IYR)
continue to move higher believing real estate has bottomed even though there
aren’t much single family homes in the sector.Goldman Sachs lowered GDP
estimates to 1.2% which remains in stark contrast to Fed forecasts of near
2%.In the eurozone things are “quiet” although some bullish pundits have
described conditions as “stable” which for most would be a short-term
transitory description. German Investor Confidence fell to -19.6 which isn’t
much in the way of “stable”.In China the government has decided to increase
rail construction by 9% hoping this would be stimulative. The Japanese tried
the same thing over the past 20 years with little effect…just sayin’.Meanwhile
crop conditions (JJG) continue to deteriorate throughout the growing regions
meaning you’ll be paying more for ethanol and corn flakes.Large pension plans
continue to struggle producing only meager returns. CALPERS, the large
California public workers plan, returned only 1% for its fiscal year ending in
June. Others seem to be in the same boat making it more difficult to meet
payout needs.Bonds (IEF) continue to levitate a low yields as ZIRP continues to
keep yields almost negative in the U.S.Stocks, after a weak intra-morning
sell-off on lack of Bernanke QE3 hints, rallied in the afternoon since QE3
naysayers just don’t get it—it will be done by September at the latest…’ , Capitalism Versus Cronyism ZeroHedge.com Tyler Durden The sad 'this-is-how-politics-works' punchline of this brief
animated clip is "those who can afford political
influence get the benefits; and those who cannot afford it suffer the
consequences" as Professor Matt Zwolinski
attempts to balance the question the common claim that 'capitalism exploits the
masses for the benefit of the few' - implicitly advocating increased government
power - by suggesting (shock, horror) that government power may be more exploitative than free-market capitalism . In just over two minutes, Zwolinski argues that bigger government
(thanks to cronyism among other things) makes citizens more vulnerable to
exploitation given its power to coerce - intriguing given the recent comments by Obama . , Why Eurobonds Are Pointless , The Trade Off To Record
Corporate Profits: Your Miserable Salary , Stocks Drink Gold's Kool Aid
Milkshake
, Intel Cuts 2012 Outlook INTC missed the Q2 topline ($13.5
billion vs Exp. of $13.54 billion), even as it met bottom-line estimates of
$0.54, but it is the company's forecast for 2012 that has caught traders off
guard, because the technology company is merely the latest one to revise its
outlook for the year lower. , ZIRP Strikes Again: Pension
Under-Funding For S&P 500 Companies Hits Record The public pension and retirement
'schemes' are in considerable trouble (as we noted here and here ) and now, according to a recent S&P study , private companies are at record levels of pension under-funding. Fiscal
2011 shows that the under-funded level for S&P 500 companies' defined
pensions reached an epic $354.7 billion - an increase of over $100 billion from
2010 and surpassing the 2008 record of $308.4 billion - and OPEB under-funding
reached $223.4 billion. An aggregate $578
billion or 29.5% underfunding or the $1.96 trillion in obligations is increasing as the rates of return are reduced thanks to yet more
unintended consequences of the Fed's ZIRP and perhaps most worrying is there
comment that " The American dream of a golden
retirement for baby boomers is quickly dissipating ; plans have been reduced and the burden shifted with future retirees
needing to save more for their retirement. For many baby-boomers it may already be too late to safely build-up assets , outside of working longer or living more frugally in
retirement." , Does Not Compute: PFG Head
Says Spent Stolen Client Money To Comply With Regulator Demands Guest Post: Quite Possibly The
Dumbest Thing I’ve Heard An Economist Say In the eyes of our most decorated
‘scientists’, the brilliance and guile of Ingvar Kamprad, Sam Walton, Ray
Kroc, Asa Candler, Richard Branson, Steve Jobs, and millions of others are
far less important than an effective government bureaucracy. His entire
book, in fact, is an impassioned argument for even more government control
and redistribution of wealth. Right… because it’s been working so well.
These ideas are totally absurd. Yet this what passes as science today. And
because it’s science, society simply believes it to be true. , The Post-World War II American
Renaissance Lightning Will Not Strike Twice There have been quite a few
stories comparing the post-WWII American economic "renaissance" with
expectations that the same confluence of beneficial circumstances may repeat
now, resulting in the same benign outcome. Many of these stories touch upon the
key points debated in today's everyday politics: taxes, massive debt overhang,
and the treatment of private business. Sadly, most of these stories are also
just that: mythical representations of an idealized reality, which however have
no analogy to what actually happened in the 1950s. In other words, none of the conditions that were in place in
1950 which allowed net US debt to decline from 80% of GDP to just 46% in one
decade, are here now. , Are 401(k) Loan Defaults Set
To Resurge? As they note, many people use the money
to pay off other debt or to meet day-to-day expenses, and "Of course, participants are not deliberately defaulting," the
study said. "They only do so when they have no other option." As unemployment rates look set to rise, one can only imagine that these
401(k) loan losses, based on their study, are set to rise significantly. , Peugeot, Its Record High
Default Probability, And A Brief Primer On Corporate Viability Under Socialism , Guest Post: How White Collar
Crime Became The "Business Model" Of Corporate/State America There are a number of cultural and governmental impediments to prosecuting
WCCs . One of which is the corrupting influence of money to
neuter regulations and to co-opt politically appointed regulators and
prosecutors. Another is perception . Wealth in our country is equated with royalty or a high station in
society, so people have a hard time seeing the white collar criminal as the
deviant that he is. People have a hard time wanting to punish someone who looks
nice, has nice clothes, drives a nice car, lives in a good neighborhood, went
to a prestigious school, belongs to exclusive clubs, etc. vs. someone who does
not have those things. If you're poor in this country, that's almost a crime in
and of itself to some people. Conversely, rich people have all sorts of
credibility, whether its deserved or not. Why should I listen to an actor about
a topic that's not related to acting? Sure, he may have some interesting things
to say, but he shouldn't be given automatic credibility on the subject and yet
many people do just that. , Sicily Is San Bernardino: With
First Italian Region On Verge Of Default, Montius Pilate Washes His Hands , Chuck Schumer To CTRL-P
"Get To Work Mr. Chairman"... For The Benefit Of My Donors
7-16-12 These 12 Hellholes Are
Examples Of What The Rest Of America Will Look Like Soon http://albertpeia.com/12hellholesvisionofamericasfuture.htm , Criminal Inquiry Shifts To
JPMorgan's Mispricing Of Hundreds Of Billions In CDS: Is Dimon The Next
Diamond? ZeroHedge.com
Tyler Durden 7-16-12 , It's Different This Time: The
Scariest Equity Market Chart Around
While analogs for periods past have been shown time and time again, the striking
similarity of the last four months of this year and the same period last year
is becoming extremely worrisome . The rips and dips are of almost
perfectly equal size and duration and retail and professional participation is
also very similar. July 21st marked the top last year after failing to break
the highs of a July 4th week peak (which occurred on low average trade size).
It would appear the bulls are hoping that it's different this time - or else it
is very scary with S&P 500 set for the magic 1200 Bernanke
Put strike very soon . , Senate Throws The Book At HSBC
Accusing It Of Massive "Money Laundering And Terrorist Financing", No
Comment On NAR Money Laundering Yet
Just because there is already an overflow of confidence in the financial
system, here comes the Senate's Permanent Subcommittee On Investigations with a
340 page report detailing how HSBC "exposed the U.S. financial system to a
wide array of money laundering, drug trafficking, and terrorist financing risks
due to poor anti-money laundering (AML) controls." Of course, since HSBC
is one of the world's largest banks, what it did was not in any way unique, and
it is quite fair to say that every other bank has the same loose anti-money
"laundering" provisions. What HSBC was likely most at fault for was
not providing sufficient hush money to the appropriate powers in the highest US
legislative administration. But at least tomorrow we will have yet another dog
and pony show, accusing that HSBC did what the NAR does every single day. Because let's
not forget that the National Association of Realtors lobbied for and received a
waiver for anti-money laundering provision regulations : after all how
else will US real estate remain at its current elevated levels if not for the
drug, blood, and fraud money from various Russian, Chinese, and petrodollar
kingpins, mafia bosses and otherwise rich people who need to launder their
money in the US, in the process keeping Manhattan real estate in the
stratosphere? But one can't possibly pursue the real truth if it just may
impair the fair value of that backbone of honest, hard-working US society: still
massively overpriced housing in a world in which those who need mortgages will
never get them.
[ Drug war hypocrisy: drug
trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the
amount of drug trafficking that benefits the CIA and international banking
system. Natural News February 1,
2012 [
http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is
outrageous when compared to the amount of drug trafficking that benefits the
CIA and international banking system. The son of a convicted notorious mobster,
John Gotti Jr, when asked in court if the family still dealt drugs cracked,
“No, we can’t compete with the government.”Today in Afghanistan, American
troops have been seen guarding poppy fields used to make heroin. Those fields
were all but wiped out by 2001 when the Taliban destroyed them and forbade that
agricultural pursuit. Now they’re flourishing again after the American
occupation. This doesn’t make sense despite all the mainstream reports that
American troops are protecting the poppy farmers from the bad guys. Internet sites
such as Prison Planet, Info Wars, The Political Coffeehouse and others report
otherwise. They connect the CIA and US military to restarting the poppy fields
in Afghanistan in 2002, increasing poppy growth by over 650 percent. Who’s
telling it like it is? One way the CIA keeps their drug trafficking hidden from
public view …’.
SHOCK: Justice Dept. will not prosecute Holder for
contempt of Congress... Justice
Department shields Holder from prosecution after contempt vote FoxNews.com | The Justice
Department moved Friday to shield Attorney General Eric Holder from prosecution
after the House voted to hold him in contempt of Congress. DOJ Says It Won't Prosecute
DOJ Head Holder How should we
say this: we are shocked, shocked , that the DOJ
won't prosecute itself. BREAKING: DOJ says it
won't prosecute Attorney General Holder after the GOP-led House voted to hold
him in criminal contempt of Congress – Fox see also, http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm House could
arrest Holder with inherent contempt power The Washington
Times | The thought is shocking, and conjures up a
Hollywood-ready standoff scene between House police and the FBI agents. { Eh, what the heck…you can let that
go…they’re hoodied blacks, not white like Nixon, etc…; and, be sure to hold on
to your wallets, purses everyone ‘cause there’s black folk in the capital! }
FLASHBACK NYT: Roberts drugs 'can have troubling side
effects, mental slowing and forgetfulness'... http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm }
Sorry Bulls, The Fed Will Not
Engage in More QE. Http://albertpeia.com/nomoreqe.htm
The Largest Natural Disaster
In U.S. History: The Endless Drought Of 2012 Will Bake America Well Into August http://albertpeia.com/bakedamerica.htm
7-13-12 Dave’s Daily: http://www.etfdigest.com http://etfdigest.com/commentary.html FRIDAY THE
13TH BAD NEWS BULLS 7-13-12 { I’d go even further than Dave in terms of
cynicism and point to what is tantamount to the ‘pump and dumps’, programmed
‘churn and earn’, ponzis, etc., and posit that they already know the news is
going to be bad because the reality is that the economy, financial institutions
sitting on worthless paper marked to anything with many trillions in
derivatives exposure, the nation, the system are all broke/broken and it’s
merely their attempt in their fraudulent ‘alice in wonderland’ way to condition
the Pavlov dogs of wall street et als to salivate on the prospect of bad news
which is coming anyway. The fact is, fraudulent wall street’s paper churning
gains by way of QE are Main Street’s and the real economy’s losses. There are
no free lunches; so this is a great opportunity to sell/take profits since
there’s much, much worse to come. Really! }
‘Fed voting member Lockhart was quoted saying: “It would take more bad
news for more QE”. The bad news keeps on coming and bulls are anxious for QE
since for many they’re addicted to it. Friday the 13th was a good demonstration
for the “bad news bulls” crowd. Most news was terrible. Even JP Morgan’s (JOM)
earnings news was bizarre given trading losses and incompetent management
oversight. But there are some big players with skin in the game so they’ll take
what they can get.Consumer Sentiment missed and was lower (72 vs 73.5 expected
& prior 73.2). That’s the kind of news Lacker and bulls need more of I
guess. In this ongoing Alice in Wonderland environment it then shouldn’t
surprise that Consumer Discretionary (XLY) stocks were higher. The PPI was also
higher .1% vs -.4% expected & prior -1%) which surprised many especially as
the “core” rate came in at .2%. News from China indicated GDP fell more than
expected (7.6% vs 7.7% expected & prior 8.1%). Of course this is
respectable for most economies but not for China. Bulls expect massive stimulus
from the PBOC.The Bank of England (BOE) is in QE mode now and perhaps Bank of
Japan (BOJ) is said to follow. Stimulus is nothing new to Japan where the
government has tried all manner of Krugman-like stimulus packages over the past
22 years. None have worked.In the U.S. QE and ZIRP has boosted stock prices
ephemerally but has done little to lift employment or the economy. So, does
doing the same thing over and over again without success make sense? It does
for short-term trading desk and hedge fund profits—that’s all you really need
to know. You’ll recall yesterday the NY Fed issued a report stating
plainly the result of their recent policies is why the S&P is at 1300 vs
600 where it would be without this help. (By the way, Jamie Dimon is a director
of the NY Fed.).Stocks (led by banks KBE & etc), commodities, and even the
euro were strong as this out of the blue rally demonstrates. It’s hard to short
when the Fed is hovering above and dangling more hints of QE-crack for the
permabulls and HFTs. The only sector to experience some downside was bonds
(IEF). Pick any other sector and it was only question of how much they rallied.
Most pundits groped for details to explain the rally with comments like: “The
confidence number was off some but still way off the bottom” and “…you
eventually have to put some money to work” and “…some will point to China as
providing more stimulus” and Warren Buffett has been trotted out to the media
two days in row talking his book. And, so it goes. This day was reminiscent of
the other out of the blue quarter end rally in June. That said , we’re long in portfolios around 40% with the balance in “cash”.Breaking:
Late Friday news dump is Visa & Mastercard have reached a $7.25 billion
settlement for overcharges with retailers.Volume was incredibly light but
breadth per the WSJ was positive naturally. (It’s hard to trust a rally based
on such little volume frankly.)…’
, 27 Things That Every American
Should Know About The National Debt
http://albertpeia.com/27thingsamericansshouldknowaboutnationaldebt.htm , Guest Post: Are Treasuries The
Worst Investment In The World?
ZeroHedge.com Tyler Durden Lots of people have made good profits on
Treasuries by buying them and flipping them to a greater fool or a central
bank. On the other hand, so did many during the NASDAQ bubble, or during the
’00s ABS bubble. Bubbles are profitable for some, and that’s why there have
been so many throughout history. But once the money starts to dry up they
become excruciatingly painful. In theory, there are no limits to how low rates
could go. In theory, nominal yields could go deeply negative, so long as there
are buyers coming into the market ready to buy at a lower rate, and a push a
profit to bond flippers. The inherent value in a bond is its
yield; everything else is speculation . It is hard to really call the
timing on the end of a bubble. People and events can always get more
irrational . Japan has kept the Treasury ball (painfully) rolling
for far longer than most of us expected ( through market rigging as much as anything else ). But this
cannot end well. , Ben Bernanke Has Created The
Ultimate Bondsy Scheme
, Low Volume Squeeze Takes
Stocks To Green On Week
S&P 500 e-mini futures (ES) traded up to almost perfectly recapture
their 415ET close from last Friday after a 15-point,
30-minute ramp out of the gates at the US day-session open recouped five days
of losses - as once again - we go nowhere quickly. Just for
clarity: China GDP disappointed and provided no signal for massive stimulus; JPM
announced bigger than expected losses, cheating on CDS marks, and exposed just
how large their CIO was relative to income; Consumer sentiment printed at its
worst this year; and QE-crimping inflation printed hotter than expectations - and we get a
more-than-30 point rally in the S&P. Whether the fuel was JPM squeeze or
another big European bank biting the liquidity dust and repatriating cajillions
of EUR to cover costs (or Austria needing some cash for a debt payment), what
was clear was equity market's outperformance of every other asset class - with
the late day surge for a green weekly close particularly noteworthy. Apart from
unch on the week, ES also managed to close right at its 50DMA, revert up to
credit's less sanguine behavior intra-week, and up to VIX's relative
outpeformance on the week (as VIX ended the week with its steepest
term-structure in over 4 months ). Treasuries ended the week 6-9bps lower in
yield at the long-end (2-3bps at the short end) but the USD's
plunge, on the absolute rampfest in EURUSD, took it back to unch for the week.
Despite the USD unch -ness, Oil and Copper
surged (on the day to help the week) up 2.5-3% on the week while even
Gold and Silver managed a high beta performance ending the week up around 0.5%.
ES ended the day notably rich to broad risk assets - and wil need
some more weakness in TSYs and carry crosses to extend this - for now, the
steepness of the volatility slope, velocity of squeeze, and richness of stocks
to risk makes us a little nervous carrying longs here. , One Explanation For Today's
Irrational Exuberance
Since the EU-Summit, US and European equity markets have (in general)
outperformed. From being in sync before the Summit , US equities
went into the weekend with a sell-off, which then spurred a short-squeeze push
as the S&P 500 was over-exuberant (relative to European equities) on the
way up at the start of last week. That cracked back to reality at the end of
last week - squeezing the over-levered longs to a significant underperformance
relative to European equities. It would appear that in the last 24
hours, US equities are now rallying back to that European 'surreality' . Surreal
because European stocks remain dramatically exuberant relative to European
(peripheral spreads unch and AAA massively bid) and US (Treasuries bid) bonds
and European corporate and financial credit. As we stand, the S&P 500
has retraced back to Europe's 'fair' perspective.
Submitted by Tyler Durden
"I
have committed fraud . For this I feel constant and intense
guilt...
The forgeries started nearly
twenty years ago...
Should
I go out of business or cheat ...
I
guess my ego was too big to admit failure..."
Submitted by Tyler Durden
UPDATE: Suicide note details added :
*WASENDORF SAID
HE USED PHOTOSHOP, SCANNER IN FORGERY, U.S. SAYS
*WASENDORF SAID
CHOICE WAS GO OUT OF BUSINESS OR CHEAT : U.S.
*WASENDORF'S
STATEMENTS MADE IN SUICIDE NOTE, PROSECUTORS SAY
*PEREGRINE'S
WASENDORF SAID `I HAVE COMMITTED FRAUD,' U.S. SAYS
While
unable to successfully kill himself, it appears the CEO of PFGBest is even less
successful at evading the police. As just reported,
*PFGBEST'S
WASENDORF ARRESTED IN IOWA
*FED
PROSECUTORS CHARGE IOWA FIRM CEO W/ LYING TO REGULATORS:AP
*PEREGRINE
CHIEF WASENDORF CHARGED BY FEDERAL PROSECUTORS (with making false statements to
the CFTC)
*WASENDORF
FRAUD AT PEREGRINE LASTED 20 YEARS, PROSECUTORS SAY
What
is probably more concerning to him now is the fact that he was not a Presidential
bundler - as the Big House is definitely calling...
U.S.
investigates whether JPMorgan traders hid losses
Obama:
Biggest mistake too much perspiration, not enough inspiration [What total b***s***!] { Biggest mistake:
too much b***s***, not enough substance; that’s reality, not spin! } White
House on weak jobs report: Don’t ‘read too much’ into it Olivier Knox, Yahoo! News { Riiiiight! Sounds like a plan! After all,
wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having
done anything of substance in his entire life. Indeed, even his so-called
‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced
fantasies which reveal a psychogenic/dissociative amnesia that works well in
the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign
trail’ littered with the cowpies of stark reality. People owe themselves and
their children more than this grifter’s con which in numbers measures more than
the increased deficits of all the presidents since President General Eisenhower
combined to obfuscate his unequivocal failure. http://albertpeia.com/10waysobamakillingjobsinamerica.htm } Obama Asks People Getting Married To Forgo Gifts... Donate To His Campaign Instead... AP: ‘…THE FACTS: Five
Senate Democrats voted against sending the DREAM Act to the Senate floor for
full consideration. The bill would have created a path to citizenship for many
young illegal immigrants brought to the United States as children. Last week,
Obama announced plans to stop deporting illegal immigrants who would have
qualified for the DREAM Act. The policy change does not include a path to
citizenship…’ Then there’s the other meretricious
‘wobama desperation hail mary’ that once again falls short. Indeed, as an
investor, one analyzes earnings, projects prospective earnings over a 3-5 year
horizon, and the quality of the earnings along macro economic factors which are
affected by ‘political considerations’. Does anyone remember the honorable Ross
Perot who warned of NAFTA’s effect on american jobs even as the democrat
administration et als were hell-bent on passing same? Should Romney have
breached his legal duty to shareholders and invested in companies with poor
earnings prospects? After all, in the financial / security analysis step of
projecting the income statement, prospective labor costs figure prominently in
the bottomline. In sum, Romney took conditions as he found them, and made the
prudent choices which as per his legal duty were optimal for those who put
their trust in him. For those who put their trust in proven failure wobama, all
they have to show for such misplaced trust are broken campaign promises, now
insurmountable record deficit spending exceeding all the presidents since Eisenhower
combined to obfuscate what clearly has been wobama’s unequivocal failure. ] Will accept your birthday or anniversary gifts,
too...
IF IT WAS ONLY ONE THING ABOUT WOBAMA THAT
MAKES HIM SO WRONG. YET, IT’S A MULTITUDE OF REALITIES; FROM INVARIABLY BROKEN
CAMPAIGN PROMISES ( Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins
Oscar for Documentary on the unprosecuted massive extant fraud in the (many)
TRILLIONS by the frauds on wall street ( and declares with oscar in hand that
not one high level wall street exec has been prosecuted … despite ‘earning’
billions from the fraud ) Cases against Wall Street lag
despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. ‘ THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , etc.) , TO VERY REAL BIRTH ISSUES (WHAT PERSON FAILS TO
GET THEIR PLACE OF BIRTH CORRECT – THE FRAUDULENT WOBAMA KIND http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ) , TO THE CURRENT OBFUSCATING FRAUD, Obama's Five Trillion Dollar
Lie http://albertpeia.com/obamas5trilliondollarlie.htm { the economy is already in depression in real terms when taking into account real
inflation numbers. Financial Crisis Phase II Is
Ahead at Forbes Bert Dohmen ‘ In late 2007, I
wrote the book Prelude To Meltdown , predicting the
global crisis that occurred the following year. I now see a similar
confluence of events .. “the new recession has started.”… Over the past 33
years, we have called the start of every recession..Currently, the GDP deflator
is 1.8%, which hardly reflects the true rise in prices. Therefore, what is
counted as “growth,” is actually price increases. Actual inflation..is now more
than 11%. Using that to adjust GDP for inflation, would show that the economy
is now in a very sharp contraction…’ } , WOBAMA ET ALS’ DISINGENUOUS ATTACKS AGAINST
ROMNEY ON WHAT WAS PRIZED AND LAUDED AS LEGAL, COMPETENT MANAGEMENT INCREASING
SHAREHOLDER WEALTH (THE TASK OF COMPETENT MANAGEMENT) IN THOSE BLOATED,
NON-COMPETITIVE TIMES CONTRASTED WITH WOBAMA’S UNPRECEDENTED FURTHER
BANKRUPTING OF THE NATION AND INDISPUTABLE FAILURE AS PRESIDENT ( Obama's Legacy: A Failed Recovery & Double-Dip
Recession Forbes /
Mariotti ‘…There will be
no significant recovery in the United States of America while Barack Obama is
President. The evidence is overwhelming: everything Obama has tried
to fuel a recovery (with his Democratic allies in Congress) has failed.
Statistics claiming jobs saved by the stimulus package were mostly fiction, and
cost American taxpayers about $275,000 each. Nearly 2-1/2 million fewer Americans
have jobs than before the stimulus. Barack Obama has been President for 30
months—2-1/2 years. He spent the first year obsessed with passing Obamacare, a
program that doesn’t create jobs, but might destroy a lot of them. He
“bailed out” GM, but many believe that his interference didn’t save GM; it
merely cost taxpayers an extra $15-20 billion, and stole from legitimate
investors to buy off the UAW. His broken campaign promises are too
numerous to list…’). IT IS NOTHING SHORT OF TRAGEDY TO SEE PEOPLE DELUDE AND
MAKE FOOLS OF THEMSELVES IN SUPPORT OF JIVE-TALKING GRIFTER/CON-MAN OBAMA. GOOD
BYE FORMER FAILED PRESIDENT WOBAMA … GOOD RIDDANCE!
http://albertpeia.com/12factorsamericancitieshellholes.htm
7-12-12 Two Myths That the Bulls
Continue to Cling To Were Just Rendered Moot http://albertpeia.com/twobullmythsnowmoot.htm , Dustbowl:
U.S. declares drought largest disaster area ever , Jobless
claims fall as plants put off retooling A Labor
Department official said the data, which is adjusted to account for normal
seasonal swings, may have been skewed because some automakers postponed annual
closures for retooling. That means the temporary layoffs for retooling may have
simply been postponed…’ , Dave’s Daily: http://www.etfdigest.com INVESTORS BIDE
TIME AHEAD OF EARNINGS 7-12-12 ‘Jobless Claims surprised (350K vs 375K
expected & prior claim revised higher to 376K) which was a refreshing
change. But, the week was interrupted by July 4th Holiday which
as an important occasion may have more than a one day effect. Then there were
the massive and lingering power outages on much of the mid-Atlantic region. So
next week’s data should be more revealing. Overseas markets were much lower on
a hangover from Fed Minutes which didn’t offer bulls what they wanted. In fact,
the end of quarter “eurozone is fixed” rally has been undone. In China and with
GDP now at 7.7% (low by their standards) from 8.1% things look grim. In fact,
Chinese leadership is more concerned with balancing more easing against an
ongoing housing bubble—good luck with that.Another U.S. Treasury bond auction
for the 30-year bond yielded 2.58% (TLT comparable) which is a stunning number
given the duration risk investors must assume. Remember, there are large
pension plans and other institutions that have a set allocation to bonds.
Insurance companies generally must buy these maturities to meet actuarial
tables and so forth. But you as a retail investor or financial advisor don’t
have to participate. You might do as well or better, sans the duration risk,
with an insured CD. As a side note, while this happy little auction occurred
the U.S. budget deficit passed $900 billion as of June; but, we don’t want to
talk about that do we? Imagine if interest rates were higher on our bonds how
quickly we would collapse as a nation; but, again, we don’t want to talk about
that either.The DJIA (DIA) was lifted higher at mid-day after William Ackman
announced he had been accumulating a large stake in Procter & Gamble (PG).
That caused the stock to rally at one point over 4% lifting the price-weighted
index and the defensive Consumer Staples ETF (XLP). (Naturally, algos and HFTs
have any DJIA heavyweight programmed as trigger to rock and roll.) Not so lucky
in the sector was a (gulp!) 50% decline in SuperValu (SVU) shares which are
also a weight (not too heavily now) in Consumer Staples. Nevertheless, the DJIA
is what Main Street seems obsessed with generally and a day like today can be
misleading.Meanwhile the Midwest drought continues to destroy crops causing
grains and other agricultural products to gain in price once again (JJG) &
(DBA). These products continued to rise despite another small rally in the
dollar (UUP) as the eurozone remains “unfixed”. Base metals like copper (JJC)
and precious metals like gold (GLD) continued to slump. Energy (USO) &
(UGA) continued to advance modestly as the U.S. adds a greater presence to
prevent any disruption in the Straits of Hormuz. This is part of the cost of having
no coherent or effective energy policy in the U.S. since the mid 1970s - lots
of folks to blame there, eh?Stock markets are about supply and demand like most
others and despite the growth of assets in ETFs (mostly bonds lately) the
money-flow to mutual funds continues to be negative. Below is a chart from Zero
Hedge reflecting several years of negativity. So with redemption rates
obviously higher, fund managers have little in the way of cash for fresh
investments. When they sit down each morning they’re given a number of fresh
cash demands from overnight redemption requests. Ultimately this is bearish
naturally.With markets deeply in the red early the Ackman announcement was all
bulls needed to get things reversed to the upside. Basically we’re just marking
time before more earnings and data are released to either support bulls or
bears. We’ll start to see some important reports from financial and banks
beginning. JP Morgan (JPM) is on tap for Friday morning. This report will be
much watched (not to mention manipulated…snicker) regarding recent trading
losses, Libor involvement if any and their outlook. It should be a market
mover.One of the most interesting stories of the day came late when a report from the Federal Reserve Bank of NY suggested that
without Fed help the stock market would be 50% lower. This then is
self-explanatory. Stocks closed Thursday’s session lower but well off their
lows. Volume was lower by recent periods and breadth per the WSJ was negative…’ , Dow Down Six-In-A-Row As QE-On
Hopes Fade Into Close
ZeroHedge.com Tyler Durden Despite miraculous efforts to find the right
fulcrum security to pressure stocks into the green for the day, equities end
the day notably in the red after cracking (once again on heavy volume and large
average trade size) into the close. Reverting as usual back to VWAP, the market
was typically manic today with two significant QE-on pushes (Treasury
yields lower as Stocks/Gold rallied with USD weakness) after the
better-than-expected 30Y auction ended badly for stocks as it reverted rapidly
back down to bond's reality into the close. Once again very close to record low
yields in Treasuries - with 30Y yield down over 10bps on the week . Initial bids
under Silver (which reverted up to perfectly sync with Copper on the week) and
then WTI (over $86, post further sanctions) provided some correlated excitement
for stocks but it was clear once again that the low volume liftathon was an
exit opportunity for bigger players with financials and tech notably
underperforming . Average volume and average trade size on the day in
aggregate but the European close rally monkey just ran out of steam as 'size'
stepped in to move ES down to its 50DMA and the Dow near its 200DMA to ends it
sixth down day in a row. , Guest Post: The Race for
Energy Resources Just Got Hotter
, US June Deficit: $60 Billion,
$17 Billion Worse Than Prior Year
, The Chronology Of A Collapse:
Santelli's Primer On The PFG Debacle
, NYSE Short Interest Plunges By
Most Since January, As Equity Outflows Hit One Month High { Remember, short
interest is a contrarian indicator inasmuch as it’s indicative of prospective
short covering which fuels/exaggerates rallies, however unfounded. } ,
Dummies Guide To Europe's
Ever-Increasing Jumble Of Acronyms
, Here Come The Libor Liability
Estimates Just as we noted here , the analyst
estimates for the potential impact of Libor (litigation and regulatory)
liabilities have begun. Morgan Stanley sees up to a 17% hit to
2012 EPS (from $420 to $847 million per bank) in a worst case from just
regulatory costs , and a further 6.8% potential hit to 2013 EPS if
the top-down $400 million average per banks losses from litigation are taken on
one year (considerably more if the bottom-up numbers of more than $1 billion
are included). They see LIBOR risk in three parts: regulatory fines (we est
median 7-12% hit to ‘12 EPS; litigation risk (7% EPS hit over 2 yrs); and less
certainty on forward earnings. There are a plethora of assumptions - as one
would expect - but the ranges of potential regulatory fine and litigation risk
are very large though the MS analysts make the greater point that the LIBOR
'fixing' broadens investor support for more transparency in fixed income
trading in addition to fixed income clearing leaving the threat of
thinner margins as another investor concern . , Europe's Equities Catch-Down
To Credit , Head Of GM Europe Steps Down , Jim Grant Discusses The Fed's
'Backward Shooting Gun', And Black Walnut Tree Treasury Replacements , Clarifying The Entirely
Unremarkable Shift In ECB Deposits
, $10 Billion Away From $10
Trillion According to the
just released M2 update , the broadest
publicly tracked monetary aggregate (because the Fed doesn't have enough money
to keep track of M3) just hit $9,991.5 billion, a $43 billion increase from
last week . In other words, this is the last week in which M2 is
under $10 trillion. So enjoy it while the "complete lack of
penetration" of the monetary base into broader monetary aggregates, and of
the Fed's reserves so tightly locked up in bank vaults, is still only 13 digits
(most of it comprising of bank deposits which of course represent no
inflationary threat at all). Next week it will be a record 14 digits for the
first time, and well on its way to surpassing the $15 trillion held in the
deposit-free shadow banking system as the importance (and inflationary
convexity) of the two is rapidly interchanged.
, Citi: "The Market Will
Form A 'Terminal' High"
, Guest Post: Middle Class?
Here's What's Destroying Your Future
In broad brush, financialization enabled the explosive rise of
politically dominant cartels (crony capitalism) that reap profits from graft,
legalized fraud, embezzlement, collusion, price-fixing, misrepresentation of
risk, shadow systems of governance, and the use of phantom assets as
collateral. This systemic allocation of resources and the national income
to serve their interests also serves the interests of the protected fiefdoms of
the State that enable and protect the parasitic sectors of the economy. The
productive, efficient private sectors of the economy are, in effect,
subsidizing the most inefficient, unproductive parts of the economy.
Productivity has been siphoned off to financialized corporate profits,
politically powerful cartels, and bloated State fiefdoms. The current
attempts to “restart growth” via the same old financialization tricks of more
debt, more leverage, and more speculative excess backstopped by a captured
Central State are failing. Neofeudal financialization and
unproductive State/private vested interests have bled the middle class dry.
7-11-12 19 Warnings About A Coming
Global Financial Catastrophe http://albertpeia.com/19warningsofglobalcatastrophe.htm , Dave’s Daily: http://www.etfdigest.com TWO-WAY ACTION AS FED MINUTES RELEASED
7-11-12 ‘The FOMC Minutes were released at 2 PM and bulls were anxious to see
some sign that a fresh round of QE was buried somewhere in the minutes.
Apparently bulls didn’t think the release a few weeks ago of more Operation
Twist, the published language and the Bernank’s press conference yielded enough clues.
Anyway, bulls didn’t like what was in the minutes and sold stocks almost
immediately. But then clearer heads prevailed and the 2:15 Buy Program Express
was engaged a few minutes late to save the day. So as they say in the Army: “As
you were” and stocks returned to only slight losses.The U.S. Treasury completed
a historical 10-year bond auction (IEF) Wednesday. The “when issued” security
was trading at 1.51% at 1 PM but the result was 1.459%, a new record low.
What’s the message here and who were the buyers? This is mattress money since
even officially low inflation rate makes this yield negative with duration risk
to boot. Spain initiates new taxes, public employee wage cuts and other austerity
measures which bring out protests in Pamplona running of the bulls style.
Almost comically, Finland which has wanted collateral for any new bailout money
has stated that “maybe” they’ll accept Spanish bank stock as collateral. Really? In other news the Washington Post no less points out that the eurozone will have to reduce and adjust its
social contract forcing workers to retire later. For example, some countries
like Italy provide 3 months of annual vacation which reduces the actual work
years to 51.The dollar (UUP) was slightly higher and unusually gold (GLD) was
slightly higher too. Combine gold, dollar and the bond auction and it spells
fear. This is the environment we’re in and there’s little that can be done
given global political BS. Within the Fed minutes today was this item:
“business contacts say heightened uncertainty about future tax and regulatory
policies put potential investment projects on hold". That little nugget
says a lot about political gridlock, a lack of leadership and isn’t being
reported by the media. Also from the meeting was this quote: “Several on the
FOMC said the Fed should study ‘new tools’ for easing”. Whoever the “several”
are is an admission that QE has been a long term failure only producing
short-term results. And from our view it also promotes a serious misallocation
of capital, screwing seniors and savers and creating an entire generation
addicted to Fed crack. We still haven’t heard any fresh news about Peregrine’s
theft of client money or much in the way of updates on MF Global’s missing funds. So
where’s Corzine ? How come he isn’t hounded like Madoff by the MSM? And then there’s the
“LIEBOR” thing which is just another scandal under the rug while bulls wait for
another fix from the Fed.Crude oil (USO) prices rallied nearly 3% after supply
data showed a bigger decline than expected. Financial (XLF) and energy (XLE)
sectors rallied primarily due to rallies in a few banks like JP Morgan (JPM)
and Bank of America (BAC) and a report that consumers have upped their usage of
credit card accounts by 11% versus a year ago. Still MasterCard (MA) and Visa
(V) were lower on the day. Tech (XLK) remains a notable laggard held back
primarily by semis (SOXX) amid continued warnings.Volume was lower than Tuesday
but only slightly so, and breadth per the WSJ was mixed to negative…’ , Four Reasons To Be Even Less
Optimistic About The Global Financial System Than You Were Last Month http://albertpeia.com/4reasonsforlessoptimism.htm , Brutal Gestapo Tactics Are
Being Used Against Homeowners All Over America http://albertpeia.com/usgestapotactics.htm , Scenes Of Despair http://albertpeia.com/scenesofdespair.htm , US Attorneys General Jump On
The Lieborgate Bandwagon; 900,000+ Lawsuits To Follow, And What Happens Next? ZeroHedge.com Tyler Durden , Biderman Demands New
'Non-Parasitic' Constitutional Convention , Guest Post: The Deleveraging
Trap
The debt-to-GDP ratio is gradually falling, yet it is still at a far
higher level than the historical average, and it is still proportionately
higher than industrial output. And at the same time, consumers are re-leveraging , and government debt is soaring . And industrial production is barely above where it it was a decade ago,
and far below its pre-2000 trend line. We have barely started, and already this
has been a slow and grinding deleveraging; rather than the quick and brutal
liquidation like that seen in 1907 where the banking system was effectively forced into bailing itself
out, the stimulationist policies of low rates, quantitative easing and
fiscal stimulus have kept in business zombie companies and institutions
carrying absurd debt loads. Like Japan who experienced a similar debt-driven
bubble in the late ’80s and early ’90s, we in the West appear to have embarked
on a low-growth, high-unemployment period of deleveraging; and like Japan , we appear to be simply transferring the bulk
of the debt load from the private sector to the public, without making any real
impact in the total debt level, or any serious reduction in the debt-to-GDP
ratio. , "The Use Of Temps Is
Outpacing Outright New Hirings By A 10-To-1 Ratio" , Two And Twenty And Zero To
Show For It As Hedge Funds Underperform The Stock Market , The Seeds For An Even Bigger
Crisis Have Been Sown , Despite Low Volume
Schizophrenia, S&P Extends Losses To 5th Day , The "Contrarian"
Permabull's Ultimate Guide To The Non-Zombie Economy Presenting, with little comment,
the ultimate arbiter of the truth - First Trust's Brian Wesbury - discussing
his "Mark-to-Market accounting is to blame for it all; the economy is fine
and is not reliant on Fed QE; 80,000 jobs creating; Facebook
wealth-building" view of the non-zombie economy. So we presume: Forget
China, ignore Europe, the fiscal-cliff is a molehill, and once the government
stops spending/growing (which is his angle) then all will be well with this
thoroughbred economy - as opposed to his non-zombie plough-horse (that
unfortunately just leads us down a path of low/slow growth, labor force
participation-lagging, deficit spending, social welfare dependent
dysphoria). , The Ever-Increasing Age Of
Retirement
, Desperate Acts Of Government
Continued - Europe Edition , U.S. Gave Tens of Billions to
Libor-Manipulating Banks ... Even AFTER Learning about the Manipulation Posted by : George Washington Federal Reserve REWARDS Fraud By Throwing Money At
Criminal Manipulators
, 10 Year Bond Smashes All
Records In WTF Auction , Guest Post: Why We’re Light
Years Away From Solving Our Problems , Gold Report 2012: Erste's
Comprehensive Summary Of The Gold Space And Where The Yellow Metal Is Going , Syntagma Riotcam Resumes
Broadcasting From Madrid Where Cops Use Rubber Bullets On Protesters , Wholesale Inventories Meet
Expectations As Sales Plunge Most Since March 2009 , Goldman Cuts US Q2 GDP Two
Times In Two Hours
7-10-12 The EU in Recession, the US is
Entering a Recession and China is Lying About Its Growth http://albertpeia.com/euinrecessionusrecessionchinachinakissmyhina.htm , Dave’s
Daily: http://www.etfdigest.com GYPSIES TRAMPS
AND THIEVES 7-10-12 ‘We started Tuesday
on a more positive note as UK Factory Output surged 1.2% vs .1% expected.
(Although, inside the numbers it was noted a holiday was moved from May to
June. Remember, algos don’t look too far under the hood.) Italy also posted
better industrial output at .8% vs expected -.6%. (They must be forcing some to
work now.) The Bank of Japan (BOJ) is increasing its asset purchases (QE) by another
$200 billion from $680 billion. Not much the BOJ has done has brought much
success to relieve its 20-year slump. Most aren’t aware that debt to GDP in
Japan is now approaching 200%. Meanwhile, the world’s problem child, the
eurozone saw the German high court assert they won’t have a decision on the
constitutionality of the EMS bailout facility for three months as noted in Der Spiegel . This throws a serious monkey wrench into bailout timeliness. Perhaps the
joke of the day came from Spain which vowed that bailout money would be used for a “deep
clean-up” of the financial sector. Another story from Bloomberg suggested the Fed knew all about the LIBOR bid fixing in 2007. Elsewhere Bob Diamond of Barclays was accused of being a liar.In other news, Futures Commission
Merchant (FCM) Peregrine Financial is accused of another MF Global-like theft of customer funds to the tune
of $200M. Oh, and about that MF Global deal: where’s Corzine and the financial
media on this story? The 10-year U.S. Treasury bond (IEF) dropped to 1.49%
Tuesday which indicates a “risk off” environment. Gold (GLD) fell sharply as
the dollar (UUP) rallied once again. Commodities (DBC), (USO) and (JJC) overall
were weak especially as the dollar rallied.Earnings warnings are dominant now
as Applied Materials (AMAT) followed Advanced Micro Devices (AMD) with
bellwether Cummins (CMI) and Mako Surgical (MAKO) also warning. So the beat
goes on and it’s a wonder there is any buying whatsoever.Stocks which began the
day higher started to breakdown after the German court announcement and fell
further on the accumulation of amazingly crummy news. Some bulls are anxiously
awaiting Wednesday’s release of Fed minutes which might contain a kernel of QE
hints. But we’ve heard from the Fed already and the Bernank already had his
news conference, so what’s to know?Volume picked-up some from Monday’s weak
effort and breadth per the WSJ was negative…’
, The Corn Is Dying All Over
America
http://albertpeia.com/corndyingoveramerica.htm , More profit
warnings hit Wall Street - NEW YORK
(Reuters) - Stocks fell for a fourth day on Tuesday as more pessimism from
companies compounded worries the sluggish world economy is taking a toll on
profit growth. A sales warning from engi...
, BofA cutting
commercial banking jobs: sources , Barclays'
Diamond accused of misleading inquiry , China's
slowing economy claiming firms' CEOs, profits , PFG's Chairman Was Forging
Bank Documents For Years Even As The CFTC Gave An "All Clear" ZeroHedge.com Tyler Durden 7-10-12 , Bearish Enough To Buy? The
Real Fear Index Says Not So Fast , Labor Unions: The New, Old
SuperPACs?
Much has been said about the evil crony capitalism inflicted upon
America as a result of PAC, SuperPACs, corporate donations, and just general
bribery on behalf of America's corporations in broad terms, and Wall Street in
narrow (and Private Equity firms in uber-narrow) terms. But is there an even
bigger destabilizing force of "cronyness" in America? According to
the WSJ, there well may be: labor unions . Yes: those same entities that are so critical for Obama's reelection
campaign that the president abrogated property rights and overturned the entire
bankruptcy process in the case of GM and Chrysler, to benefit various forms of
organized labor at the expense of evil, evil bondholders (represented on
occasion by such even more evil entities as little old grandmas whose retirement
money had been invested in GM bonds), appear to have a far greater impact in
bribe-facilitated decision-making than previously thought. , Equities Smash Back To Risk-Asset
Reality
, Guest Post: Peak Employment ‘…we have already passed Peak Employment and the downward trend will
continue, perhaps disguised by increasingly more part time employment.’ , ECRI's Achuthan: "The US
Is In Recession Already" ‘Lakshman Achuthan, co-founder of the
Economic Cycle Research Institute, spoke with Bloomberg Television’s Tom Keene
today and said that, "What we said back in December was that the most
likely start date for the recession would be in Q1 and if not then, by the
middle of 2012. I’m here to reaffirm that. I think we’re in a recession already. " And just like us, the anagrammatic ECRI economist believes that
"It is not all about GDP. It is about jobs. It is about income and sales.
A recession is a vicious interplay among output, input, employment, income and
sales" noting that recessions don't generally start with a cliff (that
everyone looks for) adding (rather ominously): "there is this belief that
somehow government or a central bank will stave off a recession. For the last 220 years , you do some history
with Hamilton, which ended in a duel by the way... you have had 47 recessions. Why are we going to avoid the 48th? " ‘ , China Imports More Gold From
Hong Kong In Five Months Than All Of UK's Combined Gold Holdings , Five Ominous Charts For Q2
Earnings
, Gordon Brown Sold Britain’s
Gold at Artificially Low Prices to Bail Out a Large American Bank Posted by : George Washington Post date: 07/10/2012 - Governments Don’t Manipulate the Price of
Gold … Do They?
, FRaCTuReD ReSeRVe FaiRY
TaiLs... Posted by: williambanzai7 Post date: 07/10/2012 - "The few who understand the system,
will either be so interested from it's profits or so dependent on it's favors,
that there will be no opposition from that class."--Rothschild Brothers of
London...
, Obama’s Middle Class Tax Scam Posted by: Bruce Krasting Post date: 07/10/2012 - A tax
break that is a tax increase. ‘…What the President
didn’t say in his speech yesterday is far more important than what he did say.
He did not say word one about the 2% Social Security tax break that has been on
the books the past few years. What this means is that the FICA tax break is
going to expire. When it does, every worker’s paycheck is going to get hit by
2%.In the 2012 Social Security Trust Fund report to Congress the Trustees
estimated that total FICA (SS taxes) would amount to $733.4B in 2013. The 2%
increase in FICA taxes in 2013 will increase workers tax load by $120B.
Therefore the combined effect of extending the sub-250k tax cut and the
increase in FICA comes to a paltry $30B.Even worse is the way in which the
increase in FICA taxes will be felt by workers making $60K or less. (The
average annual wage in the US is $42,000). Households in the lower tax brackets
will not get much benefit from extending the Bush tax cuts, but they will, on
average, see their take home pay reduced by $1,200 a year. , Biderman Blasts The Bernanke
Put And Questions QE-Hopers Scoffing at the smugness of a CNBC talking
head suggesting he is long-term bullish because of the Bernanke Put, TrimTabs'
CEO Charles Biderman empirically analyses the effects of QEs-past and just as
we have noted again and again - highlights the fact that without at least a 15% drop in stocks, Bernanke will not ride to the
rescue . Based on his analysis of wage and
salary growth, he believes the US economy is now starting to contract in line
with what is going on in Europe and the rest of the emerging world. , Federal Reserve Admits It Knew
Of Barclays Libor "Problems" In 2007 And 2008 , Eminent-Domain 'Transfer Of
Wealth'-Program Challenges Remain , First MFG(lobal), Now PFG: Who
Is Next?
7-9-12 25 Signs The Collapse Of
America Is Speeding Up As Society Rots From The Inside Out http://albertpeia.com/25signsacceleratedamericancollapseandrotwithin.htm , 14 Incredibly Creepy
Surveillance Technologies That Big Brother Will Be Using To Spy On You http://albertpeia.com/14creepygovernmenttechnologiestospyonyou.htm
, The US is Entering a Recession
In the Worst State in the Post WWII Period… Right As the Fed Realizes It’s Out
of Ammo
http://albertpeia.com/usenteringrecessionworstinpostww2.htm , Formal complaint seeks
disbarment of Eric Holder in DC , Dave’s Daily: http://www.etfdigest.com ‘A SLOW LIGHT VOLUME MONDAY 7-9-12
According to MarketWatch , Monday’s haven’t been kind overall to stock markets in 2012. Things in
the eurozone are still unsettled for lack of a better term. The EU was supposed to get everything
ironed-out this week but right out of the gate Spain asked for and received an
extension on its budget deficit due to the deteriorating economy. Bank of Japan
apparently is ready to increase its QE (bond buying) efforts as the Bank of
England has increased theirs. The Peoples Bank of China (PBOC) has joined the
easing activities by lowering rates and of course the ECB has been at it for
some time in the eurozone. SF Fed President John Williams in a speech today
seemed friendly to increasing Fed QE (QE3) given the deterioration in the U.S.
economy.At some point we enter uncharted waters since we’ve never experienced
this amount of money printing without positive effect. After all can anyone
really say it’s actually working or has worked? Liquidity injections by most
evidence have had only ephemeral effects at least in boosting stock prices over
the short-term. When then is pushing on a string finally going to be just
that?Consumers took on $17 billion in new debt divided among credit cards, auto
loans and student loans. This is either a good thing for the economy or not
depending on your view. We know student loans are in a bubble and just today UBS downgraded Visa (V) and MasterCard (MA) to sell from neutral.Oil (USO)
rose Monday as a strike in Norway has shut down most production. Meanwhile gold
prices rallied slightly on thoughts of more QE and the dollar (UUP) also fell.
Standout performers remain in the agricultural sector as weather is hurting
crops which has seen (JJG) & (DBA) continue recent rallies. Bonds (IEF)
& (MBB) continue along with higher prices also on QE hopes.Stocks bounced
around most of the day mostly lower despite the obligatory end of day pump higher
to minimize the damage. Stock market leader and heavyweight (AAPL) continues to
be a leader. Its weighting and performance can mask underlying weakness
throughout. Healthcare stocks continue to lead as a sector since Obamacare will
provide HMOs in particular with a load of new customers.After the close, Alcoa
(AA) was first of the major companies to report earnings. Estimates had been
slashed 47% by most analysts making a beat easier and the company obliged once
you could wade through all the adjustments. Earnings after adjustments came in
at 6 cents vs 5 cents expected on revenues of $5.96 billion versus $5.8 billion
estimated. Alcoa projected aluminum demand would grow 7% in 2012. The stock
rose slightly in late trading as this is written.Also breaking late, Advanced
Micro Devices (AMD) preannounced 10 days ahead of earnings, cuts to Q2 revenue
by 11%, where it had seen 3% rise previously.Volume was ridiculously light as
traders were no doubt slow to return from the holiday week. This made it easy
for the HFTs to push things around. Breadth overall was negative…’ , Futures Brokerage PFG Best
Freezes Accounts Following Discovery Of Accounting Irregularity ZeroHedge.com Tyler Durden , On Gold As A Hyperinflation
Put
, Egan-Jones Downgrades
Netherlands And Austria To A, Negative Watch , Earnings Season Preview: +9.7%
2012 EPS Growth Still Too High By now, it seems clear that the US earnings
season will be softer than was forecast a couple of months ago. In fact, there
was more negative guidance during the second quarter than any
time in this cycle and Morgan Stanley, like us,
believes these soft results and weaker guidance are not fully discounted into a
QE-hungry market. Lower oil, a stronger dollar (e.g. a one-standard deviation appreciation in the US Dollar against a basket of
currencies decreases expected S&P 500 earnings by 2.6% ), lower 10-year yields and a preponderance of evidence of lighter growth
from economically sensitive companies are reasons for a lower view of Q2 EPS
than we previously expected as UBS notes the 'official' US Q2 reporting season
kicks off in earnest today with Alcoa followed by over 3,000 global companies
reporting in the next two months. At the sector and stock level UBS sees
particular risk around some of the higher rated areas such as consumer staples
and consumer discretionary, where relative multiples are high and expectations
are demanding and while they see consensus estimates
for 2012 global EPS growth have been falling - at 9.7%, they remain too high given the Eurozone crisis / policy response; deteriorating global macro
data; and the corporate profit cycle - and in that order of importance. , Scranton Mayor: Minimum Wage
For All Or Become Stockton , Two-Thirds Of Voters Say Obama
Has Kept His Promise Of "Change", Although 56% Find He Has Changed It
For The Worse
, The Perfect Storm - Santelli
Meets Farage
The undisputed champion of European political ranting (UKIP's Nigel
Farage) discussed the sad reality of Europe's inevitable demise with the
reigning US chief of non-hype Rick Santelli in a no-holds-barred cage-match of
like-minded skeptics. From Rajoy's incompetence to the 'genius of mutual
indebtedness', Farage explains the problem is 'bedeviled with complexity' as,
for example, the last summit left "the Finnish and Dutch finance ministers
leaving with a very different perspective on what happened than the rest"
and now even Merkel is arguing domestically what she has and has not agreed to.
From the simple self-referential idiocy of Spain's EUR100 billion bailout -
that creates vicious circles on all the peripheral 'bailing' nations; to "the same bundle of money going round and round in circles"
leaving Nigel tempted to describe it as "a giant ponzi scheme" ; Santelli, not to be outdone, explains how the US is just such a money-circulating ponzi scheme as "one part of the
government issues debt as another part is buying" . The ECB, of course, is becoming plagued with more and more of the
ponzi-like peripheral paper and as Farage notes "the day Greece leaves the
Euro - and it will - the ECB is left with a massive paper loss" leaving
the ECB under-capitalized - which in all its wonderful craziness means "it
has to go and get fresh capital from the other countries that themselves have
been bailed out and are in fact in trouble". A farcical perfect storm as the
"medicine is killing the patient" , and he fears if the nettle is not grasped (Euro break-up) now then the
markets will overwhelm the whole thing this summer. , Guest Post: The Real Fiscal
Cliff
More and more Asian nations — led by China and Russia — have ditched the
dollar for bilateral trade (out of fear of dollar instability ). Tension rises between the United States and Asia over Syria and Iran.
The Asian nations throw more and more abrasive rhetoric around — including war rhetoric …, The Hope-To-Reality Gap "Europe looks as bad as we
thought it would, but our US economic outlook was too optimistic" is how
JPMorgan's Michael Cembalest describes the recent environment…, Japan Machinery Orders Implode
As Global Economy Grinds To A Halt , Roubini On 2013's "Global
Perfect Storm" And Greedy Bankers "Hanging In The Streets"
7-6-12 White
House on weak jobs report: Don’t ‘read too much’ into it Olivier Knox, Yahoo! News { Riiiiight! Sounds like a plan! After all,
wobama’s gotten’ by on b***s*** and ‘special consideration alone, never having
done anything of substance in his entire life. Indeed, even his so-called
‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced
fantasies which reveal a psychogenic/dissociative amnesia that works well in
the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign
trail’ littered with the cowpies of stark reality. People owe themselves and
their children more than this grifter’s con which in numbers measures more than
the increased deficits of all the presidents since President General Eisenhower
combined to obfuscate his unequivocal failure. }http://albertpeia.com/10waysobamakillingjobsinamerica.htm
Obama
administration repeats same jobs line — for the 30th month
Dave’s Daily: http://www.etfdigest.com VOLATILE HOLIDAY WEEK 7-6-12 ‘The vacation
and volume reduced week was anything but peaceful. All things considered, the
roller coaster ride continues. Friday’s employment report induced sell-off was
interesting given two things: either a plea for more QE now or just a
confirmation of descending economic conditions. As to the former, the Bank of
England is engaging in more QE with little in the way of positive impact.
Therefore, perhaps more QE from the Fed may have little impact beyond an
initial cheer. After all, 2.5 swings at the problem haven’t helped at all.
China was cutting interest rates this week and so too was European Central Bank
(ECB). And, how’s that going? Not so well.Economic data beyond a poor
employment report (80K jobs vs 90K expected & the unemployment rate
remained @ 8.2%). The underemployment rate increased slightly (14.9$ vs 14.8%
previous) indicates more people out of work. Further most new jobs were for
part-time help. Early in the week the all important ISM Mfg Data cratered (49.7
vs 53.5 previous) meaning the economy is weakening rapidly.Bailout success in
the eurozone has once again become “unfixed” as squabbling over restructuring
and extensions are the order of the day and week. Meanwhile as Spanish yields
soared once again most citizens would rather focus on the running of the bulls
in Pamplona—out of sight, out of mind.Earnings will start rolling out next week
and we’ve seen estimates being rapidly reduced by analysts perhaps cynically
allowing for some beats.The bottom line in the U.S. and globally is conditions
are deteriorating and for most just suck.U.S. stocks for the week were only
slightly lower dependent on the major index viewed. As the DJIA (DIA) was
hitting its 50 day moving average a story appeared in the WSJ indicating the
Fed is contemplating and deliberating more QE. That leak led to some late day
buying. Leading U.S. sectors remain REITS (IYR), homebuilders (ITB) and
biotechnology (XBI). Bonds (IEF) continued to rally as did the dollar (UUP)
against the euro (FXE) and Swiss Franc (FXF). The Swiss for example are
fighting furiously to maintain the recent peg to the euro as inflows there
continue mostly from southern European countries. Commodity prices (USO),
(DBC), (GLD), and (JJC) fell as the dollar’s strength knocked prices
lower.Given the holiday and half day trading Tuesday volume overall remains
light. Most investors were phoning their orders if they were trading at all.
Breadth per the WSJ was quite negative…’
http://albertpeia.com/neverenoughjobsinamericaagain.htm
http://albertpeia.com/10waysobamakillingjobsinamerica.htm
July 5, 2012 By gpc1981 http://albertpeia.com/germanywillbailoneuro.htm
You've Seen It Before, And
Here It Is Again: "The Chart That Tears Apart The Stimulus Package" ZeroHedge.com Tyler Durden ‘…"QE 2 Was A Disaster: Here Is
Why US Fiscal "Stimulus" Was A Complete Failure As Well ",
because, well, QE2 was a disaster…’
, Equities Close Week Red Even
As Hilsenrath Prevents Rout
‘A 10 point rally off the lows, thanks to a well-timed Hilsenrath-rumor,
dragged stocks up to their day-session opening levels (and unsurprisingly
perfectly to VWAP)…’ , Class Action Lawsuit Filed
Against GM For Channel Stuffing
, Spain May Not Be Uganda, But
Will America Soon Be Argentina?
, The Four Scariest Charts For
Hope-Filled 'De-Cuppers'
, European Money Market Industry
Shutting Down As Goldman Closes MM Fund, Says In "Unchartered
Territory" , Guest Post: Border Controls
Are Back In Europe , Have Banks Been Manipulating
Libor for DECADES? Posted by : George Washington Post date: 07/06/2012 - 18:03 Regulators Say Libor Manipulation
Started in 2005 ... But Industry Veteran Closely Involved in the Libor Process
Says that the Rate Has Been Manipulated for 15 Years
7-5,3-12
The Biggest Financial Scandal
In History? http://albertpeia.com/anotherbiggestfinancialscandal.htm ‘We always knew that the financial
markets were rigged, but this is getting ridiculous. It is now being
alleged that 20 major banks have been systematically fixing global interest
rates for years. Barclays has already been fined hundreds of millions of dollars for
manipulating Libor (the London Inter Bank Offered Rate). But Barclays
says that a whole bunch of other banks were doing this too. This is
shaping up to be the biggest financial scandal in history, and criminal
investigations have been launched on both sides of the Atlantic. What
those investigations are likely to uncover could shake the financial markets to
their very core. In the end, this scandal could absolutely devastate
confidence in the global financial system and it could potentially bring down a
number of major global banks. We have never seen anything quite like this
before.
What Is Libor?
As
mentioned before, Libor is the London Inter Bank Offered Rate. A recent Washington Post article contained a
pretty good explanation of what that means....
In
the simplest terms, LIBOR is the average interest rate which banks in London
are charging each other for borrowing. It’s calculated by Thomson Reuters
— the parent company of the Reuters news agency — for the British
Banking Association (BBA), a trade association of banks and financial services
companies.
Why Does Libor Matter?
If you
have a mortgage, a car loan or a credit card, then there is a very good chance
that Libor has affected your personal finances. Libor has been a factor
in the pricing of hundreds of trillions of dollars of loans, securities and
assets. The following is from a recent article by Maureen Farrell....
These
traders influenced the pricing of the London Interbank Offered Rate or Libor, a
benchmark that dictates the pricing of up to $800 trillion of securities (yes
trillion)…’
Equities Fumble As Broke Banks
Mounting ZeroHedge.com Tyler Durden 7-5-12 , Thunder Road Report On The
Death March: Approaching A New Financial System , The Next Imminent Bailout:
Eminent Domain It seems that
governmental efforts to save the underwater and ineligible homeowner from his
own fate are reaching fever pitch. Not only do we hear today of the up to $300mm in Agriculture
Department Rural Housing Service loans that may have financed ineligible
projects or borrowers with a high potential inability to repay the
loans; but yesterday's WSJ reports on the growing
call for 'eminent-domain' powers to be used by local government
officials in California to stop the "housing bust's public blight
on their city" . In yet another get-out-of-jail-free card, the officials
(helped by a friendly local hedge-fund / mortgage-provider) want to use the
government's ability to forcibly acquire property to remove underwater homes,
restructure the mortgage (cut principal), and hand back the home to the
previously unable to pay dilemma-ridden homeowner. As PIMCO's Scott Simon puts
it: "I don't see how you could find it anything other than appalling",
as this would crush property prices further and drive up borrowing costs . As we noted
earlier, until these mal-investments are marked to market, there will be no
useful growth in our credit-bound economy but transferring wealth to the
'mal'-investor seems like a terrible idea.
, 80% Of The World's Industrial
Activity Is Now Contracting
, Guest Post: Guess Who’s
Bailing Out Bankrupt Western Governments Now... Fourteen years ago during the Asian
financial crisis, Indonesia endured a currency collapse, a severe 2-year
recession, and an embarrassing IMF bailout. Western bureaucrats wagged their
fingers incessantly at Indonesia, lecturing the country about the dangers
of excess and fiscal irresponsibility. How sweet the irony is. In a stunning
rags-to-riches story, Indonesia contributed US$1 billion to the IMF last
week in order to help bail out bankrupt Western nations. Unlike Japan, the US,
and Europe — which all seem to think the answer to an economic bust
brought on by a debt-binge is to borrow and spend even more money–
Indonesia took its medicine when its economy collapsed back in 1998.
Ironically, US President Barack Obama spent some of his childhood in this
same suburb of Jakarta. Unfortunately, as he pulls out all stops
to cling to power for a second term, the kind of tough decisions that
could help the US emerge from its economic malaise have no chance of
being made. It’s the ENTIRE system that’s the problem. And that goes
for nearly every Western, “free market,” democracy out there.
7-2-12 Kicking The Can Down The Road http://albertpeia.com/kicksinthecandowntheroad.htm ‘ Has Europe finally been saved this time? Has this latest
"breakthrough" solved the European debt crisis? Of course not,
and you should know better by now. European leaders have held 18 summits
since the beginning of the debt crisis. After most of the preceding
summits, global financial markets responded with joy because European leaders
had reached "a deal" which would supposedly solve the crisis.
But a few weeks after each summit it would become clear that nothing had been
solved and that the financial crisis had actually gotten even worse than
before. How many times do they expect us to fall for the same sorry
routine? Nothing in Europe has been solved. You can't solve a debt
problem with more debt. European leaders are just kicking the can down
the road…’ , 12 Incredible Obamacare Quotes
That Show That Our Wretched Healthcare System Is Headed Directly Into The
Toilet
http://albertpeia.com/americanhealthcaretoilet.htm ‘You might as well stick a fork in the U.S. healthcare system because it is
finished. Even before Obamacare, Americans paid far more for healthcare
than anyone else in the world. Now thanks to Obamacare we will be faced
with much higher health insurance premiums, much higher taxes, much longer
waits to see doctors and more government bureaucrats involved in our lives than
ever before. As I have written about previously, the U.S. healthcare
industry is a horrible
mess , and now Obamacare is going to take the
entire system directly into the toilet. All over America today, families
are going broke because of outrageous health insurance costs and suffocating
medical debt, doctors are going broke and leaving the
profession because they can't make a living, and sick people are dying because
they cannot get the care that they need. So what solution does Obama give
us? A nearly 3,000 page monstrosity that will destroy what is left of our
crumbling healthcare system and that will unleash 16,000 new IRS agents to hunt
down the millions of Americans that do not currently have health
insurance. For those that love Big Brother socialist totalitarianism,
Obamacare is a dream come true. For the rest of us it is a total
nightmare. , If One Storm Can Turn D.C.
Dark For Several Days, What Would A Massive EMP Burst Do? http://albertpeia.com/empburst.htm , Asian shares
inch up as weak factory data boost Fed hopes {
What’s wrong with this headline? Answer: The fact is that the so-called
‘fed hopes’ have failed and put the real economy on the ropes! }
, On The USD's (usdollar’s)
Demise
ZeroHedge.com Tyler Durden Last week the BEA published it preliminary
take on the international investment position (IIP) of the country. As Citi's
FX team note, the IIP measures foreign investment assets minus native assets
owned by foreigners. In the US, the IIP has been negative (meaning the US is a
debtor nation) since 1985. The US’s IIP deficit reached USD 4.03trn in 2012, up
sharply from 2.47trn in 2011. As a share of nominal
GDP, the IIP deficit reached a record (for the US) of -27% . Commonly accepted wisdom based on a combination of models and
experience is that an IIP bigger than +30% of GDP or
smaller than -30% is a problem . On the IIP surplus
side, having too big of a net creditor position leads to a perennially strengthening
currency that chokes out industry and stokes deflation (think JPY). On the IIP
deficit side, having too big of a net debtor position leads to a debt spiral.
High debt leads to reluctant external creditors charging ever high interest
rates, which leads to economic stagnation and ultimately crisis. The US may not be able to run another dozen years of 3-6% current account
deficits without starting to look like a ponzi scheme - but while risk aversion flows (and rates) suggest there is little to
worry about, we have noted again and again
the moves behind the scenes in global trade flows to shift away from the
world's current numeraire . , The Dark (Pool) Truth About
What Really Goes On In The Stock Market: Part 2 ‘…researched what was going wrong
at Trading Machines. The document was a detailed blueprint of a high-frequency
method that was said to be popular in Chicago’s trading circles. It was called
the “0+ Scalping Strategy.”…’ , The MK2 Grenade: Mike Krieger
And Max Keiser Take On The World Of Financial Crime , Unsealed Documents Expose
Morgan Stanley Forcing Rating Agencies To Inflate Ratings , Guest Post: The Great LIBOR
Bank Heist of 2008? , Joe Saluzzi: HFT Parasites Are
Killing The Market Host , The Dark (Pool) Truth About
What Really Goes On In The Stock Market: Part 3 , Global Growth Outlook Weakens Three weeks ago we noted that
Goldman Sach's Global Leading Indicator (GLI) and its Swirlogram had entered a
rather worrying contraction phase. Today's update to the June GLI data suggests
things got worse and not better as momentum is now also dropping as well as the
absolute level. This continued deterioration in momentum suggests further
softening in the global cyclical picture. Of particular concern is the broad-based deterioration in the GLI’s constituent components in June.
Nine of ten components weakened last month , only the second time this has occurred since the depths of the recession
in 2008Q4. The June Final GLI confirms the pronounced weakening in global
activity in recent months. Goldman has found elsewhere ( as we noted here ) that this stage of the cycle, when momentum
is negative and decelerating, is typically accompanied by deteriorating data
and market weakness .
, Big Banks Have Criminally
Conspired Since 2005 to Rig $800 Trillion Dollar Market Posted by : George Washington Post date: 07/01/2012 - 21:40… But Receive Only a Light Slap on the
Wrist , 77% of JP Morgan’s Net Income
Comes from Government Subsidies Posted by: George Washington Post date: 07/01/2012 - 15:44 JP Morgan Sucks at the Government Teat , Sorry Folks, Spain Isn’t
“Saved” And The Next Leg Down is Coming Soon / The Exact Moment Greece Will Leave the Euro gpc1981 http://albertpeia.com/greeceyspainpain.htm , Chief Justice John Roberts
Bowed To Political Pressure And Changed His Vote On Obamacare http://albertpeia.com/nolegalsystem.htm { The unfortunate reality is what I’ve
alluded to in the context of my own direct experience; viz., america’s ‘legal
system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws
to apply pressure, etc., and essentially run by the inmates of this collective
criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm } ,
Houston, We Have Contraction , China's Landing Getting Harder
As Stimulus Fails To Prime Pump , As US Closes June With $15,856,367,214,324.44
In Federal Debt, US Debt/GDP Hits Post WWII High Of 101.5%
Murdoch Dissatisfied With
"Weak" Romney, Allies Say http://albertpeia.com/senilepenalmurdoch.htm { Yeah; murdoch prefers the ‘tougher’ gay
choom gang banger wobama alternative. More cream pies in his face cries the
senile old media meister. Yeah; the majority of the electorate think just like
billionaire murdoch. Let’s not kid ourselves…murdoch’s totally gone…even the
wisdom of his company’s breakup/split into two companies is being seriously
questioned. …’ Murdoch wrote on Twitter. "Tough O Chicago
pols ( Aah! Riiiiight! Just want the country needs; crime, corruption, cook
county politics, capone/chicago style , hudson county/jersey city/newark,n.j.
style, etc.; … Even LA’s substantially better than that; and, make no mistake,
as ‘wobama country’ LA’s pretty bad, etc.) …will be hard to beat unless he
drops old friends from team and hires some real pros’… First reality: He could
hire some real pros without dropping old friends…In the final analysis, even
americans will prove smart enough and not sufficiently self-destructive enough
and as such, will not embrace proven failure with more proven failure. People
must realize the magnitude of wobama’s failure and the unaffordable,
insurmountable expense of obfuscation: ‘…those who put their trust in proven failure wobama, all they have to show
for such misplaced trust are broken campaign promises, now insurmountable
record deficit spending exceeding all the presidents since Eisenhower combined
to obfuscate what clearly has been wobama’s unequivocal failure...’ ( The Real Obama Budget Deficit
For 2011: 5 Trillion Dollars
http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S.
Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse
than Greece’s News (CNN) — ‘Our government is utterly
broke. There are signs everywhere one looks…The government’s total indebtedness
is $211 trillion ’ … )
POLL: Obama drops 8 points with whites... ... 13-point plunge among young voters
Obama Asks People Getting Married To Forgo Gifts... Donate To His Campaign Instead... AP: ‘…THE FACTS: Five
Senate Democrats voted against sending the DREAM Act to the Senate floor for
full consideration. The bill would have created a path to citizenship for many
young illegal immigrants brought to the United States as children. Last week,
Obama announced plans to stop deporting illegal immigrants who would have
qualified for the DREAM Act. The policy change does not include a path to
citizenship…’ Then there’s the other meretricious
‘wobama desperation hail mary’ that once again falls short. Indeed, as an
investor, one analyzes earnings, projects prospective earnings over a 3-5 year
horizon, and the quality of the earnings along macro economic factors which are
affected by ‘political considerations’. Does anyone remember the honorable Ross
Perot who warned of NAFTA’s effect on american jobs even as the democrat
administration et als were hell-bent on passing same? Should Romney have
breached his legal duty to shareholders and invested in companies with poor
earnings prospects? After all, in the financial / security analysis step of
projecting the income statement, prospective labor costs figure prominently in
the bottomline. In sum, Romney took conditions as he found them, and made the
prudent choices which as per his legal duty were optimal for those who put
their trust in him. For those who put their trust in proven failure wobama, all
they have to show for such misplaced trust are broken campaign promises, now
insurmountable record deficit spending exceeding all the presidents since
Eisenhower combined to obfuscate what clearly has been wobama’s unequivocal
failure. ] Will accept your birthday or anniversary gifts,
too...
[ I’d say rupee
is full of poopee and a bit mixed up and ‘all over the place’ in his (senile)
‘thought process’ as he seeks to cover all bases! Murdoch paper endorses McCain | Media | guardian.co.uk www.guardian.co.uk ›
Sep 9, 2008 – Rupert Murdoch
may have told his biographer that he favoured Barack Obama rather than Hillary
Clinton because he'll sell more papers but ...
www.huffingtonpost.com/.../new-york-post-endorses-mc_n_124730....
Sep 8, 2008 – Back in May,
NewsCorp CEO Rupert Murdoch admitted that
he had "played a role" in the decision of the New York Post (which he
owns) to ...
finance.yahoo.com/.../Barack-Obama’s-Unlikely-Supporter-Rupert-'F...
May 29, 2008 – Murdoch's
not-quite-but-almost endorsement of Barack
Obama for ... Murdoch added that after a long career in
the Senate, McCain had been ..., etc…
] }
CHICAGOLAND: 7-Year-Old Girl Gunned Down While Selling
Lemonade Outside Home... MCCONNELL: 'Sold to American people on a
deception'... CURL: Gift to Romney... { This may seem somewhat
counterintuitive and a bit of a rationalization; but, it is absolutely true. So
true in fact, that wobama will come to be compared to Pyrrhus of Ephyrus (W.
Greece) since realization of what this legislation won’t do for americans and
the economy and what it actually does will not have the galvanizing effect that
striking the bill down would have had on voters who were thinking ‘another free
lunch from the government’ will save them (we all now know better, no such
thing). Yes, in somewhat European tradition, defacto bankrupt america is
keeping up with the (ie., rating agencies Egan) Joneses. After all, we all know
how well this European program model is working out for Europe (and any other
nation that’s tried it). In the final analysis, this and such programs as the
contraindicated bailouts for the unprosecuted frauds on wall street, etc., will
prove to be the ‘camel-back breaking’ moment for america; and, a pyrrhic
victory for the egregiously failed president wobama. America’s debt woe is worse
than Greece’s News (CNN) — ‘Our government is utterly
broke. There are signs everywhere one looks…The government’s total indebtedness
is $211 trillion ’ … }
HISTORIC: HOUSE VOTES HOLDER IN CONTEMPT... DEM HOODIED BLACKS PLUS WALK OFF FLOOR...
{ In sum, to conclude, though
comfortably familiar to aussie murdoch, himself the product of penal colony
progeny in what has now tantamount to a global penal colony with inmates
running the institution/asylum, rupee the poopee is less comfortable with
fact/reality of his global irrelevance. Moreover, the inmates who neither see
nor hear are not children of a lesser God; but rather, children of a lesser
world. Lamentably for some as he, God has not nor ever will abolish capital
punishment with time of the essence. From a pragmatic and least
self-destructive perspective, realize that give enough rope to blacks, they
won’t hang themselves, they will hang you. That’s just the way they are and
wishing and hoping won’t change that predisposition. Quite simply, the blacks
are laughing at the foolish whites among other ‘rainbow’ colors:
PAPER: Obama's grandfather tortured by the British? A
fantasy (like most of the President's own memoir)... http://albertpeia.com/wobamaschoomgangfantasy.htm }
ALL TRUTH PASSES THROUGH THREE STAGES. FIRST, IT IS
RIDICULED. SECOND, IT IS VIOLENTLY OPPOSED. THIRD, IT IS ACCEPTED AS BEING
SELF-EVIDENT. --ARTHUR SCHOPENHAUER , http://albertpeia.com/40piecesevidenceusdecline.htm , http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm , http://albertpeia.com/50economicnumbersofuscollapse.htm , The Smartest Guys in the Room
Are Screaming "Get Out of the Markets!" Todd Harrison , It's Official: US Debt-To-GDP
Passes 100% Durden Mark Faber: "I Am
Convinced The Whole Derivatives Market Will Cease To Exist And Will Go To
Zero" Durden Morgan Stanley On Why 2012
Will Be The "Payback" For Three Years Of "Miracles" And A
US Earnings Recession Durden Wall
Street's Biggest Blunders in 2011 By Simon
Maierhofer | ETFguide , Tough Year For Stocks, Gold
And Treasury ETFs Did Better
Forbes , 'OBVIOUSLY UNSERVICEABLE DEBT TO WEIGH ON STOCKS IN 2012’ http://www.bullfax.com/?q=node-obviously-unserviceable-debt-weigh-stocks-2012 12/23/2011 By Chris Ciovacco , My Christmas Cards Predict
"Eternal Conflict" And "Economic Disaster" Forbes Robert
Lenzner , A Very Scary Christmas And An
Incredibly Frightening New Year http://theeconomiccollapseblog.com , Interbank Markets Are Telling Investors To Sell The
Rally … Again http://www.bullseyemicrocaps.com/?p=30070 12-23-11, In 2011, The S&P Moved 877
Times For Every Point Of Change Durden Core Durable, Capital Goods
Orders Miss Despite Inventory Stuffing, To Push Q4 GDP Lower; Savings Rate
Declines Durden So much for ending the year on a positive economic tone: today's November durable goods
number , while better than expected on a headline basis
including volatile transportation data coming at 3.8% on expectations of 2.2%,
was a big disappointment when looking at the core economic indicators such as
Durables ex-transportation and non-defense capital goods orders
ex-transportation, both of which missed IT IS YOUR
RESPONSIBILITY TO THINK. Q3 GDP: PROGNOSIS NEGATIVE http://community.tradeking.com/forum/categories/general/topics/8022-it-is-your-responsibility-to-think-q3-gdp-prognosis-negative/forum_posts by The Otter Way on December
22, 2011 , IF A GLOBAL RECESSION IS NOT LOOMING, THEN WHY ARE BAILOUTS FLYING AROUND
AS IF THE END OF THE WORLD IS COMING? http://www.theeconomiccollapseblog.com/archives/if-a-global-recession-is-not-looming-then-why-are-bailouts-flying-around-as-if-the-end-of-the-world-is-coming ‘I have learned that watching what people do is much more
important than listening to what they say. Back in 2008, financial
authorities in the United States insisted that everything was gone to be
okay. But we all know now that was a lie… , AP http://albertpeia.com - 12-22-11 - Well, here’s the story of
the fraud market in in a nutshell this day ‘YAHOO[BRIEFING.COM]: ‘…Shares of Micron
Technology (MU 6.41, +0.87) rallied 15.7% after the company
released a disappointing earnings report. The company announced a loss of $0.19
per share, $0.09 worse than the Capital IQ Consensus Estimate while indicating
revenues rose 20.9% year/year to $2.09 billion. The revenues number fell short
of the consensus estimate of $2.12 billion…’ … oh riiiiight! … the ‘Christmas
rally’ … fraudulent wall street’s ‘giving spirit’ … as in self-serving greed as
in prior pre-crash frauds … , Dave’s Daily:
http://www.etfdigest.com
12-22-11 ‘Markets are being well managed by the bulls. Jobless Claims
data was about the same as previously, but frankly how much is from people
finding some seasonal work and those losing benefits? The GDP data at a measly
1.8% isn’t very encouraging for this period in a recovery—it should be more
like 4%. Just as troublesome as the GDP data was that per-capita disposable
income is now reported to have been shrinking at an annualized -1.9% rate
during the third quarter. That’s a very bad sign. But for now we could just
ignore all the poor earnings we’re seeing recently and go with “the beard” over
the next week. After all global monetary authorities have indicated they’re
ready to back up all too big to fail financial institutions. The Bernank
confirmed his Keynesian bona fides by telling Americans to stop saving and
start spending. http://i238.photobucket.com/albums/ff171/flyfry/new%20album/image004-78.jpg Our good friends at Consumer Metrics have rendered
their critical and thoughtful judgment on current economic and consumer
data.All the hoopla over a payroll tax cut extension amounts to $80 total. And,
as Obama himself has pointed out, not doing this would negatively affect Friday
pizza nights—it’s pretty hilarious...’ , Final Q3 GDP Misses As
Personal Consumption Drops Big Durden PIMCO Releases 2012 Economic
Forecasts; Presenting The Wall Street 2011 Market Forecast Track Record Durden http://albertpeia.com/cyclicaloutlookdec2011.png , Death By a Thousand Cuts ilene 12/22/2011 , The Weather Outside: Still
Frightful The Wall Street Journal , U.S. Economy Grew Less Than
Previously Estimated in Third Quarter Wall St. Cheat
Sheet , http://theeconomiccollapseblog.com If A Global Recession Is Not
Looming, Then Why Are Bailouts Flying Around As If The End Of The World Is
Coming? , Getting Worse: 40 Undeniable
Pieces Of Evidence That Show That America Is In Decline , 50 Economic Numbers From 2011
That Are Almost Too Crazy To Believe , The Collapse Of The Euro, The
Death Of The Euro And The End Of The Euro , Child Poverty In America Is
Absolutely EXPLODING – 16 Shocking Statistics That Will Break Your Heart , Mega Fail: 17 Signs That The
European Financial System Is Heading For An Implosion Of Historic Proportions , The Tim Tebow Comeback Story
Continues But There Will Be No Miracle Comebacks For The U.S. Economy , Shocking Charts And Statistics
That Prove That America Is No Longer A Wealthy Nation , Greek "Voluntary"
Restructuring On Verge Of Collapse As Hedge Fund Vega Threatens To Sue Greece
For Excessive Haircut Durden , S&P Joins Moody's In
Downgrading Hungary To Junk, Outlook Negative - Full Note Durden , Guest Post: Legality Of MF
Global Asset Transfer Questioned Durden , Guest Post: Worse Than 2008 Durden , New Bill Authorizes Rendition
of American Citizens Living within the United States to Other Countries for
Torture
Durden , Has the Global Economy Been
Zapped by ZIRP? (Zero interest
rate policies – Yes!) Minyanville Eugene Linden Dec 21, 2011 , NAR reduces recent home sales
index 14.3% Dec 21st, 2011 (HousingWire) , Realtors Lower 2007-2010
Home-Sales Estimates by 14% The Wall Street
Journal , Getting Worse: 40 Undeniable
Pieces Of Evidence That Show That America Is In Decline The Economic Collapse | December 21, 2011 http://albertpeia.com/40piecesevidenceusdecline.htm , http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm , http://albertpeia.com/50economicnumbersofuscollapse.htm , 3 REASONS TO FADE TODAY'S RALLY http://www.bullfax.com/?q=node-3-reasons-fade-todays-rally 12/20/2011 By Plan B Economics #1. There are about 19 million empty
homes in America…#2. The housing starts growth is massively skewed to
structures with 5 or more units…#3… Today's rally was fueled by vapor… , Oracle Misses Earnings, Sales
Estimates, Stock Tumbles The Wall Street Journal , Ten Reasons To Fear And Loathe
Markets In 2012
Forbes Robert Lenzner #1. European Sovereign Debt .. #2.
The ramification for the US from Europe is a reduction of 1%
growth in US GDP.. #3. Continued pressure on the earnings and book values
of both European and US banks.. #4. Continued selling pressure on the
prices of key commodities.. #5. The imbecility of extending the payroll
tax deduction for only two more months.. #6. Residential housing market still
mightily impaired and not expected to recover for another 3 years.. #7.
Antipathy individual investor for long term equity investing.. #8. Expectation
reduction $1.2 trillion from US budget over next 10 years.. #9. Overall theme
of deflation, deleveraging can only mean lower asset prices.. #10.
Chance of social unrest in China, upheaval that affects move to consumer
economy, and lack of leadership from 10% of global economy.., We’ve Reached the End Game For
Central Bank Intervention
http://gainspainscapital.com December 19th,
2011 , Derivatives group spent $674K
lobbying in Q3 AP , PORTER
STANSBERRY OF STANSBERRY RESEARCH THE CORRUPTION
OF AMERICA The numbers tell us America is in decline... if not
outright collapse. http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm http://www.albertpeia.com/stansberrysinvestmentadvisory.flv , Banks Will Still Be
Under-Capitalized, UBS Does The LTRO Math Durden , Bill Gross: Enjoy The Santa
Rally - The Hangover Is Coming As "US Is Not An Island" Durden The Previously Unthinkable
Becomes A Planned Event
testosteronepit 12/20/2011 At all levels: preparations
for the collapse of the Eurozone. Even the public is now encouraged to prepare
for it. , Dave’s Daily:
http://www.etfdigest.com
ROBO SANTA SQUEEZES SHORTS December 20, 2011 , Speculation drives up food
prices as bankers gamble on hunger Guardian , Video Explanation Of How The
ESM Is Europe’s Uber-TARP On Steroids Zero Hedge , { Drudgereport: Investors Lose Faith in Stocks As Billions Pour Out
of Funds... DANGER: Fed asks banks to keep more cash at hand... IMF: World economy at a 'very dangerous juncture'... FED-EX guy chucks package over fence -- a computer
monitor! UK's AAA credit rating threatened by 'formidable
challenges'... , 'Miracle' if France keeps it... , The Denouement From Europe's
Debts Won't End Well Forbes , STOCKS BOOM AFTER EUROPE
SOLVES NOTHING: Here's What You Need To Know Business
Insider , Early – ‘Response: The Summit
Is A Failure ’ Durden 12/09/11 , Worries grow over IMF loans to Europe WASHINGTON
(Reuters) , Dave’s Daily
http://www.etfdigest.com BIG BANKS HIT December 19, 2011 ‘There are some really odd things occurring
– the eurozone naturally leads the list. Italy and Spain will contribute funds
they don’t have to the IMF, which then in turn will lend it back to them.
That’s something sillier than a Ponzi scheme…’ , Minyanville's T3 Daily Recap:
Banks Lead Market Decline as Europe Discusses Break-Up Contingencies Minyanville , STOCKS SLIDE AND BANKS GETS
CRUSHED: Here's What You Need To Know Business
Insider , Market Recap: Basel and Draghi
Drag Down Stocks Wall St. Cheat Sheet
, Bureau Of Labor Statistics
Caught Red Handed Leaking Confidential Employment Data Durden , Guest Post: Why Oil Prices Are
Killing the Economy Durden , Bank of America Lists The
"Other" Risks For 2012 Durden ‘..Bank of America has also put together yet another list
of "other" risks for 2012, which as BofA's Martin Mauro says,
"have persisted or become worse over the course of the year, but have
escaped market attention due to the spotlight on Europe." The risks .. i)
Hard landing in China; ii) Currency wars (competitive currency devaluation);
iii) Middle East oil supply shock and iv) Municipal default fears. The only
thing we would add is that these are not really risks, as they are all
developing processes in some stage of deterioration...’ , Gallup Finds Unemployment
Rises For Fourth Week In A Row, Cautions On BLS Data Durden Gallup, which unlike the BLS, does not fudge, Birth/Die, or seasonally
adjust its data, has just released its most recent (un) employment data . And it's not pretty: for all those hoping that the Labor Participation
Rate fudge that managed to stun the world a few weeks ago with a major drop in
the November jobless rate, don't hold your breath. Gallup which constantly
pools 30,000 people on a weekly basis, has found that for the past 4 weeks,
both underemployment and unemployment have risen for 4 weeks in a row. And
while the number of US workers "working part time and wanting full-time work"
one of the traditional short cuts to boosting US jobs has risen to almost a 2
year high, it is the Job Creation Index in December which plunged in the last
week, confirming that the Initial Claims data out of the BLS has been spurious
and is likely to revert back over 400k on short notice. In summary, here is how
Gallup debunks the BLS' propganda… ’, A Quick And Dirty Look At
Japan's Nearly Ą1 Quadrillion In Debt Durden , Santa Claus Is Not Coming to
Town, Says Technical Analyst (Bartels/Merrill Lynch) The Wall
Street Journal Gongloff ‘…Last week
the S&P 500 fell below its 50-day moving average, which is the new level to
watch — 1228. A failure to move above and hold the 50-day moving average
confirms to us that we have already begun to enter the phase of testing the
October lows near 1100-1074.This pattern is becoming eerily similar to 2008
into 2009. A base building process has been underway since August but we have
maintained the belief that the lows still need to be tested and undercuts to
985-935 are possible (50% probability) as part of this process…’ , ‘When "Positive Surprises" Are Surprisingly
Meaningless’ http://hussmanfunds.com/wmc/wmc111219.htm December 19, 2011 John P. Hussman, Ph.D ‘... As economist John Williams … An important point here is that almost no current investors have
experienced this more typical 1970's-type market setback. When one of these old
fashioned but typical declines occurs, professional investors, conditioned by
our more recent ephemeral bear markets, will have a permanent built-in
expectation of an imminent recovery that will not come. "For the record,
Exhibit 1 shows what the S&P 500 might look like from today if it followed
the average flight path of the 10 burst bubbles described above. Not very
pretty." http://hussmanfunds.com/wmc/wmc111219c.jpg We can't disagree, though I also
believe there still remains some short-run ability of policymakers to distort
market forces, to badly misallocate capital in the process, and to wreck the
economy more thoroughly in the long-run… FACING A GLOBAL ECONOMIC DOWNTURN In
the past few months, our own measures of economic risk have remained
persistently unfavorable.. The OECD publishes its own set of leading economic
indicators on developed and developing countries. Notably, we've never observed
deterioration to the extent that we presently observe, except when the U.S. was
in or entering a recession. http://hussmanfunds.com/wmc/wmc111219d.gif …’ , Psssst France: Here Is Why You
May Want To Cool It With The Britain Bashing - The UK's 950% Debt To GDP Durden While certainly
humorous, entertaining and very, very childish, the recent war of words between
France and Britain has the potential to become the worst thing to ever happen
to Europe. Actually, make that the world and modern civilization. Why? Because
while we sympathize with England, and are stunned by the immature petulant
response from France and its head banker Christian Noyer to the threat of an imminent S&P downgrade of
its overblown AAA rating , the truth is that France is actually
100% correct in telling the world to shift its attention from France and to
Britain. So why is this bad. Because as the chart below shows, if there is
anything the global financial system needs, is for the rating agencies, bond
vigilantes, and lastly, general public itself, to realize that the UK's
consolidated debt (non-financial, financial, government and household) to GDP
is... just under 1000%. That's right: the UK debt,
when one adds to its more tenable sovereign debt tranche all the other debt
carried on UK books (and thus making the transfer of private debt to the public
balance sheet impossible), is nearly ten times greater than the country's GDP…’
, Goldman's Take On TARGET2 And
How The Bundesbank Will Suffer Massive Losses If The Eurozone Fails Durden Two weeks ago in " Has The Imploding European
Shadow Banking System Forced The Bundesbank To Prepare For Plan B? " we
suggested that according to recent fund flow data, " the Bundesbank
wants slowly and quietly out. " , The MF Global Trade Is Not
Coming To (European) Town - Why The ECB's 3 Year LTRO Is The Latest Bailout
Flop Durden On Friday, as the Eurobond market was briefly soaring, we
attributed the move to sentiment
that was best captured by a note out of Morgan Stanley's govvie desk: " The carry trade
is happening, there is no doubt about it …, Things That Make You Go Hmmm -
Such As Europe's "Comprehensive Solution" Durden on 12/18/11 Five months ago, Zero Hedge first
boiled down the math of the European bailout as follows: " The Fatal Flaw In Europe's
Second "Bazooka" Bailout: 82 Million Soon To Be Very Angry Germans,
Or How Euro Bailout #2 Could Cost Up
To 56% Of German GDP." , Guest Post: America’s Iraq
Experience: Invasi-Eradicavi-Turbavi
Durden Julius Caesar
undoubtedly was showing off with his Veni-Vidi-Vici (I came, I saw, I conquered)
when referencing to his short war outside Zela (Zile) in Turkey over two
millennia ago. Similarly, if we were to use a short catchy-comment for
the almost nine years America has invested in its “Iraq Mission,” we would be
on target by condensing the US experience in also three Latin words, although
not as melodic this time: Invasi-Eradicavi-Turbavi
which sadly stand for, I invaded, I destroyed and I threw-into-chaos. No matter what the Pentagon and White House tell us, the fiasco in Iraq
likely stands as the most costly mistake in America’s history, a true Keystone
Kops type of political dark comedy. And it wasn’t a bad or flawed
decision by a singular moron or group of morons – Bush the Younger, Sadist
Cheney and Loquacious Rumsfeld composing the original warpath triumvirate,
together with two dozen equally deranged staff of their inner circles.
Unfortunately, this time Congress, together with a brainwashed public, closed
rank with an evil and criminal White House. So, whether the American
citizenry likes it or not… the Iraq conflict wasn’t just Bush’s war, but “the
peoples’ war,” a war with a dangerous aftermath yet to come, one we’ll likely
be paying for in the future with additional blood and treasure. , Newspaper Chaired By Private
Equity Head Shockingly Endorses Mitt Romney For President; Ron Paul On Jay Leno Durden A few hours ago the Des Moines Register threw its support behind the Bain
Capital founder, and the man now known to have actively destroyed any trace of his public
"service" before his 2007 Massachusettes office handover (with a
pending response to a Reuters FOIA, which will disclose just what it was that
Romney was so tenuously shredding)… , Graham Summers’ Weekly Market
Forecast (Deflation’s Back Edition)
http://gainspainscapital.com December 19th,
2011 The markets have entered a new round of deflation. The only asset class
that has yet to realize this is stocks… ,
Bank of
America 2012: The Worst is Yet to Come (TheStreet) , 7 Reasons The
S&P Will Close 2011 Below 1100 http://www.bullfax.com/?q=node-7-reasons-sp-will-close-2011-below-1100 12/16/2011 , DEBT IS ENDEMIC IN OUR
SYSTEM... AND THE DELEVERAGING WILL BE BRUTAL FOR BUSINESSES AND INVESTORS
ALIKE http://www.zerohedge.com/contributed/debt-endemic-our-system-and-deleveraging-will-be-brutal-businesses-and-investors-alike PCR 12/16/2011
‘.. Again, what’s happening in the US is NOT a garden-variety cyclical
recession. It is a STRUCTURAL SECULAR DEPRESSION. And the reason is that we are
currently witnessing the collapse of the greatest debt bubble of all time.
Indeed, 2008 was the first round of this. We’re now heading into the second
round in which entire countries will go bust. Remember, stocks were the last to
“get it” in 2008. They’re the last to “get it” today too. And when they finally
DO “get it,” (BUST)..’ , 50 Economic Numbers About The
US That Are "Almost Too Crazy To Believe" Durden The Economic
Collapse Blog does a terrific job of periodically putting together a
compilation of the scariest data points about the US economy. , Moody's Takes S&P's Place
- Downgrades Belgium By Two Notches To Aa3 Durden Net EUR Short Position Soars
To All Time Record, Implies "Fair Value" Of EURUSD Below 1.20, Or
Epic Short Squeeze Durden , Guest Post: Startling The
Global Community, Canada Withdraws From The Kyoto Convention Durden Fitch Revises French Outlook
To Negative Durden And The Euro Downgrade Hits
Just Keep On Coming, This Time Fitch PLACES BELGIUM,
SPAIN, ITALY, IRELAND, SLOVENIA AND CYPRUS ON RATING WATCH NEGATIVE Durden Fitch places Belgium, Spain,
Slovenia, Italy, Ireland and Cyprus on rating watch negative. Dec 16th, 2011
(Fitch Ratings) , Swiss Join Suffering as Europe
Crisis Ripples Dec 16th, 2011 (Bloomberg) , SEC charges ex-Fannie, Freddie
CEOs with fraud , All Over the World, People Are
Yanking Money Out of Stock Funds The Wall Street Journal , Richard (RJ) Eskow: Mr.
President, Stop Protecting Bankers From These Law Enforcement Officials (The Huffington Post) , Obama’s Depression Stephen Lendman | Obama
wrecked America’s economy to save giant Wall Street banks. , Out of Chaos, Order: Now IMF
Seeks Collective, World Bail-Out of Europe (that would be
good money after bad and wouldn’t succeed anyway since as with america, there
isn’t enough real value to do so – not goin’ to happen) The Daily Bell , Census data: Half of U.S. poor
or low income AP , 50 Economic Numbers From 2011
That Are Almost Too Crazy To Believe
The Economic Collapse , Downward Spiral Dec 16th, 2011 by News BY MOHAMED
EL-ERIAN (ForeignPolicy) — Europe entered the year with an acute emergency in
the periphery of the eurozone, the European Union’s elite 17-member club that
shares a common currency. Misdiagnoses and inadequate policy responses allowed
the contamination to travel sequentially from the outer reaches of the zone (Greece,
Ireland, and Portugal) toward its inner core.In this first of three morphings
in 2011, Italy and Spain were disrupted as interest rates soared, turning
liquidity concerns into solvency ones. France was then impacted, with its AAA
rating threatened by its exposure to the neighborhood’s problems. Then Germany,
Europe’s strongest economy and the one that everyone looks to for a solution,
had to contend with the embarrassing failure of a highly visible government
debt auction. …These are consequential developments whose impact will be felt
for years, and the latter is not limited to Europe. Virtually every country in
the world is exposed. [ source ] , Class Warfare Blowback:
Majority Of Americans Want Obama Out Durden Current Events Summarized In
Brilliant Art George Washington 12/16/2011 A picture is worth a
thousand words [ View archived file: http://www.albertpeia.com/currenteventsinart.htm ]
, Corporate
warnings bode ill for earnings NEW YORK (Reuters) , Dave’s Daily:
http://www.etfdigest.com STOCKS UNDER A CLOUD
OF DOUBT December 15, 2011 ‘Pundits keep talking things up but who’s left to
listen? We rallied initially on better economic data (below) but there’s a dark
cloud over the market and quadwitching is ahead Friday. Adding to the
uncertainty was influential Goldman Sachs strategist Jan Hatzius who commented:
"A reduction in the lending of foreign banks to U.S. counterparties could
have a meaningful impact on U.S. growth." He continued to assert that
ongoing upheavals in the eurozone could shave 1% off U.S. GDP growth which
frankly would put is in or near recession. And, per Hatzius, Goldman Sachs
estimates U.S. banks are exposed to (gulp!) $1.8 trillion of counterparty risk
from euro banks. Funny thing Bernanke and Geithner didn’t mention this to us. Further,
the OECD warned that 2012 will see a potential funding crisis for developed countries
with (cough!) $10.5 trillion in borrowing needs.Economic news was positive as
Jobless Claims were lower at 366K; however, inside the numbers things were
somewhat worse. Extended benefits increased by 322K and Continuing Claims rose
to 3603K from 3583K which isn’t encouraging. One could subsume the report
overall wasn’t that great but, it’s about the headlines baby! Empire Mfg Survey
increased to 9.53 from .61 which is positive. But again, inside the numbers
Prices Paid 24.42 versus 18.29 compresses margins and is potentially
inflationary. Speaking of inflation, the PPI increased to .3% from -.3%
previous…’ , The Fed's Intervention Didn't
Solve Anything... It Just Pushed the Collapse Back a Few Weeks by Phoenix Capital Research Australian Banks Given One
Week To Prepare For European “Meltdown” Zero Hedge | This time around, the warning is for real. , Must Read: Presenting The MF
Global Black Box: A Minute By Minute Breakdown Of The Doomed Broker's Last Week
On Earth Durden Moody's Turns To Canada:
Ontario Outlook Revised To Negative, "Softening Economic Outlook"
Cited Durden Revised EFSF Draft Shows
Italy, Spain Responsible For One Third Of European Bailout Funding Durden Fitch Downgrades 8 Global
Banks Including BNP, SocGen, BofA, Deutsche, And Morgan Stanley Durden China Export-Growth Officially
Slowing: Trade Deficit Coming? Durden China trims holdings of US
Treasury debt Dec 15th, 2011 (AP) , US Industrial production -0.2%
in Nov, below market expectations of +0.2%, vs +0.7% in Oct; cap use 77.8%. Dec 15th, 2011 , France Braces for Cut in AAA
Debt Rating as Noyer Takes a Swipe at Britain Dec 15th, 2011 (Bloomberg) , US initial jobless claims -19k
to 366k for week ended 10-Dec, well below market expectations, vs upward
revised 385k in previous week. USA GOLD , Fitch Downgrades a Bunch of
Banks, Including Bank of America and Goldman The Wall Street Journal , Businesses Preparing for Higher
Costs in 2012 The Wall Street Journal , Financial Crimes Up 47% Since
'08 Crisis: FBI Forbes ,
Citi Near Term Stock Forecast:
9300 In The DJIA; 985 In The S&P; Sees Chart Analogs To Pre-World War
Periods Durden Citi Predicts Gold At $3400 In
"The Next Two Years", Potential For Move As High As $6000 Durden , Game Theory Over: Bank Of
France's Noyer Says Britain Should Be Downgraded, Not France Durden , U.K. Unemployment Hits 17-Year
High Dec 14th, 2011 (The Wall Street
Journal) , For Europe, Only Way Out Is to
Break Up: Kyle Bass Dec 14th, 2011 (CNBC) , 9 Reasons Europe's Crisis is
Worsening Ron DeLegge-Editor , One in Three Money Managers
Sees Somebody Leaving the Euro Zone Next Year The Wall Street Journal , Italy’s Borrowing Costs Hit
Euro-Era High Dec 14th, 2011 (The Wall Street
Journal) , Market Recap: Stocks Decline
as Euro Drops Below $1.30 Wall St. Cheat Sheet , Existing Home Sales to Be
Revised Lower CNNMoney.com , Massive Downward Revisions
Imminent: National Association of Realtors Miscounted Millions Of Home Sales
Over Last Five Years Mac Slavo , Bailout Payback? Realtors
Double-Counted Home Sales For Last Five Years SadHillNews , Fitch Downgrades Credit
Agricole To A+, Outlook Stable Durden STOCKS SINK, OIL FALLS, GOLD
GETS KILLED: Here's What You Need To Know Business Insider Sam Ro , Gold Tanks, Headwinds Mount , Rewarding Henry Paulson's
Ethical Failures ETFguide Ron DeLegge’ , Bernanke Is "Very
Concerned" About Europe, Won't Bail Out European Banks Durden , SEC Cops Want to Fight U.S.
Judge ‘…In his ruling, the New York judge
denounced as "pocket change" a penalty agreed to by Citigroup…’, Germany Preparing Plans For
Commerzbank Bail Out Durden Following today's
end of day rumor being a dud (and non-existent due to the habituation nature of
the market), the closing news is more unpleasant than Europe would have liked
to set the overnight mood, and comes to us via the FT (yes, that FT), which
states that, as long speculated both here and elsewhere, "the German
government has begun preparations for a possible state bail-out of
Commerzbank." , "Guantánamo
Forever?" - Congress Passes $662 Billion Defense Bill, Aka The NDAA Durden 12/14/11 Congress just passed the National Defense Authorization Act in a
283-to-136 vote. 190 Republicans and 93 Democrats voted for; 43 Republicans and
93 Democrats voted "against." Prepare to be arrested, without charge,
simply because someone "up there" believes you engage in
"terroristy" stuff. Good luck proving them wrong.(How totally and
historically pathetic pervasively corrupt, defacto bankrupt america’s become in
its intractable decline and fall of historic proportion!) , Presenting The Three
Unscripted Sentences That May Have Cost Jon Corzine His Freedom Durden CME Executive Chairman Terry
Duffy Throws Jon Corzine Under The Bus, Implies The "Honorable"
Governor Lied Under Oath Durden , Europe Using US as Model to
Fix Debt Crisis: Bove Dec 13th, 2011 (CNBC) [Now you know
they’re done!] ,
Existing Home Sales Debacle,
As Larry 'Baghdad-Bob' Yun Confirms Overstatement Durden , The Real Unemployment Rate
Near 20% – Infowars Nightly News Infowars Nightly News | Aaron
Dykes breaks down the real unemployment figures that is killing the country and
economic growth that obama refuses to fix. , All That Glitters…Will Not
Solve Europe’s Debt Woes Dec 13th, 2011 (The Wall Street
Journal) ,
As Disenchantment With Idiocy
Surges, Ron Paul Support Soars Durden , EU Banks Selling ‘Crown
Jewels’ for Cash Dec 13th, 2011 (Bloomberg) , JP Morgan Stock Breaks Down On
News Company's Role As MF Global Lender To Be Probed Durden , MF's Corzine
said to know of customer fund misuse FOMC:
Global Financial Markets Pose Downside Risk to U.S. Economic Outlook , RALLY COLLAPSES, GOLD AND
BANKS GET HAMMERED: Here's What You Need To Know Business
Insider , Greece Apparently Even Worse
Off Than Realized, Hitting Euro, Stocks The Wall
Street Journal , “Big Brother is Eyeing Us –
For Good or Evil?” Durden , 17 Signs That The European
Financial System Is Heading For An Implosion Of Historic Proportions The Economic
Collapse 12/13/11 , Corzine testifies on fall of
MF Global (Washington Post) Corzine: It Was Those Darned
Robots WSJ [ Singing ‘the body electric’!
Riiiiight! The robots did it! Those churn-and-earn greedy robots! Damnable
robots! They’re the ones! Damn robots! Wow! Talk about criminally insane! ] …
Wow! Just when you thought you heard it all. This truly ranks with ‘my dog ate
my homework’ and is surely destined to become a classic. MF Global CEO Jon Corzine: ‘I
simply do not know where the money is’ Former U.S. senator, N.J.
governor .. (WP), Evolution Securities Warns Of
“Total Carnage And Meltdown” As European Bank Sales Of CDS On European
Sovereign Debt Soar Zero Hedge | As much as we hate to say
it, Europe is now without a shadow of a doubt the new AIG. , CFOs Less Optimistic About
2012 Growth
The Wall Street Journal , "The Inmates Don’t Know
It’s An Asylum" , Coming Collateral Crunch
Charted , The $30 Trillion
"Problem" At The Heart Of Shadow Banking - A Teaser Durden Algo Liftathon Saves The Day
But Financials Falter Durden , The European Death Spiral , French Downgrade - Even More
Likely Than Yesterday , Guest Post: Headwinds For
Housing , $32 Billion 3 Year Bond Prices
At Second Lowest Yield Ever, Highest Bid To Cover On Record , Richard Koo On Why Europe's
Austerity Will Cause Deflationary Spiral Durden , Cashin On The Anniversary Of
Bank Of The United States’ Failure, The Start Of US Bank Runs And The Great
Depression Dec 12th, 2011 (UBS-via ZeroHedge) , Fitch Warning Shot Knocks
Stocks Lower The Wall Street Journal , STOCKS TANK AND EUROPE IS
STILL IN CRISIS: Here's What You Need To Know Business Insider , Minyanville's T3 Daily Recap:
S&P Slips 1.5% on Euro Jitters, Ratings Warnings Minyanville , So Much For That Summit,
Markets Have No Faith In Euro Deal Forbes , Market Recap: Stocks Sharply
Lower on Doubt Over Europe’s Crisis Plan Wall St. Cheat Sheet , Pain May Not Be Over for U.S.
Banks Reuters , SLOW MOTION CRASH DEVELOPING Dave’s Daily:
http://www.etfdigest.com , Wall Street
tumbles on Europe, Intel's outlook (Reuters) , ETF Insider: Stay On The
Defense ETF Database , THE ROAD NOT TAKEN: GLOBAL ECONOMY ON THE BRINK http://www.safehaven.com/article/23606/the-road-not-taken 12/10/2011 By David Knox Barker The Tim Tebow Comeback Story
Continues But There Will Be No Miracle Comebacks For The U.S. Economy The Economic Collapse December 12, 2011 , The Gold
"Rehypothecation" Unwind Begins: HSBC Sues MF Global Over Disputed
Ownership Of Physical Gold Durden
12/09/11 , Forget Europe… Germany’s Got
Its Own Problems to Deal With
http://gainspainscapital.com 12/09/11 , Bailout Total: $29.616
Trillion Dollars Dec 9th, 2011 (TheBigPicture) — There is a fascinating
new study coming out of the Levy Economics Institute of Bard College. Its
titled “$29,000,000,000,000: A Detailed Look at the Fed’s Bail-out by Funding
Facility and Recipient” by James Felkerson. , The Shriveling Middle Class In
California testosteronepit : 12/09/2011
California on the way to a banana republic. , Evolution Securities Warns Of
"Total Carnage And Meltdown" As European Bank Sales Of CDS On
European Sovereign Debt Soar Durden , The Worldwide
Depression/Recession Of 2012 Econophile 12/08/11 Daily
Capitalist , Are Dim Sum Bonds The Next
Chinese Reverse Merger Fraud? Durden While Draghi somewhat shut the door on
the ECB being the lender of last resort today, there appears to be a sucker-of-last-resort where Dim Sum bonds (offshore/HK Yuan-denominated bonds) have seen issuance almost triple in the first 11 months of the year , Risk Assets Deteriorating
Rapidly On Europe's SNAFU Durden , And Scene: Europe Agrees To
Disagree, Next Summit Date Set For March 2012 As David Cameron Kills Compromise Durden , STOCKS GET SLAMMED AFTER BIG
ECB DISAPPOINTMENT: Here's What You Need To Know Business Insider 12-08-11 , Last Minute Summit Mutiny
Threatens The Future Of The Euro; And Why A Wholesale S&P Downgrade Of
Europe Will Be Devastating Durden
A day when everything that could go wrong for the euro and eurozone has
just gotten worse. , Europe Must Swallow ‘Bitter
Pill’ Dec 8th, 2011 (CNBC) The Misery Continues: Complete
November Hedge Fund Performance Durden , Fourth Time Is The Charm:
Texas Instruments Slashes Outlook... Again , Snapshot Of Pure Market Lunacy , Guest Post: Another Reason for
Stocks To Tank In 2012: Jobs , Euro Crisis Will Only Get
Worse And Do Serious Damage To Investors Forbes Martin , Hope You Enjoyed That Run of
Happy Economic Surprises, Because It's Probably Over: Barclays The Wall Street Journal , This Week's EU and ECB
Meetings Can't Fix Europe or US Stocks Minyanville Jeffrey Miller Dec 08,
2011 , Corzine: It Was Those Darned
Robots The Wall Street Journal [ Singing
‘the body electric’! Riiiiight! The robots did it! Those churn-and-earn greedy
robots! Damnable robots! They’re the ones! Damn robots! Wow! Talk about
criminally insane! ], SPX
Update: Market Still Looks To Be Forming a Top Jason Haver Dec 06, 2011 ‘In conclusion:
It remains a trader's market, as so far every break of important support or
resistance has led nowhere. I continue to favor the bearish short-term
resolution, as well as the bearish long- and medium-term views’ , 4 Reasons to be Bearish thetechnicaltake 12/07/11 .. resistance..
recession..intermarket headwinds..’ S&P Warns It May Cut Most
European Banks, European Union Itself Durden on
12/07/11 Not sure why the market is surprised by this, but it is.
, Jump Risk Jumps After American
Bankruptcy, Sends Junk Plunging As Major Debt Refi Cliff Approaches Durden 12/07/11 , S&P At It Again, Warns EU,
Large Eurozone Banks of Downgrades Dec 7th, 2011 (Barron’s) , In Past Week Americans Pull
The Most Money From Stock Market Farce Since US Downgrade, Despite Market Surge Durden 12/07/11 , Marc Faber: "I Have A
Very Special Stock Tip For You. The Symbol Is G-O-L-D" Durden 12/07/11 …considering the ridiculousness of the market over the
past two weeks when it has gone up on nothing but lies, Faber just may have a
point. , ‘No Way’ Europe Will Hold
Itself Together: CIO CNBC | “Europe is in a terminal phase
of its life.” , Europe Is Setting Itself Up
For A Decade-Long Recession Global Economic Intersection , Why The UK Trail Of The MF
Global Collapse May Have "Apocalyptic" Consequences For The Eurozone,
Canadian Banks, Jefferies And Everyone Else Durden 12/07/11 In an oddly
prescient turn of events, yesterday we penned a post titled "Has The Imploding European
Shadow Banking System Forced The Bundesbank To Prepare For Plan B ?" in
which we explained how it was not only the repo market, but the far broader and
massively unregulated shadow banking system in Europe that was becoming
thoroughly unhinged, and was manifesting itself in a complete " lock up in
interbank liquidity " and which, we speculated, is pressuring the
Bundesbank, which is well aware of what is going on behind the scenes, to
slowly back away from what will soon be an "apocalyptic" event , Read This and Tell Me Germany
Wants a Monetary Union 12-7-11 http://gainspainscapital.com ‘I’ve stated before that I fully believe
Germany will be leaving the Euro. , "This Time Will Not Be
Different": Interactive Chart Of Market Reactions To All Prior 2011
Eurozone Summits And Meetings Durden Pivot Capital On China's
Investment Boom (And Pending Bust) Durden
12/07/11 , What’s wrong with this
picture: Wall St
rises on EU summit hopes Asia climbs
ahead of European meetings [Riiiiight! Addicted to hopium? Déjŕ vu
all over again? This is beginning to be beyond ridiculous. There is no viable
solution beyond their disingenuously, meretriciously saying so amidst the
typical spin and b***s*** to froth the markets! ] , RALLY FIZZLES OUT AFTER HOT
RUMOR FROM EUROPE: Here's What You Need To Know Business
Insider ‘ The second day of Europe's hell
week was relatively quiet until another rumor sparked markets
during late trading. , S&P Puts 15 Euro Nations
on Downgrade Watch Wall St. Cheat Sheet ‘… The outlook
change is “disastrous for Europe”…’ , Is the Fed Leaking Again? http://gainspainscapital.com , S&P says EFSF could be
downgraded (Reuters) , Tremors from a euro collapse
would be global, with U.S. recession likely (Washington
Post) , Bloomberg Fires Back At
Bernanke's Blustering Rebutall Durden ‘ It appears 'It
Is On' as Bloomberg offers its well-reasoned and eloquent response to Mr.
Bernanke's 'egregious errors' note to Congress.’ , Guest Post: A Very Subtle Form
Of Theft Durden .. Bernie Madoff
.. ran one of the largest private-sector Ponzi schemes in history and always
heeded the golden rule of financial scams: make sure your inflows are greater
than your outflows. He was finally done in when redemptions exceeded new
investments. He didn’t have enough cash to pay out investors, and he wasn’t
able to scam more people into paying in to the scheme. As a result, Madoff
finally had to admit that the whole thing was a total fraud. Governments around
the world are in similar situations right now with their own public sector
Ponzi schemes. Faced with failed auctions, declining demand, and rising yields,
politicians are having to resort to desperate measures. Like any good scam
artist, they’re appealing to the masses first; all over Europe, governments are
sponsoring new marketing campaigns suggesting that it’s people’s patriotic duty
to buy government debt. , Has The Imploding European
Shadow Banking System Forced The Bundesbank To Prepare For Plan B? Durden While much has been said about the vagaries in the
European repo market elsewhere, the truth is that the intraday variations of
assorted daily metrics thereof indicate three simple things: a scarcity of
quality assets that can be pledged at various monetary institutions in exchange
for cash or synthetic cash equivalents, a resulting lock up in interbank
liquidity, and above all, a gradual freeze of the shadow banking system..we may
be experiencing the attempt by the last safe European central bank - Buba - to
disintermediate itself from the slow motion trainwreck that is the European
shadow banking (first) and then traditional banking collapse (second and last).
Because as Lehman showed, it took the lock up of money markets - that stalwart
of shadow liabilities - to push the system over the edge, and require a
multi-trillion bailout from the true lender of last resort. The same thing is
happening now in Europe..’ , Layoffs
Watch ’11: Citi Social Security 2011 – Another
Bad Year Krasting , HUGE RALLY CUT IN HALF AFTER
EUROZONE RATINGS BOMBSHELL: Here's What You Need To Know Business
Insider Sam Ro’ Europe's hell week begins with
new EU treaty proposals and reports of an S&P ratings action bombshell…U.S.
economic data was largely overlooked during this morning's rally. The ISM
services number unexpectedly fell to 52.0 , missing the
expectation of an increase to 53.9. This also compares to last month's
number of 52.9. October
factory orders fell 0.4% , which was slightly worse than the 0.3%
decline expected. September factory orders were revised sharply lower…’
, Confirmed: Not Just AAA
Nations, but *All 17* Euro Nations to Be Put on Notice for Downgrade The Wall
Street Journal , Standard & Poor’s Puts
Ratings On Eurozone Sovereigns On CreditWatch With Negative Implications Dec 5th, 2011
(Standard & Poor’s) , Graham Summers’ Weekly Market Forecast (Fade the Fed?
Edition) December 5th, 2011
‘Equities got giddy last week when the world’s central banks, lead by
the US Federal Reserve, lowered the global cost of borrowing Dollars.
Regardless of the market’s reaction, the whole thing smells of desperation and
quite frankly, everyone should be questioning the Fed’s move…The IMF, Bank of
England, and others have warned of a systemic collapse… do you think they’re
doing this for fun?Many investors will have their portfolios wiped out in the
coming carnage. It could be next week, or it could take place next year… but we
ARE heading into a Crisis that will be worse than 2008…’ , Gallup Finds Recent Job Boost
Due To "Temp And Part-Time" Hiring; Underemployment Greater Than
Prior Year Durden While the BLS
unemployment number, fudged strategically to lower the denominator, or the
total labor force, may have come well better than expected (as somehow
miraculously ever more people find the shadow economy a more hospitable place
where to make their money and drop off the BLS roll forever) we once again go
to that trusty fallback, the monthly Gallup poll of underemployment. What we
find here is rather different from what the BLS, and the administration would
like us to believe, namely that "underemployment, a measure that combines
the percentage of workers who are unemployed with the percentage working part
time but wanting full-time work, is 18.1% in November, as measured by Gallup
without seasonal adjustment. That is up from 17.8% a month ago and
17.2% a year ago. " Said simply, "many employers appear to have
chosen to hire part-time rather than full-time employees for this holiday
season." , Solyndra Schadenfreude As
Goldman Sachs Played Key Role Durden While we are not completely shy of saying we-told-you-so,
in the case of the players in Solyndra's fantastic rise and fall, we are more
than happy to. Back in September and this evening MarketWatch (and DowJones
VentureWire) delves deeper and highlights how the squid
has largely stayed out of the headlines (what's the opposite of
lime-light?) in this case despite its seemingly critical assistance and support
from inception to pre-destruction. Goldman's involvement in Solyndra, and
its lofty valuation projections, lent credibility to the company and helped
rouse investor interest and it was this private interest that was cited by DoE
officials as a considerable factor in its loan guarantee program. As we said
before, anywhere you look, Goldman has been there and left its mark...’ , The Black Friday Shopping
Hangover Is Coming: David Rosenberg Explains Durden Here Comes The S&P
Downgrade Barrage - Full Statement, In Which S&P Says France May Get Two
Notch Downgrade Durden Jeremy Grantham Releases The
Scariest Market Forecast Yet Durden MUST SEE – Bernanke’s Stealth
Bailout For Wall Street Kept Secret From Congress Daily Bail | Bernanke
runs his own private dictatorship. , How The U.S. Will Become a 3rd
World Country (Part 2) Hera Research | The United
States is quickly coming to resemble a post industrial neo-3rd-world
country., SPX Update: Topping Again? Minyanville Jason Haver Dec 02, 2011 ‘The market is
giving several signals that a top may be near… In conclusion, I remain medium
and long term bearish.’, Number of Jobless Without
Benefits Grows Dec 2nd, 2011 News ‘… The decline in unemployment was driven
in part by the disappearance of some 315,000 people from the labor force. If
they haven’t looked for work in the past four weeks, they’re not counted as
unemployed… the Labor Department estimated that as of November, a seasonally
adjusted 6.6 million people considered not in the labor force actually did want
work. That number was up 192,000 from October…’ Economy Creates 120,000 Jobs,
Rate Tumbles to 8.6% Dec 2nd, 2011 (CNBC) PG View : Slate columnist Matt Yglesias tweeted
this shortly after the jobs report came out: “Decreasing unemployment by
shrinking the labor force is not exactly winning the future.” , How The U.S. Will Become a 3rd
World Country (Part 2) Durden The United States increasingly resembles
a 3rd world country in terms of unemployment, lack of economic opportunity,
falling wages, growing poverty and concentration of wealth, government debt,
corporate influence over government and weakening rule of law.’ , EUR Shorts Surge, Back To 17
Month Highs As Bearish Sentiment Returns Durden 12/02/2011 , Bob Janjuah Explains Why The
Worst Is Still Ahead Of Us Durden 12/02/2011 , America To Go The Way Of The
Roman, British Empires Forbes
Robert Lenzner , Forbes Staff
, A Hedge Fund Insider Explains
Why Retail Investors Should Flee The Stock Market Durden , THE MARKET IS MISREADING ECONOMIC DATA
-- IT'S TIME TO GET SHORT
http://www.bullfax.com/?q=node-market-misreading-economic-data-its-time-get-short 12/01/2011 The Independent Investor , Chinese manufacturing activity
slows Dec 1st, 2011 (Financial Times) , US initial jobless claims +6k
to 402k for the week ended 25-Nov, above mearket expectations of 390k, vs
upward revised 396k in previous week. Dec 1st, 2011
, Another
Confirmation of the Solvency Crisis Masquerading as a Liquidity Problem Atlantic Capital Management Dec
01, 2011 ‘The Federal Reserve is once again reaching into its controversial
"unconventional" toolkit -- meaning stocks are, for now, celebrating
the near meltdown of modern global banking. , SPX
Update: Ben Bernanke Lends Money, Saves the World? Jason Haver Dec 01, 2011 ‘At this point, despite the massive
three-day rally, there are still a few unanswered questions. I remain medium
and long term bearish, while the short-term picture has become a bit clouded.’
, What Does the Fed Know That We
Don’t? 12-01-11 The thought that should be
on every investor’s mind today is “Why did the Fed have
to stage the coordinated intervention yesterday?’ Put another way, what exactly does the Fed know that we don’t? The whole thing
smells fishy to me. Aside from the fact that the Fed clearly leaked its
intentions as early as Monday night (hence the reason stocks rallied while
credit markets weakened), there’s something peculiar about the fact the Fed
chose to do this at the end of November. Why November 30? Why not today or
Tuesday?I think the answer is that the Fed stepped in to help its institutional
investor/ hedge fund buddies.’ BofA, Goldman Sachs, Citigroup
Credit Ratings Cut by S&P Nov 30th, 2011 (Bloomberg) , Planned layoffs surpass 2010
total CNNMoney | Cuts
announced this year are up 13% overall. , The Easy Fix? Can Europe Print
Its Way Out of Trouble? ETFguide ‘the long-term outlook is as dark as night
inside the Grand Canyon…’ , Global Coordinated Desperation
and the December to Remember Breakdown
Minyanville Michael A. Gayed ‘ With global
central bank desperation (I mean coordination) announced this morning and the
big jump up in risk assets…’ , The Fed is So Predictable Chris Celi 11/30/2011 The
Fed is becoming a gigantic waste basket of bad assets. Waste baskets do not
have infinite capacity. Central Banks’ Latest Move
Shows Desperation George Washington 11/30/2011 Hey, at least a handful of
Ben's buddies will make a bundle ... Deflation is coming South of Wall Street 11/30/2011 It isn't avoidable , Don't Be Foolish, Sell the
Next Key Level In the S&P 500
Forbes/Troccoli ‘http://blogs-images.forbes.com/thechartlab/files/2011/11/spafter.png , Wall Street Watch: S&P
Cutting Spree, Germany Faces Recession Wall St. Cheat
Sheet , AN UNCONVINCING RALLY http://www.istockanalyst.com/finance/story/5571238/an-unconvincing-rally By: Cam Hui , BANK DOWNGRADE RAMPAGE:
Goldman, Bank Of America, Morgan Stanley, Wells Fargo, And Citigroup Just Got
Cut By S&P Business Insider | Standard & Poor’s ratings service
just cut the ratings of Goldman Sachs, Bank of America, Morgan Stanley and
Citigroup from A to A-. , China Manufacturing Contracts
As New Export Orders See Biggest 2 Month Drop Since Dec2008 Durden
11/30/2011 - UPDATE : HSBC China
Manufacturing PMI prints at 47.7, deteriorating at fastest rate (and lowest
level) in 32 Months , Goldman On Today's Coordinated
Central Bank Bailout: "It Isn’t Enough To Save Anyone Or Solve
Averything" And "Why Now?" Durden 11/30/2011 , The Punch Line: "Crash
Test - Bracing For Breakup" Durden 11/30/2011
, For The First Time In History,
Fed Will Buy AND Sell Treasurys At The Same Time On Friday Durden 11/30/2011 , Egan Jones Downgrades France
From AA- To A; Negative Watch, Sees Debt/GDP Rising From 91% to 117% By 2013 Durden 11/30/2011 , Of Imminent Defaults And Self
Deception. Kyle Bass Prepares For The Worst Durden 11/30/2011 In his latest
letter to LPs, Kyle Bass of Hayman Capital Management , offers his
tell-tale clarity on what may lie ahead for Europe and
Japan . With his over-arching thesis of debt saturation becoming more
plain to see around every corner, Bass bundles the simple (and somewhat
unarguable) facts of quantitative analysis with a qualitative perspective on
the cruel self-deception that we all see and read every day about
Europe.Whether it is Kahneman's "availability heuristic" (wherein
participants assess the probability of an event based on whether relevant
examples are cognitively "available"), the Pavlovian pro-cyclicality
of thought, or the extraordinary delusions of groupthink, investors in
today’s sovereign debt markets can't seem to envision the consequences of a
default . , Fed Economists Predict A 15
Year Bear Market For Stocks News (BusinessInsider) , http://www.economist.com/content/global_debt_clock is ticking! ,
Senate Passes Bill Allowing
Indefinite Detention of Americans ... Considers Bill Authorizing More Torture George Washington : 11/29/2011 - 20:53 USA, USA, USA ...
Number One in ... cough ... Fascism ... cough , SPX
Update: Sell the Bounce Jason Haver Nov 29, 2011 ‘This bounce might not last long,
and new lows are expected to follow ., BANK DOWNGRADE RAMPAGE:
Goldman, Bank Of America, Morgan Stanley, Wells Fargo, And Citigroup Just Got
Cut By S&P Business Insider | Standard & Poor’s ratings service
just cut the ratings of Goldman Sachs, Bank of America, Morgan Stanley and
Citigroup from A to A-. , Foreclosure Fraud | Lender Processing
Services Robo-signer Whisleblower Found Dead in Nevada 4closureFraud : 11/29/2011 ,
You Cannot Build a Financial
System on Rumors and Lies
http://gainspainscapital.com November 30th, 2011 ‘This act is getting old.Almost every other
day we’re getting rumors about new bailouts and interventions in Europe. All of
these rumors turn out to be total lies as they are refuted usually within a day
and sometimes within a few hours.Case in point, stock futures erupted overnight
on Sunday on rumors that Italy would be getting a 600 billion euro bailout from
the IMF. Just a few hours later this story came out: IMF denies in
Italy aid talks…’ , Minyanville's T3 Daily Recap:
S&P Ekes Out Gain; Has the Oversold Bounce Run Its Course? Minyanville T3Live.com Nov
29, 2011 ‘Although we are significantly higher than Friday's close, the
intraday action has been extremely lackluster, suggesting that there is more
downside to come from here. , S&P Hits Biggest US Banks With Credit
Rating Downgrades http://albertpeia.com/s&previsedratingscriteria.htm WSJ Gongloff November 29, 2011 , Presenting Russell Napier's
Greatest Hits Durden 11/20/2011 ‘... Russell Napier:
the renowned financial historian and consultant for CLSA, as well as author of
the engrossing Anatomy of the Bear , who only
together with Albert Edwards, has predicted that the S&P would eventually drop to 400 …’ , Problem
With Germany And China: Who Bails Out The Bailers? [‘.. Another downgrade of U.S. sovereign debt is a “certainty,” he adds. “It’s
only a matter of when.”..’ U.S. economic
conditions are “terrifying,” Mohamed El-Erian said yesterday..’ ] Nouriel Roubini: Government
Gridlock ‘Ensures’ 2012 Recession Daily Ticker - Nov 23, 2011 , $707,568,901,000,000: How (And
Why) Banks Increased Total Outstanding Derivatives By A Record $107 Trillion In
6 Months Durden 11/26/11 , Nothing's
Changed: Italy and the December to Remember Breakdown Michael A. Gayed Nov 28, 2011 ,
2011 Looking a Lot Like 2008:
Technical Analyst The Wall Street Journal Shipman , New World Disorder - Watch the
Stock Market Ilene 11/27/2011 If the mid-summer sell signal of 2011
plays out similarly to the one in 2008, there may be a long, dramatic decline
straight ahead. , How the European End Game Will
Play Out November 29th, 2011 | http://gainspainscapital.com ‘With the European End Game now in sight,
the primary question that needs to be addressed is whether Europe will opt for
a period of massive deflation, massive inflation, or deflation followed by
inflation. , EURO FIX RUMORS November 28, 2011
Dave’s Daily:
http://www.etfdigest.com Markets rallied sharply on little hard
news Monday beyond rumors. , Britain's Foreign Office
Prepares For Riots In Europe; Sees Euro Collapse "When, Not If" Durden , Stocks
Finish Monday Near Highs But Rally Looks Limp Fitch
Affirms US as AAA, But Cuts Outlook to Negative , The desperation of
Black Friday — Salon http://www.youtube.com/watch?v=jYeDRKB1RXw&feature=player_embedded#t=0s ‘...That is not a portrait of healthy economic activity. That is
desperation, pure and simple. The story of the woman who sprayed her fellow
Xbox shoppers with pepper spray is bad enough, but nothing quite captures
what’s wrong with Black Friday better than this Lord of the Flies-style barbaric waffle-maker
anarchy…’ [Come On! Wake Up! More
stores open, earlier, larger loss leaders / markdowns, as desperate as the
desperate desperados who got their ‘shopping’ in early, at best. The spin is
toal b***s***! Even the great depression didn’t bespeak this great desperation!
The desperation of Black Friday — Salon http://www.youtube.com/watch?v=jYeDRKB1RXw&feature=player_embedded#t=0s ‘...That is not a portrait of healthy economic activity. That is
desperation, pure and simple. The story of the woman who sprayed her fellow
Xbox shoppers with pepper spray is bad enough, but nothing quite captures
what’s wrong with Black Friday better than this Lord of the Flies-style barbaric waffle-maker
anarchy…’ Drudgereport: FITCH TURNS NEGATIVE ON US Germany told it must act to save Europe…[ Who’s goin’
to save Germany? ]... Impassioned plea for continent to avoid
'apocalypse'... , Warned of 'highly devastating outcomes'... , Just days until collapse? ] , Italian Bond Yields Doubled in
Latest Bond Auction Wall St. Cheat
Sheet , Sliding
Incomes Threaten Consumer Spending , Moody’s Downgrades Hungary to
Junk Wall St. Cheat
Sheet , Global Stock Markets Remain in
Structural Bear Markets Minyanville NextBigTrade.com Nov 25, 2011 , Euro on ‘Death Watch’ After
Investors Spurn German Bonds CNBC.com , Stocks Extend Longest Drop
Since 2008 on Debt Bloomberg , STOCKS GO NOWHERE AND EUROPE
GOES DEEPER INTO CHAOS: Here's What You Need To Know Business Insider Sam Ro , The Global Economy is in Big
Trouble The Economic Collapse | The global
economy is heading for a massive amount of trouble in the months ahead , European Banks Frantically
Trying To Dump $7 Trillion Of Crap Assets — But No One Will Buy Them Business Insider , European Bailout Time Of
Death: EFSF Cut In Half Due To “Market Conditions” Zero Hedge , Experts: ‘Euro to be Scrapped
within Months’
Nov 25th, 2011 (IBTimes) , S&P downgrades Belgium one
notch to AA+ citing financial sector risks. Outlook remains negative. Nov 25th, 2011 , Guest Post: Just A Holiday
Reminder - Black Friday Is Utterly Meaningless Durden , "Disastrous"
bond sale shakes confidence in Germany Why Europe Will Result in
Systemic Risk November 23rd, 2011 ‘..These leverage
levels alone position Europe for a full-scale banking collapse on par with
Lehman Brothers. Again, I’m talking about Europe’s ENTIRE
banking system collapsing. This is not a question of
“if,” it is a question of “when.”..’ , STOCKS GET SMOKED, EUROPE
BURNS, AND BANKS ARE STRESSED: Here's What You Need To Know http://www.businessinsider.com/closing-bell-23-2011-11 Sam Ro Business Insider , Euro Tumbles As JPM Predicts
ECB Rate Cut To 0.50%, “Deep Euro Area Recession” Zero Hedge , Euro on ‘Death Watch’ After
Investors Spurn German Bonds CNBC.com , Are
Parallels to the Great Depression Catching Up for Good? [ Short answer: Yes! And, in a new, modern,
and in light of insurmountable debt levels and fraud at lightning computerized
speed, a far more deleterious way. ]’.. Time is running
out. Italian 10-year debt yields are once again above the sustainable level of
7%, while Spain…’ , Euro crisis: The screw tightens — Free
Exchange , DATA
SUMMARY SHOWS THE US ECONOMY IS IN JEOPARDY [ Duh! Ya think?
] Jeff Harding Nov
23, 2011 ‘..I have what I believe is a healthy skepticism about the reports
from the multitude of federal agencies that I follow on a regular basis. They
are often revised and probably understate the negatives. That is especially so
with price inflation. Many of the reports are in nominal numbers rather than
adjusted for official price inflation..’
, Goodnight Stocks: Waiting For
The Crash To Arrive
http://www.bullfax.com/?q=node-goodnight-stocks-waiting-crash-arrive By Eric Parnell 11/22/2011 , Spanish Bond Yields Surge to
Record High Wall St. Cheat Sheet , Germany Walks… or the EU Sees
a Domino Debt Collapse Followed by Systemic Failure http://gainspainscapital.com November 22nd,
2011 , MF Global trustee says $1.2
billion missing from company Reuters | The shortfall of commodity
customer funds at MF Global Holdings Ltd may be around $1.2 billion. , Pimco’s El-Erian Says U.S.
Economic Setting ‘Terrifying’ Nov 22nd, 2011 (Bloomberg) , Deep economic pain ahead for
the U.S. and the world: Simon Hunt Nov 22nd, 2011 (HousingWire) , ‘The Sky Will Fall In’ for
Europe; US Key to Growth: Bank Chairman [ Which means:
‘They’re doomed; ‘cause pervasively corrupt, defacto bankrupt america is an
economic, financial, and political basket case, at best!’ ] Nov 22nd, 2011
(CNBC) , TIME Asks Can the U.S. Federal
Reserve Help Save Europe’s Banks? TIME | The U.S. Federal Reserve
has been pumping billions of dollars into the European banking system in recent
weeks. [ Come on! Get real! Who’s going to save the fed? ] , Jim Grant: “Central Banks Are
Insolvent” Daily Bail | Holy
insolvency Batman: the ECB is leveraged 14 to 1, and the Fed is leveraged 100
to 1 , As the World Crumbles: the ECB
spins, FED smirks, and US Banks Pillage Nomi Prins , Stock Market Still Broken,
Technically The Wall Street Journal Steven Russolillo and Tomi Kilgore ‘The technical indicators are not looking
good for the stock market these days , Greece Just 20 Days Away from
Default Wall St. Cheat Sheet , Economy Grew Less Than
Previously Estimated in Third Quarter Wall St. Cheat
Sheet [You may recall the ‘market pop’ on what I previously referred to as
dubious then and now known to be false data / reports; which, in this ‘election
cycle’, is the typical political desperation underlying these complicitly
fraudulent markets. And, be advised that inflation is way beyond what’s
reported, and contrary to spin, that’s a very bad thing.] , Dave’s Daily: http://www.etfdigest.com WHEN KEYNES
POLICIES AND POLITICIANS FAIL , Will The Deficit Super
Committee Failure Lead to Another Meltdown? ETFguide Maierhofer 11-21-11’… According to
the formula the down side potential is simply massive…’ , Japan's Kokusai Liquidates
Remainder Of Euro Sovereign Exposure, Just As European Primary Issuance Supply
Surges Durden ‘… the following update from Morgan
Stanley shows, things are getting from from bad to worse…’ , Moody's Says No To
Congressional Can-Kicking The Wall Street Journal { Yet
watch for Moody’s can-kicking, based on, quid pro quo?, hope?, etc.. } , STOCKS GET SLAMMED, EUROPE
GETS WORSE, BANKS AND GOLD GET CRUSHED: Here's What You Need To Know Business
Insider , Something Big Is Coming... and
It's Going to Be BAD Phoenix Capital... 11/18/2011 We have
been getting MAJOR warning signs of a collapse for months now. No less than the
Bank of England, the IMF, and legendary asset management firm Franklin
Templeton have warned…’ , One Interesting Thing About
the Leading Indicators Report
The Wall Street Journal (Fri, Nov 18) { How about the most
interesting thing about ‘leading economic indicators’ is the weighting accorded
M2 and stock prices… , The next financial crisis will
be hellish, and it’s on its way
http://news.yahoo.com/next-financial-crisis-hellish-way-204303737.html Addison Wiggin | Forbes 11-16-11 "There is definitely going to be
another financial crisis around the corner," says hedge fund legend Mark
Mobius, "because we haven't solved any of the things that caused the
previous crisis." , House rejects balanced budget
amendment Nov 18th, 2011 (AP) , US Deficit-Cutting Talks
Appear to Be Near Collapse Nov 18th, 2011 (Reuters) ,
Drudgereport: NEW DOWNGRADE THREAT Guest Post: The Reasons For
China's Imminent Bust Durden Friday Night Irony: According
To The Fed, Just Over One More Year Of ZIRP Will Lead To 38.36% Annual
Inflation Durden , The Final Straw? Jefferies And
Six Other Banks Sued For "Fraudulent" MF Global Bond Issuance Durden 11/19/2011 , Stocks sink after Fitch warns
on US bank exposure AP , Beware the Earnings Cross,
Stock Investors The Wall Street Journal Gongloff , Tighter Credit Suggests Stocks
Should Fall The Wall Street
Journal , Watch Nigel Farage Dance On
The Euro's Grave Durden Another Tough Month For Tilson
As CNBC's Favorite Buffett-Worshipper Is Down Over 24% YTD Durden Payback Time - The Coming
Decade Of Deleveraging Durden Dave’s Daily: http://www.etfdigest.com ‘The further
down the road we go without confronting problems head-on, the more difficult
things become… We go along with band-aids, useless stimulus, money printing and
hope. It’s BS and smoke and mirrors policies... Their credibility is shot.It’s
no wonder investors are fleeing markets. Over $200 billion in equity mutual
funds have left the markets since 2010. As I update our Top Ten ETF lists by
sector, I see assets under management (AUM) declining 25-45% just in the last
four months. The great October stock rally was a “eurozone is fixed” mirage.
Thursday markets received mixed economic news in the U.S. as Jobless Claims
fell somewhat (higher previous revisions again and people dropping off the
rolls like flies accounts for some of this) and a poor Philly Fed Survey (3.6
vs 9 expected and previous 8.7). Housing Starts were unchanged, and frankly we
don’t need more home construction…’ The next financial crisis will
be hellish, and it’s on its way Forbes.com Citi Economist Warns of
Imminent Spanish, Italian Default The Wall Street Journal (11-16-11) , Financials Drag Market Lower,
Fitch Raises Doubts About Euro Hedge Effectiveness The Wall
Street Journal Gongloff (11-16-11) , Stocks Making Risky Bet on
Massive ECB Money Printing The Wall Street Journal , Dave’s Daily: http://www.etfdigest.com INVESTORS ON THIN ICE , Euro-Dollar Basis Swap Cost at
2008 Crisis Levels The Wall Street Journal , U.S. Debt Tops $15 Trillion
Mark Today Nov 16th, 2011 (ABCNews) , Minyanville's T3 Daily Recap:
Wedge Pattern Looks Set to Resolve to Downside Minyanville , European Financial Gravity:
The Era of "Extend and Pretend" Is Over Atlantic
Capital Management , Europe: Close To A Death
Spiral? Nov 16th, 2011 By Bruce Krasting (EconMatters) , Citi Chief Economist Willem
Buiter: A Spanish Or Italian Default Could Happen In A Few Short Days Durden, Financial Stocks Catching Up
To Their Recent Credit Weakness .. it seems reality is starting to sink
in.. Durden , Which Way Wednesday – Popping
or Topping (again)? ilene 11/16/2011
This is a fantastic opportunity to observe the workings of an actual criminal
conspiracy to defraud the American people in action. , JPMorgan To Issue CMBS Backed
By... Defaulted Loans Durden 11/15/2011 , Presenting Europe's Remaining
2011 Bond And Bill Auctions... All 104 Of Them Durden , Congress Shocked To Find That
Being CEO Of A Bankrupt Company Is The New Killing It Durden Two weeks ago we reported with sheer disgust that the outgoing CEO of bankrupt Freddie Mac, Ed Haldeman, was to pocket
over $4 million for his brief two year stay..for lots of hard work collecting
bail out cash from the Treasury. $21 billion to be precise , Dark Pool Flush: Game Over
Pipeline; Next Up Goldman's Sigma X? Durden on 11/15/2011 For years Zero Hedge has been exposing the persistent fraud that goes on
behind the trading scenes, not only in High Frequency Trading , but also in various dark trading venues, known better as dark pools where exchanges, typically the banks themselves get to match buyers and
sellers without any indication of a trade having occurred, until much later if
at all… What will shock the trading community, however, even more is if the SEC
decides to go after not some tiny unknown firm, but the real dark pool
transgressors, the biggest one of which is and has always been Goldman's Sigma X . Of course for that to happen, Mary Schapiro would actually have to do
her job. And that, unfortunately, ain't happening. , Falling house prices trap
first homeowners Guardian , Contagion spreads, triple-As
under pressure Nov 15th, 2011 (Reuters) , What Other MF Globals Are
Lurking In the System? , Last Market Rally Before the
Bears Take Over
Minyanville David Banister 11-14-11 ‘The current
market rally will likely last through Christmas before we see the big leg down.
… Longer term, my best view right now
is that this is a countertrend bounce off the 1,074 lows that will give way to
another big down leg. …‘ , Even the Fed Can’t Value
Financials’ Risk Phoenix Capital 11/14/2011 The NY Fed is the single most powerful entity in charge of the Fed’s
daily operations. How can any investor believe that the Fed can
manage the system and restore trust when the NY Fed cannot
accurately audit a financial firm’s risks during a six month review , then there is NO WAY an ordinary
investor can do so. , Europe in
worst hour since WW2: Merkel , Congress Trading Stocks on
Inside Information!? Wall St. Cheat Sheet , Bob Chapman: Surviving The
Banker Sociopaths The Alex Jones Channel | Alex talks with regular Friday
guest Bob Chapman of the International Forecaster. , SPX
Update: Crash Wave Ready; Confirmation Still Pending Jason Haver 11-11-11 , Do
Valuation Metrics Still Apply or Has The Market Become Untradable? http://albertpeia.com/wallstreetcrapshoot.jpg , Bernanke Knows He’s Powerless
This Time Around by Phoenix Capital Research The Aftermath of the Risk-Free
Sovereign Debt Illusion Minyanville (Fri, Nov 11 ] Divergences
Point To Stock Market Crash http://www.bullfax.com/?q=node-divergences-point-risk-stock-market-crash 11/10/2011 James A. Kostohryz , EU Warns Of ‘Deep, Prolonged
Recession’ Dow Jones Newswires | The European
Union Thursday slashed its growth forecast for the 27-nation bloc in the coming
year. , Dave’sDaily: http://www.etfdigest.com [WELL FOUNDED] FEAR REMAINS.. November 10, 2011 ‘Rapidly changing news
cycle, combined with HFT algos …As has been routine, previous data was revised
higher from 397K to 400K, and given this pattern, you should expect current
data revised higher next week…’ What
First Time Unemployment Claims Data Is Saying About the Economy Lee Adler Nov 10, 2011 ‘…Purely by accident,
the real number this week wasn't too far off at 398,753, but that was an
increase from last week's 369,647, not a decline as shown in the cartoon
numbers. Furthermore, it was about 70,000 more than at the seasonal low reached
the last week of September. While this year's seasonal low was lower than last
year, and this year's increase since then was less than last year's, how that
led to the proclamation that this week's number was the lowest in seven months
is beyond my comprehension. It's just a meaningless, and false, number spit out
by a statistical rhythm…’ Famed economist predicts economic calamity in 2012. See the
evidence.
http://w3.newsmax.com/a/aftershockb/video.cfm , These 4 things happen
right before a heart attack. newsmax
http://www.newsmax.com/Newsfront/silent-heart-attack-symptoms/2011/09/23/id/412086 , 50% unemployment & 90% Dow
crash also predicted. Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm , http://www.economist.com/content/global_debt_clock is ticking! Analyst Sees 3% More Downside
On Dow As Cyclicals Lose Momentum
Barrons.com (Wed, Nov 9) [ Is that all? Sounds like a fraudulent wall
street wet dream! Far more reliable analysts predict much lower, infra. ] , There Is No Solution for
Europe”: Stocks Tumble as Italian Yields Surge The Daily
Ticker (Wed, Nov 9) , PERVASIVELY
CORRUPT, DEFACTO BANKRUPT AMERICA IS A TOTAL FRAUD IN THE INDUCEMENT AND
FACTUM. #9. (see infra) World’s Largest Drug Dealer: The American
empire is the largest drug dealer in the world! Say it isn’t so. Well, in
addition to forcing legal drugs and genetically
modified organisms on nations, usually under the cover of foreign aid,
America also leads in the illegal drug trade. In fact, many researchers
reveal that the war on drugs is only utilized to control and monopolize
the illicit drug trade. The US government has been caught multiple
times shipping in
cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now
openly protects and transports opium
from Afghanistan [ http://www.youtube.com/watch?v=ElEciFI0Pew ] . In fact, Global Research points out that in 2001, “according
to UN figures, opium production had fallen to 185 tons. Immediately following
the October 2001 US led invasion, production increased dramatically, regaining
its historical levels.” This month, the U.N. announced that Afghanistan
now provides 93% of the
world’s opium production [
http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to
2010 to a whopping 5800 tons. Although the empire tries to keep it
secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm ] , Dave’s Daily http://www.etfdigest.com ‘Perhaps this is now the “no news is good
news” market since a rally on Berlusconi’s resignation is beyond irrational.
But, we’re long so I shouldn’t complain too much even though emotionally there
isn’t much to like overall. The only bullish thing is the action of the tape
and this is the season when bulls can make their year. Speaking of HFTs and
algos, HFT issues are thoroughly covered with HFT Alert founder Steve
Hammer and myself in the video interview below. The presentation contains two
parts: the first outlines HFT basics—how they work and their controversial
impact on financial markets. The second part we discuss how traders can benefit
or make money by using HFT Alert’s unique trading services. http://www.youtube.com/watch?feature=player_embedded&v=NzfmT4vGXZY [ ‘Off to the
golf course’, indeed. Those are Mr. Hammer’s concluding remarks. Not because
he’s a trader, but because he’s selling this ‘very functional in terms of
what’s going on’ package. The truth is that even today, at lightning speeds,
there are very few successful traders (as distinguished from investors, and
there is a huge distinction, though much less so today)(over the longer term
and is akin to the apposite old adage, ‘you can win a race but you can’t win at
the races’). Indeed, some companies / brokerages employ them just for the
volume / commissions they produce. Most telling, in this video, is the
beginning wherein it’s explained that in literally a second(s), mere quotes can
give rise to revenue (as with commissions, pieces of the action) which has to
come from someplace. The problem is that ultimately, this ‘churn-and-action’
computer programmed action at ‘lightning speed’ is parasitic inasmuch as it is
without any economic utility whatsoever in real economic terms as are
commissions in ‘after-market stock trading’ (as distinguished from initial
ipo’s) that are tantamount to a tax on the real economy; hence, the benefit to
the frauds on wall street at the expense of and to the detriment of main
street, taxpayers, and the populace in general, as we’ve seen and continue to
see. ‘ Remember,
there is no modern day alchemy that spins worthless paper into gold except
fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. They’re just not that important
and represent, like termites eating away at the nation’s foundation, a drag on
the economy, the nation as one would expect from parasites such as they are’ . What to Expect Next From the
Markets Minyanville Jeffrey Cooper ‘Conclusion: It looks like a program was run
using the least amount of dollars to goose the indices by focusing on some big
cap names like Apple, Amazon, Baidu, IBM, and Caterpillar { Dave’s Daily:’.. The HAL 9000s have been doing business
as HFTs (High Frequency Traders) launching many buy or sell programs using
complex algorithms which can drive prices on indexes higher or lower in
dramatic fashion. One of their great acts is called "quote stuffing".
It's another illegal activity which the SEC hasn't quite figured out. It's as
futile for them as the illegal fee-driven recent end-of-quarter price
jam-job..’} Then there’s the fed complicity in these various wall street scams
by way of QE’s / dollar debasement which of course benefits the frauds on wall
street to the detriment of literally everyone else. ] So, as indicated stock prices shot higher on the Berlusconi news. Gold
prices saw some profit-taking, the dollar was weaker, commodities stronger and
bonds weaker.Volume was on the light side and breadth per the WSJ was quite
positive…’ , Dave’s Daily http://www.etfdigest.com ‘Perhaps this is now the “no news
is good news” market since a rally on Berlusconi’s resignation is beyond
irrational. , U.S. Auto
Sales And Consumer Credit Hard To Reconcile
http://www.bullfax.com/?q=node-us-auto-sales-and-consumer-credit-hard-reconcile ‘The last number in the Fed
consumer credit report for new car loans is for the first quarter of 2011, and
it showed a decline of 2.73% from the fourth quarter of 2010. Yet new auto
sales for the same period increased 3.97%. Fascinating.’ , Barclays Says Italy Is
Finished: "Mathematically Beyond Point Of No Return" Durden Bond dumping and Berlusconi Pivotfarm : 11/08/2011 - 08:18 BNP Paribas SA and Commerzbank AG
(CBK) are unloading sovereign bonds at a loss, leading European lenders in
a government-debt flight that threatens to exacerbate the region’s crisis.
BNP...’ , Trouble Ahead: Employment,
Inflation, and the Fed Minyanville Jeff Harding , Embarrassing Blunders Wall
Street Loves to Hide ETFguide Maierhofer , SPDR Dow Jones Industrial Average
ETF Experiences Big Outflow Forbes , ETF Fund Flows: SPY Bleeds
$1.14 Billion IndexUniverse.com
, Got PrimeX Short?: Half The
Country's Mortgages Are Underwater Durden , As Geithner Says
Supercommittee "Holds Key To Rebuiling Confidence" Supercommittee
Says "Trillions Of Dollars Apart" Durden , Wikileaks Exposes German
Preparations For “A Eurozone Chapter 11″ Zero Hedge | A worst case scenario, says Mayer, could be that Germany
pulls out of the Eurozone altogether in 20 years time. , Italy borrowing rates hit
record The Italian government's borrowing
cost rises on fears over political uncertainty, with 10-year bond yields
hitting a euro-era high of 6.64%. , Are RBS And NatWest The First
Victims Of “Bank Transfer Day” Zero Hedge | Earlier today we received the
following email from a reader: “RBS systems are down today – ALL of them. , Euro-Kaput: ‘Euro could be
dead by end-November’ Russia Today | Greek PM George Papandreou is
aiming to form a coalition government and push through an international bailout
package . , HFT TRADING
RULES MONDAY Dave’s Daily:
http://www.etfdigest.com
11-7-11 , Italy: Too Big to Fail, Too
Big to Save? Nov 7th, 2011 (CNBC) , Italian Debt Crisis Has Global
Markets on Edge. Here’s Why It Matters to You JK Comment:
The Daily Ticker guys offer some interesting insight on the evolving situation
in Europe, and how “contagion” may not be limited to the shore’s of Europe.’ , Presenting The Latest Eurodebt
Exposure Masking Scam Courtesy Of Morgan Stanley: Level 1 To Level 2 Transfers Durden , Here Is Today's 3pm Rumor... Durden ‘ In true save-the-market style, as 3pm ET comes around we
have another rumor from Europe. This time it purports to be the creation of an
investment fund, as a subsidiary of the EFSF, which will 'attract' external
capital sources, via tranching of returns, to enable the purchase of sovereign
debt in primary and secondary markets. Headlines, via Bloomberg, for now
suggest this is yet another strawman…’ , No smoking gun:
IAEA Iranian nuclear report falls flat on its face Patrick
Henningsen | The IAEA report has come up short, but the Axis powers
are still desperate to hit Iran , 10 Reasons
America Will Be Judged as the Most Brutal Empire in History http://www.prisonplanet.com/10-reasons-america-will-be-judged-as-the-most-brutal-empire-in-history.html Activist Post
| Good and evil doesn’t have a grey zone.. America and her Western cohorts will
likely be viewed as the most brutal empire in history.. Although this empire is
infinitely more powerful than Rome was, it will suffer the same fate. For
every negative action the empire commits, there’s an equal and opposite good
reaction. And the goodness of humanity will always defeat tyranny when it goes
too far. However, an empire with so much to lose will go down swinging
and slinging every weapon in its arsenal, thus putting the final stamp on their
status as most brutal empire in history.’
, Greek Debt
Crisis: Mark II of the Plan for a Greatest Depression Kurt Nimmo | HSBC, a
prized bankster asset connected to the City of London, warns of a global
depression. , Hit With Big Withdrawals, Fed
Sells Assets, Borrows Cash
ilene 11/06/2011
, Fed Underestimated Economy's
Weakness: Kohn TheStreet [ Another ‘duh!’ moment
from the fraudulent fed! ] , Tempted by Europe? Don’t Be
- http://www.theglobeandmail.com/globe-investor/markets/markets-blog/tempted-by-europe-dont-be/article2228163 ‘ ,
Europe. Is. Finished. Phoenix Capital... 11/05/2011 ‘Europe is finished. The
region’s entire banking system is insolvent (with few exceptions).’ Earnings Warning Ratio Highest
In a Decade The Wall Street Journal ‘…In other words, even as the market has rallied, the outlook for
earnings has gotten worse.’ , Minyanville's T3 Weekly Recap:
Market Breaks Streak of Weekly Gains, Focus Shifts to Italy Minyanville , The Chart
That's Forecasted Every Major Move Correctly Since March 2011 Simon Maierhofer 11-4-11 ‘… major indices may
just be chopping around for another week or two before heading south for the
winter…’ , SPX and
NDX Update: Top May Be In as Retracement Rally Hits Targets Jason Haver , Handicapping a Global Market
Meltdown
Minyanville , Extreme Poverty
Is Now At Record Levels – 19 Statistics About The Poor That Will Absolutely
Astound You The Economic Collapse , Insider selling surges — CBS MoneyWatch , Greenspan Suggested Cutting
Taxes on the Wealthy to Increase Debt so the Fed Wouldn't "Lose Control of
Monetary Policy"
George Washington , First Time Unemployment Claims
Increase But Less Than Usual
: ilene : 11/03/2011 -
There's just one minor problem. http://www.zerohedge.com/contributed/first-time-unemployment-claims-increase-less-usual Courtesy of Lee
Adler of the Wall Street Examiner "Fewer
people applied for unemployment benefits last week, a hopeful sign that the job
market might be picking up," trumpeted the AP, in a news item picked up by
news organizations across the US and the world. There's just one minor problem.
First time claims actually increased by 9,361. The AP, and everybody else,
reports a fictitious number, the seasonally smoothed fantasy. They do that
because they figure that readers are too stupid to compare this week's
performance with the same week in previous years to see if the economy is doing
better or worse. I hold no such preconceived notion. If you are smart enough to
be reading this report, then you are smart enough to be able to compare actual
numbers, as opposed to the fake pablum spoon fed to you by the economics
punditocracy…’ , Unique Historic Precedents
Suggest Lower Prices
http://finance.yahoo.com/news/Unique-Historic-Precedents-etfguide-1382828970.html?x=0&.v=1 ETFguide Simon Maierhofer, November
3, 2011 , Europe is
doomed — Felix
Salmon http://blogs.reuters.com/felix-salmon/2011/11/03/europes-doomed-fate ‘This is beginning
to feel like 2008..’, Because Central Banks Just
Aren't Enough: G-20 Will Ask IMF To Print Reserve Currency Durden Four months ago we predicted that in response to the
latest round of global economic deterioration, every central bank would very
soon join the toner party., Today's Joke Du Jour Comes
From Italy's Biggest Bank, UniCredit , SEC Opens Investigation Into
MF Global Insider Trading, Ignores Glaring Evidence Of Client Capital
Commingling , Hugh Hendry Channels Irony And
Paradox In His Latest Financial Outlook ‘..So what’s next? A crash, of
course..’, As Repeatedly Warned, Quarter
End Window Dressing Key Factor In MF Global's Demise Durden11/04/2011 Citi: "The Bear Market
Rally Is Behind Us; We Anticipate A Move To 1,000-1,015" by Durden Fed lowers
GDP forecast, raises unemployment projections, mulls more inflation producing,
failed, futile, wall street fraud-friendly action to the detriment of all
others which rallies those ever more worthless as with dollars ‘pieces of paper’
(actually not even, just ‘over-counted/supplied computerized ‘ledger’ entries)
for the ubiquitous as in the last financial fraud debacle) for the continuing
High-Frequency-Trade churn-and-earn , Market Recap: Banks Rally
Back, Fed Outlook Worsens [jersey based,
former lautenberg adp data’s as worthless as that from the scandal-scarred
commerce dept. et als, ie., factory numbers; then, the labor dept.’s fake
report, estimates, numbers, including the b.s. service sector, etc..) Wall St. Cheat Sheet , Fed foresees
far weaker growth than it had earlier MF Global Client Theft
Estimate Doubled To $1.5 Billion? Durden, Game Over Berlusconi? Italian
Anti-Crisis Bill Fails Durden, Egan Jones Downgrades
Jefferies On Concerns About Sovereign Exposure Amounting To 77% Of Equity Durden , Guest Post: MF Global Shines A
Light On Monetarism's Incapacity To Enhance The Real Economy , Will Spiking Vol Drag Global
Growth Down? [Short answer: YES! The HFT churn and
earn is parasitic, benefits the frauds on wall street only, and ultimately must
‘come from some real place’ (ie., main street, taxpayers, etc.)] The Greco-Franco Bank Run Has
Skipped the Pond, Landed in NY/Chicago and Nobody Noticed, Exactly As I
Predicted! Reggie Middleton 11/01/2011 ‘We just experienced a bank
run in the US that I have been warning of for months on end. A bank run that
resulted in this country's 8th largest bankruptcy,,, ever - and nobody even
noticed.’ , How US Banks Are Lying About
Their European Exposure; Or How Bilateral Netting Ends With A Bang, Not A
Whimper Durden , Keeping Up With The Korzines
In The Kooler: FBI To Investigate MF Global's Theft Of Client Money Durden , US construction spending +0.2%
in Sep, below market expectations of +0.3%, vs 1.6% Aug. Nov 1st,
2011 , US ISM fell to 50.8 in Oct,
below market expectations of 52.0, vs 51.6 in Sep. Nov 1st,
2011 Guest Post: Fed Trapped By
Inflation
Durden , Keeping Up With The Korzines
In The Kooler: FBI To Investigate MF Global's Theft Of Client Money Durden , US Food Stamp Usage Hits New
Record
Durden , The Coming Derivatives Crisis
That Could Destroy The Entire Global Financial System The Economic
Collapse , The REAL $200 TRILLION Problem
Bernanke’s Worried About Phoenix Capital... ‘US Commercial banks
have $200 TRILLION in interest rate based derivatives sitting on their balance
sheets. And guess which banks have the greatest exposure…’ ; and, finally
the coup de gras , America’s debt woe is worse
than Greece’s News (CNN) — ‘Our government is utterly
broke. There are signs everywhere one looks…The government’s total indebtedness
is $211 trillion ’, Unthinkable Poised to Happen
on Wall Street. See Disturbing Charts. (Moneynews) http://w3.newsmax.com/a/aftershockb/video.cfm?PROMO_CODE=CD97-1 , http://www.stansberryresearch.com/pro/1108PSI9MOVD/PPSIMA06/PR Mf global, plus
mob infested jersey former governor, plus fraudulent wall street, plus mob
strong new york, plus rich mob history Chicago, equals fraudulent scheme /
theft / scam in the making and then reality! Someone Is Going To Jail For
This: MF Global Caught Stealing Hundreds Of Millions From Customers? Durden Graham Summers’ Weekly Market
Forecast (Wake Up Call Edition) Phoenix Capital... 10/31/2011 The
markets flew into this deal based on rumors and short-covering and are now
waking up to the plain obvious facts that you cannot solve a debt problem with
more debt. , Panic Behind The MF Scenes As
Company Refuses To Disclose Information To Regulators Even In Death Durden Are Investors Buying on False
Hope? Minyanville ,
Markets Remain in Cyclical Bear
Market
Kevin Tuttle [ Actually this is
a secular bear market with much worse to come! ] , U.S. and Europe … “Self-Induced
Stagnation,” says Economist Editor The Daily Ticker , Why Last Week's Euro Fix Won't
Do the Trick ETFguide Maierhofer , Corzine's MF
Global collapses under euro zone bets Are Ratings Agencies Taking
Bribes? Wall St. Cheat Sheet [ One way or
another, from all 3 branches of u.s. government to u.s. businesses coast to
coast, wall street to main street, they’re all getting / taking bribes! ] , SPX and
NDX Update: A Disturbing Look at Fundamentals, and the Rally Explained Jason Haver Oct 31, 2011 , China Says Not So Fast On Rescue
http://www.thestreet.com/_yahoo/video/11292710/buy-and-hold-is-dead-buy-and-hedge-instead.html?cm_ven=YAHOOV&cm_cat=FREE&cm_ite=NA&s=1#1250281566001 , MF Global Caught in Death Spiral , Sell
H-P! Against the Grain 10/31/11 , Europe Will Make Lehman Look
Like a Joke http://gainspainscapital.com/?p=1010 Summers 10-28-11, Be Honest – The European Debt
Deal Was Really A Greek Debt Default
: ilene : 10/28/2011 -
2012 looks like it is going to be an extremely painful year. [ Yes! Very
painful! I believe Dave was the first ‘to get this’ in passing yesterday; and,
thinking on it more, I believe this charade cheered particularly by the frauds
on wall street (and surprisingly germany) was for the purpose of ‘voluntary’ to
avoid the Credit Default Swap trigger. Yet, the real bad news is that, even
worse than as with the last financial debacle, owing to the greed-driven,
commission/fee generating churn and earn of innumerable, bogus, worthless,
levered, negatively valued on event financial instruments at computerized
lightning speed, the commission-generating paper is beyond the frauds’
abilities to account for; and not just the CDS’s ( ETFs have potential to become
the next toxic scandal Sep 19th, 2011 News (The Telegraph) Financial Stability
Board (FSB), an international super-regulator, wrote a prescient if less than
catchily-titled paper “Potential financial stability issues arising from recent
trends in Exchange Traded Funds (ETFs)”..warning – ETFs are not the cheap and
transparent vehicles the marketers would have us believe ..no one who read the
FSB report was surprised to see the words ETF and rogue trader in the same
sentence… half of the ETFs in Europe today do not match the index they are
designed to track by holding all of its constituent shares.. Derivative trades
add a second layer of uncertainty .. the counterparty risk that the
organisation on the other side of the contract might go bust. Even worse, the provider of the ETF might sometimes be a part of the same organisation
as the derivatives desk carrying out the swap …For reasons which I’m not sure I could explain even if I had the space, it is possible for the number of shares sold short in an ETF to massively
exceed the actual number of shares available .’ ) . Not only is it that The Greek Deal Accomplishes
Nothing… Systemic Risk is Coming
http://gainspainscapital.com October 27th,
2011 ( Yes! It’s
happened again. No … not just the (Weimar) funny money and rally as in the
great depression followed by the inevitable bust /crash Parallels to The Great
Depression Suggest Higher Prices Followed by a Bust ETFguide Simon
Maierhofer, October 25, 2011 ), but , Dave’s Daily http://www.etfdigest.com/davesdaily ‘The only thing wrong with the
image above is that it’s from March 2010, or on one of many previous plans
agreed upon. But, markets don’t care about this and just thirst for any deal
even if memories remain short.. HFT algos are programmed to pounce on these
presumed fixes and have been active in driving stock prices higher this past
week. Let’s face it; this is the time of year bulls can make their year with
good fees and bonuses on the line…’ , Dave’s Daily: http://www.etfdigest.com ‘The above image displays quotes per second coming from HFT (High Frequency
Trading) systems http://www.etfdigest.com/images/stories/davesdaily/1866/image002.jpg http://www.etfdigest.com/images/stories/davesdaily/1866/image002.jpg . The two graphs display action
towards the close of trading Friday. The upper graph shows action of “algos”
per second while the bottom the number of HFT quotes per second over a three
minute time period with colors for each exchange. The lower graph displayed
nearly 300 quotes per second—got that? Perhaps only a small fraction of these
are real trades with the others being just bids and offers designed to
stimulate program trading algorithms. This is posted because nearly 70% of all
volume and trades on the NYSE for example are program trades with HFTs now
dominant. ‘ Then
there’s the reality / folly that the mental case with the funny / odd little
mustache has been displaced by another ubiquitous fraud of collectively the
‘multiple mental cases modern day equivalent variety’; viz., the bourse,
bourses, ‘boursers’, stock exchanges, ‘market fraudsters’(wall street
particularly), and their lightning fast, high frequency trading computers(‘
programs). After all, the already undercapitalized banks are now 50% more
undercapitalized (those Yule Brynner hair cuts are a b**ch); there’s good money
after bad; and square pegs are, for the nonce, ‘fitting’ into round holes.
Nothing’s been solved and there’s much worse to come! Take this as the ‘gift’
(to stock markets everywhere, ultimately paid for by main streets and taxpayers
everywhere) [Market Now Overbought: Birinyi The Wall Street Journal ] it was meant to be
and sell, take profits, since this ‘microcosm of the crisis’ was never the real
reason for lower markets but merely at best a symptom of [ at worst a scapegoat
for ] these great depression-era times, the worst of which will be seen. It’s
coming! Funny money will just exacerbate the inevitable! This may sound like a
platitude; but, fundamentals and reality still count! Is It Foolish to Get Excited
About the Latest Deal to Save Europe? ETFguide
http://finance.yahoo.com/news/Is-It-Foolish-to-Get-Excited-etfguide-2444921710.html?x=0&.v=1 Simon Maierhofer, 10-27-11 [Short answer: YES! ] . The looney loonie now
exceeds the value of the ‘funny-money’, debased dollar (who coulda / woulda
have ever thunk it). Inflation, Jobs, and the
Artificial Flow of Monetary Policy at Minyanville Bad news and
b***s*** (as in no plan plan) across the board (and sea) … yet stocks rallied … US durable goods orders -0.8%
in Sep, near expectations, vs -0.1% Aug. Oct 26th, 2011
by News , Paper currency has too much
bull, not enough bullion Oct 26th, 2011 by News (Globe and
Mail) — Sir Mervyn King, governor of the Bank of England, ordered up another
$300-billion (U.S.) in easy money earlier this month, then mentioned, by way of
explanation, that we are living through the most serious financial crisis
since the Great Depression – “if not,” he said ominously, “ever.” Sir Mervyn’s
warning was only marginally more sobering than the collective warnings of Prime
Minister Stephen Harper, Finance Minister Jim Flaherty and Bank of Canada
Governor Mark Carney.This is not to mock. These men know enough not to scare
people out of their wits unless it necessary to do so. So the question is, what
do these people know that the rest of us don’t?More related to this story:To
put Sir Mervyn’s warning into its historical perspective, it must be noted that
“ever” goes back a long way. The biblical record cites one calamitous meltdown
4,000 years ago, “when money failed in the land of Egypt.” Did Sir Mervyn
deliberately or inadvertently include the financial crashes of antiquity in his
portentous warning? Isn’t it the failure of money that now threatens the
world ? [ source ] Euro Zone to Quadruple Bailout
Fund: Sources Oct 26th, 2011 by News (CNBC) — … [ source ] PG View : Leverage is
very much a double-edged sword, also capable of amplifying losses. Nobody ever
seems to talk about that. Of course Europe can always bailout its
bailouts… STOCKS TANK BEFORE EU MEETING
THAT EVERYONE EXPECTS TO FAIL: Here's What You Need To Know Business Insider
[ No …this is not quite correct … the point being there’s nothing they can do
to make it (other than the meeting in and of
itself as ‘a much ballyhooed
event’) succeed! Graham Summers’ Weekly Market
Forecast (Stocks Are Last to Get It Edition) Phoenix Capital Research ‘…So if you have not already taken steps to prepare for
systemic failure, you NEED to do so NOW. We're literally at most a few months,
and very likely just a few weeks from Europe's banks imploding …’, Four Facts that PROVE the EFSF
Doesn’t Matter… At All Phoenix Capital 10/20/2011Four Facts that
PROVE the EFSF Doesn’t Matter… At All
- ‘.. And those investors who
get suckered into betting this mess will work out well are very likely going to
lose everything. The impact of the fallout from this will make 2008 look like a
joke. The EU is the largest economy in the world. So if its banking system
collapses (and it will) we’re facing a full-scale Global financial meltdown
(the IMF has even warned of this)…’ , Parallels to The Great
Depression Suggest Higher Prices Followed by a Bust ETFguide Simon
Maierhofer, October 25, 2011 Investors' Number One Worry:
Europe Posed to Bring Down Global Economy Minyanville [ Riiiiight! Europe following
the ‘american way’ of ‘insurmountable
debt, funny money and wall street fraud, and throw in a destructive, wasteful
war or two or three’ is ‘ the one’ … to
reiterate: America’s debt woe is worse
than Greece’s News (CNN) — ‘Our government is utterly
broke…The government’s total indebtedness is $211
trillion ’
] , Minyanville's
T3 Daily Recap: The Anatomy of a Market Reversal T3Live.com Oct 24, 2011 ‘Now may be a good
time to take some profits after a strong October run in the market…’, 10 Reasons The
Consumer Will Sink This Rally http://www.bullseyemicrocaps.com/?p=13626 Bret Jensen , United States tipped to lose
another AAA credit rating Reuters | Either from Moody’s or Fitch
, Can The
Hope Rally Continue? , Graham Summers’ Weekly Market
Forecast (Stocks Are Last to Get It Edition) Phoenix Capital Research ‘…So if you have not already taken steps to prepare for
systemic failure, you NEED to do so NOW. We're literally at most a few months,
and very likely just a few weeks from Europe's banks imploding …’, Minyanville's
T3 Daily Recap: The Anatomy of a Market Reversal T3Live.com Oct 24, 2011 ‘Now may be a good
time to take some profits after a strong October run in the market…’, 10 Reasons The
Consumer Will Sink This Rally http://www.bullseyemicrocaps.com/?p=13626 Bret Jensen , United States tipped to lose
another AAA credit rating Reuters | Either from Moody’s or Fitch
, Can The
Hope Rally Continue? , Unthinkable Poised to Happen
on Wall Street. See Disturbing Charts. (Moneynews) http://w3.newsmax.com/a/aftershockb/video.cfm?PROMO_CODE=CD97-1 , http://www.stansberryresearch.com/pro/1108PSI9MOVD/PPSIMA06/PR , ECRI Recession Watch: Growth
Index Drops Further http://advisorperspectives.com/dshort/updates/ECRI-Weekly-Leading-Index.php Doug Short 10-21-11 ‘The Weekly Leading Index ( WLI ) growth indicator of
the Economic Cycle Research Institute (ECRI) has now posted 11 consecutive
declines since early August. The interim high of 8.0 was set in the week ending
on April 15. The latest reading, data through October 14, is -10.1, down from
the previous week's -9.7. On September 30th, the ECRI publicly announced that
the U.S. is tipping into a recession, a call the Institute had announced to its
private clients on September 21st. ,
Earnings
forecasts look less bright NEW YORK (Reuters) -
Prospects for corporate earnings are dimmer in the coming quarters -- even
though reports so far this quarter have been relatively bright. [ Relatively
bright? Only because most are not relatively bright having failed to yet ‘catch
on’ to this nation-debilitating, but wall street favored defacto fraud. The
‘miracle’ of ‘funny money’ wherein the ‘debased currency strategies’ (ie.,
QE’s, etc.) among other accounting manipulations lead to ie., costs reported in
‘more valuable but fewer dollars’ and sales / revenues reported in debased
dollars (simply more of them, but no real value created, profits overstated in
real terms). ] , Banks closed in Colo, Fla, Ga;
84 failures in 2011 AP , With Some Hope In Europe, Time
To Go Short? Forbes Steve Schaefer , Forbes Staff ‘European leaders
are gathering Sunday and Wednesday in meetings aimed at hashing out an
expansion of the region’s bailout fund and recapitalizing banks, but with
expectations for a solution rising the risk of a less-than-comprehensive plan
rattling markets may be growing...“The bar is set too high,” he believes,
arguing that even if the market rallies on a deal being reached, the
implementation of whatever resolution plan is adopted will be cumbersome and
ultimately amount to “solving a problem of debt with more debt.” When the
market realizes that, October’s 9.5% gain to date could unravel in a hurry. The
recent stage in the too-rapid rise to current levels is largely a result of
short-covering and investors who missed the initial stage of the recovery
jumping on board…’ , Dead Stocks Walking smartmoney.com, S&P sees downgrade blitz
in EMU recession, threatening crisis strategy Oct 20th, 2011 News By Ambrose Evans-Pritchard (The Telegraph) , Euro Summit Imploding: Merkel
Cancels Friday Government Statement On EFSF Durden Student Loan Bubble To Exceed
$1 Trillion: "It's Going To Create A Generation Of Wage Slavery" And
Another Taxpayer Bailout Durden ‘..All we
need to do is teach people that Washington D.C. and Wall Street are now the
same corrupt entity. They are one gigantic rogue trader sucking the
lifeblood out of America..’ , , As growth lags, IMF warns of
downturn After warning that high debt needed immediate attention,
the organization is now urging countries to look for ways to boost growth amid
concerns that austerity might bring renewed recession. Euro drops as Germany seeks no
quick resolution (Washington Post) [ Duh … ya think? 43,454,601,693,238 Reasons Why
The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge |
By now everyone has had a chance to play with the US debt clock. But what about
its global cousin? Is the US Economy in a
Recession? thetechnicaltake ‘A simple indicator
constructed from readily available data is suggesting with great certainty that
the US economy is already in a recession.’ , US to Experience Stagflation
Worse Than 1970s: Jim Rogers CNBC , Jeff Applegate: Not Sheepish
About Turning Bearish The Wall Street Journal Jonathan Cheng ‘Last week was a tough time to turn bearish. Since hitting
a bottom on Tuesday, the Dow Jones Industrial Average has jumped by 11% in less
than two weeks, raising hopes among some investors that the U.S. and Europe may
be able to power through their summertime woes. Not for Jeff Applegate. Mr.
Applegate, the 61-year-old chief investment officer of Morgan Stanley Smith
Barney, last week made his biggest bearish shift in more than two years,
battening down the hatches and reducing his exposure to stocks, high-yield
bonds, commodities and real-estate investment trusts…’, Fed should adopt GDP target,
Goldman says Oct 17th, 2011 News (MarketWatch) — The Federal Reserve
should target the level of gross domestic product, Goldman Sachs economists said
ahead of a wave of speeches from central bank officials.In a note published
Friday night, Goldman Sachs said the best way for the central bank to loosen
policy significantly further would be to target a GDP path, and commit to using
more asset purchases to achieve that path.“While a shift to a nominal GDP level
target would be a big decision, it would be consistent with the Fed’s dual
employment and price mandate,” the economists wrote.[ source ] PG View : [Talk about self-serving disingenuity that along with their frauds,
goldman’s come to be known for! Goldman, like the lunatics at salomon brothers
should be out of business and vigorously prosecuted; having in large part
helped create this crisis which continues with their dollar debased HFT’s.
(‘Salomon Brothers' success and decline in the 1980s is documented in Michael Lewis ' 1989 book, Liar's Poker . Lewis went through Salomon's training program and then became a bond
salesman at Salomon Brothers in London .’Wikipedia.
Acquired by Travelers / Citi. ] A timely position taken by Goldman Sachs in
light of the inflation piece written by John Mauldin on Saturday. Yes, it does indeed seem that
“inflation as a solution” is gaining traction. I say tom-a-to, you say
tom-ah-to. I say inflation targeting, you say GDP targeting. Whatever you call
it, it’s synonymous with dollar devaluation and you best be saving in something
other than dollars if you hope to come out the other side unscathed. Can “It” Happen Here? Oct 17th, 2011 News By John Mauldin15-Oct (JohnMauldin.com) — I was inspired for this week’s
letter by a piece by Art Cashin (whom I will get to have dinner with Monday).
His daily letter always begins with an anecdote from history. Yesterday it was
about Weimar, told in his own inimitable style. So without any edits, class
will commence, with Professor Cashin at the chalk board.[Cashin's recounting of
the nightmare German inflation, which we posted last week .]…”, Full
moon October 10-14, 2011 … I’ve examined the weekly results for the global
markets … Conclusion: The global euphoria, irrational exuberance in the
financial markets worldwide, courtesy of the blazing full moon October 10-14,
2011 ; and yes, the lunacy once the exclusive province of fraudulent wall
street is now a global phenomenon (10th near full beginning, 14th near full
ending). , The More
Government Spends, The Worse It Gets , Balance Of
Fundamentals Will Continue To Weigh On Market , ECRI Recession Watch: Growth
Index Declines Further
http://www.bullseyemicrocaps.com/?p=11699 By Doug Short The Weekly
Leading Index (WLI) growth indicator of the Economic Cycle Research Institute
(ECRI) has posted 10 consecutive declines since early August. Early last
week, ECRI notified clients that the U.S. economy is indeed tipping into a new
recession. And there’s nothing that policy makers can do to head it off , US budget gap widens, tops $1
trln for 3rd year Reuters , A New S&P 500 Low Still
Awaits Us
Minyanville Erik Swarts Oct 13, 2011
‘Watch the SPX as the market comes to terms with the continuing crisis in
Europe , America's Lost Decade Will
Last Until 2016 [ This is extremely optimistic! ]
Forbes Lenzner , Harrisburg, Pa Files for
Bankruptcy: Is Meredith Whitney Right? [ Short anwer:
Yes! ] Peter Gorenstein , The Structural Challenges
Facing Muni Bonds Minyanville , IRS Auditing How GOOGLE
Shifted Profits Offshore to Avoid Taxes Bloomberg , Europe eyes
bigger Greek losses for banks , Markets Are Dealing With a
Foreboding Financial Backdrop Minyanville Lee Adler Oct 12, 2011 ‘..especially, why have they been frantically dumping their
corporate holdings since June? http://image.minyanville.com/assets/FCK_Jan2011/Image/October11/12/la10122.JPG Something is rotten here. These are signs of major systemic stress.. This
may be one of those times, and it's not a happy picture..’ , Double-Dip Recession a
Foregone Conclusion: Roubini Oct 11th, 2011 News (CNBC) — ‘The
world’s advanced economies are headed for a second recession, regardless of
whether there is further chaos in Europe, Nouriel Roubini told CNBC on Tuesday.
The economist who correctly predicted the 2008 financial crisis…’, Slovakia votes down eurozone
bailout expansion plans Oct 11th, 2011 News (BBC) , Euro About to Dissolve? Oct 11th, 2011
News Patrick A. Heller (NumisMaster) — “This is the most
serious financial crisis we’ve seen, at least since the 1930s, if not ever., ROUBINI: The
Recession Is Guaranteed, The Only Question Now Is How Bad It Will Be Business
Insider | Nouriel Roubini sees bad times ahead for the economy. , Nobel Prize Winning Economist
Who Supports Wall Street Protests SLAMS the Federal Reserve Washington’s
Blog | Nobel prize winning economist Joe Stiglitz – like many other high-level
economists – supports the “Occupy Wall Street” protests. Graham Summers Weekly Market
Forecast (Dexia Now... Who's Next? Edition) http://www.zerohedge.com/contributed/graham-summers-weekly-market-forecast-dexia-now-whos-next-edition Phoenix Capital Research THIS BEAR MARKET IS NOWHERE NEAR OVER. , We Are Still Early In This
Bear Phase
http://www.bullseyemicrocaps.com/?p=10478 Roger
Nusbaum Stocks
Surge On New Promises From European Leaders, Dow Adds 300 Points [ Come on! Wake up! Two desperate, failed
politicians who haven’t the slightest idea what they’re doing; certainly in the
areas of finance and economics. Indeed, they’ve borrowed from a page in the
fraudulent wall street / defacto bankrupt american book of failure and fraud in
banging ‘square pegs in round holes’ along with nation-draining fraudulent
obfuscation with b***s*** alone that hearkens back to that ’Weimar dollar’ era
that was precursor to and inevitably led to the inflationary / no real value
collapse now underway as is already the scenario in america. How totally
desperate and pathetic they are. This is cheered by the wall street types /
frauds to enable them to favorably cash
out. Take your profits while you still can, protect yourself while you still
can, this fraud – induced collapse is just beginning. New ‘promises’!
Currency-debased high inflation rally!
What a joke they’ve become! ]
“The
Prevailing Debate Among Economists and Historians is Whether the World Economy
Faces the ‘Great’ Depression of the 1930s or the ‘Long’ Depression of the
1870s” Washington’s Blog | Economists Agree: We’re In a
Depression. Fitch cuts
Italy, Spain ratings; outlook negative Wall Street vs Reality: A
Hopeless Tug-of-War?
http://symmetrycapital.net/index.php/blog/2011/10/wall-street-vs-reality-a-hopeless-tug-of-war Are Wall Street strategists living in a
bubble? [ The short answer is, ‘YES’! The long answer is your work is quite
(closer to) correct (and worse when dollar debasement is factored in).] According to our work, credit
market, demographic, and leading economic indicators are all
pointing to a level of between 800 and 1,000 for the S&P 500 between now
and 2012-2013. Hold Your Enthusiasm ... This
Is Still A Bear Market Rally http://www.bullfax.com/?q=node-hold-your-enthusiasm-still-bear-market-rally , 10/06/2011 , Yield Spread Confirming
Recession Call http://www.zerohedge.com/news/guest-post-yield-spread-confirming-recession-call U.S. stocks' massive
"melt-up" fans investor fears Reuters October 5, 2011, By Edward Krudy NEW YORK (Reuters) - In less than one
hour on Tuesday, the U.S. stock market surged by 4 percent -- for no apparent
reason , Play It
Again Sam: Dave's Daily . The HAL 9000s have been doing business as HFTs (High Frequency Traders)
launching many buy or sell programs using complex algorithms which can drive
prices on indexes higher or lower in dramatic fashion. One of their great acts
is called "quote stuffing". It's another illegal activity which the
SEC hasn't quite figured out. It's as futile for them as the illegal fee-driven
recent end-of-quarter price jam-job. One of these actions was featured courtesy of our friends at Zero Hedge and depicted below as it occurred Thursday afternoon. The first chart
features the quotes per second (NOTE: one instance exceeding 800 quotes per
second). The next chart shows the market's simultaneous reaction. http://www.thestreet.com/tsc/daves/082511/image002.jpg ‘ ( Financial Crisis Phase II Is
Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown , predicting the global crisis that
occurred the following year. I now see a similar confluence of events ..
“the new recession has started.”… Over the past 33 years, we have called the
start of every recession..Currently, the GDP deflator is 1.8%, which hardly
reflects the true rise in prices. Therefore, what is counted as “growth,” is
actually price increases. Actual inflation..is now more than 11%. Using that to
adjust GDP for inflation, would show that the economy is now in a very sharp
contraction…’ )( , 6 Reasons
a Global Recession is Unavoidable Ron DeLegge, October 5,
2011, Dem.lautenberg’s jersey based ADP helps the desperate dem’s cause with
100% better than expected (false) private sector jobs report ( Announced U.S. Job Cuts Rise
212% From Year Ago Bloomberg ) , Gabriel Wisdom to Frank Motek of
1070amBus.Rept. says this is a bear market and we’ll see market lows in 2012. [video] Nervously Eyeing 50%
Retracement TheStreet.com Mark Newton , Moody's Downgrades Italy By
Three Notches The Wall Street Journal , Greek Bailout May Include
Larger Writedowns for Private Investors Wall St. Cheat
Sheet . Enormous, last hour 370+ point upside suckers’ rally into
the close based on b***s***, rumour (more ‘good money after bad’ bailout goin’
greek in the eu zone), nothing at all (pushed a button, ran a buy program?) to
suck suckers in and keep suckers sucked in based upon as previously
questionable if not outright fake, ‘upward-revised’ (based on inflation-spiked
price increases at best) data also, ‘ the data don’t distinguish between
Americans who stop receiving benefits because they find jobs and those who fall
off the unemployment rolls because their benefits expire- WSCS ‘ THE GREATEST SHOW ON EARTH September 29, 2011 http://www.etfdigest.com ‘…Algos jumped on
the headlines which is what they’re programmed to do. They don’t look under the
hood for details since given their momentary focus, “facts don’t matter”—not at
least right away. A closer look inside Jobless Claims data is the consistent
revisions for higher previous claims. This makes current reports generally seem
better by comparison. Further, the BLS states with this report the significant
impact of “seasonal factors” skewing the report…’ ) . [ End of Quarter Price Mark-Ups;
Dave’s Daily
http://www.thestreet.com/story/11260606/1/end-of-quarter-price-mark-ups-daves-daily.html Dave Fry 9-27-11 ‘All you need do is view the last
week of June 2011, the previous quarter end, and you'll note a similar quarter
end jam-job…’ , Bernanke
calls unemployment a ‘national crisis’
28
Sep 2011 Fed chief Ben Bernanke said Wednesday that the nation’s weak labor
market was “a national crisis” - Duh!
No-recession-wall-street-lovin’-helicopter ben’s … done it again! … brilliant
description of unfortunately what already is thanks in large part to his wall
(fraud) street largess / welfare in the form of QE’s, etc. , Prepare for Lehman Brothers
Part 2 , Arguments
for Being in the Crash Camp Conor Sen Sep 28,
2011 ,
Now's Not the Time to Take on
Equity Market Exposure at Minyanville Erik Swarts Sep 28, 2011
, [video]Buying on Rumor -
Prepare For The Selling On News TheStreet.com TV , Roubini: U.S. in Throes of
Economic Contraction Sep 27th, 2011 News (Bloomberg) , SHILLER: House Prices Probably
Won’t Hit Bottom For Years Sep 27th, 2011 News (BusinessInsider)
, Split opens over Greek
bail-out terms Sep 27th, 2011(Financial Times) , The familiar fraud/pattern of
end-of-month/quarter window dressing b***s*** story of ‘hopes’ (ie.,
americanized funny-money fraud in the eurozone, etc.) from the frauds on wall
street … Dave’s Daily:’.. The HAL 9000s have been doing business
as HFTs (High Frequency Traders) launching many buy or sell programs using
complex algorithms which can drive prices on indexes higher or lower in
dramatic fashion. One of their great acts is called "quote stuffing".
It's another illegal activity which the SEC hasn't quite figured out. It's as
futile for them as the illegal fee-driven recent end-of-quarter price
jam-job..’ , despite the reality of bad news , New home
sales hit 6-month low, prices drop Euro zone
damps talk of rapid debt crisis steps On the Lookout for a Red
October Minyanville ‘
… Aside from history, if we take a look
at the global environment, there are a handful of things suggesting that we
will experience a turbulent October…’
, Suckers’ rally into the close to suck suckers
in and keep suckers sucked in based on lingering hopes for unaffordably
damaging funny money / QE ultimately taxpayer funded / borne bailout / welfare
for these fraudulent ‘titans of capitalism’ on wall street, viz., nothing
whatsoever ( watch for their fraudulent /
illegal end of month/quarter window dressing ) , and bad news ( Soros: US Is Already in
Double-Dip Recession CNBC.com , Stocks: Don't Get All
Comfortable Just Yet WS / Conway , Stocks Endure Worst Five-Day
Slamming Since '08, Still On Edge About Greece Forbes , More Pain Is Coming To
Equities
http://regator.com/p/253227580/more_pain_is_coming_to_equities Penguin Capital Markets , David Cameron: world on brink
of new economic crisis London Telegraph , Every Age Group Is Getting
Poorer In America, Except For One Advisor Perspectives , Global economy pushed to the
brink Sep 23rd, 2011 News Financial
Times , European and US Economies
Teetering on Weak Policy, Leadership Minyanville Kerr , Moody's downgrades 8
Greek banks (AP) , Signs The Perfect Economic Storm
Is Coming http://www.bullfax.com/?q=node-signs-perfect-economic-storm-coming ,
America’s debt woe is worse
than Greece’s Sep 21st, 2011 News (CNN) — ‘Our government is utterly
broke. There are signs everywhere one looks. Social Security can no longer
afford to send us our annual benefit statements. The House can no longer afford
its congressional pages. The Pentagon can no longer afford the pension and
health care benefits of retired service members. NASA is no longer planning a
manned mission to Mars. We’re broke for a reason. We’ve spent six decades
accumulating a huge official debt (U.S. Treasury bills and bonds) and vastly
larger unofficial debts to pay for Social Security, Medicare, and Medicaid benefits
to today’s and tomorrow’s 100 million-plus retirees. The government’s total
indebtedness — its fiscal gap — now stands at $211
trillion , by my arithmetic. [ source ]’ , $16 muffins,
$8 coffee served in Justice audit , Market Recap: FOMC Announces
Operation Twist, Banks Tumble, Investors Flee Sovereign Debt Wall St. Cheat
Sheet September 21, 2011, Wall Street
sinks 3 percent after Fed cites economic "risks" NEW YORK (Reuters) , Moody's
downgrades big banks on changed policy , Italy downgraded, IMF says
Europe behind the curve Reuters
, IMF downgrades outlook for US
and Europe economies [Sep 20, 2011] ... Fund has sharply
downgraded its outlook for the U.S. economy through 2012 ... http://finance.yahoo.com/news/IMF-downgrades-outlook-for-US-apf-1240337037.html?x=0 much worse than
expected: Market
Recap: S&P Downgrades Italy, Housing Starts Tumble, Markets Wait on
funny-money no-recession ben bernanke Wall St Cheat Sheet , IMF Downgrades Global Economic
Outlook , Drudgereport: IMF WARNS: INTO THE DANGER ZONE... ...warns of USA 'lost decade' , New High: 37% Say Their Home
Is Worth Less Than Remaining Mortgage Payments Rasmussen , 30 Signs That The U.S. Economy
Is About To Go Into The Toilet The Economic Collapse , A Fed IOER Cut Could Backfire
on Banks, Warns Pimco
, 3 Reasons Markets Were Up As
Central Banks Stepped in to Boost Dollar Liquidity in European Banks Wall St. Cheat Sheet ‘ Today the Department of Labor
announced that consumer prices had climbed twice what economists had predicted in August, while initial jobless claims jumped last
week to their highest level since June. The Federal Reserve Bank
of New York’s report on manufacturing in the region contracted
more than expected in September, while its general
economic index dropped to its weakest reading since November 2010, indicating
that companies in the region covered by the New York Fed’s manufacturing index
are cutting back. The consumer-price report also showed that hourly earnings fell in August in their biggest one-month decline since
July 2008 , while the cost of energy, food, healthcare, and
shelter all rose.‘ , David Rosenberg: “It’s Time To
Start Calling This For What It Is: A Modern Day Depression” Zero Hedge , Geithner: Economy In “An Early
Stage” Of Crisis , Flat retail
sales keeps U.S. on recession watch ) fraud / manipulated programmed hft (high frequency
trades – see, ie., What to Expect Next From the
Markets , Dave’s Daily, infra ) and b***s*** alone! [ Stock Market Secret Word of the
Day Is 'Delusion' WSJ , watch for fake data /
reports out of their sheer desperation
,
‘american technology is horrendous and vastly overrated!’ I really mean
it; and that’s reality, which speaks volumes about the pathetic state of the
world , Minyanville's
T3 Daily Recap: Market Squeeze Continues, But Was it a Trap? By T3Live.com ‘Today's action … another
clever ploy to suck in longs while relieving some of the oversold condition of
the market’ , Don't Trust Wall Street and
this Market ETFguide ,
Congress
budget agency warns panel of economic ills , Nearly 1
in 6 Americans in poverty, Census says
, Cisco cuts
long-term sales growth forecast
, International
alarm over euro zone crisis grows
, Why Can't Wall Street Be
Honest With The Public? Forbes
, Venture
capital veteran Perkins sees danger ahead , These Wall Street Firms are
About to Start Firing People Like Crazy , Same Alan Greenspan Who Warned
Against Budget Surplus Now Warns About Deficit , ETF Redemptions Highest Since
2008: Report ETF Trends , 20 Signs Of Imminent Financial
Collapse In Europe The Economic Collapse ,
The 2nd Edge Of Modern
Financial Repression: Manipulating Inflation Indexes To Steal From Retirees
& Public Workers Gold Seek Lawless America:
20 Examples Of Desperate People Doing Desperate Things The American
Dream , Poverty In
America: A Special Report The Economic Collapse | America is
getting poorer. How
Greece Is Mocking the Rest of the World [ Well, let’s get real
here! There’s plenty to mock in this world, and Greece is hardly the nation to
be doing the mocking. I think it’s the markets that are mocking the rest of the
world’s stupidity for buying into this false reality / obfuscation / fraud,
particularly by way of the now pervasive worldwide acceptance of the american
strategy of currency debasement which really is a fraud facilitator because it
masks to all but the intelligent few the underlying economic weakness and
decline. A simplistic example, though not perfect, is apropos here: a company
sells a product for 1 dollar which costs 1 dollar to make (assuming arguendo to
cover fixed expenses - no profit). The fed over-printing / creating dollars
like mad to the point where it now takes 2 dollars to render the same
purchasing power of 1 dollar when the
goods were produced. The company sells the products for 2 dollars (the previous
equivalent of 1 dollar before debasement). The company is now showing earnings
1 dollar per unit sold, yet in real terms, they’ve gotten no more than the
equivalent of that 1 dollar per unit. (If you’ve been to the grocery store
lately, particularly the last 1-2 months, I’ve found meats, etc., to be up
50-100%, etc.). The same obfuscating manipulations are applicable to assets
generally, and to those pieces of paper called stocks which are even ‘worse for
the wear’ since churn-and-earn commissions at lightning computerized speed are
being subtracted from this illusory ‘enhanced value’ which in reality doesn’t
exist at all. ( Such manipulations from currency translation also provide
‘arbitrage opportunities’ though similarly largely ultimately subtracted from
no real value being created. ) This is why fraudulent wall street loves the
fed’s QE’s and dollar debasement / over-printing / creating and also why it’s
been a dismal failure and a net negative in real economic terms as seen on main
street and in the decimation of the middle class and growing ranks of the poor.
In the analysis of securities, this would be considered ‘the quality of
earnings factor’ that goes into the assignment of a p/e multiple to the
projected earnings. Sufficeth to say, this is no longer done on wall street in
any real or legitimate fashion, if at all. Indeed, it’s a fair statement to say
that security analysis is no longer a ‘practice’ as same was considered, once
upon a time, by value investors / analysts. As set forth by Dave and Cooper,
infra, computerized programmed manipulation at lightning speed has been
expedient in the short run for the wall street frauds but ultimately leads to
the inevitable crash since as I often reiterate : ‘ Remember, there is no modern day
alchemy that spins worthless paper into gold except fraudulently for the frauds
on wall street who’ve literally oftimes done exactly that; ‘cashing out’ for
hard currency and gold, precious metals, at everyone else’s expense including
main street. They’re just not that important and represent, like termites eating
away at the nation’s foundation, a drag on the economy, the nation as one would
expect from parasites such as they are’ . What to Expect Next From the
Markets Minyanville Jeffrey Cooper ‘Conclusion: It looks like a program was run
using the least amount of dollars to goose the indices by focusing on some big
cap names like Apple, Amazon, Baidu, IBM, and Caterpillar { Apple Hits New High (Update1) , Dave’s Daily:’.. The HAL 9000s have been doing business
as HFTs (High Frequency Traders) launching many buy or sell programs using
complex algorithms which can drive prices on indexes higher or lower in
dramatic fashion. One of their great acts is called "quote stuffing".
It's another illegal activity which the SEC hasn't quite figured out. It's as
futile for them as the illegal fee-driven recent end-of-quarter price
jam-job..’] Simon Maierhofer, September 16, 2011, ‘ Webster's
dictionary defines gullible as naive and easily duped or cheated'…’
Art Cashin On The Most
Important History Lesson Of The Last Century Oct 13th, 2011 08:40 by News ZeroHedge) — Today, instead of
the traditional market observations by the Chairman of the Fermentation
Committee, we share with readers a critical historical lesson from Art Cashin,
focusing on an event that took place 89 years ago, which as Cashin says “one
of the most devastating economic events in recorded history and an important backdrop to Europe today. It all began with the efforts
of a few, well intentioned government officials.” Many will know what we are
talking about already…Originally, on this day (-2) in 1922, the German Central
Bank and the German Treasury took an inevitable step in a process which had
begun with their previous effort to “jump start” a stagnant economy. Many
months earlier they had decided that what was needed was easier money. Their
initial efforts brought little response. So, using the governmental “more is
better” theory they simply created more and more
money . But economic
stagnation continued and so did the money growth. They kept making money more
available. No reaction. Then, suddenly prices began to explode unbelievably (but,
perversely, not business activity).[ source ] PG View : The hyperinflation of the Weimar Republic is unquestionably Germany’s
defining economic moment, much like the Great Depression is ours. It goes a
long way toward explaining why Germany continues to balk at further bailouts,
leveraging, bond buying and expansive liquidity measures; they understandably
fear the inflation. Keynsian thinking says governments should be printing and
spending like mad in the face of grim growth prospects and an impending banking
crisis, but German’s recall all-to readily that when über-easy monetary policy
gets out of control, things can go from bad to catastrophic in a heartbeat.
Cashin’s piece is indeed an important history lesson we all should take heed
of. For further insight into the Weimar hyperinflation, be sure to read The Nightmare German Inflation . Previous:The latest b***s*** story into
the close is ‘rich’, but not as in wealthy. One interviewee / pundit even
preposterously referred to the ‘Marco Polo effect’, viz., that communist
China’s rumored to be about to save one of the PIIGS, italy … but who’s going to
save communist china … really … some very bad karma for communist china just
‘round the corner! Don’t forget, the market’s rallied literally many hundreds
of points owing to that spin / b***s*** called the ‘euro solution’, etc., which
of course, never existed in reality, but great ‘fraud’ points (that
computerized hf commissioned churn-and-earn, up and down, get you now and get
you later). Then the so-called ‘technical support’ levels … based on much worse
than spun fundamentals / reality. It’s the other way around, fools …
fundamentals create technical support levels, not vice versa . Unprecedented Monthly Volume
Sell-Off Suggests Now's the Time to Take Shelter at Minyanville Kevin A. Tuttle Sep 12,
2011 , Preparing for a Credit Crisis at Minyanville John Mauldin , What's the Long-Term Outlook
for Stocks and The Economy? ETFguide Simon Maierhofer, September 12, 2011 , ] Prepare For Recession And Bear
Market at Forbes Sy
Harding, ‘ Brace yourself for a recession , Senate (Quietly) Approves $500
Billion Increase in Borrowing Authority Sep 9th, 2011 by News (WSJ Blogs) PG View : Shhhhh. Don’t tell anyone, but we blew through that
initial $400 bln debt ceiling hike in about a month / Europe on the Verge of a
Political Breakdown News , 4 Bearish Mega Trends Simon Maierhofer / S&P 1,100 And Lower - More Likely
Than you Think , STOCKS DEMOLISHED, EUROPE NEAR
BREAKING POINT: Here's What You Need To Know Business Insider , Ominous Bear Flag Pattern Suggests
S&P 500 At 1,000 Keep in mind the ‘r’ word
(‘recession’- actually should be ‘d’ word for depression) subtracting out the
understated inflationary price increases (deflating growth with realistic
inflation deflator), we’re already there (– see, Burt Dohmen, Financial Crisis Phase II Is
Ahead at Forbes , infra ) 7 Reasons Why New Lows are Likely ETF Guide , Albert Edwards Has Another
Reason You Should Worry About Profits The Wall Street Journal , Mark Gongloff , Chart Shock: The REAL
Unemployment Rate Is 22% The
Daily Bail September 2, 2011 , Deja Vu All Over Again: Total
US Debt Passes Debt Ceiling… In Under One Month Since Extension Sep 2nd, 2011 News (ZeroHedge) , Global Recession: Right Here,
Right Now at
Minyanville Mike Shedlock Sep 02, 2011 , Fearing An Even Worse
Inflationary Depression Ahead Bob Chapman | The debauching of
currencies worldwide goes on with great abandon. Previous: Typical (suckers’ rally into the close on still
lingering hopes for more fed funny money that’s a detriment / negative to all
but the frauds on wall street and has been a dismal policy failure)
window-dressed end of month based on bad news, fraud, and b***s*** alone –
watch for fake data / reports out of their sheer desperation ,
Beware Dow In September: Do You
Believe The Data? [ NO! I DON’T BELIEVE THE GOVERNMENT DATA ( Famed economist predicts
economic calamity in 2012x http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 , NOR
DO I BELIEVE THE NON-GOVERNMENT DATA ( Accounting Gimmics Resurface
as Growth Flounders at TheStreet Rebekah Smith, infra) , Global Recession Likely,
Depression Possible: Economist
Aug 31st, 2011 by News (CNBC) , Ignore Buffett's Advice, Don't
Buy Stocks Forbes / The "Crimes" That
Wrecked The Markets Forbes / Lenzner , What to Expect Next From the
Markets at
Minyanville Jeffrey Cooper Aug 29, 2011 ‘Conclusion: It looks like a program was run using the least amount of
dollars to goose the indices by focusing on some big cap names like Apple ( AAPL ), Amazon ( AMZN ), Baidu ( BIDU ), IBM ( IBM ), and
Caterpillar ( CAT ) on Friday. That is
why the market is so dangerous here…‘ Arguments for Being in the
Crash Camp
Conor Sen Aug 29, 2011 ‘If you want to take
risk, only own things you're willing to own in a down 20-30% tape, because
that's what we could see over the next month...’
, Economic / Financial Collapse Imminent –
Stansberry Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv Harry Dent, Jr.
Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at
the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will
Occur Between 2010 and 2012). Fed Economists Predict A 15
Year Bear Market For Stocks Aug 23rd, 2011 News (BusinessInsider) , End Of Cycle Smelling Like Dow 3K,
Gold 3K No Recession Coming ... It's
Already Here , Financial Crisis Phase II Is
Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown , predicting the global crisis that occurred the following year. I now
see a similar confluence of events that warns of phase II of the global
crisis… My work shows that “the new recession has started.”… Over the past 33
years, we have called the start of every recession, often on the exact month,
or within one month, of the official start as determined one year later by the
official arbiter of recession, the National Bureau of Economic Research (NBER)…
However, inflation is far understated for political reasons. Currently, the GDP
deflator is 1.8%, which hardly reflects the true rise in prices. Therefore,
what is counted as “growth,” is actually price increases. Actual inflation,
according to free market economists who calculate inflation as it was done in
1980 before the politician re-engineered it, is now more than 11%. Using that
to adjust GDP for inflation, would show that the economy is now in a very sharp
contraction…’ , NOR DO I BELIEVE THE NON-GOVERNMENT DATA ( Accounting Gimmics Resurface
as Growth Flounders at TheStreet Rebekah Smith) at this point of abounding
desperation for both. ] Murray Coleman ‘If you believe in seasonal factors,
betting on the Dow Jones Industrial Average ETF ( DIA ) wouldn’t seem
like the best play about this time of year. Over the past 100 years, the Dow
itself has averaged a drop of 0.8% in September, according to Bespoke
Investment Group. Over the last 50 years, the Dow has averaged a fall of 0.79%;
in the past 20 years the benchmark has typically dropped by 0.60% during the
month…’ Obama's Legacy: A Failed Recovery & Double-Dip
Recession Forbes /
Mariotti ‘…There will be no significant recovery in the United States of America
while Barack Obama is President. The evidence is overwhelming:
everything Obama has tried to fuel a recovery (with his Democratic allies in
Congress) has failed. Statistics claiming jobs saved by the stimulus
package were mostly fiction, and cost American taxpayers about $275,000
each. Nearly 2-1/2 million fewer Americans have jobs than before the
stimulus. Barack Obama has been President for 30 months—2-1/2 years. He spent
the first year obsessed with passing Obamacare, a program that doesn’t create
jobs, but might destroy a lot of them. He “bailed out” GM, but many
believe that his interference didn’t save GM; it merely cost taxpayers an extra
$15-20 billion, and stole from legitimate investors to buy off the UAW.
His broken campaign promises are too numerous to list. At some
point, his statute of limitations on blaming Bush runs out…’ , The Bear Market Rally Has
Begun at
Minyanville
Toby Connor Aug 30, 2011 ‘…Investors need to be prepared. This is going to be a very,
very convincing rally. The tendency is going to be to buy into the media hype
-- that this was nothing more than a severe correction in an ongoing bull
market. This was not a correction. This was the first leg down in a new
cyclical (secular) bear market. And like all bear markets it will be subject to
violent countertrend rallies that toy with traders' emotions, and ultimately
cause investors to ride the bear all the way to the bottom…’ Scandal scarred commerce dept.
report on consumer spending with anemic income figures (typically as always
unworthy of belief as unbelievable anything the government says in their
desperation) spurs suckers’ rally (along with some short covering) to suck suckers in and keep suckers sucked in. Massive
Understatement: Mohamed El-Erian’s reply to Frank Motek 1070am regarding
particularly the 300+ point swing to the upside today, ‘(they’re) confused’!
Indeed they are! But when you’re commissioning those manipulated computer
programmed high-frequency-trade swings, churning and earning at lightning
speed, such euphemistic criticism falls short with the impact of water off a
duck’s back. Moreover, how pathetic are they, those
Pavlov dogs on wall street salivating at the mere prospect of a QE handout
ultimately at taxpayer expense, in one form or another. Even more pathetic is
the so-called ‘rally’ based on a purported rethink of fedspeak alleged to be so filled with ‘ latent / hidden ‘
meaning of a form of QE welfare down the road. Those pathetic ‘titans of
capitalism’; aka, the frauds of wall street.
Never mind that the QE’s have failed miserably and at great costs
(inflation, financial, economic, etc.) and detriment to all but the frauds on
wall street by way of their manipulated computer-programmed ( high frequency trading ) commissioned churn-and-earn. Wall street’s rise has
been among the causes of and comcomitant to america’s decline / demise. Remember, there is no modern day alchemy that spins
worthless paper into gold except fraudulently for the frauds on wall street
who’ve literally oftimes done exactly that; ‘cashing out’ for hard currency and
gold, precious metals, at everyone else’s expense including main street.
They’re just not that important and represent, like termites eating away at the
nation’s foundation, a drag on the economy, the nation as one would expect from
parasites such as they are. So
what’s changed of significance? Nothing! Absolutely nothing; yet a manipulated
computer-programmed ( high frequency trading bots ) churn-and-earn suckers’ rally based on desperation, bad
news, fraud and b***s*** alone to suck suckers in and keep suckers sucked in.
Horrific news on the economic front particularly since the anemic (revised
downward – and I think much worse than reported) 1% GDP growth is all owing to
hefty price increases / inflation, fudged and not reported accurately. Financial Crisis Phase II Is
Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown , predicting the global crisis that occurred the following year. I now
see a similar confluence of events that warns of phase II of the global
crisis… My work shows that “the new recession has started.”… Over the past 33
years, we have called the start of every recession, often on the exact month,
or within one month, of the official start as determined one year later by the
official arbiter of recession, the National Bureau of Economic Research (NBER)…
However, inflation is far understated for political reasons. Currently, the GDP
deflator is 1.8%, which hardly reflects the true rise in prices. Therefore,
what is counted as “growth,” is actually price increases. Actual inflation,
according to free market economists who calculate inflation as it was done in
1980 before the politician re-engineered it, is now more than 11%. Using that
to adjust GDP for inflation, would show that the economy is now in a very sharp
contraction…’ This is an especially great opportunity to sell / take
profits because there’s much worse to come! , Despite being glad that Apple has
survived (though outlook now dimmed regardless of rhetoric and beyond the Jobs
retirement), ‘american technology is horrendous and vastly overrated!’ I really
mean it, and that’s reality, which speaks volumes about the pathetic state of
the world , Famed economist predicts
economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50%
unemployment, 90% stock market drop, 100% inflation. See the Evidence (Newsmax.com , Bernanke - Man of Mystery:
Dave's Daily at
TheStreet ‘Bernanke did what a lot of people
expected him to do -- speak softly but carry a big printing press. After being
down nearly 200 points the DJIA rallied to close higher by 135 points. Pundits
shrugged embracing the idea if something was really wrong Bernanke would have
acted; besides, bulls' reasoned stocks are cheap based on trailing PEs of
around 12. Away from that was more crummy economic news with GDP printing at
only 1% growth. This may be revised lower again like most other indicators of
late…’ (Dave’s Daily:’.. The HAL 9000s have been doing business
as HFTs (High Frequency Traders) launching many buy or sell programs using
complex algorithms which can drive prices on indexes higher or lower in
dramatic fashion. One of their great acts is called "quote stuffing".
It's another illegal activity which the SEC hasn't quite figured out. It's as
futile for them as the illegal fee-driven recent end-of-quarter price
jam-job..’) Play It Again Sam: Dave's Daily [ As always, Dave is spot-on as an astute,
knowledgeable, seasoned veteran of the markets. ] ‘ …Thursday was another great show starring Jobless Claims, Warren Buffet,
HAL 9000s, Steve Jobs and, of course, Da Boyz running the CRIMEX (COMEX and
CME) on precious metals options expiration.The spin on Jobless Claims data was
prior claims were adjusted higher making recent higher claims look not so bad
especially when you add Verizon workers. Warren Buffett entered from stage left
with a $5 billion investment in Bank of America giving him 6% interest tax-free (a "coddled"
billionaire?) and making he and Berkshire a new TARP program. The HAL 9000s
have been doing business as HFTs (High Frequency Traders) launching many buy or
sell programs using complex algorithms which can drive prices on indexes higher
or lower in dramatic fashion. One of their great acts is called "quote
stuffing". It's another illegal activity which the SEC hasn't quite
figured out. It's as futile for them as the illegal fee-driven recent
end-of-quarter price jam-job. One of these actions was featured courtesy of our
friends at Zero Hedge and depicted below as it occurred Thursday afternoon. The first chart
features the quotes per second (NOTE: one instance exceeding 800 quotes per
second). The next chart shows the market's simultaneous reaction. http://www.thestreet.com/tsc/daves/082511/image002.jpg Steve Jobs sadly is retiring from
his leading role as Apple CEO but the stock hardly budged
given the products and brand are already well-known and his retirement was much
anticipated. Last, but not least certainly, was the performance of Da Boyz
production of gold price manipulation…’ Previous: Manipulated computer-programmed ( high frequency trading
bots ) churn-and-earn suckers’ rally into the close
based on desperation, fraud and b***s*** alone to suck suckers in and keep
suckers sucked in! Stocks up on
government report (I consistently and here now again warn of fake reports /
data) on durables far better than expectations / reality…100% better? I don’t
think so! … Come on … sheer desperation at best! Steve Jobs resigns from Apple, Cook becomes CEO - SAN FRANCISCO (Reuters) - Silicon Valley legend Steve Jobs on
Wednesday resigned as chief executive of Apple Inc in a stunning move that
ended his 14-year reign at the technology giant he co-founded i... [ Far more
than just a ‘Silicon Valley legend’, Steve Jobs literally saved Apple from
extinction … I’m truly glad he saved Apple, my first computer (1986 - apple IIc
for word processing / data based records / forms / templates / data which I
interfaced with an electric typewriter for letter quality) and for that all
should be thankful. Apple is the Nasdaq (40% weighting) and quite more, that
now was! That’s past tense. Steve Jobs goes out a big winner as indeed he
should! Yet, make no mistake, as one might expect, his timing was impeccable
inasmuch as without his uniquely inspired innovation, competition moving in,
and particularly the coming debacle / crisis the worst of which lies ahead,
things are not looking up, in and for pervasively corrupt / defacto bankrupt
america particularly, euphemistically speaking. ] End Of Cycle Smelling Like Dow 3K,
Gold 3K … ‘Our view [ the correct view ] is
that the bear market began in January 2000. The feds fought it off with two
huge extravaganzas of spending — the first beginning in 2001 the other after
2008. Stimulus does wonders for stock prices but it no longer works for the economy
that sustains them. For every dollar that the Fed has put to work to fight the
crisis since 2008, for example, it has produced only 80 cents worth of GDP. It
didn’t work……that the recession of ’08-’09 in the US never actually ended……and
that stocks will go down over the next 5-10 years until they finally hit a real
bottom…’ Ted Weisberg to Frank
Motek 1070am could think of no reason for the market to be up (B AD NEWS:
new home sales down, oil prices up - ‘China's manufacturing index showed a decline , the
seventh straight month of declines for German manufacturing big miss
on new home sales and a decline
in the Richmond Fed's manufacturing index .’ ) with some prodding ultimately a begrudging
mention of that meaningless fudge term ‘oversold’ which of course is no reason
at all particularly since the market is substantially overvalued so take this
as an especially great opportunity to sell / take profits because there’s much
worse to come ! , Fed Economists Predict A 15
Year Bear Market For Stocks Aug 23rd, 2011 News (BusinessInsider) — ‘The San Francisco Fed has come out with a research paper connecting the
dots between the retiring baby boomers and stock prices. The thinking is that
the boomers will divest themselves of stocks as they retire and eat into their
savings.…These conclusions are just horrendous! The suggestion is that there is
a 15-year bear market in front of us. Multiples will fall by 50%!!…“We do see
it as something of a headwind as the economy is attempting to recover.” … These
deep thinkers have it completely wrong. They think that the key to having a
stronger economy is higher stock prices. So they spend all of their efforts
dreaming up ways to keep the S&P ramping up. I think it is the exact other
way around. If the economy were to be growing [ you see, that’s the problem in
large part – the economy won’t really be growing (huge price increases /
inflation for the illusion), among a multitude of other problems ], it is
reasonable to assume that stock prices might rise. It is completely false to
assume that attempts to jigger stocks higher will lead to a stronger economy [
This is true, but the writer ignores the criminal fraud factor as the raison
d’etre for the ‘jiggering’.’ ] , Dow:Gold Ratio and the Secular
Bear Market Minyanville Toby Connor ‘ … Stocks.. after.. bear market rally, will roll over and continue down
into a final four-year cycle low..Depending on whether or not the Fed tries to
fight the cleansing process, or Ben Bernanke tries to stop the bear market with
another round of quantitative easing, stocks should either test or breach the
March '09 lows. Either way I expect that 2012 will go down as one of the worst
years in human history. Certainly in the same category as 1932, if not worse …’
, ‘american technology is
horrendous and vastly overrated!’ , Famed economist predicts economic calamity in
2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50%
unemployment, 90% stock market drop, 100% inflation. See the Evidence (Newsmax.com , Accounting Gimmics Resurface
as Growth Flounders at TheStreet ‘Rebekah Smith, director of financial advisory services at accounting and consulting firm GBQ consulting, says
accounting tricks and schemes are likely to start unraveling as we head into
2012 and the lag effect catches up. "The typical accounting fraud goes on
for about 18 to 26 months before it is uncovered. The frauds that took place in
2009 are not going to surface until later in 2011 or into 2012." ‘ ,
Morgan Stanley Biggest Welfare
Recipient as Federal Reserve Lent Banks $1.2 Trillion During Financial Crisis Wall St. Cheat
Sheet , Social Security disability on verge of insolvency ,
Welcome To The New Bear Market
For Stocks Forbes / Dow/Gold Ratio Lowest Since 1987
Crash , Ignore Buffett's Advice, Don't
Buy Stocks Forbes / The "Crimes" That
Wrecked The Markets Forbes / Lenzner , Tech Leading Market Lower The Wall
Street Journal , Banks closed in Fla, Ga, Ill;
2011 total is 68
, No Recession Coming ... It's
Already Here Minyanville's T3 Daily Recap:
Market Gives Back Weekend Gains Amid US Bank Woes at Minyanville’ ,Previous:8-18-11 Stocks rally off lows to suck suckers
in and keep suckers sucked in on bad news ( Jobless Claims, Inflation Rise
More Than Expected CNBC) , fraud ( SEC
destroyed documents, senator says Crimes Wrecked The Markets ), and b***s***
alone! MKM Bracing For SPY To Drop 8%
More; Nasdaq Nearing August Lows Barrons.com, WHY NEW LOWS ARE LIKELY Maierhofer, Is
It 2008 Again? Looking at the Summer Crash of 2011 Gayed ‘A real bear market has begun …’ , Abandon Ship ?[The USS Titanic] Yes, Because of These 5 Bearish
Icebergs ... McGill , There's A Recession Coming
According To The Data at Forbes ,
HP, Dell hammered as tech-spending outlook darkens JDSU,
NetApp, disappointing figures, shares hit hard in after-hours trade Dell
braces investors for a bumpy road Dell makes a case on why it can
better weather an upcoming storm , S&P says sell Google's shares after Motorola deal ,
STOCKS FALL
AFTER FLOOD OF BAD NEWS: Here's What You Need To Know Joe Weisenthal , Stocks Slip On
Concern Over Europe's Debt, U.S. Data , Watch Out:
2011 Looks A Lot Like The Market Top In 2007 Take A Lesson
From 2007 And Sell Stocks Now at Forbes, [video]
Trader: We Could Test 1120 Lows at TheStreet.com In a
Downtrend, Sell a Rally (Daily FX)
Latest:
Economist Who Predicted Market Crash Warns of 2012 Aftershock. See More Here. ) Five Reason
Stocks Are Crashing, Tips to Prepare for Meltdown (Moneynews) Unthinkable Poised to Happen on Wall Street. See Disturbing Charts. (Newsmax.com) US Recession
Is Guaranteed: Expert CNBC.com So what’s
changed of significance (other than previous full moon and consequent effects
on the lunatic wall street frauds) Nothing! Absolutely nothing, yet a
manipulated computer-programmed ( high frequency trading bots ) churn-and-earn suckers’ rally based on desperation,
fraud and b***s*** alone (ie., backward looking, ‘revisions’, faked data, etc.)
to keep suckers suckered, which makes for an especially great opportunity to
sell / take profits since there’s much, much worse to come! Regulators close 64th U.S. bank this
year U.S. consumer sentiment grim but
retail sales jump with gasoline prices up , [$$] 'Junk' Bonds Point to Recession , Stock Market
Parallels to 2000 and 2008 Should Not Be Ignored , How Low Will
Stocks Go? ‘ Michael Kahn,
who writes the Getting Technical column for Barrons.com and the QuickTakes Pro
blog, has long argued we’re in a secular (long-term) bear market, and he thinks
the cyclical bull is over, too. Like Arbeter, he sees 1,010 to 1,050 as the
next level of support for the S&P, and below that 930.’ 50%
unemployment & 90% Dow crash also predicted. Newsmax Tech
up? Is this some kind of a joke? Absolute confirmation of dire prospects
worldwide since american tech is horrendous.
(Newsmax.com) ‘ Robert
Wiedemer’s new book, “Aftershock: Protect Yourself and Profit in the Next
Global Financial Meltdown,” quickly is becoming the survival guide for the 21st
century. And Newsmax’s eye-opening Aftershock Survival Summit video, with
exclusive interviews and prophetic predictions, already has affected millions
around the world — but not without ruffling a few feathers. [ The instant video on the economic / financial collapse from Stansberry and
Associates is so well researched and
succinctly presented that I’ve archived
same on my website;
also, because the facts and views presented comport with the facts and views
I’ve presented on my site which I believe to be correct. This is a must-view,
must-see that I strongly recommend ! The
complete url: http://www.albertpeia.com/stansberrysinvestmentadvisory.flv http://www.albertpeia.com/stansberrysinvestmentadvisory.mp4 Written text of presentation (without
pictures / charts)] [A lot of pre-election year obfuscation,
manipulation but the debacle is already here:
Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010
or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will
Occur Between 2010 and 2012). Dow 1000?
Robert Prechter Thinks So Prechter
Reiterrates Call For Dow 1,000, Even As Surging Gold And Plunging Dollar Leave
Much Credibility To Be Desired Bulls Go to
Extremes: Don't Buy the "Breakout", Sell It, Prechter Says Russell: This
Is One Of The Largest Tops In Stock Market History My old friend, Bob Prechter, is talking about Dow 400. I
used to think this was an absurd joke. I no longer think it’s a joke. The
ultimate result will be a primary bear market shocking in duration and extent.
…’ Forecasts from Dent, Napier, and then
Prechter: Depression is Imminent The Dow Jones Industrial
Average will go down to at least 1000, most likely to below 777 which was the
starting point of its mania back in August 1982, and quite likely drop below
400 at one or more times during the bear market. [ 8 More
Reasons Why You Should Be Deeply Concerned That The U.S. Government Has Lost
Its AAA Credit Rating The Economic Collapse ‘… #8 The U.S.
national debt continues to get worse by the day. Just check out
what economics
professor Laurence J. Kotlikoff recently told NPR …. “If you add up all the promises that have been made for
spending obligations, including defense expenditures, and you subtract all the
taxes that we expect to collect, the difference is $211 trillion. That’s the
fiscal gap” ..’ Why You
Shouldn't Buy Into This Plunge Forbes/ O'Neil‘The
market is building momentum to the downside’.] Russell Napier is the author of the book “Anatomy of the Bear”, a professor at the
Edinburgh Business School and a consultant to CLSA Ltd. which is one of the top
research houses in Asia. Napier’s research indicates (and I paraphrase) that:
The S&P 500 will Decline to 400 by 2014 (the Dow 30 to 3800) The S&P
500 will then undergo a major crash that will see U.S. equity prices bottom at
almost 50% below current levels (i.e. to 400 or less; the Dow 30 to 3800 or
less) sometime around 2014 as Tobin’s “q” drops to 0.3 signaling the end of the
bear market, as it has done at the end of the four largest U.S. market declines
in 1921, 1932, 1949 and 1982. U.S. Treasury Sales Collapse Leading to End of
U.S. Dollar as Reserve Currency Robert R. Prechter Jr. is author of a number of newsletters and books including “Elliott Wave
Principle” (1978) in which he predicted the super bull market of the 1980s; “At
the Crest of the Tidal Wave – A Forecast of the Great Bear Market” (1995) in
which he predicted a slow motion economic earthquake, brought about by a great
asset mania, that would register 11 on the financial Richter scale causing a
collapse of historic proportions; and “Conquer the Crash: You can Survive and
Prosper in a Deflationary Depression” (2002) in which he described the economic
cataclysm that we are just beginning to experience and advised how to position
one’s self financially during that period of time. Depression is Imminent The
Dow Jones Industrial Average will go down to at least 1000, most likely to
below 777 which was the starting point of its mania back in August 1982, and
quite likely drop below 400 at one or more times during the bear market. Watch for fake gov’t data / reports owing to political
desperation! This an especially great opportunity to sell / take
profits, particularly if you missed Tuesday or May, since there’s much, much
worse to come! Thursday, Aug.11, 2011: what
changed from yesterday which warranted a more than 500 point plunge with paper
stocks still over-valued? Well, some bad news labeled as better than expected
1) 7,000 fewer jobless claims than expected (just a little over 1% better even
if you believe them – I don’t) 2) Cisco shows results ‘better than expected’ 3)
Record monthly trade deficit [ What
Recovery? Forbes ‘we can’t call this a recovery. There’s no reason to celebrate when a job
report was better than expected. Why? Because the expectation was abysmal to
begin with.’ ‘Cisco Systems Inc’s quarterly results edged past Wall Street’s scaled-back expectations ...“They beat a low bar. A lot of it is coming from cost cutting, which
we anticipated. In that sense it’s a relief,” Joanna Makris of Mizuho
Securities USA told Reuters. ‘Cisco, which depends on government spending for
about a fifth of its revenue, said in July it would cut 15 percent of its workforce and sell a set-top box factory in Mexico .. Cisco bulls may underestimate tough road
ahead Randewich.’ ] Tuesday, Aug.9,2011: what changed from yesterday which
warranted a more than 600 point plunge with paper stocks still over-valued and
a 545 bounce off of afternoon lows? Nothing! Absolutely nothing, yet a
manipulated computer-programmed churn-and-earn suckers’ rally based on fraud
and b***s*** alone to keep suckers suckered, which makes for AN ESPECIALLY
GREAT OPPORTUNITY TO SELL / TAKE PROFITS SINCE THERE’S MUCH, MUCH WORSE TO
COME! [ Is this some parallel universe where
unfounded criticism is levied at S&P for the downgrade when they’ve
actually cut the pervasively corrupt, defacto bankrupt disunited states a break
by not rating what america truly is; viz., junk status for the paper /
liabilities / obligations that cannot and will not be paid (or the equivalent
vis-ŕ-vis what would be in worse than evermore worthless Weimar dollars or some
other ‘ponzi-like’ subterfuge, obfuscation). The amounts are insurmountable
going forward. They point to Moody’s and Fitch; yet, let’s not kid ourselves,
S&P is the ‘800 pound gorilla’ in this world among rating agencies and
moody’s, fitch have substantially diminished themselves as entities consistent
with their ‘mission and purpose’ and as well, their credibility. I mean, come
on! Consider the pressure that was and continues to be applied. Moody’s and
fitch, quite frankly, folded. China’s rating agency has already downgraded u.s.
paper and they’re ‘holding’ (huge amounts of that u.s. junk); and hence,
against their own interest. Wake up! Wall Street closes worst week since
'08 with wild day NEW YORK (Reuters) S&P on
U.S. downgrade: Debt pact 'falls short' - Reuters S&P downgrades US credit rating
from AAA S&P Shocks the
U.S. with Credit Downgrade to AA+ from Prestigious AAA Rating Wall St. Cheat
Sheet What
Recovery? Forbes
‘…we can’t call this a recovery. There’s no reason to celebrate when a
job report was better than expected. Why? Because the expectation was abysmal
to begin with. And while we’re at it, we can’t ignore increasing sovereign debt
problems in Europe…’ ‘Top 3 Reasons
Markets Erased the Year’s Gains Wall St. Cheat Sheet 1) Japan and Europe 2) Unemployment.3)
Capital goods - billions of dollars in lost revenue. Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown , predicting the global crisis that occurred the following year. I now
see a similar confluence of events that warns of phase II of the global
crisis… My work shows that “the new recession has started.”… Over the past 33
years, we have called the start of every recession, often on the exact month,
or within one month, of the official start as determined one year later by the
official arbiter of recession, the National Bureau of Economic Research (NBER)…
However, inflation is far understated for political reasons. Currently, the GDP
deflator is 1.8%, which hardly reflects the true rise in prices. Therefore,
what is counted as “growth,” is actually price increases. Actual inflation,
according to free market economists who calculate inflation as it was done in
1980 before the politician re-engineered it, is now more than 11%. Using that
to adjust GDP for inflation, would show that the economy is now in a very sharp
contraction…’FLASHBACK HERE: Selling In
May Is Very Good Advice This Year Harding Remember: Sell in May and
Go Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards:
Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER: We're
Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock Market:
4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock
sales is telling. At 565 sells for every 1 buy, it’s never been
higher. Yes, it’s normal for insiders to be selling some of their stocks so
they can buy new yachts and some of this is pre-planned. But that ratio — which
has spiked recently — is extraordinarily high, one might even say off-the-chart ‘ previous‘…1) Job cuts. 2 ) ISM
service-sector report. Monday’s ISM
manufacturing report contributed to market losses on Monday,
but today’s report, though equally negative, didn’t quite have the same effect
as markets began to level out this afternoon. The ISM
service-sector index declined to 52.7% in July. The U.S.
service sector accounts for three-fourths of all economic activity, and employs
four out of every five U.S. workers , so a 0.5% decline speaks volumes about
the state of economic recovery…’ Factory orders for June fell by 0.8% (just
because they say the bad news isn’t as bad as expected does not make such bad
news ‘rally material’. Indeed, the huge ralleys based on now revised downward
data never seem to retrace that fake data induced stock surge based thereon. Service sector growth slowest since
2010 Moody's sets negative outlook on BNY,
JPMorgan S&P ends string of losses on tech
rebound Tech rebound? Is
this some kind of a joke? Tech up today? Absolute confirmation of
dire prospects worldwide since american tech is horrendous. Yet, sizzling
‘child’s play’ is the order of the day and credit still must be given to those
[ie., Steve Jobs-I’m truly glad he saved Apple, my first computer (apple IIc
for word processing / data based records / forms / templates / data which I
interfaced with an electric typewriter for letter quality)] who could (as he)
identify such novelties as the biggest over-priced / over-valued sensations
since the hoola hoop (hoopla hoops - which were pretty cheap and with some
minor health benefits to boot).Take this run-up as a gift based on fraudulent
wall street b***s*** alone and take this opportunity to sell / take profits /
‘sell today if you missed in may and then go away’! Nothing has been solved;
maybe forestalled. Rout spells trouble for Wall Street / Moody's
confirms U.S. rating at Aaa, outlook negative / Chinese
rating agency cuts U.S. debt again / Minyanville's T3 Daily Recap:
Signed Debt Deal No Cure for Sickly Market / US auto industry uneasy after
weak July sales / Fitch Unimpressed By Debt
Deal, GDP; Markets Unimpressed By Fitch / US
debt deal alone won't sustain AAA rating / Stocks
now down for year as economic concerns grow – AP The
Daily Market Report Aug 1st, 2011 PG ‘Relief? What Relief? http://www.usagold.com/cpmforum
… Late last night when party leaders and the President
announced that they had reached a bipartisan deal that would allow the debt
ceiling to be raised, gold dropped about 1%. Global stocks rallied in relief
and briefly, ever so briefly, gold was out of favor…CBO scores the package as
accomplishing $2.1 trillion in spending cuts over the next 10-years, the CBO
baseline also has the deficit rising $6.7 trillion over the same period. The
premise apparently being that we’re working our way to actual cutting by
cutting to slow the pace of the nation’s proliferate spending. In actuality —
and as evidenced below — that CBO baseline may prove to be way too optimistic.
What really lit an intraday fire under gold today was the big miss on US July ISM,
which plunged to 50.9. The market was expecting a modest downtick to 55.0 from
55.3 in June… ’ The
Truth About The Debt Deal: It’s Pretty Much Meaningless Business Insider/ Come on! Who believes their
pre-election year data, reports, b***s***? There’s desperation in the air and
like never before! One commentator, Peter Shiff, to Frank Motek of 1070am
Bus.Report references the sham in Washington; and regardless, points to default
by way of inflation, further stating that the debt ceiling’s already been
breached by borrowing. Moreover, he additionally states that default is
inevitable by way of inflation; that the fed will be buying the evermore
worthless american paper (bonds) and creating/printing evermore worthless
american dollars; that there’s been a quid pro quo with at least one of the 3
(S&P, Moody’s, Fitch) federal licensed rating agencies, viz., of
reaffirming the u.s. AAA rating in return for no prosecution surrounding their
role in the S&P AAA rated worthless (fraudulent, mortgage-backed,
derivative) paper securities (fraud) giving rise to the previous leg of this
continuing, ongoing debacle / crisis. He finally goes on to recommend non-u.s.,
non-dollar denominated assets, precious metals, and alternate currencies. Initial
unemployment claims Jul.
21, 2011 which bad news sparked wall street rally … what
total b***s***. No budget deal, celebrated Greek Plan – DEFAULT! … sounds like
a plan!…, backward looking earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean
Hanlon / Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long time.
US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of the money owed to cover future liabilities in
entitlement programs the US is actually in worse financial shape than Greece
and other debt-laden European countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘ USA
INCOME STATEMENT :Total federal spending in 2010
amounted to $3.456 trillion. Total receipts added up to $2.162 trillion. USA
Inc.'s 2010 deficit was $1.294 trillion.The 2011 federal budget is $3.7
trillion with a projected deficit of$1.6 trillion. … USA
BALANCE SHEET : Consensus estimates for unfunded
obligations vary. Mary Meeker pegs the shortfall at $31 trillion, PIMCO's Bill
Gross estimates the unreported debt to be $75 trillion, while other estimates
exceed $100 trillion (these amounts are insurmountable) …’ Huge suckers’ rally to keep
the suckers suckered in this market based upon backward looking data discounted
multiple times to the upside (including the apple numbers as recently as last
week on ‘leaked’ expectations of ‘better than expected’, etc.), taxpayer funded
QE results, and b***s*** alone. This is an especially great opportunity to sell
/ take profits since there’s much, much worse to come! IT'S
GOING TO HURT 'FOR LONG TIME TO COME' ‘God
bless us everyone’! … As if we didn’t
already know it / feel it! Dave's
Daily 'If
you can keep interest rates this low this long, its inevitable cheap financing
can allow companies to start cobbling each other up. Further Ben's policies
allow companies like IBM to sell bonds at 1% and buy back shares with the
proceeds (total paper bubble-scam). POMO is occurring almost daily and
Primary Dealers can buy back their shares and pay dividends with what
essentially is taxpayer money-- Why
The Dow Will Plunge To 7,000 By 24/7
Wall St. S&P Poised For Dropoff,
Says Initial Jobless Claims Forbes / Maureen Farrell ]
A Decade of Decline in Equity Markets Faisal Humayun [ This is a must read and explains how the market’s been
artificially propped, the dow relative to hard assets, ie., gold (dow/gold
ratio), has actually crashed 78%, and comparable prospects for the next decade,
etc.. ‘…The Dow Jones Index was trading at 11,357 levels at the beginning of
the year 2000. More than a decade later (as of beginning July 2011), the index
is at 12582. Therefore, the index has gained 11% in the last ten years…’ Yet,
the inflationary dollar (declining) debasement rate was 31%. (-31%) {See the
inflation calculator infra – and that’s just the government (inflation) numbers
… reality is much worse!} Meanwhile, the frauds on wall street are churnin’ and
earnin’ like never before at lightning computerized speeds enabling the
high-frequency trades that are commissioned in unprecedented large volumes; a
big net negative in real economic terms.]
While Washington Fiddled The
Economy Burned at Forbes [ Oh
come on! Let’s get real here! The economy was already burning (see infra),
Washington notwithstanding! Indeed, the frauds on wall street with those
contraindicated paper stock computer programmed commissioned churn-and-earn
rallies would love for you to think it’s Washington only {that aw shucks,
coulda’ been clear sailin’ otherwise moment; but the reality is that things are
far more dire financially and economically than their window-dressed scams
would indicate, though washington’s no help, incompetent, unknowledgeable, and
ineffectual as they are (although fraudulent wall street, aside from their
consummate scammin’, is little better and probably overly relied upon and light
in those very areas one would expect to find profiency; viz., finance and
economics.) Most importantly, realize that if wobama’s actions had not belied
his words/campaign promises, the nation’s position, though still ominous, would
have been substantially improved.} ] Check out this inflation
calculator: http://www.albertpeia.com/inflationcalculator.htm
Here’s a picture of obama voters / backers: http://www.albertpeia.com/wobamavoters.gif
Beneath the Market’s Swings,
Some Real Cause for Worry News Jeff Cox August 11 (CNBC) — ‘So
whether this equals, falls short of, or exceeds the financial crisis of 2008
hardly seems to matter—investors are afraid, very afraid, and the question as
much as anything in the minds of many market pros will be what soothes that
fear. Analyst Dick Bove at Rochdale Securities says he knows why: More
restrictive capital requirements and near-zero interest rates set at the
Federal Reserve [cnbc explains] that make lending neither easy nor lucrative, a
trend that will make it difficult for the economy to grow. “If one thinks
through these limitations it can be seen that banks must shrink their balance
sheets and change their business patterns to maintain their profits. What they
are unlikely to do is to expand their lending activities in order to grow the
economy,” Bove wrote in a lengthy banking analysis Thursday.“However, the
Federal Reserve is suggesting that the economy is unlikely to grow,” he wrote.
“If the Fed is prescient, then banks are facing higher loan losses, lower loan
volume, and reduced margins on a wide array of banking products. The outlook is
not appealing.”“Even though the United States is able to both print and borrow
money, it is as bankrupt as the Europeans,” Bove wrote. “Covering deficits and
paying debt with borrowed funds, some of which is newly printed, does not
constitute meeting debt service requirements.”…’
The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed ! Previous, full moon and fraudulent wall street, get
this, rallies on not as bad as expected EU stress tests and better than
expected google results but forget the dire consumer (recession level) consumer
sentiment number ‘cause after all, consumer spending just a paltry 70% of
GDP. Think about this: short-lived
Pavlov dog rally (the conditioned stimulus) on hopes for more welfare for wall
street and some good results in communist China. This despite the previous
failure of QE for everyone but the frauds on wall street and ultimately, though
circumlocuted, at great taxpayer expense. Titans of capitalism? How ‘bout the
biggest unprosecuted frauds in the world. Preposterous! Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the
unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall
street ( and declares with oscar in hand that not one high level wall street
exec has been prosecuted … despite ‘earning’ billions from the fraud ) … I want just one person with courage
enough to stand up and explain to all that these huge commissionable
computerized trading volumes like never before are a net negative in a very big
way … that’s a fact … that’s economic reality in real terms! … Trade deficit up, growth predictions by fed
scaled down [ do you recall how many upside market points for the false, more
positive growth projections by the ‘no-recession’ fed, then there’s also the
costly, hyperinflationary failed QE hopes, more fed jawboning rallies the
frauds on wall street off their lows to keep suckers suckered – they all belong
in jail! Housing Woes to Cause
Recession in 2012, Says Gary Shilling - Peter
Gorenstein STOCKS BARELY FALL AFTER
MOUNTAIN OF BAD NEWS: Here's What You Need To Know Business
Insider Weisenthal Economic
scenario far worse than expected (and in this pre-election year the reality is
still far worse than reported), yet stocks still rallied off lows to keep
suckers sucked in to this fraudulent market
Click here to see the new
scariest jobs chart ever
http://www.businessinsider.com/details-from-the-awful-june-june-jobs-report-2011-7 > See all 12 charts from St Louis Fed: http://static8.businessinsider.com/image/4e1712edcadcbba25f030000-595-356/chart.jpg Previous:Stocks rally on jersey-based, former Lautenberg ADP still
paltry, better than expected 157,000 private jobs number and one’s got to
wonder ‘who got paid’, one way or another, for the fudge. Then there’s the
horrific ‘american tech’. Retail? The defacto bankrupt government’s probably
buying with money they don’t have, at best; and, as with other data in these
desperate pre-election-year times, plain false, falsified, fudged, spun.
Previous day, all bad news … from eurozone (protugal, et als), to asia zone
(china worse than expected), to america (where to begin, from defacto
bankruptcy, to debased currency, to insurmountable debt / dervice, to pervasive
corruption, etc.) … stocks rally on fraud and b***s*** alone. Previous,
higher oil price rally, along with Netflix ‘technology rally’ … Don’t make me
laugh! … Total desperation on wall street and in Washington … How pathetic! … Jobless claims
at 428,000 much worse than expected; and, don’t forget, these are desperate
‘pre-election times’ when regardless of factual reality (ie., fake reports,
data, as, ie., ‘wobama hometown’ corrupt chicago ISM is up as even their youth
gangs are showing increased criminal activity which probably accounts for the
rise; ie., meth, crack labs, etc.?) data / reports are fudged / faked / spun. Foreclosure,
distressed sales up, at least on paper with contracts signed, so no surprise
nor reason to cheer here, as markets worldwide jump on the american crazy train
for a short-lived bounce as all problems remain. This is the same month end (and quarter, half) spurt /
window dressing based on b***s*** alone to keep the suckers suckered and an
especially great time to sell / take profits since there’s much worse to come!
Talk about milking the greek crisis for the umpteenth time a so-called solution
(and there are loads of greecy scenarios worldwide … I don’t think so and neither does Schaeffer who says: ‘…even once
such a package is passed it only buys time. Actually fixing the fiscal
condition of Greece is not something that can be solved in a matter of weeks,
or even months… ‘ but it’s great press for the
churn and earn and to keep the suckers suckered. Technology
rally? Defacto bankrupt american technology is horrendous but great sizzle for
the new fraud as in the dotcom bust days. Then there’s the greasy b.s. new
greecy b.s. factor. The rally into the close and the
previous so-called (4 day) ‘rally’ was based on b***s*** alone to keep the suckers
suckered and for ‘smarter money ‘ along with the frauds to sell into. This is
an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Selling In May Is Very Good
Advice This Year Harding
Remember: Sell in May and Go Away and If
You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [
He’s not alone! PRECHTER: We're Still In A
Massive Bear Market And Stocks Will Crash To New Lows Stock Market: 4 Current
Warning Signs
Navin ‘…1) The
5-year high in the level of insider corporate stock sales is telling. At 565
sells for every 1 buy, it’s never been higher. Yes, it’s
normal for insiders to be selling some of their stocks so they can buy new
yachts and some of this is pre-planned. But that ratio — which has spiked
recently — is extraordinarily high, one might even say off-the-chart. Wall Street 'Vastly
Underestimating' Risk of Debt Default
Forbes / Robert Lenzner StreetTalk ‘ “Meet the
Press” climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY Times . The risk of a debt
default over the combustible issue of the Medicare deficit hangs over the
course of the stock market. Buyers Beware!“I was up in Wall Street this
week,” Brooks said. “They’re vastly underestimating the source of piolitical
risk here. We could have a major problem, I think, either this summer or the
next couple years. And I’d be worried about investing too much in the market.
That’s my financial advice.”…’ Another Financial Crisis Is On
The Way, Mobius Says
Market Crash 6/30/11?Technical indicators suggest market
collapse may begin by June 30th Dennis Slothower is one of the world’s leading
technical analysts. He’s one of the few advisors whose readers completely
avoided ALL losses during the disaster that was 2008. And now he’s issuing
another dire warning. His technical indicators suggest that the market
manipulation we’ve seen over the last several months is about to come to an
end…and that means thousands of investors are about to get clobbered. This
correction could begin as soon as June 30th – so it’s important that you take
action now to prepare yourself. StealthStocksOnline.com STOCKS HAVE BIG RALLY AFTER
PILES OF UGLY NEWS: Here's What You need To Know Harry Dent: “Major Crash”
Coming for Stocks, Commodities Already Topping Out 24 Signs Of Economic Decline
In America ‘The US is in the middle of a devastating long-term
economic decline..’ ] States face shortfall for
retirees (WP) Public
workers’ retirement funds had a gap of $1.26 trillion at the end of fiscal
2009 Study: Affordable rentals
scarce (WP) Poll: For Obama, low marks on
Afghan war (WP) Fuel prices cut into Obama
popularity (WP) They’ve used the contrived mideast turmoil and their wars
to obfuscate and divert attention from their failure. Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Dave's Daily 'If you can keep interest rates this
low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- Why
The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P Poised For Dropoff, Says
Initial Jobless Claims Forbes / Maureen Farrell
Take A Lesson From 2007 And
Sell Stocks Now at Forbes, Sean Hanlon ‘ August has
given new meaning to “the dog days of summer” as the broad equity market has
retracted all year-to-date gains and dropped into negative territory, all
within the first couple weeks.
As
written in my previous Market Commentary on July 20,
our research uncovered potentially dangerous activity in the equity markets
that could lead to a break and high volatility. We presented this in that
Market Commentary by the chart in Figure 1 below. Using our proprietary
research methodologies, we elected to make a major “tactical” move on June 17.
That
move reduced all equity and high-yield bond exposure, creating 50% cash or cash
equivalent allocations across all portfolios. This defensive move was shown to
be prudent as volatility erupted and considerable downside was experienced in
equity markets in the first week of August, as shown in Figure 2.
Figure
1 (click image to enlarge.)
http://blogs-images.forbes.com/advisor/files/2011/08/11.jpg
With
this heightened volatility, we were observant that this market behavior was
eerily similar to market conditions in 2007. To elaborate on this point, let’s
compare the S&P 500 Index for 2007 vs. the first seven months of
2011. As you can see below in Figure 2, 2007 experienced high volatility
yet remained range-bound in an upward trend (represented by the overlaid black
bands).
Figure
2 (click image to enlarge.)
http://blogs-images.forbes.com/advisor/files/2011/08/2.jpg
The
first half of 2011 maintained a range-bound upward trend until finally breaking
sharply to the downside in the first week of August.
Of
course now everyone wants to know what happens next? Our research has no
special predictive power of what may happen now that the “trend” has been
broken. Instead, what our research is telling us is to remain extremely
cautious at this time. We have since moved client portfolios to almost
100% money markets and/or cash equivalents in all accounts. We do
maintain some high quality bond positions.
You
may think “But I can’t make any money in money markets, they pay nothing these
days!” True enough, but there are many times in one’s investing lifetime
where the best investment is to simply maintain principal. That principal
amount will be able to potentially purchase more in the not too distant future.
A
simple example is stocks. On April 29 of this year, $1,340 purchased the
equivalent of one S&P 500 Index share. Today, to own those same
companies that make up the S&P 500 Index, the cost is below $1,200, yet the
same amount of dividends is being received. In this period preserving principal
has resulted in increased “investment” purchasing power, income and potentially
increased return.
Related article: Watch Out: 2011 Looks A Lot
Like The Market Top In 2007 ‘
New Business Articles /
Topics / Links
{scroll down to current date, past links of continued, current importance}
[ or, go directly to today’s business headlines ]
All truth passes through three stages. First, it is ridiculed. Second, it
is violently opposed. Third, it is accepted as being self-evident. --Arthur
Schopenhauer
Compendium of
Important Business / National / World News / Topics / Articles / Headlines
http://albertpeia.com/articlelinkspage3.htm
STOP ACTA AND TPP http://albertpeia.com/stopactatpp.htm
Drug war hypocrisy: drug
trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the
amount of drug trafficking that benefits the CIA and international banking
system. Natural News February 1,
2012 [
http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is
outrageous when compared to the amount of drug trafficking that benefits the CIA
and international banking system. The son of a convicted notorious mobster,
John Gotti Jr, when asked in court if the family still dealt drugs cracked,
“No, we can’t compete with the government.”
Guest Post: Counterfeit Money,
Counterfeit Policy Durden Counterfeiting is illegal because it is the false creation of value . The counterfeiter takes low-value paper and turns it into high-value
money, which is fundamentally a claim on the real productive value of the
economy that issues the currency and recognizes it as a proxy means of
exchanging that productive value. Counterfeiting is illegal because the
counterfeiter creates no additional value--he creates only the proxy for value.
Creating real value--adding meaningful goods or services to the economy--is
tedious, hard work. How much easier to simply transform near-worthless paper
into a claim on actual goods and services. If this is illegal, then would
somebody please arrest the Board of the Federal Reserve for counterfeiting? The
Fed has blatantly printed money without creating any real value to back up
their added claims on productive value. Hence they are counterfeiting, pure and
simple. A government based on rule of law would arrest these fraudsters and
cons at the earliest possible convenience.
The Markets Since Their 2000
Highs: We're Not Bouncing Back
http://www.bullfax.com/?q=node-markets-their-2000-highs-were-not-bouncing-back ... [ Actually the picture is
even worse if the real inflation rate used. Wall street is total fraud and
b***s***! Keep in mind, in addition to loss of principal, the flux / worry
takes its toll on health as well as productivity. ] 02/02/2012 By Doug Short
‘ The January Effect in 2012 was quite strong, and the U.S. markets have continued the rally
that began last October. But let's take a step back and review the performance
of the major US indexes in the 21st century through the end of January 2012.
Here is an update in response to a standing request from David England, a
professor who has developed a popular college level stock market classes at
John A. Logan College in Carterville, Illinois. David is also the founder of thetraderseye.com . In his
upcoming presentations, he wants to disprove the standard message of Wall
Street, "Don't worry! The market will always come back." I furnished
David with some charts, and I shared them with regular visitors to my Advisor
Perspectives pages. Specifically, David had asked for real ( inflation -adjusted) charts of the S&P 500, Dow 30, and Nasdaq Composite. So I
created two overlays — one with Complete Story » [ The following are important
charts from Doug Short:http://albertpeia.com/3real2.png
http://albertpeia.com/3real3.png
http://albertpeia.com/3real4.png
I Can’t Take It Anymore! When
Will The Government Quit Putting Out Fraudulent Employment Statistics? http://theeconomiccollapseblog.com http://albertpeia.com/governmentfraudulentemploymentstats.htm
News Flash: The Rally Is
Over…For Now
The Wall Street Journal ‘..That’s enough of
a pullback for Mr. Arbeter to call a near-term top. He sees the S&P 500
tumbling into the 1290 to 1320 range by early March, with tech stocks as
the ”most overbought and vulnerable to some profit taking.”..’ This Is What An
Economic Depression Looks Like In The 21st Century http://theeconomiccollapseblog.com http://albertpeia.com/21centurydepressiongreecedusup.htm
9-19-12
America’s Coming Depression Posted by : Bruce Krasting Post date: 06/17/2012 - 09:27 Happy Father's Day!
AMERICA’S FAILED ECONOMIC APPROACH IN A NUTSHELL (image
courtesy of Dave Fry http://etfdigest.com ) :Well done, Dave! http://albertpeia.com/holytoledo.htm
Dave’s Daily: http://www.etfdigest.com http://etfdigest.com/commentary.html BANKS RALLY ON DOWNGRADES 6-22-12
It would appear the rating agencies are either “leading from behind” or
just don’t have much respect these days after they botched the mortgage crisis
{ As an aside, I thought Rodney
Dangerfield was absolutely hilarious in that great comedy classic, ‘Caddyshack’
and I’m glad Dave used his image here http://albertpeia.com/dangerfieldindeed.jpg }.
http://albertpeia.com/europeinsolvent.htm
http://albertpeia.com/toomuchdebt.htm
http://endoftheamericandream.com
http://albertpeia.com/americandreamdestroyed.htm
June 27, 2012 By gpc1981 http://albertpeia.com/eualreadybrokenup.htm
GOP:
Ruling will hurt swing-state Dems in November { This may
seem somewhat counterintuitive and a bit of a rationalization; but, it is
absolutely true. So true in fact, that wobama will come to be compared to
Pyrrhus of Ephyrus (W. Greece) since realization of what this legislation won’t
do for americans and the economy and what it actually does will not have the
galvanizing effect that striking the bill down would have had on voters who
were thinking ‘another free lunch from the government’ will save them (we all
now know better, no such thing). Yes, in somewhat European tradition, defacto
bankrupt america is keeping up with the (ie., rating agencies Egan) Joneses.
After all, we all know how well this European program model is working out for
Europe (and any other nation that’s tried it). In the final analysis, this and
such programs as the contraindicated bailouts for the unprosecuted frauds on
wall street, etc., will prove to be the ‘camel-back breaking’ moment for america;
and, a pyrrhic victory for the egregiously failed president wobama. America’s debt woe is worse
than Greece’s News (CNN) — ‘Our government is utterly
broke. There are signs everywhere one looks…The government’s total indebtedness
is $211 trillion ’ … }
Jaw-dropping
switch saves 'Obamacare' ‘In his White House memoir, “Courage
and Consequence,” Karl Rove recalls being the lone non-lawyer among the group
of George W. Bush aides who initially interviewed John Roberts for the Supreme
Court in 2005. Rove asked Roberts to go back in history to name the justice
whom he most revered. Roberts’ answer, Robert Jackson, intrigued and reassured
Rove. When appointed in 1941, Jackson was serving as Franklin Roosevelt’s attorney
general and had been expected to be a pro-New Deal rubber-stamp on the court…’
{ I’d say that, like wobama, Roberts on
an attention-starved court of meaningfully lawless rules in a meaningfully
lawless nation was just looking for a legacy to hang a hat on! So, while we’re all getting ‘greeked’, let’s
get really greecey and immerse ourselves in greek lore and in potus and scotus
being the modern day equivalents of scylla and charybdis. }
http://albertpeia.com/15reasonsobamacareisadisaster.htm
Europe Will See Deep Depression,
Schoenberger Says
The Great Crash Ahead with
Author Harry Dent
http://albertpeia.com/anotherbiggestfinancialscandal.htm
http://albertpeia.com/20factsaboutwalmart.htm
{ All I can say now is that in very
‘unamerican fashion’, my latest infrequent Walmart transaction was absolutely
flawless in price, quality, and execution. I’m still ‘numb’ from the very
‘unamerican experience’! This article
is included as a matter of first amendment principle! }
http://albertpeia.com/70reasonstomournforamerica.htm
White
House on weak jobs report: Don’t ‘read too much’ into it Olivier Knox, Yahoo! News { Riiiiight! Sounds like a plan! After all,
wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having
done anything of substance in his entire life. Indeed, even his so-called
‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced
fantasies which reveal a psychogenic/dissociative amnesia that works well in
the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign
trail’ littered with the cowpies of stark reality. People owe themselves and
their children more than this grifter’s con which in numbers measures more than
the increased deficits of all the presidents since President General Eisenhower
combined in his futile attempt to obfuscate his unequivocal failure. }http://albertpeia.com/10waysobamakillingjobsinamerica.htm
Obama
administration repeats same jobs line — for the 30th month
http://albertpeia.com/neverenoughjobsinamericaagain.htm
http://albertpeia.com/10waysobamakillingjobsinamerica.htm
http://albertpeia.com/archives.htm
http://albertpeia.com/14creepygovernmenttechnologiestospyonyou.htm
Formal complaint seeks
disbarment of Eric Holder in DC
Daily Caller | Attorney General Eric Holder could lose his license to
practice law in the District of Columbia.
http://albertpeia.com/euinrecessionusrecessionchinachinakissmyhina.htm
http://albertpeia.com/corndyingoveramerica.htm
http://albertpeia.com/19warningsofglobalcatastrophe.htm
http://albertpeia.com/4reasonsforlessoptimism.htm
http://albertpeia.com/27thingsamericansshouldknowaboutnationaldebt.htm
http://albertpeia.com/12hellholesvisionofamericasfuture.htm
Http://albertpeia.com/nomoreqe.htm
http://albertpeia.com/fedcantwontsaveusfromgreatdepression.htm
The New Depression: The
Breakdown of the Paper Money Economy
http://albertpeia.com/endofbernankeput.htm
http://albertpeia.com/endofpetrodollar.htm
http://albertpeia.com/germanywillleaveeuro.htm
Paul Joseph Watson | One of the biggest cover-ups in U.S.
political history. http://albertpeia.com/obamasfraudulentbirthcertificate.htm
http://albertpeia.com/americacursed.htm
http://albertpeia.com/12signsusrecessionhasbegun.htm
http://albertpeia.com/20signspointtoeconomiccrisiscollapse.htm
Dave’s Daily: http://www.etfdigest.com BAD DATA IGNORED IN FAVOR OF TECH 7-19-12
{ Tech? Palease, don’t make me laugh! This ‘bad news is good’ scenario
based upon hopes for contraindicated, egregiously failed QE for the benefit of
the frauds on wall street only to the detriment of everyone else with such
hopium rallying stocks has gone beyond the point of ridiculous. It’s really
rather pathetic, these so-called wall street mavens/titans of capitalism, the
largest of which remain unprosecuted for their huge, lucrative, debilitating
frauds wanting/expecting even more on the public dole. They’ve even gotten to
the point where their computers are selling to themselves for the ‘churn and
earn’ along with the algo-driven contraindicated moves up. The markets are
totally cooked! Dave as always is spot-on the case! }
http://albertpeia.com/globalfoodcrisis.htm
Dave’s Daily: http://www.etfdigest.com http://albertpeia.com/stockmarketreplay.htm ‘2010-11 STOCK MARKET REPLAY 7-23-12
July 23, 2012 By gpc1981 http://albertpeia.com/europesystemiccollapse.htm …
After that will come Japan, then finally
the US. By the time the smoke clears, we will have seen systemic collapse.
This will mean:
1) Many major banks
disappearing, as well as numerous potentially lengthy bank holidays (think
Argentina in 2001)
2) Multiple sovereign defaults
as well as broad economic contractions and their commensurate unemployment/
civil unrest/ erasure of retirement accounts/ pensions (this process has
already begun in some US municipals, e.g. San Bernandino and Stockton
California as well as Harrisburg Pennsylvania).
3) Possibly new currencies
being introduced or new denominations of currencies (say one new unit being
worth 1,000 of the old one)
4) Massive wealth destruction
to the tune of tens of trillions of Dollars (think MF Global i.e. the money is gone … only systemically… in fact we just had another such
instance with PF)
5) A global contraction that
will result in new political/ power structures being implemented as well as the
breakup of various countries/ unions.
6) Very serious trade wars to
begin (see Obama’s recent attack on China) and very possibly a real war.
If the above make you frightened, you’re
not alone. As I’ve dug deeper and deeper into the inner workings of the global
financial system over the past months, the information I’ve come across has
only gotten worse. I’ve been holding off writing all of this because up until
roughly April/May it seemed possible that the world might veer towards another outcome.
I no longer view this to be the case. I am
almost certain that what I’ve written above will come to pass. I know that much
of what I’ve written to you in the past could be labeled as “gloom and doom.”
However, I want you to know that I do not use the words “systemic collapse” lightly . Indeed, I wish I wasn’t mentioning them now, but I’d be
doing you a disservice not to bring them up because we’re well on our way
towards it.
http://albertpeia.com/americansickos.htm
http://albertpeia.com/12signsspainrecessiontodepression.htm
http://albertpeia.com/nytimessaysallusnewscensoredbygovt.htm
http://endoftheamericandream.com
http://albertpeia.com/55percentamericansbelievegovernmentwilltakecareofthemindisaster.htm
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm }
Submitted by Tyler Durden http://albertpeia.com/libor.jpg
http://albertpeia.com/nothingthatsaneradultscantcure.htm
{ Riiiiight! It’s them dern kids who comb their hair in that funny way!
Dem dern kids who’ve bankrupted the nation and their generation particularly
without even asking themselves! Dern kids who’ve watched these ubiquitous wall
street frauds churn and earn by way of computerized algo frauds day in, day out
among the largest frauds by the largest institutions still unprosecuted but
‘donating’ heavily to the corrupt, incompetent politicos which makes their
nation-debilitating crimes seem ‘alright’! Dern kids who’ve kept those real
wars rolling for the sake of the military industrial complex as warned against
by the great but underrated President General Eisenhower. Dern kids who clamour
to be abused by sick, pedophilic adults. Well, one could at best for the sake
of this article’s strained credibility/premise say, ‘it’s all in their genes’;
which of course leads us ineluctably back to the quintessential question,
‘what’s wrong with american kids?’ and the unequivocal answer, ‘look in the
mirror politically correct american adults’! The following article is included
as a matter of first amendment principle. As for me, it’s not the kids who are
america’s/this world’s problem! }
http://albertpeia.com/100millionpovertystrickenamericans.htm
http://albertpeia.com/downgoesbritain.htm
Dave’s Daily: http://www.etfdigest.com SANDY FALLS ON GOLD PLATED SWORD 7-25-12 { Sandy who? Aw geeh … I
thought Dave was talking about that other sandy (sandusky of jo pa’s p.s. fame, they worshipped together)
who cornholed quite a few himself! }
‘Now that the architect behind the repeal of Glass-Steagall has made off
with his hundreds of millions he comes clean and says the entire episode was a
mistake { Riiiiight! In the immortal words of Maxwell Smart, ‘’missed it by
that much’ }.
http://albertpeia.com/europecanandwillcausesystemiccollapse.htm
Dave’s Daily: http://www.etfdigest.com ‘DRAGHI JAWBONES SHORT SQUEEZE 7-26-12
“Words, words,
words, I'm so sick of words
Sing me no
song, read me no rhyme
- Alan Lerner: My Fair Lady
Facebook revenue growth skids, shares plunge
http://albertpeia.com/draghinbsandcrash.htm
http://albertpeia.com/obamademskillauditfed.htm
Dave’s Daily: http://www.etfdigest.com BULLISH QE ALGOS 7-27-12 ‘It’s difficult to comprehend the tape
sometimes, especially when you try to square it with the overall news. The
bottom line is bulls have placed their bets that the eurozone will be fixed and
weaker U.S. GDP both will be met by a heavy dose of QE. Everything else doesn’t
matter. Bulls don’t believe the Germans, despite Bundesbank’s comments to the contrary;
will block bond buying by Draghi and the ECB. The key phrase in the linked WSJ
article was, “If there is no ECB bond buying next week stocks will collapse”. {
AP: What I really can’t fathom is how, why people are so eager to support the
churn-and-earn paper fraud on wall street (their computers are literally
selling to themselves along with the other programmed algo insanity –
helping/facilitating these costly wall street frauds which have not helped but
in many ways hurt the real economy – their gain is everyone else’s pain as that
money in their pockets must come from some real place; viz., your pockets –
there’s no free lunch). Their buying time with b***s*** also facilitates the
transfer of their ‘worthless paper hot potatoes’ to ie., taxpayers, governments,
etc.. Totally pathetic! We’re way past the ‘fool me twice, shame on me’
stage! They really have to be
prosecuted and put in jail where they belong. They’re just not that important
and they are a substantial detriment to the real economy and society generally.
They have no fear of prosecution and have continued their paper frauds where
they left off last crisis, and seek once again to cash out for hard currency,
metals with the greater fools holding their worthless paper bag. I used to
follow the markets when value/valuation meant something. Now I track them only
to discern the ever greater frauds and the ‘political connectivity’ to same. }
http://albertpeia.com/17reasonsrecessionnow.htm
http://albertpeia.com/19wayscontrolfreakskillinguswithregs.htm
Dave Bohon | Supporters of homosexual marriage, however, have been
unable to leave the issue and “agree to disagree.” { I believe the concerted
wrongful conduct of the respective cities et als vis-ŕ-vis Chick-Fil-A may well
be actionable as a business tort and as well, a violation of constitutionally
protected rights of free speech, having
a chilling effect thereon, by way of incorporation thereof under the fourteenth
amendment of the u.s. constitution, as well as pursuant to the respective state
constitutions applicable to the offending cities. }
http://albertpeia.com/attackonchickfilaattacksfreespeech.htm
{ My own feeling on the subject is live and let live, but
that the state has no place in getting ‘behind’ this contraindicated behavior.
Look at the subject cities rallying in the name of ‘cornholin’ (For the gay
vote? How totally pathetic!). Without exception, they are literally domestic
war zones, in decay, decline, and heading as the nation toward fiscal ruin,
defacto/outright bankruptcy. They really should be concentrating on things that
really matter before foolishly attacking freedom of speech. Previously: EVOLUTION: OBAMA NOW BACKS GAY MARRIAGE… [
Well, with some
frolicking documented cocaine/gay sex romping in his past, he’d be hard pressed
not to. Interestingly, Clit Eastwood has come out in favor of gay marriage
saying he doesn’t give a f**k… good for you Clit; spoken like a true
egalitarian. Truth be told, I always liked those spaghetti westerns that put
him on the map; his own ‘Pale Rider’, particularly; and of course, the ‘Dirty
Harry’ series. Aside from that, I find him/his films boring, shallow, and
plebian beyond tears; hardly the philosopher king. Yet, I also don’t give a
f**k regarding gays living their lives as they wish, with full constitutional
protections consistent with their presumed law-abiding lives, particularly in a
world like this, such as it is. But, that doesn’t mean the ‘state’ must get
behind (no pun intended) same. There are few if any legal statuses that can’t
be achieved through legal document, ie., adoptions, trust beneficiaries, etc..
Marriage, procreation, the province of a man/woman relationship has always been
a given. Also interesting was the take on same by reknown Psychiatrist Maslow
(his famed, laudable work regarding hierarchy of needs, etc., needs no
introduction) who wrote and posited that homosexuality was physically, anatomically
contraindicated. Again, let me reiterate a live, let live position while
cautioning against the state getting behind (again, no pun) same and
potentially giving young, pubescent, impressionable boys the idea that penises
were made for male a**holes and not female vaginas . ] ...
OBAMA ADMITS FABRICATING GIRLFRIEND IN MEMOIR {
Latent gay man obama - ... Barack Obama: The Naked
Emperor Shocking but true revelations from David Icke| ..Obama is just
more of the same, a big smile with strings attached, and controlled completely
by those that chose him, trained him, sold him and provided his record funding,
kept his many skeletons under wraps, like the gay sex and crack cocaine ..
Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to be with your
Presidential camp, who is alleged to claim that someone claiming to represent
me called asking for $100,000, to keep me from coming forward about our (Obama
and I) November 1999 encounter of sex and cocaine use?), ... Obama is just
another Banksters' moll prostituting himself .., and that's why he supported
the grotesque bail-out of the banking system and why he will always put their
interests before the people. ] http://albertpeia.com/obamadeceptionhighqualityversion.flv }
http://albertpeia.com/newworldordervedgesmockus.htm
{ First, let me say that the vedges of the so-called new
world order are in no real position to mock anyone, so mockable as they indeed
are, as the incompetent vegetables that they in fact are, who have been the
very architects of ultimately their own and the planet’s decline, fall, and
demise. Yet, there is no question but that the ‘masses’ so mocked, deserve to
be mocked, having embraced their dismal fate at every turn; viz., their embrace
of ‘political correctness’, though contraindicated, as, ie., the embrace of the
violent, destructive nigger who literally would have them for dinner, or the
compulsion to embrace that which the state says is right, though
contraindicated, for political expedience owing to failure fed (including the
incompetent missteps of the failed fed) desperation, ie., gay marriage, etc.,
contrived wars / conflicts, among other clearly observable, self-interested
behavior of people, companies, nations, including the gargantuan bailed out
frauds on wall street to everyone’s (but the frauds’) detriment, still
unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has
not been held to even one of his former now broken campaign promises and is
embraced by those foolish enough to believe more of the same is testament to
how deserving of mocking the masses truly are (people should be outraged and
wobama should be ‘ridden out on a rail’). Make no mistake; the reality is that
the ‘new world order’/so-called ‘elite’ are not elite at all; but rather,
incompetent vegetables who can’t do anything right as they’ve now proven time
and time again. As I previously said: The Elite Believe That You Are
Ruining Their Planet And They Want You To Stop Reproducing { First and foremost clarification: There are no elite on
this planet. The grim reality for this planet is a dominant species descended
from initially notochords, primitive chordates, and relatively more recently
primitive apes. http://albertpeia.com/anthroindex1.htm , for a brief
but sorrowful history of man. }
http://albertpeia.com/planetalreadyruined.htm }
http://albertpeia.com/11signstimesrunoutforfinancialsystem.htm
July 30, 2012 By gpc1981 http://gainspainscapital.com http://albertpeia.com/spainfinishedandfinancialsystemcollapse.htm
http://albertpeia.com/civilunrestishereandworstening.htm
http://albertpeia.com/flashmobrobberrieslootingnormalinamerica.htm
Dave’s Daily: http://www.etfdigest.com INVESTORS WAIT ON
CENTRAL BANKS AND JOBS 7-31-12 ‘…Bill Gross: WE’RE WITNESSING THE DEATH OF EQUITIES
7-31-12 By Steven Russolillo, WSJ Blogs MarketBeat WSJ.com's inside look at the markets ‘ The bond king says stocks are dead…’
THE REAL CRASH IS DEAD AHEAD AS 2008 IS
FORGOTTEN
http://albertpeia.com/65signseconomiccollapsehappening.htm
http://albertpeia.com/germanydebttogdpnow300percent.htm
http://albertpeia.com/droughtdustpowergridfailuresfuture.htm
http://albertpeia.com/merkelholdsspainfolds.htm
Dave’s Daily: http://www.etfdigest.com
‘BULLS JUMP ON EMPLOYMENT DATA’ 8-3-12 [ { Dave’s Daily
Summary with pics/charts – Dave is always worth a look; a bit too bullish
methinks, but somewhat realistic in light of the preposterous churn-and-earn
frauds/’valuations’, which folly has gone global and will end quite badly! http://albertpeia.com/davesummary8312.htm }
August 3, 2012 By gpc1981 http://albertpeia.com/bernankeputalie.htm
http://albertpeia.com/usemploymentratelowerthanlastrecession.htm
Submitted by Tyler Durden ( The Real Obama Budget Deficit
For 2011: 5 Trillion Dollars
http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S.
Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse
than Greece’s News (CNN) — ‘Our government is utterly
broke. There are signs everywhere one looks…The government’s total indebtedness
is $211 trillion ’ … ) Obama's Five Trillion Dollar
Lie http://albertpeia.com/obamas5trilliondollarlie.htm [ the economy is already in depression in real terms when taking into account real
inflation numbers. Financial Crisis Phase II Is
Ahead at Forbes Bert Dohmen ‘ In late 2007, I
wrote the book Prelude To Meltdown , predicting the
global crisis that occurred the following year. I now see a similar
confluence of events .. “the new recession has started.”… Over the past 33
years, we have called the start of every recession..Currently, the GDP deflator
is 1.8%, which hardly reflects the true rise in prices. Therefore, what is
counted as “growth,” is actually price increases. Actual inflation..is now more
than 11%. Using that to adjust GDP for inflation, would show that the economy
is now in a very sharp contraction…’] }
http://endoftheamericandream.com
http://albertpeia.com/psycopathssociopathsamericasocietalcollapse.htm
{ Think about this! By wobama’s own criteria in his last total b***s***
campaign, he should be stepping down; having failed on all counts and then
some. He also promised to cut the nation’s deficit in half by the end of his
term; yet, he has increased the nation’s deficit by a record amount greater
than all the presidents since Eisenhower COMBINED ($5 trillion). He has done
this to help cover up his unequivocal failure by any standard by which you
measure a presidency, including his own. People in america must show the
Washingtonians they are not doormats! They must stand up and let these
politicos know that results count; particularly promised results. Absent
positive results as with unmitigated failure, choom-gang-banger wobama, they
get the boot. President Romney deserves the 4 years he’ll have to turn this
disaster called america around. If President Romney doesn’t cut the mustard in
4 years as promised, then he will be out. Results Count! I believe that people
in the final analysis will choose self-respect; that is, choose NOT to be
wobama’s doormat. Despite and contrary to wobama’s spin/propagandameisters’ desperate
spin/outright falsity which addresses anything but wobama’s clear record of
failure, President Romney is smart enough, flexible enough, and with a record
of concrete results behind him as compared to wobama choom fantasy/b***s***,
President Romney will be a hands-on President to the entire nation in the most
positive sense. As such, I believe people will choose self-respect, reality,
real results which will make President Romney’s election a substantial margin
blowout victory!
Friday Humor: "I Am
Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In
Office" ZeroHedge.com
Tyler Durden { Wobama the b for b***s*** speaks … on
the prior pre-election campaign trail ( The Real Obama Budget Deficit
For 2011: 5 Trillion Dollars
http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S.
Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse
than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one
looks…The government’s total indebtedness is $211 trillion ’ … ) Obama's Five Trillion Dollar
Lie http://albertpeia.com/obamas5trilliondollarlie.htm }
http://albertpeia.com/morethan100millionamericansonwelfare.htm
Buchanan: 'Obama has steadily diminished both himself
and the office he holds'...
{ Indeed he has; and, that’s putting it mildly! } ‘…In an ad produced by the super PAC
Priorities USA, Mitt Romney is charged with moral, if not material, complicity
in the cancer death of the wife of a Missouri steelworker. Speaking straight into
the camera, Joe Soptic, 62, charges Romney with coldly shutting down the plant
where he worked and cutting off his health insurance. This, says Soptic, left
his wife without insurance to pay for her care, until, falling ill, she went to
a doctor, who discovered stage 4 cancer, which killed her in 22 days.Soptic
implies a causal connection between Romney’s decision to shut the plant and his
wife’s death. The ad is a premeditated attempt to murder the reputation of Mitt
Romney. And from start to finish, it is a deception. The truth. Mitt Romney
gave up leadership of Bain Capital in 1999. The steel plant was closed in 2001.
Soptic lost his health insurance, but his wife was still working and had hers.
She lost her job and insurance in 2003. Her illness and cancer were discovered
in 2006, when Romney was ending his fourth year as governor of
Massachusetts…’ { It’s really quite
amazing: everything but the facts/truth from wobama et als. Actually, wobama
has a real tax evader in his ranks; viz., tiny tim geithner who asserted the
statute of limitations to get out of paying taxes that were rightfully due.
Should President Romney as a rational business man whose record at Bain was
conceded by Bill Clinton to have been sterling have instructed his accountants
to forget all they know about accounting/taxation and do a bad job (now doing a
bad job is something that failed president wobama can identify with and knows
something about). Then there’s dirty harry: Drudgereport: HARRY REID HELPS CHINESE SOLAR FIRM REPRESENTED -- BY HIS SON! PAPER: It's time to fight back against Dirty Harry...
Wife: Rep. Jesse Jackson Jr. getting treatment but
'still very depressed'... Ethics investigation continues...
BIASED MEDIA BASH: 86% of Romney coverage NEGATIVE... { Friday Humor: (obama last
campaign) "I Am Pledging To Cut The Deficit We Inherited By Half By The
End Of My First Term In Office"
ZeroHedge.com Wow! The only explanation
might be they’ve been duped by wobama along with the rest of the nation and are
too embarrassed for not doing their reasonably expected due diligence on
grifter obama and just won’t own up to the reality of the fraud called wobama!
Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit
For 2011: 5 Trillion Dollars
http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S.
Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse
than Greece’s News (CNN) — ‘Our government is utterly
broke. There are signs everywhere one looks…The government’s total indebtedness
is $211 trillion ’ … ) Obama's Five Trillion Dollar
Lie http://albertpeia.com/obamas5trilliondollarlie.htm [ the economy is already in depression in real terms when taking into account real
inflation numbers. Financial Crisis Phase II Is
Ahead at Forbes Bert Dohmen ‘ In late 2007, I
wrote the book Prelude To Meltdown , predicting the
global crisis that occurred the following year. I now see a similar
confluence of events .. “the new recession has started.”… Over the past 33
years, we have called the start of every recession..Currently, the GDP deflator
is 1.8%, which hardly reflects the true rise in prices. Therefore, what is counted
as “growth,” is actually price increases. Actual inflation..is now more than
11%. Using that to adjust GDP for inflation, would show that the economy is now
in a very sharp contraction…’] } Boehner: Obama has 'never even had a real job, for
God's sake'... O BRINGS BACK TELEPROMPTER... REPORT: Warnings ignored in Solyndra loan...
Prisonplanet.com
| The Thomas More Law Center has announced that it has filed a federal lawsuit
against Homeland Security Secretary Janet Napolitano.
Shocking Federal Lawsuit
Against DHS Napolitano: Big Sis Favored Her Gal Pals, Treated Male Staffers
“Like Lapdogs,” Her Female Staff Tormented Male Employees with “Sexually
Charged Games” { Whoa! Lapdog
to Napolitano! Whew! Ew! Wow! Yuck! After all, jano almost makes mo reno look
like a beauty queen! I’m starting to get dry heaves! …In the suit Hayes also
accused Napolitano’s chief of staff at ICE, Suzanne Barr, of repeated 'sexually
offensive behaviour' intended to 'humiliate and intimidate male employees'.On
one occasion, Barr called a colleague in his hotel room and screamed using
sexually explicit language, telling him she 'wanted his c*** in the back of
[her] throat' (of course, this impressionable lesbian must have seen ‘deep
throat’; maybe she really thinks there’s a possibility she has a clitoris in
the deep recesses of her throat…or not…just kidding). Might this be behind
(pun) the sadistic groping of TSA. Pretty sordid stuff, indeed! }
Hayes claims he 'felt that he was being targeted because of his gender'
and witnessed Barr repeatedly picking on men. She 'created a frat-house type
atmosphere that is targeted to humiliate and intimidate male employees',
according to court papers. In 2009 she 'removed the entire contents of the
offices of three male employees, including nameplates, computers and
telephones, to the men’s bathroom at ICE headquarters'. Read more: http://www.dailymail.co.uk/news/article-2186507/Janet-Napolitano-favoured-woman-long-relationship-job.html#ixzz23ERN7rMx }
http://albertpeia.com/nationalconsequencesofenslavementtobankers.htm { I really have to tell you, I’d rather be
enslaved by bankers than … Jano, see supra … Just kidding! Neither, is my real
answer! }
Dave’s
Daily: http://www.etfdigest.com COMPLACENCY IN LATE AUGUST 8-13-12 { Complacency? More like insanity as
market reactions were the logical opposites to what the data would dictate,
infra. But, that’s been true for quite some time on fraudulent wall
street.
http://albertpeia.com/imminentfinancialcollapse.htm
EUROPE
HAS TWO POTENTIAL “HAIL MARY” PASSES … WOULD EITHER OF THEM WORK { Short
Answer: NO! } ? August 15, 2012 By gpc1981 http://albertpeia.com/europesbailmario.htm
Guest Post: The West Has Just
Become A Giant Banana Republic
ZeroHedge.com by Tyler Durden { Yeah! This really is too true for words!
It’s been my direct experience for quite some time now and is quite a pathetic
scenario! } Legal precedent means nothing. Rule of law means nothing.
Free speech means nothing. Their own treaties mean nothing. It’s
unbelievable. Anyone in the west who honestly thinks he’s still living in
a free society is either a fool or completely out of touch. If that seems too
radical an idea, consider that ECUADOR is now the only nation which stands
to defend freedom and human rights against an assault from the United
States, the United Kingdom, and their spineless allies. The west has just
become a giant banana republic. Have you hit your breaking point yet? If
not now… when? { { I’m really
constrained to interject my own direct experience with the FBI here; and, I
must say I do so lamentably. If you want no real results vis-ŕ-vis organized
crime which now extends to the upper reaches, highest levels of the corrupt
u.s. government, go to the FBI. I discounted the new jersey FBI as just typical
corrupt, mob infested jersey which thinks in terms of discos/casinos. But,
truth be told, they never ask the ‘tough’ questions of the biggest criminals;
ie., the biggest wall street frauds, cia connected illegal ‘drug ops’
(ops…riiiiight), federal judges ie., trump barry, shiff, alito, etc.; but, they
did go after Martha Stewart in a very big way over a $45,000 transaction. Wow!
You can’t make this stuff up. I also don’t believe their (understated) crime
stats for even a second. I’m beginning to feel foolish for having even put my
full faith and trust in them, much less the ‘federal (judicial) system’ who
share the ‘same employer’; and, despite my antipathy for the mob, probably
would have fared ‘more fairly’ with the mobsters directly who seem to have at
least some sense of the magnitude of the fraud involved and the pervasive
corruption of the system and government and maybe a semblance of honor in this
nation of protracted decline. It never would have occurred to me back when for
me, such a choice/decision was clear-cut and simple. Such a course as mine I no
longer could recommend inasmuch as there is little difference between state/government
sponsored crime/corruption and that perpetrated by other criminal elements,
from my direct experience with both, infra:
Debauchery: An American
specialty In the land of Lindsay Lohan and Snooki, some federal
workers reflect our culture all too well. (Washington Post) [ Lindsay Lohan?
Come on Mr. Milbank, hands off the low hanging fruit. She’s totally harmless. Jersey
‘italian’ snooki? In mob infested new jersey, who knows (one of the properties
in my proceedings for which surplus funds are unaccounted for was a 2 bedroom 1
and 1/2 bath condominium in seaside heights, n.j.). But debauchery an american
specialty? Another rare instance wherein I agree with Mr. Milbank completely. 25 Signs That America Is A
Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics
held close to vest EXCLUSIVE | Documents and interviews show FBI and
Justice Department officials took steps to control information uncovered by a
task force designed to examine cases involving discredited agents. Many
defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington
Post) [ Well, I really have to say this. I’m awaiting word from the FBI as to
resolution, one way or the other, concerning the RICO matters which have been
systematically and corruptly covered up by the government (executive,
legislative, and judicial branches of the pervasively corrupt, defacto bankrupt
u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . Never in my
wildest dreams would I have believed the level and extent of corruption and
criminality within the ranks of the u.s. government before embarking upon this
costly quest for justice and simple fairness consistent with clear law (infra,
regarding the u.s. government’s direct involvement in the illegal drug trade).
In this civil RICO matter, there are no innocent bystanders; but rather,
perpetrators, accomplices, and co-conspirators. When the fbi agent initially
assigned to this matter (Connecticut) abruptly resigned/retired shortly after a
conversation, though not central to my case, wherein I had said that rudy
giuliani’s father had been an (convicted) enforcer for the mob (served 12
years? in prison, aggravated assault/manslaughter?) and then sent him
documentation owing to his disbelief. Though ultimately ineffectual vis-ŕ-vis
my case, he was a likeable guy for whom I had and still have regard. I then
spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who
somewhat plaintively (‘my call being a burden’) told me that ‘he was a Ford, and
I was a Ferrari’, which he didn’t explain further. Could anyone tell me what
that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an FBI
Agent who sarcastically asked me whether I was ‘going to the disco that night’
(the documents including sworn statements delivered to then u.s. attorney sam
alito’s office in the same building disappeared twice along with the initial
assistant u.s. attorney Jonathan Lacey with whom I had reviewed the documentary
evidence, documents and their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf .
We all can infer sam alito’s reward / quid pro quo for his cover-up by his
current position on the u.s. supreme court. There was never a
question as to maryanne trump barry’s interest in corrupting the judicial
process as related to her brother’s (trump) casinos. Jersey city boy louis
freeh, labeled by former Prosecutor Larry Klaiman as the most corrupt FBI
director ever (see infra, mueller seems no different, and certainly holder’s
impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and
furious, race bias favoring blacks, etc.) apparently covered up the RICO
violations as sent to him, and, with italian citizenship and lucrative insider
deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with
whom I reviewed the RICO documents and confirmed same as indicative of (drug)
money laundering was transferred shortly after meeting with him, as has been so
of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I
discussed the RICO matter and case disks/dvd’s sent to the LA FBI office (they
printed the documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here
in Los Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to
believe it based on my own experience and reasonable inference. I’m currently
being ‘stonewalled’ by the LA FBI office since the departure of FBI Agent Bill
Lewis.
GOOGLE SEARCH – ‘LARRY
KLAYMAN, LOUIS FREEH CORRUPT’
Jul 31, 2000 – Judicial Watch
is a public-interest law firm that fights corruption in government.
To read Larry Klayman's letter to Louis Freeh , ...
... security," said JW
Chairman Larry Klayman . "His behavior stands in stark contrast to Louis Freeh , a man so corrupt he destroyed the office he led, ...
“Louis Freeh will finally have to answer in court for what he
did to our clients. ... answers,” stated Judicial Watch Chairman and General
Counsel Larry Klayman . ...
Klayman, Larry, Chairman,
Judicial Watch ... My name is Larry
Klayman . ... interest group that
investigates and prosecutes government corruption and abuse.
...... They seized his computer – these are FBI agents at the direction of Louis Freeh , ...
May 3, 2001 – Because of
his corrupt behavior, Freeh was placed on
Judicial Watch's ... stated Judicial Watch Chairman and General Counsel Larry Klayman . ...
May 27, 2000 – By Larry Klayman ... While Judicial Watch has asked FBI Director Louis Freeh to .... lawsuits against a corrupt and unrepentant Clinton-Gore ...
The following is my comment
to an LA Times article regarding a Justice Department cover-up! As for your
inquiry, all I think about day and night is a long overdue resolution to the
RICO litigation as set forth therein:
I believe him!
I truly empathize with the ATF in terms of
government cover-ups, notably by even the DOJ. You’ll recognize some familiar
names (ie., Alito, Trump, Freeh (Louis Freeh now has dual citizenship with
Italy), and some familiar crimes (ie., drug money laundering, etc. – real cash
cow for gov’t ops, bribes, etc.). [Did you know this about the following ATF
Agents who were probably viewed as loose ends: Steve
Willis, Robert Williams, Todd McKeahan & Conway LeBleu: Died February 28, 1993 by
gunfire at Waco. All four were examined by a pathologist and died from
identical wounds to the left temple. All four had been body guards for Bill
Clinton, three while campaigning for President and when he was Governor of
Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ] Here’s
some real, complicit cover-up / fraud on the part of the federal government, et
als:
October 15, 2010 (*see
infra {ultimately delivered by UPS})
Steven
M. Martinez, Assistant Director In Charge
Dear
Sir:
I
enclose herewith 3 copies of the within DVD rom autorun disk (which will open
in your computer’s browser) as per your office’s request as made this day (the
disk and contents have been scanned by Avast, McAfee, and Norton which I’ve
installed on my computer to prevent viral attacks / infection and are without
threat). I also include 1 copy of the DVD as filed with the subject court as
referenced therein (which files are also included on the aforesaid 3 disks in a
separate folder named ‘112208opocoan’). The (civil) RICO action (as you’re
aware, the RICO Act is a criminal statute which provides a civil remedy,
including treble damages and attorney fees, as an incentive for private
prosecution of said claims probably owing to the fact that the USDOJ seems
somewhat overwhelmed and in need of such assistance given the seriousness and
prevalence of said violations of law which have a corrupting influence on the
process, and which corruption is pervasive). A grievance complaint against Coan
was also filed concurrently with the subject action and held in abeyance
pending resolution of the action which was illegally dismissed without any
supporting law and in contravention of the Order of The Honorable Robert N.
Chatigny, Chief Judge, USDC, District Connecticut. The files below the
horizontal rule are the referenced documents as filed. (Owing to the damage to
the financial interests of both the U.S. and the District of Congresswoman
Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False
Claims Act probably would apply and I would absent resolution seek to refer the
within to a firm with expertise in that area of the law with which I am not
familiar) .
The
document in 5 pages under penalty of perjury I was asked to forward to the FBI
office in New Haven is probably the best and most concise summary of the
case RICO Summary to FBI Under Penalty of Perjury at Their Request (5
pages) [ ricosummarytoFBIunderpenaltyofperjury.pdf
http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The
correspondence I received from the Congresswoman by way of email attachment
(apparent but typical problem with my mail) along with my response thereto is
included on the 3 disks as
fbicorrespondencereyes.htm . With regard to
the calls to the FBI’s LA and New Haven, CT offices: There was one call to the
LA office and I was referred to the Long Beach, CA office where I personally
met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of
the money laundering which he confirmed as indicative of same (he was
transferred from said office within approximately a month of said meeting and
his location was not disclosed to me upon inquiry). The matter was assigned to
FBI Agent Ron Barndollar and we remained in touch for in excess of a decade
until he abruptly retired (our last conversation prior to his retirement
related to the case and parenthetically, Rudy Giuliani whose father I stated
had been an enforcer for the mob to which he registered disbelief and requested
I prove it, which I did – he served 12 years in prison, aggravated
assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew
Maloney’s the one that prosecuted gotti).
In
contradistinction to the statement in said correspondence, there is a plethora
of information including evidence supporting the claims set forth in
the RICO VERIFIED COMPLAINT (see infra).
Such includes and as set forth in the case, inter alia,
A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains unaccounted
for and which could be used for payment to creditors, Los Angeles, etc..
Counsel Robert Sullivan on my behalf documented by
way of certification upon investigation that Alan Shiff, USBCJ, had falsely
stated a dismissal upon which false statement he predicated a retaliatory and
spurious contempt proceeding against me causing substantial damage, and for
which he sought Judicial Notice of those and related proceedings as did I in
some of my filings.
The Order of Dismissal With Prejudice by Alan Shiff,
USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the
court’s deadline causing creditors and me substantial damages:
[ Shiff Order of Dismissal With Prejudice on Coan’s Failure to
File Page
1
Page 2
]
Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for a
hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of
Connecticut, who denied Coan’s requested relief as to Coan but precluded my
action against Shiff (although there is no immunity, judicial or otherwise, for
criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) .
[ transcript in pertinent part - http://albertpeia.com/crossexamofcoanbypeia.pdf ]
Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug) money
being laundered through the Trump casinos by the RICO defendants, and despite
my motion to recuse her which motion she heard herself and denied, and U.S.
Trustee Hugh Leonard with whom I met personally refused to join or file a
separate motion to recuse and not long thereafter left said office for private
practice at Cole, Shotz, et als on retainer with the RICO defendants as his
primary client.
Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach,
CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met
personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel
Alito was U.S. Attorney, and went over said documents and their probative value
with him. Within approximately a month thereafter upon inquiry I was told that
Jonathon Lacey was no longer with the office, that the file/documents could not
be located, and that there was no further information available concerning
contacting him or his location. I thereupon delivered by hand, copies of said
documents to the office of then U.S. Attorney Alito, addressed to him, with
assurance they would go directly to him. In addition to being inept [ I looked
in on the one mob case he had brought, bungled, lost (accidently on purpose?)
since I was suing some mob-connected under RICO and the court (I had known /
previously met outside of court the judge Ackerman through a client) was
absolute bedlam and a total joke since incompetent corrupt Alito brought in all
20 mob defendants (rather than prosecute one or a few to flip them first) who
feigning illness had beds/cots in the courtroom along with their moans during
testimony and had the jury in stitches. As much as I hate the mob, it truly was
funny, if not so tragic.], Alito is also corrupt (and maybe corrupt
because he is inept). After a reasonable (but still rather short) time I called
to determine the status and was told that Alito was no longer with the Office
of the U.S. Attorney, that he was (appointed) a federal judge, and that neither
the documents nor any file or record of same could be located. Alito did parley
the same / cover-up into quid pro quo direct lifetime appointment to the Court
of Appeals, 3 rd circuit, despite the absence of judicial
experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as
well). This is the same Sam Alito that now sits on the purported highest court
in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety coverage and
neither LA, nor creditors, nor I should continue to have been damaged by this
brazened corrupt and illegal scenario, which should be resolved in accordance
with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia th Street, #404
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. (Ultimately delivered by UPS) ]
FROM:
Rep. Lucille Roybal-Allard
TO:
[email protected]
Message flagged
Wednesday, November 16,
2011 8:48 AM
Dear Mr.
Peia:
Thank
you for being in touch. As we continue the busy first session of the 112 th Congress, I
want you to know that I am grateful for the various times you have shared your
thoughts and concerns with me on different issues. Please be assured that
your voice is being heard and that your perspective helps me to better
represent you in Washington, D.C.
Sincerely,
[ This is a reply to the
Congresswoman’s query among others included.]
11-5-11
Dear Congresswoman Roybal-Allard:
The Keynesian (economic)
approach, if ever a wise prescription for ‘economic doldrums’, euphemistically
speaking (there are articles/studies/data that dispute the purported
effectiveness of the widely hailed ‘Keynesian remedy’ during the prior great
depression), the ‘Keynesian way’ is certainly no longer a prudent approach
today in light of the insurmountable debt levels of nations worldwide and in
america particularly along with the concomitant over-printed, debased ‘paper
currencies’ to finance same. Quite simply, there simply is not enough real
value being created for redistribution, a situation exacerbated by the
parasitic lightening fast, computerized churn and earn high frequency trading
programs on fraudulent wall street (they should be prosecuted, jailed, fined,
and disgorgement imposed for extant frauds in the trillions now marked to
anything as per misguided legislated FASB rule change). [ America’s
debt woe is worse than Greece’s News (CNN) — ‘Our government is
utterly broke …The government’s total indebtedness is $211 trillion ’. 43,454,601,693,238 Reasons Why
The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17, 2011 http://www.economist.com/content/global_debt_clock ] .This is the consequence of a structural shift
fed by greed and misguided policy and cannot be undone (transfer of productive
capacity to ie., China, etc., ‘the bell cannot be unrung’). That said which
militates against such an extension, this is an election year which
probabilities suggest makes highly likely the passage of the extension. I favor
your co-sponsored legislation and before the holidays simply in the name and
spirit of Christmas and for no other reason whatsoever. Below is a recent
comment to Opinion Writer Krauthammer’s ‘more war spending (Keynesian)
position’ and an article regarding the folly of same. Immediately following is
from my prior post to you concerning something of such manageable proportion
and well within the government’s ability to resolve (if the government can’t
accomplish this consistent with law and long overdue, then there isn’t anything
the government can accomplish), along with other comments to you for ease of
reference:
‘…As previously noted in a
prior message to you, I had previously spoken to FBI Agent Bill Lewis in
Washington who was recently promoted to the FBI Headquarters Office (D.C.) from
the FBI office here in LA, and who was to be out of the office for the two
weeks past. I’ll be contacting him given a reasonable time for him to ‘catch
up’, from being out of the office. While independent contractor richard coan is
ultimately the one to bear the burden of damages (there’s insurance and a
surety covering same), coan might allude to the prior default of the u.s.
government (assist. u.s. atty. robert i. lester miscounted / miscalculated the
time for filing an answer / response to the complaint upon service thereof,
also misstating the rule in open court before corrupt judge matz who ‘schmoozed’
things over (they both have the same employer), however incorrectly according
to the ‘law’. I ordered / bought a copy of the transcript of that rather
pathetic proceeding (posted in part on my website). In any event, regardless
who pays me, the amounts so paid would ultimately be recovered from coan, his
insurer/surety which amounts might even exceed the amount I’m willing to settle
at. [There is also a judgment (referenced in the correspondence to FBI ADIC
Martinez infra) that had been entered in my favor in the case, United States
District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth
approximately now in excess of $300,000 remains unaccounted for and which would
benefit Los Angeles, etc.; and then, of course as well, the substantial
damages. ] I’ve waited far too long for this matter to resolve, what should
have been resolved in accordance with clear law long ago; and, which would have
been resolved if not for typical u.s. corruption in the process; and, which is
well within the government’s ability to resolve. In my world and way of
thinking, results do count! I’ve included prior correspondence for ease of
reference…’
Sincerely,
Albert L. Peia
America also
leads in the illegal drug trade. In fact, many researchers reveal that
the war on drugs is only utilized to control and monopolize the illicit
drug trade. The US government has been caught multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now openly protects and transports opium from Afghanistan [ http://www.youtube.com/watch?v=ElEciFI0Pew ] . In fact, Global Research points out that in 2001, “according to UN
figures, opium production had fallen to 185 tons. Immediately following the
October 2001 US led invasion, production increased dramatically, regaining its
historical levels.” This month, the U.N. announced that Afghanistan now provides 93% of the
world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons. Although the
empire tries to keep it secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm
Drug war hypocrisy: drug trafficking’s
big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on
the amount of drug trafficking that benefits the CIA and international banking
system. Natural News February 1, 2012 [ [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the
amount of drug trafficking that benefits the CIA and international banking
system. The son of a convicted notorious mobster, John Gotti Jr, when asked in
court if the family still dealt drugs cracked, “No, we can’t compete with the
government.”
The Criminal Banking Cartel's
End Game: A 100% Digital Monetary System
Posted by: smartknowledgeu Post date: 06/07/2012 The end game of this global
monetary crisis is the imposition of a 100% digital monetary system that would
permanently end what little economic freedoms we still retain today. Educate.
Resist. Fight... http://albertpeia.com/criminalcartel.htm { I agree with the thrust of this article which
I’ve yet to read in full; if only to emphasize that with a mouse
click/button/keystroke/enter you could easily be separated from your money/wealth
which is a formidable intimidating threat consistent with planned subservience
(and also facilitating manipulated fraud, etc.). And, don’t think they wouldn’t
do it, meaningless, arbitrarily enforced laws notwithstanding. Don’t forget;
government slugs all have the same employer. I experienced the corruption
first-hand: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm }
http://gainspainscapital.com { I’m constrained to add here what I believe
Graham Summers has not incorporated into his calculations; viz., that merkel
very well might not even want to be re-elected. That certainly seems to be the
case despite presumptions to the contrary. After all, there will ultimately be
no winners in this pathetic ponzi charade and ever growing debacle in the
making that she has seemed willing at every crucial juncture to countenance
despite it being antithetical if not diametrically opposed to german interests.
}
TINA FROWN!
Newsweek on wobama’s failed presidency – Newsweek relevant! http://albertpeia.com/hittheroadborackanddontyoucomebacknomorenomorenomorenomore.htm
Dave’s
Daily: http://www.etfdigest.com BERNANKE & CO READY TO PROVIDE
ANOTHER ROUND { …of consistently failed, inflationary QE for the benefit of the
wall street frauds only, to the detriment of the real economy and everyone
else! This misguided wall street fraud oriented policy is in large part
responsible for the increasingly dismal
state of the economy along with the
natural concomitant of rising prices which are blamed on everything but the
contraindicated QE which is the primary culprit! } The only news that mattered
to the algos and HFTs were nuggets of more QE found in FOMC Minutes released
just in time for the 2:15 Buy Program Express to leave the station. More money
printing is inflationary and stocks can inflate too so let’s not kid ourselves.
Perhaps the so-called “smart money” has been buying stocks in anticipation of
this kind of pro-QE3 news; frankly, they would have little other reason to buy
this market. Other than Apple (AAPL) which seems to have become “the market”
little else is exciting or stimulative.Meanwhile in the eurozone Spain has found implementing
austerity measures to be…well, difficult. Greek Prime Minister Samaras is
making the rounds of eurozone governments pleading his case for a two-year
extension for austerity reforms. Samaras stated that reforms could be fully
implemented by (where will any of us and he be by then?) 2020. Germans have stated
they will abide just a little tinkering in that regard.Much was made early
Wednesday regarding Japan’s poor trade deficit (-$6.5 billion) which was caused
by weak demand from the eurozone and China. (No surprise there methinks.) After
seeing this data Fed Governor, and super money printer, Evans called the report
“awful” so we know which way he’s leaning.The NAR (National Association of
Realtors), after hitting the send button 30 minutes before schedule, reported
Home Sales rose (4.47M vs 4.5M expected & prior 4.37M). Summer should be a
good time for sales one would think and most realtors in our neck of the woods
(New England) are busy.Stocks were weaker early until the algo driven buy
programs hit the tape after the FOMC Minutes revealed a few nuggets of QE.
Market sectors moving higher besides (AAPL) were homebuilders (ITB) once
again.Volume was only slightly higher as program trading increased after the
Fed release. Breadth per the WSJ was negative…’
Grim
economic report provides Romney with opening BETTENDORF, Iowa – Mitt Romney bounded into
the battleground state of Iowa today, aided by a new, non-partisan government
report that painted a grim picture of the state of the economy, using the new
data to return his campaign’s narrative to his favorite catch phrase:...http://albertpeia.com/truthwinsecotopics.htm
Submitted by Tyler Durden { Yes! This article should
in no way be considered tongue-in-cheek sarcasm, exaggeration; but rather, the
reality that the stock market has become a parasitic den of thieves and fraud
literally detrimental to all people, all places except for the few indigenous
denizens of this infectious malignancy that literally sucks the life blood out
of all they reach and touch! }
In tort law, an attractive nuisance is any potentially hazardous object or
condition that is likely to attract the naive and unwary, i.e. children. A
classic example is an abandoned swimming pool half-filled with fetid water. The stock
market is demonstrably an "attractive nuisance" and should be closed
immediately . It should never be reopened unless these conditions can
be met: 1) All shares must be owned for at least four hours 2) All trading must
be executed by humans on a transparent exchange where all trading activity (and
open orders) is visible to all participants 3) Intervention in the market by
the Federal Reserve or any Central State agency or agents is against the law.
If you insist on putting money at risk in the stock market, be aware that you
are playing a rigged roulette wheel and thus you are a mark. You might win, or
the entire game might collapse in a rotten heap of lies and corruption. Just
remember that the market is ruled by parasites who need to keep their hosts
(investors) alive so they can continue to feed off them (i.e. biotrophic
parasites). If the hosts all leave the market, the parasites will have only
themselves to feed on, and they will quickly expire.
http://albertpeia.com/24statsshowhowobamamessedupeconomy.htm
http://albertpeia.com/8neweconomicthreats.htm
http://albertpeia.com/insidersmartmoneybetsfinancialdisastercoming.htm
Marc Faber: Odds of Global
Recession Are 100%
Texas judge
warns of possible ‘civil war’ if President Obama is re-elected
Romney: My
health care plan is superior to Obama's
Obama
campaign unleashing 'the Big Dog' in battleground states Obama
campaign unleashing 'the Big Dog' in battleground states http://albertpeia.com/bigdogpoop.htm … YES. THAT'S THE JUNIOR
SENATOR FROM NEW YORK WHOSE OFFICE WAS BOUGHT AND PAID FOR WITH PARDONS (FOR
VOTES-HASIDIM/JEWISH, LATINO, ETC.) FOR CONVICTED CRIMINALS BY HER PSYCOPATHIC
MURDEROUS, LYING, RAPIST CRIMINAL PARTNER IN CRIME, (HILL)BILLY CLINTON. WHAT
NEW YORKERS ALSO HAVE IS A 2 FOR 1. YES. BUT NOT (HILL)BILLY, BUT ELEANOR. NO.
NOT ELEANOR RIGBY BUT RATHER ELEANOR ROOSEVELT. YES. HILLARY'S WELL DOCUMENTED
COMMUNING WITH ELEANOR (VIA SEANCE ON THE ROOF OF THE WHITEHOUSE YOUR TAX
DOLLARS AT WORK) SHOULD GIVE NEW YORKERS GREAT CHEER, ALTHOUGH COINCIDENTALLY,
NEW YORK WITH THE ARRIVAL OF THE HILLBILLY CLINTONS HAS, AS THE REST OF THE
NATION, FELT THAT GOOD OLD ARKANSAS HILLBILLY CLINTON EFFECT (9-11,
CONSEQUENCES OF THE CLINTON INDUCED STOCK MARKET FRAUD, FALLOUT FROM AND
LINGERING EFFECTS OF THE HILLBILLIES' TENURE IN WASHINGTON, CLINTON
PROMOTED/SIGNED NAFTA, ETC.). THESE PARTNERS IN CRIME SHOULD BE IN JAIL.
Remarkably
similar threatening tactics have been directed at other women who, like Mrs.
Browning, have personal knowledge of Clinton’s misconduct and were sought as
witnesses in official proceedings against Clinton. See id. at 134. Plaintiffs
referred in their Amended Complaint to the threats and retaliation by Clinton
and his agents against Kathleen Willey and Linda Tripp when they were called to
testify in the Jones case and the Independent Counsel’s investigation of the
Lewinsky affair. Indeed, the number of women who have suffered from these
"Clintonian" tactics is significant. On March 11, 1999, Investor’s
Business Daily reported that at least nine (9) women have now charged that
Clinton "personally assaulted them or, through his ‘agents’ or ‘people,’
threatened to do them or their families physical harm." The list includes
Dolly Kyle Browning, Gennifer Flowers, Juanita Broaddrick, Paula Corbin Jones,
Kathleen Willey, Monica Lewinsky, Linda Tripp, Sally Perdue, and Elizabeth Ward
Gracen. "And all of them say they’re afraid for their safety so long as he
remains in power." Lewinsky,
who told her own account of the affair in the 1999 book "Monica's
Story," said she reluctantly spoke out about Clinton's tome "My
Life" because he tried to rewrite history. "He says he was proud of
the way that he defended the presidency, at my expense," she said.
"In the process he destroyed me, and that was the way he was going to have
to do that, to get through impeachment," Lewinsky added. "I was a
young girl and to hear him saying some of the things he was saying today --
it's a shame." John F. Kennedy Jr.
Even before the wreckage of the plane had been found, the
media was saturated with news stories declaring the weather to have been very
hazy (the weather was VFR conditions, and 8 mile visibility, plus weather radar
and witnesses on Martha's Vineyard all reported clear skies) making it
impossible for JFK Jr. to know which way was up (he also had working
instruments in the aircraft).
As was the case when TWA 800 was shot down, the United
States Navy took control of the crash site, ordering an unprecidented 5 mile
wide no-fly zone while the wreckage of the aircraft was recovered and taken to
a military base.
Reporters Cindy Adams and Andrew Goldman have documented
the planting of false information about JFK Jr. in the media in the days
following his crash. The feeding of false information to the press proves there
is a cover-up. The existence of a cover-up is why JFK Jr. gets an entry on the
Dead Bodies List.
According to some reports, Mrs. Kennedy was pregnant.
CLINTON BODY COUNT By: Ether Zone Staff
Here is the latest body count that we have. All of these people have been connected
with the Clintons in some form or another. We have not included any deaths that
could not be verified or connected to the Clinton scandals. All deaths are
listed chronologically by date. This list is current and accurate to the best
of our knowledge as of January 13, 1999 August 1, 2000. Susan Coleman : Rumors were circulating in Arkansas of an affair with Bill Clinton. She
was found dead with a gunshot wound to the head at 7 1/2 months pregnant. Death
was an apparent suicide. Larry Guerrin: Was killed in
February 1987 while investigating the INSLAW case. Kevin Ives & Don Henry: Initial cause
of death was reported to be the result of falling asleep on a railroad track in
Arkansas on August 23, 1987. This ruling was reported by the State medical
examiner Fahmy Malak. Later it was determined that Kevin died from a crushed
skull prior to being placed on the tracks. Don had been stabbed in the back.
Rumors indicate that they might have stumbled upon a Mena drug operation. Keith Coney: Keith had information
on the Ives/Henry deaths. Died in a motorcycle accident in July 1988 with
unconfirmed reports of a high speed car chase. Keith McKaskle: McKaskle has
information on the Ives/Henry deaths. He was stabbed to death in November 1988.
Gregory Collins: Greg had
information on the Ives/Henry deaths. He died from a gunshot wound to the face
in January 1989. Jeff Rhodes: He had information on
the deaths of Ives, Henry & McKaskle. His burned body was found in a trash
dump in April 1989. He died of a gunshot wound to the head and there was some
body mutilation, leading to the probably speculation that he was tortured prior
to being killed. James Milam: Milam had information
on the Ives & Henry deaths. He was decapitated. The state Medical examiner,
Fahmy Malak, initially ruled death due to natural causes. Richard Winters: Winters was a
suspect in the deaths of Ives & Henry. He was killed in a
"robbery" in July 1989 which was subsequently proven to be a setup. Jordan Kettleson: Kettleson had
information on the Ives & Henry deaths. He was found shot to death in the
front seat of his pickup in June 1990. Alan Standorf: An employee of
the National Security Agency in electronic intelligence. Standorf was a source
of information for Danny Casalaro who was investigating INSLAW, BCCI, etc.
Standorf's body was found in the backseat of a car at Washington National
Airport on Jan 31, 1991. Dennis Eisman: An attorney
with information on INSLAW. Eisman was found shot to death on April 5, 1991. Danny Casalaro: Danny was a
free-lance reporter and writer who was investigating the "October
Surprise", INSLAW and BCCI. Danny was found dead in a bathtub in a
Sheraton Hotel room in Martinsburg, West Virginia. Danny was staying at the
hotel while keeping appointments in the DC area pertinent to his investigation.
He was found with his wrists slashed. At least one, and possibly both of his
wrists were cut 10 times. All of his research materials were missing and have
never been recovered. Victor Raiser: The National Finance
Co-Chair for "Clinton for President." He died in a airplane crash on
July 30, 1992. R. Montgomery Raiser: Also involved
in the Clinton presidential campaign. He died in the same plane crash as
Victor. Paul Tully: Tulley was on the
Democratic National Committee. He was found dead of unknown causes in his hotel
room on September 24, 1992. No autopsy was ever allowed. Ian Spiro: Spiro had supporting
documentation for grand jury proceedings on the INSLAW case. His wife and 3
children were found murdered on November 1, 1992 in their home. They all died
of gunshot wounds to the head. Ian's body was found several days later in a
parked car in the Borego Desert. Cause of death? The ingestion of cyanide. FBI
report indicated that Ian had murdered his family and then committed suicide. Paula Gober: A Clinton speech
writer. She died in a car accident on December 9, 1992 with no known witnesses.
Jim Wilhite: Wilhite was an
associate of Mack McClarty's former firm. Wilhite died in a skiing accident on
December 21, 1992. He also had extensive ties to Clinton with whom he visited
by telephone just hours before his death. Steve Willis, Robert Williams, Todd McKeahan & Conway LeBleu: Died
Feburary 28, 1993 by gunfire at Waco. All four were examined by a pathologist
and died from identical wounds to the left temple. All four had been body
guards for Bill Clinton, three while campaigning for President and when he was
Governor of Arkansas.They also were the ONLY 4 BATF agents killed at Waco. Sgt. Brian Haney, Sgt. Tim Sabel, Maj. William Barkley,
Capt. Scott Reynolds: Died: May 19, 1993 - All four men
died when their helicopter crashed in the woods near Quantico, Va. - Reporters
were barred from the site, and the head of the fire department responding to
the crash described it by saying, "Security was tight," with
"lots of Marines with guns." A videotape made by a firefighter was
seized by the Marines. All four men had escorted Clinton on his flight to the
carrier Roosevelt shortly before their deaths. John Crawford : An attorney with
information on INSLAW. He died from a heart attack in Tacoma in April of 1993. John Wilson: Found dead from an
apparent hanging suicide on May 18, 1993. He was a former Washington DC council
member and claimed to have info on Whitewater. Paul Wilcher: A lawyer who
was investigating drug running out of Mena, Arkansas and who also sought to
expose the "October Surprise", BCCI and INSLAW. He was found in his
Washington DC apartment dead of unknown causes on June 22, 1993. Vincent Foster: A White House
deputy counsel and long-time personal friend of Bill and Hillary's. Found on
July 20, 1993, dead of a gunshot wound to the mouth -- a death ruled suicide.
Many different theories on this case! Readers are encouraged to read our report
in Strange Deaths. Jon Parnell Walker: An
investigator for the RTC who was looking into the linkage between the
Whitewater and Madison S&L bankruptcy. Walker "fell" from the top
of the Lincoln Towers Building. Stanley Heard & Steven Dickson: They were members of the Clinton health care advisory committee. They
died in a plane crash on September 10, 1993. Jerry Luther Parks: Parks was the
Chief of Security for Clinton's national campaign headquarters in Little Rock.
Gunned down in his car on September 26, 1993 near the intersection of Chenal
Parkway and Highway 10 west of Little Rock. Parks was shot through the rear
window of his car. The assailant then pulled around to the driver's side of
Park's car and shot him three more times with a 9mm pistol. His family reported
that shortly before his death, they were being followed by unknown persons, and
their home had been broken into (despite a top quality alarm system). Parks had
been compiling a dossier on Clinton's illicit activities. The dossier was stolen.
Ed Willey: A Clinton fundraiser.
He died of a self-inflicted gunshot wound on November 30, 1993. His death came
the same day his wife, Kathleen, was sexually assaulted in the White House by
Bill Clinton. Gandy Baugh: Baugh was Lasater's
attorney and committed suicide on January 8, 1994. Baugh's partner committed
suicide exactly one month later on February 8, 1994. Herschell Friday: A member of the
presidential campaign finance committee. He died in an airplane explosion on
March 1, 1994. Ronald Rogers: Rogers died on
March 3, 1994 just prior to releasing sensitive information to a London
newspaper. Cause of death? Undetermined. Kathy Furguson: A 38 year old
hospital worker whose ex-husband is a co- defendant in the Paula Jones sexual
harassment law suit. She had information supporting Paula Jone's allegations.
She died of an apparent suicide on May 11, 1994 from a gunshot wound to the
head. Bill Shelton: Shelton was an
Arkansas police officer and was found dead as an apparent suicide on kathy Ferguson's
grave (Kathy was his girl friend), on June 12, 1994. This "suicide"
was the result of a gunshot wound to the back of the head. Stanley Huggins : Huggins, 46,
was a principal in a Memphis law firm which headed a 1987 investigation into
the loan practices of Madison Guaranty S&L. Stanley died in Delaware in
July 1994 -- reported cause of death was viral pneumonia. Paul Olson: A Federal witness in
investigations to drug money corruption in Chicago politics, Paul had just
finished 2 days of FBI interviews when his plane ride home crashed, killing
Paul and 130 others on Sept 8 1994. The Sept. 15, 1994 Tempe Tribune newspaper
reported that the FBI suspected that a bomb had brought down the airplane. Calvin Walraven: 24 year on
Walraven was a key witness against Jocelyn Elder's son's drug case. Walraven
was found dead in his apartment with a gunshot wound to the head. Tim Hover, a
Little Rock police spokesman says no foul play is suspected. Alan G. Whicher: Oversaw
Clinton's Secret Service detail. In October 1994 Whicher was transferred to the
Secret Service field office in the Murrah Building in Oklahoma City. Whatever
warning was given to the BATF agents in that building did not reach Alan
Whicher, who died in the bomb blast of April 19th 1995. Duane Garrett: Died July 26,
1995-A lawyer and a talk show host for KGO-AM in San Fransisco, Duane was the
campaign finance chairman for Diane Fienstien's run for the senate, and was a
friend and fundraiser for Al Gore. Garrett was under investigation for defrauding
investors in Garrett's failed sports memorabilia venture. There was talk of a
deal to evade prosecution. On July 26th, Garrett canceled an afternoon meeting
with his lawyer because he had to meet some people at the San Fransisco
airport. Three hours later he was found floating in the bay under the Golden
Gate Bridge. Ron Brown: . The Commerce
Secretary died on April 3, 1996, in an Air Force jet carrying Brown and
34 others, including 14 business executives on a trade mission to Croatia,
crashed into a mountainside. The Air Force, in a 22-volume report issued in
June of 1996, confirmed its initial judgment that the crash resulted from pilot
errors and faulty navigation equipment At the time of Brown's death,
Independent Counsel Daniel Pearson was seeking to determine whether Brown had
engaged in several sham financial transactions with longtime business partner
Nolanda Hill shortly before he became secretary of commerce. Charles Meissner: died: UNK -
Following Ron Brown's death, John Huang was placed on a Commerce Department
contract that allowed him to retain his security clearance William Colby: Retired CIA
director was found dead on May 6,1996 after his wife reported him missing on
April 27,1996. Apparently, Colby decided to go on a impromptu canoeing
excursion and never returned. Colby who had just started writing for Strategic
Investment newsletter, worried many in the intelligent community. Colby's past
history of divulging CIA secrets in the past were well known. Strategic
Investor had covered the Vince Foster suicide and had hired handwriting experts
to review Foster's suicide note. Admiral Jeremy Boorda: Died on May
16,1996 after he went home for lunch and decided to shoot himself in the chest
(by one report, twice) rather than be interviewed by Newsweek magazine that
afternoon. Explanations for Boorda's suicide focused on a claim that he was
embarrassed over two "Valor" pins he was not authorized to wear. Lance Herndon: Herndon a 41
year old computer specialist and a prominent entrepreneur who received a
presidential appointment in 1995 died August 10, 1996 under suspicious circumstances.
He appeared to have died from a blow to the head. Police said no weapons
were found at his mansion, adding that Mr. Herndon had not been shot or
stabbed and there was no evidence of forced entry or theft. Neil Moody: Died -August 25, 1996
Following Vincent Foster's murder, Lisa Foster married James Moody, a judge in
Arkansas, on Jan 1, 1996. Near the time Susan McDougal first went to jail for
contempt, Judge Moor's son, Neil died in a car crash. There were other reports
that Neil Moody had discovered something very unsettling among his stepmother's
private papers and was threatening to go public with it just prior to the
beginning of the Democratic National Convention. He was alleged to have been
talking to Bob Woodward of the Washington Post about a blockbuster story.
Witnesses said they saw Neil Moody sitting in his car arguing with another
person just prior to His car suddenly speeding off out of control and hitting a
brick wall. Barbara Wise: Wise a 14-year
Commerce Department employee found dead and partially naked in her office
following a long weekend. She worked in the same section as John Huang.
Officially, she is said to have died of natural causes. Doug Adams: Died January 7, 1997- A lawyer in Arkansas who got involved trying to help
the people who were being swindled out of their life savings. Adams was found
in his vehicle with a gunshot wound to his head in a Springfield Mo. hospital
parking lot. Mary C. Mahoney: 25, murdered
at the Georgetown Starbuck's coffee bar over the 4th of July '97 weekend. She
was a former White House intern who worked with John Huang. Apparently she knew
Monica Lewinsky and her sexual encounters with Bill Clinton. Although not
verified, it has been said that Lewinsky told Linda Tripp that she did not want
to end up like Mahoney. Ronald Miller: Suddenly took
ill on October 3rd,1997 and steadily worsened until his death 9 days later.
(This pattern fits Ricin poisoning.) Owing to the strangeness of the illness,
doctors at the Integris Baptist Medical Center referred the matter to the
Oklahoma State Medical Examiner's Office. The Oklahoma State Medical Examiner's
Office promptly ran tests on samples of Ron Miller's blood, but has refused to
release the results or even to confirm that the tests were ever completed.
Had been investigated by authorities over the sale of his company, Gage
Corp. to Dynamic Energy Resources, Inc. was the man who tape recorded Gene and
Nora Lum and turned those tapes (and other records) over to congressional
oversight investigators. The Lums were sentenced to prison for campaign finance
violations, using "straw donors" to conceal the size of their
contributions to various candidates. Indeed, Dynamic Energy Resources, Inc. had
hired Ron Brown's son Michael solely for the purpose of funneling $60,000
through him to the Commerce Secretary, according to Nolanda Hill's testimony.
Sandy Hume: On Sunday, February 22nd, 1998, Sandy
Hume, the 28 year old son of journalist Britt Hume, was reportedly found dead
in his Arlington, Virginia home. Aside from the statement that this was an
"apparent" suicide, there remains in place a total media blackout on
this story, possibly out of concern that the actual facts will not withstand
public scrutiny. Worked for Hill magazine, about Congress for Congress.
Jim McDougal: Bill and Hillary Clinton friend,
banker, and political ally, sent to prison for eighteen felony
convictions. A key whitewater witness, dies of a heart attack on March, 8 1998.
As of this writing allegations that he was given an injection of the diuretic
lasix has not been denied or confirmed. Johnny Lawhon: 29, died March
29, 1998- The Arkansas transmission specialist who discovered a pile of
Whitewater documents in the trunk of an abandoned car on his property and
turned them over to Starr, was killed in a car wreck two weeks after the
McDougal death.. Details of the "accident" have been sketchy -- even
from the local Little Rock newspaper. Charles Wilbourne Miller: 63, was found
dead of a gunshot wound to the head on November 17, 1998 in a shallow pit
about 300 yards from his ranch house near Little Rock. Police found a .410
gauge shotgun near Miller's body and a Ruger .357-caliber revolver submerged in
water. Investigators concluded the Ruger was the weapon used by Miller to kill
himself. Yet, two rounds in the handgun's cylinder had been spent.
Carlos Ghigliotti: 42, was found dead in his home just outside of Washington D.C. on April 28, 2000. There was no sign of a break-in or struggle at the firm
of Infrared Technology where the badly decomposed body of Ghigliotti was
found. Ghigliotti had not been seen for several weeks.
Ghigliotti, a thermal imaging analyst hired by the House Government Reform
Committee to review tape of the siege, said he determined the FBI fired shots
on April 19, 1993. The FBI has explained the light bursts on infrared footage
as reflections of sun rays on shards of glass or other debris that littered the
scene.
"I conclude this based on the groundview videotapes taken from
several different angles simultaneously and based on the overhead thermal
tape," Ghigliotti told The Washington Post last October. "The gunfire
from the ground is there, without a doubt."
Ghigliotti said the tapes also confirm the Davidians fired repeatedly at
FBI agents during the assault, which ended when flames raced through the
compound. About 80 Branch Davidians perished that day, some from the fire,
others from gunshot wounds.
Mark Corallo, a spokesman for the congressional committee chaired by Rep.
Dan Burton, R-Ind., said that police found the business card of a committee
investigator in Ghigliotti's office. Corallo said Ghigliotti's work for the
committee ended some time ago.
Tony Moser: 41 , was killed as
he crossed a street in Pine Bluff, Ark on on June 10, 2000. Killed 10 days
after being named a columnist for the Democrat-Gazette newspaper and two days
after penning a stinging indictment of political corruption in Little Rock.
Police have
concluded that no charges will be filed against the unnamed driver of a 1995 Chevrolet
pickup, which hit Moser as he was walking alone in the middle of unlit
Rhinehart Road about 10:10 p.m
Police say they
have ruled out foul play and will file no charges against the driver because he
was not intoxicated and there was no sign of excessive speed.
Background
Posted on August 27, 2012 by News
27-Aug (Casey Research)
http://albertpeia.com/caseysayseconomicreckoningnear.htm
— It is a deal with the devil: governments churn out more and more
cash for the promise of continued prosperity. But the day of reckoning is near,
according to Doug Casey, chairman of Casey Research and an expert on crisis
investing. As the epic battle between inflation and deflation continues, Casey
discusses his predictions for the new world market in this exclusive interview
with The Gold Report.
…Gold is still in the
climbing-the-wall-of-worry stage. Mania is still in the future. It’s going to
happen. I feel confident of that. There’s going to be a rush to gold.
[ source ]
http://albertpeia.com/obamastole5plustrillionfromuschildrentohidehisfailure.htm
Dave’s Daily:
http://www.etfdigest.com PROTECT YOURSELF AT ALL TIMES 8-30-12 {
Carbon-based unit indeed, Dave. Brings to mind that great first installment of
what was to breathe life into that ultimately hugely successful franchise,
‘Star Trek’; viz., the profound ‘Star Trek: The Movie’, directed by no less
than Robert Wise (‘The Day the Earth Stood Still’) himself. } There’s enough ideas about what to do now as
Bernanke steps to the plate Friday to either regurgitate familiar messages,
provide more QE, conduct more coordinated QE with other central banks or
something not imagined by this carbon based investor...’
Clint
Eastwood to speak at the Republican National Convention: reports { Indeed he did! All is not unforgiven.
That’s a double-negative, Clint, meaning all’s forgiven ( I just wanted to
interject his oscar-winning ‘Unforgiven’ for the record, along with ‘Million
Dollar Baby’) for your pro-gay marriage, don’t give a f*** egalitarian position
(I actually thought in light thereof he was a ‘wobama man’)... 82 and still
truckin’ in a big way…what a guy…I’m impressed…he made our day! ( There are
some detractors, talkin’ this and that about his speech; but, the point is that
Clint’s doing it, not just talkin’ about it! ) Well Done, Clint! I’m also adding here for the record the fact
that Robert Duvall did a fundraiser for President Romney with First Lady Ann
Romney; and, had an underrated, underappreciated superb (less than big budget)
film of his own, ‘Assassination Tango’, which in light of nuanced performance
and attention to detail deserved greater attention and acclaim ( any guy whose
been offered a free poke from Diane Lane [‘Lonesome Dove’] and loves the smell
of napalm in the morning [the great ‘Apocalypse Now’] is more than okay in my
book). And, Jon Voight: The Advocate … Who woulda thunk it? Cogent and
relevant! }
ECB INTERVENTION COMMENT DU JOUR: "CLASSIC BANANA
REPUBLIC BANKING" Submitted
by Tyler Durden http://albertpeia.com/classicbananarepublicbanking.htm
http://albertpeia.com/40statsyourenotbetteroff.htm
Dave’s Daily: http://www.etfdigest.com ‘A
SPOONFUL OF SUGAR HELPS THE MEDICINE GO DOWN’
9-7-12 { It really must be
emphasized/said, and it has been said infra*, that the west generally, and the
u.s. especially, have become unmistakably banana republics meeting all criteria
by which such failed forms of political/economic ‘organization’ are denoted.
The consistent and persistent focus on the totally fraudulent, manipulated
stock markets, fraudulent wall street particularly with contraindicated, failed
QE for benefit of wall street frauds only, to the detriment of literally
everyone else, viz., taxpayers, main street, etc., has become nothing short of
criminally insane! [ ECB INTERVENTION
COMMENT DU JOUR: "CLASSIC BANANA REPUBLIC BANKING" Submitted by Tyler Durden http://albertpeia.com/classicbananarepublicbanking.htm . { It bears repeating that never in
history have the markets become so disconnected from fundamental finance,
valuation, and reality and so completely and utterly fraudulent. I believe that
computerization facilitating multiple frauds at lightning speed, over and over
again and again along with re-hypothecation of already worthless paper at
similar speeds is in part the reason for the prevalence of such fraud along
with the breakdown of american among other societies into what yesteryear would
have been scorned as ‘banana republics’ without any meaningful rules of law
whatsoever and pervasive, almost blatant, corruption at every level. (This is not to
blame computers for the bad use they’re put to.) Guest Post: The West Has Just
Become A Giant Banana Republic
ZeroHedge.com by Tyler Durden { Yeah! This really is too true for words!
It’s been my direct experience for quite some time now and is quite a pathetic
scenario! } Legendary Investor Jeremy
Grantham: America is a Banana Republic Washington’s
Blog | Just different bananas perhaps? ]
} ‘The ugly employment report of
only 96K new jobs vs 125K expected hit markets like a spoonful of sugar—Uncle
Sugar. The numbers couldn’t be worse which is why ADP Data and Jobless Claims
the previous day doesn’t mean a thing. Ninety million are not in the labor
force, 368K people have dropped out of the workforce and the participation rate
for men is the lowest since 1948 when most of current readers hadn’t been born.
Even the previous data was reduced from 163K to 141K meaning next month’s
numbers should be taken with a grain of salt, and not sugar. Forget the
slightly lower unemployment rate since with so many dropping off the rolls the
real rate is closer to 12% than 8.1%, and that’s generous.
http://albertpeia.com/studentloandebtserfs.htm
http://albertpeia.com/realunemploymentnumbersmuchworse.htm
5-31-13 New Business Headlines { Scroll Down to Current Date }
It should be emphasized that the wobama
favored contraindicated QE’s and fiat paper currency printing/debasement IS a
policy for the wealthy that’s destroyed/is destroying the middle class! Wake
up! That’s reality!
A
Canadian Summarizes America's Collapse: "Everyone Takes, Nobody Makes,
Money Is Free, And Money Is Worthless" ZH On this lackluster Boxing Day
dominated by illiquid moves in every asset class, we thought a few succinct
minutes spent comprehending the US and European government policies of social
welfare and their outcomes was time well spent. Canadian MP Pierre Poilievre
delivers a rather epic speech destroying the myths of US and European 'wealth'
noting that "Once the US citizen is in debt, the US government encourages them to stay in debt ," noting that "the US government encouraged millions of Americans to
spend money they did not have on homes they could not afford using loans they
could never repay and then gave them a tax incentive never to repay it."
His message, delivered seamlessly, notes the inordinate rise in the cost of all
this borrowing, adding that "through debt interest alone, soon the US
taxpayer will be funding 100% of the Chinese Military complex." From
Dependence to Debt to the Welfare State and back to Dependence, this
presentation puts incredible context on the false hope so many believe in the
US and Europe. Everyone takes, nobody
makes, work doesn't pay, indulgence doesn't cost, money is free, and money is
worthless . Must watch.
A
MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN...
http://albertpeia.com/germangoldgone.htm
It’s
Not a “Fiscal Cliff” … It’s the Descent Into Lawlessness
Posted by: George Washington It’s Not a Tax
or Spending Problem … It’s a Devolution Into Lawlessness
http://albertpeia.com/americasdescentintolawlessness.htm { That’s certainly been my direct
experience; and I’ve been warning and ‘yelling from the rooftops’. Nobody
listened! Now it’s time to pay the piper! :
Chief Justice John Roberts
Bowed To Political Pressure And Changed His Vote On Obamacare http://albertpeia.com/nolegalsystem.htm { The unfortunate reality is what I’ve
alluded to in the context of my own direct experience; viz., america’s ‘legal
system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws
to apply pressure, etc., and essentially run by the inmates of this collective
criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm
http://albertpeia.com/65percentbelieve2013economicallybaditis.htm
Opinion: Congress, president have insatiable need
to spend STLtoday.com { Yes! This is why,
along with the pervasive corruption and defacto bankruptcy of the nation, term
limits across the board are necessary, and without exceptions. After all, in
the immortal (campaign slogan) words of
dick (nixon), ‘experience counts’! Indeed it does! For good or ill, and
nobody can deny the nation’s very ill. Term limits would eliminate the
perceived and in fact need to refrain from enforcing laws against huge
fraudsters/campaign bribers/contributors. Moreover,’pork’ would give way to
leaner cuts/spending more rationally based. By every rational criterion,
congress will have to work for their pay consistent with their promises; and,
not get to comfortable just ‘being there’ and all that that unfortunately
entails. I’ve seen the lack of
resolve/courage/principle/competence first-hand: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm }
http://albertpeia.com/35statsusworkingpoor.htm
Bill
Gross Gets It { Gets what? Why
is this surprising? With $4 trillion gone missing (still) at the ny fed,
americans should not trust the ny fed. Germany’s move is totally rational. How
can anyone trust fraudulent, thieving americans with their money or gold,
particularly in the fraud capital of the world, new york city Michael
Savage: Don't trust feds on flu shot... etc., despite america’s
defacto bankruptcy and the unaffordability of same), despite their unequivocal
incompetence and venality. In fact, stepping back, I have seen first hand those
siding with/benefiting from (and the encouraging of more crime), ie., RICO
defendants et als, actually rewarded by the pervasively corrupt/defacto
bankrupt american system (ie., trumps, alito, fed slugees, etc., essentially a
combination of and tantamount to what is essentially hush money, bribes, etc.).
Pervasively corrupt, defacto bankrupt america is a failed meaningfully lawless
nation of marauders/thieves that no longer even remotely resembles what it
purports to be and arguably once was. Replaying
Chris Christie's Epic Anti-Boehner Meltdown ZH { The bigger, fatter, more rotund question everyone’s
asking is, will they ever be able to put humpty dumpty back together again? The
newyork/jersey/conn tristate national drains (huge wall street frauds,
organized crime, and all etc.) feel slighted; yet, how can you miss him? I’ve
been waiting far longer for resolution to the corrupted process regarding funds
due and owing to me from primarily the corrupt tristate region, the beltway’s
no.virginia, and banana republic extraordinaire (the entire nation’s become
one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm Armed
Robberies Spike Following Game... http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm
CONGRESSMAN
WARNS OBAMA: IMPEACH YOU [ http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ]
White
House readies 19 executive orders on guns... }
http://thetruthwins.com
http://albertpeia.com/humanplagueonearth.htm
{ It really doesn’t matter what they believe; but rather,
it’s what is, that counts. Anyone with average intelligence or better, if
they’ve been paying attention, ineluctably must conclude that humans are a ‘net
negative’ in real terms. That will never change! Human beings are, on balance,
inherently destructive. Fortunately, universally, there is no significant
impact inasmuch as the human plague is confined to this solar system; and, for
all intents and purposes, to this dying planet. Remember, there’s just decades
left at best! }
http://thetruthwins.com
http://albertpeia.com/dominationcontrolgrid.htm
{ First and foremost
clarification: There are no elite on this planet. The grim reality for this
planet is a dominant species descended from initially notochords, primitive
chordates, and relatively more recently, primitive apes. http://albertpeia.com/anthroindex1.htm , for a brief
but sorrowful history of man. }
[ 12 Pictures That Demonstrate
How The New World Order Openly Mocks Us http://albertpeia.com/newworldordervedgesmockus.htm { First, let me say that the vedges of the
so-called new world order are in no real position to mock anyone, so mockable
as they indeed are, as the incompetent vegetables that they in fact are, who
have been the very architects of ultimately their own and the planet’s decline,
fall, and demise. Yet, there is no question but that the ‘masses’ so mocked,
deserve to be mocked, having embraced their dismal fate at every turn; viz.,
their embrace of ‘political correctness’, though contraindicated, as, ie., the
embrace of the violent, destructive nigger who literally would have them for
dinner, or the compulsion to embrace that which the state says is right, though
contraindicated, for political expedience owing to failure fed (including the
incompetent missteps of the failed fed) desperation, ie., gay marriage, etc.,
contrived wars / conflicts, among other clearly observable, self-interested
behavior of people, companies, nations, including the gargantuan bailed out
frauds on wall street to everyone’s (but the frauds’) detriment, still
unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has not
been held to even one of his former now broken campaign promises and is
embraced by those foolish enough to believe more of the same is testament to
how deserving of mocking the masses truly are (people should be outraged and
wobama should be ‘ridden out on a rail’). Make no mistake; the reality is that
the ‘new world order’/so-called ‘elite’ are not elite at all; but rather,
incompetent vegetables who can’t do anything right as they’ve now proven time
and time again. As I previously said:http://thetruthwins.com
http://albertpeia.com/allfornaught.htm
[ And such would be all for naught,
in any event. CNN: Your
Behavior Will Be Controlled by a Brain Chip Paul Joseph
Watson | Smart phone will be implanted within 75 years. { 75 years? This
world ain’t got 75 years … decades at best! For those
‘glass-half-full-reality-be-damned’ types, the bright side is that there will
still be that desolate ‘third rock from the sun’; which, like ‘old man river’,
will just keep rollin’ along (around the sun). } ]
Insiders now aggressively bearish Marketwatch
“Facts
do not cease to exist because they are ignored.” – Aldous
Huxley
The entire system is corrupt to
its core. Both political parties, regulatory agencies, Wall
Street, the Federal Reserve, and mainstream media are participants in this
enormous fraud. They grow more desperate and bold by the day. The lies,
misinformation and propaganda being spewed on a daily basis become more
outrageous and audacious. They are using the Big Lie method on a grand scale.
They frantically need to lure the muppets into the stock market and the housing
market to keep the game going a little longer. You can sense we are reaching a
tipping point. The system they have created is mathematically
unsustainable. Therefore, it will not be sustained.
The
start of the 100-year bear Marketwatch
Paul B.
Farrell Here are 5 dangers ahead that could tip the stock market
into a long decline. Which hits first? http://albertpeia.com/100yearbear.htm ‘…Many other Dr.
Dooms predict new 2008 crash, long bear market
Today, Prechter is in great company, one of many other well-known “Dr.
Dooms” who have long-term visions, in a myopic world. You’ll see Prechter
alongside such other great “Dr. Dooms” as Hong Kong’s Marc Faber ... celebrity
economist Nouriel Roubini ... Nobel economist Joseph Stiglitz, author of
“Freefall” ... $100 billion money manager Jeremy Grantham, who says our GDP is
“On the Road to Zero Growth” ... Forbes columnist Gary Shilling, who sees the
S&P dropping 45% to 800... historian Niall Ferguson, author of “Colossus:
The Rise and Fall of The American Empire” ... hedge fund genius Nassim Taleb,
author of “Black Swan” ... former IMF chief economist Simon Johnson, co-author
of “White House Burning” and “Doomsday Cycle” ... billionaire trader George
Soros, who just made a billion shorting the yen ... economists Carmen Reinhart
and Kenneth Rogoff, whose classic “This Time is Different: Eight Centuries of
Financial Folly” says it all ... anthropologist Jared Diamond whose “Collapse”
warns us that throughout history civilizations fail because leaders fail to
plan and act in time ... and other “Dr.Dooms” we’re tracking. So yes, Prechter
and his Dow 400 and 100-year bear-market predictions are in good company. And
we even have to include Pimco’s Mohamed El-Erian, who manages a $2 trillion
portfolio along with “Bond King” Bill Gross. El-Erian recently warned investors
about the “New Normal: Low Growth, Few Jobs.”…’
4
strategies for the coming crash Paul B. Farrell Commentary: Even a kid in a TV commercial can figure out which
solution is best. The
Handy Investors Crash Loss Calculator By Paul B. Farrell , MarketWatch
SAN LUIS OBISPO Calif. (MarketWatch) — ‘It’s not complicated. Prepare
all you want. But the bull ends. The market sinks deep into its third bear of
the 21st century. Wall Street loses another $10 trillion of our retirement
money. ..’ http://albertpeia.com/4strategiesforcomingcrash.htm A
DaNGeRouS BuBBLe... by: williambanzai7 - There is no stock bubble--Mr Bubbles http://albertpeia.com/dangerousbubble.htm
http://albertpeia.com/bankaccountswipedout.htm
http://albertpeia.com/trueconspiracytheories.htm
STaTe
OF THe FiaT FaRCe... by : williambanzai7 - Say what you will, it sure is fun to agitate the fiat worms by saying
the word: Bitcoin! http://albertpeia.com/fiatfarce.htm
The
Chart That Will Crash The Market: “We Have Reached the Terminus” Karl Denninger | The screeching coming from CNBS and elsewhere this
morning is amusing. http://albertpeia.com/marketcrashterminus.htm
http://albertpeia.com/21statsexplosivegrowthofuspoverty.htm
BaNZai7'S
IN-DePTh CoVeRaGe oF THe KiM CHee STaND OFF... by : williambanzai7 - The days are gone forever, when our enemies could blackmail us with
FWMD.--Kim Jong Un http://albertpeia.com/lillkimbo.htm
MarketWatch: BREAKING U.S. stocks end higher on Bank of Japan stimulus { Can you believe this ‘headline’? What
total b***s***! All bad news … but there has to be a reason for the
manipulated, fraudulent stock market to ralley? How pathetic! }
13
SIGMA GODZILLA... by : williambanzai7 - You have your fear
which might become reality; and you have Godzilla, which IS reality.--Godzilla
1954 http://albertpeia.com/dezombiemeetsgodzilla.htm
http://albertpeia.com/morethan101millionwojobs.htm
http://albertpeia.com/25thingsprepareforeconomiccollapse.htm
FeDeRaL
ReSeRVe DoPe...
http://albertpeia.com/federalreservedope.htm
http://albertpeia.com/tunnelpeopleofamerica.htm
http://albertpeia.com/11economiccrasheshappeningnow.htm
The Illusion of Toothless Sharks Harry Dent
http://albertpeia.com/illusionoftoothlesssharks.htm
http://albertpeia.com/incometaxkillingus.htm
HeaDS I
WiN... Posted by: williambanzai7 Post date: 04/13/2013 - Investors Beware! http://albertpeia.com/headsiwin.htm
QE
TiTaNiC 2013... Posted by: williambanzai7 Post date: 04/15/2013 - Until the moment she actually sinks, the Titanic is
unsinkable.--Julia Hughes http://albertpeia.com/benusstitanicqeedkoed.htm
ASiA
AND THe GLoBaL MaNDeLBRoT SeT... by: williambanzai7 - Some of you might
find some of these images disturbing or even exciting... http://albertpeia.com/madamkimbo.htm
http://albertpeia.com/goldcrashplusoilcrashequalsrecession.htm
Suspicious Photo of Gold-Bomber ben… by williambanzai7The Limerick
King http://albertpeia.com/suspicioushelicopterbenphoto.htm
http://albertpeia.com/globalfinancialsystemcrash.htm
‘…So who is behind all of this
orchestration? Well, according to Dr. Paul Craig Roberts, it is
actually the Federal Reserve ... The Federal Reserve began its
April Fool’s assault on gold by sending the word to brokerage houses, which
quickly went out to clients, that hedge funds and other large investors were
going to unload their gold positions and that clients should get out of the
precious metal market prior to these sales. As this inside information was the
government’s own strategy, individuals cannot be prosecuted for acting on it.
By this operation, the Federal Reserve, a totally corrupt entity, was able to
combine individual flight with institutional flight. Bullion prices took a big
hit, and bullishness departed from the gold and silver markets. The flow of
dollars into bullion, which threatened to become a torrent, was stopped. In
fact, Dr. Roberts says that former Goldman Sachs trader
Andrew Maguire is reporting that the Fed orchestrated the dumping
of 500 tons of naked gold shorts into the
market on Friday... According to Andrew Maguire, on Friday, April 12, the Fed’s
agents hit the market with 500 tons of naked shorts. Normally, a short is when
an investor thinks the price of a stock or commodity is going to fall. He wants
to sell the item in advance of the fall, pocket the money, and then buy the
item back after it falls in price, thus making money on the short sale. If he
doesn’t have the item, he borrows it from someone who does, putting up cash
collateral equal to the current market price. Then he sells the item, waits for
it to fall in price, buys it back at the lower price and returns it to the
owner who returns his collateral. If enough shorts are sold, the result can be
to drive down the market price. As Dr. Roberts noted, this represents an
absolutely massive amount of gold... Consider the 500 tons of paper gold sold
on Friday. Begin with the question, how many ounces is 500 tons? There are 2,000
pounds to one ton. 500 tons equal 1,000,000 pounds. There are 16 ounces to one
pound, which comes to 16 million ounces of short sales on Friday. Who has 16
million ounces of gold? At the beginning gold price that day of about $1,550,
that comes to $24,800,000,000. Who has that kind of money? … A WHOLE LOT OF PEOPLE
NEED TO BE CRIMINALLY INVESTIGATED . Meanwhile, many are considering this
takedown of gold to be an ominous sign that another major financial crisis may
be heading our way. Just remember what happened back in 2008. As Zero
Hedge noted on Monday, the price of gold suddenly plunged 21
percent in July 2008. That was just a couple of months before the U.S.
stock market crashed in the fall...’
El-Erian's
Summary: "Virtually Every Market Is Trading At Very Artificial
Levels" Submitted by Tyler Durden on 04/16/2013 - "In order for central banks to achieve their
ultimate economic objective - which is growth and jobs - they have to push investors into taking more risk than is
justified ," is the
somewhat chilling warning that PIMCO's Mohamed El-Erian gives in this excellent
interview with the WSJ. "Central banks are operating through the wealth
effect and animal spirits," El-Erian says peeling back the truth onion, as
they prop up asset prices to " artificial levels, in virtually every market ." Worries over the central bankers of the world
withdrawing easy money policies too early are "unwarranted," he
notes, adding that he suspects, "they will most likely stay too long and
they will consciously make that mistake." Critically, though, he sends a
message that appears to fit with many of our recent discussions (most recently
here) that "if these
levels aren’t validated by the fundamentals, then investors will get
hurt."
http://albertpeia.com/scenesfromeconomiccollapse.htm
5-31
*** Please Note: As of this day, 5-31-13, there will be a hiatus in
updates to this website owing to matters that for quite some time have required
and continue to require my substantial attention; and, as a matter of candor,
the same includes a long overdue fishing trip; so, in the words of those famous
american poets/philosophers, quoting: ‘See you, in September, see you, when the
summer’s through, Here we are, saying goodbye for the summer, summer vacation,
is taking you away, Have a good time, but remember, there is danger, in that
summer moon above … ‘ … Danger indeed,
the lunacy of fraudulent wall street having spread nation-now-world-wide, the
now ubiquitous consequent disaster afoot, I hope you sold in May and go away
….. *****
http://theeconomiccollapseblog.com
http://albertpeia.com/smartmoneybailingout.htm
The
34 Words That May Have Caused Today's Crash In Stocks Submitted by Tyler Durden on 05/31/2013 - There is much consternation about what triggered today's
rapid escalation of selling pressure in US stocks. As the evening wends on and
traders sip their Absinthe, it appears an embargoed
record of the Fed's Advisory Panel minutes was at least a major concern as it raised the very real specter that
those in charge are concerned at the monster they have created: "there is also concern about the possibility of a breakout of inflation , although current inflation risk is not considered
unmanageable, and of an unsustainable
bubble in equity and fixed-income markets given current prices ." "Unsustainable bubble "? And this not from some fringe blog but... bankers?
Jim
Rogers: "Nobody Gets Out Of This Situation Until There’s A Crisis" { Fatalistic
shades reminiscent of Jim Morrison of ‘The Doors’ fame; and yes, similarly, no
one gets out of this (alive). } Submitted by Tyler
Durden on 05/30/2013 - Jim Rogers was recently interviewed by GoldMoney and had plenty to say (as usual): *On Bernanke: "He doesn’t want to be around for the consequences of what he’s
doing." *On Fiat: " Paper money doesn’t have a very glorious history , but again, nothing imposed by the government has a very
long and glorious history." *On Europe's Crisis: "You can postpone it all you want, but the problems just
mount." *On Capitalism: " You are not supposed to take money away from the competent people and give
it to the incompetent so that the incompetent can compete with the competent
people with their own money . That’s not
the way capitalism is supposed to work."
http://endoftheamericandream.com
http://albertpeia.com/militaryvetstreatedliketrashbybo.htm
CAT STARS http://online.wsj.com/article/SB10001424127887324412604578513352795950958.html
http://news.yahoo.com/blogs/lookout/feline-film-festival-makes-stars-cats-143826954.html
http://news.yahoo.com/video/best-cat-videos-celebrated-film-131400760.html
http://gothamist.com/2013/04/01/internet_cat_video_film_festival_co.php
Submitted by Tyler
Durden on 05/30/2013 - China’s credit growth has been
outstripping economic growth for five quarters with the
corporate debt bubble looking increasingly precarious (as we
explained here and here ). This raises
one key question: where has the money gone? As SocGen notes, although such
divergence is not unprecedented, it potentially suggests a trend that gives
greater cause for concern – China is approaching a Minsky moment. At the micro
level, SocGen points out that a non-negligible share of the corporate sector
and local government financial vehicles are struggling to cover their financial
expense. At the macro level, they estimate that China’s debt servicing costs
have significantly exceeded underlying economic growth. As a result, the debt snowball
is getting bigger and bigger , without contributing to real activity
(see CCFDs
for a very big example ). This is probably where most of China’s missing money
went.
Marketwatch You
are right to be frightened Mark Hulbert Commentary: Don't be fooled by good consumer-confidence reading.
Here's why the data is scary. [ ‘…In similar contrarian fashion, you probably
can guess when over the last 25 years the consumer confidence index reached its
highest level. That’s right: Early 2000, just before the Internet bubble burst.
No wonder contrarians consider consumer confidence to be a great contrarian
indicator…’ ]
Marketwatch
Treasurys plummet in worst month since 2010
Submitted by Tyler
Durden on 05/31/2013 - "Some color on the extent of the
selling from Laine Litman on the futures desk: Starting 6 minutes before the
cash close we saw a strong sell off in ESM3. As predicted, volumes and
volatility were high. We sold off 7 handles before the additional quick crash
of 4.25 points in the final few seconds. Over 110k contracts traded in the
last minute. This is the largest non-quarter end volumes seen since November
2011 (117k) and the largest volumes since June 2012 (111k)."
Submitted by Tyler
Durden on 05/31/2013 - Some of my first memories of television
are of a series called The Rocky and Bullwinkle Show, which was a witty
combination of animated cartoons about the exploits of the title characters,
Rocket "Rocky" J. Squirrel and Bullwinkle J. Moose and their nemeses,
two Pottsylvanian nogoodniks spies, Boris Badenov and Natasha Fatale. The show
was filled with current event commentary, political and social satire. The show
was also filled with commentary on economic and market conditions that
resonated with the parents watching the show while the kids focused on the
cartoons. Each show ended with the narrator describing the current cliffhanger
with a pair of related titles, usually with a bad pun intended. So let's adapt
some of my favorite Rocky and Bullwinkle episode titles to modern day ; we might see
that there are some political and economic challenges that are timeless, as it appears we
have been doing the same thing over and over for decades and expecting different
results.
Submitted by Tyler
Durden on 05/31/2013 - Will you? Or won't you?
Submitted by Tyler
Durden on 05/31/2013 - While stocks could continue to climb
higher that does not mitigate the underlying risks. In fact, it is
quite the opposite. It is very likely that we are creating one, or more, asset
bubbles once again. However, what is missing currently is the catalyst to spark
the next major correction. That catalyst is likely something that we are not
even aware of at the moment. It could be a resurgence of the Eurocrisis, a
banking crisis or Japan's grand experiment backfiring. It could also be the
upcoming debt ceiling debate, more government spending cuts, or higher tax
rates. It could even be just the onset of an economic business cycle recession
from the continued drags out of Europe and now the emerging market countries.
Regardless, at some point, and it is only a function of time, reality
and fantasy will collide. The reversion of the current extremes
will happen devastatingly fast. When this occurs the media will question how
such a thing could of happened? Questions will be asked why no one saw
it coming.
Submitted by Tyler
Durden on 05/31/2013 - Succinctly summarizing the positive and
negative news, data, and market events of the week...
Submitted by Tyler
Durden on 05/31/2013 - The Dow Jones Utility Index is down 35%
in the last two weeks - the largest drop since March 2009. Across the
board, what looked like being a normal BTFD day around midday, equity markets
were monkey-hammered lowered with the S&P 500's worst 2-week run in 6
months. The Dow dropped over 270 points intraday (and 400 from
its Monday highs) - attributed to a large month-end sell-side imbalance.
Equity markets appear to be playing catch-down to credit's warning messages
(though stocks are only down 1% from Friday's close, it feels like more as they
are -2.5% to 3% from the highs). JPY strengthened into the equity sell-off and
commodities all legged lower (with WTI -2.5% on the week and Gold unch) even as
the USD weakened 0.5% on the week. The reality of the one-way trade was very
evident. Treasuries came well off their worst levels of the day but remain 11-14bps higher
in yield on the week. VIX, which had also been sending its
warning messages, smashed 1.75 vols higher to 16.25%. It seems a lot
will be reflecting on the Dow/NKY convergence and the behavior in Japan this
week as they note there was no bounce at all in today's closing crash.
Submitted by RANSquawk
Video on 05/31/2013
Submitted by Tyler
Durden on 05/31/2013 - Courtesy of this picture, we can at
least put to rest all rumors that G-Pap and Pauly-K are the same person...
Submitted by Tyler
Durden on 05/31/2013 - While there is little gained in figuring
out the vacillations in equity 'markets' from one moment to the next, there
appear to be three reasons being discussed for this drop in stocks . First, this
is the worst month for the long bond in absolute price deterioration
since Dec 2009 - for managers in balanced portfolios, there will need to be a
month-end rebalancing 'into' bonds and out of stocks to ensure the weightings
remain with their mandates. Second, the index rebalancing is having some effect
on the equity market (though that has been well telegraphed). Third, and
perhaps more important to some, based on intraday data so far, the
much-discussed Hindenburg
Omen has been spotted. The last time we were this high in
stocks and the Hindenburg was spotted was October 2007...
Submitted by Tyler
Durden on 05/31/2013 - Having shifted our communication
stance from 'may' to 'will' last month , the Fed's upcoming POMO schedule
offers some insights into the days when shorting (apart from the obvious
Tuesdays) will be dangerous (though the BoJ now stuck may require a
communication change back to 'may') . We do note that the Fed POMO'd $44
billion out outright Treasury purchases in May (as expected) and plans to do
the same in June with $45 billion pegged (strongly suggesting no Taper
anytime soon) ... it seems next Friday is your first opportunity
(though if the last hour is anything to go by... perhaps the Fed's omniptence
is being challenged).
Submitted by Tyler
Durden on 05/31/2013 - While most of the headlines this week
have centered on Syria, Sweden (and Switzerland), Turkey has been cooking and
today has broken into full-scale riots. As
Reuters reports , Turkish police fired tear gas and water
cannon on Friday at demonstrators in central Istanbul, wounding scores of
people and prompting rallies in other cities in the fiercest anti-government
protests for years . The growing unrest centers on disquiet at the
authoritarianism of Prime Minister Tayyip Erdogan and his Islamist-rooted
Justice and Development Party (who just visited Obama). "We do not have a
government, we have Tayyip Erdogan ... Even AK Party supporters are saying they
have lost their mind, they are not listening to us." The protests somewhat
surprisingly were sparked by the uprooting of trees but rapidly escalated (as
seen below) into riot police, water cannon, and tear gas battles as protesters
exclaim, "we're fed up... we don't like the direction the
country is heading."
Submitted by Tyler
Durden on 05/31/2013 - Perhaps there is a reason why Morgan
Stanley is 'giving up' on its fixed income business. It seems, yet
again Morgan Stanley has hired an ex-Goldman Sachs criminal
opportunistic trader. Glenn Hadden, the very head of interest rate trading at
Morgan Stanley, has been found guilty of engaging in trading that violated
CME rules in Treasury futures on December 19th 2008 - while was
employed by Goldman Sachs. While Goldman faces a $875,000 slap on the wrist,
Hadden, somewhat remarkably will face a mere $80,000 fine and the wonderfully
timed (given the summer doldrums) 10-day suspension from trading . Doing God's
work wherever they trade... that'll teach him! And now, back to Glenn manipulating buying and
selling the 10 Year.
Submitted by Tyler
Durden on 05/31/2013 - Following Russia's
first shipment of S-300 Rockets and the CNN-reported deaths
of American and British citizens , it seems the situation in Syria is
escalating 'behind-the-scenes' with little attention being paid in general. Whether
it is the deaths or not, but according to the
FT , the 'war-by-proxy' is growing in numbers as the UK is poised to
ship arms to some rebel factions in Syria as soon as
this summer. "The precise timing has not yet been finalized and no
decision has yet been taken. But we are likely to be ... shipping arms to the
rebels by August," one official noted, adding that "the rebels need
ammunition, and a lot of it, just to keep fighting." The US had secretly
undertaken significant lobbying efforts of EU member states to get the EU arms
embargo amended and this week Britain and France forced through that deal
opening the door for the supply of weapons. Adding to the angst, Russia's MiG
aircraft makers said on Friday that it planned to sign a new agreement to ship
at least 10 fighter jets to Syria .
Submitted by Tyler
Durden on 05/31/2013 - The global Monsanto genetically modified
wheat scandal is getting worse.
Submitted by Tyler
Durden on 05/31/2013 - The global Monsanto genetically modified
wheat scandal is getting worse.
Submitted by Tyler
Durden on 05/31/2013 - Is there a better phrase to describe
modern government than “a seedy circus which is perpetually in debt?” It is perfect.
Government is exhausted. It, like Whipsnade’s circus, is out of
resources, ideas and solutions. Government has painted itself into a fiscal and
financial corner from which there is no escape. As a result of its profligacy,
government is no longer able to sustain itself. That is the real reason for the
Fed’s quantitative easing program(s). Taxes and traditional government bond
sales no longer provide enough money to run the monster. QE, more properly
described as counterfeiting, is a euphemism to disguise the insolvency of the
government. Without the Federal Reserve, government would have to pare down
dramatically. Government is now a facade, with guns. It has failed
miserably at governance and shifted its focus to survival.
Submitted by Tyler
Durden on 05/31/2013 - Presented with little comment, aside to
warn - beware the serial extrapolators...
Submitted by Tyler
Durden on 05/31/2013 - "QE detractors... see something
quite different. They see QE as not responding to the collapse in the
money multiplier but to some extent causing it. In this account QE – and the
flatter yield curves that have resulted from it – has itself broken the
monetary transmission mechanism, resulting in central banks pushing ever more
liquidity on a limper and limper string. In this view,
it is not inflation that’s at risk from QE, but rather, the health of
the financial system. In this view, instead of central banks
waiting for the money multiplier to rebound to old normal levels before QE is
tapered or ended, central banks must taper or end QE first to induce the money
multiplier and bank lending to increase."
Submitted by Tyler
Durden on 05/31/2013 - In the 15th century, the highest
standard of living in the world belonged to China. Places like
Nanjing had reached the pinnacle of civilization with incredibly modern
infrastructure, robust economies, substantial international trade, great
healthcare, and a rising middle class. If you had told a Chinese merchant
at the time that, over the course of the next several hundred years, global
primacy would shift to Europe (and a relatively unknown American continent),
you would have been laughed at. It was simply unthinkable given how advanced
China was over the west. And yet, it happened. Ironically, the tables are turning
yet again; in total objectivity, the patient is beyond cure at this
point… and the math is quite simple. Nations typically enter this
vicious cycle once they start having to borrow money just to pay interest on
what they already owe. The US is already way past this point.
Submitted by Tyler
Durden on 05/31/2013 - While the dollar is pricing in the
Taper, stocks are already looking beyond this transitory event, and in line
with what happened after the end of QE1, QE2, Operation Twist, and QE3, has
started pricing in the 'Untaper'. As an aside, we also we had a monster $5.016
billion POMO today... Though frankly, one glance at the charts below and it is
pretty clear what is really driving today's action in stocks - cough JPY cough...
Submitted by Tyler
Durden on 05/31/2013 - 10:59
* 550,000 SPY
shares * 10,000 June 2013
eMini futures contracts * 1,400
Nasdaq 100 futures contract *
800 Dow Jones futures contracts
* 350 Russell 2000 futures contracts * 125 S&P 400 Midcap
futures contracts *
300 Crude Oil futures contracts
* 900 Dollar Index futures contracts * 800 Gold futures contracts * 10,000 10yr T-Note futures contract * 2,500 5yr T-Note futures
contracts * 3,500
T-Bond futures contracts * 5,000 Eurodollar futures
contracts * 750
Japanese Yen futures contracts
* 600 Euro futures contracts
Submitted by Tyler
Durden on 05/31/2013 - Just three
weeks ago we noted Apollo Group's Leon Black's comment that his firm was "selling
everything not nailed down," and that he sees "the market is
pricey... in our view, priced for perfection." It seems he is not alone in
the 'buy-low-sell-high' crowd. If wonderful times are ahead for U.S. financial
markets, then why is so much of the smart money heading for the exits? Does it
make sense for insiders to be getting out of stocks and real estate if prices
are just going to continue to go up?
Submitted by Tyler
Durden on 05/31/2013 - When two weeks ago we
reported on the core retail sales "beat", we were surprised. Here's why:
"Retail sales ex autos were in line with expectations at -0.1%, on
expectations of a -0.2% print, but it was the sales number ex-autos and
gas which surprised the most , rising 0.6% on expectations of a +0.3%
increase, up from a -0.1% decline ." We are no longer surprised.
Reuters has the answer: US APRIL RETAIL SALES EX-AUTOS/GASOLINE
REVISED TO +0.2 PCT (PREV +0.6 PCT) And, as a reminder, the consensus
was for a +0.3% print. So instead of a 100% beat relative to consensus, it was
a 50% miss. Why did this happen: from the Census
Bureau : "retail sales estimates were revised to reflect the introduction of
a new sample, new seasonal factors, and results of the 2011 Annual Retail Trade
Survey." Of course, the algos who bid stocks up on the flashing read
headline of this now outdated and flawed "beat", will certainly go
back and sell all the stocks they were otherwise going to buy, since it is now
a "miss."
Submitted by Tyler
Durden on 05/31/2013 - It doesn't get any better than this. For
the fifth month in a row, UMich consumer confidence has beaten expectations and
its final print at 84.5 for May is the highest in six years. This 'confidence'
survey fits with the conference board's exuberance also. We can only
assume that it is the one-year high mortgage rates and considerably
lower-than-expected income and spending that is driving it? As a gentle
reminder, the US consumer was this cock-a-hoop just before the
market last topped in Q3 2007 - so we are not sure if it is 'useful'
for anyone but a self-aggrandizing anchoring-biased asset-gatherer. Current
economic conditions (at Oct 2007 highs) are surging (as are expectations) by
their most since Sep 2009. Of course, in perfect 'correlation' with this
'confidence', these consumers decided that May was the first time in a year to
cut spending...
Submitted by Tyler
Durden on 05/31/2013 - So much for all the other diffusion
indices, both around the world and in the US, telegraphing manufacturing
contraction. Three minutes before its official release, the rumor was that the
subscribers had seen a 58.7 print, on expectations of a 50.0 number, and up
from 49.0 Sure enough, this is just what happened when the official number hit,
leading the Chicago PMI to the highest print since March 2012: a 8 sigma beat
to the consensus print and far higher than the biggest forecast. And while last
time the plunge in the PMI was bullish for stocks as it meant no Tapering,
today the beat is also bullish because it means QE is working, and as a result
the stock market has wiped out all earlier losses. Looking at the report,
backlogs, deliveries and employment all snapped out of sub 50 contraction,
while production soared from 49.9 to a ridiculous 62.7. Even employment soared
from 48.7 to 56.9. Amusingly, the only thing that dipped in April was
Inventories, down from 40.6 to 40.4.
Submitted by Tyler
Durden on 05/31/2013 - Sadly, that "something" has
nothing to do with the real economy, but it has everything to do with the stock
market which is all that matters to the Fed. Presenting the Adjusted
Reserves held by Fed banks: it is, logically, at a fresh all time high. This is the
low-powered money that due to capital allocation preferences continues to go,
every day for the past 4 years, not into the broader economy (blame it on the
2s10s, or the disastrous state of the US consumer who has no desire for loans,
or what have you) but straight into the S&P500. Since the full blown launch
of QE3 excess bank reserves have grown by $500 billion, or roughly a 30%
increase in six months. Which is also the reason why the S&P has correlated
not with any actual fundamental data, but only this chart for the past 6 or so
months.
Submitted by Tyler
Durden on 05/31/2013 - Ireland has seen its youth unemployment
rate drop for 10 of the last 11 months and has dropped to a 'mere' 26.6%
- the lowest since July 2010 - in what is truly the only possible silver lining
in today's absolutely dreadful data release. All four of the other PIIGS
nations now have broken the dismal Maginot Line of 40% youth unemployment with
Italy finally joining the club ( Italy 40.5%, Portugal 42.5%, Spain
58.2%, and Greece 62.5% ). What is even more concerning is that
not only are these rates extremely high but they are accelerating with all four
of these dark nations seeing their rates rising faster than in recent months ( this was the
2nd fastest rise in Greek youth unemployment ever ). Overall,
Europe's youth unemployment rate continues to march higher (to 24.4%) having
not fallen for 24 months, but it is Spain that is the 'winner' with 41 consecutive
months without a drop in youth unemployment . With welfare
benefits running dry , and Sweden and Switzerland already running hot, we fear
this summer may bring the much-feared
unrest so many have been concerned about .
Submitted by Tyler
Durden on 05/31/2013 - In yet another confirmation that the US
consumer continues to get slammed, and is respectively slamming the GDP by
spending less, today's April personal spending and personal income both missed
expectations, printing flat and declining -0.2% from the March numbers, much as
expected following the Q1 spending spree, which means that economic growth in
Q2 and onward as a function of consumer spending will only "taper"
going forward especially with the delayed impacts of the payroll tax negative
effect on spending finally starting to trickle down. What's worse, is that
since incomes did not improve in April, the savings rate remained flat at a
minuscule 2.5%, or just off the lowest its has been since the start of the
Second Great Fed-propped Depression.
Submitted by Tyler
Durden on 05/31/2013 - Weakness in gold and silver is leading
to robust demand internationally as store of value buyers accumulate gold and
silver on this dip. This is particularly the case in Asia where premiums remain
robust and supply demand imbalances remain. The persistent strong demand of
this week began on the price falls in April. This demand is clearly seen in the
London gold and silver trading data released by the London Bullion Market
Association (LBMA) yesterday. London gold trading jumped to a 20 month high in
April and silver volumes surged 25% after the price falls led to an increase in
physical buying, the LBMA said in a report. Trading in gold averaged 24.1
million ounces a day in the London market, the most for any month since gold
reached record nominal highs in August 2011, the LBMA said in a statement
yesterday as reported by Bloomberg. The 24.1 million ounces was a 10%
increase on March when 21.8 million ounces a day were traded. Silver volume
surged nearly 25% to 165.2 million ounces a day, up from 132.5 million ounces
in March. There were 5,395 gold transactions on average per day, the highest on
record, while silver transfers at 1,007 a day were the second-highest ever,
according to the report.
Submitted by Tyler
Durden on 05/31/2013 - The European Union is leading the
nations of Europe nowhere. They have sat there and languished in
their own self-adoration, propped up their egos on self-congratulation and
flounced recitals of praise fluffed and huffed by one politician and told to
another. They have a central bank promising what cannot be delivered and they
have used up all of their capital to buy the debt they have created to support
the artifice. Then having mutilated the pension funds of their citizens and
having pressured every money manager on the Continent they congratulate
themselves on their lower yields. They see a road without end; we can see
the end. They congratulate themselves; we yawn as the mumbo jumbo
continues.
Submitted by Tyler
Durden on 05/31/2013 - If the scramble to hit 100% unemployment
was a race, then Europe is about to leap the rest of the world.
Submitted by Tyler
Durden on 05/31/2013
Record
unemployment, low inflation underline Europe's pain ( Reuters )
The ponzi gets
bigger and bigger: Spanish banks up sovereign bond holdings by more than 10% ( FT )
California
Lawmakers Turn Down Moratorium on Fracking ( BBG )
China’s Growing
Ranks of Elderly Beset by Depression, Study Says ( BBG )
Tokyo Prepares
for a Once-in-200-Year Flood to Top Sandy ( BBG )
Morgan Stanley
Cutting Correlation Unit Added $50 Billion ( BBG )
IMF warns over
yen weakness ( FT )
Rising
radioactive spills leave Fukushima fishermen floundering ( Reuters )
India records
slowest growth in a decade ( FT )
South
African rand leads emerging market rout
Ambrose Evans-Pritchard, telegraph.co.uk | Federal
Reserve influencing emerging market currencies.
Pakistan
may be next in line for an IMF bailout
Associated Press | The game plan is debt.
The
Student Loan Delinquency Rate In The United States Has Hit A Brand New Record
High
Economic
Collapse | 37 million Americans currently have outstanding student loans, and
the delinquency rate on those student loans has now reached a level never seen
before.
Unemployment
hits record high across the Eurozone at 12.2%, leaving nearly 20million people
out of work
Daily Mail | Unemployment has reached a new high in the euro zone,
with nearly 20 million people out of work, while inflation remains well below
the European Central Bank’s target.
Thousands
blockade European Central Bank in Frankfurt (VIDEO, PHOTOS)
RT | The entrance of the ECB is blocked by over 3,000
‘Blockupy’ protesters in a march against austerity. ‘Blockupy’ has announced
the coalition has “reached its first goal” of the day.
Some
Money Launderers are “More Equal” than Others
A
Lightning War for Liberty | “All animals are equal, but some animals are more
equal than others.”
The Social Cost Of
Capitalism
Paul
Craig Roberts | When I was a graduate student in economics, the social cost of
capitalism was a big issue in economic theory.
(5-31-13) Dow 15,115 -209 Nasdaq
3,456 -35 S&P
500 1,631 -24 http://albertpeia.com/todaysbusinesssummarylinks.htm
[CLOSE- OIL $91.65 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.83 (**The BTU-adjusted price of E-85 is the nationwide average price of E-85
adjusted to reflect the lower energy content as expressed in British Thermal
Units - and hence miles per gallon - available in a gallon of E-85 as compared
to the same volume of conventional gasoline…’ so adjusted=$4.00 – higher real
than quoted price for respective states including CA, infra – another
manipulation for the ‘feel good’ effect despite the inflationary over-printing
of weimar dollars/currencies)(reg.
gas in LAND OF FRUITS AND NUTS $4.65 REG./ $4.75 MID-GRADE/ $4.90
PREM./ $4.76 DIESEL L ) / GOLD $1,393 (+24% for year 2009) /
SILVER $22.23 (+47% for year 2009) / PLATINUM $1,453 (+56% for year 2009)
Metal News for the Day / DOLLAR= .76 EURO, 100 YEN, .65 POUND STERLING, ETC. (How low can you go
LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10YR NOTE YIELD 2.16% AP Business Highlights ...Yahoo Market
Update… This
Is a Secular Bear Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression is
just beginning The coming depression…
thecomingdepression.net The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE
MUCH, MUCH WORSE TO COME!
http://theeconomiccollapseblog.com
http://albertpeia.com/smartmoneybailingout.htm
CAT STAR http://online.wsj.com/article/SB10001424127887324412604578513352795950958.html
GoDZiRA
IS DeaD? Posted by : williambanzai7 Post date: 05/30/2013 - You have your fear, which might become reality; and you have
Market Godzilla, which IS reality...
http://albertpeia.com/godzira.htm
http://albertpeia.com/studentdelinquents.htm
http://albertpeia.com/usgovernmentdependence.htm
EURO
GHouLS: THeY SuCKeD THe YouTH oF EuRoPe DRy To SaVe THeiR ZoMBiE BaNKS... Posted by: williambanzai7 Post date: 05/29/2013 - Now they are here to help: Prepare for intensive Mandarin
lessons for retail, hotel and hospitality trainees and fast track privatization
interns. http://albertpeia.com/ghoulssuckyoudry.htm
http://albertpeia.com/40statsfallofuseconomy.htm
http://albertpeia.com/basel3down.htm
http://albertpeia.com/japfinsyswild.htm
http://albertpeia.com/nextwardont.htm
INTRoDuCiNG
THe FRaUD SQuaD... Posted by: williambanzai7 Post date: 05/28/2013 - Today's episode: Open Caption http://albertpeia.com/fraudsquad.htm
KuRoDa
IS RiDiNG THe BuLL... Posted by : williambanzai7 Post date: 05/27/2013 - What's the next stunt he will pull? http://albertpeia.com/ridingthebull.htm
FiRST
PiSSeR... Posted by : williambanzai7 Post date: 05/26/2013 - Hi-tech sleuthing for rounding up leakers...how innovative! http://albertpeia.com/bofirstpisser.htm
http://news.yahoo.com/blogs/lookout/feline-film-festival-makes-stars-cats-143826954.html
http://news.yahoo.com/video/best-cat-videos-celebrated-film-131400760.html
http://gothamist.com/2013/04/01/internet_cat_video_film_festival_co.php
http://online.wsj.com/article/SB10001424127887324412604578513352795950958.html
HoW
DoeS A PoTuS DiSTRaCT ATTeNTioN FRoM A BuCKeT oF SCaNDaLS? Posted by : williambanzai7 Post date: 05/24/2013 - Drone On Debt Bro, Drone On! http://albertpeia.com/potobopopus.htm
America's
Bubble Economy Is Going To Become An Economic Black Hole Submitted by Tyler
Durden on 05/24/2013 - What is going to happen when the greatest economic
bubble in the history of the world pops? The mainstream media never talks about that. They are much too busy covering the latest
dogfights in Washington and what Justin Bieber has been up to. And most Americans seem to think that if
the Dow keeps setting new all-time highs that everything must be okay. Sadly, that is not the case at all. Right now, the
U.S. economy is exhibiting all of the classic symptoms of a bubble economy.
What we are witnessing right now is the calm before the storm. Let us
hope that it lasts for as long as possible so that we can have more time to
prepare. Unfortunately, this bubble of false hope will not last forever. At some point it will end, and then
the pain will begin. http://albertpeia.com/usbubbleeconomicblackhole.htm http://albertpeia.com/usnaturaldisasters.htm
http://albertpeia.com/dry.htm
http://albertpeia.com/inflationdeflation.htm
{ I believe he is
correct; both, america having adopted the zimbabwee economic/fraud model. }
http://albertpeia.com/usbubbleeconomicblackhole.htm
ZiG
ZaG BeN... Posted by : williambanzai7 Post date: 05/22/2013 - Protect America, report all market contrarian
activities! http://albertpeia.com/ziggyzagben.htm
INTRoDuCiNG
EURO CRiSiS CouTuRe 2013... Posted by: williambanzai7 Post date: 05/21/2013 - They've got the look! http://albertpeia.com/eurocrisiscouture.htm
Hyperinflation
– 10 Worst Cases Posted by: Pivotfarm Post date: 05/22/2013 - Inflation is hot property today, hyperinflation is even hotter!
We think we are modern, contemporary, smart and ready to deal with anything.
We’ve got that seen-it-all-before, been-there-done-it...
Argentine
Inflation: It’s Tough When All You Get Is Lies Posted by: testosteronepit Post date: 05/22/2013 - But 34.9%?
Fed
Stimulus Still Needed to Help Recovery, Bernanke Says { Come on … there’s been no real recovery …
he really means more cover for his and wobama’s unequivocal failure and more
money for the paper frauds on wall street who the fed’s orchestrated,
manipulated slamdown of gold/precious metals was meant to fraudulently
help. } NY Times | Despite recent improvement in the job market, the Federal
Reserve needs to continue its stimulus efforts to avoid endangering the
recovery says Bernanke.
http://albertpeia.com/7thingsaboutmainstreammedia.htm
MarketWatch Moody's could downgrade U.S. debt in 2013: report
TiCKeTS
FoR THe FiaT BaBY... Posted by : williambanzai7 Post date: 05/20/2013 - "Money power denounces, as public enemies, all who
question its methods or throw light upon its crimes."--William Jennings
Bryan http://albertpeia.com/thefiatbaby.htm
THe
MaSTeR & APPReNTiCe...con't Posted by: williambanzai7 Post date: 05/16/2013 - We're not going to have another Watergate in our lifetime.
I'm sure.--Bob Woodward History does not repeat itself, but it does
rhyme.--Mark Twain http://albertpeia.com/masterapprentice.htm
THe
PRoCToLoGiST MaY 2013... Posted by : williambanzai7 Post date: 05/17/2013 - And the Sacred Dow...
http://albertpeia.com/proctology.htm
FiNaNCiaL
TeRRoRiSM AND PoLiTiCaL SeX MaP... Posted by : williambanzai7 Post date: 05/18/2013 - 09:37 Crazy ant version... http://albertpeia.com/proctology.htm
More
Foreclosures and Suicides than During the Great Depression Posted by: George Washington Post date: 05/17/2013 - Read 'Em and Weep
Wal-Mart
Warns of a Slowdown Posted by: Phoenix Capital... Post date: 05/17/2013 - So much for the “recovery” theory. If you look at
the real economy, things are getting worse and worse. When even
Wal-Mart reports that people are spending less (remember that...
The
2013 Terrorism & Political Violence Map Submitted by Tyler
Durden on 05/17/2013 - The following map ( via AON ) measures the risk of political violence to international
business in 200 countries and territories, based on three icons indicating the
forms of political violence which are likely to be encountered: Terrorism and
sabotage; Strikes, riots, civil commotion and malicious damage; and Political
insurrection, revolution, rebellion, mutiny, coup d'etat, war and civil war.
Top
Constitutional Experts: Obama Is Worse than Nixon Posted by : George Washington Post date: 05/15/2013 - Objective Analysis: Obama Versus Nixon
http://albertpeia.com/obummerirsapbenghazi.htm
http://albertpeia.com/irsauditsusedonpoliticalfoes.htm
{ The time has come to call a spade a spade because the reality is that
they are spades! }
No
BaNK DePoSiTS WiLL Be SPaReD FRoM CoNFiSCaTioN Posted by: williambanzai7 Post date: 05/15/2013 - It will come as a shock to all of you to know that such
daylight robbery is perfectly legal and this has been so for hundreds of years. http://albertpeia.com/bankdepositconfiscation.htm
What
Happens When the Bond Bull Market Ends? Posted by: Phoenix Capital... Post date: 05/16/2013 - Bill Gross, who manages the world’s largest bond fund,
has indicated that the 30+ year old super cycle bull market in bonds has ended.
This is very bad news for the markets. Stocks
Disconnect From Reality... and Every Other Asset Class - Investors, take note… stocks are always the last to “get it.” This
bubble will end as all bubbles do: in disaster.
Elizabeth
Warren Confronts Eric Holder, Ben Bernanke And Mary Jo White On Too-Big-To-Jail Submitted by Tyler Durden on 05/15/2013 - Elizabeth
Warren is one of the few Senators out there pushing to understand why the
federal government has created an untouchable class of criminals in America
that can do whatever they want whenever they want and, not only get away with
it, but also get bailed out when they make mistakes. Now she has written a
letter to Ben Bernanke, Eric Holder and Mary Jo White. My favorite line
is: “If large financial institutions can break the law and accumulate
millions in profits and, if they get caught, settle by paying out of those
profits, they do not have much incentive to follow the law.” Indeed, which
is why they don’t. Full letter embedded below.
Just Plain
Silly Submitted by Tyler
Durden on 05/16/2013 - Presented with no comment... { The time has come to call a spade a spade
because the reality is that they are spades! }
http://albertpeia.com/silly.htm
http://albertpeia.com/scenesfromeconomiccollapse.htm
The
US Student Loan Bubble Broken Down By State, And Why Washington D.C. Sticks Out
Like A Sore Thumb http://albertpeia.com/studentloanbubblebreakdown.htm
THe
MaSTeR & APPReNTiCe... Posted by: williambanzai7 Post date: 05/14/2013 - Power corrupts buffoonery...
http://albertpeia.com/theimpeachables.htm
WHAT I LEARNED FROM DEAD PEOPLE By Rodney Johnson, Editor, Survive &
Prosper Dear Al, No, I’m not channeling the movie The Sixth Sense . I don’t see
or hear dead people… but I do learn from them.
So I checked into it…
Sure enough, the average age of death
for a man in 1900 was 48. The average age of death for a man today is just over
78. That is indeed a 30-year difference.
HOWEVER…
If I look at the rate of death by age,
the numbers get skewed.
Yes, the average age of death in 1900
was 48, BUT over 15% of the deaths occurred before the age of five. This
enormous number of deaths before the age of five had the effect of
dramatically lowering the average age of death in those days. For many of those
who made it past five years old, they survived well into their 70s and 80s,
which is much closer to what we’d expect, given our knowledge of relatives and
people at the time.
Interestingly, we commonly attribute the
extension of life to advances in health science that allow us to live into old
age. The reality is that advances in health science stopped us from dying as
children.
This is yet another example of
misleading averages. When you dig just a little deeper it’s immediately obvious
that the average age of death in 1900 is a pretty useless number. The same
thing happens in the world of investing...
Since 1926, the average return on large
cap stocks has been around 9%. That seems pretty good. I’d like a 9% return
each year.
But of course the return is not 9% every
year, it’s just the average. In fact, the returns are quite spread out.
Technically speaking, the returns have a wide dispersion from the mean. So if
the average return is 9%, but there’s a wide dispersion from this number, then
how do we know what to expect each year?
Good question.
Most, if not all, financial software
uses normal distributions and standard deviations to calculate expected returns
for investments. Without getting too complicated, the software assumes that the
returns are normally distributed (like a bell curve), with a set standard
deviation (or how far each year strays from the expectation of the average).
So the average return of large cap
stocks may be 9%, but the standard deviation is 19%.
To be 99% sure that your estimate of
next year’s return is correct, you must be willing to accept a range of
returns. In this case, that range is three standard deviations above and below
the average of 9%. You read that correctly. To be 99% sure – not 100%, mind you
– that you have a good estimate of next year’s return on large cap stocks, you
must be willing to accept a range of returns from 9% minus 57% (three standard
deviations below) to 9% plus 57% (three standard deviations above). In other
words, a range of negative 48% to positive 66%, or a 114% spread around the
expectation of 9%!
What kind of planning is that?!
Who in their right mind would invest in
something with the thought that it’s “okay” to have anywhere from a loss of
almost 50% to a gain of more than 60% each year?
That’s crazy!
And yet that’s the exact way most
financial software operates.
If you suddenly feel less sure about
buying and holding equities, and have less faith in the statement that “over
the long term, equities go up,” join the club!
There are better ways.
Instead of simply plodding along, buying
and holding with the hope that it all works out in the end, be proactive! Take
an active role in estimating the risk and reward potential of markets,
industries, and individual securities. Look across the economic landscape at
the different forces that are driving markets at the moment and ask yourself:
“Does all this make sense?” If the answer is “No,” then you could be set to
experience the low end of the expectation range for equities!’ Rodney
A
SceNe FRoM KeYNeSiaN HeLL... Posted by : williambanzai7 Post date: 05/11/2013 - The liar, I mean lair of Beezle Ben... http://albertpeia.com/beezlebensatan.htm
MarketWatch Everything
is overvalued Rex Nutting Commentary: Bull markets can persist for a long time, just not
forever. And not just in stocks.
MarketWatch Mark
Hulbert May 10, 2013 Investors can’t beat the machines Commentary:
Computer-dominated trading takes over http://albertpeia.com/cantbeatthemachines.htm
HoTRoDDInG
THe PoNZi FiNaNCiaL SYsTeM... Posted by : williambanzai7 Post date: 05/10/2013 - An excerpt from today's speech by Dr Sigmund Fraud http://albertpeia.com/hotponzifinancialsystem.htm
http://albertpeia.com/deathofpapergoldscam.htm
See
for Yourself: Syrian Government Likely Did Not Use Chemical Weapons Posted by : George Washington Post date: 05/08/2013 - Who Should You Believe … The UN Investigator or the
U.S.? Why
America Fell So Far … So Fast Posted by: George Washington Post date: 05/07/2013 - All Empires Crash Soon After They Reach Their Peak
UNHaPPY
EURO AuSTeRiTY DaY 2013! Posted by: williambanzai7 Post date: 05/08/2013 - May Nein 2013... http://albertpeia.com/austerityday.htm
MarketWatch Hunting
the last bear Wall Street needs its own Endangered Species Act since
it seems everyone is now a bull. By
John Nyaradi ‘… It seems that everyone on Wall Street
is a bull today as the S&P 500 SPX +0.41% and Dow Jones
Industrial Average DJIA +0.32% have
settled into a predictable routine of "another day, another record,"
despite the steady stream of negative macro economic data.
Bears, now virtually extinct, were hoping instead for a feast as the poor
economic reports came pouring in over recent days:
1. April nonfarm payrolls — a mediocre 165,000 payroll jobs added which
was celebrated as a huge win by markets last week.
2. ISM nonmanufacturing report showed a decline to 53.1, broadly missing
expectations.
3. April manufacturing ISM report posted a drop to 50.7 from 51.3 in
March. Because 50 is the threshold which distinguishes contraction from
expansion, the April manufacturing PMI fell to just barely within the
expansionary range.
4. Euro-zone manufacturing PMI for April declined to 46.7 from 46.8 in
March while euro-zone retail sales declined by 0.1% in March. For the 27-nation
European Union, March retail sales fell by 0.2%,
5. Euro-zone unemployment came in at 12.1% in March.
6. April's HSBC China Composite PMI (which covers both manufacturing and
services) declined to 51.1 from 53.5 in March, indicating the weakest rate of
expansion since last October. Hong Kong's PMI also settled into contractionary
territory at 49.9, down from 50.5 in March.
Despite all the bad economic news, Wall Street bears look positively
cadaverous as financial markets levitate higher and seemingly disconnect from
the real economy. This disconnect is generating an expanding discussion, and
even a name, "The Great Disconnect," which has followed "The
Great Recession," as Wall Street's fortunes look decidedly different from
those on Main Street.
Everyone seems to be in agreement that the recent financial levitation has
been generated by global central banks, and during his presentation at last
week's 10th annual Strategic Investment Conference, presented by Altegris
Investments and John Mauldin, Pimco's Mohamed El-Erian emphasized that
investors must be ready for the "hand off" by central banks, when the
era of assisted support gives way to the era of organic growth.
Even the Oracle of Omaha, Warren Buffett, has joined the discussion by
saying that when the Federal Reserve finally raises interest rates from their
current near-zero level, it will be the "shot heard around the
world".
As the discussion grows louder, the Federal Reserve seems to be coming under
ever intensifying pressure, and that was in evidence last week when the Fed
announced that it would continue its bond-buying program. known as quantitative
easing. Longtime Fed critic Ron Paul emphasized that the program works only to
the advantage of big bankers and politicians, while hurting middle-class and
impoverished Americans. Warren Buffett echoed a similar theme when he pointed
out — at Berkshire Hathaway's BRK.A +0.96% annual shareholders'
meeting in Nebraska — that the Fed's quantitative easing program has made life
difficult for people who live on fixed-income investments…’ {
Modern 1920’s redux … all we need are ‘flappers’! }
Bubble Logic By Harry S.
Dent Jr., Editor , Survive & Prosper Wednesday, May 08, 2013
‘Dear Al, Bubble logic
has taken over. Everyone (it seems) has
put lipstick on the elephant in the room and is now patting themselves on the
back. Champaign glasses are clinking, party hats are adorned. Oh happy days!
Of course, I’m talking about the latest
surge in markets. Dow over 15,000… S&P 500 over 1,600.
Life is good. The Fed will keep
stimulating. Stocks are climbing a “wall of worry.” The economy keeps
improving. Look, even the unemployment situation isn’t so bad anymore.
At which point I must stop and ask: has everyone gone nuts?!
This is the way it always looks as a
bubble is topping.
ALWAYS.
And history backs me up on that…
The first major bubble in recorded
history was the Dutch tulips bubble – tulip mania. Insignificant little tulip
bubbles were trading on the first futures markets and investors just started
bidding them higher and higher for a few years until they went to more
ridiculous levels than any bubble in current times. At the peak, tulip prices
rose 20-fold in a single month!
It was the first time that people
demonstrated the reality that, as long as other people thought something was
worth a lot, prices could go way beyond any rational level, until the bubble
burst…
And bubbles always burst. People are
greedy little bastards and can’t resist easy profits.
We have seen one bubble after another
since the 1980s. There was the 1987 stock bubble. The early 2000s tech stock
bubble. The 2006 real estate bubble. The 2007 stock bubble, which was more
around emerging markets. Now we have the 2013 bubble.
Since early 2009, stocks have gone up
even faster and further than they did in the 2003 – 2007 bubble. But this time,
it’s the Fed driving the bus.
Past bubbles were just exaggerations of
strong fundamental economic trends. But this one has come from massive
injections of money into the economy to keep the banks from failing. That money
keeps the economy barely growing, but more importantly, it gets reinvested and
pushes up stock prices and financial assets in general.
It’s taking $2 trillion in stimulus – $1
trillion in fiscal deficits and $1 trillion in QE or monetary injections – to
create a mere $300 billion in GDP growth. Imagine where our economy would be
without such massive stimulus. We’d be in a depression, not just a recession.
This “recovery,” this stock market
surge, is entirely generated by government stimulus, here and around the world.
But Wall Street doesn’t care. A market on crack, just wants more crack, and
they keep getting it.
Our first forecast was that there would
be strong resistance at 1,600 on the S&P 500 as that represented a
trend-line through the tops of the last two bubbles in early 2000 and late
2007. We call this a megaphone pattern: higher highs in each bubble followed by
lower lows in each crash to follow.
Now that this level is broken, we see
the next major resistance coming from the Dow again in the months ahead. Should
we break that level, then there is no resistance. But we doubt it will.
Ultimately we’ll see a major top, likely later this year.
Paul Joseph Watson | “Never
before revealed information” to be aired at press conference.
Robert
D. Cubby (Retired Police Captain) ‘ It was fitting and gratifying to see after 40 years, that piece of garbage
Joanne Chesimard FINALLY declared a terrorist and put on the most wanted list.
We knew that 40 years ago but it took this country that long to realize that,
yes, this country can produce terrorists capable and willing to kill its
citizens and police officers. Her and her group declared war on law enforcement
when she killed Werner Foster, NJ State Trooper on the Turnpike during that car
stop. Now to treat her like we treat all terrorists. Your days are numbered
bitch!!!!!!!!!!’ { I second that
emotion and agree 100%! }
{ SEAL TEAM 4
COMMANDING OFFICER BEST KNOWN FOR FINDING & THEN KILLING OSAMA BIN LADEN
COMMITS SUICIDE thelastgreatstand.com 25 members of the team who allegedly
killed Bin Laden are dead. No conspiracy theory there. Just the facts. You
decide. - “Bin Laden” Heroes Probably
Murderered to Keep Them Quiet ... Gordon Duff
Veterans Today
FLASHBACK: Eyewitness to OBL Raid Saw Helicopter Explode (TRANSCRIPT) [ As
indicated on this albertpeia.com website, I didn’t buy the administration’s
desperate and politically opportunist Osama event and still don’t buy it; and
further, I believe this! ] Veterans Today | TRANSCRIPT
of critical interview with Pakistani eyewitness to Bin Laden raid. Is this the
key to SEAL Team 6′s demise?
“Bin Laden”
Heroes Probably Murderered to Keep Them Quiet Gordon Duff
Veterans
Today August 7, 2011 | Some Possibly Killed in Abbottabad
Helicopter Crash Months Before. [ As indicated on this albertpeia.com website,
I didn’t buy the administration’s desperate and politically opportunist Osama
event and still don’t buy it; and further, I believe this! ] Today 31 NATO
troops, 20 of them Navy Seals from the Osama bin Laden operation died in what
is reported as a helicopter crash in Afghanistan.
‘The
chance of this story being true is almost nil. The chances of this being a staged
coverup is over 80%. We believe these people were murdered to silence them.
This is why.
We
have solid information on two areas:
1. Osama bin Laden died in 2001 as an active CIA employee and his body was
recovered in Afghanistan and taken to “the sand box.” We were told it was
frozen. We have so much verification from this, CIA, ISI, US military and top
officials. I have a direct confirmation from Bin Laden’s CIA handler who I
grilled mercilessly on this.
2. The Abbottabad operation involved numerous American deaths, witnessed,
bodies all over, a helicopter crash. (suppressed translated TV interview below)
These bodies were recovered by land vehicle from Islamabad and there was NO
“successful” bin Laden operation of any kind. There was and has been a CIA safe
house in Abbotabad where terror suspects were stored for years.
This gave the US several areas of severe
vulnerability. Generally, Navy Seals are the best people in the world at
keeping their mouths shut, these are real team players, as the term “Seal Team”
belies.
We at VT were informed that the bin Laden operation was staged at this
time, a theatrical farce, to cover the exit of Secretary Gates, the move by
former CIA Director Leon Panetta into the DOD as Secretary of Defense and to
stem any heroic claims by new CIA Director Petraeus of killing the long dead
Osama bin Laden, the long frozen CIA operative.
Petraeus is a possible presidential
contender and had to be denied this “gift from heaven,” a fast track to the
oval office for sure.
Again,
I remind you, I went over specific meetings on bin Laden with his handlers,
getting every last detail. I have watched what has gone on, the continuing need
to vilify a long dead top CIA operative to provide residual cover for the Bush
administration…
The
reason? Bush and his cronies are all facing charges of war crimes, not just in
minor jurisdictions but heading for the ICC, putting them on the dock with
Gaddafi ( a far less harmful character).
As for
the timing of this incident? This we will work on. What we can easily surmise
is that some of the dead have been dead since their bodies were taken away from
the helicopter crash site in Abbotabad.
Who
would order such a thing? We are going to have to wait but we are going to find
out. However, we expected this, the timing is exactly as predicted. Read full
article ‘ }
The
Price Of Copper And 11 Other Recession Indicators That Are Flashing Red
Michael
Snyder | There are a dozen significant economic indicators that are warning
that the U.S. economy is heading into a recession. http://albertpeia.com/recessionindicatorsflashingred.htm
11
Reasons Why The Federal Reserve Should Be Abolished
Economic
Collapse | If the American people truly understood how the Federal Reserve
system works and what it has done to us, they would be screaming for it to be
abolished immediately.
New
York to sue BofA, Wells Fargo Over Mortgage Practices
Reuters | “Wells Fargo and Bank of America have flagrantly
violated those obligations, putting hundreds of homeowners across New York at
greater risk of foreclosure.”
Chinese
Gold Imports Soar To Monthly Record On Insatiable Demand
Zero
Hedge | China is not backing off its gold purchases of the yellow product.
Visualizing
The Collapse Of Fiat Currencies
Zero
Hedge | Presented with little comment – aside to note, it’s never different
this time…
Generation
J(obless): A Quarter Of The Planet’s Youth Is Neither Working Nor Studying
Zero
Hedge | The world’s population of NEETs (not in employment, education, or
training) is a stunning 290 million – or around one-quarter of the world’s
youth.
The
Price Of Copper And 11 Other Recession Indicators That Are Flashing Red
Economic
Collapse | There are a dozen significant economic indicators that are warning
that the U.S. economy is heading into a recession. http://albertpeia.com/recessionindicatorsflashingred.htm
(5-8-13) Dow 15,105 +49 Nasdaq 3,413 +16 S&P 500 1,633 +7 http://albertpeia.com/todaysbusinesssummarylinks.htm
[CLOSE- OIL $96.69 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS
$3.83 (**The BTU-adjusted price of E-85 is the nationwide average price of E-85
adjusted to reflect the lower energy content as expressed in British Thermal
Units - and hence miles per gallon - available in a gallon of E-85 as compared
to the same volume of conventional gasoline…’ so adjusted=$4.00 – higher real
than quoted price for respective states including CA, infra – another
manipulation for the ‘feel good’ effect despite the inflationary over-printing
of weimar dollars/currencies)(reg.
gas in LAND OF FRUITS AND NUTS $4.65 REG./ $4.75 MID-GRADE/ $4.90
PREM./ $4.76 DIESEL L ) / GOLD $1,472 (+24% for year 2009) / SILVER $23.89 (+47%
for year 2009) / PLATINUM $1,500 (+56% for year 2009) Metal News for the Day / DOLLAR= .75 EURO, 98 YEN, .64 POUND STERLING, ETC. (How low can you go
LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10YR NOTE YIELD 1.81%
AP Business Highlights ...Yahoo Market
Update… This
Is a Secular Bear Market and The End of Buy and Hold … and Hope The bull market that never was/were beyond wall
street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read
Economic / Financial Data This Depression is
just beginning The coming depression…
thecomingdepression.net The
Next Wave of Collapse is Coming Sooner than you think Sliding
Back Into the Great Depression ABSOLUTELY, ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE
MUCH, MUCH WORSE TO COME!
THe Oracle
oF OMaHa... by: williambanzai7 http://albertpeia.com/oracleomahaho.htm
http://albertpeia.com/recessionindicatorsflashingred.htm
Survive
the financial apocalypse Paul Merriman We're heading
for a major decline. Here are 9 steps to take to protect yourself.
http://albertpeia.com/collegedscam.htm
http://albertpeia.com/usgovmonitoringall.htm
ToNeR
MaN... Posted by : williambanzai7 Post date: 05/04/2013 - Calling all Moms...
http://albertpeia.com/tonerman.htm
THe
HouSe oF JP ENRoN CRoSSWoRD PuZZLe... Posted by : williambanzai7 Post date: 05/06/2013 - QUESTION: Why do idiot shareholders think Jamie Dimon
deserves to continue in the dual role of Chairman and CEO? ANSWER:
"Because I am richer than you are!" http://albertpeia.com/jpenroncrossword.htm
The
Financial Press: A Disinformation Machine
Paul Craig Roberts | Let’s take a walk through the BLS report and you
can arrive at your own conclusion. {
All bad news and these ever more worthless commissioned-paper (actually not
even) shares at lightning computerized speed are rallying … just like zimbawee
(the best performing stock-market of the decade past) … and just like
zimbabwee, they’re all a bunch of niggers on wall street (their QE welfare
everyone’s paying for included) … no wonder this country’s done/in protracted
decline! This is an all too familiar scam that as before, everyone is and will
be paying for. How does it feel to be dumb! [Parenthetically, just this moment,
an ‘equities expert’ (on one of those syndicated business programs, NBR-just
bought out by cnbc which means they just got a lot dumber and I had to turn it
off and will never watch NBR again…nbc is a horrible propaganda network
(finishing deservingly last among the so-called ‘majors’), mobsters like trump
on that ‘apprentice thing’ with toothy nutcases like gary busey, etc.. ‘No
credibility whatsoever and a total joke!) said house prices (as well as the
‘paper shares’, gas, oil, food staples, meat, etc.) are rising (duh! …
contraindicated implication-‘happy days are here again’)… riiiiight … just like
zimbabwee! How pathetic! ]Goldman
'Explains' The 'Market': "Best Not To Look A Gift-Horse In The Mouth" ZH {
Riiiiight! Sounds like a plan! The ‘gift-horse’ that’s … not a gift-horse at
all … You’re paying through your nose and teeth. It was amusing to see
mainstream media puzzling over the record high gas prices so early in this time
of year, and as well, the coming jump in beef prices. There’s no mystery here!
This is the natural and inevitable concomitant to ‘printing presses gone wild’.
Not printing presses for product for intellectual consumption; but rather,
printing presses (whether by print or computer ledger entry) for those ever
more worthless paper fiat dollars backed by nothing but insurmountable debt of
a defacto bankrupt nation. Remember: There’s no free lunch … fraudulent wall
street’s predictable/intended gain (from QE, currency debasement, etc.) is your
substantial pain! It’s the zimbabwee financial model gone american … , Kyle
Bass Tells 'Nominal' Stock Market Cheerleaders: Remember Zimbabwe Submitted by Tyler Durden } “ Amid the
euphoria of today's crossing of the Dow's Maginot Line at 14,000, Kyle Bass
provided a few minutes of sanity this morning in an interview with CNBC's Gary
Kaminsky. Bass starts by reflecting on the ongoing (and escalating) money-printing
( or
balance sheet expansion as we noted here ) as the driver of stock movements
currently and would not be surprised to see them move higher still (given the
ongoing printing expected). However, he caveats that nominally bullish
statement with a critical point, "Zimbabwe's
stock market was the best performer this decade - but your entire portfolio now
buys you 3 eggs" as purchasing power is crushed.
Investors, he says, are "too focused on nominal prices" as the rate
of growth of the monetary base is destroying true wealth. Bass is convinced
that cost-push inflation is coming (as the velocity of money will move once
psychology shifts) and investors
must not take their eye off the insidious nature of underlying inflation - no matter
what we are told by the government (as they will always lie when its
critical)…” , Post-Hyperinflationary
Zimbabwe Welcomes The Holidays With 80% Unemployment, Empty ATMs And Paralyzed
Transport { Just another typical
nigger! Speaking of niggers, if wobama is given the opportunity as he has thus
far, he’ll tread the same path as fellow nigger mugabe. } … Zimbabweans are
facing bleak holidays this year amid rising poverty, food and cash shortages
and political uncertainty, with some describing it as the worst since the
formation of the coalition government in the southern African nation.... Banks have closed,
ATMs have run out of cash and transport services have been paralyzed." It
gets worse: "Zimbabwe's unemployment is pegged at around 80 percent with
many people in Harare, the capital, eking out a living by selling vegetables
and fruits on street corners." And all of this is
after the massive economic imbalances in Zimbabwe's economy should have been
"fixed" (or so conventional economic theory would have one believe)
courtesy of hyperinflation, which left any savers in tatters, destroyed the
value of the old currency, benefited solely debtors but also allowed a
fresh start to a government, which could only remain in power due to a violent
power grab by the democratically elected-turned-dictator Robert Mugabe. }
MarketWatch The
coming June swoon Avi Gilburt The top is not
in place yet but this upside wave will be complete in just a few more weeks.
http://albertpeia.com/fedreserveshouldbeabolished.htm
Just
Like Iraq: U.S. Arms Butchers Who Use Chemical Weapons On Civilians … and Then
Tries to Frame Someone Else Posted by: George Washington Post date: 05/06/2013 - A Blast from the Past ...
Heading
For a 2008-Style Economic Implosion Posted by: Phoenix Capital... Post date: 05/06/2013 - This is how companies deal with economic contractions. They
don’t start laying people off en masse… they start cutting work hours bit by
bit. The mass layoffs don’t come until the...
PaRTYiNG
LiKe IT'S 1929... Posted by : williambanzai7 Post date: 05/03/2013 - Ye Festival of Greater Fools continues... http://albertpeia.com/greaterfoolsdepressionfestival.htm
http://albertpeia.com/whatrecovery.htm
http://albertpeia.com/recordlowselfemployed.htm
http://albertpeia.com/governmentshutdownofbitcoin.htm
Marketwatch You
can't trust the media It’s easy to get
so caught up in media hype about investing and miss the bigger point, cautions
Chuck Jaffe.
Submitted by Tyler
Durden on 05/03/2013
Bank of America 125K
UBS 130K
Deutsche Bank 140K
Citigroup 140K
J P Morgan 145K
Goldman Sachs 150K
Barclays 150K
HSBC 170K
DOW
15,000 + TIME TO GET SCARED BY RODNEY JOHNSON, EDITOR, SURVIVE & PROSPER www.survive-prosper.com
‘Dear Al, It’s happened. The Dow broke through the
15,000 mark.
I can only imagine the string of four
letter words going through Harry’s mind right now…
He’s in a conference in Orlando, working
with business owners and entrepreneurs, but I know he has an eye on his phone,
watching the broad market indices hit new highs.
I’ve no doubt he’s railing against the
Fed, the ECB, and the BoJ, as each entity (along with other large central
banks) has a hand in driving equity prices to crazy highs in the face of anemic
economic numbers, all the while siphoning off value from savers and
bondholders.
His anger is not abstract.
He’s not ticked because banksters are
causing a huge bubble… he’s ticked because of what comes next, and what that
means to you and everyday investors.
Stability creates its own instability. It is a weird statement, but it has
a lot of power…
Hyman Minsky described the process well.
He pointed out that, over time, stability (or the lack of volatility) creates
instability because people become accustomed to the status quo and then take on
more risk than they should.
Oh, the markets are going up again? Of
course they are. The Fed is printing $85 billion a month to make sure of it.
Are the manufacturing and trade numbers
bad? No worries, the markets are going up again anyway; the Fed is making sure
of it.
Is the European Union (EU) is in
recession? No problem, the ECB has pledged to take care of it, and the markets
are going up again…
At this point we all know the game.
Whatever happens, wherever on the planet it happens, the markets won’t go down
because the Fed doesn’t want them to. Right up until the system collapses on
itself, that is.
Right up until people realize that we
added jobs, but fewer jobs than the number of people who joined the labor
force.
Right up until people realize that we
added 278,000 part-time jobs because people couldn’t find full-time work.
Right up until people realize that
unemployment in the EU is now over 12% and going higher.
Right up until people recognize that the
EU is in recession.
But until then, the markets are marching
higher, propped up by the central banks around the world, who continually tell
us not to worry, because they’re here to make sure nothing bad ever happens.
The longer this situation goes on, the
worse the eventual downturn becomes. THAT is what makes Harry so angry.
This knowledge is not lost on central
bankers. They are not dumb. Why would they continually feed crack to an addict,
when the obvious but painful choice should be detox?
Because no one wants to be the person to
pull the plug. No one wants to be the person who acknowledges the actual size
and scope of the debt crisis that never went away, but was just pushed under
the rug and hidden by trillions of newly printed dollars, yen, and euro.
With the markets at new highs today, the
path isn’t clear. How long can central banks keep up the charade? How long will
people blindly follow the pied pipers of finance? We don’t know, but we don’t
want to be hanging around to find out!
We maintain tight control over our
portfolio in Boom & Bust , holding equities that are gaining
while the craziness lasts, but focusing mostly on income producing securities
that give us some cushion. The goal is to make money while we can, and yet
remain vigilant as we watch for the signs to get out.
And we maintain our view that cracks
will appear in the markets this summer.
There is definitely greater danger
ahead.
Stay alert.
http://albertpeia.com/90percentofamericapoorer.htm
MaY
DaY, May DaY, MaY DaY!!! Posted by: williambanzai7 - The goal of capitalism is communism....-Timothy Trotski http://albertpeia.com/commayday.htm
THe
MoDeRN MoNeY OCToPuS... Posted by: williambanzai7 Post date: 04/30/2013 - How it actually works and the end of Mr Bombhead... http://albertpeia.com/octopussies.htm
http://albertpeia.com/newbubblebigburst.htm
Welcome
Back Recession: Chicago PMI Implodes To 49, First Sub-50 Print Since September
2009 Submitted by Tyler
Durden on 04/30/2013 - TOTAL COLLAPSE. That is the
only way to explain what just happened with the Chicago PMI which imploded from
52.4, and printed at a contractionary 49: the first sub-50 headline print since
September 2009. But that's not all: Deliveries, Prices Paid and Production all
hit their lowest since 2009; Backlogs posted their tenth month of contraction
in the past 12 months. And what's worst for the Department of
Making Shit Up , Employment plunged from 551. to 48.7, its third month
over month decline. Actually another way to phrase it: complete disaster.
Obviously this number explains why S&P should have no problems crossing
1,600 today. Because for that other Department: of Propaganda and Creating money
out of thin air, this means only one thing: the Fed is preparing to print ONE KROOGOL
MORE !
The Crisis Is Imminent: “When The Real Crash Comes It
Will Be Worse Than the Great Depression” Mac Slavo | “The United
States is like the Titanic, and I’m here with the lifeboat trying to get people
to leave the ship.”
Macro
Collapse Pushes S&P 500 To New All-Time Nominal High And Close Submitted by Tyler Durden on 04/30/2013 - "Horrible" PMI, no problem; just add it to the
list of macro data that has missed significantly in recent weeks. Bloomberg's US Macro index has utterly collapse in recent weeks - now
at its worst level in 7 months but apparently if good is good, bad is better, and totally shitty is
absolutely awesome. It would appear the world of nominal equity index chasers
is now fully cognizant that the reality of their lemming like herding is based
on one simple thing (no matter how much they kick and scream and proclaim
wisdom about earnings cycles, growth, margins, transformative energy, or new
AAPL products) - and that is... Central Bank promises. If the Fed needed any
ammo for tomorrow to hint that there is a time frame longer than infinite and
that there is a size of imprudence larger than infinity, then they have it...
of course, there is, once gain, very weak volume on this uptick (but like everything
else, that doesn't matter either.)
http://albertpeia.com/unprecedentedshortages.htm
DeMiSe
OF THe GReaT CHaiRSaTaN?
http://albertpeia.com/demiseofbenchairsatan.htm
Albert
Edwards' Bleak Crystal Ball Reveals Gold Above $10,000; S&P At 450 ; And
Sub-1% Bond Yields Submitted by Tyler
Durden on 04/25/2013 - "The late Margaret Thatcher had a strong view about consensus. She
called it: “ The process of
abandoning all beliefs, principles, values, and policies in search of something
in which no one believes, but to which no one objects .” The same applies to most market forecasts. With some
rare exceptions (like our commodity analysts? recent prescient call for a slump
in the gold price), analysts don?t like to stand out from the crowd. It is
dangerous and career-challenging. In that vein, we repeat our key forecasts of the S&P Composite to
bottom around 450, accompanied by sub-1% US 10y yields and gold above $10,000 ."
http://albertpeia.com/childhungeringreeceandamerica.htm
America
The Fallen: 24 Signs That Our Once Proud Cities Are Turning Into
Poverty-Stricken Hellholes Submitted by Tyler
Durden on 04/24/2013 - What is happening to you America? Once upon a time, the United States was a place where
free enterprise thrived and the greatest cities that the world had ever seen
sprouted up from coast to coast. Good jobs were plentiful and a manufacturing boom helped fuel the
rise of the largest and most vibrant middle class in the history of the
planet. Cities such as Detroit, Chicago, Milwaukee, Cleveland,
Philadelphia and Baltimore were all teeming with economic activity and the rest
of the globe looked on our economic miracle with a mixture of wonder and
envy. But now look at us. Our once proud cities are being
transformed into poverty-stricken hellholes. We are in the midst of a long-term economic collapse that
is eating away at us like cancer , and things are going to get a lot worse than this. So if you still
live in a prosperous area of the country, don't laugh at what is happening to
others. What is
happening to them will be coming to your area soon enough. http://albertpeia.com/americanhellholes.htm
http://albertpeia.com/usno1.htm
IN
CaSe You ARe WoNDeRiNG WHaT JuST HaPPeNeD AT AP... Posted by : williambanzai7 Post date: 04/23/2013 - A Banzai7 exclusive... http://albertpeia.com/hackflashcrash.htm
Visualizing
Life In America From 1983 To Today Submitted by Tyler
Durden on 04/23/2013 - A lot has changed in 30 years - from Miami Vice and Flashdance to Hunger
Games and Taylor Swift; but away from the end of legwarmers (and rolled-up
jacket sleeves), GDP has more than tripled from $3.5 trillion as household
incomes, home prices, and employment have shifted dramatically but not
equally... http://albertpeia.com/lifeinus1983tonow.htm
http://albertpeia.com/usno1.htm
http://albertpeia.com/mournforamerica.htm
TWo
KiNDS OF TeRRoRiSTS...
http://albertpeia.com/2kindsofterrorists.htm
EVoLuTioN
oF A EURO SWiNe... http://albertpeia.com/euroswine.htm
http://albertpeia.com/17unansweredquestionsmediaafraidtoask.htm
http://albertpeia.com/globalrunonphysicalgoldsilver.htm
MeSSaGe
To Mr KRuGMaN... Posted by : williambanzai7 Post date: 04/19/2013 - From Chinese Gold Exchange... http://albertpeia.com/feddykrugerands.htm
MarketWatch Paul B. Farrell America
needs a new war Commentary: Any one of
these 10 flash points could trigger it, saving capitalism from itself. { I’m
really disappointed by this article and will no longer follow or post links to
farrell’s articles. Even if in jest, an exercise in sarcasm, or sophistry at
its worst, such position is so absolutely uncivilized and in such poor taste
and without any intellectual foundation that I must wonder how MarketWatch
hasn’t really ‘watched’. I want to know what wars farrell’s fought in, or how
many of his own children have died in same. I’m staunchly against communism which
I’ve made no secret; but if farrell’s specious reasoning was correct (it’s not,
economically and otherwise, but quite Orwellian), I honestly would then say,
‘Let capitalism die’! }
http://albertpeia.com/bankstershoardinggold.htm
Marketwatch 4 reasons you can’t trust earnings numbers Paul B. Farrell No
reason for stock optimism Commentary: You know theearnings books are cooked but your brain gets misguided
anyway. 4
strategies for the coming crash Paul B. Farrell … The market
sinks deep into its third bear of the 21st century. Wall Street loses another
$10 trillion of our retirement money… http://albertpeia.com/4strategiesforcomingcrash.htm
As Long As You Never Use It… It’s a Great Deal By
Rodney Johnson, Editor, Survive
& Prosper The
Great Disconnect Ahead of the Curve with Adam O'Dell http://survive-prosper.com http://albertpeia.com/greatdisconnectandgreatdealsnot.htm
MarketWatch A
1998 danger signal resurfaces Michael Casey
Commentary: As the yen slides, events of October 1998 should serve as a warning to
markets.
The Little Boys Who
Can’t Harry Dent http://survive-prosper.com http://albertpeia.com/littleboyswhocant.htm
BiT
BuBBLe MaDNeSS... Posted by : williambanzai7 Post date: 04/10/2013 -
Good ideas are not impervious to the madness of crowds.--WB7 http://albertpeia.com/bitbubblemadness.htm
A
LeVeL PLaYiNG FieLD... Posted by: williambanzai7 Post date: 04/10/2013 -
Tilted to the victors and... http://albertpeia.com/fraudcorruptionspoils.htm
Fed
Releases Names Of Early FOMC Minutes Recipients: Include Employees Of Goldman,
Barclays, JPM, Law And PE Firms Submitted by Tyler
Durden on 04/10/2013 - We will release the full list of named recipients once we get it, but here
is what we now for now, via BBG and CNN:
* EMPLOYEES AT GOLDMAN
SACHS, BARCLAYS, JP MORGAN, CITI, NOMURA, UBS, HSBC RECEIVED FED MINUTES EARLY
YESTERDAY *MOST OF THE BANK EMPLOYEES APPEAR TO WORK IN GOVERNMENTAL RELATIONS
(Lobbies) *ABA, SIFMA, SENATE STAFFERS RECEIVED FED MINUTES EARLY *FED NAMES 154
RECIPIENTS OF EARLY RELEASE OF FOMC MINUTES *FED MINUTES
SENT EARLY TO BANKS, LAW FIRMS, PRIVATE EQUITY *FED EARLIER
SAID RELEASE WENT MAINLY TO CONGRESS, TRADE GROUPS *NONE OF THE
PEOPLE ON THE LIST ALERTED THE FED THAT THEY RECEIVED NONPUBLIC INFO A DAY
EARLY In other words: absolutely everyone who trades risk
assets for a living.
MarketWatch
U.S. stocks rise on ‘buy-the-dip’ mentality { Yeah … riiiiight … we’ve heard
that one before, along with the Brooklyn bridge, watches, and jersey swampland
(post-Sandy) they’re selling! }
THe END oF
MF GLoBaL
- The swindling art
is in his tentacles...
http://albertpeia.com/endofmfglobal.htm
This is the Worst Trade Off – Ever By Harry S.
Dent, Jr., Editor, Survive &
Prosper http://survive-prosper.com http://albertpeia.com/worsttradeoffever.htm
Where
Do The Rich And Poor Live? - From counties with a 50%-plus poverty
rate to counties with over 20% of household incomes over $200,000, the United
States is increasingly becoming a divided union . But all the time American Idol is on, and the iPad is
still running, Aldous Huxley's vision of a 'numb' society (as opposed to an
Orwellian 1984 'imposed' utopia) seems more and more realistic. http://albertpeia.com/whererichandpoorlive.htm
http://albertpeia.com/christianslabeledextremistshategroups.htm
http://albertpeia.com/savingsconfiscation.htm
http://albertpeia.com/canuckleheads.htm
ACTa EST
FaBuLa... Posted by: williambanzai7 Post date: 03/29/2013 - Meet The Last Schtuppers...
http://albertpeia.com/schtupped.htm
‘THE MAN WHO
PREDICTED JAPAN’S LOST DECADE… THE RECESSION OF 1990-92… THE BIGGEST BULL
MARKET RUN IN U.S. HISTORY… AND MOST RECENTLY, THE 2008 CREDIT CRISIS AND STOCK
MARKET CRASH… NOW PREDICTS:
"DOW 3300!" http://albertpeia.com/dow3300.htm
Yes, today the Dow Jones Average may be
near historic highs… will drop.
Unemployment will move higher
again, to roughly 15% nationwide. It could go as high as 25%
when you include long-term unemployed in
the numbers.
Housing prices will fall an
additional 30%, despite the biggest stimulus plan in history and the
lowest mortgage rates in 40 years.
Personal bankruptcies and property
foreclosures will soar as much as 30%. Consumers are
simply saddled with too much debt — $42
trillion or $140,000 for every man, woman and
child in America — for there to be any
other outcome. Falling income will only make matters
worse.
State and municipal governments
will be forced into default, especially at the city and country
level. Their budgets are already in
crisis and the Federal Reserve is running out of money with
which to cushion these institutions.
The Federal deficit will balloon
from $1.3 trillion to as much as $3 trillion because of huge revenue
shortages.
The global credit crisis – phase
II – will continue to spread around the globe like a contagious
virus. Greece is already down. Spain
will be next.
A second banking crisis will out,
despite the lessons “learned” in 2008. Mortgage companies have
resumed offering low interest, no
principal “teaser” loans. Investment banks have begun taking unnecessary risks
again. And this time, there’ll be no money for a bailout.
ALL OF THIS WILL SEND THE DOW AND OTHER
INDEXES TUMBLING AS MUCH AS 70%. IN FACT, WE EXPECT THE DOW TO PLUNGE BACK DOWN
TO 3,300 BY LATE 2014.
Ya
CaN'T BeaT THe HouSe... Posted by : williambanzai7 Post date: 03/28/2013 -
Tell the man somebody here, you can't beat the house... http://albertpeia.com/housebeat.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/elitesraidingbankaccounts.htm
{ 30
Population Control Quotes That Show That The Elite Truly Believe That Humans
Are A Plague Upon The Earth http://albertpeia.com/humanplagueonearth.htm , http://albertpeia.com/45signsamericatinyelitemajoritypoor.htm , Corporatism:
A System Of Control Designed By The Monopoly Men Of The Global Elite http://albertpeia.com/corporatistcontrol.htm , 29
Signs That The Elite Are Transforming Society Into A Total Domination Control
Grid http://albertpeia.com/dominationcontrolgrid.htm { First and foremost
clarification: There are no elite on this planet. The grim reality for this
planet is a dominant species descended from initially notochords, primitive
chordates, and relatively more recently, primitive apes. See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of
man. } [ 12 Pictures That Demonstrate
How The New World Order Openly Mocks Us http://albertpeia.com/newworldordervedgesmockus.htm { First, let me say that the vedges of the
so-called new world order are in no real position to mock anyone, so mockable
as they indeed are, as the incompetent vegetables that they in fact are, who
have been the very architects of ultimately their own and the planet’s decline,
fall, and demise. Yet, there is no question but that the ‘masses’ so mocked,
deserve to be mocked, having embraced their dismal fate at every turn; viz.,
their embrace of ‘political correctness’, though contraindicated, as, ie., the
embrace of the violent, destructive nigger who literally would have them for
dinner, or the compulsion to embrace that which the state says is right, though
contraindicated, for political expedience owing to failure fed (including the
incompetent missteps of the failed fed) desperation, ie., gay marriage, etc.,
contrived wars / conflicts, among other clearly observable, self-interested
behavior of people, companies, nations, including the gargantuan bailed out
frauds on wall street to everyone’s (but the frauds’) detriment, still
unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has
not been held to even one of his former now broken campaign promises and is
embraced by those foolish enough to believe more of the same is testament to
how deserving of mocking the masses truly are (people should be outraged and
wobama should be ‘ridden out on a rail’). Make no mistake; the reality is that
the ‘new world order’/so-called ‘elite’ are not elite at all; but rather,
incompetent vegetables who can’t do anything right as they’ve now proven time
and time again. As I previously said: The Elite Believe That You Are
Ruining Their Planet And They Want You To Stop Reproducing http://albertpeia.com/planetalreadyruined.htm ]
The Population Control Agenda
Of The Radical Humanists Who Would Love For You And I To Die http://albertpeia.com/allfornaught.htm [ And such would be all for naught, in any
event. CNN: Your
Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within
75 years. { 75 years? This world
ain’t got 75 years … decades at best! For those
‘glass-half-full-reality-be-damned’ types, the bright side is that there will
still be that desolate ‘third rock from the sun’; which, like ‘old man river’,
will just keep rollin’ along (around the sun). } ]
A
DRaGHi IN THe HeaDLiGHTS... Posted by : williambanzai7 Post date: 03/23/2013 -
WARNING: BANZAI7 SUNDAY AM FOOD AND BEVERAGE WARNING IN EFFECT... http://albertpeia.com/dragoonsintheheadlights.htm
http://albertpeia.com/warninggetmoneyoutofbanks.htm
http://endoftheamericandream.com
http://albertpeia.com/60outrageouswaysgovwastesmoney.htm
Krugman's
"Smoot-Hawley Moment" Posted by : Bruce Krasting Post date: 03/25/2013 - This is what the world's "smartest" economist is
calling for. http://albertpeia.com/krastingalloverkrugman.htm
BLaCKSWaN
DiJSSeLBooM! Posted by: williambanzai7 Post date: 03/25/2013 - Who said the circus left town? http://albertpeia.com/blackswan.htm
5
things you can't resell Marketwatch: Despite
Supreme Court ruling upholding resales, some items cause trouble. ‘A U.S.
Supreme Court ruling earlier this week was a big win for consumers who value
the right to resell products they have purchased — even if they bought them
abroad. In the case in question, publisher John Wiley & Sons accused a former
college student of infringing on its copyright when he bought less-expensive
Asian versions of the publisher’s textbooks and then resold them to U.S.
students on eBay. (The books, it said, were meant to be sold only in certain
regions.) The court held that the so-called “first sale” doctrine — which
allows that once a company sells a copyrighted product, the purchaser has the
right to later resell
it — applies even if the product was produced outside the
U.S. But it’s not a universal right. There are some notable exceptions of items
that, once bought, aren’t so easy to unload.’ — Kelli B. Grant
FiNaNCe
IS THe CoNTiNUaTION OF WaR... Posted by : williambanzai7 Post date: 03/22/2013 - By other means. http://albertpeia.com/financewar.htm
{ I no longer will be following Phoenix
Capital Resources … too much advertising … too much propaganda … too little
meaningfully relevant substance (america et al’s problems are huge). After all,
with all china’s faults, not the least of which is communism (I’m definitely
not their advocate), one must realistically ask, ‘what nation(s), based on lies
and for the sake of military industrial complex profits (as warned against by
the great but underrated President General Eisenhower) has been engaged in
Orwellian perpetual war despite defacto bankruptcy and pervasive corruption’?
Not China… Eureka! Amerika et als! Inflation Calls BS on the
China “Miracle” http://albertpeia.com/inflationinchina.htm { For the first time I’m constrained to
label a piece by Mr. Summers wishful thinking and a u.s. government propaganda
piece at best. While aptly pointing out chinese corruption and fraud as is
particularly pervasive in america, he conveniently ignores the success of their
primitive, basic, simplistic capitalist business model of low costs (primarily
labor, materials, etc.) fueled particularly ab initio by american greed. Go to
any store and pick up nearly any product and the likelihood of ‘made in china’
is upwards of 95% (then as well, as with apple, taking into account
components). Clearly, Mr. Summers lacks depth of understanding/knowledge
concerning costs of tooling, retooling, and manufacturing generally, as well as
cost accounting among other business/finance disciplines. As regards their
nominal communist system, I remain staunchly opposed to the invariable lie of
communism, although the meaningfully lawless (‘too big to fail or jail’) and
corrupt, oligarchical crony faux capitalist welfare dependent failing (and ever
more socialist) system in america is hardly a laudable alternative. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm . The point is, america’s substantial
problems are not the result of Chinese corruption; but rather, plain old
american pervasive corruption and criminality. }
Marketwatch No
stock in Social Security Henry Hebeler There are too
many risks to start sinking any part of the Social Security fund into equities.
{ The desperate wall street/government frauds are at it again, sensing the
debacle around the corner. And, just as we’d thought we’d heard the last of
this preposterously fraudulent idea from war criminal and (fellow, with wobama)
failed president dumbya bush. }
Don't
jump into stocks Howard Gold Commentary: Now is not the
time to get into equities
http://albertpeia.com/masscollapseincypress.htm
HoT
CuTs FoR HoT MoNeY... Posted by: williambanzai7 Post date: 03/21/2013 -
Official Haircuts for Depositors. http://albertpeia.com/hotcutshotmoney.htm
http://albertpeia.com/worldeconomydoomed.htm
{ And, truth be
told, with just decades left at best, not just the economy! }
Guest
Post: How I Became A Trillionaire (And Some Thoughts On Inflation) Submitted by Tyler Durden on 03/20/2013 - These photos
illustrate the fundamentally arbitrary nature of fiat (paper) money . Why do we
prefer the $100 greenback over the $100 trillion note issued by the Reserve
Bank of Zimbabwe? The purchasing power of the Benjamin far exceeds the
purchasing power of the $100 trillion bill. But the Benjamin is not immune to
inflation; the dollar has lost about 95% of its 1900 purchasing power . If 95%
of households are experiencing a loss of purchasing power and most of the new
money and credit are flowing to the top 5%, you get asset bubbles, not
demand-driven inflation. When 95% of the households are poorer in terms of
purchasing power and financial wealth, where can demand-driven inflation arise
in a global economy of massive manufacturing and labor over-capacity? The rise
in costs within industries controlled by cartels (healthcare, higher education,
defense, etc.) may look like demand-driven inflation, but are actually
transfers of wealth and purchasing power from households to the
government-protected cartels .
La
CaGe AuX FooLS... Posted by : williambanzai7 Post date: 03/20/2013 - Meet the Troika Follies!
http://albertpeia.com/lacageauxfools.htm
Chief
Actuary for SS - Raid the Retirement Fund! Posted by: Bruce Krasting Post date: 03/20/2013 - Lightening does not strike twice in the same place very
often, especially in Washington.
http://albertpeia.com/governmentraidofssretirementfund.htm
Why
You Should Be Terrified Of What Just Happened in Cyprus Posted by: Phoenix Capital... Post date: 03/20/2013 - The simple fact remains that politicians proposed
stealing savings deposits from the people in order to fund a bank bailout. You
can dress this idea up however you like, calling it a... http://albertpeia.com/terrorofterroristthieves.htm
It’s
Time to Collapse the System Posted by : Gordon_Gekko Post date: 03/20/2013 - If you don’t collapse the system, the system will collapse
you.
CIA
and FBI Counter-Terrorism Officials: Cheney Lied About 9/11 Hijacker Posted by: George Washington Post date: 03/20/2013 - Cheney Caught In Another Major Lie ‘Preface: Obama
is worse . Everyone knew that Iraq did not possess weapons of
mass destruction (update here ). Dick Cheney admits that he lied about 9/11 ….. Postscript:
Indeed the entire
torture program was implemented in an attempt to justify the Iraq
war. And the 9/11 Commission was set up with
false torture testimony. More background on the Iraq war.
http://albertpeia.com/bankingmeltdown.htm
http://albertpeia.com/bankingsystemcollapse.htm
INVeRTeD
EuRo MaRXiSM... Posted by : williambanzai7 Post date: 03/19/2013 - A
fiat accompli!
http://albertpeia.com/invertedeuromarxism.htm
BiG
PiCTuRe: THe CYPRuS EFFeCT... Posted by : williambanzai7 Post date: 03/18/2013 -
So, adding it all up so far, who has gotten the immediate benefit of this
Cyprus fiasco?
http://albertpeia.com/bigpiccypruseffect.htm
http://albertpeia.com/noaccountfundportfoliosafe.htm
http://albertpeia.com/bankstersstealingagain.htm
http://albertpeia.com/bankrunsandsystemicfailure.htm
Marketwatch Jeff Reeves 10
signs of a tumble http://albertpeia.com/stockstotumble.htm Commentary: These negative headlines and data
point to the end for stock rally. Buckle
up for a bumpy stock-market ride
http://albertpeia.com/biggestlieevertoldandsold.htm
In Re INa
DReW... Posted by: williambanzai7 Post date: 03/15/2013 -It's all Bull S*** folks and its bad for ya!--George Carlin
http://albertpeia.com/jailjamiecorzine.htm
An Orwellian
America Submitted by Tyler
Durden on 03/15/2013 - The state, crippled by
massive deficits, endless war and corporate malfeasance, is clearly sliding
toward unavoidable bankruptcy. It is time for Big Brother to take over from Huxley’s feelies, the
orgy-porgy and the centrifugal bumble-puppy. We are transitioning from a society where we are skillfully
manipulated by lies and illusions to one where we are overtly controlled. We are one crisis away from a police state. All the
powers are in place. Someone will flip the switch. Whether a Cyber Attack,
escalating Currency War tensions or a 'terrorist' attack by indebted college
youth, it is only a matter of time and circumstance... We are one crisis away from a police state. All the
powers are in place. Someone will flip the switch. Whether a Cyber Attack,
escalating Currency War tensions or a 'terrorist' attack by indebted college
youth, it is only a matter of time and circumstance.
http://albertpeia.com/euusdepression.htm
http://albertpeia.com/chinaswarningbell.htm
http://albertpeia.com/fedreservemassivewealthredistributionscheme.htm
ALL
HaiL THe QUaNTiTaTiVe EaSeRs...AND BeWaRe THe IDeS oF FARCE... Posted by : williambanzai7 Post date: 03/14/2013 - A MESSAGE FROM THE BANZAI7 EMERGENCY FARCECAST SYSTEM... http://albertpeia.com/bewaretheidesoffarce.htm
http://albertpeia.com/usleaderscluelessoneconomy.htm
http://albertpeia.com/2warningsandpullingplugoneuro.htm
http://albertpeia.com/mainstreammediasunemploymentlies.htm
http://albertpeia.com/imprisonamerica.htm
http://albertpeia.com/11thingsosdopromoteillegalimmigration.htm
From:
"Adam Green, BoldProgressives.org" <[email protected] >[email protected] > Albert...making
sure you saw this. Watch Elizabeth Warren grill the bank regulators -- and join
her in demanding that Wall Street be held accountable! -- Adam
Foodstamp
Recipients Hit Record, Alongside Record Dow Jones And Record Debt: 20% Of
Eligible Americans On EBT Submitted by Tyler
Durden on 03/11/2013 - Record Dow Jones, record US debt ($16,701,846,937,879.74),
and now, once more, record number of Americans on foodstamps. According to the
USDA, an all time high of 47,791,966 Americans closed 2012 in possession of the
highly desired Electronic Benefits Transfer ( EBT ) card, managed by who else but JPMorgan . And with a
civilian non-institutional population of 244.4 million in December, this means
that a record 19.56% of eligible Americans are on Foodstamps .
As a matter of candor, the following
will be among my posts this day:
http://theeconomiccollapseblog.com
http://albertpeia.com/imprisonamerica.htm
‘How would you describe an industry that
wants to put more Americans in prison and keep them there longer so that it can
make more money? { How ‘bout putting them, ie., wall street frauds,
mobsters, ie., trumps et als, among
many others in prison because they belong there! } In America
today, approximately 130,000 people are locked up in private prisons that are
being run by for-profit companies, and that number is growing very
rapidly. Overall, the U.S. has approximately 25 percent of the entire
global prison population even though it only has 5 percent of the total global
population. The United States has the highest incarceration rate on the
entire globe by far, and no nation in the history of the world has ever locked
up more of its own citizens than we have. Are we really such a cesspool
of filth and decay that we need to lock up so many of our own people? { Short answer,
YES! } Or are there some other factors
at work? { That too! } Could part of the problem be that we
have allowed companies to lock up men and women in cages for profit? The
two largest private prison companies combined to bring in close to
$3,000,000,000 in revenue in 2010, and the largest private prison companies
have spent tens of millions of dollars on lobbying and campaign contributions
over the past decade. Putting Americans behind bars has become very big
business, and those companies have been given a perverse incentive to push for
even more Americans to be locked up. It is a system that is absolutely
teeming with corruption, and it is going to get a lot worse unless someone does
something about it { There is no question but that america is pervasively
corrupt, and the vast majority inherently criminal! Eric
Holder: Some Banks Are So Large That It Is Difficult For Us To Prosecute Them Submitted by Tyler Durden on 03/06/2013 - { Come on! That’s ridiculous and a
bald-faced cowardly lie! First, you prosecute the individuals, not necessarily
the employing corporation. Sure, there may be derivative liability (pun
intended); but, that’s surely no reason not to prosecute. After all, there is a
whole history of prosecution of such ‘combines’ of criminality, to america’s
growth and betterment as a consequence thereof. Quite simply, it’s the familiar
and now pervasive story of plain old american corruption. I mean, come on …
from my own direct observation and experience, trump, a corrupt judge here and
there, have no such dire, humongous impact on the economy. Rather, it’s the
precise opposite that is true; not only from the confidence and salutary
expectations created from prosecutions of such ilk; but as well, from the
proper allocations of resources created by such prosecutions (crime should
never pay, but in america it now does and well at that; and just look at the
results in america’s significant decline! That’s just typical, self-serving,
lazy jivetalking b***s***!) … Bill Gross
Gets It { Gets what? Why
is this surprising? With $4 trillion gone missing (still) at the ny fed,
americans should not trust the ny fed. Germany’s move is totally rational (A
MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN... http://albertpeia.com/germangoldgone.htm ). How can anyone trust fraudulent, thieving
americans with their money or gold, particularly in the fraud capital of the
world, new york city Michael
Savage: Don't trust feds on flu shot... etc., despite america’s
defacto bankruptcy and the unaffordability of same), despite their unequivocal
incompetence and venality. In fact, stepping back, I have seen first hand those
siding with/benefiting from (and the encouraging of more crime), ie., RICO
defendants et als, actually rewarded by the pervasively corrupt/defacto
bankrupt american system (ie., trumps, alito, fed slugees, etc., essentially a
combination of and tantamount to what is essentially hush money, bribes, etc.).
Pervasively corrupt, defacto bankrupt america is a failed meaningfully lawless
nation of marauders/thieves that no longer even remotely resembles what it
purports to be and arguably once was. Replaying
Chris Christie's Epic Anti-Boehner Meltdown ZH { The bigger, fatter, more rotund question
everyone’s asking is, will they ever be able to put humpty dumpty back together
again? The newyork/jersey/conn tristate national drains (huge wall street
frauds, organized crime, and all etc.) feel slighted; yet, how can you miss
him? I’ve been waiting far longer for resolution to the corrupted process
regarding funds due and owing to me from primarily the corrupt tristate region,
the beltway’s no.virginia, and banana republic extraordinaire (the entire
nation’s become one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm } While it is widely assumed
that the too-big-to-fail banks in the US (and elsewhere) are beyond the
criminal justice system - based on simple
empirical fact - when the Attorney General of the United States openly
admits to the fact that he is "concerned that the size of
some of these institutions becomes so large that it does become difficult for
us to prosecute them," since, "it will have a negative impact
on the national economy, perhaps even the world economy ," one has
to stare open-mouthed at the state of our union. It appears, just as the
proletariat assumed, that too-big-to-fail banks are indeed
too-big-to-jail. The
Government Has It Bass-Ackwards: Failing To Prosecute Criminal Fraud by the Big
Banks Is Killing – NOT Saving – the Economy Posted by : George Washington Post date: 03/06/2013 - Failure to Prosecute Fraud Causes Economic
Downturns Chief Justice John Roberts
Bowed To Political Pressure And Changed His Vote On Obamacare http://albertpeia.com/nolegalsystem.htm { The unfortunate reality is what I’ve
alluded to in the context of my own direct experience; viz., america’s ‘legal
system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws
to apply pressure, etc., and essentially run by the inmates of this collective
criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm } … Bloomberg
To Appeal Halt Of "Arbitrary And Capricious" Decision, Will Fight
Valiantly To Curb New York Obesity Submitted by Tyler
Durden on 03/11/2013 { You’d think
with all the nation-draining crime and fraud in new york, ie., on wall street,
mob/mobsters/mafia, trump et als, etc., dumbloomdoomberg would have many more
important things to do beyond capriciously, arbitrarily micromanaging people’s
soda intake, etc.. Such ineffectual incompetents use such to obfuscate and
divert attention from their blatant failure… what next? 1 slice of pastrami instead
of 3, 4 inch nathan’s hot dogs, 6 inch diameter pizzas, etc.? Ridiculous! }
The
Last Laugh: Illinois Pension System Charged For Not Disclosing "Structural
Underfunding" Submitted by Tyler Durden on 03/11/2013 - The topic of Illinois' various insolvent pension systems
is not news to regular Zero Hedge readers. One needs but to recall our articles
from mid/late 2010: " 61%
Underfunded Illinois Teachers Pension Fund Goes For Broke, Becomes Next
AIG-In-Waiting By Selling Billions In CDS ", " Illinois'
Pension Fund Death Spiral Revisited: "10 Years Of Money Left " or " Illinois
Teachers' Retirement System Enters The Death Spiral: AIG Wannabe's Go-For-Broke
Strategy Fails As Pension Fund Begins Liquidations " in which we clearly explained how the state's
teachers pension fund was systematically doing everything in its power to mask
its massive underfunding, and the fact that it was rapidly running out of money.
The retiremnet fund, in turn, took things very personally, prompting Dave
Urbanek, Public Information Officer at the Teachers’ Retirement System of the
State of Illinois (TRS), to write an impassioned response to Zero Hedge denying
all allegations. Today, over two years after the above news, the SEC finally
concluded their analysis of one
part of the massively underfunded Illinois Pension system and found the
Illinois failed to inform investors about the impact of problems with its
pension funding schedule as the state offered and sold more than $2.2 billion
worth of municipal bonds from 2005 to early 2009. The SEC also said Illinois failed to disclose that it
had underfunded the state's pension obligations, increasing the risk to its
overall financial condition.
http://albertpeia.com/stockshighsfromcurrencyprintingbutwearepoorerandcrashcoming.htm
http://albertpeia.com/10questionsshouldyouescapefromamerica.htm
Are
Stocks Cheap? Submitted by Tyler Durden on 03/07/2013 Each and every
day, we are bombarded by a never-ending series of asset-gatherers whose sole
aim in life is to convince investors to put more money to work. Whether it is
because 'we are climbing a wall of worry', whether 'long-term' equity investors
always do well, whether the 'cash on the sidelines' is coming out (note -
remember there is a seller for every buyer and a buyer for every seller); the
most frequently proposed reason for buying stocks is 'because they are cheap'.
No matter where they are trading - high or low - they are cheap. Well, in an
attempt to suggest otherwise - or at least provide fact rather than accepted
wisdom, the following two charts from Morgan Stanley's Adam Parker provide the
reality that, in fact, stocks are not cheap - and given
where rates are, they are in fact expensive. Empirical fact
not fiction.
Marketwatch Paul B.
Farrell Your
sequestered brain ‘The next crash is coming but few see
it. Here's why you're hard-wired to repeat your mistakes.’ http://albertpeia.com/nextcrashcomingfewsee.htm (MarketWatch) — ‘Warning: Forget
the cuts, your brain is sequestered. That’s the real problem: Your brain. That’s
why the economy and markets will crash, a new Dow high notwithstanding. Why
it’s inevitable. Bigger crash than 2008. Longer afterwards. No bank bailouts.
Austerity worse than the Great Depression. Hunker down. …’
Submitted by Tyler
Durden on 03/06/2013
Eric
Holder: Some Banks Are So Large That It Is Difficult For Us To Prosecute Them Submitted by Tyler Durden on 03/06/2013 - { Come on! That’s ridiculous and a
bald-faced cowardly lie! First, you prosecute the individuals, not necessarily
the employing corporation. Sure, there may be derivative liability (pun
intended); but, that’s surely no reason not to prosecute. After all, there is a
whole history of prosecution of such ‘combines’ of criminality, to america’s
growth and betterment as a consequence thereof. Quite simply, it’s the familiar
and now pervasive story of plain old american corruption. I mean, come on …
from my own direct observation and experience, trump, a corrupt judge here and
there, have no such dire, humongous impact on the economy. Rather, it’s the
precise opposite that is true; not only from the confidence and salutary
expectations created from prosecutions of such ilk; but as well, from the
proper allocations of resources created by such prosecutions (crime should
never pay, but in america it now does and well at that; and just look at the
results in america’s significant decline! That’s just typical, self-serving,
lazy jivetalking b***s***!) … Bill
Gross Gets It { Gets what? Why is this surprising? With $4
trillion gone missing (still) at the ny fed, americans should not trust the ny
fed. Germany’s move is totally rational
(A
MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN... http://albertpeia.com/germangoldgone.htm ). How can
anyone trust fraudulent, thieving americans with their money or gold,
particularly in the fraud capital of the world, new york city Michael Savage: Don't trust
feds on flu shot... etc., despite america’s defacto
bankruptcy and the unaffordability of same), despite their unequivocal
incompetence and venality. In fact, stepping back, I have seen first hand those
siding with/benefiting from (and the encouraging of more crime), ie., RICO
defendants et als, actually rewarded by the pervasively corrupt/defacto
bankrupt american system (ie., trumps, alito, fed slugees, etc., essentially a
combination of and tantamount to what is essentially hush money, bribes, etc.).
Pervasively corrupt, defacto bankrupt america is a failed meaningfully lawless
nation of marauders/thieves that no longer even remotely resembles what it
purports to be and arguably once was. Replaying
Chris Christie's Epic Anti-Boehner Meltdown ZH { The bigger, fatter, more rotund question everyone’s
asking is, will they ever be able to put humpty dumpty back together again? The
newyork/jersey/conn tristate national drains (huge wall street frauds,
organized crime, and all etc.) feel slighted; yet, how can you miss him? I’ve
been waiting far longer for resolution to the corrupted process regarding funds
due and owing to me from primarily the corrupt tristate region, the beltway’s
no.virginia, and banana republic extraordinaire (the entire nation’s become
one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm } While it is widely assumed that the
too-big-to-fail banks in the US (and elsewhere) are beyond the criminal justice
system - based on simple empirical
fact - when the Attorney
General of the United States openly admits to the fact that he is "concerned that the size of some of these
institutions becomes so large that it does become difficult for us to prosecute
them," since,
"it will have a negative impact
on the national economy, perhaps even the world economy ," one has to stare open-mouthed at the state of our
union. It appears, just as the proletariat assumed, that too-big-to-fail banks
are indeed too-big-to-jail. The
Government Has It Bass-Ackwards: Failing To Prosecute Criminal Fraud by the Big
Banks Is Killing – NOT Saving – the Economy Posted by : George Washington Post date: 03/06/2013 - Failure to Prosecute Fraud Causes Economic
Downturns
http://albertpeia.com/corporatistcontrol.htm
From: "Adam Green, BoldProgressives.org " < [email protected] > [email protected] >
PS. If you haven't already, sign on to the
Grayson-Takano letter against cuts to Social Security, Medicare, or Medicaid
benefits. Click here to become a citizen signer. Signed as
follows:
They should prosecute the huge wall street frauds in the
trillions (as promised but unfulfilled), still extant and now marked to
anything as per misguided legislated FASB Rule change, seek disgorgement,
fines, and jail time for the perps. Social Security Disability fraud is rampant
and should be eliminated. The QE welfare for wall street is bad policy and is
resulting in higher than reported inflation with the fiat currency
printing/creation/debasement and is following a zimbabwe economic model which
led to hyperinflation/disaster but as here, higher manipulated stock prices
which is the contraindicated reason for such bad policy.
Drudgereport: Bull
Market Turns 4, Traders Thank Bernanke... Americans
Raiding 401(k)s To Pay Bills At Alarming Rate...
Submitted by Tyler
Durden on 03/05/2013
"Mission Accomplished" - With CNBC now
lost for countdown-able targets (though 20,000 is so close), we leave it to
none other than Jim Cramer, quoting Stanley Druckenmiller, to sum up where
we stand (oh and the following list of remarkable then-and-now macro, micro, and
market variables), namely that "we all know it's going to end badly,
but in the meantime we can make some money" - ZH
translation: "just make sure to sell ahead of everyone else", just
like everyone sold ahead of everyone else on October 11th 2007, the last time
stocks were here...
GDP Growth: Then +2.5%;
Now +1.6%
Regular Gas
Price: Then $2.75; Now $3.73
Americans
Unemployed (in Labor Force): Then 6.7 million; Now 13.2 million
Americans On
Food Stamps: Then 26.9 million; Now 47.69 million
Size of Fed's Balance
Sheet: Then $0.89 trillion; Now $3.01 trillion
US Debt as a
Percentage of GDP: Then ~38%; Now 74.2%
US Deficit
(LTM): Then $97 billion; Now $975.6 billion
Total US Debt
Oustanding: Then $9.008 trillion; Now $16.43 trillion
http://albertpeia.com/bigbubbleburst.htm
http://albertpeia.com/30factsonwatercrisis.htm
Submitted by Tyler
Durden on 03/05/2013
Throughout history, bankrupt
governments in decline almost ALWAYS fall back on a time-tested playbook. This includes
imposing controls on everything - wage and price controls, trade controls,
capital controls, border controls, people controls. Everything. And this idea
goes back to the dawn of human civilization. From Mesopotamia to Rome and from
France to Argentina, these policies have been a complete disaster for the
country. But as the rest of the world looks on, people in ‘rich’ countries
foolishly believe that ‘it can’t happen here.’ So, again, if you think that
gold criminalization, price controls, and IRA/pension confiscation could never
happen where you live, think again. This is wishful, ignorant,
dangerous thinking. It can happen. It is already happening.
Submitted by Tyler
Durden on 03/05/2013
We could tell you all about the fact
that high-yield credit did not play along with this rally today (and that the
underlying cash market for corporate bonds has been weak for well over a week
now); we could note that VIX did not take part in this surge today as the stops
were run; we could point to the total lack of volume (NYSE or futures)
confirming the move; we could highlight the fact that Treasury yields rose a de
minimus 1.5bps on the day and while the USD slipped modestly on the day, it is
only down 0.22% on the week and that Gold, Silver, and Oil are all unchanged on
the week. But - all that matters, in this headline-driven
algo-aided market is - The Dow hit all time highs - 'Mission
Accomplished' Mr. Bernanke, well played - record stocks, record debt,
record food stamps recipients.
Submitted by Tyler
Durden on 03/05/2013 - Presented with no comment... http://albertpeia.com/nicebubblechart.gif
Marketwatch: Why your portfolio can’t perform
{ All bad news and these ever more worthless
commissioned-paper (actually not even) shares at lightning computerized speed
are rallying … just like zimbawee … and just like zimbabwee, they’re all a
bunch of niggers on wall street (their QE welfare everyone’s paying for
included) … no wonder this country’s done/in protracted decline! This is an all
too familiar scam that as before, everyone is and will be paying for. How does
it feel to be dumb! [Parenthetically, just this moment, an ‘equities expert’
(on one of those syndicated business programs, NBR-just bought out by cnbc
which means they just got a lot dumber and I had to turn it off and will never
watch NBR again…nbc is a horrible propaganda network (finishing deservingly
last among the so-called ‘majors’), mobsters like trump on that ‘apprentice
thing’ with toothy nutcases like gary busey, etc.. ‘No credibility whatsoever
and a total joke!) said house prices (as well as the ‘paper shares’, gas, oil,
food staples, meat, etc.) are rising (duh! … contraindicated implication-‘happy
days are here again’)… riiiiight … just like zimbabwee! How pathetic! ] Goldman
'Explains' The 'Market': "Best Not To Look A Gift-Horse In The Mouth" ZH {
Riiiiight! Sounds like a plan! The ‘gift-horse’ that’s … not a gift-horse at
all … You’re paying through your nose and teeth. It was amusing to see
mainstream media puzzling over the record high gas prices so early in this time
of year, and as well, the coming jump in beef prices. There’s no mystery here!
This is the natural and inevitable concomitant to ‘printing presses gone wild’.
Not printing presses for product for intellectual consumption; but rather,
printing presses (whether by print or computer ledger entry) for those ever
more worthless paper fiat dollars backed by nothing but insurmountable debt of
a defacto bankrupt nation. Remember: There’s no free lunch … fraudulent wall
street’s predictable/intended gain (from QE, currency debasement, etc.) is your
substantial pain! It’s the zimbabwee financial model gone american … , Kyle
Bass Tells 'Nominal' Stock Market Cheerleaders: Remember Zimbabwe Submitted by Tyler Durden } “ Amid the
euphoria of today's crossing of the Dow's Maginot Line at 14,000, Kyle Bass
provided a few minutes of sanity this morning in an interview with CNBC's Gary
Kaminsky. Bass starts by reflecting on the ongoing (and escalating)
money-printing ( or
balance sheet expansion as we noted here ) as the driver of stock movements
currently and would not be surprised to see them move higher still (given the
ongoing printing expected). However, he caveats that nominally bullish
statement with a critical point, "Zimbabwe's
stock market was the best performer this decade - but your entire portfolio now
buys you 3 eggs" as purchasing power is crushed.
Investors, he says, are "too focused on nominal prices" as the rate
of growth of the monetary base is destroying true wealth. Bass is convinced
that cost-push inflation is coming (as the velocity of money will move once
psychology shifts) and investors
must not take their eye off the insidious nature of underlying inflation - no matter
what we are told by the government (as they will always lie when its
critical)…” , Post-Hyperinflationary
Zimbabwe Welcomes The Holidays With 80% Unemployment, Empty ATMs And Paralyzed
Transport { Just another typical
nigger! Speaking of niggers, if wobama is given the opportunity as he has thus
far, he’ll tread the same path as fellow nigger mugabe. } … Zimbabweans are
facing bleak holidays this year amid rising poverty, food and cash shortages
and political uncertainty, with some describing it as the worst since the
formation of the coalition government in the southern African nation.... Banks have closed,
ATMs have run out of cash and transport services have been paralyzed." It
gets worse: "Zimbabwe's unemployment is pegged at around 80 percent with
many people in Harare, the capital, eking out a living by selling vegetables
and fruits on street corners." And all of this is
after the massive economic imbalances in Zimbabwe's economy should have been
"fixed" (or so conventional economic theory would have one believe)
courtesy of hyperinflation, which left any savers in tatters, destroyed the
value of the old currency, benefited solely debtors but also allowed a
fresh start to a government, which could only remain in power due to a violent
power grab by the democratically elected-turned-dictator Robert Mugabe. }
http://albertpeia.com/12thingsnextwavecollapsehere.htm
http://albertpeia.com/inflationcoveredup.htm
http://albertpeia.com/giantsinkholes.htm
http://albertpeia.com/managinghyperinflationarybubbles.htm
Drudgereport: 'I
AM NOT A DICTATOR' [ That’s
what they all say … next thing he’ll be saying for Bob Woodward’s consumption is
‘I’m not a crook’ … Riiiiight, O! You just act like one! The
reality is that at some point the coverup for this failed president by adopting
failed policies to obscure/hide his failed presidency must end. The reality is
that this guy just can’t ‘cut the mustard’.
The reality is that this guy, O, is total bull s**t and an unmitigated
failure by any criteria by which you can measure a presidency (including his
own as set forth in his last campaign…you know, that deficit thing that he was
going to cut by half by the end of his first term but instead increased more
than all the presidents combined! Then there were all those prosecutions to
come of the huge wall street frauds, still extant by way of legislated FASB
Rule change and now marked to anything, that never happened in fact.) (REPORT:
Obama's golf weekend with Tiger cost as much as 341 furloughed federal
workers... ) Krauthammer:
Obama Only Left Out "Pestilence, Earthquake, Brimstone And Plague" In
Sequester Warning CHARLES KRAUTHAMMER: Well, they
know that they really overshot it. It was the … { Yeah … I mean, how quickly wobama changes tune and message …
the message being ultimately, true to form and his history … obama’s full of
s**t! Then again, we can all blame it on that fickle teleprompter! }
Submitted by Tyler
Durden on 03/01/2013 - http://albertpeia.com/debtincreasefeb.jpg
CONSUMER SPENDING DROUGHT: 16 SIGNS THAT THE MIDDLE CLASS IS RUNNING OUT
OF MONEY http://albertpeia.com/16signsmidclassoutofmoney.htm
You
Rarely Know You're In A Recession Until It's Too Late
Girls
Gone Filed http://albertpeia.com/girlsgonewild.jpg
ALL OF THIS WHINING AND CRYING ABOUT THE SEQUESTER SHOWS
WHY AMERICA IS DOOMED
http://albertpeia.com/americadoomed.htm
Submitted by Tyler
Durden on 02/27/2013 http://albertpeia.com/americarunbyidiots.htm
‘ H. L. Mencken correctly observed: "Government
is actually the worst failure of civilized man. There has never been a really
good one, and even those that are most tolerable are arbitrary, cruel, grasping
and unintelligent." The following 14 rhetorical questions should provide
food for thought as they suggest... "you might live in a country
founded by geniuses but run by idiots."
WILL ITALY BE THE SPARK THAT SETS OFF FINANCIAL ARMAGEDDON IN EUROPE? http://albertpeia.com/financialarmageddoneurope.htm
http://albertpeia.com/3strikesyoureout.htm
Value,
Business Model, and Insider Selling http://www.wealthdaily.com
Three Stocks to Sell Now F EB 26 - CHRISTIAN A. DEHAEMER While
new money is flowing into the stock market, insiders are getting out. Christian
DeHaemer shares three secrets to knowing what to sell.
http://albertpeia.com/fedsetsupcrash2013.htm
The
Sequestration Debate Misses the REAL Issue Posted by : George Washington Post date: 02/25/2013 - Waste and Fraud Are the Real Causes of the Deficit
http://albertpeia.com/50signsushealthcaresytemcollapse.htm
http://albertpeia.com/banksshownomercy.htm
Oscar winners in photos
Marketwatch { Say what you want about Kentucky; but, some band’s got to
come up with the song, ‘Kentucky (not
California) Girls’. Whew! Ridley Scott had a great find in Sean Young (‘Blade
Runner’). But Jennifer Lawrence? Wow! What a spectacular, total babe! And, she
can shoot a bow and arrow too (I think). Parenthetically, while there are many
aspects of a actor’s performance/demeanor/actions on and off the set that
constitute worthy scrutiny, falling on the way to pick up an oscar for best
actress at age 22 is definitely not one of them. Totally meaningless and
appropriately forgettable. If she was wearing running shoes and short shorts,
that never would have happened. After all, when really will she wear such garb,
albeit exquisite on her, again?…Next Academy Awards Oscar Ceremony to pick up
another, and another, etc., of course. Yet, one can hardly say ‘practice makes
perfect’ when referencing such an exotic creature as she. }
http://albertpeia.com/depositorsavingstozero.htm
Moody's cuts U.K. AAA rating by one notch Marketwatch
Dot-com
bubble lessons Marketwatch The 13th anniversary of bursting of Internet
bubble to be marked alongside the bull market's fourth birthday.
http://albertpeia.com/dogseatheirownfeces.htm
{ Not widey publicized is the fact that dogs eat their
own feces. I shockingly saw this first hand of a pedigreed german shepard
before learning the fact that such is a dog trait. Cats certainly do not (eat
their own feces)! No wonder dogs are considered in america to be ‘man’s best
friend’. Yuck! }
http://albertpeia.com/globalid.htm
http://albertpeia.com/20signsuseconomyinbigtrouble.htm
http://albertpeia.com/spainswarningofsystemcollapse.htm
How
Corrupt is Goldman Sachs? { Short answer … VERY! } Goldman
Clients Get the Shaft... AGAIN http://www.wealthdaily.com FEB
20 - BRITON RYLE The latest example of Goldman's
profit-mongering deceit is so blatant, so downright perverse, it's almost
comical. Almost. Analyst Briton Ryle explains... { Prosecution, disgorgement,
and jail is where they belong! } Read
More... {
Their ‘Don’t look a gift-horse in the mouth’ (self-serving) advice really takes
the cake! … Goldman
'Explains' The 'Market': "Best Not To Look A Gift-Horse In The Mouth"
ZH { Riiiiight! Sounds like a plan! The ‘gift-horse’ that’s … not a gift-horse
at all … You’re paying through your nose and teeth. It was amusing to see
mainstream media puzzling over the record high gas prices so early in this time
of year, and as well, the coming jump in beef prices. There’s no mystery here!
This is the natural and inevitable concomitant to ‘printing presses gone wild’.
Not printing presses for product for intellectual consumption; but rather,
printing presses (whether by print or computer ledger entry) for those ever
more worthless paper fiat dollars backed by nothing but insurmountable debt of
a defacto bankrupt nation. Remember: There’s no free lunch … fraudulent wall
street’s predictable/intended gain (from QE, currency debasement, etc.) is your
substantial pain! It’s the zimbabwee financial model gone american … , Kyle
Bass Tells 'Nominal' Stock Market Cheerleaders: Remember Zimbabwe
Submitted by Tyler
Durden on 02/01/2013 { Yeah … the stock markets worldwide have become huge
‘QE-fed’ scams/frauds that everyone else is or will be paying for in a very
big, deleterious way! } “ Amid
the euphoria of today's crossing of the Dow's Maginot Line at 14,000, Kyle Bass
provided a few minutes of sanity this morning in an interview with CNBC's Gary
Kaminsky. Bass starts by reflecting on the ongoing (and escalating)
money-printing ( or
balance sheet expansion as we noted here ) as the driver
of stock movements currently and would not be surprised to see them move higher
still (given the ongoing printing expected). However, he caveats that nominally
bullish statement with a critical point, "Zimbabwe's stock market was the best performer
this decade - but your entire portfolio now buys you 3 eggs"
as purchasing power is crushed. Investors, he says, are "too focused on
nominal prices" as the rate of growth of the monetary base is destroying
true wealth. Bass is convinced that cost-push inflation is coming (as the
velocity of money will move once psychology shifts) and investors must not take their eye off the insidious
nature of underlying inflation - no matter what
we are told by the government (as they will always lie when its
critical)…” , Post-Hyperinflationary
Zimbabwe Welcomes The Holidays With 80% Unemployment, Empty ATMs And Paralyzed
Transport { Just another typical
nigger! Speaking of niggers, if wobama is given the opportunity as he has thus
far, he’ll tread the same path as fellow nigger mugabe. } … Zimbabweans are
facing bleak holidays this year amid rising poverty, food and cash shortages
and political uncertainty, with some describing it as the worst since the
formation of the coalition government in the southern African nation....
Banks have closed, ATMs have run out of cash and transport services have been
paralyzed." It gets worse: "Zimbabwe's unemployment is pegged at
around 80 percent with many people in Harare, the capital, eking out a living
by selling vegetables and fruits on street corners." And
all of this is after the massive economic imbalances in Zimbabwe's economy
should have been "fixed" (or so conventional economic theory would
have one believe) courtesy of hyperinflation, which left any savers in tatters,
destroyed the value of the old currency, benefited solely debtors but
also allowed a fresh start to a government, which could only remain in power
due to a violent power grab by the democratically elected-turned-dictator
Robert Mugabe. }
***** I've not posted to my website,
etc., (except for myahoo daily news since the dates are already posted), since
2-08-13 because .....it's the lunar new year and Chinese markets are not open
..... just kidding! ..... because I'm on vacation .....just kidding again!
.....actually, it's because I'm backing up my entire website to one of my
laptops. It's taking longer than anticipated as I now enter the fourth day of
download (has taken five days, total) ..... more and an update file - http://albertpeia.com/aupdate21413.htm
http://albertpeia.com/mainstreammediamatrix.htm
http://albertpeia.com/thingsgettingworseinamerica.htm
http://albertpeia.com/socialcontroldebtslaves.htm
http://albertpeia.com/40wayschinabeatingamerica.htm
http://albertpeia.com/insolventbankingsystems.htm
http://albertpeia.com/europeaintfixed.htm
http://albertpeia.com/eucrisisbackandworse.htm
http://albertpeia.com/deathofpetrodollar.htm
http://albertpeia.com/wobamagravytrain.htm
Submitted by Tyler
Durden on 02/15/2013 - "It’s not going away, it’s going to
get worse," is how PIMCO's Mohamed El-Erian warns Yahoo's Lauren
Lyster about central bank policy and the currency wars that are so much in
discussion currently. Central banks have been compelled to undertake
unconventional measures, things they haven’t done before, because other
policymakers are not stepping up to take responsibility on the fiscal side.
These implicit devaluations and beggar-thy-neighbor policies force a lot of
liquidity into the system and by pushing up asset prices, central banks
believe, create a 'weath effect'. It can also trigger “animal spirits” – we get
all excited and invest more. In terms of equity markets, El-Erian
says investors are split into two camps. One camp believes that everything will
go higher and central banks will succeed in their efforts. The other camp
believes asset prices are going to come down to meet the fundamentals. El-Erian
puts himself in the second camp. “We think that prices are
artificially high, that maintaining them here is going to be hard as central
banks become less effective, and that it’s time to book some profits and to
wait for some better entry points,” he explains. He clarifies that
this is not a “Lehman moment." But “prices that have gotten way ahead
of what policy can deliver,"
Submitted by Tyler
Durden on 02/19/2013 - Good news, bad news, no news, dips, no
dips, who cares. As Goldman sales/trading desk says, never look a gift-Bernanke
in the mouth (especially if he ends up in a frozen lasagna at a store near
you).
From GS:
A solid rally today and new cycle highs
for US equities – but that’s where the story stops. No obvious
catalyst. No bullish data . European stocks traded well, with most
people pointing to a better German ZEW print, but it’s not clear why that would
translate into such a strong US trading session. Maybe it’s best
though not to look a gift-horse in the mouth .
One can't help but laugh at this "market." { Riiiiight! Sounds like a plan! The
‘gift-horse’ that’s … not a gift-horse at all … You’re paying through your nose
and teeth. It was amusing to see mainstream media puzzling over the record high
gas prices so early in this time of year, and as well, the coming jump in beef
prices. There’s no mystery here! This is the natural and inevitable concomitant
to ‘printing presses gone wild’. Not printing presses for product for
intellectual consumption; but rather, printing presses (whether by print or
computer leger entry) for those ever more worthless paper fiat dollars backed
by nothing but insurmountable debt of a defacto bankrupt nation. Remember:
There’s no free lunch … fraudulent wall street’s predictable/intended gain
(from QE, currency debasement, etc.) is your substantial pain! It’s the
zimbabwee financial model gone american …
Kyle
Bass Tells 'Nominal' Stock Market Cheerleaders: Remember Zimbabwe Submitted by Tyler Durden on 02/01/2013 { Yeah … the stock
markets worldwide have become huge ‘QE-fed’ scams/frauds that everyone else is
or will be paying for in a very big, deleterious way! } “ Amid the euphoria of today's crossing of the Dow's
Maginot Line at 14,000, Kyle Bass provided a few minutes of sanity this morning
in an interview with CNBC's Gary Kaminsky. Bass starts by reflecting on the
ongoing (and escalating) money-printing ( or
balance sheet expansion as we noted here ) as the driver of stock movements
currently and would not be surprised to see them move higher still (given the
ongoing printing expected). However, he caveats that nominally bullish
statement with a critical point, "Zimbabwe's
stock market was the best performer this decade - but your entire portfolio now
buys you 3 eggs" as purchasing power is crushed. Investors, he says, are
"too focused on nominal prices" as the rate of growth of the monetary
base is destroying true wealth. Bass is convinced that cost-push inflation is
coming (as the velocity of money will move once psychology shifts) and investors must not take their eye off the insidious
nature of underlying inflation - no matter what we are told by the
government (as they will always lie when its critical)…”
Post-Hyperinflationary
Zimbabwe Welcomes The Holidays With 80% Unemployment, Empty ATMs And Paralyzed
Transport { Just another typical
nigger! Speaking of niggers, if wobama is given the opportunity as he has thus
far, he’ll tread the same path as fellow nigger mugabe. } … Zimbabweans are
facing bleak holidays this year amid rising poverty, food and cash shortages
and political uncertainty, with some describing it as the worst since the
formation of the coalition government in the southern African nation.... Banks have closed,
ATMs have run out of cash and transport services have been paralyzed." It
gets worse: "Zimbabwe's unemployment is pegged at around 80 percent with
many people in Harare, the capital, eking out a living by selling vegetables
and fruits on street corners." And all of this is
after the massive economic imbalances in Zimbabwe's economy should have been
"fixed" (or so conventional economic theory would have one believe)
courtesy of hyperinflation, which left any savers in tatters, destroyed the
value of the old currency, benefited solely debtors but also allowed a
fresh start to a government, which could only remain in power due to a violent
power grab by the democratically elected-turned-dictator Robert Mugabe.
Global ‘credit supernova’ turns 2013 bull to bear Marketwatch
Paul
B. Farrell Archives
| Email
alerts Feb. 9, 2013, 6:02 a.m. EST Global ‘credit supernova’
turns 2013 bull into bear
Commentary: Bill Gross warns about Fed’s
cheap-money schemes Paul B. Farrell , MarketWatch SAN LUIS OBISPO, Calif. (MarketWatch) — Bill Gross predicting a “ Credit Supernova. ” Yes, that ’ s what the “ Bond King ” sees dead ahead. He knows, his firm has $2 trillion at
risk of collapsing into the “ Black Hole ” coming after the Credit Supernova, when the Federal
Reserve cheap money finally explodes in America ’ s face, brings down the economy, again.
Gross’s Credit Supernova metaphor is the explosive
headline on his latest Pimco newsletter. So what’s a supernova? Jump over to
the Space.com’s parallel universe where you’ll discover a supernova happens
when a “blindingly bright star bursts into view in a corner of the night sky
... burns like a ... brilliant point of light.”
A supernova is “the explosion of a star
that has reached the end of its life ... Supernovas can briefly outshine entire
galaxies and radiate more energy than our sun will in its entire lifetime.”
Yes, a supernova is the “explosion of a
star that has reached the end of its life.”
“End of its life?” Is America’s star
economy burning out? Sure sounds like it: Gross is doing more than just hinting
with his Credit Supernova metaphor. He’s predicting the collapse of the
American economy and global financial markets, far worse than the 2008 Wall
Street bank credit collapse, worse than the 2000 dot-com crash.
As the folks over at Business Insider
put it: “Investment banks have morphed markets with ‘Ponzi Finance.’ And time
is almost up.”
Fed’s Ponzi scheme: Credit expansion
killing economic growth Business Insider’s Matthew Boesler summarized Gross’s rather cryptic
metaphor this way: Gross’s newsletter “tackles the relationship between credit
expansion and real growth” where under Bernanke the Fed’s cheap-money bubble makes
our monetary problems get bigger as the Fed keeps kicking them down the road.
So the Fed’s “Ponzi Finance” must run its printing presses full blast to
pump more and more credit into the economy “just to cover increasingly
burdensome interest payments, with accelerating inflation the end result.”
The problem is huge: Bernanke’s Ponzi Finance is self-sabotaging. Endless
cheap money upsets the balance between credit expansion and real economic
growth, resulting in diminishing returns: “Each additional dollar of credit
seems to create less and less heat. In the 1980s, it took four dollars of new
credit to generate $1 of real GDP. Over the last decade, it has taken $10, and
since 2006, $20 to produce the same result.” Bad news.
Yes, Wall Street and central banks worldwide are the engine driving
Bernanke’s Ponzi scheme straight into a Credit Supernova bubble. Why? Because
in the past generation more and more of the Fed’s new credit was channeled into
market speculation, distorting the balance between markets and the real
economy.
“Investment banking, which only a decade ago promoted small-business
development and transition to public markets, now is dominated by leveraged
speculation and the Ponzi Finance.”
Gross warns: As a result, “our credit-based financial markets and the
economy it supports are levered, fragile and increasingly entropic — it is
running out of energy and time. When does money run out of time? The countdown
begins when investable assets pose too much risk for too little return; when lenders
desert credit markets for other alternatives such as cash or real assets,” a
trend that’s already accelerating as more and more investors wise up to Wall
Street’s dangerous Ponzi Finance, anticipating that a Credit Supernova will
soon bring down Bernanke’s totally mismanaged monetary system, probably in
2013, months before his scheduled retirement.
After Credit Supernova will banks see
the light ... or stay blinded? Alan Blinder is familiar to Wall Street Journal readers and investors. The
former vice chair of the Federal Reserve just published “After the Music
Stopped: The Financial Crisis, the Response, and the Work Ahead.” His recent
New York Times op-ed piece is a perfect playbook of what’s coming after Wall
Street’s Credit Supernova explodes.
Blinder opens by quoting Hegel: “What experience and history teaches us is
that people and governments have never learned anything from history.” But then
Blinder adds, “actually, I think people do learn. The problem is that they
forget, sometimes amazingly quickly. That seems to be happening today, even
though recovery from the economic debacle of 2008-9 is far from complete.
Evidence of this forgetting is everywhere.”
His list of Wall Street’s mental blocks is all too familiar. They are
blind, in denial. So Blinder “encapsulates what we must remember about the
financial crisis into 10 financial commandments, all of which were brazenly
violated in the years leading up to the crisis.”
Imagine his frustration, like Moses coming down from the mountain, seeing
the people partying, honoring false idols, the golden calf of profits. Wall
Street did the same, forgot in 2000, forgot again in 2008, went back to the
same old tricks.
http://albertpeia.com/retailapocalypse.htm
http://albertpeia.com/systemicfinancialcollapse2pillarsdown.htm
http://albertpeia.com/notaxationwithoutrepresentation.htm
http://albertpeia.com/uspromiscuity.htm { I’m constrained to
say that grammar, junior high, and high school in the suburban town in which I
grew up were not at all like that; and, far more conservative and restrained.
I’ve included the following previous reference/link as a matter of disclosure
and so as not to appear as a hypocrite in the context of this referenced subject: Drudgereport: STUDY: Girls As Young As 6 See Themselves As Sex
Objects... was kidnapped, sexually abused and strangled by a man who lured her
from her front yard by telling her he had lost his dog. Her naked body was
found the next day by a hiker in Cleveland National Forest , 50 miles southeast of Stanton. [1] The autopsy revealed that
she died from compression. A sample of the kidnapper's DNA was found under her fingernail. The
suspect, a Lake Elsinore, California , man named Alejandro Avila, was
convicted of first degree murder with special circumstances in May 2005. His
DNA was found on Samantha's body, and her DNA was found in his car. He was
arrested three days after the abduction. Avila had previously been to the
condominium complex where Samantha lived, because his ex-girlfriend resided
there and he had been previously acquitted of molesting her daughter and niece.
On May 16, 2005, the jury recommended he receive the death penalty. On July 22,
2005, Avila was formally sentenced to death. He is incarcerated at San Quentin State Prison on death row ). As an
aside, I’ve included the following for the record as well: Though I’ve had many
consensual sexual liasons with many different female sexual partners
(mid-hundreds) all of whom I liked, I’ve never, ever resorted to prostitutes.
The accidental exceptions included two ‘call girls’; one having met at summer
beach town bar matinee and who was ‘not working’ (as it turned out the reason
being she was at the end of her menstrual cycle). The other at a grocery store
with her daughter which made such in my mind, unlikely. As it turned out, both
were ‘nymphomaniacs’ (which, truth be told, made for quite an exceptional
sexual romp) and I simplistically inferred/surmised without dwelling on the
subject that they probably expected they’d have inordinate amounts of sex
anyway and might as well get paid for it – of course I didn’t nor was I asked
to pay. The other incident I’m including here for the record concerned an
absolutely beautiful (blonde hair, blue eyes, pretty, cute, perfectly
built/proportioned – make no mistake, however, I like brunettes also) girl I
met at a bar called ‘the Red Ranch’, later changed to ‘Harpoon Willy’s’. At
closing, we immediately became amorous, near intimate to a point in my car with
abrupt ‘resistance’ at the ‘crucial moments’. When I finally, ‘exasperated’,
asked ‘what’s up’, she stated she had recently broken up with her boyfriend who
had gone too far in the ‘sado-masochistic’ ritual behavior they were, and she
still was into. I told her I wasn’t into it
(I don’t connect sex with sado-masochism); never would, never did, never
will. We talked for quite some time and she explained her ‘predisposition’ the
(her perceived) consequence of her strict, puritanical upbringing and feelings
of guilt concomitant with sexual activity requiring coincident punishment/pain
when so engaged. I was busy with law school evenings, work full-time, and
teaching at a local college part-time and parted ways without taking her number
and never did see her again. } ]
Submitted by Tyler
Durden on 02/18/2013 - This video has been going around for a
few days, but wow. Very powerful and could be effective in knocking some
sense into more sheeple if it gets spread widely enough. It’s an absolute joke that these
people being questioned by Senator Elizabeth Warren are supposed hold the banks
to task. She also makes the key point how ordinary
citizens are constantly harassed by the “authorities” for what are in
many cases petty and victimless crimes, while the bankers who have unleashed
more destruction than anyone else, get slaps on the wrist. Every single
American should watch this short clip.
http://albertpeia.com/900yearoldprophecy.htm
From: "Adam Green, BoldProgressives.org"
<[email protected] >[email protected] >
Albert...Overnight,
40,000 people became citizen supporters of Congressmen Alan Grayson and Mark
Takano's letter against cuts to Social Security, Medicare, and Medicaid
benefits.
-----
Dear Mr.
Green Et Als:
I
frankly have been immediately involved as follows:
I’ve not posted
to my website, etc., (except for myahoo daily news since the dates are already
posted), since 2-08-13 because … it’s the lunar new year and Chinese markets
are not open …… just kidding! ….. because I’m on vacation … just kidding again!
…..actually, because I’m backing up my entire website to one of my laptops.
It’s taking longer than anticipated as I now enter the fourth day of download
(has taken five days, total) [through no fault of Time Warner – they offer a
superfast internet service/connection for more money which is far more than I
need relative to cost though truth be told, I lamented it would have been handy
for this time-consuming, ‘laborious’/tedious task (requiring surface attention,
ie., file overwrites, preventing automatic shutdown for installation of windows
updates, etc., interrupting the FTP flow) which I didn’t want to foul by
usurping bandwith/memory for this mundane endeavor]. The new HP laptop with
extra-large disk space running windows 8 which I specifically bought for this
intended purpose of backup became problematic inasmuch as the screen-saver was
not readily turned off as is easily discernible and accomplished in other
windows op systems and which cut out my ftp connection (filezilla courtesy of
mozilla/firefox is great) when operative. The fixes as per google search either
weren’t present in this windows 8 offering or, from my perspective, not worth
the risk (one such was a registry editing program/script that disabled
screensaver which I could not and did not risk – remember, with google/nsa
links you see what they want you to see, which of itself is informational). I
thereupon used a crossover cable to transfer files from my other laptop which
I’m using for the backup files - windows 8 saw it just fine which had not been
the case with prior windows versions when I tried same. Interestingly (or not),
and I can’t even say how, on the new windows 8 laptop, after some belated
‘tinkering’, up popped an AMD power/vision window which allowed for my ‘never’
entries on screensaver for both battery (longer battery-held charge probably
the reason for the ‘intended’ difficulty regarding disabling same?) and
plug-in/adapter, but the older HP laptop’s already doing just fine.
That said,
it's no mystery that john boner is not a bright man, a fact that's not lost on
anyone including his (rusted, rust-belt) home state of ohio which lamentably
was carried by wobama who should be impeached. It doesn't matter what wobama
says, but rather what he does that counts. First, start with prosecution/disgorgement
from the huge frauds in the trillions, protected on capital hill, including the
likes of wobama contributor, jon corzine et als. Second, fraud in social
security disability is rampant and must be eliminated. Term limits and paycuts
for congress are appropriate owing to egregiously failed performance, along
with cuts to budgetary allotments to the wasteful government employee slugs and
bureaucracy. People should be educated on the notion of 'utility' of, ie., a
dollar to a rich man relative to a poor man, which argues for progressive rates
of taxation; and hence, as supported by warren buffet, higher taxes in absolute
terms on the rich without gorging them (most wealthy people in america are
either overpaid, ie., ceos relative to other countries, or are criminals in
deriving their fortunes, as ie., wall street, trump, other mobsters/mafia,
etc., and as I've alluded to from my direct observation and experience,
immediately infra) that's all for now as I must get back to finishing my backup
tasks which are nearly complete.
This
probably is indicative of their acknowledgement of their concerted, failed
money-printing/over-spending modus operandi and the inevitable hyperinflation
to follow.
Kyle
Bass Tells 'Nominal' Stock Market Cheerleaders: Remember Zimbabwe Submitted by Tyler Durden } “ Amid the euphoria of
today's crossing of the Dow's Maginot Line at 14,000, Kyle Bass provided a few minutes
of sanity this morning in an interview with CNBC's Gary Kaminsky. Bass starts
by reflecting on the ongoing (and escalating) money-printing (or
balance sheet expansion as we noted here ) as the driver of stock movements
currently and would not be surprised to see them move higher still (given the
ongoing printing expected). However, he caveats that nominally bullish
statement with a critical point, "Zimbabwe's stock
market was the best performer this decade - but your entire portfolio now buys
you 3 eggs" as purchasing power is crushed. Investors,
he says, are "too focused on nominal prices" as the rate of growth of
the monetary base is destroying true wealth. Bass is convinced that cost-push
inflation is coming (as the velocity of money will move once psychology shifts)
and investors must not take their eye off the insidious
nature of underlying inflation - no matter what we are told by the
government (as they will always lie when its critical)…”
Insiders now aggressively bearish Marketwatch
Too
Scared To Jail: Untouchable Banks http://www.wealthdaily.com FEB 06 - ADAM
ENGLISH Department of (In)Justice We're
all second class citizens when the Department of Justice refuses to enforce the
law. It's "too big to jail" that comes out on top... Read
More...
Submitted by Tyler Durden
“Facts
do not cease to exist because they are ignored.” – Aldous
Huxley
The entire system is corrupt to its core. Both political
parties, regulatory agencies, Wall Street, the Federal Reserve, and mainstream
media are participants in this enormous fraud. They grow more desperate and
bold by the day. The lies, misinformation and propaganda being spewed on a
daily basis become more outrageous and audacious. They are using the Big Lie
method on a grand scale. They frantically need to lure the muppets into the
stock market and the housing market to keep the game going a little longer. You
can sense we are reaching a tipping point. The system they have created is mathematically
unsustainable. Therefore, it will not be sustained.
Opinion: Congress, president have insatiable need
to spend STLtoday.com { Yes! This is why, along with the
pervasive corruption and defacto bankruptcy of the nation, term limits across
the board are necessary, and without exceptions. After all, in the immortal
(campaign slogan) words of dick
(nixon), ‘experience counts’! Indeed it does! For good or ill, and nobody can
deny the nation’s very ill. Term limits would eliminate the perceived and in
fact need to refrain from enforcing laws against huge fraudsters/campaign
bribers/contributors. Moreover,’pork’ would give way to leaner cuts/spending
more rationally based. By every rational criterion, congress will have to work
for their pay consistent with their promises; and, not get to comfortable just
‘being there’ and all that that unfortunately entails. I’ve seen the lack of
resolve/courage/principle/competence first-hand: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }
It’s
Not a “Fiscal Cliff” … It’s the Descent Into Lawlessness
Posted by: George Washington
It’s Not a Tax or Spending Problem … It’s a Devolution Into Lawlessness
http://albertpeia.com/americasdescentintolawlessness.htm
Post-Hyperinflationary
Zimbabwe Welcomes The Holidays With 80% Unemployment, Empty ATMs And Paralyzed
Transport { Just another typical
nigger! Speaking of niggers, if wobama is given the opportunity as he has thus
far, he’ll tread the same path as fellow nigger mugabe. } … Zimbabweans are
facing bleak holidays this year amid rising poverty, food and cash shortages
and political uncertainty, with some describing it as the worst since the
formation of the coalition government in the southern African nation.... Banks have closed,
ATMs have run out of cash and transport services have been paralyzed." It
gets worse: "Zimbabwe's unemployment is pegged at around 80 percent with
many people in Harare, the capital, eking out a living by selling vegetables and
fruits on street corners." And all of this is after the massive
economic imbalances in Zimbabwe's economy should have been "fixed"
(or so conventional economic theory would have one believe) courtesy of
hyperinflation, which left any savers in tatters, destroyed the value of the
old currency, benefited solely debtors but also allowed a fresh start to
a government, which could only remain in power due to a violent power grab by
the democratically elected-turned-dictator Robert Mugabe.
U.S.
Government Claims – Just Like the Nazis – that the Truth Is Too Complicated and
Dangerous to Disclose to the Public by: George Washington http://albertpeia.com/usnaziapproach.htm
http://albertpeia.com/americagone.htm
Bill Gross
Gets It { Gets what? Why is this
surprising? With $4 trillion gone missing (still) at the ny fed, americans
should not trust the ny fed. Germany’s move is totally rational. How can anyone
trust fraudulent, thieving americans with their money or gold, particularly in
the fraud capital of the world, new york city Michael
Savage: Don't trust feds on flu shot... { Or anything else, for that
matter. Indeed, from my direct experience, the actions/inaction of the feds are
geared toward making one reliant/dependent upon them (ie., food stamps, faux
disability, unemployment comp extensions, ‘protection’ from rampant, blatant
crime or not, etc., despite america’s
defacto bankruptcy and the unaffordability of same), despite their unequivocal
incompetence and venality. In fact, stepping back, I have seen first hand those
siding with/benefiting from (and the encouraging of more crime), ie., RICO
defendants et als, actually rewarded by the pervasively corrupt/defacto
bankrupt american system (ie., trumps, alito, fed slugees, etc., essentially a
combination of and tantamount to what is essentially hush money, bribes, etc.).
Pervasively corrupt, defacto bankrupt america is a failed meaningfully lawless
nation of marauders/thieves that no longer even remotely resembles what it
purports to be and arguably once was. Replaying
Chris Christie's Epic Anti-Boehner Meltdown ZH { The bigger, fatter, more rotund question everyone’s
asking is, will they ever be able to put humpty dumpty back together again? The
newyork/jersey/conn tristate national drains (huge wall street frauds,
organized crime, and all etc.) feel slighted; yet, how can you miss him? I’ve
been waiting far longer for resolution to the corrupted process regarding funds
due and owing to me from primarily the corrupt tristate region, the beltway’s
no.virginia, and banana republic extraordinaire (the entire nation’s become
one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm Armed
Robberies Spike Following Game... { Indeed! A LaPierre : ‘bad guys
(criminals) with guns can only be stopped by good guys with guns’. Moreover, I
would add that criminals will always have (and have access to getting) guns. To
strip the good, the innocents of their like defense against same is insanity. I
hearken back to and reiterate the (famed NRA truism and) reality that it’s
‘people that kill people’ and the numerous examples he gave of armed defense
being the only real, true protection for those in need, as ie., children, etc.,
of protection from the nefarious elements of our increasingly less than
civilized society. Let me also add from direct experience, if you’re relying
upon, ie., the feds and (corrupted) process, to protect and save your property,
life, liberty and happiness consistent with rules of law and civilized behavior
… then, you’re finished/done/dead! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
CONGRESSMAN
WARNS OBAMA: IMPEACH YOU
[ http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ]
White
House readies 19 executive orders on guns...
}
http://albertpeia.com/americagone.htm
http://albertpeia.com/moretakersthanmakers.htm
http://albertpeia.com/55reasonscaliforniaworststateafterjersey.htm
{ With
jersey, it’s necessary to look under the hood(s)! }
20 Outrageous Examples That Show How
Political Correctness Is Taking Over America
http://albertpeia.com/20outrageousexamplesofpoliticalcorrectness.htm
Just a few months back we noted the
FBI's arrest of Tony Mack, the Mayor of New Jersey's salubrious capital
Trenton. Today, via AP, the mayor and his brother have been indicted on eight
counts of extortion, bribery, and mail and wire fraud. The Mayor has continued
in his position - even since the September arrest - but the federal indictment
relates to an alleged scheme to accept $119,000 in bribes in exchange for his
influence in the development of a garage on city-owned land. Shocked? not so
much; but it seems maybe "Trenton Makes, The Mayor Takes" is more
appropriate.
Submitted by Tyler Durden
Eleven states made Forbes'
list of danger spots for investors including California, New York,
Illinois, and Ohio. They warned (and with the cliff it is even
more critical) , if you have muni bonds in these states - clean up your
portfolio; if your career takes you there - rent, don't buy! Two factors
determine their list of 'fiscal hellholes'. The first is whether there are more
takers (someone who draws money from the government) than makers (the gainfully
employed). The second is a state
credit-worthiness score (via Conning) based on large debts, uncompetitive
business climates, weak home prices, and bad trends in employment. Conning
rates North Dakota the safest state to lend money to, Connecticut the most
hazardous. A state qualifies for the Forbes' death spiral list if its
taker/maker ratio exceeds 1.0 and it resides in the bottom half of Conning’s
ranking. See below for the 11 states to avoid...no matter what Bob Toll, Larry
Yun, Bob Pisani, or Alexandra Lebenthal tells you..
Worst-run states New Jersey Between 2010 and
2011, New Jersey’s GDP contracted by 0.5% — more than all but three states. The
state’s median household income and poverty rate both ranked third in the
nation. On the other hand, the state’s tax burden on its residents was second
highest in the U.S. in 2010. Residents paid 12.4% of their income in state and
local taxes — higher than any other state except neighboring New York. The
state has budget problems, as well, according to the 24/7 Wall St. analysis.
New Jersey’s debt as a percentage of revenue was 91.6%, the fifth-highest of
all states.
February 8, 2013 http://gainspainscapital.com
http://albertpeia.com/fedpunchedout.htm
Do
Wall Street Insiders Expect Something Really BIG To Happen Very Soon? http://albertpeia.com/marketcrashcomin.htm
U.S. stocks close lower on buying fatigue Marketwatch {
Wow! Buying fatigue! Riiiiight! How ‘bout those paper bubble-market QE fed air
bubble stocks are not worth the paper they’re printed on, beyond the fraud and
computerized manipulation; particularly when factoring macro and micro economic
reality! } , , Tony Bennett: If Americans Keep Firearms, “Rest of the
World Will Really Take Care Of Us” Kurt Nimmo | Compares America upholding Second Amendment to Nazi
Germany. { Come on! Who takes anthony
dominick benedetto aka tony bennett seriously … his herpes virus has probably
migrated to his brain! Probably a Mussolini fan and in real time at that! } , The European House of
Cards is About to Collapse http://albertpeia.com/europeanhouseofcards.htm
http://albertpeia.com/bankforinternationalsettlementscontrolsthemoney.htm
These Guys “Made”
2% of Their Country’s GDP Last Year
February 6, 2013 http://gainspainscapital.com http://albertpeia.com/2percenters.htm { I include this here because I’m against
the lie and failed system of communism (China’s gains have been ‘capitalist’)
which invites corruption by way of powerful, entrenched bureaucracies of for
the most part relatively untalented, unproductive people; much like the
pervasively corrupt america today that I have observed closely and directly
experienced http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm … then as well, there’s the wars, huge
protected (ie., wall street, etc.) frauds, etcetera..}
http://albertpeia.com/medialyingaboutusunemployment.htm
A
MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN... http://albertpeia.com/germangoldgone.htm
Congressman
Boasts Salary Requirements
nigger! What a waste of money, time, and resources these incompetent,
corrupt, venal federal slugs are! }
Prepare to pay the piper
Marketwatch
Regards,
Al
Peia
http://www.albertpeia.com/todayspage.htm http://albertpeia.com/todaysbusinesssummarylinks.htm
http://albertpeia.com/ fbimartinezcongallard.htm
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm
http://albertpeia.com/22signsglobalrecessiondepression.htm
http://albertpeia.com
What in the World Has Happened to the FBI/DOJ? http://albertpeia.com/fbinazibikersbustfbinazibikers2.htm
http://albertpeia.com/europeanmeltdown.htm
http://albertpeia.com/fedpunchedout.htm
Drudgereport: EX-LAPD
WANTED IN COP SHOOTINGS... Left
20-page manifesto on FACEBOOK...
Uncensored... { http://albertpeia.com/niggersmanifesto.htm } Supports
gun control, Obama and Piers Morgan... { Yeah … and venal-la feinstein’s
position on guns too … he seems the perfect fit for DHS (homeland security);
you know, disarm the sane leaving them defenseless while stocking up on heavy
weaponry they and other nut-cases can kill you with … loves O …You can’t make
this stuff up in pervasively corrupt, meaningfully lawless, defacto bankrupt
america http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm }Wrote
online message to Tebow...
Secure
Your Retirement Assets Warning:
Government Retirement Scam Uncovered FEB 08 - JEFF SIEGEL http://www.wealthdaily.com The government says its concerned about
retirement scams, but any time they say they want to "help you," you
should be worried. Is the government now coming after your 401(k)? Read
More...
U.S. stocks close lower on buying fatigue Marketwatch { Wow! Buying fatigue! Riiiiight! How ‘bout those paper
bubble-market QE fed air bubble stocks are not worth the paper they’re printed
on, beyond the fraud and computerized manipulation; particularly when factoring
macro and micro economic reality! }
http://albertpeia.com/marketcrashcomin.htm
Tony Bennett: If Americans Keep Firearms, “Rest of the
World Will Really Take Care Of Us” Kurt Nimmo | Compares America upholding Second
Amendment to Nazi Germany. { Come on!
Who takes anthony dominick benedetto aka tony bennett seriously … his herpes virus
has probably migrated to his brain! Probably a Mussolini fan and in real time
at that! }
http://albertpeia.com/europeanhouseofcards.htm
http://albertpeia.com/bankforinternationalsettlementscontrolsthemoney.htm
These Guys “Made”
2% of Their Country’s GDP Last Year
February 6, 2013 http://gainspainscapital.com http://albertpeia.com/2percenters.htm { I include this here because I’m against
the lie and failed system of communism (China’s gains have been ‘capitalist’)
which invites corruption by way of powerful, entrenched bureaucracies of for the
most part relatively untalented, unproductive people; much like the pervasively
corrupt america today that I have observed closely and directly
experienced http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm … then as well, there’s the wars, huge
protected (ie., wall street, etc.) frauds, etcetera..}
The
White House is "Judge, Jury and Executioner" of Both Drone and
Cyber-Attacks Posted by : George Washington Post date: 02/05/2013 Bush and Obama Have Set Us Back 800 Years
Too
Scared To Jail: Untouchable Banks
http://www.wealthdaily.com FEB 06 - ADAM
ENGLISH Department of
(In)Justice We're all second class citizens when the Department of Justice
refuses to enforce the law. It's "too big to jail" that comes out on
top... Read
More...
http://albertpeia.com/useusystemiccorruption.htm
http://albertpeia.com/riseoftherobots.htm
Golden
Showers from Space http://www.wealthdaily.com FEB 05 -
CHRISTIAN A. DEHAEMER Gold Production Cliff: 2017 All gold comes from space.
They have been digging it out of the ground in record amounts. And production
is about to hit a cliff... Read
More...
8,583 Dead
Americans http://www.wealthdaily.com Jeff Siegel America's Gun Violence Problem is NOT Gunshttp://albertpeia.com/usgunviolenceproblemisnotguns.htm
http://albertpeia.com/stockmarketcrashineurope.htm
http://albertpeia.com/moneyprintingwarfare.htm
{AP1-23-13: No! I didn’t watch the monkey bowl nigger
show at half-time, and only parts of this year’s monkey bowl. Wow! San franny,
on their fanny, should give former san fran mayor, venalla feinstein a call to
send in the big guns before she bans them. Whoops…need to break the momentum of
rival of niggertown favorite, san fran so power outage in niggertown new
orleans…definitely hurricane katrina’s fault…riiiiight …better give nigger ray
nagin a call to get things back up and runnin’…whoops, no can do – nigger ray’s
just been indicted ( http://www.nola.com/crime/index.ssf/2013/01/a_breakdown_of_the_payments_to.html ) …Besides, this is a great way to level
the playing field for the hometown nigger purse-snatchers…you know, lights out
and all. Actually, I truly am rooting for the ravens, but not much…reason? To
thwart this year’s egregious wall street fraudulent, manipulated ‘january
effect’ superstition; viz., an AFL team nigger bowl win means according to
mental case wall street superstition, bear market/bad stock market (actually,
‘sell now before may and go away’ is the apposite axiom regardless who wins).
This is the last monkey bowl I’ll be watching even part of. If you’re rooting
for san Francisco, be sure to where some flowers in your hair. This was the
sh**iest monkey bowl I’ve ever seen even a part of! }
U.S.
Approved Israeli Bombing of Syria … and May Join the War at Any Moment Posted by: George Washington Post date: 02/04/2013 -Despite the Pretense that the U.S. and Israel Are Not
Intervening In Syria’s Civil War, They Are Both At War With Syria { Talk about about not learning from
history, and being condemned to repeat it … you really can’t make up this
misguided, unaffordable, contraindicated folly! }
COPS:
Teen throws boy, 9, off roof...
http://albertpeia.com/negroesatplay.htm
http://albertpeia.com/medialyingaboutusunemployment.htm
http://albertpeia.com/riseofthepreppers.htm
Big Ag
Subsidies http://www.wealthdaily.com FEB
01 - JEFF SIEGEL The Free Market is a Lie! Your tax
dollars are funding beef exports to Japan, industrial farms, and concentrated
animal feeding operations. Read More...
Tawana
Brawley served with court order to pay man she accused of rape in 1987
http://albertpeia.com/rememberingtawanabwana.htm
Submitted by Tyler
Durden on 02/01/2013 { Yeah … the stock markets worldwide have become huge
‘QE-fed’ scams/frauds that everyone else is or will be paying for in a very
big, deleterious way! }
Amid the euphoria of today's crossing of the Dow's Maginot Line at 14,000,
Kyle Bass provided a few minutes of sanity this morning in an interview with
CNBC's Gary Kaminsky. Bass starts by reflecting on the ongoing (and escalating)
money-printing ( or
balance sheet expansion as we noted here ) as the driver of stock movements
currently and would not be surprised to see them move higher still (given the
ongoing printing expected). However, he caveats that nominally bullish
statement with a critical point, "Zimbabwe's stock market was the
best performer this decade - but your entire portfolio now buys you 3
eggs" as purchasing power is crushed. Investors, he says, are
"too focused on nominal prices" as the rate of growth of the monetary
base is destroying true wealth. Bass is convinced that cost-push inflation is
coming (as the velocity of money will move once psychology shifts) and investors must
not take their eye off the insidious nature of underlying inflation - no matter
what we are told by the government (as they will always lie when its critical).
Own 'productive assets', finance them at low fixed rates (thank you Ben),
and finally, on HLF, don't bet against Dan Loeb.
http://albertpeia.com/obamarecession2013.htm
http://albertpeia.com/fedsplinters.htm
http://albertpeia.com/rottencore.htm
http://albertpeia.com/failedcommunistamerica.htm
http://albertpeia.com/fedprintingbankruptsthelendermeanswar.htm
http://albertpeia.com/fedmoneyprinting.htm
http://albertpeia.com/warningshot.htm
http://albertpeia.com/waronusstreets.htm
{ We’ve never, in the entire history of economics,
finance, markets seen the disconnect from economic/financial reality and
fundamentals as pronounced and as great as now. The reality of modern-day
computer programs/algos/frauds at lightning computerized speed and sheer
desperation on fraudulent wall street whose ever larger protected frauds are
literally cheered by failed american leadership at every level. Right now,
though contraindicated, the superstitious January effect is in play and
manipulated to meet faux bullish expectations. Then too, without doubt, what
will be their excuse to not ‘sell in May and go away’ which really should be
the mantra at present, now, beyond the hot air, smoke and mirrors, fraud and
b***s*** we’re once again seeing in large measure, encouraged and received with
ebulliently poised irrational exuberance on wall street and in washington. Remember the ralleys in sympathy with Apple
exuberance, all of which we now know to have had a foundation of little more
than ‘apple sauce’. Total b***s***! What’s the next b***s*** story/sizzling
fraud? The ‘money’ being cashed out by these frauds has to come from someplace
(the real economy) and has already found a way into
understated/underreported inflation
rates (for a multiple of staples including food prices), lower margins through
higher costs thereby manipulated somewhat by currency manipulations, all of
which will be ‘coming due’ in a very big way to the downside, reality-based
blowout around the corner. }
German
Gold Repatriation http://www.wealthdaily.com/articles/german-gold-repatriation/3918 Trust No
Longer Exists
http://albertpeia.com/gaprichpoor.htm
http://albertpeia.com/squidfood.htm
http://albertpeia.com/chinatowns.htm
http://albertpeia.com/uspromiscuity.htm
{
I’ve included the following previous reference/link as a matter of disclosure
and so as not to appear as a hypocrite in the context of this referenced
subject: Drudgereport: STUDY: Girls As Young As 6 See Themselves As Sex
Objects... was kidnapped, sexually abused and strangled by a man who lured her
from her front yard by telling her he had lost his dog. Her naked body was
found the next day by a hiker in Cleveland National Forest , 50 miles southeast of Stanton. [1] The autopsy revealed that
she died from compression. A sample of the kidnapper's DNA was found under her fingernail. The
suspect, a Lake Elsinore, California , man named Alejandro Avila, was
convicted of first degree murder with special circumstances in May 2005. His
DNA was found on Samantha's body, and her DNA was found in his car. He was
arrested three days after the abduction. Avila had previously been to the
condominium complex where Samantha lived, because his ex-girlfriend resided
there and he had been previously acquitted of molesting her daughter and niece.
On May 16, 2005, the jury recommended he receive the death penalty. On July 22,
2005, Avila was formally sentenced to death. He is incarcerated at San Quentin State Prison on death row ). As an
aside, I’ve included the following for the record as well: Though I’ve had many
consensual sexual liasons with many different female sexual partners
(mid-hundreds) all of whom I liked, I’ve never, ever resorted to prostitutes.
The accidental exceptions included two ‘call girls’; one having met at summer
beach town bar matinee and who was ‘not working’ (as it turned out the reason
being she was at the end of her menstrual cycle). The other at a grocery store
with her daughter which made such in my mind, unlikely. As it turned out, both
were ‘nymphomaniacs’ (which, truth be told, made for quite an exceptional
sexual romp) and I simplistically inferred/surmised without dwelling on the
subject that they probably expected they’d have inordinate amounts of sex
anyway and might as well get paid for it – of course I didn’t nor was I asked
to pay. The other incident I’m including here for the record concerned an
absolutely beautiful (blonde hair, blue eyes, pretty, cute, perfectly
built/proportioned – make no mistake, however, I like brunettes also) girl I
met at a bar called ‘the Red Ranch’, later changed to ‘Harpoon Willy’s’. At
closing, we immediately became amorous, near intimate to a point in my car with
abrupt ‘resistance’ at the ‘crucial moments’. When I finally, ‘exasperated’,
asked ‘what’s up’, she stated she had recently broken up with her boyfriend who
had gone too far in the ‘sado-masochistic’ ritual behavior they were, and she
still was into. I told her I wasn’t into it
(I don’t connect sex with sado-masochism); never would, never did, never
will. We talked for quite some time and she explained her ‘predisposition’ the
(her perceived) consequence of her strict, puritanical upbringing and feelings
of guilt concomitant with sexual activity requiring coincident punishment/pain
when so engaged. I was busy with law school evenings, work full-time, and
teaching at a local college part-time and parted ways without taking her number
and never did see her again. }
http://albertpeia.com/unperfecto.htm
http://albertpeia.com/chinafraud.htm
http://albertpeia.com/sovereigndebtimplosion.htm
{ 1-20-13 I
really must say, of all weekends to come down with this virulent, brutal strain
of flu, this was it; perfect timing. GOD truly works in mysterious ways. I can
feel the depths of nausea beyond that intellectually indicated by the
swearing-in of nigger-monkey jiva (no, not java man, jiva) man for his new
term. Quite separately, I’m constrained to comment that while I personally
don’t trust the feds sufficiently to take the vaccine (infra), I truly can
understand why some might (chance it). This was a brutal, painful, debilitating
strain of flu wherein the persistent coughing ultimately gave rise to extreme
pain when so doing. Though even worse than the last severe strain (LA gets them
all, sooner or later), I now have immunity. It seems that each subsequent
strain is more severe than the prior strain (and not just because of my
increase of years) and I’m not yet quite sure as to why. And, given the proclivity
of the government to make the populace/citizenry ever more dependent upon what
is (clearly a fact lost on no one) an ever more incompetent, failed, and
corrupt government, the inference that the same has as its genesis a
recombinant form of virus brought to you by none other than the same desperate
government, is eminently reasonable (preliminary ‘testing of the waters’ so to
speak, surely to get worse). In fact, it’s a bit unsettling that this same
strain of flu has a near simultaneous breakout nationwide. Moreover, from
unconstitutional attempts to disarm the citizenry, to drones, to military
maneuvers allegedly as anti-terror drills, etc., such a hypothesis seems hardly
a stretch and upon reflection, quite probable. After all, there were pervasive
domestic terrorist threats, unprecedented in a national election (but not at
all uncommon for niggers wherever they are), by the typically uncivilized
lawless niggers for riot and mayhem should obama be voted out of office as he
deserved to be on his unequivocally failed record. Not a peep … from dhs, dc,
etc., who are usually all over law-a-abiding citizens for no good reasons at
all … despite the outrageousness of same. One just can’t any longer trust the
u.s. government to do what’s right! Really! }
{ I will be expounding upon the ground-breakingly new,
failed ‘management’ approach adopted by this failed administration; viz.,
management by exceptions. That’s right! Exceptions! Not management by
objectives; but rather, management by exceptions. Forget laws, precedent,
things that have worked for the vast majority; and, focus instead upon the
exceptions as they fatefully crop up from time to time. As tragic as the Sandy
Hook tragedy was, for wobama to reveal the failed mindset that’s failed america
by managing by exceptions, he stated that he previously was not going to pursue
gun control this term (there’s a plethora of greater priorities for this
pervasively corrupt, defacto bankrupt nation), but now, because of this
slaughter at the hands of the nutcase, he is. Or, revise all protocols for
those who are or choose to be gay, or disregard the oath if an illegal
immigrant wants to practice law, or don’t prosecute the biggest exceptionally
huge wall street frauds because they are too big to fail/jail or donate mightily
to political campaigns (MFGlobal/Corzine), etc., or whatever else for votes,
etc., the list goes on and on. Yet, the obfuscations/frauds only mask the
inevitably greater, deeper abyss to follow! Yes … there you have it … america’s
new managerial approach/theory … on the road to perdition … MANAGEMENT BY
EXCEPTIONS. Guaranteed not to work … for all but the exceptions
(parenthetically, this topic of managing the exceptions as a separate
managerial task without misdirecting managerial focus from central objectives
was some years ago highlighted by the brilliant Peter Drucker)! }
Effective leadership is not about making speeches or being
liked; leadership is defined by results not attributes. Peter Drucker
Bill
Gross Gets It { Gets what? Why
is this surprising? With $4 trillion gone missing (still) at the ny fed,
americans should not trust the ny fed. Germany’s move is totally rational. How
can anyone trust fraudulent, thieving americans with their money or gold,
particularly in the fraud capital of the world, new york city Michael
Savage: Don't trust feds on flu shot... etc., despite america’s
defacto bankruptcy and the unaffordability of same), despite their unequivocal
incompetence and venality. In fact, stepping back, I have seen first hand those
siding with/benefiting from (and the encouraging of more crime), ie., RICO
defendants et als, actually rewarded by the pervasively corrupt/defacto
bankrupt american system (ie., trumps, alito, fed slugees, etc., essentially a
combination of and tantamount to what is essentially hush money, bribes, etc.).
Pervasively corrupt, defacto bankrupt america is a failed meaningfully lawless
nation of marauders/thieves that no longer even remotely resembles what it
purports to be and arguably once was. Replaying
Chris Christie's Epic Anti-Boehner Meltdown ZH { The bigger, fatter, more rotund question everyone’s
asking is, will they ever be able to put humpty dumpty back together again? The
newyork/jersey/conn tristate national drains (huge wall street frauds,
organized crime, and all etc.) feel slighted; yet, how can you miss him? I’ve
been waiting far longer for resolution to the corrupted process regarding funds
due and owing to me from primarily the corrupt tristate region, the beltway’s
no.virginia, and banana republic extraordinaire (the entire nation’s become
one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm Armed
Robberies Spike Following Game... http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm
CONGRESSMAN
WARNS OBAMA: IMPEACH YOU [ http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ]
White
House readies 19 executive orders on guns... }
http://albertpeia.com/americagone.htm
http://albertpeia.com/costlydelusions.htm
On
The Constitution, Gun Rights, Criminal Bankers, and Silver
JAN 18 - NICK HODGE http://www.wealthdaily.com
Buy a Gun, Buy SilverThe Federal Reserve
has never been an agent of the government; it is a creation of the bankers. You
see, the government cannot control the banks because the banks control the
government. Read
More...
http://albertpeia.com/trilliondollardebtbomb.htm
http://albertpeia.com/boomers.htm
http://albertpeia.com/greatsystemicrigof2012ending.htm
The Bundesbank Starts a Run on Gold { Yes, indeed … upon greater reflection, a 7
year wait to repatriate German gold stored at u.s./new york fed, really is a
cause for concern. The question is not only whether it’s there (I doubt it!),
not only whether what’s there has been displaced (stolen) and supplanted with
tungsten gold plate (at best); but, even assuming arguendo it is still there
(doubtful), given the undeniable inherent american proclivity for fraud and
theft, whether the thieving american frauds will interpose some spurious pretext
to preclude if not exclude the possibility of return (the story of america’s
foreign and domestic policies in a nutshell). One really has to wonder as to
the soundness and rationality of Germany’s decision in answering, why
fraudulent america and not the renown, trustworthy and reputable Swiss Banks
for storing their gold. } Everything the Bundesbank does is close to
perfection. The very fact that it is calling in its gold is monumental in terms
of questioning the "full faith and credit" of the United States
Treasury... Read
More... { There isn’t anything about america
that’s not ultimately, in the final analysis, totally fraudulent! } January 16, 2013 http://gainspainscapital.com
http://albertpeia.com/germanydoesnottrustusfed.htm
{ This is a very wise, rational move by
Germany which should be lost on no one. Indeed, by so doing, Germany will
likely guarantee repatriation of real gold, and not tungsten gold plate.
Realize that beyond the theft of $4 trillion still unaccounted for at the new
york fed, there have been ever more brazened frauds within the ranks of the
u.s. government and connected to the fed. The 360 tons of $100 dollar bills
flown into Iraq and disappeared, huge wall street frauds in the trillions still
extant and bailed out for the wall street perps by legislated FASB rule change,
among many other schemes, scams, facilitated by lightning fast computerization
have become both policy and modus operandi of the fed, u.s. government, and
insider perps. }
…The amount of gold the Fed supposedly
holds, is shown in yellow with a shade of tungsten. Why it will take the Fed 7
years to part with an amount of gold that is less than 5% of its total holdings
is anyone's guess.
Bill
Gross Gets It { Gets what? Why
is this surprising? With $4 trillion gone missing (still) at the ny fed,
americans should not trust the ny fed. Germany’s move is totally rational. How
can anyone trust fraudulent, thieving americans with their money or gold,
particularly in the fraud capital of the world, new york city Michael
Savage: Don't trust feds on flu shot... etc., despite america’s
defacto bankruptcy and the unaffordability of same), despite their unequivocal
incompetence and venality. In fact, stepping back, I have seen first hand those
siding with/benefiting from (and the encouraging of more crime), ie., RICO
defendants et als, actually rewarded by the pervasively corrupt/defacto
bankrupt american system (ie., trumps, alito, fed slugees, etc., essentially a
combination of and tantamount to what is essentially hush money, bribes, etc.).
Pervasively corrupt, defacto bankrupt america is a failed meaningfully lawless
nation of marauders/thieves that no longer even remotely resembles what it
purports to be and arguably once was. Replaying
Chris Christie's Epic Anti-Boehner Meltdown ZH { The bigger, fatter, more rotund question everyone’s
asking is, will they ever be able to put humpty dumpty back together again? The
newyork/jersey/conn tristate national drains (huge wall street frauds,
organized crime, and all etc.) feel slighted; yet, how can you miss him? I’ve
been waiting far longer for resolution to the corrupted process regarding funds
due and owing to me from primarily the corrupt tristate region, the beltway’s
no.virginia, and banana republic extraordinaire (the entire nation’s become
one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm Armed
Robberies Spike Following Game... http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm
CONGRESSMAN
WARNS OBAMA: IMPEACH YOU [ http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ]
White
House readies 19 executive orders on guns... }
http://albertpeia.com/americagone.htm
Federal
Government Musings And Other Societal Observations
http://albertpeia.com/americatitsup.htm
A
MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN...
http://albertpeia.com/germangoldgone.htm
http://albertpeia.com/50shockingquestions.htm
http://albertpeia.com/germanydoesnottrustusfed.htm
{ This is a very wise, rational move by
Germany which should be lost on no one. Indeed, by so doing, Germany will
likely guarantee repatriation of real gold, and not tungsten gold plate.
Realize that beyond the theft of $4 trillion still unaccounted for at the new
york fed, there have been ever more brazened frauds within the ranks of the
u.s. government and connected to the fed. The 360 tons of $100 dollar bills
flown into Iraq and disappeared, huge wall street frauds in the trillions still
extant and bailed out for the wall street perps by legislated FASB rule change,
among many other schemes, scams, facilitated by lightning fast computerization
have become both policy and modus operandi of the fed, u.s. government, and
insider perps. }
U.S.
Government Claims – Just Like the Nazis – that the Truth Is Too Complicated and
Dangerous to Disclose to the Public Posted by: George Washington Post date: 01/15/2013 -
History Repeats ...
http://albertpeia.com/usnaziapproach.htm
Escape
from America
6 Places to Protect and Grow Your Wealth as US Spirals
Out of Control
www.Sovereign-Investor.com
Coming
Economic Collapse
18 Critical Items You Need To Prepare, Tomorrow May Be
Too Late
WealthDaily.com/Economic_Collapse
14.9%
Inflation in 2013?
Will the Value of the U.S. Dollar Decline in the Coming
Months?
www.DailyWealth.com/Inflation
Drudgereport: PAPER:
Time to start switching out of US assets...
13-year-old
girls beat woman at bus stop 'for fun'... Girl
gang hails cab, then chokes, robs driver... ( Uncivilized niggers, of course! ){ CHICAGO (FOX 32
News) – ‘The Chicago Police Department has issued an alert in the 2nd District
of Wentworth for several armed robberies that have occurred during the month of
January.The offenders, described as six to seven African American females with
a light completion between the ages of 16 and 20, enter cabs in the Loop. Upon
arrival to their destinations on the South Side, one of the girl chokes the
driver with a rope or cord, while another threatens the cab driver with a
knife, demanding cash. Authorities say the group then jumps out of the
cab… Read more: http://www.myfoxchicago.com/story/20546398/alert-group-of-girls-sought-armed-robbery-cab-drivers?obref=obinsite#ixzz2ICcZA7FJ }
Congressman
Boasts Salary Requirements The actual quote is as follows: “My fear is that the whole island will
become so overly populated that it will tip over and capsize.”… { Just another
dumb, incompetent, glomming nigger!
What a waste of money, time, and resources these incompetent, corrupt, venal
federal slugs are! }
The fiscal cliff failed to address the
debt ceiling, and as the deadline draws closer, the U.S. credit rating is in
danger.
http://albertpeia.com/failurespeckingorder.htm
http://endoftheamericandream.com
http://albertpeia.com/deathofamericanworker.htm
January 13, 2013 http://gainspainscapital.com
http://albertpeia.com/2biggestproblemsinfinancialsystemhitin2013.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/fedgovhandouts.htm
January 11, 2013 http://gainspainscapital.com
http://albertpeia.com/criticalchinaissue.htm
http://albertpeia.com/usdefault.htm
http://thetruthwins.com [ Drudgreport: Kirchner
attacks Falkland Islands 'invaders'... Invaders indeed! Time to call british spades, spades! We fought a
revolution after so doing! } ]
http://albertpeia.com/piersmorganlyingaboutguncontrol.htm
Panic
In California As Thousands Of Food Stamps Cards Suffer Brief Outage
Zero
Hedge | This past weekend, as part of a system update to the CalWIN software of
California’s Social Services department, HP accidentally cancelled EBT cards
for some 37,000 Californians. { Yeah …
the illegal drug dealers especially were panicking! }
http://albertpeia.com/americadefaulting.htm
http://albertpeia.com/eff10913.htm
Submitted by Tyler
Durden on 01/09/2013
Every nation-state has a body of
laws woven into the fabric of society. As Peruvian economist Hernando de
Soto has commented on extensively, the stronger the rule of law, the
stronger the economy . And by "stronger" laws, I mean laws that are
impervious to tampering for personal or political gains. The connection between
a sound judiciary and economic health is readily comprehensible, except maybe
to a politician... businesses and individuals are far more likely to invest
capital in a country with understandable laws that are impartially and
universally enforced than if the opposite condition exists. That's because the lack of a
consistent body of law breeds uncertainty and adds a huge element of risk for
entrepreneurs. Which brings us back to the matter at
hand – American justice on a slippery slope.
{ Short answer: YES! Chief Justice John Roberts
Bowed To Political Pressure And Changed His Vote On Obamacare http://albertpeia.com/nolegalsystem.htm { The unfortunate reality is what I’ve
alluded to in the context of my own direct experience; viz., america’s ‘legal
system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws
to apply pressure, etc., and essentially run by the inmates of this collective
criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm Can
America Survive If Americans No Longer Agree On A Core Set Of Shared Values? { Short
answer: Beyond the propaganda, america already no longer survives as the nation
it once was and purports to be; and, the deterioration and decline of this
meaningfully lawless nation will continue. UNTOUCHABLE:
MF GLOBAL judge nixes group's bid to depose Corzine... [ Pervasively
corrupt, defacto bankrupt in every way, fallen america is so far gone they no
longer even bother with pretense! ] CONGRESSMAN
FLOODED WITH CALLS ON GUN CONTROL: 9-TO-1 AGAINST... , Alex
Jones vs. Piers Morgan: '1776 Will Commence Again If You Try To Take Our
Firearms'... , REPORT:
BANK OF AMERICA Freezes Gun Manufacturer's Account... , Armed
Robberies Spike Following Game...
Indeed! A LaPierre ] http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm
http://albertpeia.com/americagone.htm
SHRINK:
We are creating 'generation of deluded narcissists'... http://albertpeia.com/deludednarcissists.htm ‘…We must
beware of the toxic psychological impact of media and technology on children,
adolescents and young adults, particularly as it regards turning them into faux
celebrities—the equivalent of lead actors in their own fictionalized life
stories…’ Read more: http://www.foxnews.com/opinion/2013/01/08/are-raising-generation-deluded-narcissists/#ixzz2HXlpfElS Indeed, and america’s got the ‘perfect
(failed, like them) president’ for this deluded generation of of ‘legends in
their own minds’; viz., choom gang fantasizer in chief, wobama the b for b***
s***! Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is
well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Obama's
Lucky Charms: A Hindu God In His Pocket, A Masonic Emblem, And A Ring That Says
"There Is No God Except Allah"
http://albertpeia.com/ohowweird.htm Why do our politicians have to be so
weird? { Why? Because in, ie., O’s case, he is weird. Homo/hetero,
Muslim/Hindu/Christian, for Wall Street/against Wall Street, prosecute/no
prosecute, war/no war, say one thing/do another, truth/no truth, etc.. wobama’s
gotten’ by on b***s*** and ‘special consideration’ alone, never having done
anything of substance in his entire life. Indeed, even his so-called
‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced
fantasies which reveal a psychogenic/dissociative amnesia that works well in
the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign
trail’ littered with the cowpies of stark reality. People owe themselves and
their children more than this grifter’s con which in numbers measures more than
the increased deficits of all the presidents since President General Eisenhower
combined to obfuscate his unequivocal failure. Drudgereport: UPDATE:
Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall!
This from the record holder for fundraisers, 151 and counting. Then there’s the
100 plus rounds of golf in addition to being famously over-vacationed while in
office. Did wobama expect that these things would in choom fashion magically
come to fruition while he was ‘workin on his tan’, golf swing, or shootin’
hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm
The point is that you don’t have to love
Romney but you at least have to like yourself in saying ‘NO!’ to more wobama
b***s*** which is all that he is. Have some self-respect. His grade is
unequivocally ‘F’ for failure, having failed to do as promised which
coincidentally is a direct cause among others of this debacle called america’s
dark obama years. All the talk/b***s*** cannot change that reality. } http://albertpeia.com/10waysobamakillingjobsinamerica.htm Wobama’s Choom Gang
Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Friday
Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End
Of My First Term In Office"
ZeroHedge.com Tyler Durden { Wobama the b
for b***s*** speaks … on the prior pre-election campaign trail ( The
Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm }
http://albertpeia.com/moneyoutofthinair.htm
http://albertpeia.com/20factsofeuropecollapse.htm
http://albertpeia.com/idontthinkso.htm
http://albertpeia.com/totalitarianus.htm
http://albertpeia.com/thebigsurprise.htm
http://albertpeia.com/fedlies.htm { Do bears s**t in the woods? Is the Pope
Catholic? Did the fed previously say no recession, etc.? Of course they did and
do … all the time! }
http://albertpeia.com/middleclasswipeout.htm
http://albertpeia.com/goodbaduglyuscliffdeal.htm
http://albertpeia.com/dangerwillrobinson.htm
http://albertpeia.com/nothingfixedbydeal.htm
http://albertpeia.com/economiccollapseblogpredicitionsfor2013.htm
Why? Why does it seem like america is
getting crazier with each passing year? { Because pervasively corrupt
defacto bankrupt america is getting crazier with each passing year! }http://albertpeia.com/whyamericacrazier.htm
Submitted by Tyler
Durden on 01/02/2013 { The bigger, fatter, more rotund question everyone’s
asking is, will they ever be able to put humpty dumpty back together again? The
newyork/jersey/conn tristate national drains (huge wall street frauds,
organized crime, and all etc.) feel slighted; yet, how can you miss him? I’ve
been waiting far longer for resolution to the corrupted process regarding funds
due and owing to me from primarily the corrupt tristate region, the beltway’s
no.virginia, and banana republic extraordinaire (the entire nation’s become
one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm } Earlier today, in what can only be
summarized as an epic meltdown, NJ governor Chris Christie proceeded with an
even more epic rant against House speaker John Boehner, in narrow terms, and
House Republicans in broader, for killing the $60 billion Sandy Assistance
bill, whose funding would have offset one full year of the just legislated tax
hikes on the rich which would add $62 billion annually to the Treasury (or
alternatively would have been unfundable for the next 2 months while the US
struggles to pay its mandatory bills courtesy of having breached the debt
ceiling). Alternatively, all Americans could just agree to accept less welfare
and entitlement benefits to show their solidarity for New Jersey and fund the
recovery of the Tristate area by a " shared sacrifice " instead
of going the default route and demanding even more deficit spending - something
that would naturally saddle the next generation with even more pain, not the
current, far more entitled one - but in this country that is an absolutely
ludicrous proposition. Below is a clip of the entire Christie performance which
is a must see for sheer indignation entertainment value alone.
Fiscal cliff, my ass! Come on! Wake up!
There’s no real recovery, except, ie., for the huge frauds on wall street (as
they cash out worthless paper for bucks/hard assets and churn-and-earn at lightning/computerized
algo program speed) which continue unprosecuted and unabated and at everyone
else’s expense! Everybody’s paying for the wall street QE/frauds/froth! Huge
unaffordable debt increases to mask the obama failure. Threats by the niggers
to step up their already substantial violence against whites and riot if no
obama ‘re-election’ … that’s terrorism! Unprecedented domestic terrorism! Then
the widespread, documented voter fraud favoring obama … not a peep from the
‘status-quo, don’t rock the boat, happy to be there’ republicans. Why bail out
wobama? Nothing will be solved by satisficing here! This last minute cramdown
is what they’ve opted for by unreasonable, unaffordable, politically motivated
intransigence! The nation’s broke! The niggers are pulling down their
unaffordable freebies like never before. The extended unemployment benefits are
so rich, who’d ever want to work? Time to say no to the niggers! A bit of
intestinal fortitude required! F**k wobama, and f**k the niggers and their
self-loathing buddies! Selective, rationally strategic ‘undoing’ of various
‘fiscal cliff’ unpleasantries can be undone after the fact of the ‘obama 4
years in the making failure’ with sound, rational thought consonant with
reality. F**k wobama, f**k the niggers and their self-loathing buddies! Want to
blame someone, blame wobama the unequivocal failure. Time to call a spade a
spade! Time to pay the piper!
Pay
Raise for Biden, Members of Congress, Federal Workers...
Under
wobama, for every $7 brought in by gov't, $11 spent...
The Real Obama Budget Deficit
For 2011: 5 Trillion Dollars
http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S.
Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse
than Greece’s News (CNN) — ‘Our government is utterly
broke. There are signs everywhere one looks…The government’s total indebtedness
is $211 trillion ’ … )
Spending
to Increase 55% Under Obama's Plan...
Gov't
announces GM 'exit strategy' ... taxpayers to lose billions! 50%
Loss!
Obama:
Biggest mistake too much perspiration, not enough inspiration [What total b***s***!] { Biggest mistake:
too much b***s***, not enough substance; that’s reality, not spin! } White
House on weak jobs report: Don’t ‘read too much’ into it Olivier Knox, Yahoo! News { Riiiiight! Sounds like a plan! After all,
wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having
done anything of substance in his entire life. Indeed, even his so-called
‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced
fantasies which reveal a psychogenic/dissociative amnesia that works well in
the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign
trail’ littered with the cowpies of stark reality. People owe themselves and
their children more than this grifter’s con which in numbers measures more than
the increased deficits of all the presidents since President General Eisenhower
combined to obfuscate his unequivocal failure. http://albertpeia.com/10waysobamakillingjobsinamerica.htm } Obama Asks People Getting Married To Forgo Gifts... Donate To His Campaign Instead... … For those who put
their trust in proven failure wobama, all they have to show for such misplaced
trust are broken campaign promises, now insurmountable record deficit spending
exceeding all the presidents since Eisenhower combined to obfuscate what
clearly has been wobama’s unequivocal failure. ]Will accept your birthday or anniversary gifts,
too...
IF IT WAS ONLY ONE THING ABOUT WOBAMA THAT
MAKES HIM SO WRONG. YET, IT’S A MULTITUDE OF REALITIES; FROM INVARIABLY BROKEN
CAMPAIGN PROMISES ( Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins
Oscar for Documentary on the unprosecuted massive extant fraud in the (many)
TRILLIONS by the frauds on wall street ( and declares with oscar in hand that
not one high level wall street exec has been prosecuted … despite ‘earning’
billions from the fraud ) Cases against Wall Street lag
despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. ‘ THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , etc.) , TO VERY REAL BIRTH ISSUES (WHAT PERSON FAILS TO
GET THEIR PLACE OF BIRTH CORRECT – THE FRAUDULENT WOBAMA KIND http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ) , TO THE CURRENT OBFUSCATING FRAUD, Obama's Five Trillion Dollar
Lie http://albertpeia.com/obamas5trilliondollarlie.htm { the economy is already in depression in real terms when taking into account real
inflation numbers. Financial Crisis Phase II Is
Ahead at Forbes Bert Dohmen ‘ In late 2007, I
wrote the book Prelude To Meltdown , predicting the
global crisis that occurred the following year. I now see a similar
confluence of events .. “the new recession has started.”… Over the past 33
years, we have called the start of every recession..Currently, the GDP deflator
is 1.8%, which hardly reflects the true rise in prices. Therefore, what is
counted as “growth,” is actually price increases. Actual inflation..is now more
than 11%. Using that to adjust GDP for inflation, would show that the economy
is now in a very sharp contraction…’ } , WOBAMA ET ALS’ DISINGENUOUS ATTACKS AGAINST ROMNEY
ON WHAT WAS PRIZED AND LAUDED AS LEGAL, COMPETENT MANAGEMENT INCREASING
SHAREHOLDER WEALTH (THE TASK OF COMPETENT MANAGEMENT) IN THOSE BLOATED,
NON-COMPETITIVE TIMES CONTRASTED WITH WOBAMA’S UNPRECEDENTED FURTHER
BANKRUPTING OF THE NATION AND INDISPUTABLE FAILURE AS PRESIDENT ( Obama's Legacy: A Failed Recovery & Double-Dip
Recession Forbes /
Mariotti ‘…There will be
no significant recovery in the United States of America while Barack Obama is
President. The evidence is overwhelming: everything Obama has tried
to fuel a recovery (with his Democratic allies in Congress) has failed.
Statistics claiming jobs saved by the stimulus package were mostly fiction, and
cost American taxpayers about $275,000 each. Nearly 2-1/2 million fewer
Americans have jobs than before the stimulus. Barack Obama has been President
for 30 months—2-1/2 years. He spent the first year obsessed with passing Obamacare,
a program that doesn’t create jobs, but might destroy a lot of them. He
“bailed out” GM, but many believe that his interference didn’t save GM; it
merely cost taxpayers an extra $15-20 billion, and stole from legitimate
investors to buy off the UAW. His broken campaign promises are too
numerous to list…’). IT IS NOTHING SHORT OF TRAGEDY TO SEE PEOPLE DELUDE AND
MAKE FOOLS OF THEMSELVES IN SUPPORT OF JIVE-TALKING GRIFTER/CON-MAN OBAMA
Executives
at collapsed Iceland bank jailed for fraud
Reuters | Two former executives at an Icelandic bank which
collapsed in the 2008 financial meltdown were sentenced to jail. { This is
something that hasn’t happened in pervasively corrupt, defacto bankrupt america
except for those few ‘not too big to fail or jail’! Everyone’s still paying for
those gargantuan, bailed out, hidden (legislated FASB rule change) wall street
frauds still extant and cashed out by the perps. }
India reports 25 rapes in week following
Delhi gangrape IBNLive { See, as per the californication amerikan
jurisprudential scholar/jurist/judge, these 25 girls may not have realized it,
but, they really wanted it … you know, otherwise, as per the californication
jurisprudential scholar/jurist/judge these subconsciously consensual encounters
could not have happened because the body would ‘just say no’ to such liasons if
nonconsensual. There you go! … american jurisprudence has done it again as they
guide us through those dark, shadowy, murky areas of the law that would
otherwise label violent criminal rapists as violent criminal rapists. (We’re talking India here; but, violent rape
among a plethora of other substantial crimes including murder, huge protected
ie., wall street, etc., frauds, armed robberies, etc., are rampant in
pervasively corrupt, defacto bankrupt america.) India gang-rape suspects to face murder
charges (CBS/AP) NEW DELHI - Indian police charged six men with
murder on Saturday, hours after a woman who was gang-raped and beaten on a bus
in New Delhi nearly two weeks ago died in a Singapore hospital. { Clearly, says
the california-american jurist/jurisprudential scholar, this girl was not a
victim but really ‘wanted it’ and while she may have been screaming/saying ‘no’,
she really meant ‘yes’ since otherwise her body wouldn’t have permitted that
rape (and beating) to happen. See … now that’s why we have professionally
educated/trained judges … to ‘split the pubic hairs’, so to speak … (that judge
should be forced to step down)} Calif. judge says a victims' bodies can
prevent rape CBS News SANTA ANA, Calif. A Southern California judge is being publicly admonished
for saying a rape victim "didn't put up a fight" during her assault
and that if someone doesn't want sexual intercourse, the body "will not
permit that to happen.” { Wow! Spoken like a true california american jurist.
Well, with violent rapes on the rise along with other serious violent among
other crimes in america and california particularly, and elections being what
they are, ‘might as well go with the flow’ might have been the ratio-decedendi.
After all, most violent criminals in america are closet pacifists/peace corp
members and if the body says yes or no but the mind subconsciously says yes,
only then will a rape happen (NOT!); and, no violent rapist would let a
LIVE/CONSCIOUS rape-resistor get in the way of implicit consensual rape. Wow! I
initially was going to quip, ‘he doesn’t get out much’; but, maybe he just
‘gets out too much’. Wow! What more can anyone say! [ If the foregoing didn’t
make sense to you, that’s because the californication judge’s outrageous
statement is absolutely preposterous! ] }
Dave’s Daily: http://www.etfdigest.com ‘FRUSTRATION WITH FISCAL CLIFF 12-28-12
“I don’t have to tell you things are bad. Everybody knows
things are bad. It’s a depression. Everybody’s out of work or scared of losing
their job. The dollar buys a nickel’s worth. Banks are going bust. We know
things are bad. Worse than bad. They’re crazy. It’s like everything everywhere is going crazy so we
don’t go out anymore. We sit in a house as slowly the world we’re living in is
getting smaller and all we say is, ‘Please, at least leave us alone in our
living rooms.’ Things have got to change my friends. You’ve got to get mad.
You’ve got to say, “I’m as mad as hell and I’m not going to take this anymore!”
Howard Beale (Peter Finch: Network 1976)
Things haven’t
changed much since 1976 have they? Only the names, faces and circumstances have
changed. Americans are still getting the shaft, but this condition is routinely
self-inflicted. We’ve made a mockery of the presidency, congress and markets.
We know little about civics, the constitution and bill of rights, history,
economics, science, literature and economics. We care more about toys and
Hollywood distractions since critical thinking is just too hard . But I digress. Meanwhile the fiscal cliff sideshow and
accompanying rumor driven algo / HFT trading dominates trading.
Most Americans don’t even know what the fiscal cliff is – they just know it’s
bad. The slip in Consumer Confidence to 65 from 74 reflected fear Thursday.
Last week alone investors jammed $80 billion into bank CDs. I’ve been avoiding commenting and even
took a brief holiday in NYC for Christmas as HFT / algo driven volatility was to be
expected this week. And this is what the HAL 9000s delivered. These programs
alone have driven many investors out of markets. I hope the NYSE and other
proponents of this activity are satisfied with the results.The Chicago PMI was
only superficially higher (51 vs 51 expected & prior 50.4). But within the
data the employment reading was -55.2 vs -45.9 previously—a hiring freeze.
Pending Home Sales were in line with estimates (1.7% vs 1.8% expected &
prior 5.2%). Again rumors
and trial balloons are being launched. What to expect this weekend? A
mini-deal, an extension to buy some time (always a first choice), or a deal that fixes nothing? There are many
possibilities and all the volatility will sell soap for the media and that’s
about it. We’re rather
well-prepared for trouble if not opportunity. We raised nearly 55% in cash two
weeks ago with only 25% in stocks and the balance in the income space. We can
deal with this one way or another. Monday is scheduled to be a full trading day and one would suppose
vacations will be cut short making New Years Day and Wednesday a tough go for
partiers. Stocks fell
sharply and even more so after the close dropping 28 S&P points (see chart
below). Volume was
spiked as news was leaked Obama wouldn’t offer any new compromise. Breadth
continues to be negative per the WSJ…’
http://thetruthwins.com
http://albertpeia.com/youmighthateamericaif.htm
The Fiscal Cliff Diversion
American
Thinker | The US economy is already over the fiscal cliff and falling at an
increasing rate.
Government
Dependents Outnumber Those With Private Sector Jobs In 11 U.S. States
Economic
Collapse | America is rapidly becoming a nation of takers.
Chicago reaches 500 homicides with fatal shooting AP
India gang-rape suspects to face murder
charges (CBS/AP) NEW DELHI -
Indian police charged six men with murder on Saturday, hours after a woman who
was gang-raped and beaten on a bus in New Delhi nearly two weeks ago died in a
Singapore hospital. { Clearly, says the california-american
jurist/jurisprudential scholar, this girl was not a victim but really ‘wanted
it’ and while she may have been screaming/saying ‘no’, she really meant ‘yes’
since otherwise her body wouldn’t have permitted that rape (and beating) to
happen. See … now that’s why we have professionally educated/trained judges …
to ‘split the pubic hairs’, so to speak … (that judge should be forced to step
down)} Calif. judge says a victims' bodies can
prevent rape CBS News SANTA ANA, Calif. A Southern California judge is being
publicly admonished for saying a rape victim "didn't put up a fight"
during her assault and that if someone doesn't want sexual intercourse, the
body "will not permit that to happen.” { Wow! Spoken like a true
california american jurist. Well, with violent rapes on the rise along with
other serious violent among other crimes in america and california
particularly, and elections being what they are, ‘might as well go with the
flow’ might have been the ratio-decedendi. After all, most violent criminals in
america are closet pacifists/peace corp members and if the body says yes or no
but the mind subconsciously says yes, only then will a rape happen (NOT!); and,
no violent rapist would let a LIVE/CONSCIOUS rape-resistor get in the way of
implicit consensual rape. Wow! I initially was going to quip, ‘he doesn’t get
out much’; but, maybe he just ‘gets out too much’. Wow! What more can anyone
say! [ If the foregoing didn’t make sense to you, that’s because the
californication judge’s outrageous statement is absolutely preposterous! ] }
http://albertpeia.com/moretakersthanmakers.htm
http://albertpeia.com/screwturnsagainstus.htm
It’s
Not a “Fiscal Cliff” … It’s the Descent Into Lawlessness
Posted by: George Washington
Post date: 12/24/2012
It’s Not a Tax or Spending Problem … It’s a Devolution Into Lawlessness
http://albertpeia.com/americasdescentintolawlessness.htm
{ That’s
certainly been my direct experience; and I’ve been warning and ‘yelling from
the rooftops’. Nobody listened! Now it’s time to pay the piper! : Chief Justice John Roberts
Bowed To Political Pressure And Changed His Vote On Obamacare http://albertpeia.com/nolegalsystem.htm { The unfortunate reality is what I’ve
alluded to in the context of my own direct experience; viz., america’s ‘legal
system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws
to apply pressure, etc., and essentially run by the inmates of this collective
criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm
EPITAPH FOR AMERICA: Nothing quite succeeds
like failure in america. I had tried to help underdog (and outsider and former
missionary and hard worker and straight shooter) Mitt Romney by coming out
early and unequivocally in support of him and change in the disastrous
direction of america, unequivocally in decline. Importantly, that also gave me
'license' to say what needed saying but what everyone considers politically
incorrect, impolitic, or brutally honest and/but are afraid to say. The key(s)
to the election debacle here were the threat of riots and violence by the
typical uncivilized niggers. After all, americans generally are without doubt
an inherently cowardly people and war-mongering bullies as indicated by past
and recent history. I saw this first hand by particularly that screaming old lady
lying on the ground, blood streaming from her mouth, purse stolen by the nigger
who calmly walked away as whites among others walked, passed her by in fear
(see immediately infra). Truth be told, I bit my tongue and cringed at every
Romney link to corrupt, venal war criminals/criminals/mobsters bushes, cheney,
trump, kean, (republicans alito, et als) etc., who have substantially damaged
me (along with referenced democrats, to be fair). Then there's that
contra-indicated love-fest with war mongering/war crimes nation, illegal nuke
totin' israel (almost more than I could bear). On the positive side, trusting
in GOD only as I do, I must confess I was happy to see the destruction of the
jersey shore and appropriately, rockaway beach, queens, new york (jersey mob
and gambino crime family connection). A lesson to all, Romney particularly,
never trust a half-breed sicilian former federal government slug; that rotund
humpty dumpty christie of jersey infamy. Amazingly, the very people who've been
and will prospectively be damaged by nothing more than a mentally troubled
fraud, grifter, jive-talking b***s***/con artist obama, gave him the blind
support he needed to prevail regardless of his unequivocally failed four years
of prior broken campaign promises, reality, and rationality. Self-destructive,
mentally challenged/troubled losers? That fits! That america is a hopelessly
failed, bankrupt nation in decline, there is no question!
MSNBC
Yet Again Implies Criticism of Obama Is Racist Paul Joseph Watson | General
Electric-owned (49%) network is earning its federal bailout money. [Yet, it's
holder / wobama who're the racists ... Robinson: King's dream remains
unrealized (Washington Post) [ Yeah! That 'content of their character' thing's
a b***ch to live up to ... just don't measure up! What's a white person to do,
especially when black atty. General Holder with fellow black Obama's tacit
approval is racist himself (themselves) UPDATE: MORE CLAIMS OF RACE BIAS AT
JUSTICE...'ignore cases that involve black defendants and white victims '.
Drudgereport: 'Mob' beatings at WI state fair... 'Hundreds of young black
people beating white people'... [ Typical ... ] Fairgoers 'pulled out of
cars'... 'They were just going after white people'... Heightened security... http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly
but not exclusively jews / romans-italians / mobsters / government slugs). http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/fbimartinezcongallard.htm
]
Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke (a must read) | Vast numbers of people across the world, including many
who should know better, have been duped by the mind-game called Operation
Obama... (excerpts) Obama has been the chosen one for a long time, a fact known
only to a few in the deep inner circle, and his relationship with Brzezinski
almost certainly goes back to the start of the 1980s when he attended the Ivy
League, and big-time Illuminati, Columbia University where Brzezinski was head
of the Institute for Communist Affairs. Obama simply will not talk in any
detail about this period. He has been covertly funded and supported ever since
by the Trilateral Commission and its network of foundations connecting into the
Ford Foundation, for whom Obama's mother worked. And a question: Does anyone
really believe that someone, a 'man of the people', would simply appear from
apparently nowhere to run the slickest and best-funded presidential campaign in
American history? He was chosen long ago by those who wish to enslave the very
people that Obama says he wants to 'set free'. The sources of Obama funding
read like a Wall Street Who's Who - Goldman Sachs, UBS, Citigroup, Credit
Suisse, Deutsche Bank, J.P. Morgan Chase, Morgan Stanley, and so on. No wonder
he went back on his pledge to accept the limitations of public funding for his
campaign and instead took the no-limit option of 'private fundingThen there is
the Jewish financier, George Soros, the multi-billionaire associate of
Brzezinski and closely involved with the funding and marketing of Obama. Soros
is a former board member of the Illuminati's Council on Foreign Relations and
funds the European Council on Foreign Relations. In short, he is a major
insider' You can certainly see the Soros/Brzezinski techniques in the Obama
'revolution' in the United States. It was the complex and secretive network of
Soros foundations and organisations, connected to the intelligence agencies of
the US and Israel, that trained and funded students in the Ukraine, Georgia and
elsewhere in the art of mass protest and overthrowing governments. These
manufactured protests were sold to the world as peoples' revolutions, but it
just so happened that when they were over and the old regime was removed the
new leaders were those waiting in the wings all along - the puppets of Soros,
Brzezinski and their associated networks. Obama is just more of the same, a big
smile with strings attached, and controlled completely by the Illuminati
networks that chose him, trained him, sold him and provided his record funding.
It was they who kept his many skeletons under wraps, like the gay sex and crack
cocaine allegations of Larry Sinclair (from affidavit: 1. Who is Ron Allen that
claims to be with your Presidential camp, who is alleged to claim that someone
claiming to represent me called asking for $100,000, to keep me from coming
forward about our (Obama and I) November 1999 encounter of sex and cocaine
use?), and they will continue to do so as long as he jumps to their bidding.
Obama is just another Banksters' moll prostituting himself for fame and power,
and that's why he supported the grotesque bail-out of the banking system and
why he will always put their interests before the people. His financial
advisors are straight from the Wall Street 'A' list, including Paul Adolph
Volker (Trilateral Commission, Council on Foreign Relations, Bilderberg Group),
the head of the Federal Reserve from 1979 to 1987 and Illuminati to his
fingertips. Obama has made him head of the Economic Recovery Advisory Board,
which is dominated by insiders, including its staff director and chief
economist, Austan Goolsbee, a close Obama associate from the University of
Chicago. Goolsbee is an initiate of the infamous Illuminati Skull and Bones
Society at Yale University, which also includes Boy and Father Bush. It was
Goolsbee who told the Canadian government not to worry about Obama's attacks on
the economic effects of free trade agreements because his words were just to
win votes in the election campaign. Another Wall Street insider, the Zionist
Timothy Geithner (Bilderberg Group, Trilateral Commission, Council on Foreign
Relations), was appointed by Obama to be his Treasury Secretary. Geithner was
the President of the New York Federal Reserve Bank, the most powerful in the
private Federal Reserve cartel that masquerades as America's central bank, and
he is a former employee of both the Council on Foreign Relations and the
appalling Kissinger Associates. Obama's Treasury team locks into the inner
circle around the Zionist Robert Rubin, the Director and Senior Counselor of
Citigroup, co-chairman of the Council on Foreign Relations, and economic
advisor to Obama. Rubin, a member of the Illuminati Bilderberg Group, was the
man behind Citigroup's strategy of expanding its risk in debt markets which
forced it to be rescued by taxpayers' money. The very people who caused the
financial crisis are being appointed by Obama to decide how to respond to it
(more taxpayers' money for them and their friends)
Lakers
hire Mike D’Antoni as coach, passing on Phil Jackson Phil Jackson was “asking for the moon,”
according to a source familiar with the situation. Mike D'Antoni's Lakers
contract is three guaranteed years at $12 million { Phil was just being nice. He certainly doesn ’t need the money;
and, I must say, I would have lost a lot of respect for him had he done a deal
with them. After all, given all he’d done for the lakers, the way they (ie.,
jerry west bad mouthed him, ie., lifestyle, beliefs, choice of location, etc.)
bad mouthed him, I personally would have told them to go f*** themselves [ I
essentially did as much with my two
largest jersey clients who asked that I return to representing them after the
‘split’ with them, which would have meant long-term mob ‘affiliation’ (and as
per their thinking/protocol an ‘obligation’), albeit tacitly; although I must
say I hadn’t anticipated fully the pervasive clout of the mob in jersey and
infiltration of the equally corrupt federal system there and elsewhere and the
dire consequences they contrived for me thereafter- la/ca better, but not much-
and, though California was deservingly rated lowest recently among all places
in the states to live, Malibu excepted, I would put jersey lower than
california; and, prospectively, there’s disaster in a big way
rivaling/exceeding jersey shore/rockaway beach queens new york in proportion
‘a-coming’. ] You can’t take it with you. In the end, all you really have is
your spirit, dignity/integrity, self-respect, all of which are sorely lacking
in america generally, and california/new jersey/new york/connecticut/virginia
especially. The recent ‘election’ also confirms this very american trend of
corruption, decline, and abject failure. Phil Jackson will always be a winner,
a champion! }
FACEBOOK RESPONSE:
Bob: I'm 100% behind law enforcement in
their ever more increasingly difficult task of law enforcement, in this ever
more lawless nation, particularly in meaningfully lawless new jersey.
Unfortunately, when I went to vote, I was asked to grant facebook broad
'authority' which as a matter of internet policy (to prevent a multitude of
problems, hacking, etc.) I don't do (facebook's very politicized in a
pro-wobama way and hooked into those goldman frauds et als, on fraudulent wall
street). Since wobama people do it, you can put in an extra vote on my behalf.
I'm currently stonewalled awaiting a formal reply from the fbi inasmuch as I
must account for my time wherever I ultimately locate. Below is some recent
posted commentary and a response to Congresswoman Roybal-Allard as per her
request (I did not receive a reply from Sen. Feinstein regarding the aforesaid
matters). Hope you and your family are well.
Regards,
Al
Dianne Feinstein: No need to debate Republican opponent... http://albertpeia.com/selfdefense.htm [ One
thing is certain from my own direct experience { The
unfortunate reality is what I’ve alluded to in the context of my own direct
experience; viz., america’s ‘legal system’ is an illegal system used to
cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and
essentially run by the inmates of this collective criminal entity called
america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm } ; despite
enormous amounts of taxpayer money poured into the ‘federal system’, there’s
relatively/proportionately very little real significant results (an example
would be the brutalizing of Martha Stewart over a $45 thousand transaction
while wall street frauds in the trillions by the biggest players have gone
unprosecuted). I believe reasonable diligence requires self-reliance more than
ever before in this nation’s history; particularly when political correctness
in some states prevents calling a spade a spade to the substantial detriment of
law enforcement! ]
The Keynesian (economic)
approach, if ever a wise prescription for ‘economic doldrums’, euphemistically
speaking (there are articles/studies/data that dispute the purported
effectiveness of the widely hailed ‘Keynesian remedy’ during the prior great
depression), the ‘Keynesian way’ is certainly no longer a prudent approach
today in light of the insurmountable debt levels of nations worldwide and in
america particularly along with the concomitant over-printed, debased ‘paper
currencies’ to finance same. Quite simply, there simply is not enough real
value being created for redistribution, a situation exacerbated by the
parasitic lightening fast, computerized churn and earn high frequency trading
programs on fraudulent wall street (they should be prosecuted, jailed, fined,
and disgorgement imposed for extant frauds in the trillions now marked to
anything as per misguided legislated FASB rule change). [ America’s
debt woe is worse than Greece’s News (CNN) — ‘Our government is
utterly broke …The government’s total indebtedness is $211 trillion ’. 43,454,601,693,238 Reasons Why
The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17, 2011 http://www.economist.com/content/global_debt_clock ] .This is the consequence of a structural shift
fed by greed and misguided policy and cannot be undone (transfer of productive
capacity to ie., China, etc., ‘the bell cannot be unrung’). That said which
militates against such an extension, this is an election year which
probabilities suggest makes highly likely the passage of the extension. I favor
your co-sponsored legislation and before the holidays simply in the name and
spirit of Christmas and for no other reason whatsoever. Below is a recent
comment to Opinion Writer Krauthammer’s ‘more war spending (Keynesian)
position’ and an article regarding the folly of same. Immediately following is
from my prior post to you concerning something of such manageable proportion
and well within the government’s ability to resolve (if the government can’t
accomplish this consistent with law and long overdue, then there isn’t anything
the government can accomplish), along with other comments to you for ease of
reference:
‘…As previously noted in a
prior message to you, I had previously spoken to FBI Agent Bill Lewis in
Washington who was recently promoted to the FBI Headquarters Office (D.C.) from
the FBI office here in LA, and who was to be out of the office for the two
weeks past. I’ll be contacting him given a reasonable time for him to ‘catch
up’, from being out of the office. While independent contractor richard coan is
ultimately the one to bear the burden of damages (there’s insurance and a
surety covering same), coan might allude to the prior default of the u.s.
government (assist. u.s. atty. robert i. lester miscounted / miscalculated the
time for filing an answer / response to the complaint upon service thereof,
also misstating the rule in open court before corrupt judge matz who
‘schmoozed’ things over (they both have the same employer), however incorrectly
according to the ‘law’. I ordered / bought a copy of the transcript of that
rather pathetic proceeding (posted in part on my website). In any event,
regardless who pays me, the amounts so paid would ultimately be recovered from
coan, his insurer/surety which amounts might even exceed the amount I’m willing
to settle at. [There is also a judgment (referenced in the correspondence to
FBI ADIC Martinez infra) that had been entered in my favor in the case, United
States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth
approximately now in excess of $300,000 remains unaccounted for and which would
benefit Los Angeles, etc.; and then, of course as well, the substantial
damages. ] I’ve waited far too long for this matter to resolve, what should
have been resolved in accordance with clear law long ago; and, which would have
been resolved if not for typical u.s. corruption in the process; and, which is
well within the government’s ability to resolve. In my world and way of
thinking, results do count! I’ve included prior correspondence for ease of
reference…’
Sincerely,
Albert L. Peia
America also
leads in the illegal drug trade. In fact, many researchers reveal that
the war on drugs is only utilized to control and monopolize the illicit
drug trade. The US government has been caught multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now openly protects and transports opium from Afghanistan [ http://www.youtube.com/watch?v=ElEciFI0Pew ] . In fact, Global Research points out that in 2001, “according to UN
figures, opium production had fallen to 185 tons. Immediately following the
October 2001 US led invasion, production increased dramatically, regaining its
historical levels.” This month, the U.N. announced that Afghanistan now provides 93% of the
world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons. Although the
empire tries to keep it secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm
Drug war hypocrisy: drug
trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is
centers on the amount of drug trafficking that benefits the CIA and
international banking system. Natural News February 1,
2012 [ [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the
amount of drug trafficking that benefits the CIA and international banking
system. The son of a convicted notorious mobster, John Gotti Jr, when asked in
court if the family still dealt drugs cracked, “No, we can’t compete with the
government.”
Guest Post: The West Has Just
Become A Giant Banana Republic
ZeroHedge.com by Tyler Durden { Yeah! This really is too true for words!
It’s been my direct experience for quite some time now and is quite a pathetic
scenario! } Legal precedent means nothing. Rule of law means nothing.
Free speech means nothing. Their own treaties mean nothing. It’s
unbelievable. Anyone in the west who honestly thinks he’s still living in
a free society is either a fool or completely out of touch. If that seems
too radical an idea, consider that ECUADOR is now the only nation which
stands to defend freedom and human rights against an assault from the
United States, the United Kingdom, and their spineless allies. The west
has just become a giant banana republic. Have you hit your breaking point
yet? If not now… when? { { I’m really
constrained to interject my own direct experience with the FBI here; and, I
must say I do so lamentably. If you want no real results vis-ŕ-vis organized
crime which now extends to the upper reaches, highest levels of the corrupt
u.s. government, go to the FBI. I discounted the new jersey FBI as just typical
corrupt, mob infested jersey which thinks in terms of discos/casinos. But,
truth be told, they never ask the ‘tough’ questions of the biggest criminals;
ie., the biggest wall street frauds, cia connected illegal ‘drug ops’
(ops…riiiiight), federal judges ie., trump barry, shiff, alito, etc.; but, they
did go after Martha Stewart in a very big way over a $45,000 transaction. Wow!
You can’t make this stuff up. I also don’t believe their (understated) crime
stats for even a second. I’m beginning to feel foolish for having even put my
full faith and trust in them, much less the ‘federal (judicial) system’ who
share the ‘same employer’; and, despite my antipathy for the mob, probably
would have fared ‘more fairly’ with the mobsters directly who seem to have at
least some sense of the magnitude of the fraud involved and the pervasive
corruption of the system and government and maybe a semblance of honor in this
nation of protracted decline. It never would have occurred to me back when for
me, such a choice/decision was clear-cut and simple. Such a course as mine I no
longer could recommend inasmuch as there is little difference between
state/government sponsored crime/corruption and that perpetrated by other
criminal elements, from my direct experience with both, infra: Debauchery: An American
specialty In the land of Lindsay Lohan and Snooki, some federal
workers reflect our culture all too well. (Washington Post) [ Lindsay Lohan?
Come on Mr. Milbank, hands off the low hanging fruit. She’s totally harmless.
Jersey ‘italian’ snooki? In mob infested new jersey, who knows (one of the
properties in my proceedings for which surplus funds are unaccounted for was a
top floor balconied 2 bedroom 1 and 1/2 bath condominium (beach/boardwalk front
w/indoor pool/sauna) in seaside heights, n.j. –10-31-12 Post Sandy: I’m
wondering if it’s still there. ). But debauchery an american specialty? Another
rare instance wherein I agree with Mr. Milbank completely. 25 Signs That America Is A
Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics
held close to vest EXCLUSIVE | Documents and interviews show FBI and
Justice Department officials took steps to control information uncovered by a
task force designed to examine cases involving discredited agents. Many
defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington
Post) [ Well, I really have to say this. I’m awaiting word from the FBI as to resolution,
one way or the other, concerning the RICO matters which have been
systematically and corruptly covered up by the government (executive,
legislative, and judicial branches of the pervasively corrupt, defacto bankrupt
u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . Never in my
wildest dreams would I have believed the level and extent of corruption and
criminality within the ranks of the u.s. government before embarking upon this
costly quest for justice and simple fairness consistent with clear law (infra,
regarding the u.s. government’s direct involvement in the illegal drug trade).
In this civil RICO matter, there are no innocent bystanders; but rather,
perpetrators, accomplices, and co-conspirators. When the fbi agent initially
assigned to this matter (Connecticut) abruptly resigned/retired shortly after a
conversation, though not central to my case, wherein I had said that rudy
giuliani’s father had been an (convicted) enforcer for the mob (served 12
years? in prison, aggravated assault/manslaughter?) and then sent him
documentation owing to his disbelief. Though ultimately ineffectual vis-ŕ-vis
my case, he was a likeable guy for whom I had and still have regard. I then
spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who
somewhat plaintively (‘my call being a burden’) told me that ‘he was a Ford,
and I was a Ferrari’, which he didn’t explain further. Could anyone tell me
what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an
FBI Agent who sarcastically asked me whether I was ‘going to the disco that
night’ (the documents including sworn statements delivered to then u.s.
attorney sam alito’s office in the same building disappeared twice along with
the initial assistant u.s. attorney Jonathan Lacey with whom I had reviewed the
documentary evidence, documents and their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf .
We all can infer sam alito’s reward / quid pro quo for his cover-up by his
current position on the u.s. supreme court. There was never a
question as to maryanne trump barry’s interest in corrupting the judicial process
as related to her brother’s (trump) casinos. Jersey city boy louis freeh,
labeled by former Prosecutor Larry Klayman as the most corrupt FBI director
ever (see infra, mueller seems no different, and certainly holder’s impeachable
actions and corrupt behavior/cover-ups fit the mold, ie., fast and furious,
race bias favoring blacks, etc.) apparently covered up the RICO violations as
sent to him, and, with italian citizenship and lucrative insider deals fits the
bill. The FBI Agent Jeff Hayes of the Long Beach Office with whom I reviewed
the RICO documents and confirmed same as indicative of (drug) money laundering
was transferred shortly after meeting with him, as has been so of FBI Agent
Bill Lewis (promoted to Washington FBI headquarters) with whom I discussed the
RICO matter and case disks/dvd’s sent to the LA FBI office (they printed the
documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here in Los
Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to believe
it based on my own experience and reasonable inference. I’m currently being
‘stonewalled’ by the LA FBI office since the departure of FBI Agent Bill
Lewis. }
December 23, 2012
http://gainspainscapital.com
http://albertpeia.com/helicopterbenafraidof2013.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/agenda21ramdown.htm
http://endoftheamericandream.com
http://albertpeia.com/25factsmainstreammediahides.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/americasgoodbyetogoodlife.htm
http://albertpeia.com/75terribleeconomicnumbersof2012.htm
http://albertpeia.com/fiscalclifffailure.htm
http://albertpeia.com/needtoknow.htm
‘ The
markets in Europe continue to rally hard despite the fact that Europe’s
financial system is totally insolvent…’
http://albertpeia.com/20signsuspovertyexplosionhittingyoung.htm
http://albertpeia.com/2dummiesinovertheirheads.htm { A
Market Gone Vertically Wild ZH It seems
wherever you look today, markets are going vertical. Whether its Citi and BofA
+15% for December, Gold and Silver cliff-diving today, WTI crude surging in a
v-shaped recovery or EURUSD and S&P 500 futures ramping in the most
wonderfully linear manner - the market has gone a little wild today... { We’ve seen airball / balloon markets like
this before … always end badly … total fraud and b***s***! Not one thing
proposed does anything to change the fact that america is unequivocally broke!
They must have bought off the rating agencies. After all, none of what they’re
proposing, fiscal cliff and otherwise, does anything to change the nation’s
dire fiscal position. The spending cuts are woefully inadequate. In fact, I
believe one must reasonably infer that the rating agencies presumed a deficit
reduct package that would at least be of a magnitude rivaling the automatic,
fiscal cliff cuts. The reality is that even those cuts would fall short of that
necessary to get defacto bankrupt america’s fiscal house in order. Make no mistake, wobama, helicopter ben, the
government are well aware of the real, substantial inflationary impacts of
their wall street welfare QE; and hence, are attempting to shift that burden to
retirees/social security recipients. The lull before the storm/crash! } BOEHNER ADOPTS PELOSI PLAN...
December 18, 2012 http://gainspainscapital.com
http://albertpeia.com/whycontraindicatedqe4.htm
Better watch out: Insiders are selling Marketwatch
Why isn’t Obama demanding corporate welfare cuts? Marketwatch
Why a recession is coming no matter what fiscal-cliff deal is
reached Marketwatch
http://endoftheamericandream.com
http://albertpeia.com/ringoffirewaking.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/americansocietycrumbling.htm
December 16, 2012 http://gainspainscapital.com
http://albertpeia.com/bad2013.htm
http://endoftheamericandream.com
http://albertpeia.com/2000americanchildrenmurderedeachday.htm
http://thetruthwins.com
http://albertpeia.com/crazythingssaidofgunowners.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/22statswhatswrongyoungamericanmen.htm
Submitted by Tyler
Durden on 12/17/2012
In what is likely the fist major under
the radar profit warning of the current quarter, GE chief, and Obama Job Tzar,
Jeff Immelt warned during GE's annual outlook meeting held earlier in Manhattan
that the "economic uncertainty" in the current quarter has resulted
in an investment "pause" that has resulted in a slowdown of corporate
sales. Put into numbers, GE is now calling for about 8% growth this year, from
a 10% forecast barely two months ago. Read: Q4 sales, and thus earnings, are
set to be a major disappointment. And while no superstorms were blamed in this
particular sales warning, the fiscal cliff did feature prominently. As the WSJ
reports , "[Immelt] said ongoing jitters over the so-called "fiscal
cliff" of tax increases and government spending cuts contributed to the
trend." Then again, it is just as likely that the tapped out US consumer,
whose savings rate is tumbling, whose real disposable income is now declining
on a year over year basis, and whose real wage growth is decidedly negative,
would be tapped out even if Obama and Boehner were not playing constant cat and
mouse. But whatever the reason for the slowdown may be, one thing is certain:
"Clearly, there has been an investment pause in certain industries,"
Mr. Immelt said. "We've definitely seen a slowdown in the fourth
quarter." Bring on the spin brigade.
State
Communism's Newest (public) Advocate: Jeff Immelt Posted by: CrownThomas
Post date: 12/17/2012 - "the one thing
that actually works, you know, state run communism may not be your cup of tea,
but their government works. They have five-year plans" { Riiiiight, jeff … their government works
for … their government … everyone’s equal, but some, ie., 1 party members, are
more equal than others; which, is essentially what we have anyway with our faux
2-party system (no real difference, actually; indeed, ie., the contraindicated,
inflationary QE is a welfare program for the wealthy frauds on wall street and
paid for by everyone for their benefit and party members among others in
Washington, primarily). Actually, GE has been a ‘connected government
enterprise’ for quite some time. Indeed, as a point of fact, I drove down to
D.C. for what was to be my first patent filing some decades ago. No sooner had
I entered ‘Washington, D.C. proper’, I was stopped on the highway by (I think)
Washington, D.C. police. After they checked, ran my ID, license, etc.., they
said follow us … so I did. Then, after parking, walking toward the ‘patent
building/address’, I was approached by a man who identified himself as a GE
employee who asked (he probably already knew) where I was going and volunteered
to show me the way (which he did). The veiled message was clear (previous times
I had gone to D.C. on business, ie., Williams & Connolly firm, Acacia Life
Insurance Co., and flown, and had no such similar experience). Guest Post: The Audacity of
Bonuses At MF Global Durden In the spirit
of George Orwell’s Animal Farm commandment: “all animals are equal,
but some animals are more equal then others” comes the galling news that
bankruptcy trustee, Louis Freeh, could approve the defunct, MF Global to pay
bonuses to certain senior executives. This, despite the fact that nearly $1.6
billion of customer funds remains “missing” or otherwise partially accounted
for, yet beyond the reach of those customers, perhaps forever, since before the
firm declared bankruptcy on October 31, 2011... , Nelson Mandela 'proven' to be a member of
the Communist Party Telegraph.co.uk For decades, it was one of the
enduring disputes of South Africa's anti-apartheid struggle. { The failed system of communism. Not
surprising that a nigger would lache on to such where everyone’s ‘equal’; but,
for no good reason, other than for party membership alone some are more equal
than others. Well, close enough, but no cigar. After all, chimpanzees share a
98% identical DNA profile with modern humans; and, niggers share 99% (hence,
that familiar simian look of the nigger. Interestingly, I must confess that
I’ve more recently particularly, developed a well-founded aversion for and
antipathy towards chimps, gorillas, oranguatangs and monkeys owing to the fact
that they remind me of niggers! } Chief Justice John Roberts
Bowed To Political Pressure And Changed His Vote On Obamacare http://albertpeia.com/nolegalsystem.htm { The unfortunate reality is what I’ve
alluded to in the context of my own direct experience; viz., america’s ‘legal system’
is an illegal system used to cover-up crimes, arbitrarily enforce laws to apply
pressure, etc., and essentially run by the inmates of this collective criminal
entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm }
20 children, 7 others dead in school shooting Marketwatch
{ From the previous day, pre-shooting I posted : Don’t Let Your Child See a Psychiatrist. Jon Rappoport
{ In light of his expressed fear, psychologists can’t prescribe
medication – though that’s changed somewhat in some states. Rappoport must
realize that some parents, nuttier than fruitcakes particularly in america,
might be the problem. Who then does the troubled child turn to?} That said, Every human emotion now classified as a mental disorder
in new psychiatric manual DSM-5 Mike Adams { Well, I gotta tell ya … if the
shoe fits, wear it … the reality is that the prevalence of mental
disorders/mental illness in america is so great that reactions as those of mike
adams (including shooting the messenger) are not unexpected; but, must be
discounted. After all, insanity or close to it has indeed become the new
normal, shaded/obscured somewhat by what’s deemed simple inherent criminality
which masks the underlying ‘americinsanity’. }
Missouri's Community Bank of Ozarks closed: FDIC Marketwatch
Prepare to pay the piper
Marketwatch
Leading indicators of a stock market top Marketwatch
http://albertpeia.com/leadingindicatorsofstockmarkettop.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/deathofsmallbusinessinamerica.htm
Dave’s Daily: http://www.etfdigest.com BEN PLAYING CATCH-UP WITH GDP DATA 12-12-12 Like others, we
hung out most of the day waiting for Ben’s next dose of easing. What the Fed
released in the way of new operations was fully expected without much of a
surprise. Several things stood out. To remove ZIRP and halt QE inflation needs
to remain tame and below 2% while the unemployment rate needs to be below 6.5%.
Since even the most optimistic bull knows inflation data as currently
constructed is faulty and misleading and so too have been recent employment
reports.Below is inflation and employment data as measured by and courtesy of
John Williams’ Shadow Government Statistics. Manipulating inflation and
employment data have been in the government’s interest to reduce entitlement
benefit payments and hide real employment conditions for political reasons.
http://albertpeia.com/daveschart121212no1.gif
Meanwhile the
Fed has indicated it would extend ZIRP until 2015 which may be nice but it
offers little incentive for people to buy homes even as prices might flat line.
And we really need people to start buying homes to clean out inventory. Also
Operation Twist has ended only to be replaced by another yet unnamed OMO of
buying $45 billion of mortgage-backed securities and $20 billion of Treasury
debt. This means more money printing driving the Fed’s balance sheet
to potentially $4-$5 trillion . In his post release press conference stated the Fed is “not monetizing
federal deficit”…right, and I’m not Santa Claus.Lastly, the Fed (behind the
curve as usual) has downgraded 2012 GDP growth from 2.5-3% to 1.7-1.8% and 2013
from 2.5-3% to 2.3-3% (a shot in the dark?). These are poor numbers and
certainly don’t support a tax increase on anyone. One headline stated the
revisions lower were only “slight” which is of course to minimize things but
.8% GDP decline on these low numbers are massive.All of his has led to massive
hording of cash and trading reserves by large banks and little in the way of
lending. The chart below clearly demonstrates the ineffectiveness of current
Fed policies in my opinion.
http://albertpeia.com/daveschart121212no2.gif
Apple
stock: Classic concentration risk Marketwatch
http://albertpeia.com/55reasonscaliforniaworststateafterjersey.htm
America’s top 5 oil-producing states Marketwatch
http://albertpeia.com/checkmatehelicopterben.htm
{ It’s really quite amazing that the so-called economic experts, ie.,
economists, financial/securities analysts, CEO’s, etc., are so economically
challenged so as to believe beyond the self-interested ‘swallow’ (ie., paper
inflation, etc.) that somehow printing/creating ever more worthless/debased
paper fiat currency will in some way create real value, production, jobs,
etc., as opposed to the destructive
mechanism along with nefarious dislocations that it truly is. }
http://thetruthwins.com
http://albertpeia.com/20outrageousexamplesofpoliticalcorrectness.htm
Goldman’s
BOE Tentacle Has Not Even Arrived And Already Advocates Massive Money Printing
Zero
Hedge | When two weeks ago Mark Carney was appointed head of the Bank of
England (despite his firm denials of any interest in the position) many were
surprised. { It’s really quite amazing
that the so-called economic experts, ie., economists, financial/securities
analysts, CEO’s, etc., are so economically challenged so as to believe beyond
the self-interested ‘swallow’ (ie., paper inflation, etc.) that somehow
printing/creating ever more worthless/debased paper fiat currency will in some
way create real value, production, jobs, etc.,
as opposed to the destructive mechanism along with nefarious
dislocations that it truly is. }
Steny
Hoyer: The Debt Limit ‘Is Not Real’
CNS
News | House Minority Whip Steny Hoyer (D-Md.) said Tuesday that the debt limit
is “not real” and should not be part of any negotiations to avert the fiscal
cliff.
World’s Most
Prestigious Financial Agency – Called the “Central Banks’ Central Bank” – Warns
of Bursting Bubble
Washington’s
Blog | Slams Federal Reserve Policy. {
It’s really quite amazing that the so-called economic experts, ie., economists,
financial/securities analysts, CEO’s, etc., are so economically challenged so
as to believe beyond the self-interested ‘swallow’ (ie., paper inflation, etc.)
that somehow printing/creating ever more worthless/debased paper fiat currency
will in some way create real value, production, jobs, etc., as opposed to the destructive mechanism
along with nefarious dislocations that it truly is. }
More
Evidence the Recession Has Started (Again)
New
American | Something bad happened in November — and based on the NFIB survey
data, it wasn’t merely Hurricane Sandy.
http://albertpeia.com/chinajobsnotcomingback.htm
Submitted by Tyler
Durden on 12/11/2012
Minutes before Michigan Governor Snyder
signed the 'Right-To-Work' bill into law , Teamster leader
Jimmy Hoffa appeared on CNN,as seen in the clip below, warning that: "This is
just the first round of a battle that's going to divide this state. We're going to
have a civil war ," as the bill to
weaken unions' power is passed.
{ There is an exception to the hearsay rule known as a dying declaration;
the rationale being that a person would not ‘go to his maker’ with a false
statement/declaration to ‘taint his soul’. Interestingly, I had occasion to
know a very intelligent, learned man who was indeed dying, in a death spiral if
you will. A lawyer by profession, he had taken an interest in another lawyer’s
history; none other than Abraham Lincoln himself. Curiously I thought at the
time, though even then, some decades ago (long before the internet), I realized
that you were never getting the whole, correct, true story from american media,
history as written, etc.. ( I was fortunate in sixth grade to have had a great
teacher, James Bresnahan, who allowed for ‘expansive’/accelerated learning in
what he took the time and trouble to provide as an advanced reading group.
Among the subjects was that knowledge/thinking tainting phenomena known more
commonly as propaganda). After all, a long dead president; and, one who
famously suffered from recurring bouts of severe depression could hardly be the
object of, from my view, intense intellectual interest and scrutiny. Yet, he
was fixated on what he deemed a somewhat surprising revelation; viz., from his
intense study, Abe was not ‘Honest Abe’ but rather, was a thief. I was aware
that in fact, Lincoln found niggers somewhat appalling and initially opposed
ending slavery as well as those who favored same, viz., the abolitionists, etc.
(niggers are a same old old story of lazy, unproductive, inherently very
uncivilized criminal people who are fun-luvin’ for games, partying, and getting
high only. Even the incisive
Shakespeare euphemistically referred to the ‘typicality’ of the inherently
untrustworthy and without sense of honor, ‘noir’ [french for black]). The
ultimate consummate politician (as a lawyer, Lincoln famously took a contrary
position not long before saying he thought he then was right but now taking the
opposite position now knew he was right … riiiiight! ‘Honest Abe’), Lincoln
ultimately did, in rallying his ‘stalwarts’, back the abolitionist cause. I
personally feel the people of the south were foolish in bringing vanquished
niggers, sold into slavery by other niggers who vanquished them, to this
already now recently blemished land. Moreover, as today, the niggers (and the
abolitionist cause) had provided fodder for politics of all sorts, including that of Lincoln.
Indeed, even today, spielberg who is famous for his pro-jewish
‘politicking’/propaganda (even the first Indiana Jones movie was heavy on the
Arab/Nazi transference propaganda) has found a way to make film-making pay for
him and the democratic party by way of the misguided, inaccurate view of
Lincoln as the anti-slavery icon he is speciously depicted as. Civil war?
Hoffa, like his mob-connected, then disconnected (permanently) father is old
news. The truth is that their own done them in (as was so of hoffa’s father)
with NAFTA, etc., as they themselves foolishly laughed at their real would-be
saviors, ie., Ross Perot, etc.. The reality is, there is literally nothing that
can’t be produced better and cheaper and without paying the shake-down bribe
from the teamsters et als for doing absolutely nothing (as is true with the
other niggers, et als, entitlements, etc.), elsewhere. Twinkies anyone? }
U.S.
Army Starts Targeting Children Posted by : George Washington Post date: 12/11/2012 - American Military Starts Assassinating Children
Obama
and the American military label all young men –
between the ages of say 15 and 35 - who happen to be in battle zones as
suspected insurgents who they can target and kill.
Under
the Bush administration, children were tortured .
Now,
the U.S. military is starting to target children for
assassination in battle zones. As the Nation reports :
December 10, 2012 http://gainspainscapital.com
http://albertpeia.com/useustylenegotiations.htm
December 10, 2012 http://gainspainscapital.com
http://albertpeia.com/2economicdevelopments.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/15signseconomyworsefor2013.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/unemploymentnotgoingdown.htm
http://endoftheamericandream.com
http://albertpeia.com/preppershated.htm
Dave’s
Daily: http://www.etfdigest.com ‘EOCNOMIC DATA HOLDS SURPRISES Out of the gate this morning was the
whopping surprise in the monthly employment report (146K jobs added vs 85K
expected & prior 171K) and the unemployment rate dropped (7.7% vs 8% expected
& prior 7.9%). This looked great didn’t it? But it wasn’t. And, algos don’t
look too far under the hood at details but those were awful. The largest gain
was in retail (part time holiday workers) followed by Hospitality and Leisure
and Waste Services (Sandy?) while Construction jobs lost 20K. More importantly,
the labor participation rate (only 63.6%) declined again as the number of
people out of the work force increased by a stunning 540K people. In the end,
more than 200K workers stopped looking for work.http://albertpeia.com/daveschart12712no1.gif
Further inside the numbers are two charts that really
indicate what’s happening within age groups.
http://albertpeia.com/daveschart12712no2.gif
http://albertpeia.com/daveschart12712no3.gif
Big
banks planning layoffs Marketwatch It's not going to be happy holidays for many on Wall
Street as word comes that Citi won't be the only bank laying off workers before
year-end.
December 7, 2012
http://gainspainscapital.com
http://albertpeia.com/3chartsinvestorsmustsee.htm
EPITAPH FOR AMERICA: Nothing quite succeeds
like failure in america. I had tried to help underdog (and outsider and former
missionary and hard worker and straight shooter) Mitt Romney by coming out
early and unequivocally in support of him and change in the disastrous
direction of america, unequivocally in decline. Importantly, that also gave me
'license' to say what needed saying but what everyone considers politically
incorrect, impolitic, or brutally honest and/but are afraid to say. The key(s)
to the election debacle here were the threat of riots and violence by the
typical uncivilized niggers. After all, americans generally are without doubt an
inherently cowardly people and war-mongering bullies as indicated by past and
recent history. I saw this first hand by particularly that screaming old lady
lying on the ground, blood streaming from her mouth, purse stolen by the nigger
who calmly walked away as whites among others walked, passed her by in fear
(see immediately infra). Truth be told, I bit my tongue and cringed at every
Romney link to corrupt, venal war criminals/criminals/mobsters bushes, cheney,
trump, kean, (republicans alito, et als) etc., who have substantially damaged
me (along with referenced democrats, to be fair). Then there's that
contra-indicated love-fest with war mongering/war crimes nation, illegal nuke
totin' israel (almost more than I could bear). On the positive side, trusting
in GOD only as I do, I must confess I was happy to see the destruction of the
jersey shore and appropriately, rockaway beach, queens, new york (jersey mob
and gambino crime family connection). A lesson to all, Romney particularly,
never trust a half-breed sicilian former federal government slug; that rotund
humpty dumpty christie of jersey infamy. Amazingly, the very people who've been
and will prospectively be damaged by nothing more than a mentally troubled
fraud, grifter, jive-talking b***s***/con artist obama, gave him the blind
support he needed to prevail regardless of his unequivocally failed four years
of prior broken campaign promises, reality, and rationality. Self-destructive,
mentally challenged/troubled losers? That fits! That america is a hopelessly
failed, bankrupt nation in decline, there is no question!
MSNBC
Yet Again Implies Criticism of Obama Is Racist Paul Joseph Watson | General
Electric-owned (49%) network is earning its federal bailout money. [Yet, it's
holder / wobama who're the racists ... Robinson: King's dream remains
unrealized (Washington Post) [ Yeah! That 'content of their character' thing's
a b***ch to live up to ... just don't measure up! What's a white person to do,
especially when black atty. General Holder with fellow black Obama's tacit
approval is racist himself (themselves) UPDATE: MORE CLAIMS OF RACE BIAS AT
JUSTICE...'ignore cases that involve black defendants and white victims '.
Drudgereport: 'Mob' beatings at WI state fair... 'Hundreds of young black
people beating white people'... [ Typical ... ] Fairgoers 'pulled out of
cars'... 'They were just going after white people'... Heightened security... http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly
but not exclusively jews / romans-italians / mobsters / government slugs). http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
http://albertpeia.com/fbimartinezcongallard.htm
]
Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke (a must read) | Vast numbers of people across the world, including many
who should know better, have been duped by the mind-game called Operation
Obama... (excerpts) Obama has been the chosen one for a long time, a fact known
only to a few in the deep inner circle, and his relationship with Brzezinski
almost certainly goes back to the start of the 1980s when he attended the Ivy
League, and big-time Illuminati, Columbia University where Brzezinski was head
of the Institute for Communist Affairs. Obama simply will not talk in any
detail about this period. He has been covertly funded and supported ever since
by the Trilateral Commission and its network of foundations connecting into the
Ford Foundation, for whom Obama's mother worked. And a question: Does anyone
really believe that someone, a 'man of the people', would simply appear from
apparently nowhere to run the slickest and best-funded presidential campaign in
American history? He was chosen long ago by those who wish to enslave the very
people that Obama says he wants to 'set free'. The sources of Obama funding
read like a Wall Street Who's Who - Goldman Sachs, UBS, Citigroup, Credit
Suisse, Deutsche Bank, J.P. Morgan Chase, Morgan Stanley, and so on. No wonder
he went back on his pledge to accept the limitations of public funding for his
campaign and instead took the no-limit option of 'private fundingThen there is
the Jewish financier, George Soros, the multi-billionaire associate of
Brzezinski and closely involved with the funding and marketing of Obama. Soros
is a former board member of the Illuminati's Council on Foreign Relations and
funds the European Council on Foreign Relations. In short, he is a major
insider' You can certainly see the Soros/Brzezinski techniques in the Obama
'revolution' in the United States. It was the complex and secretive network of
Soros foundations and organisations, connected to the intelligence agencies of
the US and Israel, that trained and funded students in the Ukraine, Georgia and
elsewhere in the art of mass protest and overthrowing governments. These
manufactured protests were sold to the world as peoples' revolutions, but it
just so happened that when they were over and the old regime was removed the
new leaders were those waiting in the wings all along - the puppets of Soros,
Brzezinski and their associated networks. Obama is just more of the same, a big
smile with strings attached, and controlled completely by the Illuminati
networks that chose him, trained him, sold him and provided his record funding.
It was they who kept his many skeletons under wraps, like the gay sex and crack
cocaine allegations of Larry Sinclair (from affidavit: 1. Who is Ron Allen that
claims to be with your Presidential camp, who is alleged to claim that someone
claiming to represent me called asking for $100,000, to keep me from coming
forward about our (Obama and I) November 1999 encounter of sex and cocaine
use?), and they will continue to do so as long as he jumps to their bidding.
Obama is just another Banksters' moll prostituting himself for fame and power,
and that's why he supported the grotesque bail-out of the banking system and
why he will always put their interests before the people. His financial
advisors are straight from the Wall Street 'A' list, including Paul Adolph
Volker (Trilateral Commission, Council on Foreign Relations, Bilderberg Group),
the head of the Federal Reserve from 1979 to 1987 and Illuminati to his fingertips.
Obama has made him head of the Economic Recovery Advisory Board, which is
dominated by insiders, including its staff director and chief economist, Austan
Goolsbee, a close Obama associate from the University of Chicago. Goolsbee is
an initiate of the infamous Illuminati Skull and Bones Society at Yale
University, which also includes Boy and Father Bush. It was Goolsbee who told
the Canadian government not to worry about Obama's attacks on the economic
effects of free trade agreements because his words were just to win votes in
the election campaign. Another Wall Street insider, the Zionist Timothy
Geithner (Bilderberg Group, Trilateral Commission, Council on Foreign
Relations), was appointed by Obama to be his Treasury Secretary. Geithner was
the President of the New York Federal Reserve Bank, the most powerful in the
private Federal Reserve cartel that masquerades as America's central bank, and
he is a former employee of both the Council on Foreign Relations and the
appalling Kissinger Associates. Obama's Treasury team locks into the inner
circle around the Zionist Robert Rubin, the Director and Senior Counselor of
Citigroup, co-chairman of the Council on Foreign Relations, and economic
advisor to Obama. Rubin, a member of the Illuminati Bilderberg Group, was the
man behind Citigroup's strategy of expanding its risk in debt markets which
forced it to be rescued by taxpayers' money. The very people who caused the
financial crisis are being appointed by Obama to decide how to respond to it
(more taxpayers' money for them and their friends)
Lakers
hire Mike D’Antoni as coach, passing on Phil Jackson Phil Jackson was “asking for the moon,”
according to a source familiar with the situation. Mike D'Antoni's Lakers
contract is three guaranteed years at $12 million { Phil was just being nice. He certainly doesn ’t need the money;
and, I must say, I would have lost a lot of respect for him had he done a deal
with them. After all, given all he’d done for the lakers, the way they (ie.,
jerry west bad mouthed him, ie., lifestyle, beliefs, choice of location, etc.)
bad mouthed him, I personally would have told them to go f*** themselves [ I
essentially did as much with my two
largest jersey clients who asked that I return to representing them after the
‘split’ with them, which would have meant long-term mob ‘affiliation’ (and as
per their thinking/protocol an ‘obligation’), albeit tacitly; although I must
say I hadn’t anticipated fully the pervasive clout of the mob in jersey and
infiltration of the equally corrupt federal system there and elsewhere and the
dire consequences they contrived for me thereafter- la/ca better, but not much-
and, though California was deservingly rated lowest recently among all places
in the states to live, Malibu excepted, I would put jersey lower than
california; and, prospectively, there’s disaster in a big way rivaling/exceeding
jersey shore/rockaway beach queens new york in proportion ‘a-coming’. ] You
can’t take it with you. In the end, all you really have is your spirit,
dignity/integrity, self-respect, all of which are sorely lacking in america
generally, and california/new jersey/new york/connecticut/virginia especially.
The recent ‘election’ also confirms this very american trend of corruption,
decline, and abject failure. Phil Jackson will always be a winner, a champion!
}
FACEBOOK RESPONSE:
Bob: I'm 100% behind law enforcement in
their ever more increasingly difficult task of law enforcement, in this ever
more lawless nation, particularly in meaningfully lawless new jersey.
Unfortunately, when I went to vote, I was asked to grant facebook broad
'authority' which as a matter of internet policy (to prevent a multitude of
problems, hacking, etc.) I don't do (facebook's very politicized in a
pro-wobama way and hooked into those goldman frauds et als, on fraudulent wall
street). Since wobama people do it, you can put in an extra vote on my behalf.
I'm currently stonewalled awaiting a formal reply from the fbi inasmuch as I
must account for my time wherever I ultimately locate. Below is some recent
posted commentary and a response to Congresswoman Roybal-Allard as per her
request (I did not receive a reply from Sen. Feinstein regarding the aforesaid
matters). Hope you and your family are well.
Regards,
Al
Dianne Feinstein: No need to debate Republican opponent... http://albertpeia.com/selfdefense.htm [ One
thing is certain from my own direct experience { The
unfortunate reality is what I’ve alluded to in the context of my own direct
experience; viz., america’s ‘legal system’ is an illegal system used to
cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and
essentially run by the inmates of this collective criminal entity called
america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm } ; despite
enormous amounts of taxpayer money poured into the ‘federal system’, there’s
relatively/proportionately very little real significant results (an example
would be the brutalizing of Martha Stewart over a $45 thousand transaction
while wall street frauds in the trillions by the biggest players have gone
unprosecuted). I believe reasonable diligence requires self-reliance more than
ever before in this nation’s history; particularly when political correctness
in some states prevents calling a spade a spade to the substantial detriment of
law enforcement! ]
The Keynesian (economic)
approach, if ever a wise prescription for ‘economic doldrums’, euphemistically
speaking (there are articles/studies/data that dispute the purported
effectiveness of the widely hailed ‘Keynesian remedy’ during the prior great
depression), the ‘Keynesian way’ is certainly no longer a prudent approach
today in light of the insurmountable debt levels of nations worldwide and in
america particularly along with the concomitant over-printed, debased ‘paper
currencies’ to finance same. Quite simply, there simply is not enough real
value being created for redistribution, a situation exacerbated by the
parasitic lightening fast, computerized churn and earn high frequency trading
programs on fraudulent wall street (they should be prosecuted, jailed, fined,
and disgorgement imposed for extant frauds in the trillions now marked to anything
as per misguided legislated FASB rule change). [ America’s
debt woe is worse than Greece’s News (CNN) — ‘Our government is
utterly broke …The government’s total indebtedness is $211 trillion ’. 43,454,601,693,238 Reasons Why
The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17, 2011 http://www.economist.com/content/global_debt_clock ] .This is the consequence of a structural shift
fed by greed and misguided policy and cannot be undone (transfer of productive
capacity to ie., China, etc., ‘the bell cannot be unrung’). That said which
militates against such an extension, this is an election year which
probabilities suggest makes highly likely the passage of the extension. I favor
your co-sponsored legislation and before the holidays simply in the name and
spirit of Christmas and for no other reason whatsoever. Below is a recent
comment to Opinion Writer Krauthammer’s ‘more war spending (Keynesian)
position’ and an article regarding the folly of same. Immediately following is
from my prior post to you concerning something of such manageable proportion
and well within the government’s ability to resolve (if the government can’t
accomplish this consistent with law and long overdue, then there isn’t anything
the government can accomplish), along with other comments to you for ease of
reference:
‘…As previously noted in a
prior message to you, I had previously spoken to FBI Agent Bill Lewis in
Washington who was recently promoted to the FBI Headquarters Office (D.C.) from
the FBI office here in LA, and who was to be out of the office for the two
weeks past. I’ll be contacting him given a reasonable time for him to ‘catch
up’, from being out of the office. While independent contractor richard coan is
ultimately the one to bear the burden of damages (there’s insurance and a
surety covering same), coan might allude to the prior default of the u.s.
government (assist. u.s. atty. robert i. lester miscounted / miscalculated the
time for filing an answer / response to the complaint upon service thereof,
also misstating the rule in open court before corrupt judge matz who
‘schmoozed’ things over (they both have the same employer), however incorrectly
according to the ‘law’. I ordered / bought a copy of the transcript of that
rather pathetic proceeding (posted in part on my website). In any event,
regardless who pays me, the amounts so paid would ultimately be recovered from
coan, his insurer/surety which amounts might even exceed the amount I’m willing
to settle at. [There is also a judgment (referenced in the correspondence to
FBI ADIC Martinez infra) that had been entered in my favor in the case, United
States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth
approximately now in excess of $300,000 remains unaccounted for and which would
benefit Los Angeles, etc.; and then, of course as well, the substantial
damages. ] I’ve waited far too long for this matter to resolve, what should
have been resolved in accordance with clear law long ago; and, which would have
been resolved if not for typical u.s. corruption in the process; and, which is
well within the government’s ability to resolve. In my world and way of
thinking, results do count! I’ve included prior correspondence for ease of
reference…’
Sincerely,
Albert L. Peia
America also
leads in the illegal drug trade. In fact, many researchers reveal that
the war on drugs is only utilized to control and monopolize the illicit
drug trade. The US government has been caught multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now openly protects and transports opium from Afghanistan [ http://www.youtube.com/watch?v=ElEciFI0Pew ] . In fact, Global Research points out that in 2001, “according to UN
figures, opium production had fallen to 185 tons. Immediately following the
October 2001 US led invasion, production increased dramatically, regaining its
historical levels.” This month, the U.N. announced that Afghanistan now provides 93% of the
world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons. Although the
empire tries to keep it secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm
Drug war hypocrisy: drug
trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is
centers on the amount of drug trafficking that benefits the CIA and
international banking system. Natural News February 1,
2012 [ [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the
amount of drug trafficking that benefits the CIA and international banking
system. The son of a convicted notorious mobster, John Gotti Jr, when asked in
court if the family still dealt drugs cracked, “No, we can’t compete with the
government.”
Guest Post: The West Has Just
Become A Giant Banana Republic
ZeroHedge.com by Tyler Durden { Yeah! This really is too true for words!
It’s been my direct experience for quite some time now and is quite a pathetic
scenario! } Legal precedent means nothing. Rule of law means nothing.
Free speech means nothing. Their own treaties mean nothing. It’s unbelievable. Anyone
in the west who honestly thinks he’s still living in a free society is
either a fool or completely out of touch. If that seems too radical an idea,
consider that ECUADOR is now the only nation which stands to defend freedom
and human rights against an assault from the United States, the United
Kingdom, and their spineless allies. The west has just become a giant
banana republic. Have you hit your breaking point yet? If not now…
when? { { I’m really constrained to
interject my own direct experience with the FBI here; and, I must say I do so
lamentably. If you want no real results vis-ŕ-vis organized crime which now
extends to the upper reaches, highest levels of the corrupt u.s. government, go
to the FBI. I discounted the new jersey FBI as just typical corrupt, mob
infested jersey which thinks in terms of discos/casinos. But, truth be told,
they never ask the ‘tough’ questions of the biggest criminals; ie., the biggest
wall street frauds, cia connected illegal ‘drug ops’ (ops…riiiiight), federal
judges ie., trump barry, shiff, alito, etc.; but, they did go after Martha
Stewart in a very big way over a $45,000 transaction. Wow! You can’t make this
stuff up. I also don’t believe their (understated) crime stats for even a
second. I’m beginning to feel foolish for having even put my full faith and
trust in them, much less the ‘federal (judicial) system’ who share the ‘same
employer’; and, despite my antipathy for the mob, probably would have fared
‘more fairly’ with the mobsters directly who seem to have at least some sense
of the magnitude of the fraud involved and the pervasive corruption of the
system and government and maybe a semblance of honor in this nation of
protracted decline. It never would have occurred to me back when for me, such a
choice/decision was clear-cut and simple. Such a course as mine I no longer
could recommend inasmuch as there is little difference between state/government
sponsored crime/corruption and that perpetrated by other criminal elements,
from my direct experience with both, infra:
Debauchery: An American
specialty In the land of Lindsay Lohan and Snooki, some federal
workers reflect our culture all too well. (Washington Post) [ Lindsay Lohan?
Come on Mr. Milbank, hands off the low hanging fruit. She’s totally harmless.
Jersey ‘italian’ snooki? In mob infested new jersey, who knows (one of the
properties in my proceedings for which surplus funds are unaccounted for was a
top floor balconied 2 bedroom 1 and 1/2 bath condominium (beach/boardwalk front
w/indoor pool/sauna) in seaside heights, n.j. –10-31-12 Post Sandy: I’m
wondering if it’s still there. ). But debauchery an american specialty? Another
rare instance wherein I agree with Mr. Milbank completely. 25 Signs That America Is A
Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics
held close to vest EXCLUSIVE | Documents and interviews show FBI and
Justice Department officials took steps to control information uncovered by a
task force designed to examine cases involving discredited agents. Many
defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington
Post) [ Well, I really have to say this. I’m awaiting word from the FBI as to
resolution, one way or the other, concerning the RICO matters which have been
systematically and corruptly covered up by the government (executive,
legislative, and judicial branches of the pervasively corrupt, defacto bankrupt
u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . Never in my
wildest dreams would I have believed the level and extent of corruption and
criminality within the ranks of the u.s. government before embarking upon this
costly quest for justice and simple fairness consistent with clear law (infra,
regarding the u.s. government’s direct involvement in the illegal drug trade).
In this civil RICO matter, there are no innocent bystanders; but rather,
perpetrators, accomplices, and co-conspirators. When the fbi agent initially
assigned to this matter (Connecticut) abruptly resigned/retired shortly after a
conversation, though not central to my case, wherein I had said that rudy
giuliani’s father had been an (convicted) enforcer for the mob (served 12
years? in prison, aggravated assault/manslaughter?) and then sent him
documentation owing to his disbelief. Though ultimately ineffectual vis-ŕ-vis
my case, he was a likeable guy for whom I had and still have regard. I then
spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who
somewhat plaintively (‘my call being a burden’) told me that ‘he was a Ford,
and I was a Ferrari’, which he didn’t explain further. Could anyone tell me
what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an
FBI Agent who sarcastically asked me whether I was ‘going to the disco that
night’ (the documents including sworn statements delivered to then u.s.
attorney sam alito’s office in the same building disappeared twice along with
the initial assistant u.s. attorney Jonathan Lacey with whom I had reviewed the
documentary evidence, documents and their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf .
We all can infer sam alito’s reward / quid pro quo for his cover-up by his
current position on the u.s. supreme court. There was never a
question as to maryanne trump barry’s interest in corrupting the judicial
process as related to her brother’s (trump) casinos. Jersey city boy louis
freeh, labeled by former Prosecutor Larry Klayman as the most corrupt FBI
director ever (see infra, mueller seems no different, and certainly holder’s
impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and
furious, race bias favoring blacks, etc.) apparently covered up the RICO
violations as sent to him, and, with italian citizenship and lucrative insider
deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with
whom I reviewed the RICO documents and confirmed same as indicative of (drug) money
laundering was transferred shortly after meeting with him, as has been so of
FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I
discussed the RICO matter and case disks/dvd’s sent to the LA FBI office (they
printed the documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here
in Los Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to
believe it based on my own experience and reasonable inference. I’m currently
being ‘stonewalled’ by the LA FBI office since the departure of FBI Agent Bill
Lewis.
The 10 biggest U.S. corporate layoffs of 2012
Cost of presidential race officially surpassed $2 billion { In the end,
‘the election’ was (fraudulently) fixed anyway. What a waste of time, money,
and resources! What a failed nation pervasively corrupt, defacto bankrupt
america is! }
China wealth-management products (patterned after the american
ponzi approach) spell danger, says Fitch
December 6, 2012 http://gainspainscapital.com
http://albertpeia.com/qe3qe4didntwontwork.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/taxestoohigh.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/badjobsnojobsdownfallusworker.htm
December 4, 2012 http://gainspainscapital.com
http://albertpeia.com/fiscalheathcliff.htm
http://thetruthwins.com
http://albertpeia.com/lawlesswastelanddetroit.htm
Heffernan: Microsoft is back — Why the dorky Apple rival is
suddenly cool { Forget cool, when it comes to computers/computing, I’m
more concerned with stability and performance. As a critic of Microsoft beyond
their breakthrough Windows 2000 (professional) and Word offerings, I felt
compelled to comment here. XP was a dog and deserving of criticism (innumerable problems including
acting as a ‘virus magnet’). Quite by ‘accident’, I plugged in an old apple usb
mouse and my problems with vista (sic), Windows 7, literally disappeared (I
then ordered a new usb mouse for right-click, scroll capability). Vista…Whoops,
my mistake…I meant to say Windows 7 (not thinking there’s a difference;
obviously I haven’t followed their recent past misguided exploits closely)…
Windows 7 is by far and away superior to xp (and Vista) in every way. It
apparently was the legacy mouse and problems created thereby (with ram,
resources, cache/processor, etc.) that impaired stability and performance and
I’m happy to say thus far, Windows 7 (with updates to date) is a solid
successor to 2000 and microsoft’s best operating system to date (I have my
fingers crossed as I said that … just kidding!). }
December 4, 2012 http://gainspainscapital.com
http://albertpeia.com/investmentsosecond.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/derivativesbust.htm
http://endoftheamericandream.com
http://albertpeia.com/20examplessadistictwistedcruelty.htm
Submitted by Tyler
Durden on 12/01/2012
The 2007 puncturing of housing market
prices and the 2008 financial market swoon are the precedents to
two much larger and much more dangerous bubbles . These more
pernicious threats are the dollar bubble ("printing money") and the government debt
bubble ("borrowing money") . While both are expanding at a
sickening pace, in the near term they deceptively make things seem much better
than they are. But, like all bubbles, they are unsustainable . The Fed is
well-aware of this dire probability , but finds itself increasingly
stuck to avoid it. The Fed's main strategic consists completely of
"hope" . It's backup strategy? "Panic"
and thus the need to focus on preservation of purchasing power, and positioning
one's financial assets safely before the aftershock arrives.
http://theeconomiccollapseblog.com
http://albertpeia.com/lockdoorsanddefend.htm
http://endoftheamericandream.com
http://albertpeia.com/monstersinkholesearthquakescoming.htm
http://thetruthwins.com
http://albertpeia.com/uncontrolofinternetfreespeech.htm
America's
10 best-run and
worst-run states Marketwatch(left) is the best-run state, according to 24/7 Wall St.'s analysis. { Yes,
indeed! I can attest to the worthiness of
jersey and california on the worst-run list. Yet, new york/connecticut
with their (ny predominantly…connecticut is but a suburb of new york in a very
‘go along to get along’ way … then there’s the other beltway drain, virginia, a
d.c. suburb with all d.c.’s faults ) large scale, nation draining corruption
including wall street frauds/bailouts, etc., should make this relatively short
list. }
November 30, 2012
http://gainspainscapital.com
http://albertpeia.com/turningpoint.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/11factseuropedepression.htm
Israel moves to build 3,000 new homes The plans
include future construction in a strategic area where critics warn would kill
hopes for a viable Palestinian state. { The never ending story courtesy of the
war mongering, illegal nuke-toting, u.n. resolutions/international law
scofflaw, war crimes nation israel. } Brzezinski:
US must stop following Israel “like a stupid mule” Kevin Barrett | Brzezinski
has drawn an unflattering picture of US-Israel relations. { And that goes for the politicians et als
as well. Indeed, while there may have been (ie., in the past) a time that blind
adherence to the pro-israeli line was a ‘political advantage’, that’s certainly
no longer the case. In fact, for all Romney’s contra-indicated pro-israel
babble, wobama’s jewish vote from the prior election was unchanged while Romney
was hurt among other constituencies fearing a return to the moron bush
neo-con/pro-israeli war mongering mindset. }
{ The unfortunate reality is that while rome burns, the ne(r)o cons
fiddle with unreasonable israeli obsessive preoccupations born of paranoia and irrational
quest for control of people who america and clinton herself warrant a separate state by way of the 2
state solution. The fact is, america’s problems are too large and grave for
attention to israeli contrived, self-interested concerns. The reality is that
pervasively corrupt, defacto bankrupt america has neither the time nor the
resources to self-destructively dance the ‘tarantella’ with israel. }
http://theeconomiccollapseblog.com
http://albertpeia.com/34signsamericaindecline.htm
‘The
United States is clearly in an advanced state of decline. Many people
around the world (and even inside America) rejoice at this, but not me. I
mourn for the country that I was born in and that I still love. Yes, the
United States has never been perfect, but the Republic that our Founding
Fathers started truly has been a light to the rest of the world in a lot of
ways over the centuries. Unfortunately, our foundations are badly rotting
and our nation is collapsing all around us. Many Americans like to think
that the United States is greater today than it has ever been before, but the
truth is that America is like a patient that has stage 4 cancer that has spread
to almost every area of the body. Our nation is being destroyed in
thousands of different ways, and more distressing news emerges with each
passing day. This article will mainly focus on the economic decline of
America, but much could also be said about our social, political, moral and spiritual
decline as well. We are simply not the same country that we used to
be. Americans are proud, selfish, greedy, arrogant, ungrateful,
treacherous and completely addicted to entertainment and pleasure. Our
country is literally falling apart all around us, but most Americans are so
plugged into entertainment that they can't even be bothered to notice what is
happening. Most Americans seem to assume that we will always have endless
prosperity just because of who we are, but unfortunately that simply is not true.
We inherited the greatest economic machine the world has ever seen and we have
wrecked it, and now a very painful day of reckoning is approaching. But
most people will not understand until it is too late.
The
following are 34 signs that America is in decline...
#1 According to the World Bank, U.S. GDP accounted for 31.8
percent of all global economic activity in 2001. That number
dropped to 21.6
percent in 2011. That is not just a decline - that is a
freefall. Just check out the chart in this
article .
#2 According to The Economist, the United States was the
best place in the world to be born into back
in 1988 . Today, the United States is only tied for 16th place .
#3 The United States has fallen in the global economic
competitiveness rankings compiled by the World Economic Forum for four years in a row .
#4 According to the Wall Street Journal, of the 40 biggest
publicly traded corporate spenders, half
of them plan to reduce capital expenditures in coming months.
#5 More than three times as many new homes were sold in the
United States in 2005 as will be
sold in 2012.
#6 America once had the greatest manufacturing cities on
the face of the earth. Now many of our formerly great manufacturing
cities have degenerated into festering
hellholes . For example, the city of Detroit is on the verge
of financial collapse, and one state lawmaker is now saying that " dissolving Detroit " should be looked at as an
option.
#7 In 2007, the unemployment rate for the 20 to 29 age
bracket was about 6.5 percent. Today, the unemployment rate for that same
age group is about 13 percent .
#8 Back in 1950, more
than 80 percent of all men in the United States had jobs. Today, less
than 65 percent of all men in the United States have jobs.
#9 If you can believe it, approximately one out of every
four American workers makes 10
dollars an hour or less .
#10 Sadly, 60
percent of the jobs lost during the last recession were mid-wage
jobs, but 58
percent of the jobs created since then have been low wage jobs.
#11 Median household income in America has fallen for four
consecutive years . Overall, it has declined by over $4000 during
that time span.
#12 The U.S. trade deficit with China during 2011 was 28
times larger than it was back in 1990.
#13 Incredibly, more than 56,000 manufacturing facilities in the United
States have been shut down since 2001. During 2010, manufacturing
facilities were shutting down at the rate of 23
per day . How can anyone say that "things are getting
better" when our economic infrastructure is being absolutely
gutted ?
#14 Back in early 2005, the average price of a gallon of
gasoline was less
than 2 dollars a gallon . During 2012, the average price
of a gallon of gasoline has been $3.63 .
#15 In 1999, 64.1
percent of all Americans were covered by employment-based health
insurance. Today, only 55.1
percent are covered by employment-based health insurance.
#16 As I have written about previously , 61 percent of
all Americans were "middle income" back in 1971 according to the Pew
Research Center. Today, only 51
percent of all Americans are "middle income".
#17 There are now 20.2 million Americans that spend more than half of
their incomes on housing. That represents a 46 percent increase from
2001.
#18 According to the U.S. Census Bureau, the poverty rate
for children living in the United States is about 22 percent .
#19 Back in 1983, the bottom 95 percent of all income
earners in the United States had 62 cents of debt for every dollar that they
earned. By 2007, that figure had soared to
$1.48 .
#20 Total home mortgage debt in the United States is now about 5 times larger than it was just 20 years ago.
#21 Total credit card debt in the United States is now more than 8 times larger than it was
just 30 years ago.
#22 The value of the U.S. dollar has declined by more than 96 percent since the Federal Reserve was
first created.
#23 According to one survey, 29
percent of all Americans in the 25 to 34 year old age bracket
are still living with their parents .
#24 Back in 1950, 78
percent of all households in the United States contained a
married couple. Today, that number has declined to 48
percent .
#25 According to the U.S. Census Bureau, 49
percent of all Americans live in a home that receives direct
monetary benefits from the federal government. Back in 1983, less than a third of all Americans lived in a home
that received direct monetary benefits from the federal government.
#26 In 1980, government transfer payments accounted for just
11.7
percent of all income. Today, government transfer payments
account for more than 18 percent of all income.
#27 In November 2008, 30.8 million Americans were on food
stamps. Today, 47.1
million Americans are on food stamps.
#28 Right now, one
out of every four American children is on food stamps.
#29 As I wrote about the
other day , according to one calculation the number of Americans on food
stamps now exceeds the combined populations of "Alaska, Arkansas,
Connecticut, Delaware, District of Columbia, Hawaii, Idaho, Iowa, Kansas,
Maine, Mississippi, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North
Dakota, Oklahoma, Oregon, Rhode Island, South Dakota, Utah, Vermont, West
Virginia, and Wyoming."
#30 Back in 1965, only one out of every 50 Americans was on
Medicaid. Today, one out of every 6 Americans is on Medicaid, and
things are about to get a whole lot worse. It is being projected that
Obamacare will add 16 million more Americans to the
Medicaid rolls.
#31 In 2001, the U.S. national debt was less than 6 trillion
dollars. Today, it is over 16
trillion dollars and it is increasing by more than 100 million dollars every single hour.
#32 The U.S. national debt is now more than 23 times larger than it was
when Jimmy Carter became president.
#33 According to a PBS report from earlier this year, U.S.
households that make $13,000 or less per year spend 9
percent of their incomes on lottery tickets. Could that
possibly be accurate? Are people really that foolish?
#34 As the U.S. economy has declined, the American people
have been downing more antidepressants and other prescription drugs than ever
before. In fact, the American people spent 60 billion dollars more on prescription drugs in 2010
than they did in 2005.
So
what are our "leaders" doing about all of this?
Not
much.
They
just continue to insist that everything is "just fine".
Sadly,
the truth is that they live in a world that is very different from most of the
rest of us.
Barack
Obama is getting ready to take a 20 day vacation to Hawaii .
When
was the last time you got to take a 20 day vacation?
And
most of our "leaders" have no idea what it is like to struggle from
month to month on a paycheck.
Overall,
more than half of the members
of Congress are millionaires. We are led by wealthy men who are serving
the interests of other wealthy men.
But
the problem with our system is not limited to the president and the members of
Congress. The truth is that the political system in America has become a
colossal beast that just continues to grow no matter who is in power. The
political establishment of both parties is totally dependent on this beast, and
they will continue to feed it and serve it because it has been very good to
them. The following is from an outstanding article by Steve McCann ...
The Republican and Democratic
political establishments are made up of the following:
many current
and nearly all retired national office holders whose livelihood and
narcissistic demands depends upon fealty to Party and access to government
largesse;
the majority of
the media elite, including pundits, editors, writers and television news
personalities based in Washington and New York whose proximity to power and
access is vital to their continued standard of living;
academia,
numerous think-tanks, so-called non-government organizations, and lobbyists who
fasten onto those in the administration and Congress for employment, grants,
favorable legislation and ego-gratification;
the reliable
deep pocket political contributors and political consultants whose future is
irrevocably tied to the political machinery of the Party; and
the crony
capitalists, i.e. leaders of the corporate and financial community as well as
unions whose entities are dependent on or subject to government oversight
and/or benevolence .
Do you think that there is any chance
that this insidious system will be uprooted any time soon?
Of course not.
We will continue on the same path that
we are on right now and America will continue to decline.
Many will rejoice as America falls, but
I will not.
I will mourn for a mighty Republic that
has fallen and for a dream that has been lost.’
http://theeconomiccollapseblog.com
http://albertpeia.com/fiscalcliffpatheticos.htm
November 28, 2012 http://gainspainscapital.com
http://albertpeia.com/anotherpropplop.htm
Economic Collapse | By recklessly printing, borrowing and
spending money, our authorities are absolutely shredding confidence in the U.S.
dollar. Michael Snyder Economic
Collapse
http://albertpeia.com/giantcurrencysuperstormcoming.htm
Drudgereport: PRAVDA:
Obama 're-elected by illiterate society'... http://albertpeia.com/obamberthemistake.htm }
UN
EYES CONTROL OF INTERNET {
Come on! The un can’t even do what they are supposed to do! Enforce resolutions
as to some nations, not others … war crimes delineated for some nations, not
others … then the corruption, wasted resources, etc.. They are the ‘uncompetent’ bent on destroying/controlling the
viability of the important free flow of information! }
November 27, 2012
http://gainspainscapital.com
http://albertpeia.com/germanypreparesforgrexit.htm
November 26, 2012
http://gainspainscapital.com
http://albertpeia.com/horriffic2013.htm { Indeed, it will be! }
‘This is
going to be a very special holiday season. The reason? It’s the last hurrah
before things get very very ugly.
Just off
the cuff, you need to know that:
1)
China, the EU, and the US (comprising over 50% of Global GDP) are in recession
already. The EU has already announced this. Look for the formal announcements
concerning the US and China to hit the airwaves next year.
2)
Some data points concerning these nations indicate that this recession will be
on par with that of 2007-2008.
A rising
tide raises all ships. Similarly, a sinking tide lowers everything. Bear this
in mind as a global economic contraction will have severe implications for
everything.
Beyond the
global economy, we now face sovereign and banking crises in Europe…’
http://theeconomiccollapseblog.com
http://albertpeia.com/hungryfortheholidays.htm
http://endoftheamericandream.com
http://albertpeia.com/cripplingsolarstorms.htm
November 23, 2012
http://gainspainscapital.com
http://albertpeia.com/lastpushbeforebigcollapse.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/blackfridayriotscivilunrestpreview.htm
http://albertpeia.com/epicfinancialmeltdown.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/timetogetoutofdodge.htm
10 people who led us to the ‘fiscal cliff’ Marketwatch
http://thetruthwins.com
http://albertpeia.com/dominationcontrolgrid.htm
{ First and foremost
clarification: There are no elite on this planet. The grim reality for this
planet is a dominant species descended from initially notochords, primitive
chordates, and relatively more recently, primitive apes. http://albertpeia.com/anthroindex1.htm , for a brief
but sorrowful history of man. }
[ 12 Pictures That Demonstrate
How The New World Order Openly Mocks Us http://albertpeia.com/newworldordervedgesmockus.htm { First, let me say that the vedges of the
so-called new world order are in no real position to mock anyone, so mockable
as they indeed are, as the incompetent vegetables that they in fact are, who
have been the very architects of ultimately their own and the planet’s decline,
fall, and demise. Yet, there is no question but that the ‘masses’ so mocked,
deserve to be mocked, having embraced their dismal fate at every turn; viz.,
their embrace of ‘political correctness’, though contraindicated, as, ie., the
embrace of the violent, destructive nigger who literally would have them for
dinner, or the compulsion to embrace that which the state says is right, though
contraindicated, for political expedience owing to failure fed (including the
incompetent missteps of the failed fed) desperation, ie., gay marriage, etc.,
contrived wars / conflicts, among other clearly observable, self-interested
behavior of people, companies, nations, including the gargantuan bailed out
frauds on wall street to everyone’s (but the frauds’) detriment, still
unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has
not been held to even one of his former now broken campaign promises and is
embraced by those foolish enough to believe more of the same is testament to
how deserving of mocking the masses truly are (people should be outraged and
wobama should be ‘ridden out on a rail’). Make no mistake; the reality is that
the ‘new world order’/so-called ‘elite’ are not elite at all; but rather,
incompetent vegetables who can’t do anything right as they’ve now proven time
and time again. As I previously said:
Hostess gets court approval to liquidate Marketwatch
{ Alas, adieu sweet hostess. As a kid (as an adult as well but can’t
afford those calories and haven’t had them in years), truth be told, though I
liked twinkies with milk, preferably chocolate milk, I invariably opted for the
cream-filled chocolate cake, chocolate iced (with the squiggle on top) hostess
cupcakes; with plain milk, of course. The ‘golden-goose-killers’ strike again!
}
http://theeconomiccollapseblog.com
http://albertpeia.com/55reasonstobuyamericanproducts.htm
http://endoftheamericandream.com
http://albertpeia.com/usfreebirdimmigrantsong.htm
U.S. stocks surge on hope for a debt deal Marketwatch { Hopium back in a big way and bigger
than ever! Come on! They’re ‘all in this together’! Of course they’ll do some
kind of ‘kick the can’ deal. The reality is that the debt problem is an
insurmountable problem, in large part of their making, electioneering,
politicking as usual. As for those who’ve belittled Romney for stating a fact,
the reality is that both parties are guilty of same (whether in the form of a
tax cut/break, government contract, failure to prosecute fraud/crime, etc.) and
I’m frankly surprised that Romney didn’t point to the threats of violence by
the niggers, and the rampant voter fraud extant in this banana republic. As for
slimy newt calling Romney nuts for his stating reality, keep in mind that the
b***s*** newty has been on the receiving end of such largesse for quite some
time, unable to do anything of value and hence confined to his schmooze and
b***s*** paradigm which is pervasive in america, along with fraud among other
crimes. This ‘rally’ is an especially great opportunity to sell/take profits
since there’s much worse to come! }
http://theeconomiccollapseblog.com
http://albertpeia.com/tweekingtwinkies.htm
Moody's strips France of its triple-A rating Marketwatch
November 18, 2012
http://gainspainscapital.com
http://albertpeia.com//notbondsgold.htm
Submitted by Tyler
Durden on 11/18/2012
Two months ago we posted an excellent introduction from Dan Ariely on the truth
about dishonesty . The focus on our ease of rationalizing dishonest acts
struck quite a chord and as a follow-up the behavioral economist discussed
several real-life examples with Capital Account's Lauren Lyster. Critically,
firms are shifting their focus from long-term growth to maximizing
'shareholder-value' (since any short-term mis-step in a liquidity-fueled
boom such as this is punished to the point of 'going-concern') and the increasingly
short-term focused attitude not only hurts employees and taxpayers but serves
to provoke a culture of dishonesty or fraud . Ariely also
notes, rather interestingly, that new disclosure requirements for
'academic-based' reports merely creates a more exaggerated result - since
report-preparers now know the result will be discounted further. Again, one
could argue, that Bernanke's ZIRP world (and an under-the-surface reality known
to all that we are on a precipice) creates an ever-decreasing time-horizon for
every 'invisible-hand'-driven act we undertake: we have shifted
from "Get Rich Quick" to "Get Rich Quicker...By Any Means."
http://albertpeia.com/summersresearch.htm
http://thetruthwins.com
http://albertpeia.com/bananarepublicusromneyvotestowobama.htm
http://albertpeia.com/terribleeconomicnumbers.htm
{
Post-election, of course! }
http://albertpeia.com/reallehmanspainworse.htm
http://albertpeia.com/derivativesdebtdefaultovervaluedsecurities.htm
InVeRTeD
MaRXiSM In AMeRiKa... Posted by: williambanzai7 Post date: 11/14/2012 - 14:33 Socialism for the wealthy,
capitalism for the poor...
{Yeah, this is well said; and, also when convenient in terms of wall
street frauds/bailouts, the corollary strategy apposite here is their modus
operandi of privatizing gains and socializing losses. All in plain sight, with
a little help from their friends of course: The unfortunate
reality is what I’ve alluded to in the context of my own direct experience;
viz., america’s ‘legal system’ is an illegal system used to cover-up crimes,
arbitrarily enforce laws to apply pressure, etc., and essentially run by the
inmates of this collective criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm } ; despite enormous amounts of taxpayer money
poured into the ‘federal system’, there’s relatively/proportionately very
little real significant results (an example would be the brutalizing of Martha
Stewart over a $45 thousand transaction while wall street frauds in the
trillions by the biggest players have gone unprosecuted). }
http://theeconomiccollapseblog.com
http://albertpeia.com/warandmiddleeast.htm
http://albertpeia.com/dumpthecliff.htm
http://endoftheamericandream.com
http://albertpeia.com/22signsvoterfraudelectionsham.htm
CNBC | The markets are going to go into meltdown soon, so expect stocks to
lose 20 percent of their value, Marc Faber, author of the Gloom, Boom and Doom
report told CNBC on Tuesday.
http://endoftheamericandream.com
http://albertpeia.com/wobamaelectionfraud.htm
November 11, 2012 http://gainspainscapital.com
http://albertpeia.com/2bigproblems.htm
GEORGE
BUSH ACCIDENTALLY VOTES FOR OBAMA http://albertpeia.com/hessuchadope.htm { He’s such a dope! } { Forget the ‘new
bush’ (george p. bush), same as the old bush … poor Texas … wants to finish the
job of destroying the GOP and america. Even Reagan was not unscathed … cocaine
distribution under the guise of some vague alleged black op with obfuscating
global skullduggery … that has incompetent senior bush written all over it …
spelled Iran Contra … they do it for the money and primarily because they can’t
do anything else well and think they’re entitled to wealth however and by
whatever means achieved … http://albertpeia.com/CIAAgentAffidavit1.jpg }
OLIVER
STONE: 'I find Obama scary'...
http://theeconomiccollapseblog.com
http://albertpeia.com/postelectionfiringslayoffs.htm
November 9, 2012 http://gainspainscapital.com
http://albertpeia.com/videosinvestorsmustsee.htm
First
Ohio; Next 'The Moon'? Submitted by Tyler
Durden on 11/08/2012 While markets
are digesting the probabilities of a dramatic rise in taxes and cut in spending
as we approach the fiscal cliff, it appears that behind-the-scenes there has
been a secret plan that we can only imagine is designed to rocket-boost us over
the cliff - new manned missions to the moon . As Space.com
reports , NASA is serious about sending astronauts back to the moon's neighborhood
and will likely unveil its ambitious plans soon now that President Barack Obama
has been re-elected, experts say. They go on to comment that "The space
agency has apparently been thinking about setting up a manned
outpost beyond the moon's far side , both to establish a human
presence in deep space and to build momentum toward a planned visit to an
asteroid in 2025. The new plans have probably already been
cleared with the Obama Administration but have been kept under wraps in case
Republican candidate Mitt Romney won Tuesday night's (Nov. 6)
presidential election." While the claims are that this will not increase
the budget, we suspect out-of-this-world manned outposts cost a little more
than the $17.7bn budgeted for NASA in 2013... someone is clearly eating space-cakes . Ironic
really given our earlier post...
{ Riiiiight! Sounds like a plan! After all, the new mooney gold and
mooney diamond mines on the mooney moon will pay for themselves and the mission
… The reality though is a new boondoggle to fleece the treasury/taxpayers…
Astronauts' tracks, trash seen in new moon photos As NASA transitions, U.S.
space politics in a state of flux
(Washington Post) [ U.S. space politics? I didn’t know there was such a
thing. But I, and I’m sure all know that ‘u.s. politics are spaced’. Flux? One
could only hope. I’d say, ‘fleeced’; as in we’ve all been fleeced. Sterner: 5 myths about NASA (Washington Post) [ If you can’t get past
the first myth; viz., that they actually set foot on the moon, the other 5
so-called myths become irrelevant. Indeed, post-Eisenhower, and certainly
post-Kennedy-assassination / coup d’etat, NASA was all military / military
industrial complex (moreover, someone knowledgeable about such matters said
essentially that in explaining to my surprise the transition to the shuttle
program it was said there was greater military application in same). In any
event, Russia’s been doing quite a bit of ‘heavy lifting’ vis-ŕ-vis the space
station, but not inordinately so. All I can say with certainty is that the
universe beyond this solar system is forever protected / insulated. The fact
is, they never set foot on the moon; and, in light of the pervasive corruption
in and defacto bankruptcy of the nation, their perpetual wars toward making a
hell on earth militate against anything but trying to do even just a little bit
better (for a start), terrestrially. NASA wants mission to bring Martian rocks to Earth
(AP) Launch of secret US space ship
masks even more secret launch of new weapon The Militarization of Outer
Space: The Pentagon’s “Space Warriors” Global Research | It’s not as if things aren’t bad enough right here on planet earth. Now
the Defense Department wants to up the stakes with new, destabilizing weapons
systems that will transform low- and high-earth orbit into another
“battlespace.” buzz aldrin wants to colonize Mars … Riiiiight
buzzed! Better check with DePalma to see if he already has the footage in the
can since you won’t be able to use the moon footage for the new boondoggle
video ... OBAMA SPEECH OUTLINES PLANS FOR RETURNING DEFACTO
BANKRUPT U.S. TO SPACE – OOOOOH! SOUNDS LIKE A PLAN … FOR INNER SPACE
(IMAGINATION).
NASA's
New Asteroid Mission Could Save the Planet Space.com - Tariq Malik - CAPE CANAVERAL, Fla. - President Barack Obama set a lofty next goal this
week for Americans in space: Visiting an asteroid by 2025. Obama's asteroid
goal: tougher, riskier than moon The Associated Press Obama
calls for NASA to focus on trips to Mars and beyond Computerworld And don’t forget, Bruce Willis and Ben Affleck, et als,
have already done this so it’s not as if they’re starting from ‘ground zero’,
so to speak; and Brian DePalma already has ‘Mission to Mars’ in the can, but
beware say the producers of ‘Species II’ since Eve, the cloned daughter of
Sill, might want to mate with astronaut Paddy Ross who has returned from Mars
as a space alien host body. First
fake moonwalker blasts Obama's space plan msnbc.com - Bill Ingalls - The first man to pretend to walk on the moon blasted President Barack
Obama's decision to cancel NASA's back-to-the-moon program on Tuesday, saying
that not going with the new movie is “devastating” to america's boondoggle
spaced out effort. Fake dutch 'moon rock' revealed a treasured
piece at the dutch national museum - a supposed moon rock from the first manned
lunar landing - is nothing more than petrified wood, ...bbc news bbc news |
europe | fake dutch 'moon rock' revealed prized moon rock a fake - a piece of
moon rock given to an overseas politician by the united states is actually a
lump of petrified wood, museum authorities revealed yesterday. ... 'Moon rock'
in dutch museum is just petrified wood aug 27, 2009 ... Fake moon rock at dutch
national museum. Rijksmuseum / ap. This rock, supposedly brought back from the
moon by american astronauts, ... http://www.albertpeia.com/moonfraud.htm http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv ]
3 annuity mistakes to avoid http://www.marketwatch.com/story/3-annuity-mistakes-to-avoid-2012-11-08?link=MW_latest_news
http://theeconomiccollapseblog.com
http://albertpeia.com/politicalmirror.htm
http://endoftheamericandream.com
http://albertpeia.com/americasleftturn.htm
http://thetruthwins.com
http://albertpeia.com/16quotesfreakout.htm
http://albertpeia.com/bekillsqe.htm
Dave’s Daily: http://www.etfdigest.com ‘… I must say the
election results weren’t a great surprise but the outcome did make me wonder
about what country I’m living in. After all, what president could run on this
kind of record and win?…’
Investors
Fear More Than Just a 'Fiscal Cliff' http://albertpeia.com/worsethanfiscalcliff.htm
http://albertpeia.com/3items.htm
Thousands
Of Shocking Threats Of Violence By Obama Supporters On The Eve Of The Election http://albertpeia.com/funlovinniggers.htm
Investment Outlook
November 2012
Time To
Vote! William H.
Gross
http://albertpeia.com/grossoutlook.htm
http://albertpeia.com/obamaseternalcamtheirpain.htm
http://albertpeia.com/todreamtheimpossibledream.htm
http://albertpeia.com/anarchyjerseynewyork.htm
Submitted by Tyler
Durden on 11/01/2012 { That’s
largely because they’re living in a failed socialist plutocracy and have a
failed socialist/pro-communist president, all under the guise of a
capitalist/free society/democracy; which of course, the latter being an
absolute fiction. Quite simply, they’ve never even seen capitalism. }
http://albertpeia.com/jerseyshorebeforeaftersandy.jpg
Bloomberg: In Your Face Warming Propaganda Prisonplanet.com | Meanwhile actual
scientists disagree. { bloomberg’s actually proven himself to be the failed
flake of new york historic proportion; from soda, to smoking tobacco (as in
california, only crack, marijuana, etc., are allowed), to encouragement of the
‘fraudulent-wallstreet-centric’ climate, etc.. He also if you’ve watched
closely, seems to have gotten very weird indeed. Prescription drugs maybe?
Valium? Prosac, etc.? }
Why Germany
Wants to See its US Gold { Good luck with
that … I don’t think so … maybe a few token bars but not the now predominant
tungsten goldplate http://albertpeia.com/foolsgold.htm }
Spiegel
| For decades, almost half of Germany’s gold has been stored deep below the
Federal Reserve Bank of New York. Now, with the euro crisis swirling, German
politicians are asking their central bankers to take stock.
NY state asks feds to cover all $6 billion in storm costs...
http://albertpeia.com/inflationrisingfastandfurious.htm
http://albertpeia.com/worsethan2008.htm
{ The only
reason that it doesn’t appear that way here yet (though still quite bad) is
because of the profligate spending of money the nation doesn’t have to hide
obama’s egregious failure as president; exacerbating the nation’s already dire
predicament economically and otherwise. }
Superstorm Sandy's extremes, by the numbers AP By The Associated
Press { Damage
estimates are conservative and likely to go significantly higher.}
Submitted by Tyler
Durden on 10/31/2012 { I really have to say, I was thinking the same thing
regarding the outlandish spin (the ubiquity of which regardless of reality
helped get us to this precarious point in the first place) to be accorded this
unequivocally devastating blow to the economy, on top of all the other
‘deferred/pending’ blows to come! Really! }
http://albertpeia.com/18quotesaboutsandydestruction.htm
THERE’S SOMETHING ABOUT THAT SANDY … SHE AIN’T NO LADY! http://albertpeia.com/sandyaintnolady.htm
http://albertpeia.com/11horrifyingphotosofsandydestruction.htm
http://albertpeia.com/17thingsaboutsandy.htm
http://albertpeia.com/wheregoldshouldbebasedoninflation.htm
San Francisco
Chronicle { Congratulations to the World Series Champion Francisco Giants! }
http://albertpeia.com/layoffsjoblossesskyrocketing.htm
http://albertpeia.com/spainbeyondsaving.htm
http://albertpeia.com/37factscrueleconomydesperateamericans.htm
http://albertpeia.com/truthabouteumediawontreport.htm
Debates 'diminished' Obama, says Romney "You can
boil down what he's saying to four simple words: more of the same," Romney
said today in Reno. { I’m truly astounded that after 4 years of b***s***, lies,
profligate spending for obfuscation but much vacation, and consequent
unequivocal failure, people are even listening to, much less ‘buying’ what
wobama desperately says. Not even a word from 0 is worth listening to. That
includes those who should supposedly know better. Moreover, self-respect
requires that americans reject wobama’s desperate campaign slings, arrows, and
desperate entreaties which ignore the reality of his blatant failure in large
part owing to his having failed to do as promised last ‘eternal campaign’. Then
there’s the threats and intimidation from the niggers who are like ignorant,
vicious animals in lockstep accord with
the abject and utter presidential failure obama; yet, such typical ‘clannish’
racism by blacks is virtually ignored and rational opposition to the failure
spelled ‘0’ is being cast as racist. How can any nation survive such
contraindicated insanity. I’m truly
amazed! }
Why
Greg Smith Left Goldman: Wall St. Now an 'Eat-What-You-Kill System'
Dutch court says Samsung does not infringe Apple patent [
Though contrary, american courts almost without exception and the federal
system generally, are so corrupt and lacking in credibility that they really
deserve no precedential, jurisprudential respect…and get none. From my direct
experience: One thing is certain from my own direct
experience { The unfortunate reality is what I’ve
alluded to in the context of my own direct experience; viz., america’s ‘legal
system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws
to apply pressure, etc., and essentially run by the inmates of this collective
criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm } ; despite enormous amounts of taxpayer money
poured into the ‘federal system’, there’s relatively/proportionately very
little real significant results (an example would be the brutalizing of Martha
Stewart over a $45 thousand transaction while wall street frauds in the
trillions by the biggest players have gone unprosecuted). ( I believe
reasonable diligence requires self-reliance more than ever before in this
nation’s history; particularly when political correctness in some states
prevents calling a spade a spade to the substantial detriment of law
enforcement! http://albertpeia.com/selfdefense.htm ) ]
http://albertpeia.com/largestmosttoxicbanksystem.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/systemwherebanksdontcreatemoney.htm
http://endoftheamericandream.com
http://albertpeia.com/selfdefense.htm
[ One thing is certain from my own direct experience { The unfortunate reality is what I’ve alluded to in the context of my own
direct experience; viz., america’s ‘legal system’ is an illegal system used to
cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and
essentially run by the inmates of this collective criminal entity called
america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm } ; despite enormous amounts of taxpayer money
poured into the ‘federal system’, there’s relatively/proportionately very
little real significant results (an example would be the brutalizing of Martha
Stewart over a $45 thousand transaction while wall street frauds in the
trillions by the biggest players have gone unprosecuted). I believe reasonable
diligence requires self-reliance more than ever before in this nation’s
history; particularly when political correctness in some states prevents
calling a spade a spade to the substantial detriment of law enforcement! ]
Romney’s Detroit op-ed jumps to NYT’ ‘Most Read’ list
New Obama ad inflates jobs claim It claims the
president created 5.2 million new jobs. The total number of jobs added is
actually about 325,000. { Wobama is such a b***s***! O is a big ZERO as in 4
failed years minus 4 more years of failure equals 0 years to go come 11-6-12
and 1-21-13! O’s such a lying con/grifter! } Lance
Armstrong and America’s growing culture of psychopathic liars Natural News | Lance Armstrong’s implosion
is being called an “epic downfall” by CNN.
Obama’s attacks on Romney belittle presidency Marketwatch {
Indeed! Come on! What can wobama say? He has but a record of abject failure to
run on! And, the record IS unequivocally
utter failure! All the choom fantasy, fellow nigger intimidation and
threats will not change that fact!
Drudgereport 10-23-12: Obama
Supporters (niggers et als) Continue Threats To Riot, Assassinate Romney... }
Friday
Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End
Of My First Term In Office"
ZeroHedge.com Tyler Durden { Wobama the b
for b***s*** speaks … on the prior pre-election campaign trail ( The
Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm
http://albertpeia.com/50crazythingswobamasupportersthreatening.htm
{ The question is do americans have the courage to stand up to the uncivilized
terrorist niggers by giving the deserved boot to an egregiously failed
president obama who has proven himself to be a typical jive-talking b***s***
nigger himself! Or, are americans going to cower in fear of the nigger threats
and prove to the world they are but cowards of a failed nation. }
New
Threats to Riot if Obama Loses Election... [ The threats alone are a reason sufficient for backing President
Romney. If left unchecked, the nigger terrorists will be even further
emboldened to their already egregious criminal, terroristic ways. No man,
woman, or child will be safe if the lethal black cancer grows. The 4 years of O
have been complete, utter failure and no amount of wobama b***s*** and nigger
intimidation can change that fact! Quite simply, niggers are inherently
criminal terrorists: Examples of what people are saying include the following;
“If
obama dont get re-elected & romney wins .. on life every white persons
getting pistol whipped and im startin a riot.” ( SOURCE )
“If
Obama don’t win lets start a riot so Romney know what he’s getting himself
into.” ( SOURCE )
“You
know you ain’t shit if you gotta “MAKE” Mafukas vote for ROMNEY ! …. Mannnn
OBAMA better get back in office . Or BLACK FOLKS will riot.” ( SOURCE )
“If
Romney wins im goin on a rampage.” ( SOURCE )
“If
Mitt Romney wins the election I think its our duties as Black folks to riot and
fuck shit up.” ( SOURCE )
“If
every action IS met with an equal and opposite reaction ..what should workers
do to employers if Romney’s elected? #Riot in the streets!!” ( SOURCE )
“If
Romney becomes president let’s all start a riot.” ( SOURCE )
“If
romney wins, imma start a mf’n riot! Rns.” ( SOURCE ) ]
http://theeconomiccollapseblog.com
http://albertpeia.com/massiveriotsinamerica.htm
{ Ah,
yes, says the optimist who sees the opportunity in every calamity and not vice
versa. Indeed, President Romney’s election based upon american people’s
survival instincts and an awakening from the wobama b***s*** slumber of decline
will provide the opportunity to incarcerate the niggers who will use such as an
excuse to do what they’re inclined/predisposed to do anyway, and in one lawless
form or another, are already doing. Prison or sub-saharan Africa are the only
places suitable for niggers. Let no man, woman, or child fall prey to their
intimidation and uncivilized violence. http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm VIDEO: Black Student Becomes Enraged In Evolution
Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm }
http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm
{ Yeah! These are typical, mooching,
failing (but fun-lovin’/party animals), unproductive blacks; and non-blacks
should be outraged! }
Obama's
Lucky Charms: A Hindu God In His Pocket, A Masonic Emblem, And A Ring That Says
"There Is No God Except Allah"
http://albertpeia.com/ohowweird.htm Why do our politicians have to be so
weird? { Why? Because in, ie., O’s case, he is weird. Homo/hetero,
Muslim/Hindu/Christian, for Wall Street/against Wall Street, prosecute/no
prosecute, war/no war, say one thing/do another, truth/no truth, etc.. wobama’s
gotten’ by on b***s*** and ‘special consideration’ alone, never having done
anything of substance in his entire life. Indeed, even his so-called
‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced
fantasies which reveal a psychogenic/dissociative amnesia that works well in
the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’
littered with the cowpies of stark reality. People owe themselves and their
children more than this grifter’s con which in numbers measures more than the
increased deficits of all the presidents since President General Eisenhower
combined to obfuscate his unequivocal failure. Drudgereport: UPDATE:
Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall!
This from the record holder for fundraisers, 151 and counting. Then there’s the
100 plus rounds of golf in addition to being famously over-vacationed while in
office. Did wobama expect that these things would in choom fashion magically
come to fruition while he was ‘workin on his tan’, golf swing, or shootin’
hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm
The point is that you don’t have to love
Romney but you at least have to like yourself in saying ‘NO!’ to more wobama
b***s*** which is all that he is. Have some self-respect. His grade is
unequivocally ‘F’ for failure, having failed to do as promised which
coincidentally is a direct cause among others of this debacle called america’s
dark obama years. All the talk/b***s*** cannot change that reality. } http://albertpeia.com/10waysobamakillingjobsinamerica.htm Wobama’s Choom Gang
Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Friday
Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End
Of My First Term In Office"
ZeroHedge.com Tyler Durden { Wobama the b
for b***s*** speaks … on the prior pre-election campaign trail ( The
Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm }
Did the final presidential debate do
anything to influence who you will support in ... NBCNews.com { The following
comment is correct. The other aspect is that people are seemingly pathetically
ignoring that O’s last 4 years have been an abject, utter failure in
spectacularly unprecedented fashion. A sad commentary on the state of the
nation when such blatantly clear reality is ignored by so many, including those
who should know better.} ‘ Obama has told no truth in 4 years. He can't wave his hand and ignore
sequestration. We need a leader not a liar. Romney is our only choice.’
http://theeconomiccollapseblog.com
http://albertpeia.com/oneworldeconsystemkillsamericanjobs.htm
October 22, 2012
October 21, 2012
October 20, 2012
http://gainspainscapital.com
http://albertpeia.com/europebullionhyperinflation.htm
http://albertpeia.com/spainbackincrisismode.htm
Two bank failures take U.S. tally to 46, FDIC says Marketwatch
Microsoft’s benefit of the doubt is done Marketwatch {
Indeed! } Microsoft earnings fall ahead of slate of releases { There should
be no surprise here … microsoft word/windows 2000 professional … that’s it …
all downhill thereafter … newer op systems are invariably unstable regardless
of the amount of ram or processor (ie., AMD/Intel). Terrible! Pathetic!
Horrible! What can you expect from a failed government protected monopoly. }
Pimco says U.S. downgrade imminent Marketwatch
The failed banana republic/welfare state
of california, for wobama with eyes closed, a corruption/fraud/crime-ridden
state desperate to help 4 year failure obama by whatever fraudulent/corrupt
means:
‘…Business Insider's Henry Blodget claiming that "Well, we're glad to
say that we've finally gotten to the bottom of what happened" and that the
state in question is none other than California (supposedly as opposed to
Illinois to shut up those wacky conspiracy theorists). Turns out the site known
best for its slideshow presentations (which will soon double down as advertisements ) may have once
again fibbed just a little, following an official demand by none other than
California state Employment Development Department direct, Pam Harris (the
lying nigger), that BI retract its article. To wit: "Reports that
California failed to fully report data to the U.S. Department of Labor, as
required, are incorrect and irresponsible... It’s unfortunate this ‘reporter’
and others who repeated the article’s erroneous statements chose to speculate
rather than report, failing to confirm this information with EDD." Sure
enough, the 'reporter' in question replied, and it appears that Business
Insider is better informed than California when it comes to matters such as
these, and has refused to retract…’
http://www.marketwatch.com/story/ignore-volatile-jobless-data-hiring-still-slow-2012-10-18
‘…The culprit: California. The
nation’s most populous state appears to have shown a smaller number of claims
than usual two weeks ago. The seeming shortfall was probably made up for in the
most recent data. Since California is the state with the highest number of
overall claims, it can have a big influence on the weekly U.S. report. The
number of people who apply for benefits each week in the Golden State is
roughly equal to New York, Texas and Illinois combined. A message left with the
employment development department of California wasn’t immediately returned…’
What can you expect from niggers...0!
The niggerization of caifornia: 10
states stealing California's population { Stealing? I
don’t think so. There’s really nothing positive to say about california as a
(w)hole! Only jersey is worse! http://albertpeia.com/calihole.htm And, as recently as the Reagan ‘80’s that
was not nearly the case concerning california which has fallen far and fast.
} ,
What Do California And Detroit
Have In Common? (Hint: niggers, etc.) http://albertpeia.com/californiadetroitdeclineincommon.htm { Not to be confused with the baseball
Tigers: Congratulations on your pennant win! Go Big Cats! }, Failed Wobama
model illustrated: 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm Pro 0 New York’s not much better with their trillion dollar wall street
frauds/drain.
http://albertpeia.com/55factsaboutusdebtfinancesvotersshouldknow.htm
Microsoft earnings fall ahead of slate of releases { There should be no surprise here … microsoft word/windows 2000
professional … that’s it … all downhill thereafter … newer op systems are
invariably unstable regardless of the amount of ram or processor (ie.,
AMD/Intel). Terrible! Pathetic! Horrible! What can you expect from a failed
government protected monopoly. }
http://albertpeia.com/50crazythingswobamasupportersthreatening.htm
{ The question is do americans have the courage to stand up to the
uncivilized terrorist niggers by giving the deserved boot to an egregiously
failed president obama who has proven himself to be a typical jive-talking
b***s*** nigger himself! Or, are americans going to cower in fear of the nigger
threats and prove to the world they are but cowards of a failed nation. }
http://theeconomiccollapseblog.com
http://albertpeia.com/massiveriotsinamerica.htm
{ Ah,
yes, says the optimist who sees the opportunity in every calamity and not vice
versa. Indeed, President Romney’s election based upon american people’s
survival instincts and an awakening from the wobama b***s*** slumber of decline
will provide the opportunity to incarcerate the niggers who will use such as an
excuse to do what they’re inclined/predisposed to do anyway, and in one lawless
form or another, are already doing. Prison or sub-saharan Africa are the only
places suitable for niggers. Let no man, woman, or child fall prey to their
intimidation and uncivilized violence. http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm VIDEO: Black Student Becomes Enraged In Evolution
Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm }
…
The
following are 50 crazy things that Obama supporters are threatening to do if
Romney wins...
if romney wins
i will cry in the fetal position every day ( Source )
I'm serious: if
Mitt Romney wins the presidency I'm moving to La Jolla to live in his vacant
mansion # election ( Source )
# IfObamaDontWin ima be walking
around playing # 2Pac with a 38 on
my hip every where i go" ( Source )
Best believe if
Romney wins I'm dropping out and selling drugs ( Source )
If romney win
ima start bac robbin white folks.! ( Source )
if Romney
actually wins, I'm starting a riot ( Source )
If Romney take
away weave & my yams(foodstamps) . Ima get his White Asz ( Source )
If Mitt Romney
wins , I'm never having sex again! ( Source )
if Romney wins
and there's a riot, I'm participating! ( Source )
# IfObamaDontWin hell yeah
America should riot and kill Romney!!! ( Source )
if # Romney becomes
president ima find away to be in the black panthers so we can take that mf out.
( Source )
If Mitt Romney
wins the election, I volunteer as tribute for the Hunger Games ( Source )
If Romney Get
Elected , The Only Hope Ima Have Is Sellin Dope ! # Gshit ( Source )
Why ppl say if
Romney win it's back to the feilds? Lol if he win ima blow the white house up ( Source )
If mitt Romney
gets elected then ima buy all the tampons in the store!!!!!!!! And probably buy
them in bulk from Sam's club ( Source )
If Romney takes
away food stamps 2 Chainzz in this bit IMMA START A RIOT ( Source )
If romney do
win.. This riot is gon help out my christmas shoppin alot lol ( Source )
I think we are
all being too kind as Dems. If Romney wins see how kind he will be to our
Middle class disappearing pockets. This is war! ( Source )
If Romney wins
I'm moving out of the country.. ( Source )
If Romney wins
who’s moving to Canada with me? ( Source )
# IfObamaDontWin Im moving to
mexico lol ( Source )
I swear if # Romney wins Im legit
packing up my stuff and moving to england!! I cant stand him! He always changes
his mind! ( Source )
# IfObamaDontWin Why hello
Italy.. I'm going back. ( Source )
If Romney wins
the election I'm fleeing to Brazil after graduation. ( Source )
# IfObamaDontWin Im Moving To
Ghana ( Source )
# IfObamaDontWin I'm Moving to Zimbabwe.
( Source )
I’m an
undecided voter. I haven’t decided where I’m moving if Romney wins. ( Source )
My mom said if
Romney wins we're leaving the country ^.^ ( Source )
# IfObamaDontWin people are
gunna move to a different country were they can get financial help ( Source )
I think ima
start a riot if romney win. ( Source )
Maybe workers
should stand together and tell bosses if Romney wins they're walking off the
job. ( Source )
If I see
another "Romney" sign I swear ima knock it down... -_- # Obama2012 ( Source )
Ima start
stealing Romney signs for a bonfire lol ( Source )
if romney wins
our ppl will riot.... ( Source )
If Romney
became President and took away welfare Downtown Cincinnati would become a riot
( Source )
If Mitt Romney
wins come Nov. I'm becoming an Atheist Nun, just to shut-down those dickheads
that want take control over me. ( Source )
If romney
becomes president just know it's gone be a RiOT ! People can't stand him. ( Source )
Guys if Romney
wins that means no more food stamps. The hood is about to have its own hunger
games... ( Source )
Oh wow! I heard
there is gunna be a big riot if Romney wins! ( Source )
When Romney
wins, deys arl gonna riot and kill the cwacker, and da rest of da whiteys too.
(I CAN'T F$KING WAIT!) I need a target rich envir ( Source )
@ FloggerBarb LMAO! Naw, my
homeboy paged me. Say he gots to axe me a question about rioting # ifobamadontwin holla, jig! ( Source )
If mitt Romney
wins instead of ridin round wit da Nina we Gonn be ridin round wit dat pistol ( Source )
Dear American
pro-lifers, if Mitt Romney becomes president, I will personally abort one
foetus for every vote he wins. # tryme ( Source )
I Heard Mitt
Romney , Tryna Take Away Food Stamps , If He Do ."IMA START A RIOT , IMA
START A RIOT" ( Source )
If Romney wins
Ima start a riot ill burn the whole White House down ( Source )
If Romney wins
then ima take it upon myself to assassinate his ass!! ( Source )
IF MITT ROMNEY
WINS THERE WILL BE A CIVIL WAR ( Source )
If Romney wins,
I think I'll kill myself. Can't live through the indignity of that on top of a
really crappy year. ( Source )
I Hope The USA
Is Well Aware That If In The Event This Character Romney Wins The Election, The
People Will Start A Country Wide Riot! # Power ( Source )
If Mit Romney
win ima start a fucking riot str8 burning shit down ( Source )
http://albertpeia.com/twofacts.htm
http://albertpeia.com/lastdaysofamerica.htm
http://albertpeia.com/waitingforgodoe.htm
http://albertpeia.com/americanfoodfeces.htm
http://thetruthwins.com
http://albertpeia.com/globalfoodreservesdown.htm
http://albertpeia.com/21signsglobaleconomiccrisisabouttogetmuchworse.htm
http://albertpeia.com/greeceyuntappedwealth.htm
Bear market may begin Tuesday { We are in a
secular bear market (foolishly) obfuscated by fiat paper currency
creation/printing! }
Did Bernanke Bluff About QE3?
http://albertpeia.com/bernankebluff.htm
http://thetruthwins.com
http://albertpeia.com/allfornaught.htm
[ And such
would be all for naught, in any event. CNN: Your
Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within
75 years. { 75 years? This world
ain’t got 75 years … decades at best! For those ‘glass-half-full-reality-be-damned’
types, the bright side is that there will still be that desolate ‘third rock
from the sun’; which, like ‘old man river’, will just keep rollin’ along
(around the sun). } ]
Marketwatch: Florida
poll shows Romney leading Obama by 7 points
FOX: Stocks: More decay is on the
way In times like these, a medium-term speculator's prey is
usually found in the more-speculative climes of the market, i.e. Nasdaq titles.
Poll: Romney leads Obama in
Florida by 7 points
Obama's Lucky Charms: A Hindu
God In His Pocket, A Masonic Emblem, And A Ring That Says "There Is No God
Except Allah" http://albertpeia.com/ohowweird.htm Why do our politicians have to be so
weird? { Why? Because in, ie., O’s case, he is weird. Homo/hetero,
Muslim/Hindu/Christian, for Wall Street/against Wall Street, prosecute/no
prosecute, war/no war, say one thing/do another, truth/no truth, etc.. wobama’s
gotten’ by on b***s*** and ‘special consideration’ alone, never having done
anything of substance in his entire life. Indeed, even his so-called
‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced
fantasies which reveal a psychogenic/dissociative amnesia that works well in
the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign
trail’ littered with the cowpies of stark reality. People owe themselves and
their children more than this grifter’s con which in numbers measures more than
the increased deficits of all the presidents since President General Eisenhower
combined to obfuscate his unequivocal failure. Drudgereport: UPDATE: Obama gives himself an
'incomplete' grade... {
Wow! The audacity! The unmitigated gall! This from the record holder for
fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in
addition to being famously over-vacationed while in office. Did wobama expect
that these things would in choom fashion magically come to fruition while he
was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm
Dave’s Daily: http://www.etfdigest.com ‘JOBLESS CLAIMS SNAFU 10-11-12 You can almost
hear Jack Welch’s “I told you so” after Thursday’s Jobless Claims data was
released…’
Jack Welch: I Was Right About
That Strange Jobs Report
WSJ |
The 7.8% unemployment figure released by the BLS last week is downright
implausible.
{ How pathetic, desperate, corrupt and dishonest is the
wobama et als’ latest manipulation … 10-11-12
Kass: " Labor Dept said one
large state didn’t report additional quarterly figures as expected, accounting
for a substantial part of the decrease." } Several factors have been attributed to
the lower than expected US initial jobless claims number, including the
following: - The US Labor market noted that one
state accounted for the entire drop.
Update details:
- Although initial upside was seen in US
stock futures, most of the move has since been pared as attention paid to these
factors.
Al Peia • 20 mins ago (posted to
Yahoo News) What large
state? Nobody seems to care. That state's going to pay for the scam/fraud/corruption. What state?!
http://theeconomiccollapseblog.com
http://albertpeia.com/massiveriotsinamerica.htm
{ Ah,
yes, says the optimist who sees the opportunity in every calamity and not vice
versa. Indeed, President Romney’s election based upon american people’s
survival instincts and an awakening from the wobama b***s*** slumber of decline
will provide the opportunity to incarcerate the niggers who will use such as an
excuse to do what they’re inclined/predisposed to do anyway, and in one lawless
form or another, are already doing. Prison or sub-saharan Africa are the only
places suitable for niggers. Let no man, woman, or child fall prey to their
intimidation and uncivilized violence. http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm VIDEO: Black Student Becomes Enraged In Evolution
Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm }
http://albertpeia.com/unsustainable.htm
http://endoftheamericandream.com
http://albertpeia.com/ohowweird.htm
wobama’s gotten’ by on b***s*** and ‘special
consideration’ alone, never having done anything of substance in his entire
life. Indeed, even his so-called ‘auto-biographies’ are works of what appear to
be ‘choom-gang’ induced fantasies which reveal a psychogenic/dissociative
amnesia that works well in the continuing ‘narrative’ devoid of fact on his
‘more b*** s*** campaign trail’ littered with the cowpies of stark reality.
People owe themselves and their children more than this grifter’s con which in
numbers measures more than the increased deficits of all the presidents since
President General Eisenhower combined to obfuscate his unequivocal failure. http://albertpeia.com/10waysobamakillingjobsinamerica.htm Wobama’s Choom Gang
Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Friday Humor: "I Am
Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In
Office" ZeroHedge.com
Tyler Durden { Wobama the b for b***s*** speaks … on
the prior pre-election campaign trail ( The Real Obama Budget Deficit
For 2011: 5 Trillion Dollars
http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm } You can tell a lot about a person by the
jewelry that they wear and by the things that they carry around in their
pockets, and Barack Obama's "lucky charms" include a Hindu god, a
Masonic emblem and a "wedding ring" that has the phrase "there
is no god except Allah" inscribed on it. So what do these things tell
us about Barack Obama? That is a very good question. Perhaps
someone should ask him about these items. If he is indeed a Prince Hall
Freemason (as has been publicly reported ), then he
should just come out and admit it. If he feels a connection to Hinduism
or Islam, then he should just come out and admit it. One of the biggest
things that annoys so many people about Obama is the secrecy that he has about
his past. There are vast stretches of his history that nobody is even
supposed to talk about. We are all just supposed to accept that he is a
"Christian" man that is not into any freaky stuff even when there is
a tremendous amount of evidence to the contrary…’
Euro
erases gains after Spain downgraded
S&P
cuts Spain's rating to one notch above junk
Playing games with pensions Public pensions are severely underfunded, threatening the
retirements of government workers and taxpayer wallets.
Food Inflation To Surge,
Goldman Warns
http://albertpeia.com/28questionsmainstreammediashouldbeasking.htm
http://albertpeia.com/largesteconomyimploding.htm
MF cuts
2012, 2013 global growth forecasts Marketwatch
http://albertpeia.com/inflationrateisalietoo.htm
http://albertpeia.com/chinamiraclegovernmentfraud.htm
http://albertpeia.com/spaincouldbringdowneubanksystem.htm
http://albertpeia.com/detroitdeathsdoor.htm
Romney
leads by four points in post-debate survey
Obama Flying to LA to Reassure Hollywood Donors
Hollywood Reporter - Oct 6, 2012 --- The president arrives for a star-studded concert and
high-roller dinner on Sunday amid "shock" in Hollywood over his
Denver debate performance. { Sure…Forget about reassuring the nation that he’s
something other than the failed, grifting incompetent jive-talking b***s***
nigger that he has proven to be after four years; instead, reassure the
‘brain-dead-of-nutwood’ bankrolling his unmitigated failure! The b***s***
performance … fellatio anyone? … says obama. }
Welch: Obama manipulating numbers after debate
performance... { There are
some people (and their assessments) that you might dismiss as light-weight
partisans… Jack Welch is not one of them! Indeed, among the rarest breed
historically of exceptional american CEO’s, Welch points to the folly of
preposterously a month before elections, on paltry/pathetic jobs numbers (
election year temp/part-time for manipulating stats along with the nebulous
‘stopped looking’ fudge factor) , following a disasterous debate showing (of
wobama failure and incompetence), the unemployment rate falls to just below the
‘superstitious’ 8.0. If you’re a fool, you’ll buy into what is tantamount to
the obama 100% employment fantasy where literally everyone but him has stopped
looking for work and hence, not counted in compiling the unemployment rate (and
then those jobs in the millions lost and gone forever on his watch - what a
banana republic!). Come on, wake up!: JACK WELCH: OBAMA
IS MANIPULATING THE JOBS NUMBERS BECAUSE HIS DEBATE PERFORMANCE WAS
AWFUL…UNBELIEVABLE JOBS NUMBERS…THESE CHICAGO GUYS WILL DO ANYTHING…CAN’T
DEBATE SO CHANGE NUMBERS. } Read more: http://www.businessinsider.com/jack-welch-obama-jobs-report-numbers-romney-2012-10#ixzz28QfCZ67d
JACK WELCH: Obama Is
Manipulating The Jobs Numbers Because His Debate Performance Was Awful
Business
Insider | Former GE CEO Jack Welch’s reaction to non-farm payrolls adding
114,000 new jobs in September and the unemployment rate falling to 7.8
percent. Welch: Obama manipulating numbers
after debate performance...
{ There are some people (and their assessments) that you might dismiss
as light-weight partisans… Jack Welch is not one of them! Indeed, among the
rarest breed historically of exceptional american CEO’s, Welch points to the
folly of preposterously a month before elections, on paltry/pathetic jobs
numbers ( election year temp/part-time for manipulating stats along with the
nebulous ‘stopped looking’ fudge factor) , following a disasterous debate showing
(of wobama failure and incompetence), the unemployment rate falls to just below
the ‘superstitious’ 8.0. If you’re a fool, you’ll buy into what is tantamount
to the obama 100% employment fantasy where literally everyone but him has
stopped looking for work and hence, not counted in compiling the unemployment
rate (and then those jobs in the millions lost and gone forever on his watch -
what a banana republic!). Come on, wake up!: JACK WELCH: OBAMA IS MANIPULATING THE
JOBS NUMBERS BECAUSE HIS DEBATE PERFORMANCE WAS AWFUL…UNBELIEVABLE JOBS
NUMBERS…THESE CHICAGO GUYS WILL DO ANYTHING…CAN’T DEBATE SO CHANGE NUMBERS. }
Reason For Today’s
Unemployment Rate Plunge: Part-Time Jobs For Economic Reasons Surge Most Since
QE1 Announcement
Zero Hedge | We already noted the absolutely stunning surge in reported
Household Survey jobs which “added” 873,000 jobs.
{ Come on! People have to start calling
a spade a spade! O’s just a typical incompetent, jive-talking b***s*** nigger!
He is so pathetic and a total embarrassment! } ‘Well, isn't that convenient? The
Obama campaign desperately needed the last employment report to be released
before the election to show that the unemployment rate had fallen below 8
percent, and somehow it magically happened. Even though non-farm payroll
employment only increased by 114,000 last month (not enough to even keep up
with population growth), the official unemployment rate fell from 8.1 percent
to 7.8 percent. So how did that happen? Well, the unemployment
number is not based on the survey of employers that showed that 114,000 jobs
were added to the economy last month. Rather it is based on a survey of
households. And that survey showed that the total number of Americans
employed last month increased by a whopping 873,000 - almost eight times the
number that the employer survey showed. That figure for September
(873,000) was the biggest one month increase in 29 years . And it
just happened to come at the exact perfect time for Barack Obama. So was
there a jobs report conspiracy? Examine the evidence and decide for
yourself.
The number of Americans with a job fell by
195,000 in July.
Then it fell by another
119,000 in August.
But somehow in September it miraculously
exploded in the other direction and 873,000 jobs were added to the
economy?
If you believe that, I have a bridge
that I want to sell you.
Somehow, the largest increase in jobs in
29 years happened just when Barack Obama needed it the most.
Nah, that doesn't sound fishy to me at
all.
We are being told that a big reason for
the huge increase was the number of Americans working part-time for
"economic reasons". That number surged from 8.0 million in
August to 8.6 million in September.
Why the sudden jump?
Nobody can really explain it.
And if you look at the U6 unemployment
rate, nothing has really changed at all. U6 is still at 14.7 percent just
like it was last month.
But the media is not going to talk about
the U6 rate. Instead, all of the headlines are going to be about
"7.8 percent".
According to the survey of employers,
the U.S. economy added fewer jobs in September than it did in August, and it
added fewer jobs in August than it did in July.
So according to the survey of employers,
the employment situation in the United States is getting worse.
But according to the household survey,
we just had the greatest month of job creation since the first term of Ronald
Reagan.
Something does not add up.
And as I have written about previously , the
unemployment rate would actually be up around 11 percent instead of 7.8 percent
if not for the millions of workers that the government claims "dropped out
of the labor force" over the past few years because they became too
discouraged to look for work.
So unemployment in America is still a
massive crisis , but the media is boldly proclaiming that things are
getting better and that we are on the road to recovery…’
…
The following is a sampling of skeptical
quotes about this jobs report....
Former GE chief Jack
Welch
Unbelievable jobs numbers..these Chicago guys will do anything..can't
debate so change numbers
Chapwood Capital Investment
Management Managing Partner Ed Butowsky
I feel like I’m watching a movie. There is no way in the world these
numbers are accurate.
Neil
Irwin
"Weird that payrolls are exactly on forecast but household survey is
far better."
Conn Carroll
While it is highly improbable that BLS conspired to cook the books, there
is still a huge 756,000 job gap between the number of jobs employers told the
Labor Department they created in September (114k), and the number of Americans
who told the labor department that they got new jobs (873k).
U.S. Representative Allen West
I agree with former GE CEO Jack Welch, Chicago style politics is at work
here. Somehow by manipulation of data we are all of a sudden below 8 percent
unemployment, a month from the Presidential election. This is Orwellian to say
the least and representative of Saul Alinsky tactics from the book "Rules
for Radicals"- a must read for all who want to know how the left
strategize . Trust the Obama administration? Sure, and the spontaneous reaction
to a video caused the death of our Ambassador......and pigs fly.
Gluskin Sheff's David Rosenberg
That the 7.8 percent jobless rate takes it to the level that prevailed
when the President took office in January 2009 has raised many an eyebrow. I
don't believe in conspiracy theories. But I don't believe in the Household
Survey either.
This notoriously volatile indicator has become even more so in recent
months. It showed a 195K slide in July and a 119K decline in August, to only
then reveal a massive 873K surge in September.
Radio host Laura Ingraham
"Jobs #s from Labor Secretary Hilda Solis are total pro-Obama
propaganda--labor force participation rate at 30-yr low. Abysmal!"
Americans for Limited
Government
"Either the Federal Reserve, which has its fingers on the pulse of
every element of the economy, and the Bureau of Labor Statistics manufacturing
survey report are grievously wrong or the number used to calculate the
unemployment rate are wrong, or worse manipulated. Given that these numbers
conveniently meet Obama's campaign promises one month before the election, the
conclusions are obvious."
Rick Santelli
"I told you they'd get it under 8 percent — they did! You can let
America decide how they got there!"
Of course the backlash in the media
against skepticism of the jobs report has been very forceful.
Already, those that are doubtful of the
legitimacy of the jobs report are being called "truthers" - as if
there is something wrong with wanting to know the truth.
Sadly, that is how things work these
days. If you don't like the viewpoint that some people are expressing,
you just label them "conspiracy theorists".
…
{ JACK WELCH: Obama Is
Manipulating The Jobs Numbers Because His Debate Performance Was Awful Business Insider | Former GE CEO Jack
Welch’s reaction to non-farm payrolls adding 114,000 new jobs in September and
the unemployment rate falling to 7.8 percent.
Welch: Obama manipulating numbers
after debate performance...
{ There are some people (and their assessments) that you might dismiss
as light-weight partisans… Jack Welch is not one of them! Indeed, among the
rarest breed historically of exceptional american CEO’s, Welch points to the
folly of preposterously a month before elections, on paltry/pathetic jobs
numbers ( election year temp/part-time for manipulating stats along with the
nebulous ‘stopped looking’ fudge factor) , following a disasterous debate
showing (of wobama failure and incompetence), the unemployment rate falls to
just below the ‘superstitious’ 8.0. If you’re a fool, you’ll buy into what is
tantamount to the obama 100% employment fantasy where literally everyone but
him has stopped looking for work and hence, not counted in compiling the
unemployment rate (and then those jobs in the millions lost and gone forever on
his watch - what a banana republic!). Come on, wake up!: JACK WELCH: OBAMA IS MANIPULATING THE
JOBS NUMBERS BECAUSE HIS DEBATE PERFORMANCE WAS AWFUL…UNBELIEVABLE JOBS
NUMBERS…THESE CHICAGO GUYS WILL DO ANYTHING…CAN’T DEBATE SO CHANGE NUMBERS. }
http://thetruthwins.com
http://albertpeia.com/whichcurrencythecomingdollarreplacement.htm
After the
debate debacle for Obama, we’ll find out if we have a race
Obama mocks Romney as ‘getting tough on Big Bird’ { Wow! Great point O. I bet that point wasn’t even teleprompted; strictly
your own. Now people know why america’s going down so fast and furious! } Drudgereport: UPDATE: Obama gives himself an
'incomplete' grade... { Wow!
The audacity! The unmitigated gall! This from the record holder for
fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in
addition to being famously over-vacationed while in office. Did wobama expect
that these things would in choom fashion magically come to fruition while he
was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm
The point is that you don’t have to love
Romney but you at least have to like yourself in saying ‘NO!’ to more wobama
b***s*** which is all that he is. Have some self-respect. His grade is
unequivocally ‘F’ for failure, having failed to do as promised which
coincidentally is a direct cause among others of this debacle called america’s
dark obama years. All the talk/b***s*** cannot change that reality. Obama:
Biggest mistake too much perspiration, not enough inspiration [What total b***s***!] { Biggest mistake:
too much b***s***, not enough substance; that’s reality, not spin! } White
House on weak jobs report: Don’t ‘read too much’ into it Olivier Knox, Yahoo! News { Riiiiight! Sounds like a plan! After all,
wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having
done anything of substance in his entire life. Indeed, even his so-called
‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced fantasies
which reveal a psychogenic/dissociative amnesia that works well in the
continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’
littered with the cowpies of stark reality. People owe themselves and their
children more than this grifter’s con which in numbers measures more than the
increased deficits of all the presidents since President General Eisenhower
combined to obfuscate his unequivocal failure. http://albertpeia.com/10waysobamakillingjobsinamerica.htm } Obama Asks People Getting Married To Forgo Gifts... Donate To His Campaign Instead... AP: ‘…THE FACTS: Five
Senate Democrats voted against sending the DREAM Act to the Senate floor for
full consideration. The bill would have created a path to citizenship for many
young illegal immigrants brought to the United States as children. Last week,
Obama announced plans to stop deporting illegal immigrants who would have
qualified for the DREAM Act. The policy change does not include a path to
citizenship…’ Then there’s the other meretricious
‘wobama desperation hail mary’ that once again falls short. Indeed, as an
investor, one analyzes earnings, projects prospective earnings over a 3-5 year
horizon, and the quality of the earnings along macro economic factors which are
affected by ‘political considerations’. Does anyone remember the honorable Ross
Perot who warned of NAFTA’s effect on american jobs even as the democrat
administration et als were hell-bent on passing same? Should Romney have
breached his legal duty to shareholders and invested in companies with poor
earnings prospects? After all, in the financial / security analysis step of
projecting the income statement, prospective labor costs figure prominently in
the bottomline. In sum, Romney took conditions as he found them, and made the
prudent choices which as per his legal duty were optimal for those who put
their trust in him. For those who put their trust in proven failure wobama, all
they have to show for such misplaced trust are broken campaign promises, now
insurmountable record deficit spending exceeding all the presidents since
Eisenhower combined to obfuscate what clearly has been wobama’s unequivocal
failure. ] Will accept your birthday or anniversary gifts,
too...
IF IT WAS ONLY ONE THING ABOUT WOBAMA THAT MAKES HIM SO WRONG. YET, IT’S A
MULTITUDE OF REALITIES; FROM INVARIABLY BROKEN CAMPAIGN PROMISES ( Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the
unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall
street ( and declares with oscar in hand that not one high level wall street
exec has been prosecuted … despite ‘earning’ billions from the fraud ) Cases against Wall Street lag
despite Holder’s vows to target financial fraud WP Obama has
promised to hold Wall Street accountable for the meltdown. ‘ THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , etc.) , TO VERY REAL BIRTH ISSUES (WHAT PERSON FAILS TO
GET THEIR PLACE OF BIRTH CORRECT – THE FRAUDULENT WOBAMA KIND http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ) , TO THE CURRENT OBFUSCATING FRAUD, Obama's Five Trillion Dollar
Lie http://albertpeia.com/obamas5trilliondollarlie.htm { the economy is already in depression in real terms when taking into account real
inflation numbers. Financial Crisis Phase II Is
Ahead at Forbes Bert Dohmen ‘ In late 2007, I
wrote the book Prelude To Meltdown , predicting the global crisis that
occurred the following year. I now see a similar confluence of events ..
“the new recession has started.”… Over the past 33 years, we have called the
start of every recession..Currently, the GDP deflator is 1.8%, which hardly
reflects the true rise in prices. Therefore, what is counted as “growth,” is
actually price increases. Actual inflation..is now more than 11%. Using that to
adjust GDP for inflation, would show that the economy is now in a very sharp
contraction…’ } , WOBAMA ET ALS’ DISINGENUOUS ATTACKS AGAINST ROMNEY ON WHAT WAS PRIZED AND
LAUDED AS LEGAL, COMPETENT MANAGEMENT INCREASING SHAREHOLDER WEALTH (THE TASK
OF COMPETENT MANAGEMENT) IN THOSE BLOATED, NON-COMPETITIVE TIMES CONTRASTED
WITH WOBAMA’S UNPRECEDENTED FURTHER BANKRUPTING OF THE NATION AND INDISPUTABLE
FAILURE AS PRESIDENT ( Obama's Legacy: A Failed Recovery & Double-Dip
Recession Forbes /
Mariotti ‘…There will be
no significant recovery in the United States of America while Barack Obama is
President. The evidence is overwhelming: everything Obama has tried
to fuel a recovery (with his Democratic allies in Congress) has failed.
Statistics claiming jobs saved by the stimulus package were mostly fiction, and
cost American taxpayers about $275,000 each. Nearly 2-1/2 million fewer
Americans have jobs than before the stimulus. Barack Obama has been President
for 30 months—2-1/2 years. He spent the first year obsessed with passing
Obamacare, a program that doesn’t create jobs, but might destroy a lot of them.
He “bailed out” GM, but many believe that his interference didn’t save
GM; it merely cost taxpayers an extra $15-20 billion, and stole from legitimate
investors to buy off the UAW. His broken campaign promises are too
numerous to list…’). IT IS NOTHING SHORT OF TRAGEDY TO SEE PEOPLE DELUDE AND
MAKE FOOLS OF THEMSELVES IN SUPPORT OF JIVE-TALKING GRIFTER/CON-MAN OBAMA. GOOD
BYE FORMER FAILED PRESIDENT WOBAMA … GOOD RIDDANCE!
Fed's Latest Easing Has Little Impact
-- Out of Bullets (As Predicted By Many, including Graham Summers, all of whom
among others assert the severe inflationary impact of the misguided over-printing/creating/fiat currency and ‘weimar
effect’)?
http://albertpeia.com/christianspatriotsobamasterrorists.htm
http://albertpeia.com/americanspoorerfattersicker.htm
http://albertpeia.com/bernankesnexthousingcrash.htm
http://albertpeia.com/fearthebighyperinflationcoming.htm
http://alberpeia.com/feddestroyingeconomy.htm
Time to
reap gains and hedge positions
Marketwatch ‘it is time to take
profits’
http://albertpeia.com/fedroadtoperdition.htm
http://thetruthwins.com
http://albertpeia.com/grifterobamaslivinglargeontaxpayerdime.htm
{ Yeah! These are typical, mooching,
failing (but fun-lovin’/party animals), unproductive niggers; and non-niggers
should be outraged! }
http://albertpeia.htm/proofofcentralbankplanningfailure.htm
http://albertpeia.com/uslooksdownonunemployedmen.htm
http://albertpeia.com/14signsworldeconomyweaker.htm
http://albertpeia.com/businessownersknoweconomybetterthanfedben.htm
{ I feel compelled to add here what I felt was
more than just a leap of faith by Mr. Summers who has in a recent public issue
stated that he believes the biggest frauds on wall street will be brought to
justice. Wow! That’s really all I can say. The next thing he might say is that
pervasively corrupt, defacto bankrupt america et als, along with the
manipulated fraudulent securities markets, are legitimate. Wow! In his
fact-filled renderings, focus more on Mr. Summer’s facts, fact-based inferences
and conclusions, and less on his unsupportable opinions as, ie., prosecutions
of the biggest wall street frauds are acomin’, or that meaningfully lawless
america’s suddenly grown scruples along with gonads (America has neither the
courage nor the will). Wow! }
{ The frauds on wall
street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed, without exception !
Roche 'The worst part of it
...Obama, who vowed change, has done almost nothing to fix any of it and
in fact continues most of the policies that helped get us here in the first
place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the
unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall
street ( and declares with oscar in hand that not one high level wall street
exec has been prosecuted … despite ‘earning’ billions from the fraud ) Cases against Wall Street lag
despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown.
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Guest Post: The West Has Just
Become A Giant Banana Republic
ZeroHedge.com by Tyler Durden { Yeah! This really is too true for words!
It’s been my direct experience for quite some time now and is quite a pathetic
scenario! } Legal precedent means nothing. Rule of law means nothing.
Free speech means nothing. Their own treaties mean nothing. It’s
unbelievable. Anyone in the west who honestly thinks he’s still living in
a free society is either a fool or completely out of touch. If that seems
too radical an idea, consider that ECUADOR is now the only nation which
stands to defend freedom and human rights against an assault from the
United States, the United Kingdom, and their spineless allies. The west
has just become a giant banana republic. Have you hit your breaking point
yet? If not now… when? { { I’m really
constrained to interject my own direct experience with the FBI here; and, I
must say I do so lamentably. If you want no real results vis-ŕ-vis organized
crime which now extends to the upper reaches, highest levels of the corrupt
u.s. government, go to the FBI. I discounted the new jersey FBI as just typical
corrupt, mob infested jersey which thinks in terms of discos/casinos. But,
truth be told, they never ask the ‘tough’ questions of the biggest criminals;
ie., the biggest wall street frauds, cia connected illegal ‘drug ops’
(ops…riiiiight), federal judges ie., trump barry, shiff, alito, etc.; but, they
did go after Martha Stewart in a very big way over a $45,000 transaction. Wow!
You can’t make this stuff up. I also don’t believe their (understated) crime
stats for even a second. I’m beginning to feel foolish for having even put my
full faith and trust in them, much less the ‘federal (judicial) system’ who
share the ‘same employer’; and, despite my antipathy for the mob, probably
would have fared ‘more fairly’ with the mobsters directly who seem to have at
least some sense of the magnitude of the fraud involved and the pervasive
corruption of the system and government and maybe a semblance of honor in this
nation of protracted decline. It never would have occurred to me back when for
me, such a choice/decision was clear-cut and simple. Such a course as mine I no
longer could recommend inasmuch as there is little difference between
state/government sponsored crime/corruption and that perpetrated by other
criminal elements, from my direct experience with both, infra: Debauchery: An American
specialty In the land of Lindsay Lohan and Snooki, some federal
workers reflect our culture all too well. (Washington Post) [ Lindsay Lohan?
Come on Mr. Milbank, hands off the low hanging fruit. She’s totally harmless.
Jersey ‘italian’ snooki? In mob infested new jersey, who knows (one of the
properties in my proceedings for which surplus funds are unaccounted for was a
2 bedroom 1 and 1/2 bath condominium in seaside heights, n.j.). But debauchery
an american specialty? Another rare instance wherein I agree with Mr. Milbank
completely. 25 Signs That America Is A
Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics
held close to vest EXCLUSIVE | Documents and interviews show FBI and
Justice Department officials took steps to control information uncovered by a
task force designed to examine cases involving discredited agents. Many
defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington
Post) [ Well, I really have to say this. I’m awaiting word from the FBI as to
resolution, one way or the other, concerning the RICO matters which have been
systematically and corruptly covered up by the government (executive,
legislative, and judicial branches of the pervasively corrupt, defacto bankrupt
u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . Never in my
wildest dreams would I have believed the level and extent of corruption and
criminality within the ranks of the u.s. government before embarking upon this
costly quest for justice and simple fairness consistent with clear law (infra,
regarding the u.s. government’s direct involvement in the illegal drug trade).
In this civil RICO matter, there are no innocent bystanders; but rather,
perpetrators, accomplices, and co-conspirators. When the fbi agent initially
assigned to this matter (Connecticut) abruptly resigned/retired shortly after a
conversation, though not central to my case, wherein I had said that rudy
giuliani’s father had been an (convicted) enforcer for the mob (served 12
years? in prison, aggravated assault/manslaughter?) and then sent him
documentation owing to his disbelief. Though ultimately ineffectual vis-ŕ-vis
my case, he was a likeable guy for whom I had and still have regard. I then
spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who
somewhat plaintively (‘my call being a burden’) told me that ‘he was a Ford,
and I was a Ferrari’, which he didn’t explain further. Could anyone tell me
what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an
FBI Agent who sarcastically asked me whether I was ‘going to the disco that
night’ (the documents including sworn statements delivered to then u.s.
attorney sam alito’s office in the same building disappeared twice along with
the initial assistant u.s. attorney Jonathan Lacey with whom I had reviewed the
documentary evidence, documents and their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf .
We all can infer sam alito’s reward / quid pro quo for his cover-up by his
current position on the u.s. supreme court. There was never a
question as to maryanne trump barry’s interest in corrupting the judicial
process as related to her brother’s (trump) casinos. Jersey city boy louis
freeh, labeled by former Prosecutor Larry Klaiman as the most corrupt FBI
director ever (see infra, mueller seems no different, and certainly holder’s
impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and
furious, race bias favoring blacks, etc.) apparently covered up the RICO
violations as sent to him, and, with italian citizenship and lucrative insider
deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with
whom I reviewed the RICO documents and confirmed same as indicative of (drug)
money laundering was transferred shortly after meeting with him, as has been so
of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I
discussed the RICO matter and case disks/dvd’s sent to the LA FBI office (they
printed the documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here
in Los Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to
believe it based on my own experience and reasonable inference. I’m currently
being ‘stonewalled’ by the LA FBI office since the departure of FBI Agent Bill
Lewis.}
September 26, 2012 http://gainspainscapital.com
http://albertpeia.com/theresnoengineforglobalgrowth3.htm
{ I
feel compelled to add here what I felt was more than just a leap of faith by
Mr. Summers who has in a recent public issue stated that he believes the
biggest frauds on wall street will be brought to justice. Wow! That’s really
all I can say. The next thing he might say is that pervasively corrupt, defacto
bankrupt america et als, along with the manipulated fraudulent securities
markets, are legitimate. Wow! In his fact-filled renderings, focus more on Mr.
Summer’s facts, fact-based inferences and conclusions, and less on his
unsupportable opinions as, ie., prosecutions of the biggest wall street frauds
are acomin’, or that meaningfully lawless america’s suddenly grown scruples.
Wow! }
http://albertpeia.com/bottomfeeders.gif
Commentary: It’s deja vu as lessons of
meltdown go unheeded By Paul B. Farrell , MarketWatch
http://albertpeia.com/dowwillrepeatcrashcycle.htm
It's not
different this time: The Dow Theory Marketwatch - Oliver Pursche
http://theeconomiccollapseblog.com
http://albertpeia.com/qedidnotworkforweimarrepubliceither.htm
[ http://albertpeia.com/moreqesayfraudsonwallstreet.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/moreqesayfraudsonwallstreet.htm
{ Riiiiight! Anything but reality that would
thwart their daily fraud, churn-and-earn national debacle. Actually, I think
it’s more for the ‘sell the sizzle’ part of their ubiquitous fraud; that fraud
inducing ‘hopium thing’ that’s been great for their high frequency algo trade
frauds that the rest of the nation/world pays for. What’s really required is
prosecution of these huge frauds, incarceration of and disgorgement and fines
for the perps, without exception! }
September 25, 2012 http://gainspainscapital.com
http://albertpeia.com/theresnoengineforglobalgrowth2.htm
[ http://albertpeia.com/moreqesayfraudsonwallstreet.htm that would thwart their daily fraud,
churn-and-earn national debacle. Actually, I think it’s more for the ‘sell the
sizzle’ part of their ubiquitous fraud; that fraud inducing ‘hopium thing’
that’s been great for their high frequency algo trade frauds that the rest of
the nation/world pays for. What’s really required is prosecution of these huge
frauds, incarceration of and disgorgement and fines for the perps, without
exception! } ]
See if
you can guess in which European country all of these
beautiful pictures were taken: {0}
The 4
Middle Eastern pictures above are from Saudi Arabia , not Iran.
Same thing, you say? Actually, Saudi Arabia is doing its best to overthrow Iran via terrorism , and is persecuting Christians and Jews much more than Iran.
Maybe
we should learn a little bit more before deciding whether or not
to bomb Iran?
Especially
since the U.S. has been claiming for more than 30 years that Iran was
on the verge of nuclear capability, and top American and Israeli defense
and intelligence bosses say that bombing Iran will only increase the odds that Iran will actually
build a nuclear weapon ?
Postscript:
Iran obviously has problems and is far from perfect. But given the tidal
wave of propaganda in the news which is doing everything possible to “demonize
the enemy” to justify war, we think it is valuable to provide some balance and
perspective.
http://albertpeia.com/guess.htm
Politico | “In the
sense that he’s more aggressive, more illegal worldwide.” { In other words, more like a nigger! The
blackbama is basically a continuation/progression of war criminal/incompetent
bush! }
Paul Joseph Watson | Nanny state is no longer on steroids,
it has turned into the Incredible Hulk. { http://albertpeia.com/30examplesusnolongerfree.htm }
QE4? The Big Wall Street Banks
Are Already Complaining That QE3 Is Not Enough
Economic
Collapse | QE3 has barely even started and some folks on Wall Street are
already clamoring for QE4.
[ http://albertpeia.com/moreqesayfraudsonwallstreet.htm that would thwart their daily fraud,
churn-and-earn national debacle. Actually, I think it’s more for the ‘sell the
sizzle’ part of their ubiquitous fraud; that fraud inducing ‘hopium thing’
that’s been great for their high frequency algo trade frauds that the rest of
the nation/world pays for. What’s really required is prosecution of these huge
frauds, incarceration of and disgorgement and fines for the perps, without
exception! } ]
Politico | “In the
sense that he’s more aggressive, more illegal worldwide.” { In other words, more like a nigger! The
blackbama is basically a continuation/progression of war criminal/incompetent
bush! }
Paul Joseph
Watson | Nanny state is no longer on steroids, it has turned
into the Incredible Hulk. { http://albertpeia.com/30examplesusnolongerfree.htm }
http://albertpeia.com/americansworkedtodeath.htm
{ I personally believe a new
category of anxiety disorder has arisen in america which probably would fall
within the broader genus of ‘obsessive compulsive’;viz., the obsessively
compulsive trait being overuse of cell phones/text messaging, etc., in some
instances to the point where fingers are literally rendered ‘raw’ from the
typing. Such, of course, is famously promoted/encouraged (tweets, etc.) by the
media, ‘celebs’, etc., and of course the ‘sellers’ of the China-made gadgets,
ie., apple (I-phones, etc.), etc.. And, despite being invariably sympathetic to
the plight of kids generally, I really must say it’s really rather startling
and pathetic! }
http://albertpeia.com/usasurveillancegrid.htm
10
states stealing California's population { Stealing? I
don’t think so. There’s really nothing positive to say about california as a
(w)hole! Only jersey is worse! http://albertpeia.com/calihole.htm And, as recently as the Reagan ‘80’s that
was not nearly the case concerning california which has fallen far and fast. }
http://albertpeia.com/theresnoengineforglobalgrowth.htm
Barron's
slams Facebook, stock falls
Facebook Inc.'s stock took a hit Monday after an article in the
financial magazine Barron's said it is "still too pricey" despite a
sharp decline since its initial public offering.
’…Though Facebook's stock has plunged since its May IPO, Andrew Bary at Barron's said the stock trades at "high multiples of both sales
and earnings, even as uncertainty about the outlook for its business
grows."At issue is the shift of Facebook's massive user base to mobile
devices. The company is still figuring out how to advertise to people who use
their mobile phones and tablet computers to access the social network. Bary
said success in the mobile space is "no sure thing" for the company.
Mobile ads must fit into much smaller screens, which doesn't give Facebook
"much room to configure ads without alienating users," Bary
said.Facebook also has what Bary called "significant" stock-based
compensation expenses. Last year, the company issued $1.4 billion worth of
restricted stock and $1 billion so far this year, he noted. Yet technology
companies such as Facebook "routinely encourage analysts to ignore
stock-based compensation expense — and most comply. This dubious approach to
calculating profits is based on the idea that only cash expenses matter,"
Bary wrote. "That's a fiction, pure and simple."Menlo Park,
Calif.-based Facebook's stock fell $2.03, or 8.9 percent, to close at $20.83 on
Monday. The company went public on May 18 at a share price of $38, which it has
not matched since…’
http://albertpeia.com/economiccollapseplusrisinginflation.htm
http://albertpeia.com/21factsamericasdecayinginfrastructure.htm
100 DAYS UNTIL LARGEST TAX HIKES IN HISTORY... http://albertpeia.com/taxmaggedon.htm
Romney
releases 2011 tax return, paid IRS 14.1 percent { Average for
americans is 13% … let’s talk about wobama’s record … of unequivocal failure …
the real, ineluctable and ultimate issue he’s been trying to divert attention
from … People must realize the magnitude of wobama’s failure and the
unaffordable, insurmountable expense of obfuscation: ‘…those who put their trust in proven failure wobama, all they have to show
for such misplaced trust are broken campaign promises, now insurmountable
record deficit spending exceeding all the presidents since Eisenhower combined
to obfuscate what clearly has been wobama’s unequivocal failure...’ ( The Real Obama Budget Deficit
For 2011: 5 Trillion Dollars
http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S.
Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse
than Greece’s News (CNN) — ‘Our government is utterly
broke. There are signs everywhere one looks…The government’s total indebtedness
( is now greater than ) $211 trillion ’ … ) }
'TIME TO SHOW YOURS, HARRY'
President
Obama Falsely Claims Fast and Furious Program "Begun Under the Previous
Administration" Obama's Legacy: A Failed Recovery & Double-Dip
Recession Forbes /
Mariotti ‘…At some point, his statute of limitations on blaming Bush runs out…’
Obama:
Biggest mistake too much perspiration, not enough inspiration [What total b***s***!] { Biggest mistake:
too much b***s***, not enough substance; that’s reality, not spin! } White
House on weak jobs report: Don’t ‘read too much’ into it Olivier Knox, Yahoo! News { Riiiiight! Sounds like a plan! After all,
wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having
done anything of substance in his entire life. Indeed, even his so-called
‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced
fantasies which reveal a psychogenic/dissociative amnesia that works well in
the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign
trail’ littered with the cowpies of stark reality. People owe themselves and
their children more than this grifter’s con which in numbers measures more than
the increased deficits of all the presidents since President General Eisenhower
combined to obfuscate his unequivocal failure. http://albertpeia.com/10waysobamakillingjobsinamerica.htm } Obama Asks People Getting Married To Forgo Gifts... Donate To His Campaign Instead... AP: ‘…THE FACTS: Five
Senate Democrats voted against sending the DREAM Act to the Senate floor for
full consideration. The bill would have created a path to citizenship for many
young illegal immigrants brought to the United States as children. Last week,
Obama announced plans to stop deporting illegal immigrants who would have
qualified for the DREAM Act. The policy change does not include a path to
citizenship…’ Then there’s the other meretricious
‘wobama desperation hail mary’ that once again falls short. Indeed, as an investor,
one analyzes earnings, projects prospective earnings over a 3-5 year horizon,
and the quality of the earnings along macro economic factors which are affected
by ‘political considerations’. Does anyone remember the honorable Ross Perot
who warned of NAFTA’s effect on american jobs even as the democrat
administration et als were hell-bent on passing same? Should Romney have
breached his legal duty to shareholders and invested in companies with poor
earnings prospects? After all, in the financial / security analysis step of
projecting the income statement, prospective labor costs figure prominently in
the bottomline. In sum, Romney took conditions as he found them, and made the
prudent choices which as per his legal duty were optimal for those who put their
trust in him. For those who put their trust in proven failure wobama, all they
have to show for such misplaced trust are broken campaign promises, now
insurmountable record deficit spending exceeding all the presidents since
Eisenhower combined to obfuscate what clearly has been wobama’s unequivocal
failure. ] Will accept your birthday or anniversary gifts,
too...
IF IT WAS ONLY ONE THING ABOUT WOBAMA THAT
MAKES HIM SO WRONG. YET, IT’S A MULTITUDE OF REALITIES; FROM INVARIABLY BROKEN
CAMPAIGN PROMISES ( Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins
Oscar for Documentary on the unprosecuted massive extant fraud in the (many)
TRILLIONS by the frauds on wall street ( and declares with oscar in hand that
not one high level wall street exec has been prosecuted … despite ‘earning’
billions from the fraud ) Cases against Wall Street lag
despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. ‘ THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , etc.) , TO VERY REAL BIRTH ISSUES (WHAT PERSON FAILS TO
GET THEIR PLACE OF BIRTH CORRECT – THE FRAUDULENT WOBAMA KIND http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ) , TO THE CURRENT OBFUSCATING FRAUD, Obama's Five Trillion Dollar
Lie http://albertpeia.com/obamas5trilliondollarlie.htm { the economy is already in depression in real terms when taking into account real
inflation numbers. Financial Crisis Phase II Is
Ahead at Forbes Bert Dohmen ‘ In late 2007, I
wrote the book Prelude To Meltdown , predicting the
global crisis that occurred the following year. I now see a similar
confluence of events .. “the new recession has started.”… Over the past 33
years, we have called the start of every recession..Currently, the GDP deflator
is 1.8%, which hardly reflects the true rise in prices. Therefore, what is
counted as “growth,” is actually price increases. Actual inflation..is now more
than 11%. Using that to adjust GDP for inflation, would show that the economy
is now in a very sharp contraction…’ } , WOBAMA ET ALS’ DISINGENUOUS ATTACKS AGAINST
ROMNEY ON WHAT WAS PRIZED AND LAUDED AS LEGAL, COMPETENT MANAGEMENT INCREASING
SHAREHOLDER WEALTH (THE TASK OF COMPETENT MANAGEMENT) IN THOSE BLOATED,
NON-COMPETITIVE TIMES CONTRASTED WITH WOBAMA’S UNPRECEDENTED FURTHER
BANKRUPTING OF THE NATION AND INDISPUTABLE FAILURE AS PRESIDENT ( Obama's Legacy: A Failed Recovery & Double-Dip
Recession Forbes /
Mariotti ‘…There will be
no significant recovery in the United States of America while Barack Obama is
President. The evidence is overwhelming: everything Obama has tried
to fuel a recovery (with his Democratic allies in Congress) has failed.
Statistics claiming jobs saved by the stimulus package were mostly fiction, and
cost American taxpayers about $275,000 each. Nearly 2-1/2 million fewer
Americans have jobs than before the stimulus. Barack Obama has been President
for 30 months—2-1/2 years. He spent the first year obsessed with passing
Obamacare, a program that doesn’t create jobs, but might destroy a lot of them.
He “bailed out” GM, but many believe that his interference didn’t save
GM; it merely cost taxpayers an extra $15-20 billion, and stole from legitimate
investors to buy off the UAW. His broken campaign promises are too
numerous to list…’). IT IS NOTHING SHORT OF TRAGEDY TO SEE PEOPLE DELUDE AND
MAKE FOOLS OF THEMSELVES IN SUPPORT OF JIVE-TALKING GRIFTER/CON-MAN OBAMA. GOOD
BYE FORMER FAILED PRESIDENT WOBAMA … GOOD RIDDANCE!
Obama: 'We
get Virginia, we win'
Obama Blames
GOP for Inability to Pass Immigration Reform
100 DAYS UNTIL LARGEST TAX HIKES IN HISTORY... http://albertpeia.com/taxmaggedon.htm
Dumb
money sees a rally, so gird for a dip
84 Statistics That Prove The Decline
Of The Middle Class Is Real And That It Is Getting Worse
Michael Snyder | The
middle class in America is being systematically destroyed. By Michael Snyder, on August 23rd, 2012
http://albertpeia.com/84statsdeclinemidclassrealgettingworse.htm
http://albertpeia.com/americanmaterialism.htm
{ When it comes to american fortunes
especially; particularly, ie., fraudulent wall street-made fortunes, though
otherwise with some exceptions, that old adage displayed at the beginning of
one of Francis Ford Coppola’s masterfully done mafia movies, viz., ‘Behind
every fortune a crime’, is apposite. }
http://albertpeia.com/qeconsequences.htm
The
richest and poorest U.S. cities by income http://albertpeia.com/25uscitiesbyincome.htm
10 Quotes From Financial
Experts About The Effect That QE3 Will Have On Gold And Silver
http://albertpeia.com/10quotesfromfinancialexpertsreqe.htm
http://albertpeia.com/rainmanhelicopterbensdirtylaundry.htm
http://albertpeia.com/mittalsosaid.htm
http://albertpeia.com/shorttermthinkinglongtermpain.htm
{ The problem is, it’s not even sound
short-term thinking. Oh sure, the fraudulent churn and earn markets are loving
this, yet some see this ‘non-economic’, costly obfuscating scam for its real
effect and detriment; ie., Egan-Jones
downgrades U.S. rating on QE3 move
, etc.. }
http://albertpeia.com/10shocksregardingwhatqe3willdotous.htm
Dave’s
Daily: http://etfdigest.com { Anti-American
fury sweeps across an inflamed Muslim world {
Despite casting this as being over a film, it’s not just the film; but
as well, blowback for innumerable policy missteps that ultimately included
direct or indirect acts of violence/aggression. These people are not blind, nor
are they utter fools despite america et als’ foolish assumptions and
presumptions to the contrary. } [ Guest Post: This Is Blowback ZeroHedge.com The YouTube video depicting Mohammed
is nothing more than the straw that broke the camel’s back. This kind of
violent uprising against American power and interests in the region has been a
long time in the making. It is not just the continuation of drone strikes which
often kill civilians in Pakistan, Yemen, Somalia and Afghanistan, either. Nor
is it the American invasions and occupations of Iraq and Afghanistan. Nor is it
the United States and the West’s support for various deeply unpopular regimes
such as the monarchies in Bahrain and Saudi Arabia (and formerly Iran). Nor is
it that America has long favoured Israel over the Arab states, condemning,
invading and fomenting revolution in Muslim nations for the pursuit of nuclear
weapons while turning a blind eye to Israel’s nuclear weapons and its continued
expansion into the West Bank. ]
September 18, 2012
http://gainspainscapital.com
http://albertpeia.com/draghibernankeworstnightmare.htm
MARKET
WATCH HEADLINES http://albertpeia.com/marketwatchheadlines.htm
http://albertpeia.com/feddestroyingsocialsecurity.htm
http://albertpeia.com/qe3wealthywealthiertherestpoorer.htm
http://albertpeia.com/hereandthere.htm
‘ My sense is [QE3] is going to
have a greater effect on inflation
and a minimal impact on jobs. ‘ —Jeffrey Lacker President , Richmond
Federal Reserve Bank
Published: 3:54 PM 08/23/2012
By Geoffrey Malloy
http://dailycaller.com/2012/08/23/university-of-colorado-prediction-model-points-to-big-romney-win/#ixzz26ZnrMS7E
Anti-American
fury sweeps across an inflamed Muslim world { Despite casting this as being over a film, it’s not just the
film; but as well, blowback for innumerable policy missteps that ultimately
included direct or indirect acts of violence/aggression. These people are not
blind, nor are they utter fools despite america et als’ foolish assumptions and
presumptions to the contrary. [ Guest Post: This Is Blowback ZeroHedge.com The YouTube video
depicting Mohammed is nothing more than the straw that broke the camel’s
back. This kind of violent uprising against American power and interests
in the region has been a long time in the making. It is not just the
continuation of drone strikes which often kill civilians in Pakistan, Yemen,
Somalia and Afghanistan, either. Nor is it the American invasions and
occupations of Iraq and Afghanistan. Nor is it the United States and the West’s
support for various deeply unpopular regimes such as the monarchies in Bahrain
and Saudi Arabia (and formerly Iran). Nor is it that America has long favoured
Israel over the Arab states, condemning, invading and fomenting revolution in
Muslim nations for the pursuit of nuclear weapons while turning a blind eye to
Israel’s nuclear weapons and its continued expansion into the West Bank. ] }
Romney and the GOP still toe the Bush line Republican leaders are sick and
tired of Democrats blaming all the nation's problems on George W. Bush, and of
being tarnished by the former president's legacy. { The problem for the
democrats is that, unfortunately for the nation and world, wobama’s essentially
followed dumbya bush’s failed legacy with few exceptions (ie., wobama/holder’s
predisposed contraindicated favoritism/bias towards blacks including black
panthers, etc.). Indeed, many within ‘the fold’ include ‘bush men’ (ie.,
mueller, bernanke, etc.); and comparable failed policies as, ie., protracted
unnecessary war, profligate spending worse than bush, rule by
proclamation/executive orders, no prosecution of huge wall street frauds, etc.,
all contrary to campaign promises/b***s*** that got him elected, a mistake that
won’t be repeated this time around. }
Schiff: QE is Final Nail in
Dollar’s Coffin
Infowars.com | $40 billion in mortgage-backed securities forever.
Think You’ll be Better Off in
Rural America? Think Again
Planet Infowars | Is this Obama’s vision of hope? Is this what Romney
sees as the “fulfillment of the American dream” of home ownership?
Let Krugman’s Invading Space
Aliens Buy iPhones
Bill Anderson | Leave it to Paul Krugman to come up with yet another
creative rendition of the Broken Windows Fallacy.
Ron Paul: “Country Should
Panic Over Fed’s Decision”
Zero Hedge | Noting that “we are creating money out of thin air,”
Paul sums up Bernanke’s position perfectly “We’ve Lost Control!”
Gasoline Prices More than
Double Under Obama: $1.84 to $3.85
CNS News | Average retail gasoline prices have more than doubled
under President Obama.
Here Comes QE3
Lew Rockwell
Blog | In the latest round of government “stimulus” the Fed has announced that
it will be buying $40 billion in mortgage-backed securities each month for an
indefinite period of time.
Happy Days Are Here Again:
Stock Market Approaches All Time Highs
Mac
Slavo | The Federal Reserve has officially begun its long awaited monetary
stimulus, and the world has breathed a sigh of relief – for a week or two at
least.
As Predicted, Bernanke
Launches QE3 to Help the Big Banks … Which Will Destroy the Economy
Washington’s
Blog | We predicted last week that Bernanke would launch QE3 this week.
(9-14-12) Dow 13,593
+53 Nasdaq 3,183 +28
S&P 500 1,465 +5 http://albertpeia.com/todaysbusinesssummarylinks.htm [CLOSE- OIL $99.35 (-54% for year 2008) (RECORD TRADING HIGH $147.27) GAS $3.83 (**The BTU-adjusted
price of E-85 is the nationwide average price of E-85 adjusted to reflect the
lower energy content as expressed in British Thermal Units - and hence miles
per gallon - available in a gallon of E-85 as compared to the same volume of
conventional gasoline…’ so adjusted=$4.00 – higher real than quoted price for
respective states including CA, infra – another manipulation for the ‘feel
good’ effect despite the inflationary over-printing of weimar
dollars/currencies) (reg.
gas in LAND OF FRUITS AND NUTS $4.15 REG./ $4.25 MID-GRADE/ $4.34
PREM./ $4.46 DIESEL L ) / GOLD $1,769 (+24% for year 2009) /
SILVER $34.56 (+47% for year 2009) / PLATINUM $1,704 (+56% for year 2009)
Metal News for the Day / DOLLAR= .77 EURO, 76 YEN, .61 POUND
STERLING, ETC. (How low can you go LOWER)/ Interest Rates: http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield 10 YR NOTE YIELD 1.78% AP Business Highlights ...Yahoo Market Update… T. Rowe Price Weekly
Recap – Stocks / Bonds / Currencies - Domestic / International
This
Is a Secular Bear Market and The End of Buy and Hold … and Hope The bull market
that never was/were beyond wall street b.s. when measured in gold
‘WORST ECONOMIC COLLAPSE EVER’ Must Read Economic / Financial
Data This Depression is just
beginning The coming depression…
thecomingdepression.net
The Next Wave of Collapse is
Coming Sooner than you think Sliding Back Into the Great
Depression ABSOLUTELY,
ABSURDLY, RIDICULOUS! SELL / TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE
TO COME!
Graham Eats Humble Pie
September 13, 2012 http://gainspainscapital.com { This is an especially great opportunity to
sell this suckers’ market/take profits! Nothing’s been solved! Just because
‘no-recession-helicopter-ben’ says something, does not mean it’s true (remember
that ‘no recession call’ of his; and, of course, no QE before the election,
prospectively, already discounted many times over by the ‘markets, such as they
are, ie., algo buy programs, etc.. ).
All this and now ‘whatever’ is too little and too late for the uss
Titanic which has taken on too much, not water, but b***s***. This was a
desperate move, bespeaking desperation.The fact is things are ominously so bad,
and worse than ‘allowed’ to be seen for the moment, that something as this QE
which is economically and financially contraindicated and a proven failure for
all but the frauds on wall street along with their cohorts including desperate
politicos, is resorted to in desperation to divert attention from their
unequivocal failure. After all, though having cost so many americans their jobs
with wrong calls and policies, bernanke is trying to save his own by inflating
the markets (along with everything else, ultimately hyperinflationary) for fellow failure wobama’s sake (wobama
rehired failure bernanke, President Romney would have fired, and will fire him
… goldman sachs knew this dollar debasing failed policy QE 3 would come and at
the expense of the muppets…that’s their term for all you suckers). I further
believe this contraindicated largess to the frauds on wall street is to
preserve his post fedship tenure job possibilities by ingratiating himself even
further with those nefarious, self-serving interest groups. }
http://albertpeia.com/debaseddollarfailedstrategy.htm
September 12, 2012 http://gainspainscapital.com http://albertpeia.com/snpfed.htm
http://albertpeia.com/thingsworseincomefalls4inarow.htm
http://albertpeia.com/thankswoforblowback.htm
September 11, 2012
http://albertpeia.com/whatsthefedtodo.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/debaseddollardown.htm
Submitted by Tyler Durden
On the anniversary of the most emotional
day in our collective memory, here are some key statistics in the
interest of truth, justice and the American way: http://albertpeia.com/september11stats.png
Dave’s Daily: This puts the “bad news is good” back on the front burner
and means Bernanke has no choice but to QE and inflate asset prices. He still
has “some” weapons left but he’s running out of bullets. QE bulls could care
less since it’s time to party.All this QE speculation trashed the dollar (UUP)
and bolstered gold (GLD) and silver (SLV). After all, if it’s balls to the wall
once again these assets are the insurance against currency
debasement.Individual investors are still either hiding in low yielding bonds,
dividend sectors or are just on the sidelines. Those buying include
corporations with buybacks, hedge funds, and overseas investors feeding on the
weak dollar and to a lesser extent captive money in pension plans.The fly on
the soup today was a crummy report from Intel (INTC) which issued a warning as
PC demand is weak. This pulled semiconductor ETF (SOXX) and the overall
technology index (XLK) lower. There is concern that PC sales are stalling given
the pending launch next month of Windows 8 which is an entirely different approach
from (MSFT) affecting (IGV).As stocks followed the rally from Thursday on QE
hopes, bonds (IEF) took a breather but not by much given likely Fed money
printing and buying.The important thing to remember about QE activity is what’s
the grade? Thus far in the U.S. at any rate its money that goes first to the
Primary Dealer network (mega-banks) and then may trickle down to you and me.
Clearly it’s been supportive of stock prices but where is that in the Fed’s
twin mandate (protect the purchasing power of the dollar and full employment)?
If the mega-banks just hold the money to bolster their balance sheets then the
grade is an “F”. As most know, banks aren’t lending money for mortgages or
small businesses no matter how much liquidity the Fed dumps on them. I used to
have a math teacher who wouldn’t give a grade less than 40. If it was less than
40 he’d circle it. You wouldn’t want a “circle 40” but this is how you’d score
the Fed’s twin mandate results. Investment Tip: Don’t fight
the Fed central banks.Volume on this QE addicted Friday was once again
ultra-light cementing few investors in the game beyond those described above.
Breadth per the WSJ was positive…’
*[ ECB INTERVENTION COMMENT DU JOUR: "CLASSIC BANANA
REPUBLIC BANKING" Submitted by Tyler Durden http://albertpeia.com/classicbananarepublicbanking.htm . { It bears repeating that never in
history have the markets become so disconnected from fundamental finance,
valuation, an reality and so completely and utterly fraudulent. I believe that
computerization facilitating multiple frauds at lightning speed, over and over
again and again along with re-hypothecation of already worthless paper at
similar speeds is in part the reason for the prevalence of such fraud along
with the breakdown of american among other societies into what yesteryear would
have been scorned as ‘banana republics’ without any meaningful rules of law
whatsoever and pervasive, almost blatant, corruption at every level. (This is not to
blame computers for the bad use they’re put to.) Guest Post: The West Has Just
Become A Giant Banana Republic
ZeroHedge.com by Tyler Durden { Yeah! This really is too true for words!
It’s been my direct experience for quite some time now and is quite a pathetic
scenario! } Legendary Investor Jeremy
Grantham: America is a Banana Republic Washington’s
Blog | Just different bananas perhaps? [ Of course this is absolutely true!
And not just from the meaningfully lawless perspective – I had made such a
statement on the record in a LA Superior Court Appellate Dept. proceeding in
which said court literally ignored the law (the same is true of the costly,
plushly accoutered lifetime appointee federal courts) which corrupt courts
should indeed be abolished in these difficult economic / budgetary times.
Additionally, from pervasive corruption, to debased over-printed currency, to
gunboat diplomacy, to total incompetence, etc., america is indeed a banana
republic at most.] Guest Post: The West Has Just
Become A Giant Banana Republic
ZeroHedge.com by Tyler Durden { Yeah! This really is too true for words!
It’s been my direct experience for quite some time now and is quite a pathetic
scenario! } Legal precedent means nothing. Rule of law means nothing.
Free speech means nothing. Their own treaties mean nothing. It’s
unbelievable. Anyone in the west who honestly thinks he’s still living in
a free society is either a fool or completely out of touch. If that seems
too radical an idea, consider that ECUADOR is now the only nation which
stands to defend freedom and human rights against an assault from the
United States, the United Kingdom, and their spineless allies. The west
has just become a giant banana republic. Have you hit your breaking point
yet? If not now… when? { { I’m really
constrained to interject my own direct experience with the FBI here; and, I
must say I do so lamentably. If you want no real results vis-ŕ-vis organized
crime which now extends to the upper reaches, highest levels of the corrupt
u.s. government, go to the FBI. I discounted the new jersey FBI as just typical
corrupt, mob infested jersey which thinks in terms of discos/casinos. But,
truth be told, they never ask the ‘tough’ questions of the biggest criminals;
ie., the biggest wall street frauds, cia connected illegal ‘drug ops’
(ops…riiiiight), federal judges ie., trump barry, shiff, alito, etc.; but, they
did go after Martha Stewart in a very big way over a $45,000 transaction. Wow!
You can’t make this stuff up. I also don’t believe their (understated) crime
stats for even a second. I’m beginning to feel foolish for having even put my
full faith and trust in them, much less the ‘federal (judicial) system’ who
share the ‘same employer’; and, despite my antipathy for the mob, probably
would have fared ‘more fairly’ with the mobsters directly who seem to have at
least some sense of the magnitude of the fraud involved and the pervasive
corruption of the system and government and maybe a semblance of honor in this
nation of protracted decline. It never would have occurred to me back when for
me, such a choice/decision was clear-cut and simple. Such a course as mine I no
longer could recommend inasmuch as there is little difference between
state/government sponsored crime/corruption and that perpetrated by other
criminal elements, from my direct experience with both, infra: Debauchery: An American
specialty In the land of Lindsay Lohan and Snooki, some federal
workers reflect our culture all too well. (Washington Post) [ Lindsay Lohan?
Come on Mr. Milbank, hands off the low hanging fruit. She’s totally harmless.
Jersey ‘italian’ snooki? In mob infested new jersey, who knows (one of the
properties in my proceedings for which surplus funds are unaccounted for was a
2 bedroom 1 and 1/2 bath condominium in seaside heights, n.j.). But debauchery
an american specialty? Another rare instance wherein I agree with Mr. Milbank
completely. 25 Signs That America Is A
Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics
held close to vest EXCLUSIVE | Documents and interviews show FBI and
Justice Department officials took steps to control information uncovered by a
task force designed to examine cases involving discredited agents. Many
defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington
Post) [ Well, I really have to say this. I’m awaiting word from the FBI as to
resolution, one way or the other, concerning the RICO matters which have been
systematically and corruptly covered up by the government (executive,
legislative, and judicial branches of the pervasively corrupt, defacto bankrupt
u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . Never in my
wildest dreams would I have believed the level and extent of corruption and
criminality within the ranks of the u.s. government before embarking upon this
costly quest for justice and simple fairness consistent with clear law (infra,
regarding the u.s. government’s direct involvement in the illegal drug trade).
In this civil RICO matter, there are no innocent bystanders; but rather,
perpetrators, accomplices, and co-conspirators. When the fbi agent initially assigned
to this matter (Connecticut) abruptly resigned/retired shortly after a
conversation, though not central to my case, wherein I had said that rudy
giuliani’s father had been an (convicted) enforcer for the mob (served 12
years? in prison, aggravated assault/manslaughter?) and then sent him
documentation owing to his disbelief. Though ultimately ineffectual vis-ŕ-vis
my case, he was a likeable guy for whom I had and still have regard. I then
spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who
somewhat plaintively (‘my call being a burden’) told me that ‘he was a Ford,
and I was a Ferrari’, which he didn’t explain further. Could anyone tell me
what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an
FBI Agent who sarcastically asked me whether I was ‘going to the disco that
night’ (the documents including sworn statements delivered to then u.s.
attorney sam alito’s office in the same building disappeared twice along with
the initial assistant u.s. attorney Jonathan Lacey with whom I had reviewed the
documentary evidence, documents and their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf .
We all can infer sam alito’s reward / quid pro quo for his cover-up by his
current position on the u.s. supreme court. There was never a
question as to maryanne trump barry’s interest in corrupting the judicial
process as related to her brother’s (trump) casinos. Jersey city boy louis
freeh, labeled by former Prosecutor Larry Klaiman as the most corrupt FBI
director ever (see infra, mueller seems no different, and certainly holder’s
impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and
furious, race bias favoring blacks, etc.) apparently covered up the RICO
violations as sent to him, and, with italian citizenship and lucrative insider
deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with whom
I reviewed the RICO documents and confirmed same as indicative of (drug) money
laundering was transferred shortly after meeting with him, as has been so of
FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I
discussed the RICO matter and case disks/dvd’s sent to the LA FBI office (they
printed the documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here
in Los Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to
believe it based on my own experience and reasonable inference. I’m currently
being ‘stonewalled’ by the LA FBI office since the departure of FBI Agent Bill
Lewis.
GOOGLE SEARCH – ‘LARRY
KLAYMAN, LOUIS FREEH CORRUPT’
Jul 31, 2000 – Judicial
Watch is a public-interest law firm that fights corruption in government. To read Larry
Klayman's letter to Louis Freeh , ...
... security," said JW
Chairman Larry Klayman . "His behavior stands in stark contrast to Louis Freeh , a man so corrupt he destroyed the office he led, ...
“Louis Freeh will finally have to answer in court for what he
did to our clients. ... answers,” stated Judicial Watch Chairman and General
Counsel Larry Klayman . ...
Klayman, Larry, Chairman,
Judicial Watch ... My name is Larry
Klayman . ... interest group that
investigates and prosecutes government corruption and abuse.
...... They seized his computer – these are FBI agents at the direction of Louis Freeh , ...
May 3, 2001 – Because of
his corrupt behavior, Freeh was placed on
Judicial Watch's ... stated Judicial Watch Chairman and General Counsel Larry Klayman . ...
May 27, 2000 – By Larry Klayman ... While Judicial Watch has asked FBI Director Louis Freeh to .... lawsuits against a corrupt and unrepentant Clinton-Gore ...
The following is my comment
to an LA Times article regarding a Justice Department cover-up! As for your
inquiry, all I think about day and night is a long overdue resolution to the
RICO litigation as set forth therein:
I believe him!
I truly empathize with the ATF in terms of
government cover-ups, notably by even the DOJ. You’ll recognize some familiar
names (ie., Alito, Trump, Freeh (Louis Freeh now has dual citizenship with
Italy), and some familiar crimes (ie., drug money laundering, etc. – real cash
cow for gov’t ops, bribes, etc.). [Did you know this about the following ATF
Agents who were probably viewed as loose ends: Steve
Willis, Robert Williams, Todd McKeahan & Conway LeBleu: Died February 28, 1993 by
gunfire at Waco. All four were examined by a pathologist and died from
identical wounds to the left temple. All four had been body guards for Bill
Clinton, three while campaigning for President and when he was Governor of
Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ] Here’s
some real, complicit cover-up / fraud on the part of the federal government, et
als:
October 15, 2010 (*see
infra {ultimately delivered by UPS})
Steven
M. Martinez, Assistant Director In Charge
Dear
Sir:
I
enclose herewith 3 copies of the within DVD rom autorun disk (which will open
in your computer’s browser) as per your office’s request as made this day (the
disk and contents have been scanned by Avast, McAfee, and Norton which I’ve
installed on my computer to prevent viral attacks / infection and are without
threat). I also include 1 copy of the DVD as filed with the subject court as
referenced therein (which files are also included on the aforesaid 3 disks in a
separate folder named ‘112208opocoan’). The (civil) RICO action (as you’re
aware, the RICO Act is a criminal statute which provides a civil remedy,
including treble damages and attorney fees, as an incentive for private
prosecution of said claims probably owing to the fact that the USDOJ seems
somewhat overwhelmed and in need of such assistance given the seriousness and
prevalence of said violations of law which have a corrupting influence on the
process, and which corruption is pervasive). A grievance complaint against Coan
was also filed concurrently with the subject action and held in abeyance
pending resolution of the action which was illegally dismissed without any
supporting law and in contravention of the Order of The Honorable Robert N.
Chatigny, Chief Judge, USDC, District Connecticut. The files below the
horizontal rule are the referenced documents as filed. (Owing to the damage to
the financial interests of both the U.S. and the District of Congresswoman
Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False
Claims Act probably would apply and I would absent resolution seek to refer the
within to a firm with expertise in that area of the law with which I am not
familiar) .
The
document in 5 pages under penalty of perjury I was asked to forward to the FBI
office in New Haven is probably the best and most concise summary of the
case RICO Summary to FBI Under Penalty of Perjury at Their Request (5
pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The
correspondence I received from the Congresswoman by way of email attachment
(apparent but typical problem with my mail) along with my response thereto is
included on the 3 disks as
fbicorrespondencereyes.htm . With regard to
the calls to the FBI’s LA and New Haven, CT offices: There was one call to the
LA office and I was referred to the Long Beach, CA office where I personally
met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of
the money laundering which he confirmed as indicative of same (he was
transferred from said office within approximately a month of said meeting and
his location was not disclosed to me upon inquiry). The matter was assigned to
FBI Agent Ron Barndollar and we remained in touch for in excess of a decade until
he abruptly retired (our last conversation prior to his retirement related to
the case and parenthetically, Rudy Giuliani whose father I stated had been an
enforcer for the mob to which he registered disbelief and requested I prove it,
which I did – he served 12 years in prison, aggravated assault/manslaughter? –
and no, there is no Chinese wall of separation – Andrew Maloney’s the one that
prosecuted gotti).
In
contradistinction to the statement in said correspondence, there is a plethora
of information including evidence supporting the claims set forth in
the RICO VERIFIED COMPLAINT (see infra).
Such includes and as set forth in the case, inter alia,
A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains unaccounted
for and which could be used for payment to creditors, Los Angeles, etc..
Counsel Robert Sullivan on my behalf documented by
way of certification upon investigation that Alan Shiff, USBCJ, had falsely
stated a dismissal upon which false statement he predicated a retaliatory and
spurious contempt proceeding against me causing substantial damage, and for
which he sought Judicial Notice of those and related proceedings as did I in
some of my filings.
The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by
the court’s deadline causing creditors and me substantial damages:
[ Shiff Order of Dismissal With Prejudice on Coan’s Failure to
File Page
1
Page 2
]
Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for a
hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of
Connecticut, who denied Coan’s requested relief as to Coan but precluded my
action against Shiff (although there is no immunity, judicial or otherwise, for
criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) .
[ transcript in pertinent part - http://albertpeia.com/crossexamofcoanbypeia.pdf ]
Newly appointed judge, Maryanne Trump Barry,
Donald Trump’s sister, was assigned the RICO case despite the conflict of
interest in light of hundreds of thousands of dollars of illegal (drug) money
being laundered through the Trump casinos by the RICO defendants, and despite
my motion to recuse her which motion she heard herself and denied, and U.S.
Trustee Hugh Leonard with whom I met personally refused to join or file a
separate motion to recuse and not long thereafter left said office for private
practice at Cole, Shotz, et als on retainer with the RICO defendants as his
primary client.
Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach,
CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met
personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel
Alito was U.S. Attorney, and went over said documents and their probative value
with him. Within approximately a month thereafter upon inquiry I was told that
Jonathon Lacey was no longer with the office, that the file/documents could not
be located, and that there was no further information available concerning
contacting him or his location. I thereupon delivered by hand, copies of said
documents to the office of then U.S. Attorney Alito, addressed to him, with
assurance they would go directly to him. In addition to being inept [ I looked
in on the one mob case he had brought, bungled, lost (accidently on purpose?)
since I was suing some mob-connected under RICO and the court (I had known /
previously met outside of court the judge Ackerman through a client) was
absolute bedlam and a total joke since incompetent corrupt Alito brought in all
20 mob defendants (rather than prosecute one or a few to flip them first) who
feigning illness had beds/cots in the courtroom along with their moans during
testimony and had the jury in stitches. As much as I hate the mob, it truly was
funny, if not so tragic.], Alito is also corrupt (and maybe corrupt
because he is inept). After a reasonable (but still rather short) time I called
to determine the status and was told that Alito was no longer with the Office
of the U.S. Attorney, that he was (appointed) a federal judge, and that neither
the documents nor any file or record of same could be located. Alito did parley
the same / cover-up into quid pro quo direct lifetime appointment to the Court
of Appeals, 3 rd circuit, despite the absence of judicial
experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as
well). This is the same Sam Alito that now sits on the purported highest court
in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety coverage and
neither LA, nor creditors, nor I should continue to have been damaged by this
brazened corrupt and illegal scenario, which should be resolved in accordance
with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia th Street, #404
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. (Ultimately delivered by UPS) ]
FROM:
Rep. Lucille Roybal-Allard
TO:
[email protected]
Message flagged
Wednesday, November 16,
2011 8:48 AM
Dear Mr.
Peia:
Thank
you for being in touch. As we continue the busy first session of the 112 th Congress, I
want you to know that I am grateful for the various times you have shared your
thoughts and concerns with me on different issues. Please be assured that
your voice is being heard and that your perspective helps me to better
represent you in Washington, D.C.
Sincerely,
[ This is a reply to the
Congresswoman’s query among others included.]
11-5-11
Dear Congresswoman Roybal-Allard:
The Keynesian (economic)
approach, if ever a wise prescription for ‘economic doldrums’, euphemistically
speaking (there are articles/studies/data that dispute the purported
effectiveness of the widely hailed ‘Keynesian remedy’ during the prior great
depression), the ‘Keynesian way’ is certainly no longer a prudent approach
today in light of the insurmountable debt levels of nations worldwide and in
america particularly along with the concomitant over-printed, debased ‘paper
currencies’ to finance same. Quite simply, there simply is not enough real
value being created for redistribution, a situation exacerbated by the
parasitic lightening fast, computerized churn and earn high frequency trading
programs on fraudulent wall street (they should be prosecuted, jailed, fined,
and disgorgement imposed for extant frauds in the trillions now marked to
anything as per misguided legislated FASB rule change). [ America’s
debt woe is worse than Greece’s News (CNN) — ‘Our government is
utterly broke …The government’s total indebtedness is $211 trillion ’. 43,454,601,693,238 Reasons Why
The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17, 2011 http://www.economist.com/content/global_debt_clock ] .This is the consequence of a structural shift
fed by greed and misguided policy and cannot be undone (transfer of productive
capacity to ie., China, etc., ‘the bell cannot be unrung’). That said which
militates against such an extension, this is an election year which
probabilities suggest makes highly likely the passage of the extension. I favor
your co-sponsored legislation and before the holidays simply in the name and
spirit of Christmas and for no other reason whatsoever. Below is a recent
comment to Opinion Writer Krauthammer’s ‘more war spending (Keynesian)
position’ and an article regarding the folly of same. Immediately following is
from my prior post to you concerning something of such manageable proportion
and well within the government’s ability to resolve (if the government can’t
accomplish this consistent with law and long overdue, then there isn’t anything
the government can accomplish), along with other comments to you for ease of
reference:
‘…As previously noted in a
prior message to you, I had previously spoken to FBI Agent Bill Lewis in
Washington who was recently promoted to the FBI Headquarters Office (D.C.) from
the FBI office here in LA, and who was to be out of the office for the two
weeks past. I’ll be contacting him given a reasonable time for him to ‘catch
up’, from being out of the office. While independent contractor richard coan is
ultimately the one to bear the burden of damages (there’s insurance and a
surety covering same), coan might allude to the prior default of the u.s.
government (assist. u.s. atty. robert i. lester miscounted / miscalculated the
time for filing an answer / response to the complaint upon service thereof,
also misstating the rule in open court before corrupt judge matz who
‘schmoozed’ things over (they both have the same employer), however incorrectly
according to the ‘law’. I ordered / bought a copy of the transcript of that
rather pathetic proceeding (posted in part on my website). In any event,
regardless who pays me, the amounts so paid would ultimately be recovered from
coan, his insurer/surety which amounts might even exceed the amount I’m willing
to settle at. [There is also a judgment (referenced in the correspondence to
FBI ADIC Martinez infra) that had been entered in my favor in the case, United
States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth
approximately now in excess of $300,000 remains unaccounted for and which would
benefit Los Angeles, etc.; and then, of course as well, the substantial
damages. ] I’ve waited far too long for this matter to resolve, what should
have been resolved in accordance with clear law long ago; and, which would have
been resolved if not for typical u.s. corruption in the process; and, which is
well within the government’s ability to resolve. In my world and way of
thinking, results do count! I’ve included prior correspondence for ease of
reference…’
Sincerely,
Albert L. Peia
America also
leads in the illegal drug trade. In fact, many researchers reveal that
the war on drugs is only utilized to control and monopolize the illicit
drug trade. The US government has been caught multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now openly protects and transports opium from Afghanistan [ http://www.youtube.com/watch?v=ElEciFI0Pew ] . In fact, Global Research points out that in 2001, “according to UN
figures, opium production had fallen to 185 tons. Immediately following the
October 2001 US led invasion, production increased dramatically, regaining its
historical levels.” This month, the U.N. announced that Afghanistan now provides 93% of the
world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons. Although the
empire tries to keep it secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm
Drug war hypocrisy: drug
trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on
the amount of drug trafficking that benefits the CIA and international banking
system. Natural News February 1, 2012 [ [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the
amount of drug trafficking that benefits the CIA and international banking
system. The son of a convicted notorious mobster, John Gotti Jr, when asked in
court if the family still dealt drugs cracked, “No, we can’t compete with the
government.”
The Criminal Banking Cartel's
End Game: A 100% Digital Monetary System
Posted by: smartknowledgeu Post date: 06/07/2012 The end game of this global
monetary crisis is the imposition of a 100% digital monetary system that would
permanently end what little economic freedoms we still retain today. Educate.
Resist. Fight... http://albertpeia.com/criminalcartel.htm { I agree with the thrust of this article which
I’ve yet to read in full; if only to emphasize that with a mouse
click/button/keystroke/enter you could easily be separated from your
money/wealth which is a formidable intimidating threat consistent with planned
subservience (and also facilitating manipulated fraud, etc.). And, don’t think
they wouldn’t do it, meaningless, arbitrarily enforced laws notwithstanding.
Don’t forget; government slugs all have the same employer. I experienced the
corruption first-hand: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm }
----------
September 5, 2012 http://albertpeia.com/nextroundeuimplosionnow.htm
http://albertpeia.com/outrageoushospitalbills.htm
http://albertpeia.com/beprepared.htm
http://albertpeia.com/wobamadeals.htm
http://albertpeia.com/18indicationseuropesuckinglifeofglobaleconomy.htm
THREE CHARTS TO WATCH FOR SIGNS OF WHAT’S TO COME September 4, 2012 http://gainspainscapital.com http://albertpeia.com/3chartstowatchwhatscoming.htm
http://albertpeia.com/oecofailureandlowpayjobs.htm
Dave’s
Daily: http://www.etfdigest.com BERNANKE SHOWS UP, STOCKS RALLY 8-31-12 { Absolutely amazing that something
that’s failed so miserably for all but the frauds on wall street, the price for
which will be paid by others now and in futuro could be an
accepted/anticipated/cheered strategy- How totally pathetic! How about real
valuations based upon real finance, economics as opposed to the fraudulent wall
street feel good from inflationary dollar debasement at everybody else’s
expense! }
http://theeconomiccollapseblog.com
http://albertpeia.com/proscons50states.htm / California: Pros: Disneyland, warm weather,
Malibu Cons: high taxes, Jerry Brown,
earthquakes, mudslides, wildfires, gang violence, crime, traffic, rampant
poverty, insane politicians, ridiculous regulations, bad schools, political
correctness, illegal immigration, not enough jobs, air pollution, multiple
nuclear power plants, possible tsunami threat along the coast, Los Angeles, San
Francisco, Oakland, Stockton, Sacramento, huge drug problem, high population density,
the state government is broke, many more reasons to leave California right here
http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm http://albertpeia.com/hopelesscluelesscalifornia.htm Overall Rating: F } ‘If you could live in any state in America,
where would you go? During troubled times like these, what is the best
place in the United States to live? A lot of people are asking these
kinds of questions these days. Our economy is on the verge of collapse,
natural disasters are becoming more frequent and more intense, the U.S.
population is becoming angrier and more frustrated by the day, our government
has become incredibly oppressive and controlling, war could break out at any
time and evidence that society is breaking down is all
around us . As our world becomes increasingly unstable, many
families are considering moving somewhere else. But what areas are best
and what areas should be avoided? Is there really a "best place to
live" in America? Well, the truth is that each family is facing a
different set of circumstances. If you have a great support system where
you live, it can be really tough to pick up and move 3000 miles away from that
support system. If you have a great job where you live now, it can be
really tough to move some place where there may be no job at all for you.
But without a doubt there are some areas of the country that will be far better
off than others in the event of a major economic collapse. This article
will take a look at each of the 50 U.S. states and will list some of the pros
and cons for moving to each one.
Not all of the factors listed below will
be important to you, and a few have even been thrown in for humor. But if
you are thinking of moving in the near future hopefully this list will give you
some food for thought.
A few years ago when my wife and I were
living near Washington D.C. we knew that we wanted a change and we went through
this kind of a process. We literally evaluated areas from coast to
coast. In the end, we found a place that is absolutely perfect for
us. But different things are important to different people.
And if I gave your particular state a
low rating, please don't think that I am trashing the entire state or all of
the people who live there.
For example, there are some absolutely
wonderful people that live in the state of California, and there are some areas
of California that I would not mind visiting at all. But for the times
that are coming I am convinced that it is going to be a really bad place to
live.
Not that I have all the answers
either. Hopefully this article can get some debates started, and
hopefully those debates will help people that are thinking of moving to another
state to be more informed.
The following are some pros and cons for
all 50 states....
Alabama
Pros: warm weather, southern
hospitality, relatively low population density
Cons: hurricanes, tornadoes, crime, not
enough jobs, multiple nuclear power plants, rampant poverty
Overall Rating: C+
Alaska
Pros: great fishing, lots of empty
space, low population density, great for rugged individualists
Cons: very high cost of living,
earthquakes, volcanoes, extremely cold, short growing season, too much snow,
potentially cut off from supplies from the lower 48 states during an emergency
situation
Overall Rating: B
Arizona
Pros: warm weather
Cons: illegal immigration, wildfires, return of dust bowl conditions , not enough
jobs, not enough rain, multiple nuclear power plants, crime, gang violence,
Phoenix
Overall Rating: D+
Arkansas
Pros: southern hospitality, warm
weather, Ozark National Forest
Cons: tornadoes, Clintons, New Madrid
fault zone, multiple nuclear power plants, crime, rampant poverty
Overall Rating: C
California
Pros: Disneyland, warm weather, Malibu
Cons: high taxes, Jerry Brown,
earthquakes, mudslides, wildfires, gang violence, crime, traffic, rampant
poverty, insane politicians, ridiculous regulations, bad schools, political
correctness, illegal immigration, not enough jobs, air pollution, multiple
nuclear power plants, possible tsunami threat along the coast, Los Angeles, San
Francisco, Oakland, Stockton, Sacramento, huge drug problem, high population
density, the state government is broke, many more reasons to leave California right here
Overall Rating: F
Colorado
Pros: Rocky Mountains, Colorado Springs
Cons: wildfires, illegal immigration,
short growing season, not enough rain, too much snow, huge drug problem
Overall Rating: B
Connecticut
Pros: beautiful homes
Cons: high taxes, insane politicians,
ridiculous regulations, political correctness, short growing season, multiple
nuclear power plants, high population density
Overall Rating: C-
Delaware
Pros: good fishing
Cons: Joe Biden, political correctness,
ridiculous regulations, insane politicians, crime, high population density
Overall Rating: D
Florida
Pros: University of Florida Gators,
oranges, low taxes, southern hospitality, Disneyworld, Gainesville, warm
weather, beautiful beaches, Daytona
Cons: hurricanes, most of the state is
barely above sea level, high population density, not enough jobs, multiple
nuclear power plants, crime, gang violence, illegal immigration
Overall Rating: C
Georgia
Pros: peaches, southern hospitality,
warm weather
Cons: not enough jobs, multiple nuclear
power plants, crime, gang violence, flesh eating disease, Atlanta
Overall Rating: B-
Hawaii
Pros: awesome beaches, warm weather,
great vacation destination
Cons: vulnerable to tsunamis, very high
cost of living, volcanoes, traffic, high population density, high taxes
Overall Rating: C-
Idaho
Pros: awesome people live there, great
potatoes, low population density, high concentration of liberty-minded
individuals, low crime, Sandpoint, Coeur d'Alene, north Idaho has plenty of
water compared to the rest of the interior West, beautiful scenery
Cons: cold in the winter, wildfires,
short growing season, not enough jobs
Overall Rating: A
Illinois
Pros: once you get away from Chicago
things are not quite so bad
Cons: Barack Obama, drought, New Madrid
fault zone, high population density, political correctness, ridiculous
regulations, insane politicians, crime, gang violence, Chicago, East St. Louis,
not enough jobs, multiple nuclear power plants, mob robberies, the state
government is drowning in debt
Overall Rating: D-
Indiana
Pros: it is in better shape than
Illinois, good farming, high Amish population
Cons: drought, tornadoes, the
city of Gary , relatively high population density, near the New Madrid
fault zone, a "rust belt" state
Overall Rating: C-
Iowa
Pros: low population density, low crime,
good farming
Cons: drought, tornadoes, cold in the
winter, multiple nuclear power plants, too much snow, very flat
Overall Rating: B-
Kansas
Pros: low population density, low crime,
good farming
Cons: drought, tornadoes, return of dust bowl conditions , very flat
Overall Rating: B
Kentucky
Pros: southern hospitality, great
horses, Lexington
Cons: New Madrid fault zone, not enough
jobs, rampant poverty, Louisville
Overall Rating: C
Louisiana
Pros: southern hospitality, warm weather
Cons: hurricanes, New Orleans, not
enough jobs, tornadoes, multiple nuclear power plants, oil spills, crime, gang
violence, rampant poverty
Overall Rating: D
Maine
Pros: low population density, low crime,
polite people
Cons: extremely cold, short growing
season, political correctness, ridiculous regulations, insane politicians, too
much snow
Overall Rating: B-
Maryland
Pros: the Washington Redskins play there
Cons: Baltimore, borders Washington
D.C., high population density, really bad traffic, political correctness,
ridiculous regulations, insane politicians, multiple nuclear power plants,
crime, gang violence
Overall Rating: C-
Massachusetts
Pros: beautiful homes
Cons: high taxes, political correctness,
ridiculous regulations, insane politicians, high population density, short
growing season, almost everything is illegal in Massachusetts
Overall Rating: D+
Michigan
Pros: once you get away from Detroit and
Flint things get better
Cons: Detroit , Flint,
Dearborn, extremely cold, short growing season, political correctness,
ridiculous regulations, insane politicians, not enough jobs, multiple nuclear power
plants, too much snow, a "rust belt" state
Overall Rating: D-
Minnesota
Pros: land of 10,000 lakes
Cons: extremely cold, short growing
season, multiple nuclear power plants, too much snow, high taxes
Overall Rating: C
Mississippi
Pros: southern hospitality, relatively
low population density, warm weather
Cons: hurricanes, tornadoes, not enough
jobs, rampant poverty, crime
Overall Rating: C+
Missouri
Pros: good farming, Branson
Cons: drought, tornadoes, New Madrid
fault zone, not enough jobs, crime
Overall Rating: C
Montana
Pros: low population density, low taxes,
high concentration of liberty-minded individuals, Missoula, Kalispell
Cons: extremely cold in the winter,
wildfires, short growing season, not enough rain, near Yellowstone super
volcano, rampant poverty, too much snow
Overall Rating: B+
Nebraska
Pros: low population density, good
farming
Cons: tornadoes, drought, multiple
nuclear power plants, cold in the winter, very flat
Overall Rating: B
Nevada
Pros: low population density, lots of
empty space, low taxes, warm weather
Cons: Harry Reid, Las
Vegas , Reno , not enough
water, not enough rain, wildfires, hard to grow food, not enough jobs, crime,
gang violence, huge drug problem, Yucca Mountain
Overall Rating: D+
New Hampshire
Pros: low crime, beautiful homes
Cons: extremely cold, short growing
season, political correctness, ridiculous regulations, insane politicians, too
much snow
Overall Rating: C
New Jersey
Pros: anyone got something?
Cons: high population density, Camden,
Newark, not enough jobs, multiple nuclear power plants, Atlantic City, crime,
gang violence
Overall Rating: D-
New Mexico
Pros: low population density, warm
weather
Cons: illegal immigration, wildfires, return of dust bowl conditions , not enough
jobs, not enough rain, crime, gang violence, huge drug problem
Overall Rating: C-
New York
Pros: the entire state is not like New
York City
Cons: New York City, Mayor Bloomberg,
high taxes, cold in the winter, high population density, political correctness,
ridiculous regulations, insane politicians, not enough jobs, multiple nuclear
power plants, the " too
big to fail " banks
Overall Rating: D
North Carolina
Pros: southern hospitality, warm
weather, Great Smoky Mountains National Park
Cons: hurricanes, not enough jobs,
multiple nuclear power plants
Overall Rating: B
North Dakota
Pros: low crime, lots of oil-related jobs , low population density
Cons: extremely cold, short growing
season, too much snow
Overall Rating: B
Ohio
Pros: the Cincinnati Reds, the Pro
Football Hall of Fame, high Amish population
Cons: not enough jobs, cold in the
winter, multiple nuclear power plants, high population density, Toledo , Cleveland, a
"rust belt" state
Overall Rating: C
Oklahoma
Pros: warm weather, good farming
Cons: drought, tornadoes, wildfires, return of dust bowl conditions , not enough
rain, crime, Oklahoma City, rampant poverty
Overall Rating: C
Oregon
Pros: tremendous natural beauty
Cons: high taxes, Portland, political
correctness, ridiculous regulations, insane politicians, not enough jobs, huge
drug problem, possible tsunami threat along the coast
Overall Rating: C-
Pennsylvania
Pros: high Amish population
Cons: high population density,
Pennsylvania, Pittsburgh, not enough jobs, multiple nuclear power plants, a
"rust belt" state
Overall Rating: C
Rhode Island
Pros: so small that most people don't
notice their problems
Cons: the state is flat broke , short growing season, political
correctness, ridiculous regulations, insane politicians, not enough jobs, high
population density
Overall Rating: D+
South Carolina
Pros: southern hospitality, warm
weather, Myrtle Beach
Cons: hurricanes, not enough jobs,
multiple nuclear power plants, crime, gang violence, rampant poverty
Overall Rating: B
South Dakota
Pros: low population density, fun
tourist traps, the Badlands, Mount Rushmore
Cons: extremely cold, short growing
season, very flat, too much snow
Overall Rating: B
Tennessee
Pros: Nashville, Michael W. Smith,
southern hospitality, warm weather, Gatlinburg
Cons: Memphis, New Madrid fault zone,
multiple nuclear power plants, crime, gang violence, rampant poverty
Overall Rating: B-
Texas
Pros: low taxes, warm weather, Austin
Cons: drought, illegal immigration,
tornadoes, wildfires, West Nile Virus, the Dallas Cowboys, return of dust bowl conditions , speed traps, not
enough rain, multiple nuclear power plants, George W. Bush, crime
Overall Rating: B-
Utah
Pros: beautiful mountains, low crime,
low population density
Cons: cold in the winter, wildfires,
Salt Lake City, short growing season, not enough rain, illegal to collect rain
Overall Rating: B-
Vermont
Pros: low crime, beautiful homes
Cons: cold in the winter, insane
politicians, ridiculous regulations, short growing season, political
correctness, not enough jobs, too much snow
Overall Rating: C
Virginia
Pros: the University of Virginia,
southern hospitality, Charlottesville
Cons: borders Washington D.C. , high population density,
multiple nuclear power plants, Richmond, really bad traffic in northern Virginia
Overall Rating: B-
Washington
Pros: the eastern half of the state is
quite nice and much different from the coast
Cons: way too much rain along the coast,
volcanoes, wildfires, insane politicians, ridiculous regulations, political
correctness, not enough jobs, possible tsunami threat along the coast, Seattle
Overall Rating: C
West Virginia
Pros: beautiful mountains
Cons: not enough jobs, rampant poverty
Overall Rating: B
Wisconsin
Pros: cheese, the Green Bay Packers
Cons: extremely cold, short growing
season, multiple nuclear power plants, too much snow,
Overall Rating: B-
Wyoming
Pros: low population density, lots of
empty space, low taxes
Cons: extremely cold, too windy, too
flat, wildfires, short growing season, not enough rain, Yellowstone super volcano
Overall Rating: B-
What do you think of these rankings?
What do you think is the best place to
live in America?
Do you have any additional pros and cons
that should be added to this list?
Please feel free to post a comment with
your thoughts below....’
Dave’s
Daily: http://www.etfdigest.com ‘QE QUESTIONS { To QE or not to QE, that is the question…whether it is nobler
in the mind to suffer the slings and arrows of outrageous destruction of
fortunes … ah, yes … good choice Dave … I know those soliloquies by heart…and
now, a little Lewis Carroll with a mad hatter none other than
helicopter-ben-shalom-bernanke … }
Drudgereport: Gasoline To Hit Labor Day Record
Price...
http://albertpeia.com/stockmarketcrashcoming.htm
{
Short answer, YES! If there’s still any rationality left in these stock
markets! }
http://albertpeia.com/americansgettingpoorer.htm
http://albertpeia.com/forsakenforgotten.htm
http://albertpeia.com/incometaxforwar.jpg
FORGET EUROPE… THIS IS A REAL CRISIS TO BE AFRAID OF http://albertpeia.com/usfoodcrisis.htm
http://albertpeia.com/centralbankswallstreetinsidersprepforsomethingbig.htm
http://albertpeia.com/mississippidryingup.htm
The
American Dream | The future of war is going to look really, really weird. http://endoftheamericandream.com
http://albertpeia.com/moredarpafollies.htm
{ I must say, regardless of the fact of
time constraints (you know, that ‘end thing’) that makes all irrelevant, they
can’t even control, properly manage what they have. I think Mike’s been
watching too much sci-fi, not that darpa doesn’t appreciate his misplaced vote
of confidence! Mike also seems to
forget that obama’s a proven failure who should and will be ridden out of
office on a rail. Quite simply, I believe mike’s lost his edge! }
Even the
Mainstream Media Now Thinks Germany Will Walk August 12, 2012 By gpc1981 http://albertpeia.com/eurocollapse.htm
Are The Government And The Big
Banks Quietly Preparing For An Imminent Financial Collapse?
The Economic Collapse | Something really strange appears to be happening.
All over the globe, governments and big banks are acting as if they are
anticipating an imminent financial collapse.
http://albertpeia.com/imminentfinancialcollapse.htm
http://albertpeia.com/desperateforapaycheck.htm
Stop
Fooling Yourself NO Entity On Earth Can Prevent This August 14, 2012 By gpc1981
http://albertpeia.com/stopfoolingyourselftheyhavenosolution.htm
What
Exactly Can the ECB Do? August 9, 2012 By gpc1981 http://albertpeia.com/marketsshortsqueezeeurophorialunacy.htm
http://albertpeia.com/preparingforcollapseofeconomy.htm
http://albertpeia.com/eumathinsolvency.htm
Why Europe Matters… And How
Spain Could Wipe Out Your 401(k) Posted by : Phoenix Capital... Post date: 08/06/2012 – http://albertpeia.com/eumatterswipeoutyour401k.htm In simple terms Europe is a HUGE deal for everyone. We’re not talking about
some distant region far off in the distance that we will watch go down from our
decks. We’re talking...
http://albertpeia.com/psycopathssociopathsamericasocietalcollapse.htm
{ Think about this! By wobama’s own criteria in his last total b***s***
campaign, he should be stepping down; having failed on all counts and then
some. He also promised to cut the nation’s deficit in half by the end of his
term; yet, he has increased the nation’s deficit by a record amount greater
than all the presidents since Eisenhower COMBINED ($5 trillion). He has done
this to help cover up his unequivocal failure by any standard by which you
measure a presidency, including his own. People in america must show the
Washingtonians they are not doormats! They must stand up and let these
politicos know that results count; particularly promised results. Absent
positive results as with unmitigated failure, choom-gang-banger wobama, they
get the boot. President Romney deserves the 4 years he’ll have to turn this
disaster called america around. If President Romney doesn’t cut the mustard in
4 years as promised, then he will be out. Results Count! I believe that people
in the final analysis will choose self-respect; that is, choose NOT to be
wobama’s doormat. Despite and contrary to wobama’s spin/propagandameisters’
desperate spin/outright falsity which addresses anything but wobama’s clear
record of failure, President Romney is smart enough, flexible enough, and with
a record of concrete results behind him as compared to wobama choom
fantasy/b***s***, President Romney will be a hands-on President to the entire
nation in the most positive sense. As such, I believe people will choose
self-respect, reality, real results which will make President Romney’s election
a substantial margin blowout victory!
Friday Humor: "I Am
Pledging To Cut The Deficit We Inherited By Half By The End Of My First Term In
Office" ZeroHedge.com
Tyler Durden { Wobama the b for b***s*** speaks … on
the prior pre-election campaign trail ( The Real Obama Budget Deficit
For 2011: 5 Trillion Dollars
http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S.
Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse
than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one
looks…The government’s total indebtedness is $211 trillion ’ … ) Obama's Five Trillion Dollar
Lie http://albertpeia.com/obamas5trilliondollarlie.htm
http://albertpeia.com/deadcropsdroughtwildfiresnewusnormal.htm
Obama Is Using The Curiosity
Landing To Push Government Spending
Business
Insider | President Barack Obama congratulated NASA on its successful mission
to send a robotic rover to Mars tonight, calling the landing of the Curiosity
an “unprecedented feat of technology.”
{ Riiiiight! ….. Geeeh! And here, I already thought they’ve
already done that … and, it’s so helped america’s fiscal and economic position
in the solar system! } { MISSIONS TO MARS TIMELINE: 1992 to 2004 }
http://albertpeia.com/spainitalytoastnomatterwhat.htm
http://albertpeia.com/only24percentusjobsgood.htm
Kurt Nimmo
{ I’m really constrained to interject my own direct
experience with the FBI here; and, I must say I do so lamentably. If you want
no real results vis-ŕ-vis organized crime which now extends to the upper
reaches, highest levels of the corrupt u.s. government, go to the FBI. I
discounted the new jersey FBI as just typical corrupt, mob infested jersey
which thinks in terms of discos/casinos. But, truth be told, they never ask the
‘tough’ questions of the biggest criminals; ie., the biggest wall street
frauds, cia connected illegal ‘drug ops’ (ops…riiiiight), federal judges ie.,
trump barry, shiff, alito, etc.; but, they did go after Martha Stewart in a
very big way over a $45,000 transaction. Wow! You can’t make this stuff up. I
also don’t believe their (understated) crime stats for even a second. I’m
beginning to feel foolish for having even put my full faith and trust in them,
much less the ‘federal (judicial) system’ who share the ‘same employer’; and,
despite my antipathy for the mob, probably would have fared ‘more fairly’ with
the mobsters directly who seem to have at least some sense of the magnitude of
the fraud involved and the pervasive corruption of the system and government
and maybe a semblance of honor in this nation of protracted decline. It never
would have occurred to me back when for me, such a choice/decision was
clear-cut and simple. Such a course as mine I no longer could recommend
inasmuch as there is little difference between state/government sponsored
crime/corruption and that perpetrated by other criminal elements, from my
direct experience with both, infra:
Debauchery: An American
specialty In the land of
Lindsay Lohan and Snooki, some federal workers reflect our culture all too
well. (Washington Post) [ Lindsay Lohan? Come on Mr. Milbank, hands off the low
hanging fruit. She’s totally harmless. Jersey ‘italian’ snooki? In mob infested
new jersey, who knows (one of the properties in my proceedings for which
surplus funds are unaccounted for was a 2 bedroom 1 and 1/2 bath condominium in
seaside heights, n.j.). But debauchery an american specialty? Another rare
instance wherein I agree with Mr. Milbank completely. 25 Signs That America Is A
Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics
held close to vest EXCLUSIVE |
Documents and interviews show FBI and Justice Department officials took steps
to control information uncovered by a task force designed to examine cases
involving discredited agents. Many defendants were never notified of flaws in
cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this. I’m
awaiting word from the FBI as to resolution, one way or the other, concerning
the RICO matters which have been systematically and corruptly covered up by the
government (executive, legislative, and judicial branches of the pervasively
corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . Never in my wildest dreams would I have believed the
level and extent of corruption and criminality within the ranks of the u.s.
government before embarking upon this costly quest for justice and simple
fairness consistent with clear law (infra, regarding the u.s. government’s
direct involvement in the illegal drug trade). In this civil RICO matter, there
are no innocent bystanders; but rather, perpetrators, accomplices, and
co-conspirators. When the fbi agent initially assigned to this matter
(Connecticut) abruptly resigned/retired shortly after a conversation, though
not central to my case, wherein I had said that rudy giuliani’s father had been
an (convicted) enforcer for the mob (served 12 years? in prison, aggravated
assault/manslaughter?) and then sent him documentation owing to his disbelief.
Though ultimately ineffectual vis-ŕ-vis my case, he was a likeable guy for whom
I had and still have regard. I then spoke with FBI Agent Jeff Rasey upon the
aforesaid agent’s departure who somewhat plaintively (‘my call being a burden’)
told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain
further. Could anyone tell me what that means? Initially, at new jersey’s FBI
office, I was ‘greeted’ by an FBI Agent who sarcastically asked me whether I
was ‘going to the disco that night’ (the documents including sworn statements
delivered to then u.s. attorney sam alito’s office in the same building
disappeared twice along with the initial assistant u.s. attorney Jonathan Lacey
with whom I had reviewed the documentary evidence, documents and their
probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf . We all can infer sam alito’s reward /
quid pro quo for his cover-up by his current position on the u.s. supreme
court. There was never a question as to maryanne trump barry’s
interest in corrupting the judicial process as related to her brother’s (trump)
casinos. Jersey city boy louis freeh, labeled by former Prosecutor Larry
Klayman as the most corrupt FBI director ever (see infra, mueller seems no
different, and certainly holder’s impeachable actions and corrupt
behavior/cover-ups fit the mold, ie., fast and furious, race bias favoring
blacks, etc.) apparently covered up the RICO violations as sent to him, and,
with italian citizenship and lucrative insider deals fits the bill. The FBI
Agent Jeff Hayes of the Long Beach Office with whom I reviewed the RICO
documents and confirmed same as indicative of (drug) money laundering was
transferred shortly after meeting with him, as has been so of FBI Agent Bill
Lewis (promoted to Washington FBI headquarters) with whom I discussed the RICO
matter and case disks/dvd’s sent to the LA FBI office (they printed the
documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here in Los
Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to believe
it based on my own experience and reasonable inference. I’m currently being
‘stonewalled’ by the LA FBI office since the departure of FBI Agent Bill Lewis.
GOOGLE SEARCH – ‘LARRY
KLAYMAN, LOUIS FREEH CORRUPT’
archive.newsmax.com/articles/?a=2000/7/30/211047
Jul 31, 2000 – Judicial
Watch is a public-interest law firm that fights corruption in government. To read Larry
Klayman's letter to Louis Freeh , ...
www.judicialwatch.org/archive/newsletter/2003/0203b.shtml
... security," said JW
Chairman Larry Klayman . "His behavior stands in stark contrast to Louis Freeh , a man so corrupt he destroyed the office he led, ...
www.freedomwriter.com/issue20/am15.htm
“ Louis Freeh will finally have to answer in court for what he did to our clients. ...
answers,” stated Judicial Watch Chairman and General Counsel Larry Klayman . ...
www.infowars.com/jw_transcript.htm
Klayman, Larry, Chairman,
Judicial Watch ... My name is Larry
Klayman . ... interest group that
investigates and prosecutes government corruption and abuse.
...... They seized his computer – these are FBI agents at the direction of Louis Freeh , ...
www.judicialwatch.org/archive/2001/printer_921.shtml
May 3, 2001 – Because of
his corrupt behavior, Freeh was placed on
Judicial Watch's ... stated Judicial Watch Chairman and General Counsel Larry Klayman . ...
www.wnd.com/index.php?pageId=5374
May 27, 2000 – By Larry Klayman ... While Judicial Watch has asked FBI Director Louis Freeh to .... lawsuits against a corrupt and unrepentant Clinton-Gore ...
cryptome.org/trulock-v-fbi.htm
LOUIS J. FREEH , in his personal capacity; NEIL GALLAGHER, in his
No. ... COUNSEL ARGUED: Larry E. Klayman , JUDICIAL WATCH, INC., Washing- ton, D.C. ...
Review of flawed forensics
held close to vest EXCLUSIVE |
Documents and interviews show FBI and Justice Department officials took steps
to control information uncovered by a task force designed to examine cases
involving discredited agents. Many defendants were never notified of flaws in
cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this. I’m
awaiting word from the FBI as to resolution, one way or the other, concerning
the RICO matters which have been systematically and corruptly covered up by the
government (executive, legislative, and judicial branches of the pervasively
corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . Never in my wildest dreams would I have believed the
level and extent of corruption and criminality within the ranks of the u.s.
government before embarking upon this costly quest for justice and simple
fairness consistent with clear law (infra, regarding ie., the u.s. government’s
direct involvement in the illegal drug trade, etc.). In this civil RICO matter,
there are no innocent bystanders; but rather, perpetrators, accomplices, and
co-conspirators. When the fbi agent initially assigned to this matter
(Connecticut) abruptly resigned/retired shortly after a conversation, though
not central to my case, wherein I had said that rudy giuliani’s father had been
an (convicted) enforcer for the mob (served 12 years? in prison, aggravated assault/manslaughter?)
and then sent him documentation owing to his disbelief. Though ultimately
ineffectual vis-ŕ-vis my case, he was a likeable guy for whom I had and still
have regard. I then spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s
departure who somewhat plaintively (‘my call being a burden’) told me that ‘he
was a Ford, and I was a Ferrari’, which he didn’t explain further. Could anyone
tell me what that means? Initially, at new jersey’s FBI office, I was ‘greeted’
by an FBI Agent who sarcastically asked me whether I was ‘going to the disco
that night’ (the documents including sworn statements delivered to then u.s.
attorney sam alito’s office in the same building disappeared twice along with
the initial assistant u.s. attorney Jonathan Lacey with whom I had reviewed the
documentary evidence, documents and their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf . We all can infer sam alito’s reward /
quid pro quo for his cover-up by his current position on the u.s. supreme
court. There was never a question as to maryanne trump barry’s
interest in corrupting the judicial process as related to her brother’s (trump)
casinos. Jersey city by louis freeh, labeled by former Prosecutor Larry Klaiman
as the most corrupt FBI director ever (see infra, mueller seems no different,
and certainly holder’s impeachable actions and corrupt behavior/cover-ups fit the
mold, ie., fast and furious, race bias favoring blacks, etc.) apparently
covered up the RICO violations as sent to him, and, with italian citizenship
and lucrative insider deals fits the bill. The FBI Agent Jeff Hayes of the Long
Beach Office with whom I reviewed the RICO documents and confirmed same as
indicative of (drug) money laundering was transferred shortly after meeting
with him, as has been so of FBI Agent Bill Lewis (promoted to Washington FBI
headquarters) with whom I discussed the RICO matter and case disks/dvd’s sent
to the LA FBI office (they printed the documents thereon, as per Agent Lewis),
Steven Martinez, ADIC, here in Los Angeles (see infra). So, as regards FBI
flaws, coverup, etc., I have to believe it based on my own experience and reasonable
inference. I’m currently being ‘stonewalled’ by the LA FBI office since the
departure of FBI Agent Bill Lewis.
The following is my comment
to an LA Times article regarding a Justice Department cover-up! As for your
inquiry, all I think about day and night is a long overdue resolution to the
RICO litigation as set forth therein:
I believe him!
I truly empathize with the ATF in terms of
government cover-ups, notably by even the DOJ. You’ll recognize some familiar
names (ie., Alito, Trump, Freeh (Louis Freeh now has dual citizenship with
Italy), and some familiar crimes (ie., drug money laundering, etc. – real cash
cow for gov’t ops, bribes, etc.). [Did you know this about the following ATF
Agents who were probably viewed as loose ends: Steve
Willis, Robert Williams, Todd McKeahan & Conway LeBleu: Died February 28, 1993 by
gunfire at Waco. All four were examined by a pathologist and died from
identical wounds to the left temple. All four had been body guards for Bill
Clinton, three while campaigning for President and when he was Governor of
Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ] Here’s
some real, complicit cover-up / fraud on the part of the federal government, et
als:
October 15, 2010 (*see
infra {ultimately delivered by UPS})
Steven
M. Martinez, Assistant Director In Charge
Dear
Sir:
I enclose herewith 3 copies of the
within DVD rom autorun disk (which will open in your computer’s browser) as per
your office’s request as made this day (the disk and contents have been scanned
by Avast, McAfee, and Norton which I’ve installed on my computer to prevent
viral attacks / infection and are without threat). I also include 1 copy of the
DVD as filed with the subject court as referenced therein (which files are also
included on the aforesaid 3 disks in a separate folder named ‘112208opocoan’).
The (civil) RICO action (as you’re aware, the RICO Act is a criminal statute
which provides a civil remedy, including treble damages and attorney fees, as
an incentive for private prosecution of said claims probably owing to the fact
that the USDOJ seems somewhat overwhelmed and in need of such assistance given
the seriousness and prevalence of said violations of law which have a
corrupting influence on the process, and which corruption is pervasive). A
grievance complaint against Coan was also filed concurrently with the subject
action and held in abeyance pending resolution of the action which was
illegally dismissed without any supporting law and in contravention of the
Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam
provisions of the Federal False Claims
Act probably would apply and I would absent resolution seek to refer the within
to a firm with expertise in that area of the law with which I am not familiar) .
The document in 5 pages under penalty of
perjury I was asked to forward to the FBI office in New Haven is probably the
best and most concise summary of the case RICO Summary to FBI Under
Penalty of Perjury at Their Request (5 pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The
correspondence I received from the Congresswoman by way of email attachment
(apparent but typical problem with my mail) along with my response thereto is
included on the 3 disks as
fbicorrespondencereyes.htm . With regard to
the calls to the FBI’s LA and New Haven, CT offices: There was one call to the
LA office and I was referred to the Long Beach, CA office where I personally
met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of
the money laundering which he confirmed as indicative of same (he was
transferred from said office within approximately a month of said meeting and
his location was not disclosed to me upon inquiry). The matter was assigned to
FBI Agent Ron Barndollar and we remained in touch for in excess of a decade
until he abruptly retired (our last conversation prior to his retirement
related to the case and parenthetically, Rudy Giuliani whose father I stated
had been an enforcer for the mob to which he registered disbelief and requested
I prove it, which I did – he served 12 years in prison, aggravated
assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew
Maloney’s the one that prosecuted gotti).
In contradistinction to the statement in
said correspondence, there is a plethora of information including evidence
supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set forth in the
case, inter alia,
A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains unaccounted
for and which could be used for payment to creditors, Los Angeles, etc..
Counsel Robert Sullivan on my behalf documented by
way of certification upon investigation that Alan Shiff, USBCJ, had falsely
stated a dismissal upon which false statement he predicated a retaliatory and
spurious contempt proceeding against me causing substantial damage, and for
which he sought Judicial Notice of those and related proceedings as did I in
some of my filings.
The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by
the court’s deadline causing creditors and me substantial damages:
[ Shiff Order of Dismissal With Prejudice on Coan’s Failure to File
Page 1
Page 2
]
Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for a
hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of
Connecticut, who denied Coan’s requested relief as to Coan but precluded my
action against Shiff (although there is no immunity, judicial or otherwise, for
criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) .
[ transcript in pertinent part - http://albertpeia.com/crossexamofcoanbypeia.pdf ]
Newly appointed judge,
Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite
the conflict of interest in light of hundreds of thousands of dollars of
illegal (drug) money being laundered through the Trump casinos by the RICO
defendants, and despite my motion to recuse her which motion she heard herself
and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to
join or file a separate motion to recuse and not long thereafter left said
office for private practice at Cole, Shotz, et als on retainer with the RICO
defendants as his primary client.
Probative and
evidentiary documents, affidavits, exhibits, including those turned over to FBI
Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney
Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in
Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said
documents and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with the
office, that the file/documents could not be located, and that there was no
further information available concerning contacting him or his location. I
thereupon delivered by hand, copies of said documents to the office of then
U.S. Attorney Alito, addressed to him, with assurance they would go directly to
him. In addition to being inept [ I looked in on the one mob case he had
brought, bungled, lost (accidently on purpose?) since I was suing some
mob-connected under RICO and the court (I had known / previously met outside of
court the judge Ackerman through a client) was absolute bedlam and a total joke
since incompetent corrupt Alito brought in all 20 mob defendants (rather than
prosecute one or a few to flip them first) who feigning illness had beds/cots
in the courtroom along with their moans during testimony and had the jury in
stitches. As much as I hate the mob, it truly was funny, if not so tragic.],
Alito is also corrupt (and maybe corrupt because he is inept).
After a reasonable (but still rather short) time I called to determine the
status and was told that Alito was no longer with the Office of the U.S.
Attorney, that he was (appointed) a federal judge, and that neither the
documents nor any file or record of same could be located. Alito did parley the
same / cover-up into quid pro quo direct lifetime appointment to the Court of
Appeals, 3 rd circuit, despite the absence of judicial
experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as
well). This is the same Sam Alito that now sits on the purported highest court
in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety coverage and
neither LA, nor creditors, nor I should continue to have been damaged by this
brazened corrupt and illegal scenario, which should be resolved in accordance
with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia 611 E. 5 th Street, #404
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. (Ultimately delivered by UPS) ]
FROM:
Rep. Lucille Roybal-Allard
TO:
[email protected]
Message flagged
Wednesday, November 16,
2011 8:48 AM
Dear Mr. Peia:
Thank you for being in touch. As
we continue the busy first session of the 112 th Congress, I want you
to know that I am grateful for the various times you have shared your thoughts
and concerns with me on different issues. Please be assured that your
voice is being heard and that your perspective helps me to better represent you
in Washington, D.C.
Sincerely,
[ This is a reply to the
Congresswoman’s query among others included.]
11-5-11
Dear Congresswoman Roybal-Allard:
The Keynesian (economic)
approach, if ever a wise prescription for ‘economic doldrums’, euphemistically
speaking (there are articles/studies/data that dispute the purported
effectiveness of the widely hailed ‘Keynesian remedy’ during the prior great
depression), the ‘Keynesian way’ is certainly no longer a prudent approach today
in light of the insurmountable debt levels of nations worldwide and in america
particularly along with the concomitant over-printed, debased ‘paper
currencies’ to finance same. Quite simply, there simply is not enough real
value being created for redistribution, a situation exacerbated by the
parasitic lightening fast, computerized churn and earn high frequency trading
programs on fraudulent wall street (they should be prosecuted, jailed, fined,
and disgorgement imposed for extant frauds in the trillions now marked to
anything as per misguided legislated FASB rule change). [ America’s
debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke …The
government’s total indebtedness is $211 trillion ’. 43,454,601,693,238 Reasons Why
The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17, 2011 http://www.economist.com/content/global_debt_clock ] .This is the consequence of a structural shift
fed by greed and misguided policy and cannot be undone (transfer of productive
capacity to ie., China, etc., ‘the bell cannot be unrung’). That said which
militates against such an extension, this is an election year which
probabilities suggest makes highly likely the passage of the extension. I favor
your co-sponsored legislation and before the holidays simply in the name and
spirit of Christmas and for no other reason whatsoever. Below is a recent
comment to Opinion Writer Krauthammer’s ‘more war spending (Keynesian)
position’ and an article regarding the folly of same. Immediately following is
from my prior post to you concerning something of such manageable proportion
and well within the government’s ability to resolve (if the government can’t
accomplish this consistent with law and long overdue, then there isn’t anything
the government can accomplish), along with other comments to you for ease of reference:
‘…As previously noted in a
prior message to you, I had previously spoken to FBI Agent Bill Lewis in
Washington who was recently promoted to the FBI Headquarters Office (D.C.) from
the FBI office here in LA, and who was to be out of the office for the two
weeks past. I’ll be contacting him given a reasonable time for him to ‘catch
up’, from being out of the office. While independent contractor richard coan is
ultimately the one to bear the burden of damages (there’s insurance and a
surety covering same), coan might allude to the prior default of the u.s.
government (assist. u.s. atty. robert i. lester miscounted / miscalculated the
time for filing an answer / response to the complaint upon service thereof,
also misstating the rule in open court before corrupt judge matz who
‘schmoozed’ things over (they both have the same employer), however incorrectly
according to the ‘law’. I ordered / bought a copy of the transcript of that
rather pathetic proceeding (posted in part on my website). In any event, regardless
who pays me, the amounts so paid would ultimately be recovered from coan, his
insurer/surety which amounts might even exceed the amount I’m willing to settle
at. [There is also a judgment (referenced in the correspondence to FBI ADIC
Martinez infra) that had been entered in my favor in the case, United States
District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth
approximately now in excess of $300,000 remains unaccounted for and which would
benefit Los Angeles, etc.; and then, of course as well, the substantial
damages. ] I’ve waited far too long for this matter to resolve, what should
have been resolved in accordance with clear law long ago; and, which would have
been resolved if not for typical u.s. corruption in the process; and, which is
well within the government’s ability to resolve. In my world and way of
thinking, results do count! I’ve included prior correspondence for ease of
reference…’
Sincerely,
Albert L. Peia
GOOGLE SEARCH – ‘LARRY
KLAYMAN, LOUIS FREEH CORRUPT’
archive.newsmax.com/articles/?a=2000/7/30/211047
Jul 31, 2000 – Judicial
Watch is a public-interest law firm that fights corruption in government. To read Larry
Klayman's letter to Louis Freeh , ...
www.judicialwatch.org/archive/newsletter/2003/0203b.shtml
... security," said JW
Chairman Larry Klayman . "His behavior stands in stark contrast to Louis Freeh , a man so corrupt he destroyed the office he led, ...
www.freedomwriter.com/issue20/am15.htm
“ Louis Freeh will finally have to answer in court for what he did to our clients. ...
answers,” stated Judicial Watch Chairman and General Counsel Larry Klayman . ...
www.infowars.com/jw_transcript.htm
Klayman, Larry, Chairman,
Judicial Watch ... My name is Larry
Klayman . ... interest group that
investigates and prosecutes government corruption and abuse.
...... They seized his computer – these are FBI agents at the direction of Louis Freeh , ...
www.judicialwatch.org/archive/2001/printer_921.shtml
May 3, 2001 – Because of
his corrupt behavior, Freeh was placed on
Judicial Watch's ... stated Judicial Watch Chairman and General Counsel Larry Klayman . ...
www.wnd.com/index.php?pageId=5374
May 27, 2000 – By Larry Klayman ... While Judicial Watch has asked FBI Director Louis Freeh to .... lawsuits against a corrupt and unrepentant Clinton-Gore ...
cryptome.org/trulock-v-fbi.htm
LOUIS J. FREEH , in his personal capacity; NEIL GALLAGHER, in his
No. ... COUNSEL ARGUED: Larry E. Klayman , JUDICIAL WATCH, INC., Washing- ton, D.C. ...
America also
leads in the illegal drug trade. In fact, many researchers reveal that
the war on drugs is only utilized to control and monopolize the illicit
drug trade. The US government has been caught multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now openly protects and transports opium from Afghanistan [ http://www.youtube.com/watch?v=ElEciFI0Pew ] . In fact, Global Research points out that in 2001, “according to UN
figures, opium production had fallen to 185 tons. Immediately following the
October 2001 US led invasion, production increased dramatically, regaining its
historical levels.” This month, the U.N. announced that Afghanistan now provides 93% of the
world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons. Although the
empire tries to keep it secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm
Drug war hypocrisy: drug
trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The
hypocrisy of the war on drugs is centers on the amount of drug trafficking that
benefits the CIA and international banking system. Natural News February 1, 2012 [ [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the
amount of drug trafficking that benefits the CIA and international banking system.
The son of a convicted notorious mobster, John Gotti Jr, when asked in court if
the family still dealt drugs cracked, “No, we can’t compete with the
government.”
The Criminal Banking Cartel's
End Game: A 100% Digital Monetary System
Posted by: smartknowledgeu Post date: 06/07/2012 The end game of this global
monetary crisis is the imposition of a 100% digital monetary system that would
permanently end what little economic freedoms we still retain today. Educate.
Resist. Fight... http://albertpeia.com/criminalcartel.htm { I agree with the thrust of this article which
I’ve yet to read in full; if only to emphasize that with a mouse
click/button/keystroke/enter you could easily be separated from your
money/wealth which is a formidable intimidating threat consistent with planned
subservience (and also facilitating manipulated fraud, etc.). And, don’t think
they wouldn’t do it, meaningless, arbitrarily enforced laws notwithstanding.
Don’t forget; government slugs all have the same employer. I experienced the
corruption first-hand: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm }
http://albertpeia.com/willpambondibenextvpus.htm
Tony Blair: hanging bankers
won’t help { Oui; mais, au contraire … a la quillotine avec ils! }
London
Telegraph | Public anger over the financial crisis is wrong and must not lead
Britain to “hang bankers at the end of the street,” Tony Blair says today.
Submitted by Tyler Durden
Just
because there is already an overflow of confidence in the financial system,
here comes the Senate's Permanent Subcommittee On Investigations with a 340
page report detailing how HSBC "exposed the U.S. financial system to a
wide array of money laundering, drug trafficking, and terrorist financing risks
due to poor anti-money laundering (AML) controls." Of course, since HSBC
is one of the world's largest banks, what it did was not in any way unique, and
it is quite fair to say that every other bank has the same loose anti-money
"laundering" provisions. What HSBC was likely most at fault for was
not providing sufficient hush money to the appropriate powers in the highest US
legislative administration. But at least tomorrow we will have yet another dog
and pony show, accusing that HSBC did what the NAR does every single day. Because let's
not forget that the National Association of Realtors lobbied for and received a
waiver for anti-money laundering provision regulations : after all how
else will US real estate remain at its current elevated levels if not for the
drug, blood, and fraud money from various Russian, Chinese, and petrodollar
kingpins, mafia bosses and otherwise rich people who need to launder their
money in the US, in the process keeping Manhattan real estate in the
stratosphere? But one can't possibly pursue the real truth if it just may impair
the fair value of that backbone of honest, hard-working US society: still
massively overpriced housing in a world in which those who need mortgages will
never get them.
[ Drug war hypocrisy: drug
trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the
amount of drug trafficking that benefits the CIA and international banking
system. Natural News February 1,
2012 [
http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is
outrageous when compared to the amount of drug trafficking that benefits the
CIA and international banking system. The son of a convicted notorious mobster,
John Gotti Jr, when asked in court if the family still dealt drugs cracked,
“No, we can’t compete with the government.”Today in Afghanistan, American
troops have been seen guarding poppy fields used to make heroin. Those fields
were all but wiped out by 2001 when the Taliban destroyed them and forbade that
agricultural pursuit. Now they’re flourishing again after the American
occupation. This doesn’t make sense despite all the mainstream reports that
American troops are protecting the poppy farmers from the bad guys. Internet
sites such as Prison Planet, Info Wars, The Political Coffeehouse and others
report otherwise. They connect the CIA and US military to restarting the poppy
fields in Afghanistan in 2002, increasing poppy growth by over 650 percent.
Who’s telling it like it is? One way the CIA keeps their drug trafficking
hidden from public view …’.
SHOCK: Justice Dept. will not prosecute Holder for
contempt of Congress... Justice
Department shields Holder from prosecution after contempt vote FoxNews.com | The Justice
Department moved Friday to shield Attorney General Eric Holder from prosecution
after the House voted to hold him in contempt of Congress. DOJ Says It Won't Prosecute
DOJ Head Holder How should we
say this: we are shocked, shocked , that the DOJ
won't prosecute itself. BREAKING: DOJ says it
won't prosecute Attorney General Holder after the GOP-led House voted to hold
him in criminal contempt of Congress – Fox see also, http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm House could
arrest Holder with inherent contempt power The Washington
Times | The thought is shocking, and conjures up a
Hollywood-ready standoff scene between House police and the FBI agents. { Eh, what the heck…you can let that
go…they’re hoodied blacks, not white like Nixon, etc…; and, be sure to hold on
to your wallets, purses everyone ‘cause there’s black folk in the capital! }
FLASHBACK NYT: Roberts drugs 'can have troubling side
effects, mental slowing and forgetfulness'... http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm }
http://albertpeia.com/bakedamerica.htm
President Obama: “If You’ve
Got A Business – You Didn’t Build That. Somebody Else Made That Happen”
Zero Hedge | “If you’ve got a business — you didn’t build that.
Somebody else made that happen.” { Riiiiight! That ‘minority owned business’
incentive for government contracts, bloated/padded for non-performance and
electoral considerations…’the minority view’ on the ebt, strike that, the bet
network. Say anything, wobama the b for b***s*** who suffers at the least from
the psychological disorder of psychogenic/dissociative amnesia. How totally
preposterous and pathetic at once! Wow! That ‘choom’ did wonders for wobama’s
understanding of business! Riiiiight ….they’ll beat a path to your door…to make
that business happen! This guy’s a totally dysfunctional joker who’s failed by
every measurable standard except increased deficits to obfuscate his
unequivocal failure! Other than the ‘choom/drug’ business, what business does
wobama really know? }
Obama: Biggest mistake too much perspiration, not enough inspiration [What total b***s***!] { Biggest mistake:
too much b***s***, not enough substance; that’s reality, not spin! } White
House on weak jobs report: Don’t ‘read too much’ into it Olivier Knox, Yahoo! News { Riiiiight! Sounds like a plan! After all,
wobama’s gotten’ by on b***s*** and ‘special consideration’ alone, never having
done anything of substance in his entire life. Indeed, even his so-called
‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced
fantasies which reveal a psychogenic/dissociative amnesia that works well in
the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign trail’
littered with the cowpies of stark reality. People owe themselves and their
children more than this grifter’s con which in numbers measures more than the
increased deficits of all the presidents since President General Eisenhower
combined to obfuscate his unequivocal failure. http://albertpeia.com/10waysobamakillingjobsinamerica.htm } Obama Asks People Getting Married To Forgo Gifts... Donate To His Campaign Instead... AP: ‘…THE FACTS: Five
Senate Democrats voted against sending the DREAM Act to the Senate floor for
full consideration. The bill would have created a path to citizenship for many
young illegal immigrants brought to the United States as children. Last week,
Obama announced plans to stop deporting illegal immigrants who would have
qualified for the DREAM Act. The policy change does not include a path to
citizenship…’ Then there’s the other meretricious
‘wobama desperation hail mary’ that once again falls short. Indeed, as an
investor, one analyzes earnings, projects prospective earnings over a 3-5 year
horizon, and the quality of the earnings along macro economic factors which are
affected by ‘political considerations’. Does anyone remember the honorable Ross
Perot who warned of NAFTA’s effect on american jobs even as the democrat administration
et als were hell-bent on passing same? Should Romney have breached his legal
duty to shareholders and invested in companies with poor earnings prospects?
After all, in the financial / security analysis step of projecting the income
statement, prospective labor costs figure prominently in the bottomline. In
sum, Romney took conditions as he found them, and made the prudent choices
which as per his legal duty were optimal for those who put their trust in him.
For those who put their trust in proven failure wobama, all they have to show
for such misplaced trust are broken campaign promises, now insurmountable
record deficit spending exceeding all the presidents since Eisenhower combined
to obfuscate what clearly has been wobama’s unequivocal failure. ] Will accept your birthday or anniversary gifts,
too...
IF IT WAS ONLY ONE THING ABOUT WOBAMA THAT
MAKES HIM SO WRONG. YET, IT’S A MULTITUDE OF REALITIES; FROM INVARIABLY BROKEN
CAMPAIGN PROMISES ( Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins
Oscar for Documentary on the unprosecuted massive extant fraud in the (many)
TRILLIONS by the frauds on wall street ( and declares with oscar in hand that
not one high level wall street exec has been prosecuted … despite ‘earning’
billions from the fraud ) Cases against Wall Street lag
despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. ‘ THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , etc.) , TO VERY REAL BIRTH ISSUES (WHAT PERSON FAILS TO
GET THEIR PLACE OF BIRTH CORRECT – THE FRAUDULENT WOBAMA KIND http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ) , TO THE CURRENT OBFUSCATING FRAUD, Obama's Five Trillion Dollar
Lie http://albertpeia.com/obamas5trilliondollarlie.htm { the economy is already in depression in real terms when taking into account real
inflation numbers. Financial Crisis Phase II Is
Ahead at Forbes Bert Dohmen ‘ In late 2007, I
wrote the book Prelude To Meltdown , predicting the
global crisis that occurred the following year. I now see a similar
confluence of events .. “the new recession has started.”… Over the past 33
years, we have called the start of every recession..Currently, the GDP deflator
is 1.8%, which hardly reflects the true rise in prices. Therefore, what is
counted as “growth,” is actually price increases. Actual inflation..is now more
than 11%. Using that to adjust GDP for inflation, would show that the economy
is now in a very sharp contraction…’ } , WOBAMA ET ALS’ DISINGENUOUS ATTACKS AGAINST
ROMNEY ON WHAT WAS PRIZED AND LAUDED AS LEGAL, COMPETENT MANAGEMENT INCREASING
SHAREHOLDER WEALTH (THE TASK OF COMPETENT MANAGEMENT) IN THOSE BLOATED,
NON-COMPETITIVE TIMES CONTRASTED WITH WOBAMA’S UNPRECEDENTED FURTHER
BANKRUPTING OF THE NATION AND INDISPUTABLE FAILURE AS PRESIDENT ( Obama's Legacy: A Failed Recovery & Double-Dip
Recession Forbes /
Mariotti ‘…There will be
no significant recovery in the United States of America while Barack Obama is
President. The evidence is overwhelming: everything Obama has tried
to fuel a recovery (with his Democratic allies in Congress) has failed.
Statistics claiming jobs saved by the stimulus package were mostly fiction, and
cost American taxpayers about $275,000 each. Nearly 2-1/2 million fewer
Americans have jobs than before the stimulus. Barack Obama has been President
for 30 months—2-1/2 years. He spent the first year obsessed with passing
Obamacare, a program that doesn’t create jobs, but might destroy a lot of them.
He “bailed out” GM, but many believe that his interference didn’t save
GM; it merely cost taxpayers an extra $15-20 billion, and stole from legitimate
investors to buy off the UAW. His broken campaign promises are too
numerous to list…’). IT IS NOTHING SHORT OF TRAGEDY TO SEE PEOPLE DELUDE AND
MAKE FOOLS OF THEMSELVES IN SUPPORT OF JIVE-TALKING GRIFTER/CON-MAN OBAMA. GOOD
BYE FORMER FAILED PRESIDENT WOBAMA … GOOD RIDDANCE!
Obama: 'We get Virginia, we win' { Well there you go….it’s now a one
state Presidential race, winner take all…Wow!...The scary thing is that wobama
seems to believe his own b***s***, even when he knows same to be false; as,
ie., Dreams, etc.. Another choom gang fantasy? He really insults people’s
intelligence. I personally believe, and strong case can be made, that wobama,
like fellow chitown pol jackson, jr., suffers from psychological disorder(s).
Indeed, at the least, from psychogenic/dissociative amnesia that makes the
aforementioned facts beyond the grasp of his ‘current unreality’. I also
believe that his heavy near everyday powerful pot (choom) use took its toll on
his cognitive functions that have facilitated his outlandish claims and
outright fabrications; exactly what the nation cannot afford in these critcal/perilous
times! }
http://albertpeia.com/12factorsamericancitieshellholes.htm
http://albertpeia.com/twobullmythsnowmoot.htm
Two
myths that the Bulls continue to cling to were rendered moot yesterday. Those
myths are:
1)
That the Fed will engage in more QE.
2)
That Spain is saved.
http://albertpeia.com/obamacareandsterilizingamericanwomen.htm
http://albertpeia.com/usgestapotactics.htm
http://albertpeia.com/scenesofdespair.htm
July 5, 2012 By gpc1981 http://albertpeia.com/germanywillbailoneuro.htm
http://albertpeia.com/areyouaslave.htm
June 29, 2012 By gpc1981 http://albertpeia.com/noeugamechangers.htm
http://albertpeia.com/kicksinthecandowntheroad.htm
http://albertpeia.com/empburst.htm
Murdoch Dissatisfied With
"Weak" Romney, Allies Say http://albertpeia.com/senilepenalmurdoch.htm { Yeah; murdoch prefers the ‘tougher’ gay
choom gang banger wobama alternative. More cream pies in his face cries the
senile old media meister. Yeah; the majority of the electorate think just like
billionaire murdoch. Let’s not kid ourselves…murdoch’s totally gone…even the
wisdom of his company’s breakup/split into two companies is being seriously
questioned. …’ Murdoch wrote on Twitter. "Tough O Chicago
pols ( Aah! Riiiiight! Just want the country needs; crime, corruption, cook
county politics, capone/chicago style , hudson county/jersey city/newark,n.j.
style, etc.; … Even LA’s substantially better than that; and, make no mistake,
as ‘wobama country’ LA’s pretty bad, etc.) …will be hard to beat unless he
drops old friends from team and hires some real pros’… First reality: He could
hire some real pros without dropping old friends…In the final analysis, even
americans will prove smart enough and not sufficiently self-destructive enough
and as such, will not embrace proven failure with more proven failure. People
must realize the magnitude of wobama’s failure and the unaffordable,
insurmountable expense of obfuscation: ‘…those who put their trust in proven failure wobama, all they have to show
for such misplaced trust are broken campaign promises, now insurmountable
record deficit spending exceeding all the presidents since Eisenhower combined
to obfuscate what clearly has been wobama’s unequivocal failure...’ ( The Real Obama Budget Deficit
For 2011: 5 Trillion Dollars
http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S.
Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse
than Greece’s News (CNN) — ‘Our government is utterly
broke. There are signs everywhere one looks…The government’s total indebtedness
is $211 trillion ’ … )
POLL: Obama drops 8 points with whites... ... 13-point plunge among young voters
Obama Asks People Getting Married To Forgo Gifts... Donate To His Campaign Instead... AP: ‘…THE FACTS: Five
Senate Democrats voted against sending the DREAM Act to the Senate floor for
full consideration. The bill would have created a path to citizenship for many
young illegal immigrants brought to the United States as children. Last week,
Obama announced plans to stop deporting illegal immigrants who would have
qualified for the DREAM Act. The policy change does not include a path to
citizenship…’ Then there’s the other meretricious
‘wobama desperation hail mary’ that once again falls short. Indeed, as an
investor, one analyzes earnings, projects prospective earnings over a 3-5 year
horizon, and the quality of the earnings along macro economic factors which are
affected by ‘political considerations’. Does anyone remember the honorable Ross
Perot who warned of NAFTA’s effect on american jobs even as the democrat
administration et als were hell-bent on passing same? Should Romney have
breached his legal duty to shareholders and invested in companies with poor
earnings prospects? After all, in the financial / security analysis step of
projecting the income statement, prospective labor costs figure prominently in
the bottomline. In sum, Romney took conditions as he found them, and made the
prudent choices which as per his legal duty were optimal for those who put
their trust in him. For those who put their trust in proven failure wobama, all
they have to show for such misplaced trust are broken campaign promises, now
insurmountable record deficit spending exceeding all the presidents since
Eisenhower combined to obfuscate what clearly has been wobama’s unequivocal
failure. ] Will accept your birthday or anniversary gifts,
too...
[ I’d say rupee
is full of poopee and a bit mixed up and ‘all over the place’ in his (senile)
‘thought process’ as he seeks to cover all bases! Murdoch paper endorses McCain | Media | guardian.co.uk www.guardian.co.uk ›
Sep 9, 2008 – Rupert Murdoch
may have told his biographer that he favoured Barack Obama rather than Hillary
Clinton because he'll sell more papers but ...
www.huffingtonpost.com/.../new-york-post-endorses-mc_n_124730....
Sep 8, 2008 – Back in May,
NewsCorp CEO Rupert Murdoch admitted that
he had "played a role" in the decision of the New York Post (which he
owns) to ...
finance.yahoo.com/.../Barack-Obama’s-Unlikely-Supporter-Rupert-'F...
May 29, 2008 – Murdoch's
not-quite-but-almost endorsement of Barack
Obama for ... Murdoch added that after a long career in
the Senate, McCain had been ..., etc…
] }
{ In sum, to conclude, though
comfortably familiar to aussie murdoch, himself the product of penal colony
progeny in what has now tantamount to a global penal colony with inmates
running the institution/asylum, rupee the poopee is less comfortable with
fact/reality of his global irrelevance. Moreover, the inmates who neither see
nor hear are not children of a lesser God; but rather, children of a lesser
world. Lamentably for some as he, God has not nor ever will abolish capital
punishment with time of the essence. From a pragmatic and least
self-destructive perspective, realize that give enough rope to blacks, they
won’t hang themselves, they will hang you. That’s just the way they are and
wishing and hoping won’t change that predisposition. Quite simply, the blacks
are laughing at the foolish whites among other ‘rainbow’ colors:
CHICAGOLAND: 7-Year-Old Girl Gunned Down While
Selling Lemonade Outside Home... MCCONNELL: 'Sold to American people on a
deception'... CURL: Gift to Romney... { This may seem somewhat
counterintuitive and a bit of a rationalization; but, it is absolutely true. So
true in fact, that wobama will come to be compared to Pyrrhus of Ephyrus (W.
Greece) since realization of what this legislation won’t do for americans and
the economy and what it actually does will not have the galvanizing effect that
striking the bill down would have had on voters who were thinking ‘another free
lunch from the government’ will save them (we all now know better, no such
thing). Yes, in somewhat European tradition, defacto bankrupt america is
keeping up with the (ie., rating agencies Egan) Joneses. After all, we all know
how well this European program model is working out for Europe (and any other
nation that’s tried it). In the final analysis, this and such programs as the
contraindicated bailouts for the unprosecuted frauds on wall street, etc., will
prove to be the ‘camel-back breaking’ moment for america; and, a pyrrhic
victory for the egregiously failed president wobama. America’s debt woe is worse
than Greece’s News (CNN) — ‘Our government is utterly
broke. There are signs everywhere one looks…The government’s total indebtedness
is $211 trillion ’ … }
HISTORIC: HOUSE VOTES HOLDER IN CONTEMPT... DEM HOODIED BLACKS PLUS WALK OFF FLOOR... Pelosi botches name of slain border agent...
Adult Chimpanzee Fatally Mauls Baby Chimp at LA
Zoo...
ZIMMERMAN PASSED POLICE LIE DETECTOR... REPORT... Syringes litter NYC beach...
ZOMBIE: Man who took synthetic drug strangles dog,
starts eating it...
POLL: Obama drops 8 points with whites... ... 13-point plunge among young voters
VIDEO: Obama Trips At Campaign Event In Tampa...
ZOMBIE: Naked man bites off chunk of arm...
PAPER: Obama's grandfather tortured by the British? A
fantasy (like most of the President's own memoir)... http://albertpeia.com/wobamaschoomgangfantasy.htm }
JAILHOUSE CALLS: Zimmerman told wife to buy
bulletproof vest... WAR ZONE: 7 Killed, Dozens Wounded During Obama Visit
to Chicago... More killed this year than in Afghanistan... Bill Maher: 'The Problem With Racism Is Matt
Drudge'...
U.S. Cannibal Updates: Doctors release first photos
of Miami cannibal victim... **WARNING: Extremely graphic** [ See here: http://albertpeia.com/blackcannibalswhitevicitm.htm ]U.S.
CANNIBAL UPDATES:
'Zombie Bullets' In High Demand Following Cannibal
Attacks... COPS: Attacker bit off large chunk of victim's face
in bloody assault... UPDATE: SOUTH BEACH CANNIBAL WAS CARRYING BIBLE, HAD
RECENTLY SMOKED POT... NEW: Man Threatens To Eat Cop... 'Growled, opened and closed his
jaw'... Woman bites wig shop owner’s bicep, spits flesh in
face... L.A.
KINGS' $50,000 PUSHES REWARD IN BABY'S SLAYING TO $100,000 June 6, 2012 { When are people going to awaken to the
reality of the uncivilized nigger? Where’s the outrage for this 1 year old baby
who unlike hoodie trayvon martin killed in self-defense (from niggers) was not
a thief and was totally innocent? The tragic outcomes for ignoring the threat
of the uncivilized niggers! }
http://albertpeia.com/blackonbrowncrime.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
July 3, 2012 By gpc1981 http://albertpeia.com/greeceyspainpain.htm
http://endoftheamericandream.com
http://albertpeia.com/nolegalsystem.htm
{ The unfortunate reality is what I’ve
alluded to in the context of my own direct experience; viz., america’s ‘legal
system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws
to apply pressure, etc., and essentially run by the inmates of this collective
criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm }
http://albertpeia.com/americaonfire.htm
Moody's
downgrades 15 major global banks
June 21, 2012 By gpc1981 http://albertpeia.com/germanypullout.htm
http://albertpeia.com/datamining.htm
{ They forgot to throw in pervasively corrupt, defacto
bankrupt america for good measure. It’s really quite amazing that anyone could
possibly think that more of the same, ie., more debt, more printed paper and
fiat paper currencies, etc., could possibly solve anything much less exacerbate
existing problems already weighing mightily on the respective nations. What it
is ‘is’ a contagion emanating from fraudulent wall street which invariably,
when reality sets in aka paying the piper, leads to far greater kicks in the
can for ‘kicking the can’. }
Durden
{ http://albertpeia.com/rosenbergsaysmarketovervaluedmorethan20percent.htm }
http://albertpeia.com/shockingtruthofunemploymentinamerica.htm
GARY SHILLING: PROFITS WILL PLUMMET AND STOCKS WILL PLUNGE 43% By Mamta Badkar | Business Insider
http://finance.yahoo.com/news/gary-shilling-profits-plummet-stocks-203000738.html
http://albertpeia.com/shillingsaysstockswillplunge43percent.htm
April 11, 2012 By gpc1981 http://gainspainscapital.com
http://albertpeia.com/europecollapseinmayjune.htm
27 Statistics About The
European Economic Crisis That Are Almost Too Crazy To Believe http://albertpeia.com/27statsofeueconomiccrisis.htm
Failed
Wobama model illustrated: 16 Reasons To Move Away From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm
April 23, 2012 By gpc1981 [ http://albertpeia.com/spainpain.htm ]
h ttp://albertpeia.com/ 22signs spainheadingintogreatdepression.htm
http://spainbanksystemsecrets.htm
http://albertpeia.com/classwarfare.htm
http://albertpeia.com/95percentofjobslostmiddleclass.htm
http://albertpeia.com/21unansweredquestions.htm
BIN LADEN WAS ALREADY DEAD Bin Laden: Everyone Is Missing
the Big Picture
http://albertpeia.com/binladenwasalreadydead.htm : George Washington : 04/30/2012
... Read full
article ‘ http://albertpeia.com/binladendeadandonicesince2001.htm
http://albertpeia.com/wobamaexecorderforoneworldgovernment.htm
{ The
truly astounding thing here is that without exception, these respective
nations, from largest to smallest, can’t even manage themselves, their own
nations properly, efficiently; and then there’s the inevitable corruption, ‘bigger
and better?’. Come on! More obfuscation! In a world such as this, human nature
being what it is, ‘bigger is definitely not better’! They’re pushing on a
string! Time for accountability! Time to pay the piper! Additionally, people
must come to grips with the reality that wobama hasn’t the slightest idea what
he’s doing; hence, the over-vacationed teleprompter reader whose ‘handlers’
have literally taken over policy, with some ‘slick’ maneuvering to try and
repackage him; ultimately to no avail inasmuch as his disastrous results at
home and abroad speak volumes. If only he had done what he said he was going to
do last campaign, this nation and the world would have been in a better
position today! }
me".’
Military Winning War Over
Pensions Bruce Krasting 05/02/2012 Why is the Military Retirement Fund exploding higher? http://albertpeia.com/militarypensiondebacle.htm
Eric Holder To Be Held In
Contempt Of Congress?
http://albertpeia.com/ericholderincontemptofcongress.htm
http://albertpeia.com/100millionworkingageamericansdonthavejobs.htm
May 4, 2012 By gpc1981 http://albertpeia.com/sharpcorrectioncoming.htm
http://albertpeia.com/merkelsinhotwaternomorebailouts.htm
Durden
http://albertpeia.com/notinlaborforce.htm
Some pictures for the past quarter http://albertpeia.com/42712pics.gif
ZeroHedge.com
http://albertpeia.com/5reasonsforcautioninusequities.htm
http:// albertpeia.com/ wobombanation.htm
Debt Serfdom in One Chart http://albertpeia.com/debtserfdom.htm
fedupusa.org | The essence of debt serfdom is debt rises to
compensate for stagnant wages.
Infowars.com | Ground up dead baby fetuses… just business as usual.
{ Well, let’s not kid ourselves;
there’s likely canabalism in wobama’s line! How totally disgusting. I’ll never
drink pepsi ever again! }
http://theeconomiccollapseblog.com
http://albertpeia.com/countdowntoeurobreakup.htm
The Way The Pentagon Is
Predicting Your Potential To Become A National Threat Is Frightening Business
Insider | Tom Cruise made “pre-crime’” a futuresque and controversial method of
law enforcement in the 2002 movie Minority Report. { The business of war … now
you know, along with the frauds on wall street, where all your tax dollars went
and how the nation’s insurmountable debt-load and defacto bankruptcy came to
be… http://albertpeia.com/wherehaveallthetaxdollarsgone.htm } Officials: Al-Qaida underwear bomber worked for CIA
http://albertpeia.com/financialworriesabouteurope.htm
24 Facts That Prove That
America Is A Nation Of Slobs http://albertpeia.com/24factsproveamericaanationofslobs.htm }
J.P. Morgan has significant
credit portfolio loss May 10th, 2012 by News
Breaking…………“Shares of J.P. Morgan Chase & Co. JPM -5.89% dropped after the
bank said in a regulatory filing late Thursday it had “significant”
mark-to-market losses in its synthetic credit portfolio. Shares fell 4.5% to
$38.87 in after-hours activity. In a Securities and Exchange Commission filing,
the bank said its synthetic credit portfolio had proved to be riskier and more
volatile than expected.” MarketWatch MK comment: Sound
familiar? Think Bear Stearns, early 2008.
J.P. Morgan Reveals 'London Whale'-Size Losses
Surprising JPMorgan loss hits stock market late NEW YORK
(Reuters) - Stock index futures fell sharply on Thursday evening as JPMorgan
Chase & Co stunned investors with news that its chief investment office had
incurred "significant mark-to-market losses...
Marc Faber Sees A 1987-Like Crash Approaching www.zerohedge.com http://albertpeia.com/chinamerica.htm
http://albertpeia.com/collapseofderivativesmarket.htm
Lot of whistling down there on wall
street as ‘WALL STREET DOES BROADWAY’ (not Main Street mind you, they’re for
screwin’) … Rogers and Hamerstein to be exact with their recurring theme going
thusly:
Whenever the frauds on wall street feel
afraid,
Their penises get erect (for screwin’
someone other than their deserving selves),
They whistle a happy tune,
So no one will suspect,
They’re afraid.
While shivering in their shoes,
They strike a fearless pose,
And whistle a happy tune,
So no one will suppose,
They’re afraid.
Yeah, lots and lots of whistling on
fraudulent wall street. So uniquely fashioned to their task of obfuscation and
fraud, even Humphrey Bogart would have found Lauren Bacall’s instructive
direction for same as wanting in comparison (not everyone will get this…famous,
but strictly unreal cinematic show biz, not the live fraud biz of wall street
fame). I believe much of this soft shoe song and dance was for the ‘benefit’ of
european markets which are hopelessly in the throes of their own confrontation
with reality, which despite all the whistling is all going to get much worse
than feared, fearless poses notwithstanding (see infra).
It is here where wobama not doing what
he said he’d do last campaign littered with his jive-talking b***s***!
Roche 'The worst part of it
...Obama, who vowed change, has done almost nothing to fix any of it and
in fact continues most of the policies that helped get us here in the first
place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the
unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall
street ( and declares with oscar in hand that not one high level wall street
exec has been prosecuted … despite ‘earning’ billions from the fraud ) Cases against Wall Street lag
despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown.
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Facebook co-founder Saverin renounces citizenship
http://albertpeia.com/collapseofderivativesmarket.htm
http://albertpeia.com/insanelyoptimistic.htm
http://albertpeia.com/hopelesscluelesscalifornia.htm
Failed Wobama model illustrated: 16 Reasons To Move Away
From California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm
http://albertpeia.com/chinabuyingamerican.htm
http://albertpeia.com/endofeurozone.htm
http://albertpeia.com/greekbankrunsgoeurope.htm
http://albertpeia.com/18signseuropebankcrisisbadtoworse.htm
http://albertpeia.com/greekbankingsystemdying.htm
http://albertpeia.com/19thingshsstudentsshouldbetoldbeforecollege.htm
http://albertpeia.com/newworldordervedgesmockus.htm
{ First, let me say that the vedges of the so-called new
world order are in no real position to mock anyone, so mockable as they indeed
are, as the incompetent vegetables that they in fact are, who have been the
very architects of ultimately their own and the planet’s decline, fall, and
demise. Yet, there is no question but that the ‘masses’ so mocked, deserve to
be mocked, having embraced their dismal fate at every turn; viz., their embrace
of ‘political correctness’, though contraindicated, as, ie., the embrace of the
violent, destructive nigger who literally would have them for dinner, or the
compulsion to embrace that which the state says is right, though
contraindicated, for political expedience owing to failure fed (including the
incompetent missteps of the failed fed) desperation, ie., gay marriage, etc.,
contrived wars / conflicts, among other clearly observable, self-interested
behavior of people, companies, nations, including the gargantuan bailed out
frauds on wall street to everyone’s (but the frauds’) detriment, still
unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has
not been held to even one of his former now broken campaign promises and is
embraced by those foolish enough to believe more of the same is testament to
how deserving of mocking the masses truly are (people should be outraged and
wobama should be ‘ridden out on a rail’). Make no mistake; the reality is that
the ‘new world order’/so-called ‘elite’ are not elite at all; but rather,
incompetent vegetables who can’t do anything right as they’ve now proven time
and time again. As I previously said: The Elite Believe That You Are
Ruining Their Planet And They Want You To Stop Reproducing { First and foremost clarification: There are no elite on
this planet. The grim reality for this planet is a dominant species descended
from initially notochords, primitive chordates, and relatively more recently primitive
apes. http://albertpeia.com/anthroindex1.htm , for a brief
but sorrowful history of man. }
http://albertpeia.com/planetalreadyruined.htm }
http://albertpeia.com/obamas5trilliondollarlie.htm
{
I disagree to the extent that this economic scenario is posited as
anything but presently already in depression in real terms when taking into
account real inflation numbers. Financial Crisis Phase II Is
Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown , predicting the global crisis that
occurred the following year. I now see a similar confluence of events ..
“the new recession has started.”… Over the past 33 years, we have called the
start of every recession..Currently, the GDP deflator is 1.8%, which hardly
reflects the true rise in prices. Therefore, what is counted as “growth,” is
actually price increases. Actual inflation..is now more than 11%. Using that to
adjust GDP for inflation, would show that the economy is now in a very sharp
contraction…’ }
http://albertpeia.com/fedecbcantstopcomingcrash.htm
http://albertpeia.com/bankrunsspainitalyeuropeanarchy.htm
{ The one ‘glass half-full’ thing that’s
going for them is that perma-bull Cramer is so wrong, so often, in very big
ways; yet, realistically one must admit that if cramer’s saying so, it’s many
times worse! }
http://albertpeia.com/eurosend.htm
IF IT WAS ONLY ONE THING ABOUT WOBAMA THAT
MAKES HIM SO WRONG. YET, IT’S A MULTITUDE OF REALITIES; FROM INVARIABLY BROKEN
CAMPAIGN PROMISES ( Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar
for Documentary on the unprosecuted massive extant fraud in the (many)
TRILLIONS by the frauds on wall street ( and declares with oscar in hand that
not one high level wall street exec has been prosecuted … despite ‘earning’
billions from the fraud ) Cases against Wall Street lag
despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. ‘ THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , etc.) , TO VERY REAL BIRTH ISSUES (WHAT PERSON FAILS TO
GET THEIR PLACE OF BIRTH CORRECT – THE FRAUDULENT WOBAMA KIND http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ) , TO THE CURRENT OBFUSCATING FRAUD, Obama's Five Trillion Dollar
Lie http://albertpeia.com/obamas5trilliondollarlie.htm { the economy is already in depression in real terms when taking into account real
inflation numbers. Financial Crisis Phase II Is
Ahead at Forbes Bert Dohmen ‘ In late 2007, I
wrote the book Prelude To Meltdown , predicting the
global crisis that occurred the following year. I now see a similar
confluence of events .. “the new recession has started.”… Over the past 33
years, we have called the start of every recession..Currently, the GDP deflator
is 1.8%, which hardly reflects the true rise in prices. Therefore, what is
counted as “growth,” is actually price increases. Actual inflation..is now more
than 11%. Using that to adjust GDP for inflation, would show that the economy
is now in a very sharp contraction…’ } , WOBAMA ET ALS’ DISINGENUOUS ATTACKS AGAINST
ROMNEY ON WHAT WAS PRIZED AND LAUDED AS LEGAL, COMPETENT MANAGEMENT INCREASING
SHAREHOLDER WEALTH (THE TASK OF COMPETENT MANAGEMENT) IN THOSE BLOATED,
NON-COMPETITIVE TIMES CONTRASTED WITH WOBAMA’S UNPRECEDENTED FURTHER
BANKRUPTING OF THE NATION AND INDISPUTABLE FAILURE AS PRESIDENT ( Obama's Legacy: A Failed Recovery & Double-Dip
Recession Forbes /
Mariotti ‘…There will be
no significant recovery in the United States of America while Barack Obama is
President. The evidence is overwhelming: everything Obama has tried
to fuel a recovery (with his Democratic allies in Congress) has failed.
Statistics claiming jobs saved by the stimulus package were mostly fiction, and
cost American taxpayers about $275,000 each. Nearly 2-1/2 million fewer
Americans have jobs than before the stimulus. Barack Obama has been President
for 30 months—2-1/2 years. He spent the first year obsessed with passing
Obamacare, a program that doesn’t create jobs, but might destroy a lot of them.
He “bailed out” GM, but many believe that his interference didn’t save
GM; it merely cost taxpayers an extra $15-20 billion, and stole from legitimate
investors to buy off the UAW. His broken campaign promises are too
numerous to list…’). IT IS NOTHING SHORT OF TRAGEDY TO SEE PEOPLE DELUDE AND
MAKE FOOLS OF THEMSELVES IN SUPPORT OF JIVE-TALKING GRIFTER/CON-MAN OBAMA. GOOD
BYE FORMER FAILED PRESIDENT WOBAMA … GOOD RIDDANCE!
Dave’s Daily: http://www.etfdigest.com ALGOS FEAST ON RUMORS May 24, 2012 http://albertpeia.com/dave.htm
{ Related: 34 Shocking Facts About U.S.
Debt That Should Set America On Fire With Anger http://theeconomiccollapseblog.com http://albertpeia.com/34shockingfactsofusdebt.htm ‘We have all been lied to. For decades,
the leaders of both major political parties have promised us that they can fix
our current system and that they can get our national debt under control.
As the 2012 election approaches, they are making all kinds of wild promises
once again. Well you know what? It is all a giant sham. The
United States has gotten into so much debt that there will be no coming back
from this. The current system is irretrievably broken…#32 Professor
Laurence J. Kotlikoff, the U.S. is facing a "fiscal gap" of over 200
trillion dollars in the future. The following is a brief excerpt from a
recent article that he did for CNN ...The government's total indebtedness -- its
fiscal gap -- now stands at $211 trillion, by my arithmetic. The fiscal gap is
the difference, measured in present value, between all projected future
spending obligations -- including our huge defense expenditures and massive
entitlement programs, as well as making interest and principal payments on the
official debt -- and all projected future taxes…#33 If you add up all forms of
debt in the United States (government, business and consumer), it comes to more
than 56 trillion
dollars . That is more than $683,000 per family…}
http://albertpeia.com/usacommunistchinacolony.htm
{ A sure sign that the communist Chinese have lost their
edge; I mean, rationally speaking, who’d want to? }
[ Related: Why Is The Obama
Administration Allowing The Chinese Government To Buy Up U.S. Oil And Gas
Deposits Worth Billions Of Dollars?
http://albertpeia.com/chinabuyingamerican.htm ]
http://albertpeia.com/derivativesmarketcrashtaxpayerbailout.htm
Submitted by Tyler Durden http://albertpeia.com/everyonenowasellerofusstocks.htm
"Expect the S&P500 to decline decisively below its March 2009,
666 intraday low. All hope will be crushed ."
http://albertpeia.com/sp500todeclinebelow666.htm
http://albertpeia.com/badjobsreportsmalltasteofcomingnightmare.htm
http://albertpeia.com/endgamecollapse.htm
http://albertpeia.com/laborparticipationratechartfromdave.jpg
June 1, 2012 By gpc1981 http://albertpeia.com/contraindicatedqe3aintcoming.htm
http://albertpeia.com/unwantscontrolofinternetforcensorshiptaxessurveillance.htm
http://albertpeia.com/21signsbadsummerforglobalfinancialsystem.htm
http://albertpeia.com/eusystemicrisk.htm
http://albertpeia.com/americaindeclineandloweredexpectations.htm
Submitted by Tyler Durden { Riiiiight!
What a dumb thing to say … after all, Who’s going to bail out the US, who’s
going to clean up the mess they call US - The Real Obama Budget Deficit
For 2011: 5 Trillion Dollars
http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S.
Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse
than Greece’s News (CNN) — ‘Our government is utterly
broke. There are signs everywhere one looks…The government’s total indebtedness
is $211 trillion ’ … }
Dave’s Daily:
http://www.etfdigest.com
BIG WEDNESDAY SHORT SQUEEZE 6-6-12 ‘There wasn’t much in the way of
“hard news” to account for Wednesday’s large stock market rally … warm-up acts
for Thursday’s Bernanke’s congressional speech.Below is a quote in the conclusion
of Richard Fisher’s (Dallas Fed President & non-voting member) speech which
was little noted but struck a nerve nonetheless with yours truly: “And there is a
growing sense that we are unwittingly, or worse, deliberately, monetizing the
wayward ways of Congress. I believe that were we to go down the path to further
accommodation at his juncture, we would not simply be pushing on a string (in
other words, futile) but would be viewed as an accomplice to the mischief
(corruption, fraud, incompetence, malfeasance, etc.) that has become synonymous
with Washington…’
June 6, 2012 By gpc1981 http://albertpeia.com/eufinished.htm
The Criminal Banking Cartel's
End Game: A 100% Digital Monetary System
Posted by: smartknowledgeu Post date: 06/07/2012 The end game of this global
monetary crisis is the imposition of a 100% digital monetary system that would
permanently end what little economic freedoms we still retain today. Educate.
Resist. Fight... http://albertpeia.com/criminalcartel.htm { I agree with the thrust of this article
which I’ve yet to read in full; if only to emphasize that with a mouse
click/button/keystroke/enter you could easily be separated from your
money/wealth which is a formidable intimidating threat consistent with planned
subservience (and also facilitating manipulated fraud, etc.). And, don’t think
they wouldn’t do it, meaningless, arbitrarily enforced laws notwithstanding.
Don’t forget; government slugs all have the same employer. I experienced the
corruption first-hand: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm }
Dave’s Daily: http://www.etfdigest.com MARKETS RALLY ON LIGHT VOLUME 6-8-12
‘Markets started the day off weakly then rallied late because…wait for it,
Spain is rumored to be willing to ask for help, and Obama said European leaders
face an “urgent need to act”. No, you can’t make this kind of stuff up. His
statement is about as effective as a Kofi Annan Syrian peace plan. Search as I
may, there seems to be little hard news to explain Friday’s rally.
http://albertpeia.com/70badfactsaboutuseconomy.htm
Hollywood trip marks Obama's 150th fundraiser President Obama Vacations . [VIDEO] | Most Watched Today | The ... http://www.mostwatchedtoday.com/president-obama-vacations It seems like every
week president Barack Obama is on another vacation or
playing games. When does he plan to start fixing things here in the United
States? { Between fundraisers and
vacations, did he expect the nation to miraculously mend itself? Did he forget
all his campaign promises? (Short answer: yes – longer answer: that was just
part of his con / grift). The audacity in light of the foregoing for him in
this election year to blame everyone else for his b***s***/unequivocally failed
tenure as president. Note the last minute election-year desperation of wobama
finger-pointing, etc.. Then there’s moochell obama… ‘ Expensive massages,
top shelf vodka and five-star hotels: First Lady accused of spending $10m in
public money on her vacations’ By Daily Mail Reporter Read more: http://www.dailymail.co.uk/news/article-2029615/Michelle-Obama-accused-spending-10m-public-money-vacations.html#ixzz1xGRC32Vk ( What grifters/cons the wobamas are! They
should be ridden out on a rail! ) } http://albertpeia.com/heavilyvacationedatgreatcosttonation.htm
http://albertpeia.com/economiccollapsenotsingleevent.htm
http://albertpeia.com/reinforcementoffailure.htm
Dave’s Daily:
http://www.etfdigest.com
BULLS ARE EXPECTING MORE FED QE 6-12-12 ‘“I’ve been in favor of pretty
much any accommodative policy I’ve heard about,” said Charles Evans, President
of the Chicago Fed on Bloomberg TV. What a remarkable statement? (Actually, he
says this kind of stuff all the time.) Using his logic you could take anyone
off the street and get something accommodative Evans would sign off on. ..
Investigate, and try as I might, there isn’t much reason to rally beyond the
powers of the Fed’s printing press and some oversold conditions. As mentioned
previously, let’s not forget quad-witching Friday and portfolio manager bonuses
due at quarter end. Sure it’s cynical but it’s a fact. The roller coaster ride
of uncertainty continues causing investors to sell and shorts to be squeezed. It’s
a manipulated algo driven affair. So it’s no wonder many investors have fled
markets seeking safety in bonds or mattress money generally. .. ( from Dave’s
Daily: http://albertpeia.com/dave.htm )
Americans'
net worth falls 40% from 2007-2010
The Unavoidable U.S. Reality: The Upcoming Economic Collapse James Wood is devoted
to analyzing markets and where our economy is going. He believes that the next
few years will be some of the toughest we have had since the Depression which
started in 1929.
Just in! Beat the devil(s)! No, not
that Humphrey Bogart film from years ago of that same title; but rather, beat
the devils as in jersey devils, as in LA Kings just beat the devils of that
sordid, corrupt, mob-overrun, disgusting state of new jersey. I hope I don’t
sound like a ‘fair-weather fan’, but I’m now an LA Kings fan for life!
Congratulations to the Champion LA Kings! { I really hate new jersey! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm }
Jerry Sandusky’s defense could be histrionic personality disorder [ Come on! A psychiatrist/psychologist would
be accused of malpractice for such a diagnosis; clearly more than
self-dramatization and an exaggerated display of emotions on the part of sweet
sandy...Sobbing witness, 18, details sex abuse in Sandusky trial { The defense:
just a frolicking, cornholin’, fun-loving man-child; that sweet sandy was!
Riiiiight! ‘… "After cracking my back and rubbing his hands down the back
of my shorts and blowing on the stomach, he, he put his mouth on my
privates," the man said, holding back sobs as a silent courtroom listened.
"I didn't know what to do. With all the thoughts running through my head I
kind of blacked out, I didn't want it to happen," the witness added. The
witness began to cry and said Sandusky later had forced him to put his mouth on
the coach's genitals…’ } http://albertpeia.com Crying
witness gives graphic Sandusky account
Witness:
I saw Sandusky in the showers with a boy ]
http://endoftheamericandream.com
http://albertpeia.com/howtodietime.htm
{ First and foremost
clarification: There are no elite on this planet. The grim reality for this
planet is a dominant species descended from initially notochords, primitive
chordates, and relatively more recently primitive apes. http://albertpeia.com/anthroindex1.htm , for a brief
but sorrowful history of man. }
[ 12 Pictures That Demonstrate
How The New World Order Openly Mocks Us http://albertpeia.com/newworldordervedgesmockus.htm { First, let me say that the vedges of the
so-called new world order are in no real position to mock anyone, so mockable
as they indeed are, as the incompetent vegetables that they in fact are, who
have been the very architects of ultimately their own and the planet’s decline,
fall, and demise. Yet, there is no question but that the ‘masses’ so mocked,
deserve to be mocked, having embraced their dismal fate at every turn; viz.,
their embrace of ‘political correctness’, though contraindicated, as, ie., the
embrace of the violent, destructive nigger who literally would have them for
dinner, or the compulsion to embrace that which the state says is right, though
contraindicated, for political expedience owing to failure fed (including the
incompetent missteps of the failed fed) desperation, ie., gay marriage, etc.,
contrived wars / conflicts, among other clearly observable, self-interested
behavior of people, companies, nations, including the gargantuan bailed out
frauds on wall street to everyone’s (but the frauds’) detriment, still
unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has
not been held to even one of his former now broken campaign promises and is
embraced by those foolish enough to believe more of the same is testament to
how deserving of mocking the masses truly are (people should be outraged and
wobama should be ‘ridden out on a rail’). Make no mistake; the reality is that
the ‘new world order’/so-called ‘elite’ are not elite at all; but rather,
incompetent vegetables who can’t do anything right as they’ve now proven time
and time again. As I previously said:
PrisonPlanet.com
| Facebook has deleted my account for no reason and is demanding my passport.
Social networking websites routinely censor alternative media. Another
fantastic reason to sign up at Planet Infowars. http://albertpeia.com/37responsestofacebookdeletesaccountdemandspassport.htm
htt p://albertpeia.com/onepointsix trillionmoredebt.htm
http://albertpeia.com/10thingswecanlearnpreparefromgreekeconomiccollapse.htm
Submitted by Tyler Durden http://albertpeia.com/usdhsadmitsmonitoringyouforthese377words.htm
Spain Just Gave Us a Glimpse
Into the True State of the EU Banking System Posted by: Phoenix Capital... Post date: 05/31/2012 - 13:55 This is the state of affairs in
Europe: bankrupt nations trying to bailout bankrupt banks or looking for
bailouts from funds that are backed by other bankrupt nations.What could go
wrong? http://albertpeia.com/truestateofeubankingsystem.htm
http://albertpeia.com/18examplesofnannystategonewild.htm
http://albertpeia.com/taxesyoupaytheirway.htm
{As I’ve previously said, President Romney would be less
than rational to tell his tax advisors ‘to take a dive’ when it comes to his
financial planning. Importantly, it should be noted that up to now, President
Romney has not been part of the federal system (unlike obama, kerry, etc.) that
sets federal tax policy / laws.}
Submitted by Tyler Durden
“I am concerned for the security of our great
Nation; not so much because of any threat from without, but because of the
insidious forces working from within.”
’ http://albertpeia.com/dave.htm
Forget the Upcoming Elections…
Greece Has Already Proved the Great “Bailout Lie” May 29, 2012 By gpc1981 http://albertpeia.com/alreadygreatgreekbailoutlie.htm
http://albertpeia.com/25signssmartmoneywriteoffsoeu.htm
http://albertpeia.com/eushatteringeubonds.htm
May 23, 2012 By gpc1981 http://albertpeia.com/greecesecondbailouteuimplosion.htm
‘Jersey Boy Bruce’, Stalwart Wobama Supporter, Will He
Change the Words to: ‘Wasn’t Born in the U.S.A.’ , ‘Wasn’t Born in the U.S.A.’ Say it isn’t so ,‘Jersey Boy Brucie’! Sing it Brucie: Not born in the usa, Not born in the usa, O’s not born in the usa, O wasn’t born in the usa! breitbart.com | Obama’s publisher
reveals more evidence Obama in violation of the Constitution. Aaron Dykes | Publicist says “fact checking” not
correspondence with Obama to blame, as apology is rushed out
Infowars | Over 16 Years, Obama’s Literary Agency Circulated
Official Biography Listing Birthplace as Kenya, Suddenly Changing it to Hawaii
in 2007 Ahead of Bid for Highest Office
Infowars | Obama’s own authorized biography while president of
the Harvard Law Review says he was “born in Kenya.”
Paul Joseph Watson | Establishment media pulls stunt in effort
to diffuse ‘birther’ controversy.
Establishment
media pulls stunt in effort to diffuse ‘birther’ controversy
Paul Joseph Watson Infowars.com Friday, May 18, 2012
The
establishment media hastily seized on yesterday’s explosive story about a
literary publication listing Barack Obama’s birthplace as Kenya in an effort to
claim that the 1991 brochure was the “origin” of the entire ‘birther’ issue. In
reality, evidence that Obama was born in the African country is abundant.
A
literary agent’s promotional text for a 1991 brochure released yesterday by
Breitbart.com states Obama was “born in Kenya and raised in Indonesia
and Hawaii.”
Yahoo News , along with a
deluge of other mainstream news outlets, responded by reporting that the
document was potentially the “source” of the birther controversy and had merely
been a mistake.
The
literary agent who wrote the description, Miriam Goderich, now works with
Dystel & Goderich agency, which lists Obama as one of its clients . Unsurprising
therefore that Goderich hastily claimed listing Obama’s birthplace as Kenya was
“nothing more than a fact checking error.”
However,
evidence to indicate that Obama war born in Kenya is plentiful and it goes significantly
beyond the 1991 version of the brochure.
-
Despite claiming the passage about Obama’s birthplace being Kenya was a
mistake, the listing still maintained that Obama’s birthplace was Kenya until
after Obama became a U.S. Senator. “Goderich’s statement fails to explain why
the “fact checking error” persisted for sixteen years, through at least three
different versions of Jane Dystel’s website, and through at least four
different versions of Obama’s biography,” reports Breitbart.com .
- The
literary agency also updated the text in June 1998 , but the part
about Obama being born in Kenya was retained.
- The
text was again updated in February 2005 to reflect the fact that Obama had
become a Senator, but Kenya was still listed as his birthplace.
-
After an April 2007 modification of the text, the passage still read Obama,
“was born in Kenya.”
- As Steve Boman reveals , the Dystel &
Goderich agency asks its clients to submit their own biography, meaning it’s
virtually impossible the listing of Obama’s birthplace as Kenya could have been
a “fact checking error” on behalf of the literary company itself.
-
During a speech about HIV, First Lady Michelle Obama said she and Barack Obama
“visited his home country of Kenya.” Watch the clip below.
- In
2008, Obama’s paternal step grandmother appeared to
indicate publicly that Barack Obama was born in Kenya. In an interview
conducted by American Christian minister Ron McRae, Sarah Obama was asked,
‘Were you present when your grandson was born in Kenya?’” McRae testified in
his sworn statement. “This was asked to her in translation twice, and both
times she replied, “Yes! Yes she was! She was present when Obama was born.”
-
Another source who met Sarah Obama told World Net Daily, “I have keenly and
attentively listened to the tape over and over again, and I can confirm from
Sarah’s own confession that Barack Obama was born in Kenya in her presence.”
- A
separate Kenyan government official agreed, stating, “I have listened to the
tape. The preacher asked whether Barack Obama was born in Mombassa, and the
translator asked the same. When she said Mombassa, it was like a surprise, and
those there thought she could not have meant to say Mombassa.”
- When
New York Times bestselling author Jerome Corsi traveled to Kenya to investigate
the claims, he was almost immediately kicked out of the country by Kenyan
officials.
- When
Kenya’s National Security Intelligence Service investigated claims that Obama was born in Kenya , officials in
Nairobi found “relevant birth records may have been removed or were missing.”
-
Obama has deep political connections in Kenya. From 2006 onwards he rallied in support of Islamist
Raila Odinga in Kenya , helping him impose Sharia law. When
Odinga lost the Kenyan election in 2008, his supporters rioted, unleashing a
wave of violence. Despite the bloodshed, Obama used his influence to aid Odinga
in retaining his position as part of a coalition government.
For
the mainstream media to imply that the 1991 brochure is the “source” of the
claim that Obama was born in Kenya is completely inaccurate. Not only was that
brochure updated many times right up until 2007, with the information about
Obama’s birthplace being Kenya retained, but there are numerous other factors
which all indicate that Kenya could indeed be Obama’s homeland.
*********************
Paul
Joseph Watson is the editor and writer for Prison Planet.com
Similar/Related Articles
Literary Company Behind Kenya
“Error” Still Lists Obama As Client
Breaking: Smoking Gun Evidence
Obama Born in Kenya
Bombshell: Obama “Born in Kenya”
Oops! Text Editor Rushes Out
Apology for Kenya ‘Mistake’ in Obama’s Bio
Official Bio Said Obama Kenyan
Born UP UNTIL April 2007 When Campaign Began
Shocking New Birth Certificate
Proof Obama Born In Kenya?
Meme-Stream Media Offers
Counter-Theory: Maybe 1991 Mistake Birthed ‘Birthers’
Video: Barack Obama Was Born in Kenya
What if Barack Obama was in fact born British?
Michelle Obama: Kenya is Obama’s Home Country
Hawaii elections clerk: Obama not born here
AP declared Obama “Kenyan-Born”
Infowars.com | Alex speaks with Congressman Walter B. Jones, Jr.
about H.CON.RES.107.
Forrester: Apple is Entering a Long Decline Written by Damon Poeter PC Magazine ‘ At least one analyst is bucking the
trend of gushing over Apple. Forrester Research chief executive George Colony
laid out his case in a blog post Wednesday for why he thinks the company will
start looking like just another tech .. ‘ [ As much as I like Apple, my first
computer, and am glad they survived in a big way, I’m constrained to agree.
Moreover, and I can’t prove this, I believe there to be some ‘soft’ stimulation
of the heavily weighted, more bang for the buck, Apple stock by way of
subsidized purchases. Remember those $275,000 per car government purchases, and
the $278,000 cost per stimulus job? What’s $500 per ipad or iphone, etc., to a
nation hopelessly, insurmountably indebted to the tune of $211 trillion,
especially in their election year desperation. This should in no way be
construed as a slight to Cook; but rather, just the reality there’s a limit to
what one’s willing to pay for fairly common utility. That said, I’d still buy
an IPad since, as with the ipod and the simple technology involved, amazingly,
ultimate competitors as, ie., microsoft with zune, etc., didn’t measure up at
all! I think the IPhone’s totally underwhelming! Contrary to the tenor of the
article, I believe charisma has nothing whatsoever to do with the inevitable
decline ahead; and, not just Apple. ]
‘At
least one analyst is bucking the trend of gushing over Apple. Forrester
Research chief executive George Colony laid out
his case in a blog post Wednesday for why he thinks the company
will start looking like just another tech companies within the next four years
unless it finds another "special, magical" leader like Steve Jobs.
Colony's
position couldn't be more contrarian. Apple just reported record March quarter
profits while selling tens of millions of its iPhones, iPads,
and Mac computers. In the past few months, other analysts have been jockeying
to tout Apple's share price, currently at just over $600 per share, for gains
past the $800, $900, and even $1,000 threshold.
But if
Apple's riding high now, that's not going to last, according to Colony.
"Apple
will decline in the post Steve Jobs era," he writes, explaining that Apple
under Jobs fit the bill as a "charismatic organization ... headed by
people with the 'gift of grace'." Succession in such an organization is
particularly difficult because while bureaucratic and traditional organizations
have processes and rituals to elevate new leadership, "[i]n charismatic
organizations, the magical leader must be succeeded by another charismatic—the
emotional connection of employees and (in the case of Apple) customers demands
it."
Colony
quotes liberally from Max Weber's The Theory of Social and Economic
Organization and Adam Lashinky's Inside Apple to build his
case that Apple will "coast" over the next 24 to 48 months and
"then decelerate."
What
about the processes Jobs himself put in place at Apple to ensure that his
vision and management style would endure at the company after he was gone?
Apple University and other company initiatives fostered by Jobs won't do the
trick, Colony claims, quoting Weber: "Charisma can only be awakened and
tested, it cannot be learned or taught."
Colony
argues that Jobs' successor, Tim Cook, has a "legal/bureaucratic
approach" to leading Apple that "will prove to be a mismatch for an
organization that feeds off the gift of grace." Instead of Cook, the
company should turn to Jonathan Ive or Scott Forstall to be CEO, the analyst
writes.
If
Apple doesn't get another magical charismatic leader, Colony concludes, it
risks turning into Sony after Akio Morita or Polaroid post-Edwin Land—a company
that goes from great to merely good in a few short years./
{ Yes, it’s really rather incredible, even
astounding, that people even listen to, much less believe the proven lies,
wrong information, disinformation that bespeaks fraud/deception/cover-up and at
best, total incompetence. Don’t they realize they’re being scammed in a very
big way; particularly, with an election year predisposed pro-wobama
obfuscation? Bernanke is a total fraud. He is totally incompetent! As I wrote,
infra, as comment to Dave Fry’s Summary:
the same helicopter ben who forecast no recession and whose QEs have
helped no one but the frauds on wall street, with fake numbers on what is in
reality much higher inflation, unemployment, etc., for obfuscation – you cannot
solve a problem without admitting there is one, let alone failing to identify
the problem; and with america’s insurmountable debt and debased Weimar fiat
paper currency over-printing, that huge extant problem is substantially exacerbated.
{ Britain slides back into
recession AFP Britain was back in recession Wednesday
after its economy shrank in the first quarter while Prime Minister David
Cameron said the country was being buffetted by the European downturn [ True,
but only because unlike the u.s., their reporting is a bit more
accurate/truthful, less manipulated, less fraudulent than america which has
already entered (the continuing) recession (actually dollar debased and thereby,
can you believe it, inflationary depression) UK Economy Double Dips For
First Time Since 1970s Durden } ] {
Financial Crisis Phase II Is
Ahead at Forbes
Bert Dohmen ‘
In late 2007, I wrote the book Prelude
To Meltdown , predicting
the global crisis that occurred the following year. I now see a similar
confluence of events .. “the new recession has started.”… Over the past 33
years, we have called the start of every recession..Currently, the GDP deflator
is 1.8%, which hardly reflects the true rise in prices. Therefore, what is
counted as “growth,” is actually price increases. Actual inflation..is now more
than 11%. Using that to adjust GDP for inflation, would show that the economy
is now in a very sharp contraction…’ }
[ Now we know the reason for bernanke’s pro-wobama politicking:
Reuters: Mitt Romney says he would boot Ben
Bernanke - The Trail The likely Republican nominee says, “I’d be looking
for somebody new” to run the Federal Reserve if he’s elected president. Romney
criticized Fed Chairman Bernanke for printing too much money in a bid to
stimulate the economy. (April 25, 2012) Drudgereport: Romney would boot Ben...
http://endoftheamericandream.com
http://albertpeia.com/10factsaboutamericanenergyresources.htm
[ Well , first off, since we’re only talking decades at best, I
agree the alarmist propaganda is all for naught. Yet, make no mistake, those
who equate shale oil, deep water oil, etc., with that close to the surface,
easily recovered, ie., sweet crude, are as misguided. It’s kind of like that
‘asteroid mining’ that’s ‘become the rage’. Firstly, in hollywood (oh yeah, we’ve seen them digitally land on asteroids,
planets as in Avatar, etc., with ease and without a hitch), they don’t keep
books the way other businesses do, at least on the creative end, viz., ie ., Cameron. And, what do you expect a former pilot to
say, etc.? As an example of ‘fuel price makes a difference’, anyone who thinks american airlines among others went bankrupt because they’re so
horribly managed or because they felt like strategically avoiding their debt
would be mistaken. For airlines it’s all about fuel costs and load factors,
capital intensive that they are, and
pennies literally do make a difference. Costs of extraction make a difference.
Oh sure, there’s loads of oil. It’s all about the costs of getting it. Peak oil
really has been reached in terms of ‘easy pickins ’.
Some even argue/document persuasively that current reserves of the ‘easy pickins ’ are over-stated.
]
Merkel’s Back is Against the
Wall… Time for Germany’s “Plan B”?
[ http://albertpeia.com/germanyplanb.htm ]
http://theeconomiccollapseblog.com
http://albertpeia.com/24factsaboutmindblowingustaxes.htm
‘ The U.S. tax
code is a complete and utter abomination and it needs to be thrown out
entirely. Nobody in their right mind would ever read the whole thing - it
is over 3 million words long. Each year, Americans spend billions of
hours and hundreds of billions of dollars trying to
comply with federal tax requirements. Sadly, it is the honest, hard
working Americans in the middle class that always get hit the hardest.
The tax code is absolutely riddled with loopholes that big corporations and the
ultra-wealthy use to minimize their tax burdens as much as possible. Many
poor people do not pay any income taxes at all. The dishonest are
rewarded for cheating on their taxes (if they can get away with it) and the
ultra-wealthy have moved trillions of dollars to offshore tax havens where they
can avoid U.S. taxation altogether. Our system is incredibly unfair to
the millions of hard working people in the middle class and upper middle class
that drag themselves out of bed and go to work each day and try to do the right
thing. In addition, the current U.S. tax system is incredibly
inefficient, it diverts a tremendous amount of resources away from more
valuable economic activities, and it has chased thousands of businesses and
trillions of dollars out of the United States. The U.S. tax code is such
a complete and utter mess at this point that it can never be "fixed".
The only rational thing to do is to abolish it completely, and any politician
that tells you otherwise is lying to you.
The
following are 24 outrageous facts about taxes in the United States that will
blow your mind....
#1 - The U.S. tax code is now 3.8
million words long. If you took all of William
Shakespeare's works and collected them together, the entire collection would
only be about 900,000 words long.
#2 - According to the National Taxpayers Union, U.S.
taxpayers spend more than 7.6 billion hours complying with
federal tax requirements. Imagine what our society would look like if all
that time was spent on more economically profitable activities.
#3 - 75 years ago, the instructions for Form 1040 were two
pages long. Today, they are 189 pages long.
#4 - There have been 4,428
changes to the tax code over the last decade. It is
incredibly costly to change tax software, tax manuals and tax instruction
booklets for all of those changes.
#5 - According to the National Taxpayers Union, the IRS
currently has 1,999 different publications, forms, and instruction sheets
that you can download from the IRS website.
#6 - Our tax system has become so complicated that it is
almost impossible to file your taxes correctly. For example, back in 1998
Money Magazine had 46 different tax professionals complete a tax
return for a hypothetical household. All 46 of them came up with a
different result.
#7 - In 2009, PC World had five of the most popular tax
preparation software websites prepare a tax return for a hypothetical
household. All five of them came up with a different result .
#8 - The IRS spends $2.45 for every $100 that it collects in taxes.
#9 - According to The Tax Foundation, the average American
has to work until
April 17th just to pay federal, state, and local taxes. Back
in 1900, "Tax Freedom Day" came on
January 22nd .
#10 - When the U.S. government first implemented a personal
income tax back in 1913, the vast majority of the population paid a rate of
just 1 percent , and the highest marginal tax rate was just 7
percent .
#11 - Residents of New Jersey pay $1.64 in taxes for every $1.00 of federal spending that they
get back.
#12 - The United States is the only nation on the planet
that tries to tax citizens on what they earn in foreign
countries .
#13 - According to Forbes, the 400 highest earning Americans
pay an average federal income tax rate of just 18 percent .
#14 - Warren Buffett had an effective tax rate of just 17.4 percent for 2010.
#15 - The top 20 percent of all income earners in the United
States pay approximately 86 percent of all federal
income taxes.
#16 - Sadly, as Bill Whittle has shown , you could take every single
penny that every American earns above $250,000 and it would
only fund about 38 percent of the federal budget.
#17 - The United States has the highest corporate tax rate
in the world (35 percent). In Ireland, the corporate tax rate is only 12.5 percent . This is
causing thousands of corporations to move operations out of the United States
and into other countries.
#18 - Some tax havens are doing a booming business in
setting up sham headquarters for U.S. corporations. For example, the city
of Zug, Switzerland only has a population of 26,000 people but it is the
headquarters for 30,000 companies .
#19 - In 1950, corporate taxes accounted for about 30 percent of all federal revenue. In 2012,
corporate taxes will account for less than 7 percent of all federal revenue.
#20 - In a previous article , I discussed
how many of our largest corporations make huge profits and yet pay less than
nothing in taxes....
What
U.S. corporations are able to get away with is absolutely amazing.
The
following figures come directly out of a report by Citizens for Tax Justice
During
those three years, all of the corporations below made a lot of money. Yet
all of them paid net taxes that were below zero for those three years combined.
How
is that possible? Well, it turns out that instead of paying in taxes to
the federal government, they were actually getting money back.
So
for these corporations, their rate of taxation was actually below zero.
If
you have not seen these before, you are going to have a hard time believing
some of these statistics.....
*Honeywell*
Profits:
$4.9 billion
Taxes:
-$34 million
*Fed
Ex*
Profits:
$3 billion
Taxes:
-$23 million
*Wells
Fargo*
Profits:
$49.37 billion
Taxes:
-$681 million
*Boeing*
Profits:
$9.7 billion
Taxes:
-$178 million
*Verizon*
Profits:
$32.5 billion
Taxes:
-$951 million
*Dupont*
Profits:
$2.1 billion
Taxes
-$72 million
*American
Electric Power*
Profits:
$5.89 billion
Taxes
-$545 million
*General
Electric*
Profits:
$7.7 billion
Taxes:
-$4.7 billion
Are
you starting to get the picture?
#21 - Exxon-Mobil paid $15 billion in taxes in 2009, but not a single penny went to the
U.S. government.
#22 - Many wealthy Americans hide enormous amounts of money
outside the country in order to avoid paying taxes. According to the IMF,
a total of 18 trillion dollars is currently being hidden in offshore
banks.
#23 - The number of traffic accidents spikes each year right
around April 15th. The following is from a recent Bloomberg article ....
Deaths
from traffic accidents around April 15, traditionally the last day to file
individual income taxes in the U.S., rose 6 percent on average on each of the
last 30 years of tax filing days compared with a day during the week prior and
a week later, according to research published in the Journal of the American
Medical Association.
#24 - Most of the tax debate is focused on income taxes, but
the truth is that Americans pay dozens of other taxes every single year.
The following are just a few of the taxes that many Americans pay....
#1 Building Permit Taxes
#2 Capital Gains Taxes
#3 Cigarette Taxes
#4 Court Fines (indirect taxes)
#5 Dog License Taxes
#6 Federal Unemployment Taxes
#7 Fishing License Taxes
#8 Food License Taxes
#9 Gasoline Taxes
#10 Gift Taxes
#11 Hunting License Taxes
#12 Inheritance Taxes
#13 Inventory Taxes
#14 IRS Interest Charges (tax on top of tax)
#15 IRS Penalties (tax on top of tax)
#16 Liquor Taxes
#17 Luxury Taxes
#18 Marriage License Taxes
#19 Medicare Taxes
#20 Property Taxes
#21 Recreational Vehicle Taxes
#22 Toll Booth Taxes
#23 Sales Taxes
#24 Self-Employment Taxes
#25 School Taxes
#26 Septic Permit Taxes
#27 Service Charge Taxes
#28 Social Security Taxes
#29 State Unemployment Taxes (SUTA)
#30 Telephone Federal Excise Taxes
#31 Telephone Federal Universal Service Fee Taxes
#32 Telephone Minimum Usage Surcharge Taxes
#33 Telephone State And Local Taxes
#34 Tire Taxes
#35 Toll Bridge Taxes
#36 Toll Tunnel Taxes
#37 Traffic Fines (indirect taxation)
#38 Utility Taxes
#39 Vehicle License Registration Taxes
#40 Vehicle Sales Taxes
#41 Workers Compensation Taxes
When
you account for all forms of taxation on the federal, state and local levels
there are many Americans that pay out more than half of their incomes in taxes.
We are
being taxed into oblivion , and yet most Americans do not even
realize that it is happening.
It is
kind of like being killed by thousands of tiny cuts.
So
what do all of these taxes buy us?
They
buy us a massively bloated government that wastes
money on some of the craziest things
imaginable .
Millions
of Americans work for the federal government, and yet most of them produce very
little of real economic value. The following comes from a recent National Review article ....
By
2005, the federal government employed 14.6 million people: 1.9 million civil
servants, 770,000 postal workers, 1.44 million uniformed service personnel, 7.6
million contractors, and 2.9 million grantees. This amounted to a ratio of five
and a half “shadow” government employees for every civil servant on the federal
payroll. Since 1999, the government had grown by over 4.5 million employees.
According
to that same article, when you add in state and local government workers the
numbers are even more dramatic....
According
to the U.S. Census Bureau, there are 3.8 million full-time and 1.5 million
part-time employees on state payrolls. Local governments add a further 11
million full-time and 3.2 million part-time personnel. This means that state
and local governments combined employ 19.5 million Americans.
Yes,
we do need some government. For example, without any law enforcement at
all our society would descend into complete chaos, and without any military at
all we would be completely open to foreign conquest.
In
order to have a stable, secure society we do need some government.
However,
we definitely do not need the massively bloated government that we have today.
The
truth is that most government employees are a drain on the system . Most of
them just push paper around. I used to work in Washington D.C. so I know
what pushing paper around is all about.
And as
I wrote about yesterday, there are millions of other Americans that enjoy a
comfortable existence at the expense of the federal government without doing any work whatsoever .
Of
course the biggest welfare recipients of all are the big corporations . All forms of corporate welfare
should be eliminated immediately.
When
are U.S. taxpayers going to get sick and tired of paying for all of this?
Every
single year, the federal government, state governments and local governments
drain massive amounts of desperately needed money from hard working middle
class families.
Then
they take that money and spend it on incredibly foolish things .
When
are American voters going to stand up and boldly declare that they have been
taxed enough already and they aren't going to take it anymore?
The
current tax code is completely and utterly broken and it is beyond repair.
Unfortunately,
neither the Republicans or the Democrats are proposing that we should get rid
of it.
So we
are just going to continue to get more of the same year after year, and it is
the middle class that will feel the pain.’
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
[
To the contrary, because of his policies and particularly the bailouts
which facilitated consummation of and even greater frauds, the real economy,
the nation, taxpayers will suffer a more severe fate than even that obfuscated
by bad policy in this election-year expedience! ‘… When the last financial
crisis began, the U.S. national debt was about 10 trillion dollars. Today, it
has risen to 15.5
trillion dollars. So
Bernanke did not fix anything. The best that can be said is that he kicked the
can down the road a little bit and made our long-term financial problems a lot
worse at the same time. Bernanke can create money out of thin air and loan it
to his friends all he wants, but he is not going to be able to prevent this
house of cards from crashing down…’ . He’s as much a fraud and incompetent bozo
as ‘his buds who put him there’ for their purpose / benefit. The guy’s a dope http://albertpeia.com/30bunglebenbernankequotes.htm , a fool which fact is lost on no one
vis-ŕ-vis the debased Weimar dollar http://albertpeia.com/10reasonsdollarreservecurrencyending.htm , who’s
delusional http://albertpeia.com/bunglerbenfedfedsfailure.htm ]
A View on Inflation &
Keynesian Talking Points
: CrownThomas : 03/29/2012 The ponzi will fail, and the economy will reset - the only
question is when. http://albertpeia.com/fedponzifails.htm
‘Massive Wealth Destruction’
Is About to Hit Investors: Faber
http://albertpeia.com/massivewealthdestructionabouttohit.htm
{ WALL
STREET IS SO FRAUDULENTLY BEYOND THE PALE; FOR THERE IS NO QUESTION BUT THAT
THEY BELONG IN JAIL! }
RICHARD RUSSELL: A Massive
Stock Market Collapse Will Wipe Out 60 Years Of Inflation And Leveraging
http://albertpeia.com/19signsveryseriouseconomictroubleonhorizon.htm
Obama: ‘If I had a son, he’d look like Trayvon.’ [ Yeah! He’d
look just like any other nigger. And, don’t worry about the black vote, failed
president wobama the b for b***s*** will get, nearly if not all, 100% of the
nigger vote! Drudgereport: Farrakhan Threatens 'Retaliation'… [
Retaliation? Can you imagine the number of blacks that would have to be
retaliated against based upon the hushed reality of the prevalence of black on
white crime? The blacks should be careful what they wish for in playing that
game because the facts don’t break in their favor. ] ...
People have become weary of making up excuses for blacks (like obama,
holder, etc.). At some point, as now, people should not be timid about relating
the cold, unvarnished truth statistically / factually about blacks and,
ie., black on white violent crime,
etc..
From Pat Buchanan: As for racism, its ugliest manifestation
is in interracial crime, and especially interracial crimes of violence. Is
Barack Obama aware that while white criminals choose black victims 3 percent of
the time, black criminals choose white victims 45 percent of the time? Is
Barack aware that black-on-white rapes are 100 times more common than the
reverse, that black-on-white robberies were 139 times as common in the first
three years of this decade as the reverse? We have all heard ad nauseam from
the Rev. Al about Tawana Brawley, the Duke rape case and Jena. And all turned
out to be hoaxes. But about the epidemic of black assaults on whites that are
real, we hear nothing.
http://albertpeia.com/blackonwhitecrime.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
The reality is that blacks are an
insoluble problem wherever they are. That’s not going to ever change; not
make-shift/make-work jobs; not programs; not anything tried or to be tried;
hence, they must be treated as exactly that – problems – before a solution can
be derived and fashioned. ]
Drudgereport:
Obama gets personal over killing of black Florida
teenager... Urges 'soul-searching'... More Miami schools stage mass walk-outs... Gingrich calls Obama's Trayvon comments
'disgraceful'... Cops: Man threatened to kill police chief at center
of case... Jeb Bush: 'Stand your ground' invalid here... Miami Heat Players Don Hoodies... 'Dead or Alive' Poster Issued by New Black Panther
Party...
Zimmerman (and this is no endorsement – I won’t be looking at this one
incident all that closely) was at least trying to do a good thing made
necessary by the ever increasing number of brutal crimes committed by the black
thugs in neighborhoods across the nation; then there’s somalian pirates, etc..
People domestically and internationally are suffering from nigger-fatigue and
are totally niggered out. Oh, yeah, there are some Hollywood types who feel
good about themselves having niggers around and helping niggers to help them
feel better than they really are, insecure as they are, by being better than at
least someone beyond fantasy. Loony george clooney is one. Dreadfully boring
and with that monotone, monotonous voice and not that bright, he’s not even
able to fake it on screen as an action hero (ie., batman, what a horrific
miscast) wimpy pussy in reality that he is; then there’s the ‘black (sean)
penn’ who cried like a baby while incarcerated for a couple of days not that
long ago. The atheist jolie, so fatherly troubled as she is, has let the
equally mentally troubled pitt (she so nutty she makes him feel somewhat sane
though still not too bright) and pendulum ‘backwoods bob’ be the closest she’s
gotten to her black projects. Let them live anonomously (in disguise) with the
niggers for some time for a real close look and then see what’s left of their
predisposed love for the nigger. Then there’s the italian scallion, booby
deniro; drug addled as his black wife high-tower, what a total embarrassment to
Italians everywhere; even as he tried to ingratiate himself recently with
niggers everywhere and particularly national embarrassment mammy michele with
the embarrassing pro-nigger first lady remark.. [ Send the niggers back to sub-saharan Africa! ]'BLACK NIGGERS [ NOT WHITES BY NIGGERS THE
IMPLICATION DESPITE FACTUAL DATA TO THE CONTRARY ] ARE UNDER ATTACK [ SAYS NIGGER SHAKEDOWN ARTIST JACKSON] ' Obama: ‘If I
had a son, he’d look like Trayvon.’ Farrakhan Threatens 'Retaliation'… [ Retaliation? Can
you imagine the number of blacks that would have to be retaliated against based
upon the hushed reality of the prevalence of black on white crime? The blacks
should be careful what they wish for in playing that game because the facts
don’t break in their favor. ] ...
People have become weary of making up excuses for blacks (like obama,
holder, etc.). At some point, as now, people should not be timid about relating
the cold, unvarnished truth statistically / factually about blacks and,
ie., black on white violent crime,
etc..
From Pat Buchanan: As for racism, its ugliest manifestation
is in interracial crime, and especially interracial crimes of violence. Is
Barack Obama aware that while white criminals choose black victims 3 percent of
the time, black criminals choose white victims 45 percent of the time? Is
Barack aware that black-on-white rapes are 100 times more common than the
reverse, that black-on-white robberies were 139 times as common in the first
three years of this decade as the reverse? We have all heard ad nauseam from
the Rev. Al about Tawana Brawley, the Duke rape case and Jena. And all turned
out to be hoaxes. But about the epidemic of black assaults on whites that are
real, we hear nothing.
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
The reality is that blacks are an
insoluble problem wherever they are. That’s not going to ever change; not
make-shift/make-work jobs; not programs; not anything tried or to be tried;
hence, they must be treated as exactly that – problems – before a solution can
be derived and fashioned. ] [ Send the niggers, including niggerbama back to
sub-saharan africa! ]
EUROPE RIDICULES OBAMA... 'Maybe copy key got stuck on
presidential speechwriter's keyboard'...
A Warning Sign For The World http://albertpeia.com/warningsignfortheworld.htm
America 1950 vs. America 2012 http://albertpeia.com/downhillslideofamerica.htm
10.7 Percent: Unemployment In
Europe Is Worse Than It Was At The Peak Of The Last Recession http://albertpeia.com/europeunemploymentworsethanrecession.htm
http://albertpeia.com/18statseconomynotimprovedsinceobama.htm
ECRI Stays with Recession Call New American | The vicious cycle is starting
where lower sales, lower production, lower employment and lower income [leads]
back to lower sales…BOB ADELMANN New American Tuesday, March
13, 2012 http://albertpeia.com/ecricallsrecession.htm
11 Reasons Why America Would
Be A Better Place Without Goldman Sachs [ If only it was just 11 and not an endless number of reasons why the
aforesaid is true! And, though america particularly, not just america, but the
entire world as well! Moreover, though goldman egregiously and particularly,
sadly but realistically it’s not just goldman! ] http://albertpeia.com/americabetterwithoutgoldmansachs.htm
S&P says
that it is impossible that any economic improvement would bring back the AAA
rating
US deficit
progress is needed.
Outlook remains
negative.
And
what do stocks do on latest S&P report that America is broke? Why they
surge of course....
{ Ah yes … those sweet sounds and smells of motown … the darks coming to a
place near you! }
Drug war hypocrisy: drug
trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is centers on the
amount of drug trafficking that benefits the CIA and international banking
system. Natural News February 1,
2012 [
[ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on
drugs is outrageous when compared to the amount of drug trafficking that
benefits the CIA and international banking system. The son of a convicted
notorious mobster, John Gotti Jr, when asked in court if the family still dealt
drugs cracked, “No, we can’t compete with the government.”
Today
in Afghanistan, American troops have been seen guarding poppy fields used to
make heroin. Those fields were all but wiped out by 2001 when the Taliban
destroyed them and forbade that agricultural pursuit. Now they’re flourishing
again after the American occupation.
This
doesn’t make sense despite all the mainstream reports that American troops are
protecting the poppy farmers from the bad guys. Internet sites such as Prison
Planet, Info Wars, The Political Coffeehouse and others report otherwise. They
connect the CIA and US military to restarting the poppy fields in Afghanistan
in 2002, increasing poppy growth by over 650 percent. Who’s telling it like it
is?
One way the CIA keeps their drug trafficking hidden from
public view The CIA’s secret operations to influence
journalism started in the 1950s by infiltrating the media and bribing
journalists to be operatives and assets for the CIA. By 1976, then CIA director
William Colby reportedly bragged that the CIA owned the press. Supposedly, this
too secret to name operation was coined “Operation Mockingbird” by Deborah
Davis in her book Katherine the Great .
Operation Mockingbird worked well
against prize winning journalist Gary Webb when his newspaper, the San Jose
Mercury News , ran his in depth series on CIA drug trafficking that
flooded the USA to help finance the CIA backed Nicaraguan Contras during the
1980s.
Journalists all over the USA jumped on
the series, claiming Webb’s journalism was shoddy. The newspaper had to recant
and fire him, and Gary Webb was black listed from mainstream journalism
completely.
Webb
retaliated by having his book Dark Alliance published and
making the NY Times best seller list, forcing some of his
critics to privately eat crow after the fact.
Despite
the CIA’s control of the press, a few Mexico and Central America cocaine busts
of plane cargoes and discoveries of large cocaine stashes on crashed planes with
CIA hired pilots flying them for front companies did hit the mainstream news, albeit briefly .
Remember
the movie “Air America?” It was based on an actual CIA owned front company
transporting tons of heroin from Southeast Asia’s “Golden Triangle” poppy fields
during and after the Vietnam conflicts. Now Afghanistan and the “Golden
Crescent” are the featured opium/heroin conduit sources.
Government and big business using drug traffic profits is
nothing new When the U.S. government made deals with
the Cosa Nostra mafia to help police ports and harbors during WW II, they
breathed life into the heroin trade. Eventually, Marseilles, France was set up
by the Corsican mafia to become the “French Connection” for heroin traffic.
But opium trade history goes back further,
to colonial times and early America. That’s when American shipping magnates
used their fast Clipper Ships to compete with England’s monarch sanctioned dope
running East India Company for transporting opium to China.
A few key players created family fortunes
from the China opium trade that exist today within some northeast America’s
“old money” families.
Among the familiar family names,
according to Wikipedia (source below) is Forbes. Another source
mentions Astor, a prominently wealthy philanthropic family around New York
today (Wiki source below). In those days, trafficking dope was a legitimate
business endeavor, immoral but not illegal.
Now it is illegal as well. Ironically,
this allows the biggest illicit drug providers to financially benefit the CIA
and international banking.’
Sources for this article include:
http://whatreallyhappened.com/RANCHO/POLITICS/MOCK/mockingbird.php
http://en.wikipedia.org/wiki/Forbes_family
http://en.wikipedia.org/wiki/John_Jacob_Astor
http://thepoliticalcoffeehouse.com/2011/12/01/us-military-opium-afghanistan/
http://www.minormusings.com/Drugs/Mask.html
See also:
Big Banks, Gov’ts Collude in Drug War Hypocrisy
Much Of Afghan Drug Money
Going To ‘Our Friends’
Steady Stream of Drug Money
Departs Afghanistan, U.S. Officials Flummoxed
Afghan CIA Drug Kingpin Shot
Dead by Own Bodyguard
Afghanistan drug trade hits $4 billion a year
Occupiers involved in drug
trade: Afghan minister
US and NATO protecting Afghan drug trade
B.C. RCMP seize 60,000 poppy
plants in record haul
NATO rejects Russian call for
Afghan poppy spraying
War on drugs is a hoax: US
admits to guarding, assisting lucrative Afghan opium trade
UN: Afghan opium production up
by 61% under NATO’s watch
DOJ: Drug Cartel’s Influence
Extends Well Beyond Border Well Into the U.S.
RealClearMarkets - Gary Shilling : New Global Recession Is Here (It’s actually
a depression and no nation will be spared!) http://www.marketwatch.com/story/shilling-says-new-global-recession-is-here-2012-01-20?link=MW_story_popular By Howard Gold
NEW YORK (MarketWatch)
2012
Update: What Part III of the financial crisis will look like
http://www.stansberryresearch.com/pro/1108PSINEWVD/PPSIN138/PR
http://www.stansberryresearch.com
http://www.stansberryresearch.com/pro/1108PSINEWVD/PPSIN111/PR
http://www.albertpeia.com/stansberrysinvestmentadvisory.flv
http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm
'OBVIOUSLY UNSERVICEABLE DEBT TO WEIGH ON STOCKS IN 2012’ http://www.bullfax.com/?q=node-obviously-unserviceable-debt-weigh-stocks-2012 12/23/2011 By Chris Ciovacco: Referencing Kyle
Bass’ work in a December 18 video , we noted numerous countries have an unstable combination of debt and
revenue relative to the size of their banking system. Another excellent source
for debt sustainability analysis comes from Jeffery Gundlach, manager of the
2011 top-performing U.S. bond fund. Mr. Gundlach was recently interviewed by
the Financial Times. He does not subscribe to the theory European leaders can
“put a Band Aid on a system which didn’t break a week ago…’
Tough Year For Stocks, Gold
And Treasury ETFs Did Better
Forbes
My Christmas Cards Predict
"Eternal Conflict" And "Economic Disaster" Forbes Robert
Lenzner ‘For the first
time in my life, some Christmas messages are weighing in about the
worrisome condition of US economy and the financial markets– as well
as family news. Obviously, the crisis we are facing is
triggering disheartening expressions of concern at holiday time.
This
from a former state finance chairman for George Bush, who is so
distressed he is staying out of the primary race.
On
Jobs; ” I wonder why our candidates have not come forward to feature as the
main and vital keystone of their campaign that sector in the economy which can
create millions of jobs and solve our huge foreign trade deficit– converting
our $300 billion plus purchase of foreign oil to domestic energy–
electrification of transportation, more natural gas, nuclear, more domestic oil
drilling, clean coal, and all the domestic alternatives.”
On the
deficit: ” I have also become very disheartened with our politicians’
inability to strike a grand compromise on reducing the federal deficit.
We are considerably constrained by the Grover Norquist tax pledge signed by so
many Republicans, wherein an elimination of a tax loophole which takes the
recovered revenue and applies it to reduce debt is considered a tax increase
and therefore unacceptable. This position will never allow the Republicans to
negotiate and compromise( a noble word) with the democrats on a combination of
a massive expense reduction with a modest revenue increase.”
All
this from a conservative Republican in a key state who is utterly frustrated by
“ eternal gridlock in Washington “— and
determined to spend considerably more quality time with his family. All this
ranting in a Christmas card; it’s a first.
Then,
there’s the retired New England real estate consultant and developer who is
“fearful about the impending winter. The world seems to be perilously close to
economic disaster and depression, and folks are rushing out to buy gold and
guns.” ‘
A Very Scary Christmas And An
Incredibly Frightening New Year http://theeconomiccollapseblog.com ‘Can you hear that? It
almost sounds like a little bit of peace and quiet. This year, the
holiday season has been fairly uneventful, and for that we should be very
grateful. But it isn't going to last long. 2012 is going to be a
much more difficult year for the U.S. economy and the global financial system
than 2011 has been. So if things are going well for you right now, enjoy
this little bubble of peace and tranquility while you can. Because while
things may look calm on the surface right now, the truth is that this is a very
scary Christmas for financial professionals and world leaders. Most of
them know how fragile the global financial system is at the moment. Most
of them know that we are living in the greatest bubble of debt, leverage and
financial risk that the world has ever seen. As I wrote about the other
day, world leaders would not be throwing huge bailouts around like crazy if everything was going to be just fine. The truth is
that we are rapidly approaching another financial crisis that may end up being
even worse than the horrific crash of 2008…’
Interbank Markets Are Telling
Investors To Sell The Rally … Again http://www.bullseyemicrocaps.com/?p=30070 12-23-11 ‘The biggest question weighing on investors as we move into the
final week of the year is how long Europe can be ignored. The S&P 500 has
rallied 5% since testing and holding support at 1200 and is now firmly into
resistance, an ideal spot for short sellers to lay out positions.European banks
continue to tell equity market investors to stand aside. The ECB overnight
deposit facility saw deposits swell to EUR346.9 billion overnight, up 31% from
December 21st. A fair amount of the recently ECB auctioned EUR489 billion ended
up right back at the ECB instead of in the interbank lending market.The ECB
also reported a second week of anemic sovereign bond buying. The ECB doesn’t
want to be the only bidder in the room, which is one of the reasons it has been
so willing to stuff banks with cheap money. But, rising yields in Italy…’
The Smartest Guys in the Room
Are Screaming "Get Out of the Markets!" Todd Harrison http://www.minyanville.com/articles/articlelisting.htm#ixzz1hGAVUaU9
It's Official: US Debt-To-GDP
Passes 100% Durden With precisely one year left for the
world and all of its inhabitants, at least according to the Mayans, not to
mention on the day of the Winter Solstice, it is only fitting that US debt, net
of all settlements for all already completed bond auctions, is now at precisely $15,182,756,264,288.80. Why is this relevant?
Because the latest annualized US GDP, according to the BEA , was $15,180,900,000.00. Which means that, as of today, total US debt to
GDP is 100.012%. Congratulations America: you are now in
the triple digit "debt to GDP" club!
Mark Faber: "I Am
Convinced The Whole Derivatives Market Will Cease To Exist And Will Go To
Zero" Durden Anyone seeking joyous holiday greetings
and cheerful forecasts for the new year is advised to not listen to the
following most recent Mark Faber interview, in which in addition to his
predictions for 2012 (led with "more printing" by the dodecatupling
+1 down central planners of course, and far less prosperity), we get the
following: "I am convinced the whole derivatives market will cease to
exit. Will become zero . And when it happens I don't know: you can postpone the problems with
monetary measures for a long time but you can't solve them... Greece should
have defaulted - it would have sent a message that not all derivatives are
equal because it depends on the counterparty ." And on the long-term future: "I am ultra bearish. I think
most people will be lucky if they still have 50% of their money in 5 years
time. You have to have diversification - some real estate in the countryside,
some gold and some equities because if you think it through, say Germany 1900
to today, we had WWI, we had hyperinflation, WWII, cash holders and bondholders
they lost everything 3 times, but if you owned equities you'd be ok. In equities
in general you will not lose it all, it may not be a good investment, unless
you put it all in one company and it goes bankrupt." As for gold: "I
am worried that one day the government will take it away." As for the one
thing he hates the most? No surprise here -government bonds.
Has the Global Economy Been
Zapped by ZIRP?
Minyanville Eugene Linden Dec 21, 2011
‘Zero interest rate policies dominate the world's largest economies -- a
situation that's contributing to the worsening pension crisis, the unnaturally
buoyant equity markets, the need for quantitative easing, and even the bull
market in gold. Read more: http://www.minyanville.com/businessmarkets/articles/zero-interest-rate-policy-zirp-us/12/21/2011/id/38513#ixzz1hFyFn7Pb Eclipsed by Europe’s sovereign debt
agony has been one overriding, but overlooked factor that will increasingly
distort economies and the financial markets as 2012 unfolds: the
Zero-Interest-Rate-Policy. ZIRP is now as encompassing and pervasive as the air
we breathe, and this in itself is unprecedented. interest rate policies for
most of the world’s largest economies. We’re in uncharted territory. More
worrisome, the longer an economy embraces ZIRP, the harder it is to extricate
itself. In fact, as far as I can tell, no one has exited extended ZIRP intact
and voluntarily. Some, like Kyle Bass, argue that once a nation gets trapped in
ZIRP for an extended period, the only escape is through debt restructuring.
Others say war. bull market in gold. It
has spectacularly failed in its originally trumpeted mission to restart lending
to the consumer (the money multiplier is still near all-time lows). And now,
central bankers are discovering that ZIRP is a poisoned chalice.
Interest Expense on the Debt
Outstanding Available Historical Data Fiscal Year
End
2011
$454,393,280,417.03
2010
$413,954,825,362.17
2009
$383,071,060,815.42
2008
$451,154,049,950.63
2007
$429,977,998,108.20
2006
$405,872,109,315.83
2005
$352,350,252,507.90
2004
$321,566,323,971.29
2003
$318,148,529,151.51
2002
$332,536,958,599.42
2001
$359,507,635,242.41
2000
$361,997,734,302.36
1999
$353,511,471,722.87
1998
$363,823,722,920.26
1997
$355,795,834,214.66
1996
$343,955,076,695.15
1995
$332,413,555,030.62
1994
$296,277,764,246.26
1993
$292,502,219,484.25
1992
$292,361,073,070.74
1991
$286,021,921,181.04
1990
$264,852,544,615.90
1989
$240,863,231,535.71
1988
$214,145,028,847.73
safety abate, it’s
highly likely QE will resume if only because this is a treadmill from which
there is no escape (a recognition of which may have played into the historic
S&P downgrade of US debt). http://image.minyanville.com/assets/FCK_Jan2011/images/Lila/eugenechart1.JPG
ZIRP
turns out to be a trap that ensnares everybody, and not just the countries that
adopt the policy. During a briefing an economist from Tejas made the comment
that once a major economy adopts ZIRP, Central Banks all over the world lose
control of their monetary policy. I was puzzled about the mechanics of that
until I came across an example from Israel. transmission mechanism is
the carry trade. Starting in 2009, despite its precarious geopolitical
situation, Israel saw its currency strengthen as investors came in searching
for yield. According to Michael Pomerleano writing in the Financial Times , as the shekel
strengthened against the dollar, its central bank was forced to intervene to
buy Shekel’s lower interest rates and weaken the currency, even though the bank
actually wanted to raise rates to combat alarming inflation in the housing
sector. http://image.minyanville.com/assets/FCK_Jan2011/images/Lila/eugenechart3.jpg Click to enlarge events such as
noticeable cooling in China).
http://www.minyanville.com/businessmarkets/articles/zero-interest-rate-policy-zirp-us/12/21/2011/id/38513#ixzz1hFzolvlA ‘
Getting Worse: 40 Undeniable
Pieces Of Evidence That Show That America Is In Decline The Economic
Collapse | Is America in decline? That is a very provocative question. The Economic Collapse December 21,
2011
Is
America in decline? That is a very provocative question. I have
found that most people that hate the United States are very eager to agree that
America is in decline, while a lot of those that love the United States are
very hesitant to admit that America is in decline. Well, I am proud to be
an American, but I cannot lie and tell you that America is doing just
fine. The pieces of evidence compiled below are undeniable. Our
economy is deathly ill and is rapidly getting worse. We were handed the
keys to the greatest economic machine in the history of the world and we have
wrecked it. But until we are willing to look in the mirror and admit how
bad things have gotten, we won’t be ready for the solutions that are
necessary. The truth is that there are things that we can do to reverse
the decline. It does not have to be permanent. We have gotten away
from the things that made America great, and we need to admit that we are on
the wrong path and start fixing this country. But if we choose to
continue down the road that we are currently on, it will lead us into the
darkest chapters in American history.
The
following are 40 undeniable pieces of evidence that show that America is in
decline….
#1 Back in 1985, 11 million vehicles were sold in America. In
2009, only 5.4 million vehicles were sold in America.
#2 In 1990, the median age of a vehicle in the United
States was just 6.5 years . Today, the median age of a vehicle in the United
States is approximately 10 years .
#3 The average price of a gallon of gasoline in 2011 has
been $3.50 . That is
a new all-time record. The previous record was $3.24 in 2008.
#4 The average American household will have spent an
astounding $4,155 on gasoline by
the time the year is over.
#5 The number of children in the United States without a
permanent home has increased by 38 percent since 2007.
#6 A decade ago, the United States was ranked number one in
average wealth per adult. By 2010, the United States had fallen to seventh .
#7 The U.S. tax code is now more than 50,000 pages longer than it used to be.
#8 American 15-year-olds do not even rank in the top
half of all advanced nations when it comes
to math or science literacy.
#9 The United States once had the highest proportion of
young adults with post-secondary degrees in the world. Today, the U.S. has fallen to 12th .
#10 After adjusting for inflation, U.S. college students are
borrowing about twice as much money as they did a
decade ago.
#11 The student loan default rate has nearly doubled since 2005.
#12 Our economy is not producing nearly enough jobs for our
college graduates. The percentage of mail carriers with a college degree
is now 4 times higher than it was back in 1970.
#13 Our infrastructure was once the envy of the world.
Today, U.S. infrastructure is ranked 23rd .
#14 Since December 2007, median household income in the
United States has declined by a total of 6.8% once you account for inflation.
#15 Since the year 2000, incomes for U.S. households led by
someone between the ages of 25 and 34 have fallen by about 12 percent after you
adjust for inflation.
#16 According to U.S. Representative Betty Sutton, America
has lost an average of 15 manufacturing facilities a
day over the last 10 years. During 2010 it got even
worse. Last year, an average of 23 manufacturing facilities a
day shut down in the United States.
#17 In all, more than 56,000 manufacturing facilities in the
United States have shut down since 2001.
#18 The United States has lost a staggering 32 percent of its
manufacturing jobs since the year 2000.
#19 Manufacturing employment in the U.S. computer industry
was actually lower in 2010 than it was in 1975 .
#20 In 1959, manufacturing represented 28 percent of all U.S. economic output. In
2008, it represented only 11.5 percent.
#21 The television manufacturing industry began in the
United States. So how many televisions are manufactured in the United
States today? According to Princeton University economist Alan S.
Blinder, the grand total is zero .
#22 The U.S. trade deficit with China in 2010 was 27 times larger than it was back in 1990.
#23 The Economic Policy Institute says that since 2001
America has lost approximately 2.8 million jobs due to our trade deficit with
China alone.
#24 According to one study, between 1969 and 2009 the median
wages earned by American men between the ages of 30 and 50 dropped by 27 percent after you account for inflation.
#25 Back in 1980, less than 30% of all jobs in the United States
were low income jobs. Today, more than 40% of all jobs in the United States
are low income jobs.
#26 The size of the economy in India is projected to
surpass the size of the U.S. economy by
the year 2050 .
#27 One prominent economist believes that the Chinese
economy will be three times larger than the U.S.
economy by the year 2040.
#28 In 2001, the United States ranked fourth in the
world in per capita broadband Internet use. Today it
ranks 15th .
#29 Back in the year 2000, 11.3% of all Americans were living in poverty.
Today, 15.1% of all Americans are living in poverty.
#30 Last year, 2.6 million more Americans dropped into poverty . That
was the largest increase that we have seen since the U.S.
government began keeping statistics on this back in 1959.
#31 According to the U.S. Census Bureau, 6.7% of all Americans are living in “extreme poverty”, and
that is the highest level that has ever been recorded before.
#32 The percentage of children living in poverty in the United States increased
from 16.9 percent in 2006 to nearly 22 percent in 2010. In the UK and in
France the child poverty rate is well under 10 percent.
#33 As I wrote about the
other day , since 2007 the number of children living in poverty in
the state of California has increased by 30 percent .
#34 A staggering 48.5% of all Americans live in a household that receives some
form of government benefits. Back in 1983, that number was below 30
percent.
#35 Back in 1965, only one out of every 50 Americans was on
Medicaid. Today, one out of every 6 Americans is
on Medicaid.
#36 Between 1991 and 2007 the number of Americans between
the ages of 65 and 74 that filed for bankruptcy rose by a staggering 178 percent .
#37 Today, the “ too
big to fail ” banks are larger than ever. The total assets of
the six largest U.S. banks increased by 39 percent between September 30, 2006 and
September 30, 2011.
#38 Since the Federal Reserve was created in 1913, the U.S.
dollar has lost over
95 percent of its purchasing power.
#39 During the Obama administration, the U.S. government has
accumulated more debt than it did from the time that George Washington took
office to the time that Bill Clinton
took office .
#40 The U.S. national debt is now nearly 15
times larger than it was just 30 years ago.
Sadly,
most Americans are not fired up about turning this country around. Way
too many of them realize that things are getting worse, but they have “checked
out” and are just going through the motions of life.
A
perfect example is posted below. In this video , a FedEx delivery guy just chucks a
computer monitor over somebody’s fence……Can you believe he did that?
The
sad thing is that the guy was actually home at the time and all the FedEx
employee needed to do was ring the bell.
This
is the kind of attitude that is killing America.
We all
need to start caring again. We all need to start taking pride in what we
do. We all need to start working hard again. We all need to make
sure that we are living with a sense of personal integrity.
When a
nation simply does not care anymore, even a con man can become president.
During
a recent 60 Minutes interview , Barack Obama
said that only 3 presidents in U.S. history accomplished more than he did
during the first two years of his presidency….
“The issue here is not going be a
list of accomplishments. As you said yourself, Steve, you know, I would put our
legislative and foreign policy accomplishments in our first two years against
any president — with the possible exceptions of Johnson, F.D.R., and Lincoln —
just in terms of what we’ve gotten done in modern history. But, you know, but
when it comes to the economy, we’ve got a lot more work to do.”
He had to be joking, right?
Sadly, he was not joking.
But it is not just Barack Obama.
The truth is that both political parties are absolutely littered with con men,
charlatans and corrupt politicians.
It is going to be up to the American
people to get educated about how bad things have really gotten, to start
demanding solutions, and to start voting much better people into positions of
authority.
If dramatic changes are not made, our
economy will continue to get worse and the decline of America will continue to
accelerate.
We cannot stay on this road my friends.
It is only going to lead to a total
nightmare.
Please share this information as widely
as possible, and please try to wake up as many of your fellow Americans as you
can while there is still time.’
Ten Reasons To Fear And Loathe
Markets In 2012
Forbes Robert Lenzner
#1.
European Sovereign Debt is a greater burden on the economies of Italy and
France than the debt overhang in the U.S. Italy has $2.46 trillion of
debt to a $2 trillion GDP. As Vice President Biden puts it “We did our bailout.
They’ve got to do their bailout.” The posturing has been limited to
letting nations borrow cheaply to add on more debt so as not to default.
#2.
The ramification for the US from Europe is a reduction of 1%
growth in US GDP– which means much less growth than might have been expected.
This, in turn, puts added stress on valuations in our financial markets, where
multiples of earnings are expected to slide as investors run away from risk-on
assets.
#3.
Continued pressure on the earnings and book values of both European and US
banks. This can be seen in the way bank shares have traded this year, with
global banks getting pounded, and only regional banks with strong balance
sheets being favored.
#4.
Continued selling pressure on the prices of key commodities like oil,
copper and iron ore due to expectd slowness i the global economy.
#5.
The imbecility of extending the payroll tax deduction for only two more months–
a horrendous sign of political weakness with dire economic ramifications.
#6. Residential
housing market still mightily impaired and not expected to recover for another
3 years. Still many millions of homes where mortgage debt greater than the
market value of the homes.
#7.
Antipathy individual investor for long term equity investing. Rise of the
short-yterm investor such as hedge funds using leverage, requiring volatility,
better informed than the public investor.
#8.
Expectation reduction $1.2 trillion from US budget over next 10 years. Can only
mean less money in circulation, less income to invest, lower GDP, less economic
growth rate. This is the reality being denied by most investors.
#9.
Overall theme of deflation, deleveraging can only mean lower asset
prices.
#10.
Chance of social unrest in China, upheaval that affects move to consumer
economy, and lack of leadership from 10% of global economy.
We’ve Reached the End Game For
Central Bank Intervention http://gainspainscapital.com December 19th,
2011 We’ve reached the end game for Central Bank intervention.When confronted
with excessive debt, you can either “take the hit” or you can try to inflate the
debt away.In 2008, the Central Banks, lead by the US Federal Reserve, decided
not to “take the hit.” They’ve since spent trillions of Dollars propping up the
financial system. By doing this, they’ve essentially attempted to fight a debt
problem by issuing more debt.The end result is similar to what happens when you
try to cure a heroine addict by giving him more heroine: each new “hit” has
less and less effect.Case in point, consider the Central Banks’ coordinated
intervention to lower the cost of borrowing Dollars three weeks ago. Remember,
this was a coordinated effort, not the Federal Reserve or
European Central Bank acting alone. And yet, here we are, less than one month
later, and European banks have wiped out MOST if not ALL of the gains the
intervention produced…’
Derivatives group spent $674K
lobbying in Q3 AP
PORTER
STANSBERRY OF STANSBERRY RESEARCH
THE CORRUPTION OF AMERICA
The
numbers tell us America is in decline... if not outright collapse.
I say
" the numbers tell us " because I've become very sensitive to the impact
this kind of statement has on people. When I warned about the impending bankruptcy
of General Motors in 2006 and 2007, readers actually blamed me for the
company's problems – as if my warnings to the public were the real problem,
rather than GM's $400 billion in debt.
The
claim was absurd. But the resentment my work engendered was real.
So
please... before you read this issue, which makes several arresting claims
about the future of our country... understand I am only writing about the facts
as I find them today. I am only drawing conclusions based on the situation as
it stands. I am not saying that these conditions can't improve. Or that they
won't improve.
The
truth is, I am optimistic. I believe our country is heading into a crisis. But
I also believe that... sooner or later... Americans will make the right choices
and put our country back on sound footing.
Please
pay careful attention to the data I cite. And please send me corrections to the
facts. I will happily publish any correction that can be substantiated. But
please don't send me threats, accusations against my character, or baseless
claims about my lack of patriotism. If I didn't love our country, none of these
facts would bother me. I wouldn't have bothered writing this letter.
I know
this is a politically charged and emotional issue. My conclusions will not be
easy for most readers to accept. Likewise, many of the things I am writing
about this month will challenge my subscribers to re-examine what they believe
about their country. The facts about America today tell a painful story about
a country in a steep decline, beset by problems of its own making .
One
last point, before we begin... I realize that this kind of
macro-economic/political analysis is not, primarily, what you pay me for.
You
rightly expect me to provide you with investment opportunities – whether bull
market, bear market, or total societal collapse. And that's what I've done
every month for more than 15 years.
But
that's not what I've done this month. You won't find any investment ideas at
all in these pages. This issue is unlike any other I have ever written.
I'm
sure it will spark a wave of cancellations – costing me hundreds of thousands
of dollars. I fear it will spark a tremendous amount of controversy. Many
people will surely accuse me of deliberately writing inflammatory things in
order to stir the pot and gain attention. That's not my intention. The truth
is, I've gone to great lengths throughout my career to protect my privacy.
I am
speaking out now because I believe someone must. And I have the resources to do
it. I am sharing these ideas with my subscribers because I know we have
arrived at the moment of a long-brewing crisis.
Our
political leaders, our business leaders, and our cultural leaders have made a
series of catastrophic choices. The result has been a long decline in America's
standard of living.
For
decades, we have papered over these problems with massive amounts of borrowing.
But now, our debts total close to 400% of GDP, and America is the world's
largest borrower (after being the world's largest creditor only 40 years
ago)... And the holes in our society can no longer be hidden...
We've
reached the point where we will have to fix what lies at the heart of America's
decline... or be satisfied with a vastly lower standard of living in the
future.
How do
I know? How do I statistically define the decline of America?
The
broadest measure of national wealth is per-capita gross domestic product (GDP).
Economists use this figure to judge standards of living around the world. It
shows the value of the country's annual production divided by the number of its
citizens. No, the production isn't actually divided among all the citizens, but
this measure provides us with a fair benchmark to compare different economies
around the world. Likewise, this measure shows the growth (or the decline) in
wealth in societies across time.
So...
is America growing richer or poorer based on per-capita GDP? Seems like a
simple enough question, doesn't it? Is our economy growing faster than our
population? Are we, as individuals, becoming more affluent? Or is the pie, measured
on a per-person basis, growing smaller?
Unfortunately,
it's a harder question to answer than it should be. The problem is, we don't
have a sound currency with which to measure GDP through time. Until 1971, the
U.S. dollar was defined as a certain amount of gold. And the price of gold was
fixed by international agreement. It didn't actually begin to trade freely
until 1975. Therefore, the value of the U.S. dollar (and thus the value of U.S.
production, which is measured in dollars) was manipulated higher for many
years.
Even
today, our government's nominal GDP figures are greatly influenced by
inflation. The influence of inflation is particularly pernicious in GDP
studies. You see, inflation, which actually reduces our standard of living,
drives up the amount of nominal GDP. So it creates the appearance of a
wealthier country... while the nation is actually getting poorer.
The
only real way to accurately measure per-capita GDP is to build our own model.
The need to build our own tools tells you something important – the government doesn't
want anyone to know the answer to this question. It could easily publish data
far more accurate than the indexes it puts out. But government doesn't want
anyone to know. And it wants to be able to say "those aren't the real
data" when studies like ours produce bad news.
So pay
attention to how we built our charts. You can see for yourself that our data
are far more accurate than the government's figures. Our data are based on the
real purchasing power of the currency, not the nominal numbers, which are
completely meaningless in the real world.
The
question we are trying to answer is: What would per-capita GDP numbers look
like, if we used a real-world currency, like gold, or a basket of commodity
prices, instead of the paper-based U.S. dollar? What would the figures be if we
measured GDP in sound money instead of the government's funny money?
Here's
how we figured it out. We took the government numbers for nominal GDP and
measured them first against commodity prices, and later (after it began to
trade freely) gold. We used a standard commodity index (the CRB) up to 1975 and
gold post-1975. The result of this analysis shows you the real trend in U.S.
per-capita GDP, as measured on a real-world purchasing power basis.
Our
analysis shows you what's actually happened to our real standard of living. The
results, we suspect, will surprise even the most bearish among you.
America
is in a steep decline.
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011/12/porter%201.png
Americans Are Getting Poorer – Fast
Let me
anticipate the "official" criticism of our study. Many people will
claim that our numbers aren't "real." They will say that we
"mined" the data to produce a chart that showed a steep decline.
That's
simply not so. All we've done is convert the government's nominal GDP stats
into a fixed currency value that's based on real-world purchasing power. The
fact is, our data are far more accurate than the government's because they
represent the real-world experience.
That's
why our data are far more closely correlated to other real-world studies of
wealth in America.
Consider,
for example, annual sales of automobiles. Auto sales peaked in 1985 (11
million) and have been declining at a fairly steady rate since 1999. In 2009,
Americans bought just 5.4 million passenger cars. As a result, the median age
of a registered vehicle in the U.S. is almost 10 years.
Our
data shows that real per-capita wealth peaked in the late 1960s. Guess when we
find the absolutely lowest median age of the U.S. fleet? In 1969. At the end of
the 1960s, the median age of all the cars on the road in the U.S. was only 5.1
years. Even as recently as 1990, the median age was only 6.5 years.
Rich
people buy new cars. Poor people do not.
Most
important, our data "proves" something I know many of you have felt
or perceived for many years. You've seen the decline of your neighborhoods.
You've gone years without being able to earn more money in your job. Or you've
seen your purchasing power decrease to the point where you're now substituting
lower-quality products on your grocery list for the brand-name products you
used to buy.
You
can see how much harder it is on your children to find good jobs, to buy good
housing or a new car. As a result, few people under the age of 40 have the same
kind of "life story" as their parents.
And
because they can't "make it," many have decided to "fake
it." The average college student now graduates with $24,000 in debt... and
by his late 20s has racked up more than $6,000 in credit card debt. Meanwhile,
median earnings for Americans aged 25-34 equals $34,000-$38,000. (Source:
Demos.org, "The Economic State of Young America," November 2011.)
Can
you imagine starting your life out as an adult with a personal debt-to-income
level at close to 100%? What does this say about the state of our economy ? What does
this say about the state of our culture?
Who Suffers Most
It's
not only the young that are having trouble in America. It is also the old.
Debt
levels among households headed by people older than 62 have been rising for two
decades. The average mortgage size for this population is now $71,000 – five
times larger than it was in 1987 (adjusted for inflation), according to William
Apgar of Harvard's Joint
Older
Americans are also more reliant on credit card debt than ever before... credit
card debt. From 1992 through 2007 (which is the latest data available) older
Americans took on credit card debt at a faster pace than the population as a
whole. According to USA Today, lower- and middle-income Americans aged 65 and
older now carry an average of more than $10,000 in credit card debt, up 26%
since only 2005.
What
in the heck is going on? Don't Americans pay off their mortgages before they
retire? Don't they work hard during their careers, save, and invest, so they
can move to Florida and spend their retirement in comfort?
Older
Americans living with credit card debt! This doesn't sound like America, does
it? Or maybe it does.
My bet
is that most of my subscribers know that something has gone terribly wrong with
America. It's not easy to figure out how all of this happened... but you know
from your own experiences that these numbers aren't wrong. It might not be
pleasant to think about... but these figures paint a sad but accurate picture:
America is not the country it was 40 years ago. These changes are warping our
economy, politics, and culture.
In
this month's issue, I'd like to try to define a few of the core reasons we're in
this situation. I can't possibly analyze all the factors that have led to this
decline. But I want to document the growth of graft in politics. I want to
demonstrate – with real facts and examples – how public company leadership has
deteriorated. And I want to document some of the things that are occurring in
the broader society, all of which I believe are linked to this fundamental
decline in our standard of living.
You
see, I believe the decline of our country is primarily a decline of our
culture.
We have
lost our sense of honor, humility, and the dedication to personal
responsibility that, for more than 200 years, made our country the greatest
hope for mankind. I want to detail some of the factors that gave rise to the
current entitlement society. We have become a country of people who believe
their well-being is someone else's responsibility.
I've
labeled these problems: The Corruption of America.
These
problems manifest themselves in different ways across institutions in all parts
of our society. But at their root, they are simply facets of the same stone.
They are all part of the same essential problem.
The
corruption of America isn't happening in one part of our country... or in one
type of institution. It is happening across the landscape of our society, in
almost every institution. It's a kind of moral decay... a kind of greed... a
kind of desperate grasp for power... And it's destroying our nation.
The Ethos of 'Getting Yours'
Americans
know, in their bones, that something terrible is happening. Maybe you can't
articulate it. Maybe you don't have the statistics to understand exactly what's
going on. But my bet is, you think about it a lot.
For
me, a poignant moment of recognition came this month.
Bloomberg
news published an article based on confidential sources about how Henry
Paulson, the former CEO of Goldman Sachs and the Republican U.S. Treasury
secretary during the financial crisis, held a secret meeting with the top 20
hedge-fund managers in New York City in late July 2008. This was about two weeks
after he testified to Congress that Fannie Mae and Freddie Mac were
"well-capitalized."
And
yet, in front of Congress, the U.S. Treasury secretary was saying exactly the
opposite. Either I was a liar... or he was.
He
told them the same thing I had written in my newsletter. He told them the
opposite of what he'd said publicly to Congress. He told these billionaire
investors that Fannie and Freddie were a disaster... They would require an
enormous, multibillion-dollar bailout... The U.S. government would have to take
them over... And their shareholders would be completely wiped out.
Here
you had a high-government official, explicitly lying to Congress (and by
extension, the general public), while giving the real facts to a group of
people who represented the financial interests of the world's wealthiest folks.
The story didn't come to the public's attention for two years .
This
was the most outrageous example of graft and corruption I have ever seen.
Certainly it involves more billions of dollars in misappropriated value than
any other similar story I can recall. These managers had the risk-free ability
to make tens of billions of dollars, if not hundreds of billions, by using
derivatives to capitalize on what they knew was the imminent collapse of the
world's largest mortgage bank. Who picked up the tab? You know perfectly well.
It was you and me, the taxpayers.
(One
of the investment managers present at this meeting was Steve Rattner, who by
that point was already deeply involved in another bit of graft, his efforts to
bribe New York state pension-fund managers for large investments into his hedge
fund, from which he earned perhaps as much as $100 million. He later settled
the charges for a mere $10 million shortly after Andrew Cuomo was elected
governor of New York.)
What
does that say about our country when even the most egregious kind of corruption
– involving hundreds of billions of dollars – is simply ignored?
It
seems like everyone in our country has lost his moral bearing, from the highest
government officials and senior corporate leaders all the way down to
schoolteachers and local community leaders. The ethos of my fellow Americans
seems to have changed from one of personal integrity and responsibility to
"getting yours" – the all-out attempt, by any means possible, to get
the most amount of benefits with the least amount of work.
You
can see this in everything from the lowering of school standards (revising the
SAT) to the widespread use of performance-enhancing drugs in professional,
college, and high school sports. Cheating has become a way of life in America.
I have
an idea about how this happened... about the root cause of this kind of
corruption and why it was inevitable, given some of the basic facts regarding
how we've organized our government and our corporations.
Let me
show you the numbers – the hard facts – behind what's happened to our
country...’
50 Economic Numbers From 2011
That Are Almost Too Crazy To Believe
The Economic Collapse | If we do not educate the American people about
how deathly ill the U.S. economy has become, then they will just keep falling
for the same old lies. December 16, 2011 ‘Even though most Americans have
become very frustrated with this economy, the reality is that the vast majority
of them still have no idea just how bad our economic decline has been or how
much trouble we are going to be in if we don’t make dramatic changes
immediately. If we do not educate the American people about how deathly
ill the U.S. economy has become, then they will just keep falling for the same
old lies that our politicians keep telling them. Just “tweaking” things
here and there is not going to fix this economy. We truly do need a
fundamental change in direction. America is consuming far more wealth
than it is producing and our debt is absolutely exploding. If we stay on
this current path, an economic collapse is inevitable. Hopefully the
crazy economic numbers from 2011 that I have included in this article will be
shocking enough to wake some people up.
At
this time of the year, a lot of families get together, and in most homes the
conversation usually gets around to politics at some point. Hopefully
many of you will use the list below as a tool to help you share the reality of
the U.S. economic crisis with your family and friends. If we all work
together, hopefully we can get millions of people to wake up and realize that
“business as usual” will result in a national economic apocalypse.
The
following are 50 economic numbers from 2011 that are almost too crazy to
believe….
#1 A staggering 48 percent of all Americans are either considered
to be “low income” or are living in poverty.
#2 Approximately 57 percent of all children in the United States
are living in homes that are either considered to be “low income” or
impoverished.
#3 If the number of Americans that “wanted jobs” was the
same today as it was back in 2007, the “official” unemployment rate put out by
the U.S. government would be up to 11 percent .
#4 The average amount of time that a worker stays unemployed
in the United States is now over
40 weeks .
#5 One recent survey found that 77 percent of all U.S. small businesses do not
plan to hire any more workers.
#6 There are fewer payroll jobs in the United States
today than there were back in 2000 even though we
have added 30 million extra people to the population since then.
#7 Since December 2007, median household income in the
United States has declined by a total of 6.8% once you account for inflation.
#8 According to the Bureau of Labor Statistics, 16.6
million Americans were self-employed back in December 2006. Today, that
number has shrunk to 14.5 million .
#9 A Gallup poll from earlier this year found that approximately one out of every
five Americans that do have a job consider themselves to be
underemployed.
#10 According to author Paul Osterman, about 20 percent of all U.S. adults are currently
working jobs that pay poverty-level wages.
#11 Back in 1980, less than 30% of all jobs in the United States
were low income jobs. Today, more than 40% of all jobs in the United States
are low income jobs.
#12 Back in 1969, 95 percent of all men between the ages of
25 and 54 had a job. In July, only 81.2 percent of men in that age group had a
job.
#13 One recent survey found that one out of every three
Americans would not be able to make a mortgage or rent payment
next month if they suddenly lost their current job.
#14 The Federal Reserve recently announced that the total
net worth of U.S. households declined by 4.1 percent in the 3rd quarter of 2011 alone.
#15 According to a recent study conducted by the BlackRock
Investment Institute, the ratio of household debt to personal income in the
United States is now 154 percent .
#16 As the economy has slowed down, so has the number of
marriages. According to a Pew Research Center analysis, only 51 percent of all Americans that are at least 18
years old are currently married. Back in 1960, 72 percent of all U.S. adults were married.
#17 The U.S. Postal Service has lost more than 5 billion dollars over the past year.
#18 In Stockton, California home prices have declined 64 percent from where they were at when the
housing market peaked.
#19 Nevada has had the highest foreclosure rate in the
nation for 59
months in a row.
#20 If you can believe it, the median price of a home in Detroit
is now just $6000 .
#21 According to the U.S. Census Bureau, 18 percent of all homes in the state of Florida
are sitting vacant. That figure is 63 percent larger than it was just ten
years ago.
#22 New home construction in the United States is on pace to
set a brand new all-time record low in 2011.
#23 As I have written about previously , 19 percent of all American men between the ages of 25
and 34 are now living with their parents.
#24 Electricity bills in the United States have risen faster
than the overall rate of inflation for five years in a row .
#25 According to the Bureau of Economic Analysis, health
care costs accounted for just 9.5% of all personal consumption back in
1980. Today they account for approximately 16.3% .
#26 One study found that approximately 41 percent of all working
age Americans either have medical bill problems or are currently paying off
medical debt.
#27 If you can believe it, one out of every seven
Americans has at least 10 credit cards .
#28 The United States spends about 4 dollars on goods and services from China
for every one dollar that China spends on goods and services from the United
States.
#29 It is being projected that the U.S. trade deficit for
2011 will be 558.2 billion dollars .
#30 The retirement crisis in the United States just continues to
get worse. According to the Employee Benefit Research Institute, 46 percent of all American workers have less than $10,000
saved for retirement, and 29 percent of all American workers have less than
$1,000 saved for retirement.
#31 Today, one out of every six elderly
Americans lives below the federal poverty line.
#32 According to a study that was just released, CEO pay at
America’s biggest companies rose by 36.5% in just one recent 12 month period.
#33 Today, the “ too
big to fail ” banks are larger than ever. The total assets of
the six largest U.S. banks increased by 39 percent between September 30, 2006 and
September 30, 2011.
#34 The six heirs of Wal-Mart founder Sam Walton have a net
worth that is roughly equal to the bottom 30 percent of all Americans combined.
#35 According to an analysis of Census Bureau data done by
the Pew Research Center, the median net worth for households led by someone 65
years of age or older is 47 times greater than the
median net worth for households led by someone under the age of 35.
#36 If you can believe it, 37 percent of all U.S. households that are led by
someone under the age of 35 have a net worth of zero or less than zero.
#37 A higher percentage of Americans is living in extreme
poverty (6.7%) than has ever been measured before.
#38 Child homelessness in the United States is now 33 percent higher than it was back in 2007.
#39 Since 2007, the number of children living in poverty in
the state of California has increased by 30 percent .
#40 Sadly, child
poverty is absolutely exploding all over America.
According to the National Center for Children in Poverty, 36.4% of all
children that live in Philadelphia are living in poverty, 40.1% of all
children that live in Atlanta are living in poverty, 52.6% of all
children that live in Cleveland are living in poverty and 53.6% of all
children that live in Detroit are living in poverty.
#41 Today, one out of every seven Americans is on food
stamps and one out of every four American children is on food stamps.
#42 In 1980, government transfer payments accounted for
just 11.7% of all income. Today, government transfer payments
account for more than 18 percent of all income.
#43 A staggering 48.5% of all Americans live in a household that receives some
form of government benefits. Back in 1983, that number was below 30
percent.
#44 Right now, spending by the federal government accounts
for about 24 percent of GDP. Back in 2001, it
accounted for just 18 percent.
#45 For fiscal year 2011, the U.S. federal government had a
budget deficit of nearly 1.3 trillion dollars . That
was the third year in a row that our budget deficit has topped one trillion
dollars.
#46 If Bill Gates gave every single penny of his fortune to
the U.S. government, it would only cover the U.S. budget deficit for about 15 days .
#47 Amazingly, the U.S. government has now accumulated a
total debt of 15 trillion dollars . When Barack Obama first took
office the national debt was just 10.6 trillion dollars.
#48 If the federal government began right at this moment to
repay the U.S. national debt at a rate of one dollar per second, it would
take over 440,000 years to pay off the
national debt.
#49 The U.S. national debt has been increasing by an average
of more than 4 billion dollars
per day since the beginning of the Obama administration.
#50 During the Obama administration, the U.S. government has
accumulated more debt than it did from the time that George Washington took
office to the time that Bill Clinton
took office .
Of
course the heart of our economic problems is the Federal Reserve. The
Federal Reserve is a perpetual debt machine, it has almost completely destroyed
the value of the U.S. dollar and it has an absolutely nightmarish track record
of incompetence. If the Federal Reserve system had never been created,
the U.S. economy would be in far better shape. The federal government
needs to shut down the Federal Reserve and start
issuing currency that is not debt-based. That would be a very significant
step toward restoring prosperity to America.
During
2011 we made a lot of progress in educating the American people about our
economic problems, but we still have a long way to go.
Hopefully
next year more Americans than ever will wake up, because 2012 is going to
represent a huge turning point for this country.’
Current Events Summarized In
Brilliant Art George Washington 12/16/2011 A picture is worth a
thousand words [ View archived file: http://www.albertpeia.com/currenteventsinart.htm ]
The Tim Tebow Comeback Story
Continues But There Will Be No Miracle Comebacks For The U.S. Economy | Never in the
history of the NFL has there ever been anything like this. The Economic Collapse December 12,
2011 ‘Never in the history of the NFL has there ever been anything like
this. Today, Tim Tebow engineered yet another miraculous 4th
quarter comeback. Almost everyone has been expecting this unprecedented
string of comebacks to come to an end, yet Tebow just keeps pulling off miracle
after miracle. It seems like nearly every week now we are talking about
another unbelievable Tim Tebow comeback. It is truly a great story, and
what is wonderful about Tebow is that he is not out to glorify himself.
He is very humble, he always recognizes his teammates and he is a terrific role
model for a generation of American youth that is in desperate need of
one. Unfortunately, there is not going to be a similar comeback story for
the U.S. economy. It is late in the 4th quarter, we have
accumulated over 50 trillion dollars of total debt as a nation, and our
economic guts are being ripped out at a rate that is almost impossible to
believe. The game is essentially over and we are headed for an incredible
amount of economic pain as a nation.
We
desperately need a “political Tim Tebow” to come along to dismantle our current
debt-based economic system. But instead, the corrupt politicians in
Washington D.C. just keep patching up our current system and hope that somehow
it will recover.
Unfortunately,
this is about as good as things are going to get for the U.S. economy.
The federal government and the Federal Reserve are already pushing things to
the “red line”, and all of that effort has not accomplished much.
We
have been experiencing “economic stagnation” for much of the past year, and
there is not much more that they can do to improve things under our current
system.
Right
now, the Federal Reserve has pushed interest rates as low as they can go.
They can’t go any lower.
Right
now, the federal government is borrowing and spending unprecedented amounts of
money. Federal spending cannot go much higher.
Right
now, we have already seen tax cut after tax cut and virtually none of them have
been paid for. Any additional tax cuts will just send our budget deficits
even higher.
Right
now, we have already seen unprecedented intervention by the Federal
Reserve. They have done just about everything short of dropping huge bags
of money over the countryside from helicopters.
The
federal government and the Federal Reserve have done just about everything that
they can possibly do to “stimulate” the economy, and yet things just keep
getting worse.
So
what is going to happen when the federal government and the Federal Reserve
quit stimulating the economy?
As I
wrote about the
other day , when evaluating the future of the U.S. economy, it is
vitally important to look at the balance sheet numbers and the long-term
trends.
When
you do that, you suddenly do not feel so good about the upward “blips” that we
have seen in the economy lately.
Yes,
the “official” unemployment rate recently went down slightly. But as Mac
Slavo recently pointed out , even with the
recent “improvement” the truth is that the “real” level of unemployment in the
United States is still well over 20 percent.
And
all of the long-term trends indicate that we heading for a massive amount of
trouble.
The
number of good jobs continues to decline. Even though our population is
rapidly increasing, there are 10 percent fewer middle income jobs in the U.S.
today than there were a decade ago.
In
recent years, the employment to population ratio has been steadily
declining. At the start of the recession it was at 62.7%. Today, it
is at 58.5%.
Household
incomes continue to go down as well. Since December 2007, median
household income in the United States has declined by a total of 6.8% once you account for inflation.
So why
is this happening? Well, as I wrote about recently, the United States has
the worst balance
of trade in the entire world by far.
Wealth,
jobs and economic infrastructure are pouring out of this country and very few
politicians are trying to stop it.
An
average of 23 manufacturing facilities were shut down every single day in the United States last year.
That
represents a huge amount of lost jobs.
So do
you hear any political candidates talking about how they are going to stop this
from happening or about how they are going to get all of those lost jobs back?
Overall,
the U.S. has lost a total of more than 56,000 manufacturing facilities since
2001.
So how
can an economy be great when it is constantly bleeding huge amounts of economic
infrastructure?
We
have become way too dependent on other nations for the things that we need.
How
much trouble would we be in if Saudi Arabia suddenly decided to quit shipping
us oil or if China suddenly decided to quit shipping us cheap plastic products
to sell in our stores?
Right
now, businesses are absolutely racing to get out of the United States.
Big corporations are shipping as many jobs as they possibly can out of the
country. Our insane economic policies have turned American workers into
tremendous liabilities.
One
economist from Princeton University is warning that 40 million more U.S. jobs
could be sent offshore over the next two decades if nothing is done to stop
this.
So why
aren’t more politicians screaming and yelling about this?
Without
good jobs, Americans are falling out of the middle class in staggering numbers.
Since
2007, the number of children living in poverty in the state of California has increased by 30 percent .
So is
that a sign that things are getting better or that things are getting worse?
A
higher percentage of Americans is living in extreme
poverty than has ever been measured before. Not only that,
2.6 million more Americans fell into poverty last year. That was also a
new all-time record.
So are
those signs that things are getting better or that things are getting worse?
The
American people generally do not understand why these things are happening, but
they are clearly getting frustrated.
A
recent Gallup poll found that an all-time record 76 percent of all Americans believe that most
members of Congress do not deserve to be reelected.
But
when election time rolls around, they will probably send most of them back to
Washington D.C. anyway.
Our
politicians keep kicking the can down the road, but time for doing that is
running out. The unprecedented “stimulus” efforts by the federal
government will be coming to an end sooner or later.
In a
recent article, author Bruce Krasting listed a whole
bunch of reasons why the economic can is not going to be able to be kicked down
the road much farther. The following are some of the things that he says
are scheduled to end by the beginning of 2013….
The Bush tax
cuts on those making more than $200k will expire.
The Bush tax
cuts on those making less than $200k will also expire.
The Patch on
AMT will expire.
The 2% payroll
tax holiday will expire for all workers on 12/31/12 (I’m sure the current
holiday will be rolled for another year)
The 99-week
extended unemployment benefits die on 12/31. (The emergency benefits will also
be extended for 2012)
There will have
to be a budget that is approved. Alternatively, a series of continuing
resolutions is required to avert a government shutdown. We have not had an
approved budget in over 900 days.
2013 is the
first year that there will be mandatory caps on discretionary spending. These
limits will result in a YoY decline in government spending.
The Federal
Reserve has promised to keep interest rates at zero into 2013. While it is
possible that the Fed could continue the madness for even longer, the reality
is that interest rates have nowhere to go but up.
By January 2013
it will be painfully evident that the country’s key social programs, Social
Security and Medicare will be running in the red at a pace that is far higher
than anyone considered possible. The need for dramatic changes in these
programs will have to come onto the table. The implications of this will be
significant.
In 2013 the
issues of Fannie, Freddie, FHA and the Federal Home Loan Banks must be
addressed. The problems at the housing agencies has festered too long.
The country
will face another debt ceiling extension. The last time cost us our AAA.
Sadly, we will probably not have to wait
until 2013 to feel a whole lot of economic pain.
The reality is that a 15 trillion dollar
debt and trillion dollar yearly budget deficits are not sustainable. We
have created a situation where a horrible crash is inevitable, and there is no
way that our current debt-based system can be fixed to keep a nightmarish
collapse from happening.
During the Obama administration, the
U.S. government has accumulated more debt than it did from the time that George
Washington took office to the time that Bill Clinton
took office . That is a recipe for national financial suicide.
Meanwhile, despite what you may have
heard, the European debt crisis has not been fixed.
Not at all.
The truth is that none of the
fundamental problems were fixed by this recent “agreement” as Ambrose
Evans-Pritchard recently noted in one of his columns ….
There is no shared debt issuance,
no fiscal transfers, no move to an EU Treasury, no banking licence for the ESM
rescue fund, and no change in the mandate of the European Central Bank.
In short, there is no breakthrough
of any kind that will convince Asian investors that this monetary union has
viable governance or even a future.
Germany has kept the focus
exclusively on fiscal deficits even though everybody must understand by now
that this crisis was not caused by fiscal deficits (except in the case of
Greece). Spain and Ireland were in surplus, and Italy had a primary surplus.
For many more reasons why Europe is
headed for big trouble, please read this article: “ 22 Reasons Why We Could See An
Economic Collapse In Europe In 2012 “.
When Europe goes down, it is going to
have a devastating impact on the United States.
Meanwhile, the economies of China and
Japan are also steamrolling toward recession.
There is simply way too much debt in the
world, and a great day of reckoning is coming.
Combined, the industrialized nations of
the world borrowed more than 10 trillion dollars this year, and
that number is expected to soar even higher next year.
Jim Cramer of CNBC stated recently that the global economy is at
“DEFCON 3, two stages from a financial collapse so huge it’s hard to get your
mind around.”
Most Americans don’t understand this
yet. But hopefully we can get more of them educated while there is still
time.
The global financial system is a big
shell game. It is a gigantic mountain of debt, leverage and risk.
You would have thought that we would
have learned some key lessons from the financial crisis of 2008, but we didn’t.
Back in 2002, the top 10 U.S. banks
controlled 55 percent of all U.S. banking assets. Right
now, the top 10 U.S. banks control 77 percent of all U.S. banking assets.
Today, the “ too
big to fail ” banks are larger than ever. The total assets of
the six largest U.S. banks increased by 39 percent between September 30, 2006 and
September 30, 2011.
So instead of doing something about the
“too big to fail” banks, they are now more “too big to fail” than ever.
As big banks and big corporations have
come to dominate our economy more than ever before, wealth and power have also
become much more concentrated….
*The wealthiest 1 percent of all
Americans now own more than a third of all the wealth in the United
States.
*The poorest 50 percent of all Americans
collectively own just 2.5% of all the wealth in the United States.
*The six heirs of Wal-Mart founder Sam
Walton have a net worth that is roughly equal to the bottom 30 percent of all Americans combined.
*Overall, the wealthiest one percent of
all Americans have a greater net worth than the bottom 90 percent
combined .
It would be wonderful if we could send a
“Tim Tebow of politics” to Washington D.C., but instead the Democrats and the
Republicans look like they just plan to give us more of the same.
Are the Republicans really going to
nominate someone who co-sponsored 418 bills with Nancy Pelosi? The truth is that the latest “anti-Romney
candidate” is almost a clone of Mitt Romney.
Newt Gingrich is essentially an older,
ruder version of Barack Obama. If you are counting on him to “save
America” then you are going to be incredibly disappointed.
Sadly, we just do not have nearly enough
men like Tim
Tebow in America today. The following comes from a
recent profile of Tebow that recently appeared in the Wall Street Journal ….
While at Florida, Mr. Tebow became
well known for spending his summers helping the poor and needy in the
Philippines. He also spoke in prisons and appeared to accept every opportunity
to volunteer. He encouraged his teammates and classmates to follow his lead.
You can see video of Tim Tebow speaking
to a group of prisoners at the Lake City Correctional Facility while he was
still attending the University of Florida right here .
Unfortunately, there is no “Tim Tebow
comeback” on the horizon for the U.S. economy at this point.
But when the U.S. economy does get
worse, we can take a cue from Tim Tebow and be very generous with those in need.
There are going to be a lot of people that will be really hurting, and those of
us that have been blessed should do what we can to help them out.
A lot of people say that my site is all about
“doom and gloom”, but telling the truth to the American people is never a bad
thing.
We do not do ourselves any favors by
sticking our heads in the sand and pretending that everything is going to be
okay.
There is going to be no miracle comeback
for the U.S. economy.
A horrific economic collapse is coming.
You better get ready.’
THE
ROAD NOT TAKEN: GLOBAL ECONOMY ON THE BRINK http://www.safehaven.com/article/23606/the-road-not-taken 12/10/2011 By David Knox Barker The
international political economy and global financial markets are deep in the
woods. A long wave winter season is blowing cold, and getting colder. Decades
of excess leverage in the banking system and sovereign states is coming to an
end. Government and consumer spending are hitting a wall. A critical fork on
this wintry road is coming up fast.
A
transformational long wave crisis that spans the globe is under way. Tough
decisions must be made to pull us out of the long wave winter crisis and into a
new spring day on the other side. There are two different roads beckoning us
out of this long wave wintry mess. Make no mistake; the choice leads to
distinctly different destinations.
http://static.safehaven.com/authors/barker/23606_a.jpg
Oscar
Wilde, in his essay The Decay of Lying, famously penned the words, "Life
imitates art far more than art imitates life." Along this line of
thinking, Robert Frost's famous poem, with only one word edited (wintry), is in
order. It offers new meaning as the world grapples with the global financial,
economic and political crisis. It speaks to the far-reaching implications of
the important decisions required now for the uncertain road that lies ahead.
The Road Not Taken
Two roads diverged in a (wintry) wood,
Investors
and traders should recognize that global markets will discount the unknown
future on the road ahead far more than most are expecting as this long wave
winter bottoms in the years directly ahead, whatever road we take. Markets do
not like the unknown and buyers of the future will require a hefty discount to
the cash flows it offers, especially when perceived risks are rising fast and
show no sign of abating.
After
this final phase of the long wave winter that puts the future on sale, we can
get on with building a global economy that is better than what we are leaving
behind. The real question is what road we will take. One road leads to the
serfdom and dependence on government promises, the other to individual freedom
and unlimited potential. The road chosen will make a big difference in the
world we live in during the coming long wave spring season and global boom that
lies ahead.
The
low road offers more of the same Keynesian hopes that created this crisis. It
shows more wear. It offers greater intervention from government in hopes that
the state, even in light of recent evidence to the contrary, has the answers.
The low road grants greater powers to government and vastly higher levels of
debt, fighting debt with debt. Along this road greater national and individual
sovereignty and liberty is a required sacrifice offered to the deity of the
state and its various temples of centralized control.
The
high road offers the hope that the grand experiment of big government is
actually ending world over. The dissemination of information on the Internet
suggests the old media is losing its grip on public consciousness and its role
of kingmaker. Centralized political power is doomed. Rather than centralizing
power, there are signs the information age and technology is in the process of
a quantum leap, transforming political power in the process and returning it to
its rightful owner, the individual and their important role in society and
community. The latent potential that can be unleashed on the high road is
astounding, and it is the same world over.
Advocates
of the high road recognize that radical pro-growth and pro-job corporate tax
policies are urgently required. A low flat corporate tax rate of 15% or less in
the U.S. will force the world to follow and trigger a global growth boom and
new long wave spring. The fair-tax makes even more sense, but that is likely
asking too much of politicians that appear to have trouble understanding that
they were not elected to only enrich themselves. Have courage, this ilk is on
the way out. Most politicians believe tax reform is granting tax breaks in the
tax code for kickbacks in one form of another.
If
government spending cuts are combined with pro-growth corporate tax policies,
the next wave of Internet driven innovation will trigger a global boom in a new
long wave spring season beyond 2012. Political leaders can pursue policies that
accelerate these trends, or they can try to hold on to their rapidly failing
grip on power.
Few
are aware that the object-oriented paradigm and the object-oriented code it
spawned has played an essential role in the Internet revolution. The
objectivation of the planet is turning the Internet into an empowering force
for individual freedom and liberty. The Internet is decentralizing access to
information and is radically changing the world, including putting political
power into a state of flux.
The
low road is simply more of the same that got us here and delivered the global
system to the edge of the abyss. There are those that are loudly advocating
this well-worn Keynesian road funded by government debt, i.e., the same map
that got us here. Many advocating the low road are hoping for yearend bonus
checks for all the bad debt they would like governments to back stop and
transfer onto the backs of taxpayers. This low road is where society's
resources are distributed both up to an elite class that socialize their losses
and down to an entitlement class. The motto of the low road is clear, in the
words of Ayn Rand, "From each according to his ability, to each according
to his need."
The
high road is seldom traveled these days. It is a road of individual
responsibility and accountability for one's own decisions and actions, where
thrift and prudence gain their just reward and are not punished by the greed of
others that are too big to fail. This high road is where budgets are balanced
and governments do not spend money they do not have and therefore must borrow, or
steal from its rightful owners.
The
two roads out of the global financial crisis are coming up as the world
descends in the current business cycle. The call for the European Central Bank
(ECB) to join with the U.S. Federal Reserve and promise unlimited quantitative
easing (QE) has reached a fevered pitch. The ECB has been buying sovereign
bonds on the margin, but the idea of the ECB ratcheting up the buying of any
bonds issued by the profligate politicians is a low road choice by any
standard. It is repulsive to those accustomed to living within their means and
not interested in financing those that who do not.
The
current global system is now struggling under its glaring contradictions. The
long wave cycle points down and to a resetting of the global economic and
financial order. The world has come to an important fork in the road in the
current business cycle, the final business cycle of the long wave winter
The
entitlement class is demanding the politicians serve up the wealthiest
producers on a 1% prime mover platter, so they can, in their own words,
"eat the rich". It will of course be their last meal, but this crowd
does not think that far ahead. They have not considered that the next meal will
be the wild-eyed comrade across the table, or it will be them and their family.
In
short, the low road thinking suggests that it is possible to solve history's
greatest debt crisis with more debt and deficit spending, keeping the
entitlement class satisfied and growing. This may work marginally in this long
wave cycle crisis and a somber spring will begin belatedly, but this low road
will weaken international capitalism and likely trigger the collapse of
capitalism in the next long wave winter season, delivering the global economy
onto the cusp of a new dark age.
On the
high road, governments will actually be required to stop spending money they do
not have and balance their budgets. Investors that unfortunately make bad
investments will have to take losses and not socialize them and pass them on to
taxpayers. This appears to be a rather novel concept for many. The media and
politicians jeer at it as old-fashioned nonsense. Those with the mistaken
belief that the profits of capitalism will be able to pay the tab for the great
entitlement banquet, are rejecting as "austerity" what is only common
sense and the way our grandparents lived.
Advocates
for the low road gained the upper hand in the 2008-2009 phase of the financial
crisis. Many are now rightfully questioning this direction. Although we are now
moving toward the low road, there remains time to change, to take the high
road.
All
eyes are now on Europe. There is hope that Europe could switch to the high
road, and force the U.S. and Asia to follow. This week we learned that the new
ECB president Mario Draghi is suggesting that the ECB does not intend to
backstop governments that cannot balance their budgets, or failing banks that
fund them. German Chancellor Angela Merkel is suggesting government must bring
their budgets under control before they receive any help from the ECB. In
short, Europe is considering taking the high road. If they do, they could force
the U.S. and even the world to follow. Merkel and Draghi are pointing us toward
the high road. Those clamoring for more QE to off load their bad debts on you, your
children and your grandchildren, so they can get their Christmas bonuses,
typically work the tollgates on the low road.
The
statement out of the European Union meeting this week suggests there remain
leaders that are advocating the high road; let us pray they can provide the
leadership to make it happen. They are asking governments to cut spending and
move toward balanced budgets before the ECB steps in and buys larger amounts of
sovereign debt. Draghi appears to be the sort that will wait for tangible evidence
and real cuts before backstopping anyone. Chairman Bernanke should take notes
and shake off his fear of deflation.
Great
pressure is being applied to the ECB to jettison their single mandate of price
stability in Europe and join the U.S. Federal Reserve by becoming the buyer of
last resort. This is clearly a low road option. If the ECB caves to this
pressure, odds rise sharply that the low road is our destiny. If the
infrastructure obsessed Bank of China (BOC) keeps the monetary pedal to the
metal it will also indicate the low road may be the one the world travels, but
they may just take their cue from the ECB. There is evidence that even some of
the leaders of communist-capitalism can recognize the advantages of the high
road.
On the
low road, concerted global QE will cause the global crisis and long wave winter
to drag on longer than it will on the high road. With global QE that buys bad
debt, the business cycle lows in 2016 will be inflation-adjusted long wave lows
as debt is monetized and inflation steals from real returns. Capital will be
slow to commit to the new global long wave spring season and it will get off to
a much slower start than possible on the high road. Government picks winners
and losers on the low road. That plan has not worked out so far, e.g. Solyndra,
etc.
The
map for the high road is real deficit reduction in the U.S. and in Europe, not
just smaller increases, and aggressive pro-growth corporate tax reform; not
endless talk, but action. On the high road, the decline of the business cycle
will sharper and swifter than most expect. Required writedowns of bad debt
investments, necessary government spending cuts and debt deleveraging will not
come without pain. On the high road the decline of the business cycle will most
likely be a sharp V shaped deflationary recession/depression into late 2012,
and possibly mid-2013.
The
chart below demonstrates this possible scenario using Market Cycle Dynamics
software running with Metastock. The global economy and international markets
are a complex system. The low road will not stop the cycles; it will only
lengthen the cycles and lead the world inexorably toward chaos and a greater
collapse. The high road will restore order and a global boom. A new long wave
spring season of global prosperity is what the high road offers.
http://static.safehaven.com/authors/barker/23606_b.png
On the
high road, the global economy will make the turn and come roaring out of the V
shaped deflation and debt liquidation and into a new long wave spring within 18
months. Hard work, risk taking and ability are what will pick the winners along
the high road. The road we choose to travel will determine how and when this
business cycle and long wave winter season ends. The road we take will make all
the difference.’
The Worldwide Depression/Recession
Of 2012 Jeff Harding Dec 09, 2011
‘While we're seeing some positive numbers in the US, we're also seeing signs of
weakness. And since we live in a world of international trade, the world's woes
will hit us. ( Read more: http://www.minyanville.com/businessmarkets/articles/eurozone-euro-eurozone-crisis-sovereign-debt/12/9/2011/id/38294#ixzz1g7Hfhu3K ) ‘ In case you
haven’t noticed, the rest of the world continues to slow down and the negative data is accelerating. The big
powerhouses of the world, the eurozone (including Germany), Japan, and China
are leading this trend and there is no reason to believe that the U.S. will not
follow. trade , the world’s woes will hit us. Bloomberg article,
“Central banks across five continents are undertaking the broadest reduction in
borrowing costs since 2009 to avert a global economic slump stemming
from Europe’s sovereign-debt turmoil.” interest rate three times
this year to fight inflation. India’s central bank lifted rates on Oct. 25
by a quarter of a percentage point, while signaling it was nearing the end of
its record cycle of increases as the economy cooled. result :
Manufacturing
production falls at fastest rate in three months; the lowest service
sector growth since August;
Overall input
costs fall for the first month since July 2010;
Service sector
business optimism second-lowest in series history.
China’s frequent monetary stimulus,
along with government real estate policies, keeps feeding their real estate
boom-bust cycles. commodities , capital
goods, and manufactured goods all decline. This is impacting commodity
prices; they have been falling since this summer (mainly a supply-demand
factor, not just a money deflation issue). Each country/zone will have a
different reaction to all this. Most will continue to inflate (“print” money). depending
on what the Fed does , it is likely we’ll go Japanese as
well. http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchDEC2011/Chart%201%20Markit-JPM-Global-Main-PMI-Regional%20Nov%202011.png Click to enlarge
http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchDEC2011/Chart%202%20KMPG_Market-Wordwide-Regional%20PMI%20Nov%202011.png Click to enlarge http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchDEC2011/Chart%203%20Markit-HSBC-China-PMI-Germany%20Composite%20Nov%202011.png Click to enlarge http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchDEC2011/Chart%204%20Markit-Eurozone-PMI-GDP-Input%20prices%20Nov%202011.png Click to enlarge N.B. The word “depression” frightens a lot of people. It
should. But, we are in one now. Our leaders just invented the word “recession”
to take our minds off what’s really happening. Murray Rothbard in his
book, America’s Great Depression noted
that when the economy crashed again in 1937, Franklin D. Roosevelt and
his advisers didn’t want to use the “D” word so they came up with
“recession.” Until that time there were no “recessions.” Now a “recession” is
just a mini-depression. Since we, in my opinion, have not yet recovered from
the Crash of 2008, we are in a depression. Just ask the 25 million Americans
who either don’t have a job, can’t find one, stopped looking, or are working
part-time because they can’t find full-time work. Just ask the 24% of home
owners whose homes are financially underwater.
http://www.minyanville.com/businessmarkets/articles/eurozone-euro-eurozone-crisis-sovereign-debt/12/9/2011/id/38294#ixzz1g7IPeEEi
MF GLOBAL
EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded [This brief video explains causal links (some
even adding that they’re all jewish)
between OTC derivatives, the financial crisis of 2008, Alan Greenspan,
Robert Rubin, Larry Summers, Jon Corzine and MF Global. [ It’s time for all people
to know and understand how they, america and the rest of the world, have been done-in
by fraudulent wall street greed / crime, u.s. government corruption, and
media/u.s.government complicity by silence, coverup, and overt criminal acts to
protect the perpetrators (the following 10 minute video is purposely simplistic
enough for even the previously most gullible dupes to understand, including the
insurmountable magnitude of the problem/fraud/crime requiring action and
prosecutions. Yes, it is true ‘what a tangled web they’ve weaved, when in greed
they’ve deceived, and fraudulently keep the money they’ve received, as all the
respective nations of the world continue to bleed’!) ]; and, here’s:
‘Quantitative Easing Explained’ http://www.youtube.com/watch?v=PTUY16CkS-k (6 minutes-well worth it). How the U.S. Will Become a 3rd
World Country (Part 1)
Globalization and Global Chaos
Into the Abyss: The Cycle of
Debt Deflation
OTC Derivatives: Failed Banks
or Failed Nations?
Bernanke's Dilemma:
Hyperinflation and the U.S. Dollar
Madmen, Gamblers, Alcoholics,
the U.S. Dollar and Gold
SPX
Update: Sell the Bounce Jason Haver Nov 29, 2011 ‘This bounce might not last long,
and new lows are expected to follow .
Nouriel Roubini: Government
Gridlock ‘Ensures’ 2012 Recession Daily Ticker -
Nov 23, 2011 {Tell me something that’s not already begun and that I don’t know!
Tell us something we don’t know! Financial Crisis Phase II Is
Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown , predicting the global crisis that
occurred the following year. I now see a similar confluence of events ..
“the new recession has started.”… Over the past 33 years, we have called the
start of every recession..Currently, the GDP deflator is 1.8%, which hardly
reflects the true rise in prices. Therefore, what is counted as “growth,” is
actually price increases. Actual inflation..is now more than 11%. Using that to
adjust GDP for inflation, would show that the economy is now in a very sharp
contraction…’, David Rosenberg: “It’s Time To
Start Calling This For What It Is: A Modern Day Depression” Zero Hedge , David Rosenberg On The
Depression, The ECB, MF Global As A Canary In The Coalmine... All With A
Surprise Ending Durden , This is No Cyclical Recession…
It is a Secular DE-pression Phoenix Capital
Research) }
$707,568,901,000,000: How (And
Why) Banks Increased Total Outstanding Derivatives By A Record $107 Trillion In
6 Months Durden
DATA
SUMMARY SHOWS THE US ECONOMY IS IN JEOPARDY [ Duh! Ya think? ] Jeff Harding Nov 23, 2011 http://www.minyanville.com/buzz/buzzalert/data-summary-shows-the-us/11/23/2011/id/146675?camp=syndication&medium=portals&from=yahoo ‘An overview
of all the factors at play leads to one inevitable conclusion.
The Crossroad something is
going to happen . Whether that will be a positive or a negative is often
difficult to tell because at any time one of those “black swans” could land in
our midst and change everything. Plans are fluid and and forecasting can
be quixotic. That said, I believe we are at a critical point, and the US
economy is heading for a fall. Today data reports in terms of an overall
view of the economy. I apologize for all of the charts and data, but they offer
some insight into trends. Price Indices
http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards1.png http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards2.png http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards3.png
Industrial Production http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards4.png Manufacturing factory sector output was up 0.5% in October and
up 4.1% for the 12 months. The only negative here, and it is a significant one,
is that new orders are flat, but may not be declining: http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards5.png ISM Manufacturing Index shows
some weakness: http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards6.png
http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards7.png Business Sales steady :
Businesses are carefully
managing their inventories, keeping them lean as sales move incrementally
forward. Business inventories are unchanged in the September report with sales
up 0.6 percent [11.06% YoY], a combination that keeps the inventory-to-sales
ratio at 1.27. This ratio has been pretty steady for the last two years after
spiking as high as 1.49 during the recession when sales of course plunged.
Retail Sales http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards8.png
Wages and Earnings unchanged average workweek combined with the decline in
real average hourly earnings resulted in a 1.7 percent decrease in real average
weekly earnings during the same period,” according to the Bureau of Labor
Statistics. Bank Credit Consumer credit Consumer credit increased
at an annual rate of 1.5% in the third quarter. Revolving
credit decreased at an annual rate of 3.25%, while nonrevolving
credit increased 3.75%. In September consumer credit increased at an
annual rate of 3.5%. Revolving credit is credit card debt; nonrevolving debt is
mostly auto loans and student loans. Generally, consumer credit has been rather
flat except for auto loans, which have been up and down, but mostly up: http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards9.png
Business credit Fed’s H.8 commercial bank
commercial and industrial (C&I) loans in 2011 (note: I modified this chart
to fit):
http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards10.png
http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards11.png
average loan size for small banks increased from
about $100,000 to almost $650,000. One might conclude from this that the credit
freeze is over and small banks are lending and small to medium business
enterprises (SMEs) are borrowing, thus indicating a recovery. business customers , and there has
been a scramble by both large and small banks for SME customers. Keefe, Bruyette & Woods , an investment
bank specializing in services to the banking sector said:
confirmed by the Fed’s October
2011 Senior Loan Officer Opinion Survey on Bank Lending Practices, where they
reported increased competition, but that loan demand was weak: http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards12.png
International Trade positive by most
analysts (I see it as a negative):
The US trade deficit unexpectedly
improved in September, but a significant part of it appears to have been
related to flight to safety to gold during September’s weak financial markets.
The September trade gap shrank to $43.1 billion from $44.9 billion in August.
The latest shortfall was narrower than analysts’ expectations for a $46.3
billion deficit. Exports gained 1.4 percent after edging up 0.1 percent in
August. Imports rose 0.3 percent in September, following a 0.2 percent decline
the prior month.
substantial driver of the
economy ($2.117 trillion): http://image.minyanville.com/assets/FCK_Jan2011/images/LisaCatchNOV2011/Hards13.png
International Capital Flows continues to flow into the US seeking refuge
mainly in Treasuries:
Volatility in international financial
markets made for a second straight month of increasing inflow into
long-term US securities , at $68.6 billion in September following August’s
revised $58.0 billion. These follow inflows of only $9.1 billion and $4.1
billion in the two prior months. US investors, repatriating their funds, were
small net sellers of foreign securities in September. But increasing demand for
US securities is narrowly based into Treasuries in contrast to outflows for
corporate bonds and especially US equities which is no surprise given the
general move into safety and away from risk. Net outflows from equities were a
very steep $19.2 billion in September following August’s $6.5 billion outflow.
Summary
#1. Industrial production (manufacturing
and services) is continuing a flat to declining trend that has been going
on since the second quarter of 2010. Manufacturing has shown recent growth, but
it mirrors the negative to flat trend. Capital goods orders have improved,
reflecting technological upgrades (which is also mirrored in software sales). business credit still suffers
from lack of demand. rebounded substantially post-crash as a result of a
devalued dollar.
#1. Unemployment is high. At 9%
there are 13.9 million unemployed, while the broader measure of
unemployed (U-6) is 25 million. While unemployment has been dropping at a
snail’s pace, jobs are not being created at a sufficient rate to substantially
reduce unemployment. New jobless claims have been hovering around the 400,000
per week for the entire year. disposable income is
falling. Personal savings have
fallen from a post-crash high of 5.8% in June 2010 to 3.6% as of
September 2011 because consumers are using savings to fund consumption . third-quarter boos t will
likely not continue. It is likely that the third-quarter report will be revised
downward. pent-up demand and are
not likely to be sustained. top 5% of earners account
for 37% of all consumer spending, and it is they who are supporting consumer
spending. I call this a “bifurcated economy.” There is no broad-based consumer
spending rally. historically very high and has
not been substantially reduced . sovereign debt is 100% of GDP ($15 trillion and
growing). government spending (federal, state, and local)
constitutes 45.6% of GDP. euro crisis will have
a substantial impact on the rest of the world, including the US. That is
difficult to predict, but we’ll know very soon. According to recent data,
the world is heading into recession in
almost all economies . annual deficit . Unfunded liabilities for Social Security,
Medicare, and prescription drug (Part D) are $116.4 trillion and growing. This
does not include the pending problem with student loans (Sallie Mae) or
obligations to government-sponsored enterprises. MF Global (MFGLQ.PK) problem is indicative of a
declining economy. It is likely that in a growing economy, MF Global would have
been able to ride out its crisis. In a declining economy, company weaknesses
tend to be revealed, as with Lehman. That creates market uncertainty. malinvested assets that have
not been liquidated. food stamps; 48.5% of the
population lived in a household that received some type of government aid in
the first quarter of 2010. angry and disaffected population in
America is potentially politically dangerous.
Reminder: This is part one of a two-part series. The second half will be
published on Minyanville on Friday, November 25.’
25 Bitter And Painful Facts
About The Coming Baby Boomer Retirement Crisis That Will Blow Your Mind The Economic
Collapse | For decades we were warned that when the Baby Boomers started to
retire that this country would be facing a retirement crisis of unprecedented
magnitude. The Economic Collapse November 23,
2011
‘For
decades we were warned that when the Baby Boomers started to retire that this
country would be facing a retirement crisis of unprecedented magnitude.
Well, that day has arrived ladies and gentlemen. Back on January 1st, the
Baby Boomers began to retire and more than 10,000 of them will be retiring
every single day for years to come. Most of them have not saved up nearly
enough money for retirement. At the same time, private sector pension
plans are failing all over the place, hundreds of state and local government
pension plans from coast to coast are woefully underfunded, and the Social
Security system is on the road to complete and total disaster. A massive
wave of humanity is hitting retirement age at a moment in history when the U.S.
economy is coming apart at the seams. We do not have the resources to
keep the promises that we made to the Baby Boomers, and most of them have not
made adequate preparations for retirement. What we have is a gigantic
mess on our hands, and millions of Baby Boomers are going to find retirement to
be very bitter and very painful.
A lot
of younger Americans just assume that Social Security is enough to take care of
the needs of elderly Americans. But that is just not the case.
Have
you ever tried to live solely on a Social Security check?
It is
not easy. The truth is that those checks are just not that large.
The
following comes directly from the Social Security
Administration ….
The average monthly Social
Security benefit for a retired worker was about $1,177 at the beginning of
2011.
Could you live on less than 300 dollars
a week?
And keep in mind that the $1,177 monthly
figure is just an average. Many receive a lot less than that.
In addition, Social Security benefits
have been seriously squeezed by inflation in recent years. The cost of
food and other basics has risen briskly and Social Security benefits have not.
Today, many elderly Americans have to
make a choice between buying food, heating their homes or buying medicine that
they need. They simply do not have enough money to do all of them.
It would have been nice if all of the
Baby Boomers had been busy saving money for retirement all these years, but
that just did not happen. In fact, the Baby Boomers as a group are
trillions of dollars short of what they need for retirement.
So why doesn’t the U.S. government step
in to help them out?
Well, the reality of the situation is
that the U.S. government is flat broke. The federal government is now
over 15 trillion dollars in debt. During the Obama
administration so far, the U.S. government has accumulated more new debt than
it did from the time that George Washington took office to the time that Bill Clinton
took office .
Lawmakers are already looking at ways to
make the Social Security program less costly. No, the federal government
is not going to be riding to the rescue.
In fact, it will be a minor miracle if
the Social Security program is able to survive until the end of this decade,
and it will be a major miracle if the Social Security program is able to
survive until 2030.
As for myself, I do not believe that I
will ever see a single penny from Social Security, and many other working age
Americans feel the same way.
Retirement is supposed to be a fun time,
but sadly most Americans that are approaching retirement age are not going to
have any “golden years” to look forward to.
Rather, millions of elderly Americans
are going to find the years ahead absolutely agonizing as they struggle just to
survive.
The following are 25 bitter and painful
facts about the coming Baby Boomer retirement crisis that will blow your mind….
#1 According to
the Employee Benefit Research Institute, 46 percent of all American workers have less than
$10,000 saved for retirement, and 29 percent of all American workers have less than
$1,000 saved for retirement.
#2 According to a
recent poll conducted by Americans for Secure Retirement, 88 percent of all Americans are worried about
“maintaining a comfortable standard of living in retirement”. Last year,
that figure was at 73 percent.
#3 A study
conducted by Boston College’s Center for Retirement Research has found that
American workers are $6.6 trillion short of what they need to retire
comfortably.
#4 Today, one out of every six elderly
Americans lives below the federal poverty line.
#5 On January
1st, 2011 the very first Baby Boomers started to retire. For almost the
next 20 years, more than 10,000 Baby Boomers will be
retiring every single day.
#6 At the moment,
only about 13 percent of all Americans are 65 years of age or older. By
2030, that number will soar to 18 percent .
#7 Right now,
there are somewhere around 40 million senior citizens. By 2050 that
number is projected to increase to 89 million .
#8 Back in 1991,
half of all American workers planned to retire before they reached the age of
65. Today, that number has declined to 23 percent .
#9 According to
one recent survey, 74 percent of American workers expect to continue
working once they are “retired”.
#10 According to a
recent AARP survey of Baby Boomers, 40 percent of them plan to work
“until they drop”.
#11 A poll
conducted by CESI Debt Solutions found that 56 percent of American retirees still had
outstanding debts when they retired.
#12 A study by a
law professor at the University of Michigan found that Americans that are 55
years of age or older now account for 20 percent of all bankruptcies in the United
States. Back in 2001, they only accounted for 12 percent of all
bankruptcies.
#13 Between 1991
and 2007 the number of Americans between the ages of 65 and 74 that filed for
bankruptcy rose by a staggering 178 percent .
#14 What is
causing most of these bankruptcies among the elderly? The number one
cause is medical bills. According to a report published in The American
Journal of Medicine, medical bills are a major factor in more than 60 percent of the
personal bankruptcies in the United States. Of those bankruptcies that
were caused by medical bills, approximately 75 percent of them involved
individuals that actually did have health insurance.
#15 Public
retirement funds all over the United States are woefully underfunded. For
example, it has been reported that the $33.7 billion Illinois
Teachers Retirement System is 61% underfunded and is on the
verge of complete collapse.
#16 Most U.S.
states have huge pension obligations which threaten to bankrupt them. For
example, pension consultant Girard Miller told California’s Little Hoover
Commission that state and local government bodies in the state of
California have $325 billion in combined unfunded pension
liabilities. When you break that down, it comes to $22,000 for every
single working adult in the state of California.
#17 Robert
Novy-Marx of the University of Chicago and Joshua D. Rauh of Northwestern’s
Kellogg School of Management have calculated the combined pension liability
for all 50 U.S. states. What they found was that the 50 states
are collectively facing $5.17 trillion in pension obligations, but they
only have $1.94 trillion set aside in state pension funds. That
is a difference of 3.2 trillion dollars . So
where in the world is all of that extra money going to come from?
#18 According to
the Congressional Budget Office, the Social Security system paid out more in benefits than
it received in payroll taxes in 2010. That was not supposed to
happen until at least 2016. Sadly, in the years ahead these “Social
Security deficits” are scheduled to become absolutely nightmarish as hordes of
Baby Boomers retire.
#19 In 1950, each
retiree’s Social Security benefit was paid for by 16 U.S. workers.
According to new data from the U.S. Bureau of Labor Statistics, there are now
only 1.75 full-time private sector
workers for each person that is receiving Social Security
benefits in the United States.
#20 The U.S.
government now says that the Medicare trust fund will run out five years faster than they were projecting just
last year.
#21 The total cost
of just three federal government programs – the Department of Defense, Social
Security and Medicare – exceeded the total amount of taxes brought in during
fiscal 2010 by 10 billion dollars . In the
years ahead expenses related to Social Security and Medicare are projected to
skyrocket dramatically.
#22 The Pension
Benefit Guaranty Corporation is the agency of the federal government that pays
monthly retirement benefits to hundreds of thousands of retirees that were
covered under defined benefit pension plans that failed. The retirement
crisis has barely even begun and the PBGC is already dead broke. The PBGC
says that it ran a deficit of $26 billion during the fiscal year that just
ended and that it will probably need a huge bailout from the federal
government.
#23 According to a
survey by careerbuilder.com, 36 percent of all
Americans say that they don’t contribute anything at all to retirement
savings.
#24 More than 30
percent of all investors in the United States that are currently in their
sixties have more than 80 percent of their 401k
plans invested in equities. So what is going to happen to them if the
stock market crashes?
#25 A survey taken
earlier this year found that 20 percent of all U.S. workers admitted
that they had postponed their planned retirement age at least
once during the last 12 months. Back in 2008, that number was
only at 14 percent .
Our politicians should have addressed
the retirement crisis decades ago before we got to the point of being in debt up to our
eyeballs.
It is being projected that the U.S.
national debt will hit 344% of GDP by the year 2050, and the
Congressional Budget Office says that U.S. government debt held by the
public will reach a staggering 716% of GDP by the year 2080.
Obviously those figures will never be
reached because our financial system would totally collapse long before then.
So what do we do?
We have tens of millions of elderly
Americans that are completely and totally dependent on Social Security and
Medicare, but those programs also threaten to bankrupt us as a nation.
Anyone that believes that there is a
“quick fix” to these issues is being naive.
The “ supercommittee ” was supposed
to address this problem, but they failed so spectacularly that they have become
a national joke.
Sadly, most of our politicians just keep
kicking the can down the road. They hope that somehow things will just
magically “work out”.
Well, the truth is that things are not
going to “work out”. The poverty level among the elderly is going to
continue to increase. Pension plans all over this nation are going to
continue to fail in staggering numbers. Social Security and Medicare are
going to bleed more red ink with each passing year.
Something should have been done about
this problem a long, long time ago.
But it wasn’t.
This crisis was ignored, dealing with it
was put off time after time and all the doomsayers were laughed at.
Now the crisis is here, and we are all
going to pay the price.’
Presenting Russell Napier's
Greatest Hits Durden Two weeks ago, courtesy of Gresham's Law, we brought to our readers Jim
Grant's greatest hits: a compilation of the most memorable TV appearances by
the famous newsletter writer. Today, we are happy to present another
controversial luminary - Russell Napier: the renowned financial historian and
consultant for CLSA, as well as author of the engrossing Anatomy of the Bear , who only together with Albert Edwards, has predicted
that the S&P would eventually drop to 400 . Napier has articulated some fantastic insights on the
generational cycle, bear market bottoms and currencies in recent years. His
insights, unlike those of TV pundits whose soundbites are only there to fill
the gap between two ad segments, are always something to look forward to.
Something Big Is Coming... and
It's Going to Be BAD Phoenix Capital... 11/18/2011 We have
been getting MAJOR warning signs of a collapse for months now. No less than the
Bank of England, the IMF, and legendary asset management firm Franklin
Templeton have warned that we are...
One Interesting Thing About
the Leading Indicators Report
The Wall Street Journal (Fri, Nov 18) { How about the most
interesting thing about ‘leading economic indicators’ from mooshy mish shedlock
is the weighting accorded M2 and stock prices [who seems to have forgotten his
own ‘unequivocal declaration’ ( Global Recession: Right Here,
Right Now at
Minyanville Mike Shedlock Sep 02, 2011 ) which by the way was correct –almost, actually a depression- and
now equivocates saying ‘I would agree that a slip back into
recession in the 4th quarter is unlikely, assuming of course it is even
possible. Bear in mind, we have not had an official end of this recession declared
yet.’ I believe mish mosh shedlock is a lightweight (link to ‘huffington post’?
What’s up with that?) but he does include the following excerpt from Chris
Puplava which is important, infra (Burt Domen and David Rosenberg are the ‘real
deal’ - Financial Crisis Phase II Is
Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown , predicting the global crisis that
occurred the following year. I now see a similar confluence of events ..
“the new recession has started.”… Over the past 33 years, we have called the
start of every recession..Currently, the GDP deflator is 1.8%, which hardly
reflects the true rise in prices. Therefore, what is counted as “growth,” is
actually price increases. Actual inflation..is now more than 11%. Using that to
adjust GDP for inflation, would show that the economy is now in a very sharp
contraction…’, David Rosenberg: “It’s Time To
Start Calling This For What It Is: A Modern Day Depression” Zero Hedge , David Rosenberg On The
Depression, The ECB, MF Global As A Canary In The Coalmine... All With A
Surprise Ending Durden , This is No Cyclical Recession…
It is a Secular DE-pression Phoenix Capital
Research) :
‘Chris Puplava took a good hard look at the LEI in Fool Me
Once, Shame on You. Fool Me Twice, Shame on Me .
One of the things that many market commentators and
research houses have pointed at to support their bullish outlook on the stock
market are the leading economic indicators. I have had the sneaky suspicion
that the aggressive and unprecedented actions on the part of the Fed have
played a significant role in the LEI given a misleading signal as to an
economic turnaround it is forecasting, while the economic components would
likely paint a different picture. It is important to understand the makeup of
the Conference Board’s Leading Economic Index (LEI) and the weights that each
component makes up of the LEI. Below is the breakdown of the ten indicators
that make up the LEI and their respective weights in the index. As seen below,
the three financial indicators make up approximately 50% of the LEI while the
seven economic components make up the other 50%, with the M2 money supply alone
making up 35.8% of the total LEI. Money makes the world go round, I guess,
according to the LEI. http://1.bp.blogspot.com/_nSTO-vZpSgc/Ss2QhpYTrCI/AAAAAAAAHBw/aXOmraxEhEc/s400/LEI+components.png http://4.bp.blogspot.com/_nSTO-vZpSgc/Ss2R7PXY8qI/AAAAAAAAHB4/vCLw0ub9wzY/s400/LEI-YY-%25change.png
http://4.bp.blogspot.com/_nSTO-vZpSgc/Ss2SVk6uicI/AAAAAAAAHCA/b69hK64Ycto/s400/Zero+Hour.png http://2.bp.blogspot.com/_nSTO-vZpSgc/Ss2S_Aqy0rI/AAAAAAAAHCI/KZv4Rc8hAR0/s400/LEI-YY-%25change2.png
Something Big Is Coming... and
It's Going to Be BAD Phoenix Capital... 11/18/2011 ‘We have
been getting MAJOR warning signs of a collapse for months now. No less than the
Bank of England, the IMF, and legendary asset management firm Franklin
Templeton have warned that we are... Something major is occuring in the markets
today.The US economy peaked in 2007. However, throughout much of 2008, the
stock market continued to rally despite the economic collapse as well as the
financial system imploding.Throughout this period the credit markets jammed up
and implied something VERY BAD was in the system. However, stock investors
continued to pile into stocks because, well, frankly stocks always are the last
to "get it."And when stocks finally did get it... it was quite a
thing.This same environment is occurring today. Only this time the collapse is
sovereign in nature: entire countries are going bust.We have been getting MAJOR
warning signs of a collapse for months now. No less than the Bank of England,
the IMF, and legendary asset management firm Franklin Templeton have warned
that we are facing an epic, hellish crisis.We got the first taste of this in
August when the S&P 500 literally wiped out a year's worth of gains in two
weeks The only thing that brought us back from the brink at that time was the
belief that the EU mess might be solvable and a coordinated intervention from
the world Central Banks.We then had a spirited rally as the Fed and central
banks went "all in" to force the stock market above its 200-DMA.This
final "hurrah" has failed and the financial system is literally
imploding. The EU will be broken up in the next month or so and it is highly
likely Germany will back out of the Euro altogether.Moreover, the world central
banks are now totally out of ammunition. They've spent Trillions of Dollars in
bailouts, abandoned accounting standards, and even moved TRILLIONs in garbage
debt onto the public's balance sheet.None of this has worked. The credit
markets are jammed up just like in 2008. Italy, the third largest bond market
in the world, is on the verge of default. No one wants to fund the EFSF. China
is entering a hard landing and economic collapse. The US is in a clear
depression.And on and on.This is the single most dangerous market environment
of our lifetimes. We are entering a period of massive wealth destruction.
We will see bank holidays and civil unrest. We will see sovereign defaults. We
will see temporary shortages in various goods and services.So if you have not
already taken steps to prepare for systemic failure, you NEED to do so NOW.
We're literally at most a few months, and very likely just a few weeks from
Europe's banks imploding…’
Train Reading: Does Water
Prevent Dehydration? The EU Says No. The Wall
Street Journal [ Wow! Talk about things that don’t matter! Yeah … like
pervasively corrupt, defacto bankrupt america, the eu’s lost its shine … maybe,
employing an american strategy, they were just try to sell more of their
‘gatorade knockoff’! ]
The next financial crisis will
be hellish, and it’s on its way Nov 17th, 2011
(Forbes) —‘ “There is definitely going to be another financial crisis around
the corner,” says hedge fund legend Mark Mobius, “because we haven’t solved any
of the things that caused the previous crisis.”We’re raising our alert status
for the next financial crisis. We already raised it last week after spreads on
U.S. credit default swaps started blowing out. We raised it again after seeing
the remarks of Mr. Mobius, chief of the $50 billion emerging markets desk at
Templeton Asset Management…”Prior to the bursting of the credit bubble, the
public was shocked to learn that our biggest investment banks were levered
30-to-1. When asset values fell, those banks were quickly wiped out. But now
the Fed is holding many of the same types of assets and is levered 51-to-1! If
the value of their portfolio were to fall by just 2%, the Fed itself would be
wiped out.”[ source ]’
The next financial crisis will
be hellish, and it’s on its way
http://news.yahoo.com/next-financial-crisis-hellish-way-204303737.html Addison Wiggin | Forbes – Wed, Nov 16,
2011’ "There is
definitely going to be another financial crisis around the corner," says
hedge fund legend Mark Mobius, "because we haven't solved any of the
things that caused the previous crisis."
We're
raising our alert status for the next financial crisis. We already raised it
last week after spreads on U.S. credit default swaps started blowing out.
We raised it again after seeing the remarks of Mr. Mobius, chief of the $50
billion emerging markets desk at Templeton Asset Management.
Speaking
in Tokyo, he pointed to derivatives, the financial hairball of futures,
options, and swaps in which nearly all the world's major banks are tangled up.
Estimates
on the amount of derivatives out there worldwide vary. An oft-heard estimate is
$600 trillion. That squares with Mobius' guess of 10 times the world's annual
GDP. "Are the derivatives regulated?" asks Mobius. "No. Are you
still getting growth in derivatives? Yes."
In
other words, something along the lines of securitized mortgages is lurking out
there, ready to trigger another crisis as in 2007-08.
What
could it be? We'll offer up a good guess, one the market is discounting.
Seldom
does a stock index rise so much, for so little reason, as the Dow did on the
open Tuesday morning: 115 Dow points on a rumor that Greece is going to get a
second bailout.
Let's
step back for a moment: The Greek crisis is first and foremost about the German
and French banks that were foolish enough to lend money to Greece in the first
place. What sort of derivative contracts tied to Greek debt are they sitting
on? What worldwide mayhem would ensue if Greece didn't pay back 100 centimes on
the euro?
That's
a rhetorical question, since the balance sheets of European banks are even more
opaque than American ones. Whatever the actual answer, it's scary enough that
the European Central Bank has refused to entertain any talk about the holders
of Greek sovereign debt taking a haircut, even in the form of Greece stretching
out its payments.
That
was the preferred solution among German leaders. But it seems the ECB is about
to get its way. Greece will likely get another bailout — 30 billion euros on
top of the 110 billion euro bailout it got a year ago.
It
will accomplish nothing. Going deeper into hock is never a good way to get out
of debt. And at some point, this exercise in kicking the can has to stop. When
it does, you get your next financial crisis.
And
what of the derivatives sitting on the balance sheet of the Federal Reserve?
Here's another factor behind our heightened state of alert.
"Through
quantitative easing efforts
alone," says Euro Pacific Capital's Michael Pento, "Ben Bernanke has
added $1.8 trillion of longer-term GSE debt and mortgage-backed securities
(MBS)."
Think
about that for a moment. The Fed's entire balance sheet totaled around $800
billion before the 2008 crash, nearly all of it Treasuries. Now the Fed holds
more than double that amount in mortgage derivatives alone, junk that the banks
needed to clear off their own balance sheets.
"As
the size of the Fed's balance sheet ballooned," continues Mr. Pento,
"the dollar amount of capital held at the Fed has remained fairly
constant. Today, the Fed has $52.5 billion of capital backing a $2.7 trillion
balance sheet.
"Prior
to the bursting of the credit bubble, the public was shocked to learn that our
biggest investment banks were levered 30-to-1. When asset values fell, those
banks were quickly wiped out. But now the Fed is holding many of the same types
of assets and is levered 51-to-1! If the value of their portfolio were to fall
by just 2%, the Fed itself would be wiped out."
Mr.
Pento's and Mr. Mobius' views line up with our own, which we laid out during interviews on our trip to
China this month.
An Eye on the Next Financial
Crisis by Addison Wiggin originally
appeared in the Daily
Reckoning
Tighter Credit Suggests Stocks
Should Fall The Wall Street
Journal ‘All in all, the US stock-market selloff of the past
couple of days has not been nearly as bad as it could have been, given that
credit-market stress indicators are pushing to levels not seen since the
2008-09 crisis.
It
might only be a matter of time before stocks catch up, however.
The US
market has been buoyed by a string of better-than-expected economic reports
that have helped encourage the belief that the US is a relatively safe haven,
insulated from the problems of Europe.
But
these data are coincident, or lagging, data at best, warns Mike Darda of MKM
Partners. Leading indicators are found in the credit markets and are pointing
to tighter financial conditions — and lower stock prices — in the future:
Pressures on sovereign debt markets in
Europe have created concerns about collateral and capital in
the European banking system, pushing funding spreads sharply
wider (two-year euro interest rate swap spreads hit 114 bps today, a
new 2011 high and not far from the October 2008 peak of 126 bps).
These pressures are also affecting
the U.S. financial system and credit markets. Two-year interest
rate swap spreads in the U.S. have hit new 2011 highs above
50 bps; three-month FRA/OIS spreads (based on expectations of
LIBOR settings) hit 70 bps today. Three-month dollar LIBOR has
set higher every day since late July.
Although U.S. credit markets are not
nearly in the condition that European credit markets are, they are
nonetheless deteriorating, which is one reason we should not take too
much comfort in recent coincident data on sales and production that have
yet to reflect the tighter financial conditions now in place.
U.S. short-term funding indicators
suggest corporate-quality spreads could rise by more than 40%, a move that
would likely spark at least a 10%-15% decline in the S&P 500 from
current levels. FRA/OIS spreads tend to lead corporate spreads by about
one month. They also have led the S&P 500 equity index by about that
interval over most of the last two years. At current levels (near 70 bps),
the FRA/OIS spreads suggest corporate spreads will widen by 40-50%. This
would be tantamount to Baa/Aaa spreads rising to 190 bps from
127 bps, which would mark new highs for the year.
A similar surge in high
yield spreads from here would place them at 669 bps,
also new highs for the year. The S&P 500 equity index,
which tends to move inversely to the level of credit
spreads, would most likely decline by at least 10%-15% if
this scenario unfolds, which would place the S&P
500 back below 1100.
As for the recent patch of
stronger-than-expected economic data, let’s not forget that real
GDP expanded by 3.6% in Q207 and then by 3% in Q307, right as
the business cycle peaked. Credit markets and financial conditions
lead the business cycle; coincident data tell us where we are
or have been. At turning points, coincident data—which
tend to be extrapolated forward by Wall Street
forecasters—can be misleading. And costly.’
The Chart
That Trumps Analysts Call for a Year-End Rally Simon Maierhofer | ETFguide
What
do Tiger Woods and Bill Miller have in common? — Abnormal
Returns { So absolutely preposterous is the notion (as per this
article) of comparison of golf / golfers, to stock trading / traders, I felt
compelled to comment here for the record. I’ve always viewed golf / golfers in
a favorable light. Indeed, as kids we literally ‘did everything’ at the
affluent ‘Arcola Country Club’ [which bordered the ‘Rainbows End’ riding
stables (horses) for hire to the public]. From hunting, to fishing, to
sleigh-riding, to ice-skating / hockey, to campfires on the ice at night, to of
course, golfing ‘the back-nine’ with golf balls amply supplied from ‘the
rough’, we were ‘tacitly approved’ interlopers whose occasional interaction with
the extremely civilized affluent members was always amicably cordial and a
pleasure. While I always liked golf and admire the skill involved, I hardly
considered it a ‘sport’ per se (and for me and my body type, insufficient
exercise for the amount of time spent). Rather, I thought of golf as a
gentleman’s indulgent diversion, and the golf course itself a place of
peaceable beauty. Those are good things. On the other hand, traders and wall
street particularly are so sordid and despicable so as to make any such
comparisons a stretch at best and sheer nonsense at worse. There are very few
successful traders over time as probabilities eventually catch up. Moreover,
‘inside help’ / connections eventually (except for the biggest frauds – ie.,
the big [ still unprosecuted ] boys, ie., goldmans, et als) dry up, fade away
like old (mafia foot) soldiers. Additionally, the high volume computerization /
programmed / manipulated High Frequency Trading have left most not connected to
said churn-and-earn scam / fraud in the dust. No … do not insult golfers by
comparing them with traders; and, do not disparage golf by speciously comparing
it to trading or any other sordid activity connected to fraudulent wall street;
they are as dissimilar as ‘day and night’. }
What
do financial stocks and Russian roulette have in common? — Reformed
Broker
The
Super Committee’s worst-case scenario — The
Atlantic
Should
some bankers be prosecuted? — New York
Review of Books
Learning
to love a lost decade — FT
Alphaville
ADP
chief’s exit followed SC arrest — Footnoted
Live
updates of Occupy Wall Street today, with videos, photos — The
Atlantic , New York
Times
The
markets are getting nothing for Christmas — Market
Anthropology
The
ECB’s monetary policy game for the iPhone is suitably policy constricted — Reuters
Large
Hadron Collider may have found crack in modern physics — Wired
Stocks sink after Fitch warns
on US bank exposure AP
Citi Economist Warns of
Imminent Spanish, Italian Default The Wall Street Journal (11-16-11)
Euro-Dollar Basis Swap Cost at
2008 Crisis Levels The Wall Street Journal
Financials Drag Market Lower,
Fitch Raises Doubts About Euro Hedge Effectiveness The Wall
Street Journal Gongloff (11-16-11)
Stocks Making Risky Bet on
Massive ECB Money Printing The Wall Street Journal
Bob Chapman: Surviving The
Banker Sociopaths The Alex Jones Channel | Alex talks with regular Friday
guest Bob Chapman of the International Forecaster.
Ignore
The Noise Of High Frequency Trading Ken Kamen [
Unfortunately, though not a perfect analogy, that’s like having said, ignore
dillinger, sutton, etc., because the banks will still be open the next day
(after their robberies). The problem is that ‘money’ siphoned off by the
‘churn-and-earn’ has to come from some place; viz., ie., main street, tax
payers, etc.. Dave’s Daily
http://www.etfdigest.com
‘Perhaps this is now the “no news is good news” market since a rally on
Berlusconi’s resignation is beyond irrational. But, we’re long so I shouldn’t
complain too much even though emotionally there isn’t much to like overall. The
only bullish thing is the action of the tape and this is the season when bulls
can make their year. Speaking of HFTs and algos, HFT issues are thoroughly
covered with HFT Alert founder Steve Hammer and myself in the
video interview below. The presentation contains two parts: the first outlines
HFT basics—how they work and their controversial impact on financial markets.
The second part we discuss how traders can benefit or make money by using HFT
Alert’s unique trading services. http://www.youtube.com/watch?feature=player_embedded&v=NzfmT4vGXZY [ ‘Off to the
golf course’, indeed. Those are Mr. Hammer’s concluding remarks. Not because
he’s a trader, but because he’s selling this ‘very functional in terms of
what’s going on’ package. The truth is that even today, at lightning speeds,
there are very few successful traders (as distinguished from investors, and
there is a huge distinction, though much less so today)(over the longer term
and is akin to the apposite old adage, ‘you can win a race but you can’t win at
the races’). Indeed, some companies / brokerages employ them just for the
volume / commissions they produce. Most telling, in this video, is the
beginning wherein it’s explained that in literally a second(s), mere quotes can
give rise to revenue (as with commissions, pieces of the action) which has to
come from someplace. The problem is that ultimately, this ‘churn-and-action’
computer programmed action at ‘lightning speed’ is parasitic inasmuch as it is
without any economic utility whatsoever in real economic terms as are
commissions in ‘after-market stock trading’ (as distinguished from initial
ipo’s) that are tantamount to a tax on the real economy; hence, the benefit to
the frauds on wall street at the expense of and to the detriment of main
street, taxpayers, and the populace in general, as we’ve seen and continue to
see. ‘ Remember,
there is no modern day alchemy that spins worthless paper into gold except
fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. They’re just not that important
and represent, like termites eating away at the nation’s foundation, a drag on
the economy, the nation as one would expect from parasites such as they are’ . What to Expect Next From the
Markets Minyanville Jeffrey Cooper ‘Conclusion: It looks like a program was run
using the least amount of dollars to goose the indices by focusing on some big
cap names like Apple, Amazon, Baidu, IBM, and Caterpillar { Dave’s Daily:’.. The HAL 9000s have been doing business
as HFTs (High Frequency Traders) launching many buy or sell programs using
complex algorithms which can drive prices on indexes higher or lower in
dramatic fashion. One of their great acts is called "quote stuffing".
It's another illegal activity which the SEC hasn't quite figured out. It's as
futile for them as the illegal fee-driven recent end-of-quarter price
jam-job..’} Then there’s the fed complicity in these various wall street scams
by way of QE’s / dollar debasement which of course benefits the frauds on wall
street to the detriment of literally everyone else. ] So, as indicated stock prices shot higher on the Berlusconi news. Gold
prices saw some profit-taking, the dollar was weaker, commodities stronger and
bonds weaker.Volume was on the light side and breadth per the WSJ was quite
positive…’ ]
This is No Cyclical Recession…
It is a Secular DE-pression Phoenix Capital Research To put US
household debt levels into a historical perspective, in order for US households
to return to their long-term average for leverage ratios and their historic
relationship to GDP growth we’d need to write off between
$4-4.5 TRILLION in household debt (an amount equal to about 30% of total
household debt outstanding).
Do
Valuation Metrics Still Apply or Has The Market Become Untradable? ):…
Hit With Big Withdrawals, Fed
Sells Assets, Borrows Cash
ilene : 11/06/2011 -
17:13 We'll have to see what hits the fan this week.
Dave’s Daily http://www.etfdigest.com ‘Perhaps this is now the “no news is good
news” market since a rally on Berlusconi’s resignation is beyond irrational.
But, we’re long so I shouldn’t complain too much even though emotionally there
isn’t much to like overall. The only bullish thing is the action of the tape
and this is the season when bulls can make their year. Speaking of HFTs and
algos, HFT issues are thoroughly covered with HFT Alert founder Steve
Hammer and myself in the video interview below. The presentation contains two
parts: the first outlines HFT basics—how they work and their controversial
impact on financial markets. The second part we discuss how traders can benefit
or make money by using HFT Alert’s unique trading services. http://www.youtube.com/watch?feature=player_embedded&v=NzfmT4vGXZY
[ ‘Off
to the golf course’, indeed. Those are Mr. Hammer’s concluding remarks. Not
because he’s a trader, but because he’s selling this ‘very functional in terms
of what’s going on’ package. The truth is that even today, at lightning speeds,
there are very few successful traders (as distinguished from investors, and
there is a huge distinction, though much less so today)(over the longer term
and is akin to the apposite old adage, ‘you can win a race but you can’t win at
the races’). Indeed, some companies / brokerages employ them just for the
volume / commissions they produce. Most telling, in this video, is the
beginning wherein it’s explained that in literally a second(s), mere quotes can
give rise to revenue (as with commissions, pieces of the action) which has to
come from someplace. The problem is that ultimately, this ‘churn-and-action’
computer programmed action at ‘lightning speed’ is parasitic inasmuch as it is
without any economic utility whatsoever in real economic terms as are
commissions in ‘after-market stock trading’ (as distinguished from initial
ipo’s) that are tantamount to a tax on the real economy; hence, the benefit to
the frauds on wall street at the expense of and to the detriment of main
street, taxpayers, and the populace in general, as we’ve seen and continue to
see. ‘ Remember,
there is no modern day alchemy that spins worthless paper into gold except
fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. They’re just not that important
and represent, like termites eating away at the nation’s foundation, a drag on
the economy, the nation as one would expect from parasites such as they are’ . What to Expect Next From the
Markets Minyanville Jeffrey Cooper ‘Conclusion: It looks like a program was run
using the least amount of dollars to goose the indices by focusing on some big
cap names like Apple, Amazon, Baidu, IBM, and Caterpillar { Dave’s Daily:’.. The HAL 9000s have been doing business
as HFTs (High Frequency Traders) launching many buy or sell programs using
complex algorithms which can drive prices on indexes higher or lower in
dramatic fashion. One of their great acts is called "quote stuffing".
It's another illegal activity which the SEC hasn't quite figured out. It's as
futile for them as the illegal fee-driven recent end-of-quarter price
jam-job..’} Then there’s the fed complicity in these various wall street scams
by way of QE’s / dollar debasement which of course benefits the frauds on wall
street to the detriment of literally everyone else. ]
So, as indicated stock prices shot higher on the
Berlusconi news. Gold prices saw some profit-taking, the dollar was weaker,
commodities stronger and bonds weaker.Volume was on the light side and breadth
per the WSJ was quite positive…’
Barclays Says Italy Is
Finished: "Mathematically Beyond Point Of No Return" Durden
Unique Historic Precedents
Suggest Lower Prices
http://finance.yahoo.com/news/Unique-Historic-Precedents-etfguide-1382828970.html?x=0&.v=1
12 Reasons To Be Extremely
Pessimistic About The Direction That The Economy Is Headed The American Dream
It
would be great if there was some reason to be optimistic about things, but our
leaders continue to pursue the same failed policies that got us into this mess
in the first place.
The
statistics that you are about to read should alarm you. The American
people have gotten it into their heads that things are bad and that they are
going to get even worse.
Unfortunately,
the American people are correct about that.
The
following are 12 reasons to be extremely pessimistic about the direction that
the economy is headed right now….
#1 A big chunk of the American people are flat broke.
According to one recent survey, one-third of all Americans say that they
have absolutely no spare cash.
#2 The budgets of American families are being stretched
incredibly thin and the savings rate is going down again. In fact, the
savings rate in September was the lowest that it has been since December 2007 .
#3 Back in 2001, Gallup began asking Americans about how
they feel about the state of their own personal finances. In October,
Gallup once again asked this question, and 22 percent of the respondents rated their personal
financial situations as “poor”. That is the highest number that Gallup
has ever seen. In addition, the gap between the number of Americans that
said that their finances were “getting worse” and the number of Americans that
said their finances were “getting better” was also the largest that Gallup has
ever seen.
#4 Overall, Americans are very depressed about the state of
the U.S. economy. According to a recent Associated Press-GfK poll, 43 percent of all Americans believe that the
economy is in “very poor” shape.
#5 Big corporations continue to lay off more American
workers. For example, Whirlpool has just announced that it will be
slashing 5,000 more jobs in the United States and Europe.
#6 Americans seem to have an incredibly dim view of the job
market. One recent survey discovered the following….
This month, just 9% of Americans
would rate the job market of their region of the nation as good while 67% would
rate it as bad and one-quarter (24%) say it is neither good nor bad.
#7 If nearly all
Americans believe that something bad is going to happen, does that make it more
likely that it actually will happen? A recent IBOPE Zogby Interactive
Poll found that 95 percent of all Americans are “somewhat
concerned” or “very concerned” that we are headed for a double-dip recession.
#8 The American
people are also overwhelmingly pessimistic about the housing market. In
fact, the same IBOPE Zogby Interactive Poll referenced above found that 89 percent of all Americans are “somewhat
concerned” or “very concerned” that there will be an increase in foreclosures
over the next two years.
#9 Older
Americans tend to be cranky in general, but the amount of pessimism that they
are exhibiting about the economy right now is absolutely stunning. The
following comes from a recent article in the Huffington Post ….
Older workers are gloomier about
the economy now than they were last year.
Nearly two thirds of workers older
than 50 first surveyed by AARP’s Public Policy Institute in 2010 said things
had gotten worse by the time the senior lobbying powerhouse followed up in
August. Fewer than one in 10 said their view of the economy had improved. The
rest said things had stayed the same.
#10 The consensus
among the American people seems to be that the economy will get even worse
leading up to the election in 2012. The following is what one recent telephone survey discovered….
By a 49%-35% margin, Americans say
they expect the U.S. economy to worsen between now and the November 2012
presidential election.
#11 The U.S. national
debt is an anchor around our necks that just gets heavier and
heavier as time goes by. The U.S. government is now about 15 trillion
dollars in debt, and a recent Allstate-National Journal poll discovered
that 79 percent of all Americans “believe the federal
debt and deficit have a meaningful impact on their personal finances.”
#12 The financial
crisis in Europe just seems to get worse by the day . The United States is already
teetering on the edge of an economic disaster, and if Europe experiences a big
time financial crash it seems extremely unlikely that we would be able to avoid
another major recession.
Things simply do not look very promising
for the economy right now.
As I wrote about recently, there are a
lot of signs that the American people are already extremely angry and frustrated by what is
happening to the economy.
So what is going to happen if things get
significantly worse?
Unfortunately, there simply are not any
“quick fixes” which are going to put us back “on course”. The
consequences that we are experiencing now are the result of decades of bad
decisions. The American people kept sending incompetents, con men and
charlatans back to Washington D.C. over and over and over and now we are going
to pay the price.
The prosperity of the last 30 years was
a false prosperity. We squandered our national inheritance and we lived the
“high life” by piling up mountains of debt unlike anything that the world has
ever seen before.
In the end, there is always a very high
price for “living for today” at the expense of the future. Tomorrow
always ends up arriving way too soon, and future generations will curse us for
being so foolish.
The party was great while it lasted, but
it is coming to an end.
A whole lot of economic trouble is on
the horizon, and it is going to be very, very painful.’
Don't Be Fooled - Here's The
Real Reason For This Week's Meltdown – ETFguide Simon
Maierhofer, 11-1-11
‘ A picture says more than a thousand words and a chart
explains more than a thousand analysts' opinions (literally). Profitable
investing depends on the credibility of your research sources. This article
will contrast the one chart that's predicted every recent turn weeks in advance
and conventional Wall Street wisdom.
Wall Street 'Wisdom'
Wall
Street made us believe that last Thursday's 3% rally across the board - Dow
Jones (DJI: ^DJI), S&P (SNP: ^GSPC), Nasdaq (Nasdaq: ^IXIC), banks
(NYSEArca: KBE - News ), financials (NYSEArca: XLF - News ), technology (NYSEArca: XLK - News ), you name it - was because of a
comprehensive European (NYSEArca: VGK - News ) debt deal that would solve all
problems.
Here
are some of the headlines that reflect Wall Street's 'wisdom:'
Forbes:
'Europe three-point debt salvation plan lets bulls free'
Breakout:
'Don't fight the rally: Stocks soar after Europe deal'
Reuters:
'Wall Street soars on hopes EU finally has a fix'
ETFTrends:
'S&P 500 ETFs rally over the 200-day average opens door for year-end rally'
(more about the significance of the 200-day average in a moment)
Zachs:
'S&P 1,350 is not a stretch'
Even
Greece's Prime Minister George Papandreou was moved to confirm that: 'The debt
is absolutely sustainable now. Greece can settle its accounts from the past
now, once and for all.'
Today,
news that Greece could default on its debt and drop out of the European
currency hit the fan.
Trend Following Technicals Turn Up
In all
fairness, trend following technicals did turn up. It was even possible to
interpret the market's push as a technical breakout. The October 30 ETF Profit
Strategy update acknowledged and warned that: 'Trend following technicals,
momentum, sentiment and seasonality suggest higher prices. But trend following
technicals can be treacherous and we'll do well to view this rally with
suspicion.'
In
addition to just being suspicious, the update recommended to go short if the
S&P falls below 1,270. S&P 1,270 is not just some random number, it was
crucial support. The chart below, featured in the October 14 ETF Profit
Strategy Newsletter, shows why:
The Most Reliable Roadmap
The chart
shows several distinct parallels between the 2007/08 market top and today.
https://www.etfguide.com//contributor/UserFiles/8/Image/222.gif
1) In
2007/08 the S&P touched the yellow trend line twice before slicing through
it. The same occurred in 2011.
2) A
break below the yellow trend line in 2008 led to a freefall decline. The same
occurred on August 2, 2011. On July 31, the ETF Profit Strategy update warned
that: 'A break below the 200-day SMA and the trend line may trigger panic
selling.'
3) The
initial 2008 low was followed by sideways trading and another low. The same
occurred in 2011. The August 9 low at S&P 1,102 was followed by another low
on October 4 at 1,077.
The
October 2 ETF Profit Strategy update expected this low and foretold that: 'The
ideal market bottom would see the S&P dip below 1,088 intraday, followed by
a strong recovery and a close above 1,088.'
4)
This low was followed by a retest of the yellow trend line in 2008. The
equivalent 2011 yellow trend line ran through S&P 1,270.
The
October 2 update stated that: 'From a technical point of view this counter
trend rally should end somewhere around 1,275 - 1,300.'
The
October 14 update warned that it wouldn't 'feel' right to short the S&P
above 1,270: 'By the time the S&P gets to rendezvous with the yellow trend
lines, optimism (at least to a certain degree) will be back and the media will
probably tell us that a larger European debt crisis has been averted. It will
take a strong contrarian conviction to short the markets at that time.'
Of
course there's more to investing than blindly following a previous pattern that
may or may not come true.
But as
long as other research components such as seasonality and sentiment confirmed
what the 2008 outline predicted, there was no reason to doubt it.
The Bottom Might Fall Out
Based
solely on the 2008 script, stocks are due for much lower prices…’
Nobel Prize-Winning Economist:
“War Is Widely Thought To Be Linked To Economic Good Times … NONSENSE” Washington’s
Blog | Contrary to a Common Myth, War is Bad for the Economy Washington’s Blog
Contrary to a Common Myth, War is Bad for the Economy
Nobel
prize winning economist Paul Krugman wrote yesterday:
Military spending does create jobs when
the economy is depressed. Indeed, much of the evidence that Keynesian economics
works comes from tracking the effects of past military buildups.
(Mr. Krugman has said the same thing many times in the past . And many other influential people have said the same thing .)
I am not a Nobel prize winning economist
… but Joseph Stiglitz is.
Stiglitz wrote in 2003:
War is widely thought to be linked to
economic good times. The second world war is often said to have brought the
world out of depression, and war has since enhanced its reputation as a spur to
economic growth. Some even suggest that capitalism needs wars, that without
them, recession would always lurk on the horizon.
Today, we know that this is nonsense.
The 1990s boom showed that peace is economically far better than war. The Gulf
war of 1991 demonstrated that wars can actually be bad for an economy.
Stiglitz has also said that this
decade’s Iraq war has been very bad for the economy. See this , this and this .
A No-Brainer This is a no-brainer, if you think about
it.
We’ve been in Afghanistan for
almost twice as long as World War II. We’ve been in Iraq for years
longer than WWII. We’ve been involved in 7 or 8 wars in the
last decade. And yet still in a depression . (And see
this ).
If wars really helped the economy, don’t
you think things would have improved by now?
Indeed, the Iraq war alone could end
up costing more than World War II . And given the other wars we’ve
been involved in this decade, I believe that the total price tag for the
so-called “War on Terror” will definitely support that of the “Greatest War”.
Additional Reasons War Is Bad for the Economy The New Republic noted in 2009:
Conservative Harvard economist Robert
Barro has argued that increased military spending during
WWII actually depressed other parts of the economy.
Also from the right, Robert Higgs has
done good work showing that military spending wasn’t the primary source of the recovery and that GDP growth
during WWII has been “ greatly exaggerated .”
And from the left, Larry Summers and
Brad Delong argued back in 1988
that “five-sixths of the decline in output relative to the trend that occurred
during the Depression had been made up before 1942.”
Economist James Galbraith has shown
that war always causes inflation,
which hurts the average American :
Inflation applies the law of the jungle
to war finance. Prices and profits rise, wages and their purchasing power fall.
Thugs, profiteers and the well connected get rich. Working people and the poor
make out as they can. Savings erode, through the unseen mechanism of the
“inflation tax” — meaning that the government runs a big deficit in nominal
terms, but a smaller one when inflation is factored in.
(Ben Bernanke says that inflation is a tax, and Dylan
Grice notes that inflation causes societies to prosecute minorities .
And – sorry – but we can’t inflate our way out of our debt trap .)
As I noted last year:
All of the spending on unnecessary wars
adds up.
The U.S. is adding trillions to its debt
burden to finance its multiple wars in Iraq, Afghanistan, Yemen, etc.
Two top American economists – Carmen
Reinhart and Kenneth Rogoff – show that the more indebted a country is, with a
government debt/GDP ratio of 0.9, and external debt/GDP of 0.6 being critical
thresholds, the more GDP growth drops materially.
Specifically, Reinhart and Rogoff write :
The relationship between government debt
and real GDP growth is weak for debt/GDP ratios below a threshold of 90 percent
of GDP. Above 90 percent, median growth rates fall by one percent, and average
growth falls considerably more. We find that the threshold for public debt is
similar in advanced and emerging economies…
Indeed, it should be obvious to anyone
who looks at the issue that deficits do matter .
A PhD economist [Michel Chossudovsky]
told me:
War always causes recession.
Well, if it is a very short war, then it may stimulate the economy in the
short-run. But if there is not a quick victory and it drags on, then wars
always put the nation waging war into a recession and hurt its economy.
You know about America’s unemployment
problem. You may have even heard that the U.S. may very well have suffered
a permanent destruction of jobs .
But did you know that the defense
employment sector is booming?
As I pointed
out in August, public sector spending – and mainly defense
spending – has accounted for virtually all of the new job creation in the past
10 years:
The U.S. has largely been financing job
creation for ten years. Specifically, as the chief economist for BusinessWeek,
Michael Mandel, points out, public spending has accounted for virtually all new
job creation in the past 10 years:
Private sector job growth was almost
non-existent over the past ten years. Take a look at this horrifying chart:
http://www.businessweek.com/the_thread/economicsunbound/archives/longjobs1.gif
Between May 1999 and May 2009,
employment in the private sector sector only rose by 1.1%, by far the lowest
10-year increase in the post-depression period.
It’s impossible to overstate how bad
this is. Basically speaking, the private sector job machine has almost
completely stalled over the past ten years. Take a look at this chart:
http://www.businessweek.com/the_thread/economicsunbound/archives/longjobs2.gif
Over the past 10 years, the private
sector has generated roughly 1.1 million additional jobs, or about 100K per
year. The public sector created about 2.4 million jobs.
But even that gives the private sector
too much credit. Remember that the private sector includes health care, social
assistance, and education, all areas which receive a lot of government support.
***
Most of the industries which had
positive job growth over the past ten years were in the HealthEdGov sector. In
fact, financial job growth was nearly nonexistent once we take out the health
insurers.
Let me finish with a final chart.
http://www.businessweek.com/the_thread/economicsunbound/archives/longjobs4.gif
Without a decade of growing government
support from rising health and education spending and soaring budget deficits,
the labor market would have been flat on its back.
Indeed, Former Secretary of Labor Robert
Reich lamented last year
America’s biggest — and only major —
jobs program is the U.S. military.
Back to my essay:
Raw Story argues that the U.S. is
building a largely military economy:
The use of the military-industrial
complex as a quick, if dubious, way of jump-starting the economy is nothing
new, but what is amazing is the divergence between the military economy and the
civilian economy, as shown by this New York Times chart.
In the past nine years, non-industrial
production in the US has declined by some 19 percent. It took about four years
for manufacturing to return to levels seen before the 2001 recession — and all
those gains were wiped out in the current recession.
By contrast, military manufacturing is
now 123 percent greater than it was in 2000 — it has more than doubled while
the rest of the manufacturing sector has been shrinking…
It’s important to note the trajectory —
the military economy is nearly three times as large, proportionally to the rest
of the economy, as it was at the beginning of the Bush administration. And it
is the only manufacturing sector showing any growth. Extrapolate that trend,
and what do you get?
The change in leadership in Washington
does not appear to be abating that trend…[ 121 ]
So most of the job creation has been by
the public sector. But because the job creation has been financed with loans
from China and private banks, trillions in unnecessary interest charges have
been incurred by the U.S.And this shows military versus non-military durable
goods shipments:
http://marketoracle.co.uk/images/2010/Jan/us-collapse-18-11.gif
[ Click here to view full image.]
So we’re running up our debt (which will
eventually decrease economic growth), but the only jobs we’re creating are
military and other public sector jobs.
PhD economist Dean Baker points out that America’s massive military
spending on unnecessary and unpopular wars lowers economic growth
and increasesunemployment:
Defense spending means that the
government is pulling away resources from the uses determined by the market and
instead using them to buy weapons and supplies and to pay for soldiers and
other military personnel. In standard economic models, defense spending is a
direct drain on the economy, reducing efficiency, slowing growth and costing
jobs.
A few years ago, the Center for Economic
and Policy Research commissioned Global Insight, one of the leading economic
modeling firms, to project the impact of a sustained increase in defense
spending equal to 1.0 percentage point of GDP. This was roughly equal to the
cost of the Iraq War.
Global Insight’s model projected that
after 20 years the economy would be about 0.6 percentage points smaller as a
result of the additional defense spending. Slower growth would imply a loss of
almost 700,000 jobs compared to a situation in which defense spending had not
been increased. Construction and manufacturing were especially big job losers
in the projections, losing 210,000 and 90,000 jobs, respectively.
The scenario we asked Global Insight
[recognized as the most consistently accurate forecasting
company in the world] to model turned out to have vastly underestimated the
increase in defense spending associated with current policy. In the most recent
quarter, defense spending was equal to 5.6 percent of GDP. By comparison,
before the September 11th attacks, the Congressional Budget Office projected
that defense spending in 2009 would be equal to just 2.4 percent of GDP. Our
post-September 11th build-up was equal to 3.2 percentage points of GDP compared
to the pre-attack baseline. This means that the Global Insight projections of
job loss are far too low…
The projected job loss from this
increase in defense spending would be close to 2 million. In other words,
the standard economic models that project job loss from efforts to stem global
warming also project that the increase in defense spending since 2000 will cost
the economy close to 2 million jobs in the long run.
The Political Economy Research Institute
at the University of Massachusetts, Amherst has also shown that non-military spending creates more jobs than
military spending.
So we’re running up our debt – which
will eventually decrease economic growth – and creating many fewer jobs than if
we spent the money on non-military purposes.
As I wrote last year:
It is ironic that America’s huge
military spending is what made us an empire … but our huge military is what is
bankrupting us … thus destroying our status as an empire.
Even Admiral Mullen seems to agree:
The Pentagon needs to cut back on
spending.
“We’re going to have to do that if it’s
going to survive at all,” Mullen said, “and do it in a way that is
predictable.”
Indeed, Mullen said :
For industry and adequate defense funding
to survive … the two must work together. Otherwise, he added, “this wave
of debt” will carry over from year to year, and eventually, the defense budget
will be cut just to facilitate the debt.
Former Secretary of Defense Robert Gates
agrees as well. As David Ignatius wrote in the Washington Post in May:
After a decade of war and financial
crisis, America has run up debts that pose a national security problem, not
just an economic one.
***
One of the strongest voices arguing for
fiscal responsibility as a national security issue has been Defense Secretary
Bob Gates. He gave a landmark speech in Kansas on
May 8, invoking President Dwight Eisenhower’s warnings about the
dangers of an imbalanced military-industrial state.
“Eisenhower was wary of seeing his
beloved republic turn into a muscle-bound, garrison state — militarily strong,
but economically stagnant and strategically insolvent,” Gates said. He warned
that America was in a “parlous fiscal condition” and that the “gusher” of
military spending that followed Sept. 11, 2001, must be capped. “We can’t have
a strong military if we have a weak economy,” Gates told reporters who covered
the Kansas speech.
On Thursday the defense secretary
reiterated his pitch that Congress must stop shoveling money at the military,
telling Pentagon reporters: “The defense budget process should no longer be
characterized by ‘business as usual’ within this building — or outside of it.”
While some might want to start another war,
America’s top military leaders and economists say that would be a very bad
idea.
Indeed, military strategists have known for 2,500
years that prolonged wars are disastrous.
Note 1: Security experts – conservative
hawks and liberal doves alike – agree that waging war in the Middle
East weakens national security and increases terrorism.
See this , this , this , this , this , this and this .
Terrorism – in turn – terrorism is bad
for the economy. Specifically, a study by Harvard and
the National Bureau of Economic Research (NBER) points out:
From an economic standpoint, terrorism
has been described to have four main effects (see, e.g., US Congress, Joint
Economic Committee, 2002). First, the capital stock (human and physical) of a
country is reduced as a result of terrorist attacks. Second, the terrorist
threat induces higher levels of uncertainty. Third, terrorism promotes
increases in counter-terrorism expenditures, drawing resources from productive
sectors for use in security. Fourth, terrorism is known to affect negatively
specific industries such as tourism.
The Harvard/NBER concludes:
In accordance with the predictions of
the model, higher levels of terrorist risks are associated with lower levels of
net foreign direct investment positions, even after controlling for other types
of country risks. On average, a standard deviation increase in the terrorist
risk is associated with a fall in the net foreign direct investment position of
about 5 percent of GDP.
So the more unnecessary wars American
launches and the more innocent civilians we kill, the less foreign investment
in America, the more destruction to our capital stock, the higher the level of
uncertainty, the more counter-terrorism expenditures and the less expenditures
in more productive sectors, and the greater the hit to tourism and some other
industries.
Moreover :
Terrorism has contributed to a decline
in the global economy (for example, European Commission, 2001).
So military adventurism increases
terrorism which hurts the world economy. And see this .
Note 2: True conservatives are anti-war .’
SPX and
NDX Update: A Disturbing Look at Fundamentals, and the Rally Explained Jason Haver Oct 31, 2011 ‘ John Mauldin,
whom I have a great deal of respect for, put forth a very convincing and
enlightening argument this weekend (see European
Summit: A Plan With No Details .) I'm going to
try to summarize his argument as succinctly as possible, but do note that the credit for this
information goes to him.
Don’t count on us to help you
out of your single-currency hole, China tells Europe UK Daily Mail
| The decision to ask China for cash was seen as a watershed moment in the
shift of economic power.
Graham Summers’ Weekly Market
Forecast (Wake Up Call Edition) Phoenix Capital... 10/31/2011 The
markets flew into this deal based on rumors and short-covering and are now
waking up to the plain obvious facts that you cannot solve a debt problem with
more debt. ‘ So the
financial world has collectively woken up and realized that the latest EU
bailout scheme is fraught with problems and loose ends. Amongst the various
problems are:
1)
The Greek private bondholders are furious that the ECB isn’t taking a haircut
on its bonds too.
2)
German courts and voters aren’t too pleased with Merkel’s decision to go “all
in” on the Euro experiment.
3)
The Greek default isn’t nearly large enough to render Greece solvent again
4)
The default has set a precedent for the other PIIGS countries to follow
5)
The CDS/ derivative issue regarding Greece’s default is not over by any stretch
6)
The entire EU banking system remains far too leveraged (26 to 1) and needs
another $1.5+ trillion in capital at the minimum.
The markets
flew into this deal based on rumors and short-covering and are now waking up to
the plain obvious facts that you cannot solve a debt problem with more debt.
Also, it might be worth considering just where the EFSF
bailout money will be coming from when various EU members can’t even stage
successful bond auctions without the ECB stepping in.
Again, the
primary issue for the EU is a lack of capital. There is TOO MUCH debt there.
And issuing more debt, no matter how cheap, is not going to help. Especially
when your strongest member (Germany) sports a REAL debt to GDP above 200% and
hasn’t recapitalized its banks.
So the EU will
be crumbling in the coming weeks. This was the final hurrah for the EU and the
Euro in its current form. On that note, the Euro was rejected at resistance at
142 and has already taken out support at 140.
http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/10/sc-4.png
Once we take
out 139, look for this breakdown to pick up steam (pulling stocks with it).
http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/10/sc-5.png
Indeed, the
financial world is talking about how this was the biggest move in stocks since
1974. Unfortunately, few remember that after that move in 1974, the markets
cratered.
Some thoughts
on stocks… isn’t it a little strange that the
market fell exactly 20% (the “official” bear market level) before kicking off
the biggest ramp job in 30 years? How about the fact that this move came for no
real reason other than rumors of another bailout (what are we
on #3 for this?).
Can this move really be attributed
to Euro choosing to let Greece default (which is what happened in reality)?
http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/10/sc-7.png
Regardless,
stocks were deflected from resistance at 1,275 or so. They’re now on their way
down again. The market is extremely overbought and susceptible to a fast violent
move downwards.
Indeed, the
credit markets remain jammed up and are anticipating even more haircuts from
Greece. And the rest of the PIIGS will be following suit in the default game.
Ignore stocks,
they’re ALWAYS the last to “get it.” The credit markets are jamming up just
like they did in 2008. The banking system is flashing all the same signals as
well.
So if you have
not already taken steps to prepare for systemic failure, you NEED to do so NOW.
We're literally at most a few months, and very likely just a few weeks from
Europe's banks imploding.
What happened
in 2008 was literally just the warm up. The REAL DEAL is coming in the next 14
months. And it’s going to involve corporate, financial, and sovereign
defaults…’
You Won’t BELIEVE How Much
Money Jon Corzine Could Walk Away With From MF Global Business
Insider | The big story of the day in finance is the bankruptcy of MF Global.
China Says Not So Fast On Rescue
http://www.thestreet.com/_yahoo/video/11292710/buy-and-hold-is-dead-buy-and-hedge-instead.html?cm_ven=YAHOOV&cm_cat=FREE&cm_ite=NA&s=1#1250281566001 , MF Global Caught in Death Spiral , Sell
H-P! Against the Grain , Mon 10/31/11
Are Ratings
Agencies Taking Bribes? Wall St. Cheat Sheet’ October 31, 2011, ‘ Credit-rating companies like Moody’s Investors Service and Fitch
Ratings routinely award higher rankings to debt issued by banks and
corporations that pay them the most, a conflict of interest that Congressional
may be unable to do anything about.
Why Last Week's Euro Fix Won't
Do the Trick ETFguide Simon Maierhofer, On Monday October 31, 2011, ‘ The S&P (SNP: ^GSPC) surged over 3%
last Thursday. Why? In a financial episode that starts to look more and more
like the 1993 movie Groundhog Day, European leaders once again received credit
for engineering this rally.
More
specifically, the euro-zones three-pronged approach to fix the debt crisis was
viewed by the market as the cure to all problems.
However,
a closer look at the Brussels salvation plan reveals nothing but flaws. So why
did stocks rally and will the rally last?
3 Steps to Save Europe
Here's
the plan outlined by European leaders last Thursday:
1)
Private investors agree to a 50% haircut on their Greek bond holdings.
2) The
European Financial Stability Facility (EFSF) will be increased to $1.4
trillion.
3)
European banks need to bring their Tier 1 capital ratios up to 9%.
3 Problems of the 3 Steps to Save Europe
1)
Private sector creditors such as insurers, banks, and funds are expected to
take losses of about $140 billion on Greek bonds. To protect against such
losses, large institutions tend to buy credit default swaps (CDS). CDS act like
insurance.
However,
since Greece did not technically default, the International Swaps and
Derivatives Association (ISDA) is unlikely to consider the restructuring an
event that will trigger CDS payouts.
In
other words, CDS (the insurance policy of choice for financial conglomerates)
won't pay. This could lead to an implosion of the sovereign CDS market. This in
turn would severely reduce demand for government bonds. Who wants to buy risky
bonds knowing that the 'insurance company' won't pay?
2) The
EFSF was funded with about $616 billion. About $266 billion have already been
spent or earmarked; so about $350 billion remain to be spent. Who will
contribute the $1.05 trillion to attain the targeted $1.4 trillion? Nobody.
The
remaining $350 billion will be leveraged 4-5 times to produce the $1.4 trillion
leveraged figure. Leveraged how? This has yet to be determined.
3)
European banks - along with U.S. banks (NYSEArca: KBE - News ) and financial institutions (NYSEArca: XLF - News ) are already cash strapped. Bringing up
their Tier 1 capital ratio will probably turn into a financial engineering
exercise as raising actual cash - especially in Europe - is difficult…’
U.S. and Europe …
“Self-Induced Stagnation,” says Economist Editor The Daily
Ticker
Markets Remain in Cyclical
Bear Market Kevin
Tuttle ‘ “Don’t be afraid of missing opportunities. Behind every
failure is an opportunity someone wishes they missed. ”–Lily Tomlin
Europe Will Make Lehman Look
Like a Joke http://gainspainscapital.com/?p=1010 Summers 10-28-11 ‘So now that one day has passed and we’ve seen a ridiculous 3%
move in stocks based on a “bailout” that is nothing short of moronic (Greece is
still insolvent and didn’t take a big enough default), the financial world is
actually asking itself questions such as:Does giving a
bankrupt nation more money right after it defaults a good idea?
Does requiring
an additional $100+ billion in capital for banks that need north of $1.77
trillion in new capital really accomplish anything?
Do bailouts
involving more leverage and debt work when the entire banking system is
insolvent?
Is It Foolish to Get Excited
About the Latest Deal to Save Europe? ETFguide http://finance.yahoo.com/news/Is-It-Foolish-to-Get-Excited-etfguide-2444921710.html?x=0&.v=1 Simon Maierhofer, On Thursday October 27, 2011 ‘Before you get excited about the last
minute Euro-Deal, consider this:
Wall
Street has been dancing to Greece's (and by extension Europe's) whistle. If
Greece says 'jump,' Wall Street jumps, if Greece says 'Sorry, false alarm,'
Wall Street cries.
This
sorry dance has been going on for nearly two years. Like an endless loop of
chicken dance, this may be fun at first (about 2 minutes) but gets old real
fast. If you are tired of Wall Street's 'chicken dance coverage' and want to
know what's really going on and how to make money (or protect your assets),
here's a no nonsense assessment of Europe.
Greece - Fool Me Once ...
Fool
me once, shame on Greece, fool me twice, shame on me. Greece has been the
scapegoat for every major sell off and catalyst for most rallies and dead dog
bounces since January 2010.
Shame
on you if you think everything's going to be hunky-dory just because Greece
and/or its European pretend-to-be saviors announce another plan to come up with
a plan.
The Problem
Here's
the problem: Greece is broke and Greece has no significant revenue sources to
pay off its debt. Foreign investors own about $385 billion worth of Greek
government debt.
Many
banks and governments that own Greek debt are at the brink of insolvency
already, so Greece's inability to pay its debt may push other countries and
their banks into a Greece-like position (that's called contagion).
Misleading Information
You
can't trust statements from European officials because they are trying to
prevent panic. Panic will make any kind of solutions more expensive and more
difficult to execute.
Luxembourg's
Prime Minister (also Chairman of regular eurozone meetings) blatantly admitted
that: 'When it becomes serious, you have to lie.'
Obviously
no political leader wants the eurozone to fall apart on their watch, so they
pretend and extend and kick the can down the road far enough for it become
someone else's problem (someone else will inevitably include rosy-eyed
investors).
This
postpones the inevitable, but the portfolios of investors who are faithful
enough to trust such assessments suffer a death of thousand cuts. Just imagine
where your portfolio would be if you sold everything when Greece first
announced it had some 'minor' fiscal problems. Like tearing a bandage off a
hairy leg, slower is more painful.
You also
can't trust the media because they profit from sensationalist headlines, not
sound investment advice. If that means they have to spoon-feed a consistent
diet of 'Stocks bounce on hopes for a Europe fix' followed by 'Stocks plummet
on fears over Europe,' then that's what they'll do. Fortunately we can choose
not to partake from the junk food dished out by the media.
On a
different note, have you noticed how bad news (such as downgrades) is reported
after the close (particularly Fridays), while good news (or even just good
rumors) are reported while the markets are open.
The (Only?) Plan
Let's
just be realistic and just admit that Greece is as good as bankrupt. The
country just doesn't have enough income to pay its debt load and keep the
country functioning properly without outside financial support.
Eventually
Greece's saviors will realize that this is a leaky bucket-like money pit. A
sudden and unprepared Greek bankruptcy would shatter the eurozone unless Greece
is quarantined first. The goal here would be to sequester ripple effects that
would cripple Italy, Belgium, Portugal, Spain and whoever else is hiding in the
closet.
Doing
this wouldn't be cheap. To prepare for a such a quarantine (which is a more
diplomatic term than ejection) from the eurozone, Europe (via the EFSF) would
have to prepare and fund a fund that can pay for:
1)
Defaulting Greek government debt
2)
Shoring up banks that won't qualify for inter-bank credit
2)
Make sure Italy and the next dominos in line are safe
Statfor
Global Intelligence estimates the price tag to be about - drum roll - $3
trillion. The chart below visually explains the above-described process. Can
Europe scrape together $3 trillion?
https://www.etfguide.com//contributor/UserFiles/8/Image/Greek%20Domino.gif
Doomed if You Do, Doomed if You Don't
I
don't think it matters much, because the above plan doesn't take into account
human emotions, panic, in particular. European banks' deposits at the European
Central Bank (ECB) have already mushroomed. This means that already one bank
doesn't trust another bank with their money.
The
combination of liquidity drying up and assets imploding is a lethal one. What about
those saying 'Things aren't that bad.'
Just
consider Dexia. Dexia pased the European bank stress test with flying colors
but still had to be rescued. Dexia is supposed to be rescued partially by the
country of Belgium, but Belgium's national debt is already 100% of GDP.
Depending on Dexia's actual losses, Belgium's national debt may soar to 120% of
GDP just by having to bail out one bank. Do you know how many banks there are
in Europe?
How To Make (or Protect Your) Money
The
ETF Profit Strategy Newsletter doesn't specialize on European coverage, but
it's provided some much needed common sense. On March 18, 2010 it stated that:
'Until now financial problems in various European countries have been minimized
and swept under the carpet. The sub-prime crisis took more than a few weeks to
rattle Wall Street. Chances are the investing world will need a bit more time
to catch on to what really is happening with sovereign debt overseas.'
On
July 17, the ETF Profit Strategy Newsletter recommended to short the iShares
MSCI EAFE and iShares MSCI Emerging Markets (NYSEArca: EEM - News ). Over the next couple weeks, EFA lost
22% and EEM 39%.
Under
the headline 'Prepare for Bottom Fishing,' the newsletter recommended on
September 23 to prepare for a market bottom and stated that: 'European stock
market may get some relief over the next weeks/month. The same is true for EFA
and EEM. Those markets are temperamental and will therefore bounce higher than
U.S. stocks when the rally materializes. Aggressive investors may add some
European/emerging or BRIC market exposure to their portfolio once we start
buying U.S. stocks.'
We
bought U.S. stocks on October 4 at S&P 1,088. The October 2 ETF Profit
Strategy update outlined the ideal market bottom as follows: 'The ideal market
bottom would see the S&P dip below 1,088 intraday followed by a strong
recovery and a close above 1,088' and recommended to buy as soon as the S&P
moved back above 1,088.
The
The October 14 ETF Profit Strategy update stated the following price target:
'The S&P should rally to 1,255 - 1,xxx (reserved for subscribers).
The
S&P (SNP: ^GSPC), Dow Jones (DJI: ^DJI) and Nasdaq (Nasdaq: ^IXIC) are up
well over 17%, the VIX (Chicago Options: ^VIX) down over 80% since. The
Vanguard MSCI Europe ETF (NYSEArca: VGK - News ) is up nearly 30% while Wall Street is
scratching its head over what just happened. How could the S&P soar 200
points in three weeks?
What's
Next?
It
would be naive to get excited about the latest euro news. 'Once burnt twice
shy' wouldn't be a bad approach now and long positions should be kept on a tight
leash. Sentiment and seasonality suggest higher prices, however technicals are
in topping mode.
Today's
intraday ETF Profit
Strategy Newsletter update provides detailed recommendations on how to
navigate this market constellation along with an out-of-the box analysis and
actionable ETF profit strategies.’
Global Financial Crisis: Now
in Game Form The Wall Street
Journal
A 50% haircut
for private Greek bondholders
European banks
have eight months to raise about $147 billion in capital
An expansion of
the European Financial Stability facility to $1.3 trillion.
First off, let’s call this for what it
is: a default on the part of Greece. Moreover it’s a default that isn’t big
enough as a 50% haircut on private debt holders only lowers Greece’s total debt level by
22% or so.
Secondly, even after the haircut, Greece
still has Debt to GDP levels north of 130%. And it’s
expected to bring these levels to 120% by 2020.
And the IMF is giving Greece another
$137 billion in loans.
So… Greece defaults… but gets $137
billion in new money (roughly what the default will wipe out) and is expected
to still be insolvent in 2020.
Forgetting that any and all official
estimates for Greece’s financial condition have been off by a mile, not to
mention that Greece still hasn’t paid back its first round of bailout funds,
this move is nothing short of moronic.
The reasons are:
The default is
not big enough (I expect Greek bondholders to get 20-30 cents back on the
Dollar at best in the future)
It accomplishes
nothing of significance (Greece is still broke), and…
It will trigger
a credit event and has the makings of systemic risk.
Let’s put some of the other numbers from
this deal into perspective. According to the agreement, European banks are
supposed to raise $147 billion in new capital by June.
Well, German banks alone need to raise
$173 billion in new capital. So… this new capital “requirement” from the deal
is pointless.
Indeed, the European banking system as a
whole is insolvent.
With OVER $46 trillion in assets
outstanding, European banks would need to raise $1.77 TRILLION in capital to
bring their leverage levels down to 13 to 1.
Yes… $1.7 TRILLION…
Now you see why the extra $147 billion
in new capital is pointless. It’s like pouring a bucket of water into a desert
and expecting it to sprout a jungle.
Folks, let’s get honest here. This deal
accomplishes nothing. It’s just more “kicking the can” to avoid the reality.
The reality is that the entire European Banking system is leveraged at near
Lehman Brothers levels. And European banks need to roll over between 15-50% of
their total debt (depending on which country they’re in) by the end of 2012.
The credit markets know this, which is why they’re predicting more Greece
haircuts in the future. It’s also why IMF has decided to lend Greece another
$137 billion… right as the country defaults.
Ignore this latest pop in stocks and the
Euro. This mess isn’t over… not by a long shot. And before the smoke clears,
much of Euro will be in default/ banking collapses.
So if you have not already taken steps
to prepare for systemic failure, you NEED to do so NOW. We’re literally at most
a few months, and very likely just a few weeks from Europe’s banks imploding…’
Europe Wallows In Insolveable
Problems Bob Chapman | We address this European issue, because
soon it will debut in the US.
Inflation, Jobs, and the
Artificial Flow of Monetary Policy Minyanville Atlantic
Capital Management Oct 27, 2011 [ This is an incisively astute analysis of the
currently hailed but doomed to be failed strategy now underway! ] ‘While the stock market ( SPY ) ( QQQ ) continues to
pin its hopes on a successful European monetary device in some esoteric but
mildly believable format, complete with willful leveraging, the economic
consequences of such monetary “solutions” continue to indicate the predictable
results of so much intervention in every part of the global economy.
Mainstream economics may still regard the Phillips Curve with fondness,
believing that there is a direct, inverse relationship between unemployment and
inflation, but the empirical economic history shows that it is a flawed line of
thinking that always leads to the opposite result of what was intended. interest rate policy (ZIRP)
and then two scaled programs of quantitative easing (QE). While ZIRP and
the first QE were specifically designed to bail out the ailing banking system,
the “side effect” on inflation expectations was an added bonus for a central
bank still deathly afraid of the smallest hint of deflation. employment .
Although the theory of the Phillips Curve would have to be put into practice
through some very unconventional means, there has been little doubt expressed
by policymakers that the economy would not be “saved” by all these monetary
machinations. job growth
followed. record level of inventory
accumulation in the manufacturing sector. While that overall report
seemed to indicate better conditions than recently feared, shipments of
manufactured durable goods actually fell by 0.7% in the month. May 2009 . The
current conditions component of that survey dropped to an unthinkably low 26.3
(a level reserved for economies in the midst of contraction). Not
surprisingly, one-year inflation expectations remained elevated at 5.8%,
combining the lack of job growth with those Fed-inspired prices to once again
call into question any real-world notion of a Phillips Curve-like dynamic. trade imbalance (it
is not coincidence that the current administration was explicitly and publicly
aiming to “double” exports within five years). But the US has developed a
system of recycling trade money into various forms of asset claims, whereby the
sustained trade imbalance and current account deficit is simply maintained
through asset prices and debt issuance. primary drivers of the housing
bubble . Even private sector inflows of repatriated dollars tended to end
up in some form of government debt, rather than the more beneficial direct
investment.
The
service economy that grew in response to this artificial loop was dangerously
dependent on the continued success of the “financial” economy and its continued
leakage into the real economy through housing. This encompasses a whole range
of industries, from finance, real estate and insurance, to business services
and even construction. These sector job markets grew as the backbone of
what little wage growth did occur in the last decade, but they were completely
dependent on the artificial and indirect flow of money into prices (the “wealth
effect”). Without revisiting the price dynamics of the period, these
artificial engines of unsustainable growth cannot repeat their “success” in
2011. Google ( GOOG ) and Apple ( AAPL ) can still do
relatively well in their bottom lines, but unless they begin to commit a large
portion of their built-up cash balances for some kind of domestic capex
program, they do not really enhance the wider economic prospects of marginal
beneficial flow through wages. Companies like Caterpillar ( CAT ) are at least investing in capex, but
so much of their positive results flow from the trade imbalance and dollar
devaluation dynamic that it makes little sense for them to do it domestically
(outside of the gratuitous stock buyback program that does nothing for
employment). Editor's Note: For additional commentary, visit the website of Atlantic Capital Management .’
A Dysfunctional System That
Bankrupts A Generation Wolf Richter | At fault is
the system itself.
Dave’s Daily: http://www.etfdigest.com ‘The good news is there’s a plan. The bad
news is we don’t really have the details pinned down as noted HERE . More good
news is this stock market rally, should it hold Monday, will mark the largest
in the last quarter century if records make for good news. Make of it what you
will but shorts have been squeezed out of whatever positions they maintained.
That might in itself be bad news. The pressure to make a deal was very high.
After all, if the banks didn’t (and still haven’t actually) accepted a
“voluntary” restructuring of Greek debt, the an “involuntary” event would mean
default. This would in turn trigger CDS (Credit Default Swaps) activity which
counter-parties probably could not pay. Contagion would burn through the
financial system creating chaos. This is why the FT article from above is so
interesting and worrisome.Where will the firepower come from to push stock
markets higher given the high rate of equity fund redemptions over the past
three years? The last I checked equity mutual fund cash balances were only
3.4%). No, juice for bulls will come from private investors with managed funds
switching from bonds to stocks. The other source for buying is from the usual
suspects—hedge funds, trading desks and HFTs.Bonds did sell-off as switching to
equities and more risk was apparent. On the other hand, commodities rallied as
authorities have chosen inflation (no surprise here) over deflation. It’s
easier to do politically if you don’t care about succeeding generations. Gold,
silver, base metals, energy and most commodities rose sharply as a result. You
want to pay more for stuff don’t you? That’s the trade-off when pursuing
Keynesian policies and big government.Economic data Thursday was shrugged-off
as the two problem areas Jobless Claims (still over 400K) and Pending Home
Sales (-4.6% vs unchanged expected) continued to struggle. GDP data was
reported at 2.5% growth matching expectations and vs 1.3% previous. Most of the
growth there was from consumer spending the bulk of which was in the computer
category (iGadgets?).Meanwhile, Bloomberg’s Personal Consumer Consumption vs
Confidence clearly displays the disconnect between the two:
http://i238.photobucket.com/albums/ff171/flyfry/new%20album/10271-1.jpg
Earnings
reports, if any mattered vs the news, were good overall led by Exxon Mobil
(XOM), Aflac (AFL), Akami Technologies (AKAM) and Aetna (AET) to name a few.
The biggest winners on the day had been the worst performing sector
previously—financials. There, bank stock prices were higher across the
board.The stock market is at least short-term overbought as the trusty daily
McClellan Oscillator ($NYMO) reveals at the end of this posting. Remember this
was the case on Monday and then we had Tuesday’s massive sell-off, remember??
Volume was high on this epic rally while breadth per the WSJ probably was a
90/10 day…’
Broken promises, brazen
deceit, utter contempt for the electorate – why there MUST be an EU referendum Daily Mail | As Greece
burns, British government are not keen on letting voters decide on EU
membership
THE DEVIL IS IN THE DETAILS AND THE DATA Peter Spiegel in Brussels 10-27-11 http://www.ft.com/intl/cms/s/0/ab7bcd58-00b6-11e1-8590-00144feabdc0.html#axzz1c0eTn2fl ‘…By cutting in half the face
value of the estimated €200bn in Greek bonds in private hands, officials have
taken a far more aggressive stance in reducing Greece’s overall debt levels
than they did three months ago, a move long called for by outside analysts. But
such swinging cuts are also dependent on almost all Greek bondholders agreeing
to participate in the plan. Unlike the July deal, which set a target at 90 per
cent participation, Thursday’s plan includes no such target. In addition, by
taking such big up-front haircuts, European officials threaten the very
solvency of the largest single holders of Greek debt – Greek banks, which hold
about €50bn in sovereign Greek bonds. A senior EU official said €30bn of the
new €130bn rescue package must go to bailing out Greek banks – a €10bn increase
from July…’
Economic reform: MPs swap
punches, insults in Italian parliament over pension reforms Mail Online | Berlusconi
TV interview causes rival MPs grab each other by the throat, as group of school
children watch
After today's ridiculous move in the
market, which brings back memories of either August 2007, March 2008, the
reaction after the Tarp vote (the successful one), August 2011, when the market
gyrated by 400 points on a daily basis, and many more bear market rallies, we
hope to restores some semblance of normalcy by presenting the following series
of clips all from Hugh Hendry speechs at the LSE's Alternative Investments
Conference earlier this year. Must watch, because when everyone loses their
mind, listening to some common sense is the best remedy.
S&P Chart: A Sucker's
Rally? Zacks
Durable Goods Fall As
Expected, Market Rallies More The Wall Street Journal
Stocks Are
Approaching A Brick Wall
http://markets.financialcontent.com/stocks/news/read?GUID=19799840 ChartProphet submit: The majority of the world is either optimistic or
unsure about the future of the global economy. But with so many hurdles in the
way and warning signals that point to a slowing, if not collapsing, global
economy, the prudent and rational investor would be extremely wise by
protecting his or her portfolio if not pulling out of stocks completely. Fake
Rally/Dead Dog Bounce After essentially crashing from late 2007 to early 2009
and losing nearly 60% of its value, the stock market (as represented by the
S&P 500) bounced back and more than doubled from March 2009 to early May
2011. However, even though the “recovery” powerfully carried stocks back toward
the 2007 all-time highs, the stock market failed to make new highs . The
failure to make new highs is a warning sign that we have yet to truly recover,
regardless of the relative improvements since the depths of…
Investors Still Dumping Stock
Funds, Even As Stocks Rally at The Wall Street Journal
Operation Twist Does Nothing
for the Real Economy Minyanville
Parallels to The Great
Depression Suggest Higher Prices Followed by a Bust ETFguide Simon
Maierhofer, October 25, 2011 ‘They say
everything is bigger and better in Texas. Simon says, everything is bigger and
'badder' (as in worse) on Wall Street today, than 85 years ago.
Despite
all the parallels that exist between today and the Great Depression, there is
one factor that just doesn't match up - time. The Great (post-2007) Recession
has already lasted longer than the 1929 - 1932 market meltdown.
If you
focus merely on elapsed time, you can reach two conclusions:
1)
Either there is no parallel, or the 2007 bear market is over.
2) The
2007 bear market will be more intense and last longer than the 1929 - 1932
parallel.
A look
at the pattern and shape of the post-1929 and post-2007 declines along with the
sentiment that accompanied major events within both periods, suggest that we
are in a monster version of the Great Depression with the next leg down not too
far away.
It Can't Happen Again - Think Again
I've
often heard that the Great Depression can't happen again because we are no
longer on the gold (NYSEArca: GLD - News ) standard. The absence of the gold
standard now allows the Federal Reserve to print their way out of any
recession.
That
is true; the Fed can now print unlimited amounts of money. However, the
non-existent gold standard is a double-edged sword. Just as it enables the Fed
to print money (which the Fed has done for decades), it has enabled a massive
leveraged bubble.
It's
this unbridled (by the gold standard) leveraged frenzy that created a huge
financial (NYSEArca: XLF - News ) leverage bubble. The Federal Reserve
attempted to fix the bubble's consequences with a new bubble, the QE2 bubble.
Regarding
the QE2 bubble, the May ETF Profit Strategy Newsletter stated that: 'The Fed is
fueling a new bubble to combat the damage left behind by the previous one. Once
punctured, bubbles tend to deflate quickly.' Deflate it did. The S&P lost
296 points from the May 2 high to the October 4 low. The 'liberty' of an
unbridled currency did not prevent the decline.
Sentiment Parallels
Here's
where the parallels between the Great Depression stock market meltdown and the
post-2007 decline become interesting.
Both
declines saw an initial leg down followed by the mother of all counter trend
rallies. The 1929/30 counter trend rally lasted a little more than five months
and retraced 62% of the previous decline. The 2009-11 counter trend rally
retraced 86% of the previous decline (based on the Dow Jones Industrial Average).
Here
are some newspaper headlines that appeared in April 1930 towards the end of the
biggest sucker rally, so far:
'The
outlook is favorable' - Harvard Economic Society
'The
depression is over' - Herbert Hoover
'There
is nothing in the situation to be disturbed about' Andrew Mellon, Treasury
Secretary
'Wall
Street was in a cheerful frame of mind as a result of numerous vague reports of
improvements in business and industry' - Wall Street Journal
Following
this brief flash of confidence, the Dow tumbled 10% within two and a half
months. Interestingly, this second major leg of the bear market kicked off in
April.
Fast-forward
81 years to April 2011 and we read the following headlines:
'Global
economy is improving' - GE CEO Immelt
'Sales
growth the biggest surprise on Wall Street' - Wall Street Journal
'Equities
finally seeing light on the economy' - MarketWatch
Just
when Wall Street thought the bear market was over, the S&P (SNP: ^GSPC)
delivered a six month, 20% drop. The Dow (DJI: ^DJI), Nasdaq (Nasdaq: ^IXIC),
and Russell 2000 (Chicago Options: ^RUT) followed suit.
Technical Similarities
The
chart below compares the Dow's performance of 1928 - 32 to that of 2007 - 11.
It took a break below trend lines in 1929 and 1930 to kick off powerful
declines.
https://www.etfguide.com//contributor/UserFiles/8/Image/Great%20Depression%2010%2025%2011.gif
It
also took a break below trend lines in 2008 and 2011 to unleash massive bearish
forces…’
STOCKS TANK BEFORE EU MEETING
THAT EVERYONE EXPECTS TO FAIL: Here's What You Need To Know Business
Insider [ No …this is not quite correct … the point being there’s nothing they
can do to make it (other than the meeting itself) succeed!
Investors' Number One Worry:
Europe Posed to Bring Down Global Economy Minyanville [ Riiiiight! Europe following
the ‘american way’ of ‘insurmountable
debt, funny money and wall street fraud, and throw in a destructive, wasteful
war or two or three’ is ‘ the one’ … to
reiterate: America’s debt woe is worse
than Greece’s News (CNN) — ‘Our government is utterly
broke. There are signs everywhere one looks…The government’s total indebtedness
is $211 trillion ’ ] Lloyd Khaner Oct 25, 2011
‘It's all Europe all the time as the market macro trade risks on and risks off,
depending on the daily 3 p.m. news leaks from across the Atlantic… Is “Operation Twist” working ? I don’t know.
What I do know is that when we need more juice, it will morph into “Operation
Twist and Shout!” US ECONOMY : The Fed’s Beige Book, anecdotal information on current
economic conditions in 12 districts around the country, says some areas are
improving a bit while others are weakening a bit. This useless, wishy-washy
information brought to you by your good friends at US Govt. Inc. UNEMPLOYMENT: In a holding pattern. Unfortunately at very high levels. INVESTOR SENTIMENT: Turned off, tuned out, dropped dead. HOUSING CRISIS: I’m getting tired of writing about this; you’re getting
tired of reading about this. And as Grandpa Max used to
say, “You can both go suck a lemon.” (Or, tough nuggies on us.) INFLATION: The inflation rate in the UK pops through 5%. God save
the Queen…and Europe if this rate makes it across the Channel/Chunnel. CRISIS OF CONFIDENCE: Still have plenty more gates available
in US presidential race if anybody wants to get in. Anybody…Anybody…ANYBODY!?! EUROPEAN ECONOMY: You know things are bad when the
economists take solace in the “local markets” (read: “black markets”) holding
up well enough to keep things from collapsing. THE EUROPEAN UNION: Oh! In the name of regurgitated
commercial clap-trap… “Where’s the beef?” US CONSUMER CONFIDENCE: Dropping “like a
rock….” SOVEREIGN DEBT: Still too much leaven in this rising cake. POLICY MISTAKE: Two more weeks of victory dinners and dances before
November, the deadline month in Europe and the US, demands some actual action. CREDIT RATINGS AGENCIES: Eyes on all of us, though it's looking
like more downgrades are to come in euro land. And that includes you, France. GREECE: Looking to history for an answer, I find, “Chaos -- in
one ancient Greek myth of creation, the dark, silent abyss from which all
things came into existence.” Okay, let’s not go back there. CURRENCIES: Curses! What does a financial gunslinger got to do these
days to get a steadily declining currency to abuse for a carry-trade!?! ITALY & SPAIN: For insights into the coming budget
austerity battles in these fine countries we turn to a master historian of
major clashes, Mr. T. His prediction for these fights? “Pain.” ECONOMIC LEADERSHIP: It’s true that “success has many
fathers.” It’s also true that right now the world is living in an orphanage. CONGRESSIONAL SUPER COMMITTEE: Hey, lookie here -- yet another
opportunity to lower the US debt rating! GLOBAL RECESSION: Europe dipping its big toe in to test
the waters for the rest of us. Cold enough for you, “Old World”? BANKS: VOLATILITY: HIGH FREQUENCY TRADING: CHINA: Inflation rate drops to +6.1%, down from 6.2%. At this
pace, in only three blink-of-an-eye years, rates will be at a nice,
non-clawing-the-ceiling level that they are at now. ETFs: A whole new raft of 3x levered ETNs coming this week to
an equity market near you! Warning: Do not use if you have a fear of heights or
depths; not for use in sane portfolios; avoid use if you have tendency to
blink, breathe or chew food before swallowing; do not operate heavy
machinery….’
How Wall Street Banks Fleeces
America YouTube | Author Stephen
Lendman speaks about the fleecing of America by Wall Street banks
Guess Who’s Even More
Leveraged Than the European Banks?
Phoenix Capital... : 10/25/2011 ‘The US banking system as a whole is leveraged at 13-to-1. While
this is not horrible relative to Europe’s banking system (more on this in a
moment), these levels still mean that an 8% drop in asset...While the world is
awash in liquidity, no one seems to notice that it’s actually in the form of
leverage or cheap debt, NOT real capital or equity.The US banking system as a
whole is leveraged at 13-to-1. While this is not horrible relative to Europe’s
banking system (more on this in a moment), these levels still mean that an 8%
drop in asset values wipes out ALL equity.
Then you have
Europe’s banking system, which is leveraged at 26-to-1. Anecdotally, this is
borderline Lehman Brothers (30 to 1). At these levels, even a 4% drop in asset
prices wipes out ALL equity.
Japan’s banks
are leveraged at 23 to 1. France’s are 26 to 1. Germany is 32 to 1.
You get the
idea.
However, worse
than any of these the US Federal Reserve. With $2.8 trillion in assets and only
$52 billion in capital, the Fed is leveraged at 53 to 1. Yes, 53
to 1.
My question is:
if the Fed prints money for itself… is it “raising capital?” More to the point…
if that was true why doesn’t the Fed do it? Why maintain
these leverage levels? Only Bernanke can know… but the rest of us should feel a
very serious shudder when we consider that THE bank that’s supposed to bailout
the world/ fix the problems plaguing the financial system, is in fact even more
leveraged that most of the institutions it’s helping.
Yes, stocks are
rallying now based on the view that more QE 3 or monetary easing is on the way…
but they’re missing the BIG picture here.
The BIG picture
is that there is far too much debt in the financial system. Europe’s getting
taken to the cleaners today… but these very same issues are going to spread to
Japan and the US in short order. Even China, which is considered THE creditor
nation of the world, is estimated to post a REAL Debt to GDP ratio of 200%.
Yes, 200%.
China.
So the idea
that somehow the world’s going to pass through this current chapter in its
history without some MAJOR fireworks/ systemic failure, seems a little too
optimistic.Folks, something VERY bad is brewing behind the scenes. The Sarkozy-
Merkel talks, the short-selling bans, the halted stocks, the leveraged EFSF,
the hints of QE 3, all of this is telling us that the financial system is on
DEFCON 1 Red Alert. Ignore stocks, they’re ALWAYS the last to “get it.” The
credit markets are jamming up just like they did in 2008. The banking system is
flashing all the same signals as well. So if you have not already taken steps
to prepare for systemic failure, you NEED to do so NOW. We're literally at most
a few months, and very likely just a few weeks from Europe's banks imploding.
On that note,
if you’re looking for specific ideas to profit from this mess, my Surviving a
Crisis Four Times Worse Than 2008 report can show you how to turn the
unfolding disaster into a time of gains and profits for any investor.Within its
nine pages I explain precisely how the Second Round of the Crisis will unfold,
where it will hit hardest, and the best means of profiting from it (the very
investments my clients used to make triple digit returns in 2008).Best of all,
this report is 100% FREE. To pick up your copy today simply go to: http://www.gainspainscapital.com and click on
the OUR FREE REPORTS tab.
Good Investing!
Graham Summers
PS. We also
feature four other reports ALL devoted to helping you protect yourself, your
portfolio, and your loved ones from the Second Round of the Great Crisis.
Whether it’s my proprietary Crash Indicator which has caught every crash in the
last 25 years or the best most profitable strategy for individual investors
looking to profit from the upcoming US Debt Default, my reports covers it…’
Consumer Confidence Plunges To
39.8 From 45.4 On Expectations Of A Bump; Lowest Since March 2009 Zero Hedge |
So much for the US consumer confidencing his way up to buying houses and other
stuff.
Biden: ‘Nobody Can Look You in
the Eye and Tell You … Stimulus Did Not Create Jobs;’ Yes, at $412,500 Per Job CNS News | He
did not specify how much each of those jobs cost.
Graham Summers’ Weekly Market
Forecast (Stocks Are Last to Get It Edition) Phoenix Capital Research ‘…So if you have not already taken steps to prepare for
systemic failure, you NEED to do so NOW. We're literally at most a few months,
and very likely just a few weeks from Europe's banks imploding …’What happened
in 2008 was literally just the warm up. The REAL DEAL is coming in the next 14
months. And it’s going to involve corporate, financial, and sovereign
defaults.Last week’s moves were entirely based on the fact that stocks are now
tracking the Euro almost tick for tick. And last week, the Euro hit “take off,”
despite the clear indications that Europe is facing systemic failure (the
entire banking system is leveraged at Lehman-like levels and European
sovereigns are facing failed bond auctions on a weekly basis).
http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/09/sc-4_1.png
From a
technical standpoint, stocks are now coming up against the 50% retracement
level:
http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/09/sc-1_6.png
I mentioned that
last week could be a potential top. I still hold that view and would consider
anywhere between today’s levels and 1,250 (MAJOR resistance) to be a spot to
lighten up on longs and establish shorts.Indeed, deflation looks to be the
dominate theme in the markets today. Gold is having trouble catching a bid:
http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/09/sc-2_2.png
While
Treasuries are bouncing off support and look ready to start a new leg up.
http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/09/sc-3_1.png
Inflation
hedges falling, Treasuries rallying… this is a deflationary backdrop. And
it’s occurring at a time when the EU is talking about launching a LEVERAGED
version of the EFSF and the Fed has hinted at launching another version of QE
1???Folks, something VERY bad is brewing behind the scenes. The Sarkozy- Merkel
talks, the short-selling bans, the halted stocks, the leveraged EFSF, the hints
of QE 3, all of this is telling us that the financial system is on
DEFCON 1 Red Alert. Ignore stocks, they’re ALWAYS the last to “get it.” The
credit markets are jamming up just like they did in 2008. The banking system is
flashing all the same signals as well.So if you have not already taken steps to
prepare for systemic failure, you NEED to do so NOW. We're literally at most a
few months, and very likely just a few weeks from Europe's banks imploding.What
happened in 2008 was literally just the warm up. The REAL DEAL is coming in the
next 14 months. And it’s going to involve corporate, financial, and sovereign
defaults.On that note, if you’re looking for specific ideas to profit from this
mess, my Surviving a Crisis Four Times Worse Than 2008 report can
show you how to turn the unfolding disaster into a time of gains and profits
for any investor.Within its nine pages I explain precisely how the Second Round
of the Crisis will unfold, where it will hit hardest, and the best means of
profiting from it (the very investments my clients used to make triple digit
returns in 2008).Best of all, this report is 100% FREE. To pick up your copy
today simply go to: http://www.gainspainscapital.com and click on
the OUR FREE REPORTS tab.
Good
Investing!
Graham Summers
PS. We also
feature four other reports ALL devoted to helping you protect yourself, your
portfolio, and your loved ones from the Second Round of the Great Crisis.
Whether it’s my proprietary Crash Indicator which has caught every crash in the
last 25 years or the best most profitable strategy for individual investors
looking to profit from the upcoming US Debt Default, my reports covers it.And
ALL of this is available for FREE under the OUR FREE REPORTS tab at: http://www.gainspainscapital.com .’
Minyanville's
T3 Daily Recap: The Anatomy of a Market Reversal T3Live.com Oct 24, 2011 ‘Now may be a good
time to take some profits after a strong October run in the market…’
5 Reasons
Why The Market May Have Reached A Top
http://regator.com/p/253597599/5_reasons_why_the_market_may_have_reached
10
Reasons The Consumer Will Sink This Rally http://www.bullseyemicrocaps.com/?p=13626 Bret Jensen: ‘..
9.1% - The
reported jobless rate despite a $800B stimulus, a payroll cut tax, Cash for
Clunkers, etc…
16% - The real
unemployment rate once you factor in the people who have dropped out of the
workforce, part-time workers who cannot find full-time employment, etc..
$4 Trillion –
What the United States has added to its debt over the past three years. If we
ever do see economic growth again, expect interest rates to move up dramatically
despite the Federal Reserve’s efforts to contain the increase.
13 – The
current reading of the “Misery Index” (Unemployment plus inflation), the
highest rating since 1983.
18% -
Correspondingly, the current average reading of the percentage of Americans
that believe the country is moving in the right direction.
$1315 – The
decrease in annual disposable income the average American has compared to three
years ago. This is the steepest three year decline ever measured since the
government started measuring this metric 50 years ago.
58% - The
current share of business income going to wages and benefits. In 1990, this
figure was 63% and as recently as 2005 it was 61%.
1.3% - GDP
growth in the second quarter. This anemic reading was an improvement over 1st
quarter GDP growth.
45 – Last
month’s consumer confidence level. This is an abysmal reading by historical
standards
28% - The
percent of homeowners that are “underwater” according to Zillow. Deutsche Bank
predicts this figure will be over 45% within a year…’
United States tipped to lose
another AAA credit rating Reuters | Either from Moody’s or Fitch.
Can The
Hope Rally Continue?
Is the US Economy in a
Recession? thetechnicaltake : 10/14/2011 ‘A simple indicator
constructed from readily available data is suggesting with great certainty that
the US economy is already in a recession…’
ECRI Recession Watch: Growth
Index Drops Further
http://advisorperspectives.com/dshort/updates/ECRI-Weekly-Leading-Index.php Doug Short
10-21-11 ‘The Weekly Leading Index ( WLI ) growth indicator of the Economic Cycle
Research Institute (ECRI) has now posted 11 consecutive declines since early
August. The interim high of 8.0 was set in the week ending on April 15. The
latest reading, data through October 14, is -10.1, down from the previous
week's -9.7.
On
September 30th, the ECRI publicly announced that the U.S. is tipping into a
recession, a call the Institute had announced to its private clients on
September 21st.
Early last week, ECRI
notified clients that the U.S. economy is indeed tipping into a new recession.
And there's nothing that policy makers can do to head it off. ECRI's recession call isn't based on
just one or two leading indexes, but on dozens of specialized leading indexes,
including the U.S. Long Leading Index, which was the first to turn down —
before the Arab Spring and Japanese earthquake — to be followed by downturns in
the Weekly Leading Index and other shorter-leading indexes. In fact, the most
reliable forward-looking indicators are now collectively behaving as they did
on the cusp of full-blown recessions, not "soft landings." Read the
report here .
For a close look at this movement of
this index in recent months, here's a snapshot of the data since 2000.
http://advisorperspectives.com/dshort/charts/indicators/ECRI-WLI-growth-since-2000.gif Click
for a larger image
Now let's step back and examine the
complete series available to the public, which dates from 1967. The ECRI WLI
growth metric has had a respectable record for forecasting recessions and
rebounds therefrom. The next chart shows the correlation between the WLI, GDP
and recessions.
http://advisorperspectives.com/dshort/charts/indicators/ECRI-WLI-growth-since-1965.gif Click
for a larger image
A significant decline in the WLI has
been a leading indicator for six of the seven recessions since the 1960s. It
lagged one recession (1981-1982) by nine weeks. The WLI did turned negative 17
times when no recession followed, but 14 of those declines were only slightly
negative (-0.1 to -2.4) and most of them reversed after relatively brief
periods.
Three other three negatives were deeper
declines. The Crash of 1987 took the Index negative for 34 weeks with a trough
of -6.8. The Financial Crisis of 1998, which included the collapse of Long Term
Capital Management, took the Index negative for 23 weeks with a trough of -4.5.
The third significant negative came near
the bottom of the bear market of 2000-2002, about nine months after the brief
recession of 2001. At the time, the WLI seemed to be signaling a double-dip
recession, but the economy and market accelerated in tandem in the spring of
2003, and a recession was avoided.
The question had been whether the WLI
decline that began in Q4 of 2009 was a leading indicator of a recession. The
published index has never dropped to the -11.0 level in July 2010 without the
onset of a recession. The deepest decline without a recession onset was in the
Crash of 1987, when the index slipped to -6.8. The ECRI managing director correctly
predicted that we would avoid a double dip. The eight quarters of positive GDP
since the end of the last recession supports the ECRI stance.
The Certainty and Dramatic Language of
ECRI's New Recession Call
What is particularly striking about the
ECRI's current recession call is the fervor and certainty of the language in
the public press release:
"Here's what
ECRI's recession call really says: if you think this is a bad economy, you
haven’t seen anything yet. And that has profound implications for both Main
Street and Wall Street."
I remain astonished at the complete
absence of wiggle room in the announcement, nor have I seen any public
communications from the ECRI to qualify or soften its recession call. ECRI has
put its credibility on the line. If the U.S. avoids a recession, ECRI's
reputation will be permanently damaged.
The WLI Versus Other Macroeconomic
Indicators
For additional perspective on the
performance of this indicator, see Comparing the ECRI Weekly
Leading Index with Two Key Competitors , which highlights the curious
behavior of the WLI following the 2008 Financial Crisis. The chart below is an
overlay of the three since 2000. Note: I have divided the ECRI WLI by 10 to
display on a single vertical axis with the other two indicators.
http://advisorperspectives.com/dshort/charts/indicators/ADS-CFNAI-WLI-overlay-since-2000.gif Click
for a larger image
The ECRI Weekly Leading Index appears to
be more sensitive to upturns than either the Philly Fed's ADS Business
Conditions Index (ADS) or the Chicago Fed's Current Activity Index. In fact, it
has oscillated in a pronounced fashion since the 2009 recession trough:
Its peak in
2009, interim low in 2010 (which the Institute firmly stated was not a
recession signal),
the interim
high in April 2011,
and the current
reading, which the Institute has identified as a recession flag.
The ECRI Weekly Leading Index will be
fascinating to watch in the months to come. On Monday of next week we will have
an opportunity to see if the Chicago Fed's National
Activity Index is beginning to support the ECRI call. And on Thursday
we will have the Advance Report on Q3 GDP.’
An Unprecedented 26 Million
Americans Are Now Underemployed Business Insider | The number of
underemployed individuals—rose for a third consecutive month in September, by
almost a half of a million people.
Earnings
forecasts look less bright NEW YORK (Reuters) -
Prospects for corporate earnings are dimmer in the coming quarters -- even
though reports so far this quarter have been relatively bright. [ Relatively
bright? Only because most are not relatively bright having failed to yet ‘catch
on’ to this nation-debilitating, but wall street favored defacto fraud. The
‘miracle’ of ‘funny money’ wherein the ‘debased currency strategies’ (ie.,
QE’s, etc.) among other accounting manipulations lead to ie., costs reported in
‘more valuable but fewer dollars’ and sales / revenues reported in debased
dollars (simply more of them, but no real value created, profits overstated in
real terms). ]
Dave’s Daily:
http://www.etfdigest.com
‘The above image displays quotes per second coming from
HFT (High Frequency Trading) systems http://www.etfdigest.com/images/stories/davesdaily/1866/image002.jpg http://www.etfdigest.com/images/stories/davesdaily/1866/image002.jpg . The two graphs display action towards the
close of trading Friday. The upper graph shows action of “algos” per second
while the bottom the number of HFT quotes per second over a three minute time
period with colors for each exchange. The lower graph displayed nearly 300
quotes per second—got that? Perhaps only a small fraction of these are real
trades with the others being just bids and offers designed to stimulate program
trading algorithms. This is posted because nearly 70% of all volume and trades
on the NYSE for example are program trades with HFTs now dominant. The above
comes courtesy of HFT Alert which is a program investors may purchase to
monitor this activity. Their homepage is HERE and we’ll be
doing a two part video podcast with them next week which should explain how all
this works, why you should care and perhaps how you can use it. HFT action may
be away from the news of the day so let’s get to it. Stocks rallied sharply
marking three straight weeks of gains. Much of the gains stemmed from earnings,
hopes for a euro fix and late comments from Janet Yellen. Earnings news
continued to flow Friday with good results from fast food outlets McDonalds
(MCD) which was helped by stronger sales in Europe boosted by the euro and
Chipotle (CMG) whose stock soared 8%. I guess fast food is the big deal
now which strikes me as an odd reason to rally stocks overall. Perhaps people
find it cheaper to buy and eat junk food than cook in their McMansions. Mostly
panned were earnings from General Electric (GE) as their core utility business
had slowed and Microsoft (MSFT) which seems just a utility-like company. But,
strong earnings and stock price gains were reported from some tech companies
like SanDisk (SNDK), Altera (ALTR) and Seagate (STX). European optimism sprang
from hopes the EU would save itself if for no other reason than because it
must. The weekend features serious meetings to structure a working plan
(again…sigh) which we’re told should lead to a vote on Wednesday. There are
enough stories and rumors that are positive and negative . Even the most
positive rumor leaves a “fix” with a $1 trillion shortfall. Will the IMF and
U.S. fill the void? Good grief!! Late in the trading day the Fed threw more gas
on the bulls’ fire with Fed Vice-Chairman Janet Yellen discussing the
possibilities of QE3 if the economy doesn’t perk-up. This would be
controversial while reinforcing how all-in the Fed is
with its Keynesian policies. It’s that if at first you don’t succeed, try, try,
and try…again policy since they have nothing else. QE2 accomplished what? A
phony stock market rally which pleased the Fed but once ended reality hit home
as the safety net was removed. Gold rallied to recover most of the losses from
previous sessions as the dollar weakened once again in anticipation of an EU
fix. The Japanese yen rose to record high and the BOJ won’t like this one bit.
As stocks rose naturally bonds fell and commodity prices rose. Volume was about
average for recent trading periods and breadth per the WSJ was quite positive.’
Banks closed in Colo, Fla, Ga;
84 failures in 2011 AP 9:14 pm EDT
With Some Hope In Europe, Time
To Go Short? Forbes
Steve Schaefer , Forbes
Staff ‘European leaders are gathering
Sunday and Wednesday in meetings aimed at hashing out an expansion of the
region’s bailout fund and recapitalizing banks, but with expectations for a
solution rising the risk of a less-than-comprehensive plan rattling markets may
be growing.
The
S&P 500 has shot up more than 100 points in October, closing at 1,238
Friday, and to trader Seth Setrakian the move is akin to putting the cart
before the horse. Setrakian, co-head of equities at proprietary trading firm
First New York Securities, called the looming announcement of Europe’s big plan
“a classic sell the news” and fully expects to be selling ahead Monday through
Wednesday ahead of the second meeting even if the market rallies.
“The
bar is set too high,” he believes, arguing that even if the market rallies on a
deal being reached, the implementation of whatever resolution plan is adopted
will be cumbersome and ultimately amount to “solving a problem of debt with
more debt.” When the market realizes that, October’s 9.5% gain to date could
unravel in a hurry.
The
recent stage in the too-rapid rise to current levels is largely a result of
short-covering and investors who missed the initial stage of the recovery
jumping on board. The shame of it, Setrakian says, is that “America is not a
bad place to invest” without the overhang of a potential dislocation stemming
from Europe.
Even
if the U.S. economy grows at a meager pace, or even contracts slightly, the
profitability of corporate America and the ultra-low level of interest rates
make for a constructive equity environment absent the risk of a European
meltdown.
Setrakian
points to the start to earnings season, which has been OK. Companies trading
near 52-week highs coming into the season have been hurt by misses – like Apple , which fell
short of consensus by a quarter – but those that were closer to 52-week lows – Travelers for example – have been
rewarded even without eye-popping results. Then you have the McDonald’s ’ of the world,
which come into earnings near their highs of the year then post a big number to extend the
gains. (See “Earnings Season: Solid Start
Despite Whiffs From Apple, Goldman.” )
Looking
ahead to next week, Setrakian says he is keeping an eye on industrials, which
in some cases have been priced for recession.
A
company like Caterpillar for instance,
due to report Monday, could come under pressure if the broader market sells
off, but the assumptions built in for earnings are not high and at Friday’s
$87.39 close the stock is closer to its 52-week low of $67.54 than the high of
$116.55.
Above
all hangs Europe though, and even if the policy that Germany’s Angela Merkel and France’s
Nicolas Sarkozy come up with sounds good on its surface, “the market will test
it very quickly,” Setrakian says. “If they drop the ball – and I think they
fumble – the market could pull back 7-8%” What then? Well by then there may be
a whole new complicating factor: the U.S. deficit reduction Supercommitttee,
which is on the clock to have its plan ready by Nov. 23.’
Student Loan Bubble To Exceed
$1 Trillion: “It’s Going To Create A Generation Of Wage Slavery” And Another
Taxpayer Bailout Zero Hedge | Student loans are set to surpass $1
trillion in total notional for the first time in history.
EU Trying
to Borrow Its Way Out of Debt ETFguide.com [ Yeah … you really
don’t have to be a financial genius to sense the folly in such a scenario /
stratagem. What’s really going on with these ‘hopium’ HFT commissioned computer
programmed algo rallies is fraudulent wall street’s hope for sufficient
taxpayer funds (as last crisis) to
enable them to unload their positions / ‘hot potatoes’ at the most favorable
prices for them, despite the absence of real, fundamental value therein. Don’t
forget, with complicit legislative help from Washington, the worthless paper /
securities / toxic assets are now marked to anything as per misguided and (‘
facilitatively’) fraudulent legislated
FASB rule change. ]
SPX
Update: Don't Get Suckered by the Head-Fake Breakout
6 Reasons a Global Recession
is Unavoidable ETFguide.com Ron DeLegge, Editor October 5, 2011
‘Most economists and Wall Street types are reluctant to publicly admit the
global economy is in a recession. Their reams of conflicting data are
sending mixed messages. But an honest look at key events and the behavior
of financial markets solidifies the view that the global recession we're
probably already in, is unavoidable. Let’s analyze some of the reasons
behind this.
1) The Fed is out of tricks. When it comes to manipulating
financial markets in the name of economic security, nobody matches the Federal
Reserve’s prowess. Over the past few years, the Fed has engaged in financial
gimmickry of such epic proportions that angry calls for ending its existence
have been voiced from sea to shining sea. The Fed’s Treasury purchases (POMO)
and monetization of debt (quantitative easing), may have delayed the reckoning
day, but have these programs really solved America’s long-term problems? The
Fed’s latest shift from short-term to long-term debt (Operation Twist) is
tantamount to taking money from your right hand pocket and putting it into your
shirt pocket. The Fed is running out of time and out of tricks. Ben Bernanke
has finally admitted what the general public has known all along; the job
situation is a “national crisis.” 2) Stock market says we’re already in a recession. The National
Bureau of Economic Research (NBER) and its leading economists still deny the
U.S. economy is in a recession. Apparently, their slide rulers haven’t yet
confirmed it, so they need a few more quarters before issuing a press release.
Meanwhile, the stock market, which is a leading indicator of economic activity,
is screaming “recession.” Large company stocks within the S&P 500
(NYSEArca: SPY) have fallen almost 18% since July. Bulls argue this is still
shy of the 20% threshold that confirms a bear market, but even so, mid cap
stocks (NYSEArca: MDY) and small caps (NYSEArca: IWM) have already entered bear
territory. Today’s stock prices reflect expectations about future earnings,
which in turn are connected to the future state of the economy. Expectations
are rightfully low. 3) Greece has set the tone for Europe (and maybe the rest of the
world). How many financial targets will Greece continue to miss
before forecasters stop regurgitating its false numbers? When will Greece stop
embarrassing itself with financial projections it knows aren’t true? Greece’s
2011 deficit was projected to be 8.5% of its GDP but came in almost €1.69
billion above its original targets. Next year, Greece is aiming for a deficit
that’s 6.8% of GDP. With the country engulfed in civil protests, job strikes
and general chaos – how realistic are its 2012 projections? Financial bets for Greece
to succeed are a long-shot. The country’s economic projections are no longer
based upon realistic assumptions, but hopes for garnering more bailout money
and calming hostile markets. Ultimately, Greece is merely a reflection of the
entire EU region – a place where financial aspirations don’t match reality. 4) Bear funds are leading performers. The two-year
period from March 2009 to March 2011 was a difficult existence for bear market
funds. After bottoming at decade lows, the stock market skyrocketed and bear
funds got clobbered. But not anymore. Bear funds are investments that, by
design, increase in value when the underlying benchmarks they track decline.
Now with the stock market swooning, bear funds are posting huge gains. Over the
past three months, Direxion’s 3x daily leveraged bear ETFs for large cap stocks
(NYSEArca: BGZ) is ahead by 42.97%, mid cap stocks (NYSEArca: MWN) is up 58.30%
and small caps (NYSEArca: TZA) is up by 49.76%. Reversing this ominous trend,
especially when key technical levels have been pierced, won’t be easy. 5) Major asset classes are in correlation. During a bear
market, the correlation between asset classes typically jumps and this is
exactly the case right now. Over the past few months, commodities (NYSEArca:
GCC), global real estate stocks (NYSEArca: RWO), precious metals (NYSEArca:
GLTR), international stocks (NYSEArca: EFA), and U.S. stocks (NYSEArca: SCHB)
have all moved in the same general direction by recording sizable losses. Even
gold (NYSEArca: IAU) and silver (NYSEArca: SLV), which previously escaped the
wrath of losses, have joined the party. And only cash and bonds (NYSEArca: AGG)
are bucking the correlation trend. 6) Pace of sovereign downgrades is accelerating. We don’t
advocate putting implicit faith in credit ratings, because history has taught
us they are nothing more than financial opinions and frequently, not very
accurate ones. Still, a gander at the latest downgrading trend is troublesome.
Intuitive observers will note, this is not an isolated phenomenon, but a global
trend. Sovereign debt from Greece and Portugal, after several downgrades, is
now rated junk. Ireland has been downgraded and Italy was
just downgraded by Moody's to A2 with a negative outlook. Japan,
along with U.S. debt was lowered in August and another wave of more downgrades
is coming, so get used to it.
Conclusion Profit Strategy ETF Newsletter continues to
advocate a fiercely independent view of world events, financial markets, and
the proper allocation of money. Ultimately, having an investment strategy
that can perform during any kind of market is a good start. ‘
How To Avoid Bubble Trouble The Wall Street Journal
Market Recap: Markets Rally on
EU Resolution Expectations, US Inks Free Trade Deals Wall St. Cheat
Sheet [Resolution expectations rally stocks, and for the umpteenth time; yet,
said ‘resolution’ purports to resolve the irresolvable; see, ie., Four Facts that PROVE the EFSF
Doesn’t Matter… At All Phoenix Capital 10/20/2011Four Facts that
PROVE the EFSF Doesn’t Matter… At All
- ‘.. And those investors who
get suckered into betting this mess will work out well are very likely going to
lose everything. The impact of the fallout from this will make 2008 look like a
joke. The EU is the largest economy in the world. So if its banking system
collapses (and it will) we’re facing a full-scale Global financial meltdown
(the IMF has even warned of this)…’ , S&P sees downgrade blitz
in EMU recession, threatening crisis strategy Oct 20th, 2011 News By Ambrose Evans-Pritchard (The Telegraph) , Student Loan Bubble To Exceed
$1 Trillion: "It's Going To Create A Generation Of Wage Slavery" And
Another Taxpayer Bailout Durden ‘..All we
need to do is teach people that Washington D.C. and Wall Street are now the
same corrupt entity. They are one gigantic rogue trader sucking the
lifeblood out of America..’ , The Coming Derivatives Crisis
That Could Destroy The Entire Global Financial System The Economic
Collapse , The REAL $200 TRILLION Problem
Bernanke’s Worried About Phoenix Capital... ‘US Commercial banks
have $200 TRILLION in interest rate based derivatives sitting on their balance
sheets. And guess which banks have the greatest exposure…’, Dead Stocks Walking smartmoney.com
, Unthinkable Poised to Happen
on Wall Street. See Disturbing Charts. (Moneynews) http://w3.newsmax.com/a/aftershockb/video.cfm?PROMO_CODE=CD97-1 , http://www.stansberryresearch.com/pro/1108PSI9MOVD/PPSIMA06/PR , 43,454,601,693,238 Reasons Why
The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge |
By now everyone has had a chance to play with the US debt clock. But what about
its global cousin? America’s debt woe is worse
than Greece’s News (CNN) — ‘Our government is utterly
broke. There are signs everywhere one looks…The government’s total indebtedness
is $211 trillion ’
Four Facts that PROVE the EFSF
Doesn’t Matter… At All Phoenix Capital 10/20/2011Four
Facts that PROVE the EFSF Doesn’t Matter… At All [ The Reality, infra ‘..
And those investors who get suckered into betting this mess will work out well
are very likely going to lose everything. The impact of the fallout from this
will make 2008 look like a joke. The EU is the largest economy in the world. So
if its banking system collapses (and it will) we’re facing a full-scale Global
financial meltdown (the IMF has even warned of this)…’ ]‘It’s time to settle
the debate regarding Europe’s banking system. I know that the mainstream media
keeps talking about another round of bailouts or an expansion to the Emergency
Financial Stability Facility (EFSF) as though these things matter.But the
reality is… they don’t. Europe’s problems go WAY beyond Greece’s debt. And the
entire European banking system is primed for a systemic collapse.
Consider the
following four facts:
FACT #1:
Europe’s entire banking system is leveraged at 25 to 1.
This is nearly
two times the US’s leverage levels. With this amount of leverage you only need
a 4% drop in asset prices to wipe out ALL equity. These are
literally borderline-Lehman levels of leverage (Lehman was 30 to 1). Mind you, these
leverage levels are based on asset values the banks claim are accurate.
Real leverage levels are in fact likely much MUCH higher.
KA-BOOM.
FACT #2:
European Financial Corporations are collectively sitting on debt equal to 148%
of TOTAL EU GDP.
Yes, financial
firms’ debt levels in Europe exceed Europe’s ENTIRE GDP. These are just the financial
firms. We’re not even bothering to mention non-financial corporate debt,
household debt, sovereign debt, etc.Also remember, collectively, the EU is the
largest economy in the world (north of $16 trillion). So we’re talking about
over $23 TRILLION in debt sitting on European financials’ balance sheets.Oh, I
almost forgot, this data point only includes “on balance sheet” debt. We’re
totally ignoring off-balance sheet debt, derivatives, etc. So REAL financial
corporate debt is much MUCH higher.
KA-BOOM.
FACT #3:
European banks need to roll over between 15% and 50% of their total debt by the
end of 2012.
That’s correct,
European banks will have to roll over HUGE quantities of their debt before the
end of 2012. Mind you, we’re only talking about maturing debt. We’re not
even considering NEW debt or equity these banks will have to issue to raise
capital.
Considering
that even the “rock solid” German banks need to raise over $140 BILLION in new
capital alone, we’re talking about a TON of debt issuance coming out of
Europe’s banks in the next 14 months.
And this is
happening in an environment prone to riots, bank runs, and failed bond auctions
(Germany just had a failed bond auction yesterday).
KA-BOOM
FACT #4: In
order to meet current unfunded liabilities (pensions,
healthcare, etc) without defaulting or cutting benefits, the average EU nation
would need to have OVER 400% of its current GDP sitting in a bank account
collecting interest.
This last data
point comes from Jagadeesh Gokhale, Senior Fellow at the Cato Institute, former
consultant to the US Treasury, and former Senior Economic Advisor to the
Federal Reserve Bank of Cleveland.
This is a guy
who’s worked at a very high level on the inside studying sovereign finance,
which makes this fact all the more disturbing. And he knew this as far back as
January 2009!!!
Folks, the
EFSF, the bailouts, China coming to the rescue… all of that stuff is 100%
pointless in the grand scheme of things. Europe’s ENTIRE banking system (with
few exceptions) is insolvent. Numerous entire European COUNTRIES are insolvent.
Even the more “rock solid” countries such as Germany (who is supposed to save
Europe apparently) have REAL Debt to GDP ratios of over 200% and STILL HAVEN’T
RECAPITALIZED THEIR BANKS.
Again, it DOES
NOT matter what Sarkozy and Merkel say. It doesn’t matter how much leverage the
EFSF gets. Europe is broke. End of story. And those investors who get suckered
into betting this mess will work out well are very likely going to lose
everything. The impact of the fallout from this will make 2008 look like a
joke. The EU is the largest economy in the world. So if its banking system
collapses (and it will) we’re facing a full-scale Global financial meltdown
(the IMF has even warned of this). That’s the reality of the situation
we’re in today. I know nobody likes to publicly admit it. But it’s true.What
happened in 2008 was literally just the warm up. The REAL DEAL is coming in the
next 14 months. And it’s going to involve corporate, financial, and sovereign
defaults.On that note, if you’re looking for specific ideas to profit from this
mess, my Surviving a Crisis Four Times Worse Than 2008 report can
show you how to turn the unfolding disaster into a time of gains and profits
for any investor.
Within its nine
pages I explain precisely how the Second Round of the Crisis will unfold, where
it will hit hardest, and the best means of profiting from it (the very
investments my clients used to make triple digit returns in 2008).
Best of all,
this report is 100% FREE. To pick up your copy today simply go to: http://www.gainspainscapital.com and click on
the OUR FREE REPORTS tab.
Good Investing!
Graham Summers
PS. We also
feature four other reports ALL devoted to helping you protect yourself, your
portfolio, and your loved ones from the Second Round of the Great Crisis.
Whether it’s my proprietary Crash Indicator which has caught every crash in the
last 25 years or the best most profitable strategy for individual investors
looking to profit from the upcoming US Debt Default, my reports covers it.
And ALL of this
is available for FREE under the OUR FREE REPORTS tab at: http://www.gainspainscapital.com .
· The Next Lehman: Bank of America
is on the verge of a collapse. Each minute that ticks by brings it closer to
becoming the Lehman Brothers event of this Crash. How do we know? Its
financials are horrifying and it's been hit with a $31 billion
dollar lawsuit. It's in worse shape than it was in 2008 - when it just barely
survived.
· Europe Is Collapsing: Most every
European stock market is gasping for life right now. European banks are in free
fall. Germany is facing internal revolt and won't even be able (or willing) to
back up any bailouts. And Greece has entered the final stages for its financial
system -- the markets are pricing in a near 100% certainty of Greek debt
default. This will ultimately kill Europe as we know it today.
· The US Debt Catastrophe: We just
blew out our debt ceiling again . Yes, just after the last desperate
extension was passed (and the US credit rating was downgraded to great
fanfare). And the US economy remains a disaster with more and more Americans
losing jobs and then falling off the unemployment numbers. No jobs = no
recovery in sight. Our leaders have no plan but to pass more and more
intrusive, ineffective legislation.
· The Myth of the Market Saviour:
QE 3 won't solve this mess no matter how cleverly it's disguised (or trumpeted
from the rooftops). The Fed spent $900 billion and nearly one year to prop up
the markets -- and we've wiped out all those gains in just one summer month. As
for China, how did their support of the Euro go earlier this year? Or the
recent multiple central bank intervention to prop up the global markets?
They're all clueless about plugging the growing leaks on a very large Titanic.
To be blunt, the financial system is in greater danger of systemic
collapse than at any point in history (including 2008). Do not be fooled by the
recent rally we've just seen. Things are not okay! We saw
rallies of 8%, 11% and even 17% during 2008. Investors who bought into them got
taken to the cleaners…’
The Coming Derivatives Crisis
That Could Destroy The Entire Global Financial System The Economic
Collapse | Most people have no idea that Wall Street has become a gigantic
financial casino.
America must manage its decline
http://www.ft.com/cms/s/0/0c73f10e-f8aa-11e0-ad8f-00144feab49a.html#axzz1bJWdBAUG By Gideon Rachman October 17, 2011 ‘Recently
I met a retired British diplomat who claimed with some pride that he was the
man who had invented the phrase, “the management of decline”, to describe the
central task of British foreign policy after 1945. “I got criticised,” he said,
“but I think it was an accurate description of our task and I think we did it
pretty well.”No modern American diplomat – let alone politician – could ever
risk making a similar statement. That is a shame. If America were able openly
to acknowledge that its global power is in decline ,
it would be much easier to have a rational debate about what to do about it.
Denial is not a strategy…’
Full moon October 10-14, 2011 … I’ve examined
the weekly results for the global markets … Conclusion: The global euphoria,
irrational exuberance in the financial markets worldwide, courtesy of the
blazing full moon October 10-14, 2011 ; and yes, the lunacy once the exclusive
province of fraudulent wall street is now a global phenomenon (10th near full
beginning, 14th near full ending).
Fed should adopt GDP target,
Goldman says Oct 17th, 2011 News (MarketWatch)
— PG View : ‘Yes, it does indeed seem that “inflation as a
solution” is gaining traction. I say tom-a-to, you say tom-ah-to. I say
inflation targeting, you say GDP targeting. Whatever you call it, it’s
synonymous with dollar devaluation and you best be saving in something other
than dollars if you hope to come out the other side unscathed.’ …’The Federal
Reserve should target the level of gross domestic product, Goldman Sachs
economists said ahead of a wave of speeches from central bank officials.In a
note published Friday night, Goldman Sachs said the best way for the central
bank to loosen policy significantly further would be to target a GDP path, and
commit to using more asset purchases to achieve that path.“While a shift to a
nominal GDP level target would be a big decision, it would be consistent with
the Fed’s dual employment and price mandate,” the economists wrote.[ source ] PG View : [Talk about
self-serving disingenuity that along with their frauds, goldman’s come to be
known for! Goldman, like the lunatics at salomon brothers should be out of
business and vigorously prosecuted; having in large part helped create this
crisis which continues with their dollar debased HFT’s. (‘Salomon Brothers'
success and decline in the 1980s is documented in Michael Lewis ' 1989 book, Liar's Poker . Lewis went
through Salomon's training program and then became a bond salesman at Salomon
Brothers in London .’Wikipedia.
Acquired by Travelers / Citi. ] A timely position taken by Goldman Sachs in
light of the inflation piece written by
John Mauldin on Saturday. Yes, it does indeed seem that “inflation as a
solution” is gaining traction. I say tom-a-to, you say tom-ah-to. I say
inflation targeting, you say GDP targeting. Whatever you call it, it’s
synonymous with dollar devaluation and you best be saving in something other
than dollars if you hope to come out the other side unscathed.’
Can “It” Happen Here? Oct 17th, 2011
News By John Mauldin15-Oct (JohnMauldin.com) — I was inspired
for this week’s letter by a piece by Art Cashin (whom I will get to have dinner
with Monday). His daily letter always begins with an anecdote from history.
Yesterday it was about Weimar, told in his own inimitable style. So without any
edits, class will commence, with Professor Cashin at the chalk board.[Cashin's
recounting of the nightmare German inflation, which we posted last week .]…”We know
that the world is drowning in too much debt, and it is unlikely that households
and governments everywhere will be able to pay down that debt. Doing so in some
cases is impossible, and in other cases it will condemn people to many hard
years of labor in order to be debt-free. Inflation, by comparison, appears to
be the easy way out for many policy makers.“Companies and households typically
deal with excessive debt by defaulting; countries overwhelmingly usually
deal with excessive debt by inflating it away .…But now even serious
economists are recommending inflation as a solution . Given the
powerful deflationary forces in the world, inflation will stay low in the near
term. This gives some comfort to mainstream economists who think we can create
inflation to solve the debt problem in the short run.[ source ] PG View : Another great
and comprehensive piece by Mauldin on the threat of hyperinflation. Even though
Mauldin believes that an independent Fed, mandated to keep inflation in check,
will prevent the unthinkable…what if he’s wrong? He cites an “ill-conceived”
proposal by Financial Services Committee ranking member Barney Frank that could
severely impede the Fed’s independence as a reason for concern. But even if
Mauldin is correct, and inflation of the magnitude needed to meaningfully
reduce our oppressive debt burden is never unleashed, it means that that very
debt burden is going to be an interminable head-wind to economic growth and job
creation. We are truly caught between Scylla and Charybdis.
Is Anyone Dumb Enough to
Believe that Obama Supports the 99%?
George Washington : 10/17/2011 - Obama Pretends He
Supports the 99% … But He’s a Wolf In Sheep’s Clothing [ Point well made!
Despite his near legendary rhetoric (aka b***s***), his near legendary actions
(aka dismal failure) have belied same. He’s so pathetic he’s become a cliché, a
joke for typical political b***s*** and is a total embarrassment! Even more
embarrassing are those who continue to cheer his opportunist b***s***! ]
'Fear Gauge' Marches Higher:
TVIX Biggest Gainer With 17% Rise Barrons.com
French Banks Can Set Off
Contagion That Will Make Central Bankers Long For The Good 'Ole Lehman Collapse
Days! : Reggie Middleton : 10/17/2011 - 13:46 ‘Due to the
rampant misinformation and disinformation (please recognize and appreciate the
distinct difference) being bandied about, I've decided to run the #s 1 more
time and put it right here in...’
Balance Of Fundamentals Will Continue To Weigh On
Market http://thestockreporter.com/balance-of-fundamentals-will-continue-to-weigh-on-market Let us review six key fundamental factors as well as the technical
panorama:
1.
Sovereign debt and financial crisis in Europe.
2.
Economic growth momentum in the USA and prospect of “double dip.”
3.
Corporate earnings reports and guidance in the USA
4.
Fiscal policy in the USA.
5. US
monetary policy.
6.
Global growth, with particular emphasis on China.
7.
Technical factors…’
Marketwatch.com
Regulators on Friday closed banks in Georgia, North Carolina, New Jersey and
Illinois, pushing this year’s national tally of collapsed banks to 80.
The Federal Deposit Insurance Corp. said the Georgia Department of
Banking and Finance closed Piedmont Community Bank in Gray, Ga., the state’s
20th failure of the year. State Bank and Trust Co. of Macon, Ga., will assume
all of Piedmont’s deposits, the agency said. http://www.marketwatch.com/story/us-bank-failures-climb-to-80-in-2011-20...
US budget gap widens, tops $1
trln for 3rd year Reuters | Above $1
trillion for third straight year and providing fodder for political battle over
taxes and spending.
ECRI Recession Watch: Growth
Index Declines Further http://www.bullseyemicrocaps.com/?p=11699 By Doug Short The Weekly Leading Index (WLI) growth indicator of the Economic Cycle
Research Institute (ECRI) has posted 10 consecutive declines since early
August. The interim high of 8.0 was set in the week ending on April 15. The
latest reading, data through October 7, is -9.6, down from the previous week’s
-8.7. On
September 30th, the ECRI publicly announced that the U.S. is tipping into a
recession, a call the Institute had announced to its private clients on
September 21st.
Early last week, ECRI notified clients that the U.S. economy is indeed
tipping into a new recession. And there’s nothing that policy makers can do to
head it off.
ECRI’s recession call isn’t based on just one or two leading indexes, but
on dozens of specialized leading indexes, including the U.S. Long Leading
Index, which was the first to turn down — before the Arab Spring and Japanese
earthquake — to …’
US to Experience Stagflation
Worse Than 1970s: Jim Rogers CNBC | The U.S. economy is likely to
experience a period of stagflation worse than the 1970s.
Jeff Applegate: Not Sheepish
About Turning Bearish The Wall Street Journal Jonathan Cheng ‘Last week was a tough time to turn bearish. Since hitting
a bottom on Tuesday, the Dow Jones Industrial Average has jumped by 11% in less
than two weeks, raising hopes among some investors that the U.S. and Europe may
be able to power through their summertime woes. Not
for Jeff Applegate.
Mr.
Applegate, the 61-year-old chief investment officer of Morgan Stanley Smith
Barney, last week made his biggest bearish shift in more than two years,
battening down the hatches and reducing his exposure to stocks, high-yield
bonds, commodities and real-estate investment trusts.
Mr.
Applegate argues that the world is heading into recession, hurt by political
paralysis that has added uncertainty while withholding stimulus at a time of
weakness. And the past few days’ rally, fueled by progress on a European bailout
and an encouraging U.S. jobs number, has done little to change his mind.
“We’re
seeing a relief rally in global equities in recent days, but at the end of the
day, we think if Europe is heading into recession — which I think they are —
and if the U.S. is heading into recession — which I think we are — then there’s
more downside in equities,” Mr. Applegate said.
After
a strong start to the year, U.S. stocks wavered in the summer as Europe’s debt
crisis intensified. Stocks tumbled further in August as the worries spread to
the U.S. economy, sending the Dow to a one-year low last week. But as the
economic data showed tepid signs of improvement, a number of investors and
traders have begun to argue that the stock-market may have turned a corner.
Mr.
Applegate said the Global Investment Committee he runs at MSSB, which meets as
many as 20 times a week but makes only very infrequent changes to its
positioning, didn’t come to the conclusion lightly.
Two
and a half years ago, Mr. Applegate began shifting to a more aggressive
position, benefiting from the major U.S. stock indexes’ 70% increase off its
the March 2009 trough. While he says there was “no single event” that tipped
the balance this time around, Mr. Applegate’s pessimism is based on well-known
concerns: the ongoing debt crisis in Europe, fears of a “double dip” recession
in the U.S. and concerns about central bankers’ ability to support the wavering
global economy.
“The
policy action being taken, both in Europe and the U.S., is too little, too
late,” he says.
Mr.
Applegate doesn’t rule out a comprehensive plan to prevent a European banking
crisis, but he worries that Europe’s economy may nonetheless falter —
particularly as the European Central Bank holds interest rates steady after
several increases earlier this year.
“Europe
will avoid a Greek default, but what we ware saying is that they’re heading
into recession anyway,” he said. “The European economy wasn’t exactly robust to
begin with, and it’s hard to see how it’s going to get better.”
To be
sure, Mr. Applegate concedes that the economic picture could gradually improve,
“in which case our call is going to be incorrect.”
“We’re
sifting through the evidence all the time, so if it looks like we’ve got it
wrong, we’ll need to change our course,” he said.
Mr.
Applegate says he isn’t bothered by the market’s recent 11% run-up.
“We
have always said that we never try to time the market, and we don’t,” he said,
adding that his committee is flexible enough to reverse course — or even turn
more bearish if economic conditions deteriorate more than he fears. “We could
still get more defensive,” he said.’
Double-Dip Recession a
Foregone Conclusion: Roubini Oct 11th, 2011 News (CNBC) — The
world’s advanced economies are headed for a second recession, regardless of
whether there is further chaos in Europe, Nouriel Roubini told CNBC on Tuesday.
The economist who correctly predicted the 2008 financial crisis, but has got
some other bearish calls wrong, said his reading of recent data suggested the
U.S., euro zone and the UK are already on the verge of falling into a recession
in the next quarter or two.“ The question is not whether or if there
is going to be a double dip, but whether it’s going to be mild or severe with
another financial crisis ,” Roubini told CNBC on the sidelines of
the World Knowledge Forum in Seoul. “The answer on that depends on the euro
zone.”According to Roubini, a disorderly situation in Europe caused by a
sovereign debt default, a banking crisis or an exit of one of the members from
the euro zone, would be a shock more severe than the collapse of Lehman Brothers.
He added that Europe had to get its act together and “do the right thing” by
the G20 meeting in Cannes in the first week of November.[ source ]
The REAL $200 TRILLION Problem
Bernanke’s Worried About Phoenix Capital... : 10/12/2011 – ‘US Commercial banks
have $200 TRILLION in interest rate based derivatives sitting on their balance
sheets. And guess which banks have the greatest exposure? Phoenix Capital Research
Ben Bernanke
CDS
default
Federal Reserve
Greece
I’ve stated
before that Bernanke isn’t interested in interest rates for employment of
economic purposes. We now have definitive proof this is the case.
http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/09/sc-4_0.png
As you
can see, interest rates have actually RISEN after the announcement of QE lite,
QE 2 AND Operations Twist #2.The evidence is clear, QE has not lowered interest
rates. Indeed, the only time rates FELL in the last two years was when the Fed
WASN’T engaged in QE (May 2010-August 2010 and June 2011-September 2011).So
what gives? Does the Federal Reserve not have a stockcharts account? Don’t tell
me that with the TRILLIONS spent bailing out banks the Fed can’t afford to
print a couple hundred bucks to see Treasury yields. Heck, there are plenty of
FREE sources for Treasury charts.Jokes aside, it’s clear the Fed is engaged in
QE for another reason or reasons. I believe they are:
#1) To absorb
the insane debt issuance to permit the US’s massive deficit.
#2) To keep the
interest rate based derivative market in check.
Regarding #1,
it’s no surprise that the US has been running a deficit that would make Greece
proud. Indeed, the primary strategy of the powers that be since the Great
Crisis began in 2008 was to attempt to make up for the sharp downturn in the
private sector by spending obscene amounts of money.The Fed played a big part
in this. Indeed, since QE 1 was announced the Fed has bought over $1.2
TRILLION in Treasuries. The Fed claims it isn’t funding the deficit directly.
That’s only partially correct. The Fed is supposedly buying old Treasuries from the banks. However, the definition of
“old” can mean one or two weeks.Tell me with a straight face that isn’t somehow
buying new Treasuries.As for the derivatives situation or #2 in my list above,
82% of the $244 TRILLION in derivatives sitting on US commercial bank balance
sheets are based on interest rates. Put another way… US Commercial
banks have $200 TRILLION in interest rate based derivatives sitting on their
balance sheets. And guess which banks have the greatest exposure?
http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/09/top%20four.gif
Looks a lot
like the list of the VERY banks the Fed has been giving the most money/
preferential treatment to. Coincidence? Nope. This is the $200 TRILLION problem
Bernanke’s so worried about. It’s THE reason he keeps funneling money to the
TBTFs.And he WILL lose control of it, just as he did in 2008.Consider that
Financial leverage levels today are higher than during the Tech Bubble. Only
this time, the problem will be far FAR worse.Why?Because 2008 was caused by the
Credit Default Swap (CDS) market which was $50-60 trillion at the time. As I
stated before, the interest-rate based derivative problem is $200 TRILLION in
size.Even if only 4% of this is “at risk” and 10% of that “at risk” money blows
up, you’ve STILL pretty much wiped out the equity at the TBTFs.You think
Bernanke might be worried?On that note, if you have yet to prepare yourself for
what’s coming, now is the time to do so. Whether it’s by moving to cash and
bullion, opening some shorts, or simply getting out of the markets altogether,
now is the time to be preparing for what’s coming (remember, stocks took six
months to bottom after Lehman… and that was when the Fed still had some bullets
left to combat the collapse).And if you’re looking for specific ideas to profit
from this mess, my Surviving a Crisis Four
Times Worse Than 2008 report can show you how to turn the unfolding disaster
into a time of gains and profits for any investor.Within its nine pages I
explain precisely how the Second Round of the Crisis will unfold, where it will
hit hardest, and the best means of profiting from it (the very investments my
clients used to make triple digit returns in 2008).Best of all, this report is
100% FREE. To pick up your copy today simply go to: http://www.gainspainscapital.com and click on
the OUR FREE REPORTS tab.Good
Investing!Graham Summers PS. We also feature four other reports ALL devoted to
helping you protect yourself, your portfolio, and your loved ones from the
Second Round of the Great Crisis. Whether it’s my proprietary Crash Indicator
which has caught every crash in the last 25 years or the best most profitable
strategy for individual investors looking to profit from the upcoming US Debt
Default, my reports covers it. And ALL of this is available for FREE under the OUR FREE REPORTS tab at: http://www.gainspainscapital.com .’
Europe eyes bigger Greek losses for banks
Markets Are Dealing With a
Foreboding Financial Backdrop
Minyanville
Lee Adler Oct 12, 2011
‘Tracking the Fed, Treasury, primary dealers, foreign central banks, money
supply, and other key elements of US market liquidity to undertsand how markets
are operating.
Two
weeks ago I began to report that foreign central banks (FCBs) had begun to
engage in unprecedented levels of disgorgement of their massive holdings of US
Treasury and Agency paper. Prior to this year, the FCBs had typically absorbed
the equivalent of 25% of new US Treasury issuance month in and month out. That
was effectively a subsidy of US financial markets . It lowered
long-term interest rates artificially and injected cash into the US markets and
banking system. money printing, primarily skyrocketing
commodity prices, exploded in Ben Bernanke's face, he was forced to discontinue
the program and allow the Treasury market to fend for itself. The Fed had
convinced itself through its self-congratulatory in-house research, that there
would be more than enough demand for Treasuries for the market to stand on its
own without the Fed propping it up. data . Normally, prior to the last five
weeks, the instances when they were actually net sellers were few and far
between. What has been going on here lately is no less than a sea change. income paper in
recent weeks. This data is released with a 10-day lag, so I only have data
through September 28, but given the market action this week, this trend is
certainly continuing. http://image.minyanville.com/assets/FCK_Jan2011/Image/October11/12/la10121.JPG
http://image.minyanville.com/assets/FCK_Jan2011/Image/October11/12/la10122.JPG stock market rallies, when bonds sell
off and yields rise, may be coming to an end, and the day where both stock and
bond prices fall and yields rise together, may be at hand. Editor's Note: This article was originally published on Wall
Street Examiner .’
The Structural Challenges
Facing Muni Bonds
Minyanville
Dave’s Daily http://www.etfdigest.com/davesdaily ‘The only thing wrong with the
image above is that it’s from March 2010, or on one of many previous plans
agreed upon. But, markets don’t care about this and just thirst for any deal
even if memories remain short. These euro zone fixes seem ephemeral and need
implementation to stick. HFT algos are programmed to pounce on these presumed
fixes and have been active in driving stock prices higher this past week. Let’s
face it; this is the time of year bulls can make their year with good fees and
bonuses on the line…
[video] Trader: We Could Test
1120 Lows at TheStreet.com
There's A Recession Coming
According To The Data at Forbes ‘ The stock market peaked in April,
and is behaving in the saame fashion it did in late 2007, when big troubles
from real estate writedowns were spreading through the financial sector.
The
most worrisome statistic this week was the Empire State Manufacturing indedx–
wehich was down from a minus 3.76 to a minus 7.7– a leading indicator of
recession in the past. The new industrial orders index from New York remained
well below zero at minus 7.8.
The
Federal Reserve Board has promised to keep interest rates at zero until 2013–
an admission that the economy is not expected to rebound for two years– until
the next President is in the White House. This policy step indicates the Fed
does not believe the economy will recover either this year or next year. Never
before has the centreal bank made such a policy declaration for as long a
period as two years.
There
were 1300 new lows in the market on August 8th– another phenomenon that hasd
not taken place since the great stagnation was triggered in 2008. Even though
the market indexes made up all their lost ground, it appewars that investors
are willing to delude themselves that corporate profits will reemain at
very high levels despite the period of austerity we are clearly entering.
The
austerity required in Europe to deal with the sovereign debt crisis is likely
to push Europe into a recession. This will impact US corporations dependent on
important profits from Europe.
The
corporate return on revenues has risen the past two years to a peak of 14%– an
unusually high level of profits– that is not expected to continue.
Consumer
savings are rising as household debt gets paid back. But, we are a long way
from safety levels of savings in a high unemployment period. And the higherb
the saavings rise so the lower the level of consumption will be.
Housing
numbers were down 1.5% last month underscoring that the turnaround in housing
is not close at hand.’
Market's Swoon Should Be Your Wake Up
Call
Watch Out: 2011 Looks A Lot
Like The Market Top In 2007 : ‘Back on December 12, 2007 I wrote a market
commentary that started as follows:
The equity markets have been very
volatile this year, but also range bound. A picture speaks a thousand
words so all one needs to do is view the chart below of the S&P 500 Index
to understand just how volatile and range bound things have been.
Specifically, since February 20, 2007, only nine and one half months or so ago,
the S&P 500 Index has been down 5.86%, up 13.02%, down 9.43%,
up 11.26%, down 10.09%, and now up 7.73% – through 12/10/07 – so far in this latest up leg!
All this in ONLY nine and one half months!
http://blogs-images.forbes.com/advisor/files/2011/07/market-commentary-1.jpg
History
is repeating itself so far in 2011, which has been fraught with ups and downs
in both international and domestic equity markets. This is due to many
things, including the considerable economic doubts and various countries debt
situations. This uncertainty has translated into market performance with direct
impacts on portfolio returns and more prominently in portfolio volatility. This
volatility is best seen in the chart below of the S&P 500 Index beginning
1/1/11.
http://blogs-images.forbes.com/advisor/files/2011/07/market-commentary-2.jpg
2010
ended positivity and the momentum carried into the first two months of 2011
however the end of February began a series of events that led market returns on
a whipsaw ride of ups and downs, resulting in the current universal mid-year
views of market uncertainty.
What
news was associated with this volatility? All the usual; crude oil prices,
natural disasters, corporate earnings, politics, economic forecast revisions
for both developed and emerging markets, the European debt situation, the
United States debt situation and more to name just a few.
One
thing is for certain; the current volatile, range bound market activity is
difficult at best to profit from. In this investing environment patience
is the most important attribute. I will be patient and will be careful
until the trends are preferable.
Our
strategy at Hanlon Investment Management is to attempt to minimize downside
risk by exiting risk asset classes, such as equities, during periods of
uncertainty, getting invested in more conservative asset classes, such as money
markets and short-term bonds, and re-entering into risky asset classes when we
identify them as attractive, when the trend is our friend and positive!
Having
identified this volatility, in June we made defensive, tactical investment
decisions that provide less exposure to these volatile, range bound markets and
prepare us to re-enter the markets when they possess improved risk characteristics.’
SEC may
have destroyed documents, senator says 17 Aug 2011 ‘The Securities and
Exchange Commission may have destroyed documents and compromised enforcement
case ... Grassley:
Agency may have got rid of Goldman, Madoff documents Ronald D.
Orol , MarketWatch WASHINGTON (MarketWatch) — The Securities
and Exchange Commission may have destroyed documents and compromised
enforcement cases involving activity at large banks and hedge funds during the
height of the financial crisis in 2008, according to allegations made by a
lawmaker on Wednesday. “From what I’ve seen, it looks as if the SEC might have
sanctioned some level of case-related document destruction,” said Sen. Chuck
Grassley, Republican of Iowa, in a letter to the agency’s chairman, Mary
Schapiro. Sen. Chuck Grassley “It doesn’t make sense that an agency responsible
for investigations would want to get rid of potential evidence. If these
charges are true, the agency needs to explain why it destroyed documents, how
many documents it destroyed over what timeframe, and to what extent its actions
were consistent with the law.” Agency staff “destroyed over 9,000 files”
related to preliminary agency investigations, according to a letter sent in
July to Grassley, the top Republican on the Senate Judiciary Committee, and
obtained by MarketWatch. The allegations were made by SEC enforcement attorney,
Darcy Flynn, in a letter to Grassley. Flynn is a current employee, and
according to the letter, received a bonus for his past year’s work. Flynn
alleges the SEC destroyed files related to matters being examined in important cases
such as Bernard Madoff and a $50 billion Ponzi scheme he operated as well as an
investigation involving Goldman Sachs Group Inc. GS +0.33% trading in American International
Group credit-default swaps in 2009. Flynn also alleged that the agency
destroyed documents and information collected for preliminary investigations at
Wells Fargo & Co. WFC +1.34% , Bank of America Corp. BAC +0.81% , Citigroup C +0.13% , Credit Suisse CS +0.38% , Deutsche Bank DB +0.79% Morgan Stanley MS -0.06% and the now-bankrupt Lehman
Brothers. The letter goes into particular detail about Deutsche Bank, the
former employer of current SEC enforcement chief Robert Khuzami as well as
former enforcement chiefs Gary Lynch and Richard Walker…’ Sen. Chuck Grassley “It doesn’t make sense
that an agency responsible for investigations would want to get rid of
potential evidence…’ [ Oh but it does make sense Sen.
Grassley: Report: SEC lawyer exposed FBI
informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman ]
The
forex market is causing some companies to pull up stakes — Heard on
the Street
Resisting
the urge to buy the dips — Josh
Brown
Maybe
it’s not stocks that are cheap, but earnings estimates that are high — Ritholtz
China’s
worsening credit crunch — Pragmatic Capitalism
The
Occupy Wall Street protesters are winning — Josh
Brown
The
gap between economic data and sentiment — Abnormal
Returns
Recession,
restructuring and the ring fence — John Hussman
What
happens after a Greek default? — Fortune
Stop
blaming Greece for the market’s problems — Mark
Hulbert
China’s
credit crunch is worsening — FT
Alphaville
Another
huge earnings miss coming? — James Bianco at The Big
Picture
It’s
science: 92% of all Billboard top ten songs are about sex — The
Atlantic
Frau
Merkel, it really is a euro crisis — Ambrose
Evans-Pritchard
Hero
or hypocrite? The Buffett Rule, then and now — Jeff
Matthews
CRB
commodity index back to 1749 (warning: extreme verticality) — Ritholtz FT
Alphaville
Europeans
still don’t seem to understand the enormity of their crisis — Economist
Misunderstanding
the effects of QE2 was a grave mistake, hurting us today — Pragmatic
Capitalism
The
myth of cash on the sidelines — James Bianco at The Big
Picture
A
flowchart of Greece endgames — none appealing — BBC
The
unexamined crisis of 2008 — Economist’s
View
Monetary
moves have lost their magic — Reuters
Breakingviews
Jobs
are not really being held back by deficit uncertainty — The
Atlantic
The
real failure at Netflix — Abnormal Returns
Peak
oil may be beside the point — Economist
The
Troy Davis case shows how wrong eyewitness evidence can be — Slate
The
Tiger Mom goes to China — New
Yorker
Overconfidence
may be an evolutionary advantage — Discover
Buy
your own private island in NYC for less than $300,000 — Curbed (via Felix Salmon )
Bank
of America’s layoffs pointless, “wouldn’t even pay the lawyers” — Huffington
Post
Time
to break up Bank of America — The
Atlantic
Why is
the UK still rated AAA? — FT
Alphaville
New
human ancestor discovered — WSJ
The
cost of a crowded volatility trade — FT
Alphaville
Workers’
malaise foreshadows wider social issues — Mohamed El-Erian at Reuters
No,
we’re not waiting for your official recession call, economist –Josh Brown in Forbes
Your
guide to living in 10 fictional worlds — Wired
Failing
US economy no reason to stop investing in print media, all experts agree — The
Onion
Enough
with the monetary easing already — Pragmatic
Capitalism
The US
economy is becoming more susceptible to hurricanes — Real
Time Economics
How
Irene lived up to the hype – Five
Thirty Eight
The
War on Terror is dead — The
Atlantic
Emerging
markets now have more heft and reach than developed ones — Economist (video)
Why is
the White House defending banks from investigations? — Megan
McArdle CNN/Money
Know
the difference between short-term and long-term problems for the economy — Ritholtz
Why
aren’t governments more afraid of a double-dip recession? — The
Atlantic
France
deserves a downgrade at least as much as the US does — Bethany McLean in Slate
Recent
market volatility has historical precedent — Mark
Hulbert
Stop
worrying about China not buying Treasurys, already — FT
Alphaville
Fed
hawks at odds over their reasons for dissent — Reuters
Why
Rick Perry made a bid for the anti-Fed set – Slate
Maslow’s
hierarchy of needs gets an update — The
Atlantic
How
did so many people feel one small quake in Virginia? – The
Atlantic
Philly
Fed coincident indicators turning red — Calculated
Risk
Treasurys
are priced for disaster — Capital
Spectator
Profit
recession risks tick higher — FT
Alphaville
The
rich can afford to pay more taxes — Bruce Bartlett in Economix
Everything You Need to Know About the
Latest Market Plunge Minyanville Staff Aug 18, 2011 ‘After a rather benign start to the week,
markets plunged on Thursday with the S&P 500 shedding 4.5% and the
Nasdaq-100 falling nearly 5%. The main driver on the day was speculation
European banks remain insufficiently capitalized. Gold jumped nearly 25 to a
record high and Treasuries rallied. Among stock movers, Apple ( AAPL ) outperformed the indices but still
dropped 3.7%, Microsoft ( MSFT ) also
outperformed closing down just 2.2%, Bank of America ( BAC ) dropped 6% and Oracle ( ORCL ) fell 8.3%. Is
It 2008 Again? Looking at the Summer Crash of 2011 bear market has begun, and
bonds got it right as early as February that the biggest threat to the global
economic system is deflation. Dynamics
of This Market Panic Ripple Though History Are
Gold and S&P 500 Behaving Logically or Irrationally?
Random
Thoughts: Fed Dissention and Financial Market Fatigue
Handicapping the Global
Economic Recovery Coming
in October: Next Major Price Cycle Low Volume
Trends Suggest Worst Is Not Over for Stocks The Sign
of the Bear Economy
Showing Signs of Life, but Not for Long Wall of
Worry Keeps Rising on Europe's Credit Crisis Fears Why
Is Everyone Bullish on the US? Wall Street will always
think positively of the market, but the facts are pointing to a bearish phase. Five
Things You Need to Know: Asymmetric Economy Increasingly Untenable and Unstable Fed's
Easing Policy Means Worse Living Through Convexity investing and weakening
the economy in the long term. Are US
Markets Facing the Abyss?
Dow Tumbles on New Worries
About Same Old Issues - Aaron Task
Who’s Worse: U.S. Banks or
Bernie Madoff? - Stacy Curtin
WHY NEW LOWS ARE LIKELY Simon Maierhofer, August 18, 2011 Last Sunday's
(August 14) ETF Profit Strategy Newsletter update listed 5 reasons why new lows
are likely. Here they are:
HISTORIC
REVERSAL
We've
been expecting a major market top in the S&P 500 (SNP: ^GSPC), Dow Jones
Industrials (DJI: ^DJI) and Nasdaq (Nasdaq: ^IXIC). The April 3 ETF Profit
Strategy update identified the ideal target range for a major top to be 1,369 -
1,382. The chart below was featured in the same update.
It
outlines a top around 1,370 followed by an initial decline to about 1,230
(happened in June), followed by a rally (happened in July), followed by a steep
decline.
DEATH
CROSS
The death
cross is one of the most talked about technical events, that's why I don't put
too much stock in it. However, there are two interesting facts about previous
death crosses.
The 2000
and 2007 death cross occurred about three days before the S&P embarked on
its next leg down. The 2010 death cross was actually a buy signal. However, it
occurred after the S&P and DJIA bounced off a multi-year trend line. This
time the trend line was broken so a more bearish interpretation of the death
cross is appropriate.
https://www.etfguide.com/images/PDNewsletter_Images/5%20-%20April%203%20TF.jpg
SEASONALITY
August,
September, and October is the most bearish stretch of the year. September and
October sport negative performance even in the pre-election year.
SENTIMENT
From
S&P 1,370 on May 2 to S&P 1,258 on June 16, the S&P shed 112 points
and sentiment measured by Investors Intelligence (II) and the American Association
for Individual Investors (AAII) turned deeply bearish (only 37% II bulls). The
June 16 ETF Profit Strategy update took that as a queue to buy (long positions
were closed at S&P 1,340).
From
S&P 1,353 on July 7 to S&P 1,102 on August 9 the S&P lost 251
points, yet the II sentiment poll registered the second most bullish reading
since the first week of May (47.3% II bulls). AAII and II polls are often
considered the 'dumb money.' If the 'dumb money' views last Wednesday's low as
a buying opportunity, the 'smart money' should be suspicious.
VIX
PATTERN
If you
have the charting capabilities, take a moment and plot the VIX (Chicago
Options: ^VIX) against the S&P for the months of September - November 2008
and April - July 2010. If you don't have the time you may simply look at the
chart below.
https://www.etfguide.com/images/PDNewsletter_Images/yahoo%20-%20vix%20pattern.gif
What
we've seen in 2008 and 2010 is that a VIX peak did not coincide with the
S&P bottom. The S&P bottom actually occurred against a lower VIX
reading. If this pattern continues, we will see lower lows.
The
August 14 ETF Profit Strategy update includes a detailed analysis of the VIX
pattern.
THE
SCRIPT
Via more
or less accidental chart surfing I found a striking resemblance between the
2007 market top and the May 2011 top. This moved me to state in the July
17 Profit Strategy update that:
'There is
a similar trend line and a triple top above the trend line. A break below that
trend line could be a precursor of bad things. Next week the trend line will be
at about 1,262.' The S&P sliced through that trend line on August 4 and
fell an additional 12% within the next four days.
The
August 7 Profit Strategy update revisited that script and concluded this: 'We
now have a rough script; let's see how much lip the actors will add during the
live performance (I.e. S&P downgrade).
The two
main things I have taken away from the 2007 script are:
1) There
will be a new low.
2) There
will be a powerful counter trend rally to around 1,xxx (reserved for
subscribers).'
THE
VERDICT
We got
the new low and we got a rather powerful rally. Now the question is, how long
will the low last and how high will stocks rally?
The
script suggests there will be another low. The VIX pattern suggests there
should be another price low. Seasonality suggests that there's some headwind on
the way up. Sentiment readings suggest we should be suspicious of any rally.
The death cross also suggests lower prices.
SUMMARY
There were a number of good reasons to expect new lows on Sunday.
Yesterday's ETF Profit Strategy update recommended to go short as soon as the
S&P breaks below 1,373. This happened within the first few minutes of
trading today. Now it's time to let the script play out…’ S&P Triggers 200-day MA
Death Cross - What Does this Mean? ETFguide.com
Is This a New Bear Market? The
Chart That Tells The Whole Story ETFguide.com
Why The Worst May Be Yet To
Come ETFguide.com
Abandon Ship ?[The USS Titanic] Yes, Because of These 5 Bearish
Icebergs | iPhone 2 (robot)... By Michael McGill August 18, 2011 is a day that has handed out some of the worst economic
news since a few days in the 2008 financial crisis, and it has the Dow Jones
Industrial Average down big time. The reasons keep piling up to turn bearish
and pile into safer investments. Here are 5 reasons showing that investors need
to be on the watch out for choppy waters tsunami type waves ahead: Homes Sales
Drop 3.5% in July – This marks the weakest sales (4.67 million) figure in 14
years, even beating last year’s disappointing mark of 4.91 million. This is
despite the average rate of a 30-year fixed mortgage coming in at its lowest
level on record (4.15) this week. This is data to fight the ever increasing
hope that home owners have of increasing the value of their homes. Jobless
Claims Rise 9,000 – Last week investors were looking for Complete Story » Homes Sales
Drop 3.5% in July – …
Jobless Claims
Rise 9,000 – …
Treasuries
Hitting Record Highs (record low yields) – …
Inflation at
the Consumer Level Rose to 0.5% in July – …
World GDP
Growth Slowdown - …’
Dow/Gold Ratio Lowest Since 1987
Crash Today’s gold buyers might still get to look early birds
as this depression wears on… GROWTH or defense… stocks or gold?
Intra-day noise aside in summer 2011, Mr.Market’s choice looks plain.
The
Dow/Gold Ratio – a measure of the U.S. stock market’s valuation in ounces of
gold – has sunk as equities have plunged but gold prices have jumped so far this summer.
Dropping
through 6.0 ahead of Friday’s New York opening, the Dow/Gold Ratio hasn’t been
this low since early 1989, back when world equity markets were recovering from
the Great Crash of Black Monday 1987.
http://goldnews.bullionvault.com/files/DowGoldviii11.png
That
slump itself had taken the Dow/Gold Ratio all the way down to 3.6, with gold prices rising to
nearly $500 per ounce as the Wall Street index sank to 1776 points. Growth, of
course, was only taking a pause in late 1987 – a quick breather before the real
race to perfection of the late 1990s. Today, in contrast, the Dow/Gold Ratio
could still go a lot further down. Or so says history.
Trading
a little over its century-long average of 10.0 today, the ratio bottomed during
the 1930s Great Depression at just below 2.0 ounces of gold for one Dow unit.
At the nadir of the next global depression – the inflationary depression of the
early 1980s – the Dow/Gold Ratio sank even lower, down to 1.0.
Whatever
flavor of depression we’ve got at the start of this decade – and it is a depression, as Western jobs data continue to show and
as the Dow/Gold yardstick will confirm if it goes much lower (keep an eye on
the underperformance of gold mining equities, too) – a growing flow of private
savings is choosing defense in gold bullion rather than choosing
business-risk in listed stocks.
That
choice might sound self-fulfilling if you work in psychiatry or government, a
kind of “clinical disorder” open to curing with medication, zero interest rates
or perhaps a third round of quantitative easing – most likely aimed at risk
assets, we guess, rather than the “risk free” Treasury bonds targeted by QE1
and QE2 – and which institutional investors are all-too keen to hold anyway.
So
far, however, investors choosing to buy gold only account for a tiny portion
of the money fleeing equities.
From
here to a true depression low in Dow/Gold (if such a level is reached), today’s
gold buyers will need to find many more friends. They’d also look early-birds
compared with the rush out of stocks – and into gold – needed to reach that 2.0
or 1.0 mark.’
The Great Stocks Vs. Gold
Round Trip Aug 19th, 2011 News (BusinessInsider) — ‘ When priced in gold stocks have now returned to
where they were at the market’s low-point, back in 2009. Actually, we’re even
worse now. http://www.usagold.com/pete/newsviews/20110819GoldSPratio.jpg PG View : In 1965 De Gaulle called for a
return to an “indisputable monetary base,” one that “does not bear the mark of
any particular country.” He of course was referring to gold. As was pointed out
in a Forbes article early in the week on the 40th anniversary of President Nixon closing the
gold window, “ over
the last four thousand years, the only period in which humanity has not
consistently based its currency in metal, specifically gold, is the last forty .” And look what that has wrought…’
Ignore Buffett's Advice, Don't
Buy Stocks at Forbes The markets plunged going into August 8. On that day, the
DJI closed with a loss of 629 points. My indicators signaled that a brief
bounce would commence the next day. According to the charts, the first target
for the S&P 500 was 1205. The target was hit exactly a few days later. That
was followed by a renewed plunge.
I have
been looking for a serious crisis to start in September. It appears that we
have seen the prelude for that. The big smart money has been preparing for the
past five months.You can see the “distribution pattern” on the charts since
mid-February. The rush to the exits is now accelerating and the smart money has
been selling short in large amounts.
The
extreme bullish sentiment that prevailed until the latest plunge was first
replaced by complacency, then by concern. However, the “fear” stage is still
missing, except at hedge funds that were forced to sell because of margin
calls. In fact, during the severe plunge in the first week of August,
investment investors became even more bullish according to
Investorsintelligence.com. That is not good for the markets.
The
market negatives are increasing in numbers. The IPO window is now shut. There
are signs that credit is once again vanishing. Loans are being called in, some
companies appear to have difficulties rolling over their Commercial Paper, junk
bonds yields are soaring, European banks may stop lending to each other, and
the European crisis is spreading out across the globe. It’s my view that this
will cause another credit crisis, just as in 2008.
What’s
worse is that contrary to 2008, the big players learned to read the signs from
their 2008 mistakes. They are now wide awake, although in the media, their
minions still repeat the same bullish fairy tale. This means that this crisis
could develop much faster than the last one. (Read my book, Financial Apocalypse, which is the 2008 roadmap, one
which can be used very well for what is now happening.)
The
words “possible recession” suddenly is being mentioned a lot in the media,
although economists still strongly deny that possibility. Our rule is that the
stronger their denials, the more certain and the deeper the recession will be.
In fact, I declared in our May 9 issue of the Wellington Letter that the
recession had started.
Morgan
Stanley lowered its global GDP growth forecasts for 2012 from 4.5% to 3.8%. My
forecast is for 1%-2% or less. It would be negative growth except for the
fudged inflation numbers.
The
European politicians are not any smarter than those in the U.S. Merkel and
Sarkozy had a meeting in Paris and did nothing. That day I called the outcome
“Disastrous” for the markets. It took the markets a day to digest the
consequences and then the selling avalanche started. Many of the markets in
Europe, led by the banks stocks, went into virtual free falls, losing from 4%-7%
in one day. Such losses indicate an approaching crisis.
Now we
see some of the well-known Wall Street figures appearing in the media, telling
investors all the reasons why stocks are a good buy. One appeared with a long
list of bullish factors. Well, that list didn’t prevent the global stock market
from losing an incredible $6 trillion over the past several weeks. He did the
same cheerleading on national TV in 2007 before investors lost 50% of their
wealth.
Warren
Buffett is also once again the cheerleader saying he is buying stocks. He did
that in 2007-2008 as well, and then the meltdown started later in 2008.
I
would not fall for this self-serving advice. Words cannot rescind a recession
that we already have, it cannot stop the insolvency of entire countries in
Europe, it can’t change the fact that major profit downgrades will appear soon,
and it can’t stop the China crisis that is now starting.
Gold
is soaring, but the mining stocks look terribly weak. There is great danger now
with the gold stocks getting hit hard by less developed countries, including
South Africa, to nationalize gold mines. This is too lucrative for them to
resist.
I
would get out of all money market funds unless they are “U.S. government
only.” The MMFs have big exposure to European banks. We believe that
lending between banks in Europe may seize, which means that the whole structure
will start shaking. You will start hearing the word “contagion.”
In my
opinion, the danger period is approaching. What we have seen until now is just
a “preview.” The main feature is likely to be worse.
Bert
Dohmen is editor of Bert Dohmen’s Wellington Letter and author of Prelude To Meltdown (2007) and Financial Apocalypse (2011).’
The "Crimes" That
Wrecked The Markets Forbes / Robert Lenzner ‘CNN’s anchor in London, Richard Quest,
raised the issue squarely today about trying to explain the “crimes” that have
created this failure to recover from the 2008 recession and the fear of
another downturn in the economy that could wipe out many of the gains we
have achieved. Quest, of course, did not mean felonies or violations of the law
that would land people in prison. I think he meant crimes of bad policy, crimes
of financial illiteracy, crimes of stupidity, crimes of poor leadership.
So,
here’s my attempt to sum up my answer to Quest.
The
powers-that-be saved the Masters of the Universe on Wall Street by using
trillions of loans, investments and guarantees that sent the signal that
Finance was the nation’s Number One Priority. This historic gift to
finance meant that the growing disparity between the super-rich and the middle
class would continue to widen, without anyone of our top policy gurus
suggesting it was splitting our nation. Some academics even worry about the
“crime” of pushing the middle class into poverty.
Nevertheless,
there was no bold strategy left to help those out of work. It was a “crime”
that the stimulus program did nothing to create any jobs in the private sector.
Obama’s economic adviser in 2009 , Larry Summers, was dead set against a
make-work program to put the nation’s skilled construction workers busy on
repairing the rusting infrastructure he finds distasteful at airports and
railroad stations. Now, we are going to be given the sop of an infrastructure
bank that couldn’t possibly be in place for years, if ever.
No
question the handling of the debt limit debacle was “crime” of poor
planning, no overall shred strategy and trying to effect a master plan for
$4 trillion cuts with only days to go before the August 2nd deadline.
Keystone Cops, whatever you wish to call it caused a loss of confidence
in the nation’s politicians; a kind of virtual “crime” on the public who
deserved better. Much better. This entire episode removed the foundations to
rational expectations for the stock market– and threw the nation into a
madhouse of volatility and confusion.
I
don’t know what to call the lapse in the markets faith in paper money– and the
more-or-less steady rise in the price of gold from $850 an ounce 3 years ago to
well over $1800 today. There is no other stock, bond or commodity you
could have purchased that had this magnificent performance. Well, maybe the
shares of Apple, and some global commodity producers.
Moreover,
it was a “crime” to do nothing about the obscene bonuses taken by the Masters
of the Universe– who only were able to pay themselves in this way because of
the federal bailout. No one has tried to get back the fortunes taken away
by Lehman’s Richard Fuld, Countrywide Credit’s Angelo Mozillo–or either
of the Merrill Lynch CEOs, who helped destroy their iconic firm. Now there’s a
“crime.”
Then,
there’s the SEC’s unwillingness to reinstitute the uptick on short sales
of stock– so that hedge funds and other speculators could not trigger sharp
sell-offs in the stock market If you had this “uptick” rule back, every short
seller would have to wait for a transaction at a higher price to sell
short– rather than the libertarian “crime” that allows them to pound a stock
lower to make sure-thing profits. It’s a crime short sellers are able to shoot
ducks in a barrel. Shocking lack of fairness. No wonder Aunt Sadie is fleeing.
No
doubt there were “crimes” committed in the week of volatility, with gyrations
that scared the public. These movements up and down were caused by the high
frequency trading by computers owned by hedge funds– who are not investors– but
in-and-out traders several times a day and who have no regard for fundamental
values. These Masters Of The Universe have the ultimate power in
American society because of their political contributions and lobbying.
I
believe Obama’s health plan to be a “crime” because it was a sellout to the 5
giant health insurance firms that were given 4 years clear and free to raise
their premiums without interference. It was a “crime” because Obama was told by
leading Senators it was a terrible sellout of the citizenry.
I
don’t know what to call the bankruptcy of fiscal and monetary policy. In
some existential sense it is a “crime” that we have run out of fiscal and
monetary ammunition to turn this collapsing shock treatment around. It is
a “crime that 300 million people will be looking for Ben Bernanke, Fed
Chairman, to pull a rabbit out of a hat in Jackson, Wyoming next week, when central
bankers are meeting. QE2 came from last year’s meeting– but it created no
jobs.
The
same will be true after Labor Day when the much-ballyhooed Obama speech
on jobs is coming. I fear expectations are going to be terribly disappointed.
Expect rhetoric as in “We have always been a Triple A nation– and we
always will be Triple A. ” That was a “ crime” of speaking mush, when 300
million people know better, and wanted to hear something meaningful. Not to
have bold, kick-ass leadership at a time of crisis is a sad sort of a
“crime.” ‘
Accounting Gimmics Resurface
as Growth Flounders at TheStreet ‘ -- Accounting gimmicks -- once the
staple of the boom-boom stock market -- are on the rise as companies attempt to
convince analysts and investors that they are profitable despite a sluggish
economy, according to industry watchers. Accounting techniques of
Groupon and Zynga were under the spotlight recently, with the
Securities and Exchange Commission instructing both companies to adhere to more
stricter and conventional accounting standards, causing them to amend their IPO
offer documents.
The creative metrics in the IPO
documents of recent social-media IPOs are reminiscent of the dot-com bubble when
stocks were valued on
metrics like "eyeballs", while fundamentals like revenues and profits
were ignored.
Rebekah Smith, director of financial advisory
services at accounting and consulting firm GBQ consulting, says accounting
tricks and schemes are likely to start unraveling as we head into 2012 and the
lag effect catches up. "The typical accounting fraud goes on for about 18
to 26 months before it is uncovered. The frauds that took place in 2009 are not
going to surface until later in 2011 or into 2012."
Financial statement fraud like the kind
that took place at Enron are rare. The Association of Certified Fraud Examiners
estimates that such manipulation accounts for only 4.8% of total fraud cases,
although it causes the most financial damage, with the median loss being more
than $4 million.
But accounting gimmicks that focus on
non-GAAP (Generally Accepted Accounting Principles) measures are rampant and
they can be misleading.
Groupon, for
instance, claimed that the marketing expenses incurred to acquire customers
were "one-time investments" and hence they should be excluded from
the calculations of operating income.
By that metric the company made an
operating profit at $81.6 million in the first quarter of 2011, as opposed to
an operating loss of $113.9 million under traditional accounting standards.
However, analysts were quick to point
out the metric was absurd. "If you are going to capitalize acquisition
costs, the onus is on you to show proof that acquired customers stay as
customers (and actually buy products for many years)," Aswath Damodaran,
Professor of Finance at Stern School of Business and a reputed author of
textbooks on valuation, wrote in a blog post.
"With strong competition from other
online coupon based companies (like LivingSocial), it is entirely possible that
customers once acquired, are fickle and move on... If that is the case, the
acquisition cost has a very short amortizable life and begins to look more like
an operating expense," he wrote.
Zynga issued a restatement of its second
quarter results saying it did not hew to accounting standards in the way it
estimates how long people play its video games. That had the effect of
understating revenues during the second quarter. While the impact of the
Zynga's restatement itself was not substantial, it highlighted the murky
accounting involved when it comes to new business models. "There is a new market of publicly
traded companies with business models that open more room for interpretation on
how revenues and costs should be treated. We do see some aggressive accounting
techniques" says Dan Mahoney, director of research at the Center for
Financial Research and Analysis, a unit of MSCI that specializes in forensic accounting.
Smith
of GBQ Consulting says there is a greater risk of financial statement
manipulation at such new-age businesses. "We have a lot of new business
models and people are still trying to understand how the finances of these
companies work," she said. "Companies get to decide what to tell
them[investors] on how their industry works. They decide what the metrics
should be."
While
in a traditional sector an astute analyst might call a company's bluff, it is
harder when you don't have history as a guide. "We don't have a typical
10-year history. As a financial professional, you can't make a conclusion on
what the financial metrics should look like," says Smith.
Mahoney
at CFRA says companies with high valuations are also ripe for these sort of
gimmicks, as they are under pressure to sustain valuations.
While
in a traditional sector an astute analyst might call a
company's bluff, it is harder when you don't have history as a guide. "We
don't have a typical 10-year history. As a financial professional, you can't
make a conclusion on what the financial metrics should look like," says
Smith.
Netflix (NFLX has been
criticized in the past for its calculation of subscriber churn rate, which
looks at the number of cancellations as a proportion of subscribers. Netflix's
method has the effect of overstating the subscriber base, thus making the churn
rate seem lower.
Analysts
have over time learned to adjust for this inconsistency. And as it turns out,
the movie rental firm has drastically limited the
metrics it is willing to provide , saying that in 2012 it will no
longer report churn, gross subscriber additions and subscriber acquisition
costs.
Problem
solved.
Stern's
Damodaran says companies resort to these tricks because the market analysts
simplistically assign multiples to a profit metric. All companies have to do is
"make a change that affects earnings and you can change the
valuation," he says. "Investors need to understand what Groupon's
business model is, what their potential market is, who are they going up
against."
--Written
by Shanthi Bharatwaj in New York
>To
contact the writer of this article, click here: Shanthi Bharatwaj . ‘
Morgan Stanley Biggest Welfare
Recipient as Federal Reserve Lent Banks $1.2 Trillion During Financial Crisis Wall St. Cheat
Sheet
Dow:Gold Ratio and the Secular
Bear Market at Minyanville
Toby Connor Aug 23, 2011
‘However low the risk, large potential trades are now in the stock market, not
in playing chicken with the gold parabola.
As I have been warning investors for many
months, stocks have now entered stage III of the secular bear market. Gold, on
the other hand, is now in the final parabolic phase of a 2.5 year C wave
advance. stocks and a little
further upside in gold. So it's entirely possible that we could see a Dow gold
ratio of 1:5 before the trends reverse. http://image.minyanville.com/assets/FCK_Jan2011/File/August11/tobyc8231.JPG Click to enlarge stock market, not in playing chicken
with the gold parabola. moving average . I've
illustrated in the chart above a rough guess as to where I expect the
countertrend rally in stocks and the D-wave correction in gold to retrace.
Is the Market Forecasting War? { Kind of a ‘large dart board’ in terms of
‘educated guessing’ in light of the perma-war ‘bent’ of these perma-war ‘bent’
nations; viz., ie., u.s., israel, europe, etc.. } [ If so, and if this writer’s correct, all nato’s and america’s
misguided actions in the Mideast will be viewed as an attempt to weaken Arab
nations for the benefit of war-mongering israel and will never be forgotten as
such, to the substantial detriment of the dying so-called western alliance. ]
End Of Cycle Smelling Like Dow 3K,
Gold 3K Listen up, dear reader herein we
announce an historic Daily Reckoning forecast.
Here’s your north star, your compass, your GPS to the future. Print it out.
Paste it to your refrigerator:
About the
turn of the century, two markets turned Gold turned up Stocks turned down These
major trends will end Whence they meet
Our view
is that the bear market began in January 2000. The feds fought it off with two
huge extravaganzas of spending — the first beginning in 2001 the other after
2008.
Stimulus
does wonders for stock prices but it no longer works for the economy that
sustains them. For every dollar that the Fed has put to work to fight the
crisis since 2008, for example, it has produced only 80 cents worth of GDP. It
didn’t work.
Fighting
a credit contraction with more credit is a losing proposition. Eventually,
investors are bound to realize that stocks are headed down. Eventually the bear
market will resume. And eventually it will come to an end.
But when?
Our guess is that it will end when the Dow and the price of gold arrive at the
same point — probably around $3,000. Whatever the number, you’ll be able to buy
the entire group of Dow stocks for the price of one ounce of gold.
Of
course, our view is a minority one. Warren Buffett doesn’t buy it.
Most investors don’t buy it. We don’t even suggest that you buy it, dear
reader. Just remember it. If it turns out as expected, we want to be able to
say ‘We told you so.’
And if it
doesn’t work out? Please have the grace to forget we mentioned it.
We would
like to be able to predict the future, but we’ve never gotten the hang of it.
We’re just guessing.
But since
we’re just guessing, we don’t see why we should hold back.
We’re
also guessing that…
…the
weight of so much debt is depressing growth…and will soon depress stock prices
too…
…that the
economy is becoming zombified from too much government money…especially the
military…
…that Mr.
Market is ready for a long bear market anyhow; he’s tanned, rested, and ready
to go to work
…that the
US is following in Japan’s footsteps…towards a long period of on-again,
off-again recession
…that the
recession of ’08-’09 in the US never actually ended…
…and that
stocks will go down over the next 5-10 years until they finally hit a real
bottom.
Our guess
is that gold goes down, shakes out the speculators and weak investors and then,
perhaps a couple years from now, perhaps longer — begins its third and final
phase.’
Back-to-School Sales Looking
Blah at The Wall Street Journal
CHINA, EMERGING MARKETS POINT TO DOUBLE-DIP 2011 August 24 http://www.iphone2die4.com/2011/08/24/china-emerging-markets-point-to-double-dip iphone-robot ChartProphet
The collapse of the emerging markets, especially China, India, and Brazil, will
have a huge ripple effect on the rest of the world’s economies, and will plunge
most countries back into a global recession.One of the major drivers of the
markets over the past two years has been the “unstoppable” and highly promising
future of the emerging markets, especially China. As millions of inhabitants in
emerging countries begin to enter the “modern” world and middle class, their
consumption and their effect on the economies of countries all over the globe
increases. And as millions of people contribute to the growth of China, India,
and other countries, they will require extra food, energy sources such as
gasoline and oil, cotton for their increased consumption and clothing needs,
industrial metals for their new cars and technology, and many other materials
that a growing and evolving population needs…’
How much higher can Apple shares go without Jobs?
Arguments for Being in the
Crash Camp Conor Sen Aug 29, 2011 ‘If you want to take risk, only
own things you're willing to own in a down 20-30% tape, because that's what we
could see over the next month. ‘This
piece is going to read a bit like an inner monologue in the hopes that seeing
how I wrestle with conflicting ideas may help with your own thought process.
One of the responsibilities of putting your thoughts online for public
consumption is only writing when you think you have something worth reading.
After awhile you accumulate
a portfolio of pieces and can see common themes in your
writing, the struggles you've had, and whether you've been on the mark or not.
And this summer I've written primarily about three topics: 1) the 2011 consumer
tech IPO names led by Groupon , LinkedIn,
and Zillow , which I've
done a reasonable job with, 2) pessimism
about the debt ceiling deal being resolved early due to the
intransigence of the 2011 GOP, which I also feel I analyzed well, and 3) the
ongoing macro tug-of-war between compelling valuations and the escalating
European debt crisis, which I've gotten wrong. June 24
piece where I wrote,
"My experience in 2007-08 taught me that in credit
contagions understanding these dynamics is all that matters. Charts don't
matter, macro data doesn't really matter, and until the contagion stops
valuation doesn't really matter either. A $1 bill could trade for 70 cents if
firms need to raise capital."
data would be good enough. It hasn't
been. The problem is, I thought about the issue too narrowly, focusing only on
European sovereign spreads without seeing the second-order effects those
spreads would eventually have. As sovereign spreads for the European periphery
widened, governments responded by imposing austerity measures, which have now
flowed through to the point where Europe may be back in recession. Here's one
measure of the trend in economic activity for the key European countries. http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchJUNE2011/plummet1.jpg http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchJUNE2011/plummet2.jpg credit spreads and equity
prices are intricately linked, as this chart from Goldman Sachs shows comparing
the spreads of the key iTraxx Main CDS index with the STOXX 600 index, Europe's
equivalent to the S&P 500. http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchJUNE2011/plummet3.jpg http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchJUNE2011/plummet4.jpg risk to take bold action, precisely
the problem he said hampered the Japanese in his famous 2002 speech on
deflation. comments
out of German Chancellor Angela Merkel last weekend , when she
said, “Politicians can’t and won’t simply run after the markets. The markets
want to force us to do certain things. That we won’t do. Politicians have to
make sure that we’re unassailable, that we can make policy for the people.” earnings , and
attractive valuations will win out in the short term. Markets are cruel and
merciless when it comes to leveraged institutions under financial stress. In
2008-09 to combat this we got TARP, the AIG ( AIG ) bailout, the stimulus package, the
Temporary Liquidity Guarantee Program (TLGP), a whole host of other short-term funding programs from
the Fed, and finally in March of 2009 we got green shoots, second derivative
improvements in the economy. Today we have, "Most of the economic policies
that support robust economic growth in the long run are outside the province of
the central bank." If the SPX went to 700-800 we would see multi-generational
bargains for a whole host of names, many of which would trade at around cash
value plus a 2-3 multiple on earnings. But structurally, there's no reason why
it can't happen. If you want to take risk here, only own things you're willing
to own in a down 20-30% tape, because that's what we could see over the next
month.’
Stocks Woosh Higher in Vacuum,
Now Perfectly Poised for Disappointment at The Wall
Street Journal
What to Expect Next From the
Markets at Minyanville Jeffrey Cooper Aug 29, 2011 ‘Conclusion: It looks like a program was
run using the least amount of dollars to goose the indices by focusing on some
big cap names like Apple ( AAPL ), Amazon ( AMZN ), Baidu ( BIDU ), IBM ( IBM ), and Caterpillar ( CAT ) on Friday. That is why the market is
so dangerous here ‘ ‘From a
technical perspective, the markets are looking dangerous right now. On Friday,
a big buy program was run for Ben Bernanke’s speech after running the stops and
getting traders short. as offered in the last report . an alert to cover shorts . Combined with
Bernanke’s speech, the flip was switched to save a poor weekly close when the
S&P recaptured 1154. http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0811/29/ARCX_SPY_10%20--%20SPDR%20S&P%20500%20TRUST.jpg Thursday
morning’s report I suggested that the direction following the first hour
on that day should be the bias into the weekend. There was
a change of character in the dynamics which the Reverse ORB did a good job of
identifying. http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0811/29/SPXweeklyJulyb.jpg Click to enlarge moving average which the
S&P failed to accomplish on the first rally off the lows. http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0811/29/INDEX_$SPX_D%20--%20S&P%20500%20INDEX%20%7BDelay20%7D.jpg Cascade Setup began in July . http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0811/29/SPXdailyAprilb.jpg Click to enlarge
At the same time the the 55-day panic point from the July 7th pivot window
does not close until August 31st, so this is tricky here. However, the market
is not a fine Swiss watch and when it comes to these cycles one must allow for
plus or minus a few days. I think we should key off the behavior following a
turnup in the weekly chart and the action following the first hour. If the
trend is still in runaway down mode, another high could be defined quickly. I
would exercise some patience here and let the market speak. http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0811/29/DJ-30%201937%20-%201938%20final%202.jpg moving average as it turns
down, reconfirming the sign of the bear, it’s anybody’s guess if the sellers
let it get back there -- at least in September. Perhaps a test of the 200 day
plays out after a ‘W V’ and a flush of the lows, leading to a big “Bankers
Rally”/Christmas rally to rescue bonuses, like in 2007. AAPL ), Amazon ( AMZN ), Baidu ( BIDU ), IBM ( IBM ), and Caterpillar ( CAT ) on Friday. stocks can be down 4
and 5 points again with another 400 point DJIA down day. When exactly that next
break comes is anybody’s guess, but cycles suggest it is sooner rather than
later. I would be patient about being too long for more than a few hours to a
day or two for the time being. With everyone looking for the Big Backtest of
the 200 dma, it is also anybody’s guess as to when that arrives -- from here or
following a flush out of the lows. With everyone eyeing perceived targets of
S&P 1220 to 1250, will the market just burn out here with everybody waiting
and with an undercut of the lows having to play out before a better rally into
year end? It is interesting that the war cycle from 1990 -- when Iraq's invasion
of Kuwait on August 2nd precipitated a market waterfall -- that there was a
July pivot high as there was this year. SLV ). The next break should target 1660 and
below that 1590.’
Obama's Legacy: A Failed Recovery & Double-Dip
Recession Forbes / Mariotti ‘ There will be no significant recovery in
the United States of America while Barack Obama is President. The
evidence is overwhelming: everything Obama has tried to fuel a recovery
(with his Democratic allies in Congress) has failed. Statistics claiming
jobs saved by the stimulus package were mostly fiction, and cost American
taxpayers about $275,000 each. Nearly 2-1/2 million fewer Americans have
jobs than before the stimulus.
Barack
Obama has been President for 30 months—2-1/2 years. He spent the first year
obsessed with passing Obamacare, a program that doesn’t create jobs, but might
destroy a lot of them. He “bailed out” GM, but many believe that his
interference didn’t save GM; it merely cost taxpayers an extra $15-20 billion,
and stole from legitimate investors to buy off the UAW. His broken
campaign promises are too numerous to list. At some point, his statute of
limitations on blaming Bush runs out. The latest joke is that the White
House is that named the location of East Coast earthquake near DC “Bush’s
Fault.”
Obama
himself said, “…that after three years, if the economy wasn’t fixed he should
be a one-term president.”
Clearly
the economic malaise started on George W. Bush’s watch. Its causes will
be argued for decades, but most of them are traceable to irresponsible lending
and excessive spending— both by government and the American people. The
trouble that started before 2008 is directly traceable to actions (or
inactions) of Bush and GOP allies in Congress. They spent America into
the start of the current deficit during his eight years in the White House.
But
that was then, and this is now. Since Obama took office the situation has
gotten much, much worse. Obama has run up the deficit at more than
twice the rate Bush did. During the first quarter of 2011, the US economy
“barely grew” —at 0.4%—that was followed by second quarter’s “anemic growth” of
1%. This was during the period when the Obama recovery was supposed to be
well underway. Employment data is unremittingly terrible: new
jobless claims are stuck at 400,000+/- each month, with job creation well below
what it takes just to absorb new workforce entrants. More Americans have
been unemployed longer than ever in our history. And looking ahead, the
news is not good.
This
is Obama’s failed American recovery, and in the near future, Obama’s impending
double-dip recession (thanks in no small part to his three consecutive years
with Trillion-dollar in deficits that have inflated the national deficit to
soaring heights—$14+ Trillion.) That legacy clearly belongs to
President Barack Obama and with help from the Congress led by Harry Reid and
Nancy Pelosi during 2008-2010. Thanks to them, our country hasn’t
even had a budget since Obama took office.
The
latest Obama Blame Finger pointing focuses on the “Tea Party” as “extremists”
who have a problem with astronomical deficits as far as the eye can see.
(Pointing at Bush is getting a little old since he’s been out of office for
2-1/2 years). Obama needs a new scapegoat. The problem with the Tea
Party is that it is like the child in the fairy tale, “The Emperors New Clothes.” The child is
reviled for pointing out that the emperor is naked. Thus, the Tea Party
is not wrong, just unwelcome.
Now Obama
also wants to point the Blame Finger at the GOP House for the downgrade in the
US debt rating by Standard and Poor’s. It seems that he believes that
everyone else is to blame but him. That downgrade was predestined by the
combination of irresponsible spending and Obama’s clueless attempts to throw
money at a recovery to no avail. Spending $1.50 for every dollar of
revenue, running trillion dollar annual deficits is reason enough for a
downgrade in the US debt rating.
Face it
folks: This is Obama’s failed recovery. And if (or when) it
comes to pass, this “double-dip” recession (just around the corner) is his too.
Make no
mistake, there IS plenty of blame to go around. About 75% of Americans
are fed up with both Obama and Congress. The
conservative and liberal factions of the House and Senate behaved badly in the
recent debt ceiling negotiation. President Obama wanted to stay above the
fray so he provided no leadership. He didn’t even know how to bring the
opposing viewpoints together. He talked about bi-partisanship and
consensus, but his actions disproved his words.
Until the
president saw an impending disaster, he sat on the sidelines, afraid to do
anything that might hinder his reelection campaign. Then, when his
intervention didn’t help, and arguably hurt the progress, he grew impatient,
petulant and angry.
John
Boehner, however, did an admirable job trying to build a compromise deal on the
debt ceiling, and get his own Caucus to support such a plan. Except,
Obama was attacked by his liberal base for even considering the “grand
bargain,” so he came in and dumped another “raise taxes more” demand on
Boehner. I’d have walked out too, which Boehner was right to do.
But
at least they were arguing about the right thing: how much to cut spending and
how.
The Tea
Party’s desire for fiscal responsibility is right, but it doesn’t mean that tax
revenue can’t be increased. It can; how it’s done is what matters.
The tax code desperately needs to be restructured. Simply digging in on
old positions doesn’t help; it hurts . The goal is to “get the
country working again,” and grow our way out of this mess.
The one
phrase of President Obama’s that I agree with is “Country First.” But
John Boehner was the one who tried his best to put “Country First.” If
Obama truly chooses that as his 2012 campaign slogan, it will reek of
hypocrisy.
If the
members of Congress would put 1) country first, 2) constituents wishes next,
and 3) personal agendas last, they might be able to work together to find a way
out of this mess.
What
happens in the Super-Committee of Twelve will be both revealing and
predictive. Either America’s Congressional leaders will—or won’t—put
"country first" and try to find common ground and reasonable
compromises to lead America out of this mess.
Whatever
happens, this failed recovery and impending recession belong to President
Barack Obama. His condescending explanations of why “we Americans” don’t
get it, how “this will take a long time,” this recovery, and his “class
warfare” about “millionaires and billionaires” versus the “common folk” are all
wearing thin.
This kind
of rhetoric won’t solve America’s problems . It
takes strong, informed, and experienced leadership to get through a mess like
this one. We need a fixer, not a hypocritical speechmaker in the
White House. Barack Obama is not that man. A wise man once told me,
“The person who got you into a problem is
seldom the one who will get you out of it.” That’s why there
will be no recovery on Obama’s watch …’
http://dailybail.com/storage/chart-real-unemployment-3.gif?__SQUARESPACE_CACHEVERSION=1314981227699 ’It’s
now above 23% with the August update. Details from John
William’s Shadow Stats.’ Shadow Stats ‘The
seasonally-adjusted SGS Alternate Unemployment Rate reflects current
unemployment reporting methodology adjusted for SGS-estimated long-term
discouraged workers, who were defined out of official existence in
1994. That estimate is added to the BLS estimate of U-6 unemployment,
which includes short-term discouraged workers. The U-3 unemployment rate is the
monthly headline number. The U-6 unemployment rate is the Bureau of Labor
Statistics’ (BLS) broadest unemployment measure, including short-term
discouraged and other marginally-attached workers as well as those forced to
work part-time because they cannot find full-time employment.’
Deja Vu All Over Again: Total
US Debt Passes Debt Ceiling… In Under One Month Since Extension Sep 2nd, 2011 News (ZeroHedge) —
‘Remember when one month ago the US, to much pomp and circumstance, not to
mention one downgrade, announced a grand bargain raising the debt ceiling from
$14.294 trillion to something much higher, with a stop gap intermediate ceiling
of $14.694 trillion, or $400 billion more. Well, as of today, or less than a
month since the expansion, total US debt is at $14.697 trillion. Yep – the
total debt is again over the ceiling, which means the US debt increased by $400
billion in one month. Score one for fiscal prudence. And while the total debt
subject to the limit is still slightly less, at $14.652, one week of Treasury
auctions and will be time for Moody’s to justify again why the US is a
quadruple A credit. http://www.usagold.com/pete/newsviews/DebtCeiling.jpg ‘
Global Recession: Right Here,
Right Now at Minyanville Mike Mish Shedlock Sep 02, 2011
Why are we talking about avoiding recession when the global economy is clearly
in one and fundamentals are horrendous?
‘It's time to stop debating whether or not the US or
Europe is headed into recession. The facts show the entire global economy is in
recession.
Euro zone’s
manufacturing purchasing managers’ index fell to a two-year low of 49.0 in
August, down from a preliminary reading of 49.7. (Business Insider)
PMI’s
contractions seen in Ireland, France, Italy, Spain and Greece. (Business
Insider)
Germany’s
manufacturing PMI slowed to its lowest level since September 2009, slumping to
50.9, well below an initial estimate of 52.0. (Business Insider)
US Manufacturing
ISM ex-inventory Growth is in contraction ( Mish )
Japan's PMI
fell at three-month low ( Financial Times )
PMI readings in
Switzerland and Sweden dropped ( Financial Times )
British
manufacturing PMI fells 49, hitting a 26-month low (MarketWatch)
Germany private
consumption fell for first time since Q4 2009; Manufacturing growth slowest in
23 months (Reuters)
Japan capital
spending plummeted 7.8%; In Q2, expectations were for 1% increase (RTT)
US construction
declines 3.5% vs. same period in 2010 (US Census Bureau)
China exports
to US contract, PMI is barely above contraction (Reuters)
Container
traffic at Port of Long Beach drops 3.17%, smack in face of normal Christmas
season ramp-up (Bloomberg)
Canada GDP
unexpectedly declines, led by a 2.1% drop in exports (Bloomberg)
Brazil
unexpectedly cuts interest rates .5% to combat recession; 62 of 62 analysts
miss call on rate cut (Mish)
Taiwan's PMI
dropped to 45.2 in August, the lowest reading since January 2009 (Reuters)
German economy
grew just 0.1 percent in the second quarter (Reuters)
Switzerland
economy grew at its slowest pace since 2009, as a record strong Swiss franc bites
into exports. (Reuters)
Retail giant in
Australia warns of massive price deflation and falling sales, "Hardest
Christmas in Retailer Lives" coming up (Mish)
US see zero
jobs growth, unemployment rate remains flat at 9.1% (Mish)
here .’
U.S. Postal Service nearing bankruptcy as email
asserts its dominance [Good! Let UPS take
them over … the usps is totally unreliable]
‘Brendan posted earlier about how
Citigroup is getting worried about profit margins. They’re not alone — Soc
Gen’s in-house Dr. Doom, Albert Edwards, has a note today with his own take on
the subject.
Shockingly, Mr. Edwards’s take is
downbeat!
While Citi focused on the impact of
government spending on corporate profits, Mr. Edwards zeroes in on the recent
collapse in productivity and surge in labor costs and what they say about
margins:
Last week the BLS revised the unit labor
cost rise in Q2 up from 2.2% to 3.3% quarter over quarter. US non-farm business
unit labour costs are now rising by 2% year over year. That is very bad news
for profits. Bad news for equities. And because the pace of ULC is a key driver
of inflation (upwards in this instance), it is bad news for an increasingly
criticised and divided Fed.
Since labour costs overwhelmingly
dominate corporate costs, trends in productivity are crucial to the pace of
growth of company profits. If unit labour cost growth is below unit price inflation,
then unit margins are expanding. This, together with unit sales growth (and the
less important unit non-labour costs), arithmetically determine profit growth.
Typically, productivity growth tends to
ebb and flow with the economic cycle – i.e. productivity tends to rise as the
economy accelerates and vice versa. Therefore unit labour costs tend to fall
sharply early in economic recoveries (as has happened recently), but typically
begin to rise and eventually exceed output price inflation later in the cycle.
When unit labour costs start to rise
quicker than output prices, as is the case now, this tends to exert an upward
pressure on inflation as companies try to maintain margins. The pass-through of
this upward pressure on inflation is largely determined by the pace of the
cycle. If demand is robust, inflation will rise. If demand is
weak and companies cannot pass on cost increases, margins and profits get
crushed. That is the tipping point we have now reached.
And Wall Street analysts, in a truly
shocking development, actually seem to be paying attention, Mr. Edwards writes:
[W]e should not be surprised at the pace
of deterioration in analyst earnings optimism: in fact we have seen a near
record rate of decline in US estimates over the past six months. In Europe
things are even worse! As Andrew Lapthorne shows in this week’’s Global Equity
Market Arithmetic, European (ex UK) the level of analyst optimism has now dived
to 24%, a level only ever reached in recession.’
Why Every Investor Needs to
Time the Market Breakout ‘In tumultuous times conventional wisdom suggests buying then holding
high quality, blue chip, dividend paying stocks for stability. The big idea is
to avoid "timing the market" by extending the time frame beyond the
current day, month, year or even decade. The value/yield camp tends to view
volatile markets, such as that of 2011, as a chance to add to a portfolio while
flighty "traders" panic in and out of stocks.The mathematical fact is
those who have bought and held stocks over the last 3, 5 or even 10 years have
lost money, either on an absolute basis or relative to inflation. Missing the
50% drop of 2008 didn't require intuition, charting or sophisticated financial
analysis. Selling the news when Bear Stearns got sold for $2 got you out of the
S&P500 well over 1,250. Selling the news of the Lehman collapse got you out
of stocks well over 1,200 on the S&P. Once out, investors had two years to
get back into the market below where they made their exit. I don't particularly
regard stepping aside as trading; it's common sense. If investing in this
manner is a mug's game, buying and holding forever, putting Blue Chips in a
drawer forever, or dollar-cost averaging have been tantamount to financial
self-abuse…’ This Is a Secular Bear Market and The End of Buy and
Hold … and Hope http://www.albertpeia.com/endofbuyandhold.htm Brian Rezny June 03, 2010 ‘Buy and hold investing
is a popular strategy, and the thinking is straightforward: in the long run,
the market will offer returns, in spite of short-term volatility. In theory,
this is a sensible idea. Unfortunately, this approach does not work in today’s
market. Why not? Of course, the market is down for this month. But that’s not
the reason this is not a buy and hold environment. It’s not just about the
recent correction, or the end of a market rally. The current trend fits into a
much bigger picture… and it’s a picture of a long-term bear market. Secular
markets are long-term trends, typically lasting about 18 years…’ [ This was true and among my conclusions even
back in 1977 when I did my MBA thesis: MBA Finance, NYU GBA, 1977. It most
assuredly is glaringly true today. Fed Economists Predict A 15
Year Bear Market For Stocks Aug 23rd, 2011 News (BusinessInsider) , A Decade of Decline in Equity
Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582 (11,297). Therefore,
the index has gained 11% (-0-% as of
this day) in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator infra – and
that’s just the government (inflation) numbers … reality is much worse!} Meanwhile,
the frauds on wall street are churnin’ and earnin’ like never before at
lightning computerized speeds enabling the high-frequency trades that are
commissioned in unprecedented large volumes; a big net negative in real
economic terms.]
Prepare For Recession And Bear
Market at Forbes Sy Harding, ‘ Brace yourself
for a recession.
Central
banks around the world seem to be doing so, making little effort to prevent it
this time around, resigned to letting the business cycle play out.
Stock
markets around the world also seem to be doing so. In anticipation of economic
slowdowns that won’t slide all the way into recessions, stock markets normally
decline only into corrections (declines of less than 20%). But they plunge into
bear markets when recessions loom.
And
global stock markets outside of the U.S. are already in full-fledged bear
markets. That includes 10 of the world’s 12 largest economies, the exceptions
being only the U.S. and Canada.
In
order of the size of their economies, at the recent August lows the stock
market in China, the world’s second largest economy, was down 23% from its
November peak, Japan down 21%, Germany down 30%, France down 29%, the United
Kingdom down 21%, Brazil down 33%, Italy down 39%, India down 25%, Russia down
28%, and Spain down 29%. The exceptions were the U.S. and Canada, which at
their August lows were down only 16% (the Dow) and 18% respectively.
The
recession and bear market are coming to the U.S. too, and may have already
arrived.
You
can be sure of that because it’s been one world economically for years, and
historically global economies and stock markets tended to always move in and
out of recessions and bear markets together even before their dependence on
each other became so pronounced.
You
can be sure of it because central banks seem willing to let it play out this time
as in days of old, without intervention.
In the
financial crisis of 2007-2008, it took a massive coordinated effort by global
central banks to pull the world back from the brink of what would have been a
total global financial collapse.
But
when their economies began to slow again in 2010, without the world being on
the brink of financial Armageddon, major nations outside of the U.S. were
content to let the business cycle play out normally, arguing against the U.S.
Fed’s decision to jump in with its QE2 stimulus efforts.
Indeed,
while the Fed was making that massive monetary easing effort, central banks in
Asia, Europe, and South America were tightening monetary policies and raising
interest rates to ward off rising inflation, and to tackle the government debt
crises created by their 2008-2009 bailout efforts.
The
Fed’s QE2 effort pushed a flood of additional dollars into the global financial
system, spiking the prices of commodities and paper assets like stocks, but had
no lasting effect on even the U.S. economy.
This
year, as global economies again slow significantly, central banks outside of
the U.S. again seem content, or at least resigned, to letting the business and
economic cycle play out, even though it likely means a global recession.
They
refrain from saying anything too negative that might make matters worse, but
for instance, this week the central bank of Brazil, which actually has one of
the world’s strongest and fastest growing economies (but highest rate of
inflation), warned that this downturn in global economies will not be as severe
as in 2008-2009, but will be more prolonged.
The Financial Times reported Friday that “As the
Organization for Economic Cooperation and Development’s forecasts showed on
Thursday, the near-term economic outlook for the Group of Seven is dire, yet
the mood is one of resignation. . . . Finance ministers across the G7 are
searching for ways to explain their lack of likely coordinated action.”
And
even in the U.S., the Federal Reserve has been clearly transparent about its
reluctance to intervene this time.
With
the economy far weaker than it was when the Fed intervened with QE2 last year,
Fed Chairman Bernanke continues to say the Fed has some tools it can use if
necessary, but will wait and see. In his most recent speeches he cautioned that
the Fed is limited in what it can do anyway, and called for Congress to step up
to the plate.
Thursday
evening, President Obama did call for Congress to step up to the plate and pass
his $450 billion jobs bill.
But
even if the proposal should get through the political grinder of the
grid-locked Congress, it would be too little too late by the time it could be
implemented.
So
prepare for a recession and bear market.
Hopefully
investors learned from the 2000-2002 and 2007-2009 bear markets that Wall
Street’s advice to diversify into ‘defensive’ stocks won’t do it. As I’ve shown
you in previous columns, so-called defensive stocks, defensive because they pay
high dividends or have been around a long time, are dragged down just as far as
any in a bear market.
Back
in ‘the old days’ the call of successful investors in times like this was that
“cash is king”. Even receiving little to no interest income on cash was better
than experiencing a 30 to 40% loss.
These
days investors are better served. The availability of ‘inverse’ mutual funds
and ‘inverse’ exchanged-traded funds, designed to move up when markets move
down, make them the new king in bear markets. Cash may be better than losses,
but the opportunities for 30% profits while others are experiencing 30% losses
are even better.
In the
interest of full disclosure, I and my subscribers have already taken
double-digit profits from positions in the ProShares Short S&P 500 etf,
symbol SH, and ProShares Short Russell 2000 etf, symbol RWM, and we’re looking
at others.’
4 Bearish Mega Trends Simon Maierhofer, September 9, 2011, ‘ In 2004, Daniel Simons of the University
of Illinois and Christopher Chabris of Harvard University conducted an
experiment that was as simple as it was fascinating.
If you
want to be part of the experiment, watch this video before
you read any further.
The Experiment
There
are two groups of three people each. One group is wearing black shirts, the
other group white shirts. The assignment is to watch how many times the players
wearing white, pass the basketball.
If you
counted 15, you are correct. But more importantly, did you notice the gorilla?
While you were counting passes, a woman dressed in a gorilla suit walked slowly
across the scene, stopped to face the camera and thumped her chest.
Half
of the people watching the video with the intent of counting passes did not see
the gorilla. The experiment illustrates the phenomenon of unintentional
blindness. This condition, also known as perceptual blindness, prevents people
from perceiving things that are in plain sight.
For
most of 2010-11 Wall Street was so enamored by the magical powers of QE2 that
it forgot about the 800-pound gorilla - the economy that wasn't improving. In
fact, the economy continued deteriorating in plain sight.
There
are five bearish mega trends that may draw stock prices much lower over the
coming years. Here are the five mega trends (and what will make stocks rally in
between).
U.S. Deficit
For a
moment, take a mental journey with me back in time. We are now in early 2008.
The major indexes a la S&P (SNP: ^GSPC), Dow Jones (DJI: ^DJI), and Nasdaq
(Nasdaq: ^IXIC) are slowly coming off their all-time high, but the collapse of
Lehman Brothers has not yet hit the news.
Unbeknownst
to most, the perfect financial storm is brewing. Once the storm hits, it is
much worse than anyone expected. But, the eventual damage is limited. Why?
Because, the government steps up and does what it takes to prevent the
financial system from failing.
Today
has the feel of early 2008. Another perfect storm may be brewing. Will the
government be there to do what it takes to support 'too big to fail?' No! In
2008 financial companies were in trouble. In 2011 entire countries (look at
Europe and the U.S.) are struggling to escape the grip of delinquency.
A Decelerating Generation
Starting
in 2011, more than 10,000 baby boomers a day will turn 65, a pattern that will
continue for the next 19 years. This dry humor cartoon encapsulates the problem
retirees' face today:
Two
older gentlemen are having a drink. One says: 'As a Baby Boomer, I never
thought the boom would be the sound of my retirement accounts collapsing.' He'd
like to sip on a nice Scotch while enjoying a steak, but has to settle for
water and free bread sticks at Olive Garden.
Most
retirees still haven't recovered from the lost decade. Let's make the term lost
decade more personal. A 55 year old with $100,000 in his retirement account at
the beginning of the year 2000 and a 6% projected rate of return, would have
$201,419 today.
The
S&P trades 20% below its 2000 level. Courtesy of the lost decade, that
$100,000 in the year 2000 has turned into $80,000 today (perhaps less if
invested too aggressively). In other words, many retirees may have to get by on
less than half of their expected nest egg. In addition, their home, rather than
being an asset (many considered it an ATM a few years ago), has turned into a
liability.
It
doesn't take much imagination to see that strapped retirees are bad for
economic growth. When the focus is on survival rather than pleasure, sectors
like technology (NYSEArca: XLK - News ), retail (NYSEArca: XRT - News ), and consumer discretionary (NYSEArca:
XLY - News ) suffer.
In
addition, baby boomers that have been buying stocks for decades (think of all
the 401k money) are now turning into sellers of stock.
Low Interest Rates
Low
interest rates are great for the U.S. government because it reduces debt
payments on Treasuries and businesses wanting to expand. Unfortunately,
businesses don't feel like expanding or even hiring and for pretty much
everyone else low interest rates are negative.
Some
try to sell the idea that low interest rates are good for stocks (NYSEArca: VTI - News ) because money will flow from low
interest bonds into stocks in an effort to get a better return.
The
chart below plots the Nikkei against Japan's version of the discount rate. The
discount rate has been below 1% since 1995. At the same time the Nikkei has
dropped from above 20,000 to below 10,000. Much of this happened during a
raging global bull market. Imagine what a global bear market can do to U.S.
stocks.
https://www.etfguide.com//contributor/UserFiles/8/Image/yahoo%20japan%20discount.gif
Low
interest rates are a double negative because they reduce available spending for
retirees who need to get as much income as possible to survive.
Coming to a Head
The
above three bearish trends were highlighted in detail in various 2011 ETF
Profit Strategy Newsletters. Due to those, and other mega trends, the
Newsletter has been expecting a major market top.
For
much of 2011 however, the expectation of a major market top was postponed until
the ideal target range was reached. The April 3 ETF Profit Strategy update
included a precise range for a major market top: 'In terms of resistance
levels, the 1,369 - 1,382 range is a strong candidate for a reversal of
potentially historic proportions. '
Why
was S&P 1,369 - 1,382 a candidate for a reversal of historic proportions?
The chart below, published by the ETF Profit Strategy Newsletter in March and
many times since, has the answer.
https://www.etfguide.com//contributor/UserFiles/8/Image/yahoo%20M%20pattern.gif
What
you see is a giant M, or head and shoulders top. The right shoulder was made up
of the parallel trend channel that connects the 2002 and 2009 low, with the
2000 high. In April/May the upper line of the trend channel ran through 1,377.
Additional resistance was provided by Fibonacci levels at 1,389 and 1,369.
On May
2, the S&P briefly spiked as high as 1,370.58 before retreating and
eventually dropping 18% in twelve trading days (July 25 - August 9). Once the
S&P dropped below the 200-day SMA it entered free fall territory.
The
July 28 ETF Profit Strategy update warned that: 'A break below the 200-day SMA
and the trend line may trigger panic selling. One way to avoid missing out on a
potentially big opportunity is to use the 200-day SMA at 1,284 as delineation
between bullish and bearish bets - buy as long as the 200-day SMA serves as
support, sell if it becomes resistance.'
From
top to bottom (once the bottom is in), the S&P will have fallen more than
250 points. No doubt this kind of move validates a counter trend rally. When
and where will this rally start and how high will it go?
The ETF Profit
Strategy Newsletter provides a detailed outlook for the remainder of 2011
along with the target for a 2011 bottom and 2011 top. The Newsletter doesn't
promise to get every turn of the market right, but it will identify the
money-losing gorillas. Just imagine if you sold your holdings at the target range
for a major top.’
Zero Job Growth in August
Supports Recession Case ETFguide.com
Why to Sell When Wall Street
Says 'Buy' and Vice Versa ETFguide.com
S&P 1,100 And Lower - More Likely
Than you Think Simon Maierhofer, On Friday September 9, 2011, ‘ The S&P has been chopping around
aimlessly for nearly a month. Wednesday ETF Profit Strategy update explained
the reason and the outcome as follows:
'The
aimless sideways trading and lack of powerful and predominantly one-directional
rally suggests that the S&P is stuck in a mild up side correction to be
followed by new lows. Range bound trading lulls investors into a false sense of
security.'
Here
are more than a handful of reasons why new lows are likely.
Up Trend Broken
The
chart below shows the Dow Jones Industrials (DJI: ^DJI) since the March 2009
bottom. The DJIA weekly candle low touched the yellow trend line on different
occasions before breaking through it on August 2.
The
S&P 500 (SNP: ^GSPC) and Nasdaq (Nasdaq: ^IXIC) adhered to a similar but
not as pronounced trend line. But the S&P also had a key experience on
August 2. The August 2 ETF Profit Strategy Newsletter update observed regarding
a head and shoulders top that the: 'S&P is about to break below the
neckline around 1,249. A break below this neckline would unlock a measured
target of S&P 1,140.'
The
fact that both the DJIA and S&P 500 broke through necklines that have held
for over two years is less than encouraging.
In
addition, the S&P's May 2 high at 1,370 occurred right within the sweet
spot of a major market top. The ETF Profit Strategy Newsletter published the
chart below on various occasions throughout March, April and May and preached
that S&P 1,369 - 1,382 is the ideal target range for a major market top
(chart below was featured in the April 5 ETF Profit Strategy update).
https://www.etfguide.com/images/PDNewsletter_Images/5%20-%20April%203%20TF.jpg
Death Cross
The
death cross is one of the most talked about technical events, that's why I
don't put too much stock in it. However, there are two interesting facts about
previous death crosses.
The
2000 and 2007 death cross occurred about three days before the S&P embarked
on its next leg down. The 2010 death cross was actually a buy signal. However,
it occurred after the S&P and DJIA bounced off the yellow trend line (this
time the trend line was broken).
Seasonality
August,
September, and October is the most bearish stretch of the year. September and
October sport negative performance even in the pre-election year.
Sentiment
From
S&P 1,370 on May 2 to S&P 1,258 on June 16, the S&P shed 112 points
and sentiment measured by Investors Intelligence (II) and the American
Association for Individual Investors (AAII) turned deeply bearish. The June 16
ETF Profit Strategy update took that as a queue to buy (long positions were
closed at S&P 1,340).
From
S&P 1,353 on July 7 to S&P 1,102 on August 9 the S&P lost 251
points, yet the II sentiment poll registered the second most bullish reading
since the first week of May. AAII and II polls are often considered the 'dumb
money.' If the 'dumb money' views last Wednesday's low as a buying opportunity,
the 'smart money' should be suspicious.
VIX Pattern
If you
have the charting capabilities, take a moment and plot the VIX (NYSEArca: VXX -
News) against the S&P for the month of September - November 2008 and April
- July 2010. If you don't have the time you may simply look at the chart below.
https://www.etfguide.com/images/PDNewsletter_Images/yahoo%20-%20vix%20pattern.gif
What
we've seen in 2008 and 2010 is that a VIX peak did not coincide with the
S&P bottom. The S&P bottom actually occurred against a lower VIX
reading. If this pattern continues, we will see lower lows.
The
August 14 ETF Profit Strategy update includes a detailed analysis of the VIX
pattern, along with the time frame and target level for an expected turn.
The Script
Via
more or less accidental chart surfing I found a striking resemblance between
the 2007 market top and the May 2011 top. This moved me to state in the
July 17 Profit Strategy update that:
'There
is a similar trend line and a triple top above the trend line. A break below
that trend line could be a precursor of bad things. Next week the trend line
will be at about 1,262.'
The
S&P sliced through that trend line on August 4 and fell an additional 12%
within the next four days (this ascending trend line is now a big target and
resistance).
The
August 7 Profit Strategy update revisited that script and concluded this: 'We
now have a rough script; let's see how much lip the actors will add during the
live performance (I.e. S&P downgrade).
The
two main things I have taken away from the 2007 script are:
1)
There will be a new low.
2)
There will be a powerful counter trend rally to around 1,xxx (reserved for
subscribers).'
Short-term Outlook
Wednesday's
(September 7) ETF Profit Strategy update advised aggressive investors to short
the S&P 500 as soon as it breaks below 1,173. This doesn't mean that stocks
can't go higher, but shorting the S&P against major support/resistance
(with a tight stop-loss above) is the only conservative way to assure
participation in the next leg down…’
Ominous Bear Flag Pattern Suggests
S&P 500 At 1,000 ‘Talk of a possible Greek debt default
grew louder as the day wore on Friday, with several euro zone officials
commenting that they expect a default over the weekend. Naturally, the markets
didn’t respond positively to the news. Combine that with the terror alerts in
New York City and Washington, D.C., this weekend for the 10th anniversary of
9/11, and it was a recipe for heavy selling.
The
Dow closed off more than 300 points to finish another wildly volatile week, and
based on the action and news, we could be headed for another huge Monday
morning gap down. However, it was difficult to chase shorts at the end of the
day at such oversold levels, because if the Greek default doesn’t come to
fruition and there is no major terrorist attack, those short positions would
likely be in serious pain.
The
news of a possible Greek default, which would be a historic first-time event,
overshadowed any individual stock stories today. In isolation, the default of a
relatively small Eurozone economy would not be the “end of the world”, but with
other, larger Euro economies standing on extremely shaky ground (especially Italy),
such an event could trigger a domino effect unlike anything ever witnessed in
modern human history.
Conventional
wisdom would tell you that gold shot through the roof on a day like this, but
whispers about potential margin hikes pushed GLD to a lower open and seemed to
keep the metal at bay. Even with the market tanking, GLD had a hard time
ticking higher.
Technical Take
If you
take a step back and look at the SPY chart on a daily and even weekly time
frame, the obvious pattern that jumps out at you is a wide, but well-defined,
bear flag. Previously, we noted the
well-defined head and shoulders pattern that forecast
the deep correction.
The
only strategies that have worked, and provided limited risk, over the past
month have been buying and selling extreme moves in both directions. Large gap
downs on Monday and Tuesday had investors extremely bearish–the most bearish
since September 2007–which gave way to a steep short squeeze.
As
we’ve seen before, that low-volume bounce/short squeeze was only “transitory”,
as Ben Bernanke would put it. The oversold bounce we saw early in the week
actually turned out to be a negative event for the bulls, because it allowed
the market to work off its severely oversold condition and prime for another
plunge.
After
such a harsh move lower, which began around the time of the debt ceiling debate
and S&P downgrade, it is natural for there to be some indecision in the
indices. However, nobody would have expected the range to remain as wide as it
has been. Resolution to this pattern will come at one point or another, and
based in the in-bound move, there will be a powerful secondary move (more than
likely to the downside). The lower end of the channel also lines up with the
200-week Moving Average, which will be another crucial technical level.
The
measured move could take the S&P down to the 1,000 range if a worst-case
type scenario plays out, which would involve a Greek debt default that triggered
a domino effect in Europe that could likely trigger defaults in at least a few
other PIIGS (Portugal, Ireland, Italy, Greece, Spain) nations as well.
http://blogs-images.forbes.com/greatspeculations/files/2011/09/SP-bear-flag-1024x675.png
Technically,
we are also seeing some clues that tell us that all is not well with Mr.
Market. Nearly every sector is currently mired in a bearish technical formation;
there are no rays of light. The one area of relative strength early in the
week, is starting to look ready to break down as well.
One
clue we look to first is high-beta tech. If the market is healthy under the
hood, the leading high-beta tech stocks will usually hold up well. We saw some
relative strength early in the week from the likes of Apple Inc. (AAPL),
Amazon.com Inc. (AMZN) and Baidu.com Inc. (BIDU), but none of them were able to
withstand the force of today’s drop. AAPL and BIDU in particular look to be
forming wedge continuation patterns, which generally resolve to the downside.
During
the formation of the head and shoulders pattern, for example, the Industrials
(XLI) and the Homebuilders (XHB) started to break down first, which signaled to
us that the rest of the market wasn’t far behind.
When
selling is isolated and weak sectors drag the market down, it can be considered
a buying opportunity for strong stocks. When selling is more across-the-board,
it’s a sign to get of the way.
The
measured move of the head and shoulder played out almost to a ‘T’ (as you can
see on the chart). Technical patterns aren’t always perfect, but they provide a
good roadmap. Another thing you have to understand about technical analysis too
is that it is largely a self-fulfilling prophecy. Moves in the market often
play out simply because a large group of traders and investors are reacting
based on the same set of rules.
Before
the break of the head and shoulders, you had the more mainstream media start
talking about the ‘scary’ head and shoulders top pattern , which got
both Main St. and Wall St. bearish. Now, everyone in the industry is talking
about this ominous bear flag pattern, which is likely to make its rounds in the
more mainstream media this weekend (along with the news about Greece).
Final Word
While
doomsday talk is rampant right now–between a domino effect of European
sovereign debt defaults to 9/11 anniversary attacks–as traders we never trade
based on assumptions. The traders who are consistent and profitable over the
long haul are the ones who, first and foremost, limit their risk. At the end of
the day today, for example, there is enormous risk for both longs and shorts.
If
Greece does default and/or there is some sort of attack on NYC/DC, the market
is sure to open sharply lower on Monday. However, if one or both of those
events do not occur, shorts would be in for a massive squeeze. After such a
harsh down day like today, it is best to take any profits you may have
generated and take a firm seat on the sidelines.
Even
if you are not involved in the weekend trade, there will be tremendous
opportunity over the next few weeks to take advantage of this historic market
volatility. Great opportunity comes with great risk, so be sure to, more than
ever, stick to your personal trading rules and don’t make big bets you can’t
afford to pay off.’
Unprecedented Monthly Volume
Sell-Off Suggests Now's the Time to Take Shelter at Minyanville Kevin A. Tuttle Sep 12, 2011
‘Do not concern yourself if the market goes up today, tomorrow, or a month from
now. The risk of entering is not worth the reward.
Over
the weekend I had the pleasure of speaking with a very prominent European money
manager – overseeing hundreds of billions – about the
"across-the-pond" financial crisis unwind
and looming hazard of a potential domino-effect coming to fruition. Without
rehashing the entire conversation, the consensus is not "if," it’s
"when" will the developing pressure finally blow. He actually went so
far as to say it could truly begin unraveling within the next few weeks
considering the catalysts currently in play. lead to my next comment… “If the
economic cycle pendulum swings in both directions what would happen if the
inverse occurred?” Are 2011/2012 the years we are about to find out? Maybe
that’s somewhat extreme, but yet… is it possible? Now is the time. Take shelter! Do not concern
yourself if the market goes up today, tomorrow or a month from now. Clarity is
key! Would you sail your boat into rocky waters with a potential hurricane
looming because of your love of sailing? Is the risk worth the reward? For some,
maybe; but for most, probably not. http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchJUNE2011/jo.jpg never seen this type
of monthly volume sell-off – 47% above average (unprecedented), as seen in the
monthly chart above. As Kenny Rogers put it so eloquently… “Know when to hold
em’ and know when to fold em', know when to walk away, know when to run!” Editor's Note: Read more at Tuttle Asset Management .’
What's the Long-Term Outlook
for Stocks and The Economy? ETFguide Simon Maierhofer, September 12, 2011, ‘ The stock market's summer performance has
been nothing but stunning. Seeing daily swings in excess of 4% has become as
common as American fast food in China.
Sometimes
it's helpful to step back and shift the focus from day-to-day changes to
multi-decade trends. This kind of big picture evaluation shows whether events
like this summer's meltdown are just a hiccup or confirmation of a long-term
trend (change).
MORE
THAN JUST A MULTI-DECADE FLUKE
Gradual
changes are often so subtle that they are nearly invisible to the naked eye or
novice observer. But, just because a change is gradual doesn't mean it's
insignificant.
Let's
take a look at the basic make up of the U.S. economy. A few decades ago,
sweat-trenched U.S. manufacturing facilities were the most fertile,
growth-producing environment on the planet. This growth was fueled by 'Made in
America' products. The growth was organic and it was real.
The first
red box in the chart below captures this period of powerful organic growth. It
lasted from 1947 - 1966. During this period, GDP growth averaged 4.18%.
The
second red box captures a period of growth fueled by low interest and financial
engineering. During this period - from 1975 - 2000 - GDP growth averaged only
3.4%.
https://www.etfguide.com//contributor/UserFiles/8/Image/Growth%20Periods%20Yahoo.gif
(The
above chart was featured in the March 2011 ETF Profit Strategy Newsletter)
The
Only Original Dow Component, Not some Hot Tech Stock
General
Electric (NYSE: GE - News ), a company that prospered during both
phases, aptly illustrates the difference between both periods.
Until the
late 1960s, GE was known for manufacturing quality, American-made products like
refrigerators, washing machines, stoves, light bulbs, and jet engines. GE
manufactured real products, provided real jobs, and made real profits.
Starting
in the 1980s GE changed its focus from blue collar manufacturing to white
collar alchemy. GE ventured into television and high finance. GE's focus
shifted from building quality products to financing purchases of competitor
products. Ultimately, it went from manufacturing real products to building a
financial house of cards.
In August
2000, GE traded as high as $60.5 a share. In 2009 it was as low as $5.73 - a
90% drop. Today, it's hovering around $15. As you ponder this change in
valuation, keep in mind that GE is the only original Dow Jones Industrial
Average (DJI: ^DJI) component, not some hot today cold tomorrow tech stock.
A
NEW TREND IS BORN ... AND KILLED
Financially
engineered (artificial) profits appeared to be the best new thing since sliced
bread. However, GDP growth since 2000 has dropped dramatically, now only 1.71%.
The post-2007 meltdown shows that an economy cannot be built on the financial
(NYSEArca: XLF - News ) and banking
(NYSEArca: KBE - News ) sectors.
It also
shows that an artificial bull market is much more receptive to huge
corrections. We've had the 2000 tech bust (NYSEArca: XLK - News ), the 2005 real
estate (NYSEArca: IYR - News ) debacle, the
2007/2008 deflation of the financial sector, and most recently the summer 2011
meltdown.
If you
think financially engineered profits are bad, brace yourself for what lies
ahead. The hopes for economic prosperity (perhaps even survival) rest on
Facebook, Twitter, Groupon, LinkedIn, Netflix, and the like.
Social
networking isn't a proven business model, yet Facebook has an estimated market
cap larger than those of Boeing, Home Depot, Walt Disney, Dell, Hewlett
Packard, Costco, or even Goldman Sachs.
Hewlett-Packard
employs 325,000 people, Home Depot 300,000, Boeing 160,000. However, Facebook
cuts pay checks to only about 1,000 lucky employees. Welcome to the
future of high corporate profit margins and even higher unemployment.
Groupon
has an estimated value of $6-9 billion, but its recipe of success is to coax
businesses into providing discounts of 50 - 90%. Groupon is a classic economic
leach that benefits by sucking the profits out of its client base and teaching
its subscribers to buy only at discount prices. Welcome to a future of
shrinking small business profits.
THE
STOCK MARKET AGREES
The big
picture fundamental outlook appears less than confidence inspiring. What about
the big picture technical outlook?
The chart
below (although small in size due to upload limitations) was featured in the
March ETF Profit Strategy Newsletter and provides a big picture technical
forecast. In fact, it's about as 'big picture' as it gets.
https://www.etfguide.com//contributor/UserFiles/8/Image/yahoo%20M%20pattern.gif
What you
see is a giant bearish M pattern, it could even be considered a head and
shoulders pattern. The neckline is formed by the 2002 and 2009 lows.
To
determine an upside price target, we drew a parallel channel that connects the
2002 and 2009 lows with the 2000 high. The April 3 ETF Profit Strategy update
said the following about this trend channel and other resistance levels:
'For the
month of April this trend line will traverse through 1,377. The 78.6% Fibonacci
retracement is at 1,381.5. There is a fairly strong Fibonacci projection
resistance at 1,369. In terms of resistance levels, the 1,369 - 1,382 range is
a strong candidate for a reversal of potentially historic proportions.'
The
S&P (SNP: ^GSPC) peaked on May 2 at 1,370.58 and has since lost as much as
269 points or 19%. The Nasdaq (Nasdaq: ^IXIC) has held up slightly better, but
no matter how you slice it, the stock market has given up more than a year's
worth of gains within a matter of weeks. The VIX (Chicago Options: ^VIX) spiked
to the highest level in over a year.
In
addition, all major U.S. indexes broke below a trend line that has provided
support on nine different occasions since the March 2009 lows.
This
doesn't prevent rallies. In fact, based on our research, we should see a
sizeable rally soon. However, odds favor that the stock market's trend has
changed from up to down…’
[video] Trader: Waiting for Treasury
Bubble to Burst at TheStreet.com
Preparing for a Credit Crisis at Minyanville John Mauldin’ “I am sure the Euro will
oblige us to introduce a new set of economic policy instruments. It is
politically impossible to propose that now. But some day there will be a crisis
and new instruments will be created.”-- Romano Prodi, EU Commission
President, December 2001
“The existence of a ‘Plan B’ underscores German concerns
that Greece’s failure to stick to budget-cutting targets threatens European
efforts to tame the debt crisis rattling the euro. German lawmakers stepped up
their criticism of Greece this week, threatening to withhold aid unless it
meets the terms of its austerity package, after an international mission to
Athens suspended its report on the country’s progress. Bloomberg )
“The Euro Should Not Exist (Like This)
Welcome to the Hotel California Welcome to the Hotel California
“… the only way for a country to leave the EMU in a legal
manner is to negotiate an amendment of the treaty that creates an opt-out
clause. Having negotiated the right to exit, the Member State could then, and
only then, exercise its newly granted right. While this superficially seems a
viable exit process, there are in fact some major obstacles.
Leaving abruptly would result in a
lengthy bank holiday and massive lawsuits and require the willingness to simply
thumb your nose in the face of any European court, as contracts of all sorts
would have to be voided. The Greek government would have to “conveniently” pass
a law that would require all Greek businesses to pay back euro contracts in the
“new drachma,” giving cover to their businesses, who simply could not find the
euros to repay. But then, what about business going forward? bankrupt , then so be
it. Use the capital of Europe to save the important institutions (not
shareholders or bondholders). Will they do it? Maybe.
“The global economy is at a crossroad that demands a
decision – whom will our leaders defend? One choice is to defend bondholders –
existing owners of mismanaged banks, unserviceable peripheral European debt,
and lenders who misallocated capital by reaching for yield and fees by making
mortgage loans to anyone with a pulse. Defending bondholders will require
forced austerity in government spending of already depressed economies,
continued monetary distortions, and the use of public funds to recapitalize
poor stewards of capital. It will do nothing for job creation, foreclosure reduction, or
economic recovery. shareholder capital and
debt to their own bondholders to absorb losses without hurting customers or
counterparties – but also recognizing that properly restructuring debt will
wipe out many existing holders of mismanaged financials and will require a
transfer of ownership and recapitalization by better stewards. That alternative
also requires fiscal policy that couples the willingness to accept larger
deficits in the near term with significant changes in the trajectory of
long-term spending. earnings at all. here for the rest of
the article.)
You think the world’s central banks and
main institutions are not worried? They are pulling back from bank debt in
Europe, as are US money-market funds. (Note: I would check and see what your
money-market funds are holding – how much European bank debt and to whom? While
they are reportedly reducing their exposure, there is some $1.2 trillion still
in euro-area institutions that have PIIGS exposure.)
Look at the following graph from the St. Louis Fed. It is the amount of
deposits at the US Fed from foreign official and international accounts, at
rates that are next to nothing. It is higher now than in 2008. What do they
know that you don’t? http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchJUNE2011/fred1.jpg http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchJUNE2011/fred2.jpg data suggest that companies are going
to have even more trouble making those powerhouse earnings that are being
estimated. As Albert Edwards of Societe Generale reports this week:
“… at the start of 2011, productivity trends took a
remarkable turn for the worse – especially compared to what was initially
reported. An initial estimate that Q1 productivity grew by 1.8% was transformed
to show a decline of 0.6%. A slight 0.7% rise in Q1 ULC (unit labor costs) was
transformed to show a staggering surge of 4.8%! In addition to that 4.8% rise,
ULC rose a further 2.2% in Q2. But the news gets even worse Last week the BLS
revised the ULC rise in Q2 up from 2.2% to 3.3% QoQ. US non-farm business unit
labor costs are now rising by 2% yoy. That is very bad news for profits. Bad
news for equities. And because the pace of ULC is a key driver of inflation
(upwards in this instance), it is bad news for an increasingly criticized and
divided Fed.”
Preparing for a Credit Crisis
I did an interview with good friends
David Galland and Doug Casey of Casey Research yesterday. They are decidedly
more bearish than I am, so wanted an “optimist” to sit on their panel. But they
forced me to admit that some of my optimism depends on the probability of US
political leaders doing the right thing. ..
Don't Trust Wall Street and
this Market ETFguide
[ I couldn’t say this better myself! Take heed! My sentiments exactly,
except far worse is in store! ] Simon Maierhofer, September 13, 2011, ‘ The chicken is clueless about the egg's
fate. Will it hatch or become an omelet?
Wall
Street is clueless about their forecasts, will they 'hatch' or become egg on
their face? Who cares; as long as it sounds good at the time, Wall Street's
opinions are promoted by the media. Is this a haphazard approach? Judge for
yourself.
The most
recent Wall Street blunder was the over emphasis on positive earnings in April.
Here are some of the headlines Wall Street and the financial media featured
late April 2011:
Morgan
Stanley shares rise as earnings beat estimates
Stocks,
commodities rise as earnings top estimates
Leading
U.S. indicators, consumer confidence gain as fuel costs discounted
World
revs up U.S. profits
The
Global economy is improving
The
S&P breaks out
The Dow's
going to 20,000
Sales
growth the big surprise on Wall Street
Buffett
says odds of another U.S. banking crisis low
Equities
finally seeing light on the economy
Stocks
find sea of tranquility
Flawed
Reasoning
The chart
below, featured in the September 2010 ETF Profit Strategy Newsletter, reveals
the flawed reasoning behind Wall Street's expectations. It plots Earnings per
Share (EPS) against GDP and U-6 unemployment numbers.
https://www.etfguide.com//contributor/UserFiles/8/Image/EPS%20Growth%20Yahoo.gif
Notice
how earnings for Q1, Q2, and Q3 2011 were supposed to reach a new all-time
high. There were at least four reasons why record high EPS estimates were not
long-term bullish:
1) GDP
was contracting, U-6 (and every other measure of unemployment) did not signal a
recovery. Every spike in EPS would be temporary and unsustainable.
2) EPS
estimates are just a projection and are about as valuable as an un-hatched egg.
3) The
last time EPS reached an all-time high was in Q2 2007. We all know what
happened thereafter.
4) EPS or
P/E ratios can be distorted via financial trickery. Financials (NYSEArca: XLF - News ) and banks
(NYSEArca: KBE - News ) took advantage
of this when accounting rule FASB 157 was changed on April 2, 2009. This
allowed banks to hide trillions of dollars of unrealized mortgage losses
in an accounting loophole that doesn't affect their income statement and
earnings. Thus some of banks' losses were included in earnings numbers.
The ETF
Profit Strategy Newsletter's conclusion was simple and straight to the point:
'Buying at current prices with the expectation of long-term gains is almost
certain to deliver despair and tears.'
Proceed
With Caution
P/E
ratios or EPS aren't a short-term timing tool and didn't prevent stocks from
rallying since the above analysis was featured in the September ETF Profit
Strategy Newsletter.
Nevertheless,
a major market top was expected. The April 3 ETF Profit Strategy update put it
succinctly this way: 'In terms of resistance levels, the 1,369 - 1,382 range is
a strong candidate for a reversal of potentially historic proportions. Bullish
bets should be watched very carefully, especially once stocks move above
1,356.'
The
Summer 2011 meltdown erased all gains going back as far as December 2009. Yes,
over 18 months of gains were eliminated within a matter of weeks.
Financial
Serial Offender
If Wall
Street was subject to the 'three strikes you're out' rule, there wouldn't be
any financial offices in New York. By now it's common knowledge that Wall
Street was overly optimistic in 2007 - right before the financial collapse -
and overly pessimistic at the March 2009 lows - the beginning of a 100% + rally
for the major indexes a la S&P (SNP: ^GSPC), Dow Jones (DJI: ^DJI) and
Nasdaq (Nasdaq: ^IXIC).
More
recent financial offenses include Wall Street's ill-advised fascination with
silver in late April. On April 27 the Wall Street Journal ran a front-page
article entitled 'Silver rush spreads to stock market.' The commentary read as
follows: 'The metals are increasingly considered attractive as a permanent
store of value that doesn't diminish like paper currencies.'…’
Congress budget agency warns panel of economic ills
Nearly 1
in 6 Americans in poverty, Census says
Growth Stocks Look Pricey. Favor Free Cash Firms with
glowing growth projections have gotten expensive.
Cisco cuts long-term sales growth forecast
International alarm over euro zone crisis grows
Why Can't Wall Street Be
Honest With The Public? at Forbes [ Let’s not be naďve here … If
the public knew even half of the truth, they’d be seeking to ‘hang wall street
from the yardarms’, ‘drawn and quartered they would be’, etc.. Yes, ‘hung,
drawn and quartered’. If caught while yachting on their yachts on taxpayer
dime, they’d be ‘keelhauled’. There is really no limit to the well placed, well
deserved antipathy for the frauds on wall street who should be prosecuted,
jailed, fined, and disgorgement imposed. ]
Venture capital veteran Perkins sees danger ahead
These Wall Street Firms are
About to Start Firing People Like Crazy By Business Insider September 04 2011 ( archived file )
Same Alan Greenspan Who Warned
Against Budget Surplus Now Warns About Deficit [ Yeah! One of the many symptoms of senile
dementia, with a strong measure of incompetence to boot (greenspun has a long
history of incompetent missteps which through self-promotion, quid pro quos,
and a general ubiquity of pervasive ignorance, has gone unscrutinized and
unreported. He’s really been that bad!) ]
Mark Gongloff
ETF Redemptions Highest Since
2008: Report ETF Trends
Stock Market Secret Word of
the Day Is 'Delusion' at The Wall Street Journal Paul Vigna
‘Once again, markets are eagerly swallowing the soothing words of
European leaders, just as they have swallowed the soothing words of Chinese
officials, Tim Geithner, etc., etc.The
Dow is up about 190 points, the S&P is up 1.8%, and the Nasdaq is up 2%,
after the Conference Call to Save the Universe ended with all sides agreeing
that Greece should never leave the eurozone and was doing what it could to get
its next bailout fix.
Peter
Boockvar at Miller Tabak is not impressed:
Bottom line, Greece is likely going to
get its next 8 billion-euro tranche in 2 weeks but apparently Merkel, Sarkozy
and Papandreou still don’t like paying attention to the bond market, where the
1 year [note] in Greece is yielding 141.8%, the 2 year is yielding 74.5%
and the 10 year is yielding 25.7%.
This says of course that the only
lifeline the Greek government has is thru the generosity of its neighbors as
they have almost zero chance of paying back in full all that is owed.
I mentioned Merkel being in fantasyland
yesterday and delusion is the word today that comes to mind after seeing these
Greek headlines.
One would think at this point that
Greece would want a more pronounced debt restructuring in order to slash their
debt instead of playing this game of pretend because they’re afraid to hurt the
feelings of bondholders.’
Zoellick: World economy in new danger zone
Geithner: Economy In “An Early
Stage” Of Crisis Sep 14th, 2011 08:47 by News (RealClearPolitics) — Jim Cramer, CNBC host:
“Now let’s talk about the fact that you said the economy is weak. You put out a
jobs plan. The New York Times today basically gives its obituary. ‘Tax plan for
jobs bill.’ Familiar ring. Meaning the GOP will not back this. Is this dead on
arrival?”
Tim
Geithner, U.S. Secretary of Treasury: “Absolutely not. I think that there’s no
reason now for the Congress of the United States not to act to help strengthen
growth in the near term. It’s the conservative, prudent, responsible thing to
do. You can think of it as protection against Europe.”
Cramer:
“Okay.”
Geithner:
“You can think of it as insurance against weaker growth going forward. And you
got to think about the alternatives. If Congress or Washington is incapable of
acting, then policy will be damaging to growth because what you’ll have is a
deeper, steeper contraction in fiscal support than is prudent for an economy at
this early stage of the crisis given the shocks we face. You know,
life is about choices. Life is about alternatives.” [ source ] PG View : While this
may be a significant admission on the part of the Treasury Secretary; in
reality this may be the early stage of a crisis within the broader
well-established crisis.’
Risk Rises at ECB as European
Banks Lose Deposits Sep 14th, 2011 07:43 by News (Bloomberg)
S&P Rally to 1,240 Before
Capitulation Zacks Kevin Cook, September 14,
2011, ‘ Fear has not gripped the market. The VIX, a good proxy
for the institutional perception of risk since it is based on the premium being
paid for S&P 500 put protection, has not made new highs since early
August…’
Moody’s cuts two French banks’
ratings Sep 14th, 2011 07:39 by News (Financial
Times)
EU warned of credit crunch threat, French banks hit
WROCLAW,Poland/PARIS (Reuters) - European finance ministers have been warned
confidentially of the danger of a renewed credit crunch as a
"systemic" crisis in euro zone sovereign debt spills...
Can the U.S. Sidestep
Contagion with Europe? ETFguide [ Short answer: NO! ] ‘… SINKING INCOME
LEVELS Even without Europe's problems, the U.S.' reputation for
being the land of milk and honey has been declining. Household income,
according to the Census Bureau's annual report on living standards, fell for
the third consecutive year and on an inflation adjusted basis, incomes have
retreated back to levels seen 15-years ago. Median household income was at a
mere $49,445 in 2010. Full-time workers also experienced sagging incomes, which
are lower today than in 1978, after adjusting for inflation. Furthermore, the
poverty rate for Americans increased to 15.1% of the population. Will Europe's
crisis help the U.S. economy end a multi-decade trend of falling incomes and
rising poverty? STILL BLIND TO RECESSION What do
economists have to say about all of this? As a collective group, economists
still deny the existence of an economic recession and their off-the-mark
financial projections show it. Instead of taking a sober and realistic view of
the economy, they see growth, growth and more growth. Economists with the
National Association for Business Economics (NABE) predicted 2.8% expansion for
the U.S. economy in May, but have since scaled back that forecast to 1.7%. For
2012, the group is projecting 2.3% growth. The NABE has been likewise wrong
about the unemployment rate. They were projecting a jobless rate of 8.7% for
the remainder of 2011 and 8.2% for next year. Instead, nationwide unemployment
has remained above 9% and if we account for marginally attached workers along
with unemployed self-employed workers the actual national jobless rate is
probably closer to 20%. It's important to remember the NABE's survey was
completed before the White House's unveiling of a $447 billion plan to
stimulate job growth through (more) government spending and tax cuts. No doubt,
once economists factor in the President's latest plan, they'll re-revise their
economic forecasts bullishly upward to agree with their perennial growth bias…’
Minyanville's T3 Daily Recap: Market
Squeeze Continues, But Was it a Trap? By T3Live.com Sep 14, 2011, ‘After
a quick rinse in the first hour of trading Wednesday, the squeeze was back on as the SPDR S&P 500 ETF ( SPY ) surged 4 points (3.4%) from low to high. Weak shorts were forced to
cover, and it was off the races for stocks. But just when it seemed all was
well with the market, a harsh pull-in during the last half-hour of trading
erased nearly half of those gains. We have seen this type of behavior before
during this wide range consolidation in the market, and it typically leads to
further downside. A teleconference between German, Greek, and French leaders
today resulted in assurances that Greece would remain part of the Eurozone, but
the same problems still exist on the troubled continent. There is a crisis of
confidence starting occuring among European banks, with account holders keen to
protect themselves from calamity. This is exacerbating previous capitalization
concerns, which were confirmed this morning when French banks were downgraded.
Today's action could have been another clever ploy to suck in longs while
relieving some of the oversold condition of the market. Risk is high in
both directions in this environment, and, as we have stated repeatedly over the
last two weeks, it's best to keep your trading light at this stage.’
Flat retail sales keeps U.S. on recession watch
Another Absolutely Bonkers Day Mark Gongloff ‘Still spinning?
Well, folks, that was the stock market. Hope you enjoyed it. Just another
quiet, totally normal day. Yep, just another day when the Dow loses 140 points
in the last 20 minutes of trading, after soaring as high as 280 for pretty much
no fundamental reason.Still, you can’t complain about it too much. All the good
stuff led the market higher today. The S&P’s 1.4% gain was paced by healthy
cyclical stuff like industrials, up 1.75%, consumer discretionary, up 1.65% and
tech, up 1.6%.The Dow transports jumped 2%. The VIX gave up 6.3%.All good
signs, but you can’t shake the nagging feeling that it can’t be realistic,
given how absolutely nuts the action has been lately. The Treasury market held
pretty much steady, with the 10-year note yielding 2% just about all
day.Nobody’s comfortable right now — shorts have got to be worried, and many
got squeezed today.Those of us who are long, meanwhile, are anxiously checking
whether our top has stopped spinning yet.’
Europe's Outlook Darkens as
French Banks Wobble and Austria Delays Greek Bailout at Minyanville
The Daily Market Report Sep 14th, 2011
by News ‘ If There Was Any Doubt… (USAGOLD) —
‘The yield on Greek 1-year money is trading in excess of 140% today; up
dramatically from just a week ago when the 1-year yield was still below 100%.
Clearly this is unsustainable and Greece is unquestionably on the verge of
default, save for some massive infusion of funds that will negate Greece’s need
to access global credit markets…’
Huge Surge in Bank of America
Foreclosures CNBC | Bank of
America is ramping up its foreclosure processing.
David Rosenberg: “It’s Time To
Start Calling This For What It Is: A Modern Day Depression” Zero Hedge | You know
you’re in a depression when interest rates go to zero and there is no revival
in credit-sensitive spending. September 14, 2011
By now
only the cream of the naive, Kool-Aid intoxicated crop believes that the US is
not in either a deep recession, or, realistically, depression. For anyone who
may still be on the fence, here is David Rosenberg’s latest letter which will
seal any doubts for good. It will also make it clear what the fair value of the
stock market is assuming QE3 fails, which it will, and the market reverts to trading
to fair value as predicated by bond spreads. To wit: “ If the Treasury
market is correct in its implicit assumption of a renewed contraction in the
economy, then we could well be talking about corporate earnings being closer to
$75 in 2011 as opposed to the current consensus view of over $110. In
other words, we may wake up to find out a year from now that whoever was buying
the market today under an illusion of a forward multiple of 10x was actually
buying the market with a 15x multiple.” And since we are in the throes of
a deep depression and a 10x multiple is more than generous, applying that to
$75 in S&P earnings, means that the fair value of the S&P is… we’ll leave
that to our readers.
From Breakfast with Rosie, of Gluskin Sheff
We
just came off the weakest recovery on record despite the massive amounts of
stimulus that the U.S. government has delivered in so many ways. That the yield
on the 10-year U.S. Treasury note is down to 2% already speaks volumes because
the last time we were at these levels was back in December 2008 when the
downturn was already 12 months old. A period like the one we have endured over
the past six months when bank shares are down 30% and the 10- year note yield
is down 130 basis points has never in the past foreshadowed anything very good
coming down the pike. If market rates are at Japanese levels, or at 1930s
levels, then it’s time to start calling this for what it is: A modern day
depression.
Look,
that entire period from 1929-1941 saw several quarters of huge bungee-jump
style GDP growth and countless tradable rallies in the stock market.
But
that misses the point.
The
point being that a depression, put simply, is a very long period of economic
malaise and when the economy fails to respond in any meaningful or lasting way
to government stimulus programs. A series of rolling recessions and modest
recoveries over a multi-year period of general economic stagnation as the
excesses from the prior asset and credit bubble are completely wrung out of the
system. In baseball parlance, we are in the third inning of this current debt
deleveraging ball game.
You
know you’re in a depression when interest rates go to zero and there is no
revival in credit-sensitive spending.
The
economy is in a depression when the banks are sitting on nearly $2 trillion of
cash and yet there is no lending going onto the private sector. It’s otherwise
known as a ‘liquidity trap’.
Depressions
usually are caused by a bursting of an asset bubble and a contraction in
credit, whereas plain-vanilla recessions are typically caused by inflation and
excessive manufacturing inventories. You tell me which fits the bill today.
When
almost half of the ranks of the unemployed have been looking for a job
fruitlessly for at least six months, you know you are in something much deeper
than a garden-variety recession. True, we can’t see the soup lines; the soup
lines are in the mail — 99 weeks of unemployment cheques for over 10 million
jobless Americans. Don’t be lulled into the view that we are into anything
remotely close to a normal economic cycle.
Basically, in a
depression, secular changes take place. Attitudes towards debt, discretionary
spending and homeownership are altered for many years, or at least until the
scars from the traumatic experience with defaults and delinquencies fade away.
That is why we saw existing home sales slide to 15- year lows and new home
sales to record lows despite the fact that mortgage rates have tumbled to their
lowest levels in modern history. There is no economic model that would tell you
that declining mortgage rates should lead to lower home sales.
More fundamentally, in a recession, the
economy is revived by government stimulus. In depressions, the economy is
sustained by government stimulus. There is a very big difference between these
two states.
In a recession, everything would be back
to a new high nearly three years after the initial contraction in the economy.
This time around, everything from organic personal income to employment to real
GDP to home prices to corporate earnings to outstanding bank credit are still
all below, to varying degrees, the levels prevailing in December 2007.
Let’s be clear: After all the monetary,
fiscal and bailout stimulus, the economy should be roaring ahead, as would be
the case if the economy were coming out of a normal garden-variety recession.
The fact that there has been no sustained response to all these efforts by the
government to turn things around is testament to the view that this is not
actually a traditional recession at all, but something closely resembling a
depression. That, my friends, is exactly what the bond market is signaling,
with Treasury yields rapidly approaching Japanese levels. Just because the
stock market embarked on a stimulus-led speculative two-year rally, which ended
abruptly in April 2011— does not change that fact.
For all the chatter about whether the
recession that started in December 2007 ended in mid-2009, here is what you
should know about the historical record. The 1930s depression was not marked by
declining quarterly GDP data every single quarter. In fact, the technical
recessionary aspect to the initial period following the asset and credit shock
goes from the third quarter of 1929 to the first quarter of 1933.
I can understand how emotional the
debate can get over whether or not we have actually just stumbled along some
post-recession recovery path or whether or not this is actually a depression in
the sense of a downward trend in economic activity merely punctuated with noise
that is influenced by recurring rounds of government intervention. The reality
is that the Fed cut the funds rate to zero, as was the case in Japan, to little
avail. Then the Fed tripled the size of its balance sheet— again with little
sustained impetus to a broken financial system. Government deficits of nearly
10% relative to GDP, or double what FDR ever ran during the 1930s, have
obviously fallen flat in terms of providing any lasting impact to the economy.
This is going to sound like a broken record
but it took a decade of parabolic credit growth to get the U.S. economy into
this deleveraging mess and there is clearly no painless “quick fix” towards
bringing household debt into historical realignment with the level of assets
and income to support the prevailing level of liabilities. We are talking about
$5 trillion of excess debt that has to be extinguished either by paying it down
or by walking away from it (or having it socialized). Look, we can understand
the need to be optimistic, but it is essential that we recognize the type of
market and economic backdrop we are in.
The markets are telling us something
valuable when (after a period of unprecedented government bailouts, incursions
and stimulus programs) the yield on the 5-year note is south of 1% and the
10-year is down to 2%. Instead of contemplating over how attractively priced
equities must be in this environment, market strategists and commentators would
bring a lot more to the table if they tried to decipher what the macro message
is from this price action in the Treasury market. Conducting stock market
valuation analysis based on unrealistic consensus earnings assumptions does
nobody any good, especially when these estimates are in the process of being
cut, and at a time when the Treasury market is telling us we are the precipice
of another recession.
If the Treasury market is correct in its
implicit assumption of a renewed contraction in the economy, then we could well
be talking about corporate earnings being closer to $75 in 2011 as opposed to
the current consensus view of over $110. In other words, we may wake up to find
out a year from now that whoever was buying the market today under an illusion
of a forward multiple of 10x was actually buying the market with a 15x
multiple.
How’s that for a reality check?
This augers for capital preservation,
defensive orientation in the equity market and a focus on income-yielding
securities; something we’ve been advocating for some time.’
How American Taxpayers Could
End Up Paying for ECB Liquidity Flood at The Wall
Street Journal
Company Analysts Hop On Bandwagon Of
Gloom [ Yes! This is in contradistinction to the ‘funny money’ bandwagon
of irrational exuberance that has swept up nations worldwide who have now
joined the ranks of the fraudulent american manipulated markets of ‘non-value’
asset / security pricing which will end quite badly as always! ]
How Greece Is Mocking the Rest of the
World [ Well, let’s get real here! There’s plenty to mock in this world, and
Greece is hardly the nation to be doing the mocking. I think it’s the markets
that are mocking the rest of the world’s stupidity for buying into this false
reality / obfuscation / fraud, particularly by way of the now pervasive
worldwide acceptance of the american strategy of currency debasement which
really is a fraud facilitator because it masks to all but the intelligent few
the underlying economic weakness and decline. A simplistic example, though not
perfect, is apropos here: a company sells a product for 1 dollar which costs 1
dollar to make (assuming arguendo to cover fixed expenses - no profit). The fed
over-printing / creating dollars like mad to the point where it now takes 2
dollars to render the same purchasing power of
1 dollar when the goods were produced. The company sells the products
for 2 dollars (the previous equivalent of 1 dollar before debasement). The
company is now showing earnings 1 dollar per unit sold, yet in real terms,
they’ve gotten no more than the equivalent of that 1 dollar per unit. (If you’ve
been to the grocery store lately, particularly the last 1-2 months, I’ve found
meats, etc., to be up 50-100%, etc.). The same obfuscating manipulations are
applicable to assets generally, and to those pieces of paper called stocks
which are even ‘worse for the wear’ since churn-and-earn commissions at
lightning computerized speed are being subtracted from this illusory ‘enhanced
value’ which in reality doesn’t exist at all. ( Such manipulations from
currency translation also provide ‘arbitrage opportunities’ though similarly
largely ultimately subtracted from no real value being created. ) This is why
fraudulent wall street loves the fed’s QE’s and dollar debasement /
over-printing / creating and also why it’s been a dismal failure and a net
negative in real economic terms as seen on main street and in the desimation of
the middle class and growing ranks of the poor. In the analysis of securities,
this would be considered ‘the quality of earnings factor’ that goes into the
assignment of a p/e multiple to the projected earnings. Sufficeth to say, this
is no longer done on wall street in any real or legitimate fashion if at all.
Indeed, it’s a fair statement to say that security analysis is no longer a
‘practice’ as same was considered, once upon a time, by value investors /
analysts. As set forth by Dave and Cooper, infra, computerized programmed
manipulation at lightning speed has been expedient in the short run for the
wall street frauds but ultimately leads to the inevitable crash since as I
often reiterate: ‘ Remember,
there is no modern day alchemy that spins worthless paper into gold except
fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. They’re just not that important
and represent, like termites eating away at the nation’s foundation, a drag on
the economy, the nation as one would expect from parasites such as they are’ . What to Expect Next From the
Markets Minyanville Jeffrey Cooper ‘Conclusion: It looks like a program was run
using the least amount of dollars to goose the indices by focusing on some big
cap names like Apple, Amazon, Baidu, IBM, and Caterpillar, Dave’s
Daily:’.. The HAL 9000s have been doing business
as HFTs (High Frequency Traders) launching many buy or sell programs using
complex algorithms which can drive prices on indexes higher or lower in
dramatic fashion. One of their great acts is called "quote stuffing".
It's another illegal activity which the SEC hasn't quite figured out. It's as
futile for them as the illegal fee-driven recent end-of-quarter price
jam-job..’ . Simon
Maierhofer, On Friday September 16, 2011, ‘ Webster's
dictionary defines gullible as naive and easily duped or cheated'.
On
Thursday stocks rallied after Germany and France gave assurance that Greece
will remain a member of the euro.
Haven't
we been down this road before? How often have there been statements assuring
that Greece is fine or will be fine? An Associated Press article stated this
week that: 'Hopes were raised by the outcome of a teleconference Wednesday
between leaders of France, Germany and Greece.'
Hope
worked as propaganda tool for President Obama three years ago, but hope is not
a suitable investment strategy. Einstein's famous definition of insanity comes
to mind: Insanity is doing the same thing over and over again and expecting
different results.
Since the
beginning of 2010 there have been five 10%+ sell offs. All of them, with the
exception of the March 2011 decline (Japan earthquake), were blamed on Greece.
When stocks recovered, it was credited to Greece's rigorous adherence to the
demanded austerity measures or new bailout money.
The
S&P has made no net progress since January 2010. After two years of water
treading and lessons in Greek-style financial mockery we have to ask, is Wall
Street insane?
Greece's
Prime Minister George Papandreou just pledged that a reform program would be on
the top of Thursday's (yesterday) Greek cabinet meeting. To buy stocks based on
a pledge to push a concern that was initially sold as non-issue but has morphed
into a matter of survival on the top of an agenda does seem insane.
Or should
we just consider the Greeks geniuses? After all, they have figured out how to
control Wall Street. Today it only takes mythical Grecian hope for a hopefully
hopeful outcome to excite Wall Street.
A German
saying may describe Greece's situation. Loosely translated, it goes like this:
Once your reputation is ruined, you may live blatantly uninhibited.
Insane
Financial Pain
The Greek
saga began over two years ago, when, on June 23, 2009, Greece's finance
minister nonchalantly disclosed that: 'The rate of growth for the Greek economy
in 2009 is expected to slow more than forecasted. Specifically, it will range
around zero and only return to growth in 2010.' The disclosed budget deficit at
the time was $3.1 billion.
Growth
obviously didn't return in 2010, but the following headlines all offered hope
in 2010:
ECB
member says no bailouts for Greece
Bulls run
on Greece news
Debtors
bet Greece won't spill
Is
Greece's crisis over?
Greece
contagion fears unfounded
IMF
approved $3.3 billion for Greece amid impressive fiscal adjustment
If Greece's
adjustment was that impressive, why are we still talking about Greece?
Small
Fish in the Debt Pond
Greece
has made quite a splash but it is just a small fish in the European debt pond.
Given some more time, we'll probably find out that bigger fish make bigger
splashes. Next in line are Portugal, Spain, Italy and France. In terms of size,
this is probably like comparing a goldfish with a tuna.
The Wall
Street Journal reported on Monday that: 'European banks are cutting back on
dollar denominated loans, a troublesome sign of credit contraction at a time
when American and European economies can least afford it.' Credit contraction
is the mother of deflation and Bernanke's most feared enemy.
The
Chairman of Societe Generale, one of France's largest banks, made it a point to
state on Monday that the bank was well funded. Nevertheless, it will be
reducing its dollar denominated debt and lay off workers. When promises
conflict actions, we know that actions speak louder than words. Laying off
workers is not confidence inspiring.
Back in
February, the ETF Profit Strategy Newsletter warned that: 'The debt problem of
sovereign European countries has or is about to turn into a debt problem of
super sovereign entities. The IMF and EU swallowing up massive amounts of debt
has not eliminated debt, it has merely re- shuffled and concentrated it.'
On July
15, I stated via ETF Profit Strategy Newsletter: 'I know European stocks will
tank eventually but I don't know when. However, I see that the iShares MSCI
EAFA ETF (NYSEArca: EFA - News ) just sliced
below it's 20, 50 and 200-day simple moving averages (SMAs). The same is true
for the iShares MSCI Emerging Markets ETF (NYSEArca: EEM - News ). The high
reward, low risk trade would be to go short EFA or EEM with a stop loss just
above the 200-day SMA Corresponding ETFs are Short MSCI EAFE ProShares
(NYSEArca: EFZ - News ) and Short MSCI
Emerging Markets ProShares (NYSEArca: EUM - News ).
What's
Next?
Fortunately
the European Union can rely on the smarts of its many capable members. There is
former IMF chief Dominique Strauss-Kahn who'd rather force his will on an
innocent Manhattan hotel worker than enforce strict financial rules on member
countries, Luxembourg's Prime Minister Jean-Claude Juncker who openly confesses
to lying if required by circumstances and a whole slew of officials suffering
from gullibility. You should think twice before betting against the European
financial dream team.
As for
me, I rely on technicals, not on officials, their decisions or the media's
interpretation of it. The technicals I focus on are those of the S&P (SNP:
^GSPC). Not surprisingly, European stocks have generally moved in the same
direction as the S&P.
The
S&P and the SPDR Euro STOXX 50 ETF (NYSEArca: FEZ - News ) both topped on
May 2. The S&P's top came right on queue and within the 1,369 - 1,382
target range of a major market top I've outlined via the ETF Profit Strategy
Newsletter since early 2011.
Unlike
the S&P, FEZ sunk to new lows on September 12. On that day FEZ was 38%
below its May 2 high. Some more near-term damage may be to come for European
stocks, but after a 38% haircut is not the time to double up on short
positions.
As far as
the S&P (SNP: ^GSPC), Dow Jones (DJI: ^DJI) and Nasdaq (Nasdaq: ^IXIC) is
concerned, new lows are likely…’
Citi Cuts S&P 500 Target,
Too at The Wall Street Journal
Lesson From A Burst Bubble:
Dead Men Don't Spend at Forbes ‘ The Lehman
bankruptcy was a much more important event than 9/11. It marked the end of a
60-year credit expansion. Maybe it marked the high water mark for the U.S.
empire, too, and the beginning of the end for the U.S. dollar-based world
monetary system.
What’s
most remarkable about this post-Lehman economy is that it is so un-remarkable.
The economy is contracting, and as it contracts, it squeezes jobs, incomes,
spending and prices.
We saw
a note in the press yesterday. It told us that even the wages of sin are
falling. The union that represents waiters and cocktail servers at Atlantic
City casinos says the hourly base has fallen from $8.74 to only $4.50. And tips
are tumbling. Surveys of prostitutes show their earnings are a bit limp, too.
And as
people get squeezed by the financial correction, they gasp for breath. There
are now 46.2 million people in America under the poverty line, according to The Los Angeles Times . That’s the most in 50 years.
But
nothing extraordinary about that either. This is the biggest correction in half
a century too. And you don’t have to look very far to find more confirmation.
That’s
why the 10-year Treasury note yield has fallen to the lowest level since right
after WWII, and it’s why nearly half the people looking for a job have been
looking for more than six months. And it’s why a recent poll shows that 72% of
Americans think the nation is going to hell.
Now,
finally, almost everyone realizes that this is not a recession-recovery
situation. Something else is going on. The Financial Times calls it a Great Recession. Richard Koo calls it a
“Balance Sheet Recession.” And David Rosenberg says we should call it what it
really is — a “modern depression.”
But
we’ll stick with our Great Correction label. Because we think there is more
going on here than even a ‘depression’ describes. (About which…more below…).
So
far, practically everything that has happened is about what you’d expect — the
predictable, ordinary consequences of a contraction. There is nothing
remarkable about it.
But
what’s this? The Dow is back on the rise. Stock market investors don’t seem to
have gotten the message: this economy is in a contraction. They’re still
pricing stocks as if they thought the underlying businesses would grow. But
companies don’t add sales or profits in a contraction.
At
least gold investors seem to have a better idea of what is going on. They sold
the yellow metal. The price of the GLD is dropping.
And
the bond market too has its feet on the ground. The yield on the 10-year note
is only 2.08%. That is a level consistent with a Japanese-style slump…
No
surprises here. But what if there were more going on than a simple financial
correction…even a correction of a 60-year credit expansion? What if the Great
Correction were greater than we thought? More ambitious, more aggressive and
more dangerous?
In the
space of the last 500 years the human population grew approximately 1000%. If
it were a financial chart, you’d look at it and think — ‘uh oh…it’s a bubble.’
What
if we were approaching a correction?
Reuters reports that
the population of Japan is falling like a stone. Some 20 million Japanese are
expected to disappear in the next 30 years.
Declining,
graying populations are not what you need for economic growth. Old people don’t
spend much. Dead people spend even less.
As a
result, the economy shrivels up like a 90-year-old. In Japan today about the
only business still growing is the funeral business. People spend $157 to rent
cold rooms, where they can store their loved ones while they await a spot at
the crematorium. No kidding. Here’s Reuters :
Annual deaths are expected to peak at
1.66 million in 2040 as the bulk of the nation’s baby boomer generation
expires. By then, Japan’s population will have shrunk by around 20 million
people, an unprecedented die off for a nation neither at war or blighted by
famine.
Dead Men Don’t Spend Bill
Bonner o riginally appeared in the Daily Reckoning
ETFs have potential to become
the next toxic scandal Sep 19th, 2011 News (The
Telegraph) — Back in April, the Financial Stability Board (FSB), an
international super-regulator, wrote a prescient if less than catchily-titled
paper “Potential financial stability issues arising from recent trends in
Exchange Traded Funds (ETFs)”.Its central warning – that ETFs are not the cheap
and transparent vehicles the marketers would have us believe – was spot on.
When UBS’s $2bn black hole hit the screens on Thursday, no one who read the FSB
report was surprised to see the words ETF and rogue trader in the same
sentence…around half of the ETFs in Europe today do not match the index they
are designed to track by holding all of its constituent shares. Unlike the
plain vanilla “full replication” ETFs which do, 45pc of the
market is in the form of so-called “swap-based” ETFs which instead
use derivative agreements, often with investment banks, to simulate the
performance of the underlying assets. Derivative trades add a second layer of
uncertainty to the unavoidable ups and downs of the market, the counterparty
risk that the organisation on the other side of the contract might go bust.
Even worse, the provider of the ETF might sometimes be a part of the
same organisation as the derivatives desk carrying out the swap …For reasons
which I’m not sure I could explain even if I had the space, it is possible
for the number of shares sold short in an ETF to massively exceed the actual
number of shares available . [ source ]
4 'Invisible' Forces to Seal
the Market's Fate ETFguide Simon Maierhofer, On Monday September 19, 2011, ‘ In 2004, Daniel Simons of the
University of Illinois and Christopher Chabris of Harvard University conducted
an experiment that was as simple as it was fascinating.
If you
want to be part of the experiment, watch this video before
you read any further.
The Experiment
There
are two groups of three people each. One group is wearing black shirts, the
other group white shirts. The assignment is to watch how many times the players
wearing white, pass the basketball.
If you
counted 15, you are correct. But more importantly, did you notice the gorilla?
While you were counting passes, a woman dressed in a gorilla suit walked slowly
across the scene, stopped to face the camera and thumped her chest.
Half
of the people watching the video with the intent of counting passes did not see
the gorilla. The experiment illustrates the phenomenon of unintentional
blindness. This condition, also known as perceptual blindness, prevents people
from perceiving things that are in plain sight.
For
most of 2010-11 Wall Street was so enamored by the magical powers of QE2 that
it forgot about the 800-pound gorilla - the economy that wasn't improving. In
fact, the economy continued deteriorating in plain sight.
There
are five bearish mega trends that may draw stock prices much lower over the
coming years. Here are the five mega trends (and what will make stocks rally in
between).
U.S. Deficit
For a
moment, take a mental journey with me back in time. We are now in early 2008.
The major indexes a la S&P (SNP: ^GSPC), Dow Jones (DJI: ^DJI), and Nasdaq
(Nasdaq: ^IXIC) are slowly coming off their all-time high and the VIX (Chicago
Options: ^VIX) is reflecting some complacency before the collapse of Lehman
Brothers hits the news.
Unbeknownst
to most, the perfect financial storm is brewing. Once the storm hits, it is
much worse than anyone expected. But, the eventual damage is limited. Why?
Because, the government steps up and does what it takes to prevent the
financial system from failing.
Today
has the feel of early 2008. Another perfect storm may be brewing. Will the
government be there to do what it takes to support 'too big to fail?' No! In
2008 financial companies were in trouble. In 2011 entire countries (look at
Europe and the U.S.) are struggling to escape the grip of delinquency.
A Decelerating Generation
Starting
in 2011, more than 10,000 baby boomers a day will turn 65, a pattern that will
continue for the next 19 years. This dry humor cartoon encapsulates the problem
retirees' face today:
Two
older gentlemen are having a drink. One says: 'As a Baby Boomer, I never
thought the boom would be the sound of my retirement accounts collapsing.' He'd
like to sip on a nice Scotch while enjoying a steak, but has to settle for
water and free bread sticks at Olive Garden.
Most
retirees still haven't recovered from the lost decade. Let's make the term lost
decade more personal. A 55 year old with $100,000 in his retirement account at
the beginning of the year 2000 and a 6% projected rate of return, would have
$201,419 today.
The
S&P trades 20% below its 2000 level. Courtesy of the lost decade, that
$100,000 in the year 2000 has turned into $80,000 today (perhaps less if
invested too aggressively). In other words, many retirees may have to get by on
less than half of their expected nest egg. In addition, their home, rather than
being an asset (many considered it an ATM a few years ago), has turned into a
liability.
It
doesn't take much imagination to see that strapped retirees are bad for
economic growth. When the focus is on survival rather than pleasure, sectors
like technology (NYSEArca: XLK - News ), retail (NYSEArca: XRT - News ), and consumer discretionary (NYSEArca:
XLY - News ) suffer.
In
addition, baby boomers that have been buying stocks for decades (think of all
the 401k money) are now turning into sellers of stock.
Low Interest Rates
Low
interest rates are great for the U.S. government because it reduces debt
payments on Treasuries and businesses wanting to expand. Unfortunately,
businesses don't feel like expanding or even hiring and for pretty much
everyone else low interest rates are negative.
Some
try to sell the idea that low interest rates are good for stocks (NYSEArca: VTI - News ) because money will flow from low
interest bonds into stocks in an effort to get a better return.
The
chart below plots the Nikkei against Japan's version of the discount rate. The
discount rate has been below 1% since 1995. At the same time the Nikkei has
dropped from above 20,000 to below 10,000. Much of this happened during a
raging global bull market. Imagine what a global bear market can do to U.S.
stocks.
https://www.etfguide.com//contributor/UserFiles/8/Image/yahoo%20japan%20discount.gif
Low
interest rates are a double negative because they reduce available spending for
retirees who need to get as much income as possible to survive.
Coming to a Head
The
above three bearish trends were highlighted in detail in various 2011 ETF
Profit Strategy Newsletters. Due to those, and other mega trends, the
Newsletter has been expecting a major market top.
For
much of 2011 however, the expectation of a major market top was postponed until
the ideal target range was reached. The April 3 ETF Profit Strategy update
included a precise range for a major market top: 'In terms of resistance
levels, the 1,369 - 1,382 range is a strong candidate for a reversal of
potentially historic proportions. '
Why
was S&P 1,369 - 1,382 a candidate for a reversal of historic proportions?
The chart below, published by the ETF Profit Strategy Newsletter in March and
many times since, has the answer.
https://www.etfguide.com//contributor/UserFiles/8/Image/yahoo%20M%20pattern.gif
What
you see is a giant M, or head and shoulders top. The right shoulder was made up
of the parallel trend channel that connects the 2002 and 2009 low, with the
2000 high. In April/May the upper line of the trend channel ran through 1,377.
Additional resistance was provided by Fibonacci levels at 1,389 and 1,369.
On May
2, the S&P briefly spiked as high as 1,370.58 before retreating and
eventually dropping 18% in twelve trading days (July 25 - August 9). Once the
S&P dropped below the 200-day SMA it entered free fall territory…’
Stock-ECRI Disconnect Suggests
More Downside at The Wall Street Journal Oddly Cheery Greek
Pronouncements, Part Deux at The Wall Street Journal Greek Finance Ministry Sends
Oddly Cheery E-Mail at The Wall Street Journal Apple Hits New High (Update1) Stocks cut losses on hopes for Greece Analysis: Japan's lost decade still a risk for U.S.
economy Behind the poverty numbers: real lives, real pain Market Havoc and Threats to
Your Pension International Forecaster | We have warned over and over
again that government was going to come after your private retirement
funds. US taxpayers could be on hook
for Europe bailout MSNBC | The U.S. is coming to Europe’s financial rescue.
Market Recap: S&P Downgrades
Italy, Housing Starts Tumble, Markets Wait on Bernanke Wall St Cheat Sheet September 20,
2011, Markets closed mixed on Wall Street today: Dow +0.07% , S&P -0.17% ,
Nasdaq -0.86% , Oil +1.39% , Gold +1.65% .
On the
commodities front, Oil climbed to $86.89 a barrel. Precious metals also
climbed, with Gold rising to $1,808.30 an ounce while Silver climbed 1.95% to
$39.93 an ounce.
Hot Feature: European Central Banks Are
Hungry for Gold
Today’s
markets were mixed because:
1)
Italy. Standard & Poor’s cut Italy’s credit rating late Monday by
one level to A from A+, citing weak economic growth and criticizing Rome’s
response to the debt crisis. Italian Prime Minister Silvio Berlusconi
responded, saying that the move was influenced by “political considerations”
and media stories rather than economic reality. Markets quickly shrugged off
the news, with major indices in Italy, Germany, and London all opening higher
this morning.
2)
Bernanke. Goldman Sachs provided a preview of what investors could see tomorrow
from the Federal Reserve , saying there
is a “high probability that the FOMC will announce further easing steps at the
conclusion of this week’s meeting.” Goldman went on to say that Operation Twist
looks “very likely” and that, “As a complementary measure, we also expect that
the committee will announce a cut in the interest on excess reserves (IOER)
rate to 0.1% from 0.25%, although this is a much closer call. An IOER cut would
lower market interest rates a small amount and could aid communication.” The
expectation of good news buoyed markets despite a day full of negative or at
least neutral economic data, and had the major indices climbing high in
mid-day, though they’ve since declined toward more reasonable levels, given
that the IMF announced today that it had lowered its global economic forecast
for 2011 and 2012, with growth in Europe and the U.S. stalling.
3)
Housing. Both housing starts and completions declined in
August from already depressed numbers, according to a monthly report by the
Department of Urban Housing and Development, in conjunction with the U.S.
Census Bureau. However, building permits increased last month, which means more
projects are likely to start within the next six months. The news had building
stocks climbing higher, including Toll Brothers , D.R. Horton , KB Home ,
PulteGroup , Hovnanian Enterprises , and The Ryland Group all outperforming the
major indices.
BONUS:
IMF Downgrades Global Economic
Outlook ‘
30 Signs That The U.S. Economy
Is About To Go Into The Toilet The Economic Collapse | If you think
the U.S. economy is bad now, just wait for a few months.
Signs The Perfect Economic Storm Is Coming | www.bullfax.com http://www.bullfax.com/?q=node-signs-perfect-economic-storm-coming 09/22/2011 By Michael T. Snyder The financial world is officially going crazy. Can you believe what is
going on out there right now? Financial markets have been jumping up and down
like crazy for months and this is creating a lot of fear. Other than during the
financial crisis of 2008, in the post-World War II era have we ever experienced
as much financial instability as we are seeing right now? Should we just accept
that massive financial instability is going to be part of "the new
normal" in the financial world? The wild swings that we are witnessing in
the global financial marketplace are making a whole lot of people very nervous
right at the moment. When markets go up, they tend to do it slowly and
steadily. When markets go down, a lot of times it can happen very rapidly.
Also, as I have mentioned before, more major stock market crashes happen
during…The following is from an article that was recently posted on MarketWatch .... The insiders have vanished.
Chief executives. Board members. The head honchos. The people who know. Just a few weeks ago, they were out in force, buying up
shares in their own companies with both hands. No longer. They’ve disappeared. Almost overnight. “They’ve stopped buying,” says Charles Biderman, the
chief executive of stock market research firm TrimTabs, which tracks the data.
For some reason, this almost always
starts happening before a crash. So obviously this is not a good sign.
A lot of normal investors have been
pulling large amounts of money out of stocks as well. The following is from a
report in the Financial Post ....
Investors have pulled more money from U.S. equity funds since the end of
April than in the five months after the collapse of Lehman Brothers Holdings
Inc., adding to the $2.1 trillion rout in American stocks.
About $75 billion was withdrawn from funds that focus on shares during the
past four months, according to data compiled by Bloomberg from the Investment
Company Institute, a Washington-based trade group, and EPFR Global, a research
firm in Cambridge, Massachusetts. Outflows totaled $72.8 billion from October
2008 through February 2009, following Lehman’s bankruptcy, the data show.
Are you starting to get the picture?
Not only that, but a third very
troubling sign is that an extraordinary number of bets have been placed against
the S&P 500. As I noted the other day , if there is a
stock market crash in the next few weeks, somebody is going to make a ton of
money....
We are seeing an amazing number of bets against the S&P 500 right now.
According to CNN, the number of bets against the S&P 500 rose to the highest level in a year is absolutely astounding
It doesn't take a genius to see all the
dark financial clouds that are gathering on the horizon.
And all of the bad news that is
constantly coming out of Europe is certainly
not helping things. For example, yesterday S&P slashed the credit ratings of seven different Italian
banks .
Credit downgrades have become so
frequent that we hardly even notice them anymore. Pessimism is everywhere right
now. Suddenly it seems like almost everyone is predicting that another
"recession" is coming....
According to a
recent Harvard Business Review survey, 70 percent of global
business leaders believe that a global recession is "somewhat likely"
or "very likely" in the coming months.
Economist
Nouriel Roubini says that we are " already in recession ".
When asked by
CNBC what he thought about the possibility of another recession, George Soros said the following the other
day : “I think we are in it
already.”..’
Portfolio Insights by Brett
Arends Sept. 21, 2011 Brett Arends , MarketWatch
BOSTON (MarketWatch) — ‘Something ominous is happening on Wall Street, but
nobody has noticed. The insiders have vanished. Chief executives. Board
members. The head honchos. The people who know. Just a few weeks ago, they were
out in force, buying up shares in their own companies with both hands. No
longer. They’ve disappeared. Almost overnight. “They’ve stopped buying,” says
Charles Biderman, the chief executive of stock market research firm TrimTabs,
which tracks the data. “Insiders aren’t buying this rally.” Insider stock
purchases, which surged above $100 million a day in the market slump last
month, have now collapsed to just $13 million a day. Meanwhile the ratio of
insider sales to purchases has skyrocketed. Today insiders are dumping $7 in
stock for each $1 that (other) insiders are buying. That’s a worrying ratio.
Six weeks ago the amounts of purchases and sales were about equal. It’s the
kind of news that should give investors pause. What insiders do with their own
money is one of the stock market’s best barometers. After all, who better than
company executives know their own order books? Who knows the conditions in
their industry better? You find insiders typically buying heavily at the market
lows — they did in 1987, in 1998, and they did during the financial crisis in
2008-9. (You also typically find them cashing out big-time at the peak). ‘
MARKETS DESTROYED AROUND THE
WORLD: Here's What You Need To Know Business
Insider
The Real Reason Behind the Market's
Meltdown Simon
Maierhofer, On Thursday September 22, 2011, 11:01 pm
Was it
just bad timing or did the Fed cause this two-day market meltdown?
Since
Bernanke spoke yesterday the S&P (SNP: ^GSPC) lost as much as 80 points,
nearly 7%. The Dow Jones (DJI: ^DJI) shed about 700 points, the Nasdaq (Nasdaq:
^IXIC) 150 points and the financial sector (NYSEArca: XLF - News ) tumbled 7.7%. The VIX (Chicago
Options: ^VIX) soared over 25%.
No
doubt the Fed seems to have lost the touch that made QE2 a temporary 'success'
(if success is measured exclusively by stock prices).
Bad Timing
But
quite frankly, the timing of 'Operation Twist' was just plain bad. The market's
fate was sealed even before Bernanke stepped on stage. Already back in August
the ETF Profit Strategy Newsletter highlighted seven reasons why new lows are
likely between September 6 and September 28.
In a
special pre-FOMC announcement update on Tuesday night, the Newsletter confirmed
its bearish outlook and recommended to short the S&P as soon as it breaks
below 1,191. Why 1,191? Because it was important support composed of this
week's pivot, Fibonacci support, the 20-day moving average and Monday's low.
Here
are six reasons why new lows were likely and where and why stocks will bounce.
A Major M-Pattern (or Head-and Shoulders) Top
Since
early 2011 the ETF Profit Strategy Newsletter has been expecting a major market
top. The chart below shows a bearish multi-decade M-pattern (or sloppy head-and
shoulders). The key question was were the right side of the 'M' would end.
The
chart below was featured in an April 5 update along with the following
commentary: 'In terms of resistance levels, the 1,369 - 1,382 range is a strong
candidate for a reversal of potentially historic proportions.'
https://www.etfguide.com//contributor/UserFiles/8/Image/5%20-%20April%203%20TF.jpg
RSI Divergence
There
is one striking similarity between the October/November 2008, March 2009 and
May/June/July 2010 lows. In all three cases the S&P reached an initial
price low accompanied by an RSI (relative strength indicator) low. However, a
more lasting low was not reached until the S&P recorded a new price low
against higher RSI reading.
In
other words there had to be a divergence between the S&P and RSI. The
S&P and RSI both recorded their initial low on August 9. Now we are waiting
for a new S&P low while RSI stays above its August 9 reading.
Seasonality
August,
September, and October is the most bearish stretch of the year. September and
October sport negative performance even in the pre-election year.
Sentiment
From
S&P 1,370 on May 2 to S&P 1,258 on June 16, the S&P shed 112 points
and sentiment measured by Investors Intelligence (II) and the American
Association for Individual Investors (AAII) turned deeply bearish. The June 16
ETF Profit Strategy update took that as a queue to buy (long
positions were closed at S&P 1,340).
From
S&P 1,353 on July 7 to S&P 1,102 on August 9 the S&P lost 251
points, yet the II sentiment poll registered the second most bullish reading since
the first week of May. AAII and II polls are often considered the 'dumb money.'
If the 'dumb money' views last Wednesday's low as a buying opportunity, the
'smart money' should be suspicious.
VIX Pattern
If you
have the charting capabilities, take a moment and plot the VIX (Chicago
Options: ^VIX) against the S&P for the month of September - November 2008
and April - July 2010. If you don't have the time you may simply look at the
chart below.
https://www.etfguide.com/images/PDNewsletter_Images/yahoo%20-%20vix%20pattern.gif
What
What we've seen in 2008 and 2010 is that a VIX peak did not coincide with the
S&P bottom. The S&P bottom actually occurred against a lower VIX
reading. If this pattern continues, we will see lower lows.
The
August 14 ETF Profit Strategy Newsletter update includes a detailed analysis of
the VIX pattern, along with the time frame and target level for an expected
turn.
The Script
Via
more or less accidental chart surfing, I found a striking resemblance between
the 2007 market top and the May 2011 top. This moved me to state in the
July 17 Profit Strategy update that:
'There
is a similar trend line and a triple top above the trend line. A break below
that trend line could be a precursor of bad things. Next week the trend line
will be at about 1,262.'
The
S&P sliced through that trend line on August 4 and fell an additional 12%
within the next four days. A deeper analysis of this chart parallel also
suggests new lows.
The Outlook
The
market's performance over the last couple of days has validated the studies
above. We are now waiting for new lows…’
Market Recap: China Falters,
Banks Exposed, and Fed Causes Market to Plummet Wall St. Cheat
Sheet, September 22, 2011, Hot Feature: U.S. Home Prices Down 3.3% Today’s markets
were down because:1) Fed. Markets plummeted today following dire remarks on the
economy from the Federal Reserve . The news of
slowing growth also pushed most commodities lower, including oil, gold, and
silver, while only Treasuries moved higher as investors sought one of the few
safe havens left. The Fed’s announcement of Operation Twist yesterday failed to
instill much confidence in the economy, and few think the measures will be
enough to reverse the economic downswing over the last few months. After all the
anticipation leading up to the Fed’s decision, investors were left with the
understanding that not even the Fed has the power to turn this thing around. 2)
China. Through all the economic turmoil that has engulfed the globe over the
last few years, China has been the one shining beacon of progress and growth.
However, despite the fact that China’s economy is still on track to grow 8.5%
to 9% this year, its manufacturing sector has been contracting for the last
three months now, according to HSBC’s manufacturing PMI. There was a lot of
concern over China because heretofore it’s been the one pocket of unstoppable
strength in the global economy,” said Paul
Larson , chief equity strategist at Morningstar. “If that stops
and China becomes a drag on worldwide growth, it could have big implications
here in the U.S.” News that China might not be as infallible as once though had
a host of popular Chinese stocks plummeting today, including shares of Sohu.com
, Youku.com , RenRen , Sina Corp. , and Baidu.com , which fell nearly 11%
today.3) Banks. After Moody’s downgraded some of the nation’s top banks
yesterday, investors are growing worried about the financial industry’s
exposure to the sovereign debt crisis in Europe. Not only were Bank of America
, Wells Fargo , and Citigroup continuing to slide today after Moody’s
downgraded them, citing the unlikelihood that the government will step in should
the financial sector find itself in a similar situation to that of 2008, but
the entire sector fell on concerns that Moody’s was right. Barclays , JPMorgan
, Goldman Sachs , and Morgan Stanley were all heavy drags on the markets today.
European banks were trading sharply lower for the same reason, with France’s
SocGen and Credit Agricole falling 9.5% each, while Deutsche Bank and Credit
Suisse also underperformed the markets. BONUS: Jobless Claims Continue in the
Wrong Direction ‘
Federal Reserve's Twist of
Fate Forecasts a Waterfall Into Early October at Minyanville Europe debt crisis, dire
economic reports cause Dow plunge Sep 22nd, 2011
News (HousingWire) Live Blog: Market Meltdown at The Wall
Street Journal EU officials expect Greece to
default but stay in eurozone London Telegraph | There is a growing
consensus among EU diplomats and officials that Greece will default while
remaining inside the eurozone. Depressed As A Nation? 80
Percent Of Americans Believe That We Are In A Recession Right Now The Economic
Collapse | According to a brand new Gallup poll, 80 percent of Americans
believe that we are in a recession right now. Soros: US Is Already in
Double-Dip Recession CNBC.com | Soros said he believed the
United States was already experiencing the pain of a double dip recession.
Stocks: Don't Get All
Comfortable Just Yet at The Wall Street Journal Brendan Conway ‘Just as investors are coming out of
their bunkers, S&P chartist Mark Arbeter says that the stock market is
“breaking down” in “what could be a very nasty prelude to the fourth
quarter.”He adds that “we do not think it will be long before the August
lows get taken out.”The technician predicts that the S&P 500 will
break through support at 1,110-1,120 to “eventually” meet its next support
level around 1,020, or another 11% below Friday’s levels.“It appears that
the next wave down has begun in earnest, and we recommend extreme caution
at this point,” he says.’
Fed vs Market - Will Selling Pressure
Overpower Operation Twist? Simon Maierhofer, September 23,
2011, The Fed just unleashed a $400 billion package to boost the economy. To say
the market didn't react favorably would be an understatement.
The
Financial Select Sector SPDR (NYSEArca: XLF - News ) greeted the program with an 8%
haircut. The S&P (SNP: ^GSPC), Dow Jones (DJI: ^DJI) and Nasdaq (Nasdaq:
^IXIC) fell 4-6%. On the bright side, the yield of the 10-Year T-Note dropped
another 0.242%, from one all-time low to the next.
Will
'Operation Twist' buoy stocks or will the market overpower the Fed's
half-hearted effort? Believe it or not, but after some more suffering, I
believe the Fed will eventually reap some (temporary) credit for this stick
save (more about that in a moment).
Bernanke Must be Surprised
In his
February 9, 2011 speech before the U.S. House of Representatives, Ben Bernanke
was quick to take credit for the results of QE2: 'Since then (the onset of
QE2), equity prices have risen significantly, volatility in the equity market
has fallen. All of these developments are what one would expect to see when
monetary policy becomes more accommodative.'
On
February 9, the S&P closed at 1,320, the VIX (Chicago Options: ^VIX) at
15.87. Today the S&P is 13% lower while the VIX has soared a stunning 160%.
Bernanke's credibility has tumbled somewhere between 13 and 160%.
Contrary
to Bernanke's upbeat outlook, the ETF Profit Strategy Newsletter published the
following chart just a week after Bernanke's comfy cozy assessment of QE2 and
the stock market's reaction.
https://www.etfguide.com//contributor/UserFiles/8/Image/yahoo%20M%20pattern.gif
The
chart shows a giant bearish head-and shoulders or M-pattern. At the time, the
Newsletter projected a market top at 1,382 - 1,385. The April 4 ETF Profit
Strategy update refined the target range: 'In terms of resistance levels, the
1,369 - 1,382 range is a strong candidate for a reversal of potentially
historic proportions.'
Sleep in the Bed You Made
Operation
Twist - the Fed's latest concoction - became necessary because QE2 didn't
stick. Banks (NYSEArca: KBE - News ) graciously accepted the generous $600
billion donation, but despite the huge cash infusion, the Banking Index today
trades 22% below its November 3, 2010 prices, when QE2 was launched.
Will Operation Twist be More 'Successful' than QE2?
QE2
created $600 billion out of thin air while Operation Twist merely changes the
maturities of the Fed's existing balance sheet.
Over
the next nine months the Fed will sell $400 billion worth of short-term (3
years or less) Treasuries and use the proceeds to buy maturities ranging from 6
- 30 years. Maturing mortgage-backed securities (MBS) will be re-investing in
MBS, not in Treasuries.
If you
are wondering how this approach of transferring money from the left to the
right pant pockets makes a difference, you've already found the reason for the
post FOMC-announcement meltdown.
Wall
Street considered the proposal half-hearted and the stated goal of lowering
long-term interests unnecessary, especially considering that the yield on the
10-Year T-Note is already at a multi-decade low.
Range bound Trading with a Purpose
From
July 21 - August 8 the S&P lost nearly 250 points. Nevertheless, the August
8 TF made clear that there will be another low and stated that: 'One of the
conditions for a market bottom is lower lows against improving breadth. Breadth
was horrible today and no lasting low was reached. What generally tends to
happen within a major sell off is a period of time where stocks take a breather
followed by the final leg down. This final leg sports lower prices but
improving breadth.'
Support
at 1,121 held and the S&P was due for a 'breather period.' The back and
forth of the recent weeks qualifies as just that. It also shows that there's a
method behind the market's madness.
Range
bound trading lulls investors into a false sense of security and makes traders gun
shy before pulling the proverbial rug out from underneath them.
In a
special Tuesday's pre-FOMC decision update, the ETF Profit Strategy Newsletter
pointed out that the down side risk remains much bigger than the up side
potential and that the direction for XLF is down as long as it doesn't move
above the 20-day SMA at 12.70 and last week's high at 13.04.
Connoisseurs
of technical analysis will find the following chart of interest. The update
brought out that percentR (a measure of relative strength) moved above 80 for
the first time since late July. The chart below (featured in Tuesday's update)
showed what happened the last two times percentR moved above 80 - stocks
dropped.
https://www.etfguide.com//contributor/UserFiles/8/Image/yahoo%20-%20spx%209%2020%2011.gif
The
actionable recommendation given was for aggressive investors to go short with a
break below 1,191. Selling accelerated as soon as the S&P broke through the
support at 1,191 and didn't stop until the S&P reached support at 1,121.
There
were seven other reasons why I expected new lows (see August 14 and 21 update
for a concise summary), one of them is seasonality. August, September, October
is a bearish time of year, even during Presidential election years…’
Are We Japan Yet? No! But Closer!
More Pain Is Coming To
Equities
http://regator.com/p/253227580/more_pain_is_coming_to_equities By Penguin Capital Markets: ‘Run! That's
what equity markets are screaming right now, and I have to agree. While markets
have already dropped in reaction to the poor FOMC announcement, we've only
scratched the surface of what could be another free-fall in stocks. The already
significant drop in copper is a leading indicator that the recession. Look how
the metal has just recently lost all its price momentum as of August.’
[video] Preservation of
Capital Is (and should be, since much worse to come, the primary) Priority at TheStreet.com
Taken to Task: ‘Free Market’
Champions Go Begging for Bailouts (Reprise) The Daily
Ticker Aaron Task ‘Financial markets tumbled this week amid disappointment the
Fed didn't do more and general disgust with the lack of action from European
policymakers.
Which
brings us to another installment of Taken
to Task.
For
all the talk about how traders love the free market and believe in the
principles of unfettered capitalism, the folks on Wall Street can't seem to get
enough of government bailouts.
After
Ben Bernanke pledged to spend $400 billion on Operation Twist this week, I
heard many more complaints about how the Fed didn't do ENOUGH vs. any chatter
about how they've gone too far, are out of bullets and pushing on a string.
That's so "first-half of 2011" before the stock market turned south,
that is. ( See: Fed Action Fails To Boost
Animal Spirits: "Marginally Helpful," Says Former Fed Governor)
It
seems the bold champions of free markets on Wall Street only like laissez faire capitalism when the markets are RISING.
This
weekend, traders are hoping for some plan — ANY plan — to deal with Greece,
whether it comes from the ECB, the IMF, the World Bank, Poseidon or Zeus. But
nobody seems to be wishing to just let the chips fall where they may. Haircuts for bondholders? Write-downs for banks? Egads!
The pain must be avoided at all costs! ( See: Apocalypse Now? Markets Tumble as Europe Approaches "Tipping
Point" )
Of
course, a generation of traders has been conditioned to believe the Fed — or
some other institution — will come riding to their rescue if things get really
dicey, or even just a little bit uncomfortable. So we can't blame them for
taking on too much unhedged risk and (not-so) secretly hoping for yet another
bailout, can we?
Just
like there are no atheists in foxholes, the really are no libertarians on Wall
Street. The only ideology traders believe in is making money and if that means
more government intervention, bring it on! Someday, maybe, we'll get back to
something approaching a free market. But if such a thing ever really existed,
it was a long time ago in a galaxy far, far away.’
China Slowdown Pushes Chinese
Internet Stocks and VIEs Off a Cliff Wall St. Cheat
Sheet
Moody's downgrades 8 Greek banks ATHENS, Greece
(AP)
European and US Economies
Teetering on Weak Policy, Leadership at Minyanville Kerr Sep 23,
2011 ‘Keeping up with today's financial and economic news is akin to watching a
typical reality TV spot.’
Global economy pushed to the
brink Sep 23rd, 2011 News (Financial
Times) — Time is running out to find a solution to the eurozone crisis and
prevent another global recession, finance ministers warned on Friday, as they
hinted that discussions were under way to boost the firepower of European
rescue funds.Financial markets experienced another day of intense volatility as
investors struggled to interpret an emergency statement from the Group of 20
leading economies, which met on the sidelines of the International Monetary
Fund and World Bank meetings in Washington.…Gold continued to slide sharply and
US oil prices traded below $80 a barrel, their lowest in more than a year.
Shares rallied modestly in Europe and the US, accompanied by selling in
government bonds and the dollar.[ http://www.ft.com/intl/cms/s/0/9bedaa82-e603-11e0-960c-00144feabdc0.html#axzz1YUm6X1iD ]
CME raises margins for gold,
silver, copper Sep 23rd, 2011 News (MarketWatch) — The CME Group CME +0.00% ,
the parent company of the New York Mercantile Exchange, on Friday raised margin
requirements for some gold, silver and copper futures contracts. Margins are
money investors must put up to be able to trade and hold futures contracts.
Initial requirements for gold’s benchmark contract rose 21% to $11,475 per
contract, from $9,450 and maintenance margins climbed to $8,500 from $7,000 per
contract. Initial requirements for silver’s benchmark contract rose 16% to
$24,975 per contract, from $21,600 and maintenance margins climbed to $18,500
from $16,000 per contract.[source ] PG View : It is likely
that expectations of this margin hike factored into today’s sell-off.
Gold Plunges More Than $100 as
Investors Sell Sep 23rd, 2011 News (Bloomberg) — Gold
fell, capping the biggest two- day plunge since 1983, on investor sales
following routs in global equity and commodity markets.More than $3.4 trillion
has been erased from equity values this week, sending a global measure of
shares into a bear market, on concern that governments are running out of tools
to avert a recession. The Standard & Poor’s GSCI Index of 24 commodities
fell to a nine-month low today. Gold has dropped 15 percent since reaching a
record $1,923.70 an ounce on Sept. 6.“Gold has become the source of liquidity
for global margin calls,” said Michael A. Gayed, the chief investment
strategist at Pension Partners LLC. “Also, deflationary pressures are acting on
gold.” PG View : We’ve seen very strong physical buying
interest on this retreat. Savvy investors know from experience that
deleveraging breaks provide buying opportunity. The dollar and bonds may be up
for now, but most realize that they aren’t the true safe-havens that they once
were, and such allocations are therefore unlikely to prove sticky.
Dow Sinks 6.4% for Week Sep 23rd, 2011
News (Wall Street Journal) — Fears of a possible Greek
default and the U.S economy dipping back into recession pushed the Dow Jones
Industrial Average to its worst weekly decline since the depths of the
financial crisis.Stocks edged slightly higher on Friday, as a pledge from
global officials to maintain financial stability alleviated some investor
anxiety. The slim gains, however, failed to overshadow the market’s poor weekly
performance.The Dow edged up 37.65 points, or 0.4%, to 10771.48. But the index,
which plunged 675 points on Wednesday and Thursday, finished the week down 6.4%,
its worst performance since the week ended Oct. 10, 2008. [ source ]
G20 vows support for the
global economy Sep 23rd, 2011 News (Financial
Times) — The Group of 20 leading economies pledged a “strong and co-ordinated”
effort to stabilise the global economy in an attempt to calm tumbling equities
markets spooked by fears of recession in the eurozone and a gloomy economic
outlook in the US.Bowing to pressure from investors to take action, finance
ministers from the G20 economies said in a communiqué issued late on Thursday
that they would stop the European debt crisis from deluging banks and financial
markets, and take the necessary steps to bolster the eurozone’s rescue fund and
assist banks to boost capital reserves in line with new global regulations. The
statement followed a day in which the equity markets suffered some of the
biggest falls since the collapse of Lehman Brothers in 2008, as investors
rushed to safety in a widespread sell-off.“We commit to take all necessary
actions to preserve the stability of banking systems and financial markets as
required,” the group said in a statement. “We will ensure that banks are
adequately capitalised and have sufficient access to funding to deal with
current risks and that they fully implement Basel III along the agreed
timelines.”[ source ]
Dollar gains driven by flight
to safety Sep 23rd, 2011 News (Financial
Times) — Risk aversion in equity and commodities markets drove the dollar
higher this week as hopes for economic recovery were dealt another blow by the
Federal Reserve’s latest assessment of US growth.The dollar climbed across the
board on Thursday as investors sought safety and global equity markets tumbled
with other risk assets, including industrial metals and oil. The latest
catalyst for investors to flee for cover was the Fed’s statement on Wednesday
that there were now “significant downside risks to the economic outlook”.[ source ] PG View : Should more
accurately say “perceived” or “relative” safety.
Gold trades under $1,700,
loses 4% Sep 23rd, 2011 News (MarketWatch)
— Gold futures slid below $1,700 an ounce on Friday, losing more than 4% as
turmoil in global financial markets continued and investors rushed to sell
metals positions to raise cash. [ source ]
New York Fed re-monetized
$0.930 billion in Treasury coupons in today’s QE2.5 operation. Sep 23rd, 2011
News
Morning Snapshot Sep 23rd, 2011 News (USAGOLD) —
Gold extended sharply lower in overseas trading, pushing below the $1700 level
for the first time in 7-weeks, as the global asset rout continues. The dollar
remains well bid, trading near 7-month highs, bolstered by flight out of stocks
and out of the euro.The G20 vowed “strong and co-ordinated” support in their
communiqué late yesterday, saying “We commit to take all necessary actions to
preserve the stability of banking systems and financial markets as required.”
However, the absence of specifics did little to reassure markets. The market
now looks to weekend IMF and World Bank meetings for guidance.Meanwhile,
Congress is embroiled in yet another partisan battle, this time centered on a
continuing spending resolution. The Republican controlled House passed a
spending bill yesterday, but the Democrat controlled Senate has vowed to shoot
it down. Failure to pass a resolution could result in a government shut-down
next week. This is exactly the kind of behavior that promoted S&P to
downgrade the US.
•
France business confidence falls to 99 in Sep, below market expectations, vs
105 in Aug; production outlook tumbles to -29.
Investors Lose Faith in Stocks LAURICELLA
‘European nations, flirting with recession, can't agree on how to climb out
from under their pile of debt. The U.S. is careening toward a budget fight that
threatens to shut down the government. China's mammoth economy may be downshifting.
And across the financial markets, a sea change is taking place. Investors are
abandoning the time-tested "stocks for the long run" optimism that
dominated since the late 1980s. Instead, there is a widening belief that the
mess left behind by the housing bubble and financial crisis will be a morass to
contend with for years. In a historic retreat, investors world-wide ...’
Don't Call It (Much of) A
Comeback at The Wall
Street Journal John Shipman ‘US stocks rebounded in
a vigorous rally that comes after the market’s worst week in almost three
years.It would be disingenuous to suggest these gains were fueled by any
real tangible progress on the European debt mess; multiple sharp spikes
higher during the day suggest a combination of short
covering, end-of-month portfolio window dressing and dead-dog bounce…’
End of Quarter Price Mark-Ups;
Dave’s Daily http://www.thestreet.com/story/11260606/1/end-of-quarter-price-mark-ups-daves-daily.html Dave Fry 9-27-11 ‘All you need do is view the last
week of June 2011, the previous quarter end, and you'll note a similar quarter
end jam-job. That week featured little bullish news to account for that market
rise. And, this week all we have is "hope" and some elegant press
releases which amount to nothing without specific action. Most of the so-called
"euro zone fix" seems "iffy" and not clearly articulated beyond
the "we must do something" mandate. Germans are particularly
obstinate over their share of the burden. They have a parliamentary vote on the
issue on Thursday. Chancellor Merkel's coalition may be falling apart. Greeks
don't like hardly any of the sacrifices they need to make and social unrest is
a given. I'll just repeat what was noted in yesterday's commentary:
"DeMark weekly 9 "buy to close short positions" littered the
European equity and U.S. bond landscape. With global equity correlations over
95% and these indicators being reliable, we saw immediate rallies. If bulls can
continue this rally throughout the week fees for portfolio managers will be less negatively affected. Sure it's
cynical to say but it's also illegal to do. Who's gonna stop 'em? …’ [ Isn’t
that the point! Nobody’s stopped them nor prosecuted them for their
nation-destroying frauds in the trillions; not the dirty handed and compromised
/ complicit SEC nor DOJ, nor wobama despite false promises to the contrary,
etc.. ]
Split opens over Greek
bail-out terms Sep 27th, 2011 15:37
News (Financial Times) — A split has opened
in the eurozone over the terms of Greece’s second €109bn bail-out with as many
as seven of the bloc’s 17 members arguing for private creditors to swallow a
bigger writedown on their Greek bond holdings, according to senior European
officials.The divisions have emerged amid mounting concerns that Athens’
funding needs are much bigger than estimated just two months ago. They threaten
to unpick a painfully negotiated deal reached with private sector bond holders
in July.…Because of the recent economic downturn and Greece’s slow
implementation of austerity measures, officials estimate Athens’ funding
needs over the next three years have grown beyond the €172bn forecast this
summer .[ source ]
PG View : Missed numbers out of Greece? Say it isn’t so. How far
beyond €172 bln are we talking here? Does any number they give have any
meaning? The funding needs when the last deal was cut back 0n 21-Jul where €109 bln , since then
Greece’s needs have exploded about 60%…or more! No sane investor would throw
more money into this sinkhole of unknowns.
SHILLER: House Prices Probably
Won’t Hit Bottom For Years Sep 27th, 2011 News
(BusinessInsider) — The July numbers for the most widely followed measure of
house prices, the S&P/Case-Shiller Index, were released this morning.The
numbers weren’t terrible–on a seasonally adjusted basis, July was basically the
same as June–but one of the creators of the index, Professor Robert Shiller of
Yale University, isn’t taking much solace in them.The economy has deteriorated
significantly since July, Professor Shiller observes, and he suspects that the
housing market has followed suit.[ source ]
Roubini: U.S. in Throes of
Economic Contraction Sep 27th, 2011 News (Bloomberg) —
Most advanced economies are lapsing back into recession while the U.S. is
already in the throes of an economic contraction, according to Nouriel Roubini,
co- founder and chairman of Roubini Global Economics LLC.“The way I see the
global economy, I think we’re entering into a recession again in most advanced
economies,” Roubini said in a panel discussion today at the Bloomberg
Dealmakers Summit in New York. “I think we’re already into one in the U.S.
based on the hard and soft data — same with most of the euro zone, same with
the United Kingdom.” [ source ]
Mark Hulbert , MarketWatch CHAPEL HILL, N.C.
(MarketWatch) [ Of course Mr. Hulbert is correct in pointing out the folly of
what’s causing the meltdown. Indeed, he might even borrow from the homespun wisdom
of the mama of that stellar investigatigative reporter, formerly of SNL fame,
Rosanne Rosanna Dana, who reminds us ‘ It’s always somethin’ ‘ . Indeed,
Rosanne; it is always somethin’… just not the somethin’ that the frauds on wall
street et als say it is. The fact is the markets are grossly over-valued
courtesy of a myriad of fraudulent tools; from computer-prgrammed
high-frequency trade churn-and-earn scams, to ever more worthless funny money,
to blatant misrepresentation / fudged numbers, etc.. Will you be left holding
their worthless bag of hot potatoes? Will you be their fool … again … in this
suckers’ market? ] — ‘Greece ate my
homework. Not only that, if you believe the financial headlines, Greece is responsible
for almost every financial ill that has beset the investment arena over the
last 18 months. I say it’s time the headline writers came up with a new story
to “explain” what’s happening to the stock market.
Consider last week, for example, when investors’ concern about a possible
Greek default supposedly caused the Dow Jones Industrial Average DJIA +1.33% to lose 738 points and the
combined market capitalizations of all publicly traded stocks in the U.S. to
lose $865 billion.
Blaming Greece makes even less sense when we focus on more than just the
last week. Since the stock market high this spring, for example, U.S. stocks
have lost approximately $2.5 trillion in market cap. Once again, the prime
suspect is concern over Europe’s debt situation.
Yet the $2.5 trillion loss is more than twice the total debt (from both
the government and the monetary authorities) of Greece, Spain and Portugal
combined — the three PIIGS countries considered to be most in danger of
default.
Why, then, do so many investment commentators persist in telling the story
that Europe’s debt situation is to blame? Because it’s a convenient and easy explanation
to fall back upon, especially in the face of a market that is otherwise acting
so inscrutably.
How many of us have the guts to say that we don’t really know why the
market went up or down? Rather than admitting that, we instead tell stories — akin
to Rudyard Kipling’s “Just So” stories, such as the one about how the leopard
got his spots.
Blaming Greece is only the latest example of this. My perennial favorite
is the oft-used explanation that the market went up (or down) on a given day
because there were more buyers than sellers (or more sellers than buyers). This
is just intellectual laziness, of course: During any trading session there are
always the same number of buyers and sellers.
Investors need to let Greece rest in peace. That country has enough
problems of its own without being asked to take responsibility for ours as
well.’
Bernanke
calls unemployment a ‘national crisis’ 28 Sep 2011 Fed chief Ben
Bernanke said Wednesday that the nation’s weak labor market was “a national
crisis” [ Duh! No-recession-wall-street-lovin’-helicopter ben’s … done it
again! … brilliant description of unfortunately what already is thanks in large
part to his wall (fraud) street largess / welfare in the form of QE’s, etc..] Unthinkable Poised to Happen
on Wall Street. See Disturbing Charts. (Moneynews) ‘The Aftershock Survival Summit is a gripping,
no-nonsense presentation that’s quickly becoming a financial beacon in an
economic tsunami.
It offers realistic, step-by-step solutions that the average hard-working
American can easily follow; millions have already heeded its warnings and are
rapidly sharing the Aftershock Survival Summit throughout the
Internet. To see it for yourself, simply click here . Aftershock Survival Summit public so they
could easily share it,” said Newsmax Financial Publisher Aaron DeHoog, “but
unfortunately, it kept getting pulled.” Aftershock Survival Summit are able to
claim a free copy of it.” Aftershock Survival Summit , Wiedemer
reveals what the publisher didn’t want you to see. Citing the unthinkable, he
provides disturbing evidence and financial charts forecasting 50% unemployment,
a 90% stock market collapse, and 100% annual inflation. See them for yourself. http://w3.newsmax.com/a/aftershockb/video.cfm?PROMO_CODE=CD97-1 … ‘
Aftershock
Survival Summit Predicts the Unthinkable Shocking Poll Results
Prepare for Lehman Brothers
Part 2 MoneyShow.com Sep 15, 2011
‘Three years ago, Lehman collapsed. Now, a new Lehman-like financial crisis is
coming -- this time involving the debt of governments and European banks.’
Arguments for Being in the Crash Camp
Conor Sen Sep 28, 2011
‘This has been the sixth-most volatilite September since 1950. The only years
more volatile? 2002, 2001, 1974, 1998, and 2008, years which included two major
stock market bottoms (1974 and 2002), 9/11, Long Term Capital Management , and the fall
of Lehman Brothers. Despite the crazy volatility, it is my contention that
nothing meaningful has really happened this month. As we know, the reason for
the volatility is primarily because of the ongoing sovereign debt crisis in
Europe. And as news events of today confirm, we remain no closer to resolution
here, even as stress indicators continue to deteriorate.
Schaeuble Says
'Will Not Spend Our Way' Out of Crisis
Schaeuble Says
'Immediate Fiscal Reforms Are of the Essence'
Schaeuble Says
Increasing EFSF Would Damage Some AAA Ratings
Schaeuble Says
Monetary Policy 'Not the Way' to Solve Euro Woes
Later in the day, as the Financial
Times
reported, problems were surfacing regarding Greece's latest
bailout package:
Germany remains
adamantly opposed to bailing out the periphery.
European and US
macro data continues to weaken.
Greek debt is
pricing in default, which, if it occurred, would be chaotic and unpredictable.
Austerity in
the periphery is not working.
European
sovereign yields continue to indicate worsening stress.
Over the past
month Italy's 2-year yield has risen from 3.36% to 4.26% and its 10-year yield
has risen from 5.07% to 5.60%.
Spain's 2-year
yield has risen from 3.27% to 3.36% and its 10-year yield has risen from 5.00%
to 5.05%
Germany's
2-year yield has fallen from 0.65% to 0.53% and its 10-year yield has fallen
from 2.16% to 1.96%.
Contagion fears
continue to increase.
The VIX has
risen over the past month from 35.59 to 37.71.
Bank of America
( BAC ) CDS has widened from 333bps to 382bps.
Goldman Sachs ( GS ) CDS has widened from 240bps to 265bps.
Nothing's fixed and we're no closer to a
fix. Bad news.
Short-Selling Bans Extended,
Stocks Fall Harder at The Wall Street Journal
Now's Not the Time to Take on
Equity Market Exposure at Minyanville Erik Swarts Sep 28, 2011 ‘This is obvious when you consider the respective pieces
that need to come together to resolve the sovereign debt crisis, and apply
technical analysis to the charts.
[video]Buying on Rumor -
Prepare For The Selling On News TheStreet.com TV
The Biggest Borrowers From
Uncle Ben Bernanke at Forbes ‘It comes as little surprise that
America’s biggest banks are among the heaviest borrowers from the Federal
Reserve’s unprecedented liquidity facilities during the financial crisis that
doled out more than $1.2 trillion. An analysis of thousands of documents by Bloomberg News shows just how
big the outlays to some of the world’s largest financial firms really were,
including the 20 that follow and saw their outstanding loans peak at more than
$25 billion… { Read Full Story http://www.forbes.com/sites/steveschaefer/2011/08/23/morgan-stanley-leads-biggest-borrowers-from-uncle-ben-bernanke } ‘
THE GREATEST SHOW ON EARTH September 29, 2011 http://www.etfdigest.com
http://albertpeia.com/circuswallstreet.jpg
Yes,
I’ve used this image before but it befits the past two months of frenetic
two-way trading. Thursday markets moved sharply higher early on news of better
Jobless Claims and GDP data plus the positive vote from the German parliament
regarding funding their portion of the euro zone’s EFSF (European Financial
Stability Facility).
Algos
jumped on the headlines which is what they’re programmed to do. They don’t look
under the hood for details since given their momentary focus, “facts don’t
matter”—not at least right away.
A
closer look inside Jobless Claims data is the consistent revisions for higher
previous claims. This makes current reports generally seem better by
comparison. Further, the BLS states with this report the significant impact of
“seasonal factors” skewing the report. The figures used to adjust the data
typically look for a drop in un-adjusted claims heading into the end of a
quarter. For last week however, the seasonal adjustment factors predicted
unadjusted claims would rise 0.4 percent per the Labor Department. Instead,
unadjusted applications followed the typical patterns at the end of quarters
and plunged 8.2 percent, leading to the even bigger drop in the adjusted data.
Below
is an analysis of the GDP report directly from the always reliable and
probative Consumer Metrics Institute .
The Bureau of Economic Analysis 's (BEA) third
estimate of second quarter 2011 U.S. Gross Domestic Product (GDP) was reported
to be 1.34%, an upward adjustment from their previous data. The new growth
number was .36% higher than the number reported last month for the same
quarter. It is important to remember that this new monthly report covered the
same time periods as the previous reports -- meaning that this monthly set of
changes in the numbers was caused by late arriving data at the BEA and not
actual month to month improvements in the economy. : per-capita GDP can be
shown to be contracting at a -1.45% annualized rate. Similarly, per-capita disposable
income was contracting at a -0.92% annualized rate. These per-capita numbers
are what impacts individual Americans and it is the real source of the
frustration within the populace.
Not
featured by the financial media beyond Bloomberg is Thursday’s report and graph
on their Consumer Comfort Survey which shows this index as back to 2008-09
levels. This is hardly encouraging.
http://albertpeia.com/comfort.jpg
Fed
Governor Lockhart finds current jobless conditions “perplexing and vexing”
according to this Bloomberg story. So if I
have my synonyms and meanings right he’s “embarrassed and pissed-off” which
kind of disqualifies him from such a position.
Meanwhile
back at Wall & Broad stocks as measured by the DJIA raced higher early by
260 points only to fall later by 45 points and then rally in “stick save”
fashion to close 143 points higher. This really is the “Greatest Show on
Earth”! The NASDAQ was lower by .43% led by semiconductor sectors (SMH)
especially after a poor outlook from Advanced Micro Devices (AMD), down nearly
14%. Also there is still some lingering confusion over iPads from Apple (AAPL)
versus Fire from Amazon (AMZN). Financials were higher which helped much of the
bigger names rally although the rationale was difficult to determine.
Commodities,
including precious and base metals, oil and grains were higher overall. The
dollar was down slightly and bonds were stronger.
Volume
was modest most of the day until the large “stick save” was put in place to end
the session. Breadth per the WSJ was positive once again as quarter-end window
dressing is in full swing.
http://albertpeia.com/929-1.jpg
Major U.S. Markets (5) U.S. Market Sectors & ETFs (20) Bonds (4) Commodity & Currency ETFs (16) International & Emerging Market ETFs (14) $NYMO (1) $NYSI (1) $VIX (1)
The
craziness continues for the clown act doing business as the Greatest Show on
Earth. It’s no wonder so many individual investors have fled markets. Between
phony data and window dressing it’s hard to stick with the long-term program.
Three bear markets in 11 years would be enough to turn anyone off. Now we’re
not in a bear market yet but we’re frightfully close.
Friday
brings the not so reliable U of Michigan Consumer Sentiment, Personal Income
and Spending and the important Chicago PMI. Friday also will allow for more
end-of-quarter window dressing.’
[video] Trader: I'd Sell Into
This Rally at TheStreet.com
CEOs have the Blues About
Business Prospects Wall St. Cheat Sheet
Housing Market Hasn’t Bottomed
… : Mort Zuckerman - Peter Gorenstein ‘…"And they don't want to buy
assets that are going down in price." That may be true, but there must be
millions of consumers who look back on their subprime mortgage with regret.’
NO COUNTRY FOR OLD MEN Dave’s Daily http://www.etfdigest.com September 30, 2011
‘It’s probably not a “market” for men or women of any age at this point.
Warren Buffett has put himself out there recently buying stock in Bank of
America (BAC) and then suggesting Friday it might take 3-5 years for the
company to clean things up. He also stated he’s received inquiries from
European banks for a financial injection which isn’t a good sign. He’s also
been highly visible averaging down buying shares in his own Berkshire Hathaway
(BRK/A) with $5 billion in purchases already this quarter. He says he likes the
president’s jobs bill although admitted to not knowing its details which is
poor due diligence. He’s also unsure of just what Obama’s “Buffett Rule” means
as it applies to incomes over $250K deflecting the level by talking about
people making $50M or more. All this struck me as interesting and odd … So for
stocks overall this is the worst performing quarter since 2008 when we were
entering a bear market. Are we due for a repeat or is this just a continuation
of the previous bear market? It gives us a sense of a 1930s like market which
featured substantial bear market rallies. For the quarter the DJIA was down
12%, S&P 500 down 14.3% and Nasdaq Composite down 12.9%. European stocks in
aggregate lost 17% …’
How to Navigate a News-Paralyzed
Market Simon Maierhofer,
September 30, 2011, ‘… Here's my psychoanalysis of the
market, which I believe is more accurate than my medical opinion. The market
has one goal, one reason for 'living.' It's to separate as many people as
possible from their money. He doesn't always win, but over the decades he's
found the most effective ways to separate most from as much money as possible.
He's got a tackle box full of baits and lures to bait and switch unassuming
investors. The market is smarter than the collective of all investors and
analysts because it knows at any given time what the collective 'Wall Street
wisdom' thinks and does. If the market sees Wall Street is bullish, it will go
down and vice versa. The market will not be told by the media what to do and
laughs at assessments like the following from the media (taken from this week):
AP on
Monday: 'Stocks jump on hopes for a Europe fix'
Reuters
on Tuesday: 'Stocks pop on Europe hope'
AP on
Wednesday: 'Stocks are closing lower, ending a three-day winning streak, as
investors worry about Europe.'
Bloomberg
on Thursday: 'Stocks advance on jobless claims' (since when does the market
care about jobs anymore. Wasn't there any Greece news?) …’
Apple in a Dangerous Position;
Bears Are Watching at Minyanville
90% of Americans say economy stinks
Protect your investments, what to
look for next week. Forbes ‘ Right now is
not the time to worry about knocking the ball out of the park. Let’s
focus on preserving your assets. Today was end of the quarter and it was
not pretty. For the quarter end we were down about -14.31% on the S&P
500. As for September, the S&P was down -7.21% , closing at
1131, down 5 points from were we closed Firday the 19th. The week was
extremely volatile; it has gotten to the point where Main Street does not feel
safe in a long term asset allocation strategy…’
Don't Let Taxes Stop You From
Selling Stocks at Forbes
Defensive Sectors Shine During
Meltdown As Kodak Fades To Black at Forbes …’
4 Market Signs Signaling
Recession
Cyclical Sector ETFs Say It's
the Economy, Stupid at The Wall Street Journal
Japan Puts Cheapest Ever as
Traders See Banking Losses at Bloomberg
US incomes fall for first time in nearly 2 years
Moody’s Lowers U.S. Lodging Industry Outlook as Economy
Slows
Yield Spread Confirming
Recession Call http://www.zerohedge.com/news/guest-post-yield-spread-confirming-recession-call StreetTalk Advisors
Yield Spread Confirming Recession Call
Recession. It is now becoming clearer, even
to the mainstream media, that the
"Big 'R'" is rapidly approaching, or already upon us.
Without further stimulus from the government the economy will continue its
slide into negative growth. Unfortunately, it doesn't look like the "Calvary" will be charging to the rescue
anytime soon. Bernanke, at this point has effectively punted to the
Whitehouse for stimulative action. The Whitehouse is embroiled in
partisan politics which will keep any action from occurring until most likely
after the next election. This leaves the economy and the financial
markets to their own devices, and much like kids without parental supervision,
they are running amok.
I have been very vocal as of late commenting on the fact
that a recession is fast approaching . The trends of the
economic numbers have all soured to the negative. From
manufacturing to personal incomes to sentiment they all are signaling a
recession lay ahead. Another confirming indicator of a recessionary
track is the spread in yields between junk bonds and high quality bonds.
The chart here shows two different yield spreads. The blue
represents the difference in yields between AAA rated corporate bonds to BB
rated bonds while the red represents the spread between 10-yr government
treasuries to BB rated bonds. The dotted horizontal lines represent
when these spreads have signaled recessions in the economy.
When the economy is strong the spread between BB (Junk
Bonds) and AAA Bonds or Government treasuries is much lower as the perceived
risk of default on payment is lower. In times of economic
stress or recession the perceived risk of default or failure is much
greater. Currently, spreads at these levels are very indicative of
economic stress and recessions. The perceived risk of corporate failure
is rising and spreads are widening as money leaves high risk bonds (driving
interest rates higher) and moves to safer yielding bonds (keeping rates
lower). The wider the spread the harder it is for weak companies to
access capital and corporate failures rise.
On Friday, Lakshman Achuthan of the Economic Cycle
Research Institute reviewed the weight of ECRI's research, observing "Now it's a done deal. We are going into a
recession."
The spread in yields combined with our own research as
well as that of the ECRI, which is a very conservative organization with calls
generally way ahead of the consensus as we have repeatedly been, confirms that
our views are most likely the correct one.
While the media tends to view the economy from one report
to the next what is important is to understand the trend and the balance of the
data on the whole. Understanding the trend and balance will make you very
unpopular with the rest of the world that consistently ops for the "glass half full" view but
will keep you from losing a lot of money in the long run.
John Hussman summed this view up well; "In contrast, good economists think about the
economy as a system - where multiple sectors interact. We tend to use words
like 'equilibrium' and 'syndrome' when we talk about economic data -
emphasizing that the best signals involve a whole conformation of evidence, not
one or two indicators, where the data - in combination - captures a particular
signature of recession or recovery.
Look at how Achuthan
described the situation on CNBC on Friday, and you'll see a good example of
this sort of thinking:
'This is a done deal. We
are going into a recession. We've been very objective about getting to this
point, but last week we announced to our clients that we're slipping into a
recession. This is the first time I'm saying it publicly. A broad range - this
is not based on any one indicator - this is based on dozens of indicators for
the United States - there is a contagion among those forward looking indicators
that we only see at the onset of a business cycle recession.. These leading
indicators, which are objective.. they have a certain pattern that they present
in front of a recession, and that is in, that is in right now.'
'A recession is a process,
and I think a lot of people don't understand that; they're looking for two
negative quarters of GDP. But it is a process where sales disappoint, so
production falls, employment falls, income falls, and then sales fall. That
vicious circle has started. You're looking at the forward drivers of that,
which are different indicators - there's not one - everything's imperfect. The
Weekly Leading Index .. that is saying unequivocally, this is recession. Long
Leading Index, which has a longer lead, is saying recession. Service sector
indicators, non-financial services where 5 out of 8 Americans work, plunging.
Manufacturing, going into contraction. Exports, collapsing. This is a deadly
combination, we are not going to escape this, and it is a new recession.'
For investors, if you believe
that current analyst estimates of forward operating earnings are correct, and
you believe that the inappropriate bubble-era benchmarks for price-to-forward
operating earnings are actually valid, and you've ignored all evidence that the
Fed Model is spectacularly devoid of validity, and you believe that the only
course for valuations is to move toward those misguided benchmarks regardless
of what happens to Europe or the U.S. economy, then it's easy to believe that
stocks will head higher.
For our part, we believe none of those things..."
We agree with John on this point. These are
points that we have written extensively on in the past .
In a low growth economic environment the persistent call for high growth rates
in stock prices is dumbfounding. History tells us that the corporate
earnings, and ultimately capital appreciation, cannot grow faster than the
economy for long. Corporate earnings, and ultimately the prices paid for
those earnings, are a reflection of the economy and not vice versa.
There is one final key point to all of this as it relates
to the yield spread. Investors face not only an oncoming recession
here but also a probable sovereign default and recession in Europe. The
compounding of these factors translates into heightened credit risk here in the
U.S. (as noted by credit spreads jumping higher recently) and
corporations do not borrow at the 10-year treasury rate. They borrow from
the bond market and the rising costs of borrowing due to rising credit risk
impacts corporate profitability. Expectations for earnings growth going
into 2012 is still extremely high with current estimates sitting at an all-time
record for the S&P 500 index next year. The reality of that
occurring is almost nil. In turn, this means that prices will have
to be adjusted for the reality of a recessionary economy which is why the
average decline of stocks during a recession is about 33%.
John
Hussman summed our current stance up very well: " Still, as always, we're data-driven, and there are
possible combinations of evidence (not in hand at the moment) that could move
us to a modestly or moderately constructive investment stance even in the
context of broader economic risks. My impression continues to be that the best
hope for a sustained advance (early on, probably only several weeks or a few
months in duration) is from substantially lower levels, but we'll take our
evidence as it comes. Suffice it to say that we remain defensive here, but are
quite willing to shift our investment stance if the evidence supports that."
Well said.’
Hold Your Enthusiasm ... This
Is Still A Bear Market Rally http://www.bullfax.com/?q=node-hold-your-enthusiasm-still-bear-market-rally , 10/06/2011 By StopAlerts We have had three nice rally days, and call volume instead of put volume
is dominant, but this is still a bear market rally, in our view. If you are
buying specific stocks for specific long-term reasons, that is one thing, but
if you are buying indexes it may be best to wait for more of a confirming price
movement …’
Is a Recession Coming Next
Year? – Zacks ‘ While the
current economic data is not indicating we are back in recession, I find myself
leaning more and more into the "recession in 2012" camp.’ [ This link
is provided for the plethora of data / charts but misses the bigger picture of
current data in the context of the fraudulent scam dollar debasement strategy
of the fed and the inflationary impact of same so cheered by the frauds on wall
street for the illusory effect of same. ]
[video] Caution Flag On The
Rally TheStreet.com Ken Polcari of ICAP Equity warns
investors to be careful with this rally, lows could be retested. 10/06/11
“The Prevailing
Debate Among Economists and Historians is Whether the World Economy Faces the
‘Great’ Depression of the 1930s or the ‘Long’ Depression of the 1870s” Washington’s
Blog | Economists Agree: We’re In a Depression. Fitch cuts Italy, Spain ratings; outlook negative Wall Street vs Reality: A
Hopeless Tug-of-War?
http://symmetrycapital.net/index.php/blog/2011/10/wall-street-vs-reality-a-hopeless-tug-of-war Are Wall Street strategists living in a
bubble? [ The short answer is, ‘YES’! The long answer is your work is quite
(closer to) correct (and worse when dollar debasement is factored in).] According to our work, credit
market, demographic, and leading economic indicators are all
pointing to a level of between 800 and 1,000 for the S&P 500 between now
and 2012-2013. http://www.stansberryresearch.com/pro/1108PSI9MOVD/PPSIMA06/PR
Wall Street vs Reality: A
Hopeless Tug-of-War?
http://symmetrycapital.net/index.php/blog/2011/10/wall-street-vs-reality-a-hopeless-tug-of-war Are Wall Street strategists living in a
bubble? [ The short answer is, ‘YES’! The long answer is your work is quite
(closer to) correct (and worse when dollar debasement is factored in).] According to our work, credit
market, demographic, and leading economic indicators are all
pointing to a level of between 800 and 1,000 for the S&P 500 between now
and 2012-2013…’
Paulson's Big Fund Down 47%;
Sept. Proves Dicey For Hedgies at Barrons.com
Bank of England
Ben Bernanke
Ben Bernanke
Central Banks
default
Double Dip
Gross Domestic Product
International Monetary Fund
Lehman
Lehman Brothers
Reality
recovery
‘Things are
getting truly desperate in Europe. I’d like to show just how bad they are by
way of example: the Belgian bank Dexia, which is now in the process of being
nationalized.
For starters,
Dexia had 566 billion euros in debt and 19 billion euros in equity as of the
end of 2010. R ight off the bat, that’s a leverage ratio of 29 to 1.
Lehman Brothers was leveraged at 30 to 1 when it collapsed.
Now consider
that Belgium’s entire GDP is just 348 billion euros. Dexia has 566
billion euros in assets . Of this 352 billion are loans. Put another
way, Dexia’s loan portfolio alone is larger than its home country’s entire economy .
AND THIS BANK
PASSED THE STRESS TESTS.
Suffice to say,
Europe’s banking system is in far FAR worse shape than anyone over there is
admitting. The stress tests were complete and total fiction. And the market is
starting to figure this out.
http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/09/sc-2_1.png
Small wonder
then that had both the IMF and the Bank of England have recently warned that
the world is facing a “financial meltdown” and “the worst financial crisis in
history.”
Ben Bernanke
issued his own statement of doom last week as well, stating that his precious
recovery is “close to faltering.” For a guy who’s spent TRILLIONS trying to
create a recovery to admit things aren’t working out ought to give you an idea
of just how bad things will be getting in the near future.
Indeed, stocks
were rejected last at a descending trendline from the July top.
We should have at least gotten a bounce to the 38.2%
retracement (1,200 on the S&P 500). So if the market fails to get there and
simply rolls over here, then we’re going DOWN in a big way FAST.
http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2011/09/sc-1_5.png
Here is the
reality of the financial system today:
§ The
European banking system is facing systemic collapse.
§ The US
economy has rolled over and is in a confirmed double dip in the context of a
larger DE-pression.
§ The
Central Banks and regulators have admitted we are peering into the abyss and
they have no clue what to do.
Yes, I
believe that before this mess ends, the financial system as a whole will have
collapsed. What's coming is going to make 2008 look like a joke.
If you have yet
to prepare yourself for what’s coming, now is the time to do so. Whether it’s
by moving to cash and bullion, opening some shorts, or simply getting out of
the markets altogether, now is the time to be preparing for what’s coming
(remember, stocks took six months to bottom after Lehman… and that was when the
Fed still had some bullets left to combat the collapse).
And if you’re
looking for specific ideas to profit from this mess, mr Surviving a Crisis Four Times Worse Than 2008 report can
show you how to turn the unfolding disaster into a time of gains and profits
for any investor.
Within its nine
pages I explain precisely how the Second Round of the Crisis will unfold, where
it will hit hardest, and the best means of profiting from it (the very
investments my clients used to make triple digit returns in 2008).
Best of all,
this report is 100% FREE. To pick up your copy today simply go to: http://www.gainspainscapital.com and click on
the OUR FREE REPORTS tab.
Good Investing!
Graham Summers
PS. We also
feature four other reports ALL devoted to helping you protect yourself, your
portfolio, and your loved ones from the Second Round of the Great Crisis.
Whether it’s my proprietary Crash Indicator which has caught every crash in the
last 25 years or the best most profitable strategy for individual investors
looking to profit from the upcoming US Debt Default, my reports covers it.’
FINANCIAL CRISIS
"ROUND
TWO" SURVIVAL GUIDE THIS BEAR MARKET IS NOWHERE NEAR OVER. Since its March
10 low of 666 in 2009, the S&P 500 rally has been almost unstoppable.
Pundits and media commentators alike have taken this to mean that the bear
market is over and that stocks should once again be the primary asset class for
investors. None of them knows what they’re talking about. Over the last 30
years, the US has built up record debts on a personal, state, and national level.
Consumers thought they were financially stable so long as they could cover the
interest payments on their credit cards, states created program after program
few if any of which they could afford, and the Federal Government issued $30-50
trillion in debt and liabilities (counting Social Security and Medicare). This
all came to a screeching halt when the housing bubble (arguably the biggest
debt bubble in history) imploded in 2007. Since that time, stocks have staged
one of their worst years on record (2008), one in five us mortgages has fallen
underwater (meaning the mortgage loan is worth more than the home itself), and
some trillions in US household wealth has evaporated. These issues seem to be
distinct, but in reality they all stem from a debt problem. And as you know,
there is only one legitimate way to deal with a debt problem: Pay it off.
However, instead of doing this, the Feds (the Federal Reserve, Treasury Dept,
etc.) have been producing EVEN MORE DEBT. Here’s a brief recap of their moves
thus far: • The Federal Reserve cuts interest rates from 5.25‐0.25% (Sept
’07 today) • The Bear Stearns deal/ Fed buys $30 billion in junk mortgages
(March ’08) • The Fed opens various lending windows to investment banks (March
’08) • The SEC proposes banning shortselling on financial stocks (July ’08) •
The Treasury buys Fannie/Freddie for $400 billion (Sept ’08) • The Fed takes
over AIG for $85 billion (Sept ’08) • The Fed doles out $25 billion for the
auto makers (Sept ’08) • The Feds’ $700 billion Troubled Assets Relief Program
(TARP) (Oct ’08)
• The Fed buys
commercial paper (nonbank debt) from nonfinancials (Oct ’08) • The Fed offers
$540 billion to backstop money market funds (Oct ’08) • The Feds backstops up
to $280 billion of Citigroup’s liabilities (Oct ’08). • Another $40 billion to
AIG (Nov ’08) • The Fed backstops up $140 billion of Bank of America’s
liabilities (Jan ’09) • Obama’s $787 Billion Stimulus (Jan ’09) • The Fed’s
$300 billion Quantitative Easing Program (Mar ’09) • The Fed buying $1.25
trillion in agency mortgage backed securities (Mar ’09 ’10) • The Fed buying
$200 billion in agency debt (Mar ’09’10) • Cash for Clunkers I & II
(JulyAugust ’09) And that’s a BRIEF recap (I’m sure I left something out). In a
nutshell, The Feds have tried to combat a debt problem by ISSUING MORE DEBT.
They’re pumping trillions of dollars into the financial system, trying to prop
Wall Street and the stock market. They’ve managed to kick off a rally in
stocks… But they HAVE NOT ADDRESSED THE FUNDAMENTAL ISSUES PLAGUING THE
FINANCIAL MARKET. Stocks are headed for another Crash, possibly as bad as the
one we saw in October November 2008. As you know, that Crash wiped out $11
trillion in household wealth in a matter of weeks. There’s no telling the
damage this Second Round will cause. The Feds have thrown everything they’ve
got (including the kitchen sink) at the financial crisis… and things are
fundamentally no better than they were before: most major banks are insolvent,
one in five US mortgages is underwater, and the stock market is being largely
propped up by in‐house trading from a few key players (Goldman Sachs,
UBS, etc). Make no mistake, we are rapidly headed for ugly times in the
financial markets. The time to prepare yourself is NOW! And I’ve located several
investments that will not only protect your portfolio… they’ll also help you
turn a profit when this “house of cards” we call a market rally comes crashing
down. I’ve detailed all of them in this report, The Financial Crisis
“Round Two” Survival
Guide.
Two Ways Stocks Pay:
Inflation and Dividends Before we get into the specific investment suggestions,
it’s important to take a big picture of stocks as an asset class. The common
consensus is that stocks return an average of 6% a year (at least going back to
1900).
However, a study by
the London Business School recently revealed that when you
remove dividends,
stocks’ gains drop to a mere 1.7% a year (even lower than
the return from
longterm
Treasury bonds over
the same period). Put another way, dividends account for 70% of the average US
stock returns since 1900. When you remove dividends, stocks actually offer LESS
reward and MORE risk than bonds. If you’d invested $1 in stocks in 1900, you’d
have made $582 with reinvested dividends adjusted for inflation vs. a mere $6
from price appreciation. So as much as the CNBC crowd (and out serial bubble
blowing Fed Chairman Ben Bernanke) would like to believe that the way to make
money in stocks is buying low and selling high, the reality is that the vast
majority of gains from stocks stem from dividends. The remaining gains have
come largely from inflation. Bill King, Chief Market Strategist M. Ramsey King
Securities recently published the following chart comparing REAL GDP (light blue),
GDP when you account for inflation (dark blue), and the Dow Jones’ performance
(black) over the last 30 years. What follows is a clear picture that since the
mid-70s MOST of the perceived stock gains have come from inflation.
Which brings us to
today. According to official data, the S&P 500 is currently trading at a
Price to Earnings (P/E) ratio of 20 and yields 1.7%. In plain terms, stocks are
expensive (historic average for P/E is 15) and paying little. In other words,
there is little incentive, other than future inflation expectations, for owning
stocks right now.
With this in mind,
now is the time to be pruning your “long” holdings. We’ve had a spectacular run
in stocks since the March 2009 low and the likelihood of this continuing much
longer is relatively slim. Running Out of Buyers By most historic metrics, the
market is showing signs of a significant top. Here are just a few key metrics:
1) Investor sentiment is back to super bullish autumn 2007 levels. 2) Insider
selling to buying ratios are back to autumn 2007 levels (insiders are selling
the farm). 3) Money market fund assets are at 2007 levels (indicating that
investors have gone “all in” with stocks). 4) Mutual fund cash levels are at a
historic low. This final point is key. Mutual funds are the “big boys” of the
investment world. If they have become fully invested in the market, this means
there are few buyers left to push stocks higher. This is evident in the fact
that every time mutual fund cash levels dropped, stocks collapsed soon after
(see chart below).
http://home.comcast.net/~RoyAshworth/Mutual_Fund_Cash_Levels/Mutual_Fund_Cash_Levels.htm
In plain terms, the
odds are high that a Top is forming in stocks. With that in mind, if your
portfolio is heavily invested in stocks, now is a time to be taking some
profits. If you can, consider moving a sizable chunk into cash. The market is
extremely tired and the systemic risks underlying the Financial Crisis are in
no way resolved. With investor complacency (as measured by the VIX) back to
pre‐Crash levels, the Fed withdrawing several of its more significant
market props, and low participation coming from the larger institutions, this
market is ripe for a serious correction. I’m not saying this will immediately
happen. But at some point there will be a new round to the Financial Crisis.
When that happens, we WILL have another Crash. Indeed, it is quite possible
that stocks are making a VERY significant top, so being heavily invested in
stocks going forward doesn’t make much sense. Take some money off the table. If
you need a place to put it, I suggest physical cash or Gold/ Silver bullion. If
You MUST Stay Long, Shift to Quality If you DO have to stay invested in stocks,
now is the time to be shifting out of junk into quality. The market rally from
March 2009 has largely been lead by junk companies (financials, retailers,
etc). Meanwhile, quality has lagged dramatically. As an example, let’s compare
the performance of Coke (KO) to Bank of America (BAC). KO is one of the best,
most profitable brands in the world. The competitive moat around this business
is extraordinary and it remains one of the most easily recognized franchises on
the planet. You can drink six glasses of Coke a day and still enjoy it the next
day. That quality is almost nowhere to be found in any other food/ beverage on
the planet: even chocolate would get old after six bars a day. BAC on the other
hand has swallowed Countrywide Financial AND Merrill Lynch’s garbage assets. It
is effectively insolvent based on its derivative exposure alone (the company
has derivatives equal to 3,000% of assets). BAC’s balance sheet is like an open
sewer and without serious government intervention the company would not even
exist right now. And yet, BAC’s stock has risen nearly 200% since the March ‘09
lows… while KO is up less than 50%.
This relationship
works to the downside as well. What I mean is that when stocks come unhinged,
Quality (Coke) then outperforms Garbage (Bank of America) hands down.
So, if you HAVE to
remain invested in stocks to the long side for whatever reason, now is the time
to be moving into high quality companies. This means finding companies with low
debt, lots of cash, strong results (KO actually GREW revenues in 2008), and
significant competitive advantages. Also, and this is critical, look for
companies with strong balance sheets: companies that will still EXIST if
there’s another Crisis. Depression or no, people will still drink soda,
alcohol, smoke cigarettes, and need medicine. I’ve compiled a list of companies
you should consider if you need to remain involved in stocks going forward:
Company Symbol Sector Price/ Cash
Flow
Dividend
Yield Coke KO Soft
Drinks 15 3.2%
Budweiser BUD
Alcohol 14 N/A J&J JNJ Medicine 10 3.02% WalMart WMT General Retail 8 2.16%
Exxon Mobil XOM Oil 11 2.51% You’ll note that most of these companies pay
decent dividends (compared to the S&P 500’s 1.7%). This is critical going
forward. With stocks overvalued, you want to make sure you’re at least getting
paid for remaining involved in the market. However, there is an added bonus to
owning Quality stocks right now. Because this market rally has largely been
dominated by Garbage stocks, Quality companies like Coke have not yet risen to
extreme valuations. Thus, you can still buy them at relatively cheap levels
(less than 15 times cash flow). So, in a sense, they are a good investment
based on pricing as well. I want to stress that these investments are only if
you HAVE to stay in stocks for some reason. If there is another collapse these
companies will fall like everything else. However, they will likely fall less
than the rest of the market (see the chart comparing Coke and the S&P 500
below).
source: Yahoo
Finance So while I do not expect these positions to make a lot of money now
(these are not short-term trades), they should shelter you from losing too much
money should another Crash hit. Indeed, if the market DOES collapse and these
companies fall 10- 15% across the board (while the market falls 30%+) I would
consider these investments even MORE attractive than they are today. Let me
explain. Volatility can either hurt you or be your friend. Most people would
sell a position if it fell 20-30%. This is wise if you’re investing based on
momentum. However, if
you’re investing
based on value, then doing this is completely antithetical to attaining high
returns. Consider Coke. Let’s say tomorrow Coke collapsed from $55 to $25 per
share. Most investors would panic and sell. I, on the other hand, would be
buying greedily. Why? Because Coke’s business has a fundamental value. Even
during a Financial Crisis and Depression, people will continue to drink soda.
So the opportunity to buy Coke at $25 a share (which would be 7-8 times cash
flow) would be truly an extraordinary opportunity. Indeed, from an income
perspective alone, the opportunity here would be fantastic. Consider that in
2009, Coke paid out $1.76 in dividends. With shares at $55, this means a dividend
yield of 3.2% (roughly three times what you’d get by leaving your money in a
savings account). However, if Coke shares fell to $25, that $1.76 suddenly
becomes a 7% yield
($1.75/ $25.00).
That’s a heck of a return from an income perspective. Even if
globally the world
entered a sharp Depression and Coke’s income fell by 30%,
pulling its payouts
down to $1.23, you’re still looking at a 5% yield. Indeed, companies like Coke
offer the potential of REAL value should their share prices drop. Their
fundamentals almost ALWAYS outperform investor sentiment. What I mean by this
is that should there be another Collapse, Coke’s share price will almost
certainly fall MORE from its current levels than Coke’s cash payouts or income
will from theirs. During 2008, Coke shares fell 30% or so. However, Coke
actually INCREASED its dividend that year. Anyone who bought Coke in October
2008, now collects a 4% yield on their shares (four times what he or she would
get from a bank account). This is why companies like Coke remain so strong
during times of Crisis. With the FDIC broke and most US banks insolvent,
investors desperately need a place to park cash that will still EXIST in a few
years. Companies like Coke are a reasonable alternative to a savings account in
the sense that you’re paid a higher yield for your deposit (now 3%, but 5% or
higher if Coke shares plunge). Of course, because Coke is a stock, you can lose
1015%
or more if shares
drop and you sell. In a Crisis, plain old cash will outperform just about
anything.
This is why I’ve
suggested moving money to cash, if you can. It’s also why I
suggested buying
Coke and the other companies listed above only IF you HAVE
to be in stocks
right now.
Catastrophe
Insurance: Trades For When the Collapse Hits
Now is also the time
to be taking out some “Catastrophe Insurance” by compiling a list of trades to
make once stocks begin to collapse. Let me be clear, these are not
trades that you’ll
make right now… these are trades you’ll make WHEN stocks
collapse.
Personally, I favor
UltraShort ETFs. If you’re unfamiliar with UltraShort ETFs, these are
invetsments that return 2X the inverse of a particular ETF. Let’s take an
example, the UltraShort Financials ETF (SKF). SKF returns 2X the inverse of the
Financials ETF (IYF). So if IYF falls 5%, SKF rises 10%. If IYF falls 10%, SKF
rises 20%. In this sense, SKF is a great “hedge” or means of playing Financial
stocks to the downside. However, there’s an added bonus to UltraShort ETFs like
SKF: these investments ALSO trade based on demand from the marketplace. So if
stocks collapse say 30%, you might actually see gains GREATER than 60% (2X the
inverse) due to investors piling in as they seek to profit from the collapse.
Consider SKF’s performance in 2008, for example. In 2008, financial stocks (as
measured by the Financials ETF: IYF), fell roughly 50%.
However, if you’d
bought SKF once the Crisis really took hold (late September), you could have
made MORE than 100% in two month’s time:
This is what makes
the UltraShort ETFs so handy when a Crisis hits: because they truly skyrocket
as investors stampede like elephants into safety. However, I MUST STRESS that
these are not investments to “buy and hold”.
Instead, these are
shortterm
trades you should
make ONLY once stocks have
begun to truly
collapse. Simply add them to your “on deck” trades to make
once the next Crisis
hits. You’re probably asking yourself, “ how can I distinguish between an
ordinary
correction and a
REAL Crisis?” Let’s see what history shows us. If you recall from 2008, stocks didn’t go
straight down. Instead they dropped, bounced, and then began the serious
collapse. Looking back at that time, the 50 DMA served as a useful metric for
gauging that a serious decline was about to begin:
As you can see
stocks rolled over and broke below their 50DMA in late 2007. After that, the
50DMA acted as strong resistance. Indeed, there was only one bounce above this
level, which lasted roughly a month and a half. The real trouble began in the
summer of 2008, and investors were given a decent warning when the S&P 500
collapsed and then bounced to test the 50‐DMA and failed to break it.
Similar warnings
appeared before the 1987 Crash:
The Tech Bubble:
And the 2008 Crash:
Thus, this tells us
that the 50DMA is a strong metric for gauging when real trouble hits stocks
again. On that note, the trigger you should be looking for in terms of
when the next Crash
will hit will be a decisive break BELOW the 50DMA
followed by a strong
bounce that FAILS to break above it again. With that in mind, here are some
trades to put “on deck” for when the next round of the Crisis hits. Trade #1:
Short the Russell 2000
The Russell 2000 is
perhaps the junkiest index in the US. Many of the companies that
comprise this index
don’t even MAKE money and most likely should have never been
taken public in the
first place. This is the “risk” index, the index of companies that are
garbage. For that
reason, the Russell 2000 will collapse most when stocks truly begin
rolling over.
The below chart
compares the Russell 2000’s performance against that of the Dow Jones
Industrial Average
during the 2008 Crash. As you can see, the Russell dropped
significantly more:
For this reason, I
suggest buying the UltraShort Russell 2000 ETF (TWM) when the
market begins its
next real collapse.
The UltraShort
Russell 2000 ETF (TWM) returns 2X the inverse of the Russell 2000.
So if the Russell
2000 falls 5%, TWM returns 10%. If the Russell 2000 falls 10%, TWM
returns 20%. It’s a
terrific means of playing the collapse in small cap stocks.
Again, wait for
stocks to enter a free fall before opening this trade.
Trade #2: Short
Financials
By now you know that
the current Crisis has centered on the financial sector, specifically
the banks. The Protect Your Savings
report
details the issues extensively. However, as
further proof, the
below chart shows that US banks are about to get slammed with another
round of mortgage
defaults from the residential housing sector (I’m not even going to
bother including the
commercial real estate market which is a multi-billion time bomb in
of itself).
Suffice to say,
Financials have a lot of issues coming their way in the future. For that
reason, when the
next Round of the Crisis hits, I suggest buying the UltraShort
Financials ETF
(SKF).
SKF returns 2X the
inverse of the Financials ETF (IYF). So if the IYF falls 5%, SKF
returns 10%. If the
IYF falls 10%, SKF returns 20%. It’s a terrific means of playing the
collapse in
financials stocks.
Again, wait for
stocks to enter a free fall before opening this trade.
Trade #3: Short the
Retail ETF
The US consumer
accounts for 70% of US GDP. Real unemployment is currently close to 17%. Food
Stamp usage is around a record 38 million. Tax receipts for 2010 so far are
LOWER than 2009’s levels (didn’t everyone think the entire world was ending
back then?). And yet, retail stocks are back to their 2007 highs:
As you can see,
retail stocks in general are up nearly 200% during the worst recession in
decades. It’s simply staggering. For that reason, I suggest Shorting the
Retail ETF (XRT)
when stocks start to collapse. XRT gives broad exposure to the retail sector.
Its top holdings are: Company % of Assets Casey General Stores 1.9% Gamestop
1.9% Jos A Bank Clothiers 1.8% Netflix 1.8% Tractor Supply 1.7% Annetaylor
Stores 1.7% Limited Brands 1.7% Childrens PI Retail Stores 1.7% Best Buy 1.6%
Abercrombie and Fitch 1.6% Shorting this ETF gives you the opportunity to short
retail across the board. However, if you’re more inclined to short specific
companies, I’d focus on apparel and clothing retailers like Gap (GPS), Limited
Brands (LTD), Nordstrom (JWN), and the like. As with the other trades, only
enter these shorts when the market begins to enter a free fall.
Trade #4: Short the
Emerging Markets Emerging markets have leaded the US on this latest rally: they
bottomed back in November 2008, while US stocks continued to plunge until March
2009. That’s not the only “leading” emerging markets have done. While the
S&P 500 is up some 60% from its March lows, China, Brazil and their kind
have all more than DOUBLED from the November 2008 lows.
This relationship
will reverse in the next Crisis.
During times of
Crisis, the “flight to safety” involves institutional investors dumping
their foreign shares
to load up on Treasuries or other perceived “safe havens.”
Consequently,
emerging markets are hit hardest when the markets collapse.
For that reason,
when the next collapse begins I suggest shorting emerging markets via
any number of
inverse Ultrashort ETFs. The most popular ones are:
1) The UltraShort
Emerging markets ETF (EEV)
2) The UltraShort
China ETF (FXP)
3) The UltraShort
Brazil ETF (BZQ)
All three of these
return 2X the inverse of an underlying index: the MSCI Emerging
Markets ETF, the
FTSE/ Xinhua 25 ETF, and the Brazil ETF, respectively. As such, they
represent a great
way to pocket major gains when the emerging markets collapse along
with the rest of the
financial world during the next Crisis.
As with the other
trades, only enter these shorts when the market begins to enter a free fall. here .
Good Investing!
Graham Summers
Chief Market
Strategist
Phoenix Capital
Research
Think Tank Says Bailout Fund
Will Need $6 Trillion And France Will Lose AAA Rating Daily Bail |
Where do they plan to get the money, Euro Claus?
We Are Still Early In This Bear Phase http://www.bullseyemicrocaps.com/?p=10478 Roger Nusbaum A reader left a question a couple of days ago asking my
opinion on how to determine a market bottom. My thought process here will
probably seem a little Hussmanesque . I tend to think of this in terms of probabilities and
whether or not the market gets the benefit of the doubt at a given moment. A
contributing factor here is duration. Earlier in the week I saw a stat about
bear markets lasting four hundred and something days and we were only 150 days
in (by some measure). The exact numbers cited don’t matter to me so much as the
general understanding that bear markets last well over a year on average and we
are only a few months in…’
Stocks Surge On New Promises From
European Leaders, Dow Adds 300 Points [ Come on! Wake up! Two desperate, failed politicians who haven’t
the slightest idea what they’re doing; certainly in the areas of finance and
economics. Indeed, they’ve borrowed from a page in the fraudulent wall street /
defacto bankrupt american book of failure and fraud in banging ‘square pegs in
round holes’ along with nation-draining fraudulent obfuscation with b***s***
alone that hearkens back to that ’Weimar dollar’ era that was precursor to and
inevitably led to the inflationary / no real value collapse now underway as is
already the scenario in america. How totally desperate and pathetic they are.
This is cheered by the wall street types / frauds to enable them to favorably cash out. Take your profits while you still
can, protect yourself while you still can, this fraud – induced collapse is
just beginning. New ‘promises’! Currency-debased high inflation rally! What a joke they’ve become! ]
Bulls Prevent Bear Market This
Week: Dave's Daily at TheStreet [Sorry Dave … this is
already a secular bear market with sporadic, contrived, HFT / programmed
contraindicated suckers’ bear market rallies that you yourself have previously
pointed out, alluded to. Who talked to you Dave, which by the way brought you
‘back into the fold’ at least at Yahoo, etc., with your atypically inaccurate
headline.] It didn’t take much Tuesday to get a short-squeeze
underway. Markets were at bear market levels then until a rumor, passing as a
news story from FT, got the bullish HFT algos going.
Steve Jobs and America’s decline — Greg Ip in the Economist The
impact of phony short-squeeze rallies — Ritholtz
Don’t
mock the 99% — Megan
McArdle
Did
LSD help make Steve Jobs more creative? — Slate
Alex
P. Keaton, an alternative history — Josh
Brown
Steve
Jobs and America’s decline — Greg Ip in the Economist Oct 6th 2011,
G.I. | WASHINGTON [ That Steve Jobs was great for having literally saved Apple
Computer from extinction, there is no question and I’ve previously eulogized
him accordingly, ‘pre-death’ (my first computer was an AppleIIc in 1986).
Related story: ‘Did LSD help make Steve Jobs more creative? — Slate ’ Yet, for every story as his, the Beatles (my
favorite band all-time, along with the Classical Greats), etc., I can relate a
multitude of stories of tragedy, disaster, including one of a quite brilliant
lad I worked with – summer job – who expounded on the benefits of LSD expanding
one’s mind {repeatedly recommending I try it – I didn’t- never did} was
accepted at Columbia Law School, and while hitchhiking while high in
mind-expansion-mode walked into a mack truck thereby expanding his mind (and
body) all over the roadway, etc..]
‘EARLIER this year a Federal Reserve official tried to tamp down worries
about inflation by noting that, while food and petrol were getting more
expensive, you could now buy an iPad that was twice as powerful for the same
price as the previous model. The remark, soon lampooned as “Let them eat
iPads”, predictably drew derision. But it typified a tactic to which American
leaders frequently turn when they need a rejoinder to economic doomsaying: cite
an Apple product.As bad as their politics has got, Americans could always
comfort themselves with the knowledge that their business leaders, entrepreneurs
and workers were the most dynamic and innovative in the world. But they may
look back on 2011 and see three events that undermine that story: the downgrade
of America’s credit rating; the last flight of the space shuttle; and Mr Jobs’s
death. The first, coming as it did on the heels of a debilitating and entirely
pointless fight over raising the debt ceiling, captures how American political
dysfunction has undermined the economy’s institutional pillars. The latter two
symbolised the waning of, respectively, American public and private
technological pre-eminence.
Of course, it would be foolish to count
out Apple, much less an entire economy, because of one man’s death. Yet even if
Apple remains as successful as it has been under Mr Jobs, that success long ago
decoupled from that of the broader economy. Written on the back of my iPod are
the words, “Designed by Apple in California, Assembled in China.” It was
classic Jobs: reframing an issue, the outsourcing of American manufacturing
jobs, as something inspirational rather than discouraging. The low-skill
assembly jobs and the middle-class lives they provided may be leaving for Asian
shores, but the brainy, wealth-creating parts of the process—the design, the
engineering, the marketing—were firmly rooted in Silicon Valley. Free traders
(including me) loved to cite the research that finds far more of the value in
an iPod is added in America than in China.
But behind this glowing story of synergy
between American brains and Chinese brawn lay a more disturbing reality.
American global economic leadership has, in the last decade, benefited an ever
narrower slice of its people. They have become fabulously wealthy, while the
vast majority of job growth has been in areas like education and health care,
where productivity and wages are stagnant, a trend well documented by Michael Spence . American
global business leadership used to be personified by the likes of General
Motors, Caterpillar, General Electric and Eastman Kodak. As they lost market
share to foreign competitors, shifted employment overseas or flirted with
bankruptcy, the focus turned to technology companies like Cisco Systems,
Microsoft and Hewlett Packard. Microsoft and Cisco are both fine, though in
recent years they have undergone layoffs and seen their market values shrink to
a fraction of their bubble-era peaks. Hewlett Packard, of course, is flailing
around for a new business model, and is seeking to exit the personal-computer
business altogether.
Americans' entrepreneurial self-esteem
is now embodied by Apple, Google, Facebook and Amazon. These are indeed
fabulously innovative companies with world-beating business models. Yet one
wonders if they are increasingly the exception, not the rule, and if the
passing of Mr Jobs is simply the most prominent example of a broader decline in
American entrepreneurship. According to JPMorgan, in the late 1990s, employment
at start-up companies regularly grew 1.2m per quarter. That has fallen to
700,000 since the current recovery began. John Haltiwanger , probably the
leading economist on employment dynamics by firm size, finds similar trends.
Entrepreneurship and innovation, of
course, are not the same thing. Yet even if American innovation is
fundamentally sound, there remains the more unsettling problem of how narrowly
its fruits are shared. If you want to know why the Senate is on the verge of
passing a bill punishing China for its trade practices, look no further than
this fact: Apple, Google, Facebook and Amazon collectively employ just 113,000
people, a third of GM’s payroll in 1980. Naturally, as Adam Smith pointed out
long ago, the sole purpose of production is consumption, so one should not
scoff at the benefits these companies create for Americans in their other role as
consumers rather than workers. And in truth, technological advancement has
probably done far more than trade to hollow out the middle class and widen
inequality. Slapping China with punitive tariffs is more likely to trigger a
trade war than restore millions of middle-class jobs.
But this is not a message that resonates
with voters, or Congress. Both suspect that globalisation has done far more to
benefit companies’ shareholders and their bankers than rank-and-file workers.
That is the conviction of the people now occupying Wall Street, even if they
lack coherent plans for dealing with it. And one can't blame them for
suspecting the administration’s motives when its ambassador to China delivers a
speech that so
prominently takes up the cause of American credit-card companies. Of course,
Visa and Mastercard are as deserving of government support in foreign markets
as any metal-bending company; but they only employ 12,600 people worldwide.
It would be unfair to lay this all at
the feet of American politicians: widening inequality and the decline of
middle-class manufacturing jobs is a global phenomenon that vexes governments
everywhere. Yet this does not excuse American governance for making matters
worse. There are lots of things it could do to improve the ability of and
incentives for American companies and workers to innovate and grow, whether
it’s taxing fossil fuels, giving more green cards to foreign scientists and
engineers or simplifying the tax code. These days, however, that seems a
fantasy compared to more prosaic demands such as, don’t shut down the
government, starve critical government agencies of funds or default on the
national debt. If America is going to hold on to its technological mojo, it
needs all the help it can get.’
>
9 things you didn’t know about the life of Steve Jobs ‘For all of his years in the
spotlight at the helm of Apple , Steve Jobs in
many ways remains an inscrutable figure — even in his death. Fiercely private,
Jobs concealed most specifics about his personal life, from his curious family
life to the details of his battle with pancreatic cancer — a disease that
ultimately claimed him on Wednesday , at the age of
56.
While
the CEO and co-founder of Apple steered most interviews away from the public
fascination with his private life, there's plenty we know about Jobs the
person, beyond the Mac and the iPhone. If anything, the obscure details of his
interior life paint a subtler, more nuanced portrait of how one of the finest
technology minds of our time grew into the dynamo that we remember him as today .
1. Early life and childhood
Later
in life, Jobs discovered the identities of his estranged parents. His birth
mother, Joanne Simpson, was a graduate student at the time and later a speech
pathologist; his biological father, Abdulfattah John Jandali , was a Syrian
Muslim who left the country at age 18 and reportedly now serves as the vice
president of a Reno, Nevada casino. While Jobs reconnected with Simpson in
later years, he and his biological father remained estranged .
2. College dropout
In his famous 2005 commencement speech to Stanford
University, Jobs said of his time at Reed: "It wasn't all romantic. I
didn't have a dorm room, so I slept on the floor in friends' rooms, I returned
coke bottles for the 5 cent deposits to buy food with, and I would walk the
seven miles across town every Sunday night to get one good meal a week at the
Hare Krishna temple."
3. Fibbed to his Apple co-founder about a job at Atari tapped by Atari to work on the
Pong -like game Breakout .
He was
reportedly offered $750 for his development work, with the possibility of an
extra $100 for each chip eliminated from the game's final design. Jobs
recruited Steve Wozniak (later one of Apple's other founders) to help him with
the challenge. Wozniak managed to whittle the prototype's design down so much
that Atari paid out a $5,000 bonus — but Jobs kept the bonus for himself, and
paid his unsuspecting friend only $375, according to Wozniak's own autobiography .
4. The wife he leaves behind
For
all of his single-minded dedication to the company he built from the ground up,
Jobs actually skipped a meeting to take
Laurene on their first date: "I was in the parking lot with the key in the
car, and I thought to myself, 'If this is my last night on earth, would I
rather spend it at a business meeting or with this woman?' I ran across the
parking lot, asked her if she'd have dinner with me. She said yes, we walked
into town and we've been together ever since."
In
1991, Jobs and Powell were married in the Ahwahnee Hotel at Yosemite National
Park, and the marriage was officiated by Kobin Chino, a Zen Buddhist monk.
5. His sister is a famous author Anywhere
But Here — a story about a mother and daughter that was later adapted into a film
starring Natalie Portman and Susan Sarandon.
After reuniting, Jobs and Simpson developed a close
relationship. Of his sister, he told a New York Times interviewer : "We're family. She's one of
my best friends in the world. I call her and talk to her every couple of
days.'' Anywhere But Here is dedicated
to "my brother Steve."
6. Celebrity romances The Second Coming of Steve Jobs , an
unauthorized biography, a friend from Reed reveals that Jobs had a brief fling
with folk singer Joan Baez. Baez confirmed the the two
were close "briefly," though her romantic connection with Bob Dylan
is much better known (Dylan was the Apple icon's favorite musician). The
biography also notes that Jobs went out with actress Diane Keaton briefly.
7. His first daughter denied paternity for some time,
going as far as stating that he was sterile in court documents. He went on to
father three more children with Laurene Powell. After later mending their
relationship, Jobs paid for his first daughter's education at Harvard. She
graduated in 2000 and now works as a magazine writer.
8. Alternative lifestyle
The
connection has enough weight that Albert Hofmann, the Swiss scientist who first
synthesized (and took) LSD, appealed to Jobs for funding for research about the
drug's therapeutic use.
In a book interview , Jobs called
his experience with the drug "one of the two or three most important
things I have done in my life." As Jobs himself has suggested, LSD may
have contributed to the "think different" approach that still puts
Apple's designs a head above the competition.
Jobs
will forever be a visionary, and his personal life also reflects the
forward-thinking, alternative approach that vaulted Apple to success. During a
trip to India, Jobs visited a well-known ashram and returned to the U.S. as
a Zen Buddhist .
Jobs
was also a pescetarian who didn't consume most animal products, and didn't eat
meat other than fish. A strong believer in Eastern medicine, he sought to treat
his own cancer through alternative approaches and
specialized diets before reluctantly seeking his first surgery for a cancerous
tumor in 2004.
9. His fortune world's most valuable brand , Jobs pulled
in a comically low annual salary of just $1. While the gesture isn't unheard of
in the corporate world — Google's Larry Page, Sergey Brin, and Eric
Schmidt all pocketed the same 100 penny salary annually — Jobs has kept his
salary at $1 since 1997, the year he became Apple's lead executive. Of his
salary, Jobs joked in 2007 : "I get
50 cents a year for showing up, and the other 50 cents is based on my
performance."
In
early 2011, Jobs owned 5.5 million shares of Apple. After his death, Apple
shares were valued at $377.64 — a roughly
43-fold growth in valuation over the last 10 years that shows no signs of
slowing down.
He may
only have taken in a single dollar per year, but Jobs leaves behind a vast
fortune. The largest chunk of that wealth is the roughly $7 billion from the
sale of Pixar to Disney in 2006 . In 2011, with
an estimated net worth of $8.3 billion, he was the 110th richest person in the
world, according to Forbes . If Jobs
hadn't sold his shares upon leaving Apple in 1985 (before returning to the
company in 1996), he would be the world's fifth richest individual.
While
there's no word yet on plans for his estate, Jobs leaves behind three children
from his marriage to Laurene Jobs (Reed, Erin, and Eve), as well as his first
daughter, Lisa Brennan-Jobs.’
-----
Did
LSD help make Steve Jobs more creative? — Slate { I’d say
‘causation’ (cause/effect) becomes problematic here; a ‘chicken and egg’ kind
of thing that in the realm of Kantian philosophy would be considered a
noumenon; quite possibly even misconstrued by Jobs himself in an overly humble,
somewhat self-effacing kind of way, ignoring his innate abilty, brilliance.
} [ That Steve Jobs was great for
having literally saved Apple Computer from extinction, there is no question and
I’ve previously eulogized him accordingly, ‘pre-death’ (my first computer was
an AppleIIc in 1986). Yet, for every story as his, the Beatles (my favorite
band all-time, along with the Classical Greats), etc., I can relate a multitude
of stories of tragedy, disaster, including one of a quite brilliant lad I
worked with – summer job – who expounded on the benefits of LSD expanding one’s
mind {repeatedly recommending I try it – I didn’t- never did} was accepted at
Columbia Law School, and while hitchhiking while high in mind-expansion-mode
walked into a mack truck thereby expanding his mind (and body) all over the
roadway, etc..]
Home ownership: Biggest drop since
Great Depression The percentage of Americans who owned
their homes has seen its biggest decline since the Great Depression, according
to the U.S. Census Bureau.
The
impact of phony short-squeeze rallies — Ritholtz http://www.ritholtz.com/blog/2011/10/the-mmpact-of-phoney-short-squeezes
Stock
investors may take days to distinguish real news from noise, according to
Federal Reserve Bank of New York.
http://www.ritholtz.com/blog/wp-content/uploads/2011/10/1007chart.jpg
This
is especially true these days, given false announcements of bailouts, Fed
interventions and rescues. They tend to cause fake short squeezes that
temporarily spike markets, only to see them ultimately head lower.
To get
a closer look of noise on markets, the FFRBNY studied how UAL’s stock moved in
September 2008. At the time, a “ six-year-old
report on the company’s bankruptcy filing appeared online and was treated as a
new story .”
David
Wilson of Bloomberg has the details:
“UAL, which later became United
Continental Holdings Inc., plunged as much as 76 percent on Sept. 8, 2008, in
response to the error. While UAL’s loss narrowed to 11 percent by the close of
trading, the shares fell the next two days before rebounding.
“Residual effects attributable to the
false news shock” lasted for seven trading days, the researchers wrote this
week in a blog posting on the New York Fed’s website. The effect is at odds
with the efficient-market hypothesis, which holds that share prices reflect all
publicly available data on a company.
To identify the time period, they
estimated where UAL’s shares would have traded if the outdated report hadn’t
surfaced. The projection was derived from the performance of the Standard &
Poor’s 500 Index, the Bloomberg World Airlines Index and crude oil during the
period. The posting by economists Carlos Carvalho, Nicholas Klagge and Emanuel
Moench was based on a report they published in May 2009 and revised in June.
Carvalho, who teaches economics at the Pontifical Catholic University of Rio de
Janeiro, worked at the New York Fed when the research was originally done. His
two co- authors are still there.
Given every twitch of the market over
tales of EU/ECB action, German banks bailing out Italy, or anything related to
Greece, it is interesting to see how traders behave relative to false
announcements.’
IMF to Propose New Short-Term
Credit Lines Oct 7th, 2011 News (The Wall
Street Journal) — The International Monetary Fund is crafting a proposal to
offer new short-term credit lines to governments to prevent the spread of
global financial crises, senior IMF and finance officials say.The program has
the tentative backing of key world financial leaders who are expected to
approve the new lending tool at the coming meetings of the Group of 20
industrialized and developing economies, according to three senior officials
from G-20 countries. [ source ] PG View : Yes!
Absolutely! More credit, more debt is the answer to the global debt crisis.
U.S. Bank Exposure to Europe
Could Be $640 Billion, Per Congressional Paper Oct 7th, 2011 News (The Wall
Street Journal) — U.S. bank exposure to the European debt crisis is estimated
at $640 billion, nearly 5% of total U.S. banking assets, according to recent
research papers written for Congress.While U.S. Treasury Secretary Timothy
Geithner says the U.S. banking sector’s vulnerability to the euro zone problems
is “very limited,” the Congressional Research Service estimate is one of the
first public assessments provided by the U.S. government that quantifies the
potential risks.According to two different reports provided to federal
lawmakers last month, the debt problems of Greece, Ireland, Portugal, Italy,
and Spain constitute a ”serious risk” to the European banking system,
particularly German, French, and U.K. banks, which have close ties to U.S.
banks. Markets believe there’s a very high likelihood Greece will default in
the coming weeks. That could cause a cascade of other crises throughout
Europe…The estimate doesn’t include U.S. bank exposure to European bank
portfolios that include assets in the weak member countries. Also, it doesn’t
account for euro-zone assets held by money market, pension, and insurance
funds.[ source ] PG View : Geither’s
sense of reality seems to have been distorted by all the absolutely huge
numbers bandied about in recent years. Does he really view $640 bln is “very
limited?” The Congressional Research Service goes on to say that, “depending on
the exposure of non-bank financial institutions and exposure through secondary
channels, U.S. exposure to Greece and other euro-zone countries could be
considerably higher.” What exactly does “considerably higher” mean? Is it twice
the $640 bln? More?
Fitch cuts Italy, Spain
ratings, outlook negative Oct 7th, 2011 News (Reuters) source ]
Is U.S. a Third-World Nation? Oct 7th, 2011 News (The Wall
Street Journal) — [ YES! ]Author Michael Lewis says the U.S. and many European
nations suffered a moral failure that led to economic collapse. PG View : Supposed
first world countries — including the US — hid risk, which was consequently
mispriced, leading to crisis.
World facing worst financial
crisis in history, Bank of England Governor says Oct 7th, 2011 News (The
Telegraph) — .. This is the most serious financial crisis we’ve seen, at
least since the 1930s, if not ever . We’re having to deal with very
unusual circumstances, but to act calmly to this and to do the right thing.” [ source ]
Banking Delusion Brings Crisis
to Europe’s Core Oct 7th, 2011 News
(Bloomberg-BusinessWeek) — Once upon a time, like this summer, Dexia SA, the French-Belgian
bank, was stable. By the measures global regulators deem important, its capital
ratio stood at 11.4 percent of risk-weighted assets, according to data compiled
by Bloomberg. That’s well above the 10 percent regulators plan to require of
the world’s largest banks under new international rules.What a difference a
summer makes. The Belgian and French governments now have a complicated mess on
their hands. Dexia, which had received a government bailout in 2008..[ source ]
‘Chinabot is in full fail mode, after a sticksave attempt to save the
currency following the Italian downgrade by Fitch was monkeyhammered with the
Spanish downgrade which was not only two notches, but sent the country's rating
to below that of S&P and Moodys. Adding fuel to the fire is an errant
comment from Merkel who has said that Eurobonds are " absolutely the
wrong way to go ", and lastly, a last minute notification from Fitch
which goes for Trifecta by saying that Portugal remains on outlook negative..
Market Snapshot: Dispersion
Rising As EU Financials Underperform Durden Precious Metals Price Action ..why are we
still rallying? ..
Well, a month end update only for those funds who still report their
P&L to HSBC. Others, such as Paulson, apparently deem it below them to post
an update when they are doing less than swell, shall we say. In other news,
redemptions will continue until morale improves.
From the mind that brought you the Great Vega Short comes the next
masterpiece on liquidity, volatility, contagion and everything else.
"Volatility is change and the world is changing. The truth is that Greece
will default. The truth is that if our leaders continue to deny our problems
history tells us the US will eventually default. These shocking events will
hurt many people, markets will collapse, life savings will be lost, there will
be violence, upheaval, and massive political change ..
Several years ago Paolo Pellegrini, Kyle
Bass, Michael Burry and several other visionaries were well ahead of the
conventional wisdom groupthink curve by not only sensing that the housing
market was massively overvalued and riding on the crest of a huge leverage
bubble .. the world is fretting about Europe, Morgan Stanley, lack of decisive
political decision-making in a pseudo union of 17 different countries, lack of
decisive monetary intervention, a Chinese hard landing and everything else that
makes front pages these days, slowly our prediction is starting to come true.
But you won't hear about it anywhere else, because if the market understands
that in addition to a global solvency crisis, America has another Subprime
contagion on its hands actually being
expressed in the markets as we type, and potentially costing banks,
pension funds and various asset managers billions in losses behind the scenes,
that may well be the last straw.
The headline wholesale inventories number missed +0.6% expectations,
rising only 0.4% (from 0.8% prior) with its lowest build since Nov 2010. Under
the covers though, non-durables were the most troublesome - unless of course
the spin is that a falling inventory implies future growth as inventories 'have'
to be rebuilt, right? Non-durables inventories dropped 0.6% - its biggest drop
since Sep 2009.
The rally has been strong across many products, but once again has all the
signs of a short squeeze rally. ..
As noted previously, one key fly in the ointment in an otherwise better
than expected jobs report (in which the participation rate also trended higher
for a welcome change) was the manufacturing jobs data, which declined by
13,000. Perhaps at the end of the day this is the most important data point,
since while declining government jobs at the end of the day is a good thing, government
workers don't actually create anything of value for the economy. And as the
chart below demonstrates, the long term trend is certainly not our friend. The
second "fly", and the one that will certainly be used as a talking
point by politicians, was the average unemployment duration. At 40.5 weeks, it
just hit a new all time record.
As usual, Reuters is the first with a
compilation of Wall Street's gut reaction to the NFP data.
So much for the recession? September NFP
prints at 103,000 on expectations of 60,000, with August revised to 57,000 from
that roulette busting double zero. The unemployment rate held at 9.1 percent,
as expected. From the report: " The increase in employment
partially reflected the return to payrolls of about 45,000 telecommunications
workers who had been on strike in August.. real
unemployment, U6, printed up from 16.2% to 16.5%, the highest since December 2010 .
The bank that was selling Dexia shares
to its clients all the way down ( Goldman Cuts Dexia From Buy To
Neutral On Imminent Restructuring And Winddown ) and which has
the uncanny ability to align its own trading desk with an event's
"outcome", at the expense of clients of course, has just done it again.
As of this morning it is actively selling Margin Stanley
calls to whoever is still left as a client. From a just released report:
"Buy calls for a likely relief rally on earnings; sell short-dated CDS as
fear falls." Now... just who are these clients buying calls from and
selling CDS to?’
6 Reasons a Global Recession is
Unavoidable Ron DeLegge, October 5, 2011, ‘ Most economists and Wall Street types are reluctant to
publicly admit the global economy is in a recession. Their reams of
conflicting data are sending mixed messages. But an honest look at key
events and the behavior of financial markets solidifies the view that the
global recession we're probably already in, is unavoidable. Let's analyze
some of the reasons behind this.
1) The Fed is out of tricks. When it comes to manipulating
financial markets in the name of economic security, nobody matches the Federal
Reserve's prowess. Over the past few years, the Fed has engaged in financial
gimmickry of such epic proportions that angry calls for ending its existence
have been voiced from sea to shining sea. The Fed's Treasury purchases (POMO) and
monetization of debt (quantitative easing), may have delayed the reckoning day,
but have these programs really solved America's long-term problems? The Fed's
latest shift from short-term to long-term debt (Operation Twist) is tantamount
to taking money from your right hand pocket and putting it into your shirt
pocket. The Fed is running out of time and out of tricks. Ben Bernanke has
finally admitted what the general public has known all along; the job situation
is a 'national crisis.'
2) Stock market says we're already in a recession. The National
Bureau of Economic Research (NBER) and its leading economists still deny the
U.S. economy is in a recession. Apparently, their slide rulers haven't yet
confirmed it, so they need a few more quarters before issuing a press release.
Meanwhile, the stock market, which is a leading indicator of economic activity,
is screaming 'recession.' Large company stocks within the S&P 500
(NYSEArca: SPY - News ) have fallen almost 18% since July.
Bulls argue this is still shy of the 20% threshold that confirms a bear market,
but even so, mid cap stocks (NYSEArca: MDY - News ) and small caps (NYSEArca: IWM - News ) have already entered bear territory.
Today's stock prices reflect expectations about future earnings, which in turn
are connected to the future state of the economy. Expectations are rightfully
low.
3) Greece has set the tone for Europe (and maybe the rest of the
world). How many financial targets will Greece continue to miss
before forecasters stop regurgitating its false numbers? When will Greece stop
embarrassing itself with financial projections it knows aren't true? Greece's
2011 deficit was projected to be 8.5% of its GDP but came in almost 1.69
billion above its original targets. Next year, Greece is aiming for a deficit
that's 6.8% of GDP. With the country engulfed in civil protests, job strikes
and general chaos - how realistic are its 2012 projections? Financial bets for
Greece to succeed are a long-shot. The country's economic projections are no
longer based upon realistic assumptions, but hopes for garnering more bailout
money and calming hostile markets. Ultimately, Greece is merely a reflection of
the entire EU region - a place where financial aspirations don't match reality.
4) Bear funds are leading performers. The two-year
period from March 2009 to March 2011 was a difficult existence for bear market
funds. After bottoming at decade lows, the stock market skyrocketed and bear
funds got clobbered. But not anymore. Bear funds are investments that, by
design, increase in value when the underlying benchmarks they track decline.
Now with the stock market swooning, bear funds are posting huge gains. Over the
past three months, Direxion's 3x daily leveraged bear ETFs for large cap stocks
(NYSEArca: BGZ - News ) is ahead by 42.97%, mid cap stocks
(NYSEArca: MWN - News ) is up 58.30% and small caps (NYSEArca:
TZA - News ) is up by 49.76%. Reversing this
ominous trend, especially when key technical levels have been pierced, won't be
easy.
5) Major asset classes are in correlation. During a bear
market, the correlation between asset classes typically jumps and this is
exactly the case right now. Over the past few months, commodities (NYSEArca: GCC - News ), global real estate stocks (NYSEArca: RWO - News ), precious metals (NYSEArca: GLTR - News ), international stocks (NYSEArca: EFA - News ), and U.S. stocks (NYSEArca: SCHB - News ) have all moved in the same general
direction by recording sizable losses. Even gold (NYSEArca: IAU - News ) and silver (NYSEArca: SLV - News ), which previously escaped the wrath of
losses, have joined the party. And only cash and bonds (NYSEArca: AGG - News ) are bucking the correlation
trend.
6) Pace of sovereign downgrades is accelerating. We don't
advocate putting implicit faith in credit ratings, because history has taught
us they are nothing more than financial opinions and frequently, not very
accurate ones. Still, a gander at the latest downgrading trend is troublesome.
Intuitive observers will note, this is not an isolated phenomenon, but a global
trend. Sovereign debt from Greece and Portugal, after several downgrades, is now
rated junk. Ireland has been downgraded and Italy was
just downgraded by Moody's to A2 with a negative outlook. Japan,
along with U.S. debt was lowered in August and another wave of more downgrades
is coming, so get used to it.
Conclusion
Investing
in an economically stifled climate requires patience, diligence, and
forethought. Following the herd mentality guarantees nothing more
than mediocrity and making kneejerk financial decisions is an excellent
way to lose money. ETFguide's Profit Strategy
ETF Newsletter continues to advocate a fiercely independent view of
world events, financial markets, and the proper allocation of
money. Ultimately, having an investment strategy that can perform during
any kind of market is a good start. ‘
Consumer Spending Slumps In
September, Index Shows at Forbes
U.S. stocks' massive
"melt-up" fans investor fears Reuters October 5, 2011, By Edward Krudy NEW YORK (Reuters) - In less than one
hour on Tuesday, the U.S. stock market surged by 4 percent -- for no apparent
reason.The last hour of trading was the most volatile final hour in two months
-- and it occurred at a speed that frightens many, from experienced hedge-fund
managers to mom-and-pop investors.The late-day "melt-up" that pushed
the S&P 500 index ( ^SPX - News ) out of bear-market territory might be
construed as good news. But it brings back echoes of the "flash
crash" that saw markets dive by several hundred points in a matter of
minutes, and it's a big reason many are staying away from the market."Everyone
is scared in both ways -- the shorts are scared, the longs are scared, everyone
is scared. The high-net-worth investor is very, very scared," said Stephen
Solaka, managing partner at Belmont Capital Group in Los Angeles, which manages
money for independent wealth advisers and family offices.Tuesday's move was the
latest example of an erratic, high-octane stock market increasingly driven by
levered exchange traded funds and complicated hedging and options strategies
that unwind with dizzying speed.It's a far cry from when the U.S. stock market
was viewed as a place for capital-raising by businesses seeking to expand and a
place for investors looking to put their savings to work."It tends to
result in some market participants feeling like the market is uninvestable. It's
not good for mutual funds or hedge funds," said Michael Marrale, head of
sales trading at RBC Capital Markets in New York.The ostensible reason for
Tuesday's move was an article published late in the day on the Financial Times
website quoting the EU's commissioner for economic affairs, Olli Rehn, saying a
plan was being worked out to recapitalize the region's troubled banking
sector.But Reuters reported similar comments earlier in the day, and Rehn's
comments struck some people as covering old ground. Ken Polcari, a veteran of
the NYSE floor at ICAP Equities, found the reasoning insufficient."There
is no clarity -- 'no formal decision' -- just more speculation, more rumors,
and more innuendo," he said of the FT article.
WHAT
WENT DOWN
Traders,
analysts and investors interviewed by Reuters cited a number of factors, many
of them technical, and linked to big positions around the 1100 level on the
S&P 500…
BLAST-OFF
AT 1,100
The
S&P climbed steadily between 3 p.m. and 3:30 p.m., but once it broke
through 1,100, the gains accelerated, as the average rose 1 percent in the span
between 3:39 p.m. and 3:45 p.m.
For
Joe Donohue, money manager at Dimension Trading in Red Bank, New Jersey, the
speed of the reversal was a classic sign of automated algorithmic trading.
"I
didn't know the move was for real until about 3:40 to 3:45, when my machine
just lit up green like a Christmas tree," he said. "That's when you
know there's algo buying dictating the market. It certainly wasn't individual
buyers."
Donohue's
response was to close out short positions and buy a triple-leveraged long
exchange traded fund that magnifies the performance of the Russell 2000
(Chicago Options: ^RUT - News ) three times.
The
Direxion Daily Small Cap Bull 3X Shares (Pacific: TNA - News ), which had its busiest day of trading
in history on Tuesday, rocketed nearly 20 percent into the close. That ETF,
along with the Proshares Ultrashort S&P 500 ETF (Pacific: SDS - News ), another leveraged ETF, are now often
among the top 25 traded issues on U.S. exchanges.
"Program
trading and algorithmic trading was the cause," said Donohue. "We're
seeing moves in a half hour that used to take weeks. Obviously we were very
oversold technically before, and essentially we had a 'melt-up' that was helped
by the algo trading that just went off buying."…’
Moody’s Cuts Italy’s Credit
Rating Wall St. Cheat Sheet
Who Will Recapitalize the
Recapitalizers? [ Gutenberg of
course! Well, just indirectly, historically speaking; the printing press, that
is. The ‘recapitalizer’, brought back to life in the pervasively corrupt,
defacto bankrupt america; bringing home once more that historic ‘Weimar
dollar’, ubiquitously now worldwide. Sounds like a plan! Straight from planning
/ design room for the u.s.s. Titanic! ] The Wall Street Journal Paul Vigna “Recapitalizing”
European banks (the preferred euphemism for bailout, apparently) in order
to stabilize them in the face of “haircuts” on sovereign debt (the
preferred euphemism for losses, obviously) through a facility like the
EFSF risks a spiral that will make the bailouts more difficult to
fund.Capital Economics economist John Higgins writes today that the bank
recapitalization plan that has the market so excited is “unlikely to draw a
line under the crisis.”A recapitalization would allow banks to withstand a
bigger haircut on Greek debt. The trouble is that once Greece gets a bigger
haircut, other sovereign borrowers will want one, too. That could get expensive
in a hurry.The EFSF bailout fund could fill help weaker countries carry some of
that burden, but that will get increasingly problematic.“The more the EFSF’s
funds are used to recapitalize banks, the less it will have to provide
official financing, or to intervene in the debt markets,” Mr. Higgins writes.
“And the more the EFSF is expected to deploy its firepower in whatever
capacity, the more investors will believe it will have to be leveraged,
with the result that its own cost of borrowing could keep on rising.”
David Stockman: Blame The Fed! Sep 30th, 2011
News (ChrisMartenson.com) — ‘David Stockman, former US
Representative and Director of the Office of Management and Budget under
Reagan, does not mince words. He sees the monetary systems of the world coming
apart.How did we get here? He identifies the root cause as the intentional
over-leveraging of world economies by central planners in a misguided effort to
enjoy growth without consequence…’
Gov't report: Fannie knew of
'robo-signing' in '03 - AP
After a Bad Q3, Markets Not Likely to
Recover in Q4 Daryl
Montgomery, October 3, 2011, ‘ The third
quarter of 2011 had the biggest drop and most volatility for stocks since 2009.
The fourth quarter may not be much better since the cause of the problem is a
new credit crisis and an emerging global recession. Both will continue to be a
drag on the market.
10:00 a.m. ET:
August factory orders are due. Economists think they
were little changed after a big gain in July. Then an asteroid hit the earth,
eventually causing the extinction of the dinosaurs…’
Train Reading: That Explains
Everything at The Wall Street Journal
China’s
worsening credit crunch — Pragmatic Capitalism
The
Occupy Wall Street protesters are winning — Josh
Brown
The
gap between economic data and sentiment — Abnormal
Returns
Recession,
restructuring and the ring fence — John Hussman
Marc Faber's October Outlook:
Forget EU Debt Crisis, A China Meltdown Is The Real Threat
http://www.bullfax.com/?q=node-marc-fabers-october-outlook-forget-eu-debt-crisis-china
10/03/2011 By Nathaniel Crawford ‘Marc
Faber is out with the latest issue of his famous Gloom, Boom and Doom Report,
which is always a must read for serious investors. Unlike most of the other talking
heads, Faber has an excellent track record. He correctly predicted the top in
the equity markets in Nov. 2007, and caught the bottom in March 2009, making
his subscribers a lot of money. Here is a summary of his October 2011
report:Stocks--Yes, stocks are very oversold, but that does not mean they
cannot go lower. The dreadful price action in both Copper and the Shanghai
Composite points to new lows for the equity markets. After US stocks make a new
low below 1100 on the S&P 500 ( SPY ),
there could be a year-end rally followed by a more meaningful decline into
2012. Investors should use any bounce in stocks as an opportunity to reduce
their equity exposure.’
WARNING: Corporate-Fascist
Military Coup Brewing in the United States? Tony Cartalucci | Beware of
pretenders supplied by the establishment to “save us” from collapsing system.
Prophets Of Doom: 12 Shocking
Quotes From Insiders The Economic Collapse Oct 1, 2011
‘We are getting so close to a financial collapse in Europe that you can almost
hear the debt bubbles popping. All across the western world, governments
and major banks are rapidly becoming insolvent. So far, the powers that
be are keeping all of the balls in the air by throwing around lots of bailout
money. But now the political will for more bailouts is drying up and the
number of troubled entities seems to grow by the day. Right now the
western world is facing a debt crisis that is absolutely unprecedented in world
history. Europe has had a tremendously difficult time just trying to keep
Greece afloat, and several much larger European countries are now on the verge
of a major financial crisis. In addition, there is a growing number of
very large financial institutions all over the western world that are also
rapidly approaching a day of reckoning. The global financial system is a
sea or red ink, and when we get to the point where there are hundreds of ships
going under how is it going to be possible to bail all of them out? The
quotes that you are about to read show that quite a few top financial and
political insiders know that things cannot hold together much longer and that a
horrific economic crisis is coming. We built the global financial system
on a foundation of debt, leverage and risk and now this house of cards that we
have created is about to come tumbling down.
A lot
of people in politics and in the financial world know what is about to
happen. Once in a while they will even be quite candid about it with the
media.
As I
have written about previously, Europe is on the verge of a financial collapse . If things go really badly,
things could totally fall apart in a few weeks. But more likely it will
be a few more months until the juggling act ends.
Right
now, the banking system in Europe is coming apart at the seams. Because
the global financial system is so interconnected today, when major European
banks start to fail it is going to have a cascading effect across the United
States and Asia as well.
The
financial crisis of 2008 plunged us into the deepest recession since the Great
Depression.
The
next financial crisis could potentially hit the world even harder.
The
following are 12 shocking quotes from insiders that are warning about the
horrific economic crisis that is almost here….
#1 George Soros : “Financial markets are driving
the world towards another Great Depression with incalculable political
consequences. The authorities, particularly in Europe, have lost control of the
situation.”
#2 PIMCO CEO Mohammed El-Erian : “These are all signs of an
institutional run on French banks. If it persists, the banks would have no
choice but to delever their balance sheets in a very drastic and disorderly
fashion. Retail depositors would get edgy and be tempted to follow trading and
institutional clients through the exit doors. Europe would thus be thrown into
a full-blown banking crisis that aggravates the sovereign debt trap, renders
certain another economic recession, and significantly worsens the outlook for
the global economy.”
#3 Attila Szalay-Berzeviczy , global head
of securities services at UniCredit SpA (Italy’s largest bank): “The only
remaining question is how many days the hopeless rearguard action of European
governments and the European Central Bank can keep up Greece’s spirits.”
#4 Stefan Homburg , the head of Germany’s Institute
for Public Finance: “The euro is nearing its ugly end. A collapse of monetary
union now appears unavoidable.”
#5 EU Parliament Member Nigel Farage : “I think the worst in the
financial system is yet to come, a possible cataclysm and if that happens the
gold price could go (higher) to a number that we simply cannot, at this moment,
even imagine.”
#6 Carl
Weinberg , the chief economist at High Frequency Economics: “At
this point, our base case is that Greece will default within weeks.”
#7 Goldman Sachs strategist Alan
Brazil : “Solving a debt problem with more debt has not solved
the underlying problem. In the US, Treasury debt growth financed the US
consumer but has not had enough of an impact on job growth. Can the US continue
to depreciate the world’s base currency?”
#8 International Labour Organization director general Juan Somavia recently stated that total
unemployment could “increase by some 20m to a total of 40m in G20 countries” by
the end of 2012.
#9 Deutsche Bank CEO Josef
Ackerman : “It is an open secret that numerous European banks
would not survive having to revalue sovereign debt held on the banking book at
market levels.”
#10 Alastair Newton, a strategist
for Nomura Securities in London : “We believe that we are just about to
enter a critical period for the eurozone and that the threat of some sort of
break-up between now and year-end is greater than it has been at any time since
the start of the crisis”
#11 Ann
Barnhardt , head of Barnhardt Capital Management, Inc.: “It’s over.
There is no coming back from this. The only thing that can happen is a total
and complete collapse of EVERYTHING we now know, and humanity starts from
scratch. And if you think that this collapse is going to play out without one hell
of a big hot war, you are sadly, sadly mistaken.”
#12 Lakshman Achuthan of ECRI: “When I call a
recession…that means that process is starting to feed on itself, which means
that you can yell and scream and you can write a big check, but it’s not going
to stop.”
*****
In my
opinion, the epicenter of the “next wave” of the financial collapse is going to
be in Europe. But that does not mean that the United States is going to
be okay. The reality is that the United States never recovered from the
last recession and there are already a lot of signs that we are
getting ready to enter another major recession. A major financial
collapse in Europe would just accelerate our plunge into a new economic crisis .
If you
want to read something that will really freak you out, you should check out
what Dr. Philippa Malmgren is saying. Dr. Philippa Malmgren is the
President and founder of Principalis Asset Management. She is also a
former member of the Bush economic team. You can find her bio right here .
Malmgren
is claiming that Germany is seriously considering bringing back the
Deutschmark. In fact, she claims that Germany is very busy printing new
currency up. In a list of things that we could see happen over the
next few months, she included the following….
“The Germans announce they are re-introducing the Deutschmark. They have
already ordered the new currency and asked that the printers hurry up.”
This is quite a claim for someone to be
making. You would think that someone that used to work in the White House
would not make such a claim unless it was based on something solid.
If Germany did decide to leave the euro,
you would see an implosion of the euro that would be truly historic.
But as I have written about previously,
it should not surprise anyone that the end
of the euro is being talked about because the euro simply does not
work.
The only way that the euro would have
had a chance of working is if all of the governments using the euro would have
kept debt levels very low.
Unfortunately, the financial systems of
the western world are designed to push governments into high levels of debt.
The truth is that the euro was doomed
from the very beginning.
Now we are approaching a day of
reckoning. We have been living in the greatest debt bubble in the history
of the world, but the bubble is ending. There are several ways that the
powers that be could handle this, but all of them will lead to greater financial instability .
In the end, we will see that the
debt-fueled prosperity that the western world has been enjoying for decades was
just an illusion.
Debt is a very cruel master. It
will almost always bring more pain and suffering than you anticipated.
It is easy to get into debt, but it can
be very difficult to get out of debt.
There is no way that the western world
can unwind this debt spiral easily.
The only way that another massive
economic crisis can be put off for even a little while would be for the powers
that be to “kick the can down the road” a little farther by creating even more
debt.
But in the end, you can never solve a
debt problem with more debt.
The next several years are going to be
an incredibly clear illustration of why debt is bad.
When the dominoes start to fall, we are
going to witness a financial avalanche which is going to destroy the finances
of millions of people.
You might want to try to get out of the
way while you still can.’
IMF: World economy enters
'dangerous new phase' Christopher S. Rugaber, AP Economics Writer,
On Tuesday September 20, 2011, WASHINGTON (AP) – ‘The world economy has entered a "dangerous new
phase," according to the chief economist of the International Monetary
Fund. As a result, the international lending organization has sharply
downgraded its economic outlook for the United States and Europe through the
end of next year. The
IMF expects the U.S. economy to grow just 1.5 percent this year and 1.8 percent
in 2012. That's down from its June forecast of 2.5 percent in 2011 and 2.7
percent next year.
To
achieve even that still-low level of growth, the U.S. economy would need to
expand at a much faster rate in the second half of the year than its 0.7
percent annual pace in the first six months.
Most
economists expect growth of between 1.5 percent and 2 percent in the final two
quarters. Though an improvement, it wouldn't be enough to lower the
unemployment rate. The rate has been 9 percent or higher in all but two months
since the recession officially ended more than two years ago.
"The
global economy has entered a dangerous new phase," said Olivier Blanchard,
the IMF's chief economist. "The recovery has weakened considerably. Strong
policies are needed to improve the outlook and reduce the risks."
The
IMF has also lowered its outlook for the 17 countries that use the euro. It
predicts 1.6 percent growth this year and 1.1 percent next year, down from its
June projections of 2 percent and 1.7 percent, respectively.
The
gloomier forecast for Europe is based on worries that euro nations won't be
able to contain their debt crisis and keep it from destabilizing the region.
"Markets
have clearly become more skeptical about the ability of many countries to
stabilize their public debt," Blanchard said. "Fear of the unknown is
high."
Overall,
the IMF predicts global growth of 4 percent for both years. Stronger growth in
China, India, Brazil and other developing countries should offset weaker output
in the United States and Europe.
Financial
turmoil and slow growth are feeding on each other in both the United States and
Europe, IMF officials say. Europe's debt crisis is causing banks to reduce
lending and hold onto cash. Sharp stock market drops in the United States over
the summer have hurt consumer and business confidence and will likely reduce
spending. That slows growth, which leads many investors to shift money out of
stocks and into safer investments, such as Treasury bonds.
In
Europe, slower growth will make it harder for stressed nations to get their
debt under control.
U.S.
and European policymakers must act more decisively to cut budget deficits, the
IMF said.
European
banks need to boost their capital buffers more quickly and beyond new minimum
levels set to come into force in 2019, the IMF said.
European
banks have seen their stocks slide sharply this summer on fears that their
exposure to the government debt of shaky countries like Greece could result in
big losses.
Having
extra capital would bolster confidence in the banking sector and shield
Europe's economy from the impact of jitters in financial markets.
The
U.S. economy faces longer-lasting problems that go beyond high gas prices and
disruptions caused by the Japan crisis, the IMF said.
Employers
are adding few jobs and giving out meager pay raises. Many homeowners owe more
on their mortgages than their homes are worth. Banks are keeping credit tight.
All
those trends are holding back consumer spending. Unemployment is likely to
average 9 percent next year, the IMF's report said, echoing a recent estimate
by the Obama administration.
President
Barack Obama's proposal to cut taxes and spend more on infrastructure should
provide much-needed short-term stimulus, the IMF said. But it needs to be
paired with a longer-term plan to reduce the deficit over, the report said. The
timing of the budget cuts is key, Blanchard said.
Budget
cuts "cannot be too fast or it will kill growth," Blanchard said in a
statement. "It cannot be too slow or it will kill credibility."
President
Obama on Monday proposed more than $3 trillion of tax increases and spending
cuts over 10 years. His proposal will be considered by a congressional panel
charged with finding $1.5 trillion in deficit reduction this year.
Both
Obama's jobs proposal and the tax increases face stiff opposition from
Republicans. They oppose any tax increases and have strongly criticized the
president's plans.
The
187-member nation fund conducts economic analysis and lends money to countries
in financial distress. It will hold its annual meetings with the World Bank
later this week in Washington.
Associated
Press Writer Gabriele Steinhauser contributed to this report from Brussels.’
Low Interest Rates:
Perma-Expectations No More at Minyanville
Wall St. Cheat Sheet: Italy
Gets Axed, Netflix in Free Fall, Housing Starts Drop Wall St Cheat Sheet September 20, 2011, ‘ The Dow Jones
Industrial Average and U.S. stocks are in the green after Wall Street
suddenly got more confident Greece will get aid and Ben Bernanke will be forced
to add more welfare, I mean stimulus, to the economy.Standard & Poor’s
cut Italy’s credit rating late Monday by one level to A from A+, citing weak economic growth
and criticizing Rome’s response to the debt crisis. Italian Prime Minister
Silvio Berlusconi responded, saying that the move was influenced by “political
considerations” and media stories rather than economic reality. While more
building permits in the U.S. were authorized in August than in
July, housing starts and completions
both declined last month .
A Fed IOER Cut Could Backfire
on Banks, Warns Pimco at The Wall Street Journal
Low Interest Rates:
Perma-Expectations No More at Minyanville Howard Simons
Sep 20, 2011 ‘Regarding interest rates, one major difference between the US and
Japan is that their perma-expectations started to disappear in a rising
short-term rate environment; US rates have yet to rise. All of the recent news
surrounding Steve Jobs’ departure from Apple prompted me to remark, “He has a
strange opportunity to read his own obituary.” For the most part, he would have
to be pleased at all of the genuine praise heaped on him. interest rates near zero
through 2013 (see Is
FOMC's Pledge to Keep Short-Term Interest Rates Low Until 2013 Believable? ). Is This
the End of the Money-Printing Era? ) on the relationship between the
forward rates between six and nine months and the actual three-month rate as it
arrives six months later. If the gap between expectation and reality is high,
it means the market has been fooled again in its expectations that low
short-term interest rates must be headed in one direction, higher. The opposite
has been observed in practice, too; markets can incorrectly price in
expectations for low short-term rates and get whacked upside the head by
reality. interest rate policies
(ZIRP) in December 2008. This is the same thing as saying forward rates are in
the process of declining to levels that will be matched by actual three-month
rates six months from now. If you are keeping track of these months by counting
on your fingers, we see you. http://image.minyanville.com/assets/FCK_Jan2011/Image/JimE/Simongraph1.jpg data . Let’s go down to daily data for
the period following the end of QE1. Two dates are marked, one when the debt
ceiling debate in July was taking the ominous course toward default and one
just after the August FOMC meeting. Both developments put the market on course
toward accepting that low rates were going to be here for awhile; the
intractable federal debt can be serviced only at low levels without doing
something really, really stupid like cutting out-of-control spending. http://image.minyanville.com/assets/FCK_Jan2011/Image/JimE/Simongraph2.jpg trades to start
unwinding around the world. Once low interest rates become embedded in an
economy, they are very hard to increase without stress.
Is This
the End of the Money-Printing Era?
Howard Simons Dec 01, 2010 ‘If monetary stimulus ends and we start
recognizing losses rather than trying to roll them forward, we can lay the
foundation for a new era of prosperity. [Note the date and hence Simons’
wisdom! Yet, the postponement / delay has substantially impaired that
‘prosperity part’ going forward.]
‘Of all the negative human emotions, the
feeling you have been had is one of the worst. We all have heard the adage,
“Fool me once, shame on you; fool me twice, shame on me,” and if I had a nickel
for every time I have heard “Won’t Get Fooled Again,” both former President Bush and I would
have a lot of nickels. interest rates unexpectedly
low by the end of July. This is after I wrote, Short-Term
Interest Rates No Longer Unexpectedly Low in May. 6,9 ); that is, the
rate at which we can lock in borrowing for three months starting six months
from now, we have the market’s hedgeable measure of where rates will be. I
cannot emphasize strongly enough that this is not an interest rate forecast, but
a rate at which two parties can do business and presumably both make a profit
given this locked-in rate. This can be compared to what the actual three-month
rate was six months later. http://image.minyanville.com/assets/FCK_May2009/Image/LisaCatch%20September2010/plainsight.jpg trade well below the market’s
expectations from six months ago. Let’s shorten the time frame and move to a
daily frequency. http://image.minyanville.com/assets/FCK_May2009/Image/LisaCatch%20September2010/plainsight2.jpg market’s
demand for lower short-term interest rates and the August 27,
2010 date of Ben Bernanke’s Jackson Hole speech promising new asset highs if he could drive money to
new lows. The Bridge on the River Kwai wondering,
“What have I done?” kumbaya in their
various languages and have each of the 16 members of the euro rescued in turn
-- we have to wonder if we are at last at the end of the line for monetary
stimulus. Methinks we are.
IMF Cuts Global Growth
Outlook, Warns About U.S. Deficits, Euro Banks at Forbes ‘The International Monetary Fund dialed back
its outlook for the global economy Tuesday, and now projects worldwide growth of 4% in 2011
and 2012, down from 5% in 2010.
Some
slowdown was anticipated, but the IMF expected it to come from an unwind of the
unprecedented stimulus efforts launched to counteract the financial crisis over
the last three years. Instead, “a barrage of economic shocks in 2011
combined with other factors for a worse than anticipated outcome.”
Chief
economist Olivier Blanchard warned that “strong policies are urgently needed to
improve the outlook and to reduce the risks,” and the IMF said the economy is
in “a dangerous new phase” marked by weaker activity and a sharp decline in
confidence.
Gallery: The IMF’s 2012 Growth
Forecast
Tuesday’s
report comes as the Federal Reserve begins a two-day meeting at which Chairman
Ben Bernanke is likely to meet resistance if he pushes for further intervention
along the lines of additional Treasury purchases, following an August meeting
that saw three dissents from the central bank’s decision to target a 0%
benchmark interest rate until mid-2013.
Meanwhile,
European leaders are still trying to find a solution that will keep Greece from
defaulting and keeping the debt crisis outside of core Europe. (See “Europe Needs A TARP.” )
One
could be forgiven if it seems like pundits and policymakers are talking out of
both sides of their mouth, urging further aid for scuffling economies while at
the same time preaching that countries need to get religion on long-term debts.
Gallery: The IMF’s 2012 Growth
Forecast
The
IMF offered its view on the forceful actions that policymakers in developed
economies should undertake:
• In the euro area , banks must be
made stronger, not only to avoid deleveraging and maintain growth, but also,
and more importantly, to reduce risks of vicious feedback loops between low
growth, weak sovereigns, and weak banks. This requires additional capital
buffers, from either private or public sources.
• The top priorities in the United States include
devising a medium-term fiscal consolidation plan to put public debt on a
sustainable path and to implement policies to sustain the recovery, including
by easing the adjustment in the housing and labor markets. The new American
Jobs Act would provide needed short-term support to the economy, but it must be
flanked with a strong medium-term fiscal plan that raises revenues and contains
the growth of entitlement spending.
• In Japan , the
government should pursue more ambitious measures to deal with the very high
level of public debt while attending to the immediate need for reconstruction
and development in the areas hit by the earthquake and tsunami.
The updated forecast anticipates U.S.
growth of just 1.5% in 2011 and 1.8% in 2012, with euro area growth of 1.6%
this year falling to 1.1% next year. Emerging and developing economies will
also grow slower than previously anticipated, but remain the workhorses of
global growth, the IMF anticipates. China is expected to grow at a better than
9% clip this year and next, while Brazil is expected to maintain annual growth
better than 3.5%.
Gallery: The IMF’s 2012 Growth
Forecast
Financial stocks, a major drag on the
market seemingly every time there is a negative headline out of Europe, sank as
the broader market pulled back. Bank of
America , JPMorgan
Chase and Morgan
Stanley surrendered earlier gains, while Wells
Fargo and American
Express held onto gains better than 1.75%.
http://blogs-images.forbes.com/steveschaefer/files/2011/09/IMF-Growth-Outlook.jpg ‘
Morning Snapshot
Sep 20th, 2011 08:32 by News (USAGOLD) —
‘..The IMF slashed both global and US growth expectations this morning: The IMF
now believes the global economy will grow just 4% this year and next, a
negative revision from their June estimates of 4.3% for 2011 and 4.5% next
year. IMF cut its US growth forecasts to 1.5% for this year, versus 2.5%
previously and 1.8% for 2012, versus 2.7% previously. The IMF’s confirmation of
growth risks intensifies expectations that the Fed will be forced to offer
additional accommodations when the 2-day FOMC meeting concludes tomorrow.
• US
housing starts -5.0% to 571k pace in Aug, well below market expectations of
593k, vs negative revised 601k in Jul.
Eurozone debt crisis threatens
banks, rest of world: IMF Economic Times | The
eurozone’s debt mountain poses a threat to the world economy.
America’s debt woe is worse
than Greece’s Sep 21st, 2011 News (CNN) — Our government is utterly
broke. There are signs everywhere one looks. Social Security can no longer
afford to send us our annual benefit statements. The House can no longer afford
its congressional pages. The Pentagon can no longer afford the pension and
health care benefits of retired service members. NASA is no longer planning a
manned mission to Mars. We’re broke for a reason. We’ve spent six decades
accumulating a huge official debt (U.S. Treasury bills and bonds) and vastly
larger unofficial debts to pay for Social Security, Medicare, and Medicaid
benefits to today’s and tomorrow’s 100 million-plus retirees. The government’s
total indebtedness — its fiscal gap — now stands at $211 trillion , by my arithmetic. [ source ]
$16 muffins, $8 coffee served in Justice audit
Holders of Sovereign Debt Sep 21st, 2011
News by Global Macro Monitor (CreditWritedowns.com) — Here’s
a great chart just released by the International Monetary Fund. Note that
almost half — 47 percent – of the US$14.7 trillion U.S. federal government debt
is held by the Federal Reserve and the government itself, such as the Social
Security trust fund. Add to that the 22 percent foreign official holdings
(mainly central banks) and almost 70 percent of the debt of the U.S. government
is held by non-market/non-profit oriented investors. Stunning! [ source ] http://www.albertpeia.com/holders-of-sovereign-debt.jpg PG View : I would argue that “non-market/non-profit oriented
investors” own the vast majority of government debt, because the risk/reward
ratios have been so grossly distorted by government and central bank
interventions that real investors have no interest is such assets. And it sure
looks like official efforts to continue mispricing risk are going to continue.
PIIGS Lifeline Rallies Stocks -- For Now Quentin Fottrell { Greecy italy,
‘shitty italy’, says Bersusconi! How ‘bout a new name … ‘ShItaly’ [ just first
page of google search ‘berlusconi, shitty italy’ About 231,000 results (0.15 seconds) ]: Berlusconi vows to leave ' shitty ' Italy in conversation recorded by ... www.guardian.co.uk/world/2011/.../berlusconi-vows-leave-shitty-italy...
U.S. Household Worth Declines
by $149 Billion Sep 16th, 2011 14:32 by News (Bloomberg) —
‘ Household wealth in the U.S. dropped in the second quarter for the first time
in a year, hurt by falling share prices and declining home values.Net worth for
households and non-profit groups decreased by $149 billion, a 1 percent drop at
an annual pace, to $58.5 trillion, the Federal Reserve said today in its flow
of funds report from Washington. It rose at a 7.4 percent rate in the previous
three months. Housing wealth decreased for a fourth consecutive quarter from
April to June. [ source ]
US taxpayers could be on hook
for Europe bailout Sep 16th, 2011 13:01 by News (MSNBC) — The U.S.
is coming to Europe’s financial rescue.So far, America’s role is fairly
limited. But if the crisis continues to grow and the U.S. takes on a wider
role, U.S. consumers and taxpayers could feel a bigger impact. The biggest
exposure could come from America’s status as the single largest source of money
for the International Monetary Fund.The latest round of American financial
assistance came Thursday with a promise by the Federal Reserve to swap as many
dollars for euros as European bankers need. In the short run, those
transactions won’t have much impact because the central banks are simply
swapping currencies of equal value. If the move helps avert a wider crisis, it
could help spare the global economy from another recession.But over the long
term, consumers could feel the impact of central bankers flooding the financial
system with cash, according to John Ryding, chief economist at RDQ Economics.[ source ] A Band-Aid for a cancer
patient Sep 16th, 2011 12:48 by News (papermoneycollapse.com)
— This was another hectic week for financial markets, and nerves were calmed
somewhat over the past 24 hours with another liquidity injection from the
central banks – this time the provision of dollars from the U.S. Fed channelled
through a few other central banks, most importantly the ECB. This is certainly
not a solution but again the doctoring of symptoms. Pumping ever more fiat
money into the system to avoid – or rather postpone – a much needed
recalibration will not solve the underlying malaise. Four years into the crisis
the banks still need emergency funding. That is a damning indictment that
financial structures are far from sustainable.…A default of Greece now appears
very likely. This is a positive development. Positive as it points toward
shrinkage – toward smaller debt, toward a smaller Greek state, toward an
important lesson for banks: Don’t think that lending to the state is without
risk!…The biggest risk to the euro is not a Greek default but the markets
waking up to the bleak long-term outlook for the solvency of the core, Germany
and France.…Thus, we will get some liquidation (Greek debt) but also some
re-liquefying (big banks). It will not be the end of the euro – but not the end
of the financial crisis either.[ source ]
PG View : I concur with this assessment. The contingency plan to
protect the German banks is presumably in place. Liquidity lines have been
established. Payment of the next bailout tranche for Greece has been
forestalled until October. Seems like Greece is about to get pitched under the
bus…
Consumer Hope for Future Hits
Lowest Level Since 1980 Sep 16th, 2011 10:52 by News (CNBC). [ source ]
China to ‘liquidate’ US
Treasuries, not dollars Sep 16th, 2011 10:21 by News By Ambrose
Evans-Pritchard (The Telegraph) — The debt markets have been warned.A key rate
setter-for China’s central bank let slip – or was it a slip? – that Beijing aims to
run down its portfolio of US debt as soon as safely possible .“The
incremental parts of our of our foreign reserve holdings should be
invested in physical assets ,” said Li Daokui at the World Economic
Forum in the very rainy city of Dalian – former Port Arthur from Russian
colonial days.“We would like to buy stakes in Boeing, Intel, and Apple, and
maybe we should invest in these types of companies in a proactive way.”“ Once the US
Treasury market stabilizes we can liquidate more of our holdings of Treasuries ,” he said.[ source ]
PG View : Out of US Treasuries and into more “physical assets.”
Physical assets like gold perhaps?
Europe Ministers Rule Out
Stimulus, Offer No Bank Aid Sep 16th, 2011 09:49 by News (Bloomberg) —
..
PG View : Basically, another meeting with no substantive moves to
alter the course that Europe is on. There will be no fiscal stimulus. We’re
going to defer any decision on Greece until next month, when the country will
be once again on the precipice of default.
The Fed’s shadow TARP News by Sen. Jim
DeMint August 31 (Politico) — ‘In the run-up to the financial crisis, the
Federal Reserve fueled the housing bubble with its easy money policy. Now, we
know that after the crisis struck, the Fed secretly propped up elite bankers
all the way from Wall Street to Brussels to the Central Bank of Libya.A
Bloomberg news investigation found that while the Treasury Department was
pumping $700 billion into banks under the Troubled Asset Relief Program, the Fed
was covertly operating its own bailout program – the biggest in American
history. The Fed’s Shadow TARP issued $1.2 trillion in loans to domestic and
foreign banks from 2007 to 2010, far more than Congress authorized Treasury to
spend under TARP.…Congress eventually approved a partial audit that showed the
Fed extended an incredible $16 trillion – more than
the entire U.S. economy – in aggregate lending authority to foreign and
domestic banks from the end of 2007 to the middle of 2010…After the second
round of quantitative easing was announced, Chinese Vice Finance Minister Zhu
Guangyao said America “does not recognize, as a country that issues one of the
world’s major reserve currencies, its obligation to stabilize capital
markets.”German Finance Minister Wolfgang Schaeuble was more blunt, calling the
Fed “clueless.” [ source ]’
Global Recession Likely,
Depression Possible: Economist
Aug 31st, 2011 by News (CNBC) —
‘Global recession in 2012 is “65 to 75 percent certain” and could deteriorate
into a lengthy depression, Roger Nightingale, economist and strategist at RDN
Associates, told CNBC.The peak rate of growth for the world’s economy occurred
more than 12 months ago and “it carries on going down,” Nightingale said. “We
are probably going into negative territory around spring of next year; it is
not for certain, but that is the most likely scenario. I would say the recession is 65
percent, 75 percent certain .” The economist warned that should
recession kick in, the global economy might be too weak
to generate any GDP growth for years, or even decades .’
Morning Snapshot News August 31
(USAGOLD) — ‘Gold is modestly lower this morning, but still generally well bid
amid rising expectations that the Fed is preparing to ease once again. The St.
Louis Fed’s Bullard was hinted in the Japanese press that the Fed may indeed
embark on QE3, depending on upcoming data. Bullard added a caveat, saying that
it should be confirmed that inflation has eased first. These comments come on
the heals of very dovish Fedspeak by Chicago Fed’s Evans on Tuesday.
Today’s
weaker that expected ADP employment index may further temper expectations for
Friday’s August nonfarm payrolls report. Consensus is running around +93k,
following the +117k print for Jul. The unemployment rate is expected to remain
unchanged at 9.1%.
• US
ADP employment index rose 91k in Aug, below market expectations of 100k, vs
negative revised 109k in Jul.
Most
of the worst financial panics in history have happened in the fall. Just
recall what happened in 1929, 1987 and 2008. Well, September 2011 is
about to begin and there are all kinds of signs that the financial world is
about to hit the big red panic button. Wave after wave of bad economic
news has come out of the United States recently, and Europe is embroiled in an
absolutely unprecedented debt crisis. At this point there is a very real
possibility that the euro may not even survive. So what is causing all of
this? Well, over the last couple of decades a gigantic debt bubble has
fueled a tremendous amount of “fake prosperity” in the western world. But
for a debt bubble to keep going, the total amount of debt has to keep expanding
at an ever increasing pace. Unfortunately for the global economy, sources
of credit are starting to dry up. That is why you hear terms like “credit
crisis” and “credit crunch” thrown around so much these days. Without
enough credit to feed the monster, the debt bubble is going to burst. At
this point, virtually the entire global economy runs on credit, so when this
debt bubble bursts things could get really, really messy.
Nations
and financial institutions would never get into debt trouble if they could
always borrow as much money as they wanted at extremely low interest
rates. But what has happened is that lending sources are balking at
continuing to lend cheap money to nations and financial institutions that are
already up to their eyeballs in debt.
For
example, the yield on 2 year Greek bonds is now over 40 percent.
Investors don’t trust the Greek government and they are demanding a huge return
in order to lend them more money.
Throughout
the financial world right now there is a lot of fear. Lending conditions
have gotten very tight. Financial institutions are not eager to lend
money to each other or to anyone else. This “credit crunch” is going to
slow down the economy. Just remember what happened back in 2008.
When easy credit stops flowing, the dominoes can start falling very quickly.
Sadly,
this is a cycle that can feed into itself. When credit is tight, the
economy slows down and more businesses fail. That causes financial
institutions to want to tighten up things even more in order to avoid the “bad
credit risks”. Less economic activity means less tax revenue for
governments. Less tax revenue means larger budget deficits and increased
borrowing by governments. But when government debt gets
really high that can cause huge economic problems like we are witnessing in
Greece right now. The cycle of tighter credit and a slowing economy can
go on and on and on.
I
spend a lot of time talking about problems with the U.S. economy , but the truth is that the rest of the
world is dealing with massive problems as well right now. As bad as
things are in the U.S., the reality is that Europe looks like it may be “ground
zero” for the next great financial crisis.
At
this point the EU essentially has three choices. It can choose much
deeper economic integration (which would mean a huge loss of sovereignty), it
can choose to keep the status quo going for as long as possible by providing
the PIIGS with gigantic bailouts, or it can choose to end of the euro and
return to individual national currencies.
Any of
those choices would be very messy. At this point there is not much
political will for much deeper economic integration, so the last two
alternatives appear increasingly likely.
In any
event, global financial markets are paralyzed by fear right now. Nobody
knows what is going to happen next, but many now fear that whatever does come
next will not be good.
The
following are 25 signs that the financial world is about to hit the big red
panic button….
#1 According to a new study just released by Merrill Lynch,
the U.S. economy has an 80%
chance of going into another recession.
#2 Will Bank of America be the next Lehman Brothers?
Shares of Bank of America have fallen more than 40% over the past couple of
months. Even though Warren Buffet recently stepped in with 5 billion
dollars, the reality is that the problems for Bank of America are far from
over. In fact, one analyst is projecting that Bank of America is going to
need to raise 40 or 50 billion dollars in new
capital.
#3 European bank stocks have gotten absolutely hammered in recent
weeks.
#4 So far, major international banks have announced layoffs
of more than 60,000 workers , and more
layoff announcements are expected this fall. A recent article in the New York Times detailed some
of the carnage….
A new wave of layoffs is emblematic of this shift as nearly every major
bank undertakes a cost-cutting initiative, some with names like Project
Compass. UBS has announced 3,500 layoffs, 5 percent of its staff, and Citigroup
is quietly cutting dozens of traders. Bank of America could cut as many as
10,000 jobs, or 3.5 percent of its work force. ABN Amro, Barclays, Bank of New York
Mellon, Credit Suisse, Goldman Sachs, HSBC, Lloyds, State Street and Wells
Fargo have in recent months all announced plans to cut jobs — tens of thousands
all told.
#5 Credit
markets are really drying up . Do you
remember what happened in 2008 when that happened? Many are now warning
that we are getting very close to a repeat of that.
#6 The Conference
Board has announced that the U.S. Consumer Confidence Index fell from 59.2 in
July to 44.5 in August . That is the lowest reading
that we have seen since the last recession ended.
#7 The University
of Michigan Consumer Sentiment Index has fallen by almost 20 points over the last
three months. This index is now the lowest it has been in 30 years .
#8 The
Philadelphia Fed’s latest survey of regional manufacturing activity was absolutely nightmarish ….
The survey’s broadest measure of manufacturing conditions, the diffusion
index of current activity, decreased from a slightly positive reading of 3.2 in
July to -30.7 in August. The index is now at its lowest level since March 2009
#9 According to Bloomberg , since World
War II almost every time that the year over year change in real GDP has fallen
below 2% the U.S. economy has fallen into a recession….
Since 1948,
every time the four-quarter change has fallen below 2 percent, the economy has
entered a recession .
It’s hard to argue against an indicator with such a long history of accuracy.
#10 Economic
sentiment is falling in Europe as well. The following is from a recent Reuters article ….
A monthly European Commission survey showed economic sentiment in the 17
countries using the euro, a good indication of future economic activity, fell
to 98.3 in August from a revised 103 in July with optimism declining in all
sectors.
#11 The yield on 2
year Greek bonds is now an astronomical 42.47% .
#12 As I wrote about recently , the European Central Bank has stepped
into the marketplace and is buying up huge amounts of sovereign debt from
troubled nations such as Greece, Portugal, Spain and Italy. As a result,
the ECB is also massively overleveraged at this point.
#13 Most of the
major banks in Europe are also leveraged to the hilt and have
tremendous exposure to European sovereign debt.
#14 Political
wrangling in Europe is threatening to unravel the Greek bailout package.
In a recent article, Satyajit
Das described what has been going on behind the scenes in
the EU….
The sticking point is a demand for collateral for the second bailout
package. Finland demanded and got Euro 500 million in cash as security against
their Euro 1,400 million share of the second bailout package. Hearing of the
ill-advised side deal between Greece and Finland, Austria, the Netherlands and
Slovakia also are now demanding collateral, arguing that their banks were less
exposed to Greece than their counterparts in Germany and France entitling them
to special treatment. At least, one German parliamentarian has also asked the
logical question, why Germany is not receiving similar collateral.
#15 German
Chancellor Angela Merkel is trying to hold the Greek bailout deal together, but
a wave of anti-bailout “hysteria” is sweeping Germany, and now according to Ambrose
Evans-Pritchard it looks like Merkel may not have enough votes to
approve the latest bailout package….
German media reported that the latest tally of votes in the Bundestag
shows that 23 members from Mrs Merkel’s own coalition plan to vote against the
package, including twelve of the 44 members of Bavaria’s Social Christians
(CSU). This may force the Chancellor to rely on opposition votes, risking a
government collapse.
#16 Polish finance
minister Jacek Rostowski is warning that the status quo in Europe will lead to
“ collapse “. According
to Rostowski, if the EU does not choose the path of much deeper economic
integration the eurozone simply is not going to survive much longer….
“The choice is: much deeper macroeconomic integration in the eurozone or
its collapse. There is no third way.”
#17 German voters
are against the introduction of “Eurobonds” by about a 5 to 1 margin , so deeper
economic integration in Europe does not look real promising at this point.
#18 If something
goes wrong with the Greek bailout, Greece is financially doomed. Just
consider the following excerpt from a recent article by Puru Saxena ….
In Greece, government debt now represents almost 160% of GDP and the
average yield on Greek debt is around 15%. Thus, if Greece’s debt is rolled
over without restructuring, its interest costs alone will amount to
approximately 24% of GDP. In other words, if debt pardoning does not occur,
nearly a quarter of Greece’s economic output will be gobbled up by interest
repayments!
#19 The global
banking system has a total of 2 trillion dollars of exposure to Greek, Irish,
Portuguese, Spanish and Italian debt. Considering how much the global
banking system is leveraged, this amount of exposure could end up wiping out a
lot of major financial institutions.
#20 The head of
the IMF, Christine Largarde, recently warned that European banks are in need of
“ urgent recapitalization “.
#21 Once the
European crisis unravels, things could move very rapidly downhill. In a recent article , John Mauldin
put it this way….
It is only a matter of time until Europe has a true crisis, which will
happen faster – BANG! – than any of us can now imagine. Think Lehman on
steroids. The U.S. gave Europe our subprime woes. Europe gets to repay the
favor with an even more severe banking crisis that, given that the U.S. is at
best at stall speed, will tip us into a long and serious recession. Stay tuned.
#22 The U.S.
housing market is still a complete and total mess. According to a
recently released report, U.S. home prices fell 5.9% in the second quarter compared to a year earlier.
That was the biggest decline that we have seen since 2009. But even with
lower prices very few people are buying. According to the National
Association of Realtors, sales of previously owned homes dropped 3.5 percent during
July. That was the third decline in the last four months. Sales of
previously owned homes are even lagging behind last year’s pathetic pace.
#23 According to
John Lohman, the decline in U.S. economic data over the past three months has
been absolutely unprecedented .
#24 Morgan Stanley
now says that the U.S. and Europe are “hovering dangerously close to
a recession ” and that there is a good chance we could enter one at
some point in the next 6 to 12 months.
#25 Minneapolis
Fed President Narayana Kocherlakota says that he is so alarmed about the state
of the economy that he may drop his opposition to more
monetary easing. Could more quantitative easing by the Federal Reserve
soon be on the way? …’
If We Punished Executives the
Way China Does, We Wouldn't Have Any Left Minyanville Justin Rohrlich [ I think we
should consider this approach, starting with the frauds on wall street, which
of course in the sense of ‘all roads lead to’, will unearth other criminals
deserving of such treatment since their corruption has had ‘life/death’ effects
on the general populace through no fault of their own!] ‘Here in the United
States, we've certainly gotten far more than we ever bargained for when it
comes to corruption in the collective C-suite. CHL ), was sentenced
to death for accepting more than $2.5 million in bribes. New York Times points out that the "same type of sentence was handed
down last month for one of the company’s other former executives, Zhang
Chunjiang, who once served as vice chairman of China Mobile,” which also
included “the confiscation of his personal
assets and the removal of his political rights .” are
under investigation in corruption cases. (It may be worth noting that last
week, China Mobile revealed that it “ met
several times with Steve Jobs to talk about Apple ( AAPL ) making an iPhone that would
support its proprietary 3G standard." Currently, China Unicom ( CHU ) is the only carrier in China offering
the device. ) SNP ), was
sentenced to death for bribery in 2009, he was also granted a two-year reprieve
after confessing to his crimes. According
to state-run news service Xinhua , the court cut Chen a break of
sorts, stating that for "crimes involving 'extremely large sums of money,'
the suspects should be sentenced to death, but 'if they confess or contribute
to the handling of relevant cases, they should not get an immediate death
penalty in principle.'" Xinhua
explains why certain executions are performed more hastily than
others:
Corrupt officials, such as former vice-chairman of the
Standing Committee of the National People's Congress Cheng Kejie who was
executed in September 2000, former vice governor of Anhui Province Wang
Huaizhong who was given a lethal injection in February 2004, and former food
and drug administration head Zheng Xiaoyu, executed in July 2007, got immediate
death sentences because they "refused to plead guilty" and their bribe-taking
"caused extremely serious social impact.”
called it "legal
housekeeping," as the infractions were “all… seldom if ever punished by
execution” to begin with. Laogai Research Foundation -- established
in 1992 by Harry Wu, a democracy activist and survivor of the laogai, China’s
system of forced-labor prison camps -- provided us with a translation of the
official list (which just so happens not to include bribery):
Smuggling of
antiques or cultural relics
Smuggling of
precious metals
Smuggling of
rare animals or products
Smuggling of
ordinary goods or objects
Fraudulent
activities with financial bills
Fraudulent
activities involving letters of credit
Forged
value-added tax invoices
False issuance
of value-added tax invoices
The teaching of
criminal methods
Theft of
ancient human remains or fossils of vertebrates
And
finally, simple “theft.” Wall Street Journal ’s China
Real Time Report :
After weeks of taking jabs to the chin from an angry
microblogging public, leading forces in the [Chinese Communist] Party have
decided to punch back. Politburo member Liu Qi visited the Beijing offices of
Sina.com’s ( SINA ) popular
microblogging service Weibo earlier this week and impressed upon the staff
there the need for “the Internet’s healthy development”—code words for staying
away from topics which attack the rule of the Communist Party or hold officials
up for public ridicule.
Teng
Biao of China’s Economic Observer (and translated by Worldcrunch.com),
“China is the global leader for the number of corrupt officials who are
sentenced to death, and actually executed each year. But, judging by the
seemingly endless ‘public demand’ for this kind of punishment and the surging
popular anger, it would seem that there is actually not enough of it.” Hong Kong , told the
Washington
Post that “there still is a very strong sense that corrupt
officials must die among the Chinese population at large. The revulsion for
that offense is so strong that there would be a potential political cost to
eliminating the death penalty for corruption." a
six-year old schoolgirl in southern China was asked by a
television reporter what she wanted to become when she grew up.
BofA Warns Upcoming “Desperate
Measures” By Authorities Will Result In Another 2008 Market Collapse Zero Hedge |
New national debt data: $4.247
Trillion in 945 days L.A. Times
Home sales approach worst point
in half a century Bloomberg
Bloomberg reveals massive
corruption in the private Federal Reserve Madison Ruppert
In Baltimore, homes for
$10,000 — and less Baltimore Sun | Housing
prices continue to fall through much of the region.
Social Security disability on verge of insolvency
MKM Bracing For SPY To Drop 8%
More; Nasdaq Nearing August Lows at Barrons.com Murray Coleman ‘Stocks continue to
slump today, reeling from a raft of ugly data and growing concerns about European sovereign debt. But how far lower can
ETFs tracking key benchmarks slide? MKM Partners’ technical analyst Katie Stockton sees a range around $110 a share for
the SPDR S&P 500 ETF ( SPY ) as the next level of support. That would represent about a 3-4% drop
from current levels. SPY most recently was trading down 4.6% at $114.09 a
share. “I do expect that level ($110) to be re-tested in coming weeks,” Stockton
said in an interview, noting that level had been tested early last week and
held. The problem is that her indicators show that blue chip U.S. stocks still
could have a ways to go. “The market doesn’t appear oversold at this point, so
the market looks like it could go lower,” Stockton said. Perhaps the most
important level for SPY is the February 2010 low of $105 a share, roughly 8%
below current levels. “That level hasn’t been broken on a decisive basis yet,”
Stockton noted. “That’s the number we’re really keeping a close eye on after
what’s taken place today.” Meanwhile, the tech-heavy Nasdaq’s near-term
backdrop looks just as volatile, notes Michael
Ashbaugh in his Technical Trader investment letter . With Thursday’s downturn, the benchmark has knifed straight through
initial support at 2,493 placing it back within August-crash territory. In the
near-term, the veteran technician expects to see modest support at around 2,357
— its August closing low. That’s around 0.6% from where the index’s trading at
now.’
Stocks Plunge, Gold Surges on
Global Concern Aug 18th, 2011 14:30 by News (Bloomberg) — ‘Stocks plunged while
Treasuries rallied, pushing yields to record lows, amid growing signs the
economy is slowing and speculation that European banks lack sufficient capital.
Gold climbed to a record , while oil led commodities lower. The Standard & Poor’s 500 Index
tumbled 4.5 percent to 1,140.74 at 4 p.m. in New York. The Stoxx Europe 600
Index lost 4.8 percent in its worst plunge since March 2009 and Germany’s DAX
Index slid 5.8 percent, the most since 2008. Ten-year Treasury yields fell as
much as 19 basis points to 1.97 percent as rates on similar-maturity Canadian
and British debt also reached all-time lows. The dollar gained versus 15 of 16
major peers, strengthening 0.6 percent to $1.4336 per euro. Gold futures
rallied as much as 2.1 percent to $1,832 an ounce, while oil slid 5.9 percent.’
European Shares Fall Most
Since March 2009 Aug 18th, 2011 12:01 by News (CNBC) — ‘European equities suffered
their biggest daily fall in two and a half years on Thursday, as a slew of data
cast further doubt on the strength of the recovery in the world’s biggest
economy. German shares lost most, with traders citing the effects of a
short-selling ban on financial stocks in other parts of Europe and intensifying
worries about politicians’ lack of a plan to address the euro zone sovereign
debt crisis. The European banking sector, exposed to the euro zone debt crisis,
fell 6.6 percent and is down 29.7 percent this year.’
Jobless Claims, Inflation Rise
More Than Expected CNBC | New U.S. claims for unemployment benefits rose
more than expected last week. Chavez Nationalizes
Venezuela’s Gold Industry, Recalls Hundreds of Tons of Gold Held Abroad, May
Cause a Scramble for Physical Gold From JP Morgan and Others SEC destroyed crucial probe
data: senator AFP | The SEC may
have destroyed documents related to possible violations by major banks and
hedge funds. World stock markets plunge as
fears of recession intensify guardian.co.uk Don’t Swallow the FED’s $16
Trillion Suicide Pill Michael McKay | The Federal
Reserve secretly kept the Phony-Fiat-Money-System afloat by “lending” out $16
Trillion. GALLUP: Americans satisfied
with ‘the way things are going’ — 11%! Gallup | Americans’
satisfaction with the way things are going in the United States has fallen back
to 11%.
Stocks: Mutual Fund Investors
Hate Them the Most Since Oct. 2008 at The Wall
Street Journal
Rick Perry on Ben Bernanke:
Fed Chairman's Money Printing Policies Are "Almost Treasonous" at
Minyanville The Loss of Momentum in the
Markets All Too Apparent Now Bob Chapman
Venezuela Plans to Move
Reserve Funds Aug 17th, 2011 10:35 by News August 17 (The Wall Street Journal)
—‘ Venezuela plans to transfer billions of dollars in cash reserves from abroad
to banks in Russia, China and Brazil and tons of gold from European banks to
its central bank vaults, according to documents reviewed Tuesday by The Wall
Street Journal.The planned moves would include transferring $6.3 billion in
cash reserves, most of which Venezuela now keeps in banks such as the Bank for
International Settlements in Basel, Switzerland, and Barclays Bank in London to
unnamed Russian, Chinese and Brazilian banks, one document said. Venezuela also plans to move 211 tons of gold it keeps abroad and values at $11 billion to the vaults of the Venezuelan Central Bank in
Caracas where the government keeps its remaining 154 tons of bullion, the
document says. PG View : There have been plenty of reasons to question President Chávez’s sanity
in recent years, but seeking to lessen Venezuela’s dependence on the dollar and
removing assets, particularly their gold, from Western banks is actually pretty
prudent. It will be interesting to see how forthcoming those Western banks will
be in facilitating the repatriation of Venezuela’s gold.’ Chavez Plans on Nationalizing
Gold Industry Fox Business | “I have here the laws allowing the state
to exploit gold and all related activities.”
Putin sets sights on Eurasian
economic union Financial Times | Twenty years after the Soviet Union
collapsed, Vladimir Putin, the Russian prime minister, may not, as is sometimes
alleged, be trying to recreate it.
Putting The Cart On Top Of The
Horse, Or Why Heaping Fiscal “Stimulus” Upon “Stimulus” Is Suicide For America Zero Hedge |
Feeding the government monster is, contrary to what Krugman and other
Keynesians will tell you, in the current regime of coincident monetary
irrigation, an exercise in futility.
Merkel/Sarkozy press
conference: No chance of eurobond anytime soon. No expansion of ESFS. Move
toward common governance. Financial transaction tax. Aug 16th, 2011 10:37 by News EUR rallied then retreated. Germany adds to eurozone’s
woes Aug 16th, 2011 10:13 by News August 16 (Financial Times) — German
economic growth slowed to a near standstill in the second quarter of this year,
dealing a further, unexpected blow to the crisis-hit eurozone.The
surprisingly-sharp deceleration in activity in Europe’s largest economy hit
overall eurozone growth and intensified fears about the global slowdown. It
also threatened to complicate the challenge facing the region’s policymakers as
they seek to combat its escalating debt crisis.
Stocks Slip On Concern Over Europe's
Debt, U.S. Data
Dell
braces investors for a bumpy road 16 Aug 2011 Dell makes a case on
why it can better weather an upcoming storm with more higher margin businesses...
Ron Paul on
Texas Straight Talk: U.S. Government Debt Is Becoming Worthless
How Low Will Stocks Go? at
Minyanville By MoneyShow.com Aug 12, 2011 ‘Up 500 points one day, down 500
the next. That’s the way the market is these days. end of
the welfare state " on The Independent Agenda.)
Mark Arbeter, chief technical analyst of Standard & Poor’s, said back
in May and June that the bull market was probably over, as I reported in this
column . He hasn’t changed his position. permanently
reduce your exposure to equities. GS ) lost money on 15 trading days in the
second quarter! And John Paulson, the hedge-fund genius who masterminded “the
greatest trade ever” by shorting subprime mortgages, has lost 31% so far this
year in his largest fund. Editor's Note: This article was written by Howard R. Gold, editor at large
for MoneyShow.com .
Five Reasons
for the Stock Market Crash and Zero Interest Rate 11 Aug 2011 Read more: Five Reasons for
the Stock Market Crash and Zero Interest Rate http://www.moneynews.com/StreetTalk/Stock-Market-Interest-Rate/2011/08/11/id/406976 ‘It’s said that the stock market climbs a
“wall of worry.” Because the stock market is trying to predict the future
success or failures of various companies, it sometimes gets things wrong.
Horribly, terribly wrong.Publisher’s Note: In an exclusive interview presentation, Aftershock 2012,
Robert Wiedemer outlines a dire financial warning along with a comprehensive
blueprint for economic survival. Over one million Americans have seen the
evidence and learned how to weather the stock market,
secure interest rates, and save their financial future. Watch the video now.
But investors who understand the reasons behind the latest decline in the
stock market have little to fear. Below are five reasons why the stock market
is crashing right now: Publisher’s Note: Author and esteemed economist Bob Wiedemer accurately
predicted these events more than four years ago. Over one million Americans
have seen the evidence and learned how to weather the stock market, secure interest rates, and save their financial future.
Watch the video now . 4)
United States Has No Economic Growth
Five Reasons for
the Stock Market Crash and Zero Interest Rate Shocking Poll Results …’
Stocks Overbought Already? at The Wall
Street Journal
Are US Markets Facing the
Abyss? [ Short answer: Worse! ] at
Minyanville Jeffrey Cooper
Aug 15, 2011 ‘
“As soon as the idea of the Deluge had subsided, a
hare stopped in the clover and swaying flowerbells, and said a prayer to the
rainbow, through the spider’s web. house , still dripping, children in
mourning looked at the marvelous pictures.
"Yeah, keep your eyes on the road,
your hands upon the wheel... " Roadhouse
Blues (The Doors) Somebody hit her with a chair, you know. I guess there’s no way to
determine who did it. It’s already coagulating. She was just an innocent
bystander. It’s a democracy. ” There are things known and there are things unknown, and in between are
the doors of perception. ” That men do not learn very much from the lessons of history is the most
important of all the lessons that History has to teach. ” Ye shall know the truth, and the truth shall make you mad. ” home . The truth hurts. financial Biblical
desert, characterized by the last decade of bubbles and busts. How
Mid-September 2008 Ties To The July 2010 Low And Today ” from late
June, I walked through the setup for a waterfall decline. DJIA rally? http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0811/15/ARCX_SPY_D%20--%20SPDR%20S&P%20500%20TRUST.gif http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0811/15/DJIA%201929%20Daily.gif%20final.jpg http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0811/15/ARCX_GLD_D%20--%20SPDR%20GOLD%20SHARES.gif ‘
Rickards – US will revalue
gold to $7000 Aug 15th, 2011 15:10 by News August 15 (King World News) — ‘ He (Nixon)
said first of all I am imposing national price controls because there was an
inflation problem in the United States at the time. The second thing he said
was I am putting a 10% surtax of imports on all imported goods coming into the
United States. Then about 10 minutes into the speech, very much en passant, he
said, ‘Oh by the way we are suspending the convertibility of dollars into gold’
and he immediately went into this Nixonian rant about speculators. So it was
very interesting, there were three earth-shaking announcements. Can you imagine
any one of those three things going on today? President Obama or any President
saying he was going to impose nationwide price controls, or all Chinese goods
would have a 10% surcharge. It would be cataclysmic, yet Nixon did both of
those things. Plus (Nixon) took us off the gold standard, so it was quite a
dramatic speech. In a strange way he did us all a favor by making sure we (the
US) held on to the gold. So I do think the United States is in a position to
revalue the currency using gold to that $7,000 level. That will obviously be a
huge benefit to all of the people who invested in gold because they are going
to be along for the ride, along with the United States when that gold goes to
$7,000.” Excerpted from an interview that is available here. ‘
Fed Pledge Let's You Know The Fix Is
In Forbes Peter Schiff ‘ Last week’s wild actions on
Wall Street should serve as a stark reminder that few investors have any clue
as to what is really going on beneath the surface of America’s troubled
economy. It did bring startling clarity on at least one front. In its August
policy statement the Federal Reserve took the highly unusual step of putting a
specific time frame for the continuation of its near zero interest rate policy.
Moving
past the previously uncertain pronouncements that they would “keep interest
rates low for an extended period,” the Fed now tells us that rates will not
budge from rock bottom for at least two years. Although the markets rallied on
the news (at least for a few minutes) in reality the policy will inflict untold
harm on the U.S. economy. The move was so dangerous and misguided that
three members of the Fed’s Open Market Committee actually voted against it.
This level of dissent within the Fed hasn’t been seen for years.
Many
economists have short-sightedly concluded that ultra low interest rates are a
sure fire way to spur economic growth. The easier and cheaper it is to borrow,
they argue, the more likely business and consumers are to spend. And because
spending spurs growth, in their calculation, low rates are always good. But, as
is typical, they have it backwards.
I
believe that ultra-low interest rates are among the biggest impediments
currently preventing genuine economic growth in the US economy. By committing
to keep them near zero for the next two years, the Fed has actually lengthened
the time Americans will now have to wait before a real recovery begins. Low
rates are the root cause of the misallocation of resources that define the
modern American economy. As a direct result, Americans borrow, consume, and
speculate too much, while we save, produce, and invest too little.
It may
come as a shock to some, but just like everything else in a free market,
interest rate levels are best determined by the freely interacting forces of
supply and demand. In the case of interest rates, the determinative factors
should be the supply of savings available to lend and the demand for money by
people and business who want to borrow. Many of the beneficial elements of
market determined rates are explained in my book How an
Economy Grows and Why it Crashes . But allowing the government to
determine interest rates as a matter of policy creates a number of distortions.
It was
bad enough that the Fed held rates far too low, but at least a fig leaf of
uncertainty kept the most brazen speculators in partial paralysis. But by
specifically telegraphing policy, the Fed has now given cover to the most
parasitic elements of the financial sector to undertake transactions that offer
no economic benefit to the nation. Specifically, it will simply encourage banks
to borrow money at zero percent from the Fed, and then use significant leverage
to buy low yielding treasuries at 2 to 4 percent. The result is a banker’s
dream: guaranteed low risk profit. In other words it will encourage banks to
lend to the government, which already borrows too much, and not lend to private
borrowers, whose activity could actually benefit the economy.
This
reckless policy, designed to facilitate government spending and appease Wall
Street financiers, will continue to starve Main Street of the capital it needs
to make real productivity-enhancing investments. American investment capital
will continue to flow abroad, denying local business the means to expand and
hire. It also destroys interest rates paid to holders of bank savings deposits
which traditionally had been a financial pillar of retirees. In addition, such
an inflationary policy drives real wages lower, robbing Americans of their
purchasing power. The consequence is a dollar in free-fall, dragging down with
it the standard of living of average Americans.
Until
interest rates are allowed to rise to appropriate levels, more resources will
be misallocated, additional jobs will be lost, government spending and deficits
will continue to grow, the dollar will keep falling, consumer prices will keep
rising, and the government will keep blaming our problems on external factors
beyond its control. As the old adage goes, “insanity is doing the same thing
over and over again and expecting different results.” ‘
Peter
Schiff is CEO of Euro Pacific Capital .
Related
Posts: Immolate The IMF
Currency Manipulation
Train Reading: The Stock
Market Is Insane The Wall Street Journal
‘The
stock market has lost its mind — Bethany McLean in Slate
Are US
banks turning Japanese? — FT
Alphaville
How’s
that austerity working out for you, UK? — Econbrowser
Can
Jeremy Grantham profit from ecological mayhem? — NY Times
Magazine
Authors
and critics reveal which lit classics they consider overrated — Slate
It’s
not so easy applying Moneyball principles to soccer — WSJ ‘
THE STOCK MARKET HAS LOST ITS MIND — Bethany McLean in Slate Risk On! Do the Fed, computer trading, and a few hedge funds rule the
market? That might explain why it's lost its mind. After the madness of last week and the rollercoaster at the beginning of this week, the stock market
recovered from its Aug. 10 rout to bounce 423 points on Aug. 11. It was the
fourth day in a row in which the index moved by more than 400 points, which has
never happened before in history. As I write this, stock prices are leveling
off, but the big swings may not be over. Has the market gone mad? Actually,
yes. In
theory, the stock market is supposed to reflect the prospects for the
economy—the earnings potential of the stocks that make up the Dow Jones
Industrial Average. But there's more than one reason to believe that what's
going on now has little to do with any rational view of the future, and a lot
to do with the market itself. "Dip your toes into any risk asset right now
and understand that you are not entering into anything remotely resembling a
normal market environment," wrote David Rosenberg, the well-respected
former Merrill Lynch analyst who is now the chief economist at Canadian firm
Gluskin Sheff, in his recent newsletter. "Dysfunctional is more like
it."
The
first factor to consider is that the huge rebound in stocks and in all sorts of
risk assets from the spring of 2009 until May of this year wasn't necessarily
driven by a belief that better times were coming. It was driven by a belief
that investors had to buy riskier assets given the Fed's determination to hold
interest rates near zero. Because investors can't get a return in
"safe" assets—indeed, a small return will get chewed up by
inflation—they are driven to riskier assets. As more investors pile in,
everyone is driven further out along the risk curve.
This
is what traders call "risk on." What they mean is that you'll be
rewarded for buying risk, regardless of reality. The Fed's second round of
quantitative easing ("QE2"), in which it bought $600 billion of
Treasuries in order to keep interest rates low, encouraged this investment
strategy. "We had a nice two-year rally in risk assets and something close
to an economic recovery, but as we had warned, it was built on sticks and
straw, not bricks," wrote Rosenberg. "This isn't much different than
the financial engineering in the 2002-07 cycle that gave off the appearance of
prosperity."
The Fed intended this to end happily. The
fake wealth created by a soaring market was supposed to turn into real wealth,
because rich people, who control much of the economy and who have much of their
money in the market, were supposed to spend more. But it hasn't worked, partly
because of problems in the rest of the world—the tsunami in Japan, the
financial crisis that's brewing in Europe—and partly because our own economy is
too deep in hock to achieve the necessary stimulus. As Howard Marks, the
chairman of Oaktree Capital Management, put it in his recent letter , "The
world has awakened to the undesirability of ever-growing government debt."
You
can think of the Fed's medicine as a painkiller. It allows everyone to pretend
that bad stuff isn't happening, until something shatters the illusion and the
comfortable numbness abruptly gives way to panic. There's massive selling. Then
the Fed reassures everyone that its toolbox isn't empty just yet—witness the
big upturn on Aug. 9 after the Fed said it would
likely hold rates near zero until mid-2013 (a worthless prediction if inflation
surges)—and the market soars. Risk on!
It's
hard to develop any real conviction about the direction of the market when so
much depends on the actions of the Federal Reserve. That's especially true
because even the members of the Federal Reserve Open Market Committee aren't
all in agreement. Three members voted against the Fed's Aug. 9 announcement.
Complicating matters is that the short term direction of the real economy is
also at the mercy of the government. The key line in this Wall Street Journal story : "As goes
government spending, so goes the U.S. economy."
Another
possible factor in the madness is forced selling by big hedge funds. There are rumors that funds are
getting hit by margin calls, or that funds that are having a bad year are
getting redemption requests from investors, thereby forcing them to sell. Most
of the gossip has focused on John Paulson (the hedge fund manager who famously
made his fortune by shorting securities backed by subprime mortgages), given
the big positions he was known to have in stocks that have gotten trashed. But
if Paulson is hurting, he's probably not alone. "No way big guys could
have gotten out," one trader tells me via email. "Big hedge funds with
all the same big positions. This move down happened so fast that they are
trapped." If this theory is right, then sudden rallies like Thursday's
upturn will be followed by more selling, as hedge funds take advantage of the
ability to get out.
The
last explanation I've heard is that most of the buying and selling hasn't been
driven by real people, but rather by computers. Hello, HAL 9000 ! In the last
five years, computer-driven trading, whether controversial high-frequency
trading or just programs that buy baskets of stocks based on technical figures,
has become a bigger and bigger part of the market. Depending on how you define
it, sources tell me it constitutes 70 percent to 90 percent of trading now.
"The human element is gone," one trader tells me. At least some
people believe that the presence of computers exacerbates the big moves up and
down. According to this paper by X. Frank
Zhang, an associate professor of accounting at the Yale School of Management,
"high frequency trading is positively correlated with stock price
volatility." Zhang goes on to say that the "positive correlation is
stronger among the top 3,000 stocks in market capitalization and among stocks
with high institutional holdings. The positive correlation is also stronger
during periods of high market uncertainty." Zhang's academic work is
supported by the observations of those who have been in the market for a long
time. "I suspect that the real culprits here are the computers Wall Street
has programmed and unleashed to trade and manage portfolios," wrote John
Bollinger, who has been publishing his Capital Growth Letter for more than two decades. "The
sort of mindless selling that we are seeing is most likely the result of
machines trading and human beings desperately trying to keep up with
them."
Should
you buy? Should you sell? No one knows. The world is always an uncertain place,
but right now it's more uncertain than usual, whether about the ultimate
resolution of Europe's crisis or about how the U.S. will reduce its debt and
get the economy growing again. Or perhaps I should say reduce its debt or get the economy growing, since it's unlikely to achieve
both at the same time. This inability to guess what the future holds means that
madness rules.’
Withdrawals From Stock Funds
Biggest Since ’08 Aug 12th, 2011
15:32 by News (Bloomberg) — Investors pulled the most
money from global stock funds since 2008 in the past week as the Standard &
Poor’s downgrade of Treasuries and the deepening European debt crisis prompted
a flight into cash and gold . Funds that buy global equities
suffered $3.5 billion in net withdrawals in the week ended Aug. 10, the most
since the second week of October 2008, according to Cameron Brandt, director of
research at Cambridge, Massachusetts-based EPFR Global. Investors removed $11.7
billion from funds that invest in U.S. equities, the most since May 2010 when
investors pulled money following a one-day market crash that briefly erased
$862 billion.“This week had a feeling of capitulation as we saw investors
running for cover,” Brandt said in a telephone interview. “The last time we saw
this kind of flight to safety” was in 2008, he said.’
U.S. Consumer Confidence Drops
to Three-Decade Low Amid Economic Headwinds Aug 12th, 2011
13:10 by News (Bloomberg) — ‘Confidence among U.S.
consumers plunged in August to the lowest level since May 1980 , adding to
concern that weak employment gains and volatility in the stock market will
prompt households to retrench.The Thomson Reuters/University of Michigan
preliminary index of consumer sentiment slumped to 54.9 from 63.7 the prior
month. The gauge was projected to decline to 62, according to the median
forecast in a Bloomberg News survey.’
Pity the Policymakers July 21st, 2011 by News
by Mohamed A. El-Erian (Project Syndicate) — ‘I don’t know about you,
but whenever I am in an airplane experiencing turbulence, I draw comfort from
the belief that the pilots sitting behind the cockpit’s closed door know what
to do. I would feel very differently if, through an open door, I observed
pilots who were frustrated at the poor responsiveness of the plane’s controls,
arguing about their next step, and getting no help whatsoever from the
operator’s manuals. So it is unsettling that policymakers in many Western
economies today resemble the second group of pilots. This perception reflects
not only the contradictory pronouncements and behavior of policymakers, but
also the extent to which economic outcomes have consistently fallen short of
their expectations.This perception is evident in Europe, the United States, and
Japan, where indicators of economic sentiment are deteriorating again,
already-weak recoveries are stalling, and over-stretched balance sheets are
becoming even more precarious.’
Is America The Next Greece? at Forbes Marc Schindler ‘After many
years of overeating (overspending) Greece is in the emergency room with a major
financial heart attack and America isn’t far behind.
The
doctors (IMF, European finance ministers, the ECB, etc.) are running around
trying to save it. Open heart surgery (loans guaranteed by others) has averted
the immediate crisis, but Greece is just as overweight today as it was before
the crisis. Attempts to lose weight through exercise (austerity measures) cause
serious chest pains (riots). The doctors don’t want to admit it, but all signs
point to a heart transplant (default) as the only way to get Greece onto its
feet again.
Greece
isn’t the only one. It is a veritable epidemic. Ireland, Italy, Portugal, Spain
and a host of other countries are having chest pains. Iceland is feeling better
now with its freshly transplanted heart. The American home owner is still in
the hospital from his financial heart attack after gobbling up vast quantities
of real estate, and it has been many decades since Uncle Sam last could see his
toes.
By
most accounts (e.g. here or Bill Gross ‘ statements in
a recent interview) total hidden government liabilities add up to about
$60-$100 trillion. That is on top of the $14 trillion of debt carried on the
balance sheet. Adding up those liabilities, the US owes at least five times
GDP, which currently sits at about $15 trillion. For comparison, Greece’s debt
is about 1.5 times its GDP.
This
is not really a fair comparison, because it leaves out any hidden liabilities
Greece may have. The US debt figure includes unfunded entitlements, state and
local debt, and underfunded public pensions. Nevertheless, it is clear that
this is an unsustainable debt load even if the estimates turn out to be off by
a factor of two or four.
Uncle
Sam is already more overweight than Greece ever was. If he doesn’t change his
ways, he will end up in the hospital like Greece, but at present he is partying
like there is no tomorrow, gorging himself on entitlement spending, costly
wars, bailouts, subsidies, and countless other delicacies.
Perhaps
it would not be such a bad thing if the talks about raising the debt limit
failed. After Uncle Sam suffers the resulting self-inflicted mild heart attack
(temporary default) and finds out how much fun it is to fetch up in the
emergency room, he might be more inclined to take care of himself, slim down,
and stick with an exercise regime.
Some
kind of a wakeup call is necessary while there is still time to deal with our
debt problem. The only way to address it is for Washington to do its job: get
everybody to recognize that there is a problem, find a solution that demands
some sacrifices from everyone, and work together across party lines to
implement it. In the current political environment that does not seem to be
possible. Something needs to change the environment. Greece shows that the
alternative is not pretty.’
Corporate Earnings Soar Amidst
a Dismal Job Market Wall St. Cheat Sheet [That game’s about
to end! In fact, that game’s over! Dave's Daily 'If you can keep interest rates this
low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- ]
Standing on the
precipice – and ready to jump July 21st, 2011 News By Wolfgang Münchau ( Financial
Times) — ‘It looks like there will be deal on a eurozone package for Greece.
The full details are still missing, but it appears that the eurozone is forcing
Greece into a selective default. As part of such a package, short-term Greek
debt will be more or less forcibly converted into long-term debt. The wretched
bank tax is mercifully off the table. And the European financial stability
facility will most likely be allowed to purchase Greek debt at a discount. LET
US NOT MINCE WORDS HERE . THIS
WOULD BE A DEFAULT, THE FIRST BY A WESTERN INDUSTRIALISED COUNTRY IN A
GENERATION . I am not quite sure how
it is possible for the European Central Bank to agree to this, or to all of
this. But I will surely be intrigued to hear how Jean-Claude Trichet will
manage to be consistent with what he said a few days ago. There are also
reports that the eurozone leaders may accept a more flexible EFSF beyond those
bond purchases.’
State Finances Are Worse Than
You Think at Forbes
So Far, Market Ignoring Dire
Warnings at Minyanville
The Greater Depression Is Upon
Us by David Galland http://www.lewrockwell.com/orig10/galland34.1.html Casey Research Recently by
David Galland: The Road to Perdition ‘The phrase “Greater Depression” was coined
by Doug Casey a decade or so back as a way of describing the economic crisis he
foresaw as inevitable, and which is now materializing.
Because I think it is important for every
organization to constantly challenge its own assumptions, I’ve long acted as
something of a devil’s advocate here at Casey Research. By constantly pushing
our analysts to revisit their assumptions and calculations, it is my firm
intention for us to spot the fork in the road that indicates it is time to
shift strategies away from investments designed to do well in the face of a
currency debasement and to something else.
Being attentive to that fork in the road is
hugely important, because even though we urge our subscribers not to overdo
their exposure to inflation hedges, we recognize that many do. Many a good
person had their clocks cleaned in the early 1980s solely because they had
become overly enamored of their precious metals – so much so that they stopped
thinking of them as an asset class and began thinking of them more in the terms
one might associate with an amorous dinner date. Thus these investors were
utterly unprepared when said date stood up and broke a dinner plate over their
heads.
With that brief setup, I want to make our
views clear: While we correctly anticipated the recent correction in precious
metals, this correction is but a blip in a secular bull market that is very
much intact.
Doug Casey has often said that the
unfolding crisis is going to be even worse than he expects (which is saying
something), and the longer the rest of us at Casey Research study the tea
leaves, it is hard to disagree that the Greater Depression is still ahead.
Consider:
THE EUROZONE IS GROWING
INCREASINGLY DESPERATE . Watching the heads of Europe dither and debate over
further bailouts to the unhappy Greeks and other troubled PIIGS – before
ultimately reaching back into the pockets of the equally unhappy citizens in
Germany and the decreasing number of still-functioning economies in the
eurozone – reminds me of a down-on-his-luck blackjack player. He’s mortgaged
his home to play the game but is now down to his last chips. He doesn’t want to
risk his remaining resources but has no choice, because to walk away now will
mean taking up residence in a cardboard box. And so, reluctantly, he shoves
across another pile. The problem is that the game is rigged – and not in his
favor. As the PIIGS start to default and either leave the eurozone entirely or
are shunted off into some sort of sidecar organization, there will be great
volatility in the euro and in the European markets.
THE U.S. DEBT
SITUATION IS FAR WORSE THAN ANYONE IN WASHINGTON IS WILLING TO ADMIT. We keep hearing
calls for more, not less debt creation. But if people would stop kidding
themselves and tally up all the many demands the U.S. government has against
it, the actual debt-to-GDP ratio rises to something on the order of 400% – and
even that is likely understating things. The fundamental flaws in the U.S.
monetary system – flaws that have given license to the bureaucrats to smash the
limousine of state straight into a wall – have required a remaking every 20 to
30 years or so. The problem is that there is pretty much nothing else that can
be done to save the status quo at this point, and so the monetary system is
likely to collapse. That means big changes ahead, including – or perhaps
starting with – a poisonous ratcheting up of interest rates.
CHINA’S MIRACLE
MIRAGE. While having aspects of a free market, the hard truth is that China is
run as a command economy by a cadre of communist holdovers. This is apparent in
the cities that have been built for no purpose other than creating jobs and
boosting GDP. It is also apparent in the growing inflation in China – the
inevitable knock-on of the government’s decision to yank on the levers of money
creation harder than any other nation at the onset of the Greater Depression.
Meanwhile, signs of social unrest crop up here and there. Though so far they
have been swiftly put down, there is no question that the ruling elite has to
walk a very fine line. If the Chinese economy stumbles seriously, all bets are
off. That we are talking about the world’s second-largest economy means this is
not of small consequence.
JAPAN IS
ESSENTIALLY OFFLINE. Reports from friends in Japan – including one who was
initially skeptical about the scale of the problems at Fukushima – have now
changed in tone by 180 degrees. You can almost feel the growing sense of
desperation as the already massively indebted nation begins to slide toward an
abyss. There is little standing in the way of the world’s third-largest
economy’s slide.
THE MIDDLE EAST IS
IN FLAMES. This, too, is far from settled. As usual, the U.S. government has been
hopping here and there in an attempt to maintain its influence, but at this
point pretty much everything is up for grabs. The odds of the U.S. retaining
the same level of influence in the region that it has enjoyed over the last
century are slim to none, especially now that even the Saudis are shipping more
of their oil to China than to the U.S. Again, big changes are ahead…’
Watch Out: 2011 Looks A Lot
Like The Market Top In 2007 at Forbes Sean Hanlon
Back on December 12, 2007 I wrote a market commentary that started as
follows:
The equity markets have been very
volatile this year, but also range bound. A picture speaks a thousand
words so all one needs to do is view the chart below of the S&P 500 Index
to understand just how volatile and range bound things have been.
Specifically, since February 20, 2007, only nine and one half months or so ago,
the S&P 500 Index has been down 5.86%, up 13.02%, down 9.43%, up
11.26%, down 10.09%, and now up 7.73% –
through 12/10/07 – so far in this latest up leg! All this in
ONLY nine and one half months!
http://blogs-images.forbes.com/advisor/files/2011/07/market-commentary-1.jpg
History
is repeating itself so far in 2011, which has been fraught with ups and downs
in both international and domestic equity markets. This is due to many
things, including the considerable economic doubts and various countries debt
situations. This uncertainty has translated into market performance with direct
impacts on portfolio returns and more prominently in portfolio volatility. This
volatility is best seen in the chart below of the S&P 500 Index beginning
1/1/11.
http://blogs-images.forbes.com/advisor/files/2011/07/market-commentary-2.jpg
2010
ended positivity and the momentum carried into the first two months of 2011
however the end of February began a series of events that led market returns on
a whipsaw ride of ups and downs, resulting in the current universal mid-year
views of market uncertainty.
What
news was associated with this volatility? All the usual; crude oil prices,
natural disasters, corporate earnings, politics, economic forecast revisions
for both developed and emerging markets, the European debt situation, the
United States debt situation and more to name just a few.
One
thing is for certain; the current volatile, range bound market activity is
difficult at best to profit from. In this investing environment patience
is the most important attribute. I will be patient and will be careful
until the trends are preferable.
Our
strategy at Hanlon Investment Management is to attempt to minimize downside
risk by exiting risk asset classes, such as equities, during periods of
uncertainty, getting invested in more conservative asset classes, such as money
markets and short-term bonds, and re-entering into risky asset classes when we
identify them as attractive, when the trend is our friend and positive!
Having
identified this volatility, in June we made defensive, tactical investment
decisions that provide less exposure to these volatile, range bound markets and
prepare us to re-enter the markets when they possess improved risk
characteristics.’
Deficit Ceiling and Stocks -
Expect the Unexpected ETFguide Simon
Maierhofer, July 19, 2011, ‘ A number of
cliches come to mind when talking about the U.S. debt situation. The most
appropriate might be: 'You can't have your cake and eat it too.' The least
applicable is probably: 'Never put off until tomorrow what you can do today.'
But if
you think the U.S. will default on some of its obligations anytime soon, you
don't have enough faith in the government's most potent weapon - extend and
pretend (another cliche that's become the modus operandi).
Since
1960, Congress has acted 78 separate times to permanently raise, temporarily
extend, or revise the definition of the debt limit. Chances are Congress will
act again before the August 2 deadline. That however isn't good news.
By the
end of this article you will know the common sense, no nonsense, deficit
ramifications for the stock market and why even 'a deal' isn't good news.
USA Inc. - Income Statement
If the
United States was a corporation - USA Inc. - here's what the Income Statement
would look like:
Total
federal spending in 2010 amounted to $3.456 trillion. Total receipts added up
to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294 trillion.
The
2011 federal budget is $3.7 trillion with a projected deficit of$1.6 trillion.
But there's no reason to despair, just before April 15,Congressional leaders
were able to agree on $39 billion worth of budgetcuts for the remainder of the
year.
Senate
Majority Leader Harry Reid hailed this heroic effort as a 'historic' level of
cuts. To quantify just how 'historic' that effort was we'll put it in
percentage terms -1%. The cut amounted to only 1% of the 2011 budget.
Apparently it wasn't enough. Thanks to extend and pretend we've arrived at the
next deadline.
Stocks Applaud ... and Decline
Keep
in mind that back in mid-April when the 'historic' $39 billion cut was hammered
out, the S&P was at about 1,300. Following the 'resolution' of the budget
problem stocks rallied about 5%.
The
April 3 ETF Profit Strategy Newsletter featured the chart below (due to size
restrictions the chart had to be reduced). As per the chart and accompanying
analysis, the Newsletter expected a rally to the next Fibonacci resistance at
1,369, followed by a bounce off the Fibonacci support at either 1,229 or 1,255
and an attempt to take out the previous high.
http://www.etfguide.com//contributor/UserFiles/8/Image/5%20-%20April%203%20TF.jpg
This
outlook was based purely on technical analysis with no regard for the deficit
problem or European debt woes (we'll take a look at an updated technical forecast
in a moment). The S&P did top at 1,370 on May 2. Thereafter it dropped to
1,259, and tried to take out the previous high (the S&P rallied as high as
1,356 on July 7and stumbled thereafter).
USA Inc. - Balance Sheet
If you
think the Income Statement looks bad, you may not want to look at the Balance
Sheet. Consensus estimates for unfunded obligations vary. Mary Meeker pegs the
shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to
be $75 trillion, while other estimates exceed $100 trillion.
The Deficit and Stocks
When
President Obama took office in January 2009, the federal debt was 70% of GDP or
$10 trillion. Today the deficit is close to 100% of GDP at $14.3
trillion. As per a recent AP report, President Obama had to scroll down
his demands and would now be content with a $2.4 trillion debt ceiling increase
to make it last beyond the 2012 elections.
No
doubt, the President would like the deficit issue put on hold until he's
re-elected. It seems like everyone has an agenda that takes priority over
solving the actual debt issue. The whole game could be summed up as White House
budget director Jack Lew put it: 'That all these ideas do is say let's kick the
can down the road so that others will deal with it.'
This,
by the way, is why the pre-election year of the Presidential election year
cycles has seen gains consistently since 1939, because the incumbent party will
do what it takes to remain in office longer.
A lose-lose Situation
The
drawback of the deficit situation is that there is no easy way out. The
government has to either cut spending (as in fewer benefits for Americans) or
increase revenue (as in higher taxes).
Pick
your poison. Either choice will kill the economy. Of course, you can extend and
pretend, which is probably what will end up happening. No matter how much lip
stick you have at your disposal, a pig remains a pig. The deficit is a big
(red) pig.
What
is worse, a $14.3 trillion deficit today, or a $16+ trillion deficit (according
to Obama's wish) in 2012? Debt is like gangrene, dry rot or mold, it doesn't
just go away, it gets worse (ask Greece, Ireland, Portugal or any of the other
PIIGS).
Eliminate Variables
Using
European (NYSEArca: VGK - News ) debt troubles as a benchmark, there
hasn't been a direct correlation between U.S. stocks and European debt. To
generalize this even further, there hasn't been a real correlation between the
U.S. deficit issue and U.S. stocks.
It was
in June 2009 that Greece admitted to having a 'small' problem. Stocks rallied
throughout the remainder of 2009, most of 2010 and some in 2011. The same is
true for the MSCI EAFE ETF (NYSEArca: EFA - News ) and Emerging Market ETF (NYSEArca: EEM - News ).
Admittedly,
the U.S. is a much bigger problem than the PIGGS, but the principal remains the
same - basing investment decisions on the outcome of debt negotiations is
tricky because the market has a mind of its own.
Since
early 2010, every single time the major indexes a la S&P (SNP: ^GSPC), Dow (DJI:
^DJI), and Nasdaq (Nasdaq: ^IXIC) sold off more than a few percent, it's been
blamed on Greece. What many don't consider is that the market was helplessly
overbought in January, and April 2010 and 2011 and due for a correction anyway.
It seems like Greece has been a scapegoat more often than the actual cause.
Perhaps it's a game of chicken and the egg. Which came first?
No Chicken-Egg Game
It has
been more beneficial and profitable to rely on solid technical analysis rather
than playing the chicken and egg game.
Technical
analysis along with sentiment readings pegged a market bottom of the same
degree at S&P 1,259 - 1,245. That was the opinion of the ETF Profit
Strategy Newsletter on June 15 (one day before the 1,258 bottom):
'The
200-day SMA at 1,257 is sandwiched between the 1,255 Fibonacci projection level
dating back to 2002 and this week's s1 at 1,259. Wednesday's low was at
1,261.9. If this low is not enough, there is a strong cluster of support at
1,259 - 1,245. A drop into the 1,259 - 1,245 range would prompt us to close out
short positions and leg into long positions' (long positions were closed out at
S&P 1,345 on July 7).
There
was no fundamental good news on June 15 or 16. Some of the headlines featured
on June 15 were:
'Is
the bull market over? A look at four different sentiment measures suggests that
more pain may await investors.' - Barrons
'Greek
default could trigger chain reaction' - AP
'Confidence
is eroding among U.S. factories, consumers' – Bloomberg …’
Financial Crisis Phase II Is
Ahead at Forbes Bert Dohmen ‘ In late 2007, I
wrote the book Prelude To Meltdown , predicting the
global crisis that occurred the following year. I now see a similar
confluence of events that warns of phase II of the global crisis.
Once
again I see all the “canaries in the mine,” which warned of the 2008 crisis.
My just released book, Financial
Apocalypse , provides the
clues and the road map, with charts, of how my indicators successfully
predicted the meltdown that occurred in the fall of 2008. This book is a guide
for detecting the next crisis whenever it occurs. History repeats, or at
minimum, it rhymes.
My
work shows that “the new recession has started.” The May 9 issue of the Wellington Letter was headlined: “Return of
the Double-Dip.” At the time, economists were looking for a great economy
in the second half. Now they talk about a “soft patch.” Over the past 33
years, we have called the start of every recession, often on the exact month,
or within one month, of the official start as determined one year later by the
official arbiter of recession, the National Bureau of Economic Research (NBER).
How
can we be in recession now when the GDP still shows growth? Because of improper
inflation adjustments. “Real” GDP growth, the headline number, is nominal
growth minus the rate of inflation. However, inflation is far understated for
political reasons.
Currently,
the GDP deflator is 1.8%, which hardly reflects the true rise in prices. Therefore,
what is counted as “growth,” is actually price increases. Actual inflation,
according to free market economists who calculate inflation as it was done in
1980 before the politician re-engineered it, is now more than 11%. Using that
to adjust GDP for inflation, would show that the economy is now in a very sharp
contraction.
When
the current euphoric earnings forecasts of Wall Street finally reflect that via
significant “earnings downgrades,” the stock market will see a serious
“adjustment” as well.
On
July 18, Goldman Sachs ( GS ) substantially
lowered its economic growth forecast. Marketwatch.com had this headline: Goldman Sachs slashes Economic Forecasts . The next step
will be for them to substantially reduce earnings forecasts for the S&P
500.
Will
the phase II be as bad as the 2008 crisis? The last crisis was confined to the
private sector, i.e. financial institutions. The next one will be involve the
threatened default of entire countries. The last time, the central banks bailed
out the financial firms and even Warren Buffett bailed out several firms. Who
is big enough to bail out entire countries? Or will the term of “too big to fail”
turn to “too big to bail?”
Bert Dohmen is editor of the Wellington Letter
3 Top Crooks Still Roaming
Free After the Economic Crash Wall St. Cheat Sheet July 25, 2011, The global economy and stock markets took a nose dive in
2008. But that hasn’t stopped some of the biggest masterminds from escaping a
day of luxury.
Here
are three financial crooks who are probably sipping daiquiris in
Capri at our expense:
Lehman Brothers CEO Richard S. Fuld, Jr.
Few
executives were as intimately and extensively involved in the downfall of their
firms as Dick Fuld . At the time
of the financial collapse, Fuld had worked for Lehman Brothers for nearly 40
years, and had been the firm’s chief executive since 1994. In that role, not
only was he the longest-tenured CEO on Wall Street at the time of the financial
crisis, but he was considered one of the best. He was named Institutional Investor magazine’s top
chief executive in the private sector in 2006. The following year, he was paid
more than $21 million in cash and stock on top of his base salary of $750,000 a
year after the bank’s
net profit rose 5% to a record $4.2 billion. And as recently as
March 2008, Barron’s listed him on their list of the 30 best CEOs, referring to
him as “Mr. Wall Street”.
When
the financial crisis hit, Fuld was one of the few executives to hold onto his
position. He counted himself responsible for the company, but didn’t realize
just how much real estate loans and other toxic assets were weighing on his
balance sheet. Instead, he remained confident in the firm that he helped grow
from a negative profit in 1993. His hubris can somewhat be understood, given
the firm hadn’t reported a single quarterly loss since it went public. But Fuld
was wrong. He overestimated the value of his firm, rejecting offers that could
have saved it from collapse because they didn’t adequately reflect what he felt
the firm was worth.
We
know that sub-prime mortgages were almost solely responsible for the financial
crisis, and a large part of the Wall Street’s fourth-largest investment bank’s
worth was held in its mortgage business, where mortgages were re-packaged and
sold to other investors, often for more than they were really worth. In fact,
Lehman was the top U.S. underwriter of mortgage bonds in 2006 and 2007,
accounting for roughly 10% of the market. As CEO, Fuld was responsible for
buying those assets, which ultimately became toxic and impossible to unload.
But whether or not Fuld can be held wholly responsible for the firm’s loan practices,
he can be held responsible for the firm’s bankruptcy. As late as August 2008,
after many CEOs had already been forced to resign, he rejected an offer by
state-run Korea Development Bank to buy a 25% stake in Lehman for $4 billion to
$6 billion.
There’s
no question that the firm Fuld helped build, that he’d been a part of since
1969, where he held the top position for 14 years, was criminally responsible
for the financial crisis. In fact, it may be the most culpable, given the sheer volume of
sub-prime mortgages underwritten by Lehman in the years leading up to the
market collapse. On September 15, Lehman became the largest firm to file for bankruptcy in history,
dealing a devastating blow to an already fragile financial system. A few weeks
later, Fuld was summoned to appear
before Congress as part of an inquisition. He was also investigated by
three United States Attorneys offices in New York and New Jersey. But
ultimately Fuld walked away from Lehman Brothers having pocketed nearly $500
million just in his last six years with the firm, years during which Lehman’s
sub-prime mortgage practice was contributing to what would ultimately cost
taxpayers $700 billion in a government-issued bank bailout program. Fuld was
never charged with or convicted of any crimes.
AIG Financial Products CEO Joseph J. Cassano
As a
founding member and head of AIG Financial Products, Joe Cassano was
responsible for selling hundreds of billions of dollars worth of credit
protection in the form of credit-default swaps (CDS) on U.S. sub-prime mortgages,
a form of insurance that didn’t require that AIG put down any form of
collateral. So when the financial crisis hit in 2008 and investment banks
requested the insurance money for their collapsing derivatives, AIG was unable
to pay what was owed and ultimately had to be bailed out by the government,
receiving about $170 billion in taxpayer money.
Cassano
resigned from his position at AIG FP in March 2008, having pocketed $280
million in cash and an additional $34 in bonuses. He even managed a $1 million-a-month
retirement package that kept him on at AIG as a “consultant”. Cassano even went
on record denying
any fault on the part of AIG, saying,
“We
believed until late 2005 that banks and other mortgage originators were
applying appropriate standards when writing mortgages. When we recognized —
well before many others — that changes in the mortgage market likely presented
increased risk for future deals, we decided to exit the subprime business. We
thought the decision was appropriate, despite the lost profits at the time.
With hindsight, the decision looks even more prudent.”
Cassano
went so far as to blame the bailout for losses on CDS contracts, saying there
would have been few, if any, had they not been unwound by the bailout.
Testifying before the Financial Crisis Inquiry Commission, Cassano fully
defended his firm’s CDS practices, outlining the careful approval and
monitoring system that, “specifically identified risk factors and provided an
analysis of those risks.” Cassano insisted that AIG had not miscalculated the
risks of sub-prime mortgages.
However,
Cassano was directly responsible for AIG’s credit-default swaps program that
put the firm’s many clients, including
Goldman Sachs , in danger when it was unable to pay out on insurance
claims. He essentially sold billions of dollars worth of vapor — he failed to
provide what had been paid for by the firm’s clients. That sounds remarkably
like fraud, the grounds upon which many investors have filed suit against
Cassano. In fact, regulators in both the U.S. and the U.K. investigated
Cassano’s acts to determine whether they had been criminal. But like just about
every executive responsible for the financial crisis, Cassano was not
ultimately charged with any wrongdoing, and remains a free man.
Countrywide Financial Chairman and CEO Angelo Mozilo
Ranked
second by Condé Nast Portfolio on their list
of the “Worst American CEOs of All Time”, Angelo Mozilo was charged in
2009 of insider trading and securities fraud by the U.S. Securities and
Exchange Commission. Mozilo personally sold hundreds of millions of dollars in
stock while using shareholder funds to buy back stock to support the share
price. He is also responsible for what has been termed the “ Friends
of Angelo ” VIP program under which several influential lawmakers,
including Senate Banking Committee Chairman Christopher Dodd, as well as many
Fannie Mae employees and other “Friends of Angelo”, received discounted
mortgages.
However,
Mozilo was allowed to settle with the SEC on all charges. He agreed to pay
$67.5 million in fines , the most ever exacted from an
individual in connection with the 2008 financial crisis, and he was banned from
ever serving as an officer or director of any other public company. Robert
Khuzami , director of the SEC’s Division of Enforcement, said
that “Mozilo’s record penalty is the fitting outcome for a corporate executive
who deliberately disregarded his duties to investors by concealing what he saw
from inside the executive suite.” But in settling, Mozilo was able to avoid a
trial and any subsequent criminal charges, and was not required to acknowledge
any wrongdoing.
Mozilo’s
net worth has been estimated at roughly $600 million. And because of the
indemnification agreement in his contract with Countrywide, the firm was responsible
for paying roughly one-third of his fines, leaving Mozilo with a bill of $47.5
million — that’s less than 10% of his worth. Aside from Bernie Madoff , the only
executive tied to the financial crisis to be criminally prosecuted and
convicted, Mozilo’s settlement is the greatest punishment inflicted on any
executive responsible for the country’s economic collapse, and falls
desperately short of true justice.’
Debt, Deficits and the Demise of the
American Economy' - Author Peter Tanous Discusses Risk
US Equities Forecast and the
Anticipated Path of the Market at Minyanville Peter Prudden July 25, 2011 ‘… the headline
risk remains to the downside and the bogey to lower equity prices in the short
to intermediate term is concentrated on the U.S. Debt ceiling. At some point,
not only must all developed economies deal with marking down to the level of
income, but we must restructure large amounts of excess leverage. Until we
accomplish this, growth will be problematic…’
Putin says U.S. is "parasite" on global
economy perma wars, over-printed debased ‘Weimar’
paper ‘reserve’ currency, huge frauds in securities and otherwise, etc.. ]
3 Reasons Why This
Summer Could Get Ugly Simon Maierhofer, July 29, 2011 [ Well, before getting to the article, we all know why:
because … ‘Sell in May, and go away!’ … Quite simple, as previously set forth
here and elsewhere, you should have ‘sold in May, and went away!’ Why? Because … as Rosanne Rosanna Danna formerly of SNL fame and as her mama always used to
say, ‘it’s always somethin’’ … but unfortunately, that somethin’ is not
necessarily what they say it is. ] ‘ It seems like the European Union and U.S. government are stuck in a never
ending game of Whac-A-Mole. It seems like more moles are popping up more
quickly, needing more force to be subdued (ironically the moles come back just
as the problems do)…’
Mapping the Myths of the U.S.
Economy - Stacy Curtin ‘In The Real State of America Atlas: Mapping the Myths and
Truths of the United States , authors Cynthia Enloe and Joni
Seager paint a vivid picture of life in the U.S., using a series of charts,
graphics and short essays that cover almost every aspect of the nation's
economy and society as a whole.
Not
only do they give state-by-state comparisons, they show how the U.S. measures
up to the rest of the world in areas such as health care, housing and defense.
But while analyzing what it's really like to live in the U.S. today, they also
uncovered a few "myths and truths" as the title of the book suggests.
Enloe
and Seager joined The Daily Ticker's Aaron Task to share three of the most
surprising misconceptions they uncovered.
#1 Land of Homeowners
The
dream of owning a home is actually more the reality in other countries. In the
book, the authors point to the most recent data, which show only 68% of
Americans owned their home in 2002, compared with 92% in Hungry, 84% in Mexico,
72% in the U.K. and 71% in Australia.
"One
of the things that is a cherished notion about America is we are a nation of
homeowners, and homeownership has long been seen as kind of the bedrock of the
American dream," says Seager. "I think the current economic crisis
and the housing crisis is really shaking that American cherished view of
ourselves as having easy access to homeownership."
This
is evident in another stat laid out in the book, which shows 83% of people
agreed that buying a home was a safe investment in 2003, compared with 70% in
2010. ( See: Why I Am Never Going to Own a
Home Again ) { Home ownership hits lowest level since 1965 NEW YORK (CNNMoney) Les Christie August 5, 2011 As the foreclosure crisis continues to wreak havoc on the
housing market, a source of national pride has taken a sour turn. Home
ownership is on the decline and, according to a recent Morgan Stanley report…’
}
#2 Land of Opportunity
Just
like the ideal of owning a home, opportunity in this country is now also on the
brink.
"Opportunity
in this country means a chance for an education … [and] a chance for a decent
job that allows you to have a decent life," says Enloe, who points to two
key factors that hinder people making it here in America.
The cost of a
college education continues to rise year after year.
The
unemployment rate remains high at 9.2%, but it doesn't factor in the millions
of "underemployed" workers -- those who are currently working
part-time but would like full-time work -- and discouraged workers who have
tired of looking for a job and have just dropped out of the job market.
#3 Land of Givers
While the U.S. does give more money in
foreign aid than any other country in the world, as a percentage of GDP it
falls way behind many other nations.
Whereas Sweden gives almost 1% of its
GDP in 2008, the U.S. gave 0.19%.
"I think it really should shake Americans'
self-perception of two things," says Enloe. "[One] is cutting foreign
aid actually the ticket to balancing the budget, but also how do we shape up
compared to other countries' generosity?" ’
Debt Deal Is A Blank Check at Forbes
U.S. Economic Pessimism Grows - Stacy Curtin ‘While Democrats and Republicans were arguing
over how to prevent the U.S. from a default, families across the country have
become increasingly concerned about the overall state of the economy, according
to the American Enterprise Institute's latest
compilation of recent polls taken in various regions.
Friday's
worse than expected GDP numbers only reaffirm this notion. The U.S. economy
grew less than expected in the second quarter at 1.3%, but the bigger shock
came after Q1 GDP was revised down to 0.4% from 1.9%. These numbers suggest the
country could be headed for another recession and Americans are definitely
feeling the pain. ( See: 2011 Is Proving to Be a
Horrible Year For the Economy )
One of
the most disconcerting findings in the AEI report is a CBS/New York Times poll
from June. It showed that over the last year, more Americans have come to
believe the current economic downturn is part of a long-term permanent decline
and that the economy will never fully recover. In October 2010, 28% of
respondents agreed with that statement, versus 39% last month.
"Americans
are so pessimistic about the economy now ... . And the level of public
pessimism is actually higher than the deep 1981-82 recession overall," due
to grim personal outlooks on a number of issues like jobs, retirement and
health care, says Karlyn Bowman , a senior
fellow at AEI who co-authored the report. "Their negative sentiments are
affecting the way they feel about their family's future, and interestingly, the
way they feel about their state governments. Usually negative attitudes about
the national government don't seep into attitudes about the state government,
but this time it is really different. This negative, gloomy mood is pervasive.
Speaker
of the House John Boehner echoed these concerns Thursday before one of the many
failed House votes to raise the country's debt ceiling. "This is a
challenging time for our country," he said. "Americans are worried
about their jobs. They're worried about our economy. And they're worried about
our debt."
Since
the polls in the report were conducted before the debt-ceiling debate really
began heating up over the last few weeks, one might conclude that if the same
questions were asked today the responses would be even more pessimistic.
Here
are other key findings from the AEI report:
Job anxiety : In the past six months, about 5% of Americans surveyed
had lost their job, two in 10 said a family member had lost a job, and six in
10 knew someone who lost a job.
In
June 2011, 58 percent were very or somewhat worried they could lose a job in
the next 12 months. Nearly eight in 10 say jobs are difficult to find where
they live. Around a quarter are worried about benefit or pay cuts.
Cutting back: Americans are cutting back on everything from health care
to haircuts. Fewer than four in 10 say their personal financial situation is in
excellent or good shape right now. Almost as many people say they are falling
behind as believe they are getting ahead, but the vast majority describe their
financial situation as having just enough money to maintain their standard of
living. Inflation worries are high and steady.
Retirement: There's been a dramatic drop in the number of Americans
who say they have enough money to retire. In 2002, around six in 10 believed
they would have enough money. In the latest survey by Gallup in April, only
about four in 10 say they will.’
10 Reasons We Are Heading for
a Recession
USAGOLD RoundTable: Debt
Ceiling “Resolution” – EU Sovereign Debt Crisis Aug 3rd, 2011
15:53 by News We’re pleased
to present our latest RoundTable video discussion with our staff experts George
Cooper, Peter Grant and Jonathan Kosares {Immediate access here Now that the
debt ceiling debate is over, and the dust is settling, the market is beginning
to get a picture of what, if anything, was accomplished, and can be expected
moving forward. The $2 trillion in cuts over ten years amounts to a small dent
in our annual deficit, suggesting that the U.S. will continue to increase its
debt to GDP ratio over the coming decade. The cuts suggested will merely slow,
not reverse, this trend. In the end, this debt deal is nothing more than a
giant kick of the can down the road, and a short road at that. The hike to the
debt ceiling looks to only buy about six months, so this issue is set to be
revisited next year. The market has digested this “resolution” as such, and
gold has responded sharply higher, rising $60 in two days. The DOW meanwhile
has come under significant pressure, shedding over 800 points in a week. Things
across the pond are not looking any better. The credit facility set up by the
ECB is insufficient at best, and contagion remains an enormous risk. Spreads on
sovereign debt in Italy, Spain, Greece, Portugal and Ireland are at or near all
time highs. As talks of dramatically expanding the credit facility heat up,
we’re left to wonder if its even possible for Europe to “go big enough” to calm
market jitters. With Peter Grant, George Cooper, and Jonathan Kosares. (24 min)
The Daily Market Report Aug 1st, 2011
12:01 by PG
Relief? What Relief? http://www.usagold.com/cpmforum Late last night
when party leaders and the President announced that they had reached a
bipartisan deal that would allow the debt ceiling to be raised, gold dropped about
1%. Global stocks rallied in relief and briefly, ever so briefly, gold was out
of favor. However, as the details were revealed, doubts were reignited: Doubts
as to whether such legislation could actually make it to the President’s desk.
Doubts that the deal would avert a downgrade of US sovereign debt.While the CBO
scores the package as accomplishing $2.1 trillion in spending cuts over the
next 10-years, the CBO baseline also has the deficit rising $6.7 trillion over
the same period. The premise apparently being that we’re working our way to
actual cutting by cutting to slow the pace of the nation’s proliferate
spending. In actuality — and as evidenced below — that CBO baseline may prove
to be way too optimistic.What really lit an intraday fire under gold today was
the big miss on US July ISM, which plunged to 50.9. The market was expecting a
modest downtick to 55.0 from 55.3 in June. On the heals of last week’s much
weaker than expected quarterly GDP data, it has become abundantly apparent that
the US economy has slowed to just above stall-speed. David Rosenberg, chief
economist at Gluskin Sheff and Associates, noted last week that once the
economy slows to a growth rate of 1.6% it has proven historically to be a
“point of no return” and recession follows. With Q1 downgraded to just 0.36%
and Q2 an anemic 1.3% — and likely subject to future negative revision as well
— the writing may well be on the wall.The debt deal is a short-term kick of the
can that at least initially focuses on spending cuts. However, with no
mitigation of the uncertainties that have kept private capital sidelined for
the past two-years of the so-called recovery, there is little reason to think
that a more robust economy is just around the corner. In fact, the opposite may
be true. That realization, tipped in by the ISM data, has further escalated the
QE3 talk, which prompted gold to retest the record high set Friday at 1632.39.
Relief? What relief?If we get another negative surprise on Friday when July
nonfarm payrolls comes out, as the ISM employment index suggests we might, the
QE3 talk will intensify ever more in the weeks ahead of the Fed’s Jackson Hole
summit. Consensus on July payrolls are running around +100k, although we could
see some tempering of those expectations in light of the ISM data.Even with the
announcement of the debt ceiling deal, the dollar remains on the ropes, falling
to new record lows against the Swiss franc and the yen. If this deal makes it through both Houses of Congress and
is signed by the President, it is just another kick of the can — and a very
short one at that — down the road. And with the specter of yet another round of
quantitative easing hanging over the market, there is little incentive to buy
dollars. Now the BoJ is once again contemplating direct intervention in the
market, as I suspect the SNB is. If there are concerted efforts to slow the
rise of these currencies, it may make gold an even more alluring option.’
S&P downgrades US credit rating from AAA The United States has lost its sterling credit rating from Standard &
Poor's.
S&P Shocks the U.S. with Credit
Downgrade to AA+ from Prestigious AAA Rating Wall St. Cheat
Sheet August 5, 2011,
‘Standard
& Poor’s is out with an official downgrade of the U.S.
credit rating :
• We
have lowered our long-term sovereign credit rating on the United States of
America to ‘AA+’ from ‘AAA’ and affirmed the ‘A-1+’ short-term rating.
• We
have also removed both the short- and long-term ratings from CreditWatch
negative.
• The
downgrade reflects our opinion that the fiscal consolidation plan that Congress
and the Administration recently agreed to falls short of what, in our view,
would be necessary to stabilize the government’s medium-term debt dynamics.
• More
broadly, the downgrade reflects our view that the effectiveness, stability, and
predictability of American policymaking and political institutions have
weakened at a time of ongoing fiscal and economic challenges to a degree more
than we envisioned when we assigned a negative outlook to the rating on April
18, 2011.
•
Since then, we have changed our view of the difficulties in bridging the gulf
between the political parties over fiscal policy, which makes us pessimistic
about the capacity of Congress and the Administration to be able to leverage
their agreement this week into a broader fiscal consolidation plan that
stabilizes the government’s debt dynamics any time soon.
• The
outlook on the long-term rating is negative. We could lower the long-term rating
to ‘AA’ within the next two years if we see that less reduction in spending
than agreed to, higher interest rates, or new fiscal pressures during the
period result in a higher general government debt trajectory than we currently
assume in our base case.
Investing
Insights: Is the Debt Ceiling Raise
Bullish for Gold? ’
13 Reasons Why The U.S. Is Now
OFFICIALLY BANKRUPT Daily Bail | Stop the
budget lies; there are NO cuts. House passes bill to INCREASE spending by $7
trillion over the next 10 years. ATTENTION IDIOTS IN THE MAINSTREAM MEDIA
– Stop The Budget Lies – There Are NO Cuts – House Passes Bill To INCREASE
Spending By $7 Trillion Over The Next 10 Years
Lies, Damn Lies And Government Budgets
I am
so pissed off by the misreporting I could spit
Ken Lewis hairballs.
#1)
Corporate journalists and financial pundits know NOTHING about budgets.
#2)
The Boehner led House passed legislation this evening that INCREASES spending by $7
TRILLION over the next ten years versus a baseline budget that
would have increased spending by $9.5 TRILLION over the same period.
#3) CBO said today that LESS than
2% of the decrease in the GROWTH of spending will come before the 2012
elections. The remainder come after the election.
#4)
Defense and war machine spending will grow at 3% per year
instead of 4% per year.
#5)
This was nothing but an agreement to agree at a later date to look for
reductions in planned spending GROWTH.
#6) A Super
Congress will decide on a mix of tax increases and reductions in planned
spending growth to meet the targets at a later date.
#7) No one in Congress even
considered Ron Paul’s simple plan, now endorsed by Time Magazine as well as
liberal economist Dean Baker, to wipe out $1.6 trillion in fake debt owned by
the Federal Reserve. Debt that we owe to ourselves, that is
entirely legal to wipe away.
#8.) CBO says under this plan, the
national debt will INCREASE from $14.4 TRILLION currently to more than $25
TRILLION over the next 10 years.
#9) The assumption for #8 above assumes
the economy grows at 3% per year over the next 10 years, and that Treasury
interest rates stay at historic lows. When rates increase, and bet your life
that they will, interest on the debt will increase and so will annual deficits,
leading to a national debt much higher than the $25
TRILLION that CBO estimates.
#10) Regarding Treasury rates and
interest on the debt, get educated about a concept called ‘DURATION RISK.’
Turbo Geithner and his MENSA bed-fellows at Treasury have chosen to finance the
great majority of recent and future borrowing in short-term bills, which means
that they have to be rolled over frequently. This is perhaps the
least-discussed and most dangerous issue related to Treasury debt.
#11) If S&P or Moody’s has the
sack to downgrade the U.S. AAA rating, a Sovereign CDS default will be
triggered and Global Financial Armageddon will be unleashed.
#12) The bill passed by Boehner tonight
was the BEST they could do after 6 weeks of fighting.
#13) Due to #12, the United States is
officially f*cked.
Thank you and good night.’
US Closer to ‘Junk Bond’
Status Than Triple-A: Bove Aug 9th, 2011 14:41 by News August 9
(CNBC) — ‘ “You’ve got a company which is
losing about $1.4 trillion this year, probably will lose somewhere around a
trillion dollars over the next couple of years. It owes $14.4 trillion (and)
over the next five years that will get up to $20 trillion,” the Rochdale
Securities analyst said.“So there’s no likelihood whatsoever that this
particular company is able to pay down from its own resources the amount of
debt that it has, nor is there any likelihood that it’s going to get rid of its
deficit,” he added. “If that was a real company, of course, that would be a
junk bond.”“I still would expect to see a thousand-point down day at some point
in this market as people come to realize there has been a complete change in
the financial structure of the world,” he said’
If U.S. Slides Into Recession,
S&P 500 Could Drop To 830 at Forbes [The pervasively
corrupt, defacto bankrupt u.s. is already in recession (actually worse)! Financial Crisis Phase II Is
Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown , predicting the global crisis that occurred the following year. I now
see a similar confluence of events that warns of phase II of the global
crisis… My work shows that “the new recession has started.”… Over the past 33
years, we have called the start of every recession, often on the exact month,
or within one month, of the official start as determined one year later by the
official arbiter of recession, the National Bureau of Economic Research (NBER)…
However, inflation is far understated for political reasons. Currently, the GDP
deflator is 1.8%, which hardly reflects the true rise in prices. Therefore,
what is counted as “growth,” is actually price increases. Actual inflation,
according to free market economists who calculate inflation as it was done in
1980 before the politician re-engineered it, is now more than 11%. Using that
to adjust GDP for inflation, would show that the economy is now in a very sharp
contraction…’FLASHBACK HERE: Selling In May Is Very Good
Advice This Year Harding
Remember: Sell in May and
Go Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards:
Thinks the Market Could Fall 70%’ PRECHTER: We're Still In A
Massive Bear Market And Stocks Will Crash To New Lows Stock Market: 4 Current
Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling.
At 565 sells for every 1 buy, it’s never been higher. Why
The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P Poised For Dropoff, Says
Initial Jobless Claims Forbes / Maureen Farrell ]
3 Ring Circus: Geithner,
Buffett, and Obama Wall St. Cheat Sheet ‘… Treasury
Secretary Tim Geithner , who said last April that there was no risk the U.S.
could loose its AAA credit rating, voiced his thoughts on the downgrade.
He said, “ They’ve handled themselves very poorly, and they’ve shown a stunning
lack of knowledge about the basic U.S. fiscal budget math.” What exactly
are they misunderstanding? The U.S. is the largest debtor nation in the world,
and spending outlays vastly outnumber revenue. Geithner went on to say
that U.S. bonds were just as safe after the downgrade as before, and predicted
that China and investors would remain strong buyers of government debt.On
Monday morning, with stock futures heading sharply lower, Warren Buffett tried
to inject confidence into the financial markets. Buffett explained that
he believes the U.S. debt is still rated AAA, and the downgrade does not change
his mind about government debt. In fact, the legendary investor holds $47
billion in cash and equivalents as of June 30th. He said, “ If I have to
buy Treasuries at zero percent yield, I will.” At least the large cash
hoard shows that Buffett puts his money where his mouth is. However, one
also has to wonder if Buffett’s shareholdings in Moody’s , a rival credit
agency to S&P, has anything to do with his criticism of S&P. To
add fuel to the fire, S&P also cut Buffett’s Berkshire Hathaway outlook
from stable to negative.Not to be outdone by Warren Buffett’s AAA endorsement,
President Obama made a public announcement of his own on Monday. Despite
America’s financial hardship across the board, the President said, “ I’d give
U.S. a quadruple-A rating.” This was puzzling for many reasons ( besides
the fact there is no quadruple-A rating). America has a hard enough time
keeping its AA+ or AAA rating, let alone achieving some pipe dream quadruple-A
rating. S&P may be the credit agency causing controversy now, but
it’s not the only credit agency to downgrade America. China’s credit rating
agency Dagong , recently cut America’s debt rating from A+ to A, with a
negative outlook. Dagong had already cut America’s credit rating last
November from AA to A+ after QE2 was announced.By the end of Monday, it was
announced that the Senate banking committee had started a probe into the
downgrade actions of S&P. However, the damage is already done,
confidence is broken in the markets. Gold constantly reaching new highs
is a clear example of this. Perhaps the Senate banking committee should
probe Fitch and Moody’s and investigate why they still have AAA ratings on U.S.
debt?...’
Izabella Kaminska on Aug 09 2011
Thought the current turmoil was down to
the downgrade of US debt? Wrong!
According to Societe Generale’s uber
bear, Albert Edwards, this has absolutely nothing to do with S&P, the White
House, Tea Party etc. It’s the economy stupid:
The simple fact is that the global
economy is falling back into recession or indeed is already in recession. Equity markets
were sliding before the downgrade and bond yields were reacting as one would
have expected to the dire economic data. The S&P downgrade may have caused
the breach of critical support levels of 1250 on the S&P, but anything
could have caused that breach and triggered the technical rout. Expect some
sort of retest of this neckline before the market ultimately meets its date
with destiny.
Recent US GDP revisions revealed QE2 to
be an abject failure as far as producing an economic recovery is concerned with
dire 0.9% annualised growth reported in H1 2011. Yet to a man with a hammer,
everything is a nail. Hence despite rising core inflation, there is certainly a
level of economic and/or market pain to prompt QE3. But expect the real
fireworks to occur when the adrenalin rush of QE3 wears off even quicker than
QE2.
There are still some diehard ‘happy
clappies’ out there who think we are going to avert recession and the markets
will recover . Yet US GDP growth has now fallen below the wellknown 2%
stall speed, below which the economy does not seem to be able to regain
altitude but instead crashes directly into recession.
Which means it’s time to come to terms
with the fact that recession 2.0 (or was it ever really a recovery?) is on its
way whether you like it or not:
At the current (Q2) rate of 1.6% yoy GDP
growth, my fellow bear (realist?), David Rosenberg at Gluskin Sheff, points out
in the chart below that a US recession is almost certainly a done deal (never
say certain, as in 1956, when recession was temporarily averted for all of nine
months). But with this sort of record the onus is now on the
optimists to demonstrate why on earth they still believe in a second-half recovery
and growth in 2012.
Now, anyone who bought into the dulcet
tones of the bullish brigrade is likely to do very badly. A fact which will
come as hubris. In Edwards’ opinion if you were dumb enough to listen to that
story, well… you reap what you sow:
And in the same way that a country is
said to get the government it deserves, I believe the market gets the macro
commentators it deserves: i.e. perpetually bullish analysts, taking no personal
risk with their never-ending consensus chatter.
After all it was always pretty obvious
what was going to happen.
It was just a question of when, rather
than if:
Put into its proper Ice Age context, the
events of the past decade are entirely explicable. As we see a short-lived
economic recovery failing only two years into the cycle and a plunge back into
recession, we remind investors that this was exactly the Ice Age template that
Japan showed us. A fragile recovery undermined by private sector deleveraging
collapses as a semi-bankrupt government tries to rein in runaway deficits.
What next? Well, it’s Ice Age 3.
Here’s how it goes and this is very much
of the moment (especially if you are a London resident):
We are now entering the third phase of
the Ice Age when another cyclical failure combines with a secular de-rating of
equities and re-rating of government bonds. I and many others have been
pointing out for a long time now the simple fact that the global economy has
been living way beyond its means for years. A massive
transfer of income to the very rich has occurred while middle class real
incomes stagnated. The middle classes only tolerated this because Central
Bankers created housing booms to keep the impoverished middle classes borrowing
and spending to give them the illusion of prosperity and stop them from revolting.
I believe the Fed and Bank of England,
in particular, were wholly complicit in this ‘daylight robbery’ ( see link ). These
unsustainable private sector, debt mountains were transferred to the
public sector in 2008 to prevent the adjustment to the depression-era reality that
the debt unwind would undoubtedly have brought about. Yet, those debts are
as unsustainable in the hands of the public sector as they were in the
private sector.
Central bank polices haven’t changed
though. Print and print and print. And if that doesn’t work, print some more.
And as London burns, the point I have always made is that the US and UK are not
like Japan in one very special way. Although Japan suffered a decade of pain it
is a very homogenous, equal society. The UK and US are not. Some readers may
not know that rioting and looting has broken out around London. While I hear
the UK politicians denounce the looters as common criminals (which of course
they are), I can’t help but think that Louis XVI in 1789 and Tsar Nicolas II in
1917 might have said the same thing.
Crikey,
Here comes the revolution. Prepare.’
The Fed didn’t announce a new policy.
And despite what some press reports said, it didn’t even commit to keeping
rates low; all it did was say that if the economy stays weak, rates will stay
low — well, duh — and that it might think about doing other stuff one of these
days.
Durden is amazed :
Following a 600 point plunge in the DJIA
yesterday, today we see a 400 point surge following the presentation of the
weak case of the expected Bernanke Put. And completing the amazement, the 10
Year bond, moved to almost record lows, and then retraced virtually the entire
move, as nobody knows what central planning has in store for America any
longer. Additionally, after being up 50%, VIX is now down 22%. Congratulations
Ben: in taking central planning to n th double-down levels, you have now
broken not only the stock, but the bond market as well…’
Faber's Pessimism on the U.S. Downgrade 08/09/2011 By
EconMatters Markets
saw the worst day since the 2008 financial crisis on Monday, August 8th, the
first trading day since Standard & Poor's downgraded the United States'
credit rating. Under the weight of a possible twin crisis in Europe and in the
U.S., Dow Jones industrial plunged 634 points. Stocks have lost 15% of their
value in just two and a half weeks. On a day like this, who else other than
Marc Faber, publisher of the Gloom, Boom & Doom report, would be more
appropriate to appear on Bloomberg to talk about the aftermath of the U.S. debt
downgrade... Faber indicates a bear market already started on May 2, 2011…’
The 10 Most Indebted
Governments in the World
http://wallstcheatsheet.com/stocks/the-10-most-indebted-governments-in-the-world.html ‘…Coming in
first place is Japan ( NYSE:EWJ ), with a
whopping $13.795 trillion in debt, just short of the the $14.27 trillion in
debt the U.S. carries .. Coming in second against Japan in terms of its
debt-to-GDP ratio is Greece, where debt is a relatively low 139% of GDPHot
Feature: Who Owns U.S. Debt? Following Greece on the list is Italy ( NYSE:EWI ), then
Iceland, Belgium, Ireland, and the U.S. So why isn’t Japan enduring the same
kind of financial crisis that so many countries with significantly less debt
are currently facing? The answer is simple: Japan owes most of its debt to
itself. In comparison, the U.S. owes about 30% of its debt to foreign
investors, with China ( NYSE:FXI ) holding $1.1
billion in U.S. debt, more than any other country…’
Fear Index VIX Up 50%, And In Backwardation, Confirms
Fully Fledged Bear Market Volatility slapped markets in the face
on Monday, surging 50% in its biggest one-day move since February 2007.
Furthermore, the whole VIX futures curve has been inverted and is in
backwardation, indi...
The Entire World Is Going Bear
Market Business Insider | A scary aspect of this selloff:
There’s nowhere safe.
8 More Reasons
Why You Should Be Deeply Concerned That The U.S. Government Has Lost Its AAA
Credit Rating The Economic Collapse | Are you ready for part two of the
global financial collapse? When we examine this “deal” that way, what does it
look like? The Economic Collapse Aug 9, 2011
‘Are you ready for part two of the global financial collapse? Many now
fear that we may be on the verge of a repeat of 2008 after the events of the
last several days. On Friday, Standard & Poor’s stripped the U.S.
government of its AAA credit rating for the first time in history. World
financial markets had been anticipating a potential downgrade, but that still
didn’t stop panic from ensuing as this week began. On Monday, the
Dow Jones Industrial Average dropped 634.76 points, which represented a 5.5
percent plunge. It was the largest one day point decline and the largest
one day percentage decline since December 1, 2008. Overall, stocks have
fallen by about 15 percent over the past two weeks. When Standard &
Poor’s downgraded long-term U.S. government debt from AAA to AA+, it was just
one more indication that faith in the U.S. financial system is faltering.
Previously, U.S. government debt had a AAA rating from S&P continuously
since 1941, but now that streak is over. Nobody is quite sure what comes
next. We truly are in unprecedented territory. But one thing is for
sure – there is a lot of fear in the air right now.So exactly what caused
S&P to downgrade U.S. government debt?Well, it was the debt ceiling deal
that broke the camel’s back. According to S&P , the debt
ceiling deal “falls short of what, in our view, would be necessary to stabilize
the government’s medium-term debt dynamics.”As I have written about
previously, the debt ceiling deal was a complete and total joke, and
S&P realized this.Forget all of the huge figures that the mainstream media
has been throwing at you concerning this debt ceiling deal. The only
numbers that matter are for what happens before the next election.The only way
that the current debt ceiling deal will last beyond the 2012 election is if
Obama is still president, the Democrats still control the Senate and the Republicans
still control the House. If any of those things change, this deal ceiling
deal is dead as soon as the election is over.Even if all of those things remain
the same, there is still a very good chance that we would see dramatic changes
to the deal after the next election.So in evaluating this “deal”, the important
thing is to look at what is going to happen prior to the 2012 election.Well,
Barack Obama and the Democrats get the debt ceiling raised by over 2 trillion
dollars and will not have to worry about it again until after the 2012
election.The Republicans get 25 billion dollars in “savings” from spending
increases that will be cancelled.The “Super Congress” that is supposed to be
coming up with the second phase of the plan may propose some additional
“spending cuts” that would go into effect before the 2012 election, but that
seems unlikely.So in the final analysis, the Democrats won the debt ceiling
battle by a landslide.25 billion dollars is not even 1 percent of the federal
budget. The U.S. national
debt continues to spiral wildly out of control, and our
politicians could not even cut the budget by one percent.Somehow our
politicians believed that the rest of the world would be convinced that they
were serious about cutting the budget, but it turns out that global financial
markets are tired of getting fooled.It has gotten to the point where now even
the big credit rating agencies are being forced to do something. Not that
they really have much credibility left. Everyone still remembers all of
those AAA-rated mortgage-backed securities that imploded during the last
financial crisis. The reality is that the big credit rating agencies are
a bad joke at this point.Several smaller credit rating agencies have already
significantly slashed the credit rating of the U.S. government. But a lot
of pressure had been put on the “big three” to keep them in line.But now things
have gotten so ridiculous that S&P felt forced to make a move.Sadly, our
politicians are still trying to maintain the charade that everything is
okay. Barack
Obama says that financial markets “still believe our credit is
AAA and the world’s investors agree”.Once again, Barack Obama is dead wrong.The
truth is that the credit rating for the U.S. government should have been
slashed significantly a long time ago. This move by S&P was way, way
overdue.Moody’s might be the next one to issue a downgrade. At the
moment, Moody’s says that it will not be downgrading U.S. debt for now, but
Moody’s also says that it has serious doubts about the enforceability
of the “budget cuts” in the debt ceiling deal.This crisis is just
beginning. It is going to play out over time, and it is going to be very
messy.The following are 8 more reasons why you should be deeply concerned that
the U.S. government has lost its AAA credit rating….
#1 The U.S. dollar and U.S. government debt are at the very
heart of the global financial system. This credit rating downgrade just
doesn’t affect the United States – it literally shakes the financial
foundations of the entire world.
#2 As the stock market crashes, investors are flocking to
U.S. Treasuries right now. However, once the current panic is over the
U.S. could be faced with increased borrowing costs. The credit rating
downgrade is a signal to investors that they should be receiving a higher rate
of return for investing in U.S. government debt. If interest rates on
U.S. government debt do end up going up, that is going to make it more
expensive for the U.S. government to borrow money. The higher interest on
the national debt goes, the more difficult it is going to become to balance the
budget.
#3 We could literally see hundreds of other credit rating
downgrades now that long-term U.S. government debt has been downgraded.
For example, S&P has already slashed the credit ratings of Fannie Mae and
Freddie Mac from AAA to AA+. S&P has also already begun to downgrade
the credit ratings of states and municipalities. Nobody is quite sure
when we are going to see the dominoes stop falling, and this is not going to be
a good thing for the U.S. economy.
#4 10-year U.S. Treasuries are the basis for a whole lot of
other interest rates throughout our economy. If we see the rate for
10-year U.S. Treasuries go up significantly, it will suddenly become a lot more
expensive to get a car loan or a home loan.
#5 The current financial panic caused by this downgrade is
hitting financial stocks really hard. The big banks led the decline back
in 2008, and it looks like it might be happening again. Just check
out what CNN says happened to financial
stocks on Monday….
Financial stocks were among the hardest hit, with Bank of America (BAC,
Fortune 500) plunging 20%, and Citigroup (C, Fortune 500) and Morgan Stanley
(MS, Fortune 500) dropped roughly 15%.
#6 China is
freaking out. China’s official news agency says that
China “has every right now to demand the United States to address its
structural debt problems and ensure the safety of China’s dollar assets”.
If China starts dumping U.S. government debt that would make things a lot
worse.
#7 There are
already calls for the Federal Reserve to step in and do something. If the
U.S. economy drops into another recession, will we see more quantitative
easing? It seems like we have reached a point where the Fed is constantly
in “emergency mode”.
#8 The U.S.
national debt continues to get worse by the day. Just check out
what economics professor Laurence
J. Kotlikoff recently told NPR ….
“If you add up all the promises that have been made for spending
obligations, including defense expenditures, and you subtract all the taxes
that we expect to collect, the difference is $211 trillion. That’s the fiscal
gap”
Dick Cheney once said that “deficits
don’t matter”, but the truth is that all of the debt we have been piling up for
decades is now catching up with us.The United States is in such a huge amount
of financial trouble that it is hard to put into words. The days of easy
borrowing for the U.S government are starting to come to an end. We have
been living in the greatest debt bubble in the history of the world, and it has
fueled a tremendous amount of “prosperity”, but now the party is ending.
A whole lot of financial pain is on the
horizon. Please prepare for the hard times that are coming.’
Don't Fall For The Market's
Head Fakes at Forbes David Trainer ‘The market decline experienced
thus far is closer to its beginning rather than its end. Tuesday’s refreshing
market rise was likely just a flash in the pan.
There
is nothing that politicians or regulators can do to prevent the natural
price discovery that is critical to the long-term health of our capitalist
system.
The
market needs to go down again before it can sustain any future rise.
We simply
must deal with the loads of toxic and mis-allocated capital that our profligate
society has created over the past 20+ years.
Allow
me to explain how we got ourselves in this situation. The figure below highlights
the three successive stock market bubbles in just over 10 years. Compare
the size of these bubbles and the rise in stock prices over the last 25 years
compared to the prior 65 years. A simple trendline further accentuates
just how much stock prices have appreciated compared to historical
trends.
Figure 1: Historically Enormous Stock Market Bubbles Keep Coming Back
http://blog.newconstructs.com/wp-content/uploads/2011/08/figure1.jpg
Sources:
New Constructs, LLC and Ibbotson Ibbotson,
2010 Ibbotson Stocks, Bonds, Bills and Inflation Valuation Yearbook,
(Chicago: Morning Star, 2008), 228–229. *Large Cap Stocks as defined by Ibbotson
are the best comparison for the S&P 500, which did not exist as it does
today in 1926.
I am
not suggesting that stock prices should revert to the long-term trendline. I
fully appreciate the accelerating pace of innovation realized by our
society and its impact on standards of living and improved utilization of
resources.
There
is no question that we live in unprecedented times of prosperity and wealth
creation. And technology holds great promise for the future achievement of
mankind and will drive improvement in the standards of living around
the world.
The
problem is that we have gotten ahead of ourselves. By how much, I am not
sure. But I am sure that we are due a (lasting) correction in the stock market,
and the longer that correction is put off, the more painful it will be.
To
illustrate, let’s review what drove the last two market bubbles.
Tech bubble –
irrational exuberance about the value in tech stocks combined with rather
loose monetary policy pushed stocks and capital flows to ridiculously
high levels
Housing bubble
– lax lending standards, unscrupulous bankers, conflicted regulators, a
bottomless appetite for consumer spending and a seemingly infinite amount
of cheap money to finance consumption.
Now, let’s review what happened after
these bubbles burst.
After the tech
bubble: monetary policy remained highly accommodative and government
stimulus was aplenty
After the housing
bubble: monetary policy remained highly accommodative and government
stimulus was aplenty
See the response pattern? See how it
affected the markets?
It is as if the bubbles never burst.
Game back on. Like a high-school party, the music stops and everyone is quiet
when the cops show up. Someone convinces the cops that nothing unscrupulous
is going on and all will be calm and quiet. Then, as soon as the cop car is
out of sight, the music gets turned back on and the party goes harder.
What will be the response to the third
bubble that is forming?
That is the question that I think the
market is finally facing. The answer is not the same as before.
The government has run out of stimulus
and policy bullets.
Really, what else can politicians and
regulators do to engineer a soft landing, or should I say, another bubble.
Figure 1 shows that we never really
landed. We rocketed from one bubble to the next.
Let’s take a look at the options available
via the two main forces for stimulating economic recovery:
Fiscal policy
– given the federal, state and municipal debt and budget problems, another
round of stimulus spending or another TARP-like program is probably not
in the cards. The funds are simply not available. Not to mention, I do not
think another bailout plan would go over very well with tax-payers.
Monetary policy
– here we have three potential options.
Lower rates –
can they go any lower? The answer is not meaningfully lower unless the Federal
Reserve wants negative nominal rates. In addition, low interest rates undermine long-term economic growth
potential .
Extend QE2 to
QE3 – given that the point of QE2 was to keep interest rates, especially mortgage
rates low, I do not think additional quantitative easing in the form taken
so far would have much if any impact on rates given how lower they already are.
Moreover, driving oil and other commodity prices higher by further undermining
the value of the dollar is not exactly conducive to growth.
A new type of
QE3 – suppose the Fed were to purchase large amounts of assets other than
treasuries such as foreclosed homes. I think that action would likely spook
investors because it would signal that the carrying value of those homes
were too high. Otherwise, private investors would have already bought them
for their own portfolios. And bank stocks would sink as investors realize
that additional write-offs might be coming. The same reaction applies to any
other asset that the Fed might choose to take off private investors’ hands.
So, who is going to bail us out
this time?
My overriding message is that no one
should have bailed us out to begin with. The longer we avoid the painful
process of deleveraging and returning to a more deliberate and rational
mode of capital allocation, the more we delay the inevitable. The more we
shift the blame for our financial mistakes to the public sector, the deeper
the hole we must dig out of.
Which brings me to the next point: shifting
responsibility to the public sector, i.e. government, presents some very
serious problems and headwinds for future growth:
The government
is not bailing anyone out, taxpayers are. In essence, the government is
using hard-earned tax revenue to pay for the mistakes of certain members of
our society.
Moral hazard
is confused with moral obligation. Re-distribution of wealth to those that
are in genuine need of assistance from society is in our long-term best
interests. But moral obligation quickly becomes moral hazard when the
re-distribution applies to people who should, but prefer not to, care for
themselves.
When the people
who make mistakes do not pay for mistakes, they keep making them…bigger and
bigger. Can you say “mortgage back securities”?
We run out of
money. When capital from productive sources is siphoned away to subsidize
unproductive investments, capital is destroyed and never to be found
again. When there is less capital available for productive investments,
growth is forced to slow as are incomes and payrolls.
When growth
slows and jobs are not available, bad things happen. For an example of bad
things happening now, take a look at the riots in the streets in London .
Until we allow the natural price discovery
that unfettered markets are designed to provide, we continue to subsidize
unproductive investments. And the longer we subsidize unproductive
investments, the more wealth (and jobs) we destroy in the present and in the
future.
Sure, it feels better when the stock
market skyrockets, bank accounts are fat, growth is strong and the financial
future is bright. Wasn’t that what we got in the 1990s, then again in the first
decade of this century?
It cannot go on forever. Consider how
much the housing bubble was driven by too much borrowing? Though financing
might be cheap and easy to get for extended periods of time, there is not an
infinite supply.
At its core, borrowing is simply a
method of cashing in today on future earnings. The more we borrow against
future earnings, the less we have in the future.
Using borrowed funds to subsidize
unproductive investments only compounds and accelerates wealth
destruction.
Keynesian policies can be successful
in certain situations and for limited amounts of time, but they cannot be
sustained infinitely. Borrowing and spending by the government can help
the economy survive a soft patch or decrease the depth of a recession, but
it does not fix the underlying capital allocation problem.
Keynesian economic policies are
patches to economic problems, not fixes. If extended for too long, they only
make matters worse.
Before the housing bubble, the government
was levered to the hilt. After the housing bubble, consumers are also levered
to the hilt. Both are struggling to balance their checkbooks.
So who is left to bail us out? Only two
potential candidates: American corporations and foreign countries.
A quick survey of the status of the
other major economic powers is not exactly inspiring. China is slowing
growth to fight its inflation problems. The European Unions, well, they have
their own problems. Japan is not exactly prospering. In general, there are
few, if any, global economic bright spots. None are large enough to bail out
anyone.
There are many bright spots in corporate
America. Companies like Apple (AAPL-very
attractive rating), Google (GOOG-very
attractive rating), Microsoft (MSFT-very
attractive rating) and many others are as profitable as ever. Their returns
on capital rank among the very best in the world. They are shining examples
of capital realizing its highest and best use. For the country as a
whole, cash flow returns on assets are near all-time highs. Much of the recent
profits, however, have come at the expense of the consumer as wages have
grown much more slowly than profits.
Then, there are the banks. US banks
recently enjoyed the largest bailout in the history of the world. Further,
their profit margins have been subsidized by sustained low interest rates.
And yet, they are lending little money.
Is the problem that banks do not want
to lend or that there are not enough borrowers?
I think the answer is both. Many banks
are still carrying a great deal of toxic assets. With so much risk already on
their balance sheet, they cannot afford to take on more.
As for borrowers, the uncertain tax,
regulatory and economic outlooks are not exactly enticing entrepreneurs,
small and large businesses to take risk.
To summarize, there is no one left to
bail us out this time.
So, what happens next? We buckle down
and face the long hard road to true, not artificially subsidized recovery.
We recognize facts:
We cannot
spend more than what we make forever. Seems like an obvious statement, but
that is not how the United States has operated over the past several years.
We have wasted
lots of capital by subsidizing unproductive investments.
We have delayed
the process of creative destruction whereby unproductive investments are
replaced by productive investments.
Because of our
wastefulness and the delay in creative destruction, much time is required
to restore wealth back to the levels to which we have become accustomed.
We must rebuild
diligently, rationally and deliberately to ensure capital realizes its
highest and best use.
Kicking the
can down the road, Euro-style, only delays the inevitable and makes the problem worse.
Eventually,
we will be much better off than what we started.
In the meantime, the stock market and
economic activity will continue to suffer. No pain no gain.’
Stock Market Slide Is the
Latest Blow to the Middle Class The Daily Ticker Peter Gorenstein ‘Stocks
resumed their decline on Wednesday -- the third big drop in the last five
trading days. The Dow Jones Industrial Average closed down
520 points, or 4.6%. The S&P 500 fell 4.4% to
close at 1,121, while the Nasdaq was taken down
more than 101 points to the end the day at 2,381.In other words, Tuesday's
gains, in which the Dow jumped 430 points, are a distant memory.Stocks are on
track for their worst monthly drop since after the Lehman Brothers bankruptcy
in the fall of 2008. After making steady gains in their 401(k) plans since
then, average Americans are once again falling further behind on their
retirement goals. The recent drop in the market is making headlines, but as
Aaron Task and the Breakout team discuss in this clip, it's by no means the
only economic hardship facing the middle class -- it's just the latest. Here
are some other headlines you might have missed while you were watching your
portfolio shrink over the last few days.
HORRIFIC HOUSING MARKET
Existing
home sales fell 2.8% in the second quarter
compared to a year ago , according to the National Association
of Realtors. The number of home sales is also off, falling 5.4% from the
previous quarter and is down almost 13% compared to the sometime last year. At
this rate the housing market will continue to be a drag on the economy.
BACKDOOR BAILOUT FOR BANKS
Meanwhile,
as homeowner pain reaches new heights, it appears banks continue to receive
favorable treatment from the government. The Wall Street Journal reports Fannie Mae --
essentially a government entity (that by the way continues to receive billions
in taxpayer aid each quarter) -- just spent $500 million to buy the servicing
rights to a Bank of America ( BAC ) portfolio of
"seven million loans still causing the most problems." That's what
they call a backdoor bailout.Speaking of Bank of America, the stock continued
to mirror the pattern of steep sell-offs and furious rallies seen in the
broader market. This time, shares of BofA were down 10.9% to $6.77. A
conference call held by CEO Brian Moynihan with investors, led by Fairholme's
Bruce Berkowitz, didn't help the bank's cause. According to a summary of the call in the WSJ , Moynihan
pushed back against those who would question how he has performed while leading
the company, and he said BofA would not part ways with brokerage firm Merrill
Lynch. Additionally, he said there weren't "many days when I get up and
think positively about the Countrywide transaction in 2008."BofA bought
the big mortgage firm during the 2008 credit crisis, and it has been
responsible for a gigantic financial drag on the firm in the time since.
FED'S FOLLY
The
Federal Reserve on Tuesday said it will keep interest rates "exceptionally low" through the
middle of 2013. That and the possibility of more quantitative easing may
eventually reflate assets -- a good thing for stock portfolios. The problem is
the Fed's reaction to the crisis has and will continue to do little to improve
real economic conditions, such as stubbornly high unemployment, which remains
at 9.1% more than two years after the financial crisis. And, for those able to
save some money, the low interest rates aren't rewarding your bank accounts.
Add it all up, and unfortunately there's little to feel good about.’
Report: DOJ investigating
S&P's mortgage securities ratings Associated
Press The Justice Department is investigating whether the agency improperly
rated dozens of mortgage securities in the years leading up to the financial
crisis. (Washington Post) [ There you go … the retaliation … the long awaited
payback (quid pro quo -the no pros- witheld) for long overdue pervasively
corrupt, defacto bankrupt u.s. downgrade. They should be investigating
themselves, the SEC ( SEC
destroyed documents, senator says ) , among numerous other fraudulent, illegal schemes,
activities. SHARE YOUR OPINION ON THE DEBT
LIMIT The following is my comment to an LA Times article regarding a Justice
Department cover-up! As for your inquiry, all I think about day and night is a
long overdue resolution to the RICO litigation as set forth therein:
I believe him!
I truly empathize
with the ATF in terms of government cover-ups, notably by even the DOJ. You’ll
recognize some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has
dual citizenship with Italy), and some familiar crimes (ie., drug money
laundering, etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know
this about the following ATF Agents who were probably viewed as loose ends: Steve
Willis, Robert Williams, Todd McKeahan & Conway LeBleu: Died February 28, 1993 by
gunfire at Waco. All four were examined by a pathologist and died from
identical wounds to the left temple. All four had been body guards for Bill
Clinton, three while campaigning for President and when he was Governor of
Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]
Here’s some
real, complicit cover-up / fraud on the part of the federal government, et als:
October 15, 2010 (*see infra {ultimately delivered by UPS})
Steven M.
Martinez, Assistant Director In Charge
Los Angeles, CA
90024
Dear Sir:
I enclose
herewith 3 copies of the within DVD rom autorun disk (which will open in your
computer’s browser) as per your office’s request as made this day (the disk and
contents have been scanned by Avast, McAfee, and Norton which I’ve installed on
my computer to prevent viral attacks / infection and are without threat). I
also include 1 copy of the DVD as filed with the subject court as referenced
therein (which files are also included on the aforesaid 3 disks in a separate
folder named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the
RICO Act is a criminal statute which provides a civil remedy, including treble
damages and attorney fees, as an incentive for private prosecution of said
claims probably owing to the fact that the USDOJ seems somewhat overwhelmed and
in need of such assistance given the seriousness and prevalence of said
violations of law which have a corrupting influence on the process, and which
corruption is pervasive). A grievance complaint against Coan was also filed
concurrently with the subject action and held in abeyance pending resolution of
the action which was illegally dismissed without any supporting law and in
contravention of the Order of The Honorable Robert N. Chatigny, Chief Judge,
USDC, District Connecticut. The files below the horizontal rule are the
referenced documents as filed. (Owing to the damage to the financial interests
of both the U.S. and the District of Congresswoman Roybal-Allard, viz., Los
Angeles, the Qui Tam provisions of the Federal False Claims Act probably
would apply and I would absent resolution seek to refer the within to a firm
with expertise in that area of the law with which I am not familiar) .
The document in
5 pages under penalty of perjury I was asked to forward to the FBI office in
New Haven is probably the best and most concise summary of the case RICO
Summary to FBI Under Penalty of Perjury at Their Request (5
pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The
correspondence I received from the Congresswoman by way of email attachment
(apparent but typical problem with my mail) along with my response thereto is
included on the 3 disks as
fbicorrespondencereyes.htm . With regard to
the calls to the FBI’s LA and New Haven, CT offices: There was one call to the
LA office and I was referred to the Long Beach, CA office where I personally
met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of
the money laundering which he confirmed as indicative of same (he was
transferred from said office within approximately a month of said meeting and
his location was not disclosed to me upon inquiry). The matter was assigned to
FBI Agent Ron Barndollar and we remained in touch for in excess of a decade
until he abruptly retired (our last conversation prior to his retirement
related to the case and parenthetically, Rudy Giuliani whose father I stated
had been an enforcer for the mob to which he registered disbelief and requested
I prove it, which I did – he served 12 years in prison, aggravated
assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew
Maloney’s the one that prosecuted gotti).
In
contradistinction to the statement in said correspondence, there is a plethora
of information including evidence supporting the claims set forth in
the RICO VERIFIED COMPLAINT (see infra).
Such includes and as set forth in the case, inter alia,
A judgment had
been entered in my favor in the case, United States District Court Case
#3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of
$300,000 remains unaccounted for and which could be used for payment to
creditors, Los Angeles, etc..
Counsel Robert
Sullivan on my behalf documented by way of certification upon investigation
that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false
statement he predicated a retaliatory and spurious contempt proceeding against
me causing substantial damage, and for which he sought Judicial Notice of those
and related proceedings as did I in some of my filings.
The Order of
Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s
failure to file anything whatsoever by the court’s deadline causing creditors
and me substantial damages: [ Shiff Order of Dismissal With
Prejudice on Coan’s Failure to File
Page 1
Page 2
]
Defendant Coan
had filed an action against me to prevent me from suing him which necessitated
me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny,
Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief
as to Coan but precluded my action against Shiff (although there is no
immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a
case under Title 11, USC, etc.) . [ transcript in pertinent part
- http://albertpeia.com/crossexamofcoanbypeia.pdf ]
Newly appointed
judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case
despite the conflict of interest in light of hundreds of thousands of dollars
of illegal (drug) money being laundered through the Trump casinos by the RICO
defendants, and despite my motion to recuse her which motion she heard herself
and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to
join or file a separate motion to recuse and not long thereafter left said
office for private practice at Cole, Shotz, et als on retainer with the RICO
defendants as his primary client.
Probative and
evidentiary documents, affidavits, exhibits, including those turned over to FBI
Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney
Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in
Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said
documents and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with the
office, that the file/documents could not be located, and that there was no
further information available concerning contacting him or his location. I
thereupon delivered by hand, copies of said documents to the office of then
U.S. Attorney Alito, addressed to him, with assurance they would go directly to
him. In addition to being inept [ I
looked in on the one mob case he had brought, bungled, lost (accidently on
purpose?) since I was suing some mob-connected under RICO and the court (I had
known / previously met outside of court the judge Ackerman through a client)
was absolute bedlam and a total joke since incompetent corrupt Alito brought in
all 20 mob defendants (rather than prosecute one or a few to flip them first)
who feigning illness had beds/cots in the courtroom along with their moans
during testimony and had the jury in stitches. As much as I hate the mob, it
truly was funny, if not so tragic.], Alito is also corrupt
(and maybe corrupt because he is inept). After a reasonable (but still rather
short) time I called to determine the status and was told that Alito was no
longer with the Office of the U.S. Attorney, that he was (appointed) a federal
judge, and that neither the documents nor any file or record of same could be
located. Alito did parley the same / cover-up into quid pro quo direct lifetime
appointment to the Court of Appeals, 3 rd circuit,
despite the absence of judicial experience or successful tenure as U.S.
Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that now
sits on the purported highest court in the land. The real application of the
illegal rule ‘don’t ask, don’t tell’.
There is
applicable insurance / surety coverage and neither LA, nor creditors, nor I
should continue to have been damaged by this brazened corrupt and illegal
scenario, which should be resolved in accordance with the meaningful rules of
law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5 th Street, #404
Los Angeles, CA
90013
(213) 219-****
(cell phone)
(213) 622-3745
(listed land line but there are unresolved problems with the line, computer
connection may be the reason but I hesitate to chance greater non-performance /
worsening by their ‘fix’ so cell phone best for contact).{recent change
323-786-6651 -magic jack}
----------
*The foregoing
and as indicated therein was previously send 9-14-10 but delivery confirmation
was flawed as set forth below and my inquiries to the u.s. postal service
rebuffed (I believe tampered with inasmuch as your office could not locate
same). This cover letter (9-13-10) is on the 3 disks with navigable hyperlinks
to the subject files for ease of reference, including the files in the RICO
action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who
indicates once again that your office has not received the aforesaid and which
can reasonably be presumed to have been tampered with, and hence, a violation
of the federal statute concerning same. (Ultimately delivered by UPS) ]
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised
to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s
Blog / the grim economic reality
[ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has
promised to hold Wall Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
http://www.albertpeia.com
Sincerely and Regards,
Al Peia
Unions angry over Postal
Service cuts They said any move to break labor
contracts to lay off 120,000 would hurt the already ailing movement.
(Washington Post) [ I reiterate my call for the well managed, efficient, and
reliable company, UPS to take over the operation of the poorly managed,
inefficient, and unreliable USPS. Postal Service seeking 20
percent staff cut EXCLUSIVE | In cost-cutting bid,
USPS also proposes withdrawing employees from existing health and retirement
plans and creating its own benefit programs. Congress would need to sign off.
(Washington Post) [ I think it’s a great idea. Indeed, 50% would be
substantially better. Even better yet, UPS should take over their entire
operation. After all, UPS is well managed and efficient; and also, very
reliable. On the other hand, the USPS is poorly managed, inefficient, and very
unreliable:
----------
*The foregoing
and as indicated therein was previously send 9-14-10 but delivery confirmation
was flawed as set forth below and my inquiries to the u.s. postal service
rebuffed (I believe tampered with inasmuch as your office could not locate
same). This cover letter (9-13-10) is on the 3 disks with navigable hyperlinks
to the subject files for ease of reference, including the files in the RICO
action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who
indicates once again that your office has not received the aforesaid and which
can reasonably be presumed to have been tampered with, and hence, a violation
of the federal statute concerning same. (Ultimately delivered by UPS) ]
Five myths about the Dow What drives it
up and down? Is it a good market barometer? (Washington Post) [ Yeah! This is a
great topic which seems an age-old quandary manifesting in different forms at
different times. Indeed, in my evening MBA program studies at NYU, GBA (MBA
Finance, 1977) the ‘questions’ concerning the Dow from an investment
perspective were in no short supply (ie., from not being representative of the
market, to higher p/e multiples, to slower growth from mature companies, to
higher prices per share on an absolute basis, etc.). When asked why the Dow,
the Security Analysis Professor, Dr. Douglas Bellmore, an extremely successful
analyst / investor / author on finance in his own right, and head of the
research arm / department of an institutional wall street brokerage firm by
day, would respond simply by saying, ‘ he wasn’t interested in ‘buying the
market’ (cited were concerns of liquidity with his oft-repeated rhetorical
quip, ‘sell … to whom?’, which was often problematic to the substantial
downside then, particularly for Nasdaq / Over-the-counter’ issues which is far
less problematic today with computer efficiency undreamed of then (though also
now used for nefarious fraudulent purposes undreamed of then)[ I began my MBA
thesis with him and completed same owing to his vacation in the summer, 1977,
with the great, eloquent, and astute Economist / Professor, Dr. Robert Kavesh
(‘Economic Forecasting’ Butler and Kavesh – I had his course of the same name
as his book) since I was beginning law school evenings that fall. ] (
Interestingly, in the bond analysis portion of the course I asked whether you
can and should rely on the rating companies, predominantly S&P. He paused,
and said ‘that’s a good question’ – it was also the only time he said such of
my questions – then responded affirmatively, ‘yes, you can rely on them’
(different time, different place – I’m sure his answer would have been
substantially different today). The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! So
what’s changed of significance (other than the full moon and consequent effects
on the lunatic wall street frauds Train Reading: The Stock
Market Is Insane The Wall Street Journal
GE ‘all in’ on aviation deal
with China Challenge of
China: Put technology on the table — and keep some U.S. jobs — or miss the huge
market. (Washington Post) [ ‘Lotta weighin’ goin’ on! Riiiiight! Don’t make me
laugh! Is China Bad For The US Job
Market? at Forbes [ Duh! Ya think. Come on! Even rhetorically
there’s no real question here. There’s no upside nor room for discussion on
this point. Even when thinking they’re buying american, ie., apple, etc.,
they’re buying Chinese, Korean, Japanese, etc. (components); and yet, american
tech is still absolutely horrendous. And, let me add that the communist Chinese
are far from brilliant; one need only witness that Chinese leader standing with
‘lobotomy joe biden’ assuring all they’ll be no default … double duh! … as
pervasively corrupt, defacto bankrupt america’s printing those evermore
worthless dollars at warp speed. What dopes they are! Yes, like the
bureaucratic plutocracy americans the communist Chinese whose success is
measured in capitalistic terms are getting dumber and dumber like ‘their
american fiances’. ] Has China single handedly destroyed the U.S. job market?
[Not china, but rather those geniuses at the cia, nsa, corporate execs, the
bushes/poppy-san the former communist Chinese ambassador and that strategic
‘engagement’ thing. Wake up … smell the b***s***, not roses! ]
Rep. Waters to tea party: ‘Go
straight to hell’ (Washington Post)
[ Drudgereport: SANTORUM: 'maxine waters is vile' [ she’s worse than that,
and a total embarassment for america and california particularly! ] ... Maxine Waters: 'The tea party can go straight to
hell'... Tea Party fires back... MORGAN FREEMAN TELLS OBAMA TO 'GET PISSED OFF' [
sounds like a plan … ****** to ****** … the ****** plan! ] ... Obama Economists Admit: 'Stimulus' Cost $278,000 per
Job... Philadelphia extends curfew after flash mobs [ new
u.s. Christmas carol – ‘america’s beginning to look a lot like sub-saharan
africa, everywhere you go’ . They are beasts of burden at most who are a burden
to most at best … you’ll never change
them … Think about all those costly ‘make-work’ jobs that serve no real economic
purpose; ie., federal, state, local, uspostal service, etc.. And, they can’t
even do those jobs reliably, efficiently, effectively which is a drag on
civilized society! ] ...
Details of Obama’s jobs plan
emerge President is thinking about proposing tax cuts for
companies that hire workers, new spending for roads and construction, and other
measures that target the long-term unemployed, administration officials say.
(Washington Post) [ Oh come on! Too
little, too late for ‘wobama the b’ (for b***s***), the eternal campaign(er) …
he’s got a ‘good rap’ … that rapper ‘wobama the b’ (for b***s***). Really! He’s a total embarrassment out there
on the campaign trail; and just as much an embarrassment for those who turn out
to see him … maybe he’s somewhat of an allure as in a freak show. He’s a total
joke! To be finally talking jobs and things just before the election having
broken previous campaign promises in his failed role as ‘bush failure 3’. Even
his pension is undeserved so much a fraud is he! Black caucus: Tired of making
excuses for Obama [ They are not alone! ] Washington Examiner | A key member
of the Congressional Black Caucus says they don’t pressure President Obama
because he is loved by black voters. Obama ‘Takes
More Vacations Than Any Human Being I’ve Ever Seen’ Fox News |
“Here we have a country that really is going to hell in a handbasket.” Bus Tour Bust:
Obama’s Approval Plummets Back Into 30s, Says Gallup CNS News |
Obama’s politically charged but taxpayer funded bus tour through the Midwest
turned into a bust yesterday. Disapproval of
Congress Hits All Time High of 84% Paul Joseph Watson | Americans are
more upset with political leadership than ever before.
Drudgereport: BLACK CAUCUS ON OBAMA: 'WE'RE GETTING
TIRED' ]New low of 26% approve of Obama on
economy... Inflation builds... FOOD PRICES RISING... UNEMPLOYMENT UP... OBAMA TO LAY OUT JOBS PLAN -- AFTER VACATION... 'Takes More Vacations Than Any Human Being I've Ever
Seen'... Commiserates with jobless, then off to the
Vineyard...
Even that italian, belafonte, isn’t buying ‘wobama brand(ed)’:
Drudgereport: HARRY BELAFONTE: Obama 'has failed'... NOONAN: 'HE IS A LOSER'... GALLUP: 40% APPROVAL...
Obama takes debt battle to TWITTER, loses more than
33,000 followers... FARRAKHAN: 'THAT'S A MURDERER IN THE WHITE HOUSE'...
Most importantly, realize that if
wobama’s actions had not belied his words/campaign promises, the nation’s
position, though still ominous, would have been substantially improved. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has
promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s
Blog / the grim economic reality
[ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has
promised to hold Wall Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
European bank continues
bond-buying It has become the region’s “last resort” investor as it
tries to keep a lid on the rates paid by Italy, Spain. (Washington Post) [ Nothing succeeds quite
like failure in the ‘new west’. From people-killing, nation-bankrupting,
nation-destroying perma wars to QE’s to gimmicks to ‘warp speed’ currency
printing presses, the lock-step rush for the abyss like lemmings they’ve
become. Never mind that across the board, such as the aforementioned has
actually exacerbated the crisis / problems they were supposedly meant to solve.
This truly has become a ubiquitous scenario of the blind leading the blind;
with the blindest of all, viz., pervasively corrupt – defacto bankrupt america,
leading the charge (no pun intended – though their credit bears mentioning - 8 More Reasons Why You Should
Be Deeply Concerned That The U.S. Government Has Lost Its AAA Credit Rating The Economic
Collapse ‘… #8 The U.S.
national debt continues to get worse by the day. Just check out
what economics professor Laurence
J. Kotlikoff recently told NPR …. “If you add up all the promises that have been made for
spending obligations, including defense expenditures, and you subtract all the
taxes that we expect to collect, the difference is $211 trillion. That’s the
fiscal gap” ..’ Why You Shouldn't Buy Into
This Plunge Forbes/ O'Neil‘The market is building momentum
to the downside’). ! Italy unveils plan to calm
fears of escalating crisis (WP) [ Yeah, dem piigs were back in the news. ’ Dem PIIGS still
got problems. Europe’s debt crisis threatens
Italy (WP) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it here except the punch
line): ‘That’s black bart’s girl’. Pelosi: ‘We are not Greece’ ( but greecy Italy Italians voice concern
over Italian debt crisis scenario [ Whew! Close call! There you go. Nothing to
worry about now that wobama’s got a boehner … so not to be so hard on them; if
pelosi says it, it must be true … Not! …Pervasively corrupt, defacto bankrupt
america, they, she look pretty greecey to me. After all, if the same’s wobama’s
‘far-reaching plan on debt’, we all know ‘wobama the b’ (for b***s***) is total
b***s*** which means like Greecey PIIGS they’ll be back to the trough for more
… slop … py. Deficits And Stimulus Only
Delay The Inevitable Collapse Bob Chapman | America is
insolvent and has been so for a long time. US Is in Even Worse Shape
Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘ USA INCOME STATEMENT :Total federal spending in 2010 amounted to $3.456 trillion. Total
receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294
trillion.The 2011 federal budget is $3.7 trillion with a projected deficit
of$1.6 trillion. … USA BALANCE SHEET : Consensus estimates for unfunded obligations vary. Mary Meeker pegs the
shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to
be $75 trillion, while other estimates exceed $100 trillion (these amounts are
insurmountable) …’ ]
As investors panic, CEOs vote
with their wallets for local companies August has seen a historic uptick
in the number of corporate insiders buying shares of their companies.
(Washington Post) [ I’m now sorry I didn’t save the article that spoke to this
recent phenomena as being contraindicated and not a good sign but rather merely
a function of some recent fine print in new compensation plans constrained by
current and expected poor financial / economic results. Indeed, of greater
import is as pointed out by Navin just months ago: Stock Market: 4 Current
Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling.
At 565 sells for every 1 buy, it’s never been higher. Yes, it’s
normal for insiders to be selling some of their stocks so they can buy new
yachts and some of this is pre-planned. But that ratio — which has spiked
recently — is extraordinarily high, one might even say off-the-chart ‘ The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! Train Reading: The Stock
Market Is Insane The Wall Street Journal , Accounting Gimmics Resurface
as Growth Flounders at TheStreet ‘Rebekah Smith, director of financial advisory services at accounting and consulting firm GBQ consulting, says
accounting tricks and schemes are likely to start unraveling as we head into
2012 and the lag effect catches up. "The typical accounting fraud goes on
for about 18 to 26 months before it is uncovered. The frauds that took place in
2009 are not going to surface until later in 2011 or into 2012." ‘ ,
Morgan Stanley Biggest Welfare
Recipient as Federal Reserve Lent Banks $1.2 Trillion During Financial Crisis Wall St. Cheat
Sheet , Minyanville's T3 Daily Recap:
Market Gives Back Weekend Gains Amid US Bank Woes at Minyanville’ , Social Security disability on verge of insolvency ,
8-19-11 Welcome To The New Bear Market
For Stocks Forbes / Dow/Gold Ratio Lowest Since 1987
Crash , Ignore Buffett's Advice, Don't
Buy Stocks Forbes / The "Crimes" That
Wrecked The Markets Forbes / Lenzner , Tech Leading Market Lower The Wall
Street Journal , Banks closed in Fla, Ga, Ill;
2011 total is 68
, No Recession Coming ... It's
Already Here Previous:8-18-11 Stocks rally off lows to suck suckers
in and keep suckers sucked in on bad news ( Jobless Claims, Inflation Rise
More Than Expected CNBC) , fraud ( SEC
destroyed documents, senator says Crimes Wrecked The Markets ), and b***s***
alone! MKM Bracing For SPY To Drop 8%
More; Nasdaq Nearing August Lows Barrons.com, WHY NEW LOWS ARE LIKELY 8-18-11 Maierhofer, Is
It 2008 Again? Looking at the Summer Crash of 2011 Gayed ‘A real bear market has begun …’ , Abandon Ship ?[The USS Titanic] Yes, Because of These 5 Bearish
Icebergs ... McGill , There's A Recession Coming
According To The Data at Forbes ,
HP, Dell hammered as tech-spending outlook darkens JDSU,
NetApp, disappointing figures, shares hit hard in after-hours trade Dell
braces investors for a bumpy road Dell makes a case on why it can
better weather an upcoming storm , S&P says sell Google's shares after Motorola deal ,
STOCKS FALL AFTER FLOOD OF BAD
NEWS: Here's What You Need To Know
Joe Weisenthal , Stocks Slip On Concern Over Europe's
Debt, U.S. Data , Watch Out: 2011 Looks A Lot
Like The Market Top In 2007 Take A Lesson From 2007 And
Sell Stocks Now at Forbes, [video] Trader: We Could Test
1120 Lows at TheStreet.com
In a Downtrend, Sell a Rally (Daily FX) Latest: Economist Who
Predicted Market Crash Warns of 2012 Aftershock. See More Here. Famed economist predicts economic
calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50% unemployment, 90% stock
market drop, 100% inflation. See the Evidence
Oil prices and Gaddafi’s
potential fall? Any new Libyan government will need crude revenues, but
analysts warn against premature optimism. (Washington Post) [ Premature
optimism? How ‘bout total unreality owing to the over-printed, ever more
worthless so-called reserve currency, viz., the ‘dollar’. The ‘dow / gold’
ratio is illustrative of this reality-based problem which extends as well to
those heavily commissioned / traded paper shares. A Decade of Decline in Equity
Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582 (8-22-11/now 10885).
Therefore, the index has gained 11% (8-22-11/now lost 10+%) in the last ten
years…’ Yet, the inflationary dollar (declining) debasement rate was 31%.
(-31%) {See the inflation calculator infra – and that’s just the government
(inflation) numbers … reality is much worse!} Meanwhile, the frauds on wall
street are churnin’ and earnin’ like never before at lightning computerized
speeds enabling the high-frequency trades that are commissioned in unprecedented
large volumes; a big net negative in real economic terms.] Just another gimmick
/ diversion / obfuscation: The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! Train Reading: The Stock
Market Is Insane The Wall Street Journal , Accounting Gimmics Resurface
as Growth Flounders at TheStreet ‘Rebekah Smith, director of financial advisory services at accounting and consulting firm GBQ consulting, says
accounting tricks and schemes are likely to start unraveling as we head into
2012 and the lag effect catches up. "The typical accounting fraud goes on
for about 18 to 26 months before it is uncovered. The frauds that took place in
2009 are not going to surface until later in 2011 or into 2012." ‘ ,
Morgan Stanley Biggest Welfare
Recipient as Federal Reserve Lent Banks $1.2 Trillion During Financial Crisis Wall St. Cheat
Sheet , Minyanville's T3 Daily Recap:
Market Gives Back Weekend Gains Amid US Bank Woes at Minyanville’ , Social Security disability on verge of insolvency While Washington Fiddled The
Economy Burned at Forbes http://www.albertpeia.com/inflationcalculator.htm
http://www.albertpeia.com/wobamavoters.gif
Ahamed: What is the market
really telling us? (Washington Post)
[ Whatever it is, it ain’t good! Indeed, ‘the market’ in terms of communicating
anything must fall within the ambit of the term ‘brain-damaged’ at best, insane
at worst, with all the concomitant disabilities attendant thereto, including a
penchant for criminal, fraudulent activities to obfuscate in self-interested
fashion the damage attendant to their criminally insane, brain-damaged
condition for their own gain to almost everyone else’s detriment. ‘THE STOCK MARKET HAS LOST ITS MIND —
Bethany McLean in Slate Risk On! Do
the Fed, computer trading, and a few hedge funds rule the market? That might
explain why it's lost its mind. After the madness of last week and the
rollercoaster at the beginning of this week, the stock market recovered from
its Aug. 10 rout to bounce 423 points on Aug. 11. It was the fourth day in a
row in which the index moved by more than 400 points, which has never happened
before in history. As I write this, stock prices are leveling off, but the big
swings may not be over. Has the market gone mad? Actually, yes....’
Dow jumps 4 percent as markets
rebound A volatile day on Wall Street ends with a last-minute
rally that pared some of Monday’s historic losses and shrugged off an uncertain
outlook from the Fed. (Washington Post)
[ ‘Shrugged off’? So that’s what those lightning fast computer manipulated buy
programs are for. Who woulda’ thunk it? After all, it’s not as if ‘Atlas
Shrugged’ in this decimated, collapsing economy of this pervasively corrupt,
defacto bankrupt american nation / economy. Oh pshaw … that was just fiction;
ask former ‘objectivist’ Ayn Rand afficionado ‘senile alan greenspun’ who recommends
gettin’ those Weimar dollar printing presses rollin’ at warp speed which has in
large part helped to get the nation rollin’ to this forlorn point. Well,
‘senile alan greenspun’ can always say he was really meant to be that ‘cobol
programmer’ that he was and was meant to be.
The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed ! What changed from yesterday which warranted a more than
600 point plunge with paper stocks still over-valued and a 545 bounce off of
afternoon lows? Nothing! Absolutely nothing, yet a manipulated
computer-programmed churn-and-earn suckers’ rally based on fraud and b***s***
alone to keep suckers suckered, which makes for an especially great opportunity
to sell / take profits since there’s much, much worse to come! Famed economist
predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50% unemployment, 90% stock
market drop, 100% inflation. See the Evidence (Newsmax.com)
AAII Sentiment Survey:
Investors Remain Averse to Stocks Wall St. Cheat
Sheet
Not
all insider buying is created equal — Reformed
Broker
Is
there enough money to save the world’s banks? — Jonathan Weil at Bloomberg
Warren
Buffett is issuing bonds and buying stocks — Fortune
US
births declined in 2010 — Calculated
Risk
Efficient
markets in action — Paul
Krugman
Consumers
now need Treasury approval on all purchases over $50 — The
Onion
Report: Mutual Fund Outflows
In July Most Since End Of 2008 at Barrons.com
Is debt downgrade an alarm
bell for U.S.? (Washington
Post) [ Do bears s*** in the woods? Is the Pope Catholic? Is this question some
kind of a joke? I mean, duh! Ya think? I mean, if it isn’t, what could be?
After all, this was long in the making and the pressures applied to preclude
this long overdue downgrade were substantial. Yet, this mild slap on the wrist
was at once, charitable and a gift inasmuch as reality warrants far worse. 8 More Reasons
Why You Should Be Deeply Concerned That The U.S. Government Has Lost Its AAA
Credit Rating The Economic Collapse ‘… #8 The U.S.
national debt continues to get worse by the day. Just check out
what economics professor Laurence
J. Kotlikoff recently told NPR …. “If you add up all the promises that have been made for
spending obligations, including defense expenditures, and you subtract all the
taxes that we expect to collect, the difference is $211 trillion. That’s the
fiscal gap” ..’ Previous: Is this some parallel
universe where unfounded criticism is levied at S&P for the downgrade when
they’ve actually cut the pervasively corrupt, defacto bankrupt disunited states
a break by not rating what america truly is; viz., junk status for the paper /
liabilities / obligations that cannot and will not be paid (or the equivalent
vis-ŕ-vis what would be in worse than evermore worthless Weimar dollars or some
other ‘ponzi-like’ subterfuge, obfuscation). The amounts are insurmountable
going forward. They point to Moody’s and Fitch; yet, let’s not kid ourselves, S&P
is the ‘800 pound gorilla’ in this world among rating agencies and moody’s,
fitch have substantially diminished themselves as entities consistent with
their ‘mission and purpose’ and as well, their credibility. I mean, come on!
Consider the pressure that was and continues to be applied. Moody’s and fitch,
quite frankly, folded. China’s rating agency has already downgraded u.s. paper
and they’re ‘holding’ (huge amounts of that u.s. junk); and hence, against
their own interest. Wake up!
Stock markets rally on jobs
report In fourth day of
wild swings, markets surge amid mixed signals about direction of U.S. economy.
(Washington Post) [ The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! This an especially great opportunity to sell / take
profits, particularly if you missed Tuesday or May, since there’s much, much
worse to come! Thursday, Aug.11, 2011: what
changed from yesterday which warranted a more than 500 point plunge with paper
stocks still over-valued? Well, some bad news labeled as better than expected
1) 7,000 fewer jobless claims than expected (just a little over 1% better even
if you believe them – I don’t) 2) Cisco shows results ‘better than expected’ 3)
Record monthly trade deficit [ What Recovery? Forbes ‘we can’t call
this a recovery. There’s no reason to celebrate when a job report was better
than expected. Why? Because the expectation was abysmal to begin with.’ ‘Cisco
Systems Inc’s quarterly
results edged past Wall Street’s scaled-back expectations ...“They beat a low bar. A lot of it is coming from cost cutting, which
we anticipated. In that sense it’s a relief,” Joanna Makris of Mizuho
Securities USA told Reuters. ‘Cisco, which depends on government spending for
about a fifth of its revenue, said in July it would cut 15 percent of its workforce and sell a set-top box factory in Mexico .. Cisco bulls may underestimate tough road ahead Randewich.’ ]
World Bank warns against
future economic hardship Press TV | Zoellick
pointed out that the world is now involved in redesigning the international
financial system.
The World’s Money Is Draining
Away … Where’s It Going? Washington’s Blog | All of the monetary
and economic policy of the last 3 years has helped the wealthiest and penalized
everyone else.
Both Consumer Confidence And
The Labor Participation Rate Are At A 30 Year Low … That’s Not A Coincidence Washington’s
Blog | A new poll from Thomson Reuters and University of Michigan shows that
consumer confidence is the lowest its been for 30 years.
NATIONAL / WORLD
{scroll down to current date – today’s numerical day/headlines follows
headlines of continuing importance} [ or, go directly to today’s national/world
headlines ]
Compendium of
Important Business / National / World News / Topics / Articles / Headlines
http://albertpeia.com/articlelinkspage3.htm
Legendary Investor Jeremy
Grantham: America is a Banana Republic Washington’s
Blog | Just different bananas perhaps? [ Of course this is absolutely true!
And not just from the meaningfully lawless perspective – I had made such a statement
on the record in a LA Superior Court Appellate Dept. proceeding in which said
court literally ignored the law (the same is true of the costly, plushly
accoutered lifetime appointee federal courts) which corrupt courts should
indeed be abolished in these difficult economic / budgetary times.
Additionally, from pervasive corruption, to debased over-printed currency, to
gunboat diplomacy, to total incompetence, etc., america is indeed a banana
republic at most.]
Poll: Obama Approval Hits
Lowest Ever Rasmussen | Only 19% of
the nation’s voters Strongly Approve of Obama’s performance as president.
Obama poll
numbers on economy hit new low AFP | The respected
Gallup organization’s findings showed the embattled president down 11 points
since mid-May. GALLUP: Americans satisfied
with ‘the way things are going’ — 11%! Gallup | Americans’
satisfaction with the way things are going in the United States has fallen back
to 11%.
Obama’s ratings sink to new lows - Public
pessimism about the direction of the country has jumped to its highest level in
nearly three years, erasing the sense of hope that followed President Obama’s
inauguration and pushing his approv...
Obama Approval
Hits Record Low Reuters | President Barack Obama’s
job approval ratings plunged to a new low ahead of his major economic speech
Thursday. CIA, MI6 and Mossad: Together
against Syria RT | The West is doing its best to destabilize the
situation in Syria.
Russia Warns US, Israel
against Attack on Iran Fars News Agency | Russian Foreign
Minister Sergei Lavrov warned the US and Israel against an attack on Iran,
cautioning that such a move would mean “a very serious mistake”.
Repeal of sodomy, bestiality
ban sparks fight on Defense bill The Hill | New Defense Authorization Bill
repeals a ban on sodomy and bestiality [ This country is so f***ed up! The
decline and fall! America mother of hoods and apple new york (n.j. metro)
fraudulent pie! Bestiality? What’s next? Legalized pedophilia? Ask p.s.
football’s ‘frolicking manchild’ sandusky! ]
NEW HEADLINES
Obama’s Signing
Statement on NDAA: I have the power to detain Americans… but I won’t Infowars | “I want to clarify that my
Administration will not authorize the indefinite military detention without
trial of American citizens.” [ Who could possibly be foolish enough to believe
even one word from jive-talking wobama the b for b***s***? He’s lied about
everything! There is not one thing he hasn’t lied about! He’s a pathetically
failed president! ]
Gen. Dempsey: Iran rational
actor, not after nukes Press TV | General
described any Israeli attack on Iran as “destabilizing.”
Pat Buchanan: 300 nukes in
Israel yet Iran a threat? RT | Islamic wars have brought
questionable benefit to the US over the last 20 years, former US presidential
advisor Pat Buchanan, author of Suicide of a Superpower, shared with RT. http://albertpeia.com/16reasonswhyonlyfoolssupportswaragainstIran.htm Would You
Support a War Against Iran If You Knew the True Facts?
5 Reasons Iran is NOT a Threat
to the U.S. Michael Edwards | Iran is next
unless the American people stop living in fear of manufactured threats.
USA #1? 40 Embarrassing Things
That America Is The Best In The World At http://albertpeia.com/40badthingsusa#1.htm
US Army
sergeant kills 16 in Afghan villages Moving from house to house, a
U.S. Army sergeant opened fire Sunday on Afghan villagers as they slept,
killing 16 people — mostly women and children — in an attack that reignited
fury at the U.S. presence following a wave of deadly protests over Americans
burning Qurans.
Massacre
suspect's lawyer: We expect the most severe charges A defense
lawyer for Staff Sgt. Robert Bales said Monday he expects his client to be
charged in the murder of 16 Afghans on Thursday.
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
Prisonplanet.com
| Alex runs down Sarkozy’s call to lock up people who dare surf “extremist”
websites on the web.
[ Little nicky is so pathetic and a testament to how far france has
fallen. Former ‘mossady’, this pro-zionist incompetent has really pulled france
down, including his affront by ejecting his French wife in favor of the
‘experienced’ italian carla bruni, while midstream in public office no less.
Like obama, he sounded like the ‘old biddies’ they are in plaintively
expressing their displeasure with the bloodthirsty incompetent war-monger
netanayahu (that ‘leave the microphone trick’). How pathetic for the world to
have such failed leadership. The problem is, as with Galileo, Copernicus, etc.,
what if the ‘extremists’ are right? All truth passes through three stages.
First, it is ridiculed. Second, it is violently opposed. Third, it is accepted
as being self-evident. --Arthur Schopenhauer
And, who determines what’s extreme? ] Obama: ‘If I
had a son, he’d look like Trayvon.’ Farrakhan Threatens 'Retaliation'… [ Retaliation? Can
you imagine the number of blacks that would have to be retaliated against based
upon the hushed reality of the prevalence of black on white crime? The blacks
should be careful what they wish for in playing that game because the facts
don’t break in their favor. ] ...
People have become weary of making up excuses for blacks (like obama,
holder, etc.). At some point, as now, people should not be timid about relating
the cold, unvarnished truth statistically / factually about blacks and,
ie., black on white violent crime,
etc..
From Pat Buchanan: As for racism, its ugliest manifestation
is in interracial crime, and especially interracial crimes of violence. Is
Barack Obama aware that while white criminals choose black victims 3 percent of
the time, black criminals choose white victims 45 percent of the time? Is
Barack aware that black-on-white rapes are 100 times more common than the
reverse, that black-on-white robberies were 139 times as common in the first
three years of this decade as the reverse? We have all heard ad nauseam from
the Rev. Al about Tawana Brawley, the Duke rape case and Jena. And all turned
out to be hoaxes. But about the epidemic of black assaults on whites that are
real, we hear nothing.
http://albertpeia.com/blackonwhitecrime.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
The reality is that blacks are an
insoluble problem wherever they are. That’s not going to ever change; not
make-shift/make-work jobs; not programs; not anything tried or to be tried;
hence, they must be treated as exactly that – problems – before a solution can
be derived and fashioned. ]
http://abclocal.go.com/kabc/story?section=news/local/los_angeles&id=8594147
http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm (KABC Photo) C alif. (KABC) – ‘ Sheriff's officials released the name of the man they say
shot and killed the owner of a computer shop in Lancaster.
The suspect was identified as 24-year-old Timothy
Johnson, described as being 6 feet 2 inches tall, weighing about 170 pounds
with a dark complexion (negro-black) and a closely shaved head.
Detectives say Johnson reportedly entered eChaps
Computers and More at 2007 W. Avenue K on Friday, shot and killed store owner
Reed Lewis Keith and left with stolen electronics in hand.
Johnson reportedly fled in a black, 1980s model four-door
car driven by an accomplice. Investigators said Johnson was wearing a black
hooded sweatshirt and a ski mask at the time of the robbery…’
Infowars.com | Now is the time to put an end to Obama’s treasonous
and tyrannical behavior.
Kurt Nimmo and Alex Jones | A call to action and an effort to
inform the public about the treason of Barack Obama.
http://albertpeia.com/impeachobama.htm
Kurt Nimmo and Alex Jones
We
can only win by launching Impeach Obama 2012. Whether or not we fully impeach
him, we are committed to rebuking these unconstitutional and criminal power
grabs and are determined to take the case to the court of public opinion.
–Alex
Jones
Film
director, producer, actor and writer Sean Stone has thrown his weight behind a
resolution introduced in the House last month by North Carolina Republican Walter
Jones . Resolution 107 states that should the president use
offensive military force without the authorization of Congress that such an act
would be “an impeachable high crime and misdemeanor.”
Article
I, Section 8, of the Constitution reserves exclusively for Congress the power
to declare war. Both Thomas
Jefferson and James Madison argued that the power to declare war
must reside in the legislative branch of government and the president will only
act as the commander-in-chief and direct the war after it is declared by
Congress.
“The
constitution supposes, what the history of all governments demonstrates, that
the executive is the branch of power most interested in war, and most prone to
it. It has accordingly with studied care vested the question of war in the
legislature,” Madison wrote.
In the
video, Stone notes Obama’s unconstitutional war on Libya was waged “despite the
fact that the United States was neither attacked, nor threatened for attack by
the nation of Libya.”
Secretary
of Defense Leon Panetta said during questioning by Senator
Jeff Sessions of Alabama that the Obama administration does not
believe Congress has the exclusive right to declare war and that the Pentagon
answers to the United Nations, not the people of the United States.
The
Obama administration “does not believe that the Congress has the exclusive
power to declare war,” Stone notes, and “accordingly the president should be impeached.”
Stone
also mentions Obama’s facilitation of the banker engineered 2008 “bailout” as
an additiojnal reason he should be tried for High Crimes and Misdemeanors and
impeached. Obama’s efforts worked in favor of the “consolidation of private
banks, many of
them in Europe .”
“There
was no investment of any meaningful type in the physical economy, there was no
protection of the American people,” Sean explains. “Rather, an illegal
commitment made on behalf of private banking interests, to commit the American
people to paying a debt that the American people did not accrue.”
He
rightly notes that Obama’s actions “represent the most clear violation of the
principal of the general welfare of the people in the preamble of the
Constitution of the United States.”
In
addition to setting the stage for the economic rape of the American people and
waging illegal and unconstitutional wars, Obama has committed a number of other
egregious violations of the Constitution.
Specifically,
Obama violated the Constitution’s Takings and Due Process Clauses when he
bullied the secured creditors of automaker Chrysler into accepting
30 cents on the dollar while politically connected labor unions and
preferential others received better deals.
In addition,
the Dodd-Frank
financial “reform” bill created the so-called Financial
Protection Bureau and Financial Stability Oversight Council, bureaucratic
monstrosities that are now engaged in unchecked and unconstitutional economic
action without consulting Congress. The Dodd-Frank bill also further empowers
the bankster’s preferred cartel , the Federal Reserve (which has engaged
in unconstitutional
activity for nearly a hundred years).
The
Obamacare mandate is the most obvious violation. “No list of President Obama’s
constitutional violations would be complete without including the requirement
that every American purchase health insurance, on penalty of civil fine. The
individual mandate is unprecedented and exceeds Congress’s power to regulate
interstate commerce. If it is allowed to stand, Congress will be able to impose
any kind of economic mandate as part of any kind of national regulatory scheme.
Fortunately, the Supreme Court has a chance to strike this down during its
current term,” writes Ilya
Shapiro , a Senior Fellow in Constitutional Studies, Cato
Institute.
Obama
signed into law the NDAA with a
provision allowing the military to indefinitely detain American citizens. “He will
forever be known as the president who signed indefinite detention without
charge or trial into law,” said the executive director of the ACLU, Anthony Romero .
Finally,
Obama may be tried and impeached for signing a large number of executive
orders. Article II of the Constitution provides the president with three
options when presented with legislation – do nothing, sign the bill, or veto it
in its entirety.
“Obama’s
use of signing statements has clearly shown his willingness to continue the George W. Bush
legacy – not only of torture and illegal detainment, but in the
dangerous trend of de facto rule by ‘executive fiat.’ Worse, such
signing statements put in place a precedent for future presidents to follow –
or expand upon,” writes Aaron
Dykes .
Obama
is definitely a renegade president in violation of the law. He is guilty of
treason and must be brought up on formal charges. The House must introduce a
resolution for impeachment and a trial must be held in the Senate…’
9-19-12
http://albertpeia.com/12factorsamericancitieshellholes.htm
http://albertpeia.com/americacursed.htm
Paul Joseph Watson | One of the biggest cover-ups in U.S.
political history. http://albertpeia.com/obamasfraudulentbirthcertificate.htm
http://albertpeia.com/americansickos.htm
http://albertpeia.com/12signsspainrecessiontodepression.htm
http://albertpeia.com/nytimessaysallusnewscensoredbygovt.htm
http://albertpeia.com/55percentamericansbelievegovernmentwilltakecareofthemindisaster.htm
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm }
http://endoftheamericandream.com
http://albertpeia.com/flashmobrobberrieslootingnormalinamerica.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/civilunrestishereandworstening.htm
http://albertpeia.com/willpambondibenextvpus.htm
Kurt Nimmo
{ I’m really constrained to interject my own direct
experience with the FBI here; and, I must say I do so lamentably. If you want
no real results vis-ŕ-vis organized crime which now extends to the upper
reaches, highest levels of the corrupt u.s. government, go to the FBI. I
discounted the new jersey FBI as just typical corrupt, mob infested jersey
which thinks in terms of discos/casinos. But, truth be told, they never ask the
‘tough’ questions of the biggest criminals; ie., the biggest wall street
frauds, cia connected illegal ‘drug ops’ (ops…riiiiight), federal judges ie.,
trump barry, shiff, alito, etc.; but, they did go after Martha Stewart in a
very big way over a $45,000 transaction. Wow! You can’t make this stuff up. I
also don’t believe their (understated) crime stats for even a second. I’m
beginning to feel foolish for having even put my full faith and trust in them,
much less the ‘federal (judicial) system’ who share the ‘same employer’; and,
despite my antipathy for the mob, probably would have fared ‘more fairly’ with
the mobsters directly who seem to have at least some sense of the magnitude of
the fraud involved and the pervasive corruption of the system and government
and maybe a semblance of honor in this nation of protracted decline. It never
would have occurred to me back when for me, such a choice/decision was
clear-cut and simple. Such a course as mine I no longer could recommend
inasmuch as there is little difference between state/government sponsored
crime/corruption and that perpetrated by other criminal elements, from my
direct experience with both, infra:
Debauchery: An American
specialty In the land of
Lindsay Lohan and Snooki, some federal workers reflect our culture all too
well. (Washington Post) [ Lindsay Lohan? Come on Mr. Milbank, hands off the low
hanging fruit. She’s totally harmless. Jersey ‘italian’ snooki? In mob infested
new jersey, who knows (one of the properties in my proceedings for which
surplus funds are unaccounted for was a 2 bedroom 1 and 1/2 bath condominium in
seaside heights, n.j.). But debauchery an american specialty? Another rare
instance wherein I agree with Mr. Milbank completely. 25 Signs That America Is A
Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics
held close to vest EXCLUSIVE |
Documents and interviews show FBI and Justice Department officials took steps
to control information uncovered by a task force designed to examine cases
involving discredited agents. Many defendants were never notified of flaws in
cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this. I’m
awaiting word from the FBI as to resolution, one way or the other, concerning
the RICO matters which have been systematically and corruptly covered up by the
government (executive, legislative, and judicial branches of the pervasively
corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . Never in my wildest dreams would I have believed the
level and extent of corruption and criminality within the ranks of the u.s.
government before embarking upon this costly quest for justice and simple
fairness consistent with clear law (infra, regarding the u.s. government’s direct
involvement in the illegal drug trade). In this civil RICO matter, there are no
innocent bystanders; but rather, perpetrators, accomplices, and
co-conspirators. When the fbi agent initially assigned to this matter
(Connecticut) abruptly resigned/retired shortly after a conversation, though
not central to my case, wherein I had said that rudy giuliani’s father had been
an (convicted) enforcer for the mob (served 12 years? in prison, aggravated
assault/manslaughter?) and then sent him documentation owing to his disbelief.
Though ultimately ineffectual vis-ŕ-vis my case, he was a likeable guy for whom
I had and still have regard. I then spoke with FBI Agent Jeff Rasey upon the
aforesaid agent’s departure who somewhat plaintively (‘my call being a burden’)
told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain
further. Could anyone tell me what that means? Initially, at new jersey’s FBI
office, I was ‘greeted’ by an FBI Agent who sarcastically asked me whether I
was ‘going to the disco that night’ (the documents including sworn statements
delivered to then u.s. attorney sam alito’s office in the same building
disappeared twice along with the initial assistant u.s. attorney Jonathan Lacey
with whom I had reviewed the documentary evidence, documents and their
probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf . We all can infer sam alito’s reward /
quid pro quo for his cover-up by his current position on the u.s. supreme
court. There was never a question as to maryanne trump barry’s
interest in corrupting the judicial process as related to her brother’s (trump)
casinos. Jersey city boy louis freeh, labeled by former Prosecutor Larry
Klaiman as the most corrupt FBI director ever (see infra, mueller seems no
different, and certainly holder’s impeachable actions and corrupt
behavior/cover-ups fit the mold, ie., fast and furious, race bias favoring blacks,
etc.) apparently covered up the RICO violations as sent to him, and, with
italian citizenship and lucrative insider deals fits the bill. The FBI Agent
Jeff Hayes of the Long Beach Office with whom I reviewed the RICO documents and
confirmed same as indicative of (drug) money laundering was transferred shortly
after meeting with him, as has been so of FBI Agent Bill Lewis (promoted to
Washington FBI headquarters) with whom I discussed the RICO matter and case
disks/dvd’s sent to the LA FBI office (they printed the documents thereon, as
per Agent Lewis), Steven Martinez, ADIC, here in Los Angeles (see infra). So,
as regards FBI flaws, coverup, etc., I have to believe it based on my own
experience and reasonable inference. I’m currently being ‘stonewalled’ by the
LA FBI office since the departure of FBI Agent Bill Lewis.
GOOGLE SEARCH – ‘LARRY
KLAYMAN, LOUIS FREEH CORRUPT’
archive.newsmax.com/articles/?a=2000/7/30/211047
Jul 31, 2000 – Judicial
Watch is a public-interest law firm that fights corruption in government. To read Larry
Klayman's letter to Louis Freeh , ...
www.judicialwatch.org/archive/newsletter/2003/0203b.shtml
... security," said JW
Chairman Larry Klayman . "His behavior stands in stark contrast to Louis Freeh , a man so corrupt he destroyed the office he led, ...
www.freedomwriter.com/issue20/am15.htm
“ Louis Freeh will finally have to answer in court for what he did to our clients. ...
answers,” stated Judicial Watch Chairman and General Counsel Larry Klayman . ...
www.infowars.com/jw_transcript.htm
Klayman, Larry, Chairman,
Judicial Watch ... My name is Larry
Klayman . ... interest group that
investigates and prosecutes government corruption and abuse.
...... They seized his computer – these are FBI agents at the direction of Louis Freeh , ...
www.judicialwatch.org/archive/2001/printer_921.shtml
May 3, 2001 – Because of
his corrupt behavior, Freeh was placed on
Judicial Watch's ... stated Judicial Watch Chairman and General Counsel Larry Klayman . ...
www.wnd.com/index.php?pageId=5374
May 27, 2000 – By Larry Klayman ... While Judicial Watch has asked FBI Director Louis Freeh to .... lawsuits against a corrupt and unrepentant Clinton-Gore ...
cryptome.org/trulock-v-fbi.htm
LOUIS J. FREEH , in his personal capacity; NEIL GALLAGHER, in his
No. ... COUNSEL ARGUED: Larry E. Klayman , JUDICIAL WATCH, INC., Washing- ton, D.C. ...
Review of flawed forensics
held close to vest EXCLUSIVE |
Documents and interviews show FBI and Justice Department officials took steps
to control information uncovered by a task force designed to examine cases
involving discredited agents. Many defendants were never notified of flaws in
cases. ‘Simply unconscionable’ (Washington Post) [ Well, I really have to say this. I’m
awaiting word from the FBI as to resolution, one way or the other, concerning
the RICO matters which have been systematically and corruptly covered up by the
government (executive, legislative, and judicial branches of the pervasively
corrupt, defacto bankrupt u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . Never in my wildest dreams would I have believed the
level and extent of corruption and criminality within the ranks of the u.s.
government before embarking upon this costly quest for justice and simple
fairness consistent with clear law (infra, regarding ie., the u.s. government’s
direct involvement in the illegal drug trade, etc.). In this civil RICO matter,
there are no innocent bystanders; but rather, perpetrators, accomplices, and
co-conspirators. When the fbi agent initially assigned to this matter
(Connecticut) abruptly resigned/retired shortly after a conversation, though
not central to my case, wherein I had said that rudy giuliani’s father had been
an (convicted) enforcer for the mob (served 12 years? in prison, aggravated
assault/manslaughter?) and then sent him documentation owing to his disbelief.
Though ultimately ineffectual vis-ŕ-vis my case, he was a likeable guy for whom
I had and still have regard. I then spoke with FBI Agent Jeff Rasey upon the
aforesaid agent’s departure who somewhat plaintively (‘my call being a burden’)
told me that ‘he was a Ford, and I was a Ferrari’, which he didn’t explain
further. Could anyone tell me what that means? Initially, at new jersey’s FBI
office, I was ‘greeted’ by an FBI Agent who sarcastically asked me whether I
was ‘going to the disco that night’ (the documents including sworn statements
delivered to then u.s. attorney sam alito’s office in the same building
disappeared twice along with the initial assistant u.s. attorney Jonathan Lacey
with whom I had reviewed the documentary evidence, documents and their
probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf . We all can infer sam alito’s reward /
quid pro quo for his cover-up by his current position on the u.s. supreme
court. There was never a question as to maryanne trump barry’s
interest in corrupting the judicial process as related to her brother’s (trump)
casinos. Jersey city by louis freeh, labeled by former Prosecutor Larry Klaiman
as the most corrupt FBI director ever (see infra, mueller seems no different,
and certainly holder’s impeachable actions and corrupt behavior/cover-ups fit
the mold, ie., fast and furious, race bias favoring blacks, etc.) apparently
covered up the RICO violations as sent to him, and, with italian citizenship
and lucrative insider deals fits the bill. The FBI Agent Jeff Hayes of the Long
Beach Office with whom I reviewed the RICO documents and confirmed same as
indicative of (drug) money laundering was transferred shortly after meeting
with him, as has been so of FBI Agent Bill Lewis (promoted to Washington FBI
headquarters) with whom I discussed the RICO matter and case disks/dvd’s sent
to the LA FBI office (they printed the documents thereon, as per Agent Lewis),
Steven Martinez, ADIC, here in Los Angeles (see infra). So, as regards FBI
flaws, coverup, etc., I have to believe it based on my own experience and
reasonable inference. I’m currently being ‘stonewalled’ by the LA FBI office
since the departure of FBI Agent Bill Lewis.
The following is my comment
to an LA Times article regarding a Justice Department cover-up! As for your
inquiry, all I think about day and night is a long overdue resolution to the
RICO litigation as set forth therein:
I believe him!
I truly empathize with the ATF in terms of
government cover-ups, notably by even the DOJ. You’ll recognize some familiar
names (ie., Alito, Trump, Freeh (Louis Freeh now has dual citizenship with
Italy), and some familiar crimes (ie., drug money laundering, etc. – real cash
cow for gov’t ops, bribes, etc.). [Did you know this about the following ATF
Agents who were probably viewed as loose ends: Steve
Willis, Robert Williams, Todd McKeahan & Conway LeBleu: Died February 28, 1993 by
gunfire at Waco. All four were examined by a pathologist and died from
identical wounds to the left temple. All four had been body guards for Bill
Clinton, three while campaigning for President and when he was Governor of
Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]
Here’s
some real, complicit cover-up / fraud on the part of the federal government, et
als:
October 15, 2010 (*see
infra {ultimately delivered by UPS})
Steven
M. Martinez, Assistant Director In Charge
Los
Angeles, CA 90024
Dear
Sir:
I enclose herewith 3 copies of the
within DVD rom autorun disk (which will open in your computer’s browser) as per
your office’s request as made this day (the disk and contents have been scanned
by Avast, McAfee, and Norton which I’ve installed on my computer to prevent
viral attacks / infection and are without threat). I also include 1 copy of the
DVD as filed with the subject court as referenced therein (which files are also
included on the aforesaid 3 disks in a separate folder named ‘112208opocoan’).
The (civil) RICO action (as you’re aware, the RICO Act is a criminal statute
which provides a civil remedy, including treble damages and attorney fees, as
an incentive for private prosecution of said claims probably owing to the fact
that the USDOJ seems somewhat overwhelmed and in need of such assistance given
the seriousness and prevalence of said violations of law which have a
corrupting influence on the process, and which corruption is pervasive). A
grievance complaint against Coan was also filed concurrently with the subject
action and held in abeyance pending resolution of the action which was
illegally dismissed without any supporting law and in contravention of the
Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam
provisions of the Federal False Claims
Act probably would apply and I would absent resolution seek to refer the within
to a firm with expertise in that area of the law with which I am not familiar) .
The document in 5 pages under penalty of
perjury I was asked to forward to the FBI office in New Haven is probably the
best and most concise summary of the case RICO Summary to FBI Under
Penalty of Perjury at Their Request (5 pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The
correspondence I received from the Congresswoman by way of email attachment
(apparent but typical problem with my mail) along with my response thereto is
included on the 3 disks as
fbicorrespondencereyes.htm . With regard to
the calls to the FBI’s LA and New Haven, CT offices: There was one call to the
LA office and I was referred to the Long Beach, CA office where I personally
met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of
the money laundering which he confirmed as indicative of same (he was
transferred from said office within approximately a month of said meeting and
his location was not disclosed to me upon inquiry). The matter was assigned to
FBI Agent Ron Barndollar and we remained in touch for in excess of a decade
until he abruptly retired (our last conversation prior to his retirement
related to the case and parenthetically, Rudy Giuliani whose father I stated
had been an enforcer for the mob to which he registered disbelief and requested
I prove it, which I did – he served 12 years in prison, aggravated
assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew
Maloney’s the one that prosecuted gotti).
In contradistinction to the statement in
said correspondence, there is a plethora of information including evidence
supporting the claims set forth in the RICO VERIFIED COMPLAINT (see infra). Such includes and as set forth in the
case, inter alia,
A judgment had been entered in my favor in the
case, United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin
Thompson), worth approximately now in excess of $300,000 remains unaccounted
for and which could be used for payment to creditors, Los Angeles, etc..
Counsel Robert Sullivan on my behalf documented by
way of certification upon investigation that Alan Shiff, USBCJ, had falsely
stated a dismissal upon which false statement he predicated a retaliatory and
spurious contempt proceeding against me causing substantial damage, and for
which he sought Judicial Notice of those and related proceedings as did I in
some of my filings.
The Order of Dismissal With Prejudice by Alan
Shiff, USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by
the court’s deadline causing creditors and me substantial damages:
[ Shiff Order of Dismissal With Prejudice on Coan’s Failure to
File Page
1
Page 2
]
Defendant Coan had filed an action against me to
prevent me from suing him which necessitated me to fly to Connecticut for a
hearing before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of
Connecticut, who denied Coan’s requested relief as to Coan but precluded my
action against Shiff (although there is no immunity, judicial or otherwise, for
criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) .
[ transcript in pertinent part - http://albertpeia.com/crossexamofcoanbypeia.pdf ]
Newly appointed judge,
Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case despite
the conflict of interest in light of hundreds of thousands of dollars of
illegal (drug) money being laundered through the Trump casinos by the RICO
defendants, and despite my motion to recuse her which motion she heard herself
and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to
join or file a separate motion to recuse and not long thereafter left said
office for private practice at Cole, Shotz, et als on retainer with the RICO
defendants as his primary client.
Probative and
evidentiary documents, affidavits, exhibits, including those turned over to FBI
Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney
Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in
Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said
documents and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with the
office, that the file/documents could not be located, and that there was no
further information available concerning contacting him or his location. I
thereupon delivered by hand, copies of said documents to the office of then
U.S. Attorney Alito, addressed to him, with assurance they would go directly to
him. In addition to being inept [ I looked in on the one mob case he had
brought, bungled, lost (accidently on purpose?) since I was suing some
mob-connected under RICO and the court (I had known / previously met outside of
court the judge Ackerman through a client) was absolute bedlam and a total joke
since incompetent corrupt Alito brought in all 20 mob defendants (rather than
prosecute one or a few to flip them first) who feigning illness had beds/cots
in the courtroom along with their moans during testimony and had the jury in
stitches. As much as I hate the mob, it truly was funny, if not so tragic.],
Alito is also corrupt (and maybe corrupt because he is inept).
After a reasonable (but still rather short) time I called to determine the
status and was told that Alito was no longer with the Office of the U.S.
Attorney, that he was (appointed) a federal judge, and that neither the
documents nor any file or record of same could be located. Alito did parley the
same / cover-up into quid pro quo direct lifetime appointment to the Court of
Appeals, 3 rd circuit, despite the absence of judicial
experience or successful tenure as U.S. Attorney (Maryanne Trump Barry as
well). This is the same Sam Alito that now sits on the purported highest court
in the land. The real application of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety coverage and
neither LA, nor creditors, nor I should continue to have been damaged by this
brazened corrupt and illegal scenario, which should be resolved in accordance
with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5 th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but there are unresolved
problems with the line, computer connection may be the reason but I hesitate to
chance greater non-performance / worsening by their ‘fix’ so cell phone best
for contact).{recent change 323-786-6651 -magic jack}
----------
*The foregoing and as
indicated therein was previously send 9-14-10 but delivery confirmation was
flawed as set forth below and my inquiries to the u.s. postal service rebuffed
(I believe tampered with inasmuch as your office could not locate same). This
cover letter (9-13-10) is on the 3 disks with navigable hyperlinks to the
subject files for ease of reference, including the files in the RICO action as
indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who indicates
once again that your office has not received the aforesaid and which can
reasonably be presumed to have been tampered with, and hence, a violation of
the federal statute concerning same. (Ultimately delivered by UPS) ]
FROM:
Rep. Lucille Roybal-Allard
TO:
[email protected]
Message flagged
Wednesday, November 16,
2011 8:48 AM
Dear Mr. Peia:
Thank you for being in touch. As
we continue the busy first session of the 112 th Congress, I want you
to know that I am grateful for the various times you have shared your thoughts
and concerns with me on different issues. Please be assured that your
voice is being heard and that your perspective helps me to better represent you
in Washington, D.C.
[ This is a reply to the
Congresswoman’s query among others included.]
11-5-11
Dear Congresswoman Roybal-Allard:
The Keynesian (economic)
approach, if ever a wise prescription for ‘economic doldrums’, euphemistically
speaking (there are articles/studies/data that dispute the purported
effectiveness of the widely hailed ‘Keynesian remedy’ during the prior great
depression), the ‘Keynesian way’ is certainly no longer a prudent approach
today in light of the insurmountable debt levels of nations worldwide and in
america particularly along with the concomitant over-printed, debased ‘paper
currencies’ to finance same. Quite simply, there simply is not enough real
value being created for redistribution, a situation exacerbated by the
parasitic lightening fast, computerized churn and earn high frequency trading
programs on fraudulent wall street (they should be prosecuted, jailed, fined,
and disgorgement imposed for extant frauds in the trillions now marked to
anything as per misguided legislated FASB rule change). [ America’s
debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke …The
government’s total indebtedness is $211 trillion ’. 43,454,601,693,238 Reasons Why
The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17, 2011 http://www.economist.com/content/global_debt_clock ] .This is the consequence of a structural shift
fed by greed and misguided policy and cannot be undone (transfer of productive
capacity to ie., China, etc., ‘the bell cannot be unrung’). That said which
militates against such an extension, this is an election year which
probabilities suggest makes highly likely the passage of the extension. I favor
your co-sponsored legislation and before the holidays simply in the name and
spirit of Christmas and for no other reason whatsoever. Below is a recent
comment to Opinion Writer Krauthammer’s ‘more war spending (Keynesian)
position’ and an article regarding the folly of same. Immediately following is
from my prior post to you concerning something of such manageable proportion
and well within the government’s ability to resolve (if the government can’t
accomplish this consistent with law and long overdue, then there isn’t anything
the government can accomplish), along with other comments to you for ease of
reference:
‘…As previously noted in a
prior message to you, I had previously spoken to FBI Agent Bill Lewis in
Washington who was recently promoted to the FBI Headquarters Office (D.C.) from
the FBI office here in LA, and who was to be out of the office for the two
weeks past. I’ll be contacting him given a reasonable time for him to ‘catch
up’, from being out of the office. While independent contractor richard coan is
ultimately the one to bear the burden of damages (there’s insurance and a
surety covering same), coan might allude to the prior default of the u.s.
government (assist. u.s. atty. robert i. lester miscounted / miscalculated the
time for filing an answer / response to the complaint upon service thereof,
also misstating the rule in open court before corrupt judge matz who
‘schmoozed’ things over (they both have the same employer), however incorrectly
according to the ‘law’. I ordered / bought a copy of the transcript of that
rather pathetic proceeding (posted in part on my website). In any event, regardless
who pays me, the amounts so paid would ultimately be recovered from coan, his
insurer/surety which amounts might even exceed the amount I’m willing to settle
at. [There is also a judgment (referenced in the correspondence to FBI ADIC
Martinez infra) that had been entered in my favor in the case, United States
District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth
approximately now in excess of $300,000 remains unaccounted for and which would
benefit Los Angeles, etc.; and then, of course as well, the substantial
damages. ] I’ve waited far too long for this matter to resolve, what should
have been resolved in accordance with clear law long ago; and, which would have
been resolved if not for typical u.s. corruption in the process; and, which is
well within the government’s ability to resolve. In my world and way of
thinking, results do count! I’ve included prior correspondence for ease of
reference…’
Sincerely,
Albert L. Peia
America also
leads in the illegal drug trade. In fact, many researchers reveal that
the war on drugs is only utilized to control and monopolize the illicit
drug trade. The US government has been caught multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now openly protects and transports opium from Afghanistan [ http://www.youtube.com/watch?v=ElEciFI0Pew ] . In fact, Global Research points out that in 2001, “according to UN
figures, opium production had fallen to 185 tons. Immediately following the
October 2001 US led invasion, production increased dramatically, regaining its
historical levels.” This month, the U.N. announced that Afghanistan now provides 93% of the
world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons. Although the
empire tries to keep it secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm
Drug war hypocrisy: drug
trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The
hypocrisy of the war on drugs is centers on the amount of drug trafficking that
benefits the CIA and international banking system. Natural News February 1, 2012 [ [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the
amount of drug trafficking that benefits the CIA and international banking
system. The son of a convicted notorious mobster, John Gotti Jr, when asked in
court if the family still dealt drugs cracked, “No, we can’t compete with the
government.”
The Criminal Banking Cartel's
End Game: A 100% Digital Monetary System
Posted by: smartknowledgeu Post date: 06/07/2012 The end game of this global
monetary crisis is the imposition of a 100% digital monetary system that would
permanently end what little economic freedoms we still retain today. Educate.
Resist. Fight... http://albertpeia.com/criminalcartel.htm { I agree with the thrust of this article which
I’ve yet to read in full; if only to emphasize that with a mouse
click/button/keystroke/enter you could easily be separated from your
money/wealth which is a formidable intimidating threat consistent with planned
subservience (and also facilitating manipulated fraud, etc.). And, don’t think
they wouldn’t do it, meaningless, arbitrarily enforced laws notwithstanding.
Don’t forget; government slugs all have the same employer. I experienced the
corruption first-hand: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm }
http://albertpeia.com/theywanttochipyou.htm
http://endoftheamericandream.com
http://albertpeia.com/65yroldwomanwithgunchasesoff5armedblackrobbers.htm
‘ In Garden Grove, California the other
day, a 65 year old woman with a gun chased 5 armed criminals out of her jewelry store . The video of this amazing
incident (posted below) is quite funny, but it also demonstrates a very serious
point. The streets of many of our largest cities are slowly but surely
being transformed into a
living hell as our society rots from the inside out. The
criminals are always going to have plenty of guns. If we have no way to
defend ourselves, then many of us will be at the mercy of the criminals.
For example, imagine what would have happened if those 5 armed robbers had
invaded her home at night? Without a gun, what could that 65 year old
woman have done? The best she could hope for is that the criminals would
take whatever they wanted and would not do any violence to her or to her
family. Of course the police would show up later and "take a
report", but the police would not be able to undo any of the damage that
the crooks had already done. This is especially true when it comes to
violence against women. You can always replace your possessions, but you
can never undo a sexual assault or a rape. America is being absolutely overrun by psychos these days, and if you don't have a gun
how in the world are you going to keep a pack of criminals from having their
way with you or with members of your family? I realize that is a very
disturbing thing to think about, but these are dark times that we are living
in. As society continues to fall apart we are going to see home invasions
because more twisted and more horrifying than ever before…’
Michael
Snyder | Do you remember when America was a place where you could attend a
public gathering without having to worry if a sociopath was going to set off a
bomb or start wildly shooting people?
http://albertpeia.com/psycopathssociopathsamericasocietalcollapse.htm
http://albertpeia.com/deadcropsdroughtwildfiresnewusnormal.htm
Kurt Nimmo | FBI has described “anti-government extremists” as
groups and individuals opposed to taxes and oppressive government regulations.
{ Oh, riiiiight! It’s the Constitution’s fault they are inept and corrupt;
perhaps corrupt as with sam alito, louis freeh, et als, because they are inept.
Never mind that they derive what powers they do have from that same
Constitution. Oh yes, I almost forgot … they got Martha Stewart … over a
$45,000 transaction. The biggest frauds, in and out of government, on wall
street, jon corzine, etc.; not so much … you know … that constitution thing …
it’ll thwart you every time! They are so full of s***! Take a look: What in the World Has Happened to the
FBI/DOJ? FBI Nazi Bikers Bust FBI Nazi
Group http://albertpeia.com/fbinazibikersbustfbinazibikers2.htm }
Approval of
Congress falls to all-time low
Romney: Obama is ‘running just to hang on to power’ Romney to Obama: ‘Take your
campaign of division and anger and hate back to Chicago’ [ Keep in mind, Chicago is an absolute
disaster; wobama’s kind of place! Chicago: 'The Deadliest Global
City'...
CHICAGOLAND COPS: Teens kill man in 'knock 'em down'
game...
Chicago police sergeant: 'Tribal warfare' on
streets... Comparable to Iraq, Afghanistan... CHICAGOLAND: 7-Year-Old Girl Gunned Down While
Selling Lemonade Outside Home...
UPDATE: Jesse Jackson Jr. being treated for bipolar
disorder... { Mayo
Clinic: Jackson has bipolar depression Wife: Rep. Jesse Jackson Jr. getting treatment but
'still very depressed'... Ethics investigation continues...
REPORT: Ill. state workers forced to attend Pelosi,
Jesse Jackson Jr. event on taxpayer dime... ]
TINA FROWN! Newsweek on wobama’s failed presidency – Newsweek relevant! http://albertpeia.com/hittheroadborackanddontyoucomebacknomorenomorenomorenomore.htm
You Tube | “I’m
thinking the worst. Civil unrest, civil disobedience, civil war maybe.”
Paul Joseph Watson | Veterans are
being targeted in aftermath of Homeland Security smear campaign.
Infowars.com | A book of
lies geared to cover up more lies.
http://albertpeia.com/binladendeathbookhoax.htm
Jon Voight
criticizes (liberal, pro-wobama biased) media at RNC
Blunt
Christie tells Republicans it's time to face fiscal truth - TAMPA,
Florida (Reuters) - New Jersey Governor Chris Christie accused Democrats of
refusing to tell Americans the truth about the depth of the country's deep
fiscal woes on Tuesday in a pugnacious...
{ I had no idea Gov. Christie
was a former federal prosecutor. Maybe he could find out what happened to asst.
us attorney Jonathon Lacey, the files/documents/exhibits etc., from as well,
former us attorney alito and fed judge maryanne trump barry, former us trustee
jeonard, etc. … http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm }
Ex-Democrat
Artur Davis: Obama has lost his ‘halo’
Houston Chronicle | There’s a heavy
price to be paid if you’re a Ron Paul support in Mitt Romney’s city. {
President Romney won fair and square, in a grueling process participated in by
ron paul himself, ron paul having since proved himself unworthy and even
senile. }
http://endoftheamericandream.com
http://albertpeia.com/ustreatsvetslikegarbage.htm
http://albertpeia.com/israeliranonvergeofwar.htm
http://albertpeia.com/wobamadeals.htm
5-31-13 Headlines { Scroll Down to Current Date }
It should be emphasized that the wobama
favored contraindicated QE’s and fiat paper currency printing/debasement IS a
policy for the wealthy that’s destroyed/is destroying the middle class! Wake
up! That’s reality!
Infowars.com | “We hope to
destroy your economy in the New Year.”
NRA LaPierre: Hollywood,
media, music, violent videos cause culture of violence... tragic scenario), along with the reality
that crime in america pays, and pays well, and is largely protected at the
highest levels. That said, I still oppose any and all censorship (a ‘slippery
slope’ in a country now as this, best not tread on) to the extent that’s
inferred from LaPierre’s cogent speech; though I believe it a stretch for
anyone to have reasonably gleaned that from his words so eloquently put. I read
the text of his entire speech as he made it. I believe he was correct in every
significant respect; importantly, and simply put, ‘bad guys (criminals) with
guns can only be stopped by good guys with guns’. Moreover, I would add that
criminals will always have (and have access to getting) guns. To strip the
good, the innocents of their like defense against same is insanity. I hearken
back to and reiterate the (famed NRA truism and) reality that it’s ‘people that
kill people’ and the numerous examples he gave of armed defense the only real,
true protection for those in need, as ie., children, etc., of protection from
the nefarious elements of our increasingly less than civilized society. } NRA’s Wrongheaded Response to Sandy Hook Violence Infowars.com | NRA Executive Vice President calls for more cops in schools and a
government database of the mentally ill.
{ The following ‘rebuttal’ from Infowars is not entirely unreasonable
but I believe relies too much on the presumption of sanity among the american
masses: ‘…LaPierre also announced a NRA model security program of armed
volunteers to guard schools. He said Rep. Asa Hutchison, R-Ark., will lead the
program for the lobbying organization. While the idea of armed citizen volunteers protecting schools is
reasonable, the call for adding more police is not. The presence of police in
public schools has created a number of problems – from tasering and handcuffing students to shooting them to death – in addition to fostering a prison-like environment [if the ‘shoe
fits’]. As for creating a government database of people suffering from mental
illness and then presumably denying them Second Amendment rights, this is a
dangerous idea begging for government abuse [as was so in the former communist
soviet union of old]. If the state is allowed to determine what mental illness
is and who suffers from it, large numbers of people will undoubtedly have their
right to own firearms denied (like veterans suffering from PTSD are denied their rights). It looks like the NRA is merely passing the
buck on this issue and once again relying on government to devise solutions
[this is an unfair criticism by infowars inasmuch as the NRA are not elected
officials although, truth be told, as evidenced in the past election, u.s.
elections are a total joke and are indeed ‘rigged’ – then there were as well
the unprecedented terrorist threats of violence/rioting by the typically
uncivilized niggers ( note that wobama, a nigger himself, registered no
objection to those threats and intimidation – the uncivilized niggers having
their way now with purported ‘civilized institutions’ – don’t forget the crime
stats wherein niggers are the undisputed leaders by far ) as well as voter fraud,
and incumbents did not want to rock their boat, aka ‘the uss titanic’ ]. The
solution to public school violence is really quite simple – citizens must be
fully empowered to exercise the right to self-protection and the protection of
their families (defense is a natural right that has nothing to do with the real
reason the Second Amendment was established). This right to self-protection
cannot be denied by “gun free zones” that are in essence self-defense free
zones…’ } Kurt Nimmo | Cuomo plans
to propose a package of draconian legislation during his State of the State
address next month. { Riiiiight! Preserving mob power! Only the various
multi-ethnic criminal mob groups in new york can have guns. Actually, the
cuomos have been doing such mob bidding for quite some time; particularly for
the guinea mob/crime families. From exclusives for the death penalty to guns
etc., the wops et als (huge wall street frauds included) under the cuomos have
maintained their nation-draining status quo shared control of new york (new
jersey, entire northeast, etc.) for quite some time. Shhhhh! Don’t say a word!
Nobody’s really looking! They really don’t want to look! They’re afraid to look
at and have to acknowledge what belies their raison d’etre. }
India reports 25 rapes in week following
Delhi gangrape IBNLive { See, as per the californication amerikan
jurisprudential scholar/jurist/judge, these 25 girls may not have realized it,
but, they really wanted it … you know, otherwise, as per the californication
jurisprudential scholar/jurist/judge these subconsciously consensual encounters
could not have happened because the body would ‘just say no’ to such liasons if
nonconsensual. There you go! … american jurisprudence has done it again as they
guide us through those dark, shadowy, murky areas of the law that would
otherwise label violent criminal rapists as violent criminal rapists. (We’re talking India here; but, violent rape
among a plethora of other substantial crimes including murder, huge protected
ie., wall street, etc., frauds, armed robberies, etc., are rampant in
pervasively corrupt, defacto bankrupt america.) India gang-rape suspects to face murder
charges (CBS/AP) NEW DELHI - Indian police charged six men with
murder on Saturday, hours after a woman who was gang-raped and beaten on a bus
in New Delhi nearly two weeks ago died in a Singapore hospital. { Clearly, says
the california-american jurist/jurisprudential scholar, this girl was not a
victim but really ‘wanted it’ and while she may have been screaming/saying
‘no’, she really meant ‘yes’ since otherwise her body wouldn’t have permitted
that rape (and beating) to happen. See … now that’s why we have professionally
educated/trained judges … to ‘split the pubic hairs’, so to speak … (that judge
should be forced to step down)} Calif. judge says a victims' bodies can
prevent rape CBS News SANTA ANA, Calif. A Southern California judge is being publicly admonished
for saying a rape victim "didn't put up a fight" during her assault and
that if someone doesn't want sexual intercourse, the body "will not permit
that to happen.” { Wow! Spoken like a true california american jurist. Well,
with violent rapes on the rise along with other serious violent among other
crimes in america and california particularly, and elections being what they
are, ‘might as well go with the flow’ might have been the ratio-decedendi.
After all, most violent criminals in america are closet pacifists/peace corp
members and if the body says yes or no but the mind subconsciously says yes,
only then will a rape happen (NOT!); and, no violent rapist would let a
LIVE/CONSCIOUS rape-resistor get in the way of implicit consensual rape. Wow! I
initially was going to quip, ‘he doesn’t get out much’; but, maybe he just ‘gets
out too much’. Wow! What more can anyone say! [ If the foregoing didn’t make
sense to you, that’s because the californication judge’s outrageous statement
is absolutely preposterous! ] }
SHRINK:
We are creating 'generation of deluded narcissists'... http://albertpeia.com/deludednarcissists.htm ‘…We must
beware of the toxic psychological impact of media and technology on children,
adolescents and young adults, particularly as it regards turning them into faux
celebrities—the equivalent of lead actors in their own fictionalized life
stories…’ Read more: http://www.foxnews.com/opinion/2013/01/08/are-raising-generation-deluded-narcissists/#ixzz2HXlpfElS Indeed, and america’s got the ‘perfect
(failed, like them) president’ for this deluded generation of of legends in
their own minds; viz., choom gang fantasizer in chief, wobama the b for b***
s***! Wobama’s Choom Gang Bangin’ { This brief video (11 mb) is
well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Obama's
Lucky Charms: A Hindu God In His Pocket, A Masonic Emblem, And A Ring That Says
"There Is No God Except Allah"
http://albertpeia.com/ohowweird.htm Why do our politicians have to be so
weird? { Why? Because in, ie., O’s case, he is weird. Homo/hetero,
Muslim/Hindu/Christian, for Wall Street/against Wall Street, prosecute/no
prosecute, war/no war, say one thing/do another, truth/no truth, etc.. wobama’s
gotten’ by on b***s*** and ‘special consideration’ alone, never having done
anything of substance in his entire life. Indeed, even his so-called
‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced
fantasies which reveal a psychogenic/dissociative amnesia that works well in
the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign
trail’ littered with the cowpies of stark reality. People owe themselves and
their children more than this grifter’s con which in numbers measures more than
the increased deficits of all the presidents since President General Eisenhower
combined to obfuscate his unequivocal failure. Drudgereport: UPDATE:
Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall!
This from the record holder for fundraisers, 151 and counting. Then there’s the
100 plus rounds of golf in addition to being famously over-vacationed while in
office. Did wobama expect that these things would in choom fashion magically
come to fruition while he was ‘workin on his tan’, golf swing, or shootin’
hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm
The point is that you don’t have to love
Romney but you at least have to like yourself in saying ‘NO!’ to more wobama
b***s*** which is all that he is. Have some self-respect. His grade is
unequivocally ‘F’ for failure, having failed to do as promised which
coincidentally is a direct cause among others of this debacle called america’s
dark obama years. All the talk/b***s*** cannot change that reality. } http://albertpeia.com/10waysobamakillingjobsinamerica.htm Wobama’s Choom Gang
Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Friday
Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End
Of My First Term In Office"
ZeroHedge.com Tyler Durden { Wobama the b
for b***s*** speaks … on the prior pre-election campaign trail ( The
Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm }
Mike Adams | Obama is going to march
America down the dark halls of history by following in the footsteps of Adolf
Hitler, Joseph Stalin, Mao Tse Tung.
Kurt Nimmo | Biden says
violating the Constitution is an act “worth taking.”
Aaron Dykes | The
politicians in Washington have shredded the Constitution and want Americans to
be defenseless slaves, disarmed and lower than even single-celled organisms.
The right to shoot tyrants, not deer { Let me just interject and say: The point is
that the arms are indeed not for the pupose of bringing down deer, but rather
an admonition to criminals everywhere who are illegally armed to the teeth (without
much resistance from the ‘anti-gun’ gov mob), ‘DON’T EVEN THINK ABOUT IT!’ }Andrew P. Napolitano | The Second
Amendment is the guarantee of freedom.
Infowars.com | The time has
come to hold the the president legally accountable for his long train of
unconstitutional abuses.
Alex Jones | For sedition against the
Constitution.
Kurt Nimmo | Executive
orders or actions considered “existential threat to this nation.”
Sheriff Mack: Constitutional Sheriffs Refusing to
Infringe on Gun Rights IS the Solution
Aaron Dykes | A growing
movement of sheriffs and law enforcement figures are refusing to participate in
disarmament.
Kurt Nimmo | The real
enemy is not al-Qaeda but Americans who believe in the Second Amendment.
Adan Salazar | Petition
calls attention to hypocritical double-standard pointed out in recent NRA ad.
Steve Watson | Kindergartner grilled for
three hours, forced to undergo psychological testing.
Alex Jones | Homeland
Security established to confiscate guns from the American people.
Infowars.com | Former cop
admits law will do little to nothing when it comes to crime and violence.
Kurt Nimmo | Rangel was
talking about the South’s widely held belief in the Second Amendment. Drudgereport: RANGEL:
'Some of the Southern Areas Have Cultures We Have to Overcome'...
Tony Cartalucci | Israel has conducted airstrikes in Syria based on
“suspicions” of chemical weapon transfers. { Yes, indeed! This was a somewhat
typical (and costly for the u.s. and the rest of the world) act of desperation
by the war crimes nation israel to keep the flames of war stoked in whatever
ways possible. The israelis thrive on chaos at other people’s expense/cost and
shed blood; and yet, they remain u.n. resolution/international law violators,
with 200+ illegal nukes to boot, with barely a peep from the world community as
they assume immoral authority to accuse other nations of their own lawless
ways. This world can no longer afford war crimes nation israel. } Netanyahu
Deploys 'Syrian' Iron-Dome As Israeli Minister Claims US Preparing 'Surgical'
Strikes Against Iran { Israel
warns of possible pre-emptive strike in Syria... Key
facility hit? Kissinger:
Iran nuclear crisis close... [ Kissinger Predicts Nuclear War with Iran { This would be a zionist wet dream come
true! And, a disaster for literally everyone else, particularly for pervasively
corrupt, defact bankrupt america whose prior orwellian pro-israeli moves have
not turned out well for anyone including america except for israel, the war
profiteers and the military industrial complex as warned against by the
underrated but great president General Eisenhower! } Kurt Nimmo |
Characterizes looming conflict as “a turning point in human history.” { Riiiiight! That along with other
pro-israeli, u.s.-bankrupting contraindicated positions. The israeli lobby
doesn’t even have to pay kissinger for such folly! How ‘bout the turning point
being the misguided balfour declaration and the subsequent existing 200+
illegal israeli nukes! } Video: Globalist Kingpin Predicts Nuclear War with Iran Prison
Planet.com | Globalist kingpin, renowned war criminal and Rockefeller
co-conspirator Henry Kissinger is talking up a nuclear conflagration. {
Riiiiight! That along with other pro-israeli, u.s.-bankrupting contraindicated
positions. The israeli lobby doesn’t even have to pay kissinger for such folly!
How ‘bout the turning point being the misguided balfour declaration and the
subsequent existing 200+ illegal israeli nukes! } ]
Paul Joseph Watson | “You will take my
ability to protect my Victoria from my cold dead hands”.
8,583 Dead
Americans http://www.wealthdaily.com Jeff
Siegel
America's Gun Violence Problem is NOT Gunshttp://albertpeia.com/usgunviolenceproblemisnotguns.htm
Washington
State Gun Bill is Unconstitutional http://www.wealthdaily.com Hide Your Guns! FEB 22 - JEFF SIEGEL Lawmakers in
Washington State propose unconstitutional regulations for gun owners, managing
to bypass two of the ten Bill of Rights Amendments.Paul Joseph Watson | Gun control
advocates claim historical gun grabs by tyrannical regimes are a “myth”.
Syrian Girl | While the
west and the Israeli lobby lectures Iran about human rights, it censors Press
TV from broadcasting in the west.
Who Gave North Korea Nukes In The First Place? Paul Joseph Watson | The U.S.
government and the CIA. http://albertpeia.com/usgavenokoreanukes.htm
5-31
Donna Anderson | You’re going
to be forced to buy it, whether you like it or not.
Adan Salazar | “They cut
the lock off, whoever it was that stole my weapon cut the lock off of my bag.”
Kit Daniels | Obama to
appease the U.N. over the Senate.
GiGi Erneta | How does
anyone build a healthy relationship with a bully?
Steve Watson | Then suspended for rest
of the year.
Donna Anderson | In the 2004
and 2008 elections, nine out 10 Muslim Americans voted for Democratic candidates.
Kurt Nimmo | Man McCain
supposedly met in war-torn Syria teamed up with al-Qaeda affiliate al-Nusra.
Paul Joseph Watson | Terrorist
make-up of Syrian opposition underscored once again.
Dick
Morris: Obama Must Have Been ‘Deeply Involved’ in IRS Targeting
newsmax.com | No chance Obama knew nothing of the IRS targeting
conservative groups.
Washington’s Blog | If We’re
“Fighting for Democracy”, than Why Are We Arming and Financially Supporting
Dictatorships throughout the Middle East?
Kit Daniels | Obama to
appease the U.N. over the Senate.
GiGi Erneta | How does
anyone build a healthy relationship with a bully?
Steve Watson | Then suspended for rest
of the year.
Geoffrey Ingersoll | The Defense
Advanced Research Projects Agency has a couple new videos out which show some
of the most advanced user control over the movement of prosthetic limbs.
Kurt Nimmo | Man McCain
supposedly met in war-torn Syria teamed up with al-Qaeda affiliate al-Nusra.
Prison Planet.com | Another
example of how police react when citizens do not obey commands.
Paul Joseph Watson | Terrorist
make-up of Syrian opposition underscored once again.
American Dream | Why does the Obama
administration treat our military veterans like human garbage?
Natural News | Bill Gates, vaccine
industry desperately trying to maintain vaccine myth through intimidation.
TIME FOR ERIC HOLDER TO STEP DOWN!
http://www.youtube.com/watch?v=pDkqdRTOG4k&feature=player_embedded
2013 list of America's best beaches Kid Rock, who is
launching a summer tour where most tickets are priced at $20, said he's holding
about 1,000 tickets from each show and reselling them to make up for the
cheaper regular price he's offering.
http://albertpeia.com/surveillancegrid.htm
Paul Joseph Watson | “Never
before revealed information” to be aired at press conference.
Robert
D. Cubby (Retired Police Captain) ‘ It was fitting and gratifying to see after 40 years, that piece of garbage
Joanne Chesimard FINALLY declared a terrorist and put on the most wanted list.
We knew that 40 years ago but it took this country that long to realize that,
yes, this country can produce terrorists capable and willing to kill its
citizens and police officers. Her and her group declared war on law enforcement
when she killed Werner Foster, NJ State Trooper on the Turnpike during that car
stop. Now to treat her like we treat all terrorists. Your days are numbered
bitch!!!!!!!!!!’ { I second that emotion
and agree 100%! }
{ SEAL TEAM 4
COMMANDING OFFICER BEST KNOWN FOR FINDING & THEN KILLING OSAMA BIN LADEN
COMMITS SUICIDE thelastgreatstand.com 25 members of the team who allegedly
killed Bin Laden are dead. No conspiracy theory there. Just the facts. You
decide. - “Bin Laden” Heroes Probably
Murderered to Keep Them Quiet ... Gordon Duff
Veterans Today
FLASHBACK: Eyewitness to OBL Raid Saw Helicopter Explode (TRANSCRIPT) [ As
indicated on this albertpeia.com website, I didn’t buy the administration’s
desperate and politically opportunist Osama event and still don’t buy it; and
further, I believe this! ] Veterans Today | TRANSCRIPT
of critical interview with Pakistani eyewitness to Bin Laden raid. Is this the
key to SEAL Team 6′s demise?
“Bin Laden”
Heroes Probably Murderered to Keep Them Quiet Gordon Duff
Veterans
Today August 7, 2011 | Some Possibly Killed in Abbottabad
Helicopter Crash Months Before. [ As indicated on this albertpeia.com website,
I didn’t buy the administration’s desperate and politically opportunist Osama
event and still don’t buy it; and further, I believe this! ] Today 31 NATO
troops, 20 of them Navy Seals from the Osama bin Laden operation died in what
is reported as a helicopter crash in Afghanistan.
‘The
chance of this story being true is almost nil. The chances of this being a
staged coverup is over 80%. We believe these people were murdered to silence
them. This is why.
We
have solid information on two areas:
1. Osama bin Laden died in 2001 as an active CIA employee and his body was
recovered in Afghanistan and taken to “the sand box.” We were told it was
frozen. We have so much verification from this, CIA, ISI, US military and top
officials. I have a direct confirmation from Bin Laden’s CIA handler who I grilled
mercilessly on this.
2. The Abbottabad operation involved numerous American deaths, witnessed,
bodies all over, a helicopter crash. (suppressed translated TV interview below)
These bodies were recovered by land vehicle from Islamabad and there was NO “successful”
bin Laden operation of any kind. There was and has been a CIA safe house in
Abbotabad where terror suspects were stored for years.
This gave the US several areas of severe
vulnerability. Generally, Navy Seals are the best people in the world at keeping
their mouths shut, these are real team players, as the term “Seal Team” belies.
We at VT were informed that the bin Laden operation was staged at this
time, a theatrical farce, to cover the exit of Secretary Gates, the move by
former CIA Director Leon Panetta into the DOD as Secretary of Defense and to
stem any heroic claims by new CIA Director Petraeus of killing the long dead
Osama bin Laden, the long frozen CIA operative.
Petraeus is a possible presidential
contender and had to be denied this “gift from heaven,” a fast track to the
oval office for sure.
Again,
I remind you, I went over specific meetings on bin Laden with his handlers,
getting every last detail. I have watched what has gone on, the continuing need
to vilify a long dead top CIA operative to provide residual cover for the Bush
administration…
The
reason? Bush and his cronies are all facing charges of war crimes, not just in
minor jurisdictions but heading for the ICC, putting them on the dock with
Gaddafi ( a far less harmful character).
As for
the timing of this incident? This we will work on. What we can easily surmise
is that some of the dead have been dead since their bodies were taken away from
the helicopter crash site in Abbotabad.
Who
would order such a thing? We are going to have to wait but we are going to find
out. However, we expected this, the timing is exactly as predicted. Read full
article ‘ }
Kurt Nimmo | Evidence
pointing at al-Qaeda will not derail globalist effort to take down Syria.
Washington’s Blog | All Empires Crash
Soon After They Reach Their Peak.
Ron Paul | It is not
surprising the Fed has decided to hand the American people more of the same
failed policies. But it is disappointing.
http://albertpeia.com/fedreserveshouldbeabolished.htm
Paul Joseph Watson | Jihadists
doing the dirty work of the very powers they claim to oppose.
Karzai
denies CIA cash bought support of Afghan warlords, asks US to continue payments { Riiiiight! And, you can take that to the
numbered Swiss (etc.) bank account … if karzai says it … it must be true … NOT!
… can you imagine what the ‘divvy-up party’ looks like … something like $1 for
karzai and $2 for us (cia) … perpetual fog of war is great for such ‘divvies’ …
recall the 360 tons of $100 bills flown into Iraq that literally disappeared
and is unaccounted for to this day … } RT | Karzai
denies CIA money was used to buy the support of warlords who could tip the
country into another civil war.
http://albertpeia.com/americanaziculture.htm
http://albertpeia.com/gospelcourtmartials.htm
EFF.ORG In our 638th issue:
UPDATES
MINILINKS
ANNOUNCEMENTS
You may have heard the rumors: key
staffers on the Hill say that the Senate is unlikely to take up CISPA, even
though it passed the House. But we're not out of the woods yet. The Senate is
going to be taking up some kind of cybersecurity legislation. We need to make
sure it's not the twin of CISPA, which would allow companies to bypass all
existing privacy law to spy on communications and pass sensitive user data to
the government. Now's the time to let your senator know that we won't tolerate
privacy-killing legislation under CISPA or any other name. Users can speak out
against the bill through our action center .
A new initiative -- the California
Taxpayer Access to Publicly Funded Research Act (AB 690) -- would give the
public access to hundreds of millions of dollars worth of research funded by
California residents. Right now, universities and research institutions are
forced to pay exorbitant amounts for knowledge they helped create -- and that
you helped underwrite. This bill would help fix that. Californians can take
action here .
The Federal Aviation Administration's
proposed privacy requirements for domestic drone test sites are not robust
enough to protect the public, EFF argues in its official comments filed with
the agency this week. Staff Attorney Jennifer Lynch outlines five key
recommendations to safeguard privacy and civil liberties while allowing
unmanned-aerial-system operators to explore the potentials of this emerging
technology.
EFF Updates The Disconcerting Details: How
Facebook Teams Up With Data Brokers to Show You Targeted Ads
Facebook’s new ad targeting program
works with four data brokers: Acxiom, Datalogix, Epsilon, and BlueKai.
Companies who want to advertise on Facebook can use the data controlled by
these data brokers to build custom groups and then show those groups targeted
ads on Facebook. Check out EFF's FAQ about the program and suggestions for protecting your privacy.
EFF Moves to Quash Subpoena in
Copyright Troll's Retaliatory Lawsuit
EFF filed a motion to quash a subpoena
from Prenda Law seeking the identity of the blogger behind Die Troll Die, a
website which for years has offered news and views on "porn trolls."
As we explained in our brief, Die Troll Die has a constitutional right to speak
its mind, and Prenda Law's claims of defamation are meritless.
The Only Thing the Broadcasting
Treaty Is Good For Is Crushing Innovation
The Broadcasting Treaty is a misguided
proposal that would create a new bundle of copyright-like controls for
broadcasters (including major media companies like NBC and Fox) that want to
prevent new forms of innovative technology from threatening their market
position.
EFF Fights to Protect Electronic
Reserves at College Libraries
In a long-running lawsuit, the
publishing world is demanding that libraries pay fees for excerpts they make
available digitally to students. In an amicus brief filed on behalf of several
national library associations, EFF argued that electronic reserves are
protected fair uses that benefit the public.
Another Lawsuit Threat Raises the
Question: Why Don't We Have a Federal Anti-SLAPP Law Yet?
Another innocent customer unfortunately
has been sued for defamation, simply for leaving a negative review of a company
on eBay. Cases like this reinforce the need for strong anti-SLAPP laws, which
provide remedies that allow innocent free speakers to quickly shoot down
frivolous lawsuits without having to worry about legal fees.
Civil Liberties Groups and
Companies Demand Congress Update Email Privacy Law
This week, with encouragement from a
wide range of companies and civil liberties groups like EFF, the Senate
Judiciary Committee passed a bill that would update email privacy law. The bill
is now ready to go to the full Senate for a vote.
miniLinks EPIC FOIA request reveals details
about government cybersecurity program
New documents obtained by EPIC in a
Freedom of Information Act lawsuit reveal a collaboration between the Defense
Department, the Department of Homeland Security, and private companies to allow
government monitoring of private Internet networks.
Online tracking debate heats up
The BBC wittily nails online-tracking
agencies such as BlueKai in a video featuring EFF's Technology Projects
Director Peter Eckersley.
Thousands of people tweet to Rep.
Mike Rogers
When Representative Mike Rogers
dismissed critics of his cybersecurity legislation as "14 year olds"
tweeting in a "basement," a campaign quickly went viral on Twitter in
which thousands of people tweeted at Rogers' account about how they're not 14,
not in a basement, but still very much opposed to CISPA.
Supported by Members Our members make it possible for EFF to
bring legal and technological expertise into crucial battles about online
rights. Whether defending free speech online or challenging unconstitutional
surveillance, your participation makes a difference. Every donation gives
technology users who value freedom online a stronger voice and more formidable
advocate.
If you aren't already, please consider
becoming an EFF member today.
Donate Today
Administrivia Editor: Rainey Reitman, Activism
Director [email protected]
EFFector is a publication of the
Electronic Frontier Foundation. eff.org
815 Eddy St San Francisco , CA 94109-7701 United States
EFF: Busting Myths from CISPA Supporters Supporters of CISPA, the so-called
"cybersecurity bill," have promoted it with craftily worded or just
plain misleading claims. To stop this type of misinformation -- and to stop
CISPA -- we urge you to tell your
members of Congress to stand up for privacy. We've collected some of the most egregious myths
put forward by CISPA supporters and explained why these claims are false. http://albertpeia.com/effstopcongressionaloppression.htm
Infowars.com | Clueless
actors and Hollywood liberals like Ford and Angelina Jolie are shills for the
global elite vegetables.
{
30
Population Control Quotes That Show That The Elite Truly Believe That Humans
Are A Plague Upon The Earth http://albertpeia.com/humanplagueonearth.htm , http://albertpeia.com/45signsamericatinyelitemajoritypoor.htm , Corporatism:
A System Of Control Designed By The Monopoly Men Of The Global Elite http://albertpeia.com/corporatistcontrol.htm , 29
Signs That The Elite Are Transforming Society Into A Total Domination Control
Grid http://albertpeia.com/dominationcontrolgrid.htm { First and foremost
clarification: There are no elite on this planet. The grim reality for this
planet is a dominant species descended from initially notochords, primitive
chordates, and relatively more recently, primitive apes. See generally, http://albertpeia.com/anthroindex1.htm , for a brief but sorrowful history of
man. } [ 12 Pictures That Demonstrate
How The New World Order Openly Mocks Us http://albertpeia.com/newworldordervedgesmockus.htm { First, let me say that the vedges of the
so-called new world order are in no real position to mock anyone, so mockable
as they indeed are, as the incompetent vegetables that they in fact are, who
have been the very architects of ultimately their own and the planet’s decline,
fall, and demise. Yet, there is no question but that the ‘masses’ so mocked,
deserve to be mocked, having embraced their dismal fate at every turn; viz.,
their embrace of ‘political correctness’, though contraindicated, as, ie., the
embrace of the violent, destructive nigger who literally would have them for
dinner, or the compulsion to embrace that which the state says is right, though
contraindicated, for political expedience owing to failure fed (including the
incompetent missteps of the failed fed) desperation, ie., gay marriage, etc.,
contrived wars / conflicts, among other clearly observable, self-interested
behavior of people, companies, nations, including the gargantuan bailed out
frauds on wall street to everyone’s (but the frauds’) detriment, still
unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has
not been held to even one of his former now broken campaign promises and is
embraced by those foolish enough to believe more of the same is testament to
how deserving of mocking the masses truly are (people should be outraged and
wobama should be ‘ridden out on a rail’). Make no mistake; the reality is that
the ‘new world order’/so-called ‘elite’ are not elite at all; but rather,
incompetent vegetables who can’t do anything right as they’ve now proven time
and time again. As I previously said: The Elite Believe That You Are
Ruining Their Planet And They Want You To Stop Reproducing http://albertpeia.com/planetalreadyruined.htm ]
The Population Control Agenda
Of The Radical Humanists Who Would Love For You And I To Die http://albertpeia.com/allfornaught.htm [ And such would be all for naught, in any
event. CNN: Your
Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within
75 years. { 75 years? This world
ain’t got 75 years … decades at best! For those
‘glass-half-full-reality-be-damned’ types, the bright side is that there will
still be that desolate ‘third rock from the sun’; which, like ‘old man river’,
will just keep rollin’ along (around the sun). } ]
CIA
and FBI Counter-Terrorism Officials: Cheney Lied About 9/11 Hijacker Posted by: George Washington Post date: 03/20/2013 - Cheney Caught In Another Major Lie ‘Preface: Obama
is worse . Everyone knew that Iraq did not possess weapons of
mass destruction (update here ). Dick Cheney admits that he lied about 9/11 ….. Postscript:
Indeed the entire
torture program was implemented in an attempt to justify the Iraq
war. And the 9/11 Commission was set up with
false torture testimony. More background on the Iraq war.
Infowars.com | Filmmaker
imagines Senate Majority leader’s grandchildren massacred in shooting. { Well there you go … michael moore on
acknowledging/admitting gun control/ban would violate 2nd amendment! }
From : albert peia
To: Richard Esguerra | EFF
Congratulations! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm
Regards,
Al Peia
From: Richard
Esguerra | EFF < [email protected] > [email protected] >
We did it! Hours ago, a federal judge
ordered the FBI to stop issuing spying orders, called national security letters
(NSLs), which forced companies to disclose customer data while simultaneously
censoring them from discussing the order with the press or public. It's a
landmark ruling that strikes at one of the most domineering powers amplified by
the infamous USA PATRIOT Act.
The government will likely file an
appeal. But EFF is invigorated by this victory and plans to battle every step
of the way. In the words of EFF Senior Staff Attorney Matt Zimmerman: "The
public has long known that it is inappropriate for the government to hide its
questionable NSL practices behind a veil of secrecy. The court has confirmed
that."
We couldn't have done this without
dedicated supporters who join us in challenging injustice and overreach. EFF
members are the backbone of our operation— please join us in celebrating
this victory by donating to EFF!
With great thanks and pride,
Mike Adams | President Obama plans to use military drones in the skies
over the United States to assassinate journalists, patriots and critics of his
administration. ‘…Front and center in this pattern of evidence is the
16-page memo that was just released by Obama’s lawyers in the Department of
Justice. This memo puts forth a “legal justification” for the President to
order the drone assassination of any American citizen he names — anytime,
anywhere, for any reason. This new power claimed by the President has no basis
in federal law or the Constitution. It is an invented power of absolute tyranny
that puts the power to decide who lives and who dies in the hands of one man.
This document essentially legalizes the President acting as a
serial murderer…’
The Hill | Paul
criticized the hawkish senators for thinking the laws of war should take
precedence over the Bill of Rights.
http://albertpeia.com/giantsinkholes.htm
Drudgereport: 'I
AM NOT A DICTATOR' [ That’s
what they all say … next thing he’ll be saying for Bob Woodward’s consumption
is ‘I’m not a crook’ … Riiiiight, O! You just act like one! The
reality is that at some point the coverup for this failed president by adopting
failed policies to obscure/hide his failed presidency must end. The reality is
that this guy just can’t ‘cut the mustard’.
The reality is that this guy, O, is total bull s**t and an unmitigated
failure by any criteria by which you can measure a presidency (including his
own as set forth in his last campaign…you know, that deficit thing that he was
going to cut by half by the end of his first term but instead increased more
than all the presidents combined! Then there were all those prosecutions to
come of the huge wall street frauds, still extant by way of legislated FASB
Rule change and now marked to anything, that never happened in fact.) (REPORT:
Obama's golf weekend with Tiger cost as much as 341 furloughed federal
workers... ) Krauthammer:
Obama Only Left Out "Pestilence, Earthquake, Brimstone And Plague" In
Sequester Warning CHARLES KRAUTHAMMER: Well, they know
that they really overshot it. It was the president himself. He could have had
surrogates out there. But you know, the only thing left out of his litany of
catastrophe was pestilence, earthquake, brimstone and plague. I mean it’s
actually hilarious that he goes through all of this. And now all of the sudden,
having discovered that the Republicans aren't going to budge and that he hasn't
won the propaganda war, all of the sudden it's a tumble down, it's not a cliff.
And it is tumble down and I think the Republicans have to be armed. I think
they have the upper hand to date because of the scare tactics. But if they want
to stay ahead of the game, they got to do two things. They have to emphasize
that they are offering the president authority over how the spending cuts are
done. The Senate has rejected it. The president has said he would not accept
it, he'd exercise a veto. They have to explain, if the president says we have
to do 'x,' we have to cut the TSA, we have to curtail meat inspection, they
have to say everyday that we've offered the president utter discretion on how
to spend the money and he chooses that it should be the meat inspection and not
the consultants and the wasteful meetings that they have in expensive hotels.
And secondly, the Republicans ought to highlight every day all of these
useless, obsolete or idiotic stuff happening in the federal government. It
isn’t hard to find. Every year, Sen. Coburn compiles a list of all this waste
and stuff, it’s all out there. What you do is an example a day, every day and
say to the administration why didn’t you cut x, which is laughable? And
instead, you cut police or teachers. { Yeah … I mean,
how quickly wobama changes tune and message … the message being ultimately,
true to form and his history … obama’s full of s**t! Then again, we can all
blame it on that fickle teleprompter! }
Infowars.com | Attaching a
computer to your head is not going to bring you happiness. { How can anyone trust google/nsa who make
sure you see what they want you to see! }
In our
631st issue:
UPDATES
MINILINKS
ANNOUNCEMENTS
It's
official: CISPA, the Cyber Intelligence Sharing and Protection Act, has been
reintroduced in the House of Representatives. It's the contentious bill that
would provide a poorly-defined "cybersecurity" exception to existing
privacy law. CISPA offers broad immunities to companies who choose to share
data with government agencies -- including the private communications of users
-- in the name of cybersecurity. It also creates avenues for companies to share
data with any federal agencies, including military intelligence agencies like
the National Security Agency.
Internet
users around the world got a Valentine's Day present last week in the form of
new legislation that requires U.S. government agencies to improve public access
to federally funded research. Under the bill's proposal, agencies like the
National Science Foundation, which invests millions of taxpayer dollars in
scientific research every year, must design and implement a plan to facilitate
public access to -- and robust reuse of -- the results of that investment.
The
Computer Fraud and Abuse Act's broad language and draconian penalty scheme
allows overreaching prosecutors to abuse their discretion. This can turn minor
incidents with no real harm into serious criminal prosecutions, with the threat
of long prison sentences and the consequences that go along with a felony
conviction -- like not being able to vote. Computer crime can be serious and
law enforcement should properly investigate and prosecute those who use
computers to cause financial harm and violate the privacy of others. But at the
same time, punishments should fit crimes.
EFF Updates FAA Releases New Drone List -- Is
Your Town on the Map?
The
Federal Aviation Administration has finally released a new drone authorization
list. This list, released in response to EFF's Freedom of Information Act
lawsuit, includes law enforcement agencies and universities across the country,
and -- for the first time -- an Indian tribal agency. In all, the list includes
more than 20 new entities over the FAA's original list, bringing to 81 the
total number of public entities that have applied for FAA drone authorizations
through October 2012.
Trademark Bully Thwarted: 'Spots
the Space Marine' Back Online
Score
one for the space marines. Last month, the UK game developer Games Workshop
complained to Amazon that an ebook, Spots the Space Marine, infringed its
trademarks in the term "space marine." When the author protested,
Amazon initially refused to reinstate the book and instead politely suggested
she resolve the dispute directly with Games Workshop. We were able to intervene
and, to Amazon's credit, the company reviewed the claim and restored the book.
Obama Calls for Patent Reform to
Topple Trolls
In a
welcome turn of events, President Barack Obama spoke directly to the patent
troll problem and the need for more comprehensive patent reform in a live
online question and answer session. The president was responding to a question
by the prominent electrical engineer and entrepreneur Limor "Ladyada"
Fried, who in 2009 won an EFF Pioneer Award for her work with free software and
open-source hardware.
Don't Be Fooled: "Six
Strikes" Will Undoubtedly Harm Open Wireless
The
Center for Copyright Information has claimed in a recent blog post that the
copyright surveillance machine known as the Copyright Alert System -- or
"Six Strikes" -- would not cripple libraries and cafes that provided
open wireless networks. To put it bluntly: We disagree.
Egyptian Court Orders 30-Day Ban On
YouTube Over Hosting "The Innocence of Muslims" Video
The
Cairo Administrative Court has issued a 30-day ban order on YouTube and all
other websites that host or link to content from the anti-Islam film "The
Innocence of Muslims," which was protested worldwide after footage from
the trailer was shown on Egyptian television. The court's ruling may force the
hand of the National Telecom Regulation Authority and the Ministry of
Communications and Information Technology, which have refrained from pursuing
such a ban themselves.
As Secretive "Stingray"
Surveillance Tool Becomes More Pervasive, Questions Over Its Illegality
Increase
A few
months ago, EFF warned of a secretive new surveillance tool, commonly referred
to as a "Stingray," being used by the FBI in cases around the
country. Recently, more information on the device has come to light and it
makes us even more concerned than before.
miniLinks Bloomberg: Fix Copyright for a
Creative World
Obama
didn't say much about copyright in his State of the Union speech. But in a
perfect world, he might have delivered something along these lines.
Readwrite: The Problem With A
100-Word Privacy Policy
Should
privacy policies be limited to 100 words, as outlined in one California
lawmaker's proposed bill? In a word: no.
Administrivia Editor:
Parker Higgins, Activist [email protected]
EFFector
is a publication of the Electronic Frontier Foundation. eff.org
Reproduction of this publication in electronic media is encouraged . MiniLinks do
not necessarily represent the views of EFF.
Back issues of EFFector
454 Shotwell
Street San Francisco , CA 94110-1914 United States
Kurt Nimmo | Firearms
owners would have semi-autos confiscated by the state.
Another Democrat Calls for
Gun Confiscation
New York
Gov: Gun Confiscation and Forced Buy-back an Option
Video: New York
Democrats Plan for Gun Confiscation
Obama
to Put “Full Weight” Behind Feinstein Gun Confiscation Plan
American
Gun Owners to be Fingerprinted and Registered: Feinstein Announces Nightmare
Plan
Mayor
Predicts “Waco-Style Standoff” In Response to Obama Gun Confiscation
New Orleans Mayor
Admits Illegal Gun Confiscation
Gun Confiscation Bill
Introduced in Congress
Iowa
lawmaker calls for retroactive gun ban, confiscation of semi-automatic weapons
Firearm Confiscation
Plan Announced For America
NRA: The Untold
Story of Gun Confiscation After Katrina
Military
& Police React to Obama’s Total Gun Confiscation Plan
Kurt Nimmo | Compares
America upholding Second Amendment to Nazi Germany. { Come on! Who takes anthony
dominick benedetto aka tony bennett seriously … his herpes virus has migrated
to his brain! }
eff.org In our 629th
issue:
UPDATES
MINILINKS
ANNOUNCEMENTS
Since the tragic death of Aaron Swartz,
people are starting to focus on the draconian U.S. computer crime laws that were misused in his
prosecution . While we have been struggling with problems in the
Computer Fraud and Abuse Act (CFAA) for years, this new attention means we may
be able to get meaningful reform -- but not without a great deal of public
support. Important efforts, like Rep. Zoe Lofgren's proposed "Aaron's Law,"
do not go far enough. We've outlined the three most critical fixes that the CFAA needs , and put
together a page where you can contact your legislators to tell them
that any proposed solution needs to address all three of these points. Please take action today .
Legal protection for people who unlock
their mobile phones for use on other networks expired last weekend. According
to the claims of major U.S. wireless carriers, unlocking a phone bought after
January 26 without your carrier's permission violates the Digital Millennium
Copyright Act whether the phone is under contract or not. In a way, this is not
as bad as it sounds. In other ways, it's even worse.
Facebook's Graph Search has certainly
caused quite a stir since it was first announced two weeks ago. We wrote
earlier about how Graph Search, still in beta, presents new privacy problems by
making shared information discoverable that previously was hard, if not
impossible, to find at a large scale. Some unwanted search results come from
associations with friends and family -- and are therefore out of your control.
We urge Facebook to fix this problem by letting people opt out.
EFF Updates Lenz v. Universal: This Baby May Be
Dancing To Trial
After years of litigation, it appears
Stephanie Lenz may have a chance to tell her story to a jury. Back in 2007,
you’ll remember, she posted a video to YouTube of her son dancing and running
around with Prince's “Let's Go Crazy” playing in the background. Now Judge
Jeremy Fogel has issued a ruling in the case that has sent contradictory
signals on the future of fair use under the DMCA.
Twitter's New Transparency Report Shows
Increase in Government Demands, Sheds Light on Copyright Takedowns
Twitter has released its second
semi-annual transparency report, which details every user data demand,
censorship order, and copyright takedown request that the micro-blogging site received
in the second half of 2012. As with Google's recent transparency report, there
was a clear increase in government demands for user data, with the United
States leading by far.
A Victory for Colombia:
Constitutional Court Strikes Down Draconian Copyright Expansion Bill
Good news from Colombia, where the
Constitutional Court has struck down a sweeping copyright enforcement law
because Congress had fast tracked the bill and overstepped various legislative
procedures. The Court also ruled on the constitutionality of the law itself,
overruling provisions against the retransmission of TV content and signals over
the Internet as well as its language on technological protection measures.
A Year After SOPA, A Look At The
Next Five Battles For Internet Freedom
One year ago this month, Internet users
of all ages, races, and political stripes participated in the largest protest
in Internet history. Congress was flooded with millions of emails and phone
calls to demand they drop the Stop Online Piracy Act (SOPA)—a dangerous bill
that would have allowed corporations and the govenrment to censor large parts
of the Web. But the price of freedom is eternal vigilance, and the fight for
Internet freedom continues. Here’s a look at the top five issues SOPA activists
should focus on next.
The Gulf States: Shared Geography,
Shared Culture, Shared Oppression
In the countries that comprise the “Gulf
States,” citizens are increasingly taking to social media to air their
grievances against government officials, and are also increasingly being
arrested, detained, or harassed for it.
What the FBI Doesn't Want You To
Know About Its "Secret" Surveillance Techniques
The FBI had to rewrite the book on its
domestic surveillance activities in the wake of last January's landmark Supreme
Court decision in United States v. Jones. But if you want to see the two memos
describing how the FBI has reacted to Jones -- and the new surveillance
techniques the FBI is using beyond GPS trackers -- you’re out of luck. Though
the FBI won’t release the memos, we do have some information from other sources
on the surveillance techniques federal agents are already using.
miniLinks EFF Twitter Headers to Flaunt Your
Love of Internet Freedom
We created some digital shwag to
celebrate Internet Freedom Day -- the one year anniversary of the Internet-wide
blackout protests that killed the censorship bills SOPA and PIPA. Check out
these images, designed to be used as Twitter headers.
Last call for 2012 Drone Census
Since last July, hundreds of ordinary
citizens have helped MuckRock and EFF file records requests to map the
deployment of drones across the country. As MuckRock prepares to close the 2012
installment of this project, users have a last opportunity for their request to
be included in the first year's results.
Aaron's Army: Carl Malamud's Remark at Aaron Swartz's
Memorial
Carl Malamud's stirring call to action
at Aaron Swartz's San Francisco memorial this month should serve as a reminder:
Aaron's actions were not those of a lone wolf, and his cause is our own.
Supported by Members Our members make it possible for EFF to
bring legal and technological expertise into crucial battles about online
rights. Whether defending free speech online or challenging unconstitutional
surveillance, your participation makes a difference. Every donation gives
technology users who value freedom online a stronger voice and more formidable
advocate.
If you aren't already, please consider
becoming an EFF member today.
Donate Today
Administrivia Editor: Parker Higgins, Activist [email protected]
EFFector is a publication of the
Electronic Frontier Foundation. eff.org
Membership & donation queries: [email protected]
General EFF, legal, policy, or online
resources queries: [email protected]
Reproduction of this publication in electronic media is encouraged . MiniLinks do not necessarily represent
the views of EFF.
Back issues of EFFector
454 Shotwell
Street San Francisco , CA 94110-1914 United States
Infowars.com | Yates claims it could
even be a conspiracy to block humanity reaching higher levels of spiritual
awareness.
Fluoride: Calcifier of the Soul
Fluoride: Don’t Drink the Water
Fluoride
Spill At Illinois Water Facility Requires Haz-Mat Response, But It’s Ok To
Drink
Your Toxic Tap Water
Government
Recommends Lowering Fluoride Levels in U.S. Drinking Water
ADA
study confirms dangers of fluoridated water, especially for babies
We Are Change Austin: Don’t
Drink the Water
Fluoride in Water
Linked to Lower IQ in Children
Common
Food Items Could Contain 180 Times More Fluoride Than Tap Water
Common
Food Items Could Contain 180 Times More Fluoride Than Tap Water
Mount Pleasant
Reduces Amount of Fluoride in Water
World
Health Organization: Fluoridate Water-Supply Population-Specifically
Mac Slavo | New York gun owners are
organizing a resistance against what many believe to be the most, “brazen
infringement on the right to keep and bear arms anywhere in the nation.” { Yes! Let the mafia and other
mobsters/criminals register first! And believe it, everyone knows who they are.
But, bribes go a long way in the tri-state northeast region and washington,
d.c.. }
Prison Planet.com | Globalist kingpin,
renowned war criminal and Rockefeller co-conspirator Henry Kissinger is talking
up a nuclear conflagration. { Riiiiight! That along with other pro-israeli,
u.s.-bankrupting contraindicated positions. The israeli lobby doesn’t even have
to pay kissinger for such folly! How ‘bout the turning point being the
misguided balfour declaration and the subsequent existing 200+ illegal israeli
nukes! }
Kurt Nimmo |
Characterizes looming conflict as “a turning point in human history.” { Riiiiight! That along with other
pro-israeli, u.s.-bankrupting contraindicated positions. The israeli lobby
doesn’t even have to pay kissinger for such folly! How ‘bout the turning point
being the misguided balfour declaration and the subsequent existing 200+
illegal israeli nukes! }
Kurt Nimmo | Criticizes
Obama and political class in Washington for exploiting Sandy Hook massacre to
push gun control agenda.
Paul Joseph Watson & Alex Jones |
Employees and guests urged to report “suspicious behavior” under DHS program.
Steve Watson | Passengers asked to
“volunteer” to have bags searched.
Kurt Nimmo | Captain
Harry Wales compares violent occupation of Afghanistan to an Xbox game. Taliban:
Prince (harry) has 'mental problem'...
The Bundesbank Starts a Run on Gold { Yes, indeed … upon greater reflection, a 7
year wait to repatriate German gold stored at u.s./new york fed, really is a
cause for concern. The question is not only whether it’s there (I doubt it!),
not only whether what’s there has been displaced (stolen) and supplanted with
tungsten gold plate (at best); but, even assuming arguendo it is still there
(doubtful), given the undeniable inherent american proclivity for fraud and
theft, whether the thieving american frauds will interpose some spurious
pretext to preclude if not exclude the possibility of return (the story of
america’s foreign and domestic policies in a nutshell). One really has to
wonder as to the soundness and rationality of Germany’s decision in answering,
why fraudulent america and not the renown, trustworthy and reputable Swiss
Banks for storing their gold. } Everything the Bundesbank does is close to
perfection. The very fact that it is calling in its gold is monumental in terms
of questioning the "full faith and credit" of the United States
Treasury... Read
More... { There isn’t anything about america
that’s not ultimately, in the final analysis, totally criminal/fraudulent! } { http://albertpeia.com/germangoldgone.htm , http://albertpeia.com/trustingamericainsanity.htm }
Kurt Nimmo | IRS credit
to citizens who allow government to confiscate their firearms.
Paul Joseph Watson | “It’s not going to
end well”.
Steve Watson | Presidential decrees are
“Overreaching and anti-constitutional violation of our rights as American
citizens”
Paul Joseph Watson & Alex Jones |
Financial Terrorism: Firearms sellers to be blackmailed into conforming to gun
control. { Wow! Talk about denial/choom gang fantasy … in philly particularly,
it’s the niggers (not the guns), stupid!
}
Kurt Nimmo | Democrats in
New York and Washington are not merely interested in outlawing what they
erroneously describe as assault weapons. { Wow! Talk about denial/choom gang
fantasy … in philly, new york, new jersey, Washington d.c., particularly, it’s
the niggers, mobsters, gang members (not the guns), stupid! }
Steve Watson | Oregon law enforcers
leads national fight against Obama gun grab.
Paul Joseph Watson | New legislation
would nullify gun control dictates.
Mike Adams | Prohibition doesn’t work.
Mac Slavo | High Capacity Magazines;
Will Require Universal Registration.
01/14/2013 { powell is the
quintessential, incompetent token nigger! He is, along with fellow nigger
wobama who similarly fails to call a spade a spade, the necessary concomitant
to the decline/fall ofpervasively corrupt, defacto bankrupt america! }
http://dailycaller.com/2013/01/14/gop-congressman-threatens-impeachment-if-obama-uses-executive-action-for-gun-control/#ixzz2I0x7RWxh
Obama’s ‘kill
list’ critic found dead in New York City (76 comments) Visionary
internet activist Aaron Swartz found dead; was this brilliant internet
revolutionary ‘taken out?’ Mike Adams |
Swartz was found dead yesterday, and the official story is that he committed
suicide. But Swartz himself would have wanted us to question the official story
and dig deeper.
http://albertpeia.com/piersmorganlyingaboutguncontrol.htm
Senate
extends warrantless wiretapping under FISA
Oliver Stone
to RT: ‘US has become an Orwellian state’
A
Thursday evening shooting in the west side of Chicago marked a milestone for
the Windy City: for the first time since 2008, the city can likely claim 500
homicides in a single year.
Government
and Big Banks Joined Forces to Violently Crush Peaceful Protests Posted by: George Washington Post date: 12/31/2012 - Mussolini Would Call It Fascism
US 3D
Diplomacy of Domination Doctrine: Democracy, Dollars and Drugs RT.com
‘ US troops are set to leave Afghanistan in 2014, but an
unidentified number will stay behind. This is an open-ended occupation
that, combined with a pernicious drug war, constitutes a clear and present
danger to Afghan, regional and global security.
Here’s
the full transcript of a Q&A session where I fielded questions from
rambunctious Iranian journalist Kourosh Ziabari on US adventurism in Afghanistan.
Kourosh Ziabari: What do you think about the
US-Afghanistan Strategic Partnership Agreement? Will this agreement pave the
way for the continuation of US presence in Afghanistan after the troops’
withdrawal of 2014? Won’t such an agreement be detrimental to the interests and
security of Afghanistan?
Evgeny Kruschev: Well, if the American mentors themselves
consider the Afghan army and police force ‘a joke,’ and are pretty
outspoken about the opium poppy puppet regime they hate but have to bolster,
what kind of ‘partnership’ are you talking about?
The
Afghan/American security misalliance is a livid example of smoldering
antagonism, punctuated by point-blank green-on-blue stings; therefore by
default any agreement between master and servant would be unilaterally enforced
or violated at the whim of the overlord, notwithstanding the lofty legal
verbiage committed to paper.
It is
not this or the follow-up SOFA, Status of Forces Agreement between Washington
& Kabul, which per se is detrimental to the future of Afghanistan.
KZ: There are reports indicating that since the American
invasion of Afghanistan in 2003, the cultivation of opium has increased
dramatically and the United States hasn't taken any major steps to fight the
drug trade in the war-torn country. You've written on this extensively. Would
you please explain more about that? Is it a large-scale US policy to condone
the rise of drug production?
EK: Purportedly, the White House, whatever its political
coloration, has been on the record against narcotics at home and abroad. The
grim reality is the much-touted US War on Drugs is agitprop cover for a US drug
war on us, worldwide.
Historically,
Washington’s political, intelligence and military interference – Southeast
Asia, South America, the Balkans and Africa – has been followed by an explosion
of narco-production.
The
United States doesn’t condone narcotics. It promotes drug production and
consumption as a quintessential part of its undeclared ‘3D Diplomacy’ –
democracy, dollars and drugs – to penetrate, corrupt and manipulate countries
from within.
Afghanistan
is just the latest and the most glaring case study of grisly symbiosis and
synergy between the US boot print and local drug lords, which has transformed
the country into American narco-reservation with more than 90 percent of the
opium and cannabis market share, quietly killing 100,000 annually without any
outrage in the mainstream media.
KZ: Where is the war in Afghanistan heading? Every day, we
hear of more American and NATO troops being killed in bomb blasts along with
more drone attacks on unarmed civilians, bringing destruction to a war-torn
country that needs dozens of years to reconstruct its infrastructure. What's your
perspective on that?
EK: What you postulated in the question – the war in
Afghanistan – deserves a closer examination because all too often it’s
misperceived as a vanguard of American GWAT, Global War on Terror.
Since
9/11, neither the White House nor the US Congress has declared any hostilities
against any adversary anywhere. So in legal terms, America is not at war with
anybody, including a smorgasbord of antigovernment elements in Afghanistan.
However, it’s blatantly obvious that America is neither at peace with
Afghanistan, its neighbors or the Muslim world at large.
In
military terms, the US occupation of Afghanistan – OED, Operation Enduring
Freedom – is a type of unconventional mission, however impossible, which is a
subdivision of asymmetrical warfare.
The
most ‘unconventional’ thing about this Operation Enduring Opium is to preserve
and protect narco-democracy in Afghanistan under the disguise of the
counterterrorism and counterinsurgency dog and pony show, while sponsoring and
schmoozing with the frenemy and sometimes even shooting at them along both
sides of the Duran Line.
On the
other side, the American mission in Afghanistan constitutes an undeclared war
against global security and stability where opium has been utilized as a hidden
WMD, a weapon of mass destruction and distraction to advance ‘chaos management’
strategy.
As for
US KIA & MIA in Afghanistan, it’s just a drop in the bucket compared to the
domestic homicide rate and the Pentagon’s rape and suicide body count. In a
sense, it’s a bargain: American blood and treasure for the 3D Diplomacy of
Domination Doctrine.
Until
Afghans sober up from American ‘greed is good’ values, and switch from war and
drug profiteering to soul-searching, they will remain low-maintenance
narco-slaves and mules on the US reservation, deprived of faith and national
self-identity; fighting for democracy, dollars and drugs.
KZ: Do you agree with this American assumption that the
Afghan National Army is incapable of providing security for the country without
a US presence? Is it a good justification for the continuation of the military
presence of the United States in Afghanistan?
EK: If would be unfair to present the US stance on
Afghanistan as an undisputed consensus, because there has been no unanimity of
views between the US military, intel and diplomatic communities on Afghan
affairs, including operational readiness of the ANSF, Afghan National
Security Force. Whatever the White House’s assumptions on the issue, it cuts
both ways.
On the
one side, under US/NATO guidance, ANSF is unwilling and unable to take full
responsibility and provide security and stability for the country. On the other
side, the US has stubbornly refused the reality check that after having spent
billions of dollars, the Pentagon is in fact training and financing the enemy:
The current ANSAF is the future auxiliary force for the Taliban, and the
spiraling trend of the green-on-blue attacks is a harbinger of things to come.
Yes,
for the US it’s a self-defeating approach to continue to train the Afghan Army
and police, but paradoxically, this pseudo strategy offers a cynical excuse for
a permanent US residual force and the occupation of Afghanistan.
KZ: Would you please tell us more about the Red Team Study,
which investigated the mutual perceptions of the Afghanistan army soldiers and
the NATO coalition forces in Afghanistan? It seems that they are not much
friendly toward each other and vent different grievances toward each other.
What’s your take on that?
EK: Since September, I have posted a sequel on
Afghan/American military and security ‘partnership,’ based on the first
Pentagon Red Team Study on the subject, which was foolishly reclassified after
the embarrassing findings had already been spilled into the public domain.
Obviously,
there’s no love lost between Afghan green and American blue forces, but the
situation is much worse than just a lack of friendship and camaraderie between
alien and indigenous ‘partners.’
The
title of the report defines the problem as ‘A crisis of trust and cultural incompatibility;’ I call it a ‘bloody credibility gap’ and ‘Afghan hatred vs. American disgust’ .
The
initial idea behind the Red Team studies at the Pentagon was to play devil’s
advocate for the established policies and procedures, this time for the US
training mission in Afghanistan. To the dismay and horror of top brass, this
Red Team finding has accidentally revealed the main legacy of the US occupation
– top-down, across-the-board institutionalized corruption, fueled by drug
production in the host country.
However,
the author came perilously close to the inevitable self-incriminating
conclusion: It is nigh-impossible to advocate devil’s design and deleterious
deeds behind America’s pernicious policy in Afghanistan.
The statements, views and opinions expressed in this
column are solely those of the author and do not necessarily represent those of
RT.
http://albertpeia.com/youmighthateamericaif.htm
Chicago reaches 500 homicides with fatal shooting AP
Kurt Nimmo | Citizens
demands feds turn in their firearms in the interest of safety.
India gang-rape suspects to face murder
charges (CBS/AP) NEW DELHI -
Indian police charged six men with murder on Saturday, hours after a woman who
was gang-raped and beaten on a bus in New Delhi nearly two weeks ago died in a
Singapore hospital. { Clearly, says the california-american
jurist/jurisprudential scholar, this girl was not a victim but really ‘wanted
it’ and while she may have been screaming/saying ‘no’, she really meant ‘yes’
since otherwise her body wouldn’t have permitted that rape (and beating) to
happen. See … now that’s why we have professionally educated/trained judges …
to ‘split the pubic hairs’, so to speak … (that judge should be forced to step
down)} Calif. judge says a victims' bodies can
prevent rape CBS News SANTA ANA, Calif. A Southern California judge is being
publicly admonished for saying a rape victim "didn't put up a fight"
during her assault and that if someone doesn't want sexual intercourse, the
body "will not permit that to happen.” { Wow! Spoken like a true
california american jurist. Well, with violent rapes on the rise along with
other serious violent among other crimes in america and california
particularly, and elections being what they are, ‘might as well go with the
flow’ might have been the ratio-decedendi. After all, most violent criminals in
america are closet pacifists/peace corp members and if the body says yes or no
but the mind subconsciously says yes, only then will a rape happen (NOT!); and,
no violent rapist would let a LIVE/CONSCIOUS rape-resistor get in the way of
implicit consensual rape. Wow! I initially was going to quip, ‘he doesn’t get
out much’; but, maybe he just ‘gets out too much’. Wow! What more can anyone
say! [ If the foregoing didn’t make sense to you, that’s because the
californication judge’s outrageous statement is absolutely preposterous! ] }
Vladimir
Putin has lashed out at the US’s Magnitsky Act dubbing it “a purely political,
unfriendly move.”
http://albertpeia.com/2000americanchildrenmurderedeachday.htm
The
Israeli prime minister has vowed to continue building settlements in the
“Israeli capital of Jerusalem,” defying near-unanimous international criticism
of the illegal activity in retaliation for Palestine's upgraded UN status.
NRA
LaPierre: Hollywood, media, music, violent videos cause culture of violence... tragic scenario), along with the
reality that crime in america pays, and pays well, and is largely protected at
the highest levels. That said, I still oppose any and all censorship (a
‘slippery slope’ in a country now as this, best not tread on) to the extent
that’s inferred from LaPierre’s cogent speech; though I believe it a stretch
for anyone to have reasonably gleaned that from his words so eloquently put. I
read the text of his entire speech as he made it. I believe he was correct in
every significant respect; importantly, and simply put, ‘bad guys (criminals)
with guns can only be stopped by good guys with guns’. Moreover, I would add
that criminals will always have (and have access to getting) guns. To strip the
good, the innocents of their like defense against same is insanity. I hearken
back to and reiterate the (famed NRA truism and) reality that it’s ‘people that
kill people’ and the numerous examples he gave of armed defense the only real,
true protection for those in need, as ie., children, etc., of protection from
the nefarious elements of our increasingly less than civilized society. } NRA’s Wrongheaded Response to Sandy Hook Violence Infowars.com | NRA Executive Vice President calls
for more cops in schools and a government database of the mentally ill. { The following ‘rebuttal’ from Infowars is
not entirely unreasonable but I believe relies too much on the presumption of
sanity among the american masses: ‘…LaPierre also announced a NRA model
security program of armed volunteers to guard schools. He said Rep. Asa
Hutchison, R-Ark., will lead the program for the lobbying organization. While the idea of
armed citizen volunteers protecting schools is reasonable, the call for adding
more police is not. The presence of police in public schools has created a
number of problems – from tasering and handcuffing students to shooting them to death – in addition to
fostering a prison-like environment [if the ‘shoe fits’]. As for creating a
government database of people suffering from mental illness and then presumably
denying them Second Amendment rights, this is a dangerous idea begging for
government abuse [as was so in the former communist soviet union of old]. If
the state is allowed to determine what mental illness is and who suffers from
it, large numbers of people will undoubtedly have their right to own firearms
denied (like veterans suffering from PTSD are denied their
rights). It looks like the NRA is merely passing the buck on this issue and
once again relying on government to devise solutions [this is an unfair
criticism by infowars inasmuch as the NRA are not elected officials although,
truth be told, as evidenced in the past election, u.s. elections are a total
joke and are indeed ‘rigged’ – then there were as well the unprecedented terrorist
threats of violence/rioting by the typically uncivilized niggers ( note that
wobama, a nigger himself, registered no objection to those threats and
intimidation – the uncivilized niggers having their way now with purported
‘civilized institutions’ – don’t forget the crime stats wherein niggers are the
undisputed leaders by far ) as well as voter fraud, and incumbents did not want
to rock their boat, aka ‘the uss titanic’ ]. The solution to public school
violence is really quite simple – citizens must be fully empowered to exercise
the right to self-protection and the protection of their families (defense is a
natural right that has nothing to do with the real reason the Second Amendment
was established). This right to self-protection cannot be denied by “gun free
zones” that are in essence self-defense free zones…’ }
Paul Joseph Watson | Massive act of
censorship sees alternative media pages disappeared.
Aaron Dykes | The fast
approaching December 21, 2012 end of the Mayan calendar has been hyped as an
apocalyptic conclusion to life as we know it.
APOCALYPTO:
Panic spreads ahead of Mayan prophecy... The Population Control Agenda
Of The Radical Humanists Who Would Love For You And I To Die http://albertpeia.com/allfornaught.htm [ And such would
be all for naught, in any event. ] CNN: Your
Behavior Will Be Controlled by a Brain Chip Paul Joseph
Watson | Smart phone will be implanted within 75 years. [ 75 years? This
world ain’t got 75 years … decades at best! For those
‘glass-half-full-reality-be-damned’ types, the bright side is that there will
still be that desolate ‘third rock from the sun’; which, like ‘old man river’,
will just keep rollin’ along (around the sun). ] }
http://albertpeia.com/americansocietycrumbling.htm
http://albertpeia.com/bad2013.htm
http://albertpeia.com/2000americanchildrenmurderedeachday.htm
http://albertpeia.com/crazythingssaidofgunowners.htm
http://albertpeia.com/22statswhatswrongyoungamericanmen.htm
20 children, 7 others dead in school shooting Marketwatch
{ From the previous day, pre-shooting I posted : Don’t Let Your Child See a Psychiatrist. Jon Rappoport
{ In light of his expressed fear, psychologists can’t prescribe
medication – though that’s changed somewhat in some states. Rappoport must
realize that some parents, nuttier than fruitcakes particularly in america,
might be the problem. Who then does the troubled child turn to?} That said, Every human emotion now classified as a mental disorder
in new psychiatric manual DSM-5 Mike Adams { Well, I gotta tell ya … if the
shoe fits, wear it … the reality is that the prevalence of mental
disorders/mental illness in america is so great that reactions as those of mike
adams (including shooting the messenger) are not unexpected; but, must be
discounted. After all, insanity or close to it has indeed become the new
normal, shaded/obscured somewhat by what’s deemed simple inherent criminality
which masks the underlying ‘americinsanity’. }
Melissa Melton | Twitter
explodes with calls for murder and to repeal the 2nd Amendment after Connecticut
shooting.
PrisonPlanet.com | This NWO
banker minion is desperate to disarm the American people and complete their
journey into slavery.
Kurt Nimmo |
Hypocrite-in-chief wipes away crocodile tears for Connecticut children.
Calif. judge says a victims' bodies can
prevent rape CBS News SANTA ANA, Calif. A Southern California judge is being
publicly admonished for saying a rape victim "didn't put up a fight"
during her assault and that if someone doesn't want sexual intercourse, the
body "will not permit that to happen.” { Wow! Spoken like a true
california american jurist. Well, with violent rapes on the rise along with
other serious violent among other crimes in america and california
particularly, and elections being what they are, ‘might as well go with the
flow’ might have been the ratio-decedendi. After all, most violent criminals in
america are closet pacifists/peace corp members and if the body says yes or no
but the mind subconsciously says yes, only then will a rape happen (NOT!); and,
no violent rapist would let a LIVE/CONSCIOUS rape-resistor get in the way of
implicit consensual rape. Wow! I initially was going to quip, ‘he doesn’t get
out much’; but, maybe he just ‘gets out too much’. Wow! What more can anyone
say! [ If the foregoing didn’t make sense to you, that’s because the
californication judge’s outrageous statement is absolutely preposterous! ] }
Don’t Let Your Child See a Psychiatrist. Jon Rappoport {In light of his expressed fear,
psychologists can’t prescribe medication – though that’s changed somewhat in
some states. Rappoport must realize that some parents, nuttier than fruitcakes
particularly in america, might be the problem. Who then does the troubled child
turn to?} That said, Every human emotion now classified as a mental disorder
in new psychiatric manual DSM-5 Mike Adams {
Well, I gotta tell ya … if the shoe fits, wear it … the reality is that the
prevalence of mental disorders/mental illness in america is so great that
reactions as those of mike adams (including shooting the messenger) are not
unexpected; but, must be discounted. After all, insanity or close to it has
indeed become the new normal, shaded/obscured somewhat by what’s deemed simple
inherent criminality which masks the underlying ‘americinsanity’. } Every human emotion now classified as a mental disorder
in new psychiatric manual DSM-5 Mike Adams {
Well, I gotta tell ya … if the shoe fits, wear it … the reality is that the
prevalence of mental disorders/mental illness in america is so great that
reactions as those of mike adams are not unexpected; but, must be discounted.
After all, insanity or close to it has indeed become the new normal,
shaded/obscured somewhat by what’s deemed simple inherent criminality which
masks the underlying ‘americinsanity’. }
http://endoftheamericandream.com
http://albertpeia.com/preppershated.htm
Nelson Mandela 'proven' to be a member of
the Communist Party Telegraph.co.uk
For decades, it was
one of the enduring disputes of South Africa's anti-apartheid struggle. { The failed system of communism. Not
surprising that a nigger would lache on to such where everyone’s ‘equal’; but,
for no good reason, other than for party membership alone some are more equal
than others. Well, close enough, but no cigar. After all, chimpanzees share a
98% identical DNA profile with modern humans; and, niggers share 99% (hence,
that familiar simian look of the nigger. Interestingly, I must confess that I’ve
more recently particularly, developed a well-founded aversion for and antipathy
towards chimps, gorillas, oranguatangs and monkeys owing to the fact that they
remind me of niggers! }
Infowars.com | Jamie Foxx
previously called Obama “Our lord and savior.”
Nelson Mandela 'proven' to be a member of
the Communist Party Telegraph.co.uk
For decades, it was one of the enduring disputes of South Africa's
anti-apartheid struggle. { The failed
system of communism. Not surprising that a nigger would lache on to such where
everyone’s ‘equal’; but, for no good reason, other than for party membership
alone some are more equal than others. Well, close enough, but no cigar. After
all, chimpanzees share a 98% identical DNA profile with modern humans; and,
niggers share 99% (hence, that familiar simian look of the nigger.
Interestingly, I must confess that I’ve more recently particularly, developed a
well-founded aversion for and antipathy towards chimps, gorillas, oranguatangs
and monkeys owing to the fact that they remind me of niggers! }
Newsbusters | “I kill all the white
people in the movie. How great is that?”
Nelson Mandela 'proven' to be a member of
the Communist Party Telegraph.co.uk
For decades, it was one of the enduring disputes of South Africa's
anti-apartheid struggle. { The failed
system of communism. Not surprising that a nigger would lache on to such where
everyone’s ‘equal’; but, for no good reason, other than for party membership
alone some are more equal than others. Well, close enough, but no cigar. After
all, chimpanzees share a 98% identical DNA profile with modern humans; and,
niggers share 99% (hence, that familiar simian look of the nigger.
Interestingly, I must confess that I’ve more recently particularly, developed a
well-founded aversion for and antipathy towards chimps, gorillas, oranguatangs
and monkeys owing to the fact that they remind me of niggers! }
US 'trying to start new Cold War', says
Russia Telegraph.co.uk Moscow furiously claimed that the new law, which also
bars blacklisted Russians from owning US land and using the banking system, was
evidence of a "vindictive desire" to damage Russia's world
standing. { More of a ‘misery loves
company’ thing; certainly in terms of and relating to world standing. After
all, in that regard, pervasively corrupt, defacto bankrupt war-mongering america
is in free-fall. Cold war? Let’s just call it a race to the bottom! }
Kurt Nimmo | The United States is now
dusting off the WMD argument as it makes preparations to intervene militarily
in Syria. { I couldn’t help but think the same thing … you know, ‘been there,
done that’ … what a confused people ………. the americans are! }
http://theeconomiccollapseblog.com
http://albertpeia.com/derivativesbust.htm
http://endoftheamericandream.com
http://albertpeia.com/20examplessadistictwistedcruelty.htm
Infowars.com | After handguns were
banned in Britain, gun crime more than DOUBLED.
http://albertpeia.com/lockdoorsanddefend.htm
http://albertpeia.com/monstersinkholesearthquakescoming.htm
http://albertpeia.com/uncontrolofinternetfreespeech.htm
Israel moves to build 3,000 new homes The plans
include future construction in a strategic area where critics warn would kill
hopes for a viable Palestinian state. { The never ending story courtesy of the
war mongering, illegal nuke-toting, u.n. resolutions/international law
scofflaw, war crimes nation israel. } Brzezinski:
US must stop following Israel “like a stupid mule” Kevin Barrett | Brzezinski
has drawn an unflattering picture of US-Israel relations. { And that goes for the politicians et als
as well. Indeed, while there may have been (ie., in the past) a time that blind
adherence to the pro-israeli line was a ‘political advantage’, that’s certainly
no longer the case. In fact, for all Romney’s contra-indicated pro-israel
babble, wobama’s jewish vote from the prior election was unchanged while Romney
was hurt among other constituencies fearing a return to the moron bush
neo-con/pro-israeli war mongering mindset. }
{ The unfortunate reality is that while rome burns, the ne(r)o cons
fiddle with unreasonable israeli obsessive preoccupations born of paranoia and
irrational quest for control of people who america and clinton herself warrant a separate state by way of the 2
state solution. The fact is, america’s problems are too large and grave for
attention to israeli contrived, self-interested concerns. The reality is that
pervasively corrupt, defacto bankrupt america has neither the time nor the
resources to self-destructively ‘dance the tarantella’ with israel. }
EFF:
In our 626th issue:
In most issues of EFFector, we give an
overview of all the work we're doing at EFF right now. Today, we're trying
something new: doing a deep dive into a single issue. If our readers find this
valuable, we'll try to give you an EFFector Deep Dive every few months. United States v. Warshak , the Sixth Circuit Court of
Appeals agreed with us that people had a reasonable expectation of privacy in
their email, even if it is stored with a service provider, and therefore the
government needed a search warrant to access it. And in the recent Supreme
Court case, United
States v. Jones , Justice Sotomayor said that she thought the Third Party
Doctrine was outdated, while she and four other Justices -- including Justice
Alito -- raised concerns about the information gathered by our cellphones. cell
phone location records [PDF], GPS devices , and home video
surveillance . VanishingRights.com . Attempt to Modernize Digital Privacy Law Passes the Senate
Judiciary Committee ECPA and the Mire of DC Politics: We Shouldn't Have to Trade
Video Privacy to Get Common-Sense Protections of our Email Don't be a Petraeus: A Tutorial on Anonymous Email Accounts Reform to Require Warrant for Private Online Messages Up for
Vote, but Down on Privacy When Will Our Email Betray Us? An Email Privacy Primer in Light
of the Petraeus Saga
Administrivia Editor: Adi Kamdar, Activist [email protected]
EFFector is a publication of the
Electronic Frontier Foundation.
454 Shotwell
Street San Francisco , CA 94110-1914 United States
http://thetruthwins.com
{ Come on! The purported notion is typical ‘nigger/race
card’ b***s***! So preposterous is this that I’ll waste not even a second more
addressing it! Absolutely ridiculous! Obama's
Lucky Charms: A Hindu God In His Pocket, A Masonic Emblem, And A Ring That Says
"There Is No God Except Allah"
http://albertpeia.com/ohowweird.htm Why do our politicians have to be so
weird? { Why? Because in, ie., O’s case, he is weird. Homo/hetero,
Muslim/Hindu/Christian, for Wall Street/against Wall Street, prosecute/no
prosecute, war/no war, say one thing/do another, truth/no truth, etc.. wobama’s
gotten’ by on b***s*** and ‘special consideration’ alone, never having done
anything of substance in his entire life. Indeed, even his so-called
‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced
fantasies which reveal a psychogenic/dissociative amnesia that works well in
the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign
trail’ littered with the cowpies of stark reality. People owe themselves and
their children more than this grifter’s con which in numbers measures more than
the increased deficits of all the presidents since President General Eisenhower
combined to obfuscate his unequivocal failure. Drudgereport: UPDATE:
Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall!
This from the record holder for fundraisers, 151 and counting. Then there’s the
100 plus rounds of golf in addition to being famously over-vacationed while in
office. Did wobama expect that these things would in choom fashion magically
come to fruition while he was ‘workin on his tan’, golf swing, or shootin’
hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm
The point is that you don’t have to love
Romney but you at least have to like yourself in saying ‘NO!’ to more wobama
b***s*** which is all that he is. Have some self-respect. His grade is
unequivocally ‘F’ for failure, having failed to do as promised which
coincidentally is a direct cause among others of this debacle called america’s
dark obama years. All the talk/b***s*** cannot change that reality. } http://albertpeia.com/10waysobamakillingjobsinamerica.htm Wobama’s Choom Gang
Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Friday
Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End Of
My First Term In Office"
ZeroHedge.com Tyler Durden { Wobama the b
for b***s*** speaks … on the prior pre-election campaign trail ( The
Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm }
Drudgereport: PRAVDA:
Obama 're-elected by illiterate society'... http://albertpeia.com/obamberthemistake.htm }
UN
EYES CONTROL OF INTERNET {
Come on! The un can’t even do what they are supposed to do! Enforce resolutions
as to some nations, not others … war crimes delineated for some nations, not
others … then the corruption, wasted resources, etc.. They are the ‘uncompetent’ bent on destroying/controlling the
viability of the important free flow of information! }
Brzezinski:
US must stop following Israel “like a stupid mule”
Kevin Barrett | Brzezinski has drawn an unflattering picture of
US-Israel relations. { And that goes
for the politicians et als as well. Indeed, while there may have been (ie., in
the past) a time that blind adherence to the pro-israeli line was a ‘political
advantage’, that’s certainly no longer the case. In fact, for all Romney’s
contra-indicated pro-israel babble, wobama’s jewish vote from the prior
election was unchanged while Romney was hurt among other constituencies fearing
a return to the moron bush neo-con/pro-israeli war mongering mindset. }
[email protected]
Dear Albert, We have emailed you twice before about VanishingRights.com and the opportunity we have to speak out and demand that Congress update
a 1986 privacy law. Since you live in a state with a senator on the Senate
Judiciary Committee, we are emailing you one last time to ask that you please take a
moment to contact your senators about this issue! This Thursday, the Senate Judiciary Committee is
considering an update to the Electronic Communications Privacy Act to ensure
our email and online data finally receive the same privacy protections from
government access as postal mail and phone calls. However, Sen. Grassley of Iowa is pushing a terrible
amendment to allow government agencies to read our email without a warrant.
This would make our privacy situation WORSE, not better. Grassley’s amendment
would give government agencies like the SEC and IRS even more access to our
emails and private data. Please go
to VanishingRights.com to tell your senators you oppose Grassley's amendment.
Urge them to support warrants for email. Better yet, get on the phone and call your senators! Use
the phone numbers and the simple script below if you’re not sure what to say. Thanks so much. This issue is gaining a lot of momentum
and our coalition now includes over a dozen groups from across the political
spectrum including the ACLU and the American Library Association. Please add
your voice to the mix by calling or emailing your senators today! Thanks again! , on behalf of the whole team. http://www.vanishingrights.com Senate Judiciary Phone Numbers: ALABAMA: Jeff Sessions - (202) 224-4124 ARIZONA: Jon Kyl - (202) 224-4521 CALIFORNIA: Dianne Feinstein - (202) 224-3841 CONNECTICUT: Richard Blumenthal - (202) 224-2823 DELAWARE: Christopher A. Coons - (202) 224-5042 ILLINOIS: Dick Durbin - (202) 224-2152 IOWA: Chuck Grassley - (202) 224-3744 MINNESOTA: Amy Klobuchar - (202) 224-3244 MINNESOTA: Al Franken - (202) 224-5641 NEW YORK: Chuck Schumer - (202) 224-6542 OKLAHOMA: Tom Coburn - (202) 224-5754 RHODE ISLAND: Sheldon Whitehouse - (202) 224-2921 SOUTH CAROLINA: Lindsey Graham - (202) 224-5972 TEXAS: John Cornyn - (202) 224-2934 UTAH: Michael S. Lee - (202) 224-5444 UTAH: Orrin Hatch - (202) 224-5251 WISCONSIN: Herb Kohl - (202) 224-5653 Suggested script, be sure to be polite! “Hello, my name is ________________________ and I’m from
_____________________. I’m calling to urge the Senator to vote on November 29th
to update the Electronic Communications Privacy Act, and to oppose Senator Grassley ’s amendment that would further undermine my privacy.. Our nation’s
privacy laws are outdated and do not adequately protect online communication.
My emails, text messages, and online documents should have the same protections
as my postal mail, my personal documents, and my phone calls. All government
agencies should need a warrant to obtain these documents, or track my location
using my cell phone. I know that the Senator cares deeply about protecting
individual liberties and supporting small businesses, and I hope that he / she
will support legislation that guarantees privacy protections to all Americans
and American businesses who use the Internet.”
Lakers
hire Mike D’Antoni as coach, passing on Phil Jackson Phil Jackson was “asking for the moon,”
according to a source familiar with the situation. Mike D'Antoni's Lakers
contract is three guaranteed years at $12 million { Phil was just being nice. He certainly doesn ’t need the money;
and, I must say, I would have lost a lot of respect for him had he done a deal
with them. After all, given all he’d done for the lakers, the way they (ie.,
jerry west bad mouthed him, ie., lifestyle, beliefs, choice of location, etc.)
bad mouthed him, I personally would have told them to go f*** themselves [ I
essentially did as much with my two
largest jersey clients who asked that I return to representing them after the
‘split’ with them, which would have meant long-term mob ‘affiliation’ (and as
per their thinking/protocol an ‘obligation’), albeit tacitly; although I must
say I hadn’t anticipated fully the pervasive clout of the mob in jersey and
infiltration of the equally corrupt federal system there and elsewhere and the
dire consequences they contrived for me thereafter- la/ca better, but not much-
and, though California was deservingly rated lowest recently among all places
in the states to live, Malibu excepted, I would put jersey lower than
california; and, prospectively, there’s disaster in a big way
rivaling/exceeding jersey shore/rockaway beach queens new york in proportion
‘a-coming’. ] You can’t take it with you. In the end, all you really have is
your spirit, dignity/integrity, self-respect, all of which are sorely lacking
in america generally, and california/new jersey/new york/connecticut/virginia
especially. The recent ‘election’ also confirms this very american trend of
corruption, decline, and abject failure. Phil Jackson will always be a winner,
a champion! }
FACEBOOK RESPONSE:
Bob: I'm 100% behind law enforcement in
their ever more increasingly difficult task of law enforcement, in this ever
more lawless nation, particularly in meaningfully lawless new jersey.
Unfortunately, when I went to vote, I was asked to grant facebook broad
'authority' which as a matter of internet policy (to prevent a multitude of
problems, hacking, etc.) I don't do (facebook's very politicized in a
pro-wobama way and hooked into those goldman frauds et als, on fraudulent wall
street). Since wobama people do it, you can put in an extra vote on my behalf.
I'm currently stonewalled awaiting a formal reply from the fbi inasmuch as I
must account for my time wherever I ultimately locate. Below is some recent
posted commentary and a response to Congresswoman Roybal-Allard as per her
request (I did not receive a reply from Sen. Feinstein regarding the aforesaid
matters). Hope you and your family are well.
Regards,
Al
Dianne Feinstein: No need to debate Republican opponent... http://albertpeia.com/selfdefense.htm [ One
thing is certain from my own direct experience { The
unfortunate reality is what I’ve alluded to in the context of my own direct
experience; viz., america’s ‘legal system’ is an illegal system used to
cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and
essentially run by the inmates of this collective criminal entity called
america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm } ; despite
enormous amounts of taxpayer money poured into the ‘federal system’, there’s
relatively/proportionately very little real significant results (an example
would be the brutalizing of Martha Stewart over a $45 thousand transaction
while wall street frauds in the trillions by the biggest players have gone
unprosecuted). I believe reasonable diligence requires self-reliance more than
ever before in this nation’s history; particularly when political correctness
in some states prevents calling a spade a spade to the substantial detriment of
law enforcement! ]
The Keynesian (economic)
approach, if ever a wise prescription for ‘economic doldrums’, euphemistically
speaking (there are articles/studies/data that dispute the purported
effectiveness of the widely hailed ‘Keynesian remedy’ during the prior great depression),
the ‘Keynesian way’ is certainly no longer a prudent approach today in light of
the insurmountable debt levels of nations worldwide and in america particularly
along with the concomitant over-printed, debased ‘paper currencies’ to finance
same. Quite simply, there simply is not enough real value being created for
redistribution, a situation exacerbated by the parasitic lightening fast,
computerized churn and earn high frequency trading programs on fraudulent wall
street (they should be prosecuted, jailed, fined, and disgorgement imposed for
extant frauds in the trillions now marked to anything as per misguided
legislated FASB rule change). [ America’s
debt woe is worse than Greece’s News (CNN) — ‘Our government is
utterly broke …The government’s total indebtedness is $211 trillion ’. 43,454,601,693,238 Reasons Why
The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17, 2011 http://www.economist.com/content/global_debt_clock ] .This is the consequence of a structural shift
fed by greed and misguided policy and cannot be undone (transfer of productive
capacity to ie., China, etc., ‘the bell cannot be unrung’). That said which
militates against such an extension, this is an election year which
probabilities suggest makes highly likely the passage of the extension. I favor
your co-sponsored legislation and before the holidays simply in the name and
spirit of Christmas and for no other reason whatsoever. Below is a recent
comment to Opinion Writer Krauthammer’s ‘more war spending (Keynesian)
position’ and an article regarding the folly of same. Immediately following is
from my prior post to you concerning something of such manageable proportion
and well within the government’s ability to resolve (if the government can’t
accomplish this consistent with law and long overdue, then there isn’t anything
the government can accomplish), along with other comments to you for ease of
reference:
‘…As previously noted in a
prior message to you, I had previously spoken to FBI Agent Bill Lewis in
Washington who was recently promoted to the FBI Headquarters Office (D.C.) from
the FBI office here in LA, and who was to be out of the office for the two
weeks past. I’ll be contacting him given a reasonable time for him to ‘catch
up’, from being out of the office. While independent contractor richard coan is
ultimately the one to bear the burden of damages (there’s insurance and a
surety covering same), coan might allude to the prior default of the u.s.
government (assist. u.s. atty. robert i. lester miscounted / miscalculated the
time for filing an answer / response to the complaint upon service thereof,
also misstating the rule in open court before corrupt judge matz who
‘schmoozed’ things over (they both have the same employer), however incorrectly
according to the ‘law’. I ordered / bought a copy of the transcript of that
rather pathetic proceeding (posted in part on my website). In any event,
regardless who pays me, the amounts so paid would ultimately be recovered from
coan, his insurer/surety which amounts might even exceed the amount I’m willing
to settle at. [There is also a judgment (referenced in the correspondence to
FBI ADIC Martinez infra) that had been entered in my favor in the case, United
States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth
approximately now in excess of $300,000 remains unaccounted for and which would
benefit Los Angeles, etc.; and then, of course as well, the substantial
damages. ] I’ve waited far too long for this matter to resolve, what should
have been resolved in accordance with clear law long ago; and, which would have
been resolved if not for typical u.s. corruption in the process; and, which is
well within the government’s ability to resolve. In my world and way of
thinking, results do count! I’ve included prior correspondence for ease of
reference…’
Sincerely,
Albert L. Peia
America also
leads in the illegal drug trade. In fact, many researchers reveal that
the war on drugs is only utilized to control and monopolize the illicit
drug trade. The US government has been caught multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now openly protects and transports opium from Afghanistan [ http://www.youtube.com/watch?v=ElEciFI0Pew ] . In fact, Global Research points out that in 2001, “according to UN
figures, opium production had fallen to 185 tons. Immediately following the
October 2001 US led invasion, production increased dramatically, regaining its
historical levels.” This month, the U.N. announced that Afghanistan now provides 93% of the
world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons. Although the
empire tries to keep it secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm
Drug war hypocrisy: drug
trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is
centers on the amount of drug trafficking that benefits the CIA and
international banking system. Natural News February 1,
2012 [ [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the
amount of drug trafficking that benefits the CIA and international banking
system. The son of a convicted notorious mobster, John Gotti Jr, when asked in
court if the family still dealt drugs cracked, “No, we can’t compete with the
government.”
Guest Post: The West Has Just
Become A Giant Banana Republic
ZeroHedge.com by Tyler Durden { Yeah! This really is too true for words!
It’s been my direct experience for quite some time now and is quite a pathetic
scenario! } Legal precedent means nothing. Rule of law means nothing.
Free speech means nothing. Their own treaties mean nothing. It’s
unbelievable. Anyone in the west who honestly thinks he’s still living in
a free society is either a fool or completely out of touch. If that seems
too radical an idea, consider that ECUADOR is now the only nation which
stands to defend freedom and human rights against an assault from the
United States, the United Kingdom, and their spineless allies. The west
has just become a giant banana republic. Have you hit your breaking point
yet? If not now… when? { { I’m really
constrained to interject my own direct experience with the FBI here; and, I
must say I do so lamentably. If you want no real results vis-ŕ-vis organized crime
which now extends to the upper reaches, highest levels of the corrupt u.s.
government, go to the FBI. I discounted the new jersey FBI as just typical
corrupt, mob infested jersey which thinks in terms of discos/casinos. But,
truth be told, they never ask the ‘tough’ questions of the biggest criminals;
ie., the biggest wall street frauds, cia connected illegal ‘drug ops’
(ops…riiiiight), federal judges ie., trump barry, shiff, alito, etc.; but, they
did go after Martha Stewart in a very big way over a $45,000 transaction. Wow!
You can’t make this stuff up. I also don’t believe their (understated) crime
stats for even a second. I’m beginning to feel foolish for having even put my
full faith and trust in them, much less the ‘federal (judicial) system’ who
share the ‘same employer’; and, despite my antipathy for the mob, probably
would have fared ‘more fairly’ with the mobsters directly who seem to have at
least some sense of the magnitude of the fraud involved and the pervasive
corruption of the system and government and maybe a semblance of honor in this
nation of protracted decline. It never would have occurred to me back when for
me, such a choice/decision was clear-cut and simple. Such a course as mine I no
longer could recommend inasmuch as there is little difference between
state/government sponsored crime/corruption and that perpetrated by other
criminal elements, from my direct experience with both, infra: Debauchery: An American
specialty In the land of Lindsay Lohan and Snooki, some federal
workers reflect our culture all too well. (Washington Post) [ Lindsay Lohan?
Come on Mr. Milbank, hands off the low hanging fruit. She’s totally harmless.
Jersey ‘italian’ snooki? In mob infested new jersey, who knows (one of the
properties in my proceedings for which surplus funds are unaccounted for was a
top floor balconied 2 bedroom 1 and 1/2 bath condominium (beach/boardwalk front
w/indoor pool/sauna) in seaside heights, n.j. –10-31-12 Post Sandy: I’m
wondering if it’s still there. ). But debauchery an american specialty? Another
rare instance wherein I agree with Mr. Milbank completely. 25 Signs That America Is A
Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics
held close to vest EXCLUSIVE | Documents and interviews show FBI and
Justice Department officials took steps to control information uncovered by a
task force designed to examine cases involving discredited agents. Many
defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington
Post) [ Well, I really have to say this. I’m awaiting word from the FBI as to
resolution, one way or the other, concerning the RICO matters which have been
systematically and corruptly covered up by the government (executive,
legislative, and judicial branches of the pervasively corrupt, defacto bankrupt
u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . Never in my
wildest dreams would I have believed the level and extent of corruption and
criminality within the ranks of the u.s. government before embarking upon this
costly quest for justice and simple fairness consistent with clear law (infra,
regarding the u.s. government’s direct involvement in the illegal drug trade).
In this civil RICO matter, there are no innocent bystanders; but rather,
perpetrators, accomplices, and co-conspirators. When the fbi agent initially
assigned to this matter (Connecticut) abruptly resigned/retired shortly after a
conversation, though not central to my case, wherein I had said that rudy
giuliani’s father had been an (convicted) enforcer for the mob (served 12
years? in prison, aggravated assault/manslaughter?) and then sent him
documentation owing to his disbelief. Though ultimately ineffectual vis-ŕ-vis
my case, he was a likeable guy for whom I had and still have regard. I then
spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who
somewhat plaintively (‘my call being a burden’) told me that ‘he was a Ford,
and I was a Ferrari’, which he didn’t explain further. Could anyone tell me
what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an
FBI Agent who sarcastically asked me whether I was ‘going to the disco that
night’ (the documents including sworn statements delivered to then u.s.
attorney sam alito’s office in the same building disappeared twice along with
the initial assistant u.s. attorney Jonathan Lacey with whom I had reviewed the
documentary evidence, documents and their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf .
We all can infer sam alito’s reward / quid pro quo for his cover-up by his
current position on the u.s. supreme court. There was never a
question as to maryanne trump barry’s interest in corrupting the judicial process
as related to her brother’s (trump) casinos. Jersey city boy louis freeh,
labeled by former Prosecutor Larry Klayman as the most corrupt FBI director
ever (see infra, mueller seems no different, and certainly holder’s impeachable
actions and corrupt behavior/cover-ups fit the mold, ie., fast and furious,
race bias favoring blacks, etc.) apparently covered up the RICO violations as
sent to him, and, with italian citizenship and lucrative insider deals fits the
bill. The FBI Agent Jeff Hayes of the Long Beach Office with whom I reviewed
the RICO documents and confirmed same as indicative of (drug) money laundering
was transferred shortly after meeting with him, as has been so of FBI Agent
Bill Lewis (promoted to Washington FBI headquarters) with whom I discussed the
RICO matter and case disks/dvd’s sent to the LA FBI office (they printed the
documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here in Los
Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to believe
it based on my own experience and reasonable inference. I’m currently being
‘stonewalled’ by the LA FBI office since the departure of FBI Agent Bill Lewis.
http://albertpeia.com/bananarepublicusromneyvotestowobama.htm
http://albertpeia.com/warandmiddleeast.htm
http://albertpeia.com/22signsvoterfraudelectionsham.htm
Paul Joseph Watson | Florida and Ohio
called for Obama before substantial number of ballots checked.
http://www.infowars.com/vote-fraud-expert-romney-votes-not-counted-in-key-states
Paul Joseph Watson
Vote
fraud expert Bev Harris told the Alex Jones Show that a substantial number of
votes for Mitt Romney in the key battleground states of Florida and Ohio, both
of which went to Obama, were not even counted before the result was announced.
Harris,
the founder of non-partisan elections watchdog Black Box Voting Inc., is a well
known vote fraud expert whose work has been featured in the New York Times,
Washington Post, Time Magazine, CNN, ABC, MSNBC, CBS, Fox News, and NBC.
Harris
said that a number of problems with voting in the days after the election came
“flooding in” from across the country. As
we previously highlighted , reports of electronic voting machine irregularities
were widespread almost as soon as voting began on Tuesday.
Harris
pointed to the actions of Karl Rove, who confronted Fox News for
calling Ohio for Obama when only a mere fraction of the votes had been counted
and the two candidates were separated by just 100,000 votes.
Rove attempted
to explain to Fox News anchors that there were far too many outstanding votes
left to be able to call Ohio for Obama, at least half a million and many in
Romney strongholds, but his concerns were instantly dismissed.
“Based
not on actual votes, but on projections from a single private entity, the
National Election Pool (NEP), we were all told what the election results were
going to be. When Rove pulled out his notes and calculations, he was basically
told “Shut up, this is a science,” writes
Harris.
Harris
said the Ohio example was “emblematic” of what occurred throughout the night.
“I
watched them call Tennessee eleven minutes after the polls closed without a
single vote counted and with no exit poll,” Harris told the Alex Jones Show,
joking that the people counting the ballots must have been “clairvotant”.
“Nobody
knows anything about elections nowadays, what we are doing is watching the TV
networks announce to us who the winner is based on a single private
organization called NEP,” said Harris.
In
Florida, which Democrats are claiming as an Obama victory, Harris noted how the
voting trend changed only after the lights went out.
“They
were calling Florida for Obama, they were separated by 40,000 votes, Pinellas
County had just announced ‘we’ve set aside 10,000 ballots that we won’t count
until tomorrow’….this is the stuff that’s really going on, there were 400,000
uncounted provisional ballots in Arizona and there were massive meltdowns in
Pima County….so we are just now beginning to unravel what really happened
during this election,” said Harris.
Harris
emphasized that she was an Independent and supported neither major candidate,
but that the system was obviously broken and bore little resemblance to a democratic
process.
She
also pointed out how the outcomes of key battleground states were announced
before the voting machine results were even counted.
Harris
said she was still going through the reams of data in her possession and would
be releasing more information on
her website next week.
“If
we’re going to accept the idea that they can just tell us who won without
counting any votes then….do we deserve this?” asked Harris.
http://thetruthwins.com
http://albertpeia.com/16quotesfreakout.htm
http://albertpeia.com/politicalmirror.htm
http://albertpeia.com/americasleftturn.htm
U.S.
Piled Up More Debt Since Election Day ’08 Than Under All Presidents From
Washington Through Clinton
CNS News | The federal government has now piled up more debt since
Election Day 2008 than it did under all presidents from George Washington
through Bill Clinton.
http://www.prisonplanet.com/10-dire-consequences-of-obamas-re-election-victory.html
Thousands
Of Shocking Threats Of Violence By Obama Supporters On The Eve Of The Election http://theeconomiccollapseblog.com http://albertpeia.com/funlovinniggers.htm
Prisonplanet.com | Meanwhile actual scientists disagree. { bloomberg’s
actually proven himself to be the failed flake of new york historic proportion;
from soda, to smoking tobacco (as in california, only crack, marijuana, etc.,
are allowed), to encouragement of the ‘fraudulent-wallstreet-centric’ climate,
etc.. He also if you’ve watched closely, seems to have gotten very weird
indeed. Prescription drugs maybe? Valium? Prozac, etc.? }
Paul Joseph Watson | “Can we leave,
because Romney is in town and I want to go shoot him”.
Debates 'diminished' Obama, says Romney "You can
boil down what he's saying to four simple words: more of the same," Romney
said today in Reno. { I’m truly astounded that after 4 years of b***s***, lies,
profligate spending for obfuscation but much vacation, and consequent
unequivocal failure, people are even listening to, much less ‘buying’ what
wobama desperately says. Not even a word from 0 is worth listening to. That
includes those who should supposedly know better. Moreover, self-respect
requires that americans reject wobama’s desperate campaign slings, arrows, and
desperate entreaties which ignore the reality of his blatant failure in large
part owing to his having failed to do as promised last ‘eternal campaign’. Then
there’s the threats and intimidation from the niggers who are like ignorant,
vicious animals in lockstep accord with
the abject and utter presidential failure obama; yet, such typical ‘clannish’
racism by blacks is virtually ignored and rational opposition to the failure
spelled ‘0’ is being cast as racist. How can any nation survive such
contraindicated insanity. I’m truly
amazed! }
Why
Greg Smith Left Goldman: Wall St. Now an 'Eat-What-You-Kill System'
Dutch court says Samsung does not infringe Apple patent [
Though contrary, american courts almost without exception and the federal
system generally, are so corrupt and lacking in credibility that they really
deserve no precedential, jurisprudential respect…and get none. From my direct
experience: One thing is certain from my own direct
experience { The unfortunate reality is what I’ve
alluded to in the context of my own direct experience; viz., america’s ‘legal
system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws
to apply pressure, etc., and essentially run by the inmates of this collective
criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm } ; despite enormous amounts of taxpayer money
poured into the ‘federal system’, there’s relatively/proportionately very
little real significant results (an example would be the brutalizing of Martha
Stewart over a $45 thousand transaction while wall street frauds in the
trillions by the biggest players have gone unprosecuted). ( I believe
reasonable diligence requires self-reliance more than ever before in this
nation’s history; particularly when political correctness in some states
prevents calling a spade a spade to the substantial detriment of law
enforcement! http://albertpeia.com/selfdefense.htm ) ]
http://albertpeia.com/shocking.htm
Ben Stein: Obama's 'whopping falsehood'
Pot-for-Votes Scandal Clouds California Election Voter turnout increased 900% after mysterious fliers promised
medical-grade marijuana
http://politix.topix.com/homepage/2617-pot-for-votes-scandal-clouds-california-election
Paul Joseph Watson | Buzz explodes
across web.
New
Threats to Riot if Obama Loses Election... [ The threats alone are a reason sufficient for backing President
Romney. If left unchecked, the nigger terrorists will be even further
emboldened to their already egregious criminal, terroristic ways. No man,
woman, or child will be safe if the lethal black cancer grows. The 4 years of O
have been complete, utter failure and no amount of wobama b***s*** and nigger
intimidation can change that fact! Quite simply, niggers are inherently
criminal terrorists: Examples of what people are saying include the following;
“If
obama dont get re-elected & romney wins .. on life every white persons
getting pistol whipped and im startin a riot.” ( SOURCE )
“If
Obama don’t win lets start a riot so Romney know what he’s getting himself
into.” ( SOURCE )
“You
know you ain’t shit if you gotta “MAKE” Mafukas vote for ROMNEY ! …. Mannnn
OBAMA better get back in office . Or BLACK FOLKS will riot.” ( SOURCE )
“If
Romney wins im goin on a rampage.” ( SOURCE )
“If
Mitt Romney wins the election I think its our duties as Black folks to riot and
fuck shit up.” ( SOURCE )
“If
every action IS met with an equal and opposite reaction ..what should workers
do to employers if Romney’s elected? #Riot in the streets!!” ( SOURCE )
“If
Romney becomes president let’s all start a riot.” ( SOURCE )
“I
Heard Mitt Romney , Tryna Take Away Food Stamps , If He Do .”IMA START A RIOT ,
IMA START A RIOT.” ( SOURCE )
“If
romney wins, imma start a mf’n riot! Rns.” ( SOURCE ) ] [ Will The Election Results
Cause Massive Riots To Erupt All Over America? http://theeconomiccollapseblog.com http://albertpeia.com/massiveriotsinamerica.htm { Ah, yes, says the optimist who sees the
opportunity in every calamity and not vice versa. Indeed, President Romney’s
election based upon american people’s survival instincts and an awakening from
the wobama b***s*** slumber of decline will provide the opportunity to
incarcerate the niggers who will use such as an excuse to do what they’re
inclined/predisposed to do anyway, and in one lawless form or another, are
already doing. Prison or sub-saharan Africa are the only places suitable for
niggers. Let no man, woman, or child fall prey to their intimidation and
uncivilized violence. http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm VIDEO: Black Student Becomes Enraged In Evolution
Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm }
] Farrakhan
warns forces trying 'to keep America white'... CHICAGOLAND:
For second time, grandmother learns a grandson is shot to death... 5 dead, 25 wounded over weekend...
http://theeconomiccollapseblog.com
http://albertpeia.com/massiveriotsinamerica.htm
{ Ah, yes, says the optimist who sees the opportunity in every calamity
and not vice versa. Indeed, President Romney’s election based upon american
people’s survival instincts and an awakening from the wobama b***s*** slumber
of decline will provide the opportunity to incarcerate the niggers who will use
such as an excuse to do what they’re inclined/predisposed to do anyway, and in
one lawless form or another, are already doing. Prison or sub-saharan Africa
are the only places suitable for niggers. Let no man, woman, or child fall prey
to their intimidation and uncivilized violence. http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm VIDEO: Black Student Becomes Enraged In Evolution
Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm }
http://albertpeia.com/19numbersusturningfromchristianity.htm
CNN: Your
Behavior Will Be Controlled by a Brain Chip Paul Joseph Watson | Smart phone will be implanted within
75 years. { 75 years? This world
ain’t got 75 years … decades at best! For those
‘glass-half-full-reality-be-damned’ types, the bright side is that there will
still be that desolate ‘third rock from the sun’; which, like ‘old man river’,
will just keep rollin’ along (around the sun). }
Romney
leads by four points in post-debate survey
http://albertpeia.com/detroitdeathsdoor.htm
{ Come on! People have to start calling
a spade a spade! O’s just a typical incompetent, jive-talking b***s*** nigger!
He is so pathetic and a total embarrassment! } ‘Well, isn't that convenient? The
Obama campaign desperately needed the last employment report to be released
before the election to show that the unemployment rate had fallen below 8
percent, and somehow it magically happened. Even though non-farm payroll
employment only increased by 114,000 last month (not enough to even keep up
with population growth), the official unemployment rate fell from 8.1 percent
to 7.8 percent. So how did that happen? Well, the unemployment
number is not based on the survey of employers that showed that 114,000 jobs
were added to the economy last month. Rather it is based on a survey of
households. And that survey showed that the total number of Americans
employed last month increased by a whopping 873,000 - almost eight times the
number that the employer survey showed. That figure for September
(873,000) was the biggest one month increase in 29 years . And it
just happened to come at the exact perfect time for Barack Obama. So was
there a jobs report conspiracy? Examine the evidence and decide for
yourself.
The number of Americans with a job fell by
195,000 in July.
Then it fell by another
119,000 in August.
But somehow in September it miraculously
exploded in the other direction and 873,000 jobs were added to the
economy?
If you believe that, I have a bridge
that I want to sell you.
Somehow, the largest increase in jobs in
29 years happened just when Barack Obama needed it the most.
Nah, that doesn't sound fishy to me at
all.
We are being told that a big reason for
the huge increase was the number of Americans working part-time for
"economic reasons". That number surged from 8.0 million in
August to 8.6 million in September.
Why the sudden jump?
Nobody can really explain it.
And if you look at the U6 unemployment
rate, nothing has really changed at all. U6 is still at 14.7 percent just
like it was last month.
But the media is not going to talk about
the U6 rate. Instead, all of the headlines are going to be about
"7.8 percent".
According to the survey of employers,
the U.S. economy added fewer jobs in September than it did in August, and it
added fewer jobs in August than it did in July.
So according to the survey of employers,
the employment situation in the United States is getting worse.
But according to the household survey,
we just had the greatest month of job creation since the first term of Ronald
Reagan.
Something does not add up.
And as I have written about previously , the
unemployment rate would actually be up around 11 percent instead of 7.8 percent
if not for the millions of workers that the government claims "dropped out
of the labor force" over the past few years because they became too discouraged
to look for work.
So unemployment in America is still a
massive crisis , but the media is boldly proclaiming that things are
getting better and that we are on the road to recovery.
Of course Obama looks like the cat who
ate the canary today. He is just thrilled with the "7.8
percent" number.
But the truth is that according to the
employer survey, job growth in the United States is actually slower than last
year. The following is from the Calculated Risk blog ....
All that said, the economy has only added 1.3 million payroll jobs over
the first nine months of the year. At this pace, the economy would only add
around 1.8 million private sector jobs in 2012; less than the 2.1 million added
in 2011.
Are you starting to see why people are
so skeptical of this jobs report?
When the "7.8 percent" figure
was released, there was immediately a wave of shock and unbelief throughout the
financial world and all over the Internet.
The following is a sampling of skeptical
quotes about this jobs report....
Former GE chief Jack
Welch
Unbelievable jobs numbers..these Chicago guys will do anything..can't
debate so change numbers
Chapwood Capital Investment
Management Managing Partner Ed Butowsky
I feel like I’m watching a movie. There is no way in the world these
numbers are accurate.
Neil
Irwin
"Weird that payrolls are exactly on forecast but household survey is
far better."
Conn Carroll
While it is highly improbable that BLS conspired to cook the books, there
is still a huge 756,000 job gap between the number of jobs employers told the
Labor Department they created in September (114k), and the number of Americans
who told the labor department that they got new jobs (873k).
U.S. Representative Allen West
I agree with former GE CEO Jack Welch, Chicago style politics is at work
here. Somehow by manipulation of data we are all of a sudden below 8 percent
unemployment, a month from the Presidential election. This is Orwellian to say
the least and representative of Saul Alinsky tactics from the book "Rules
for Radicals"- a must read for all who want to know how the left
strategize . Trust the Obama administration? Sure, and the spontaneous reaction
to a video caused the death of our Ambassador......and pigs fly.
Gluskin Sheff's David Rosenberg
That the 7.8 percent jobless rate takes it to the level that prevailed
when the President took office in January 2009 has raised many an eyebrow. I
don't believe in conspiracy theories. But I don't believe in the Household
Survey either.
This notoriously volatile indicator has become even more so in recent
months. It showed a 195K slide in July and a 119K decline in August, to only
then reveal a massive 873K surge in September.
Radio host Laura Ingraham
"Jobs #s from Labor Secretary Hilda Solis are total pro-Obama
propaganda--labor force participation rate at 30-yr low. Abysmal!"
Americans for Limited
Government
"Either the Federal Reserve, which has its fingers on the pulse of
every element of the economy, and the Bureau of Labor Statistics manufacturing
survey report are grievously wrong or the number used to calculate the
unemployment rate are wrong, or worse manipulated. Given that these numbers
conveniently meet Obama's campaign promises one month before the election, the
conclusions are obvious."
Rick Santelli
"I told you they'd get it under 8 percent — they did! You can let
America decide how they got there!"
Of course the backlash in the media
against skepticism of the jobs report has been very forceful.
Already, those that are doubtful of the
legitimacy of the jobs report are being called "truthers" - as if
there is something wrong with wanting to know the truth.
Sadly, that is how things work these
days. If you don't like the viewpoint that some people are expressing,
you just label them "conspiracy theorists".
And when someone is labeled a
"conspiracy theorist", that is code for "that person is so crazy
that you should not listen to anything they say".
But the truth is that we live in a world
where often people do things that they are not supposed to be doing.
When something rather strange happens,
it is not wrong to investigate and try to figure out what is going on.
And this jobs report seems very, very
odd.
It sure does seem rather strange
that the household survey is showing almost 8 times as many jobs created as the
employer survey does.
It sure does seem rather strange
that 873,000 more Americans were working in September (the largest increase in
29 years) after decreases in both July and August.
It sure does seem rather strange
that the unemployment rate dropped under 8 percent at the exact moment when
Barack Obama needed it the most.
But perhaps all of this is just a
coincidence.
What do you think?’
{
JACK WELCH: Obama Is
Manipulating The Jobs Numbers Because His Debate Performance Was Awful Business Insider | Former GE CEO Jack
Welch’s reaction to non-farm payrolls adding 114,000 new jobs in September and
the unemployment rate falling to 7.8 percent.
Welch: Obama manipulating numbers
after debate performance...
{ There are some people (and their assessments) that you might dismiss
as light-weight partisans… Jack Welch is not one of them! Indeed, among the
rarest breed historically of exceptional american CEO’s, Welch points to the
folly of preposterously a month before elections, on paltry/pathetic jobs
numbers ( election year temp/part-time for manipulating stats along with the
nebulous ‘stopped looking’ fudge factor) , following a disasterous debate
showing (of wobama failure and incompetence), the unemployment rate falls to
just below the ‘superstitious’ 8.0. If you’re a fool, you’ll buy into what is
tantamount to the obama 100% employment fantasy where literally everyone but
him has stopped looking for work and hence, not counted in compiling the
unemployment rate (and then those jobs in the millions lost and gone forever on
his watch - what a banana republic!). Come on, wake up!: JACK WELCH: OBAMA IS MANIPULATING THE
JOBS NUMBERS BECAUSE HIS DEBATE PERFORMANCE WAS AWFUL…UNBELIEVABLE JOBS
NUMBERS…THESE CHICAGO GUYS WILL DO ANYTHING…CAN’T DEBATE SO CHANGE NUMBERS. }
Zero Hedge | Foodstamp usage for both
persons and households, has jumped to a new all time record.
http://albertpeia.com/christianspatriotsobamasterrorists.htm
Donna Anderson | Americans
may be reluctant to admit they made a mistake in choosing Obama.
Will Israel Blow Up Something
and Falsely Blame It On Iran? Posted by: George Washington Post date: 09/27/2012 - Will Israel Launch a False Flag Against Iran to Start War? { Yeah … what if they started a war and
nobody else came. After all, israel
will always do what’s good for israel and israelis, everyone be damned ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ; but, for quite some time, what’s good
for israel is not so good for the rest
of the world, and america particularly. Indeed, israeli agents were caught
cheering the 9-11 world trade tower debacle on the banks of the Hudson. Mission
accomplished? It was rather pathetic if not absurd to see netanayahoo talk
about the ‘Iranian red line’ when israel’s past the red line many times over
with their illegal nuke program and deployment of in excess of 200 illegal,
undeclared nukes. }
Whoopi Goldberg curses out Ann
Coulter over book on race...
The
conservative commentator makes the case in her new book, "Mugged"
that liberals use race mongering for political advantage.Host Whoopi
Goldberg confronted the author over the topic of race, cursing her out and
accusing her of not knowing what she was talking about.Coulter voraciously
defended her book, claiming its more about white liberals, than African
Americans.
ROUGH TRANSCRIPT...
JOY BEHAR: With 40 days until the election, Ms. Ann Coulter is back
with a new book, "Mugged", where she claims that President Obama has
abandoned black Americans and that the OJ Simpson verdict was a great thing for
America. Please welcome back the very controversial Ann Coulter!
Ann, I
need you to tell me, what you are trying to say in this book. Because we don't
know what you are trying to say.
ANN COULTER: What I am trying to say is race mongering has been very
bad for America, liberals use it to promote causes that nothing to do with
blacks and in fact harm blacks. And that excellent lead in you just gave, with
OJ, I think that was the movement, having lived near New York City in the 70's
and 80's, which was the golden era, it was Trayvon Martin and Duke Lacrosse
case everyday.
With
the OJ verdict, white America said that’s it, the white guilt bank is shutdown.
And that ended up being the best thing that ever happened to black Americans.
WHOOPI GOLDBERG: What are you talking about?
COULTER: I meant that no longer...
BARBARA WALTERS: He being aquited was good for whom?
COULTER: Millions of white people watching with the equivalent of
in New York, we use the Brooklyn juries who simply would not convict, even
guilty black criminals.
GOLDBERG: You know what, hold up Ms. Coulter. Please stop,
please stop! If you're going to talk about race, at least, know what you're
talking about. At least know what you're talking about.
Tell
me how much you know about being black?
COULTER: Well, this isn't about being black.
GOLDBERG: But you just said that this is, you just made all
these statements about how black people feel, tell me how you know it?
COULTER: This is not a book about black people, this is a book
about white liberals. And I do know and this is a fact, once for years,
Republican policies on crime and welfare for example were called racist.
When
they finally got implemented after the OJ verdict, implemented by Giuliani in
New York, Reagan and Bush judges overall, tens of thousands of black lives were
saved. That's a fact.
GOLDBERG: Your facts a just a little shaky. You're saying that
because liberals have abandoned black people now because, what? I don't get it,
I don't understand.
COULTER: I don't think that liberals ever cared about black
people. 5 minutes after the civil rights act of '64, they start calling
everything that doesn't have to do with black people a "civil rights
issue"
Abortion
on demand, homeless rights...
SHERRI SHEPARD: You're saying liberals don't care about black people,
then are you saying that Republicans embrace us in a warm fuzzy.
COULTER: I do, we are not embraced back. We try to...
BEHAR: So, the white southern strategy wasn't a republican
thing, it was a Republican thing? And also Newt Gingrich calls President Obama
a food stamp president, that's not racist?
HASSELBECK: Do you think its racist for Newt to say that the
President is a food stamp President?
COULTER: I'm not a big fan of Newt, so we can just skip that for a
second and get to the Southern Strategy because I've specifically disproved it.
It's absolutely a liberal folk-lore, Republicans were winning the South since
1920, it was the outer states of the South, it was Texas, Tennessee, Kentucky,
Virginia.
GOLDBERG: What are you talking about, we weren't allow to vote?
COULTER: Who was trying to get them to vote, Republicans were!
And the first black congressmen were all Republicans and the first black
Governor was a Republican.
GOLDBERG: Wait a minute, you are talking about way back after...
SHEPARD: Everyone understands Republicans are way different than
the way they are now and...
COULTER: And that's what we are told and The Democratic segregationist
were all Democrats, it's a lie that they were Conservative democrats
GOLDBERG: Everyone was a segregationist darling , everybody was!
White people were, they didn't matter whether they were Republican or not.
COULTER : Republicans were not...
GOLDBERG: Bullshit! Bullshit, I'm sorry! That's bull, that's bull
COULTER: No, no that is not... ok just read chapter 14 in the
book, the first Republicans to be elected in the south
GOLDBERG: I listen to my grandmother, who was there! Who remembers
what happened.
COULTER: Howard Baker, an aggressive integrationist, first
Republican elected in Tennessee to the Senate, Winthrop Rockefeller, first
republican governor in Arkansas, an integrationist.
The
Southern Strategy is a lie.
BEHAR: It seems to me that voter suppression is happening in
areas where black people and hispanics are and it is really being promoted by
the Republicans, not the Democrats.
So, my
view and I have a different one from you, it looks as though the Republicans
are really going against blacks, not the Liberals. What do you say to that?
COULTER: It's a perfect example, no i'll explain why, of liberals
using the label of civil rights to promote a liberal cause they support, ie
voter fraud, in fact one of the first states in the union to pass voter ID bill
was Rhode Island, 85 percent democrat legislature. And who pushed it? A black
Democrat in the house, a black Democrat in the senate. That's a fact!
BEHAR: You may pick out Rhode Island, but there are other
states where it's completely Republican driven
COULTER: Why would Black Democrats be pushing this? Because
they've seen voter fraud!
BEHAR: Because they want the hispanic vote to go to Romney!
BARBARA WALTERS: Can I ask a general question, everybook
that you write is very controversial and shocking and usually an opinion thats
desperate with everyone else.
Do you
just write these books and try to find whatever it is that's going to make
everybody say, "Ah!"
BEHAR: You don't believe this crap?
COULTER: The reason, it's an excellent question. The reason I
write these books is because I try to correct things that people believe that
are just false.
SHEPARD: Here's a question, because I was reading the book..
WALTERS: And you may be the only one that says it.
COULTER: There are a few things, discovering that we never won
the Goldwater states and Republicans didn't win the Dixiecrat states until the
Dixiecrats died out
SHEPARD: You keep standing back in the past, you got to come back
to the present. But this what I wanted to say.
COULTER: That's new to me, the rest of it other people know.
SHEPARD: You keep saying if you read chapter 14, you make such
divisive comments and incendiary comments, and hateful comments at times, it
makes people not want to pick up your book and read it!
COULTER: No, I don't think so. What's a hateful comment in here?
SHEPARD: When you talk about, you stay in the past,
COULTER: Well, that’s because that was brought up. It’s just a
fact.
SHEPARD: When you talk about voter suppression, which is obviously
trying to keep black and Latino.
COULTER: Republicans have never done that, that was a Democrat
thing...
SHEPARD: Ann, there are states where they don't even have...
WALTERS: Stop it, can I just say one thing to Ann? No matter what,
you sit down here and you got 5 women going bah badda badda, whatever it is,
thank you for coming on!
Mitt Romney cites Massachusetts health care law as sign of
his empathy { Yes! Come on people, wake up! Wobama’s
failed everyone but the wobamas and pals, even by his own ‘last campaign
standards’ (actually, as a con-man/grifter, wobama has no real standards other
than b***s***/con for the moment to make you his fool). President Romney can
and did represent all fairly as he did
in Massachusetts (of all places, vast majority democrats); and, he will
similarly fair-to-all lead nationally! }
Paul Joseph Watson | “We are in
the game of using covert means against the Iranians”. ‘…A member of the
influential pro-Israel Washington Institute for Near East Policy (WINEP) think
tank has brazenly suggested that the United States should launch a false flag
provocation in order to start a war with Iran…’ { Just as was done with 9-11,
etc., etc.! Who do such wars benefit? Certainly not america, not even the west
generally, as belatedly all have come to realize. }
Politico | “In the
sense that he’s more aggressive, more illegal worldwide.” { In other words, more like a nigger! The
blackbama is basically a continuation/progression of war criminal/incompetent
bush! }
Paul Joseph Watson | Nanny state
is no longer on steroids, it has turned into the Incredible Hulk. { http://albertpeia.com/30examplesusnolongerfree.htm }
In our
621st issue:
UPDATES
MINILINKS
ANNOUNCEMENTS
In an unusual move, YouTube announced
that it was blocking access in some countries to a video showing clips from
"The Innocence of Muslims" after the anti-Islamic film sparked
violent protests in the area. By the company's own admission, the video falls
within its Terms of Service. YouTube appears to have made the decision to
self-censor on their own.
Earlier this month, negotiators from the
United States and eight other countries held backroom meetings about the
Trans-Pacific Partnership (TPP) agreement at a golf resort outside Washington,
D.C. Leaked language from the agreement's intellectual property chapter has
been worrisome, and the public has no idea what is in the latest official
draft. There has been zero transparency in a process that is being pushed to
the finish. Join us in demanding
an end to these backroom negotiations.
EFF Updates ECPA Reform May Require Warrants for Email, But Hurts Video Privacy
Senator Leahy proposed detailed language
to update the Electronic Communications Privacy Act (ECPA), the primary law
governing privacy rights for stored email. ECPA is woefully outdated -- it was
passed in 1986 before cloud computing and archived email even existed -- so this
is great news. Unfortunately, the proposed language would also weaken
privacy-protective measures in the Video Privacy and Protection Act.
New York Judge Tries to Silence Twitter in Its Ongoing Battle to Protect
User Privacy
Rather than face contempt charges,
Twitter handed over data requested by the government about an Occupy Wall
Street protester, under seal, to the New York Criminal Court. Twitter was faced
with a terrible choice between giving ground on its fight for user privacy, or
risk a potentially expensive contempt of court citation.
Fight over FISA Amendments Act Moves to the Senate after House Passes
Warrantless Spying Bill
The House of Representatives voted to
renew the dangerous FISA Amendment Act -- which hands the NSA broad,
warrantless surveillance powers over Americans' international communications --
for another five years. Sadly, the House refused to add any new oversight
powers or privacy protections, despite ample evidence the NSA has used it to
unconstitutionally spy on Americans.
TPP Trade Delegates Shut Out Internet Users' Concerns
The secretive Trans-Pacific Partnership
agreement (TPP) negotiations were held earlier this month in a golf resort
outside D.C. TPP is yet another example of how the U.S. entertainment
industries are pressuring lawmakers to push forward overprotective intellectual
property laws that will also put the Internet and its users at risk. EFF
attended the events to speak to delegates and demand transparency; however, the
U.S. Trade Representative would have none of it.
Court Upholds $9,250 Per Song Penalty in Filesharing Case
The U.S. Court of Appeals for the Eighth
Circuit upheld the original jury verdict against Jammie Thomas-Rasset: a
$222,000 penalty for sharing 24 songs on a peer-to-peer network. That's $9,250
per song, for songs that sell for about a dollar at retail.
French Anti-Piracy Law Claims First Victim, Convicted of Failing to
Secure His Internet Connection
The French anti-piracy law, Hadopi, has
claimed its first victim. The individual was convicted of allowing his WiFi
connection to be used to download songs without obtaining prior permission from
the copyright owners. While we were heartened that the individual's Internet
connection was not suspended, EFF condemns the ongoing application of Hadopi,
which threatens our rights to access and publish content freely online. This
ruling serves as further evidence that such three-strikes laws must be repealed.
New Research on "Junk" DNA Revives Privacy Questions
In a case challenging California's
warrentless DNA collection program, EFF asked the court to consider new
research that confirms that over 80% of our DNA that was once thought to have
no function actually plays a critical role in controlling how our cells,
tissues, and organs behave.
Interview with OpenMedia's Steve Anderson About Stop the Trap Campaign
EFF interviewed the Executive Director
of OpenMedia, Steve Anderson, to discuss their international Stop The Trap
coalition campaign.
Professor Michael Geist on TPP and Its Effects on Canadian Internet Users
EFF interviewed Professor Michael Geist
to capture some of the main Canadian concerns specifically related to some of
the most controversial intellectual property issues present in TPP.
UK Snoopers' Charter Draws Sharp Critique from Global Advocates
In a submission to the U.K. Parliament's
Communications Data Bill Joint Scrutiny Committee, the Global Network
Initiative outlined serious concerns with the proposed Snoopers' Charter, which
would expand governmental powers to access the online communications of all
U.K. citizens.
Philippines' New Cybercrime Prevention Act Troubling for Free Expression
In the Philippines, where the Internet
is free from censorship, President Benigno Aquino III recently signed into law
the Cybercrime Prevention Act of 2012, a troubling development for free
expression.
miniLinks USPTO Blocks Web Access to Advocacy Organizations
KEI's James Love found out firsthand
about the USPTO's filtering system that blocked access to EFF, ACLU, KEI, and
more advocacy organizations.
Internet Archive Releases Every TV News Broadcast Since 2009
The Internet Archive released every TV
news broadcast since mid-2009. Segments are available online and captions are
completely searchable.
EU Should Protect Belarusian Online Opposition
Dutch Member of European Parliament
Marietje Schaake spoke out against the detainment of several web-administrators
by Belarusian authorities.
Administrivia ISSN 1062-9424
EFFector is a publication of the
Electronic Frontier Foundation. eff.org
Editor: Adi Kamdar, Activist [email protected]
Membership & donation queries: [email protected]
General EFF, legal, policy, or online
resources queries: [email protected]
Reproduction of this
publication in electronic media is encouraged . Signed
articles do not necessarily represent the views of EFF. To reproduce signed
articles individually, please contact the authors for their express permission.
Press releases and EFF announcements
& articles may be reproduced individually at will.
Back issues of EFFector
Paul Joseph Watson | Why is the
White House funding extremists who hate America? [ Anti-American
fury sweeps across an inflamed Muslim world { Despite casting this as being over a film,
it’s not just the film; but as well, blowback for innumerable policy missteps
that ultimately included direct or indirect acts of violence/aggression. These
people are not blind, nor are they utter fools despite america et als’ foolish
assumptions and presumptions to the contrary. } ]
Anti-American
fury sweeps across an inflamed Muslim world { Despite casting this as being over a film, it’s not just the
film; but as well, blowback for innumerable policy missteps that ultimately
included direct or indirect acts of violence/aggression. These people are not
blind, nor are they utter fools despite america et als’ foolish assumptions and
presumptions to the contrary. [ Guest Post: This Is Blowback ZeroHedge.com The YouTube video
depicting Mohammed is nothing more than the straw that broke the camel’s back. This
kind of violent uprising against American power and interests in the region has
been a long time in the making. It is not just the continuation of drone
strikes which often kill civilians in Pakistan, Yemen, Somalia and Afghanistan,
either. Nor is it the American invasions and occupations of Iraq and
Afghanistan. Nor is it the United States and the West’s support for various
deeply unpopular regimes such as the monarchies in Bahrain and Saudi Arabia
(and formerly Iran). Nor is it that America has long favoured Israel over the
Arab states, condemning, invading and fomenting revolution in Muslim nations
for the pursuit of nuclear weapons while turning a blind eye to Israel’s
nuclear weapons and its continued expansion into the West Bank. ] }
Romney and the GOP still toe the Bush line Republican leaders are sick and tired of
Democrats blaming all the nation's problems on George W. Bush, and of being
tarnished by the former president's legacy. { The problem for the democrats is
that, unfortunately for the nation and world, wobama’s essentially followed
dumbya bush’s failed legacy with few exceptions (ie., wobama/holder’s predisposed
contraindicated favoritism/bias towards blacks including black panthers, etc.).
Indeed, many within ‘the fold’ include ‘bush men’ (ie., mueller, bernanke,
etc.); and comparable failed policies as, ie., protracted unnecessary war,
profligate spending worse than bush, rule by proclamation/executive
orders, no prosecution of huge wall
street frauds, etc., all contrary to campaign promises/b***s*** that got him
elected, a mistake that won’t be repeated this time around. }
*******************
Thanks Obama - The Terrorists
You Used To Topple Regimes In Egypt And Libya Are Now Attacking Our Embassies
http://albertpeia.com/thankswoforblowback.htm
Romney
likens the election to football: ‘It’s time to get a new coach’
Iowans Send
Message to Obama
SIOUX CITY, Iowa — President Obama received a less than warm welcome and
a warning upon arrival at the airport here on the second stop of his Iowa
visit, which was aimed at recapturing some of the mag...
Infowars.com
| As America’s engineered economic implosion accelerates, the parallels with
how the Roman empire fell are staggering.
Infowars.com
| Alex talks with political commentator, activist, proponent of the Austrian
School of economics, and chairman and CEO of the Ludwig von Mises Institute,
Lew Rockwell. FBI Nazi Bikers Bust FBI Nazi
Group Kurt Nimmo
{ I’m
really constrained to interject my own direct experience with the FBI / u.s.
government here; and, I must say I do so lamentably. If you want no real
results vis-ŕ-vis organized crime which now extends to the upper reaches,
highest levels of the corrupt u.s. government, go to the FBI. I discounted the
new jersey FBI as just typical corrupt, mob infested jersey which thinks in
terms of discos/casinos. But, truth be told, they never ask the ‘tough’
questions of the biggest criminals; ie., the biggest wall street frauds, cia
connected illegal ‘drug ops’ (ops…riiiiight), federal judges ie., trump barry,
shiff, alito, etc.; but, they did go after Martha Stewart in a very big way
over a $45,000 transaction. Wow! You can’t make this stuff up. I also don’t
believe their (understated) crime stats for even a second. I’m beginning to
feel foolish for having even put my full faith and trust in them, much less the
‘federal (judicial) system’ who share the ‘same employer’; and, despite my
antipathy for the mob, probably would have fared ‘more fairly’ with the
mobsters directly who seem to have at least some sense of the magnitude of the
fraud involved and the pervasive corruption of the system and government and
maybe a semblance of honor in this nation of protracted decline. It never would
have occurred to me back when for me, such a choice/decision was clear-cut and
simple. Such a course as mine I no longer could recommend inasmuch as there is
little difference between state/government sponsored crime/corruption and that
perpetrated by other criminal elements, from my direct experience with both,
infra: What in the World Has Happened to the
FBI/DOJ? http://albertpeia.com/fbinazibikersbustfbinazibikers2.htm ,
Chief Justice John Roberts
Bowed To Political Pressure And Changed His Vote On Obamacare http://albertpeia.com/nolegalsystem.htm { The unfortunate reality is what I’ve
alluded to in the context of my own direct experience; viz., america’s ‘legal
system’ is an illegal system used to cover-up crimes, arbitrarily enforce laws
to apply pressure, etc., and essentially run by the inmates of this collective
criminal entity called america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm }
FROM:
Rep. Lucille Roybal-Allard
TO:
[email protected]
Message flagged
Wednesday, November 16,
2011 8:48 AM
Dear Mr. Peia:
Thank you for being in touch. As
we continue the busy first session of the 112 th Congress, I want you
to know that I am grateful for the various times you have shared your thoughts
and concerns with me on different issues. Please be assured that your
voice is being heard and that your perspective helps me to better represent you
in Washington, D.C.
Sincerely,
[ This is a reply to the
Congresswoman’s query among others included.]
11-5-11
Dear Congresswoman Roybal-Allard:
The Keynesian (economic)
approach, if ever a wise prescription for ‘economic doldrums’, euphemistically
speaking (there are articles/studies/data that dispute the purported
effectiveness of the widely hailed ‘Keynesian remedy’ during the prior great
depression), the ‘Keynesian way’ is certainly no longer a prudent approach
today in light of the insurmountable debt levels of nations worldwide and in
america particularly along with the concomitant over-printed, debased ‘paper
currencies’ to finance same. Quite simply, there simply is not enough real
value being created for redistribution, a situation exacerbated by the
parasitic lightening fast, computerized churn and earn high frequency trading
programs on fraudulent wall street (they should be prosecuted, jailed, fined,
and disgorgement imposed for extant frauds in the trillions now marked to
anything as per misguided legislated FASB rule change). [ America’s
debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke …The
government’s total indebtedness is $211 trillion ’. 43,454,601,693,238 Reasons Why
The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17, 2011 http://www.economist.com/content/global_debt_clock ] .This is the consequence of a structural shift
fed by greed and misguided policy and cannot be undone (transfer of productive
capacity to ie., China, etc., ‘the bell cannot be unrung’). That said which
militates against such an extension, this is an election year which
probabilities suggest makes highly likely the passage of the extension. I favor
your co-sponsored legislation and before the holidays simply in the name and
spirit of Christmas and for no other reason whatsoever. Below is a recent
comment to Opinion Writer Krauthammer’s ‘more war spending (Keynesian)
position’ and an article regarding the folly of same. Immediately following is
from my prior post to you concerning something of such manageable proportion
and well within the government’s ability to resolve (if the government can’t
accomplish this consistent with law and long overdue, then there isn’t anything
the government can accomplish), along with other comments to you for ease of
reference:
‘…As previously noted in a
prior message to you, I had previously spoken to FBI Agent Bill Lewis in
Washington who was recently promoted to the FBI Headquarters Office (D.C.) from
the FBI office here in LA, and who was to be out of the office for the two
weeks past. I’ll be contacting him given a reasonable time for him to ‘catch
up’, from being out of the office. While independent contractor richard coan is
ultimately the one to bear the burden of damages (there’s insurance and a
surety covering same), coan might allude to the prior default of the u.s.
government (assist. u.s. atty. robert i. lester miscounted / miscalculated the
time for filing an answer / response to the complaint upon service thereof,
also misstating the rule in open court before corrupt judge matz who
‘schmoozed’ things over (they both have the same employer), however incorrectly
according to the ‘law’. I ordered / bought a copy of the transcript of that
rather pathetic proceeding (posted in part on my website). In any event,
regardless who pays me, the amounts so paid would ultimately be recovered from
coan, his insurer/surety which amounts might even exceed the amount I’m willing
to settle at. [There is also a judgment (referenced in the correspondence to
FBI ADIC Martinez infra) that had been entered in my favor in the case, United
States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth
approximately now in excess of $300,000 remains unaccounted for and which would
benefit Los Angeles, etc.; and then, of course as well, the substantial
damages. ] I’ve waited far too long for this matter to resolve, what should
have been resolved in accordance with clear law long ago; and, which would have
been resolved if not for typical u.s. corruption in the process; and, which is
well within the government’s ability to resolve. In my world and way of
thinking, results do count! I’ve included prior correspondence for ease of
reference…’
Sincerely,
Albert L. Peia
America also
leads in the illegal drug trade. In fact, many researchers reveal that
the war on drugs is only utilized to control and monopolize the illicit
drug trade. The US government has been caught multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now openly protects and transports opium from Afghanistan [ http://www.youtube.com/watch?v=ElEciFI0Pew ] . In fact, Global Research points out that in 2001, “according to UN
figures, opium production had fallen to 185 tons. Immediately following the
October 2001 US led invasion, production increased dramatically, regaining its
historical levels.” This month, the U.N. announced that Afghanistan now provides 93% of the
world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons. Although the
empire tries to keep it secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm
Drug war hypocrisy: drug
trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The
hypocrisy of the war on drugs is centers on the amount of drug trafficking that
benefits the CIA and international banking system. Natural News February 1, 2012 [ [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the
amount of drug trafficking that benefits the CIA and international banking
system. The son of a convicted notorious mobster, John Gotti Jr, when asked in
court if the family still dealt drugs cracked, “No, we can’t compete with the
government.”
The Criminal Banking Cartel's
End Game: A 100% Digital Monetary System
Posted by: smartknowledgeu Post date: 06/07/2012 The end game of this global
monetary crisis is the imposition of a 100% digital monetary system that would
permanently end what little economic freedoms we still retain today. Educate.
Resist. Fight... http://albertpeia.com/criminalcartel.htm { I agree with the thrust of this article which
I’ve yet to read in full; if only to emphasize that with a mouse
click/button/keystroke/enter you could easily be separated from your
money/wealth which is a formidable intimidating threat consistent with planned
subservience (and also facilitating manipulated fraud, etc.). And, don’t think
they wouldn’t do it, meaningless, arbitrarily enforced laws notwithstanding.
Don’t forget; government slugs all have the same employer. I experienced the
corruption first-hand: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm }
‘ If the case of white
supremacist Hal Turner taught us anything, it is that the government
manufactures Nazis and racists from whole cloth and then uses them to push
hysterical domestic terrorist propaganda and self-aggrandizement.
It came out during
Turner’s trial that he was a
“National Security Intelligence” asset working for the FBI’s Joint Terrorism Task Force. His code name was
“Valhalla” and “he received thousands of dollars from the FBI to report on such
groups as the Aryan Nations and the white supremacist National Alliance, and
even a member of the Blue Eyed Devils skinhead punk band,” according to The
Record .
The FBI has run
racist and white supremacist groups since the 1960s. Under COINTELPRO, the FBI
“subsidized, armed, directed and protected the Ku Klux Klan and other
right-wing groups,” Brian
Glick writes. Racist
groups were used to create a strategy of tension by attacking groups on the
so-called left, including anti-war, Chicano and Puerto Rican activists and
nationalists.
More recently, in
2007, the FBI organized a neo-Nazi march in Orlando, Florida. The FBI’s
“informant” (agent provocateur) “was one of the most visible individuals in the
National Socialist Movement,” according to Andy Rosenkranz , state regional director for the Anti-Defamation League.
“Generally, the FBI and the JTTF (Joint Terrorism Task Force) in Florida does
an excellent job.”
The FBI has also infiltrated a number of supposed Muslim
terrorists groups and has wheedled, cajoled and otherwise manipulated patsies
into agreeing to commit terror attacks.
In October, Mother
Jones revealed that the
FBI is notorious for creating supposed terrorist groups from scratch and then
framing patsies in order to claim the government is protecting the United
States from terrorists. The number of government informants and agents
provocateurs has grown exponentially since the 1970s when the FBI claimed it
shut down COINTELPRO.
On Tuesday, the New
York Daily News reported the FBI’s latest terrorist creation – the 1st SS Kavallerie
Brigade Motorcycle Division, founded in 2007 to recruit neo-Nazi bikers for the
Aryan Nations, a white supremacist terrorist organization, according to Anthony
Bartkewicz .
“ One member offered a
$1,000 reward for the shooting of a black man. Others stockpiled explosives to
be used in terror attacks on U.S. targets,” writes Bartkewicz. “But the biker
gang was founded by undercover law enforcement agents in Florida, and
eventually 20 people were arrested for a range of offenses, from dealing drugs
to possessing illegal weapons and plotting murders, the
Orlando Sentinel reported .”
In May, the FBI took
down a group of mentally challenged white supremacists belonging to the
American Front, a group on the edge of extinction in the early 2000s but
resuscitated on the internet. The FBI claimed the group was “planning to kill
Jews and minorities in the ‘inevitable’ race war, according to an affidavit obtained
by the Orlando Sentinel. The Sentinel reports that the group also looked to
manufacture ricin, a ‘weapon of mass destruction,’” CBS
Tampa reported.
Considering the FBI’s track record, however, it is likely
the ricin plot was concocted by the agency and then fed to the American Front
patsies prior to the sensationalized bust. Patsies rarely devise their own
plots and are carefully managed by the agency and its army of informants and
agents provocateurs.
The Nazi biker group
created by the FBI after the Aryan Nations said it wanted to form a Nazi
motorcycle club to serve as the militant arm for white supremacists across the
country, according to records obtained by the Orlando
Sentinel .
“Using a false identity, the agent with the Orange County
Sheriff’s Office became the Aryan Nations’ top Florida administrator
responsible for recruiting members for what would become the 1st SS Kavallerie
Brigade Motorcycle Division — operating out of a clubhouse in St. Cloud,” Henry
Pierson Curtis writes for the Sentinel.
“Early members included at least two additional
undercover FBI agents – who infiltrated the club — and a biker accused of offering
$1,000 to anyone willing to shoot a black man riding an ATV in rural Osceola
County, records show.”
In 2007, a FBI
informant, Rick Spring, admitted to running the Aryan Nations. “In a
confessional emailed out to white nationalist leaders, federal informant and
convicted bank robber Rick Spring admitted today that he operated the Aryan
Nations as a false flag front group for the FBI after the death of Richard
Butler,” wrote Bill White , editor of the Libertarian Socialist News.
Government
connections to terror groups are legion. In 2004, for instance, the FBI
revealed the Southern
Poverty Law Center was involved with government operative and convicted Oklahoma City bomber Timothy McVeigh and
the Aryan Republican Army at Elohim City. McVeigh’s contact at Elohim City was
Andreas Carl Strassmeir, a former German intelligence officer . Peter
Langan , the son of a
retired U.S. Marine intelligence officer and said to be the leader of the Aryan
Republican Army, was a government informant.
The SS Kavallerie Brigade Motorcycle Division,
responsible for setting up the American Front, is yet another convoluted
government fabrication designed to convince ill-informed Americans that radical
Muslims are not the only threat they face. So are white guys with tattoos on
their foreheads.
The absurdly overblown threat of skinheads gunning for
minorities plays right into the Department of Homeland Security’s “rightwing
extremist” narrative.
“ Threats from white
supremacist and violent antigovernment groups during 2009 have been largely
rhetorical and have not indicated plans to carry out violent acts,” the DHS
wrote in a 2009 for
eyes-only memo subsequently leaked to Infowars.com and others, but “have
capitalized on the election of the first African American president, and are
focusing their efforts to recruit new members, mobilize existing supporters,
and broaden their scope and appeal through propaganda, but they have not yet
turned to attack planning.”
The FBI’s contrived plots –
including purported violence against police and officialdom by the Hutaree
militia and now a supposed weapons of mass destruction attack by the American
Front – are designed primarily for propaganda purposes. The Hutaree militia was
vindicated in court and the accusations against the American Front will likely
also eventually be reduced and revealed as government grandstanding, although
this will not be reported on the front page in blazing headlines.’
The
American Dream | The future of war is going to look really, really weird. http://endoftheamericandream.com
http://albertpeia.com/moredarpafollies.htm
{ I must say, regardless of the fact of
time constraints (you know, that ‘end thing’) that makes all irrelevant, they
can’t even control, properly manage what they have. I think Mike’s been
watching too much sci-fi, not that darpa doesn’t appreciate his misplaced vote
of confidence! }
Prisonplanet.com
| The Thomas More Law Center has announced that it has filed a federal lawsuit
against Homeland Security Secretary Janet Napolitano.
Shocking Federal Lawsuit
Against DHS Napolitano: Big Sis Favored Her Gal Pals, Treated Male Staffers
“Like Lapdogs,” Her Female Staff Tormented Male Employees with “Sexually
Charged Games” { Whoa! Lapdog
to Napolitano! Whew! Ew! Wow! Yuck! After all, jano almost makes mo reno look
like a beauty queen! I’m starting to get dry heaves! …In the suit Hayes also
accused Napolitano’s chief of staff at ICE, Suzanne Barr, of repeated 'sexually
offensive behaviour' intended to 'humiliate and intimidate male employees'.On
one occasion, Barr called a colleague in his hotel room and screamed using
sexually explicit language, telling him she 'wanted his c*** in the back of
[her] throat'.Hayes claims he 'felt that he was being targeted because of his
gender' and witnessed Barr repeatedly picking on men. She 'created a frat-house
type atmosphere that is targeted to humiliate and intimidate male employees',
according to court papers. In 2009 she 'removed the entire contents of the
offices of three male employees, including nameplates, computers and
telephones, to the men’s bathroom at ICE headquarters'. Read more: http://www.dailymail.co.uk/news/article-2186507/Janet-Napolitano-favoured-woman-long-relationship-job.html#ixzz23ERN7rMx }
Paul Joseph Watson | Follows DHS in preparation for
domestic disorder.
Dave Bohon | Supporters of homosexual marriage, however, have been
unable to leave the issue and “agree to disagree.” { I believe the concerted
wrongful conduct of the respective cities et als vis-ŕ-vis Chick-Fil-A may well
be actionable as a business tort; and as well, a violation of constitutionally
protected rights of free speech, having
a chilling effect thereon, by way of incorporation thereof under the fourteenth
amendment of the u.s. constitution, as well as pursuant to the respective state
constitutions applicable to the offending cities. }
http://albertpeia.com/attackonchickfilaattacksfreespeech.htm
{ My own feeling on the subject is live and let live, but
that the state has no place in getting ‘behind’ this contraindicated behavior.
Look at the subject cities rallying in the name of ‘cornholin’ (For the gay
vote? How totally pathetic!). Without exception, they are literally domestic
war zones, in decay, decline, and heading as the nation toward fiscal ruin,
defacto/outright bankruptcy. They really should be concentrating on things that
really matter before foolishly attacking freedom of speech. Previously: EVOLUTION: OBAMA NOW BACKS GAY MARRIAGE… [
Well, with some
frolicking documented cocaine/gay sex romping in his past, he’d be hard pressed
not to. Interestingly, Clit Eastwood has come out in favor of gay marriage
saying he doesn’t give a f**k… good for you Clit; spoken like a true
egalitarian. Truth be told, I always liked those spaghetti westerns that put
him on the map; his own ‘Pale Rider’, particularly; and of course, the ‘Dirty
Harry’ series. Aside from that, I find him/his films boring, shallow, and
plebian beyond tears; hardly the philosopher king. Yet, I also don’t give a
f**k regarding gays living their lives as they wish, with full constitutional
protections consistent with their presumed law-abiding lives, particularly in a
world like this, such as it is. But, that doesn’t mean the ‘state’ must get
behind (no pun intended) same. There are few if any legal statuses that can’t
be achieved through legal document, ie., adoptions, trust beneficiaries, etc..
Marriage, procreation, the province of a man/woman relationship has always been
a given. Also interesting was the take on same by reknown Psychiatrist Maslow
(his famed, laudable work regarding hierarchy of needs, etc., needs no
introduction) who wrote and posited that homosexuality was physically,
anatomically contraindicated. Again, let me reiterate a live, let live position
while cautioning against the state getting behind (again, no pun) same and
potentially giving young, pubescent, impressionable boys the idea that penises
were made for male a**holes and not female vaginas . ] ...
OBAMA ADMITS FABRICATING GIRLFRIEND IN MEMOIR {
Latent gay man obama - ... Barack Obama: The Naked
Emperor Shocking but true revelations from David Icke| ..Obama is just
more of the same, a big smile with strings attached, and controlled completely
by those that chose him, trained him, sold him and provided his record funding,
kept his many skeletons under wraps, like the gay sex and crack cocaine ..
Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to be with your
Presidential camp, who is alleged to claim that someone claiming to represent
me called asking for $100,000, to keep me from coming forward about our (Obama
and I) November 1999 encounter of sex and cocaine use?), ... Obama is just
another Banksters' moll prostituting himself .., and that's why he supported
the grotesque bail-out of the banking system and why he will always put their
interests before the people. ] http://albertpeia.com/obamadeceptionhighqualityversion.flv }
http://albertpeia.com/newworldordervedgesmockus.htm
{ First, let me say that the vedges of the so-called new
world order are in no real position to mock anyone, so mockable as they indeed
are, as the incompetent vegetables that they in fact are, who have been the
very architects of ultimately their own and the planet’s decline, fall, and
demise. Yet, there is no question but that the ‘masses’ so mocked, deserve to
be mocked, having embraced their dismal fate at every turn; viz., their embrace
of ‘political correctness’, though contraindicated, as, ie., the embrace of the
violent, destructive nigger who literally would have them for dinner, or the
compulsion to embrace that which the state says is right, though
contraindicated, for political expedience owing to failure fed (including the
incompetent missteps of the failed fed) desperation, ie., gay marriage, etc.,
contrived wars / conflicts, among other clearly observable, self-interested behavior
of people, companies, nations, including the gargantuan bailed out frauds on
wall street to everyone’s (but the frauds’) detriment, still unprosecuted. That
the jive-talking, b***s*** artist/grifter/con-man obama has not been held to
even one of his former now broken campaign promises and is embraced by those
foolish enough to believe more of the same is testament to how deserving of
mocking the masses truly are (people should be outraged and wobama should be
‘ridden out on a rail’). Make no mistake; the reality is that the ‘new world
order’/so-called ‘elite’ are not elite at all; but rather, incompetent
vegetables who can’t do anything right as they’ve now proven time and time
again. As I previously said: The Elite Believe That You Are
Ruining Their Planet And They Want You To Stop Reproducing { First and foremost clarification: There are no elite on
this planet. The grim reality for this planet is a dominant species descended
from initially notochords, primitive chordates, and relatively more recently
primitive apes. http://albertpeia.com/anthroindex1.htm , for a brief
but sorrowful history of man. }
http://albertpeia.com/planetalreadyruined.htm }
http://albertpeia.com/attackonchickfilaattacksfreespeech.htm
{ My own feeling on the subject is live and let live, but
that the state has no place in getting ‘behind’ this contraindicated behavior.
Look at the subject cities rallying in the name of ‘cornholin’. Without
exception, they are literally domestic war zones, in decay, decline, and
heading as the nation toward fiscal ruin, defacto/outright bankruptcy. They
really should be concentrating on things that really matter before foolishly
attacking freedom of speech. Previously: EVOLUTION: OBAMA NOW BACKS GAY MARRIAGE… [ Well, with some frolicking documented cocaine/gay sex
romping in his past, he’d be hard pressed not to. Interestingly, Clit Eastwood
has come out in favor of gay marriage saying he doesn’t give a f**k… good for
you Clit; spoken like a true egalitarian. Truth be told, I always liked those
spagetti westerns that put him on the map; his own ‘Pale Rider’, particularly;
and of course, the ‘Dirty Harry’ series. Aside from that, I find him/his films
boring, shallow, and plebian beyond tears; hardly the philosopher king. Yet, I
also don’t give a f**k regarding gays living their lives as they wish, with
full constitutional protections consistent with their presumed law-abiding
lives, particularly in a world like this, such as it is. But, that doesn’t mean
the ‘state’ must get behind (no pun intended) same. There are few if any legal
statuses that can’t be achieved through legal document, ie., adoptions, trust
beneficiaries, etc.. Marriage, procreation, the province of a man/woman
relationship has always been a given. Also interesting was the take on same by
reknown Psychiatrist Maslow (his famed, laudable work regarding hierarchy of
needs, etc., needs no introduction) who wrote and posited that homosexuality
was physically, anatomically contraindicated. Again, let me reiterate a live,
let live position while cautioning against the state getting behind (again, no
pun) same and potentially giving young, pubescent, impressionable boys the idea
that penises were made for male a**holes and not female vaginas . ] ...
OBAMA ADMITS FABRICATING GIRLFRIEND IN MEMOIR {
Latent gay man obama - ... Barack Obama: The Naked
Emperor Shocking but true revelations from David Icke| ..Obama is just
more of the same, a big smile with strings attached, and controlled completely
by those that chose him, trained him, sold him and provided his record funding,
kept his many skeletons under wraps, like the gay sex and crack cocaine ..
Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to be with your
Presidential camp, who is alleged to claim that someone claiming to represent
me called asking for $100,000, to keep me from coming forward about our (Obama
and I) November 1999 encounter of sex and cocaine use?), ... Obama is just
another Banksters' moll prostituting himself .., and that's why he supported
the grotesque bail-out of the banking system and why he will always put their
interests before the people. ] http://albertpeia.com/obamadeceptionhighqualityversion.flv }
http://albertpeia.com/newworldordervedgesmockus.htm
{ First, let me say that the vedges of the so-called new
world order are in no real position to mock anyone, so mockable as they indeed
are, as the incompetent vegetables that they in fact are, who have been the
very architects of ultimately their own and the planet’s decline, fall, and
demise. Yet, there is no question but that the ‘masses’ so mocked, deserve to
be mocked, having embraced their dismal fate at every turn; viz., their embrace
of ‘political correctness’, though contraindicated, as, ie., the embrace of the
violent, destructive nigger who literally would have them for dinner, or the
compulsion to embrace that which the state says is right, though
contraindicated, for political expedience owing to failure fed (including the
incompetent missteps of the failed fed) desperation, ie., gay marriage, etc.,
contrived wars / conflicts, among other clearly observable, self-interested
behavior of people, companies, nations, including the gargantuan bailed out
frauds on wall street to everyone’s (but the frauds’) detriment, still unprosecuted.
That the jive-talking, b***s*** artist/grifter/con-man obama has not been held
to even one of his former now broken campaign promises and is embraced by those
foolish enough to believe more of the same is testament to how deserving of
mocking the masses truly are (people should be outraged and wobama should be
‘ridden out on a rail’). Make no mistake; the reality is that the ‘new world
order’/so-called ‘elite’ are not elite at all; but rather, incompetent
vegetables who can’t do anything right as they’ve now proven time and time
again. As I previously said: The Elite Believe That You Are
Ruining Their Planet And They Want You To Stop Reproducing { First and foremost clarification: There are no elite on
this planet. The grim reality for this planet is a dominant species descended
from initially notochords, primitive chordates, and relatively more recently
primitive apes. http://albertpeia.com/anthroindex1.htm , for a brief but
sorrowful history of man. }
http://albertpeia.com/planetalreadyruined.htm }
EFF:
In our 616th issue:
UPDATES
MINILINKS
ANNOUNCEMENTS
Since
the first national security letter statute was passed in 1986, the FBI has
issued hundreds of thousands of such letters seeking private telecommunications
and financial records of Americans without any prior approval from courts. EFF
is releasing an FBI-redacted briefing from a major new ongoing case in which it
is challenging one of the NSL statutes on behalf of a telecommunications
company that received an NSL in 2011.
The
Oatmeal creator Matthew Inman was subject to a frivolous lawsuit designed to
shut him up. Known as a Strategic Lawsuit Against Public Participation (SLAPP),
litigation like this -- and the big legal fees that can come with it --
threatens free speech across the country. Urge
Congress today to pass a federal anti-SLAPP statute to protect
bloggers, journalists, creators, and more.
EFF
recently received information about drone flights in the United States,
including extensive details about the specific drone models some entities are
flying, where they fly, how frequently they fly, and how long they stay in the
air. The 125 drone certificates and accompanying documents the FAA released
total thousands of pages and were released in response to EFF's Freedom of
Information Act lawsuit, which has already uncovered the list of all entities
licensed to fly domestic drones.
EFF Updates EFF Urges Congress to Protect Privacy in Face Recognition
On
Wednesday, EFF Staff Attorney Jennifer Lynch urged Congress to limit the
collection of biometrics and protect privacy with respect to the use of face
recognition technology. Jennifer's testimony in a Senate hearing on "What
Facial Recognition Technology Means for Privacy and Civil Liberties"
outlined the privacy and security concerns that are inherent to automatic face
recognition. The use of face recognition technology raises important First and
Fourth Amendment concerns, though the scope of Constitutional protections in
this area is unclear.
Fifth Circuit Upholds Sanctions Award Against Copyright Troll Attorney
The
Fifth Circuit Court of Appeals affirmed a district court order imposing
sanctions on Evan Stone, attorney for adult film producer Mick Haig
Productions. Stone improperly issued subpoenas without leave of court to ISPs
seeking the identities of anonymous subscribers in a mass end-user copyright
infringement case.
Singing Obama Ad Takedown Means More Trouble for Political Speech Online
An
official Romney campaign ad that showed President Obama singing a line from the
Al Green song "Let's Stay Together" has been hit with a takedown from
BMG Rights Management -- the group that controls the publishing rights of the
original song -- and pulled from YouTube. This kind of takedown abuse is all
too common, and we're likely to see it again this campaign season.
House Quietly Reintroduces a Piece of SOPA
Even
after millions rallied against the passage of SOPA/PIPA, the House is still
quietly trying to pass a related bill that would give the entertainment
industry more permanent, government-funded spokespeople. Rep. Lamar Smith's IP
Attache Act would create an Assistant Secretary of Commerce for Intellectual
Property, as well as broaden the use of IP attaches in particular U.S.
embassies.
Victory for Open WiFi: Judge Rejects Copyright Troll's Bogus
"Negligence" Theory
Judge
Lewis Kaplan of the U.S. district court in Manhattan ruled that the owner of an
Internet connection cannot be found liable for "negligence" simply
because another person uses his wifi connection to commit copyright
infringement -- even if he knows about it. After this decision, copyright
trolls should find it harder to coerce settlement payments from innocent people
for the commonplace act of sharing an Internet connection.
EFF to FCC: Consumers Face Uphill Battle in Fight for Mobile Device
Privacy
EFF
filed comments with the Federal Communications Commission about the privacy and
data security practices of mobile wireless service providers. Mobile privacy is
an issue we've been increasingly concerned about in the wake of the Carrier IQ
privacy scandal, which was part of the inspiration for our Mobile User Privacy
Bill of Rights.
Australian Government Moves to Expand Surveillance Powers
Australia
is the latest democratic nation to introduce new national security measures
that would vastly expand governmental surveillance powers, following an
alarming legislative pattern that unfolded in the United Kingdom and Canada in
recent months.
Spy Games
With
the opening ceremony of the London Olympics 2012 drawing near, the colossal
security apparatus surrounding the Summer Games has come into focus.
Russian Duma Approves Internet Blacklist Bill
The
Russian Duma overwhelmingly approved a controversial Internet regulation bill,
which would create a national blacklist and legal partnership with a
content-monitoring bureau.
ACTA's Defeat in Europe and What Lies Ahead
There's
a majority consensus that ACTA now lies dead in Europe. There are however, a
few murmurs of concern ahead.
Is the TPP the Best Way to Build a 21st Century Society?
The
TPP agreement has been framed by the USTR as a 21st century agreement, but
we're still not convinced -- especially in an environment where the public,
Congress, and civil rights organizations are denied access to the treaty's
official text, while corporate representatives have full access to it.
Raising Global Awareness of the Plight of Syrian Bloggers
The
number of citizen journalists killed or arrested in Syria rises daily. While some
have received ample international attention for their plight, many others have
gone largely ignored by the media.
New Malware Targeting Syrian Activists Uses Blackshades Commercial Trojan
Pro-Syrian
government hackers appear to have started using a surveillance tool, called
Blackshades Remote Controller, whose capabilities include keystroke logging and
remote screenshots.
Court Won't Shut Down Aereo Before Trial -- Round 2 Begins for Internet
Startup
Aereo,
a startup that lets viewers watch broadcast TV over the Internet from tiny, personal
antennas, can stay up and running -- at least for now. Several television
networks are trying to sue it out of existence, but lost a motion asking a
federal court to shut it down until a legal decision is reached.
miniLinks How effective are free speech campaigns?
EFF's
Jillian York asks prominent players in the international activism space about
the efficacy of free speech campaigns.
Brief of amici curiae supporting EPIC's petition for writ of mandamus
(EPIC v. DHS)
EFF
has joined this brief from the Competetive Enterprise Institute supporting EPIC
in their call for TSA to follow the law and conduct a court-ordered
notice-and-comment period for their new scanners.
Professional wrestler boycotts WWE for supporting SOPA/CISPA
Wrestler
Sean Morley, known as Val Venis, tweeted that he would not appear on WWE RAW if
they continued supporting SOPA/CISPA.
Administrivia ISSN
1062-9424
EFFector
is a publication of the Electronic Frontier Foundation. eff.org
Editor:
Adi Kamdar, Activist [email protected]
Membership
& donation queries: [email protected]
General
EFF, legal, policy, or online resources queries: [email protected]
Reproduction of this publication in electronic media is encouraged . Signed
articles do not necessarily represent the views of EFF. To reproduce signed
articles individually, please contact the authors for their express permission.
Press
releases and EFF announcements & articles may be reproduced individually at
will.
Back issues of
EFFector
454 Shotwell
Street San Francisco , CA 94110-1914 United States
http://albertpeia.com/bakedamerica.htm
http://albertpeia.com/obamacareandsterilizingamericanwomen.htm
http://albertpeia.com/19warningsofglobalcatastrophe.htm
http://albertpeia.com/4reasonsforlessoptimism.htm
http://albertpeia.com/scenesofdespair.htm
http://albertpeia.com/usgestapotactics.htm
http://albertpeia.com/14creepygovernmenttechnologiestospyonyou.htm
U.S.
anoints Afghanistan a 'major non-NATO ally' { Riiiiight! As if saying so, makes it
so…How totally pathetic! This would be laughable if not so tragic. I’d say
another example of their pre-election political desperation. }
http://albertpeia.com/azgettintoughoncrime.htm
{ This
is absolutely incredible and unforgiveable
(california does the same); and, we can only surmise that, already
damned as this nation particularly and this world surely are, their view is
that such doesn’t matter. How totally tragic and pathetic at once! }
http://albertpeia.com/freakishamericangeneticmonsters.htm
http://albertpeia.com/kicksinthecandowntheroad.htm
http://albertpeia.com/empburst.htm
Murdoch Dissatisfied With
"Weak" Romney, Allies Say http://albertpeia.com/senilepenalmurdoch.htm { Yeah; murdoch prefers the ‘tougher’ gay
choom gang banger wobama alternative. More cream pies in his face cries the
senile old media meister. Yeah; the majority of the electorate think just like
billionaire murdoch. Let’s not kid ourselves…murdoch’s totally gone…even the
wisdom of his company’s breakup/split into two companies is being seriously
questioned. …’ Murdoch wrote on Twitter. "Tough O Chicago
pols ( Aah! Riiiiight! Just want the country needs; crime, corruption, cook
county politics, capone/chicago style , hudson county/jersey city/newark,n.j.
style, etc.; … Even LA’s substantially better than that; and, make no mistake,
as ‘wobama country’ LA’s pretty bad, etc.) …will be hard to beat unless he
drops old friends from team and hires some real pros’… First reality: He could
hire some real pros without dropping old friends…In the final analysis, even
americans will prove smart enough and not sufficiently self-destructive enough
and as such, will not embrace proven failure with more proven failure. People
must realize the magnitude of wobama’s failure and the unaffordable,
insurmountable expense of obfuscation: ‘…those who put their trust in proven failure wobama, all they have to show
for such misplaced trust are broken campaign promises, now insurmountable
record deficit spending exceeding all the presidents since Eisenhower combined
to obfuscate what clearly has been wobama’s unequivocal failure...’ ( The Real Obama Budget Deficit
For 2011: 5 Trillion Dollars
http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S.
Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse
than Greece’s News (CNN) — ‘Our government is utterly
broke. There are signs everywhere one looks…The government’s total indebtedness
is $211 trillion ’ … )
POLL: Obama drops 8 points with whites... ... 13-point plunge among young voters
July 3, 2012 By gpc1981 http://albertpeia.com/greeceyspainpain.htm
http://albertpeia.com/nolegalsystem.htm
Justice
Department shields Holder from prosecution after contempt vote FoxNews.com | The Justice Department moved Friday
to shield Attorney General Eric Holder from prosecution after the House voted
to hold him in contempt of Congress. DOJ Says It Won't Prosecute
DOJ Head Holder
How should we say this: we are shocked, shocked , that the DOJ won't prosecute itself. BREAKING: DOJ says it won't prosecute
Attorney General Holder after the GOP-led House voted to hold him in criminal
contempt of Congress – Fox see also, http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm House could
arrest Holder with inherent contempt power The Washington Times | The thought is
shocking, and conjures up a Hollywood-ready standoff scene between House police
and the FBI agents. { Eh, what the
heck…you can let that go…they’re hoodied blacks, not white like Nixon, etc…;
and, be sure to hold on to your wallets, purses everyone ‘cause there’s black
folk in the capital! } Kurt Nimmo | Damaging details included in letter Issa sent to Rep.
Elijah Cummings on May 24.
Steve Watson | Offices of two US Senators contradict statements of
Special Operations Command.
http://albertpeia.com/runandhideplan.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/americaonfire.htm
Stephen
Lendman | It’s an American tradition. Big lies launch wars. Manufactured
pretexts initiate them. Mass killing and destruction follow.
Attention cats: ‘How to Walk Your Human’ (VIDEO)
http://www.youtube.com/watch?v=z5rXLZfsJT0&feature=player_embedded
Jerry
Sandusky's adopted son, Matt Sandusky, said that his father had abused him.
Matt Sandusky released a statement through his lawyers, Andrew Shubin and
Justine Andronici. According to the Philadelphia Inquirer, Mr. Shubin also
represents two other alleged victims of Jerry Sandusky. [Related: Jerry
Sandusky child sex abuse case goes to the jury after both [...]
http://albertpeia.com/verbalabuseofbusmonitor.htm
http://albertpeia.com/adviceforpreppers.htm
http://albertpeia.com/russiachinarational.htm
Steve
Watson | “He has the delegates, but he doesn’t have the hearts and the minds of
the people” { At 77, I’ve really
restrained myself from criticizing paul. After all, he is now irrelevant; and,
as a matter of fact, after all is said and done, he’s proved exactly that. At
this point, a real winner would not be preposterously grousing about something
true of himself (who and how many are for paul) that he ascribes to Romney (who
unlike paul has the delegates and almost ‘infinitely’ more hearts and minds
than he), making noise about something irrelevant, instead of at least as a
willing participant in the process silently riding into the sunset. Yeah,
paul’s collecting his social security checks but seeks to end social security;
what, after he dies and stops collecting? Senility is the only explanation for
his uncouth attitude devoid of reality. Very disappointing! Really rather
pathetic! }
WHERE
IS THE BROAD-BASED NATIONWIDE, WORLDWIDE COVERAGE THIS FRAUD OF THE CENTURY
DESERVES? This is serious business; viz., that
wobama’s total b***s*** and an utter fraud! Are people too embarrassed to admit
they’ve been hoodwinked by this total fraud, conman, grifter? This is so
egregious that pathological is not nearly sufficient to describe what more
aptly is nothing short of borderline if not outright criminal.
(CNN) - David Maraniss ,
who wrote the recently published Barack Obama biography, "Barack Obama:
The Story," on Wednesday characterized ...
New Book Raises Questions
About Obama's Memoir
New York Times (blog) - by Michael Shear
davidmaraniss.com/
“ Maraniss is a skillful,
thorough writer with an eye for telling detail, … a fact-finding contemporary
historian with an artist's touch and feel.” – Ed Bark, Dallas ...
PAPER: Obama's grandfather tortured by the British? A
fantasy (like most of the President's own memoir)... By Toby Harnden PUBLISHED: 17:15 EST, 19 June 2012 | UPDATED: 17:25 EST, 19 June 2012 {
http://albertpeia.com/wobamaschoomgangfantasy.htm }
‘A new
biography of Barack Obama has established that his grandfather was not, as is
related in the President’s own memoir, detained by the British in Kenya and
found that claims that he was tortured were a fabrication.
'Barack
Obama: The Story' by David Maraniss catalogues dozens of instances in which
Obama deviated significantly from the truth in his book 'Dreams from My Father:
A Story of Race and Inheritance'. The 641-page book punctures the
carefully-crafted narrative of Obama’s life.
One of
the enduring myths of Obama’s ancestry is that his paternal grandfather Hussein
Onyango Obama, who served as a cook in the British Army, was imprisoned in 1949
by the British for helping the anti-colonial Mau Mau rebels and held for
several months.
Obama’s
step-grandmother Sarah, Onyango wife, who is still living, is quoted in the
future President’s memoir, as saying: ‘One day, the white man’s askaris came to
take Onyango away, and he was placed in a detention camp.
More... Michelle Obama savages the
pursuit of 'fat paychecks and nice offices' (despite her past life as a
high-flying corporate lawyer)
Revealed: Michelle Obama's
WHITE distant cousins... and how the First Lady's great-great-great grandmother
had a relationship with a slave owner's son
‘But
he had been in the camp for over six months, and when he returned to Alego he
was very thin and dirty. He had difficulty walking, and his head was full of
lice. He was so ashamed, he refused to enter his house or tell us what
happened.’
In a
2008 interview, Sarah Obama claimed that he was ‘whipped every morning and
evening’ by the British. ‘They would sometimes squeeze his testicles with metal
rods. They also pierced his nails and buttocks with a sharp pin, with his hands
and legs tied together. He was lucky to survive. Some of his fellow inmates
were mutilated with castration pliers and beaten to death with clubs.’
But
Maraniss, who researched Obama’s life in Kenya, Indonesia, Hawaii and the
mainland United States, found that there were ‘no remaining records of any
detention, imprisonment, or trial of Hussein Onyango Obama’. He interviewed
five people who knew Obama’s grandfather, who died in 1979, who ‘doubted the
story or were certain it did not happen’.
This
undermines the received wisdom that Obama’s grandfather was a victim of
oppression, an assumption that has in turn fuelled theories that Obama harbours
an animus towards Britain based on a deeply-rooted rage about the way Onyango
was treated.
John
Ndalo Aguk, who worked with Onyango before the alleged imprisonment and was in
touch with him weekly afterwards said he 'knew nothing' about any detention and
would have noticed if he had gone missing for several months.
Zablon
Okatch, who worked with Onyango as a servant to American diplomats after the
supposed incarceration, said: ‘Hussein was never jailed. I know that for a
fact. It would have been difficult for him to get a job with a white family,
let alone a diplomat, if he once served in jail.’
Charles
Oluoch, whose father was adopted by Onyango, said that ‘he did not have any
trouble with the government in any way'.
Dick
Opar, a relative by marriage to Onyango and a senior Kenyan police official,
gave what Maraniss judged to be the most authoritative word. ‘People make up
stories,’ he said. ‘If you get arrested, you say it was the fight for
independence, but they are arrested for another thing.
‘I
would have known. I would have known. If he was in Kamiti Prison for only a
day, even if for a day, I would have known.’
Maraniss
also casts a sceptical eye on Obama’s grandmother’s tales of racism in Kansas,
doubting whether she was ever chastised for addressing a black janitor as
‘Mister’ or ridiculed for playing with a black girl.
Obama
himself, Maraniss finds, deliberately distorted elements of his own life to fit
into a racial narrative. The author writes that Obama presents himself in his
memoir as ‘blacker and more disaffected’ than he really was.
The
memoir ‘accentuates characters drawn from black acquaintances who played lesser
roles his real life but could be used to advance a line of thought, while
leaving out or distorting the actions of friends who happened to be white’…
In the
forward to his memoir, Obama wrote that ‘for the sake of compression, some of
the characters that appear are composites of people I’ve known, and some events
appear out of precise chronology’.
But
Maraniss writes that Obama’s book is ‘literature and memoir, not history and
autobiography’ and concludes: ‘The character creations and rearrangements of
the book are not merely a matter of style, devices of compression, but are also
substantive.’
Writing
about his schooldays, Obama created a friend called Regina, a symbol of the
authentic black American experience that Obama yearns for.
Maraniss
found, however, that Regina was based on Caroline Boss, a white student leader
at Occidental College. Regina was the name of Boss’s Swiss grandmother.
The
book also notes that Obama removed two white roommates in Los Angeles and New
York from his story. Obama himself told Maraniss in a 90-minute interview that
a racial incident involving a New York girlfriend had in fact happened in
Chicago.
A tale
of the father of Obama’s Indonesian stepfather Soewarno Martodihardjo being
killed by Dutch soldiers as he fought for Indonesian independence turns out to
be ‘a concocted myth in almost all respects’, Maraniss finds.
According
to the book, both Obama’s father and his paternal grandfather were abusive
towards women and Maraniss finds that Obama’s story that he was abandoned by
his father when he was two was false – in fact, Obama’s mother fled to
Washington state a year earlier, possibly because she was being beaten.
A
character in Obama’s memoir called Ray, portrayed as a symbol of young
blackness, is in fact based on a fellow pupil who was half Japanese, part
native American and part black and was not a close friend.
‘In
the memoir Barry and Ray, could be heard complaining about how rich white haole
[upper class white Hawaiian] girls would never date them. In fact, neither had
much trouble in that regard.’
Obama
notes of his own grandfather that he was apt to create ‘history to conform with
the image he wished for himself’.
Maraniss,
who also wrote an acclaimed biography of Bill Clinton, suggests that throughout
his life Obama himself, following on from his forbears on both sides, has
done the same thing.
http://www.dailymail.co.uk/news/article-2161817/Obamas-grandfather-Stanley-Armour-Dunham-tortured-British.html#ixzz1yIt8JZKV
Prisonplanet.com
| Lew Rockwell joins Alex to discuss the latest in the Ron and Rand Paul
controversy.
{ I include this and infowars/prisonplanet headlines so as
not to be accused of first amendment obstruction. Yet, I’m constrained to point
out that I was censored on the alex jones sites who despite endlessly
complaining about censorship, do so themselves (particularly regarding American
inherently criminal predispositions, which of course lead ineluctably to much
of what alex jones complains about, especially corruption). Jones et als
complain about jivetalking pre-disposed failed president and dictatorial despot
wobama yet seek to be wobama’s best friends in embracing whatever it is that
yields proven failure and ominously worse by a petulant attitude that ignores
the reality of flawed americana. Fortunately, the grueling primary battle of
which Ron Paul was a willing participant has yielded the ultimate winner in November
in the person of President Mitt Romney. Sadly, jones remains ‘mr. tubby not too
bright’ (he really isn’t that bright) from Texas who just can’t help himself as
the moth to the flame in ineluctably embracing losing whenever he can, chiding
others for not following his lemming
path beyond the precipice (ie., the wiser Rand Paul – Ron Paul was 77 and never
resonated despite equal opportunity to do so), which makes him a loser in
spades. He’s really become quite an embarrassment to anyone who has ever
appreciated his attempts to call a spade a spade! Signed: Al Peia I’ve logged in for this one comment only and
will post no others, and will delete the account registration in short order. http://albertpeia.com }
Alex Jones’ infowars.com/prisonplanet.com
Contact
PrisonPlanet.com
Please cancel my registration / account without delay!
Thank you.
Signed: Albert L Peia Dated:
6-17-12
http://albertpeia.com/tubbyjonesnottoobright.htm
UK
Daily Mail | A former professor of Barack Obama has turned against his one-time
student and publicly urged voters not to re-elect him. http://albertpeia.com/wobamalawprofessorsaysdefeatobama.htm
Prisonplanet.com
| Lew Rockwell joins Alex to discuss the latest in the Ron and Rand Paul
controversy. { I include this and infowars/prisonplanet headlines so as not to
be accused of first amendment obstruction. Yet, I’m constrained to point out
that I was censored on the alex jones sites who despite endlessly complaining
about censorship, do so themselves (particularly regarding American inherently
criminal predispositions, which of course lead ineluctably to much of what alex
jones complains about, especially corruption). Jones et als complain about
jivetalking pre-disposed failed president and dictatorial despot wobama yet
seek to be wobama’s best friends in embracing whatever it is that yields proven
failure and ominously worse by a petulant attitude that ignores the reality of
flawed americana. Fortunately, the grueling primary battle of which Ron Paul
was a willing participant has yielded the ultimate winner in November in the
person of President Mitt Romney. Sadly, jones remains ‘mr. tubby not too
bright’ (he really isn’t that bright) from Texas who just can’t help himself as
the moth to the flame in ineluctably embracing losing whenever he can, chiding
others for not following his lemming
path beyond the precipice (ie., the wiser Rand Paul – Ron Paul was 77 and never
resonated despite equal opportunity to do so), which makes him a loser in
spades. He’s really become quite an embarrassment to anyone who has ever
appreciated his attempts to call a spade a spade! Signed: Al Peia I’ve logged in for this one comment only and
will post no others, and will delete the account registration in short
order. http://albertpeia.com } http://albertpeia.com/tubbyjonesnottoobright.htm
Unholy mess: Vatican amidst
mafia money-laundering scandal [ The unholy see? Or
are they conveniently blind? ] The Vatican Bank is under media fire as reports
emerge that Italian prosecutors suspect it of laundering Sicilian mafia bosses’
riches. { I'm
surprised they did this there and not here in the states where drug-money
laundering is among other significant crimes, protected. My reply incorporates
my direct experience concerning the foregoing and then some here in the states:
FIGHT FOR THE FUTURE <[email protected] > I
think you should keep this in mind:
There's
not even the slightest doubt in my mind that they're already
monitoring/wiretapping phones/lines without warrants; and have been doing so
for quite some time. [ I actually confirmed this by measuring the impedance on
my line with devices for said purpose some time ago]. I personally haven't had
such pressing need for privacy; but I support your cause [I also believe they
monitor everything you see on your screen and their supercomputers are getting
better/faster, etc.].
What I
believe this is about is their using/referencing same and such for charges, in
court or otherwise, etc..
You
must realize the law, arbitrarily enforced at best, coercive consistent with
their misguided agendas, is all but absolutely meaningless to them except as
used to further their respective agendas. The process is totally corrupt (the
very few exceptions are statistically insignificant). After all, you need only
look so far as the still unprosecuted largest wall street frauds, the
government's illegal drug trade, etc.. [Think of it in terms of arm-twisting
without the twisting; unless of course, you don't see/do things their way, in
which case you may experience the full weight of the law as they arbitrarily
apply it. Don't forget: they have the same employer.]
I've
experienced this first-hand:
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm
http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm
From a
somewhat recent post and my website: http://albertpeia.com
5-22-12 IF IT WAS ONLY
ONE THING ABOUT WOBAMA THAT MAKES HIM SO WRONG. YET, IT’S A MULTITUDE OF
REALITIES; FROM INVARIABLY BROKEN CAMPAIGN PROMISES (Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the unprosecuted
massive extant fraud in the (many) TRILLIONS by the frauds on wall street ( and
declares with oscar in hand that not one high level wall street exec has been
prosecuted … despite ‘earning’ billions from the fraud ) Cases against Wall Street lag
despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. ‘ THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , etc.) , TO VERY REAL BIRTH
ISSUES (WHAT PERSON FAILS TO GET THEIR PLACE OF BIRTH CORRECT – THE FRAUDULENT
WOBAMA KIND http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ) , TO THE CURRENT OBFUSCATING FRAUD, Obama's Five Trillion Dollar
Lie http://albertpeia.com/obamas5trilliondollarlie.htm { the economy is already in depression in real terms when taking into account real
inflation numbers. Financial Crisis Phase II Is
Ahead at Forbes Bert Dohmen ‘ In late 2007, I
wrote the book Prelude To Meltdown , predicting the
global crisis that occurred the following year. I now see a similar
confluence of events .. “the new recession has started.”… Over the past 33
years, we have called the start of every recession..Currently, the GDP deflator
is 1.8%, which hardly reflects the true rise in prices. Therefore, what is
counted as “growth,” is actually price increases. Actual inflation..is now more
than 11%. Using that to adjust GDP for inflation, would show that the economy
is now in a very sharp contraction…’ } , WOBAMA ET ALS’ DISINGENUOUS ATTACKS AGAINST
ROMNEY ON WHAT WAS PRIZED AND LAUDED AS LEGAL, COMPETENT MANAGEMENT INCREASING
SHAREHOLDER WEALTH (THE TASK OF COMPETENT MANAGEMENT) IN THOSE BLOATED,
NON-COMPETITIVE TIMES CONTRASTED WITH WOBAMA’S UNPRECEDENTED FURTHER
BANKRUPTING OF THE NATION AND INDISPUTABLE FAILURE AS PRESIDENT ( Obama's
Legacy: A Failed Recovery & Double-Dip Recession Forbes / Mariotti ‘…There will be no significant recovery in the United
States of America while Barack Obama is President. The evidence is
overwhelming: everything Obama has tried to fuel a recovery (with his
Democratic allies in Congress) has failed. Statistics claiming jobs saved
by the stimulus package were mostly fiction, and cost American taxpayers about
$275,000 each. Nearly 2-1/2 million fewer Americans have jobs than before
the stimulus. Barack Obama has been President for 30 months—2-1/2 years. He
spent the first year obsessed with passing Obamacare, a program that doesn’t create
jobs, but might destroy a lot of them. He “bailed out” GM, but many
believe that his interference didn’t save GM; it merely cost taxpayers an extra
$15-20 billion, and stole from legitimate investors to buy off the UAW.
His broken campaign promises are too numerous to list…’). IT IS NOTHING SHORT OF
TRAGEDY TO SEE PEOPLE DELUDE AND MAKE FOOLS OF THEMSELVES IN SUPPORT OF
JIVE-TALKING GRIFTER/CON-MAN OBAMA. GOOD-BYE FORMER FAILED PRESIDENT WOBAMA …
GOOD RIDDANCE!
http://www.albertpeia.com/todayspage.htm http://albertpeia.com/todaysbusinesssummarylinks.htm http://albertpeia.com/ fbimartinezcongallard.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm http://albertpeia.com/22signsglobalrecessiondepression.htm http://albertpeia.com
From: Fight for the Future <[email protected] >[email protected]
Ok, so
here's the latest on CISPA: Click
here to call to get a date and time for a meeting now! (It’s super important)
Nancy Pelosi
Wants to Amend the First Amendment Kurt Nimmo | When Pelosi says “special interests,”
she means interests opposed to establishment Democrats. [ Here’s a look at the
pelosi / wobama styled new california (
16 Reasons To Move Away From
California
http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm ) . pelosi’s
incompetent / senile in that chronological order. At his point, wobama the b
for b***s*** is just incompetent but acts and seems as if he’s senile,
particularly with regard to previous things he’s said and prior promises that
he’s made. ]
Low IQ &
Conservative Beliefs Linked to Prejudice I disagree with this speciously reasoned article. First, all
races are prejudiced (I believe there to be and data supports evolutionary
underpinnings to this pervasive trait - beyond the scope of this comment).
Second, careful scrutiny of real, unfiltered data, coupled with command and
knowledge of statistics and probabilities lead ineluctably to certain
conclusions/outcomes that political correctness would love to ignore to the
‘innocent’ populace’s detriment and peril. Third, a study emanating from canada
is hardly the touchstone for credible ‘universal’ application inasmuch as,
though hardly a random sampling, I have personally found canadians to be
thieves and criminals without exception thus far in my direct experience. As
such, I’d say this specious study to be somewhat self-serving at best, and
spurious egalitarian propaganda at worst. Rationally based, meaningful,
uncorrupted law and enforcement, though rare, are a prescription for dealing
with base human instincts. It may not always be pretty, but reality counts! ]
http://theeconomiccollapseblog.com
http://albertpeia.com/usprisoncamp.htm
{ I really must say that this is a tough one because the vast majority of americans are
inherently criminal, with the highest crime rates in the world among the
so-called ‘civilized’ nations (you can’t
count the niggers of sub-saharan africa as civilized, and there’s no question
but that the niggers have disproportionately skewed the american crime rates,
particularly violent crimes, higher); including, from my direct observation and
experience, that within all three branches of the u.s. government. Indeed, the
(should be prison) inmates are running this asylum called america. The reality
is that there are so many americans that are not in jail who should be in jail, it’s difficult to avoid
these harsh third world measures in what has essentially become a third world nation overrun
by the most sordid, despicable criminals on e can imagine. They must really prosecute the biggest criminals
including the oligarchs as, ie., the huge frauds on wall street, etc., and
‘bury’ the violent repeat offenders, etc., without exception. The problem with
america is not the terrorist threat from without, but rather the plethora of
inherently criminal americans within. Moreover, the corruption is pervasive and
systemic. Unfortunately, crime pays in america and pays well; and, God help you
if you try to live within the law and get in their way or potentially cost them
money or some of their illegal business because no one else will. There’s
criminal control at all levels of american society. That’s the problem; with
the relatively few non-criminally inclined, criminal by complicity inasmuch as
americans are for the most part gutless cowards who go along to get along along
with a million other excuses, not the least of which is ‘the price was right’.
That’s reality! That said, it’s the ‘for or agin’ me primitive mentality that
pervades the u.s. government, ‘thought police’, arbitrary powers of detainment,
abrogation of first admendment rights, internet intrusion/censorship, arbitrary
enforcement of the law, etc., that is and I find particularly appalling,
counter-productive, and regressive. There is an element of projection,
given some of the evil things the government has done abroad; blowback being
not entirely out of the realm of possibility which ultimately is the sad
consequence of the worst of human nature which is invariably inclined to go too
far in the worst way. The sad fact is that as with any banana republic, the
governmental powers that be go to whatever nefarious lengths necessary (control
by whatever means, at some level) to unreasonably maintain their access to
undeserved power, money, resources, luxuries, etc., invariably to the detriment of the vast majority as is so here in
america today. There are very few positive things that can be said of america
today. I, for one, cannot think of any at all! [ ‘america, love it or leave it’? Love it?
Truth be told, I don’t even like america!
See, ie., http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm ]
}
Obama Should ‘Remove Eric
Holder’ and ‘Just Come Clean’ on Fast and Furious, Says Rep. Steve King
CNSNews.com
| “If I were the president of the United States, I would find a way for Eric
Holder to step down, and it would be characterized as a firing,”
Trail of Death: Breitbart
Coroner Turns Up Dead, Arsenic Poisoning Suspected
Patrick Henningsen | Another dead body turns up in LA,
this time it’s a veteran coroner technican connected to the Andrew Breitbart
case.
http://albertpeia.com/95percentofjobslostmiddleclass.htm
http://albertpeia.com/21unansweredquestions.htm
BIN LADEN WAS ALREADY DEAD http://albertpeia.com/binladenwasalreadydead.htm
Bin Laden: Everyone Is Missing
the Big Picture
: George Washington : 04/30/2012
BLIND CHINESE ACTIVIST: THE PERFECT NEW
AMERICAN CITIZEN – DOESN’T KNOW ANYTHING ABOUT AMERICA AND HE IS BLIND!
Chinese Activist Makes Plea to U.S. Congress... Obama under fire...
US Using Staged “Blind
Activist” Stunt For Leverage Ahead of Talks
Prisonplanet.com Why Is It Necessary For The
Federal Government To Turn The United States Into A Prison Camp?
http://albertpeia.com/usprisoncamp.htm
{ I really must say that this is a tough one because the vast majority of americans are
inherently criminal, with the highest crime rates in the world among the
so-called ‘civilized’ nations (you can’t
count the niggers of sub-saharan africa as civilized, and there’s no question
but that the niggers have disproportionately skewed the american crime rates,
particularly violent crimes, higher); including, from my direct observation and
experience, that within all three branches of the u.s. government. Indeed, the
(should be prison) inmates are running this asylum called america. The reality
is that there are so many americans that are not in jail who should be in jail, it’s difficult to avoid
these harsh third world measures in what has essentially become a third world nation overrun
by the most sordid, despicable criminals on e can imagine. They must really prosecute the biggest criminals
including the oligarchs as, ie., the huge frauds on wall street, etc., and
‘bury’ the violent repeat offenders, etc., without exception. The problem with
america is not the terrorist threat from without, but rather the plethora of
inherently criminal americans within. Moreover, the corruption is pervasive and
systemic. Unfortunately, crime pays in america and pays well; and, God help you
if you try to live within the law and get in their way or potentially cost them
money or some of their illegal business because no one else will. There’s
criminal control at all levels of american society. That’s the problem; with
the relatively few non-criminally inclined, criminal by complicity inasmuch as
americans are for the most part gutless cowards who go along to get along along
with a million other excuses, not the least of which is ‘the price was right’.
That’s reality! That said, it’s the ‘for or agin’ me primitive mentality that
pervades the u.s. government, ‘thought police’, arbitrary powers of detainment,
abrogation of first admendment rights, internet intrusion/censorship, arbitrary
enforcement of the law, etc., that is and I find particularly appalling,
counter-productive, and regressive. There is an element of projection,
given some of the evil things the government has done abroad; blowback being
not entirely out of the realm of possibility which ultimately is the sad
consequence of the worst of human nature which is invariably inclined to go too
far in the worst way. The sad fact is that as with any banana republic, the
governmental powers that be go to whatever nefarious lengths necessary (control
by whatever means, at some level) to unreasonably maintain their access to
undeserved power, money, resources, luxuries, etc., invariably to the detriment of the vast majority as is so here in
america today. There are very few positive things that can be said of america
today. I, for one, cannot think of any at all! [ ‘america, love it or leave it’? Love it?
Truth be told, I don’t even like america!
See, ie., http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm ]
}
http://albertpeia.com/fastestgrowingreligioninamericaislam.htm
May 3, 2012 By gpc1981 http://albertpeia.com/merkelsinhotwaternomorebailouts.htm
Some pictures for the past quarter http://albertpeia.com/42712pics.gif
http://albertpeia.com/notgoingtohappen.htm
{
First,
let me say at the outset, that if Ron Paul’s grandmother had had wheels, she’d
have been a trolley car. Not going to happen! Second, I include this article on
my website as a matter of first amendment principle, encouraged by the authors
of their website so to do. Third, and most important, it doesn’t matter what
Ron Paul does at this point. He’s totally irrelevant as he’s proven over and
over again to be at the end of an atypically grueling primary campaign. Quite
simply, with plenty of opportunity to do so, Ron Paul never resonated with the
primary voters of his own party, which party he himself chose. In a general
election, Ron Paul would be lucky to get (probably the low end of the range of)
15%-25% of the vote. Remember: we’re not talking about a high school debate
here, but rather an american general election with all its faults. There isn’t
one vote that potentially goes to the failed president obama that
couldn’t/wouldn’t as likely go, and upon reflection with rationality the
criteria would go to Mitt Romney. Obviously, that’s clearly not the case for
Paul. Wobama‘s a jive-talking loser who failed to do what he said he’d do last
time around which we now know if he had done this nation and the world would be
in a better position this day. Mitt Romney really wants to be President, which
of course is not the decisive test. He’s smart enough, and flexible enough
(which set up the primary battles to follow) to be President of all the nation.
He wanted it, fought for it, and has earned it. At the age of 77, one could
only at best say of Ron Paul that he should have started sooner. At worst,
given that Paul’s chosen defacto to favor the side of collectively the losers
for the proven loser, the mentally troubled b***s*** artist obama; which then
makes him no more than a loser himself, and an embittered, senile old man at
that. I side with the former missionary, President Mitt Romney and First Lady
Ann who I congratulate for their victory in what I further believe will be a
blowout victory in November. }
http://albertpeia.com/governmentchippinaway.htm
http://albertpeia.com/24factsproveamericaanationofslobs.htm
INFOWARS.COM http://www.infowars.com On the Wednesday,
May 9 edition of the Alex Jones Show, Alex talks with Douglas J.
Hagmann , founder and director of the Northeast Intelligence
Network. He is also the CEO of a private investigative agency serving a roster
of Fortune 500 clients. Due to his expertise in covert surveillance and
counter-terrorism, Mr. Hagmann has been used as an operational asset by the
U.S. Department of Justice, the FBI, as well as the Pennsylvania and New York
State Police agencies. Earlier this month, Doug said high-level, reliable sources
told him the Department of Homeland Security is preparing for “massive civil
war” in America as a result of a collapse of the dollar and the hyperinflation
that will result. Alex also continues his coverage of the Army's re-education
camps and the upcoming Bilderberg confab in Virginia.
http://albertpeia.com/foodkills.htm
Obama
criticizes Romney as 'backwards on equality' President
Barack Obama wasted little time casting Republican rival Mitt Romney as
"backwards on equality" on Thursday, eager to transform his historic
embrace of same-sex marriage into donor... { Except that wobama’s been as he
puts it, backwards on equality until one day ago when he embraced same sex marriage
for election-year expedience in desperation after opposing same for years; and,
don’t forget, despite promises to the contrary, no prosecutions for the big
frauds on wall street who remain in wobama’s monkey-eyes more equal than
others. The wobamas, wobama, stand for nothing whatsoever and are just a pair
of grifters who make the entire nation, if not the world, look dumb and
foolish! }
http://albertpeia.com/illegalimmigranttaxscam.htm
Poll: Obama Trails Romney By 7
Per Cent
Rasmussen
Reports
AFP
Newsweek cover: Obama ‘first gay president’
ABC News
Exclusive: Zimmerman Medical Report Shows Broken Nose, Lacerations After
Trayvon Martin Shooting
{ First and foremost clarification: There are no elite on
this planet. The grim reality for this planet is a dominant species descended
from initially notochords, primitive chordates, and relatively more recently
primitive apes. http://albertpeia.com/anthroindex1.htm , for a brief but
sorrowful history of man. }
http://albertpeia.com/planetalreadyruined.htm
http://albertpeia.com/newworldordervedgesmockus.htm
{ First, let me say that the vedges of the so-called new
world order are in no real position to mock anyone, so mockable as they indeed
are, as the incompetent vegetables that they in fact are, who have been the
very architects of ultimately their own and the planet’s decline, fall, and
demise. Yet, there is no question but that the ‘masses’ so mocked, deserve to
be mocked, having embraced their dismal fate at every turn; viz., their embrace
of ‘political correctness’, though contraindicated, as, ie., the embrace of the
violent, destructive nigger who literally would have them for dinner, or the
compulsion to embrace that which the state says is right, though
contraindicated, for political expedience owing to failure fed (including the
incompetent missteps of the failed fed) desperation, ie., gay marriage, etc.,
contrived wars / conflicts, among other clearly observable, self-interested
behavior of people, companies, nations, including the gargantuan bailed out frauds
on wall street to everyone’s (but the frauds’) detriment, still unprosecuted.
That the jive-talking, b***s*** artist/grifter/con-man obama has not been held
to even one of his former now broken campaign promises and is embraced by those
foolish enough to believe more of the same is testament to how deserving of
mocking the masses truly are. Make no mistake; the reality is that the ‘new
world order’/so-called ‘elite’ are not elite at all; but rather, incompetent
vegetables who can’t do anything right as they’ve now proven time and time
again. As I previously said: The Elite Believe That You Are
Ruining Their Planet And They Want You To Stop Reproducing { First and foremost clarification: There are no elite on
this planet. The grim reality for this planet is a dominant species descended
from initially notochords, primitive chordates, and relatively more recently
primitive apes. http://albertpeia.com/anthroindex1.htm , for a brief
but sorrowful history of man. }
http://albertpeia.com/planetalreadyruined.htm }
http://albertpeia.com/targetinguscitizens.htm
http://albertpeia.com/biguscitiescesspoolsoffilthdecaywretchedness.htm
http://albertpeia.com/unwantscontrolofinternetforcensorshiptaxessurveillance.htm
http://albertpeia.com/10signsamericanhighwaysnowhightechprisongrid.htm
L.A. KINGS'
$50,000 PUSHES REWARD IN BABY'S SLAYING TO $100,000 June
6, 2012 http://albertpeia.com/blackonbrowncrime.htm
{ When are people going to awaken to the
reality of the uncivilized nigger? Where’s the outrage for this 1 year old baby
who unlike hoodie trayvon martin killed in self-defense (from niggers) was not
a thief and was totally innocent? The tragic outcomes for ignoring the threat
of the uncivilized niggers! } http://albertpeia.com/blackonbrowncrime.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
'Failure':
Romney slams Obama on economy Mitt Romney called President Barack
Obama's handling of the economy a "moral failure of tragic proportions,"
suggesting he's failed the American people by enacting policies that have been
"muddled, confused and simply ineffective." Speaking at a campaign
event in St. Louis, the Republican nominee said it is "painfully
obvious" that Obama was "inexperienced" and "simply [...] {
Come on! This is really so blatantly true; and, what could have been expected
with 150 fundraisers plus more vacations than any predecessor, aside from photo
ops and teleprompted b***s*** sessions to hear himself talk, as with wobama
himself, there’s been nothing of substance!
IF IT WAS ONLY ONE THING ABOUT WOBAMA THAT MAKES HIM SO
WRONG. YET, IT’S A MULTITUDE OF REALITIES; FROM INVARIABLY BROKEN CAMPAIGN
PROMISES ( Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins
Oscar for Documentary on the unprosecuted massive extant fraud in the (many)
TRILLIONS by the frauds on wall street ( and declares with oscar in hand that
not one high level wall street exec has been prosecuted … despite ‘earning’
billions from the fraud ) Cases against Wall Street lag
despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. ‘ THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv , etc.) , TO VERY REAL BIRTH ISSUES (WHAT PERSON FAILS TO
GET THEIR PLACE OF BIRTH CORRECT – THE FRAUDULENT WOBAMA KIND http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm ) , TO THE CURRENT OBFUSCATING FRAUD, Obama's Five Trillion Dollar
Lie http://albertpeia.com/obamas5trilliondollarlie.htm { the economy is already in depression in real terms when taking into account real
inflation numbers. Financial Crisis Phase II Is
Ahead at Forbes Bert Dohmen ‘ In late 2007, I
wrote the book Prelude To Meltdown , predicting the
global crisis that occurred the following year. I now see a similar
confluence of events .. “the new recession has started.”… Over the past 33
years, we have called the start of every recession..Currently, the GDP deflator
is 1.8%, which hardly reflects the true rise in prices. Therefore, what is
counted as “growth,” is actually price increases. Actual inflation..is now more
than 11%. Using that to adjust GDP for inflation, would show that the economy
is now in a very sharp contraction…’ } , WOBAMA ET ALS’ DISINGENUOUS ATTACKS AGAINST
ROMNEY ON WHAT WAS PRIZED AND LAUDED AS LEGAL, COMPETENT MANAGEMENT INCREASING
SHAREHOLDER WEALTH (THE TASK OF COMPETENT MANAGEMENT) IN THOSE BLOATED,
NON-COMPETITIVE TIMES CONTRASTED WITH WOBAMA’S UNPRECEDENTED FURTHER
BANKRUPTING OF THE NATION AND INDISPUTABLE FAILURE AS PRESIDENT ( Obama's Legacy: A Failed Recovery & Double-Dip
Recession Forbes /
Mariotti ‘…There will be
no significant recovery in the United States of America while Barack Obama is
President. The evidence is overwhelming: everything Obama has tried
to fuel a recovery (with his Democratic allies in Congress) has failed.
Statistics claiming jobs saved by the stimulus package were mostly fiction, and
cost American taxpayers about $275,000 each. Nearly 2-1/2 million fewer
Americans have jobs than before the stimulus. Barack Obama has been President
for 30 months—2-1/2 years. He spent the first year obsessed with passing
Obamacare, a program that doesn’t create jobs, but might destroy a lot of them.
He “bailed out” GM, but many believe that his interference didn’t save
GM; it merely cost taxpayers an extra $15-20 billion, and stole from legitimate
investors to buy off the UAW. His broken campaign promises are too
numerous to list…’). IT IS NOTHING SHORT OF TRAGEDY TO SEE PEOPLE DELUDE AND
MAKE FOOLS OF THEMSELVES IN SUPPORT OF JIVE-TALKING GRIFTER/CON-MAN OBAMA.
GOOD-BYE FORMER FAILED PRESIDENT WOBAMA … GOOD RIDDANCE! }
http://albertpeia.com/25questionsmainstreammedianoanswers.htm
CNet News | The United Nations is considering a
new Internet tax targeting the largest Web content providers. Drudgereport: REPORT: UN to take up 'global Internet tax' proposal
… [ It is unfathomable that anyone takes such a failed organization as the u.n.
seriously; they’re a costly, extravagant, waste of money! Any costs so leveyed
should be deducted from dues foolishly and wastefully paid to the u.n.. Time to
abolish the u.n.! ] ...
{ The UN Wants Complete Control
Over The Internet And That Would Mean Unprecedented Censorship, Taxes And
Surveillance http://albertpeia.com/unwantscontrolofinternetforcensorshiptaxessurveillance.htm }
http://endoftheamericandream.com
http://albertpeia.com/howtodietime.htm
{ First and foremost
clarification: There are no elite on this planet. The grim reality for this
planet is a dominant species descended from initially notochords, primitive
chordates, and relatively more recently primitive apes. http://albertpeia.com/anthroindex1.htm , for a brief
but sorrowful history of man. }
[ 12 Pictures That Demonstrate
How The New World Order Openly Mocks Us http://albertpeia.com/newworldordervedgesmockus.htm { First, let me say that the vedges of the
so-called new world order are in no real position to mock anyone, so mockable
as they indeed are, as the incompetent vegetables that they in fact are, who
have been the very architects of ultimately their own and the planet’s decline,
fall, and demise. Yet, there is no question but that the ‘masses’ so mocked,
deserve to be mocked, having embraced their dismal fate at every turn; viz.,
their embrace of ‘political correctness’, though contraindicated, as, ie., the
embrace of the violent, destructive nigger who literally would have them for dinner,
or the compulsion to embrace that which the state says is right, though
contraindicated, for political expedience owing to failure fed (including the
incompetent missteps of the failed fed) desperation, ie., gay marriage, etc.,
contrived wars / conflicts, among other clearly observable, self-interested
behavior of people, companies, nations, including the gargantuan bailed out
frauds on wall street to everyone’s (but the frauds’) detriment, still
unprosecuted. That the jive-talking, b***s*** artist/grifter/con-man obama has
not been held to even one of his former now broken campaign promises and is
embraced by those foolish enough to believe more of the same is testament to
how deserving of mocking the masses truly are (people should be outraged and wobama
should be ‘ridden out on a rail’). Make no mistake; the reality is that the
‘new world order’/so-called ‘elite’ are not elite at all; but rather,
incompetent vegetables who can’t do anything right as they’ve now proven time
and time again. As I previously said:‘What
should be done with elderly Americans when they become very seriously
ill? Should we try to save their lives or should we just let them
die? Unfortunately, there is a growing consensus among the
"intellectual elite" that most elderly people are not going to have a
high enough "quality of life" to justify the expense of costly life
saving procedures. This philosophy is now being promoted very heavily
through mainstream news outlets, in our television shows and in big Hollywood
movies. The elite are attempting to convince us that killing off our sick
grandparents is cool and trendy. We are being told that "pulling the
plug" on grandma and grandpa is compassionate (because it will end their
suffering), that it is good for the environment and that it is even good for the
economy. We are being told that denying life saving treatments to old
people will dramatically reduce health care costs and make the system better
for all of us. We are being told that it is not "efficient" for
health insurance companies to shell out $100,000 for an operation that may
extend the life of an elderly person by 6 months. But the truth is that
all of this is part of a larger agenda that the elite are attempting to
advance. As I have written about previously, the elite love
death , and they truly believe that reducing the population is
good for society and good for the planet. Sadly, population control
propaganda has reached a fever pitch in recent months.
Time
Magazine has just come out with a very shocking cover story entitled "How
To Die". The article goes on and on about how wonderful and
compassionate it is to remove life saving treatment from sick relatives.
A
recent article by Mike Adams summarized the message of this
disgusting article....
Inside,
the magazine promotes a cost-saving death agenda that encourages readers to
literally “pull the feeding tubes” from their dying elderly parents, causing
them to dehydrate and die. This is explained as a new cost-saving measure that
drastically reduces return hospital visits by the elderly… yeah, because dead
people don’t return to the hospital, of course.
Many
of you also probably remember the Newsweek cover story from a couple years ago
that was entitled " The Case for Killing Granny ".
Underneath
that shocking title was the following phrase: “Curbing excessive end-of-life
care is good for America.”
According
to the author of that article , spending less
money on the elderly is the key to successful health care reform....
The
idea that we might ration health care to seniors (or anyone else) is political
anathema. Politicians do not dare breathe the R word, lest they be
accused—however wrongly—of trying to pull the plug on Grandma. But the need to
spend less money on the elderly at the end of life is the elephant in the room
in the health-reform debate. Everyone sees it but no one wants to talk about
it. At a more basic level, Americans are afraid not just of dying, but of
talking and thinking about death. Until Americans learn to contemplate death as
more than a scientific challenge to be overcome, our health-care system will remain
unfixable.
Sadly,
articles like that one are becoming quite frequent in mainstream media sources.
Just a
few days ago, a Bloomberg article entitled " How 'Death Panels' Can Prolong
Life " declared that we must "deny treatment to
people who want it" in order to hold down costs....
In
short, all the Republican talk during the health-care- reform debate about “death
panels” was melodramatic and unfair, but not ridiculous. One way or another,
holding down health-care costs will require policies that deny treatment to
people who want it. And want it because it will extend their lives.
This
goes on already, all the time. Health insurance companies have been known to
deny payment for treatments deemed unnecessary. Age limits for organ
transplants are another example. All policies that involve denying care because
of “quality of life” considerations are, in effect, “death panels.” But no
society can afford to give every citizen every possible therapy. Medicare is
going broke trying.
So who
are we supposed to deny treatment to?
The
elderly of course.
According
to that Bloomberg article, we are supposed to kill off our sick grandparents
because the "quality of life" they would be expected to have if they
recover would not be enough to warrant spending so much to save them....
A
$200,000 operation can add a year or two to the life of an octogenarian, or it
can save decades of life for younger people. In a country like the U.S., with
an average life expectancy of 78.5, it takes 10 septuagenarians who get an
extra five years from the health-care system to balance a single 30- year-old
who gets 50 extra years. Or save the life of a newborn, who then enjoys a
normal life span and dies at 78.5, and you have the same impact on national
life expectancy as 16 operations on septuagenarians. The average national life
expectancy can increase even as the cost goes down.
This
is the kind of thinking that starts happening in a society that dramatically
devalues life.
If
human life has little value, then it is easy to start justifying things that
would have once been unthinkable.
For
example, one surgeon is now suggesting that we should start harvesting organs
from patients before they die ....
Dr.
Paul Morrissey, an associate professor of surgery at Brown University's Alpert
Medical School, wrote in The American Journal of Bioethics that the protocol
known as donation after cardiac death -- meaning death as a result of
irreversible damage to the cardiovascular system -- has increased the number of
organs available for transplant, but has a number of limitations, including the
need to wait until the heart stops.
Because
of the waiting time, Morrissey said that about one-third of potential donors
end up not being able to donate, and many organs turn out to not be viable as a
result.
Instead,
he argues in favor of procuring kidneys from patients with severe irreversible
brain injury whose families consent to kidney removal before their cardiac and
respiratory systems stop functioning.
Do you
want your organs harvested before you are dead?
Sadly,
those that often do need organ transplants the most these days are often denied
for "quality of life" issues as well.
For
example, at one U.S. hospital a 3-year-old girl named Amelia was denied a kidney transplant that she
desperately needed simply because she is considered to be "mentally
retarded".
These
are the kinds of decisions that are being made by doctors and by health
insurance companies all over America every day.
And
did you know that life-ending drugs are going to be 100% free under Obamacare?
I did not
know this until I read a Christian Post article the other
day....
A
Christian-based legal defense alliance is warning Americans who already believe
that President Barack Obama's health care plan is a bad idea that the
"ObamaCare mandate is worse than you think."
"Everyone
likes a good surprise, but no one likes a bad surprise. So, you're really not
going to like the surprises buried in the 2,700 pages of this document,"
says the narrator of a short video produced by the Alliance Defense Fund.
"Did
you know that with ObamaCare you will have to pay for life-saving drugs, but
life-ending drugs are free. One hundred percent free. If this plan were really
about health care wouldn't it be the other way around?"
Apparently
they want to make it as easy to off yourself and your relatives as possible.
So
where is all of this headed?
Are we
eventually going to become like the Netherlands?
In the
Netherlands, mobile euthanasia teams are now going
door to door to help elderly patients end their lives in the comfort of their
own homes.
Is
that what we want?
Do we
want government agents going door to door to help people die?
As I
have written about previously, the elite believe that the world is massively
overpopulated and they believe that all of us are ruining their planet .
So
they love euthanasia, abortion and pretty
much anything else that will result in more people ending up dead. What are
your thoughts about all of this? Please feel free to post a comment with
your opinion below....’
Sobbing witness, 18, details sex abuse in Sandusky trial { The defense: just a
frolicking, cornholin’, fun-loving man-child; that sweet sandy was! Riiiiight! ‘… "After
cracking my back and rubbing his hands down the back of my shorts and blowing
on the stomach, he, he put his mouth on my privates," the man said,
holding back sobs as a silent courtroom listened. "I didn't know what to
do. With all the thoughts running through my head I kind of blacked out, I
didn't want it to happen," the witness added. The witness began to cry and
said Sandusky later had forced him to put his mouth on the coach's genitals…’ } http://albertpeia.com Crying
witness gives graphic Sandusky account
Witness:
I saw Sandusky in the showers with a boy
Shooting
rattles Auburn msnbc.com Three young men, including two college students, were killed and three
others wounded in a Saturday night shooting in Auburn, Ala. Ex-football
players dead in Auburn shooting [ Niggers will be niggers! ]
Mood
toward Romney's prospects brighten
What Obama isn’t telling us
A.M. Freyed | There’s plenty of
oil, and even the global elites can’t hide it anymore. The United States Has Plenty
Of Oil: 10 Facts About America's Energy Resources That Will Blow Your Mind http://endoftheamericandream.com http://albertpeia.com/10factsaboutamericanenergyresources.htm [ Well , first off, since we’re only talking decades at best, I agree the
alarmist propaganda is all for naught. Yet, make no mistake, those who equate
shale oil, deep water oil, etc., with that close to the surface, easily
recovered, ie., sweet crude, are as misguided. It’s kind of like that ‘asteroid mining’
that’s ‘become the rage’. Firstly, in hollywood (oh yeah, we’ve seen them
digitally land on asteroids, planets as in Avatar, etc., with ease and without
a hitch), they don’t keep books the way other businesses do, at least on the
creative end, viz., ie ., Cameron. And, what do you expect a former pilot to say, etc.? As an
example of ‘fuel price makes a difference’, anyone who thinks american airlines among others went
bankrupt because they’re so horribly managed or because they felt like
strategically avoiding their debt would be mistaken. For airlines it’s all
about fuel costs and load factors, capital intensive that they are, and pennies
literally do make a difference. Costs of extraction make a difference. Oh sure,
there’s loads of oil. It’s all about the costs of getting it. Peak oil really
has been reached in terms of ‘easy pickins ’. Some even argue/document
persuasively that current reserves of the ‘easy pickins ’ are over-stated. ]
Infowars.com | As the Queen waves on, relatively few remember the
cold-blooded murder which was then used as a giant psy-op on the public. Europe's Banking Union
'Non-Solution' , Guest Post: God Don't
Save The Queen { You know, I
recently have become somewhat bored of the topic ‘jolly old england’ despite
their glaring failure across the board, and a noisome intrusiveness as here,
for me, ie., orange street, conn. ( http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) , etc., and all the
negatives entailed therewith; yet, there’s something so nauseating about that
cloyingly bothersome nothingness that bespeaks old england, that ‘go along, get
along and pretend’, that I include the following from Zerohedge.com that’s
accurate, fair comment. } "Crowds
Cheer Queen On Last Day of Jubilee" So ran the headline from Time .
Yesterday marked the end of the “Diamond Jubilee” of Queen Elizabeth II of the
British monarchy. The four day celebration was is honor of her ascendancy
to the throne sixty years ago. Monarchies
are supposed to be antithetical to freedom. Under
feudalistic monarchism, the notion of personal liberty took a backseat to
loyalty to the king. Those who weren’t part of or close to the nobility
were referred to as subjects. These peasants were to serve without
question. Today, the only
difference between the systematic malfeasance and plunder that existed under
the rule of monarchs and that which defines the state is the ballot box. Voters
in a sense get to choose a small portion of their rulers. This gives them
the mirage of freedom when the nation-state they inhabit is no less than a
contemporary field of serfdom lorded over by kings. Too much of the public still behaves with the mindset of
servants. They are pathetically docile to those who hold the keys of
their shackles. What the
celebration of Queen Elizabeth’s sixty year rule showed is that the people of
Great Britain never really escaped from monarchy. See also, http://albertpeia.com/esotericagenda.flv
http://albertpeia.com/2trapsdestroyingnextgenerationofamericanmen.htm
http://albertpeia.com/totheguillotine.htm
Ming Qu and Ying Wu Murder Case: Two arrested in the
killings of ... (CBS) LOS ANGELES - Los Angeles
police Friday announced the arrests of two suspects in connection with the
shooting deaths of two Chinese graduate students who attended the University of
Southern California, reports CBS Los Angeles . [ { Yup! Typical lawless,
uncivilized niggers! The following comment to the article sums it up: ‘Three
blacks shooting two Chinese students. Where is the public outcry and protests?
Where are all of those that were screaming injustice when Trayvon Martin was
shot?’ } http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]
http://albertpeia.com/whydoesmainstreammediaignorebilderberggroup.htm
Submitted by Tyler Durden http://albertpeia.com/usdhsadmitsmonitoringyouforthese377words.htm
http://endoftheamericandream.com
http://albertpeia.com/2yearsinprison.htm
{ I personally am against any and all forms of corporal
punishment, ie., hitting, striking, spanking, etc., of a child and include this
article as a matter of first amendment principle. I understand that in an
inherently and pervasively lawless nation as america, the surface appeal of
corporal punishment is compelling. I disagree with the author’s premise: ‘ When many of us
were growing up, once in a while our parents would take out a belt or a wooden
paddle and give us a paddling on the behind when we did something wrong. Was
there anything wrong with that? Of course not.’ }
Americans
target of state-sponsored assassination program
Paul Joseph Watson
President Barack Obama’s unconstitutional secret ‘kill list’ includes a
17-year-old girl along with several American citizens, according to a New York
Times report.
“Mr.
Obama has placed himself at the helm of a top secret “nominations” process to
designate terrorists for kill or capture, of which the capture part has become
largely theoretical. He had vowed to align the fight against Al Qaeda with
American values; the chart, introducing people whose deaths he might soon be
asked to order, underscored just what a moral and legal conundrum this could be,”
reports the NY Times , adding that
one of the targets in Yemen is “a girl who looked even younger than her 17 years,”
and that “Several were Americans.”
The
White House has asserted the right to carry out state-sponsored assassination
anywhere in the world without having to provide any evidence or go through any
legal process. The administration merely has to state that the target is a
terrorist and it doesn’t matter whether they are an American citizen or not, as
we saw in the case of American-born Anwar al-Awlaki
and his son , who were both killed last year.
In
December, Obama administration lawyers
reaffirmed their backing for state sponsored assassination,
claiming that “U.S. citizens are legitimate military targets” and do not have
the right to any legal protection against being marked for summary execution.
During a CBS 60 Minutes
interview in January , Secretary of Defense Leon Panetta
revealed that Obama himself personally approves the policy to kill American
citizens suspected of terrorism without trial on a case by case basis.
“So it’s the
requirement of the administration under the current legal understanding that
the president has to make that declaration, not you?” Panetta was asked, to
which he replied, “That is correct.”
The
fact that the administration is carrying out state-sponsored assassination with
absolutely no regard to legal due process in the name of fighting Al-Qaeda is
particularly brazen given the fact that the US has backed Al-Qaeda
terrorists in both Libya and Syria in the effort to overthrow
Colonel Gaddafi and Bashar Al-Assad.
“In
the USA, it is illegal to impose executions on people under 18, something that
most Democrats would support, I suppose. Yet, their vaunted president, Barack
Obama, has declared that a 17-year-old girl is to be gunned down if American
spies can find her,” writes Bill Anderson .
“Somehow,
I doubt that there will be a peep of protest about that at the Democratic
National Convention this summer. And, to make things even more depressing, I’m
sure that the Republicans will claim that Obama is “soft on terrorism” and is
too “timid” to launch the U.S. Killing Machine in full force. So it has come to
this: Washington, D.C., is the new home of Murder, Inc.”
Given that spy drones used to hunt down
insurgents in Afghanistan and Iraq are now not only being deployed domestically
but also armed with non-lethal
weapons , how long before such technology is
used to assassinate American citizens on U.S. soil based on the mere claim that
the target is a terrorist?’ http://albertpeia.com/20signsamericaoverrunbypsychos.htm
http://endoftheamericandream.com
http://albertpeia.com/usmultilingual.htm
Woman charged in NJ deaths of
2 Canadian tourists AP ‘…The killings marked the third
and fourth homicides involving visitors to Atlantic City in the past two years.
Exactly two years before the women were attacked, a casino patron from northern
New Jersey was carjacked inside the Taj Mahal casino parking garage and later
killed. A man convicted in that case is to be sentenced on Thursday. In
September, another casino patron, also from northern New Jersey, was carjacked
from the same garage and later fatally shot. Three young men are awaiting trial
in that case…’ {Then there’s the pervasive mob element…jersey is disgusting!}
Romney opens new front vs Obama: schools are failing
Romney fires back: Election is about Obama's record
Romney promotes education agenda, defends Bain Originally
planning to focus on education, Mitt Romney instead reignited the debate over
his business credentials on Wednesday, welcoming scrutiny of the private equity
firm he co-founded and declarin...
http://albertpeia.com/top50excusesfornotprepping.htm
‘Queen of Disco’
Donna Summer ‘thought she became ill after inhaling 9/11 particles’ { She was not alone in that
regard; and, I believe it. When you have (as I have) read innumerable studies /
etiologies regarding the synergistic effects of multiple, known inhaled
carcinogens (ie., in the context of asbestos litigation), you realize that such
as also reported by first responders, is neither fantasy, paranoia, nor fabrication.
} London Telegraph | The singer
had told friends she believed her illness was the result of inhaling toxic dust
from the collapsed Twin Towers.
‘JERSEY BOY BRUCE’, STALWART WOBAMA SUPPORTER, WILL HE
CHANGE THE WORDS TO: ‘Wasn’t Born in the U.S.A.’ , ‘Wasn’t Born in the U.S.A.’ Say it isn’t so ,‘Jersey Boy Brucie’! Sing it Brucie: Not born in the usa, Not born in the usa, O’s not born in the usa, O wasn’t born in the usa! breitbart.com | Obama’s publisher
reveals more evidence Obama in violation of the Constitution. Aaron Dykes | Publicist says “fact checking” not
correspondence with Obama to blame, as apology is rushed out
Infowars | Over 16 Years, Obama’s Literary Agency Circulated
Official Biography Listing Birthplace as Kenya, Suddenly Changing it to Hawaii
in 2007 Ahead of Bid for Highest Office
Infowars | Obama’s own authorized biography while president of
the Harvard Law Review says he was “born in Kenya.”
Paul Joseph Watson | Establishment media pulls stunt in
effort to diffuse ‘birther’ controversy.
Establishment
media pulls stunt in effort to diffuse ‘birther’ controversy
Paul Joseph Watson Infowars.com Friday, May 18, 2012
The
establishment media hastily seized on yesterday’s explosive story about a
literary publication listing Barack Obama’s birthplace as Kenya in an effort to
claim that the 1991 brochure was the “origin” of the entire ‘birther’ issue. In
reality, evidence that Obama was born in the African country is abundant.
A
literary agent’s promotional text for a 1991 brochure released yesterday by
Breitbart.com states Obama was “born in Kenya and raised in Indonesia
and Hawaii.”
Yahoo News , along with a
deluge of other mainstream news outlets, responded by reporting that the
document was potentially the “source” of the birther controversy and had merely
been a mistake.
The
literary agent who wrote the description, Miriam Goderich, now works with
Dystel & Goderich agency, which lists Obama as one of its clients . Unsurprising
therefore that Goderich hastily claimed listing Obama’s birthplace as Kenya was
“nothing more than a fact checking error.”
However,
evidence to indicate that Obama war born in Kenya is plentiful and it goes
significantly beyond the 1991 version of the brochure.
-
Despite claiming the passage about Obama’s birthplace being Kenya was a
mistake, the listing still maintained that Obama’s birthplace was Kenya until
after Obama became a U.S. Senator. “Goderich’s statement fails to explain why
the “fact checking error” persisted for sixteen years, through at least three
different versions of Jane Dystel’s website, and through at least four
different versions of Obama’s biography,” reports Breitbart.com .
- The
literary agency also updated the text in June 1998 , but the part
about Obama being born in Kenya was retained.
- The
text was again updated in February 2005 to reflect the fact that Obama had
become a Senator, but Kenya was still listed as his birthplace.
-
After an April 2007 modification of the text, the passage still read Obama,
“was born in Kenya.”
- As Steve Boman reveals , the Dystel
& Goderich agency asks its clients to submit their own biography, meaning
it’s virtually impossible the listing of Obama’s birthplace as Kenya could have
been a “fact checking error” on behalf of the literary company itself.
-
During a speech about HIV, First Lady Michelle Obama said she and Barack Obama
“visited his home country of Kenya.” Watch the clip below.
- In
2008, Obama’s paternal step grandmother appeared to
indicate publicly that Barack Obama was born in Kenya. In an interview
conducted by American Christian minister Ron McRae, Sarah Obama was asked,
‘Were you present when your grandson was born in Kenya?’” McRae testified in
his sworn statement. “This was asked to her in translation twice, and both
times she replied, “Yes! Yes she was! She was present when Obama was born.”
-
Another source who met Sarah Obama told World Net Daily, “I have keenly and
attentively listened to the tape over and over again, and I can confirm from
Sarah’s own confession that Barack Obama was born in Kenya in her presence.”
- A
separate Kenyan government official agreed, stating, “I have listened to the
tape. The preacher asked whether Barack Obama was born in Mombassa, and the
translator asked the same. When she said Mombassa, it was like a surprise, and
those there thought she could not have meant to say Mombassa.”
- When
New York Times bestselling author Jerome Corsi traveled to Kenya to investigate
the claims, he was almost immediately kicked out of the country by Kenyan
officials.
- When
Kenya’s National Security Intelligence Service investigated claims that Obama was born in Kenya , officials in
Nairobi found “relevant birth records may have been removed or were missing.”
-
Obama has deep political connections in Kenya. From 2006 onwards he rallied in support of Islamist
Raila Odinga in Kenya , helping him impose Sharia law. When
Odinga lost the Kenyan election in 2008, his supporters rioted, unleashing a
wave of violence. Despite the bloodshed, Obama used his influence to aid Odinga
in retaining his position as part of a coalition government.
For
the mainstream media to imply that the 1991 brochure is the “source” of the
claim that Obama was born in Kenya is completely inaccurate. Not only was that
brochure updated many times right up until 2007, with the information about
Obama’s birthplace being Kenya retained, but there are numerous other factors
which all indicate that Kenya could indeed be Obama’s homeland.
*********************
Paul
Joseph Watson is the editor and writer for Prison Planet.com
Similar/Related Articles
Literary Company Behind Kenya
“Error” Still Lists Obama As Client
Breaking: Smoking Gun Evidence
Obama Born in Kenya
Bombshell: Obama “Born in Kenya”
Oops! Text Editor Rushes Out
Apology for Kenya ‘Mistake’ in Obama’s Bio
Official Bio Said Obama Kenyan
Born UP UNTIL April 2007 When Campaign Began
Shocking New Birth Certificate
Proof Obama Born In Kenya?
Meme-Stream Media Offers
Counter-Theory: Maybe 1991 Mistake Birthed ‘Birthers’
Video: Barack Obama Was Born in Kenya
What if Barack Obama was in fact born British?
Michelle Obama: Kenya is Obama’s Home Country
Hawaii elections clerk: Obama not born here
AP declared Obama “Kenyan-Born”
Infowars.com | Alex speaks with Congressman Walter B. Jones, Jr.
about H.CON.RES.107.
New evidence in Trayvon Martin
case raises more questions
On the Thursday, May 17, 2012 edition of the Alex Jones
Show, Alex talks with former FBI translator and founder of the National
Security Whistleblowers Coalition, Sibel Edmonds . Her allegations of misconduct within the FBI following the attacks of
September 11, 2001, came to the attention of the Senate Judiciary Committee and
led to a call for an independent audit of the FBI's translation unit. She
subsequently gave sworn testimony accusing current and former members of the
government of treasonous activity. Edmonds is the subject of a documentary, Kill the Messenger , and she hosts a website, Boiling Frogs . The FBI has attempted to prevent the
publication of her book, Classified Woman: The Sibel
Edmonds Story . Alex also covers the Obama impeachment
bill, calls for a more invasive and “tougher” TSA, and the continued government
crackdown on raw milk. Bombshell: Obama
“Born in Kenya” Infowars | Obama’s own authorized biography while president of
the Harvard Law Review says he was “born in Kenya.”
Aaron Dykes | Publicist says “fact checking” not
correspondence with Obama to blame, as apology is rushed out
Infowars | Over 16 Years, Obama’s Literary Agency Circulated
Official Biography Listing Birthplace as Kenya, Suddenly Changing it to Hawaii
in 2007 Ahead of Bid for Highest Office
Infowars | Paul Harvey predicts the future with the radio piece
from the early 90′s.
Infowars | Obama’s own authorized biography while president of
the Harvard Law Review says he was “born in Kenya.”
breitbart.com | Obama’s publisher reveals more evidence Obama in
violation of the Constitution.
Paul Joseph Watson |
Defense Secretary re-affirms Obama administration’s unconstitutional
stance. { Wow! Talk about making up the ‘rules’ as you go along! Absolutely
shocking! }
Prisonplanet.com
| Defense Secretary Leon Panetta says the President has the authority to
override Congress’ exclusive power to declare war, if some “vital interest” is
at stake. { Wow! Talk about making up the ‘rules’ as you go along! Absolutely
shocking! }
INFOWARS.COM http://www.infowars.com On the
Wednesday, May 9 edition of the Alex Jones Show, Alex talks with Douglas J.
Hagmann , founder and director of the Northeast Intelligence
Network. He is also the CEO of a private investigative agency serving a roster
of Fortune 500 clients. Due to his expertise in covert surveillance and
counter-terrorism, Mr. Hagmann has been used as an operational asset by the
U.S. Department of Justice, the FBI, as well as the Pennsylvania and New York
State Police agencies. Earlier this month, Doug said high-level, reliable
sources told him the Department of Homeland Security is preparing for “massive
civil war” in America as a result of a collapse of the dollar and the
hyperinflation that will result. Alex also continues his coverage of the Army's
re-education camps and the upcoming Bilderberg confab in Virginia.
http://albertpeia.com/42712pics.gif
RT | A new Department of Defense document has been leaked
to the Web that details “Internment and Resettlement Operations.”
Paul Joseph Watson | Political activists would be pacified
to sympathize with the government.
http://albertpeia.com/whatwhosehistory.htm
http://albertpeia.com/unsoundslikeaplanfordisasterontheway.htm
How Liberty Was Lost
Paul
Craig Roberts | When did things begin going wrong in America?
http://albertpeia.com/howlibertywaslost.htm
Paul Joseph Watson | The five core reasons why Obama
should be impeached.
THE
FIVE CORE REASONS WHY OBAMA SHOULD BE IMPEACHED
Paul Joseph Watson
A new
national movement has been launched to impeach President Obama based around
five core issues which clearly demonstrate how Obama has flagrantly violated
the Constitution.
The
campaign, backed by director, producer, actor and writer Sean Stone, is a
follow-up to North Carolina Republican Walter Jones’ efforts to bring the
administration to account for launching unconstitutional wars without the
authorization of Congress. Jones’ recently introduced
resolution states that such actions represent “an impeachable high
crime and misdemeanor.”
The
five core reasons for impeachment proceedings to be launched can be summarized
as follows;
#1) Despite promising otherwise, Barack Obama committed U.S.
military resources to overthrow Libyan leader Colonel Gaddafi without any kind
of congressional authorization whatsoever and without citing any evidence that
Libya under Gaddafi was a threat to the security of the United States.
Furthermore, Obama brazenly undermined the power of Congress by insisting his
authority came from the United Nations Security Council and that Congressional
approval was not necessary. “I don’t even have to get to the Constitutional
question,” Obama churlishly remarked.
#2) On New Years Eve 2011, Obama signed into law the
National Defense Authorization Act which includes provisions that permit the
abduction and military detention without trial of U.S. citizens. Despite Obama
claiming he would not use the provisions to incarcerate U.S. citizens, it was his administration that
specifically demanded these powers be included in the final
NDAA bill.
#3) The passage of the Obamacare bill, under which Americans
will be forced to buy health insurance, is clearly anathema to the
Constitution. “The individual mandate is unprecedented and exceeds Congress’s
power to regulate interstate commerce. If it is allowed to stand, Congress will
be able to impose any kind of economic mandate as part of any kind of national
regulatory scheme,” writes Ilya Shapiro , a Senior
Fellow in Constitutional Studies, Cato Institute.
#4) Obama’s role in the economic looting of America since he
took office is unprecedented. Specifically, Obama violated the Constitution’s
Takings and Due Process Clauses when he bullied the secured creditors of
automaker Chrysler into accepting
30 cents on the dollar while politically connected labor unions and
preferential others received better deals.
#5) Finally, Obama’s use of signing statements shows his
desire to continue in the vein of George W. Bush and rule by executive fiat.
This is a direct violation of Article II of the Constitution.
You
can support this effort to get political momentum behind starting the
impeachment process against Obama by forwarding this article and video to your
network on Facebook, Twitter, You Tube and every other platform of
communication.
If the
makers of Kony 2012 can receive international viral coverage for putting out a
film that was little more than a veiled call for another unconstitutional
invasion, this call to impeach Obama deserves equal attention.
Read
further information about the reasons why Obama should be impeached here .
Gerald Celente:
The Empire is Collapsing Prisonplanet.com |
“The cities are going to look like Dodge City. They’re going to be
uncontrollable. You’re going to have gangs in control, motorcycle marauders.”
Tyson on
Zimmerman: 'It's a disgrace that man hasn't been shot yet' [ Spoken like
the true ape, dumb nigger he is! If he had been an extra in ‘Planet of the
Apes’, they could have saved money on make-up / costumes. The reality is, if
that were the criterion and rule, given the overwhelming prevalence of black
violence, particularly black on white violence, there’d be a lot of dead
niggers. Niggers are a scourge wherever they are; a black plague, if you will.
The reality is that in this nation, having been overrun by niggers, americans
have become the new age dinosaurs. As for tyson, the ugly little monkey that no
one wanted, now full-grown angry ape, his IQ is well below the average 100. Ape
tyson is just a disgrace, period. He’s a typical ignorant, violent ape/nigger.
Life with ape tyson, also a convicted rapist, was described by his then (soon
to be former) wife, Robin Givens, in a live televised interview with him
present (you can only imagine the unsaid) as ‘hell’. He’s mentally deranged
(too many head shots?), but he does profess typical nigger sentiment. Panthers Call For Violent
Revolution, Race War, Bloodshed Against ‘Honkies’ (Video) Some typical comments: Reply:
11 percent of
population and they always have thier hands out begging for more.No matter how
much yougive them its never enough.Filthy animals is all they are.
Dandroid Reply:
Show trial to
keep the peace? Cities will burn if hes found not guilty!
Startover Reply:
Let the cities
burn, send the Army in to finish them off
There is only
one victim in this case and that is Zimmerman
Eduard Reply:
Precisely!!
That was my thought. This press release sounded more like a minor league actress
thanking everyone at a Grammy Award for her success. Then again, I can’t
emphasize enough how despicable the “lawyer” field really is. There is no shame
in it. The profession is a giant conflict of interest. Moreover, the rules of
lawyer ethics always being pulpitted is nothing more than consumable fodder for
the gullible. Ethics and lawyers? Laughable isn’t it? That’s like Lucifer
passing out copies of the decalogue. This whole twist to the
“mestizo-reported-as-a-white man” Zimmerman case has notched into a renewed
effort of politicalization for formenting a racial war. …’ ]
http://endoftheamericandream.com
http://albertpeia.com/stripyouanytime.htm
http://theeconomiccollapseblog.com
http://governmentparasitesforobama.htm
http://albertpeia.com/19thingstvtalkingheadsdontsay.htm
Aaron Dykes | Only global government can save humanity, researchers
claim while echoing MIT/Club of Rome model for collapse by 2030.
10 Things Online Data Collectors Won't Say - They
know your online browsing secrets. We reveal their hidden tactics. By TANIA KARAS
http://albertpeia.com/10thingsonlinedatacollectorsdontsay.htm
Militarization of Police in
America: Trained by Mossad Press TV | Treating peaceful American protesters like
terrorists. { Trained by mossad? How
pathetic if true! Oh, yeah, they cheered the firey implosion of the 911 twin
towers; not too difficult to figure out why. After all, with america now in
their game (that ‘pearl harbor event’ the neocons / military industrial
complex, etc., were shootin’ for), it would give them time for their orgies,
typical bacchanalia, extravagance, etc., see Victor Ostrovsky - Wikipedia, the free
encyclopedia en.wikipedia.org/wiki/Victor_Ostrovsky Jump
to By Way of Deception By Way of Deception
to draw attention to the corruption and shortcomings of the mossad …}
http://albertpeia.com/cellphoneprisonershackedandtracked.htm
Timeline:
Major U.S. school and college shootings http://albertpeia.com/majorsuschoolcollegeshootings.htm
The
Daily Bell | These bills are all about the criminalizing of the Internet. [
Yes, indeed! Consistent with and as set forth infra in this article, my direct
experience is that connecticut is just a corrupt nothing state that’s a ‘go
along to get along participant’ in the new york/new jersey corruption/mob axis.
Virginia is similarly corrupt with government mob a dominant player with a
parasitic/symbiotic relationship with mob as well as non-mob aka ‘sometimes
politics’; and california is just out to lunch which is consistent with
reputation which is reality; though still light years better than, ie., jersey,
etc.. On Drudge recently and my comment: Arizona Passes Sweeping Internet Censorship Bill…[
arizona is such a nothing, desert wasteland of a state; with war-mongering,
neo-con moribund loser mccain a testament to that fact]... ]
US Internet Criminalization
Now Pursued at State Level – Conn. Attacked The Daily Bell
ACLU
Blasts ‘Electronic Harassment’ Bill; Says It Criminalizes Free Speech … The
American Civil Liberties Union of Connecticut is blasting a bill proposed by
state prosecutors that would make “electronic harassment” a crime — including
such acts as posting information on the Internet that “has the effect of
causing substantial embarrassment or humiliation to [a] person within an
academic or professional community.” The bill, which comes up for a public
hearing by the legislature’s judiciary committee Thursday, “criminalizes speech
that is protected by the First Amendment of the Constitution,” said Sandra
Staub, legal director for the state ACLU. “It’s vague. It’s overbroad.” For
example, Staub said, it contains “no standards for substantially interfering
with someone’s academic performance.” – N Hartford Courant
Dominant Social Theme: Now SOPA moves to the states. Good.
Free-Market Analysis: These bills are all about the
criminalizing of the Internet. Now that SOPA has been pushed back on the
federal front, the action is turning to the states. The idea, in our view, is
to whittle away at the Internet bit by bit. Create precedent at the state level
and then move in again at the federal level.
The
powers-that-be don’t like the Internet or what we call the Internet
Reformation that has changed the context of the power debate in the US and
throughout the world.
The
Internet has exposed the memes of the elite, the dominant social
themes that are used to promote world government by scaring people into
cooperating with internationalist facilities like the UN.
The
powers-that-be are using the same strategies as regards the Internet. They are
trying to convince people that a series of organized electrons are as a
dangerous as a dark alley on a bad side of town. The Internet needs to be
seriously policed and criminalized.
SOPA
itself was an attempt at this criminalization. Here’s something from Wikipedia
on the bill, which has not passed thus far:
The
Stop Online Piracy Act (SOPA) is a United States bill introduced by U.S.
Representative Lamar S. Smith (R-TX) to expand the ability of U.S. law
enforcement to fight online trafficking in copyrighted intellectual property
and counterfeit goods. Provisions include the requesting of court orders to bar
advertising networks and payment facilities from conducting business with
infringing websites, and search engines from linking to the sites, and court
orders requiring Internet service providers to block access to the sites. The
law would expand existing criminal laws to include unauthorized streaming of
copyrighted content, imposing a maximum penalty of five years in prison. A
similar bill in the U.S. Senate is titled the PROTECT IP Act (PIPA).
Whether
or not these bills are being written by well-meaning people, they have the
result of turning a free-speech arena into a criminally patrolled environment.
As a result, communication will suffer and the ability of people to explain to
each other the Way the World Works will also degrade. Here’s more from the
article excerpted above:
As
the bill is written, someone could be charged with electronic harassment — and,
theoretically, jailed for up to a year and fined $2,000 because the crime would
be a “class A” misdemeanor — if he or she posted information about a person
that was true, Staub said. For example, she said, even if a student posted
accurate information on Facebook saying that a certain professor had committed
misconduct in the past, and that professor found it embarrassing or
humiliating, the professor could ask the police to arrest the student.
Civil
statutes and long-established case law already deal with allegations of
defamation — a person can sue for slander or libel if his or her reputation is
damaged by untrue information — and there’s no need to criminalize the issue,
Staub said.
The
virtue of civil defamation law is that a person cannot be held liable for
defamation if the offending statement is true, Staub said, noting that the
“electronic harassment” bill, as written, even removes truth as a defense.
Besides,
Staub said, in a free society citizens should be able to offer negative
opinions that may not even be absolute fact. Students should be allowed to rate
the performance of professors, for example, by offering criticisms that they
are inept or seem to take their lectures right out of some textbook, Staub said.
“We have a constitutional right to annoy, bother, and offend, basically.”
Whatever
else the ACLU may be, they have moments when they perform a real service, as in
this case. There is nothing on the Internet that needs another law to confront
it, as Staub herself notes. “Moreover, there are already criminal laws under
which people are arrested for threatening and harassing others, she said. These
existing criminal statutes contain well-established standards for what
constitutes a crime — such as making statements to a person that cause him or
her to fear physical harm.”
Perhaps
a key point made in the article is a statement by Staub that the bill, Senate
Bill 456, “has emerged seemingly out of nowhere, relatively far into the
legislative session … ‘I have no idea why this bill is here.’”
We
think we do, though. The US is apparently in the grip of directed history. A
small criminal clique has grasped control of the US and is driving the country
and the world toward global government. The Internet stands in their way and
they will destroy it if they can.
Who
knows if the Connecticut bill will go anywhere. It is “overly broad,” to say
the least. But its introduction in Connecticut – a fascist mess of a state
– is notable.
It
does seem, in our humble view, to mark another expansion of the elite’s war
against the Internet in the US. Perhaps there are similar initiatives being
pursued in other states as well.
Conclusion: They begin at the federal level. That’s the first and
simplest option. But now they are likely starting to work their way down to
state and even municipal levels if necessary. This is how the dialectic is
pursued.
United States of Mass Murder:
Only Mao Killed More
Kurt Nimmo | The United States killed more than Stalin and Hitler?
http://theeconomiccollapseblog.com
http://albertpeia.com/tornadoestothemidsection.htm
http://theeconomiccollapseblog.com
http://albertpeia.com/preppers.htm
Timeline: Major U.S. school and college shootings http://albertpeia.com/majorsuschoolcollegeshootings.htm
Prison
Planet.com | “We want to create (what’s called) a global minimum tax”.
Washington
Examiner | Rush was wearing a grey hoodie under his suit jacket. [ Typical
nigger in the house of bad black reps. Female members, keep your purses close
when ‘bobby bobby r’ is near; the temptation might prove to be too much for his
inner nigger soul man. ]
http://endoftheamericandream.com
http://kidsterrorizedbyterrordrills.htm
Kurt Nimmo | French citizens visiting “extremist” websites would be
treated same as those who look at child pornography.
[ Little nicky is so pathetic and a testament
to how far france has fallen. Former ‘mossady’, this pro-zionist incompetent
has really pulled france down, including his affront by ejecting his French
wife in favor of the ‘experienced’ italian carla bruni, while midstream in
public office no less. Like obama, he sounded like the ‘old biddies’ they are
in plaintively expressing their displeasure with the bloodthirsty incompetent
war-monger netanayahu (that ‘leave the microphone trick’). How pathetic for the
world to have such failed leadership. The problem is, as with Galileo, Copernicus,
etc., what if the ‘extremists’ are right? All truth passes through three
stages. First, it is ridiculed. Second, it is violently opposed. Third, it is
accepted as being self-evident. --Arthur Schopenhauer And, who determines what’s extreme? ]
Drudgereport:
Obama gets personal over killing of black Florida
teenager... Urges 'soul-searching'... More Miami schools stage mass walk-outs... Gingrich calls Obama's Trayvon comments
'disgraceful'... Cops: Man threatened to kill police chief at center
of case... Jeb Bush: 'Stand your ground' invalid here... Miami Heat Players Don Hoodies... 'Dead or Alive' Poster Issued by New Black Panther
Party...
Zimmerman (and this is no endorsement – I won’t be looking at this one
incident all that closely) was at least trying to do a good thing made necessary
by the ever increasing number of brutal crimes committed by the black thugs in
neighborhoods across the nation; then there’s somalian pirates, etc.. People
domestically and internationally are suffering from nigger-fatigue and are
totally niggered out. Oh, yeah, there are some Hollywood types who feel good
about themselves having niggers around and helping niggers to help them feel
better than they really are, insecure as they are, by being better than at
least someone beyond fantasy. Loony george clooney is one. Dreadfully boring
and with that monotone, monotonous voice and not that bright, he’s not even
able to fake it on screen as an action hero (ie., batman, what a horrific
miscast) wimpy pussy in reality that he is; then there’s the ‘black (sean) penn’
who cried like a baby while incarcerated for a couple of days not that long
ago. The atheist jolie, so fatherly troubled as she is, has let the equally
mentally troubled pitt (she so nutty she makes him feel somewhat sane though
still not too bright) and pendulum ‘backwoods bob’ be the closest she’s gotten
to her black projects. Let them live anonomously (in disguise) with the niggers
for some time for a real close look and then see what’s left of their
predisposed love for the nigger. Then there’s the italian scallion, booby
deniro; drug addled as his black wife high-tower, what a total embarrassment to
Italians everywhere; even as he tried to ingratiate himself recently with
niggers everywhere and particularly national embarrassment mammy michele with the
embarrassing pro-nigger first lady remark..
[ Send the niggers back to sub-saharan Africa! ]'BLACK NIGGERS [ NOT WHITES BY NIGGERS THE
IMPLICATION DESPITE FACTUAL DATA TO THE CONTRARY ] ARE UNDER ATTACK [ SAYS NIGGER SHAKEDOWN ARTIST JACKSON] ' Obama: ‘If I
had a son, he’d look like Trayvon.’ Farrakhan Threatens 'Retaliation'… [ Retaliation? Can
you imagine the number of blacks that would have to be retaliated against based
upon the hushed reality of the prevalence of black on white crime? The blacks
should be careful what they wish for in playing that game because the facts
don’t break in their favor. ] ...
People have become weary of making up excuses for blacks (like obama,
holder, etc.). At some point, as now, people should not be timid about relating
the cold, unvarnished truth statistically / factually about blacks and,
ie., black on white violent crime,
etc..
From Pat Buchanan: As for racism, its ugliest manifestation
is in interracial crime, and especially interracial crimes of violence. Is
Barack Obama aware that while white criminals choose black victims 3 percent of
the time, black criminals choose white victims 45 percent of the time? Is
Barack aware that black-on-white rapes are 100 times more common than the
reverse, that black-on-white robberies were 139 times as common in the first
three years of this decade as the reverse? We have all heard ad nauseam from
the Rev. Al about Tawana Brawley, the Duke rape case and Jena. And all turned
out to be hoaxes. But about the epidemic of black assaults on whites that are
real, we hear nothing.
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
The reality is that blacks are an
insoluble problem wherever they are. That’s not going to ever change; not
make-shift/make-work jobs; not programs; not anything tried or to be tried;
hence, they must be treated as exactly that – problems – before a solution can
be derived and fashioned. ] [ Send the niggers, including niggerbama back to
sub-saharan africa! ]
EUROPE RIDICULES OBAMA... 'Maybe copy key got stuck on
presidential speechwriter's keyboard'... REPORT: Corzine Ordered $200M Moved to JPMORGAN Days
Before MF GLOBAL Collapse... ...memo contradicts Corzine testimony LATEST DOCUMENT DUMP: White House was
all-hands-on-deck as SOLYNDRA collapse neared... APPLE Flash Crash: Single Trade Causes 9% Plunge...
APNewsBreak: Marine critical of Obama faces charge [ This one
caught my eye. While it is true that good soldiering requires absolute
discipline by definition, oaths should be taken seriously, honored, and given
effect. That said, burning Qurans was the product I assume of orders reflecting
even more than just stupidity; hence, whoever gave the order should pay the piper. If no order, and stupidity as
with urinating on the bodies of the dead, can and should the actors be held
accountable for such gross stupidity? Absolutely! However, one must be mindful
of the reality that marines invariably have ‘skin in the game’ when it comes to
consequences of commanders in chief incompetence, unlawful acts, poor judgment
particularly as impacted by questionable mental states (arbitrarily taking the
last three presidents as illustrative, viz., clinton, bush, obama certainly
reflect this reality and concern coupled with the unnecessary murderous results
of their actions). There has been a longstanding rebuke of the ‘just following
orders’ defense accorded soldiers since particularly the nazi regime as an
example. As such, Stein certainly should be lauded for saying what all soldiers
should already know; namely, the unlawful detention of americans, among other
constitutionally barred activities should not be among those orders they are
willing to follow. The proscriptions of posse comitatus should also serve as a
guide. This is particularly important given the fragile mental state of
americans generally, and america’s leadership especially. No longer is it, if
ever it was, true that americans can be trusted to do the right thing. In fact,
quite the opposite is true. Wobama is a desperate and incompetent failure as
president whose invariable breach of campaign promises is a testament to his
unsuitability for the office he currently occupies; and, one can only thank
Stein for recognizing what could devolve into a much more serious and
devastating scenario for the nation owing to wobama’s ever increasing political
desperation. Broadly and generally, murky areas as this, even involving the
military, should be resolved in favor of free speech, first amendment
guarantees and against censorship. Guest Post: The Ascendence Of
Sociopaths In US Governance Durden How did we get
here? An argument can be made that miscalculation, accident, inattention and
the like are why things go bad. Those elements do have a role, but it is minor.
Potential catastrophe across the board can't be the result of happenstance.
When things go wrong on a grand scale, it's not just bad luck or inadvertence.
It's because of serious character flaws in one or many – or even all – of the
players. So is there a root cause of all the problems I've cited? If we can
find it, it may tell us how we personally can best respond to the problems. In
this article, I'm going to argue that the US government, in particular, is
being overrun by the wrong kind of person. It's a trend that's been in motion
for many years but has now reached a point of no return. In other words, a type
of moral rot has become so prevalent that it's institutional in nature. There
is not going to be, therefore, any serious change in the direction in which the
US is headed until a genuine crisis topples the existing order. Until then, the
trend will accelerate. The reason is that a certain class of
people – sociopaths – are now fully in control of major American institutions. Their beliefs
and attitudes are insinuated throughout the economic, political, intellectual
and psychological/spiritual fabric of the US.
Paul Joseph Watson | Media Matters is a White House front
group. [ Though a frequent critic of neo-con Limbaugh, I’m against any and all
attempts, particularly by desperate wobama et als to shut him down based on
what he’s said. ]
https://www.eff.org
The
Cyber Intelligence Sharing and Protection Act of 2011, introduced by Rep. Mike
Rogers and Rep. Dutch Ruppersberger, allows companies or the government free
rein to bypass existing laws in order to monitor communications, filter
content, or potentially even shut down access to online services for
"cybersecurity purposes." Companies are encouraged to share data with
the government and with one another, and the government can share data in
return. The idea is to facilitate detection of and defense against a serious
cyber threat, but the language is so broad it could be used as a blunt
instrument to attack websites like The Pirate Bay or WikiLeaks. Join EFF in
calling on Congress to stop the Rogers cybersecurity bill.
EFF
has previously reported on two instances of pro-Syrian-government malware
targeting Syrian activists through links sent in chats and emails. Now we've
seen new Windows malware dropped by a fake YouTube site hosting Syrian
opposition videos. The fake YouTube page attacks users in two ways: it requires
you to enter your YouTube login credentials in order to leave comments, and it
installs malware disguised as an Adobe Flash Player update.
Last
week was Sunshine Week, a national celebration of open government and freedom
of information. In years past, the Obama administration has been taken to task
for reversing early promises on transparency. Has it improved?
USA #1? 40 Embarrassing Things
That America Is The Best In The World At http://endoftheamericandream.com http://albertpeia.com/40badthingsusa#1.htm Is the USA still #1? Well, there are many things
that America is still the best in the world at, but unfortunately a lot of
those categories are nothing to be proud of. Once upon a time the United
States was the greatest nation on earth, but now we are a nation that is in a
horrific state of decline. Just consider a few of the embarrassing things
that America leads the world in: obesity, crime, divorce, teen pregnancy, child
abuse deaths and government debt. The statistics that you are about to
read below are incredibly disturbing. Most people that write these kinds
of articles about the decline of America hate this country. But that is
not the case with me. I was born and raised in America and I love this
nation deeply. It is time to realize that we will never be able to start
fixing our problems until we take a really good look in the mirror and realize
just how far we have fallen. America is not the country that it once was.
America is a complete and total mess and just "tweaking" a few things
here and there is not going to return this nation to its former glory. We
have forgotten the things that once made us great, and if we do not return to
them we will continue to fall apart as a nation. With
that being said, the following are 40 embarrassing things that America is the
best in the world at....
#1 America has the highest incarceration rate and the
largest total prison population in the entire
world by a good margin.
#2 There are more car thefts in the United States than
anywhere else in the world by far .
#3 Of all the major industrialized nations, America is the
most obese . Mexico is #2.
#4 The average American drinks more than 600 sodas a year - the
most in the world.
#5 U.S. corporations sell more fast food and more soda than
anyone else in the world by a wide margin .
#6 Nobody watches more television per week ( 28 hours ) than Americans do. Although to be honest, people
living in the UK are tied with us.
#7 The United States leads the world in credit card fraud .
#8 The United States has the highest percentage of one person households on the entire
planet.
#9 The United States has the highest divorce rate in the world by a good margin.
#10 The United States has the highest teen pregnancy rate in the world
by far.
#11 There are more school shootings in America than anywhere else in
the world.
#12 The United States has the highest child abuse death rate in the world.
#13 There are more " deaths by reptile " in America than anywhere
else in the world.
#14 The United States has the most lawyers per capita in the entire
world.
#15 The United States produces more pornography than any other nation in the
world.
#16 Americans take more prescription drugs than anyone else in the world.
#17 More is spent on prescription drug advertising in America
than anywhere else in the world.
#18 The percentage of women taking antidepressants in
America is higher than in any other country in the world.
#19 More people have been diagnosed with mental disorders in America than anywhere else on
earth.
#20 The United States has the highest rate of illegal drug use on the entire
globe.
#21 There is more credit card debt in America than anywhere else in
the world.
#22 There is more mortgage debt in America than anywhere else in
the world.
#23 There is more student loan debt in America than anywhere else in the
world.
#24 The United States spends more money on government schools than any other nation on earth does.
#25 U.S. citizens spend more time in school than anyone else
in the world. So why are so many of us dumb
as a rock ?
#26 Nobody in the world gets more plastic surgery done than Americans do.
#27 The United States leads the world in eating disorder deaths .
#28 According to nationmaster.com , the United
States has the most total reported crimes in the world by far.
#29 Nobody has more airport security thugs groping women and children than America
does.
#30 The United States spends much more on health care as a percentage of GDP than any other
nation on the face of the earth.
#31 The United States has the most complicated tax system on the entire
planet.
#32 The United States has the
most laws on the entire planet.
#33 The United States spends more on the military than the next 12 nations combined , and yet the
Obama administration is considering plans to unilaterally slash the size of the
U.S. nuclear arsenal by up to 80 percent .
#34 The United States has the most foreign military bases in
the world by far .
#35 The United States exports more arms to other countries than anyone
else in the world.
#36 Americans spend more time sitting in traffic than anyone
else in the world.
#37 Americans spend more money on
elections than anyone else does in the world by a very wide
margin.
#38 Every single year, the United States has the largest trade deficit in
the world by far.
#39 The U.S. government wastes more money than any other government on earth
does.
#40 The United States has accumulated the biggest mountain of government debt in the history of the world.
So is
the USA #1?
Unfortunately,
the answer way too often is yes.
The
goal of this list of embarrassing things is not to trash America.
Rather,
the goal is to wake Americans up and to get them to realize what has happened
to us.
We
should be deeply humbled and embarrassed as a nation. We were once the
best in the world and the envy of the entire globe, but now the whole world is
laughing at us.
America
is supposed to be a beacon of liberty, freedom and prosperity for the entire
planet.
Instead,
we are rapidly turning into a horror show.
Wake
up America. The condition of our country is absolutely shameful, and
every single day it gets even worse.
Please
share this list with as many people as you can. The American people need
a massive wake up call, and it is up to those of us that are awake to share the
truth while we still can.’
‘ Have you ever
known someone that loves death? When someone truly is in love with death,
it can take that person to a very dark place. Unfortunately, there are a
growing number of scientists, politicians and global opinion makers that
believe that we must reduce the size of the human population for the good of
the planet. They are convinced that humanity is causing global warming,
killing off other species and making this planet unlivable. In their
quest to save the future of the planet, they are becoming bolder and bolder
with their calls for population control. They love death because they
believe that it will help save the earth. They figure that with less
humans around, there will be less carbon emissions, less pollution and more
room for other species. So how will this be achieved? Well, as you
will read about in the rest of this article, "after-birth abortions",
"mobile euthanasia teams", "sperm-destroying ultrasound
technology" and putting contraceptives in the tap water are just some of
the ways that are being proposed to reduce current human numbers. This
hatred of life and love of death is being taught in colleges and universities
all over the western world, and this population control philosophy is becoming
increasingly dominant with each passing year.
I
realize that the idea of "mobile euthanasia teams" may sound like
something out of a science fiction movie, but the truth is that this is not
just a "pie in the sky" concept.
In
fact, in the Netherlands six mobile euthanasia teams are now going
door-to-door to help elderly patients end their lives in the comfort of their
own homes.
The
following description of this program comes from a recent article in The Independent ....
The
project, which has provoked sharp criticism from doctors, is the brainchild of
the Dutch largely donor-funded Right to Die NL. It follows the government's
2002 decision to legalise euthanasia, making the Netherlands the first country
in the world to do so. Walburg de Jong, a spokeswoman for the organisation said
that since the ruling some 3,100 assisted suicides had been carried out
annually. The mobile euthanasia teams, she said, operated free of charge and
were designed to make it easier for patients enduring interminable suffering to
end their lives.
Can
you imagine your grandparents getting a visit someday from a mobile euthanasia
team?
But it
is not just the elderly that are being targeted for death.
Two
scientists recently made headlines all over the world when they released a
paper calling for the legalization of '' after-birth abortion ''.
Alberto
Giubilini of Monash University in Melbourne, Australia and Francesca Minerva of
the University of Melbourne co-authored an article in the Journal of Medical
Ethics entitled " After-birth abortion: why
should the baby live? "
In
their paper, they argue that a baby is just a "potential person" and
that "killing a newborn should be permissible in all the cases where
abortion is, including cases where the newborn is not disabled."
Giubilini
and Minerva argue that just because a baby is human does not mean that it has
any rights. The follow quote is from their paper ....
"Merely
being human is not in itself a reason for ascribing someone a right to life.
Indeed, many humans are not considered subjects of a right to life: spare
embryos where research on embryo stem cells is permitted, fetuses where
abortion is permitted, criminals where capital punishment is legal"
Giubilini
and Minerva also believe that the "burden" placed on the family and
on society by a new baby must be given precedence when it comes to matters of
live and death. The following is another quote from their paper ....
"To
bring up such children might be an unbearable burden on the family and on
society as a whole…On these grounds, the fact that a foetus has the potential
to become a person who will have an (at least) acceptable life is no reason for
prohibiting abortion."
Giubilini
and Minerva insist that "after-birth abortions" would have a lot of
advantages.
For
example, approximately a third of all babies with Down syndrome are not
diagnosed in the womb. After-birth abortions would take care of that
"problem" by allowing mothers to "terminate" those children
after they have been born.
Other
scientists aren't just concerned about giving the elderly and new mothers more
"choices". Many are now advocating the implementation of strict
global measures to reduce the human population for the sake of the environment.
For
example, Colorado State University Professor Philip Cafaro recently released a
paper entitled "Climate Ethics and
Population Policy" . In that paper, Cafaro declared
that humans are committing "interspecies genocide" and that therefore
it is imperative to reduce our numbers....
"Scientists
now speak of humanity’s increased demands and impacts on the globe as ushering
in a new geological epoch: the Anthropocene. Such selfish and destructive
appropriation of the resources of the Earth can only be described as
interspecies genocide."
For
Cafaro, simply stopping the growth of the human population on earth is not
enough. He says that in order to prevent "catastrophic global
climate change" we are going to have to "significantly" reduce
the size of the global population....
"Ending
human population growth is almost certainly a necessary (but not sufficient)
condition for preventing catastrophic global climate change. Indeed,
significantly reducing current human numbers may be necessary in order to do
so."
Unfortunately,
a love of death is now widespread at U.S. colleges and universities. For
example, Professor of Biology at the University of Texas at Austin Eric R.
Pianka once wrote the following ....
I
do not bear any ill will toward people. However, I am convinced that the world,
including all humanity, WOULD clearly be much better off without so many of us.
Population
control is something that Bill Gates has been putting a lot of funding into as
well. The following example comes from a recent Natural News article ....
Mass
vaccination is apparently not the only depopulation strategy being employed by
the Bill & Melinda Gates Foundation, as new research funded by the
organization has developed a way to deliberately destroy sperm using ultrasound
technology. BBC News reports that the Gates Foundation awarded a grant to
researchers from the University of North Carolina (UNC) to develop this new
method of contraception.
For
their study, the UNC team tested ultrasound on lab rats and found that two
15-minute doses "significantly reduced" both sperm counts and sperm
integrity. When administered two days apart through warm salt water, ultrasound
caused the rats' sperm counts to drop below ten million sperm per milliliter,
which is five million less than the "sub-fertile" range, and stay
that way for up to six months.
Sadly,
it is not just a few scientists and opinion makers that are obsessed with death
and population control.
As I
have written about previously, the United Nations continues to push Agenda
21 on the entire globe. The following is how the United Nations defines Agenda 21 ....
Agenda
21 is a comprehensive plan of action to be taken globally, nationally and
locally by organizations of the United Nations System, Governments, and Major
Groups in every area in which human impacts on the environment.
The
United Nations publishes report after report calling for more "global
governance" over the environment. The following comes from a recent Fox News article ....
The
report, “21 Issues for the 21st Century,” from the United Nations Environment
Program (UNEP) Foresight Process, is the culmination of a two-year deliberative
process involving 22 core scientists. It is expected to receive considerable
attention in the run-up to the Rio+20 United Nations Conference on Sustainable Development,
which will be held in Rio, Brazil, in June.
The
scientists who wrote the report say it focuses on identifying emerging issues
in the global environment, and that it is not about mandating solutions.
But
its critics see an agenda lurking in its 60 pages, which call for a complete
overhaul of how the world's food and water are created and distributed --
something the report says is “urgently needed” for the human race to keep
feeding and hydrating itself safely.
But it
isn't just food and water that the United Nations wants control
over.
The
truth is that the United Nations is absolutely obsessed with the number of
people living on the planet.
In a
recent report entitled, " Resilient People, Resilient
Planet: A Future Worth Choosing " the UN warned about our
"unsustainable lifestyles" and of the disastrous impact of population
growth....
But
what, then, is to be done if we are to make a real difference for the world’s
people and the planet? We must grasp the dimensions of the challenge. We must
recognize that the drivers of that challenge include unsustainable lifestyles,
production and consumption patterns and the impact of population growth. As the
global population grows from 7 billion to almost 9 billion by 2040, and the
number of middle-class consumers increases by 3 billion over the next 20 years,
the demand for resources will rise exponentially. By 2030, the world will need
at least 50 percent more food, 45 percent more energy and 30 percent more water
— all at a time when environmental boundaries are throwing up new limits to
supply. This is true not least for climate change, which affects all aspects of
human and planetary health.
We are
constantly being told these days that the problem is that there are "too
many people" and that if there are less people things will be better.
Members
of the U.S. government are even preaching this philosophy.
Just
the other day, Health and Human Services Secretary Kathleen Sebelius was
publicly proclaiming that the new requirement that all health insurance plans
cover sterilizations and contraceptives will be good for employers and health
insurance companies because it will mean less births. She argued that the
savings from less people being born will more than make up for the expense of
the sterilizations and the contraceptives.
Sebelius
told Congress the following on Thursday ....
"The
reduction in the number of pregnancies compensates for the cost of
contraception"
Other
members of the Obama administration are preaching the population control gospel
as well. U.S. Secretary of State Hillary Clinton has even stated that
population control will be a " centerpiece " of U.S. foreign policy from now on.
We
even find a love of death in the White House. Barack Obama's top science
advisor, John
P. Holdren , once wrote the following....
"A
program of sterilizing women after their second or third child, despite the
relatively greater difficulty of the operation than vasectomy, might be easier
to implement than trying to sterilize men.
The
development of a long-term sterilizing capsule that could be implanted under
the skin and removed when pregnancy is desired opens additional possibilities
for coercive fertility control. The capsule could be implanted at puberty and
might be removable, with official permission, for a limited number of
births."
That
quote should send a chill up your bones.
In
America today, life is considered to be cheap, and that is especially true if
you are "disabled" or "defective" in any way.
At one
U.S. hospital, a 3-year-old girl named Amelia was recently denied a kidney transplant because she is
considered to be "mentally retarded".
How
would you feel if that was your child?
Unfortunately,
society continues to move away from the idea that life is inherently valuable
and deserves to be preserved.
In
fact, many top global opinion makers are openly calling for a dramatic
reduction in human numbers.
CNN
Founder Ted Turner once said the
following ....
"A
total population of 250-300 million people, a 95% decline from present levels,
would be ideal."
For
many more shocking quotes about population control from scientists, politicians
and top global opinion makers, just check out this
article which I published previously.
The
world is becoming a very heartless place.
Those
at the top look down on the rest of us as if we were vermin that need to be
exterminated.
Increasingly,
this sick population control agenda is being preached at us in the mainstream media.
For example, just check out what the editorial page editor of The Detroit News says should be
done in Michigan....
Since
the national attention is on birth control, here's my idea: If we want to fight
poverty, reduce violent crime and bring down our embarrassing drop-out rate, we
should swap contraceptives for fluoride in Michigan's drinking water.
We've
got a baby problem in Michigan. Too many babies are born to immature parents
who don't have the skills to raise them, too many are delivered by poor women
who can't afford them, and too many are fathered by sorry layabouts who spread
their seed like dandelions and then wander away from the consequences.
Michigan's
social problems and the huge costs attached to them won't recede until we
embrace reproductive responsibility.
He is
seriously proposing to put contraceptives into our drinking water?
How
can people be so twisted?
Sadly,
as I mentioned earlier, this philosophy is being endlessly preached at
thousands of colleges and universities all over the world.
The
sick adherents of this philosophy love death and are obsessed with controlling
the population of the earth.
They
are just going to keep pushing their agenda further and further and further.
They
truly believe that they must reduce our numbers in order to save the planet.
But in
their zeal to "save the earth" they may take all of us to a very,
very dark place…’
EFF:
In our 600th issue:
UPDATES
MINILINKS
ANNOUNCEMENTS
While copyright owners claim that they
need anti-circumvention laws to address copyright infringement, twelve years'
experience with the U.S. DMCA provisions demonstrates that overbroad digital
locks laws can wreak havoc on lawful, non-infringing activities, stifle free
speech and scientific research, and harm innovation and competition. Small
wonder that a broad range of groups in Canada have come out against the
unforgiving nature of Canada's C-11 Bill, including librarians, content
creators, rights advocates and others.
For many years, EFF has been working to
encrypt the Web, pushing websites to adopt better security and providing users
with tools to protect themselves. This month, we're looking at online dating
sites, which can be particularly negligent in safeguarding the sensitive data
of users. Our analysis found these sites failed to implement even basic levels
of security, but we were particularly concerned about the negligent security
practices we discovered on the free dating site OkCupid. We've contacted the
site and asked them to improve, but we could use your help. Send
OkCupid an email today asking them to implement HTTPS.
Using data from EFF's SSL Observatory
project, a team of researchers conducted an audit of the public keys used to
protect HTTPS. Lenstra's team has discovered tens of thousands of keys that
offer effectively no security due to weak random number generation algorithms.
The consequences of these vulnerabilities are extremely serious.
EFF Updates Six Heartbreaking Truths about Online Dating Privacy
Millions of people are using online
dating sites to search for love or connection, but users should beware: many
online dating sites are taking short cuts in safeguarding the privacy and
security of users. Whether it's due to counter-intuitive privacy settings or
serious security flaws, users of online dating profiles risk their privacy and
security every day. We've put together six sobering facts about online dating
services and a few suggestions for routing around the privacy pitfalls.
Comparing Privacy and Security Practices on Online Dating Sites
Concerned about your privacy when you
use online dating sites? You should be. We found that the majority of the sites
we examined did not take even basic security precautions, leaving users
vulnerable to having their personal information exposed or their entire account
taken over when using shared networks, such as at coffee shops or libraries.
A Better Path for Apps: Respecting Users and Their Privacy
Earlier this week, a Singapore-based iOS
software developer made a startling discovery while working with the popular
social-networking app Path: in the course of every new account creation, Path
uploads the new user's entire iPhone address book to their servers. The strong
user reaction demonstrates that even as norms of sharing evolve online and in
the social networking space, users still value their privacy highly.
India's Downward Spiral
The world's biggest democracy is a
formidable power in the IT sector. Despite playing such a role -- or perhaps
because of it -- India has struggled to strike a balance between its security
concerns and online freedom. Though the country's constitution guarantees the
right to freedom of expression, the state is given the right to impose
"reasonable restrictions ... in the interests of the sovereignty and
integrity of India, the security of the State, friendly relations with foreign
States, public order, decency or morality, or in relation to contempt of court,
defamation, or incitement to an offence."
Iran Ratchets Up Its Internet Censorship
The Iranian government has not openly
acknowledged these new measures. However, they are widely thought to be
preliminary steps towards a nation-wide Halal Internet that would cut off a
majority of citizens from the global web -- replacing it with one that would
effectively block all foreign sites, allowing only state-controlled content to
be accessed within Iran.
What the RIAA Won't Tell You: Users Matter
The New York Times published a lengthy
screed from Cary Sherman, president of the Recording Industry Association of
America, complaining about how "Google and Wikipedia" got in the way
of efforts to ram through the Internet blacklist bills, never mind the massive
collateral damage to Internet security, expression, and innovation those bills
would have caused. The op-ed's really unfortunate message is that Hollywood
still thinks the way forward is for a few executives to sit down together and
make a deal.
miniLinks The perpetual, invisible window into your Gmail inbox
Since Gmail added OAuth support, an
increasing number of startups are asking for a perpetual, silent window into
your inbox. While hugely convenient for both developers and users, OAuth may be
paving the way for an inevitable privacy meltdown.
Amnesty International: EU urged to reject international
anti-counterfeiting pact
Amnesty International urged EU
governments not to join the Anti-Counterfeiting Trade Agreement (ACTA),
branding it a "Pandora's box" of potential human rights violations.
We are the media, and so are you
In a Washington Post op-ed, Wikipedia
founder Jimmy Wales explains that it's users, not corporate interests, who won
the SOPA/PIPA fight.
Administrivia ISSN 1062-9424
EFFector is a publication of the
Electronic Frontier Foundation. eff.org
Editor: Parker Higgins, Activist [email protected]
Membership & donation queries: [email protected]
General EFF, legal, policy, or online
resources queries: [email protected]
Reproduction of this
publication in electronic media is encouraged . Signed
articles do not necessarily represent the views of EFF. To reproduce signed
articles individually, please contact the authors for their express permission.
Press releases and EFF announcements
& articles may be reproduced individually at will.
Back issues of EFFector
Infowars.com | Authorities are trying to
officially designate noncomformity and free thinking as a mental illness. [ Try
as they might, it’s doubtful such efforts could succeed, almost by definition
alone, without self-destructive
complicity on the part of the APA which would by so doing undermine the APA’s
credibility, as well as, their substantial progress and achievements in this
field. ]
US Warns Iran
Not To Fight Back Against israeli Attack Paul Joseph Watson | US warship remains
in Strait Of Hormuz amidst simmering tensions. [ Riiiiight! Sounds like a plan!
You know, that good advice emanating from pervasively corrupt, defacto bankrupt
america. No small wonder that america’s lost credibility globally as well as
domestically. Iran has been targeted by the zionists, neo-cons and israelis for
quite some time and can and should vigorously defend themselves from the
aforesaid agressors. ]
Afghanistan's Soldiers Step Up Killings of Allied Forces New York Times KABUL, Afghanistan [ Yeah … say what you want, but in the last analysis,
these are not pro-zionist fools; but rather, rational beings who, despite the
propaganda, bribes, and machinations, know who their real enemy is. ] -
American and other coalition forces here are being killed in increasing numbers
by the very Afghan soldiers they fight alongside and train, in attacks
motivated by deep-seated animosity between the supposedly allied forces, ...
Chimp from
1930s US 'Tarzan' films dead at 80 [ Chimpout!
Blacks in mourning! ] Cheetah, a chimpanzee said to have performed in the
"Tarzan" films of the 1930s, has died at the age of 80, according to
the Florida sanctuary where he lived. Did Cheetah
from 1930s Tarzan flicks die? A Florida animal sanctuary says
Cheetah, the chimpanzee sidekick in the Tarzan movies of the early 1930s, has
died at 80. But other accounts call that claim into question.
Pakistan's
military rejects Pentagon findings, denies coup plot MiamiHerald.com [Yeah … come on … who’d possibly be
foolish enough to believe the u.s. military or any other agency, entity of the
u.s., particularly concerning such a nefarious incident. Pervasively corrupt,
defacto bankrupt america doesn’t even own up to incidents concerning Americans
(ie., Pat Tillman, etc.).
Sneaker Mob Goes
On Rampage: The Decline of Western Civilization John Galt |
When the collapse happens, your neighborhood becomes a permanent Black Eye
Friday.
They Can't Wait, They (blacks) Break Into The Mall...
http://detroit.cbslocal.com/2011/12/23/shoppers-waiting-for-shoe-release-riot-break-into-mall/#comment-96059
PappyHappy
How
many used their EBT card??
The
following is a MUST SEE for those who perceived themselves as ‘LEADERS OF URBAN
AREAS, AND FIXERS OF URBAN PROBLEMS’!
This
is a video of Mayor Michael Nutter (Mayor of Philadelphia) speaking at his
Church in August 2011. The video is approximately 30 minutes long, but a
tutorial that would be most beneficial to leaders, and those wishing to make a
positive change. Jump to MINUTE 9 for his salient points.
Makes
one wonder where other ‘self professed urban leaders’ have been doesn’t it??
Mudholder
I knew
we were headed towards ” Idiocracy “, when in 1971 they started teaching
“ebonics”. at Lakewood high school.
rusty the right wing nut
yeah
its were our tax money went statisticaly we paid for some of them shoes bunch
of apes they ussed their obama welfare foodstamp and unemploymeny money and
probly some money they sold crack for and probly pimped a few ni$$a Bi%%%%S as
well for cause dem shoes cause dey tight
Michael
Christmas
is the birthday of the Son of God. Civilizied Christains worship God, love
eachother and seek peace on earth. Animals worship material material goods
which will fill a landfill someday. I pity the animals.
DIVERSITY IS OUR STRENGTH!
Welcome
to our http://www.NewNation.org
Allan Sokyra
DIVERSITY
IS NOT OUR STRENGTH!
JoeJones
Gimme
some of dem Obamabucks man!
Hal McCombs
Hey
“Diversity”? Do you not know the English language?
How
can ‘diversity’, the root of which is “to divide”, bring us together?
Are
all leftists as stupid as you? (Especially the one calling himself “rusty”
pretending to be a ‘right-wing’ redneck.)
Rita Ippolito
contrast
this honest and strong Black leader with the Race hustlers like Sharpton,
Jackson.. WE NEED MORE LIKE HIM
Jomama
Obama
supporters…what do you expect? Uncivilized and immature. Good God, a pair of
shoes and the chaos it causes? What about what our leaders are doing to this
country and not a care…God help the USA!
LA Doc
Man,
you ain’t kidding. Freeloading, thieving, ghetto-rats. All of them. Just like
the animals in the WH and Congress.
bullrider
I
haven’t spent a fraction of what those shoes cost for any I’ve bought EVER. Of
course, I’m a systems analyst and have to pay every frigging dime of the cost
for food, housing, clothing, medical care etc. for myself and my family, and
pay huge taxes on my $60K income so others CAN afford to buy those UGLY f-ing
shoes.
Rob Frey
Wow I
am appalled at the state of society and just as appalled at the racial tones
thrown around in the comments. When i read this i didn’t even equate this to
black or white. Although reading more about this most of this was people of
color. Don’t get me wrong i am no liberal i just don’t see skin color as a
judgement before character. This season there has been a far greater number of stories
of blacks in shopping incidents. I am sure the we will do a 10 million dollar
study funded by the government. My thought is the social issues are escalating
due to the not phasing out of Affirmative action. It had a purpose initially
but now there is a segment of society dependent on it along with providing a
nanny state. It’s creating a racial divide and an attitude of oh i deserve this
it’s taken generations. We now have a nanny state, which is by design to buy
votes not to help long term by making us equal in anyway. We have now a group
that is dependent and believes they are less than so they need this. This
didn’t create equality, it created a monster and now we have a president who is
using the divide it has cause as a weapon against whites. The facts are well
know there is no evidence that supports this Affirmative action as a long term
thing had help our society. We all have to stand on our own sooner or later.
Please don’t read into this that i believe all blacks are in this whirlpool
hell no. It’s very much becoming a Hispanic issue also, they can sneak into the
US and get a free ride on many services. What the hell, i have been brought up
if i can’t afford i don’t get it, including times where my cupboard was bare. I
don’t go to the state, don’t have kids if you can’t afford them, don’t have sex
if you can’t afford protection. Yet we provide food and shelter for people who
do nothing for other peoples money distributed by the Government and stolen
from the tax payer. We are at a tipping point the number of people on
assistance is close to the amount not when that happens we have no chance of
turning it around. This mess filled a need and works fine short term, long term
dependence take incentive and personal drive away and creates a restless society
that is given just enough to get buy and no satisfaction of achievement. This
is a colorless problem of entitlements and Affirmative action. Now we are at a
point if we change it there is going to be racial and class warfare. Thanks
libs, thanks obama for the mastering us of the race card. Sorry about the rant.
rusty the right wing nut
liberal
Pu$$Y probly voted for HObama
Annie
Dont
insult the intelligence of smart blacks or caucasions . Affirmative action is a
symptom not a cause. This is the face of ghetto culture and this primative
behavior exists in every african nation on earth. Stop with the excuses. Every
culture has been enslaved and “oppressed”. The mark of a people is how you pick
yourself up, rise above and organize your social behavior.This continued
infantalization of African American cultures doesn’t do anyone any favors. What
exactly is it doing for you? Cui bono?
bullrider
I’m
not a person of color. I must be transparent like window glass.
Andrew
Gee
aren’t you so swell…you are just a such a peach to be so above seeing the
politically incorrect but oh so obvious truth. The obvious fact being that
99.5% of urban blacks give the remaining half percent a bad rap. Pull your head
out…it ain’t racist if (and it is) the truth. These ‘people’ are an
embarrassment to any thinking individual, they are uncivil and are effectively
acting as the water in the fuel tank of this once great nation, and you are not
helping by denying it. I know you would not hold back if it was a bunch of
white trash doing the same.
Chris
A
“gift” tree? Does this mean the Menorah is now a gift candle stick?
Jessie
This
is a black leader NOT Jackson , Sharpton and othe rcriminals. The black community
needs to get a grip on the hip hop culture of thugs and do it fast .
GW
Meanwhile
across town, the Reverand Al Sharpton held an Occupy Nike event, at which he
decried the Nike corp of exploiting the inner city by creating the shoe in the
first place “this is obviously a scheme to take from the poor and give to the
1%” “Nike should be ashamed at the way it has made these honor roll students
behave”. The crowd supporters behind him chanted “Jordon! Fordon” as the
Reverand went on to ask: “why didn’t Nike just give the shoes away to anyone
that wanted them? This is an outrage”. Senetor Maxinne Waters promised a full
congressional hearing, and the president remarked that the police acted
“stupidly.
hooky
Well,
throw a pair of Air Jordans in front of a group of blacks is like throwing raw
meat in the lion’s den. What would one expect? Get real!
RC
Your
confused with food stamps…
rusty the right wing nut
what-
rusty the right wing nut
no
they sell the card or buy food and sell it at a cheaper price cause black
chicks tend to have a $hit ton of kids so they have a lot they but theyre broke
lazy a$$ boyfriend these so after he impregnates her he can run away faster.
Stupid A$$
Boston Patriot
@RC:
The proper grammatical construction is “you’re” for you are. Thanks
Rick O'Shea
I
thought I saw Moochelle back in the crowd.
Midge Martin
“Good
people do not need laws to tell them to act responsibly, while bad people will
find a way around the laws.”
http://911essentials.com
I P Standing
rituals
of primitive cultures
Bahb
Tell
me, please, what in the hell is a “gift tree”? Christmas is 2 days away. Call
it what it is – a CHRISTMAS TREE! And for those who think that we should be
saying “Happy Holidays” instead of “Merry Christmas”, ‘holiday’ is just a
shortened version of “holy day”. Stick that in your pipe and smoke it!
rachel
AMEN!
Clearhead
You
told it like it is Bahbbi boy. We’re proud, proud, proud of you !! Furthermore
— PRAISE GOD FROM WHOM ALL BLESSINGS FLOW !!!
Tyrone
We be
celebrates da Kwanza, not da white man holidays. Kwanza be for da chosen
peoples.
bullrider
I
thought that for Kwanzaa the gifts were more along the lines of candles,
baskets, nuts, fruit, and crafts – not overpriced, UGLY shoes.
Hal McCombs
So a
Kwanza tree is made of Air Jordans? Figures.
YepYep
This
is really sad. We should pass a law that black people are not allowed in stores
during normal business hours for the sake of safety. What a bunch of animals..
Sisao Tresed
Don’t
forget these same people have special Christmas Shopping coats for that extra
discount.
Patriot42
I was
taught as a youth to respect all people regardless of their color. I try to
understand why these b-la-c-k-s act so hostile and seem to be easily provoked.
Am I missing something?
lvh
No not
you..Not me. I feel as you do.
Dave
Yep.
Marilyn
It has
nothing to do with the color of their skin. This is what liberalism has done to
the urban areas. They tell a group of people that they are not capable of
providing for their families and that everyone else owes them, and they promise
that the government will take care of them. Thus the people barely get by, have
too much idle time on their hands, they are unhappy, want the same things as
most families but they are dependent on the government, and they have been told
their WHOLE LIFE that they are not capable of anything more, and the cycle
continues. What liberalism has done to human beings breaks my heart.
SAJ
Marilyn,
bullrider
Liberalism
and the Democrats have destroyed the black family structure and turned them
into a taxpayer-subsidized crop of Dem voters. In 1940 – back before all the
civil rights and welfare stuff began – 80% of black children were born into
married, two parent families. What is that figure nowadays? 10% maybe? It is
sure a small fraction of what it used to be.
Jessie
This
is a black leader NOT Jackson , Sharpton and othe rcriminals. The black
community needs to get a grip on the hip hop culture of thugs and do it fast .
Eric
http://stuffblackpeopledontlike.blogspot.com/2011/12/not-exactly-christmas-shoes-black.html
This
doesn’t happen with white people at Apple stores trying to buy the latest iPod.
Major Bananorama
To
reduce widespread chimpage, store management should have had a large stock of
shiney washers, baubles and mango’s to throw out into the pack to keep them
amused.
Pingback:
Cops pepper spray mob... | Breaking News
Pingback:
Brawl... | Breaking News
Derrick
I’m
black.
rachel
Black
people are their own worst enemy.
kari ju
Derrick
we just need to do a lot of work on people’s hearts. we have let cheap politics
fill the void where moral teaching should be. We have left all our poorest to
the mercies of government and amoral “leaders.” bad move, that.
Clearhead
White
people don’t think you’re animals, Derrick. All colors of people act like
animals sometimes. The ones that ACT like animals are the ones all people
should think of as animals. (Apologies to most animals).
Darrel
I
think 60-70 percent of blacks ARE violent nasty rabid animals. 30-40 percent
are human beings and decent. Facts are facts.
tward
Derrick:
Whites and Blacks have Jesus in common. If both would live up to His standard
of loving our neighbors there would be no fights, thefts and no hate. Merry
Christmas from a Southern Hillbilly White Boy.
rusty the right wing nut
cause
u are
Jack
Were
these the “greedy” 1%? No? I guess “greed” isn’t just a rich thing.
NightRider
What
do you expect from sub-human animals? The Negroid race has always been and will
always be ‘a joke’ and a waste. As a group they cause nothing but continued
problems…it has always been this way (read their history) and they always will.
Marilyn
You
are a ‘joke’ and a waste of time.
JimRocky
Actually
he is right Marilyn. You just have eyes that refuse to see.
nwpurpletoo
Tell
me again why there are more blacks in prison than whites. I’m just sayin’.
Jim H
That’s
easy. Blacks are hostile and easily provoked because they feel entitled.
Generation after generation teach their kids how to manipulate the system and
they are experts at it. Most of them think that society owes them something and
that it should provide for them.
Come
to think of it if I was black with an IQ like some of those in these videos –
I’d be hostile too.
BigBoa
Just
another chimp-out.
Check
out chimpoutdotcom and see if this clip made the cut!
Savage
animals……
B Guyton
I
thought they were running to vote for Obama.
Dave
Wait
til you see what happens when he loses.
enguard
the
cream of the black culture on glaring display….we’re already paying reparations
considering this level of depravity embedded in our society.
chimping
out as an Olympic sport?…oh wait…basketball
Jamex Anderson
I just
saw Rise of From The planet of the Apes.
B. Guyton
O.K.people
this will tell you everything you want to know about this incident.
THIS
IS THE REAL STORY, NOT WHITEY”S MADE UP STUFF.
http://therealrevo.com/blog/?p=57506
Collector
At
what point in society do we finally stop and admit that a certain race of
people are different from all other races. A certain race of people are more
violent and mean than others. When do we start seperating this group from
others for protection of society in general. When a certain race costs
everybody more because of their out of control lawlessness, should we make them
pay instead of penalizing everybody for the actions of a few. Frankly, I’m
tired of my taxes being higher to pay for more police, more prisons, more
courts and additional defense attorneys because 12% of the population commits
70% of the crime. Food and clothing costs are higher because of theft,
insurance is higher because of carelessness, stealing, vandalizism, drug use
and virtually every other commodity and activity is more expensive because one
race fails to raise their kids and fails to teach their children to follow and
respect the law. It’s unfortunate and sad because there are a few members of
this race who do what’s right but they are overshadowed by a large majority who
act completely uncivilized. We’ve been allowing this to go on long enough.
Something must be done and that doesn’t mean more free handouts or reparations.
It’s time they started paying for what they take, use, destroy and what they
cost the World.
Mustafa
If the
Jordan’s fit,,,,,
Bob3
CCW is
a good place to start, they lack empathy and impulse control, pain and misery
is all the understand be prepared to deliver it.
rusty the right wing nut
dont
worry everyone knows it even blacks know we all know it even diggers know it
there is a race war coming i dont think its right but its just the ways it is
wP
John Frost
Darwin:”
Blacks are not Human but wild african animals……predator animals”
rusty the right wing nut
i love
sickle cell lol
rusty the right wing nut
White
Power White Power
Steve
What a
bunch of disgusting savages…enough said.
Pingback:
Gunfire... | Breaking News
rachel
Why am
I not surprised? What a disgusting bunch of useless thugs. I’m ashamed to call
these people countrymen. I call them boils on the backside of America.
One-Who-Will-Listen
People
of any race are greedy, selfish, and prideful. Why this happens in America,
where we have all the resources we need to survive and be well fed, I just
don’t understand. What the h-ll is so important about a pair of overpriced
shoes? I don’t get it; really, I don’t.
kari ju
testify.
no way this is a unique black thing.
Black Thing
testify.
this is a unique black thing.
ton
Sorry,
it is.
Big Papi
Now
imagine if there was a huge catastrophe that hit a very widespread area and
food and electricity, gas and cash could not be had. You would have this scene
times a thousand. Apparently this group of society would cause continued chaos
while others tried to manage. Best advice? Have your own food stored, cash on
hand, and not only posses firearms but be proficient in their use. It will be a
life and death situation that this group of society will only make worse. If
you arent scared, you arent living in reality. Get over the “hater” taunts and
racist shouts—if they’d do this over fashion sneakers imagine what they’d do to
you in a true crisis. The Police cant protect us anymore. Be Prepared but also
be armed, irregardless of your political and 2nd amendment views. You will not
survive believing that good intentions will save us all.
rusty the right wing nut
well
said arm the Fu”#$ UP dese nig have gone nuts
Jon Baker
Okay,
I’m just going to say it, I’ve never been p.c. anyway. What is it about Negroes
and sports shoes? I mean really, somebody should study this. Stereotypes come
from truth, the problem though is when you say all. Now I know all blacks
aren’t like this , obviously any intelligent person knows that but too many
are. And I bet the deficit that if you called any of them on it that were
involved in this they would call you a racists, and blacks bold enough to speak
out self haters. As nasty and far gone as Chicago already is they better be on
their knees grateful for Richard M. Daley and Rahm Emanuel on duty now who
chose to follow the New York model Because It sure was heading towards being another
Detroit. Get out now while you still can.
kari ju
cmon
guys – the racist stuff is degrading all of us and it is offensive to Mayor
Nutter and the good people in that church, none of whom deserve to see that
kind of thing in print. They are on our side and they deserve our respect. The
riot over shoes is just what you’d expect anywhere that a leftist government
panders to a dependent class, telling them they’re entitled. Remember the
London riots a few months ago? This kind of thing happens the world over and it
is not a black thing per se
B. Guyton
Watch
the video above that provides a black man’s prospective. It may help you
understand why this is happening.
b. Guyton
Here
is the video. It may help explain the problem from a black man’s prospective.
Racist……………maybe? http://therealrevo.com/blog/?p=57506
Pingback:
They Can't Wait, They Break Into The Mall... | Breaking
News
Jason, NYC
Animals,
all of them, animals…
BubbaT
No,
not all. But that’s what the Government would like us to believe.
Obamanation
I’m
suprised they didn’t just steal the shoes. Redistribute the wealth to the lame
and lazy parasites of society. Leaches and slugs in $180 shoes.
Marilyn
Most
of these comments are really horrible. This has NOTHING to do with the race of
the people involved. This is what happens with 50 years of liberalism. This is
exactly what the democrat party wanted. A segment of society that will ALWAYS
vote for them. They have taken a group of people and for generations have told
them that the rest of society owes them. They have told this group of people
that they are NOT capable of taking care of themselves or their families. They
have been pushed through school while learning NOTHING except what party to
vote for. When a crime is committed they are often not made to pay for the
crime but are given exuses for the crime. What did you democrat voters think
would happen? That your stupid policies would work, even though you look back
and see 50 years of failure.
B. Guyton
From
the cotton and rice plantations to the Democrat plantation!!
Rita Ippolito
I’m a
conservative, not a racist. too many racists here for me but this comment from
Guyton … hit the mark…
Blacks
will continue to be Democrats no matter what as long as the Democrats promise
entitlements and as long as the nuclear Black family is in shambles.
New York Nick
You
got that right brah……. the dem plantation of fools , where be my handouts!!
Joe G
Nothing
to do with the race of the people involved? EVERY majority black city in the
world is a crime and disease ridden slum. The only logical conclusion is that
race is a factor.
Mike in Grasonville
Just
another example of blacks being a blight on society. Far too many of them live
off the backs of others, see Section 8 housing, welfare, food stamps, etc. No
other group, or should I say ethnic group behaves like this. Check any school
systems acheivement scores asnd you will see that blascks are dead last. So,
does this surprise anyone? Send them back to Africa, if they’ll have them.
jewbag
blacks.
Hollywood Hick
When
members of the black community see these stories, what are they thinking? Is
there any wonder the black community is such a mess? They are the most
pandered-to ethnic group on the planet and they are a hopeless disaster.
B. Guyton
Hay!!
You need nice shoes to walk around the Democrat plantation.
Bob13
Oh and
don’t forget the chocolate Jesus wants to make these upstanding citizens your
neighbors via sec8 housing and the best part is he’s gonna use your “white”
taxpayer dollars to do it.
Imagine
the joy of waking up one sunny morning to find a house full of these hood rats
living next door to you in your soon to be formally pristine neighborhood, and
of course and again the best part is that you get to pay for it and the schools
that their animalistic spawn will soon ruin, ain’t life grand?
It’s
time for weak feeble minded white people to grow a pair and stop this garbage,
if someone calls me a racist I laugh, that tired old worn out phrase means
nothing, these animals need to clean up their own mess or to their extreme
displeasure others will do it for them.
RicardoCabeza
The
Negros are their own worst enemy they just can’t help themselves. For the most
part they have no decency, no discipline and pure gutter trash instinct. I
don’t particularly blame them though they have a weak constitution It’s what
the welfare, government cheese and hand outs does to them that is the shame
here.
Larry Sinclair
Dang
1%’ers … cause we know those 99% are so broke they can’t even afford food for
the kids and surly don’t have $180.00 laying around .. unless you sell your EBT
food for cash …..
Steve
If
anyone is curious what a product of Socialism looks like, this is it. The
Democrat Party presents us with the great society!!
Obamas Stash
Black
on Black crime .. what’s new? Democrats started Jim Crow Laws,,, Democrats
started the KKK, Democrats took away blacks civil rights in 1875 but they
cannot figure out why after voting Democrrat 50 yrs they are still as bad off
as they were ….
ramon
You
are 100% right on target.
It
amazes me how Blacks vote 85 to 95% Dumbocrat every Presidential election. No
matter if it’s Obama, Kerry or any other Dumbocrat!
Sisao Tresed
This
whole mentality was spawned by big government, but every intelligent man must
think for himself and act as his own man or woman. Long after this event has
passed, the bitter taste of welfare, drugs, booze and abortion on demand, and
school systems that affirm lawlessness and immorality in the schools will be
alive and well in the black community. An illiterate ebonics-speaking woman
named “something-esha” is not gonna be at the top of the resume’ pile. Sadly,
so many good black folks get painted with this brush, and it’s unfair. “Feral”
blacks understand what they are doing wrong, but they don’t care. They have
become uncivilized. Politicians like them because they 1) vote as a single
block, 2) are easy to fool, 3) they don’t learn fast, 4)they just want “more
stuff” which politicians love to throw at them in speeches, and bellicose
repartee; but no action. But again…see #2.
Bill Brennan
if the
shoe fits…
Joe
Now
that’s a funny line.
I guess ignorance is a virtue
People
are getting hurt or injured bad because of a pair of stinkin air jordan shoes,
ill be damned if i will buy a pair of these shoes that are prob made in China,
Yes i said China!! What a bunch of a ..holes …. Ok they have bought the shoes ,
6 or 7 months later they will be in the trash , how ignorant and stupid can ppl
be ?
NowSwimBack
The
Civil Rights Act was a great idea, wasn’t it? If they’re not in your
neighborhood, they will be soon. Enjoy ‘em.
REAL STUPIDITY
REALLY?
180.00 FOR STINKIN SHOES
brutesforce
Baby
needs a new pair of shoes.
rusty the right wing nut
PS
F&CK U DEtroit and your pos Lions cause they suck too!!!!!
WE
need to bulldoze that big a$$ ghetto down look Like a Fu%% bomb went off in
that citty
Uncle Remus
Dang
freakin’ kneegroes (sic)…… they wouldn’t fight this hard for the last job on
earth …unless it was a bank job/heist…
Kim Bailey
“Wild
savages must be caged and returned to Africa” Said a Mall security guard
Richard Jones
Those
“shoppers” all look like obamas. Down here in Texas we don’t let obamas get
away with that kind of behavior.
james
We
need to bring back segregation. Blacks are not fit to live in a civilized
society. It was obvious then, and it’s obvious now.
retired
they
just happen to be 99.9% black…. just a frkkin coincidence…
Jim Burke
Wow………..
When I
first saw the film footage I was away from the monitor and couldn’t hear the
audio. I thought it was footage of people scrambling for an airplane food drop
in Biafra.
Jim Burke
Next
year require a pay stub for purchase rights.
ryan
Aren’t
these people the 99%?
Joe G
All
blacks in North America need to be either shot or deported. Like Baboons,
blacks can’t help acting the way they do. They’re born that way. I just don’t
want them roaming the streets in North America. Blacks have made every city in
which they are the majority unlivable for white families. White people would be
much better off without them.
William Baranowski
‘gro
footsies.
Joe
These
are the same people that will do everything in their power to keep their leader
in power. Are these the first of obozos brown shirts?
Liberal_Stupidity
When
you got a radical leader that is the most negative prez America has experienced
it just give permission for eveyone like hime to behave in the exact same way.
I hope America is watching and uses thier vote next year to cut the head off
the snake in DC
Joe Blow
Forget
about color. These are democrats!
Cigars Andscotch
Exactly
what I had expected. The crimes were committed by a bunch of white soccer
moms…….oh, wait a minute
Jerry Frey
PHILADELPHIA
— Mayor Michael A. Nutter, telling marauding black youths “you have damaged
your own race,” imposed a tougher curfew Monday in response to the latest
“flash mob” — spontaneous groups of teens who attack people at random on the
streets of the city’s tourist and fashionable shopping districts.
“Take
those God-darn hoodies down, especially in the summer,” Mr. Nutter, the city’s
third black mayor, said in an angry lecture aimed at black teens. “Pull your
pants up and buy a belt ‘cause no one wants to see your underwear or the crack
of your butt.”
“If
you walk into somebody’s office with your hair uncombed and a pick in the back,
and your shoes untied, and your pants half down, tattoos up and down your arms
and on your neck, and you wonder why somebody won’t hire you? They don’t hire
you ‘cause you look like you’re crazy,” the mayor said. “You have damaged your
own race.”
http://napoleonlive.info/did-you-know/violence-2/
White people are really "Pink"
Funny
how we have all forgotten the fights and brawls that folks with “Pink” skin had
over Tickle Me Elmo dolls and few years back at Christmas time. Funny, I don’t
recall any Black folks calling them fighting “Pink” skinners names such as
“animals”. Is name calling and hate mongering inbred into the “Pink” race???
Annie
“Pink”
people, mostly women tend to pull out each others hairs over bridal discounts
like at Filenes annual bridal sale. “Pink” men and soccer moms tend to scream,
name call and sometimes just lose it- and society comes down on them hard.
Black thugs take out switch blades, stab, shoot and kill others over a $100
pair of sneakers. Even African honey bees have a propensity toward deadly
swarming. Face it and act (or DONT act) accordingly.
RicardoCabeza
The
negro continually and always acts in an ignorant manner it is the curse of the
colored race the joyful embrace willful ignorance.
jon
I
checked the facts, their were no shootings, breaking into the stores or
fighting with police over tickle me Elmo dolls. There also are no people with
pink skin.
Todd P.
And
EVERY SINGLE ONE of these simpletons VOTED FOR OBAMA!! (if they voted at all)
Time to set a time limit (# of years) on welfare benefits. If you can’t make it
by then, it’s time to beg for charity from a relative, friend, or church………
Chaco
The
Japanese go through a Sunami and near nuclear meltdown with less turmoil than
these dopes fighting over some stupid ghetto fashion statement.
sonic
Bet
most there were on welfare and WE paid for those ugly sneakers. Ignorant slobs
Billy Bob
Those
shoes would look good on a 250 pound rapper.
Pingback:
Shoeblogging |
NavyOne
A Navy
guy’s take: http://themellowjihadi.com/2011/12/24/shoeblogging/
David Rutstein
Terrible,
how we have to end Obama’s term and end this free lunch. http://www.beyondquotes.com/marijuana . You can see
the result of illegal drugs and welfare.
Fatima
Lord,
save us from people who pepetuate negative stereotypes. Tsk, just too bad
people cannot get out of their own way and want to blame others for their poor
outcomes in life.
jon
The
people that perpetuate negative stereotypes are blacks themselves. Go to Drudge
Report and see that blacks have rioted over these shoes in every major city
where this sale has been offered. How many example of the same behavior does it
take for you to wake up and smell the java beans?
Panz
What
happened to the Civil Rights leaders and participants? If you look back at
photos of those people, their heads were always held high, they knew there was
a better America and they were helping to create it.
Then
along came the liberal programs, blacks were given handouts and special
treatment and this is the outcome. A bunch of animals fighting over ugly shoes.
Shoes! sneakers! They aren’t even decent shoes, just sneakers–you’ll wear them
untied so they flop around on your feet.
You
can’t speak English, merely ghetto slur. You can’t pull up or zip up your
pants, you can’t tie your shoes–you’re just not smart enough. And yes, your
trashy president encourages this behavior. You’re much easier to manage when
you’re just a bunch of animals to be poked and prodded as necessary.
There
are African Americans in this country and then there is you. Wake up and look
at yourself. All that for a pair of sneakers?? Really stupid.
Toxic Avenger
It
looks like a negro sneaker frenzy.
Ramon
Well,
Well … Obama supporters at their finest! (lol)
justified
A
thinking person asks themselves, “What are you going to DO about it?” Are you
going to support the Democratic borne Welfare culture, that led directly to
this mess, or are you voting against their candidates by electing viable
candidates i.e. GOP candidates.
Not
Independents, as on a State or Federal level a vote THIS TIME for an
Independent is a vote for the End of America as we know it. The debt piling up
will kill us or the Taxes will.
ATTENTION:
Blue Dog Democrats, the DNC/Obama has stated ‘YOU are NOT in our Future plans.’
John McCombs
Michael
Jordan and Nike should be held accountible for this atrocity. If gun
manufacturers are at fault for gun crimes, then Michael Jordan and Nike should
be made to suffer for this chimpout. On a serious note, however, wouldn’t a
statement from Michael Jordan go a long, long way toward reducing the violence.
If he simply said, “Really folks, are you serious? You’re going to hurt each
other over a pair of overpriced basketball shoes?” But no, MJ doesn’t have it
in him because as long as there is an extra nickel to be drained from his
peeps, he’s perfectly OK with the violence. Well done, Mike. Well done.
A.K.
NEGRO’S
ARE ENORMOUSLY STUPIDLY VIOLENT…IT’S A BRAIN SIZE THING!
jon
If you
went to Drudge you would see the ugly side of blacks is nation wide and not
just a local thing. What a shameful culture they have created amongst
themselves
Lordrobot
Illegitimate
Baby needs a new pair of shoes….
Artic Slayer
lol
nuttin like obama people tryin to save the food
naaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
Just the
Doubt
me? Just correct me and I will call you RACIST! lol
You
LOOSERSSSSSSSSSSSSSSSS.
I
didn’t vote for obama last time but this time I am
John Scott
lol
nuttin like obama people tryin to save the food
naaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
Just the
Doubt
me? Just correct me and I will call you RACIST! lol
You
LOOSERSSSSSSSSSSSSSSSS.
I
didn’t vote for obama last time but this time I am
Steven Travis
What’s
the one common denominator in all this????
Vince
The
big question is why isn’t OBAMA speaking out on this issue??? He manages to
find time to speak out if a white police officer is ACCUSED of racism when he
restrains a black “professor” from breaking into his house. Remember that?
Without knowing the facts he JUMPS and gives a speech. But incidents like these
teenage hoodlums who rob, beat up, and steal every day he says NOT A WORD
about. This is Obamanation. I hope those of you who voted for him are happy
now.
Cisco
Gorillas
In The Mist!
feduptoo
Not
so, they take care of their young!
McGruff
I immediately
wondered if my suspicion would be correct … and it was.
gwbnyc
“under
a gift tree”
A GIFT
TREE?
Cowards.
Gustafus21
These
are farm animals — who were given human rights — and they behave as farm
animals.
Look
what Venus Williams has done to tennis? – She threatens to ‘rearrange the face”
of a line judge?
They
should have been exterminated. Or forced breeding with whites could have
produced something more benign like O and family…. but ONLY white genes can
influence these vermin
Barry bin Inhalin
I saw
the headline and didn’t even wonder.
Patrick Nugent
EVERYBODY
SING: “We won’t go until we get some, we won’t go until we get some, we won’t
go until we get some, so bring it right here!”
ShoeShine
What’s
with these people and shoes???
Greg
I
didn.t see any white people ni the crowd? Only Blacks ??? What a violent group
of people, they need to get civilized.
Mike_in_Kyiv
Pure
silliness! No gift is worth this! I remember the Cabbage Patch moms who were
fighting to get one of those ugly little dolls a few years back. Now it’s a
pair of shoes that are not – REPEST – NOT worth all that money and you all make
fools of yourselves. Shame on you on our Lord’s birthday.
Grape Ape
Rev Al
Sharpton’s take on this news: “Da reason fo all deez people running amuck and
fightin’ and actin’ unruly is because da white man and society, namely
Republicans in da Congress, are gettin’ in the way of President Obama’s plan to
hand out more free monies into the minority community. It’s also the blame of
rich White communities across America who aren’t willing to spread more of
their wealth and make sure it goes into da hands of inner cities and
African-American communities. Think about it…if these fine, upstanding
customers had more monies at their disposal, they could have paid some illegal
aliens to stand in line for them to buy these items which they desperately need
and wouldn’t have to get into fights in da first place.”
Rev.
Jesse Jackson’s take on this news: “The EVIL corporations run by WHITE men are
to blame for this terrible atrocity!! Therefore, with all my graciousness and
good-will, I am planning to sue Nike shoes (for not supplying enough sneakers),
Michael Jordan’s white lawyer (because I can’t sue a good brother like MJ!),
the WHITE mall security who employed brutal tactics against these innocent
customers, and last but not least… my Rainbow Coalition will make sure these
businesses are not only selling enough items to African-American shoppers but
will also ensure that they are hiring enough minorities in their stories. And I
will say this, if our investigation turns up that they aren’t, we will take
them over and my son Jesse Jr and I will make sure that they are run fairly.
Plain and simple. It’s time to put an end to this WHITE tyranny in America once
and for all!!!”
Death of America
Black
people are uncivilized savages. They are the only race that needs to be coddled
and treated like little babies. It’s not a “white vs. black” thing – NO other
race likes blacks. Disgusting beasts who belong in the freaking jungle, period.
Thank you LBJ and all you other POS democrats.
Albert L. Peia
Yes...it's absolutely, unequivocally
true that blacks are inherently uncivilized and in evolutionary terms, only
evolved to a point ( http://albertpeia.com/anthroindex1.htm UPDATE: MORE CLAIMS OF RACE
BIAS AT HOLDER JUSTICE DEPARTMENT... (WP) ‘ ignore cases that
involve black defendants and white victims ' ], and prone to violence as with any feral animal. Moreover, I must admit
that I find their simian look repulsive; and, even before totally realizing the
foregoing reality owing to self-destructive egalitarian propaganda, never did
and never would know a black female in the biblical sense (despite their
‘intrusively easy availability’ - not a matter of skin color inasmuch as I have
‘known biblically’ red-Indian, brown-Hispanic, yellow-Oriental women). Wobama
the b for b***s*** is a typical, jive-talking 'n-word' and consequently an
abject failure as president. I was fortunate to have no blacks whatsoever in my
schools (schooling) through high school.
http://www.albertpeia.com
http://www.albertpeia.com/todayspage.htm
MELEE AT MALL OF AMERICA... Man beaten by robbers -- who stole new Air Jordan sneakers
off his feet!... Hundreds of Teens Run Wild After Rumors That Rappers
'Lil Wayne, Drake Are There... VIDEO: Mayhem, Screams... California
soldier shot at his homecoming party ]Islamists
kill dozens in Nigeria Christmas bombs For ‘self-defeating / self-destructive’ ‘political
correctness’ or otherwise, I believe the under-profiled black serial killer is
also the consequence of their proclivity for and love of killing, random, for
no reason other than for the sake of killing (which distinguishes them from and
positions them below other feral beasts) and otherwise, and an historic
predisposition toward canabalism. After all, the contra-indicated mainstream
view (tv and otherwise) calls for a white perp in terms of ‘profile’ which is
of course, ridiculous. I believe the under-reporting is owing to multiple
killings by blacks being classified as something other than ‘serial’; ie.,
gang, gang related, ‘typical’, etc.. Moreover, the anti-white bias of the black
perps is also a reality that’s under-reported. Take a look at the following
brutally uncivilized black on white violent rapes/murders:http://www.albertpeia.com/whitesvictimizedbyblacks.htm
Black Serial/Mass/Spree Killer List: Matthew Emanuel Macon (Murdered and
Raped 5 White Women in Lansing) Jimmie Reed (Murdered his
wife and his 2 month old daughter and set them on fire) Shelly Brooks (Murdered 7
prostitutes in Detroit Cass Corridor) Justin Blackshere (Stabbed two
white cooks at Cheli’s Chili downtown Detroit) Jervon Miguel Coleman (Murdered
three people.) Donell Ramon Johnson (Murdered a
mother and a daughter) Brian Ranard Davis (6 women known
murdered by nigger) Paul Durousseau (Seven women) Mark Goudeau “The Baseline
Killer” (Eight women and a man in 2005-2006) Coral Eugene Watts (11 women in
Texas & 1 in Michigan) Anthony McKnight (Five girls
and young women) Derrick Todd Lee (8 Women) Charles Lendelle Carter (4 known
murders; admits to ‘hunting’ Atlantans for 15 years!) The Zebra Killings (71 White
people) Chester Turner (L.A.s most
prolific killer 12 women killed.) Lorenzo J. Gilyard (Kansas City,
MO.—13 victims) Eugene Victor Britt (Gary, IN.–3
known murder/rapes.) Reginald and Jonathan Carr (The Wichita
Massacre–6 Whites murdered) Ray Joseph Dandridge and his
uncle, Ricky Gevon Gray (Richmond, VA.–Murdered 7 people in 7
days, including an entire White family.) The Tinley Park Murderer (Suspect hasn’t
been found but has been described as black – murdered 5 women in a store.) Henry Louis Wallace (Raped and
strangled 5 women to death.) Charles Johnston (Murdered 3
unarmed white men in hospital) Craig Price (Brutally murdered 3 women) Harrison Graham (Brually
Murdered 3 women) Charles Lee “Cookie” Thornton (Murdered 6
Whites at the Kirkwood, MO. city council. ) Darnell Hartsfeld & Romeo
Pinkerton (Abducted and Murdered 5 from a restaurant) Ivan Hill (killed 6 in
Los Angeles area). July 07, 2010 http://articles.cnn.com/2010-07-07/justice/grim.sleeper.arrest_1_lonnie-david-franklin-serial-killer-case-family-members?_s=PM:CRIME | By Mallory
Simon, CNN ‘Authorities in California said Wednesday they have arrested a
suspect in the Grim Sleeper serial killer case and will charge him with 10
counts of murder.Lonnie David Franklin Jr., 57, faces an additional count of
attempted murder, Capt. Kevin McClure with the Los Angeles Police Department
said.Franklin will arraigned in court Thursday morning, McClure said.The
California Attorney General's office attributed the arrest to DNA collected
from a relative of the suspect, in a controversial and rarely used practice
known as familial DNA search.’ Of Course There Are Black
Serial Killers by Lynette Holloway July 15, 2010 The case of the "Grim Sleeper" inspires a
second look at the popular perception that serial killing is the province of
clever white men. Serial Murderers' Row July 16, 2010 The following black men are among the most prolific
serial killers in U.S. history. http://www.theroot.com/multimedia/gallery-meet-6-black-serial-killers Plus: Behind the myth
that only white men commit such crimes . Black Serial Killers Not So Uncommon http://www.amren.com/news/news04/03/03/blackserial.html 200 Involved In Fights At Mall Of America After
Rumors That Rappers Are There...
Fox News’ Chris Wallace Has an
Anti-Ron Paul Agenda
Yahoo! Contributor
Network | Andrew Sullivan called for Chris Wallace to recuse
himself from the Iowa debate. [ Yes, he should recuse himself; and not just
because he’s pro-israeli jewish himself; and we all know how the misguided
israeli lobby feels about Ron Paul’s American interests first foreign policy
leanings and their excluding him from their sponsored debate. ]
Current Events Summarized In
Brilliant Art George Washington 12/16/2011 A picture is worth a
thousand words [ View archived file: http://www.albertpeia.com/currenteventsinart.htm ]
Wayne Madsen: Holder’s Fast
& Furious was Designed to Destablize Mexican Government Infowars
Nightly News | ‘Wayne Madsen has learned from his contacts within the Beltway
intelligence community that Jared Lee Loughner is an “MK-ULTRA” programmed
assassin and that US District Judge John Roll and Congresswoman Gabriel
Giffords were targetted for assassination.The reason for the decision to target
Judge Roll and Congresswoman Giffords has to do with their knowledge of the
malicious and purposeful arming of Mexican drug gangs along the US-Mexico
border by US intelligence agency assets in an effort designed to destablize the
Mexican government.This towards the end of making Mexico more dependent on US
military aid and protection from its private security contractors.A key quote from
Wayne Madsen’s report follows:
“WMR
has been told that in 2009, information about the CIA/Homeland
Security/Napolitano smuggling operation came to the attention of three
individuals, two members of Congress and a federal judge. The three were
Arizona Democratic Representatives Giffords, Republican Representative Mike
Conaway from west Texas, and Judge Roll. Giffords and Roll were working
together on investigating the extent of the clandestine weapons and druigs
smuggling operation and held some joint meetings with informants, one in north
Phoenix, in 2009.Information on the investigation and informants was strictly
limited to only a few trusted staffers and clerks for Giffords and Roll. In
addition, Conaway was also being briefed by informants on the smuggling
operation but since the death of Roll and the severe mental and physical
incapacitation of Giffords from the shooting carried out by Jared Lee Loughner,
said to be an MK-ULTRA-like trained assassin, he has gone silent in fear for
his own safety.Loughner’s was declared mentally incompetent and there are
reports, including one in Slate Magazine, that the U.S. Medical Center for
Federal Prisoners in Springfield, Missouri, where Loughner is being held,
pending a determination of his mental fitness to stand trial, is being
administered psychotropic drugs in his Kool Aid.In addition to receiving drugs
to fund its off-the-books operations, the CIA weapons smuggling program is
designed to arm the two main Mexican cartels — Sinaloa and Los Zetas — in order
to destabilize Mexico.
Cheney: Obama
Should Have Attacked Iran to Destroy Drone Kurt Nimmo | Violating Iran’s sovereignty to take
out a CIA spy drone is doable for the former vice president. [ War criminal cheney is absolutely,
totally, criminally insane. He truly is a psychopath of the ‘new american mold’
and indicative of the decline and fall of the nation just like that of ancient
(and even current, for other reasons) rome. He is so pathetic in trying to
still be relevant in his criminally insane way! ]
Israel stole weapon-grade
uranium from US, report will show Daily Star | Report will
show evidence Israel stole weapons-grade uranium from nuclear reprocessing
plant in Pennsylvania. Kristin Dailey December 8,
2011 WASHINGTON: A U.S.-based research institute will soon publish what it says
is “indisputable” evidence that Israel stole weapons-grade uranium for its
still-undeclared atomic weapons program from a nuclear reprocessing plant in
western Pennsylvania. The Institute for Research: Middle Eastern Policy (IRmep)
will release this month a 300-page report detailing the initial findings of a
multi-year research project investigating the disappearance of highly enriched
uranium from the Nuclear Materials and Equipment Corporation (Numec) in Apollo,
Pennsylvania in the 1950s and 1960s. Grant Smith, the director of IRmep, told
The Daily Star that the report would include a broad range of newly
declassified and un-redacted government documents from various agencies –
including the Department of Energy, Atomic Energy Commission, FBI and CIA –
that prove that nuclear material was diverted from Numec to Israel. “The story
at this point is that there is no one smoking gun; there are many smoking
pistols lying all over the place that we’ve painstakingly collected,” Smith
told The Daily Star.’
DHS Shut Down
Blog For A Year On False Pretenses Paul Joseph Watson | Homeland
Security is seizing websites for “copyright infringement” with no evidence. Paul Joseph
Watson Prison Planet.com December 9, 2011
In a
chilling illustration of how far Internet censorship has advanced, the
Department of Homeland Security seized a popular music blog and shut down the
website for over a year on charges it now admits were completely false.
The website in question – www.dajaz1.com – was not some obscure, dubious blog –
it was a popular platform for DJ’s that was once featured on MTV.
“Around
Thanksgiving 2010, the Department of Homeland Security seized more than 70
domains with no trial, accusing them of copyright infringement,” reports the
San Francisco Chronicle.
Dajaz1.com
was caught in the dragnet after DHS claimed four songs the website were used without permission,
when in fact the musicians and publicists concerned had sent the tracks directly
to Dajaz1 with express authorization.
That
didn’t stop Homeland Security from seizing and shutting down the blog for over
a year, violating the law by refusing to tell its owner why the website was
taken and subsequently missing the 90 day deadline for explaining why the owner
should forfeit the property permanently.
“Or at
least that’s what the owner assumed when he heard nothing. Then the court told
him that the government got an extension.”
“But
the owner couldn’t see the extension because all the filings in the case were
sealed, and was not allowed to testify in court to ask for his property back,
says TechDirt.”
The
saga finally came to a close when the owner was handed back control of the
website only yesterday.
The
lesson to take from this is that Homeland Security can now just claim your
website contains copyrighted material with no evidence whatsoever and seize it
without any recourse.
“This
whole thing has been a disgrace by the US government, starting with a bogus
seizure, improper and illegal censorship, followed by denial of due process and
unnecessary secrecy,” reports TechDirt .
The DHS has already seized
dozens of websites merely for linking to copyrighted material, despite the
fact that such material isn’t even hosted on the website itself, a process the
Electronic Frontier Foundation has criticized as, “Blunt instruments that cause
unacceptable collateral damage to free speech rights.”
The
targeted website, now finally back in the hands of its rightful owner, has become
a poster child for the anti-Internet censorship movement. The front page of the
site urges readers to oppose the Protect IP Act, legislation that will give the
government even more power to block websites by creating an official blacklist.
As we reported back in October , the bill that
has attracted bi-partisan support in the House will force Internet Service
Providers to create a list of banned websites and prevent their users from
accessing the sites, creating a Chinese-style ‘ban list’ that could easily be
abused to silence free speech. Lawmakers like Senator Joe Lieberman have teamed
up with Department of Homeland Security officials to push draconian legislation
in an effort to mimic the Communist
Chinese system of policing the Internet.
“A
service provider shall take technically feasible and reasonable measures
designed to prevent access by its subscribers located within the United States
to the foreign infringing site (or portion thereof) that is subject to the
order, including measures designed to prevent the domain name of the foreign
infringing site (or portion thereof) from resolving to that domain name’s
Internet Protocol address,” states the bill.
Given
the fact that the U.S. government is now ordering You Tube to remove
videos that contain “government criticism,” the potential
for this legislation to be abused to silence political free speech is clear.
Add to that the fact that Verisign, the global authority over all .com domain
names, is demanding the power to terminate
websites deemed “abusive” when ordered to by government without a court order
or any kind of oversight whatsoever, and the threat to web freedom is clear.’
Putin harks back
to Cold War 20 years on AFP | [ Come on! Don’t
be ridiculous! If this was one isolated incident, well, maybe. But the fact is
this is unmistakably global american policy; albeit primative and yes,
hearkening back to the cold war years, and conflicts, so longed for by the
military industrial complex (and yes, the cia is part of that war mongering,
chaos loving/creating nefarious entity – for maintaining/increasing
budgets/corporate welfare).]
Accusations by Vladimir Putin that the United States is funding poll
monitors to spark protests in Russia mark a return to the rhetoric of the Cold
War.
Iowa Poll: Only
Ron Paul Can Beat Obama Steve Watson |
Congressman proves he’s a “big cat” in the fight for GOP nomination. [ This is
true! Why? Because ultimately the realization will set in that the other
republican candidates are just more of the same, except that they’ll be
inclined to give even more breaks to the 1% and military industrial complex
(warned against by the great but substantially underrated President General
Eisenhower) that got us to this forlorn point! ]
Donald Trump
Dismisses Ron Paul as “Joke Candidate” Kurt Nimmo | Millions of Americans support Paul’s
call for ending foreign aid. [ Yet it’s trump who is the big joke (which makes
america look like a bigger joke)! He’s a caricature at best, and the joke that
keeps on giving (SNL, etc.), and a government-protected mobster. ‘When they’re
losing, they can afford to be principled’ says corrupt mobster trump regarding
the snubbing of his ‘less than moderation’ of an upcoming debate in Iowa by the
remaining principled GOP contenders. In reality, it’s actually ‘when you’re
winning, you can afford to be principled’. But, in trump’s corrupt, sordid,
sinkhole habitat, the former is indeed his truth. If you’re principled, you’re
losing in trump’s rather surreal unreality. After all, pervasively corrupt and
unprincipled america is indeed losing; and, big-time at that. That trump is a
megalomaniac, a narcissist, and, yes … a loser, there is no question. Indeed,
anyone who ‘wins’ unfairly (corruption, etc.) at others expense (ie., as does
himself, the frauds on wall street, etc.) is a loser. Unfortunately, such modus
operandi, including that which is criminal, has been accorded protection and
respect in defacto bankrupt america, much like the ‘protected’ (bribes, etc.)
common drug dealer (america, see infra), pimp, etc.. Then there’s the endearing
(to a dumbed down american public) hype! That cloyingly cutesy ‘the donald’
routine is nauseating; but, that’s the natural, visible concomitant to a nation
in ineluctable decline! On a positive note, megalomaniac trump will not be able
to retread the path of his role model / idol Adolf Hitler as head of state.
He’s really quite a joke when you think about it; and a mentally ill one at
that; ask Steve Wynn, he’ll tell you, he’s already said it.
‘Pizza with palin’, ‘town hall of fame with Bachmann’, trump purports to
be at least ‘alcohol free’ (the alleged cause – I don’t think so – of mobster
trump’s elder brother’s suicide); but is he ‘med-free’? … there must be
something to account for his madness (he’s a psychopath who used to play Hitler
speeches for inspiration). Ron Paul Slams
Trump, Joins Huntsman In Sitting Out ‘Circus-Like’ Debate Business
Insider | The reality television star’s participation is “beneath the office of
the Presidency.”
Trump to moderate GOP debate This won’t end
well. (Washington Post) [ Goes without saying… of all people to choose … Why
not Jerry Springer?… ‘Non-celebrity Apprentice’, the new reality show, as in
who scratches whose back for favors down the road, as in quid pro quo, as in
trump’s continued ‘graduation’ from commonly mob connected, to new york/new
jersey politically sordid sinkholes, to now failed washingtonian …
‘establishment’? Hasn’t trump’s rise coincided with the nation’s decline / demise?
I’ve seen the corruption first hand! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has
promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s
Blog / the grim economic reality
[ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has
promised to hold Wall Street accountable for the meltdown.
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv Does regulation really kill
jobs? (Washington Post) [ Just those
corruption-related ones; those organized crime, as well as disorganized crime
jobs for which there’s plenty of ‘quid pro quo’, bribes, etc., to go around. Energy Dept. failed to act as
Solyndra sank (WP) [ This stuff is becoming all too
typical. I believe it’s time to start questioning what federal employees get
paid for. After all, pervasively corrupt america is defacto bankrupt ( America’s debt woe is worse
than Greece’s News
(CNN) — ‘Our government is utterly broke…The government’s total indebtedness is
$211 trillion ’ ) . Moreover, america’s pervasive
corruption, even crimes, has become
synonomous with the machinations of any number of federal agencies /
departments / all branches of government
(ie., DOJ – holder/fast and furious/race bias UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore
cases that involve black defendants and white victims , Fannie / Freddie Mac , SEC
destroyed documents, senator says 17
Aug 2011 ‘The Securities and Exchange Commission destroyed documents and
compromised enforcement case ... Sen.Grassley “It doesn’t make sense that an
agency responsible for investigations would want to get rid of potential
evidence…’ Report: SEC lawyer exposed FBI
informant (WP) [the sec liar (sic – lawyer)
typically with a ‘pre or post’ arrangement, whether implicit or explicit; that
ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that
national drain / sinkhole new york (new york / new jersey metro) where, for
example, FBI informants were routinely exposed by ‘italians’ in the new york
d.a.’s office over the objection of the FBI, and were murdered by mafia /
organized crime [ this was documented with authority in ‘Goombata: The
Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman ] SEC faulted over records
shredding The SEC destroyed internal documents
that should have been preserved as official federal records, the agency’s
inspector general has found. (Washington Post) [ Oh, if it was only that, and
only the SEC; and if only they did an incisive investigation of the DOJ. Sheriff: Fast
and Furious Bigger Scandal Than Watergate http://www.prisonplanet.com/sheriff-fast-and-furious-bigger-scandal-than-watergate.html Paul Joseph Watson | Over two
dozen Republicans call for Holder to resign. Though heavily redacted, the documents directly discuss “Operation Fast and Furious” and how it involves “trafficking firearms to
Mexico”. Tuesday, November 1, 2011 . )That’s certainly my experience which
comports with reality, http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
‘I’m attracted to young
people’: Shocking details in scandal of ‘delusional’ Sandusky Mail Online | Penn State
paedophile Jerry Sandusky’s rabbit hole goes even deeper and darker than we
thought
D.E.A. Launders
Mexican Profits of Drug Cartels NY Times | Undercover
American narcotics agents have laundered or smuggled millions of dollars in
drug proceeds.
Romney
visits former President George H.W. Bush
Woman
“imprisoned” on Scientology cruise ship for 12 years In an interview with the Australian
Broadcasting Corporation's (ABC News) Lateline program , Paris claims
that Church of Scientology leader David Miscavige sent her to the ship when she
was 18 in order to prevent her family from pulling her out of the
organization."I was basically hauled in and told that my mum had attacked
the church and that I needed to disconnect from her because she was
suppressive," she said. "He decided the ship, and I found out two
hours before my plane left, I was woken up in the morning and I was sent to the
ship for 'two weeks.' "Paris was born into a Scientology family, but her
mother quit the group after her husband committed suicide, blaming Scientology
for coercing him out of a self-made personal fortune of more than a million
dollars.Instead of the promised two week stay, Paris found herself unable to
leave the ship without an official Scientology escort and was often forced into
hard labor on the lower levels of the ship for stretches as long as two full
days. "It's hot, it's extremely loud, it's smelly, it's not nice. I was sent
down there at first for 48 hours straight on almost no sleep and I had to work
by myself," she said.So, why didn't Paris simply escape from the ship when
it would take port? The Freewinds has a relatively small sailing route,
traveling throughout the Caribbean and occasionally docking at small
islands."I did not want to be there, I made it clear I did not want to be
there and that was considered bad ethics, meaning it was considered not
right," she said. "They take your passport when you go on the ship
and you're in the middle of an island. So it's a bit hard [to escape] and by
that time I was 18, I'd been in Scientology my whole life, it's not like I knew
how to escape," she said…’
Ten Years
Later, Enron Pales in Comparison
Horses could
soon be slaughtered for meat in US Horses could
soon be butchered in the U.S. for human consumption after Congress quietly
lifted a 5-year-old ban on funding horse meat inspections, and activists say
slaughterhouses could be up and running...{ Another ‘bullish’ sign for
pervasively corrupt, defacto bankrupt America. ‘Soylent green’ just around the
corner? [Things are looking very, very ominous: A good business for a bad
economy Firms that keep foreclosed homes clean and secure are
flourishing in these tough financial times.
(Washington Post) [ See … there you go … great times for the american
optimist … who sees an opportunity in every calamity, the rainbow beyond every
cloud, the glass half-full, etc.. Whew, close call … and we thought times were
tough … and just when we thought everything’s now comin’ up roses, we find out
that that ‘glue factory’ we thought was for horses is really a ‘soylent green’
(of the compelling film of the same name) factory. Ah, just kidding; but, the
times are getting eerily sordid and desperate and there’ll be no real relief
from the onslaught of reality prospectively. It’s really that bad in futuro. 43,454,601,693,238
Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17,
2011 http://www.economist.com/content/global_debt_clock Foreigners Sell Second Largest
Amount Of US Bonds Ever In Past Week, Record $93 Billion In US Paper Sold In
Past 2 Months Zero Hedge | Europe, and especially Germany has been
just an active seller of sovereign bonds.]
}
30 Signs That
The United States Of America Is Being Turned Into A Giant Prison The American
Dream | If you live in the United States of America, you live in a giant prison
where liberty and freedom are slowly being strangled to death. The American Dream Tuesday,
November 29, 2011 'If you live in the United States of America, you live in a
giant prison where liberty and freedom are slowly being strangled to
death. In this country, the control freaks that run things are obsessed
with watching, tracking, monitoring and recording virtually everything that we
do. Nothing is private anymore. Everything that you do on the
Internet is being monitored. All of your phone calls are being
monitored. In fact, if law enforcement authorities suspect that you have
done something wrong, they will use your cell phone microphone to listen to you
even when you think your cell phone is turned off. In many areas of the
country, when you get into your car automated license plate readers track you
wherever you go, and in many major cities when you are walking on the streets a
vast network of security cameras and “smart street lights” are constantly
watching you and listening to whatever you say. The TSA is setting up
“internal checkpoints” all over the nation, Homeland Security is encouraging
all of us to report any “suspicious activity” that our neighbors are involved
in and the federal government is rapidly developing “pre-crime” technology that
will flag us as “potential terrorists” if we display any signs of
nervousness. If you are flagged as a “potential terrorist”, the U.S.
military can arrest you and detain you for the rest of your life without ever
having to charge you with anything. Yes, the United States of America is rapidly
being turned into a “Big Brother” prison grid, and most Americans are happily
going along with it. The sad thing is that this used to be “the land of the
free and the home of the brave”.So what in the world happened?A fundamental
shift in our culture has taken place. The American people have eagerly
given up huge chunks of liberty and freedom in exchange for vague promises of
increased security.Our country is now run by total control freaks and paranoia
has become standard operating procedure.We were told that the terrorists hate
our liberties and our freedoms, and that we needed to fight the terrorists so
that we could keep our liberties and our freedoms.But instead, the government
keeps taking away all of our liberties and our freedoms.How in the world does that
make any sense?Have the terrorists won?As a country, we have moved so far in
the direction of communist China, the USSR and Nazi Germany that it is almost
impossible to believe.Yes, turning the United States of America into a giant
prison may make us all slightly safer, but what kind of life is this?Do we want
to be dead while we are still alive?Is this the price that we want to pay in
order to feel slightly safer?Where are the millions of Americans that still
yearn to breathe free air?America is supposed to be a land teeming with people
thirsting for independence. For example, “Live Free or Die” is supposedly
the official motto of the state of New Hampshire.But instead, the motto of most
Americans seems to be “live scared and die cowering”.We don’t have to live like
this.Yes, bad things are always going to happen. No amount of security is
ever going to be able to keep us 100% safe.We need to remember that a very high
price was paid for our liberty and we should not give it up so easily.As one very
famous American once said, when we give up liberty for security we deserve
neither.
The
following are 30 signs that the United States of America is being turned into a
giant prison….
#1 A new bill that is going through the U.S. Senate would
allow the U.S. military to arrest American citizens and hold them indefinitely
without trial. This new law was recently discussed in an article the website of the New American ….
In what may be a tale too bizarre
to be believed by millions of Americans, the U.S. Senate appears ready to pass
a bill that will designate the entire earth, including the United States and
its territories, one all-encompassing “battlefield” in the global “war on
terror” and authorize the detention of Americans suspected of terrorist ties
indefinitely and without trial or even charges being filed that would
necessitate a trial.
U.S. Senator Lindsey Graham is a big
supporter of the bill, and he says that it would “basically say in law for the
first time that the homeland is part of the battlefield”.
According to the PPJ Gazette , the following are three things
that this new law would do….
1) Explicitly authorize the
federal government to indefinitely imprison without charge or trial American
citizens and others picked up inside and outside the United
States;
(2) Mandate military
detention of some civilians who would otherwise be outside of military
control, including civilians picked up within the United States
itself ; and
(3) Transfer to the
Department of Defense core prosecutorial, investigative, law enforcement,
penal, and custodial authority and responsibility now held by the Department of
Justice.
#2 U.S. Senator
Joe Lieberman is asking Google to install a “ terrorist button ” on all Blogger.com blogs so that
readers can easily flag “terrorist content” for authorities.
#3 Most Americans
have no idea how sophisticated the “Big Brother” prison grid has become.
For example, in Washington D.C. the movements of every single car are tracked
using automated license plate readers (ALPRs). The following comes
from a recent Washington Post
article ….
More than 250 cameras in the
District and its suburbs scan license plates in real time, helping police
pinpoint stolen cars and fleeing killers. But the program quietly has expanded
beyond what anyone had imagined even a few years ago.
With virtually no public debate,
police agencies have begun storing the information from the cameras, building
databases that document the travels of millions of vehicles.
Nowhere is that more prevalent
than in the District, which has more than one plate-reader per square mile, the
highest concentration in the nation. Police in the Washington suburbs have
dozens of them as well, and local agencies plan to add many more in coming
months, creating a comprehensive dragnet that will include all the approaches
into the District.
#4 In some
American schools, RFID chips are now being used to monitor the attendance and
movements of children while they are at school. The following is
how one article recently described a program that
has just been instituted at a preschool in California….
Upon arriving in the morning,
according to the Associated Press, each student at the CCC-George Miller
preschool will don a jersey with a stitched in RFID chip. As the kids go about
the business of learning, sensors in the school will record their movements,
collecting attendance for both classes and meals. Officials from the school
have claimed they’re only recording information they’re required to provide
while receiving federal funds for their Headstart program.
#5 Increasingly,
incidents of misbehavior at many U.S. schools are being treated as very serious
crimes. For example, when a little girl kissed a little boy at one
Florida elementary school recently, it was considered to be a “ possible sex crime ” and the
police were called out.
#6 But what
happened to one very young student in Stockton, California earlier this
year was
even worse ….
Earlier this year, a Stockton
student was handcuffed with zip ties on his hands and feet, forced to go to the
hospital for a psychiatric evaluation and was charged with battery on a police
officer. That student was 5 years old.
#7 In the United
States today, police are trained to respond to even the smallest crimes with
extreme physical force. For example, one grandfather in Arizona was
recently filmed laying unconscious in a pool of his own blood after police
rammed his head into the flood inside a Wal-Mart on Black Friday night.
It was thought that he was shoplifting, but it turns out that he says that he
was just trying to tuck a video game away so other crazed shoppers would not
grab it out of his hands.
#8 Did you know
that the government actually sets up fake cell phone towers that can intercept
your cell phone calls? The following is how a recent Wired article described these
“stingrays”….
You make a call on your cellphone
thinking the only thing standing between you and the recipient of your call is
your carrier’s cellphone tower. In fact, that tower your phone is connecting to
just might be a boobytrap set up by law enforcement to ensnare your phone
signals and maybe even the content of your calls.
So-called stingrays are one of the
new high-tech tools that authorities are using to track and identify you. The
devices, about the size of a suitcase, spoof a legitimate cellphone tower in
order to trick nearby cellphones and other wireless communication devices into
connecting to the tower, as they would to a real cellphone tower.
The government maintains that the
stingrays don’t violate Fourth Amendment rights, since Americans don’t have a
legitimate expectation of privacy for data sent from their mobile phones and
other wireless devices to a cell tower.
#9 U.S. border
agents are allowed by law to search any laptop being brought
into the United States without even needing any reason to do so.
#10 In the United
States of America, everyone is a “potential terrorist”. According to FBI
Director Robert Mueller, “homegrown terrorists” represent as
big a threat to American national security as al-Qaeda does.
#11 Most Americans
are not that concerned about the Patriot Act, but that might change if they
understood that the federal government has a “secret interpretation” of what
the Patriot Act really means. U.S. Senator Ron Wyden says that the U.S.
government interprets the Patriot Act much more “broadly” than the
general public does….
“We’re getting to a gap between
what the public thinks the law says and what the American government secretly
thinks the law says.”
#12 The FBI is now
admittedly recording Internet talk radio programs all over the United
States. The following comes from a recent article by Mark Weaver of WMAL.com ….
If you call a radio talk show and
get on the air, you might be recorded by the FBI.
The FBI has awarded a $524,927
contract to a Virginia company to record as much radio news and talk
programming as it can find on the Internet.
The FBI says it is not playing big
brother by policing the airwaves, but rather seeking access to what airs as
potential evidence.
#13 The federal
government has decided that what you and I share with one another on Facebook
and on Twitter could be a threat to national security. According to a recent Associated Press
article , the Department of Homeland Security will soon be
“gleaning information from sites such as Twitter and Facebook for law
enforcement purposes”.
#14 What you say
on your cell phone is
never private . The truth is that that the FBI can demand to see your cell
phone data whenever it wants. In addition, according to
CNET News the FBI can remotely activate the microphone on your
cell phone and listen to whatever you are saying….
The FBI appears to have begun
using a novel form of electronic surveillance in criminal investigations:
remotely activating a mobile phone’s microphone and using it to eavesdrop on
nearby conversations.
The technique is called a “roving
bug,” and was approved by top U.S. Department of Justice officials for use
against members of a New York organized crime family who were wary of
conventional surveillance techniques such as tailing a suspect or wiretapping
him.
#15 In some areas
of the country, law enforcement authorities are pulling data out of cell phones
for no reason whatsoever. According to the ACLU , state police
in Michigan are now using “extraction devices” to download data from the cell
phones of motorists that they pull over. This is taking place even if the
motorists that are pulled over are not accused of doing anything wrong.
The following is how a recent
article on CNET News described the capabilities of
these “extraction devices”….
The devices, sold by a company
called Cellebrite, can download text messages, photos, video, and even GPS data
from most brands of cell phones. The handheld machines have various interfaces
to work with different models and can even bypass security passwords and access
some information.
#16 The federal
government has become so paranoid that they have been putting GPS tracking
devices on the vehicles of thousands of people that have not even been charged
with committing any crimes. The following is a short excerpt from a recent Wired magazine article about this
issue….
The 25-year-old resident of San
Jose, California, says he found the first one about three weeks ago on his
Volvo SUV while visiting his mother in Modesto, about 80 miles northeast of San
Jose. After contacting Wired and allowing a photographer to snap pictures of
the device, it was swapped out and replaced with a second tracking device. A
witness also reported seeing a strange man looking beneath the vehicle of the
young man’s girlfriend while her car was parked at work, suggesting that a
tracking device may have been retrieved from her car.
Then things got really weird when
police showed up during a Wired interview with the man.
The young man, who asked to be
identified only as Greg, is one among an increasing number of U.S. citizens who
are finding themselves tracked with the high-tech devices.
The Justice Department has said
that law enforcement agents employ GPS as a crime-fighting tool with “great frequency,” thousands of the devices
#17 New high-tech
street lights that are being funded by the federal government and that are
being installed all over the nation can also be used as surveillance cameras,
can be used by the DHS to make “security announcements” and can even be used to
record personal conversations. The following is from a recent article by
Paul Joseph Watson for Infowars.com ….
Federally-funded high-tech street
lights now being installed in American cities are not only set to aid the DHS
in making “security announcements” and acting as talking surveillance cameras,
they are also capable of “recording conversations,” bringing the potential
privacy threat posed by ‘Intellistreets’ to a whole new level.
#18 If you choose
to protest in the streets of America today, there is a good chance that you will
be brutalized. All over the United States law enforcement authorities
have been spraying pepper spray directly into the faces of unarmed protesters in recent weeks.
#19 In many areas
of the United States today, you will be arrested if you do not produce proper
identification for the police. In the old days, “your papers please” was
a phrase that was used to use to mock the tyranny of Nazi Germany. But
now all of us are being required to be able to produce “our papers” for law
enforcement authorities at any time. For example, a 21-year-old college
student named Samantha Zucker was recently arrested and put in a New York City
jail for 36 hours just because she could not produce any
identification for police .
#20 According to
blogger Alexander Higgins, students in kindergarten and the 1st grade in the
state of New Jersey are now required by law to participate “in monthly
anti-terrorism drills”. The following is an excerpt from a letter that he recently received from
the school where his child attends….
Each month a school must conduct
one fire drill and one security drill which may be a lockdown, bomb threat,
evacuation, active shooter, or shelter-in place drill. All schools are now
required by law to implement this procedure.
So who in the world ever decided that it
would be a good idea for 1st grade students to endure “lockdown” and “active
shooter” drills?
To get an idea of what these kinds of
drills are like, just check out this video .
#21 With all of
the other problems that we are having all over the nation, you would think that
authorities would not be too concerned about little kids that are trying to
sell cups of lemonade. But sadly, over the past year police have been
sent in to shut down lemonade stands run by children all over the United States .
#22 The federal
government has decided to invest a significant amount of time, money and energy
raiding organic farms. The following example comes from Natural News ….
It is the latest case of extreme
government food tyranny, and one that is sure to have you reeling in anger and
disgust. Health department officials recently conducted a raid of Quail Hollow
Farm, an organic community supported agriculture (CSA) farm in southern Nevada,
during its special “farm to fork” picnic dinner put on for guests — and the
agent who arrived on the scene ordered that all the fresh, local produce and
pasture-based meat that was intended for the meal be destroyed with bleach.
#23 It is an
absolute disgrace that all of us ( including grandmothers and
young children ) must either go through body scanners that reveal the
intimate details of our naked bodies or endure
“enhanced pat-downs” during which our genitals will be touched before we are
allowed to get on an airplane.
It is also an absolute disgrace that the
American people are putting up with this.
#24 Invasive TSA
security techniques are not just for airports anymore. Now, TSA “VIPR
teams” are actively conducting random inspections at bus stations and on
interstate highways all over the United States. For example, the
following comes from a local news report down in Tennessee ….
You’re probably used to seeing
TSA’s signature blue uniforms at the airport, but now agents are hitting the
interstates to fight terrorism with Visible Intermodal Prevention and Response
(VIPR).
“Where is a terrorist more apt to
be found? Not these days on an airplane more likely on the interstate,” said
Tennessee Department of Safety & Homeland Security Commissioner Bill
Gibbons.
Tuesday Tennessee was first to
deploy VIPR simultaneously at five weigh stations and two bus stations across
the state.
TSA “VIPR teams” now conduct
approximately 8,000 “unannounced security
screenings” a year at subway stations, bus terminals, ports and
highway rest stops.
#25 More than a
million hotel television sets all over America are now broadcasting propaganda
messages from the Department of Homeland Security promoting the “See Something,
Say Something” campaign. In essence, the federal government wants all of
us to become “informants” and to start spying on one another constantly.
The following comes from an article posted by USA Today ….
Starting today, the welcome
screens on 1.2 million hotel television sets in Marriott, Hilton, Sheraton,
Holiday Inn and other hotels in the USA will show a short public service
announcement from DHS. The 15-second spot encourages viewers to be vigilant and
call law enforcement if they witness something suspicious during their travels.
#26 Certain
“types” of American citizens are being labeled as potential threats in official
U.S. government documents. An unclassified Department of Homeland
Security report published a couple years ago entitled “ Right-wing Extremism: Current
Economic and Political Climate Fueling Resurgence in Radicalization and
Recruitment ” claims that a belief in Bible prophecy “could motivate
extremist individuals and groups to stockpile food, ammunition and
weapons.” The report goes on to state that such people are potentially
dangerous.
#27 Back on
February 20, 2009, the State of Missouri issued a report entitled “ MIAC Strategic Report: The
Modern Militia Movement “. That report warned that the
following types of people may be potential terrorists….
*anti-abortion activists
*those that are against illegal
immigration
*those that consider “the New World
Order” to be a threat
*those that have a negative view of the
United Nations
#28 As I have
written about previously , a very
disturbing document that Oath Keepers has obtained shows that the FBI is now
instructing store owners to report many new forms of “suspicious activity” to
them. According to the document , “suspicious
activity” now includes the following….
*paying with cash
*missing a hand or fingers
*”strange odors”
*making “extreme religious statements”
*”radical theology”
*purchasing weatherproofed ammunition or
match containers
*purchasing meals ready to eat
*purchasing night vision devices, night
flashlights or gas masks
Do any of those “signs of suspicious
activity” apply to you?
#29 Soon you may
get labeled as a “potential terrorist” if you are just feeling a little
nervous. A new “pre-crime” technology system that is currently being
tested by the U.S. Department of Homeland Security will soon be in use all over
the nation. It is called “Future Attribute Screening Technology” (FAST),
and it is very frightening. The following description of this new program
comes from an article in the London Telegraph ….
Using cameras and sensors the
“pre-crime” system measures and tracks changes in a person’s body movements,
the pitch of their voice and the rhythm of their speech.
It also monitors breathing
patterns, eye movements, blink rate and alterations in body heat, which are
used to assess an individual’s likelihood to commit a crime.
The Future Attribute Screening
Technology (FAST) programme is already being tested on a group of government
employees who volunteered to act as guinea pigs.
#30 The truth is
that nobody puts more people into prison than America does. The United
States has the highest incarceration rate in the world
and the largest total prison population on the entire
globe.
To read about some of the crazy things
that the control freaks running things have planned for the future, just check
out this article by Natural News: “ 10 outlandish things the
‘scientific’ controllers have in mind for you in the near future “.
Once again, despite all of this
outrageous “security”, it is inevitable that a lot of really bad things are
going to happen in the United States in the years ahead.
When there are incidents of violence, it
is also inevitable that there will be calls for even more “ Big
Brother ” security measures.
We are going to be caught in a never
ending spiral of tyranny where the “solution” is always even tighter security.
Eventually, we will have lost all of our
liberties and freedoms, and we will probably be even less safe than we are
today.
Do not be deceived. We could put a
soldier on every corner, a video camera in every room of every home and an RFID
chip in every citizen but that would not make us “safe”.
Every single lawmaker that is backing
these laws which strip our liberties and freedoms away deserves to be voted out
of office.
If you love the United States of
America, please stand up and say something while you still can.
Please use this article and other
articles like it as tools. Share them with your friends and your
family. If we can get enough people to wake up, perhaps there is still
enough time to turn the direction of this country around.
Will the final chapters of the history
of the United States of America be mentioned in the same breath as communist
China, the USSR and Nazi Germany, or will the final chapters of the history of
the United States of America be the greatest chapters of all?
The choice, America, is up to you.’
Fayyad Says Israel Must Stop Withholding Palestinian
Revenue [ The match made in hell … americans /
israelis are just common thieves / criminals. ] BusinessWeek Nov. 24 (Bloomberg) -- Palestinian Authority Prime Minister Salam Fayyad
said Israel must stop withholding tax and customs payments that it collects for
the Palestinians and which account for two-thirds of the organization's
revenue.
Exclusive:
CIA Spies Caught, Fear Execution in Middle East
First Lady
booed at NASCAR race
Pentagon chief calls India,
China ‘threats’ AFP | US Defense Secretary Leon Panetta referred to
India and China as “threats” on Thursday. [ Oh riiiiight! Anything or anybody
that’s not an incompetent, brainless automaton is a ‘threat’ to the u.s.
because in projecting america’s insanity, America sees them deviantly sitting
around plotting ways to wreak havoc and war in the world for the sake of maintaining
their wasteful, nation-draining budgets. What isn’t ‘a threat’ to these mental
cases. Certainly the truth is a threat to incompetent dog panetta, yet it is he
and his who are the threat to this nation and the world. ]
Penn State
Scandal: Mother of Sandusky's Adopted Son Speaks Out By KEVIN DOLAK | Good Morning America http://gma.yahoo.com/penn-state-scandal-mother-sanduskys-adopted-son-speaks-091457912.html
The birth mother of Jerry Sandusky 's youngest
adopted child has come forward saying she believes the former Penn State coach led her son on
a path of self-destruction and that she contacted authorities years ago about
her son's safety.
Debra
Long told ABC News in an exclusive interview that sharing her now 33-year-old
son Matt with Sandusky had been a nightmare after
the coach became the boy's guardian via foster care in 1995. Long says that she
watched as her child became enamored with the local hero and then increasingly
frightened by Sandusky's behavior.
"It
was Jerry Sandusky, you know? Any 10-year-old kid is gonna be impressed by Penn
State football," Long said. "And then it was the gifts. You know,
money and clothing and whatever … It was as if Jerry owned Matthew."
Sandusky entered the lives of the Longs as a
mentor when Matt was 10 years old, via The Second Mile charity for at-risk
youth, which the former Penn State defensive coordinator founded. When Matt was
placed in juvenile hall after he set fire to a barn in 1995, he soon entered
the Sandusky home as a foster child. He was adopted by Sandusky as an adult at
age 18.
Matt
Sandusky, now 33, is not named as one of the 10 victims in the grand jury
presentment outlining the charges against the coach. He insists he was not
abused by his foster father.
But
Debra Long says that the once-welcome Sandusky soon became a source of fear for
her son, as he would take the boy out of school when he was 15 years old,
unbeknownst to her.
"My
son was afraid of Jerry. If Jerry said don't talk, he didn't talk. I would sit
back and watch when Jerry would show up, how excited Matt was," she said.
"And then, as time went on, I would watch the same kid hide behind the
bedroom door and say, 'Mom, tell him I'm not home.'"
Long
believes that exposure to Sandusky was what made her once-quiet son lash out,
and eventually fall into the coach's hands.
"It
wasn't until Jerry came into the picture that Matt started acting out in
school. Matt ended up burning down a barn with another youth, you know -- it
wasn't until Jerry came into the picture … that mentor turned him from the
quiet, good kid into -- what Jerry could use to take him."
Four
months after moving into the Sandusky's home Matt attempted suicide, along with
another girl who was staying in the house, according to a report
in the Patriot-News . After the suicide attempt, Terry L. Trude, a
school-based probation officer, wrote a letter to a local judge asking that
Matt's care at the Sandusky home be reviewed.
"The
probation department has some serious concerns about the juvenile's safety and
his current progress in placement with the Sandusky family," Trude wrote.
The
adoption file for Matt Sandusky contains letters from Long to officials and a
Centre County judge expressing concern for her son, who she was allowed to
visit only one-half day per month while he was in Sandusky's care.
Matt
Sandusky – who is one of five boys adopted by Sandusky and his wife -- still
supports Jerry after he was arrested on charges of 40 counts of sexual assault
with 10 minor boys over 15 years. Matt even brought his children to visit
Sandusky after his Nov. 5 arrest.
But
the mother of Matt's kids immediately went to court to obtain an order
preventing Sandusky from being alone with her children. By court order Sandusky
is now not allowed unsupervised contact or overnight visits with his
grandchildren.
Alleged Victims Ready for Court In the aftermath of Jerry Sandusky's unexpected interview on "Rock
Center" with Bob Costas on Monday night, a number of witnesses are now
ready and willing to testify in court that they were sexually assaulted by the
coach.
A second boy has said that he is now
ready to testify in court, according to Harrisburg attorney Ben Andreozzi, who
is representing the boy. According to Andreozzi , the alleged victim called him
after Sandusky gave the controversial interview on Monday.
"He has decided to dig in his
heels. He's not going anywhere. He fully intends to testify," Andreozzi
said.
In a statement issued Wednesday,
Andreozzi said Sandusky "elected to re-victimize these young men at a time
when they should be healing," and said his client was
"disappointed" by Sandusky's comments.
"I think he would like Mr. Sandusky
to assume responsibility for the horrible acts he committed on him,"
Andreozzi said.
Another boy known to be planning to
testify is one known as "Victim 1" in the indictment; he is the boy
who first came forward to authorities to allege abuse at the hands of Sandusky.
The boy has already told his story to the grand jury and is anxious to tell it
again in open court, according to his mother.
"He wants him to go to jail, and he
wants him to pay for what he's done, and he doesn't want him on the streets
where he can hurt somebody else," the unnamed boy's mother told ABC News.
Meanwhile, The
Patriot-News reports that hearing Sandusky's interview
broadcast on national television Monday has triggered more of the coach's
alleged victims to come forward.
"They're literally processing it
right in front of us," attorney Andy Shubin told the Patriot-News.
"They have kept it from their families, moms, brothers and sisters ... The
folks we talked to are largely folks in their 20s, who in a lot of cases have
never told their story before."
Shubin has reportedly teamed up with
Andreozzi, and along with a team of psychologists and social workers they plan
to aid the alleged victims by providing seeking mental help and possible legal
recourse. ‘
How to Protect Ourselves from
Radiation : George Washington : 11/16/2011 - Self-Help: How to
Protect Ourselves Against Damage from Radiation
Penn State coach says he stopped shower assault... ‘…McQueary was
placed on administrative leave last week after Penn State officials said he had
received threats.According to the grand jury report, the graduate assistant
said he saw a boy, whose age he estimated at 10 years old, "being
subjected to anal intercourse" by a naked Sandusky in a shower at the Penn
State football building in March 2002. The graduate assistant left
"immediately," was "distraught" and called his father,
according to the presentment. His father told him to leave the building and
come to his home, according to the presentment.In the email obtained by The
Morning Call, dated Nov. 8, McQueary said "I did stop it, not physically,
but made sure it was stopped when I left that locker room.""No one
can imagine my thoughts or wants to be in my shoes for those 30-45
seconds," McQueary wrote. "Trust me."Asked about McQueary's
statement in the email that he had discussions with police, Penn State police
told The Morning Call they were deferring to the university public relations
office, which did not return a call Tuesday afternoon. Pennsylvania State
Police in Harrisburg , which is heading the investigation,
did not return a call.McQueary has not spoken publicly and declined to be interviewed
by The Morning Call…’
Ron Paul Only
Republican Candidate Not Calling for Iran Attack Kurt Nimmo | Said president must follow the
Constitution and go to Congress before any action against Iran. [ Actually, the
correct position is for all nations to require israel’s compliance with and
adherence to all applicable laws and treaties, as well as u.n. resolutions
concerning israel’s illegal nukes and war crimes as well as violations of the
aforementioned before addressing the rationally defensive posture of Iran in
light thereof. ]
Ron Paul Gets 89
Seconds To Speak In CBS Debate Paul Joseph Watson |
Leaked email to Bachmann campaign indicates decision to limit air time for
certain candidates was deliberate CBS News policy. [ It’s really quite amazing
that retreads, such as the already failed, scandal-ridden slimy newt gingrich
(much of america’s current failure had it’s genesis in policies initiated /
supported by gingrich; ie., protection from RICO liability for the frauds on
wall street, etc.) based on his mere adherence to that which is required of the
‘israeli amen corner’ on capital hill (as pointed out by the perspicacious Pat
Buchanan), despite bringing america down thereby, is the shibboleth by which
all candidates are being measured. Quite amazingly self-defeating, destructive,
and self-destructive for america particularly and the world generally. That’s
why cbs is cbs (for cb***s***). Given america’s intractable decline, it’s
really quite amazing. But, as we’ve seen, pervasively corrupt, defacto bankrupt
america is now fatally beyond shame. Nothing succeeds quite like failure in
america; where crime pays and pays well. ]
Why World War
III: Destroy The Global Economy, Create A Greater Israel Saman Mohammadi | [ This really
would be quite incredible if it wasn’t so credibly true. That these nations
have and would self-destructively sacrifice themselves for greater
‘zion/israel’, particularly in light of israel’s war crimes/crimes/illegal
nuclear proliferation/international law violations, complete disavowal of all
Christianity stands for, and anti-Arab/Muslim provocateur/nemesis is a
‘non-mystery mystery’ that will forever haunt the annals of a doomed future and
then history. ] There is a mistaken belief held by many people that the U.S.
government won’t attack Iran or allow Israel to attack. Law
professor says sympathy for American troops is not ‘rational’
Defense chief warns on Iran
strike consequences Reuters | Military action against Iran could have “unintended
consequences” in the region.
Putin defends bid for president ]
TRUTHFUL TRASH TALK (ABOUT ISRAELI TRASH) BEHIND ISRAELI
LEADER'S BACK Report: Sarkozy calls Netanyahu 'liar' Microphones
accidently left on after G20 meeting pick up private conversation between US,
French presidents. Sarkozy admits he 'can't stand' Israeli premier. Obama:
You're fed up with him? I have to deal with him every day! http://www.ynetnews.com/PicServer2/13062011/3550874/Untitled-1_wa.jpg
Arret
sur Images (Screenshot)
The
conversation then drifted to Netanyahu, at which time Sarkozy declared: "I
cannot stand him. He is a liar." According to the report, Obama replied:
"You're fed up with him, but I have to deal with him every day!" The
remark was naturally meant to be said in confidence, but the two leaders'
microphones were accidently left on, making the would-be private comment
embarrassingly public. The communication faux pas went unnoticed for several
minutes, during which the conversation between the two heads of state – which
quickly reverted to other matters – was all but open to members the press, who
were still in possession of headsets provided by the Elysée for the sake of
simultaneous translation during the G20 press conference."By the time the
(media) services at the Elysée realize it, it was on for at least three
minutes," one journalist told the website. Still, he said that reporters
"did not have a chance to take advantage of this fluke."The
surprising lack of coverage may be explained by a report alleging that
reporters present at the event were requested to sign an agreement to keep mum
on the subject of the embarrassing comments. A member of the media confirmed
Monday that "there were discussions between journalists and they agreed
not to publish the comments due to the sensitivity of the issue." He added
that while it was annoying to have to refrain from publishing the information,
the journalists are subject to precise rules of conduct.’
No smoking gun: IAEA Iranian
nuclear report falls flat on its face Patrick
Henningsen | The IAEA report has come up short, but the Axis powers
are still desperate to hit Iran
Fourth
accuser urges Herman Cain to ‘come clean’ about harassment - A
fourth woman has accused Republican presidential candidate Herman Cain of
sexual harassment--this time in public. Sharon Bialek told reporters in a press
conference Monday that Cain groped her and e...
Extreme Poverty
Is Now At Record Levels The Economic Collapse
| According to the U.S. Census Bureau, a higher percentage of Americans is
living in extreme poverty than they have ever measured before.
Good
and evil doesn’t have a grey zone. Killing and stealing is bad.
Violence is never “good” or necessary unless it is used to defend against
killers and thieves. Indeed, that is the morality behind the “just war”
principle as defined by international laws and treaties.
Yet,
this simple concept of right and wrong gets muddled by differing ideas about
religion, patriotism, economics and many other divisions. The “just war”
rule has crumbled under the ambitions of empires throughout history. The
American-led Anglo Saxon empire is no different.
This
empire has been brutally conquering and colonizing territory since the fall of
Rome. However, it has only gained an American face in the last century.
The United States quickly emerged as the world’s “superpower” primarily
through its economic might. For some time, many believed the U.S. to be a
shining example of economic freedom for other nations to emulate. Indeed,
America was eager to promote “economic freedom” globally to open new markets
for U.S.-based corporations.
When
foreign leaders refused to allow these corporate interests into their country,
those leaders were replaced through a variety of covert actions. The form
of government that would be installed did not matter to the empire makers so
long as the corporate interests were served. In most cases these nations
simply surrendered to the seemingly unlimited power of the almighty dollar,
thus camouflaging the traditional method of forceful empire building.
However,
some nations, especially in the last two decades, remained stubborn and have
refused to alter their banking systems while also shunning Western companies.
Despite the empire’s best efforts to diplomatically bribe or sanction
them into submission, they ultimately required an iron military fist to force
their compliance. Until recently, military action remained the last
resort. But now, preemptive military action seems to have become the
preferred, and perhaps necessary, method to conquer the last resource-rich
nations out of their grasp.
The
empire’s populations cheered this strategy out of fear of being attacked by
these rogue nations who never attacked or even threatened to attack them.
In the fog of fear, killing and stealing became acceptable. In
fact, detention without charges and even torture became acceptable in
the former capital of freedom. America has determined that the means justifies
the end — which is more power.
As with all empires, these “means” have become increasingly violent and
destructive in the face of resistance. Yet, only a few more dominoes are
left to knock over for America to complete a plan set in motion well before
they were one of the colonies. That is unless, of course, other world
powers break ranks and attempt to stop the conquerors, which could lead to a
large scale conflict.
Regardless, when the dust settles and
moral history is written, America and her Western cohorts will likely be viewed
as the most brutal empire in history. Here are ten reasons why this is
already the case:
http://4.bp.blogspot.com/-ziW0uRVXDeM/Trdbyofg0wI/AAAAAAAAMO4/aHNh5p76jQE/s200/rumsfeld+saddam.jpg
Support of Dictators: For all the
happy talk of spreading Democracy and protecting human rights, the empire has
repeatedly not only supported dictators, but in many cases overthrew popularly
elected leaders and replaced them with puppet tyrants. Examples range
from secretly funding the Nazis , to installing the Shah in Iran , Pinochet in
Chile, supporting Musharraf in Pakistan, and their everlasting love affair with
the brutal Saudi royal family, to name a few. Actions speak louder than
words to those who can navigate the storm of propaganda with a moral compass
set to recognize good from evil. Dictators and freedom cannot coexist.
Preemptive Wars of Aggression: It could be
said that all wars are preemptive in nature because so many entities benefit
from war. Yet, even before America’s latest crusades, they covertly and
surgically attacked countries that never threatened them. This allowed
them to maintain the moral high road in the public’s eye while constructing the
foundation of their empire. That was until the Bush Doctrine ; the use of preemptive military
action to confront possible threats was unofficially adopted to be the new
foreign policy for combating terror. Since then, America has become the
violent aggressors, having officially invaded two countries — Afghanistan and
Iraq — without legitimate provocation. Violent aggressors have
always been judged by history as evil. But it gets worse….
http://2.bp.blogspot.com/-DFk3UwXUOkQ/TrdS5oSk70I/AAAAAAAAMOA/mQqATzs4Zrs/s1600/dees+waterboarding+bush.jpg
#3. Torture: Torture has
never been acceptable by those promoting a high moral standing in the global
community. Nazis and Japanese soldiers were
convicted and executed for engaging in the exact same torture
techniques that America has redefined as ‘enhanced interrogation’.
“I was just following orders,” was not a justifiable excuse for such inhumane
behavior, much like it wasn’t a good enough defense for the low-ranking patsies
who took the heat for the sinister Abu Ghraib torture scandal even though
their actions were approved at the highest levels . Can
state-sanctioned torture of prisoners held without charges ever be viewed as
anything less than brutal?
http://1.bp.blogspot.com/-KxpFlJBhceI/TrdWSTR6itI/AAAAAAAAMOQ/OEHWeOqQW0g/s200/dees+activists.jpg
#4. Suppression of
Dissent: All tyrannical regimes throughout history have
suppressed homeland dissent. As government oppression grows bolder at
home and abroad, more citizens will naturally express outrage, resulting in
even more oppressive controls. This is happening in the United States
through the all-seeing eye of the Department of Homeland Security with warrantless spying , arbitrary
watch lists, citizen spy campaigns , and TSA
molestation to travel anywhere. Additionally, in an attempt to squash
free speech, they arbitrarily seize websites and violently confront peaceful
protesters. Unfortunately, as awareness of the topics in this very
article expands, the U.S. will likely become even bolder in their pursuit of
stifling dissent. In other words, the worst is yet to come, and history
will judge the U.S. as not quite the beacon of freedom they have pretended to
be.
#5. Elimination of
Habeas Corpus: Say goodbye to the notion of being innocent until proven
guilty, the right to face charges and your accuser, and the right to a free and
fair trial. Habeas corpus , considered
the only humane path to “which a prisoner can be released from unlawful
detention,” has been eliminated for those vaguely labeled ‘enemy combatants’ of
the empire. As Guantanamo prisoners rot under such pretenses, prominent
lawmakers in the empire propose the exact same lack of rights for American
citizens if they’re labeled an ‘ enemy belligerent ‘.
Similar to the Spanish Inquisition , now you’re
guilty until you’re tortured to admit your guilt. Can it get more evil?
Why yes, it can. Read on.
http://2.bp.blogspot.com/-wGDDFfHAX50/TrdaUPj530I/AAAAAAAAMOw/B5_u34lL3gY/s200/FredaLibertyUpended.jpg
#6. Assassinating
Citizens: That’s right. No judge, no jury, no conviction;
just straight to execution. America has set another precedent in their
tyrannical march toward empire when they openly assassinated an American
citizen and government patsy, Anwar
al-Awlaki , and his teenage son on the suspicion of terrorism.
Paul Craig Roberts laments “Now the US
government not only can seize a US citizen and confine him in prison for the
rest of his life without ever presenting evidence and obtaining a conviction,
but also can have him shot down in the street or blown up by a drone.”
Isn’t this the reason America claims to be knocking off dictators around
the world — the deliberate killing of their own citizens?
But Awlaki was a bad apple because the
intelligence community said so. What’s most telling that America will continue
this wickedness is that almost every US lawmaker turned a blind eye to the
grotesque violation of Constitutional rights. Only Ron Paul said that
assassinating an American citizen without charges is nothing less than an
“impeachable offense”. Too bad most of the country cheered the Awlaki
killing as a “victory” in the war on terror, indicating that it is now an
acceptable tactic. Americans beware: you may be moved from a secret watch
list to a secret kill list in this brutal empire.
http://1.bp.blogspot.com/-YQecA6AdJLQ/Trdc3ax5PnI/AAAAAAAAMPA/svo3xXohd7s/s200/dees+libya.jpg
#7. Unauthorized
Drone Wars: Unprovoked wars without authorization, accountability,
or independent oversight only seem to be escalating; and with little
resistance. The US Congress no longer votes to “declare war”. They
simply give the Commander in Chief broad “authorization” to use force against
specific nations. However, even that is not broad enough in the rapid pursuit
of empire. Now, joystick warriors directed by the CIA and Pentagon have
targeted at least three countries with “unauthorized” military strikes; Pakistan , Yemen, and
Somalia. Even worse, they waged a full-scale war for regime change
and resource plundering in Libya without any authority inside the United
States. Under the NATO flag, which is 75% funded by the U.S. , they flew
over 9200 strike sorties in Libya to illegally
topple Gaddafi. Drunk with success, the bloodthirsty empire marches on to
their next preemptive targets, Syria and Iran. Quick morality check:
unprovoked killing and stealing as a first resort is still wrong, right?
#8. Use of Weapons
of Mass Destruction: How ironic that the world’s policeman for weapons of
mass destruction is the only one to use them on a mass scale. The United
States is on record using chemical, biological and even nuclear weapons.
From the atomic bombs dropped on Hiroshima and Nagasaki in WWII, to
Monsanto’s Agent Orange in Vietnam, to
the depleted uranium used in
Afghanistan and Iraq , America only condemns itself when
speaking about the evils of WMDs. However, killers don’t appear to care how the
killing is accomplished, so long as it achieves their goals. The real
firecrackers will likely be brought out in a confrontation with Iran, or if
China and Russia are lured into the conflict. It won’t really matter much
what history says if the use of WMD escalates by either side, but the
aggressors should rightly be blamed for the ensuing scorched earth, while the
defenders against killers and thieves should be viewed as righteous.
#9. World’s Largest
Drug Dealer: The American empire is the largest drug dealer in the
world? Say it isn’t so. Well, in addition to forcing legal drugs
and genetically modified organisms on nations,
usually under the cover of foreign aid, America also leads in the illegal drug
trade. In fact, many researchers reveal that the war on drugs is only
utilized to control and monopolize the illicit drug trade. The US
government has been caught multiple times shipping in cocaine , colluding with certain cartels to control the
industry, and now openly protects and transports opium
from Afghanistan . In fact, Global Research points out that in 2001,
“according to UN figures, opium production had fallen to 185 tons. Immediately
following the October 2001 US led invasion, production increased dramatically,
regaining its historical levels.” This month, the U.N. announced that
Afghanistan now provides 93% of the world’s opium production; up
61% compared to 2010 to a whopping 5800 tonnes. Although the empire
tries to keep it secret, they can’t hide the hypocrisy forever.
http://3.bp.blogspot.com/-uY_ZP5f24y8/TrdZ3Bs9HhI/AAAAAAAAMOo/FgB0_Ri48LU/s1600/pyramid.jpg
#10. World Reserve
Currency Prison: Although using Weapons of Mass Debt is a
non-violent form of expanding the empire, it’s perhaps the most brutal and
effective form of control. Requiring foreign nations to purchase oil and
other imported commodities with US dollars wields immense power. Because
all nations must acquire dollars to purchase critical resources, they quickly
become indebted to the US Federal Reserve, their affiliate central banks, and
the IMF. Before long, the entire world is colonized by debt. It
seems that only the nations that don’t need or refuse credit from Western
banking institutions are the ones in danger of facing the wrath of the imperial
war machine. Incidentally, most oil-rich nations in the Middle East have
outlawed usury (lending money with interest), making them impossible
to conquer diplomatically through
debt . Controlling the world reserve currency means
controlling the tap of life itself, which is a dangerous weapon in the hands of
an aggressive empire. Debt is the ultimate WMD the empire uses to enslave
the world, which leaves dissidents with two clear choices: slavery or death.
Although this empire is infinitely more
powerful than Rome was, it will suffer the same fate. For every negative
action the empire commits, there’s an equal and opposite good reaction. And the
goodness of humanity will always defeat tyranny when it goes too far.
However, an empire with so much to lose will go down swinging and
slinging every weapon in its arsenal, thus putting the final stamp on their
status as most brutal empire in history.’
Extreme Poverty
Is Now At Record Levels – 19 Statistics About The Poor That Will Absolutely
Astound You According to the
U.S. Census Bureau, a higher percentage of Americans is living in extreme
poverty than they have ever measured before.
The Economic Collapse November 5,
2011
According
to the U.S. Census Bureau, a higher percentage of Americans is living in
extreme poverty than they have ever measured before. In 2010, we were
told that the economy was recovering, but the truth is that the number of the
“very poor” soared to heights never seen previously. Back in 1993 and
back in 2009, the rate of extreme poverty was just over 6 percent, and that
represented the worst numbers on record. But in 2010, the rate of extreme
poverty hit a whopping 6.7 percent. That means that one out of every 15
Americans is now considered to be “very poor”. For many people, this is
all very confusing because their guts are telling them that things are getting
worse and yet the mainstream media keeps telling them that everything is just
fine. Hopefully this article will help people realize that the plight of
the poorest of the poor continues to deteriorate all across the United
States. In addition, hopefully this article will inspire many of you to
lend a hand to those that are truly in need.
Tonight,
there are more than 20 million Americans that are living in extreme
poverty. This number increases a little bit more every single day.
The following statistics that were mentioned in an article in The Daily Mail should be very sobering for all
of us….
About 20.5 million Americans, or
6.7 percent of the U.S. population, make up the poorest poor, defined as those
at 50 per cent or less of the official poverty level.
Those living in deep poverty
represent nearly half of the 46.2 million people scraping by below the poverty
line. In 2010, the poorest poor meant an income of $5,570 or less for an
individual and $11,157 for a family of four.
That 6.7 percent share is the
highest in the 35 years that the Census Bureau has maintained such records,
surpassing previous highs in 2009 and 1993 of just over 6 percent.
Sadly, the wealthy and the poor are
being increasingly segregated all over the nation. In some areas of the
U.S. you would never even know that the economy was having trouble, and other
areas resemble third world hellholes . In most
U.S. cities today, there are the “good neighborhoods” and there are the “bad
neighborhoods”.
According to a recent Bloomberg article , the “very poor” are increasingly
being pushed into these “bad neighborhoods”….
At least 2.2 million more
Americans, a 33 percent jump since 2000, live in neighborhoods where the
poverty rate is 40 percent or higher, according to a study released today by
the Washington-based Brookings Institution.
Of course they don’t have much of a
choice. They can’t afford to live where most of the rest of us do.
Today, there are many Americans
that openly look down on the poor , but that
should never be the case. We should love the poor and want to see them
lifted up to a better place. The truth is that with a few bad breaks any
of us could end up in the ranks of the poor. Compassion is a virtue that
all of us should seek to develop.
Not
only that, but the less poor people and the less unemployed people we have, the
better it is for our economy. When as many people as possible in a nation
are working and doing something economically productive, that maximizes the
level of true wealth that a nation is creating.
But
today we are losing out on a massive amount of wealth. We have tens of
millions of people that are sitting at home on their couches. Instead of
creating something of economic value, the rest of us have to support them
financially. That is not what any of us should want.
It is
absolutely imperative that we get as many Americans back to work as
possible. The more people that are doing something economically
productive, the more wealth there will be for all of us.
That
is why it is so alarming that the ranks of the “very poor” are increasing so
dramatically. When the number of poor people goes up, the entire society
suffers.
So
just how bad are things right now?
The
following are 19 statistics about the poor that will absolutely astound you….
#1 According to the U.S. Census Bureau, the percentage of
“very poor” rose in 300 out of the 360 largest metropolitan areas during 2010.
#2 Last year, 2.6 million more Americans descended into poverty . That was the largest increase that we have seen since the U.S.
government began keeping statistics on this back in 1959.
#3 It isn’t just the ranks of the “very poor” that are
rising. The number of those just considered to be “poor” is rapidly
increasing as well. Back in the year 2000, 11.3% of all Americans were living in poverty.
Today, 15.1% of all Americans are living in poverty.
#4 The poverty rate for children living in the United
States increased to 22% in 2010.
#5 There are 314 counties in the United States where at least 30% of the children are facing
food insecurity.
#6 In Washington D.C., the “child food insecurity rate”
is 32.3% .
#7 More than 20 million U.S. children rely on school meal
programs to keep from going hungry.
#8 One out of every six elderly
Americans now lives below the federal poverty line.
#9 Today, there are over 45 million Americans on food stamps.
#10 According to the Wall Street Journal, nearly 15 percent of all Americans are now on food
stamps.
#11 In 2010, 42 percent of all single mothers in the United
States were on food stamps.
#12 The number of Americans on food stamps has increased 74% since 2007.
#13 We are told that the economy is recovering, but the
number of Americans on food stamps has grown by another 8 percent over the past year.
#14 Right now, one out of every four American children is on food stamps.
#15 It is being projected that approximately 50 percent of all U.S.
children will be on food stamps at some point in their lives before they reach
the age of 18.
#16 More than 50 million Americans are now on Medicaid.
Back in 1965, only one out of every 50 Americans was on Medicaid.
Today, approximately one out of every 6 Americans is
on Medicaid.
#17 One out of every six Americans is now enrolled in at least one government anti-poverty program.
#18 The number of Americans that are going to food pantries
and soup kitchens has increased by 46% since 2006.
#19 It is estimated that up to half a million children may currently be
homeless in the United States.
Sadly,
we don’t hear much about this on the nightly news, do we?
This
is because the mainstream media is very tightly controlled.
I came
across a beautiful illustration of this recently. If you do not believe
that the news in America is scripted, just watch this video starting at the 1:15 mark. Conan
O’Brien does a beautiful job of demonstrating how news anchors all over the
United States are often repeating the exact same words.
So
don’t rely on the mainstream media to tell you everything.
In
this day and age, it is absolutely imperative that we all think for ourselves.
It is
also absolutely imperative that we have compassion on our brothers and sisters.
Winter
is coming up, and if you see someone that does not have a coat, don’t be afraid
to offer to give them one.
All
over the United States (and all around the world), there are orphans that are
desperately hurting. As you celebrate the good things that you have
during this time of the year, don’t forget to remember them.
We
should not expect that “the government” will take care of everyone that is
hurting.
The
reality is that millions of people fall through the “safety net”.
Being
generous and being compassionate are qualities that all of us should have.
Yes,
times are going to get harder and an economic collapse is coming.
That
just means that we should be more generous and more compassionate than we have
ever been before.’
Lindsay Lohan gets 30-day jail
sentence
http://www.cbsnews.com/8301-207_162-20129112/lindsay-lohan-gets-30-day-jail-sentence [ Boy oh boy … Talk about ‘going after the low hanging fruit’ … If only
they were as diligent in going after the serious, real including very violent,
criminals plaguing america generally and california particularly. After all,
they are letting serious criminal felons out of jail. I do not think anyone
could possibly say that Lohan is a serious threat to anyone. I’m glad that she
got the ‘Playboy gig’ (I’ve always found Playboy to be a tasteful exposé of
artistically beautiful vistas). Though glad to see this unreasonably and
unrelentingly tortured (to the point tantamount to overreaching persecution /
prosecution), talented girl get work in film, I must honestly say I’m less than
enthusiastic that it’s for some new york (fiore/gotti), new jersey (mental case
scientologist – scientology is total b***s***- john ‘tony manero’ travolta)
guineas who likely will be inclined to glorify that which couldn’t possibly be
glorified (Francis Ford Coppola openly expressed his own misgivings concerning
same, initially refusing his ‘big break’ debut) and as well his antipathy for
the mob; but, I also must say his films gave rise to the career of the great
actor, Al Pacino –his lesser known underrated roles in ‘Panic in Needle Park’,
‘Scarecrow’, and especially the terrific film relatively few people saw,
‘Simone’, etc., along with Shakespearian theater, which ultimately justified
the exception by creating ‘some good from bad’. I’d be lying if I said, ie.,
Godfather 1,2,3 were anything but masterfully done). I personally unequivocally
hate the mob! http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf It’s also true that I hate ‘mobs’ of any kind, any
ethnicity, government mobs/slugs
included . Previous:
Roman Polanski freed after
Swiss reject U.S. extradition request (Washington Post, July 13, 2010) Without diminishing in any way the
seriousness of the crime, this result is the direct consequence of the growing
global recognition of the pervasiveness of corruption in american courts, state
and federal, and america generally; so much so, that said corrupt american
courts cannot be relied on anywhere, anytime. Indeed, my own sampling, though
hardly random to be candid, is 5 for 5 (new jersey, new york, connecticut,
virginia, california) pervasively and egregiously corrupt to the point where
these costly, corrupt bureaucracies should be abolished and supplanted with
alternatives as I’ve previously set forth in prior comments. / Though Assange’s arrest was on far more tenuous grounds owing to a
CIA-linked girl, Roman Polanski was similarly targeted: BBC News - Roman Polanski triumphs at European Film
Awards Dec 5, 2010 ... Roman Polanski's thriller The Ghost Writer wins six prizes at the European
... Polanski was working on the
film at the time of his arrest in ... www.bbc.co.uk/news/entertainment-arts-11921048 {I strongly recommend this, of course,
masterfully done film which deals with exactly that topic and the sordid,
unscrupulous machinations of the cia / u.s. (no wonder the u.s. opted out of
coverage by world treaty / The Hague thereby) to avoid detection of, and to
further such activities as the war crimes referenced.}Police: Judge won't be charged over video beating McALLEN, Texas (AP) - A Texas family law judge whose daughter secretly
videotaped him savagely beating her seven years ago won't face criminal charges
because too much time has elapsed, police said Thursday. BUDGET CRISIS PUTS LOS ANGELES
COURT SYSTEM AT RISK ... Judge sends
Lohan to jail for probation violation (AP) ] ABOLISH THE CORRUPT, ECONOMICALLY WASTEFUL SO-CALLED
SYSTEM, FROM MY DIRECT OBSERVATION AND EXPERIENCE . HOWEVER, THIS LATEST "CALIFORNIA/LA
DISTRACTION" REQUIRES ELUCIDATION AS FOLLOWS: Blagojevich
calls feds 'cowards and liars'…[Yes. This is a rare moment for one to say that
a sleazy hypocrite like blago, who is on corrupt federale-connected mobster trump’s
celebrity apprentice, happens to be correct based upon facts / reality and my
own direct observation and experience and the law – Don’t forget to include
corrupt federal judges as maryanne trump barry, sam alito, shiff, matz, hall,
underhill, dorsey, etc.. Defacto bankrupt america’s so-called system is
pervasively corrupt and broken] (AP) [Abolish the
corrupt, costly, economically wasteful lifetime extravagantly appointed federal
courts - see RICO case [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]
Sheriff: Fast
and Furious Bigger Scandal Than Watergate http://www.prisonplanet.com/sheriff-fast-and-furious-bigger-scandal-than-watergate.html Paul Joseph Watson | Over two dozen
Republicans call for Holder to resign. Though heavily redacted, the documents directly discuss “Operation
Fast and Furious” and how it involves “trafficking firearms to Mexico”.
Tuesday, November 1, 2011
Pinal
County Sheriff Paul Babeu joined over two dozen Republican lawmakers in calling
on Attorney General Eric Holder’s to resign over Operation Fast and Furious, the
gunrunning program that saw the ATF deliver some 2,000 guns directly into the
hands of Mexican drug gangs, labeling the scandal worse than the Watergate
cover-up that brought down the Nixon White House.
Noting
that two of the guns involved in the program were found at the scene where U.S.
Border Patrol agent Brian Terry was shot to death, Babeu warned that if Holder
attempted to stay in power, he could bring down the entire Obama
administration.
“I
thought it was a telling sign when President Obama embraced him and gave him
the Al Capone hug and the Scarface whisper in the ear that I support you. He
did this publicly. I thought, `Wow, this is his last hours here, that he’s on
his way out,” Babeu told KTAR News .
Holder
is set to testify once more on the subject in front of a Democratic-led Senate
committee on November 8.
By no
means for the first time, if Eric Holder repeats his dubious contention that
Fast and Furious only came to his attention when it became public knowledge, he
will be knowingly committing perjury.
The
head of the Justice Department’s criminal division, Lanny A. Breuer, Holder’s
subordinate who first learned of Fast and
Furious in April 2010 , sent Holder briefings concerning Fast
and Furious in July 2010, almost a year before Holder told a Judiciary
Committee hearing, “I’m not sure of the exact date, but I probably heard about
Fast and Furious for the first time over the last few weeks.”
Holder
also received the same briefing from the head of the National Drug Intelligence
Center, internal DOJ documents
obtained by CBS News show.
“Internal
Justice Department documents show that at least ten months before that hearing,
Holder began receiving frequent memos discussing Fast and Furious,” states the
report.
The
CBS News journalist behind the scoop, Sharyl Attkisson, was subjected to verbal abuse
by the White House merely for asking questions about the controversy, and
was warned not to pursue the story.
In
addition, Holder himself gave testimony
to Congress in May 2009 in which he spoke of efforts on behalf
of the DOJ and the DHS to track weapons going from the U.S. into Mexico under
Project Gunrunner, which was the umbrella program for subsequent operations
like Fast and Furious.
It now
appears as though Breuer is attempting to throw himself under the bus in an
attempt to take the heat off his boss and be the fall guy for Fast and Furious.
Over two dozen Republican
lawmakers have called for Holder to resign over his
stonewalling on Fast and Furious, which is the subject of a congressional
probe.
As we highlighted last week , Holder is not
alone in his willingness to risk charges of perjury by lying in front of
elected representatives.
Despite
telling a House Judiciary Committee that she only learned of operation Fast and
Furious in December last year when the controversy went public, Homeland
Security chief Janet Napolitano actually helped launch the previous incarnation
of the program, Project Gunrunner, at a White House press conference in March
2009.
“Napolitano,
at one point likening the questioning to a cross-examination, said repeatedly
she only learned of “Fast and Furious” after Border Patrol Agent Brian Terry
was killed in December,” reported Fox News . “She
emphasized the operation, conceived and run by the Bureau of Alcohol, Tobacco,
Firearms and Explosives, “was an ATF operation,” under the auspices of the
Justice Department, not her department.”
However,
as the video below illustrates, not only was Napolitano aware of the ATF
program to put guns into the hands of Mexican drug lords, she actually helped
launch the previous incarnation of it, Project Gunrunner, at a White House
press conference alongside Deputy Attorney General David Ogden in March 2009.’
http://www.youtube.com/watch?feature=player_embedded&v=-F_1Sya42yA
U.S. Boots on the Ground in
Libya, Pentagon Confirms Fox News | Despite
assurances otherwise, four U.S. service members arrived on the ground in
Tripoli.
Bloomberg: Riots
On Streets NY Daily News | Mayor Bloomberg warned Friday
there would be riots in the streets if Washington doesn’t get serious...’
Moody’s
Downgrades Bankster Trifecta Kurt Nimmo | Bank of America, Wells Fargo and Citigroup slammed by ratings agency.
Gorbachev Calls
For American Perestroika Paul Joseph Watson | Former Soviet leader says protest movement highlights need for
perestroika in pervasively corrupt, defacto bankrupt America. [ Yes! There is
no question that america is the global psychopathic ‘problem child’.
2012: Ron Paul
is the Only Option Kurt Nimmo | Ron Paul must be on the ballot if we are going stop the wars and return
fiscal sanity to the nation.
Afghanistan
to back Pakistan if wars with U.S.: Karzai
- ISLAMABAD (Reuters) - Afghanistan would support Pakistan in case of
military conflict between Pakistan and the United States, Afghan President
Hamid Karzai said in an interview to a private Pakistani ..
GAO Report: Federal Reserve Is
Riddled With Corruption And Conflicts Of Interest Daily Bail | New audit of
the Federal Reserve details huge conflicts of interest involving directors of
regional Fed banks
FBI Announces Gangs Have
Infiltrated Every Branch Of Military Business
Insider | Report says military has seen members from 53 gangs
and 100 regions in U.S. enlist in every branch of armed forces.
Iraq war will cost
more than World War II The Christina Science
Monitor | Iraq war, now winding down with US troop exit by December, has cost
more than $800 billion so far.
The Military Industrial
Complex at 50: Activism Ray McGovern | Ray McGovern
on Activism and the Military Industrial Complex.
BOOK WARNS OF END... Fri Oct 14 2011 07:00:25 ET **Exclusive** "As the faith that gave birth to
the West is dying in the West, peoples of European descent from the steppes of
Russia to the coast of California have begun to die out, as the Third World
treks north to claim the estate. The last decade provided corroborating if not
conclusive proof that we are in the Indian Summer of our civilization." So begins Pat Buchanan in his hardcore
work, SUICIDE OF A SUPERPOWER. "Will America Survive to
2025?" Buchanan, set for maximum controversy,
launches all rockets at introduction "Disintegrating Nation" -- and
does not let up for 400-plus pages. "America is disintegrating. The
centrifugal forces pulling us apart are growing inexorably. What unites us is
dissolving. And this is true of Western Civilization....Meanwhile, the state is
failing in its most fundamental duties. It is no longer able to defend our
borders, balance our budgets, or win our wars." The books reads as if its been written
to be left behind in the ruins, only to be found by a future civilization. SUICIDE ranked #2,668 on AMAZON's hit
parade early Friday. Now only the DRUDGE REPORT can offer a
look inside. Chapter 1: The Passing of a Superpower
“We have accepted today the existence
in perpetuity of a permanent underclass of scores of millions who cannot cope
and must be carried by society -- fed, clothed, housed, tutored, medicated at
taxpayer’s expense their entire lives. We have a dependent nation the size of
Spain in our independent America. We have a new division in our country, those
who pay a double or triple fare, and those who ride forever free.” Chapter 2. The End of Christian
America If [Christopher] Dawson is correct,
the drive to de-Christianize America, to purge Christianity from the public
square, public schools and public life, will prove culturally and socially
suicidal for the nation. “The last consequence of a dying
Christianity is a dying people. Not one post-Christian nation has a birth rate
sufficient to keep it alive....The death of European Christianity means the
disappearance of the European tribe, a prospect visible in the demographic
statistics of every Western nation.” Chapter 3. The Crisis of Catholicism “Half a century on, the disaster is
manifest. The robust and confident Church of 1958 no longer exists. Catholic
colleges and universities remain Catholic in name only. Parochial schools and
high schools are closing as rapidly as they opened in the 1950s. The numbers of
nuns, priests and seminarians have fallen dramatically. Mass attendance is a
third of what it was. From the former Speaker of the House to the Vice President,
Catholic politicians openly support abortion on demand.” “How can Notre Dame credibly teach
that all innocent life is sacred, and then honor a president committed to
ensuring that a woman’s right to end the life of her innocent child remains
sacrosanct?” Chapter 4. The End of White America “[W]hite America is an endangered
species. By 2020, whites over 65 will out-number those 17 and under. Deaths
will exceed births. The white population will begin to shrink and, should
present birth rates persist, slowly disappear.” “Mexico is moving north. Ethnically,
linguistically and culturally, the verdict of 1848 is being over-turned. Will
this Mexican nation within a nation advance the goals of the Constitution -- to
“insure domestic tranquility” and ‘make us a more perfect union’? Or have we
imperiled our union?” (Page 134) Chapter 5. Demographic Winter “Peoples of European descent are not
only in a relative but a real decline. They are aging, dying, disappearing.
This is the existential crisis of the West.” (Page 166) “Not any Iranian weapon of mass
destruction but demography is the existential crisis Israel faces....By
mid-century...Palestinians west of the Jordan river will out-number Jews 2-1.
Add Palestinians in Jordan, it is 3-1.” “In a startling development of
history, Russia’s population has fallen from 148 million in 1991 to 140 million
today and is projected to plunge to 116 million by 2050, a loss of 32 million
Russians in six decades.” Chapter 6. Equality Vs. Freedom “Those who would change society begin
by changing the meaning of words. At Howard University, LBJ changed the meaning
of equality from the attainable -- an end to segregation and a legislated
equality of rights for African-Americans -- to the impossible: a socialist utopia.”
“Where equality is enthroned, freedom
is extinguished. The rise of the egalitarian society means the death of the
free society.” “A time for truth. As most kids do not
have the athletic ability to play high school sports, or the musical ability to
play in the band, or the verbal ability to excel in debate, not every child has
the academic ability to do high school work. No two children are created equal,
not even identical twins. The family is the incubator of inequality and God its
author.” Chapter 7. The Diversity Cult “The non-Europeanization of America is
heartening news of an almost transcendental quality,” Wattenberg trilled.4 Yet,
one wonders: What kind of man looks with transcendental joy to a day when the
people among whom he was raised have become a minority in a nation where the
majority rules?” “Historians will look back in stupor
at 20th and 21st century Americans who believed the magnificent republic they
inherited would be enriched by bringing in scores of millions from the failed states
of the Third World.” Chapter 8: The Triumph Of Tribalism America’s war of revenge against Japan
was a race war. Newsreels, movies, magazines, comic books, headlines treated
“Japs” as a repulsive race whose extermination would benefit mankind....Only
well after the war was over was it re-branded a war to bring the blessings of
democracy to...Japan. We may deny the existence of
ethnonationalism, detest it, condemn it. But this creator and destroyer of
empires and nations is a force infinitely more powerful than globalism, for it
engages the heart. Men will die for it. Religion, race, culture and tribe are
the four horsemen of the coming apocalypse. Chapter 9. ‘The White Party’ “Through its support of mass
immigration, its paralysis in power to prevent 12-20 million illegal aliens
from entering and staying, its failure to address the “anchor-baby” issue, the
Republican Party has birthed a new electorate that will send it the way of the
Whigs.” Chapter 10: The Long Retreat “We borrow from Europe to defend
Europe. We borrow from the Gulf states to defend the Gulf states. We borrow
from Japan to defend Japan. Is it not a symptom of senility to be borrowing
from the world so we can defend the world?” “Are vital U.S. interests more
imperiled by what happens in Iraq where were have 50,000 troops, or Afghanistan
where we have 100,000, or South Korea where we have 28,000 -- or by what is
happening on our border with Mexico?...What does it profit America if we save
Anbar and lose Arizona?” Chapter 11: The Last Chance “We are trying to create a nation that
has never before existed, of all the races, tribes, cultures and creeds of
Earth, where all are equal. In this utopian drive for the perfect society of
our dreams we are killing the real country we inherited..’
SHRINK: Obama suffers from 'father hunger'... The abandonment by his father when he was an infant and by his stepfather
at age 10 has left President Obama with a "father hunger" that
influences everything from why he distances himself from pushy supporters, to
his strong desire to compromise and bring people together, to his aggressive
campaign to kill Osama bin Laden, says a psychoanalytic book out next week. In Obama on the Couch, George Washington University
professor Justin Frank also reveals that Obama has spent much of his life
seeking out father figures, but most, like Rev. Jeremiah Wright and Vice
President Biden, have disappointed him. "Obama searched for a father, for
someone to relate to who could help him—a strong man who knew what to do,"
Frank writes.
[Check out photos of Obama
behind the scenes.]
This
is Frank's second psychoanalytical book about a president. While a sympathetic
look at Obama, it follows Bush on the Couch, a sharply
critical analysis that suggested then President George W. Bush was disturbed.
In that book, he predicted that someone like Obama—"completely
different," "someone not ... white"—would succeed Bush. What the
nation ended up with, however, is "an almost tragic figure," Frank
writes.
The
general theme is that Obama has been affected both by being biracial and by the
abandonment of his two dads during his childhood. The result is that he is
overly protective of his own nuclear family, desires greatly to see national
unity, and yet harbors anger that he took out on bin Laden. [ Vote now: Will Obama be a
one-term president ?]
Take
for example Obama's earlier willingness to compromise with Republicans,
upsetting his liberal base. Here Frank cites the negative influence of his parents,
especially his mom, who often pressed him to do better in school. "He
hates being pushed by supporters who want him to make good on his promises of
universal healthcare and care for the poor, something that represents his
mother and how she pushed him to study harder," Frank writes. And when he
ignores his base, he is emulating his father, expressing annoyance but not
worried they will desert him.
As for bin Laden, Frank writes that Obama's inner anger
emerged: "He was able to pursue his action against bin Laden in part
because bin Laden offered a displacement figure for Obama's rage toward his own
parents." [ I believe this is
factually incorrect and was mere political desperation by wobama et als; see
infra, “Bin Laden” Heroes Probably
Murderered to Keep Them Quiet ... Gordon Duff Veterans Today FLASHBACK:
Eyewitness to OBL Raid Saw Helicopter Explode (TRANSCRIPT) [ As indicated on this albertpeia.com website, I didn’t
buy the administration’s desperate and politically opportunist Osama event and
still don’t buy it; and further, I believe this! ] Veterans Today | TRANSCRIPT of critical interview with Pakistani eyewitness to Bin Laden
raid. Is this the key to SEAL Team 6′s demise? [ See a slide show of 10 issues
driving Obama's re-election campaign .] Frank
also calls Obama scared of the type of radical change he advocated in 2008.
"He wants to be the father who makes change safe, the person he has waited
for his entire life."
Check out: our editorial cartoons on President Obama .
See: a slide show of 10 reasons Obama should be re-elected .
Browse: photos of 2012 GOP hopefuls on the campaign trail …’
BUCHANAN: Is the New World Order unraveling? October 13, 2011 ‘With Greece on
the precipice of default and Portugal and Italy approaching the ledge, the
European monetary union appears in peril.
Should
it collapse, the European Union itself could be in danger, for economic
nationalism is rising in Europe. Which raises a larger question.
Is the
New World Order, the great 20th century project of Western transnational
elites, unraveling?
The
NWO dates back as far as Woodrow Wilson's League of Nations, which a Republican
Senate refused to enter. FDR, seeking to succeed where his mentor had failed,
oversaw the creation of a United Nations, an International Monetary Fund and a
World Bank.
In
1951 came the European Coal and Steel Community, love child of Jean Monnet,
which evolved into the European Economic Community, the European Community and
the European Union. A European Central Bank and a new currency, the euro,
followed.
The
hidden ultimate goal of economic union was political union – a United States of
Europe as model and core of the 21st-century world government.
Pat Buchanan's latest book -- the title says it all:
"Suicide of a Superpower: Will America Survive to 2025?"
With
the disintegration of the Soviet Union, the EU expanded to the east. And the
New World Order, formally proclaimed by George H.W. Bush in 1991, was out in
the open and seemingly the wave of the future.
Progress
was swift.
A
North American Free Trade Agreement, bringing the United States, Mexico and
Canada into a common market that George W. Bush predicted would encompass the
hemisphere from Patagonia to Prudhoe Bay, was signed in 1993.
A
World Trade Organization was born in 1994. U.S. sovereignty was surrendered to
a global body where America had the same single vote as Azerbaijan.
The
Kyoto Protocol, brought home by Vice President Al Gore, set up a regime to
control the worldwide emission of greenhouse gases.
An
International Criminal Court, a permanent Nuremberg Tribunal to prosecute war
crimes and crimes against humanity, was created.
A
doctrine of limited sovereignty had been asserted. Elites claimed a higher law
than national sovereignty; "a responsibility to protect" enabled them
to intervene in countries where human rights violations were egregious.
Serbia,
bombed by Bill Clinton for 78 days for fighting to hold its ancient province of
Kosovo, was the first victim.
Suddenly,
however, the progression has stalled. Indeed, the New World Order seems to be
unraveling.
Emerging
powers like China, India and Brazil are demanding they be exempt from
restrictions developed countries seek to impose. The follow-up summits to Kyoto
– Copenhagen in 2009, Cancun in 2010 – ended in failure. The Doha round of
world trade negotiations ended in failure.
China
refuses to let her currency float lest she lose the trade surpluses that have
enabled her to amass $3 trillion in cash reserves.
Protectionism
is rising. Americans chafe at a new world economic order that has led to
deindustrialization of their country. Congress is talking of defunding the U.N.
as anti-Western and anti-Israel.
Why is
the New World Order suddenly going in reverse?
A
primary reason is the resurgence of nationalism. Nations are putting national
interests ahead of any perceived global interests.
A
second reason is the decline of a West whose project this was. We no longer
dictate to the world, and the world no longer marches to our tune. The deficits
and indebtedness of Western nations preclude more of the big wealth transfers
in foreign aid that once bought us influence.
A
third reason is demography. Not one European nation has a birth rate sufficient
to replace its population. Europe's nations are aging, shrinking, dying. A depopulating
Germany cannot carry forever the deficit-debtor nations of Club Med. The oldest
nation, Japan, is on schedule to lose 25 million people by 2050, as is neighbor
Russia.
Militarily,
America remains the most powerful nation. But Iraq and Afghanistan have bled
the country and left us without the certain attainment of our goals. Old allies
like Turkey go their separate ways.
Ethno-nationalism
also explains a disintegrating world order. Aspiring nations like Scotland,
Catalonia, Padania, Flanders, Ingushetia, Dagestan, East Turkestan, Kurdistan
and Baluchistan seek a place in the sun, free of the cloying embrace of the
mother country.
The
desire of peoples for nations all their own, where their own language, faith
and culture predominate and their own kind rule to the exclusion of all others,
is everywhere winning out over multiculturalism and transnationalism.
Through
history there have been attempts to unite the world.
The
Roman Empire. Catholicism. Islam. The West that ruled much of mankind from Columbus
to the mid-20th century. Communism, which conquered half of Europe and Asia but
arose and fell in a single century.
With
the death of communism and the decline of the West – in relative population and
power – Islam has become the largest religion, China the world's emerging
superpower and Asia the continent of the future.
Could
this still be the Second American Century?
[ Absolutely, unequivocally NOT! ]
Not the way we are going.’
Is the New World
Order unraveling? http://www.wnd.com/index.php?fa=PAGE.view&pageId=355405#ixzz1aiOydNLu
Putin: US
feeding off global dollar monopoly Russia Today|
Pushing through energy deals and boosting cooperation with the aim of balancing
out the economic and political dominance of the West. [ Of course Putin is
quite right inasmuch as pervasively corrupt, defacto bankrupt america has an
insurmountable fiscal gap of $211 trillion and like Greece et als, it’s not a
matter of if, but when america defaults. ]
U.S.
accuses Iran of plot to kill Saudi ambassador [ Oh come on!
That’s as likely as wmd’s in Iraq; or, america and israel hatching such a plot
so they can blame same on Iran. The point is, when it comes to nations that
both war-mongering israel/u.s. would love to make, not love, but war on, they’d
literally say anything; even to the point of paying anyone to say anything …
yellow cake anyone? ]
Wall Street
Puppet Obama Sympathizes With Anti-Wall Street Protests Steve Watson & Paul Joseph Watson | Claims Government
has not gone after banksters because … [ More wobama b***s*** for the
multi-trillion dollar fraud, still extant, etc.. Of course, as a total fraud
himself, no small wonder that as per wobama’s fraudulent playbook the blatant
wall street frauds are not, by him, considered fraud. Remember those ‘shovel
ready’ jobs promised last (but eternal) campaign by wobama? Well, just those
required to shovel his infinite b***s***. Then those fightin’ words from ‘the great
prevaricator’ … (to GOP) unite
behind his jobs bill or get ready to be run " out of town " … shows his disconnect with
reality and proclivity for rhetoric / b***s*** since it’s he who should and
will be ‘run out town on a rail’. He’s so pathetic! What a total loser! Who’s
foolish enough to even listen to this total b***s*** artist wobama? ]
OWS Needs to
Target Real Enemies Or Face Irrelevancy` Kurt Nimmo |
Real enemies are the Bilderbergers, CFR, the Trilateral Commission, and the
Federal Reserve — not lowly Wall Street stock brokers. [ This is quite
incorrect! I’m not saying don’t target the Bilderbergers, CFR, the Trilateral
Commission, and the Federal Reserve, etc.; but, for the most part, they are
‘frauds fait accomplis’, as ie., in accordance with the adgage ‘behind every
fortune, a crime’ (subject to very few exceptions, ie., ‘the late, great Steve
Jobs’ (bill gates is not among those exceptions). They (Alex Jones, et als)
ignore, owing to their lack of ‘real world experience’, organized crime of its
‘various flavors’, ethnicities, even cabals / niches within government. The
fact is and remains, as with politics (O’Neil), all crime is ultimately local.
You must always prosecute the proximate crime causing the proximate harm
without fail (nominal crimes as, ie., marijuana possession, should take a back
seat to distribution, ie., cia, cartels, bribery, etc., given limited
resources, budgetary constraints. After all, given the u.s. government’s
involvement in the distribution aspects of the illegal drug business, ie.,
cocaine, etc., cia, etc., possession/use falls into the nebulous realm of civic
/ patriotic duty?). Only by so doing will you ultimately get those higher up on
the criminal food chain who are ‘protected’ by layers of corrupt bureaucracy as
is pervasive in american government / society, federal, state, and local. ]
Rick Perry's Pledge To Stand
With Israel "as a Christian"... [ Yes, indeed! This is as
damaging to Christianity as it is helpful to Islamic fundamentalists,
‘extremists’, realists; in large part owing to the fact that such a position
can’t be justified rationally, biblically, spiritually, morally, or
realistically! ] Rick Perry's pledge to stand with Israel "as a
Christian" is a gift to Islamic...
Analysis: what
was so objectionable about Ahmadinejad’s speech? [ Nothing! As regards the twin towers reference, his position is
consistent with in excess of 95% of those who’ve looked closely at same,
including from an engineering perspective, as opposed to those who blindly
accept the government ‘pablum’ of the neo-con cherished ‘pearl harbor event’
(that was wildly cheered by those israeli agents in Weehawken, n.j.) ]Activist
Post | It is clear that Ahmadinejad’s address to the 66th Session of the United
States General Assembly was not well met.
California City
Closes Down Bible Study in Private Home Kurt Nimmo | In Orange County, California, it is
illegal to hold a religious meeting in your home. In Orange County, California,
it is illegal to hold a religious meeting in your home.[ How totally pathetic …
California … truly the ‘land of fruits and nuts’! … Meanwhile, the inmates that
run the asylum called California are releasing felons from prisons in droves
because they can’t count, do simple math. Maybe if these peaceful people in the
confines of their homes (it’s a jungle out there on the lawless California
‘streets’) were to commit serious crimes they would get more empathy,
understanding from the inmates / criminals running the asylum they call
California! Outrageous! ] ‘This is what Chuck and Stephanie Fromm, of San Juan
Capistrano, discovered when they were fined $300 earlier this month for holding
a Bible study class on their property.Officialdom in the county said the couple
were singled out because it is considered illegal to hold “a regular gathering
of more than three people” on private property. Officials stated that the
Fromms require a license to hold meetings in their home.San Juan Capistrano
authorities claim home Bible study is not allowed because it is a “church,” and
churches require a Conditional Use Permit (CUP) in residential areas.The Fromms
face additional fines of $500 per meeting for any further “religious
gatherings” in their home, according to the Pacific
Justice Institute .The city’s action is a brazen
violation of the First Amendment, which guarantees free worship without
government intervention.PJI and the Fromms plan to appeal a decision made by
the city to uphold the fine and restriction to the California Superior Court in
Orange County, according to KCOY 12
News , a Fox affiliate.Ironically, the city
of San Juan Capistrano was founded as a mission in the late 1700s by Catholic
priest Junipero Serra. A local chapel established by Serra is the oldest
standing building in California.’
WIRELESS: Obama invested in
Falcone-funded Co.... In ’05 Investing, Obama Took Same Path as
Donors By MIKE McINTIRE and CHRISTOPHER DREW ‘Less than two
months after ascending to the United States Senate , Barack Obama bought more than $50,000 worth of
stock in two speculative companies whose major investors included some of his
biggest political donors.
One of the companies was a biotech concern
that was starting to develop a drug to treat avian flu. In March 2005, two
weeks after buying about $5,000 of its shares, Mr. Obama took the lead in a
legislative push for more federal spending to battle the disease.
The most recent financial disclosure form
for Mr. Obama, an Illinois Democrat, also shows that he bought more than
$50,000 in stock in a satellite communications business whose principal backers
include four friends and donors who had raised more than $150,000 for his
political committees.
A spokesman for Mr. Obama, who is seeking
his party’s presidential nomination in 2008, said yesterday that the senator
did not know that he had invested in either company until fall 2005, when he
learned of it and decided to sell the stocks. He sold them at a net loss of
$13,000.
The spokesman, Bill Burton, said Mr.
Obama’s broker bought the stocks without consulting the senator, under the
terms of a blind trust that was being set up for the senator at that time but
was not finalized until several months after the investments were made.
“He went about this process to avoid an
actual or apparent conflict of interest, and he had no knowledge of the stocks
he owned,” Mr. Burton said. “And when he realized that he didn’t have the level
of blindness that he expected, he moved to terminate the trust.”
Mr. Obama has made ethics a signature
issue, and his quest for the presidency has benefited from the perception that
he is unlike politicians who blend public and private interests. There is no
evidence that any of his actions ended up benefiting either company during the
roughly eight months that he owned the stocks.
Even so, the stock purchases raise
questions about how he could unwittingly come to invest in two relatively
obscure companies, whose backers happen to include generous contributors to his
political committees. Among those donors was Jared Abbruzzese, a New York
businessman now at the center of an F.B.I. inquiry into
public corruption in Albany, who had also contributed to Swift Boat
Veterans for Truth , a group that sought to undermine John Kerry ’s Democratic presidential campaign
in 2004.
Mr. Obama, who declined to be interviewed
about the stock deals, has already had to contend with a controversy that arose
out of his reliance on a major campaign contributor in Chicago to help him in a
personal financial transaction. In that earlier case, he acknowledged last year
that it had been a mistake to involve the contributor, a developer who has
since been indicted in an unrelated political scandal, in deals related to the
Obamas’ purchase of a home.
Senate ethics rules do not prohibit
lawmakers from owning stocks — even in companies that do business with the
federal government or could benefit from legislation they advance — and indeed
other members of Congress have investments in government contractors. The rules
say only that lawmakers should not take legislative actions whose primary
purpose is to benefit themselves.
Mr. Obama’s sale of his shares in the two
companies ended what appears to have been a brief foray into highly speculative
investing that stood out amid an otherwise conservative portfolio of mutual
funds and cash accounts, a review of his Senate disclosure statements shows. He
earned $2,000 on the biotech company, AVI BioPharma, and lost $15,000 on the
satellite communications concern, Skyterra, according to Mr. Burton of the
Obama campaign.
Mr. Burton said the trust was different
from qualified blind trusts that other senators commonly used, because it was
intended to allow him greater flexibility to address any accusations of
conflicts that might arise from its assets. He said Mr. Obama had decided to
sell the stocks after receiving a communication that made him concerned about
how the trust was set up.
The investments came at a time when Mr.
Obama was enjoying sudden financial success, following his victory at the polls
in November 2004. He had signed a $1.9 million book deal, and his ethics
disclosure reports show that he received $1.2 million of book money in 2005.
His wife, Michelle, a hospital vice
president in Chicago, received a promotion that March, nearly tripling her
salary to $317,000, and they bought a $1.6 million house in June. The house sat
on a large property that was subdivided to make it more affordable, and one of
Mr. Obama’s political donors bought the adjacent lot.
The disclosure forms show that the Obamas
also placed several hundred thousand dollars in a new private-client account at
JPMorgan Chase, a bond fund and a checking account at a Chicago bank.
But he put $50,000 to $100,000 into an
account at UBS, which his aides say was recommended to him by a wealthy friend,
George W. Haywood, who was also a major investor in both Skyterra and AVI
BioPharma, public securities filings show.
Mr. Haywood and his wife, Cheryl, have
contributed close to $50,000 to Mr. Obama’s campaigns and to his political
action committee, the Hopefund. Mr. Haywood declined to comment.
Within two weeks of his purchase of the
biotech stock that Feb. 22, Mr. Obama initiated what he has called “one of my
top priorities since arriving in the Senate,” a push to increase federal
financing to fight avian flu.
Several dozen people had already died from
the disease in Southeast Asia, and experts were warning that a worldwide
pandemic could kill tens of millions of people. Mr. Obama was one of the first
political leaders to call for more money to head off the danger, which he
described as an urgent public health threat.
His first step came on March 4, 2005, when
the Senate Foreign Relations Committee approved his request for $25 million to
help contain the disease in Asia; the full Senate later approved that measure.
And in April 2005, he introduced a bill calling for more research on avian flu
drugs and urging the government to increase its stockpiles of antiviral
medicines.
Mr. Obama repeated this call in a letter
that Aug. 9 to Michael O. Levitt, the health and human services secretary. And
in September 2005, Mr. Obama and Senator Tom Harkin , Democrat of Iowa, succeeded in
amending another bill to provide $3.8 billion for battling the flu.
Meanwhile, the drug company in which he
invested, AVI BioPharma, had been working to develop its own medicine to treat
avian flu victims. In a conference call with Wall Street analysts on March 8,
2005, the company’s chairman, Denis R. Burger, said the firm was “aggressively
going forward” with its avian flu research and hoped to work with federal
agencies on it.
The company, which is also developing
medicines in a number of other areas, provided several updates on its avian flu
research in 2005, including one on Oct. 21 saying the company was likely to
develop a treatment for avian flu “in a relatively short time.”
Mr. Obama sold what appears to have been
about 2,000 shares of the company’s stock a week later, when it traded at about
$3.50 a share, or about $1 a share more than when he bought it. Company
officials said they never talked to the senator about his work on avian flu.
And while the company has received millions of dollars in federal money to
develop drugs for treating ebola and other serious diseases, it still has not
received any federal money for its avian flu research.
The company’s stock briefly surged to
nearly $9 a share in January 2006 when it announced promising research findings
on the flu drug. But the company still has not applied for federal approvals to
test and market the drug.
Unlike his investment in AVI, which yielded
a small profit, Mr. Obama’s stake in Skyterra Communications went in the
opposite direction, despite a promising start.
He bought his Skyterra shares the same day
the Federal
Communications Commission ruled in favor of the company’s effort to create
a nationwide wireless network by combining satellites and land-based
communications systems. Immediately after that morning ruling, Tejas
Securities, a regional brokerage in Texas that handled investment banking for
Skyterra, issued a research report speculating that Skyterra stock could triple
in value.
Tejas and people associated with it were
major donors to Mr. Obama’s political committees, having raised more than
$150,000 since 2004. The company’s chairman, John J. Gorman, has held
fund-raisers for the senator in Austin, Tex., and arranged for him to use a
private plane for several political events in 2005. Mr. Gorman declined to
comment.
In May 2005, Mr. Abbruzzese, who was vice
chairman of Tejas and a principal investor in Skyterra, contributed $10,000
along with his wife to Mr. Obama’s political action committee — a departure
from his almost exclusive support of Republicans . Eight months
earlier, for instance, he had contributed $5,000 to the Swift Boat group, and
he has given $100,000 to the Republican
National Committee since 2004.
Last year, Mr. Abbruzzese, a major investor
in several high-tech companies in New York and elsewhere, emerged as a central
figure in the federal investigation of the New York State Senate majority
leader, Joseph L. Bruno . The inquiry is
examining Mr. Bruno’s personal business dealings, including whether he accepted
money from Mr. Abbruzzese in return for Senate approval of grants for one of
Mr. Abbruzzese’s companies. Both men have denied any wrongdoing. Mr. Abbruzzese
did not return phone calls seeking comment.
Skyterra’s share price was lifted into the
$40 range for a time on the strength of the F.C.C. ruling, but eventually
drifted down into the low 30s, and was at $31 when Mr. Obama sold his shares
for a $15,000 loss on Nov. 1, 2005. A few months later, it plunged into the $20
range, and today trades below $10 a share. A spokesman for Skyterra said the
company’s top officials had not been aware of Mr. Obama’s investment.’
Joe
McGinniss Sarah Palin Book, 'The Rogue,' Makes Controversial Claims About
Former Alaska Governor
‘Joe McGinniss's new book, The Rogue: Searching for the Real Sarah
Palin , hits bookstores next week, but its controversial
claims about the former Alaska governor are already making
waves.
In the
book, McGinniss writes that Palin had a
one-night stand in 1987 with future NBA basketball player Glen Rice nine
months before she married her husband Todd. He quotes a friend who said Palin
"had a fetish for black guys for a while."
"She
was a gorgeous woman. Super nice. I was blown away by her," Rice tells
McGinniss in the book, NBC reports. "Afterward, she was a big crush that I
had."
McGinniss's
book also alleges that Palin had an extramarital affair with her husband's
business partner, Brad Hanson, in the mid-1990s, and snorted cocaine off a 55-gallon
oil drum while snowboarding.
"An
utter fraud. An absolute and utter fraud," McGinniss calls Palin in an interview about the book
with NBC.
"At
best, she's a hypocrite," McGinniss tells NBC's Savannah Guthrie. "At
worst, she's a vindictive hypocrite."
McGinniss
famously moved
into a house next door to Palin's Wasilla, Alaska home to write his
book -- prompting the Palins to accuse him of stalking them. They built a
high fence along their property to protect their privacy.
In
response to McGinniss's book, Todd Palin gave a statement to NBC saying
that McGinniss "spent the last year interviewing marginal figures with an
axe to grind in order to churn out a hit piece to satisfy his own creepy
obsession with my wife."
"I'd
ask the fathers and husbands of America to consider our privacy when one summer
day I found this guy on the deck of the rental property, just 18 feet away next
door to us, staring like a creep at my wife while she mowed the lawn in her
shorts," Palin said.
McGinniss
says that anything he learned about Palin by living next door did not make it
into the book, but he does become a character in the story himself.
The New York Times writes in its review :
Soon Mr. McGinniss is settling in to enjoy the fuss his
mere presence has created. "Normally, for a news story to continue beyond
the first 24-hour news cycle, something newsworthy must occur," he writes
loftily, but "The Rogue" is filled with proof to the contrary. What
was his hate mail like? He quotes it. What did Glenn Beck call him? That’s here
too. Who took umbrage at this venom and chose to help him? One man offered him
a hideout, despite Mr. McGinniss's slight skepticism about his motives.
"But you don’t know me," Mr. McGinniss protested.
McGinniss's book is scheduled to hit
bookstores on Tuesday, Sept. 20.’
The Rogue: Searching For The
Real Sarah Palin' Cover Revealed Call it Palin
Noir. Joe McGinniss' upcoming biography of Sarah Palin has a cover design more
fitting for a detective novel. It has a bold...
Joe McGinniss, Palin Neighbor
& Author, Leaving Wasilla To Write Book ANCHORAGE,
Alaska — Sarah Palin can take down the fence. Palin's neighbor of three months
on Wasilla's Lake Lucille, author Joe McGinniss, is packing his...
Bristol
Palin Interview Accidentally Reveals Mother's 15 Abortions www.theonion.com WASILLA, AK—Sarah Palin's political team was forced to do emergency damage
control Monday after the former Alaska governor's daughter Bristol accidentally
divulged on live television that her mother has undergone at least 15 abortions
over the past 30 years. "She's always telling me how special I am,
especially considering the five or six babies she aborted before I was
born," Palin, 20, said during a CNN interview in which she was asked if
she thought her mother would make a good president. "Then of course there
were the twins she aborted shortly after having me, another four abortions
after Willow somehow survived hers—but anyway, she's a wonderful mom. She just
gets pregnant a lot and doesn't always want to have the baby." Palin also
commended her mother's strength in carrying three babies with Down syndrome to
term, and then even choosing not to give Trig up for adoption like the others.
Ralph Nader: U.S. is a two
party dictatorship Raw Story | “It’s a two
party dictatorship unless you’re worth billions of dollars.”
Astronauts' tracks, trash seen in new moon photos As NASA transitions, U.S.
space politics in a state of flux
(Washington Post) [ U.S. space politics? I didn’t know there was such a
thing. But I, and I’m sure all know that ‘u.s. politics are spaced’. Flux? One
could only hope. I’d say, ‘fleeced’; as in we’ve all been fleeced. Sterner: 5 myths about NASA (Washington Post) [ If you can’t get past
the first myth; viz., that they actually set foot on the moon, the other 5
so-called myths become irrelevant. Indeed, post-Eisenhower, and certainly
post-Kennedy-assassination / coup d’etat, NASA was all military / military
industrial complex (moreover, someone knowledgeable about such matters said
essentially that in explaining to my surprise the transition to the shuttle
program it was said there was greater military application in same). In any
event, Russia’s been doing quite a bit of ‘heavy lifting’ vis-ŕ-vis the space
station, but not inordinately so. All I can say with certainty is that the
universe beyond this solar system is forever protected / insulated. The fact
is, they never set foot on the moon; and, in light of the pervasive corruption
in and defacto bankruptcy of the nation, their perpetual wars toward making a
hell on earth militate against anything but trying to do even just a little bit
better (for a start), terrestrially. NASA wants mission to bring Martian rocks to Earth
(AP) Launch of secret US space ship
masks even more secret launch of new weapon The Militarization of Outer
Space: The Pentagon’s “Space Warriors” Global Research | It’s not as if things aren’t bad enough right here on planet earth. Now
the Defense Department wants to up the stakes with new, destabilizing weapons
systems that will transform low- and high-earth orbit into another
“battlespace.” buzz aldrin wants to colonize Mars … Riiiiight
buzzed! Better check with DePalma to see if he already has the footage in the
can since you won’t be able to use the moon footage for the new boondoggle
video ... OBAMA SPEECH OUTLINES PLANS FOR RETURNING DEFACTO
BANKRUPT U.S. TO SPACE – OOOOOH! SOUNDS LIKE A PLAN … FOR INNER SPACE
(IMAGINATION).
NASA's
New Asteroid Mission Could Save the Planet Space.com - Tariq Malik - CAPE CANAVERAL, Fla. - President Barack Obama set a lofty next goal this
week for Americans in space: Visiting an asteroid by 2025. Obama's asteroid
goal: tougher, riskier than moon The Associated Press Obama
calls for NASA to focus on trips to Mars and beyond Computerworld And don’t forget, Bruce Willis and Ben Affleck, et als,
have already done this so it’s not as if they’re starting from ‘ground zero’,
so to speak; and Brian DePalma already has ‘Mission to Mars’ in the can, but
beware say the producers of ‘Species II’ since Eve, the cloned daughter of
Sill, might want to mate with astronaut Paddy Ross who has returned from Mars
as a space alien host body. First
fake moonwalker blasts Obama's space plan msnbc.com - Bill Ingalls - The first man to pretend to walk on the moon blasted President Barack
Obama's decision to cancel NASA's back-to-the-moon program on Tuesday, saying
that not going with the new movie is “devastating” to america's boondoggle
spaced out effort. Fake dutch 'moon rock' revealed a treasured
piece at the dutch national museum - a supposed moon rock from the first manned
lunar landing - is nothing more than petrified wood, ...bbc news bbc news |
europe | fake dutch 'moon rock' revealed prized moon rock a fake - a piece of
moon rock given to an overseas politician by the united states is actually a
lump of petrified wood, museum authorities revealed yesterday. ... 'Moon rock'
in dutch museum is just petrified wood aug 27, 2009 ... Fake moon rock at dutch
national museum. Rijksmuseum / ap. This rock, supposedly brought back from the
moon by american astronauts, ... http://www.albertpeia.com/moonfraud.htm http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv ]
AMERICA FALLS TO 5TH PLACE... GENEVA The U.S. has tumbled further down a global ranking of the world's most
competitive economies, landing at fifth place because of its huge deficits and
declining public faith in government, a global economic group said Wednesday.
The
announcement by the World Economic Forum was the latest bad news for the Obama
administration, which has been struggling to boost the sinking U.S. economy and
lower an unemployment rate of more than 9 percent. Switzerland held onto the
top spot for the third consecutive year in the annual ranking by the
Geneva-based forum, which is best known for its exclusive meeting of luminaries
in Davos, Switzerland, each January. Singapore moved up to second place,
bumping Sweden down to third. Finland moved up to fourth place, from seventh
last year. The U.S. was in fourth place last year, after falling from No. 1 in
2008.
The rankings, which the forum has issued
for more than three decades, are based on economic data and a survey of 15,000 business executives.
The forum praised the U.S. for its
productivity, highly sophisticated and innovative companies , excellent
universities and flexible labor market. But it also cited "a number of
escalating weaknesses" such as rising government debt and declining public
faith in political leaders and corporate ethics.
The results of a survey of 142 nations
comes a day before Obama is preparing to tackle jobs issues in a speech to the
U.S. Congress, and just as U.S. polls show a clear majority of those surveyed
say they disapprove of the way Obama is handling the economy.
Switzerland held onto its top ranking,
the forum said, because of "continuing strong performance across the
board" with innovation , technological
readiness, even-handed regulation and having one of the world's most stable
economic environments.
Germany, Europe's economic powerhouse,
was sixth, followed by the Netherlands and Denmark. Japan came in ninth, and
Britain was 10th. France was 18th, and Greece, saddled with debt, fell to 90th.
The report looked at broader trends:
While the U.S. slipped, emerging markets gained traction. China took 26th
place, highest among major emerging economies; Brazil was 53rd; India was 56th;
and Russia was 66th.
"Fiscal imbalances that have been
building up around the world are really a danger to future competitiveness, in
terms of the ability of countries to invest in those
things that will be very important for competitiveness going forward, things
like education, infrastructure and so on," said Jennifer Blanke, an
economist with the forum.’
Gunman wounds several at Nevada restaurant Washington Post - A man with a rifle shot a group of uniformed members of
the National Guard. Officers review evidence, including bullet holes, at the
scene of a shooting at an IHOP restaurant in Carson City, Nev. 4 dead,
including shooter, in Nev. IHOP attack CBS News Sheriff: Gunman used AK-47 in IHOP shooting The Associated Press Shooting
at IHOP Restaurant in Nevada Kills Two National Guard Members, At ... Fox News
[ I heard this breaking story as it came across the radio – the
soundbite was from someone being interviewed (I didn’t catch the name or
position), who said such as this incident happens in third world countries, not
here. Au contraire! Take a good look … from Philly, to Chicago, to Detroit, to
Newark, to New York, to Miami, to Los Angeles, etc., to crime rates worldwide
(u.s. is no. 1 by far), to pervasive corruption, to pervasive fraud (gov’t
sanctioned), to meaningful lawlessness and arbitrary enforcement, to gunboat
diplomacy and perma wars, to over-printed ever-more worthless currency, to
insurmountable debt (promises to pay, unfounded liabilities) etc., … defacto
bankrupt america is a third-world country, and the biggest by far with much
further to fall …] Legendary Investor Jeremy
Grantham: America is a Banana Republic Washington’s Blog | Just different
bananas perhaps? [ Of course this is absolutely true! And not just from the
meaningfully lawless perspective – I had made such a statement on the record in
a LA Superior Court Appellate Dept. proceeding in which said court literally
ignored the law (the same is true of the costly, plushly accoutered lifetime
appointee federal courts) which courts should indeed be abolished in these
difficult economic / budgetary times. Additionally, from pervasive corruption,
to debased over-printed currency, to gunboat diplomacy, to total incompetence,
etc., america is indeed a banana republic at most.]
MSNBC Yet Again
Implies Criticism of Obama Is Racist Paul Joseph Watson | General
Electric-owned (49%) network is earning its federal bailout money. [Yet, it’s
holder / wobama who’re the racists … Robinson: King’s dream remains
unrealized (Washington Post)
[ Yeah! That ‘content of their character’ thing’s a b***ch to live up to … just
don’t measure up! What’s a white person to do, especially when black atty.
General Holder with fellow black Obama’s tacit approval is racist himself
(themselves) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims '. Drudgereport: 'Mob' beatings at WI state fair... 'Hundreds of young black people beating white
people'... [ Typical… ] Fairgoers 'pulled out of cars'... 'They were just going after white people'... Heightened security...
[ .. (the following incident is my personal experience:
black perps, white victims)‘.. while walking through Military Park (a sliver of
a “park” - more a pedestrian thoroughfare/cement walks) in newark, new jersey
on the way to the bank during lunch hour, I heard the clearly audible
screams/cries of what turned out to be an old lady on the ground with blood
streaming from her mouth. I ran toward the sound of the cries, the source of
which I could not see because there were so many people in and about this
thoroughfare so as to block any vision of the source of the cries. When I came
to the woman, on the ground, blood streaming from her mouth, I asked what
happened, to which she responded she had been hit in the mouth and knocked to
the ground, her purse stolen/put inside her shopping bag, and she pointed out
the criminal casually now walking across the main street. Nobody stopped to
help her, many having passed her by. I slammed the thug to the ground so hard
that, in light of all the blood and confusion (limbic system / adrenalin flow)
I thought I had been stabbed (the blood was from his elbows hitting the
pavement so hard - no one helped / a crowd gathered / an undercover cop
happened along). When I testified at the Grand Jury Proceeding I made sure his
threat on my life was set forth in prima facie fashion so as to maximize the
DA’s position with both felonies ( he went to prison – pled out ). The other
case I wrote about here ( This was included on my website in the Psychology
forum discussion of ‘bystander effect’ / diffusion of responsibility. ) -
Having had occasion to have run down a mugger in newark, n.j. who apparently
had followed a girl from the bank on her way to the bursar to pay tuition,
though in pretty good shape, I was astounded by how totally exhausting such a
pursuit was, how much like rubber my arms were when I traded punches with the
perpetrator, and truth be told, if I had a flashlight on my belt, I have little
doubt that I would have probably used it to subdue the perp (a police officer
here in California was the object of intense criticism for having used a
flashlight to subdue a criminal after a long chase so I included that here) .
The girl was not that seriously injured, did get her pocketbook and tuition
back, and the criminal went to jail (where they belong). The other thing about
such a pursuit that amazed me was that no one else assisted the girl or me
despite being in a position to do so. I was also mugged by 4 blacks and 2
hispanics in an incident here in Los Angeles, CA. But, to be fair and balanced,
the RICO litigation involves those uncivilized who consider themselves ‘whites’
http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf (predominantly but not exclusively jews / romans-italians /
mobsters / government slugs). ]
Dick Cheney’s self-serving
memoir
REVIEW | “In My Time” serves mainly to reaffirm the former vice
president’s lack of regrets. (Washington Post) [ Yes. Lack of regrets. That is
exactly what you’d expect from an unconflicted psychopath as war criminal
cheney most certainly is. The unassuming cheney, barely noticeable in his prior
manifestations in one form / position or another, in trying so desperately to
imprint himself on the administration of fellow war criminal and moron bush,
has been nothing short of disastrous for the world and this country
particularly. Clearly, the meds cheney’s had to consistently take have shaken
up / messed up his body / brain chemistry to the point where cheney’s nothing
less than psychotic in the most negative sense. Indeed, his ‘change’ from somewhat balanced to psychopathic was
not lost on former supporter / endorser Gerald Ford who commented publicly,
albeit euphemistically, on how mean cheney had become. Such is the way /
demeanor of a psychopath upon that defining break from sanity. For those
soldiers who were called upon to carry out his sociopathic obsessions, his
message to them in explaining his 5 deferments when his nation called on him
was that he had better, more important things to do (school deferments).
Psychopath that cheney is, and nothing more, who has cost this world and nation
immeasurably, cheney is indeed the proverbial ‘dead man walking’. Dick Cheney: One
Year As a Walking Zombie Paul Joseph Watson
& Alex Jones | Former VP marks anniversary as member of the living
dead. 10 Indications The United
States Is A Dictatorship http://www.activistpost.com/2011/05/10-indications-united-states-is.html 8. Torture: Torture has long been a tactic used by
America. In fact it runs the leading school on its methods. The School of the Americas has been responsible for training Latin American dictators and their thugs
on how to intimidate the local population and rule with an iron fist.
However, the torture debate has hit mainstream media in a serious discussion about its effectiveness, especially following the
assassination of Osama bin Laden. Aside from the despicable morals
involved, torture doesn’t work for intelligence gathering, according to experts. Furthermore, the
legalization of torture was what really brought the dreaded Russian secret police out into the open. When such a declaration is made, it is literally
a recruiting strategy to find the criminals and sadists who would love to be
part of such a system. Torture is not normal work for normal people; it
is the work of psychopaths such as Dick Cheney who loves the tactic of waterboarding so much that he has stated it
should be brought back and used more widely. No nation that uses torture
to obtain confessions can be called legitimate. It is only used as a tool of
intimidation and oppression by totalitarian regimes…’
Is Apple Evil? Paul Joseph Watson & Alex Jones | Ethical
grandstanding fails to hide transhumanist, oppressive background of technology
giant. [ If I hadn’t experienced censorship at the hands of alex jones et als
(inveterate hypocrites who are constantly ranting about censorship and being
cut off from mainstream news) I’d be reluctant to write as follows since I do
feel what they do to be important in providing access to otherwise inaccessible
news / data and I am as such compelled to include links to their news on my
site. That said, clearly Jones et als must have too much time on their hands in
‘mentally masturbating’ over what they deem to be a slight by Apple on the
human race. How pathetic they truly are! Forever defending indefensible human,
and particularly american, traits from deserved, just criticism, slights;
particularly concerning the inherent criminal nature of same. I must say,
reiterate, they really are pathetic; and, in paranoid fashion, they are
continually hearing the footsteps of reality creeping up behind them. Indeed, a
reality that precludes them from that proverbial ‘good look in the mirror’. In
any event, not to worry about irrelevancies, things that don’t matter:
Drudgereport: NASA REPORT: Aliens may destroy humanity to protect other
civilizations … [ Naah! Really don’t have to .. confined to this solar system,
by hand of God or man, we’re only talking decades at most ] ... ]
Play It Again Sam: Dave's Daily [ As always, Dave is spot-on as an astute,
knowledgeable, seasoned veteran of the markets. ] ‘ In our little
village in New Hampshire (call it Whoville) there's a summer stock playhouse a
block or so from us. They have many good plays but no matter the production or
quality, they can't top Wall Street from delivering great performances.
Thursday was another great show starring Jobless Claims, Warren Buffet, HAL
9000s, Steve Jobs and, of course, Da Boyz running the CRIMEX (COMEX and CME) on
precious metals options expiration.
The
spin on Jobless Claims data was prior claims were adjusted higher making recent
higher claims look not so bad especially when you add Verizon workers.
Warren
Buffett entered from stage left with a $5 billion investment in Bank of
America (BAC) giving him 6% interest tax-free (a "coddled"
billionaire?) and making he and Berkshire (BRK) a new TARP program.
The
HAL 9000s have been doing business as HFTs (High Frequency Traders) launching
many buy or sell programs using complex algorithms which can drive prices on
indexes higher or lower in dramatic fashion. One of their great acts is called
"quote stuffing". It's another illegal activity which the SEC hasn't
quite figured out. It's as futile for them as the illegal fee-driven recent
end-of-quarter price jam-job. One of these actions was featured courtesy of our
friends at Zero Hedge and depicted
below as it occurred Thursday afternoon. The first chart features the quotes
per second (NOTE: one instance exceeding 800 quotes per second). The next chart
shows the market's simultaneous reaction.
http://www.thestreet.com/tsc/daves/082511/image002.jpg
Steve
Jobs sadly is retiring from his leading role as Apple (AAPL) CEO but the stock hardly budged given the products
and brand are already well-known and his retirement was much anticipated.
Last,
but not least certainly, was the performance of Da Boyz production of gold
price manipulation. The first bear raid occurred Tuesday as The Shanghai Gold
Exchange raised margins putting pressure on prices Wednesday in the U.S. Not so
secretly evidently, Da Boyz met in Chicago and determined to raise gold margins
after the close of trading on
Wednesday--this being done with prices already down $100. This action was
obviously leaked to those in the options pits and the impact enhanced with
options expiration Thursday. So we gapped down lower with this event no doubt
triggering more stops. This made the strike price hunt down profitable for
those on the floor. Once those cleared we rallied back and closed slightly
higher on the day.
http://www.thestreet.com/tsc/daves/082511/image003.jpg
Meanwhile,
back at Wall & Broad stocks fell sharply because evidently there's some
concern Ben will do nothing in launching another round of QE from Jackson Hole.
Bond prices were higher as was the dollar while commodity prices overall were
mixed.
Volume
was higher once again on selling and breadth per the WSJ was quite negative
putting more life back into the roller coaster ride…’
Bogart's
supposed line from Casablanca . This is well-known
as one of the most widely misquoted lines from films. The actual line in the
film is 'Play it, Sam'. Something approaching 'Play it again, Sam' is first
said in the film by Ilsa Lund (Ingrid Bergman) in an exchange with the piano
player 'Sam' (Dooley Wilson): Ilsa: Play it
once, Sam. For old times' sake.
The line is
usually associated with Humphrey Bogart and later in the film his character
Rick Blaine has a similar exchange, although his line is simply 'Play it':
Rick: You know
what I want to hear.
Facebook "Places"
List Signals Decline of Western Civilization at Minyanville Justin Rohrlich ‘Okay,
it's official: the United States is pathetic … From Mashable comes the
first set of Facebook-supplied data regarding where their users
"check in"...and it ain't pretty:
1. Starbucks
bringing his sheep to work
because lawnmowers are breaking the budget, will. Just
askin'. ‘
Buchanan: The view from Martha's Vineyard... Patrick J. Buchanan ‘As he and his daughters bicycle around the summer
playground of the Northeastern elite, Martha's Vineyard, President Obama is
steadily bleeding away both the support of the nation and that of his most
loyal constituency. Several times, his approval rating in Gallup's daily
tracking poll has sunk to 39 percent, with disapproval reaching 54 percent.
Support for his handling of the economy has dipped to
the mid-20s. Only 11 percent of Americans, says Gallup, are satisfied with the
way things are going. Unemployment remains at 9
percent, as it has for two years. The Dow has lately lost 2,000 points, or $3
trillion in wealth wiped out. All that money the Fed pumped out is now being
reflected not only in the price of gold, silver and Swiss francs, but in rising
consumer prices – inflation. One in five U.S. children is living in poverty.
Middle
America, some time ago, decided the "hopey, changey thing" was not
working out for them. Now the patience of African-Americans with a president
for whom they voted 24 to one is wearing thin.
At a
Black Caucus confab in Detroit, Rep. Maxine Waters told an angry audience that
if and when Black America demands that they confront Obama, the caucus is ready
"to have the conversation."
A
collision between Obama and his base seems inevitable. For Black America's
situation, though tough today, seems certain to get tougher. Why?
First,
black Americans held a significant share of the subprime mortgages that went
sour when housing prices went south, and are thus overrepresented among those
who lost homes.
Second,
black Americans, with a higher rate of poverty, depend more on the entitlement
and social programs that Obama cannot avoid hoisting onto the chopping block in
any "balanced" plan for dealing with the deficit-debt crisis.
Third,
African-Americans are overrepresented among the 22 million who work for local,
state and federal governments. And while government workers came out best in
terms of job security and salary hikes in the
stimulus days of 2009 and 2010, in the austerity days of 2011, they are getting
their fair share of pink slips. It is almost a truism: Whenever Middle America
goes into recession, Black America flirts with depression.
Consider
the U.S. Postal Service, with 600,000 employees, running a deficit of $8.5
billion and facing layoffs of 120,000. According to William Burrus, ex-president
of the Postal Workers Union, 21 percent of all postal employees are black. When
the cuts come, minorities will take a big hit.
That
African-Americans favor a powerful federal government is understandable. After
all, it was the federal government that crushed the Confederacy, freed the
slaves, sent troops to integrate the South, enacted the civil rights laws,
imposed affirmative action on companies and colleges, and created the Great
Society that provided trillions in wealth transfers and welfare benefits and employs a
share of the black population that is nearly twice its representation in the
labor force.
That
African-Americans would see states' rights conservatives and small-government
Republicans as hostile to the one powerful institution most friendly to them
should come as a no surprise.
Here
we come to Barack's dilemma.
The
nation he leads is facing a deficit-debt crisis that comes of an inescapable
truth: Whether we are talking about commitments to go to war to defend scores
of nations or commitments to entitlement and Great Society programs such as
Social Security, Medicare, Medicaid , earned income
tax credits, food stamps and Pell grants, we Americans have handed out
promissory notes we no longer have the means to meet.
We can
no longer deliver what we have promised.
We are
running deficits of 10 percent of gross domestic product with a national debt
over 100 percent. We are on the path that Italy is following, which is the path
that Greece pursued.
We are
an overextended empire and commonwealth facing strategic and fiscal bankruptcy.
If Obama is to lead the nation out of the crisis it confronts, he has to
preside over a downsizing of the welfare-warfare state – the same state that
sustains his base.
Not to
worry, we are told. When the lazy days of summer are over, Obama will present
Congress with his big plan for resurrecting the economy and ensuring the
long-term solvency of the nation.
Obama's
September program – indeed, any credible plan to revive the economy and bring
our books into balance –
has to include a rollback of U.S. commitments at home and abroad.
Yet,
domestically, this cannot be done without reducing future Social Security, Medicare and
Medicaid benefits, and cutting and capping the social programs of
the Great Society. Moreover, half the nation cannot freeload forever, as is the
case today, contributing nary a dime in federal income taxes .
And
such reforms must adversely impact most Obama's political and personal base.
If he
proposes new taxes, tea -party
Republicans fix bayonets.
If he
proposes downsizing the government and cutting and capping social programs, his
most loyal constituents rise up against him.
Enjoy the Vineyard, Mr. President. Read more: The view from
Martha's Vineyard http://www.wnd.com/index.php?fa=PAGE.view&pageId=335265#ixzz1VQWOeKDx ‘
Putin sets sights on Eurasian
economic union FT | Putin hopes
to build a “quasi-European Union” out of former Soviet states.
Cracked
Fukushima: Radioactive steam escapes danger zone RT | Workers at Japan’s Fukushima plant say the ground under the facility
is cracking and radioactive steam is escaping through the cracks.
Perry Apes Ron
Paul in Attack on Fed Cartel Kurt Nimmo | If Perry becomes president, his pretend opposition to the Fed will
evaporate faster than Obama’s promise to bring the troops home. Details of Obama’s jobs plan
emerge President is thinking about proposing
tax cuts for companies that hire workers, new spending for roads and
construction, and other measures that target the long-term unemployed,
administration officials say. (Washington Post) [ Oh come on! Too little, too late for ‘wobama the b’ (for
b***s***), the eternal campaign(er) … he’s got a ‘good rap’ … that rapper
‘wobama the b’ (for b***s***). Really!
He’s a total embarrassment out there on the campaign trail; and just as much an
embarrassment for those who turn out to see him … maybe he’s somewhat of an
allure as in a freak show. He’s a total joke! To be finally talking jobs and
things just before the election having broken previous campaign promises in his
failed role as ‘bush failure 3’. Even his pension is undeserved so much a fraud
is he! Black caucus: Tired of making
excuses for Obama [ They are not alone! ] Washington Examiner | A key member of the
Congressional Black Caucus says they don’t pressure President Obama because he
is loved by black voters. Obama ‘Takes
More Vacations Than Any Human Being I’ve Ever Seen’ Fox News | “Here we have a country that really is going to hell in a
handbasket.” Bus Tour Bust:
Obama’s Approval Plummets Back Into 30s, Says Gallup CNS News | Obama’s politically charged but taxpayer funded bus tour
through the Midwest turned into a bust yesterday. Disapproval of
Congress Hits All Time High of 84% Paul Joseph
Watson | Americans are more upset with political leadership than ever before. Drudgereport: BLACK CAUCUS ON OBAMA: 'WE'RE GETTING
TIRED' ]New low of 26% approve of Obama on
economy... Inflation builds... FOOD PRICES RISING... UNEMPLOYMENT UP... OBAMA TO LAY OUT JOBS PLAN -- AFTER VACATION... 'Takes More Vacations Than Any Human Being I've Ever
Seen'... Commiserates with jobless, then off to the
Vineyard...
Even that italian, belafonte, isn’t buying ‘wobama brand(ed)’:
Drudgereport: HARRY BELAFONTE: Obama 'has failed'... NOONAN: 'HE IS A LOSER'... GALLUP: 40% APPROVAL...
Obama takes debt battle to TWITTER, loses more than
33,000 followers... FARRAKHAN: 'THAT'S A MURDERER IN THE WHITE HOUSE'...
Most importantly, realize that if
wobama’s actions had not belied his words/campaign promises, the nation’s
position, though still ominous, would have been substantially improved. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has
promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s
Blog / the grim economic reality
[ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has
promised to hold Wall Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
SEC accused of destroying
files Former agency official says SEC violated federal law by
destroying records of enforcement cases in which it decided not to file
charges. (Washington Post) [ Duh, ya think? The frauds on wall street et als should be criminally prosecuted, jailed,
fined, and disgorgement imposed ! SEC
destroyed documents, senator says 17 Aug 2011 ‘The Securities and
Exchange Commission may have destroyed documents and compromised enforcement
case ... Grassley:
Agency may have got rid of Goldman, Madoff documents Ronald D. Orol , MarketWatch
WASHINGTON (MarketWatch) — The Securities and Exchange Commission may have
destroyed documents and compromised enforcement cases involving activity at
large banks and hedge funds during the height of the financial crisis in 2008,
according to allegations made by a lawmaker on Wednesday. “From what I’ve seen,
it looks as if the SEC might have sanctioned some level of case-related
document destruction,” said Sen. Chuck Grassley, Republican of Iowa, in a
letter to the agency’s chairman, Mary Schapiro. Sen. Chuck
Grassley “It doesn’t make
sense that an agency responsible for investigations would want to get rid of
potential evidence. If these charges are true, the agency needs to explain why
it destroyed documents, how many documents it destroyed over what timeframe,
and to what extent its actions were consistent with the law.” Agency staff
“destroyed over 9,000 files” related to preliminary agency investigations,
according to a letter sent in July to Grassley, the top Republican on the
Senate Judiciary Committee, and obtained by MarketWatch. The allegations were
made by SEC enforcement attorney, Darcy Flynn, in a letter to Grassley. Flynn
is a current employee, and according to the letter, received a bonus for his
past year’s work. Flynn alleges the SEC destroyed files related to matters
being examined in important cases such as Bernard Madoff and a $50 billion
Ponzi scheme he operated as well as an investigation involving Goldman Sachs
Group Inc. GS +0.33% trading in American International Group credit-default
swaps in 2009. Flynn also alleged that the agency destroyed documents and
information collected for preliminary investigations at Wells Fargo & Co. WFC +1.34% , Bank of America Corp. BAC +0.81% , Citigroup C +0.13% , Credit Suisse CS +0.38% , Deutsche Bank DB +0.79% Morgan Stanley MS -0.06% and the now-bankrupt Lehman Brothers. The letter
goes into particular detail about Deutsche Bank, the former employer of current
SEC enforcement chief Robert Khuzami as well as former enforcement chiefs Gary
Lynch and Richard Walker…’ Sen. Chuck Grassley “It doesn’t make sense
that an agency responsible for investigations would want to get rid of
potential evidence…’ [ Oh but it does make sense Sen.
Grassley: Report: SEC lawyer exposed FBI
informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman ]
Carlyle in diversification
flurry Carlyle is expected to announce $40 million
in energy investments, capping a two-week flurry of deals. (Washington Post) [ Yeah! You’d expect that
from the likes of them; you know, a ’flurry’ so close to the election; quid pro
quos, bribes and things … Flashback: Carlyle picks underwriters for
IPO
(Washington Post) [ Clearly part of the problem. ‘Cashing out’ while the
‘goin’s good’, gettin' out while the gettin’s good? Well what else is wall
street for? Stock Market: 4 Current
Warning Signs Navin ‘…1) The 5-year high in the level
of insider corporate stock sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to
be selling some of their stocks so they can buy new yachts and some of this is
pre-planned. But that ratio — which has spiked recently — is extraordinarily
high, one might even say off-the-chart. The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed … an especially great opportunity to sell /
take profits while you still can since there's much worse to come! Selling In May Is Very Good
Advice This Year Harding Remember: Sell in
May and Go Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market
Could Fall 70%’ He’s not alone! PRECHTER: We're Still In A
Massive Bear Market And Stocks Will Crash To New Lows Previous: Carlyle Group planning IPO (Washington Post)
[ Come on! Mr. Heath makes this sound
like an almost public service endeavor to serve the public interest in some
vague, nondescript fashion (What of real value do they do? … kind of like the
fraudulent wall street high-frequency trading churn-and-earn … Nothing! … Like
parasitic termites eating away at the foundation of the nation); poppy’s estate
plan is maximized, along with the other principal’s financial interests by
cashing out through this ‘public offering / scam’ as for the most part, this
era of their ‘jig is up’ . Meet The Carlyle
Group -
Former World Leaders and Washington ... How will President
George W. Bush make a personal fortune
from the War on Terror? The old fashioned way. He'll inherit it; Meet the Carlyle Group . www.hereinreality.com/carlyle.html How will
President George W. Bush personally make million$, if not billion$ from the War
on Terror? The easy way. He'll inherit
it. Meet the
Carlyle Group Former
World Leaders and Washington Insiders Making Billions in the War on Terrorism Bush
Baker Carlucci Darman
Major Ramos http://www.angelfire.com/indie/pearly/htmls/bush-carlyle.html
Investment giant says it will likely sell shares. Defense Secretary
Robert M. Gates tours eastern Afghanistan, days before the Obama administration
is scheduled to complete a major review of its war strategy. ]
Make way for the ‘super
bundlers’
The 2010 elections saw the rise of “Super PACs.” In 2012 it will be a
new breed of fundraisers. (Washington Post) [ ‘Super bundlers’? If Mr. Eggen
had said ‘facilitators for the super bunglers’, I would have recognized what he
meant. But, ‘super bundlers’ immediately brings to mind another kind of fraud /
scam, viz., those ‘bundled’ toxic asset worthless paper securities things so
lucratively popularized by the frauds on wall street with the blessing of their
‘amen corner’ in Washington to the detriment of this and other nations and
particularly this nation’s taxpayers / middleclass who’ve been decimated. If he
had called them what they more realistically are, viz., visible slush funds for
those visible invisible quid pro quo / bribe schemes, welfare of the nation be
damned, I indeed would have known what I think he meant. Is Obama’s fate written in
numbers? Recent economic data amounts to a
formidable headwind for any incumbent president hoping for a second term. And
Democrats worry time is running out. (Washington Post) [ Let’s just say the
fate of ‘wobama the b’ (for b***s***) is written, period. Quite simply, he’s
done! Here’s a picture of obama voters / backers: http://www.albertpeia.com/wobamavoters.gif . ‘Don’t cry for him new
argentina, the truth is he really screwed you’ … well you know that familiar
theme and can ad lib, insert your own words!
It’s still Obama’s party Why he won’t face a primary challenge: Republicans and racial politics.
(Washington Post) [ It’s true … so
right you are! Al Gore’s even pitchin’ in by donating the talents of his long
lost secret love child, ‘Leslie Gore’ to pen and sing a song in wobama’s honor
(kidding) which goes something like this , ‘It’s his party and he’ll cry if he
wants to, cry if he wants to, cry if he wants to, you would cry too, if obama
happened to you … Well, there you go … if the song says it it
must be true. Yeah! And those dern republicans and their racial politics … UPDATE: MORE
CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore
cases that involve black defendants and white victims' – Time to get whitey, at
last, at last, etc., say holder / wobama who go on to say ‘and they ain’t
talking about Whitey Bulger, the mobster, either!’ Postal Service seeking 20
percent staff cut EXCLUSIVE | In cost-cutting bid,
USPS also proposes withdrawing employees from existing health and retirement
plans and creating its own benefit programs. Congress would need to sign off.
(Washington Post) [ I think it’s a great idea. Indeed, 50% would be
substantially better. Even better yet, UPS should take over their entire
operation. After all, UPS is well managed and efficient; and also, very
reliable. On the other hand, the USPS is poorly managed, inefficient, and very
unreliable: October 15, 2010 (*see
infra {ultimately delivered by UPS}) The following
is my comment to an LA Times article regarding a Justice Department cover-up!
As for your inquiry, all I think about day and night is a long overdue
resolution to the RICO litigation as set forth therein:
I believe him!
I truly empathize
with the ATF in terms of government cover-ups, notably by even the DOJ. You’ll
recognize some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has
dual citizenship with Italy), and some familiar crimes (ie., drug money
laundering, etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know
this about the following ATF Agents who were probably viewed as loose ends: Steve
Willis, Robert Williams, Todd McKeahan & Conway LeBleu: Died February 28, 1993 by
gunfire at Waco. All four were examined by a pathologist and died from
identical wounds to the left temple. All four had been body guards for Bill
Clinton, three while campaigning for President and when he was Governor of
Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]
Here’s some
real, complicit cover-up / fraud on the part of the federal government, et als:
October 15,
2010 (*see infra {ultimately delivered by UPS})
Steven M.
Martinez, Assistant Director In Charge
Los Angeles, CA
90024
Dear Sir:
I enclose
herewith 3 copies of the within DVD rom autorun disk (which will open in your
computer’s browser) as per your office’s request as made this day (the disk and
contents have been scanned by Avast, McAfee, and Norton which I’ve installed on
my computer to prevent viral attacks / infection and are without threat). I
also include 1 copy of the DVD as filed with the subject court as referenced
therein (which files are also included on the aforesaid 3 disks in a separate
folder named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the
RICO Act is a criminal statute which provides a civil remedy, including treble
damages and attorney fees, as an incentive for private prosecution of said
claims probably owing to the fact that the USDOJ seems somewhat overwhelmed and
in need of such assistance given the seriousness and prevalence of said
violations of law which have a corrupting influence on the process, and which
corruption is pervasive). A grievance complaint against Coan was also filed
concurrently with the subject action and held in abeyance pending resolution of
the action which was illegally dismissed without any supporting law and in
contravention of the Order of The Honorable Robert N. Chatigny, Chief Judge,
USDC, District Connecticut. The files below the horizontal rule are the
referenced documents as filed. (Owing to the damage to the financial interests
of both the U.S. and the District of Congresswoman Roybal-Allard, viz., Los
Angeles, the Qui Tam provisions of the Federal False Claims Act probably
would apply and I would absent resolution seek to refer the within to a firm
with expertise in that area of the law with which I am not familiar) .
The document in
5 pages under penalty of perjury I was asked to forward to the FBI office in
New Haven is probably the best and most concise summary of the case RICO
Summary to FBI Under Penalty of Perjury at Their Request (5
pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The
correspondence I received from the Congresswoman by way of email attachment
(apparent but typical problem with my mail) along with my response thereto is
included on the 3 disks as fbicorrespondencereyes.htm
. With regard to the calls to the FBI’s LA and New Haven, CT
offices: There was one call to the LA office and I was referred to the Long
Beach, CA office where I personally met with FBI Agent Jeff Hayes to whom I
gave probative evidentiary documents of the money laundering which he confirmed
as indicative of same (he was transferred from said office within approximately
a month of said meeting and his location was not disclosed to me upon inquiry).
The matter was assigned to FBI Agent Ron Barndollar and we remained in touch
for in excess of a decade until he abruptly retired (our last conversation
prior to his retirement related to the case and parenthetically, Rudy Giuliani
whose father I stated had been an enforcer for the mob to which he registered
disbelief and requested I prove it, which I did – he served 12 years in prison,
aggravated assault/manslaughter? – and no, there is no Chinese wall of
separation – Andrew Maloney’s the one that prosecuted gotti).
In
contradistinction to the statement in said correspondence, there is a plethora
of information including evidence supporting the claims set forth in
the RICO VERIFIED COMPLAINT (see infra).
Such includes and as set forth in the case, inter alia,
A judgment had
been entered in my favor in the case, United States District Court Case
#3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of
$300,000 remains unaccounted for and which could be used for payment to
creditors, Los Angeles, etc..
Counsel Robert
Sullivan on my behalf documented by way of certification upon investigation
that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false
statement he predicated a retaliatory and spurious contempt proceeding against
me causing substantial damage, and for which he sought Judicial Notice of those
and related proceedings as did I in some of my filings.
The Order of
Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s
failure to file anything whatsoever by the court’s deadline causing creditors
and me substantial damages: [ Shiff Order of Dismissal With
Prejudice on Coan’s Failure to File
Page 1 Page
2 ]
Defendant Coan
had filed an action against me to prevent me from suing him which necessitated
me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny,
Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief
as to Coan but precluded my action against Shiff (although there is no
immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a
case under Title 11, USC, etc.) . [ transcript in pertinent part
- crossexamofcoanbypeia.pdf ]
Newly appointed
judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case
despite the conflict of interest in light of hundreds of thousands of dollars
of illegal (drug) money being laundered through the Trump casinos by the RICO
defendants, and despite my motion to recuse her which motion she heard herself
and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to
join or file a separate motion to recuse and not long thereafter left said
office for private practice at Cole, Shotz, et als on retainer with the RICO
defendants as his primary client.
Probative and
evidentiary documents, affidavits, exhibits, including those turned over to FBI
Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney
Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in
Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said
documents and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with the
office, that the file/documents could not be located, and that there was no
further information available concerning contacting him or his location. I
thereupon delivered by hand, copies of said documents to the office of then
U.S. Attorney Alito, addressed to him, with assurance they would go directly to
him. In addition to being inept [ I
looked in on the one mob case he had brought, bungled, lost (accidently on
purpose?) since I was suing some mob-connected under RICO and the court (I had
known / previously met outside of court the judge Ackerman through a client)
was absolute bedlam and a total joke since incompetent corrupt Alito brought in
all 20 mob defendants (rather than prosecute one or a few to flip them first)
who feigning illness had beds/cots in the courtroom along with their moans during
testimony and had the jury in stitches. As much as I hate the mob, it truly was
funny, if not so tragic.], Alito is also corrupt (and
maybe corrupt because he is inept). After a reasonable (but still rather short)
time I called to determine the status and was told that Alito was no longer
with the Office of the U.S. Attorney, that he was (appointed) a federal judge,
and that neither the documents nor any file or record of same could be located.
Alito did parley the same / cover-up into quid pro quo direct lifetime
appointment to the Court of Appeals, 3 rd circuit,
despite the absence of judicial experience or successful tenure as U.S.
Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that now
sits on the purported highest court in the land. The real application of the
illegal rule ‘don’t ask, don’t tell’.
There is
applicable insurance / surety coverage and neither LA, nor creditors, nor I
should continue to have been damaged by this brazened corrupt and illegal
scenario, which should be resolved in accordance with the meaningful rules of
law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5 th Street, #404
Los Angeles, CA
90013
(213) 219-****
(cell phone)
(213) 622-3745
(listed land line but there are unresolved problems with the line, computer
connection may be the reason but I hesitate to chance greater non-performance /
worsening by their ‘fix’ so cell phone best for contact).{recent change
323-786-6651 -magic jack}
----------
*The foregoing
and as indicated therein was previously send 9-14-10 but delivery confirmation
was flawed as set forth below and my inquiries to the u.s. postal service
rebuffed (I believe tampered with inasmuch as your office could not locate
same). This cover letter (9-13-10) is on the 3 disks with navigable hyperlinks
to the subject files for ease of reference, including the files in the RICO
action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who
indicates once again that your office has not received the aforesaid and which
can reasonably be presumed to have been tampered with, and hence, a violation
of the federal statute concerning same. (Ultimately delivered by UPS) ]
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has
promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s
Blog / the grim economic reality
[ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has
promised to hold Wall Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
http://www.albertpeia.com
Sincerely and
Regards,
Al Peia
In euro crisis, signs of
German fatigue Politics keep
the chancellor from putting full weight of Europe’s largest economy behind a
solution (Washington Post) [ Yeah … ‘square pegs in round holes’ is definitely
not Germany’s style. European economies brace as
Germany slows Discouraging news about the pace of growth came just
hours before German and French leaders called for new steps to impose
discipline on governments whose lax budget practices prompted the debt crisis.
(Washington Post) [ First, let’s call this economic scenario what it is; viz.,
the ‘d’ word … ‘depression’. For those who find that term unutterable, then
‘double-dip recession’ is the term for you. All the dollar debasement
(over-printing, etc.) for the benefit of the frauds on wall street et als to
the substantial detriment of everyone else can’t change and has exacerbated and
obfuscated this fact. Moreover, there has been a manipulated churn-and-earn
high-frequency trading bubble-bull cycle in what is unmistakably a secular bear
market. Famed economist predicts economic
calamity in 2012. See the evidence.Newsmax
http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 Europe’s crisis and the
psychology of fear (Washington
Post) [ Given the reality and magnitude of Europe’s problems going forward,
dwarfed only by the magnitude of those of pervasively corrupt, defacto bankrupt
america, it brings to mind the words of the former Intel CEO (co-founder) Andy
Grove ‘ Only the paranoid survive’ (of course, having survived the Nazis and
escaped Communist-controlled Hungary in Europe, as a jew, one has to assume his
perspective / outlook was somewhat ‘skewed’ thereby). Yet, let’s not kid
ourselves to the point where virtual survival is threatened and at stake as is
so for the EU. America isn’t alone in the
downgrade spiral (WP) Indeed, the
EU has followed the contra-indicated perma war, evermore worthless Weimar
currency, and a predispositon / tacit acceptance of paper securities schemes /
scams / frauds which are integral to america’s ongoing, albeit obfuscated,
debacle / crisis which given the unfunded debt load pegged at $211 Trillion
among other estimates, is insurmountable and will end quite badly. Poll: Sharp dissatisfaction
with D.C. The public doubts the government can fix the nation’s
economic problems, Post poll shows. An unlikely landlord: Uncle
Sam (WP) [ No
surprise there (the doubts)! Uncle Scam
as landlord? Sounds like a typical scam / fiasco / debacle in the making! Add
limey (brits)-looking (green) frogs (french) to the mix(ed up) in the
pervasively corrupt defacto bankrupt disunited states Italy unveils plan to calm
fears of escalating crisis (WP) [ Yeah, dem piigs were back in the news. ’ Dem PIIGS still
got problems. Europe’s debt crisis threatens
Italy (WP) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it here except the punch
line): ‘That’s black bart’s girl’. Pelosi: ‘We are not Greece’ ( but greecy Italy Italians voice concern
over Italian debt crisis scenario [ Whew! Close call! There you go. Nothing to
worry about now that wobama’s got a boehner … so not to be so hard on them; if
pelosi says it, it must be true … Not! …Pervasively corrupt, defacto bankrupt
america, they, she look pretty greecey to me. After all, if the same’s wobama’s
‘far-reaching plan on debt’, we all know ‘wobama the b’ (for b***s***) is total
b***s*** which means like Greecey PIIGS they’ll be back to the trough for more
… slop … py. Deficits And Stimulus Only
Delay The Inevitable Collapse Bob Chapman | America is
insolvent and has been so for a long time. US Is in Even Worse Shape
Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘ USA INCOME STATEMENT :Total federal spending in 2010 amounted to $3.456 trillion. Total
receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294
trillion.The 2011 federal budget is $3.7 trillion with a projected deficit
of$1.6 trillion. … USA BALANCE SHEET : Consensus estimates for unfunded obligations vary. Mary Meeker pegs the
shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to
be $75 trillion, while other estimates exceed $100 trillion (these amounts are
insurmountable) …’ Famed economist predicts economic calamity
in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 Watch for fake gov’t data / reports owing
to political desperation! Why You Shouldn't Buy Into
This Plunge Forbes/ O'Neil‘The market is building momentum
to the downside’. Wall Street closes worst week since '08 with wild day NEW YORK
(Reuters) S&P on U.S. downgrade:
Debt pact 'falls short' - Reuters S&P downgrades US credit rating from AAA S&P Shocks the U.S. with Credit
Downgrade to AA+ from Prestigious AAA Rating Wall St. Cheat
Sheet What Recovery? Forbes ‘…we can’t call this a recovery. There’s no
reason to celebrate when a job report was better than expected. Why? Because
the expectation was abysmal to begin with. And while we’re at it, we can’t
ignore increasing sovereign debt problems in Europe…’ ‘Top 3 Reasons Markets Erased
the Year’s Gains Wall St. Cheat Sheet
1) Japan and Europe 2) Unemployment.3) Capital goods - billions of
dollars in lost revenue. Financial Crisis Phase II Is
Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown , predicting the global crisis that occurred the following year. I now
see a similar confluence of events that warns of phase II of the global
crisis… My work shows that “the new recession has started.”… Over the past 33
years, we have called the start of every recession, often on the exact month,
or within one month, of the official start as determined one year later by the
official arbiter of recession, the National Bureau of Economic Research (NBER)…
However, inflation is far understated for political reasons. Currently, the GDP
deflator is 1.8%, which hardly reflects the true rise in prices. Therefore,
what is counted as “growth,” is actually price increases. Actual inflation, according
to free market economists who calculate inflation as it was done in 1980 before
the politician re-engineered it, is now more than 11%. Using that to adjust GDP
for inflation, would show that the economy is now in a very sharp
contraction…’FLASHBACK HERE: Selling In May Is Very Good
Advice This Year Harding
Remember: Sell in May and
Go Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards:
Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER: We're Still In A
Massive Bear Market And Stocks Will Crash To New Lows Stock Market: 4 Current
Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling.
At 565 sells for every 1 buy, it’s never been higher.
Will: Is Britain a lost ally? (Washington Post) [ How ‘bout just lost!
And, while on the subject of lost, pervasively corrupt, defacto bankrupt america
should tell the so-called (self-interested to america’s detriment) ‘ally’
israel to get lost!
David Starkey On
UK Riots: ‘Whites Have Become Black’ You Tube | “A particular sort of
violent destructive, nihilistic gangster culture has become the fashion.” [ Britain burns the colour
of ' A
Clockwork Orange ' Financial Times [ Truly a great film by
any cinematic standard by Stanley Kubrick based on the book of the same name by
Anthony Burgess, ‘ A Clockwork Orange takes place in a futuristic city
governed by a repressive, totalitarian super-State. In this society, ordinary
citizens have fallen into a passive stupor of complacency, blind to the
insidious growth of a rampant, violent youth culture. The protagonist of the
story is Alex, a fifteen-year-old boy who narrates in a teenage slang called nadsat , which
incorporates elements of Russian and Cockney English. Alex leads a small gang
of teenage criminals—Dim, Pete, and Georgie—through the streets, robbing and
beating men and raping women. Alex and his friends spend the rest of their time
at the Korova Milkbar, an establishment that serves milk laced with drugs, and
a bar called the Duke of New York… http://www.sparknotes.com/lit/clockworkorange/summary.html http://en.wikipedia.org/wiki/A_Clockwork_Orange_%28film%29 ‘A Clockwork Orange is a 1971
British darkly satirical science fiction film adaptation of Anthony Burgess 's 1962 novel of the same name . This cinematic adaptation was
produced, directed, and written by Stanley Kubrick . It features
disturbing, violent images, to facilitate social commentary about psychiatry,
youth gangs, and other contemporary social, political, and economic subjects in
a dystopian , future
Britain. Alex ( Malcolm
McDowell ), the main character is a charismatic, psychopathic
delinquent whose pleasures are classical music (especially Beethoven ), rape, and so-called 'ultra-violence'. He leads a small
gang of thugs (Pete, Georgie, and Dim), whom he calls his droogs (from the
Russian друг, "friend", "buddy").
The film tells the horrific crime spree of his gang, his capture, and attempted
rehabilitation via a controversial psychological conditioning technique. Alex
narrates most of the film in Nadsat , a fractured,
contemporary adolescent slang comprising Slavic (especially
Russian), English, and Cockney rhyming slang . A Clockwork Orange features a
soundtrack comprising mostly classical music selections and Moog synthesizer compositions
by Walter Carlos . The
now-iconic poster of A Clockwork Orange , and its images, were created by
designer Bill Gold . The film also
holds the Guinness World Record for being the first film in media
history to use the Dolby Sound system ‘ ]
Meyer: Why aren’t Americans
rioting? (Washington Post) [ It
really is quite surprising inasmuch as they’re getting quite a royal screwin’
from the so-called ‘powers that be’. There might be a tinge of masochism
coupled with a feeling of punishment-deserved remorse in light of the
overridingly inherent criminal nature of americans generally, propelling them
to wrongful acts for which they should be sorry, based upon my own experience
and direct observation. That said, I’d also say ‘give them time’, the worst is
yet to come. Moreover, we’re already seeing it, and not just in britain,
greece, italy, etc., but here in the pervasively corrupt, defacto bankrupt
disunited states of america; viz., detroit, chicago, philadelphia, etc., with
predictions consistent with the reality of much worse to come. Europe’s crisis and the
psychology of fear (Washington
Post) [ Given the reality and magnitude of Europe’s problems going forward,
dwarfed only by the magnitude of those of pervasively corrupt, defacto bankrupt
america, it brings to mind the words of the former Intel CEO (co-founder) Andy
Grove ‘ Only the paranoid survive’ (of course, having survived the Nazis and
escaped Communist-controlled Hungary in Europe, as a jew, one has to assume his
perspective / outlook was somewhat ‘skewed’ thereby). Yet, let’s not kid
ourselves to the point where virtual survival is threatened and at stake as is
so for the EU. America isn’t alone in the
downgrade spiral (WP) Indeed, the
EU has followed the contra-indicated perma war, evermore worthless Weimar
currency, and a predispositon / tacit acceptance of paper securities schemes /
scams / frauds which are integral to america’s ongoing, albeit obfuscated,
debacle / crisis which given the unfunded debt load pegged at $211 Trillion
among other estimates, is insurmountable and will end quite badly. Poll: Sharp dissatisfaction
with D.C. The public doubts the government can fix the nation’s
economic problems, Post poll shows. An unlikely landlord: Uncle Sam (WP) [ No surprise there (the doubts)! Uncle Scam as landlord? Sounds like a
typical scam / fiasco / debacle in the making! Add limey (brits)-looking
(green) frogs (french) to the mix(ed up) in the pervasively corrupt defacto
bankrupt disunited states Italy unveils plan to calm
fears of escalating crisis (WP) [ Yeah, dem piigs were back in the news. ’ Dem PIIGS still
got problems. Europe’s debt crisis threatens
Italy (WP) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it here except the punch
line): ‘That’s black bart’s girl’. Pelosi: ‘We are not Greece’ ( but greecy Italy Italians voice concern
over Italian debt crisis scenario [ Whew! Close call! There you go. Nothing to
worry about now that wobama’s got a boehner … so not to be so hard on them; if
pelosi says it, it must be true … Not! …Pervasively corrupt, defacto bankrupt
america, they, she look pretty greecey to me. After all, if the same’s wobama’s
‘far-reaching plan on debt’, we all know ‘wobama the b’ (for b***s***) is total
b***s*** which means like Greecey PIIGS they’ll be back to the trough for more
… slop … py. Deficits And Stimulus Only
Delay The Inevitable Collapse Bob Chapman | America is
insolvent and has been so for a long time. US Is in Even Worse Shape
Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘ USA INCOME STATEMENT :Total federal spending in 2010 amounted to $3.456 trillion. Total
receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294
trillion.The 2011 federal budget is $3.7 trillion with a projected deficit
of$1.6 trillion. … USA BALANCE SHEET : Consensus estimates for unfunded obligations vary. Mary Meeker pegs the
shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to
be $75 trillion, while other estimates exceed $100 trillion (these amounts are
insurmountable) …’ Famed economist predicts economic
calamity in 2012. See the evidence.Newsmax
http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 Watch for fake gov’t data / reports owing
to political desperation!
Will: Kennedy’s Berlin blunder
(Washington Post) [ Oh come on Mr.
Will! I’d say Kennedy’s blunder was, as
Caesar and the ides of March, not heeding warnings concerning that Dallas ride.
A bit of a reach though factually accurate are the implications, consequences
of those highlights which in terms of results were foreseen years before by
‘Warrior-General Patton’. Indeed, for the rising military industrial complex,
one way or another, conflict whether hot or cold, requiring substantial defense
spending was fait accomplis. I’m disappointed to hear of Kennedy’s unfounded
criticism of the last great leader / president, the substantially underrated
but great President General Eisenhower which I would attribute to Kennedy’s own
insecurity regarding such matters and possibly in psychiatric terms, a form of
displacement. Krauthammer: Our political
system is working well (Washington Post) [ Wow! There was a time back in the late
sixties, early seventies when there were these long-haired people chastised by
the so-called ‘establishment’ that would have just loved to be doin’ whatever
it is that Mr. Krauthammer’s been doing to arrive at such a conclusion, so
glaringly devoid of any reality whatsoever. Psychedelics, hallucinogens, magic
mushrooms; what could it be that has brought Mr. Krauthammer into this fantasy
world where even ‘Alice’ of Wonderland fame might feel comfortable in this
netherland (sic) / netherworld created from the depths of Mr. Krauthammer’s
imagination. I’m truly at a loss for words. After all, the warning by the
underrated but great President General Eisenhower of the impending inherent
danger of the military industrial complex came to fruition with the
assassination of JFK and the reality of a coup d’etat thereby. All presidents,
along with the two remaining branches of the pervasively corrupt, defacto
bankrupt american government since have been at best stooges for such as the
military industrial complex, the banksters / frauds on wall street, etc., to
the substantial detriment of the vast majority in this country and throughout
the world (ie., perma wars, huge securities frauds still extant / now marked to
anything as per congressional FASB rule change, and unprosecuted. Beyond the
immediate reach, or at least ‘penetration’ of american propaganda, an
intelligent and astute individual, Legendary Investor Jeremy
Grantham: America is a Banana Republic Washington’s
Blog | Just different bananas perhaps? { Of course this is absolutely true!
And not just from the meaningfully lawless perspective – I had made such a statement
on the record in a LA Superior Court Appellate Dept. proceeding in which said
court literally ignored the law (the same is true of the costly, plushly
accoutered lifetime appointee federal courts) which courts should indeed be
abolished in these difficult economic / budgetary times. Additionally, from
pervasive corruption, to debased over-printed currency, to gunboat diplomacy,
to total incompetence, etc., america is indeed a banana republic at most.
} I didn’t see the debates {what does
it matter what they say – the egregious ‘wobama the b’ (for b***s***) fatigue
factor / experience} nor have I read Mr. Robinson’s article, ‘ GOP Debate Land ’ but I’m sure
I’d agree with his conclusion, ‘I
didn’t recognize the America the GOP candidates described;’ but unfortunately,
I do recognize the pervasively corrupt, defacto bankrupt america of ‘wobama the
b’ (for b***s***), failed president like his predecessor, moron war criminal
dumbya bush, that he is. The powerless president Obama remains indecisive, and ignored, as
larger forces bring down the country. Robinson: S&P downgrades
the GOP (WP) [
Riiiiight! It’s everything but ‘wobama the b’ (for b***s***) that’s to blame
for the nation’s meltdown according to wobama aficionados / intractable wobama
apologists, Messieurs Milbank and Robinson. Sweet Mr. Milbank even points to
wobama’s personal character flaws (among many unmentioned) to exculpate the
failed president wobama. Wobama’s failed miserably and yet had the easiest act
in the world to follow in the persona of fellow failed president war criminal
dumbya bush whose failed policies up to the real start of the election cycle
he’s largely followed. After all, Mr. Robinson, how different really are the
parties these days when profligate spending on illegal, unnecessary wars was
continued when democrats controlled congress, and then even the executive
office when continuing failed president and war criminal dumbya bush’s nation
bankrupting, nation destroying war policies, protection for unprecedentedly
huge wall street frauds, bush tax cut extensions for the wealthy, and then some
(spending on top of it). Drudgereport: HARRY BELAFONTE: Obama 'has failed'... NOONAN: 'HE IS A LOSER'... GALLUP: 40% APPROVAL...
Obama takes debt battle to TWITTER, loses more than
33,000 followers... FARRAKHAN: 'THAT'S A MURDERER IN THE WHITE HOUSE'...
Most importantly, realize that if
wobama’s actions had not belied his words/campaign promises, the nation’s
position, though still ominous, would have been substantially improved. Poll: Sharp dissatisfaction
with D.C. The public doubts the government can fix the nation’s
economic problems, Post poll shows. An unlikely landlord: Uncle
Sam (Washington
Post) [ No surprise there (the doubts)!
Uncle as landlord? Sounds like a typical scam / fiasco / debacle in the
making! Add limey (brits)-looking (green) frogs (french) to the mix(ed up) in
the pervasively corrupt defacto bankrupt disunited states Italy unveils plan to calm
fears of escalating crisis (Washington Post) [ Yeah, dem piigs were back in the news. ’ Dem PIIGS still
got problems. Europe’s debt crisis threatens
Italy (WP) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it here except the punch
line): ‘That’s black bart’s girl’. Pelosi: ‘We are not Greece’ ( but greecy Italy Italians voice concern
over Italian debt crisis scenario [ Whew! Close call! There you go. Nothing to
worry about now that wobama’s got a boehner … so not to be so hard on them; if
pelosi says it, it must be true … Not! …Pervasively corrupt, defacto bankrupt
america, they, she look pretty greecey to me. After all, if the same’s wobama’s
‘far-reaching plan on debt’, we all know ‘wobama the b’ (for b***s***) is total
b***s*** which means like Greecey PIIGS they’ll be back to the trough for more
… slop … py. Deficits And Stimulus Only
Delay The Inevitable Collapse Bob Chapman | America is
insolvent and has been so for a long time. US Is in Even Worse Shape
Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘ USA INCOME STATEMENT :Total federal spending in 2010 amounted to $3.456 trillion. Total
receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294
trillion.The 2011 federal budget is $3.7 trillion with a projected deficit
of$1.6 trillion. … USA BALANCE SHEET : Consensus estimates for unfunded obligations vary. Mary Meeker pegs the
shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to
be $75 trillion, while other estimates exceed $100 trillion (these amounts are
insurmountable) …’ Famed economist predicts economic
calamity in 2012. See the evidence.Newsmax
http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 Watch for fake gov’t data / reports owing
to political desperation! Why You Shouldn't Buy Into
This Plunge Forbes/ O'Neil‘The market is building momentum
to the downside’. Wall Street closes worst week since '08 with wild day NEW YORK
(Reuters) S&P on U.S. downgrade:
Debt pact 'falls short' - Reuters S&P downgrades US credit rating from AAA S&P Shocks the U.S. with Credit
Downgrade to AA+ from Prestigious AAA Rating Wall St. Cheat
Sheet What Recovery? Forbes ‘…we can’t call this a recovery. There’s no
reason to celebrate when a job report was better than expected. Why? Because
the expectation was abysmal to begin with. And while we’re at it, we can’t
ignore increasing sovereign debt problems in Europe…’ ‘Top 3 Reasons Markets Erased
the Year’s Gains Wall St. Cheat Sheet
1) Japan and Europe 2) Unemployment.3) Capital goods - billions of
dollars in lost revenue. Financial Crisis Phase II Is
Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown , predicting the global crisis that occurred the following year. I now
see a similar confluence of events that warns of phase II of the global
crisis… My work shows that “the new recession has started.”… Over the past 33
years, we have called the start of every recession, often on the exact month,
or within one month, of the official start as determined one year later by the
official arbiter of recession, the National Bureau of Economic Research (NBER)…
However, inflation is far understated for political reasons. Currently, the GDP
deflator is 1.8%, which hardly reflects the true rise in prices. Therefore,
what is counted as “growth,” is actually price increases. Actual inflation, according
to free market economists who calculate inflation as it was done in 1980 before
the politician re-engineered it, is now more than 11%. Using that to adjust GDP
for inflation, would show that the economy is now in a very sharp
contraction…’FLASHBACK HERE: Selling In May Is Very Good
Advice This Year Harding
Remember: Sell in May and
Go Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards:
Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER: We're Still In A
Massive Bear Market And Stocks Will Crash To New Lows Stock Market: 4 Current
Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling.
At 565 sells for every 1 buy, it’s never been higher. Is Obama’s fate written in
numbers? Recent economic data amounts to a formidable headwind
for any incumbent president hoping for a second term. And Democrats worry time
is running out. (Washington Post) [ Let’s just say the fate of ‘wobama the b’
(for b***s***) is written, period. Quite simply, he’s done! Here’s a picture of
obama voters / backers: http://www.albertpeia.com/wobamavoters.gif . ‘Don’t cry for him new argentina, the
truth is he really screwed you’ … well you know that familiar theme and can ad
lib, insert your own words! It’s still Obama’s party Why he won’t
face a primary challenge: Republicans and racial politics. (Washington Post)
[ It’s true … so right you are! Al Gore’s
even pitchin’ in by donating the talents of his long lost secret love child,
‘Leslie Gore’ to pen and sing a song in wobama’s honor (kidding) which goes
something like this , ‘It’s his party and he’ll cry if he wants to, cry if he
wants to, cry if he wants to, you would cry too, if obama happened to you …
Well, there you go … if the song says it it must be true. Yeah! And
those dern republicans and their racial politics … UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims' – Time to get whitey, at last, at
last, etc., say holder / wobama who go on to say ‘and they ain’t talking about
Whitey Bulger, the mobster, either!’
MI6 produced bogus Iraq war
evidence under pressure from Downing Street Daily Mail | Iraq had long been a backwater for
MI6.
NATO Massacres of Civilians
Aimed at “Cleansing” the Libyan People’s Resistance Mahdi Darius Nazemroaya | Photographic
evidence of NATO war crimes.
NATO urged to investigate
civilian deaths during Libya air strikes Amnesty International | Amnesty
International wrote to the NATO Secretary General asking for clarification on
incidents in which unarmed civilians were reportedly killed.
U.S. and NATO
Arming Syrian Opposition, Plan Military Strike Kurt Nimmo | Now the Iranians are reporting that NATO is sending large
arms caches to Syrians resisting the al-Assad regime.
Democrats want a bolder Obama The president’s
allies are getting nervous about what they see as the lack of a coherent
strategy. (Washington Post) [ Well, tell it to the teleprompter. Without a head
per se, at least no one could say as with ‘wobama the b’ (for b***s***) that
the teleprompter was in over its head. Bolder b***s*** is still b***s***! ]
Gallup: Disapproval of Obama
Ties All-Time High CNS News | American’s
approval of President tied its all-time low of 42 percent.
Bristol
Palin Interview Accidentally Reveals Mother's 15 Abortions www.theonion.com WASILLA, AK—Sarah Palin's political team was forced to do emergency damage
control Monday after the former Alaska governor's daughter Bristol accidentally
divulged on live television that her mother has undergone at least 15 abortions
over the past 30 years. "She's always telling me how special I am,
especially considering the five or six babies she aborted before I was
born," Palin, 20, said during a CNN interview in which she was asked if
she thought her mother would make a good president. "Then of course there
were the twins she aborted shortly after having me, another four abortions
after Willow somehow survived hers—but anyway, she's a wonderful mom. She just
gets pregnant a lot and doesn't always want to have the baby." Palin also
commended her mother's strength in carrying three babies with Down syndrome to
term, and then even choosing not to give Trig up for adoption like the others.
Taliban who downed U.S. copter
killed U.S. officials say Taliban fighters
who shot down a helicopter with 30 U.S. troops were killed in airstrikes
(Washington Post) [ Oh come on! The Taliban don’t even know who among them
downed the u.s. killer copter! Great propaganda, ‘u.s. gi’s always get their
man’. Doesn’t anyone get tired of their endless b***s*** in their end run to
the end? After all, the nation is defacto bankrupt in large part as a direct
consequence of these ‘military-industrio-inferiority-complex’ follies / welfare
warfare programs. Then there’s the cocomitant typical skullduggery which
includes inter alia :
Same ritual, a changed
president This time, President Obama traveled to Dover Air Force
Base to greet the remains of Americans he had ordered to Afghanistan himself. Some victims of crash are
identified (Washington Post)
[ Changed? I think we could all agree that despite campaign promises to the
contrary, nothing’s changed; except, pervasively corrupt defacto bankrupt
america is more hopelessly bankrupt and the dismal economic picture has become
more dour.
FLASHBACK:
Eyewitness to OBL Raid Saw Helicopter Explode (TRANSCRIPT) [ As indicated
on this albertpeia.com website, I didn’t buy the administration’s desperate and
politically opportunist Osama event and still don’t buy it; and further, I
believe this! ] Veterans Today | TRANSCRIPT of critical
interview with Pakistani eyewitness to Bin Laden raid. Is this the key to SEAL
Team 6′s demise?
“Bin Laden”
Heroes Probably Murderered to Keep Them Quiet Gordon Duff
Veterans
Today August 7, 2011 | Some Possibly Killed in Abbottabad
Helicopter Crash Months Before. [ As indicated on this albertpeia.com website,
I didn’t buy the administration’s desperate and politically opportunist Osama
event and still don’t buy it; and further, I believe this! ] Today 31 NATO
troops, 20 of them Navy Seals from the Osama bin Laden operation died in what
is reported as a helicopter crash in Afghanistan.
‘The
chance of this story being true is almost nil. The chances of this being a
staged coverup is over 80%. We believe these people were murdered to silence
them. This is why.
We
have solid information on two areas:
1. Osama bin Laden died in 2001 as an active CIA
employee and his body was recovered in Afghanistan and taken to “the sand box.”
We were told it was frozen. We have so much verification from this, CIA, ISI,
US military and top officials. I have a direct confirmation from Bin Laden’s
CIA handler who I grilled mercilessly on this.
2. The Abbottabad operation involved numerous
American deaths, witnessed, bodies all over, a helicopter crash. (suppressed
translated TV interview below) These bodies were recovered by land vehicle from
Islamabad and there was NO “successful” bin Laden operation of any kind. There
was and has been a CIA safe house in Abbotabad where terror suspects were
stored for years.
This gave the US several areas of severe
vulnerability. Generally, Navy Seals are the best people in the world at
keeping their mouths shut, these are real team players, as the term “Seal Team”
belies.
We at VT were informed that the bin Laden operation
was staged at this time, a theatrical farce, to cover the exit of Secretary
Gates, the move by former CIA Director Leon Panetta into the DOD as Secretary
of Defense and to stem any heroic claims by new CIA Director Petraeus of
killing the long dead Osama bin Laden, the long frozen CIA operative.
Petraeus is a possible presidential
contender and had to be denied this “gift from heaven,” a fast track to the
oval office for sure.
Again,
I remind you, I went over specific meetings on bin Laden with his handlers,
getting every last detail. I have watched what has gone on, the continuing need
to vilify a long dead top CIA operative to provide residual cover for the Bush
administration…
The
reason? Bush and his cronies are all facing charges of war crimes, not just in
minor jurisdictions but heading for the ICC, putting them on the dock with
Gaddafi ( a far less harmful character).
As for
the timing of this incident? This we will work on. What we can easily surmise
is that some of the dead have been dead since their bodies were taken away from
the helicopter crash site in Abbotabad.
Who
would order such a thing? We are going to have to wait but we are going to find
out. However, we expected this, the timing is exactly as predicted. Read full
article ‘
World at War Alex Jones'
Infowars: There's a war on for your mind! Veterans Today | TRANSCRIPT of critical interview with Pakistani eyewitness to Bin Laden
raid. Is this the key to SEAL Team 6′s demise? ...
Deaths of SEAL Team 6 Exposed
Aaron Dykes & Alex Jones | We predicted shortly after
the raid on bin Laden’s compound that SEALs would soon be reported dead in a
helicopter crash or staged incident following multiple reports from military
sources.
SEAL Unit
Supposedly Responsible for Osama Hit Killed in Copter Crash Kurt Nimmo | Is it possible the Pentagon took out the helicopter to send a
message to the SEALs, just in case some of them decide (like Pat Tillman did)
to tell the truth?
Questions raised
by the SEAL Team 6 deaths in Afghanistan Madison Ruppert | It took minutes before the Internet was ablaze with
chatter about the deaths of these American commandos. Tea Party hypocrisy Fueled by
populist anger, but hijacked by plutocrats. (Washington Post) [ Ah, sweet Mr.
Milbank. His love for wobama knows no bounds. Yet, given the choice between
hypocrisy and inveterate lying, assuming arguendo, Mr. Milbank’s premise to be
true (doubtful and I think most would say no), most would take hypocrisy any
day. By now, most have realized that at best wobama’s a b***s*** artist, and at
worst, an incorrigible liar; certainly as measured by his campaign promises
that got him elected, belied by his actions. If Mr. Milbank had only said the
nation’s been hijacked by plutocrats to whom wobama’s paid homage, I’d
certainly agree in part. After all, there has been and continues a huge wealth
transfer at the expense and to the detriment of the middle class, to the
substantial benefit of the ‘plutocrats’ who in america are of that small
percentile criminal class for whom everyone else must (and must be)
sacrifice(d), ie., the wall street frauds, military industrial complex,
government contractors, etc.. And, yet another casualty … if wobama’s
peace-prize is not revoked, then that ignoble nobel thing should be disbanded
for lack of credibility and moral compass.
Deal fails to soothe foreign
critics (Washington
Post) { Let’s not kid outselves! I consider Russia a rational, great nation
(their painful, yet peaceful transition from their mistake is a testament to
their greatness as a people / nation and Gorbachev particularly – China’s
recent success is as far from communism as can be imagined) and have high
regard for Putin though lamenting his youthful, albeit inherited indiscretion
(kind of like that Tiger hunt which he’s now wisely disavowed) in dabbling in
the failed system of communism (the great lie where everybody’s equal except
some are more equal than others, ie., party members, bureaucrats, etc., kind of
like america today with the addition of the plutocratic wealthy thieves,
criminals, frauds, etc.). That said, most of these so-called ‘foreign critics’
fall predominantly into either of two categories; viz., ‘pots calling the
kettle black’, or ‘enablers’. Putin Calls U.S. a “Parasite,”
Demands New Reserve Currency Activist Post The powerless president Obama remains indecisive, and ignored, as
larger forces bring down the country. Robinson: S&P downgrades
the GOP (Washington
Post) [ Riiiiight! It’s everything but ‘wobama the b’ (for b***s***) that’s to
blame for the nation’s meltdown according to wobama aficionados / intractable
wobama apologists, Messieurs Milbank and Robinson. Sweet Mr. Milbank even
points to wobama’s personal character flaws (among many unmentioned) to
exculpate the failed president wobama. Wobama’s failed miserably and yet had
the easiest act in the world to follow in the persona of fellow failed
president war criminal dumbya bush whose failed policies up to the real start
of the election cycle he’s largely followed. After all, Mr. Robinson, how
different really are the parties these days when profligate spending on
illegal, unnecessary wars was continued when democrats controlled congress, and
then even the executive office when continuing failed president and war
criminal dumbya bush’s nation bankrupting, nation destroying war policies,
protection for unprecedentedly huge wall street frauds, bush tax cut extensions
for the wealthy, and then some (spending on top of it). Drudgereport: HARRY BELAFONTE: Obama 'has failed'... NOONAN: 'HE IS A LOSER'... GALLUP: 40% APPROVAL...
Obama takes debt battle to TWITTER, loses more than
33,000 followers... FARRAKHAN: 'THAT'S A MURDERER IN THE WHITE HOUSE'...
Most importantly, realize that if
wobama’s actions had not belied his words/campaign promises, the nation’s
position, though still ominous, would have been substantially improved.
White House turns attention to
blacks Focus comes amid a growing concern that economic conditions
might hamper black voter turnout. (Washington Post) [ As if we couldn’t see
that coming. Yet, the ‘make-work, make-shift’ jobs already extant in the
federal, state, local ‘public service’ sectors along with the otherwise
unemployable at, ie., the u.s. postal service, etc., are uneconomic and overly
costly (Drudgereport: Obama Economists Admit: 'Stimulus' Cost $278,000 per
Job... at best and downright wasteful at worst, the latter
being the most prevalent scenario. Moreover, despite the rhetoric, blacks will
always ‘back the black’. No criteria. No analysis. ‘Back the black’ their
despoiling cry. I think wobama and holder are probably more concerned with
making sure the ‘black panthers’ are in full force at the polls to intimidate
white voters, which racism they’ve given ‘carte blanche’, protection from
prosecution … UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims '. With wobama et als, the
jive-talking b***s*** never ends! N.Y. bumped from foreclosure
panel Iowa’s attorney general says N.Y. official “actively
worked to undermine” group’s efforts in foreclosure negotiation with banks.
(Washington Post) [ Yeah! No surprise here! Yet new jersey’s ‘representative’
would have been equally disingenuous in corruptly carry out his / her duties,
so ‘doody-full’ are they, from there! Sen. Chuck Grassley “It doesn’t make sense
that an agency responsible for investigations would want to get rid of
potential evidence…’ [ Oh but it does make sense Sen. Grassley: Report: SEC lawyer exposed FBI
informant (WP) [ Clearly, the sec liar (sic – lawyer) is one of
those typically with a ‘pre or post’ arrangement, whether implicit or explicit;
you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto
bankrupt, fallen america. Indeed, the
scenario typifies that national drain / sinkhole new york (new york / new
jersey metro) where, for example, FBI informants were routinely exposed by
‘italians’ in the new york d.a.’s office over the objection of the FBI, and
were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this
was documented with authority in the book ‘Goombata: The Improbable Rise and
Fall of John Gotti and His Gang’ Cummings / Volkman
] Details of Obama’s jobs plan
emerge (Washington Post) [
Oh come on! Too little, too late for ‘wobama the b’ (for b***s***), the
eternal campaign(er) … he’s got a ‘good rap’ … that rapper ‘wobama the b’ (for
b***s***). Really! He’s a total
embarrassment out there on the campaign trail; and just as much an
embarrassment for those who turn out to see him … maybe he’s somewhat of an
allure as in a freak show. He’s a total joke! To be finally talking jobs and
things just before the election having broken previous campaign promises in his
failed role as ‘bush failure 3’. Even his pension is undeserved so much a fraud
is he! Black caucus: Tired of making
excuses for Obama [ They are not alone! ] Washington Examiner | A key member
of the Congressional Black Caucus says they don’t pressure President Obama
because he is loved by black voters. Obama ‘Takes
More Vacations Than Any Human Being I’ve Ever Seen’ Fox News |
“Here we have a country that really is going to hell in a handbasket.” Bus Tour Bust:
Obama’s Approval Plummets Back Into 30s, Says Gallup CNS News |
Obama’s politically charged but taxpayer funded bus tour through the Midwest
turned into a bust yesterday. Disapproval of
Congress Hits All Time High of 84%
Drudgereport: BLACK CAUCUS ON OBAMA: 'WE'RE GETTING
TIRED' ]New low of 26% approve of Obama on
economy... Inflation builds... FOOD PRICES RISING... UNEMPLOYMENT UP... OBAMA TO LAY OUT JOBS PLAN -- AFTER VACATION... 'Takes More Vacations Than Any Human Being I've Ever
Seen'... Commiserates with jobless, then off to the
Vineyard...
Even that italian, belafonte, isn’t buying ‘wobama brand(ed)’:
Drudgereport: HARRY BELAFONTE: Obama 'has failed'... NOONAN: 'HE IS A LOSER'... FARRAKHAN: 'THAT'S A MURDERER IN THE WHITE HOUSE'... Most importantly, realize that if wobama’s actions had
not belied his words/campaign promises, the nation’s position, though still
ominous, would have been substantially improved.
What’s Apple without Steve
Jobs? Jobs has the
knack of knowing what people want before they do. Can Apple stay ahead of the
curve? (Washington Post) [ Without disparaging the company nor the remaining
employees, what can be said of Apple with certainty in response the foregoing
question is: ‘LESS’. That said, there couldn’t have been a more propitious time
for the great (without even a tinge of sarcasm – among the relatively few great
CEO’s in corporate history) Steve Jobs to leave. Steve Jobs resigns from Apple, Cook becomes CEO - SAN FRANCISCO (Reuters) - Silicon Valley legend Steve Jobs on
Wednesday resigned as chief executive of Apple Inc in a stunning move that
ended his 14-year reign at the technology giant he co-founded i... [ Far more
than just a ‘Silicon Valley legend’, Steve Jobs literally saved Apple from
extinction … I’m truly glad he saved Apple, my first computer (1986 - apple IIc
for word processing / data based records / forms / templates / data which I
interfaced with an electric typewriter for letter quality) and for that all
should be thankful. Apple is the Nasdaq (40% weighting) and quite more, that
now was! That’s past tense. Steve Jobs goes out a big winner as indeed he
should! Yet, make no mistake, as one might expect, his timing was impeccable
inasmuch as without his uniquely inspired innovation, competition moving in,
and particularly the coming debacle / crisis the worst of which lies ahead,
things are not looking up, in and for pervasively corrupt / defacto bankrupt
america particularly, euphemistically speaking. ] End Of Cycle Smelling Like Dow 3K,
Gold 3K … ‘Our view [ the correct view ] is
that the bear market began in January 2000. The feds fought it off with two
huge extravaganzas of spending — the first beginning in 2001 the other after
2008. Stimulus does wonders for stock prices but it no longer works for the
economy that sustains them. For every dollar that the Fed has put to work to
fight the crisis since 2008, for example, it has produced only 80 cents worth
of GDP. It didn’t work……that the recession of ’08-’09 in the US never actually
ended……and that stocks will go down over the next 5-10 years until they finally
hit a real bottom…’
Robinson: King’s dream remains
unrealized (Washington Post)
[ Yeah! That ‘content of their character’ thing’s a b***ch to live up to … just
don’t measure up! What’s a white person to do, especially when black atty.
General Holder with fellow black Obama’s tacit approval is racist himself
(themselves) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims '. Drudgereport: 'Mob' beatings at WI state fair... 'Hundreds of young black people beating white
people'... [ Typical… ] Fairgoers 'pulled out of cars'... 'They were just going after white people'... Heightened security...
[ .. (the
following incident is my personal experience: black perps, white victims)‘..
while walking through Military Park (a sliver of a “park” - more a pedestrian
thoroughfare/cement walks) in newark, new jersey on the way to the bank during
lunch hour, I heard the clearly audible screams/cries of what turned out to be
an old lady on the ground with blood streaming from her mouth. I ran toward the
sound of the cries, the source of which I could not see because there were so
many people in and about this thoroughfare so as to block any vision of the
source of the cries. When I came to the woman, on the ground, blood streaming
from her mouth, I asked what happened, to which she responded she had been hit
in the mouth and knocked to the ground, her purse stolen/put inside her
shopping bag, and she pointed out the criminal casually now walking across the
main street. Nobody stopped to help her, many having passed her by. I slammed
the thug to the ground so hard that, in light of all the blood and confusion
(limbic system / adrenalin flow) I thought I had been stabbed (the blood was
from his elbows hitting the pavement so hard - no one helped / a crowd gathered
/ an undercover cop happened along). When I testified at the Grand Jury
Proceeding I made sure his threat on my life was set forth in prima facie
fashion so as to maximize the DA’s position with both felonies ( he went to
prison – pled out ). The other case I wrote about here ( This was included on
my website in the Psychology forum discussion of ‘bystander effect’ / diffusion
of responsibility. ) - Having had occasion to have run down a mugger in newark,
n.j. who apparently had followed a girl from the bank on her way to the bursar
to pay tuition, though in pretty good shape, I was astounded by how totally
exhausting such a pursuit was, how much like rubber my arms were when I traded
punches with the perpetrator, and truth be told, if I had a flashlight on my
belt, I have little doubt that I would have probably used it to subdue the perp
(a police officer here in California was the object of intense criticism for
having used a flashlight to subdue a criminal after a long chase so I included
that here) . The girl was not that seriously injured, did get her pocketbook
and tuition back, and the criminal went to jail (where they belong). The other
thing about such a pursuit that amazed me was that no one else assisted the
girl or me despite being in a position to do so. I was also mugged by 4 blacks
and 2 hispanics in an incident here in Los Angeles, CA. But, to be fair and
balanced, the RICO litigation involves those uncivilized who consider
themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). ]
Banks are dimming Europe’s
outlook Still restructuring after the 2008 crisis, euro-zone
banks face new concern about their stability. (Washington Post) [ And not just
europe’s outlook … How stable is the banking
industry? . (Washington Post) [ Not too! … as if anyone should need
remindin’! After all, a depression is
that ‘lowering tide that grounds all boats’ (the converse of that word picture
I like to use in analysis of securities wherein focus on the macro environment,
the economy, the largest aggregate enhances your probabilities of success on
the theory / cliché ‘a rising tide lifts all boats’. Clearly, simplistic wisdom
that is true.) The frauds on wall street et
als should be criminally prosecuted, jailed, fined, and disgorgement imposed ! Train Reading: The Stock
Market Is Insane The Wall Street Journal , Welcome To The New Bear Market
For Stocks Forbes / Dow/Gold Ratio Lowest Since 1987
Crash , Ignore Buffett's Advice, Don't
Buy Stocks Forbes / The "Crimes" That
Wrecked The Markets Forbes / Lenzner , Tech Leading Market Lower The Wall
Street Journal , Banks closed in Fla, Ga, Ill;
2011 total is 68
, No Recession Coming ... It's
Already Here Previous:8-18-11 Stocks rally off lows to suck suckers
in and keep suckers sucked in on bad news ( Jobless Claims, Inflation Rise
More Than Expected CNBC) , fraud ( SEC destroyed
documents, senator says
Crimes Wrecked The Markets ), and b***s***
alone! MKM Bracing For SPY To Drop 8%
More; Nasdaq Nearing August Lows Barrons.com, WHY NEW LOWS ARE LIKELY 8-18-11 Maierhofer, Is
It 2008 Again? Looking at the Summer Crash of 2011 Gayed ‘A real bear market has begun …’ , Abandon Ship ?[The USS Titanic] Yes, Because of These 5 Bearish
Icebergs ... McGill , There's A Recession Coming
According To The Data
Report: DOJ investigating
S&P's mortgage securities ratings Associated
Press The Justice Department is investigating whether the agency improperly
rated dozens of mortgage securities in the years leading up to the financial
crisis. (Washington Post) [ There you go … the retaliation … the long awaited
payback (quid pro quo witheld) for long overdue downgrade. They should be
investigating themselves, the SEC ( SEC
destroyed documents, senator says ) , among numerous other fraudulent, illegal schemes, activities. 3 Top Crooks Still Roaming
Free After the Economic Crash Wall St. Cheat Sheet ‘ The global economy and stock markets
took a nose dive in 2008. But that hasn’t stopped some of the biggest
masterminds from escaping a day of luxury…’ The "Crimes" That
Wrecked The Markets Forbes / Lenzner , SEC accused of destroying
files Former agency official says SEC
violated federal law by destroying records of enforcement cases in which it
decided not to file charges. (Washington Post) [ Duh, ya think? The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed ! SEC
destroyed documents, senator says 17
Aug 2011 ‘The Securities and Exchange Commission may have destroyed documents
and compromised enforcement case ... Grassley: Agency may have got rid of Goldman, Madoff documents Ronald D. Orol , MarketWatch
WASHINGTON (MarketWatch) — The Securities and Exchange Commission may have destroyed
documents and compromised enforcement cases involving activity at large banks
and hedge funds during the height of the financial crisis in 2008, according to
allegations made by a lawmaker on Wednesday. “From what I’ve seen, it looks as
if the SEC might have sanctioned some level of case-related document
destruction,” said Sen. Chuck Grassley, Republican of Iowa, in a letter to the
agency’s chairman, Mary Schapiro. Sen. Chuck Grassley “It doesn’t make sense that an agency
responsible for investigations would want to get rid of potential evidence. If
these charges are true, the agency needs to explain why it destroyed documents,
how many documents it destroyed over what timeframe, and to what extent its
actions were consistent with the law.” Agency staff “destroyed over 9,000
files” related to preliminary agency investigations, according to a letter sent
in July to Grassley, the top Republican on the Senate Judiciary Committee, and
obtained by MarketWatch. The allegations were made by SEC enforcement attorney,
Darcy Flynn, in a letter to Grassley. Flynn is a current employee, and
according to the letter, received a bonus for his past year’s work. Flynn
alleges the SEC destroyed files related to matters being examined in important
cases such as Bernard Madoff and a $50 billion Ponzi scheme he operated as well
as an investigation involving Goldman Sachs Group Inc. GS +0.33% trading in American International
Group credit-default swaps in 2009. Flynn also alleged that the agency
destroyed documents and information collected for preliminary investigations at
Wells Fargo & Co. WFC +1.34% , Bank of America Corp. BAC +0.81% , Citigroup C +0.13% , Credit Suisse CS +0.38% , Deutsche Bank DB +0.79% Morgan Stanley MS -0.06% and the now-bankrupt Lehman
Brothers. The letter goes into particular detail about Deutsche Bank, the
former employer of current SEC enforcement chief Robert Khuzami as well as
former enforcement chiefs Gary Lynch and Richard Walker…’ Sen. Chuck Grassley “It doesn’t make sense that
an agency responsible for investigations would want to get rid of potential
evidence…’ [ Oh but it does make sense Sen. Grassley: Report: SEC lawyer exposed FBI
informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman ]
The following is my comment to an LA Times article regarding a Justice
Department cover-up! As for your inquiry, all I think about day and night is a
long overdue resolution to the RICO litigation as set forth therein:
I believe him!
I truly empathize
with the ATF in terms of government cover-ups, notably by even the DOJ. You’ll
recognize some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has
dual citizenship with Italy), and some familiar crimes (ie., drug money laundering,
etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the
following ATF Agents who were probably viewed as loose ends: Steve
Willis, Robert Williams, Todd McKeahan & Conway LeBleu: Died February 28, 1993 by
gunfire at Waco. All four were examined by a pathologist and died from
identical wounds to the left temple. All four had been body guards for Bill
Clinton, three while campaigning for President and when he was Governor of
Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]
Here’s some
real, complicit cover-up / fraud on the part of the federal government, et als:
October 15, 2010 (*see infra {ultimately delivered by UPS})
Steven M.
Martinez, Assistant Director In Charge
Los Angeles, CA
90024
Dear Sir:
I enclose
herewith 3 copies of the within DVD rom autorun disk (which will open in your
computer’s browser) as per your office’s request as made this day (the disk and
contents have been scanned by Avast, McAfee, and Norton which I’ve installed on
my computer to prevent viral attacks / infection and are without threat). I
also include 1 copy of the DVD as filed with the subject court as referenced
therein (which files are also included on the aforesaid 3 disks in a separate
folder named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the
RICO Act is a criminal statute which provides a civil remedy, including treble
damages and attorney fees, as an incentive for private prosecution of said
claims probably owing to the fact that the USDOJ seems somewhat overwhelmed and
in need of such assistance given the seriousness and prevalence of said
violations of law which have a corrupting influence on the process, and which corruption
is pervasive). A grievance complaint against Coan was also filed concurrently
with the subject action and held in abeyance pending resolution of the action
which was illegally dismissed without any supporting law and in contravention
of the Order of The Honorable Robert N. Chatigny, Chief Judge, USDC, District
Connecticut. The files below the horizontal rule are the referenced documents
as filed. (Owing to the damage to the financial interests of both the U.S. and
the District of Congresswoman Roybal-Allard, viz., Los Angeles, the Qui Tam
provisions of the Federal False Claims Act probably would apply and I would
absent resolution seek to refer the within to a firm with expertise in that
area of the law with which I am not familiar) .
The document in
5 pages under penalty of perjury I was asked to forward to the FBI office in
New Haven is probably the best and most concise summary of the case RICO
Summary to FBI Under Penalty of Perjury at Their Request (5
pages) [ ricosummarytoFBIunderpenaltyofperjury.pdf
http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The
correspondence I received from the Congresswoman by way of email attachment
(apparent but typical problem with my mail) along with my response thereto is
included on the 3 disks as
fbicorrespondencereyes.htm . With regard to
the calls to the FBI’s LA and New Haven, CT offices: There was one call to the
LA office and I was referred to the Long Beach, CA office where I personally
met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of
the money laundering which he confirmed as indicative of same (he was
transferred from said office within approximately a month of said meeting and
his location was not disclosed to me upon inquiry). The matter was assigned to
FBI Agent Ron Barndollar and we remained in touch for in excess of a decade
until he abruptly retired (our last conversation prior to his retirement
related to the case and parenthetically, Rudy Giuliani whose father I stated
had been an enforcer for the mob to which he registered disbelief and requested
I prove it, which I did – he served 12 years in prison, aggravated assault/manslaughter?
– and no, there is no Chinese wall of separation – Andrew Maloney’s the one
that prosecuted gotti).
In
contradistinction to the statement in said correspondence, there is a plethora
of information including evidence supporting the claims set forth in
the RICO VERIFIED COMPLAINT (see infra).
Such includes and as set forth in the case, inter alia,
A judgment had
been entered in my favor in the case, United States District Court Case
#3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of
$300,000 remains unaccounted for and which could be used for payment to
creditors, Los Angeles, etc..
Counsel Robert
Sullivan on my behalf documented by way of certification upon investigation
that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false
statement he predicated a retaliatory and spurious contempt proceeding against
me causing substantial damage, and for which he sought Judicial Notice of those
and related proceedings as did I in some of my filings.
The Order of
Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s
failure to file anything whatsoever by the court’s deadline causing creditors
and me substantial damages: [ Shiff Order of Dismissal With
Prejudice on Coan’s Failure to File
Page 1
Page 2
]
Defendant Coan
had filed an action against me to prevent me from suing him which necessitated
me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny,
Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief
as to Coan but precluded my action against Shiff (although there is no
immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a
case under Title 11, USC, etc.) . [ transcript in pertinent part
- http://albertpeia.com/crossexamofcoanbypeia.pdf ]
Newly appointed
judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case
despite the conflict of interest in light of hundreds of thousands of dollars
of illegal (drug) money being laundered through the Trump casinos by the RICO
defendants, and despite my motion to recuse her which motion she heard herself
and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to
join or file a separate motion to recuse and not long thereafter left said
office for private practice at Cole, Shotz, et als on retainer with the RICO
defendants as his primary client.
Probative and
evidentiary documents, affidavits, exhibits, including those turned over to FBI
Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney
Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in
Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said
documents and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with the
office, that the file/documents could not be located, and that there was no
further information available concerning contacting him or his location. I
thereupon delivered by hand, copies of said documents to the office of then
U.S. Attorney Alito, addressed to him, with assurance they would go directly to
him. In addition to being inept [ I
looked in on the one mob case he had brought, bungled, lost (accidently on
purpose?) since I was suing some mob-connected under RICO and the court (I had
known / previously met outside of court the judge Ackerman through a client)
was absolute bedlam and a total joke since incompetent corrupt Alito brought in
all 20 mob defendants (rather than prosecute one or a few to flip them first)
who feigning illness had beds/cots in the courtroom along with their moans
during testimony and had the jury in stitches. As much as I hate the mob, it
truly was funny, if not so tragic.], Alito is also corrupt
(and maybe corrupt because he is inept). After a reasonable (but still rather
short) time I called to determine the status and was told that Alito was no
longer with the Office of the U.S. Attorney, that he was (appointed) a federal
judge, and that neither the documents nor any file or record of same could be
located. Alito did parley the same / cover-up into quid pro quo direct lifetime
appointment to the Court of Appeals, 3 rd circuit,
despite the absence of judicial experience or successful tenure as U.S.
Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that now
sits on the purported highest court in the land. The real application of the
illegal rule ‘don’t ask, don’t tell’.
There is
applicable insurance / surety coverage and neither LA, nor creditors, nor I
should continue to have been damaged by this brazened corrupt and illegal
scenario, which should be resolved in accordance with the meaningful rules of
law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5 th Street, #404
Los Angeles, CA
90013
(213) 219-****
(cell phone)
(213) 622-3745
(listed land line but there are unresolved problems with the line, computer
connection may be the reason but I hesitate to chance greater non-performance /
worsening by their ‘fix’ so cell phone best for contact).{recent change
323-786-6651 -magic jack}
----------
*The foregoing
and as indicated therein was previously send 9-14-10 but delivery confirmation
was flawed as set forth below and my inquiries to the u.s. postal service
rebuffed (I believe tampered with inasmuch as your office could not locate
same). This cover letter (9-13-10) is on the 3 disks with navigable hyperlinks
to the subject files for ease of reference, including the files in the RICO
action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who
indicates once again that your office has not received the aforesaid and which
can reasonably be presumed to have been tampered with, and hence, a violation
of the federal statute concerning same. (Ultimately delivered by UPS) ]
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has
promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s
Blog / the grim economic reality
[ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has
promised to hold Wall Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
http://www.albertpeia.com
Sincerely and Regards,
Al Peia
U.S. stocks end volatile week
in the red (Washington Post) [ The frauds on wall street et als should be criminally prosecuted, jailed,
fined, and disgorgement imposed ! Train Reading: The Stock
Market Is Insane The Wall Street Journal , Welcome To The New Bear Market
For Stocks Forbes / Dow/Gold Ratio Lowest Since 1987
Crash , Ignore Buffett's Advice, Don't
Buy Stocks Forbes / The "Crimes" That
Wrecked The Markets Forbes / Lenzner , Tech Leading Market Lower The Wall Street
Journal , Banks closed in Fla, Ga, Ill;
2011 total is 68
, No Recession Coming ... It's
Already Here Previous:8-18-11 Stocks rally off lows to suck suckers
in and keep suckers sucked in on bad news ( Jobless Claims, Inflation Rise
More Than Expected CNBC) , fraud ( SEC
destroyed documents, senator says Crimes Wrecked The Markets ), and b***s***
alone! MKM Bracing For SPY To Drop 8%
More; Nasdaq Nearing August Lows Barrons.com, WHY NEW LOWS ARE LIKELY 8-18-11 Maierhofer, Is
It 2008 Again? Looking at the Summer Crash of 2011 Gayed ‘A real bear market has begun …’ , Abandon Ship ?[The USS Titanic] Yes, Because of These 5 Bearish
Icebergs ... McGill , There's A Recession Coming
According To The Data at Forbes ,
HP, Dell hammered as tech-spending outlook darkens JDSU,
NetApp, disappointing figures, shares hit hard in after-hours trade Dell
braces investors for a bumpy road Dell makes a case on why it can
better weather an upcoming storm , S&P says sell Google's shares after Motorola deal ,
STOCKS FALL AFTER FLOOD OF BAD
NEWS: Here's What You Need To Know
Joe Weisenthal , Stocks Slip On Concern Over Europe's
Debt, U.S. Data , Watch Out: 2011 Looks A Lot Like
The Market Top In 2007 Take A Lesson From 2007 And
Sell Stocks Now at Forbes, [video] Trader: We Could Test
1120 Lows at TheStreet.com
In a Downtrend, Sell a Rally (Daily FX) Latest: Economist Who
Predicted Market Crash Warns of 2012 Aftershock. See More Here. Famed economist predicts economic
calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50% unemployment, 90% stock
market drop, 100% inflation. See the Evidence (Newsmax.com) Five Reason Stocks Are
Crashing, Tips to Prepare for Meltdown (Moneynews) Unthinkable
Poised to Happen on Wall Street. See Disturbing Charts. (Newsmax.com) US Recession Is Guaranteed:
Expert CNBC. Harry Dent, Jr. Economy will be in a
Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010
or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will
Occur Between 2010 and 2012). Dow 1000? Robert Prechter
Thinks So Prechter Reiterrates Call For
Dow 1,000, Even As Surging Gold And Plunging Dollar Leave Much Credibility To
Be Desired Bulls Go to Extremes: Don't
Buy the "Breakout", Sell It, Prechter Says Russell: This Is One Of The
Largest Tops In Stock Market History My old friend, Bob Prechter, is talking about Dow 400. I used to think
this was an absurd joke. I no longer think it’s a joke. The ultimate result
will be a primary bear market shocking in duration and extent. …’ Forecasts from Dent, Napier, and then Prechter: Depression is Imminent The Dow Jones Industrial Average will go down to at
least 1000, most likely to below 777 which was the starting point of its mania
back in August 1982, and quite likely drop below 400 at one or more times
during the bear market. [ 8 More Reasons Why You Should
Be Deeply Concerned That The U.S. Government Has Lost Its AAA Credit Rating The Economic
Collapse ‘… #8 The U.S.
national debt continues to get worse by the day. Just check out
what economics professor Laurence
J. Kotlikoff recently told NPR …. “If you add up all the promises that have been made for
spending obligations, including defense expenditures, and you subtract all the
taxes that we expect to collect, the difference is $211 trillion. That’s the
fiscal gap” ..’ Why You Shouldn't Buy Into
This Plunge Forbes/ O'Neil‘The market is building momentum
to the downside’.]
Moody’s managers pressured
analysts, former executive says Credit-rating agency
has been criticized for giving high grades to dubious investments. Now one of
its own is leading the criticism. SEC purged documents without
authorization Report: DOJ investigating
S&P's mortgage securities ratings Associated
Press The Justice Department is investigating whether the agency improperly
rated dozens of mortgage securities in the years leading up to the financial
crisis. (Washington Post) [ There you go … the retaliation … the long awaited
payback (quid pro quo witheld) for long overdue downgrade. They should be
investigating themselves, the SEC ( SEC
destroyed documents, senator says ) , among numerous other fraudulent, illegal schemes,
activities. 3 Top Crooks Still Roaming
Free After the Economic Crash Wall St. Cheat Sheet ‘ The global economy and stock markets
took a nose dive in 2008. But that hasn’t stopped some of the biggest
masterminds from escaping a day of luxury…’ The "Crimes" That
Wrecked The Markets Forbes / Lenzner , SEC accused of destroying
files Former agency official says SEC
violated federal law by destroying records of enforcement cases in which it
decided not to file charges. (Washington Post) [ Duh, ya think? The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed ! SEC
destroyed documents, senator says 17
Aug 2011 ‘The Securities and Exchange Commission may have destroyed documents
and compromised enforcement case ... Grassley: Agency may have got rid of Goldman, Madoff documents Ronald D. Orol , MarketWatch WASHINGTON
(MarketWatch) — The Securities and Exchange Commission may have destroyed
documents and compromised enforcement cases involving activity at large banks
and hedge funds during the height of the financial crisis in 2008, according to
allegations made by a lawmaker on Wednesday.
Sen. Chuck Grassley “It doesn’t make sense
that an agency responsible for investigations would want to get rid of
potential evidence…’ [ Oh but it does make sense Sen.
Grassley: Report: SEC lawyer exposed FBI
informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman ]
Experts: Recovery might take a
while If this crisis follow the pattern of similar ones, it
may be one of the most difficult in U.S. history. (Washington Post) [ Duh! Ya
think! Dow/Gold Ratio Lowest Since 1987
Crash Today’s gold buyers might still get to look early birds
as this depression wears on… GROWTH or defense… stocks or gold?
Intra-day noise aside in summer 2011, Mr.Market’s choice looks plain.
The
Dow/Gold Ratio – a measure of the U.S. stock market’s valuation in ounces of
gold – has sunk as equities have plunged but gold prices have jumped so far this summer.
Dropping
through 6.0 ahead of Friday’s New York opening, the Dow/Gold Ratio hasn’t been
this low since early 1989, back when world equity markets were recovering from
the Great Crash of Black Monday 1987.
http://goldnews.bullionvault.com/files/DowGoldviii11.png
That
slump itself had taken the Dow/Gold Ratio all the way down to 3.6, with gold prices rising to
nearly $500 per ounce as the Wall Street index sank to 1776 points. Growth, of
course, was only taking a pause in late 1987 – a quick breather before the real
race to perfection of the late 1990s. Today, in contrast, the Dow/Gold Ratio
could still go a lot further down. Or so says history.
Trading
a little over its century-long average of 10.0 today, the ratio bottomed during
the 1930s Great Depression at just below 2.0 ounces of gold for one Dow unit.
At the nadir of the next global depression – the inflationary depression of the
early 1980s – the Dow/Gold Ratio sank even lower, down to 1.0.
Whatever
flavor of depression we’ve got at the start of this decade – and it is a depression, as Western jobs data continue to show and
as the Dow/Gold yardstick will confirm if it goes much lower (keep an eye on
the underperformance of gold mining equities, too) – a growing flow of private
savings is choosing defense in gold bullion rather than choosing
business-risk in listed stocks.
That
choice might sound self-fulfilling if you work in psychiatry or government, a
kind of “clinical disorder” open to curing with medication, zero interest rates
or perhaps a third round of quantitative easing – most likely aimed at risk
assets, we guess, rather than the “risk free” Treasury bonds targeted by QE1
and QE2 – and which institutional investors are all-too keen to hold anyway.
So
far, however, investors choosing to buy gold only account for a tiny portion
of the money fleeing equities.
From
here to a true depression low in Dow/Gold (if such a level is reached), today’s
gold buyers will need to find many more friends. They’d also look early-birds
compared with the rush out of stocks – and into gold – needed to reach that 2.0
or 1.0 mark.’
BlogPost : Jon Stewart attacks Fox
'class warfare' ...Warren Buffett (Nati Harnik/AP) After Warren
Buffett’s New York Times Op-ed called for a tax on the.. (Washington Post) [ Ignore Buffett's Advice, Don't
Buy Stocks at Forbes The markets
plunged going into August 8. On that day, the DJI closed with a loss of 629
points. My indicators signaled that a brief bounce would commence the next day.
According to the charts, the first target for the S&P 500 was 1205. The
target was hit exactly a few days later. That was followed by a renewed plunge.
I have
been looking for a serious crisis to start in September. It appears that we
have seen the prelude for that. The big smart money has been preparing for the
past five months.You can see the “distribution pattern” on the charts since
mid-February. The rush to the exits is now accelerating and the smart money has
been selling short in large amounts.
The
extreme bullish sentiment that prevailed until the latest plunge was first
replaced by complacency, then by concern. However, the “fear” stage is still
missing, except at hedge funds that were forced to sell because of margin
calls. In fact, during the severe plunge in the first week of August,
investment investors became even more bullish according to
Investorsintelligence.com. That is not good for the markets.
The
market negatives are increasing in numbers. The IPO window is now shut. There
are signs that credit is once again vanishing. Loans are being called in, some
companies appear to have difficulties rolling over their Commercial Paper, junk
bonds yields are soaring, European banks may stop lending to each other, and
the European crisis is spreading out across the globe. It’s my view that this
will cause another credit crisis, just as in 2008.
What’s
worse is that contrary to 2008, the big players learned to read the signs from
their 2008 mistakes. They are now wide awake, although in the media, their
minions still repeat the same bullish fairy tale. This means that this crisis
could develop much faster than the last one. (Read my book, Financial Apocalypse, which is the 2008 roadmap, one
which can be used very well for what is now happening.)
The
words “possible recession” suddenly is being mentioned a lot in the media,
although economists still strongly deny that possibility. Our rule is that the
stronger their denials, the more certain and the deeper the recession will be.
In fact, I declared in our May 9 issue of the Wellington Letter that the
recession had started.
Morgan
Stanley lowered its global GDP growth forecasts for 2012 from 4.5% to 3.8%. My
forecast is for 1%-2% or less. It would be negative growth except for the
fudged inflation numbers.
The
European politicians are not any smarter than those in the U.S. Merkel and
Sarkozy had a meeting in Paris and did nothing. That day I called the outcome
“Disastrous” for the markets. It took the markets a day to digest the
consequences and then the selling avalanche started. Many of the markets in
Europe, led by the banks stocks, went into virtual free falls, losing from
4%-7% in one day. Such losses indicate an approaching crisis.
Now we
see some of the well-known Wall Street figures appearing in the media, telling
investors all the reasons why stocks are a good buy. One appeared with a long
list of bullish factors. Well, that list didn’t prevent the global stock market
from losing an incredible $6 trillion over the past several weeks. He did the
same cheerleading on national TV in 2007 before investors lost 50% of their
wealth.
Warren
Buffett is also once again the cheerleader saying he is buying stocks. He did
that in 2007-2008 as well, and then the meltdown started later in 2008.
I
would not fall for this self-serving advice. Words cannot rescind a recession
that we already have, it cannot stop the insolvency of entire countries in
Europe, it can’t change the fact that major profit downgrades will appear soon,
and it can’t stop the China crisis that is now starting.
Gold
is soaring, but the mining stocks look terribly weak. There is great danger now
with the gold stocks getting hit hard by less developed countries, including
South Africa, to nationalize gold mines. This is too lucrative for them to
resist.
I
would get out of all money market funds unless they are “U.S. government
only.” The MMFs have big exposure to European banks. We believe that
lending between banks in Europe may seize, which means that the whole structure
will start shaking. You will start hearing the word “contagion.”
In my
opinion, the danger period is approaching. What we have seen until now is just
a “preview.” The main feature is likely to be worse.
Bert
Dohmen is editor of Bert Dohmen’s Wellington Letter and author of Prelude To Meltdown (2007) and Financial Apocalypse (2011).’
Banks still struggling,
despite bailout (Washington Post) [ Yeah … that’s
the way it is for banks in the midst of recession / depression / economic
decline! The frauds on wall street et
als should be criminally prosecuted, jailed, fined, and disgorgement imposed ! What changed from yesterday which warranted a
more than 600 point plunge with paper stocks still over-valued and a 545 bounce
off of afternoon lows? Nothing! Absolutely nothing, yet a manipulated
computer-programmed churn-and-earn suckers’ rally based on fraud and b***s***
alone to keep suckers suckered, which makes for an especially great opportunity
to sell / take profits since there’s much, much worse to come! Famed economist predicts economic calamity in 2012. See
the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50% unemployment, 90% stock
market drop, 100% inflation. See the Evidence (Newsmax.com) [ The instant video on the economic / financial collapse
from Stansberry and Associates is so well researched and succinctly presented
that I’ve archived same on my website; also, because the
facts and views presented comport with the facts and views I’ve presented on my
site which I believe to be correct. This is a must-view, must-see that I
strongly recommend ! The complete
url: http://www.albertpeia.com/stansberrysinvestmentadvisory.flv
( 146mb – approx. 1 hr. 17 min. ) http://www.albertpeia.com/stansberrysinvestmentadvisory.mp4 ( 374mb )
Written text of presentation (without pictures / charts)]
[A lot of pre-election year obfuscation, manipulation but the debacle is
already here: Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010
or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will
Occur Between 2010 and 2012 Dollar down against major currencies Global
investors are becoming antsy about the dollar’s role as the currency at the
core of the world’s financial system.
(Washington Post) [ Antsy? At
this point, if it was only just ‘antsy’ there’d be room to hope. Despite the
understatement, this is now way beyond ‘antsy’. Reality counts! For first time, U.S. credit
rating cut from AAA Standard & Poor’s announces that it has downgraded
U.S. government debt to AA+, dealing a huge symbolic blow to the world’s
economic superpower in what was a sharply worded critique of the American
political system. (Washington Post) [ Come on! Let’s get real here! Symbolic?
If it were only that. If it were only the american political system, there’d at
least be a plausible reason for hope, albeit futile even at that. Indeed,
pervasively corrupt, defacto bankrupt america, literally causing destruction
domestically and internationally, is a testament to the failure of the american
system generally, or more specifically what it has devolved into. Whatever
america was and purports to be, it certainly doesn’t take a PhD in Poli Sci to
know, ‘it ain’t that no more’. Moreover, the ‘genie’s out of the bottle’ and
try as they may, like ‘trying to put toothpaste back in the tube’, or
‘unringing the bell’, perceptions of america will never be the same in the most
negative but realistic and factual sense; that is, beyond the propaganda,
efforts at censorship, and spin. Those ‘propaganda dogs don’t hunt no more.’ I
can further say that in america, by close observation and direct experience
(with more than sufficient representative sampling), I’ve seen and experienced
the worst of human nature; behavior so egregious so as to defy any known norms
of civilized behavior. Quite simply, there is no excuse for america! Deficits And Stimulus Only
Delay The Inevitable Collapse Bob Chapman | America is
insolvent and has been so for a long time. US Is in Even Worse Shape
Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘ USA INCOME STATEMENT :Total federal spending in 2010 amounted to $3.456 trillion. Total
receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294
trillion.The 2011 federal budget is $3.7 trillion with a projected deficit
of$1.6 trillion. … USA BALANCE SHEET : Consensus estimates for unfunded obligations vary. Mary Meeker pegs the
shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to
be $75 trillion, while other estimates exceed $100 trillion (these amounts are
insurmountable) …’
America’s shine is wearing off
The powerless president Obama remains indecisive, and ignored, as
larger forces bring down the country. Robinson: S&P downgrades
the GOP (Washington
Post) [ Riiiiight! It’s everything but ‘wobama the b’ (for b***s***) that’s to
blame for the nation’s meltdown according to wobama aficionados / intractable
wobama apologists, Messieurs Milbank and Robinson. Sweet Mr. Milbank even
points to wobama’s personal character flaws (among many unmentioned) to
exculpate the failed president wobama. Wobama’s failed miserably and yet had
the easiest act in the world to follow in the persona of fellow failed
president war criminal dumbya bush whose failed policies up to the real start
of the election cycle he’s largely followed. After all, Mr. Robinson, how
different really are the parties these days when profligate spending on
illegal, unnecessary wars was continued when democrats controlled congress, and
then even the executive office when continuing failed president and war
criminal dumbya bush’s nation bankrupting, nation destroying war policies,
protection for unprecedentedly huge wall street frauds, bush tax cut extensions
for the wealthy, and then some (spending on top of it). Drudgereport: HARRY BELAFONTE: Obama 'has failed'... NOONAN: 'HE IS A LOSER'... GALLUP: 40% APPROVAL...
Obama takes debt battle to TWITTER, loses more than
33,000 followers... FARRAKHAN: 'THAT'S A MURDERER IN THE WHITE HOUSE'...
Most importantly, realize that if
wobama’s actions had not belied his words/campaign promises, the nation’s
position, though still ominous, would have been substantially improved.
A win for opponents of SEC’s
new rules Court decision could spell trouble for the agency as it
puts in place some of the most far-reaching financial regulations in years.
(Washington Post) [ Oh come on! The biggest frauds in the multi-trillions have
been hands off despite the campaign promises to the contrary. The u.s. courts
are so corrupt, it’s doubtful they’d rule against ‘the big money’. That they
don’t understand the economics / finance is irrelevant to them; as is also so
of the law and the facts which they probably understand but ignore anyway. The
most important consideration should be what is obvious to all; viz., that the
way things were not only facilitated the fraudulent schemes that have brought
down the nation, but will continue prospectively as the frauds on wall street
have been emboldened by the lack of enforcement / prosecution. That said,
there’s corruption thoughout the ranks of the pervasively corrupt american
government. . Report: SEC lawyer exposed FBI
informant (WP) [ Clearly, the sec liar (sic – lawyer) is one of
those typically with a ‘pre or post’ arrangement, whether implicit or explicit;
you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto
bankrupt, fallen america. Indeed, the
scenario typifies that national drain / sinkhole new york (new york / new
jersey metro) where, for example, FBI informants were routinely exposed by
‘italians’ in the new york d.a.’s office over the objection of the FBI, and
were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this
was documented with authority in the book ‘Goombata: The Improbable Rise and
Fall of John Gotti and His Gang’ Cummings / Volkman
Though having but 5% of the world’s population, the u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Cases against Wall Street lag
despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America Is a Failed State
Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1) UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases against Wall Street lag
despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Rubin: Fed to the country: the
economy stinks
‘…information received since the Federal Open Market
Committee met in June indicates that economic growth so far this year has been
considerably slower than the Committee had expected. Indicators suggest a
deterioration in overall labor market conditions in recent months, and the
unemployment rate has moved up.The report adds: “The Committee now expects a
somewhat slower pace of recovery over coming quarters than it did at the time
of the previous meeting and anticipates that the unemployment rate will decline
only gradually toward levels that the Committee judges to be consistent with
its dual mandate.”
(Washington Post) [ As if we didn’t know and needed them to tell
us. Don’t forget, this pre-election year is as good as it gets; yet is as
dismal as can be imagined with substantially worse to follow. Dual Mandate? I’m
surprised they had the audacity to use the term. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! What changed from yesterday which warranted a more than
600 point plunge with paper stocks still over-valued and a 545 bounce off of
afternoon lows? Nothing! Absolutely nothing, yet a manipulated
computer-programmed churn-and-earn suckers’ rally based on fraud and b***s***
alone to keep suckers suckered, which makes for an especially great opportunity
to sell / take profits since there’s much, much worse to come! Famed economist
predicts economic calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50% unemployment, 90% stock
market drop, 100% inflation. See the Evidence (Newsmax.com)
What can the Federal Reserve
do? With the U.S. economy at risk of a double-dip recession,
the central bank lacks tools to do anything. (Washington Post) [ Oh I’d say
they’ve done quite enough … wouldn’t you? … Is Bernanke Failing His Fed
Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I mean,
come on! This catering to fraudulent wall street was a loser ab initio! That
so-called ‘wealth effect’ market froth was used previously by senile ‘maestro’
greenspan and failed miserably except for the frauds on wall street who
commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ] In his June 7
speech, Fed Chairman Ben Bernanke stated, “the best way for the Federal Reserve
to support the fundamental value of the dollar in the medium term is to pursue
our dual mandate of maximum employment and price stability, and we will
certainly do that.”
..
Bernanke’s results .. since Ben took the reins:
Feb ’06 – April ’11
Items in a Typical Budget
% Change
Food and Beverages
16.54%
Water and sewer and trash collection services
31.88%
Rent of primary residence
13.82%
Housing
8.68%
Fuels and Utilities
11.93%
Apparel
4.83%
Medical Care
20.11%
Gasoline (all types)
65.12%
Transportation
23.36%
Tuition, other school fees, and childcare
29.28%
Recreation
2.87%
..
The standard unemployment rate most often used by the Fed is currently at 9.1%,
up 90% since Bernanke started. The more inclusive (realistic) U6 number
stands at 15.8%, up 75% in the same period. The Civilian Participation
Rate has declined 2.87% to 64.2%.
This
is the lowest level the U.S. has seen since March, 1984. The decline
amounts to 8,946,844 fewer Americans in the labor force. Had they not
dropped out because of a lack of jobs, the “official” unemployment rate would
be significantly higher. While we can debate the meaning of the term
maximum employment, it is clear that the jobs data has deteriorated considerably
since Bernanke took the reins at the Fed. ..
In
conclusion, it is evident that Ben Bernanke is failing his mandates. We
believe it must come down to one of the following reasons:
1.
Bernanke does not know how to achieve his mandates;
2.
The policy tools employed don’t work;
3.
He does not have the ability to implement policies that would work;
4.
He is not trying to achieve his mandates;
5.
He has goals other than his legal mandates;
6.
He does not look at the data, and believes he is succeeding.
Matt
Marcewicz & Robert Barone, Ph.D.
.. ‘
Obama plans to preserve
federal mortgage role The president’s decision to preserve a
major role for the government marks a big milestone in the effort to craft a
new housing policy from the wreckage of the mortgage meltdown. (Washington
Post) [ Oh yeah! You can count on the government! Whew! Close call! Nothing to
worry about now with the government on the job! A win for opponents of SEC’s
new rules Court decision could spell trouble for the agency as it
puts in place some of the most far-reaching financial regulations in years.
(Washington Post) [ Oh come on! The biggest frauds in the multi-trillions have
been hands off despite the campaign promises to the contrary. The u.s. courts
are so corrupt, it’s doubtful they’d rule against ‘the big money’. That they
don’t understand the economics / finance is irrelevant to them; as is also so
of the law and the facts which they probably understand but ignore anyway. The
most important consideration should be what is obvious to all; viz., that the
way things were not only facilitated the fraudulent schemes that have brought
down the nation, but will continue prospectively as the frauds on wall street
have been emboldened by the lack of enforcement / prosecution. That said,
there’s corruption thoughout the ranks of the pervasively corrupt american
government. . Report: SEC lawyer exposed FBI
informant (WP) [ Clearly, the sec liar (sic – lawyer) is one of
those typically with a ‘pre or post’ arrangement, whether implicit or explicit;
you know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto
bankrupt, fallen america. Indeed, the
scenario typifies that national drain / sinkhole new york (new york / new
jersey metro) where, for example, FBI informants were routinely exposed by
‘italians’ in the new york d.a.’s office over the objection of the FBI, and
were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this
was documented with authority in the book ‘Goombata: The Improbable Rise and
Fall of John Gotti and His Gang’ Cummings / Volkman
Though having but 5% of the world’s population, the u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Cases against Wall Street lag
despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America Is a Failed State
Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1) UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases against Wall Street lag
despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Poll: Sharp dissatisfaction
with D.C. The public doubts the government can fix the nation’s
economic problems, Post poll shows. An unlikely landlord: Uncle
Sam (Washington
Post) [ No surprise there (the doubts)!
Uncle Scam as landlord? Sounds like a typical scam / fiasco / debacle in
the making! Add limey (brits)-looking (green) frogs (french) to the mix(ed up)
in the pervasively corrupt defacto bankrupt disunited states Italy unveils plan to calm
fears of escalating crisis (Washington Post) [ Yeah, dem piigs were back in the news. ’ Dem PIIGS still
got problems. Europe’s debt crisis threatens
Italy (WP) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it here except the punch
line): ‘That’s black bart’s girl’. Pelosi: ‘We are not Greece’ ( but greecy Italy Italians voice concern
over Italian debt crisis scenario [ Whew! Close call! There you go. Nothing to
worry about now that wobama’s got a boehner … so not to be so hard on them; if
pelosi says it, it must be true … Not! …Pervasively corrupt, defacto bankrupt
america, they, she look pretty greecey to me. After all, if the same’s wobama’s
‘far-reaching plan on debt’, we all know ‘wobama the b’ (for b***s***) is total
b***s*** which means like Greecey PIIGS they’ll be back to the trough for more
… slop … py. Deficits And Stimulus Only
Delay The Inevitable Collapse Bob Chapman | America is
insolvent and has been so for a long time. US Is in Even Worse Shape
Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘ USA INCOME STATEMENT :Total federal spending in 2010 amounted to $3.456 trillion. Total
receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294
trillion.The 2011 federal budget is $3.7 trillion with a projected deficit
of$1.6 trillion. … USA BALANCE SHEET : Consensus estimates for unfunded obligations vary. Mary Meeker pegs the
shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to
be $75 trillion, while other estimates exceed $100 trillion (these amounts are
insurmountable) …’ Famed economist predicts economic
calamity in 2012. See the evidence.Newsmax
http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 Watch for fake gov’t data / reports owing
to political desperation
Economy central as Obama
starts tour With some of his harshest words yet, president
criticizes GOP candidates on taxes, debt. (Washington Post) [ The eternal
campaign(er) … he’s got a ‘good rap’ … that rapper ‘wobama the b’ (for
b***s***). Is Obama’s fate written in
numbers? Recent economic data amounts to a formidable headwind
for any incumbent president hoping for a second term. And Democrats worry time
is running out. (Washington Post) [ Let’s just say the fate of ‘wobama the b’
(for b***s***) is written, period. Quite simply, he’s done! Here’s a picture of
obama voters / backers: http://www.albertpeia.com/wobamavoters.gif . ‘Don’t cry for him new argentina, the
truth is he really screwed you’ … well you know that familiar theme and can ad
lib, insert your own words! It’s still Obama’s party Why he won’t
face a primary challenge: Republicans and racial politics. (Washington Post)
[ It’s true … so right you are! Al
Gore’s even pitchin’ in by donating the talents of his long lost secret love
child, ‘Leslie Gore’ to pen and sing a song in wobama’s honor (kidding) which
goes something like this , ‘It’s his party and he’ll cry if he wants to, cry if
he wants to, cry if he wants to, you would cry too, if obama happened to you …
Well, there you go … if the song says it it must be true. Yeah! And
those dern republicans and their racial politics … UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims' – Time to get whitey, at last, at
last, etc., say holder / wobama who go on to say ‘and they ain’t talking about
Whitey Bulger, the mobster, either!’
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Robinson: Obama won the Iowa
Straw Poll (Washington Post)
[ Oh riiiiight! What, on the theory that so long as you don’t hear wobama the
b’s (for b***s***) words which invariably belie his actions or non-actions, it’
a victory for wobama? I don’t think so; nor does the overwhelming, including
the unpolled, majority! Is Obama’s fate written in
numbers? Recent economic data amounts to a formidable headwind
for any incumbent president hoping for a second term. And Democrats worry time
is running out. (Washington Post) [ Let’s just say the fate of ‘wobama the b’
(for b***s***) is written, period. Quite simply, he’s done! Here’s a picture of
obama voters / backers: http://www.albertpeia.com/wobamavoters.gif . ‘Don’t cry for him new argentina, the
truth is he really screwed you’ … well you know that familiar theme and can ad
lib, insert your own words! It’s still Obama’s party Why he won’t
face a primary challenge: Republicans and racial politics. (Washington Post)
[ It’s true … so right you are! Al
Gore’s even pitchin’ in by donating the talents of his long lost secret love
child, ‘Leslie Gore’ to pen and sing a song in wobama’s honor (kidding) which
goes something like this , ‘It’s his party and he’ll cry if he wants to, cry if
he wants to, cry if he wants to, you would cry too, if obama happened to you …
Well, there you go … if the song says it it must be true. Yeah! And
those dern republicans and their racial politics … UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims' – Time to get whitey, at last, at
last, etc., say holder / wobama who go on to say ‘and they ain’t talking about
Whitey Bulger, the mobster, either!’ The powerless president Obama remains indecisive, and ignored, as
larger forces bring down the country. Robinson: S&P downgrades
the GOP (Washington
Post) [ Riiiiight! It’s everything but ‘wobama the b’ (for b***s***) that’s to
blame for the nation’s meltdown according to wobama aficionados / intractable
wobama apologists, Messieurs Milbank and Robinson. Sweet Mr. Milbank even
points to wobama’s personal character flaws (among many unmentioned) to
exculpate the failed president wobama. Wobama’s failed miserably and yet had
the easiest act in the world to follow in the persona of fellow failed
president war criminal dumbya bush whose failed policies up to the real start
of the election cycle he’s largely followed. After all, Mr. Robinson, how
different really are the parties these days when profligate spending on
illegal, unnecessary wars was continued when democrats controlled congress, and
then even the executive office when continuing failed president and war
criminal dumbya bush’s nation bankrupting, nation destroying war policies,
protection for unprecedentedly huge wall street frauds, bush tax cut extensions
for the wealthy, and then some (spending on top of it). Drudgereport: HARRY BELAFONTE: Obama 'has failed'... NOONAN: 'HE IS A LOSER'... GALLUP: 40% APPROVAL...
Obama takes debt battle to TWITTER, loses more than
33,000 followers... FARRAKHAN: 'THAT'S A MURDERER IN THE WHITE HOUSE'...
Most importantly, realize that if
wobama’s actions had not belied his words/campaign promises, the nation’s
position, though still ominous, would have been substantially improved. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Is Obama’s fate written in
numbers? Recent economic data amounts to a
formidable headwind for any incumbent president hoping for a second term. And
Democrats worry time is running out. (Washington Post) [ Let’s just say the
fate of ‘wobama the b’ (for b***s***) is written, period. Quite simply, he’s
done! Here’s a picture of obama voters / backers: http://www.albertpeia.com/wobamavoters.gif . ‘Don’t cry for him new
argentina, the truth is he really screwed you’ … well you know that familiar
theme and can ad lib, insert your own words!
It’s still Obama’s party Why he won’t face a primary challenge: Republicans and racial politics.
(Washington Post) [ It’s true … so
right you are! Al Gore’s even pitchin’ in by donating the talents of his long
lost secret love child, ‘Leslie Gore’ to pen and sing a song in wobama’s honor
(kidding) which goes something like this , ‘It’s his party and he’ll cry if he
wants to, cry if he wants to, cry if he wants to, you would cry too, if obama
happened to you … Well, there you go … if the song says it it
must be true. Yeah! And those dern republicans and their racial politics … UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore
cases that involve black defendants and white victims' – Time to get whitey, at
last, at last, etc., say holder / wobama who go on to say ‘and they ain’t
talking about Whitey Bulger, the mobster, either!’ Postal Service seeking 20
percent staff cut EXCLUSIVE | In cost-cutting bid,
USPS also proposes withdrawing employees from existing health and retirement
plans and creating its own benefit programs. Congress would need to sign off.
(Washington Post) [ I think it’s a great idea. Indeed, 50% would be
substantially better. Even better yet, UPS should take over their entire operation.
After all, UPS is well managed and efficient; and also, very reliable. On the
other hand, the USPS is poorly managed, inefficient, and very unreliable: October 15, 2010 (*see infra {ultimately
delivered by UPS}) The following is my comment to an LA Times article regarding a Justice
Department cover-up! As for your inquiry, all I think about day and night is a
long overdue resolution to the RICO litigation as set forth therein:
I believe him!
I truly empathize
with the ATF in terms of government cover-ups, notably by even the DOJ. You’ll
recognize some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has
dual citizenship with Italy), and some familiar crimes (ie., drug money
laundering, etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know
this about the following ATF Agents who were probably viewed as loose ends: Steve
Willis, Robert Williams, Todd McKeahan & Conway LeBleu: Died February 28, 1993 by
gunfire at Waco. All four were examined by a pathologist and died from
identical wounds to the left temple. All four had been body guards for Bill
Clinton, three while campaigning for President and when he was Governor of
Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]
Here’s some
real, complicit cover-up / fraud on the part of the federal government, et als:
October 15, 2010 (*see infra {ultimately delivered by UPS})
Steven M.
Martinez, Assistant Director In Charge
Los Angeles, CA
90024
Dear Sir:
I enclose
herewith 3 copies of the within DVD rom autorun disk (which will open in your
computer’s browser) as per your office’s request as made this day (the disk and
contents have been scanned by Avast, McAfee, and Norton which I’ve installed on
my computer to prevent viral attacks / infection and are without threat). I
also include 1 copy of the DVD as filed with the subject court as referenced
therein (which files are also included on the aforesaid 3 disks in a separate
folder named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the
RICO Act is a criminal statute which provides a civil remedy, including treble
damages and attorney fees, as an incentive for private prosecution of said
claims probably owing to the fact that the USDOJ seems somewhat overwhelmed and
in need of such assistance given the seriousness and prevalence of said
violations of law which have a corrupting influence on the process, and which
corruption is pervasive). A grievance complaint against Coan was also filed
concurrently with the subject action and held in abeyance pending resolution of
the action which was illegally dismissed without any supporting law and in
contravention of the Order of The Honorable Robert N. Chatigny, Chief Judge,
USDC, District Connecticut. The files below the horizontal rule are the
referenced documents as filed. (Owing to the damage to the financial interests
of both the U.S. and the District of Congresswoman Roybal-Allard, viz., Los
Angeles, the Qui Tam provisions of the Federal False Claims Act probably
would apply and I would absent resolution seek to refer the within to a firm
with expertise in that area of the law with which I am not familiar) .
The document in
5 pages under penalty of perjury I was asked to forward to the FBI office in
New Haven is probably the best and most concise summary of the case RICO
Summary to FBI Under Penalty of Perjury at Their Request (5
pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The
correspondence I received from the Congresswoman by way of email attachment
(apparent but typical problem with my mail) along with my response thereto is
included on the 3 disks as
fbicorrespondencereyes.htm . With regard to
the calls to the FBI’s LA and New Haven, CT offices: There was one call to the
LA office and I was referred to the Long Beach, CA office where I personally
met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of
the money laundering which he confirmed as indicative of same (he was
transferred from said office within approximately a month of said meeting and
his location was not disclosed to me upon inquiry). The matter was assigned to
FBI Agent Ron Barndollar and we remained in touch for in excess of a decade
until he abruptly retired (our last conversation prior to his retirement
related to the case and parenthetically, Rudy Giuliani whose father I stated
had been an enforcer for the mob to which he registered disbelief and requested
I prove it, which I did – he served 12 years in prison, aggravated
assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew
Maloney’s the one that prosecuted gotti).
In
contradistinction to the statement in said correspondence, there is a plethora
of information including evidence supporting the claims set forth in
the RICO VERIFIED COMPLAINT (see infra).
Such includes and as set forth in the case, inter alia,
A judgment had
been entered in my favor in the case, United States District Court Case
#3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of
$300,000 remains unaccounted for and which could be used for payment to
creditors, Los Angeles, etc..
Counsel Robert
Sullivan on my behalf documented by way of certification upon investigation
that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false
statement he predicated a retaliatory and spurious contempt proceeding against
me causing substantial damage, and for which he sought Judicial Notice of those
and related proceedings as did I in some of my filings.
The Order of
Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s
failure to file anything whatsoever by the court’s deadline causing creditors
and me substantial damages: [ Shiff Order of Dismissal With
Prejudice on Coan’s Failure to File
Page 1
Page 2
]
Defendant Coan
had filed an action against me to prevent me from suing him which necessitated
me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny,
Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief
as to Coan but precluded my action against Shiff (although there is no
immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a
case under Title 11, USC, etc.) . [ transcript in pertinent part
- crossexamofcoanbypeia.pdf ]
Newly appointed
judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case
despite the conflict of interest in light of hundreds of thousands of dollars
of illegal (drug) money being laundered through the Trump casinos by the RICO
defendants, and despite my motion to recuse her which motion she heard herself
and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to
join or file a separate motion to recuse and not long thereafter left said
office for private practice at Cole, Shotz, et als on retainer with the RICO
defendants as his primary client.
Probative and
evidentiary documents, affidavits, exhibits, including those turned over to FBI
Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney
Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in
Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said
documents and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with the
office, that the file/documents could not be located, and that there was no
further information available concerning contacting him or his location. I
thereupon delivered by hand, copies of said documents to the office of then
U.S. Attorney Alito, addressed to him, with assurance they would go directly to
him. In addition to being inept [ I
looked in on the one mob case he had brought, bungled, lost (accidently on
purpose?) since I was suing some mob-connected under RICO and the court (I had
known / previously met outside of court the judge Ackerman through a client)
was absolute bedlam and a total joke since incompetent corrupt Alito brought in
all 20 mob defendants (rather than prosecute one or a few to flip them first)
who feigning illness had beds/cots in the courtroom along with their moans
during testimony and had the jury in stitches. As much as I hate the mob, it
truly was funny, if not so tragic.], Alito is also corrupt
(and maybe corrupt because he is inept). After a reasonable (but still rather
short) time I called to determine the status and was told that Alito was no
longer with the Office of the U.S. Attorney, that he was (appointed) a federal
judge, and that neither the documents nor any file or record of same could be
located. Alito did parley the same / cover-up into quid pro quo direct lifetime
appointment to the Court of Appeals, 3 rd circuit,
despite the absence of judicial experience or successful tenure as U.S.
Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that now
sits on the purported highest court in the land. The real application of the
illegal rule ‘don’t ask, don’t tell’.
There is
applicable insurance / surety coverage and neither LA, nor creditors, nor I
should continue to have been damaged by this brazened corrupt and illegal
scenario, which should be resolved in accordance with the meaningful rules of
law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5 th Street, #404
Los Angeles, CA
90013
(213) 219-****
(cell phone)
(213) 622-3745
(listed land line but there are unresolved problems with the line, computer
connection may be the reason but I hesitate to chance greater non-performance /
worsening by their ‘fix’ so cell phone best for contact).{recent change
323-786-6651 -magic jack}
----------
*The foregoing
and as indicated therein was previously send 9-14-10 but delivery confirmation
was flawed as set forth below and my inquiries to the u.s. postal service
rebuffed (I believe tampered with inasmuch as your office could not locate
same). This cover letter (9-13-10) is on the 3 disks with navigable hyperlinks
to the subject files for ease of reference, including the files in the RICO
action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who
indicates once again that your office has not received the aforesaid and which
can reasonably be presumed to have been tampered with, and hence, a violation
of the federal statute concerning same. (Ultimately delivered by UPS) ]
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has
promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s
Blog / the grim economic reality
[ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has
promised to hold Wall Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
http://www.albertpeia.com
Sincerely and Regards,
Al Peia
Show us your debt plan A challenge to
the president, his opponents — and you. (Washington Post) [ Come on! This is
disingenuously rhetorical. At the least, you look at reality. Pervasively
corrupt, defacto bankrupt america’s growth days (and hence those rosy
assumptions) are gone forever. Second, you begin with the amount that must be
cut to avoid further dollar debasement among other obfuscating gimmicks which
worsen the dismal scenario ($3 trillion over 10 years doesn’t come close to
doing it). Thirdly, those responsible must be held accountable (and meaningful
law must count for all!). 8 More Reasons
Why You Should Be Deeply Concerned That The U.S. Government Has Lost Its AAA
Credit Rating The Economic Collapse ‘… #8 The U.S.
national debt continues to get worse by the day. Just check out
what economics professor Laurence
J. Kotlikoff recently told NPR …. “If you add up all the promises that have been made for
spending obligations, including defense expenditures, and you subtract all the
taxes that we expect to collect, the difference is $211 trillion. That’s the
fiscal gap” ..’ Deficits And Stimulus Only
Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long time.
US Is in Even Worse Shape
Financially Than Greece: Gross
Maierhofer: ‘ USA INCOME STATEMENT :Total federal
spending in 2010 amounted to $3.456 trillion. Total receipts added up to $2.162
trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011 federal budget
is $3.7 trillion with a projected deficit of$1.6 trillion. … USA
BALANCE SHEET : Consensus estimates for unfunded obligations vary. Mary Meeker pegs the
shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to
be $75 trillion, while other estimates exceed $100 trillion (these amounts are
insurmountable) …’ Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Dave's Daily 'If you can keep interest rates this
low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- Why
The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P Poised For Dropoff, Says
Initial Jobless Claims Forbes / Maureen Farrell
Markets begin week on calmer
note The positive results showed that the markets may be able
to hang on to their gains. (Washington Post) [
The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed ! So what’s changed of significance (other than the full
moon and consequent effects on the lunatic wall street frauds Train Reading: The Stock
Market Is Insane The Wall Street Journal ). Nothing! Stocks rally on bad news, fraud, and b***s*** alone! 3 Reasons Markets Finished Up
For the Third Straight Day Wall St. Cheat Sheet 1) U.S. economic
data. According to the National
Association of Home Builders , builder confidence
in the market for newly built, single-family homes – the National
Association of Home Builders/Wells Fargo Housing Market Index – was unchanged
in August at a low level of 15. Also being reported today was an assessment of
New York-area manufacturing activity, which declined for the third consecutive
month and fell short of economists’ expectations.. 2) Japan. [Come on ... If
the ‘meltdown’ proved anything it’s that Japan’s as bad as america in dealing
with and reporting reality.] Japan’s
economy contracted less than
expected in the second quarter, despite a huge
blow to industry and production dealt by the March 11 earthquake and tsunami.
Gross domestic product declined at an annualized rate of 1.3% in the quarter
ending June 30. Economists had forecast a 2.5% decline.. 3) Crude futures.
After tumbling considerably over the past few weeks, crude-oil futures began to
recover today . Crude for September delivery climbed
roughly 3% today on the New York Mercantile Exchange, giving energy stocks a
boost. Exxon Mobil , BP , Marathon , and Chevron all gained over 3% today …’ In a Downtrend, Sell a Rally (Daily FX) Latest: Economist Who
Predicted Market Crash Warns of 2012 Aftershock. See More Here. ‘Aftershock’
Book Predicts Economic Disaster Amid Controversy Disturbing Charts Show
Economic Meltdown in 2012. See the Evidence. (Newsmax.com) Five Reason Stocks Are
Crashing, Tips to Prepare for Meltdown (Moneynews) Unthinkable
Poised to Happen on Wall Street. See Disturbing Charts. (Newsmax.com) US Recession Is Guaranteed:
Expert CNBC.com
Europe’s crisis and the
psychology of fear (Washington
Post) [ Given the reality and magnitude of Europe’s problems going forward,
dwarfed only by the magnitude of those of pervasively corrupt, defacto bankrupt
america, it brings to mind the words of the former Intel CEO (co-founder) Andy
Grove ‘ Only the paranoid survive’ (of course, having survived the Nazis and
escaped Communist-controlled Hungary in Europe, as a jew, one has to assume his
perspective / outlook was somewhat ‘skewed’ thereby). Yet, let’s not kid
ourselves to the point where virtual survival is threatened and at stake as is
so for the EU. America isn’t alone in the
downgrade spiral (WP) Indeed, the
EU has followed the contra-indicated perma war, evermore worthless Weimar
currency, and a predispositon / tacit acceptance of paper securities schemes /
scams / frauds which are integral to america’s ongoing, albeit obfuscated,
debacle / crisis which given the unfunded debt load pegged at $211 Trillion
among other estimates, is insurmountable and will end quite badly. Poll: Sharp dissatisfaction
with D.C. The public doubts the government can fix the nation’s
economic problems, Post poll shows. An unlikely landlord: Uncle
Sam (WP) [ No
surprise there (the doubts)! Uncle Scam
as landlord? Sounds like a typical scam / fiasco / debacle in the making! Add limey (brits)-looking (green) frogs (french) to the
mix(ed up) in the pervasively corrupt defacto bankrupt disunited states Italy unveils plan to calm
fears of escalating crisis (WP) [ Yeah, dem piigs were back in the news. ’ Dem PIIGS still
got problems. Europe’s debt crisis threatens
Italy (WP) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it here except the punch
line): ‘That’s black bart’s girl’. Pelosi: ‘We are not Greece’ ( but greecy Italy Italians voice concern
over Italian debt crisis scenario [ Whew! Close call! There you go. Nothing to
worry about now that wobama’s got a boehner … so not to be so hard on them; if
pelosi says it, it must be true … Not! …Pervasively corrupt, defacto bankrupt
america, they, she look pretty greecey to me. After all, if the same’s wobama’s
‘far-reaching plan on debt’, we all know ‘wobama the b’ (for b***s***) is total
b***s*** which means like Greecey PIIGS they’ll be back to the trough for more
… slop … py. Deficits And Stimulus Only
Delay The Inevitable Collapse Bob Chapman | America is
insolvent and has been so for a long time. US Is in Even Worse Shape
Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘ USA INCOME STATEMENT :Total federal spending in 2010 amounted to $3.456 trillion. Total
receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294
trillion.The 2011 federal budget is $3.7 trillion with a projected deficit
of$1.6 trillion. … USA BALANCE SHEET : Consensus estimates for unfunded obligations vary. Mary Meeker pegs the
shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to
be $75 trillion, while other estimates exceed $100 trillion (these amounts are
insurmountable) …’ Famed economist predicts economic
calamity in 2012. See the evidence.Newsmax
http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 Watch for fake gov’t data / reports owing
to political desperation! Why You Shouldn't Buy Into
This Plunge Forbes/ O'Neil‘The market is building momentum
to the downside’. Wall Street closes worst week since '08 with wild day NEW YORK
(Reuters) S&P on U.S. downgrade:
Debt pact 'falls short' - Reuters S&P downgrades US credit rating from AAA S&P Shocks the U.S. with Credit
Downgrade to AA+ from Prestigious AAA Rating Wall St. Cheat
Sheet What Recovery? Forbes ‘…we can’t call this a recovery. There’s no
reason to celebrate when a job report was better than expected. Why? Because
the expectation was abysmal to begin with. And while we’re at it, we can’t
ignore increasing sovereign debt problems in Europe…’ ‘Top 3 Reasons Markets Erased
the Year’s Gains Wall St. Cheat Sheet
1) Japan and Europe 2) Unemployment.3) Capital goods - billions of dollars
in lost revenue. Financial Crisis Phase II Is
Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown , predicting the global crisis that occurred the following year. I now
see a similar confluence of events that warns of phase II of the global
crisis… My work shows that “the new recession has started.”… Over the past 33
years, we have called the start of every recession, often on the exact month,
or within one month, of the official start as determined one year later by the
official arbiter of recession, the National Bureau of Economic Research (NBER)…
However, inflation is far understated for political reasons. Currently, the GDP
deflator is 1.8%, which hardly reflects the true rise in prices. Therefore,
what is counted as “growth,” is actually price increases. Actual inflation,
according to free market economists who calculate inflation as it was done in
1980 before the politician re-engineered it, is now more than 11%. Using that
to adjust GDP for inflation, would show that the economy is now in a very sharp
contraction…’FLASHBACK HERE: Selling In May Is Very Good
Advice This Year Harding
Remember: Sell in May and Go Away and If You’ve Not Sold
by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [
He’s not alone! PRECHTER: We're Still In A
Massive Bear Market And Stocks Will Crash To New Lows Stock Market: 4 Current
Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling.
At 565 sells for every 1 buy, it’s never been higher.
Krauthammer: Our political
system is working well (Washington Post) [ Wow! There was a time back in the late
sixties, early seventies when there were these long-haired people chastised by
the so-called ‘establishment’ that would have just loved to be doin’ whatever
it is that Mr. Krauthammer’s been doing to arrive at such a conclusion, so
glaringly devoid of any reality whatsoever. Psychedelics, hallucinogens, magic
mushrooms; what could it be that has brought Mr. Krauthammer into this fantasy
world where even ‘Alice’ of Wonderland fame might feel comfortable in this
netherland (sic) / netherworld created from the depths of Mr. Krauthammer’s
imagination. I’m truly at a loss for words. After all, the warning by the
underrated but great President General Eisenhower of the impending inherent
danger of the military industrial complex came to fruition with the
assassination of JFK and the reality of a coup d’etat thereby. All presidents,
along with the two remaining branches of the pervasively corrupt, defacto
bankrupt american government since have been at best stooges for such as the
military industrial complex, the banksters / frauds on wall street, etc., to
the substantial detriment of the vast majority in this country and throughout
the world (ie., perma wars, huge securities frauds still extant / now marked to
anything as per congressional FASB rule change, and unprosecuted. Beyond the
immediate reach, or at least ‘penetration’ of american propaganda, an
intelligent and astute individual, Legendary Investor Jeremy
Grantham: America is a Banana Republic Washington’s
Blog | Just different bananas perhaps? { Of course this is absolutely true!
And not just from the meaningfully lawless perspective – I had made such a
statement on the record in a LA Superior Court Appellate Dept. proceeding in
which said court literally ignored the law (the same is true of the costly,
plushly accoutered lifetime appointee federal courts) which courts should
indeed be abolished in these difficult economic / budgetary times.
Additionally, from pervasive corruption, to debased over-printed currency, to
gunboat diplomacy, to total incompetence, etc., america is indeed a banana
republic at most. } I didn’t see the
debates {what does it matter what they say – the egregious ‘wobama the b’ (for
b***s***) fatigue factor / experience} nor have I read Mr. Robinson’s article,
‘ GOP Debate Land ’ but I’m sure
I’d agree with his conclusion, ‘I
didn’t recognize the America the GOP candidates described;’ but unfortunately,
I do recognize the pervasively corrupt, defacto bankrupt america of ‘wobama the
b’ (for b***s***), failed president like his predecessor, moron war criminal
dumbya bush, that he is. The powerless president Obama remains indecisive, and ignored, as
larger forces bring down the country. Robinson: S&P downgrades
the GOP (WP) [
Riiiiight! It’s everything but ‘wobama the b’ (for b***s***) that’s to blame
for the nation’s meltdown according to wobama aficionados / intractable wobama
apologists, Messieurs Milbank and Robinson. Sweet Mr. Milbank even points to
wobama’s personal character flaws (among many unmentioned) to exculpate the
failed president wobama. Wobama’s failed miserably and yet had the easiest act
in the world to follow in the persona of fellow failed president war criminal
dumbya bush whose failed policies up to the real start of the election cycle
he’s largely followed. After all, Mr. Robinson, how different really are the
parties these days when profligate spending on illegal, unnecessary wars was
continued when democrats controlled congress, and then even the executive
office when continuing failed president and war criminal dumbya bush’s nation
bankrupting, nation destroying war policies, protection for unprecedentedly
huge wall street frauds, bush tax cut extensions for the wealthy, and then some
(spending on top of it). Drudgereport: HARRY BELAFONTE: Obama 'has failed'... NOONAN: 'HE IS A LOSER'... GALLUP: 40% APPROVAL...
Obama takes debt battle to TWITTER, loses more than
33,000 followers... FARRAKHAN: 'THAT'S A MURDERER IN THE WHITE HOUSE'...
Most importantly, realize that if
wobama’s actions had not belied his words/campaign promises, the nation’s
position, though still ominous, would have been substantially improved.
Poll: Sharp dissatisfaction
with D.C. The public doubts the government can fix the nation’s
economic problems, Post poll shows. An unlikely landlord: Uncle
Sam (Washington
Post) [ No surprise there (the doubts)!
Uncle as landlord? Sounds like a typical scam / fiasco / debacle in the making!
Add limey (brits)-looking (green) frogs (french) to the mix(ed up) in the
pervasively corrupt defacto bankrupt disunited states Italy unveils plan to calm
fears of escalating crisis (Washington Post) [ Yeah, dem piigs were back in the news. ’ Dem PIIGS still
got problems. Europe’s debt crisis threatens
Italy (WP) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it here except the punch
line): ‘That’s black bart’s girl’. Pelosi: ‘We are not Greece’ ( but greecy Italy Italians voice concern
over Italian debt crisis scenario [ Whew! Close call! There you go. Nothing to
worry about now that wobama’s got a boehner … so not to be so hard on them; if
pelosi says it, it must be true … Not! …Pervasively corrupt, defacto bankrupt
america, they, she look pretty greecey to me. After all, if the same’s wobama’s
‘far-reaching plan on debt’, we all know ‘wobama the b’ (for b***s***) is total
b***s*** which means like Greecey PIIGS they’ll be back to the trough for more
… slop … py. Deficits And Stimulus Only
Delay The Inevitable Collapse Bob Chapman | America is
insolvent and has been so for a long time. US Is in Even Worse Shape
Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘ USA INCOME STATEMENT :Total federal spending in 2010 amounted to $3.456 trillion. Total
receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294
trillion.The 2011 federal budget is $3.7 trillion with a projected deficit
of$1.6 trillion. … USA BALANCE SHEET : Consensus estimates for unfunded obligations vary. Mary Meeker pegs the
shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to
be $75 trillion, while other estimates exceed $100 trillion (these amounts are
insurmountable) …’ Famed economist predicts economic
calamity in 2012. See the evidence.Newsmax
http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 Watch for fake gov’t data / reports owing
to political desperation! Why You Shouldn't Buy Into
This Plunge Forbes/ O'Neil‘The market is building momentum
to the downside’. Wall Street closes worst week since '08 with wild day NEW YORK
(Reuters) S&P on U.S. downgrade:
Debt pact 'falls short' - Reuters S&P downgrades US credit rating from AAA S&P Shocks the U.S. with Credit
Downgrade to AA+ from Prestigious AAA Rating Wall St. Cheat
Sheet What Recovery? Forbes ‘…we can’t call this a recovery. There’s no
reason to celebrate when a job report was better than expected. Why? Because
the expectation was abysmal to begin with. And while we’re at it, we can’t
ignore increasing sovereign debt problems in Europe…’ ‘Top 3 Reasons Markets Erased
the Year’s Gains Wall St. Cheat Sheet
1) Japan and Europe 2) Unemployment.3) Capital goods - billions of
dollars in lost revenue. Financial Crisis Phase II Is
Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown , predicting the global crisis that occurred the following year. I now
see a similar confluence of events that warns of phase II of the global
crisis… My work shows that “the new recession has started.”… Over the past 33
years, we have called the start of every recession, often on the exact month,
or within one month, of the official start as determined one year later by the
official arbiter of recession, the National Bureau of Economic Research (NBER)…
However, inflation is far understated for political reasons. Currently, the GDP
deflator is 1.8%, which hardly reflects the true rise in prices. Therefore,
what is counted as “growth,” is actually price increases. Actual inflation,
according to free market economists who calculate inflation as it was done in
1980 before the politician re-engineered it, is now more than 11%. Using that
to adjust GDP for inflation, would show that the economy is now in a very sharp
contraction…’FLASHBACK HERE: Selling In May Is Very Good
Advice This Year Harding
Remember: Sell in May and
Go Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards:
Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER: We're Still In A
Massive Bear Market And Stocks Will Crash To New Lows Stock Market: 4 Current
Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling.
At 565 sells for every 1 buy, it’s never been higher.
European economies brace as
Germany slows Discouraging news about the pace of growth came just
hours before German and French leaders called for new steps to impose
discipline on governments whose lax budget practices prompted the debt crisis.
(Washington Post) [ First, let’s call this economic scenario what it is; viz.,
the ‘d’ word … ‘depression’. For those who find that term unutterable, then
‘double-dip recession’ is the term for you. All the dollar debasement
(over-printing, etc.) for the benefit of the frauds on wall street et als to
the substantial detriment of everyone else can’t change and has exacerbated and
obfuscated this fact. Moreover, there has been a manipulated churn-and-earn
high-frequency trading bubble-bull cycle in what is unmistakably a secular bear
market. Famed economist predicts economic
calamity in 2012. See the evidence.Newsmax
http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50% unemployment, 90% stock
market drop, 100% inflation. See the Evidence (Newsmax.com) ‘ Robert Wiedemer’s new book, “Aftershock: Protect Yourself
and Profit in the Next Global Financial Meltdown,” quickly is becoming the
survival guide for the 21st century. And Newsmax’s eye-opening Aftershock
Survival Summit video, with exclusive interviews and prophetic predictions,
already has affected millions around the world — but not without ruffling a few
feathers. [ The instant video on the economic / financial collapse
from Stansberry and Associates is so well researched and succinctly presented
that I’ve archived same on my website; also, because the
facts and views presented comport with the facts and views I’ve presented on my
site which I believe to be correct. This is a must-view, must-see that I
strongly recommend ! The
complete url: http://www.albertpeia.com/stansberrysinvestmentadvisory.flv ) http://www.albertpeia.com/stansberrysinvestmentadvisory.mp4 Written text of presentation (without
pictures / charts)] [A lot of pre-election year obfuscation,
manipulation but the debacle is already here:
Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010
or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will
Occur Between 2010 and 2012). Forecasts from
Dent, Napier, and then Prechter: Depression is
Imminent The Dow Jones Industrial Average will go down to at least 1000, most
likely to below 777 which was the starting point of its mania back in August
1982, and quite likely drop below 400 at one or more times during the bear
market.
Make way for the ‘super
bundlers’
The 2010 elections saw the rise of “Super PACs.” In 2012 it will be a
new breed of fundraisers. (Washington Post) [ ‘Super bundlers’? If Mr. Eggen
had said ‘facilitators for the super bunglers’, I would have recognized what he
meant. But, ‘super bundlers’ immediately brings to mind another kind of fraud /
scam, viz., those ‘bundled’ toxic asset worthless paper securities things so
lucratively popularized by the frauds on wall street with the blessing of their
‘amen corner’ in Washington to the detriment of this and other nations and
particularly this nation’s taxpayers / middleclass who’ve been decimated. If he
had called them what they more realistically are, viz., visible slush funds for
those visible invisible quid pro quo / bribe schemes, welfare of the nation be
damned, I indeed would have known what I think he meant. Is Obama’s fate written in
numbers? Recent economic data amounts to a
formidable headwind for any incumbent president hoping for a second term. And
Democrats worry time is running out. (Washington Post) [ Let’s just say the
fate of ‘wobama the b’ (for b***s***) is written, period. Quite simply, he’s
done! Here’s a picture of obama voters / backers: http://www.albertpeia.com/wobamavoters.gif . ‘Don’t cry for him new
argentina, the truth is he really screwed you’ … well you know that familiar
theme and can ad lib, insert your own words!
It’s still Obama’s party Why he won’t face a primary challenge: Republicans and racial politics.
(Washington Post) [ It’s true … so
right you are! Al Gore’s even pitchin’ in by donating the talents of his long
lost secret love child, ‘Leslie Gore’ to pen and sing a song in wobama’s honor
(kidding) which goes something like this , ‘It’s his party and he’ll cry if he
wants to, cry if he wants to, cry if he wants to, you would cry too, if obama
happened to you … Well, there you go … if the song says it it
must be true. Yeah! And those dern republicans and their racial politics … UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore
cases that involve black defendants and white victims' – Time to get whitey, at
last, at last, etc., say holder / wobama who go on to say ‘and they ain’t
talking about Whitey Bulger, the mobster, either!’ Postal Service seeking 20
percent staff cut EXCLUSIVE | In cost-cutting bid,
USPS also proposes withdrawing employees from existing health and retirement
plans and creating its own benefit programs. Congress would need to sign off.
(Washington Post) [ I think it’s a great idea. Indeed, 50% would be
substantially better. Even better yet, UPS should take over their entire
operation. After all, UPS is well managed and efficient; and also, very
reliable. On the other hand, the USPS is poorly managed, inefficient, and very
unreliable: October 15, 2010 (*see
infra {ultimately delivered by UPS}) The following is my comment to an LA Times article regarding a Justice
Department cover-up! As for your inquiry, all I think about day and night is a
long overdue resolution to the RICO litigation as set forth therein:
I believe him!
I truly empathize
with the ATF in terms of government cover-ups, notably by even the DOJ. You’ll
recognize some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has
dual citizenship with Italy), and some familiar crimes (ie., drug money
laundering, etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know
this about the following ATF Agents who were probably viewed as loose ends: Steve
Willis, Robert Williams, Todd McKeahan & Conway LeBleu: Died February 28, 1993 by
gunfire at Waco. All four were examined by a pathologist and died from
identical wounds to the left temple. All four had been body guards for Bill
Clinton, three while campaigning for President and when he was Governor of
Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]
Here’s some
real, complicit cover-up / fraud on the part of the federal government, et als:
October 15, 2010 (*see infra {ultimately delivered by UPS})
Steven M.
Martinez, Assistant Director In Charge
Los Angeles, CA
90024
Dear Sir:
I enclose
herewith 3 copies of the within DVD rom autorun disk (which will open in your
computer’s browser) as per your office’s request as made this day (the disk and
contents have been scanned by Avast, McAfee, and Norton which I’ve installed on
my computer to prevent viral attacks / infection and are without threat). I
also include 1 copy of the DVD as filed with the subject court as referenced
therein (which files are also included on the aforesaid 3 disks in a separate
folder named ‘112208opocoan’). The (civil) RICO action (as you’re aware, the
RICO Act is a criminal statute which provides a civil remedy, including treble
damages and attorney fees, as an incentive for private prosecution of said
claims probably owing to the fact that the USDOJ seems somewhat overwhelmed and
in need of such assistance given the seriousness and prevalence of said
violations of law which have a corrupting influence on the process, and which
corruption is pervasive). A grievance complaint against Coan was also filed
concurrently with the subject action and held in abeyance pending resolution of
the action which was illegally dismissed without any supporting law and in
contravention of the Order of The Honorable Robert N. Chatigny, Chief Judge,
USDC, District Connecticut. The files below the horizontal rule are the
referenced documents as filed. (Owing to the damage to the financial interests
of both the U.S. and the District of Congresswoman Roybal-Allard, viz., Los
Angeles, the Qui Tam provisions of the Federal False Claims Act probably
would apply and I would absent resolution seek to refer the within to a firm
with expertise in that area of the law with which I am not familiar) .
The document in
5 pages under penalty of perjury I was asked to forward to the FBI office in
New Haven is probably the best and most concise summary of the case RICO
Summary to FBI Under Penalty of Perjury at Their Request (5 pages)
[ ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The
correspondence I received from the Congresswoman by way of email attachment
(apparent but typical problem with my mail) along with my response thereto is
included on the 3 disks as
fbicorrespondencereyes.htm . With regard to
the calls to the FBI’s LA and New Haven, CT offices: There was one call to the
LA office and I was referred to the Long Beach, CA office where I personally
met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of
the money laundering which he confirmed as indicative of same (he was
transferred from said office within approximately a month of said meeting and
his location was not disclosed to me upon inquiry). The matter was assigned to
FBI Agent Ron Barndollar and we remained in touch for in excess of a decade
until he abruptly retired (our last conversation prior to his retirement
related to the case and parenthetically, Rudy Giuliani whose father I stated
had been an enforcer for the mob to which he registered disbelief and requested
I prove it, which I did – he served 12 years in prison, aggravated
assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew
Maloney’s the one that prosecuted gotti).
In
contradistinction to the statement in said correspondence, there is a plethora
of information including evidence supporting the claims set forth in
the RICO VERIFIED COMPLAINT (see infra).
Such includes and as set forth in the case, inter alia,
A judgment had
been entered in my favor in the case, United States District Court Case
#3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in excess of
$300,000 remains unaccounted for and which could be used for payment to
creditors, Los Angeles, etc..
Counsel Robert
Sullivan on my behalf documented by way of certification upon investigation that
Alan Shiff, USBCJ, had falsely stated a dismissal upon which false statement he
predicated a retaliatory and spurious contempt proceeding against me causing
substantial damage, and for which he sought Judicial Notice of those and
related proceedings as did I in some of my filings.
The Order of
Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant Coan’s
failure to file anything whatsoever by the court’s deadline causing creditors
and me substantial damages: [ Shiff Order of Dismissal With
Prejudice on Coan’s Failure to File
Page 1
Page 2
]
Defendant Coan
had filed an action against me to prevent me from suing him which necessitated
me to fly to Connecticut for a hearing before The Honorable Robert N. Chatigny,
Chief Judge, USDC, District of Connecticut, who denied Coan’s requested relief
as to Coan but precluded my action against Shiff (although there is no
immunity, judicial or otherwise, for criminal acts, ie., fraud connected with a
case under Title 11, USC, etc.) . [ transcript in pertinent part
- crossexamofcoanbypeia.pdf ]
Newly appointed
judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO case
despite the conflict of interest in light of hundreds of thousands of dollars
of illegal (drug) money being laundered through the Trump casinos by the RICO
defendants, and despite my motion to recuse her which motion she heard herself
and denied, and U.S. Trustee Hugh Leonard with whom I met personally refused to
join or file a separate motion to recuse and not long thereafter left said
office for private practice at Cole, Shotz, et als on retainer with the RICO
defendants as his primary client.
Probative and
evidentiary documents, affidavits, exhibits, including those turned over to FBI
Agent Jeff Hayes in Long Beach, CA, had been given to Assistant U.S. Attorney
Jonathan Lacey with whom I met personally at the U.S. Attorney’s Office in
Newark, N.J., at which time Samuel Alito was U.S. Attorney, and went over said
documents and their probative value with him. Within approximately a month
thereafter upon inquiry I was told that Jonathon Lacey was no longer with the
office, that the file/documents could not be located, and that there was no
further information available concerning contacting him or his location. I
thereupon delivered by hand, copies of said documents to the office of then
U.S. Attorney Alito, addressed to him, with assurance they would go directly to
him. In addition to being inept [ I
looked in on the one mob case he had brought, bungled, lost (accidently on
purpose?) since I was suing some mob-connected under RICO and the court (I had
known / previously met outside of court the judge Ackerman through a client)
was absolute bedlam and a total joke since incompetent corrupt Alito brought in
all 20 mob defendants (rather than prosecute one or a few to flip them first)
who feigning illness had beds/cots in the courtroom along with their moans
during testimony and had the jury in stitches. As much as I hate the mob, it
truly was funny, if not so tragic.], Alito is also corrupt
(and maybe corrupt because he is inept). After a reasonable (but still rather
short) time I called to determine the status and was told that Alito was no
longer with the Office of the U.S. Attorney, that he was (appointed) a federal
judge, and that neither the documents nor any file or record of same could be
located. Alito did parley the same / cover-up into quid pro quo direct lifetime
appointment to the Court of Appeals, 3 rd circuit,
despite the absence of judicial experience or successful tenure as U.S.
Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that now
sits on the purported highest court in the land. The real application of the
illegal rule ‘don’t ask, don’t tell’.
There is
applicable insurance / surety coverage and neither LA, nor creditors, nor I
should continue to have been damaged by this brazened corrupt and illegal
scenario, which should be resolved in accordance with the meaningful rules of
law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5 th Street, #404
Los Angeles, CA
90013
(213) 219-****
(cell phone)
(213) 622-3745
(listed land line but there are unresolved problems with the line, computer
connection may be the reason but I hesitate to chance greater non-performance /
worsening by their ‘fix’ so cell phone best for contact).{recent change
323-786-6651 -magic jack}
----------
*The foregoing
and as indicated therein was previously send 9-14-10 but delivery confirmation
was flawed as set forth below and my inquiries to the u.s. postal service
rebuffed (I believe tampered with inasmuch as your office could not locate
same). This cover letter (9-13-10) is on the 3 disks with navigable hyperlinks
to the subject files for ease of reference, including the files in the RICO
action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC Secretary, who
indicates once again that your office has not received the aforesaid and which
can reasonably be presumed to have been tampered with, and hence, a violation
of the federal statute concerning same. (Ultimately delivered by UPS) ]
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has
promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s
Blog / the grim economic reality
[ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has
promised to hold Wall Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
http://www.albertpeia.com
Sincerely and Regards,
Al Peia
The new Manchurian candidate The sad facts
behind Rick Perry’s Texas ‘miracle’. (Washington Post) [ I haven’t looked too
closely at this yet. After all, bushed of bushes and then there was johnson
who’ve really done enough damage to warrant looking askance. Yet, there’s Ross
Perot (not running) and Ron Paul; and of course, the great but substantially
underrated President General Eisenhower was born there though raised in Kansas.
To his credit, he’s railed against the incompetent wall street fraud oriented
fed though one must still say of same, better late than never. It’s that bushie
/ johnson war thing that gives pause. Then there’s the gore / lieberman / nafta
/ now / bilderberg connection … what’s up with that? (to quote Keenan Thompson
of SNL fame). Then there’s the Austin, Texas – based infowars.com / prisonplanet.com
/ Jone contingent who remain unconvinced:
Tell Rick Perry that there was
NO ‘Texas Miracle’ Len Hart | The only
pockets lined by GOP largesse (pork) are the pockets of an increasingly tiny
ruling elite now just 1 percent of the total US population. Rick Perry’s
Campaign Strategy: Become Ron Paul Steve Watson | Texas Governor
promotes fiscal responsibility while his own state sits on a $13.4 billion
deficit.
Stocks end 3-day rally U.S. stocks
fall after a weak growth report in Europe rekindled fears about a global
economic slowdown. (Washington Post) [ Let’s not kid ourselves, if it’s ‘not
happening’ in Germany, it’s not happening; b***s***, spin, and politicking
aside. Japan’s numbers, bad as they were, are too americanized to be believed
and pervasively corrupt, defacto bankrupt american numbers are just plain
‘american’ (which if you’re not paying attention, is very negative. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! So
what’s changed of significance (other than previous full moon and consequent
effects on the lunatic wall street frauds Train Reading: The Stock
Market Is Insane The Wall Street Journal ). Nothing! Stocks rally off lows on bad news, fraud, and b***s*** alone! There's A Recession Coming
According To The Data at Forbes ,
Dell
braces investors for a bumpy road 16 Aug 2011 Dell makes a case on
why it can better weather an upcoming storm,
S&P says sell Google's shares after Motorola deal ,
STOCKS FALL AFTER FLOOD OF BAD
NEWS: Here's What You Need To Know
Joe Weisenthal , Stocks Slip On Concern Over Europe's
Debt, U.S. Data , Watch Out: 2011 Looks A Lot
Like The Market Top In 2007 Take A Lesson From 2007 And
Sell Stocks Now at Forbes, [video] Trader: We Could Test
1120 Lows at TheStreet.com
In a Downtrend, Sell a Rally (Daily FX) Latest: Economist Who
Predicted Market Crash Warns of 2012 Aftershock. See More Here. ‘Aftershock’ Book Predicts
Economic Disaster Amid Controversy Disturbing Charts Show
Economic Meltdown in 2012. See the Evidence. (Newsmax.com) Five Reason Stocks Are
Crashing, Tips to Prepare for Meltdown (Moneynews) Unthinkable
Poised to Happen on Wall Street. See Disturbing Charts. (Newsmax.com) US Recession Is Guaranteed:
Expert CNBC.com Absolutely nothing, yet a manipulated
computer-programmed ( high frequency trading bots ) churn-and-earn suckers’ rally based on desperation,
fraud and b***s*** alone (ie., backward looking, ‘revisions’, faked data, etc.)
to keep suckers suckered, which makes for an especially great opportunity to
sell / take profits since there’s much, much worse to come
Perry attack puts pressure on
Fed ANALYSIS | The central bank is supposed to make its
decisions based on economics, not politics. Perry takes aim at Bernanke (Washington Post) [ When you’re right,
you’re right. Can’t take that away from him. What can the Federal Reserve
do? With the U.S. economy at risk of a double-dip recession,
the central bank lacks tools to do anything. (Washington Post) [ Oh I’d say
they’ve done quite enough … wouldn’t you? … Is Bernanke Failing His Fed
Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I mean,
come on! This catering to fraudulent wall street was a loser ab initio! That
so-called ‘wealth effect’ market froth was used previously by senile ‘maestro’
greenspan and failed miserably except for the frauds on wall street who
commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ] In his June 7
speech, Fed Chairman Ben Bernanke stated, “the best way for the Federal Reserve
to support the fundamental value of the dollar in the medium term is to pursue
our dual mandate of maximum employment and price stability, and we will
certainly do that.”
..
Bernanke’s results .. since Ben took the reins:
Feb ’06 – April ’11
Items in a Typical Budget
% Change
Food and Beverages
16.54%
Water and sewer and trash collection services
31.88%
Rent of primary residence
13.82%
Housing
8.68%
Fuels and Utilities
11.93%
Apparel
4.83%
Medical Care
20.11%
Gasoline (all types)
65.12%
Transportation
23.36%
Tuition, other school fees, and childcare
29.28%
Recreation
2.87%
..
The standard unemployment rate most often used by the Fed is currently at 9.1%,
up 90% since Bernanke started. The more inclusive (realistic) U6 number
stands at 15.8%, up 75% in the same period. The Civilian Participation
Rate has declined 2.87% to 64.2%.
This
is the lowest level the U.S. has seen since March, 1984. The decline
amounts to 8,946,844 fewer Americans in the labor force. Had they not
dropped out because of a lack of jobs, the “official” unemployment rate would
be significantly higher. While we can debate the meaning of the term
maximum employment, it is clear that the jobs data has deteriorated
considerably since Bernanke took the reins at the Fed. ..
In
conclusion, it is evident that Ben Bernanke is failing his mandates. We
believe it must come down to one of the following reasons:
1.
Bernanke does not know how to achieve his mandates;
2.
The policy tools employed don’t work;
3.
He does not have the ability to implement policies that would work;
4.
He is not trying to achieve his mandates;
5.
He has goals other than his legal mandates;
6.
He does not look at the data, and believes he is succeeding.
Matt
Marcewicz & Robert Barone, Ph.D. .. ‘
Market plunge reawakens
recession fears Bleak numbers for U.S. jobs, housing and manufacturing
compounded the anxiety over European woes, sparking a market sell-off and
wiping out the major U.S. indexes’ gains from earlier this week. (Washington
Post) [ The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed ! Train Reading: The Stock
Market Is Insane The Wall Street Journal Stocks rally off lows to suck suckers
in and keep suckers sucked in on bad news ( Jobless Claims, Inflation Rise
More Than Expected CNBC) , fraud ( SEC
destroyed documents, senator says ) , and b***s***
alone! MKM Bracing For SPY To Drop 8%
More; Nasdaq Nearing August Lows Barrons.com, WHY NEW LOWS ARE LIKELY 8-18-11 Maierhofer, Is It 2008 Again? Looking at the
Summer Crash of 2011 Gayed ‘A real bear market has begun …’ , Abandon Ship ?[The USS Titanic] Yes, Because of These 5 Bearish
Icebergs ...
McGill , There's A Recession Coming
According To The Data at Forbes ,
HP, Dell hammered as tech-spending outlook darkens JDSU,
NetApp, disappointing figures, shares hit hard in after-hours trade Dell
braces investors for a bumpy road Dell makes a case on why it can
better weather an upcoming storm , S&P says sell Google's shares after Motorola deal ,
STOCKS FALL AFTER FLOOD OF BAD
NEWS: Here's What You Need To Know
Joe Weisenthal , Stocks Slip On Concern Over Europe's
Debt, U.S. Data , Watch Out: 2011 Looks A Lot
Like The Market Top In 2007 Take A Lesson From 2007 And
Sell Stocks Now at Forbes, [video] Trader: We Could Test
1120 Lows at TheStreet.com
In a Downtrend, Sell a Rally (Daily FX) Latest: Economist Who
Predicted Market Crash Warns of 2012 Aftershock. See More Here. Famed economist predicts economic
calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50% unemployment, 90% stock
market drop, 100% inflation. See the Evidence (Newsmax.com) Five Reason Stocks Are
Crashing, Tips to Prepare for Meltdown (Moneynews) Unthinkable
Poised to Happen on Wall Street. See Disturbing Charts. (Newsmax.com) US Recession Is Guaranteed:
Expert CNBC]
Obama issues first explicit
call for Syrian president to resign The rhetorical escalation was
backed by sanctions designed to undermine military operations. (Washington Post)
[ The reply: right after you wobama for gross incompetence, for harboring war
criminals bush and cheney et als, for unconstitutional exercise of war powers
alluded to by congressional members, for fraud in the inducement and factum
(false campaign statements/promises), and as soon as you return that ridiculous
thing called the ‘nobel peace prize’ belied by your actions, etc.. Come on! Who
takes this clown, ‘wobama the b’ (for b***s***), seriously. He’s a total joke
and totally pathetic at once! Robinson: Obama won the Iowa
Straw Poll (Washington Post)
[ Oh riiiiight! What, on the theory that so long as you don’t hear wobama the
b’s (for b***s***) words which invariably belie his actions or non-actions, it’
a victory for wobama? I don’t think so; nor does the overwhelming, including
the unpolled, majority! Is Obama’s fate written in
numbers? Recent economic data amounts to a formidable headwind
for any incumbent president hoping for a second term. And Democrats worry time
is running out. (Washington Post) [ Let’s just say the fate of ‘wobama the b’
(for b***s***) is written, period. Quite simply, he’s done! Here’s a picture of
obama voters / backers: http://www.albertpeia.com/wobamavoters.gif . ‘Don’t cry for him new argentina, the
truth is he really screwed you’ … well you know that familiar theme and can ad
lib, insert your own words! It’s still Obama’s party Why he won’t
face a primary challenge: Republicans and racial politics. (Washington Post)
[ It’s true … so right you are! Al
Gore’s even pitchin’ in by donating the talents of his long lost secret love
child, ‘Leslie Gore’ to pen and sing a song in wobama’s honor (kidding) which
goes something like this , ‘It’s his party and he’ll cry if he wants to, cry if
he wants to, cry if he wants to, you would cry too, if obama happened to you …
Well, there you go … if the song says it it must be true. Yeah! And
those dern republicans and their racial politics … UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims' – Time to get whitey, at last, at
last, etc., say holder / wobama who go on to say ‘and they ain’t talking about
Whitey Bulger, the mobster, either!’ The powerless president Obama remains indecisive, and ignored, as
larger forces bring down the country. Robinson: S&P downgrades
the GOP (Washington
Post) [ Riiiiight! It’s everything but ‘wobama the b’ (for b***s***) that’s to
blame for the nation’s meltdown according to wobama aficionados / intractable
wobama apologists, Messieurs Milbank and Robinson. Sweet Mr. Milbank even
points to wobama’s personal character flaws (among many unmentioned) to
exculpate the failed president wobama. Wobama’s failed miserably and yet had the
easiest act in the world to follow in the persona of fellow failed president
war criminal dumbya bush whose failed policies up to the real start of the
election cycle he’s largely followed. After all, Mr. Robinson, how different
really are the parties these days when profligate spending on illegal,
unnecessary wars was continued when democrats controlled congress, and then
even the executive office when continuing failed president and war criminal
dumbya bush’s nation bankrupting, nation destroying war policies, protection
for unprecedentedly huge wall street frauds, bush tax cut extensions for the
wealthy, and then some (spending on top of it). Details of Obama’s jobs plan
emerge President is thinking about proposing tax cuts for
companies that hire workers, new spending for roads and construction, and other
measures that target the long-term unemployed, administration officials say.
(Washington Post) [ Oh come on! Too
little, too late for ‘wobama the b’ (for b***s***), the eternal campaign(er) …
he’s got a ‘good rap’ … that rapper ‘wobama the b’ (for b***s***). Really! He’s a total embarrassment out there
on the campaign trail; and just as much an embarrassment for those who turn out
to see him … maybe he’s somewhat of an allure as in a freak show. He’s a total
joke! To be finally talking jobs and things just before the election having
broken previous campaign promises in his failed role as ‘bush failure 3’. Even
his pension is undeserved so much a fraud is he! Black caucus: Tired of making
excuses for Obama [ They are not alone! ] Washington Examiner | A key member
of the Congressional Black Caucus says they don’t pressure President Obama
because he is loved by black voters. Obama ‘Takes
More Vacations Than Any Human Being I’ve Ever Seen’ Fox News |
“Here we have a country that really is going to hell in a handbasket.” Bus Tour Bust:
Obama’s Approval Plummets Back Into 30s, Says Gallup CNS News |
Obama’s politically charged but taxpayer funded bus tour through the Midwest
turned into a bust yesterday. Disapproval of
Congress Hits All Time High of 84% Paul Joseph Watson | Americans are
more upset with political leadership than ever before.
Drudgereport: BLACK CAUCUS ON OBAMA: 'WE'RE GETTING
TIRED' ]New low of 26% approve of Obama on
economy... Inflation builds... FOOD PRICES RISING... UNEMPLOYMENT UP... OBAMA TO LAY OUT JOBS PLAN -- AFTER VACATION... 'Takes More Vacations Than Any Human Being I've Ever
Seen'... Commiserates with jobless, then off to the
Vineyard...
Even that italian, belafonte, isn’t buying ‘wobama brand(ed)’:
Drudgereport: HARRY BELAFONTE: Obama 'has failed'... NOONAN: 'HE IS A LOSER'... GALLUP: 40% APPROVAL...
Obama takes debt battle to TWITTER, loses more than
33,000 followers... FARRAKHAN: 'THAT'S A MURDERER IN THE WHITE HOUSE'...
Most importantly, realize that if wobama’s
actions had not belied his words/campaign promises, the nation’s position,
though still ominous, would have been substantially improved. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has
promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s
Blog / the grim economic reality
[ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has
promised to hold Wall Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Democrats strike back on taxes Obama and
others are gambling that voters will see GOP’s stance as recalcitrant and
out-of-touch. (Washington Post) [ Ooooh! ‘The Empire Strikes Back’! They’ve
done it again! Brilliant political gambit! Checkmate in 2 … 012 … NOT! … Come
on! While perma-war/wall-street-fraud-etc.-lovin’ republicans, as democrats,
are complicit in this mess called pervasively corrupt, defacto bankrupt
disunited states of america, recalcitrance and out-of-touch is hardly the
exclusive province of one party or the other which have in large measure
morphed into one conglomeration of venality, self-interest, crime, incompetence
and corruption. Actions, not words, count! Results count! How ‘bout recounting
the actions, results! Dismal at best, globally embarrassing at worst! Italy unveils plan to calm
fears of escalating crisis (WP) [ Yeah, dem piigs were back in the news. ’ Dem PIIGS still
got problems. Europe’s debt crisis threatens
Italy (WP) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it here except the punch
line): ‘That’s black bart’s girl’. Pelosi: ‘We are not Greece’ ( but greecy Italy Italians voice concern
over Italian debt crisis scenario [ Whew! Close call! There you go. Nothing to
worry about now that wobama’s got a boehner … so not to be so hard on them; if
pelosi says it, it must be true … Not! …Pervasively corrupt, defacto bankrupt
america, they, she look pretty greecey to me. After all, if the same’s wobama’s
‘far-reaching plan on debt’, we all know ‘wobama the b’ (for b***s***) is total
b***s*** which means like Greecey PIIGS they’ll be back to the trough for more
… slop … py. Deficits And Stimulus Only
Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long time. US Is in Even Worse Shape
Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘ USA INCOME STATEMENT :Total federal spending
in 2010 amounted to $3.456 trillion. Total receipts added up to $2.162
trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011 federal budget
is $3.7 trillion with a projected deficit of$1.6 trillion. … USA BALANCE SHEET : Consensus estimates for unfunded obligations vary. Mary Meeker pegs the
shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to
be $75 trillion, while other estimates exceed $100 trillion (these amounts are
insurmountable) …’ Famed economist predicts economic
calamity in 2012. See the evidence.Newsmax
http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 Watch for fake gov’t data / reports owing
to political desperation! Why You Shouldn't Buy Into
This Plunge Forbes/ O'Neil‘The market is building momentum
to the downside’. Wall Street closes worst week since '08 with wild day NEW YORK
(Reuters) S&P on U.S. downgrade:
Debt pact 'falls short' - Reuters S&P downgrades US credit rating from AAA S&P Shocks the U.S. with Credit
Downgrade to AA+ from Prestigious AAA Rating Wall St. Cheat
Sheet What Recovery? Forbes ‘…we can’t call this a recovery. There’s no
reason to celebrate when a job report was better than expected. Why? Because
the expectation was abysmal to begin with. And while we’re at it, we can’t
ignore increasing sovereign debt problems in Europe…’ ‘Top 3 Reasons Markets Erased
the Year’s Gains Wall St. Cheat Sheet
1) Japan and Europe 2) Unemployment.3) Capital goods - billions of
dollars in lost revenue. Financial Crisis Phase II Is
Ahead at Forbes Bert Dohmen ‘ In late 2007, I wrote the book Prelude To Meltdown , predicting the global crisis that occurred the following year. I now
see a similar confluence of events that warns of phase II of the global
crisis… My work shows that “the new recession has started.”… Over the past 33
years, we have called the start of every recession, often on the exact month,
or within one month, of the official start as determined one year later by the
official arbiter of recession, the National Bureau of Economic Research (NBER)…
However, inflation is far understated for political reasons. Currently, the GDP
deflator is 1.8%, which hardly reflects the true rise in prices. Therefore,
what is counted as “growth,” is actually price increases. Actual inflation,
according to free market economists who calculate inflation as it was done in
1980 before the politician re-engineered it, is now more than 11%. Using that
to adjust GDP for inflation, would show that the economy is now in a very sharp
contraction…’FLASHBACK HERE: Selling In May Is Very Good
Advice This Year Harding
Remember: Sell in May and
Go Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards:
Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER: We're Still In A
Massive Bear Market And Stocks Will Crash To New Lows Stock Market: 4 Current
Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling.
At 565 sells for every 1 buy, it’s never been higher.
Bad luck? Bad faith? Obama’s explanation for our current malaise. Really? (Washington Post) [
Yeah! This really ‘takes the cake’! When I first heard that ridiculous
utterance by ‘wobama the b’ (for b***s***) I was inclined to ‘fall off my
chair’. But alas, so innured to wobama’s b***s*** have I become, it barely
registered a ‘ho-hum’. He is so pathetic! Such a total joke! I really mean it!
There’s no excuse whatsoever for ‘bush failure 3’, ‘wobama the b’! Details of Obama’s jobs plan
emerge President is thinking about proposing
tax cuts for companies that hire workers, new spending for roads and
construction, and other measures that target the long-term unemployed,
administration officials say. (Washington Post) [ Oh come on! Too little, too late for ‘wobama the b’ (for
b***s***), the eternal campaign(er) … he’s got a ‘good rap’ … that rapper
‘wobama the b’ (for b***s***). Really!
He’s a total embarrassment out there on the campaign trail; and just as much an
embarrassment for those who turn out to see him … maybe he’s somewhat of an
allure as in a freak show. He’s a total joke! To be finally talking jobs and
things just before the election having broken previous campaign promises in his
failed role as ‘bush failure 3’. Even his pension is undeserved so much a fraud
is he! Black caucus: Tired of making
excuses for Obama [ They are not alone! ] Washington Examiner | A key member of the
Congressional Black Caucus says they don’t pressure President Obama because he
is loved by black voters. Obama ‘Takes
More Vacations Than Any Human Being I’ve Ever Seen’ Fox News | “Here we have a country that really is going to hell in a
handbasket.” Bus Tour Bust:
Obama’s Approval Plummets Back Into 30s, Says Gallup CNS News | Obama’s politically charged but taxpayer funded bus tour
through the Midwest turned into a bust yesterday. Disapproval of
Congress Hits All Time High of 84% Paul Joseph
Watson | Americans are more upset with political leadership than ever before.
Stocks plunge on Europe’s
banking worries (Washington Post)
[ Oh … so that’s what happened … those european banking worries … sure coulda’
fooled many here stateside who are, in light of dismal realities here, yellin’,
‘look homeward hell’s angels’. This sounds like a job for … Rosanne Rosanna
Dana, formerly of SNL fame and as her mama always used to say,
which is also her hypothesis, ‘it’s always somethin’ … (but unfortunately, that
somethin’ is not necessarily what they say it is). How ‘bout the fact that
stocks are substantially over-loved, over-valued owing to a multitude of (wall
street benefiting) fraudulent artifices which are intended to obfuscate, as in
the last and ongoing debacle, their most current computerized manipulated churn-and-earn
high-frequency trading bubble-bull cycle in this unmistakably secular bear
market. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! Train Reading: The Stock
Market Is Insane The Wall Street Journal Stocks rally off lows to suck suckers
in and keep suckers sucked in on bad news ( Jobless Claims, Inflation Rise
More Than Expected CNBC) , fraud ( SEC
destroyed documents, senator says ) , and b***s***
alone! MKM Bracing For SPY To Drop 8%
More; Nasdaq Nearing August Lows Barrons.com, WHY NEW LOWS ARE LIKELY 8-18-11 Maierhofer, Is It 2008 Again? Looking at the
Summer Crash of 2011 Gayed ‘A real bear market has begun …’ , Abandon Ship ?[The USS Titanic] Yes, Because of These 5 Bearish
Icebergs ...
McGill , There's A Recession Coming
According To The Data at Forbes ,
HP, Dell hammered as tech-spending outlook darkens JDSU,
NetApp, disappointing figures, shares hit hard in after-hours trade Dell
braces investors for a bumpy road Dell makes a case on why it can
better weather an upcoming storm , S&P says sell Google's shares after Motorola deal ,
STOCKS FALL AFTER FLOOD OF BAD
NEWS: Here's What You Need To Know
Joe Weisenthal , Stocks Slip On Concern Over Europe's
Debt, U.S. Data , Watch Out: 2011 Looks A Lot
Like The Market Top In 2007 Take A Lesson From 2007 And
Sell Stocks Now at Forbes, [video] Trader: We Could Test
1120 Lows at TheStreet.com
In a Downtrend, Sell a Rally (Daily FX) Latest: Economist Who
Predicted Market Crash Warns of 2012 Aftershock. See More Here. Famed economist predicts economic
calamity in 2012. See the evidence.Newsmax http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CA79-1 50% unemployment, 90% stock
market drop, 100% inflation. See the Evidence (Newsmax.com
Compendium of
Important Business / National / World News / Topics / Articles / Headlines
http://albertpeia.com/articlelinkspage3.htm
Drudgereport : TEMPLETON chairman: Financial Crisis 'Around
Corner'... 'WE ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...' Obama Economists Admit: 'Stimulus' Cost $278,000 per
Job...
5-31-13
Marines
angered by loss of hot meals in Afghanistan... http://albertpeia.com/militaryvetstreatedliketrashbybo.htm }Caretakers
for wounded warriors at Walter Reed receive furlough notices... { http://albertpeia.com/militaryvetstreatedliketrashbybo.htm }FLASH:
IRS Ignores Senate Deadline to Answer Questions About Scandal...
Violence
Rocks Chicago -- 8 Shot in One Day...
WASHINGTON
POST: The Justice Department has allowed us to say Holder supports press
freedom... { Typical nigger
jive-talk/b***s***! UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims '
Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has
promised to hold Wall Street accountable for the meltdown. THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv }
OBAMACARE
NIGHTMARE: 146% RATE HIKE IN CA... HHS
Rations Enrollment in Pre-Existing Condition Plan... Website
Informs Young Girls About 'Mutual Masturbation'...
Zimmerman prosecutors tried to hide Trayvon's gun, pot photos...
AP
CEO: 'Thousands And Thousands' Of Phone Records Seized... POLL:
Special Prosecutor Favored 76%-17%... REPORT:
IRS commish had most WH visits of Cabinet -- 157 times... PRESS
REVOLTS OVER OFF-RECORD MEET... NYT
WON'T ATTEND... CNN:
NO... HUFFPO: NO GO... FOX
NO! POLITICO:
WE'LL BE THERE...
MSNBC
IN RATINGS COLLAPSE...
'PERJURY' 'AT
ODDS WITH SWORN TESTIMONY'... HOLDER
TO FACE PRESS... OFF
THE RECORD...
RECORD
10,978,040 NOW ON DISABILITY... Furloughed
federal workers -- can collect unemployment... NJ
Inmates Collect $23M in Government Benefits...
US Dollar
Losing Reserve Status... Rise
of New Order... U.S.
Meat Processor in $4.7 Billion Sale to Chinese Company...
MSNBC
IN RATINGS COLLAPSE...
Vegas
powerbroker convicted of making illegal cash contributions to Reid...
Welfare
Case Manager Accused Of Offering Extra Benefits For Sex...
VIDEO:
Police shoo homeless away from home of pro-homeless CA lawmaker...
SCANDAL?
WHAT SCANDAL? Washington
launches four different investigations into IRS mess... Issa
subpoenas State Dept. documents on Benghazi... REPORT:
HOLDER WENT JUDGE SHOPPING TO OBTAIN FOXNEWS SUBPOENA... House
Judiciary investigating whether Attorney General lied under oath... REPORT:
Holder 'beginning to feel creeping sense of personal remorse'... JERSEY
SHORE REUNION: What's in it for Obama, Christie?
SENATOR: Obama officials
'criminalizing journalism'... Using WWI Espionage Law to
Squelch Reporters...
What Detroit crisis? Pension
fund trustees hang out in Hawaii...
Texas Approves Drug Tests
For Unemployment Benefits...
2 dead as San Antonio
floods; 200 rescued...
GALLUP: Majority say feds
too powerful... Federal
government posts 27,000 job openings... CHICAGOLAND:
Youth homelessness on rise...
MAOIST ATTACKS KILL DOZENS
IN INDIA
FLASHBACK: Syrian rebels
pledge loyalty to al-Qaeda...
WAR DRUMS: MCCAIN'S MEMORIAL
DAY WITH 'REBELS' REPORT:
US drone shot down over Somalia... Judge
Arrested For Stealing Cocaine From Evidence In Cases He Presided Over... KDKA’s Paul Martino: “What this
looks like, is a sitting judge accused of snorting evidence – cocaine? Bob Del Greco, Pozonsky’s attorney: “I think
that’s a fair representation of the allegations.” ILLINOIS
JURIST DIES OF COCAINE OVERDOSE...
A southwestern Illinois judge whose colleague died of a cocaine overdose
while the two were on a hunting trip together has been charged with possession
of heroin and guns. ANOTHER
CHARGED WITH HEROIN, GUN POSSESSION... SUMMER
BUMMER: Beef Prices Set New Record... Rand
Paul: Obamacare includes doctor diagnosis codes for injuries caused by turtles,
macaws, burning water skis...
NYC
cracks down on sidewalk cafes... Targets outdoor eating... POLL:
Weiner inside margin of error...
European
human rights court dismisses Christians' discrimination claims... VATICAN:
100K CHRISTIANS DIE FOR FAITH EVERY YEAR...
Obama
Fails to Salute Marine... Promotes
State Dept Talking Points Editor... ISSA
Seeks Interviews Of 13 Officials Involved In Benghazi... Hillary? Unions
begin turning on Obamacare...
Zimmerman's
Lawyer Wants Jurors To See Photos Of Handgun, Pot Plants Found On Trayvon
Martin's Phone... 'Paint
troubling picture'... UK
AIR SCARES
Britain
braces for possible copycat attacks... Stockholm
rioting continues for 5th night... Swedish cops seek reinforcements... 'They
don't want to integrate'... Police
station torched...
911
Dispatcher Tells Woman About To Be Sexually Assaulted There Are No Cops Due To
Budget Cuts... 'Can You Ask Him To Go Away?'
SURVEY:
47% of Chinese are atheists...
HOLDER
OK'D SEIZURE OF FOX REPORTER EMAILS Obama
Orders Holder to Investigate -- Holder...
Declares
increase in domestic terrorism fueled by Internet...
FLASH
CRASH... HECKLED
OVER GITMO... 'Sit
Down. You should let me finish my sentence'... 'Part
of Free Speech Is You Listening'... Calls
for bringing Gitmo terror suspects to US... GOP
SEN: Speech 'viewed by terrorists as victory'...
OBAMA
TO DRONE LESS POLL:
Majority Want to Return to Pre-Obamacare System...
REPORT:
LA Mayor broke... DNC
Chairman's 'Quest for Wall Street, Washington and Wealth'...
PREMATURE
ELECTION: *****SLAPS WEINER... 'Shame
On Us' If We Erect Him... First
campaign stop: Harlem... Press
frenzy... More
Lewd Photos Might Come Out... Hillary
Clinton strives to steer clear of yet another sex scandal...
Swedish
riots rage for fourth night... PAPER:
'Niggers who slaughtered soldier are British born'... 'Beheaded'... VIDEO
**WARNING: GRAPHIC**
Cab
Driver Brutally Beaten Has Taxi Stolen By 2 Women...
REPORT:
DOJ Seized Records of Five FOXNEWS Phones... ...
INCLUDING PARENTS OF TARGETED REPORTER Judge Apologizes For Lack of Transparency...
ISSA
TO HAUL LERNER BACK BEFORE COMMITTEE... 'Waived
her fifth amendment rights' by giving opening statement... IRS
internal investigation ended 6 months before '12 election, was hidden from
Congress... Dem
warns of special prosecutor...
SPECIAL
PROSECUTOR 'INEVITABLE'... Bernanke
Has Now Injected Foreign Banks With Over $1 Trillion In Cash...
Board
Votes To Close 49 Chicago Elementary Schools... KIDS
SLAM 'GODFATHER'...
Man
kidnapped off NYC street, tortured for 30 days... LONDON
SHOCK { Niggers butcher white soldier. }BRITISH SOLDIER HACKED TO
DEATH WITH MACHETE ON LONDON STREET... 'Beheaded'... VIDEO
**WARNING: GRAPHIC** 'We
swear we will never stop fighting you'... Rant
against the West... 'We
want to start a war in London tonight'...
REPORT:
DOJ Seized Records of Five FOXNEWS Phone Numbers...
CBSNEWS
reporter: My computers hacked, too... 'Began
in Feb. 2011 during reporting on 'Fast and Furious''...
FBI
ID's five suspects in Benghazi attack... Administration
officials privately admit mistakes... Issa
warns Hillary... New
Whistleblowers? CIA
'Honored Benghazi Chief in Secret Ceremony'...
TOP
IRS OFFICIAL TO TAKE THE FIFTH
Commissioner
knew more than year ago about IRS targeting conservatives... Ex-chief:
Can't say how it happened... Conservative
Group Waiting 3 Years For Approval Files Suit... IRS
worker used government credit card for years-long AMAZON shopping spree... Top
Dems blame scandal on tax code... MARCHING
ORDERS: Liberal Pundits Gather in West Wing... GOP
Sen. Launches Hotline for Reports of IRS Targeting... SCANDAL
TIMELINE: Who knew what, when? Veteran
manager not buying admin story...
EF-5:
Dwarfed Hiroshima Bomb...
'WE
NEED PRAYERS'... PATH
OF DESTRUCTION... 'ALL
YOU COULD HEAR WERE SCREAMS'... 24
CONFIRMED DEAD... 7
'DROWNED IN BASEMENT'... SEARCH
FOR SURVIVORS... Parents
call for children with bullhorns... PHOTOS... LIVE... Mom
Held Daughter By Hair To Keep Her From Flying Away...
DOJ
TARGETED FOXNEWS REPORTERS, PRODUCER... Tracked
movements via key card, traced calls... GOOGLE
GAVE DOJ PRIVATE E MAILS... FOXNEWS:
We will unequivocally defend free press... REPORT:
DOJ Leaked Docs to Smear Fast & Furious Whistleblower... Administration's
Two-Front War... RNC
Chief: Obama Creating 'Atomsphere of Guerilla Warfare'... Congressman:
Impeachment an option...
Anonymous
IRS official -- everything comes from the top... McConnell:
'There is culture of intimidation throughout administration'... DAY-BY-DAY:
HOW WHITE HOUSE CHANGES ITS IRS STORY... Dem
Allies Call for Special Prosecutor... Reporters
Stonewalled; Escorted by Police in Public IRS Office Building... Portman:
IRS will need special counsel... 'I
Could Take Up Whole Afternoon Talking About His Failures'... 'I'M
A BLACK MAN'... { No, obama
… you’re a typical nigger! You’re an
over-vacationed, underperforming, incompetent, lazy-ass, typical
b***s*** nigger who also happen to be an unequivocally failed president! }Obama
Uses Commencement Address to Recall Jim Crow, Racism of 40s, 50s... 'As
an African American you have to work twice as hard'... twice as hard? … obama’s never even
had a real job … more typical obama b***s***… the stark reality is that, obama
included, they don’t even bother working a fraction as hard as others … and,
they really don’t care that they don’t … the very narrow, limited exception(s)
are particularly games where performance is quite visible and measurable; and
hence, not subject to the specious, spurious cries of racism when calling the
nigger out for failed or non-performance. Results count! }CHICAGOLAND:
5 Dead, 15 Wounded In Weekend Violence... Teen
mobs run wild in downtown...
TORNADOES
RIP OK MILE-WIDE
FUNNEL 200
MPH WINDS
IRS
HID PROBE UNTIL AFTER ELECTION... THEY
KNEW... ...LAST
JUNE Dems
grow nervous... Agency
stalled conservative groups, but gave speedy approval to Obama foundation... Used
'planted' question to reveal scandal... 'Absolutely
Not Illegal'... 'IS
THIS STILL AMERICA?' UPDATE: TV Anchor Barred From FACEBOOK, Interviews After Discussing
IRS Harrassment... Congressman
Receives Standing Ovation After He Rips IRS Commissioner... IRS
ASKED GROUP ABOUT 'CONTENT OF THEIR PRAYERS'
Report:
IRS denied tax-exempt status to pro-lifers on behalf of Planned Parenthood... Conservative
Hispanic Groups Targeted... FOX
NEWS HOST: I Was Audited After Criticizing Obama... AUDIT
THIS: NFL players tweets photo of him urinating on IRS sign... Employees
at center of scandal: 'We were simply doing what our bosses ordered'... NOONAN:
This Is No Ordinary Scandal...
IN CHARGE DURING 'TEA PARTY' TARGETING, NOW RUNS IRS OBAMACARE
OFFICE
More
mystery over AP subpoenas process at Justice Department...
IRS henchwoman got $103,390 in bonuses...
Obama
Consoles Student After Failing To Answer '2 Minus 1' Correctly: 'Subtraction Is
Tougher Than Addition'... First
Lady laments that many blacks have lost 'hunger' to learn... Well, not quite... there are many new ways
to commit some very old crimes…even smash and grab at those ‘local jewelry
stores’ has evolved somewhat, etc. }
OBAMA
CALLS IN MARINES -- TO SHIELD HIM FROM RAIN... Obama
'Accountable' -- 'Runs IRS, Treasury'...
WITHOLDER:
Attorney General 'seems proud of how little he knows'... { Typical niggers! The time has come to call a spade a spade because the
reality is that they are spades!
Typical spades! } Liberal
talk show host calls for Holder to be fired... REPORT:
Obama Eying Pal Deval Patrick For Slot... Fires
IRS Boss -- Who Was Leaving Anyway... 'Complete
confidence' in coverup confidence-man Holder... CONGRESSMAN
CHARGES: THEY TAPPED HOUSE CLOAK ROOM!
President blames Benghazi on lack of funding... The time has come to call a spade a spade
because the reality is that they are spades!
Typical spades!
}
EMAILS
CONTRADICT WH CLAIMS... Benghazi
Dump: Critical Two-Day Gap... First Released Email 67 Hours After Attack... PETRAEUS:
'Frankly, I'd Just As Soon Not Use This'... 'No
One Knew Much of Anything'... Holder
Says No to Special Counsel on Scandal...
CHICAGOLAND:
Man With 'Cop Killa' Tattoo On Face Arrested For Threatening Cops...
S&P
DOWNGRADES BUFFETT'S BERKSHIRE...
STUDY:
Physically strong men more likely to have right-wing political views... 'Weaker men more likely to support welfare state, wealth
redistribution'...
Sandy-Ravaged
NYC Homes Vandalized For Copper, Plumbing Pipes -- After Renovations...
Another
Court Rules Administration's Labor Appointments Unconstitutional...
IRS
ASKED FOR FACEBOOK POSTS, READING LISTS, PRIVATE THOUGHTS... CLAIM:
OBAMA CAMPAIGN CO-CHAIR ATTACKED ROMNEY WITH LEAKED DOCS... EXEC AT CENTER OF SCANDAL GOT $42K IN BONUSES... IRS
approved liberal groups while Tea Party in limbo... 'Thin'
IG report only skims surface... GOP Rep: Impeachment Not 'Off The Table'... Prominent
Catholic Prof. Claims IRS Audited Her After Speaking Out Against Obama... Demanded to Know Who Was Paying Her...
POLITICO:
OBAMA LOSES DC... McCONNELL:
'We've Only Started to Scratch the Surface of This Scandal'... FRANKLIN
GRAHAM: IRS TARGETED US, TOO... Rev.
Billy Graham Endorsed Romney... IRS
requests stalled applications of conservative groups up to 13 months... 'They
were asking for a U-Haul truck's worth of information'... Official
speedily approved exemption for Obama's brother's 'charity'... 'Corrective
actions have not been fully implemented'... RANGEL
TO OBAMA: Come clean...
FLASHBACK:
'I Bear Responsibility for Everything -- To Some Degree'...
DEMOCRATIC
MAYOR OF BROKE DETROIT CALLS IT QUITS...
GOVT
TAPS PRESS PHONE RECORDS FOR MONTHS
DOJ
tracked 20 phone lines at AP... Inside AP: Fear, anger, disbelief... Swept
up entire collection of records... DRUDGE:
Assume all your communications are being monitored...
REPORT:
HEALTH PREMIUMS TO SOAR 400%...
Washington IRS officials
targeted conservatives...
'Son
of Watergate?' 40
years later -- to the week... Top
Dem calls for public testimony on Benghazi... WASHPOST:
Obama's claim he called 'act of terrorism' -- Four Pinocchios... Cover-up
'still ongoing'... McCONNELL:
'We've Only Started to Scratch the Surface of This Scandal'... IRS
LEAKED INFO ON CONSERVATIVES TO MEDIA WH:
'People Were Aware' of Conservatives being Targeted, But Didn't Do Anything
About It... REPORT: IRS targeted news anchor after Obama interview... 'After
interview, IRS started hammering me'... 55-questions
sent to tea party group; Demands for donor lists, names of all volunteers... BOOK:
IRS retaliates against outspoken business leaders... Tea
Party groups threaten to sue... Kentucky
activist to IRS: 'Apology not accepted'... Probe
Expands To Groups Opposed To Gov't, Teaching Constitution... Scrutiny
Deeper Than Thought... McConnell:
'Just The Beginning'... RAND
PAUL: OBAMA 'DRUNK ON POWER'... Agency
accused of leaking confidential tax documents during election... Scandal
politics sweep Capitol Hill... FLASHBACK:
Senior White House official briefed reporters on Koch brothers taxes...
CHICAGOLAND:
Store Robbed at Gunpoint -- Across From Police Station! Too
late to save Detroit?
Prosecutors
push to keep Trayvon Martin's past out of trial... Pot
smoking, school suspensions 'irrelevant'...
GOVERMENT TAPS PRESS PHONE RECORDS 20
phone lines monitored... AP:
'Massive and unprecedented intrusion'...
NEW
'ENEMIES LIST'... IRS
Began Targeting Conservatives in March 2010... Tea
Party groups threaten to sue... BOOK: IRS retaliates against outspoken business leaders... Santelli
Warns: Keep IRS Out of Obamacare! Probe
Expands To Groups Opposed To Gov't, Teaching Constitution... Scrutiny
Deeper Than Thought... McConnell:
'Just The Beginning'... 'Kept
shifting targets in tax-exempt groups'... Agency accused of leaking confidential tax documents during
election... FLASHBACK:
Romney donor vilified by Obama campaign, then subjected to 2 audits... Did
Plouffe Justify IRS Targeting Conservative Groups?
DID
PRESS MAKE HIM CRY? WILL:
Carney's 'Usefulness to This Administration Diminishing Rapidly'... NEWYORKER:
'Now there is something to it'... KLEIN:
Obama 'on the same page as Richard Nixon'... Inhofe
mulls 'I-word'... ISSA
SEEKS DEPOSITIONS... Bachmann:
Obama released IRS bombshell because of Benghazi... FOURNIER:
A PERFECT STORM... Brokaw:
'Welcome to the Second Term, Mr. President'... COULTER
FLASHBACK: OBAMA'S SIGNATURE MOVE: UNSEALING PRIVATE RECORDS... Watch
out for Petraeus... ‘…Call it “Oval
Office Couch Syndrome.”By their second term “inside the bubble,” presidents
have completely lost touch with reality: Aides and confidants conspire to keep
the chief executive insulated from the real world — the bad news, the worse
press coverage. They think it’s their job, and lounging on the Oval Office
couches, they nod along with the president’s every musing. But this presidency
has taken OOCS to new heights. Mr. Obama has only a few trusted aides, and
occasional leaks from the West Wing show a paranoid president suspicious of
nearly everyone around him. Supremely confident, convinced by the fawning
minions at his feet that he is untouchable, the president dismisses all
controversy as partisan attacks by an overzealous opposition. A pliant press
corps of stenographers follows in lockstep…Speaking for the White House , the flack
said the CIA was fully to
blame for the talking points. Fully. “That is what was generated by the
intelligence community, by the CIA ,” he said. For the record, this is what the CIA “generated”…’ More
'Whistleblowers Coming'... Too
late to save Detroit? 'Dysfunctional,
wasteful'... 27%
of Detroit Homes Vacant...
THE
CAMPAIGN THAT NEVER ENDS... President
Parties with Justin Timberlake, Jessica Biel at Harvey Weinstein's Home...
Rep.
threatens to subpoena Hillary... FOURNIER:
WH throwing 'under the bus?' Media
in full spin... REPORTER:
Democrats Actively Working to Undermine Testimony... ABCNEWS:
Benghazi Talking Points Underwent 12 Revisions, Scrubbed of Terror Reference... Petraeus
Expressed Frustration At Altered Account... ATTORNEY: Whistleblower demoted, threatened...
IRS
ADMITS TARGETING CONSERVATIVE GROUPS; APOLOGIZES White
House blames -- BUSH! FLASHBACK:
Obama jokes about auditing enemies... McConnell
demands investigation... House
vows probe... IRS
SPOKESMAN: 'I'm not good at math'...
Greece's
youth unemployment hits 60%...
PITBULLS
KILLS JOGGER IN L.A.... Pack
still on the loose... ‘…Woman, 63, was
running in rural Los Angeles when dogs attacked and mauled her to death,
witness and police say…Residents near the site of the attack said dogs were
constantly roaming the area and had attacked people before. "It's really
scary," Diane Huffman told KABC-TV. "I don't know what to think. I
really think I'm going to be getting a gun to protect myself."…’
AFGHANISTAN
WHISTLEBLOWER: WHITE HOUSE TRYING TO SILENCE ME...
Boehner,
McConnell refuse to appoint members to 'death panel' to Obamacare... HHS
budgets $150m to teach people how to enroll...
PAPER:
100 OF UK'S RICHEST CONCEALING BILLIONS IN OFFSHORE TAX HAVENS...
COPS:
Man Killed Instantly After Shooting Down Live Power Line To Steal Copper... TESTIMONY:
Jackson thought God was speaking to him...
'WHAT
DIFFERENCE DOES IT MAKE?' White
House struggles to respond to new Benghazi revelations... Shock
testimony from witnesses... Moment-by-moment
account of attack... Emotional
recollection of murders... CONGRESSMAN:
'Death is part of life'... Fourth
whistleblower blocked from testifying... Diplomat
Says Questions Led to Demotion... Dick
Morris: Beginning of end... REPORT:
CBSNEWS BOSSES IRKED BY CORRESPONDENT'S REPORTING; 'DANGEROUSLY CLOSE TO
ADVOCACY'... Hillary
in spotlight... MOTHER:
'I BLAME HER'...
THE
DARK SECRETS OF 2207 SEYMOUR AVENUE... 5
BABIES BORN IN BROTHERS GRIM DUNGEON... 10
YEAR SEX HELL... EXCLUSIVE
PICTURES INSIDE CLEVELAND KIDNAP HOUSE... Chains,
Ropes, Locks... SMOKING
GUN: 'Hero' Was Repeat Domestic Abuser... Horror
as bear on bike eats monkey at end of sick circus cycle race...
NYTIMES:
OBAMA 'ON VERGE' OF BACKING FBI PLAN TO TAP WEB USERS...
Record
10,962,532 now on disability...
Americans
'trust TV judges more than Supreme Court Justices'...
Mother Of Slain Benghazi Victim Rips Hillary Clinton: 'I Blame
Her'... SENATOR:
'The dam is about to break'... Could
bring down administration...
Obamas
host secret, star-studded bash at White House... STUDY:
Gun crime has plunged, but Americans think it's up...
THE
DARK SECRETS OF 2207 SEYMOUR AVENUE... 5
BABIES BORN IN BROTHERS GRIM DUNGEON... 10
YEAR SEX HELL... EXCLUSIVE
PICTURES INSIDE CLEVELAND KIDNAP HOUSE...
*SANFORD
[R] 54% COLBERT [D] 45%
GORE
$200 MILLION CASH IN BANK! Gets
Paid Over $1 Million a Day to Sit on APPLE's Board, $125,000 per hour...
Cuomo
Uses Disaster Funds -- to Launch Ad Campaign Christie's
Reelection Campaign Receives 'Unprecedented' Financial Support...
O
LOSES ON THE LINKS
Percentage
of Self-Employed Americans at Record Low... 9.5
Million People Have Left Workforce Under Obama...
APRIL:
7.5%... JOBS
+165,000... Revising
up, up, up... SC
House Approves Bill Criminalizing Enforcement of Healthcare Law... Gov't
Unemployment at Healthy 3.3%... BUT
Numbers Mask Stubborn Problem...
WALL
STREET IN WONDERLAND! Beef
prices set new high...
BLAMES
MEXICAN VIOLENCE ON U.S. GUNS
Riiiiight … used in the meat, fruit, and vegetable wars, and not the
benign, peace inducing, soporific illegal drug trade. Obama Blames U.S. For Crime And Gun Violence In Mexico;
No Mention Of Fast And Furious Breitbart | President Barack Obama told the Mexican people today
that the United States is partly to blame for Mexico’s drug violence because of
illegal drugs and gun smuggling. }
RASMUSSEN:
OBAMA LOWEST SINCE AUGUST... Approve: 45%... Disapprove: 53%... Krauthammer:
(obama)The fall...
NRA
Predicts Largest Convention Crowd In Its History... 'Our
freedom is under attack'...
EMPIRE:
Another NY lawmaker indicted, prosecutors suggest more to come... Informants
Come Forward... RAT
TRAP... [“Lately there has been enough corruption charges filed
against political officials to form a circus parade, including the plights of state
Sen. Malcolm Smith and New
York City Councilman Dan Halloran .”]
CHICAGOLAND:
Prostitute Pepper-Sprays Boy, 14, Steals His Piggy Bank...
HS
track team disqualified after runner gestures thanks to God...
MORNING-AFTER:
IT'S OK AT 15...
SHOWDOWN:
U.S. Demands Release of American in NKorea...
Student
expelled, faces felony charges for leaving unloaded shotgun in car at school
after skeet shooting...
ANTI-OBAMA
PROTESTS HIT LATIN AMERICA...
Christie
to headline Clinton event...
Feds
accuse 6-year-old of plagiarism, strip her of 'duck stamp' crown...
Fed
Gov't Mulls Banning: Anti-Bacterial Soap?
Foreigners
now hold more than $13 trillion in American securities... Payments
in Chinese Yuan Grew by 171% From Year Ago... Hits
Record High vs. Dollar...
PUMP!
PUMP! PUMP! { Goes the fed …
So DUMP! DUMP! DUMP! }
POLL:
Wealthy, not middle class, support Obama...
PENTAGON:
Sharing Christian Faith Could Lead to Court Martial...
SICK:
42% UNAWARE OBAMACARE IS LAW
IT'S
STARTING: Obamacare Tax Hike Train Wreck... Support
Nosedives...
Case
Worker: Illegal Aliens Got Food Stamps by the 'Vanload'...
Home
ownership rate at near 18-year low... 'Moribund
presidency'... 'Maybe
I Should Just Pack Up and Go Home. Golly'... Channels
Clinton's Worst Day in Office... REPORT:
Media ignores Beach Week violence, racial tensions... Reporters with all the local media had trouble describing
what happened over the weekend when 40,000 black people descended on Virginia
Beach for a party. Their
audiences, however, did not. Daniel Johnson was one of dozens of people who had
no trouble talking about the lawbreakers and the widespread chaos, danger,
thefts, violence and lawlessness they brought to Virginia Beach as part of
College Beach Week 2013; a time when black students could “blow off some steam”
before final exams. “Because it was a group of young black college people
everyone is scared to say anything for fear of being called a racist,” he
said in a post to a Virginian-Pilot news story . “It is what
it is – these people come to the Beach and do everything in there [sic] power
to intimidate the local and visiting White people at the Beach – rude –
disrespectful – dirty and violent – They come here and treat our beach like a
toilet On Saturday afternoon I went to the Harris Teeter and a LARGE group of
young black visitors were in the parking lot drinking and playing loud music –
intimidating locals – I called the police and even though 2 cop cars drove by
nothing was done!” Police reported 900 emergency calls to 9-1-1 Saturday night
involving at least three shootings, three stabbings and three robberies. That
they know of. All during a four-hour period. People in Virginia Beach are
furious and are taking to Facebook and the local news sites to have their say…’ Gun owner
stops home invaders dead Black
mob attack on elderly white halted
Strategy:
Reduce violence by taking away Facebook Media
label black-mob violence 'mischievous teens' Violent
threats follow Detroit takeover
Black
mob beats man 'for no reason'
7
injured at party for 13-year-old rapper 'COPS'
slammed for truth in portraying blacks as criminals }
CHICAGOLAND:
Another murder near Obama's home... Detroit
Takes Top 3 Spots For Most Dangerous Neighborhoods...
Philly
Cop Stabbed, Robbed Of iPod During Violent Attack...
GAO
Now Investigating 'Homeland' Ammo Purchases...
After Criticism, New 3-Page Obamacare Form...
PEW:
1/3 Mexican Adults Would Migrate to USA... Gov't
to Fine Companies for Not Complying With Wiretap Orders...
Rand
Paul Warns of '1984' Surveillance Scenario...
Former
London mayor blames USA...
WAR
DRUMS: SYRIA... Missiles
fired at Russian passenger jet... Syrian
PM survives Damascus bombing, 6 die...
Economy
Grew 2.5% in First Quarter... Debt-to-GDP:
105%...
SHOCK
VIDEO: 10-Year-Old Pulls Gun On Woman On Philly Street... more than likely, jailhouse room
and board for the folks, etc.. And, more
nigger-city-philly fun when they’re not plundering, maiming, robbing, killing
humans, to pass their time between and during rap sets … Kitten Set On Fire } Girl,
13, Arrested For Trying To Rob Woman In Central Park...
Chicago:
A Shooting Every 6 Hours...
{ Eh … what the heck … they’re just spirited spooks, fun-lovin’ niggers
out for some goodtimes in a heartland city of america … }Heroin
Epidemic Spreading Throughout Suburbs...
'HOMELAND'
USING 1,000 MORE ROUNDS PER PERSON -- THAN ARMY? Denies
Ammunition Purchases Aimed at Civilians... NOONAN:
Obama fatigue becomes apparent... W
Gets Emotional, Cries... ROBINSON:
Bush record looks worse and worse... I’ve seldom agreed with anything ‘one note robinson’ has had to
say; but, I absolutely agree with this, except that it should read, ‘bush/obama
record looks worse and worse’ to be credible.
“Looking
Forward, Not Backward” Is Not Only Stupid … It’s Also Illegal Washington’s Blog | Obama’s Failure to
Prosecute Wall Street Fraud Or Torture Harms Our Country … And Violates the
Law. }
Record
1 out of 5 Households on Food Stamps...
Individual
policies to cost 25-50% more next year... McConnell:
Entire Country Should Be Exempt From Obamacare...
SUCK
UPS: NY TIMES REPORTER VOWS TO SAVAGE DC INSIDERS WITH BOOK...
UPDATE:
Falsely Identified 'Boston Bomber' Found Dead In River...
AP:
Obama has stuck with many Bush policies, from counterterrorism to immigration
to Gitmo... }
REPORT:
$3 MILLION RETIREMENT CAP IN OBAMA'S BUDGET WOULD NOT APPLY TO HIM... Lawmakers, aides may get Obamacare exemption...
Obama
Administration Paying People To 'Recruit' Folks Onto Food Stamps... Fraud
More Than Doubles In 3 Years...
REPORT:
IRS issued billions in improper tax refunds... { How ‘bout this one: … Federal
government reviewing prison phone charges AP … Why not
just give them tax-payer funded obamaphones … riiiiight! … sounds like a plan
the black caucus behind the requested
review would say … }
House
GOP concludes Hillary Clinton blew Benghazi response... Report...
REPORT:
AP TWITTER ACCOUNT HACKED... Says
president injured in White House explosion... Markets
Reel, Recover...
Black
Detroit Bar Owner Threatens To Use Deadly Force Against White Teen Graffiti
Artists... { America
The Fallen: 24 Signs That Our Once Proud Cities Are Turning Into
Poverty-Stricken Hellholes http://theeconomiccollapseblog.com http://albertpeia.com/americanhellholes.htm }
REPORT:
Judge drops three murder charges against Philly abortionist... Obama
to headline fundraiser for largest US abortion provider...
OBAMACARE:
More seniors getting scammed...
Hospital
bedbug infestations double...
STATS:
Americans 'snapping' by the millions... { That’s
difficult to imagine/fathom inasmuch as from my direct experience, americans
are already predominantly and inherently criminals and mentally ill … in other words, already snapped! } Record fear, stress, suicide... { America:
#1 In Fear, Stress, Anger, Divorce, Obesity, Anti-Depressants, Etc. http://theeconomiccollapseblog.com http://albertpeia.com/usno1.htm }Kids
so addicted to iPads they need therapy...
Red
Sox slugger: 'This is our f***ing city!' FCC
Blesses F-Bomb: He 'Spoke From the Heart'...
Bomb Threats, USA... Alabama:
3 Hospitals... Connecticut:
Courthouse... Pennsylvania:
Shopping Village... Iowa:
Neighborhood... Florida:
Office Building... Buchanan:
Did brothers Tsarnaev fail?
Goldberg:
Welcome To 'The Era Of The Suspicious Package'...
Bomb
Squad Called In Over Backpack During Central Park Race... CHICAGOLAND:
City police have arrested woman 396 times! { ‘…Rolon recognized Shermain Miles because he’s seen her
more times than he can count — drunk, half-naked, cursing and, on one occasion,
lunging at another woman with a dinner fork. Since 1978, Chicago Police alone
have arrested Miles 396 times, mostly on the North Side — under at least 83
different aliases. Those arrests include 92 for theft, 65 for disorderly conduct,
59 for prostitution-related crimes and five for robbery or attempted robbery.
The frustrating truth: The system — strapped by overcrowded prisons and cuts to
mental health funding — hasn’t been able to save Miles from herself or to help
the communities she menaces. Nothing has worked. Not jail. Not prison. Not
countless psychological exams for the woman described as being “acutely
psychotic.”’ } Farrakhan
son is part-time cop, but hasn't worked shift in 4 years... UN-DONE:
Starving NKorea begs for food from Mongolia...
Fitch
Downgrades United Kingdom's AAA Rating...
PAPER:
Obama lulled America into false confidence over terror threat...
BROTHER
BOMBERS: 1 DEAD; 1 CAPTURED...
Bragged
of Bombing...
BOSTON
A GHOST TOWN...
SHOOTOUT
VIDEO... Photos/timeline...
Bomb suspect ALIVE AND IN CUSTODY... Sustained significant blood loss... DISCOVERED: House owner went to check on his boat...
Bomb suspect pinned down in Watertown... 'Body' found in boat... SHOTS FIRED... 15-20 Seconds Of Gunfire...
TEXAS
INFERNO; DOZENS FEARED DEAD
Boston
Bombings Bring Americans Closer to Living on Edge... Videos
Said to Show 2 Suspects...
Texas
Rocked By Fertilizer Plant Explosion... PAPER:
'50-50' chance cause could be criminal... Blast
Rocks Five-block Radius... 'It
was like the whole earth shook'... VIDEO... POLICE:
UNCLEAR HOW MANY TRAPPED... Looters
Raiding Homes...
SHOCK:
Elderly Food Cart Vendor Stabbed To Death On Philly Street...
Thieves
Stealing Aluminum Cans From Residents' Recycling Bins... Sinkhole
swallows 3 cars in Chicago...
PAPER:
'Truly lame-duck president'...
OBAMACARE:
Individual plans to cost 80% more starting 2014...
BIG
SIS: DRUDGE REPORT is not credible...
CHAOS IN BOSTON Looters
hit marathon route after bomb blasts...
Federal courthouse, hospital evacuated... Bomb
threat... 'Code
Red'... REPORT:
SUSPECT IDENTIFIED... Two
suspects singled out in video footage... 'One
In Particular Most Interested In'... Suspect
caught on LORD & TAYLOR security cam... 'Man
In Black Jacket On Cell Phone, Wearing Gray Hoodie, White Backwards Cap'... CNN
backs off arrest report... FBI
scolds network...
DC
JITTERS... SECRET SERVICE: RICIN-LACED LETTER SENT TO OBAMA... DEVELOPING... Postmarked
Memphis... 'Suspicious
Package' in Senate Office Building... Evacuation... Sent
to Sen. Roger Wicker; No reason given... Senator:
Police have suspect... All
Mail Delivery to Capitol Stopped as Precaution; Offices on High Alert...
Immigration
bill contains free cell phones...
Background
checks fail... Wary
Democrats won't commit... AP:
Headed for defeat... SENATE KILLS GUN DEAL... Bloomberg
RAGES... Feinstein
Fumes... Biden
Wipes Away Tears... Cuomo
Complains... Obama:
'Just Round One'... McConnell
bugger visited White House... Reid
Mocks: 'Imagined Tyranny'... Reid
to pivot from guns to Internet sales tax... REPORT:
FBI investigated Reid in 2008; Papers made public now secreted, sealed... GALLUP:
Only 4% of Americans Think Gun Control Important Problem...
REPORT:
Wife of ex-judge confesses to Texas DA murders...
Congressman:
Immigration Bill 'Worse Than We Thought'... Legalizes Relatives and Previously Deported... 844
Page Bill Would Take 3 Days to Read NONSTOP Before Friday Morning Hearing...
EXPLOSIVES
MADE OF PRESSURE COOKERS... REPORT:
Bombs Made to Look Like 'Discarded Property'... 2nd
Victim ID'd: Spectator Went To Finish Line To Take Photo... BIG
SIS: No 'broader plot'... $50,000
Reward Posted... Roommate speaks out about Saudi national being questioned by FBI... HUNT
FOR BOSTON BOMBERS... Explosives
packed with ball bearings; 3 dead, 170+ wounded; 17 in critical... '25,
30 people have at least one leg missing'... Martin
Richard, 8, among dead... Witnesses
recount war zone at marathon... ***WARNING: GRAPHIC CONTENT***
Envelope tests positive for ricin at Washington mail facility... Sent to Sen. Roger Wicker... No reason given... All Mail Delivery to Capitol Stopped as Precaution...
DOUBLE BLAST AT BOSTON MARATHON
Two
explosions near finish line... DEVELOPING... REPORT: Suspect apprehended... COPS:
2 dead, 23 injured... 'People
Missing Limbs'... BLAST
VIDEO... AFTERMATH
FOOTAGE... **WARNING: Graphic** Other
unexploded devices possibly found... REPORT:
Fire at JFK library... LIVE
STREAM...
DOW skids
265...
GOLD
PLUNGE... Investors
Bail Amid Collapse... 'PANIC
EVERYWHERE'... Worst
two-day loss since 1983... LIVE...
FOREIGN
HOLDINGS OF US DEBT TO $5.7 TRILLION...
Sebelius
Scapegoats GOP For Coming Obamacare Mess...
Obama
Proposes More Taxes -- But Tax Code Is Already 13 Miles Long!
OBAMA
ONLY PAYS TAX RATE OF 18%?
CT
senator uses shooting 'to raise campaign cash'...
Congress
quietly votes to hide financial disclosures... Terry
McAuliffe Under Fire for Inflated Jobs Claim...
WSJ:
'Business credential fast turning into crony-capitalist embarrassment'...
POLL:
65% of women favor stricter gun laws; only 44% of men do...
NUCLEAR
WAR 'UNAVOIDABLE' { Who Gave North Korea Nukes In The First Place? Paul Joseph Watson | The U.S.
government and the CIA. http://albertpeia.com/usgavenokoreanukes.htm }
BOW
OR BREAK: KERRY ON SCENE... CONGRESSMAN:
THEY HAVE NUKES... Kerry
contradicts intel report... Pentagon
Deploys Sea Radar... INSIDE
NKOREA: SHOCK PHOTOS... China
conducts military drills... Partytime
in Pyongyang... FIRST
TARGET: JAPAN... PSY's
new single steals attention...
NKOREA:
'Powerful striking means' on standby... WATCHCON
2: Missile spotted in strike position... US
intelligence reveals launch zone...
$50,074:
Gov't Spending Per Household EXCEEDS Median Income... FEDS
TO COLLECT RECORD TAXES IN 2013...
Greek
Unemployment Soars to Record 27.2%...
Jay-Z
brags about communist cuba (a haven for murderous black panthers, ie., joanne
chesimard who killed an american Highway Patrol Officer) trip in rap... 'OBAMA
SAID CHILL, GONNA GET ME IMPEACHED'... 'I
got White House clearance... Politicians never did @#%& for me'...
SEQUESTER
SOUL (nigger party animal) SHOW LIVE FROM WHITE HOUSE
Teenager
in canada commits suicide after canuck gang-rape photo goes viral...
Beaver
bites man to death...
Severed
goat's head dropped off at Wrigley Field... Capone
Descendants Sign on For Reality Show...
SEQUESTER
SOUL SHOW LIVE FROM WHITE HOUSE
Safe
from Sequester: NATO Ambassador's Home Alotted $700K -- for Gardening!
Chinese
colonel says bird flu is US biowarfare...
32
GUN PURCHASES EVERY MINUTE UNDER OBAMA
Underground City of Homeless People Discovered In Kansas City...
Flash
Mob Of 200+ Teens Storms Philly Street During Rush Hour...
Clarence
Thomas Speaks: Many black communities in decline...
US, Japan
Now Global Allies in Money Printing... OBAMACARE
ARCHITECT: Law 'beyond comprehension;' After bad start, 'will only get
worse'...
Another
Exclusive Party at WH -- at Taxpayer Expense... Will White House release guest list? 10th
'command performance'...
REPORT: US held secret meeting with NKorea in March...
WHO
BUGGED GOP? 'Nixonian
tactics' decried... FBI
asked to investigate...
More
Than Dozen States Push For Gold as Legal Tender... Bernanke Backlash...
2014:
DEMS BEGIN TO FREAK OVER OBAMACARE CHAOS... Doctors
being driven to bankruptcy... Mitch
McConnell joins Senate gun filibuster... POLL:
Obama underwater on guns, immigration, deficit...
China
looking at direct yuan trade with Aussie dollar...
REVEALED:
Obama doesn't control his TWITTER account... FLASHBACK:
70% of Follwers 'Fake'...
Firearms
Co Moving To TX After Perry Invite...
Business
Owner Burglarized 15 Times Camps Out In Store With Gun, Catches Crook...
90
MILLION OUT OF LABOR FORCE
MARCH JOBS: Payrolls
grew by 88,000 workers... 663,000
Drop Out... ANALYSTS:
Tax hikes to blame, not sequester... DOW
DROPS 100 PTS IN 60 SECONDS... WH:
'US economy continuing to recover'... Gov't
Unemployment Rate Drops to 3.6%... As
economy flails, debtors' prisons thrive...
Obama budget to target retirement accounts... RAISE
TAXES AGAIN!
REPORT:
City recruits minority lifeguards -- even if
they can't swim!
PAPER: Fears NKorea could trigger nuclear strike next WEDNESDAY... Loads
missiles onto launchers... ALL
embassies told to evacuate staff from Pyongyang...
GLOBAL
COOLING: WASHINGTON LOWERS RHETORIC... China
'losing patience'...
Wealthy
Neighborhoods Hire Private Cops as Cities Lay Off Police... Houston
Town Hires Security... Chicago
Proposal Would Allow Sponsorship of Law Enforcement... Private
Security Patrols on Rise in Oakland... EMPIRE:
BLOOMBERG FINGERS CUOMO
Record
8,853,614 Americans on Disability...
Grandmother
Of 10 Holds Burglar At Gunpoint At Her Home...
$423,500
Stimulus Program on 'Correct Condom Use' Yields Zero Jobs...
DTW
airport pulls newspaper after headline: 'Detroit, the Most Miserable (Nigger)
City in America'...
PYONGYANG
PREPS MISSILES... Japan,
U.S. bases in range... U.S.
Warns of 'Regime Change'... 'Suicidal'... Warplanes
moved to Philippines... American
Troops Poised at Border... 'Chemical
battalion' deployed to South... Kim
Jung-Un claims 'smaller, lighter' nukes... China
snubs requests... SKorea
president hoping for best, preparing for worst...
NKOREA
APPROVES 'MERCILESS' NUKE ATTACK ON USA
MISSILE
DEFENSE TO GUAM... Russia
worried by 'explosive' situation... China
military buildup on border continues... U.S.
Troops Stand 'Poised to Respond' at Border... 'Could
make preemptive strike'... Kim
Jung-Un Losing Control?
Obamacare in Trouble? Exchange provision delayed until 2015... JOE
KLEIN: Early incompetence 'really bad sign'... Cancer Clinics Turning Away Thousands of Medicare Patients...
POLL:
One in four Americans think Obama may be the antichrist...
POVERTY
SPIKES TO 1960S LEVELS... Nearly
50 Million Americans Below the Line... Child
Hunger Rates 'Alarmingly High'... REPORT:
$700 million in Katrina relief money went missing... VIDEO:
Man Beats, Robs Woman In B'klyn Subway... REPORT:
NY Dem Sen caught on FBI wiretaps bribing GOP bosses... DUMBFELLAS... Bloomberg
Blames 'Partisan Elections'... Thieves
steal six miles of copper wire!
Britain's Debt-to-GDP Reaches 90%...
EMPIRE:
New York government 'most corrupt in USA'... Plot
to Buy Spot on Mayoral Ballot... Senator,
Councilman Arrested...
REPORT:
FBI busts top NY Dem in 'bribery plot' to rig mayor race, run as Republican ... Woman
waiting at NYC bus stop dragged to cemetery, raped at knifepoint...
GA
town passes law requiring residents to own guns... 'Armed
Citizen Project' may expand to Dallas... UN GOES FOR GUNS Millions
Face Surprise Tax Bills Under 'Obamacare'... THE END OF BARACK OBAMA?
SCANDAL/ECONOMIC DISASTER BREWING! Porter Stansberry http://albertpeia.com/usobamadisaster.htm }
Obama
Asks Congress For $100M To Map Brain... Calls
Himself 'Scientist-in-Chief'... Approval
under water...
First
major U.S. city goes under... Stockton,
CA, to enter bankruptcy... California's
net worth at negative $127.2 billion... Chinese
Yuan Hits Record High vs. Dollar... Reagan
Budget Guru Declares: We've Been Lied To, Robbed and Misled... China-Australia to Ditch US
Dollar... Obama, Pelosi issue Easter
Sunday fundraising appeals... Wasserman Schultz: We're
Broke!
CURL: Obamas living the 1%
life...
DC TV station tweets Obama
greeted at NCAA game with 'cheers and boos'... OBAMA ACCUSED OF TRYING TO
'NATIONALIZE' ELECTIONS... STUDY: New Yorkers Enjoy
Less Freedom Than Residents Of Any Other State... UPDATE:
Hundreds of teens rampage in downtown Chicago... WAR
DRUMS: US MOVES GUIDED-MISSILE DESTROYER ON NKOREA Kim
Jong-un targets American soldiers in latest video... WAR
DRUMS: U.S. Moves Stealth Jets to SKorea... NKorea
vows to strengthen nukes... 'Challenging the
dollar': Bitcoin total value tops $1 billion Kuwaiti
activists to rally for Gitmo prisoners, hunger strikers 'prepare for death'
Land grab:
Israel gave less than 1% of seized West Bank to Palestinians
North Korea: The
stakes behind the rhetoric ]
CHICAGOLAND: Cops Swarm
'Wilding' Scene As Hundreds Of Youths Run Amok on Magnificent Mile... Women attacked on train... VIDEO...
PRESIDENT'S
GRAND PLAN: SPEND MORE! SEQUESTER
JESTERS: DEMS WARN OF AIRPLANE TERRORISTS, PRISON RIOTS, COCAINE FLOODING
STREETS... SPRING
BREAK: Biden heads to golf resort for third vacation of year... WH
SCRUBS SKI VACATION REPORT... Obama
daughters leave behind Bahaman beaches, hit Sun Valley slopes... SECOND
SKI TRIP THIS YEAR! In March of last year, the
White House requested media outlets remove accurate reports that Malia Obama
was on a trip in Mexico with
over two dozen Secret Service agents .The First Family has
been criticized in recent days for taking frequent
vacations. Earlier this week, Breitbart News broke the story that the
Obama daughters spent part of Spring Break at
the Atlantis resort on Paradise Island in the Bahamas. Michelle
Obama and the First Daughters took
a separate ski trip last month to Aspen, Colorado.
While each of these trips require a significant Secret Service presence,
the White House canceled public tours this month citing
Secret Service staffing costs …’ ] 'Jew
in the box' exhibition in Berlin museum... Big depositors in Cyprus to lose far more than feared... Roland
Martin Criticizes 'White Male' CNN Executives... Sports
Website Mocks 'Exceedingly White' People Celebrating Win...
NKorea
Rockets 'Ready To Hit US Bases'... HAGEL:
Have To Take Threat Seriously... NKorea
cuts all channels with South as 'war may break out any time'... 'Photoshopped'
marine landings photograph... WSJ:
Running out of threats...
{ NKOREA
PUTS FORCES ON TOP ALERT... Prepares
for 'strikes against the US mainland'...
}
WAR
DRUMS: Pentagon sends B-2 bombers to SKorea... North
'burning with hatred' for USA... { Coming from the belligerent, uncivilized, failed communist
state of nokeorea, such can only be deemed a positive and complimentary. }
MAG:
Secret Republican Plan to Repeal 'Obamacare'... ADMITS:
Yes, ObamaCare is raising insurance costs... Will
soar 62% in CA, 80% in OH, WI!
}Cyprus
banks reopen, with strict restrictions... PHOTO:
TRUCKS CARRY CASH... 'THEY
HAVE STOLEN OUR MONEY'... FABER:
Not Even Gold Will Save You From What is Coming... World's
oldest bank reports loss...
Chicago
ranks LAST in prosecuted federal gun crimes...
Republican
arrested for stealing '22 cents worth of peanuts'...
Thousands
of armed vigilantes takeover Mexican town, arrest police, shoot at tourists...
Newark,
New Jersey Considers Curfews, Armed Guards For All Businesses... 'White
Union' Claims Black-On-White Crime Problem... http://albertpeia.com/blackonwhitecrime.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm
http://albertpeia.com/blackonbrowncrime.htm
http://albertpeia.com/blackonyellowcrime.htm
VIDEO: Black Student Becomes Enraged In Evolution
Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm }
CDC:
110,197,000 VENEREAL INFECTIONS IN USA
ADMITS:
Yes, ObamaCare is raising insurance costs... Will
soar 62% in CA, 80% in OH, WI!
Watch Out,
World Bank. Here Comes the BRIC Bank! China
and Brazil Ditch US Dollar... Iraqi
oil: Once seen as U.S. boon, now it's mostly China's... PAPER:
New global visions are welcomed...
Cyprus
Banks Opening: Guards Prepare for Battle... €300
daily withdrawal limit... No
money allowed to leave country... Russia
to ban cash transactions over $10,000... FABER:
Not Even Gold Will Save You From What is Coming... Bomb
Blast Near World-Famous Acropolis...
WAR
ON JAY LENO: Soho House summit, secret e-mails... MORE... WAR
ON LAUER: Entreaty to Anderson Cooper Suggests Shake-Up at 'TODAY'... 'COMCAST
wants all the old people out'...
Immigrant
Hops Border Fence as McCain, Schumer watch... NKorea
cuts all channels with South as 'war may break out any time'... 'Photoshopped'
marine landings photograph... WSJ:
Running out of threats...
{ NKOREA
PUTS FORCES ON TOP ALERT... Prepares
for 'strikes against the US mainland'...
}
A
VACATION A MONTH... FAMILY
SPRING BREAK TAKES PRECEDENCE OVER WHITE HOUSE TOURS...
In
Russia, teen complains of adoptive US parents...
UPDATE:
University files charges against student who refused to stomp on Jesus...
PEW:
Court Approval Reaches All-Time Low...
TWO
GAY RIGHTS CASES HIT SUPREMES... WIRE:
CONSERVATIVES GIVE SAME-SEX MARRIAGE MOMENTUM... FLASHBACK:
QUESTIONS ABOUT JUSTICE KAGAN'S SEXUALITY... Chief's
Lesbian Cousin Will Attend Hearing... Cases
could end with a whimper...
10,000
DRONES IN SKY BY 2020 Mayor
Bloomberg On Drones: "Oh It's Big Brother , Get
Used to It!” ... - Zero Hedge } FLASHBACK:
Mayor's guards get special permission to carry guns in Bermuda... Gov't
spends more on disability than food stamps, welfare combined... 14
million collect checks every month... Biden's
$321,665 Limo Bill... SPRING
BREAK: Sasha, Malia Obama vacation at Bahamas' 'Atlantis' Resort... CYPRUS
TO SEIZE CITIZENS' CASH... 40%
grab on accounts above €100,000... Russians
stand to lose billions... WARNING:
OTHER countries will be raided... Clash
with Germany... Regulation
wipes out profits for UK banks... PAIN
IN SPAIN... CA
county administrator to earn $423,664 a year --
for the rest of her life! CA
town on edge after rash of 'door knock' burglaries...
Jim
Carrey releases song for 'heartless motherf***ers unwilling to bend for safety
of our kids'...
IHOP HORROR IN NEWARK NEW
JERSEY: Manager Shot Dead, 2 Hurt After Fight Breaks Out...
ISRAEL FIRES INTO SYRIA... Locusts swarm in on Passover
eve... 'Mossad spy' spilled secrets
to Hezbollah... Syria chemical weapons:
Finger pointed at jihadists... House Intel Chair: 'Red Line
Has Been Crossed'... Iraq WON'T halt Iran arms
flow... Did Obama Give Israel
Go-Ahead?
TAKE HAIRCUT OR GET OUT!
Bloomberg kicks off $12
million gun-control ad campaign... FLASHBACK: Mayor's guards
get special permission to carry guns in Bermuda...
Biden forced to give up
expensive weekly flights home to Delaware under sequestration...
NEW
WORLD ORDER With
US-Russia relationship toxic, Moscow looks to strengthen ties with China... China
'to overtake America by 2016'...
OBAMACARE:
6 in 10 physicians will retire earlier than planned... Official:
'Let's just make sure it's not a third-world experience'... Insurers
Warn on Premiums...
Biden's
One-Night Paris Hotel Tab: $585,000.50... $459,388.65
Hotel Bill in London...
'Homeland'
Denies Massive Ammunition Purchase... Won't
Answer Congress... Cover-up?
USATODAY:
America less popular in Middle East now than under Bush administration...
'Most
Palestinians hate Obama'... No
love in Jordan, either...
UK
FACES GAS RATIONING IN RECORD COLD SNAP...
TIME
RUNNING OUT... Euro
zone notes reveal extent of alarm over Cyprus... Frantic
effort to prevent run on banks... Meltdown
looms...
'HOMELAND'
TO SCAN EMAILS, MONITOR WEB TRAFFIC
Big
Sis Refuses To Answer Congress On Bullet Purchases... State
offers cash reward for reporting illegal gun owners...
LENO: NBC 'EXTINCT'... { No joke! nbc is a horribly, failed
network! Always for sale! } Cuomo
state budget includes 'Jimmy Fallon' tax credit to lure 'TONIGHT SHOW' back to
NYC... 'MUST
BE FILMED BEFORE A STUDIO AUDIENCE'... 'Temporary'
Tax On Wealthiest To Continue Indefinitely...
NEXT
STOP: JORDAN... Obama
urges Israelis to compromise for peace... 'Most
Palestinians hate Obama'...
Sarkozy
Charged In Corruption Probe...
Obama
battles to woo public... Berates Journalist After Being Asked About Middle East Failures... 'Really
hard problem'... GLOBAL
COOLING: Bethlehem rioters set fire to pictures of US prez... WH
map 'erases' Jerusalem... House
Leadership New Jersey Dem Probed over Trips to Scotland, LA...
Sequester
Jester: Depart of Ed creates new six-figure job...
Bill
would require federal workers be fired for failure to pay taxes... SENATOR:
No pay for WH budget writers until Obama delivers one... CYPRUS
VOTE THREATENS NEW EURO TURMOIL... BANKS MAY NOT REOPEN... Seeks
Russian bailout aid, EU threatens cutoff...
French police raid IMF chief LaGarde's Paris home...
Afghan
spokesman labels NATO war 'aimless and unwise'...
FEINSTEIN
FOILED ON GUN GRAB
Congressman
Asks Big Sis to Explain Huge Ammo Purchases...
Chicago
Cop 'Overwhelmed' By City Violence Takes Own Life...
GLITCH:
CHASE Customers See Bank Balance Reduced to Zero... Carney
Won't Say Whether Obama Will Cut Back on Lavish Vacations, Golf Trips... Hacker Begins Distributing Confidential Memos Sent To Hillary
Clinton On Libya, Benghazi Attack...
SHOCKING
DETAILS EMERGE FROM PHILLY ABORTION TRIAL... SNAPPED NECKS OF 'TEN FETUSES'...
Clockwork
Orange: France a 'savage' nation, book claims... Revolt
against City of London's medieval elders...
Cyprus
set to seize personal savings... Plan
moves ahead as vote delayed... BANKS
SHUT DOWN UNTIL THURSDAY... Putin:
'Unfair, Dangerous'... FT:
Here come bank runs... Germany:
Not our idea... Will
Italy follow? Europe's
leaders run out of credit...
HOLLANDE
APPROVAL FALLS TO 31%...
HOLDER
INVESTIGATES WALL STREET (Could it be?)
JOURNAL (Riiiight …. The paper as in journal, like those worthless
pieces of paper at best, fraudulently floating and being commissioned at
lightning computerized speed on wall street- What a total joke holder et
als/doj are! )...
Obama's
White House 'open to the rich and closed to the poor'...
GALLUP:
OBAMA 47%...
Feds
ALREADY Spend $30.5 Billion More in First 5 Months Than Previous Year...
Bozell
Blasts GOP Leaders: 'You Are Not What You Promised To Be'... Coulter
blasts Rubio, 'endless Bushes' on immigration...
DEUTSCHE
BANK: 'Only Jesus can save Eurozone'...
WAR
DRUMS: US DEPLOYS MISSILES
NKorea
fires missiles into Sea of Japan... Slams
'reptile media'...
President
Mocks House Dem -- But Ends Up Looking Like Jerk...
OBAMA
SAYS IRAN 'ONE YEAR' AWAY FROM NUKE...
FBI
snooping tactic ruled unconstitutional...
BANKRUPTCY
LAWYER TAKES OVER IN DETROIT...
COULTER:
Trouble in the new york nanny state...
Middle
East in turmoil 10 years after Iraq invasion...
U.S.
General Puts Troops in Afghanistan on Security Alert... UK
admits 'unwinnable war'... Australian
soldiers caught playing golf and sunbathing in enemy areas...
FROM
BUENOS AIRES WITH LOVE
First
Pontiff From the Americas...
POLL:
Global image of America plummets...
CHICAGOLAND:
Man killed over way he wore his hat...
Dem
Budget Increases Spending 62% Over Next Decade...
China's
Drone Swarms Rise to Challenge U.S. Power...
EU
MESS: Grillo warns Italy will be 'dropped like hot potato'...
'OBAMACARE'
PRICE SHOCK FOR PETS
AP:
Applying for Obamacare 'as daunting as doing taxes'...
DETROIT'S
FINANCIAL CRISIS DEEPENS...
Senate
Dems offer $1 trillion in new taxes... WH
plan will not balance budget...
SEN.
CRUZ TO RALLY CONSERVATIVES ON CPAC EVE... Obama
Won't Balance Budget 'Just for the Sake of It'... CONCLAVE
CONVENES... A
chapel vote, then a papal vote... Cardinals
swear oath of secrecy... The
20 contenders... Anti-mafia
cops raid diocese...
PEW:
Fewer Americans Than Ever Trust Govt...
JUDGE
SLAPS DOWN SODA BAN
ESCAPE
FROM NEW YORK: Paulson eyes Puerto Rico tax haven move... Billionaire looks to shield wealth...
GE
STASHES $108 BILLION
OVERSEAS... White
House Staffers Raking In Big Paychecks Despite Sequester...
SHOCK
POLL: More Prefer Congressional Republicans Over Obama On budget... House
Dems Move Away from Obama... Ask
for details on drone policy...
FACEBOOK
reveals secrets you haven't shared...
Suburbs
secede from Atlanta... 'Detroit of the South?'...
So-Cal
quake could be foreshock for something larger... Los
Angeles Shakes... LIVE
MAP... Officials
Urge Residents To Prep For '2 Weeks On Your Own'...
Germany's
anti-euro party is nasty shock for Merkel... Greece
may still have to quit euro...
WAR:
KARZAI ACCUSES USA, TALIBAN OF COLLABORATING
AIR
FORCE ERASES DRONE STRIKE DATA CIA
Brennan takes oath on draft Constitution -- without Bill of Rights...
PAPER:
Declining US power...
UPSIDE
DOWN: Colorado lowers tuitions for illegals... Army
suspends tuition assistance for troops...
Number
of Tax-Delinquent Government Workers Up 11.5%...
FEB
JOBS NUMBERS... { And the
reality is far worse than this, with make-work/makeshift jobs, with
unaffordable additional debt and money the nation doesn’t really have, even if
you believe these numbers … I don’t … not even for a second! }+236,000... 7.7%... WHITES:
6.8%... HISPANICS: 9.6%... BLACKS: 13.8%... TEENS: 25.1%... Santelli:
'Are We THAT Far Down the Hole?'
{ What a Total, Unequivocal Disaster and
Embarrassment Chicago (among other american cities) Is! }
CHICAGOLAND:
Morgue to post photos of unclaimed bodies online...
'GODFATHER'
wants sex offender-type registry for 'gun offenders'...
Rand
Paul fires back: McCain, Graham think 'whole world is battlefield'...
Boehner-Obama
Deals Add $21,817 in New Debt Per Household... REPORT:
Obama's vineyard vacation plans underway...
SHOCK:
80% Of Recent NYC High School Graduates 'Cannot Read'...
PHOTO:
Bloomberg-Backed Anti-Gun Lobbyist Enjoys 'Assault Weapons'...
KY
senator filbustering CIA nomination... 'I
will speak until I can no longer speak'... Won't
let Obama 'shred Constitution'... Cruz
Joins 'Modern Mr. Smith Goes to Washington'... 177th
anniversary of fall of Alamo... LIVE... HOLDER:
Obama 'has authority to kill citizens in USA'...
Sen.
Cruz slams Holder's defense of drone strikes against Americans...
Biden
dumb as ashtray... Gingrich a prick... Obama is lazy...
STOCKS
ON A HIGH... PAPER:
Dow Jones speeding on Fed steroids... CRAMER:
'We all know it's going to end badly'... Gov't
Borrows $254 Billion in Feb... NYC
Leads Jump in Homeless...
REPORT:
Trayvon Martin's girlfriend lied... CRAMER:
'We all know it's going to end badly'... The Last
Time The Dow Was Here... Submitted by Tyler
Durden on 03/05/2013 - "Mission Accomplished" - With CNBC now
lost for countdown-able targets (though 20,000 is so close), we leave it to
none other than Jim Cramer, quoting Stanley Druckenmiller, to sum up where
we stand (oh and the following list of remarkable then-and-now macro, micro, and
market variables), namely that "we all know it's going to end badly,
but in the meantime we can make some money" - ZH translation:
"just make sure to sell ahead of everyone else", just like everyone
sold ahead of everyone else on October 11th 2007, the last time stocks were
here... GDP Growth: Then +2.5%; Now +1.6% Regular Gas
Price: Then $2.75; Now $3.73 Americans
Unemployed (in Labor Force): Then 6.7 million; Now 13.2 million Americans On
Food Stamps: Then 26.9 million; Now 47.69 million Size of Fed's
Balance Sheet: Then $0.89 trillion; Now $3.01 trillion US Debt as a
Percentage of GDP: Then ~38%; Now 74.2% US Deficit
(LTM): Then $97 billion; Now $975.6 billion Total US Debt
Oustanding: Then $9.008 trillion; Now $16.43 trillion }
GALLUP:
O 46%... CBO:
Federal Revenue to Set Record in 2013... Bloomberg
booed in storm-ravaged Rockaways... Coast
to coast, states brace for budget shock... DC
economy to take 'the worst'... NOW
LOCUSTS IN HOLY LAND... W.H.: 'No set price' for meeting with Obama... SPAIN'S
JOBLESS HITS RECORD 5 MILLION...
'I
AM NOT A DICTATOR' [ That’s
what they all say … next thing he’ll be saying for Bob Woodward’s consumption
is ‘I’m not a crook’ … Riiiiight, O! You just act like one! The
reality is that at some point the coverup for this failed president by adopting
failed policies to obscure/hide his failed presidency must end. The reality is
that this guy just can’t ‘cut the mustard’.
The reality is that this guy, O, is total bull s**t and an unmitigated
failure by any criteria by which you can measure a presidency (including his
own as set forth in his last campaign…you know, that deficit thing that he was
going to cut by half by the end of his first term but instead increased more
than all the presidents combined! Then there were all those prosecutions to
come of the huge wall street frauds, still extant by way of legislated FASB
Rule change and now marked to anything, that never happened in fact.) (REPORT:
Obama's golf weekend with Tiger cost as much as 341 furloughed federal workers... ) Krauthammer:
Obama Only Left Out "Pestilence, Earthquake, Brimstone And Plague" In
Sequester Warning CHARLES KRAUTHAMMER: Well, they
know that they really overshot it. It was the … { Yeah … I mean, how quickly wobama changes tune and message …
the message being ultimately, true to form and his history … obama’s full of
s**t! Then again, we can all blame it on that fickle teleprompter! }
INCOMES
DROP MOST IN 20 YEARS... Money
left over after taxes biggest plunge since 1959... Bloomberg:
Don't Panic, USA Has 'Infinite Amount of Money'... President's
plan: $1 trillion in new taxes...
Chicagoland:
New tax puts cigarettes at $11 a pack...
EUROZONE
JOBLESS HITS ANOTHER RECORD... Italy
hits 21-year high... 26.2%
in Spain... Britain
slides toward new recession...
DNC
defaults on DUKE ENERGY 'loan' for convention costs... FLASHBACK:
'First convention in history that does not accept any funds from
corporations'...
Reporter:
'People Waiting For Woodward To Die'...
Florida
man (jeff bush) missing after bedroom swallowed by sinkhole... ...opened
up beneath home 100-FEET
WIDE...
WASHINGTON
MOCKS WOODWARD... Press
turns on one of their own... {
Oooooh! … Greater ‘access’ for the compliant assured thereby is the message! } Andrew Sullivan: He's 'a liar'... Plouffe:
He's getting old... { Come
on! Scientists have just proclaimed 72 the new 30 … truth be told, even
self-servingly I don’t buy that! But really, the truth is that the formidable
Bob Woodward is getting wiser! } WHite House
Threatens Another Journalist
WMAL.com February 28,
2013 Bob Woodward isn’t the only person who’s received threats for airing the Obama
administration’s dirty laundry. It seems anyone is a potential target of the White House these days –
even former senior members of the Clinton
administration. A day after Woodward’s claim that a senior White House official had
told him he would “regret” writing a column criticizing President Obama ’s stance on
the sequester, Lanny Davis, a longtime close advisor to President Bill Clinton , told WMAL ’s Mornings on
the Mall Thursday he had received similar threats for newspaper columns he had
written about Obama in the Washington
Times .Davis told WMAL that his editor, John Solomon,
“received a phone call from a senior Obama White House official who
didn’t like some of my columns, even though I’m a supporter of Obama . I couldn’t
imagine why this call was made.” Davis says the Obama aide told
Solomon, “that if he continued to run my columns, he would lose, or his
reporters would lose their White House credentials.”
} POLL:
Only 6% Rate Media as Very Trustworthy... Internet
edges TV networks as public's source for news... { As it should be! }
GOOGLE/NSA
hoarding $48 billion in cash... Donated
to Honor FTC Chairman While Being Investigated...
GLASS
SASS: 'Using smartphone is emasculating'...
IRS
Furloughs to Begin AFTER Tax Season... Federal
workers vent anger at politicians... Obama
gives Republicans a meeting -- for 7 minutes? Maxine
Waters predicts 'over 170 million' jobs lost... United
States of austerity...
POLL:
Only 6% Rate Media as Very Trustworthy... Internet
edges TV networks as public's source for news... { As it should be! }
White
House pushes high court to support gay marriage... { To support wobama’s prospective second
marriage! Might they also support bestiality unions and hence wobama’s first
marriage thereby? }Big
Sis Regrets Timing of Immigrant Release...
Army
Private Admits Giving Files to WIKILEAKS... Says
USA 'obsessed with killing'... Tried
to pass info to NYT, WASHPOST, POLITICO...
WHITE
HOUSE THREATENS WOODWARD: 'YOU WILL REGRET DOING THIS' {The nigger approach … to elections,
governing, etc., etc. }
Watergate
reporter blasts Obama 'madness'... By Susan Heavey
WASHINGTON | Feb 27, 2013 (Reuters) –
‘Journalist Bob Woodward on Wednesday criticized Barack Obama's handling of
the automatic U.S. budget cuts set to take effect this week, calling the
president's decision to hold back on military deployments
"madness."His comments continued what has become a running dispute
between Woodward, perhaps the country's best-known print journalist, and the
Democratic White House over who is responsible for the across-the-board cuts
scheduled to begin on Friday. Last week, Woodward published an opinion piece in
the Washington Post - where he is an associate editor - saying the
administration was "wrong" to blame the cuts on Republicans…’ WHITE
HOUSE WARNS WOODWARD: 'YOU'RE GOING TO REGRET DOING THIS' { That’s a threat! }'It
makes me very uncomfortable'... WOODWARD: It
was said very clearly, you will regret doing this. } POLITICO:
Exclusive Details... ‘Bob Woodward called a senior White House official last week to
tell him that in a piece in that weekend’s Washington Post, he was going to
question President Barack Obama’s account of how sequestration came about - and
got a major-league brushback. The Obama aide “yelled at me for about a half
hour,” Woodward told us in an hour-long interview yesterday around the
Georgetown dining room table where so many generations of Washington’s powerful
have spilled their secrets… Woodward repeated the last sentence, making clear
he saw it as a veiled threat…’
ALL
TAX, NO CUT: WILL HE (BOENER) CAVE AGAIN?
Dems
complain about presence of debt clock on Capitol Hill...
Obama's
Paycheck Exempt From 'Sequester'... Taxpayers
Give Big Banks $83 Billion a Year... REPORT:
White House Sells Meetings with Obama for $500k... Carney
dodges... MSNBC,
With Ex-Obama Aides, Now Almost 'Bona Fide Organ of State Propaganda'... Stevens:
Republican revival must go beyond joining TWITTER... Atheists
'face discrimination around globe'...
UK
DOWNGRADED
Firearm
Co's REFUSING Sales to
Gov't Agencies... WOODWARD: Obama fibs on budget cuts... PAPER:
Low-income consumers hit hardest by tax increases... President
Gets Economic Advice from Sharpton... Firefighters
facing possible discipline after appearing with Obama...
PUBLIC
TURNS ON GODFATHER...
CUOMO
MACHINE GOES AFTER STATE WORKER -- FOR TALKING...
ABERCROMBIE
to close 50 stores... Bernanke
downplays new bubble worries... Gas-price
increase is record for S California... TB
Outbreak Hits LA ... 'Streak
Of Light' Spotted Across Skies... Bank
of England closes in on China currency deal... Mervyn King,
Governor of the Bank of England, is on the brink of striking a deal with the
People's Bank of China which would cement the UK's role as the leading G7 trade
hub for the world's fastest growing currency.
}
LIMBAUGH:
FOR FIRST TIME I'M ASHAMED OF MY COUNTRY... 'The cycle, the claims, the threats, the crisis,
Armageddon'... { Little
late to the party for rush as per that Boston song, it’s ‘More than a Feeling’!
}SOOTHE:
Obama holds off-record meeting with top White House reporters... POLITICO
FROZEN OUT AFTER 'PUPPET MASTER' COLUMN... MAG:
Detroit Tops List Of Most Miserable Cities... POLICE:
LA hotel guests bathed, drank from rooftop water tank where body decomposed for
two weeks... 'Water
did have funny taste'... 800,000
PENTAGON LAYOFFS... Three-hour
security lines at airport? FOURNIER:
'Mr. President, This is Crazy'... Fed
Officials Divided On Inflationary, Failed Endless Pumping... Desperate
U.S. Postal Service tries to find its 'cool' factor... Jesse
Jackson Jr. pleads guilty to campaign finance fraud... White
Britons are minority in London for first time... Russia
seeks return of adopted boy in US after brother's death... PHOTOS:
Four months after Hurricane Sandy, Jersey Shore still a wasteland... http://albertpeia.com/jerseywasteland.htm }
Sheriff
Warns Of 'Second American Revolution'... REPORT:
Ohio Poll Worker May Have Voted SIX TIMES... ATLANTIC
CITY'S NEWEST CASINO TO FILE FOR BANKRUPTCY... Gas
prices could hit all-time record highs... USDA
to illegals: Don't worry, food stamps won't affect citizenship chances... Thieves
Steal $160K Worth Of Bronze From Mausoleums, Grave Sites... REPORT:
Secret U.S. military flights carried officials, equipment to NKorea... Woman
turns 102; Quits 82-year smoking habit...
SUPER SECRET SPRING BREAK:
PRESS KEPT AWAY The White House press corps is
expressing frustration over its lack of access this weekend to President Obama,
who was on a golfing vacation in Florida. Leading Geneticist: Human
Intelligence Declining... http://albertpeia.com/humanintelligencedeclining.htm FACEBOOK
GETS MULTIBILLION-DOLLAR TAX BREAK CHICAGOLAND:
Feds issue Jesse Jackson Jr. indictment -- while Obama in town to deliver
speech... Obama
Agenda Seen as Dead in Water by Republicans... State
of The Union Viewership Drops 11%... Least
Watched Since 2000... LIMBAUGH:
Obama Will Never Be Held Responsible for Anything... Milbank:
The debauched... Pair
Of Pit Bulls Go Wild, Viciously Attack 4 People In 30-Minute Rampage ... Dog
facelift ends in tragedy... Knut
skinned, fur used for new museum statue...
SEC
Freezes Assets In 'Suspicious' HEINZ Trading... Swiss
Account...
Copper
Thieves Darken Detroit Freeways...
EX-LAPD
WANTED IN COP SHOOTINGS... Left
20-page manifesto on FACEBOOK...
Uncensored... { http://albertpeia.com/niggersmanifesto.htm } Supports
gun control, Obama and Piers Morgan... { Yeah … and venal-la feinstein’s
position on guns too … he seems the perfect fit for DHS (homeland security);
you know, disarm the sane leaving them defenseless while stocking up on heavy
weaponry they and other nut-cases can kill you with … loves O …You can’t make
this stuff up in pervasively corrupt, meaningfully lawless, defacto bankrupt
america http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm }Wrote
online message to Tebow... Two
innocent women shot by police in manhunt... Statewide
'officer safety alert' issued... POLL:
Obama's approval rating collapses; 46%... HA
HA! Ohio Election Official: 'I Voted Twice for Obama'... Kitty
Kelley goes soft in Obama Era... BLIZZARD
NOW DETAILS:
NYC... BOS... RADAR... HISTORIC,
EXTREME SNOW... Winds
near hurricane force... WATCHES/WARNINGS... Long
Gas Lines... 'Panic
Shopping'... Neurosurgeon
Lectures Obama on Obamacare... ( DR. CARSON: ‘Here's my
solution: When a person is born, give him a birth certificate, an electronic
medical record, and a health savings account to which money can be contributed
-- pretax -- from the time you're born 'til the time you die. When you die, you
can pass it on to your family members, so that when you're 85 years old and you
got six diseases, you're not trying to spend up everything. You're happy to
pass it on and there's nobody talking about death panels. Number one. And also,
for the people who were indigent who don't have any money we can make
contributions to their HSA each month because we already have this huge pot of
money. Instead of sending it to some bureaucracy, let's put it in their HSAs.
Now they have some control over their own health care.’) { Sounds smart, good,
and rational to me! }
Panetta: Obama Absent Night of Benghazi... Hillary
AWOL... GENERAL:
'We Never Received a Request for Support'... 86-Year-Old
Woman Uses Gun on Intruder... Currency
Wars Return, 1930s Style... Fed
Has Bought More U.S. Debt This Year Than Treasury Issued... LaHood:
'America is one big pothole'... Top
London Properties Now Worth More Than All Rest of UK...
DIE
HARD: Bruce Willis Fights Gun Control... George
Zimmerman family 'threatened by niggers,' requires security, on the move... CHICAGOLAND:
Police To No Longer Respond Immediately To Burglaries, Car Thefts... Flash
Mobs Turning Into Epidemic On NYC Streets; NYPD Powerless... 3
People Stabbed On NYC Subway Platform... Basketball
Coach Shoots Attackers...
(WXYZ) - Police sources tell 7 Action News that a women's basketball
coach from Martin Luther King, Jr. Senior High School shot two men who attacked
him as he was walking two basketball players to their cars in the school
parking lot.CLICK
HERE FOR THE LATEST UPDATES Police sources say the coach was
walking the two girls to their cars when two men allegedly approached and one
pulled out a gun and grabbed him by his chain necklace. The coach then pulled
out his gun and shot both of them, according to sources.The man who shot the
attackers was 70 years old, according to police.One of the attackers was found
dead in the median on Lafayette Boulevard, and the other was taken to a local
hospital, according to police sources. We've learned that both of the men had
attended the high school, and one had been recently expelled. Read more: http://www.wxyz.com/dpp/news/man-shot-near-martin-luther-king-jr-high-school-in-detroit#ixzz2K4VUwpF9 CBO: Obamacare will cost 7 million workers healthcare coverage... Gas prices
hit all-time record high for early Feb... 8,830,026:
Americans on Disability Hits New Record... Sheriff
Joe's credit-card info stolen, used at Chicago grocery store...
Justice Department to sue Standard & Poor's... FLASHBACK:
S&P downgrades U.S. credit rating... Rev
Jackson calls for Homeland to patrol Chicago... 'Worse
than Capone gangland days'... CHICAGOLAND:
Cops Shut Down Prostitution 'House Of Horrors'... COPS:
Teen throws boy, 9, off roof... http://albertpeia.com/negroesatplay.htm REPORT:
Fourth flight to Dominican by Dem Sen raises new questions... Home
state newspaper casts doubt on Menendez... PROSTITUTE:
'THEY THREATENED THOSE GIRLS'... OBAMA:
'NO DOUBT' WE NEED MORE NEW TAXES... Gasoline
costs take biggest share of household income in three decades... STOCKS
TAKE WORST ONE-DAY DROP THIS YEAR... UPDATE:
POWER GOES OUT AT DOME DURING GAME... {AP1-23-13: No! I didn’t watch the monkey bowl nigger
show at half-time, and only parts of this year’s monkey bowl. Wow! San franny,
on their fanny, should give former san fran mayor, venalla feinstein a call to
send in the big guns before she bans them. Whoops…need to break the momentum of
rival of niggertown favorite, san fran so power outage in niggertown new
orleans…definitely hurricane katrina’s fault…riiiiight …better give nigger ray
nagin a call to get things back up and runnin’…whoops, no can do – nigger ray’s
just been indicted ( http://www.nola.com/crime/index.ssf/2013/01/a_breakdown_of_the_payments_to.html ) …Besides, this is a great way to level
the playing field for the hometown nigger purse-snatchers…you know, lights out
and all. Actually, I truly am rooting for the ravens, but not much…reason? To
thwart this year’s egregious wall street fraudulent, manipulated ‘january
effect’ superstition; viz., an AFL team nigger bowl win means according to
mental case wall street superstition, bear market/bad stock market (actually,
‘sell now before may and go away’ is the apposite axiom regardless who wins).
This is the last monkey bowl I’ll be watching even part of. If you’re rooting
for san Francisco, be sure to where some flowers in your hair. This was the sh**iest
monkey bowl I’ve ever seen even a part of! }
UNEMPLOYMENT
RATE BACK UP TO 7.9%... ASSOCIATED
PRESS: 'mostly encouraging'... 8,500,000
Americans Left Labor Force In Obama's First Term... POOF:
Another 170,000 disappeared in January... Retail
Workweek Hits 3-Year Low... Massive
revisions to earlier numbers... Gas
prices to top $4 again... IRS:
Cheapest Obamacare Plan Will Be $20,000 Per Family... Obama
Admin Delays Keystone Pipeline Decision Another 6 Months… SUICIDE
BOMBING AT U.S. EMBASSY... Eighth
Embassy Attack During Clinton Reign... REID
BACKS MENENDEZ AMID UNDERAGE PROSTITUTION CHARGES... Long
before FBI raid, NJ senator tried to help donor's Dominican Republic
business... Bob
dodges press... PROSTITUTE:
Senator 'likes the youngest and newest girls'... CHICAGOLAND:
Murderer Mistakenly Released From Prison... Driver
shot to death on Lake Shore Drive ramp... Tawana
Brawley served with court order to pay man she accused of rape in 1987 http://albertpeia.com/rememberingtawanabwana.htm
IRANSYRIA
THREATENS TO RETALIATE AGAINST ISRAEL... Syria:
Israel Struck Military Site... Russia:
Unacceptable... UN:
Israel Must Withdraw From Judea... Settlements
'violate Palestinian rights'... Jobless
claims rise sharply...
Detroit
suburb mulling $5 rat bounty program...
was a dog trait). I happen to like birds, ie., Hawks (regal ferocity),
Humming Birds (aerodynamics), and Owls (hunters/I just like them) in that
precise order; but, I do like cats much more. When I’d jog home from the gym in
the evenings I began carrying a small (18 inch tube) metal club and developed a
proficiency for ‘running down’ and killing rats [ There were so many, particularly
near the trash cans. I got up to 123 (confirmed) kills (I didn’t count those
mortally wounded but slinking into the safety of, ie., the sewer) before
stopping because of cries of ‘outrage’ from the niggers here in LA when they
occasionally witnessed same (Wow! Can you believe it? Always somethin’ to
complain about for the niggers, no matter how irrational!); and that became not
worth the ‘controversy’. For the further record, if pellet guns were allowed,
I’d ’wipe out’ disease-carrying pigeons; and, without compunction or
hesitation, I’d ‘wipe out’ all venomous, fanged creatures, ie., poisonous
snakes, all spiders, scorpions, etc., without exception; and of course, I’d
‘wipe out’ such vermin as cockroaches, bed bugs, mosquitos, etc.. I would not
kill bees (pollination, etc.) however, except for those that tried to sting me.
] }
SHOCK:
ECONOMY SHRINKS
GDP
-0.1%... Santelli:
'We Are Now Europe'... Job
market booming at IRS... DEMS: BEST LOOKING CONTRACTION YOU'LL EVER SEE... Automatic Budget Cuts More Likely as Stances Harden... Pension insurer warns of rising deficit... Dollar at 14-Month Low vs Euro... FED: KEEP PUMPING...
CHICAGOLAND:
15-Year-Old Who Performed At Obama Inauguration Shot Dead...
City
murders more than double Afghan death toll... Records
Deadliest January In 11 Years...
Faber:
Better Enjoy Market Rally While You Can... USA
debt headed toward 200 % of GDP -- even
after fiscal cliff deal! CHARLIE
DANIELS: Nanny State Policies of this President Will Result in 'Chaos and
Bloodshed'... Benghazi
my greatest regret... Republicans
like terrorists... SENATOR:
'hillary clinton got away with murder'... White
slaves, black slaveowners in new play...
Feinstein: NRA is 'venal'... ast.} Government
Officials Can Still Own Assault Weapons Under Feinstein Bill... O: 'I
GO SHOOTING ALL THE TIME' BIG
SIS TO PURCHASE 7,000 'ASSAULT RIFLES'... BLOOMBERG
REFUSES TO DISARM
Warning from David Mamet...
(NIGGER)LAND OF LINCOLN
downgraded... Rated 'worst'
state in country...
CHICAGOLAND: 7 MURDERED IN
SINGLE NIGHT... Mother loses 4th child to
shooting...
Detroit's ex-mayor back in
jail... Treasury
skewered for doling out 'excessive' CEO pay packages after bailouts... Argentina
and Iran form 'Truth Commission'... Israel
warns of possible pre-emptive strike in Syria...
Key
facility hit? Kissinger:
Iran nuclear crisis close... [ Kissinger Predicts Nuclear War with Iran { This would be a zionist wet dream come
true! And, a disaster for literally everyone else, particularly for pervasively
corrupt, defact bankrupt America whose prior orwellian pro-israeli moves have
not turned out well for anyone including america except for israel, the war
profiteers and the military industrial complex as warned against by the
underrated but great president General Eisenhower! } Kurt Nimmo | Characterizes looming conflict as “a
turning point in human history.” {
Riiiiight! That along with other pro-israeli, u.s.-bankrupting contraindicated
positions. The israeli lobby doesn’t even have to pay kissinger for such folly!
How ‘bout the turning point being the misguided balfour declaration and the
subsequent existing 200+ illegal israeli nukes! } Video: Globalist Kingpin Predicts Nuclear War with Iran Prison
Planet.com | Globalist kingpin, renowned war criminal and Rockefeller co-conspirator
Henry Kissinger is talking up a nuclear conflagration. { Riiiiight! That along
with other pro-israeli, u.s.-bankrupting contraindicated positions. The israeli
lobby doesn’t even have to pay kissinger for such folly! How ‘bout the turning
point being the misguided balfour declaration and the subsequent existing 200+
illegal israeli nukes! } ]
COURT TO OBAMA: ABUSE OF POWER
HOLDER
MOVES ON GUNS... Communist
Party USA cheers...
UK
heads for unprecedented 'triple dip' recession...
Feinstein
Gun Control Bill Would Exempt Government Officials... Lacks Dem Votes to Pass Dem Senate... REPORT:
Stricter gun laws fail to drive down gun-crime rates...
'MENTAL
HEALTH CHECK'
AMERICAN
IDOL Racism Row: Nine Black Rejects Sue FOX Show... http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm }
Fed's
Holdings of U.S. Gov't Debt Hits Record $1,696,691,000,000 -- Up 257%!
APPLE
STOCK ROTTEN...
Number
of Sheriffs Refusing to Enforce New Laws Snowballs...
Zuckerberg
to fundraise for Chris Christie...
Assange
Calls DREAMWORKS' WikiLeaks Movie 'Massive Propaganda Attack'...
I
Will Implement 'President Obama's Vision For The World'...
Taliban:
Prince (harry) has 'mental problem'... Attenborough:
Humans are plague on Earth... Japanese
minister: Let elderly people 'hurry up and die'... Environmental
advocate launches campaign to ban cats as pets... Post Office cuts threaten
source of black jobs... problems, in large part …takes two or three
niggers to do the same work of one non-nigger, they are so lazy and
unproductive. The niggers are also error prone, and don’t give a hoot that they
are. ‘That Detroit workforce’ has done wonders for america’s auto industry. }699
teleprompter speeches, 83 days of vacation... REPORT:
ALL HOSTAGES DEAD IN ALGERIA RANGEL:
'Some of the Southern Areas Have Cultures We Have to Overcome'...
GALLUP:
O 49% APPROVE...
'(0)HIGH(0)
ON HIS POWER'
NOONAN:
Obama overplaying his hand... }
Fast
And Furious: Man Claims To Have Shot U.S. Border Patrol...
CHRISTIE:
NRA Ad 'Reprehensible'... 129
DAYS LATER: FBI DIRECTOR IN LIBYA FOR BENGHAZI INVESTIGATION... There isn’t
anything about america that’s not ultimately, in the final analysis,
criminal/totally fraudulent! Germany
Starts a Central Bank Run http://albertpeia.com/trustingamericainsanity.htm }
CHICAGOLAND:
Teen killed at end of high school basketball game... A
MeSSaGe To THe BuNDeSBaNK FRoM BeNDiTo BeN... http://albertpeia.com/germangoldgone.htm
RUBIO:
Abuse of executive powers... 23
'Executive Actions'... After
Speech: 'Par-TEE!'
SECOND
CONGRESSMAN SUGGESTS IMPEACHMENT... BROWNSTEIN:
Expect Obama to Get EVEN MORE Aggressive... Gun
stocks soar... HURT:
Personal liberty under fire...
THUGS
BRUTALLY BEAT TOURIST ON GREENWICH VILLAGE STREET USING BAT, TIRE IRON { If
only the tourist had a gun! }...
PAPER:
Time to start switching out of US assets...
13-year-old
girls beat woman at bus stop 'for fun'... Girl
gang hails cab, then chokes, robs driver... ( Uncivilized niggers, of course! ){ CHICAGO (FOX 32
News) – ‘The Chicago Police Department has issued an alert in the 2nd District
of Wentworth for several armed robberies that have occurred during the month of
January.The offenders, described as six to seven African American females with
a light completion between the ages of 16 and 20, enter cabs in the Loop. Upon
arrival to their destinations on the South Side, one of the girl chokes the
driver with a rope or cord, while another threatens the cab driver with a
knife, demanding cash. Authorities say the group then jumps out of the
cab… Read more: http://www.myfoxchicago.com/story/20546398/alert-group-of-girls-sought-armed-robbery-cab-drivers?obref=obinsite#ixzz2ICcZA7FJ Indonesian
judge jokes that victims may enjoy rape...
Citizens
File Articles of Impeachment Against Obama...
REDDIT
Founder's Father: 'Aaron...Was Killed by the Government'...
NRA
Ad: Obama Is 'Elitist Hypocrite'...
Cuomo
Quickly Signs Into Law To Avoid Run... Corleone
apologizes for decades of Mafia murders... MORE
DEATH ON NYC SUBWAY...
RAND
PAUL: 'Having a monarch is what we fought the American Revolution over'...
Reporter
Mocks Carney: 'I'm Not Going to Indulge Your West Wing Fantasies'...
Fitch
may downgrade U.S. credit rating... Long-Term
Unemployment Highest Since World War II... Welfare
spending to rise 80% in next decade... HOUSE
SPENDS $50B ON SANDY AID... { Replaying
Chris Christie's Epic Anti-Boehner Meltdown ZH { The bigger, fatter, more rotund question everyone’s
asking is, will they ever be able to put humpty dumpty back together again? The
newyork/jersey/conn tristate national drains (huge wall street frauds,
organized crime, and all etc.) feel slighted; yet, how can you miss him? I’ve
been waiting far longer for resolution to the corrupted process regarding funds
due and owing to me from primarily the corrupt tristate region, the beltway’s
no.virginia, and banana republic extraordinaire (the entire nation’s become
one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm }
White
House to miss budget deadline; Breaks law...
Workers
raiding retirement funds to pay bills...
Reid
denies involvement in Utah businessman scheme... SALT LAKE CITY
(AP) — Senate Majority Leader Harry Reid 's office said
Monday he was never involved in a deal to have a Utah businessman pay the
senator to make a federal investigation disappear…’
Sounds very american to me; the bribes part, pay to play, etc.; that’s what
I’ve seen, and worse… http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm }
Michael
Savage: Don't trust feds on flu shot... etc., despite america’s
defacto bankruptcy and the unaffordability of same), despite their unequivocal
incompetence and venality. In fact, stepping back, I have seen first hand those
siding with/benefiting from (and the encouraging of more crime), ie., RICO
defendants et als, actually rewarded by the pervasively corrupt/defacto
bankrupt american system (ie., trumps, alito, fed slugees, etc., essentially a
combination of and tantamount to what is essentially hush money, bribes, etc.).
Pervasively corrupt, defacto bankrupt america is a failed meaningfully lawless
nation of marauders/thieves that no longer even remotely resembles what it
purports to be and arguably once was. Armed
Robberies Spike Following Game... http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm
CONGRESSMAN
WARNS OBAMA: IMPEACH YOU
{ http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm }
White
House readies 19 executive orders on guns...
SHRINK:
We are creating 'generation of deluded narcissists'... http://albertpeia.com/deludednarcissists.htm ‘…We must
beware of the toxic psychological impact of media and technology on children,
adolescents and young adults, particularly as it regards turning them into faux
celebrities—the equivalent of lead actors in their own fictionalized life
stories…’ Read more: http://www.foxnews.com/opinion/2013/01/08/are-raising-generation-deluded-narcissists/#ixzz2HXlpfElS Indeed, and america’s got the ‘perfect (failed,
like them) president’ for this deluded generation of of ‘legends in their own
minds’; viz., choom gang fantasizer in chief, wobama the b for b*** s***! Wobama’s
Choom Gang Bangin’ { This brief video (11 mb) is well done and worth a
watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Obama's
Lucky Charms: A Hindu God In His Pocket, A Masonic Emblem, And A Ring That Says
"There Is No God Except Allah"
http://albertpeia.com/ohowweird.htm Why do our politicians have to be so
weird? { Why? Because in, ie., O’s case, he is weird. Homo/hetero,
Muslim/Hindu/Christian, for Wall Street/against Wall Street, prosecute/no prosecute,
war/no war, say one thing/do another, truth/no truth, etc.. wobama’s
gotten’ by on b***s*** and ‘special consideration’ alone, never having done
anything of substance in his entire life. Indeed, even his so-called
‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced
fantasies which reveal a psychogenic/dissociative amnesia that works well in
the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign
trail’ littered with the cowpies of stark reality. People owe themselves and
their children more than this grifter’s con which in numbers measures more than
the increased deficits of all the presidents since President General Eisenhower
combined to obfuscate his unequivocal failure. Drudgereport: UPDATE:
Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall!
This from the record holder for fundraisers, 151 and counting. Then there’s the
100 plus rounds of golf in addition to being famously over-vacationed while in
office. Did wobama expect that these things would in choom fashion magically
come to fruition while he was ‘workin on his tan’, golf swing, or shootin’
hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm
The point is that you don’t have to love
Romney but you at least have to like yourself in saying ‘NO!’ to more wobama
b***s*** which is all that he is. Have some self-respect. His grade is
unequivocally ‘F’ for failure, having failed to do as promised which
coincidentally is a direct cause among others of this debacle called america’s
dark obama years. All the talk/b***s*** cannot change that reality. } http://albertpeia.com/10waysobamakillingjobsinamerica.htm Wobama’s Choom Gang
Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Friday
Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End
Of My First Term In Office"
ZeroHedge.com Tyler Durden { Wobama the b
for b***s*** speaks … on the prior pre-election campaign trail ( The
Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm }
GODFATHER
OF CORRUPT CHICAGO RETURNS TO DC TO PUSH GUN CONTROL... CHICAGOLAND:
22 DEAD IN BLOODY START TO YEAR...
New
India Gang Rape: Woman Hanged from Tree after Sexual Assault in Bihar [VIDEO] { What can you expect from ‘animals’ who
believe they might reincarnate (ridiculous! - there is, however, such thing as
demonic possession) as other animals (‘…Hinduism is based on the concept of
omnipresence of the Divine, and the presence of a soul in all creatures,
including bovines. Thus, by that definition, killing any animal would be a sin:
one would be obstructing the natural cycle of birth and death of that creature,
and the creature would have to be reborn in that same form because of its
unnatural death. Historically, even Krishna , one of the
most revered forms of the Divine ( Avatar ), tended
cows…’ Wikipedia) }
6
ARRESTED IN NEW GANG RAPE OF A BUS PASSENGER IN INDIA... Woman
hung from tree after rape...
India reports 25 rapes in week following
Delhi gangrape IBNLive { See, as per the californication amerikan
jurisprudential scholar/jurist/judge, these 25 girls may not have realized it,
but, they really wanted it … you know, otherwise, as per the californication
jurisprudential scholar/jurist/judge these subconsciously consensual encounters
could not have happened because the body would ‘just say no’ to such liasons if
nonconsensual. There you go! … american jurisprudence has done it again as they
guide us through those dark, shadowy, murky areas of the law that would
otherwise label violent criminal rapists as violent criminal rapists. (We’re talking India here; but, violent rape
among a plethora of other substantial crimes including murder, huge protected
ie., wall street, etc., frauds, armed robberies, etc., are rampant in
pervasively corrupt, defacto bankrupt america.) India gang-rape suspects to face murder
charges (CBS/AP) NEW DELHI - Indian police charged six men with
murder on Saturday, hours after a woman who was gang-raped and beaten on a bus
in New Delhi nearly two weeks ago died in a Singapore hospital. { Clearly, says
the california-american jurist/jurisprudential scholar, this girl was not a
victim but really ‘wanted it’ and while she may have been screaming/saying
‘no’, she really meant ‘yes’ since otherwise her body wouldn’t have permitted
that rape (and beating) to happen. See … now that’s why we have professionally
educated/trained judges … to ‘split the pubic hairs’, so to speak … (that judge
should be forced to step down)} Calif. judge says a victims' bodies can
prevent rape CBS News SANTA ANA, Calif. A Southern California judge is being publicly admonished
for saying a rape victim "didn't put up a fight" during her assault
and that if someone doesn't want sexual intercourse, the body "will not
permit that to happen.” { Wow! Spoken like a true california american jurist.
Well, with violent rapes on the rise along with other serious violent among
other crimes in america and california particularly, and elections being what
they are, ‘might as well go with the flow’ might have been the ratio-decedendi.
After all, most violent criminals in america are closet pacifists/peace corp
members and if the body says yes or no but the mind subconsciously says yes,
only then will a rape happen (NOT!); and, no violent rapist would let a
LIVE/CONSCIOUS rape-resistor get in the way of implicit consensual rape. Wow! I
initially was going to quip, ‘he doesn’t get out much’; but, maybe he just
‘gets out too much’. Wow! What more can anyone say! [ If the foregoing didn’t
make sense to you, that’s because the californication judge’s outrageous
statement is absolutely preposterous! ] }
RADIO WAVES: Hannity:
States could leave union if feds continue 'radicalized, abusive' pattern...
Obama
gives himself lifetime protection with armed guards 24/7... FLASHBACK:
Obama opposed bill to allow person to use gun to save own life in own home {
Yeah … that would endanger his fellow niggers in large part according to crime
stats! } ...
NRA
RANKS SOAR... Obama
'agenda to attack Second Amendment'... CLASH... GOOGLE
searches for 'Hitler gun control' spike... Biden
Hints at Outlawing Unregulated 'Private' Sales... WY
Lawmakers Propose 'Gun Protection' Legislation to Thwart... Kirchner
attacks Falkland Islands 'invaders'... Invaders indeed! Time to call british spades, spades! We fought a
revolution after so doing! Some more brit reality: 18
Facts That Prove That Piers Morgan Is Flat Out Lying About Gun Control http://albertpeia.com/piersmorganlyingaboutguncontrol.htm }
'THE
RIGHT OF THE PEOPLE TO KEEP AND BEAR ARMS, SHALL NOT BE INFRINGED'
Obama's
81% Support in New York City Best in 114 Years...
SHRINK:
We are creating 'generation of deluded narcissists'... http://albertpeia.com/deludednarcissists.htm ‘…We must
beware of the toxic psychological impact of media and technology on children,
adolescents and young adults, particularly as it regards turning them into faux
celebrities—the equivalent of lead actors in their own fictionalized life
stories…’ }
UNTOUCHABLE:
MF GLOBAL judge nixes group's bid to depose Corzine... { Pervasively
corrupt, defacto bankrupt in every way, fallen america is so far gone they no
longer even bother with pretense! }
CONGRESSMAN
FLOODED WITH CALLS ON GUN CONTROL: 9-TO-1 AGAINST...
France
bumps drunk-driving charge up to criminal court for tax exile Depardieu...
Alex
Jones vs. Piers Morgan: '1776 Will Commence Again If You Try To Take Our
Firearms'...
REPORT:
BANK OF AMERICA Freezes Gun Manufacturer's Account...
Armed
Robberies Spike Following Game... : ‘bad guys (criminals) with guns can only be stopped by good guys with
guns’. Moreover, I would add that criminals will always have (and have access
to getting) guns. To strip the good, the innocents of their like defense
against same is insanity. I hearken back to and reiterate the (famed NRA truism
and) reality that it’s ‘people that kill people’ and the numerous examples he
gave of armed defense being the only real, true protection for those in need,
as ie., children, etc., of protection from the nefarious elements of our
increasingly less than civilized society. Let me also add from direct
experience, if you’re relying upon, ie., the feds and (corrupted) process, to
protect and save your property, life, liberty and happiness consistent with
rules of law and civilized behavior … then, you’re finished/done/dead! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm
GALLUP:
OBAMA APPROVE FALLS BACK TO 50%...
Merkel
pictured with blacked-up children...
Barney
to Be Senator Frank? Guess he just
wants to repopularize that all-american haircut, the pageboy! }
DEBT
HITS $16,432,706,000,000.00
NYC
Pol Slams Pork in Sandy Aid Bill...
Lobotomy
Joe Biden gets frisky with senator's wife... 'Spread
your legs -- you're going to be frisked'...
House
votes to keep pay freeze for lawmakers, federal employees; Overturn Obama
executive order...
'Fiscal
cliff II' showdown set for February...
Senate Received 154-Page Bill Only 3 Minutes Before Voting on it... { Time to implement term limits across the
board, no exceptions! }MONEY'S
NO OBJECT: Obama heads back to Hawaii -- at taxpayer cost of $7 million... Obama
vows more tax hikes: 'We can't cut our way to prosperity'... NASCAR
PARTY FAVORS BURIED IN 'CLIFF' BILL... MILLIONS
FOR RUM PRODUCERS... $59 million for algae growers... HOLLYWOOD
GETS BREAK... ...AFTER
RECORD BOXOFFICE YEAR
AFGHAN
WARLORD: PRINCE HARRY IS 'JACKAL KILLING INNOCENTS'...
Oliver
Stone: 'USA has become an Orwellian state'... Activists
voice dismay as Senate renews government surveillance measure...
Pay
Raise for Biden, Members of Congress, Federal Workers...
Bloomberg:
Keep 2 subway push deaths in perspective...
OVER
THE CLIFF WE GO! OBAMA
SENDS SOS TO HILL... House
to Return Sunday... Deal
'virtually impossible' before New Year... Finger-pointing...
FEINSTEIN
BILL REQUIRES 'GRANDFATHERED WEAPONS BE REGISTERED' { Only the criminals are
excepted and exempted; particularly in crime-ridden california! } ...
Spending
to Increase 55% Under Obama's Plan...
Lawmakers:
We're Likely to Go Over 'Cliff'... ...
finger-pointing Impasse
Turns to Senate... Obama
turns to golf in Hawaii...
School
Obama's Daughters Attend Has 11 Armed Guards...
NRA LaPierre: Hollywood,
media, music, violent videos cause culture of violence... tragic scenario), along with the reality
that crime in america pays, and pays well, and is largely protected at the
highest levels. That said, I still oppose any and all censorship (a ‘slippery
slope’ in a country now as this, best not tread on) to the extent that’s
inferred from LaPierre’s cogent speech; though I believe it a stretch for
anyone to have reasonably gleaned that from his words so eloquently put. I read
the text of his entire speech as he made it. I believe he was correct in every
significant respect; importantly, and simply put, ‘bad guys (criminals) with
guns can only be stopped by good guys with guns’. Moreover, I would add that
criminals will always have (and have access to getting) guns. To strip the
good, the innocents of their like defense against same is insanity. I hearken
back to and reiterate the (famed NRA truism and) reality that it’s ‘people that
kill people’ and the numerous examples he gave of armed defense the only real,
true protection for those in need, as ie., children, etc., of protection from
the nefarious elements of our increasingly less than civilized society. } NRA’s Wrongheaded Response to Sandy Hook Violence Infowars.com | NRA Executive Vice President calls for more cops in schools and a
government database of the mentally ill.
{ The following ‘rebuttal’ from Infowars is not entirely unreasonable
but I believe relies too much on the presumption of sanity among the american
masses: ‘…LaPierre also announced a NRA model security program of armed
volunteers to guard schools. He said Rep. Asa Hutchison, R-Ark., will lead the
program for the lobbying organization. While the idea of armed citizen volunteers protecting schools is
reasonable, the call for adding more police is not. The presence of police in
public schools has created a number of problems – from tasering and handcuffing students to shooting them to death – in addition to fostering a prison-like environment [if the ‘shoe
fits’]. As for creating a government database of people suffering from mental
illness and then presumably denying them Second Amendment rights, this is a
dangerous idea begging for government abuse [as was so in the former communist
soviet union of old]. If the state is allowed to determine what mental illness
is and who suffers from it, large numbers of people will undoubtedly have their
right to own firearms denied (like veterans suffering from PTSD are denied their rights). It looks like the NRA is merely passing the
buck on this issue and once again relying on government to devise solutions
[this is an unfair criticism by infowars inasmuch as the NRA are not elected
officials although, truth be told, as evidenced in the past election, u.s.
elections are a total joke and are indeed ‘rigged’ – then there were as well
the unprecedented terrorist threats of violence/rioting by the typically
uncivilized niggers ( note that wobama, a nigger himself, registered no
objection to those threats and intimidation – the uncivilized niggers having
their way now with purported ‘civilized institutions’ – don’t forget the crime
stats wherein niggers are the undisputed leaders by far ) as well as voter
fraud, and incumbents did not want to rock their boat, aka ‘the uss titanic’ ].
The solution to public school violence is really quite simple – citizens must
be fully empowered to exercise the right to self-protection and the protection
of their families (defense is a natural right that has nothing to do with the
real reason the Second Amendment was established). This right to
self-protection cannot be denied by “gun free zones” that are in essence
self-defense free zones…’ } American Dream Fades for
Generation Y Professionals... House Republican members
circulate plan to oust Speaker Boehner... {12-18-12 BOEHNER ADOPTS PELOSI PLAN... What
In The World Are Barack Obama And John Boehner Thinking? http://albertpeia.com/2dummiesinovertheirheads.htm Gov't
announces GM 'exit strategy' ... taxpayers to lose billions! 50%
Loss!
Clinton
accused of faking illness to avoid Benghazi testimony...
Reporters
Criticized for Not Following Script at White House News Conference... President
Uses Sandy Hook Massacre to Push Tax Hikes...
Sen.
Feinstein: ZERO DARK THIRTY 'dangerous'... Reid
Adjourns Senate for Viewing of LINCOLN...
SLAUGHTER
OF INNOCENTS
MEDS?
Shooter suffered from 'personality disorder' ... 'Obviously
not well'... { 20 children, 7 others dead in school shooting Marketwatch
{ From the previous day, pre-shooting I posted : Don’t Let Your Child See a Psychiatrist. Jon Rappoport
{ In light of his expressed fear, psychologists can’t prescribe
medication – though that’s changed somewhat in some states. Rappoport must
realize that some parents, nuttier than fruitcakes particularly in america,
might be the problem. Who then does the troubled child turn to?} That said, Every human emotion now classified as a mental disorder
in new psychiatric manual DSM-5 Mike Adams { Well, I gotta tell ya … if the
shoe fits, wear it … the reality is that the prevalence of mental
disorders/mental illness in america is so great that reactions as those of mike
adams (including shooting the messenger) are not unexpected; but, must be
discounted. After all, insanity or close to it has indeed become the new
normal, shaded/obscured somewhat by what’s deemed simple inherent criminality
which masks the underlying ‘americinsanity’. }
OBAMA
TO STONERS: WE'RE COOL... Choom gang-banger wobama is about as cool as
s**t moving downhill … ‘social’ drugs as marijuana, blow to a lesser extent,
hashish (heroin, speed, barbiturates, etc., are definitely uncool, sticking
with the limited stoner terminology, dudes) are neither cool nor uncool … as
plebian as a glass of wine, champagne, beer, scotch, etc., after a week’s hard
work only, at best a somewhat decadent indulgence; at worst, as with all
indulgences, literally potentially destructive and negative if in excess … Far
from special, anyone can do them … [Truth be told, within weeks (ie., usually
4-6 weeks) of ie., important exams (it’s also ‘lamentably’ true I was a
‘quick-study’ crammer but blessed with a great memory facilitating same without
detriment thereby, providing for/enabling ‘balance’), I abstained from
marijuana owing to the somewhat limited, lingering persistence of same in the
fatty tissues including the brain affecting retention, etc.. ] Wobama’s Choom Gang Bangin’ {
This brief video (11 mb) is well done and worth a watch! http://www.albertpeia.com/wobamaschoomgangbangin.wmv }
Pelosi
Accuses GOP Of Lack Of Concern For Kwanzaa...
DETROIT'S
DECLINE: 34.5% on Food Stamps, 45.7% Not in Labor Force...
BUDGET
DEFICIT SKYROCKETS TO $172B IN NOV, UP $52B FROM OCT...
PUMP
DELUXE: Federal Reserve to spend $45B month to buy bonds... { It’s really quite amazing that the so-called economic
experts, ie., economists, financial/securities analysts, CEO’s, etc., are so
economically challenged so as to believe beyond the self-interested ‘swallow’
(ie., paper inflation, etc.) that somehow printing/creating ever more
worthless/debased paper fiat currency will in some way create real value,
production, jobs, etc., as opposed to
the destructive mechanism along with nefarious dislocations that it truly is. } PROJECTS
HIGH UNEMPLOYMENT FOR NEXT 3 YEARS...
JIMMY
HOFFA WARNS OF 'CIVIL WAR'... { There is an exception to the hearsay rule known as a dying
declaration; the rationale being that a person would not ‘go to his maker’ with
a false statement/declaration to ‘taint his soul’. Interestingly, I had occasion
to know a very intelligent, learned man who was indeed dying, in a death spiral
if you will. A lawyer by profession, he had taken an interest in another
lawyer’s history; none other than Abraham Lincoln himself. Curiously I thought
at the time, though even then, some decades ago (long before the internet), I
realized that you were never getting the whole, correct, true story from
american media, history as written, etc.. ( I was fortunate in sixth grade to
have had a great teacher, James Bresnahan, who allowed for
‘expansive’/accelerated learning in what he took the time and trouble to
provide as an advanced reading group. Among the subjects was that
knowledge/thinking tainting phenomena known more commonly as propaganda). After
all, a long dead president; and, one who famously suffered from recurring bouts
of severe depression could hardly be the object of, from my view, intense
intellectual interest and scrutiny. Yet, he was fixated on what he deemed a
somewhat surprising revelation; viz., from his intense study, Abe was not
‘Honest Abe’ but rather, was a thief. I was aware that in fact, Lincoln found
niggers somewhat appalling and initially opposed ending slavery as well as
those who favored same, viz., the abolitionists, etc. (niggers are a same old
old story of lazy, unproductive, inherently very uncivilized criminal people
who are fun-luvin’ for games, partying, and getting high only. Even the incisive Shakespeare
euphemistically referred to the ‘typicality’ of the inherently untrustworthy
and without sense of honor, ‘noir’ [french for black]). The ultimate consummate
politician (as a lawyer, Lincoln famously took a contrary position not long
before saying he thought he then was right but now taking the opposite position
now knew he was right … riiiiight! ‘Honest Abe’), Lincoln ultimately did, in
rallying his ‘stalwarts’, back the abolitionist cause. I personally feel the
people of the south were foolish in bringing vanquished niggers, sold into
slavery by other niggers who vanquished them, to this already now recently
blemished land. Moreover, as today, the niggers (and the abolitionist cause)
had provided fodder for politics of all
sorts, including that of Lincoln. Indeed, even today, spielberg who is famous
for his pro-jewish ‘politicking’/propaganda (even the first Indiana Jones movie
was heavy on the Arab/Nazi transference propaganda) has found a way to make
film-making pay for him and the democratic party by way of the misguided,
inaccurate view of Lincoln as the anti-slavery icon he is speciously depicted
as. Civil war? Hoffa, like his mob-connected, then disconnected (permanently)
father is old news. The truth is that their own done them in (as was so of
hoffa’s father) with NAFTA, etc., as they themselves foolishly laughed at their
real would-be saviors, ie., Ross Perot, etc.. The reality is, there is
literally nothing that can’t be produced better and cheaper and without paying
the shake-down bribe from the teamsters et als for doing absolutely nothing (as
is true with the other niggers, et als, entitlements, etc.), elsewhere. Twinkies
anyone? }
Obama
has hired 101 new federal employees A DAY since taking office...
UNCHAINED:
Foxx Jokes About Killing 'All The White People' In New Movie... Nelson Mandela 'proven' to be a member of
the Communist Party Telegraph.co.uk For decades, it was one of the enduring disputes of South Africa's
anti-apartheid struggle. { The failed
system of communism. Not surprising that a nigger would lache on to such where
everyone’s ‘equal’; but, for no good reason, other than for party membership
alone some are more equal than others. Well, close enough, but no cigar. After
all, chimpanzees share a 98% identical DNA profile with modern humans; and,
niggers share 99% (hence, that familiar simian look of the nigger.
Interestingly, I must confess that I’ve more recently particularly, developed a
well-founded aversion for and antipathy towards chimps, gorillas, oranguatangs
and monkeys owing to the fact that they remind me of niggers! Niggers are a
drag on civilized society! }
Execution-style
shooting on busy Manhattan street... Man
Dies... 85-Year-Old
Woman Savagely Attacked In Greenwich Village Elevator...
APOCALYPTO:
Panic spreads ahead of Mayan prophecy... The Population Control Agenda
Of The Radical Humanists Who Would Love For You And I To Die http://albertpeia.com/allfornaught.htm [ And such would
be all for naught, in any event. CNN: Your
Behavior Will Be Controlled by a Brain Chip Paul Joseph
Watson | Smart phone will be implanted within 75 years. { 75 years? This
world ain’t got 75 years … decades at best! For those
‘glass-half-full-reality-be-damned’ types, the bright side is that there will
still be that desolate ‘third rock from the sun’; which, like ‘old man river’,
will just keep rollin’ along (around the sun). } ] }
Zimmerman
Sues NBCNEWS... { Truth be told, even
some decades ago, while there to drop off some ‘paper’, I was somewhat shocked
to see that almost an entire nbc corporate floor was almost all niggers! Maybe,
as with the election, they were just afraid the niggers might riot. } Made me into a Racist to Fix Low Ratings... Furor
over WVA high school's mandate that students stand for 'African-American
National Anthem'...
Christie
Meet$ With Obama as Sandy Aid Package Formed...
DETROIT
TO OBAMA: WE (THE NIGGERS AND SELF-LOATHING WHITES ET ALS) VOTED YOU IN, NOW
BAIL US OUT... http://albertpeia.com/lawlesswastelanddetroit.htm
Israel
accuses USA of inciting protests...
Christie
seeks 100% federal government reimbursement for Sandy... NY,
NJ, CT lawmakers seek $83 billion to cover cost of damage...
Nader:
O Worse Than Bush... Nader: War Criminal Obama Worse Than
Bush { I’d call it now a not too surprising tie! }
STUDY:
American Households Hit 43-Year Low In Net Worth...
Debt
Hits $16,306,713,000,000...
CA
City Attorney Tells Residents To 'Lock Their Doors, Load Their Guns' Over
Police Downsizing...
Michigan
Governor Won't Rule Out Dissolving City Of Detroit... Oakland
Crime Rate Soars As City Loses Officers; 33 Burglaries A Day...
NY,
NJ lawmakers seek $80 billion to cover cost of damage...
UPDATE:
Judge approves Twinkie liquidation... { Alas, adieu sweet hostess. As a kid (as an adult as
well but can’t afford those calories and haven’t had them in years), truth be
told, though I liked twinkies with milk, preferably chocolate milk, I
invariably opted for the cream-filled chocolate cake, chocolate iced (with the
squiggle on top) hostess cupcakes; with plain milk, of course. The
‘golden-goose-killers’ strike again! }
Jesse
Jackson Jr. quits Congress... 'Couldn't
stop crying, couldn't give a press conference'...
JOBLESS...
INFLATION... POVERTY... RECESSION...
RADIO
HOST CALLS FOR 'SECOND AMERICAN REVOLUTION'... SECESSION
MOVEMENT EXPLODES...
DENNY'S
to charge 5% 'Obamacare surcharge' and cut employee hours...
Postal
Service Loses Record $15.9 Billion...
Faber:
Prepare for Massive Market Meltdown...
OLIVER
STONE: 'I find Obama scary'...
PETRAEUS
RESIGNS OVER 'AFFAIR'
Was
Slated to Testify on Benghazi Next Week... 'Timing
Is Just Too Perfect'... Lawmakers
Considered Calling For Resignation In October... FBI
SPIED ON CIA DIRECTOR, WOMAN; EMAILS?
Dear
Drudge: Stop the race {reality} stories { No, Drudge…keep the real news
coming…though the chimps are incapable of shame, let others, facilitators all,
feel the blame! }...
Assange:
Obama a 'wolf in sheep's clothing'...
Obama
Administration Shuts Down Oil Drilling Out West... STOCKS
FALL 3% SINCE RE-ELECT...
COMPANIES
PLAN MASSIVE LAYOFFS AS OBAMACARE BECOMES REALITY... Utah
company fires 100, blames Obama... CEO
reads prayer to staff, announces layoffs... Floodgates
open on new health regs...
Clinton
to Step Down 'Days' After Inauguration... HOLDER
EYES EXIT...
Obama
Administration Shuts Down Oil Drilling Out West... STOCKS
FALL 3% SINCE RE-ELECT...
RECORD
70.4 Million Enrolled in Medicaid: 1 Out of 5 Americans...
NYC
rations gasoline; expected to last weeks... Man
waits 30 hours for gas... Liquor
drought... Prison
For Displaced Victims? Power
Loss Tests Limits... 11
days after Sandy... 'Ready
to snap'... Nightmare
in shelters...
RON
PAUL: Election shows U.S. 'far gone'...
UPDATE:
Man Beaten During Giants World Series Victory Celebration Dies...
Obama
weeps again...
Record
snow adds to woes in Sandy-struck region... FEMA
office on Staten Island closed 'due to weather'... Despair
deepens... TAX
HIT THREATENS VICTIMS... Looting
Reaches Epidemic Levels... Gas
Crisis Could Last Weeks...
WALL
STREET ALARM... Stocks
'cringe'... 'SUGAR
HIGH' ENDS...
LIMBAUGH:
'I went to bed last night thinking we lost the country'... HANNITY:
'Allure And Appeal Of Socialism Has Taken Hold'... LEVIN:
'Unvarnished Truth' On Romney Loss... SAVAGE:
'Our society is being turned into prison camp'...
California
Votes for Higher Taxes...
OBAMA
WINS 39% OF (SELF-DESTRUCTIVE, SELF-LOATHING) WHITES...
ANTI-OBAMA
PROTESTS ESCALATE AT UNIVERSITY
Athens
Erupts in Riots During Key Austerity Vote...
Election
Judge Wears Obama Cap While Checking in Voters in Chicago Ward...
Obama
Mural in Philadelphia Polling Place... UPDATE:
Judge orders mural to be covered... Obama
Poster Hanging in Florida Polling Station...
Black
Panthers Return to Philly Polling Site... VIDEO... GOP poll inspectors being forcibly removed -- replaced by
Democrats... Judge
issues order to reinstate... CHAOS...
FINAL
RASMUSSEN: R 49% O 48%... FINAL
BATTLEGROUND: O 47% R 47%... Goeas:
Romney 50.3%, Obama 48.8%... R
40,454,933 O 39,423,072* FOUR
MORE TEARS
BIDEN:
'I'm Going To Go Back Home, Run For County Council Or Something'... Who
Wants A President Who Will Lie To You? Asks -- BILL CLINTON?
Rep.
Jesse Jackson Jr. wins reelection -- from Mayo Clinic!
GALLUP SHOCK: 'REPUBLICAN' BEATS OBAMA BY 8% GALLUP: APPROVE DOWN TO 38%... Highest Negative Rating Ever... DOJ raids guitar factory... UPDATE: GIBSON GUITAR CEO slams raids as
'overreach'... http://albertpeia.com/ fbimartinezcongallard.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
, I find this somewhat incredulous in
terms of priorities!] JOBS: ZERO... BROKE: POST OFFICE SYSTEM MAY SHUT DOWN ENTIRELY THIS
WINTER... AMERICA FALLS TO 5TH PLACE... 46.2 million Americans are now poor... 22% of children in poverty... Dramatic drop in median income... Likely to worsen... POVERTY SOARS SETS NEW RECORD POLL: OBAMA 41% ANY REPUBLICAN 47%... RE-ELECT: 41%... 'AIMLESS OBAMA WALKS ALONE'... 'Loner'... AP: Disconnected from reality... STUDY: USA not in top 10 for starting a business... NEW DOWNGRADE THREAT NUMBER OF 'NEAR POOR' STARTLES CENSUS... MSNBC Matthews Turns On Obama... 'I Hear Stories That You Would Not
Believe'... COMPANY SHOCK: 'WE'RE NOT HIRING UNTIL OBAMA GONE' OBAMA LOSES SUPPORT FROM BLUE COLLAR DEMS... RUSSIAN ANCHORWOMAN FLIPS OBAMA THE BIRD... FITCH TURNS NEGATIVE ON US Obama's Job Approval Drops Below Carter's... S&P Downgrades Dozens Of Global Banks... REPORT: Hank Paulson passed inside information to
fund managers... 'OBAMA IS A CORPORATE PUPPET'... Support for Obamacare hits new low... RE-ELECT AT 43% GALLUP SWING: OBAMA BACK DOWN TO 41% APPROVE, 50%
DIS... USA Closes 2011 With Record $15.22 Trillion In Debt,
Officially At 100.3% Debt/GDP... Levin: Obama's Comment 'Forthright Statement Of A
Dictator'... RUBIO TO OBAMA: YOU'RE TURNING AMERICA INTO 'DEADBEAT
NATION'... GROUP PLANS TO FLY 'IMPEACH OBAMA' BANNER OVER SUPER
BOWL... RON PAUL SAVAGES SANTORUM AS 'CORRUPT'... WAR DRUMS: Iran, Israel and US plan Gulf exercises... Diamond Prices 'To Jump 20%', Outperform Gold... RUBIO SENDS WARNING LETTER TO OBAMA: DEBT SOON 'WELL
ABOVE $16 TRILLION'... DEVELOPING...
GALLUP:
R 50% O 49%... RASMUSSEN:
R 49% O 48%...
NOONAN:
IT'S ROMNEY... Fred
Barnes: Why Romney Will Win... Romney
winning independents 59%-35%...
Romney
internal polls put him UP in OH, TIED in PA and WI...
'Thousands of ballots' unlikely to reach military voters in time...
GENERATION
DEBT: Every American Under 18 Now Owes $218,676... 'Per
Person Debt Now 35 Percent Higher than that of Greece'... NY DAILY NEWS ENDORSES --
ROMNEY?
21
NEWSPAPERS SWITCH TO ROMNEY... NY
DAILY NEWS: 'Hopes went unfulfilled'...
FL:
R 52% O 47%... MI:
R 47% O 46%... VA:
R 50% O 48%... OH:
O 49% R 49%...
Fearing
Romney victory, EPA plans post election anti-coal regulation...
CBS
releases even more
unseen footage from Obama interview after Benghazi attack...
Obama,
not-so-happy warrior...
Red-state
Dems fight Obama drag...
Obama
favored in his ancestral Kenyan village...
Romney
draws huge crowd in PA... 500
retired generals, admirals announce support... Obama
Ignores Question About Storm Victims' Frustrations... Fear
of the Dark... Con
Edison Distributing Dry Ice... FEMA
Out Of Water, No Delivery Until Monday... FREE
FUEL FOR EVERYONE! 2-mile
line on Staten Island... CONFUSION: Gov't tells public to stay away until first responders
fuel up... Residents
arm up: Bats, machetes, shotguns... 'It's
Like The Wild West'... 'Anarchy
in Queens'... ODD-EVEN:
NJ counties enact Carter-style gas rationing... DICK
MORRIS: Obama Hit By Storm Backlash...
MOTHER
OF SEAL: 'I BELIEVE OBAMA MURDERED MY SON'... Security officials on the ground in Libya challenge CIA account... REPORT:
U.S. considered moving Benghazi consulate month before deadly attack... Papers
blast president's response... RUDY
CALLS ON BARRY TO RESIGN!
FL:
R 51% O 45%...
NYT:
PA 'tilting toward Romney'... MI: R 47% O 46%... Candy Crowley: 'President
Romney'...
PA POLL JOLT: O 47% R 47%
Bill Maher to Romney Supporters: 'Black People Like Vanilla Fudge
Nut maher Know Who You Are and They Will Come After You'... REPORT:
Obama supporters step up riot threats... Black
pastor receives death threats after reversing support... Black
Americans still back Obama despite steep plunge in their economic fortunes... SHOCK
POLL: Minnesota a toss-up...
REPORT:
NAACP Takes Over Houston Polling Station, Advocates for O {and are acting like
the uncivilized, lawless niggers they are!}...
Service
members purged from voter rolls in Florida...
30,000
turn out in Ohio for Romney... Obama
plays for just 2,800... CLEVELAND
2008: 80,000; CLEVELAND 2012: 4,000... Just
200 show up for event with Stevie Wonder!
ABCWASHPOST:
R 49% O 48%... RASMUSSEN:
O 48% R 48%...
Campaign 2012 BARONE
CALLS RACE FOR... Barone: Going out on a limb: Romney beats Obama, handily November 2,
2012 | 4:58 pm
'Let's
Win This Motherfu**er!': White House Official Delivers Shock Speech... ROMNEY
HEADS TO PA!
POLL:
63% Want Obama 2nd Term -- in China...
OCTOBER
UNEMPLOYMENT UP: 7.9%... RATE
HIGHER THAN WHEN OBAMA TOOK OFFICE... Promised
5.2% rate by Oct 2012... President
Faces Voters With Highest Unemployment Of Any Incumbent Since FDR... ROMNEY:
'Sad reminder economy at virtual standstill'... Incomes
Continue to Decline... Long-Term
Rate Rises to 40.6%... Blacks
to 14.3%... Food
Stamp Growth 75X Greater than Job Creation...
BIDEN:
'There's Never Been A Day In The Last Four Years I've Been Proud To Be His Vice
President'...
Joe
Biden: 'I'm Going To Take A Vacation'...
Entire
Minneapolis Police Force Gets Death Threat After Gang Member Shot Dead...
Drivers
Waiting 6 Hours For Gas in NYC... Tempers
Rise in Wake of Storm... 'Finding
bodies left and right'... Restaurant,
hotel prices skyrocket... CHUCK
SCHUMER CONFRONTED: 'We Are Gonna Die!' CRAIGSLIST:
$15 a gallon... Utility
workers pelted with eggs... Misery... 'We
have nothing'... Residents
Furious RED CROSS Offering Cookies & Hot Chocolate, Not Blankets Or
Clothes... Jet
Fuel Supply Fast Becoming Concern At Airports... Staten
Islanders Plead for Help: 'We Need Food'... 'Please
don't leave us'... VIDEO:
Stranded New Yorkers Defecating in Apartment Buildings... DIRE... NJ counties enact 70s style gas rationing... Developing...
ABCWASHPOST:O48%R48%...
Republican National Committee alleges voting machine troubles in
Nevada, other swing states...
Gas
Shortages May Not End for Another Week... Fear
Turns to Frustration, Anger... Fistfights,
Guns Drawn... 'You're
not getting gas tonight'... Lines
grow... Some
Siphoning From Cars! 'I'm
pretty pissed'... Troopers
deployed to gas stations... Stars
throw extravagant Halloween party despite destruction... Commuter
Delays Rage... NYC
Official: Red Cross 'Absolute Disgrace'... Looters
Dress Like Con Edison Workers to Gain Access to Houses... Staten Islanders Plead for Help: 'We Need Food'...
OBAMA
LEFT THEM BEHIND: HUNGRY DUMPSTER DIVING IN NYC
BLOOMBERG
PLAYS POLITICS WITH SANDY; ENDORSES O AS 'CLIMATE CHANGE' LEADER... State
Dept never called for military back up... BUCHANAN:
Hillary's head should roll...
New ADP
Count Slashes Job Creation for September...
NY state asks feds to cover all $6 billion in storm costs... Tempers
flare in NJ city where thousands stranded...
DAILY CALLER: Women claim Sen. Bob Menendez [D-NJ] paid for sex in
Dominican Republic... VIDEO... 'We're not going to respond'... FLASHBACK:
Senator Called for Secret Service Agents to be fired over prostitution
scandal...
Republican National Committee alleges voting machine troubles in
Nevada, other swing states... James
Baker: 'Not Entirely Unlikely That We Might Have A Recount'...
DICK
MORRIS: Here comes the landslide... Romney
Campaign: The Fundamentals Favor Us... Rove:
Sifting the Numbers for a Winner...
Denver
Dem Mayor Goes To Wisconsin And Says Obama Getting Beat In Early Voting...
New
ADP Count Slashes Job Creation for September... OHIO:
MORE VOTING PROBLEMS AS BALLOT CAST FOR ROMNEY COMES UP OBAMA...
Congress
steps up demands for info on Benghazi attack... White
House dodges... FACEBOOK
Censors Navy SEALS to Protect President... 'The
mysterious media Benghazi bugout'... Hannity
on WH Audio Tapes: 'I've Heard They Are Damning'... WASHPOST:
'LINGERING QUESTIONS'... LENO:
'Don't ask, don't tell is back ... Obama's new policy for questions about
Libya'...
REPUBLICANS
HAVE WON EVERY NOV 6TH PRESIDENTIAL ELECTION SINCE 1860...
Dianne Feinstein: No need to debate Republican opponent... http://albertpeia.com/selfdefense.htm [ One
thing is certain from my own direct experience { The
unfortunate reality is what I’ve alluded to in the context of my own direct
experience; viz., america’s ‘legal system’ is an illegal system used to
cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and
essentially run by the inmates of this collective criminal entity called
america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm } ; despite
enormous amounts of taxpayer money poured into the ‘federal system’, there’s
relatively/proportionately very little real significant results (an example
would be the brutalizing of Martha Stewart over a $45 thousand transaction
while wall street frauds in the trillions by the biggest players have gone
unprosecuted). I believe reasonable diligence requires self-reliance more than
ever before in this nation’s history; particularly when political correctness
in some states prevents calling a spade a spade to the substantial detriment of
law enforcement! ]
The Keynesian (economic)
approach, if ever a wise prescription for ‘economic doldrums’, euphemistically
speaking (there are articles/studies/data that dispute the purported
effectiveness of the widely hailed ‘Keynesian remedy’ during the prior great
depression), the ‘Keynesian way’ is certainly no longer a prudent approach
today in light of the insurmountable debt levels of nations worldwide and in
america particularly along with the concomitant over-printed, debased ‘paper currencies’
to finance same. Quite simply, there simply is not enough real value being
created for redistribution, a situation exacerbated by the parasitic lightening
fast, computerized churn and earn high frequency trading programs on fraudulent
wall street (they should be prosecuted, jailed, fined, and disgorgement imposed
for extant frauds in the trillions now marked to anything as per misguided
legislated FASB rule change). [ America’s
debt woe is worse than Greece’s News (CNN) — ‘Our government is
utterly broke …The government’s total indebtedness is $211 trillion ’. 43,454,601,693,238 Reasons Why
The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17, 2011 http://www.economist.com/content/global_debt_clock ] .This is the consequence of a structural shift
fed by greed and misguided policy and cannot be undone (transfer of productive
capacity to ie., China, etc., ‘the bell cannot be unrung’). That said which
militates against such an extension, this is an election year which
probabilities suggest makes highly likely the passage of the extension. I favor
your co-sponsored legislation and before the holidays simply in the name and
spirit of Christmas and for no other reason whatsoever. Below is a recent
comment to Opinion Writer Krauthammer’s ‘more war spending (Keynesian)
position’ and an article regarding the folly of same. Immediately following is
from my prior post to you concerning something of such manageable proportion
and well within the government’s ability to resolve (if the government can’t
accomplish this consistent with law and long overdue, then there isn’t anything
the government can accomplish), along with other comments to you for ease of
reference:
‘…As previously noted in a
prior message to you, I had previously spoken to FBI Agent Bill Lewis in
Washington who was recently promoted to the FBI Headquarters Office (D.C.) from
the FBI office here in LA, and who was to be out of the office for the two
weeks past. I’ll be contacting him given a reasonable time for him to ‘catch
up’, from being out of the office. While independent contractor richard coan is
ultimately the one to bear the burden of damages (there’s insurance and a
surety covering same), coan might allude to the prior default of the u.s.
government (assist. u.s. atty. robert i. lester miscounted / miscalculated the
time for filing an answer / response to the complaint upon service thereof,
also misstating the rule in open court before corrupt judge matz who
‘schmoozed’ things over (they both have the same employer), however incorrectly
according to the ‘law’. I ordered / bought a copy of the transcript of that
rather pathetic proceeding (posted in part on my website). In any event,
regardless who pays me, the amounts so paid would ultimately be recovered from
coan, his insurer/surety which amounts might even exceed the amount I’m willing
to settle at. [There is also a judgment (referenced in the correspondence to
FBI ADIC Martinez infra) that had been entered in my favor in the case, United
States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth
approximately now in excess of $300,000 remains unaccounted for and which would
benefit Los Angeles, etc.; and then, of course as well, the substantial
damages. ] I’ve waited far too long for this matter to resolve, what should
have been resolved in accordance with clear law long ago; and, which would have
been resolved if not for typical u.s. corruption in the process; and, which is
well within the government’s ability to resolve. In my world and way of
thinking, results do count! I’ve included prior correspondence for ease of
reference…’
Sincerely,
Albert L. Peia
America also
leads in the illegal drug trade. In fact, many researchers reveal that
the war on drugs is only utilized to control and monopolize the illicit
drug trade. The US government has been caught multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now openly protects and transports opium from Afghanistan [ http://www.youtube.com/watch?v=ElEciFI0Pew ] . In fact, Global Research points out that in 2001, “according to UN
figures, opium production had fallen to 185 tons. Immediately following the
October 2001 US led invasion, production increased dramatically, regaining its
historical levels.” This month, the U.N. announced that Afghanistan now provides 93% of the
world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons. Although the
empire tries to keep it secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm
Drug war hypocrisy: drug
trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is
centers on the amount of drug trafficking that benefits the CIA and
international banking system. Natural News February 1,
2012 [ [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the
amount of drug trafficking that benefits the CIA and international banking
system. The son of a convicted notorious mobster, John Gotti Jr, when asked in
court if the family still dealt drugs cracked, “No, we can’t compete with the
government.”
, Guest Post: The West Has Just
Become A Giant Banana Republic
ZeroHedge.com by Tyler Durden { Yeah! This really is too true for words!
It’s been my direct experience for quite some time now and is quite a pathetic
scenario! } Legal precedent means nothing. Rule of law means nothing.
Free speech means nothing. Their own treaties mean nothing. It’s
unbelievable. Anyone in the west who honestly thinks he’s still living in
a free society is either a fool or completely out of touch. If that seems
too radical an idea, consider that ECUADOR is now the only nation which
stands to defend freedom and human rights against an assault from the
United States, the United Kingdom, and their spineless allies. The west
has just become a giant banana republic. Have you hit your breaking point
yet? If not now… when? { { I’m really
constrained to interject my own direct experience with the FBI here; and, I
must say I do so lamentably. If you want no real results vis-ŕ-vis organized
crime which now extends to the upper reaches, highest levels of the corrupt
u.s. government, go to the FBI. I discounted the new jersey FBI as just typical
corrupt, mob infested jersey which thinks in terms of discos/casinos. But,
truth be told, they never ask the ‘tough’ questions of the biggest criminals;
ie., the biggest wall street frauds, cia connected illegal ‘drug ops’
(ops…riiiiight), federal judges ie., trump barry, shiff, alito, etc.; but, they
did go after Martha Stewart in a very big way over a $45,000 transaction. Wow!
You can’t make this stuff up. I also don’t believe their (understated) crime
stats for even a second. I’m beginning to feel foolish for having even put my
full faith and trust in them, much less the ‘federal (judicial) system’ who
share the ‘same employer’; and, despite my antipathy for the mob, probably
would have fared ‘more fairly’ with the mobsters directly who seem to have at
least some sense of the magnitude of the fraud involved and the pervasive
corruption of the system and government and maybe a semblance of honor in this
nation of protracted decline. It never would have occurred to me back when for
me, such a choice/decision was clear-cut and simple. Such a course as mine I no
longer could recommend inasmuch as there is little difference between
state/government sponsored crime/corruption and that perpetrated by other
criminal elements, from my direct experience with both, infra: Debauchery: An American
specialty In the land of Lindsay Lohan and Snooki, some federal
workers reflect our culture all too well. (Washington Post) [ Lindsay Lohan?
Come on Mr. Milbank, hands off the low hanging fruit. She’s totally harmless.
Jersey ‘italian’ snooki? In mob infested new jersey, who knows (one of the
properties in my proceedings for which surplus funds are unaccounted for was a
top floor balconied 2 bedroom 1 and 1/2 bath condominium (beach/boardwalk front
w/indoor pool/sauna) in seaside heights, n.j. –10-31-12 Post Sandy: I’m
wondering if it’s still there. ). But debauchery an american specialty? Another
rare instance wherein I agree with Mr. Milbank completely. 25 Signs That America Is A
Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics
held close to vest EXCLUSIVE | Documents and interviews show FBI and
Justice Department officials took steps to control information uncovered by a
task force designed to examine cases involving discredited agents. Many
defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington
Post) [ Well, I really have to say this. I’m awaiting word from the FBI as to
resolution, one way or the other, concerning the RICO matters which have been
systematically and corruptly covered up by the government (executive,
legislative, and judicial branches of the pervasively corrupt, defacto bankrupt
u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . Never in my
wildest dreams would I have believed the level and extent of corruption and
criminality within the ranks of the u.s. government before embarking upon this
costly quest for justice and simple fairness consistent with clear law (infra,
regarding the u.s. government’s direct involvement in the illegal drug trade).
In this civil RICO matter, there are no innocent bystanders; but rather,
perpetrators, accomplices, and co-conspirators. When the fbi agent initially
assigned to this matter (Connecticut) abruptly resigned/retired shortly after a
conversation, though not central to my case, wherein I had said that rudy
giuliani’s father had been an (convicted) enforcer for the mob (served 12
years? in prison, aggravated assault/manslaughter?) and then sent him
documentation owing to his disbelief. Though ultimately ineffectual vis-ŕ-vis
my case, he was a likeable guy for whom I had and still have regard. I then
spoke with FBI Agent Jeff Rasey upon the aforesaid agent’s departure who
somewhat plaintively (‘my call being a burden’) told me that ‘he was a Ford,
and I was a Ferrari’, which he didn’t explain further. Could anyone tell me
what that means? Initially, at new jersey’s FBI office, I was ‘greeted’ by an
FBI Agent who sarcastically asked me whether I was ‘going to the disco that
night’ (the documents including sworn statements delivered to then u.s.
attorney sam alito’s office in the same building disappeared twice along with
the initial assistant u.s. attorney Jonathan Lacey with whom I had reviewed the
documentary evidence, documents and their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf .
We all can infer sam alito’s reward / quid pro quo for his cover-up by his
current position on the u.s. supreme court. There was never a
question as to maryanne trump barry’s interest in corrupting the judicial
process as related to her brother’s (trump) casinos. Jersey city boy louis
freeh, labeled by former Prosecutor Larry Klayman as the most corrupt FBI
director ever (see infra, mueller seems no different, and certainly holder’s impeachable
actions and corrupt behavior/cover-ups fit the mold, ie., fast and furious,
race bias favoring blacks, etc.) apparently covered up the RICO violations as
sent to him, and, with italian citizenship and lucrative insider deals fits the
bill. The FBI Agent Jeff Hayes of the Long Beach Office with whom I reviewed
the RICO documents and confirmed same as indicative of (drug) money laundering
was transferred shortly after meeting with him, as has been so of FBI Agent
Bill Lewis (promoted to Washington FBI headquarters) with whom I discussed the
RICO matter and case disks/dvd’s sent to the LA FBI office (they printed the
documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here in Los
Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to believe
it based on my own experience and reasonable inference. I’m currently being
‘stonewalled’ by the LA FBI office since the departure of FBI Agent Bill Lewis.
New
Yorkers in fuel scramble as storm-hit pumps dry up... Sewage,
Bacteria, Gasoline Found in Floodwater... Phone
addicts suffer withdrawal... Looters
target Coney Island...
Feds
to hit borrowing ceiling at year-end...
GALLUP: ROMNEY UP 52%-45% AMONG EARLY VOTERS...
REPORT:
GOP voting tsunami coming...
POLL:
Obama dominates Romney -- in Russia...
Romney
suddenly plunging onto Democratic turf... MSNBC
Ridicules Romney for Collecting Food, Supplies for Sandy Victims...
FACEBOOK
Censors Navy SEALS to Protect Obama on Benghazi...
Michael
Moore/MoveOn.org: We will burn this motherf*cker down and c*ck-punch Romney...
THE
MORNING AFTER PHOTOS:
SHOCK AND AWE...
DEATH
TOLL CLIMBS ABOVE 45... Northeast
airports, transit systems slowly start moving again... Crippled
NYC subways could hamper recovery...
ELECTION
PROJECTION: R 52% O 47%... GALLUP
MONDAY: R 51% O 46%... OH:
R 50% O 48%...
MN: O 47% R 44%... GALLUP: Obama's Job Approval
Drops 7 Points in 3 Days... Adopts tone of challenger... DES MOINES REGISTER Endorses
Romney... OLIVER
STONE RIPS PREZ: 'Took bad situation, made it worse'...
CHICAGOLAND:
435th Homicide Matches Total For All Of 2011...
Romney
hits auto bailout as CHRYSLER moves Jeep production to China... OBAMA:
'Hurts my feelings the most'... Report:
FIAT now says Jeep may move to Italy...
Vandal Keys 'Obama' Into
Cars Of Residents Supporting Romney... Large Amounts Of Nails
Dumped In Parking Lot At Tea Party Rally... Church sign defaced...
Madonna booed after touting
Obama during Concert...
REPORT: Obama camapign takes money from 'Osama bin Laden'...
Water
Level at Battery Park Reaches 11.25 feet, Surpassing Record Set in 1821...
Gangs
Plan Hurricane Looting Spree Via TWITTER... CT
Gov. Closes All State Highways: 'Most Catastrophic Event We Have Faced In Any
Of Our Lifetimes'... 'People
Are Going To Be Fighting In The Streets Over Gasoline, Food'... NATIONAL
GUARD DEPLOYED... UPDATE:
9,000 Flights Cancelled... ANOTHER
BLOW DAY: Federal offices in DC shut down again...
Absentee
ballots sent to U.S. military serving in Afghanistan 'destroyed in crash'... Romney
seizes on sluggish growth figures... Burning
through O's 'firewall'... Desperation?
White House Considering New Tax Cut... R
51% O 46%... R
50% O 47%... R
49% O 48%... Bust
of Barack Obama's head -- made of butter! -- tours the streets of Chicago... REPORT: Vanloads of Somalians driven to the polls in Ohio... Is voter fraud being committed in Ohio? .. According to
the Somali Community Association of Ohio’s web site, over 45,000 Somalis live
in Ohio. Only 40 percent have become citizens of the United States, and only 25
percent speak English well enough to get a job..’ …Yes, they are typical dumb niggers for wobama! }
KRISTOL:
Petraeus Throws President Under Bus...
Senators
demand White House declassify Libya video... CIA
OPS 'DENIED HELP' THREE TIMES
DURING BENGHAZI... Father
of Slain SEAL: Who Made the Decision Not to Save My Son?
OBAMA
DODGES DURING LOCAL TV INTERVIEW...
In
Iowa, disappointment with Obama runs deep...
Iconic
NY Steakhouse 'Gallagher's,' Which Survived Great Depression, Is Closing...
Taxpayer-funded
'green' company investigated for fraud... AUDIT:
Green jobs stimulus program had 16 percent success rate... Over
$60,000 in Welfare Spent Per Household in Poverty...
Historical
treasures missing from National Archives...
Romney
signs, American flags torched in veteran's yard... R
50% O 47%... R
50% O 47%... R
50% O 47%...
MI:
O 47% R 47%... DETROIT
NEWS endorses Romney...
Wisconsin
company announces layoffs ahead of Biden arrival...
October
Sets New Record For Disability Claims: 8,803,335 Collecting Benefits...
SHOWDOWN!
TEXAS VOWS TO ARREST UN ELECTION 'OBSERVERS' { Yeah, the u.n. has the stand-in role
for the wobama/holder-protected black panthers as pro-o intimidators.} ...
Father
Of Slain SEAL: Obama 'Could Not Look Me In The Eye...Like Shaking Hands With
Dead Fish'...
Video
snags Dem boss in vote fraud... Son
resigns...
'HE'S
A BULLSHITTER'... { Yes, obama is an
incorrigible b***s***ter! He’s gotten by on b***s*** and special nigger consideration
his entire life. He is a total embarrassment! } ‘Four years after he was
elected as a self-described 'hopemonger' promising a new post-partisan era,
President Barack Obama is trying to claw his way to re-election with an ugly,
divisive campaign in which he is playing the role of fearmonger-in-chief… ’ { He’s a
desperate, failed megalomaniac who is also a pathological liar along with other
mental issues/troubles ( WH:
'We Decline to Comment' on When President Learned of E-Mails... Obama's
Lucky Charms: A Hindu God In His Pocket, A Masonic Emblem, And A Ring That Says
"There Is No God Except Allah"
http://albertpeia.com/ohowweird.htm Why do our politicians have to be so
weird? { Why? Because in, ie., O’s case, he is weird. Homo/hetero,
Muslim/Hindu/Christian, for Wall Street/against Wall Street, prosecute/no
prosecute, war/no war, say one thing/do another, truth/no truth, etc.. wobama’s
gotten’ by on b***s*** and ‘special consideration’ alone, never having done
anything of substance in his entire life. Indeed, even his so-called
‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced
fantasies which reveal a psychogenic/dissociative amnesia that works well in
the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign
trail’ littered with the cowpies of stark reality. People owe themselves and their
children more than this grifter’s con which in numbers measures more than the
increased deficits of all the presidents since President General Eisenhower
combined to obfuscate his unequivocal failure. Drudgereport: UPDATE:
Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall!
This from the record holder for fundraisers, 151 and counting. Then there’s the
100 plus rounds of golf in addition to being famously over-vacationed while in
office. Did wobama expect that these things would in choom fashion magically
come to fruition while he was ‘workin on his tan’, golf swing, or shootin’
hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm
The point is that you don’t have to love
Romney but you at least have to like yourself in saying ‘NO!’ to more wobama
b***s*** which is all that he is. Have some self-respect. His grade is
unequivocally ‘F’ for failure, having failed to do as promised which
coincidentally is a direct cause among others of this debacle called america’s
dark obama years. All the talk/b***s*** cannot change that reality. } http://albertpeia.com/10waysobamakillingjobsinamerica.htm Wobama’s Choom Gang
Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Friday
Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End
Of My First Term In Office"
ZeroHedge.com Tyler Durden { Wobama the b
for b***s*** speaks … on the prior pre-election campaign trail ( The
Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm }
Did the final presidential debate do
anything to influence who you will support in ... NBCNews.com { The following
comment is correct. The other aspect is that people are seemingly pathetically
ignoring that O’s last 4 years have been an abject, utter failure in
spectacularly unprecedented fashion. A sad commentary on the state of the
nation when such blatantly clear reality is ignored by so many, including those
who should know better.} ‘ Obama has told no truth in 4 years. He can't wave his hand and ignore
sequestration. We need a leader not a liar. Romney is our only choice.’ O
Booed at university's Military Appreciation Day football game... RASMUSSEN:
R 50% O 46%... GALLUP:
R 51% O 46%... R
50% O 46%... R
50% O 47%... R
49% O 48%... R
47% O 46%... OHIO:
R 48% O 48%... MI:
O 47% R 47%... Fmr
Dem Chair: CO 'Worst Swing State'... Romney,
Ryan draw massive crowds in Colorado... GOP
moves into Wisconsin... Emails detail unfolding Benghazi attack on September 11th... 6:07 PM 9/11/12: 'Ansar al-Sharia Claims Responsibility'...
HE
KNEW
Obama
challenges press to find flip-flops -- and
they do... Woodward:
President 'mistaken' on sequester...
Clint:
'Second Term Would be Rerun of First'...
Chicago
Store Owner Labeled Racist For Anti-Obama Signs... Police:
Black Woman Lied About KKK Setting Her On Fire...
Obama
Has Massive Lead -- in Other Countries... TRUMP
TO OBAMA: Release college, passport applications, I'll donate $5 million to
charity of choice... Goes
bust on TWITTER... ALLRED
MET OBAMA TWO WEEKS BEFORE 'OCTOBER SURPRISE' ALLRED
HITS DEAD-END IN ROMNEY DIRT DIG? 2ND
HEARING SET...
SURPRISE:
Feds sue BANK OF AMERICA...
RASMUSSEN:
R 50% O 46%... GALLUP:
R 51% O 46%... POLLS:
ROMNEY TAKES LEAD IN FAVORABILITY...
VIDEO:
Romney Wins CBS Focus Group In Ohio...
With
two weeks to go (feet to the fire), president releases second-term plan (Sounds
like a … non-plan; after all, what has wobama ever said/promised in a campaign that’s
come to fruition … right!… 0 as in zero as in O..bama) ...
STOCKS
ROCKED: DOW -200... Obama
Supporters Continue Threats To Riot, Assassinate Romney... Tweets Reveal Obama Supporters Fueled by ‘Racial Hatred’ Paul Joseph Watson | Chris Matthews gets it
wrong again. (Indeed he does!) }MSNBC
crowd boos 9-year-old girl for supporting Romney... Son
Of WI State Senator Attacked Protecting Romney/Ryan Sign... ... 5-year-old
girl raised by monkeys... President
'insulted, patronized, mocked' his opponent... What can wobama
say? He has but a record of abject failure to run on! And, the record IS
unequivocally utter failure! All the choom fantasy, fellow nigger intimidation
and threats will not change that fact! ]
GALLUP
MONDAY: R 51% O 45%...
GALLUP: R 52% 0 45%...
CO:
R 50% O 46%...
Image
of Romney crops up in Iowa farm field...
Chavez, Castro, Putin (
among others in the ‘pro-america’ block ) endorse Obama...
ISSA
TURNS UP HEAT ON SEBELIUS...
FABER:
Cut US Govt. By 50% Now!
PAPER:
Obama's Blind Eye to Illegal Donors...
Taxes
go up in 2013 for 163 million workers...
Man
busted for throwing pennies into Dem HQ; 'All he has left after being taxed by
Obama'... SIMON:
Should Obama Resign Tonight? International (pro-obama) monitors to watch US elections... Obama
Campaign Borrows $15M from Bank of America... Gov't
Foreign Debt Now $47,495 Per Household... $10,090/Household Owed to China... Mass
Shooting At Brookfield Square Mall In Wisconsin Submitted by Tyler Durden on 10/21/2012 Breaking news
of a mass shooting at the Azana
Salon and Spa at the Brookfield Square Mall. Details still scarce but
at least 4 people reported wounded and 3 more patients expected, emergency
responders are on the ground, and the mall has been put on lockdown. The
shooting suspect, who is said to have used a machine gun, is still at large.
Updates via @USEmergAlerts : BROOKFIELD SQUARE | U/D SUSP BLACK MALE 6'1" 270
LBS. BALD. BROWN EYES U/D BPD
RQST A MILWAUKEE SWAT TEAM & FLIGHT FOR LIFE IS ALSO LANDING AT THE NE
CORNER OF BROOKFIELD SQUARE | UEA555 }
Son
Of WI State Senator Attacked Protecting Romney/Ryan Sign... ...
REALCLEAR
MAP: Romney takes first lead in electoral college... Closing
26-point gap, Romney's favorability rating tops Obama's for first time... PA
SHOCK POLL: R 49% O 45%... VA:
R 50% O 47%... FL:
R 51% O 46%... GALLUP:
R 51% O 45% (10-19-12)...
Lifetime
Democrat Lee Iacocca Endorses Romney...
Jesse
Jackson Jr. may return to Mayo Clinic... Off
campaign trail since June, checks still paid to wife's consulting firm... Has
spent $110,000 since Rep dropped off...
CHICAGOLAND:
Pack of Teen Girls Arrested For Armed Robbery...
GALLUP:
R 52% O 45%...
PA
SHOCK POLL: R 49% O 45%...
WELFARE
SOARS 32% IN 4 YEARS... Now
costs $1,030,000,000,000... Jobless
claims rise most in 4 months... Obama DOES Have Investments In Cayman Islands Trust... ... and has a bigger pension than Romney! Under
president, for every $7 brought in by gov't, $11 spent... REALCLEAR
MAP: Romney takes first lead in electoral college...
{ Any state that President Romney
doesn’t carry is going to suffer! }
NC:
R 52% O 46%...
OH:
O 49% R 48%... MI:
O 44% R 41%... WI:
R 49% O 48%... R closes 11-point gap in just two weeks... O
Brags About His Appeal Among Toddlers (sure…them among other young people who
don’t understand how big a failure 0 is and how substantially he’s screwed them
and the nation for years to come!)...
OBAMA
ON COMEDY CENTRAL: 'WHEN FOUR AMERICANS GET KILLED, IT'S NOT OPTIMAL'
Violent
crime jumps 18%, first rise in nearly 20 years...
GALLUP:
R 51% O 45%
DICK
MORRIS: Romney won the second debate... Threats
to Assassinate Republican Romney Explode on TWITTER After Debate...
REPORT:
White House contradicts president's statement on Benghazi terror attack...
Despite
Pledge of Open Government, Obama Prosecuting Whistle-Blowers as Spies...
'When
I Was President'... {
Indeed, past tense for O and more than a Freudian slip as he heralds in new
President Romney, writing on the wall though noit his teleprompter!CAUGHT
ON TAPE: Michelle O Broke Rules, Clapped During Debate... 'On
Nov. 7, We're Going to Party Hard'...
U of
Colorado Study: 77% likelihood Romney wins popular vote...
Record
High Enrollment for Food Stamps: 46,681,833...
FOURNIER:
Verdict Uncertain... TREAT:
Candy gives Obama 9% more time... TRICK:
Candy 'Throws the Flag'... CANDYLAND:
Romney was 'right in the main' on Benghazi, but 'picked the wrong word'... Another
debacle for America's media... Reporters
applaud Obama's slam on Romney's wealth... Pelley:
'Most Rancorous Debate In History'... 'Nauesating'...
Reporters
Get Drunk at Debate... LUNTZ
GROUP: BIG SWING...
A Frank Luntz focus group made up mostly of former Obama
voters say they now support Mitt Romney.
Farrakhan's
Fiery New Warning to USA: 'Every Plague Written in Koran is Going to Come to
Pass'...
Yes, they are the other, more nefarious black plague! }
Violent
crime rises sharply... 6:53PM EDT
October 17. 2012 - WASHINGTON — The violent crime rate went up 17% last
year, ending a general decline in violence that began nearly 20 years ago,
according to a new federal survey of crime victims.The Justice Department's
National Crime Victimization Survey also found an 11% increase in the rate of
property crimes, including household burglaries and car theft.’ { Come on!
Perenially understated, these understated crime numbers don’t even take into
account ‘protected/unprosecuted’ wall street frauds/crimes in the trillions.
And, how about those fed paper bucks that ‘fell off the fed trucks’ even just
recently; kind of like those 360 tons of $100 bills ($12 billion) flown into
Iraq that just ‘disappeared into thin air, etc.. }
Driver
Doesn't Stop For 8 Blocks As Men ( two niggers ) Viciously Beat Woman On Public
Bus...
Greece
faces anti-austerity shutdown as EU meets... 'In
depression'...
GALLUP: R 50% O 46%
Ross
Perot endorses Romney...
GALLUP:
WOMEN TURNING AWAY (from MO O)... 'Stunning
He's ( obama) in Politics, Because He
Really Doesn't Like People'... TONIGHT'S
DEBATE 'DO OR DIE' FOR OBAMA... Questioners
Face $4,492 Tax Increase Next Year...
BUCK STOPS WITH ME: HILLARY TAKES BLAME... Pins
confusion on 'fog of war'... Hillary
Clinton to Obama in 2008: 'The Buck Stops In The Oval Office'...
Dem
Political Signs Scaring Away Customers in VA...
Camp
O attacks GALLUP again... Jesse
Jackson Jr. Speaks: 'Not well'... Thought
he was 'reincarnated chariot driver'...
Battery
maker with $249 million in taxpayer cash goes bankrupt...
CEO
touted 'green jobs' in Rose Garden...
STATE DEPT: Negotiations to keep troops in Afghanistan past 2014... FLASHBACK:
Biden: 'We are leaving in 2014. Period'...
GOV'T
STUDY CONFIRMS 'GAYDAR' EXISTS, 60% ACCURATE... http://albertpeia.com/governmentwaste.htm Coburn
calls Senate cohorts biggest waste in government...
GALLUP:
WOMEN TURNING AWAY A new USA TODAY/Gallup Poll of the Swing
States shows Mitt Romney with a lead among likely voters as he strengthens his
standing with women in the nation's top battlegrounds. }
New
Threats to Riot if Obama Loses Election... [ The threats alone are a reason sufficient for backing President
Romney. If left unchecked, the nigger terrorists will be even further emboldened
to their already egregious criminal, terroristic ways. No man, woman, or child
will be safe if the lethal black cancer grows. The 4 years of O have been
complete, utter failure and no amount of wobama b***s*** and nigger
intimidation can change that fact! Quite simply, niggers are inherently
criminal terrorists: Examples of what people are saying include the following;
“If
obama dont get re-elected & romney wins .. on life every white persons
getting pistol whipped and im startin a riot.” ( SOURCE )
“If
Obama don’t win lets start a riot so Romney know what he’s getting himself
into.” ( SOURCE )
“You
know you ain’t shit if you gotta “MAKE” Mafukas vote for ROMNEY ! …. Mannnn
OBAMA better get back in office . Or BLACK FOLKS will riot.” ( SOURCE )
“If
Romney wins im goin on a rampage.” ( SOURCE )
“If
Mitt Romney wins the election I think its our duties as Black folks to riot and
fuck shit up.” ( SOURCE )
“If
every action IS met with an equal and opposite reaction ..what should workers
do to employers if Romney’s elected? #Riot in the streets!!” ( SOURCE )
“If
Romney becomes president let’s all start a riot.” ( SOURCE )
“I
Heard Mitt Romney , Tryna Take Away Food Stamps , If He Do .”IMA START A RIOT ,
IMA START A RIOT.” ( SOURCE )
“If
romney wins, imma start a mf’n riot! Rns.” ( SOURCE ) ] [ Will The Election Results
Cause Massive Riots To Erupt All Over America? http://theeconomiccollapseblog.com http://albertpeia.com/massiveriotsinamerica.htm { Ah, yes, says the optimist who sees the
opportunity in every calamity and not vice versa. Indeed, President Romney’s
election based upon american people’s survival instincts and an awakening from
the wobama b***s*** slumber of decline will provide the opportunity to
incarcerate the niggers who will use such as an excuse to do what they’re
inclined/predisposed to do anyway, and in one lawless form or another, are
already doing. Prison or sub-saharan Africa are the only places suitable for
niggers. Let no man, woman, or child fall prey to their intimidation and
uncivilized violence. http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm VIDEO: Black Student Becomes Enraged In Evolution
Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm }
] Farrakhan
warns forces trying 'to keep America white'... CHICAGOLAND:
For second time, grandmother learns a grandson is shot to death... 5 dead, 25 wounded over weekend...
Catholic
Bishops Slam Biden Remarks... REPORT:
GM has lost $6.5 billion overseas since bailout...
Pelosi claims she read
entire 2700 page Obamacare bill...
Arlen Specter dies...
Shot Fired Through Window at
Obama Campaign Office in Denver... Will The Election Results
Cause Riots? WIRE: Do black people
support Obama because he's black? Presidency 'has not helped
cause'... VIDEO: Dems joke they'll get
enough votes to win -- even a couple of days late!
CAMPAIGN FREAKOUT! OBAMA LOCK UNDER 10
STATES As Election Day nears, Romney crowds
are surging...
Geithner defends (indefensible) O as
deficit again tops $1 trillion...
China's yuan hits record high against
dollar... BIG BANK SCORES RECORD PROFIT! Fed Money Pumped It Up... WYNN: My Employees 'Filled With Anxieties These
Days'... 'Every Business Guy I Know Is
Frightened Of Barack Obama'... Biden claims he voted AGAINST two
wars he voted FOR... REPORT: 'Fast and Furious'
Whistleblower Fired in DENNY's Parking Lot... PAPER: Feds now probing suspicious
activity in Rep. Jesse Jackson Jr. finances...
UPDATE: Hezbollah drone may have been
sent to monitor Israel's nuclear facility... Shot Fired Through Window at Obama
Campaign Office in Denver... Will The Election Results
Cause Massive Riots To Erupt All Over America? http://theeconomiccollapseblog.com http://albertpeia.com/massiveriotsinamerica.htm { Ah, yes,
says the optimist who sees the opportunity in every calamity and not vice
versa. Indeed, President Romney’s election based upon american people’s
survival instincts and an awakening from the wobama b***s*** slumber of decline
will provide the opportunity to incarcerate the niggers who will use such as an
excuse to do what they’re inclined/predisposed to do anyway, and in one lawless
form or another, are already doing. Prison or sub-saharan Africa are the only
places suitable for niggers. Let no man, woman, or child fall prey to their
intimidation and uncivilized violence! http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm VIDEO: Black Student Becomes Enraged In Evolution
Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm }
FLORIDA: R 51% 0 44%... Biden, Ryan at each other on
everything... TENSE... CNN POLL: R 48% B 44%... Chris Wallace: I've never seen a
candidate as disrespectful as Biden... Borger: Came Off As Condescending... Hume: 'Cranky Old Man'... Noonan: 'The old man pushed, and the
kid pushed back'... Biden Interrupted Ryan 82 Times? RNC AD: THE LAUGHTER... REALCLEAR MAP SHOWS SHIFT... OOPS: 'One large state didn't report some quarterly
figures'... SURPRISE: Jobless claims plunge... Officials don't ID mystery state... Biden contradicts State Department on
Benghazi security... Romney meets with Rev. Billy
Graham... 'I'll do all I can to help you'... Hungarian-born billionaire buys
airtime to warn against socialism... Carlos Slim, World's Richest Man, Gets
Richer Supplying 'Obamaphones' To Poor...
R 49% O 44% CAN HE GET THEM
BACK? 10-11-12: Ryan prepares to take on
Biden... 70 million watched VP debate in
'08... Commission dismisses Raddatz-Obama
connection... Conflict of interest? Obama Defends Debate Performance: 'I
Was Just Too Choomed Out, Nothing to Say'... Campaign tries to quell panic... Dems frustrated by 'Big Bird' turn... Unions struggle to help... Jack Welch: I Was Right About That
Strange Jobs Report... Ohio Obama Rally Features Rap
Rendition of 'Sesame Street' Theme Song... ROMNEY: 'You have to scratch your head when president
spends week talking about 'Big Bird''... { Indeed! But, don’t scratch too
hard; after all, what else can he talk about? He can’t talk about his record of
unequivocal failure. He can’t talk about broken campaign promises (that would
take ages). And, he can’t talk about solutions to the nation’s problems …
because he has none which he has proven in 4 wasted, failed years. Moreover,
wobama’s absolutely clueless as to what to do to solve the nation’s substantial
problems, some caused/exacerbated by his own incompetence and failure. }Mother of Slain State Dept. Official
Tired of Being Lied To and Stonewalled by Obama Administration... Spain Downgraded to One Level Above
Junk... PAGLIA: FORGET OBAMA, I'M GOING GREEN
PARTY... REPORT: 'Most sophisticated,
professionalized and successful doping program that sport has ever seen'... Teammates turn on Armstrong... 26 testify... { So much for the atheist armstrong; what a
total fraud! Kind of like that other armstrong american fraud; the late, but
not great, moony armstrong! }CEO explains memo threatening layoffs
if Obama re-elected... FEDEX to cut thousands from
workforce... FACEBOOK Fought SEC to Keep Mobile
Risks Hidden Before IPO Crash... STATE DEPT SPINS NEW TALE ON BENGHAZI
ATTACK...
POLL: Romney leads in 11 swing
states... Takes lead in OH... PA, WI, MI close... Biden Has Not Sat for On-Camera
Nation TV Interview in 5 Months... CEO Threatens to Fire Employees If
President Is Reelected, Raises Taxes... Chain Cuts Workers' Hours over
Obamacare... Steve Wynn Slams Obama: 'I'll Be
Damned If I Want To Have Him Lecture Me'... Ohio Obama Rally Features Rap
Rendition of 'Sesame Street' Theme Song... ROMNEY: 'You have to scratch your
head when president spends week talking about saving 'Big Bird''... PANIC: Romney signs in VA defaced,
stolen and smeared with excrement... VIDEO...
GALLUP: 5-POINT ROMNEY BOUNCE... PEW: 18-point shift among women... POLL: Romney leads among independents
51-35... 'Enthusiasm' gap 13-point spread for
Republican... R closes gap in Michigan... R 49% O 47% University of Colorado: Updated election forecasting model
still points to Romney win... PAPER: Why Obama's campaign is falling apart... SULLIVAN: SOS OBAMA VEGAS REVIEW JOURNAL ENDORSES ROMNEY... Romney casts Obama's foreign policy
as weak, dangerous... MILITARY TIMES POLL: R 66% O 26%... BOUNCE: R 49% O 47% 8-point shift for Romney in
Colorado... Romney raises $12 million in 48
hours... OBAMA RAISES $181 MILLION IN SEPT --
JUST 2% OF DONATIONS REPORTABLE... Super PAC Donor on Obama: 'Looks Like
He Took My Million and Spent it All on Weed'... TEAM OBAMA BLAMES JOHN KERRY FOR
DEBATE LOSS... Man Tells Obama: Business 'Terrible
Since You Got Here'... NH voter: ‘O Couldn't run a lemonade
stand'... SNOOP DOGG TWEETS 10 REASONS NOT TO
VOTE FOR ROMNEY... 'He a white n****'... 'Bitch I will beat the sh** out of
you'... Police Union Warns 'War-Like'
(nigger-town) Detroit Unsafe For Visitors... Hands Out Flyers:
'ENTER AT YOUR OWN RISK'... GAS PRICES SET RECORD IN CA
Filling stations across state run
out, shut down... 'What are they doing to us?' Obama fundraiser with Katy Perry to
snarl traffic... REPORT: Intelligence officials accuse
administration of 'cover-up' in Libya... WHITE HOUSE POINTS FINGERS... Email Shows State Dept. Rejecting
Request of Security Team at Embassy... 34 security personnel pulled in 6
months before attack... Boy writes letter to editor after
shelter kills cat... 'Grown-ups killed my kitty'... To the editor: My name is
Rayden. I am 8 years old and I live in Logan. Yesterday grown-ups killed my
kitty, my best friend, when they weren’t supposed to. Because I really don’t
know how to write, my PaPa is writing down the things I think and say. My
kitty’s name is Toothless. When I got him I had just seen “How to Train a Dragon”
at the movies. My kitty looked just like the dragon Toothless with big green
eyes and the hair around his head. Toothless, my cat, has long fluffy hair and
sleeps on my bed and loved to play with my brother and me. Toothless would let
us carry him around all the time. He was our best friend. Last week he
didn’t come in at night. Sometimes he does that, but this time he didn’t come
back. After two days my little brother Devin, who is 5, and I went to every
house on our street and asked everyone if they had seen Toothless our cat.
Everyone said no. We were worried and scared something was wrong. On
Wednesday after work my dad went to the animal shelter as it was closing. They
didn’t want to let him in, but they did. He asked if there was a cat with long
black fluffy hair there. They let my dad in to look at the cages, and there was
Toothless! He was curled up laying in the back of the cage very scared. When my
dad made his funny meow sound that he does to make him come home, Toothless
jumped up and came to the screen and rubbed up against it and was so happy to
see my dad, and he wasn’t scared anymore. My dad wanted to take him home,
but they said he had to go to another office building and pay a fee. The lady
at the shelter said it would be OK and told him to come back the next day and
we could get Toothless. When my dad came home and told my little brother and me
he found Toothless we were so happy and we weren’t scarred or worried
anymore. My dad went back the next day to get our kitty and they told him
they didn’t have any long-haired black cats. They only had a white fluffy cat.
My dad waited a long time for the lady to come back and talk to him. The same
lady that told my dad to come back the next day said she was sorry. She had
forgotten to leave a note to tell the people my dad would be there for
Toothless and they had just killed my cat that morning. She had just forgotten
to write a note to save a member of my family. They killed him and I don’t know
why. My dad found out where he had been picked up and it was our neighbors
down the street that don’t like cats and dogs. They had caught him in a trap
and gave him to the police to take him away. When Devin and I knocked on their
door and asked if they had seen Toothless they told us no, and that was a lie.
My dad and mom tell me and Devin not to lie and that is right. I didn’t think
big people lied because they are grown ups and know what is right. Now I don’t
know what to do. My cat Toothless is dead; the people that killed him didn’t
even give him to my dad so we could bury him. What do I do now? Rayden Sazama
Logan Editor’s note: Cache Humane
Society Director Brenda Smith confirmed Rayden’s story that an animal shelter
worker forgot to leave a note to halt euthanization of the Sazamas cat. { The shelter/city should be sued and the
employees involved should be fired for cause! }
BOUNCE IN POLLS: R PULLS AHEAD IN VA... R +3 IN FL... R +3 IN OH among those 'certain' to vote... REALLY! 7.8% Total employment 'highest one-month
jump in 29 years'... Welch: President manipulating numbers
after debate performance... BLS economists donate to Obama
campaign? Rate Plummets to 4.3% -- For Govt
Workers... Report met with suspicion... ROMNEY: Rate more like 11%... OBAMA: Can't turn back now... SEPT. EMPLOYMENT: +114,000... Aug. number revised to +142,000 --
from +96,000... Welch: Obama manipulating numbers
after debate performance...
{ There are some people (and their assessments) that you might dismiss
as light-weight partisans… Jack Welch is not one of them! Indeed, among the
rarest breed historically of exceptional american CEO’s, Welch points to the
folly of preposterously a month before elections, on paltry/pathetic jobs
numbers ( election year temp/part-time for manipulating stats along with the
nebulous ‘stopped looking’ fudge factor) , following a disasterous debate
showing (of wobama failure and incompetence), the unemployment rate falls to just
below the ‘superstitious’ 8.0. If you’re a fool, you’ll buy into what is
tantamount to the obama 100% employment fantasy where literally everyone but
him has stopped looking for work and hence, not counted in compiling the
unemployment rate (and then those jobs in the millions lost and gone forever on
his watch - what a banana republic!). Come on, wake up!: JACK WELCH:
OBAMA IS MANIPULATING THE JOBS NUMBERS BECAUSE HIS DEBATE PERFORMANCE WAS
AWFUL…UNBELIEVABLE JOBS NUMBERS…THESE CHICAGO GUYS WILL DO ANYTHING…CAN’T
DEBATE SO CHANGE NUMBERS. }
O NO: CLINT WAS RIGHT! Leno: 'Only Person Who Didn't Tune In
Was Obama'... Campaign aides 'shell-shocked'... Man Tells Obama: Business 'Terrible
Since You Got Here'... NH voter: 'Couldn't run a lemonade
stand'... Deficit Tops $1 Trillion for 4th Year... California Refiners Ration
Gasoline... L.A. stations run out, close pumps... Gas Prices Likely to Rise Through
Election...
SKYFALL RATTLED, O GOES ON ATTACK... BUCHANAN: Romney: Best debate
performance in 52 years... John Sununu calls Obama 'lazy and
detached'... FLASHBACK: 'There's a laziness in
me'... Was Obama rattled by developing donor
scandal story? BIDEN: 'Yes, We Do' ... Keept away from press... AARP to President: Don't mention us
again... 67 MILLION: RATINGS JUMP FOR
DEBATE... 15 million more
than '08... Left-Wing Websites Reject Obama Ads,
Say Campaign Undercutting Them By Working With GOOGLEAOL... Harry Reid makes up quotes in another
attack on Romney... NYT: 'President Xanax'... Lost, bewildered without
teleprompter... Gas prices in CA hit record highs... Supply shortages
shut pumps...
ROUND WON: Romney Seized Offense in
Debate... You Were Fighting For Obamacare, Not
Jobs... 'The Path We’re Taking Is Not
Working'... FOURNIER: Cursed Obama Falls... MSNBC MATTHEWS: 'What Was He Doing!' Cutter takes swipe at Lehrer... Carville: 'Romney came with a
chainsaw'... Andrew Sullivan: 'This was a
disaster'... UH O Lost, bewildered without
teleprompter... CNN POLL: Romney Annihilates... Van Jones: 'Was Able To 'Out-Obama
Obama'... LEFT TURNS ON O... CA gas prices set to spike... Man beaten, robbed -- inside grocery
store! Another sex scandal rocks Detroit... { Was she the sex lackey of Detroit Blacky? …'The chief of police exceeded
his professional status,' David Robinson said. }
NATIONAL JOURNAL SHOCK POLL: R 47% O
47%... BIDEN: Middle class has been 'buried'
during Obama's presidency... New Model to Predict Unemployment
Sees Rate at 8.1%...
POLL: 43% of voters certain they will vote for Romney. 42%
certain they will vote for Obama. Remaining 15% either uncommitted or open to
changing mind.... MORE...
POLL: Doctors choose Romney... DENVER BRONCOS John Elway Endorses
Romney... CNN poll magically tightens as
calendar turns... PAPER: Obama will need all the luck
that he can get...
RYAN: We Are Seeing Obama's Foreign Policy 'Unravel on Our
TV Screens'... 'Holder must go' over Fast and Furious...
Hundreds line up for $1.84 gas in
Michigan in Anti-Obama Stunt... 2012 DEBT SURPASSES 2011... Huge tax increase looms at year-end
'fiscal cliff'...
Jobs Outlook Weak as Companies
Reporting Cost Cuts... REPORT: Recovery faster for
immigrants than US-born workers... U.S. MILITARY DEATHS IN AFGHANISTAN HIT 2,000.... AFGHAN SOLDIER KILLS 2 MORE AMERICAN TROOPS... Biden Misstates Number Of Fallen Heroes... Military absentee ballots going AWOL in 2012... REPORT: 1 million Ohioans have 'Obama
phones'... RYAN WARNS: 'We need to tackle
challenges before they tackle us'... Dollar Falls Most in Year... UNIVISION report connects 'Fast &
Furious' to murders of 16 Mexican teenagers... NETWORK FINDS 57 UNREPORTED
WEAPONS... VIDEO **WARNING -- GRAPHIC**... RYAN: 'Holder must go'... Jets owner: I'd rather Romney win --
than the Jets! OCTOBER 1: OBAMA APPROVE AT 47% POLL: O 49% R 47%... POLL: O 49% R 47%... Eurozone hits record high
unemployment... 18.2 million jobless... 'INEVITABLE NEW RECESSION'... One in 10 EU workers missed work for
depression... 26% in UK diagnosed... Greek youth unemployment hits 55%...
Top Five Worst Obamacare Taxes Coming
in 2013... Romney: Debates a Clear Path to
Voters... 'We're going to win Pennsylvania'... SHOCK POLL PA: O 47% R 45%... Leno Turns: 'We Wasted Four Years
Waiting For Obama To Do Something About The Economy' { Yeah, Jay! } ... HOUSE CHAIRMAN CALLS FOR AMBASSADOR
SUSAN RICE'S RESIGNATION... JAY-Z: I'M WITH OBAMA CAUSE HE'S
BLACK... CHICAGOLAND: Black Gang Member Tells
Reporter, 'There Is No Solution To The Violence; Killing Is The Solution'... Member of 'Obama Boyz' gang charged
in St. Louis shootings... Riots Between Black, Latino Students
Break Out At CA High School...
MITT DEBATE PLAN: CALL OUT OBAMA
LIES... GDP revised down to 1.25%... Durable orders drop 13.2% -- 'worst
since recession'... SANTELLI: 'Depressingly weak'... Census: Americans' Incomes Have
Fallen $3,040 During 'Recovery'... OBAMA HAS MY VOTE, HE GAVE ME A FREE
PHONE... SEIU Paid Protesters at Romney
Cleveland Rally... '$11 an hour'... UPDATE: 3 ( yes, 3 niggers) arrested
in vicious beating on Capitol Hill (Do white/yellow/brown people for O have a
death wish? After all, he/holder have protected the violent, anti-white black
panthers)...
DICK MORRIS: Romney 'Pulls Ahead'... Romney: 'Pleased With Some Polls,
Less So With Others'... Romney pays tax rate 'higher than
what 97% of Americans pay'... SURVEY: 55% Of Small-Business Owners
Would Not Start Company Today, Blame Obama... Sebelius to hit campaign trail again
-- after breaking election law... Solution To Michelle Obama's new
school lunch menu: SNACK! Post Office Prepares for Second
Default in Two Months... Romney: President Doesn't Want People
To Know What Happened In Libya... Libyan president: Anti-Islam film had
'nothing to do with' attack... Honeymoon Over as Markets Brace for
Volatile Times...
Health Premiums Up $3,000; Obama
Vowed $2,500 Cut... Ralph Nader calls president 'war
criminal'... OBAMA PROCLAIMS FIGHT AGAINST
'SLAVERY' 2012: MICHELLE TALKS SLAVERY,
SEGREGATION... 'Back when our great-grandparents
were riding that Underground Railroad'... Madonna (the ‘black hand italian’ who
stups niggers) threatens to strip naked if Obama re-elected... Vote for the 'Black Muslim in the
White House'... COMPLAINTS MOUNT AGAINST MICHELLE O'S
NEW LUNCH MENU... 'WE ARE HUNGRY'... Chimpanzees
prefer fruit above all other food items and will even eat them when they are
not abundant. It will also eat leaves and leaf buds. Seeds, blossoms, stems,
pith, bark and resin make up the rest of their diet…’ } Senators to Hillary: Show us murdered
ambassador's cables... Libya tense after death of man who
caught Gadhafi... ...calls for vengeance GOP recalls Obama's earlier victory
lap... iPhone muggings up 40% in NYC...
PAPER: Don't believe hype on US
'recovery'... Pennsylvania Shock Poll: Obama 47%
Romney 45%... FLORIDA POLL: O 48% R 47%... Veterans retreating from president... DICK MORRIS: Why The Polls Understate
Romney Vote... Romney Releases 2011 Tax Returns;
Paid $1.9 Million on $13.7 in Income... ...donated
$4,020,772 to charity Voluntarily paid more than
required... Harry Reid avoids prior claims... 'TIME TO SHOW YOURS, HARRY' Zuckerman: Obama Campaign 'Divisive
and Dishonest'... POLL: Distrust in Media Hits New
High... Biden on college cheerleaders: 'The
stuff they do on hard wood, it blows my (lobotomized) mind'... WHITE HOUSE STORY ON LIBYA FALLS
APART... 100 DAYS UNTIL LARGEST TAX HIKES IN
HISTORY... http://albertpeia.com/taxmaggedon.htm
FIRST SERIOUS INTERVIEW: O PRESSED ON
FAILURES BY UNIVISION Romney: Obama's New Slogan 'No, I
Can't'... GALLUP: O 47% R 47%... Median Income In OH Hits 27-Year
Low... Obama still blames video for Libya
attack? Ramos Rips Away... 'YOU DID NOT KEEP YOUR PROMISE'... Shouldn't you 'fire' Eric Holder? Student asks president for advice --
on how to find a job! PAPER: 'THE OBAMA YOU DON'T KNOW'... But beyond the
spin and the polls, a starkly different picture emerges. It is a portrait of a
man quite unlike his image, not a visionary reformer but rather a classic
Chicago machine pol who thrives on rewarding himself and his friends with the
spoils of public office, and who uses his position to punish his enemies. Peter
Schweizer captures this other Obama with a bracing statistic in his book
"Throw Them All Out," published last year. In the Obama economic
stimulus program's Department of Energy loans, companies owned and run by Obama
contributors and friends, like Solyndra's George Kaiser, received $16.4
billion. Those not linked to the president got only $4.1 billion. The Energy
Department is far from the only federal program in which favoritism has heavily
influenced federal grants. To paraphrase Tammany Hall's George Washington Plunkitt,
Obama has seen his opportunities and taken them, over and over. - Mark Tapscott / Executive
Editor’ Republican senators decry 'useless,
worthless' Clinton briefing... Lewinsky set to reveal Bill Clinton's
sex secrets in tell-all book... 'Worst nightmare'... OBAMACARE
TAX TO HIT 6 MILLION MOSTLY MIDDLE CLASS RASMUSSEN SWING STATES: R 47% O
46%...
POLL CONFIRMS ROMNEY: OBAMA HAS
47%... Tax Compliance for Obamacare: 80
Million Hours... 'I ACTUALLY BELIEVE IN REDISTRIBUTION' Analyst: Fed's 'QE-Infinity' Will Push Gold Up to
$2,400... Mortgage Lending Slides to 16-Year
Low... WSJ: The Data Behind Romney's
Comments... REPORT: Median Income Worse Now Than
During 'Great Recession'... 'Unprecedented' Jump in Food
Stamps... 8,786,049: Yet Another Record for
Americans Collecting Disability... 16 people working
for each person collecting.. US credit rating downgraded -- again... PUMPING BLAMED... CASH FOR BANKERS: Fed risks political
fallout... Faber: If I Were Bernanke, I Would
Resign... Gas Prices More than Double Under
Obama: $1.84 to $3.85... Kids Question Michelle: Where Will
They Move When President Loses? 'FULL-BLOWN CRISIS'
ELECTION MANIPULATION: NEW
PUMPING BEGINS!! { This is an
especially great opportunity to sell this suckers’ market/take profits!
Nothing’s been solved! Just because ‘no-recession-helicopter-ben’ says
something, does not mean it’s true (remember that ‘no recession call’ of his;
and, of course, no QE before the election, prospectively, already discounted
many times over by the ‘markets, such as they are, ie., algo buy programs,
etc.. ). All this and now ‘whatever’ is
too little and too late for the uss Titanic which has taken on too much, not
water, but b***s***. This was a desperate move, bespeaking desperation.The fact
is things are ominously so bad, and worse than ‘allowed’ to be seen for the
moment, that something as this QE which is economically and financially
contraindicated and a proven failure for all but the frauds on wall street
along with their cohorts including desperate politicos, is resorted to in
desperation to divert attention from their unequivocal failure. After all,
though having cost so many americans their jobs with wrong calls and policies,
bernanke is trying to save his own by inflating the markets (along with
everything else, ultimately hyperinflationary)
for fellow failure wobama’s sake (wobama rehired failure bernanke,
President Romney would have fired, and will fire him … goldman sachs knew this
dollar debasing failed policy QE 3 would come and at the expense of the
muppets…that’s their term for all you suckers). I further believe this
contraindicated largess to the frauds on wall street is to preserve his post
fedship tenure job possibilities by ingratiating himself even further with
those nefarious, self-serving interest groups. }
Romney Calls Obama Response:
'Disgraceful'... Muslims Attack US Embassies... Mobs with guns and rocket-propelled grenades... FLASHBACK: Hillary Clinton boast on
Gaddafi: 'We came, we saw, he died'... PROTEST: $9 gallon for gas in NY and
NJ...
Median income lowest since 1995... Lower class grows... Why did Obama use N-word to describe
his grandfather? Suspected Bank Robbers Toss Cash Out
Window During Police Chase... VIDEO... { A neighborhood nigger in response to a
reporter lauded the criminal acts of the armed niggers saying they brought cash
into the neighborhood where (other niggers) ‘people’ are hurting. Isn’t that
among the typical rationalizations that underlie every dastardly deed
perpetrated by the uncivilized niggers? The niggerized DOJ under holder/obama
similarly finds ways to rationalize not prosecuting as promised; ie., biggest
frauds on wall street, mfglobal/jon corzine, defense of and protection for
black panthers, etc.. How can people wonder why this nation’s crumbling? }
ROMNEY: 'Forwarned' is better than
'forward''... { Sampling
some of the network talking head roundtables over the weekend I was astounded
how many wobamanoid apologists talked up the dismal, paltry private jobs, many
part-time or low-pay, without mention of the record insurmountable $5 trillion
increase in the deficit to create them for the purpose of obfuscating wobama’s
blatantly failed performance as potus. Such people, either so partisan, so
unschooled in the relevant disciplines, so ill-prepared for the journalistic
task entrusted to them, literally have no defendable place in the field of real
journalism and are an embarrassment to all that journalism purports to be. }DICK MORRIS: Obama Thugs Rough Up
GALLUP For Polls They Don't Like...
POLL: O 49% R 45%... DEMS SOFT ON WALL STREET CRIMES... FLASHBACK: CARTER +4 OVER REAGAN IN
SEPT 1980 [+8 IN OCT]... FLASHBACK: DUKAKIS +17 OVER BUSH
AFTER DNC 1988...
DICK MORRIS: Advantage Romney... REPORT: GOV'T MOTORS LOSES
$49,000 ON EACH CHEVY VOLT... 'The Democrats' GM Fiction'... Pentagon buys hundreds to 'green up'
military...
8.1% +96,000 368,000 DROPPED OUT 88,921,000 'NOT IN LABOR FORCE' Milbank: Demigod falls to earth... After a couple
of nights at the Time Warner Cable Arena, the convention was to have closed
with President Obama’s acceptance speech at the Bank of America Stadium, where
convention officials were planning to squeeze nearly 6,000 seats onto the field
to expand the stadium’s capacity beyond its usual 74,000. But the speedway event was
canceled — ostensibly because of logistical problems but more
likely because convention fundraising was
running low . Then the Democrats canceled the stadium event in favor of
the smaller arena — ostensibly because of “severe thunderstorm” concerns but
more likely because they couldn’t be sure enough people would come to fill the
stadium.In fact, the forecast hadn’t called for severe weather, and conditions
were fine Thursday night. The change caused thousands to be turned away , and the crush
of crowds at the arena led authorities at one point to lock down the building
for a second straight night – leaving some delegates on the street while
lobbyists enjoyed the proceedings inside…’ CLINT SPEAKS: Obama 'greatest hoax
ever perpetrated on American people'...
White House to miss deadline for
report on 'fiscal cliff' budget cuts...
O: I'M NOT DONE YET
NOONAN: 'Stale and empty... he is out
of juice'... OBAMA HAMMERED IN FIRST REVIEWS... FROM THE LEFT: TOMASKY: Pedestrian
and Overconfident... FROM THE RIGHT: KRAUTHAMMER: 'One Of
The Emptiest I Have Ever Heard'... AP: Obama and the phantom peace
dividend...
'VOTE BLACK'/‘VOTE NIGGER’ BUTTONS HIT CONVENTION HALL...
Bob Woodward book leaks...
Developing... Debt Deal Collapse
Led to 'Pure Fury' From Obama... Explosive mix of
dysfunction, miscommunication, and misunderstandings... Pelosi 'reached
over and pressed mute button on her phone' as Obama talked... MORE
WOODWARD: White House so stunned by
2010 GOP triumph, it didn't even have Boehner's phone number...
Drudgereport: UPDATE: Obama gives himself an
'incomplete' grade... {
Wow! The audacity! The unmitigated gall! This from the record holder for
fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in
addition to being famously over-vacationed while in office. Did wobama expect
that these things would in choom fashion magically come to fruition while he
was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm
The point is that you don’t have to love
Romney but you at least have to like yourself in saying ‘NO!’ to more wobama
b***s*** which is all that he is. Have some self-respect. His grade is
unequivocally ‘F’ for failure, having failed to do as promised which
coincidentally is a direct cause among others of this debacle called america’s
dark obama years. All the talk/b***s*** cannot change that reality. }
Poll: R 48%
O 44%
RASMUSSEN: ROMNEY 47% OBAMA 44%... GALLUP: ROMNEY 47% OBAMA 46%...
Dem Gov.: We're Not Better Off Now...
GALLUP: Obama Job Approval Drops to
43%... PROTESTERS VOW BIGGER CROWDS IN
CHARLOTTE... 'Occupy' encampment re-opens near Dem
convention... DNC security rules trigger free
speech worries...
KING: Obama presidency has been time
of deep Dem decline... Frustrated union leader throws empty
chair...
RECORD-HIGH LABOR DAY GAS PRICES
GREET DEMS IN CHARLOTTE...
RYAN: President 'running campaign
based on envy and division'...
GOP launches 'Obama Isn't Working'
message...
SUNDAY: Dem Gov. -- We're Not Better
Off Now... MONDAY: 'We're Clearly Better Off'...
BIDEN: 'If It Weren't So Hot I'd Go
Into Detail'...
Debt to hit $16 trillion just as
party gavel in convention... Dems to bus in black church members
from SC... ID required to attend...
'GODFATHER' TO CUT DNC TRIP SHORT... Chicago schools brace for strike...
'GOD' LEFT OUT
Dems Drop 'God' From Party
Platform... REUTERS PHOTO DEPICTS HARRY IN
HELLFIRE... Endorse taxpayer-funded abortions... DNC Video: 'The Government Is The
Only Thing We All Belong To'...
ABCNEWSWASHPOST POLL: Obama personal
popularity fading... Women Turning...
DEBT TOPS $16T... $136,249 Per Household...
FOOD STAMP USE CLIMBS TO RECORD 46.7
MILLION...
Key SOLYNDRA figure 'ran for exit'
after seeing ABCNEWS cameras on DNC floor...
UPDATE: Obama gives himself an
'incomplete' grade... POLL: Just 40% say he deserves second
term...
POLL: Less Than Half of Army Officers
in Afghanistan Report High Morale...
Panicking Spaniards Pull Out Cash,
Leave Country... Depression, Suicides Rise as Euro
Debt Crisis Intensifies... MOODY'S Changes Rating Outlook to
'Negative'...
COPS: Mother Forces 10-Year-Old Boy
To Rob House...
{ Shafique (black) and her son ran away but Lynnwood police arrested
her. They found a stolen laptop and crack cocaine. }
Gasoline To Hit Labor Day Record
Price... University of Virginia
Declines Obama Campaign Request... EX-NFL GREAT TO BLACKS: SAY NO TO
OBAMA... 70% of Obama's 19 million TWITTER
followers fake... CHICAGOLAND: 13 shot in 30-minute
span... FLASHBACK: Obama -- 'Chicago Is
Example of What Makes This Country Great' { Wow! Talk about choom fantasy…
unless you’re a fan of…Al Capone! } ... FOXNEWS POLL: Romney Pulls Into
Lead... Republicans eye return to
gold standard... Romney Reiterates He Would Replace
Bernanke... Analysis: Incomes Fall More Under
Obama... Big Loss for Those Near Retirement... USA $20 trillion in debt by 2016...
FABER: Odds of Global Recession Are
100%...
GALLUP: Romney edges Obama...
'RUDE' BUT TRUTHFUL PICTURE OF
TELEPROMPTER OBSCURING OBAMA’S FACE FROM REUTERS PHOTO RAISES EYEBROWS...
Texas Judge Preparing For
'Civil War' If Obama Re-Elected...
ROMNEY: President 'Has Tried To
Substitute Government For Free People'...
PAPER: THE LEFT HAS BEEN TOO KIND TO
OBAMA...
Postal Worker's Vacation Halts Mail
In Jersey City, NJ...
TINA FROWN! { Newsweek on wobama’s failed presidency – Newsweek
relevant! http://albertpeia.com/hittheroadborackanddontyoucomebacknomorenomorenomorenomore.htm }GALLUP: ROMNEY 47% OBAMA 45% ROMNEY: Time to Audit the Fed...
GAS PRICES SET RECORD... Poll: Not better off now than in
2008...
SHOCK POLL: Romney beats Obama in
Chicago suburbs... SPIKE IN ARMED ROBBERIES, SAVAGE
BEATINGS ON CAPITOL HILL... Crime jumps 64%... NOONAN: If Biden Were Republican,
Topic Would Be 'How Stupid Is This Person?' FACEBOOK FALLS TO HALF OF PUBLIC
OFFERING PRICE... No Horses, But Detroit Water
Department Employs 'Horseshoer'... BOOK: Obamacare designed to unionize
21 million health care workers... Increases costs of hip, knee
replacements... O STICKING WITH LOBOTOMY JOE!
MSNBC Host: Romney Engaging In 'Niggerization' Of
Obama { Well, if the shoe fits…and the shoe fits only too well for
jive-talking, b***s***, grifter/fraud wobama, who has actually accorded
protection to the black panthers who have threatened whites as matched with
dasterdly deeds of violence by blacks against all other races! MSNBC said it, and truth be told, it doesn’t
take much to see it in light of the fact that wobama’s just a typical
jive-talking, incompetent, b***s*** nigger!
}...
ROMNEY, RYAN PREPARE FOR ASSAULT ON OBAMA'S
SPENDING... U.S. Foreign Debt Hits Another Record...
Democrats' nerves start to show... VA BAKER SAYS NO TO BIDEN STOP... Secret Service buys cupcakes as thanks... Customers flock in... 'OBAMA CAN KISS OUR A**'...
HOW LOW WILL IT GO? FACEBOOK STOCK PLUNGES... Has lost half of value...
JULY DEADLIEST MONTH OF 2012 FOR TROOPS... ARMY SUICIDES SET RECORD... FBI: Federal court clerk sold secret info to L.A.
gangsters...
New Jersey unemployment rate at 9.8%, highest since
1977...
REPORT: GM's European failure will prompt second
Obama bailout...
CHICAGOLAND: City Worker Caught Stealing 500 Feet Of
Copper -- Off Midway Airport Runway!
Ecuador grants WIKILEAKS founder asylum... 40 police surround embassy... U.S. denies pushing arrest...
Obama defends Biden on 'chains' comment...
HE DID IT AGAIN: LIVING IN WRONG CENTURY! REPORT: Obama has 22 days to drop Biden from
ticket... VIDEO: Biden Refers to Ryan as 'Governor'... Now Social Security Administration To Purchase 174
Thousand Rounds Of Bullets!
Hypersonic aircraft crashes seconds into military
test flight...
Thousands of Federal Retirees Get Six-Figure
Pensions...
CHICAGOLAND: 50,000 line up for Obama amnesty
program... Labor Dept. Attempts to Stop Layoffs by Giving $100
Million to States, Subsidize Payrolls...
VIDEO: Biden Imitates Sign Language Lady… [ I’m quite
serious when I say lobotomy joe biden had part of his brain removed… he
literally had part of his brain surgically removed…his nonsensical outbursts
are symptomatic of lobotomies generally…] ... Wonderment Whether Biden Has 'Mental Capacity' for
Presidency... VP says 'We can win North Carolina' -- while
campaigning in Virginia...
New Black Panthers to RNC: Our 'Feet Will Be On Your
Motherf***ing Necks'{ Listen to these uncivilized, dumb niggers! This is
typical nigger talk and predisposition to criminal action/violence! How can
whites et als self-destructively embrace the niggers? Niggers are beasts of
burden and burdens wherever they are. There are few physical tasks they do well
and even fewer of said available tasks relative to their populations to make a
difference. They are a near complete washout in non-physical tasks, are too
costly and are bad workers, unproductive generally to employ and not worth the
enormous cost and trouble. The very scant few exceptions are statistically
insignificant. Niggers belong in jails where they can commit no crimes in
general society; plus there’s the savings thereby on their invariably wasted
welfare, programs in addition to their predisposed crimes on the outside…It is
far cheaper to jail them which is best for civilized society (look at their off
the charts crime rates, and that’s only those that are caught! They’ve
literally destroyed cities as is so wherever they are in concentrated numbers.
These are indisputable facts/truths that civilized societies/governments can no
longer afford to deny.) } ...
REPORT: Ill. state workers forced to attend Pelosi,
Jesse Jackson Jr. event on taxpayer dime... Buchanan: 'Obama has steadily diminished both himself
and the office he holds'... Campaign admits knowing story behind flawed PAC attack
ad...
UPDATE: Postal Service Posts Big Loss as Cash Runs
Low... UPDATE: Jesse Jackson Jr. being treated for bipolar
disorder... { Mayo
Clinic: Jackson has bipolar depression }SPIRITS SPEAK TO PELOSI ( Riiiiight! And they keep
telling her… ‘bankrupt america…bankrupt america…bankrupt america’….she believes
them, tries her best to comply, and follows their advice! Meanwhile, by way of séance, hillary getting
the message…’more world strife…more world strife…more world strife…’ and she’s
complying! Not to be left out of democratic party stratagems, wobama’s been
seen sticking pins into a doll that bears an uncanny resemblance to President
Romney… If only they had a real strategy and knew what they were doing! ) ... Over 100M in America on Federal
Welfare...
Gingrich Warns: Obama 'direct threat' to my
grandchildren's future...
BOOK: Blago claimed $25,000 channeled to Obama...
Miami Cannibal Victim's First Interview: 'He Just
Ripped Me To Ribbons. He Chewed Up My Face. He Plucked Out My Eyes'...
WHO NEEDS CONGRESS? (Not wobama the dictator!) Obama
Considering Executive-Branch Action on 'Internet Security'...
Nearly half of long-term U.S. immigrants are on
welfare...
$5.2b in fraudulent tax refunds to immigrants...
OBAMA (who plays his 104 th round of golf as potus) POPULARITY SOARS -- IN NIGGERTOWN DC!
Plays 104th round of golf (as nation flounders)... HARRY REID HELPS CHINESE SOLAR FIRM REPRESENTED -- BY HIS SON! PAPER: It's time to fight back against Dirty Harry...
Wife: Rep. Jesse Jackson Jr. getting treatment but
'still very depressed'... Ethics investigation continues...
BIASED MEDIA BASH: 86% of Romney coverage NEGATIVE... { Friday Humor: (obama last
campaign) "I Am Pledging To Cut The Deficit We Inherited By Half By The
End Of My First Term In Office"
ZeroHedge.com Wow! The only explanation
might be they’ve been duped by wobama along with the rest of the nation and are
too embarrassed for not doing their reasonably expected due diligence on
grifter obama and just won’t own up to the reality of the fraud called wobama!
Wobama the b for b***s*** speaks … on the prior pre-election campaign trail ( The Real Obama Budget Deficit
For 2011: 5 Trillion Dollars
http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm (Related: 34 Shocking Facts About U.S.
Debt That Should Set America On Fire With Anger http://albertpeia.com/34shockingfactsofusdebt.htm ) America’s debt woe is worse
than Greece’s News (CNN) — ‘Our government is utterly
broke. There are signs everywhere one looks…The government’s total indebtedness
is $211 trillion ’ … ) Obama's Five Trillion Dollar
Lie http://albertpeia.com/obamas5trilliondollarlie.htm [ the economy is already in depression in real terms when taking into account real
inflation numbers. Financial Crisis Phase II Is
Ahead at Forbes Bert Dohmen ‘ In late 2007, I
wrote the book Prelude To Meltdown , predicting the
global crisis that occurred the following year. I now see a similar
confluence of events .. “the new recession has started.”… Over the past 33
years, we have called the start of every recession..Currently, the GDP deflator
is 1.8%, which hardly reflects the true rise in prices. Therefore, what is
counted as “growth,” is actually price increases. Actual inflation..is now more
than 11%. Using that to adjust GDP for inflation, would show that the economy
is now in a very sharp contraction…’] }
Boehner: Obama has 'never even had a real job, for
God's sake'... O BRINGS BACK TELEPROMPTER... REPORT: Warnings ignored in Solyndra loan... STOCK IMPLOSION HITS CA TAX REVENUES...
San Bernardino files for bankruptcy... Vacant Detroit becomes dumping ground for the dead...
House urges Obama to fight UN web regulation...
Union leader strives to ease president's 'white guy
problem'(insanely seeks a place in the blackpeoples’ pot-they ‘love’ that white
meat)...
COPS: Teen Stabs Man 22 Times
After Online Xbox Chat Turns Sour...
REPORT: White House scrambles
to prevent defense cut pinkslips before election... Chicago: 'The Deadliest Global
City'... POLL: ROMNEY PULLS TO 5 POINT LEAD... Court Finds Obama Appointees Interfered with New
Black Panther Prosecution... UPDATE: Jesse Jackson Jr. at Mayo Clinic for
depression... REPORT: Obama's 'You didn't build that' gaffe won't
bring back teleprompter... Gorilla in zoo hangs himself... CAMPAIGN RATTLED... Barack Obama Sr: 'Nothing Stopping Gov't From Taxing
100% Of Income'...
POLL: Less than half of voters think president is
Christian...
ROMNEY MOVES INTO LEAD AT GALLUP RASMUSSEN... USATODAYGALLUP POLL: Romney preferred over Obama to
handle economy...
It's Official: 5 Straight Years of $1 Trillion
Deficits!
OBAMA CAMPAIGN RUNS DEFICIT IN JUNE... Spent $2.6 million -- on polling? Paid $93k for Half-Empty Stadium Kick-Off Event...
US poverty on track to rise to highest since 1960s...
CHICAGOLAND COPS: Teens kill man in 'knock 'em down'
game...
Former SEAL Team Six Commander
Launches Anti-Obama Offensive...
'IT'S A FAKE'... Sheriff Joe's Obama probe finds 'national security
threat'... Calls Congress to move on eligibility... VIDEO: 'Every document surrounding Obama plagued with
problems'...
NEXT: Compton, CA, may declare bankruptcy... 3-Year-Old Mugged in NYC... 3-year-old boy mugged -- while sitting in stroller! Thieves Stripping Air Conditioning Units For Freon To
Get High... HORROR: Naked, Blood-Soaked Man Breaks Into 2 Homes,
Kills Elderly Woman...
{ http://albertpeia.com/anothertypicalblack.htm Do americans feel they deserve such a fate
at the hands of the uncivilized wobama blacks
}COPS: Woman Kept Friend's Corpse In Armchair For 18
Months, Watched NASCAR With It... 'He Was Only Guy Who Was Ever Nice To
Me'...
FLASH: Rep. Jesse Jackson Jr. 'in Rehab'... 'Persistent sleep disorder'... Has Been Under investigation by House Ethics
Committee... NYT: His Father's Son... Chicago police sergeant: 'Tribal warfare' on
streets... Comparable to Iraq, Afghanistan... WAR DRUMS: USA moving dozens of underwater craft to
Persian Gulf... TOURISM PLEA TO GODFATHER: Violent crime wave must be
defused... Algorithms now 'writing' articles for newspapers and
websites... SALES TAX IN SPAIN JUMPS TO 21% That’ll work! }Jon Voight defends Brad Pitt's mom after death
threats for anti-Obama letter... UPDATE: Closure of Border Patrol stations across 4
states triggers alarm... REPORT: People losing homes for as little as $400 in
back taxes... NAACP Requires Photo ID to See Holder Speak in State
Being Sued Over Voter ID (they’re such b***s***/hypocrites)? GODFATHER UNDER FIRE AS MURDER RATE SOARS... Chicago Mayor Appeals to Gangsters' 'Values'... 'Don't touch the children'... RADIO STATION REPORTS REP. JESSE JACKSON, JR
'ATTEMPTED SUICIDE'... Questions mount... NAACP goes wild for Eric Holder... 'O: This Will Be My Last Political Campaign No Matter
What'... GALLUP: APPROVE SLIPS TO 44%... POLL: US CHANGED FOR THE WORSE UNDER OBAMA ... Boehner: Voters Need Not 'Love' Romney... Man Who Introduced Obama At Rally Owes $500,000 To
Former Employer... 'We sort of ran out of money'... Obama campaign threatens donors: 'We could lose if
this continues'... Obama uses 'I' and 'me' 117 times in speech... 'Delirious' Blood-Covered Naked Man Selling Candy
Kills Motel Worker In Violent Rampage... Man holds knife to 3-year-old's face, threatened to
cut out tongue... Kudlow: Obama’s Goose Is Cooked... Obama's Social Security Number challenged... 'American story' faces fresh scrutiny... By some counts, The Story presents more than three-dozen instances of
material discrepancy where Dreams fails to align with the facts as
Maraniss reports them. Case in point: Maraniss confirmed that Mr. Obama's
mother, Ann Dunham, left his father, Barack Obama, Sr., a volatile bigamist,
and not the other way around, as related in Dreams . Dreams also related
the tale of Obama's paternal grandfather, Hussein Onyango, who was said to have
been detained and tortured in a prison outside Nairobi for six months because
of his brave defiance of British colonialists. But after a half-dozen
interviews and other research, Maraniss deemed the tale "unlikely." Read more: http://www.foxnews.com/politics/2012/07/04/obama-american-story-faces-fresh-scrutiny/#ixzz1zmwWPuJ5 ‘ }
Ann Romney says woman being eyed for ticket... Obama's whole campaign strategy is 'let's kill this
guy' ( That’s no exaggeration, the predisposition of blacks toward whites; and,
wobama can’t run on his record of failure in which he’s lied and failed! ) ... POLL: In 15 swing states, Romney leads Obama 51% to
43%... Romney accuses Obama of 'vicious lies' on BAIN
CAPITAL...
'THE LAW I PASSED IS HERE TO STAY'
LAND OF THE FREE: San Diego man stranded after told on 'no-fly' list... Midwest ranchers, lawmakers protest drone flyovers... TWITTER shares info on gov't demands for user data... ACLU Launches Smartphone App To Secretly Record
Police Stops... 'Homeland Security' Report Lists 'Liberty Lovers' As
Terrorists... Boy bitten on neck by man in 'vampire' attack... VIDEO: Man high on synthetic 'spice' goes on naked
'ninja' rampage... 'ZOMBIE CANNIBAL': 'I'm a eat you'...
SCORN ON THE 4TH OF JULY: Chris Rock Mocks 'Happy
White Peoples Independence Day'...
TOP BLACK CHURCH BACKS HOLDER, BLASTS HOUSE...
Severed head thought to belong to Canadian cannibal's
butchered lover found in park... Pregnant woman bites off boyfriend's fingertip...
RECORD NUMBERS OF AMERICANS ON
DISABILITY
NOW Mammoth Lakes files for bankruptcy!
Rep. Allen West: Obama Wants
Americans To 'Be His Slave'...
CHICAGOLAND: 7-Year-Old Girl Gunned Down While
Selling Lemonade Outside Home... MCCONNELL: 'Sold to American people on a
deception'... CURL: Gift to Romney... { This may seem somewhat
counterintuitive and a bit of a rationalization; but, it is absolutely true. So
true in fact, that wobama will come to be compared to Pyrrhus of Ephyrus (W. Greece)
since realization of what this legislation won’t do for americans and the
economy and what it actually does will not have the galvanizing effect that
striking the bill down would have had on voters who were thinking ‘another free
lunch from the government’ will save them (we all now know better, no such
thing). Yes, in somewhat European tradition, defacto bankrupt america is
keeping up with the (ie., rating agencies Egan) Joneses. After all, we all know
how well this European program model is working out for Europe (and any other
nation that’s tried it). In the final analysis, this and such programs as the
contraindicated bailouts for the unprosecuted frauds on wall street, etc., will
prove to be the ‘camel-back breaking’ moment for america; and, a pyrrhic
victory for the egregiously failed president wobama. America’s debt woe is worse
than Greece’s News (CNN) — ‘Our government is utterly
broke. There are signs everywhere one looks…The government’s total indebtedness
is $211 trillion ’ … }
HISTORIC: HOUSE VOTES HOLDER IN CONTEMPT... DEM HOODIED BLACKS PLUS WALK OFF FLOOR... Pelosi botches name of slain border agent...
Adult Chimpanzee Fatally Mauls Baby Chimp at LA
Zoo...
ZIMMERMAN PASSED POLICE LIE DETECTOR... REPORT... Syringes litter NYC beach...
ZOMBIE: Man who took synthetic drug strangles dog,
starts eating it...
POLL: Obama drops 8 points with whites... ... 13-point plunge among young voters
Obama Asks People Getting Married To Forgo Gifts... Donate To His Campaign Instead... AP: ‘…THE FACTS: Five
Senate Democrats voted against sending the DREAM Act to the Senate floor for
full consideration. The bill would have created a path to citizenship for many
young illegal immigrants brought to the United States as children. Last week,
Obama announced plans to stop deporting illegal immigrants who would have
qualified for the DREAM Act. The policy change does not include a path to
citizenship…’ Then there’s the other meretricious
‘wobama desperation hail mary’ that once again falls short. Indeed, as an
investor, one analyzes earnings, projects prospective earnings over a 3-5 year
horizon, and the quality of the earnings along macro economic factors which are
affected by ‘political considerations’. Does anyone remember the honorable Ross
Perot who warned of NAFTA’s effect on american jobs even as the democrat
administration et als were hell-bent on passing same? Should Romney have
breached his legal duty to shareholders and invested in companies with poor
earnings prospects? After all, in the financial / security analysis step of
projecting the income statement, prospective labor costs figure prominently in
the bottomline. In sum, Romney took conditions as he found them, and made the
prudent choices which as per his legal duty were optimal for those who put
their trust in him. For those who put their trust in proven failure wobama, all
they have to show for such misplaced trust are broken campaign promises, now
insurmountable record deficit spending exceeding all the presidents since
Eisenhower combined to obfuscate what clearly has been wobama’s unequivocal
failure. } Will accept your birthday or anniversary gifts,
too...
VIDEO: Obama Trips At Campaign Event In Tampa...
ZOMBIE: Naked man bites off chunk of arm...
PAPER: Obama's grandfather tortured by the British? A
fantasy (like most of the President's own memoir)... http://albertpeia.com/wobamaschoomgangfantasy.htm }
JAILHOUSE CALLS: Zimmerman told wife to buy bulletproof
vest... WAR ZONE: 7 Killed, Dozens Wounded During Obama Visit
to Chicago... More killed this year than in Afghanistan... Bill Maher: 'The Problem With Racism Is Matt
Drudge'...
U.S. Cannibal Updates: Doctors release first photos
of Miami cannibal victim... **WARNING: Extremely graphic** [ See here: http://albertpeia.com/blackcannibalswhitevicitm.htm ]U.S.
CANNIBAL UPDATES:
'Zombie Bullets' In High Demand Following Cannibal
Attacks... COPS: Attacker bit off large chunk of victim's face
in bloody assault... UPDATE: SOUTH BEACH CANNIBAL WAS CARRYING BIBLE, HAD
RECENTLY SMOKED POT... NEW: Man Threatens To Eat Cop... 'Growled, opened and closed his
jaw'... Woman bites wig shop owner’s bicep, spits flesh in
face... L.A.
KINGS' $50,000 PUSHES REWARD IN BABY'S SLAYING TO $100,000 June 6, 2012 { When are people going to awaken to the
reality of the uncivilized nigger? Where’s the outrage for this 1 year old baby
who unlike hoodie trayvon martin killed in self-defense (from niggers) was not
a thief and was totally innocent? The tragic outcomes for ignoring the threat
of the uncivilized niggers! }
http://albertpeia.com/blackonbrowncrime.htm
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
CANNIBAL UPDATES: CRUISED MIAMI IN
2010?
COPS: Canadian cannibal on run in France -- dressed
as woman...
CANNIBAL CAPTURED IN BERLIN... Arrested at Internet cafe -- looking up stories on
himself! Shady, Master of Disguise...
{ U.S. Cannibal Update }: Maryland cannibal ranted on FACEBOOK...
Ming Qu and Ying Wu Murder Case: Two arrested in the
killings of ... (CBS) LOS ANGELES - Los Angeles
police Friday announced the arrests of two suspects in connection with the
shooting deaths of two Chinese graduate students who attended the University of
Southern California, reports CBS Los Angeles . [ { Yup! Typical lawless,
uncivilized niggers! The following comment to the article sums it up: ‘Three
blacks shooting two Chinese students. Where is the public outcry and protests?
Where are all of those that were screaming injustice when Trayvon Martin was
shot?’ } http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]
FUGITIVE CANNIBAL WARNED: I CAN'T STOP KILLING... Scary digital trail... Gay White Porn Star Wanted by Interpol...
CANNIBAL STRIKES IN MARYLAND... SHOCK DETAILS...
South Beach Cannibal 'Put Under Voodoo Curse'... VIDEO SHOWS BIKES RIDING PAST SOUTH BEACH CANNIBAL
ATTACK! MORE GRISLY DETAILS... 'BATH SALTS' TRIGGERED SOUTH BEACH CANNIBAL http://albertpeia.com/blackonwhitecrime.htm VIDEO: Black Student Becomes Enraged In Evolution
Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm }Flash Mob of 40 Kids Storm 7-ELEVEN over Free Slurpee
Promotion, Beat Manager, Raid Shelves...
REPORT: Woman viciously beaten at MCDONALD'S
drive-thru... 'This is for you, you white b***ch!
This is a grape soda!' The description of the suspects -
two black women and one black man - is vague. The best clue police have to go
on right now is they were driving a light-blue Cadillac with temporary tags. }
HORROR: Mob of 20 'hooded blacks' storm UK pub, drag
man out, stab him to death... Half of Florida high school students fail reading
test... COPS: 19-year-old white student beaten by two
separate black gangs...
Dershowitz: Zimmerman acted in self-defense. so drop
murder charge... Evidence Backs Up George Zimmerman's Version of
Shooting... Witness Told Cops: Trayvon Straddling And Punching
'MMA Style'...
New evidence in Trayvon Martin
case raises more questions ABC News
Exclusive: Zimmerman Medical Report Shows Broken Nose, Lacerations After
Trayvon Martin Shooting Holder sues Florida city, says firefight test racist
[ Yeah, of course, because dumb niggers can’t read, ‘rite, or do ‘rithmetic!
They’re always too busy donning their little hoodies and scopin’ out
neighborhoods for their pillaging, plundering, and terrorizing! ]... Black mob beats white man unconscious on his front
porch... 'Now that's justice for Trayvon'
(they shout in crazed nigger fashion)... DERSHOWITZ BLASTS PROSECUTION: 'NOT ONLY IMMORAL, BUT
STUPID'... http://albertpeia.com/trayvonnewtawana.htm
BANG, BANG ‘…His surprising testimony came the same day
that ABC News exclusively obtained a photograph showing the bloodied back of
Zimmerman's head, which was apparently taken three minutes after he shot and killed Martin . The photo
could give credence to Zimmerman's claim that Martin had bashed his head
against the concrete as Zimmerman fought for his life…’
COPS: Suspect angry over Trayvon Martin death beats
up white man...
Obama as a Boy Ate Dog Meat [ And, you can bet
there’s canabalism in his line; his father being an african ape nigger and his
mother a flaky whore; you know, that typical type that schtooped niggers back
in the day! ]... Obama campaign tries to diversify... ...looking to hire more
African-Americans Farrakhan Warns Whites: 'Unless You Change, Your End
Has Come'… [ They call this a self-destructive manifestation of the Oedipal
Effect: Goodbye niggers, aka unevolved apes/chimps/monkeys – Your end’s already
here! Your jigs are up, and you boos
are down! Everyone’s onto your nigger
jive! Look in the mirror! If only you could change / evolve faster! ] ... HOLDER PRAISES FELLOW APE SHARPTON, ONE INCOMPETENT
NIGGER TO ANOTHER ...
'SECOND DEGREE MURDER'... 'We do not prosecute by public pressure or by
petition'[B***S***!]... Tyson on
Zimmerman: 'It's a disgrace that man hasn't been shot yet' [ Spoken like
the true ape, dumb nigger he is! If he had been an extra in ‘Planet of the
Apes’, they could have saved money on make-up / costumes. The reality is, if
that were the criterion and rule, given the overwhelming prevalence of black
violence, particularly black on white violence, there’d be a lot of dead
niggers. Niggers are a scourge wherever they are; a black plague, if you will.
The reality is that in this nation, having been overrun by niggers, americans
have become the new age dinosaurs. As for tyson, the ugly little monkey that no
one wanted, now full-grown angry ape, his IQ is well below the average 100. Ape
tyson is just a disgrace, period. He’s a typical ignorant, violent ape/nigger.
Life with ape tyson, also a convicted rapist, was described by his then (soon
to be former) wife, Robin Givens, in a live televised interview with him
present (you can only imagine the unsaid) as ‘hell’. He’s mentally deranged
(too many head shots?), but he does profess typical nigger sentiment. ( Mike Tyson vs. Robin Givens : … biggest fight | Ebony ...
Eight months after Mike Tyson and Robin Givens
were married on Feb. ... beatings -- she filed for divorce)
Panthers Call For Violent
Revolution, Race War, Bloodshed Against ‘Honkies’ (Video) Some typical comments: Reply:Dandroid Reply: Startover Reply: Eduard Reply: Heroin dealer uses welfare EBT card to post bail [
Yes, he’s a nigger; with unreported cash drug income that gives him welfare as
well! ] ... New Black Panther Party chief of staff apologizes
after radio outburst... 'The things that's about to happen,
to these honkeys, these crackers, these pigs'... Black residents fearful after shootings in Tulsa… [
Now they know how the ‘white folk’ feel, everywhere, every day, and the black
on white violent crime stats overwhelmingly prove the reality and legitimacy of
that concern! Civilized people everywhere are tired of the typical nigger
b***s***! ]... RACE WARS: ZIMMERMAN BREAKS SILENCE... Family challenges Holder on New Black Panthers... Hacked roadsign reads: 'Trayvon a n*****'... CNN says 'f****** n*****' on air... Anchor: 'N*****' Should Replace 'N-word' in News
Reports...
Government Surveillance Crackdown On Internet Goes
Into Overdrive... Congressman fears Obama power grab in 'emergency'... Fidel Castro mocks Obama over 'guayabera'
diplomacy...
Rev. Wright Unleashed: 'White Supremacy' Drives
'World Policy'... Clarence Thomas Worshipping 'Some
Other God'...
REPORT: 'Stunning lack of diversity' in Obama's re-election campaign [
I’d say this is more embarrassing for the self-destructive whites who are for
obama; after all, who would be foolish enough to hire the typically
uncivilized, problematic, violence / crime prone, etc., blacks? ] ... to be fair and
balanced, the RICO litigation involves those uncivilized who consider
themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf (predominantly
but not exclusively jews / romans-italians / mobsters / government slugs). } $1 million pizza party in Detroit -- on sterling silver plates! WHouse basketballs emblazoned with Obama's image... HOODIE ON THE HILL... VIDEO: Dem Rep Kicked Off House Floor... [ Typical noisy
nigger in the house of bad black reps. Female members, keep your purses close
when ‘bobby bobby r’ is near; the temptation might prove to be too much for his
inner rap nigger soul man. ] Ex-Black Panther... Another Says Trayvon 'Hunted
Down Like Dog' [Well, if the shoe fits
… but, actually, niggers are more like apes, monkeys that only evolved to a
point… and some dog-lovers might be offended by comparing niggers to dogs. ]... Pentagon unaware of 'secret
deal' between Obama, Kremlin ...
http://albertpeia.com/bobobamathetraitor.htm ]
Black Panthers offer $10,000 bounty for 'capture' of
Trayvon Martin's killer … [ who do these filthy niggers think they are? ] Take
a look at this nigger who kills a white man during robbery, without any
provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm Shooter of Florida teen not a racist, lawyer says... SECRET WITNESS: Self-defense... Witness: Martin
attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDT Trayvon
Martin shooter: Teen went for my gun Hoodie-Wearing niggers Kill 1, Wound 5 in
Congressman's District... http://albertpeia.com/niggersinniggertown.htm [ 13 shot,
2 dead in Chicago in six hours Thursday night ]'There were young men scattered everywhere'... http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm , http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black Student Becomes Enraged In Evolution
Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]
Buchanan: It's all about race now... NAACP condemns nigger apeman
sharpton's call for escalation in civil disobedience... Talkradio host calls for arrest and removal from
MSNBC... Detroit Preacher: 'Isn't The Mood In This Nation That
White People Are Better Than Black? [ That’s not the mood, that’s reality; the
plain, raw, unvarnished truth! And, not just whites; viz., Asians, Hispanics,
real American Indians, etc., and most
feral beasts except dogs are better than blacks who are at best their equals,
though some dog owners/lovers may dispute that. Niggers are a scourge on
civilized society wherever they are. Just look around, worldwide, wherever they
are, in concentrations particularly; it’s the same nigger story. That’s the way
they are. That’s what they are. They are a blight on any neighborhood. They are
a blight on any society and an insurmountable burden. They bring any society
down. Some will argue, how ‘bout sports?, to which one may reply, ie., just
because you go to horse races, doesn’t mean you want to live with horses, or,
just because you have monkeys in zoos doesn’t mean you want to live with them,
etc., much less cede control and affect over society to them. ] '
The teen was
suspended from school three times
He was on
suspension when he was shot in February, after officials caught him with a
'marijuana pipe' and a baggie with drug residue
Trayvon was
kicked out of school in October for graffiti after he was allegedly caught with
a 'burglary tool' and a bag full of women's jewelry
Officials also
suspended him once for skipping school and tardiness
Trayvon Martin
was suspended from school three times in the months before he was shot dead by
a neighborhood watchman, it emerged today.
The facts,
revealed in a leaked report, paint a different picture of a teenager who
frequently found himself in trouble with authorities.
It was also
revealed that he might have attacked a bus driver, according to a Twitter
account that it is claimed belonged to the teen.
The Miami Herald claims that in October, he was caught
with a 'burglary tool' - a flathead screwdriver - and 12 pieces of women's
jewellery. Martin insisted that they did not belong to him.
POLICE: Black teenagers light 13-year-old on fire;
'You get what you deserve, white boy'... Typical n*****s! Come on! People are tired of making making up excuses for
the blacks. It’s always the same story with them, no matter where. http://www.albertpeia.com/whitesvictimizedbyblacks.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm Drudgereport: 'Mob' beatings at WI state fair... 'Hundreds of young black people beating white
people'... [ Typical n*****s! Good thing there are food stamps;
otherwise they’d be reverting to their inherent proclivity for canabalism (send
them back to africa … even give them a lump sum for an irrevocable repatriation
incentive … a huge cost-saving beyond the first year with substantial salutary
effects for the nation, the economy, and the remaining civilized non-blacks).
The other major crimes they do anyway. It’s their nature. You’ll never change
the nigger … they evolved only to ‘a point’ and no further. ] Fairgoers 'pulled out of cars'... 'They were just going after white people'... Heightened security... [ I refrained from using the ‘n word’ (or
even blacks / negroes) in referring to the culprits in the following two
incidents (those tender sensibilities) but I’m sure you’ve guessed that they
were niggers and I include same here in light of the foregoing incident (and
yes, the victims were white), which is typical. ‘.. while walking through
Military Park (a sliver of a “park” - more a pedestrian thoroughfare/cement
walks) in newark, new jersey on the way to the bank during lunch hour, I heard
the clearly audible screams/cries of what turned out to be an old lady on the
ground with blood streaming from her mouth. I ran toward the sound of the
cries, the source of which I could not see because there were so many people in
and about this thoroughfare so as to block any vision of the source of the
cries. When I came to the woman, on the ground, blood streaming from her mouth,
I asked what happened, to which she responded she had been hit in the mouth and
knocked to the ground, her purse stolen/put inside her shopping bag, and she
pointed out the criminal casually now walking across the main street. Nobody
stopped to help her, many having passed her by. I slammed the thug to the
ground so hard that, in light of all the blood and confusion (limbic system /
adrenalin flow) I thought I had been stabbed (the blood was from his elbows
hitting the pavement so hard - no one helped / a crowd gathered / an undercover
cop happened along). When I testified at the Grand Jury Proceeding I made sure
his threat on my life was set forth in prima facie fashion so as to maximize
the DA’s position with both felonies ( he went to prison – pled out ). The
other case I wrote about here ( This was included on my website in the
Psychology forum discussion of ‘bystander effect’ / diffusion of
responsibility. ) - Having had occasion to have run down a mugger in newark, n.j.
who apparently had followed a girl from the bank on her way to the bursar to
pay tuition, though in pretty good shape, I was astounded by how totally
exhausting such a pursuit was, how much like rubber my arms were when I traded
punches with the perpetrator, and truth be told, if I had a flashlight on my
belt, I have little doubt that I would have probably used it to subdue the perp
(a police officer here in California was the object of intense criticism for
having used a flashlight to subdue a criminal
/ nigger after a long chase so I included that here) . The girl was not
that seriously injured, did get her pocketbook and tuition back, and the
criminal / nigger went to jail (where they belong). The other thing about such
a pursuit that amazed me was that no one else assisted the girl or me despite
being in a position to do so. I was also mugged by 4 niggers and 2 hispanics in
an incident here in Los Angeles, CA. But, to be fair and balanced, the RICO
litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters / government
slugs). ] Matthew Emanuel Macon (Murdered and
Raped 5 White Women in Lansing) Jimmie Reed (Murdered his
wife and his 2 month old daughter and set them on fire) Shelly Brooks (Murdered 7
prostitutes in Detroit Cass Corridor) Justin Blackshere (Stabbed two
white cooks at Cheli’s Chili downtown Detroit) Jervon Miguel Coleman (Murdered
three people.) Donell Ramon Johnson (Murdered a
mother and a daughter) Brian Ranard Davis (6 women known
murdered by nigger) Paul Durousseau (Seven women) Mark Goudeau “The Baseline
Killer” (Eight women and a man in 2005-2006) Coral Eugene Watts (11 women in
Texas & 1 in Michigan) Anthony McKnight (Five girls
and young women) Derrick Todd Lee (8 Women) Charles Lendelle Carter (4 known
murders; admits to ‘hunting’ Atlantans for 15 years!) The Zebra Killings (71 White
people) Chester Turner (L.A.s most
prolific killer 12 women killed.) Lorenzo J. Gilyard (Kansas City,
MO.—13 victims) Eugene Victor Britt (Gary, IN.–3
known murder/rapes.) Reginald and Jonathan Carr (The Wichita
Massacre–6 Whites murdered) Ray Joseph Dandridge and his
uncle, Ricky Gevon Gray (Richmond, VA.–Murdered 7 people in 7
days, including an entire White family.) The Tinley Park Murderer (Suspect
hasn’t been found but has been described as black – murdered 5 women in a
store.) Henry Louis Wallace (Raped and
strangled 5 women to death.) Charles Johnston (Murdered 3
unarmed white men in hospital) Craig Price (Brutally murdered 3 women) Harrison Graham (Brually
Murdered 3 women) Charles Lee “Cookie” Thornton (Murdered 6
Whites at the Kirkwood, MO. city council. ) Darnell Hartsfeld & Romeo
Pinkerton (Abducted and Murdered 5 from a restaurant) Ivan Hill (killed 6 in
Los Angeles area). July 07, 2010 http://articles.cnn.com/2010-07-07/justice/grim.sleeper.arrest_1_lonnie-david-franklin-serial-killer-case-family-members?_s=PM:CRIME | By Mallory
Simon, CNN ‘Authorities in California said Wednesday they have arrested a
suspect in the Grim Sleeper serial killer case and will charge him with 10
counts of murder.Lonnie David Franklin Jr., 57, faces an additional count of
attempted murder, Capt. Kevin McClure with the Los Angeles Police Department
said.Franklin will arraigned in court Thursday morning, McClure said.The
California Attorney General's office attributed the arrest to DNA collected
from a relative of the suspect, in a controversial and rarely used practice
known as familial DNA search.’ Of Course There Are Black
Serial Killers by Lynette Holloway July 15, 2010 The case of the "Grim Sleeper" inspires a
second look at the popular perception that serial killing is the province of
clever white men. Serial Murderers' Row July 16, 2010 The following black men are among the most prolific
serial killers in U.S. history. http://www.theroot.com/multimedia/gallery-meet-6-black-serial-killers Plus: Behind the myth
that only white men commit such crimes . Black Serial Killers Not So Uncommon http://www.amren.com/news/news04/03/03/blackserial.html 200 Involved In Fights At Mall Of America After
Rumors That Rappers Are There...
Miami Heat Players Don Hoodies... 'Dead or Alive' Poster Issued by New Black Panther
Party...
Zimmerman (and this is no endorsement – I won’t be looking at this one
incident all that closely) was at least trying to do a good thing made
necessary by the ever increasing number of brutal crimes committed by the black
thugs in neighborhoods across the nation; then there’s somalian pirates, etc..
People domestically and internationally are suffering from nigger-fatigue and
are totally niggered out. Oh, yeah, there are some Hollywood types who feel
good about themselves having niggers around and helping niggers to help them
feel better than they really are, insecure as they are, by being better than at
least someone beyond fantasy. Loony george clooney is one. Dreadfully boring
and with that monotone, monotonous voice and not that bright, he’s not even
able to fake it on screen as an action hero (ie., batman, what a horrific
miscast) wimpy pussy in reality that he is; then there’s the ‘black (sean)
penn’ who cried like a baby while incarcerated for a couple of days not that
long ago. The atheist jolie, so fatherly troubled as she is, has let the
equally mentally troubled pitt (she so nutty she makes him feel somewhat sane
though still not too bright) and pendulum ‘backwoods bob’ be the closest she’s
gotten to her black projects. Let them live anonomously (in disguise) with the
niggers for some time for a real close look and then see what’s left of their
predisposed love for the nigger. Then there’s the italian scallion, booby
deniro; drug addled as his black wife high-tower, what a total embarrassment to
Italians everywhere; even as he tried to ingratiate himself recently with
niggers everywhere and particularly national embarrassment mammy michele with
the embarrassing pro-nigger first lady remark.. [ Send the niggers back to sub-saharan Africa! ]'BLACK NIGGERS [ NOT WHITES BY NIGGERS THE
IMPLICATION DESPITE FACTUAL DATA TO THE CONTRARY ] ARE UNDER ATTACK [ SAYS NIGGER SHAKEDOWN ARTIST JACKSON] ' Obama: ‘If I
had a son, he’d look like Trayvon.’ Farrakhan Threatens 'Retaliation'… [ Retaliation? Can
you imagine the number of blacks that would have to be retaliated against based
upon the hushed reality of the prevalence of black on white crime? The blacks
should be careful what they wish for in playing that game because the facts
don’t break in their favor. ] ...
People have become weary of making up excuses for blacks
(like obama, holder, etc.). At some point, as now, people should not be timid
about relating the cold, unvarnished truth statistically / factually about
blacks and, ie., black on white violent
crime, etc..
From Pat Buchanan: As for racism, its ugliest manifestation
is in interracial crime, and especially interracial crimes of violence. Is
Barack Obama aware that while white criminals choose black victims 3 percent of
the time, black criminals choose white victims 45 percent of the time? Is
Barack aware that black-on-white rapes are 100 times more common than the
reverse, that black-on-white robberies were 139 times as common in the first
three years of this decade as the reverse? We have all heard ad nauseam from
the Rev. Al about Tawana Brawley, the Duke rape case and Jena. And all turned
out to be hoaxes. But about the epidemic of black assaults on whites that are
real, we hear nothing.
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
The reality is that blacks are an
insoluble problem wherever they are. That’s not going to ever change; not
make-shift/make-work jobs; not programs; not anything tried or to be tried;
hence, they must be treated as exactly that – problems – before a solution can
be derived and fashioned. ] [ Send the niggers, including niggerbama back to
sub-saharan africa! ]
5-30-13
Zimmerman prosecutors tried to hide Trayvon's gun, pot photos...
AP
CEO: 'Thousands And Thousands' Of Phone Records Seized... POLL:
Special Prosecutor Favored 76%-17%... REPORT:
IRS commish had most WH visits of Cabinet -- 157 times... PRESS
REVOLTS OVER OFF-RECORD MEET... NYT
WON'T ATTEND... CNN:
NO... HUFFPO: NO GO... FOX
NO! POLITICO:
WE'LL BE THERE...
MSNBC
IN RATINGS COLLAPSE...
5-29-13
'PERJURY' 'AT
ODDS WITH SWORN TESTIMONY'... HOLDER
TO FACE PRESS... OFF
THE RECORD...
RECORD
10,978,040 NOW ON DISABILITY... Furloughed
federal workers -- can collect unemployment... NJ
Inmates Collect $23M in Government Benefits...
US Dollar
Losing Reserve Status... Rise
of New Order... U.S.
Meat Processor in $4.7 Billion Sale to Chinese Company...
MSNBC
IN RATINGS COLLAPSE...
Vegas
powerbroker convicted of making illegal cash contributions to Reid...
Welfare
Case Manager Accused Of Offering Extra Benefits For Sex...
VIDEO:
Police shoo homeless away from home of pro-homeless CA lawmaker...
5-28-13
SCANDAL?
WHAT SCANDAL? Washington
launches four different investigations into IRS mess... Issa
subpoenas State Dept. documents on Benghazi... REPORT:
HOLDER WENT JUDGE SHOPPING TO OBTAIN FOXNEWS SUBPOENA... House
Judiciary investigating whether Attorney General lied under oath... REPORT:
Holder 'beginning to feel creeping sense of personal remorse'... JERSEY
SHORE REUNION: What's in it for Obama, Christie?
SENATOR: Obama officials
'criminalizing journalism'... Using WWI Espionage Law to
Squelch Reporters...
What Detroit crisis? Pension
fund trustees hang out in Hawaii...
Texas Approves Drug Tests
For Unemployment Benefits...
2 dead as San Antonio
floods; 200 rescued...
GALLUP: Majority say feds
too powerful... Federal
government posts 27,000 job openings... CHICAGOLAND:
Youth homelessness on rise...
MAOIST ATTACKS KILL DOZENS
IN INDIA
FLASHBACK: Syrian rebels
pledge loyalty to al-Qaeda...
WAR DRUMS: MCCAIN'S MEMORIAL
DAY WITH 'REBELS' REPORT:
US drone shot down over Somalia... Judge
Arrested For Stealing Cocaine From Evidence In Cases He Presided Over... KDKA’s Paul Martino: “What this
looks like, is a sitting judge accused of snorting evidence – cocaine? Bob Del Greco, Pozonsky’s attorney: “I think
that’s a fair representation of the allegations.” ILLINOIS
JURIST DIES OF COCAINE OVERDOSE...
A southwestern Illinois judge whose colleague died of a cocaine overdose
while the two were on a hunting trip together has been charged with possession
of heroin and guns. ANOTHER
CHARGED WITH HEROIN, GUN POSSESSION... SUMMER
BUMMER: Beef Prices Set New Record... Rand
Paul: Obamacare includes doctor diagnosis codes for injuries caused by turtles,
macaws, burning water skis...
NYC
cracks down on sidewalk cafes... Targets outdoor eating... POLL:
Weiner inside margin of error...
European
human rights court dismisses Christians' discrimination claims... VATICAN:
100K CHRISTIANS DIE FOR FAITH EVERY YEAR...
5-24-13
Obama
Fails to Salute Marine... Promotes
State Dept Talking Points Editor... ISSA
Seeks Interviews Of 13 Officials Involved In Benghazi... Hillary? Unions
begin turning on Obamacare...
Zimmerman's
Lawyer Wants Jurors To See Photos Of Handgun, Pot Plants Found On Trayvon Martin's
Phone... 'Paint
troubling picture'... UK
AIR SCARES
Britain
braces for possible copycat attacks... Stockholm
rioting continues for 5th night... Swedish cops seek reinforcements... 'They
don't want to integrate'... Police
station torched...
911
Dispatcher Tells Woman About To Be Sexually Assaulted There Are No Cops Due To
Budget Cuts... 'Can You Ask Him To Go Away?'
SURVEY:
47% of Chinese are atheists...
5-23-13
HOLDER
OK'D SEIZURE OF FOX REPORTER EMAILS Obama
Orders Holder to Investigate -- Holder...
Declares
increase in domestic terrorism fueled by Internet...
FLASH
CRASH... HECKLED
OVER GITMO... 'Sit
Down. You should let me finish my sentence'... 'Part
of Free Speech Is You Listening'... Calls
for bringing Gitmo terror suspects to US... GOP
SEN: Speech 'viewed by terrorists as victory'...
OBAMA
TO DRONE LESS POLL:
Majority Want to Return to Pre-Obamacare System...
REPORT:
LA Mayor broke... DNC
Chairman's 'Quest for Wall Street, Washington and Wealth'...
PREMATURE
ELECTION: *****SLAPS WEINER... 'Shame
On Us' If We Erect Him... First
campaign stop: Harlem... Press
frenzy... More
Lewd Photos Might Come Out... Hillary
Clinton strives to steer clear of yet another sex scandal...
Swedish
riots rage for fourth night... PAPER:
'Niggers who slaughtered soldier are British born'... 'Beheaded'... VIDEO
**WARNING: GRAPHIC**
Cab
Driver Brutally Beaten Has Taxi Stolen By 2 Women...
5-22-13
REPORT:
DOJ Seized Records of Five FOXNEWS Phones... ...
INCLUDING PARENTS OF TARGETED REPORTER Judge Apologizes For Lack of Transparency...
ISSA
TO HAUL LERNER BACK BEFORE COMMITTEE... 'Waived
her fifth amendment rights' by giving opening statement... IRS
internal investigation ended 6 months before '12 election, was hidden from
Congress... Dem
warns of special prosecutor...
SPECIAL
PROSECUTOR 'INEVITABLE'... Bernanke
Has Now Injected Foreign Banks With Over $1 Trillion In Cash...
Board
Votes To Close 49 Chicago Elementary Schools... KIDS
SLAM 'GODFATHER'...
Man
kidnapped off NYC street, tortured for 30 days... LONDON
SHOCK { Niggers butcher white soldier. }BRITISH SOLDIER HACKED TO
DEATH WITH MACHETE ON LONDON STREET... 'Beheaded'... VIDEO
**WARNING: GRAPHIC** 'We
swear we will never stop fighting you'... Rant
against the West... 'We
want to start a war in London tonight'...
5-20-13
DOJ
TARGETED FOXNEWS REPORTERS, PRODUCER... Tracked
movements via key card, traced calls... GOOGLE
GAVE DOJ PRIVATE E MAILS... FOXNEWS:
We will unequivocally defend free press... REPORT:
DOJ Leaked Docs to Smear Fast & Furious Whistleblower... Administration's
Two-Front War... RNC
Chief: Obama Creating 'Atomsphere of Guerilla Warfare'... Congressman:
Impeachment an option...
Anonymous
IRS official -- everything comes from the top... McConnell:
'There is culture of intimidation throughout administration'... DAY-BY-DAY:
HOW WHITE HOUSE CHANGES ITS IRS STORY... Dem
Allies Call for Special Prosecutor... Reporters
Stonewalled; Escorted by Police in Public IRS Office Building... Portman:
IRS will need special counsel... 'I
Could Take Up Whole Afternoon Talking About His Failures'... 'I'M
A BLACK MAN'... { No, obama
… you’re a typical nigger! You’re an
over-vacationed, underperforming, incompetent, lazy-ass, typical
b***s*** nigger who also happen to be an unequivocally failed president! }Obama
Uses Commencement Address to Recall Jim Crow, Racism of 40s, 50s... 'As
an African American you have to work twice as hard'... twice as hard? … obama’s never even
had a real job … more typical obama b***s***… the stark reality is that, obama
included, they don’t even bother working a fraction as hard as others … and,
they really don’t care that they don’t … the very narrow, limited exception(s)
are particularly games where performance is quite visible and measurable; and
hence, not subject to the specious, spurious cries of racism when calling the
nigger out for failed or non-performance. Results count! }CHICAGOLAND:
5 Dead, 15 Wounded In Weekend Violence... Teen
mobs run wild in downtown...
TORNADOES RIP OK MILE-WIDE
FUNNEL 200
MPH WINDS
5-17-13
IRS
HID PROBE UNTIL AFTER ELECTION... THEY
KNEW... ...LAST
JUNE Dems
grow nervous... Agency
stalled conservative groups, but gave speedy approval to Obama foundation... Used
'planted' question to reveal scandal... 'Absolutely
Not Illegal'... 'IS
THIS STILL AMERICA?' UPDATE: TV Anchor Barred From FACEBOOK, Interviews After Discussing
IRS Harrassment... Congressman
Receives Standing Ovation After He Rips IRS Commissioner... IRS
ASKED GROUP ABOUT 'CONTENT OF THEIR PRAYERS'
Report:
IRS denied tax-exempt status to pro-lifers on behalf of Planned Parenthood... Conservative
Hispanic Groups Targeted... FOX
NEWS HOST: I Was Audited After Criticizing Obama... AUDIT
THIS: NFL players tweets photo of him urinating on IRS sign... Employees
at center of scandal: 'We were simply doing what our bosses ordered'... NOONAN:
This Is No Ordinary Scandal...
IN CHARGE DURING 'TEA PARTY' TARGETING, NOW RUNS IRS OBAMACARE
OFFICE
More
mystery over AP subpoenas process at Justice Department...
IRS henchwoman got $103,390 in bonuses...
Obama
Consoles Student After Failing To Answer '2 Minus 1' Correctly: 'Subtraction Is
Tougher Than Addition'... First
Lady laments that many blacks have lost 'hunger' to learn... Well, not quite... there are many new ways
to commit some very old crimes…even smash and grab at those ‘local jewelry
stores’ has evolved somewhat, etc. }
5-16-13
OBAMA
CALLS IN MARINES -- TO SHIELD HIM FROM RAIN... Obama
'Accountable' -- 'Runs IRS, Treasury'...
WITHOLDER:
Attorney General 'seems proud of how little he knows'... { Typical niggers! The time has come to call a spade a spade because the
reality is that they are spades! Typical
spades! } Liberal
talk show host calls for Holder to be fired... REPORT:
Obama Eying Pal Deval Patrick For Slot... Fires
IRS Boss -- Who Was Leaving Anyway... 'Complete
confidence' in coverup confidence-man Holder... CONGRESSMAN
CHARGES: THEY TAPPED HOUSE CLOAK ROOM!
President blames Benghazi on lack of funding... The time has come to call a spade a spade
because the reality is that they are spades!
Typical spades!
}
EMAILS
CONTRADICT WH CLAIMS... Benghazi
Dump: Critical Two-Day Gap... First Released Email 67 Hours After Attack... PETRAEUS:
'Frankly, I'd Just As Soon Not Use This'... 'No
One Knew Much of Anything'... Holder
Says No to Special Counsel on Scandal...
CHICAGOLAND:
Man With 'Cop Killa' Tattoo On Face Arrested For Threatening Cops...
S&P
DOWNGRADES BUFFETT'S BERKSHIRE...
STUDY:
Physically strong men more likely to have right-wing political views... 'Weaker men more likely to support welfare state, wealth
redistribution'...
Sandy-Ravaged
NYC Homes Vandalized For Copper, Plumbing Pipes -- After Renovations...
Another
Court Rules Administration's Labor Appointments Unconstitutional...
5-15-13
IRS
ASKED FOR FACEBOOK POSTS, READING LISTS, PRIVATE THOUGHTS... CLAIM:
OBAMA CAMPAIGN CO-CHAIR ATTACKED ROMNEY WITH LEAKED DOCS... EXEC AT CENTER OF SCANDAL GOT $42K IN BONUSES... IRS
approved liberal groups while Tea Party in limbo... 'Thin'
IG report only skims surface... GOP Rep: Impeachment Not 'Off The Table'... Prominent
Catholic Prof. Claims IRS Audited Her After Speaking Out Against Obama... Demanded to Know Who Was Paying Her...
POLITICO:
OBAMA LOSES DC... McCONNELL:
'We've Only Started to Scratch the Surface of This Scandal'... FRANKLIN
GRAHAM: IRS TARGETED US, TOO... Rev.
Billy Graham Endorsed Romney... IRS
requests stalled applications of conservative groups up to 13 months... 'They
were asking for a U-Haul truck's worth of information'... Official
speedily approved exemption for Obama's brother's 'charity'... 'Corrective
actions have not been fully implemented'... RANGEL
TO OBAMA: Come clean...
FLASHBACK:
'I Bear Responsibility for Everything -- To Some Degree'...
DEMOCRATIC
MAYOR OF BROKE DETROIT CALLS IT QUITS...
5-14-13 GOVT
TAPS PRESS PHONE RECORDS FOR MONTHS
DOJ
tracked 20 phone lines at AP... Inside AP: Fear, anger, disbelief... Swept
up entire collection of records... DRUDGE:
Assume all your communications are being monitored...
REPORT:
HEALTH PREMIUMS TO SOAR 400%...
Washington IRS officials
targeted conservatives...
'Son
of Watergate?' 40
years later -- to the week... Top
Dem calls for public testimony on Benghazi... WASHPOST:
Obama's claim he called 'act of terrorism' -- Four Pinocchios... Cover-up
'still ongoing'... McCONNELL:
'We've Only Started to Scratch the Surface of This Scandal'... IRS
LEAKED INFO ON CONSERVATIVES TO MEDIA WH:
'People Were Aware' of Conservatives being Targeted, But Didn't Do Anything
About It... REPORT: IRS targeted news anchor after Obama interview... 'After
interview, IRS started hammering me'... 55-questions
sent to tea party group; Demands for donor lists, names of all volunteers... BOOK:
IRS retaliates against outspoken business leaders... Tea
Party groups threaten to sue... Kentucky
activist to IRS: 'Apology not accepted'... Probe
Expands To Groups Opposed To Gov't, Teaching Constitution... Scrutiny
Deeper Than Thought... McConnell:
'Just The Beginning'... RAND
PAUL: OBAMA 'DRUNK ON POWER'... Agency
accused of leaking confidential tax documents during election... Scandal
politics sweep Capitol Hill... FLASHBACK:
Senior White House official briefed reporters on Koch brothers taxes...
CHICAGOLAND:
Store Robbed at Gunpoint -- Across From Police Station! Too
late to save Detroit?
Prosecutors
push to keep Trayvon Martin's past out of trial... Pot
smoking, school suspensions 'irrelevant'...
5-13-13
GOVERMENT TAPS PRESS PHONE RECORDS 20
phone lines monitored... AP:
'Massive and unprecedented intrusion'...
NEW
'ENEMIES LIST'... IRS
Began Targeting Conservatives in March 2010... Tea
Party groups threaten to sue... BOOK: IRS retaliates against outspoken business leaders... Santelli
Warns: Keep IRS Out of Obamacare! Probe
Expands To Groups Opposed To Gov't, Teaching Constitution... Scrutiny
Deeper Than Thought... McConnell:
'Just The Beginning'... 'Kept
shifting targets in tax-exempt groups'... Agency accused of leaking confidential tax documents during
election... FLASHBACK:
Romney donor vilified by Obama campaign, then subjected to 2 audits... Did
Plouffe Justify IRS Targeting Conservative Groups?
DID
PRESS MAKE HIM CRY? WILL:
Carney's 'Usefulness to This Administration Diminishing Rapidly'... NEWYORKER:
'Now there is something to it'... KLEIN:
Obama 'on the same page as Richard Nixon'... Inhofe
mulls 'I-word'... ISSA
SEEKS DEPOSITIONS... Bachmann:
Obama released IRS bombshell because of Benghazi... FOURNIER:
A PERFECT STORM... Brokaw:
'Welcome to the Second Term, Mr. President'... COULTER
FLASHBACK: OBAMA'S SIGNATURE MOVE: UNSEALING PRIVATE RECORDS... Watch
out for Petraeus... ‘…Call it “Oval
Office Couch Syndrome.”By their second term “inside the bubble,” presidents
have completely lost touch with reality: Aides and confidants conspire to keep
the chief executive insulated from the real world — the bad news, the worse
press coverage. They think it’s their job, and lounging on the Oval Office
couches, they nod along with the president’s every musing. But this presidency
has taken OOCS to new heights. Mr. Obama has only a few trusted aides, and
occasional leaks from the West Wing show a paranoid president suspicious of
nearly everyone around him. Supremely confident, convinced by the fawning
minions at his feet that he is untouchable, the president dismisses all
controversy as partisan attacks by an overzealous opposition. A pliant press
corps of stenographers follows in lockstep…Speaking for the White House , the flack
said the CIA was fully to
blame for the talking points. Fully. “That is what was generated by the
intelligence community, by the CIA ,” he said. For the record, this is what the CIA “generated”…’ More
'Whistleblowers Coming'... Too
late to save Detroit? 'Dysfunctional,
wasteful'... 27%
of Detroit Homes Vacant...
THE
CAMPAIGN THAT NEVER ENDS... President
Parties with Justin Timberlake, Jessica Biel at Harvey Weinstein's Home...
5-10-13
Rep.
threatens to subpoena Hillary... FOURNIER:
WH throwing 'under the bus?' Media
in full spin... REPORTER:
Democrats Actively Working to Undermine Testimony... ABCNEWS:
Benghazi Talking Points Underwent 12 Revisions, Scrubbed of Terror Reference... Petraeus
Expressed Frustration At Altered Account... ATTORNEY: Whistleblower demoted, threatened...
IRS
ADMITS TARGETING CONSERVATIVE GROUPS; APOLOGIZES White
House blames -- BUSH! FLASHBACK:
Obama jokes about auditing enemies... McConnell
demands investigation... House
vows probe... IRS
SPOKESMAN: 'I'm not good at math'...
Greece's
youth unemployment hits 60%...
PITBULLS
KILLS JOGGER IN L.A.... Pack
still on the loose... ‘…Woman, 63, was
running in rural Los Angeles when dogs attacked and mauled her to death,
witness and police say…Residents near the site of the attack said dogs were
constantly roaming the area and had attacked people before. "It's really
scary," Diane Huffman told KABC-TV. "I don't know what to think. I
really think I'm going to be getting a gun to protect myself."…’
5-09-13
AFGHANISTAN
WHISTLEBLOWER: WHITE HOUSE TRYING TO SILENCE ME...
Boehner,
McConnell refuse to appoint members to 'death panel' to Obamacare... HHS
budgets $150m to teach people how to enroll...
PAPER:
100 OF UK'S RICHEST CONCEALING BILLIONS IN OFFSHORE TAX HAVENS...
COPS:
Man Killed Instantly After Shooting Down Live Power Line To Steal Copper... TESTIMONY:
Jackson thought God was speaking to him...
5-08-13
'WHAT
DIFFERENCE DOES IT MAKE?' White
House struggles to respond to new Benghazi revelations... Shock
testimony from witnesses... Moment-by-moment
account of attack... Emotional
recollection of murders... CONGRESSMAN:
'Death is part of life'... Fourth
whistleblower blocked from testifying... Diplomat
Says Questions Led to Demotion... Dick
Morris: Beginning of end... REPORT:
CBSNEWS BOSSES IRKED BY CORRESPONDENT'S REPORTING; 'DANGEROUSLY CLOSE TO
ADVOCACY'... Hillary
in spotlight... MOTHER:
'I BLAME HER'...
THE
DARK SECRETS OF 2207 SEYMOUR AVENUE... 5
BABIES BORN IN BROTHERS GRIM DUNGEON... 10
YEAR SEX HELL... EXCLUSIVE
PICTURES INSIDE CLEVELAND KIDNAP HOUSE... Chains,
Ropes, Locks... SMOKING
GUN: 'Hero' Was Repeat Domestic Abuser... Horror
as bear on bike eats monkey at end of sick circus cycle race...
NYTIMES:
OBAMA 'ON VERGE' OF BACKING FBI PLAN TO TAP WEB USERS...
5-07-13
Record
10,962,532 now on disability...
Americans
'trust TV judges more than Supreme Court Justices'...
Mother Of Slain Benghazi Victim Rips Hillary Clinton: 'I Blame
Her'... SENATOR:
'The dam is about to break'... Could
bring down administration...
Obamas
host secret, star-studded bash at White House... STUDY:
Gun crime has plunged, but Americans think it's up...
THE
DARK SECRETS OF 2207 SEYMOUR AVENUE... 5
BABIES BORN IN BROTHERS GRIM DUNGEON... 10
YEAR SEX HELL... EXCLUSIVE
PICTURES INSIDE CLEVELAND KIDNAP HOUSE...
*SANFORD
[R] 54% COLBERT [D] 45%
5-06-13
GORE
$200 MILLION CASH IN BANK! Gets
Paid Over $1 Million a Day to Sit on APPLE's Board, $125,000 per hour...
Cuomo
Uses Disaster Funds -- to Launch Ad Campaign Christie's
Reelection Campaign Receives 'Unprecedented' Financial Support...
O
LOSES ON THE LINKS
5-03-13
Percentage
of Self-Employed Americans at Record Low... 9.5
Million People Have Left Workforce Under Obama...
APRIL:
7.5%... JOBS
+165,000... Revising
up, up, up... SC
House Approves Bill Criminalizing Enforcement of Healthcare Law... Gov't
Unemployment at Healthy 3.3%... BUT
Numbers Mask Stubborn Problem...
WALL
STREET IN WONDERLAND! Beef
prices set new high...
BLAMES
MEXICAN VIOLENCE ON U.S. GUNS
Riiiiight … used in the meat, fruit, and vegetable wars, and not the
benign, peace inducing, soporific illegal drug trade. Obama Blames U.S. For Crime And Gun Violence In Mexico;
No Mention Of Fast And Furious Breitbart | President Barack Obama told the Mexican people today
that the United States is partly to blame for Mexico’s drug violence because of
illegal drugs and gun smuggling. }
RASMUSSEN:
OBAMA LOWEST SINCE AUGUST... Approve: 45%... Disapprove: 53%... Krauthammer:
(obama)The fall...
NRA
Predicts Largest Convention Crowd In Its History... 'Our
freedom is under attack'...
EMPIRE:
Another NY lawmaker indicted, prosecutors suggest more to come... Informants
Come Forward... RAT
TRAP... [“Lately there has been enough corruption charges filed
against political officials to form a circus parade, including the plights of state
Sen. Malcolm Smith and New
York City Councilman Dan Halloran .”]
CHICAGOLAND:
Prostitute Pepper-Sprays Boy, 14, Steals His Piggy Bank...
HS
track team disqualified after runner gestures thanks to God...
MORNING-AFTER:
IT'S OK AT 15...
5-02-13
SHOWDOWN:
U.S. Demands Release of American in NKorea...
Student
expelled, faces felony charges for leaving unloaded shotgun in car at school
after skeet shooting...
ANTI-OBAMA
PROTESTS HIT LATIN AMERICA...
Christie
to headline Clinton event...
Feds
accuse 6-year-old of plagiarism, strip her of 'duck stamp' crown...
Fed
Gov't Mulls Banning: Anti-Bacterial Soap?
5-01-13
Foreigners
now hold more than $13 trillion in American securities... Payments
in Chinese Yuan Grew by 171% From Year Ago... Hits
Record High vs. Dollar...
PUMP!
PUMP! PUMP! { Goes the fed …
So DUMP! DUMP! DUMP! }
POLL:
Wealthy, not middle class, support Obama...
PENTAGON:
Sharing Christian Faith Could Lead to Court Martial...
4-30-13
SICK:
42% UNAWARE OBAMACARE IS LAW
IT'S
STARTING: Obamacare Tax Hike Train Wreck... Support
Nosedives...
Case
Worker: Illegal Aliens Got Food Stamps by the 'Vanload'...
Home
ownership rate at near 18-year low... 'Moribund
presidency'... 'Maybe
I Should Just Pack Up and Go Home. Golly'... Channels
Clinton's Worst Day in Office... REPORT:
Media ignores Beach Week violence, racial tensions... Reporters with all the local media had trouble describing
what happened over the weekend when 40,000 black people descended on Virginia
Beach for a party. Their
audiences, however, did not. Daniel Johnson was one of dozens of people who had
no trouble talking about the lawbreakers and the widespread chaos, danger,
thefts, violence and lawlessness they brought to Virginia Beach as part of
College Beach Week 2013; a time when black students could “blow off some steam”
before final exams. “Because it was a group of young black college people
everyone is scared to say anything for fear of being called a racist,” he
said in a post to a Virginian-Pilot news story . “It is what
it is – these people come to the Beach and do everything in there [sic] power
to intimidate the local and visiting White people at the Beach – rude –
disrespectful – dirty and violent – They come here and treat our beach like a
toilet On Saturday afternoon I went to the Harris Teeter and a LARGE group of
young black visitors were in the parking lot drinking and playing loud music –
intimidating locals – I called the police and even though 2 cop cars drove by
nothing was done!” Police reported 900 emergency calls to 9-1-1 Saturday night
involving at least three shootings, three stabbings and three robberies. That
they know of. All during a four-hour period. People in Virginia Beach are
furious and are taking to Facebook and the local news sites to have their say…’ Gun owner
stops home invaders dead Black
mob attack on elderly white halted
Strategy:
Reduce violence by taking away Facebook Media
label black-mob violence 'mischievous teens' Violent
threats follow Detroit takeover
Black
mob beats man 'for no reason'
7
injured at party for 13-year-old rapper 'COPS'
slammed for truth in portraying blacks as criminals }
CHICAGOLAND:
Another murder near Obama's home... Detroit
Takes Top 3 Spots For Most Dangerous Neighborhoods...
Philly
Cop Stabbed, Robbed Of iPod During Violent Attack...
4-29-13
GAO
Now Investigating 'Homeland' Ammo Purchases...
After Criticism, New 3-Page Obamacare Form...
PEW:
1/3 Mexican Adults Would Migrate to USA... Gov't
to Fine Companies for Not Complying With Wiretap Orders...
Rand
Paul Warns of '1984' Surveillance Scenario...
Former
London mayor blames USA...
WAR
DRUMS: SYRIA... Missiles
fired at Russian passenger jet... Syrian
PM survives Damascus bombing, 6 die...
4-26-13
Economy
Grew 2.5% in First Quarter... Debt-to-GDP:
105%...
SHOCK
VIDEO: 10-Year-Old Pulls Gun On Woman On Philly Street... more than likely, jailhouse room
and board for the folks, etc.. And,
more nigger-city-philly fun when they’re not plundering, maiming, robbing,
killing humans, to pass their time between and during rap sets … Kitten Set On Fire } Girl,
13, Arrested For Trying To Rob Woman In Central Park...
Chicago:
A Shooting Every 6 Hours...
{ Eh … what the heck … they’re just spirited spooks, fun-lovin’ niggers
out for some goodtimes in a heartland city of america … }Heroin
Epidemic Spreading Throughout Suburbs...
4-25-13
'HOMELAND'
USING 1,000 MORE ROUNDS PER PERSON -- THAN ARMY? Denies
Ammunition Purchases Aimed at Civilians... NOONAN:
Obama fatigue becomes apparent... W
Gets Emotional, Cries... ROBINSON:
Bush record looks worse and worse... I’ve seldom agreed with anything ‘one note robinson’ has had to
say; but, I absolutely agree with this, except that it should read, ‘bush/obama
record looks worse and worse’ to be credible.
“Looking
Forward, Not Backward” Is Not Only Stupid … It’s Also Illegal Washington’s Blog | Obama’s Failure to
Prosecute Wall Street Fraud Or Torture Harms Our Country … And Violates the
Law. }
Record
1 out of 5 Households on Food Stamps...
Individual
policies to cost 25-50% more next year... McConnell:
Entire Country Should Be Exempt From Obamacare...
SUCK
UPS: NY TIMES REPORTER VOWS TO SAVAGE DC INSIDERS WITH BOOK...
UPDATE:
Falsely Identified 'Boston Bomber' Found Dead In River...
4-24-13
AP:
Obama has stuck with many Bush policies, from counterterrorism to immigration
to Gitmo... }
REPORT:
$3 MILLION RETIREMENT CAP IN OBAMA'S BUDGET WOULD NOT APPLY TO HIM... Lawmakers, aides may get Obamacare exemption...
Obama
Administration Paying People To 'Recruit' Folks Onto Food Stamps... Fraud
More Than Doubles In 3 Years...
REPORT:
IRS issued billions in improper tax refunds... { How ‘bout this one: … Federal
government reviewing prison phone charges AP … Why not
just give them tax-payer funded obamaphones … riiiiight! … sounds like a plan
the black caucus behind the requested
review would say … }
4-23-13
House
GOP concludes Hillary Clinton blew Benghazi response... Report...
REPORT:
AP TWITTER ACCOUNT HACKED... Says
president injured in White House explosion... Markets
Reel, Recover...
Black
Detroit Bar Owner Threatens To Use Deadly Force Against White Teen Graffiti
Artists... { America
The Fallen: 24 Signs That Our Once Proud Cities Are Turning Into
Poverty-Stricken Hellholes http://theeconomiccollapseblog.com http://albertpeia.com/americanhellholes.htm }
REPORT:
Judge drops three murder charges against Philly abortionist... Obama
to headline fundraiser for largest US abortion provider...
4-22-13
OBAMACARE:
More seniors getting scammed...
Hospital
bedbug infestations double...
STATS:
Americans 'snapping' by the millions... { That’s
difficult to imagine/fathom inasmuch as from my direct experience, americans
are already predominantly and inherently criminals and mentally ill … in other words, already snapped! } Record fear, stress, suicide... { America:
#1 In Fear, Stress, Anger, Divorce, Obesity, Anti-Depressants, Etc. http://theeconomiccollapseblog.com http://albertpeia.com/usno1.htm }Kids
so addicted to iPads they need therapy...
Red
Sox slugger: 'This is our f***ing city!' FCC
Blesses F-Bomb: He 'Spoke From the Heart'...
Bomb Threats, USA... Alabama:
3 Hospitals... Connecticut:
Courthouse... Pennsylvania:
Shopping Village... Iowa:
Neighborhood... Florida:
Office Building... Buchanan:
Did brothers Tsarnaev fail?
Goldberg:
Welcome To 'The Era Of The Suspicious Package'...
Bomb
Squad Called In Over Backpack During Central Park Race... CHICAGOLAND:
City police have arrested woman 396 times! { ‘…Rolon recognized Shermain Miles because he’s seen her
more times than he can count — drunk, half-naked, cursing and, on one occasion,
lunging at another woman with a dinner fork. Since 1978, Chicago Police alone
have arrested Miles 396 times, mostly on the North Side — under at least 83
different aliases. Those arrests include 92 for theft, 65 for disorderly
conduct, 59 for prostitution-related crimes and five for robbery or attempted
robbery. The frustrating truth: The system — strapped by overcrowded prisons
and cuts to mental health funding — hasn’t been able to save Miles from herself
or to help the communities she menaces. Nothing has worked. Not jail. Not
prison. Not countless psychological exams for the woman described as being
“acutely psychotic.”’ } Farrakhan
son is part-time cop, but hasn't worked shift in 4 years... UN-DONE:
Starving NKorea begs for food from Mongolia...
4-19-13
Fitch
Downgrades United Kingdom's AAA Rating...
PAPER:
Obama lulled America into false confidence over terror threat...
BROTHER
BOMBERS: 1 DEAD; 1 CAPTURED...
Bragged
of Bombing...
BOSTON
A GHOST TOWN...
SHOOTOUT
VIDEO... Photos/timeline...
Bomb suspect ALIVE AND IN CUSTODY... Sustained significant blood loss... DISCOVERED: House owner went to check on his boat...
Bomb suspect pinned down in Watertown... 'Body' found in boat... SHOTS FIRED... 15-20 Seconds Of Gunfire...
4-18-13
TEXAS
INFERNO; DOZENS FEARED DEAD
Boston
Bombings Bring Americans Closer to Living on Edge... Videos
Said to Show 2 Suspects...
Texas
Rocked By Fertilizer Plant Explosion... PAPER:
'50-50' chance cause could be criminal... Blast
Rocks Five-block Radius... 'It
was like the whole earth shook'... VIDEO... POLICE:
UNCLEAR HOW MANY TRAPPED... Looters
Raiding Homes...
SHOCK:
Elderly Food Cart Vendor Stabbed To Death On Philly Street...
Thieves
Stealing Aluminum Cans From Residents' Recycling Bins... Sinkhole
swallows 3 cars in Chicago...
PAPER:
'Truly lame-duck president'...
OBAMACARE:
Individual plans to cost 80% more starting 2014...
BIG
SIS: DRUDGE REPORT is not credible...
4-17-13
CHAOS IN BOSTON Looters
hit marathon route after bomb blasts...
Federal courthouse, hospital evacuated... Bomb
threat... 'Code
Red'... REPORT:
SUSPECT IDENTIFIED... Two
suspects singled out in video footage... 'One
In Particular Most Interested In'... Suspect
caught on LORD & TAYLOR security cam... 'Man
In Black Jacket On Cell Phone, Wearing Gray Hoodie, White Backwards Cap'... CNN
backs off arrest report... FBI
scolds network...
DC
JITTERS... SECRET SERVICE: RICIN-LACED LETTER SENT TO OBAMA... DEVELOPING... Postmarked
Memphis... 'Suspicious
Package' in Senate Office Building... Evacuation... Sent
to Sen. Roger Wicker; No reason given... Senator:
Police have suspect... All
Mail Delivery to Capitol Stopped as Precaution; Offices on High Alert...
Immigration
bill contains free cell phones...
Background
checks fail... Wary
Democrats won't commit... AP:
Headed for defeat... SENATE KILLS GUN DEAL... Bloomberg
RAGES... Feinstein
Fumes... Biden
Wipes Away Tears... Cuomo
Complains... Obama:
'Just Round One'... McConnell
bugger visited White House... Reid
Mocks: 'Imagined Tyranny'... Reid
to pivot from guns to Internet sales tax... REPORT:
FBI investigated Reid in 2008; Papers made public now secreted, sealed... GALLUP:
Only 4% of Americans Think Gun Control Important Problem...
REPORT:
Wife of ex-judge confesses to Texas DA murders...
Congressman:
Immigration Bill 'Worse Than We Thought'... Legalizes Relatives and Previously Deported... 844
Page Bill Would Take 3 Days to Read NONSTOP Before Friday Morning Hearing...
4-16-13
EXPLOSIVES
MADE OF PRESSURE COOKERS... REPORT:
Bombs Made to Look Like 'Discarded Property'... 2nd
Victim ID'd: Spectator Went To Finish Line To Take Photo... BIG
SIS: No 'broader plot'... $50,000
Reward Posted... Roommate speaks out about Saudi national being questioned by FBI... HUNT
FOR BOSTON BOMBERS... Explosives
packed with ball bearings; 3 dead, 170+ wounded; 17 in critical... '25,
30 people have at least one leg missing'... Martin
Richard, 8, among dead... Witnesses
recount war zone at marathon... ***WARNING: GRAPHIC CONTENT***
Envelope tests positive for ricin at Washington mail facility... Sent to Sen. Roger Wicker... No reason given... All Mail Delivery to Capitol Stopped as Precaution...
4-15-13
DOUBLE BLAST AT BOSTON MARATHON
Two
explosions near finish line... DEVELOPING... REPORT: Suspect apprehended... COPS:
2 dead, 23 injured... 'People
Missing Limbs'... BLAST
VIDEO... AFTERMATH
FOOTAGE... **WARNING: Graphic** Other
unexploded devices possibly found... REPORT:
Fire at JFK library... LIVE
STREAM...
DOW skids
265...
GOLD
PLUNGE... Investors
Bail Amid Collapse... 'PANIC
EVERYWHERE'... Worst
two-day loss since 1983... LIVE...
FOREIGN
HOLDINGS OF US DEBT TO $5.7 TRILLION...
4-12-13
Sebelius
Scapegoats GOP For Coming Obamacare Mess...
Obama
Proposes More Taxes -- But Tax Code Is Already 13 Miles Long!
OBAMA
ONLY PAYS TAX RATE OF 18%?
CT
senator uses shooting 'to raise campaign cash'...
Congress
quietly votes to hide financial disclosures... Terry
McAuliffe Under Fire for Inflated Jobs Claim...
WSJ:
'Business credential fast turning into crony-capitalist embarrassment'...
POLL:
65% of women favor stricter gun laws; only 44% of men do...
NUCLEAR
WAR 'UNAVOIDABLE' { Who Gave North Korea Nukes In The First Place? Paul Joseph Watson | The U.S.
government and the CIA. http://albertpeia.com/usgavenokoreanukes.htm }
BOW
OR BREAK: KERRY ON SCENE... CONGRESSMAN:
THEY HAVE NUKES... Kerry
contradicts intel report... Pentagon
Deploys Sea Radar... INSIDE
NKOREA: SHOCK PHOTOS... China
conducts military drills... Partytime
in Pyongyang... FIRST
TARGET: JAPAN... PSY's
new single steals attention...
4-11-13
NKOREA:
'Powerful striking means' on standby... WATCHCON
2: Missile spotted in strike position... US
intelligence reveals launch zone...
$50,074:
Gov't Spending Per Household EXCEEDS Median Income... FEDS
TO COLLECT RECORD TAXES IN 2013...
Greek
Unemployment Soars to Record 27.2%...
Jay-Z
brags about communist cuba (a haven for murderous black panthers, ie., joanne chesimard
who killed an american Highway Patrol Officer) trip in rap... 'OBAMA
SAID CHILL, GONNA GET ME IMPEACHED'... 'I
got White House clearance... Politicians never did @#%& for me'...
SEQUESTER
SOUL (nigger party animal) SHOW LIVE FROM WHITE HOUSE
Teenager
in canada commits suicide after canuck gang-rape photo goes viral...
Beaver
bites man to death...
Severed
goat's head dropped off at Wrigley Field... Capone
Descendants Sign on For Reality Show...
4-10-13
SEQUESTER
SOUL SHOW LIVE FROM WHITE HOUSE
Safe
from Sequester: NATO Ambassador's Home Alotted $700K -- for Gardening!
Chinese
colonel says bird flu is US biowarfare...
32
GUN PURCHASES EVERY MINUTE UNDER OBAMA
Underground City of Homeless People Discovered In Kansas City...
Flash
Mob Of 200+ Teens Storms Philly Street During Rush Hour...
Clarence
Thomas Speaks: Many black communities in decline...
4-09-13
US, Japan
Now Global Allies in Money Printing... OBAMACARE
ARCHITECT: Law 'beyond comprehension;' After bad start, 'will only get
worse'...
Another
Exclusive Party at WH -- at Taxpayer Expense... Will White House release guest list? 10th
'command performance'...
REPORT: US held secret meeting with NKorea in March...
WHO
BUGGED GOP? 'Nixonian
tactics' decried... FBI
asked to investigate...
4-08-13
More
Than Dozen States Push For Gold as Legal Tender... Bernanke Backlash...
2014:
DEMS BEGIN TO FREAK OVER OBAMACARE CHAOS... Doctors
being driven to bankruptcy... Mitch
McConnell joins Senate gun filibuster... POLL:
Obama underwater on guns, immigration, deficit...
China
looking at direct yuan trade with Aussie dollar...
REVEALED:
Obama doesn't control his TWITTER account... FLASHBACK:
70% of Follwers 'Fake'...
Firearms
Co Moving To TX After Perry Invite...
Business
Owner Burglarized 15 Times Camps Out In Store With Gun, Catches Crook...
4-05-13
90
MILLION OUT OF LABOR FORCE
MARCH JOBS: Payrolls
grew by 88,000 workers... 663,000
Drop Out... ANALYSTS:
Tax hikes to blame, not sequester... DOW
DROPS 100 PTS IN 60 SECONDS... WH:
'US economy continuing to recover'... Gov't
Unemployment Rate Drops to 3.6%... As
economy flails, debtors' prisons thrive...
Obama budget to target retirement accounts... RAISE
TAXES AGAIN!
REPORT:
City recruits minority lifeguards -- even if
they can't swim!
PAPER: Fears NKorea could trigger nuclear strike next WEDNESDAY... Loads
missiles onto launchers... ALL
embassies told to evacuate staff from Pyongyang...
GLOBAL
COOLING: WASHINGTON LOWERS RHETORIC... China
'losing patience'...
Wealthy
Neighborhoods Hire Private Cops as Cities Lay Off Police... Houston
Town Hires Security... Chicago
Proposal Would Allow Sponsorship of Law Enforcement... Private
Security Patrols on Rise in Oakland... EMPIRE:
BLOOMBERG FINGERS CUOMO
4-04-13
Record
8,853,614 Americans on Disability...
Grandmother
Of 10 Holds Burglar At Gunpoint At Her Home...
$423,500
Stimulus Program on 'Correct Condom Use' Yields Zero Jobs...
DTW
airport pulls newspaper after headline: 'Detroit, the Most Miserable (Nigger)
City in America'...
PYONGYANG
PREPS MISSILES... Japan,
U.S. bases in range... U.S.
Warns of 'Regime Change'... 'Suicidal'... Warplanes
moved to Philippines... American
Troops Poised at Border... 'Chemical
battalion' deployed to South... Kim
Jung-Un claims 'smaller, lighter' nukes... China
snubs requests... SKorea
president hoping for best, preparing for worst...
4-03-13
NKOREA
APPROVES 'MERCILESS' NUKE ATTACK ON USA
MISSILE
DEFENSE TO GUAM... Russia
worried by 'explosive' situation... China
military buildup on border continues... U.S.
Troops Stand 'Poised to Respond' at Border... 'Could
make preemptive strike'... Kim
Jung-Un Losing Control?
Obamacare in Trouble? Exchange provision delayed until 2015... JOE
KLEIN: Early incompetence 'really bad sign'... Cancer Clinics Turning Away Thousands of Medicare Patients...
POLL:
One in four Americans think Obama may be the antichrist...
POVERTY
SPIKES TO 1960S LEVELS... Nearly
50 Million Americans Below the Line... Child
Hunger Rates 'Alarmingly High'... REPORT:
$700 million in Katrina relief money went missing... VIDEO:
Man Beats, Robs Woman In B'klyn Subway... REPORT:
NY Dem Sen caught on FBI wiretaps bribing GOP bosses... DUMBFELLAS... Bloomberg
Blames 'Partisan Elections'... Thieves
steal six miles of copper wire!
Britain's Debt-to-GDP Reaches 90%...
4-02-13
EMPIRE:
New York government 'most corrupt in USA'... Plot
to Buy Spot on Mayoral Ballot... Senator,
Councilman Arrested...
REPORT:
FBI busts top NY Dem in 'bribery plot' to rig mayor race, run as Republican ... Woman
waiting at NYC bus stop dragged to cemetery, raped at knifepoint...
GA
town passes law requiring residents to own guns... 'Armed
Citizen Project' may expand to Dallas... UN GOES FOR GUNS Millions
Face Surprise Tax Bills Under 'Obamacare'... THE END OF BARACK OBAMA?
SCANDAL/ECONOMIC DISASTER BREWING! Porter Stansberry http://albertpeia.com/usobamadisaster.htm }
Obama
Asks Congress For $100M To Map Brain... Calls
Himself 'Scientist-in-Chief'... Approval
under water...
4-01-13
First
major U.S. city goes under... Stockton,
CA, to enter bankruptcy... California's
net worth at negative $127.2 billion... Chinese
Yuan Hits Record High vs. Dollar... Reagan
Budget Guru Declares: We've Been Lied To, Robbed and Misled... China-Australia to Ditch US
Dollar... Obama, Pelosi issue Easter
Sunday fundraising appeals... Wasserman Schultz: We're
Broke!
CURL: Obamas living the 1%
life...
DC TV station tweets Obama
greeted at NCAA game with 'cheers and boos'... OBAMA ACCUSED OF TRYING TO
'NATIONALIZE' ELECTIONS... STUDY: New Yorkers Enjoy
Less Freedom Than Residents Of Any Other State... UPDATE:
Hundreds of teens rampage in downtown Chicago... WAR
DRUMS: US MOVES GUIDED-MISSILE DESTROYER ON NKOREA Kim
Jong-un targets American soldiers in latest video... WAR
DRUMS: U.S. Moves Stealth Jets to SKorea... NKorea
vows to strengthen nukes... 'Challenging the
dollar': Bitcoin total value tops $1 billion Kuwaiti
activists to rally for Gitmo prisoners, hunger strikers 'prepare for death'
Land grab:
Israel gave less than 1% of seized West Bank to Palestinians
North Korea: The
stakes behind the rhetoric ]
CHICAGOLAND: Cops Swarm
'Wilding' Scene As Hundreds Of Youths Run Amok on Magnificent Mile... Women attacked on train... VIDEO...
PRESIDENT'S
GRAND PLAN: SPEND MORE! SEQUESTER
JESTERS: DEMS WARN OF AIRPLANE TERRORISTS, PRISON RIOTS, COCAINE FLOODING
STREETS... SPRING
BREAK: Biden heads to golf resort for third vacation of year... WH
SCRUBS SKI VACATION REPORT... Obama
daughters leave behind Bahaman beaches, hit Sun Valley slopes... SECOND
SKI TRIP THIS YEAR! In March of last year, the
White House requested media outlets remove accurate reports that Malia Obama
was on a trip in Mexico with
over two dozen Secret Service agents .The First Family has
been criticized in recent days for taking frequent
vacations. Earlier this week, Breitbart News broke the story that the
Obama daughters spent part of Spring Break at
the Atlantis resort on Paradise Island in the Bahamas. Michelle
Obama and the First Daughters took
a separate ski trip last month to Aspen, Colorado.
While each of these trips require a significant Secret Service presence,
the White House canceled public tours this month citing
Secret Service staffing costs …’ ] 'Jew
in the box' exhibition in Berlin museum... Big depositors in Cyprus to lose far more than feared... Roland
Martin Criticizes 'White Male' CNN Executives... Sports
Website Mocks 'Exceedingly White' People Celebrating Win...
3-28-13
NKorea
Rockets 'Ready To Hit US Bases'... HAGEL:
Have To Take Threat Seriously... NKorea
cuts all channels with South as 'war may break out any time'... 'Photoshopped'
marine landings photograph... WSJ:
Running out of threats...
{ NKOREA
PUTS FORCES ON TOP ALERT... Prepares
for 'strikes against the US mainland'...
}
WAR
DRUMS: Pentagon sends B-2 bombers to SKorea... North
'burning with hatred' for USA... { Coming from the belligerent, uncivilized, failed communist
state of nokeorea, such can only be deemed a positive and complimentary. }
MAG:
Secret Republican Plan to Repeal 'Obamacare'... ADMITS:
Yes, ObamaCare is raising insurance costs... Will
soar 62% in CA, 80% in OH, WI!
}Cyprus
banks reopen, with strict restrictions... PHOTO:
TRUCKS CARRY CASH... 'THEY
HAVE STOLEN OUR MONEY'... FABER:
Not Even Gold Will Save You From What is Coming... World's
oldest bank reports loss...
Chicago
ranks LAST in prosecuted federal gun crimes...
Republican
arrested for stealing '22 cents worth of peanuts'...
Thousands
of armed vigilantes takeover Mexican town, arrest police, shoot at tourists...
3-27-13
Newark
Considers Curfews, Armed Guards For All Businesses... 'White
Union' Claims Black-On-White Crime Problem... http://albertpeia.com/blackonwhitecrime.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm
http://albertpeia.com/blackonbrowncrime.htm
http://albertpeia.com/blackonyellowcrime.htm
VIDEO: Black Student Becomes Enraged In Evolution
Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm }
CDC:
110,197,000 VENEREAL INFECTIONS IN USA
ADMITS:
Yes, ObamaCare is raising insurance costs... Will
soar 62% in CA, 80% in OH, WI!
Watch Out,
World Bank. Here Comes the BRIC Bank! China
and Brazil Ditch US Dollar... Iraqi
oil: Once seen as U.S. boon, now it's mostly China's... PAPER:
New global visions are welcomed...
Cyprus
Banks Opening: Guards Prepare for Battle... €300
daily withdrawal limit... No
money allowed to leave country... Russia
to ban cash transactions over $10,000... FABER:
Not Even Gold Will Save You From What is Coming... Bomb
Blast Near World-Famous Acropolis...
WAR
ON JAY LENO: Soho House summit, secret e-mails... MORE... WAR
ON LAUER: Entreaty to Anderson Cooper Suggests Shake-Up at 'TODAY'... 'COMCAST
wants all the old people out'...
Immigrant
Hops Border Fence as McCain, Schumer watch... NKorea
cuts all channels with South as 'war may break out any time'... 'Photoshopped'
marine landings photograph... WSJ:
Running out of threats...
{ NKOREA
PUTS FORCES ON TOP ALERT... Prepares
for 'strikes against the US mainland'... }
3-26-13
A
VACATION A MONTH... FAMILY
SPRING BREAK TAKES PRECEDENCE OVER WHITE HOUSE TOURS...
In
Russia, teen complains of adoptive US parents...
UPDATE:
University files charges against student who refused to stomp on Jesus... NKOREA
PUTS FORCES ON TOP ALERT...
Prepares
for 'strikes against the US mainland'...
}
3-25-13
PEW:
Court Approval Reaches All-Time Low...
TWO
GAY RIGHTS CASES HIT SUPREMES... WIRE:
CONSERVATIVES GIVE SAME-SEX MARRIAGE MOMENTUM... FLASHBACK:
QUESTIONS ABOUT JUSTICE KAGAN'S SEXUALITY... Chief's
Lesbian Cousin Will Attend Hearing... Cases
could end with a whimper...
10,000
DRONES IN SKY BY 2020 Mayor
Bloomberg On Drones: "Oh It's Big Brother , Get
Used to It!” ... - Zero Hedge } FLASHBACK:
Mayor's guards get special permission to carry guns in Bermuda... Gov't
spends more on disability than food stamps, welfare combined... 14
million collect checks every month... Biden's
$321,665 Limo Bill... SPRING
BREAK: Sasha, Malia Obama vacation at Bahamas' 'Atlantis' Resort... CYPRUS
TO SEIZE CITIZENS' CASH... 40%
grab on accounts above €100,000... Russians
stand to lose billions... WARNING:
OTHER countries will be raided... Clash
with Germany... Regulation
wipes out profits for UK banks... PAIN
IN SPAIN... CA
county administrator to earn $423,664 a year --
for the rest of her life! CA
town on edge after rash of 'door knock' burglaries...
Jim
Carrey releases song for 'heartless motherf***ers unwilling to bend for safety
of our kids'...
IHOP HORROR IN NEWARK NEW
JERSEY: Manager Shot Dead, 2 Hurt After Fight Breaks Out...
ISRAEL FIRES INTO SYRIA... Locusts swarm in on Passover
eve... 'Mossad spy' spilled secrets
to Hezbollah... Syria chemical weapons:
Finger pointed at jihadists... House Intel Chair: 'Red Line
Has Been Crossed'... Iraq WON'T halt Iran arms
flow... Did Obama Give Israel
Go-Ahead?
TAKE HAIRCUT OR GET OUT!
Bloomberg kicks off $12
million gun-control ad campaign... FLASHBACK: Mayor's guards
get special permission to carry guns in Bermuda...
Biden forced to give up
expensive weekly flights home to Delaware under sequestration...
3-22-13
NEW
WORLD ORDER With
US-Russia relationship toxic, Moscow looks to strengthen ties with China... China
'to overtake America by 2016'...
OBAMACARE:
6 in 10 physicians will retire earlier than planned... Official:
'Let's just make sure it's not a third-world experience'... Insurers
Warn on Premiums...
Biden's
One-Night Paris Hotel Tab: $585,000.50... $459,388.65
Hotel Bill in London...
'Homeland'
Denies Massive Ammunition Purchase... Won't
Answer Congress... Cover-up?
USATODAY:
America less popular in Middle East now than under Bush administration...
'Most
Palestinians hate Obama'... No
love in Jordan, either...
UK
FACES GAS RATIONING IN RECORD COLD SNAP...
3-21-13
TIME
RUNNING OUT... Euro
zone notes reveal extent of alarm over Cyprus... Frantic
effort to prevent run on banks... Meltdown
looms...
'HOMELAND'
TO SCAN EMAILS, MONITOR WEB TRAFFIC
Big
Sis Refuses To Answer Congress On Bullet Purchases... State
offers cash reward for reporting illegal gun owners...
LENO: NBC 'EXTINCT'... { No joke! nbc is a horribly, failed
network! Always for sale! } Cuomo
state budget includes 'Jimmy Fallon' tax credit to lure 'TONIGHT SHOW' back to
NYC... 'MUST
BE FILMED BEFORE A STUDIO AUDIENCE'... 'Temporary'
Tax On Wealthiest To Continue Indefinitely...
NEXT
STOP: JORDAN... Obama
urges Israelis to compromise for peace... 'Most
Palestinians hate Obama'...
Sarkozy
Charged In Corruption Probe...
3-20-13
Obama
battles to woo public... Berates Journalist After Being Asked About Middle East Failures... 'Really
hard problem'... GLOBAL
COOLING: Bethlehem rioters set fire to pictures of US prez... WH
map 'erases' Jerusalem... House
Leadership New Jersey Dem Probed over Trips to Scotland, LA...
Sequester
Jester: Depart of Ed creates new six-figure job...
Bill
would require federal workers be fired for failure to pay taxes... SENATOR:
No pay for WH budget writers until Obama delivers one... CYPRUS
VOTE THREATENS NEW EURO TURMOIL... BANKS MAY NOT REOPEN... Seeks
Russian bailout aid, EU threatens cutoff...
French police raid IMF chief LaGarde's Paris home...
Afghan
spokesman labels NATO war 'aimless and unwise'...
3-19-13
FEINSTEIN
FOILED ON GUN GRAB
Congressman
Asks Big Sis to Explain Huge Ammo Purchases...
Chicago
Cop 'Overwhelmed' By City Violence Takes Own Life...
GLITCH:
CHASE Customers See Bank Balance Reduced to Zero... Carney
Won't Say Whether Obama Will Cut Back on Lavish Vacations, Golf Trips... Hacker Begins Distributing Confidential Memos Sent To Hillary
Clinton On Libya, Benghazi Attack...
SHOCKING
DETAILS EMERGE FROM PHILLY ABORTION TRIAL... SNAPPED NECKS OF 'TEN FETUSES'...
Clockwork
Orange: France a 'savage' nation, book claims... Revolt
against City of London's medieval elders...
3-18-13
Cyprus
set to seize personal savings... Plan
moves ahead as vote delayed... BANKS
SHUT DOWN UNTIL THURSDAY... Putin:
'Unfair, Dangerous'... FT:
Here come bank runs... Germany:
Not our idea... Will
Italy follow? Europe's
leaders run out of credit...
HOLLANDE
APPROVAL FALLS TO 31%...
HOLDER
INVESTIGATES WALL STREET (Could it be?)
JOURNAL (Riiiight …. The paper as in journal, like those worthless
pieces of paper at best, fraudulently floating and being commissioned at
lightning computerized speed on wall street- What a total joke holder et
als/doj are! )...
Obama's
White House 'open to the rich and closed to the poor'...
GALLUP:
OBAMA 47%...
Feds
ALREADY Spend $30.5 Billion More in First 5 Months Than Previous Year...
Bozell
Blasts GOP Leaders: 'You Are Not What You Promised To Be'... Coulter
blasts Rubio, 'endless Bushes' on immigration...
DEUTSCHE
BANK: 'Only Jesus can save Eurozone'...
3-15-13
WAR
DRUMS: US DEPLOYS MISSILES
NKorea
fires missiles into Sea of Japan... Slams
'reptile media'...
President
Mocks House Dem -- But Ends Up Looking Like Jerk...
OBAMA
SAYS IRAN 'ONE YEAR' AWAY FROM NUKE...
FBI
snooping tactic ruled unconstitutional...
3-14-13
BANKRUPTCY
LAWYER TAKES OVER IN DETROIT...
COULTER:
Trouble in the new york nanny state...
Middle
East in turmoil 10 years after Iraq invasion...
U.S.
General Puts Troops in Afghanistan on Security Alert... UK
admits 'unwinnable war'... Australian
soldiers caught playing golf and sunbathing in enemy areas...
3-13-13
FROM
BUENOS AIRES WITH LOVE
First
Pontiff From the Americas...
POLL:
Global image of America plummets...
CHICAGOLAND:
Man killed over way he wore his hat...
Dem
Budget Increases Spending 62% Over Next Decade...
China's
Drone Swarms Rise to Challenge U.S. Power...
EU
MESS: Grillo warns Italy will be 'dropped like hot potato'...
3-12-13
'OBAMACARE'
PRICE SHOCK FOR PETS
AP:
Applying for Obamacare 'as daunting as doing taxes'...
DETROIT'S
FINANCIAL CRISIS DEEPENS...
Senate
Dems offer $1 trillion in new taxes... WH
plan will not balance budget...
SEN.
CRUZ TO RALLY CONSERVATIVES ON CPAC EVE... Obama
Won't Balance Budget 'Just for the Sake of It'... CONCLAVE
CONVENES... A
chapel vote, then a papal vote... Cardinals
swear oath of secrecy... The
20 contenders... Anti-mafia
cops raid diocese...
3-11-13
PEW:
Fewer Americans Than Ever Trust Govt...
JUDGE
SLAPS DOWN SODA BAN
ESCAPE
FROM NEW YORK: Paulson eyes Puerto Rico tax haven move... Billionaire looks to shield wealth...
GE
STASHES $108 BILLION
OVERSEAS... White
House Staffers Raking In Big Paychecks Despite Sequester...
SHOCK
POLL: More Prefer Congressional Republicans Over Obama On budget... House
Dems Move Away from Obama... Ask
for details on drone policy...
FACEBOOK
reveals secrets you haven't shared...
Suburbs
secede from Atlanta... 'Detroit of the South?'...
So-Cal
quake could be foreshock for something larger... Los
Angeles Shakes... LIVE
MAP... Officials
Urge Residents To Prep For '2 Weeks On Your Own'...
Germany's
anti-euro party is nasty shock for Merkel... Greece
may still have to quit euro...
WAR:
KARZAI ACCUSES USA, TALIBAN OF COLLABORATING
AIR
FORCE ERASES DRONE STRIKE DATA CIA
Brennan takes oath on draft Constitution -- without Bill of Rights...
PAPER:
Declining US power...
UPSIDE
DOWN: Colorado lowers tuitions for illegals... Army
suspends tuition assistance for troops...
Number
of Tax-Delinquent Government Workers Up 11.5%...
FEB
JOBS NUMBERS... { And the
reality is far worse than this, with make-work/makeshift jobs, with
unaffordable additional debt and money the nation doesn’t really have, even if
you believe these numbers … I don’t … not even for a second! }+236,000... 7.7%... WHITES:
6.8%... HISPANICS: 9.6%... BLACKS: 13.8%... TEENS: 25.1%... Santelli:
'Are We THAT Far Down the Hole?'
{ What a Total, Unequivocal Disaster and
Embarrassment Chicago (among other american cities) Is! }
CHICAGOLAND:
Morgue to post photos of unclaimed bodies online...
'GODFATHER'
wants sex offender-type registry for 'gun offenders'...
3-6-13 KY
senator filbustering CIA nomination... 'I
will speak until I can no longer speak'... Won't
let Obama 'shred Constitution'... Cruz
Joins 'Modern Mr. Smith Goes to Washington'... 177th
anniversary of fall of Alamo... LIVE... HOLDER:
Obama 'has authority to kill citizens in USA'...
Sen.
Cruz slams Holder's defense of drone strikes against Americans...
Biden
dumb as ashtray... Gingrich a prick... Obama is lazy...
3-5-13
STOCKS
ON A HIGH... PAPER:
Dow Jones speeding on Fed steroids... CRAMER:
'We all know it's going to end badly'... Gov't
Borrows $254 Billion in Feb... NYC
Leads Jump in Homeless...
REPORT:
Trayvon Martin's girlfriend lied... CRAMER:
'We all know it's going to end badly'... The Last
Time The Dow Was Here... Submitted by Tyler
Durden on 03/05/2013 - "Mission Accomplished" - With CNBC now
lost for countdown-able targets (though 20,000 is so close), we leave it to
none other than Jim Cramer, quoting Stanley Druckenmiller, to sum up where
we stand (oh and the following list of remarkable then-and-now macro, micro, and
market variables), namely that "we all know it's going to end badly,
but in the meantime we can make some money" - ZH translation:
"just make sure to sell ahead of everyone else", just like everyone
sold ahead of everyone else on October 11th 2007, the last time stocks were
here... GDP Growth: Then +2.5%; Now +1.6% Regular Gas
Price: Then $2.75; Now $3.73 Americans
Unemployed (in Labor Force): Then 6.7 million; Now 13.2 million Americans On
Food Stamps: Then 26.9 million; Now 47.69 million Size of Fed's
Balance Sheet: Then $0.89 trillion; Now $3.01 trillion US Debt as a
Percentage of GDP: Then ~38%; Now 74.2% US Deficit (LTM): Then $97
billion; Now $975.6 billion Total US Debt Oustanding: Then $9.008
trillion; Now $16.43 trillion }
GALLUP:
O 46%... CBO:
Federal Revenue to Set Record in 2013... Bloomberg
booed in storm-ravaged Rockaways... Coast
to coast, states brace for budget shock... DC
economy to take 'the worst'... NOW
LOCUSTS IN HOLY LAND... W.H.: 'No set price' for meeting with Obama... SPAIN'S
JOBLESS HITS RECORD 5 MILLION...
3-4-13
GALLUP:
O 46%... CBO:
Federal Revenue to Set Record in 2013... Bloomberg
booed in storm-ravaged Rockaways... Coast
to coast, states brace for budget shock... DC
economy to take 'the worst'... NOW
LOCUSTS IN HOLY LAND... W.H.: 'No set price' for meeting with Obama... SPAIN'S
JOBLESS HITS RECORD 5 MILLION...
3-1-13 'I
AM NOT A DICTATOR' [ That’s
what they all say … next thing he’ll be saying for Bob Woodward’s consumption
is ‘I’m not a crook’ … Riiiiight, O! You just act like one! The
reality is that at some point the coverup for this failed president by adopting
failed policies to obscure/hide his failed presidency must end. The reality is
that this guy just can’t ‘cut the mustard’.
The reality is that this guy, O, is total bull s**t and an unmitigated
failure by any criteria by which you can measure a presidency (including his
own as set forth in his last campaign…you know, that deficit thing that he was
going to cut by half by the end of his first term but instead increased more
than all the presidents combined! Then there were all those prosecutions to
come of the huge wall street frauds, still extant by way of legislated FASB
Rule change and now marked to anything, that never happened in fact.) (REPORT:
Obama's golf weekend with Tiger cost as much as 341 furloughed federal
workers... ) Krauthammer:
Obama Only Left Out "Pestilence, Earthquake, Brimstone And Plague" In
Sequester Warning CHARLES KRAUTHAMMER: Well, they
know that they really overshot it. It was the … { Yeah … I mean, how quickly wobama changes tune and message …
the message being ultimately, true to form and his history … obama’s full of
s**t! Then again, we can all blame it on that fickle teleprompter! }
INCOMES
DROP MOST IN 20 YEARS... Money
left over after taxes biggest plunge since 1959... Bloomberg:
Don't Panic, USA Has 'Infinite Amount of Money'... President's
plan: $1 trillion in new taxes...
Chicagoland:
New tax puts cigarettes at $11 a pack...
EUROZONE
JOBLESS HITS ANOTHER RECORD... Italy
hits 21-year high... 26.2%
in Spain... Britain
slides toward new recession...
DNC
defaults on DUKE ENERGY 'loan' for convention costs... FLASHBACK:
'First convention in history that does not accept any funds from
corporations'...
Reporter:
'People Waiting For Woodward To Die'...
Florida
man (jeff bush) missing after bedroom swallowed by sinkhole... ...opened
up beneath home 100-FEET
WIDE...
2-28-13
WASHINGTON
MOCKS WOODWARD... Press
turns on one of their own... {
Oooooh! … Greater ‘access’ for the compliant assured thereby is the message! } Andrew Sullivan: He's 'a liar'... Plouffe:
He's getting old... { Come
on! Scientists have just proclaimed 72 the new 30 … truth be told, even
self-servingly I don’t buy that! But really, the truth is that the formidable
Bob Woodward is getting wiser! } WHite House
Threatens Another Journalist
WMAL.com February 28,
2013 Bob Woodward isn’t the only person who’s received threats for airing the Obama
administration’s dirty laundry. It seems anyone is a potential target of the White House these days –
even former senior members of the Clinton administration.
A day after Woodward’s claim that a senior White House official had
told him he would “regret” writing a column criticizing President Obama ’s stance on
the sequester, Lanny Davis, a longtime close advisor to President Bill Clinton , told WMAL ’s Mornings on
the Mall Thursday he had received similar threats for newspaper columns he had
written about Obama in the Washington
Times .Davis told WMAL that his editor, John Solomon,
“received a phone call from a senior Obama White House official who
didn’t like some of my columns, even though I’m a supporter of Obama . I couldn’t
imagine why this call was made.” Davis says the Obama aide told
Solomon, “that if he continued to run my columns, he would lose, or his
reporters would lose their White House credentials.”
} POLL:
Only 6% Rate Media as Very Trustworthy... Internet
edges TV networks as public's source for news... { As it should be! }
GOOGLE/NSA
hoarding $48 billion in cash... Donated
to Honor FTC Chairman While Being Investigated...
GLASS
SASS: 'Using smartphone is emasculating'...
IRS
Furloughs to Begin AFTER Tax Season... Federal
workers vent anger at politicians... Obama
gives Republicans a meeting -- for 7 minutes? Maxine
Waters predicts 'over 170 million' jobs lost... United
States of austerity...
POLL:
Only 6% Rate Media as Very Trustworthy... Internet
edges TV networks as public's source for news... { As it should be! }
White
House pushes high court to support gay marriage... { To support wobama’s prospective second
marriage! Might they also support bestiality unions and hence wobama’s first
marriage thereby? }Big
Sis Regrets Timing of Immigrant Release...
Army
Private Admits Giving Files to WIKILEAKS... Says
USA 'obsessed with killing'... Tried
to pass info to NYT, WASHPOST, POLITICO...
WHITE
HOUSE THREATENS WOODWARD: 'YOU WILL REGRET DOING THIS' {The nigger approach … to elections,
governing, etc., etc. }
Watergate
reporter blasts Obama 'madness'... By Susan Heavey
WASHINGTON | Feb 27, 2013 (Reuters) –
‘Journalist Bob Woodward on Wednesday criticized Barack Obama's handling of
the automatic U.S. budget cuts set to take effect this week, calling the
president's decision to hold back on military deployments
"madness."His comments continued what has become a running dispute
between Woodward, perhaps the country's best-known print journalist, and the
Democratic White House over who is responsible for the across-the-board cuts
scheduled to begin on Friday. Last week, Woodward published an opinion piece in
the Washington Post - where he is an associate editor - saying the
administration was "wrong" to blame the cuts on Republicans…’ WHITE
HOUSE WARNS WOODWARD: 'YOU'RE GOING TO REGRET DOING THIS' { That’s a threat! }'It
makes me very uncomfortable'... WOODWARD: It
was said very clearly, you will regret doing this. } POLITICO:
Exclusive Details... ‘Bob Woodward called a senior White House official last week to
tell him that in a piece in that weekend’s Washington Post, he was going to
question President Barack Obama’s account of how sequestration came about - and
got a major-league brushback. The Obama aide “yelled at me for about a half
hour,” Woodward told us in an hour-long interview yesterday around the
Georgetown dining room table where so many generations of Washington’s powerful
have spilled their secrets… Woodward repeated the last sentence, making clear
he saw it as a veiled threat…’
2-27-13
WHITE
HOUSE THREATENS WOODWARD: 'YOU WILL REGRET DOING THIS' {The nigger approach … to elections,
governing, etc., etc. }
Watergate
reporter blasts Obama 'madness'... By Susan Heavey
WASHINGTON | Feb 27, 2013 (Reuters) –
‘Journalist Bob Woodward on Wednesday criticized Barack Obama's handling of
the automatic U.S. budget cuts set to take effect this week, calling the
president's decision to hold back on military deployments
"madness."His comments continued what has become a running dispute
between Woodward, perhaps the country's best-known print journalist, and the
Democratic White House over who is responsible for the across-the-board cuts
scheduled to begin on Friday. Last week, Woodward published an opinion piece in
the Washington Post - where he is an associate editor - saying the
administration was "wrong" to blame the cuts on Republicans…’ WHITE
HOUSE WARNS WOODWARD: 'YOU'RE GOING TO REGRET DOING THIS' { That’s a threat! }'It
makes me very uncomfortable'... WOODWARD: It
was said very clearly, you will regret doing this. } POLITICO:
Exclusive Details... ‘Bob Woodward called a senior White House official last week to
tell him that in a piece in that weekend’s Washington Post, he was going to
question President Barack Obama’s account of how sequestration came about - and
got a major-league brushback. The Obama aide “yelled at me for about a half
hour,” Woodward told us in an hour-long interview yesterday around the
Georgetown dining room table where so many generations of Washington’s powerful
have spilled their secrets… Woodward repeated the last sentence, making clear
he saw it as a veiled threat…’
2-26-13 ALL
TAX, NO CUT: WILL HE (BOENER) CAVE AGAIN?
Dems
complain about presence of debt clock on Capitol Hill...
2-25-13
Obama's
Paycheck Exempt From 'Sequester'... Taxpayers
Give Big Banks $83 Billion a Year... REPORT:
White House Sells Meetings with Obama for $500k... Carney
dodges... MSNBC,
With Ex-Obama Aides, Now Almost 'Bona Fide Organ of State Propaganda'... Stevens:
Republican revival must go beyond joining TWITTER... Atheists
'face discrimination around globe'...
UK
DOWNGRADED
Firearm
Co's REFUSING Sales to
Gov't Agencies... WOODWARD: Obama fibs on budget cuts... PAPER:
Low-income consumers hit hardest by tax increases... President
Gets Economic Advice from Sharpton... Firefighters
facing possible discipline after appearing with Obama...
PUBLIC
TURNS ON GODFATHER...
CUOMO
MACHINE GOES AFTER STATE WORKER -- FOR TALKING...
ABERCROMBIE
to close 50 stores... Bernanke
downplays new bubble worries... Gas-price
increase is record for S California... TB
Outbreak Hits LA ... 'Streak
Of Light' Spotted Across Skies... Bank
of England closes in on China currency deal... Mervyn King,
Governor of the Bank of England, is on the brink of striking a deal with the
People's Bank of China which would cement the UK's role as the leading G7 trade
hub for the world's fastest growing currency.
}
2-21-13
LIMBAUGH:
FOR FIRST TIME I'M ASHAMED OF MY COUNTRY... 'The cycle, the claims, the threats, the crisis,
Armageddon'... { Little
late to the party for rush as per that Boston song, it’s ‘More than a Feeling’!
}SOOTHE:
Obama holds off-record meeting with top White House reporters... POLITICO
FROZEN OUT AFTER 'PUPPET MASTER' COLUMN... MAG:
Detroit Tops List Of Most Miserable Cities... POLICE:
LA hotel guests bathed, drank from rooftop water tank where body decomposed for
two weeks... 'Water
did have funny taste'... CHICAGOLAND:
Dental health for city's poor 'in midst of collapse'... Woman
Arrested for Having Sex with Pit Bull...
2-20-13
800,000
PENTAGON LAYOFFS... Three-hour
security lines at airport? FOURNIER:
'Mr. President, This is Crazy'... Fed
Officials Divided On Inflationary, Failed Endless Pumping... Desperate
U.S. Postal Service tries to find its 'cool' factor... Jesse
Jackson Jr. pleads guilty to campaign finance fraud... White
Britons are minority in London for first time... Russia
seeks return of adopted boy in US after brother's death... PHOTOS:
Four months after Hurricane Sandy, Jersey Shore still a wasteland... http://albertpeia.com/jerseywasteland.htm }
2-19-13
Sheriff
Warns Of 'Second American Revolution'... REPORT:
Ohio Poll Worker May Have Voted SIX TIMES... ATLANTIC
CITY'S NEWEST CASINO TO FILE FOR BANKRUPTCY... Gas
prices could hit all-time record highs... USDA
to illegals: Don't worry, food stamps won't affect citizenship chances... Thieves
Steal $160K Worth Of Bronze From Mausoleums, Grave Sites... REPORT:
Secret U.S. military flights carried officials, equipment to NKorea... Woman
turns 102; Quits 82-year smoking habit...
SUPER SECRET SPRING BREAK: PRESS
KEPT AWAY The White House press corps is expressing frustration
over its lack of access this weekend to President Obama, who was on a golfing
vacation in Florida. Leading Geneticist: Human
Intelligence Declining... http://albertpeia.com/humanintelligencedeclining.htm FACEBOOK
GETS MULTIBILLION-DOLLAR TAX BREAK CHICAGOLAND:
Feds issue Jesse Jackson Jr. indictment -- while Obama in town to deliver
speech... Obama
Agenda Seen as Dead in Water by Republicans... State
of The Union Viewership Drops 11%... Least
Watched Since 2000... LIMBAUGH:
Obama Will Never Be Held Responsible for Anything... Milbank:
The debauched... Pair
Of Pit Bulls Go Wild, Viciously Attack 4 People In 30-Minute Rampage ... Dog
facelift ends in tragedy... Knut
skinned, fur used for new museum statue...
SEC
Freezes Assets In 'Suspicious' HEINZ Trading... Swiss
Account...
Copper
Thieves Darken Detroit Freeways...
2-08-13
EX-LAPD
WANTED IN COP SHOOTINGS... Left
20-page manifesto on FACEBOOK...
Uncensored... { http://albertpeia.com/niggersmanifesto.htm } Supports
gun control, Obama and Piers Morgan... { Yeah … and venal-la feinstein’s
position on guns too … he seems the perfect fit for DHS (homeland security);
you know, disarm the sane leaving them defenseless while stocking up on heavy
weaponry they and other nut-cases can kill you with … loves O …You can’t make
this stuff up in pervasively corrupt, meaningfully lawless, defacto bankrupt
america http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm }Wrote
online message to Tebow... Two
innocent women shot by police in manhunt... Statewide
'officer safety alert' issued... POLL:
Obama's approval rating collapses; 46%... HA
HA! Ohio Election Official: 'I Voted Twice for Obama'... Kitty
Kelley goes soft in Obama Era... BLIZZARD
NOW DETAILS:
NYC... BOS... RADAR... HISTORIC,
EXTREME SNOW... Winds
near hurricane force... WATCHES/WARNINGS... Long
Gas Lines... 'Panic
Shopping'... Neurosurgeon
Lectures Obama on Obamacare... ( DR. CARSON: ‘Here's my
solution: When a person is born, give him a birth certificate, an electronic
medical record, and a health savings account to which money can be contributed
-- pretax -- from the time you're born 'til the time you die. When you die, you
can pass it on to your family members, so that when you're 85 years old and you
got six diseases, you're not trying to spend up everything. You're happy to
pass it on and there's nobody talking about death panels. Number one. And also,
for the people who were indigent who don't have any money we can make
contributions to their HSA each month because we already have this huge pot of
money. Instead of sending it to some bureaucracy, let's put it in their HSAs.
Now they have some control over their own health care.’) { Sounds smart, good,
and rational to me! }
2-07-13
Panetta: Obama Absent Night of Benghazi... Hillary
AWOL... GENERAL:
'We Never Received a Request for Support'... 86-Year-Old
Woman Uses Gun on Intruder... Currency
Wars Return, 1930s Style... Fed
Has Bought More U.S. Debt This Year Than Treasury Issued... LaHood:
'America is one big pothole'... Top
London Properties Now Worth More Than All Rest of UK...
2-06-13
Obama
drone strike killed 16-year-old born in Denver... DOJ:
'LEGAL'... O:
HOW I LEARNED TO LOVE THE DRONES Harry
Reid caught lying about '$2.6 trillion' in cuts passed by Senate... REPORT:
FBI's underage prostitution probe of Bob Menendez moves to NJ... Panetta
to propose military pay cut... Obama
raised Joe Biden's salary... DIE
HARD: Bruce Willis Fights Gun Control... George
Zimmerman family 'threatened by niggers,' requires security, on the move...
2-05-13
CHICAGOLAND:
Police To No Longer Respond Immediately To Burglaries, Car Thefts... Flash
Mobs Turning Into Epidemic On NYC Streets; NYPD Powerless... 3
People Stabbed On NYC Subway Platform... Basketball
Coach Shoots Attackers...
(WXYZ) - Police sources tell 7 Action News that a women's basketball
coach from Martin Luther King, Jr. Senior High School shot two men who attacked
him as he was walking two basketball players to their cars in the school
parking lot.CLICK
HERE FOR THE LATEST UPDATES Police sources say the coach was
walking the two girls to their cars when two men allegedly approached and one
pulled out a gun and grabbed him by his chain necklace. The coach then pulled
out his gun and shot both of them, according to sources.The man who shot the
attackers was 70 years old, according to police.One of the attackers was found
dead in the median on Lafayette Boulevard, and the other was taken to a local
hospital, according to police sources. We've learned that both of the men had
attended the high school, and one had been recently expelled. Read more: http://www.wxyz.com/dpp/news/man-shot-near-martin-luther-king-jr-high-school-in-detroit#ixzz2K4VUwpF9 CBO: Obamacare will cost 7 million workers healthcare coverage... Gas prices
hit all-time record high for early Feb... 8,830,026:
Americans on Disability Hits New Record... Sheriff
Joe's credit-card info stolen, used at Chicago grocery store...
2-04-13
Justice Department to sue Standard & Poor's... FLASHBACK:
S&P downgrades U.S. credit rating... Rev
Jackson calls for Homeland to patrol Chicago... 'Worse
than Capone gangland days'... CHICAGOLAND:
Cops Shut Down Prostitution 'House Of Horrors'... COPS:
Teen throws boy, 9, off roof... http://albertpeia.com/negroesatplay.htm REPORT:
Fourth flight to Dominican by Dem Sen raises new questions... Home
state newspaper casts doubt on Menendez... PROSTITUTE:
'THEY THREATENED THOSE GIRLS'... OBAMA:
'NO DOUBT' WE NEED MORE NEW TAXES... Gasoline
costs take biggest share of household income in three decades... STOCKS
TAKE WORST ONE-DAY DROP THIS YEAR... UPDATE:
POWER GOES OUT AT DOME DURING GAME... {AP1-23-13: No! I didn’t watch the monkey bowl nigger
show at half-time, and only parts of this year’s monkey bowl. Wow! San franny,
on their fanny, should give former san fran mayor, venalla feinstein a call to
send in the big guns before she bans them. Whoops…need to break the momentum of
rival of niggertown favorite, san fran so power outage in niggertown new
orleans…definitely hurricane katrina’s fault…riiiiight …better give nigger ray
nagin a call to get things back up and runnin’…whoops, no can do – nigger ray’s
just been indicted ( http://www.nola.com/crime/index.ssf/2013/01/a_breakdown_of_the_payments_to.html ) …Besides, this is a great way to level
the playing field for the hometown nigger purse-snatchers…you know, lights out
and all. Actually, I truly am rooting for the ravens, but not much…reason? To
thwart this year’s egregious wall street fraudulent, manipulated ‘january
effect’ superstition; viz., an AFL team nigger bowl win means according to
mental case wall street superstition, bear market/bad stock market (actually,
‘sell now before may and go away’ is the apposite axiom regardless who wins).
This is the last monkey bowl I’ll be watching even part of. If you’re rooting
for san Francisco, be sure to where some flowers in your hair. This was the
sh**iest monkey bowl I’ve ever seen even a part of! }
2-01-13
UNEMPLOYMENT
RATE BACK UP TO 7.9%... ASSOCIATED
PRESS: 'mostly encouraging'... 8,500,000
Americans Left Labor Force In Obama's First Term... POOF:
Another 170,000 disappeared in January... Retail
Workweek Hits 3-Year Low... Massive
revisions to earlier numbers... Gas
prices to top $4 again... IRS:
Cheapest Obamacare Plan Will Be $20,000 Per Family... Obama
Admin Delays Keystone Pipeline Decision Another 6 Months… SUICIDE
BOMBING AT U.S. EMBASSY... Eighth
Embassy Attack During Clinton Reign... REID
BACKS MENENDEZ AMID UNDERAGE PROSTITUTION CHARGES... Long
before FBI raid, NJ senator tried to help donor's Dominican Republic
business... Bob
dodges press... PROSTITUTE:
Senator 'likes the youngest and newest girls'... CHICAGOLAND:
Murderer Mistakenly Released From Prison... Driver
shot to death on Lake Shore Drive ramp... Tawana
Brawley served with court order to pay man she accused of rape in 1987 http://albertpeia.com/rememberingtawanabwana.htm
1-31-13
IRANSYRIA
THREATENS TO RETALIATE AGAINST ISRAEL... Syria:
Israel Struck Military Site... Russia:
Unacceptable... UN:
Israel Must Withdraw From Judea... Settlements
'violate Palestinian rights'...
MISSION
ACCOMPLISHED: OBAMA ENDING JOBS COUNCIL... Jobless
claims rise sharply... 'Sandwich
Generation': 1 in 7 supporting parents, kids... HARRY
REID: 'We are in a recovery'... Automatic
Budget Cuts More Likely as Stances Harden... Pension
insurer warns of rising deficit... Dollar
at 14-Month Low vs Euro... FED:
KEEP PUMPING...
Hispanics
set to overtake whites in CA...
POLL:
67% of Texas Republicans Want Obama Impeached...
Menendez:
I Reimbursed Donor $60K For Dominican Trips... PROSTITUTE:
New Jersey Senator 'likes the youngest and newest girls'... Ties
to Clintons... MORE
HOOKERS COME FORWARD... Could
face 30 years...
1-30-13 SHOCK:
ECONOMY SHRINKS
GDP
-0.1%... Santelli:
'We Are Now Europe'... Job
market booming at IRS... DEMS: BEST LOOKING CONTRACTION YOU'LL EVER SEE... Automatic Budget Cuts More Likely as Stances Harden... Pension insurer warns of rising deficit... Dollar at 14-Month Low vs Euro... FED: KEEP PUMPING...
CHICAGOLAND:
15-Year-Old Who Performed At Obama Inauguration Shot Dead...
City
murders more than double Afghan death toll... Records
Deadliest January In 11 Years...
1-29-13 Faber:
Better Enjoy Market Rally While You Can... USA
debt headed toward 200 % of GDP -- even
after fiscal cliff deal! CHARLIE
DANIELS: Nanny State Policies of this President Will Result in 'Chaos and
Bloodshed'... Benghazi
my greatest regret... Republicans
like terrorists... SENATOR:
'hillary clinton got away with murder'... White
slaves, black slaveowners in new play...
1-28-13
Feinstein: NRA is 'venal'... ast.} Government
Officials Can Still Own Assault Weapons Under Feinstein Bill... O: 'I
GO SHOOTING ALL THE TIME' BIG
SIS TO PURCHASE 7,000 'ASSAULT RIFLES'... BLOOMBERG
REFUSES TO DISARM
Warning from David Mamet...
(NIGGER)LAND OF LINCOLN
downgraded... Rated 'worst'
state in country...
CHICAGOLAND: 7 MURDERED IN
SINGLE NIGHT... Mother loses 4th child to
shooting...
Detroit's ex-mayor back in
jail... Treasury
skewered for doling out 'excessive' CEO pay packages after bailouts... Argentina
and Iran form 'Truth Commission'... Israel
warns of possible pre-emptive strike in Syria...
Key
facility hit? Kissinger:
Iran nuclear crisis close... [ Kissinger Predicts Nuclear War with Iran { This would be a zionist wet dream come
true! And, a disaster for literally everyone else, particularly for pervasively
corrupt, defact bankrupt America whose prior orwellian pro-israeli moves have
not turned out well for anyone including america except for israel, the war
profiteers and the military industrial complex as warned against by the
underrated but great president General Eisenhower! } Kurt Nimmo | Characterizes looming conflict as “a
turning point in human history.” {
Riiiiight! That along with other pro-israeli, u.s.-bankrupting contraindicated
positions. The israeli lobby doesn’t even have to pay kissinger for such folly!
How ‘bout the turning point being the misguided balfour declaration and the
subsequent existing 200+ illegal israeli nukes! } Video: Globalist Kingpin Predicts Nuclear War with Iran Prison
Planet.com | Globalist kingpin, renowned war criminal and Rockefeller
co-conspirator Henry Kissinger is talking up a nuclear conflagration. {
Riiiiight! That along with other pro-israeli, u.s.-bankrupting contraindicated
positions. The israeli lobby doesn’t even have to pay kissinger for such folly!
How ‘bout the turning point being the misguided balfour declaration and the
subsequent existing 200+ illegal israeli nukes! } ]
1-25-13 COURT TO OBAMA: ABUSE OF POWER
HOLDER
MOVES ON GUNS... Communist
Party USA cheers...
UK
heads for unprecedented 'triple dip' recession...
Feinstein
Gun Control Bill Would Exempt Government Officials... Lacks Dem Votes to Pass Dem Senate... REPORT:
Stricter gun laws fail to drive down gun-crime rates...
'MENTAL
HEALTH CHECK'
AMERICAN
IDOL Racism Row: Nine Black Rejects Sue FOX Show... http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm }
1-24-13
GALLUP:
Obama's Fourth Year in Office Most Polarized In History... BUCHANAN:
Obama has hijacked the American Revolution...
Fed's
Holdings of U.S. Gov't Debt Hits Record $1,696,691,000,000 -- Up 257%!
APPLE
STOCK ROTTEN...
Number
of Sheriffs Refusing to Enforce New Laws Snowballs...
Zuckerberg
to fundraise for Chris Christie...
Assange
Calls DREAMWORKS' WikiLeaks Movie 'Massive Propaganda Attack'...
I
Will Implement 'President Obama's Vision For The World'...
1-23-13
APPLE
Earnings Disappoint... STOCK
PLUNGE... 'Broken
Company'...
EMOTIONAL
ROLLERCOASTER... Hillary
Refers to 'ARGO' in Explaining Benghazi... Shouts:
'What Difference ... Does It Make?!'
NYC
On Pace For 100 Subway Deaths In 2013...
DOMINATE:
GOOGLE Complies With Government Requests for User Data 88% of the Time...
UPDATE:
Inauguration Viewership Down -- Almost 50%!
1-22-13 Taliban:
Prince (harry) has 'mental problem'... Attenborough:
Humans are plague on Earth... Japanese
minister: Let elderly people 'hurry up and die'... Environmental
advocate launches campaign to ban cats as pets... Post Office cuts threaten
source of black jobs... problems, in large part …takes two or three
niggers to do the same work of one non-nigger, they are so lazy and
unproductive. The niggers are also error prone, and don’t give a hoot that they
are. ‘That Detroit workforce’ has done wonders for america’s auto industry. }699
teleprompter speeches, 83 days of vacation... REPORT:
ALL HOSTAGES DEAD IN ALGERIA RANGEL:
'Some of the Southern Areas Have Cultures We Have to Overcome'...
1-18-13
Fact
Checker's 'Lie of the Year' Turns Out to Be TRUE... Given
PolitiFact's dubious
record of singling out Republicans for lying far more often than Democrats, you
probably could have guessed the winner of this particular sweepstakes was a
Mitt Romney campaign ad:… [Mitt Romney] Says Barack Obama "sold Chrysler
to Italians who are going to build Jeeps in China" at the cost of American
jobs…’ TRUE!
BIG
EASY: NAGIN INDICTED ON CORRUPTION CHARGES... Money
laundering, bribery, fraud, MORE...
GALLUP:
O 49% APPROVE...
FBI:
Man robbed Alaska bank at hammerpoint... Woman
With Baby Brutally Stabbed Inside BED BATH & BEYOND... SHOCK:
Robber Beats Clerk With Hammers... Woman's
face slashed by razor at mall...
1-17-13
'(0)HIGH(0)
ON HIS POWER'
NOONAN:
Obama overplaying his hand... }
REPORT:
Hostages held in Algeria killed... REPORT:
Four freed... BLOODBATH:
Helicopters strafe gas plant in desert... Fate of 7 Kidnapped Americans Unknown... Hostages
'made to wear explosives'... Gunmen
dubbed 'Signatories for Blood'... Attack
planned BEFORE French strike in Mali?
Fast
And Furious: Man Claims To Have Shot U.S. Border Patrol...
CHRISTIE:
NRA Ad 'Reprehensible'... 129
DAYS LATER: FBI DIRECTOR IN LIBYA FOR BENGHAZI INVESTIGATION... There isn’t
anything about america that’s not ultimately, in the final analysis,
criminal/totally fraudulent! Germany
Starts a Central Bank Run http://albertpeia.com/trustingamericainsanity.htm }
CHICAGOLAND:
Teen killed at end of high school basketball game... Homeless
strangled to death over shoplifting toothpaste...
Report
questions food stamp program effectiveness...
WHOLE
FOODS CEO: Health care law 'like fascism'...
1-16-13
LET'S
PLAY TAKE THE GUNS
Obama
using gun issue to advance health law...
FLASHBACK:
Tyrants Who Have Used Children As Props... Gov.
Perry: Using Massacre of Children to Advance Agenda 'Disgusts Me'... Presses
doctors to ask patients about guns... Orders
research on media... RUBIO:
Abuse of executive powers... 23
'Executive Actions'... After
Speech: 'Par-TEE!'
SECOND
CONGRESSMAN SUGGESTS IMPEACHMENT... BROWNSTEIN:
Expect Obama to Get EVEN MORE Aggressive... Gun
stocks soar... HURT:
Personal liberty under fire...
THUGS
BRUTALLY BEAT TOURIST ON GREENWICH VILLAGE STREET USING BAT, TIRE IRON { If
only the tourist had a gun! }...
PAPER:
Time to start switching out of US assets...
13-year-old
girls beat woman at bus stop 'for fun'... Girl
gang hails cab, then chokes, robs driver... ( Uncivilized niggers, of course! ){ CHICAGO (FOX 32
News) – ‘The Chicago Police Department has issued an alert in the 2nd District
of Wentworth for several armed robberies that have occurred during the month of
January.The offenders, described as six to seven African American females with
a light completion between the ages of 16 and 20, enter cabs in the Loop. Upon
arrival to their destinations on the South Side, one of the girl chokes the
driver with a rope or cord, while another threatens the cab driver with a
knife, demanding cash. Authorities say the group then jumps out of the
cab… Read more: http://www.myfoxchicago.com/story/20546398/alert-group-of-girls-sought-armed-robbery-cab-drivers?obref=obinsite#ixzz2ICcZA7FJ Indonesian
judge jokes that victims may enjoy rape...
1-15-13
Citizens
File Articles of Impeachment Against Obama...
REDDIT
Founder's Father: 'Aaron...Was Killed by the Government'...
NRA
Ad: Obama Is 'Elitist Hypocrite'...
Cuomo
Quickly Signs Into Law To Avoid Run... Corleone
apologizes for decades of Mafia murders... MORE
DEATH ON NYC SUBWAY...
RAND
PAUL: 'Having a monarch is what we fought the American Revolution over'...
Reporter
Mocks Carney: 'I'm Not Going to Indulge Your West Wing Fantasies'...
Fitch
may downgrade U.S. credit rating... Long-Term
Unemployment Highest Since World War II... Welfare
spending to rise 80% in next decade... HOUSE
SPENDS $50B ON SANDY AID... { Replaying
Chris Christie's Epic Anti-Boehner Meltdown ZH { The bigger, fatter, more rotund question everyone’s
asking is, will they ever be able to put humpty dumpty back together again? The
newyork/jersey/conn tristate national drains (huge wall street frauds,
organized crime, and all etc.) feel slighted; yet, how can you miss him? I’ve
been waiting far longer for resolution to the corrupted process regarding funds
due and owing to me from primarily the corrupt tristate region, the beltway’s
no.virginia, and banana republic extraordinaire (the entire nation’s become
one, but caleefornia takes the cake) california. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm }
White
House to miss budget deadline; Breaks law...
Workers
raiding retirement funds to pay bills...
Reid
denies involvement in Utah businessman scheme... SALT LAKE CITY
(AP) — Senate Majority Leader Harry Reid 's office said
Monday he was never involved in a deal to have a Utah businessman pay the
senator to make a federal investigation disappear…’
Sounds very american to me; the bribes part, pay to play, etc.; that’s what I’ve
seen, and worse… http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm }
1-14-13
LIMBAUGH:
President positions his political opponents as the enemy... LEVIN:
'We Have An Imperial President'...
Michael
Savage: Don't trust feds on flu shot... etc., despite america’s
defacto bankruptcy and the unaffordability of same), despite their unequivocal
incompetence and venality. In fact, stepping back, I have seen first hand those
siding with/benefiting from (and the encouraging of more crime), ie., RICO
defendants et als, actually rewarded by the pervasively corrupt/defacto
bankrupt american system (ie., trumps, alito, fed slugees, etc., essentially a
combination of and tantamount to what is essentially hush money, bribes, etc.).
Pervasively corrupt, defacto bankrupt america is a failed meaningfully lawless
nation of marauders/thieves that no longer even remotely resembles what it
purports to be and arguably once was. Armed
Robberies Spike Following Game... http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm
CONGRESSMAN
WARNS OBAMA: IMPEACH YOU
{ http://albertpeia.com/wasntbornintheusa.htm http://albertpeia.com/obp.jpg http://albertpeia.com/impeachobama.htm }
White
House readies 19 executive orders on guns...
1-11-13
WAIT! MY TAXES WENT UP TODAY?
RADIO WAVES: Hannity:
States could leave union if feds continue 'radicalized, abusive' pattern... Levin:
'I Can Barely Contain My Fury At What Is Going On'... Michael
Savage: 'Nationalist' third party to challenge Republicans...
Obama
gives himself lifetime protection with armed guards 24/7... FLASHBACK:
Obama opposed bill to allow person to use gun to save own life in own home...
1-10-13
NRA
RANKS SOAR... Obama
'agenda to attack Second Amendment'... CLASH... GOOGLE
searches for 'Hitler gun control' spike... Biden
Hints at Outlawing Unregulated 'Private' Sales... WY
Lawmakers Propose 'Gun Protection' Legislation to Thwart... Kirchner
attacks Falkland Islands 'invaders'... Invaders indeed! Time to call british spades, spades! We fought a
revolution after so doing! Some more brit reality: 18
Facts That Prove That Piers Morgan Is Flat Out Lying About Gun Control http://albertpeia.com/piersmorganlyingaboutguncontrol.htm }
'THE
RIGHT OF THE PEOPLE TO KEEP AND BEAR ARMS, SHALL NOT BE INFRINGED'
Obama's
81% Support in New York City Best in 114 Years...
SHRINK:
We are creating 'generation of deluded narcissists'... http://albertpeia.com/deludednarcissists.htm ‘…We must
beware of the toxic psychological impact of media and technology on children,
adolescents and young adults, particularly as it regards turning them into faux
celebrities—the equivalent of lead actors in their own fictionalized life
stories…’ }
1-9-13 'THE
RIGHT OF THE PEOPLE TO KEEP AND BEAR ARMS, SHALL NOT BE INFRINGED'
WHITE
HOUSE THREATENS 'EXECUTIVE ORDERS' ON GUNS... 'The
president is going to act'... BANG
BANG: CUOMO TO ANNOUNCE SWEEPING GUN LAWS... Hysterical
governor expects rest of country to follow... 'No
One Needs 10 Bullets To Kill A Deer!!' NRA
President Fires Back... Clinton
Turns Tech Speech Into Gun Rant... Iowa
lawmaker calls for confiscation... CT
lawmaker calls for background checks to buy ammo... Gun
sales soar in Atlanta... 'Folks
are grabbing just about any they can get hands on'... Utah
town to encourage arming households... Ted
Nugent unloads... PANIC:
One Million AR-15 Magazines on Backorder... Police:
Store clerk's gun beats thief's cattle prod... PRAVDA:
America, 'Never give up your guns'...
New
fiscal crises near -- Dems seek more tax increases...
REPORT:
1 in 4 children on food stamps...
Obama's
81% Support in New York City Best in 114 Years...
SHRINK:
We are creating 'generation of deluded narcissists'... http://albertpeia.com/deludednarcissists.htm ‘…We must
beware of the toxic psychological impact of media and technology on children,
adolescents and young adults, particularly as it regards turning them into faux
celebrities—the equivalent of lead actors in their own fictionalized life
stories…’ Read more: http://www.foxnews.com/opinion/2013/01/08/are-raising-generation-deluded-narcissists/#ixzz2HXlpfElS
1-8-13
UNTOUCHABLE:
MF GLOBAL judge nixes group's bid to depose Corzine... { Pervasively
corrupt, defacto bankrupt in every way, fallen america is so far gone they no
longer even bother with pretense! }
CONGRESSMAN
FLOODED WITH CALLS ON GUN CONTROL: 9-TO-1 AGAINST...
France
bumps drunk-driving charge up to criminal court for tax exile Depardieu...
Alex
Jones vs. Piers Morgan: '1776 Will Commence Again If You Try To Take Our
Firearms'...
REPORT:
BANK OF AMERICA Freezes Gun Manufacturer's Account...
Armed
Robberies Spike Following Game... : ‘bad guys (criminals) with guns can only be stopped by good guys with
guns’. Moreover, I would add that criminals will always have (and have access
to getting) guns. To strip the good, the innocents of their like defense
against same is insanity. I hearken back to and reiterate the (famed NRA truism
and) reality that it’s ‘people that kill people’ and the numerous examples he
gave of armed defense being the only real, true protection for those in need,
as ie., children, etc., of protection from the nefarious elements of our
increasingly less than civilized society. Let me also add from direct
experience, if you’re relying upon, ie., the feds and (corrupted) process, to
protect and save your property, life, liberty and happiness consistent with
rules of law and civilized behavior … then, you’re finished/done/dead! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm
1-7-13
Alex
Jones vs. Piers Morgan: '1776 Will Commence Again If You Try To Take Our
Firearms'...
REPORT:
BANK OF AMERICA Freezes Gun Manufacturer's Account...
Armed
Robberies Spike Following Game... : ‘bad guys (criminals) with guns can only be stopped by good guys with
guns’. Moreover, I would add that criminals will always have (and have access
to getting) guns. To strip the good, the innocents of their like defense
against same is insanity. I hearken back to and reiterate the (famed NRA truism
and) reality that it’s ‘people that kill people’ and the numerous examples he
gave of armed defense being the only real, true protection for those in need,
as ie., children, etc., of protection from the nefarious elements of our
increasingly less than civilized society. Let me also add from direct
experience, if you’re relying upon, ie., the feds and (corrupted) process, to
protect and save your property, life, liberty and happiness consistent with
rules of law and civilized behavior … then, you’re finished/done/dead! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm
UNHAPPY
KINGDOM: DISNEY considers new layoffs... Dem:
Christie May Have 'Prayed' For Hurricane To Cover Up Failed Policies...
China
media stand-off with censors escalates... Protests
widen...
1-4-13
GALLUP:
OBAMA APPROVE FALLS BACK TO 50%...
Merkel
pictured with blacked-up children...
Barney
to Be Senator Frank? Guess he just
wants to repopularize that all-american haircut, the pageboy! }
1-3-13
USE
IT OR LOSE IT DEBT
HITS $16,432,706,000,000.00
NYC
Pol Slams Pork in Sandy Aid Bill...
Lobotomy
Joe Biden gets frisky with senator's wife... 'Spread
your legs -- you're going to be frisked'... Deploys
strange accent to welcome family of Senate's only black member... New
Delhi Gang Rape: Youngest Attacker 'Ripped out Victim's Intestines with Bare
Hands'...
French
anti-tax hero Depardieu gets new citizenship -- from Russia!
Marine
Warns Feinstein: 'I will not be disarmed'...
1-2-13
House
votes to keep pay freeze for lawmakers, federal employees; Overturn Obama
executive order...
'Fiscal
cliff II' showdown set for February...
Senate Received 154-Page Bill Only 3 Minutes Before Voting on it... { Time to implement term limits across the
board, no exceptions! }MONEY'S
NO OBJECT: Obama heads back to Hawaii -- at taxpayer cost of $7 million... Left town without signing bill!
Boehner
to Reid: 'Go F*** Yourself'... Obama
vows more tax hikes: 'We can't cut our way to prosperity'... NASCAR
PARTY FAVORS BURIED IN 'CLIFF' BILL... MILLIONS
FOR RUM PRODUCERS... $59 million for algae growers... HOLLYWOOD
GETS BREAK... ...AFTER
RECORD BOXOFFICE YEAR AFGHAN
WARLORD: PRINCE HARRY IS 'JACKAL KILLING INNOCENTS'...
12-31-12 Warren
Buffett kills newspaper, fires 72 workers...
OBAMA
TO GO FOR GUNS... Dem Sen: 'Mr. and Mrs. America, turn 'em all in'... CHICAGOLAND:
Bank Robberies Nearly Double In 2012...
GALLUP:
Disapproval of Obama Has Climbed 5 Points Since Christmas...
VIDEO
MOCKS STARS FOR DEMANDING GUN RULES... ***GRAPHIC***...
OBAMA
SIGNS RENEWAL OF WARRANTLESS WIRETAP LAW -- BEHIND CLOSED DOORS... Oliver
Stone: 'USA has become an Orwellian state'... Activists voice dismay as
Senate renews government surveillance measure... Judge rebuffs feds' secret
arguments on no-fly list...
Congressman
Moves to Block Obama's Congressional Pay Increase...
OVER THE
CLIFF WE GO!
DRAMA:
Clinton in hospital with blood clot... DOCTOR:
Danger 'depends on where it is'... Worried
about 'other issues associated with concussion'... NBC
reporter: 'Clots from concussions can't be treated with blood thinners'... Has
not been seen in public for 3 weeks... Conspiracy
theories abound... Subdural
hematoma?
12-28-12 Oliver
Stone: 'USA has become an Orwellian state'... Activists
voice dismay as Senate renews government surveillance measure...
Pay
Raise for Biden, Members of Congress, Federal Workers...
Bloomberg:
Keep 2 subway push deaths in perspective... Crime
Up, Blames iPhone Thieves...
$1
Trillion Obamacare Tax Hike Hitting on Jan. 1...
US
Soldier Suicides Outnumber Combat Deaths In 2012...
TOP
GUN: Chicago hits 500 murders in 2012... 'Unfortunate'...
12-27-12 OVER
THE CLIFF WE GO! OBAMA
SENDS SOS TO HILL... House
to Return Sunday... Deal
'virtually impossible' before New Year... Finger-pointing...
FEINSTEIN
BILL REQUIRES 'GRANDFATHERED WEAPONS BE REGISTERED' { Only the criminals are
excepted and exempted; particularly in crime-ridden california! } ...
12-26-12 $16.4
Trillion in Federal Debt...
'Disabled'
Workers Hit New Record in December: 8,827,795... Social
Security Program Ran $47.8 Billion Deficit in 2012...
POSTAL
WORKER ARRESTED FOR STEALING MAIL, IDENTITIES...
Hollywood
Studios Employees Caught Pirating Films...
UPDATE:
Man shot over new pair of Air Jordans dies...
12-24-12 Spending
to Increase 55% Under Obama's Plan...
Lawmakers:
We're Likely to Go Over 'Cliff'... ...
finger-pointing Impasse
Turns to Senate... Obama
turns to golf in Hawaii...
School
Obama's Daughters Attend Has 11 Armed Guards...
12-21-12 NRA LaPierre: Hollywood,
media, music, violent videos cause culture of violence... tragic scenario), along with the reality
that crime in america pays, and pays well, and is largely protected at the
highest levels. That said, I still oppose any and all censorship (a ‘slippery
slope’ in a country now as this, best not tread on) to the extent that’s
inferred from LaPierre’s cogent speech; though I believe it a stretch for
anyone to have reasonably gleaned that from his words so eloquently put. I read
the text of his entire speech as he made it. I believe he was correct in every
significant respect; importantly, and simply put, ‘bad guys (criminals) with
guns can only be stopped by good guys with guns’. Moreover, I would add that
criminals will always have (and have access to getting) guns. To strip the
good, the innocents of their like defense against same is insanity. I hearken
back to and reiterate the (famed NRA truism and) reality that it’s ‘people that
kill people’ and the numerous examples he gave of armed defense the only real,
true protection for those in need, as ie., children, etc., of protection from
the nefarious elements of our increasingly less than civilized society. } NRA’s Wrongheaded Response to Sandy Hook Violence Infowars.com | NRA Executive Vice President calls for more cops in schools and a
government database of the mentally ill.
{ The following ‘rebuttal’ from Infowars is not entirely unreasonable
but I believe relies too much on the presumption of sanity among the american
masses: ‘…LaPierre also announced a NRA model security program of armed
volunteers to guard schools. He said Rep. Asa Hutchison, R-Ark., will lead the
program for the lobbying organization. While the idea of armed citizen volunteers protecting schools is
reasonable, the call for adding more police is not. The presence of police in
public schools has created a number of problems – from tasering and handcuffing students to shooting them to death – in addition to fostering a prison-like environment [if the ‘shoe
fits’]. As for creating a government database of people suffering from mental
illness and then presumably denying them Second Amendment rights, this is a
dangerous idea begging for government abuse [as was so in the former communist
soviet union of old]. If the state is allowed to determine what mental illness
is and who suffers from it, large numbers of people will undoubtedly have their
right to own firearms denied (like veterans suffering from PTSD are denied their rights). It looks like the NRA is merely passing the
buck on this issue and once again relying on government to devise solutions
[this is an unfair criticism by infowars inasmuch as the NRA are not elected
officials although, truth be told, as evidenced in the past election, u.s.
elections are a total joke and are indeed ‘rigged’ – then there were as well
the unprecedented terrorist threats of violence/rioting by the typically
uncivilized niggers ( note that wobama, a nigger himself, registered no
objection to those threats and intimidation – the uncivilized niggers having
their way now with purported ‘civilized institutions’ – don’t forget the crime
stats wherein niggers are the undisputed leaders by far ) as well as voter
fraud, and incumbents did not want to rock their boat, aka ‘the uss titanic’ ].
The solution to public school violence is really quite simple – citizens must
be fully empowered to exercise the right to self-protection and the protection
of their families (defense is a natural right that has nothing to do with the
real reason the Second Amendment was established). This right to
self-protection cannot be denied by “gun free zones” that are in essence self-defense
free zones…’ } American Dream Fades for
Generation Y Professionals... House Republican members
circulate plan to oust Speaker Boehner... {12-18-12 BOEHNER ADOPTS PELOSI PLAN... What
In The World Are Barack Obama And John Boehner Thinking? http://albertpeia.com/2dummiesinovertheirheads.htm
12-20-12 APOCALYPSE
NOW! APOCALYPTO:
Panic spreads ahead of Mayan prophecy... The Population Control Agenda
Of The Radical Humanists Who Would Love For You And I To Die http://albertpeia.com/allfornaught.htm [ And such would
be all for naught, in any event. CNN: Your
Behavior Will Be Controlled by a Brain Chip Paul Joseph
Watson | Smart phone will be implanted within 75 years. { 75 years? This
world ain’t got 75 years … decades at best! For those
‘glass-half-full-reality-be-damned’ types, the bright side is that there will
still be that desolate ‘third rock from the sun’; which, like ‘old man river’,
will just keep rollin’ along (around the sun). } ] }
Communist
Chinese Government Calls For Americans to be Disarmed...
Putin
goes on offensive against USA...
Thousands
Wait In Line For Days For Free Holiday Food Bags...
SEASON'S BEATINGS: Man
charged for MCDONALD'S cheeseburger rage incident... COPS:
Minister Peppersprayed, Robbed In Broad Daylight On Philly Street... Woman
attacked with feces-filled sock on train... 'Furious
diner' sets fire to DENNY'S Christmas tree... Cops
pepperspray unruly crowd after brawl over Air Jordans...
Video:
Girl, 8, caught taking packages from neighbors' doorsteps (they start young in
america) ...
12-19-12 Gov't
announces GM 'exit strategy' ... taxpayers to lose billions! 50%
Loss!
Clinton
accused of faking illness to avoid Benghazi testimony...
Reporters
Criticized for Not Following Script at White House News Conference... President
Uses Sandy Hook Massacre to Push Tax Hikes...
Sen.
Feinstein: ZERO DARK THIRTY 'dangerous'... Reid
Adjourns Senate for Viewing of LINCOLN...
12-18-12 BOEHNER
ADOPTS PELOSI PLAN... TAXES
GO UP ON RICH NOW, CUT SPENDING LATER... White
House rejects... VIDEO:
Boehner says will protect as many taxpayers as possible... Debt
has increased $18,944 per household under his leadership...
MAG:
DRUDGE 'racist' after movie quotes?
12-17-12 MORE
TAXES, MORE DEBT
FOREIGN
HOLDINGS OF US DEBT HIT RECORD $5.5 TRILLION... Up 78% under Obama!
12-14-12 SLAUGHTER
OF INNOCENTS
MEDS?
Shooter suffered from 'personality disorder' ... 'Obviously
not well'... { 20 children, 7 others dead in school shooting Marketwatch
{ From the previous day, pre-shooting I posted : Don’t Let Your Child See a Psychiatrist. Jon Rappoport
{ In light of his expressed fear, psychologists can’t prescribe
medication – though that’s changed somewhat in some states. Rappoport must
realize that some parents, nuttier than fruitcakes particularly in america,
might be the problem. Who then does the troubled child turn to?} That said, Every human emotion now classified as a mental disorder
in new psychiatric manual DSM-5 Mike Adams { Well, I gotta tell ya … if the
shoe fits, wear it … the reality is that the prevalence of mental
disorders/mental illness in america is so great that reactions as those of mike
adams (including shooting the messenger) are not unexpected; but, must be
discounted. After all, insanity or close to it has indeed become the new
normal, shaded/obscured somewhat by what’s deemed simple inherent criminality
which masks the underlying ‘americinsanity’. } Intelligent
and Shy... *Brother
has told investigators that Adam was 'autistic'... Dozens
Dead At School... District
Had Just Installed New 'Safety' Protocols... 8-year-old
says teacher saved him... Screams
'over intercom'... Four
weapons recovered... Scene
'atrocious'... Newtown,
CT Described as 'Adorable Little Town'... ALEX
JONES: 'THE FIX IS IN, THEY'RE COMING FOR OUR GUNS'...
DOMINO'S
PIZZA founder sues feds over Obamacare...
Atlanta
mayor grants 50% pay increase for city council!
OBAMA
TO STONERS: WE'RE COOL... Choom gang-banger wobama is about as cool as
s**t moving downhill … ‘social’ drugs as marijuana, blow to a lesser extent,
hashish (heroin, speed, barbiturates, etc., are definitely uncool, sticking
with the limited stoner terminology, dudes) are neither cool nor uncool … as
plebian as a glass of wine, champagne, beer, scotch, etc., after a week’s hard
work only, at best a somewhat decadent indulgence; at worst, as with all
indulgences, literally potentially destructive and negative if in excess … Far
from special, anyone can do them … [Truth be told, within weeks (ie., usually
4-6 weeks) of ie., important exams (it’s also ‘lamentably’ true I was a
‘quick-study’ crammer but blessed with a great memory facilitating same without
detriment thereby, providing for/enabling ‘balance’), I abstained from
marijuana owing to the somewhat limited, lingering persistence of same in the
fatty tissues including the brain affecting retention, etc.. ] Wobama’s Choom Gang Bangin’ {
This brief video (11 mb) is well done and worth a watch! http://www.albertpeia.com/wobamaschoomgangbangin.wmv }
12-13-12 Senate
Report: Harsh CIA Interrogation DID NOT Lead To Intelligence Gains...
Only 15
States Opt to Run Obamacare Exchanges...
Violent
'Grinch Gang' Ransacking Upscale Suburban NYC Homes...
Pelosi
Accuses GOP Of Lack Of Concern For Kwanzaa...
DETROIT'S
DECLINE: 34.5% on Food Stamps, 45.7% Not in Labor Force...
BUDGET
DEFICIT SKYROCKETS TO $172B IN NOV, UP $52B FROM OCT...
PUMP
DELUXE: Federal Reserve to spend $45B month to buy bonds... { It’s really quite amazing that the so-called economic
experts, ie., economists, financial/securities analysts, CEO’s, etc., are so
economically challenged so as to believe beyond the self-interested ‘swallow’
(ie., paper inflation, etc.) that somehow printing/creating ever more
worthless/debased paper fiat currency will in some way create real value,
production, jobs, etc., as opposed to
the destructive mechanism along with nefarious dislocations that it truly is. } PROJECTS
HIGH UNEMPLOYMENT FOR NEXT 3 YEARS...
JIMMY
HOFFA WARNS OF 'CIVIL WAR'...
{ There is an exception to the hearsay rule known as a dying
declaration; the rationale being that a person would not ‘go to his maker’ with
a false statement/declaration to ‘taint his soul’. Interestingly, I had
occasion to know a very intelligent, learned man who was indeed dying, in a
death spiral if you will. A lawyer by profession, he had taken an interest in
another lawyer’s history; none other than Abraham Lincoln himself. Curiously I
thought at the time, though even then, some decades ago (long before the
internet), I realized that you were never getting the whole, correct, true
story from american media, history as written, etc.. ( I was fortunate in sixth
grade to have had a great teacher, James Bresnahan, who allowed for
‘expansive’/accelerated learning in what he took the time and trouble to
provide as an advanced reading group. Among the subjects was that
knowledge/thinking tainting phenomena known more commonly as propaganda). After
all, a long dead president; and, one who famously suffered from recurring bouts
of severe depression could hardly be the object of, from my view, intense
intellectual interest and scrutiny. Yet, he was fixated on what he deemed a
somewhat surprising revelation; viz., from his intense study, Abe was not
‘Honest Abe’ but rather, was a thief. I was aware that in fact, Lincoln found
niggers somewhat appalling and initially opposed ending slavery as well as
those who favored same, viz., the abolitionists, etc. (niggers are a same old
old story of lazy, unproductive, inherently very uncivilized criminal people
who are fun-luvin’ for games, partying, and getting high only. Even the incisive Shakespeare
euphemistically referred to the ‘typicality’ of the inherently untrustworthy
and without sense of honor, ‘noir’ [french for black]). The ultimate consummate
politician (as a lawyer, Lincoln famously took a contrary position not long
before saying he thought he then was right but now taking the opposite position
now knew he was right … riiiiight! ‘Honest Abe’), Lincoln ultimately did, in
rallying his ‘stalwarts’, back the abolitionist cause. I personally feel the
people of the south were foolish in bringing vanquished niggers, sold into
slavery by other niggers who vanquished them, to this already now recently
blemished land. Moreover, as today, the niggers (and the abolitionist cause)
had provided fodder for politics of all
sorts, including that of Lincoln. Indeed, even today, spielberg who is famous
for his pro-jewish ‘politicking’/propaganda (even the first Indiana Jones movie
was heavy on the Arab/Nazi transference propaganda) has found a way to make
film-making pay for him and the democratic party by way of the misguided,
inaccurate view of Lincoln as the anti-slavery icon he is speciously depicted
as. Civil war? Hoffa, like his mob-connected, then disconnected (permanently)
father is old news. The truth is that their own done them in (as was so of
hoffa’s father) with NAFTA, etc., as they themselves foolishly laughed at their
real would-be saviors, ie., Ross Perot, etc.. The reality is, there is
literally nothing that can’t be produced better and cheaper and without paying
the shake-down bribe from the teamsters et als for doing absolutely nothing (as
is true with the other niggers, et als, entitlements, etc.), elsewhere.
Twinkies anyone? }
12-12-12 Pelosi
Accuses GOP Of Lack Of Concern For Kwanzaa...
DETROIT'S
DECLINE: 34.5% on Food Stamps, 45.7% Not in Labor Force...
BUDGET
DEFICIT SKYROCKETS TO $172B IN NOV, UP $52B FROM OCT...
PUMP
DELUXE: Federal Reserve to spend $45B month to buy bonds... { It’s really quite amazing that the so-called economic
experts, ie., economists, financial/securities analysts, CEO’s, etc., are so
economically challenged so as to believe beyond the self-interested ‘swallow’
(ie., paper inflation, etc.) that somehow printing/creating ever more
worthless/debased paper fiat currency will in some way create real value,
production, jobs, etc., as opposed to
the destructive mechanism along with nefarious dislocations that it truly is. } PROJECTS
HIGH UNEMPLOYMENT FOR NEXT 3 YEARS...
JIMMY
HOFFA WARNS OF 'CIVIL WAR'...
{ There is an exception to the hearsay rule known as a dying
declaration; the rationale being that a person would not ‘go to his maker’ with
a false statement/declaration to ‘taint his soul’. Interestingly, I had
occasion to know a very intelligent, learned man who was indeed dying, in a
death spiral if you will. A lawyer by profession, he had taken an interest in
another lawyer’s history; none other than Abraham Lincoln himself. Curiously I
thought at the time, though even then, some decades ago (long before the
internet), I realized that you were never getting the whole, correct, true
story from american media, history as written, etc.. ( I was fortunate in sixth
grade to have had a great teacher, James Bresnahan, who allowed for
‘expansive’/accelerated learning in what he took the time and trouble to
provide as an advanced reading group. Among the subjects was that
knowledge/thinking tainting phenomena known more commonly as propaganda). After
all, a long dead president; and, one who famously suffered from recurring bouts
of severe depression could hardly be the object of, from my view, intense
intellectual interest and scrutiny. Yet, he was fixated on what he deemed a
somewhat surprising revelation; viz., from his intense study, Abe was not
‘Honest Abe’ but rather, was a thief. I was aware that in fact, Lincoln found
niggers somewhat appalling and initially opposed ending slavery as well as
those who favored same, viz., the abolitionists, etc. (niggers are a same old
old story of lazy, unproductive, inherently very uncivilized criminal people
who are fun-luvin’ for games, partying, and getting high only. Even the incisive Shakespeare
euphemistically referred to the ‘typicality’ of the inherently untrustworthy
and without sense of honor, ‘noir’ [french for black]). The ultimate consummate
politician (as a lawyer, Lincoln famously took a contrary position not long
before saying he thought he then was right but now taking the opposite position
now knew he was right … riiiiight! ‘Honest Abe’), Lincoln ultimately did, in
rallying his ‘stalwarts’, back the abolitionist cause. I personally feel the
people of the south were foolish in bringing vanquished niggers, sold into
slavery by other niggers who vanquished them, to this already now recently
blemished land. Moreover, as today, the niggers (and the abolitionist cause)
had provided fodder for politics of all
sorts, including that of Lincoln. Indeed, even today, spielberg who is famous
for his pro-jewish ‘politicking’/propaganda (even the first Indiana Jones movie
was heavy on the Arab/Nazi transference propaganda) has found a way to make
film-making pay for him and the democratic party by way of the misguided,
inaccurate view of Lincoln as the anti-slavery icon he is speciously depicted
as. Civil war? Hoffa, like his mob-connected, then disconnected (permanently)
father is old news. The truth is that their own done them in (as was so of
hoffa’s father) with NAFTA, etc., as they themselves foolishly laughed at their
real would-be saviors, ie., Ross Perot, etc.. The reality is, there is
literally nothing that can’t be produced better and cheaper and without paying
the shake-down bribe from the teamsters et als for doing absolutely nothing (as
is true with the other niggers, et als, entitlements, etc.), elsewhere.
Twinkies anyone? }
12-11-12 VIDEO:
FOXNEWS contributor punched in face at pro-union protests in Michigan... 'THERE
WILL BE BLOOD'... VIDEO:
Angry mob ransacks tent... Only
7% of Detroit 8th Graders Proficient in Reading...
COPS:
Teens Ask for Smoke, Kill Woman When She Replies 'Get a Job'...
COPS:
Woman Robbed By Man With Sword While Pumping Gas...
Californians
packing up and moving out – to Texas! State
now spends 'most of its money on salaries, retirement payments, health care
benefits for gov't workers'...
Jersey
City Unveils 3-Story 'Eye In The Sky' Surveillance Tower To Help Police Fight
Crime...
Monkey
should have 'right to choose' where he lives...
12-10-12 STUCK... Companies
Race to Beat Tax Increases... Obama
has hired 101 new federal employees A DAY since taking office...
UNCHAINED:
Foxx Jokes About Killing 'All The White People' In New Movie... Nelson Mandela 'proven' to be a member of
the Communist Party Telegraph.co.uk For decades, it was one of the enduring disputes of South Africa's
anti-apartheid struggle. { The failed
system of communism. Not surprising that a nigger would lache on to such where
everyone’s ‘equal’; but, for no good reason, other than for party membership
alone some are more equal than others. Well, close enough, but no cigar. After
all, chimpanzees share a 98% identical DNA profile with modern humans; and,
niggers share 99% (hence, that familiar simian look of the nigger.
Interestingly, I must confess that I’ve more recently particularly, developed a
well-founded aversion for and antipathy towards chimps, gorillas, oranguatangs
and monkeys owing to the fact that they remind me of niggers! Niggers are a drag
on civilized society! }
Execution-style
shooting on busy Manhattan street... Man
Dies... 85-Year-Old
Woman Savagely Attacked In Greenwich Village Elevator...
12-06-12
7
DEAD, HUNDREDS INJURED IN CAIRO PROTEST... ARMY
ULTIMATUM: GET OFF STREETS... PROTESTERS
DEFY ORDER...
Zimmerman
Sues NBCNEWS... { Truth be told, even
some decades ago, while there to drop off some ‘paper’, I was somewhat shocked
to see that almost an entire nbc corporate floor was almost all niggers! Maybe,
as with the election, they were just afraid the niggers might riot. } Made me into a Racist to Fix Low Ratings... Furor
over WVA high school's mandate that students stand for 'African-American
National Anthem'...
Christie
Meet$ With Obama as Sandy Aid Package Formed...
12-05-12
Income tax will exceed 50% in California, Hawaii, and New York
City... Developing... CHICAGOLAND:
'Godfather' Orders Mourners Searched, Patted Down At Gang Member Funerals...
DETROIT
TO OBAMA: WE (THE NIGGERS AND SELF-LOATHING WHITES ET ALS) VOTED YOU IN, NOW
BAIL US OUT... Robbers
Wielding AK-47s Terrorize Gas Stations... Execution-Style
Slayings Leave 4 Dead; Homicides Soar in City...
Men
Busted For Tailing UPS Truck, Stealing Christmas Gifts... Hundreds
Of Donated Gifts Stolen From Church... Baby
Jesus goes missing... Family
robbed while decorating tree... Thieves
Steal 800-Pound Elk Statue! UPDATE:
Church Cuts 'Charlie Brown' Christmas Play After Backlash... Lawsuit
threat cancels holiday concert...
EAT THE RICH: 52% TAX RATE IN CA
GALLUP:
53% of Democrats Have 'Positive Image' of Socialism...
12-04-12
Israel
accuses USA of inciting protests...
Chevy
Volt sales fall 50% after the election...
Thieves
rip out all of the copper in Newark church...
Class
Action Suit: Cash-Strapped NYC Rigged Red-Light Cameras In Money Grab...
WORLD'S
OLDEST WOMAN DIES, AGE 116...
12-03-12
IT'S
STARTING! IRS ISSUES 159 PAGES OF NEW RULES CUT
THAT, TAX THIS
Christie
seeks 100% federal government reimbursement for Sandy... NY,
NJ, CT lawmakers seek $83 billion to cover cost of damage... Nader:
O Worse Than Bush... Nader: War Criminal Obama Worse Than
Bush { I’d call it now a not too surprising tie! }
11-30-12
STUDY:
American Households Hit 43-Year Low In Net Worth...
Debt
Hits $16,306,713,000,000...
CA
City Attorney Tells Residents To 'Lock Their Doors, Load Their Guns' Over
Police Downsizing...
11-29-12
UN
votes to recognize Palestine...
Detroit
Mayor: 'We are in an environment of entitlement'...
BUYER'S
REMORSE: OBAMA APPROVE DROPS TO 49%...
Sen.
Sessions: Geithner 'Secret' Offer a 'Fantasy'... Obama
seeks new power to raise debt limit...
Yuma,
AZ unemployment rate hits 29.8%...
WHY
SO SECRET? Obama's
Dismal Record on Transparency...
11-28-12 Michigan
Governor Won't Rule Out Dissolving City Of Detroit... Oakland
Crime Rate Soars As City Loses Officers; 33 Burglaries A Day...
NY,
NJ lawmakers seek $80 billion to cover cost of damage...
Fitch
downgrades Argentina and predicts default... EU
Approves Bailout of Four Spanish Banks...
11-27-12
Bankrupt
San Bernardino cuts $26 million, tries to stay afloat...
PEW:
Public Gave Obama Re-Election Campaign 'C+'... RICE
ON ICE... 98%
of black women age 18-29 voted for O... HEARTLESS:
Thieves Steal $3,000 Worth Of Christmas Trees From BOY SCOUTS... SALVATION
ARMY exec accused of trying to steal 100,000 toys...
Cops
bust all-girl burglary gang...
PRAVDA:
Obama 're-elected by illiterate society'... http://albertpeia.com/obamberthemistake.htm }
11-26-12
DEVELOPING:
CATALONIA VOTES TO 'BREAK WITH SPAIN'
PRAVDA:
Obama 're-elected by illiterate society'... http://albertpeia.com/obamberthemistake.htm }
UN
EYES CONTROL OF INTERNET {
Come on! The un can’t even do what they are supposed to do! Enforce resolutions
as to some nations, not others … war crimes delineated for some nations, not
others … then the corruption, wasted resources, etc.. They are the ‘uncompetent’ bent on destroying/controlling the
viability of the important free flow of information! }
CHICAGOLAND:
Two shot at funeral...
11-23-12
OWN
IT: Top 5 States to be Hit Hardest by 2013 Tax Increases -- Supported Obama! Debt
expands to $16,253,547,000,000...
FEDS:
785,000 abortions in year... 4D
scans show fetuses yawn in womb...
RAMPAGE!
'Gang
fight' at Black Friday sale... Man
Punched in Face Pulls Gun On Line-Cutting Shopper... Shots
fired outside WALMART... Shoppers
smash through door at URBAN OUTFITTERS... Customers
run over in parking lot... Woman
busted after throwing merchandise... Thousands
storm VICTORIA'S SECRET... VIDEO:
Insane battle over phones... Mayhem
at Nebraska mall where 9 murdered in 2007... Shoplifter tries to mace security guards... Men
Steal Boy's Shopping Bag Outside BED, BATH & BEYOND... Heckler
calls them zombies...
11-21-12
UPDATE:
Judge approves Twinkie liquidation... { Alas, adieu sweet hostess. As a kid (as an adult as
well but can’t afford those calories and haven’t had them in years), truth be
told, though I liked twinkies with milk, preferably chocolate milk, I
invariably opted for the cream-filled chocolate cake, chocolate iced (with the
squiggle on top) hostess cupcakes; with plain milk, of course. The
‘golden-goose-killers’ strike again! }
Jesse
Jackson Jr. quits Congress... 'Couldn't
stop crying, couldn't give a press conference'...
11-20-12
Record
Number of Americans Will Use Food Stamps For Thanksgiving... FOOD
PANTRY SEES 400% INCREASE IN DEMAND...
Federal
Workers to Congress: Leave Us Out of Deficit Deal...
Obama's
'Constituency Groups' Checklist Offers No Options for Whites or Men?
CYBERGUERRE! FRANCE ACCUSES USA OF HACKING
11-19-12
MOODY'S
downgrades France bond rating, maintains negative outlook...
CHRISTIE
CLOWNS ON 'SNL' AS RESIDENTS SUFFER... 'I
have three kids and we have no power, no heat, for 13 days now'...
FL
Hospitals to Cut Record Number of Jobs...
CHICAGOLAND:
Doctor stabbed in WESTIN hotel bathroom...
Ron
Paul: 'Secession is a deeply American principle'...
11-16-12
CIA's
Talking Points Were 'Edited' to Play Down Terrorism... Director
Knew Immediately Al Qaeda-Linked Group Responsible for Benghazi... ... ELEMENT REMOVED FROM SUSAN RICE'S TALKING POINTS FLASHBACK:
What she said... House
women: Criticizing Rice 'racist, sexist'... Lawmakers
shown video of envoy being dragged out...
SOCIALITE WHO BROUGHT DOWN PETRAEUS DINED AT WHITE HOUSE THREE TIMES
THIS YEAR... Air
Force Base Scrub List of 'Friends'...
Ron
Paul's farewell speech... Declares
Internet alternative to 'government media complex'...
11-15-12 JOBLESS...
INFLATION... POVERTY... RECESSION...
RADIO
HOST CALLS FOR 'SECOND AMERICAN REVOLUTION'... SECESSION
MOVEMENT EXPLODES...
DENNY'S
to charge 5% 'Obamacare surcharge' and cut employee hours...
Postal
Service Loses Record $15.9 Billion...
11-14-12
SECESSION
MOVEMENT EXPLODES...
Krauthammer:
White House 'Held Affair Over Petraeus's Head' For Favorable Testimony On
Benghazi...
Just
days after election, Obama battles salacious scandals... First
press conference in months set for today... POLITICO:
'Hard questions await'...
HAMAS: STRIKE 'OPENED THE GATES OF HELL'
11-13-12
Budget
deficit rises to $120 billion in October... ...jumps
22%
Stocks
continue post-election drop... Faber:
Prepare for Massive Market Meltdown... Wealthy
Dump Assets...
Chinese
Yuan Hits Record High Against US Dollar...
Lawmaker
asks to be paid in gold...
Starving
Horses Serious Problem As Hay Prices Continue To Skyrocket...
HENTOFF:
Obama win is Constitution's loss...
FOUR-STAR
CIRCUS
General
sent thousands of 'inappropriate' e-mails to woman who reported harassment by
Petraeus's mistress... FBI
agent banned from probe after he 'grew obsessed' and sent her shirtless
photos... REPORT:
Gens. Petraeus and Allen intervened in nasty child custody battle... Petraeus
personally investigated Benghazi attack... Emails
that touched off scandal described CIA director's movements... Case
Raises Fears About Privacy in Digital Era...
Hillary
can't make House hearing on Benghazi; busy visiting friends, wine tasting in
Australia...
MYSTERY:
Broadwell's driver's license found in D.C.'s Rock Creek Park... 'I
Had Access To Everything'... Petraeus,
mistress used e-mail trick employed by terrorists...
11-12-12
ABCNEWS:
PETRAEUS COULD FACE CHARGES 'Bombshell
story is just a smoke screen for something bigger'... CIA
Disputes Broadwell's Benghazi Comment... Ghostwriter: 'I always wondered why he was granting her access that
he did'... FBI
Agents 'Raid Home of Mistress'...
UPDATE:
In 59 Philly divisions, Romney did not get A SINGLE VOTE! Food
Stamps Surge By Most In Year To New All Time Record; Delayed Release...
Feds
to cut food stamps for poor in Ohio...
UPDATE:
White House deluged with petitions for secession... TEXAS
GETS REQUIRED 25K SIGNATURES...
FLORIDA:
Gas for $6.44 a Gallon...
11-9-12
OLIVER
STONE: 'I find Obama scary'...
PETRAEUS
RESIGNS OVER 'AFFAIR'
Was
Slated to Testify on Benghazi Next Week... 'Timing
Is Just Too Perfect'... Lawmakers
Considered Calling For Resignation In October... FBI
SPIED ON CIA DIRECTOR, WOMAN; EMAILS?
Dear
Drudge: Stop the race {reality} stories { No, Drudge…keep the real news
coming…though the chimps are incapable of shame, let others, facilitators all,
feel the blame! }...
Assange:
Obama a 'wolf in sheep's clothing'...
Obama
Administration Shuts Down Oil Drilling Out West... STOCKS
FALL 3% SINCE RE-ELECT...
COMPANIES
PLAN MASSIVE LAYOFFS AS OBAMACARE BECOMES REALITY... Utah
company fires 100, blames Obama... CEO
reads prayer to staff, announces layoffs... Floodgates
open on new health regs...
Clinton
to Step Down 'Days' After Inauguration... HOLDER
EYES EXIT...
Obama
Administration Shuts Down Oil Drilling Out West... STOCKS
FALL 3% SINCE RE-ELECT...
RECORD
70.4 Million Enrolled in Medicaid: 1 Out of 5 Americans...
NYC
rations gasoline; expected to last weeks... Man
waits 30 hours for gas... Liquor
drought... Prison
For Displaced Victims? Power
Loss Tests Limits... 11
days after Sandy... 'Ready
to snap'... Nightmare
in shelters...
11-8-12
RON
PAUL: Election shows U.S. 'far gone'...
UPDATE:
Man Beaten During Giants World Series Victory Celebration Dies...
Obama
weeps again...
Record
snow adds to woes in Sandy-struck region... FEMA
office on Staten Island closed 'due to weather'... Despair
deepens... TAX
HIT THREATENS VICTIMS... Looting
Reaches Epidemic Levels... Gas
Crisis Could Last Weeks...
11-7-12
WALL
STREET ALARM... Stocks
'cringe'... 'SUGAR
HIGH' ENDS...
LIMBAUGH:
'I went to bed last night thinking we lost the country'... HANNITY:
'Allure And Appeal Of Socialism Has Taken Hold'... LEVIN:
'Unvarnished Truth' On Romney Loss... SAVAGE:
'Our society is being turned into prison camp'...
California
Votes for Higher Taxes...
OBAMA
WINS 39% OF (SELF-DESTRUCTIVE, SELF-LOATHING) WHITES...
ANTI-OBAMA
PROTESTS ESCALATE AT UNIVERSITY
Athens
Erupts in Riots During Key Austerity Vote...
11-6-12
Election
Judge Wears Obama Cap While Checking in Voters in Chicago Ward...
Obama
Mural in Philadelphia Polling Place... UPDATE:
Judge orders mural to be covered... Obama
Poster Hanging in Florida Polling Station...
Black
Panthers Return to Philly Polling Site... VIDEO... GOP poll inspectors being forcibly removed -- replaced by
Democrats... Judge
issues order to reinstate... CHAOS...
FINAL
RASMUSSEN: R 49% O 48%... FINAL
BATTLEGROUND: O 47% R 47%... Goeas:
Romney 50.3%, Obama 48.8%... R
40,454,933 O 39,423,072* FOUR
MORE TEARS
BIDEN:
'I'm Going To Go Back Home, Run For County Council Or Something'... Who
Wants A President Who Will Lie To You? Asks -- BILL CLINTON?
Rep.
Jesse Jackson Jr. wins reelection -- from Mayo Clinic!
11-5-12
GALLUP:
R 50% O 49%... RASMUSSEN:
R 49% O 48%...
NOONAN:
IT'S ROMNEY... Fred
Barnes: Why Romney Will Win... Romney
winning independents 59%-35%...
Romney
internal polls put him UP in OH, TIED in PA and WI...
'Thousands of ballots' unlikely to reach military voters in time...
GENERATION
DEBT: Every American Under 18 Now Owes $218,676... 'Per
Person Debt Now 35 Percent Higher than that of Greece'... NY DAILY NEWS ENDORSES --
ROMNEY?
21
NEWSPAPERS SWITCH TO ROMNEY... NY
DAILY NEWS: 'Hopes went unfulfilled'...
FL:
R 52% O 47%... MI:
R 47% O 46%... VA:
R 50% O 48%... OH:
O 49% R 49%...
Fearing
Romney victory, EPA plans post election anti-coal regulation...
CBS
releases even more
unseen footage from Obama interview after Benghazi attack...
Obama,
not-so-happy warrior...
Red-state
Dems fight Obama drag...
Obama
favored in his ancestral Kenyan village...
Romney
draws huge crowd in PA... 500
retired generals, admirals announce support... Obama
Ignores Question About Storm Victims' Frustrations... Fear
of the Dark... Con
Edison Distributing Dry Ice... FEMA
Out Of Water, No Delivery Until Monday... FREE
FUEL FOR EVERYONE! 2-mile
line on Staten Island... CONFUSION: Gov't tells public to stay away until first responders
fuel up... Residents
arm up: Bats, machetes, shotguns... 'It's
Like The Wild West'... 'Anarchy
in Queens'... ODD-EVEN:
NJ counties enact Carter-style gas rationing... DICK
MORRIS: Obama Hit By Storm Backlash...
MOTHER
OF SEAL: 'I BELIEVE OBAMA MURDERED MY SON'... Security officials on the ground in Libya challenge CIA account... REPORT:
U.S. considered moving Benghazi consulate month before deadly attack... Papers
blast president's response... RUDY
CALLS ON BARRY TO RESIGN!
FL:
R 51% O 45%...
NYT:
PA 'tilting toward Romney'... MI: R 47% O 46%... Candy Crowley: 'President
Romney'...
PA POLL JOLT: O 47% R 47%
Bill Maher to Romney Supporters: 'Black People Like Vanilla Fudge
Nut maher Know Who You Are and They Will Come After You'... REPORT:
Obama supporters step up riot threats... Black
pastor receives death threats after reversing support... Black
Americans still back Obama despite steep plunge in their economic fortunes... SHOCK
POLL: Minnesota a toss-up...
REPORT:
NAACP Takes Over Houston Polling Station, Advocates for O {and are acting like
the uncivilized, lawless niggers they are!}...
Service
members purged from voter rolls in Florida...
30,000
turn out in Ohio for Romney... Obama
plays for just 2,800... CLEVELAND
2008: 80,000; CLEVELAND 2012: 4,000... Just
200 show up for event with Stevie Wonder!
11-2-12 ABCWASHPOST:
R 49% O 48%... RASMUSSEN:
O 48% R 48%...
Campaign 2012 BARONE
CALLS RACE FOR... Barone: Going out on a limb: Romney beats Obama, handily November 2,
2012 | 4:58 pm
'Let's
Win This Motherfu**er!': White House Official Delivers Shock Speech... ROMNEY
HEADS TO PA!
POLL:
63% Want Obama 2nd Term -- in China...
OCTOBER
UNEMPLOYMENT UP: 7.9%... RATE
HIGHER THAN WHEN OBAMA TOOK OFFICE... Promised
5.2% rate by Oct 2012... President
Faces Voters With Highest Unemployment Of Any Incumbent Since FDR... ROMNEY:
'Sad reminder economy at virtual standstill'... Incomes
Continue to Decline... Long-Term
Rate Rises to 40.6%... Blacks
to 14.3%... Food
Stamp Growth 75X Greater than Job Creation...
BIDEN:
'There's Never Been A Day In The Last Four Years I've Been Proud To Be His Vice
President'...
Joe
Biden: 'I'm Going To Take A Vacation'...
Entire
Minneapolis Police Force Gets Death Threat After Gang Member Shot Dead...
Drivers
Waiting 6 Hours For Gas in NYC... Tempers
Rise in Wake of Storm... 'Finding
bodies left and right'... Restaurant,
hotel prices skyrocket... CHUCK
SCHUMER CONFRONTED: 'We Are Gonna Die!' CRAIGSLIST:
$15 a gallon... Utility
workers pelted with eggs... Misery... 'We
have nothing'... Residents
Furious RED CROSS Offering Cookies & Hot Chocolate, Not Blankets Or
Clothes... Jet
Fuel Supply Fast Becoming Concern At Airports... Staten
Islanders Plead for Help: 'We Need Food'... 'Please
don't leave us'... VIDEO:
Stranded New Yorkers Defecating in Apartment Buildings... DIRE... NJ counties enact 70s style gas rationing... Developing...
11-1-12 ABCWASHPOST:O48%R48%...
Republican National Committee alleges voting machine troubles in
Nevada, other swing states...
Gas
Shortages May Not End for Another Week... Fear
Turns to Frustration, Anger... Fistfights,
Guns Drawn... 'You're
not getting gas tonight'... Lines
grow... Some
Siphoning From Cars! 'I'm
pretty pissed'... Troopers
deployed to gas stations... Stars
throw extravagant Halloween party despite destruction... Commuter
Delays Rage... NYC
Official: Red Cross 'Absolute Disgrace'... Looters
Dress Like Con Edison Workers to Gain Access to Houses... Staten Islanders Plead for Help: 'We Need Food'...
OBAMA
LEFT THEM BEHIND: HUNGRY DUMPSTER DIVING IN NYC
BLOOMBERG
PLAYS POLITICS WITH SANDY; ENDORSES O AS 'CLIMATE CHANGE' LEADER... State
Dept never called for military back up... BUCHANAN:
Hillary's head should roll...
New ADP
Count Slashes Job Creation for September...
NY state asks feds to cover all $6 billion in storm costs... Tempers
flare in NJ city where thousands stranded...
DAILY CALLER: Women claim Sen. Bob Menendez [D-NJ] paid for sex in
Dominican Republic... VIDEO... 'We're not going to respond'... FLASHBACK:
Senator Called for Secret Service Agents to be fired over prostitution
scandal...
Republican National Committee alleges voting machine troubles in
Nevada, other swing states... James
Baker: 'Not Entirely Unlikely That We Might Have A Recount'...
10-31-12
DICK
MORRIS: Here comes the landslide... Romney
Campaign: The Fundamentals Favor Us... Rove:
Sifting the Numbers for a Winner...
Denver
Dem Mayor Goes To Wisconsin And Says Obama Getting Beat In Early Voting...
New
ADP Count Slashes Job Creation for September... OHIO:
MORE VOTING PROBLEMS AS BALLOT CAST FOR ROMNEY COMES UP OBAMA...
Congress
steps up demands for info on Benghazi attack... White
House dodges... FACEBOOK
Censors Navy SEALS to Protect President... 'The
mysterious media Benghazi bugout'... Hannity
on WH Audio Tapes: 'I've Heard They Are Damning'... WASHPOST:
'LINGERING QUESTIONS'... LENO:
'Don't ask, don't tell is back ... Obama's new policy for questions about
Libya'...
REPUBLICANS
HAVE WON EVERY NOV 6TH PRESIDENTIAL ELECTION SINCE 1860...
Dianne Feinstein: No need to debate Republican opponent... http://albertpeia.com/selfdefense.htm [ One
thing is certain from my own direct experience { The
unfortunate reality is what I’ve alluded to in the context of my own direct
experience; viz., america’s ‘legal system’ is an illegal system used to
cover-up crimes, arbitrarily enforce laws to apply pressure, etc., and
essentially run by the inmates of this collective criminal entity called
america: http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm } ; despite
enormous amounts of taxpayer money poured into the ‘federal system’, there’s
relatively/proportionately very little real significant results (an example
would be the brutalizing of Martha Stewart over a $45 thousand transaction
while wall street frauds in the trillions by the biggest players have gone
unprosecuted). I believe reasonable diligence requires self-reliance more than
ever before in this nation’s history; particularly when political correctness
in some states prevents calling a spade a spade to the substantial detriment of
law enforcement! ]
The Keynesian (economic)
approach, if ever a wise prescription for ‘economic doldrums’, euphemistically
speaking (there are articles/studies/data that dispute the purported
effectiveness of the widely hailed ‘Keynesian remedy’ during the prior great
depression), the ‘Keynesian way’ is certainly no longer a prudent approach
today in light of the insurmountable debt levels of nations worldwide and in
america particularly along with the concomitant over-printed, debased ‘paper
currencies’ to finance same. Quite simply, there simply is not enough real
value being created for redistribution, a situation exacerbated by the
parasitic lightening fast, computerized churn and earn high frequency trading
programs on fraudulent wall street (they should be prosecuted, jailed, fined,
and disgorgement imposed for extant frauds in the trillions now marked to
anything as per misguided legislated FASB rule change). [ America’s
debt woe is worse than Greece’s News (CNN) — ‘Our government is
utterly broke …The government’s total indebtedness is $211 trillion ’. 43,454,601,693,238 Reasons Why
The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17, 2011 http://www.economist.com/content/global_debt_clock ] .This is the consequence of a structural shift
fed by greed and misguided policy and cannot be undone (transfer of productive
capacity to ie., China, etc., ‘the bell cannot be unrung’). That said which
militates against such an extension, this is an election year which
probabilities suggest makes highly likely the passage of the extension. I favor
your co-sponsored legislation and before the holidays simply in the name and
spirit of Christmas and for no other reason whatsoever. Below is a recent
comment to Opinion Writer Krauthammer’s ‘more war spending (Keynesian)
position’ and an article regarding the folly of same. Immediately following is
from my prior post to you concerning something of such manageable proportion
and well within the government’s ability to resolve (if the government can’t
accomplish this consistent with law and long overdue, then there isn’t anything
the government can accomplish), along with other comments to you for ease of
reference:
‘…As previously noted in a
prior message to you, I had previously spoken to FBI Agent Bill Lewis in
Washington who was recently promoted to the FBI Headquarters Office (D.C.) from
the FBI office here in LA, and who was to be out of the office for the two
weeks past. I’ll be contacting him given a reasonable time for him to ‘catch
up’, from being out of the office. While independent contractor richard coan is
ultimately the one to bear the burden of damages (there’s insurance and a surety
covering same), coan might allude to the prior default of the u.s. government
(assist. u.s. atty. robert i. lester miscounted / miscalculated the time for
filing an answer / response to the complaint upon service thereof, also
misstating the rule in open court before corrupt judge matz who ‘schmoozed’
things over (they both have the same employer), however incorrectly according
to the ‘law’. I ordered / bought a copy of the transcript of that rather
pathetic proceeding (posted in part on my website). In any event, regardless
who pays me, the amounts so paid would ultimately be recovered from coan, his
insurer/surety which amounts might even exceed the amount I’m willing to settle
at. [There is also a judgment (referenced in the correspondence to FBI ADIC Martinez
infra) that had been entered in my favor in the case, United States District
Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in
excess of $300,000 remains unaccounted for and which would benefit Los Angeles,
etc.; and then, of course as well, the substantial damages. ] I’ve waited far
too long for this matter to resolve, what should have been resolved in
accordance with clear law long ago; and, which would have been resolved if not
for typical u.s. corruption in the process; and, which is well within the
government’s ability to resolve. In my world and way of thinking, results do
count! I’ve included prior correspondence for ease of reference…’
Sincerely,
Albert L. Peia
America also
leads in the illegal drug trade. In fact, many researchers reveal that
the war on drugs is only utilized to control and monopolize the illicit
drug trade. The US government has been caught multiple times shipping in cocaine [ http://www.youtube.com/watch?v=bQvbdiWgwsA , http://www.youtube.com/watch?v=UQNSoOX-dcw&feature=related , http://www.youtube.com/watch?v=gG1Id2qpSOE&feature=related , http://www.youtube.com/watch?v=tIEUhpxeuP4&feature=related , http://www.youtube.com/watch?v=DyM43Sw2OVc&feature=related ] , colluding with certain cartels [ http://www.americanthinker.com/blog/2011/08/does_mexican_drug_cartel_have_deal_with_us_government.html ] to control the industry, and now openly protects and transports opium from Afghanistan [ http://www.youtube.com/watch?v=ElEciFI0Pew ] . In fact, Global Research points out that in 2001, “according to UN
figures, opium production had fallen to 185 tons. Immediately following the
October 2001 US led invasion, production increased dramatically, regaining its
historical levels.” This month, the U.N. announced that Afghanistan now provides 93% of the
world’s opium production [ http://www.nytimes.com/2011/10/12/world/asia/un-reports-sharp-rise-in-opium-production-in-afghanistan.html?_r=2&ref=world ] ; up 61% compared to 2010 to a whopping 5800 tons. Although the
empire tries to keep it secret, they can’t hide the hypocrisy forever. [ website archived links http://albertpeia.com/uscocainedistributionfiles.htm
Drug war hypocrisy: drug
trafficking’s big money benefits Big Brother and corrupt banksters PF Louis | The hypocrisy of the war on drugs is
centers on the amount of drug trafficking that benefits the CIA and
international banking system. Natural News February 1,
2012 [ [ http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ] ‘The hypocrisy of the war on drugs is outrageous when compared to the
amount of drug trafficking that benefits the CIA and international banking
system. The son of a convicted notorious mobster, John Gotti Jr, when asked in
court if the family still dealt drugs cracked, “No, we can’t compete with the
government.”
, Guest Post: The West Has Just
Become A Giant Banana Republic
ZeroHedge.com by Tyler Durden { Yeah! This really is too true for words!
It’s been my direct experience for quite some time now and is quite a pathetic
scenario! } Legal precedent means nothing. Rule of law means nothing.
Free speech means nothing. Their own treaties mean nothing. It’s
unbelievable. Anyone in the west who honestly thinks he’s still living in
a free society is either a fool or completely out of touch. If that seems
too radical an idea, consider that ECUADOR is now the only nation which
stands to defend freedom and human rights against an assault from the
United States, the United Kingdom, and their spineless allies. The west
has just become a giant banana republic. Have you hit your breaking point
yet? If not now… when? { { I’m really
constrained to interject my own direct experience with the FBI here; and, I
must say I do so lamentably. If you want no real results vis-ŕ-vis organized
crime which now extends to the upper reaches, highest levels of the corrupt
u.s. government, go to the FBI. I discounted the new jersey FBI as just typical
corrupt, mob infested jersey which thinks in terms of discos/casinos. But,
truth be told, they never ask the ‘tough’ questions of the biggest criminals;
ie., the biggest wall street frauds, cia connected illegal ‘drug ops’
(ops…riiiiight), federal judges ie., trump barry, shiff, alito, etc.; but, they
did go after Martha Stewart in a very big way over a $45,000 transaction. Wow!
You can’t make this stuff up. I also don’t believe their (understated) crime
stats for even a second. I’m beginning to feel foolish for having even put my
full faith and trust in them, much less the ‘federal (judicial) system’ who
share the ‘same employer’; and, despite my antipathy for the mob, probably
would have fared ‘more fairly’ with the mobsters directly who seem to have at
least some sense of the magnitude of the fraud involved and the pervasive
corruption of the system and government and maybe a semblance of honor in this
nation of protracted decline. It never would have occurred to me back when for
me, such a choice/decision was clear-cut and simple. Such a course as mine I no
longer could recommend inasmuch as there is little difference between
state/government sponsored crime/corruption and that perpetrated by other
criminal elements, from my direct experience with both, infra: Debauchery: An American
specialty In the land of Lindsay Lohan and Snooki, some federal
workers reflect our culture all too well. (Washington Post) [ Lindsay Lohan?
Come on Mr. Milbank, hands off the low hanging fruit. She’s totally harmless.
Jersey ‘italian’ snooki? In mob infested new jersey, who knows (one of the properties
in my proceedings for which surplus funds are unaccounted for was a top floor
balconied 2 bedroom 1 and 1/2 bath condominium (beach/boardwalk front w/indoor
pool/sauna) in seaside heights, n.j. –10-31-12 Post Sandy: I’m wondering if
it’s still there. ). But debauchery an american specialty? Another rare
instance wherein I agree with Mr. Milbank completely. 25 Signs That America Is A
Seething Cesspool Of Filth And Corruption http://albertpeia.com/25signsamericacesspooloffilthcrimeandcorruption.htm . Review of flawed forensics
held close to vest EXCLUSIVE | Documents and interviews show FBI and
Justice Department officials took steps to control information uncovered by a
task force designed to examine cases involving discredited agents. Many
defendants were never notified of flaws in cases. ‘Simply unconscionable’ (Washington
Post) [ Well, I really have to say this. I’m awaiting word from the FBI as to
resolution, one way or the other, concerning the RICO matters which have been
systematically and corruptly covered up by the government (executive,
legislative, and judicial branches of the pervasively corrupt, defacto bankrupt
u.s. government http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . Never in my
wildest dreams would I have believed the level and extent of corruption and
criminality within the ranks of the u.s. government before embarking upon this
costly quest for justice and simple fairness consistent with clear law (infra,
regarding the u.s. government’s direct involvement in the illegal drug trade).
In this civil RICO matter, there are no innocent bystanders; but rather,
perpetrators, accomplices, and co-conspirators. When the fbi agent initially
assigned to this matter (Connecticut) abruptly resigned/retired shortly after a
conversation, though not central to my case, wherein I had said that rudy
giuliani’s father had been an (convicted) enforcer for the mob (served 12
years? in prison, aggravated assault/manslaughter?) and then sent him documentation
owing to his disbelief. Though ultimately ineffectual vis-ŕ-vis my case, he was
a likeable guy for whom I had and still have regard. I then spoke with FBI
Agent Jeff Rasey upon the aforesaid agent’s departure who somewhat plaintively
(‘my call being a burden’) told me that ‘he was a Ford, and I was a Ferrari’,
which he didn’t explain further. Could anyone tell me what that means?
Initially, at new jersey’s FBI office, I was ‘greeted’ by an FBI Agent who
sarcastically asked me whether I was ‘going to the disco that night’ (the
documents including sworn statements delivered to then u.s. attorney sam
alito’s office in the same building disappeared twice along with the initial
assistant u.s. attorney Jonathan Lacey with whom I had reviewed the documentary
evidence, documents and their probative value http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf .
We all can infer sam alito’s reward / quid pro quo for his cover-up by his
current position on the u.s. supreme court. There was never a
question as to maryanne trump barry’s interest in corrupting the judicial
process as related to her brother’s (trump) casinos. Jersey city boy louis
freeh, labeled by former Prosecutor Larry Klayman as the most corrupt FBI
director ever (see infra, mueller seems no different, and certainly holder’s
impeachable actions and corrupt behavior/cover-ups fit the mold, ie., fast and
furious, race bias favoring blacks, etc.) apparently covered up the RICO
violations as sent to him, and, with italian citizenship and lucrative insider
deals fits the bill. The FBI Agent Jeff Hayes of the Long Beach Office with
whom I reviewed the RICO documents and confirmed same as indicative of (drug)
money laundering was transferred shortly after meeting with him, as has been so
of FBI Agent Bill Lewis (promoted to Washington FBI headquarters) with whom I
discussed the RICO matter and case disks/dvd’s sent to the LA FBI office (they
printed the documents thereon, as per Agent Lewis), Steven Martinez, ADIC, here
in Los Angeles (see infra). So, as regards FBI flaws, coverup, etc., I have to
believe it based on my own experience and reasonable inference. I’m currently
being ‘stonewalled’ by the LA FBI office since the departure of FBI Agent Bill
Lewis.
10-30-12
GALLUP: ROMNEY UP 52%-45% AMONG EARLY VOTERS...
REPORT:
GOP voting tsunami coming...
POLL:
Obama dominates Romney -- in Russia...
Romney
suddenly plunging onto Democratic turf... MSNBC
Ridicules Romney for Collecting Food, Supplies for Sandy Victims...
FACEBOOK
Censors Navy SEALS to Protect Obama on Benghazi...
Michael
Moore/MoveOn.org: We will burn this motherf*cker down and c*ck-punch Romney...
THE
MORNING AFTER PHOTOS:
SHOCK AND AWE...
DEATH
TOLL CLIMBS ABOVE 45... Northeast
airports, transit systems slowly start moving again... Crippled
NYC subways could hamper recovery...
10-29-12
ELECTION
PROJECTION: R 52% O 47%... GALLUP
MONDAY: R 51% O 46%... OH:
R 50% O 48%...
MN: O 47% R 44%... GALLUP: Obama's Job Approval
Drops 7 Points in 3 Days... Adopts tone of challenger... DES MOINES REGISTER Endorses
Romney... OLIVER
STONE RIPS PREZ: 'Took bad situation, made it worse'...
CHICAGOLAND:
435th Homicide Matches Total For All Of 2011...
Romney
hits auto bailout as CHRYSLER moves Jeep production to China... OBAMA:
'Hurts my feelings the most'... Report:
FIAT now says Jeep may move to Italy...
Vandal Keys 'Obama' Into
Cars Of Residents Supporting Romney... Large Amounts Of Nails
Dumped In Parking Lot At Tea Party Rally... Church sign defaced...
Madonna booed after touting
Obama during Concert...
REPORT: Obama camapign takes money from 'Osama bin Laden'...
Water
Level at Battery Park Reaches 11.25 feet, Surpassing Record Set in 1821...
Gangs
Plan Hurricane Looting Spree Via TWITTER... CT
Gov. Closes All State Highways: 'Most Catastrophic Event We Have Faced In Any
Of Our Lifetimes'... 'People
Are Going To Be Fighting In The Streets Over Gasoline, Food'... NATIONAL
GUARD DEPLOYED... UPDATE:
9,000 Flights Cancelled... ANOTHER
BLOW DAY: Federal offices in DC shut down again...
10-26-12 Absentee
ballots sent to U.S. military serving in Afghanistan 'destroyed in crash'... Romney
seizes on sluggish growth figures... Burning
through O's 'firewall'... Desperation?
White House Considering New Tax Cut... R
51% O 46%... R
50% O 47%... R
49% O 48%... Bust
of Barack Obama's head -- made of butter! -- tours the streets of Chicago... REPORT: Vanloads of Somalians driven to the polls in Ohio... Is voter fraud being committed in Ohio? .. According to
the Somali Community Association of Ohio’s web site, over 45,000 Somalis live
in Ohio. Only 40 percent have become citizens of the United States, and only 25
percent speak English well enough to get a job..’ …Yes, they are typical dumb niggers for wobama! }
KRISTOL:
Petraeus Throws President Under Bus...
Senators
demand White House declassify Libya video... CIA
OPS 'DENIED HELP' THREE TIMES
DURING BENGHAZI... Father
of Slain SEAL: Who Made the Decision Not to Save My Son?
OBAMA
DODGES DURING LOCAL TV INTERVIEW...
In
Iowa, disappointment with Obama runs deep...
Iconic
NY Steakhouse 'Gallagher's,' Which Survived Great Depression, Is Closing...
Taxpayer-funded
'green' company investigated for fraud... AUDIT:
Green jobs stimulus program had 16 percent success rate... Over
$60,000 in Welfare Spent Per Household in Poverty...
Historical
treasures missing from National Archives...
10-25-12 Romney
signs, American flags torched in veteran's yard... R
50% O 47%... R
50% O 47%... R
50% O 47%...
MI:
O 47% R 47%... DETROIT
NEWS endorses Romney...
Wisconsin
company announces layoffs ahead of Biden arrival...
October
Sets New Record For Disability Claims: 8,803,335 Collecting Benefits...
SHOWDOWN!
TEXAS VOWS TO ARREST UN ELECTION 'OBSERVERS' { Yeah, the u.n. has the stand-in role
for the wobama/holder-protected black panthers as pro-o intimidators.} ...
Father
Of Slain SEAL: Obama 'Could Not Look Me In The Eye...Like Shaking Hands With
Dead Fish'...
Video
snags Dem boss in vote fraud... Son
resigns...
'HE'S
A BULLSHITTER'... { Yes, obama is an
incorrigible b***s***ter! He’s gotten by on b***s*** and special nigger consideration
his entire life. He is a total embarrassment! } ‘Four years after he was
elected as a self-described 'hopemonger' promising a new post-partisan era,
President Barack Obama is trying to claw his way to re-election with an ugly,
divisive campaign in which he is playing the role of fearmonger-in-chief… ’ { He’s a
desperate, failed megalomaniac who is also a pathological liar along with other
mental issues/troubles ( WH:
'We Decline to Comment' on When President Learned of E-Mails... Obama's
Lucky Charms: A Hindu God In His Pocket, A Masonic Emblem, And A Ring That Says
"There Is No God Except Allah"
http://albertpeia.com/ohowweird.htm Why do our politicians have to be so
weird? { Why? Because in, ie., O’s case, he is weird. Homo/hetero,
Muslim/Hindu/Christian, for Wall Street/against Wall Street, prosecute/no
prosecute, war/no war, say one thing/do another, truth/no truth, etc.. wobama’s
gotten’ by on b***s*** and ‘special consideration’ alone, never having done
anything of substance in his entire life. Indeed, even his so-called
‘auto-biographies’ are works of what appear to be ‘choom-gang’ induced
fantasies which reveal a psychogenic/dissociative amnesia that works well in
the continuing ‘narrative’ devoid of fact on his ‘more b*** s*** campaign
trail’ littered with the cowpies of stark reality. People owe themselves and their
children more than this grifter’s con which in numbers measures more than the
increased deficits of all the presidents since President General Eisenhower
combined to obfuscate his unequivocal failure. Drudgereport: UPDATE:
Obama gives himself an 'incomplete' grade... { Wow! The audacity! The unmitigated gall!
This from the record holder for fundraisers, 151 and counting. Then there’s the
100 plus rounds of golf in addition to being famously over-vacationed while in
office. Did wobama expect that these things would in choom fashion magically
come to fruition while he was ‘workin on his tan’, golf swing, or shootin’
hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm
The point is that you don’t have to love
Romney but you at least have to like yourself in saying ‘NO!’ to more wobama
b***s*** which is all that he is. Have some self-respect. His grade is
unequivocally ‘F’ for failure, having failed to do as promised which
coincidentally is a direct cause among others of this debacle called america’s
dark obama years. All the talk/b***s*** cannot change that reality. } http://albertpeia.com/10waysobamakillingjobsinamerica.htm Wobama’s Choom Gang
Bangin’ { This brief video (11 mb) is well done and worth a watch! } http://www.albertpeia.com/wobamaschoomgangbangin.wmv Friday
Humor: "I Am Pledging To Cut The Deficit We Inherited By Half By The End
Of My First Term In Office"
ZeroHedge.com Tyler Durden { Wobama the b
for b***s*** speaks … on the prior pre-election campaign trail ( The
Real Obama Budget Deficit For 2011: 5 Trillion Dollars http://albertpeia.com/2011realobamabudgetdeficit5trillion.htm }
Did the final presidential debate do
anything to influence who you will support in ... NBCNews.com { The following
comment is correct. The other aspect is that people are seemingly pathetically
ignoring that O’s last 4 years have been an abject, utter failure in
spectacularly unprecedented fashion. A sad commentary on the state of the
nation when such blatantly clear reality is ignored by so many, including those
who should know better.} ‘ Obama has told no truth in 4 years. He can't wave his hand and ignore
sequestration. We need a leader not a liar. Romney is our only choice.’
10-24-12
O
Booed at university's Military Appreciation Day football game... RASMUSSEN:
R 50% O 46%... GALLUP:
R 51% O 46%... R
50% O 46%... R
50% O 47%... R
49% O 48%... R
47% O 46%... OHIO:
R 48% O 48%... MI:
O 47% R 47%... Fmr
Dem Chair: CO 'Worst Swing State'... Romney,
Ryan draw massive crowds in Colorado... GOP
moves into Wisconsin... Emails detail unfolding Benghazi attack on September 11th... 6:07 PM 9/11/12: 'Ansar al-Sharia Claims Responsibility'...
HE
KNEW
Obama
challenges press to find flip-flops -- and
they do... Woodward:
President 'mistaken' on sequester...
Clint:
'Second Term Would be Rerun of First'...
Chicago
Store Owner Labeled Racist For Anti-Obama Signs... Police:
Black Woman Lied About KKK Setting Her On Fire...
Obama
Has Massive Lead -- in Other Countries... TRUMP
TO OBAMA: Release college, passport applications, I'll donate $5 million to
charity of choice... Goes
bust on TWITTER... ALLRED
MET OBAMA TWO WEEKS BEFORE 'OCTOBER SURPRISE' ALLRED
HITS DEAD-END IN ROMNEY DIRT DIG? 2ND
HEARING SET...
SURPRISE:
Feds sue BANK OF AMERICA...
10-23-12 RASMUSSEN:
R 50% O 46%... GALLUP:
R 51% O 46%... POLLS:
ROMNEY TAKES LEAD IN FAVORABILITY...
VIDEO:
Romney Wins CBS Focus Group In Ohio...
With
two weeks to go (feet to the fire), president releases second-term plan (Sounds
like a … non-plan; after all, what has wobama ever said/promised in a campaign
that’s come to fruition … right!… 0 as in zero as in O..bama) ...
STOCKS
ROCKED: DOW -200... Obama
Supporters Continue Threats To Riot, Assassinate Romney... Tweets Reveal Obama Supporters Fueled by ‘Racial Hatred’ Paul Joseph Watson | Chris Matthews gets it
wrong again. (Indeed he does!) }MSNBC
crowd boos 9-year-old girl for supporting Romney... Son
Of WI State Senator Attacked Protecting Romney/Ryan Sign... ... 5-year-old
girl raised by monkeys... President
'insulted, patronized, mocked' his opponent... What can wobama
say? He has but a record of abject failure to run on! And, the record IS
unequivocally utter failure! All the choom fantasy, fellow nigger intimidation
and threats will not change that fact! ]
10-22-12
GALLUP
MONDAY: R 51% O 45%...
GALLUP: R 52% 0 45%...
CO:
R 50% O 46%...
Image
of Romney crops up in Iowa farm field...
Chavez, Castro, Putin (
among others in the ‘pro-america’ block ) endorse Obama...
ISSA
TURNS UP HEAT ON SEBELIUS...
FABER:
Cut US Govt. By 50% Now!
PAPER:
Obama's Blind Eye to Illegal Donors...
Taxes
go up in 2013 for 163 million workers...
Man
busted for throwing pennies into Dem HQ; 'All he has left after being taxed by
Obama'... SIMON:
Should Obama Resign Tonight? International (pro-obama) monitors to watch US elections... Obama
Campaign Borrows $15M from Bank of America... Gov't
Foreign Debt Now $47,495 Per Household... $10,090/Household Owed to China... Mass
Shooting At Brookfield Square Mall In Wisconsin Submitted by Tyler Durden on 10/21/2012 Breaking news
of a mass shooting at the Azana
Salon and Spa at the Brookfield Square Mall. Details still scarce but
at least 4 people reported wounded and 3 more patients expected, emergency
responders are on the ground, and the mall has been put on lockdown. The
shooting suspect, who is said to have used a machine gun, is still at large.
Updates via @USEmergAlerts : BROOKFIELD SQUARE | U/D SUSP BLACK MALE 6'1" 270
LBS. BALD. BROWN EYES U/D BPD
RQST A MILWAUKEE SWAT TEAM & FLIGHT FOR LIFE IS ALSO LANDING AT THE NE
CORNER OF BROOKFIELD SQUARE | UEA555 }
Son
Of WI State Senator Attacked Protecting Romney/Ryan Sign... ...
10-19-12
REALCLEAR
MAP: Romney takes first lead in electoral college... Closing
26-point gap, Romney's favorability rating tops Obama's for first time... PA
SHOCK POLL: R 49% O 45%... VA:
R 50% O 47%... FL:
R 51% O 46%... GALLUP:
R 51% O 45% (10-19-12)...
Lifetime
Democrat Lee Iacocca Endorses Romney...
Jesse
Jackson Jr. may return to Mayo Clinic... Off
campaign trail since June, checks still paid to wife's consulting firm... Has
spent $110,000 since Rep dropped off...
CHICAGOLAND:
Pack of Teen Girls Arrested For Armed Robbery...
10-18-12 GALLUP:
R 52% O 45%...
PA
SHOCK POLL: R 49% O 45%...
WELFARE
SOARS 32% IN 4 YEARS... Now
costs $1,030,000,000,000... Jobless
claims rise most in 4 months... Obama DOES Have Investments In Cayman Islands Trust... ... and has a bigger pension than Romney! Under
president, for every $7 brought in by gov't, $11 spent... REALCLEAR
MAP: Romney takes first lead in electoral college...
{ Any state that President Romney doesn’t
carry is going to suffer! }
NC:
R 52% O 46%...
OH:
O 49% R 48%... MI:
O 44% R 41%... WI:
R 49% O 48%... R closes 11-point gap in just two weeks... O
Brags About His Appeal Among Toddlers (sure…them among other young people who
don’t understand how big a failure 0 is and how substantially he’s screwed them
and the nation for years to come!)...
OBAMA
ON COMEDY CENTRAL: 'WHEN FOUR AMERICANS GET KILLED, IT'S NOT OPTIMAL'
Violent
crime jumps 18%, first rise in nearly 20 years...
10-17-12 GALLUP:
R 51% O 45%
DICK
MORRIS: Romney won the second debate... Threats
to Assassinate Republican Romney Explode on TWITTER After Debate...
REPORT:
White House contradicts president's statement on Benghazi terror attack...
Despite
Pledge of Open Government, Obama Prosecuting Whistle-Blowers as Spies...
'When
I Was President'... {
Indeed, past tense for O and more than a Freudian slip as he heralds in new
President Romney, writing on the wall though noit his teleprompter!CAUGHT
ON TAPE: Michelle O Broke Rules, Clapped During Debate... 'On
Nov. 7, We're Going to Party Hard'...
U of
Colorado Study: 77% likelihood Romney wins popular vote...
Record
High Enrollment for Food Stamps: 46,681,833...
FOURNIER:
Verdict Uncertain... TREAT:
Candy gives Obama 9% more time... TRICK:
Candy 'Throws the Flag'... CANDYLAND:
Romney was 'right in the main' on Benghazi, but 'picked the wrong word'... Another
debacle for America's media... Reporters
applaud Obama's slam on Romney's wealth... Pelley:
'Most Rancorous Debate In History'... 'Nauesating'...
Reporters
Get Drunk at Debate... LUNTZ
GROUP: BIG SWING...
A Frank Luntz focus group made up mostly of former Obama
voters say they now support Mitt Romney.
Farrakhan's
Fiery New Warning to USA: 'Every Plague Written in Koran is Going to Come to
Pass'...
Yes, they are the other, more nefarious black plague! }
Violent
crime rises sharply... 6:53PM EDT
October 17. 2012 - WASHINGTON — The violent crime rate went up 17% last
year, ending a general decline in violence that began nearly 20 years ago,
according to a new federal survey of crime victims.The Justice Department's
National Crime Victimization Survey also found an 11% increase in the rate of
property crimes, including household burglaries and car theft.’ { Come on!
Perenially understated, these understated crime numbers don’t even take into
account ‘protected/unprosecuted’ wall street frauds/crimes in the trillions.
And, how about those fed paper bucks that ‘fell off the fed trucks’ even just
recently; kind of like those 360 tons of $100 bills ($12 billion) flown into
Iraq that just ‘disappeared into thin air, etc.. }
Driver
Doesn't Stop For 8 Blocks As Men ( two niggers ) Viciously Beat Woman On Public
Bus...
Greece
faces anti-austerity shutdown as EU meets... 'In
depression'...
10-16-12
GALLUP: R 50% O 46%
Ross
Perot endorses Romney...
GALLUP:
WOMEN TURNING AWAY (from MO O)... 'Stunning
He's ( obama) in Politics, Because He
Really Doesn't Like People'... TONIGHT'S
DEBATE 'DO OR DIE' FOR OBAMA... Questioners
Face $4,492 Tax Increase Next Year...
BUCK STOPS WITH ME: HILLARY TAKES BLAME... Pins
confusion on 'fog of war'... Hillary
Clinton to Obama in 2008: 'The Buck Stops In The Oval Office'...
Dem
Political Signs Scaring Away Customers in VA...
Camp
O attacks GALLUP again... Jesse
Jackson Jr. Speaks: 'Not well'... Thought
he was 'reincarnated chariot driver'...
Battery
maker with $249 million in taxpayer cash goes bankrupt...
CEO
touted 'green jobs' in Rose Garden...
STATE DEPT: Negotiations to keep troops in Afghanistan past 2014... FLASHBACK:
Biden: 'We are leaving in 2014. Period'...
GOV'T
STUDY CONFIRMS 'GAYDAR' EXISTS, 60% ACCURATE... http://albertpeia.com/governmentwaste.htm Coburn
calls Senate cohorts biggest waste in government...
GALLUP:
WOMEN TURNING AWAY A new USA TODAY/Gallup Poll of the Swing
States shows Mitt Romney with a lead among likely voters as he strengthens his
standing with women in the nation's top battlegrounds. }
New
Threats to Riot if Obama Loses Election... [ The threats alone are a reason sufficient for backing President
Romney. If left unchecked, the nigger terrorists will be even further
emboldened to their already egregious criminal, terroristic ways. No man,
woman, or child will be safe if the lethal black cancer grows. The 4 years of O
have been complete, utter failure and no amount of wobama b***s*** and nigger
intimidation can change that fact! Quite simply, niggers are inherently
criminal terrorists: Examples of what people are saying include the following;
“If
obama dont get re-elected & romney wins .. on life every white persons
getting pistol whipped and im startin a riot.” ( SOURCE )
“If
Obama don’t win lets start a riot so Romney know what he’s getting himself
into.” ( SOURCE )
“You
know you ain’t shit if you gotta “MAKE” Mafukas vote for ROMNEY ! …. Mannnn
OBAMA better get back in office . Or BLACK FOLKS will riot.” ( SOURCE )
“If
Romney wins im goin on a rampage.” ( SOURCE )
“If
Mitt Romney wins the election I think its our duties as Black folks to riot and
fuck shit up.” ( SOURCE )
“If
every action IS met with an equal and opposite reaction ..what should workers
do to employers if Romney’s elected? #Riot in the streets!!” ( SOURCE )
“If
Romney becomes president let’s all start a riot.” ( SOURCE )
“I
Heard Mitt Romney , Tryna Take Away Food Stamps , If He Do .”IMA START A RIOT ,
IMA START A RIOT.” ( SOURCE )
“If
romney wins, imma start a mf’n riot! Rns.” ( SOURCE ) ] [ Will The Election Results
Cause Massive Riots To Erupt All Over America? http://theeconomiccollapseblog.com http://albertpeia.com/massiveriotsinamerica.htm { Ah, yes, says the optimist who sees the
opportunity in every calamity and not vice versa. Indeed, President Romney’s
election based upon american people’s survival instincts and an awakening from
the wobama b***s*** slumber of decline will provide the opportunity to
incarcerate the niggers who will use such as an excuse to do what they’re
inclined/predisposed to do anyway, and in one lawless form or another, are
already doing. Prison or sub-saharan Africa are the only places suitable for
niggers. Let no man, woman, or child fall prey to their intimidation and
uncivilized violence. http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm VIDEO: Black Student Becomes Enraged In Evolution
Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm }
] Farrakhan
warns forces trying 'to keep America white'... CHICAGOLAND:
For second time, grandmother learns a grandson is shot to death... 5 dead, 25 wounded over weekend...
10-12-12
CAMPAIGN FREAKOUT! OBAMA LOCK UNDER 10
STATES As Election Day nears, Romney crowds
are surging...
Geithner defends (indefensible) O as
deficit again tops $1 trillion...
China's yuan hits record high against
dollar... BIG BANK SCORES RECORD PROFIT! Fed Money Pumped It Up... WYNN: My Employees 'Filled With Anxieties These
Days'... 'Every Business Guy I Know Is
Frightened Of Barack Obama'... Biden claims he voted AGAINST two
wars he voted FOR... REPORT: 'Fast and Furious' Whistleblower
Fired in DENNY's Parking Lot... PAPER: Feds now probing suspicious
activity in Rep. Jesse Jackson Jr. finances...
UPDATE: Hezbollah drone may have been
sent to monitor Israel's nuclear facility... Shot Fired Through Window at Obama
Campaign Office in Denver... Will The Election Results
Cause Massive Riots To Erupt All Over America? http://theeconomiccollapseblog.com http://albertpeia.com/massiveriotsinamerica.htm { Ah, yes,
says the optimist who sees the opportunity in every calamity and not vice
versa. Indeed, President Romney’s election based upon american people’s survival
instincts and an awakening from the wobama b***s*** slumber of decline will
provide the opportunity to incarcerate the niggers who will use such as an
excuse to do what they’re inclined/predisposed to do anyway, and in one lawless
form or another, are already doing. Prison or sub-saharan Africa are the only
places suitable for niggers. Let no man, woman, or child fall prey to their
intimidation and uncivilized violence! http://albertpeia.com/blackonbrowncrime.htm http://albertpeia.com/blackonyellowcrime.htm http://albertpeia.com/blackonwhitecrime.htm VIDEO: Black Student Becomes Enraged In Evolution
Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm }
Former Aide to Armstrong Talks of
Doping... In short order, however, it became clear to Ms. O’Reilly
that her tasks with the team would hardly be limited to kneading leg muscles
and doing laundry. In an interview this week, Ms. O’Reilly said she became a
regular player in the team’s doping program, one that investigators have
charged took on its most sinister and far-reaching dimensions with the arrival
of Lance Armstrong in 1998. Ms. O’Reilly, then not
yet 30, said she wound up transporting doping material across borders,
disposing of drugs and syringes when the authorities were lurking, and
distributing performance-enhancing substances to the team’s riders whenever
they needed them…’ ] Teammates turn on Armstrong... 26 testify... { So much for the atheist armstrong; what a
total fraud! Kind of like that other armstrong american fraud; the late, but
not great, moony armstrong! }
10-11-12 FLORIDA: R 51% 0 44%... Biden, Ryan at each other on
everything... TENSE... CNN POLL: R 48% B 44%... Chris Wallace: I've never seen a
candidate as disrespectful as Biden... Borger: Came Off As Condescending... Hume: 'Cranky Old Man'... Noonan: 'The old man pushed, and the
kid pushed back'... Biden Interrupted Ryan 82 Times? RNC AD: THE LAUGHTER... REALCLEAR MAP SHOWS SHIFT... OOPS: 'One large state didn't report some quarterly
figures'... SURPRISE: Jobless claims plunge... Officials don't ID mystery state... Biden contradicts State Department on
Benghazi security... Romney meets with Rev. Billy
Graham... 'I'll do all I can to help you'... Hungarian-born billionaire buys
airtime to warn against socialism... Carlos Slim, World's Richest Man,
Gets Richer Supplying 'Obamaphones' To Poor...
10-10-12 R 49% O 44% CAN HE GET THEM BACK? 10-11-12: Ryan prepares to take on
Biden... 70 million watched VP debate in
'08... Commission dismisses Raddatz-Obama
connection... Conflict of interest? Obama Defends Debate Performance: 'I
Was Just Too Choomed Out, Nothing to Say'... Campaign tries to quell panic... Dems frustrated by 'Big Bird' turn... Unions struggle to help... Jack Welch: I Was Right About That
Strange Jobs Report... Ohio Obama Rally Features Rap
Rendition of 'Sesame Street' Theme Song... ROMNEY: 'You have to scratch your head when president
spends week talking about 'Big Bird''... { Indeed! But, don’t scratch too
hard; after all, what else can he talk about? He can’t talk about his record of
unequivocal failure. He can’t talk about broken campaign promises (that would
take ages). And, he can’t talk about solutions to the nation’s problems …
because he has none which he has proven in 4 wasted, failed years. Moreover,
wobama’s absolutely clueless as to what to do to solve the nation’s substantial
problems, some caused/exacerbated by his own incompetence and failure. }Mother of Slain State Dept. Official
Tired of Being Lied To and Stonewalled by Obama Administration... Spain Downgraded to One Level Above
Junk... PAGLIA: FORGET OBAMA, I'M GOING GREEN
PARTY... REPORT: 'Most sophisticated,
professionalized and successful doping program that sport has ever seen'... Teammates turn on Armstrong... 26 testify... { So much for the atheist armstrong; what a
total fraud! Kind of like that other armstrong american fraud; the late, but
not great, moony armstrong! }CEO explains memo threatening layoffs
if Obama re-elected... FEDEX to cut thousands from
workforce... FACEBOOK Fought SEC to Keep Mobile
Risks Hidden Before IPO Crash... STATE DEPT SPINS NEW TALE ON BENGHAZI
ATTACK...
10-9-12 POLL: Romney leads in 11 swing
states... Takes lead in OH... PA, WI, MI close... Biden Has Not Sat for On-Camera
Nation TV Interview in 5 Months... CEO Threatens to Fire Employees If
President Is Reelected, Raises Taxes... Chain Cuts Workers' Hours over
Obamacare... Steve Wynn Slams Obama: 'I'll Be
Damned If I Want To Have Him Lecture Me'... Ohio Obama Rally Features Rap
Rendition of 'Sesame Street' Theme Song... ROMNEY: 'You have to scratch your
head when president spends week talking about saving 'Big Bird''... PANIC: Romney signs in VA defaced,
stolen and smeared with excrement... VIDEO...
10-8-12 GALLUP: 5-POINT ROMNEY BOUNCE... PEW: 18-point shift among women... POLL: Romney leads among independents
51-35... 'Enthusiasm' gap 13-point spread for
Republican... R closes gap in Michigan... R 49% O 47% University of Colorado: Updated election forecasting model
still points to Romney win... PAPER: Why Obama's campaign is falling apart... SULLIVAN: SOS OBAMA VEGAS REVIEW JOURNAL ENDORSES ROMNEY... Romney casts Obama's foreign policy
as weak, dangerous... MILITARY TIMES POLL: R 66% O 26%... BOUNCE: R 49% O 47% 8-point shift for Romney in
Colorado... Romney raises $12 million in 48
hours... OBAMA RAISES $181 MILLION IN SEPT --
JUST 2% OF DONATIONS REPORTABLE... Super PAC Donor on Obama: 'Looks Like
He Took My Million and Spent it All on Weed'... TEAM OBAMA BLAMES JOHN KERRY FOR
DEBATE LOSS... Man Tells Obama: Business 'Terrible
Since You Got Here'... NH voter: ‘O Couldn't run a lemonade
stand'... SNOOP DOGG TWEETS 10 REASONS NOT TO
VOTE FOR ROMNEY... 'He a white n****'... 'Bitch I will beat the sh** out of
you'... Police Union Warns 'War-Like' (nigger-town)
Detroit Unsafe For Visitors... Hands Out Flyers:
'ENTER AT YOUR OWN RISK'... GAS PRICES SET RECORD IN CA
10-5-12
BOUNCE IN POLLS: R PULLS AHEAD IN VA... R +3 IN FL... R +3 IN OH among those 'certain' to
vote... REALLY! 7.8% Total employment 'highest one-month
jump in 29 years'... Welch: President manipulating numbers
after debate performance... BLS economists donate to Obama
campaign? Rate Plummets to 4.3% -- For Govt
Workers... Report met with suspicion... ROMNEY: Rate more like 11%... OBAMA: Can't turn back now... SEPT. EMPLOYMENT: +114,000... Aug. number revised to +142,000 --
from +96,000... Welch: Obama manipulating numbers
after debate performance...
{ There are some people (and their assessments) that you might dismiss
as light-weight partisans… Jack Welch is not one of them! Indeed, among the
rarest breed historically of exceptional american CEO’s, Welch points to the
folly of preposterously a month before elections, on paltry/pathetic jobs
numbers ( election year temp/part-time for manipulating stats along with the
nebulous ‘stopped looking’ fudge factor) , following a disasterous debate
showing (of wobama failure and incompetence), the unemployment rate falls to
just below the ‘superstitious’ 8.0. If you’re a fool, you’ll buy into what is
tantamount to the obama 100% employment fantasy where literally everyone but
him has stopped looking for work and hence, not counted in compiling the
unemployment rate (and then those jobs in the millions lost and gone forever on
his watch - what a banana republic!). Come on, wake up!: JACK WELCH:
OBAMA IS MANIPULATING THE JOBS NUMBERS BECAUSE HIS DEBATE PERFORMANCE WAS
AWFUL…UNBELIEVABLE JOBS NUMBERS…THESE CHICAGO GUYS WILL DO ANYTHING…CAN’T
DEBATE SO CHANGE NUMBERS. }
SKYFALL RATTLED, O GOES ON ATTACK... BUCHANAN: Romney: Best debate
performance in 52 years... John Sununu calls Obama 'lazy and detached'... FLASHBACK: 'There's a laziness in
me'... Was Obama rattled by developing donor
scandal story? BIDEN: 'Yes, We Do' ... Keept away from press... AARP to President: Don't mention us
again... 67 MILLION: RATINGS JUMP FOR
DEBATE... 15 million more
than '08... Left-Wing Websites Reject Obama Ads,
Say Campaign Undercutting Them By Working With GOOGLEAOL... Harry Reid makes up quotes in another
attack on Romney... NYT: 'President Xanax'... Lost, bewildered without
teleprompter... Gas prices in CA hit record highs... Supply shortages
shut pumps...
ROUND WON: Romney Seized Offense in
Debate... You Were Fighting For Obamacare, Not
Jobs... 'The Path We’re Taking Is Not
Working'... FOURNIER: Cursed Obama Falls... MSNBC MATTHEWS: 'What Was He Doing!' Cutter takes swipe at Lehrer... Carville: 'Romney came with a
chainsaw'... Andrew Sullivan: 'This was a
disaster'... UH O Lost, bewildered without
teleprompter... CNN POLL: Romney Annihilates... Van Jones: 'Was Able To 'Out-Obama
Obama'... LEFT TURNS ON O... CA gas prices set to spike... Man beaten, robbed -- inside grocery
store! Another sex scandal rocks Detroit... { Was she the sex lackey of Detroit Blacky? …'The chief of police exceeded
his professional status,' David Robinson said. } 'He's breached the trust of
the department.'Godbee and Bing have been assailed by officers in recent weeks
over a 10 percent pay cut and implementation of 12-hour workdays to help cut
millions of dollars from the police budget. Officers complain the cuts and new
work rules are too much to take in a city with one of the highest violent crime
rates in the country. The 287 murders
committed through Sept. 23 in Detroit are 26 more than at the same point last
year’ Read more: http://www.dailymail.co.uk/news/article-2212064/Detroit-police-chief-suspended-affair-officer-tweeted-photo-gun-mouth-seeing-else.html#ixzz28JFPKs4U
10-2-12 NATIONAL JOURNAL SHOCK POLL: R 47% O
47%... BIDEN: Middle class has been 'buried'
during Obama's presidency... New Model to Predict Unemployment
Sees Rate at 8.1%...
POLL: 43% of voters certain they will vote for Romney. 42%
certain they will vote for Obama. Remaining 15% either uncommitted or open to
changing mind.... MORE...
POLL: Doctors choose Romney... DENVER BRONCOS John Elway Endorses
Romney... CNN poll magically tightens as
calendar turns... PAPER: Obama will need all the luck
that he can get...
RYAN: We Are Seeing Obama's Foreign Policy 'Unravel on Our
TV Screens'... 'Holder must go' over Fast and Furious...
Hundreds line up for $1.84 gas in
Michigan in Anti-Obama Stunt... 2012 DEBT SURPASSES 2011... Huge tax increase looms at year-end
'fiscal cliff'...
Jobs Outlook Weak as Companies
Reporting Cost Cuts... REPORT: Recovery faster for
immigrants than US-born workers... U.S. MILITARY DEATHS IN AFGHANISTAN HIT 2,000.... AFGHAN SOLDIER KILLS 2 MORE AMERICAN TROOPS... Biden Misstates Number Of Fallen Heroes... Military absentee ballots going AWOL in 2012... REPORT: 1 million Ohioans have 'Obama
phones'... RYAN WARNS: 'We need to tackle
challenges before they tackle us'... Dollar Falls Most in Year... UNIVISION report connects 'Fast &
Furious' to murders of 16 Mexican teenagers... NETWORK FINDS 57 UNREPORTED
WEAPONS... VIDEO **WARNING -- GRAPHIC**... RYAN: 'Holder must go'... Jets owner: I'd rather Romney win --
than the Jets! OCTOBER 1: OBAMA APPROVE AT 47% POLL: O 49% R 47%... POLL: O 49% R 47%... Eurozone hits record high unemployment... 18.2 million jobless... 'INEVITABLE NEW RECESSION'... One in 10 EU workers missed work for
depression... 26% in UK diagnosed... Greek youth unemployment hits 55%...
10-1-12
POLL: 43% of voters certain they will vote for Romney. 42%
certain they will vote for Obama. Remaining 15% either uncommitted or open to
changing mind.... MORE...
POLL: Doctors choose Romney... DENVER BRONCOS John Elway Endorses
Romney... CNN poll magically tightens as
calendar turns... PAPER: Obama will need all the luck
that he can get...
RYAN: We Are Seeing Obama's Foreign Policy 'Unravel on Our
TV Screens'... 'Holder must go' over Fast and Furious...
Hundreds line up for $1.84 gas in
Michigan in Anti-Obama Stunt... 2012 DEBT SURPASSES 2011... Huge tax increase looms at year-end
'fiscal cliff'...
9-28-12 Top Five Worst Obamacare Taxes Coming
in 2013... Romney: Debates a Clear Path to
Voters... 'We're going to win Pennsylvania'... SHOCK POLL PA: O 47% R 45%... Leno Turns: 'We Wasted Four Years
Waiting For Obama To Do Something About The Economy' { Yeah, Jay! } ... HOUSE CHAIRMAN CALLS FOR AMBASSADOR
SUSAN RICE'S RESIGNATION... JAY-Z: I'M WITH OBAMA CAUSE HE'S
BLACK... CHICAGOLAND: Black Gang Member Tells
Reporter, 'There Is No Solution To The Violence; Killing Is The Solution'... Member of 'Obama Boyz' gang charged
in St. Louis shootings... Riots Between Black, Latino Students
Break Out At CA High School... 'Cops Are Nowhere To Be Seen, 911
Placed People On Hold'... Anti-mafia judge jailed -- for
corruption ... COPS: Man Vandalizes 6 Churches
Because He Was Mad At God...
MITT DEBATE PLAN: CALL OUT OBAMA
LIES... GDP revised down to 1.25%... Durable orders drop 13.2% -- 'worst
since recession'... SANTELLI: 'Depressingly weak'... Census: Americans' Incomes Have
Fallen $3,040 During 'Recovery'... OBAMA HAS MY VOTE, HE GAVE ME A FREE
PHONE... SEIU Paid Protesters at Romney
Cleveland Rally... '$11 an hour'... Whoopi Goldberg curses out Ann
Coulter over book on race... UPDATE: 3 ( yes, 3 niggers) arrested
in vicious beating on Capitol Hill (Do white/yellow/brown people for O have a
death wish? After all, he/holder have protected the violent, anti-white black
panthers)...
9-27-12 MITT DEBATE PLAN: CALL OUT OBAMA
LIES... GDP revised down to 1.25%... Durable orders drop 13.2% -- 'worst
since recession'... SANTELLI: 'Depressingly weak'... Census: Americans' Incomes Have
Fallen $3,040 During 'Recovery'... OBAMA HAS MY VOTE, HE GAVE ME A FREE
PHONE... SEIU Paid Protesters at Romney
Cleveland Rally... '$11 an hour'... Whoopi Goldberg curses out Ann
Coulter over book on race... UPDATE: 3 ( yes, 3 niggers) arrested
in vicious beating on Capitol Hill (Do white/yellow/brown people for O have a
death wish? After all, he/holder have protected the violent, anti-white black
panthers)... IT'S ON! IOWANS
START VOTING FOR PRESIDENT
9-26-12 DICK MORRIS: Romney 'Pulls Ahead'... Romney: 'Pleased With Some Polls,
Less So With Others'... Romney pays tax rate 'higher than
what 97% of Americans pay'... SURVEY: 55% Of Small-Business Owners
Would Not Start Company Today, Blame Obama... Sebelius to hit campaign trail again
-- after breaking election law... Solution To Michelle Obama's new
school lunch menu: SNACK! Post Office Prepares for Second
Default in Two Months... Romney: President Doesn't Want People
To Know What Happened In Libya... Libyan president: Anti-Islam film had
'nothing to do with' attack... FLAMES OF ANGER SPREAD FROM MADRID TO
ATHENS... GREEK PROTESTS TURN VIOLENT... SPAIN ROCKED... COUNTRY 'COULD BREAK APART'... Honeymoon Over as Markets Brace for
Volatile Times...
9-25-12 Health Premiums Up $3,000; Obama
Vowed $2,500 Cut... Ralph Nader calls president 'war
criminal'... OBAMA PROCLAIMS FIGHT AGAINST
'SLAVERY' 2012: MICHELLE TALKS SLAVERY,
SEGREGATION... 'Back when our great-grandparents
were riding that Underground Railroad'... Madonna (the ‘black hand italian’ who
stups niggers) threatens to strip naked if Obama re-elected... Vote for the 'Black Muslim in the White
House'... COMPLAINTS MOUNT AGAINST MICHELLE O'S
NEW LUNCH MENU... 'WE ARE HUNGRY'... Chimpanzees
prefer fruit above all other food items and will even eat them when they are
not abundant. It will also eat leaves and leaf buds. Seeds, blossoms, stems,
pith, bark and resin make up the rest of their diet…’ } Senators to Hillary: Show us murdered
ambassador's cables... Libya tense after death of man who
caught Gadhafi... ...calls for vengeance GOP recalls Obama's earlier victory
lap... iPhone muggings up 40% in NYC...
9-24-12 PAPER: Don't believe hype on US
'recovery'... Pennsylvania Shock Poll: Obama 47%
Romney 45%... FLORIDA POLL: O 48% R 47%... Veterans retreating from president... Romney assails Obama after US ambassador's
murder... 'Bumps In The Road'... Ryan: Middle East looks like '1979
Tehran'... Slipping away? Obama campaign manager
now says DON'T PAY ATTENTION TO 'NATIONAL' POLLS... GALLUP SATURDAY: O 47% R 47%... RASMUSSEN: O 46% R 46%... Pushing 'change' is tougher this time
around... Early voting transforms campaigns...
9-21-12
GALLUP FRIDAY: O 47% R 47%... DICK MORRIS: Why The Polls Understate
Romney Vote... Romney Releases 2011 Tax Returns;
Paid $1.9 Million on $13.7 in Income... ...donated
$4,020,772 to charity Voluntarily paid more than
required... Harry Reid avoids prior claims... 'TIME TO SHOW YOURS, HARRY' Zuckerman: Obama Campaign 'Divisive
and Dishonest'... POLL: Distrust in Media Hits New
High... Biden on college cheerleaders: 'The
stuff they do on hard wood, it blows my (lobotomized) mind'... WHITE HOUSE STORY ON LIBYA FALLS
APART... 100 DAYS UNTIL LARGEST TAX HIKES IN
HISTORY... http://albertpeia.com/taxmaggedon.htm
9-20-12 FIRST SERIOUS INTERVIEW: O PRESSED ON
FAILURES BY UNIVISION Romney: Obama's New Slogan 'No, I
Can't'... GALLUP: O 47% R 47%... Median Income In OH Hits 27-Year
Low... US EMBASSY IN PAKISTAN UNDER SIEGE... IRAN: Hundreds chant 'Death to
France,' 'Down with the U.S.'... IRAQ: PM condemns
U.S. over YOUTUBE anti-Islam film... INDONESIA: U.S.
consulate shut for second day amid protests... AFGHANISTAN:
Hundreds chant anti-American slogans... Obama still blames video for Libya
attack? Ramos Rips Away... 'YOU DID NOT KEEP YOUR PROMISE'... Shouldn't you 'fire' Eric Holder? Student asks president for advice --
on how to find a job! PAPER: 'THE OBAMA YOU DON'T KNOW'... But beyond the
spin and the polls, a starkly different picture emerges. It is a portrait of a
man quite unlike his image, not a visionary reformer but rather a classic
Chicago machine pol who thrives on rewarding himself and his friends with the
spoils of public office, and who uses his position to punish his enemies. Peter
Schweizer captures this other Obama with a bracing statistic in his book
"Throw Them All Out," published last year. In the Obama economic
stimulus program's Department of Energy loans, companies owned and run by Obama
contributors and friends, like Solyndra's George Kaiser, received $16.4
billion. Those not linked to the president got only $4.1 billion. The Energy
Department is far from the only federal program in which favoritism has heavily
influenced federal grants. To paraphrase Tammany Hall's George Washington
Plunkitt, Obama has seen his opportunities and taken them, over and over. - Mark Tapscott / Executive
Editor’ Republican senators decry 'useless,
worthless' Clinton briefing... Lewinsky set to reveal Bill Clinton's
sex secrets in tell-all book... 'Worst nightmare'... OBAMACARE
TAX TO HIT 6 MILLION MOSTLY MIDDLE CLASS RASMUSSEN SWING STATES: R 47% O
46%...
9-19-12 OBAMACARE
TAX TO HIT 6 MILLION MOSTLY MIDDLE CLASS RASMUSSEN SWING STATES: R 47% O
46%... wobama doesn't remember how much
national debt is... 'I ACTUALLY BELIEVE IN
REDISTRIBUTION'... ROMNEY: 'We believe in free people
and free enterprise, not redistribution'... 'I'll deliver recovery, not
dependency'... Deputy takes fall in 'Fast and
Furious' probe... NATO pullback heightens doubts about
Afghan plan... Decision 'shatters implausible claims
of progress'... Another day, another disaster... Mich SecState: 4,000 noncitizens on
voter rolls... FRANCE TO CLOSE 20 EMBASSIES IN FEAR
OF CARTOON BACKLASH French mag runs drawing of Mohammad
naked; riot police stand guard... Report: 4 injured in Paris
explosion at kosher store...
GALLUP: O 47% R 46%...
9-18-12 GALLUP: O 47% R 46%... POLL CONFIRMS ROMNEY: OBAMA HAS
47%... Tax Compliance for Obamacare: 80
Million Hours... 'I ACTUALLY BELIEVE IN REDISTRIBUTION' Analyst: Fed's 'QE-Infinity' Will Push Gold Up to
$2,400... Mortgage Lending Slides to 16-Year
Low... WSJ: The Data Behind Romney's
Comments... REPORT: Median Income Worse Now Than
During 'Great Recession'... 'Unprecedented' Jump in Food
Stamps... Russia reveals vast diamond source
under asteroid crater could supply world market for 3,000 years... REPORT: NEWSPAPER AD REVENUES
COLLAPSE TO 1950 LEVELS... NYC ranked dirtiest, loudest, rudest
city in USA... Bailout cost counter... REPORT: For every $1 added to
economy, $3 added to debt... GALLUP: 67% OF DEMS SAY GOVT --
SHOULD DO MORE! Major Partisan
Divide on Appropriate Role...
9-17-12 ROMNEY GETS REAL: OBAMA SUPPORTERS
'DEPENDENT ON GOVERNMENT' GM WANTS OUT OF GOVT; OBAMA SAYS
NO... Bailout cost counter... REPORT: For every $1 added to
economy, $3 added to debt... GALLUP: 67% OF DEMS SAY GOVT --
SHOULD DO MORE! Major Partisan
Divide on Appropriate Role... 8,786,049: Yet Another Record for
Americans Collecting Disability... 16 people working
for each person collecting.. Dollar hovers near seven-month low;
Euro gains... inflation fears rise... New movie features disappointed Obama
voters...
9-14-12
US credit rating downgraded --
again... PUMPING BLAMED... CASH FOR BANKERS: Fed risks political
fallout... Faber: If I Were Bernanke, I Would
Resign... Gas Prices More than Double Under
Obama: $1.84 to $3.85... Kids Question Michelle: Where Will
They Move When President Loses? 'FULL-BLOWN CRISIS' JITS: CAMPUSES EVACUATED, CLASSES
CANCELED BY 'AL QAEDA THREAT'... Terror scare in Kansas City... North Dakota State University bomb
threat... 'Unspecified' threat at Valparaiso
University... Nuke Reactor Evacuated In Austin...
9-13-12
ELECTION MANIPULATION: NEW
PUMPING BEGINS!! { This is an
especially great opportunity to sell this suckers’ market/take profits!
Nothing’s been solved! Just because ‘no-recession-helicopter-ben’ says
something, does not mean it’s true (remember that ‘no recession call’ of his;
and, of course, no QE before the election, prospectively, already discounted
many times over by the ‘markets, such as they are, ie., algo buy programs,
etc.. ). All this and now ‘whatever’ is
too little and too late for the uss Titanic which has taken on too much, not
water, but b***s***. This was a desperate move, bespeaking desperation.The fact
is things are ominously so bad, and worse than ‘allowed’ to be seen for the
moment, that something as this QE which is economically and financially
contraindicated and a proven failure for all but the frauds on wall street
along with their cohorts including desperate politicos, is resorted to in
desperation to divert attention from their unequivocal failure. After all,
though having cost so many americans their jobs with wrong calls and policies,
bernanke is trying to save his own by inflating the markets (along with
everything else, ultimately hyperinflationary)
for fellow failure wobama’s sake (wobama rehired failure bernanke,
President Romney would have fired, and will fire him … goldman sachs knew this
dollar debasing failed policy QE 3 would come and at the expense of the
muppets…that’s their term for all you suckers). I further believe this
contraindicated largess to the frauds on wall street is to preserve his post
fedship tenure job possibilities by ingratiating himself even further with
those nefarious, self-serving interest groups. } STOCKS ROCK... FED TO USE $40 BILLION A MONTH FOR
BOND BUYING... OPEN ENDED... ROMNEY ASKED HIM NOT TO DO IT! REPORT: Feds work month less per year
than private sector... OBAMA GAFFE: WH CLARIFIES EGYPT NO
'ALLY' STATEMENT ISRAELI ARAB OFFICIAL WARNS OF
'ARMAGEDDON'... HILLARY TRIES TO COOL THE MOB... State Dept alerts travelers... Protesters storm American embassy in
Yemen... US Flags Burned at Tunisia embassy... New Clashes in Cairo... Consulate in Berlin evacuated... Iraqi militia threatens U.S.
interests... 'The Most Serious Challenge to
Obama'...
Median income lowest since 1995... Lower class grows... NEW CLASHES OUTSIDE US EMBASSY IN
CAIRO 9/11: AMERICANS KILLED IN LIBYA... ATTACK 'COORDINATED'... CIA SAW NO THREATS... OBAMA WENT TO SLEEP NOT KNOWING WHAT
WAS HAPPENING THERE... **WARNING** **GRAPHIC PHOTO**... Romney campaign links attacks to
failed Middle East policies... MSNBC asks: 'Who's More Dangerous,
the Supreme Leader in Tehran or Netanyahu?' OBAMA OFF TO VEGAS... CONVENTION BOUNCE GONE: O 46% R
45%... U.S. AMBASSADOR TO LIBYA, 3 OTHERS,
KILLED IN ATTACK American Ambassador 'Suffocated To
Death'... **WARNING** **GRAPHIC PHOTO**...
9-12-12 Median income lowest since 1995... Lower class grows... NEW CLASHES OUTSIDE US EMBASSY IN
CAIRO 9/11: AMERICANS KILLED IN LIBYA... ATTACK 'COORDINATED'... CIA SAW NO THREATS... FOR FIVE HOURS, NO ONE KNEW WHERE
AMBASSADOR WAS... BODY NOT RECOVERED FOR 12 HOURS... OBAMA WENT TO SLEEP NOT KNOWING WHAT
WAS HAPPENING THERE... **WARNING** **GRAPHIC PHOTO**... Romney campaign links attacks to
failed Middle East policies... MSNBC asks: 'Who's More Dangerous,
the Supreme Leader in Tehran or Netanyahu?' White House gave 'mixed signals'... Marines Headed to Libya to Reinforce
Security... PAPER: How Media Turned Obama's
Foreign Policy Bungle into a Romney Gaffe... Open mic catches reporters
coordinating questions... OBAMA OFF TO VEGAS... CONVENTION BOUNCE GONE: O 46% R
45%... U.S. AMBASSADOR TO LIBYA, 3 OTHERS,
KILLED IN ATTACK American Ambassador 'Suffocated To
Death'... **WARNING** **GRAPHIC PHOTO**... Romney Calls Obama Response:
'Disgraceful'... Muslims Attack US Embassies... Mobs with guns and rocket-propelled
grenades... FLASHBACK: Hillary Clinton boast on
Gaddafi: 'We came, we saw, he died'... PROTEST: $9 gallon for gas in NY and
NJ... Why did Obama use N-word to describe
his grandfather? Suspected Bank Robbers Toss Cash Out
Window During Police Chase... VIDEO... { A neighborhood nigger in response to a reporter
lauded the criminal acts of the armed niggers saying they brought cash into the
neighborhood where (other niggers) ‘people’ are hurting. Isn’t that among the
typical rationalizations that underlie every dastardly deed perpetrated by the
uncivilized niggers? The niggerized DOJ under holder/obama similarly finds ways
to rationalize not prosecuting as promised; ie., biggest frauds on wall street,
mfglobal/jon corzine, defense of and protection for black panthers, etc.. How
can people wonder why this nation’s crumbling? }
9-11-12
MOODY'S WARNS: US CREDIT RATING COULD
BE CUT... Germany: 'Great Uncertainty' About US
Debt...
STRIKING TEACHERS BEGIN TO TURN ON
PRESIDENT... Obama On Track To Have Worst Job
Record Since WWII...
Spies press for renewal of broad
electronic surveillance law...
MOB STORMS EMBASSY IN CAIRO... TEAR DOWN AMERICAN FLAG... BLACK FLAG RAISED... 'There is no God
but Allah and Mohammad is his messenger'...
FLASH: US consulate in Libya set on
fire...
American reported killed...
9-10-12
ROMNEY: 'Forwarned' is better than
'forward''... { Sampling
some of the network talking head roundtables over the weekend I was astounded
how many wobamanoid apologists talked up the dismal, paltry private jobs, many
part-time or low-pay, without mention of the record insurmountable $5 trillion
increase in the deficit to create them for the purpose of obfuscating wobama’s
blatantly failed performance as potus. Such people, either so partisan, so
unschooled in the relevant disciplines, so ill-prepared for the journalistic
task entrusted to them, literally have no defendable place in the field of real
journalism and are an embarrassment to all that journalism purports to be. }DICK MORRIS: Obama Thugs Rough Up
GALLUP For Polls They Don't Like...
POLL: O 49% R 45%... DEMS SOFT ON WALL STREET CRIMES... FLASHBACK: CARTER +4 OVER REAGAN IN
SEPT 1980 [+8 IN OCT]... FLASHBACK: DUKAKIS +17 OVER BUSH
AFTER DNC 1988...
DICK MORRIS: Advantage Romney... REPORT: GOV'T MOTORS LOSES
$49,000 ON EACH CHEVY VOLT... 'The Democrats' GM Fiction'... Pentagon buys hundreds to 'green up'
military... Gun Sales Surging... Woodward: A president cornered... MAG: An Overdose of Hope...
OBAMA PIZZA MAN PLEADS: DON'T BOYCOTT
ME!
CHICAGO TEACHERS WALK OUT... Turn Down 16% Pay Raise... Have Highest Average Salary In
Nation... Average $76,000 per year before benefits... SCHOOLS OPEN -- BUT JUST TO SERVE
FREE MEALS... 400,000 STUDENTS UNLEASHED... Cops Pour Onto Streets'...
9-7-12 8.1% +96,000 FED SET TO PUMP 368,000 DROPPED OUT 88,921,000 'NOT IN LABOR FORCE' Milbank: Demigod falls to earth... After a couple of nights at the Time Warner Cable Arena, the convention
was to have closed with President Obama’s acceptance speech at the Bank of
America Stadium, where convention officials were planning to squeeze nearly
6,000 seats onto the field to expand the stadium’s capacity beyond its usual
74,000. But the speedway event was
canceled — ostensibly because of logistical problems but more
likely because convention fundraising was
running low . Then the Democrats canceled the stadium event in favor of
the smaller arena — ostensibly because of “severe thunderstorm” concerns but
more likely because they couldn’t be sure enough people would come to fill the
stadium.In fact, the forecast hadn’t called for severe weather, and conditions
were fine Thursday night. The change caused thousands to be turned away , and the crush
of crowds at the arena led authorities at one point to lock down the building
for a second straight night – leaving some delegates on the street while
lobbyists enjoyed the proceedings inside…’ CLINT SPEAKS: Obama 'greatest hoax
ever perpetrated on American people'...
White House to miss deadline for
report on 'fiscal cliff' budget cuts...
O: I'M NOT DONE YET
NOONAN: 'Stale and empty... he is out
of juice'... OBAMA HAMMERED IN FIRST REVIEWS... FROM THE LEFT: TOMASKY: Pedestrian
and Overconfident... FROM THE RIGHT: KRAUTHAMMER: 'One Of
The Emptiest I Have Ever Heard'... AP: Obama and the phantom peace
dividend...
9-6-12 O: I'M NOT DONE YET
NOONAN: 'Stale and empty... he is out
of juice'... OBAMA HAMMERED IN FIRST REVIEWS... FROM THE LEFT: TOMASKY: Pedestrian
and Overconfident... FROM THE RIGHT: KRAUTHAMMER: 'One Of
The Emptiest I Have Ever Heard'... AP: Obama and the phantom peace
dividend...
Reporters Using 'Fake Names' to Buy
Campaign Merchandise and Donate at DNC... DNC delegates: Let's ban corporate
profits!
Greek unemployment rises to 24.4%... Separatism threatens future of
Spain... Hungarian Leader 'Unfriends' IMF on
His FACEBOOK Page, Rejects Tough Loan Conditions...
REPORT: San Antonio Mayor Castro
'Doesn't Really Speak Spanish,' Had To Hire Tutor... Lobotomy
Joe’s derivative, hypothetical endorsement from ‘One Step Beyond’: 'My dad respected Barack Obama - would've respected Barack Obama
if he'd been around'...
UPDATE: Woman Who Contracted
Flesh-Eating Bacteria From Dog Saliva Dies...
9-5-12
Drudgereport: Dems Ram 'God' and Jerusalem Back
into Platform... VIDEO... Delegates at convention boo, hiss, jeer... REPORT: Obama had seen language prior
to convention 'but did not seek to change it'... HALL DIVIDED... Jewish, Palestinian Leaders Fume... Romney: 'I think it's a very sad
day'...
THEY BOOED PUTTING GOD BACK!
9-4-12 Drudgereport: UPDATE: Obama gives himself an
'incomplete' grade... {
Wow! The audacity! The unmitigated gall! This from the record holder for
fundraisers, 151 and counting. Then there’s the 100 plus rounds of golf in
addition to being famously over-vacationed while in office. Did wobama expect
that these things would in choom fashion magically come to fruition while he
was ‘workin on his tan’, golf swing, or shootin’ hoops on the taxpayer dime? http://albertpeia.com/wobamaschoomgangfantasy.htm
The point is that you don’t have to love
Romney but you at least have to like yourself in saying ‘NO!’ to more wobama
b***s*** which is all that he is. Have some self-respect. His grade is
unequivocally ‘F’ for failure, having failed to do as promised which
coincidentally is a direct cause among others of this debacle called america’s
dark obama years. All the talk/b***s*** cannot change that reality. }
Poll: R 48%
O 44%
RASMUSSEN: ROMNEY 47% OBAMA 44%... GALLUP: ROMNEY 47% OBAMA 46%...
Dem Gov.: We're Not Better Off Now...
GALLUP: Obama Job Approval Drops to
43%... PROTESTERS VOW BIGGER CROWDS IN
CHARLOTTE... 'Occupy' encampment re-opens near Dem
convention... DNC security rules trigger free
speech worries...
KING: Obama presidency has been time
of deep Dem decline... Frustrated union leader throws empty
chair...
RECORD-HIGH LABOR DAY GAS PRICES
GREET DEMS IN CHARLOTTE...
RYAN: President 'running campaign
based on envy and division'...
GOP launches 'Obama Isn't Working'
message...
SUNDAY: Dem Gov. -- We're Not Better
Off Now... MONDAY: 'We're Clearly Better Off'...
BIDEN: 'If It Weren't So Hot I'd Go
Into Detail'...
Debt to hit $16 trillion just as
party gavel in convention... Dems to bus in black church members
from SC... ID required to attend...
'GODFATHER' TO CUT DNC TRIP SHORT... Chicago schools brace for strike...
'GOD' LEFT OUT
Dems Drop 'God' From Party
Platform... REUTERS PHOTO DEPICTS HARRY IN
HELLFIRE... Endorse taxpayer-funded abortions... DNC Video: 'The Government Is The
Only Thing We All Belong To'...
ABCNEWSWASHPOST POLL: Obama personal
popularity fading... Women Turning...
DEBT TOPS $16T... $136,249 Per Household...
FOOD STAMP USE CLIMBS TO RECORD 46.7
MILLION...
Key SOLYNDRA figure 'ran for exit'
after seeing ABCNEWS cameras on DNC floor...
UPDATE: Obama gives himself an
'incomplete' grade... POLL: Just 40% say he deserves second
term...
POLL: Less Than Half of Army Officers
in Afghanistan Report High Morale...
Panicking Spaniards Pull Out Cash,
Leave Country... Depression, Suicides Rise as Euro
Debt Crisis Intensifies... MOODY'S Changes Rating Outlook to
'Negative'...
COPS: Mother Forces 10-Year-Old Boy
To Rob House...
{ Shafique (black) and her son ran away but Lynnwood police arrested
her. They found a stolen laptop and crack cocaine. }
8-31-12
CHICAGOLAND: SHOOTING BLOCK FROM
OBAMA'S HOUSE; 2ND IN WEEK
Global food prices jump 10% in month!
Bernanke spells out feeble state of
economy... Defends Bond Buying…{for fraudulent
wall street’s benefit only-you’re paying for it, in higher prices, etc.,
there’s no free lunch}... Oil surges... Japan to cut state spending, could
run out of money in month...
LANCE ARMSTRONG'S PERSONAL ASSISTANT
UNLOADS... http://www.outsideonline.com/outdoor-adventure/biking/road-biking/My-Life-With-Lance-Armstrong.html { What a total scumbag atheist lance
armstrong is! He’s really bad news! What a total fraud armstrong is! }
8-30-12
President Romney Biographical Tribute
Airs at RNC...
OBAMA: I Didn't Do Good Enough Job
Selling Americans On Stimulus Plan... Billboard features child flipping off
president...
Half of Americans die nearly broke...
REPORT: Correspondence and collusion
between NYT and CIA...
8-29-12
SHOCK CLAIM: Obama Honors Fallen
SEALs By Sending Parents Form Letter Signed By Electric Pen... 25+ INCHES OF RAIN SLAMS LA... MRS. AMERICA { Indeed! Her speech was well delivered,
poignant, truthful and touching! }CHRISTIE SPEECH: TEXT... { I had no idea Gov. Christie was a former
federal prosecutor. Maybe he could find out what happened to asst. us attorney
Jonathon Lacey, the files/documents/exhibits etc., from as well, former us
attorney alito and fed judge maryanne trump barry, former us trustee Leonard,
etc. … http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm }
8-28-12
MRS. AMERICA { Indeed! Her speech was well delivered,
poignant, truthful and touching! }CHRISTIE SPEECH: TEXT... { I had no idea Gov. Christie was a former
federal prosecutor. Maybe he could find out what happened to asst. us attorney
Jonathon Lacey, the files/documents/exhibits etc., from as well, former us
attorney alito and fed judge maryanne trump barry, former us trustee Leonard,
etc. … http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm }Gasoline To Hit Labor Day Record
Price... University of Virginia
Declines Obama Campaign Request... EX-NFL GREAT TO BLACKS: SAY NO TO
OBAMA... 70% of Obama's 19 million TWITTER
followers fake... CHICAGOLAND: 13 shot in 30-minute
span... FLASHBACK: Obama -- 'Chicago Is
Example of What Makes This Country Great' { Wow! Talk about choom fantasy…
unless you’re a fan of…Al Capone! } ...
8-27-12
Protesters Dressed As Giant Vaginas
Greet Delegates... Video...
'Kill Mitt Romney' FACEBOOK Page Has
27 Likes, Still Online...
FEDS: Too few Americans
'turn to the government for assistance'...
BOX OFFICE: Anti-Obama Movie #1... Developing... University of Virginia
Declines Obama Campaign Request... EX-NFL GREAT TO BLACKS: SAY NO TO
OBAMA...
70% of Obama's 19 million TWITTER
followers fake...
Godfather on Casino: 'I Want it For
Our Kids'... CHICAGOLAND: 13 shot in 30-minute
span... FLASHBACK: Obama -- 'Chicago Is
Example of What Makes This Country Great' { Wow! Talk about choom fantasy…
unless you’re a fan of…Al Capone! } ...
8-24-12
BOX OFFICE: Anti-Obama Movie #1...
Developing... University of Virginia
Declines Obama Campaign Request... EX-NFL GREAT TO BLACKS: SAY NO TO
OBAMA...
70% of Obama's 19 million TWITTER
followers fake...
Romney To Hometown Crowd: 'No One Has
Asked To See My Birth Certificate'...
8-23-12
FOXNEWS POLL: Romney Pulls Into
Lead... Republicans eye return to
gold standard... Romney Reiterates He Would Replace
Bernanke... Analysis: Incomes Fall More Under
Obama... Big Loss for Those Near Retirement... USA $20 trillion in debt by 2016...
FABER: Odds of Global Recession Are
100%...
GALLUP: Romney edges Obama...
8-22-12
GALLUP: Romney edges Obama...
'RUDE' BUT TRUTHFUL PICTURE OF
TELEPROMPTER OBSCURING OBAMA’S FACE FROM REUTERS PHOTO RAISES EYEBROWS...
Texas Judge Preparing For
'Civil War' If Obama Re-Elected...
ROMNEY: President 'Has Tried To
Substitute Government For Free People'...
PAPER: THE LEFT HAS BEEN TOO KIND TO
OBAMA...
Feds join 'false claims' suit against
polling firm...
Postal Worker's Vacation Halts Mail
In Jersey City, NJ...
TINA FROWN! { Newsweek on wobama’s failed presidency – Newsweek
relevant! http://albertpeia.com/hittheroadborackanddontyoucomebacknomorenomorenomorenomore.htm }GALLUP: ROMNEY 47% OBAMA 45%
8-21-12
$500,000 of stimulus cash spent to
air Obama ads during Olbermann, Maddow shows...
Romney raising cash from
traditionally Dem cities...
Switzerland objects to Obama campaign
film slur...
Americans tune out Afghan war as
fighting rages on...
TINA FROWN! { Newsweek on wobama’s failed presidency – Newsweek
relevant! http://albertpeia.com/hittheroadborackanddontyoucomebacknomorenomorenomorenomore.htm }GALLUP: ROMNEY 47% OBAMA 45% ROMNEY: Time to Audit the Fed...
GAS PRICES SET RECORD... Poll: Not better off now than in
2008...
8-20-12
TINA FROWN! { Newsweek on wobama’s failed presidency – Newsweek
relevant! http://albertpeia.com/hittheroadborackanddontyoucomebacknomorenomorenomorenomore.htm }GALLUP: ROMNEY 47% OBAMA 45% ROMNEY: Time to Audit the Fed... OBAMA DENIES FELONY SMEAR ON
ROMNEY... 'We don't go out of bounds'... FLASHBACK: 'Romney committed a felony
or lied to voters'...
8-17-12
GALLUP: ROMNEY 47% OBAMA 45% Romney Supporter Spat On by 83-year-old Protester in
Wisconsin... RNC touts record-breaking July fundraising... FACEBOOK freefall continues... Investors Losing Faith... Zuckerberg: 'Painful'... More California cities at risk of bankruptcy... Woman who rescued animals killed in dog attack...
8-16-12
WON'T BREAK THE CHAIN: STICKING WITH LOBOTOMY JOE!
MSNBC Host: Romney Engaging In 'Niggerization' Of
Obama { Well, if the shoe fits…and the shoe fits only too well for
jive-talking, b***s***, grifter/fraud wobama, who has actually accorded
protection to the black panthers who have threatened whites as matched with
dasterdly deeds of violence by blacks against all other races! MSNBC said it, and truth be told, it doesn’t
take much to see it in light of the fact that wobama’s just a typical
jive-talking, incompetent, b***s*** nigger!
}...
ROMNEY, RYAN PREPARE FOR ASSAULT ON OBAMA'S
SPENDING... U.S. Foreign Debt Hits Another Record...
Democrats' nerves start to show... VA BAKER SAYS NO TO BIDEN STOP... Secret Service buys cupcakes as thanks... Customers flock in... 'OBAMA CAN KISS OUR A**'...
HOW LOW WILL IT GO? FACEBOOK STOCK PLUNGES... Has lost half of value...
JULY DEADLIEST MONTH OF 2012 FOR TROOPS... ARMY SUICIDES SET RECORD... FBI: Federal court clerk sold secret info to L.A.
gangsters...
New Jersey unemployment rate at 9.8%, highest since
1977...
REPORT: GM's European failure will prompt second
Obama bailout...
CHICAGOLAND: City Worker Caught Stealing 500 Feet Of
Copper -- Off Midway Airport Runway!
Ecuador grants WIKILEAKS founder asylum... 40 police surround embassy... U.S. denies pushing arrest...
Obama defends Biden on 'chains' comment...
HE DID IT AGAIN: LIVING IN WRONG CENTURY! REPORT: Obama has 22 days to drop Biden from
ticket... VIDEO: Biden Refers to Ryan as 'Governor'... Now Social Security Administration To Purchase 174
Thousand Rounds Of Bullets!
Hypersonic aircraft crashes seconds into military
test flight...
Thousands of Federal Retirees Get Six-Figure
Pensions...
CHICAGOLAND: 50,000 line up for Obama amnesty
program... Labor Dept. Attempts to Stop Layoffs by Giving $100
Million to States, Subsidize Payrolls...
VIDEO: Biden Imitates Sign Language Lady… [ I’m quite
serious when I say lobotomy joe biden had part of his brain removed… he
literally had part of his brain surgically removed…his nonsensical outbursts
are symptomatic of lobotomies generally…] ... Wonderment Whether Biden Has 'Mental Capacity' for
Presidency... VP says 'We can win North Carolina' -- while
campaigning in Virginia...
New Black Panthers to RNC: Our 'Feet Will Be On Your
Motherf***ing Necks'{ Listen to these uncivilized, dumb niggers! This is
typical nigger talk and predisposition to criminal action/violence! How can
whites et als self-destructively embrace the niggers? Niggers are beasts of
burden and burdens wherever they are. There are few physical tasks they do well
and even fewer of said available tasks relative to their populations to make a
difference. They are a near complete washout in non-physical tasks, are too
costly and are bad workers, unproductive generally to employ and not worth the
enormous cost and trouble. The very scant few exceptions are statistically
insignificant. Niggers belong in jails where they can commit no crimes in
general society; plus there’s the savings thereby on their invariably wasted
welfare, programs in addition to their predisposed crimes on the outside…It is
far cheaper to jail them which is best for civilized society (look at their off
the charts crime rates, and that’s only those that are caught! They’ve
literally destroyed cities as is so wherever they are in concentrated numbers.
These are indisputable facts/truths that civilized societies/governments can no
longer afford to deny.) } ...
REPORT: Ill. state workers forced to attend Pelosi,
Jesse Jackson Jr. event on taxpayer dime... Buchanan: 'Obama has steadily diminished both himself
and the office he holds'... Campaign admits knowing story behind flawed PAC
attack ad...
UPDATE: Postal Service Posts Big Loss as Cash Runs
Low... UPDATE: Jesse Jackson Jr. being treated for bipolar
disorder... { Mayo
Clinic: Jackson has bipolar depression }SPIRITS SPEAK TO PELOSI ( Riiiiight! And they keep
telling her… ‘bankrupt america…bankrupt america…bankrupt america’….she believes
them, tries her best to comply, and follows their advice! Meanwhile, by way of séance, hillary getting
the message…’more world strife…more world strife…more world strife…’ and she’s
complying! Not to be left out of democratic party stratagems, wobama’s been
seen sticking pins into a doll that bears an uncanny resemblance to President
Romney… If only they had a real strategy and knew what they were doing! ) ... Over 100M in America on Federal
Welfare...
8-15-12
Obama defends Biden on 'chains' comment...
HE DID IT AGAIN: LIVING IN WRONG CENTURY! REPORT: Obama has 22 days to drop Biden from
ticket... VIDEO: Biden Refers to Ryan as 'Governor'... Now Social Security Administration To Purchase 174
Thousand Rounds Of Bullets!
Hypersonic aircraft crashes seconds into military
test flight...
Thousands of Federal Retirees Get Six-Figure
Pensions...
CHICAGOLAND: 50,000 line up for Obama amnesty
program... Labor Dept. Attempts to Stop Layoffs by Giving $100
Million to States, Subsidize Payrolls...
VIDEO: Biden Imitates Sign Language Lady… [ I’m quite
serious when I say lobotomy joe biden had part of his brain removed… he
literally had part of his brain surgically removed…his nonsensical outbursts
are symptomatic of lobotomies generally…] ... Wonderment Whether Biden Has 'Mental Capacity' for
Presidency... VP says 'We can win North Carolina' -- while
campaigning in Virginia...
New Black Panthers to RNC: Our 'Feet Will Be On Your
Motherf***ing Necks'{ Listen to these uncivilized, dumb niggers! This is
typical nigger talk and predisposition to criminal action/violence! How can
whites et als self-destructively embrace the niggers? Niggers are beasts of burden
and burdens wherever they are. There are few physical tasks they do well and
even fewer of said available tasks relative to their populations to make a
difference. They are a near complete washout in non-physical tasks, are too
costly and are bad workers, unproductive generally to employ and not worth the
enormous cost and trouble. The very scant few exceptions are statistically
insignificant. Niggers belong in jails where they can commit no crimes in
general society; plus there’s the savings thereby on their invariably wasted
welfare, programs in addition to their predisposed crimes on the outside…It is
far cheaper to jail them which is best for civilized society (look at their off
the charts crime rates, and that’s only those that are caught! They’ve literally
destroyed cities as is so wherever they are in concentrated numbers. These are
indisputable facts/truths that civilized societies/governments can no longer
afford to deny.) } ...
REPORT: Ill. state workers forced to attend Pelosi,
Jesse Jackson Jr. event on taxpayer dime... Buchanan: 'Obama has steadily diminished both himself
and the office he holds'... Campaign admits knowing story behind flawed PAC
attack ad...
UPDATE: Postal Service Posts Big Loss as Cash Runs
Low... UPDATE: Jesse Jackson Jr. being treated for bipolar
disorder... { Mayo
Clinic: Jackson has bipolar depression }SPIRITS SPEAK TO PELOSI ( Riiiiight! And they keep
telling her… ‘bankrupt america…bankrupt america…bankrupt america’….she believes
them, tries her best to comply, and follows their advice! Meanwhile, by way of séance, hillary getting
the message…’more world strife…more world strife…more world strife…’ and she’s
complying! Not to be left out of democratic party stratagems, wobama’s been
seen sticking pins into a doll that bears an uncanny resemblance to President
Romney… If only they had a real strategy and knew what they were doing! ) ... Over 100M in America on Federal
Welfare...
8-14-12
DER SPIEGEL: Investors Prepare for Euro Collapse... Summer of gloom in Rome... Honeymoon over, outlook worse for French president... ...vows to impose order after rioting
Obama campaign: 'We have no problem with those
comments'... ROMNEY camp: 'New low for o'...
8-13-12
UPDATE: Taxpayer loss on auto bailout revised upward
to $25b... Obama Campaign Defends President's $700 Billion Cuts
to Medicare... HOUSE SUES HOLDER 10,000+ ROMNEYRYAN RALLY IN WI REPORT: Obama fundraiser in Chicago. 'Admission only
$51, but room is half full'... GOOGLE to Cut 4,000 Jobs... NO DOUBT: Michelle O Has 'Sunday of Fun' at Stefani's
House... UPDATE: Jesse Jackson Jr. being treated for bipolar
disorder... { Mayo
Clinic: Jackson has bipolar depression }U.S. destroyer collides with oil tanker in Strait of
Hormuz... Greece sinks again, more cuts to save bailout in
store... Merkel ally sends stark warning...
8-10-12
VIDEO: Paul Ryan took apart Obama and Obamacare -- in 6 minutes! Romney Running Mate 9AM ET Saturday in Norfolk... Nauticus Museum, home of USS Wisconsin... SOURCES: Final names were Ryan, Rubio, Pawlenty,
Christie, Portman and one unnamed wild card... ROMNEY MADE CALLS LATE LAST NIGHT TO THOSE WHO DID NOT
GET SLOT...
RYAN ROCKS IT!
Obama Super PAC Ready to Launch More 'Incendiary'
Attacks... GALLUP: O APPROVAL SLIPS TO 43%... SPIKE LEE: 'EXPECTATIONS WERE WAY TOO HIGH'... REPORT: STAR OF FLAWED 'CANCER' AD OFFERED BUYOUT... 'A cancer within the cloak of the Presidency'...
U.S. banks told to make plans for preventing
collapse...
Niggertown DC judge robbed at gunpoint...
NINTH CIRCUIT COURT HEADS TO HAWAIIAN JUNKET DESPITE
OUTCRY YOGA, SURFING, ZUMBA DANCING!
8-09-12
Buchanan: 'Obama has steadily diminished both himself
and the office he holds'... Campaign admits knowing story behind flawed PAC
attack ad...
UPDATE: Postal Service Posts Big Loss as Cash Runs
Low...
SPIRITS SPEAK TO PELOSI ( Riiiiight! And they keep
telling her… ‘bankrupt america…bankrupt america…bankrupt america’….she believes
them, tries her best to comply, and follows their advice! Meanwhile, by way of séance, hillary getting
the message…’more world strife…more world strife…more world strife…’ and she’s
complying! Not to be left out of democratic party stratagems, wobama’s been
seen sticking pins into a doll that bears an uncanny resemblance to President
Romney… If only they had a real strategy and knew what they were doing! ) ...
ITALY SLAMS GERMANY IN EU FIGHT... More Abandoned Children as Austerity Wears On... Greek jobless rate hits record...
8-08-12
Over 100M in America on Federal
Welfare...
Gingrich Warns: Obama 'direct threat' to my
grandchildren's future...
BOOK: Blago claimed $25,000 channeled to Obama...
Miami Cannibal Victim's First Interview: 'He Just Ripped
Me To Ribbons. He Chewed Up My Face. He Plucked Out My Eyes'...
WHO NEEDS CONGRESS? (Not wobama the dictator!) Obama
Considering Executive-Branch Action on 'Internet Security'...
Nearly half of long-term U.S. immigrants are on
welfare...
$5.2b in fraudulent tax refunds to immigrants...
8-07-12
Romney says Obama favors 'culture of dependency'...
OBAMA: 'I'm not the president of black America'… {
Well, meaningless distinctions notwithstanding, as of January 21, 2013, this
failed president B.0. is president of nothing! } ... Blames State, Local Govts, Congress for 14.1% Black
Unemployment...
Voters in Detroit Turned Away For Refusing To Fill In
Citizenship Box On Ballot... Polls open late after official oversleeps … { just
another day in niggertown detroit! } ...
SHOCK VIDEO: Abortionist says ridding 'ugly black
babies' service to taxpayers { Well, sometimes the truth hurts! }...
Obama stops taking questions from press...
8-06-12
Obama stops taking questions from press... Biden Takes Another Week Off...
OBAMA (who plays his 104 th round of golf as potus) POPULARITY SOARS -- IN NIGGERTOWN DC!
Plays 104th round of golf (as nation flounders)... HARRY REID HELPS CHINESE SOLAR FIRM REPRESENTED -- BY HIS SON! PAPER: It's time to fight back against Dirty Harry...
Wife: Rep. Jesse Jackson Jr. getting treatment but
'still very depressed'... Ethics investigation continues...
DEVIL WENT DOWN TO DC: Charlie Daniels unloads
'dag-blamed truth' on Obama... NEW RULES: Obama weighs executive-order on 'Internet
security'... REPORT: IRAN TEST-FIRES SHORT-RANGE MISSILE... Iran airs confessions in murder of Iranian
scientists... Goes offline to dodge cyber-attacks...
7 SHOT DEAD AT SIKH TEMPLE
BLOODBATH IN WISCONSIN... Milwaukee suburb... Video...
Cash pours in to Romney campaign; another $100
million month...
8-03-12
POLL: Obama Job Approval Slips to 44%; Matches 2012
Low... 8.3% upwards of 15% U6 with ‘stopped looking’
fudge factored, etc.. }
Godfather refers SOLYNDRA questions to consigliere in
White House...
Colin Powell's Son As Next DC Mayor?
Clint Eastwood backs Romney: 'Country needs boost'… {
Clit redeems himself … I’m impressed! } ... PHELPS MAKES MORE HISTORY WITH FLY...
Zuckerberg has lost $9 billion since IPO...
8-02-12
GM PROFITS PLUNGE 41%... Feds keep buying more cars...
HEATWAVE ON HILL:Romney to Reid: 'Put up or shut up'... Dems apologize to Adelson for 'Chinese prostitution'
comments...
Mainstream Media Blacks Out CHICK-FIL-A Story?
FAKEBOOK MILLIONS: PETS MAKE PAGES...
8-01-12
POLL: Romney jumps to 20-point
advantage among white voters...
WAIT FOR FALL: Fed Sees Economy Slowing But Holds Off
on New Steps... Gigantic NYC Sinkhole Swallows
Cars Whole...
OBAMA AUTHORIZES SECRET SUPPORT FOR SYRIAN
'REBELS'...
Obama speaks with world leader while holding baseball
bat?
7-31-12
POLL: Romney jumps to 20-point
advantage among white voters... Obama donates cash to his own
campaign... THE GREATEST IN HISTORY! { Congratulations to Michael Phelps! } CLAIM: The Real Crash is dead
ahead as 2008 is forgotten... FACEBOOK HIT WITH NEW
SELLOFF...
7-30-12
POLL: ROMNEY PULLS TO 5 POINT LEAD...
Court Finds Obama Appointees Interfered with New
Black Panther Prosecution... UPDATE: Jesse Jackson Jr. at Mayo Clinic for depression... D.C. pays students $5.25 an hour -- to attend summer
school! Corn prices hit record as crops shrivel... UPDATE: SEATS STILL GO EMPTY IN LONDON... PM Cameron: 'We can do better'... Parents of athletes turned away in mixup... Games turn London into 'ghost town'...
7-27-12
POLL: ROMNEY PULLS TO 5 POINT LEAD... Same 5-point lead that Obama had at this point in
'08... SLUMDOG OLYMPICS... Dancing nurses, bouncing sick children, huge hospital
beds... Opening Ceremony reflects 'deeply left-leaning
sensibilities' of producer Boyle...
7-26-12
REPORT: MF GLOBAL was client of AG Holder's law
firm... Justice Dept employees accused of nepotism, ethical
lapses...
ZUCKED: FACEBOOK Ad Growth Slows; Shares Skid to
Fresh Low... PLUNGE ANOTHER 11% IN AFTER HOURS...
7-25-12
ROMNEY MOVES INTO LEAD AT GALLUP RASMUSSEN... WARNS 'WE'RE GOING TO END UP LIKE EUROPE'...
Greece to run out of money by August 20... Cash-Strapped French Socialists Face Austerity... UK in longest double-dip recession in 50 years...
Obama campaign stepping up damage-control over 'you
didn't build that' remark...
CITI Creator Says Banks Should Be Broken Up...
Feds: Drought to Drive Up Food Prices... Up 3.7% last year...
Obama creating African-American education office {
More money the nation doesn’t have down the drain! }...
DEMS REGISTER THE DEAD? Drug money funds voter fraud in Kentucky... REPORT: State systems for overseas voters vulnerable
to hacking...
Mayhem in Anaheim as protesters clash with police... Mobs smash windows, set fires... Escalation... UPDATE: FBI moves in... Angry crowd confronts police after shooting in
Dallas...
Ron Paul bill to audit The Fed overwhelmingly
approved by House... ...seen dying in Senate
7-24-12
'JOKER' ON $26K FEDERAL GRANT
USATODAYGALLUP POLL: Romney preferred over Obama to
handle economy... DICK MORRIS: 'NASTY' OBAMA IN FAVORABILITY DIVE...
Campaigns ease back into fighting mode...
Obama Reminds Supporters: 'I’m Term-Limited After
This'...
FOR SALE: Obama films campaign commercial inside West
Wing...
ABCNEWS taking steps to stop reporting
inaccuracies... PAIN IN SPAIN BRINGS MORE DRAIN... MOODY'S Cuts Outlook on Germany, Two Others... Cash-strapped Argentine town pays employees by
raffle... 10 Italian cities at risk of bankruptcy...
7-23-12
USATODAYGALLUP POLL: Romney preferred over Obama to
handle economy...
It's Official: 5 Straight Years of $1 Trillion
Deficits!
OBAMA CAMPAIGN RUNS DEFICIT IN JUNE... Spent $2.6 million -- on polling? Paid $93k for Half-Empty Stadium Kick-Off Event...
US poverty on track to rise to highest since 1960s...
CHICAGOLAND COPS: Teens kill man in 'knock 'em down'
game...
Workers on Disability Set Another Record in July...
Greek PM: Country is in 'Great Depression'..
UPDATE: MURDOCH RESIGNS FROM UK NEWSPAPERS ( No
surprise here; the guy’s totally senile and globally irrelevant as I previously
wrote just recently! )...
'Eyes rolling, head swaying'... 'Listless'…[ Zombie ]... Mother disputes ABCNEWS report... Network stands by it...
Largest mass shooting in U.S. history...
San Fran Considers Strict Outdoor Smoking Ban --
Except For Medical Marijuana...
7-20-12
'JOKER' KILLS 12
SMIRK OF THE BATMAN PSYCHO... WHY DID HE DO IT? Ph.D. student in neuroscience... 'Really smart'... Struggled to find work... Collecting unemployment... 'No one knew him; No one'... Left loud music playing in his apartment... Had 'swagger'... TMZ: Cops Investigating Sex Site Profile... Told Cops He 'Was the Joker'... Photos: Gas mask and assault rifle left at cinema... LIVE UPDATES... Director Nolan condemns as 'savage' and
'appalling'...
7-19-12
NYC jobless rate hits 10%...
Huge protests against austerity cuts erupt in
Spain... ...firemen strip naked
Rubio likens Obama to 'left-wing third-world
leader'...
MICROSOFT reports first loss { There should be no
surprise here…for some functions, for stability I use a dual boot to ubuntu
(open source linux)…sadly, I’m unable to install windows 2000 professional
(their best offering ever, along with microsoft word to be fair, for stability)
on a dell xp machine; viz., wipe the hard drive and clean install. }...
7-18-12
CANADIANS NOW RICHER THAN AMERICANS
Dem Effort in Congress To Pressure Romney; Release
More Tax Returns... Harry Reid: 'We Do What We Can to Protect the
President of the United States'... REPORT: Most members of Congress keep their tax
returns secret...
FOXNEWS HANNITY INTERVIEWS ZIMMERMAN... DEVELOPING... Top Syrian defense officials killed in suicide
blast... Russia accuses West of inciting opposition... STUDY: Girls As Young As 6 See Themselves As Sex
Objects... was kidnapped, sexually abused and strangled by a man who lured her
from her front yard by telling her he had lost his dog. Her naked body was
found the next day by a hiker in Cleveland National Forest , 50 miles southeast of Stanton. [1] The autopsy revealed that
she died from compression. A sample of the kidnapper's DNA was found under her fingernail. The
suspect, a Lake Elsinore, California , man named Alejandro Avila, was
convicted of first degree murder with special circumstances in May 2005. His
DNA was found on Samantha's body, and her DNA was found in his car. He was
arrested three days after the abduction. Avila had previously been to the
condominium complex where Samantha lived, because his ex-girlfriend resided
there and he had been previously acquitted of molesting her daughter and niece.
On May 16, 2005, the jury recommended he receive the death penalty. On July 22,
2005, Avila was formally sentenced to death. He is incarcerated at San Quentin State Prison on death row ). As an aside,
I’ve included the following for the record as well: Though I’ve had many
consensual sexual liasons with many different female sexual partners
(mid-hundreds) all of whom I liked, I’ve never, ever resorted to prostitutes.
The accidental exceptions included two ‘call girls’; one having met at summer
beach town bar matinee and who was ‘not working’ (as it turned out the reason
being she was at the end of her menstrual cycle). The other at a grocery store
with her daughter which made such in my mind, unlikely. As it turned out, both
were ‘nymphomaniacs’ (which, truth be told, made for quite an exceptional
sexual romp) and I simplistically inferred/surmised without dwelling on the
subject that they probably expected they’d have inordinate amounts of sex anyway
and might as well get paid for it – of course I didn’t nor was I asked to. The
other incident I’m including here for the record concerned an absolutely
beautiful (blonde hair, blue eyes, pretty, cute, perfectly built/proportioned –
make no mistake, however, I like brunettes also) girl I met at a bar called
‘the Red Ranch’, later changed to ‘Harpoon Willy’s’. At closing, we immediately
became amorous, near intimate to a point in my car with abrupt ‘resistance’ at
the ‘crucial moments’. When I finally, ‘exasperated’, asked ‘what’s up’, she
stated she had recently broken up with her boyfriend who had gone too far in
the ‘sado-masochistic’ ritual behavior they were, and she still was into. I
told her I wasn’t into it (I don’t
connect sex with sado-masochism); never would, never did, never will. We talked
for quite some time and she explained her ‘predisposition’ the (her perceived)
consequence of her strict, puritanical upbringing and feelings of guilt
concomitant with sexual activity requiring coincident punishment/pain when so
engaged. I was busy with law school evenings, work, and teaching at a local
college part-time and parted ways without taking her number and never did see
her again. } { Previously, for the record:
Yes...it's absolutely, unequivocally true that blacks are
inherently uncivilized and in evolutionary terms, only evolved to a point ( http://albertpeia.com/anthroindex1.htm UPDATE: MORE CLAIMS OF RACE
BIAS AT HOLDER JUSTICE DEPARTMENT... (WP) ‘ ignore cases that
involve black defendants and white victims ' ], and prone to violence as with any feral animal. Moreover, I must admit
that I find their simian look repulsive; and, even before totally realizing the
foregoing reality owing to self-destructive egalitarian propaganda, never did
and never would know a black female in the biblical sense (despite their
‘intrusively easy availability’, in my view a form of bestiality - not a matter
of skin color inasmuch as I have ‘known biblically’ red-Indian, brown-Hispanic,
yellow-Oriental women). Wobama the b for b***s*** is a typical, jive-talking
'n-word' and consequently as well, an abject failure as president. I was
fortunate to have no blacks whatsoever in my schools (schooling) through high
school. }
7-17-12 VIVA: OBAMA DECLARES TEXAS 'BATTLEGROUND STATE' --
SOON... Star of Pro-Obama Super PAC Ad Unloads: 'Obama Is a
Jerk, a Pantywaist, a Lightweight, a Blowhard'... The star of a
pro-Obama super PAC ad is speaking out against ... President Barack
Obama."I could really care less about Obama," Donnie Box says of President
Obama, according
to In These
Times . "I think Obama is a jerk, a pantywaist, a
lightweight, a blowhard. He hasn't done a goddamn thing that he said he would
do. When he had a Democratic Senate and Democratic Congress, he didn't do a
damn thing. He doesn't have the guts to say what’s on his mind."Box, In These Times reports, won't
be voting for Obama. Here's the pro-Obama, anti-Bain Capital ad Box appeared
in: …’ Obamas have up to $450K in companies that ship jobs
overseas... UPDATE: Chevy Volt Makes NO Money, Costs Taxpayers
Hundreds of Thousands of Dollars Per Car... CA cities eye plan to seize mortgages... Broke San Bernardino can't pick up garbage anymore... Chicago suburb's water contaminated with vinyl
chloride... Slow progress predicted for unemployment... Dems beg Bernanke for more easing before election... DR. GLOOM CNBC: How Close Are We to New Great Depression? CREDIT RATING AGENCIES TO FALL UNDER GOV'T OVERSIGHT
{ Fake your ratings or else says extortionist, pervasively corrupt, defacto
bankrupt america! } ...
7-16-12 Obama Goes Wild: 'If you've got a business, you
didn't build that. Somebody else made that happen'... { Riiiiight!
That ‘minority owned business’ incentive for government contracts,
bloated/padded for non-performance and electoral considerations…’the minority
view’ on the ebt, strike that, the bet network. Say anything, wobama the b for
b***s*** who suffers at the least from the psychological disorder of
psychogenic/dissociative amnesia. How totally preposterous and pathetic at
once! Wow! That ‘choom’ did wonders for wobama’s understanding of business!
Riiiiight ….they’ll beat a path to your door…to make that business happen! This
guy’s a totally dysfunctional joker who’s failed by every measurable standard
except increased deficits to obfuscate his unequivocal failure! Other than the
‘choom/drug’ business, what business does wobama really know? } Campaign Holding Fundraisers in Switzerland, Sweden,
France -- China? Egyptians pelt ‘Hearts and Minds Victor’ Hillary
Clinton motorcade with tomatoes... 'Monica, Monica' chants taunt... They throw shoes...
7-13-12
Romney Demands Obama Apology...
Says president 'reckless and absurd'...
'Deceptive and dishonest'...
'Beneath Dignity Of His Office'...
'It's disgusting. It's demeaning'... And, let me add, it’s indicative of
total desperation on the part of wobama who has but a record of failure to run
on; hence, the diversionary, disingenuous tactics to obfuscate his failure by
diverting attention therefrom. People will see through the wobama subterfuge. }
GALLUP: OBAMA VS ROMNEY DEAD HEAT...
{ Drudge: What’s with your
self-immolating obsession with rice? Aside from nationwide negroe fatigue
(except among blacks –President Romney will get less than 1% of the black vote,
no matter what – because…President Romney is white and wobama is black … period
…that’s the way it is and wishing will not make it not so! ), the essential
reason she’d be a bad choice is that she carries with her the failures of the
bush regime (numerous) and sound management requires an unequivocal ‘new broom’
(as per Drucker, et als). http://albertpeia.com Stated another way, at this critical
juncture, the nation must be managed for performance. Goals/objectives must be
set and reasonable steps consistent with the goals must be taken. President
Romney’s application of such a competent managerial approach was even evidenced
in his acclaimed handling of the Olympics as well as his sterling record in
business (Bill Clinton’s true words, though against interest) and tenure as
Governor. Wobama has but b***s*** and failure obfuscating record deficits to
show for his choom failed fantasy presidency. }
7-12-12
SHOCK: STOCKS '50% LOWER' WITHOUT FED PUMPING...
POLL: Supreme Court Approval Lowest on Record...
Oscar-winning producer to take on Obama's 'imperial
presidency' in documentary... Carney sneers at reporter asking about college
records...
Americans Will Work Over 7 Months to Pay for Govt
Spending in '12...
Santa Monica extends smoking ban to apartments,
condos...
Some California cities 'may cease to exist'... San Bernardino -- Third California City to Go Bankrupt..FACEBOOK monitors chats for suspicious activity,
reports users to police...
MOODY'S downgrades Italy debt...
7-11-12 Some California cities 'may cease to exist'... San Bernardino -- Third California City to Go
Bankrupt.. POLL:
President Sinks to Historic Lows Among Blue-Collar MEN... . REPORT: Pelosi made up to $5 million on Asian
investments in 2011 (and don’t forget feinstein’s blum who did even better)... Investors get lowest-ever Treasury yields... Fed Officials Weigh More 'Stimulus'... Warn of looming crisis...
7-10-12 DNC Chair Invested in Swiss Banks, Foreign Drug
Companies, Bank of India... Wasserman Schultz: 'It Would Be Nice If We Had
Candidate for President Who Was Committed To America'... GODFATHER UNDER FIRE AS MURDER RATE SOARS... Chicago Mayor Appeals to Gangsters' 'Values'... 'Don't touch the children'... RADIO STATION REPORTS REP. JESSE JACKSON, JR
'ATTEMPTED SUICIDE'... Questions mount... NAACP goes wild for Eric Holder...
7-9-12 DOOM Roubini: My 'Perfect Storm' Scenario Is Unfolding NOW... CADDELL: Taxes and Trust - The Achilles Heels of
Obama... Maryland's Rich Flee State... 83% OF DOCTORS 'HAVE CONSIDERED QUITTING' OVER
OBAMACARE Broke Scranton, PA cuts all employees to minimum
wage! Bankrupt Alabama county asks for second look at
lawyer fees... PUTIN: WEST IS ON DECLINE... Defends support for Syrian regime...
7-6-12 O NO: UNEMPLOYMENT STUCK AT 8.2%... 'STEP IN THE RIGHT DIRECTION'... Just 80,000 jobs added in June... 85,000 WENT ON DISABILITY! Unemployment rate for blacks jumps to 14.4%
(Actually, that’s much too low and 100% unemployment/imprisonment/deportation
would be optimal for productivity/civilized behavior/minimal violent crime)... 780,000 Fewer Women Employed Under Obama... Romney: 'It Doesn't Have To Be This Way'... Team Obama predicted 5.6% today with stimulus... Broke California OKs funding for
high-speed rail line... Bush spend Fourth in Zambia, opening health clinic,
visiting orphanage { The perfect place for dumbya bush; little ‘blackface’ and
he’d fit right in! } ... Ohio restaurant owner dies hours after Obama visit {
Kind of like the nation as a whole; see wobama and die! } ...
7-5-12 POLL: In 15 swing states, Romney leads Obama 51% to
43%... Romney accuses Obama of 'vicious lies' on BAIN
CAPITAL... 13,000 Pages of Regulations for New ObamaTaxes
Drafted... JINDAL: Way paved for 'tofu' tax... Romney And Obama Supporters Clash at July 4th
Parade...
7-3-12 POLL: In 15 swing states, Romney leads Obama 51% to
43%... Romney accuses Obama of 'vicious lies' on BAIN
CAPITAL...
'THE LAW I PASSED IS HERE TO STAY'
LAND OF THE FREE: San Diego man stranded after told on 'no-fly' list... Midwest ranchers, lawmakers protest drone flyovers... TWITTER shares info on gov't demands for user data... ACLU Launches Smartphone App To Secretly Record
Police Stops... 'Homeland Security' Report Lists 'Liberty Lovers' As
Terrorists... Greece to present debt inspectors 'alarming' data... France Faces Major Test as It Enters 'Danger Zone'... Cyprus starts bailout talks with EU, IMF...
Ex-President Sarkozy's home, offices raided by
police...
7-2-12 Factory output at three-year low... Survey reports large decline in
activity...
ECONOMIST: 75% of Obamacare costs to fall on
Americans making less than $120,000 a year...
Gov. Scott Says FL WILL NOT Comply with Law... UPDATE: ROBERTS SWITCHED VOTE... Republicans see way to repeal...
REPORT: White House salaries grow...
Obama campaign fundraising -- off heat wave?
NO LIGHT IN SIGHT... ON YOUR OWN: During Virginia storms, 911 system
failed for 48 hours... DAY 3: Millions Still Without Power... 'CATASTROPHIC' DAMAGE TO POWER GRIDS... 'Unscheduled Leave' For Federal Workers... Newt Gingrich: 'Mild Taste of What an Electromagnetic
Pulse Attack Would Do'...
6-29-12
SECRET WIRETAPS ROCK DOJ... CLOCK TICKING ON HOLDER... Republicans vow court action; demand documents... HISTORIC: House could arrest Attorney General...
6-28-12
MICHAEL SAVAGE: 'ROBERTS EPILEPSY MEDICATION AFFECTS
HIS COGNITION'... FLASHBACK NYT: Roberts drugs 'can have troubling side
effects, mental slowing and forgetfulness'... http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm }
SUPREME COURT RULES: OBAMACARE STANDS... Mandate survives AS A 'TAX'... Chief Justice Roberts joins left of the Court... 'It is not our role to forbid it, or pass upon its
wisdom or fairness'... .PDF OF OPINIONS Dissent: 'We Cannot Rewrite the Statute to Be What It
Is Not'... FLASHBACK: Obama: Mandate is NOT A TAX... VIDEO...
RUSH LIMBAUGH: 'WE NOW HAVE THE BIGGEST 'TAX'
INCREASE IN HISTORY OF THE WORLD'...
21 TAX INCREASES...
Did Justice Roberts change his vote at last minute? George Will: Conservatives' consolation prize... Republican governors vow to ignore Obamacare... HOUSE REPEAL VOTE SET FOR WEEK OF JULY 9... Speaker Boehner: 'Ruling underscores urgency'...
6-27-12
Contempt vote on Holder will proceed... ...last-minute talks fail Black lawmakers plot 'walkout strategy' during
vote...
28.9% unemployment rate in Yuma, AZ...
Merkel dismisses Spain, Italy pleas for aid...
'EPIC' WILDFIRE RAGES IN COLORADO... 300+ Homes Burned... Obama Shrunk Aerial Firefighting Fleet...
6-26-12 ZIMMERMAN PASSED POLICE LIE DETECTOR... REPORT...
Stockton, CA braces for bankruptcy...
HOLDER: 'It's Going to Get Really Busy on Thursday,
Apparently'... Hoyer: Some Dems Will Vote For Contempt...
Brewer: White House tells Arizona to 'drop dead'...
MO Dem Sen to Skip Party's Convention... FLASHBACK: Obama's 'most reliable surrogate' in
2008... ANOTHER: GA Dem. Rep. to Skip Convention...
PENTAGON HOLDS FIRST GAY PRIDE EVENT...
ANOTHER ONE: Cruise Ship Steward Sues Travolta...
6-25-12 BOOK: Obama Team Squandered Chance For 'Peace' in
Afghanistan...
GALLUP: 44% Can't Name Obama's Religion?
BAM: SUPREME COURT TO RULE OBAMACARE ON THURSDAY... BOOM: HOUSE VOTE HOLDER CONTEMPT ON THURSDAY...
SHERIFF JOE: 'I'M NOT STOPPING
ANYTHING'
Stockton, CA faces midnight deadline to avert
bankruptcy...
Obama Booed At Boston Fundraiser After Mocking Red
Sox Trade...
BREWER: 'Assault' on AZ continues... Romney: States have right to secure their borders... Scalia warns of 'evil effects of illegal immigration'...
Putin to Israel: Don't rush to strike Iran... 'Look at what happened to Americans
in Iraq and Afghanistan'...
Jimmy Carter Accuses USA of 'Widespread Abuse of
Human Rights'...
U of Chicago Prof wants to shelve Obama library
idea...
6-22-12 GREEKS KICKED OUT OF EURO! EU Battle Spills Off Soccer Field... Merkel heckled... New Greek finance minister hospitalized after
fainting... Support growing for return of Deutschmark...
AMERICAN NIGHTMARE: SANDUSKY CONVICTED ON 45 COUNTS
OF CHILD SEX ABUSE... BAIL REVOKED... { Sweet sandy, the ‘frolicking funloving manchild’ (defense
version), will have plenty of time for cornholin’ except, who’d let him and
who’d want him. }
6-21-12 GALLUP: OBAMA FALLS TO 43%...
Housing market hits 15-year low...
MOODY'S DOWNGRADES THE BANKS
Unlike 2,000-Death Count in Iraq, ABCNBCPBSMSNBC Skip
2,000 Marker in Afghanistan...
Retiring Dem: 'The People Have Gotten Dumber'... Sandusky's son says his father abused him... Judge Bars Media From Reporting Verdict Until Court
Is Adjourned...
Italian PM: We have a week to save eurozone... Starving Greeks line up by the thousands for food
handouts...
6-20-12 THE LONGEST DAY: EXECUTIVE PRIVILEGE
House panel votes Holder in contempt... FULL HOUSE TO VOTE NEXT WEEK... OBAMA REFUSES TO TURN OVER 'FAST AND FURIOUS'
DOCUMENTS... PELOSI: 'I could have arrested Karl Rove on any given
day'...
Obama Spends More Than He Raises... Team shrugs off campaign criticism... Another Hollywood Fundraiser?
SHOCK: $9 Billion in 'Stimulus' for Green Projects
Created Just 910 Jobs!
6-19-12 PAPER: Obama's grandfather tortured by the British? A
fantasy (like most of the President's own memoir)... http://albertpeia.com/wobamaschoomgangfantasy.htm }
LEAK: USA, ISRAEL CREATED 'FLAME' VIRUS AIMED AT IRAN
Issa to Holder: Get ready for contempt vote... Negotiations stuck on getting documents...
Greece's ailing economy grinds to halt... Companies can no longer afford to pay
employees... French business frustration boils over... Spain and Italy to be bailed out...
THERE HE BOWS AGAIN: OBAMA MEETS MEX PRESIDENT...
Anti-Romney protesters paid to heckle?
FEDS STIKE OUT AGAIN: Baseball's Clemens acquitted of all
charges... http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm }
PALIN: DRUDGE HISTORY...
Joe
McGinniss Sarah Palin Book, 'The Rogue,' Makes Controversial Claims About
Former Alaska Governor
‘Joe McGinniss's new book, The Rogue: Searching for the Real Sarah
Palin , hits bookstores next week, but its controversial
claims about the former Alaska governor are already making
waves.
In the
book, McGinniss writes that Palin had a
one-night stand in 1987 with future NBA basketball player Glen Rice nine
months before she married her husband Todd. He quotes a friend who said Palin
"had a fetish for black guys for a while."
"She
was a gorgeous woman. Super nice. I was blown away by her," Rice tells
McGinniss in the book, NBC reports. "Afterward, she was a big crush that I
had."
McGinniss's
book also alleges that Palin had an extramarital affair with her husband's
business partner, Brad Hanson, in the mid-1990s, and snorted cocaine off a
55-gallon oil drum while snowboarding.
"An
utter fraud. An absolute and utter fraud," McGinniss calls Palin in an interview about the book
with NBC.
"At
best, she's a hypocrite," McGinniss tells NBC's Savannah Guthrie. "At
worst, she's a vindictive hypocrite."
McGinniss
famously moved
into a house next door to Palin's Wasilla, Alaska home to write his
book -- prompting the Palins to accuse him of stalking them. They built a
high fence along their property to protect their privacy.
In
response to McGinniss's book, Todd Palin gave a statement to NBC saying
that McGinniss "spent the last year interviewing marginal figures with an
axe to grind in order to churn out a hit piece to satisfy his own creepy
obsession with my wife."
"I'd
ask the fathers and husbands of America to consider our privacy when one summer
day I found this guy on the deck of the rental property, just 18 feet away next
door to us, staring like a creep at my wife while she mowed the lawn in her
shorts," Palin said.
McGinniss
says that anything he learned about Palin by living next door did not make it
into the book, but he does become a character in the story himself.
The New York Times writes in its review :
Soon Mr. McGinniss is settling in to enjoy the fuss his
mere presence has created. "Normally, for a news story to continue beyond
the first 24-hour news cycle, something newsworthy must occur," he writes
loftily, but "The Rogue" is filled with proof to the contrary. What
was his hate mail like? He quotes it. What did Glenn Beck call him? That’s here
too. Who took umbrage at this venom and chose to help him? One man offered him
a hideout, despite Mr. McGinniss's slight skepticism about his motives.
"But you don’t know me," Mr. McGinniss protested.
McGinniss's book is scheduled to hit
bookstores on Tuesday, Sept. 20.’
The Rogue: Searching For The
Real Sarah Palin' Cover Revealed Call it Palin
Noir. Joe McGinniss' upcoming biography of Sarah Palin has a cover design more
fitting for a detective novel. It has a bold...
Joe McGinniss, Palin Neighbor
& Author, Leaving Wasilla To Write Book ANCHORAGE,
Alaska — Sarah Palin can take down the fence. Palin's neighbor of three months
on Wasilla's Lake Lucille, author Joe McGinniss, is packing his...
Bristol
Palin Interview Accidentally Reveals Mother's 15 Abortions www.theonion.com WASILLA, AK—Sarah Palin's political team was forced to do emergency damage
control Monday after the former Alaska governor's daughter Bristol accidentally
divulged on live television that her mother has undergone at least 15 abortions
over the past 30 years. "She's always telling me how special I am,
especially considering the five or six babies she aborted before I was
born," Palin, 20, said during a CNN interview in which she was asked if
she thought her mother would make a good president. "Then of course there
were the twins she aborted shortly after having me, another four abortions
after Willow somehow survived hers—but anyway, she's a wonderful mom. She just
gets pregnant a lot and doesn't always want to have the baby." Palin also
commended her mother's strength in carrying three babies with Down syndrome to
term, and then even choosing not to give Trig up for adoption like the others.
6-18-12 Bloomberg Overheard Saying Romney Would Be Better at
Running Country than Obama { Indeed, because it’s true! } ...
'MODERN-DAY NOSTRADAMUS' WARNS U.S. OF DOOM { One
doesn’t have to be a modern-day nostradamus to ‘read these tea leaves’! }...
EU commission president blames crisis on US banks {
Yeah! Wall street frauds to be more exact and a ‘save the ever-more worthless
dollar’ mindset/approach by the u.s. government. Really! But, europe has proven
to be dumb as rocks! } ...
6-15-12 Obama bundler in Chicago goes all in for Romney...
Foreign holdings of US debt hit record high...
BIDEN: 'Great' cities in China, not America
anymore...
REPORTER INTERRUPTS OBAMA! PRICKLY IN ROSE GARDEN... PRESIDENT SCOLDS: 'I didn't ask for argument'... But doesn't take questions -- again! EDITOR: 'A reporter's job is to ask
questions'...
OBAMA TO GRANT IMMUNITY TO YOUNG ILLEGALS... FLASHBACK: 'The notion that somehow, by myself, I can
do these things, it's just not true'... Joy and anger... SHERIFF JOE: 'They will still be arrested'... Gov. Jan Brewer Blasts 'Backdoor Amnesty' Move... LIMBAUGH: 'Open Borders Friday'...
FACEBOOK Told Regulators IPO Range Was Near Fair
Value…{ Riiiiight! }... Burglaries rise as Greeks hoarde cash... Central banks prepare for turmoil... EGYPT VOTES AMID CHAOS
Los Angeles County courts begin downsizing …{For all their
‘legitimacy’ (my personal experience), it’s a real shame they couldn’t be
abolished outright! } ...
Man arrested for public sex with teddy bear -- for
fourth time...
BURGLARS BREAK IN, BITE OFF VICTIM'S EAR...
6-14-12 Germany sounds crisis alarm as Italy, France demand
progress... Greek health system crumbles under weight of
crisis... Working Without Pay... ELECTION: Decisive Moment...
Obama Speech Gets Thumbs Down From Political Press?
CHAOS IN CAIRO: MILITARY CLAIMS CONTROL... A sense of dread... ...coup d’état Biden Praises 'Arab Spring' on Same Day Egypt
Dissolves Parliament...
Witness details shower encounter in Sandusky sex
abuse trial... 'Tickle Monster'... Should have been charged in 1998...
6-13-12 Fears rise over EU handling of debt crisis... Greeks Withdraw $1 Billion a Day Ahead of Vote...
CASINO BOSS BETS $10M ON ROMNEY!
CHINA VOTED TOP ECONOMIC POWER ON EARTH...
SLAP: RUSSIA DEFENDS ARMS SALES TO SYRIA
MAG: Is legalizing weed Obama's October surprise?
GERMAN MEDIA TURNS ON OBAMA...
Unions organizing -- unemployed...
COPS: Naked Man High On 'Bath Salts' Tries To Attack
3-Year-Old Girl On Miami Beach Playground...
6-12-12 DEFICIT DOUBLES IN YEAR POSTAL CHIEF: We're headed for Greece...
SPIKE LEE WORRIED ABOUT OBAMA'S RE-ELECTION CHANCES {
Duh! C’est la vie, fait accomplis! Incompetent wobama the jive-talking
grifter/con-man is done! } ...
'People ain't got jobs, people are hurting'...
POLL: Obama rapidly losing support among black voters
{ GOP: Don’t believe this, and don’t count on it! Wobama will get near 100% of
the black vote based on skin color alone and for no other reason whatsoever! }
... White support cracking... Jewish support in NY drops 22% -- in 1 month! UNION MEMBERS BAIL...
IMF chief Lagarde warns world risks triple crisis...
NEXT: Worry for Italy Quickly Replaces Relief for
Spain... Trevi fountain crumbling 'for lack of maintenance'... EU Mulls Worst-Case Scenarios If Greece Leaves
Euro... Spain deal 'will come apart in less than a month'...
6-11-12 DYSPHORIA: Dow spooked over 'Spailout,' drops 143 points...
NET WORTH OF AMERICAN FAMILY FALLS 40% IN 3 YEARS... HOUSE SETS CONTEMPT VOTE ON HOLDER... BOEHNER: 'Justice Department out of excuses'... Issa expects 31 Dems to join... FLA TO SUE FEDS OVER VOTER
PURGE
REPORT: ITALIAN BANK DECLARES 'HOLIDAY'...
Bernanke Bonds: Fed's Holdings of US Debt Soars 452%
under Obama... Eurozone agrees to lend Spain up to $50 billion $125 billion...
WATCHING YOU
Obama campaign's data mining 'reaches far beyond
anything politics has ever seen'...
'Obama Girl' won't endorse Obama!
KARZAI COMPLAINS: US failed to consult Afghans on
airstrike... Veiled suicide bomber kills 4 soldiers...
'Canadian cannibal' sent videos to 'fans'... Did he strike in Miami, too?
For election favor, Obama looks to Merkel, again... Seeks to woo Hispanics... Lanny Davis: Vicious People Working For President...
WITNESS: 'I was his girlfriend'... 'Victim No. 4 describes 'soap battles'...
6-8-12 UPDATE: S&P keeps US rating unchanged, outlook
'negative'... Obama Backs Off Comment 'Private Sector Is Doing
Fine'...
IT'S BAD
Don Rickles Shocks Hollywood Crowd with Obama
Jokes... 'He was over to the house yesterday,
but the mop broke’ {I think Don Rickles may be exagerating a bit because obama
is strictly a lawn jockey}'
DETROIT 'BROKE IN 1 WEEK'...
Argentina loses third of its dollar deposits... ...foreign exchange restrictions
'FACEBOOK Funds' Plunge... UBS May Have Trading Loss of $350 Million...
REPORT: UN to take up 'global Internet tax' proposal
… [ It is unfathomable that anyone takes such a failed organization as the u.n.
seriously; they’re a costly, extravagant, waste of money! Any costs so leveyed
should be deducted from dues foolishly and wastefully paid to the u.n.. Time to
abolish the u.n.! ] ...
REPORT: High school cancels Hollywood producer's grad
speech over 'right-wing' views...
6-7-12 Unemployment in Greece hits 22%... SPAIN: SAVE OUR BANKS OR BREAK EURO... Germany Finalizing Face-Saving Deal... Long lines at pharmacies in Greece... France cuts retirement age -- TO 60... US blamed for on-going massacre in Syria...
Holder Claims Emails Using Words 'Fast and Furious'
Don't Refer to Operation 'Fast and Furious'... REPORT: 'Mole' inside DOJ...
HALPERIN: DEMS NOW BELIEVE OBAMA COULD LOSE Duh! Truth be told, as I’ve already
told it on my website, that is ‘fait accomplis’! }
ROMNEY CASH HAUL TOPS OBAMA... 'Gender gap' narrows... SHOCK POLL: ROMNEY AHEAD IN MICHIGAN { This should
come as no surprise inasmuch as Michigan has suffered under the hapless wobama
while becoming blacker with all the negatives entailed therewith. Michigan’s
prospects along with the suffering rust belt as with the rest of the nation
will only be enhanced by Romney’s Presidency! } ...
Black Rock: 'We Ignore the President's Whiteness, But
It's There' { This election, wobama’s blackness won’t be ignored! } ... PELOSI: Health law represents 'life, liberty and
pursuit of her’s and wobama’s happiness'... POLL: Large majority want Supreme Court to
overturn...
Bill Clinton 'very sorry' for saying Bush tax cuts
should be extended...
UPDATE: Senator Demands Inquiry Into Attacks on
Conservative Commentators...
6-6-12 GREECE RUNNING OUT OF CASH
France cuts retirement age -- TO 60... Germany Finalizing Face-Saving Deal for Spain...
UH O... WALKER WINS [AGAIN]... 'RECALL' DEFEAT SPELLS DOOM FOR PUBLIC SECTOR
UNIONS... Voters in California Back Pension Cuts for City
Workers... ROMNEY: 'TONIGHT'S RESULTS WILL ECHO BEYOND BORDERS
OF WISCONSIN'... 'PULITZER' NEWSPAPER MOCKS DRUDGE FOR INFORMING
READERS... MEDIA BLOWS IT... 'Kill Scott Walker': Angry libs flood TWITTER... WASHPOST: 7-point victory 'close vote'...
Pelosi: Ghosts of past women leaders spoke at White
House meeting...
Stocks rise on hopes of new Fed pumping... 'Very Worried' About EU Banks...
Debt Per American Set to Triple in a Generation to
$147,000... CLINTON: USA Already in 'Recession,' Extend Bush Tax Cuts... WHITE HOUSE: Nope... BUBBA: 'I didn't have any idea' undermining Obama's
campaign message...
VANITY FAIR: 'HE DOESN'T NEED PEOPLE'... Four years ago, Barack Obama said he
wanted a Lincoln-esque “team of rivals” in his Cabinet. Thanks to his own
temperament, the modern White House, and the 24-hour news cycle, what the
president has created is something that doesn’t look Lincoln-esque at all. {
Come on! Does anyone at this point take anything wobama the b for b***s***
says, past or present, seriously? He’s total b***s***, end of story! }
6-5-12 ROMNEY: Obama holding onto shares of GOV'T MOTORS to
avoid embarrassment of big losses... Gov't Down $16B on Bailout...
EXIT POLLS: CLOSE, BUT NO 'RECALL'
WI EXIT POLLS: REMATCH SIMILAR TO
ELECTION 2 YEARS AGO, SOURCES TELL DRUDGE... '5 POINT MARGIN'... DEVELOPING... White House downplaying... WASH POST: 'Makeup of voters appears very close to
original 2010 contest'... VOTER SHOWDOWN: DEMS CRY FOUL... Hundreds Report 'Photo ID' Issues... 400 Lawyers At The Ready... Report: '119%' Voter Turnout in Madison...
'Remember Me? I'm the Only Guy Who Gave You Four
Surplus Budgets ( THANKS TO THE PEACE DIVIDEND! PEOPLE MUST GET THAT
REALITY/TRUTH THROUGH THEIR WAR-MONGERING SKULLS! )'... USA Already in 'Recession,' Extend Bush Tax Cuts... DICK MORRIS: 'He Does Not Want Obama to Win'...
FREEFALL CONTINUES... FACEBOOK 'worth a look' -- at $20! MORGAN STANLEY Lending Shares to Sell Short...
Jackson Browne cools on Obama...
6-4-12 EVEN MAUREEN DOWD BEGINS TO TURN
Debt Has Increased More in Last 15 Months Than First
97 Congresses -- Combined!
Obama Gets 'Left' Behind; Libs Turn... NYT: Weak Economy Points to Obama's Constraints... Jon Bon Jovi Gets A Ride On Air Force One... Hispanic unemployment jumps to 11% in US... S&P down 10% since April... Japan's Debt Sustains Deflationary Depression... FACEBOOK 'will disappear'... Buyers' remorse for California's 'bullet train to
nowhere'...
War in White House: Holder and Axelrod 'had to be
separated'...
Tokyo Stocks Hit 28-Year Low Amid
Global Rout... FUTURES... Euro Zone Nears Moment of Truth on Staying
Together... SOROS WARNS: 3 MONTHS... Spain Seeks United Effort on Banks; Pressure Builds
on Merkel... The week Europe stopped pretending... Retirement Age '80' After Crisis?
BULLS, BEARS OR BUST? REPORT: Air Force drone spied on US soil...
6-1-12 MAY MESS: UNEMPLOYMENT GOES UP ... STOCKS COLLAPSE... Weak US Job Growth Threatens World Economy... This Summer 'Eerie Echo' of Pre-Lehman...
HELL DAY Obama has big plans for when Republican 'fever'
breaks... HAS OUTSPENT PAST FIVE PRESIDENTS... Bill Clinton: Romney's Business Record 'Sterling'...
Top Italy banker says risk of euro breakup growing...
5-31-12 Geithner warns Spain... TIME BOMB: Banks Pressured To Buy Up Government
Debt...
UPDATE: China and Japan to begin direct currency
trading...
Stocks Post Worst May Since 2010... Anxious June...
5-30-12 Investors flee Spain as financial crisis spirals... 'Total emergency'... France to cap top pay... French irked by EU use of English... MOODY'S downgrades Danish banks...
MORGAN STANLEY CEO defends FACEBOOK IPO conduct...
'WE'RE NOT MAKING A BOMB'
Bilderberg Launches Unprecedented Security
Crackdown... Talk of machine guns &
surveillance spooks hotel guests... Rockefellers and Rothschilds unite...
5-29-12 FACEBOOK FREEFALL CONTINUES... Stock sinks below $29... 'Worst IPO in decade'... SHOCK REPORT: 40% of social media accounts ARE
SPAMMERS...
Home Prices Hit Fresh Lows...
Biggest Greek bank warns of dire euro exit fallout...
Romney Campaign Hits Obama On SOLYNDRA... Carney Struggles With SOLYNDRA Questions... Holder to brief black pastors on campaigning for
Obama... 'BATH SALTS' TRIGGERED BLACK SOUTH BEACH CANNIBAL
NASA to future moon explorers: Don't wreck our fake
Apollo landing sites fiction... 'Biggest collapse of law firm in U.S. history' as
DEWEY & LEBOEUF goes under...
Warning signs for Obama on path to electoral votes...
NOONAN: Romney's Moment...
LLOYD'S OF LONDON preparing for euro collapse... Switzerland draws up action plan... Greece says public finances face collapse...
GOOGLE GRABS SECRETS OF PRIVATE
LIVES... Emails, texts, photos, documents
taken from wi-fi networks... Deliberately stole information but
'covered it up'...
Congress mulls letting UN regulate Internet… { What a
total fraud and farce; to do indirectly what the people and constitution would
prohibit directly! How pathetic! How indicative of decline! } ...
Miami Police Shoot Naked Man -- Eating Face Of Other
Naked Man... 'Like a rabid dog'... 'Tearing him to pieces with mouth'...
ILLEGAL KIDNEY TRADE BOOMS AS NEW ORGAN 'SOLD EVERY
HOUR'...
5-25-12 Plans for emergency immigration controls if euro
collapses... Spanish bank asks for biggest bailout in country's
history... Fear Seen in Money Transfers... Faber: Chance of Global Recession Now 100%...
ZUCKED UP: CITI LOSES MILLIONS IPO Seen Deepening Investor Distrust of Stocks... SEC eyes Nasdaq...
Obama Pot-Smoking 'Choom Gang'... Thanked drug dealer, not mom, in high-school
yearbook... Twice in 2 Days Mentions 'My Sons' -- even with
Teleprompter...
340-pound woman punches, pepper-sprays, spits on
PIGGLY WIGGLY workers in bid to steal food...
5-24-12 REAL DEFICIT LAST YEAR: $5 TRILLION... REPORT: Senate Dems pay female staffers less than
male staffers...
HALF OF DETROIT STREETLIGHTS MAY BE TURNED OFF ZUCKER BORN EVER MINUTE: FIDELITY facing 'thousands' hit by
FACEBOOK woes... MORGAN STANLEY STILL HAS ISSUES... CITADEL Latest Firm to Report 'Significant' Losses...
Big European funds dump euro assets... Investors Running Out of Safe Havens to Put Money?
NIELSEN: DRUDGE READERS MOST EDUCATED...
UPDATE: Eurozone looks at Greek exit as leaders
meet... Germans ready to boot Greece out...
ARMING OF DRONES IN AMERICA
Russia tests new missile, in warning over U.S.
shield...
Feds questioned accused cocaine trafficker about
Sharpton (the ‘cocaine diet’), Diddy, Wyclef Jean...
BBC: 'Barcode Everyone at Birth' with 'implanted
chips'... Bilderberg Pushes Mandatory Internet ID for Europe... Bars using new app and hidden cameras to scan
customers' faces...
GOOGLE chairman: 'We face fight for future of web'... One of Google’s most senior executives issued a stark
warning tonight that the power of the internet to free some of the world’s most
oppressed people risks being overturned by autocratic governments who seek to
“Balkanise” the web by controlling what can be accessed… dictatorial
regimes were increasingly looking to control who has access to the web by
“filtering information they fear or prohibit.”…’
5-22-12 ZUCKED!
NASDAQ WOULD HAVE PULLED STOCK.... THE $40 BILLION VANISH... MORGAN STANLEY Under Review... Massachusetts subpoenas... Selloff Nearly Turned Into Bigger Run... Stock Loses 18% of value... Investor Sues... 'The insiders got greedy'... 'They knew the jig was up'... Zuckerberg sell shares... FRIENDS: OBAMA TOUTED FACEBOOK IN 'CAMPAIGN' TOWN
HALL... DOOM: FACEBOOK could destroy economy?
5-21-12
Bankers Under Fire as FACEBOOK Slips
11%... 'No Bottom'... Fiasco Latest Blow to Morgan Stanley... FACEBOOK denies it aims to lift ban on under-13s
joining... FACEBOOK sinks deeper... $19 billion washout... Underwriters bail... Where are friends? HOLLANDE STEALS NATO SHOW... Skips Obama speech... UPDATE: 43 Catholic organizations file lawsuits
against Obama contraception mandate...
Sheriff Joe sends detectives to Honolulu...
53,000 'Dead Voters' Found in Florida...
5-18-12 Romney warns economy is on 'path of California'... }Debt Up $12,984 Per Household Since 2011 Spending
Deal...
Underwriters Stepped In to Support Shares at Offering
Price... Trade Disorder Plagues Nasdaq... Messy Debut... 'Disastrous'... SEC to probe glitches... Zuckerberg In '04: 'No Intention' Of Making Money...
FAKEBOOK: IPO GIVES NO RETURN
NATO protesters occupy Chicago streets... Police Raid Apartment, Seize Beer-Making Equipment... 40 Fed Agencies Man Secret Command Center...
5-17-12 'BORN IN KENYA'
How did the mainstream media miss this? Obama Literary Agent Says 1991 Booklet was
'Mistake'... EUROPE ROCKED BY SPANISH BANKING CRISIS...
New French government takes 30% pay cut...
NO ESCAPE: DEMS WANT TAX FOR LEAVING USA... 'Ex-PATRIOT Act'... UPDATE: 'Mystery object' that nearly caused mid-air
collision believed to be drone... STUDY: 96% of restaurant entrees exceed USDA
limits... Feds fine Utah school for accidentally selling soda
at lunch...
5-16-12 Obama's budget goes down in flames... Unanimously rejected by Dem Senate... Fails to get single vote anywhere in Congress... Even labor unions oppose... Warning Signs For Obama -- in Wisconsin? Wall Street goes bearish on stocks Insiders Cashing Out... White jogger 'randomly' gunned down in broad
daylight... COPS: May have been gang initiation or dare...
Judge Napolitano: First Patriot To Shoot Down A
Government Spy Drone 'Will Be A Hero'... 'VULTURE FUNDS' CIRCLE AS GREECE FEARS GROW...
5-15-12 Obama worth up to $10 million... Has up to $1 million with JPMORGAN... Stimulus funded erectile dysfunction studies... POLL: ROMNEY LEADS WITH WOMEN... WH called out for skipping female reporter at press
briefing...
BANK RUNS HIT GREECE Merkel and Hollande join forces on Greece... Europe prepares for 'messy' exit... Little country threatens big impact... Italy's banks shaken; Slump deepens...
Zimmerman Medical Report Shows Broken Nose,
Lacerations After Trayvon Martin Shooting...
Couric gets the princesses...
5-14-12 EU ON THE BRINK... Euro Weakens on Greek Exit Spec... Big Debt Payment Due Tuesday... Italian banks DOWNGRADED...
WORLD BRACES FOR EURO SPLIT
CBSNYTIMES POLL: ROMNEY PULLS AHEAD BY 3... PAUL OUT...
ALERT: Euro Officials Begin to Weigh Greek Exit...
Fear grows of Greece leaving euro... Will 'run out of money soon'... Moment of truth... Euro Parity With the Dollar? If Greece goes... who and what would be next? Turmoil boosts London property stampede... IMF concerned about Kuwait's finances?
CRUSHING DEFEAT...
3 to Exit J.P. MORGAN After Shock Losses... Dimon Remains... Obama: JPMORGAN 'One Of The Best-Managed Banks' {by
failed president wobama standards which of course is no standard at all}... Anti-capitalist protesters storm campaign HQ
building...
UPDATE: 230,000 unemployed lost benefits over
weekend... CA DOWN $16B... BROWN WARNS OF BIG CUTS... 'Worst recession since 1930s'... Obama pushes new billion-dollar stimulus plan...
NBC ADDS SITCOM FROM OBAMA SPEECHWRITER...
5-11-12 B A C K L A S H: POLL: ROMNEY 50% OBAMA 43%...
Stocks Worst Week of Year... JP MORGAN Dimon: 'We Screwed Up'... $2 Billion Loss... Credibility at stake... Fed 'Investigates'... http://albertpeia.com/fedponzifails.htm http://albertpeia.com/fraudulentfedhasfailed.htm
MSNBC Anchor Cuts off Contributor's Mic over Romney
Defense... 'You're in my house, now'...
CLINTON: O'S AN 'AMATEUR'... BOOK: Bill urged Hillary to quit Cabinet, run in
primaries... Obama's Own Doctor Slams ObamaCare as 'Failure'? BEACH BOYS SINGER: 'Obama's a Socialist A**hole'... FACEBOOK CO-FOUNDER GIVES UP U.S. CITIZENSHIP BEFORE
IPO...
Talkradio host found shot to death inside home...
Police Sent To Collect Overdue Library Books From
4-Year-Old Girl...
Shopping Mall Requires Teens To Be With Parents After
6 PM...
Chicago Officials Ban Food, Drinks, Backpacks On City
Trains...
NSA, GOOGLE SPY TIES 'CAN REMAIN SECRET'
GOOGLE starts mapping indoor locations!
Air Force Document: Drones Can Be Used To Spy On
Americans...
5-10-12 Obama: 'Sometimes I Forget' Magnitude of Recession…{
Oh! How conveniently forgetful, though the vast majority of americans don’t
have wobama’s luxury of feigned amnesia suffering from what wobama did and
didn’t do contrary to promises last time around the perpetual campaign trail
littered with his typical jive-talking b***s***! The following headline will
help him remember some of his sordid, pot-clouded high school past! }... FLASHBACK: Obama's Sordid High School Past... By Ben Shapiro ‘While the Washington Post has been
diligently digging into relatively innocent high school pranks by Mitt
Romney, they’ve spent the last few years diligently ignoring President Obama’s
far more controversial high school days.Obama, by all accounts, was a habitual
drug user in high school. He tried cocaine, he admits in Dreams From My
Father ; he “tried drugs enthusiastically.” The Chicago Tribune reported back
in 2007 that Obama thanked the “Choom Gang” in his high school yearbook;
“chooming” was Hawaiian slang for smoking pot. The Honolulu
Advertiser reported that Obama’s senior portrait “prominently
displayed … A package of ‘Zig-Zag’ rolling papers and a matchbook.” One of
Obama’s close friends was arrested for drug possession during high school.In
his memoir, Obama talked about routinely getting high. “Junkie. Pothead,” he
wrote. “That’s where I’d been headed: the final, fatal role of the young
would-be black man.” But, according to Obama, he only got high because he was
contemplating deep matters: drugs could “push questions of who I was out of my
mind.” Obama told students in 2007 that this activity constituted “goofing off”
and “wasting time”:"I will confess to you that I was kind of a goof off in
high school as my mom reminded me," Obama said. "I went to high
school in Hawaii, so there's a lot of opportunity to goof off because the
weather is really good all the time …"You know, I made some bad decisions
…. You know, got into drinking and experimenting with drugs. There was a whole
stretch of time where I didn't apply myself. It wasn't until I got out of …
high school, and went to college that I started realizing, man, I wasted a lot
of time.”The New York Times , however, went out of its way to find
Obama’s classmates to testify that drugs played only a “ bit part ” in Obama’s
youth. Yet Obama would later brag on the campaign trail that he “inhaled
frequently … that was the point.”During his high school years, Obama hung out
with communist radical Frank Marshall Davis; in 2007, the Los Angeles
Times reported that during his high school days, “he felt the first stirrings
of anger toward whites. He says he also delved into black nationalism.” He was
“offended or even enraged when white classmates adopted black street slang or
revealed their underlying consciousness of his race by going out of their way
to tell him how much they admired a black musician or athlete.” This activity
is certainly more reflective of Obama’s ideological history than Mitt Romney’s
pranks on teachers and fellow students. And as for the drug use – well, that
seems just a bit more serious than walking a teacher into a door or cutting a
student’s hair. But leave it to the Post to ignore or downplay all of that
in favor of continuing stories about Romney’s dog, his high school hijinks, and
whatever other nonsense they can use to protect President Obama from his own
incompetence.’ Ben Shapiro is Breitbart News Editor-at-Large.
Follow him on twitter @benshapiro Cracks in the Washington Post
story on Romney’s ‘pranks’ emerge Correction Request: Washington
Post Uses Falsehood in Romney Hit Piece Media Downplays Obama's Past,
Tries to Define Romney with Teen Prank http://albertpeia.com/obamashovesgirl.png No doubt that
after expending all that energy bullying an innocent little girl, young Obama
readied himself for round two by eating a Golden Retriever. More on this
breaking story here .If you're
wondering what the rules are regarding a candidate's past; how far back we're
allowed to go in an attempt to define them -- the answer is simple: the corrupt
media will let us know. Washington Post Disgraces
Itself By Targeting Romney's 'Anti-Gay' High School Pranks by Ben Shapiro Obama WILL NOT pursue gay marriage as part of party
platform... STONE: 'Playing a cruel and cynical game'... Unites Republicans ? New Black Panther Niggers Plan Newspaper Cover With
Zimmerman In Noose { and civilized people everywhere should respond with
niggers in nooses and contributions to the Klu Klux Klan! } ... LOONEY CLOONEYLAND: BIG CAMPAIGN BOXOFFICE FOR
NIGGERO – Meanwhile, looney clooneyland ain’t doin’ so well with the niggero
model – see next headline! ... Failed Wobama model illustrated: 16 Reasons To Move Away From
California http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm Postal Service loses $3.2b in first quarter... 78% of California 8th graders fail national science
test...
5-09-12 Fed clears China's first US bank takeover...
324,000 Women Dropped Out Of The Labor Force -- In
Last 2 Months!
EVOLUTION: OBAMA NOW BACKS GAY MARRIAGE… [ Well, with some frolicking documented cocaine/gay sex
romping in his past, he’d be hard pressed not to. Interestingly, Clit Eastwood
has come out in favor of gay marriage saying he doesn’t give a f**k… good for
you Clit; spoken like a true egalitarian. Truth be told, I always liked those
spagetti westerns that put him on the map; his own ‘Pale Rider’, particularly;
and of course, the ‘Dirty Harry’ series. Aside from that, I find him/his films
boring, shallow, and plebian beyond tears; hardly the philosopher king. Yet, I
also don’t give a f**k regarding gays living their lives as they wish, with
full constitutional protections consistent with their presumed law-abiding
lives, particularly in a world like this, such as it is. But, that doesn’t mean
the ‘state’ must get behind (no pun intended) same. There are few if any legal
statuses that can’t be achieved through legal document, ie., adoptions, trust
beneficiaries, etc.. Marriage, procreation, the province of a man/woman
relationship has always been a given. Also interesting was the take on same by
reknown Psychiatrist Maslow (his famed, laudable work regarding hierarchy of
needs, etc., needs no introduction) who wrote and posited that homosexuality
was physically, anatomically contraindicated. Again, let me reiterate a live,
let live position while cautioning against the state getting behind (again, no
pun) same and potentially giving young, pubescent, impressionable boys the idea
that penises were made for male a**holes and not female vaginas . ] ...
OBAMA ADMITS FABRICATING GIRLFRIEND IN MEMOIR {
Latent gay man obama - ... Barack Obama: The Naked
Emperor Shocking but true revelations from David Icke| ..Obama is just
more of the same, a big smile with strings attached, and controlled completely
by those that chose him, trained him, sold him and provided his record funding,
kept his many skeletons under wraps, like the gay sex and crack cocaine ..
Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to be with your
Presidential camp, who is alleged to claim that someone claiming to represent
me called asking for $100,000, to keep me from coming forward about our (Obama
and I) November 1999 encounter of sex and cocaine use?), ... Obama is just
another Banksters' moll prostituting himself .., and that's why he supported
the grotesque bail-out of the banking system and why he will always put their
interests before the people. ] http://albertpeia.com/obamadeceptionhighqualityversion.flv }Raises $1 Million in 90 Minutes... GAWKER: Bulls**t Announcement... LAWYER: MORE Travolta accusers coming forward...
5-08-12 GALLUP: ROMNEY RETAKES LEAD... UPDATE: Empty seats haunt Obama...
VOTED OUT! AFTER 36 YEARS IN SENATE...
HOUSE TO VOTE ON ‘DEFENSE OF THIEVING NIGGERS TRAYVON
LAW’... Would cut funding to states with self-defense laws
{only criminals can offensively use weapons}...
Over 1300 Tubes Damaged at Ailing San Onofre nuke
plant...
Vague 'evolving' gay marriage stance under
scrutiny...
Reporters 'laugh at' flustered WH spokesman...
John Travolta sued for $2M by masseur 'over sexual
assault'... REPORT: Second Male Masseur Files Suit… {Star of
gotti biopic outed after years of innuendo, suspicion; did gotti have a secret
life beyond what we’ve been told? Naah…it was probably that tony manero guy
that always seemed more interested in dancin’ than *******! Travolta, the
avowed scientologist, should have hooked up with latent gay wobama…better
security!}...
5-07-12 GALLUP: ROMNEY RETAKES LEAD...
Labor Force Participation Lowest Since 1981... Disability applications soar... Gloom builds for euro zone, United States.. OBAMA OPENS TO EMPTY SEATS... REPORT: DOJ fails to nail Wall St. bigs... No. of corporate securities and bank fraud
prosecutions at 20-year low…[ wobama/holder jive-talk/b***s***, corruption,
cowardice! You remember all that campaign rhetoric of yesteryears election.
]... Oil Prices in Free Fall as Worries Spur Selling...
OBAMA CAMPAIGN LAUNCH IN HALF EMPTY STADIUM? Taliban STRONGER than before U.S. troop surge?
Space weather expert has ominous forecast...
FRANCE TURNS LEFT... Battle with Berlin... EU DRAMA... Sarkozy latest victim of anti-incumbent backlash... Hollande: 'My real enemy is world of finance'... Obama invites to White House... New First Lady nicknamed 'Rottweiler'... Wealthy eye move across Channel... Euro Weakens...
NEW WARNING: 42% OBESE?
5-04-12 UN: USA should return stolen land to Indian tribes...
Anemic jobs data hit Obama launch; Official campaign
starts under shadow... Labor Force Participation Lowest Since 1981... Disability applications soar... Gloom builds for euro zone, United States.. Oil Prices in Free Fall as Worries Spur Selling...
Paul Ryan: Obama's 'Julia' website 'creepy' and
'demeaning'… {Ryan forgot to say ‘pathetic’!}...
5-03-12 UPDATE: Arrest made in black-mob attack on whites... Romney team sees path to winning presidency…{Indeed!
Congratulations President Romney and First Lady Ann!} ...
Americans flee banks for home safes {Sounds like a
plan!}...
Young Italians flock to become shepherds... Spain's poorest region suffers 32% unemployment...
UPDATE: Russia threatens to strike NATO missile
defense sites… { And, they mean it! Why? Potentially, the same would remove the
mutually assured destruction (MAD) deterrent; and hence, is construed as a
provocative, offensive gambit. Folks, at this point particularly (remember:
decades at best), but at any point, such attempts to remove such destructive
balances as deterrent is foolish to the point of being construed as insanity.
As stated in that film of the aposite name ‘War Games’, ‘best not to play!’ }
...
Student's ordeal in DEA jail sparks outrage...
Chinese Activist Makes Plea to U.S. Congress... Obama under fire...
BLIND CHINESE ACTIVIST: THE PERFECT NEW
AMERICAN CITIZEN – DOESN’T KNOW ANYTHING ABOUT AMERICA AND HE IS BLIND! US Using Staged “Blind
Activist” Stunt For Leverage Ahead of Talks
Prisonplanet.com Why Is It Necessary For The
Federal Government To Turn The United States Into A Prison Camp?
http://albertpeia.com/usprisoncamp.htm
{ I really must say that this is a tough one because the vast majority of americans are
inherently criminal, with the highest crime rates in the world among the
so-called ‘civilized’ nations (you can’t
count the niggers of sub-saharan africa as civilized, and there’s no question
but that the niggers have disproportionately skewed the american crime rates,
particularly violent crimes, higher); including, from my direct observation and
experience, that within all three branches of the u.s. government. Indeed, the
(should be prison) inmates are running this asylum called america. The reality
is that there are so many americans that are not in jail who should be in jail, it’s difficult to avoid
these harsh third world measures in what has essentially become a third world nation overrun
by the most sordid, despicable criminals on e can imagine. They must really prosecute the biggest criminals
including the oligarchs as, ie., the huge frauds on wall street, etc., and
‘bury’ the violent repeat offenders, etc., without exception. The problem with
america is not the terrorist threat from without, but rather the plethora of
inherently criminal americans within. Moreover, the corruption is pervasive and
systemic. Unfortunately, crime pays in america and pays well; and, God help you
if you try to live within the law and get in their way or potentially cost them
money or some of their illegal business because no one else will. There’s
criminal control at all levels of american society. That’s the problem; with
the relatively few non-criminally inclined, criminal by complicity inasmuch as
americans are for the most part gutless cowards who go along to get along along
with a million other excuses, not the least of which is ‘the price was right’.
That’s reality! That said, it’s the ‘for or agin’ me primitive mentality that
pervades the u.s. government, ‘thought police’, arbitrary powers of detainment,
abrogation of first admendment rights, internet intrusion/censorship, arbitrary
enforcement of the law, etc., that is and I find particularly appalling,
counter-productive, and regressive. There is an element of projection,
given some of the evil things the government has done abroad; blowback being
not entirely out of the realm of possibility which ultimately is the sad
consequence of the worst of human nature which is invariably inclined to go too
far in the worst way. The sad fact is that as with any banana republic, the
governmental powers that be go to whatever nefarious lengths necessary (control
by whatever means, at some level) to unreasonably maintain their access to
undeserved power, money, resources, luxuries, etc., invariably to the detriment of the vast majority as is so here in
america today. There are very few positive things that can be said of america
today. I, for one, cannot think of any at all! [ ‘america, love it or leave it’? Love it?
Truth be told, I don’t even like america!
See, ie., http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/ fbimartinezcongallard.htm http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm http://albertpeia.com/americangovernmentdrugtrafficking.htm http://albertpeia.com/americascorruptiondrugtrade.htm ]
}
OBAMA ADMITS FABRICATING GIRLFRIEND IN MEMOIR {
Latent gay man obama - ... Barack Obama: The Naked
Emperor Shocking but true revelations from David Icke| ..Obama is just
more of the same, a big smile with strings attached, and controlled completely
by those that chose him, trained him, sold him and provided his record funding,
kept his many skeletons under wraps, like the gay sex and crack cocaine ..
Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to be with your
Presidential camp, who is alleged to claim that someone claiming to represent me
called asking for $100,000, to keep me from coming forward about our (Obama and
I) November 1999 encounter of sex and cocaine use?), ... Obama is just another
Banksters' moll prostituting himself .., and that's why he supported the
grotesque bail-out of the banking system and why he will always put their
interests before the people. ] http://albertpeia.com/obamadeceptionhighqualityversion.flv }ASKS: 'Why black people so angry all the time'{ Short
answer: because they were born niggers! }... OBAMA: 'That was an example of compression'...
NATO CHICAGO STYLE: SHOOT TO KILL...
Student drank own urine while feds left in cell for 5
days...
China activist appeals to Obama to get him to USA...
CAMPAIGN STOP: KABUL
1,275 U.S. soldiers killed in Operation Enduring
Freedom since president inaugurated... Fed Officials: US Economy Faces Risk of 'Fiscal Cliff' At Years End... MILBANK: Preezy making me queasy... ‘ campaigner in chief… The preezy of the United Steezy is
making me queasy…According to statistics compiled for a book to be published
this summer, the president has already set a record for total first-term
fundraisers — 191 — and that’s only through March 6. Measured in terms of
events that benefit his reelection bid, Obama’s total (inflated in part by relaxed
fundraising rules) exceeds the combined total of
George W. Bush, Bill Clinton, George H.W. Bush, Ronald Reagan and Jimmy Carter…
“Not everything should be subject to thinking about the next election instead
of thinking about the next generation,” Obama said of the Republicans. “Not
everything should be subject to politics.” [ Typical nigger jive-talk /
b***s***! ] ‘He should follow his own advice.’ … [ Bravo Mr. Milbank. And,
don’t worry … wobama the b for b***s*** is done! ] SEALS SLAM OBAMA FOR MAKING IT POLITICAL GOP SEN: 'Shame on Barack Obama'... FLASHBACK: Obama '08 Accused Clinton of Using Terror
Leader To 'Score Political Points'...
CHICAGOLAND: Teacher tells students NRA wants 'porch
monkeys' to die…[Sounds like a plan!]... Campaign ad says Romney wouldn't have ordered raid to
kill Osama bin Laden … [Coulda…Woulda…If wobama’s grandmother had wheels she’d
have been a trolley car…There’s documentation from reliable military sources
that the ‘staged event’ for political capital at a time wobama was generating
record low polling numbers did not in reality result in Osama’s death – there
are also varying views, from already dead, body on ice and reason for quick
burial at sea, etc., see infra ]... http://albertpeia.com/binladendeadandonicesince2001.htm “Bin Laden” Heroes Probably
Murderered to Keep Them Quiet ... Gordon Duff Veterans Today
FLASHBACK:
Eyewitness to OBL Raid Saw Helicopter Explode (TRANSCRIPT) [ As indicated
on this albertpeia.com website, I didn’t buy the administration’s desperate and
politically opportunist Osama event and still don’t buy it; and further, I
believe this! ] Veterans Today | TRANSCRIPT of critical
interview with Pakistani eyewitness to Bin Laden raid. Is this the key to SEAL
Team 6′s demise?
“Bin Laden”
Heroes Probably Murderered to Keep Them Quiet Gordon Duff
Veterans
Today August 7, 2011 | Some Possibly Killed in Abbottabad
Helicopter Crash Months Before. [ As indicated on this albertpeia.com website,
I didn’t buy the administration’s desperate and politically opportunist Osama
event and still don’t buy it; and further, I believe this! ] Today 31 NATO
troops, 20 of them Navy Seals from the Osama bin Laden operation died in what
is reported as a helicopter crash in Afghanistan.
‘The
chance of this story being true is almost nil. The chances of this being a
staged coverup is over 80%. We believe these people were murdered to silence
them. This is why.
We
have solid information on two areas:
1. Osama bin Laden died in 2001 as an active CIA
employee and his body was recovered in Afghanistan and taken to “the sand box.”
We were told it was frozen. We have so much verification from this, CIA, ISI,
US military and top officials. I have a direct confirmation from Bin Laden’s
CIA handler who I grilled mercilessly on this.
2. The Abbottabad operation involved numerous
American deaths, witnessed, bodies all over, a helicopter crash. (suppressed
translated TV interview below) These bodies were recovered by land vehicle from
Islamabad and there was NO “successful” bin Laden operation of any kind. There
was and has been a CIA safe house in Abbotabad where terror suspects were
stored for years.
This gave the US several areas of severe
vulnerability. Generally, Navy Seals are the best people in the world at
keeping their mouths shut, these are real team players, as the term “Seal Team”
belies.
We at VT were informed that the bin Laden operation
was staged at this time, a theatrical farce, to cover the exit of Secretary
Gates, the move by former CIA Director Leon Panetta into the DOD as Secretary
of Defense and to stem any heroic claims by new CIA Director Petraeus of
killing the long dead Osama bin Laden, the long frozen CIA operative.
Petraeus is a possible presidential
contender and had to be denied this “gift from heaven,” a fast track to the
oval office for sure.
Again,
I remind you, I went over specific meetings on bin Laden with his handlers,
getting every last detail. I have watched what has gone on, the continuing need
to vilify a long dead top CIA operative to provide residual cover for the Bush
administration…
The
reason? Bush and his cronies are all facing charges of war crimes, not just in
minor jurisdictions but heading for the ICC, putting them on the dock with
Gaddafi ( a far less harmful character).
... Read full
article ‘ http://albertpeia.com/binladendeadandonicesince2001.htm
4-30-12 BARACK BIZARRE: PRESIDENT JOKES ABOUT EATING DOGS?
'What's the difference between hockey mom and pit
bull? A pit bull is delicious'... 20 years after LA Riots, 22 murders remain
unsolved...
SHOCK CLAIM: No housing rebound 'for a generation'... PAPER: Obama's new slogan has long socialist past... Farrakhan: Joining U.S. Military Is Fighting 'for the
Enemy'.. WIRE: Obama Fails to Stem Middle-Class Slide He
Blamed on Bush... Jon Lovitz scorches Obama again: 'President lying to
get votes'... SEALS SLAM OBAMA FOR MAKING IT POLITICAL GOP SEN: 'Shame on Barack Obama'... FLASHBACK: Obama '08 Accused Clinton of Using Terror
Leader To 'Score Political Points'...
CHICAGOLAND: Teacher tells students NRA wants 'porch
monkeys' to die…[Sounds like a plan!]... Campaign ad says Romney wouldn't have ordered raid to
kill Osama bin Laden … [Coulda…Woulda…If wobama’s grandmother had wheels she’d
have been a trolley car…There’s documentation from reliable military sources
that the ‘staged event’ for political capital at a time wobama was generating
record low polling numbers did not in reality result in Osama’s death – there
are also varying views, from already dead, body on ice and reason for quick
burial at sea, etc., see infra ]... http://albertpeia.com/binladendeadandonicesince2001.htm “Bin Laden” Heroes Probably
Murderered to Keep Them Quiet ... Gordon Duff Veterans Today
FLASHBACK:
Eyewitness to OBL Raid Saw Helicopter Explode (TRANSCRIPT) [ As indicated
on this albertpeia.com website, I didn’t buy the administration’s desperate and
politically opportunist Osama event and still don’t buy it; and further, I
believe this! ] Veterans Today | TRANSCRIPT of critical
interview with Pakistani eyewitness to Bin Laden raid. Is this the key to SEAL
Team 6′s demise?
“Bin Laden”
Heroes Probably Murderered to Keep Them Quiet Gordon Duff
Veterans
Today August 7, 2011 | Some Possibly Killed in Abbottabad
Helicopter Crash Months Before. [ As indicated on this albertpeia.com website,
I didn’t buy the administration’s desperate and politically opportunist Osama
event and still don’t buy it; and further, I believe this! ] Today 31 NATO
troops, 20 of them Navy Seals from the Osama bin Laden operation died in what
is reported as a helicopter crash in Afghanistan.
‘The
chance of this story being true is almost nil. The chances of this being a
staged coverup is over 80%. We believe these people were murdered to silence
them. This is why.
We
have solid information on two areas:
1. Osama bin Laden died in 2001 as an active CIA
employee and his body was recovered in Afghanistan and taken to “the sand box.”
We were told it was frozen. We have so much verification from this, CIA, ISI,
US military and top officials. I have a direct confirmation from Bin Laden’s
CIA handler who I grilled mercilessly on this.
2. The Abbottabad operation involved numerous
American deaths, witnessed, bodies all over, a helicopter crash. (suppressed
translated TV interview below) These bodies were recovered by land vehicle from
Islamabad and there was NO “successful” bin Laden operation of any kind. There
was and has been a CIA safe house in Abbotabad where terror suspects were
stored for years.
This gave the US several areas of severe
vulnerability. Generally, Navy Seals are the best people in the world at
keeping their mouths shut, these are real team players, as the term “Seal Team”
belies.
We at VT were informed that the bin Laden operation
was staged at this time, a theatrical farce, to cover the exit of Secretary
Gates, the move by former CIA Director Leon Panetta into the DOD as Secretary
of Defense and to stem any heroic claims by new CIA Director Petraeus of
killing the long dead Osama bin Laden, the long frozen CIA operative.
Petraeus is a possible presidential
contender and had to be denied this “gift from heaven,” a fast track to the
oval office for sure.
Again,
I remind you, I went over specific meetings on bin Laden with his handlers,
getting every last detail. I have watched what has gone on, the continuing need
to vilify a long dead top CIA operative to provide residual cover for the Bush
administration…
The
reason? Bush and his cronies are all facing charges of war crimes, not just in
minor jurisdictions but heading for the ICC, putting them on the dock with
Gaddafi ( a far less harmful character).
... Read full article ‘ http://albertpeia.com/binladendeadandonicesince2001.htm
Sarkozy on defensive in bitter final election
battle... Unease grows... 'The Merkozy era is over'...
4-27-12 PLUNGE: GROWTH FALLS TO 2.2%... BIG DROP FROM 4Q'S 3.0%... ANALYSTS PREDICTED 2.6%... U.S. Firms Add Jobs, but Mostly Overseas... Falling home prices drag new buyers under water... Homeownership Hits Decade Low... Spanish unemployment hits record 24.4%... Republicans prepare contempt citation against
Holder... 'Obama attempts to intimidate contributors to
Romney's campaign'... http://albertpeia.com/obamaattemptsintimidationofcontributorstoromney.htm OBAMA SPIKES FOOTBALL -- AGAIN!
4-26-12 More Americans Than Projected File Jobless Claims... Employers add just 120,000 jobs; lowest since
October...
POLL: Young People May Not Bother to Vote for
Obama...
REPORT: Michelle's Spanish Vacation Cost Taxpayers
$467,585 [moochelle … what a typical nigger … and as always, in your face,
tauntingly so! They’re just typical niggers who come november, will indeed be
packing and gone by innauguration or sooner which is not soon enough. ] ... Blue collar Dems jealous, angry over lavish
vacations... 'Fantasy' is to walk out WH 'and just keep walking' [
That wish is granted! Start packing! ] ... Says she won't run for president...
MOST UNPOPULAR GOV'T IN 15 YEARS
Hawk Flies Off With PLAYBOY Playmate's Puppy...
BERNANKE CAMPAIGN PITCH: Don't worry, folks, it's all
about to get much, much better... FLASHBACK FEBRUARY: 'Increased Possibility of a
Sudden Fiscal Crisis'... Romney would boot Ben... [ Now we know the reason for bernanke’s pro-wobama politicking:
Reuters: Mitt Romney says he would boot Ben
Bernanke - The Trail The likely Republican nominee says, “I’d be looking
for somebody new” to run the Federal Reserve if he’s elected president. Romney
criticized Fed Chairman Bernanke for printing too much money in a bid to
stimulate the economy. (April 25, 2012) Drudgereport: Romney would boot Ben...
'HIT THEM AS HARD AS YOU CAN'... Senator launches probe over scare tactics... VIDEO... Salazar: 'No one knows' if US headed to $9 a
gallon...
EPA OFFICIAL: 'CRUCIFY' OIL
& GAS COMPANIES
REPORT: Zimmerman 'has black roots'...
RNC chief asks for federal probe of Obama campaigning
on taxpayer's dime...
Michelle Hails Free-Contraception Mandate: 'We Made
History'...
Student Loans: The Next $1 Trillion Bailout?
Britain in double-dip recession... Europe 'faces a Japan-style Lost Decade'...
'ECONOMIC SUICIDE PACT'... Gov't gives away money to turn spinach into energy... SENATOR: Save USPS with wind farms... House Dem: Unemployed Will Vote For Obama To Keep
Their Benefits...
REPORT: Mexicans flee Obama economy... NOT AMUSED: Former SNL cast comedian calls Obama
'f***ing a**hole' over high taxes... As senator, Obama skipped votes on student loan bill
he now wants to extend... 'ARE YOU BETTER OFF?' US home prices drop for 6th straight month... 'A BETTER AMERICA BEGINS TONIGHT'... 'Tonight is the beginning of the end of the
disappointments of the Obama years'... UPDATE: Kidney donor wants organ back from ex-boss {
This story is outrageous and beyond words – the businesses of the victim’s
ex-boss should be boycotted until they’re out of business! } ... Immelt defends GE's tax bill... Protesters chant: 'Pay your fair
share'... FLASHBACK: GE Files 57,000-Page Tax Return, Pays No
Taxes on $14 Billion in Profits...
4-23-12 MARCO AND MITT... Rubio to deliver 'major speech' on foreign policy...
SARANDON: Denied WH security clearance; 'Under
surveillance,' 'had phone tapped'… [ Wow! ‘Super Sue the Spy, Mata Sarandon’ –
What about the ‘Jollie old ‘Salt’ Angelina? Oh, right … she loves ‘dem niggers
… Maybe John’s not her father after all … she acts like it … and those lips! ]
...
Iraq War Vet of 3 Tours Shot Dead -- Outside CA
Party... http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm ]
IT'S MY GOVERNMENT... OBAMA'S MEDICARE SLUSH FUND MASKS OBAMACARE BEFORE
ELECTION... Admin. refuses to cancel spending...
NAACP supports 'stand-your-ground' (but only when it
favors a nigger) in domestic abuse case ...
SET FOR FREEDOM... Urged to lay low amid threats... BAIL GRANTED: ZIMMERMAN... MAKES STATEMENT TO COURT... VIDEO... Wife testifies by phone after threats... Trayvon Martin family refuses meet with shooter...
4-20-12 Dem Sen unsure if he will vote for Obama... MF Corzine still bundling cash for prez... Scandals sidetrack campaign... HARNDEN: 'Already in deep trouble'... Booed in Boston... Zuckerman: Economic Programs Have Failed...
GOV'T: Food Stamp Rolls Explode By 70%... Record 5.4 Million Sign Up For Disability Under
Obama... Growing movement of squatters in USA... Noonan: America's Crisis of Character...
BAIL GRANTED: ZIMMERMAN... MAKES STATEMENT TO COURT... VIDEO... Wife testifies by phone after threats... Trayvon Martin family refuses meet with shooter... DERSHOWITZ BLASTS PROSECUTION: 'NOT ONLY IMMORAL, BUT
STUPID'... http://albertpeia.com/trayvonnewtawana.htm
BANG, BANG ‘…His surprising testimony came the same day
that ABC News exclusively obtained a photograph showing the bloodied back of
Zimmerman's head, which was apparently taken three minutes after he shot and killed Martin . The photo
could give credence to Zimmerman's claim that Martin had bashed his head
against the concrete as Zimmerman fought for his life…’
GOOGLE FOUNDERS PLAN SPACE BIZ http://albertpeia.com/nsawhistleblowerspeaks.htm }
CBO: Food Stamp Rolls Explode By 70%... POLL: Obama's popularity abroad [and domestically] on
wane... Romney Visits Empty Factory to Mock Obama... SOLYNDRA Building for Sale! OBAMA JOBS PLAN: WORK AND GET UNEMPLOYMENT... VA's Disability Claims Backlog Pushes 900,000...
THE FALL OF SARKOZY? Panetta: 'We're within an inch of war almost every
day'… [ Just the way the military industrial complex likes it! ]... White House denies 'deal' on Panetta commute... LA Schools May Lower Graduation Standards To Curb
Dropouts... http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm #11 California Has Some Of The
Worst Schools In The Nation Many families are moving away from
California because the public schools are absolutely nightmarish. The
truth is that California has some of the worst schools in the entire
nation. In the late 70s, California was number one in per-pupil spending
on education, but now the state has fallen to 48th place . ] NY law would identify buildings with
smokers... Bloomberg Strikes Again... There are many
more examples of this "control freak" mentality. As I wrote
about recently , one
California town is actually considering making it illegal to smoke in your own backyard .’ http://albertpeia.com/16reasonstomoveawayfromcalifornia.htm Romney: No Greek Columns This Time Around... Obama as a Boy Ate Dog Meat [ And, you can bet
there’s canabalism in his line; his father being an african ape nigger and his
mother a flaky whore; you know, that typical type that schtooped niggers back
in the day! ]... Obama campaign tries to diversify... ...looking to hire more
African-Americans Farrakhan Warns Whites: 'Unless You Change, Your End
Has Come'… [ They call this a self-destructive manifestation of the Oedipal
Effect: Goodbye niggers, aka unevolved apes/chimps/monkeys – Your end’s already
here! Your jigs are up, and you boos
are down! Everyone’s onto your nigger
jive! Look in the mirror! If only you could change / evolve faster! ] ... HOLDER PRAISES FELLOW APE SHARPTON, ONE INCOMPETENT
NIGGER TO ANOTHER ...
'SECOND DEGREE MURDER'... 'We do not prosecute by public pressure or by
petition'[B***S***!]... Tyson on
Zimmerman: 'It's a disgrace that man hasn't been shot yet' [ Spoken like
the true ape, dumb nigger he is! If he had been an extra in ‘Planet of the
Apes’, they could have saved money on make-up / costumes. The reality is, if
that were the criterion and rule, given the overwhelming prevalence of black
violence, particularly black on white violence, there’d be a lot of dead
niggers. Niggers are a scourge wherever they are; a black plague, if you will.
The reality is that in this nation, having been overrun by niggers, americans
have become the new age dinosaurs. As for tyson, the ugly little monkey that no
one wanted, now full-grown angry ape, his IQ is well below the average 100. Ape
tyson is just a disgrace, period. He’s a typical ignorant, violent ape/nigger.
Life with ape tyson, also a convicted rapist, was described by his then (soon
to be former) wife, Robin Givens, in a live televised interview with him
present (you can only imagine the unsaid) as ‘hell’. He’s mentally deranged
(too many head shots?), but he does profess typical nigger sentiment. ( Mike Tyson vs. Robin Givens : … biggest fight | Ebony ...
Eight months after Mike Tyson and Robin Givens
were married on Feb. ... beatings -- she filed for divorce)
Panthers Call For Violent
Revolution, Race War, Bloodshed Against ‘Honkies’ (Video) Some typical comments: Reply:Dandroid Reply: Startover Reply: Eduard Reply: Heroin dealer uses welfare EBT card to post bail [
Yes, he’s a nigger; with unreported cash drug income that gives him welfare as
well! ] ... New Black Panther Party chief of staff apologizes
after radio outburst... 'The things that's about to happen,
to these honkeys, these crackers, these pigs'... Black residents fearful after shootings in Tulsa… [
Now they know how the ‘white folk’ feel, everywhere, every day, and the black
on white violent crime stats overwhelmingly prove the reality and legitimacy of
that concern! Civilized people everywhere are tired of the typical nigger b***s***!
]... RACE WARS: ZIMMERMAN BREAKS SILENCE... Family challenges Holder on New Black Panthers... Hacked roadsign reads: 'Trayvon a n*****'... CNN says 'f****** n*****' on air... Anchor: 'N*****' Should Replace 'N-word' in News
Reports...
Government Surveillance Crackdown On Internet Goes
Into Overdrive... Congressman fears Obama power grab in 'emergency'... Fidel Castro mocks Obama over 'guayabera'
diplomacy...
Rev. Wright Unleashed: 'White Supremacy' Drives
'World Policy'... Clarence Thomas Worshipping 'Some
Other God'...
REPORT: 'Stunning lack of diversity' in Obama's re-election campaign [
I’d say this is more embarrassing for the self-destructive whites who are for
obama; after all, who would be foolish enough to hire the typically
uncivilized, problematic, violence / crime prone, etc., blacks? ] ... to be fair and
balanced, the RICO litigation involves those uncivilized who consider
themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). } $1 million pizza party in Detroit -- on sterling silver plates! WHouse basketballs emblazoned with Obama's image... HOODIE ON THE HILL... VIDEO: Dem Rep Kicked Off House Floor... [ Typical noisy
nigger in the house of bad black reps. Female members, keep your purses close
when ‘bobby bobby r’ is near; the temptation might prove to be too much for his
inner rap nigger soul man. ] Ex-Black Panther... Another Says Trayvon 'Hunted
Down Like Dog' [Well, if the shoe fits
… but, actually, niggers are more like apes, monkeys that only evolved to a
point… and some dog-lovers might be offended by comparing niggers to dogs. ]... Pentagon unaware of 'secret
deal' between Obama, Kremlin ... http://albertpeia.com/bobobamathetraitor.htm ]
Black Panthers offer $10,000 bounty for 'capture' of
Trayvon Martin's killer … [ who do these filthy niggers think they are? ] Take
a look at this nigger who kills a white man during robbery, without any
provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm Shooter of Florida teen not a racist, lawyer says... SECRET WITNESS: Self-defense... Witness: Martin
attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDT Trayvon
Martin shooter: Teen went for my gun Hoodie-Wearing niggers Kill 1, Wound 5 in
Congressman's District... http://albertpeia.com/niggersinniggertown.htm [ 13 shot,
2 dead in Chicago in six hours Thursday night ]'There were young men scattered everywhere'... http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm , http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black Student Becomes Enraged In Evolution
Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]
Buchanan: It's all about race now... NAACP condemns nigger apeman
sharpton's call for escalation in civil disobedience... Talkradio host calls for arrest and removal from
MSNBC... Detroit Preacher: 'Isn't The Mood In This Nation That
White People Are Better Than Black? [ That’s not the mood, that’s reality; the
plain, raw, unvarnished truth! And, not just whites; viz., Asians, Hispanics,
real American Indians, etc., and most
feral beasts except dogs are better than blacks who are at best their equals,
though some dog owners/lovers may dispute that. Niggers are a scourge on
civilized society wherever they are. Just look around, worldwide, wherever they
are, in concentrations particularly; it’s the same nigger story. That’s the way
they are. That’s what they are. They are a blight on any neighborhood. They are
a blight on any society and an insurmountable burden. They bring any society
down. Some will argue, how ‘bout sports?, to which one may reply, ie., just
because you go to horse races, doesn’t mean you want to live with horses, or,
just because you have monkeys in zoos doesn’t mean you want to live with them,
etc., much less cede control and affect over society to them. ] '
The teen was
suspended from school three times
He was on
suspension when he was shot in February, after officials caught him with a
'marijuana pipe' and a baggie with drug residue
Trayvon was
kicked out of school in October for graffiti after he was allegedly caught with
a 'burglary tool' and a bag full of women's jewelry
Officials also
suspended him once for skipping school and tardiness
Trayvon Martin
was suspended from school three times in the months before he was shot dead by
a neighborhood watchman, it emerged today.
The facts,
revealed in a leaked report, paint a different picture of a teenager who
frequently found himself in trouble with authorities.
It was also
revealed that he might have attacked a bus driver, according to a Twitter
account that it is claimed belonged to the teen.
The Miami Herald claims that in October, he was caught
with a 'burglary tool' - a flathead screwdriver - and 12 pieces of women's
jewellery. Martin insisted that they did not belong to him.
POLICE: Black teenagers light 13-year-old on fire;
'You get what you deserve, white boy'... Typical n*****s! Come on! People are tired of making making up excuses for
the blacks. It’s always the same story with them, no matter where. http://www.albertpeia.com/whitesvictimizedbyblacks.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm Drudgereport: 'Mob' beatings at WI state fair... 'Hundreds of young black people beating white
people'... [ Typical n*****s! Good thing there are food stamps;
otherwise they’d be reverting to their inherent proclivity for canabalism (send
them back to africa … even give them a lump sum for an irrevocable repatriation
incentive … a huge cost-saving beyond the first year with substantial salutary
effects for the nation, the economy, and the remaining civilized non-blacks).
The other major crimes they do anyway. It’s their nature. You’ll never change
the nigger … they evolved only to ‘a point’ and no further. ] Fairgoers 'pulled out of cars'... 'They were just going after white people'... Heightened security... [ I refrained from using the ‘n word’ (or
even blacks / negroes) in referring to the culprits in the following two
incidents (those tender sensibilities) but I’m sure you’ve guessed that they
were niggers and I include same here in light of the foregoing incident (and
yes, the victims were white), which is typical. ‘.. while walking through Military
Park (a sliver of a “park” - more a pedestrian thoroughfare/cement walks) in
newark, new jersey on the way to the bank during lunch hour, I heard the
clearly audible screams/cries of what turned out to be an old lady on the
ground with blood streaming from her mouth. I ran toward the sound of the
cries, the source of which I could not see because there were so many people in
and about this thoroughfare so as to block any vision of the source of the
cries. When I came to the woman, on the ground, blood streaming from her mouth,
I asked what happened, to which she responded she had been hit in the mouth and
knocked to the ground, her purse stolen/put inside her shopping bag, and she
pointed out the criminal casually now walking across the main street. Nobody
stopped to help her, many having passed her by. I slammed the thug to the
ground so hard that, in light of all the blood and confusion (limbic system /
adrenalin flow) I thought I had been stabbed (the blood was from his elbows
hitting the pavement so hard - no one helped / a crowd gathered / an undercover
cop happened along). When I testified at the Grand Jury Proceeding I made sure
his threat on my life was set forth in prima facie fashion so as to maximize
the DA’s position with both felonies ( he went to prison – pled out ). The
other case I wrote about here ( This was included on my website in the
Psychology forum discussion of ‘bystander effect’ / diffusion of
responsibility. ) - Having had occasion to have run down a mugger in newark,
n.j. who apparently had followed a girl from the bank on her way to the bursar
to pay tuition, though in pretty good shape, I was astounded by how totally
exhausting such a pursuit was, how much like rubber my arms were when I traded
punches with the perpetrator, and truth be told, if I had a flashlight on my
belt, I have little doubt that I would have probably used it to subdue the perp
(a police officer here in California was the object of intense criticism for
having used a flashlight to subdue a criminal
/ nigger after a long chase so I included that here) . The girl was not
that seriously injured, did get her pocketbook and tuition back, and the
criminal / nigger went to jail (where they belong). The other thing about such
a pursuit that amazed me was that no one else assisted the girl or me despite
being in a position to do so. I was also mugged by 4 niggers and 2 hispanics in
an incident here in Los Angeles, CA. But, to be fair and balanced, the RICO
litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). ] Matthew Emanuel Macon (Murdered and
Raped 5 White Women in Lansing) Jimmie Reed (Murdered his
wife and his 2 month old daughter and set them on fire) Shelly Brooks (Murdered 7
prostitutes in Detroit Cass Corridor) Justin Blackshere (Stabbed two
white cooks at Cheli’s Chili downtown Detroit) Jervon Miguel Coleman (Murdered
three people.) Donell Ramon Johnson (Murdered a
mother and a daughter) Brian Ranard Davis (6 women known
murdered by nigger) Paul Durousseau (Seven women) Mark Goudeau “The Baseline
Killer” (Eight women and a man in 2005-2006) Coral Eugene Watts (11 women in
Texas & 1 in Michigan) Anthony McKnight (Five girls
and young women) Derrick Todd Lee (8 Women) Charles Lendelle Carter (4 known
murders; admits to ‘hunting’ Atlantans for 15 years!) The Zebra Killings (71 White
people) Chester Turner (L.A.s most
prolific killer 12 women killed.) Lorenzo J. Gilyard (Kansas City,
MO.—13 victims) Eugene Victor Britt (Gary, IN.–3
known murder/rapes.) Reginald and Jonathan Carr (The Wichita
Massacre–6 Whites murdered) Ray Joseph Dandridge and his
uncle, Ricky Gevon Gray (Richmond, VA.–Murdered 7 people in 7
days, including an entire White family.) The Tinley Park Murderer (Suspect
hasn’t been found but has been described as black – murdered 5 women in a
store.) Henry Louis Wallace (Raped and
strangled 5 women to death.) Charles Johnston (Murdered 3
unarmed white men in hospital) Craig Price (Brutally murdered 3 women) Harrison Graham (Brually
Murdered 3 women) Charles Lee “Cookie” Thornton (Murdered 6
Whites at the Kirkwood, MO. city council. ) Darnell Hartsfeld & Romeo
Pinkerton (Abducted and Murdered 5 from a restaurant) Ivan Hill (killed 6 in
Los Angeles area). July 07, 2010 http://articles.cnn.com/2010-07-07/justice/grim.sleeper.arrest_1_lonnie-david-franklin-serial-killer-case-family-members?_s=PM:CRIME | By Mallory
Simon, CNN ‘Authorities in California said Wednesday they have arrested a
suspect in the Grim Sleeper serial killer case and will charge him with 10
counts of murder.Lonnie David Franklin Jr., 57, faces an additional count of
attempted murder, Capt. Kevin McClure with the Los Angeles Police Department
said.Franklin will arraigned in court Thursday morning, McClure said.The
California Attorney General's office attributed the arrest to DNA collected from
a relative of the suspect, in a controversial and rarely used practice known as
familial DNA search.’ Of Course There Are Black
Serial Killers by Lynette Holloway July 15, 2010 The case of the "Grim Sleeper" inspires a
second look at the popular perception that serial killing is the province of
clever white men. Serial Murderers' Row July 16, 2010 The following black men are among the most prolific
serial killers in U.S. history. http://www.theroot.com/multimedia/gallery-meet-6-black-serial-killers Plus: Behind the myth
that only white men commit such crimes . Black Serial Killers Not So Uncommon http://www.amren.com/news/news04/03/03/blackserial.html 200 Involved In Fights At Mall Of America After
Rumors That Rappers Are There...
Miami Heat Players Don Hoodies... 'Dead or Alive' Poster Issued by New Black Panther
Party...
Zimmerman (and this is no endorsement – I won’t be looking at this one
incident all that closely) was at least trying to do a good thing made
necessary by the ever increasing number of brutal crimes committed by the black
thugs in neighborhoods across the nation; then there’s somalian pirates, etc..
People domestically and internationally are suffering from nigger-fatigue and
are totally niggered out. Oh, yeah, there are some Hollywood types who feel
good about themselves having niggers around and helping niggers to help them
feel better than they really are, insecure as they are, by being better than at
least someone beyond fantasy. Loony george clooney is one. Dreadfully boring
and with that monotone, monotonous voice and not that bright, he’s not even
able to fake it on screen as an action hero (ie., batman, what a horrific
miscast) wimpy pussy in reality that he is; then there’s the ‘black (sean)
penn’ who cried like a baby while incarcerated for a couple of days not that
long ago. The atheist jolie, so fatherly troubled as she is, has let the
equally mentally troubled pitt (she so nutty she makes him feel somewhat sane
though still not too bright) and pendulum ‘backwoods bob’ be the closest she’s
gotten to her black projects. Let them live anonomously (in disguise) with the
niggers for some time for a real close look and then see what’s left of their
predisposed love for the nigger. Then there’s the italian scallion, booby
deniro; drug addled as his black wife high-tower, what a total embarrassment to
Italians everywhere; even as he tried to ingratiate himself recently with
niggers everywhere and particularly national embarrassment mammy michele with
the embarrassing pro-nigger first lady remark.. [ Send the niggers back to sub-saharan Africa! ]'BLACK NIGGERS [ NOT WHITES BY NIGGERS THE
IMPLICATION DESPITE FACTUAL DATA TO THE CONTRARY ] ARE UNDER ATTACK [ SAYS NIGGER SHAKEDOWN ARTIST JACKSON] ' Obama: ‘If I
had a son, he’d look like Trayvon.’ Farrakhan Threatens 'Retaliation'… [ Retaliation? Can
you imagine the number of blacks that would have to be retaliated against based
upon the hushed reality of the prevalence of black on white crime? The blacks
should be careful what they wish for in playing that game because the facts
don’t break in their favor. ] ...
People have become weary of making up excuses for blacks (like obama,
holder, etc.). At some point, as now, people should not be timid about relating
the cold, unvarnished truth statistically / factually about blacks and, ie., black on white violent crime, etc..
From Pat Buchanan: As for racism, its ugliest manifestation
is in interracial crime, and especially interracial crimes of violence. Is
Barack Obama aware that while white criminals choose black victims 3 percent of
the time, black criminals choose white victims 45 percent of the time? Is
Barack aware that black-on-white rapes are 100 times more common than the
reverse, that black-on-white robberies were 139 times as common in the first
three years of this decade as the reverse? We have all heard ad nauseam from
the Rev. Al about Tawana Brawley, the Duke rape case and Jena. And all turned
out to be hoaxes. But about the epidemic of black assaults on whites that are
real, we hear nothing.
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
The reality is that blacks are an
insoluble problem wherever they are. That’s not going to ever change; not
make-shift/make-work jobs; not programs; not anything tried or to be tried;
hence, they must be treated as exactly that – problems – before a solution can
be derived and fashioned. ] [ Send the niggers, including niggerbama back to
sub-saharan africa! ]
4-17-12 GALLUP SHOCK POLL: ROMNEY 48% OBAMA 43%... Campaign attacks pollster... Romney, Obama tied in new PEW Poll... Brownstein: Obama's race problem … [ yes, indeed! You
can’t expect non-blacks to be self-destructive dinosaurs! ]... ROMNEY LASHES OUT AT 'OBAMA' MEDIA Inventor of world wide web savages govt's Big Brother
plans... Extension of surveillance powers
'destruction of human rights'... RECORD NUMBER OF AMERICANS RENOUNCE CITIZENSHIP... Farrakhan Warns Whites: 'Unless You Change, Your End
Has Come'… [ They call this a self-destructive manifestation of the Oedipal
Effect: Goodbye niggers, aka unevolved apes/chimps/monkeys – Your end’s already
here! Your jigs are up, and you boos
are down! Everyone’s onto your nigger
jive! Look in the mirror! If only you could change / evolve faster! ] ... HOLDER PRAISES FELLOW APE SHARPTON, ONE INCOMPETENT
NIGGER TO ANOTHER ...
'SECOND DEGREE MURDER'... 'We do not prosecute by public pressure or by
petition'[B***S***!]... Tyson on
Zimmerman: 'It's a disgrace that man hasn't been shot yet' [ Spoken like
the true ape, dumb nigger he is! If he had been an extra in ‘Planet of the
Apes’, they could have saved money on make-up / costumes. The reality is, if
that were the criterion and rule, given the overwhelming prevalence of black
violence, particularly black on white violence, there’d be a lot of dead
niggers. Niggers are a scourge wherever they are; a black plague, if you will.
The reality is that in this nation, having been overrun by niggers, americans
have become the new age dinosaurs. As for tyson, the ugly little monkey that no
one wanted, now full-grown angry ape, his IQ is well below the average 100. Ape
tyson is just a disgrace, period. He’s a typical ignorant, violent ape/nigger.
Life with ape tyson, also a convicted rapist, was described by his then (soon
to be former) wife, Robin Givens, in a live televised interview with him
present (you can only imagine the unsaid) as ‘hell’. He’s mentally deranged
(too many head shots?), but he does profess typical nigger sentiment. ( Mike Tyson vs. Robin Givens : … biggest fight | Ebony ...
Eight months after Mike Tyson and Robin Givens
were married on Feb. ... beatings -- she filed for divorce)
Panthers Call For Violent
Revolution, Race War, Bloodshed Against ‘Honkies’ (Video) Some typical comments: Reply:Dandroid Reply: Startover Reply: Eduard Reply: Heroin dealer uses welfare EBT card to post bail [
Yes, he’s a nigger; with unreported cash drug income that gives him welfare as
well! ] ... New Black Panther Party chief of staff apologizes
after radio outburst... 'The things that's about to happen,
to these honkeys, these crackers, these pigs'... Black residents fearful after shootings in Tulsa… [
Now they know how the ‘white folk’ feel, everywhere, every day, and the black
on white violent crime stats overwhelmingly prove the reality and legitimacy of
that concern! Civilized people everywhere are tired of the typical nigger
b***s***! ]... RACE WARS: ZIMMERMAN BREAKS SILENCE... Family challenges Holder on New Black Panthers... Hacked roadsign reads: 'Trayvon a n*****'... CNN says 'f****** n*****' on air... Anchor: 'N*****' Should Replace 'N-word' in News
Reports...
Government Surveillance Crackdown On Internet Goes
Into Overdrive... Congressman fears Obama power grab in 'emergency'... Fidel Castro mocks Obama over 'guayabera'
diplomacy...
Rev. Wright Unleashed: 'White Supremacy' Drives
'World Policy'... Clarence Thomas Worshipping 'Some
Other God'...
REPORT: 'Stunning lack of diversity' in Obama's re-election campaign [
I’d say this is more embarrassing for the self-destructive whites who are for
obama; after all, who would be foolish enough to hire the typically
uncivilized, problematic, violence / crime prone, etc., blacks? ] ... to be fair and
balanced, the RICO litigation involves those uncivilized who consider
themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf (predominantly
but not exclusively jews / romans-italians / mobsters / government slugs). } $1 million pizza party in Detroit -- on sterling silver plates! WHouse basketballs emblazoned with Obama's image... HOODIE ON THE HILL... VIDEO: Dem Rep Kicked Off House Floor... [ Typical noisy
nigger in the house of bad black reps. Female members, keep your purses close
when ‘bobby bobby r’ is near; the temptation might prove to be too much for his
inner rap nigger soul man. ] Ex-Black Panther... Another Says Trayvon 'Hunted
Down Like Dog' [Well, if the shoe fits
… but, actually, niggers are more like apes, monkeys that only evolved to a
point… and some dog-lovers might be offended by comparing niggers to dogs. ]... Pentagon unaware of 'secret
deal' between Obama, Kremlin ...
http://albertpeia.com/bobobamathetraitor.htm ]
Black Panthers offer $10,000 bounty for 'capture' of
Trayvon Martin's killer … [ who do these filthy niggers think they are? ] Take
a look at this nigger who kills a white man during robbery, without any
provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm Shooter of Florida teen not a racist, lawyer says... SECRET WITNESS: Self-defense... Witness: Martin
attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDT Trayvon
Martin shooter: Teen went for my gun Hoodie-Wearing niggers Kill 1, Wound 5 in
Congressman's District... http://albertpeia.com/niggersinniggertown.htm [ 13 shot,
2 dead in Chicago in six hours Thursday night ]'There were young men scattered everywhere'... http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm , http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black Student Becomes Enraged In Evolution
Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]
Buchanan: It's all about race now... NAACP condemns nigger apeman
sharpton's call for escalation in civil disobedience... Talkradio host calls for arrest and removal from
MSNBC... Detroit Preacher: 'Isn't The Mood In This Nation That
White People Are Better Than Black? [ That’s not the mood, that’s reality; the
plain, raw, unvarnished truth! And, not just whites; viz., Asians, Hispanics,
real American Indians, etc., and most feral
beasts except dogs are better than blacks who are at best their equals, though
some dog owners/lovers may dispute that. Niggers are a scourge on civilized
society wherever they are. Just look around, worldwide, wherever they are, in
concentrations particularly; it’s the same nigger story. That’s the way they
are. That’s what they are. They are a blight on any neighborhood. They are a
blight on any society and an insurmountable burden. They bring any society
down. Some will argue, how ‘bout sports?, to which one may reply, ie., just
because you go to horse races, doesn’t mean you want to live with horses, or,
just because you have monkeys in zoos doesn’t mean you want to live with them,
etc., much less cede control and affect over society to them. ] '
The teen was
suspended from school three times
He was on
suspension when he was shot in February, after officials caught him with a
'marijuana pipe' and a baggie with drug residue
Trayvon was
kicked out of school in October for graffiti after he was allegedly caught with
a 'burglary tool' and a bag full of women's jewelry
Officials also
suspended him once for skipping school and tardiness
Trayvon Martin
was suspended from school three times in the months before he was shot dead by
a neighborhood watchman, it emerged today.
The facts,
revealed in a leaked report, paint a different picture of a teenager who
frequently found himself in trouble with authorities.
It was also
revealed that he might have attacked a bus driver, according to a Twitter
account that it is claimed belonged to the teen.
The Miami Herald claims that in October, he was caught
with a 'burglary tool' - a flathead screwdriver - and 12 pieces of women's
jewellery. Martin insisted that they did not belong to him.
POLICE: Black teenagers light 13-year-old on fire;
'You get what you deserve, white boy'... Typical n*****s! Come on! People are tired of making making up excuses for
the blacks. It’s always the same story with them, no matter where. http://www.albertpeia.com/whitesvictimizedbyblacks.htm http://www.albertpeia.com/whitesvictimizedbyblacks.htm Drudgereport: 'Mob' beatings at WI state fair... 'Hundreds of young black people beating white
people'... [ Typical n*****s! Good thing there are food stamps;
otherwise they’d be reverting to their inherent proclivity for canabalism (send
them back to africa … even give them a lump sum for an irrevocable repatriation
incentive … a huge cost-saving beyond the first year with substantial salutary
effects for the nation, the economy, and the remaining civilized non-blacks).
The other major crimes they do anyway. It’s their nature. You’ll never change
the nigger … they evolved only to ‘a point’ and no further. ] Fairgoers 'pulled out of cars'... 'They were just going after white people'... Heightened security... [ I refrained from using the ‘n word’ (or
even blacks / negroes) in referring to the culprits in the following two
incidents (those tender sensibilities) but I’m sure you’ve guessed that they
were niggers and I include same here in light of the foregoing incident (and
yes, the victims were white), which is typical. ‘.. while walking through
Military Park (a sliver of a “park” - more a pedestrian thoroughfare/cement
walks) in newark, new jersey on the way to the bank during lunch hour, I heard
the clearly audible screams/cries of what turned out to be an old lady on the
ground with blood streaming from her mouth. I ran toward the sound of the
cries, the source of which I could not see because there were so many people in
and about this thoroughfare so as to block any vision of the source of the
cries. When I came to the woman, on the ground, blood streaming from her mouth,
I asked what happened, to which she responded she had been hit in the mouth and
knocked to the ground, her purse stolen/put inside her shopping bag, and she
pointed out the criminal casually now walking across the main street. Nobody
stopped to help her, many having passed her by. I slammed the thug to the
ground so hard that, in light of all the blood and confusion (limbic system /
adrenalin flow) I thought I had been stabbed (the blood was from his elbows
hitting the pavement so hard - no one helped / a crowd gathered / an undercover
cop happened along). When I testified at the Grand Jury Proceeding I made sure
his threat on my life was set forth in prima facie fashion so as to maximize
the DA’s position with both felonies ( he went to prison – pled out ). The
other case I wrote about here ( This was included on my website in the
Psychology forum discussion of ‘bystander effect’ / diffusion of
responsibility. ) - Having had occasion to have run down a mugger in newark,
n.j. who apparently had followed a girl from the bank on her way to the bursar
to pay tuition, though in pretty good shape, I was astounded by how totally
exhausting such a pursuit was, how much like rubber my arms were when I traded
punches with the perpetrator, and truth be told, if I had a flashlight on my
belt, I have little doubt that I would have probably used it to subdue the perp
(a police officer here in California was the object of intense criticism for
having used a flashlight to subdue a criminal
/ nigger after a long chase so I included that here) . The girl was not
that seriously injured, did get her pocketbook and tuition back, and the
criminal / nigger went to jail (where they belong). The other thing about such
a pursuit that amazed me was that no one else assisted the girl or me despite
being in a position to do so. I was also mugged by 4 niggers and 2 hispanics in
an incident here in Los Angeles, CA. But, to be fair and balanced, the RICO
litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters / government
slugs). ] Matthew Emanuel Macon (Murdered and
Raped 5 White Women in Lansing) Jimmie Reed (Murdered his
wife and his 2 month old daughter and set them on fire) Shelly Brooks (Murdered 7
prostitutes in Detroit Cass Corridor) Justin Blackshere (Stabbed two
white cooks at Cheli’s Chili downtown Detroit) Jervon Miguel Coleman (Murdered
three people.) Donell Ramon Johnson (Murdered a
mother and a daughter) Brian Ranard Davis (6 women known
murdered by nigger) Paul Durousseau (Seven women) Mark Goudeau “The Baseline
Killer” (Eight women and a man in 2005-2006) Coral Eugene Watts (11 women in
Texas & 1 in Michigan) Anthony McKnight (Five girls
and young women) Derrick Todd Lee (8 Women) Charles Lendelle Carter (4 known
murders; admits to ‘hunting’ Atlantans for 15 years!) The Zebra Killings (71 White
people) Chester Turner (L.A.s most
prolific killer 12 women killed.) Lorenzo J. Gilyard (Kansas City,
MO.—13 victims) Eugene Victor Britt (Gary, IN.–3
known murder/rapes.) Reginald and Jonathan Carr (The Wichita Massacre–6
Whites murdered) Ray Joseph Dandridge and his
uncle, Ricky Gevon Gray (Richmond, VA.–Murdered 7 people in 7
days, including an entire White family.) The Tinley Park Murderer (Suspect
hasn’t been found but has been described as black – murdered 5 women in a
store.) Henry Louis Wallace (Raped and
strangled 5 women to death.) Charles Johnston (Murdered 3
unarmed white men in hospital) Craig Price (Brutally murdered 3 women) Harrison Graham (Brually
Murdered 3 women) Charles Lee “Cookie” Thornton (Murdered 6
Whites at the Kirkwood, MO. city council. ) Darnell Hartsfeld & Romeo
Pinkerton (Abducted and Murdered 5 from a restaurant) Ivan Hill (killed 6 in
Los Angeles area). July 07, 2010 http://articles.cnn.com/2010-07-07/justice/grim.sleeper.arrest_1_lonnie-david-franklin-serial-killer-case-family-members?_s=PM:CRIME | By Mallory
Simon, CNN ‘Authorities in California said Wednesday they have arrested a
suspect in the Grim Sleeper serial killer case and will charge him with 10
counts of murder.Lonnie David Franklin Jr., 57, faces an additional count of
attempted murder, Capt. Kevin McClure with the Los Angeles Police Department
said.Franklin will arraigned in court Thursday morning, McClure said.The
California Attorney General's office attributed the arrest to DNA collected
from a relative of the suspect, in a controversial and rarely used practice
known as familial DNA search.’ Of Course There Are Black
Serial Killers by Lynette Holloway July 15, 2010 The case of the "Grim Sleeper" inspires a
second look at the popular perception that serial killing is the province of
clever white men. Serial Murderers' Row July 16, 2010 The following black men are among the most prolific
serial killers in U.S. history. http://www.theroot.com/multimedia/gallery-meet-6-black-serial-killers Plus: Behind the myth
that only white men commit such crimes . Black Serial Killers Not So Uncommon http://www.amren.com/news/news04/03/03/blackserial.html 200 Involved In Fights At Mall Of America After
Rumors That Rappers Are There...
Miami Heat Players Don Hoodies... 'Dead or Alive' Poster Issued by New Black Panther
Party...
Zimmerman (and this is no endorsement – I won’t be looking at this one
incident all that closely) was at least trying to do a good thing made
necessary by the ever increasing number of brutal crimes committed by the black
thugs in neighborhoods across the nation; then there’s somalian pirates, etc..
People domestically and internationally are suffering from nigger-fatigue and
are totally niggered out. Oh, yeah, there are some Hollywood types who feel
good about themselves having niggers around and helping niggers to help them
feel better than they really are, insecure as they are, by being better than at
least someone beyond fantasy. Loony george clooney is one. Dreadfully boring
and with that monotone, monotonous voice and not that bright, he’s not even
able to fake it on screen as an action hero (ie., batman, what a horrific
miscast) wimpy pussy in reality that he is; then there’s the ‘black (sean)
penn’ who cried like a baby while incarcerated for a couple of days not that
long ago. The atheist jolie, so fatherly troubled as she is, has let the
equally mentally troubled pitt (she so nutty she makes him feel somewhat sane
though still not too bright) and pendulum ‘backwoods bob’ be the closest she’s
gotten to her black projects. Let them live anonomously (in disguise) with the
niggers for some time for a real close look and then see what’s left of their
predisposed love for the nigger. Then there’s the italian scallion, booby
deniro; drug addled as his black wife high-tower, what a total embarrassment to
Italians everywhere; even as he tried to ingratiate himself recently with
niggers everywhere and particularly national embarrassment mammy michele with
the embarrassing pro-nigger first lady remark.. [ Send the niggers back to sub-saharan Africa! ]'BLACK NIGGERS [ NOT WHITES BY NIGGERS THE
IMPLICATION DESPITE FACTUAL DATA TO THE CONTRARY ] ARE UNDER ATTACK [ SAYS NIGGER SHAKEDOWN ARTIST JACKSON] ' Obama: ‘If I
had a son, he’d look like Trayvon.’ Farrakhan Threatens 'Retaliation'… [ Retaliation? Can
you imagine the number of blacks that would have to be retaliated against based
upon the hushed reality of the prevalence of black on white crime? The blacks
should be careful what they wish for in playing that game because the facts
don’t break in their favor. ] ...
People have become weary of making up excuses for blacks (like obama,
holder, etc.). At some point, as now, people should not be timid about relating
the cold, unvarnished truth statistically / factually about blacks and,
ie., black on white violent crime,
etc..
From Pat Buchanan: As for racism, its ugliest manifestation
is in interracial crime, and especially interracial crimes of violence. Is
Barack Obama aware that while white criminals choose black victims 3 percent of
the time, black criminals choose white victims 45 percent of the time? Is
Barack aware that black-on-white rapes are 100 times more common than the
reverse, that black-on-white robberies were 139 times as common in the first
three years of this decade as the reverse? We have all heard ad nauseam from
the Rev. Al about Tawana Brawley, the Duke rape case and Jena. And all turned
out to be hoaxes. But about the epidemic of black assaults on whites that are
real, we hear nothing.
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
The reality is that blacks are an
insoluble problem wherever they are. That’s not going to ever change; not
make-shift/make-work jobs; not programs; not anything tried or to be tried;
hence, they must be treated as exactly that – problems – before a solution can
be derived and fashioned. ] [ Send the niggers, including niggerbama back to
sub-saharan africa! ]
4-16-12 ROMNEY TO OBAMA: 'START PACKING' Obama: 'GOOGLE, FACEBOOK Would Not Exist' Without
Government... GOOGLE FOUNDER: WEB FREEDOM UNDER THREAT... 'Very powerful forces have lined up
around world'... FCC drops GOOGLE 'Street View' investigation...
PHOTOS: Embattled GSA Official Enjoys Wine and Soak
in Spa Tub During 'Pre-Conference' Meeting...
Pleads the Fifth... Dodges reporters after hearing...
Report: Democrat-controlled Senate laziest in 20
years... 'Buffett' battle heads to Senate floor; bill won't
dent deficit...
GOOGLE FOUNDER: WEB FREEDOM UNDER THREAT... 'Very powerful forces have lined up
around world'...
Hillary Clinton Dances Night Away in Colombia... Beers and cheers! Obama: I'm Here 'To Scout Out' My Next Vacation With
Michelle... Consensus elusive at summit... Latin America rebels over Cuba...
Hollywood publicist who claimed to be undercover CIA
operative -- chokes to death on a deli meat sample...
UK lord suspended over 'bounty' for Obama and Bush... The British peer reportedly said: "'If the US can announce a reward
of $10 million for the (capture) of Hafiz Saeed, I can announce a bounty of Ł10
million (for the capture of) President Obama and his predecessor, George
Bush." [ Sounds fair to me! ]
OBAMA DOESN'T QUALIFY FOR OWN 'BUFFETT RULE'... PRESIDENT PAID LOWER RATE THAN SECRETARY? Kids get $48,000 -- tax free! BIDENS DONATE LESS THAN 1.5% OF INCOME TO CHARITY... Biden Earned $21,000 Last Year From the Secret
Service... No, he’s not moonlighting as an agent.Vice President Joe
Biden last year earned $20,900 in rental income from the Secret Service, which
is paying him to host agents on his property so they can protect him.Most
high-profile people in need of protection pay people to keep them safe.
Government officials are allowed to have taxpayers pick up the tab. Biden is
unique in that he actually gets paid by his bodyguards for the right to protect
him.Biden’s tax records list rental
income of $20,900 from a “cottage” on is property, which is reportedly being leased by the
Secret Service and paid for at a rate that could earn him even
more money next year.Biden took deductions for mortgage interest and taxes that
allowed him to report only $12,653 of the amount on his federal tax return.Of
course, the Bidens badly need the money. They only had an adjusted gross income
of $379,035 last year. This probably also explains why they gave less than 1.5
percent of their income to charity.Among the $5,540 in charitable donations
were $1,000 to the UN World Food Program; $1,080 to the Northern Virginia
Community College Alumni Scholarship Fund; $1,000 to the Diocese of Wilmington;
Delaware; $360 to a breast health initiative launched by Dr. Jill Biden; and
$50 to the Wounded Warrior Project.
POLL: Sarkozy's comeback hopes crumble...
4-13-12 POLL: ROMNEY TOPS OBAMA... ROMNEY WARNS: OBAMA COMING FOR GUNS
WHAT HAPPENS IN VEGAS, STAYS IN
VEGAS: GSA OFFICIAL TO THE FIFTH... POLL: Sarkozy's comeback hopes crumble...
Stocks See Worst Week Of Year.. Mexico Stocks Plunge After 'Wrong Order'...
OBAMA DOESN'T QUALIFY FOR OWN 'BUFFETT RULE'… [ Hmmm!
Now we know why the million dollar threshold this year, not last when wobama
earned $1.7 million ] ... PRESIDENT PAID LOWER RATE THAN SECRETARY? Kids get $48,000 -- tax free! CAMPAIGN WANTS ROMNEY TAXES -- BACK TO 1970s! BIDENS DONATE LESS THAN 1.5% OF INCOME TO CHARITY...
FEDS FORCE MEDIA TO USE GOV'T COMPUTERS...
4-12-12 POLL: ROMNEY TOPS OBAMA... Obama Hammered for 'Jetting Around,' Taking Vacations
While Americans Suffer... New Romney Bumper Sticker: Moms Drive The Economy... GODFATHER blames Daley for rampant crime... Homicides in Chicago soar; 120 dead in 2012, 500
wounded... Mother and child, 1, shot while sleeping... Woman shot in face while driving... Dershowitz: Zimmerman Arrest Affidavit 'Irresponsible
And Unethical'... “Most affidavits of probable cause are
very thin. This is so thin that it won’t make it past a judge on a second
degree murder charge,” Dershowitz said. “There’s simply nothing in there that
would justify second degree murder.” Judge Blocks Execution of Cat Ordered by Deceased
Owner's Will... Broken promises come back to haunt Sarkozy... Disillusioned French voters focus on
core economic issues... 'SHE HAS NEVER WORKED A DAY IN HER LIFE'
HOLDER PRAISES FELLOW APE SHARPTON, ONE INCOMPETENT
NIGGER TO ANOTHER ...
'SECOND DEGREE MURDER'... 'We do not prosecute by public pressure or by
petition'[B***S***!]... Tyson on
Zimmerman: 'It's a disgrace that man hasn't been shot yet' [ Spoken like
the true ape, dumb nigger he is! If he had been an extra in ‘Planet of the
Apes’, they could have saved money on make-up / costumes. The reality is, if
that were the criterion and rule, given the overwhelming prevalence of black
violence, particularly black on white violence, there’d be a lot of dead
niggers. Niggers are a scourge wherever they are; a black plague, if you will.
The reality is that in this nation, having been overrun by niggers, americans
have become the new age dinosaurs. As for tyson, the ugly little monkey that no
one wanted, now full-grown angry ape, his IQ is well below the average 100. Ape
tyson is just a disgrace, period. He’s a typical ignorant, violent ape/nigger.
Life with ape tyson, also a convicted rapist, was described by his then (soon
to be former) wife, Robin Givens, in a live televised interview with him
present (you can only imagine the unsaid) as ‘hell’. He’s mentally deranged
(too many head shots?), but he does profess typical nigger sentiment. ( Mike Tyson vs. Robin Givens : … biggest fight | Ebony ...
Eight months after Mike Tyson and Robin Givens
were married on Feb. ... beatings -- she filed for divorce)
Panthers Call For Violent
Revolution, Race War, Bloodshed Against ‘Honkies’ (Video) Some typical comments: Reply:Dandroid Reply: Startover Reply: Eduard Reply: Heroin dealer uses welfare EBT card to post bail [
Yes, he’s a nigger; with unreported cash drug income that gives him welfare as
well! ] ... New Black Panther Party chief of staff apologizes
after radio outburst... 'The things that's about to happen,
to these honkeys, these crackers, these pigs'... Black residents fearful after shootings in Tulsa… [
Now they know how the ‘white folk’ feel, everywhere, every day, and the black
on white violent crime stats overwhelmingly prove the reality and legitimacy of
that concern! Civilized people everywhere are tired of the typical nigger
b***s***! ]... RACE WARS: ZIMMERMAN BREAKS SILENCE... Family challenges Holder on New Black Panthers... Hacked roadsign reads: 'Trayvon a n*****'... CNN says 'f****** n*****' on air... Anchor: 'N*****' Should Replace 'N-word' in News
Reports...
Government Surveillance Crackdown On Internet Goes
Into Overdrive... Congressman fears Obama power grab in 'emergency'... Fidel Castro mocks Obama over 'guayabera'
diplomacy...
Rev. Wright Unleashed: 'White Supremacy' Drives
'World Policy'... Clarence Thomas Worshipping 'Some
Other God'...
REPORT: 'Stunning lack of diversity' in Obama's re-election campaign [
I’d say this is more embarrassing for the self-destructive whites who are for
obama; after all, who would be foolish enough to hire the typically
uncivilized, problematic, violence / crime prone, etc., blacks? ] ... to be fair and
balanced, the RICO litigation involves those uncivilized who consider
themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). } $1 million pizza party in Detroit -- on sterling silver plates! WHouse basketballs emblazoned with Obama's image... HOODIE ON THE HILL... VIDEO: Dem Rep Kicked Off House Floor... [ Typical noisy
nigger in the house of bad black reps. Female members, keep your purses close
when ‘bobby bobby r’ is near; the temptation might prove to be too much for his
inner rap nigger soul man. ] Ex-Black Panther... Another Says Trayvon 'Hunted
Down Like Dog' [Well, if the shoe fits
… but, actually, niggers are more like apes, monkeys that only evolved to a
point… and some dog-lovers might be offended by comparing niggers to dogs. ]... Pentagon unaware of 'secret
deal' between Obama, Kremlin ... http://albertpeia.com/bobobamathetraitor.htm ]
Black Panthers offer $10,000 bounty for 'capture' of
Trayvon Martin's killer … [ who do these filthy niggers think they are? ] Take
a look at this nigger who kills a white man during robbery, without any
provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm Shooter of Florida teen not a racist, lawyer says... SECRET WITNESS: Self-defense... Witness: Martin
attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDT Trayvon
Martin shooter: Teen went for my gun Hoodie-Wearing niggers Kill 1, Wound 5 in Congressman's
District... http://albertpeia.com/niggersinniggertown.htm [ 13 shot,
2 dead in Chicago in six hours Thursday night ]'There were young men scattered everywhere'... http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm , http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black Student Becomes Enraged In Evolution
Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]
Buchanan: It's all about race now... NAACP condemns nigger apeman
sharpton's call for escalation in civil disobedience... Talkradio host calls for arrest and removal from
MSNBC... Detroit Preacher: 'Isn't The Mood In This Nation That
White People Are Better Than Black? [ That’s not the mood, that’s reality; the
plain, raw, unvarnished truth! And, not just whites; viz., Asians, Hispanics,
real American Indians, etc., and most
feral beasts except dogs are better than blacks who are at best their equals,
though some dog owners/lovers may dispute that. Niggers are a scourge on
civilized society wherever they are. Just look around, worldwide, wherever they
are, in concentrations particularly; it’s the same nigger story. That’s the way
they are. That’s what they are. They are a blight on any neighborhood. They are
a blight on any society and an insurmountable burden. They bring any society
down. Some will argue, how ‘bout sports?, to which one may reply, ie., just
because you go to horse races, doesn’t mean you want to live with horses, or,
just because you have monkeys in zoos doesn’t mean you want to live with them,
etc., much less cede control and affect over society to them. ] '
The teen was
suspended from school three times
He was on
suspension when he was shot in February, after officials caught him with a
'marijuana pipe' and a baggie with drug residue
Trayvon was
kicked out of school in October for graffiti after he was allegedly caught with
a 'burglary tool' and a bag full of women's jewelry
Officials also
suspended him once for skipping school and tardiness
Trayvon Martin
was suspended from school three times in the months before he was shot dead by
a neighborhood watchman, it emerged today.
The facts,
revealed in a leaked report, paint a different picture of a teenager who
frequently found himself in trouble with authorities.
It was also
revealed that he might have attacked a bus driver, according to a Twitter
account that it is claimed belonged to the teen.
The Miami Herald claims that in October, he was caught
with a 'burglary tool' - a flathead screwdriver - and 12 pieces of women's jewellery.
Martin insisted that they did not belong to him.
POLICE: Black teenagers light 13-year-old on fire;
'You get what you deserve, white boy'... Typical n*****s! Come on! People are tired of making making up excuses for
the blacks. It’s always the same story with them, no matter where. http://www.albertpeia.com/whitesvictimizedbyblacks.htm
'SHE HAS NEVER WORKED A DAY IN HER LIFE'
HOLDER PRAISES FELLOW APE SHARPTON, ONE INCOMPETENT
NIGGER TO ANOTHER ...
'SECOND DEGREE MURDER'... 'We do not prosecute by public pressure or by
petition'[B***S***!]... Tyson on
Zimmerman: 'It's a disgrace that man hasn't been shot yet' [ Spoken like
the true ape, dumb nigger he is! If he had been an extra in ‘Planet of the
Apes’, they could have saved money on make-up / costumes. The reality is, if
that were the criterion and rule, given the overwhelming prevalence of black
violence, particularly black on white violence, there’d be a lot of dead
niggers. Niggers are a scourge wherever they are; a black plague, if you will.
The reality is that in this nation, having been overrun by niggers, americans
have become the new age dinosaurs. As for tyson, the ugly little monkey that no
one wanted, now full-grown angry ape, his IQ is well below the average 100. Ape
tyson is just a disgrace, period. He’s a typical ignorant, violent ape/nigger.
Life with ape tyson, also a convicted rapist, was described by his then (soon
to be former) wife, Robin Givens, in a live televised interview with him
present (you can only imagine the unsaid) as ‘hell’. He’s mentally deranged
(too many head shots?), but he does profess typical nigger sentiment. ( Mike Tyson vs. Robin Givens : … biggest fight | Ebony ...
Eight months after Mike Tyson and Robin Givens
were married on Feb. ... beatings -- she filed for divorce)
Panthers Call For Violent
Revolution, Race War, Bloodshed Against ‘Honkies’ (Video) Some typical comments: Reply:Dandroid Reply: Startover Reply: Eduard Reply: Heroin dealer uses welfare EBT card to post bail [
Yes, he’s a nigger; with unreported cash drug income that gives him welfare as
well! ] ... New Black Panther Party chief of staff apologizes
after radio outburst... 'The things that's about to happen,
to these honkeys, these crackers, these pigs'... Black residents fearful after shootings in Tulsa… [
Now they know how the ‘white folk’ feel, everywhere, every day, and the black
on white violent crime stats overwhelmingly prove the reality and legitimacy of
that concern! Civilized people everywhere are tired of the typical nigger
b***s***! ]... RACE WARS: ZIMMERMAN BREAKS SILENCE... Family challenges Holder on New Black Panthers... Hacked roadsign reads: 'Trayvon a n*****'... CNN says 'f****** n*****' on air... Anchor: 'N*****' Should Replace 'N-word' in News
Reports...
Government Surveillance Crackdown On Internet Goes
Into Overdrive... Congressman fears Obama power grab in 'emergency'... Fidel Castro mocks Obama over 'guayabera'
diplomacy...
Rev. Wright Unleashed: 'White Supremacy' Drives
'World Policy'... Clarence Thomas Worshipping 'Some
Other God'...
REPORT: 'Stunning lack of diversity' in Obama's re-election campaign [
I’d say this is more embarrassing for the self-destructive whites who are for
obama; after all, who would be foolish enough to hire the typically
uncivilized, problematic, violence / crime prone, etc., blacks? ] ... to be fair and
balanced, the RICO litigation involves those uncivilized who consider
themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). } $1 million pizza party in Detroit -- on sterling silver plates! WHouse basketballs emblazoned with Obama's image... HOODIE ON THE HILL... VIDEO: Dem Rep Kicked Off House Floor... [ Typical noisy
nigger in the house of bad black reps. Female members, keep your purses close
when ‘bobby bobby r’ is near; the temptation might prove to be too much for his
inner rap nigger soul man. ] Ex-Black Panther... Another Says Trayvon 'Hunted
Down Like Dog' [Well, if the shoe fits
… but, actually, niggers are more like apes, monkeys that only evolved to a
point… and some dog-lovers might be offended by comparing niggers to dogs. ]... Pentagon unaware of 'secret
deal' between Obama, Kremlin ... http://albertpeia.com/bobobamathetraitor.htm ]
Black Panthers offer $10,000 bounty for 'capture' of
Trayvon Martin's killer … [ who do these filthy niggers think they are? ] Take
a look at this nigger who kills a white man during robbery, without any
provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm Shooter of Florida teen not a racist, lawyer says... SECRET WITNESS: Self-defense... Witness: Martin
attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDT Trayvon
Martin shooter: Teen went for my gun Hoodie-Wearing niggers Kill 1, Wound 5 in
Congressman's District... http://albertpeia.com/niggersinniggertown.htm [ 13 shot,
2 dead in Chicago in six hours Thursday night ]'There were young men scattered everywhere'... http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm , http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black Student Becomes Enraged In Evolution
Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]
Buchanan: It's all about race now... NAACP condemns nigger apeman
sharpton's call for escalation in civil disobedience... Talkradio host calls for arrest and removal from
MSNBC... Detroit Preacher: 'Isn't The Mood In This Nation That
White People Are Better Than Black? [ That’s not the mood, that’s reality; the
plain, raw, unvarnished truth! And, not just whites; viz., Asians, Hispanics,
real American Indians, etc., and most
feral beasts except dogs are better than blacks who are at best their equals,
though some dog owners/lovers may dispute that. Niggers are a scourge on
civilized society wherever they are. Just look around, worldwide, wherever they
are, in concentrations particularly; it’s the same nigger story. That’s the way
they are. That’s what they are. They are a blight on any neighborhood. They are
a blight on any society and an insurmountable burden. They bring any society
down. Some will argue, how ‘bout sports?, to which one may reply, ie., just
because you go to horse races, doesn’t mean you want to live with horses, or,
just because you have monkeys in zoos doesn’t mean you want to live with them,
etc., much less cede control and affect over society to them. ] '
The teen was
suspended from school three times
He was on
suspension when he was shot in February, after officials caught him with a
'marijuana pipe' and a baggie with drug residue
Trayvon was
kicked out of school in October for graffiti after he was allegedly caught with
a 'burglary tool' and a bag full of women's jewelry
Officials also
suspended him once for skipping school and tardiness
Trayvon Martin
was suspended from school three times in the months before he was shot dead by
a neighborhood watchman, it emerged today.
The facts,
revealed in a leaked report, paint a different picture of a teenager who
frequently found himself in trouble with authorities.
It was also
revealed that he might have attacked a bus driver, according to a Twitter
account that it is claimed belonged to the teen.
The Miami Herald claims that in October, he was caught
with a 'burglary tool' - a flathead screwdriver - and 12 pieces of women's
jewellery. Martin insisted that they did not belong to him.
POLICE: Black teenagers light 13-year-old on fire;
'You get what you deserve, white boy'... Typical n*****s! Come on! People are tired of making making up excuses for
the blacks. It’s always the same story with them, no matter where. http://www.albertpeia.com/whitesvictimizedbyblacks.htm Islamists
kill dozens in Nigeria Christmas bombs For ‘self-defeating / self-destructive’ ‘political correctness’ or
otherwise, I believe the under-profiled black serial killer is also the
consequence of their proclivity for and love of killing, random, wanton
savagery for no reason other than for the sake of killing (as, ie., rabid dogs,
which distinguishes them from and positions them below other feral beasts) and
otherwise, and an historic predisposition toward canabalism. After all, the
contra-indicated mainstream ‘politically correct’ view (tv and otherwise) calls
for a white perp in terms of ‘profile’ which is of course, ridiculous. I
believe the under-reporting is owing to multiple killings by blacks being
classified as something other than ‘serial’; ie., gang, gang related,
‘typical’, etc.. Moreover, the anti-white bias of the black perps is also a
reality that’s under-reported. Take a look at the following brutally
uncivilized black on white violent rapes/murders: http://www.albertpeia.com/whitesvictimizedbyblacks.htm Drudgereport: 'Mob' beatings at WI state fair... 'Hundreds of young black people beating white
people'... [ Typical n*****s! Good thing there are food stamps;
otherwise they’d be reverting to their inherent proclivity for canabalism (send
them back to africa … even give them a lump sum for an irrevocable repatriation
incentive … a huge cost-saving beyond the first year with substantial salutary
effects for the nation, the economy, and the remaining civilized non-blacks).
The other major crimes they do anyway. It’s their nature. You’ll never change
the nigger … they evolved only to ‘a point’ and no further. ] Fairgoers 'pulled out of cars'... 'They were just going after white people'... Heightened security... [ I refrained from using the ‘n word’ (or
even blacks / negroes) in referring to the culprits in the following two
incidents (those tender sensibilities) but I’m sure you’ve guessed that they
were niggers and I include same here in light of the foregoing incident (and
yes, the victims were white), which is typical. ‘.. while walking through
Military Park (a sliver of a “park” - more a pedestrian thoroughfare/cement
walks) in newark, new jersey on the way to the bank during lunch hour, I heard
the clearly audible screams/cries of what turned out to be an old lady on the
ground with blood streaming from her mouth. I ran toward the sound of the
cries, the source of which I could not see because there were so many people in
and about this thoroughfare so as to block any vision of the source of the
cries. When I came to the woman, on the ground, blood streaming from her mouth,
I asked what happened, to which she responded she had been hit in the mouth and
knocked to the ground, her purse stolen/put inside her shopping bag, and she
pointed out the criminal casually now walking across the main street. Nobody
stopped to help her, many having passed her by. I slammed the thug to the
ground so hard that, in light of all the blood and confusion (limbic system /
adrenalin flow) I thought I had been stabbed (the blood was from his elbows
hitting the pavement so hard - no one helped / a crowd gathered / an undercover
cop happened along). When I testified at the Grand Jury Proceeding I made sure
his threat on my life was set forth in prima facie fashion so as to maximize
the DA’s position with both felonies ( he went to prison – pled out ). The
other case I wrote about here ( This was included on my website in the
Psychology forum discussion of ‘bystander effect’ / diffusion of
responsibility. ) - Having had occasion to have run down a mugger in newark,
n.j. who apparently had followed a girl from the bank on her way to the bursar
to pay tuition, though in pretty good shape, I was astounded by how totally
exhausting such a pursuit was, how much like rubber my arms were when I traded
punches with the perpetrator, and truth be told, if I had a flashlight on my
belt, I have little doubt that I would have probably used it to subdue the perp
(a police officer here in California was the object of intense criticism for
having used a flashlight to subdue a criminal
/ nigger after a long chase so I included that here) . The girl was not
that seriously injured, did get her pocketbook and tuition back, and the
criminal / nigger went to jail (where they belong). The other thing about such
a pursuit that amazed me was that no one else assisted the girl or me despite
being in a position to do so. I was also mugged by 4 niggers and 2 hispanics in
an incident here in Los Angeles, CA. But, to be fair and balanced, the RICO
litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). ] Matthew Emanuel Macon (Murdered and
Raped 5 White Women in Lansing) Jimmie Reed (Murdered his
wife and his 2 month old daughter and set them on fire) Shelly Brooks (Murdered 7
prostitutes in Detroit Cass Corridor) Justin Blackshere (Stabbed two
white cooks at Cheli’s Chili downtown Detroit) Jervon Miguel Coleman (Murdered
three people.) Donell Ramon Johnson (Murdered a
mother and a daughter) Brian Ranard Davis (6 women known
murdered by nigger) Paul Durousseau (Seven women) Mark Goudeau “The Baseline
Killer” (Eight women and a man in 2005-2006) Coral Eugene Watts (11 women in
Texas & 1 in Michigan) Anthony McKnight (Five girls
and young women) Derrick Todd Lee (8 Women) Charles Lendelle Carter (4 known
murders; admits to ‘hunting’ Atlantans for 15 years!) The Zebra Killings (71 White
people) Chester Turner (L.A.s most
prolific killer 12 women killed.) Lorenzo J. Gilyard (Kansas City,
MO.—13 victims) Eugene Victor Britt (Gary, IN.–3
known murder/rapes.) Reginald and Jonathan Carr (The Wichita
Massacre–6 Whites murdered) Ray Joseph Dandridge and his
uncle, Ricky Gevon Gray (Richmond, VA.–Murdered 7 people in 7
days, including an entire White family.) The Tinley Park Murderer (Suspect
hasn’t been found but has been described as black – murdered 5 women in a
store.) Henry Louis Wallace (Raped and
strangled 5 women to death.) Charles Johnston (Murdered 3
unarmed white men in hospital) Craig Price (Brutally murdered 3 women) Harrison Graham (Brually
Murdered 3 women) Charles Lee “Cookie” Thornton (Murdered 6
Whites at the Kirkwood, MO. city council. ) Darnell Hartsfeld & Romeo
Pinkerton (Abducted and Murdered 5 from a restaurant) Ivan Hill (killed 6 in
Los Angeles area). July 07, 2010 http://articles.cnn.com/2010-07-07/justice/grim.sleeper.arrest_1_lonnie-david-franklin-serial-killer-case-family-members?_s=PM:CRIME | By Mallory
Simon, CNN ‘Authorities in California said Wednesday they have arrested a
suspect in the Grim Sleeper serial killer case and will charge him with 10
counts of murder.Lonnie David Franklin Jr., 57, faces an additional count of
attempted murder, Capt. Kevin McClure with the Los Angeles Police Department
said.Franklin will arraigned in court Thursday morning, McClure said.The
California Attorney General's office attributed the arrest to DNA collected
from a relative of the suspect, in a controversial and rarely used practice
known as familial DNA search.’ Of Course There Are Black
Serial Killers by Lynette Holloway July 15, 2010 The case of the "Grim Sleeper" inspires a
second look at the popular perception that serial killing is the province of
clever white men. Serial Murderers' Row July 16, 2010 The following black men are among the most prolific
serial killers in U.S. history. http://www.theroot.com/multimedia/gallery-meet-6-black-serial-killers Plus: Behind the myth
that only white men commit such crimes . Black Serial Killers Not So Uncommon http://www.amren.com/news/news04/03/03/blackserial.html 200 Involved In Fights At Mall Of America After
Rumors That Rappers Are There...
Miami Heat Players Don Hoodies... 'Dead or Alive' Poster Issued by New Black Panther
Party...
Zimmerman (and this is no endorsement – I won’t be looking at this one
incident all that closely) was at least trying to do a good thing made
necessary by the ever increasing number of brutal crimes committed by the black
thugs in neighborhoods across the nation; then there’s somalian pirates, etc..
People domestically and internationally are suffering from nigger-fatigue and
are totally niggered out. Oh, yeah, there are some Hollywood types who feel
good about themselves having niggers around and helping niggers to help them
feel better than they really are, insecure as they are, by being better than at
least someone beyond fantasy. Loony george clooney is one. Dreadfully boring
and with that monotone, monotonous voice and not that bright, he’s not even
able to fake it on screen as an action hero (ie., batman, what a horrific
miscast) wimpy pussy in reality that he is; then there’s the ‘black (sean)
penn’ who cried like a baby while incarcerated for a couple of days not that
long ago. The atheist jolie, so fatherly troubled as she is, has let the
equally mentally troubled pitt (she so nutty she makes him feel somewhat sane
though still not too bright) and pendulum ‘backwoods bob’ be the closest she’s
gotten to her black projects. Let them live anonomously (in disguise) with the
niggers for some time for a real close look and then see what’s left of their
predisposed love for the nigger. Then there’s the italian scallion, booby
deniro; drug addled as his black wife high-tower, what a total embarrassment to
Italians everywhere; even as he tried to ingratiate himself recently with
niggers everywhere and particularly national embarrassment mammy michele with
the embarrassing pro-nigger first lady remark.. [ Send the niggers back to sub-saharan Africa! ]'BLACK NIGGERS [ NOT WHITES BY NIGGERS THE
IMPLICATION DESPITE FACTUAL DATA TO THE CONTRARY ] ARE UNDER ATTACK [ SAYS NIGGER SHAKEDOWN ARTIST JACKSON] ' Obama: ‘If I
had a son, he’d look like Trayvon.’ Farrakhan Threatens 'Retaliation'… [ Retaliation? Can
you imagine the number of blacks that would have to be retaliated against based
upon the hushed reality of the prevalence of black on white crime? The blacks
should be careful what they wish for in playing that game because the facts
don’t break in their favor. ] ...
People have become weary of making up excuses for blacks (like obama,
holder, etc.). At some point, as now, people should not be timid about relating
the cold, unvarnished truth statistically / factually about blacks and,
ie., black on white violent crime,
etc..
From Pat Buchanan: As for racism, its ugliest manifestation
is in interracial crime, and especially interracial crimes of violence. Is
Barack Obama aware that while white criminals choose black victims 3 percent of
the time, black criminals choose white victims 45 percent of the time? Is
Barack aware that black-on-white rapes are 100 times more common than the
reverse, that black-on-white robberies were 139 times as common in the first
three years of this decade as the reverse? We have all heard ad nauseam from
the Rev. Al about Tawana Brawley, the Duke rape case and Jena. And all turned
out to be hoaxes. But about the epidemic of black assaults on whites that are
real, we hear nothing.
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
The reality is that blacks are an
insoluble problem wherever they are. That’s not going to ever change; not
make-shift/make-work jobs; not programs; not anything tried or to be tried;
hence, they must be treated as exactly that – problems – before a solution can
be derived and fashioned. ] [ Send the niggers, including niggerbama back to
sub-saharan africa! ]
4-10-12 WALL ST GHOST TOWN: TRADING HITS 4-YEAR LOW [Actually the low trading
volume’s a positive in that those churn-and-earn computerized programmed trades
at lightning speed are a big net negative in real economic terms. ]... STOCKS CONTINUE DROP... Log Worst Day of Year... Wave of Selling Rocks Euro Markets... SONY Revises Expected Loss to $6.4 Billion!
SHOCK PHOTOS: Obama, Thin And Wasting Away... LOSING HIS COOL! An American soldier killed in Afghanistan every day
in April... Iran captured Israel-backed 'terrorist team'... RACE WARS: Baltimore's top cop says videotaped beating of white
tourist hate crime... New Video Surfaces...
Zimmerman attorneys: 'We've lost contact with him'...
Family of Trayvon worried he won't be found... Special prosecutor to release new info 'within next
72 hours'... Strip-Search Case Reflects Death of American
Privacy...
4-9-12 Gas Prices Grow More Under Obama than Carter...
$7 Gas Hits CA's Catalina Island...
Black residents fearful after shootings in Tulsa… [
Now they know how the ‘white folk’ feel, everywhere, every day, and the black
on white violent crime stats overwhelmingly prove the reality and legitimacy of
that concern! Civilized people everywhere are tired of the typical nigger
b***s***! ]... RACE WARS: ZIMMERMAN BREAKS SILENCE... Family challenges Holder on New Black Panthers... Hacked roadsign reads: 'Trayvon a n*****'... CNN says 'f****** n*****' on air... Anchor: 'N*****' Should Replace 'N-word' in News
Reports...
Government Surveillance Crackdown On Internet Goes
Into Overdrive... Congressman fears Obama power grab in 'emergency'... Fidel Castro mocks Obama over 'guayabera'
diplomacy...
Rev. Wright Unleashed: 'White Supremacy' Drives
'World Policy'... Clarence Thomas Worshipping 'Some
Other God'...
REPORT: 'Stunning lack of diversity' in Obama's re-election campaign [
I’d say this is more embarrassing for the self-destructive whites who are for
obama; after all, who would be foolish enough to hire the typically
uncivilized, problematic, violence / crime prone, etc., blacks? ] ... to be fair and
balanced, the RICO litigation involves those uncivilized who consider
themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). } $1 million pizza party in Detroit -- on sterling silver plates! WHouse basketballs emblazoned with Obama's image... HOODIE ON THE HILL... VIDEO: Dem Rep Kicked Off House Floor... [ Typical noisy
nigger in the house of bad black reps. Female members, keep your purses close
when ‘bobby bobby r’ is near; the temptation might prove to be too much for his
inner rap nigger soul man. ] Ex-Black Panther... Another Says Trayvon 'Hunted
Down Like Dog' [Well, if the shoe fits
… but, actually, niggers are more like apes, monkeys that only evolved to a
point… and some dog-lovers might be offended by comparing niggers to dogs. ]... Pentagon unaware of 'secret
deal' between Obama, Kremlin ... http://albertpeia.com/bobobamathetraitor.htm ]
Black Panthers offer $10,000 bounty for 'capture' of
Trayvon Martin's killer … [ who do these filthy niggers think they are? ] Take
a look at this nigger who kills a white man during robbery, without any
provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm Shooter of Florida teen not a racist, lawyer says... SECRET WITNESS: Self-defense... Witness: Martin
attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDT Trayvon
Martin shooter: Teen went for my gun Hoodie-Wearing niggers Kill 1, Wound 5 in
Congressman's District... http://albertpeia.com/niggersinniggertown.htm [ 13 shot,
2 dead in Chicago in six hours Thursday night ]'There were young men scattered everywhere'... http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm , http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black Student Becomes Enraged In Evolution
Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]
Buchanan: It's all about race now... NAACP condemns nigger apeman
sharpton's call for escalation in civil disobedience... Talkradio host calls for arrest and removal from
MSNBC... Detroit Preacher: 'Isn't The Mood In This Nation That
White People Are Better Than Black? [ That’s not the mood, that’s reality; the
plain, raw, unvarnished truth! And, not just whites; viz., Asians, Hispanics,
real American Indians, etc., and most
feral beasts except dogs are better than blacks who are at best their equals,
though some dog owners/lovers may dispute that. Niggers are a scourge on
civilized society wherever they are. Just look around, worldwide, wherever they
are, in concentrations particularly; it’s the same nigger story. That’s the way
they are. That’s what they are. They are a blight on any neighborhood. They are
a blight on any society and an insurmountable burden. They bring any society
down. Some will argue, how ‘bout sports?, to which one may reply, ie., just
because you go to horse races, doesn’t mean you want to live with horses, or,
just because you have monkeys in zoos doesn’t mean you want to live with them,
etc., much less cede control and affect over society to them. ] '
The teen was
suspended from school three times
He was on
suspension when he was shot in February, after officials caught him with a
'marijuana pipe' and a baggie with drug residue
Trayvon was
kicked out of school in October for graffiti after he was allegedly caught with
a 'burglary tool' and a bag full of women's jewelry
Officials also
suspended him once for skipping school and tardiness
Trayvon Martin
was suspended from school three times in the months before he was shot dead by
a neighborhood watchman, it emerged today.
The facts,
revealed in a leaked report, paint a different picture of a teenager who
frequently found himself in trouble with authorities.
It was also
revealed that he might have attacked a bus driver, according to a Twitter
account that it is claimed belonged to the teen.
The Miami Herald claims that in October, he was caught
with a 'burglary tool' - a flathead screwdriver - and 12 pieces of women's
jewellery. Martin insisted that they did not belong to him.
POLICE: Black teenagers light 13-year-old on fire;
'You get what you deserve, white boy'... Typical n*****s! Come on! People are tired of making making up excuses for
the blacks. It’s always the same story with them, no matter where. http://www.albertpeia.com/whitesvictimizedbyblacks.htm Islamists
kill dozens in Nigeria Christmas bombs For ‘self-defeating / self-destructive’ ‘political correctness’ or
otherwise, I believe the under-profiled black serial killer is also the
consequence of their proclivity for and love of killing, random, wanton
savagery for no reason other than for the sake of killing (as, ie., rabid dogs,
which distinguishes them from and positions them below other feral beasts) and
otherwise, and an historic predisposition toward canabalism. After all, the
contra-indicated mainstream ‘politically correct’ view (tv and otherwise) calls
for a white perp in terms of ‘profile’ which is of course, ridiculous. I
believe the under-reporting is owing to multiple killings by blacks being
classified as something other than ‘serial’; ie., gang, gang related,
‘typical’, etc.. Moreover, the anti-white bias of the black perps is also a
reality that’s under-reported. Take a look at the following brutally
uncivilized black on white violent rapes/murders: http://www.albertpeia.com/whitesvictimizedbyblacks.htm Drudgereport: 'Mob' beatings at WI state fair... 'Hundreds of young black people beating white
people'... [ Typical n*****s! Good thing there are food stamps;
otherwise they’d be reverting to their inherent proclivity for canabalism (send
them back to africa … even give them a lump sum for an irrevocable repatriation
incentive … a huge cost-saving beyond the first year with substantial salutary
effects for the nation, the economy, and the remaining civilized non-blacks).
The other major crimes they do anyway. It’s their nature. You’ll never change
the nigger … they evolved only to ‘a point’ and no further. ] Fairgoers 'pulled out of cars'... 'They were just going after white people'... Heightened security... [ I refrained from using the ‘n word’ (or
even blacks / negroes) in referring to the culprits in the following two
incidents (those tender sensibilities) but I’m sure you’ve guessed that they
were niggers and I include same here in light of the foregoing incident (and
yes, the victims were white), which is typical. ‘.. while walking through
Military Park (a sliver of a “park” - more a pedestrian thoroughfare/cement
walks) in newark, new jersey on the way to the bank during lunch hour, I heard
the clearly audible screams/cries of what turned out to be an old lady on the
ground with blood streaming from her mouth. I ran toward the sound of the
cries, the source of which I could not see because there were so many people in
and about this thoroughfare so as to block any vision of the source of the
cries. When I came to the woman, on the ground, blood streaming from her mouth,
I asked what happened, to which she responded she had been hit in the mouth and
knocked to the ground, her purse stolen/put inside her shopping bag, and she
pointed out the criminal casually now walking across the main street. Nobody
stopped to help her, many having passed her by. I slammed the thug to the
ground so hard that, in light of all the blood and confusion (limbic system /
adrenalin flow) I thought I had been stabbed (the blood was from his elbows
hitting the pavement so hard - no one helped / a crowd gathered / an undercover
cop happened along). When I testified at the Grand Jury Proceeding I made sure
his threat on my life was set forth in prima facie fashion so as to maximize
the DA’s position with both felonies ( he went to prison – pled out ). The
other case I wrote about here ( This was included on my website in the
Psychology forum discussion of ‘bystander effect’ / diffusion of
responsibility. ) - Having had occasion to have run down a mugger in newark,
n.j. who apparently had followed a girl from the bank on her way to the bursar
to pay tuition, though in pretty good shape, I was astounded by how totally
exhausting such a pursuit was, how much like rubber my arms were when I traded
punches with the perpetrator, and truth be told, if I had a flashlight on my
belt, I have little doubt that I would have probably used it to subdue the perp
(a police officer here in California was the object of intense criticism for
having used a flashlight to subdue a criminal
/ nigger after a long chase so I included that here) . The girl was not
that seriously injured, did get her pocketbook and tuition back, and the
criminal / nigger went to jail (where they belong). The other thing about such
a pursuit that amazed me was that no one else assisted the girl or me despite
being in a position to do so. I was also mugged by 4 niggers and 2 hispanics in
an incident here in Los Angeles, CA. But, to be fair and balanced, the RICO
litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). ] Matthew Emanuel Macon (Murdered and
Raped 5 White Women in Lansing) Jimmie Reed (Murdered his
wife and his 2 month old daughter and set them on fire) Shelly Brooks (Murdered 7
prostitutes in Detroit Cass Corridor) Justin Blackshere (Stabbed two
white cooks at Cheli’s Chili downtown Detroit) Jervon Miguel Coleman (Murdered
three people.) Donell Ramon Johnson (Murdered a mother
and a daughter) Brian Ranard Davis (6 women known
murdered by nigger) Paul Durousseau (Seven women) Mark Goudeau “The Baseline
Killer” (Eight women and a man in 2005-2006) Coral Eugene Watts (11 women in
Texas & 1 in Michigan) Anthony McKnight (Five girls
and young women) Derrick Todd Lee (8 Women) Charles Lendelle Carter (4 known
murders; admits to ‘hunting’ Atlantans for 15 years!) The Zebra Killings (71 White
people) Chester Turner (L.A.s most
prolific killer 12 women killed.) Lorenzo J. Gilyard (Kansas City,
MO.—13 victims) Eugene Victor Britt (Gary, IN.–3
known murder/rapes.) Reginald and Jonathan Carr (The Wichita
Massacre–6 Whites murdered) Ray Joseph Dandridge and his
uncle, Ricky Gevon Gray (Richmond, VA.–Murdered 7 people in 7
days, including an entire White family.) The Tinley Park Murderer (Suspect
hasn’t been found but has been described as black – murdered 5 women in a
store.) Henry Louis Wallace (Raped and
strangled 5 women to death.) Charles Johnston (Murdered 3
unarmed white men in hospital) Craig Price (Brutally murdered 3 women) Harrison Graham (Brually
Murdered 3 women) Charles Lee “Cookie” Thornton (Murdered 6
Whites at the Kirkwood, MO. city council. ) Darnell Hartsfeld & Romeo
Pinkerton (Abducted and Murdered 5 from a restaurant) Ivan Hill (killed 6 in
Los Angeles area). July 07, 2010 http://articles.cnn.com/2010-07-07/justice/grim.sleeper.arrest_1_lonnie-david-franklin-serial-killer-case-family-members?_s=PM:CRIME | By Mallory
Simon, CNN ‘Authorities in California said Wednesday they have arrested a
suspect in the Grim Sleeper serial killer case and will charge him with 10
counts of murder.Lonnie David Franklin Jr., 57, faces an additional count of
attempted murder, Capt. Kevin McClure with the Los Angeles Police Department
said.Franklin will arraigned in court Thursday morning, McClure said.The
California Attorney General's office attributed the arrest to DNA collected
from a relative of the suspect, in a controversial and rarely used practice
known as familial DNA search.’ Of Course There Are Black Serial
Killers by Lynette Holloway July 15, 2010 The case of the "Grim Sleeper" inspires a
second look at the popular perception that serial killing is the province of
clever white men. Serial Murderers' Row July 16, 2010 The following black men are among the most prolific
serial killers in U.S. history. http://www.theroot.com/multimedia/gallery-meet-6-black-serial-killers Plus: Behind the myth
that only white men commit such crimes . Black Serial Killers Not So Uncommon http://www.amren.com/news/news04/03/03/blackserial.html 200 Involved In Fights At Mall Of America After
Rumors That Rappers Are There...
Miami Heat Players Don Hoodies... 'Dead or Alive' Poster Issued by New Black Panther
Party...
Zimmerman (and this is no endorsement – I won’t be looking at this one
incident all that closely) was at least trying to do a good thing made
necessary by the ever increasing number of brutal crimes committed by the black
thugs in neighborhoods across the nation; then there’s somalian pirates, etc..
People domestically and internationally are suffering from nigger-fatigue and
are totally niggered out. Oh, yeah, there are some Hollywood types who feel
good about themselves having niggers around and helping niggers to help them
feel better than they really are, insecure as they are, by being better than at
least someone beyond fantasy. Loony george clooney is one. Dreadfully boring
and with that monotone, monotonous voice and not that bright, he’s not even
able to fake it on screen as an action hero (ie., batman, what a horrific
miscast) wimpy pussy in reality that he is; then there’s the ‘black (sean)
penn’ who cried like a baby while incarcerated for a couple of days not that
long ago. The atheist jolie, so fatherly troubled as she is, has let the
equally mentally troubled pitt (she so nutty she makes him feel somewhat sane
though still not too bright) and pendulum ‘backwoods bob’ be the closest she’s
gotten to her black projects. Let them live anonomously (in disguise) with the
niggers for some time for a real close look and then see what’s left of their
predisposed love for the nigger. Then there’s the italian scallion, booby
deniro; drug addled as his black wife high-tower, what a total embarrassment to
Italians everywhere; even as he tried to ingratiate himself recently with
niggers everywhere and particularly national embarrassment mammy michele with
the embarrassing pro-nigger first lady remark.. [ Send the niggers back to sub-saharan Africa! ]'BLACK NIGGERS [ NOT WHITES BY NIGGERS THE
IMPLICATION DESPITE FACTUAL DATA TO THE CONTRARY ] ARE UNDER ATTACK [ SAYS NIGGER SHAKEDOWN ARTIST JACKSON] ' Obama: ‘If I
had a son, he’d look like Trayvon.’ Farrakhan Threatens 'Retaliation'… [ Retaliation? Can
you imagine the number of blacks that would have to be retaliated against based
upon the hushed reality of the prevalence of black on white crime? The blacks
should be careful what they wish for in playing that game because the facts
don’t break in their favor. ] ...
People have become weary of making up excuses for blacks (like obama,
holder, etc.). At some point, as now, people should not be timid about relating
the cold, unvarnished truth statistically / factually about blacks and,
ie., black on white violent crime,
etc..
From Pat Buchanan: As for racism, its ugliest manifestation
is in interracial crime, and especially interracial crimes of violence. Is
Barack Obama aware that while white criminals choose black victims 3 percent of
the time, black criminals choose white victims 45 percent of the time? Is
Barack aware that black-on-white rapes are 100 times more common than the
reverse, that black-on-white robberies were 139 times as common in the first
three years of this decade as the reverse? We have all heard ad nauseam from
the Rev. Al about Tawana Brawley, the Duke rape case and Jena. And all turned
out to be hoaxes. But about the epidemic of black assaults on whites that are
real, we hear nothing.
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
The reality is that blacks are an
insoluble problem wherever they are. That’s not going to ever change; not
make-shift/make-work jobs; not programs; not anything tried or to be tried;
hence, they must be treated as exactly that – problems – before a solution can
be derived and fashioned. ] [ Send the niggers, including niggerbama back to
sub-saharan africa! ]
4-5-12 Economy adds just 120K jobs... Number of people not in labor force rises to record
88M... Futures crash on jobs data... Stocks Post Biggest Weekly Decline in 2012... 40th straight deficit month... DEBT HITS $15,617,723,000,000.00 Obama's Budget: 'Interest Payments Will Exceed
Defense Budget' in 2019...
'Long Live Zimmerman' Spray-Painted on Ohio State's
Black Cultural Center... City of Sanford preps for worst with decision looming
in Trayvon Martin case... Man, 78, beaten by teens: 'This is for Trayvon'... NBC probe on altered 911 call centers on 'seasoned'
producer... Jesse Jackson calls on blacks to wear hoodies to
polling places...
VULCAN DEATH GRIP: VOTE FOR ME OR THE KIDS DIE...
REPORT: Panetta's weekend trips to CA cost taxpayers
nearly $1 million... Def Sec paid just $17,000...
Federal Worker Performs Rap Bragging About Lavish
Perks... 'Love to the nation! I'll never be
under investigation!' POLL: Even government workers say they are lazier...
MARION BARRY: 'We've got to do something about these
Asians coming in'[ Riiiiight! It’s the Asians who are the problem … as he takes
another hit. ]...
Food inflation seen back on the table as prices
rise...
Romney Accuses Obama of Hiding Agenda...
Russia warns West, Arabs against arming Syria
rebels...
U.S. Pressing Interpol to Deny Egypt's Request To
Arrest Americans...
DEMS BLACKLIST WALMART, COKE [ I’m a bit surprised
because obama, clinton, w bush, etc., have all done their share of coke which
has been admitted / documented, then the government illegally imports /
distributes coke in a very big way, and walmart / clinton ties go all the way
back to arkansas! ] ...
4-03-12 PUMP AND SLUMP...
ROMNEY SLAMS OBAMA'S 'GOVERNMENT-CENTERED SOCIETY'...
PAYBACK: Obama admin set to sue Sheriff Joe... Arpaio continues probe into president's birth...
NBC offers 'skimpy' apology fo Zimmerman tape
screw-up...
LIMBAUGH: Obama Puts Out Figurative Bounty on Supreme
Court... FEDERAL APPEALS COURT FIRES BACK AT OBAMA...
HENTOFF: Obama's NSA: Close to knowing all about
us... Beware the unholy alliance of state and internet...
IMF chief calls on U.S. for more cash...
Van Jones: Obama Wouldn't Lose Black Vote Even If He
Came Out As Gay... DID HE GET A LEAK? OBAMA TAKES SHOT AT COURT FLASHBACK: Obama biggest recipient of BP cash... RED ALERT: Pentagon activates missile defenses for NKorean
launch... GUNMAN OPENS FIRE AT CA UNIVERSITY... At least 7 dead...
REPORT: Rick Perry used pain killers to get through
debates...
Arizona Passes Sweeping Internet Censorship
Bill…[arizona is such a nothing, desert wasteland of a state; with
war-mongering, neo-con moribund loser mccain a testament to that fact]... Hoodie-Wearing niggers Kill 1, Wound 5 in
Congressman's District... http://albertpeia.com/niggersinniggertown.htm [ 13 shot,
2 dead in Chicago in six hours Thursday night ]'There were young men scattered everywhere'... http://albertpeia.com/obamaslammedforsilenceonwhitestudentsmurderedbyblack.htm , http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm , http://albertpeia.com/blackonwhitecrime.htm , VIDEO: Black Student Becomes Enraged In Evolution
Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm , http://www.albertpeia.com/whitesvictimizedbyblacks.htm ]
Buchanan: It's all about race now... NAACP condemns nigger apeman
sharpton's call for escalation in civil disobedience... Talkradio host calls for arrest and removal from
MSNBC... Detroit Preacher: 'Isn't The Mood In This Nation That
White People Are Better Than Black? [ That’s not the mood, that’s reality; the
plain, raw, unvarnished truth! And, not just whites; viz., Asians, Hispanics,
real American Indians, etc., and most
feral beasts except dogs are better than blacks who are at best their equals,
though some dog owners/lovers may dispute that. Niggers are a scourge on
civilized society wherever they are. Just look around, worldwide, wherever they
are, in concentrations particularly; it’s the same nigger story. That’s the way
they are. That’s what they are. They are a blight on any neighborhood. They are
a blight on any society and an insurmountable burden. They bring any society
down. Some will argue, how ‘bout sports?, to which one may reply, ie., just
because you go to horse races, doesn’t mean you want to live with horses, or,
just because you have monkeys in zoos doesn’t mean you want to live with them,
etc., much less cede control and affect over society to them. ] '
NOONAN: HE'S BECOMING 'CREEPY'... Suffers 'worst week' of presidency... Dem donors ignore plea for cash... STUDENTS SOUR... GE Immelt insists he's NOT pulling for Romney...
SHOCK POLL: Afghan war support DOWN TO 25%... Greek PM warns against threat to bailout... Europe warned crisis not over yet... Storm clouds gather over Italy reform drive...
UK GRIPPED BY 'FUEL EMERGENCY'... Gas Stations Go Dry...
SUPREMES POISED TO STRIKE DOWN OBAMACARE... Individual mandate picked apart... Admin. tries rebranding... 'Personal responsibility clause'... IRS seeks 4,000 agents for Obamacare... WIRE: Justices split by ideology... RUBIO
ENDORSES ROMNEY HOODIE ON THE HILL... VIDEO: Dem Rep Kicked Off House Floor... [ Typical noisy
nigger in the house of bad black reps. Female members, keep your purses close
when ‘bobby bobby r’ is near; the temptation might prove to be too much for his
inner rap nigger soul man. ] Ex-Black Panther... Another Says Trayvon 'Hunted
Down Like Dog' [Well, if the shoe fits
… but, actually, niggers are more like apes, monkeys that only evolved to a
point… and some dog-lovers might be offended by comparing niggers to dogs. ]... Pentagon unaware of 'secret
deal' between Obama, Kremlin ... http://albertpeia.com/bobobamathetraitor.htm ]
Black Panthers offer $10,000 bounty for 'capture' of
Trayvon Martin's killer … [ who do these filthy niggers think they are? ] Take
a look at this nigger who kills a white man during robbery, without any
provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm Shooter of Florida teen not a racist, lawyer says... SECRET WITNESS: Self-defense... Witness: Martin
attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDT Trayvon
Martin shooter: Teen went for my gun
The teen was
suspended from school three times
He was on
suspension when he was shot in February, after officials caught him with a
'marijuana pipe' and a baggie with drug residue
Trayvon was
kicked out of school in October for graffiti after he was allegedly caught with
a 'burglary tool' and a bag full of women's jewelry
Officials also
suspended him once for skipping school and tardiness
Trayvon Martin
was suspended from school three times in the months before he was shot dead by
a neighborhood watchman, it emerged today.
The facts,
revealed in a leaked report, paint a different picture of a teenager who
frequently found himself in trouble with authorities.
It was also
revealed that he might have attacked a bus driver, according to a Twitter
account that it is claimed belonged to the teen.
The Miami
Herald claims that in October, he was caught with a 'burglary tool' - a
flathead screwdriver - and 12 pieces of women's jewellery. Martin insisted that
they did not belong to him.
http://www.dailymail.co.uk/news/article-2120504/Trayvon-Martin-case-He-suspended-times-caught-burglary-tool.html#ixzz1qNKq1OXe
New Orleans officer resigns after Trayvon comments...
'Act like a thug die like one!'... Baggage Handlers Behind 200 Thefts a Day at JFK... Gas prices expected to rise all summer long...
Sandusky was labeled 'likely pedophile' in 1998... 'Cracker' T-shirt hits Florida streets... COPS: Zimmerman says Trayvon decked him with one blow
then began hammering his head on sidewalk... 'Suffered broken nose and had injury to back of
head'... Martin had been suspended from school for
marijuana... Black Panthers offer $10,000 bounty for 'capture' of
Trayvon Martin's killer … [ who do these filthy niggers think they are? ] Take
a look at this nigger who kills a white man during robbery, without any
provocation from the victim ... http://albertpeia.com/typicalblackmanonneighborhoodwatch.htm Shooter of Florida teen not a racist, lawyer says... SECRET WITNESS: Self-defense... Witness: Martin
attacked ZimmermanUpdated: Monday, 26 Mar 2012, 2:57 PM EDT Trayvon
Martin shooter: Teen went for my gun
Former NAACP leader accuses Sharpton,
Jackson of 'exploiting' Trayvon Martin... 'His family should be outraged'... Mother seeks to trademark dead son's name …[ For
what? Trayvon hoodies? ]... Many wear hoodies as churches remember Trayvon... STUDY: Earth heated up in medieval times -- before
human CO2 emissions... Obama gets personal over killing of black Florida
teenager... Urges 'soul-searching'... More Miami schools stage mass walk-outs... Gingrich calls Obama's Trayvon comments
'disgraceful'... Cops: Man threatened to kill police chief at center
of case... Jeb Bush: 'Stand your ground' invalid here... Miami Heat Players Don Hoodies... 'Dead or Alive' Poster Issued by New Black Panther
Party...
Zimmerman (and this is no endorsement – I won’t be looking at this one
incident all that closely) was at least trying to do a good thing made
necessary by the ever increasing number of brutal crimes committed by the black
thugs in neighborhoods across the nation; then there’s somalian pirates, etc..
People domestically and internationally are suffering from nigger-fatigue and
are totally niggered out. Oh, yeah, there are some Hollywood types who feel
good about themselves having niggers around and helping niggers to help them feel
better than they really are, insecure as they are, by being better than at
least someone beyond fantasy. Loony george clooney is one. Dreadfully boring
and with that monotone, monotonous voice and not that bright, he’s not even
able to fake it on screen as an action hero (ie., batman, what a horrific
miscast) wimpy pussy in reality that he is; then there’s the ‘black (sean)
penn’ who cried like a baby while incarcerated for a couple of days not that
long ago. The atheist jolie, so fatherly troubled as she is, has let the
equally mentally troubled pitt (she so nutty she makes him feel somewhat sane
though still not too bright) and pendulum ‘backwoods bob’ be the closest she’s
gotten to her black projects. Let them live anonomously (in disguise) with the
niggers for some time for a real close look and then see what’s left of their
predisposed love for the nigger. Then there’s the italian scallion, booby
deniro; drug addled as his black wife high-tower, what a total embarrassment to
Italians everywhere; even as he tried to ingratiate himself recently with
niggers everywhere and particularly national embarrassment mammy michele with
the embarrassing pro-nigger first lady remark.. [ Send the niggers back to sub-saharan Africa! ]'BLACK NIGGERS [ NOT WHITES BY NIGGERS THE
IMPLICATION DESPITE FACTUAL DATA TO THE CONTRARY ] ARE UNDER ATTACK [ SAYS NIGGER SHAKEDOWN ARTIST JACKSON] ' Obama: ‘If I
had a son, he’d look like Trayvon.’ Farrakhan Threatens 'Retaliation'… [ Retaliation? Can
you imagine the number of blacks that would have to be retaliated against based
upon the hushed reality of the prevalence of black on white crime? The blacks
should be careful what they wish for in playing that game because the facts
don’t break in their favor. ] ...
People have become weary of making up excuses for blacks (like obama,
holder, etc.). At some point, as now, people should not be timid about relating
the cold, unvarnished truth statistically / factually about blacks and,
ie., black on white violent crime,
etc..
From Pat Buchanan: As for racism, its ugliest manifestation
is in interracial crime, and especially interracial crimes of violence. Is
Barack Obama aware that while white criminals choose black victims 3 percent of
the time, black criminals choose white victims 45 percent of the time? Is
Barack aware that black-on-white rapes are 100 times more common than the
reverse, that black-on-white robberies were 139 times as common in the first
three years of this decade as the reverse? We have all heard ad nauseam from
the Rev. Al about Tawana Brawley, the Duke rape case and Jena. And all turned
out to be hoaxes. But about the epidemic of black assaults on whites that are
real, we hear nothing.
http://www.albertpeia.com/whitesvictimizedbyblacks.htm
The reality is that blacks are an
insoluble problem wherever they are. That’s not going to ever change; not
make-shift/make-work jobs; not programs; not anything tried or to be tried;
hence, they must be treated as exactly that – problems – before a solution can
be derived and fashioned. ] [ Send the niggers, including niggerbama back to
sub-saharan africa! ]
EUROPE RIDICULES OBAMA... 'Maybe copy key got stuck on
presidential speechwriter's keyboard'... REPORT: Corzine Ordered $200M Moved to JPMORGAN Days
Before MF GLOBAL Collapse... ...memo contradicts Corzine testimony LATEST DOCUMENT DUMP: White House was
all-hands-on-deck as SOLYNDRA collapse neared... APPLE Flash Crash: Single Trade Causes 9% Plunge... 'Do you have your birth
certificate?' Heckled at Ohio State... CNN reporter says 'n*gger' on live TV … [ Good for
him! That’s what they are! ] ... WASHPOST: 'Florida shooting stirs memories of civil
rights era'... Farrakhan Threatens 'Retaliation'… [ Retaliation? Can
you imagine the number of niggers that would have to be retaliated against
based upon the hushed reality of the prevalence of black on white crime? The
niggers should be careful what they wish for in playing that game because the
facts don’t break in their favor. As for the pathetic whites among and protesting
with them, they at best just don’t know any better and need a closer real look
at the nigger. ] ... Student loan debt tops $1 trillion... Marine sergeant faces discipline for FACEBOOK
critique of Obama... APNewsBreak:
Marine critical of Obama faces charge pay the piper. If no order, and stupidity as
with urinating on the bodies of the dead, can and should the actors be held
accountable for such gross stupidity? Absolutely! However, one must be mindful
of the reality that marines invariably have ‘skin in the game’ when it comes to
consequences of commanders in chief incompetence, unlawful acts, poor judgment
particularly as impacted by questionable mental states (arbitrarily taking the
last three presidents as illustrative, viz., clinton, bush, obama certainly
reflect this reality and concern coupled with the unnecessary murderous results
of their actions). There has been a longstanding rebuke of the ‘just following
orders’ defense accorded soldiers since particularly the nazi regime as an
example. As such, Stein certainly should be lauded for saying what all soldiers
should already know; namely, the unlawful detention of americans, among other
constitutionally barred activities should not be among those orders they are
willing to follow. The proscriptions of posse comitatus should also serve as a
guide. This is particularly important given the fragile mental state of
americans generally, and america’s leadership especially. No longer is it, if
ever it was true that americans can be trusted to do the right thing. In fact,
quite the opposite is true. Wobama is a desperate and incompetent failure as
president whose invariable breach of campaign promises is a testament to his
unsuitability for the office he currently occupies; and, one can only thank
Stein for recognizing what could devolve into a much more serious and
devastating scenario for the nation owing to wobama’s ever increasing political
desperation. Broadly and generally, murky areas as this, even involving the
military, should be resolved in favor of free speech, first amendment
guarantees and against censorship. Guest Post: The Ascendence Of
Sociopaths In US Governance Durden How did we get
here? An argument can be made that miscalculation, accident, inattention and
the like are why things go bad. Those elements do have a role, but it is minor.
Potential catastrophe across the board can't be the result of happenstance.
When things go wrong on a grand scale, it's not just bad luck or inadvertence.
It's because of serious character flaws in one or many – or even all – of the
players. So is there a root cause of all the problems I've cited? If we can
find it, it may tell us how we personally can best respond to the problems. In
this article, I'm going to argue that the US government, in particular, is
being overrun by the wrong kind of person. It's a trend that's been in motion
for many years but has now reached a point of no return. In other words, a type
of moral rot has become so prevalent that it's institutional in nature. There
is not going to be, therefore, any serious change in the direction in which the
US is headed until a genuine crisis topples the existing order. Until then, the
trend will accelerate. The reason is that a certain class of people
– sociopaths – are now fully in control of major American institutions. Their beliefs
and attitudes are insinuated throughout the economic, political, intellectual
and psychological/spiritual fabric of the US. ]
3-21-12 LA City Council Close To Resolution Barring Radio
Hosts From 'Racist, Sexist' Comments... POLICE: Black teenagers light 13-year-old on fire;
'You get what you deserve, white boy'... Typical
n*****s! Come on! People are tired of making making up excuses for the blacks.
It’s always the same story with them, no matter where. http://www.albertpeia.com/whitesvictimizedbyblacks.htm VIDEO: Black Student Becomes Enraged In Evolution
Class, Threatens To Kill Professor... http://albertpeia.com/blackthreatenstokillprofessorstudentsoverhersimianancestry.htm Sheriff Joe Warns: 'Tons' more shocking info on
Obama... Prices Slashed on Limited Edition 'Obama 44'
Jerseys... REPORT: Troops stressed to breaking point... More Marines Voicing Disapproval of Obama... OBAMA BACKS HALF A PIPELINE! Oil Prices at $200 a Barrel? 3-20-12 Obama exempts 11 countries from Iran sanctions... Netanyahu's Holocaust rhetoric under fire... Lagarde warns of 30% oil spike... Karzai calls American troops 'demons'... POSTMAN CLAIMS: Ayers family put 'foreigner' Obama
through school... ...video interview 3-19-12 SANTORUM ENDORSES ROMNEY! [1,504 DAYS AGO] 'If you want conservative as nominee of party, you
must vote for Romney'... GODFATHER ROM EMANUEL SHUTS DOWN NATO PROTEST... Big Brother Bloomberg Bans Food Donations... Might be too salty... Holder 1995: We Must 'Brainwash' People Against Guns
… [ And guns not the only subject of brainwashing they’re into; after all, in
reality, all holder’s street bros will have their illegal guns anyway, making
the law abiding even more dependent upon and at the mercy of the corrupt,
do-nothing feds et als! ] ... MARTIAL LAW? WHITE HOUSE ISSUES EXECUTIVE ORDER:
'NATIONAL DEFENSE RESOURCES PREPAREDNESS'... ...document creates widespread worry WASHPOST: 'A misleading account of Obama's mother and
her insurance dispute'... Miami Vice: The fight to keep big casinos out of
Florida... 3-16-12 COST OF LIVING SOARS... CBO: Obama budget deepens debt by $3.5 trillion... 2013 deficit: $977 billion... CBO sees higher deficits under Obama plan... Will Tom Hanks Video Help Obama [ Lamentably, sweet
tom never really able to shirk the role of retard once driven to the apollo as
the beloved but mentally challenged gump. Yes, life in america for worst is
like that candidate of chocolate. ] ? 'He Would Not Dwell In Blame' [ Yeah, sounds like a
plan; when, as with wobama, you have so much to be blamed for. In the final
analysis, isn’t blame, the positing of blame to one or another ultimately what
a vigorous and real political process is about, ultimately arriving at who’s
best to provide credible solutions in light thereof? ] ... GOP mocks [ Indeed they should! Indeed they must!
Wobama’s a joke! ] { The time is come for wobama to pay the piper for every
b***s*** story he’s ever told – and that a real lot of b***s*** to account for!
} ... CIA wants to spy on you through your TV... Agency director says net-connected
gadgets will 'transform' surveillance... Bob Barr Files Lawsuit Against TSA Over 'Drudge'
Controversy... 'HOMELAND' LISTS YAWNING, GOOSE BUMPS AS SUSPICIOUS
BEHAVIOR... DEM SEN ACCUSES COLLEAGUES OF BEING 'NIGGARDLY'[ But,
to their credit, not niggers! ] ... SOLDIER NAMED IN AFGHAN MASSACRE... Writings about war battle discovered... Angelica Huston: USA Returning to 'Dark Ages'... Suspect in Afghan Attacks Had Brain Inury Been Drinking... 'He wasn't thrilled about going on another deployment'... KARZAI: GET OUT! Afghan president wants U.S. troops gone from
villages... U.S. moves massacre soldier to Kuwait... Thousands protest, chant anti-American slogans... Taliban suspends 'peace talks'... CAM SNUBS REPUBLICANS Obama Tip for Fainting Audience Members: 'You've Got
to Eat'... Orders baby back ribs, grits, and corn bread... Biden lauds Obama as man of 'steal' [ spelled
s-t-e-A-l, with an emblazened O on his frail, weepy chest as in zero, the big
zero wobama the b for b***s***! ] ... Three in 10 young adults live with parents, highest
level since 1950s... Axelrod: Limbaugh, Maher sexist comments different ... BUCHANAN: Rush and the new blacklist... China becomes top investor in Germany...
3-14-12 'I wanted to have the Marines look just like their
Afghan partners'... First time stripped of guns during address by
secretary of defense... DISTRUST: MARINES DISARMED FOR PANETTA AT CAMP
LEATHERNECK
Price of gas in CA jumps 50 cents in one month...
FLASHBACK: Obama Birthday Party 'Black Heaven'
[‘Nigger day’ (aka ‘White Hell’) is darkest night for america!]... 'Obama fanatic' pleads guilty to threatening to kill
Sheriff Arpaio, family...
3-13-12 CBO NEARLY DOUBLES OBAMACARE ESTIMATE... $1.76 TRILLION OVER 10 YEARS! FLASHBACK: Obama pledges legislation will cost
'around $900 billion over 10 years'...
Fed: Four large banks fail stress tests... CITI fails...
Spain Has 'Worse Problems Than Greece'...
AFGHANS BURN OBAMA EFFIGY... Taliban threatens to behead U.S. soldiers... Fire on Afghan officials at attack site... Kabul demands local trial for US gunman...
3-12-12 PAIN IN THE PUMP! 44 DOWN TO 41
Fed stress testing banks against 13% unemployment,
50% drop in stock market...
PAPER: Germany proposes a 'DRUDGE Tax'... Kabul demands local trial for US gunman... Afghans urge exit... UK plans combat pull-back... Killings bring war to presidential campaign...
U.S. soldier in Afghan massacre had 'brain injury'...
3-09-12 Unemployment holds: 8.3%... US still down 6 million jobs... THE NUMBERS... Trade deficit widens to biggest gap since '08;
Imports hit record... US borrowing rises for first time since 2008... Banks foreclosing on churches in record numbers... Greek debt swap triggers massive payouts... MOODY'S declares Greece in default of debt... Spain's new govt faces first strike... Germany wants new debate on EU constitution...
NBCNEWS BOLD: Host Al Sharpton Holds Political Rally -- on MSNBC! [No wonder their ‘news’ is viewed as
worthless, mind-numbing ‘entertainment’ at best!
Hammer-Wielding Thieves Swipe $450K In High-End
Watches -- In 45 Seconds! [ Typical niggers! It’s happening all over the
country, here in california particularly. Where’s the Drudge story on that
ruthless, uncivilized but typical nigger Kony of uganda fame – remember idi
amin? - come on … it’s the same story all over africa or wherever they are in
concentrations; similar stories, including especially here in america! Face up
to it! That’s what niggers are, that’s what niggers do! ] ! Gov't sets record deficit...
POLL: 77% Say Gas Most Important Factor in
Election... REPORT: Obama lobbying against Keystone pipeline... FLASH: Dems kill... Energy Secy: I don't own a car...
ISRAEL REQUESTS 'BUNKER-BUSTER'
Romney Readies 'Prosecution of Obama'...
Greece in last ditch scramble to avoid default... Alarm sounds over Spain rising debt... Portugal Doomed?
3-07-12 Panetta: 'International Permission' Trumps
Congressional Permission For Military Actions … [ Well, isn’t that
revolutionary, as in ‘coup speak’, the constitutional ‘check/protection by
solid precedent’ dashed in a sweeping statement by an italian in a failed
regime – seen/heard that one before, that ‘international permission’ being the
axis powers consensus giving rise to WW2– this is almost in the realm of
unbelievable yet is all too believable in pervasively corrupt, defacto
bankrupt, war crimes nation america! What total b***s*** / insanity. Let’s
see…who should be the ‘international permissioner’ this day? How ‘bout, zionist
netanayahu, robert mugabe the zimbabwe, etc.. How totally pathetic! ] ... Weinstein passes on movie pitch – from [how totally pathetic] Obama! GAS HITS $6 AT CALIFORNIA STATION... REPORT: Part of $11M grant to provide 'business
attire' for job seekers aided only 2 people... Brazil overtakes UK to become world's 6th-largest
economy... SUPER CHOOSEDAY... ROMNEY: ID, MA, OH, VA, VT... SANTORUM: OK, ND, TN... GINGRICH: GA... TOTAL DELEGATE COUNT... TOTAL POPULAR VOTE... HERE WE GO AGAIN: Obama moves to aid Syrian
'rebels'... Sens urge strike [ And look at these senators: loser
mccain who’s ‘knock, knock, knocking on hell’s door’, zionist lieberman who’s
already out the door, and that ‘mixed up guy’ lindsey graham, all of whom have
contributed to america’s national bankruptcy strategy … ]...
Group sues for Michelle Obama vacation records [ and
there must be plenty of them; tons and tons … ]... Tearful Putin claims election victory: 'Glory to
Russia'… [ Glory indeed! Historically well-deserved! I really don’t believe
that Russians realize how important this victory was for a stable, strong,
great Russia prospectively! ] ... Reasserts grip... POWER...
PROTEST FEAR: G-8 MOVED OUT OF CHICAGOLAND
HOLDER: US can target citizens overseas...
POLICE: Black teenagers light 13-year-old on fire;
'You get what you deserve, white boy'... Typical n*****s! Come on! People are tired of making making up excuses for
the blacks. It’s always the same story with them, no matter where. http://www.albertpeia.com/whitesvictimizedbyblacks.htm Islamists
kill dozens in Nigeria Christmas bombs For ‘self-defeating / self-destructive’ ‘political correctness’ or
otherwise, I believe the under-profiled black serial killer is also the consequence
of their proclivity for and love of killing, random, wanton savagery for no
reason other than for the sake of killing (as, ie., rabid dogs, which
distinguishes them from and positions them below other feral beasts) and
otherwise, and an historic predisposition toward canabalism. After all, the
contra-indicated mainstream ‘politically correct’ view (tv and otherwise) calls
for a white perp in terms of ‘profile’ which is of course, ridiculous. I
believe the under-reporting is owing to multiple killings by blacks being
classified as something other than ‘serial’; ie., gang, gang related,
‘typical’, etc.. Moreover, the anti-white bias of the black perps is also a
reality that’s under-reported. Take a look at the following brutally
uncivilized black on white violent rapes/murders: http://www.albertpeia.com/whitesvictimizedbyblacks.htm Drudgereport: 'Mob' beatings at WI state fair... 'Hundreds of young black people beating white
people'... [ Typical n*****s! Good thing there are food stamps;
otherwise they’d be reverting to their inherent proclivity for canabalism (send
them back to africa … even give them a lump sum for an irrevocable repatriation
incentive … a huge cost-saving beyond the first year with substantial salutary
effects for the nation, the economy, and the remaining civilized non-blacks).
The other major crimes they do anyway. It’s their nature. You’ll never change
the nigger … they evolved only to ‘a point’ and no further. ] Fairgoers 'pulled out of cars'... 'They were just going after white people'... Heightened security... [ I refrained from using the ‘n word’ (or
even blacks / negroes) in referring to the culprits in the following two
incidents (those tender sensibilities) but I’m sure you’ve guessed that they
were niggers and I include same here in light of the foregoing incident (and
yes, the victims were white), which is typical. ‘.. while walking through
Military Park (a sliver of a “park” - more a pedestrian thoroughfare/cement
walks) in newark, new jersey on the way to the bank during lunch hour, I heard
the clearly audible screams/cries of what turned out to be an old lady on the
ground with blood streaming from her mouth. I ran toward the sound of the
cries, the source of which I could not see because there were so many people in
and about this thoroughfare so as to block any vision of the source of the
cries. When I came to the woman, on the ground, blood streaming from her mouth,
I asked what happened, to which she responded she had been hit in the mouth and
knocked to the ground, her purse stolen/put inside her shopping bag, and she
pointed out the criminal casually now walking across the main street. Nobody
stopped to help her, many having passed her by. I slammed the thug to the
ground so hard that, in light of all the blood and confusion (limbic system /
adrenalin flow) I thought I had been stabbed (the blood was from his elbows
hitting the pavement so hard - no one helped / a crowd gathered / an undercover
cop happened along). When I testified at the Grand Jury Proceeding I made sure
his threat on my life was set forth in prima facie fashion so as to maximize
the DA’s position with both felonies ( he went to prison – pled out ). The
other case I wrote about here ( This was included on my website in the
Psychology forum discussion of ‘bystander effect’ / diffusion of
responsibility. ) - Having had occasion to have run down a mugger in newark,
n.j. who apparently had followed a girl from the bank on her way to the bursar
to pay tuition, though in pretty good shape, I was astounded by how totally
exhausting such a pursuit was, how much like rubber my arms were when I traded
punches with the perpetrator, and truth be told, if I had a flashlight on my
belt, I have little doubt that I would have probably used it to subdue the perp
(a police officer here in California was the object of intense criticism for
having used a flashlight to subdue a criminal
/ nigger after a long chase so I included that here) . The girl was not
that seriously injured, did get her pocketbook and tuition back, and the
criminal / nigger went to jail (where they belong). The other thing about such
a pursuit that amazed me was that no one else assisted the girl or me despite
being in a position to do so. I was also mugged by 4 niggers and 2 hispanics in
an incident here in Los Angeles, CA. But, to be fair and balanced, the RICO
litigation involves those uncivilized who consider themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). ] Matthew Emanuel Macon (Murdered and Raped
5 White Women in Lansing) Jimmie Reed (Murdered his
wife and his 2 month old daughter and set them on fire) Shelly Brooks (Murdered 7
prostitutes in Detroit Cass Corridor) Justin Blackshere (Stabbed two
white cooks at Cheli’s Chili downtown Detroit) Jervon Miguel Coleman (Murdered
three people.) Donell Ramon Johnson (Murdered a
mother and a daughter) Brian Ranard Davis (6 women known
murdered by nigger) Paul Durousseau (Seven women) Mark Goudeau “The Baseline
Killer” (Eight women and a man in 2005-2006) Coral Eugene Watts (11 women in
Texas & 1 in Michigan) Anthony McKnight (Five girls
and young women) Derrick Todd Lee (8 Women) Charles Lendelle Carter (4 known
murders; admits to ‘hunting’ Atlantans for 15 years!) The Zebra Killings (71 White
people) Chester Turner (L.A.s most
prolific killer 12 women killed.) Lorenzo J. Gilyard (Kansas City,
MO.—13 victims) Eugene Victor Britt (Gary, IN.–3
known murder/rapes.) Reginald and Jonathan Carr (The Wichita
Massacre–6 Whites murdered) Ray Joseph Dandridge and his
uncle, Ricky Gevon Gray (Richmond, VA.–Murdered 7 people in 7
days, including an entire White family.) The Tinley Park Murderer (Suspect
hasn’t been found but has been described as black – murdered 5 women in a
store.) Henry Louis Wallace (Raped and
strangled 5 women to death.) Charles Johnston (Murdered 3
unarmed white men in hospital) Craig Price (Brutally murdered 3 women) Harrison Graham (Brually
Murdered 3 women) Charles Lee “Cookie” Thornton (Murdered 6
Whites at the Kirkwood, MO. city council. ) Darnell Hartsfeld & Romeo
Pinkerton (Abducted and Murdered 5 from a restaurant) Ivan Hill (killed 6 in
Los Angeles area). July 07, 2010 http://articles.cnn.com/2010-07-07/justice/grim.sleeper.arrest_1_lonnie-david-franklin-serial-killer-case-family-members?_s=PM:CRIME | By Mallory
Simon, CNN ‘Authorities in California said Wednesday they have arrested a
suspect in the Grim Sleeper serial killer case and will charge him with 10
counts of murder.Lonnie David Franklin Jr., 57, faces an additional count of
attempted murder, Capt. Kevin McClure with the Los Angeles Police Department
said.Franklin will arraigned in court Thursday morning, McClure said.The
California Attorney General's office attributed the arrest to DNA collected
from a relative of the suspect, in a controversial and rarely used practice
known as familial DNA search.’ Of Course There Are Black
Serial Killers by Lynette Holloway July 15, 2010 The case of the "Grim Sleeper" inspires a
second look at the popular perception that serial killing is the province of
clever white men. Serial Murderers' Row July 16, 2010 The following black men are among the most prolific
serial killers in U.S. history. http://www.theroot.com/multimedia/gallery-meet-6-black-serial-killers Plus: Behind the myth
that only white men commit such crimes . Black Serial Killers Not So Uncommon http://www.amren.com/news/news04/03/03/blackserial.html 200 Involved In Fights At Mall Of America After
Rumors That Rappers Are There...
3-02-12 GOV'T MOTORS halts production of CHEVY Volt... Lays off 1,300... BLAMES MEDIA FOR LOW SALES...
Obama: 'I Don't Bluff'[ Yeah … he doesn’t bluff, he
just b***s***s profusely … What this nation and this world DON’T NEED is some
mentally troubled mulatto negroe desperately trying to prove himself in an
election year to be something other than what he’s already proven himself to
be; viz., a complete and utter failure as president! ] ...
Ann Romney brushes back Bill Clinton (careful Ann …
don’t stand too close to ‘bad boy billy’; he might try to lick your rear end or
hump your leg, dog that he is; and, be sure not to bring up those then
‘presidential-qualifying’ illegal Mena, Arkansas cocaine drops which is a
business he better understands.) ...
Judge Orders Illegal High School Valedictorian To
Leave US … [ I have found Colombians to be very intelligent, civilized, decent
and honorable people (despite attempts to paint them otherwise vis-ŕ-vis the
illegal cocaine ops which are really primarily of american instigation and
utility. The more likely reason for this absurd result is that she forgot to
pay the expected judicial bribe, one way or person or another. That said, keep
in mind america’s a far cry from what it used to be in terms of reasons to want
to stay here. ) ... OIL HIT $110+ Disputed report of Saudi blast causes frenzy... India resists call to cut Iran imports... REPORT: Real inflation at 8%...[Actually, even much
higher!]... Your Share of Fannie, Freddie Losses: $1,300... Two more American troops killed by Afghan soldier... Obama: Apology 'Calmed Things Down'… [Riiiiight! That
reliable b***s*** effect… only in america…]... Afghan government calls for trial for Quran-burning
soldiers... Russia accuses US of meddling in presidential vote
[President Putin has every reason to accuse the corrupt, defacto bankrupt and
envious u.s.]... Internet Outage at Pentagon... EXCLUSIVE: BREITBART'S LAST
HOUR Death to be reviewed by L.A. County coroner...
Sheriff Joe's posse: 'Probable cause'
Obama certificate a fraud... 'Forgery'...
2-29-12 DOWNER! Bernanke warns lawmakers nation headed for 'massive
fiscal cliff'... China holdings of US debt at $1.15 trillion... Ron Paul: Fed's 'going to self-destruct'...
Energy Secretary Chu Admits Administration OK with
High Gas Prices...
Thieves Drilling Into Gas Tanks...
2-28-12 Gas Prices Hit $5 On Long Island... ...new worry is $6 Detroit Councilman Proposes Gas Stations Hire
Security Guards...
GOOGLE in EU showdown over privacy rules...
Revealed: US plans to charge WIKILEAKS' Assange...
More Teens Getting Jobs To Help Parents... Israel faces resistance over Iran strike... US security officials remain
opposed...
Congressional committee to consider tax breaks for
mustaches... 3 doomsaying experts who foresee economic devasation
ahead...
RASMUSSEN POLL: Obama Approval at 45%, Lowest in
Month -- Falls Behind Romney, Paul...
Paul 43% Obama 41%
Obama 45% Santorum 43%
Obama 49% Gingrich 39%... UK
Government 'has run out of money'... Obama
Plays Race Card, Calls on Churches to Support Campaign... Launches 'African Americans for Obama'... Forgets
name of governor -- who is chairman of Dem Guv's Assn... OBAMA
TO CUT HEALTHCARE FOR TROOPS... CLAIM:
Godfather threw 25% of Chicago kids under bus... Oil
price rise raises specter of global recession... U.S. water bills to triple... Credit Card Debt Nears Toxic Levels...
NYT: Obama using Espionage Act to 'silence and
prosecute federal workers'...
NYPD surveillance of students called 'disgusting'... White House pumped millions into program... Liberal groups demand investigation...
2-24-12 NOVEMBER SURPRISE! Debt doomsday may come sooner than
expected...
12 killed in bloodiest day yet of Koran-burning
protests... Mobs charge US bases...
2 MORE AMERICAN TROOPS KILLED IN KABUL
Michelle O Raps the Rich -- at Swanky Fundraiser...
GEITHNER: Rich must pay more for 'privilege of being
an American'… [ Wow! That’s a bad pitch! Bye, america! ] ... World's most famous atheist: I can't be sure God
doesn't exist…[Well, that at least makes sense; because, quite simply, there is
a God! ] ...
Karen Santorum: Husband's surge 'is God's will'... Karen Santorum: Presidential
run is 'God's will' (Washington Post) [ The place they call Heaven to Karen
Santorum: News Flash – God has more important things and worlds to attend to …
Further News Flash – Though not popular fare among rationalizers … Look around
you, worldwide. Clearly, the world where the Christ was brutally crucified (it
would happen again and again here) is certainly not God’s favorite,
euphemistically speaking … Final News Flash – No, the Christ was not sent here
by God to be brutally murdered / sacrificed like some animal in some pagan
ritual for the sake of some primitive species evolved from initially
notochords, primitive chordates, and relatively more recently primitive apes. Summary
Conclusion: Decades at best, people don’t flatter yourselves; in earthly
vernacular, God doesn’t give a flyingf*** about this, or any other election.
Deceivers all (look at all the pervasive frauds, deceptions embraced by so
many), do not deceive yourselves. http://albertpeia.com/anthroindex1.htm ]
2-23-12 Afghan soldier kills two American troops at
protests... Taliban: Kill foreigners over Koran burnings... Riots...
OIL JUMPS TO $108+... America's Per Capita Government Debt Worse Than
Greece... http://albertpeia.com/debtpercapita.jpg
IRS delays in sending tax refunds continue...
2-22-12 Gas Prices Jump 10 Cents -- in Two Minutes! $6 GAS Record oil price sparks fears... US EMBASSY IN KABUL ON LOCKDOWN AS KORAN BURNING
PROTESTS EXPLODE... FEDS: Fresh milk 150 times more dangerous... 'Propaganda'...
Gov't launches war on hair dryers...
Percentage of Americans who pay NO TAX hits 49.5... GODFATHER II: Rahm to co-chair Obama re-elect... OIL HITS $106... White House seeks to deflect blame... GALLUP: Unemployment Rises to 9% In February... SATISFACTION WITH COUNTRY WORST SINCE CARTER... Michelle hits the slopes in Aspen month after
Hawaiian holiday... 16th vacation in 3 years…[ Something a bit negroish
about this seeming predisposed proclivity for all the vacations of the obamas
which I’m not the first to take note of; then, as well, there’s wobama’s
spending greater than that of all the presidents since Eisenhower combined –
well, you know, it’s an election year -
that ‘nigger-rich’ phenomenon despite the nation being virtually
insurmountably defacto bankrupt! ] ... For Baby Boomers, it's now 'work til you drop'... Gas prices highest ever for this time of year... $4.93 in Los Angeles... Already, talk of summer 'staycations'... IRAN CUTS OIL TO UK, FRANCE... Saudi Arabia CUTS Oil Output... Oil prices hit 9-month high... Iranian warships dock at Syrian port... US, Britain urge Israel not to attack... FEBRUARY: Gas prices rise to $4 in Los Angeles... Record High For Month... President Putin unleashes wave of anti-American
sentiment... Britain fears new Cold War over Iran... Iran sends 'message of peace and friendship'... Turkey will not allow NATO to share intelligence with
Israel {Wise!}... CAMPAIGN: OBAMA TOUTS PLANT HE TRIED TO CLOSE... Michelle Obama takes a ski vacation... Dem convention co-chair's company got $230m in
federal loans for 'green' projects... PAT BUCHANAN: I'VE BEEN BLACKLISTED! OUT AT MSNBC…[
This is rather incredible, and certainly pathetic! Always a voice of reason and
whose fact-filled, fact based writings and positions were typified by fearless
candor, this tragedy of monumental proportion hearkens back to another dark
time in american history when such blacklisting / censorship was common place
even as though over-reaching the threat though exagerrated was more real.
Indeed, today, the purported threat is in reality exposure of the clearly
incompetent, misguided and corrupt actions of government bureaucrats who
consistently attempt to cover up their failings which have caused this
indisputable decline of, from his perspective, a once great nation. ] ... Dollar Getting No Respect... CBO: Longest Period Of High Unemployment Since Great
Depression... USA will hit debt limit before election day... China wants say in World Bank choice; Challenge US
grip…[Indeed. After all, reality should count for something.]... Obama loses financial backing of big San Fran donor…’ "I don't know where he stands
on anything,"
– [ Join the club, Mrs. Buell. It’s a club that includes wobama himself, until
the teleprompter speaks. ] ‘...
2-15-12 $3.9 Billion in Fed Cash Flowed to Energy Firms With
Ties to White House... Insiders had 'huge stake in decisions'... Big donors reap subsidies...
China Reduces Holdings of U.S. Treasuries... ...lends more than $75bn to Latin America Egypt state media accuses US of spreading anarchy... Greek rhetoric turns hot... 'Forces' pushing Athens out of
euro...
2-14-12 Heightened Security in U.S. Over Iran Threat; Police
Guard Jewish, Israeli Targets... WARSHIPS SAIL THROUGH HORMUZ... US, Europe look at crippling financial lifeline... Ahmadinejad to show off new nuke facilities... 'Neutralized' Stuxnet virus... Decision On Iran Attack To Be Made 'By Summer'... GAS PRICE UP 83% DURING OBAMA EU divisions threaten aid for Greece... REPORT: Chicago most corrupt city in USA...
2-13-12 ATHENS BURNS Greece passes new austerity bill... Rioting Intensifies... Soros Slams Merkel; Warns of 'Great Depression'... Samuel L. Jackson: 'I Voted for Obama because he's
black'... US SENATE BAILS OUT BARBER SHOP... Budget to increase taxpayer losses on TARP... US SENATE BAILS OUT BARBER SHOP... TMZ: Houston died of drug, alcohol combo... REPORT: Not enough water in lungs to have drowned... 2-10-12 Obama budget to miss deficit goal... -$1,330,000,000,000.00...
BISHOPS: Obama Solution 'Unacceptable'... Burned by Religion Once Again...
NRA: Obama will 'erase' 2nd Amendment next term...
34 ITALIAN BANKS DOWNGRADED...
Head of CPAC: Jeb Bush could emerge at brokered
convention…[Head of Reality: wobama’s dream come true!]...
Argentina accuses UK of deploying nuke weapons near
Falklands... Sub rub...
2-9-12 Rep. Bachus faces insider-trading investigation...
Developing...
'Homeland Security' monitoring Internet for anti-govt
sentiment, social unrest... Archbishop: Obama Needs To Stop 'Intruding Into
Internal Life Of Church'... 'Betrayed'...
LAPD SETS UP DOMESTIC 'WAR ROOM'
WIRE: Foreclosure Deal to Spur Home Seizures... Greece deal fails to convince, EU demands more... Fresh wave of strikes... 2-8-12 Obama approval rating 'below historical reelction
standard'...
REPORT: Gov't Dependency Shoots Up 23%, Biggest Jump
Since Carter... REICH: Obama Has Handed Election Over To Super
Rich...
International 'militarization' in Syria growing
closer... China defends veto … {Really not necessary in light
of u.s., israel, eu irrationality } ...
POLAR ICE CAPS MELTING LESS THAN THOUGHT... STUDY: Himalayas, nearby peaks lost no ice in past 10 years... Scientists 'stunned'... 'I Feel Duped'...
2-7-12 Greece: 'There's no more left to cut'...
PAPER: NRC Publicly Told Americans No
Danger After Fukushima... Private Emails Tell
Different Story...
Lawmakers Protest Removal of 'GOD' reference from Air
Force Patch…[Yeah, I guess beyond propaganda that was just too much a stretch,
given their Godless activities in recent times! ]... Greece takes step closer to default... Europe's banks face challenge on capital... Record global sales of junk bonds...
CHURCH VOWS WAR ON OBAMA 'FIGHT IN STREETS' Lieutenant Colonel Breaks Ranks: Pentagon painting false picture of
Afghan war... 'Military leaders have let us down'...
2-3-12 HAPPY DAYS ARE HERE AGAIN: Jobless Rate Falls to
Lowest in Three Years... Nasdaq Hits 11-Year High as Stocks Roar... OBAMA WARNS CONGRESS: 'DON'T MUCK IT UP'.. Romney: Obama DOES NOT Deserve Credit... Record 1.2M FALL OUT Of Labor Force... SANTELLI: Here's What's Wrong With Data...
Artist Depicts Obama Trampling The Constitution... Cameron Fleeing America To Escape Collapse!!!!!? Ahmadinejad calls for new world order... Holder: I Knew Nothing About 'Fast and Furious'
Gun-Walking... To Puerto Rican Rep: 'Wherever you're from'... NYT loses $40million in 2011...
Woman Deported to Mexico; Feds Take Custody of Her
Four Children...
2-1-12 MASTER DIRECTOR JAMES CAMERON: I'M LEAVING USA!
US DEBT BALLOONS: $15,356,140,000,000...
El Centro, CA: 26.8% unemployment rate!
GALLUP: State polls predict huge Obama loss... MITT 47% NEWT 32% RICK 13% RON 7%... Full delegate count so far... RUBIO: FL WINNER WILL BE NOMINEE...
Obama runs up another trillion-dollar
deficit... CBO says real unemployment at 10%... Federal taxes to jump 30% in 2 years... SHOWDOWN: Issa threatens Eric Holder with contempt...
CA to run out of cash by early
March...
Soaring Beef Prices Force Shoppers To Find Other
Options... Teacher On Leave For Telling Class White Students
Easier To Teach Than Blacks … [ Duh! Of course that’s true! Before you can
solve a problem, you must identify and acknowledge the problem! ] ... Video of black teens savagely beating white boy
posted on FACEBOOK; gets 25 'likes' (probably by blacks) [ People must realize
that you will never change the uncivilized, less evolved nigger. White people
are self-destructively crazy to pretend and even try! ] ... http://www.albertpeia.com/whitesvictimizedbyblacks.htm , Black Serial Killers Not So Uncommon http://www.amren.com/news/news04/03/03/blackserial.html ]VIDEO [EDITED]...
1-30-12 BUCHANAN: Reagan White House saw Newt 'political
opportunist... not trusted'... HUNT: Gingrich May Be Trying to Win One From the
Gipper... PALIN: 'Annoy A Liberal. Vote Newt!' George Will: 'We're At The Horrid Stage'... Gingrich: Romney 'Breathtakingly Dishonest'... 'Pro-abortion, pro gun-control, pro tax-increase'... PREDICTS 5 MORE MONTHS OF THIS... Hints Santorum should get out... Romney Mocks Gingrich: 'Look in the mirror'... POLLS, POLLS, POLLS...
GALLUPUSATODAY POLL OF SWING STATES: Obama 47% Romney 48% Obama 50% Paul 43% Obama 51% Santorum 44% Obama 54% Gingrich 40% FRED DECLARES: Romney has 'DRUDGE in back pocket'… [
I think Fred’s wrong … I don’t think Romney has Drudge in his back pocket … I
think Drudge favors Romney for Anne Coulter whom he likes! ] ...
Rep. West Torches Obama, Reid, Pelosi: 'Get the Hell
Out of USA'...
GAFFE: Obama: 'We've created 22 3 million jobs'...
Investors face 70% loss in Greek deal... China Buying Record Quantities of Gold... -80F in Alaska! All-time USA record low temp almost
broken but thermometer breaks! 1-27-12 TWITTER's new censorship plan rouses global furor... USA falls to 47th in press freedom rankings...
PAPER: Pentagon Seeks Mightier Bomb vs. Iran... REAL GDP COLLAPSE: 1.7% FOR YEAR Bankrupt: Electric Car Firm Got $118.5 Million
Stimulus, Biden Visit... ROMNEY: THE MOON CAN WAIT... Newt
Gingrich promises to build a moon colony by 2020; make it a U.S. state Wow! Absolute proof that the slimy newt’s
not dealing with a full deck. Say anything? This takes the cake! The ‘idea
man’? Sure, all he needs is Aladdin’s lamp and infinite capital! Oh yeah,
reality nothwithstanding, nasa boondoggles sell well in Cape Canaveral, Florida
(and Houston, Texas). Note, he couldn’t just ‘go to the moon for the first time’
(that fake video with the flag waving in the moon’s windy atmosphere yet
another example as on fraudulent wall street of that pervasively addictive
hopium) America’s debt woe is worse
than Greece’s News (CNN) — ‘Our government is utterly
broke. There are signs everywhere one looks…The government’s total indebtedness
is $211 trillion ’ . How pathetic
and desperate, that slimy newt! ] NECK-FOR-NECK…[moon can wait, indeed; clearly a lucid
moment for Romney, yet when asked about the 2-state solution, like a gumball
machine he regurgitates the neocon/israeli line that the Palestinians want to
eliminate israel when the truth is that the converse precedes and is truer;
that is, that israel wants to eliminate palestinians and has with american fed
military might acted accordingly…typical, total hogwash!]... Ron Paul: Diplomatic relations with Cuba... Gingrich jab at debate moderator deflected... NYT: DRUDGE slammed for Anti-Gingrich Assault... KURTZ: DRUDGE 'has never been part of any
establishment' [ I’d say that’s a good thing and more reason to as I make
Drudge a daily read! ]...
PUTIN: USA WANTS TO CONTROL EVERYTHING...
1-25-12 NEWT FLASHBACK: REAGAN WAS RESPONSIBLE FOR NATIONAL
'DECAY'... 'The Reagan administration has failed, is failing,
and without a dramatic change in strategy will continue to fail... President
Reagan is clearly failing'...
INSIDER: GINGRICH REPEATEDLY INSULTED REAGAN NEWT SLAMMED SENATE REPUBLICAN LEADER DOLE: 'THE TAX
COLLECTOR FOR THE WELFARE STATE'... R. EMMETT TYRRELL: William Jefferson Gingrich... COULTER: RE-ELECT OBAMA: VOTE NEWT!... 'Conservatives should not be surprised by scandals
that lie ahead'...
What Reagan Thought of Newt -- Excerpt from The
Reagan Diaries...
State of the Union Ratings Down 12%... Obama's Lowest...
MERKEL CASTS DOUBT ON SAVING GREECE FROM MELTDOWN... Portuguese bonds hit as traders fear default... Soros Warns Of Dark Times...
Iran threatens to act first on EU embargo... Tehran could block oil exports... Iran-China trade soars... OBAMA HAS HEATED ARGUMENT WITH AZ GOV.... DEVELOPING... Flashback: President Gave Same Treatment to Jindal...
1-24-12 BRUINS GOALIE SNUBS OBAMA... CURL: The Truly Dismal State of the Union... PELOSI THREAT: NEWT WON'T BE PRESIDENT 'THERE IS SOMETHING I KNOW'
Rubio Defends Romney From Gingrich Attack...
GETTING OUT: 1,000+ Americans ditched their
citizenship over taxes...
Buffett would profit from Keystone oil
cancellation... Billionaire's secretary to sit in first
lady's box for State of Union address... 'Couldn't Sleep'... Boehner invites pipeline workers... Obamanomics: Price Of Gas +83%, Ground Beef +24%,
Bacon +22%... DETAILS: Daniels Blasts 'Extremism' in Response...
Romney gave 15% to charity; Obama 1%... Biden gave $369...
Post Office 'Needs to Cut 260,000 Jobs'...
Rand Paul refuses patdown... 'I was BARKED AT: 'Do not leave the cubicle!'... 'Police state growing out of control'... On way to Senate, March For Life... Constitution: 'Privileged From Arrest'... 'HOMELAND' DETAINS U.S. SENATOR WHITE HOUSE SIDES WITH TSA OBAMASCARE: Supremes refuse to
consider Kagan recusal... MITT FIRE: SPEAKER NEWT 'RESIGNED IN DISGRACE'... Calls Gingrich 'Highly Erratic'... 'It's an October surprise every day'...
PAWLENTY: OBAMA WOULD BEAT GINGRICH...
NEWT EATS THE PRESS... Coulter: SC Voters Rather Have Snotty Remarks Toward
Obama Than Win... 953 dead people voted in SC? Gingrich plans speech on space...
Romney: Gingrich 'failed leader,' 'disgrace'... Santorum sticks around and gives grief... Dems still fixated on Romney...
FLASHBACK: Gingrich favored censoring web to fight
terror...
Obama signals State of Union a campaign rallying
call... Ombudsman to WASH POST: Hit Obama Harder...
DEFIANT: Greece presses EU to ease Iran oil
sanctions...
Flaming-horned bull fatally gores man in Spain...
COPS: Black Woman cut baby from womb, let mother die…
(you may recall a similar case involving a black female perp – such savagery)
...
CYBER WAR: Feds SHUT DOWN file-sharing website; No
trial, no due process... 'This is just the beginning'... 'Anonymous' Goes on Revenge Spree ... DoJ, RIAA, MPAA, and UNIVERSAL MUSIC All Offline... GOOGLE Already Using SOPA-Like Censorship... Republicans stand together to oppose 'piracy' law...
Canada Pledges to Sell Oil to Asia After Obama
Rejects Keystone Pipeline... China gets jump on U.S. for Brazil's oil...
DEFIANT: Greece presses EU to ease Iran oil
sanctions...
Final hours... Romney Pushes Gingrich to Disclose Ethics-Probe
Details... NEWT'S PUBLIC CLASH WITH REPORTERS -- DIFFERS FROM
PRIVATE... Chuck Norris endorses Gingrich! Livingston: 'Newt is Volatile'... NETWORK SOURCE: Newt Cancels ABC's THIS WEEK For
Sunday... Developing... Romney sings Happy Birthday to SC gov.... Insiders coalescing... 5 MILLION WATCH CNN DEBATE [6.2 MILLION MTV 'JERSEY
SHORE', 18 MILLION 'AMERICAN IDOL']... Santorum: SC is NOT end of line... PAPER: 'America hates Newt Gingrich'... Citadel Cadets Differ on Republican Favorite...
POLL: Romney, Ron Paul Tie Obama... German Deputy: S&P Downgrade Part of American
'War Against Euro' … [ Well, it’s about time someone acknowledged the reality
of what’s been going on; which of course brings into focus the absolute
stupidity attendant to europe’s ‘go along to get along’ policies vis-ŕ-vis
america which depite obfuscation is far more bankrupt than europe and far more
desperate. It could have been totally different for europe. ] ... HANDS OFF THE INTERNET! LAWMAKERS RETREAT FROM 'ANTI-PIRACY' BILL... Rubio Withdraws Support... 'Could Have Many Unintended
Consequences'... DNC chair supports... Treasury dips into pension funds to avoid debt... Obama kills Keystone pipeline; Blames Republicans... Says more jobs in jobless benefits... GOP calls Hillary to testify...
AP: ABC TO AIR THURSDAY NIGHT... GINGRICH DAUGHTERS: 'The failure of a marriage is
terrible and emotional experience'...
NEWT EX-WIFE UNLOADS Wed Jan 18 2012 Marianne Gingrich has said she could end
her ex-husband's career with a single interview… UPDATE: The AP reports ABC is now likely to air the
segment Thursday on NIGHTLINE.
Russia warns strike on Iran would be 'catastrophe'... FITCH: Greece to Default, 'Will Be Orderly'... Portugal moves into default territory...
FDIC Requires Big Banks to Have Breakup Plan...
FOREIGN COMPANY BUYS U.S. ELECTION RESULTS REPORTING
FIRM... GLOBAL REPORTING RAISES ALARMS...
CHICAGOLAND: Pit Bulls Attack Jogger, Chew Off Foot…[
When have you ever heard of a cat doing that? Or killing infants/children? Cats
are ‘humans best friend’! ]...
WILL RETURN LOST DRONE -- A MINIATURE PINK PLASTIC ONE... Russian State TV bashes new U.S. ambassador...
CHICAGOLAND: Video Of Teen Beaten By 7 Thugs YOUTUBE...
Man Fatally Beaten Steps Away From Liberty Bell In
Philly…
All Four Wheels Stolen From Cars At Dealership... new york…police officers are investigating a rash of
tire and rim thefts that leave victims with their cars on piles of
bricks. Last week, five cars parked in front of private homes were
hit…comment: Happens all the time in Maryland. [ Much worse happens all the
time in pervasively corrupt/defacto bankrupt, meaningfully lawless america,
home of the brave … criminals and mentally ill! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has
promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s
Blog ]
BUST: Another Gov't-funded solar company lays off
most of staff... La dégradation: S&P Cuts Credit Ratings for NINE
EU Nations... Friday 13th Shakes Europe... France stripped... POLITIZAP: Sarkozy braced for impact... Italy tumbles... Austria Loses... Germany Spared... BRINK: Banks Say No Deal on Greek...
LET'S GROOVE … [
ALEXANDRIA,
Va. (AP) —
They called it “random dancing” but First Lady Michelle Obama broke out some
moves that resembled subdued variations of “the Monkey” or “the Jerk” Friday
during an appearance at a northern Virginia high school… (she’s comfortable
with the monkey / jerk) ] ... [ see http://www.albertpeia.com/chimpodoinmonkeyjerk.htm ]'Dance Party For Obama'... MAG: Mossad agents posed as CIA in operation… [ "It's amazing what the Israelis thought they
could get away with," a US intelligence officer told Foreign Policy.
"Their recruitment activities were nearly in the open. They apparently didn't
give a damn what we thought," said the official. ]...Iranians chant 'Death to America' at funeral for
nuclear scientist... Defiant Ahmadinejad wins backing of Latin American
allies... 'HOMELAND SECURITY' MONITORING DRUDGE 'WILL RETAIN INFORMATION' BELAFONTE:
OBAMA LACKS 'MORAL COMPASS'... HOLDER ENDORSES OBAMA POWER GRAB... Labor board holds 'meet and greet' for appointees
that by-passed Senate... UPDATE: Retail sales fail to hit forecasts... 'Worst Economic Recovery Since Great Depression'... GONNA NEED ANOTHER TRILLION... Debt Nears $15,194,000,000,000.00 Ceiling.. http://www.rasmussenreports.com/public_content/politics/elections/election_2012/election_2012_presidential_election/2012_presidential_matchups Election 2012: Generic
Republican 47%, Obama 43% , Election 2012: Obama 44%, Romney 41%
, Wednesday, January 11, 2012 -The Rasmussen Reports daily Presidential
Tracking Poll for Wednesday shows that 22% of the nation's voters Strongly
Approve of the way that Barack Obama is performing his role as president.
Thirty-nine percent (39%) Strongly Disapprove, giving Obama a Presidential
Approval Index rating of -17 ] Abandoned Baby Found in 'Occupy DC' Tent... Greek children 'dumped in streets' as parents
struggle... TENSIONS RISE: AHMADINEJAD TOURS CUBA... Pentagon moves carriers, denies Iran link... Nuke Scientist Assassinated... Third Killed... USA presses China over Iran oil imports... Jolie 'disappointment' in Obama... 38,000 Farmers, Ranchers Sue Corzine Over Missing
Million$... NH RESULTS: MITT 39% RON 23% JON 17% NEWT 10% RICK
9%... Ron Paul To Everyone But Romney: Drop Out... UPDATE: Pat Buchanan suspended indefinitely by
MSNBC…[This is a tragedy typical of the left; to silence the staight-shootin’,
perspicacious Buchanan, censor the internet/speech, arrest/detain americans
without charge/constitutional protections, etc... Beck said that
President Obama had “a deep seated hatred for white people.”The group similarly
succeeded in a campaign to have conservative website mogul Andrew
Breitbart banned from the front
page of The Huffington Post, after Breitbart called the
organization’s co-founder Van Jones a “cop killer-supporting, racist, demagogic
freak. And a commie. And an eco-fraudster.”…’] White House threw secret 'ALICE IN
WONDERLAND' bash... 'Punch served in blood vials'... WH 'covered up'... Officials 'nervous about how splashy party would look
to jobless Americans'... WH: 'You can't believe everything you read in books
these days'... BYE BYE... FLASHBACK: Daley planned to leave AFTER election... Michelle (the repulsive, chimpish black) distressed
about power of 'white Irish Catholic'... New Obama Chief of Staff: Former Hedge Fund Exec at
CITI, Made Money off Mortgage Defaults... Castro: 'Robot' better than Obama, Republicans... KODAK Preparing for Chapter 11 bankruptcy... CEO on Obama's Jobs Council... BOEING To Lay Off More Than 2,100 Workers At Wichita
Plant... L.A. arson wave grows to 40 fires; most since 1992
riots... UPDATE: 16
new arson fires around LA... Italian
president urges sacrifices to save economy... Sarkozy:
France's future hangs in balance in 2012... Greeks must
avert economic collapse, euro exit... PAPER: Loss
of faith in politicians, democracy could make '12 most frightening year in
living memory... REPORT: OBAMA SPEEDS UP IMMIGRATION VISAS EVEN IF
FRAUD IS SUSPECTED... New laws take effect -- 40,000 of them! [ Arbitrarily enforced if at all – a
nation of ‘lawslessness’ – what a bunch of frauds! See here - http://albertpeia.com/ fbimartinezcongallard.htm , http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf , http://albertpeia.com/40piecesevidenceusdecline.htm , http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm ! Motorcycles, Bicycles Allowed to Run Red Lights... Michelle Obama Jokes: 'I Kind Of Like' Being Called
Your Excellency [… yeah, kind of like in a ‘SubSaharan africa / Planet of the
Apes’ kind of way… I find her wobamish jive-talking and chimpish look repulsive
… what a fallen nation! ] ... Cat survives 2 euthanasia attempts at shelter... Christian University Sues Federal Government Over
Obamacare... AS IOWA TURNS: NEWT WEEPS Floats Palin for VP... Kills Chapter on 'Climate Change' in Upcoming Book... On $4M Vacation, Michelle Seeks $3 From Backers... Christie: 'After Three Years Of Obama, We Are
Hopeless And Changeless'... Just 55% Between 16 and 29 Have Jobs... Dow Logs Gain in Volatile Year; S&P Ends Flat... Flurry of Trades in Final Seconds Snatched Away 2011
Advance... Gold Ends Year Up 10%... Euro ends year as world's worst performing
currency... NERVES: 'Flash Crash' Threatens to Return With a
Vengeance... Women (blacks) trade punches over Air Jordans... Pandemonium as shoppers race for shoes... Cops pepper spray mob (of blacks) ... Brawl... Gunfire... They Can't Wait, They (blacks) Break Into The Mall... SEASON'S BEATINGS! GALLUP: OBAMA HEADS TO HOLIDAY WITH 44% APPROVE... OBAMA: 'There is a laziness in me' …(Indeed there is,
no need to remind us) ... 2011 likely worst year for house sales on record,
dating back to 1963... Brazil's Economy Overtakes Britain As Sixth
Largest... French unemployment at 12-year high... REPORT: Internet censor bill would target political
websites... Oil price climbs amid Iranian threat... Vows to stop Gulf oil if sanctions widened... I NEED ANOTHER $1.2 TRILLION…[so says ‘wobama the b
for b***s***’ of defacto bankrupt america]... Cuomo wants casino in New York City…[ Sure … save the
mob that sometimes inconvenient (and costly ‘cut’) ‘trip’ to atlantic city,
n.j. with the laundered (drug, etc.) loot / money … what would you expect from
a typical n.y./n.j. guinea ] ... Pelosi Slips Quietly into Hawaii Resort; $10,000 a
night suite... REPORT: Pelosi wants to retire -- says daughter [
must be miffed about that ‘no pay raise’ this year ] ... Paul gets front-runner's welcome... MICHELLE SPORTS $2K SUN DRESS... MCDONALD'S Offers Free Coffee During Tough Economic
Times... STOCKS TURN NEG FOR YEAR... Russia scolds United States for human rights abuse... MELEE AT MALL OF AMERICA... Man beaten by robbers -- who stole new Air Jordan
sneakers off his feet!... Hundreds of Teens Run Wild After Rumors That Rappers
'Lil Wayne, Drake Are There... VIDEO: Mayhem, Screams... California
soldier shot at his homecoming party ]Islamists
kill dozens in Nigeria Christmas bombs For ‘self-defeating / self-destructive’ ‘political
correctness’ or otherwise, I believe the under-profiled black serial killer is
also the consequence of their proclivity for and love of killing, random,
wanton savagery for no reason other than for the sake of killing (as, ie.,
rabid dogs, which distinguishes them from and positions them below other feral
beasts) and otherwise, and an historic predisposition toward canabalism. After
all, the contra-indicated mainstream ‘politically correct’ view (tv and
otherwise) calls for a white perp in terms of ‘profile’ which is of course,
ridiculous. I believe the under-reporting is owing to multiple killings by
blacks being classified as something other than ‘serial’; ie., gang, gang
related, ‘typical’, etc.. Moreover, the anti-white bias of the black perps is
also a reality that’s under-reported. Take a look at the following brutally
uncivilized black on white violent rapes/murders:http://www.albertpeia.com/whitesvictimizedbyblacks.htm
Black Serial/Mass/Spree Killer List: Matthew Emanuel Macon (Murdered and
Raped 5 White Women in Lansing) Jimmie Reed (Murdered his
wife and his 2 month old daughter and set them on fire) Shelly Brooks (Murdered 7
prostitutes in Detroit Cass Corridor) Justin Blackshere (Stabbed two
white cooks at Cheli’s Chili downtown Detroit) Jervon Miguel Coleman (Murdered
three people.) Donell Ramon Johnson (Murdered a
mother and a daughter) Brian Ranard Davis (6 women known
murdered by nigger) Paul Durousseau (Seven women) Mark Goudeau “The Baseline
Killer” (Eight women and a man in 2005-2006) Coral Eugene Watts (11 women in
Texas & 1 in Michigan) Anthony McKnight (Five girls
and young women) Derrick Todd Lee (8 Women) Charles Lendelle Carter (4 known
murders; admits to ‘hunting’ Atlantans for 15 years!) The Zebra Killings (71 White
people) Chester Turner (L.A.s most
prolific killer 12 women killed.) Lorenzo J. Gilyard (Kansas City,
MO.—13 victims) Eugene Victor Britt (Gary, IN.–3
known murder/rapes.) Reginald and Jonathan Carr (The Wichita
Massacre–6 Whites murdered) Ray Joseph Dandridge and his
uncle, Ricky Gevon Gray (Richmond, VA.–Murdered 7 people in 7
days, including an entire White family.) The Tinley Park Murderer (Suspect
hasn’t been found but has been described as black – murdered 5 women in a
store.) Henry Louis Wallace (Raped and
strangled 5 women to death.) Charles Johnston (Murdered 3
unarmed white men in hospital) Craig Price (Brutally murdered 3 women) Harrison Graham (Brually
Murdered 3 women) Charles Lee “Cookie” Thornton (Murdered 6
Whites at the Kirkwood, MO. city council. ) Darnell Hartsfeld & Romeo
Pinkerton (Abducted and Murdered 5 from a restaurant) Ivan Hill (killed 6 in
Los Angeles area). July 07, 2010 http://articles.cnn.com/2010-07-07/justice/grim.sleeper.arrest_1_lonnie-david-franklin-serial-killer-case-family-members?_s=PM:CRIME | By Mallory
Simon, CNN ‘Authorities in California said Wednesday they have arrested a
suspect in the Grim Sleeper serial killer case and will charge him with 10
counts of murder.Lonnie David Franklin Jr., 57, faces an additional count of
attempted murder, Capt. Kevin McClure with the Los Angeles Police Department
said.Franklin will arraigned in court Thursday morning, McClure said.The
California Attorney General's office attributed the arrest to DNA collected
from a relative of the suspect, in a controversial and rarely used practice
known as familial DNA search.’ Of Course There Are Black
Serial Killers by Lynette Holloway July 15, 2010 The case of the "Grim Sleeper" inspires a
second look at the popular perception that serial killing is the province of
clever white men. Serial Murderers' Row July 16, 2010 The following black men are among the most prolific
serial killers in U.S. history. http://www.theroot.com/multimedia/gallery-meet-6-black-serial-killers Plus: Behind the myth
that only white men commit such crimes . Black Serial Killers Not So Uncommon http://www.amren.com/news/news04/03/03/blackserial.html 200 Involved In Fights At Mall Of America After
Rumors That Rappers Are There...
Oil price near $100 on global security concerns...
Investors Lose Faith in Stocks As Billions Pour Out
of Funds...
DANGER: Fed asks banks to keep more cash at hand...
IMF: World economy at a 'very dangerous juncture'... 90 Congressmen have 'no confidence' in Eric Holder,
say he should resign... HAPPY HOLIDAYS: USA DEBT NOW $15,123,841,000,000! Russia and US clash over NATO bombing probe... UNITED NATIONS (AP) -- Russia urged the
U.N. Security Council on Thursday to investigate civilian deaths in Libya from
NATO's bombing campaign…
Matt Damon rips Obama again (abc’s ‘coco duo, rob mo
and sunny ho disapproved’ of Matt’s rather tame but forthright criticism of
failed president ‘wobama the b for b***s***’ for whom there is no legitimate
defense!)... Chavez: Obama a 'clown' president...
CONGRESSMAN: Michelle (Yuk! I find her simian look
alone repulsive! Then there’s the jive-talk!) Obama 'has large posterior
herself'...
'Lectures us on eating right'...
Local Cops Ready for War With DHS-Funded Military
Weapons... Armored cars with turrets, drones, military-grade
assault rifles... REPORT: Chevy Volt Costing Taxpayers Up to $250K Per
Vehicle... CAVUTO: Volt sales inflated with taxpayer fleet
buys...
FED-EX guy chucks package over fence -- a computer
monitor!
UK's AAA credit rating threatened by 'formidable
challenges'... 'Miracle' if France keeps it...
IOWA GOV: IGNORE PAUL WIN... VOTE WILL BE HACKED! Chavez: Obama a 'clown' president... “Mr. Obama
decided to attack us,” Chávez said. “Now you want to win votes by attacking
Venezuela. Don’t be irresponsible. You are a clown, a clown. Leave us in peace
… Go after your votes by fulfilling that which you promised your people. Focus
on governing your country, which you’ve turned into a disaster,” Chávez said,
according to The Guardian…’ Read more: http://www.politico.com/news/stories/1211/70694.html#ixzz1hA7JMS1q ]PELOSI: Extending Unemployment Benefits Will Create
600,000 Jobs... Cybersecurity bill would establish 'federal big
brother'... Internet architects oppose US online piracy bills..
France's AAA Outlook Cut as FITCH Reviews Ratings of
Italy, Spain, Belgium... Most stock funds post losses this year...
Gingrich: Send US marshals to arrest
judges who defy Congressional subpoenas... DANGER: BANK OF AMERICA shares close below $5... Ron Paul Warns Martial Law Being Established in
USA... Missing $4,155? It Went Into Your Gas Tank This
Year…[ and into wall street pockets courtesy of the fed’s over-printed Weimar
dollars for QE’s, etc.]... PAPER: GOP will take off gloves if Paul wins IA... FEAR: IOWA VOTE WILL BE HACKED! Frantic Bachmann 'everywhere' -- 13 stops in 1 day!
Widespread Obesity Forces Coast Guard to Lower Max
Number of People on Ferries…[ Wow! ]... US Capitol Christmas Tree Honors Obama, Not Jesus Or
Christmas...
Fears over French credit downgrade...
China villagers threaten to march on government
offices... Communist party tested... FLASHBACK: Hillary says 'Free internet from political
control'... Jews still try to segregate Israel buses... By AMY
TEIBEL Associated Press [Yeah …
they’re anti-women, anti-gentile, and … no surprise to me , they’re
anti-semitic … you heard it … anti-semites … Arabs are semites! Could you
imagine if such a thing happened to a jew or a black in america? You’d never
here the end of it! ] JERUSALEM (AP) -- Israel's political leaders and chief
rabbis on Sunday condemned persistent efforts by ultra-Orthodox Jewish men to
shunt Israeli women to the back of public buses, a year after the country's
Supreme Court outlawed the practice.The outcry came in reaction to an Israeli
woman's experience of being asked to move to the back of a bus, which was Facebook and became a cause celebre in the
Israeli media on Sunday. The case even drew public comment from Prime Minister
Benjamin Netanyahu, who deplored gender segregation.Ultra-Orthodox Jews, who
make up about 10 percent of Israel's population of 7.6 million, have become
increasingly aggressive in their efforts to impose their norms in public
spaces. The ultra-Orthodox have segregated bus lines and some walkways in their
neighborhoods.In Jerusalem, billboards depicting women have become a rarity
because ultra-Orthodox vandals rip them down. The issue also has seeped into
the military, where religious soldiers walked out of a military event several
months ago because women were singing - which extremely devout Jews believe is
contrary to Jewish law.In the past, ultra-Orthodox Jews have confined their
strict practices to their own neighborhoods, alongside occasional attempts to
pass restrictive legislation banning sale of pork or opening shops on the
Jewish Sabbath.Recently the extremist Jews have been trying to impose their
norms outside their own enclaves, but the effects are scattered. Most of
Israel's secular majority is not directly affected.The Supreme Court was forced
to wade into the controversy last year, when it ruled on the segregated buses
and sidewalks. Although activists say harassment on buses has diminished since
the court ruling late last year, some fiercely devout are persisting with their
efforts to block the mixing of the sexes in public.Tanya Rosenblit, a
28-year-old woman from the southern town of Ashdod, discovered this last
Friday, when she boarded a bus to an Orthodox neighborhood in Jerusalem.
Shortly after she sat down behind the driver, a man wearing the black garb and
flowing sidelocks of the ultra-Orthodox boarded the bus and asked her to move.
She refused, and the man then blocked the bus from driving, she told The
Associated Press. She held her ground - even after a male police officer
dispatched to the scene asked her if she was "willing to respect them and
move to the back," she said….’
McQueary: I saw Sandusky molesting boy... I TOLD PATERNO... 15 EU Nations Placed on Negative Credit Watch... Huntsman: Trump debate 'is a
joke’ [ Yeah! He’s got that exactly right … after all, what can you expect from
the joker, trump … a joke of course, or worse! ]' PERRY WON'T KISS THE RING BACHMANN WILL NOT ATTEND Obama celebrates Hanukkah at White House... TWO WEEKS EARLY? LIGHTS ALL THE CANDLES ... 'We Never Need an Excuse For a Good Party'[
Riiiiight! There’s plenty to party about in america today, and room for extra
vacation time too! ]... COMING SOON: AMERICANS IN GITMO... Bill allows indefinite detention without trial... Obama 'demanded law apply to U.S. citizens'... Even Al Jazeera asks: 'How did we get here?'
US clears Iraqi airspace for Israeli
strike on Iran... IRAQI OFFICIALS SKIP U.S. END-OF-WAR CEREMONY...
China trims holdings of US Treasury debt...
FORECAST: GLOOMY... FITCH downgrades 8 global banks... Crisis 'poses military risk'... IMF chief warns over 1930s-style threats... French leaders launch outspoken public attacks on
Britain... PAPER: Obama's Watergate...
SHE CAN'T WAIT: MICHELLE TAKES OFF TO HAWAII... ENTOURAGE OF MILITARY FLEET, LIMOS... FLASHBACK: Obama exec order seeks to cut unnecessary
travel...
RADIOHOST SAVAGE OFFERS NEWT $1M TO GET OUT... Glenn Beck: I'd consider Ron Paul as third party over
Newt... Gary Busey Endorses Gingrich...
Congress considers bill to censor Internet... 'Free speech kill switch'... Would 'criminalize' Internet... 'Communist China is model'... MISSION ACCOMPLISHED: Panetta says 'we're winning' in
Afghanistan…[ Riiiiight! Sure … if national insolvency is the goal and standard
for victory. How pathetic … oh yeah, if
the americanized increased heroin trade is also a goal and standard; but, only
great for the select few war profiteers and not at all anywhere near helping defacto
bankrupt america and actually costs more to america / world societies owing to
the deleterious effects, consequences, costs of the scourge of this hardcore,
addictive narcotic! ]...
Hundreds in Fallujah burn U.S. flag to celebrate
troops pulling out of Iraq …[riiiiight! See, they’ve ‘won’ … though defacto
bankrupt … including those ‘hearts and minds’; as america’s doing throughout
the rest of the Mideast / World … NOT! ]...
Senate Dems kill bill that would have
required balanced budget... THREATEN CHRISTMAS GOV'T SHUTDOWN... House defies Obama on payroll tax bill...
Paul rips Romney, Gingrich as 'from the same mold'... AXELROD ON OBAMA, NEWT: 'The higher a monkey climbs
on pole, more you can see his butt'...
Dem lawmaker blasts Obama as arrogant, alienating... MF Corzine back before Congress... Denies 'misuse' of funds... Employee: He Knew... Companies blame unemployment on skills gap... Lack of qualified workers, not
demand, cited...
EURO PLUNGES... Euro Tumult Shows Netherlands Converging With Germany
at Expense of France...
ABC Debate Draws 7.6 Million; Most-Watched of Year...
Obama: 'It Doesn't Really Matter' Who Republicans
Nominate … [among the very few things he’s got right though not for the reason
he posits!]...
PAPER: Fears persist American jobs crisis cannot be
fixed [They call it not fear, but reality!]... Real unemployment rate at 11%...
Industrialized nations' borrowings to pass $10
trillion for year... PANIC: BANK RUN IN LATVIA... Butter shortage in Norway pushes price per pound to
nearly $500... BELIEVE! TEBOW DAZZLES NATION... Dowd: We need faith like Tebow's in White House... UP EURS... UK eurosceptic press jubilant at veto...
Sarkozy 'snubs' Cameron handshake... Worries grow over IMF loans...
Average Family Lost $21K in 6 Months Due To Property
Values, Stock Market... Hill staffers tweet of partying, 'idiot boss'... GOV'T MOTORS LAYS OFF WORKERS... Lawmakers press Volt's safety... Corzine 'stunned' cash can't be found... Lying 'has to do with your state of mind' [ the’
holder view’ that loses hold of reality in those ethereal nether reaches of the
mind that precludes rationality’- nothing to see here says he, it’s all in his
mind … riiiiight! ] ... Hundreds of NASA moon rocks missing! http://www.freerepublic.com/focus/f-chat/2325971/posts (you know … from all those trees on the moon
… from waving too hard in the breeze on the windy -NOT,no atmosphere- moon like
the american flag in the fake footage … what frauds!) ] Astronauts' tracks, trash seen in new moon photos As NASA transitions, U.S.
space politics in a state of flux
(Washington Post) [ U.S. space politics? I didn’t know there was such a
thing. But I, and I’m sure all know that ‘u.s. politics are spaced’. Flux? One
could only hope. I’d say, ‘fleeced’; as in we’ve all been fleeced. Sterner: 5 myths about NASA (Washington Post) [ If you can’t get past
the first myth; viz., that they actually set foot on the moon, the other 5
so-called myths become irrelevant. Indeed, post-Eisenhower, and certainly
post-Kennedy-assassination / coup d’etat, NASA was all military / military
industrial complex (moreover, someone knowledgeable about such matters said
essentially that in explaining to my surprise the transition to the shuttle
program it was said there was greater military application in same). In any
event, Russia’s been doing quite a bit of ‘heavy lifting’ vis-ŕ-vis the space
station, but not inordinately so. All I can say with certainty is that the
universe beyond this solar system is forever protected / insulated. The fact
is, they never set foot on the moon; and, in light of the pervasive corruption
in and defacto bankruptcy of the nation, their perpetual wars toward making a
hell on earth militate against anything but trying to do even just a little bit
better (for a start), terrestrially. NASA wants mission to bring Martian rocks to Earth
(AP) Launch of secret US space ship
masks even more secret launch of new weapon The Militarization of Outer
Space: The Pentagon’s “Space Warriors” Global Research | It’s not as if things aren’t bad enough right here on planet earth. Now
the Defense Department wants to up the stakes with new, destabilizing weapons
systems that will transform low- and high-earth orbit into another
“battlespace.” buzz aldrin wants to colonize Mars … Riiiiight
buzzed! Better check with DePalma to see if he already has the footage in the
can since you won’t be able to use the moon footage for the new boondoggle
video ... OBAMA SPEECH OUTLINES PLANS FOR RETURNING DEFACTO
BANKRUPT U.S. TO SPACE – OOOOOH! SOUNDS LIKE A PLAN … FOR INNER SPACE
(IMAGINATION). NASA's
New Asteroid Mission Could Save the Planet Space.com - Tariq Malik - CAPE CANAVERAL, Fla. - President Barack Obama set a lofty
next goal this week for Americans in space: Visiting an asteroid by 2025. Obama's
asteroid goal: tougher, riskier than moon The Associated Press Obama
calls for NASA to focus on trips to Mars and beyond Computerworld New Boondoggle promised to save NASA boondoggle defacto
bankrupt budget piece of pie. And don’t forget,
Bruce Willis and Ben Affleck, et als, have already done this so it’s not as if
they’re starting from ‘ground zero’, so to speak; and Brian DePalma already has
‘Mission to Mars’ in the can, but beware say the producers of ‘Species II’
since Eve, the cloned daughter of Sill, might want to mate with astronaut Paddy
Ross who has returned from Mars as a space alien host body. First
fake moonwalker blasts Obama's space plan msnbc.com - Bill Ingalls - The first man to pretend to walk on the moon
blasted President Barack Obama's decision to cancel NASA's back-to-the-moon
program on Tuesday, saying that not going with the new movie is “devastating”
to america's boondoggle spaced out effort. Fake dutch 'moon rock' revealed a
treasured piece at the dutch national museum - a supposed moon rock from the
first manned lunar landing - is nothing more than petrified wood, ...bbc news
bbc news | europe | fake dutch 'moon rock' revealed prized moon rock a fake - a
piece of moon rock given to an overseas politician by the united states is
actually a lump of petrified wood, museum authorities revealed yesterday. http://www.freerepublic.com/focus/f-chat/2325971/posts ... 'Moon rock' in dutch museum is just
petrified wood aug 27, 2009 ... http://www.collectspace.com/ubb/Forum14/HTML/000770.html Fake moon rock at dutch national museum.
Rijksmuseum / ap. This rock, supposedly brought back from the moon by american
astronauts, http://www.usatoday.com/travel/destinations/2009-08-27-rijksmuseum-moon-rock_N.htm , ... http://www.albertpeia.com/moonfraud.htm
In reality it is just a piece of petrified wood ... Another piece of evidence
that shows again that apollo program is indeed a fake and a typical american
fraud! http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv ]China's Hu urges navy to prepare for combat... REPORT: NKorea making missile able to hit USA... EURO 'EXPLOSION'... German Politician: Downgrade Is American Plot... MF: Corzine expected to plead the Fifth... Third congressional panel to subpoena...
Dozens arrested in DC... PAPER: Fed may give money to IMF to help euro zone... IN ATHENS, BIDEN JOKES ABOUT BAILING OUT GREECE... EURO DRAGS GERMANY DOWN PELOSI: DIRT ON NEWT TO COME... NEWT: 'Thank Pelosi for early Christmas gift'... IRAN BRACES FOR WAR... Mysterious blasts, slayings suggest covert efforts in
Iran... REPORT: Iran Has Missing American Drone...
TRUMP: 'Take the oil![Not surprising from a typical
american mobster / thief!]' REPORT: Bill Clinton collected $50k a
month from Corzine's MF GLOBAL...
REPORT: Pedophilia rampant in Hollywood... 'SOLD OUT!' OBAMA: 'I'm going to need another term to finish the
job ( of ‘no-change-change’ - in his dreams )'... OCCUPIERS TURN ON OBAMA OBAMA LAWYERS: Americans legitimate targets in war on
terror... Only executive branch, not courts, decides...
OBAMA COMPARED TO HITLER, STALIN IN NEW GUN COMPANY
AD... THE (SLIMY) NEWT TO MEET THE (MOBSTER) DONALD... (VO) MITT COURTS (WAR CRIMINAL/INCOMPETENT) GEORGE H.W.
BUSH... Ron Paul Hits Gingrich for Hypocrisy…[Indeed! In
fact, Ron Paul, if not the nominee should run as 3 rd Party / Independent Presidential Candidate! It’s time for pervasively
corrupt, defacto bankrupt america to get off the same well-worn path of
ineluctable decline and failure! ]... DoJ makes 'rare exception' to explain deception... Withdraws inaccurate letter it sent to Congress... Docs raise more questions about Fast & Furious... Issa says Holder ouster is up to White House... FRIDAY NIGHT DOCUMENT DUMP OBAMA OFF TO HAWAII FOR 17-DAY VACAY... HO HO HO: UNEMPLOY RATE 8.6%... 315,000 Americans leave work force... YESTERDAY: Jobless claims top 400K...
House Ethics Committee extends probe into Rep. Jesse
Jackson Jr....
Romney
visits former President George H.W. Bush
TWIN 'PLAYBOY' PLAYMATES: OBAMA ABANDONED THE
HORSES... Horses could
soon be slaughtered for meat in US Horses could
soon be butchered in the U.S. for human consumption after Congress quietly
lifted a 5-year-old ban on funding horse meat inspections, and activists say
slaughterhouses could be up and running...{ Another ‘bullish’ sign for
pervasively corrupt, defacto bankrupt America. ‘Soylent green’ just around the
corner? [Things are looking very, very ominous: A good business for a bad
economy Firms that keep foreclosed homes clean and secure are
flourishing in these tough financial times.
(Washington Post) [ See … there you go … great times for the american
optimist … who sees an opportunity in every calamity, the rainbow beyond every
cloud, the glass half-full, etc.. Whew, close call … and we thought times were
tough … and just when we thought everything’s now comin’ up roses, we find out
that that ‘glue factory’ we thought was for horses is really a ‘soylent green’
(of the compelling film of the same name) factory. Ah, just kidding; but, the
times are getting eerily sordid and desperate and there’ll be no real relief
from the onslaught of reality prospectively. It’s really that bad in futuro. 43,454,601,693,238
Reasons Why The World Is Broke – Presenting The Interactive Global Debt Clock Zero Hedge October 17,
2011 http://www.economist.com/content/global_debt_clock
FED GOOSES MARKETS... TEAMS UP WITH CENTRAL BANKS... MERELY 'BUYS TIME' FOR EUROZONE...
RON PAUL SLASHES NEWT...
PENN STATE SUIT ALLEGES MORE THAN 100 INSTANCES OF
ABUSE... Latest accuser says Sandusky threatened to hurt boy's
family if he reported... University purchases .xxx Internet domains to block
usage by the porn industry... As Home Prices Sink, Home Ownership Heads to New Lows...
AMR/american airlines BANKRUPT... Stock drops 85% to 20 cents a share...
BUSINESSES PLAN FOR END OF EURO... Eurozone Looks to IMF For Rescue... Finance Ministers Turn to Radical Ideas... Approve $11 Billion Loan For Greece...
Store Santas taught to size up parents' wealth,
manage children's gift expectations…[Yeah, there’s nothing quite like the
psychoanalytical / economic / financial abilities of store santas – america’s
so pathetic! ] ...
Germany told it must act to save Europe…[ Who’s goin’
to save Germany? ]... Impassioned plea for continent to avoid
'apocalypse'... Warned of 'highly devastating outcomes'... Just days until collapse? Deadly NATO airstrikes 'lasted over an hour'... US image in Pakistan 'worst ever'... NYT: Obama campaign set to abandon white working
class…[Yeah … in favor of, ie., those drugged up ‘workers’ in detroit who were
recently exposed in a mainstream investigative report and typifiy the why,
along with costs, that jobs have left u.s., etc.]... Troubled Maxine Waters set to take over on powerful
committee...
PAKISTAN: 24 troops killed in NATO helicopter
attack... RETALIATE: Pak shuts routes into Afghanistan... Orders drone base closed... PAKISTAN CUTS US SUPPLY LINES
Burn effigy of Obama... ULTIMATUM: GET OUT... NATO braces for reprisals... AFGHANS: They fired at us... PAKISTAN ENRAGED Britain draws up emergency plans for collapse of Euro... IMF drafting $800 billion bailout
plan for Italy, Spain... REPORT: FRANCE, GERMANY PREPARE TO TAKE DRASTIC
MEASURES... NYT: Time runs short...
Banks brace for breakup of euro... Cornel West: Ultimate Fight For Entitlements Will Be
In 'The Streets'... RIOTS WARNED... BLACK AND BLUE FRIDAY… [Come on! These so-called
‘record sales’ a function of greater numbers of store ‘early opening’
desperation, discounting, credit card spending despite falling income, etc.,
hype and then there’s the hangover as in previous / ongoing crisis to come. ]
... Woman pepper sprays other Black Friday shoppers 'to
gain an upper hand'... 'Girls Punching Each Other' Over Yoga Pants Sale at
Victoria's Secret... VIDEO: Mayhem over $2 waffle maker... NC police use pepper spray to break up melee...
Obama hits the links again... [Itchin’ for
permanent vacation!] Shoots hoops, takes in a game...
Medvedev Warns: Russia may target US missile sites...
INVESTORS SHUN GERMAN BOND SALE... Euro on 'Death Watch'... Black Friday Spending Flat... Obama hits the links again... NO THANKS! WORST SINCE 1932
IRAN CLAIMS ARREST OF 12 CIA AGENTS
U.S. ranks 25th in life expectancy -- lower than
Chile and Greece... WALL STREET SERVES MORE TURKEY…[Actually, it’s their fraud and b***s***
catching up with reality]... MESS SPREADS TO BERLIN...
NATO airstrike kills 6 children in Afghanistan...
Triple bombings in Iraq kill 19... 'Vigilantes' on the prowl...
REPORT: Latest Sandusky accuser a family member... DEBATE NUMBER 11... Sparks Fly... Ron Paul: Patriot Act Is 'Unpatriotic'... ROMNEY PROMISES FIRST TRIP AS PRESIDENT WILL BE TO
ISRAEL…[romney just gets more and more desperately pathetic!]... Gingrich: Cutting off gasoline would contain Iran... Contenders square off on immigration... WIRE WRAP... PAUL'S TIME TO RISE!?
Obama pal Rezko gets 10 years in jail... NASCAR Crowd Boos Michelle.. [Never a
previous fan (that round and round and round– but I do like the flats in
horse-racing - Go Big Red {‘Secretariat’, a terrific film} ), I think I’m going
to change my mind in light of the fans’ display of good taste!] White House plans celebration of 'country music'...
Gingrich to Occupy Wall St: 'Go get job right after
you take a bath'...
Israel; 'Time has come' to act on Iran... Iran conducts 4-day air defense drill... Israel shuts down dovish radio station... TRUMP(Mobster in Chief?): I MIGHT
STILL RUN (In his Dreams – Those Fuher Hitler tapes he ‘religiously’ listened
to have inspired him)! Releases financial disclosure
statement... SUPERFAILURE
Slimy newt says: I'm the best b***s***artist... WIRE: Ron Paul gaining traction... NEWT: I'm no Bill Clinton …[Yeah, hypocrite, he’s
worse, that very slimy newt] ... Looking for budget cuts, Congress bickers over what
'defense' means... European missile defense shield on the chopping
block...
Police clash with protesters in Tahrir Square over
military rule... ARAB FALL: PROTESTS RAGE IN CAIRO... HERE WE GO AGAIN: Britain in secret talks with Syrian
'rebels'...
Clinton says there could be civil war... Russia warships to enter Syria waters...
MORE PAIN IN SPAIN...
LAWSUIT: Man fired for not wearing '666' sticker at
work…[He should be reinstated and receive damages!]... IT TURNS BLOODY... Fury At Sinking Economies Drives Global Demos...
GE filed 57k-page tax return; paid no taxes on $14b
in profits...
SHOCK POLL IOWA: GINGRICH 32% ROMNEY 19% CAIN 13%… {
How pathetic and downright stupid americans have become. gingrich is as big a
b***s*** artist as wobama and similarly has a scandal-ridden track record of
failure, including that inside ‘money for nothing’ deal with taxpayer drain
freddy’s fannie! But again, that’s no endorsement of anyone else. What a
totally lost in failure nation america’s become. }... Sandusky interview prompts long-ago victims to
contact lawyer...
STUDY: Middle-class areas shrinking... Banks in USA Facing 'Serious Risk' on Contagion From
Europe...
USA DEBT JUMPS TO $15 TRILLION... Fed Now Largest Holder, Surpassing China... Challenge to dollar's dominance 'within decade'... OIL STARTS NEW SPIKE.... $102... CNN POLL: Whites give president thumbs DOWN 61%-36%;
Non-White thumbs UP 67%-32%... Penn State coach says he stopped shower assault... ‘…McQueary was
placed on administrative leave last week after Penn State officials said he had
received threats. According to the grand jury report, the graduate assistant
said he saw a boy, whose age he estimated at 10 years old, "being
subjected to anal intercourse" by a naked Sandusky (according to u.s.
forum posts sandusky is a polish jew whose mother’s maiden name is fittingly ‘gross’
www.topix.com/forum/us/TM9KO1A74D6VPVFS7 ) in a shower at the Penn State
football building in March 2002…’Paterno in line for $554,000 annual pension... SANDUSKY ADMITS TO SHOWERING... NYT: 10 more accusers come forward... SHOCK: Teacher Arrested For Masturbating Behind
Podium During Class... Trend forecaster Gerald Celente's gold account
emptied by MF GLOBAL... '2 Bad Corzine didn't die in his car accident!' ANGRY CUSTOMERS... Saudi prince warns against any attack on Iran... REPORT: Iran poised to choke oil supplies if hit by
Israel... Ready to help Turkey with nuclear plant... Oil price again flirting with $100... Post office near default? [So what! Let UPS take over
the poorly managed, unreliable usps.]…
Losses mount to $5.1B...
OBAMACARE TO SUPREMES... 5 1/2 HOURS: High Court to Rule on Obama's mandate... 26 States Want Entire Law Struck Down... Decision 4 Months Before Election Day... Justice Kagan called to recuse
herself... DAN RATHER: '(gingrich) Dangerous as a wounded
wolverine'... Obama: America's 'Been A Little Bit Lazy'…[like their
vacation-prone potus]... SOME DEMS REFUSE TO BACK OBAMA... Bachmann Campaign Accuses CBSNEWS of Bias... Ron Paul Gets 89
Seconds To Speak In CBS Debate Paul Joseph Watson | Leaked email to
Bachmann campaign indicates decision to limit air time for certain candidates
was deliberate CBS News policy. [ It’s really quite amazing that retreads, such
as the already failed, scandal-ridden slimy newt gingrich (much of america’s
current failure had it’s genesis in policies initiated / supported by gingrich;
ie., protection from RICO liability for the frauds on wall street, etc.) based
on his mere adherence to that which is required of the ‘israeli amen corner’ on
capital hill (as pointed out by the perspicacious Pat Buchanan), despite
bringing america down thereby, is the shibboleth by which all candidates are
being measured. Quite amazingly self-defeating, destructive, and
self-destructive for america particularly and the world generally. That’s why
cbs is cbs (for cb***s***). Given america’s intractable decline, it’s really
quite amazing. But, as we’ve seen, pervasively corrupt, defacto bankrupt
america is now fatally beyond shame. Nothing succeeds quite like failure in
america; where crime pays and pays well. ]
CHICAGOLAND: Thug punches out older man on train
platform... http://www.nbcchicago.com/news/local/Teen-Punching-Man-at-CTA-Stop-Caught-on-Tape-133703583.html?dr Crowd Laughs, Taunts: 'He knocked his ass out!' ]UPDATE: PENTAGON WARNED TROOP REMAINS BEING DUMPED IN
LANDFILL... PANETTA CAUGHT FLAT-FOOTED AGAIN... ABRAMOFF: Congress Members Took Part in Insider
Trading... 'THROW THEM ALL OUT'... CHINA MOCKS US POLITICAL MODEL... http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ,
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ] , in light of china’s communist form of government which is total b***
s***, I’m compelled to say it’s american greed, corruption, and policy errors
‘that’s made china’ in light of their ‘sweat-shop, jailhouse, excessively cheap
prison labor’ which is the primary reason for their economic success, coupled
with a more rational approach to geopolitics as compared with their irrational,
inherently criminal american counterparts. I’d also add to China’s credit that
their work force is far more diligent and reliable than that of america where
‘make shift jobs’ are viewed an entitlement to a now ‘make-shift people’,
however uneconomic. It’s the pervasive corruption, really, in america, which in
China is dealt with harshly, but in america, is rewarded substantially. Crime
pays and pays well in america, and is protected by even more crime (bribery,
quid pro quo, etc.) among mob (including government) groups, which encourages
even more crime (the highest crime rates by far in the world). That pervasively
corrupt, defacto bankrupt america is a failed nation requires no clairvoyant
prescience to discern. China’s mocking of america is well-deserved and comports
with reality. Quite simply, america’s done! That’s reality! }
Thrill-Kills in Afghanistan … [ Now you know why ‘no
immunity for crimes / war crimes’ was a deal-breaker for america in Iraq! ]...
'David Axelrod's pattern of sexual misbehavior'... Panetta Warns Defense Cuts Could Lead to Attack on
USA [ Typical incompetent guinea from … california … wow! Look at the
pelosi/panetta/boxer/feinstein once great state of california now … horrendous,
but substantially better than those corrupt guinea/mafia strongholds new
york/new jersey (italian dog-pack mentality). Haven’t their tenures coincided
with america’s/california’s decline, with wobama the jive-talking race-card
black the coup de gras? america’s defacto bankrupt and all that that entails
and the concern should realistically be not attack from without but rather
coast to coast from within. The military industrial complex and war profiteers
have benefited exorbitantly with the likes of panetta and his ilk; yet the
likes of this incompetent boob would have never found a place in the
administration of the great but substantially underrated President General
Eisenhower, a man of honor and integrity! ( And the last legitimately elected
president since the JFK assassination/coup d’etat! ) ] ... FANNIE MAE taps $7.8 billion more from Treasury, loss
widens... 60 MINUTES Expected to Air Investigation of Pelosi
Stock Investments... MILITARY DUMPED REMAINS OF DEAD SERVICEMEN -- IN
LANDFILL… [ pervasively corrupt, defacto bankrupt america’s a nation without
honor – they’ll use and abuse you, even post mortem ] ... Alabama county seeks to file biggest municipal bankruptcy... THE BIG BREAKUP... Merkel Calls for 'New Europe'... STOCKS PLUNGE ON FEAR... Italy's Woes Signal 'Dangerous Phase' in Crisis... 'Contagion Spreading; They've Got to Stop This'... Greek Unity Deal in Disarray... THE FALL OF BERLUSCONI... Humiliated in parliamentary vote... French ready for pain as debt reality bites... Victims Double In Penn State Case... ...Boys Raped In Showers Car of Republican Philly Mayor Candidate Vandalized -- for the 10th Time! --- On Wed, 11/18/09, ethan lichtblau <[email protected] > wrote: [email protected] >[email protected]
Hi Al,
Date: Wed, 18 Nov
2009 22:50:55 -0800[email protected] [email protected]
Hello Ethan: team points over a period of
time). He was quite strong and although I won, I had slipped a cervical disk
(for which I ultimately needed traction - I couldn't even do a push-up after a
couple of days which is very humbling when one relies so much on will-power). I
had also beaten Ron in the finals of the Freshman Met Tournament . I was injured by the end of the season in the two prior
intervening years (interestingly, the neurologist for the herniated disk
pointed out that my bones were relatively small compared to my
musculature/body-mass). I was fortunate to have a great coach in Roger Saunders
(Roger and his brother Richard, a former CIA Agent/Mechanic, were both National
Champions). I couldn't imagine Roger saying one of his wrestlers "gassed
out", even if true. Ron certainly didn't "choke" in the first
period, if at all.
______
From: ethan lichtblau <[email protected] >[email protected] >
I really appreciate your insights about this. I
never got a chance to speak to Ron about his own college wrestling
days. I only knew him when I was in high school, where he was
coaching a bunch of local high school wrestlers on a part time
basis. He was also helping out at his alma mater National championships in Judo,
wrestling, and Sombo, all in the same year. (?1972). Years later,
maybe 1985 or so, he decided to make a comeback in Judo. He cut a shit
load of weight and ended up fighting me in the finals of a small regional
tournament. I beat him by decision, but really got no satisfaction
out of beating a guy who was so out of shape. Can't remember if this
was before or after one of his kids committed suicide.
Date: Thu, 19 Nov
2009 23:49:19 -0800[email protected] [email protected] Temple University to which he had
some connection, and actually attempted to recruit me to same. I didn't take
him seriously; firstly, because he told everyone he had been a state champ
(bull s**t); secondly, because he had screwed me in a high school match wherein
I had pinned leonard pruzanzky in the first period (I had him on his back
almost the entire first period and israel gave me no back points, 2 or 3 for
near fall, let alone the pin, and just the takedown and I lost by a point on
riding time-leg ride). In an open tournament (I think Stroudsburg?), I was
looking at the seedings/pairings/chart and David came up behind me pointed to
my entry and said to the guy he was with that I had beaten his brother leonard.
Roger required our team during one Christmas break to compete
in my first and only free-style tournament. I was up two weight classes and
David won quite handily. That was the third time I had beaten Ron and frankly,
I did grind him into the mat and kick his ass for the late balance of the first
period and the remainder of the match.
The following is a
reply on facebook to someone who said I beat him in wrestle-off and
completes my
wrestling story.
Good luck to you
in all your endeavors.
Regards,
Al Peia
Thank you for your
gracious and overly humble comment. Over time, such things become less and less
important and I can't say that I actually recall that, per se. As we both know,
wrestling was never a pleasant undertaking and although I respect(ed) the
sport, I made it a point never to set foot on a mat off season. You may also
find it somewhat ironic that I actually had made the basketball team ( Hubie Brown for whom I had high regard was varsity coach and Richie
Szura the J.V. coach), which sport I enjoyed; and in a meeting arranged by Dan
Deluca (I had won a tournament in junior high and the match against the rival
Thomas Jefferson Junior High) with Coach Szura wherein Szura nicely but
candidly told me that although I had made the team, "that I wasn't the
tallest of angels" (which I thought was very funny and we all laughed) and
essentially I'd be warming the bench while Deluca guaranteed me a varsity letter for wrestling the easy matches since varsity wrestler
Richard Zocco was having difficulty making weight (he never made weight). As
trite and cliched as it sounds, it was the varsity letter guarantee that sealed
the deal (and in my mind, the prospective "help with the babes
therefrom" - actually, it was only the pretty sophomores with whom it
ultimately paid dividends so to speak - how very high school). I had a great
Coach in Roger Saunders who recruited me
to NYU (Roger and his brother Richard, a former CIA agent/mechanic, were both
national champions). Wrestling has always been an important learning experience
for me. Such a kind and humble remark as yours deserved a greater explanation.
Al
______
From: ethan lichtblau <[email protected] > Experience [email protected] >
Truly, thanks for
all your info. Interesting that you should mention Spike Israel . I am assuming that the
word "quiffy" is code for "gay". Spike was coach
at Tenafly High when I was in high school, and was
known to "like boys". Apparently he taught the Tenafly guys
only one move, the Granby roll , which they
were all quite good at, but very little else. Besides Ron in the
early '70's and Steve and Dave Yale in the later '70's Tenafly basically had no
decent wrestlers during that period. Not really sure if this was a
coaching issue or recruiting issue. Our high school (DMHS in
Englewood) had former state champ Bob Hurley (Bergenfield) as our
assistant coach and former state runner up Reggie Williams (Hackensack)
as head coach, and we also fielded very few good wrestlers during those years.
<[email protected] > wrote:
[email protected] >[email protected] >
I really appreciate your insights about this. I
never got a chance to speak to Ron about his own college wrestling
days. I only knew him when I was in high school, where he was
coaching a bunch of local high school wrestlers on a part time
basis. He was also helping out at his alma mater National championships in Judo,
wrestling, and Sombo, all in the same year. (?1972). Years later,
maybe 1985 or so, he decided to make a comeback in Judo. He cut a shit
load of weight and ended up fighting me in the finals of a small regional
tournament. I beat him by decision, but really got no satisfaction
out of beating a guy who was so out of shape. Can't remember if this
was before or after one of his kids committed suicide.
Ethan: "As
a wrestler he was no joke and you did well to beat him and are too
modest." To
reiterate: you are far too modest!
Good luck to
you in all your endeavors.
Regards,
Al Peia
RUSSIA [ The Rational Pan-European Nation ] WARNS
AGAINST STRIKE ON IRAN...
PAPER: Wall Street 'MORE profitable'... Extreme Poverty Now At Record Levels...
REPORT: Greek PM to resign today... 'Point of no return'... BERLUSCONI TO BAIL? Intrigue and betrayal in Rome... Speculation over departure roils markets... Italy: Too Big to Fail, Too Big to Save? Allies push Berlusconi to resign... 'The beginning of the end'... Italy protesters rally against Berlusconi... ... While Silvio naps Defiant Berlusconi refuses IMF bailout...
US approaches $15 trillion debt limit... CHINA: Europe induces 'sloth, indolence'...
TRUTHFUL TRASH TALK (ABOUT ISRAELI TRASH) BEHIND
ISRAELI LEADER'S BACK Report: Sarkozy calls Netanyahu 'liar' Microphones
accidently left on after G20 meeting pick up private conversation between US,
French presidents. Sarkozy admits he 'can't stand' Israeli premier [ Yes …
netansayahu! ] 12 US TROOPS KILLED... FREDDIE MAC seeks further $6 billion from
taxpayers... AIG records biggest loss since 2009... 'I will never stand for national anthem again. I will
turn my back and I will raise fist'... Judge Tosses TSA Case; Lawyer told ruling 'national
security'...
LEAVING 'FASCIST AMERICA', VENTURA OFF TO MEXICO
WHITE HOUSE REJECTS SOLYNDRA
SUBPOENA... US approaches $15 trillion debt
limit... G-20 Fails to Agree on IMF Resources... Suicide bomber targeted American NATO bus in Kabul... TALIBAN CLAIMS CREDIT... POLITICO: Two women accused Cain of inappropriate
behavior… [ Read my lips: NO NEW NIGGERS! … even a fallen despoiled nation in
intractable decline as america can do better than that; ie., wobama v. cain ?
(besides, there’s that ‘cancer problem’, amidst scandals exceeding ‘pubic hairs
on soda cans’); this is no endorsement of anyone else. As a matter of fact,
that there are two niggers vying for the presidency is a testament to how far
america has fallen. Maybe pervasively corrupt, defacto bankrupt america can
look to sub-saharan africa for their models of governance. IT’S OVER: Cain Is Done Business Insider | The scandals
swirling around Herman Cain today will be fatal to his presidential ambitions. ] ...Cain Chief Of Staff Calls On Perry Campaign, POLITICO
To Apologize... 'Chicagoland hit'... Debt Increased $203B in Oct.: $650 For Every
American... Number of Americans on food stamps rises 8% to
45,800,000... Greek Vote On Bailout Plan Due
'Within Weeks'... Fears rising about impact of euro on daily life... France, Germany demand decision... FBI moves in on Corzine's MF GLOBAL... FLASHBACK: Corzine floated for Treasury Secy... China (the rational nation financially, economically,
geopolitically) sells missiles to Iran in violation of UN sanctions (where are
the sanctions against israel/america et als for war crimes, violations of
international law/u.n. resolutions, etc.) ... Israel test-fires missile that could
hit Iran... NETANYAHU RALLIES SUPPORT FOR ATTACK... UK steps up plans for possible strike...
Greece Vote on Bailout STILL ON... Gov't 'On Verge of Imploding'... Military Chiefs Replaced... ON THE BRINK... STEVE JOBS DEAD EU leaders race to save deal... Emergency meeting in Cannes... Vote threatens Sarkozy re-election plans... PAPER: World faces years of social unrest as economies
falter... Herman Cain: The Attacks On Me Are Racially Motivated
… [There it is … the race card … riiiiight!] ... CONDI TO CAIN: DON'T PLAY THE CARD...
ISRAEL AUTHORIZES 'GROUND OPERATION' TO STOP GAZA
ROCKETS... Washington fears unilateral strike on Iran... Israel improving nuclear abilities[ War crimes
nation, illegal nuke totin’, defacto bankrupt american albatross israel keepin’
america’s direction and attention misdirected ]... NEW ORLEANS: 15 shot, 2 dead in Halloween shootings
[Yeah, those niggers really love ‘candy’ of any kind]... FLASHBACK: 'I'M READY FOR HIGH-TECH LYNCHING'... Second Energy Department-backed company goes
bankrupt... Corzine's MF GLOBAL files Chapter 11... Likely Among the 10 Biggest Bankruptcies Ever... Iran demands apology over Saudi ambassador
assassination plot charge... Palestinians win full membership on UN cultural
agency … [ This is both productive and positive! ] ... WORLD SERIES WILD! EU Officials look to Beijing, Tokyo -- borrowing
costs rocket... Cameron: London 'under constant attack' from EU... GALLUP: OBAMA APPROVAL SKIDS TO NEW LOW... FIST FIGHT BREAKS OUT IN ITALIAN PARLIAMENT... MERKEL: We should not take peace for granted... 'Significant new offer' from bondholders... EU SAVED -- BY CHINA? SUMMIT FATIGUE: Endless gatherings take toll on
leaders... Berlusconi forced into corner... FARRAKHAN LASHES OUT AT OBAMA; CONDEMNS GADHAFI
'ASSASSINATION'... AUDIO... DOOM: Fears euro summit could miss final deal... 'Unknown territory'... No bet on disaster... Finance ministers cancel meeting... Berlusconi fights to save coalition; Gov't on brink
of collapse... Greenspin: European Union Doomed to Fail... Japanese yen jumps to new postwar high... KILL BOUNCE: OBAMA MOVES UP TO 44% AT GALLUP… [I
don’t believe this poll number for even one second … this is solely a
manipulated ‘pavlov dog conditioning’number]...
Treasury considers 'new' debt security... Bank Predicts Another US Downgrade -- In Just Few Weeks...
EU 'bank failures will crash Wall Street'... Pressure on Italy... New euro 'empire' plot by Brussels... Germany's economic might sets off alarms...
Shootings up 154% in NYC ...
Defections by Senate Dems Hamper Message on Jobs... Unemployment rate rises after Obama visits NC... DNC's 2012 host state posts highest payroll losses... DC area tops income list; Avg fed employee makes
$126,000 a year…[With the exception of law enforcement, ie., FBI, fed employees
are uneconomic and almost without exception, a total waste of money]... Reid says govt jobs must take priority over
private-sector... Americans' Standard of Living Drops Sharply... Antidepressant use skyrockets... RUSSIA: GADDAFI DEATH BREACHED LAW Greece may need 60% bond writedown; EU at odds... Greeks ask God for help…[ Not granted! ]...
S&P: France Likely to Lose Top Rating... EUROPE BRACES FOR 'DOWNGRADE BLITZ'...
FLASHBACK: Gaddafi: Obama is friend... KILLED IN HOMETOWN... CAPTURED ALIVE... 'DON'T SHOOT'... Cost of Libya operation: $1 Billion... Clinton: 'We came, we saw, he died'... GRAPHIC VIDEO... FLASHBACK: Farrakhan: 'That's a Murderer in the White
House!'... HIT LIST: Obama warns other Mid East dictators THEY
COULD BE NEXT... TIMING? U.S. busts two Iranians today over terror
plot Obama was briefed about in June... U.S.
accuses Iran of plot to kill Saudi ambassador [ Oh come on!
That’s as likely as wmd’s in Iraq; or, america and israel hatching such a plot
so they can blame same on Iran. The point is, when it comes to nations that
both war-mongering israel/u.s. would love to make, not love, but war on, they’d
literally say anything; even to the point of paying anyone to say anything …
yellow cake anyone? (‘Bush and Iraq: Follow the Yellow Cake Road’ Read more: http://www.time.com/time/world/article/0,8599,463779,00.html#ixzz1aWL8TndC ‘...the White House defense, having now admitted
a falsehood in President Bush's claim, in his State of the Union address, that
Iraq had tried to buy uranium in Africa Read more: http://www.time.com/time/world/article/0,8599,463779,00.html#ixzz1aWKsd9dp ] } ENTHUSIASM GAP: Rs 64%, Ds 43%... POLL: CAIN 43% OBAMA
41%
WAR DRUMS: Obama Presses Inspectors on Iran Nuclear
Data... Iran's former president warns of possible US
attack... Day of 'Global Revolution'... FITCH: More Than Dozen Banks May Get Downgraded... BATTLE ON 'OCCUPY'... Bloomberg backs down... Giuliani [ghouliani / mafiani]: I Would've Told OWS
Protesters, 'Streets Are Not For Sleeping,' 'Rent A Room' [ from mafia owned /
‘protected’ hotels only, as per political opportunist –9/11, 9/11, 9/11-
ghouliani / mafiani ] [ the difference between the facist / neurotic approach
of ghouliani and the rational approach of Bloomberg ] ... 'PARTY' IN TIMES SQUARE! DENVER POLICE MOVE IN... 10 ARRESTED IN SEATTLE... SD CAMP DISMANTLED...
OBAMACARE ALREADY FALLING APART?
GRENADES TO MEXICO... Obama Spoke About Fast and Furious Before Holder
Claimed He Knew... SHRINK: Obama suffers from 'father hunger'... In Holder Subpoena, Issa Also Probes WH Press Aide... BOOK WARNS OF END... 'Defend The Occupation!': Protesters Ask For Sunrise
Support, Tell People To Call 311 To Complain... PELOSI UNHINGED: Republicans 'want women to die on
floor'... Obama invokes race... 'Unusual' meeting between US, Iran over plot... G20 finance ministers gather as time runs out... Spain Credit Rating Cut... Europe tempted to save Greek trauma for later... BUCHANAN: Is the New World Order unraveling? Panetta warns budget cuts will force retreat in
Africa [ Retreat? What alternate universe is this guy from … oh right, ‘the
land of fruits and nuts’ ]... CHICAGOLAND: Video captures two girls violently
beating fellow female student... Tim Holt · Top Commenter Pack of 30 girls attack 15-year-old girl for
cellphone... WAR DRUMS: IRAN CALLS 'TERROR PLOT' LIE Saudis say Iran must 'pay the price'... Hillary: 'Dangerous escalation'... Warren Buffett made $62,855,038 last year... Company still owes as much as $1B in back taxes... CHICAGOLAND: Union boss to rake in $500,000 yearly
pension... Issa subpoenas Holder... Holder ends press conference after questions on Fast
and Furious... Subpoenas for Atty Gen imminent... Belafonte: Herman Cain 'is bad apple'... Cain Fires Back: 'I Left Democrat (for the
Republican) Plantation Long Time Ago'... Afghanistan shuts down graft probe... Not a single Christian church left in country... AL-QAEDA QUESTIONS LEGALITY OF
KILLING U.S. CITIZEN TIME SHORT: UK PM says euro has just
weeks .. disaster... 100+ 'Fast and Furious' guns found in Mexico cartel
home... HOLDER ON HOT SEAT... Issa: Subpoenas issued soon... Iran calls Wall Street protests 'American Spring'... Chavez slams 'horrible repression' of U.S.
protests... Pope denounces 'inhuman' mafia... Opposition grows, hardens... GALLUP: OBAMA AT LOW... Italy, Spain Ratings Cut by FITCH; Belgium Is Put
Under Review by MOODY'S... FINANCIAL CRISIS 'WORST WORLD HAS EVER FACED'... MOODY'S Cuts Rating on 12 UK Financial Institutions,
nine Portuguese banks... DEPENDENT STATES OF AMERICA: Nearly Half Live in
Households Receiving Govt Benefit... Wall St protest expected to swell... FINANCIAL CRISIS
'WORST WORLD HAS EVER FACED' IT'S OFFICIAL: Housing bust worst since Great
Depression... Sanitation Becoming Concern... Pelosi on Protesters: 'God bless them'... LA Mayor Villaraigosa Hands Out Ponchos... Dallas Federal Reserve Targeted... Secret panel can put Americans on 'kill list'... CHICAGOLAND: Bodies double up at morgue... Post Office's Rescue Plan: More Junk Mail... College Walk Out Planned; 'Anonymous' Releases Threat
Against NYSE... Occupy Wall Street 'Stands In Solidarity' With Obama
Front Group... Stocks' massive 'melt-up' fans investor fears... Police, rioters clash in Greece as nation goes on
strike... Geithner warns Europe crisis global threat... Issa to Holder: Admit you knew... Holder changes story... DoJ quietly demotes ATF officials involved in Fast
and Furious... White House screams, swears at reporter for covering
scandal... Is CBSNEWS Silencing Reporter? Afghanistan violence up 39% over last year... REPORT: WHouse awarded $5M 'bonus' to state for Food
Stamp signup... DICK MORRIS CLAIM: 'Very Possible' Obama Will Bow Out
Of Presidential Race... 'AMERICA'S GOTTEN A LITTLE SOFT’ [Yeah! Soft in the
head for tolerating wobama’s b***s***] ' GALLUP: (wobama approval) Back in the 30s... BLOOMBERG WARNS OF RIOTS... Assad threatens to attack Tel Aviv in case of NATO
strike... Russia, China veto UN resolution on
Syria…[Rationality Prevails!]... Clashes in Saudi Arabia leave 14 wounded... Police open fire on civilians... GOP calls for special counsel to
investigate Holder... Developing... WHEN DID HE KNOW? Holder changes story about ATF gun-running op... 'Either Incompetent' or 'Misleading Congress'… [How
‘bout both! … he’s typical!]... White House screams, swears at reporter for covering
scandal... 'RECOVERY CLOSE TO FALTERING' Michael Moore: The Rich Are Out Of Control,
Kleptomaniacs And Sociopaths... Michelle Obama's Africa Vacation Cost More Than
$432,142... Daughters listed as 'senior staff'... ESPN YANKS HANK WILLIAMS JR. FROM 'MONDAY NIGHT
FOOTBALL'... LIKENS OBAMA TO HITLER... VIDEO... PUTIN EYES 'EURASIAN UNION' PAPER: China or USA? Make your choice... Greece Falls Into 'Death Spiral'...
RON PAUL FLOATS IMPEACHMENT FOR DRONE KILL OF U.S.
CITIZEN...
'YOU'RE NOT BETTER OFF'... Claims 'underdog' status for 2012... POLL: Majority expect him to lose... Cantor: Obama's Jobs Bill Dead; His 'All-Or-Nothing
Approach' Is Unacceptable... Mosque Set on Fire in Israel... REUTERS: Christie faces White House decision this
week... [ To be president of the now disunited states like no
time since the civil war, one really must want to be president. Governing new
jersey is probably the easiest political position in the world inasmuch as the
same is totally controlled. New york is a close second to jersey in those
terms, complicated only by the arrival, politically like never before, of the
wall street frauds (the fraudulent goldman era, beginning more serious than
ever politicking with rubin, paulson, etc., probably owing to their far larger
frauds for which they needed ‘protection’ in the form of ‘political muscle’ –
which they got.). The gangs of jersey, new york have a history that’s endured
in terms of impact longer than the political parties themselves; proximity to
and control of the local vote multiplied many times by the controlled
localities ‘they serve’. In jersey, you can’t get elected without the mob; in
some areas the mob controlling both parties. [ brendan byrne, who brought the
final take-over / scourge / quid pro quo, viz., the casinos, james florio,
mario cuomo (progeny andy cuomo), etc., had publically known mob ties. Less
conspicuous would be the likes of old money play-along tom kean, whose
desperation to breathe life into the moribund political career of his son is
evident to all; including his cover-up report on the 911 incident which was
probably the worst of its kind since that other non-jurist, politician / former
governor of California warren report / cover-up of the coup d’etat / JFK
assassination. Just who are these so-called ‘conservatives’ holding back
funding while urging jersey christie’s run ‘for the gold’. No … I couldn’t care
less about his girth, the goodyear blimp / humpty dumpty jokes, etc.. Yet, one
has to wonder why a prior decision, given even further consideration upon God
knows who’s self-interested prompting, is suddenly firm today yet malleable
tomorrow. Forbes, (and hannity I suspect), of jersey himself (themselves) seems
close to this yet one still must wonder ‘what the deal is’. More importantly,
for jersey (n.y.) candidates, ‘with whom’. That wobama, as a black man
realistically / potentially viewed as the ultimate outsider, would make
promises that got him elected, yet renege on nearly all of same is a testament
to how totally controlled these gutless politicians are and proving how such
lack of courage spells not only their own unequivocal failure (wobama as bush
failure 3, et als), but certainly for that of the nation as well ( Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has
promised to hold Wall Street accountable for the meltdown.’ THE OBAMA
DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ). Quite simply, there is really
no good reason why a jersey politician should change his mind about something
that should be at one with the person himself. After all, we all must at least
assume jersey governor Christie is a man of reason who previously made an
unequivocal, publically announced, widely covered decision for what must be
assumed a good reason. ]FORBES: CHRISTIE DECISION WITHIN 72 HOURS...
CLASH ON BROOKLYN BRIDGE... More than 700 arrested in 'Wall St' protest... Dozens cuffed in Boston after targeting BANK OF
AMERICA... Protests spread across USA... Los Angeles... Chicago... Denver... Seattle... Greece to Miss Deficit Targets Despite Austerity... 'Leaders are pushing the world into Depression'...
Al Sharpton's office admits handing out possibly
bogus stimulus check forms...
Iran Supreme Leader: Palestinian UN statehood bid
doomed to fail... Hamas: 'Resistance' against Israel is only option
left... STOCKS SUCK... Wall St. ends rotten quarter in sour mood... Dow Notches 12% Drop... No Rise in Home Prices 'until 2020'... Feds: SOLYNDRA Won't Reveal Contracts, Customers or
Exec Bonuseslt (typical american boondoggle) ... DOE pushing ahead with $5b more in solar loans (another american boondoggle) ... Strikes hamper Greek rescue effort... Sarkozy, Merkel to Meet... $200K Per Job? Geithner Says White House Plan Still
Bargain … [ Riiiiight! .. In what alternate reality beyond political
desperation mode? ] ... GERMANY SLAMS 'STUPID' US PLAN FOR EURO... CHAOS: THOUSANDS LINE UP IN PHILLY FOR FOOD STAMPS... Protester calls Obama 'Anti-Christ'... Fundraising plunges... 'Titanic struggle' for re-election... Axelrod: Obama faces 'titanic struggle' weight of
pervasive corruption, defacto bankruptcy, and fatal, immutable structural
flaws! ] }CA CITY HAS 32.4% UNEMPLOYMENT RATE! POLL: Paul beats Obama 51-49... COPS: Mob of girls charge house after high school
fight; 2-year-old girl shot... DEM GOV. CALLS FOR 'SUSPENDING ELECTIONS' … [ the
wobamanoid plan … for even greater nation-breakin’ disaster! ]... Former Obama budget director: 'We need less
democracy' to 'counter gridlock' [ How desperate, these wobamanoids… How
pathetic! ] ... Split over Greek bail-out terms... NOW IMF NEEDS BAILOUT! PUTIN FOR LIFE... Police in Moscow raid bank of political opponent... Finance chief rebels... Merkel: Greek default would destroy faith in
Europe... French left seizes Senate majority, hurts Sarkozy... Plan B: Flood markets... S&P: Larger Fund Could Weigh on Ratings... SIX WEEKS TO SAVE THE EURO... IMF to increase resources to more than $1 trillion... Wall Street protesters pepper-sprayed, cuffed... 90 arrested... VIDEO: Wild scene... Catalonia's last bullfight … [How wise, and nothing
less than what one would expect from the place that has given rise to among the
greatest artists in the history of this world.] ... PAYBACK [ Retaliation ]: S&P Could Face Legal
Action From SEC Over Ratings... SUMMER SALE: Dow plunges 391 points... Global markets tumble 4%... ZOELLICK: 'World in danger zone'... SOROS: USA already in double-dip... Abbas moves for statehood... 'We shall not recognize a Jewish state'... NETANAYAHU is a 'Theater of the absurd'... Calls UN 'House Of Lies'... CLASHES IN WEST BANK... LIVE... Pakistan warns US: 'You will lose an ally'... SHUTDOWN: Harry Reid kills bill to keep gov't
running... Postpones disaster relief vote... ...for Dem party, fundraiser at island retreat! BLOW: Obama fundraiser got $107m in federal tax
credits for wind power... Credit stress 'reaches pre-LEHMAN danger levels'... BAD BLOOD: Bill Clinton: Netanyahu killed peace
process... GLOBAL SYSTEM UNDER PRESSURE... GALLUP: 55% DISTRUST MEDIA... Palestinians Delay Call for Quick Vote... State bid 'only alternative to violence'... UN chief urges Israel 'restraint'... Obama re-affirms desire for Palestinian state... Venezuela, Cuba defend Iran... IMF warns on global financial system... MOODY'S downgrades three US megabanks... Man returns with shotgun after TACO BELL worker
forgets hot sauce... IHOP Hires Bouncer To Control The Rowdy... Approval Among Liberals Hits All-Time Low... LIBS VOW PRIMARY CHALLENGE AGAINST
OBAMA IMF WARNS: INTO THE DANGER ZONE... ...warns of USA 'lost decade' USA building secret drone bases in Africa, Arabian
Peninsula... Chavez: Israel committing genocide... Iran: Israel killing our nuclear scientists... Palestinian move hits Dem vote base; Republicans woo
Jewish electorate... Israel Floats 'Interim Solution' To
Palestinian Statehood Debate … [ Half measures will not do! Too much time,
resources have been wasted! Time for the ‘final solution’… the choices:
peaceful or non-peaceful; rational or irrational; reasonable or unreasonable!
There has been nothing to have changed the reasonable expectations created by
secretary of state clinton herself in espousing this administration’s
unequivocal position espousing Palestinian statehood! ] ... REPORT: SOLYNDRA
execs to plead Fifth... HOUSE TO PROBE
OBAMA ACTIONS ON GOV'T LOAN... Second witness
says White House tried to steer testimony... Air Force general claims he was pressured... WIRELESS: Obama invested in Falcone-funded Co.... FLASHBACK: 'I thought about going to Warren Buffett,
and I decided it would be embarrassing I only had $100,000'... CHICAGO TRIBUNE: Why Obama should withdraw from 2012
race... Black Caucus chairman: If Obama wasn't president, we
would be 'marching on the White House'… [ Which means typically, reasonably as suspected, the black caucus is
racist and without any credibility whatsoever; particularly in their support of
wobama, ‘the last negro’ … What an insecure, jive-talking, stereotypical dismal
failure wobama’s turned out to be … he’s totally pathetic … he’s proven to be
just another of his type who’s gotten by on b***s*** and ‘special understanding
/ consideration’ his entire life … yes,
the last negroe! … wobama’s basically re-running his last and now endless
campaign expecting all to believe him this time around … this last negroe! ]
... OBAMA'S JOBS BILL WON'T BE READY UNTIL NEXT MONTH, AFTER ANOTHER VACATION ... $3 in tax hikes for every $1 in spending cuts... NEW BOOK TELLS OF DISCORD IN OBAMA ECONOMIC TEAM... Women 'excluded and ignored'... REPORT: Rahm threatened to burn down house of
statehouse foe... Protesters hit Wall Street... 'US Day of Rage'... Cops Lockdown
Wall Street From Day of Rage Protesters $1,500,000,000,000 IN NEW TAXES GREEK BLEAK... WREAK... RETIREE BENEFITS FOR THE MILITARY COULD FACE CUTS... Fed Expected to Launch New Program as Europe Boils... Europe digs ever deeper debt hole... Palestinians demand statehood... Holy Land clerics bless... Jewish groups worried by Vatican gesture... Obama faces awkward dilemma... NYC security on alert for UN assembly... Emergency meetings to avert Palestinian crisis... TURKEY PROPOSES PARTNERSHIP WITH
EGYPT... VETO THAT COULD CHANGE THE WORLD... Palestinian leader ignores US warnings on UN
statehood... Israel ups West Bank forces... Anti-Israel subway signs in NYC spark religious war
of words... Geithner warns EU of 'catastrophic risk'... Europe bristles at lecture... US could be on hook for bailout… [ Come on! Let’s get
real here! Pervasively corrupt, defacto bankrupt america can’t even bail itself
out! ] ... Eurozone possible nightmare scenarios... NEW 'WAVE OF FORECLOSURES'... BIG JUMP IN JOBLESS CLAIMS... INFLATION RISES... SOLYNDRA among 5 stimulus firms to go under... Intimidation / Bullying: israel warns of 'harsh'
consequences of Palestinian UN bid... Wobama: ‘GIVE ME A WIN, GIVE ME A BREAK, LOVE ME!' Cherokee Indians say they can kick blacks out of
tribe… [ This should go without saying; after all, while blacks may be u.s.
citizens, they’re certainly not Cherokees … let’s get real here – let the u.s.
government retroactively honor their many treaty obligations / violations to the native inhabitants of this
land from whom such lands were stolen! ] ... Geithner: Economy In 'An Early Stage' Of Crisis... 'Hoping for sometime' to get fired... Dem Rep: Americans don't deserve to keep all of their
money... MOODY'S downgrades 2 French banks... International alarm over euro zone crisis grows... Europe's banks staring into abyss... PLO: Palestinian state to be Jew-free [ Sounds like a
Plan … for peace, peace of mind, and prosperity! ] ... BILLIONS AND BILLIONS: GE to Buy Back Shares From
Buffett... Rumsfeld cancels NYT subscrip over Truthful Krugman
piece... 100 protesters burn American flag outside U.S.
embassy in London... Israel facing 'diplomatic tsunami' with Arab neighbors...
Crisis threatens Mideast ties... US pleas ignored as mob attacked... Warning of 'orderly default' on Greek debt... KRUGMAN: Bush, Giuliani 'fake heroes' who cashed in
'on horror'... BUSH [ Yeah! bush indeed knows all about this because he
is evil and lacks courage! ]: 'One of the lessons of 9-11 is that evil is real,
and so is courage'... $447B JOBS BILL: $421B FROM TAXPAYERS... BILL SHIFTS INCOME CUTOFF DOWN TO $200,000... JUST $40B COMES FROM OIL, GAS TAXES... TAB FOR CORP JET OWNERS: $3 BILLION... Obama to Tout Jobs Act at Donor's Company... ITALY TURNS TO CHINA FOR BAILOUT Jordan Abdullah: Israel situation more difficult than
ever... [ Op-ed: israel
doesn’t really want peace http://www.ynetnews.com/articles/0,7340,L-4118832,00.html ]Russia supports Palestinian statehood... U.S. BOOTS ON THE GROUND IN LIBYA... NOONAN: We'll Never Get Over It... NYPD launches Its Own Navy, 1,000-Man Army, Tanks... 'Dirty Bomb' Fears... NBCNEWS TWITTER account hacked, published fake terror
alert... Egyptian protesters pull down Israel embassy wall … [
Congratulations! Well Done! ] ... STOCKS SLAMMED... Obama jobs package fails to lift spirits... Global slide... Berlusconi says has 'no power' as Italy crisis bites... Greek PM to give speech amid hostility... World Enters 'Dangerous New Phase'... 'Collectively suffering a crisis of confidence'... FBI raids Obama-backed solar company... SOLYDRA reps made 20 trips to WH before $500M
award... Fed court tosses out 2 challenges to Obamacare... Panel of 3 dem-appointed judges, including 2
appointed by Obama... Afghan journalist killed by US soldier... ANOTHER $300 BILLION... 'It might not create a single job'... Makes 'whopper' claim about middle class tax cut... CARNEY: 'I'm going to shuck and
jive'... TV stations pick football over another Obama jobs
speech… [ Indeed they should .. wobama’s total b***s***! ] ... ACLU to sue over welfare drug testing… [ No
constitutional issue here .. Reason? Welfare isn’t a right! Moreover, such a
law deters those who would fail such a test from applying which therefore
understates the prevalence of the abuse in these difficult fiscal / economic /
budgetary times ]... California Employment Level Sinks to Record Low ... Iceland says it was 'bullied' over bank debt... 46 People Shot In NYC Over Holiday
Weekend... Gunfire erupts near Bloomberg in Brooklyn... 7 Killed in Chicagoland... 40% of Europeans 'suffer mental illness'... Gunman unloads inside IHOP... 9 shot, 3 killed... 2 dead were National Guardsmen in uniform... NO REAGAN, NO CLINTON... Another all-time low... US on wrong track say 75% -- of Californians! Redford disappointed: 'I'm beginning to wonder just
where the man stands' … [ I believe Robert Redford would be a very good and
potentially great President! (nothing to do with his position on the
environment) ] ... Stocks Lose for Week as Recession Fears Grow... Roubini: We Are in 'Worse Situation' Than '08... More and more Americans call long-stay motels home... USA: $10 TRILLION IN DEBT…[ Far more than that is the
reality ]... Gov't Battles Copper Thieves... Miami Proposes 'Task Force' To Combat Thefts... FAKE CITY WORKER ARRESTED STEALING IRON GRATES... Power lines in Indiana stripped.... China state paper urges Internet rethink to gag
foes... Obama Calls for Extension of Gas Tax... Hits all-time low approval among women... SUMMER BUMMER: Stocks Log Worst August in 10 Years... Solar company touted by Obama closing -- despite $535
million from feds... 1,100 'green jobs' gone... POVERTY IN PARADISE: Joblessness in some parts of
Vegas exceeds 20%... RANGE DAYS: 3D head-mount like 'sitting in
theater'... August deadliest month for USA in
Afghanistan… [ 66 u.s. soldiers killed ]... FINAL 'FINAL' BATTLE IN LIBYA... REBELS GIVE GADDAFI UNTIL SATURDAY TO SURRENDER...
ISRAEL MOVES SHIPS; IRAN MOVES
SHIPS Russia, China wisely, rationally resist U.N. Syria
sanctions push... Ron Paul: Mobs In Europe A Sign Of Things Coming
(already here)... Euro bailout in doubt as 'hysteria' hits Germany... German Chancellor Angela Merkel no longer has enough coalition votes in
the Bundestag to secure backing for Europe's revamped rescue machinery,
threatening a consitutional crisis in Germany and a fresh eruption of the euro
debt saga…’ GALLUP: OBAMA DISAPPROVE HITS ALL-TIME HIGH... NY economy takes huge hit... ALARM: CHRISTIE SAYS DAMAGES IN BILLIONS, 'IF NOT IN
TENS OF BILLIONS'... Mental illness rise linked to 'climate change'... Teen girl paralyzed, 10 others wounded at 'Drama
Free' party... ‘A Queens party advertised on Facebook and Twitter as "Drama
Free" turned into a shooting gallery early Saturday. Eleven young people
were shot, including a teenage girl left paralyzed, when a gunman opened fire
into the crowd. About 100 people were packed into the backyard of the
single-family home on Inwood St. in South Jamaica shortly before
1 a.m., when the shooter sneaked up a back alleyway and opened fire into the
yard through a chain link fence…’ Read more: http://www.nydailynews.com/news/ny_crime/2011/08/28/2011-08-28_11_shot_at_drama_free_qns_party.html#ixzz1WOiqvmx3 China jails Tibetan monk for 11 years... Gaddafi 'seen in Zimbabwe on Mugabe's private jet'... BUFFETT BUYS BILLIONS IN BANK... EARNS $280M -- IN A DAY! Obama called Oracle of Omaha before big buy... Buffett to Host Fundraiser... Fukushima radiation leaks 'equal 168
Hiroshimas'...
New home sales on pace for worst year in history... NATIONAL DEBT RISES BY $3 MILLION EACH MINUTE... Obama sets record: $4,247,000,000,000 debt in just
945 days... STEVE JOBS: iRESIGN LETTER... [ More than just a ‘Silicon Valley legend’, Steve Jobs literally saved
Apple from extinction … I’m truly glad he saved Apple, my first computer (1986
- apple IIc for word processing / data based records / forms / templates / data
which I interfaced with an electric typewriter for letter quality) and for that
all should be thankful. Apple is the Nasdaq (40% weighting) and quite more,
that now was! ] YORK: Spending, not entitlements, created huge
deficit... $500,000 federal stimulus grant created 1.72 jobs... GE cutting more jobs... FLASHBACK: Moving X-ray business to china...
Strong East Coast quake highly unusual... DETAILS... Felt from Toronto to Atlanta... Epicenter VA... Felt In Chicago... Airports Close... CELLPHONES OUT... Nuke Plant Shuts Down... VIDEO: Vacant White House Shakes... VIDEO: Obama Takes Quake Call on Links... Stones fall off National Cathedral... WASHINGTON MONUMENT 'TILTING'?... HOMELAND SECURITY'S QUAKE ADVICE: DON'T CALL...
5.8 MAG QUAKE ROCKS DC-NYC SEE YOU IN SEPTEMBER... Buchanan: The view from Martha's Vineyard... ‘As he and his daughters bicycle around the summer playground of the
Northeastern elite, Martha's Vineyard, President Obama is steadily bleeding
away both the support of the nation and that of his most loyal constituency.
Several times, his approval rating in Gallup's daily tracking poll has sunk to
39 percent, with disapproval reaching 54 percent. Support for his handling of
the economy has dipped to
the mid-20s. Only 11 percent of Americans, says Gallup, are satisfied with the
way things are going. Unemployment remains at 9
percent, as it has for two years. The Dow has lately lost 2,000 points, or $3
trillion in wealth wiped out. All that money the Fed pumped out is now being
reflected not only in the price of gold, silver and Swiss francs, but in rising
consumer prices – inflation. One in five U.S. children is living in poverty…’ SANTORUM: 'maxine waters is vile' [ she’s worse than
that, and a total embarassment for america and california particularly! ] ... Maxine Waters: 'The tea party can go straight to
hell'... Tea Party fires back... MORGAN FREEMAN TELLS OBAMA TO 'GET PISSED OFF' [
sounds like a plan … nigger to nigger … the nigger plan! ] ... Philadelphia extends curfew after flash mobs [ new
u.s. Christmas carol – ‘america’s beginning to look a lot like sub-saharan
africa, everywhere you go’ . They are beasts of burden at most who are a burden
to most at best … you’ll never change
the nigger who evolved only to a point! Think about all those ‘make-work’ jobs
for niggers that serve no real economic purpose; ie., federal, state, local,
uspostal service, etc.. And, they can’t even do those jobs reliably,
efficiently. Niggers are a drag on civilized society! ] ... Black congresswoman blames
black unemployment on 'racism' (riiiiight! The race card … how ‘bout reality)
... 'The real enemy is
the Tea Party'... 6 shot at youth
b'ball game (black violence in ‘the city that loves brothers’ – Philly)... 'REGIME COMING TO END' Unit protecting Gadhafi surrenders... Libyan Rebels 'Capture Son'... 'End of regime in 10 days'... '1,300 dead' in attack on Tripoli... NATO racing to wrap up... UPDATES... AL JAZEERA LIVE... NEXT: Syria warns against military
intervention... REVEALED: Wall St Aristocracy Got $1.2 Trillion in
Fed's SECRET Loans...
OBUMMER SUMMER: DOW DOWN
ANOTHER 400 JOBLESS CLAIMS UP... Inflation rising fast... Treasury Yields Fall to Record Lows... What went wrong with global recovery? Police scramble to fight flash-mob mayhem...
TROOPS IN AFGHANISTAN 'UNTIL 2024'... GM says bankruptcy excuses it from repairs... GOV'T MOTORS stock hits new low... Dollar Sets New Record Low Against Yen... Putin Calls USA 'Parasite'... israeli raid strains ties between Egypt and israel... Ridley Scott to direct new version of 'BLADE RUNNER'... NASA REPORT: Aliens may destroy humanity to protect
other civilizations … [ Naah! Really don’t have to .. confined to this solar
system, by hand of God or man, we’re only talking decades at most ] ... APPROVE: (now 39%) 42% Return of Mass Layoffs a Grim Sign... MOODY'S Cuts U.S. Growth Outlook... WALMART warns on US economy weakness...
BELOW 40% WORST WEAK Putin sets sights on Eurasian economic union... Gorbachev: I should have abandoned Communist party
earlier... 'MAGICAL MISERY BUS TOUR'... 'Greyhound One'... Armored Buses Cost $2.2 Million... BLACK CAUCUS ON OBAMA: 'WE'RE GETTING
TIRED' ]
New low of 26% approve of Obama on
economy...
Inflation builds... FOOD PRICES RISING... UNEMPLOYMENT UP...
OBAMA TO LAY OUT JOBS PLAN -- AFTER VACATION... 'Takes More Vacations Than Any Human Being I've Ever
Seen'... Commiserates with jobless, then off to the
Vineyard...
Roaming Pack of Thugs Attacks 64-Year-Old Man, Steals
His Bible [ Yes, you guessed it! The thugs … they’re niggers! ] ... Obama: I Reversed Recession Until 'Bad Luck' Hit...
OBAMA'S GREEN PET GOES BANKRUPT... Got stimulus cash, promised 800 jobs...
Kansas City mulls curfew after racial attacks... Mayor gets shoved to ground when gunfire erupts... VIDEO... Flash mob robs DC-area 7-ELEVEN... Boy Stabs Girl At Philly Mayor ANTI-VIOLENCE Event...
Detroit Police No Longer Responding To Automated
Burglar Alarm Calls...
AP: Ron Paul no longer 'fringe'... 'Shafted' by media...
RON PAUL WEEKEND WINNER IN AMES?
TEEN UNEMPLOYMENT HITS 50% IN
DC
CONSUMER CONFIDENCE CRASHES... Lowest since Jimmy Carter...
APPEALS COURT: OBAMACARE UNCONSTITUTIONAL... Dem Judge Rules Against Obama's Signature
Achievement... 'Unbounded assertion of congressional authority'...
Emergency Decree: Italy Approves Tough Austerity
Measures... Developing... RIOTS BREAK OUT AROUND GLOBE AMID ECONOMIC ANXIETY
Dollar Tumbles on Fed Pledge; Swiss Franc Soars Most
Since 1971...
Merkel faces revolt over eurozone deal...
Philadelphia Implements Strict Curfew To Combat
Violent Mobs... MAYOR TO BLACK YOUTH: 'You have damaged your own
race'... OBAMA APPROVE HITS NEW LOWS... 'There is something wrong with our politics'[ Yeah!
You, among many others! All those false campaign promises, etc.! ]
...
6 YEAR OLDS CAUGHT WORKING ON FARMS... Thirty-year Treasury yields rise most since 1980s... CHICAGOLAND: State can no longer afford to bury dead
poor...
Feds Called In To Curb 'Wild West' Violence In E. St.
Louis... REPORTS: Olympics ambassador is London rioter! 5 more US troops killed in
Afghanistan...
SAVE THE EURO: Sarkozy, Merkel in emergency
meeting...
HYPERSONIC PLANE LOST (What was the cost?) ... REPORT: ENTIRE US STEALTH FLEET GROUNDED...
OBAMA CONSIDERS BECOMING NATIONAL LANDLORD... Still going on vaca... Approval: 40%... Highest approval among Muslims... WRONG TRACK: 73%... Obama Marks Ramadan with Iftar dinner...
BANK STOCKS PLUNGE... MOODY's warns states, local govts... Treasury sells 10-year notes at record low rate...
SONY 'CLASSIFIED' BIN LADEN MOVIE; WHITE HOUSE REJECTS FAVORS CLAIM
UK locks down as nights of unrest spread... Manchester riots on scale not seen in 30 years... Rioters rob people on street, force them to strip
naked... DOW -634... CURSED: S&P falls 6.66% IT TANKED AS HE TALKED... BARACKALYPSE NOW
CHINA: Dollar to Be 'Discarded' by World... Lectures How 'Good Old Days' of Borrowing Have
Ended... NOW BUFFETT DOWNGRADED! Tel Aviv stocks fall 7% after USA debt downgrade... Nikkei drops 2%... Wall St braces... European leaders scramble to calm investors... S&P: 1 in 3 chance USA will fall ANOTHER notch! Recession without shock absorbers... Gold soars above $1,700... PRE-MARKETS... DEVELOPING... BLOODY WEEKEND
USA DOWNGRADED: FIRST CREDIT RATING CUT IN NATION'S
HISTORY... DETAILS [.PDF FILE]... DEMOCRATS CALL FOR HIGHER TAXES...
CHINA: 'Good old days' of borrowing are over...
LONDON BURNS... ...the underclass lashes out Violence continues... Rioting spreads beyond capital... DAY 3...
Riot Hits London After Police Shooting... ...shops looted RAMPAGE... Fears of more... DOWNGRADED! DETAILS [.PDF FILE] FLASHBACK: 'No risk' USA will lose its top credit
rating, says Treasury's Geithner … [ Well, we all know the powers of foresight
possessed by ‘no-recession-helicopter ben’ and tiny tim geithner ] ... FOOD STAMPS: Record 45.8 million dependent... One in seven Americans...
Postal Service warns it could default…[ No surprise
here .. the usps is totally unreliable! ] ... Post Office proposes cutting 120,000
jobs, pulling out of healthcare plan …[ Let UPS take over the usps! ]... Controversy over White House 'Hip-Hop BBQ'...
'Mob' beatings at WI state fair... 'Hundreds of young black people beating white
people'... [ Typical n*****s! Good thing there are food stamps;
otherwise they’d be reverting to their inherent proclivity for canabalism (send
them back to africa … even give them a lump sum for an irrevocable repatriation
incentive … a huge cost-saving beyond the first year with substantial salutary
effects for the nation, the economy, and the remaining civilized non-blacks).
The other major crimes they do anyway. It’s their nature. You’ll never change
the nigger … they evolved only to ‘a point’ and no further. ] Fairgoers 'pulled out of cars'... 'They were just going after white people'... Heightened security...
[ I refrained from using the ‘n word’ (or even blacks / negroes) in
referring to the culprits in the following two incidents (those tender
sensibilities) but I’m sure you’ve guessed that they were niggers and I include
same here in light of the foregoing incident (and yes, the victims were white),
which is typical. ‘.. while walking through Military Park (a sliver of a “park”
- more a pedestrian thoroughfare/cement walks) in newark, new jersey on the way
to the bank during lunch hour, I heard the clearly audible screams/cries of
what turned out to be an old lady on the ground with blood streaming from her
mouth. I ran toward the sound of the cries, the source of which I could not see
because there were so many people in and about this thoroughfare so as to block
any vision of the source of the cries. When I came to the woman, on the ground,
blood streaming from her mouth, I asked what happened, to which she responded
she had been hit in the mouth and knocked to the ground, her purse stolen/put
inside her shopping bag, and she pointed out the criminal casually now walking
across the main street. Nobody stopped to help her, many having passed her by.
I slammed the thug to the ground so hard that, in light of all the blood and
confusion (limbic system / adrenalin flow) I thought I had been stabbed (the
blood was from his elbows hitting the pavement so hard - no one helped / a
crowd gathered / an undercover cop happened along). When I testified at the
Grand Jury Proceeding I made sure his threat on my life was set forth in prima
facie fashion so as to maximize the DA’s position with both felonies ( he went
to prison – pled out ). The other case I wrote about here ( This was included
on my website in the Psychology forum discussion of ‘bystander effect’ /
diffusion of responsibility. ) - Having had occasion to have run down a mugger
in newark, n.j. who apparently had followed a girl from the bank on her way to
the bursar to pay tuition, though in pretty good shape, I was astounded by how
totally exhausting such a pursuit was, how much like rubber my arms were when I
traded punches with the perpetrator, and truth be told, if I had a flashlight
on my belt, I have little doubt that I would have probably used it to subdue
the perp (a police officer here in California was the object of intense
criticism for having used a flashlight to subdue a criminal / nigger after a long chase so I included
that here) . The girl was not that seriously injured, did get her pocketbook and
tuition back, and the criminal / nigger went to jail (where they belong). The
other thing about such a pursuit that amazed me was that no one else assisted
the girl or me despite being in a position to do so. I was also mugged by 4
niggers and 2 hispanics in an incident here in Los Angeles, CA. But, to be fair
and balanced, the RICO litigation involves those uncivilized who consider
themselves ‘whites’ http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
(predominantly but not exclusively jews / romans-italians / mobsters /
government slugs). ]
UGLY!
DOW PLUMMETS 512... OBAMA HAS BBQ COOKOUT... GAINS FOR YEAR GONE... 'CORRECTION'... PANIC RIPS THROUGH GLOBAL MARKETS... Intervention fails to quell nerves... 'NOT SINCE JIMMY CARTER'... Military money on chopping block...
Grim economic news clouds Obama 50th...
Two-year Treasury yield drops to record low... RACE TO CASH: Bank imposes fee on rapidly growing
deposits... DEM RUNS FROM OBAMA... Leaders Issue Warning on Joblessness...
Woman dies from heat after AC stolen... San Fran tourist mugged of money, clump of hair... RENTER STEALS AC, SELLS FOR GAS MONEY... HUMAN HAIR TRADE SURGES... Bronze Dog Statue Stolen From Humane Society... Thieves steal school's bleachers! Mom Arrested For Robbing Girl At Gunpoint -- For
Bike... 10-Year-Old Boys Held Up For Sneakers At Summer
Camp... MOODY'S: 'NEGATIVE'
Massive rout spells trouble for Wall St...
Europe on Brink of 'Major Financial Collapse'...
DOW PULLS OFF A WIN! Scary Chart Pattern Suggests More Selling on Way... Economy struggles to find footing... Obama, Bernanke out of ammo to boost jobs, growth... Gold at $2,000 by year-end...
MORNING AFTER:
BORROWING TOPS 100% OF GDP
European leaders feel the strain... Berlusconi fails to stem rising panic... 'The coming crises of governments'... Silent bank run hits Greece... ...exodus Italy under fire... Pain in Spain... Woes Get Messier...
DEBT DEAL BACKLASH: LIMBAUGH: A Total Waste of Time and Effort... SAVAGE: America has been 'hoodwinked'... DAILY SHOW: Where are the Tax INCREASES? FT: Obama's image takes beating... Ron Paul Sounds Alarm on 'Disturbing' Super
Congress... DER SPIEGEL: 'Civil War Atmosphere' in Washington...
Dollar falls to all-time low against Swiss franc...
PUTIN: USA 'parasite' on global economy... [Unfortunately, this is very true. More unfortunately is
the fact that most worldwide don’t realize that fact! I mean, think about it:
pervasively corrupt, defacto bankrupt america’s cancerous perma wars, over-printed debased ‘Weimar’
paper ‘reserve’ currency, huge frauds in securities and otherwise, etc.. ]
House approves debt deal -- day before deadline! Borrowing to surge after cap raised... May not save AAA rating...
BIDEN [‘Lobotomy Joe’]CALLS TEA PARTY 'TERRORISTS'
Manufacturing drops to lowest level in two years... 'Double Dip Here'... RI Town Files for Bankruptcy...
Dog Airlifted Out of National Forest After Growing
Too Tired to Finish Hike...
SURVEY: Internet Explorer users have lower IQs...
GOP REVOLTS
Obama Threatens Another Veto... Just hours after urging compromise... Carney Admits Obama Has No Plan...
OBAMA'S BASE CRUMBLES
BALL IN YOUR COURT, HARRY[, aka Mr. Milktoast, aka
Majority Leader of Harry’s Wh*r* House]!
SWEAT CEILING: House approves debt bill... NO! 22 REPUBLICANS BUCKED BOEHNER... DC racing against clock...
HARRY BELAFONTE: Obama 'has failed'... NOONAN: 'HE IS A LOSER'... GALLUP: 40% APPROVAL...
Obama takes debt battle to TWITTER, loses more than
33,000 followers... NYT reporter advises WH staff?
Illegal Aliens Head South to Mexico in Search of
'American Dream'... 4.9% unemployment in Mexico vs. 9.4% in US... Black Middle Class Eroding As Unemployment Rate
Soars...
CHAOS... CLOCK TICKING... NO PANIC... THE VOTE: 'TEA PARTY' IN CHARGE! Boehner Delays Vote on Debt... Limbaugh: We've Been Played... GALLUP: Obama Rates Higher Than Boehner, Reid on Debt
Situation! Ron Paul: 'Default Is Coming'... Treasury Contingency Plan on Debt Gives Priority to
Bondholders... Carney: If We Have No Other Alternative We Will 'Take
Action'... Obama faces legal bind if time runs out...
PELOSI: 'We're Trying to Save Life on Planet as We
Know it'… [ Riiiiight! Keep feeding those perma wars despite bankruptcy of this
nation … Is life as she knows it on this planet really death? … Why does
‘doo,doo,doo,doo’ to the tune of Twilight Zone Theme come to mind when hearing
her total b***s***?…Oh, riiiiight! She’s caught wobamanoid fever ] ... 6 days from 'default', both sides scrambling... FURY OVER STALEMATE BOILS OVER...
House Dem leader urges Obama to raise
debt ceiling without Congressional approval...
SHOCK POLL: 46% Think Most in Congress Corrupt... WASHPOST/ABC: Blacks, liberals flee in droves... SANDERS: Obama should face primary challenger...
The Immelt Way: WH Advisor on Jobs Moving GE X-Ray
Business to China... OBAMA SECRETLY SIGNALS BANKS: 'NO
DEFAULT'... WH to FOXNEWS: 'Tell your viewers there's nothing to
worry about'... BORGER: 'Nobody today is talking about tax increases
-- except Barack Obama'... TWT: Liberals hijacking Reagan to raise taxes... PANIC: WH'S PFEIFFER SAYS DEFAULT COULD LEAD TO
'DEPRESSION'...
CA seeks bridge loan to pay bills... Guv OKs financial aid for illegal aliens... Brazilian currency at highest level since '99... USA Can Avoid Default 'at Least Until September'... Obama still pushing for tax hikes... Endorses New Plan with 'Sham' Savings... 'Cuts' include money not spent in Afghanistan over
next 10 years... BOEHNER: Plan 'full of gimmicks'...
'DOING THINGS ON MY OWN VERY TEMPTING' Widest wealth gap between whites,
minorities on record … [and they’re thanking ‘wobama the b’ (for b***s***)] ... DEPENDANT STATES OF AMERICA: Geithner
Warns: 'We Write 80 Million Checks a Month'...
BOEHNER TO OBAMA: 'CONGRESS WRITES
THE LAWS, YOU DECIDE WHAT YOU WANT TO SIGN'... ...President 'worried about his next election'
...Putin considering Kremlin return Pelosi splits, heads to fundraiser... CNN: OBAMA LOSING LIBERALS... Farm thieves target grapes, avocados -- even bees... Thieves target ambulances... Thieves Steal 100 Storm Drain Covers In Sacramento... RASMUSSEN SHOCK POLL: Obama 41% Ron Paul 37%...
DEBT DEAL DEAD... BOEHNER WALKS...
80+ DEAD IN NORWAY
Terrorism shatters peace in home of Nobel prize... NYT: 'Helpers of Global Jihad' claim... Fake cop opens fire at youth camp... 'Tall, blond, of Nordic looks'... REUTERS UPDATE... BBC LIVE... Obama, Boehner discuss new debt plan... Developing... PRESSURE: S&P renews warning...
SCORCH: HIGH TEMPS TO LAST WEEKS... Now covers 1 million sq miles... NEW YORKERS WARNED TO EXPECT ROLLING OUTAGES...
Rolling Blackouts Begin In Detroit...
Fears mount about 'Big Brother' database in
Massachusetts... Florida made $63M selling names, addresses, dates of
birth... Latin America Lectures US over Debt Crisis... US talks get 'messy'... Obama now open to short-term deal...
Euro meltdown: Sarkozy jets into Berlin for crisis
talks with Merkel... 24 HOURS TO 'SAVE GREECE'...
Ron Paul: 'We Will Default, Debt Is Unsustainable'... DEAL: SENATE HUDDLES TO HIKE TAXES... Obama praises... RESTATES THREAT TO VETO SPENDING CUTS... LIBS EYE DEEP CUTS TO NATIONAL DEFENSE...
Cash-Strapped Connecticut Fire Sale, To Axe 365-Year-Old Ferry, Nation's Oldest...
OBAMA MAKES JOKE; NO ONE LAUGHS...
Gold Has Longest Run of Gains Since 1980... Gas prices on the rise; top $4 in eight states...
Cash-Strapped SF To Shutter Courtrooms; Lay Off 200 Court
Workers (and yet another feinstein? From direct experience with the superior
courts of california, no loss here, and eliminating them entirely not a bad
idea in light of their costly corruption as in the federal system! )... DEM FLASHES RACE CARD IN DEBT DEBATE... UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases against Wall Street lag
despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America Is a Failed State
Because It Won’t Prosecute Financial Crime Washington’s Blog Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins
Oscar for Documentary on the unprosecuted massive extant fraud in the (many)
TRILLIONS by the frauds on wall street ( and declares with oscar in hand that
not one high level wall street exec has been prosecuted … despite ‘earning’
billions from the fraud ) THE OBAMA DECEPTION’
http://albertpeia.com/obamadeceptionhighqualityversion.flv 'Only THIS president has received the kind attacks
and disagreements'...
BOEHNER: HE HAS NO PLAN ... KRAUTHAMMER: CALL THE BLUFF!
Feds Issue Warning After 4 Mailboxes Lifted From Post
Offices...
O'DRAMA... 'ENOUGH IS ENOUGH'... WALKS OUT OF WHITE HOUSE MEETING... 'DON'T CALL MY BLUFF'... REID CALLS CANTOR NAMES... CAMP DAVID SUMMIT? BOEHNER: NO NEED...
MCCONNELL: GOP won't be 'tax collectors for Obama
economy'... Hometown congressman tells Obama to 'quit lying'... PELOSI: 'Almost too busy' to continue debt talks... GEITHNER: Out of time... Cash-Strapped NYC Fines Man $2,000 -- For Not
Watering Beehive?
STUDY: Black men survive longer in prison than out... Man falls into Maui blow hole, disappears... PRESSURE: MOODY'S PUTS USA ON
DOWNGRADE WATCH
Boehner Rails on Obama: 'Like dealing with Jell-O'...
WH Cracks Down on Press: No Yelling at Obama Today... President 'chafes' at unscripted questions...
BERNANKE BARKS BACK AT PAUL... Fed May Launch New Round of Stimulus... DOLLAR TUMBLES... Putin calls Feds 'hooligans'...
Gold hits new high... DEBT TALKS BREAK DOWN... McConnell: Deal Not Possible With Obama … [ I think
this shoe fits wobama ... African-American unemployment at 16% ... (But there’s
rationality in this stat as people avoid their disgustingly uncivilized noisy
rap ‘boomboxes’. Then there’s the attitude. I truly believe from direct
experience that even when their outright aggression, assaults on persons and
the senses, and otherwise obnoxious behavior is not apposite, the personality
disorder ‘passive / aggressive’ is applicable, however indirectly
expressed.) ] ... 'Backup plan'...
OBAMA THREATENS TO HOLD UP
SOCIAL SECURITY CHECKS RUBIO: Every Aspect of Life in America is Worse Since
Obama Took Over... GE Immelt lectures biz owners: 'Stop complaining
about government'... FLASHBACK: (GE )Company Paid NO TAXES Last Year...
OBAMA: LET'S STAY IN IRAQ... FLASHBACK: 'I intend to remove all U.S. troops from
Iraq by the end of 2011'... KARZAI'S BROTHER ASSASSINATED IN KANDAHAR... Gunned down in home by bodyguard... 'Huge boost for Taliban'... Obama 'far apart' from Republicans on debt deal... Boehner: Debt Deal Not Imminent... TORMENT @ 9.2%
State and local governments bleeding jobs... Top Obama adviser says unemployment won't be key in
'12 … (riiiiight!…talk about wishful thinking and self-delusion)...
BUCHANAN: DC Establishment 'in Panic'... S&P WARNS GREECE OF DEFAULT -- EVEN WITH BAILOUT! 'Impossible knot'... SANTELLI: 'The answer is easy: Spend less!' Italy's borrowing costs soar... Berlusconi appeals for national unity
and 'sacrifices'...
New Fears on Italy Jolt Europe... Soros: Europeans now need 'plan B'...
Mob Of Teenage Girls Attacks Minneapolis Mom,
4-Year-Old Daughter...
Air Conditioner Thieves Hit 7 Churches In Texas...
THEY'RE HERE! BOEHNER: Taxes 'off table'... Debt Talks Turn to Social Security
Cuts... CHARGE: Bypassing Congress to raise debt would be
'impeachable'...
Mullen Accuses Tehran of Arming Iraq Militias… [ Riiiiight! Iraq’s the ‘boogey-man / bad guy’
in Iraq … not war crimes nation america which invaded based on known lies ] ...
LONDON BRIDGES FALLING DOWN: Coulson 'to be arrested tomorrow'... Gov't decision on SKY takeover 'delayed'...
UPDATE: China warns U.S. officials not to meet Dalai
Lama...
CHICAGOLAND: THIEVES STEAL ENTIRE A/C UNITS FROM
HOUSES
UPDATE: Teen Dead After Beach Brawl... Wisc beating victim: 'They just said "Oh, white
girl bleeds a lot"'...
US Lawmakers Accuse DOJ of Cover-up in Botched
Gun-Running Op... CA Prison Shrink Paid $838,706 Last
Year... CA companies flee state... No recession for 454 White House aides: They'll make
$37,121,463 this year... United States of 'gloom'...
Iran Ridicules: America is Not Independent...
SHOCK: Father with HIV raped 6-month-old son...
MEDIA BLOWS IT, AGAIN... NANCY GRACE LEFT SPUTTERING: 'SOMEWHERE OUT THERE,
THE DEVIL IS DANCING TONIGHT'... Attorney: Case Was 'Media Assassination'... 'Now you have learned a lesson'... CBS host breaks down... 'TOT MOM' CLEARED BY COURT...
JURY: NO MURDER! Only guilty of lying to cops...
Portugal's Debt Downgraded to Junk... CHINA: USA 'ALREADY DEFAULTING'... DOLLAR TO 'LOSE RESERVE STATUS'
Economy Expected to Have Major Slide in Months
Ahead... NEW IMF CHIEF FROM CHICAGOLAND... MARK HALPERIN CALLS OBAMA 'A DICK' ON LIVE TV... POLL: Obama 42%, any Republican 46%... Campaign signals fundraising fail... UPDATE: Minnesota Government Shuts Down... Washington state closes tourism office... Florida state workers get pink slips, more cuts
ahead...
FEDS STRIKE DOWN STATE'S BAN ON RACE CONSIDERATION IN
COLLEGE ADMISSIONS...
SoCal Looks to Secede from California...
REPORT: U.S. Air Force, Navy still flying hundreds of
missions over Libya... FLASHBACK: Obama:
U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO
BOMB LIBYA... ) GETTING NERVOUS
NEWT: Obama 'most successful food stamp president in
American history'...
Bachmann: Media wants 'to see two girls come together
and have a mud wrestling fight'…[Well, I don’t know about the mud wrestling,
but voyeurs all, ‘come together’ sounds about right … playing ‘victim’ does not
become a presidential candidate. ] ...
Palin: Hollywood stars as 'full of hate'... ["What
would make someone be so full of hate?" palin asks … answer: resistance to
someone as dumb and full of war-mongering hate as she is! ]
REPORT: NATO forces ARE trying to
assassinate Qaddafi...
Los Alamos under siege from
wildfire... 'Throwing absolutely everything at
this that we got'...
BLAGO LIKELY HEADED TO PRISON... 'What happened?' But he gets to keep his hair... Fitz finally wins one!
GUILTY IN CHICAGOLAND... 17 of 20 counts... Tried To Sell Obama's senate seat... Jury DEADLOCKED on Rahm shakedown... Blago to lawyer: 'What happened?' 'Stunned'...
JOBLESS WEAK: 429,000... ...disappointed Economic trouble puzzles Fed chief...
FARRAKHAN: 'THAT'S A MURDERER IN THE WHITE HOUSE'... THE NEW 'NORMAL' GALLUP PLUNGE... Approval -4, disapproval +5 -- in one day!
DOWN TO THIRD: USA 'TO FALL BEHIND INDIA' IN TRADE... DEM FIX: MORE SPENDING! Bernanke speaks, stocks sink... FORBES: 'Admits he's clueless'...
CBO: Long-Term Debt Picture Worsens... Would reach 101% of GDP by 2021... STUDY: State, local gov'ts must raise taxes $1,400 a
year for 30 years to fund pensions...
Millionaires shrug off downturn; Wealthy richer than
before crisis...
Zuckerman: 'We now have more idle men, women than at
any time since Great Depression'...
SHOCK POLL: ONLY 3 in 10 WILL VOTE FOR OBAMA... 66% say US headed in 'wrong direction'...
Greece Agrees on New Austerity Plan With EU, IMF... ANGER IN ATHENS... 'BLACK HOLE'...
WH TRANSCRIPT: 'Over the last 15 months we’ve created
over 2.1 million private sector jobs. (Laughter.)'...
REPORT: GANNETT to slash more jobs across the
country… [ No surprise here for this pathetic shill, rag publisher. The only
real newspaper consistent with a tradition of courage, excellence, and respect
for the first amendment is The Washington Post …] ...
DEBT TALKS BREAKDOWN; TAX BUST
S&P: Risk of U.S. credit rating downgrade
increased...
Chicago county faces $108 billion gap in pensions....
Greek Streets 'Explosive'... PM wins confidence vote 'but outlook remains dire'...
Huntsman announces presidential bid at Statue of
Liberty... Harry Reid endorses... Bachmann surges to primary lead...
Iraq hunting $17 billion missing after U.S.
invasion... NATO NIGHTMARE: 9 CIVILIANS KILLED NATO strike kills 15 Libyan civilians ]
Census: Whites lose majority among babies... German Giant Says US Workers Lack Skills... PAPER: AMERICA'S LOST DECADE? States look to Internet taxes to close budget gaps...
SPANIARDS ON MARCH OVER BLEAK PROSPECTS...
House will move this week to limit
funding for effort in Libya...
'DON'T BE SURPRISED IF ATHENS GOES UP IN FLAMES'... GREEK PM PLEADS FOR UNITY! ...warns against default Threat to downgrade Italian debt raises contagion
fears... Princess Diana Conspiracy Movie Headed to Theaters... ]
PAPER: AMERICA'S LOST DECADE?
Bachmann: Obama 'has failed' blacks, Hispanics... Presidential no-show miffs Hispanics... African-American unemployment at 16%... ]
SHE'S OFF! (on the road again) Michelle Obama embarks
on Africa visit … (stay there!) ... Michelle Obama Admits: 'Fortunately,
We Have Help From The Media'... CHICAGOLAND: Rahm's Top Cop Blames Gangs, Crime on
'Gov't-Sponsored Racism'... Likens federal gun laws to 'racism'...
Teen Mob Of 50 Hits Chicago WALGREENS... Teen brutally beaten by mob of blacks; cops mull 'lynching' charge... Princess Diana Conspiracy Movie Headed to Theaters... [ British queen arrives in
Ireland Queen Elizabeth II’s visit overshadowed by security
scares. (Washington Post) [ ‘How sweet she is’ … that ‘sweet liz’ … that is
… Diana film causes stir at
Cannes “Unlawful
Killing” has a combination of celebrity, controversy and canny hype-mongering.
(Washington Post) [ Let’s not kid
ourselves … and, Dodi Fayed’s father was no dope and knew the score. Indeed,
it’s not coincidental that William’s the over-riding favorite of granny Liz II;
after all, Harry’s the bastard son of Hewitt (don’t buy into their DNA proffer
which they did buy – you know, that ‘bloodline thing’). Moreover, it was
reported that Diana had another ‘potential challenger in the oven’ at the time
of her death and we all know how dicey such english affairs of state can be
(ie., Henry VIII, Richard III, etc.). Then there’s the contempt of Diana for
having brought the son of her bosom, Chas, down. Do I think she said flat out
‘kill Diana’. No … more of a ‘do what’s necessary’ to mi6 et als. Ultimately,
William will require some substantial therapy to sort out this looming
conflict. After all, Diana was his mother.
Drudgereport: British woman decapitated in grocery store; killer
flees with head... Cannes: Diana doc slams UK royals as 'gangsters'... ] Protesters burn American flag during Obama visit to Puerto Rico -- a U.S. territory ... [ I
find even his retirement costs objectionable. Obama: My family is ‘fine’
with one term Politico | President Barack
Obama says his family is “not invested” in a second term. The unctuous
pandering by the wobamas is nauseating. And, michele’s fundraisers? What’s up
with that? Wobama’s such a glomming golem / slug. Obama says if he were Weiner,
he’d resign President Obama
on Monday waded into the debate over whether embattled Rep. Anthony Weiner
should step down, saying, “If it was me, I would resign..Barack Obama: The Naked
Emperor Shocking but true revelations from David Icke| ..Obama is just
more of the same, a big smile with strings attached, and controlled completely
by those that chose him, trained him, sold him and provided his record funding,
kept his many skeletons under wraps, like the gay sex and crack cocaine ..
Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to be with your
Presidential camp, who is alleged to claim that someone claiming to represent
me called asking for $100,000, to keep me from coming forward about our (Obama
and I) November 1999 encounter of sex and cocaine use?), ... Obama is just
another Banksters' moll prostituting himself .., and that's why he supported
the grotesque bail-out of the banking system and why he will always put their
interests before the people. ] http://albertpeia.com/obamadeceptionhighqualityversion.flv
05-31-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage053113.htm
05-30-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage053013.htm
05-29-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage052913.htm
05-28-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage052813.htm
05-24-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage052413.htm
05-23-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage052313.htm
05-22-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage052213.htm
05-20-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage052013.htm
05-17-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage051713.htm
05-16-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage051613.htm
05-15-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage051513.htm
05-14-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage051413.htm
05-13-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage051313.htm
05-10-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage051013.htm
05-09-13You May Also View Today’s
News / Topics Page by Day Here http://albertpeia.com/todayspage050913.htm
05-08-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage050813.htm
05-07-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage050713.htm
05-06-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage050613.htm
05-03-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage050313.htm
05-02-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage050213.htm
05-01-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage050113.htm
04-30-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage043013.htm
04-29-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage042913.htm
04-26-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage042613.htm
04-25-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage042513.htm
04-24-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage042413.htm
04-23-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage042313.htm
04-22-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage042213.htm
04-19-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage041913.htm
04-18-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage041813.htm
04-17-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage041713.htm
04-16-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage041613.htm
04-15-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage041513.htm
04-12-13You May Also View Today’s
News / Topics Page by Day Here http://albertpeia.com/todayspage041213.htm
04-11-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage041113.htm
04-10-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage041013.htm
04-09-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage040913.htm
04-08-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage040813.htm
04-05-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage040513.htm
04-04-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage040413.htm
04-03-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage040313.htm
04-02-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage040213.htm
04-01-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage040113.htm
03-28-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage032813.htm
03-27-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage032713.htm
03-26-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage032613.htm
03-25-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage032513.htm
03-22-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage032213.htm
03-21-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage032113.htm
03-20-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage032013.htm
03-19-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage031913.htm
03-18-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage031813.htm
03-15-13You May Also View Today’s
News / Topics Page by Day Here http://albertpeia.com/todayspage031513.htm
03-14-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage031413.htm
03-13-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage031313.htm
03-12-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage031213.htm
03-11-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage031113.htm
03-08-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage030813.htm
03-07-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage030713.htm
03-06-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage030613.htm
03-05-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage030513.htm
03-04-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage030413.htm
03-01-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage030113.htm
02-28-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage022813.htm
02-27-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage022713.htm
02-26-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage022613.htm
02-25-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage022513.htm
02-22-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage022213.htm
02-21-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage022113.htm
02-20-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage022013.htm
02-19-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage021913.htm
02-08-13You May Also View Today’s
News / Topics Page by Day Here http://albertpeia.com/todayspage020813.htm
02-07-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage020713.htm
02-06-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage020613.htm
02-05-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage020513.htm
02-04-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage020413.htm
02-01-13You May Also View
Today’s News / Topics Page by Day Here http://albertpeia.com/todayspage020113.htm
Todays
News / Topics Page By Day 10-22-12 to 2-20-13.htm
http://albertpeia.com/todaysnewstopicspagebyday102212-22013.htm
Todays News / Topics Page By
Day 7-02-12 to 10-15-12.htm
http://albertpeia.com/todaysnewstopicspagebyday70212-101512.htm
Todays News / Topics Page By
Day 70612archive1sthalf2012.htm http://albertpeia.com/todayspage070612archive1sthalf2012.htm
Todays News / Topics Page By
Day 1-03-12 to 3-30-12 http://albertpeia.com/todaysnewstopicspagebyday10312-33012.htm
Todays News / Topics Page By
Day 8-12-11 to 12-30-11 http://albertpeia.com/todaysnewstopicspagebyday81211-123011.htm
Compendium of
Important Business / National / World News / Topics / Articles / Headlines
http://albertpeia.com/articlelinkspage3.htm
http://albertpeia.com/archives.htm
In
Europe, the debt crisis only intensifies Italy and Spain struggle to
contain escalating panic over whether they can pay their bills. The trouble
comes amid more signs that European economies are rapidly slowing (Washington Post) [ Wow! This is a tough
one. Another mystery for the ages. Time to call in an expert to get to the
bottom of this and explain what’s comin’ down. Sounds like a job for ….. Rosanne Rosanna Dana formerly of SNL fame and as her mama always used to say, which is also her
hypothesis, ‘it’s always somethin’ … but unfortunately, that somethin’ is not
necessarily what they say it is. Then
there’s Simon Maierhofer who posits: ‘ It seems like the
European Union and U.S. government are stuck in a never ending game of
Whac-A-Mole. It seems like more moles are popping up more quickly, needing more
force to be subdued (ironically the moles come back just as the problems do) 3 Reasons Why This Summer Could Get
Ugly Simon Maierhofer, July 29, 2011 … ’ Dem PIIGS still got problems. Europe’s
debt crisis threatens Italy (Washington Post) [ Yeah, dem’ darn
PIIGS. Reminds me of that joke (I won’t
repeat it here except the punch line): ‘That’s black bart’s girl’. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop …
py. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of the money owed to cover future liabilities in
entitlement programs the US is actually in worse financial shape than Greece
and other debt-laden European countries, Pimco’s Bill Gross told CNBC
Monday. Maierhofer: ‘ USA
INCOME STATEMENT :Total federal spending in 2010
amounted to $3.456 trillion. Total receipts added up to $2.162 trillion. USA
Inc.'s 2010 deficit was $1.294 trillion.The 2011 federal budget is $3.7 trillion
with a projected deficit of$1.6 trillion. … USA
BALANCE SHEET : Consensus estimates for unfunded
obligations vary. Mary Meeker pegs the shortfall at $31 trillion, PIMCO's Bill
Gross estimates the unreported debt to be $75 trillion, while other estimates exceed
$100 trillion (these amounts are insurmountable) …’ Moody's
puts U.S. ratings on review for downgrade Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.).
Lobbyists
gear up after debt deal Facing future cuts, the health-care and defense
industries are preparing to put up a fight. (Washington Post) [ That’s right!
They’re not taking this lying down in bed with a bunch of corrupt politicians.
Their gambit … they’re now opting for their own paper dollar printing presses
($100 bills at that, thank you very much). Well, such is not original in
pervasively corrupt, defacto bankrupt america, and Washington particularly;
it’s happening all the time, even as we speak / write this very moment. After
all, say they, when you’re defacto bankrupt / insolvent, more or less
bankrupt/insolvent’s a distinction without a significant difference. They want
their ‘piece of the heart’ of the american dream … Mapping
the Myths of the U.S. Economy - Stacy Curtin ‘In The
Real State of America Atlas: Mapping the Myths and Truths of the United States , authors
Cynthia Enloe and Joni Seager paint a vivid picture of life in the U.S., using
a series of charts, graphics and short essays that cover almost every aspect of
the nation's economy and society as a whole.
Not only do they give state-by-state comparisons, they
show how the U.S. measures up to the rest of the world in areas such as health
care, housing and defense. But while analyzing what it's really like to live in
the U.S. today, they also uncovered a few "myths and truths" as the
title of the book suggests.
Enloe and Seager joined The Daily Ticker's Aaron Task to
share three of the most surprising misconceptions they uncovered.
#1 Land of Homeowners
The dream of owning a home is actually more the reality
in other countries. In the book, the authors point to the most recent data,
which show only 68% of Americans owned their home in 2002, compared with 92% in
Hungry, 84% in Mexico, 72% in the U.K. and 71% in Australia.
"One of the things that is a cherished notion about
America is we are a nation of homeowners, and homeownership has long been seen
as kind of the bedrock of the American dream," says Seager. "I think
the current economic crisis and the housing crisis is really shaking that
American cherished view of ourselves as having easy access to
homeownership."
This is evident in another stat laid out in the book,
which shows 83% of people agreed that buying a home was a safe investment in
2003, compared with 70% in 2010. ( See: Why
I Am Never Going to Own a Home Again )
#2 Land of Opportunity
Just like the ideal of owning a home, opportunity in this
country is now also on the brink.
"Opportunity in this country means a chance for an
education … [and] a chance for a decent job that allows you to have a decent
life," says Enloe, who points to two key factors that hinder people making
it here in America.
The cost
of a college education continues to rise year after year.
The
unemployment rate remains high at 9.2%, but it doesn't factor in the
millions of "underemployed" workers -- those who are currently
working part-time but would like full-time work -- and discouraged workers
who have tired of looking for a job and have just dropped out of the job
market.
#3 Land of Givers
While the U.S.
does give more money in foreign aid than any other country in the world, as a
percentage of GDP it falls way behind many other nations.
Whereas Sweden
gives almost 1% of its GDP in 2008, the U.S. gave 0.19%.
"I think
it really should shake Americans' self-perception of two things," says
Enloe. "[One] is cutting foreign aid actually the ticket to balancing the
budget, but also how do we shape up compared to other countries'
generosity?" ’
Milbank:
From Tea Party patriot to party man (Washington Post) [ Ah, sweet Mr. Milbank. He’s such a sweet man.
And, he’s loyal too; at least to ‘wobama the b’ (for b***s***). Milbank:
Mourning the debt deal (WP) [ Ah, yes!
Sweet Mr. Milbank. He’s so sweet. Friend to the Gipper and the new democratic
party. His pain is our pain. Let us join him in tears. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! Happy
birthday, Mr. President GALLERY | Dana Milbank imagines the cards Congress will
send on Aug. 4 to celebrate Obama’s 50th.
(Washington Post) [ Yeah … beyond the overwhelming predominance of hate
mail, I too conjure up an image celebratory of wobama’s 50 th with Mr.
Milbank, dressed in drag, with blond wig, pronouncedly darkened mole on cheek,
and in a soft, raspy but sultry, sexy voice singing ‘happy birthday Mr.
President’. I mean, come on … we all know somethin’s goin’ on between them …
you know, kind of a love affair for the ages … Riiiiight! Milbank:
Dealing with the Default Caucus (Washington Post) [ I just love ‘wobama the b’ (for b***s***)
apologist in chief, Mr. Milbank. He’s so egalitarian; surprising all by his
colloquial reference to whom one might otherwise consider to be his political
polar opposite, and even political nemesis in the persona of Ronald Reagan, so
tritely referred to by Mr. Milbank as ‘The Gipper’ in whom Mr. Milbank posits
the inspiration, ‘heart and soul’, of ‘the new democratic party’. What total
b***s***! How about everyone, including Mr. Milbank, realizing the dire
predicament facing the nation owing to a now familiar political strategy of
‘kicking the can’ down the road a piece till the problem (insolvency of the
nation) has as now become insurmountable and hence, unsolvable. That’s where
we’re at now! .
Drudgereport: HARRY
BELAFONTE: Obama 'has failed'... NOONAN:
'HE IS A LOSER'... GALLUP:
40% APPROVAL...
Obama
takes debt battle to TWITTER, loses more than 33,000 followers... FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
TEMPLETON
chairman: Financial Crisis 'Around Corner'... 'WE
ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...'
Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job...
GALLUP
SHOCK: 'REPUBLICAN' BEATS OBAMA BY 8% APPROVE:
42% Return
of Mass Layoffs a Grim Sign...
Dollar
falls to all-time low against Swiss franc...
GOP
REVOLTS
Obama Threatens Another Veto... Just
hours after urging compromise... Carney
Admits Obama Has No Plan...
OBAMA'S
BASE CRUMBLES
BALL
IN YOUR COURT, HARRY[, aka Mr. Milktoast, aka Majority Leader of Harry’s Wh*r*
House]! NO!
22 REPUBLICANS BUCKED BOEHNER... DC
racing against clock...
Milbank:
Congress is now middle school ‘Anew Washington
Post-ABC News poll finds that 80 percent of Americans are dissatisfied with
the way the federal government is working. Such a finding leads to an
inevitable conclusion: The other 20 percent aren’t paying attention … Ah, sweet
Mr. Milbank. Who said he gets things wrong? Middle school? From Gipper (I
always hated that trite reference to Reagan – and again, let me reiterate that
though I liked Reagan as a very likeable guy, the last real american leader / president
was the underrated but great President General Eisenhower who warned of the
current debacle called america in the sense of admonishing of the danger
inherent to the now entrenched ‘military industrio-inferiority complex’) to
graduation, perma-wobama apologist Mr. Milbank has come a long way; but, a pile
of b***s*** in the form of ‘wobama the b’ stands intractably in his way, no
matter what. Because … ? You can’t change what lamentably wobama is and has proven himself to be. If only he
had done what he promised he would do (those false campaign promises which got
him elected). But alas, as in the moral of the story of the ‘scorpion and the
frog’, you cannot change the nature of that cowardly, failed ‘president’ called
‘wobama the b’. (Washington Post) [ The
new party of Reagan The Gipper helps make the case for Democrats.
(Washington Post) [ ‘Well there you go again’ quoting the ‘Gipper’, off the
deep end as one might expect from wobama apologist Mr. Milbank (he’s somewhat
of a lemming himself). After all, how different really are the parties these
days when profligate spending on illegal, unnecessary wars was continued when
democrats controlled congress, and then even the executive office when
continuing failed president and war criminal dumbya bush’s nation bankrupting,
nation destroying war policies, protection for unprecedentedly huge wall street
frauds, bush tax cut extensions for the wealthy, and then some (spending on top
of it). Preposterous! Especially since Reagan’s most significant achievement
was his rational approach toward Russia (with of course the substantial help of
the astute Gorbachev) toward the ameliorative goal of peace and consequent
peace dividend which enabled a ‘smooth-sailing’ though undeserved tenure for
ultimately clinton (cia man ‘poppy the sailor man’ bush was already working on
stirring up war / military industrial complex matters in the Mideast – that
April Glaspie/cia/Iraq/Kuwait communiqué to sadam and the consequent debacle,
etc.).
It’s
still Obama’s party Why he won’t
face a primary challenge: Republicans and racial politics. (Washington Post)
[ It’s true … so right you are! Al
Gore’s even pitchin’ in by donating the talents of his long lost secret love
child, ‘Leslie Gore’ to pen and sing a song in wobama’s honor (kidding) which
goes something like this , ‘It’s his party and he’ll cry if he wants to, cry if
he wants to, cry if he wants to, you would cry too, if obama happened to you …
Well, there you go … if the song says it it must be true. Yeah! And
those dern republicans and their racial politics … UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims' – Time to get whitey, at last, at
last, etc., say holder / wobama who go on to say ‘and they ain’t talking about
Whitey Bulger, the mobster, either!’ SHARE
YOUR OPINION ON THE DEBT LIMIT The following is my comment to an LA
Times article regarding a Justice Department cover-up! As for your inquiry, all
I think about day and night is a long overdue resolution to the RICO litigation
as set forth therein:
I believe him!
I truly empathize with the ATF in terms of government cover-ups,
notably by even the DOJ. You’ll recognize some familiar names (ie., Alito,
Trump, Freeh (Louis Freeh now has dual citizenship with Italy), and some
familiar crimes (ie., drug money laundering, etc. – real cash cow for gov’t
ops, bribes, etc.). [Did you know this about the following ATF Agents who were
probably viewed as loose ends: Steve Willis, Robert
Williams, Todd McKeahan & Conway LeBleu: Died February 28, 1993 by gunfire at Waco. All four were examined
by a pathologist and died from identical wounds to the left temple. All four
had been body guards for Bill Clinton, three while campaigning for President
and when he was Governor of Arkansas.They also were the ONLY 4 BATF agents
killed at Waco. ]
Here’s some real, complicit cover-up / fraud on the part of the federal
government, et als:
October 15, 2010 (*see infra {ultimately
delivered by UPS})
Steven M. Martinez, Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3 copies of the within DVD rom autorun disk (which will
open in your computer’s browser) as per your office’s request as made this day
(the disk and contents have been scanned by Avast, McAfee, and Norton which
I’ve installed on my computer to prevent viral attacks / infection and are
without threat). I also include 1 copy of the DVD as filed with the subject
court as referenced therein (which files are also included on the aforesaid 3
disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as
you’re aware, the RICO Act is a criminal statute which provides a civil remedy,
including treble damages and attorney fees, as an incentive for private
prosecution of said claims probably owing to the fact that the USDOJ seems
somewhat overwhelmed and in need of such assistance given the seriousness and
prevalence of said violations of law which have a corrupting influence on the
process, and which corruption is pervasive). A grievance complaint against Coan
was also filed concurrently with the subject action and held in abeyance
pending resolution of the action which was illegally dismissed without any
supporting law and in contravention of the Order of The Honorable Robert N.
Chatigny, Chief Judge, USDC, District Connecticut. The files below the
horizontal rule are the referenced documents as filed. (Owing to the damage to
the financial interests of both the U.S. and the District of Congresswoman
Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False
Claims Act probably would apply and I would absent resolution seek to refer the
within to a firm with expertise in that area of the law with which I am not
familiar) .
The document in 5 pages under penalty of perjury I was asked to forward to
the FBI office in New Haven is probably the best and most concise summary of
the case RICO Summary to FBI Under Penalty of Perjury at Their Request (5
pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The correspondence I received from the Congresswoman by way of email
attachment (apparent but typical problem with my mail) along with my response
thereto is included on the 3 disks as
fbicorrespondencereyes.htm . With regard to
the calls to the FBI’s LA and New Haven, CT offices: There was one call to the
LA office and I was referred to the Long Beach, CA office where I personally
met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of
the money laundering which he confirmed as indicative of same (he was
transferred from said office within approximately a month of said meeting and
his location was not disclosed to me upon inquiry). The matter was assigned to
FBI Agent Ron Barndollar and we remained in touch for in excess of a decade until
he abruptly retired (our last conversation prior to his retirement related to
the case and parenthetically, Rudy Giuliani whose father I stated had been an
enforcer for the mob to which he registered disbelief and requested I prove it,
which I did – he served 12 years in prison, aggravated assault/manslaughter? –
and no, there is no Chinese wall of separation – Andrew Maloney’s the one that
prosecuted gotti).
In contradistinction to the statement in said correspondence, there is a
plethora of information including evidence supporting the claims set forth in
the RICO VERIFIED COMPLAINT (see infra).
Such includes and as set forth in the case, inter alia,
A judgment
had been entered in my favor in the case, United States District Court
Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in
excess of $300,000 remains unaccounted for and which could be used for
payment to creditors, Los Angeles, etc.. Counsel
Robert Sullivan on my behalf documented by way of certification upon investigation
that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false
statement he predicated a retaliatory and spurious contempt proceeding
against me causing substantial damage, and for which he sought Judicial
Notice of those and related proceedings as did I in some of my filings. The Order
of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant
Coan’s failure to file anything whatsoever by the court’s deadline causing
creditors and me substantial damages: [ Shiff Order of
Dismissal With Prejudice on Coan’s Failure to
File Page
1
Page 2
] Defendant
Coan had filed an action against me to prevent me from suing him which
necessitated me to fly to Connecticut for a hearing before The Honorable
Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied
Coan’s requested relief as to Coan but precluded my action against Shiff
(although there is no immunity, judicial or otherwise, for criminal acts,
ie., fraud connected with a case under Title 11, USC, etc.) .
[ transcript in pertinent part -
crossexamofcoanbypeia.pdf ] Newly
appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned
the RICO case despite the conflict of interest in light of hundreds of
thousands of dollars of illegal (drug) money being laundered through the
Trump casinos by the RICO defendants, and despite my motion to recuse her
which motion she heard herself and denied, and U.S. Trustee Hugh Leonard
with whom I met personally refused to join or file a separate motion to
recuse and not long thereafter left said office for private practice at
Cole, Shotz, et als on retainer with the RICO defendants as his primary
client.
Probative
and evidentiary documents, affidavits, exhibits, including those turned over
to FBI Agent Jeff Hayes in Long Beach, CA, had been given to Assistant
U.S. Attorney Jonathan Lacey with whom I met personally at the U.S.
Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S.
Attorney, and went over said documents and their probative value with him.
Within approximately a month thereafter upon inquiry I was told that
Jonathon Lacey was no longer with the office, that the file/documents
could not be located, and that there was no further information available
concerning contacting him or his location. I thereupon delivered by hand,
copies of said documents to the office of then U.S. Attorney Alito,
addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one
mob case he had brought, bungled, lost (accidently on purpose?) since I
was suing some mob-connected under RICO and the court (I had known /
previously met outside of court the judge Ackerman through a client) was
absolute bedlam and a total joke since incompetent corrupt Alito brought
in all 20 mob defendants (rather than prosecute one or a few to flip them
first) who feigning illness had beds/cots in the courtroom along with
their moans during testimony and had the jury in stitches. As much as I
hate the mob, it truly was funny, if not so tragic.], Alito
is also corrupt (and maybe corrupt because he is inept). After a
reasonable (but still rather short) time I called to determine the status
and was told that Alito was no longer with the Office of the U.S. Attorney,
that he was (appointed) a federal judge, and that neither the documents
nor any file or record of same could be located. Alito did parley the same
/ cover-up into quid pro quo direct lifetime appointment to the Court of
Appeals, 3 rd circuit, despite the absence of
judicial experience or successful tenure as U.S. Attorney (Maryanne Trump
Barry as well). This is the same Sam Alito that now sits on the purported
highest court in the land. The real application of the illegal rule ‘don’t
ask, don’t tell’.
There is
applicable insurance / surety coverage and neither LA, nor creditors, nor I
should continue to have been damaged by this brazened corrupt and illegal
scenario, which should be resolved in accordance with the meaningful rules of
law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5 th Street, #404
Los Angeles, CA
90013
(213) 219-****
(cell phone)
(213) 622-3745
(listed land line but there are unresolved problems with the line, computer
connection may be the reason but I hesitate to chance greater non-performance /
worsening by their ‘fix’ so cell phone best for contact).{recent change
323-786-6651 -magic jack}
----------
*The foregoing and as indicated therein was previously send 9-14-10 but
delivery confirmation was flawed as set forth below and my inquiries to the
u.s. postal service rebuffed (I believe tampered with inasmuch as your office
could not locate same). This cover letter (9-13-10) is on the 3 disks with
navigable hyperlinks to the subject files for ease of reference, including the
files in the RICO action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC
Secretary, who indicates once again that your office has not received the
aforesaid and which can reasonably be presumed to have been tampered with, and
hence, a violation of the federal statute concerning same. (Ultimately
delivered by UPS) ]
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s Blog / the grim economic reality
[ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1) UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
http://www.albertpeia.com
Sincerely and Regards,
Al Peia
Top 3 Reasons Markets Rallied Despite Negative Economic Outlook Wall St. Cheat
Sheet August 3, 2011, Markets closed up on Wall Street
today: Dow +0.25% , S&P +0.59% , Nasdaq +0.81% , Oil -2.10% , Gold +1.22% .
On the commodities front, Oil fell to $91.82, while
precious metals gained, with Gold up to $1,664.50 an ounce and Silver up 4.19%
to $41.77 an ounce.
Don’t Miss: A
Look At U.S. Economic Data Scaring Investors .
Today’s markets were up because:
1) Job cuts. Markets took a beating this morning after it
was announced that planned job
cuts in the U.S. climbed 59% year-over-year in July, and 60% over
June’s figures. Projections have Friday’s Labor Department report on the state
of job growth in the U.S. showing 85,000 more payrolls in June, a figure only
good enough to maintain June’s 9.2% rate of unemployment. If the number
reported Friday falls short of expectations, population growth may again exceed
job growth, and the rate of unemployment could rise.
2 ) ISM service-sector report. Monday’s ISM
manufacturing report contributed to market losses on Monday, but today’s
report, though equally negative, didn’t quite have the same effect as markets
began to level out this afternoon. The ISM
service-sector index declined to 52.7% in July. The U.S. service sector
accounts for three-fourths of all economic activity, and employs four out of
every five U.S. workers , so a 0.5% decline speaks volumes about the state of
economic recovery. However, ultimately the news seems to have had little effect
on the already depressed markets, which began to rally in the afternoon to
finish the day with gains.
3) Tech. All three major indices closed the day up, in
large part thanks to tech stocks. Apple , Google , Intel , IBM , and Microsoft
led tech gains today, with Intel one of the Dow’s best performers, helping push
the index positive in the last hour of trading so that, despite a negative
economic outlook, the markets finally got their day in the sun after the shadow
of the debt ceiling finally passed…’
[video]
Trader: Expect More Selling at TheStreet.com
After
crisis, attention turns to spending panel
Bipartisan committee, tasked with developing a broader plan to control
the government’s debt, is likely to confront the same ideological divide that
caused an almost crippling impasse in the debt-limit debate. (Washington Post)
[ Ah, riiiiight! The plan, for a plan, to make a plan, for a committee, to make a plan, for a plan to
plan for a final plan of planning to plan to plan a plan’s plan of executing a
plan’s plan of execution of the planned committee’s plan for planning a plan to
plan a plan that’s planned for a post election plan to plan a plan. What
planners pervasively corrupt, defacto bankrupt america has; you know the type;
viz., boy scouts all and true to their motto, ‘be prepared’. And, prepared they
are, to make a plan to be prepared to make a plan to plan a plan post election.
What a grand plan to plan to kick the can post election is the plan, for the
united plans of america, a new nation, conceived in corruption, greed,
incompetence, and thievery, and dedicated to the proposition that almost all
american citizens are created stupid and that you really can, with a plan to
plan, fool most of the people into takin’ it in the can. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long time.
Maierhofer: ‘ USA INCOME STATEMENT :Total federal spending in 2010 amounted to $3.456 trillion. Total
receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294
trillion.The 2011 federal budget is $3.7 trillion with a projected deficit
of$1.6 trillion. … USA BALANCE SHEET : Consensus estimates for unfunded obligations vary. Mary Meeker pegs the
shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to
be $75 trillion, while other estimates exceed $100 trillion (these amounts are
insurmountable) …’ Davis ‘This is how we pay off our current debts and I
think bondholders are simply happy to get anything out of a country that admits
it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire
global GDP) in the form of unfunded liabilities. The funniest thing about this
(and you have to laugh) is to see Conservative pundits get on TV and talk about
how we need to cut $100Bn worth of discretionary spending to "fix"
this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for
the top 1% each year). There is no fixing this and even a Republican said you
can’t fool all of the people all of the time .). IT'S GOING TO HURT 'FOR LONG
TIME TO COME' ‘God bless us everyone’! … As if we didn’t already know it / feel it!
Dave's
Daily 'If you can
keep interest rates this low this long, its inevitable cheap financing can
allow companies to start cobbling each other up. Further Ben's policies allow
companies like IBM to sell bonds at 1% and buy back shares with the proceeds
(total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money--
Stocks
plunge despite debt deal Weak economic signs spur major retreat, pushing markets
to their lowest point of the year. (Washington Post) [ Despite debt deal
indeed. This mystery sounds like a job for Rosanne Rosanna
Danna formerly of SNL fame, to chime in with a reminder as her mama always used
to say, ‘it’s always something’ (previously from 2010 – the song remains the
same) … but unfortunately, that somethin’ is not necessarily what they say it
is. Reality is that the u.s. market needs no help from Asia or Ireland or
Greece, etc., to fall but here in the states they would love for you to think
that. The fact is that the u.s. market is way over-valued / over-bought,
floating on air and b*** s*** alone in this new bubble as in the last before
the previous crash that the wall street frauds and insiders commission with high
frequency churn-and-earn trade programs and sell into . I mean, forget about valuations, security analysis, basic economics,
etc. … it’s suddenly, from out of
nowhere, Ireland and China jamming on the breaks … riiiiight! Come on! That dog
don’t hunt no more! Lloyd, infra, lists 17 concerns right off the top. The
decline certainly was no mystery to Loundsbury, Roche, Maierhofer, Hussman,
etc., infra, among many others. …
The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed ! Rout spells trouble for Wall Street / Moody's
confirms U.S. rating at Aaa, outlook negative / Chinese rating
agency cuts U.S. debt again]
Deal
fails to soothe foreign critics (Washington Post) { Let’s not kid
outselves! I consider Russia a rational, great nation (their painful, yet
peaceful transition from their mistake is a testament to their greatness as a
people / nation and Gorbachev particularly – China’s recent success is as far
from communism as can be imagined) and have high regard for Putin though
lamenting his youthful, albeit inherited indiscretion (kind of like that Tiger
hunt which he’s now wisely disavowed) in dabbling in the failed system of
communism (the great lie where everybody’s equal except some are more equal
than others, ie., party members, bureaucrats, etc., kind of like america today
with the addition of the plutocratic wealthy thieves, criminals, frauds, etc.).
That said, most of these so-called ‘foreign critics’ fall predominantly into
either of two categories; viz., ‘pots calling the kettle black’, or
‘enablers’. Putin
Calls U.S. a “Parasite,” Demands New Reserve Currency Activist Post | Putin seemed pleased that politicians in
the U.S. agreed to a deal to raise the debt ceiling. Putin says
U.S. is "parasite" on global economy perma wars,
over-printed debased ‘Weimar’ paper ‘reserve’ currency, huge frauds in
securities and otherwise, etc.. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long time.
Maierhofer: ‘ USA
INCOME STATEMENT :Total federal spending in 2010 amounted to $3.456 trillion. Total
receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294
trillion.The 2011 federal budget is $3.7 trillion with a projected deficit
of$1.6 trillion. … USA
BALANCE SHEET : Consensus estimates for unfunded obligations vary. Mary Meeker pegs the
shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to
be $75 trillion, while other estimates exceed $100 trillion (these amounts are
insurmountable) …’ Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time .). SHARE
YOUR OPINION ON THE DEBT LIMIT The following is my comment to an LA
Times article regarding a Justice Department cover-up! As for your inquiry, all
I think about day and night is a long overdue resolution to the RICO litigation
as set forth therein:
I believe him!
I truly empathize with the ATF in terms of government cover-ups,
notably by even the DOJ. You’ll recognize some familiar names (ie., Alito,
Trump, Freeh (Louis Freeh now has dual citizenship with Italy), and some
familiar crimes (ie., drug money laundering, etc. – real cash cow for gov’t
ops, bribes, etc.). [Did you know this about the following ATF Agents who were
probably viewed as loose ends: Steve Willis, Robert
Williams, Todd McKeahan & Conway LeBleu: Died February 28, 1993 by gunfire at Waco. All four were examined
by a pathologist and died from identical wounds to the left temple. All four
had been body guards for Bill Clinton, three while campaigning for President
and when he was Governor of Arkansas.They also were the ONLY 4 BATF agents
killed at Waco. ]
Here’s some real, complicit cover-up / fraud on the part of the federal
government, et als:
October 15, 2010 (*see infra {ultimately
delivered by UPS})
Steven M. Martinez, Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3 copies of the within DVD rom autorun disk (which will
open in your computer’s browser) as per your office’s request as made this day
(the disk and contents have been scanned by Avast, McAfee, and Norton which
I’ve installed on my computer to prevent viral attacks / infection and are
without threat). I also include 1 copy of the DVD as filed with the subject
court as referenced therein (which files are also included on the aforesaid 3
disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as
you’re aware, the RICO Act is a criminal statute which provides a civil remedy,
including treble damages and attorney fees, as an incentive for private
prosecution of said claims probably owing to the fact that the USDOJ seems
somewhat overwhelmed and in need of such assistance given the seriousness and
prevalence of said violations of law which have a corrupting influence on the
process, and which corruption is pervasive). A grievance complaint against Coan
was also filed concurrently with the subject action and held in abeyance
pending resolution of the action which was illegally dismissed without any
supporting law and in contravention of the Order of The Honorable Robert N.
Chatigny, Chief Judge, USDC, District Connecticut. The files below the
horizontal rule are the referenced documents as filed. (Owing to the damage to
the financial interests of both the U.S. and the District of Congresswoman
Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False
Claims Act probably would apply and I would absent resolution seek to refer the
within to a firm with expertise in that area of the law with which I am not
familiar) .
The document in 5 pages under penalty of perjury I was asked to forward to
the FBI office in New Haven is probably the best and most concise summary of
the case RICO Summary to FBI Under Penalty of Perjury at Their Request (5
pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The correspondence I received from the Congresswoman by way of email
attachment (apparent but typical problem with my mail) along with my response
thereto is included on the 3 disks as
fbicorrespondencereyes.htm . With regard to
the calls to the FBI’s LA and New Haven, CT offices: There was one call to the
LA office and I was referred to the Long Beach, CA office where I personally
met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of
the money laundering which he confirmed as indicative of same (he was
transferred from said office within approximately a month of said meeting and
his location was not disclosed to me upon inquiry). The matter was assigned to
FBI Agent Ron Barndollar and we remained in touch for in excess of a decade until
he abruptly retired (our last conversation prior to his retirement related to
the case and parenthetically, Rudy Giuliani whose father I stated had been an
enforcer for the mob to which he registered disbelief and requested I prove it,
which I did – he served 12 years in prison, aggravated assault/manslaughter? –
and no, there is no Chinese wall of separation – Andrew Maloney’s the one that
prosecuted gotti).
In contradistinction to the statement in said correspondence, there is a
plethora of information including evidence supporting the claims set forth in
the RICO VERIFIED COMPLAINT (see infra).
Such includes and as set forth in the case, inter alia,
A judgment
had been entered in my favor in the case, United States District Court
Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in
excess of $300,000 remains unaccounted for and which could be used for
payment to creditors, Los Angeles, etc.. Counsel
Robert Sullivan on my behalf documented by way of certification upon investigation
that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false
statement he predicated a retaliatory and spurious contempt proceeding
against me causing substantial damage, and for which he sought Judicial
Notice of those and related proceedings as did I in some of my filings. The Order
of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant
Coan’s failure to file anything whatsoever by the court’s deadline causing
creditors and me substantial damages: [ Shiff Order of
Dismissal With Prejudice on Coan’s Failure to
File Page
1
Page 2
] Defendant
Coan had filed an action against me to prevent me from suing him which
necessitated me to fly to Connecticut for a hearing before The Honorable
Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied
Coan’s requested relief as to Coan but precluded my action against Shiff
(although there is no immunity, judicial or otherwise, for criminal acts,
ie., fraud connected with a case under Title 11, USC, etc.) .
[ transcript in pertinent part -
crossexamofcoanbypeia.pdf ] Newly
appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned
the RICO case despite the conflict of interest in light of hundreds of
thousands of dollars of illegal (drug) money being laundered through the
Trump casinos by the RICO defendants, and despite my motion to recuse her
which motion she heard herself and denied, and U.S. Trustee Hugh Leonard
with whom I met personally refused to join or file a separate motion to
recuse and not long thereafter left said office for private practice at
Cole, Shotz, et als on retainer with the RICO defendants as his primary
client.
Probative
and evidentiary documents, affidavits, exhibits, including those turned
over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to
Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the
U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was
U.S. Attorney, and went over said documents and their probative value with
him. Within approximately a month thereafter upon inquiry I was told that
Jonathon Lacey was no longer with the office, that the file/documents
could not be located, and that there was no further information available
concerning contacting him or his location. I thereupon delivered by hand,
copies of said documents to the office of then U.S. Attorney Alito,
addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one
mob case he had brought, bungled, lost (accidently on purpose?) since I
was suing some mob-connected under RICO and the court (I had known /
previously met outside of court the judge Ackerman through a client) was
absolute bedlam and a total joke since incompetent corrupt Alito brought
in all 20 mob defendants (rather than prosecute one or a few to flip them
first) who feigning illness had beds/cots in the courtroom along with
their moans during testimony and had the jury in stitches. As much as I
hate the mob, it truly was funny, if not so tragic.], Alito
is also corrupt (and maybe corrupt because he is inept). After a
reasonable (but still rather short) time I called to determine the status
and was told that Alito was no longer with the Office of the U.S. Attorney,
that he was (appointed) a federal judge, and that neither the documents
nor any file or record of same could be located. Alito did parley the same
/ cover-up into quid pro quo direct lifetime appointment to the Court of
Appeals, 3 rd circuit, despite the absence of
judicial experience or successful tenure as U.S. Attorney (Maryanne Trump
Barry as well). This is the same Sam Alito that now sits on the purported
highest court in the land. The real application of the illegal rule ‘don’t
ask, don’t tell’.
There is
applicable insurance / surety coverage and neither LA, nor creditors, nor I
should continue to have been damaged by this brazened corrupt and illegal
scenario, which should be resolved in accordance with the meaningful rules of
law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5 th Street, #404
Los Angeles, CA
90013
(213) 219-****
(cell phone)
(213) 622-3745
(listed land line but there are unresolved problems with the line, computer
connection may be the reason but I hesitate to chance greater non-performance /
worsening by their ‘fix’ so cell phone best for contact).{recent change
323-786-6651 -magic jack}
----------
*The foregoing and as indicated therein was previously send 9-14-10 but
delivery confirmation was flawed as set forth below and my inquiries to the
u.s. postal service rebuffed (I believe tampered with inasmuch as your office
could not locate same). This cover letter (9-13-10) is on the 3 disks with
navigable hyperlinks to the subject files for ease of reference, including the
files in the RICO action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC
Secretary, who indicates once again that your office has not received the
aforesaid and which can reasonably be presumed to have been tampered with, and
hence, a violation of the federal statute concerning same. (Ultimately
delivered by UPS) ]
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s Blog / the grim economic reality
[ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1) UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
http://www.albertpeia.com
Sincerely and Regards,
Al Peia
What
can the Federal Reserve do? With the U.S. economy at risk of a
double-dip recession, the central bank lacks tools to do anything. (Washington
Post) [ Oh I’d say they’ve done quite enough … wouldn’t you? … Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I mean,
come on! This catering to fraudulent wall street was a loser ab initio! That
so-called ‘wealth effect’ market froth was used previously by senile ‘maestro’
greenspan and failed miserably except for the frauds on wall street who
commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably inflationary,
ultimately hyperinflationary, particularly for stocks; that ‘feel good’
obfuscation that was but in reality good only for the frauds on wall street.
No, there is no modern day alchemy that spins worthless paper into gold except
fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ] In his June 7
speech, Fed Chairman Ben Bernanke stated, “the best way for the Federal Reserve
to support the fundamental value of the dollar in the medium term is to pursue
our dual mandate of maximum employment and price stability, and we will
certainly do that.”
.. Bernanke’s results .. since Ben took the reins:
Feb ’06 – April ’11
Items in a Typical Budget
% Change
Food and Beverages
16.54%
Water and sewer and trash collection
services
31.88%
Rent of primary residence
13.82%
Housing
8.68%
Fuels and Utilities
11.93%
Apparel
4.83%
Medical Care
20.11%
Gasoline (all types)
65.12%
Transportation
23.36%
Tuition, other school fees, and
childcare
29.28%
Recreation
2.87%
.. The standard unemployment rate most often
used by the Fed is currently at 9.1%, up 90% since Bernanke started. The
more inclusive (realistic) U6 number stands at 15.8%, up 75% in the same
period. The Civilian Participation Rate has declined 2.87% to 64.2%.
This is the lowest level the U.S. has seen since March,
1984. The decline amounts to 8,946,844 fewer Americans in the labor
force. Had they not dropped out because of a lack of jobs, the “official”
unemployment rate would be significantly higher. While we can debate the
meaning of the term maximum employment, it is clear that the jobs data has
deteriorated considerably since Bernanke took the reins at the Fed. ..
In conclusion, it is evident that Ben Bernanke is failing
his mandates. We believe it must come down to one of the following
reasons:
1. Bernanke does not
know how to achieve his mandates;
2. The policy tools
employed don’t work;
3. He does not have
the ability to implement policies that would work;
4. He is not trying
to achieve his mandates;
5. He has goals other
than his legal mandates;
6. He does not look
at the data, and believes he is succeeding.
Matt Marcewicz & Robert Barone, Ph.D.
.. ‘
[video]Sellers
Focus On Downgrade TheStreet.com TV
Analysis: Obama, Bernanke out of ammo to boost jobs, growth
- WASHINGTON/NEW YORK (Reuters) - The United States has a jobs problem and
there's not a lot President Barack Obama or Federal Reserve Chairman Ben Bernanke
can do about it.
How
Far Will Stocks Fall? at Forbes
Tom Aspray ‘New fears about the economy have trumped the debt resolution
and the selloff is now on. Here are the critical support levels and potential
downside targets to watch for the major stock index ETFs…’
Rhode
Island Town Goes Bankrupt at Forbes
John
Mauldin: The U.S. Must Cut $10 Trillion in 10 Years, or Taxes Will Skyrocket The Daily
Ticker[ Don’t hold your breath! ]
The Debt Ceiling Deal From Hell The Economic Collapse | If this is the best that our
politicians can come up with, we are absolutely doomed.
Silent Bank Run In Greece London Guardian | Greece in
panic as it faces change of Homeric proportions
Global
Economic Depression – The “Solution” to The Debt Crisis: More Debt Bob Chapman | Perhaps with
the exception of Germany the world economy is in disarray.
Europe
on Brink of ‘Major Financial Collapse’: Guggenheim CIO CNBC | Europe is a
“train wreck.”
Spending
Cuts? Federal Spending Will Be Higher in 2012 CNS News | The Budget
Control Act of 2011 does not actually cut spending for fiscal year 2012.
China
Joins Russia in Blasting U.S. Borrowing After Debt Ceiling Agreement Bloomberg | China joined
Russia in criticizing American policy makers for failing to ensure borrowing is
reined in.
Refuge
Demand Sends Gold To Record Above $1,670 WSJ | Gold futures continued
their march into record territory Wednesday.
SNB
Intervenes To Lower “Massively Overvalued” Franc, Leaves Gold As Only “Safe
Haven” Currency Zero Hedge | The Swiss central bank “unexpectedly”
intervened to curb the record appreciation of the Swiss Franc.
China
Boldly Goes (Again) Where Moody’s Has Never Gone Before, Downgrades US From A+
To A, Outlook Negative Zero Hedge | As was predicted last week, China’s rating
agency Dagong has come through on its threat to downgrade the US.
Food
Stamp Use Surges By Most In Years As Alabama Foodstamp Recipients Double In May Zero Hedge |
It appears that GDP data revisions are not the only thing that the
administration enjoys fudging with.
National / World
Bloomberg | State-run Xinhua News Agency
blasted what it called the “madcap” brinksmanship.
Mubarak Denies All Charges Against Him Al Jazeera | The former Egyptian president lying on a
stretcher denied all the charges before the judge.
Breaking: Feds Caught Shipping Cocaine into U.S. TheAlexJonesChannel | Federal agents let drug cartels ship tons of cocaine
into U.S. for info exchange.
Citizens Confront Police Over Organic Food Raid Aaron Dykes | Footage has emerged from the raid today on Rawesome Foods showing
outraged citizens.
NRA To Sue Feds Over ATF Intimidation Of Gun Sellers Paul Joseph Watson | Holder says measures are “appropriate” to stop flow of guns into Mexico
even as feds caught directly shipping firearms to Mexican drug gangs.
The Debt Ceiling Deal From Hell The Economic Collapse | If this is the best that our
politicians can come up with, we are absolutely doomed.
The Decline and Fall of the American Empire Dr. Paul Craig Roberts | The United States Government and
its presstitute media have wasted time and energy creating hysteria over a
non-existent “debt ceiling crisis.” [ I’m frankly a bit surprised and
disappointed at Mr. Roberts’ non-sequitor, cavalier attitude about the debt
crisis even as he seems sometimes in conversely implying in contradictory
fashion vis-ŕ-vis the premise / title (which premise I agree to be true) that
there was no debt ceiling crisis while poo-pooing the amounts of the debt,
which contrary to his downplaying same, are literally insurmountable (nonfunded
liabilities in excess of $75 trillion, and then the interest on the huge
borrowings). I certainly didn’t expect them to default if only because, as I’ve
said before when last they raised it with wobama that the same would be a ball
of confusion / paper - bureaucratic nightmare / pain in the a** /
time-consuming mess to unravel and straighten out. The media attention was
appropriate because the debt situation is that dire. The nation is defacto
bankrupt / insolvent. As for the view of foreign nations of america, if they’re
not already questioning pervasively corrupt, defacto bankrupt america’s judgment
and sanity; then, they themselves lack good judgment / sanity. The economy is
and prospectively will be much worse than they’re spinning, lying about, faking
reports / data, etc., but the following point he made was well taken and made:
] ‘…And it is not
only Americans who are being made homeless by US policies. Afghans, Pakistanis,
Iraqis, Yemenis, Somali, Libyans are also consigned to homelessness by American
policy. Moreover, America’s wars against these peoples together with the
supporting military/security budget account for 75% of the US budget deficit.
Indeed, the cost of these wars exceed the planned future budget savings from
the debt limit deal.
In other words, the cost of the wars that make millions
of foreigners homeless use up revenues that the federal government could have
used to keep Americans in their homes and teachers in the schools. As much as
many Republicans profess to be concerned about the US public debt, Republicans
were not sufficiently concerned to address their issue by cutting back the $1.2
trillion military-security budget or by raising the low tax rates on the
mega-rich.
Look at these July 30 headlines, just two days prior to
the default deadline, from the online group, Stop NATO:
US Military To
Be Based In Australia To Confront China
Call To Expand
American Counterinsurgency Operations In Philippines
US Could
Upgrade Polish Warships For Baltic Sea
Bulgaria:
Pentagon Continues Upgrading Military Bases
US Uses
Romanian Air Base To Supply Afghan War
America’s
Africa Partnership Station In East Africa
Mongolia: US
Leads NATO, Asian NATO Allies In Military Exercise
Libyan War:
Over 17,000 NATO Air Missions, Nearly 6,500 Strike Sorti
The Big
Picture: War on Libya is War on Africa
What in the
world is a country facing bankruptcy and default doing conducting military
exercises in Mongolia and Central Asia? What is the North Atlantic Treaty
Organization, designed to counter a Soviet thrust into Western Europe, doing in
Mongolia?...’
Will:
Obama cannot run from his liberalism (Washington Post) [ I disagree
with Mr. Will! ‘Wobama the b’ (for b***s***) can and does run from his
liberalism. His perma wars, military spending, no pros of the huge
crisis-causing frauds on wall street, and prior continuation of the moron war
criminal bush tax extensions, etc., are a testament to that. What he cannot do
is hide from his ’all-seeing-speaking-thinking’ Teleprompter which is probably
telling him ‘go liberal’ for your base if that’s what Mr. Teleprompter is
reading in the public mood, soured as it is. SHARE
YOUR OPINION ON THE DEBT LIMIT The following is my comment to an LA
Times article regarding a Justice Department cover-up! As for your inquiry, all
I think about day and night is a long overdue resolution to the RICO litigation
as set forth therein:
I believe him!
I truly empathize with the ATF in terms of government cover-ups,
notably by even the DOJ. You’ll recognize some familiar names (ie., Alito,
Trump, Freeh (Louis Freeh now has dual citizenship with Italy), and some
familiar crimes (ie., drug money laundering, etc. – real cash cow for gov’t
ops, bribes, etc.). [Did you know this about the following ATF Agents who were
probably viewed as loose ends: Steve Willis, Robert
Williams, Todd McKeahan & Conway LeBleu: Died February 28, 1993 by gunfire at Waco. All four were examined
by a pathologist and died from identical wounds to the left temple. All four
had been body guards for Bill Clinton, three while campaigning for President
and when he was Governor of Arkansas.They also were the ONLY 4 BATF agents
killed at Waco. ]
Here’s some real, complicit cover-up / fraud on the part of the federal
government, et als:
October 15, 2010 (*see infra {ultimately
delivered by UPS})
Steven M. Martinez, Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3 copies of the within DVD rom autorun disk (which will
open in your computer’s browser) as per your office’s request as made this day
(the disk and contents have been scanned by Avast, McAfee, and Norton which
I’ve installed on my computer to prevent viral attacks / infection and are
without threat). I also include 1 copy of the DVD as filed with the subject
court as referenced therein (which files are also included on the aforesaid 3
disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as
you’re aware, the RICO Act is a criminal statute which provides a civil remedy,
including treble damages and attorney fees, as an incentive for private
prosecution of said claims probably owing to the fact that the USDOJ seems
somewhat overwhelmed and in need of such assistance given the seriousness and
prevalence of said violations of law which have a corrupting influence on the
process, and which corruption is pervasive). A grievance complaint against Coan
was also filed concurrently with the subject action and held in abeyance
pending resolution of the action which was illegally dismissed without any
supporting law and in contravention of the Order of The Honorable Robert N.
Chatigny, Chief Judge, USDC, District Connecticut. The files below the
horizontal rule are the referenced documents as filed. (Owing to the damage to
the financial interests of both the U.S. and the District of Congresswoman
Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False
Claims Act probably would apply and I would absent resolution seek to refer the
within to a firm with expertise in that area of the law with which I am not
familiar) .
The document in 5 pages under penalty of perjury I was asked to forward to
the FBI office in New Haven is probably the best and most concise summary of
the case RICO Summary to FBI Under Penalty of Perjury at Their Request (5
pages) [ ricosummarytoFBIunderpenaltyofperjury.pdf
http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The correspondence I received from the Congresswoman by way of email
attachment (apparent but typical problem with my mail) along with my response
thereto is included on the 3 disks as
fbicorrespondencereyes.htm . With regard to
the calls to the FBI’s LA and New Haven, CT offices: There was one call to the
LA office and I was referred to the Long Beach, CA office where I personally
met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of
the money laundering which he confirmed as indicative of same (he was
transferred from said office within approximately a month of said meeting and
his location was not disclosed to me upon inquiry). The matter was assigned to
FBI Agent Ron Barndollar and we remained in touch for in excess of a decade
until he abruptly retired (our last conversation prior to his retirement
related to the case and parenthetically, Rudy Giuliani whose father I stated
had been an enforcer for the mob to which he registered disbelief and requested
I prove it, which I did – he served 12 years in prison, aggravated assault/manslaughter?
– and no, there is no Chinese wall of separation – Andrew Maloney’s the one
that prosecuted gotti).
In contradistinction to the statement in said correspondence, there is a
plethora of information including evidence supporting the claims set forth in
the RICO VERIFIED COMPLAINT (see infra).
Such includes and as set forth in the case, inter alia,
A judgment
had been entered in my favor in the case, United States District Court
Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in
excess of $300,000 remains unaccounted for and which could be used for
payment to creditors, Los Angeles, etc.. Counsel
Robert Sullivan on my behalf documented by way of certification upon
investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon
which false statement he predicated a retaliatory and spurious contempt
proceeding against me causing substantial damage, and for which he sought
Judicial Notice of those and related proceedings as did I in some of my
filings. The Order
of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant
Coan’s failure to file anything whatsoever by the court’s deadline causing
creditors and me substantial damages: [ Shiff Order of
Dismissal With Prejudice on Coan’s Failure to
File Page
1
Page 2
] Defendant
Coan had filed an action against me to prevent me from suing him which
necessitated me to fly to Connecticut for a hearing before The Honorable
Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied
Coan’s requested relief as to Coan but precluded my action against Shiff
(although there is no immunity, judicial or otherwise, for criminal acts,
ie., fraud connected with a case under Title 11, USC, etc.) .
[ transcript in pertinent part -
crossexamofcoanbypeia.pdf ] Newly
appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned
the RICO case despite the conflict of interest in light of hundreds of
thousands of dollars of illegal (drug) money being laundered through the
Trump casinos by the RICO defendants, and despite my motion to recuse her
which motion she heard herself and denied, and U.S. Trustee Hugh Leonard
with whom I met personally refused to join or file a separate motion to
recuse and not long thereafter left said office for private practice at
Cole, Shotz, et als on retainer with the RICO defendants as his primary
client.
Probative
and evidentiary documents, affidavits, exhibits, including those turned
over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to
Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the
U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was
U.S. Attorney, and went over said documents and their probative value with
him. Within approximately a month thereafter upon inquiry I was told that
Jonathon Lacey was no longer with the office, that the file/documents
could not be located, and that there was no further information available
concerning contacting him or his location. I thereupon delivered by hand,
copies of said documents to the office of then U.S. Attorney Alito,
addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one
mob case he had brought, bungled, lost (accidently on purpose?) since I
was suing some mob-connected under RICO and the court (I had known /
previously met outside of court the judge Ackerman through a client) was
absolute bedlam and a total joke since incompetent corrupt Alito brought
in all 20 mob defendants (rather than prosecute one or a few to flip them
first) who feigning illness had beds/cots in the courtroom along with
their moans during testimony and had the jury in stitches. As much as I
hate the mob, it truly was funny, if not so tragic.], Alito
is also corrupt (and maybe corrupt because he is inept). After a
reasonable (but still rather short) time I called to determine the status
and was told that Alito was no longer with the Office of the U.S.
Attorney, that he was (appointed) a federal judge, and that neither the
documents nor any file or record of same could be located. Alito did
parley the same / cover-up into quid pro quo direct lifetime appointment
to the Court of Appeals, 3 rd circuit,
despite the absence of judicial experience or successful tenure as U.S.
Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that
now sits on the purported highest court in the land. The real application
of the illegal rule ‘don’t ask, don’t tell’.
There is
applicable insurance / surety coverage and neither LA, nor creditors, nor I
should continue to have been damaged by this brazened corrupt and illegal
scenario, which should be resolved in accordance with the meaningful rules of
law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5 th Street, #404
Los Angeles, CA
90013
(213) 219-****
(cell phone)
(213) 622-3745
(listed land line but there are unresolved problems with the line, computer
connection may be the reason but I hesitate to chance greater non-performance /
worsening by their ‘fix’ so cell phone best for contact).{recent change
323-786-6651 -magic jack}
----------
*The foregoing and as indicated therein was previously send 9-14-10 but
delivery confirmation was flawed as set forth below and my inquiries to the
u.s. postal service rebuffed (I believe tampered with inasmuch as your office
could not locate same). This cover letter (9-13-10) is on the 3 disks with
navigable hyperlinks to the subject files for ease of reference, including the
files in the RICO action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC
Secretary, who indicates once again that your office has not received the
aforesaid and which can reasonably be presumed to have been tampered with, and
hence, a violation of the federal statute concerning same. (Ultimately
delivered by UPS) ]
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s Blog / the grim economic reality
[ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1) UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
http://www.albertpeia.com
Sincerely and Regards,
Al Peia
Here’s a picture of obama voters / backers: http://www.albertpeia.com/wobamavoters.gif
Top 3 Reasons Markets Were Down Despite Debt Deal Wall St. Cheat
Sheet August 2, 2011, Markets closed
down on Wall Street today: Dow -2.19% , S&P -2.56% , Nasdaq -2.75% , Oil
-1.73% , Gold +2.34 % .
On the commodities front, Oil fell to $93.25, while
precious metals gained, with Gold up to $1,659.60 an ounce and Silver up 3.79%
to $40.80 an ounce.
Don’t Miss: The
U.S. Debt Deal: Your Cheat Sheet to the Framework .
Today’s markets were down because:
1) Consumer spending. With consumer
spending dropping off in July for the first time since September 2009, it looks as
though the economic recovery might be coming to a standstill. This morning’s
report from the Commerce Department shows that the economy only grew 1.3%
during the second quarter, while both income and disposable income only rose
0.1%, the slowest rate of growth since November 2010, and consumer spending
contracted 0.2%. The news only compounds the effect of Monday’s ISM
report showing that growth in the manufacturing industry also slowed in July.
2 ) Debt deal. With a much-awaited debt
deal finally passed in the nick of time, markets haven’t gotten the boost
one might have expected as investors realize that the deal, which issues huge
cuts to spending without touching taxes, won’t actually help the stagnant
economy. Yesterday anticipation of the deal helped to offset negative economic
data, but now Congress has loosed its reigns on the markets, which will now
have to take their cues from the economy.
3) Debt deal, take two. While the debt deal will be
cutting social spending, student aid, and government agency budgets, it will
also be directly affecting many large corporations that rely heavily on
government sales. Healthcare stocks like Pfizer , and Humana are down as they
expect weakened profits as Congress cuts funding for Medicare and Medicaid. The
capital goods sector is also being hit by the deal, with huge cuts to defense
spending putting contracts with tech, manufacturing, and aerospace companies like
United Technologies , Honeywell , and Lockheed Martin at risk…’
[video]
Sellers Focus On Downgrade TheStreet.com NEW YORK -
Teddy Weisberg of Seaport Securities says the headwinds and Washington are
weighing on the market.
American
Investors Screwed: Dave's Daily at TheStreet (Tue 6:51PM EDT) ‘The debt
ceiling has been raised and conventional wisdom had it that we'd rally. That
notion was blown apart Monday and Tuesday especially. Americans are facing an
uncertain future with debts and ways to pay for them. The debt ceiling will
create yet another commission to come up with solutions. This is pretty dumb
since we already had a presidential commission with a recent report that no one
wanted to deal with, especially the president. The focus has shifted from this
Washington melodrama to real stuff like economic data. Today Personal Income
and Spending showed the first decline in 2 years. Recent reports taken together
indicate a rapidly declining economy. In fact, J.P. Morgan economists have
slashed forecasts for the second half of 2011 from 2.7% GDP growth (already
reduced) to below single digit. The inference is a trip back to recession. And,
noises were emanating from Europe on Tuesday that more debt troubles were about
to plague Spain, Italy and even France. Even with markets being already
short-term oversold, the "get me the hell out" mantra echoed through
the floor of stock exchanges
Tuesday. Earnings ? Nobody cares right now since they're just so much "old news."
Sure, with good earnings reports trailing PEs will look pretty cheap but that
would mask what lies ahead. Bonds continued their crazy meteoric ascent as
yields on 10-year Treasury bonds dropped to 2.62%. Even those drinking Kool Aid
know basic inflation wipes out this yield. The dollar rallied overall against
most currencies since with stocks in a major sell-off it was time to take profits wherever available.
Further margin calls were no doubt issued and it was time for some dollar
repatriation. Gold continued to rise sharply to new highs while commodity
markets overall were much weaker given thoughts of weak demand. Whatever 2011
year-to-date gains existed have been wiped-out for the major equity indexes.
And today was the worst loss for SPY since August 2010. This shouldn't surprise
since we've repeatedly been comparing this summer with last year…’
Small
Caps Now Negative In 2011; SPY Confirms Bearish Turn at Barrons.com
STOCKS
GET DESTROYED, DOW FALLS 266, GOLD SURGES: Here's What You Need To Know Business Insider Joe Weisenthal,
On Tuesday August 2, 2011, 4:00 pm EDT Horrible and depressing and disappointing.
But first, the scoreboard:
Dow: -265.72
And now, the top stories:
First,
we'll just get it out of the way. The debt ceiling story is over. The
Senate passed the hike and Obama signed it. The story's resolution
provided no lift to stocks whatsoever. Re-live today's full events here >
The bigger
story is Europe going blamo. Italy and Spain just keep looking like
they're about to get sucked into the vortex. Yields are surging in both
countries. Bank stocks are getting their heads beaten in. Politicians in
both countries are doing the same song and dance, claiming that they're fine.
It's bad news, and both countries are probably too big to save. If they
go, the Eurozone goes kaput. Click here to see who gets smashed if Italy goes
bust >
Mix it all
up, shake... You get stocks killed , Treasury yields collapsing (why is
the government worried about saving money again?), gold soaring (up nearly
$40!), the Franc soaring and the yen soaring. Even silver caught a nice
bounce today. The S&P is now down for 2011. This is also the 8th
straight down day for the Dow, which is the first time since this has
happened since October 2008. Uh-oh.
Ominously,
the selling was super-aggressive late int he day.
In terms
of sectors, the biggest losers was industrials (down 3%) followed by
consumer services, down 2.7%.
As for the
connection between the debt ceiling deal and the markets, there's probably
no real connection, except the queazy feeling you might get from thinking
about spending cuts during a bad recovery.
S&P
Goes Negative for the Year at The Wall Street Journal
The
U.S. Fiscal Crisis: Much Like Greece Stacy
Curtin | Daily
Ticker
‘At long last, our elected officials in Washington have reached a deal
to raise the country's $14.3 trillion debt ceiling! The measure made it through
the House of Representatives Monday and is set to hit President Obama's desk by
day's end after the Senate also votes to approve the legislation. (See: THE
DEBT DEAL: Crisis Over, But More Pain To Come )
But the bipartisan deal does little to fix our long-term
budget problems, say Adam Lerrick, professor of economics at Carnegie Mellon
University, pointing to two core problems: 60% of Americans receive more from
the government than they pay in taxes, and 50% of Americans pay no income tax
at all.
"This [deal] is just a temporary stop-gap
measure," says Lerrick, an expert in sovereign debt restructuring.
"The United States has shown itself totally incapable, and this is both
parties, of dealing with its fundamental economic problems, which are Medicare,
Social Security, education and energy. And until we do, there is not going to
be any real progress in this economy."
What's more is that Lerrick thinks the U.S. is just like
Greece, with one exception: The rest of the world still considers the U.S.
dollar as its reserve currency -- at least for now. ( For more on
Greece, see: The
Greek Charade, Act II: Europeans Keep Kicking the Can, Stocks Rally ).
Lerrick, who led Argentina's $100 billion debt
restructuring, says it's only a matter of time before the world shifts away
from the U.S. dollar.
"The world is trying to find an alternative to the
dollar. The only alternative right now would be the euro, and as we've seen,
the Europeans have their own fiscal crisis," he tells The Daily Ticker's
Henry Blodget in the accompanying clip. "The day that stops, then we have a
full-blown crisis, because we will literally not be able to pay our
bills."
Right now we are on the precipice of this crisis, and
there is only way to get Washington to wake up and act beyond its
business-as-usual practices of ignoring and spending our way out of problems,
he says. Unfortunately, it's not pretty. He says we need to hit the point of no
return before politicians and the electorate are forced to make the "tough
choices" that will eventually fix our fiscal mess.
"The crisis has started," Lerrick says.
"Whether we recognize it and take action, I hope that will be the main
subject of next year's presidential election." ‘
Check out
this online comic that shows how the debt ceiling fight played out >
http://www.businessinsider.com/heres-the-hilarious-debt-ceiling-comic-strip-you-need-to-see-2011-8#-1
http://www.businessinsider.com/heres-the-hilarious-debt-ceiling-comic-strip-you-need-to-see-2011-8##ixzz1Tw46DbyU
Famed
economist predicts economic calamity in 2012. See the evidence. Newsmax
US
borrowing to surge after debt cap raised AFP | Treasury
expected to issue $331 billion in net debt in the July-September quarter, up
from $190 billion in the previous period.
How
The “Debt Man Walking,” aka Uncle Sam, Plans To Steal From You Zero Hedge | Debt ceiling
raised to palpable sighs of relief heard across global financial markets, but
the fun times are over.
Putin
Calls U.S. a “Parasite,” Demands New Reserve Currency Activist Post
| Putin seemed pleased that politicians in the U.S. agreed to a deal to raise
the debt ceiling.
Sharp
Increase in Central Bank Gold Reserves – South Korea Up 17-Fold & Thailand
15.5% in 2 Months Goldcore | Gold is higher in all currencies today except
for the Swiss franc.
Will
Fed Pump More Money as US Economy Sinks? CNBC | The view that economic
weakness will lead the Fed to pump more money into the system is gaining
ground.
The
Charts The Government Doesn’t Want You To See Wealth Cycles | A healthy
skepticism of government statistics is one of those self-preservation
mechanisms that keeps us from hurting ourselves.
The
Imminent $2.5 Trillion Debt Ceiling Hike Will Unleash A Gold Price Surge To
$1,950 And Higher Zero Hedge | Two weeks ago we presented a chart that
shows the uncanny correlation between the debt ceiling and the price of gold.
Chinese rating agency cuts U.S. debt again Wed, 03 Aug 2011 02:50:00 GMT Chinese main
credit-rating agency reportedly downgrades U.S. sovereign debt again and warns
of further ...
National / World
Opponents Of Debt Hike to be Barred From “Super Congress”
Paul Joseph Watson |
Fiscal conservatives like Rand Paul will be omitted to ensure unconstitutional
body can fast track tax increases.
The US Dictatorship and its White House Servant
‘President’ Finian
Cunningham | If there is one thing that the office of President Barack Obama
demonstrates it is that democracy does not exist in the United States.
Why Americans hated the debt debate Time.com | Pew came out with a new poll on Monday
confirming what we all already knew: The American people think the last several
weeks in Washington have been a disgrace.
Obama Debt Deal Shakes Trust of Supporters Bloomberg | Disappointment among party activists is
raising doubts about their investment in his 2012 re-election campaign.
Council Of 13 To Rule America The Alex Jones Channel | This evil power grab is out in
the open.
Max Keiser: AAA to junk – just what Wall St. wants! RT | Keiser believes the deal won’t be enough to persuade
ratings agencies to let America keep its precious ‘triple A’ credit score.
Putin
Calls U.S. a “Parasite,” Demands New Reserve Currency Activist Post
| Putin seemed pleased that politicians in the U.S. agreed to a deal to raise
the debt ceiling.
Opponents Of Debt Hike to be Barred From “Super Congress”
Paul Joseph Watson |
Fiscal conservatives like Rand Paul will be omitted to ensure unconstitutional
body can fast track tax increases.
Debt
Deal is a Blank Check Peter Schiff | By supposedly compromising to raise the debt ceiling,
Congress and the President have now paved the way for ever higher levels of
federal spending.
The Debt Crisis Is A Trojan Horse To Cause The Fall of
America Saman Mohammadi | The long transformation of America from a relatively
free society into a full-fledged, technocratic police state is now complete.
Lyndon LaRouche: Obama to Become ‘Fuhrer’ After Debt
Ceiling Vote The Alex Jones
Channel | Alex talks with Lyndon LaRouche, who has called for “the immediate
jailing of Bernanke, Geithner and Obama.
The following is my comment to an LA
Times article regarding a Justice Department cover-up! As for your inquiry, all
I think about day and night is a long overdue resolution to the RICO litigation
as set forth therein:
I believe him!
I truly empathize with the
ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize
some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual
citizenship with Italy), and some familiar crimes (ie., drug money laundering,
etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the
following ATF Agents who were probably viewed as loose ends: Steve
Willis, Robert Williams, Todd McKeahan & Conway LeBleu: Died February 28, 1993 by
gunfire at Waco. All four were examined by a pathologist and died from
identical wounds to the left temple. All four had been body guards for Bill
Clinton, three while campaigning for President and when he was Governor of
Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]
Here’s some real, complicit cover-up / fraud on the part of the federal
government, et als:
October 15, 2010 (*see infra {ultimately
delivered by UPS})
Steven M. Martinez, Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3 copies of the within DVD rom autorun disk (which will
open in your computer’s browser) as per your office’s request as made this day
(the disk and contents have been scanned by Avast, McAfee, and Norton which
I’ve installed on my computer to prevent viral attacks / infection and are
without threat). I also include 1 copy of the DVD as filed with the subject
court as referenced therein (which files are also included on the aforesaid 3
disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as
you’re aware, the RICO Act is a criminal statute which provides a civil remedy,
including treble damages and attorney fees, as an incentive for private prosecution
of said claims probably owing to the fact that the USDOJ seems somewhat
overwhelmed and in need of such assistance given the seriousness and prevalence
of said violations of law which have a corrupting influence on the process, and
which corruption is pervasive). A grievance complaint against Coan was also
filed concurrently with the subject action and held in abeyance pending
resolution of the action which was illegally dismissed without any supporting
law and in contravention of the Order of The Honorable Robert N. Chatigny,
Chief Judge, USDC, District Connecticut. The files below the horizontal rule
are the referenced documents as filed. (Owing to the damage to the financial
interests of both the U.S. and the District of Congresswoman Roybal-Allard,
viz., Los Angeles, the Qui Tam provisions of the Federal False
Claims Act probably would apply and I would absent resolution seek to refer the
within to a firm with expertise in that area of the law with which I am not
familiar) .
The document in 5 pages under penalty of perjury I was asked to forward to
the FBI office in New Haven is probably the best and most concise summary of
the case RICO Summary to FBI Under Penalty of Perjury at Their Request (5
pages) [ ricosummarytoFBIunderpenaltyofperjury.pdf
http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The correspondence I received from the Congresswoman by way of email attachment
(apparent but typical problem with my mail) along with my response thereto is
included on the 3 disks as
fbicorrespondencereyes.htm . With regard to
the calls to the FBI’s LA and New Haven, CT offices: There was one call to the
LA office and I was referred to the Long Beach, CA office where I personally
met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of
the money laundering which he confirmed as indicative of same (he was
transferred from said office within approximately a month of said meeting and
his location was not disclosed to me upon inquiry). The matter was assigned to
FBI Agent Ron Barndollar and we remained in touch for in excess of a decade
until he abruptly retired (our last conversation prior to his retirement
related to the case and parenthetically, Rudy Giuliani whose father I stated
had been an enforcer for the mob to which he registered disbelief and requested
I prove it, which I did – he served 12 years in prison, aggravated
assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew
Maloney’s the one that prosecuted gotti).
In contradistinction to the statement in said correspondence, there is a
plethora of information including evidence supporting the claims set forth in
the RICO VERIFIED COMPLAINT (see infra).
Such includes and as set forth in the case, inter alia,
A judgment
had been entered in my favor in the case, United States District Court
Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in
excess of $300,000 remains unaccounted for and which could be used for
payment to creditors, Los Angeles, etc.. Counsel
Robert Sullivan on my behalf documented by way of certification upon
investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon
which false statement he predicated a retaliatory and spurious contempt
proceeding against me causing substantial damage, and for which he sought
Judicial Notice of those and related proceedings as did I in some of my
filings. The Order
of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant
Coan’s failure to file anything whatsoever by the court’s deadline causing
creditors and me substantial damages: [ Shiff Order of
Dismissal With Prejudice on Coan’s Failure to
File Page
1
Page 2
] Defendant
Coan had filed an action against me to prevent me from suing him which
necessitated me to fly to Connecticut for a hearing before The Honorable
Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied
Coan’s requested relief as to Coan but precluded my action against Shiff
(although there is no immunity, judicial or otherwise, for criminal acts,
ie., fraud connected with a case under Title 11, USC, etc.) .
[ transcript in pertinent part -
crossexamofcoanbypeia.pdf ] Newly
appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned
the RICO case despite the conflict of interest in light of hundreds of
thousands of dollars of illegal (drug) money being laundered through the Trump
casinos by the RICO defendants, and despite my motion to recuse her which
motion she heard herself and denied, and U.S. Trustee Hugh Leonard with
whom I met personally refused to join or file a separate motion to recuse
and not long thereafter left said office for private practice at Cole,
Shotz, et als on retainer with the RICO defendants as his primary client.
Probative
and evidentiary documents, affidavits, exhibits, including those turned
over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to
Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the
U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was
U.S. Attorney, and went over said documents and their probative value with
him. Within approximately a month thereafter upon inquiry I was told that
Jonathon Lacey was no longer with the office, that the file/documents
could not be located, and that there was no further information available
concerning contacting him or his location. I thereupon delivered by hand,
copies of said documents to the office of then U.S. Attorney Alito,
addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one
mob case he had brought, bungled, lost (accidently on purpose?) since I
was suing some mob-connected under RICO and the court (I had known /
previously met outside of court the judge Ackerman through a client) was
absolute bedlam and a total joke since incompetent corrupt Alito brought
in all 20 mob defendants (rather than prosecute one or a few to flip them
first) who feigning illness had beds/cots in the courtroom along with
their moans during testimony and had the jury in stitches. As much as I
hate the mob, it truly was funny, if not so tragic.], Alito
is also corrupt (and maybe corrupt because he is inept). After a
reasonable (but still rather short) time I called to determine the status
and was told that Alito was no longer with the Office of the U.S.
Attorney, that he was (appointed) a federal judge, and that neither the
documents nor any file or record of same could be located. Alito did
parley the same / cover-up into quid pro quo direct lifetime appointment
to the Court of Appeals, 3 rd circuit,
despite the absence of judicial experience or successful tenure as U.S.
Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that
now sits on the purported highest court in the land. The real application
of the illegal rule ‘don’t ask, don’t tell’.
There is
applicable insurance / surety coverage and neither LA, nor creditors, nor I
should continue to have been damaged by this brazened corrupt and illegal
scenario, which should be resolved in accordance with the meaningful rules of
law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5 th Street, #404
Los Angeles, CA
90013
(213) 219-****
(cell phone)
(213) 622-3745
(listed land line but there are unresolved problems with the line, computer
connection may be the reason but I hesitate to chance greater non-performance /
worsening by their ‘fix’ so cell phone best for contact).{recent change
323-786-6651 -magic jack}
----------
*The foregoing and as indicated therein was previously send 9-14-10 but
delivery confirmation was flawed as set forth below and my inquiries to the
u.s. postal service rebuffed (I believe tampered with inasmuch as your office
could not locate same). This cover letter (9-13-10) is on the 3 disks with
navigable hyperlinks to the subject files for ease of reference, including the
files in the RICO action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC
Secretary, who indicates once again that your office has not received the
aforesaid and which can reasonably be presumed to have been tampered with, and
hence, a violation of the federal statute concerning same. (Ultimately
delivered by UPS) ]
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s Blog / the grim economic reality
[ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1) UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
http://www.albertpeia.com
Sincerely and Regards,
Al Peia
Senate
set to take up measure Tuesday The 269 to 161 vote broke down like
this: 174 Republicans and 95 Democrats supported the deal, while 66 Republicans
and 95 Democrats opposed it. (Washington Post) [ The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! The Daily Market Report Aug 1st, 2011 PG
‘Relief? What Relief? http://www.usagold.com/cpmforum … Late last night when party leaders and the President announced that they
had reached a bipartisan deal that would allow the debt ceiling to be raised,
gold dropped about 1%. Global stocks rallied in relief and briefly, ever so
briefly, gold was out of favor…CBO scores the package as accomplishing $2.1
trillion in spending cuts over the next 10-years, the CBO baseline also has the
deficit rising $6.7 trillion over the same period. The premise apparently being
that we’re working our way to actual cutting by cutting to slow the pace of the
nation’s proliferate spending. In actuality — and as evidenced below — that CBO
baseline may prove to be way too optimistic. What really lit an intraday fire
under gold today was the big miss on US July ISM, which plunged to 50.9. The
market was expecting a modest downtick to 55.0 from 55.3 in June… ’ The
Truth About The Debt Deal: It’s Pretty Much Meaningless Business Insider/ Come on! Who believes their
pre-election year data, reports, b***s***? There’s desperation in the air and
like never before! One commentator, Peter Shiff, to Frank Motek of 1070am
Bus.Report references the sham in Washington; and regardless, points to default
by way of inflation, further stating that the debt ceiling’s already been
breached by borrowing. Moreover, he additionally states that default is
inevitable by way of inflation; that the fed will be buying the evermore
worthless american paper (bonds) and creating/printing evermore worthless
american dollars; that there’s been a quid pro quo with at least one of the 3
(S&P, Moody’s, Fitch) federal licensed rating agencies, viz., of
reaffirming the u.s. AAA rating in return for no prosecution surrounding their
role in the S&P AAA rated worthless (fraudulent, mortgage-backed,
derivative) paper securities (fraud) giving rise to the previous leg of this
continuing, ongoing debacle / crisis. He finally goes on to recommend non-u.s.,
non-dollar denominated assets, precious metals, and alternate currencies. This is still a great opportunity
to sell / take profits since there’s much, much worse to come! Initial
unemployment claims Jul. 21, 2011 which bad news
sparked wall street rally … what total b***s***. No budget deal, celebrated
Greek Plan – DEFAULT! … sounds like a plan!…, backward looking earnings results
… riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon / Tech up today? Absolute confirmation of
dire prospects worldwide since american tech is horrendous. Yet, sizzling
‘child’s play’ is the order of the day and credit still must be given to those
[ie., Steve Jobs-I’m truly glad he saved Apple, my first computer (apple IIc
for word processing / data based records/forms/templates/data which I
interfaced with an electric typewriter for letter quality)] who could (as he)
identify such novelties as the biggest over-priced / over-valued sensations
since the hoola hoop (hoopla hoop - which were pretty cheap and with some minor
health benefits to boot).Take this run-up as a gift based on fraudulent wall
street b***s*** alone and take this opportunity to sell / take profits / ‘sell
today if you missed in may and then go away’! Nothing has been solved; maybe
forestalled. This is the umpteenth rally based upon the ‘solution’. The
ubiquitous problems make the notion of a ‘Gordian Knot’ a mere tinker toy in
comparison. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long time.
Maierhofer: ‘ USA INCOME STATEMENT :Total federal spending in 2010 amounted to $3.456 trillion. Total
receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294
trillion.The 2011 federal budget is $3.7 trillion with a projected deficit
of$1.6 trillion. … USA BALANCE SHEET : Consensus estimates for unfunded obligations vary. Mary Meeker pegs the
shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to
be $75 trillion, while other estimates exceed $100 trillion (these amounts are
insurmountable) …’ Davis ‘This is how we pay off our current debts and I
think bondholders are simply happy to get anything out of a country that admits
it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire
global GDP) in the form of unfunded liabilities. The funniest thing about this
(and you have to laugh) is to see Conservative pundits get on TV and talk about
how we need to cut $100Bn worth of discretionary spending to "fix"
this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for
the top 1% each year). There is no fixing this and even a Republican said you
can’t fool all of the people all of the time .). IT'S
GOING TO HURT 'FOR LONG TIME TO COME' ‘God
bless us everyone’! … As if we didn’t
already know it / feel it! Dave's
Daily 'If you can
keep interest rates this low this long, its inevitable cheap financing can
allow companies to start cobbling each other up. Further Ben's policies allow
companies like IBM to sell bonds at 1% and buy back shares with the proceeds
(total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell ]
A
Decade of Decline in Equity Markets Faisal Humayun [
This is a must read and explains how the market’s been artificially propped,
the dow relative to hard assets, ie., gold (dow/gold ratio), has actually
crashed 78%, and comparable prospects for the next decade, etc.. ‘…The Dow
Jones Index was trading at 11,357 levels at the beginning of the year 2000.
More than a decade later (as of beginning July 2011), the index is at 12582.
Therefore, the index has gained 11% in the last ten years…’ Yet, the
inflationary dollar (declining) debasement rate was 31%. (-31%) {See the
inflation calculator infra – and that’s just the government (inflation) numbers
… reality is much worse!} Meanwhile, the frauds on wall street are churnin’ and
earnin’ like never before at lightning computerized speeds enabling the
high-frequency trades that are commissioned in unprecedented large volumes; a
big net negative in real economic terms.]
While
Washington Fiddled The Economy Burned at Forbes [ Oh come on! Let’s get real here! The economy was already
burning (see infra), Washington notwithstanding! Indeed, the frauds on wall
street with those contraindicated paper stock computer programmed commissioned
churn-and-earn rallies would love for you to think it’s Washington only {that
aw shucks, coulda’ been clear sailin’ otherwise moment; but the reality is that
things are far more dire financially and economically than their window-dressed
scams would indicate, though washington’s no help, incompetent,
unknowledgeable, and ineffectual as they are (although fraudulent wall street,
aside from their consummate scammin’, is little better and probably overly
relied upon and light in those very areas one would expect to find profiency;
viz., finance and economics.) Most importantly, realize that if wobama’s
actions had not belied his words/campaign promises, the nation’s position,
though still ominous, would have been substantially improved.} ] Check out this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
. My own direct experience with the region(s) (particularly new jersey,
new york, virginia, connecticut, california) carves out no exception for the
prevalence of the worst of human nature; which is now collectively and
pervasively americana. Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
The
battle is done, the 2012 war begins / The
moderate middle carries the day / Defense
cuts may hurt D.C. economy / Deal
risks undermining fragile growth / What the debt deal means for . . . / The
unemployed: No insurance, no stimulus / Federal
workers: Possible job, benefits cuts / Health
care: Changes to Medicare & Medicaid / The
states: Federal money, credit ratings at risk (Washington
Post) [ A simple math example analogous to the current scenario is apposite and
follows, infra. First and foremost regarding the aforementioned worry / reality
list is that all said concerns are real and warranted. Reason: At some point
(now), even printing more evermore worthless ‘Weimar’ dollars becomes inimical
to the desired (very ephemeral) results of same (costs, margins, etc.).
Reality: 2+2 still equals 4, even if they say it’s 5 or 6 or whatever. Example:
Board of directors borrows $5M to make $1M ahead of board elections (show
profits from the interest thereon); and thereafter, upon reelection to the
board compensate themselves and their really preferred shareholders (backers)
$2M. They promise many things based on projections that have little to do with
their business because their revenue base from operations (ie., sales, etc.) is
actually declining along with the market for the product. But, they have a
somewhat good relationship with the lender’s reps who have made a ton with
these guys and in the following year
justifies yet another $5M to make $1M with a comparable divvy. The problem is
that the amount owed has gotten larger, the interest amounts greater, and net
worth lesser. [ Unnaffordable war pending, QE’s 1& 2, etc.. Drudgereport: Obama Economists Admit:
'Stimulus' Cost $278,000 per Job... ] . (Exacerbating
the scenario is the reality that many american ‘manufacurers’ can make as much
or more slapping their names on literally foreign made products, ie., even
those ‘apple things’, etc.) Much like the ‘ponzi scheme’, such a scenario
invariably crashes from its own weight as is true of america today. Relative to
the debt and prospective revenue (growth or lack thereof) the following facts
take your breath away: If you divided
the national debt up equally among all U.S. households, each one would owe a
staggering $125,475.18 . The federal government has borrowed 29,660 more dollars
per household since Barack Obama
signed the economic stimulus law two years ago. During Barack Obama's first two
years in office, the U.S. government added more to the U.S. national debt than the
first 100 U.S. Congresses combined . The
End of the American Dream [
http://endoftheamericandream.com/archives/debt-debt-debt-15-facts-about-u-s-government-finances-that-are-almost-too-crazy-to-believe ] Instead of
listening to the warnings of our founding fathers, now we are in debt hell....#1 The Obama
administration is now projecting that the federal budget deficit for this year
will be an all-time record $1.645 trillion dollars .
#2 The budget
deficit for this year alone will end up being well over 10 percent of
GDP. That is an absolutely nightmarish level.
#3 Currently, the
accumulated national debt of the U.S. government has reached a grand total of $14,123,589,307,190.53 .
#4 If you divided
the national debt up equally among all U.S. households, each one would owe a
staggering $125,475.18 .
#5 The federal
government has borrowed 29,660 more dollars
per household since Barack Obama signed the economic stimulus law two
years ago.
#6 During Barack
Obama's first two years in office, the U.S. government added more to the U.S.
national debt than the
first 100 U.S. Congresses combined .
#7 In the new
budget that the Obama administration has proposed, the U.S. government would
spend 3.7 trillion dollars in 2012 and by 2021 the U.S. government would be
spending a whopping 5.6 trillion dollars per year.
#8 The U.S.
government currently has to borrow approximately 41 cents of every single dollar that it
spends.
#9 The total
compensation that the federal government workforce earned last year came to a
grand total of approximately 447
billion dollars .
#10 The U.S.
national debt is currently rising by well over 4 billion dollars every single
day.
#11 The U.S.
government is borrowing over 2 million more dollars every single minute .
#12 The U.S.
national debt is over 14 times larger than it was
just 30 years ago.
#13 Unfunded
liabilities for entitlement programs such as Social Security and Medicare are
estimated to be well over $100 trillion , and nobody in
the U.S. government seems to have any idea how we are actually even going to
come close to meeting all of those obligations.
#14 If you were
alive when Christ was born and you spent one million dollars every single day
since that point, you still would not have spent one trillion dollars by now.
#15 If the federal
government began right at this moment to repay the U.S. national debt at a rate
of one dollar per second, it would take over 440,000 years to pay off the
national debt.
Debt
Deal Yields More Debt: Dave's Daily at TheStreet ‘ If the founders could only see what's
happening now they'd be disgusted and mighty pissed off! This is hardly a
market headline now is it? Well, you won't see it anywhere else but my sense is
most people are feeling as Father George would feel right now. We did, or are
getting, the debt ceiling relief everyone was worried and fixated upon. We'll
get a vote in the Congress after 6-7 PM EDT. On the news of this last night,
markets in Asia rallied. I was watching breathless and excited Bloomberg
anchors in Asia cheering markets. Markets opened higher in the U.S. but quickly
turned south as the important ISM Data missed consensus forecasts badly (50.9
vs 54.6 expected). This shows the economy is still contracting. The sell-off
continued until we tagged the all-important 200 day moving average in several
sectors, and with conditions much oversold, we rallied. The intraday DJIA sported a 280
point intraday swing. Nobody is paying much attention to earnings news overall since the focus is on debt and the economy. Gold fell, then
rallied and fell again modestly as nervousness remains high. The dollar rallied
against the euro and other currencies as the rubber band was stretched too far
and Bucky was at critical support. Commodities rallied early but then fell
after ISM data pointed toward
weak demand. Bonds continued to rally despite ongoing debt and debt ceiling
debate…’
Milbank:
Mourning the debt deal (Washington Post)
[ Ah, yes! Sweet Mr. Milbank. Friend to the Gipper and the new democratic
party. His pain is our pain. Let us join him in tears. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! The Daily Market Report Aug 1st, 2011 PG
‘Relief? What Relief? http://www.usagold.com/cpmforum … Late last night when party leaders and the President announced that they
had reached a bipartisan deal that would allow the debt ceiling to be raised,
gold dropped about 1%. Global stocks rallied in relief and briefly, ever so
briefly, gold was out of favor…CBO scores the package as accomplishing $2.1
trillion in spending cuts over the next 10-years, the CBO baseline also has the
deficit rising $6.7 trillion over the same period. The premise apparently being
that we’re working our way to actual cutting by cutting to slow the pace of the
nation’s proliferate spending. In actuality — and as evidenced below — that CBO
baseline may prove to be way too optimistic. What really lit an intraday fire
under gold today was the big miss on US July ISM, which plunged to 50.9. The
market was expecting a modest downtick to 55.0 from 55.3 in June… ’ The
Truth About The Debt Deal: It’s Pretty Much Meaningless Business Insider/ Come on! Who believes their
pre-election year data, reports, b***s***? There’s desperation in the air and
like never before! One commentator, Peter Shiff, to Frank Motek of 1070am
Bus.Report references the sham in Washington; and regardless, points to default
by way of inflation, further stating that the debt ceiling’s already been
breached by borrowing. Moreover, he additionally states that default is
inevitable by way of inflation; that the fed will be buying the evermore
worthless american paper (bonds) and creating/printing evermore worthless
american dollars; that there’s been a quid pro quo with at least one of the 3
(S&P, Moody’s, Fitch) federal licensed rating agencies, viz., of
reaffirming the u.s. AAA rating in return for no prosecution surrounding their
role in the S&P AAA rated worthless (fraudulent, mortgage-backed,
derivative) paper securities (fraud) giving rise to the previous leg of this
continuing, ongoing debacle / crisis. He finally goes on to recommend non-u.s.,
non-dollar denominated assets, precious metals, and alternate currencies. This is still a great opportunity
to sell / take profits since there’s much, much worse to come! Initial
unemployment claims Jul. 21, 2011 which bad news
sparked wall street rally … what total b***s***. No budget deal, celebrated
Greek Plan – DEFAULT! … sounds like a plan!…, backward looking earnings results
… riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon / Tech up today? Absolute confirmation of
dire prospects worldwide since american tech is horrendous. Yet, sizzling
‘child’s play’ is the order of the day and credit still must be given to those
[ie., Steve Jobs-I’m truly glad he saved Apple, my first computer (apple IIc
for word processing / data based records/forms/templates/data which I
interfaced with an electric typewriter for letter quality)] who could (as he)
identify such novelties as the biggest over-priced / over-valued sensations
since the hoola hoop (hoopla hoop - which were pretty cheap and with some minor
health benefits to boot).Take this run-up as a gift based on fraudulent wall
street b***s*** alone and take this opportunity to sell / take profits / ‘sell
today if you missed in may and then go away’! Nothing has been solved; maybe
forestalled. This is the umpteenth rally based upon the ‘solution’. The
ubiquitous problems make the notion of a ‘Gordian Knot’ a mere tinker toy in
comparison. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long time.
Maierhofer: ‘ USA INCOME STATEMENT :Total federal spending in 2010 amounted to $3.456 trillion. Total
receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294
trillion.The 2011 federal budget is $3.7 trillion with a projected deficit
of$1.6 trillion. … USA BALANCE SHEET : Consensus estimates for unfunded obligations vary. Mary Meeker pegs the
shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to
be $75 trillion, while other estimates exceed $100 trillion (these amounts are
insurmountable) …’ Davis ‘This is how we pay off our current debts and I
think bondholders are simply happy to get anything out of a country that admits
it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire
global GDP) in the form of unfunded liabilities. The funniest thing about this
(and you have to laugh) is to see Conservative pundits get on TV and talk about
how we need to cut $100Bn worth of discretionary spending to "fix"
this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for
the top 1% each year). There is no fixing this and even a Republican said you
can’t fool all of the people all of the time .). IT'S
GOING TO HURT 'FOR LONG TIME TO COME' ‘God
bless us everyone’! … As if we didn’t
already know it / feel it! Dave's
Daily 'If you can
keep interest rates this low this long, its inevitable cheap financing can allow
companies to start cobbling each other up. Further Ben's policies allow
companies like IBM to sell bonds at 1% and buy back shares with the proceeds
(total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell
Deal
risks compromising growth Debt-ceiling deal could avert a financial crisis but
would threaten to aggravate economic problems.
(Washington Post) [ Wake up! The old days are irrevocably over!
Market reaction? Who cares should be their knowledgeable response. Reason?
Though good for the stock market, bad for the economy. Example: QE 1 & 2 –
good for the stock market but bad and far too costly for ‘main street’ and the
economy. Another example: If the massive trillion dollar wall street frauds
were prosecuted and disgorgement imposed, the market would indeed initially go
down in manipulated fashion; but , the economy (confidence, detererrent) would
be helped (and deficits lessened) thereby and ultimately go up on fundamentals.
The stock market’s disconnect from the economy and finance generally has been
noted for quite some time. What good for them, has not been and is not good for
you. Yeah, your 401k (if you have one) might gain an extra buck this year; but,
your pink slip will be in by the end of the same year, if your company’s still
in business. And to quote Boehner’s concern with ‘doing a deal before the Asian
markets open’, I would say, ‘If you’re that concerned, borrow less, spend less,
tax the top 1% more, engage in war less.’ That was preposterous!
Mapping
the Myths of the U.S. Economy - Stacy Curtin ‘In The Real State of America
Atlas: Mapping the Myths and Truths of the United States , authors
Cynthia Enloe and Joni Seager paint a vivid picture of life in the U.S., using
a series of charts, graphics and short essays that cover almost every aspect of
the nation's economy and society as a whole.
Not only do they give state-by-state comparisons, they
show how the U.S. measures up to the rest of the world in areas such as health
care, housing and defense. But while analyzing what it's really like to live in
the U.S. today, they also uncovered a few "myths and truths" as the
title of the book suggests.
Enloe and Seager joined The Daily Ticker's Aaron Task to
share three of the most surprising misconceptions they uncovered.
#1 Land of Homeowners
The dream of owning a home is actually more the reality
in other countries. In the book, the authors point to the most recent data,
which show only 68% of Americans owned their home in 2002, compared with 92% in
Hungry, 84% in Mexico, 72% in the U.K. and 71% in Australia.
"One of the things that is a cherished notion about
America is we are a nation of homeowners, and homeownership has long been seen
as kind of the bedrock of the American dream," says Seager. "I think
the current economic crisis and the housing crisis is really shaking that
American cherished view of ourselves as having easy access to homeownership."
This is evident in another stat laid out in the book,
which shows 83% of people agreed that buying a home was a safe investment in
2003, compared with 70% in 2010. ( See: Why
I Am Never Going to Own a Home Again )
#2 Land of Opportunity
Just like the ideal of owning a home, opportunity in this
country is now also on the brink.
"Opportunity in this country means a chance for an
education … [and] a chance for a decent job that allows you to have a decent
life," says Enloe, who points to two key factors that hinder people making
it here in America.
The cost
of a college education continues to rise year after year.
The
unemployment rate remains high at 9.2%, but it doesn't factor in the
millions of "underemployed" workers -- those who are currently
working part-time but would like full-time work -- and discouraged workers
who have tired of looking for a job and have just dropped out of the job
market.
#3 Land of
Givers
While the U.S.
does give more money in foreign aid than any other country in the world, as a
percentage of GDP it falls way behind many other nations.
Whereas Sweden
gives almost 1% of its GDP in 2008, the U.S. gave 0.19%.
"I think
it really should shake Americans' self-perception of two things," says
Enloe. "[One] is cutting foreign aid actually the ticket to balancing the
budget, but also how do we shape up compared to other countries'
generosity?" ’
. My own direct experience with the region(s) (particularly new jersey,
new york, virginia, connecticut, california) carves out no exception for the
prevalence of the worst of human nature; which is now collectively and
pervasively americana. Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Ezra Klein :What if it’s
Democrats, not Republicans, who will prefer the trigger to a deal on the debt
ceiling. (Washington Post) [ What if your grandmother had wheels … she’d be a
trolley car of course! Let’s get real here. What does it matter? The point is
that such ‘triggers’ leave at least some wiggle room for the pols while at the
same time providing multiple spin scenarios; yet, while people mentally masturbate
over such nuances of ‘meaningless phenomenology’ also known as beltway
politics, the real question is, ‘does this solve the problem?’. My unequivocal
answer is, ‘no it does not!’ The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! The Daily Market Report Aug 1st, 2011 PG
‘Relief? What Relief? http://www.usagold.com/cpmforum … Late last night when party leaders and the President announced that they
had reached a bipartisan deal that would allow the debt ceiling to be raised,
gold dropped about 1%. Global stocks rallied in relief and briefly, ever so
briefly, gold was out of favor…CBO scores the package as accomplishing $2.1
trillion in spending cuts over the next 10-years, the CBO baseline also has the
deficit rising $6.7 trillion over the same period. The premise apparently being
that we’re working our way to actual cutting by cutting to slow the pace of the
nation’s proliferate spending. In actuality — and as evidenced below — that CBO
baseline may prove to be way too optimistic. What really lit an intraday fire
under gold today was the big miss on US July ISM, which plunged to 50.9. The
market was expecting a modest downtick to 55.0 from 55.3 in June… ’ The
Truth About The Debt Deal: It’s Pretty Much Meaningless Business Insider/ Come on! Who believes their
pre-election year data, reports, b***s***? There’s desperation in the air and
like never before! One commentator, Peter Shiff, to Frank Motek of 1070am
Bus.Report references the sham in Washington; and regardless, points to default
by way of inflation, further stating that the debt ceiling’s already been
breached by borrowing. Moreover, he additionally states that default is
inevitable by way of inflation; that the fed will be buying the evermore
worthless american paper (bonds) and creating/printing evermore worthless
american dollars; that there’s been a quid pro quo with at least one of the 3
(S&P, Moody’s, Fitch) federal licensed rating agencies, viz., of
reaffirming the u.s. AAA rating in return for no prosecution surrounding their
role in the S&P AAA rated worthless (fraudulent, mortgage-backed,
derivative) paper securities (fraud) giving rise to the previous leg of this
continuing, ongoing debacle / crisis. He finally goes on to recommend non-u.s.,
non-dollar denominated assets, precious metals, and alternate currencies. This is still a great opportunity
to sell / take profits since there’s much, much worse to come! Initial
unemployment claims Jul. 21, 2011 which bad news
sparked wall street rally … what total b***s***. No budget deal, celebrated
Greek Plan – DEFAULT! … sounds like a plan!…, backward looking earnings results
… riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon / Tech up today? Absolute confirmation of
dire prospects worldwide since american tech is horrendous. Yet, sizzling
‘child’s play’ is the order of the day and credit still must be given to those
[ie., Steve Jobs-I’m truly glad he saved Apple, my first computer (apple IIc
for word processing / data based records/forms/templates/data which I
interfaced with an electric typewriter for letter quality)] who could (as he)
identify such novelties as the biggest over-priced / over-valued sensations
since the hoola hoop (hoopla hoop - which were pretty cheap and with some minor
health benefits to boot).Take this run-up as a gift based on fraudulent wall
street b***s*** alone and take this opportunity to sell / take profits / ‘sell
today if you missed in may and then go away’! Nothing has been solved; maybe
forestalled. This is the umpteenth rally based upon the ‘solution’. The
ubiquitous problems make the notion of a ‘Gordian Knot’ a mere tinker toy in
comparison. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long time.
Maierhofer: ‘ USA INCOME STATEMENT :Total federal spending in 2010 amounted to $3.456 trillion. Total
receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294
trillion.The 2011 federal budget is $3.7 trillion with a projected deficit
of$1.6 trillion. … USA BALANCE SHEET : Consensus estimates for unfunded obligations vary. Mary Meeker pegs the
shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to
be $75 trillion, while other estimates exceed $100 trillion (these amounts are
insurmountable) …’ Davis ‘This is how we pay off our current debts and I
think bondholders are simply happy to get anything out of a country that admits
it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire
global GDP) in the form of unfunded liabilities. The funniest thing about this
(and you have to laugh) is to see Conservative pundits get on TV and talk about
how we need to cut $100Bn worth of discretionary spending to "fix"
this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for
the top 1% each year). There is no fixing this and even a Republican said you
can’t fool all of the people all of the time .). IT'S
GOING TO HURT 'FOR LONG TIME TO COME' ‘God
bless us everyone’! … As if we didn’t
already know it / feel it! Dave's
Daily 'If you can
keep interest rates this low this long, its inevitable cheap financing can allow
companies to start cobbling each other up. Further Ben's policies allow
companies like IBM to sell bonds at 1% and buy back shares with the proceeds
(total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell http://www.albertpeia.com/inflationcalculator.htm Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I
wrote the book Prelude To Meltdown , predicting the
global crisis that occurred the following year. I now see a similar
confluence of events that warns of phase II of the global crisis.
Once again I see all the “canaries in the mine,” which
warned of the 2008 crisis. My just released book, Financial Apocalypse , provides the clues and the road map, with charts, of how
my indicators successfully predicted the meltdown that occurred in the
fall of 2008. This book is a guide for detecting the next crisis whenever it
occurs. History repeats, or at minimum, it rhymes.
My work shows that “the new recession has started.” The
May 9 issue of the Wellington Letter was
headlined: “Return of the Double-Dip.” At the time, economists were
looking for a great economy in the second half. Now they talk about a “soft
patch.” Over the past 33 years, we have called the start of every
recession, often on the exact month, or within one month, of the official start
as determined one year later by the official arbiter of recession, the National
Bureau of Economic Research (NBER).
How can we be in recession now when the GDP still shows
growth? Because of improper inflation adjustments. “Real” GDP growth, the
headline number, is nominal growth minus the rate of inflation. However,
inflation is far understated for political reasons.
Currently, the GDP deflator is 1.8%, which hardly
reflects the true rise in prices. Therefore, what is counted as “growth,” is
actually price increases. Actual inflation, according to free market economists
who calculate inflation as it was done in 1980 before the politician re-engineered
it, is now more than 11%. Using that to adjust GDP for inflation, would show
that the economy is now in a very sharp contraction.
When the current euphoric earnings forecasts of Wall
Street finally reflect that via significant “earnings downgrades,” the stock
market will see a serious “adjustment” as well.
On July 18, Goldman Sachs ( GS ) substantially
lowered its economic growth forecast. Marketwatch.com had this headline: Goldman Sachs slashes Economic Forecasts . The next step
will be for them to substantially reduce earnings forecasts for the S&P
500.
Will the phase II be as bad as the 2008 crisis? The last
crisis was confined to the private sector, i.e. financial institutions. The
next one will be involve the threatened default of entire countries. The last
time, the central banks bailed out the financial firms and even Warren Buffett
bailed out several firms. Who is big enough to bail out entire countries? Or
will the term of “too big to fail” turn to “too big to bail?” …’
Here’s a picture of obama voters / backers: http://www.albertpeia.com/wobamavoters.gif
Top 3 Reasons Markets Were Down on Debt Deal and a Weak
Manufacturing Report Wall St. Cheat Sheet ‘August 1, 2011, Markets closed down on Wall Street today: Dow -0.09% ,
S&P -0.41% , Nasdaq -0.43% , Oil -0.50% , Gold -0.57 % .
On the commodities front, Oil fell to $95.22. Precious
metals also fell, with Gold down to $1,621.90 an ounce and Silver down 1.85% to
$39.37 an ounce.
Don’t Miss: The
U.S. Debt Deal: Your Cheat Sheet to the Framework .
Today’s markets were down because:
1) DEBT CEILING. Last night President Obama announced
that negotiators from both parties and both chambers of Congress had reached
a compromise on a debt proposal. But as leaders try to sell the deal
to their peers, it’s looking like it might be a close vote. The House is
currently hearing from both the bill’s supporters and its opposition, which
comes in the form of both liberal and conservative representatives. Polls
showed that most Americans wanted a deal that placed some of the burden of
balancing the budget on taxes, if only on the wealthy, rather than focusing solely
on spending cuts as the deal does. All of that leads to a less than optimistic
turnout at the markets despite what should have been a huge sigh of relief.
2 ) MANUFACTURING. While news of a likely debt ceiling
solution might have given markets a boost in the absence of any truly negative
data, we’ll never know, as the ISM Manufacturing Report released before the markets
opened today showed that growth in the sector slowed to a snail’s pace in July,
not just in the U.S. but globally.
3) HEALTHCARE. Taking a huge beating today were
healthcare stocks, down on fears that cuts to Medicare would reduce revenue for
everything from drug companies like Pfizer to healthcare providers like Humana
. Healthcare stocks were down across the board, despite many positive earnings
reports last week. Keep your eye on these top healthcare stocks as the debt
deal unfolds: Johnson & Johnson , Pfizer Inc. , Bristol Myers Squibb Co. ,
GlaxoSmithKline plc , Sanofi-Aventis SA , Eli Lilly & Co. , Abbott
Laboratories , Teva Pharmaceutical Industries Ltd , and Novartis AG …’
Debt
Deal Yields More Debt: Dave's Daily at TheStreet ‘ If the founders could only see what's
happening now they'd be disgusted and mighty pissed off! This is hardly a
market headline now is it? Well, you won't see it anywhere else but my sense is
most people are feeling as Father George would feel right now. We did, or are
getting, the debt ceiling relief everyone was worried and fixated upon. We'll
get a vote in the Congress after 6-7 PM EDT. On the news of this last night,
markets in Asia rallied. I was watching breathless and excited Bloomberg
anchors in Asia cheering markets. Markets opened higher in the U.S. but quickly
turned south as the important ISM Data missed consensus forecasts badly (50.9
vs 54.6 expected). This shows the economy is still contracting. The sell-off
continued until we tagged the all-important 200 day moving average in several
sectors, and with conditions much oversold, we rallied. The intraday DJIA sported a 280
point intraday swing. Nobody is paying much attention to earnings news overall since the focus is on debt and the economy. Gold fell, then
rallied and fell again modestly as nervousness remains high. The dollar rallied
against the euro and other currencies as the rubber band was stretched too far
and Bucky was at critical support. Commodities rallied early but then fell after
ISM data pointed toward
weak demand. Bonds continued to rally despite ongoing debt and debt ceiling
debate…’
Debt
Deal Is A Blank Check at Forbes
U.S.
Economic Pessimism Grows - Stacy Curtin
‘While Democrats and Republicans were arguing over how to prevent the
U.S. from a default, families across the country have become increasingly
concerned about the overall state of the economy, according to the American Enterprise
Institute's latest compilation of recent polls taken in various
regions.
Friday's worse than expected GDP numbers only reaffirm
this notion. The U.S. economy grew less than expected in the second quarter at
1.3%, but the bigger shock came after Q1 GDP was revised down to 0.4% from
1.9%. These numbers suggest the country could be headed for another recession
and Americans are definitely feeling the pain. ( See: 2011
Is Proving to Be a Horrible Year For the Economy )
One of the most disconcerting findings in the AEI report
is a CBS/New York Times poll from June. It showed that over the last year, more
Americans have come to believe the current economic downturn is part of a
long-term permanent decline and that the economy will never fully recover. In
October 2010, 28% of respondents agreed with that statement, versus 39% last
month.
"Americans are so pessimistic about the economy now
... . And the level of public pessimism is actually higher than the deep
1981-82 recession overall," due to grim personal outlooks on a number of
issues like jobs, retirement and health care, says Karlyn Bowman , a senior
fellow at AEI who co-authored the report. "Their negative sentiments are
affecting the way they feel about their family's future, and interestingly, the
way they feel about their state governments. Usually negative attitudes about
the national government don't seep into attitudes about the state government,
but this time it is really different. This negative, gloomy mood is pervasive.
Speaker of the House John Boehner echoed these concerns
Thursday before one of the many failed House votes to raise the country's debt
ceiling. "This is a challenging time for our country," he said.
"Americans are worried about their jobs. They're worried about our
economy. And they're worried about our debt."
Since the polls in the report were conducted before the
debt-ceiling debate really began heating up over the last few weeks, one might
conclude that if the same questions were asked today the responses would be
even more pessimistic.
Here are other key findings from the AEI report:
Job anxiety : In the past
six months, about 5% of Americans surveyed had lost their job, two in 10 said a
family member had lost a job, and six in 10 knew someone who lost a job.
In June 2011, 58 percent were very or somewhat worried
they could lose a job in the next 12 months. Nearly eight in 10 say jobs are
difficult to find where they live. Around a quarter are worried about benefit
or pay cuts.
Cutting back: Americans are
cutting back on everything from health care to haircuts. Fewer than four in 10
say their personal financial situation is in excellent or good shape right now.
Almost as many people say they are falling behind as believe they are getting
ahead, but the vast majority describe their financial situation as having just
enough money to maintain their standard of living. Inflation worries are high
and steady.
Retirement: There's been a
dramatic drop in the number of Americans who say they have enough money to
retire. In 2002, around six in 10 believed they would have enough money. In the
latest survey by Gallup in April, only about four in 10 say they will.’
10
Reasons We Are Heading for a Recession
[video]
ISM Sparks Selling at TheStreet.com
Poor
Manufacturing Report Knocks Stock ETFs ETF Trends
Minyanville's
T3 Daily Recap: Dow Swings 284 Points Despite Debt Deal at Minyanville
Mid
Cap Selloff: Does it Signal the End of the Bull Market? at The Wall
Street Journal ‘ “This is the
end of the run,” says Peter Boockvar, an equity strategist at Miller Tabak +
Co. in New York.’
NY Fed’s gold
hoard worth $350 billion AFP | The biggest
single pile of gold on the planet lies beneath the New York branch of the US
Federal Reserve Bank.
Bulldoze: The New
Way To Foreclose TIME | Banks have a
new remedy to America’s ailing housing market: Bulldozers.
The
Truth About The Debt Deal: It’s Pretty Much Meaningless Business
Insider | The debt deal actually cuts almost nothing now–it just
promises future cuts.
Soaring
demand spotlights secret NY gold hoard AFP | Gold prices hit a record $1,632.8
an ounce Friday.
Ron
Paul: Freeze the Budget and Stop Plundering the American People! Ron Paul |
Texas Straight Talk.
Now We
Return To The REAL Crisis In The World Business Insider | Real problems.
China’s
Answer To Inflation: SkyNet – Foxconn Plans To Replace Workers With Millions Of
Robots Zero Hedge | SkyNet has taken over the market.
Senate
blocks House Republicans’ debt plan House GOP leaders won narrow
approval of a plan to raise the federal debt limit Friday after revising
the measure to appeal to rebellious conservatives, but it was quickly rejected
by the Senate, where lawmakers were pursuing a separate, bipartisan agreement.
(Washington Post) [ Maierhofer: ‘ USA
INCOME STATEMENT :Total federal spending in 2010
amounted to $3.456 trillion. Total receipts added up to $2.162 trillion. USA
Inc.'s 2010 deficit was $1.294 trillion.The 2011 federal budget is $3.7
trillion with a projected deficit of$1.6 trillion. … USA
BALANCE SHEET : Consensus estimates for unfunded
obligations vary. Mary Meeker pegs the shortfall at $31 trillion, PIMCO's Bill
Gross estimates the unreported debt to be $75 trillion, while other estimates
exceed $100 trillion (these amounts are insurmountable) …’ Davis ‘This is how we
pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see Conservative
pundits get on TV and talk about how we need to cut $100Bn worth of
discretionary spending to "fix" this (while continuing to spend $1Tn
on the military and $1Tn on tax cuts for the top 1% each year). There is no
fixing this and even a Republican said you can’t fool all of the people all of
the time .). America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
U.S.
economy slows sharply Cutbacks by state and local governments helped restrict
economic growth to anemic levels. (Washington Post) [ See! All that money into
ultimately wall street’s pockets at taxpapayer expense did work … for the
frauds on wall street … Dave's
Daily 'If you can
keep interest rates this low this long, its inevitable cheap financing can
allow companies to start cobbling each other up. Further Ben's policies allow
companies like IBM to sell bonds at 1% and buy back shares with the proceeds
(total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- A
Decade of Decline in Equity Markets Faisal Humayun [
This is a must read and explains how the market’s been artificially propped,
the dow relative to hard assets, ie., gold (dow/gold ratio), has actually
crashed 78%, and comparable prospects for the next decade, etc.. ‘…The Dow
Jones Index was trading at 11,357 levels at the beginning of the year 2000. More
than a decade later (as of beginning July 2011), the index is at 12582.
Therefore, the index has gained 11% in the last ten years…’ Yet, the
inflationary dollar (declining) debasement rate was 31%. (-31%) {See the
inflation calculator infra – and that’s just the government (inflation) numbers
… reality is much worse!} Meanwhile, the frauds on wall street are churnin’ and
earnin’ like never before at lightning computerized speeds enabling the
high-frequency trades that are commissioned in unprecedented large volumes; a
big net negative in real economic terms.]
While
Washington Fiddled The Economy Burned at Forbes [ Oh come on! Let’s get real here! The economy was already
burning (see infra), Washington notwithstanding! Indeed, the frauds on wall
street with those contraindicated paper stock computer programmed commissioned
churn-and-earn rallies would love for you to think it’s Washington only {that
aw shucks, coulda’ been clear sailin’ otherwise moment; but the reality is that
things are far more dire financially and economically than their window-dressed
scams would indicate, though washington’s no help, incompetent,
unknowledgeable, and ineffectual as they are (although fraudulent wall street,
aside from their consummate scammin’, is little better and probably overly
relied upon and light in those very areas one would expect to find profiency;
viz., finance and economics.) Most importantly, realize that if wobama’s
actions had not belied his words/campaign promises, the nation’s position,
though still ominous, would have been substantially improved.} ] Check out this
inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
http://www.albertpeia.com/inflationcalculator.htm Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I
wrote the book Prelude To Meltdown , predicting the
global crisis that occurred the following year. I now see a similar
confluence of events that warns of phase II of the global crisis.
Once again I see all the “canaries in the mine,” which
warned of the 2008 crisis. My just released book, Financial Apocalypse , provides the clues and the road map, with charts, of how
my indicators successfully predicted the meltdown that occurred in the
fall of 2008. This book is a guide for detecting the next crisis whenever it
occurs. History repeats, or at minimum, it rhymes.
My work shows that “the new recession has started.” The
May 9 issue of the Wellington Letter was
headlined: “Return of the Double-Dip.” At the time, economists were
looking for a great economy in the second half. Now they talk about a “soft
patch.” Over the past 33 years, we have called the start of every
recession, often on the exact month, or within one month, of the official start
as determined one year later by the official arbiter of recession, the National
Bureau of Economic Research (NBER).
How can we be in recession now when the GDP still shows
growth? Because of improper inflation adjustments. “Real” GDP growth, the
headline number, is nominal growth minus the rate of inflation. However,
inflation is far understated for political reasons.
Currently, the GDP deflator is 1.8%, which hardly
reflects the true rise in prices. Therefore, what is counted as “growth,” is
actually price increases. Actual inflation, according to free market economists
who calculate inflation as it was done in 1980 before the politician
re-engineered it, is now more than 11%. Using that to adjust GDP for inflation,
would show that the economy is now in a very sharp contraction.
When the current euphoric earnings forecasts of Wall
Street finally reflect that via significant “earnings downgrades,” the stock
market will see a serious “adjustment” as well.
On July 18, Goldman Sachs ( GS ) substantially
lowered its economic growth forecast. Marketwatch.com had this headline: Goldman Sachs slashes Economic Forecasts . The next step
will be for them to substantially reduce earnings forecasts for the S&P
500.
Will the phase II be as bad as the 2008 crisis? The last
crisis was confined to the private sector, i.e. financial institutions. The
next one will be involve the threatened default of entire countries. The last
time, the central banks bailed out the financial firms and even Warren Buffett
bailed out several firms. Who is big enough to bail out entire countries? Or
will the term of “too big to fail” turn to “too big to bail?” …’
Stocks
post worst week in one year Concerns over the stalled debt talks in
Washington finally take a noticeable toll on the markets. (Washington Post) [ The frauds on wall
street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed ! Come on! Who believes their pre-election year data,
reports, b***s***? There’s desperation in the air and like never before! One
commentator, Peter Shiff, to Frank Motek of 1070am Bus.Report references the
sham in Washington; and regardless, points to default by way of inflation,
further stating that the debt ceiling’s already been breached by borrowing.
Moreover, he additionally states that default is inevitable by way of
inflation; that the fed will be buying the evermore worthless american paper
(bonds) and creating/printing evermore worthless american dollars; that there’s
been a quid pro quo with at least one of the 3 (S&P, Moody’s, Fitch)
federal licensed rating agencies, viz., of reaffirming the u.s. AAA rating in
return for no prosecution surrounding their role in the S&P AAA rated
worthless (fraudulent, mortgage-backed, derivative) paper securities (fraud)
giving rise to the previous leg of this continuing, ongoing debacle / crisis.
He finally goes on to recommend non-u.s., non-dollar denominated assets,
precious metals, and alternate currencies. This is still a great
opportunity to sell / take profits since there’s much, much worse to come! Initial
unemployment
claims Jul. 21, 2011 which bad news
sparked wall street rally … what total b***s***. No budget deal, celebrated
Greek Plan – DEFAULT! … sounds like a plan!…, backward looking earnings results
… riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon A
Decade of Decline in Equity Markets Faisal Humayun [
This is a must read and explains how the market’s been artificially propped,
the dow relative to hard assets, ie., gold (dow/gold ratio), has actually
crashed 78%, and comparable prospects for the next decade, etc.. ‘…The Dow
Jones Index was trading at 11,357 levels at the beginning of the year 2000.
More than a decade later (as of beginning July 2011), the index is at 12582.
Therefore, the index has gained 11% in the last ten years…’ Yet, the
inflationary dollar (declining) debasement rate was 31%. (-31%) {See the
inflation calculator infra – and that’s just the government (inflation) numbers
… reality is much worse!} Meanwhile, the frauds on wall street are churnin’ and
earnin’ like never before at lightning computerized speeds enabling the high-frequency
trades that are commissioned in unprecedented large volumes; a big net negative
in real economic terms.] While
Washington Fiddled The Economy Burned at Forbes [ Oh come on! Let’s get real here! The economy was already
burning (see infra), Washington notwithstanding! Indeed, the frauds on wall
street with those contraindicated paper stock computer programmed commissioned
churn-and-earn rallies would love for you to think it’s Washington only {that
aw shucks, coulda’ been clear sailin’ otherwise moment; but the reality is that
things are far more dire financially and economically than their window-dressed
scams would indicate, though washington’s no help, incompetent,
unknowledgeable, and ineffectual as they are (although fraudulent wall street,
aside from their consummate scammin’, is little better and probably overly
relied upon and light in those very areas one would expect to find profiency;
viz., finance and economics.) Most importantly, realize that if wobama’s
actions had not belied his words/campaign promises, the nation’s position,
though still ominous, would have been substantially improved.} ] Check out this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
National / World
Super Congress To Target Second Amendment Paul Joseph Watson & Alex Jones | Unconstitutional
body created by debt deal to get “even greater super powers”.
Putin says U.S. is a “parasite” on global economy Reuters | “They are living like parasites off the global
economy and their monopoly of the dollar.”
The Truth About The Debt Deal: It’s Pretty Much
Meaningless Business
Insider | The debt deal actually cuts almost nothing now–it just promises
future cuts that may or may not materialize.
Debt deal agreed but may not save US AAA credit rating London Guardian | America has moved away from the brink
of a catastrophic default after a deal was reached overnight to raise its debt
ceiling.
Infowars Special Report With Mike Adams & Richard
Mack Prison Planet.tv |
Special video report for Prison Planet.tv subscribers concentrating on cloning,
GMO and the unfolding police state.
Infowars Special Report With Mike Adams & Richard
Mack Prison Planet.tv |
Special video report for Prison Planet.tv subscribers concentrating on cloning,
GMO and the unfolding police state.
Obama
Launches Gun Grab TheAlexJonesChannel | This mandate by the ATF– imposed without law via executive policy–
clearly conditions the public that gun purchase is criminal.
Raising the Debt Ceiling Avoids the Spending Addiction Sartre | The latest example of political hyperbole is that the U.S. Treasury is
ready to default on its debt.
U.S.
review finds Iraq more dangerous Special inspector general cites
increased attacks on U.S. troops and a wave of assassinations. (Washington
Post) [ You mean they’re not showing their love? Who woulda’ thunk it? After
all, the u.s. has destroyed their country, killed many innocent women and
children, filled the land with depeted uranium, etc., all based on a lie … How
ungrateful. See, when america’s involved, ‘no bad deed goes punished’! Oh,
riiiiight, almost … as corrected by the ‘u.s. ministry of propaganda’, ‘no good
deed goes unpunished’. Sounds like a plan! One of those pervasively corrupt,
defacto bankrupt american plans … riiiiight! Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J.
Buchanan | ..bush prepared to invade Iraq in 2002..likely cost
would be $60 billion, said Mitch Daniels of the OMB..finance the war with Iraqi
oil,said Wolfowitz..the cost of the Iraq War? It has passed $1 trillion..’,
etc.. .). America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Treasury
prepares contingency plans Agency is making tough calculations as it plans to keep
the government operating in case of default. (Washington Post) [ Oooh! Sounds
like a plan! Yet, given the nation’s defacto bankruptcy, insurmountable debt
(and importantly, lack of will to change the plunge into the abyss), and
defacto default, one can only wonder whether ‘such dogs as these’ still hunt. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long time.
Maierhofer: ‘ USA INCOME STATEMENT :Total federal spending in 2010 amounted to $3.456 trillion. Total
receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294
trillion.The 2011 federal budget is $3.7 trillion with a projected deficit
of$1.6 trillion. … USA BALANCE SHEET : Consensus estimates for unfunded obligations vary. Mary Meeker pegs the
shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to
be $75 trillion, while other estimates exceed $100 trillion (these amounts are
insurmountable) …’ IT'S
GOING TO HURT 'FOR LONG TIME TO COME' ‘God
bless us everyone’! … As if we didn’t
already know it / feel it! The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed ! Come on! Who believes their pre-election year data, reports, b***s***?
There’s desperation in the air and like never before! One commentator, Peter
Shiff, to Frank Motek of 1070am Bus.Report references the sham in Washington;
and regardless, points to default by way of inflation, further stating that the
debt ceiling’s already been breached by borrowing. Moreover, he additionally
states that default is inevitable by way of inflation; that the fed will be
buying the evermore worthless american paper (bonds) and creating/printing
evermore worthless american dollars; that there’s been a quid pro quo with at
least one of the 3 (S&P, Moody’s, Fitch) federal licensed rating agencies,
viz., of reaffirming the u.s. AAA rating in return for no prosecution
surrounding their role in the S&P AAA rated worthless (fraudulent,
mortgage-backed, derivative) paper securities (fraud) giving rise to the
previous leg of this continuing, ongoing debacle / crisis. He finally goes on
to recommend non-u.s., non-dollar denominated assets, precious metals, and
alternate currencies. This is still a great opportunity to sell /
take profits since there’s much, much worse to come ! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon
Will:
Declaration of independents (Washington Post) [ Wow!
Praxeology and more completely: The Formal and Aprioristic Character of Praxeology . Are you sure you didn’t mean
‘Proctology’. You know, all those thumbs and all in washington. I wish I could
say I’m impressed; but clearly, I’m not. I think focus should be on the more
simple if not simplistic thought processes. You know, positives / negatives,
pluses / minuses, and simple dichotomies as good / bad, etc.; at least for a
start, to match mental ability/capacity, and yet encompass virtually all
problems confronting the nation; viz., ie., war / peace, solvency / insolvency,
lawful / unlawful, fair / unfair, what’s good / what’s bad, etc.. Yeah, think
binary; or, stated another way, ‘keep it simple stupids’, that kiss (i) sing
approach ‘for luck and we’re on our way’ ‘cause we’ve only just begun (the
song). ‘What
would Jesus cut?’ (Washington
Post) [ Don’t bring Jesus into this! After all, he’d probably already have been
nailed to some cross somewhere in this pro-israel nouveau new world order
‘roman empire’ at the behest of some nwo neo-con israeli shill.] A
summer camp for atheists [Camp as in
camping?]Welcome to Camp Quest, the freethinkers’ answer to Bible school, where
belief means different things. [ I previously weighed in / wrote: Why
do Americans still dislike atheists? (Washington
Post) [ And not just americans … Why?
First and foremost because there is a God. Second, it is intellectually
dishonest to be an atheist. Specifically, there is absolutely no evidence to
dispute the existence of God. While one might similarly argue that there is no
evidence to suggest there is a God (which I would dispute), which for most is a
fair statement, the same would yield at best, if intellectually honest, the
position of ‘agnostic’. I can totally understand and even empathize with the
view of the agnostic. After all, at this point, there seems to be ‘no rhyme nor
reason’ at all. But, think binary, positives / negatives. Just too many
negatives. Think ‘capital punishment’. No, the world’s not going to end in 2012
as some fear. Rather, think slow burn; decades at best; then ‘poof’. In the
scheme of things, this world’s just not that important (apes, notochordates, and initially single celled
organisms). ] Science
and religion: God didn't make man; man made gods http://discussions.latimes.com/20/lanews/la-oe-thompson-atheism-20110718/10 Among the songs I have chord charts for (courtesy of my
guitar instructor), I know the words to the song. I’m all for peace because
it’s rational. ‘No possessions’, John Lennon didn’t give up one. He even was
pro-Reagan politically. Have you taken a really close look at this world today
and what man’s created, ‘mr. and mrs. pro-science and reason’. You obviously
take delight in speaking about a subject far beyond your own capacity to truly
understand; and then your non-sequitor, unprovable conclusions. Quite simply,
the authors of this article are pathetic and merely seem to be looking
desperately for an audience; a niche where really profound truth gives way as
does form over substance. Once again, you are pathetic! Harold
Camping reaffirms October date for the end of the world, says May 21 date was
'invisible judgment day' (The Washington
Post) [ I comment here not owing to the importance of the latest ‘prediction’
by camping who’s probably ‘been camping’ too long in the nether reaches of the
atmosphere (affects the brain, ‘neural firing’ in a negative fashion); but to
allay public concerns, and particularly for those suffering from generalized
anxiety disorder, to subtract one life circumstance from their unrealistic
worry; and, because I had previously commented as set forth infra. No! The
world will not be ending on October 21, 2011 or any other date as set forth by
camping. Indeed, God needs no mathematics, formulae, or codes to surreptitiously
convey the end; his hand ultimately unmistakably known to all. You’ll know it
when you see it. As for camping, let’s play umpires and predict the future;
strike three, he’s out. Harold
Camping: the heart of the doomsday frenzy (Los Angeles Times) The last-minute
rapture reading list (Los Angeles
Times) [Drudgereport: Preacher made same prediction
in 1994... Doomsday church thriving,
worth $72 million... [Previous: ‘End
of Days’ message rolls into D.C. (Washington
Post) The potentially rotten news
that the world will end on May 21 arrived plastered on a caravan of RVs. [ Gee
… little premature … you know, that 2012, end of Mayan calendar, Nostradamus
thing … ]
Happy
birthday, Mr. President GALLERY | Dana Milbank imagines the cards Congress will
send on Aug. 4 to celebrate Obama’s 50th.
(Washington Post) [ Yeah … beyond the overwhelming predominance of hate
mail, I too conjure up an image celebratory of wobama’s 50 th with Mr.
Milbank, dressed in drag, with blond wig, pronouncedly darkened mole on cheek,
and in a soft, raspy but sultry, sexy voice singing ‘happy birthday Mr.
President’. I mean, come on … we all know somethin’s goin’ on between them …
you know, kind of a love affair for the ages … Riiiiight! Milbank:
Dealing with the Default Caucus (Washington Post) [ I just love ‘wobama the b’ (for b***s***)
apologist in chief, Mr. Milbank. He’s so egalitarian; surprising all by his
colloquial reference to whom one might otherwise consider to be his political
polar opposite, and even political nemesis in the persona of Ronald Reagan, so
tritely referred to by Mr. Milbank as ‘The Gipper’ in whom Mr. Milbank posits
the inspiration, ‘heart and soul’, of ‘the new democratic party’. What total
b***s***! How about everyone, including Mr. Milbank, realizing the dire
predicament facing the nation owing to a now familiar political strategy of
‘kicking the can’ down the road a piece till the problem (insolvency of the
nation) has as now become insurmountable and hence, unsolvable. That’s where
we’re at now! .
Drudgereport: HARRY
BELAFONTE: Obama 'has failed'... NOONAN:
'HE IS A LOSER'... GALLUP:
40% APPROVAL...
Obama
takes debt battle to TWITTER, loses more than 33,000 followers... FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'...
TEMPLETON
chairman: Financial Crisis 'Around Corner'... 'WE
ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...'
Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job...
GALLUP
SHOCK: 'REPUBLICAN' BEATS OBAMA BY 8% APPROVE:
42% Return
of Mass Layoffs a Grim Sign...
Dollar
falls to all-time low against Swiss franc...
GOP
REVOLTS
Obama Threatens Another Veto... Just
hours after urging compromise... Carney
Admits Obama Has No Plan...
OBAMA'S
BASE CRUMBLES
BALL
IN YOUR COURT, HARRY[, aka Mr. Milktoast, aka Majority Leader of Harry’s Wh*r*
House]! NO!
22 REPUBLICANS BUCKED BOEHNER... DC
racing against clock...
Milbank:
Congress is now middle school ‘Anew Washington
Post-ABC News poll finds that 80 percent of Americans are dissatisfied with
the way the federal government is working. Such a finding leads to an
inevitable conclusion: The other 20 percent aren’t paying attention … Ah, sweet
Mr. Milbank. Who said he gets things wrong? Middle school? From Gipper (I
always hated that trite reference to Reagan – and again, let me reiterate that
though I liked Reagan as a very likeable guy, the last real american leader /
president was the underrated but great President General Eisenhower who warned
of the current debacle called america in the sense of admonishing of the danger
inherent to the now entrenched ‘military industrio-inferiority complex’) to
graduation, perma-wobama apologist Mr. Milbank has come a long way; but, a pile
of b***s*** in the form of ‘wobama the b’ stands intractably in his way, no
matter what. Because … ? You can’t change what lamentably wobama is and has proven himself to be. If only he
had done what he promised he would do (those false campaign promises which got
him elected). But alas, as in the moral of the story of the ‘scorpion and the
frog’, you cannot change the nature of that cowardly, failed ‘president’ called
‘wobama the b’. [ The
new party of Reagan The Gipper helps make the case for Democrats.
(Washington Post) [ ‘Well there you go again’ quoting the ‘Gipper’, off the
deep end as one might expect from wobama apologist Mr. Milbank (he’s somewhat
of a lemming himself). After all, how different really are the parties these
days when profligate spending on illegal, unnecessary wars was continued when
democrats controlled congress, and then even the executive office when
continuing failed president and war criminal dumbya bush’s nation bankrupting,
nation destroying war policies, protection for unprecedentedly huge wall street
frauds, bush tax cut extensions for the wealthy, and then some (spending on top
of it). Preposterous! Especially since Reagan’s most significant achievement
was his rational approach toward Russia (with of course the substantial help of
the astute Gorbachev) toward the ameliorative goal of peace and consequent
peace dividend which enabled a ‘smooth-sailing’ though undeserved tenure for
ultimately clinton (cia man ‘poppy the sailor man’ bush was already working on
stirring up war / military industrial complex matters in the Mideast – that
April Glaspie/cia/Iraq/Kuwait communiqué to sadam and the consequent debacle,
etc.).
3 Reasons Why This Summer Could Get
Ugly Simon Maierhofer, July 29, 2011 [ Well, before getting to the article, we all know why:
because … ‘Sell in May, and go away!’ … Quite simple, as previously set forth
here and elsewhere, you should have ‘sold in May, and went away!’ Why? Because … as Rosanne Rosanna Danna formerly of SNL fame and as her mama always used to
say, ‘it’s always somethin’’ … but unfortunately, that somethin’ is not
necessarily what they say it is. ] ‘ It seems like the European Union and U.S. government are stuck in a never
ending game of Whac-A-Mole. It seems like more moles are popping up more
quickly, needing more force to be subdued (ironically the moles come back just
as the problems do).
Some of the more stubborn and persistently recurring
moles have been a weak housing market (NYSEArca: IYR - News ), declining home
building (NYSEArca: XHB - News ) activity, high unemployment, weakness in
the financial (NYSEArca: XLF - News ) and banking sector (NYSEArca: KRE - News ) and potential
country defaults. The Greek mole has been whacked over the head enough to
bruise the mallet.
For right now however, the mole that's holding the stock
market captive is the stalemate deficit situation. But regardless of the if,
how and when the deficit mole gets whacked, this summer (or late summer) may
turn quite ugly. Here are few reasons why:
Poor Seasonality
In terms of seasonality, August is one of the worst
months of the year. A silver lining is provided courtesy of the Presidential
election year cycle. Pre-election year Augusts tend to perform much better than
the average August.
While the government's thumb may keep the scale tilted
towards the bullish side in August, the months of September and October tend to
be bearish, even in pre-election years.
A Looming Market Peak
The S&P is laboring on a 10+ year bearish M
formation. The ETF Profit Strategy Newsletter has been tracking this pattern
for several months and wrote on April 3:
'There is strong Fibonacci projection resistance at
1,369. In terms of resistance levels, the 1,369 - 1,xxx (reserved for
subscribers) range is a strong candidate for a reversal of potentially historic
proportions.'
http://www.etfguide.com//contributor/UserFiles/8/Image/5%20-%20April%203%20TF.jpg
The S&P (NYSEArca: IVV - News ) spiked to 1,370
on May 2 and reversed sharply. However, for a confirmed bear market, the
S&P would have had to drop below structural support around 1,250 in June.
The June 15 ETF Profit Strategy Update outlined this
support and pointed out that as long as it doesn't get violated (in fact it
recommended to go long), the possibility of new highs remains on the table.
Since then the Nasdaq-100 (Nasdaq: QQQ - News ) has rallied to
new all-time highs. The Nasdaq Composite (Nasdaq: ^IXIC), S&P 500 (SNP:
^GSPC) and Dow Jones (DJI: ^DJI) got close to new highs but reversed
before (the newsletter recommended to close out long positions at S&P 1,345
and went short at 1,325).
Even though things look bleak, I wouldn't write off the
possibility of new highs just yet. If the S&P rallies after a potential
debt deal, it would offer a good opportunity to short the market. If it
doesn't, it may fall straight into the summer doldrums.
Weakening Demand
The Dow Jones Transportation Index (NYSEArca: IYT - News ) provides two
possible clues for investors:
1) Transports rallied to new highs on July 7, while the
Dow Jones Industrial Average was unable to better its May 2 high. According to
Dow Theory that's bearish.
2) IYT has fallen nearly 10% in three weeks. What do
Transportation stocks know that we don't? One thing could be that UPS, FedEx
and Union Pacific only ship what you and I order. If we don't order, they don't
ship.
The weakness in Transportation stocks may be reflective
of weakening consumer demand.
The How Robinson Container Index fell 9.3% since the end
of April. The Index tracks rates for container vessels that ship everything
from pens and sneakers to flat-screen TVs and DVR players.
Over the same period last year (it's not like we had a
great economy last year) the Index surged 56%. Retailers are restocking now for
back-to-school and holiday shopping, so this weakness during peak season is troublesome.
Because of the lack of peak season demand, leading
shipping companies had to delay the introduction of the usual peak-season
surcharges on Asia-U.S routes.
Ignore the Mole
If you've read my articles before, you know that I used
to write more about economic indicators and fundamentals. But quite frankly, I
think following economic indicators and spoon fed news is a waste of time.
For the past two years the housing market has been
getting worse, yet stocks were going up. The government is unable to rev up
hiring, yet stocks were going up. Greece has been getting bailouts, yet stocks
were going up (I'll stop here).
The one time economic indicators were really pointing
towards a sustainable economic recovery was in April 2010. However, I view
economic indicators as lagging indicators. They lag behind stocks and stocks
had been going up. For that reason I wrote in the April 2010 ETF Profit
Strategy Newsletter that: 'the message conveyed by the composite bullishness is
unmistakably bearish.'
That was the last time I used economic indicators to make
a market call. My focus has been on technical indicators accentuated by
sentiment and a healthy dose of skepticism towards Wall Street and the media…’
The Week Ahead: More "Bizarro World" Forbes Tom Aspray MoneyShow.com ‘It’s all about the debt-ceiling debate right now,
and mounting fears have caused technical damage that will take time to resolve.
Use any short-lived rally as a chance for selective selling.
It was a rough week for the markets this past week, and
the week ahead may be no better. Last week, Senator John McCain used the word
“bizzaro” in his description of how the debt crisis was being handled. It is
nice to have one politician who is not afraid to speak his mind. Comic book
fans will remember that Bizarro World was a fictional, cube-shaped planet from DC
Comics (how appropriate!). [ Since the author’s referred to mccain,
I’ll say mccain’s wife’s / extended ‘family’’s portfolios probably took a hit,
so as always, mccain’s ‘up in arms’ and add this here: The Plum Line : McCain erupts: Conservatives are lying
to America (Washington Post) [ Talk about lies and liars, mccain’s been a
total fabrication, since Vietnam particularly. Keating 5 mcCain’s a total fraud
(wealthy by that meyer lansky crowd, he still collects social security, and
takes those congressional raises he votes for). He is, and always has been, a
pathetic loser; which, if you look around you, the nation is inundated with
today!.. Paul
Craig Roberts: Government Abandoned Vietnam POWs Kurt Nimmo | John McCain worked overtime to make
sure Vietnam POWs never came home. I think the even bigger story vis-ŕ-vis
mccain is: http://www.albertpeia.com/heroenot.htm ‘Did you know that that so-called "american heroe" john
mccain was referred to by his fellow pows in Vietnam as something akin to the
"songbird" inasmuch as he was constantly "singing" to his
Viet-Cong captors to curry favor and better treatment? This has been documented
with authority by Colonel David Hackworth. The same violates military
code/protocol (other soldiers have been court-martialed for far less) click Here, Here. [ http://www.albertpeia.com/hackworth.htm ] But, you see, this covered up scenario, compromizing the false
facade of far less than a heroe, is exactly what a criminal (lie of a) nation
as america loves and encourages (get everyone's hands dirty so no-one dares to
rectify same, ie., bush, sr., clinton, bush, jr.). That is, "toe the
(corrupt, propagandized) line", become a criminal, or be exposed,
prosecuted, and/or ruined; and, hasn't anyone asked how "wall street"
has been "spared the spotlight" (and even was accorded protective
legislation from their criminal culpability) and focus of inquiry, attention,
and prosecution despite being the primary beneficiaries financial and otherwise
of these scams (you know the wall street motto, "churn and earn";
huge conflicts of interest if not outright fraud)…’…Oh and they so can afford
it Deficit
panel proposes huge cuts (Washington Post) [ Cuts? (This is from 2010 coupled with the
same foregoing prior post) I heard the corrupt, incompetent lawmakers were
giving themselves a raise. They actually deserve at least a 10% paycut and
abolition of those lifetime appointments / permanent corrupt bureaucracies. Nothing
succeeds like failure and crime in pervasively corrupt, defacto bankrupt
america! ] Lawmakers propose curbs on Social Security, cuts in spending and tax
hikes if long-term goals aren't met. ]
It would be nice if last week’s action in the financial markets
and in Washington, DC was fictitious, but unfortunately, it was not. The debt
crisis weighed on the markets from the start of last week, and the selling
pressure picked up steam as the week progressed. This week may be just as
treacherous.
Another vote is scheduled for late Friday, but I am not
optimistic that it will mean much. In all likelihood, we will wake up on Monday
and still be without a deal. Investors definitely have started to run scared,
as they removed $13.6 billion from stock mutual funds and ETFs in the first
four days of last week.
Institutions are also nervous, as very short-term T-bill
rates have spiked, therefore causing the yield curve to flatten out.
Historically, a flat yield curve is negative for the economy. Yields on the
ten-year T-note dropped to new lows for the year, as they seem to be the safest
haven, after gold.
Though a deal will eventually be done, what we can’t
determine is whether the confidence in the markets and economic recovery has
suffered a fatal hit. A contraction in credit at this fragile time in the
economic recovery could have serious implications.
There has been some technical damage to the stock market
as well, and while the analysis of the Advance/Decline (A/D) line still
suggests that a major top is not complete, some time is likely needed to repair
the damage.
The negative short-term analysis allows for more selling,
and the S&P 500 could drop back to the March lows, which are more than 3%
below Friday’s close.
http://www.moneyshow.com/image.asp?imgSrc=investing/Guru/WA7-29a_large.gif&aid=GURU-23955&scode=012551
A surprise decline in claims for unemployment insurance
was one of the few positives last week. The much weaker GDP numbers, especially
the big downward revision in the first quarter numbers, hit stocks hard early
Friday.
These numbers did not help make the dollar more
attractive, as the dollar index violated support (line a) on July 21. Though it
is possible that the dollar is forming a double bottom, a more likely
interpretation is that it will break below the recent lows, which will cause
heavier selling.
Gold was the big winner last week, and after completing its
flag formation (lines c and d) on July 12, the Spyder Gold
Trust ( GLD ) has accelerated to the upside. It is still below the
upside targets from the flag formation, which are in the $160-$162 area.
Platinum prices have been lagging gold, as platinum is
just $155 more expensive than gold. In January, one ounce cost $525 more, and
the long-term chart of the platinum/gold spread is quite
interesting.
The week ahead is a big one for economic reports with the
main focus being on jobs. The ADP Employment report is due out Wednesday, with
jobless claims due Thursday, and the key monthly jobs report scheduled for
Friday.
There are some other reports as well, with the ISM
Manufacturing Index and Construction Spending set for release on Monday. On
Tuesday, we’ll get the Personal Income report, while the ISM Non-Manufacturing
Index and Factory Orders will be released on Wednesday.
What to Watch
Last Thursday, I identified some key levels for ETFs that represent
the major stock indexes. Those levels were decisively broken in the Spyder Trust ( SPY ) and SPDR Diamonds Trust ( DIA ). Technology has been the strongest sector recently, and
the tech-heavy PowerShares QQQ Trust ( QQQ ) is so far holding well above its key support.
Stocks made their lows on the opening last Friday, and
despite much-worse-than-expected economic numbers, S&P futures closed
almost ten points above the early lows. Though this does possibly mark a
short-term low, a rally this week will have to be watched closely.
My concern is that we will see a sharp reflex rally once
a deal on the debt ceiling is made, but that rally won’t last more than a day.
http://www.moneyshow.com/image.asp?imgSrc=investing/Guru/WA7-29b_large.gif&aid=GURU-23955&scode=021551
S&P 500
The monthly chart of the Spyder Trust ( SPY ) shows that it has closed lower for the past three
months. It is currently not far above the monthly uptrend, line a, at $127.
There is further support from the April 2010 highs at $122.
The 200-day moving average (MA) (not shown) is still
rising but was violated last Friday.
Once below Friday’s low at $127.97, the next key chart
support is at $126.19 and the June lows. SPY made a low in March at $125.28
during the panic selloff.
The S&P 500 A/D line has broken the uptrend from the
June lows and now shows a pattern of lower highs and lower lows. The June lows
now represent important support.
There is initial resistance for SPY at $130.40-$131 with
much stronger resistance at $132.63.
Dow Industrials
The SPDR Diamonds Trust ( DIA ) was hit hard last week, falling as low as $120.64 last
Friday. One can make a case from the weekly chart that a weekly
head-and-shoulders top is forming. The neckline (line b) is just above the $119
level with the June lows at $118.54.
A decisive close below both of these levels on a weekly
basis would clearly be serious. The weekly OBV did confirm the highs in May,
but it remains below its weighted moving average (WMA) and has broken its
uptrend, line c.
The Dow Industrials’ A/D line has reversed sharply,
breaking the long-term uptrend, but it is still above the June lows. If those
lows are broken, a more serious decline could occur.
There is significant resistance for DIA at $122.50-$123
and more important resistance now at $123.80 to $124.39.
http://www.moneyshow.com/image.asp?imgSrc=investing/Guru/WA7-29c_large.gif&aid=GURU-23955&scode=021551
Nasdaq 100
The tech sector was the strongest last week, as the PowerShares QQQ
Trust ( QQQ ) held above key support at $56.87-$56.98. Friday’s low
was $57.44.
The better relative performance, or RS analysis, is
evident on the %Change chart, as QQQ shows higher lows while SPY shows lower
lows.
The Nasdaq 100 A/D line did not confirm the recent highs
and this divergence is now more of a concern. A break of longer-term support
will confirm the divergence.
There is initial resistance at $58.80-$59.30.
Russell 2000
The iShares Russell 2000 Index Fund ( IWM ) was hit hard last week, down over 5%, and it is already
close to the June lows at $77.23, having reached $78.24 on Friday.
If the June lows are broken, the major 38.2% support is
at $76.11.
The Russell 2000 A/D line is declining, but it is still
holding above major support.’
Top
3 Reasons Markets Were Down After a Weak GDP Report Wall St. Cheat
Sheet July 29, 2011, Markets closed
down on Wall Street today: Dow -0.79% , S&P -0.65% , Nasdaq -0.36% , Oil
-1.56% , Gold +0.74 % .
On the commodities front, Oil fell to $95.92, while
precious metals gained, with Gold up slightly to $1,628.10 an ounce and Silver
up 0.29% to $39.91 an ounce.
Don’t Miss: Your
Cheat Sheet to the History of the U.S. Debt Ceiling .
Today’s markets were down because:
1) Debt ceiling. Every day I have to include the debt
ceiling as one of the reasons the markets were down, a little piece of me dies.
Four days until the Treasury’s deadline and Congress seems to have reached a
stalemate. Boehner keeps pushing forward with his bill, and finally has enough
votes in the House for it to pass, only to get voted down soon as it reaches
the Senate, where Democrats and Republicans alike have vowed they will block
it. Senate Majority Leader Harry Reid is working on a budget plan that has
wider support in the Senate, but it has yet to be put to a vote, until which
point there’s no knowing which way it will go, especially in the Republican-led
House. So in the meantime, we wait and listen to China complain
about the US .
2 ) GDP . If yesterday’s positive economic news wasn’t
enough to counteract the depressing effect of the looming debt ceiling, today’s
bad economic news sure isn’t going to help matters. Stocks took a huge dip this
morning right out of the gate after the Commerce Department reported GDP
grew at an annual rate of 1.3% during the second quarter, well below
projections of 1.8% growth. While data like durable goods orders and consumer
spending give us an idea of how the economy is progressing, GDP covers the
whole kit and kaboodle, and the most recent figures are not good.
3) Treasuries. While short-term Treasuries saw a moderate
selling-off on Friday, as would be expected, the price on the benchmark 10-year
note rose, pushing the yield down from 2.91% to 2.78%, the biggest one-day drop
since December 2010. Longer-term investors tend to focus more on the economy
than more immediate issues like those plaguing Washington at the moment, so the
fact that the price of long-term notes is up shows that investors have a
positive economic outlook.
BONUS: Cost
of Insuring U.S. Debt Explodes to Two-Year High .’
The ‘Duh! Ya think?’ corner:
Confusion
Grips Wall Street Ahead of Debt-Ceiling Deadline - Aaron Task
2011
Is Proving to Be a Horrible Year for the Economy - Peter
Gorenstein
Even
the Best Investors Get It Wrong. Ask John Paulson - Peter
Gorenstein
Probabilities
of Bearish Scenarios Increasing at Minyanville
[video]
Economist John Ryding: Concerned About Stagflation at
TheStreet.com
S&P 500 Down 3.92% for the Week
Investors
Flee Markets: Dave's Daily at
TheStreet Here’s a picture of obama voters /
backers: http://www.albertpeia.com/wobamavoters.gif courtesy of Dave … ‘ We're in an "event risk"
market environment. These are never easy to trade or position. I would wager
many institutions and individuals are trying to find protection in whatever
instrument they can find and/or are permitted to use. According to Lipper
investors pulled a net $32.2 billion from mutual funds--including ETFs--for the
week ended July 27. This continues the previous trend. Further investors loss
of confidence in the U.S. is increasing by the moment. There wasn't an attempt at end-of-month window dressing
as conditions made this futile. Gold (GLD, IAU, DGP), Japanese Yen (FXY), Swiss Franc (FXF), U.S. bonds
(IEF) were about the only areas showing any life or safe haven status. I'll bet
there were plenty of exotic options transactions as investors sought protection
there…’
Surveying
The Week's Wreckage at The Wall Street Journal
While
Washington Fiddled The Economy Burned at Forbes [ Oh come on! Let’s get real here! The economy was already
burning (see infra), Washington notwithstanding! Indeed, the frauds on wall
street with those contraindicated paper stock computer programmed commissioned
churn-and-earn rallies would love for you to think it’s Washington only (that
aw shucks, coulda’ been clear sailin’ otherwise moment). But the reality is
that things are far more dire financially and economically than their
window-dressed scams would indicate, though washington’s no help, incompetent,
unknowledgeable, and ineffectual as they are (although fraudulent wall street,
aside from their consummate scammin’, is little better and probably overly
relied upon and light in those very areas one would expect to find profiency;
viz., finance and economics.) Most importantly, realize that if wobama’s
actions had not belied his words/campaign promises, the nation’s position,
though still ominous, would have been substantially improved.} ] Check out this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
Growth
anemic, debt fight poses recession risk Reuters | The U.S. economy
stumbled badly in the first half of 2011.
Giant
Banks Lobby to Raise the Debt Ceiling and Slash Public Benefits Washington’s
Blog | Some complain about the poor sucking on the government teat.
Apple
Now Has More Cash Than The U.S. Government Business Insider | The world’s
largest tech company has more cash than the world’s largest sovereign
government.
IMF
chief: Dollar status in doubt if debt crisis persists AFP | Lagarde
warned that failure to resolve the crisis would likely raise “doubts” about the
dollar’s status as the world’s reserve currency.
Municipalities’
credit ratings at risk Counties in
the Washington area could lose their sterling ratings if the federal government
is downgraded. (Washington Post) [ How ‘bout they lose their sterling ratings
even if the federal government isn’t downgraded. States
face shortfall for retirees (WP) Public workers’ retirement funds had a gap
of $1.26 trillion at the end of fiscal 2009
Meredith Whitney: GIRD YOUR LOINS ‘New Jersey’s move to take
out a short-term $2.25 billion loan to pay its bills is symbolic of how
difficult state and municipal financing will be in the year ahead, analyst
Meredith Whitney told CNBC Tuesday…she said these types of moves will be mere
warning shots as states approve their spending plans for the fiscal year
ahead—running from July 1 to June 30—and balance those budgets by cutting local
aid. “That’s what’s really going to hurt. So the pain of the states is just
upon us,” said Whitney. “What you’ll see now is as the states are submitting
final budgets, you’ll see the real pain at the municipal level start happening
July 1. That will intensify and that’s where you’ll see the
fallout.”"That’s what’s really going to hurt. So the pain of the states is
just upon us,” said Whitney. “What you’ll see now is as the states are
submitting final budgets, you’ll see the real pain at the municipal level start
happening July 1. That will intensify and that’s where you’ll see the fallout.” [ CNBC ]’ Moody's
Cuts Connecticut Outlook To Negative at Forbes Halah
Touryalai ‘ Is Meredith Whitney’s “I told you so” moment
approaching?
Moody’s just lowered Connecticut’s general obligation rating to
negative from stable citing among other things “depleted reserves with slim
prospects for near-term replenishment.”
From Moody’s:
The state has approximately
$14 billion in outstanding general obligation bonds…The negative outlook
reflects Connecticut’s depleted reserves with slim prospects for near-term
replenishment; pension funded ratios that are among the lowest in the country
and likely to remain well below average; and high combined fixed costs for debt
service and post employment benefits relative to the state’s budget. In the
absence of a clearly articulated plan to achieve meaningful improvement in the
state’s pension funded ratios and reduce its fixed costs, as well as progress
toward adequate reserve levels, Connecticut’s rating could be downgraded.
The news comes
just a day after it was revealed that its tri-state neighbor New Jersey is
seeking a $2.25 billion bridge loan from JPMorgan Chase . The Garden State has decided to take a
bank loan instead of issuing bonds because the later would require more time to
raise the necessary amount of cash to pay its bills.
Whitney, the
analyst who has been sharply criticized for her prediction of widespread
municipal defaults this year, was on CNBC
this morning discussing the bridge loan . From the interview:
“I wouldn’t
read too much into this one financing. It could be business as usual. That’s
not the issue,” Whitney said in a live interview. “New Jersey’s fiscal woes are
far bigger than them accessing a line of credit or a new loan.”
Rather, she
said these types of moves will be mere warning shots as states approve their
spending plans for the fiscal year ahead—running from July 1 to June 30—and
balance those budgets by cutting local aid.
“That’s what’s
really going to hurt. So the pain of the states is just upon us,” said Whitney,
famous for her warning about Citigroup ‘s exposure to subprime loans back in 2007, a call that
would foretell the ensuing financial crisis. “What you’ll see now is as the
states are submitting final budgets, you’ll see the real pain at the municipal
level start happening July 1. That will intensify and that’s where you’ll see
the fallout.”
Whitney said last year that she expects hundreds of
billions in defaults on municipal bonds in the next five years.’ Meredith Whitney Adds 10 New States To Her Sh*t List Bess
Levin Meredith
Whitney State Finances Are Worst Than Estimated [Fortune via Katie Benner ] . Ask Meredith Whitney! She was right last
time, and this time, like last last time, she’s takin’ it on the chin from the
permabull wall street frauds: Meredith
Whitney Sticks to Her Guns Today Roche ‘Talk about holding onto a
losing trade. At the Milken Conference yesterday, Meredith Whitney said there
was nothing controversial about her muni call, maintaining that she has more
conviction about the muni crisis call than anything in her entire career. Via
Bloomberg:
Whitney said on
the panel, “It’s not that big of a call..There’s nothing controversial about
that call, if you look at the numbers.”
“You can
criticize me for everything you want, I’m just numb to it because I have more
conviction on this than I’d had on any single thing in my career.”
On the same
panel, David Solomon, Goldman Sachs’ co-head of investment banking said, “I
don’t think we’re doomed. I think the resources available to us, and the
changes that will evolve as we come out of a very, very difficult economic
period that we’ve been stuck in over the past couple of years, will provide
more flexibility than I think Meredith believes.”
Boehner
rewrites bill after analysis How has the Congressional Budget
Office, a small agency of analysts, gained such authority in D.C.? Alice
Rivlin on CBO’s role in debate Ezra
Klein: Why does anyone trust CBO? (Washington Post) [ Yeah! ‘Tis true! I’d also have more
confidence if the analysts were not CBO, but rather, psychoanalysts! Vote
on Boehner bill delayed after analysis Washington barreled closer to crisis as
House Speaker Boehner and Senate Majority Leader Reid scrambled to build
support for rival plans to control the national debt, but both appeared doomed
without significant modifications. (Washington Post) [ Psychoanalysis? Oh, yeah
… that other kind of analysis, that deals with numbers and things and logic.
Okay … sounds like a plan … or, at least planning to have a plan. But let’s not
dismiss psychoanalysis so quickly either. After all, they are americans … after
all; and particularly, D.C. Washingtonian americans at that ( I did a brief
paper on psychoanalysis / psychoanalytic method http://albertpeia.com/psychoanalyticmethod82309.htm which is a compelling subject). Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Boehner
orders GOP to fall in line on debt As investors grow increasingly anxious,
House Republican leaders deliver a tongue-lashing to their most conservative
lawmakers and cast Thursday’s roll call as nothing less than a vote of
confidence in their stewardship of the chamber. (Washington Post) [ Mais oui,
mon fuhrer! Obama
spars with Boehner as deadline looms The president said in a prime-time
speech that, unless Congress agrees quickly to a long-term increase in the debt
ceiling, “we would risk sparking a deep economic crisis.” In response, the
House speaker said that “the solution to this crisis is not complicated,” but
that he would not give the president a “blank check.” (Washington Post) [ Well,
it’s that darn teleprompter. Yeah, Mr. Teleprompter really craves that prime
time face time; you know, so close to the elections. ‘Grand
bargain’ talks fail as Boehner walks out House Speaker John Boehner’s
abandoning of talks with the White House throws into chaos efforts to raise the
legal limit on government borrowing with just 11 days before the U.S. Treasury
is due to run out of cash. (Washington Post) [ Geeh! And we were all just
getting excited / aroused having been told wobama’s got a Boehner … Not, they
say … but dem PIIGS got problems too. Europe’s
debt crisis threatens Italy (Washington Post) [ Yeah, dem’ darn
PIIGS. Reminds me of that joke (I won’t
repeat it here except the punch line): ‘That’s black bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop …
py. Obama,
Boehner push for ambitious debt plan Savings of $3 trillion over the next
decade would come from spending cuts and changes to entitlement programs, but
no immediate tax increases. (Washington Post) [ Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of the money owed to cover future liabilities in
entitlement programs the US is actually in worse financial shape than Greece
and other debt-laden European countries, Pimco’s Bill Gross told CNBC
Monday. Maierhofer: ‘ USA
INCOME STATEMENT :Total federal spending in 2010
amounted to $3.456 trillion. Total receipts added up to $2.162 trillion. USA
Inc.'s 2010 deficit was $1.294 trillion.The 2011 federal budget is $3.7
trillion with a projected deficit of$1.6 trillion. … USA
BALANCE SHEET : Consensus estimates for unfunded
obligations vary. Mary Meeker pegs the shortfall at $31 trillion, PIMCO's Bill
Gross estimates the unreported debt to be $75 trillion, while other estimates
exceed $100 trillion (these amounts are insurmountable) …’ Moody's
puts U.S. ratings on review for downgrade Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.).
It’s not
‘default’ The U.S. will not default after Aug. 2. Something much weirder and more
chaotic will happen. (Washington Post) [ No matter what you call it, or what it
is, beyond the spin, the reality is that it ain’t goin’ to be good! Ain’t goin’
to be pretty! So there you go, and you read it here: ‘no default’ . Well, I
don’t know about ‘no default’ because I’m with the camp that posits that we’ve
already defaulted (see immediately infra); but, I do believe that
prospectively, for the foreseeable future, ‘weird and more chaotic’ describes
america just fine, in a nutshell. Drudgereport: CHINA:
USA 'ALREADY DEFAULTING'...
, One commentator, Peter Shiff, to Frank Motek of 1070am Bus.Report
references the sham in Washington; and regardless, points to default by way of
inflation, further stating that the debt ceiling’s already been breached by
borrowing. Moreover, he additionally states that default is inevitable by way
of inflation; that the fed will be buying the evermore worthless american paper
(bonds) and creating/printing evermore worthless american dollars; that there’s
been a quid pro quo with at least one of the 3 (S&P, Moody’s, Fitch)
federal licensed rating agencies, viz., of reaffirming the u.s. AAA rating in
return for no prosecution surrounding their role in the S&P AAA rated
worthless (fraudulent, mortgage-backed, derivative) paper securities (fraud)
giving rise to the previous leg of this continuing, ongoing debacle / crisis.
He finally goes on to recommend non-u.s., non-dollar denominated assets,
precious metals, and alternate currencies. A
Decade of Decline in Equity Markets Faisal Humayun [
This is a must read and explains how the market’s been artificially propped,
the dow relative to hard assets, ie., gold (dow/gold ratio), has actually
crashed 78%, and comparable prospects for the next decade, etc.. ‘…The Dow
Jones Index was trading at 11,357 levels at the beginning of the year 2000.
More than a decade later (as of beginning July 2011), the index is at 12582.
Therefore, the index has gained 11% in the last ten years…’ Yet, the
inflationary dollar (declining) debasement rate was 31%. (-31%) Meanwhile, the
frauds on wall street are churnin’ and earnin’ like never before at lightning
computerized speeds enabling the high-frequency trades that are commissioned in
unprecedented large volumes; a big net negative in real economic terms. Check out this
inflation calculator: http://www.albertpeia.com/inflationcalculator.htm Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I
wrote the book Prelude To Meltdown , predicting the
global crisis that occurred the following year. I now see a similar
confluence of events that warns of phase II of the global crisis.
Once again I see all the “canaries in the mine,” which
warned of the 2008 crisis. My just released book, Financial Apocalypse , provides the clues and the road map, with charts, of how
my indicators successfully predicted the meltdown that occurred in the
fall of 2008. This book is a guide for detecting the next crisis whenever it
occurs. History repeats, or at minimum, it rhymes.
My work shows that “the new recession has started.” The
May 9 issue of the Wellington Letter was headlined:
“Return of the Double-Dip.” At the time, economists were looking for a
great economy in the second half. Now they talk about a “soft patch.”
Over the past 33 years, we have called the start of every recession, often on
the exact month, or within one month, of the official start as determined one
year later by the official arbiter of recession, the National Bureau of
Economic Research (NBER).
How can we be in recession now when the GDP still shows
growth? Because of improper inflation adjustments. “Real” GDP growth, the
headline number, is nominal growth minus the rate of inflation. However,
inflation is far understated for political reasons.
Currently, the GDP deflator is 1.8%, which hardly
reflects the true rise in prices. Therefore, what is counted as “growth,” is
actually price increases. Actual inflation, according to free market economists
who calculate inflation as it was done in 1980 before the politician
re-engineered it, is now more than 11%. Using that to adjust GDP for inflation,
would show that the economy is now in a very sharp contraction.
When the current euphoric earnings forecasts of Wall
Street finally reflect that via significant “earnings downgrades,” the stock
market will see a serious “adjustment” as well.
On July 18, Goldman Sachs ( GS ) substantially
lowered its economic growth forecast. Marketwatch.com had this headline: Goldman Sachs slashes Economic Forecasts . The next step
will be for them to substantially reduce earnings forecasts for the S&P
500.
Will the phase II be as bad as the 2008 crisis? The last
crisis was confined to the private sector, i.e. financial institutions. The
next one will be involve the threatened default of entire countries. The last
time, the central banks bailed out the financial firms and even Warren Buffett
bailed out several firms. Who is big enough to bail out entire countries? Or
will the term of “too big to fail” turn to “too big to bail?” …’
National / World
Here’s a picture of obama voters / backers: http://www.albertpeia.com/wobamavoters.gif
Exclusive: ATF Intimidates Gun Owners With Home Visits Paul Joseph Watson | Federal agency attempts to make firearms retailers spy on their customers
under new illegal directive.
About
Obama’s ‘Secret Plan’ Powerline | The best
kept secret in Washington has apparently been President Obama’s secret
debt-ceiling plan.
THE issue of our time: Genetic Armageddon Daniel Taylor | If the Scientific Dictatorship is allowed to continue without debate,
the survival of the human species is at risk.
Exclusive: ATF Intimidates Gun Owners With Home Visits Paul Joseph Watson & Aaron Dykes | Federal agency attempts to make firearms retailers spy
on their customers under new illegal directive.
Is America Caught In The Closed Mind Trap? Dr. Paul Craig Roberts | It is rewarding to hear from
intelligent and open-minded people. But as the weeks and months go by, I find
it ever more tiresome to tolerate closed minds spewing hate and ignorance.
House
leaders postpone vote on debt plan House Republican leaders delayed
until at least Friday a white-knuckle vote on legislation designed to ease the
nation’s debt crisis, after hours of scrambling in vain to lock down the last
votes needed for passage. (Washington Post) [ Sounds like a plan! That plan to
delay a vote on the plan’s plan to have a plan to make a plan that plans to
plan for pervasively corrupt, defacto bankrupt america’s averted default plan’s
plan to revisit a plan for a plan post-election. Who could possibly say that
americans are / were not planners? The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed ! Come on! Who believes their pre-election year data, reports, b***s***?
There’s desperation in the air and like never before! One commentator, Peter
Shiff, to Frank Motek of 1070am Bus.Report references the sham in Washington;
and regardless, points to default by way of inflation, further stating that the
debt ceiling’s already been breached by borrowing. Moreover, he additionally
states that default is inevitable by way of inflation; that the fed will be
buying the evermore worthless american paper (bonds) and creating/printing
evermore worthless american dollars; that there’s been a quid pro quo with at
least one of the 3 (S&P, Moody’s, Fitch) federal licensed rating agencies,
viz., of reaffirming the u.s. AAA rating in return for no prosecution
surrounding their role in the S&P AAA rated worthless (fraudulent,
mortgage-backed, derivative) paper securities (fraud) giving rise to the
previous leg of this continuing, ongoing debacle / crisis. He finally goes on
to recommend non-u.s., non-dollar denominated assets, precious metals, and
alternate currencies. This is still a great opportunity to sell /
take profits since there’s much, much worse to come! Initial
unemployment claims Jul. 21, 2011 which bad news sparked wall street rally … what total
b***s***. No budget deal, celebrated Greek Plan – DEFAULT! … sounds like a
plan!…, backward looking earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean
Hanlon / Tech up today? Absolute confirmation of
dire prospects worldwide since american tech is horrendous. Yet, sizzling
‘child’s play’ is the order of the day and credit still must be given to those
[ie., Steve Jobs-I’m truly glad he saved Apple, my first computer (apple IIc
for word processing / data based records/forms/templates/data which I
interfaced with an electric typewriter for letter quality)] who could (as he)
identify such novelties as the biggest over-priced / over-valued sensations
since the hoola hoop (hoopla hoop - which were pretty cheap and with some minor
health benefits to boot).Take this run-up as a gift based on fraudulent wall
street b***s*** alone and take this opportunity to sell / take profits / ‘sell
today if you missed in may and then go away’! Nothing has been solved; maybe
forestalled. This is the umpteenth rally based upon the ‘solution’. The
ubiquitous problems make the notion of a ‘Gordian Knot’ a mere tinker toy in
comparison. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of the money owed
to cover future liabilities in entitlement programs the US is actually in worse
financial shape than Greece and other debt-laden European countries, Pimco’s
Bill Gross told CNBC Monday.
Maierhofer: ‘ USA
INC. - INCOME STATEMENT If the United States was a corporation - USA Inc. -
here's what the Income Statement would look like:Total federal spending in 2010
amounted to $3.456 trillion. Total receipts added up to $2.162 trillion. USA
Inc.'s 2010 deficit was $1.294 trillion.The 2011 federal budget is $3.7
trillion with a projected deficit of$1.6 trillion. … USA INC. - BALANCE SHEET If you think the Income Statement
looks bad, you may not want to look at the Balance Sheet. Consensus estimates
for unfunded obligations vary. Mary Meeker pegs the shortfall at $31 trillion,
PIMCO's Bill Gross estimates the unreported debt to be $75 trillion, while
other estimates exceed $100 trillion (these amounts are insurmountable) …’ Huge suckers’ rally to keep the
suckers suckered in this market based upon backward looking data discounted
multiple times to the upside (including the apple numbers as recently as last
week on ‘leaked’ expectations of ‘better than expected’, etc.), taxpayer funded
QE results, and b***s*** alone. This is an especially great opportunity to sell
/ take profits since there’s much, much worse to come! IT'S GOING TO HURT 'FOR LONG
TIME TO COME' ‘God bless us everyone’! … As if we didn’t already know it / feel it!
Dave's
Daily 'If you can
keep interest rates this low this long, its inevitable cheap financing can
allow companies to start cobbling each other up. Further Ben's policies allow
companies like IBM to sell bonds at 1% and buy back shares with the proceeds
(total paper bubble-scam). POMO is
occurring almost daily and Primary Dealers can buy back their shares and pay
dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen
Farrell ]
Stocks
extend losses amid debate Declines
tempered by report showing fewer Americans filed for unemployment benefits last
week. (Washington Post) [ Oh riiiiight!
Signs, signs, everywhere the signs; happy days are here again … Wow! … Who’s
kidding whom in these pre-election year follies. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! Come on! Who believes their pre-election year data, reports, b***s***?
There’s desperation in the air and like never before! One commentator, Peter
Shiff, to Frank Motek of 1070am Bus.Report references the sham in Washington;
and regardless, points to default by way of inflation, further stating that the
debt ceiling’s already been breached by borrowing. Moreover, he additionally
states that default is inevitable by way of inflation; that the fed will be
buying the evermore worthless american paper (bonds) and creating/printing
evermore worthless american dollars; that there’s been a quid pro quo with at
least one of the 3 (S&P, Moody’s, Fitch) federal licensed rating agencies,
viz., of reaffirming the u.s. AAA rating in return for no prosecution
surrounding their role in the S&P AAA rated worthless (fraudulent,
mortgage-backed, derivative) paper securities (fraud) giving rise to the
previous leg of this continuing, ongoing debacle / crisis. He finally goes on
to recommend non-u.s., non-dollar denominated assets, precious metals, and
alternate currencies. This is still a great opportunity to sell /
take profits since there’s much, much worse to come! Initial
unemployment claims Jul. 21, 2011 which bad news sparked wall street rally … what total
b***s***. No budget deal, celebrated Greek Plan – DEFAULT! … sounds like a plan!…,
backward looking earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean
Hanlon / Tech up today? Absolute confirmation of
dire prospects worldwide since american tech is horrendous. Yet, sizzling
‘child’s play’ is the order of the day and credit still must be given to those
[ie., Steve Jobs-I’m truly glad he saved Apple, my first computer (apple IIc
for word processing / data based records/forms/templates/data which I
interfaced with an electric typewriter for letter quality)] who could (as he)
identify such novelties as the biggest over-priced / over-valued sensations
since the hoola hoop (hoopla hoop - which were pretty cheap and with some minor
health benefits to boot).Take this run-up as a gift based on fraudulent wall
street b***s*** alone and take this opportunity to sell / take profits / ‘sell
today if you missed in may and then go away’! Nothing has been solved; maybe
forestalled. This is the umpteenth rally based upon the ‘solution’. The
ubiquitous problems make the notion of a ‘Gordian Knot’ a mere tinker toy in
comparison. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of the money owed
to cover future liabilities in entitlement programs the US is actually in worse
financial shape than Greece and other debt-laden European countries, Pimco’s
Bill Gross told CNBC Monday.
Maierhofer: ‘ USA
INC. - INCOME STATEMENT If the United States was a corporation - USA Inc. -
here's what the Income Statement would look like:Total federal spending in 2010
amounted to $3.456 trillion. Total receipts added up to $2.162 trillion. USA
Inc.'s 2010 deficit was $1.294 trillion.The 2011 federal budget is $3.7
trillion with a projected deficit of$1.6 trillion. … USA INC. - BALANCE SHEET If you think the Income Statement
looks bad, you may not want to look at the Balance Sheet. Consensus estimates
for unfunded obligations vary. Mary Meeker pegs the shortfall at $31 trillion,
PIMCO's Bill Gross estimates the unreported debt to be $75 trillion, while
other estimates exceed $100 trillion (these amounts are insurmountable) …’ Huge suckers’ rally to keep the
suckers suckered in this market based upon backward looking data discounted
multiple times to the upside (including the apple numbers as recently as last
week on ‘leaked’ expectations of ‘better than expected’, etc.), taxpayer funded
QE results, and b***s*** alone. This is an especially great opportunity to sell
/ take profits since there’s much, much worse to come! IT'S GOING TO HURT 'FOR LONG
TIME TO COME' ‘God bless us everyone’! … As if we didn’t already know it / feel it!
Dave's
Daily 'If you can
keep interest rates this low this long, its inevitable cheap financing can
allow companies to start cobbling each other up. Further Ben's policies allow
companies like IBM to sell bonds at 1% and buy back shares with the proceeds
(total paper bubble-scam). POMO is
occurring almost daily and Primary Dealers can buy back their shares and pay
dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen
Farrell ]
A
Decade of Decline in Equity Markets Faisal Humayun [
This is a must read and explains how the market’s been artificially propped,
the dow relative to hard assets, ie., gold (dow/gold ratio), has actually
crashed 78%, and comparable prospects for the next decade, etc.. ‘…The Dow
Jones Index was trading at 11,357 levels at the beginning of the year 2000. More
than a decade later (as of beginning July 2011), the index is at 12582.
Therefore, the index has gained 11% in the last ten years…’ Yet, the
inflationary dollar (declining) debasement rate was 31%. (-31%) {See the
inflation calculator immediately above the current date on this page – and
that’s just the government (inflation) numbers … reality is much worse!}
Meanwhile, the frauds on wall street are churnin’ and earnin’ like never before
at lightning computerized speeds enabling the high-frequency trades that are
commissioned in unprecedented large volumes; a big net negative in real
economic terms.]
Check out this
inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
Limbaugh:
We've Been Played for Saps , Folks: Boehner Bill Will Become Reid Bill July
28, 2011 ... [ God knows I’m no fan of perma war, bush, etc., apologist limbaugh’s;
yet, I’m constrained to say I agree with his headline and include his article
(which I’ve not read) here for 1 st Amendment purposes while also saying,
republicans, democrats … at this point, what’s the difference? ] ‘BEGIN
TRANSCRIPT
RUSH:
I think we've been played for a bunch of saps, I mean not us exclusively, I
just mean the whole country, the Republican Party, ruling class. I'll
explain as uncomfortable as it is and as grading as it is, I'll explain as the
program unfolds it's great to have you here as always telephone number if you
want to be on the program. 800-282-2882. The e-mail address [email protected] .
There's
no Obama bill. There's nothing set down on paper. So the Reid bill
will become the Obama bill. The Boehner plan will become the Obama
plan. I think that's the trap. And, of course, the establishment,
Republicans are all gung ho. "Gotta get this done. It's the
best we can get." Because they're telling themselves there aren't
any tax increases in it, and there aren't. There aren't any tax increases
in the Boehner bill. And there are spending cuts and there are caps, but
what happens when that goes over to the Senate and Reid says, "You know
what, I like some of this and I don't like that. Let's take some of this out
and put some of this in," and gets his votes for it and the Boehner bill
becomes something unrecognizable, then goes back to the House, what are they
going to do? They've already passed the Boehner bill under the guise that
we can't wait any longer, that AAA credit rating is in jeopardy, all this
rotgut BS.
BREAK
TRANSCRIPT
The
guys at Red State, reading stuff this morning, and they found an interesting
passage in Mike Allen's Playbook in The Politico. Mike Allen has this thing
every morning. It's sort of a take-off of what the Hotline does, a little Dot,
Dot, Dot column on all that's going on in Washington, politically; what's
supposed to happen today and what happened last night and all kinds of things.
It's just the political junkie's delight. There's this little package, a quote
from an unnamed top Democrat. "The press will obsess about today's House
vote on the Boehner two-step bill, but at best it is an exercise in political
machismo. At worst it's the beginning of the most irresponsible act in
congressional history, because the House bill is dead on arrival in the Senate.
END TRANSCRIPT’
Top 3 Reasons Markets Were Down Despite Apparent Economic
Recovery Wall St. Cheat
Sheet, July 28, 2011 [ Come on! Who believes their pre-election
year data, reports, b***s***? There’s desperation in the air and like never
before! ] ‘ Markets closed down on Wall Street today: Dow -0.51% ,
S&P -0.32% , Nasdaq +0.05% , Oil -0.27% , Gold -0.22 % .
On the commodities front, Oil fell to $97.14, while
precious metals were mixed, with Gold up slightly to $1,617.40 an ounce and
Silver down 1.88% to $39.81 an ounce.
Don’t Miss: Your
Cheat Sheet to the History of the U.S. Debt Ceiling .
Today’s markets were down because:
1) Jobless figures. Giving the markets an early boost
this morning was news that last week initial
jobless claims fell below 400,000 for the first time since early April.
Though that number still seems high, economists say that, when jobless claims
fall below 400,000, that means the economy is adding more jobs than it’s
losing. All of the major indices were up this morning on the news, climbing
into the early afternoon before taking a dip. The Dow climbed as high as 12,380
points, but unfortunately wasn’t able to hold onto the morning’s gains,
ultimately settling in the red, as did the S&P 500, with only the Nasdaq
Composite holding on to enough of its gains to finish the day up, though well
below its high just before noon.
2 ) Pending home sales. Yep, those improved as well.
According to the National Association of Realtors, pending
home sales continued to increase in June , up 2.4% over May and a whopping
19.8% over June 2010. Last month is only the second since April 2010 to show
year-over-year growth, and this upward trend bodes well for the housing market
, which has been slow to recover from the financial crisis.
3) Debt ceiling. Until Congress agrees on a new budget
and a plan to raise the debt ceiling, markets are going to continue to be
weighted down by the pressure of impending default. It doesn’t matter that
unemployment may start to decline, or that pending home sales are up — if the
government defaults on its obligations, all the progress that’s been made so
far will be thrown out the window.’
Minyanville's T3 Daily Recap: Market Stuns Dip Buyers, Gives
Back Big Early Gains ‘During the first half of the day Thursday, the market looked set
to erase most of yesterday's potent down day. Many bulls were calling
yesterday's big selloff a shakeout. Boy, can four hours make a world of difference.
Stocks began selling off hard after noon as lawmakers continue to squabble over
the debt ceiling deal, which is only days away from the deadline. The Nasdaq was able toe eke out a narrow gain,
but the S&P , and Dow both closed in the red. Many stocks had huge travel ranges today with the
swinging market, not the least of which was LinkedIn Corp. ( LNKD ). The stock at one point was up 15% for the day, but pulled back in hard to close
flat. Overall, now is not a time to try to be a hero. Stay heavily in cash
until this debt deal gets ironed out (or doesn't), don't try to be a hero. Risk
reward is just not in the trader's favor at this stage.’
AAII
Sentiment Survey: Investors are Getting Very Negative About Stocks Wall St. Cheat
Sheet
Don't
Light That Short Fuse! at Forbes … The markets seem likely to
re-test recent lows, and if key technical levels are broken, an explosion in
selling is possible. The fuse is getting shorter. Consider some selective
selling, and watch these price levels on the major stock index ETFs … What It Means: The deterioration in the technical picture increases the chances that
the June lows will be tested…’
Another
Late-Hour Stumble at The Wall Street Journal
Dagong
Says Will Cut US Rating As Early As Monday Zero Hedge | “We will react soon,
probably next Monday or Tuesday.”
This
Is What A Collapsing Ponzi Scheme Looks Like David DeGraw | You might want to
sit down for this one.
White
House Says Treasury Will Be “Running On Fumes” Shortly Tyler Durden |
The White House’s press secretary Jay Carney said that the Treasury will be
“running on fumes” if the debt ceiling is not raised by August 2.
Tax
Cuts for the Middle Class and Poor STIMULATE The Economy, But Tax Cuts for the
Wealthy HURT The Economy Washington’s Blog | Extreme conservatives push for tax
cuts … but just for the wealthy.
S&P
softens stance on rating debate Rating agency clarifies that even a less-than-$4T cut in deficit would
allow the U.S. to avoid a downgrade. S&P
cuts Greece rating from CCC to CC (Washington Post) [ Well there you
go! If S&P says it, it must be true … NOT! …; kinda’ like those fraudulent,
paper, mortgage-based derivative securities, etc.. S&P AAA … I mean, at
this point, who’s really counting … a trillion here, a trillion there … heck,
so what … Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of the money owed
to cover future liabilities in entitlement programs the US is actually in worse
financial shape than Greece and other debt-laden European countries, Pimco’s
Bill Gross told CNBC Monday.
Maierhofer: ‘ USA
INCOME STATEMENT :Total federal spending in 2010 amounted to $3.456 trillion. Total
receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294
trillion.The 2011 federal budget is $3.7 trillion with a projected deficit
of$1.6 trillion. … USA
BALANCE SHEET If you think the Income Statement looks bad, you may not want to look at
the Balance Sheet. Consensus estimates for unfunded obligations vary. Mary
Meeker pegs the shortfall at $31 trillion, PIMCO's Bill Gross estimates the
unreported debt to be $75 trillion, while other estimates exceed $100 trillion
(these amounts are insurmountable) …’ ! IT'S GOING TO HURT 'FOR LONG
TIME TO COME' ‘God bless us everyone’! … As if we didn’t already know it / feel it!
Dave's
Daily 'If you can
keep interest rates this low this long, its inevitable cheap financing can allow
companies to start cobbling each other up. Further Ben's policies allow
companies like IBM to sell bonds at 1% and buy back shares with the proceeds
(total paper bubble-scam). POMO is
occurring almost daily and Primary Dealers can buy back their shares and pay
dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen
Farrell ]
A
Decade of Decline in Equity Markets Faisal Humayun [
This is a must read and explains how the market’s been artificially propped,
the dow relative to hard assets, ie., gold (dow/gold ratio), has actually
crashed 78%, and comparable prospects for the next decade, etc.. ‘…The Dow
Jones Index was trading at 11,357 levels at the beginning of the year 2000.
More than a decade later (as of beginning July 2011), the index is at 12582.
Therefore, the index has gained 11% in the last ten years…’ Yet, the
inflationary dollar (declining) debasement rate was 31%. (-31%) Meanwhile, the
frauds on wall street are churnin’ and earnin’ like never before at lightning
computerized speeds enabling the high-frequency trades that are commissioned in
unprecedented large volumes; a big net negative in real economic terms.]
Check out this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
Reports
confirm decelerating economy Debt showdown is coming at a time that the economy is barely eking out
any expansion at all. Beige
book highlights, coast to coast (Washington Post) [U.S.
markets stay calm amid debate Investors are getting antsy without a deal in Washington, but the markets
are not in freak-out mode. (Washington Post) [ Ah, riiiiight! ‘Cool as
cucumbers’ they are. Well, they still got the high frequency, high volume,
lightning speed computer manipulated churn-and-earn going for them, on the way
down as well; but, not alls well. There’ll certainly be less in the way of
funds for them to suck dry through various machinations which obfuscate and
literally hide their already crashed scam. Previous: (Washington Post) [ Yes … this sounds like a job for … Rosanne
Rosanna Danna formerly of SNL fame, to chime in with a reminder as her mama
always used to say, ‘it’s always something’ … but unfortunately, that somethin’
is not necessarily what they say it is. (from 2010) Reality is that the u.s.
market needs no help from Asia or Ireland or Greece, etc., to fall but here in
the states they would love for you to think that. The fact is that the u.s.
market is way over-valued / over-bought, floating on air and b*** s*** alone in
this new bubble as in the last before the previous crash that the wall street frauds and insiders commission with high
frequency churn-and-earn trade programs and sell into . I mean, forget about valuations, security analysis,
basic economics, etc. … it’s suddenly,
from out of nowhere, Ireland and China jamming on the breaks … riiiiight! Come
on! That dog don’t hunt no more! Lloyd, infra, lists 17 concerns right off the
top. The decline certainly was no mystery to Loundsbury, Roche, Maierhofer,
Hussman, etc., infra, among many others. … Fed Easing Is Not Aimed at
Weakening US Dollar: Dudley [ It doesn’t matter what they say
… you can’t believe a word they say, like no-recession ben shalom bernanke …
and, contrary to rhetoric, their intent was as preceding the last crash was to
inflate earnings to froth the stock market (to create the all too familiar
bubble for wall street frauds and insiders to commission with high frequency
churn-and-earn trade programs and sell into ) by debasing the fiat Weimar
dollar currency. ] New York Fed
President Bill Dudley, in one of the first Fed interviews since the central
bank’s policy came under attack at the G20 meetings in Seoul, said critics were
“off base” to believe the aim of the policy is to weaken the U.S. dollar.] U.S.
stocks continue recent slide amid deepening investor anxiety about the global
economy. The stock market continued its recent slide Tuesday amid deepening
investor anxiety about the global economy. Wall Street was worried that Ireland
could require a bailout, that China will jam the brakes on its overheating
economy ... Commodities
sink on China, European concerns BusinessWeek Summary Box: Stocks
Sink on Fear of China Slowdown Markets
may be near tipping point U.S. debt
default could rock the global economy at a vulnerable time, with growth already
slowing in Asia. (Washington Post) [ ‘Tipping point’? ‘May’? Yes, May. You
should have sold in May and gone away! The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed ! Previous: Suckers’ rally into
the close off lows based on bad news and b*** s*** alone as previously: Initial
unemployment claims Jul. 21, 2011 which bad news sparked wall street rally … what total
b***s***. No budget deal, celebrated Greek Plan – DEFAULT! … sounds like a
plan!…, backward looking earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean
Hanlon
National / World
IMF and CFR Insider Recruited by Obama White House Kurt Nimmo | Caroline Atkinson has all the right credentials to help the globalists
micromanage their financial crisis.
Polarbeargate
Paul Joseph Watson |
Polarbeargate could become the new Climategate.
Obama to Approve ‘Al-Qaeda Embassy’ in Washington Paul Joseph Watson | State Department sympathetic to
recognizing rebel terrorists who killed U.S. troops.
New NASA Data Blow Gaping Hole In Global Warming Alarmism
The following is my comment to an LA
Times article regarding a Justice Department cover-up! As for your inquiry, all
I think about day and night is a long overdue resolution to the RICO litigation
as set forth therein:
I believe him!
I truly empathize with the
ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize
some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual
citizenship with Italy), and some familiar crimes (ie., drug money laundering,
etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the
following ATF Agents who were probably viewed as loose ends: Steve
Willis, Robert Williams, Todd McKeahan & Conway LeBleu: Died February 28, 1993 by
gunfire at Waco. All four were examined by a pathologist and died from
identical wounds to the left temple. All four had been body guards for Bill
Clinton, three while campaigning for President and when he was Governor of
Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]
Here’s some real, complicit cover-up / fraud on the part of the federal
government, et als:
October 15, 2010 (*see infra {ultimately
delivered by UPS})
Steven M. Martinez, Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3 copies of the within DVD rom autorun disk (which will
open in your computer’s browser) as per your office’s request as made this day
(the disk and contents have been scanned by Avast, McAfee, and Norton which
I’ve installed on my computer to prevent viral attacks / infection and are
without threat). I also include 1 copy of the DVD as filed with the subject
court as referenced therein (which files are also included on the aforesaid 3
disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as
you’re aware, the RICO Act is a criminal statute which provides a civil remedy,
including treble damages and attorney fees, as an incentive for private
prosecution of said claims probably owing to the fact that the USDOJ seems
somewhat overwhelmed and in need of such assistance given the seriousness and
prevalence of said violations of law which have a corrupting influence on the
process, and which corruption is pervasive). A grievance complaint against Coan
was also filed concurrently with the subject action and held in abeyance
pending resolution of the action which was illegally dismissed without any
supporting law and in contravention of the Order of The Honorable Robert N.
Chatigny, Chief Judge, USDC, District Connecticut. The files below the
horizontal rule are the referenced documents as filed. (Owing to the damage to
the financial interests of both the U.S. and the District of Congresswoman
Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False
Claims Act probably would apply and I would absent resolution seek to refer the
within to a firm with expertise in that area of the law with which I am not
familiar) .
The document in 5 pages under penalty of perjury I was asked to forward to
the FBI office in New Haven is probably the best and most concise summary of
the case RICO Summary to FBI Under Penalty of Perjury at Their Request (5
pages) [ ricosummarytoFBIunderpenaltyofperjury.pdf
http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The correspondence I received from the Congresswoman by way of email
attachment (apparent but typical problem with my mail) along with my response
thereto is included on the 3 disks as
fbicorrespondencereyes.htm . With regard to
the calls to the FBI’s LA and New Haven, CT offices: There was one call to the
LA office and I was referred to the Long Beach, CA office where I personally
met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of
the money laundering which he confirmed as indicative of same (he was
transferred from said office within approximately a month of said meeting and
his location was not disclosed to me upon inquiry). The matter was assigned to
FBI Agent Ron Barndollar and we remained in touch for in excess of a decade
until he abruptly retired (our last conversation prior to his retirement
related to the case and parenthetically, Rudy Giuliani whose father I stated
had been an enforcer for the mob to which he registered disbelief and requested
I prove it, which I did – he served 12 years in prison, aggravated assault/manslaughter?
– and no, there is no Chinese wall of separation – Andrew Maloney’s the one
that prosecuted gotti).
In contradistinction to the statement in said correspondence, there is a
plethora of information including evidence supporting the claims set forth in
the RICO VERIFIED COMPLAINT (see infra).
Such includes and as set forth in the case, inter alia,
A judgment
had been entered in my favor in the case, United States District Court
Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in
excess of $300,000 remains unaccounted for and which could be used for
payment to creditors, Los Angeles, etc.. Counsel
Robert Sullivan on my behalf documented by way of certification upon
investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon
which false statement he predicated a retaliatory and spurious contempt
proceeding against me causing substantial damage, and for which he sought
Judicial Notice of those and related proceedings as did I in some of my
filings. The Order
of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant
Coan’s failure to file anything whatsoever by the court’s deadline causing
creditors and me substantial damages: [ Shiff Order of
Dismissal With Prejudice on Coan’s Failure to File
Page 1
Page 2
] Defendant
Coan had filed an action against me to prevent me from suing him which
necessitated me to fly to Connecticut for a hearing before The Honorable
Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied
Coan’s requested relief as to Coan but precluded my action against Shiff
(although there is no immunity, judicial or otherwise, for criminal acts,
ie., fraud connected with a case under Title 11, USC, etc.) .
[ transcript in pertinent part -
crossexamofcoanbypeia.pdf ] Newly
appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned
the RICO case despite the conflict of interest in light of hundreds of
thousands of dollars of illegal (drug) money being laundered through the
Trump casinos by the RICO defendants, and despite my motion to recuse her
which motion she heard herself and denied, and U.S. Trustee Hugh Leonard
with whom I met personally refused to join or file a separate motion to
recuse and not long thereafter left said office for private practice at
Cole, Shotz, et als on retainer with the RICO defendants as his primary
client.
Probative
and evidentiary documents, affidavits, exhibits, including those turned
over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to
Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the
U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was
U.S. Attorney, and went over said documents and their probative value with
him. Within approximately a month thereafter upon inquiry I was told that
Jonathon Lacey was no longer with the office, that the file/documents
could not be located, and that there was no further information available
concerning contacting him or his location. I thereupon delivered by hand,
copies of said documents to the office of then U.S. Attorney Alito,
addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one
mob case he had brought, bungled, lost (accidently on purpose?) since I
was suing some mob-connected under RICO and the court (I had known /
previously met outside of court the judge Ackerman through a client) was
absolute bedlam and a total joke since incompetent corrupt Alito brought
in all 20 mob defendants (rather than prosecute one or a few to flip them
first) who feigning illness had beds/cots in the courtroom along with
their moans during testimony and had the jury in stitches. As much as I
hate the mob, it truly was funny, if not so tragic.], Alito
is also corrupt (and maybe corrupt because he is inept). After a
reasonable (but still rather short) time I called to determine the status
and was told that Alito was no longer with the Office of the U.S.
Attorney, that he was (appointed) a federal judge, and that neither the
documents nor any file or record of same could be located. Alito did
parley the same / cover-up into quid pro quo direct lifetime appointment
to the Court of Appeals, 3 rd circuit,
despite the absence of judicial experience or successful tenure as U.S.
Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that
now sits on the purported highest court in the land. The real application
of the illegal rule ‘don’t ask, don’t tell’.
There is
applicable insurance / surety coverage and neither LA, nor creditors, nor I
should continue to have been damaged by this brazened corrupt and illegal
scenario, which should be resolved in accordance with the meaningful rules of
law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5 th Street, #404
Los Angeles, CA
90013
(213) 219-****
(cell phone)
(213) 622-3745
(listed land line but there are unresolved problems with the line, computer
connection may be the reason but I hesitate to chance greater non-performance /
worsening by their ‘fix’ so cell phone best for contact).{recent change
323-786-6651 -magic jack}
----------
*The foregoing and as indicated therein was previously send 9-14-10 but
delivery confirmation was flawed as set forth below and my inquiries to the
u.s. postal service rebuffed (I believe tampered with inasmuch as your office
could not locate same). This cover letter (9-13-10) is on the 3 disks with
navigable hyperlinks to the subject files for ease of reference, including the
files in the RICO action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC
Secretary, who indicates once again that your office has not received the
aforesaid and which can reasonably be presumed to have been tampered with, and
hence, a violation of the federal statute concerning same. (Ultimately
delivered by UPS) ]
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s Blog / the grim economic reality
[ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1) UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
http://www.albertpeia.com
Sincerely and Regards,
Al Peia
Boehner
orders GOP to fall in line on debt As investors grow increasingly anxious,
House Republican leaders deliver a tongue-lashing to their most conservative
lawmakers and cast Thursday’s roll call as nothing less than a vote of
confidence in their stewardship of the chamber. (Washington Post) [ Mais oui,
mon fuhrer! Vote
on Boehner bill delayed after analysis Washington barreled closer to crisis as
House Speaker Boehner and Senate Majority Leader Reid scrambled to build
support for rival plans to control the national debt, but both appeared doomed
without significant modifications. (Washington Post) [ Psychoanalysis? Oh, yeah
… that other kind of analysis, that deals with numbers and things and logic.
Okay … sounds like a plan … or, at least planning to have a plan. But let’s not
dismiss psychoanalysis so quickly either. After all, they are americans … after
all; and particularly, D.C. Washingtonian americans at that ( I did a brief
paper on psychoanalysis / psychoanalytic method http://albertpeia.com/psychoanalyticmethod82309.htm which is a compelling subject). Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Obama
spars with Boehner as deadline looms The president said in a prime-time
speech that, unless Congress agrees quickly to a long-term increase in the debt
ceiling, “we would risk sparking a deep economic crisis.” In response, the
House speaker said that “the solution to this crisis is not complicated,” but
that he would not give the president a “blank check.” (Washington Post) [ Well,
it’s that darn teleprompter. Yeah, Mr. Teleprompter really craves that prime
time face time; you know, so close to the elections. ‘Grand
bargain’ talks fail as Boehner walks out House Speaker John Boehner’s
abandoning of talks with the White House throws into chaos efforts to raise the
legal limit on government borrowing with just 11 days before the U.S. Treasury
is due to run out of cash. (Washington Post) [ Geeh! And we were all just
getting excited / aroused having been told wobama’s got a Boehner … Not, they
say … but dem PIIGS got problems too. Europe’s
debt crisis threatens Italy (Washington Post) [ Yeah, dem’ darn
PIIGS. Reminds me of that joke (I won’t
repeat it here except the punch line): ‘That’s black bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop …
py. Obama,
Boehner push for ambitious debt plan Savings of $3 trillion over the next
decade would come from spending cuts and changes to entitlement programs, but
no immediate tax increases. (Washington Post) [ Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of the money owed to cover future liabilities in
entitlement programs the US is actually in worse financial shape than Greece
and other debt-laden European countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘ USA
INCOME STATEMENT :Total federal spending in 2010
amounted to $3.456 trillion. Total receipts added up to $2.162 trillion. USA
Inc.'s 2010 deficit was $1.294 trillion.The 2011 federal budget is $3.7
trillion with a projected deficit of$1.6 trillion. … USA
BALANCE SHEET : Consensus estimates for unfunded
obligations vary. Mary Meeker pegs the shortfall at $31 trillion, PIMCO's Bill
Gross estimates the unreported debt to be $75 trillion, while other estimates
exceed $100 trillion (these amounts are insurmountable) …’ Moody's
puts U.S. ratings on review for downgrade Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.).
The Plum Line : McCain erupts: Conservatives are lying
to America (Washington Post)
[ Talk about lies and liars, mccain’s
been a total fabrication, since Vietnam particularly. Keating 5 mcCain’s a
total fraud (wealthy by that meyer lansky crowd, he still collects social
security, and takes those congressional raises he votes for). He is, and always
has been, a pathetic loser; which, if you look around you, the nation is
inundated with today! … Paul
Craig Roberts: Government Abandoned Vietnam POWs Kurt Nimmo | John McCain worked overtime to make
sure Vietnam POWs never came home. I think the even bigger story vis-ŕ-vis
mccain is: http://www.albertpeia.com/heroenot.htm ‘Did you know that that
so-called "american heroe" john mccain was referred to by his fellow
pows in Vietnam as something akin to the "songbird" inasmuch as he
was constantly "singing" to his Viet-Cong captors to curry favor and
better treatment? This has been documented with authority by Colonel David
Hackworth. The same violates military code/protocol (other soldiers have been
court-martialed for far less) click Here, Here. [ http://www.albertpeia.com/hackworth.htm ] But, you see, this covered up
scenario, compromizing the false facade of far less than a heroe, is exactly
what a criminal (lie of a) nation as america loves and encourages (get
everyone's hands dirty so no-one dares to rectify same, ie., bush, sr.,
clinton, bush, jr.). That is, "toe the (corrupt, propagandized)
line", become a criminal, or be exposed, prosecuted, and/or ruined; and,
hasn't anyone asked how "wall street" has been "spared the
spotlight" (and even was accorded protective legislation from their
criminal culpability) and focus of inquiry, attention, and prosecution despite
being the primary beneficiaries financial and otherwise of these scams (you
know the wall street motto, "churn and earn"; huge conflicts of
interest if not outright fraud)…’…Oh and they so can afford it Deficit
panel proposes huge cuts (Washington
Post) [ Cuts? (This is from 2010
coupled with the same foregoing prior post) I heard the corrupt, incompetent
lawmakers were giving themselves a raise. They actually deserve at least a 10%
paycut and abolition of those lifetime appointments / permanent corrupt
bureaucracies. Nothing succeeds like failure and crime in pervasively corrupt,
defacto bankrupt america! ] Lawmakers propose curbs on Social Security, cuts in
spending and tax hikes if long-term goals aren't met. ]
Obama
tries to reassure his base (Washington
Post) [ Base? What base? Oh, riiiiight … silly me … that ethnic thing … you’re
talking about baseball … base on balls … as in walk … as in take a walk, take a
hike, etc.. If
election held today, Obama would lose in ‘landslide’ National
Journal | Those polls are even more ominous for the president. Drudgreport: Obama Economists Admit:
'Stimulus' Cost $278,000 per Job...
GALLUP SHOCK: 'REPUBLICAN'
BEATS OBAMA BY 8% APPROVE: 42% Return of Mass Layoffs a Grim
Sign...
Dollar falls to all-time low
against Swiss franc...
GOP REVOLTS
Obama Threatens
Another Veto... Just hours after urging
compromise... Carney Admits Obama Has No
Plan...
OBAMA'S BASE CRUMBLES
CHAOS... CLOCK TICKING... NO PANIC... 6 days from 'default', both
sides scrambling... FURY OVER STALEMATE BOILS
OVER...
House Dem leader
urges Obama to raise debt ceiling without Congressional approval...
SHOCK POLL: 46% Think Most in
Congress Corrupt... WASHPOST/ABC: Blacks,
liberals flee in droves... SANDERS: Obama should face primary
challenger...
The Immelt Way: WH Advisor on
Jobs Moving GE X-Ray Business to China... OBAMA SECRETLY
SIGNALS BANKS: 'NO DEFAULT'... WH to FOXNEWS: 'Tell your viewers
there's nothing to worry about'...
A
party of scorpions The GOP refuses
to be rational in debt talks. (Washington Post) [ I am truly non-partisan. That
said, to ascribe irrationality to one party relative to the other is at best
disingenuous and intellectually dishonest, and at worst, a blatant falsehood
more commonly known as a lie. After all, we are talking about an
insurmountable, unsustainable debtload the likes of which, even if adjusted for
inflation, has never been seen on this planet. A
center vs. right debt fight Obama talks to the middle while Boehner
rallies the right. (Washington Post) [ Oh come on! There’s no justifying woboma
here as some principled, reasonable partisan moving gently to the middle for the
sake of the deal. Rather, he’s the desperate, failed ‘pol’ who’s hearing
footsteps in 2012; who’s told one lie too many ; who’s made the wrong choice
one time too many. People are tired of his b*** s*** and excuses. He’s failed
miserably and yet had the easiest act in the world to follow in the persona of
fellow failed president war criminal dumbya bush whose failed policies up to
the real start of the election cycle he’s largely followed. He’s become the
personification of that age-old joke; viz., (punchline) ‘looks like s***,
smells like s***, tastes like s*** … ‘good thing we didn’t step in it!’ Well,
guess what? With ‘wobama the b’ (for b***s***), we ‘stepped in it’. He’s all
that … bad! Milbank:
Dealing with the Default Caucus (Washington Post) [ I just love ‘wobama the b’ (for b***s***)
apologist in chief, Mr. Milbank. He’s so egalitarian; surprising all by his
colloquial reference to whom one might otherwise consider to be his political
polar opposite, and even political nemesis in the persona of Ronald Reagan, so
tritely referred to by Mr. Milbank as ‘The Gipper’ in whom Mr. Milbank posits
the inspiration, ‘heart and soul’, of ‘the new democratic party’. What total
b***s***! How about everyone, including Mr. Milbank, realizing the dire
predicament facing the nation owing to a now familiar political strategy of
‘kicking the can’ down the road a piece till the problem (insolvency of the
nation) has as now become insurmountable and hence, unsolvable. That’s where
we’re at now! .
Top
3 Reasons Markets Were Down on More Debt Ceiling Fears Wall St. Cheat
Sheet
July 27, 2011, ‘Markets closed down on Wall Street today: Dow -1.58% ,
S&P -2.02% , Nasdaq -2.65% , Oil -2.26% , Gold -0.22 % .
On the commodities front, Oil fell to $97.34. Precious
metals also fell, with Gold down to $1,615.80 an ounce and Silver falling 0.86%
to $40.35 an ounce.
Don’t Miss: Your
Cheat Sheet to the History of the U.S. Debt Ceiling .
Today’s markets were down because:
1) Debt ceiling. Probably the two dirtiest words in the
American vocabulary today. President Obama and members of Congress have been
working for months on a budget deal that both the Republican-led House and the
Democrat-led Senate can agree upon, to no avail. And neither side would agree
to raise the debt ceiling until a deficit-reduction plan is in place.
Unfortunately, every bill proposed so far has been shot down, and Republicans
are hurriedly working on another that will surely be shot down as well,
by members of both the right and left. Democrat and Senate Majority Leader
Harry Reid’s plan has a chance, with a significant amount of bipartisan
support, but we haven’t seen it yet, and it’s questionable whether the plan
will make it through a House vote. Oh yeah, and did I mention that the U.S.
credit rating is likely to be cut even if a bill is passed in time to raise the
debt ceiling? Apparently Reid’s and Boehner’s plans won’t cut enough to make
ratings services happy.
2 ) Weak economic data. The Fed released their Beige
Book survey today showing that the economic recovery has severely
slowed, only compounding the depressing effect of news that durable goods
orders fell 2.1% in June, which had Dow manufacturers like 3M , United
Technologies , General Electric , and Caterpillar all trading in the red today.
According to the Fed’s report, consumer spending stagnated with higher fuel
prices taking a bite out of disposable income. The report also predicted little
improvement in jobless figures in the second half of the year.
3) Earnings. Fortunately not all investors are taking
their cues from the government. With earnings report season in full swing, a
few companies have seen shares skyrocket in the last week on
better-than-expected earnings reports. Just a few of the stocks preventing the
markets from completely bottoming out are Boeing and Amazon . Dunkin
Brands also had a
bright IPO today .
BONUS: See
Why Oil Stocks Are in the Gutter .’
Live
Coverage: Robert Shiller and David Blitzer Break Down the Current Housing
Market Wall St. Cheat Sheet
Your
Cheat Sheet to the History of the U.S. Debt Ceiling Wall St. Cheat
Sheet July 26, 2011, ‘ We can all
thank President Richard Nixon for current debates over the national budget and
the debt ceiling . In 1973, the debt ceiling was $465 billion, and debt was set
to hit that level in the summer. In order to prevent the government from
reaching its debt ceiling, Nixon took it upon himself to “impound” $3.4 billion
in Congressionally appropriated funds. During that exertion of his executive
power in a situation that should have been left to the legislative branch, he
paved the way for the Congressional Budget and Impoundment Control Act of 1974 , which
established the Congressional budget process we have today and created the
Congressional Budget Office in order to limit the president’s power in the
future.
Of course, the history of the debt ceiling dates back
much further, to 1917 and the beginning of U.S. involvement in World War I,
when Congress passed the Second Liberty Bond Act in order to raise funds to pay
for the war. Since the act implemented the debt ceiling into law, it has been
increased 77 times, surprisingly common considering the heated debate in
Congress and their inability to make a decision to increase the debt ceiling
until they agree on significant budget cuts. In fact, the debt ceiling has
already been increase three times during Obama’s presidency, twice in 2009 and
once in 2010 when both the House and Senate were led by Democrats.
Don’t Miss: 9
Investments to Hedge Against a US Debt Default .
During President George W. Bush’s two terms in office,
the debt ceiling was raised 7 times, the first time by a Republican-led House
and a Democrat-led Senate in June 2002, the second with a Republican majority
in both houses less than a year later, and the final time by a Democratic
majority in both houses in November 2008. During Bush’s tenure, the debt
ceiling was increased from $5.95 trillion to $11.315 trillion.
Historically, both Republican and Democratic leaders have
witnessed significant increases to the debt ceiling during their tenure, with
lawmakers in both parties coming together to make decisions. During President
Clinton’s eight years in office, the debt ceiling was raised four times, from
$4.145 trillion to $5.95 trillion, an increase of 43.5%, while the debt ceiling
was raised a total of 17 times during President Reagan’s two terms, tripling
from $935.1 billion to $2.8 trillion. Even George H.W. Bush saw the ceiling
increased four times during his single term in office. Not including the
current administration, 16 presidents have served a total of 23 terms in office
since the Second Liberty Bond Act was passed. In that time, the debt ceiling
was raised 74 times, averaging 3.22 increases per term — nearly once a year.
In that time, the closest the government ever came to
default was a last minute deal in 1979. Though the deal was finalized in time,
computer malfunctions led to $122 million in Treasury payments being delayed,
technically amounting to temporary default and thus permanently increasing
interest rates by 0.6%, resulting in $12 billion in additional annual debt
payments, costing the government roughly $384 billion to date. We can only
imagine the toll a default, even temporary, could take on today’s economy.
Though majority leadership in both the House and Senate
was continually fluctuating, with divisions within and between Houses, between
the legislative and executive branches, members of each party, no matter how
they were divided or which group was in control, managed to increase the debt
ceiling, while avoiding default, a grand total of 77 times to date.’
Minyanville's
T3 Daily Recap: Market Rocked as Debt Fears Grow at Minyanville
Worst
Day in Two Months Wipes Out Dow's July Gains at The Wall
Street Journal
F-22
Pilots Found With Anti-Freeze, Propane in Bloodstream, Fleet Grounded at
Minyanville ‘…According to the Air Force Times , blood tests
of F-22 pilots showed a host of chemicals, including anti-freeze, propane and
burned polyalphaolefin, a synthetic oil, after flights where they reported
experiencing cognitive problems. These toxins, along with carbon monoxide, may
be causing hypoxia, which is a lack of oxygen. Hypoxia can cause reduced brain
function and memory loss. F-22 pilots reported being unable to remember how to
change radio frequencies and scraping treetops when approaching the runway. In
November 2010, an F-22 crashed in Alaska and the pilot, Capt. Jeffrey
Haney, was killed. Sources told the Air Force Times that in his
final radio calls he sounded drunk, a symptom of hypoxia… There is a lot of
nasty stuff getting pumped into the pilots’ bloodstream through what they’re
breathing from that OBOGS [On-Board Oxygen Generation System] …The source, who
requested anonymity "for fear of retribution," continued: "These guys are getting tested for toxins and
they’ve [gotten] toxins out of their bloodstreams. One of the guys was
expelling propane."In the meantime, Air Force officials say that
"some test pilots at the base are flying their jets under a special waiver
granted to them to test an unrelated software upgrade."The operational
fleet, however, remains grounded, the Air Force Times ' Majumdar
writes, "with pilots and ground crews practicing in simulators as much as
they can."But, he explains that "is not a real solution because the
pilots won’t be able to maintain currency."As another former F-22 pilot
pointed out, “After 210 days, they’ve got to start retraining
everybody."At $350
million per plane (and $44,000/hr to operate), you'd think this sort of
thing would be covered under warranty.’
The 400 Richest Americans
Pay An 18% Tax Rate
Dick Bové: You Should Be Pissing Your Pants In Fear And Planning On
Staying Wet
http://www.albertpeia.com/knownunknown.png Bess Levin ‘She recommends
“suspending investing since all stocks are likely to fall now,” getting liquid,
and finding a “safe haven” where you can draw the blinds and lay low until
things blow over.’
This
Time The Debt Ceiling Hike Really Is Different Zero Hedge|
Never before has the ratio of the proposed debt ceiling to the tax receipt
ratio been as high as it is now.
Sen. Paul
Speaks Out Against Boehner’s Bill Fox News| Paul discusses why he’s not
in support of Rep. John Boehner’s debt limit bill.
Down
To The Wire: Wednesday’s Congressional Vote On Boehner Plan Delayed Until
Thursday Tyler Durden | When describing the Boehner’s plan as perceived by the CBO
we used one key word: “laughable”.
Obama
“Will Not Take Yes For An Answer” On Debt Ceiling Debate Washington’s
Blog | House Speaker John Boehner says … “Unfortunately, the president would
not take yes for an answer,”
U.S.
markets stay calm amid debate Investors are getting antsy without a
deal in Washington, but the markets are not in freak-out mode. (Washington
Post) [ Ah, riiiiight! ‘Cool as cucumbers’ they are. Well, they still got the
high frequency, high volume, lightning speed computer manipulated
churn-and-earn going for them, on the way down as well; but, not alls well.
There’ll certainly be less in the way of funds for them to suck dry through
various machinations which obfuscate and literally hide their already crashed
scam. A
Decade of Decline in Equity Markets Faisal Humayun [
This is a must read and explains how the market’s been artificially propped,
the dow relative to hard assets, ie., gold (dow/gold ratio), has actually
crashed 78%, and comparable prospects for the next decade, etc.. ‘…The Dow
Jones Index was trading at 11,357 levels at the beginning of the year 2000.
More than a decade later (as of beginning July 2011), the index is at 12582.
Therefore, the index has gained 11% in the last ten years…’ Yet, the
inflationary dollar (declining) debasement rate was 31%. (-31%) Meanwhile, the
frauds on wall street are churnin’ and earnin’ like never before at lightning
computerized speeds enabling the high-frequency trades that are commissioned in
unprecedented large volumes; a big net negative in real economic terms.] Check out this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
Previous: (Washington Post) [ Yes … this sounds like a job for … Rosanne Rosanna Danna formerly of SNL fame, to chime in with a reminder as
her mama always used to say, ‘it’s always something’ … but unfortunately, that
somethin’ is not necessarily what they say it is. (from 2010) Reality is that the
u.s. market needs no help from Asia or Ireland or Greece, etc., to fall but
here in the states they would love for you to think that. The fact is that the
u.s. market is way over-valued / over-bought, floating on air and b*** s***
alone in this new bubble as in the last before the previous crash that the wall street
frauds and insiders commission with high frequency churn-and-earn trade
programs and sell into . I mean, forget about valuations,
security analysis, basic economics, etc. …
it’s suddenly, from out of nowhere, Ireland and China jamming on the
breaks … riiiiight! Come on! That dog don’t hunt no more! Lloyd, infra, lists
17 concerns right off the top. The decline certainly was no mystery to
Loundsbury, Roche, Maierhofer, Hussman, etc., infra, among many others. … Fed Easing Is Not Aimed at
Weakening US Dollar: Dudley [
It doesn’t matter what they say … you can’t believe a word they say, like
no-recession ben shalom bernanke … and, contrary to rhetoric, their intent was
as preceding the last crash was to inflate earnings to froth the stock market
(to create the all too familiar bubble for wall street frauds and insiders to
commission with high frequency churn-and-earn trade programs and sell into ) by
debasing the fiat Weimar dollar currency.
] New York Fed President Bill Dudley, in one of the first Fed interviews
since the central bank’s policy came under attack at the G20 meetings in Seoul,
said critics were “off base” to believe the aim of the policy is to weaken the
U.S. dollar.] U.S. stocks continue recent slide amid deepening investor anxiety
about the global economy. The stock market continued its recent slide Tuesday
amid deepening investor anxiety about the global economy. Wall Street was
worried that Ireland could require a bailout, that China will jam the brakes on
its overheating economy ... Commodities
sink on China, European concerns BusinessWeek Summary Box: Stocks
Sink on Fear of China Slowdown
Markets
may be near tipping point U.S. debt default could rock the global economy at a
vulnerable time, with growth already slowing in Asia. (Washington Post) [
‘Tipping point’? ‘May’? Yes, May. You should have sold in May and gone away! The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! Previous: Suckers’ rally into the close off lows based
on bad news and b*** s*** alone as previously: Initial
unemployment claims Jul. 21, 2011 which bad news
sparked wall street rally … what total b***s***. No budget deal, celebrated
Greek Plan – DEFAULT! … sounds like a plan!…, backward looking earnings results
… riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon
Data:
Housing market remains weak Home sales and
prices are struggling to recover, creating a drag on the economic recovery.
(Washington Post) [ If it was only just housing creating a drag on the economy.
Markets
may be near tipping point U.S. debt
default could rock the global economy at a vulnerable time, with growth already
slowing in Asia. (Washington Post) [ ‘Tipping point’? ‘May’? Yes, May. You
should have sold in May and gone away! The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed ! Suckers’ rally into the close
off lows based on bad news and b*** s*** alone as previously: Initial
unemployment claims Jul. 21, 2011 which bad news sparked wall street rally … what total
b***s***. No budget deal, celebrated Greek Plan – DEFAULT! … sounds like a
plan!…, backward looking earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean
Hanlon Tech up today? Absolute confirmation of dire
prospects worldwide since american tech is horrendous. Yet, sizzling ‘child’s
play’ is the order of the day and credit still must be given to those [ie.,
Steve Jobs-I’m truly glad he saved Apple, my first computer (apple IIc for word
processing / data based records/forms/templates/data which I interfaced with
with an electric typewriter for letter quality)] who could (as he) identify
such novelties as the biggest over-priced / over-valued sensations since the
hoola hoop (which were pretty cheap and with some minor health benefits to
boot).Take this run-up as a gift based on fraudulent wall street b***s*** alone
and take this opportunity to sell / take profits / ‘sell today if you missed in
may and then go away’! Nothing has been solved; maybe forestalled. This is the
umpteenth rally based upon the ‘solution’. The ubiquitous problems make the
notion of a ‘Gordian Knot’ a mere tinker toy in comparison. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of the money owed
to cover future liabilities in entitlement programs the US is actually in worse
financial shape than Greece and other debt-laden European countries, Pimco’s
Bill Gross told CNBC Monday.
Maierhofer: ‘ USA
INC. - INCOME STATEMENT If the United States was a corporation - USA Inc. -
here's what the Income Statement would look like:Total federal spending in 2010
amounted to $3.456 trillion. Total receipts added up to $2.162 trillion. USA
Inc.'s 2010 deficit was $1.294 trillion.The 2011 federal budget is $3.7
trillion with a projected deficit of$1.6 trillion. … USA INC. - BALANCE SHEET If you think the Income Statement
looks bad, you may not want to look at the Balance Sheet. Consensus estimates
for unfunded obligations vary. Mary Meeker pegs the shortfall at $31 trillion,
PIMCO's Bill Gross estimates the unreported debt to be $75 trillion, while other
estimates exceed $100 trillion (these amounts are insurmountable) …’ Huge suckers’ rally to keep the
suckers suckered in this market based upon backward looking data discounted
multiple times to the upside (including the apple numbers as recently as last
week on ‘leaked’ expectations of ‘better than expected’, etc.), taxpayer funded
QE results, and b***s*** alone. This is an especially great opportunity to sell
/ take profits since there’s much, much worse to come! IT'S GOING TO HURT 'FOR LONG
TIME TO COME' ‘God bless us everyone’! … As if we didn’t already know it / feel it!
Dave's
Daily 'If you can
keep interest rates this low this long, its inevitable cheap financing can
allow companies to start cobbling each other up. Further Ben's policies allow
companies like IBM to sell bonds at 1% and buy back shares with the proceeds
(total paper bubble-scam). POMO is occurring
almost daily and Primary Dealers can buy back their shares and pay dividends
with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen
Farrell ]
A
Decade of Decline in Equity Markets Faisal Humayun [
This is a must read and explains how the market’s been artificially propped,
the dow relative to hard assets, ie., gold (dow/gold ratio), has actually
crashed 78%, and comparable prospects for the next decade, etc.. ‘…The Dow
Jones Index was trading at 11,357 levels at the beginning of the year 2000.
More than a decade later (as of beginning July 2011), the index is at 12582.
Therefore, the index has gained 11% in the last ten years…’ Yet, the
inflationary dollar (declining) debasement rate was 31%. (-31%) Meanwhile, the
frauds on wall street are churnin’ and earnin’ like never before at lightning
computerized speeds enabling the high-frequency trades that are commissioned in
unprecedented large volumes; a big net negative in real economic terms.]
Check out this
inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
National / World
If
election held today, Obama would lose in ‘landslide’ National
Journal | Those polls are even more ominous for the president.
TSA Agent Poses As Cop To Harass Woman Paul Joseph Watson | Incident highlights concerns about
federal agency becoming domestic security force.
NSA Admits It Tracks Americans Via Cell Phones Steve Watson & Paul Joseph Watson | “There are
certain circumstances where that authority may exist,” said Matthew Olsen the
current nominee to head up the National Counterterrorism Center.
Americans’ debt rage boils over NY Post | Americans are fed up, and they’re letting
Congress have it.
Secret Cloning Projects Exposed: Help Us Warn the World TheAlexJonesChannel | Warn the world that the eugenicists are trying to take
over via genetically-modified clone schemes and more.
BATF Admits “Guns Walked” Under Fast & Furious Infowars.com | BATF’s William Newell grilled by House Committee on Oversight and
Government Reform.
TSA Agent Poses As Cop To Harass Woman Paul Joseph Watson | Incident highlights concerns about
federal agency becoming domestic security force.
NSA Admits It Tracks Americans Via Cell Phones Steve Watson & Paul Joseph Watson | “There are
certain circumstances where that authority may exist,” said Matthew Olsen the
current nominee to head up the National Counterterrorism Center.
The Political Theater and the Debt Ceiling Crisis: Are We
Being Had? Dr. Paul Craig
Roberts | Obama said he will not resort to the various powers open to him to
keep government running should Congress fail to deliver a debt ceiling
increase.
Fed
audit highlights possible conflicts Report finds that lending programs
generally have sound management, but also face difficult issues.(Washington
Post) [ Possible? Oh come now! If there’s one man, entity, Washington interest,
etc., that’s been and is concerned with conflicts it’s
‘no-recession-helicopter-ben-b.s.-bernake’ et als and anything that conflicts
with the huge wall street money / paper frauds that continue as we speak of
them. Come on! Does anybody buy any of the b***s*** from him or his ilk.
‘Conflicts are US’ is the prevailing entity / pressure group / reality in
Washington these days and with all the negative, diabolical consequences
therefrom, economically, financially, and otherwise. Geithner
says hard times to continue for many ] A
Decade of Decline in Equity Markets Faisal Humayun [
This is a must read and explains how the market’s been artificially propped,
the dow relative to hard assets, ie., gold (dow/gold ratio), has actually
crashed 78%, and comparable prospects for the next decade, etc.. ‘…The Dow
Jones Index was trading at 11,357 levels at the beginning of the year 2000.
More than a decade later (as of beginning July 2011), the index is at 12582.
Therefore, the index has gained 11% in the last ten years…’ Yet, the
inflationary dollar (declining) debasement rate was 31%. (-31%) {See the
inflation calculator immediately above the current date on this page – and
that’s just the government (inflation) numbers … reality is much worse!}
Meanwhile, the frauds on wall street are churnin’ and earnin’ like never before
at lightning computerized speeds enabling the high-frequency trades that are
commissioned in unprecedented large volumes; a big net negative in real
economic terms.] Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I
wrote the book Prelude To Meltdown , predicting the
global crisis that occurred the following year. I now see a similar
confluence of events that warns of phase II of the global crisis.
Once again I see all the “canaries in the mine,” which
warned of the 2008 crisis. My just released book, Financial Apocalypse , provides the clues and the road map, with charts, of how
my indicators successfully predicted the meltdown that occurred in the
fall of 2008. This book is a guide for detecting the next crisis whenever it
occurs. History repeats, or at minimum, it rhymes.
My work shows that “the new recession has started.” The
May 9 issue of the Wellington Letter was
headlined: “Return of the Double-Dip.” At the time, economists were
looking for a great economy in the second half. Now they talk about a “soft
patch.” Over the past 33 years, we have called the start of every
recession, often on the exact month, or within one month, of the official start
as determined one year later by the official arbiter of recession, the National
Bureau of Economic Research (NBER).
How can we be in recession now when the GDP still shows
growth? Because of improper inflation adjustments. “Real” GDP growth, the
headline number, is nominal growth minus the rate of inflation. However,
inflation is far understated for political reasons.
Currently, the GDP deflator is 1.8%, which hardly
reflects the true rise in prices. Therefore, what is counted as “growth,” is
actually price increases. Actual inflation, according to free market economists
who calculate inflation as it was done in 1980 before the politician
re-engineered it, is now more than 11%. Using that to adjust GDP for inflation,
would show that the economy is now in a very sharp contraction.
When the current euphoric earnings forecasts of Wall
Street finally reflect that via significant “earnings downgrades,” the stock
market will see a serious “adjustment” as well.
On July 18, Goldman Sachs ( GS ) substantially
lowered its economic growth forecast. Marketwatch.com had this headline: Goldman Sachs slashes Economic Forecasts . The next step
will be for them to substantially reduce earnings forecasts for the S&P
500.
Will the phase II be as bad as the 2008 crisis? The last
crisis was confined to the private sector, i.e. financial institutions. The
next one will be involve the threatened default of entire countries. The last
time, the central banks bailed out the financial firms and even Warren Buffett
bailed out several firms. Who is big enough to bail out entire countries? Or
will the term of “too big to fail” turn to “too big to bail?”
Gallery:
Key players shaping economic policy (Washington Post) [ Is this some kind of a joke? Key players? If
this were a game, those ‘key players’ would certainly be on the other side /
team. I mean, come on! Look at their results! Nothing short of disasterous.
And, in case you hadn’t noticed, ‘this is no game’. Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived
mideast turmoil and their wars to obfuscate and divert attention from their
failure. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn on
tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS
– PLEASE BE CAREFUL OUT THERE! ‘ Dave's
Daily 'If you can
keep interest rates this low this long, its inevitable cheap financing can
allow companies to start cobbling each other up. Further Ben's policies allow
companies like IBM to sell bonds at 1% and buy back shares with the proceeds
(total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St.
S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell A
Decade of Decline in Equity Markets Faisal Humayun [
This is a must read and explains how the market’s been artificially propped,
the dow relative to hard assets, ie., gold (dow/gold ratio), has actually
crashed 78%, and comparable prospects for the next decade, etc.. ‘…The Dow
Jones Index was trading at 11,357 levels at the beginning of the year 2000. More
than a decade later (as of beginning July 2011), the index is at 12582.
Therefore, the index has gained 11% in the last ten years…’ Yet, the
inflationary dollar (declining) debasement rate was 31%. (-31%) {See the
inflation calculator immediately above the current date on this page – and
that’s just the government (inflation) numbers … reality is much worse!}
Meanwhile, the frauds on wall street are churnin’ and earnin’ like never before
at lightning computerized speeds enabling the high-frequency trades that are
commissioned in unprecedented large volumes; a big net negative in real
economic terms.]
Vote
on Boehner bill delayed after analysis Washington barreled closer to crisis as
House Speaker Boehner and Senate Majority Leader Reid scrambled to build
support for rival plans to control the national debt, but both appeared doomed
without significant modifications. (Washington Post) [ Psychoanalysis? Oh, yeah
… that other kind of analysis, that deals with numbers and things and logic.
Okay … sounds like a plan … or, at least planning to have a plan. But let’s not
dismiss psychoanalysis so quickly either. After all, they are americans … after
all; and particularly, D.C. Washingtonian americans at that ( I did a brief
paper on psychoanalysis / psychoanalytic method http://albertpeia.com/psychoanalyticmethod82309.htm which is a compelling subject). Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street
accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Obama
spars with Boehner as deadline looms The president said in a prime-time
speech that, unless Congress agrees quickly to a long-term increase in the debt
ceiling, “we would risk sparking a deep economic crisis.” In response, the
House speaker said that “the solution to this crisis is not complicated,” but
that he would not give the president a “blank check.” (Washington Post) [ Well,
it’s that darn teleprompter. Yeah, Mr. Teleprompter really craves that prime
time face time; you know, so close to the elections. ‘Grand
bargain’ talks fail as Boehner walks out House Speaker John Boehner’s
abandoning of talks with the White House throws into chaos efforts to raise the
legal limit on government borrowing with just 11 days before the U.S. Treasury
is due to run out of cash. (Washington Post) [ Geeh! And we were all just
getting excited / aroused having been told wobama’s got a Boehner … Not, they
say … but dem PIIGS got problems too. Europe’s
debt crisis threatens Italy (Washington Post) [ Yeah, dem’ darn
PIIGS. Reminds me of that joke (I won’t
repeat it here except the punch line): ‘That’s black bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop …
py. Obama,
Boehner push for ambitious debt plan Savings of $3 trillion over the next
decade would come from spending cuts and changes to entitlement programs, but
no immediate tax increases. (Washington Post) [ Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of the money owed to cover future liabilities in
entitlement programs the US is actually in worse financial shape than Greece
and other debt-laden European countries, Pimco’s Bill Gross told CNBC
Monday. Maierhofer: ‘ USA
INC. - INCOME STATEMENT If the United States was a corporation - USA Inc. - here's what the Income
Statement would look like:Total federal spending in 2010 amounted to $3.456
trillion. Total receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit
was $1.294 trillion.The 2011 federal budget is $3.7 trillion with a projected
deficit of$1.6 trillion. … USA INC. - BALANCE SHEET If you think the Income Statement looks bad, you may not want to look at
the Balance Sheet. Consensus estimates for unfunded obligations vary. Mary
Meeker pegs the shortfall at $31 trillion, PIMCO's Bill Gross estimates the
unreported debt to be $75 trillion, while other estimates exceed $100 trillion
(these amounts are insurmountable) …’ Moody's
puts U.S. ratings on review for downgrade Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.).
Federal
Reserve can’t rescue debacle (Washington Post) [ Are you sure about
that? After all, they’ve certainly been
instrumental in creating this crisis; and for quite some time the fed’s
been admonished for doing exactly that. Here’s a straight shooter from across
the pond who was appalled by what he saw in clinton’s Arkansas / then u.s.
(although his ‘england’ / great britain is worse for wear and has itself
devolved into comparable orwellian and worse madness). ‘ The
Kabuki theatre of America’s Debt Ceiling Jul 26th, 2011 by News By Ambrose Evans-Pritchard (The Telegraph) http://www.usagold.com/cpmforum — Calm down.
The US will not miss a coupon payment on its $14.3tn debt next Wednesday.A
genuine default would be “Lehman on Steroids” in the words of Ex-Treasury
secretary Larry Summers. Precisely for that reason President Obama will not
pull the trigger, EVEN IF the debt ceiling talks break down in acrimony. Obama
still has a clutch of cards to play, in extremis. [One example]…the US Treasury
could eliminate the Fed’s entire holding of Treasury bonds at a stroke, gaining
an extra two years. This would be a simple accounting transaction. Ben Bernanke
might feel uncomfortable, and gold might blast to $3,000 , but the
Bernanke Fed has proved itself supple.’ Your
Cheat Sheet to the History of the U.S. Debt Ceiling Wall St. Cheat
Sheet July 26, 2011, ‘ We can all
thank President Richard Nixon for current debates over the national budget and
the debt ceiling . In 1973, the debt ceiling was $465 billion, and debt was set
to hit that level in the summer. In order to prevent the government from
reaching its debt ceiling, Nixon took it upon himself to “impound” $3.4 billion
in Congressionally appropriated funds. During that exertion of his executive
power in a situation that should have been left to the legislative branch, he
paved the way for the Congressional Budget and Impoundment Control Act of 1974 , which
established the Congressional budget process we have today and created the
Congressional Budget Office in order to limit the president’s power in the
future.
Of course, the history of the debt ceiling dates back
much further, to 1917 and the beginning of U.S. involvement in World War I,
when Congress passed the Second Liberty Bond Act in order to raise funds to pay
for the war. Since the act implemented the debt ceiling into law, it has been
increased 77 times, surprisingly common considering the heated debate in
Congress and their inability to make a decision to increase the debt ceiling
until they agree on significant budget cuts. In fact, the debt ceiling has
already been increase three times during Obama’s presidency, twice in 2009 and
once in 2010 when both the House and Senate were led by Democrats.
Don’t Miss: 9
Investments to Hedge Against a US Debt Default .
During President George W. Bush’s two terms in office,
the debt ceiling was raised 7 times, the first time by a Republican-led House
and a Democrat-led Senate in June 2002, the second with a Republican majority
in both houses less than a year later, and the final time by a Democratic
majority in both houses in November 2008. During Bush’s tenure, the debt
ceiling was increased from $5.95 trillion to $11.315 trillion.
Historically, both Republican and Democratic leaders have
witnessed significant increases to the debt ceiling during their tenure, with
lawmakers in both parties coming together to make decisions. During President
Clinton’s eight years in office, the debt ceiling was raised four times, from
$4.145 trillion to $5.95 trillion, an increase of 43.5%, while the debt ceiling
was raised a total of 17 times during President Reagan’s two terms, tripling
from $935.1 billion to $2.8 trillion. Even George H.W. Bush saw the ceiling
increased four times during his single term in office. Not including the
current administration, 16 presidents have served a total of 23 terms in office
since the Second Liberty Bond Act was passed. In that time, the debt ceiling
was raised 74 times, averaging 3.22 increases per term — nearly once a year.
In that time, the closest the government ever came to
default was a last minute deal in 1979. Though the deal was finalized in time,
computer malfunctions led to $122 million in Treasury payments being delayed,
technically amounting to temporary default and thus permanently increasing
interest rates by 0.6%, resulting in $12 billion in additional annual debt
payments, costing the government roughly $384 billion to date. We can only
imagine the toll a default, even temporary, could take on today’s economy.
Though majority leadership in both the House and Senate
was continually fluctuating, with divisions within and between Houses, between
the legislative and executive branches, members of each party, no matter how
they were divided or which group was in control, managed to increase the debt
ceiling, while avoiding default, a grand total of 77 times to date.’
‘What
would Jesus cut?’ (Washington
Post) [ Don’t bring Jesus into this! After all, he’d probably already have been
nailed to some cross somewhere in this pro-israel nouveau new world order
‘roman empire’ at the behest of some nwo neo-con israeli shill.] A
summer camp for atheists [Camp as in
camping?]Welcome to Camp Quest, the freethinkers’ answer to Bible school, where
belief means different things. [ I previously weighed in / wrote: Why
do Americans still dislike atheists? (Washington
Post) [ And not just americans … Why?
First and foremost because there is a God. Second, it is intellectually
dishonest to be an atheist. Specifically, there is absolutely no evidence to
dispute the existence of God. While one might similarly argue that there is no
evidence to suggest there is a God (which I would dispute), which for most is a
fair statement, the same would yield at best, if intellectually honest, the
position of ‘agnostic’. I can totally understand and even empathize with the
view of the agnostic. After all, at this point, there seems to be ‘no rhyme nor
reason’ at all. But, think binary, positives / negatives. Just too many
negatives. Think ‘capital punishment’. No, the world’s not going to end in 2012
as some fear. Rather, think slow burn; decades at best; then ‘poof’. In the
scheme of things, this world’s just not that important (apes, notochordates, and initially single celled
organisms). ] Science
and religion: God didn't make man; man made gods http://discussions.latimes.com/20/lanews/la-oe-thompson-atheism-20110718/10 Among the songs I have chord charts for (courtesy of my
guitar instructor), I know the words to the song. I’m all for peace because
it’s rational. ‘No possessions’, John Lennon didn’t give up one. He even was
pro-Reagan politically. Have you taken a really close look at this world today
and what man’s created, ‘mr. and mrs. pro-science and reason’. You obviously
take delight in speaking about a subject far beyond your own capacity to truly
understand; and then your non-sequitor, unprovable conclusions. Quite simply,
the authors of this article are pathetic and merely seem to be looking
desperately for an audience; a niche where really profound truth gives way as
does form over substance. Once again, you are pathetic! Harold
Camping reaffirms October date for the end of the world, says May 21 date was
'invisible judgment day' (The Washington
Post) [ I comment here not owing to the importance of the latest ‘prediction’
by camping who’s probably ‘been camping’ too long in the nether reaches of the
atmosphere (affects the brain, ‘neural firing’ in a negative fashion); but to
allay public concerns, and particularly for those suffering from generalized
anxiety disorder, to subtract one life circumstance from their unrealistic
worry; and, because I had previously commented as set forth infra. No! The
world will not be ending on October 21, 2011 or any other date as set forth by
camping. Indeed, God needs no mathematics, formulae, or codes to
surreptitiously convey the end; his hand ultimately unmistakably known to all.
You’ll know it when you see it. As for camping, let’s play umpires and predict
the future; strike three, he’s out. Harold
Camping: the heart of the doomsday frenzy (Los Angeles Times) The last-minute
rapture reading list (Los Angeles
Times) [Drudgereport: Preacher made same prediction
in 1994... Doomsday church thriving,
worth $72 million... [Previous: ‘End
of Days’ message rolls into D.C. (Washington
Post) The potentially rotten news
that the world will end on May 21 arrived plastered on a caravan of RVs. [ Gee
… little premature … you know, that 2012, end of Mayan calendar, Nostradamus
thing … I previously weighed in / wrote:
Why
do Americans still dislike atheists? (Washington
Post) [ And not just americans … Why?
First and foremost because there is a God. Second, it is intellectually dishonest
to be an atheist. Specifically, there is absolutely no evidence to dispute the
existence of God. While one might similarly argue that there is no evidence to
suggest there is a God (which I would dispute), which for most is a fair
statement, the same would yield at best, if intellectually honest, the position
of ‘agnostic’. I can totally understand and even empathize with the view of the
agnostic. After all, at this point, there seems to be ‘no rhyme nor reason’ at
all. But, think binary, positives / negatives. Just too many negatives. Think
‘capital punishment’. No, the world’s not going to end in 2012 as some fear.
Rather, think slow burn; decades at best; then ‘poof’. In the scheme of things,
this world’s just not that important (apes, notochordates,
and initially single celled organisms). ]
A
party of scorpions The GOP refuses
to be rational in debt talks. (Washington Post) [ I am truly non-partisan. That
said, to ascribe irrationality to one party relative to the other is at best
disingenuous and intellectually dishonest, and at worst, a blatant falsehood
more commonly known as a lie. After all, we are talking about an
insurmountable, unsustainable debtload the likes of which, even if adjusted for
inflation, has never been seen on this planet. A
center vs. right debt fight Obama talks to the middle while Boehner
rallies the right. (Washington Post) [ Oh come on! There’s no justifying woboma
here as some principled, reasonable partisan moving gently to the middle for
the sake of the deal. Rather, he’s the desperate, failed ‘pol’ who’s hearing
footsteps in 2012; who’s told one lie too many ; who’s made the wrong choice
one time too many. People are tired of his b*** s*** and excuses. He’s failed
miserably and yet had the easiest act in the world to follow in the persona of
fellow failed president war criminal dumbya bush whose failed policies up to
the real start of the election cycle he’s largely followed. He’s become the
personification of that age-old joke; viz., (punchline) ‘looks like s***,
smells like s***, tastes like s*** … ‘good thing we didn’t step in it!’ Well,
guess what? With ‘wobama the b’ (for b***s***), we ‘stepped in it’. He’s all
that … bad! Milbank:
Dealing with the Default Caucus (Washington Post) [ I just love ‘wobama the b’ (for b***s***)
apologist in chief, Mr. Milbank. He’s so egalitarian; surprising all by his
colloquial reference to whom one might otherwise consider to be his political
polar opposite, and even political nemesis in the persona of Ronald Reagan, so
tritely referred to by Mr. Milbank as ‘The Gipper’ in whom Mr. Milbank posits
the inspiration, ‘heart and soul’, of ‘the new democratic party’. What total
b***s***! How about everyone, including Mr. Milbank, realizing the dire
predicament facing the nation owing to a now familiar political strategy of
‘kicking the can’ down the road a piece till the problem (insolvency of the
nation) has as now become insurmountable and hence, unsolvable. That’s where
we’re at now! . Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of the money owed to cover future liabilities in
entitlement programs the US is actually in worse financial shape than Greece
and other debt-laden European countries, Pimco’s Bill Gross told CNBC
Monday. Maierhofer: ‘ USA
INC. - INCOME STATEMENT If the United States was a corporation - USA Inc. - here's what the Income
Statement would look like:Total federal spending in 2010 amounted to $3.456
trillion. Total receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit
was $1.294 trillion.The 2011 federal budget is $3.7 trillion with a projected
deficit of$1.6 trillion. … USA INC. - BALANCE SHEET If you think the Income Statement looks bad, you may not want to look at
the Balance Sheet. Consensus estimates for unfunded obligations vary. Mary
Meeker pegs the shortfall at $31 trillion, PIMCO's Bill Gross estimates the
unreported debt to be $75 trillion, while other estimates exceed $100 trillion
(these amounts are insurmountable) …’ IT'S
GOING TO HURT 'FOR LONG TIME TO COME' ‘God
bless us everyone’! … As if we didn’t
already know it / feel it! Dave's
Daily 'If you can
keep interest rates this low this long, its inevitable cheap financing can
allow companies to start cobbling each other up. Further Ben's policies allow
companies like IBM to sell bonds at 1% and buy back shares with the proceeds
(total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell Is
America The Next Greece? at Forbes Marc Schindler ‘After many
years of overeating (overspending) Greece is in the emergency room with a major
financial heart attack and America isn’t far behind.The doctors (IMF, European
finance ministers, the ECB, etc.) are running around trying to save it. Open
heart surgery (loans guaranteed by others) has averted the immediate crisis,
but Greece is just as overweight today as it was before the crisis. Attempts to
lose weight through exercise (austerity measures) cause serious chest pains
(riots). The doctors don’t want to admit it, but all signs point to a heart
transplant (default) as the only way to get Greece onto its feet again.Greece
isn’t the only one. It is a veritable epidemic. Ireland, Italy, Portugal, Spain
and a host of other countries are having chest pains. Iceland is feeling better
now with its freshly transplanted heart. The American home owner is still in
the hospital from his financial heart attack after gobbling up vast quantities
of real estate, and it has been many decades since Uncle Sam last could see his
toes. By most accounts (e.g. here or Bill Gross ‘ statements in
a recent interview) total hidden government liabilities add up to about
$60-$100 trillion. That is on top of the $14 trillion of debt carried on the
balance sheet. Adding up those liabilities, the US owes at least five times
GDP, which currently sits at about $15 trillion. For comparison, Greece’s debt
is about 1.5 times its GDP…’ Pity the Policymakers July 21st, 2011 by News
by Mohamed A. El-Erian (Project Syndicate) — ‘I don’t know about you,
but whenever I am in an airplane experiencing turbulence, I draw comfort from
the belief that the pilots sitting behind the cockpit’s closed door know what
to do. I would feel very differently if, through an open door, I observed
pilots who were frustrated at the poor responsiveness of the plane’s controls,
arguing about their next step, and getting no help whatsoever from the
operator’s manuals. So it is unsettling that policymakers in many Western
economies today resemble the second group of pilots. This perception reflects
not only the contradictory pronouncements and behavior of policymakers, but
also the extent to which economic outcomes have consistently fallen short of
their expectations.This perception is evident in Europe, the United States, and
Japan, where indicators of economic sentiment are deteriorating again,
already-weak recoveries are stalling, and over-stretched balance sheets are
becoming even more precarious.’
Will:
Obama is the debt problem (Washington Post)
[ If ‘wobama the b’ (for b***s***) was only the debt problem, there’d be some
hope. But alas, Mr. Perma War, Mr. No Pros Wall Street, Mr. Teleprompter, and
more all rolled into one, it’s difficult now to see where one wobama-induced
(by failing to heed his own campaign promises upon which he was elected)
problem ends and another begins. Indeed, an amorphous amalgamation of
problematic scenarios that defy, based on his/their own own lack of
perspective/knowledge, their ability to identify the problems much less solve
them. America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
Though having but 5% of the world’s population, the u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
US
Equities Forecast and the Anticipated Path of the Market at Minyanville Peter Prudden July 25, 2011 The market continues to pull back on
global macro problems, and conversely, trade higher on short-term debt
solutions, robust Q2 earnings, and recent improving economic data. In early May my thesis on the market was
setting up for a significant market crash, based upon an unsustainable bid
occurring in equities. The damage manifesting under the hood was indicative of
such a crash comparable to 1987; one that would result in testing the March
2009 lows. Since that time, the market has undergone a consolidation process
through time rather than a function of lower prices . I see two
distinct developments that will shape our direction over the short,
intermediate and long term. consumer
credit spending habits. Rising inflation costs on daily
necessities are forcing middle and lower class Americans to their credit cards
for survival. Elevated unemployment and poor housing numbers will continue to
have a lack of improvement. http://image.minyanville.com/assets/FCK_Jan2011/Image/July11/ppr7251b.jpg … ’
Live
Coverage: Robert Shiller and David Blitzer Break Down the Current Housing
Market Wall St. Cheat Sheet
Your
Cheat Sheet to the History of the U.S. Debt Ceiling Wall St. Cheat
Sheet July 26, 2011, ‘ We can all
thank President Richard Nixon for current debates over the national budget and
the debt ceiling . In 1973, the debt ceiling was $465 billion, and debt was set
to hit that level in the summer. In order to prevent the government from
reaching its debt ceiling, Nixon took it upon himself to “impound” $3.4 billion
in Congressionally appropriated funds. During that exertion of his executive
power in a situation that should have been left to the legislative branch, he
paved the way for the Congressional Budget and Impoundment Control Act of 1974 , which
established the Congressional budget process we have today and created the
Congressional Budget Office in order to limit the president’s power in the
future.
Of course, the history of the debt ceiling dates back
much further, to 1917 and the beginning of U.S. involvement in World War I,
when Congress passed the Second Liberty Bond Act in order to raise funds to pay
for the war. Since the act implemented the debt ceiling into law, it has been
increased 77 times, surprisingly common considering the heated debate in
Congress and their inability to make a decision to increase the debt ceiling
until they agree on significant budget cuts. In fact, the debt ceiling has
already been increase three times during Obama’s presidency, twice in 2009 and
once in 2010 when both the House and Senate were led by Democrats.
Don’t Miss: 9
Investments to Hedge Against a US Debt Default .
During President George W. Bush’s two terms in office,
the debt ceiling was raised 7 times, the first time by a Republican-led House
and a Democrat-led Senate in June 2002, the second with a Republican majority
in both houses less than a year later, and the final time by a Democratic
majority in both houses in November 2008. During Bush’s tenure, the debt
ceiling was increased from $5.95 trillion to $11.315 trillion.
Historically, both Republican and Democratic leaders have
witnessed significant increases to the debt ceiling during their tenure, with
lawmakers in both parties coming together to make decisions. During President
Clinton’s eight years in office, the debt ceiling was raised four times, from
$4.145 trillion to $5.95 trillion, an increase of 43.5%, while the debt ceiling
was raised a total of 17 times during President Reagan’s two terms, tripling
from $935.1 billion to $2.8 trillion. Even George H.W. Bush saw the ceiling
increased four times during his single term in office. Not including the
current administration, 16 presidents have served a total of 23 terms in office
since the Second Liberty Bond Act was passed. In that time, the debt ceiling was
raised 74 times, averaging 3.22 increases per term — nearly once a year.
In that time, the closest the government ever came to
default was a last minute deal in 1979. Though the deal was finalized in time,
computer malfunctions led to $122 million in Treasury payments being delayed,
technically amounting to temporary default and thus permanently increasing
interest rates by 0.6%, resulting in $12 billion in additional annual debt
payments, costing the government roughly $384 billion to date. We can only imagine
the toll a default, even temporary, could take on today’s economy.
Though majority leadership in both the House and Senate
was continually fluctuating, with divisions within and between Houses, between
the legislative and executive branches, members of each party, no matter how
they were divided or which group was in control, managed to increase the debt
ceiling, while avoiding default, a grand total of 77 times to date.’
Soros
Exits And Takes A Cheap Shot At Regulators at Forbes George
Soros Retires From Hedge Fund Management
Top 3 Reasons Markets Were Down After Obama and Boehner Showdown
Wall St. Cheat
Sheet July 26, 2011, ‘Markets closed down on Wall Street today: Dow -0.72% ,
S&P -0.40% , Nasdaq -0.10% , Oil +0.27% , Gold +0.49 %.
On the commodities front, Oil climbed to $99.47. Precious
metals also gained, with Gold up to $1,622.30 an ounce and Silver climbing
1.50% to $40.97 an ounce.
Don’t Miss: Your
Cheat Sheet to the History of the U.S. Debt Ceiling .
Today’s markets were down because:
1) Obama/Boehner . Last week they were working together
and everyone was confident that a budget deal was on its way, but when House
Speaker Boehner walked out on talks on Friday, that no longer looked to be the
case. Then last night, Obama addressed the nation, re-affirming his intention
to veto any deal that didn’t include both tax revenue and spending cuts.
Following his address, Boehner
spoke, criticizing Obama’s inability to compromise while himself
refusing to compromise with the president. The Treasury’s deadline is now only
7 days away, and there isn’t even a complete bill currently before the House or
Senate, and yet investors aren’t panicking. Markets are down, but not as much
as would be expected if the economy was about to be dealt as huge a blow as
would be a government default on the debt . Whether it’s because people don’t
understand just what a default could mean for the economy, or because they are
confident their lawmakers will come to a resolution in time, investors aren’t
running scared. The current state of budget talks may be preventing markets
from climbing excessively, but they don’t seem to be depressing them much
either.
2) Earnings. Were it not for the weight of the debt
ceiling, today’s markets may have been fared better. With 75% of S&P 500
companies beating earnings expectations in their latest quarters, this earnings
season has been overwhelmingly positive, and points to increased spending that,
if given the chance, could stimulate the economy into the recovery we’ve been
waiting on. A lot of the the biggest earners during the latest quarter were
tech companies, including Chinese Internet search company Baidu with second
quarter earnings climbing 95% over a year earlier, and Apple reported net
income twice that of the previous year.
3) New home sales. For the second month in a row, new
home sales slipped in June, with the Census Bureau reporting an annual sales
rate of 312,ooo new homes last month, down from 315,000 in May. That’s bad news
for the housing market considering this time of year usually sees increasing
sales. However, June sales were still up 1.6% over last year, so like most of
our economic news of late, it’s effect on the markets hasn’t been wholly
negative or positive. And Case-Shiller
said housing prices actually rose month over month ’ (but this is
a seasonal thing which was not adjusted as such).
10 Jobs With High Depression Rates (for the criminally insane frauds on wall street that's
literally and figuratively speaking!)
Recovery
Job Growth Concentrated In Low-Paying Occupations Huffington Post | Workers
navigating the current labor market are facing a “significant good jobs
deficit.”
A lesson from Greece UPI | Economists
seem not so surprised Moody’s Investor’s Service downgraded Greek bonds.
Geithner
gave Fed official waiver on AIG holdings Reuters | Geithner
waiver allowed William Dudley to hold investments in firms getting emergency
help.
Goldman Launches The SS
QE3 Tyler Durden | Oh well, the recovery was fun
while it lasted.
HuffPo-AOL
Admits We’re in a Depression… Sorta Kurt Nimmo | Few are
calling it what it is — a Greater Depression engineered by the Federal Reserve.
Debt
Ceiling Intransigence: Unintended Consequences… Dr. Paul Craig
Roberts | Which party is responsible for intransigence on raising the debt
ceiling? Republicans say the Democrats are, and Democrats say the Republicans
are.
IMF
chief urges U.S. to immediately resolve debt spat Reuters | IMF
chief Christine Lagarde on Tuesday urged the United States to quickly resolve a
political stalemate over raising the debt ceiling.
The
Federal Reserve ADMITS that Its 12 Banks Are PRIVATE – Not Government –
Entities Washintong’s Blog | Much of the tens of trillions in
bailout money and “easy” money from quantitative easing went to foreign banks.
Americans
increasingly unhappy with Washington’s effort on jobs, poll finds More Americans
are unhappy with how both President Obama and congressional Republicans have
handled the economy. (Washington Post)
[ Duh! Ya think? Unemployment
up in 28 states in June The rate for the District surpassed the national rate, up
to 10.4 percent (Washington Post) [ Well there you go say the bernanken
wobomanoids! Great news in that there’s no reported change in 22 other states
(yet). Yeah! Happy days are here again! The frauds on wall street et als should be criminally prosecuted, jailed,
fined, and disgorgement imposed ! Initial
unemployment claims Jul. 21, 2011 which bad news
sparked wall street rally … what total b***s***. No budget deal, celebrated
Greek Plan – DEFAULT! … sounds like a plan!…, backward looking earnings results
… riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon Tech up today? Absolute confirmation of dire
prospects worldwide since american tech is horrendous. Yet, sizzling ‘child’s
play’ is the order of the day and credit still must be given to those [ie.,
Steve Jobs-I’m truly glad he saved Apple, my first computer (apple IIc for word
processing / data based records/forms/templates/data which I interfaced with an
electric typewriter for letter quality)] who could (as he) identify such
novelties as the biggest over-priced / over-valued sensations since the hoola
hoop (which were pretty cheap and with some minor health benefits to boot).Take
this run-up as a gift based on fraudulent wall street b***s*** alone and take
this opportunity to sell / take profits / ‘sell today if you missed in may and
then go away’! Nothing has been solved; maybe forestalled. This is the
umpteenth rally based upon the ‘solution’. The ubiquitous problems make the
notion of a ‘Gordian Knot’ a mere tinker toy in comparison. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of the money owed to cover future liabilities in
entitlement programs the US is actually in worse financial shape than Greece
and other debt-laden European countries, Pimco’s Bill Gross told CNBC
Monday. Maierhofer: ‘ USA
INC. - INCOME STATEMENT If the United States was a corporation - USA Inc. - here's what the Income
Statement would look like:Total federal spending in 2010 amounted to $3.456
trillion. Total receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit
was $1.294 trillion.The 2011 federal budget is $3.7 trillion with a projected
deficit of$1.6 trillion. … USA INC. - BALANCE SHEET If you think the Income Statement looks bad, you may not want to look at
the Balance Sheet. Consensus estimates for unfunded obligations vary. Mary
Meeker pegs the shortfall at $31 trillion, PIMCO's Bill Gross estimates the
unreported debt to be $75 trillion, while other estimates exceed $100 trillion
(these amounts are insurmountable) …’ Huge suckers’ rally to keep the suckers suckered in this
market based upon backward looking data discounted multiple times to the upside
(including the apple numbers as recently as last week on ‘leaked’ expectations
of ‘better than expected’, etc.), taxpayer funded QE results, and b***s***
alone. This is an especially great opportunity to sell / take profits since
there’s much, much worse to come! IT'S
GOING TO HURT 'FOR LONG TIME TO COME' ‘God
bless us everyone’! … As if we didn’t
already know it / feel it! Dave's
Daily 'If you can
keep interest rates this low this long, its inevitable cheap financing can
allow companies to start cobbling each other up. Further Ben's policies allow
companies like IBM to sell bonds at 1% and buy back shares with the proceeds
(total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell ] A
Decade of Decline in Equity Markets Faisal Humayun [
This is a must read and explains how the market’s been artificially propped,
the dow relative to hard assets, ie., gold (dow/gold ratio), has actually
crashed 78%, and comparable prospects for the next decade, etc.. ‘…The Dow
Jones Index was trading at 11,357 levels at the beginning of the year 2000.
More than a decade later (as of beginning July 2011), the index is at 12582.
Therefore, the index has gained 11% in the last ten years…’ Yet, the
inflationary dollar (declining) debasement rate was 31%. (-31%) {See the
inflation calculator immediately above the current date on this page – and
that’s just the government (inflation) numbers … reality is much worse!}
Meanwhile, the frauds on wall street are churnin’ and earnin’ like never before
at lightning computerized speeds enabling the high-frequency trades that are
commissioned in unprecedented large volumes; a big net negative in real
economic terms.] Check out this inflation
calculator: http://www.albertpeia.com/inflationcalculator.htm The Economic Collapse ‘The following are
15 examples that show many Americans have become so desperate that they will do
just about anything for money….
#1 In Utah, one
unemployed 28 year old man is offering to be “human prey” for hunters for the bargain price
of $10,000 . For an additional $2,000, he will let people hunt
him down while he is running around naked.
#2 The Huffington Post is
reporting that there has been an epidemic of air conditioning thefts all over the
United States….
Across the country, in states like Illinois, Texas,
Arizona, Georgia and Florida, there have been reports of thieves stealing
unsecured air conditioning units weighing as much as 125 pounds.
#3 In Corpus
Christi, Texas thieves have actually been breaking into funeral homes in order to steal
the embalming fluid .
#4 Even police
officers are committing desperate acts these days. Just check out what
one police officer in Chicago is charged with doing ….
A Chicago Police officer stole $50,000 from his ailing
elderly father to pay off his bills and gambling debts and unsuccessfully
attempted to swipe his dad’s retirement savings by impersonating him
#5 Nothing is off
limits to thieves these days. Criminals recently broke into a southwest
Atlanta beauty supply store and took
off with $30,000 in hair extensions .
#6 In another area of Atlanta , thieves have
been breaking down walls and busting bathroom fixtures with sledgehammers in
order to get their hands on copper, brass and steel….
Kids in two Atlanta communities won’t have their
neighborhood pools to help beat the summer heat, at least for now. Thieves used
what is believed to be sledge hammers to bust walls and break fixtures in
bathrooms at Adams and South Bend parks to steal copper, brass and steel.
#7 One
grandmother in Florida has been accused of trying to sell her newborn
grandson for $75,000 .
#8 In Antioch, California
a total of approximately 300 power poles were recently
knocked down by thieves and stripped of their copper wiring.
#9 In Minnesota
recently, a mob of teen girls brutally pummeled a mother and her two
daughters until they were black
and blue . Apparently the mob of teen girls was enraged over a pair of
missing sunglasses.
#10 In Asheville,
North Carolina thieves recently took off with 4 metal tables and
16 metal chairs that were sitting outside a pizzeria.
#11 In Florida,
thieves have actually been stealing storm drain covers .
#12 In Oregon,
thieves recently broke into a Salvation Army community center and stole 3 large air conditioning units . Now all
the people that come to that facility for help and for community programs this
summer will be absolutely sweltering.
#13 In the
Cleveland area, two young boys that had set up a lemonade stand were robbed in broad
daylight . The crooks got away with approximately 12 dollars.
#14 In Oklahoma,
thieves recently broke into a church and stole “ arts
and crafts supplies meant to help teach bible stories to children “.
#15 A 59 year old
man from North Carolina named Richard James Verone was so desperate for money
that he actually robbed a bank and got caught
on purpose so that he could be put in prison and be given free health care.
Markets
may be near tipping point U.S. debt default could rock the global economy at a
vulnerable time, with growth already slowing in Asia. (Washington Post) [
‘Tipping point’? ‘May’? Yes, May. You should have sold in May and gone away! The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! Previous: Suckers’ rally into the close off lows based
on bad news and b*** s*** alone as previously: Initial
unemployment claims Jul. 21, 2011 which bad news
sparked wall street rally … what total b***s***. No budget deal, celebrated
Greek Plan – DEFAULT! … sounds like a plan!…, backward looking earnings results
… riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon
National / World
Obama Secretly Tells Banks: We’re Not Defaulting Fox News | The Obama administration has been privately
telling top executives at major U.S. banks that a default will not happen.
EU Exploits Norway Massacre to Stifle Dissent Paul Joseph Watson | European Union to launch “extremist” early warning system, despite the
fact that EU treats legitimate criticism of its own institution as “extremism”.
TSA Reminds Us All Who The Real Terrorists Are Steve Watson | Distressed woman filmed receiving full
body grope down, cameraman told “do not talk to her”.
Former Ambassador Links Tea Party to Norway Killer Kurt Nimmo | Craig Murray, a former British ambassador to
Uzbekistan, is attempting to link up Anders Behring Breivik and the American
Tea Party.
New polls confirm Obama’s Democratic base crumbles LA Times | Now, comes a new ABC News/Washington Post poll
with a whole harvest of revelations, among them, strong indications that
Obama’s liberal base is starting to crumble.
Issa: Obama admin intimidating witnesses in ATF gun probe
The Washington Times |
The Obama administration sought to intimidate witnesses into not testifying to
Congress on Tuesday.
Guns from U.S. sting at Mexican crime scenes: report Reuters | At least 122 firearms from a botched U.S.
undercover operation have been found at crime scenes in Mexico or intercepted
en route to drug cartels.
Mutilated
pro-Gaddafi soldiers found dead in rebel-controlled area: report RT | A mass-grave
of alleged pro-Gaddafi soldiers has been discovered in a rebel-controlled area
in Libya
Man
Who Knew Anders Behring Breivik Says He Was Brainwashed RT | Ulav
Andersson, who knows and worked with Breivik, says he may have been
brainwashed.
Europol to
Investigate Non-Islamic Terror Kurt Nimmo | EU agency to
investigate so-called right-wing, although more violence comes from the left.
The Worst Run State in
America? Not California [California’s #2] Oct. 8 2010 ‘Kentucky
is worst run state in the nation. The best financially managed state? Wyoming.
And which state has the highest percentage of people living below the poverty
line? Arkansas.
These are just some of the findings from 24/7
Wall Street’s comprehensive study of states’ financial management.
The rankings were based on a number of metrics including unemployment rate,
debt per capita, home price change between 2006 and 2009 and median household
income.
The study also found that Delaware (home to many
financial services companies) has the best credit rating in the country.
California has the worst credit rating (no shocker there.) And Texas is home to
the lowest percentage of high school graduates over age 25. Meanwhile, South
Carolina and Nevada see the most violent crime than any other state in the
country. (Unfortunately for those folks in Nevada the state has one of the
highest percentages of people without health insurance.)
24/7 Wall Street comes to this conclusion about its
rankings: “Well-run states have a great deal in common with well-run
corporations. Books are kept balanced. Investment is prudent. Debt is
sustainable. Innovation is prized. Workers are well-chosen and well-trained.
Executives are picked based on merit and not ‘politics.’”
Check out the list for a few surprises like California
coming in as a runner-up for the worst run state in the country. Thanks to
Kentucky’s overall terrible performance, Governor Schwarzenegger can sleep well
knowing someone else is doing a worse job.
Kentucky’s troubles include having one of the lowest GDP
per capita, it ranks 47th in median household income, and it’s ranked 49th for
having one of the highest percentages (18.6%) of people below the poverty line.
I wonder what the Tea Party’s favorite Kentucky candidate Rand Paul would say
about this.’
Tiger death in Indonesia blamed on paper firm [ indonesia, as
well as india are going to suffer for their recent killing of those big cats! REPORT:
Mountain Lion Killed in CT Came From SD... ]
The following is my comment to an LA
Times article regarding a Justice Department cover-up! As for your inquiry, all
I think about day and night is a long overdue resolution to the RICO litigation
as set forth therein:
I believe him!
I truly empathize with the
ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize
some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual
citizenship with Italy), and some familiar crimes (ie., drug money laundering,
etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the
following ATF Agents who were probably viewed as loose ends: Steve
Willis, Robert Williams, Todd McKeahan & Conway LeBleu: Died February 28, 1993 by
gunfire at Waco. All four were examined by a pathologist and died from
identical wounds to the left temple. All four had been body guards for Bill
Clinton, three while campaigning for President and when he was Governor of
Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]
Here’s some real, complicit cover-up / fraud on the part of the federal
government, et als:
October 15, 2010 (*see infra {ultimately
delivered by UPS})
Steven M. Martinez, Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3 copies of the within DVD rom autorun disk (which will
open in your computer’s browser) as per your office’s request as made this day
(the disk and contents have been scanned by Avast, McAfee, and Norton which
I’ve installed on my computer to prevent viral attacks / infection and are
without threat). I also include 1 copy of the DVD as filed with the subject
court as referenced therein (which files are also included on the aforesaid 3
disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as
you’re aware, the RICO Act is a criminal statute which provides a civil remedy,
including treble damages and attorney fees, as an incentive for private
prosecution of said claims probably owing to the fact that the USDOJ seems
somewhat overwhelmed and in need of such assistance given the seriousness and
prevalence of said violations of law which have a corrupting influence on the
process, and which corruption is pervasive). A grievance complaint against Coan
was also filed concurrently with the subject action and held in abeyance
pending resolution of the action which was illegally dismissed without any
supporting law and in contravention of the Order of The Honorable Robert N.
Chatigny, Chief Judge, USDC, District Connecticut. The files below the
horizontal rule are the referenced documents as filed. (Owing to the damage to
the financial interests of both the U.S. and the District of Congresswoman
Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False
Claims Act probably would apply and I would absent resolution seek to refer the
within to a firm with expertise in that area of the law with which I am not
familiar) .
The document in 5 pages under penalty of perjury I was asked to forward to
the FBI office in New Haven is probably the best and most concise summary of
the case RICO Summary to FBI Under Penalty of Perjury at Their Request (5
pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The correspondence I received from the Congresswoman by way of email
attachment (apparent but typical problem with my mail) along with my response
thereto is included on the 3 disks as
fbicorrespondencereyes.htm . With regard to
the calls to the FBI’s LA and New Haven, CT offices: There was one call to the
LA office and I was referred to the Long Beach, CA office where I personally
met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of
the money laundering which he confirmed as indicative of same (he was
transferred from said office within approximately a month of said meeting and
his location was not disclosed to me upon inquiry). The matter was assigned to
FBI Agent Ron Barndollar and we remained in touch for in excess of a decade
until he abruptly retired (our last conversation prior to his retirement
related to the case and parenthetically, Rudy Giuliani whose father I stated
had been an enforcer for the mob to which he registered disbelief and requested
I prove it, which I did – he served 12 years in prison, aggravated
assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew
Maloney’s the one that prosecuted gotti).
In contradistinction to the statement in said correspondence, there is a
plethora of information including evidence supporting the claims set forth in
the RICO VERIFIED COMPLAINT (see infra).
Such includes and as set forth in the case, inter alia,
A judgment
had been entered in my favor in the case, United States District Court
Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in
excess of $300,000 remains unaccounted for and which could be used for
payment to creditors, Los Angeles, etc.. Counsel
Robert Sullivan on my behalf documented by way of certification upon
investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon
which false statement he predicated a retaliatory and spurious contempt
proceeding against me causing substantial damage, and for which he sought
Judicial Notice of those and related proceedings as did I in some of my
filings. The Order
of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant
Coan’s failure to file anything whatsoever by the court’s deadline causing
creditors and me substantial damages: [ Shiff Order of
Dismissal With Prejudice on Coan’s Failure to
File Page
1
Page 2
] Defendant
Coan had filed an action against me to prevent me from suing him which
necessitated me to fly to Connecticut for a hearing before The Honorable
Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied
Coan’s requested relief as to Coan but precluded my action against Shiff
(although there is no immunity, judicial or otherwise, for criminal acts,
ie., fraud connected with a case under Title 11, USC, etc.) .
[ transcript in pertinent part -
crossexamofcoanbypeia.pdf ] Newly
appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned
the RICO case despite the conflict of interest in light of hundreds of
thousands of dollars of illegal (drug) money being laundered through the
Trump casinos by the RICO defendants, and despite my motion to recuse her
which motion she heard herself and denied, and U.S. Trustee Hugh Leonard
with whom I met personally refused to join or file a separate motion to
recuse and not long thereafter left said office for private practice at
Cole, Shotz, et als on retainer with the RICO defendants as his primary
client.
Probative
and evidentiary documents, affidavits, exhibits, including those turned
over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to
Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the
U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was
U.S. Attorney, and went over said documents and their probative value with
him. Within approximately a month thereafter upon inquiry I was told that
Jonathon Lacey was no longer with the office, that the file/documents
could not be located, and that there was no further information available
concerning contacting him or his location. I thereupon delivered by hand,
copies of said documents to the office of then U.S. Attorney Alito,
addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one
mob case he had brought, bungled, lost (accidently on purpose?) since I
was suing some mob-connected under RICO and the court (I had known /
previously met outside of court the judge Ackerman through a client) was
absolute bedlam and a total joke since incompetent corrupt Alito brought
in all 20 mob defendants (rather than prosecute one or a few to flip them
first) who feigning illness had beds/cots in the courtroom along with
their moans during testimony and had the jury in stitches. As much as I
hate the mob, it truly was funny, if not so tragic.], Alito
is also corrupt (and maybe corrupt because he is inept). After a
reasonable (but still rather short) time I called to determine the status
and was told that Alito was no longer with the Office of the U.S.
Attorney, that he was (appointed) a federal judge, and that neither the
documents nor any file or record of same could be located. Alito did
parley the same / cover-up into quid pro quo direct lifetime appointment
to the Court of Appeals, 3 rd circuit,
despite the absence of judicial experience or successful tenure as U.S.
Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that
now sits on the purported highest court in the land. The real application
of the illegal rule ‘don’t ask, don’t tell’.
There is applicable
insurance / surety coverage and neither LA, nor creditors, nor I should
continue to have been damaged by this brazened corrupt and illegal scenario,
which should be resolved in accordance with the meaningful rules of law
apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5 th Street, #404
Los Angeles, CA
90013
(213) 219-****
(cell phone)
(213) 622-3745
(listed land line but there are unresolved problems with the line, computer
connection may be the reason but I hesitate to chance greater non-performance /
worsening by their ‘fix’ so cell phone best for contact).{recent change
323-786-6651 -magic jack}
----------
*The foregoing and as indicated therein was previously send 9-14-10 but
delivery confirmation was flawed as set forth below and my inquiries to the
u.s. postal service rebuffed (I believe tampered with inasmuch as your office
could not locate same). This cover letter (9-13-10) is on the 3 disks with
navigable hyperlinks to the subject files for ease of reference, including the
files in the RICO action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC
Secretary, who indicates once again that your office has not received the
aforesaid and which can reasonably be presumed to have been tampered with, and hence,
a violation of the federal statute concerning same. (Ultimately delivered by
UPS) ]
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s Blog / the grim economic reality
[ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1) UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
http://www.albertpeia.com
Sincerely and Regards,
Al Peia
Obama
spars with Boehner as deadline looms The president said in a prime-time
speech that, unless Congress agrees quickly to a long-term increase in the debt
ceiling, “we would risk sparking a deep economic crisis.” In response, the
House speaker said that “the solution to this crisis is not complicated,” but
that he would not give the president a “blank check.” (Washington Post) [ Well,
it’s that darn teleprompter. Yeah, Mr. Teleprompter really craves that prime
time face tame; you know, so close to the elections. ‘Grand
bargain’ talks fail as Boehner walks out House Speaker John Boehner’s
abandoning of talks with the White House throws into chaos efforts to raise the
legal limit on government borrowing with just 11 days before the U.S. Treasury
is due to run out of cash. (Washington Post) [ Geeh! And we were all just
getting excited / aroused having been told wobama’s got a Boehner … Not, they
say … but dem PIIGS got problems too. Europe’s
debt crisis threatens Italy (Washington Post) [ Yeah, dem’ darn
PIIGS. Reminds me of that joke (I won’t
repeat it here except the punch line): ‘That’s black bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which means
like Greecey PIIGS they’ll be back to the trough for more … slop … py. Obama,
Boehner push for ambitious debt plan Savings of $3 trillion over the next
decade would come from spending cuts and changes to entitlement programs, but
no immediate tax increases. (Washington Post) [ Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of the money owed to cover future liabilities in
entitlement programs the US is actually in worse financial shape than Greece
and other debt-laden European countries, Pimco’s Bill Gross told CNBC
Monday. Maierhofer: ‘ USA
INC. - INCOME STATEMENT If the United States was a corporation - USA Inc. - here's what the Income
Statement would look like:Total federal spending in 2010 amounted to $3.456
trillion. Total receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit
was $1.294 trillion.The 2011 federal budget is $3.7 trillion with a projected
deficit of$1.6 trillion. … USA INC. - BALANCE SHEET If you think the Income Statement looks bad, you may not want to look at
the Balance Sheet. Consensus estimates for unfunded obligations vary. Mary
Meeker pegs the shortfall at $31 trillion, PIMCO's Bill Gross estimates the
unreported debt to be $75 trillion, while other estimates exceed $100 trillion
(these amounts are insurmountable) …’ Moody's
puts U.S. ratings on review for downgrade Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Political
ends, but little more THE TAKE | By
the time they finished, it was clear why Republicans and Democrats are no
closer to a deal. (Washington Post) [ Political ends? How ‘bout pervasively
corrupt, defacto bankrupt america ends; at least as we knew it! That’s reality!
‘The Take’? Yeah, they’re all on the take!
‘Grand
bargain’ talks fail as Boehner walks out House Speaker John Boehner’s
abandoning of talks with the White House throws into chaos efforts to raise the
legal limit on government borrowing with just 11 days before the U.S. Treasury
is due to run out of cash. (Washington Post) [ Geeh! And we were all just
getting excited / aroused having been told wobama’s got a Boehner … Not, they
say … but dem PIIGS got problems too. Europe’s
debt crisis threatens Italy (Washington Post) [ Yeah, dem’ darn
PIIGS. Reminds me of that joke (I won’t
repeat it here except the punch line): ‘That’s black bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop …
py. Obama,
Boehner push for ambitious debt plan Savings of $3 trillion over the next
decade would come from spending cuts and changes to entitlement programs, but
no immediate tax increases. (Washington Post) [ Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of the money owed to cover future liabilities in
entitlement programs the US is actually in worse financial shape than Greece
and other debt-laden European countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘ USA
INC. - INCOME STATEMENT If the United States was a corporation - USA Inc. - here's what the Income
Statement would look like:Total federal spending in 2010 amounted to $3.456
trillion. Total receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit was
$1.294 trillion.The 2011 federal budget is $3.7 trillion with a projected
deficit of$1.6 trillion. … USA INC. - BALANCE SHEET If you think the Income Statement looks bad, you may not want to look at
the Balance Sheet. Consensus estimates for unfunded obligations vary. Mary
Meeker pegs the shortfall at $31 trillion, PIMCO's Bill Gross estimates the
unreported debt to be $75 trillion, while other estimates exceed $100 trillion
(these amounts are insurmountable) …’ Moody's
puts U.S. ratings on review for downgrade Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). A
corporate quandary: Who to bribe? U.S. companies doing deals abroad have a
problem: One guy’s bribe is another’s cost of doing business. (Washington Post) [ Deals abroad? Come on! Wake up! One way or
another, domestic or foreign, in one form or another, bribes are being paid as
standard operating procedure, modus operandi, in, to, and by pervasively
corrupt, defacto bankrupt america and assigns. That’s just the way it is,
however unfortunate; and, in circumstances when you’d least expect it. . Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Fed
audit highlights possible conflicts Report finds that lending programs
generally have sound management, but also face difficult issues.(Washington
Post) [ Possible? Oh come now! If there’s one man, entity, Washington interest,
etc., that’s been and is concerned with conflicts it’s
‘no-recession-helicopter-ben-b.s.-bernake’ et als and anything that conflicts
with the huge wall street money / paper frauds that continue as we speak of
them. Come on! Does anybody buy any of the b***s*** from him or his ilk.
‘Conflicts are US’ is the prevailing entity / pressure group / reality in
Washington these days and with all the negative, diabolical consequences
therefrom, economically, financially, and otherwise. Geithner
says hard times to continue for many
] A
Decade of Decline in Equity Markets Faisal Humayun [
This is a must read and explains how the market’s been artificially propped,
the dow relative to hard assets, ie., gold (dow/gold ratio), has actually
crashed 78%, and comparable prospects for the next decade, etc.. ‘…The Dow
Jones Index was trading at 11,357 levels at the beginning of the year 2000.
More than a decade later (as of beginning July 2011), the index is at 12582.
Therefore, the index has gained 11% in the last ten years…’ Yet, the
inflationary dollar (declining) debasement rate was 31%. (-31%) {See the
inflation calculator immediately above the current date on this page – and
that’s just the government (inflation) numbers … reality is much worse!}
Meanwhile, the frauds on wall street are churnin’ and earnin’ like never before
at lightning computerized speeds enabling the high-frequency trades that are
commissioned in unprecedented large volumes; a big net negative in real
economic terms.] Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I
wrote the book Prelude To Meltdown , predicting the
global crisis that occurred the following year. I now see a similar
confluence of events that warns of phase II of the global crisis.
Once again I see all the “canaries in the mine,” which
warned of the 2008 crisis. My just released book, Financial Apocalypse , provides the clues and the road map, with charts, of how
my indicators successfully predicted the meltdown that occurred in the
fall of 2008. This book is a guide for detecting the next crisis whenever it
occurs. History repeats, or at minimum, it rhymes.
My work shows that “the new recession has started.” The
May 9 issue of the Wellington Letter was headlined:
“Return of the Double-Dip.” At the time, economists were looking for a
great economy in the second half. Now they talk about a “soft patch.”
Over the past 33 years, we have called the start of every recession, often on
the exact month, or within one month, of the official start as determined one
year later by the official arbiter of recession, the National Bureau of
Economic Research (NBER).
How can we be in recession now when the GDP still shows
growth? Because of improper inflation adjustments. “Real” GDP growth, the
headline number, is nominal growth minus the rate of inflation. However,
inflation is far understated for political reasons.
Currently, the GDP deflator is 1.8%, which hardly
reflects the true rise in prices. Therefore, what is counted as “growth,” is
actually price increases. Actual inflation, according to free market economists
who calculate inflation as it was done in 1980 before the politician
re-engineered it, is now more than 11%. Using that to adjust GDP for inflation,
would show that the economy is now in a very sharp contraction.
When the current euphoric earnings forecasts of Wall
Street finally reflect that via significant “earnings downgrades,” the stock
market will see a serious “adjustment” as well.
On July 18, Goldman Sachs ( GS ) substantially
lowered its economic growth forecast. Marketwatch.com had this headline: Goldman Sachs slashes Economic Forecasts . The next step
will be for them to substantially reduce earnings forecasts for the S&P
500. Will the phase II be as bad as the 2008 crisis? The last crisis was
confined to the private sector, i.e. financial institutions. The next one will
be involve the threatened default of entire countries. The last time, the
central banks bailed out the financial firms and even Warren Buffett bailed out
several firms. Who is big enough to bail out entire countries? Or will the term
of “too big to fail” turn to “too big to bail?”
Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon Back on December 12, 2007 I wrote a market
commentary that started as follows:
The equity markets have
been very volatile this year, but also range bound. A picture speaks a
thousand words so all one needs to do is view the chart below of the S&P
500 Index to understand just how volatile and range bound things have
been. Specifically, since February 20, 2007, only nine and one half
months or so ago, the S&P 500 Index has been down 5.86%, up 13.02%,
down 9.43%, up 11.26%, down 10.09%, and now up 7.73% –
through 12/10/07 – so far in this latest up leg! All this in
ONLY nine and one half months!
http://blogs-images.forbes.com/advisor/files/2011/07/market-commentary-1.jpg
History is repeating itself so far in 2011, which has
been fraught with ups and downs in both international and domestic equity
markets. This is due to many things, including the considerable economic
doubts and various countries debt situations. This uncertainty has translated
into market performance with direct impacts on portfolio returns and more
prominently in portfolio volatility. This volatility is best seen in the chart
below of the S&P 500 Index beginning 1/1/11.
http://blogs-images.forbes.com/advisor/files/2011/07/market-commentary-2.jpg
2010 ended positivity and the momentum carried into the
first two months of 2011 however the end of February began a series of events
that led market returns on a whipsaw ride of ups and downs, resulting in the
current universal mid-year views of market uncertainty.
What news was associated with this volatility? All the
usual; crude oil prices, natural disasters, corporate earnings, politics,
economic forecast revisions for both developed and emerging markets, the
European debt situation, the United States debt situation and more to name just
a few.
One thing is for certain; the current volatile, range
bound market activity is difficult at best to profit from. In this
investing environment patience is the most important attribute. I will be
patient and will be careful until the trends are preferable.
Our strategy at Hanlon Investment Management is to
attempt to minimize downside risk by exiting risk asset classes, such as
equities, during periods of uncertainty, getting invested in more conservative
asset classes, such as money markets and short-term bonds, and re-entering into
risky asset classes when we identify them as attractive, when the trend is our
friend and positive!
Having identified this volatility, in June we made
defensive, tactical investment decisions that provide less exposure to these
volatile, range bound markets and prepare us to re-enter the markets when they
possess improved risk characteristics.’
Though having but 5% of the world’s
population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
A
center vs. right debt fight Obama talks to the middle while Boehner
rallies the right. (Washington Post) [ Oh come on! There’s no justifying woboma
here as some principled, reasonable partisan moving gently to the middle for
the sake of the deal. Rather, he’s the desperate, failed ‘pol’ who’s hearing
footsteps in 2012; who’s told one lie too many ; who’s made the wrong choice
one time too many. People are tired of his b*** s*** and excuses. He’s failed
miserably and yet had the easiest act in the world to follow in the persona of
fellow failed president war criminal dumbya bush whose failed policies up to
the real start of the election cycle he’s largely followed. He’s become the
personification of that age-old joke; viz., (punchline) ‘looks like s***,
smells like s***, tastes like s*** … ‘good thing we didn’t step in it!’ Well,
guess what? With ‘wobama the b’ (for b***s***), we ‘stepped in it’. He’s all
that … bad! Milbank:
Dealing with the Default Caucus (Washington Post) [ I just love ‘wobama the b’ (for b***s***)
apologist in chief, Mr. Milbank. He’s so egalitarian; surprising all by his
colloquial reference to whom one might otherwise consider to be his political
polar opposite, and even political nemesis in the persona of Ronald Reagan, so
tritely referred to by Mr. Milbank as ‘The Gipper’ in whom Mr. Milbank posits
the inspiration, ‘heart and soul’, of ‘the new democratic party’. What total
b***s***! How about everyone, including Mr. Milbank, realizing the dire
predicament facing the nation owing to a now familiar political strategy of
‘kicking the can’ down the road a piece till the problem (insolvency of the
nation) has as now become insurmountable and hence, unsolvable. That’s where
we’re at now! . Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of the money owed to cover future liabilities in
entitlement programs the US is actually in worse financial shape than Greece
and other debt-laden European countries, Pimco’s Bill Gross told CNBC
Monday. Maierhofer: ‘ USA
INC. - INCOME STATEMENT If the United States was a corporation - USA Inc. - here's what the Income
Statement would look like:Total federal spending in 2010 amounted to $3.456
trillion. Total receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit
was $1.294 trillion.The 2011 federal budget is $3.7 trillion with a projected
deficit of$1.6 trillion. … USA INC. - BALANCE SHEET If you think the Income Statement looks bad, you may not want to look at
the Balance Sheet. Consensus estimates for unfunded obligations vary. Mary
Meeker pegs the shortfall at $31 trillion, PIMCO's Bill Gross estimates the
unreported debt to be $75 trillion, while other estimates exceed $100 trillion
(these amounts are insurmountable) …’ IT'S
GOING TO HURT 'FOR LONG TIME TO COME' ‘God
bless us everyone’! … As if we didn’t
already know it / feel it! Dave's
Daily 'If you can
keep interest rates this low this long, its inevitable cheap financing can
allow companies to start cobbling each other up. Further Ben's policies allow
companies like IBM to sell bonds at 1% and buy back shares with the proceeds
(total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell
Is
America The Next Greece? at Forbes Marc Schindler ‘After many
years of overeating (overspending) Greece is in the emergency room with a major
financial heart attack and America isn’t far behind.The doctors (IMF, European
finance ministers, the ECB, etc.) are running around trying to save it. Open
heart surgery (loans guaranteed by others) has averted the immediate crisis,
but Greece is just as overweight today as it was before the crisis. Attempts to
lose weight through exercise (austerity measures) cause serious chest pains
(riots). The doctors don’t want to admit it, but all signs point to a heart
transplant (default) as the only way to get Greece onto its feet again.Greece
isn’t the only one. It is a veritable epidemic. Ireland, Italy, Portugal, Spain
and a host of other countries are having chest pains. Iceland is feeling better
now with its freshly transplanted heart. The American home owner is still in
the hospital from his financial heart attack after gobbling up vast quantities
of real estate, and it has been many decades since Uncle Sam last could see his
toes. By most accounts (e.g. here or Bill Gross ‘ statements in
a recent interview) total hidden government liabilities add up to about
$60-$100 trillion. That is on top of the $14 trillion of debt carried on the
balance sheet. Adding up those liabilities, the US owes at least five times
GDP, which currently sits at about $15 trillion. For comparison, Greece’s debt
is about 1.5 times its GDP…’ Pity the Policymakers July 21st, 2011 by News
by Mohamed A. El-Erian (Project Syndicate) — ‘I don’t know about you,
but whenever I am in an airplane experiencing turbulence, I draw comfort from
the belief that the pilots sitting behind the cockpit’s closed door know what
to do. I would feel very differently if, through an open door, I observed
pilots who were frustrated at the poor responsiveness of the plane’s controls,
arguing about their next step, and getting no help whatsoever from the
operator’s manuals. So it is unsettling that policymakers in many Western
economies today resemble the second group of pilots. This perception reflects
not only the contradictory pronouncements and behavior of policymakers, but
also the extent to which economic outcomes have consistently fallen short of
their expectations.This perception is evident in Europe, the United States, and
Japan, where indicators of economic sentiment are deteriorating again,
already-weak recoveries are stalling, and over-stretched balance sheets are
becoming even more precarious.’
Top 3 Reasons Markets Were Down As Lawmakers Freeze Debt Talks
STOCKS
FORGET TO CRASH AS US GETS ONE DAY CLOSER TO DOOM: Here's What You Need To Know Business
Insider Joe Weisenthal, On Monday July
25, 2011 ‘The market may
crash at some point before the debt ceiling fight is over. But, contra all the
hype, today was not to be that day.
But first, the scoreboard:
Dow: -84.80
And now, the top stories:
As noted
above, today was really hyped up all weekend after John Boehner said that he hoped to have a plan
by the time Japan opened up. It evoked weekends circa 2008, when
it was a big deal to have some kind of new bailout before the Japan open .
Well, they
never got a deal over the weekend, and Japan didn't seem to care . Neither
did the US all that much, and in fact it was very quiet. Futures did
initially fall over 1%, and gold did spike, but really, it was a pretty
business-as-usual day in markets.
Perhaps
the bigger story was actually in Europe, where all the old contagion
trades are back. Italy was really surprisingly ugly again , as the
Greece bailout agreed to last week has failed to create a firewall.
There was
no big corporate news. Netflix earnings are after the ball, so
that should get some interest.
On the
debt ceiling front, Harry Reid came out with his plan that excludes tax
hikes, but mainly finds savings via war. For the full rundown of
what happened today debt-ceiling wise, see here .
Geithner
gave Fed official waiver on AIG holdings Reuters | Geithner
waiver allowed William Dudley to hold investments in firms getting emergency
help.
Stocks
Lag Amid Debt Talk Worries; Gold Soars CNBC.com | Stocks pared
some of their losses Monday, but remained under pressure.
The
Federal Reserve Made $16 Trillion In Secret Loans To Their Bankster Friends The American
Dream | These loans only went to the “too big to fail” banks
and to foreign financial institutions.
Greek
default almost certain, warns Moody’s Bloomberg | Greece’s
long-term foreign currency debt was downgraded to Ca, its second-lowest rating.
25
Reasons To Absolutely Despise Bankers And Their Minions Video Rebel’s
Blog | ‘There is no reason for a national debt. July 25, 2011
#1) Bankers, according to the London Times, launder about
400 billion dollars a year or more in illegal weapons sales. The next time you
hear of an African war lord killing families so he can kidnap young boys to
become child soldiers and young girls to become child sex slaves, please
remember that this could not have happened without the active assistance and
cooperation of the bankers and the politicians they own.
#2) Bankers told American businessmen that entering World
War I would make the Great War last longer which would be good for the United
States because it would bankrupt England, France and Germany. Calvin Coolidge
on Veterans Day in 1928 said America had lost only 30,000 soldiers during the
war but another 100,000 since the war ended. Those men had died of their wounds
after the Armistice was signed. Everyone who died after 1915 in WW I died for
bankers and Israel.
#3) Bankers have been laundering drug money at least since
the Opium wars. Currently bankers launder a trillion dollars a year in drug
money. That these illegal drugs are killing millions of people and destroying
cities one family and one neighborhood at a time is of no concern to them.
#4) Gordon Duff of Veterans Today tells us that the
Global Hawk which is a pilotless drone version of the U2 Spy plane is
frequently used to carry 3,000 pound payloads of opium paste out of Baluchistan
Pakistan. This lucrative opium trade is one reason why Afghanistan in America’s
longest war. America has killed millions of innocent civilians for nothing.
America will one day have to pay that debt.
#5) On 9-10-2001 Donald Rumsfeld told us that he could
not trace 2.3 trillion dollars in Pentagon spending. On 9-11-2001 four planes
were electronically hijacked which together with pre-planted explosives killed
3,000 Americans that day and many more since in needless wars. 189 people died
at the Pentagon. Most of these were auditors trying to find the missing
trillions the bankers and their friends stole. American taxpayers are treated
as indentured servants by the bankers. We are not allowed to audit the books
and demand the return of the stolen money. Trillions more have gone missing
since Rumsfeld promised on 911 to do a better job tracking down that money.
#6) On March 22nd 2000 Susan Gaffney, the Housing and
Urban Development Inspector General, testified before the House Governmental
Affairs Committee detailing the 59.6 billion dollars that went missing from HUD
during the previous two years. When asked if she did anything to recover the
missing money she said No. If we were equal to a banker, we would have demanded
audits. Years earlier Catherine Austin Fitts was at HUD under Bush I. She found
one block in San Diego that had 20 million dollars in HUD guaranteed loans for
buildings that never ever existed. All of these loans defaulted and were paid
for by taxpayers who do not have the right to audit the books.
#7) Max Keiser and Stacy Herbert are both American
financial experts who now report on gross banking fraud from their base in
Paris. They have made several trips to Dubai and have told us what multiple
bankers told them. American contractors returning home from Iraq and
Afghanistan have deposited suitcases full of money in Dubai banks. If we did
not have a government owned and operated by the bankers, would any of this be
possible?
#8 ) Bankers financed the Soviet Revolution which allowed
their Communist minions to kill over 60,000,000 real human beings. They
deliberately starved 10,000,000 to death in the Ukraine.
#9) The UN estimates that worldwide the slave trade
traffics 250,000 mostly women and children a year. Many young children are
killed for snuff films by Russian Jewish mobs. None of this could happen
without the active participation and cooperation of bankers and the governments
they own in the United States, England, Israel, Belgium, France, Portugal and
elsewhere around the globe.
#10) Several years ago documents revealed that the
African slave trade was financed through front men like Aaron Lopez . The
African slave trade resulted in the deaths of millions of human beings en route
to North and South America. No estimate has been made of the numbers killed by
the wars over 3 and one half centuries engendered by the desire to capture
their fellow Africans to be sold to the bankers and their minions. The slave
trade would not have been possible without the active participation and
cooperation of the bankers and their governments. Did I neglect to mention the
other end of the African slave trade? Every school book cites the trade of rum
made in Newport Rhode Island by the 21 Jewish distillers for the slaves of
Africa. What they do leave out is the fact that those distillers also sold rum
to Indians who routinely massacred white settlers while in drunken rages. Then
the settlers would take revenge so all sides except for the distillers and the
bankers lost in this trade.
#11) Asia Times told us that the big international banks
launder 500 billion dollars a year in bribes for politicians. This does not
include campaign contributions and cash payments. Remember the congressman in
2008 who said he had two types of calls from his constituents about the
proposed Banker Bailout. He said some said No and the rest said Hell No. Yet
the Bailout was passed by both Houses and approved by both Presidential
candidates. Now you know why the Congress, the news media and the President do
not listen to you and do not care what happens to you and your friends and your
family.
#12) Bernie Sanders revealed the Federal Reserve Bank
created 16 trillion dollars in loans over the past couple of years. Many of
these loans went overseas. But many of these sweetheart loans made at negative
real interest rates (i.e. below the rate of inflation) were made to news
organizations like NBC-MSNBC-Comcast. This company is owned by a defense
contractor and two Zionist business partners. MSNBC, which is supposedly the
most liberal news source in America, has been firing and disciplining liberal
anti-war newscasters and hosts. This would be surprising to the casual observer
if he or she was not aware of the loans made by the privately owned Federal
Reserve bank.
#13) Back to that 16 trillion dollar money bomb dropped
on the people of the world by the Federal Reserve. Bankers were bundling up
home mortgages into bonds and used MERS (Mortgage Electronic Registration
System) to register their deeds. The bankers allowed their minions to sell one
home mortgage into five different bonds in effect selling five different people
a legal claim to your house. These bonds were worthless. The ratings agencies
Standard and Poor, Fitch and Moodys gave these bonds triple A ratings in
exchange for hefty fees. The banks did not do due diligence before selling them
to banks overseas. They knew the loans were bad because they bought insurance
(Credit Default Swaps) to cash in on the inevitable losses. More than 6
trillion dollars was paid by the FED to overseas banks. Why? Because they
wanted to keep New York bankers out of jail. You see those bonds had to go into
default and the bankers knew that. A bondholder whose underlying mortgage went
bad would not ask for the return of his money. But if the mortgages were good,
five different companies would come to collect from one homeowner and the courts
might actually have to send bankers to jail. All the inflation you will see
over the next few years will be due to the active participation of the Federal
Reserve in financial fraud. Obviously those bankers in New York owe Zero Mostel
and the writers of the movie script for the Producers a sizable bonus.
#14) Do you remember the Presidential election of 2000? I
knew Bush would become President years before. But I remember telling my
friends that it was obvious to me that the Federal Reserve Board was spiking
the election in Bush’s favor so we could go to war. My reasoning was thus: the
FED was raising interest rates and tightening credit so the stock market would
go down before election day. If the market declines in an election year, the
incumbents lose seats in both Houses of Congress and a couple million votes in
the Presidential race. Alan Greenspan made George W Bush President of the
United States allowing Bush to invade Iraq and Afghanistan for Israel. Can I
prove Greenspan knew in advance 911 would happen? One of the Rockefellers told
Aaron Russo 911 was coming years in advance. What Greenspan knew about 911 and
when he knew it, we will not know until we have war crimes trials.
#15) Let’s revisit the North American Free Trade Act
(NAFTA) of 1994. Since that date, America has lost 50,000 manufacturing plants.
America has a little over 3,000 counties with an average population of 100,000.
If you divide 4,000 into 50,000, you get an average loss of 13 to 14
manufacturing plants closing and going overseas per county. This has destroyed
local tax bases, government revenues and jobs resulting in millions of
unemployed and millions of foreclosed homes. Instead of testifying before the
Congress and telling the nation what would happen Greenspan covered it up by
printing lots of money. There was no price inflation, because traditionally a
manufacturing based economy has to bid workers and raw materials away from
competitors. Not so since NAFTA. We had no manufacturing base left to create
price inflation. All the monetary inflation went into the stock market.
Greenspan crashed the stock markets to end the dot com bubble and elect the
warmonger Bush. After the dot com bubble went pop, Greenspan ignited the
Housing Bubble. Why do we have a Bubble economy? The Bankers and their minions
sent all the jobs overseas so the only way to make money in America today is
through the Subsidized Bubble Machine known as the Federal Reserve and the
Federal government. Citizens are required to buy insurance under penalty of
law. But the insurance companies who wrote the Obamacare bill are not required
to treat you when you get sick. This is a subsidized medical system which when
the Bubble pops will send wages down, down down for nurses, doctors,
pharmacists, EMTs and others in the health care field. Local schools and police
were in the subsidized Bubble economy but the implosion of the tax base is
forcing layoffs in many cities and states. Providence Rhode Island gave pink
slips to every teacher. Ashtabula county Ohio (population 102,000) laid off all
of the Sheriff deputies save those working in foreclosures for the courts. This
means they have one deputy per shift for the entire county. A local judge told
the residents to buy a gun. We have reached the point where the only Bubbles left
are war and other subsidized government endeavors. The next sucking sound you
hear will be civil service and healthcare jobs evaporating. This will send the
unemployment rate above 30% from its current 22%. By definition and by law,
Bubbles cannot give the illusion of productive employment and real wealth
without the participation and cooperation of the bankers and the politicians
they own.
#17) Martin
Luther King was killed on April 4th, 1968. He was killed on the first
anniversary of his famous anti-war speech at Riverside church in New York City.
King planned to have a Summer of Ant- War protest in Washington D.C. He was going
to use passive resistance and civil disobedience to stop the Vietnam War. The
Bankers, the Zionists and the Imperialists could not allow King to win so they
killed him. The message to the American people was that you are peasants, we
are the feudal lords and you cannot refuse to die in our wars. You do not have
the right to say No. Robert Fitzgerald Kennedy and his nephew JFK Jr. were also
killed by the same people though for different reasons.
#18) Dr Alan
Sabrosky is a former Director of Studies at the US Army War College. Dr Steve
Pieczenik was deputy Secretary of State for three Presidents. They are both of
Jewish descent. They both say 911 was an inside job and that Israel did it with
the help of traitors inside the US government. Sabrosky has been telling his
former colleagues at the Army War College that Israel did 911. Do you for one
minute believe that Israel could have done 911 and gotten away with it without
the active participation and cooperation of Jewish Americans on Wall Street and
in the government and news media?
#19) When you
go into a bank for a $10,000 loan, the bank is not lending you Mrs Jonses’ life
savings. What the bank is doing is creating a $10,000 deposit in your checking
account. There a few points of interest in this transaction. The banker only
created enough money for you to pay the principal and not the interest on the
loan. The interest on the debt can only be paid if the banker loans more money
out and increases the total money supply so there is money to make the payments.
This is called monetary inflation and usually leads to price inflation. Another
point of interest is that the banker gets all of the benefit of making the loan
and you, even if you are not part of this transaction, pay for it. How so, you
ask? Because your purchasing power was diminished every time the banker made a
loan. Years ago I remember reading a study of the loss of savings due to banker
induced inflation. It was twice as great as the value of all Social Security
payments received by the elderly. Bot a good deal for anyone involved except
bankers who now want to cancel Social Security benefits but not the taxes you
pay in so we can afford to continue to pay the Banker Bailouts.
#20) The
federal government under Presidents Kennedy and Lincoln issued non-interest
bearing currencies. They saw no reason why the Treasury should not just issue a
currency. They did not want to allow the bankers to create money (i.e. Federal
Reserve Notes) they would trade for Treasury bonds which would require the taxpayers
to pay interest on ever increasing national debts. Eventually, we would create
what I have called a Debt Bomb of Unpayable Debts. The burden of those interest
payments becomes unbearable and we all go in to bankruptcy at which point the
bankers buy everything from us for pennies on the dollar in foreclosure sales
with money they stole from us. Then we and our descendants are permanently
reduced to the status of a landless serf. There is no reason for a national
debt other than to transfer wealth from us to the bankers.
#21) Since
there is no reason for a national debt, there is no reason for Austerity Cuts
so wages and benefits to be matched by taxes on the working and middle classes.
The only reason for the European banks to bailout Greece is so that the banks
can keep the Ponzi scheme going long enough to trade their Greek debts for euro
bonds which they can sell and use to buy gold, silver and oil. All of our
sacrifices are for nothing and only increase their ill gotten gain.
#22) Harry
Markopolos took in more than 300 pages of documented evidence to the SEC to
prove to them that Bernie Madoff was stealing tens of billions of dollars from
his mostly Jewish clients. The case was not hard to prove. Catherine Austin
Fitts said the SEC had to do was to match Madoff’s bank transactions up with
his brokerage accounts. So if he was moving lots of money around in his bank
accounts but not buying stocks, then he was an obvious fraud who needed to be
arrested in time for the Evening News. This is not the end of the story.
Markopolos told us that a much greater fraud was waiting in the wings called
Credit Default Swaps (CDS) which he valued at a potential loss of 600 trillion
dollars. This is ten times the total output of the world’s goods and services.
Yet to date neither the House nor the Senate nor the Obama nor Bush Departments
of Justice and SEC have seen fit to ask Mr Markopolos to come and give
evidence. Why? Because all politicians are frightened little cowards.
#23) CDS were
invented by a Jewish girl from England named Blythe Masters. She is the VP for
Global Commodities at JP Morgan. Her boss is Jamie Dimon who is also Jewish. In
1999 Brooksley Born was Chairwoman of the CFTC and attempted to regulate CDS
which are a hybrid between insurance and a derivative which is a bet on the
future value of a bond or a commodity. Four Jewish men (Robert Rubin, Larry
Summers, Alan Greenspan and Arthur Levitt) told her that she was not allowed to
regulate CDS. That would spoil their fun. If you remember, I previously mentioned
that the purchase of a CDS enabled the banks to sell bonds they knew to be
worthless. It is illegal to do this. The purchase of a CDS gave the ratings
agencies cover to give AAA ratings to zero value, fraudulently induced, no
recourse bonds. Now remember the bailout of AIG. The banks knew AIG could not
cover the losses they knowingly passed on when they bought CDS, because they
both created the moral hazard of less than junk grade bonds and insured against
it. They then went to their kept whores in the Congress and had them pass
legislation that Bush, Obama and McCain approved of to cover AIG’s losses. It
must be so much fun to be a banker, to steal a nation’s wealth, to start wars,
to kill millions of people around the world and to make up assassination lists
of honest politicians.
#24) Jim Willie
has a PhD in Statistics. He is so despised by the bankers that he, Bob Chapman
and a few others can no longer safely live in the United States. He told Max
Keiser that in the 1990s the US Treasury Department sold 2.2 trillion dollars
more in Treasury bonds than were needed to fund the federal deficit. Remember
that this was a deficit already swollen by missing trillions from HUD, Defense
and other agencies. Did I tell you that Indira Singh who worked as a high level
computer consultant for the Big Three New York banks until 911 said the bankers
were even stealing from Social Security. They would enter say a million
non-existent recipients into the computers, give them monthly checks. Those
frauds were not part of the 2.2 trillion the bankers put directly into their
pockets from the sale of bonds. Nor does it count those gold bars at Fort Knox
which were sold and replaced with gold plated tungsten. Nor does it include the
gold bars the bankers leased from the government and sols as if the gold were
theirs.
#25) Do you
remember the newscasters during the recent Egyptian uprising saying that they
lived on two dollars day in Egypt? The reason for their poverty was that the
bankers used the IMF and World Bank to stop the Egyptians from developing
agriculture so they could raise their standard of living and they could say No
to bankers. The banks have forced Africans to accept Genetically Modified
Organisms knowing that they emit pesticides into your blood and also increase
your risk of cancer and sterility. They also force poor nations like Bolivia to
privatize their water resources. When the bankers did this in Africa, people
died of cholera. The bankers grind every last dollar out of the poor before
they kill them. They are taking all those trillions of dollars from the
Bailouts and buying commodities and sending the price of food and energy
higher. In fact prices in a year will be so high that people who used to have
jobs will no longer have enough to pay their bills and buy food. Those already
poor will simply just fie from starvation, or in riots and revolutions. Maybe
the bankers will be kind to the poor and release a plague that will kill a
billion or two billion people.
Finally, I must
tell you why I despise bankers. It might be one of the reasons why all decent
and intelligent people everywhere should hate them. They serve no useful
purpose. They have no redeeming qualities. They steal our money. They lie to
us. They impoverish nations They ridicule our traditions and our way of life.
They casually destroy countries. They destroyed my country America. America was
on the road to ruin before I was born. The bankers are not real human beings.
No real man or woman would look for honest, intelligent men and women who are
well respected and then run to a phone to have them put on a Death List. When
the dollar collapses, the bankers will go down their lists of honest and
intelligent and courageous men and women killing them until we say No More.
Have I
convinced you that bankers are pond scum? As the gladiators used to say in the
Roman Coliseum, we are who about to die salute you. Get your affairs in order.
If there is anything you wanted to do, do it now. My earlier prediction that
Benyamin Netanyahu’s plan to launch World War III in September by attacking
Iran in order to prevent a UN vote on Palestinian statehood might be wrong. But
my intuition still says No war now. Of course I am sticking by my earlier
prediction that silver will skyrocket in price soon. I was writing a series of
articles entitled Go Beyond Left and Right to an Anti-Banker Party. I was
diverted though this essay should have been entitled Part III. I have decided
to call the next entry Part IV.’
National / World
Super Congress Will KILL Real Congress TheAlexJonesChannel | A Super-Congress set up to bypass elected
representatives.
Norway Killings Prompt Crackdown On Brits Opposed to
Immigration Kurt Nimmo | New enemies are white people opposed to wide open
immigration policies and refusal of government to enforce national borders and
stop illegal immigration.
Norway Killer Warns Of “Two More Cells” Preparing Attacks
Steve Watson | After initially stating that he acted alone in
carrying out Friday’s massacre, Anders Behring Breivik has now suggested in
court that two other “cells” of extremists collaborated with him.
Police Knew Gunman’s Name Before Arrest Paul Joseph Watson | British news anchor questions how authorities were aware of Breivik’s
identity in advance
Sustainability In All Things Except Rational Thinking Sartre | The current political system is out of control and does not serve or
benefit the interests of our citizens.
Libya
says NATO killed 7 At Hospital, bombed food stocks AFP | Gaddafi’s
regime accused NATO of killing at least seven people in a raid on a medical
clinic and destroying stocks of food on Monday in the western Libyan town of
Zliten.
No
permanent U.S. bases in Afghanistan: U.S. ambassador Reuters | Washington is
negotiating with the Afghan government on a deal to define the long-term
American role in Afghanistan beyond the end of 2014.
Obama: Doing Things On My Own Is Very Tempting CNN | “The idea of doing things on my own is very tempting, I promise you,
not just on immigration reform.”
Police Knew Gunman’s Name Before Arrest Paul Joseph Watson | British news anchor questions how authorities were aware of Breivik’s
identity in advance.
Norwegian ‘MI5′ Had Massacre Suspect On List Sky News | The man accused of killing at least 76 people in a shooting massacre and
car bombing in Norway had been on an intelligence watch list since March,
according to reports.
Norway Killings Prompt Crackdown On Brits Opposed to
Immigration Kurt Nimmo | New enemies are white people opposed to wide open
immigration policies and refusal of government to enforce national borders and
stop illegal immigration.
Norway Killer Warns Of “Two More Cells” Preparing Attacks
Steve Watson | After initially stating that he acted alone in
carrying out Friday’s massacre, Anders Behring Breivik has now suggested in
court that two other “cells” of extremists collaborated with him.
Norway Shooting Suspect Anders Breivik: Attacks Were
‘Price of Their Treason’ ABC News | The man
suspected of killing more than 70 people in a separate bombing and shooting
spree in Norway Friday said he attacked the country’s liberal party because,
the “price of their treason is what they had to pay.”
‘Neo-Nazi, masonic-lodge mindset – Norway’s new brand of
terror’ RT | The bomb in Oslo targeted buildings connected to
Norway’s governing Labour Party, and the youth camp on Utoya island was also
run by it.
U.S. money ended up in Taliban hands: report AFP | US government funds earmarked ostensibly to promote business in
Afghanistan have landed in Taliban hands.
Anders Behring Breivik: Manufacturing a Patsy? Paul Joseph Watson | Trusting media portrayal of gunman foolish given how press got it
spectacularly wrong in blaming Muslims.
‘Grand
bargain’ talks fail as Boehner walks out House Speaker John Boehner’s
abandoning of talks with the White House throws into chaos efforts to raise the
legal limit on government borrowing with just 11 days before the U.S. Treasury
is due to run out of cash. (Washington Post) [ Geeh! And we were all just
getting excited / aroused having been told wobama’s got a Boehner … Not, they
say … but dem PIIGS got problems too. Europe’s
debt crisis threatens Italy (Washington Post) [ Yeah, dem’ darn
PIIGS. Reminds me of that joke (I won’t
repeat it here except the punch line): ‘That’s black bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop …
py. Obama,
Boehner push for ambitious debt plan Savings of $3 trillion over the next
decade would come from spending cuts and changes to entitlement programs, but
no immediate tax increases. (Washington Post) [ Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of the money owed to cover future liabilities in
entitlement programs the US is actually in worse financial shape than Greece
and other debt-laden European countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘ USA
INC. - INCOME STATEMENT If the United States was a corporation - USA Inc. - here's what the Income
Statement would look like:Total federal spending in 2010 amounted to $3.456
trillion. Total receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit
was $1.294 trillion.The 2011 federal budget is $3.7 trillion with a projected
deficit of$1.6 trillion. … USA INC. - BALANCE SHEET If you think the Income Statement looks bad, you may not want to look at
the Balance Sheet. Consensus estimates for unfunded obligations vary. Mary
Meeker pegs the shortfall at $31 trillion, PIMCO's Bill Gross estimates the
unreported debt to be $75 trillion, while other estimates exceed $100 trillion
(these amounts are insurmountable) …’ Moody's
puts U.S. ratings on review for downgrade Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects usually
funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.).
A
corporate quandary: Who to bribe? U.S. companies doing deals abroad have
a problem: One guy’s bribe is another’s cost of doing business. (Washington Post) [ Deals abroad? Come on! Wake up! One way or
another, domestic or foreign, in one form or another, bribes are being paid as
standard operating procedure, modus operandi, in, to, and by pervasively
corrupt, defacto bankrupt america and assigns. That’s just the way it is,
however unfortunate; and, in circumstances when you’d least expect it. . Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Fed
audit highlights possible conflicts Report finds that lending programs
generally have sound management, but also face difficult issues.(Washington
Post) [ Possible? Oh come now! If there’s one man, entity, Washington interest,
etc., that’s been and is concerned with conflicts it’s ‘no-recession-helicopter-ben-b.s.-bernake’
et als and anything that conflicts with the huge wall street money / paper
frauds that continue as we speak of them. Come on! Does anybody buy any of the
b***s*** from him or his ilk. ‘Conflicts are US’ is the prevailing entity / pressure
group / reality in Washington these days and with all the negative, diabolical
consequences therefrom, economically, financially, and otherwise. Geithner
says hard times to continue for many
] A
Decade of Decline in Equity Markets Faisal Humayun [
This is a must read and explains how the market’s been artificially propped,
the dow relative to hard assets, ie., gold (dow/gold ratio), has actually
crashed 78%, and comparable prospects for the next decade, etc.. ‘…The Dow
Jones Index was trading at 11,357 levels at the beginning of the year 2000.
More than a decade later (as of beginning July 2011), the index is at 12582.
Therefore, the index has gained 11% in the last ten years…’ Yet, the
inflationary dollar (declining) debasement rate was 31%. (-31%) {See the
inflation calculator immediately above the current date on this page – and
that’s just the government (inflation) numbers … reality is much worse!}
Meanwhile, the frauds on wall street are churnin’ and earnin’ like never before
at lightning computerized speeds enabling the high-frequency trades that are
commissioned in unprecedented large volumes; a big net negative in real
economic terms.] Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I
wrote the book Prelude To Meltdown , predicting the
global crisis that occurred the following year. I now see a similar
confluence of events that warns of phase II of the global crisis.
Once again I see all the “canaries in the mine,” which
warned of the 2008 crisis. My just released book, Financial Apocalypse , provides the clues and the road map, with charts, of how
my indicators successfully predicted the meltdown that occurred in the
fall of 2008. This book is a guide for detecting the next crisis whenever it
occurs. History repeats, or at minimum, it rhymes.
My work shows that “the new recession has started.” The
May 9 issue of the Wellington Letter was
headlined: “Return of the Double-Dip.” At the time, economists were
looking for a great economy in the second half. Now they talk about a “soft
patch.” Over the past 33 years, we have called the start of every
recession, often on the exact month, or within one month, of the official start
as determined one year later by the official arbiter of recession, the National
Bureau of Economic Research (NBER).
How can we be in recession now when the GDP still shows
growth? Because of improper inflation adjustments. “Real” GDP growth, the
headline number, is nominal growth minus the rate of inflation. However,
inflation is far understated for political reasons.
Currently, the GDP deflator is 1.8%, which hardly
reflects the true rise in prices. Therefore, what is counted as “growth,” is
actually price increases. Actual inflation, according to free market economists
who calculate inflation as it was done in 1980 before the politician
re-engineered it, is now more than 11%. Using that to adjust GDP for inflation,
would show that the economy is now in a very sharp contraction.
When the current euphoric earnings forecasts of Wall
Street finally reflect that via significant “earnings downgrades,” the stock
market will see a serious “adjustment” as well.
On July 18, Goldman Sachs ( GS ) substantially
lowered its economic growth forecast. Marketwatch.com had this headline: Goldman Sachs slashes Economic Forecasts . The next step
will be for them to substantially reduce earnings forecasts for the S&P
500. Will the phase II be as bad as the 2008 crisis? The last crisis was
confined to the private sector, i.e. financial institutions. The next one will
be involve the threatened default of entire countries. The last time, the
central banks bailed out the financial firms and even Warren Buffett bailed out
several firms. Who is big enough to bail out entire countries? Or will the term
of “too big to fail” turn to “too big to bail?”
Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon Back on December 12, 2007 I wrote a market
commentary that started as follows:
The equity markets have
been very volatile this year, but also range bound. A picture speaks a
thousand words so all one needs to do is view the chart below of the S&P
500 Index to understand just how volatile and range bound things have
been. Specifically, since February 20, 2007, only nine and one half
months or so ago, the S&P 500 Index has been down 5.86%, up 13.02%,
down 9.43%, up 11.26%, down 10.09%, and now up 7.73% –
through 12/10/07 – so far in this latest up leg! All this in
ONLY nine and one half months!
http://blogs-images.forbes.com/advisor/files/2011/07/market-commentary-1.jpg
History is repeating itself so far in 2011, which has
been fraught with ups and downs in both international and domestic equity
markets. This is due to many things, including the considerable economic
doubts and various countries debt situations. This uncertainty has translated
into market performance with direct impacts on portfolio returns and more
prominently in portfolio volatility. This volatility is best seen in the chart
below of the S&P 500 Index beginning 1/1/11.
http://blogs-images.forbes.com/advisor/files/2011/07/market-commentary-2.jpg
2010 ended positivity and the momentum carried into the
first two months of 2011 however the end of February began a series of events
that led market returns on a whipsaw ride of ups and downs, resulting in the
current universal mid-year views of market uncertainty.
What news was associated with this volatility? All the
usual; crude oil prices, natural disasters, corporate earnings, politics,
economic forecast revisions for both developed and emerging markets, the
European debt situation, the United States debt situation and more to name just
a few.
One thing is for certain; the current volatile, range
bound market activity is difficult at best to profit from. In this
investing environment patience is the most important attribute. I will be
patient and will be careful until the trends are preferable.
Our strategy at Hanlon Investment Management is to
attempt to minimize downside risk by exiting risk asset classes, such as
equities, during periods of uncertainty, getting invested in more conservative
asset classes, such as money markets and short-term bonds, and re-entering into
risky asset classes when we identify them as attractive, when the trend is our
friend and positive!
Having identified this volatility, in June we made
defensive, tactical investment decisions that provide less exposure to these
volatile, range bound markets and prepare us to re-enter the markets when they
possess improved risk characteristics.’
Though having but 5% of the world’s
population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Unemployment
up in 28 states in June The rate for
the District surpassed the national rate, up to 10.4 percent (Washington Post)
[ Well there you go say the bernanken wobomanoids! Great news in that there’s
no reported change in 22 other states (yet). Yeah! Happy days are here again! The frauds on wall street et
als should be criminally prosecuted, jailed, fined, and disgorgement imposed ! Initial
unemployment claims Jul. 21, 2011 which bad news sparked wall street rally … what total
b***s***. No budget deal, celebrated Greek Plan – DEFAULT! … sounds like a
plan!…, backward looking earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean
Hanlon Tech up today? Absolute confirmation of dire
prospects worldwide since american tech is horrendous. Yet, sizzling ‘child’s
play’ is the order of the day and credit still must be given to those [ie.,
Steve Jobs-I’m truly glad he saved Apple, my first computer (apple IIc for word
processing / data based records/forms/templates/data which I interfaced with an
electric typewriter for letter quality)] who could (as he) identify such
novelties as the biggest over-priced / over-valued sensations since the hoola
hoop (which were pretty cheap and with some minor health benefits to boot).Take
this run-up as a gift based on fraudulent wall street b***s*** alone and take
this opportunity to sell / take profits / ‘sell today if you missed in may and
then go away’! Nothing has been solved; maybe forestalled. This is the
umpteenth rally based upon the ‘solution’. The ubiquitous problems make the
notion of a ‘Gordian Knot’ a mere tinker toy in comparison. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of the money owed
to cover future liabilities in entitlement programs the US is actually in worse
financial shape than Greece and other debt-laden European countries, Pimco’s
Bill Gross told CNBC Monday.
Maierhofer: ‘ USA
INC. - INCOME STATEMENT If the United States was a corporation - USA Inc. -
here's what the Income Statement would look like:Total federal spending in 2010
amounted to $3.456 trillion. Total receipts added up to $2.162 trillion. USA
Inc.'s 2010 deficit was $1.294 trillion.The 2011 federal budget is $3.7
trillion with a projected deficit of$1.6 trillion. … USA INC. - BALANCE SHEET If you think the Income Statement looks
bad, you may not want to look at the Balance Sheet. Consensus estimates for
unfunded obligations vary. Mary Meeker pegs the shortfall at $31 trillion,
PIMCO's Bill Gross estimates the unreported debt to be $75 trillion, while
other estimates exceed $100 trillion (these amounts are insurmountable) …’ Huge suckers’ rally to keep the
suckers suckered in this market based upon backward looking data discounted
multiple times to the upside (including the apple numbers as recently as last
week on ‘leaked’ expectations of ‘better than expected’, etc.), taxpayer funded
QE results, and b***s*** alone. This is an especially great opportunity to sell
/ take profits since there’s much, much worse to come! IT'S GOING TO HURT 'FOR LONG
TIME TO COME' ‘God bless us everyone’! … As if we didn’t already know it / feel it!
Dave's
Daily 'If you can
keep interest rates this low this long, its inevitable cheap financing can
allow companies to start cobbling each other up. Further Ben's policies allow
companies like IBM to sell bonds at 1% and buy back shares with the proceeds
(total paper bubble-scam). POMO is
occurring almost daily and Primary Dealers can buy back their shares and pay
dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen
Farrell ] A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read and explains how
the market’s been artificially propped, the dow relative to hard assets, ie.,
gold (dow/gold ratio), has actually crashed 78%, and comparable prospects for
the next decade, etc.. ‘…The Dow Jones Index was trading at 11,357 levels at
the beginning of the year 2000. More than a decade later (as of beginning July
2011), the index is at 12582. Therefore, the index has gained 11% in the last
ten years…’ Yet, the inflationary dollar (declining) debasement rate was 31%.
(-31%) {See the inflation calculator immediately above the current date on this
page – and that’s just the government (inflation) numbers … reality is much
worse!} Meanwhile, the frauds on wall street are churnin’ and earnin’ like
never before at lightning computerized speeds enabling the high-frequency
trades that are commissioned in unprecedented large volumes; a big net negative
in real economic terms.] Check out this
inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
Greek
contagion quarantined New crisis measures may finally keep Greece’s problems
from spreading across the continent. (Washington Post) [ Riiiiight! Quarantined
… as in confined to that limited spot … now called the entire planet earth!
Spreading across? How ‘bout now totally intertwined with, and then some … of
the other 6 continents. Come on! Wake up! Moreover, the big fear, viz.,
default, has finally been realized; yet, despite all the prior handwringing
over just that, we’re now all told to buy into the ‘good money after bad’
formulae that served the frauds on wall street, only, so fabulously in the last
and continuing financial / economic debacle / crisis. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! Initial
unemployment claims Jul. 21, 2011 which bad news
sparked wall street rally … what total b***s***. No budget deal, celebrated
Greek Plan – DEFAULT! … sounds like a plan!…, backward looking earnings results
… riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon Tech up today? Absolute confirmation of dire
prospects worldwide since american tech is horrendous. Yet, sizzling ‘child’s
play’ is the order of the day and credit still must be given to those [ie.,
Steve Jobs-I’m truly glad he saved Apple, my first computer (apple IIc for word
processing / data based records/forms/templates/data which I interfaced with an
electric typewriter for letter quality)] who could (as he) identify such
novelties as the biggest over-priced / over-valued sensations since the hoola
hoop (which were pretty cheap and with some minor health benefits to boot).Take
this run-up as a gift based on fraudulent wall street b***s*** alone and take
this opportunity to sell / take profits / ‘sell today if you missed in may and
then go away’! Nothing has been solved; maybe forestalled. This is the umpteenth
rally based upon the ‘solution’. The ubiquitous problems make the notion of a
‘Gordian Knot’ a mere tinker toy in comparison. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of the money owed to cover future liabilities in
entitlement programs the US is actually in worse financial shape than Greece
and other debt-laden European countries, Pimco’s Bill Gross told CNBC
Monday. Maierhofer: ‘ USA
INC. - INCOME STATEMENT If the United States was a corporation - USA Inc. - here's what the Income
Statement would look like:Total federal spending in 2010 amounted to $3.456
trillion. Total receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit
was $1.294 trillion.The 2011 federal budget is $3.7 trillion with a projected
deficit of$1.6 trillion. … USA INC. - BALANCE SHEET If you think the Income Statement looks bad, you may not want to look at
the Balance Sheet. Consensus estimates for unfunded obligations vary. Mary
Meeker pegs the shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported
debt to be $75 trillion, while other estimates exceed $100 trillion (these
amounts are insurmountable) …’
Huge suckers’ rally to keep the suckers suckered in this market based upon
backward looking data discounted multiple times to the upside (including the
apple numbers as recently as last week on ‘leaked’ expectations of ‘better than
expected’, etc.), taxpayer funded QE results, and b***s*** alone. This is an
especially great opportunity to sell / take profits since there’s much, much
worse to come! IT'S GOING TO HURT 'FOR LONG
TIME TO COME' ‘God bless us everyone’! … As if we didn’t already know it / feel it!
Dave's
Daily 'If you can
keep interest rates this low this long, its inevitable cheap financing can
allow companies to start cobbling each other up. Further Ben's policies allow
companies like IBM to sell bonds at 1% and buy back shares with the proceeds
(total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell A
Decade of Decline in Equity Markets Faisal Humayun [
This is a must read and explains how the market’s been artificially propped,
the dow relative to hard assets, ie., gold (dow/gold ratio), has actually
crashed 78%, and comparable prospects for the next decade, etc.. ‘…The Dow
Jones Index was trading at 11,357 levels at the beginning of the year 2000.
More than a decade later (as of beginning July 2011), the index is at 12582.
Therefore, the index has gained 11% in the last ten years…’ Yet, the
inflationary dollar (declining) debasement rate was 31%. (-31%) Meanwhile, the
frauds on wall street are churnin’ and earnin’ like never before at lightning
computerized speeds enabling the high-frequency trades that are commissioned in
unprecedented large volumes; a big net negative in real economic terms. Check out this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm ]
Is
America The Next Greece? at Forbes Marc Schindler ‘After many years of overeating (overspending) Greece is in the emergency
room with a major financial heart attack and America isn’t far behind.The
doctors (IMF, European finance ministers, the ECB, etc.) are running around
trying to save it. Open heart surgery (loans guaranteed by others) has averted
the immediate crisis, but Greece is just as overweight today as it was before
the crisis. Attempts to lose weight through exercise (austerity measures) cause
serious chest pains (riots). The doctors don’t want to admit it, but all signs
point to a heart transplant (default) as the only way to get Greece onto its
feet again.Greece isn’t the only one. It is a veritable epidemic. Ireland,
Italy, Portugal, Spain and a host of other countries are having chest pains.
Iceland is feeling better now with its freshly transplanted heart. The American
home owner is still in the hospital from his financial heart attack after
gobbling up vast quantities of real estate, and it has been many decades since
Uncle Sam last could see his toes. By
most accounts (e.g. here or Bill Gross ‘ statements in a recent interview)
total hidden government liabilities add up to about $60-$100 trillion. That is
on top of the $14 trillion of debt carried on the balance sheet. Adding up
those liabilities, the US owes at least five times GDP, which currently sits at
about $15 trillion. For comparison, Greece’s debt is about 1.5 times its GDP… ’
Milbank:
Dealing with the Default Caucus (Washington Post) [ I just love ‘wobama the b’ (for b***s***)
apologist in chief, Mr. Milbank. He’s so egalitarian; surprising all by his
colloquial reference to whom one might otherwise consider to be his political
polar opposite, and even political nemesis in the persona of Ronald Reagan, so
tritely referred to by Mr. Milbank as ‘The Gipper’ in whom Mr. Milbank posits
the inspiration, ‘heart and soul’, of ‘the new democratic party’. What total
b***s***! How about everyone, including Mr. Milbank, realizing the dire
predicament facing the nation owing to a now familiar political strategy of
‘kicking the can’ down the road a piece till the problem (insolvency of the
nation) has as now become insurmountable and hence, unsolvable. That’s where
we’re at now! . Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of the money owed to cover future liabilities in
entitlement programs the US is actually in worse financial shape than Greece
and other debt-laden European countries, Pimco’s Bill Gross told CNBC
Monday. Maierhofer: ‘ USA
INC. - INCOME STATEMENT If the United States was a corporation - USA Inc. - here's what the Income
Statement would look like:Total federal spending in 2010 amounted to $3.456
trillion. Total receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit
was $1.294 trillion.The 2011 federal budget is $3.7 trillion with a projected
deficit of$1.6 trillion. … USA INC. - BALANCE SHEET If you think the Income Statement looks bad, you may not want to look at
the Balance Sheet. Consensus estimates for unfunded obligations vary. Mary
Meeker pegs the shortfall at $31 trillion, PIMCO's Bill Gross estimates the
unreported debt to be $75 trillion, while other estimates exceed $100 trillion
(these amounts are insurmountable) …’ IT'S GOING TO HURT 'FOR LONG
TIME TO COME' ‘God bless us everyone’! … As if we didn’t already know it / feel it!
Dave's
Daily 'If you can
keep interest rates this low this long, its inevitable cheap financing can
allow companies to start cobbling each other up. Further Ben's policies allow
companies like IBM to sell bonds at 1% and buy back shares with the proceeds
(total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell
Is
America The Next Greece? at Forbes Marc Schindler ‘After many
years of overeating (overspending) Greece is in the emergency room with a major
financial heart attack and America isn’t far behind.The doctors (IMF, European
finance ministers, the ECB, etc.) are running around trying to save it. Open
heart surgery (loans guaranteed by others) has averted the immediate crisis,
but Greece is just as overweight today as it was before the crisis. Attempts to
lose weight through exercise (austerity measures) cause serious chest pains
(riots). The doctors don’t want to admit it, but all signs point to a heart
transplant (default) as the only way to get Greece onto its feet again.Greece
isn’t the only one. It is a veritable epidemic. Ireland, Italy, Portugal, Spain
and a host of other countries are having chest pains. Iceland is feeling better
now with its freshly transplanted heart. The American home owner is still in
the hospital from his financial heart attack after gobbling up vast quantities
of real estate, and it has been many decades since Uncle Sam last could see his
toes. By most accounts (e.g. here or Bill Gross ‘ statements in
a recent interview) total hidden government liabilities add up to about
$60-$100 trillion. That is on top of the $14 trillion of debt carried on the
balance sheet. Adding up those liabilities, the US owes at least five times
GDP, which currently sits at about $15 trillion. For comparison, Greece’s debt
is about 1.5 times its GDP…’ Pity the Policymakers July 21st, 2011 by News
by Mohamed A. El-Erian (Project Syndicate) — ‘I don’t know about you,
but whenever I am in an airplane experiencing turbulence, I draw comfort from
the belief that the pilots sitting behind the cockpit’s closed door know what
to do. I would feel very differently if, through an open door, I observed pilots
who were frustrated at the poor responsiveness of the plane’s controls, arguing
about their next step, and getting no help whatsoever from the operator’s
manuals. So it is unsettling that policymakers in many Western economies today
resemble the second group of pilots. This perception reflects not only the
contradictory pronouncements and behavior of policymakers, but also the extent
to which economic outcomes have consistently fallen short of their
expectations.This perception is evident in Europe, the United States, and
Japan, where indicators of economic sentiment are deteriorating again,
already-weak recoveries are stalling, and over-stretched balance sheets are
becoming even more precarious.’
I must
say I’m a little disappointed in Mr. Petruno. Acts? As in what they do in
Hollywood? Maybe. But let’s not be naďve. [ Parenthetically, it should be noted
that the LA Times is a dying, failed newspaper / publisher. ]
Greek
contagion quarantined (Washington
Post)[Riiiiight!Quarantined-as in confined to that limited spot-now called the
entire planet earth!Spreading across?How ‘bout now totally intertwined with,and
then some,of the other 6 continents.Come on!Wake up!Moreover,the big
fear,viz.,default, has finally been realized; yet, despite all the prior
handwringing over just that, we’re now all told to buy into the ‘good money
after bad’ formulae that served the frauds on wall street, only, so fabulously
in the last and continuing financial/economic debacle/crisis. Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 Forbes Deficits
And Stimulus Only Delay The Inevitable Collapse Chapman America is insolvent US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of the money owed
to cover future liabilities .. US is actually in worse financial shape than
Greece,etc.Pimco’s Gross told CNBC.Maierhofer:‘ USA INCOME STATEMENT :Total federal spending in 2010=$3.456
trillion.Total receipts=$2.162 trillion. 2010 deficit was $1.294 trillion.2011
federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. USA BALANCE SHEET .. PIMCO's Gross-unreported debt to
be $75 trillion,others>$100 trillion (insurmountable) ’ Science
and religion: God didn't make man; man made gods http://discussions.latimes.com/20/lanews/la-oe-thompson-atheism-20110718/10 Among the songs I have chord charts for (courtesy of my
guitar instructor), I know the words to the song. I’m all for peace because
it’s rational. ‘No possessions’, John Lennon didn’t give up one. He even was
pro-Reagan politically. Have you taken a really close look at this world today
and what man’s created, ‘mr. and mrs. pro-science and reason’. You obviously
take delight in speaking about a subject far beyond your own capacity to truly
understand; and then your non-sequitor, unprovable conclusions. Quite simply,
the authors of this article are pathetic and merely seem to be looking
desperately for an audience; a niche where really profound truth gives way as
does form over substance. Once again, you are pathetic!
Why Apple,
Google And EBay Will Slash And Burn Investors
200-Day MA Sell Signals - Should You Ignore these Death Crosses?
[$$] Time to Pluck Apple?
Top 3 Reasons Markets Were As Mixed Up as U.S. Budget
Negotitions Wall St. Cheat
Sheet
July 22, 2011, Markets closed
mixed on Wall Street today: Dow -0.35% , S&P +0.09% , Nasdaq +0.86% , Oil
+0.54% , Gold +0.95 %.
On the commodities front, Oil climbed to $99.67. Precious
metals also gained, with Gold up to $1,602.10 an ounce while Silver rose 3.06%
to $40.14 an ounce…
Today’s markets were mixed because:
1) No budget deal . Democrats and Republicans, the House
and the Senate, tax hikes vs. spending cuts…the debate continues as we head
into another weekend with no debt deal. Yesterday the New York Times reported
that we were close, but the White House quickly denied it. There are three main proposals in Congress : the Senate’s
“Gang of Six” plan, which contains both large spending cuts and significant
changes to the tax code; the Obama-Boehner plan, a bit more conservative but
still not being embraced by the right; and the House’s “Cut, Cap and Balance”
act that’s already been rejected by the Senate today, the majority being
angered by the plan’s complete disregard of any tax reform whatsoever. It’s a
game of chicken: Republicans aren’t ceding any ground, expecting the Democrats
to flinch first as they barrel toward the August 2 deadline to raise the debt
ceiling.
2) Greek bailout plan. Yesterday, European leaders held
yet another summit to discuss plans for Greece’s bailout. But this time they
came up with a plan of action. While the plan would allow for Greece to
technically go into default, it seemed the best option for preventing the
spread of Greece’s debt problems and for helping the Greece’s economy to
recover. At issue for some time now has been the level of private sector
involvement in the bailout. It was ultimately decided that as much as 50
billion euros would be raised by private sector buyers of Greek bonds. The G reece
news boosted global markets and the euro , but wasn’t enough to keep
American markets up as we continue to face our own debt crisis.
3) Tech sector. The tech-heavy Nasdaq was the only major
index to show significant gains today, with chip makers Sandisk (SDSK) and
Advanced Micro Devices leading
the semiconductor sector after reporting better-than-expected second-quarter
earnings and raising their full-year revenue forecasts. Sandisk closed up 9.62%
and AMD closed up 19.23%. Other tech firms rode the wave, including Micron ,
Microchip Technology , and Seagate , all gaining over 3%…’
DOW
FALLS, NASDAQ UP AMID THREAT OF IMPENDING DOOM: Here's What You Need To Know Business
Insider Joe Weisenthal, July 22, 2011, A totally unbelievable end of the week filled with
euphoria, tragedy, and a sense of impending doom.
But first, the scoreboard:
Dow: -46.47
And now, the top stories:
We'll break
it down by themes. Obviously the day started with yesterday's huge
European bailout announcement. You can read all about it here , but the
establishment of a more fiscally cohesive an flexible European bailout
mechanism was initially treated with huge euphoria. However by
the end of the European day that faded quite a bit .
The day also saw incredible tragedy in Norway . First a
bomb struck a government area in Norway, and then a couple of hours later,
a gunman attacked a youth camp on an island owned by the ruling labor
party, killing 9 or 10. The details and motivations remain quite scarce,
but it's a national tragedy -- one of the worst days in Norwegian history
without a doubt.
Bottom
line: The market is still figuring that things will come together on the
debt ceiling front next week and that it won't all go blamo. It's perhaps
a dicey proposition ahead of a weekend where many people are leaving
Washington.
Indebted EU
states can model Iceland Press TV | Debt-ridden
EU countries need to pattern themselves after Iceland.
Banks
Pay Back TARP Funds by… Borrowing From Treasury Yahoo Finance | Banks repaid
cash owed by borrowing from a Treasury-run program.
Oil Prices Rise Reuters | Oil rose for
a third straight session Thursday.
500
Million Debt-Serfs: The European Union Is a Neo-Feudal Kleptocracy Charles Hugh
Smith | All Europeans now serve them as debt-serfs in one way
or another.
Austerity
and Deficit Hawks Say, “Let Them Eat Cake,” The People Will Say, “Off With
Their Heads” AmpedStatus Report | The vultures
are circling above the debt ceiling, along with the austerity and deficit
hawks, ready to pounce on what little remains.
The Fatal
Flaw In Europe’s Second “Bazooka” Bailout: 82 Million Soon To Be Very Angry
Germans, Or How Euro Bailout #2 Could Cost Up To 56% Of German GDP Tyler Durden | A funny thing
happened in Euro spreads today.
A Thousand
Pictures Is Worth One Word BIG GOLD | In spite of
constant headlines about debts and deficits, most Americans don’t really believe
the U.S. dollar will collapse.
Regulators
shut 2 banks in Florida, 1 in Colorado (AP)
Fed
audit highlights possible conflicts Report finds that lending programs
generally have sound management, but also face difficult issues.(Washington
Post) [ Possible? Oh come now! If there’s one man, entity, Washington interest,
etc., that’s been and is concerned with conflicts it’s ‘no-recession-helicopter-ben-b.s.-bernake’
et als and anything that conflicts with the huge wall street money / paper
frauds that continue as we speak of them. Come on! Does anybody buy any of the
b***s*** from him or his ilk. ‘Conflicts are US’ is the prevailing entity /
pressure group / reality in Washington these days and with all the negative,
diabolical consequences therefrom, economically, financially, and
otherwise. Geithner
says hard times to continue for many
] A
Decade of Decline in Equity Markets Faisal Humayun [
This is a must read and explains how the market’s been artificially propped,
the dow relative to hard assets, ie., gold (dow/gold ratio), has actually
crashed 78%, and comparable prospects for the next decade, etc.. ‘…The Dow
Jones Index was trading at 11,357 levels at the beginning of the year 2000.
More than a decade later (as of beginning July 2011), the index is at 12582.
Therefore, the index has gained 11% in the last ten years…’ Yet, the
inflationary dollar (declining) debasement rate was 31%. (-31%) {See the
inflation calculator immediately above the current date on this page – and
that’s just the government (inflation) numbers … reality is much worse!}
Meanwhile, the frauds on wall street are churnin’ and earnin’ like never before
at lightning computerized speeds enabling the high-frequency trades that are
commissioned in unprecedented large volumes; a big net negative in real
economic terms.] Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I
wrote the book Prelude To Meltdown , predicting the
global crisis that occurred the following year. I now see a similar
confluence of events that warns of phase II of the global crisis.
Once again I see all the “canaries in the mine,” which
warned of the 2008 crisis. My just released book, Financial Apocalypse , provides the clues and the road map, with charts, of how
my indicators successfully predicted the meltdown that occurred in the
fall of 2008. This book is a guide for detecting the next crisis whenever it
occurs. History repeats, or at minimum, it rhymes.
My work shows that “the new recession has started.” The
May 9 issue of the Wellington Letter was
headlined: “Return of the Double-Dip.” At the time, economists were
looking for a great economy in the second half. Now they talk about a “soft
patch.” Over the past 33 years, we have called the start of every
recession, often on the exact month, or within one month, of the official start
as determined one year later by the official arbiter of recession, the National
Bureau of Economic Research (NBER).
How can we be in recession now when the GDP still shows
growth? Because of improper inflation adjustments. “Real” GDP growth, the
headline number, is nominal growth minus the rate of inflation. However,
inflation is far understated for political reasons.
Currently, the GDP deflator is 1.8%, which hardly
reflects the true rise in prices. Therefore, what is counted as “growth,” is
actually price increases. Actual inflation, according to free market economists
who calculate inflation as it was done in 1980 before the politician
re-engineered it, is now more than 11%. Using that to adjust GDP for inflation,
would show that the economy is now in a very sharp contraction.
When the current euphoric earnings forecasts of Wall
Street finally reflect that via significant “earnings downgrades,” the stock
market will see a serious “adjustment” as well.
On July 18, Goldman Sachs ( GS ) substantially
lowered its economic growth forecast. Marketwatch.com had this headline: Goldman Sachs slashes Economic Forecasts . The next step
will be for them to substantially reduce earnings forecasts for the S&P
500.
Will the phase II be as bad as the 2008 crisis? The last
crisis was confined to the private sector, i.e. financial institutions. The
next one will be involve the threatened default of entire countries. The last
time, the central banks bailed out the financial firms and even Warren Buffett
bailed out several firms. Who is big enough to bail out entire countries? Or
will the term of “too big to fail” turn to “too big to bail?”
Gallery:
Key players shaping economic policy (Washington Post) [ Is this some kind of a joke? Key players? If
this were a game, those ‘key players’ would certainly be on the other side /
team. I mean, come on! Look at their results! Nothing short of disasterous.
And, in case you hadn’t noticed, ‘this is no game’. Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a
devastating long-term economic decline..’ ]
States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived
mideast turmoil and their wars to obfuscate and divert attention from their
failure. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS
– PLEASE BE CAREFUL OUT THERE! ‘ Dave's
Daily 'If you can
keep interest rates this low this long, its inevitable cheap financing can
allow companies to start cobbling each other up. Further Ben's policies allow
companies like IBM to sell bonds at 1% and buy back shares with the proceeds
(total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St.
S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell A
Decade of Decline in Equity Markets Faisal Humayun [
This is a must read and explains how the market’s been artificially propped,
the dow relative to hard assets, ie., gold (dow/gold ratio), has actually
crashed 78%, and comparable prospects for the next decade, etc.. ‘…The Dow
Jones Index was trading at 11,357 levels at the beginning of the year 2000.
More than a decade later (as of beginning July 2011), the index is at 12582.
Therefore, the index has gained 11% in the last ten years…’ Yet, the
inflationary dollar (declining) debasement rate was 31%. (-31%) {See the
inflation calculator immediately above the current date on this page – and
that’s just the government (inflation) numbers … reality is much worse!}
Meanwhile, the frauds on wall street are churnin’ and earnin’ like never before
at lightning computerized speeds enabling the high-frequency trades that are
commissioned in unprecedented large volumes; a big net negative in real
economic terms.]
National / World
Oslo Bombing Tied To CIA-Linked Terrorist Kurt Nimmo | The media is instinctively blaming al-Qaeda, but there is another
possible culprit.
Oslo Terror: Whose Agenda Does It Serve? Paul Joseph Watson | Bombing of government building and mass shooting arrive as
establishment seeks to manufacture “white Al-Qaeda” myth.
Oslo Bombing: Is CIA Contact Krekar to Blame? Kurt Nimmo | The media is instinctively blaming al-Qaeda, but there is another
possible culprit.
Government Is To Blame For Blackouts Alex Jones & Paul Joseph Watson | Energy companies in Detroit, Indianapolis warn of
coming power outages
Feds Profiling Whites, Middle Class Americans As
Terrorists Paul Joseph
Watson | Only when
conservatives realize they are as big a target of the “war on terror” as
Muslims will we see the police state dismantled.
Wall
Street Likes Obama 11.8 Million Times More Than Previously Believed at Minyanville ‘Considering Wall Street's well-documented
distaste for President Obama's economic policies, it might be logical to assume
the lion's share of the donations to his re-election campaign recently have
come from elsewhere.a new analysis by the Center for Responsive Politics has found that
"individuals who work in the finance, insurance and real estate sector are
responsible for raising at least $11.8 million for Obama's campaign and the
Democratic National Committee," or about one-third of the $34.95 million
his "elite fund-raising corps" brought in during the second quarter
of this year.
The Center has identified 80 bundlers --
out of 244 whose names were released by the Obama campaign last week -- who are
part of the financial sector. Forty-four specifically work for the securities
and investment industry. Goldman
Sachs CEO Jon Corzine, Evercore Partners executive Charles
Myers, Greenstreet Real Estate Partners CEO Steven Green and Azita Raji, a
former investment banker for JPMorgan -- did not bundle money for Obama's 2008
campaign.
·
Mark and Nancy Gilbert, of Barclays, who worked together
to raise money as a couple
·
Blair Effron, of Centerview Partners
·
Kirk Rudy, of Endeavor Real Estate
·
Orin Kramer, of Boston Provident
·
John Emerson, of Capital Group Companies
data , released
earlier today, shows the "Securities & Investment" industry
having raised $7.2 million in Q2, $1.1 million more than the next highest
group, "Lawyers/Law Firms" with $6.1 million. Business Services, $3.9
million, Real Estate, $2.3 million, and Misc. Finance, $1.75 million…’
America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s Blog / the grim economic reality
[ http://albertpeia.com/grimreality.htm UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Pentagon
Warning Order: ‘Prepare for War’ (By September?) Mac Slavo | The world is
just one misstep away from a complete financial, economic and geo-political
meltdown.
‘US
might redeploy Bahrain fleet’ following popular revolution Press TV | Alarm at
revolution against the country’s Washington-backed regime.
U.S. Warplanes Attack
Iraq City Aswat al-Iraq | Raids cover areas of Ufiya and
Abu-Rummana in central Amara.
Obama,
Boehner push for ambitious debt plan Savings of $3 trillion over the next decade
would come from spending cuts and changes to entitlement programs, but no
immediate tax increases. (Washington Post) [ Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of the money owed to cover future liabilities in
entitlement programs the US is actually in worse financial shape than Greece
and other debt-laden European countries, Pimco’s Bill Gross told CNBC
Monday. Maierhofer: ‘ USA
INC. - INCOME STATEMENT If the United States was a corporation - USA Inc. - here's what the Income
Statement would look like:Total federal spending in 2010 amounted to $3.456
trillion. Total receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit
was $1.294 trillion.The 2011 federal budget is $3.7 trillion with a projected
deficit of$1.6 trillion. … USA INC. - BALANCE SHEET If you think the Income Statement looks bad, you may not want to look at
the Balance Sheet. Consensus estimates for unfunded obligations vary. Mary
Meeker pegs the shortfall at $31 trillion, PIMCO's Bill Gross estimates the
unreported debt to be $75 trillion, while other estimates exceed $100 trillion
(these amounts are insurmountable) …’ Moody's
puts U.S. ratings on review for downgrade Europe’s
debt crisis threatens Italy Sheer size of the world’s
seventh-largest economy could thwart any international attempt to bail it out.
(Washington Post) [ Yeah, dem’ darn PIIGS.
Reminds me of that joke (I won’t repeat it here except the punch line):
‘That’s black bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many
Republicans were more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.).
New
Greek rescue plan approved Stronger countries’ creditworthiness is effectively
pledged to help ailing banks or euro-zone governments. (Washington Post) [ Wow! ‘Talk about good
money after bad and going down with the ship!’ Well, they are ‘captains /
pilots’ so to speak and ain’t that what they supposed to do? Pity the Policymakers July 21st, 2011 by News
by Mohamed A. El-Erian (Project Syndicate) — ‘I don’t know about you,
but whenever I am in an airplane experiencing turbulence, I draw comfort from
the belief that the pilots sitting behind the cockpit’s closed door know what
to do. I would feel very differently if, through an open door, I observed
pilots who were frustrated at the poor responsiveness of the plane’s controls,
arguing about their next step, and getting no help whatsoever from the
operator’s manuals. So it is unsettling that policymakers in many Western
economies today resemble the second group of pilots. This perception reflects
not only the contradictory pronouncements and behavior of policymakers, but
also the extent to which economic outcomes have consistently fallen short of
their expectations.This perception is evident in Europe, the United States, and
Japan, where indicators of economic sentiment are deteriorating again,
already-weak recoveries are stalling, and over-stretched balance sheets are
becoming even more precarious.’
Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of the money owed to cover future liabilities in
entitlement programs the US is actually in worse financial shape than Greece
and other debt-laden European countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘ USA
INC. - INCOME STATEMENT If the United States was a corporation - USA Inc. - here's what the Income
Statement would look like:Total federal spending in 2010 amounted to $3.456
trillion. Total receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit
was $1.294 trillion.The 2011 federal budget is $3.7 trillion with a projected
deficit of$1.6 trillion. … USA INC. - BALANCE SHEET If you think the Income Statement looks bad, you may not want to look at
the Balance Sheet. Consensus estimates for unfunded obligations vary. Mary
Meeker pegs the shortfall at $31 trillion, PIMCO's Bill Gross estimates the
unreported debt to be $75 trillion, while other estimates exceed $100 trillion
(these amounts are insurmountable) …’ Standing on the precipice – and ready to jump July 21st, 2011 News By Wolfgang Münchau ( Financial Times)
— ‘It looks like there will be deal on a eurozone package for Greece. The full
details are still missing, but it appears that the eurozone is forcing Greece
into a selective default. As part of such a package, short-term Greek debt will
be more or less forcibly converted into long-term debt. The wretched bank tax
is mercifully off the table. And the European financial stability facility will
most likely be allowed to purchase Greek debt at a discount. LET
US NOT MINCE WORDS HERE . THIS
WOULD BE A DEFAULT, THE FIRST BY A WESTERN INDUSTRIALISED COUNTRY IN A
GENERATION . I am not quite sure how
it is possible for the European Central Bank to agree to this, or to all of
this. But I will surely be intrigued to hear how Jean-Claude Trichet will
manage to be consistent with what he said a few days ago. There are also
reports that the eurozone leaders may accept a more flexible EFSF beyond those
bond purchases.’
Will:
Obama is the debt problem (Washington Post)
[ If ‘wobama the b’ (for b***s***) was only the debt problem, there’d be some
hope. But alas, Mr. Perma War, Mr. No Pros Wall Street, Mr. Teleprompter, and
more all rolled into one, it’s difficult now to see where one wobama-induced
(by failing to heed his own campaign promises upon which he was elected)
problem ends and another begins. Indeed, an amorphous amalgamation of
problematic scenarios that defy, based on his/their own own lack of perspective/knowledge,
their ability to identify the problems much less solve them. America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
Though having but 5% of the world’s population, the u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Why Apple,
Google And EBay Will Slash And Burn Investors
[$$] Time to Pluck Apple?
The following is my comment to an LA
Times article regarding a Justice Department cover-up! As for your inquiry, all
I think about day and night is a long overdue resolution to the RICO litigation
as set forth therein:
I believe him!
I truly empathize with the
ATF in terms of government cover-ups, notably by even the DOJ. You’ll recognize
some familiar names (ie., Alito, Trump, Freeh (Louis Freeh now has dual
citizenship with Italy), and some familiar crimes (ie., drug money laundering,
etc. – real cash cow for gov’t ops, bribes, etc.). [Did you know this about the
following ATF Agents who were probably viewed as loose ends: Steve
Willis, Robert Williams, Todd McKeahan & Conway LeBleu: Died February 28, 1993 by
gunfire at Waco. All four were examined by a pathologist and died from
identical wounds to the left temple. All four had been body guards for Bill
Clinton, three while campaigning for President and when he was Governor of
Arkansas.They also were the ONLY 4 BATF agents killed at Waco. ]
Here’s some real, complicit cover-up / fraud on the part of the federal
government, et als:
October 15, 2010 (*see infra {ultimately
delivered by UPS})
Steven M. Martinez, Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3 copies of the within DVD rom autorun disk (which will
open in your computer’s browser) as per your office’s request as made this day
(the disk and contents have been scanned by Avast, McAfee, and Norton which
I’ve installed on my computer to prevent viral attacks / infection and are
without threat). I also include 1 copy of the DVD as filed with the subject
court as referenced therein (which files are also included on the aforesaid 3
disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as
you’re aware, the RICO Act is a criminal statute which provides a civil remedy,
including treble damages and attorney fees, as an incentive for private
prosecution of said claims probably owing to the fact that the USDOJ seems
somewhat overwhelmed and in need of such assistance given the seriousness and
prevalence of said violations of law which have a corrupting influence on the
process, and which corruption is pervasive). A grievance complaint against Coan
was also filed concurrently with the subject action and held in abeyance
pending resolution of the action which was illegally dismissed without any
supporting law and in contravention of the Order of The Honorable Robert N.
Chatigny, Chief Judge, USDC, District Connecticut. The files below the
horizontal rule are the referenced documents as filed. (Owing to the damage to
the financial interests of both the U.S. and the District of Congresswoman
Roybal-Allard, viz., Los Angeles, the Qui Tam provisions of the Federal False
Claims Act probably would apply and I would absent resolution seek to refer the
within to a firm with expertise in that area of the law with which I am not
familiar) .
The document in 5 pages under penalty of perjury I was asked to forward to
the FBI office in New Haven is probably the best and most concise summary of
the case RICO Summary to FBI Under Penalty of Perjury at Their Request (5
pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf
].
The correspondence I received from the Congresswoman by way of email
attachment (apparent but typical problem with my mail) along with my response
thereto is included on the 3 disks as
fbicorrespondencereyes.htm . With regard to
the calls to the FBI’s LA and New Haven, CT offices: There was one call to the
LA office and I was referred to the Long Beach, CA office where I personally
met with FBI Agent Jeff Hayes to whom I gave probative evidentiary documents of
the money laundering which he confirmed as indicative of same (he was
transferred from said office within approximately a month of said meeting and
his location was not disclosed to me upon inquiry). The matter was assigned to
FBI Agent Ron Barndollar and we remained in touch for in excess of a decade
until he abruptly retired (our last conversation prior to his retirement
related to the case and parenthetically, Rudy Giuliani whose father I stated
had been an enforcer for the mob to which he registered disbelief and requested
I prove it, which I did – he served 12 years in prison, aggravated
assault/manslaughter? – and no, there is no Chinese wall of separation – Andrew
Maloney’s the one that prosecuted gotti).
In contradistinction to the statement in said correspondence, there is a
plethora of information including evidence supporting the claims set forth in
the RICO VERIFIED COMPLAINT (see infra).
Such includes and as set forth in the case, inter alia,
A judgment
had been entered in my favor in the case, United States District Court
Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in
excess of $300,000 remains unaccounted for and which could be used for
payment to creditors, Los Angeles, etc.. Counsel
Robert Sullivan on my behalf documented by way of certification upon
investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon
which false statement he predicated a retaliatory and spurious contempt
proceeding against me causing substantial damage, and for which he sought
Judicial Notice of those and related proceedings as did I in some of my
filings. The Order
of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant
Coan’s failure to file anything whatsoever by the court’s deadline causing
creditors and me substantial damages: [ Shiff Order of
Dismissal With Prejudice on Coan’s Failure to
File Page
1
Page 2
] Defendant
Coan had filed an action against me to prevent me from suing him which
necessitated me to fly to Connecticut for a hearing before The Honorable
Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied
Coan’s requested relief as to Coan but precluded my action against Shiff
(although there is no immunity, judicial or otherwise, for criminal acts,
ie., fraud connected with a case under Title 11, USC, etc.) .
[ transcript in pertinent part - http://www.albertpeia.com/crossexamofcoanbypeia.pdf
] Newly
appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned
the RICO case despite the conflict of interest in light of hundreds of
thousands of dollars of illegal (drug) money being laundered through the
Trump casinos by the RICO defendants, and despite my motion to recuse her
which motion she heard herself and denied, and U.S. Trustee Hugh Leonard
with whom I met personally refused to join or file a separate motion to
recuse and not long thereafter left said office for private practice at
Cole, Shotz, et als on retainer with the RICO defendants as his primary
client.
Probative
and evidentiary documents, affidavits, exhibits, including those turned
over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to
Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the
U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was
U.S. Attorney, and went over said documents and their probative value with
him. Within approximately a month thereafter upon inquiry I was told that
Jonathon Lacey was no longer with the office, that the file/documents
could not be located, and that there was no further information available
concerning contacting him or his location. I thereupon delivered by hand,
copies of said documents to the office of then U.S. Attorney Alito,
addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one
mob case he had brought, bungled, lost (accidently on purpose?) since I
was suing some mob-connected under RICO and the court (I had known /
previously met outside of court the judge Ackerman through a client) was
absolute bedlam and a total joke since incompetent corrupt Alito brought
in all 20 mob defendants (rather than prosecute one or a few to flip them
first) who feigning illness had beds/cots in the courtroom along with
their moans during testimony and had the jury in stitches. As much as I
hate the mob, it truly was funny, if not so tragic.], Alito
is also corrupt (and maybe corrupt because he is inept). After a
reasonable (but still rather short) time I called to determine the status
and was told that Alito was no longer with the Office of the U.S.
Attorney, that he was (appointed) a federal judge, and that neither the
documents nor any file or record of same could be located. Alito did
parley the same / cover-up into quid pro quo direct lifetime appointment
to the Court of Appeals, 3 rd circuit,
despite the absence of judicial experience or successful tenure as U.S.
Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that
now sits on the purported highest court in the land. The real application
of the illegal rule ‘don’t ask, don’t tell’.
There is
applicable insurance / surety coverage and neither LA, nor creditors, nor I
should continue to have been damaged by this brazened corrupt and illegal
scenario, which should be resolved in accordance with the meaningful rules of
law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5 th Street, #404
Los Angeles, CA
90013
(213) 219-****
(cell phone)
(213) 622-3745
(listed land line but there are unresolved problems with the line, computer
connection may be the reason but I hesitate to chance greater non-performance /
worsening by their ‘fix’ so cell phone best for contact).{recent change
323-786-6651 -magic jack}
----------
*The foregoing and as indicated therein was previously send 9-14-10 but
delivery confirmation was flawed as set forth below and my inquiries to the
u.s. postal service rebuffed (I believe tampered with inasmuch as your office
could not locate same). This cover letter (9-13-10) is on the 3 disks with
navigable hyperlinks to the subject files for ease of reference, including the
files in the RICO action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC
Secretary, who indicates once again that your office has not received the
aforesaid and which can reasonably be presumed to have been tampered with, and
hence, a violation of the federal statute concerning same. (Ultimately
delivered by UPS) ]
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America Is a Failed State Because It Won’t Prosecute Financial
Crime Washington’s Blog / the grim economic reality
[ http://albertpeia.com/grimreality.htm
CRIME STATS(u.s.No.1) UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases against Wall Street lag despite Holder’s vows to target
financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
http://www.albertpeia.com
Sincerely and Regards,
Al Peia
U.S.
debt news and euro debt agreement fuel rally
Top 3 Reasons Markets Were Up on Hopes for Greece Resolution
Meanwhile, back at the fraud-farm, ‘your pain their gain’: Morgan
Stanley's trading revenue up; stock soars
John
Bogle Didn't Have All The Data at Forbes
Dutch exposure to Greece and the other PIIGS countries: it
is time to end the bailout madness. | Ernst's Blog
Personal
Consumption Rate Of Growth Down 77% In U.S. Since 2000 at Forbes
Top
3 Reasons Markets Were Up on Hopes for Greece Resolution Wall St. Cheat
Sheet
Stock
ETFs Bleed $1.6 Billion; Large Inflows Seen In Small Cap Fund at
Barrons.com
Banks
Pay Back TARP Funds by… Borrowing From Treasury Yahoo Finance | Banks repaid
cash owed by borrowing from a Treasury-run program.
Oil Prices Rise Reuters | Oil rose for
a third straight session Thursday.
Audit:
Fed gave $16 trillion in emergency loans Stephen C.
Webster | Figures produced by the government’s first-ever audit
of the central bank.
S&P
Says Likelihood US Is Downgraded To AA As Soon As Early August Is 50-50 Zero Hedge | A rather
sobering report out from S&P.
Fed
Preparing For US Default Says Plosser Tyler Durden | That giant
whooshing, and humming, sound you hear are all the printers at the basement of
Marriner Eccles getting refills and start the warm up process.
Financial
Terrorism Analysis: How Global Bankers Plunder Nations – Lessons from Greece Global Research
| Greece is, in fact, a microcosm of the global economy.
Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been so for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of the money owed to cover future liabilities in
entitlement programs the US is actually in worse financial shape than Greece
and other debt-laden European countries, Pimco’s Bill Gross told CNBC
Monday. Maierhofer: ‘… USA Inc. - Balance Sheet If you think the
Income Statement looks bad, you may not want to look at the Balance Sheet.
Consensus estimates for unfunded obligations vary. Mary Meeker pegs the
shortfall at $31 trillion, PIMCO's Bill Gross estimates the unreported debt to
be $75 trillion, while other estimates exceed $100 trillion …’
Existing
home sales slip Sales of existing homes took a slight dip in June while
prices stabilized. (Washington Post) [ See! Who said that not every storm cloud
has a silver lining as ‘the botched paperwork’ debacle ‘delays judgment day’
while giving those purported new homes sales a chance by drying up some
inventory, though but an ephemeral ‘breather’ at best if at all in factual
reality. Why The Dow Will Plunge To 7,000 By 24/7 Wall St. June 28, 2011 ‘… Housing expert
Robert Shiller says home prices could drop another 10% this year. The ripple
effect from a rise in underwater mortgages will affect everything from bank
earnings to consumer credit to consumer spending. The real estate problem is a
drag on the economy and it is one that will get worse …’ New-home
construction surges in June (Washington Post) [ Riiiiight! One of
those ‘all dressed up and no where to go’ pre-election year stats. Given the back-log
in foreclosures, distressed, ‘underwater’ properties, they might literally have
to give them away, fire-sales not excluded. I’d also put these stats (if even
true – I don’t believe anything they say / report, particularly in light of
their desperation, pre-election year, etc.) in the category of: Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job...
Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I
wrote the book Prelude To Meltdown , predicting the
global crisis that occurred the following year. I now see a similar
confluence of events that warns of phase II of the global crisis.
Once again I see all the “canaries in the mine,” which
warned of the 2008 crisis. My just released book, Financial Apocalypse , provides the clues and the road map, with charts, of how
my indicators successfully predicted the meltdown that occurred in the
fall of 2008. This book is a guide for detecting the next crisis whenever it
occurs. History repeats, or at minimum, it rhymes.
My work shows that “the new recession has started.” The
May 9 issue of the Wellington Letter was
headlined: “Return of the Double-Dip.” At the time, economists were
looking for a great economy in the second half. Now they talk about a “soft
patch.” Over the past 33 years, we have called the start of every
recession, often on the exact month, or within one month, of the official start
as determined one year later by the official arbiter of recession, the National
Bureau of Economic Research (NBER).
How can we be in recession now when the GDP still shows
growth? Because of improper inflation adjustments. “Real” GDP growth, the
headline number, is nominal growth minus the rate of inflation. However,
inflation is far understated for political reasons.
Currently, the GDP deflator is 1.8%, which hardly
reflects the true rise in prices. Therefore, what is counted as “growth,” is
actually price increases. Actual inflation, according to free market economists
who calculate inflation as it was done in 1980 before the politician
re-engineered it, is now more than 11%. Using that to adjust GDP for inflation,
would show that the economy is now in a very sharp contraction.
When the current euphoric earnings forecasts of Wall
Street finally reflect that via significant “earnings downgrades,” the stock
market will see a serious “adjustment” as well.
On July 18, Goldman Sachs ( GS ) substantially
lowered its economic growth forecast. Marketwatch.com had this headline: Goldman Sachs slashes Economic Forecasts . The next step
will be for them to substantially reduce earnings forecasts for the S&P
500.
Will the phase II be as bad as the 2008 crisis? The last
crisis was confined to the private sector, i.e. financial institutions. The
next one will be involve the threatened default of entire countries. The last
time, the central banks bailed out the financial firms and even Warren Buffett
bailed out several firms. Who is big enough to bail out entire countries? Or
will the term of “too big to fail” turn to “too big to bail?”
Stocks
had best day of 2011 They were boosted by a potential breakthrough on debt and
upbeat corporate earnings reports. (Washington Post) [ Take this run-up as a
gift based on fraudulent wall street b***s*** alone and take this opportunity
to sell / take profits / ‘sell today if you missed may and then go away’!
Nothing has been solved; maybe forestalled. The ubiquitous problems make the
notion of a ‘Gordian Knot’ a mere tinker toy in comparison. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! Huge suckers’ rally to keep the suckers suckered in
this market based upon backward looking data discounted multiple times to the
upside (including the apple numbers as recently as last week on ‘leaked’
expectations of ‘better than expected’, etc.), taxpayer funded QE results, and
b***s*** alone. This is an especially great opportunity to sell / take profits
since there’s much, much worse to come!
Why Apple,
Google And EBay Will Slash And Burn Investors IT'S
GOING TO HURT 'FOR LONG TIME TO COME' ‘God
bless us everyone’! … As if we didn’t
already know it / feel it! Dave's
Daily 'If you can
keep interest rates this low this long, its inevitable cheap financing can
allow companies to start cobbling each other up. Further Ben's policies allow
companies like IBM to sell bonds at 1% and buy back shares with the proceeds
(total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator immediately above
the current date on this page – and that’s just the government (inflation)
numbers … reality is much worse!} Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.] http://www.albertpeia.com/inflationcalculator.htm
A
‘make or break’ time for Greece, E.U. Brussels summit aims to secure financing
for Greece, build confidence that larger economies will be helped if necessary. (Washington
Post) [ Come on! Let’s get real here! There’ll be no climactic moment when in
unison they’ll be ‘high-fivin’ for that surreal ‘mission accomplished’ (NOT!) moment made famous by war criminal
and failed president dumbya bush. It’s not their ‘style’; but even if it was,
the view that a real and final solution was actually at hand would be such
obvious fantasy so as to court even further credibility disaster down the road
when reality once again rears its familiar ugly (from their perspective)
head. IMF:
Euro is under ‘a shadow’ (Washington Post) [ Wow! You can say that again! Ok! I
will: ‘Euro
is under a shadow’ . Yeah! It
really is … all that … bad for the euro, eu, europe; but, let’s not be
xzenophobic here; pervasively corrupt, defacto bankrupt america’s hand-in-hand
/ hands across the water under the same shadow along with that over-printed
abused paper thing called the u.s. dollar.
Germany
Says It’s Confident EU Will Agree on Greek Debt Plan Bloomberg | Germany said
it’s confident that European leaders will reach agreement on funding a second
Greek bailout. 18
Signs That Global Financial Markets Smell Blood In The Water The Economic
Collapse | ‘Can you smell it? There is blood in the
water…’ The
Greater Depression Is Upon Us by David Galland http://www.lewrockwell.com/orig10/galland34.1.html Casey
Research Recently by
David Galland: The Road to Perdition ‘The phrase
“Greater Depression” was coined by Doug Casey a decade or so back as a way of
describing the economic crisis he foresaw as inevitable, and which is now
materializing.
Because I think it
is important for every organization to constantly challenge its own
assumptions, I’ve long acted as something of a devil’s advocate here at Casey
Research. By constantly pushing our analysts to revisit their assumptions and
calculations, it is my firm intention for us to spot the fork in the road that
indicates it is time to shift strategies away from investments designed to do
well in the face of a currency debasement and to something else.
Being attentive to
that fork in the road is hugely important, because even though we urge our
subscribers not to overdo their exposure to inflation hedges, we recognize that
many do. Many a good person had their clocks cleaned in the early 1980s solely
because they had become overly enamored of their precious metals – so much so
that they stopped thinking of them as an asset class and began thinking of them
more in the terms one might associate with an amorous dinner date. Thus these
investors were utterly unprepared when said date stood up and broke a dinner
plate over their heads.
With that brief
setup, I want to make our views clear: While we correctly anticipated the
recent correction in precious metals, this correction is but a blip in a
secular bull market that is very much intact.
Doug Casey has
often said that the unfolding crisis is going to be even worse than he expects
(which is saying something), and the longer the rest of us at Casey Research
study the tea leaves, it is hard to disagree that the Greater Depression is
still ahead.
Consider:
The eurozone is growing
increasingly desperate. .. The U.S. debt situation is
far worse than anyone in Washington is willing to admit. .. China’s miracle mirage. .. Japan is essentially
offline. .. The Middle East is in flames. ..
I’m convinced that nearly everything about
today’s world is going to change over the coming decade… much of it for the
worse …’
National / World
Big
Sis Spy Story Goes Viral Paul Joseph Watson | The story is now the number six most read article on the entire
Internet.
DHS Video Characterizes White Americans as Most Likely
Terrorists Paul Joseph
Watson | Big Sis fear
campaign continues, but Americans are just as likely to be killed by peanut
allergies than they are in terrorist attacks.
Moody’s
Now Threatening Downgrade on 5 U.S. States Wall Street
Cheat Sheet | Moody’s has now issued a new slate of threats to
individual states.
Anger at
government highest in 19 years: poll Raw Story |
Dissatisfaction and anger with the federal government are at a nearly 20-year
high.
States
negotiating immunity for banks over foreclosures Reuters | State AGs
negotiating wide immunity for major banks over foreclosure irregularities.
DHS Video Characterizes White Americans as Most Likely
Terrorists Paul Joseph
Watson | Big Sis fear
campaign continues, but Americans are just as likely to be killed by peanut
allergies than they are in terrorist attacks.
Uproar As BBC Muzzles Climate Change Skeptics Daily Express | Their views will get less coverage because they differ from mainline
scientific opinion.
Big
Sis Spy Story Goes Viral Paul Joseph Watson | The story is now the number six most read article on the entire
Internet.
‘Grand
bargain’ on debt is back on the table President Obama said he would accept a
short-term hike in the debt ceiling if it gave lawmakers time to finalize a
comprehensive deal. (Washington Post) [
New
debt strategy gains support in Senate
President Obama and lawmakers in both parties latch on to a new strategy
for reducing the federal debt, saying an emerging plan to save $3.7 trillion
over the next decade could help break the impasse. Meanwhile, the House passes
a separate balanced-budget bill. Debt
debate not increasing confidence in Congress Republicans
fear default, not Aug. 2 deadline Md.,
Va., warned of risk to credit rating Stocks
up as U.S. default worries ease (Washington Post) [ Well, there you go … if they say it, feel it,
and stocks are up because they say it, feel it … well, it must be true … NOT!
Come on! What’s been solved? $3.7 trillion over a decade, if it happens (very
doubtful), it will bearly cover the interest costs. This is just typical
pre-election year politics that not only solves nothing; but has literally
brought the nation to the precipice and now like lemmings, they leap! Deficit Ceiling
and Stocks - Expect the Unexpected ETFguide Simon
Maierhofer, July 19, 2011, ‘ A number of
cliches come to mind when talking about the U.S. debt situation. The most
appropriate might be: 'You can't have your cake and eat it too.' The least
applicable is probably: 'Never put off until tomorrow what you can do today.'
But if you think the U.S. will default on some of its
obligations anytime soon, you don't have enough faith in the government's most
potent weapon - extend and pretend (another cliche that's become the modus
operandi).
Since 1960, Congress has acted 78 separate times to
permanently raise, temporarily extend, or revise the definition of the debt
limit. Chances are Congress will act again before the August 2 deadline. That
however isn't good news.
By the end of this article you will know the common
sense, no nonsense, deficit ramifications for the stock market and why even 'a
deal' isn't good news.
USA Inc. - Income Statement
If the United States was a corporation - USA Inc. -
here's what the Income Statement would look like:
Total federal spending in 2010 amounted to $3.456
trillion. Total receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit
was $1.294 trillion.
The 2011 federal budget is $3.7 trillion with a projected
deficit of$1.6 trillion. But there's no reason to despair, just before April
15,Congressional leaders were able to agree on $39 billion worth of budgetcuts
for the remainder of the year.
Senate Majority Leader Harry Reid hailed this heroic
effort as a 'historic' level of cuts. To quantify just how 'historic' that
effort was we'll put it in percentage terms -1%. The cut amounted to only 1% of
the 2011 budget. Apparently it wasn't enough. Thanks to extend and pretend
we've arrived at the next deadline.
Stocks Applaud ... and Decline
Keep in mind that back in mid-April when the 'historic'
$39 billion cut was hammered out, the S&P was at about 1,300. Following the
'resolution' of the budget problem stocks rallied about 5%.
The April 3 ETF Profit Strategy Newsletter featured the
chart below (due to size restrictions the chart had to be reduced). As per the
chart and accompanying analysis, the Newsletter expected a rally to the next
Fibonacci resistance at 1,369, followed by a bounce off the Fibonacci support
at either 1,229 or 1,255 and an attempt to take out the previous high.
http://www.etfguide.com//contributor/UserFiles/8/Image/5%20-%20April%203%20TF.jpg
This outlook was based purely on technical analysis with
no regard for the deficit problem or European debt woes (we'll take a look at
an updated technical forecast in a moment). The S&P did top at 1,370 on May
2. Thereafter it dropped to 1,259, and tried to take out the previous high (the
S&P rallied as high as 1,356 on July 7and stumbled thereafter).
USA Inc. - Balance Sheet
If you think the Income Statement looks bad, you may not
want to look at the Balance Sheet. Consensus estimates for unfunded obligations
vary. Mary Meeker pegs the shortfall at $31 trillion, PIMCO's Bill Gross
estimates the unreported debt to be $75 trillion, while other estimates exceed
$100 trillion.
The Deficit and Stocks
When President Obama took office in January 2009, the
federal debt was 70% of GDP or $10 trillion. Today the deficit is close to 100%
of GDP at $14.3 trillion. As per a recent AP report, President Obama had
to scroll down his demands and would now be content with a $2.4 trillion debt
ceiling increase to make it last beyond the 2012 elections.
No doubt, the President would like the deficit issue put
on hold until he's re-elected. It seems like everyone has an agenda that takes
priority over solving the actual debt issue. The whole game could be summed up
as White House budget director Jack Lew put it: 'That all these ideas do is say
let's kick the can down the road so that others will deal with it.'
This, by the way, is why the pre-election year of the
Presidential election year cycles has seen gains consistently since 1939,
because the incumbent party will do what it takes to remain in office longer.
A lose-lose Situation
The drawback of the deficit situation is that there is no
easy way out. The government has to either cut spending (as in fewer benefits
for Americans) or increase revenue (as in higher taxes).
Pick your poison. Either choice will kill the economy. Of
course, you can extend and pretend, which is probably what will end up
happening. No matter how much lip stick you have at your disposal, a pig
remains a pig. The deficit is a big (red) pig.
What is worse, a $14.3 trillion deficit today, or a $16+
trillion deficit (according to Obama's wish) in 2012? Debt is like gangrene,
dry rot or mold, it doesn't just go away, it gets worse (ask Greece, Ireland,
Portugal or any of the other PIIGS).
…
There was no fundamental good news on June 15 or 16. Some
of the headlines featured on June 15 were:
'Is the bull market over? A look at four different
sentiment measures suggests that more pain may await investors.' - Barrons
'Greek default could trigger chain reaction' - AP
'Confidence is eroding among U.S. factories, consumers' –
Bloomberg …’
18
Signs That Global Financial Markets Smell Blood In The Water The Economic
Collapse ‘… The following
are 18 signs that global financial markets smell blood in the water…
#1 Banks stocks are absolutely getting
hammered right now. Bank of America hit a
52 week low on Monday. Bank of America shares declined 4
percent to $9.61. #2 So far this year, Bank of America stock is down about 27 percent . #3 Bloomberg is reporting that Bank of America may be
forced to increase its capital cushion by 50 billion dollars . #4 Shares of Goldman Sachs and Morgan Stanley are near two year lows . #5 Shares in Citigroup fell
2.5 percent on Monday. #6 Moody’s recently warned that it may be forced to
downgrade the debt ratings of Bank
of America, Citigroup and Wells Fargo . #7 Barclays Capital, Goldman Sachs, Bank of America,
JPMorgan Chase and Morgan Stanley are all either considering staff cuts or are already
laying workers off. #8 The deputy European director of the International
Monetary Fund says that the Greek debt crisis is “ on a knife’s edge “. #9 Moody’s has slashed Ireland’s bond rating all the way to junk status . #10 The yield on 2 year Portuguese bonds is now over 20
percent, the yield on 2 year Irish bonds is now over 23 percent and the yield
on 2 year Greek bonds is now over 35 percent . #11 Shares of Italy’s largest bank dropped by a whopping 6.4% on Monday. #12 On Monday, the yield on 10 year Italian bonds was the highest it has been since the euro
was adopted. #13 On Monday, the yield on 10 year Spanish bonds was
also the highest it has been since the euro
was adopted. #14 Shares of Germany’s largest bank fell by a staggering 7% on Monday and
are down a total of 22% so far this month. #15 Citigroup’s chief economist, William Buiter, says that
without direct intervention by the ECB there
is going to be a wave of sovereign defaults across Europe…. “Nothing stands in the way of multiple sovereign defaults
except the ECB: they are the only game in town, there is nothing else” #16 Cisco has announced plans to axe 16 percent of its workers #17 Borders Group has announced that it will be
liquidating all remaining assets . That
means that 399 stores will be closed and 10,700 workers will lose their jobs. #18 During times of great crisis, many investors seek safe
havens for their money. On Monday, the price of gold shot past $1600 an ounce …’
SEC
rejects suggestion to settle case with CEO who wasn’t charged It was the first time the SEC had filed a
so-called clawback suit to wrest money from an executive who was not accused of
complicity in accounting fraud Mich.
man accused of insider trading (Washington Post) [ Boy! Talk about traveling as far as possible
‘from the action’ for a case in the millions, when they could literally set up
shop on wall street for a panoply of securities fraud cases in the trillions.
It’s not only that so few people have faith in the so-called pervasively
corrupt, defacto bankrupt american system anymore; but rather, it’s outlandish
that the cogs in the broken american wheel even expect that the public should
have faith in the corrupt, broken american ‘system’. After all, they truly
spend more time and resources covering up and working around what should be
their focus; viz., the big cases which were / are truly instrumental in the
prior / ongoing financial meltdown / crisis which resulted in huge profits /
gains for the perpetrators. This is not to say they shouldn’t bring the small
cases; but, ignoring the big cases owing to typical corrupt, venal motives is
inexcusable. What a lost nation! Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the objection
of the FBI, and were promptly ‘dispatched’/assassinated / hit by mafia /
organized crime [ this was documented with authority in the book ‘Goombata: The
Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Milbank:
Congress is now middle school ‘Anew Washington
Post-ABC News poll finds that 80 percent of Americans are dissatisfied with
the way the federal government is working. Such a finding leads to an
inevitable conclusion: The other 20 percent aren’t paying attention … Ah, sweet
Mr. Milbank. Who said he gets things wrong? Middle school? From Gipper (I
always hated that trite reference to Reagan – and again, let me reiterate that
though I liked Reagan as a very likeable guy, the last real american leader /
president was the underrated but great President General Eisenhower who warned
of the current debacle called america in the sense of admonishing of the danger
inherent to the now entrenched ‘military industrio-inferiority complex’) to
graduation, perma-wobama apologist Mr. Milbank has come a long way; but, a pile
of b***s*** in the form of ‘wobama the b’ stands intractably in his way, no
matter what. Because … ? You can’t change what lamentably wobama is and has proven himself to be. If only he
had done what he promised he would do (those false campaign promises which got
him elected). But alas, as in the moral of the story of the ‘scorpion and the
frog’, you cannot change the nature of that cowardly, failed ‘president’ called
‘wobama the b’. (Washington Post) [ The
new party of Reagan The Gipper helps make the case for Democrats.
(Washington Post) [ ‘Well there you go again’ quoting the ‘Gipper’, off the
deep end as one might expect from wobama apologist Mr. Milbank (he’s somewhat
of a lemming himself). After all, how different really are the parties these
days when profligate spending on illegal, unnecessary wars was continued when
democrats controlled congress, and then even the executive office when
continuing failed president and war criminal dumbya bush’s nation bankrupting,
nation destroying war policies, protection for unprecedentedly huge wall street
frauds, bush tax cut extensions for the wealthy, and then some (spending on top
of it). Preposterous! Especially since Reagan’s most significant achievement
was his rational approach toward Russia (with of course the substantial help of
the astute Gorbachev) toward the ameliorative goal of peace and consequent
peace dividend which enabled a ‘smooth-sailing’ though undeserved tenure for
ultimately clinton (cia man ‘poppy the sailor man’ bush was already working on
stirring up war / military industrial complex matters in the Mideast – that
April Glaspie/cia/Iraq/Kuwait communiqué to sadam and the consequent debacle,
etc.). Call
Obama’s bluff Republicans should force him to propose real tax reform.
(Washington Post) [ Well, the first part, ‘Call obama’s bluff’; eh, what the
heck, sounds good. But, propose ‘real tax reform’? I’d say, giving him the
benefit of the doubt, Mr. Krauthammer’s somewhat uncharacteristically in
fantasy land. After all, isn’t all of this part of the pre-election year game
of ‘blind men’s bluff’. Kind of like being between the proverbial ‘Iraq and a
hard place’. I mean, where were all these principled partisans when it could
have counted; ie., Is a U.S. Default Inevitable? Patrick J.
Buchanan | ..bush prepared to invade Iraq in 2002..likely cost
would be $60 billion, said Mitch Daniels of the OMB..finance the war with Iraqi
oil,said Wolfowitz..the cost of the Iraq War? It has passed $1 trillion..’,
etc.. Obama
on high ground But Cantor could still bring him down. (Washington Post)
[ High ground? No such thing for ‘wobama the b’ (for b***s***)! He can run, but
can’t hide from his contraindicated (based on reality, broken campaign
promises, and consequences therefrom) record of unequivocal failure. Geithner
says hard times to continue for many
] Moody's
puts U.S. ratings on review for downgrade Europe’s
debt crisis threatens Italy Sheer size of the world’s
seventh-largest economy could thwart any international attempt to bail it out.
(Washington Post) [ Yeah, dem’ darn PIIGS.
Reminds me of that joke (I won’t repeat it here except the punch line):
‘That’s black bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many
Republicans were more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in control
of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone missing,
etc.). America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
Though having but 5% of the world’s population, the u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Stocks
had best day of 2011 They were boosted by a potential breakthrough on debt and
upbeat corporate earnings reports. (Washington Post) [ Take this run-up as a
gift based on fraudulent wall street b***s*** alone and take this opportunity
to sell / take profits / ‘sell today if you missed may and then go away’!
Nothing has been solved; maybe forestalled. The ubiquitous problems make the
notion of a ‘Gordian Knot’ a mere tinker toy in comparison. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! Huge suckers’ rally to keep the suckers suckered in
this market based upon backward looking data discounted multiple times to the
upside (including the apple numbers as recently as last week on ‘leaked’
expectations of ‘better than expected’, etc.), taxpayer funded QE results, and
b***s*** alone. This is an especially great opportunity to sell / take profits
since there’s much, much worse to come!
Why Apple,
Google And EBay Will Slash And Burn Investors IT'S
GOING TO HURT 'FOR LONG TIME TO COME' ‘God
bless us everyone’! … As if we didn’t
already know it / feel it! Dave's
Daily 'If you can
keep interest rates this low this long, its inevitable cheap financing can
allow companies to start cobbling each other up. Further Ben's policies allow
companies like IBM to sell bonds at 1% and buy back shares with the proceeds
(total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St. S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell ]
A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator immediately above
the current date on this page – and that’s just the government (inflation)
numbers … reality is much worse!} Meanwhile, the frauds on wall street are
churnin’ and earnin’ like never before at lightning computerized speeds
enabling the high-frequency trades that are commissioned in unprecedented large
volumes; a big net negative in real economic terms.]
Check out this
inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
New-home
construction surges in June (Washington Post) [ Riiiiight! One of
those ‘all dressed up and no where to go’ pre-election year stats. Given the
back-log in foreclosures, distressed, ‘underwater’ properties, they might
literally have to give them away, fire-sales not excluded. I’d also put these
stats (if even true – I don’t believe anything they say / report, particularly
in light of their desperation, pre-election year, etc.) in the category of: Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job...
Financial
Crisis Phase II Is Ahead at Forbes Bert Dohmen ‘ In late 2007, I
wrote the book Prelude To Meltdown , predicting the
global crisis that occurred the following year. I now see a similar
confluence of events that warns of phase II of the global crisis.
Once again I see all the “canaries in the mine,” which
warned of the 2008 crisis. My just released book, Financial Apocalypse , provides the clues and the road map, with charts, of how
my indicators successfully predicted the meltdown that occurred in the
fall of 2008. This book is a guide for detecting the next crisis whenever it
occurs. History repeats, or at minimum, it rhymes.
My work shows that “the new recession has started.” The
May 9 issue of the Wellington Letter was
headlined: “Return of the Double-Dip.” At the time, economists were
looking for a great economy in the second half. Now they talk about a “soft
patch.” Over the past 33 years, we have called the start of every
recession, often on the exact month, or within one month, of the official start
as determined one year later by the official arbiter of recession, the National
Bureau of Economic Research (NBER).
How can we be in recession now when the GDP still shows
growth? Because of improper inflation adjustments. “Real” GDP growth, the
headline number, is nominal growth minus the rate of inflation. However,
inflation is far understated for political reasons.
Currently, the GDP deflator is 1.8%, which hardly
reflects the true rise in prices. Therefore, what is counted as “growth,” is
actually price increases. Actual inflation, according to free market economists
who calculate inflation as it was done in 1980 before the politician
re-engineered it, is now more than 11%. Using that to adjust GDP for inflation,
would show that the economy is now in a very sharp contraction.
When the current euphoric earnings forecasts of Wall
Street finally reflect that via significant “earnings downgrades,” the stock
market will see a serious “adjustment” as well.
On July 18, Goldman Sachs ( GS ) substantially
lowered its economic growth forecast. Marketwatch.com had this headline: Goldman Sachs slashes Economic Forecasts . The next step
will be for them to substantially reduce earnings forecasts for the S&P
500.
Will the phase II be as bad as the 2008 crisis? The last
crisis was confined to the private sector, i.e. financial institutions. The
next one will be involve the threatened default of entire countries. The last
time, the central banks bailed out the financial firms and even Warren Buffett
bailed out several firms. Who is big enough to bail out entire countries? Or
will the term of “too big to fail” turn to “too big to bail?”
Bert Dohmen is editor of
the Wellington Letter
IMF:
Euro is under ‘a shadow’ (Washington Post) [ Wow! You can say that again! Ok! I
will: ‘Euro
is under a shadow’ . Yeah! It
really is … all that … bad for the euro, eu, europe; but, let’s not be
xzenophobic here; pervasively corrupt, defacto bankrupt america’s hand-in-hand
/ hands across the water under the same shadow along with that over-printed
abused paper thing called the u.s. dollar.
Germany
Says It’s Confident EU Will Agree on Greek Debt Plan Bloomberg | Germany said
it’s confident that European leaders will reach agreement on funding a second
Greek bailout. 18
Signs That Global Financial Markets Smell Blood In The Water The Economic
Collapse | ‘Can you smell it? There is blood in the
water…’ The
Greater Depression Is Upon Us by David Galland http://www.lewrockwell.com/orig10/galland34.1.html Casey
Research Recently by
David Galland: The Road to Perdition ‘The phrase
“Greater Depression” was coined by Doug Casey a decade or so back as a way of
describing the economic crisis he foresaw as inevitable, and which is now
materializing.
Because I think it
is important for every organization to constantly challenge its own
assumptions, I’ve long acted as something of a devil’s advocate here at Casey
Research. By constantly pushing our analysts to revisit their assumptions and
calculations, it is my firm intention for us to spot the fork in the road that
indicates it is time to shift strategies away from investments designed to do
well in the face of a currency debasement and to something else.
Being attentive to
that fork in the road is hugely important, because even though we urge our
subscribers not to overdo their exposure to inflation hedges, we recognize that
many do. Many a good person had their clocks cleaned in the early 1980s solely
because they had become overly enamored of their precious metals – so much so
that they stopped thinking of them as an asset class and began thinking of them
more in the terms one might associate with an amorous dinner date. Thus these
investors were utterly unprepared when said date stood up and broke a dinner
plate over their heads.
With that brief
setup, I want to make our views clear: While we correctly anticipated the
recent correction in precious metals, this correction is but a blip in a
secular bull market that is very much intact.
Doug Casey has
often said that the unfolding crisis is going to be even worse than he expects
(which is saying something), and the longer the rest of us at Casey Research
study the tea leaves, it is hard to disagree that the Greater Depression is
still ahead.
Consider:
The eurozone is growing
increasingly desperate. .. The U.S. debt situation is
far worse than anyone in Washington is willing to admit. .. China’s miracle mirage. .. Japan is essentially
offline. .. The Middle East is in flames. ..
I’m convinced that nearly everything about
today’s world is going to change over the coming decade… much of it for the
worse …’
Why Apple,
Google And EBay Will Slash And Burn Investors
[$$] Time to Pluck Apple?
Don't
Count on Social Security at Motley Fool ‘ President Obama
recently warned that Social Security checks were not guaranteed to be paid in
the event the debt ceiling does not get raised before August 3. Regardless of
whether he meant it -- or if it was mere political posturing -- it underscores
yet another problem with the Social Security system: It's not your money.
When all is said and done, your projected Social Security
benefits are simply not your property. The Supreme Court has twice ruled that,
in fact. You're simply assessed a tax based on your income and then may get something
back in the form of a payment, should you live long enough and/or otherwise
qualify -- and if funding remains available.
Add it to the list
... but you
also need to worry about whether your benefits will be cut simply because of
politics. The lesson in this is abundantly clear: Don't count on Social
Security. Absent significant changes, its own trustees doubt its long-term
solvency, and as the President warned, the benefits may be at risk as soon as
next month .
Invest your money in your future
Save
enough extra of your own assets to cover
your anticipated income gap. Reassess
your anticipated costs of living to determine what you can live without.
How much you
need to replace depends on your specific circumstances, of course. For the sake
of discussion, though, the average Social Security retiree received $1,181.59
this month, or an annualized rate of $14,179.08. If you believe the Trustees'
version of the future, once the Trust Fund expires, Social Security will continue
to pay out about three-quarters of its expected benefits.
In that
scenario, the average retiree would need to cover around an additional
$3,544.77 per year, inflation adjusted from today's dollars to their actual
date of retirement. Based on the 4%
rule , it means you'll need to save around an additional $88,619.25 in today's
dollars to cover for Social Security's expected long-run shortfall…’
Intel pulls back PC market outlook, shares slide SAN FRANCISCO
(Reuters) - Intel Corp trimmed its forecast for 2011 personal computer unit
sales, warning of softness in mature markets and sending its shares more than 1
percent lower.
Raising
The Debt Ceiling Is Just Kicking The Can Further Down The Road at Forbes
Top 3 Reasons Markets Were Down After Yesterday’s Rally Wall St. Cheat Sheet, July 20,
2011,
Markets closed down on Wall Street today: Dow -0.12% ,
S&P -0.14% , Nasdaq -0.43% , Oil +0.60% , Gold +0.21% .
On the commodities front, Oil climbed to $98.45.
Precious metals were also up today, with Gold climbing to $1,600.20 an ounce
while Silver gaining 1.19% to just break $40 an ounce.
Don’t Miss: Why
is China Telling the U.S. How to Handle its Debt?
Today’s markets were down because:
1) Debt debate . Investors weren’t so much wary of the
markets as they were distracted, resulting in a rather ho-hum day of trading.
While the
Gang of Six plan introduced in the Senate yesterday is gaining steam, so
is the Cut, Cap and Balance Act, which was pushed through the House by the Tea
Party. The act was passed by the Republican majority in the House, but won’t
make it through the Democrat-dominated Senate, while the Gang of Six plan,
technically bipartisan, has a better chance of being passed by the Senate than
the House. And in the meantime, we’re another day closer to the Treasury’s
August 2 deadline and still no debt ceiling deal.
2) Yesterday’s rally . After all three major indices
posted huge gains, including the Dow , which had its biggest one-day rally of
the year on Tuesday, markets were bound to slump as investors fell back down to
reality. Existing
home sales slipped in June and traders took profits. Still, today’s minor losses
only give back a fraction of yesterday’s gains.
3) Apple. After releasing its earnings report yesterday,
Apple’s stock bounced, closing today up 2.67%, making it one of the biggest
gainers on the Nasdaq. Unfortunately, one tech company’s good news is another’s
bad. Competitors Microsoft , Hewlett-Packard , and Google all closed out the
day well into the red…’
US
Economy Literally Making People Physically Sick at Minyanville
“Robo-Signing”
Fraud Continues — Surprise! USA Watchdog | 14 of the
biggest banks promised regulators they’d stop robo-signing documents…
Borders,
2nd Largest Chain Bookstore, Forced to Close All Stores WSJ | Borders, the
second-largest U.S. bookstore chain, said it would liquidate and close all
stores.
Too
Big To Fail?: 10 Banks Own 77 Percent Of All U.S. Banking Assets Economic
Collapse | In 2008, people were told that the largest banks in
the U.S. were “too big to fail.”
Postmaster
says days are numbered for Saturday mail delivery USA Today | Mail
carriers have been making rounds six days a week since the 19th century.
We’re
On Track For Record-Low Housing Completions In 2011 Calculated Risk
| As I mentioned earlier, the U.S. is on pace for a record low number of
multifamily completions in 2011.
A
Few Years From Now You’re Going To Wake Up With A Bunch Of New Taxes Bruce Krasting | We’re coming
down to the wire on the debt limit.
Obama
struggles to get Wall Street funding Financial Times | Mr Obama’s
haul dwarfed the $34m collectively pulled in by the Republican candidates, but
he lagged in one sector – finance.
ECONOMIC CRISIS ARCHIVE
National / World
Man’s
call for Obama assassination is free speech, not crime, court rules LA Times | A divided
panel of the U.S. 9th Circuit Court of Appeals overturned that conviction
Tuesday.
Bohemian
Grove Mystery Russia Today | RT’s
Kristine Frazao takes a closer look at Bohemian Grove 2011.
US Spy Drone Shot Down by Iran FARS | The official stated that the US drone was on a mission to identify the
location of the Fordo nuclear enrichment plant.
Unemployed
Welfare Mom Tries to Sell Baby at Taco Bell New York Daily
News
New
debt strategy gains support in Senate
President Obama and lawmakers in both parties latch on to a new strategy
for reducing the federal debt, saying an emerging plan to save
$3.7 trillion over the next decade could help break the impasse.
Meanwhile, the House passes a separate balanced-budget bill. Debt
debate not increasing confidence in Congress Republicans
fear default, not Aug. 2 deadline Md.,
Va., warned of risk to credit rating Stocks
up as U.S. default worries ease (Washington Post) [ Well, there you go … if they say it, feel it,
and stocks are up because they say it, feel it … well, it must be true … NOT!
Come on! What’s been solved? $3.7 trillion over a decade, if it happens (very
doubtful), it will bearly cover the interest costs. This is just typical
pre-election year politics that not only solves nothing; but has literally
brought the nation to the precipice and now like lemmings, they leap! Deficit Ceiling
and Stocks - Expect the Unexpected ETFguide Simon
Maierhofer, July 19, 2011, ‘ A number of
cliches come to mind when talking about the U.S. debt situation. The most
appropriate might be: 'You can't have your cake and eat it too.' The least
applicable is probably: 'Never put off until tomorrow what you can do today.'
But if you think the U.S. will default on some of its
obligations anytime soon, you don't have enough faith in the government's most
potent weapon - extend and pretend (another cliche that's become the modus
operandi).
Since 1960, Congress has acted 78 separate times to
permanently raise, temporarily extend, or revise the definition of the debt
limit. Chances are Congress will act again before the August 2 deadline. That
however isn't good news.
By the end of this article you will know the common
sense, no nonsense, deficit ramifications for the stock market and why even 'a
deal' isn't good news.
USA Inc. - Income Statement
If the United States was a corporation - USA Inc. -
here's what the Income Statement would look like:
Total federal spending in 2010 amounted to $3.456
trillion. Total receipts added up to $2.162 trillion. USA Inc.'s 2010 deficit
was $1.294 trillion.
The 2011 federal budget is $3.7 trillion with a projected
deficit of$1.6 trillion. But there's no reason to despair, just before April
15,Congressional leaders were able to agree on $39 billion worth of budgetcuts
for the remainder of the year.
Senate Majority Leader Harry Reid hailed this heroic
effort as a 'historic' level of cuts. To quantify just how 'historic' that
effort was we'll put it in percentage terms -1%. The cut amounted to only 1% of
the 2011 budget. Apparently it wasn't enough. Thanks to extend and pretend
we've arrived at the next deadline.
Stocks Applaud ... and Decline
Keep in mind that back in mid-April when the 'historic'
$39 billion cut was hammered out, the S&P was at about 1,300. Following the
'resolution' of the budget problem stocks rallied about 5%.
The April 3 ETF Profit Strategy Newsletter featured the
chart below (due to size restrictions the chart had to be reduced). As per the
chart and accompanying analysis, the Newsletter expected a rally to the next
Fibonacci resistance at 1,369, followed by a bounce off the Fibonacci support
at either 1,229 or 1,255 and an attempt to take out the previous high.
http://www.etfguide.com//contributor/UserFiles/8/Image/5%20-%20April%203%20TF.jpg
This outlook was based purely on technical analysis with
no regard for the deficit problem or European debt woes (we'll take a look at
an updated technical forecast in a moment). The S&P did top at 1,370 on May
2. Thereafter it dropped to 1,259, and tried to take out the previous high (the
S&P rallied as high as 1,356 on July 7and stumbled thereafter).
USA Inc. - Balance Sheet
If you think the Income Statement looks bad, you may not
want to look at the Balance Sheet. Consensus estimates for unfunded obligations
vary. Mary Meeker pegs the shortfall at $31 trillion, PIMCO's Bill Gross
estimates the unreported debt to be $75 trillion, while other estimates exceed
$100 trillion.
The Deficit and Stocks
When President Obama took office in January 2009, the
federal debt was 70% of GDP or $10 trillion. Today the deficit is close to 100%
of GDP at $14.3 trillion. As per a recent AP report, President Obama had
to scroll down his demands and would now be content with a $2.4 trillion debt
ceiling increase to make it last beyond the 2012 elections.
No doubt, the President would like the deficit issue put
on hold until he's re-elected. It seems like everyone has an agenda that takes
priority over solving the actual debt issue. The whole game could be summed up
as White House budget director Jack Lew put it: 'That all these ideas do is say
let's kick the can down the road so that others will deal with it.'
This, by the way, is why the pre-election year of the
Presidential election year cycles has seen gains consistently since 1939,
because the incumbent party will do what it takes to remain in office longer.
A lose-lose Situation
The drawback of the deficit situation is that there is no
easy way out. The government has to either cut spending (as in fewer benefits
for Americans) or increase revenue (as in higher taxes).
Pick your poison. Either choice will kill the economy. Of
course, you can extend and pretend, which is probably what will end up
happening. No matter how much lip stick you have at your disposal, a pig
remains a pig. The deficit is a big (red) pig.
What is worse, a $14.3 trillion deficit today, or a $16+
trillion deficit (according to Obama's wish) in 2012? Debt is like gangrene,
dry rot or mold, it doesn't just go away, it gets worse (ask Greece, Ireland,
Portugal or any of the other PIIGS).
…
There was no fundamental good news on June 15 or 16. Some
of the headlines featured on June 15 were:
'Is the bull market over? A look at four different sentiment
measures suggests that more pain may await investors.' - Barrons
'Greek default could trigger chain reaction' - AP
'Confidence is eroding among U.S. factories, consumers' –
Bloomberg …’
18
Signs That Global Financial Markets Smell Blood In The Water The Economic
Collapse ‘… The following
are 18 signs that global financial markets smell blood in the water…
#1 Banks stocks are absolutely getting
hammered right now. Bank of America hit a
52 week low on Monday. Bank of America shares declined 4
percent to $9.61. #2 So far this year, Bank of America stock is down about 27 percent . #3 Bloomberg is reporting that Bank of America may be
forced to increase its capital cushion by 50 billion dollars . #4 Shares of Goldman Sachs and Morgan Stanley are near two year lows . #5 Shares in Citigroup fell
2.5 percent on Monday. #6 Moody’s recently warned that it may be forced to
downgrade the debt ratings of Bank
of America, Citigroup and Wells Fargo . #7 Barclays Capital, Goldman Sachs, Bank of America,
JPMorgan Chase and Morgan Stanley are all either considering staff cuts or are already
laying workers off. #8 The deputy European director of the International
Monetary Fund says that the Greek debt crisis is “ on a knife’s edge “. #9 Moody’s has slashed Ireland’s bond rating all the way to junk status . #10 The yield on 2 year Portuguese bonds is now over 20
percent, the yield on 2 year Irish bonds is now over 23 percent and the yield
on 2 year Greek bonds is now over 35 percent . #11 Shares of Italy’s largest bank dropped by a whopping 6.4% on Monday. #12 On Monday, the yield on 10 year Italian bonds was the highest it has been since the euro
was adopted. #13 On Monday, the yield on 10 year Spanish bonds was
also the highest it has been since the euro
was adopted. #14 Shares of Germany’s largest bank fell by a staggering 7% on Monday and
are down a total of 22% so far this month. #15 Citigroup’s chief economist, William Buiter, says that
without direct intervention by the ECB there
is going to be a wave of sovereign defaults across Europe…. “Nothing stands in the way of multiple sovereign defaults
except the ECB: they are the only game in town, there is nothing else” #16 Cisco has announced plans to axe 16 percent of its workers #17 Borders Group has announced that it will be
liquidating all remaining assets . That
means that 399 stores will be closed and 10,700 workers will lose their jobs. #18 During times of great crisis, many investors seek safe
havens for their money. On Monday, the price of gold shot past $1600 an ounce …’
The
new party of Reagan The Gipper helps make the case for Democrats.
(Washington Post) [ ‘Well there you go again’ quoting the ‘Gipper’, off the
deep end as one might expect from wobama apologist Mr. Milbank (he’s somewhat
of a lemming himself). After all, how different really are the parties these
days when profligate spending on illegal, unnecessary wars was continued when
democrats controlled congress, and then even the executive office when
continuing failed president and war criminal dumbya bush’s nation bankrupting,
nation destroying war policies, protection for unprecedentedly huge wall street
frauds, bush tax cut extensions for the wealthy, and then some (spending on top
of it). Preposterous! Especially since Reagan’s most significant achievement
was his rational approach toward Russia (with of course the substantial help of
the astute Gorbachev) toward the ameliorative goal of peace and consequent
peace dividend which enabled a ‘smooth-sailing’ though undeserved tenure for
ultimately clinton (cia man ‘poppy the sailor man’ bush was already working on
stirring up war / military industrial complex matters in the Mideast – that
April Glaspie/cia/Iraq/Kuwait communiqué to sadam and the consequent debacle,
etc.). Call
Obama’s bluff Republicans should force him to propose real tax reform.
(Washington Post) [ Well, the first part, ‘Call obama’s bluff’; eh, what the
heck, sounds good. But, propose ‘real tax reform’? I’d say, giving him the
benefit of the doubt, Mr. Krauthammer’s somewhat uncharacteristically in
fantasy land. After all, isn’t all of this part of the pre-election year game
of ‘blind men’s bluff’. Kind of like being between the proverbial ‘Iraq and a
hard place’. I mean, where were all these principled partisans when it could
have counted; ie., Is a U.S. Default Inevitable? Patrick J.
Buchanan | ..bush prepared to invade Iraq in 2002..likely cost
would be $60 billion, said Mitch Daniels of the OMB..finance the war with Iraqi
oil,said Wolfowitz..the cost of the Iraq War? It has passed $1 trillion..’,
etc.. Obama
on high ground But Cantor could still bring him down. (Washington Post)
[ High ground? No such thing for ‘wobama the b’ (for b***s***)! He can run, but
can’t hide from his contraindicated (based on reality, broken campaign
promises, and consequences therefrom) record of unequivocal failure. Geithner
says hard times to continue for many
] Moody's
puts U.S. ratings on review for downgrade Europe’s
debt crisis threatens Italy Sheer size of the world’s
seventh-largest economy could thwart any international attempt to bail it out.
(Washington Post) [ Yeah, dem’ darn PIIGS.
Reminds me of that joke (I won’t repeat it here except the punch line):
‘That’s black bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many
Republicans were more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she look
pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan on
debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which means
like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
Though having but 5% of the world’s population, the u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all the
nations of the world combined... fed employees / contractors, cia, all 3
branches of u.s. gov’t, etc., are included in this evolved american trait of
inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
20 Signs That The Fabric Of American Society Is Coming
Apart At The Seams The American Dream | Most people
agree that there is something fundamentally wrong with America. There is wild
disagreement about what is causing it, but what most people can agree on is
that there is something fundamentally wrong with America. The fabric of
American society just does not seem to be as strong as it used to. In
fact, many would argue that society is coming apart at the seams. Corruption
and decay seem to be everywhere. I spend a lot of time in my other
articles blaming a lot of this corruption and decay on politicians, bureaucrats
and business leaders, but the reality is that they are only part of the
story. The truth is that those who are leading us are a reflection of
what we have become as a nation. If you got rid of all of our corrupt
leaders that would not suddenly “fix” this country. Millions of ordinary
Americans have become deeply corrupt as well. The kinds of things that
you are about to read about below were very rare in past generations.
Society is falling apart all around us and we haven’t even seen the complete
collapse of the U.S. economy yet. A lot of people like to blame the
increasingly bizarre behavior of the American people on the economy, but the
reality is that things are not nearly as bad as they are eventually going to
be. Yes, the U.S. “Misery Index” recently hit a 28 year high . Tens of
millions of American families are deeply suffering. Unemployment is rampant and
unprecedented numbers of Americans have been getting kicked out of their homes.
But that is nothing compared to what is coming. So what is America going to
look like when true economic suffering comes along? That is something to think
about. A lot of the items in the list below may seem easy to dismiss as
“isolated incidents”. But when you start examining patterns of behavior
over an extended period of time, certain trends begin to emerge. America
is become a very cruel place. The love of most people seems to be growing
cold. What some people are willing to do for a little bit of money or
just because someone has “pissed them off” is absolutely stunning. The
America of today is fundamentally different from the America of past
generations. We have changed, and not for the better.
The following are 20 signs that the fabric of American
society is coming apart at the seams…..
#1 A 17-year-old
Florida teen is being accused of killing his
parents with a hammer , hiding their bodies in the master bedroom, and then
inviting dozens of people over for a massive house party.
#2 What is it
with 17-year-olds? Another 17-year-old has been charged with putting a plastic
bag over the head of his mother and choking her to death
with a belt . His two brothers just stood by and watched while
this happened. Apparently the 17-year-old was infuriated because his
mother wanted them to play a game of Yahtzee with her.
#3 The largest
school cheating scandal in the history of the United States was recently
uncovered in the Atlanta area. Dozens of teachers and principles were
involved according
to a recently released 413 page report ….
More than three
quarters of the 56 schools investigated cheated on a 2009 standardized state
test, with 178 educators implicated, including 38 principals. Eighty-two
teachers confessed to erasing students’ answers and correcting tests. The
report says widespread cheating has occurred since at least 2001 and that
orders to cheat came from the top.
#4 A Vancouver,
Washington woman has been charged with trying to sell her newborn baby in
front of a Taco Bell . Apparently she was hoping to get somewhere
between $500 and $5000 for the baby.
#5 In the United
States today, if you don’t show cops “proper respect” there is a good chance
that you are going to get tazed. Just check out this disturbing video of an incident
that recently happened in Alabama.
#6 A 48-year-old
woman in California was recently arrested after she drugged her husband,
chopped off his manhood and threw it
into the garbage disposal .
#7 In the Dallas
area, five people (including a pregnant woman) were trampled
while lying on the ground as thousands of desperate people madly dashed to get
into line to get on a waiting list for rental assistance vouchers.
#8 A 35-year-old
New York man that has been charged with “ kidnapping,
killing and dismembering an 8-year-old boy ” says that he “hears voices” and
he has been ordered to undergo a psychological evaluation.
#9 There has been
a rash of car robberies in the Atlanta area recently. Just a couple of
nights ago, more than 30 cars were broken
into in a single night in south Buckhead.
#10 All over the
United States this summer, thieves are stealing just
about anything they can get their hands on . People are stealing air
conditioners, copper wiring, restaurant furniture, metal drain covers and even
hair extensions.
#11 In Woodstock,
Georgia a 61-year-old man reportedly promised to give a 17-year-old boy money
if he would do certain “things” for the man. Well, it turns out that the
61-year-old man ended up setting the teen on fire ….
A 61-year-old
man has been arrested on charges of aggravated battery, cruelty to children,
false imprisonment, and solicitation of sodomy after he set a 17-year-old boy
on fire in Woodstock.
#12 In Washington
state, a 23-year-old woman is accused of dumping her newborn baby into a trashcan at the
hospital. When a nurse finally found the plastic bag with the baby boy
inside of it, the child was blue in the face from a lack of oxygen.
Fortunately, the baby survived the ordeal.
#13 In another
story from Washington state, a man that is being charged with producing child
porn is being allowed to watch that porn all he wants while he is in prison
because he is acting as his own lawyer and needs to have “ access to the evidence “….
So because he’s
acting as his own lawyer, he gets full access to the evidence against him.
Which means that as he prepares for trial, a private room has been set up in
the jail where Gilbert can watch the full 30-hour archives of his own child
porn collection.
#14 The National
Retail Federation says that “inventory loss” for retail stores was up 11% last year . Most of
the “inventory loss” is attributed to such things as shoplifting and employee
theft.
#15 In Minnesota
recently, a mob of teen girls brutally pummeled a mother and her two
daughters until they were black
and blue . Apparently the mob of teen girls was enraged over a pair of
missing sunglasses.
#16 One of the hot
new trends for young males is to play the “ knockout game “. In
this “game”, a group of young men picks out an innocent bystander and the first
one to knock that person out is the “winner”.
#17 Prior to 2011,
most Americans had never even heard of “ mob robberies “. Today,
they have made headline news all over the nation.
#18 In the San
Francisco area recently, fire crews and police just stood on the shore and watched as a suicidal
50-year-old man slowly drowned to death in the San Francisco Bay.
#19 Meanwhile, the
federal government continues to waste money on some of the most bizarre things
imaginable. For example, the federal government actually gave money to
the National Institutes of Health to study the effect that the size of “ a
certain part of the body ” has on the sex lives of gay men. Can anyone think
of a reason why the federal government would want to throw money away on such
frivolous studies when millions of Americans can’t even find jobs right now?
#20 Many believe
that a big reason for all of this chaos in America today is the decline of the
American family. In 1960, married couples accounted for 75 percent of all
households in America. Today, they account for just 48 percent of all
households.
Whatever your
political or religious philosophy is, hopefully you can agree that America is
in trouble. Every single day, there are more shocking revelations about
the corruption and the decay that are spreading throughout this nation.
Sadly, instead
of coming together to work on some solutions to our growing problems, Americans
are becoming more divided than ever.
The mainstream
media teaches us that our “opponents” are those that belong to political,
social or religious groups that are different from our own. They love to
divide us and play us off against each other. Everywhere you look in
America, hate is growing.
But hatred is
never the answer. Yes, we should always stand up for what we believe is
right, but we can do that and still love one another at the same time.
Unfortunately,
as America continues to come apart at the seams we are probably going to see
this country become even more divided.
United we
stand, divided we fall – you make the call America.’
Borders,
2nd Largest Chain Bookstore, Forced to Close All Stores WSJ | Borders, the
second-largest U.S. bookstore chain, said it would liquidate and close all
stores.
Too
Big To Fail?: 10 Banks Own 77 Percent Of All U.S. Banking Assets Economic
Collapse | In 2008, people were told that the largest banks in
the U.S. were “too big to fail.”
6 Steps
by the IMF for a One-World Currency Brandon Smith | The concept
of a global currency is often spoken of only with an atmosphere of caution.
Obama
struggles to get Wall Street funding Financial Times | Mr Obama’s
haul dwarfed the $34m collectively pulled in by the Republican candidates, but
he lagged in one sector – finance.
Germany
Says It’s Confident EU Will Agree on Greek Debt Plan Bloomberg | Germany said
it’s confident that European leaders will reach agreement on funding a second
Greek bailout.
18
Signs That Global Financial Markets Smell Blood In The Water The Economic
Collapse | ‘Can you smell it? There is blood in the
water. Global financial markets are in turmoil. Banking stocks are
getting slaughtered right now. European bond yields are absolutely
soaring. Major corporations are announcing huge layoffs. The entire
global financial system appears to be racing toward another major crisis.
So could we potentially see a repeat of 2008? Sadly, when the next big
financial crisis happens it might be worse than 2008. Back in the middle
of 2008, the U.S. national debt was less than 10 trillion dollars. Today
it is over 14 trillion dollars. Back in 2008, none of the countries in the EU
were on the verge of financial collapse. Today, several of them
are. This time if the global financial system starts falling apart the
big governments around the world are not going to be able to do nearly as much
to support it. That is why what is happening right now is so
alarming. As signs of weakness spread, the short sellers and the
speculators are starting to circle. They can smell the money.Back in
2008, bank stocks led the decline. Today, that appears to be happening
again. The “ too big to fail ” banks are getting absolutely
pummeled right now. Most people don’t have much sympathy for the
banksters, but if we do see a repeat of 2008 they are going to be cutting off
credit and begging for massive bailouts once again, and that would not be good
news for the economy.In Europe, the EU sovereign debt crisis just seems to
get worse by the day. Bond yields for the PIIGS are going haywire.
The higher the yields go, the worse the crisis is going to get…
The following are 18 signs that global financial markets
smell blood in the water…
#1 Banks stocks
are absolutely getting hammered right now. Bank of America hit a
52 week low on Monday. Bank of America shares declined 4
percent to $9.61. #2 So far this year, Bank of America stock is down about 27 percent . #3 Bloomberg is reporting that Bank of America may be
forced to increase its capital cushion by 50 billion dollars . #4 Shares of Goldman Sachs and Morgan Stanley are near two year lows . #5 Shares in Citigroup fell
2.5 percent on Monday. #6 Moody’s recently warned that it may be forced to
downgrade the debt ratings of Bank
of America, Citigroup and Wells Fargo . #7 Barclays Capital, Goldman Sachs, Bank of America,
JPMorgan Chase and Morgan Stanley are all either considering staff cuts or are already
laying workers off. #8 The deputy European director of the International
Monetary Fund says that the Greek debt crisis is “ on a knife’s edge “. #9 Moody’s has slashed Ireland’s bond rating all the way to junk status . #10 The yield on 2 year Portuguese bonds is now over 20 percent,
the yield on 2 year Irish bonds is now over 23 percent and the yield on 2 year
Greek bonds is now over 35 percent . #11 Shares of Italy’s largest bank dropped by a whopping 6.4% on Monday. #12 On Monday, the yield on 10 year Italian bonds was the highest it has been since the euro
was adopted. #13 On Monday, the yield on 10 year Spanish bonds was
also the highest it has been since the euro
was adopted. #14 Shares of Germany’s largest bank fell by a staggering 7% on Monday and
are down a total of 22% so far this month. #15 Citigroup’s chief economist, William Buiter, says that
without direct intervention by the ECB there
is going to be a wave of sovereign defaults across Europe…. “Nothing stands
in the way of multiple sovereign defaults except the ECB: they are the only
game in town, there is nothing else” #16 Cisco has announced plans to axe 16 percent of its workers #17 Borders Group has announced that it will be
liquidating all remaining assets . That
means that 399 stores will be closed and 10,700 workers will lose their jobs. #18 During times of great crisis, many investors seek safe
havens for their money. On Monday, the price of gold shot past $1600 an ounce …’
Ron
Paul: The Federal Reserve is Defaulting on the American People Washington’s
Blog | Politicians need to understand that without real change
default is inevitable.
National / World
David Beckham Vs The New World Order Paul Joseph Watson | Parasites like David Rockefeller and Prince Charles should do their bit
to solve overpopulation.
Mass Murder Merger: Petraeus Moves to CIA Kurt Nimmo | Petraeus will manage a darker, more secret phase of so-called war on
terror.
Alex Jones On Bohemian Grove 2011 Agenda RT | While the US is struggling to find a solution on the debt ceiling, the
country’s elite seems to be not so concerned.
Alex Jones On Bohemian Grove 2011 Agenda RT | While the US is struggling to find a solution on the debt ceiling, the
country’s elite seems to be not so concerned.
Thank You for Your
Service? Laurence M. Vance | It is without
question that Americans are in love with the military. [ Interestingly, Mr.
Vance does not seem to quibble with the bloated, self-perpetuating military
costs despite the defacto bankruptcy of the nation. Moreover, I think he cuts
them a break in not discussing that many, the ranks of which include felons,
etc., really have nothing better nor more productive to do with their time (and
learning to use ‘tools of the trade’, ie., weaponry, guns, etc., might be prospectively useful since america sports
the highest crime rates by far of the so-called developed nations, and not for
law enforcement either, although law enforcement would be a very sparce and
limited exception to the decidedly negative aspect involved here). The
foregoing said, I do not have antipathy for them; but rather only for their
current misguided mission and purpose which, of course, is out of their hands
entirely. Indeed, I even empathize with those who bought into the propaganda;
notably, ie., Pat Tillman, etc., who belatedly learned of ‘the dupe’ and was
fragged for it. In fact, I almost fell prey to the same progpaganda campaign
during the Vietnam War, having lost some friends in action there I was about to
leave my freshman year at NYU for an appointment at West Point (from the
stories I would not go over there as a grunt) which I had secured despite my
exemption; and wisely, thankfully ultimately decided against it (for reasons
beyond the scope of this writing). I think what’s telling though not mentioned
in the article is how military, the industrial complex and attendant propaganda
has succeeded (coup d’etat/JFK assassination, or defacto coup d’etat) in making
a clear negative appear positive. But, I also believe with few exceptions, it’s
the inherently criminal nature of americans generally that explains
aforementioned phenomenon as well as america’s love affair with and lore of
criminals of all stripes; viz., jesse james, billy the kid, butch cassidy and
the sundance kid, bonnie and clyde, mafia / rappers / gang members, etc.. ]
Europe
see U.S. debt crisis as a threat Washington’s deadlock increasingly
threatens to strike another blow to Europe’s ailing financial system.
(Washington Post) [ Duh! Ya think? Really, I’ve truly lost all of whatever
respect I had for europe. After all, they have wholeheartedly and with open
eyes, self-destructively jumped on board the american-crazy-train. It’s truly a
shame because the result could have been far different in the most positive
sense; yet, it’s difficult to imagine that they were too blind to see it. There
have been numerous, rational admonitions against so doing (lies, injustice, the
american way). Over-reliance upon central banks and the ‘no-recession-fed’
particularly has also played a substantial role in this global debacle. Fed
Can Manipulate Markets, But Can't Reverse Economy at
Minyanville Toby Connor Jul 11, 2011
‘I believe that we have begun the topping process of this cyclical bull market
[ in this secular bear market ]. In a healthy market an intermediate decline is
a profit-taking event after a significant leg up. It should hold well above the
prior intermediate bottom. The decline into the June low was not a
profit-taking event. The market had not rallied long enough or far enough to
warrant an intermediate correction and certainly not one that would test the
March lows. The decline in May and June was the first shot across the bow that
something was wrong with the fundamentals driving this market. http://image.minyanville.com/assets/FCK_Jan2011/Image/July11/1-spx%20new%20bearb.JPG Click to enlarge
Gloomy
consumers cast dark cloud over economy
Housing
Woes to Cause Recession in 2012, Says Gary Shilling
World
Bank chief blasts U.S. on trade Robert Zoellick launches a blunt
critique of the Obama administration’s approach. (Washington Post) [ What approach? Obfuscating, backroom deals to
get through the election while solving nothing? Credit-rating
firms loom over debt debate Despite a behind-the-scenes campaign by
the White House to keep the nation’s major credit-ratings companies from
threatening to downgrade the U.S., the firms have issued default warnings
anyway. (Washington Post) [ Call
Obama’s bluff Republicans should force him to propose real tax reform.
(Washington Post) [ Well, the first part, ‘Call obama’s bluff’; eh, what the
heck, sounds good. But, propose ‘real tax reform’. I’d say, giving him the
benefit of the doubt, Mr. Krauthammer’s somewhat uncharacteristically in
fantasy land. After all, isn’t all of this part of the pre-election year game
of ‘blind men’s bluff’. Kind of like being between the proverbial ‘Iraq and a
hard place’. I mean, where were all these pricipled partisans when it could
have counted; ie., Is a U.S. Default Inevitable? Patrick J.
Buchanan | ..bush prepared to invade Iraq in 2002..likely cost
would be $60 billion, said Mitch Daniels of the OMB..finance the war with Iraqi
oil,said Wolfowitz..the cost of the Iraq War? It has passed $1 trillion..’,
etc.. Obama
on high ground But Cantor could still bring him down. (Washington Post)
[ High ground? No such thing for ‘wobama the b’ (for b***s***)! He can run, but
can’t hide from his contraindicated (based on reality, broken campaign
promises, and consequences therefrom) record of unequivocal failure. Geithner
says hard times to continue for many
] Moody's
puts U.S. ratings on review for downgrade Europe’s
debt crisis threatens Italy Sheer size of the world’s
seventh-largest economy could thwart any international attempt to bail it out.
(Washington Post) [ Yeah, dem’ darn PIIGS.
Reminds me of that joke (I won’t repeat it here except the punch line):
‘That’s black bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many
Republicans were more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J.
Buchanan | Is America then headed for an inevitable default? As
President Bush prepared to invade Iraq in September 2002, the head of his
economic policy council, Lawrence Lindsey publicly estimated such a war could
cost $100 billion to $200 billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the marketplace.”And
the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
Though having but 5% of the world’s population, the u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Debt
and American pessimism (Washington Post) [ If it was only just debt,
there’d reason and room for hope. 16 Reasons To Feel Really Depressed About The Direction
That The Economy Is Headed The
American Dream July 7, 2011
‘If you do not want to feel really depressed, you might not want to read this
article. The U.S. economy is coming apart at the seams, and there are a
whole lot of indications that things are about to get even worse. After a
time of relative stability, the pace of job cuts is starting to pick up again,
inflation is rising but paychecks are not, the U.S. housing crisis shows no
signs of ending, millions of American families are drowning in debt and all of
the recent polls show that the faith of the American people in our economy is
eroding. As you read the statistics in this article, try to keep in mind
that there are scores of families from coast to coast that are barely surviving
from month to month. It can be a soul-crushing experience to work as hard
as you can and yet just barely be able to pay the mortgage and put food into the mouths of your
kids. The reason why so many Americans believe that we are in a
“recession” or a “depression” is because that is what they feel like they are
living through every single day. The number of Americans that are really depressed about
the direction of the economy continues to grow. At first most Americans
had expected the U.S. economy to bounce back after the recession “like it
always does”, but now hope is turning into desperation as people start
realizing that this time things are different.
Most Americans are very eager for things to go back to
normal. Unfortunately, things look like they are about to get even worse.
The following are 16 reasons to feel really depressed
about the direction of the economy….
#1 A newly
released National Federation of
Independent Business poll discovered that U.S. small businesses let go of more
workers than they hired in June. Previously, the poll had registered four
monthly gains in net jobs in a row. Some analysts believe that this may
be another indication that the employment market is getting softer once again.
#2 Another newly
released jobs report found that the number of job cuts being planned by U.S.
employers increased
by 11.6% in June .
#3 There are
fewer payroll jobs in the United States today than there were back in
2000 even though we have added 30 million people to the population since then.
#4 There are
officially 6.2 million Americans that have been
unemployed for more than 6 months. There are millions of others that have
also been out of work that long but they have become so discouraged about
looking for work that the U.S. government considers them “to no longer be in
the workforce”.
#5 It now takes
the average unemployed worker in America nearly 40 weeks to find a new
job.
#6 Paychecks are
not keeping up with inflation. In May, the average hourly wage in the
United States was 1.6 percent lower than 12 months
earlier.
#7 Food and gas
prices have been absolutely soaring over the past year. McDonald’s, Hershey and
Coca-Cola have all announced
price increases this year. One recent survey found that 9 out of 10 U.S. workers
do not expect their wages to keep up with soaring food prices and soaring
gas prices over the next 12 months.
#8 There are
disturbing indications that the business community expects the economy to slow
down even more in the months ahead. For example, pre-orders for Christmas
toys from China are way down .
#9 As of April,
there were 6.39 million home loans in the United
States that were either delinquent or in foreclosure. Included in that
were 675,000 home loans that had not had a single payment made on them in two
years.
#10 Approximately
28 percent of all home loans in the United States are currently “underwater” .
#11 Overall,
American households are about 7.7 trillion dollars poorer than they were
back in early 2007.
#12 As a
percentage of GDP, the total amount of debt in the United States is now far
higher than it ever has been in any other era of
U.S. history . Things were not even close to this bad during the
Great Depression.
#13 One of the key
measures of consumer confidence in the United States has hit a seven-month low .
#14 According to
Gallup, the percentage of Americans that lack confidence in U.S. banks is now
at an all-time high of 36% .
#15 According to
one recent poll, 39 percent of Americans believe that
the U.S. economy has now entered a “permanent decline”.
#16 Another recent
survey found that 48 percent of Americans believe that it is likely that another great Depression will begin
within the next 12 months.
So what is the United States going to look like if we do
have another major economic downturn?
If the U.S. economy continues to get worse and worse,
will what is happening in Greece eventually
start happening in this country?
Let us certainly hope that our cities do not descend into
chaos any time soon.
However, we should not just stick our heads in the sand
and pretend that everything is going to be okay.
Those of us that are aware of what is happening to the
economy should take this time to get prepared.
We should all be getting out of debt. When the
economy tanks and interest rates start to spike you don’t want a horde of
creditors hunting you down.
We should all be reducing our expenses and learning to
live on less. It is those that are “lean and mean” that will have the
best chance of making it through a major downturn successfully.
We should all be storing up emergency food and
supplies. After all, you take out insurance on all kinds of other things,
don’t you? We all need to be fully prepared just in case the worst
happens.
The truth is that most Americans are totally unprepared
for economic troubles. As the financial crisis of 2008 demonstrated, when
people lose their jobs and their wealth they will come in and take everything
away from you.
And it is not just your home that you could lose.
When you don’t have any more money left there is a chance that authorities will
take everything away from you.
For example, according to one local news report , six kids were
taken away permanently from their parents just because they were homeless and
living in a storage shed….
“You shouldn’t take our kids because we’ve fallen on hard
times,” said Prince Leonard, a married father of six whose family resides in a
northeast Houston storage shed.
The Leonards moved in three years ago after the father,
an unemployed welder, was hired as a maintenance worker.
Well, it turns
out that the storage shed actually had “an air conditioner, a refrigerator and
two personal computers”, so they were not living too terribly.
But this is
what happens to so many poor families today – “child protective services” will
come in and take their children away at the drop of a hat.
Poor people are
an easy target. They know that they are unlikely to fight back and so
thousands and thousands of young children are constantly being ripped out of
homes and never returned.
Don’t think
that it can never happen to you. It is happening all over the country.
Meanwhile, the
mainstream media continues to act like everything is just fine. As our
economy continues to be caught in a death spiral they are busy cracking jokes
and talking about celebrities.
While the
country is falling apart, the following video is an example of what passes for
news in America these days….
The sad reality of the matter is that “ the
American Dream ” is dying.
Every month more American families are slipping out of
the middle class and into poverty.
Over the past four years, the number of Americans on food
stamps has risen by 18 million. A higher percentage of Americans is
enrolled in government anti-poverty programs than ever before.
There will be millions of Americans that will not be able
to sleep tonight because they are being eaten alive by worry and fear. If the
economy does not turn around soon, there will be even more American families
that are living in their cars and eating out of dumpsters.
Our economic problems are a horrible nightmare that never
seems to end. We are literally watching the greatest economy on earth
crumble before our very eyes.
So if you feel really depressed about all this, nobody is
going to blame you.
But pulling yourself together and getting yourself and
your family prepared for the really hard times that are coming might be a
better course of action.’
Running
in the Red Part 1 | How the
U.S. detoured to massive debt.
(Washington Post) [ There’s really no mystery here. Ultimately it comes
down to the 3 r’s; viz., readin’, ‘ritin’, and ‘rithmetic. Basic math skills
are fundamental, but 2+2 hasn’t equaled 4 for quite some time in pervasively
corrupt, defacto bankrupt america. Moreover, a fundamental reality in
inherently criminal america is as coincidentally posted this day on
infowars.com with more general application, ‘Crisis And Collapse Unfortunate but Inevitable Bob Chapman | As we have
said for many years crime on Wall Street, in banking and in corporate america
pays.’ Indeed, crime does pay in america; and it pays well. Fog of war has also
been instrumental in providing grand opportunities for thieving ways while at
the same time destructive of this nation and accomplices, as well as the
nations so targeted. Parker:
Obama’s not-quite-true story (Washington Post) [ I frankly am quite surprised that Ms. Parker
chooses this of all accounts when there’s a cornucopia of lies now inseperable
from the personified fraud, barrack obama aka ‘wobama the b’ (for b***s***). Indeed, wobama’s become a shamelessly
insufferable, jive-talking liar that can only now be at best considered a
failed president. Do not feel sorry for him. He rolled the dice when contrary
to campaign promises that got him elected, he continued the contraindicated,
misguided, and prohibitively costly and quite unnecessary perma-war policies of
failed president, predecessor dumbya bush. On top of that he’s spent more yet,
even caving on the bush tax cut extensions though spending like mad. Too little, too late; he gambled, he lost.
All he had to do was what he said he was going to do. Not only would that have
been correct, but he could not have been faulted if perchance it was not. I don’t believe anything he or his
teleprompter says. I find his rhetorical speeches, jive-talking and sense of
petulant indignation intolerable. Quite simply, wobama(s) is nauseating. Drudgereport: TEMPLETON
chairman: Financial Crisis 'Around Corner'... 'WE
ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...'
Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job...
GALLUP
SHOCK: 'REPUBLICAN' BEATS OBAMA BY 8% DEM
FLASHES RACE CARD IN DEBT DEBATE... UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins
Oscar for Documentary on the unprosecuted massive extant fraud in the (many)
TRILLIONS by the frauds on wall street ( and declares with oscar in hand that
not one high level wall street exec has been prosecuted … despite ‘earning’ billions
from the fraud ) THE OBAMA DECEPTION’
http://albertpeia.com/obamadeceptionhighqualityversion.flv 'Only
THIS president has received the kind attacks and disagreements'...
BOEHNER:
HE HAS NO PLAN ... KRAUTHAMMER:
CALL THE BLUFF! McConnell:
Deal Not Possible With Obama … [ I think this shoe fits wobama ...
African-American unemployment at 16% ... (But there’s rationality in this stat
as people avoid their disgustingly uncivilized noisy rap ‘boomboxes’. Then
there’s the attitude. I truly believe from direct experience that even when
their outright aggression, assaults on persons and the senses, and otherwise
obnoxious behavior is not apposite, the personality disorder ‘passive /
aggressive’ is applicable, however indirectly expressed.) ] ... Senate
works on framework to raise debt limit As a breakthrough in bipartisan White
House talks begins to look unlikely, Senate leaders work to craft an
alternative strategy. (Washington Post) [ Sounds like a plan! Riiiiight! That
framework thing … for the spending thing … with money they don’t really have on
things they don’t really need, ie., the perma wars (that military inferiority
complex thing), etc.. Republican
leaders clash over debt-limit plan Sen. McConnell warns that default could
“destroy” the GOP brand, but Rep. Cantor rejects his proposal to break the
stalemate over raising the debt limit.
(Washington Post) [ McConnell
calls for raising debt limit in steps Senate Republican leader offers to give
President Obama new power to raise debt ceiling as a “backup plan” in case
talks collapse. (Washington Post) [ As if we didn’t ultimately see that coming;
you know, it might affect their paychecks if they didn’t … . Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many
Republicans were more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Budget
amendment plan proceeds as debt crisis eludes compromise Obama meets with top House GOP in hopes of
reaching a debt-limit agreement that could win approval. Obama
vows veto of deficit-cutting plan Klein:
Dangers of being wrong on Keynes Poll:
Little confidence in leaders to deal with issue (Washington Post) [ Well let’s not kid
ourselves since the wobama et als plan already means: IT'S
GOING TO HURT 'FOR LONG TIME TO COME' Says tiny tim geithner … thanks for the heads up tiny tim ‘God bless us everyone’! … As if we didn’t already know it / feel it!
… Stock futures, dollar falls; Moody’s warns U.S. Wed, 13 Jul 2011 Carla Mozee
(MarketWatch) — ‘U.S. stock index futures and the U.S. dollar fell Wednesday
evening after a ratings agency warned that it may cut its rating on U.S.
government debt … The Head Of The World’s Biggest Hedge Fund Sees “Economic
Collapse” Due To Money Printing By Early 2013 Zero Hedge | Dalio
believes that future inevitable money printing will “lead to a collapse in
currencies and bond markets.” The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! Suckers’ rally into the
close off lows to keep the suckers suckered.
City Council Attempts To Oulaw Free Speech And Freedom Of
Assembly Steve Watson | In Gould, Arkansas, the City Council has moved to ban
all gatherings and groups, no matter how small from discussing city matters
without prior permission from the authorities.
Whistleblower’s
Death: James Corbett on Murdoch scandal turning bloody RT | The News Of
The World phone-hacking scandal whistleblower has been found dead.
Dangerous
Levels Of Radiation Recorded In Canada As Fukushima Radiation Dangers Continue The Intel Hub | This should
be a RED ALERT to all Americans and Canadians!
Ron Paul
Road to 2012: The Tom Sulivan Show YouTube | Ron Paul is
America’s leading voice for limited, constitutional government, low taxes, free
markets, sound money, and a pro-America foreign policy.
Armed
Drones: A Diabolical Revolution in the “Art of War” Global Research
| The UK Ministry of Defence, in common with the defence policies of other
states, is increasing its development, manufacture and use of armed drones.
Israeli navy
seizes Gaza-bound yacht Reuters | The Israeli
navy Tuesday seized a French yacht carrying pro-Palestinian activists.
Bachmann criticizes black farmer settlement OMAHA, Neb. (AP) — ‘Republican presidential
candidate Michele Bachmann pointed to one program in particular Monday when
talking about wasteful government spending: a multibillion dollar settlement
paid to black farmers, who claim the federal government discriminated against
them for decades in awarding loans and other aid.
The issue came up after Bachmann and Republican Rep.
Steve King of Iowa toured flooded areas along the Missouri River. During a news
conference, they fielded a question about whether farmers affected by the
flooding also should be worried by proposed U.S. Department of Agriculture
cuts.
The two responded by criticizing a 1999 settlement in
what is known as the Pigford case, after the original plaintiff, North Carolina
farmer Timothy Pigford. Late last year, President Barack Obama signed
legislation authorizing a new, nearly $1.2 billion settlement for people who
were denied payments in the earlier one because they missed deadlines for
filing.
King has likened the Pigford settlement to
"modern-day reparations" for African-Americans. He said Monday a
large percentage of the settlement "was just paid out in fraudulent
claims" and criticized the Obama administration's plan to resolve separate
lawsuits filed by Hispanic and female farmers.
"That's another at least $1.3 billion," King
said "I'd like to apply that money to the people that are under water
right now."
Bachmann seconded King's criticism, saying, "When
money is diverted to inefficient projects, like the Pigford project, where
there seems to be proof-positive of fraud, we can't afford $2 billion in
potentially fraudulent claims when that money can be used to benefit the people
along the Mississippi River and the Missouri River."…’
Here’s some real, complicit cover-up /
fraud on the part of the federal government, et als:
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Here’s some real, complicit cover-up /
fraud on the part of the federal government, et als:
October
15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez, Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3 copies of the within DVD rom autorun disk (which will
open in your computer’s browser) as per your office’s request as made this day
(the disk and contents have been scanned by Avast, McAfee, and Norton which
I’ve installed on my computer to prevent viral attacks / infection and are
without threat). I also include 1 copy of the DVD as filed with the subject
court as referenced therein (which files are also included on the aforesaid 3
disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as
you’re aware, the RICO Act is a criminal statute which provides a civil remedy,
including treble damages and attorney fees, as an incentive for private
prosecution of said claims probably owing to the fact that the USDOJ seems
somewhat overwhelmed and in need of such assistance given the seriousness and
prevalence of said violations of law which have a corrupting influence on the
process, and which corruption is pervasive). A grievance complaint against Coan
was also filed concurrently with the subject action and held in abeyance
pending resolution of the action which was illegally dismissed without any
supporting law and in contravention of the Order of The Honorable Robert N.
Chatigny, Chief Judge, USDC, District Connecticut. The files below the
horizontal rule are the referenced documents as filed. (Owing to the damage to
the financial interests of both the U.S. and the District of Congresswoman
Roybal-Allard, viz., Los Angeles, the Qui Tam provisions
of the Federal
False Claims Act probably would apply and I would absent resolution seek to
refer the within to a firm with expertise in that area of the law with which I
am not familiar) .
The document in 5 pages under penalty of
perjury I was asked to forward to the FBI office in New Haven is probably the
best and most concise summary of the case
RICO Summary to FBI Under Penalty
of Perjury at Their Request (5 pages)
[ ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I received from the Congresswoman by way of email
attachment (apparent but typical problem with my mail) along with my response
thereto is included on the 3 disks as
fbicorrespondencereyes.htm .
With regard to the calls to the FBI’s LA and New Haven, CT offices:
There was one call to the LA office and I was referred to the Long Beach, CA
office where I personally met with FBI Agent Jeff Hayes to whom I gave
probative evidentiary documents of the money laundering which he confirmed as
indicative of same (he was transferred from said office within approximately a
month of said meeting and his location was not disclosed to me upon inquiry).
The matter was assigned to FBI Agent Ron Barndollar and we remained in touch for
in excess of a decade until he abruptly retired (our last conversation prior to
his retirement related to the case and parenthetically, Rudy Giuliani whose
father I stated had been an enforcer for the mob to which he registered
disbelief and requested I prove it, which I did – he served 12 years in prison,
aggravated assault/manslaughter? – and no, there is no Chinese wall of
separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction to the statement in said correspondence, there is a
plethora of information including evidence supporting the claims set forth in
the RICO VERIFIED COMPLAINT (see infra). Such includes and as set
forth in the case, inter alia,
A judgment
had been entered in my favor in the case, United States District Court
Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in
excess of $300,000 remains unaccounted for and which could be used for
payment to creditors, Los Angeles, etc.. Counsel
Robert Sullivan on my behalf documented by way of certification upon
investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon
which false statement he predicated a retaliatory and spurious contempt
proceeding against me causing substantial damage, and for which he sought
Judicial Notice of those and related proceedings as did I in some of my
filings. The Order
of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant
Coan’s failure to file anything whatsoever by the court’s deadline causing
creditors and me substantial damages:
[ Shiff Order of Dismissal
With Prejudice on Coan’s Failure to File Page 1 Page 2 ]Defendant
Coan had filed an action against me to prevent me from suing him which
necessitated me to fly to Connecticut for a hearing before The Honorable
Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied
Coan’s requested relief as to Coan but precluded my action against Shiff
(although there is no immunity, judicial or otherwise, for criminal acts,
ie., fraud connected with a case under Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ]Newly
appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned
the RICO case despite the conflict of interest in light of hundreds of
thousands of dollars of illegal (drug) money being laundered through the
Trump casinos by the RICO defendants, and despite my motion to recuse her
which motion she heard herself and denied, and U.S. Trustee Hugh Leonard
with whom I met personally refused to join or file a separate motion to
recuse and not long thereafter left said office for private practice at
Cole, Shotz, et als on retainer with the RICO defendants as his primary
client.
Probative
and evidentiary documents, affidavits, exhibits, including those turned
over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to
Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the
U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was
U.S. Attorney, and went over said documents and their probative value with
him. Within approximately a month thereafter upon inquiry I was told that
Jonathon Lacey was no longer with the office, that the file/documents could
not be located, and that there was no further information available
concerning contacting him or his location. I thereupon delivered by hand,
copies of said documents to the office of then U.S. Attorney Alito,
addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one
mob case he had brought, bungled, lost (accidently on purpose?) since I
was suing some mob-connected under RICO and the court (I had known /
previously met outside of court the judge Ackerman through a client) was
absolute bedlam and a total joke since incompetent corrupt Alito brought
in all 20 mob defendants (rather than prosecute one or a few to flip them
first) who feigning illness had beds/cots in the courtroom along with
their moans during testimony and had the jury in stitches. As much as I
hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe
corrupt because he is inept). After a reasonable (but still rather short)
time I called to determine the status and was told that Alito was no
longer with the Office of the U.S. Attorney, that he was (appointed) a
federal judge, and that neither the documents nor any file or record of
same could be located. Alito did parley the same / cover-up into quid pro
quo direct lifetime appointment to the Court of Appeals, 3rd circuit,
despite the absence of judicial experience or successful tenure as U.S.
Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that
now sits on the purported highest court in the land. The real application
of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety
coverage and neither LA, nor creditors, nor I should continue to have been
damaged by this brazened corrupt and illegal scenario, which should be resolved
in accordance with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5 th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but
there are unresolved problems with the line, computer connection may be the
reason but I hesitate to chance greater non-performance / worsening by their
‘fix’ so cell phone best for contact).
----------
*The foregoing and as indicated therein was previously send 9-14-10 but
delivery confirmation was flawed as set forth below and my inquiries to the
u.s. postal service rebuffed (I believe tampered with inasmuch as your office
could not locate same). This cover letter (9-13-10) is on the 3 disks with
navigable hyperlinks to the subject files for ease of reference, including the
files in the RICO action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC
Secretary, who indicates once again that your office has not received the
aforesaid and which can reasonably be presumed to have been tampered with, and
hence, a violation of the federal statute concerning same. (Ultimately
delivered by UPS) ]
Inflationistas
vs. Deflationistas: What Does CPI and PPI Tell Us? at Minyanville Jeff Harding Jul 18, 2011
‘The reason we are not seeing rapid price inflation is that money supply growth
has been rather modest considering the Fed's attempts to pump the economy full
of money and credit.
Inflationistas are probably confounded by Friday’s Consumer
Price Index report , which showed a decline of 0.2% in June. The report pins
the decline, the first since June 2010, on falling energy costs. As a large
component of CPI it:
...declined 4.4 percent in June, the
largest decline since December 2008. The gasoline index, which fell 2.0 percent
in May, declined 6.8 percent in June. (Before seasonal adjustment, gasoline
prices fell 5.8 percent in June.) Despite the recent declines, the gasoline
index has increased 35.6 percent over the past 12 months.
On the other
hand, the deflationists are probably using the data to confirm their belief that we
are in a deflationary trend. price inflation, all items less food
and energy, was still +0.3%, and up 1.6% for the year. The broad CPI-U was up
3.4% for the year. Core was up 0.03% for the second month, the biggest back-to-back gain in two years.
[E]nergy dropped 4.4 percent, following
a 1.0 percent decline. Gasoline fell 6.8 percent after decreasing 2.0 percent
in May. Within the core new vehicles increased 0.6 percent, used cars and trucks jumped 1.6
percent, and apparel increased 1.4 percent in June. And owners’ equivalent rent
is no longer as soft as in recent months, rising 0.2 percent.
http://image.minyanville.com/assets/FCK_Jan2011/Image/July11/jh7181.JPG http://image.minyanville.com/assets/FCK_Jan2011/Image/July11/jh7182.JPG TMS2 -- green line) exploded post-Crash until January 2010
and dropped like a rock until late 2010 when it started growing again. See
this chart from Michael Pollaro which I have amended with the dates of
QE1 and QE2: http://image.minyanville.com/assets/FCK_Jan2011/Image/July11/jh7183.JPG businesses from expanding
as the economy remains in the doldrums. Thus more monetary steroids loses its
efficacy as this process continues.
Inflation
is a monetary phenomenon, and price inflation is a result of it. Price
inflation is caused by an expansion of the money supply. There is
no such thing as demand-pull price inflation, and we cannot have price
inflation because capacity utilization of factories is low. In order
for prices to really take off, money supply needs to take off. We have
had a roller coaster of monetary stimulus through QE, causing significant
gyrations in money supply. QE
(helicoptering money into Wall Street) has a lesser impact on money supply
than bank money and credit expansion. It works, it just doesn’t have the
multiplier bang for your buck. Money
supply growth has been historically lower as compared to prior inflations
that expanded through bank credit (see 2001 on the chart above). The
monetary impact of QE2 is not done yet, but it will have a shorter impact
on money supply than QE1. CPI prices
are increasing modestly. The producer price index ( PPI ) is showing much higher price increases and this is
starting to squeeze wholesalers and retailers. They will attempt to raise
prices. A question
arises as to whether or not price increases will be accepted by consumers
since wage growth has been flat. I believe increases will be rejected by
consumers who will further restrict consumption in response. Or, retailers
will swallow the difference, see profits squeezed, and either way the
economy will be harmed from monetary expansion. Ultimately
the CPI will rise further, especially if the Fed does QE3, which I believe
will happen. Flat-to-declining growth will put pressure on the Fed to act.
A low CPI (or PCE) and stagnating employment will encourage the Fed to do
QE3 to revive a moribund economy. That will
lead to continued stagnation. The key to
recovery will be the liquidation of malinvestment and its related debt. It
is happening, but the process is slow and more money pumping will only
slow it down further. Stagflation.
Editor's Note: This article was originally published at The
Daily Capitalist .’
Litany
of Woes Sparks Renewed Bearish S&P ETF Options Trades at Forbes
Paul B. Farrell: 7 reasons U.S. needs a Good Depression now By Paul
B. Farrell , MarketWatch SAN
LUIS OBISPO, Calif. (MarketWatch) — ‘No, do not raise the debt-ceiling. You
heard me: Block the debt ceiling vote. Don’t raise it. America’s
out-of-control. A debt addict. Time to detox. Deal with the collateral damage
before it’s too late.
We need to fix America’s looming credit
default, failing economy and our screwed-up banking system. Now, with a Good
Depression. If we just kick the can down the road one more time, we’ll be
trapped into repeating our 1930’s tragedy, a second Great Depression.
Barton Biggs:
U.S. needs massive public works program The U.S. needs
to invest in a massive public works program, and rich people and corporations
should pay more taxes. Barton Biggs, of Traxis Partners, shares his views with
the Simon Constable.
Yes, depression. Spelled: d-e-p-r-e-s-s-i-o-n.
Wake up America, recessions do not work. Won’t work in the future. Remember
that 30-month recession after the dot-com crash? Didn’t work. Why? Because in
the decade since that 2000 peak, Wall Street’s lost an inflation–adjusted 20%
of America’s retirement money.
And what about the so-called Great
Recession of the 2008 credit meltdown? Didn’t work either. In fact, made
matters worse: Wall Street got richer by stealing from the other 98% of
Americans, the middle class, the poor. And now their conservative puppets in
Washington want to make matters worse, widening the wealth gap further to
benefit the Super Rich.
Seems nobody really gives a damn about
our great nation any more. America’s now a capitalists anarchy: “Every (rich)
man for himself.” Proxy battles are fought by high-priced lobbyists in a broken
political system. America needs a 21-gun wake-up call. Yes, that’s why America
needs a Good Depression. The economy’s bad now. But kicking the can down the
road again will make matters much worse later.
America’s
leaders lost their moral compass, lack a public conscience This is not our first call for a Good
Depression. As early as 2005 we began reporting on excessive debt. In November
2007 we warned of a crash dead ahead. The subprime credit meltdown had been
accelerating for many months, although for a year our leaders kept misleading
Americans: Fed Chairman Ben Bernanke’s “it’s under control.” Treasury Secretary
Henry Paulson’s delusional “best economy I’ve ever seen in my lifetime.”
In August 2008 came the original of our
seven reasons why America needs a Good Depression. Yes August, just two months
before Wall Street banks collapsed into de facto bankruptcy, after many
warnings predicting a crisis. This was no Black Swan. In September 2008 we reported
on Naomi Klein, author of “Shock Doctrine: The Rise of Disaster Capitalism,”
warning of Wall Street’s insidious plan to take over America:
“Nobody should believe the overblown
claims that the market crisis signals the death of ‘free market’ ideology.”
Then as the meltdown went nuclear, Klein warned: “Free market ideology has
always been a servant to the interests of capital, and its presence ebbs and
flows depending on its usefulness to those interests. During boom times, it’s
profitable to preach laissez faire, because an absentee government allows
speculative bubbles to inflate.”
But “when those bubbles burst, the
ideology becomes a hindrance, and it goes dormant while big government rides to
the rescue. But rest assured,” she predicted, Reaganomics “ideology will come
roaring back when the bailouts are done. The massive debts the public is
accumulating to bail out the speculators will then become part of a global
budget crisis that will be the rationalization for deep cuts to social
programs, and for a renewed push to privatize.”
Totally
predictable: No Black Swans in 2000, 2008 … nor in 2012 Yes, all was predictable: The events of
the past few years were well known in advance. In fact, the events of the
entire decade were predictable. The rich got richer off the backs of the middle
class and the poor. Why? “There’s class warfare all right,” warns Warren
Buffett. “But it’s my class, the rich class, that’s making war, and we’re
winning.”
And they are also blind and deaf to the
havoc their free-market Reaganomics policies are creating, selfishly
undermining America, the world’s greatest economic power.
Lessons learned? Zero. Why? Wall Street,
Washington and Corporate America are focused on one narrow-minded short-term
strategy: Economic g-r-o-w-t-h, bull markets, megabonuses, tax cuts. In good
times they tout “free markets.” But when greed bombs, they throw free-market
“principles” under the Reagan Revolution bus and unleash their mercenary
lobbyists to go whining to Congress for huge taxpayer bailouts and access at
the Fed discount window, to siphon off more taxpayer money. And they’ll do it
again soon,
Wall Street and their cronies are doing
such a miserable job, America needs a new strategy: First, stop “kicking the
can down the road.” Let a good old-fashioned Good Depression do the job that
our hapless, happy-talking leaders refuse to do. Take our medicine. Let a new
depression clean house and reawaken Americans to core values.
Trust me folks, it’s either a Good
Depression now … or a Great Depression 2. Here are seven reasons favoring the
do-it-now strategy:
1: Capitalism’s
now a lethal soul sickness, needs a reawakening What’s the real problem? Not the
economy, not markets, nor even politics. Yes, our economic pains are real. But
they’re just symptoms. Something’s structural wrong. Since 2000 endless bad
news: Greed, deceit, stupidity, corruption, unethical behavior, lack of moral
conscience.
The real problem’s deep in our
character, the “mutant capitalism” Jack Bogle warned of in “The Battle for the
Soul of Capitalism.” Sadly, that battle was lost. With it we lost our soul, our
moral compass. America’s character is measured by our net worth.
2. We’re
already in the early stages of a Great Depression Comparing today with the Great
Depression is common sport. In a Newsweek special “Seeing Shades of the 1930s,”
Dan Gross wrote: “Wall Street, after two terms of a business-friendly
Republican president, self-immolated on a pyre of greed, incompetence and
excessive optimism.” Today’s “new normal” economy means high unemployment for
years, inflation driving prices, rising interest rates, more debt, chaos.
We are destroying ourselves from within.
Former U.S. Comptroller General David Walker warns that “there are striking
similarities between America’s current situation and that of another great
power from the past: Rome.” Three reasons “worth remembering: declining moral
values and political civility at home, an overconfident and overextended
military in foreign lands, and fiscal irresponsibility by the central
government.” We are becoming more vulnerable to external enemies.
3. Good
Depression exposes our self-destruct bubble-thinking Before the 2008 crash, “Irrational
Exuberance” author Robert Shiller warned in the Atlantic magazine that “bubbles
are primarily social phenomena. Until we understand and address the psychology
that fuels them, they’re going to keep forming.” Housing inflated 85% in the
decade: “Historically unprecedented … no rational basis for it.”
Bubble thinking is an toxic virus that
infected everyone. Shiller warns of another coming: “We recently lived through
two epidemics of excessive financial optimism … we are close to a third
episode.”
4. Good
Depression will stir outrage, force real reforms Writing in the Wall Street Journal, Jim
Grant, editor of the Interest Rate Observer, wrote: “Why No Outrage? Through
history, outrageous financial behavior has been met with outrage. But today
Wall Street’s damaging recklessness has been met with near-silence, from a too
tolerant populace.” Grant worries that Wall Street will run “itself and the
rest of the American financial system right over a cliff.”
But we only went to the edge in 2008.
Today, a rebellious “throw the bums out” hostility is blowing a new kind of
bubble: Three years ago we did not have Tea Party, union fights, the Arab
Spring and Greek austerity riots, all signs of an dark angry future sweeping
across America.
5. Good
Depression forces Wall Street to think outside the box In a powerful Bloomberg Markets feature,
“No Easy Fix,” we’re told Wall Street’s “profit formula has hit a wall.” Their
“money-making machine is broken and efforts to repair it after the biggest
losses in history are likely to undermine profits.”
Even Mad Money’s Jim Cramer openly
admits hedge fund managers are pocketing megaprofits at capital gains rates
while laughing at the stupidity of a broken political system that gives
hundreds of billions in tax breaks to the richest, then takes taxes off the
table as our middle class is dying under massive unsustainable deficits. Soon
angry mobs will “fix” Wall Street.
6. Good
Depression will deflate America’s warring soul The American economy is a “war economy”
driven by a egomaniac. I saw it firsthand as a U.S. Marine. Americans love
being king of the hill, world’s cop, the global superpower. Why else spend 54%
of our tax dollars on a war machine, 47% of the world’s total military budgets.
Why? Our war machine generates such
“spectacular profits that many people around the world” are convinced America’s
“rich and powerful must be deliberately causing catastrophes so that they can
exploit them,” warns Klein in “Shock Doctrine.” No wonder the GOP takes
military spending, like tax cuts for the rich, off-the-table: The war industry
is a major political donor.
7. Good
Depression now … avoids a far bigger depression later In “The Price of Liberty: Paying for
America’s Wars,” Robert Hormats, undersecretary of state and a former Goldman
Sachs vice chairman, traces America’s wartime financing from the Revolutionary
War to present wars. He warns that today we’re “relying on faith over
experience, hoping that sustained growth will erase deficits and that the
ballooning costs of Social Security, Medicare and Medicaid will be manageable
in the coming decades without difficult reforms.”
Absent a brutal reset, we are on a
historically predictable course says Kevin Phillips, Nixon strategist and
author of “Wealth & Democracy:” “Most great nations, at the peak of their
economic power, become arrogant and wage great world wars at great cost,
wasting vast resources, taking on huge debt, and ultimately burning themselves
out.” Yes, burned out, unprepared.
So pray for a Good Depression earlier
rather than later. Choose now and we can be prepared for whatever comes. Or a
Great Depression will hit later, when we’re least prepared, the problems
bigger, our faith weaker … don’t raise the debt ceiling.’
Our
Debt Binge Is Ending — And The Middle Class Will Get Clobbered
Fed
Can Manipulate Markets, But Can't Reverse Economy at Minyanville Toby Connor Jul 11, 2011
‘I believe that we have begun the topping process of this cyclical bull market
[ in this secular bear market ]. In a healthy market an intermediate decline is
a profit-taking event after a significant leg up. It should hold well above the
prior intermediate bottom. The decline into the June low was not a
profit-taking event. The market had not rallied long enough or far enough to
warrant an intermediate correction and certainly not one that would test the
March lows. The decline in May and June was the first shot across the bow that
something was wrong with the fundamentals driving this market. http://image.minyanville.com/assets/FCK_Jan2011/Image/July11/1-spx%20new%20bearb.JPG Click to enlarge
Gloomy consumers cast dark cloud over economy
Housing
Woes to Cause Recession in 2012, Says Gary Shilling - Peter
Gorenstein ‘ Stocks rallied Wednesday after Federal
Reserve Chairman Ben Bernanke suggested the central bank would go
ahead with another round of stimulus -- aka quantitative easing -- if the
economy continues to slump. In this scenario, the Federal Reserve would once
again purchase assets to keep interest rates low in an attempt to support the
economy and prop up asset prices.
So far, the Fed's actions have done more good for asset
prices like stocks (see: S&P 500 chart since 2009) while doing less to help
the economy (see:
June jobs report ). U.S. gross domestic product grew just 1.9% in the
first quarter of the year. For 2011 as a whole, the Fed forecasts U.S. GDP
growing at 2.7% to 2.9%, which is lower than the plus 3% forecast they made in
April.
Today's guest, Gary Shilling, President of A. Gary
Shilling & Co. and author of the Age
of Deleveraging says another recession is brewing -- no matter what
action the Fed takes. "Economic growth here and abroad is slipping, making
a 2012 recession a distinct possibility," he writes in his July
newsletter. And, "when you have slow growth it doesn't take much of a
shock to throw you in negative territory."
Shilling says the shock to trigger the next recess is
"another big leg-down in housing." (An asset class the Fed has not
been able to reflate.) As those familiar with Shilling know, his forecasts are
generally bearish. However, in his defense, Shilling was one of the few
economists who correctly predicted the dangers of the subprime mortgage market
and its impact on the broader economy.
The problem with the real estate market remains excess
inventory. Based on Shilling's research, there are 2 million to 2.5 million
excess homes in the country -- a supply that will take 4-5 years to work-off.
The result: Housing prices will fall another 20% and underwater mortgages will
balloon from 23% to 40%, he says.
With housing slumping again, Shilling says recession is
coming to a town near you in 2012.’
Investors
Move Money Out of Blue Chips at Forbes
Top 3 Reasons Markets Were Down on Debt Fears and Banks Wall St. Cheat Sheet July 18, 2011 ‘Markets
closed down on Wall Street today: Dow -0.74% , S&P -0.81% , Nasdaq -0.89% ,
Oil -1.35% , Gold +1.04% .
On the commodities front, Oil made a reversal,
dropping to $95.93, while precious metals continued to gain, with Gold up to
$1,606.70 an ounce and Silver up 3.49% to $40.44 an ounce..
Today’s markets were down because:
1) Same old, same old. Lately, whenever stocks are down, it
has something to do with the sovereign debt crisis, whether it’s Greece, Italy
, Ireland, or the U.S. And today it’s everybody. Lawmakers continue their game
of chicken with just two weeks until a deal must be reached, while European
leaders still haven’t decided on the role of private investors in a new Greek
aid package and Italy’s bond yields continue to skyrocket. And last week’s bank
stress tests failed to have much of an impact on fears as analysts are
saying that they were too lenient and didn’t accurately test bank preparedness
for Greek default.
2) Banks. Nothing pulls down the markets like the
nation’s biggest banks . When they’re having a bad day, everyone’s having a bad
day, and Bank of America was leading sector losses, dropping 2.50%. Wells Fargo
, Citibank , Deutsche Bank , and Morgan Stanley were all down more than a percent.
With all 10 S&P sectors down, financials were by far the worst, helping
NYSE decliners outnumber gainers four-to-one. While declines might be explained
by general wariness among investors worried about the economy, it might also
have something to do with the looming uncertainty
surrounding the Dodd-Frank Act and how strictly it will regulate banks
and thus hinder profitability.
3) The Murdoch Effect. The non-stop
bad press machine that is News Corp. has seen its shares drop off nearly 18%
since news of its phone-hacking scandal broke. The stock has fallen 4.32% just
today, and the bad juju seems to be wearing off on other media giants. Comcast
, CBS , Disney are all well into the red today, and even Time Warner shares are
down, despite having record-breaking box office giant — Harry Potter
and the Deathly Hallows 2 – taking in revenue for the media
conglomerate…’
Will
the U.S. Default Before Greece? – Zacks
Final
top 10 leaders in option volume optionMONSTER ‘…The SPDR S&P 500 Fund (NYSEArca:SPY ) was down just shy of 1 percent
as 2.13 million options contracts traded. The S&P 500 Index (TSXV: SPX.V ) options were
third on the top 10 volume list with 736,000 options. The CBOE Volatility Index
was up by 7.6 percent on the day with 493,000 contracts. BAC ) heads into
earnings down 2.8 percent with 859,000 options changing hands. Apple (NasdaqGS: AAPL ) was fifth on the list with
587,000 as it finished the day higher by 2.4 percent. Citigroup (NYSE: C ) remained in the 10th spot with
348,000. IWM ) had 639,000 options traded. The
SPDR Financial Fund (NYSEArca: XLF ) regained
ground and finished the day down 1.35 percent with 400,000. The PowerShares QQQ
Trust (NasdaqGM: QQQ ) had 337,000. SLV ) was up by 3.22 percent. It saw
338,000 options change hands on the day, with calls outnumbering puts more than
3 to 1 http://www.optionmonster.com/cms/commentary/images/TMfinalvolumes71811.png …’
Gold
& Silver Surge As Debt Woes, China Demand Keep Growing - at
Barrons.com
Confirmed:
Federal Reserve Policy is Killing Lending, Employment and the Economy Washington’s
Blog | The Federal Reserve has been intentionally discouraged
banks from lending to Main Street – in a misguided attempt to curb inflation.
“They’re
Going to Cut Back the Bone and They’re Going to Keep the Fat…” Washington’s
Blog | They’re Going to Try to Panic the Population into
Acquiescing in a Democratic Party Sellout by Cutting Back Payments to the
People.
Treasury
To Stop Funding Its Market Manipulation Fund To Delay US Bankruptcy Tyler Durden | Tim Geithner
was just forced to resort to the final debt ceiling extension measure.
Gold
And Silver Likely To Go Parabolic Due To ‘Global Shockwaves’ If U.S. Defaults Zero Hedge | Gold is some
0.5% lower against the U.S. dollar and most currencies today but is higher in
Australian dollars as the Aussie fell on Australian and global economic growth
concerns.
Obama
nominates consumer finance chief UPI | Ohio
Attorney General Richard Cordray will be nominated to head the new Consumer
Financial Protection Bureau.
Return
of the Gold Standard as world order unravels London
Telegraph | The eurozone debt crisis has spread to the countries
that may be too big to save.
Why
Banks Aren’t Lending: The Silent Liquidity Squeeze Truthout | Where did
all the jobs go?
We Have Forgotten
What the Ancient Sumerians and Babylonians, the Early Jews and Christians, the
Founding Fathers and Even Napolean Bonaparte Knew About Money Washington’s
Blog | Mike “Mish” Shedlock has repeatedly pointed out that we
have reached “peak credit” – and there will not in our lifetimes be as much
credit as we saw from 2000-2008.
Obama’s
Proposal: Increase Debt Extra $26B This Year, $83B Next Year, $2.7T Over Decade CNS News | In short, the
only budget proposal Obama has put forward this year for the public to review
and analyze puts the federal government on a path to eventual bankruptcy.
Too
Big To Fail?: 10 Banks Own 77 Percent Of All U.S. Banking Assets Economic
Collapse | In 2008, people were told that the largest banks in
the U.S. were “too big to fail.”
6 Steps
by the IMF for a One-World Currency Brandon Smith | The concept
of a global currency is often spoken of only with an atmosphere of caution.
Parker:
Obama’s not-quite-true story (Washington Post) [ I frankly am quite surprised that Ms. Parker
chooses this of all accounts when there’s a cornucopia of lies now inseperable
from the personified fraud, barrack obama aka ‘wobama the b’ (for b***s***). Indeed, wobama’s become a shamelessly
insufferable, jive-talking liar that can only now be at best considered a
failed president. Do not feel sorry for him. He rolled the dice when contrary
to campaign promises that got him elected, he continued the contraindicated,
misguided, and prohibitively costly and quite unnecessary perma-war policies of
failed president, predecessor dumbya bush. On top of that he’s spent more yet,
even caving on the bush tax cut extensions though spending like mad. Too little, too late; he gambled, he lost.
All he had to do was what he said he was going to do. Not only would that have
been correct, but he could not have been faulted if perchance it was not. I don’t believe anything he or his
teleprompter says. I find his rhetorical speeches, jive-talking and sense of
petulant indignation intolerable. Quite simply, wobama(s) is nauseating. Drudgereport: TEMPLETON chairman: Financial
Crisis 'Around Corner'... 'WE ARE ON THE VERGE OF A
GREAT, GREAT DEPRESSION...'
Obama Economists Admit:
'Stimulus' Cost $278,000 per Job...
GALLUP SHOCK: 'REPUBLICAN'
BEATS OBAMA BY 8% DEM FLASHES RACE CARD IN DEBT
DEBATE... UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins
Oscar for Documentary on the unprosecuted massive extant fraud in the (many)
TRILLIONS by the frauds on wall street ( and declares with oscar in hand that
not one high level wall street exec has been prosecuted … despite ‘earning’
billions from the fraud ) THE OBAMA DECEPTION’
http://albertpeia.com/obamadeceptionhighqualityversion.flv 'Only THIS president has
received the kind attacks and disagreements'...
BOEHNER: HE HAS NO PLAN ... KRAUTHAMMER: CALL THE BLUFF! McConnell: Deal Not Possible
With Obama … [ I think this shoe fits wobama ... African-American unemployment
at 16% ... (But there’s rationality in this stat as people avoid their
disgustingly uncivilized noisy rap ‘boomboxes’. Then there’s the attitude. I
truly believe from direct experience that even when their outright aggression,
assaults on persons and the senses, and otherwise obnoxious behavior is not
apposite, the personality disorder ‘passive / aggressive’ is applicable,
however indirectly expressed.) ] ... Senate
works on framework to raise debt limit As a breakthrough in bipartisan White
House talks begins to look unlikely, Senate leaders work to craft an
alternative strategy. (Washington Post) [ Sounds like a plan! Riiiiight! That
framework thing … for the spending thing … with money they don’t really have on
things they don’t really need, ie., the perma wars (that military inferiority
complex thing), etc.. Republican
leaders clash over debt-limit plan Sen. McConnell warns that default could
“destroy” the GOP brand, but Rep. Cantor rejects his proposal to break the
stalemate over raising the debt limit.
(Washington Post) [ McConnell
calls for raising debt limit in steps Senate Republican leader offers to give
President Obama new power to raise debt ceiling as a “backup plan” in case
talks collapse. (Washington Post) [ As if we didn’t ultimately see that coming;
you know, it might affect their paychecks if they didn’t … . Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many
Republicans were more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Bond
investors not scared away As the clock on debt talks runs out, investors who lend
money to the U.S. government are playing it cool. (Washington Post) [ Playing
it cool, or playing the fool? I say the latter because some very smart money
thinks quite the contrary regardless of any debt-ceiling deal, etc. … Report:
Pimco's Gross Sells All US Treasury Holdings Mar
9, 2011 – Bill Gross, who runs the world's biggest
bond fund at Pacific Investment Management ...
Report: Pimco's Gross Sells All US
Treasury Holdings ... Mohamed A. El-Erian confirmed the move! Fed
Can Manipulate Markets, But Can't Reverse Economy at
Minyanville Toby Connor Jul 11, 2011
‘I believe that we have begun the topping process of this cyclical bull market
[ in this secular bear market ]. In a healthy market an intermediate decline is
a profit-taking event after a significant leg up. It should hold well above the
prior intermediate bottom. The decline into the June low was not a
profit-taking event. The market had not rallied long enough or far enough to
warrant an intermediate correction and certainly not one that would test the
March lows. The decline in May and June was the first shot across the bow that
something was wrong with the fundamentals driving this market. http://image.minyanville.com/assets/FCK_Jan2011/Image/July11/1-spx%20new%20bearb.JPG Click to enlarge
Gloomy
consumers cast dark cloud over economy
Housing
Woes to Cause Recession in 2012, Says Gary Shilling - Peter
Gorenstein ‘ Stocks rallied Wednesday after Federal
Reserve Chairman Ben Bernanke suggested the central bank would go
ahead with another round of stimulus -- aka quantitative easing -- if the
economy continues to slump. In this scenario, the Federal Reserve would once
again purchase assets to keep interest rates low in an attempt to support the
economy and prop up asset prices.
So far, the Fed's actions have done more good for asset
prices like stocks (see: S&P 500 chart since 2009) while doing less to help
the economy (see:
June jobs report ). U.S. gross domestic product grew just 1.9% in the
first quarter of the year. For 2011 as a whole, the Fed forecasts U.S. GDP
growing at 2.7% to 2.9%, which is lower than the plus 3% forecast they made in
April.
Today's guest, Gary Shilling, President of A. Gary
Shilling & Co. and author of the Age
of Deleveraging says another recession is brewing -- no matter what
action the Fed takes. "Economic growth here and abroad is slipping, making
a 2012 recession a distinct possibility," he writes in his July
newsletter. And, "when you have slow growth it doesn't take much of a
shock to throw you in negative territory."
Shilling says the shock to trigger the next recess is
"another big leg-down in housing." (An asset class the Fed has not
been able to reflate.) As those familiar with Shilling know, his forecasts are
generally bearish. However, in his defense, Shilling was one of the few
economists who correctly predicted the dangers of the subprime mortgage market
and its impact on the broader economy.
The problem with the real estate market remains excess
inventory. Based on Shilling's research, there are 2 million to 2.5 million
excess homes in the country -- a supply that will take 4-5 years to work-off.
The result: Housing prices will fall another 20% and underwater mortgages will
balloon from 23% to 40%, he says.
Europe’s
banks at risk, study finds Regulators find a system dependent on government support
and in need of better preparation. (Washington Post) [ Europe’s banks at risk …
they needed a study to discern that? How ‘bout Europe, the EU, the euro are at
risk; and, we don’t need a study to discern that fact. Foolishly
At The Brink! at Forbes Sy
Harding ‘Governments around the world are struggling with record debt. The debt
crisis in Europe and the struggle in Washington to raise the U.S. debt ceiling
are in the news every day.
As the original debt crisis in Europe migrated from
Greece to Ireland, to Portugal, to Italy over the last 18 months a commonality
became obvious. Opposing government parties in each country fought over the
methods to tackle the problem until each crisis reached the brink of default on
the country’s debt, and confidence in its economy was in shambles.
Over the past week it’s been Italy’s turn. The third
largest economy in Europe and deemed to be too large to bail out, Italy’s
government has been debating angrily for months about how best to handle its
growing debt crisis. It was only after the bottom fell out of Greece’s stock
and bond markets early this week that the wrangling Greek parliament panicked
and quickly ‘fast-tracked’ an agreement on austerity measures to at least
postpone the crisis for awhile.
For 18 months now global stock, bond, and currency
markets have been roiled each time the European debt crisis popped up again.
And each time, euro-zone finance ministers and politicians took action only
when the markets forced them to do so.
Is the U.S. now in its Greek-Italian phase? Will it take
a U.S. market meltdown to convince Washington of the seriousness of the
situation?
Here we are, after months of squabbling, with the
drop-dead date of August 2 for raising the debt ceiling only two weeks away.
This week both Moody’s and Standard & Poor’s put U.S. debt on ‘credit
watch’ for a possible down-grade from its coveted triple-A credit rating, due
to the lack of progress in Washington. If it were to take place it would be the
first downgrade of U.S. debt since ratings began in 1917.
The most likely scenario is a last-minute, cobbled
together agreement that neither side likes, which could be announced at any
time, perhaps even by the time you read this.
However, the risk of a downgrade is there. Standard &
Poor’s puts the odds at 50%.
As Bloomberg News puts it, “Both the Republicans wanting
to replace President Obama, and Democrats seeking the best way to re-elect him,
have emerged as obstacles to agreement on raising the government’s debt limit.
Republican presidential candidates and Democratic activists alike are using the
debate to sharpen their political messages and appeal to core voters. . . both
parties set in concrete on what they believe their base has to have.”
Damage has already been done, by creating a global
impression that the world’s largest economy, which professes to still be a
shining example for the rest of the world, is as inept as the most backward
banana-republic in dealing with problems in a rational way.
It’s particularly frustrating with the economic recovery
stalling again, to see Washington still so selfishly playing party politics,
taking the country’s future so close to the brink of the unknown. Experts
around the world are warning that the consequences of even a brief ‘technical
default’ by the U.S. are dangerously unknown, and at the least could seriously
affect confidence in U.S. debt and the dollar for some time to come.
Meanwhile, the Federal Reserve and Wall Street are
assuring us that the economic slowdown in the first half of the year was
temporary, that the current quarter and second half will see a robust recovery.
But the economic reports continue to get worse, and the
conditions causing the worsening numbers continue to deteriorate. Last week’s
terrible jobs report for June should have left no doubt that the slowdown will
continue this month. And the reports released this week confirm that trend. The
National Federation of Independent Businesses reported that its Small Business
Confidence Index fell to 90.8 in June, which the NFIB says is “solidly in
recession territory”. On Friday, the University of Michigan’s closely watched
Consumer Sentiment Index was released and plunged from 71.5 in June to 63.8
this month, its lowest level in more than two years.
Since consumer spending accounts for 80% of the economy,
that continuing decline in consumer confidence alone is a scary trend, and it
will not be helped by Washington carrying the country to the brink of the first
ever downgrade of its credit rating.
I’ve been predicting a significant stock market
correction this summer, not a bear market, but a decline of 18% or so on the
S&P 500 that will force the Fed to come in with some type of QE3 stimulus
in the fall, which in turn will create the typical positive market in the
market’s favorable season next winter.
But I assumed a timely agreement on raising the debt
ceiling, and have not factored in the unknown additional negative if the
dangerous foolishness in Washington continues to the brink or beyond.
Let’s hope some sense of the reality comes into the
situation quickly.
In the interest of full disclosure, I and my subscribers
took our previous profits from bonds and our downside positions against the
stock market when the recent snap-back rally began, but have repositioned for a
resumption of the correction, with initial positions in the iShares 20-year
bond etf, symbol TLT, the ProShares Short S&P 500 etf, symbol SH, and the
ProShares Short Russell 2000 etf, symbol RWM.’
World
Bank chief blames Barack Obama for Doha trade talks deadlock Larry Elliott | Zoellick blamed
Obama for deadlock in global trade talks.
Gold
soars above $1,600 per ounce for first time AFP | The precious
metal extended its recent record-breaking surge which began on Friday.
Were America’s
Assets Looted Years Ago? Washington’s Blog | Forbes’
Merrill Matthews argues that the multi-trillion dollar social security trust
fund was looted years ago.
National / World
Debt
Ceiling Drama Ron Paul | We need to
stop allowing secretive banking cartels to endlessly enslave us through
monetary policy trickery.
News of the World phone-hacking whistleblower found dead London Guardian | Death of Sean Hoare – first to allege Andy Coulson knew of hacking –
not being treated as suspicious.
Gold
Breaks Record Kurt Nimmo | Analysts
believe the yellow metal may reach $5,000 an ounce by 2020.
Two Examples of Fascism Run by Banks Ethan Jacobs | The largest banks must be boycotted and the Federal Reserve System
abolished.
Social Media Targeted by Pentagon for “Strategic
Communication” Daniel Taylor | The
Pentagon, which developed the internet to begin with, is engaging in full scale
memetic enginnering in the digital world.
Default ‘Off the Table,’ Debt Deal Will Be Struck:
Geithner CNBC.com | Treasury Secretary Tim Geithner told CNBC Monday that
he is certain that congressional leaders will strike a deal to raise the
federal debt ceiling.
Moody’s suggests U.S. eliminate debt ceiling Reuters | Ratings agency Moody’s on Monday suggested the United States should
eliminate its statutory limit on government debt
Bohemian Grove 2011 Cremation Of Care Interviews YouTube | Footage shot from outside the secretive elite gathering at the Bohemian
Grove, currently ongoing in Monte Rio, California.
Ventura Threatens To Vacate US Over TSA Groping Paul Joseph Watson | Former Governor considering obtaining Mexican citizenship, vows never
to fly again in America if lawsuit struck down.
Ron Paul expands TV ad campaign to Nevada Raw Story | Ron Paul (R-TX) is expanding his TV advertising campaign in early caucus
and primary states.
Crisis And Collapse Unfortunate but Inevitable Bob Chapman | As we have said for many years crime on Wall Street, in banking and in
corporate America pays.
Credit-rating
firms loom over debt debate Despite a behind-the-scenes campaign by
the White House to keep the nation’s major credit-ratings companies from
threatening to downgrade the U.S., the firms have issued default warnings
anyway. (Washington Post) [ Call
Obama’s bluff Republicans should force him to propose real tax reform.
(Washington Post) [ Well, the first part, ‘Call obama’s bluff’; eh, what the
heck, sounds good. But, propose ‘real tax reform’. I’d say, giving him the
benefit of the doubt, Mr. Krauthammer’s somewhat uncharacteristically in
fantasy land. After all, isn’t all of this part of the pre-election year game
of ‘blind men’s bluff’. Kind of like being between the proverbial ‘Iraq and a
hard place’. I mean, where were all these pricipled partisans when it could
have counted; ie., Is a U.S. Default Inevitable? Patrick J.
Buchanan | ..bush prepared to invade Iraq in 2002..likely cost
would be $60 billion, said Mitch Daniels of the OMB..finance the war with Iraqi
oil,said Wolfowitz..the cost of the Iraq War? It has passed $1 trillion..’,
etc.. Obama
on high ground But Cantor could still bring him down. (Washington Post)
[ High ground? No such thing for ‘wobama the b’ (for b***s***)! He can run, but
can’t hide from his contraindicated (based on reality, broken campaign
promises, and consequences therefrom) record of unequivocal failure. Geithner
says hard times to continue for many
] Moody's
puts U.S. ratings on review for downgrade Europe’s
debt crisis threatens Italy Sheer size of the world’s
seventh-largest economy could thwart any international attempt to bail it out.
(Washington Post) [ Yeah, dem’ darn PIIGS.
Reminds me of that joke (I won’t repeat it here except the punch line):
‘That’s black bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many
Republicans were more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless one
expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J.
Buchanan | Is America then headed for an inevitable default? As
President Bush prepared to invade Iraq in September 2002, the head of his
economic policy council, Lawrence Lindsey publicly estimated such a war could
cost $100 billion to $200 billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
Though having but 5% of the world’s population, the u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Gun-smuggling cartel figures possibly were paid FBI
informants LA Times | Probe reveals that the U.S. agency running the ‘Fast
and Furious’ anti-gun-trafficking operation didn’t know about the alleged FBI
informants. Congressional investigators are looking into the matter.
Ron Paul expands TV ad campaign to Nevada Raw Story | Ron Paul (R-TX) is expanding his TV advertising campaign in early caucus
and primary states.
Is
There Anything We Are Still Free To Do Without Government Permission? American Dream | Very, very
few things are still permissible without government approval today.
Mass psychosis in the US Aljazeera.net July 11, 2011
Obama
presses for debt deal President opens the door to a less ambitious compromise
to the looming debt-ceiling crisis. (Washington Post) [ Less ambitious? As in
‘anything at all’ … as in something other than ‘nothing to write home about’. Call
Obama’s bluff Republicans should force him to propose real tax reform.
(Washington Post) [ Well, the first part, ‘Call obama’s bluff’; eh, what the
heck, sounds good. But, propose ‘real tax reform’. I’d say, giving him the
benefit of the doubt, Mr. Krauthammer’s somewhat uncharacteristically in
fantasy land. After all, isn’t all of this part of the pre-election year game
of ‘blind men’s bluff’. Kind of like being between the proverbial ‘Iraq and a
hard place’. I mean, where were all these pricipled partisans when it could
have counted; ie., Is a U.S. Default Inevitable? Patrick J.
Buchanan | ..bush prepared to invade Iraq in 2002..likely cost
would be $60 billion, said Mitch Daniels of the OMB..finance the war with Iraqi
oil,said Wolfowitz..the cost of the Iraq War? It has passed $1 trillion..’,
etc.. Obama
on high ground But Cantor could still bring him down. (Washington Post)
[ High ground? No such thing for ‘wobama the b’ (for b***s***)! He can run, but
can’t hide from his contraindicated (based on reality, broken campaign
promises, and consequences therefrom) record of unequivocal failure. Geithner
says hard times to continue for many
] Moody's
puts U.S. ratings on review for downgrade Europe’s
debt crisis threatens Italy Sheer size of the world’s
seventh-largest economy could thwart any international attempt to bail it out.
(Washington Post) [ Yeah, dem’ darn PIIGS.
Reminds me of that joke (I won’t repeat it here except the punch line):
‘That’s black bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many
Republicans were more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J.
Buchanan | Is America then headed for an inevitable default? As
President Bush prepared to invade Iraq in September 2002, the head of his
economic policy council, Lawrence Lindsey publicly estimated such a war could
cost $100 billion to $200 billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
Though having but 5% of the world’s population, the u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street
accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
STEVE
WYNN UNLOADS ON OBAMA... (via Drudgereport) ‘…here's the crux of
it:
I believe in Las Vegas. I think its best days
are ahead of it. But I'm afraid to do anything in the current political environment
in the United States. You watch television and see what's going on on this debt
ceiling issue . And what I consider to be a total lack of leadership
from the President and nothing's going to get fixed until the President himself
steps up and wrangles both parties in Congress. But everybody is so political,
so focused on holding their job for the next year that the discussion in
Washington is nauseating.
And I'm saying it bluntly, that this
administration is the greatest wet blanket to business, and progress and job
creation in my lifetime . And I can prove it and I could spend
the next 3 hours giving you examples of all of us in this market place that are
frightened to death about all the new regulations, our healthcare costs
escalate, regulations coming from left and right. A President that seems, that
keeps using that word redistribution. Well, my customers and the companies that
provide the vitality for the hospitality and restaurant industry, in the United
States of America, they are frightened of this administration .And it makes
you slow down and not invest your money. Everybody complains about how much
money is on the side in America.
You bet and until we change the tempo and the
conversation from Washington, it's not going to change. And those of us who
have business opportunities and the capital to do it are going to sit in fear
of the President. And a lot of people don't want to say that. They'll say, God,
don't be attacking Obama. Well, this is Obama's deal and it's Obama that's
responsible for this fear in America .
The guy keeps making speeches about redistribution and
maybe we ought to do something to businesses that don't invest, their holding
too much money. We haven't heard that kind of talk except from pure socialists.
Everybody's afraid of the government and there's no need soft peddling it, it's
the truth. It is the truth. And that's true of Democratic businessman and
Republican businessman, and I am a Democratic businessman and I support Harry
Reid. I support Democrats and Republicans. And I'm telling you that the
business community in this company is frightened to death of the weird
political philosophy of the President of the United States. And until he's
gone, everybody's going to be sitting on their thumbs.
Later in the call, he rants again about how hard it is to
visit America (due to Homeland Security and visa issues), and what that means
for Chinese visitors.
http://www.businessinsider.com/wynn-ceo-steve-wynn-conference-call-transcript-obama-2011-7#ixzz1SVOWlB17 ’
‘Carmageddon’
starts in L.A. A 10-mile
stretch of one of the nation’s busiest freeways is being closed for 53-hour
construction. (Washington Post) [ While it is true there is so much news of
great consequence worldwide, it seems at first blush somewhat remiss of me to
be commenting on what I deem to be a ‘non-story’. Yet, it is the very pervasive
prominence of this ‘non-story’ that compels me to comment here at the risk of
appearing to have fallen prey to this almost non-newsworthy obsession dubbed
‘carmageddon’. Regionally based and presumably based on demographics /
viewership this falls within the bailiwick of that other indigenous
‘news-preoccupation’ which I’ve never seen beyond the LA market; viz., the
innumerable car chases which I have literally seen occupying an entire newcast
(30 / 60 minutes) to the exclusion of all other news. I’m totally nonplused and
at a loss to explain this which I hope is still a very local phenomenon that
defies rational explanation. IT'S GOING TO HURT 'FOR LONG
TIME TO COME' ‘God bless us everyone’! … As if we didn’t already know / feel it! …Stock futures, dollar falls; Moody’s warns U.S. Wed, 13 Jul 2011 Carla Mozee
(MarketWatch) — ‘U.S. stock index futures and the U.S. dollar fell Wednesday
evening after a ratings agency warned that it may cut its rating on U.S.
government debt…’
S&P threatens downgrade of U.S. financial companies
Top 3 Reasons Markets Were Up Despite Continuing Debt Ceiling
Impasse July 15, 2011 Wall St. Cheat Sheet
‘Markets closed up on Wall Street
today: Dow +0.35% , S&P +0.56% , Nasdaq +0.98% , Oil +1.82% , Gold +0.31% .
On the commodities front, Oil made a reversal,
climbing to $97.43, while precious metals gained slightly, with Gold up to
$1,594.20 an ounce and Silver up 1.33% to $39.21 an ounce.
Don’t Miss: Why
Are Gold Prices Pushing Record Highs?
Today’s markets were up because:
1) M&A activity. With so much negative economic news
— declining
consumer sentiment , Standard & Poor’s putting the U.S. on downgrade
watch , and the continuing impasse of debt ceiling talks — markets could have
easily been down again today. But in a rare feat, they were bolstered by
individual sectors and stocks. Clorox and Petrohawk deals
were responsible for huge NYSE gains .
2) Euro-bank stress tests. The results of the stress
tests for 90 European banks had investors around the world on the edge of their
seats, but ultimately the results of the test held no real surprises and could
have definitely been worse. Only 8 of the banks failed, though another 16
narrowly passed. The eight failing banks had a combined shortfall of 2.5
billion euros in capital under the European Banking Authority’s worst-case
economic scenario. Last year’s 7 failing banks had a combined shortfall of 3.5 billion
euros. Not only did this year’s failing banks fare better than last year’s, but
there were significantly fewer than expected. Estimates had the number near 20.
So while the results of the stress test might not be considered good news, they
most certainly aren’t bad, especially considering the failing banks are right where
one would expect them to be: 5 in Spain, 2 in Greece, and 1 in Austria.
3) Google. The so-much-more-than-a-search-engine’s new
social networking tool, Google+, has already gained over 10 million users in just 2 weeks and is only one of many reasons why
Google’s latest earnings report throttled the company’s pared down
expectations. (See: “ Here’s
Why Google+ Means Serious Money “) Net
income rose to $2.5 billion versus $1.84 billion in the same quarter
a year earlier, a 36.1% increase. The success of Android, which accounted for
40% of smartphone sales this year is another reason for the great earnings
report that pushed up the company’s stock 13.34%, trading on a volume of 12.27
million today where the 30-day average is only 3.01%. Google’s good fortune
alone comprised a good share of the Nasdaq’s gains today in an otherwise shaky
day of trading.’
See the film the “End the Fed” crowd holds sancrosanct: The Money Masters http://www.themoneymasters.com
Return
of the Gold Standard as world order unravels London
Telegraph | The eurozone debt crisis has spread to the countries
that may be too big to save.
Why
Banks Aren’t Lending: The Silent Liquidity Squeeze Truthout | Where did
all the jobs go?
Inflation On the Rise Reuters | High
inflation, driven by strong energy and food prices, undermined economic
activity in first quarter.
Gold
And Silver Likely To Go Parabolic Due To ‘Global Shockwaves’ If U.S. Defaults Zero Hedge | Gold is some
0.5% lower against the U.S. dollar and most currencies today but is higher in
Australian dollars as the Aussie fell on Australian and global economic growth
concerns.
Manufacturing
Gauge Slumps as Core Inflation Gains Reuters | Inflation at
highest pace in three years.
US
Default Risk Jumps To Highest Since February 2010 On Debt Ceiling Worries Tyler Durden | So much for
the market “completely ignoring” the total chaos and complete cacophony out of
the tragicomic DC soap opera.
The Fed, the
debt, Ron Paul and gold RT | President
Obama and Vice President Biden have just had yet another meeting with top
lawmakers hoping to reach an agreement about the debt ceiling.
Banks,
investors show no default leeway Obama administration officials have
been privately exploring with major banks and foreign investors whether the
government could devise a way to avoid a severe disruption in financial markets
if the federal debt ceiling is not raised. But the message back from the market
has been discouraging. (Washington Post) [ Oh yeah … major banks, foreign
investors, the so-called ‘market’, if you will, albeit manipulated; toward what
end? Oh riiiiight … the end. The point is, and this is an understatement,
they’ve been far less than brilliant. But they harken back to that ‘Gecko echo’
of ‘greed is good’ as their mantra and sine a quo non for their practiced
‘capitalism’; which, of course, differs in no way from the same creed of greed
practiced by the multitude of common criminals in pervasively corrupt america
particularly, and throughout the world generally. IT'S
GOING TO HURT 'FOR LONG TIME TO COME' ‘God bless us
everyone’! … As if we didn’t already
know it / feel it! ]The frauds on wall street et
als should be criminally prosecuted, jailed, fined, and disgorgement imposed ! STOCKS
BARELY FALL AFTER MOUNTAIN OF BAD NEWS: Here's What You Need To Know Business
Insider Weisenthal Economic
scenario far worse than expected (and in this pre-election year the reality is
still far worse than reported), yet stocks still rallied off lows to keep
suckers sucked in to this fraudulent market
Click
here to see the new scariest jobs chart ever
http://www.businessinsider.com/details-from-the-awful-june-june-jobs-report-2011-7 > See all 12 charts from St Louis Fed: http://static8.businessinsider.com/image/4e1712edcadcbba25f030000-595-356/chart.jpg Stocks
rally on jersey-based, former Lautenberg ADP still paltry, better than expected
157,000 private jobs number and one’s got to wonder ‘who got paid’, one way or
another, for the fudge. Then there’s the horrific ‘american tech’. Retail? The
defacto bankrupt government’s probably buying with money they don’t have, at
best; and, as with other data in these desperate pre-election-year times, plain
false, falsified, fudged, spun. Previous day, all bad news … from eurozone
(protugal, et als), to asia zone (china worse than expected), to america (where
to begin, from defacto bankruptcy, to debased currency, to insurmountable debt
/ dervice, to pervasive corruption, etc.) … stocks rally on fraud and b***s***
alone. Previous, higher oil price rally, along with Netflix
‘technology rally’ … Don’t make me laugh! … Total desperation on wall street
and in Washington … How pathetic! … Jobless claims at 428,000 much
worse than expected; and, don’t forget, these are desperate ‘pre-election
times’ when regardless of factual reality (ie., fake reports, data, as, ie.,
‘wobama hometown’ corrupt chicago ISM is up as even their youth gangs are
showing increased criminal activity which probably accounts for the rise; ie.,
meth, crack labs, etc.?) data / reports are fudged / faked / spun. Foreclosure,
distressed sales up, at least on paper with contracts signed, so no surprise
nor reason to cheer here, as markets worldwide jump on the american crazy train
for a short-lived bounce as all problems remain. This is the same month end (and quarter, half) spurt /
window dressing based on b***s*** alone to keep the suckers suckered and an
especially great time to sell / take profits since there’s much worse to come!
Talk about milking the greek crisis for the umpteenth time a so-called solution
(and there are loads of greecy scenarios worldwide … I don’t think so and neither does Schaeffer who says: ‘…even once
such a package is passed it only buys time. Actually fixing the fiscal
condition of Greece is not something that can be solved in a matter of weeks,
or even months… ‘ but it’s great press for the
churn and earn and to keep the suckers suckered. Technology
rally? Defacto bankrupt american technology is horrendous but great sizzle for
the new fraud as in the dotcom bust days. Then there’s the greasy b.s. new
greecy b.s. factor. The rally into the close and the
previous so-called (4 day) ‘rally’ was based on b***s*** alone to keep the
suckers suckered and for ‘smarter money ‘ along with the frauds to sell into.
This is an especially great opportunity to sell / take profits while you still
can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If
You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [
He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock
sales is telling. At 565 sells for every 1 buy, it’s never been
higher. Yes, it’s normal for insiders to be selling some of their stocks so
they can buy new yachts and some of this is pre-planned. But that ratio — which
has spiked recently — is extraordinarily high, one might even say
off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default
Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press” climaxed Sunday with a startling market
prognostication from David Brooks, conservative columnist for the NY Times . The risk of a debt default over the combustible issue of the Medicare
deficit hangs over the course of the stock market. Buyers Beware!“I was up in
Wall Street this week,” Brooks said. “They’re vastly underestimating the
source of piolitical risk here. We could have a major problem, I think, either
this summer or the next couple years. And I’d be worried about investing too
much in the market. That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says Market Crash 6/30/11?Technical
indicators suggest market collapse may begin by June 30th Dennis Slothower is
one of the world’s leading technical analysts. He’s one of the few advisors
whose readers completely avoided ALL losses during the disaster that was 2008.
And now he’s issuing another dire warning. His technical indicators suggest
that the market manipulation we’ve seen over the last several months is about
to come to an end…and that means thousands of investors are about to get
clobbered. This correction could begin as soon as June 30th – so it’s important
that you take action now to prepare yourself. StealthStocksOnline.com STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived
mideast turmoil and their wars to obfuscate and divert attention from their
failure. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS
– PLEASE BE CAREFUL OUT THERE! ‘ Dave's
Daily 'If you can
keep interest rates this low this long, its inevitable cheap financing can
allow companies to start cobbling each other up. Further Ben's policies allow
companies like IBM to sell bonds at 1% and buy back shares with the proceeds
(total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St.
S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell
Bernanke
rejects debt-plan alternatives Fed chief urges Congress to come up
with a plan or risk a making “self-inflicted wound” to the economy. (Washington Post) [ And you really have to
admit, ‘no-recession-helicopter-ben-bs-bernanke’ knows a lot about
self-inflicted wounds. Sounds like a lot of self-serving posturing when you
take into account his ‘contribution’ to this egregious but not typical
Washington / american debacle. Bernanke:
Fed ‘prepared to respond’ The chairman raised the possibility of resuming efforts
to pump money into the economy. (Washington Post) [ The frauds on wall street et
als should be criminally prosecuted, jailed, fined, and disgorgement imposed ! Think about this: short-lived Pavlov dog rally (the
conditioned stimulus) on hopes for more welfare for wall street and some good
results in communist China. This despite the previous failure of QE for
everyone but the frauds on wall street; and ultimately, though circumlocuted,
at great taxpayer expense. Titans of capitalism? How ‘bout the biggest
unprosecuted frauds in the world. Preposterous! Fed
worried about unemployment (AP) ‘Fed officials at their last meeting expressed
concerns that the weakening job market might hold back the economic recovery’.
Duh! Ya think! They’ve done such a wonderful job ameliorating such concern: A
Perfect Financial Storm? at Forbes Bert Dohmen ‘Surprise,
surprise! The bulls were shocked by the employment report on July 8.
Suddenly, all the talk of the past two weeks about much stronger economic
growth was put on ice and the two words, “double dip,” which was the headline
of my Wellington Letter two months ago,
are back … Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for nation-economy-draining
profits for the frauds like never before and have never been higher. The QE and
dollar-debasement policies were always predictably inflationary, ultimately
hyperinflationary, particularly for stocks; that ‘feel good’ obfuscation that
was but in reality good only for the frauds on wall street. No, there is no
modern day alchemy that spins worthless paper into gold except fraudulently for
the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing
out’ for hard currency and gold, precious metals, at everyone else’s expense
including main street. ]
National / World
Secrets of the RAND CORP Exposed TheAlexJonesChannel | Alex and crew visit the RAND Corp and cover the
mushroom cloud and more.
RT: Alex Jones on Bohemian Grove RT | America hosts its own top-secret pow-wow every summer in the woods of
California
Greenspan: Dumb Americans Deserve Unemployment Kurt Nimmo | NAFTA and globalist trade agreements are responsible for killing jobs,
not the dismal test scores of Gen Xers.
NATO jets
violate Pakistani airspace Press TV | Several NATO
fighter jets have violated Pakistani airspace, making low flights into the
country’s troubled tribal northwestern regions.
Federal Court Rules TSA Violated Law By Introducing Body
Scanners Steve Watson | The D.C. Circuit Court of Appeals ruled today that the
TSA violated federal law by rolling out radiation firing body scanners in
airports without soliciting public comment.
Front Yard Gardener Faces New Charges Paul Joseph Watson | Vendetta: Oak Park City pursuing criminal charges of unlicensed dogs
against Julie Bass.
US debt crisis: Obama warns of ‘tax rise for all’ if deal
cannot be done London Guardian | Barack Obama
has warned that the US is “running out of time” to raise the limit on US
government borrowing and that failure to do so will lead in effect to a tax
increase for all Americans.
Greenspan: Dumb Americans Deserve Unemployment Kurt Nimmo | The former boss of the Federal Reserve, Alan Greenspan, said the reason
Gen-Xers are unemployed and suffering from a lower standard of living is
because they are lazy, stupid, and unproductive. ‘…Greenspan knows all of this.
It is particularly reprehensible that he would blame the victims, especially
considering the role he played in the globalist looting of America …’
U.S. to recognize Libyan rebels as legitimate government Washington Post | The United States is granting Libyan rebel leaders full diplomatic
recognition as the governing authority of Libya.
NATO chief calls for more planes to bomb Libyan targets Reuters | NATO members should supply more warplanes to bomb Libyan military
targets, the alliance’s secretary-general said on Thursday.
S & P: America Could Default Even if Debt Ceiling is
Raised Washington’s
Blog | plugging the major
holes in our economy is more important than either cutting spending or raising
taxes.
France's Bruni confirms pregnant, won't reveal gender (or
paternity) or
Senate
works on framework to raise debt limit As a breakthrough in bipartisan White
House talks begins to look unlikely, Senate leaders work to craft an
alternative strategy.
(Washington Post) [ Sounds like a
plan! Riiiiight! That framework thing … for the spending thing … with money
they don’t really have on things they don’t really need, ie., the perma wars
(that military inferiority complex thing), etc.. Republican
leaders clash over debt-limit plan Sen. McConnell warns that default could
“destroy” the GOP brand, but Rep. Cantor rejects his proposal to break the
stalemate over raising the debt limit.
(Washington Post) [ McConnell
calls for raising debt limit in steps Senate Republican leader offers to give
President Obama new power to raise debt ceiling as a “backup plan” in case
talks collapse. (Washington Post) [ As if we didn’t ultimately see that coming;
you know, it might affect their paychecks if they didn’t … . Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many
Republicans were more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J.
Buchanan | Is America then headed for an inevitable default? As
President Bush prepared to invade Iraq in September 2002, the head of his
economic policy council, Lawrence Lindsey publicly estimated such a war could
cost $100 billion to $200 billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
Though having but 5% of the world’s population, the u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Ahmed
Wali Karzai killer was U.S. ally EXCLUSIVE | Afghan officials explore
signs that the Taliban convinced police commander to switch sides. (Washington
Post) [ For emphasis, let me reiterate at the outset that, ‘Whenever the
government / cia is involved as here, you’re lucky to get even a fraction of
what actually went down and why’. ‘If
they can kill Ahmed Wali ...’ After the Afghan president’s powerful
half-brother death, leaders are re-examining their inner circles. (Washington
Post) [ Oh come on! Let’s not over-react here. After all, he was heavily
involved in the u.s. government / military protected illegal heroin trade; and,
with the mentally challenged cia, of all organizations, as his partners among
others in crime. Kind of like ‘Godfather 3’ (masterfully by Francis Ford Coppola,
starring Al Pacino) where all these psychotic italian mental cases are
‘whacking’ each other based on greed, paranoia, etc.. Whenever the government /
cia is involved as here, you’re lucky to get even a fraction of what actually
went down and why. Killing
of Ahmed Karzai a setback for U.S. mission in Afghanistan American officials say Afghan president’s half-brother had evolved from
strongman to influential ally. (Washington Post) [ Yeah! This is a biggy ‘cause
he’s done such a great job helping with america’s surging heroin production,
distribution, trade in Afghanistan; you know, one of pervasively corrupt,
defacto bankrupt america’s raison d’etres for being in Afghanistan. Yet, this
is even a bigger plus for the Taliban who had all but eradicated the opium
trade and the attendant corruption in Afghanistan. Afghan CIA Drug Kingpin Shot Dead by Own Bodyguard Kurt Nimmo | ‘CIA has
been in the drug running business since the 1950s. Kurt Nimmo Infowars.com July 12, 2011
Ahmad Wali Karzai , the half brother of Afghan president
Hamid Karzai, was assassinated by one of his own bodyguards Tuesday morning.
Friend and trusted head of security Sardar Mohammed shot him in the head and
chest. Mohammed was in turn shot and killed by fellow bodyguards. The Taliban
claimed responsibility for the assassination.
In 2009 it was reported that Karzai was a major player in
the Afghan opium trade. According to reports, other members of the Karzai family are involved
“head-to-heels” in the drug business.
Ahmad Wali Karzai also worked for the CIA .
“The CIA has been complicit in the global drug trade for
years,” a former intelligence official told Newsmax in 2002. “The CIA
did almost the identical thing during the Vietnam War, which had catastrophic
consequences – the increase in the heroin trade in the USA beginning in the
1970s is directly attributable to the CIA.”
According to a
report in Presscore , the former Unocal employee Hamid Karzai and his family are heavily
involved in the CIA’s drug business.
“85 per cent of
all drugs produced in Afghanistan is being shipped aboard US aircraft. Foreign
diplomats have stated that the United States military buy drugs from local
Afghan drug lords who deal with field commanders overseeing eradication of drug
production,” states the report. The CIA provides protection for the enterprise.
The CIA has
been in the drug running business since the 1950s. In Burma,
Vietnam, Laos, Latin America, and Afghanistan , the CIA — also known as the
“Cocaine Import Agency” — has remained at the forefront of the international
illicit drug trade. The journalist Gary Webb and the San Jose Mercury News tied
the CIA and the Contras to a large crack cocaine ring in Los Angeles. Webb paid
with his life for revealing this information to the public.
Before the U.S.
invaded Afghanistan, the Taliban had imposed a ban on opium production. This
resulted in opium production collapsing by more than 90 per cent. It was the
U.S. supported Northern Alliance that came to the rescue and began protecting
the production of raw opium.
“CIA-supported
Mujahedeen rebels [who in 2001 were part of the Northern Alliance] engaged
heavily in drug trafficking while fighting against the Soviet-supported
government and its plans to reform the very backward Afghan society,” William Blum writes in The Real Drug Lords .
In a Fox News
report aired in April of 2010, correspondent Geraldo Rivera interviewed a solder in Afghanistan who
admitted the U.S. allows the opium trade to flourish.
The corporate
media has provided propaganda for the CIA’s drug business. “Curbing the
Taliban’s multimillion dollar opium poppy business was a major goal of a
military operation to seize this former insurgent stronghold,” the Associated Press reported in
March of 2010. “If they destroy the crops and curb the trade, they lose the
support of the population — a problem for which they have no easy solution.”
IN FACT, AS
PREVIOUSLY NOTED, THE TALIBAN BANNED OPIUM PRODUCTION AND ALMOST
ELIMINATED THE CROP A DECADE AGO.’
Panetta
shifts the viewpoint on U.S.-led wars The new Defense secretary makes it clear
he wants limits -- on military commanders, on allies' expectations and on the
U.S. defense budget -- to get off a permanent war footing. (LAT)[Sure could
have fooled us with his recent rhetoric, kind of like his ‘boss’,failed
president ‘wobama the b’ (for b***s***) Drudgereport: OBAMA:
LET'S STAY IN IRAQ... FLASHBACK:
'I intend to remove all U.S. troops from Iraq by the end of 2011'... REPORT:
U.S. Air Force, Navy still flying hundreds of missions over Libya... FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA
FIGHTS FOR HIS RIGHT TO BOMB LIBYA ) Hasn’t Panetta’s nose
grown larger. Do you think he’s related to puppet-master Geppetto and his line
of Pinnochio puppets; Mr. Pinnochietta. [ Boehner
endorses Obama’s call for far-reaching plan on debt Pelosi:
‘We are not Greece’ (but greecy Italy Italians voice concern over Italian
debt crisis scenario (WP) [ Whew! Close call! Nothing to worry about now that
wobama’s got a boehner;so not to be so hard on them;if pelosi says it,it must
be true;Not!Pervasively corrupt,defacto bankrupt america,they,she look pretty
greecey. After all,if the same’s wobama’s ‘far-reaching plan on debt’, we know
‘wobama the b’ is total b***s*** which means like Greecey PIIGS they’ll be back
to the trough for more … slop … py! Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
Though having but 5% of the world’s population, the u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Call
Obama’s bluff Republicans should force him to propose real tax reform.
(Washington Post) [ Well, the first part, ‘Call obama’s bluff’; eh, what the
heck, sounds good. But, propose ‘real tax reform’. I’d say, giving him the
benefit of the doubt, Mr. Krauthammer’s somewhat uncharacteristically in
fantasy land. After all, isn’t all of this part of the pre-election year game
of ‘blind men’s bluff’. Kind of like being between the proverbial ‘Iraq and a
hard place’. I mean, where were all these pricipled partisans when it could
have counted; ie., Is a U.S. Default Inevitable? Patrick J.
Buchanan | ..bush prepared to invade Iraq in 2002..likely cost
would be $60 billion, said Mitch Daniels of the OMB..finance the war with Iraqi
oil,said Wolfowitz..the cost of the Iraq War? It has passed $1 trillion..’,
etc.. Obama
on high ground But Cantor could still bring him down. (Washington Post)
[ High ground? No such thing for ‘wobama the b’ (for b***s***)! He can run, but
can’t hide from his contraindicated (based on reality, broken campaign
promises, and consequences therefrom) record of unequivocal failure. Geithner
says hard times to continue for many
] Moody's
puts U.S. ratings on review for downgrade Europe’s
debt crisis threatens Italy Sheer size of the world’s
seventh-largest economy could thwart any international attempt to bail it out.
(Washington Post) [ Yeah, dem’ darn PIIGS.
Reminds me of that joke (I won’t repeat it here) except the punch line:
‘That’s black bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many
Republicans were more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J.
Buchanan | Is America then headed for an inevitable default? As
President Bush prepared to invade Iraq in September 2002, the head of his
economic policy council, Lawrence Lindsey publicly estimated such a war could
cost $100 billion to $200 billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
Though having but 5% of the world’s population, the u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
15 Examples That Show Many Americans Have Become So
Desperate That They Will Do Just About Anything For Money | More Americans than ever are
desperate for money and many of them will do just about anything to get it. The
Economic Collapse July 14,
2011 ‘More Americans than ever are
desperate for money and many of them will do just about anything to get
it. The crumbling U.S. economy has pushed millions of ordinary Americans
to the brink of utter desperation. When it comes time to choose between
being able to survive or breaking the law, many people are choosing to break
the law. These days it seems like Americans will do just about anything
for money. All over the country, there are areas where just about
anything that is not bolted down is being stolen. A lot of people have
resorted to making money however they can – selling drugs, selling their
bodies, shoplifting, invading homes, taking bribes, running credit card scams
and even stealing from their own family members. You will have a hard
time believing some of the things that you are about to read below. When
people have their backs pushed up against the wall, often they find that they
are willing to do things that they never imagined that they would do.
Things are getting crazy out there on the streets of America, and as the
economy continues to decline things are going to get a lot crazier.
The following are 15 examples that show many Americans
have become so desperate that they will do just about anything for money….
#1 In Utah, one
unemployed 28 year old man is offering to be “human prey” for hunters for the bargain price
of $10,000 . For an additional $2,000, he will let people hunt
him down while he is running around naked.
#2 The Huffington Post is
reporting that there has been an epidemic of air conditioning thefts all over the
United States….
Across the
country, in states like Illinois, Texas, Arizona, Georgia and Florida, there
have been reports of thieves stealing unsecured air conditioning units weighing
as much as 125 pounds.
#3 In Corpus
Christi, Texas thieves have actually been breaking into funeral homes in order to steal
the embalming fluid .
#4 Even police
officers are committing desperate acts these days. Just check out what
one police officer in Chicago is charged with doing ….
A Chicago
Police officer stole $50,000 from his ailing elderly father to pay off his
bills and gambling debts and unsuccessfully attempted to swipe his dad’s
retirement savings by impersonating him
#5 Nothing is off
limits to thieves these days. Criminals recently broke into a southwest
Atlanta beauty supply store and took
off with $30,000 in hair extensions .
#6 In another area of Atlanta , thieves have
been breaking down walls and busting bathroom fixtures with sledgehammers in
order to get their hands on copper, brass and steel….
Kids in two
Atlanta communities won’t have their neighborhood pools to help beat the summer
heat, at least for now. Thieves used what is believed to be sledge hammers to
bust walls and break fixtures in bathrooms at Adams and South Bend parks to
steal copper, brass and steel.
#7 One
grandmother in Florida has been accused of trying to sell her newborn
grandson for $75,000 .
#8 In Antioch,
California a total of approximately 300 power poles were recently
knocked down by thieves and stripped of their copper wiring.
#9 In Minnesota
recently, a mob of teen girls brutally pummeled a mother and her two
daughters until they were black
and blue . Apparently the mob of teen girls was enraged over a pair of
missing sunglasses.
#10 In Asheville,
North Carolina thieves recently took off with 4 metal tables and
16 metal chairs that were sitting outside a pizzeria.
#11 In Florida,
thieves have actually been stealing storm drain covers .
#12 In Oregon,
thieves recently broke into a Salvation Army community center and stole 3 large air conditioning units . Now all
the people that come to that facility for help and for community programs this
summer will be absolutely sweltering.
#13 In the
Cleveland area, two young boys that had set up a lemonade stand were robbed in broad
daylight . The crooks got away with approximately 12 dollars.
#14 In Oklahoma,
thieves recently broke into a church and stole “ arts
and crafts supplies meant to help teach bible stories to children “.
#15 A 59 year old
man from North Carolina named Richard James Verone was so desperate for money
that he actually robbed a bank and got caught
on purpose so that he could be put in prison and be given free health care.
One day Verone walked into an RBC Bank in North Carolina,
handed a clerk a note demanding exactly one dollar and sat down and waited for
the police to arrive and arrest him.
Verone has a growth on his chest and two ruptured disks
but he does not have any health insurance. He is hoping that in prison he
will get the medical treatment that he needs.
As society continues to unravel, prison is going to look
like an appealing option for more and more people.
At least in prison you get fed, you have a roof over your
head and they will take care of your medical needs.
For a whole lot of Americans, that would be a major step
up.
Have you noticed that the thin veneer of civilization
that we all take for granted is starting to disappear?
America is becoming a cold, cruel place and lawlessness is
everywhere.
For many more signs that our society is starting to
crumble, please see these two articles….
*” 18 Signs The Collapse
Of Society Is Accelerating ”
*” 12 More Signs That Society Is
Collapsing ”
For ages, Americans have looked down on the crime and the
depravity that goes on in other areas of the world.
Well, now America has all of the crime and depravity it
can handle and it is going to get a lot worse as millions of formerly middle class Americans descend into
poverty.
A regular commenter on my website who identifies himself
as “El Pollo de Oro” recently described the kind of chaos that he believes is
coming to the streets of America….
I live in
Philadelphia, a city that used to have a ton of blue-collar manufacturing jobs
as well as a great deal of white-collar employment, but the blue-collar
manufacturing jobs have disappeared–and on the white-collar side, a college
degree isn’t necessarily the ticket to prosperity it once was. Philly has its
share of nasty, dangerous ghetto areas as well as ritzy, upscale areas like
Rittenhouse Square. But then, there are parts of Mexico City that look like
Beverly Hills except that the signs are en espańol. A minority of Chilangos are
filthy rich, which is what you expect in a Third World country: an uber-rich
minority and a poor majority. And when The Banana Republic of America (formerly
the USA) signed on for globalism and ignored Ross Perot’s warning, it opted to
become a Third World country—which means that you can kiss the American middle
class goodbye.
But there will
be some growth industries in The Banana Republic of America: kidnapping, drug
smuggling, murder for hire, carjacking, armed robbery. And if you want a taste
of what life will be like in American cities in the future, just spend a few
weeks in Guatemala City, Johannesburg or Caracas—all of which have the type of
horrible crime rates that BRA cities can look forward to in the future.
Desperate people do desperate things, and hardcore desperation will be in the
norm in the BRA. It won’t be fun (unless, of course, being robbed at gunpoint
in broad daylight is one’s idea of a good time).
Welcome to life
in a rotting, decaying Third World hellhole. Welcome to the collapse of the
Roman Empire. Welcome to life in The Banana Republic of America, formerly the
USA.
America is
changing. The safe, secure environment that we all used to take for
granted is dying. The number of truly desperate people rises by the day,
and many of those desperate people are willing to do just about anything for
money.
The United
States used to have a thriving middle class, but our economic system has been
so manipulated over the decades that now almost all of the economic rewards go
to the very top of the food chain.
25 years ago,
the wealthiest 12 percent of all Americans controlled 33 percent of all the
wealth. Today, the wealthiest 1 percent of all Americans control 40 percent of all the
wealth.
In the United
States today, we are actually witnessing the death of the middle class . Our
jobs have been shipped overseas , the banks
have enslaved us to debt, the government keeps finding more ways to tax us and
the Federal Reserve keeps debasing our currency.
Everywhere you
go, despair is in the air. According to a brand new Reuters/Ipsos
poll, 63 percent of Americans believe that
the nation is on the wrong track.
Fortunately,
many Americans are responding to these signs of trouble by preparing.
One local Oklahoma newspaper recently did
an article that profiled a few of the growing number of Americans that are
preparing for hard times….
Rod and
Lauretta Smith estimate they could survive a year without going to the grocery
store.
A large garden
on their 5-acre property in south Tulsa produces hundreds of quarts of canned
and frozen beans, tomatoes and other vegetables. Chickens provide eggs.
The Smiths are
among a small but growing number of people stocking up on food to become more
self-reliant in a time marked by natural disasters and economic uncertainty.
The truth is
that all of us should try to become less dependent on the system. The
Democrats, the Republicans, the Federal Reserve and the big corporations are
not there to help you. They are not going to come riding to the rescue if
you lose your job and your home.
We all need to
do what we can to become more independent and to prepare ourselves and our
families for the incredibly difficult economic times that are inevitably
coming. Those that have faith that their jobs will always be there or
that the government will always take care of them will be deeply disappointed.
The system is
dying and society is coming apart.
The only
rational thing to do is to prepare for what is coming.’
IMF
on Greece: ‘No room for slippage’
Even slight problems with timing of reforms are likely to push the
country’s debts to “unsustainable” levels.
(Washington Post) [ Slippage?
With all that ‘grease’ all over, how can that be avoided? Let’s get real! (CNBC) ‘… And it is not just Greece. After Greece is dealt
with, the eurozone must deal with Ireland and Portugal. And the market is
increasingly suggesting there is more risk there than the area can handle. Look
at the graph below, which shows the steady rise of interest rates for Ireland
and Portugal. This looks like Greece not so long ago. And Portugal now has
higher rates than Ireland. This means that both countries are effectively cut
out of the private market. ( www.ifr.com ) http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/M%20chart%206.jpg Europe’s
debt crisis threatens Italy Sheer size of the world’s
seventh-largest economy could thwart any international attempt to bail it out
…’ Up to 15 years needed to fix Greece: German president Reuters | Greece will
need a lot longer to resolve its debt problems than many people in Europe are
now acknowledging, German President Christian Wulff said. (Washington Post) [ Yeah, dem’ darn PIIGS. Reminds me of that joke (I won’t repeat it
hereexcept the punch line): ‘That’s black bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many
Republicans were more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J.
Buchanan | Is America then headed for an inevitable default? As
President Bush prepared to invade Iraq in September 2002, the head of his
economic policy council, Lawrence Lindsey publicly estimated such a war could
cost $100 billion to $200 billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious freedom,
freedom generally did they come to these shores. A rare exception to the influx
of immigrants to this young nation who turned out to be more a virus to the
indigenous peoples of this land than what could have been expected from those
of noble calling. Indeed, in evolutionary terms, it’s doubtful that those so
positioned abroad would have represented a positive addition to the gene pool
which, borrowing from an insurance term, viz., adverse selection, springs forth
the notion of inevitability to the genocide of the indigenous populations while
guaranteeing the decline we see throughout this foundering nation. The effects
of these negative predispositions toward inherent criminality is certainly
being felt globally as well as domestically and has little to recommend it. My
own direct experience with the region(s) (particularly new jersey, new york,
virginia, connecticut, california) carves out no exception for the prevalence
of the worst of human nature; which is now collectively and pervasively
americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
Though having but 5% of the world’s population, the u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Geithner says hard times to continue for many [ But not for his
frauds on wall street for whom everyone’s expected to keep sacrificing; and,
ultimately their negative churn-and-earn in real economic terms has to come
from some place, ie., you, yours, main street, etc., and has manifested in the
QE’s, etc.. Well, there you have it. The product of his, wobama et als’
policies; viz., unhappy days are here again’ or, hard times for most are here
to stay, or, you get the picture, your pain their gain. ] Moody's puts U.S. ratings on review for downgrade
Our
Debt Binge Is Ending — And The Middle Class Will Get Clobbered
Top 3 Reasons Markets Were Down After Bernanke Recanted July 14, 2011 Wall St Cheat Sheet ‘Markets closed down on Wall Street today:
Dow -0.44% , S&P -0.68% , Nasdaq -1.22% , Oil -2.15% , Gold +0.03% .
On the commodities front, Oil fell to $95.94, while
precious metals gained slightly, with Gold up to $1,586.00 an ounce and Silver
up 0.84% to $38.47 an ounce.
Today’s markets were down because:
1) No QE3? While Bernanke seemed to hint at the
possibility of a third round of quantitative easing when addressing Congress
yesterday, now he’s backing off , saying that the issue is “more
complex” than before QE2, and that the Fed is “not prepared at this point to
take further action.”
2) Techs, Transports, and Cyclicals . While the Dow and
S&P hovered close yesterday’s closing figures, the Nasdaq dropped off more
than 1%, with transports down 1.3% and industrials like Alcoa , Dupont , and 3M some of the
day’s worst performers. The cyclical and leading-edge sectors also did poorly
today. S&P industrials were down 0.7%, as was the S&P’s tech sector.
The S&P Small-Cap 600 was down 1.2%.
3) Downgrade watch. Wednesday evening, Moody’s put the U.S.
on the watchlist for a possible credit rating downgrade , citing the
“rising possibility” that Congress won’t reach a deal to raise the debt ceiling
on time, triggering a selective default on government obligations. After
American investors have watched European stocks and American stocks tank every
time a relatively small Euro-Zone country gets downgraded by a ratings service,
the possibility that government of the country with the world’s largest economy
could be downgraded definitely has people scared. Hopefully after Obama’s
meetings with congressional leaders today and tomorrow, we’ll be privy to some
brighter news and see the markets rally like they did last week.’
Ben
Bernanke: Answers I Would Really Like to Know... at Minyanville
China, Wall Street pile pressure on US debt talks [ China?
Fraudulent wall street? Somehow this seems vaguely odd and doesn’t pass the
smell test for reasons difficult to put one’s finger on. ]
QE3
Off? Bernanke Says Fed Not Prepared To Take Action At This Point Zero Hedge | When in
doubt, baffle them with male cow manure.
U.S.
national debt: dancing on the brink of a world crisis Andrei
Fedyashin | Budget and debt problems are once again racking
America.
New
Brown University Report Pegs The Real Cost Of Current Wars At $4 Trillion The Daily Bail | The
government has already paid $2.3 trillion to $2.7 trillion.
AAA
at Risk? ‘Moody’s got no clue, US downgrade long overdue’ RT | Moody’s says
it’s reviewing America’s top triple-A debt rating.
US
Rating Close to ‘Junk’: Independent Strategist CNBC.com | Moody’s
Rating Agency on Wednesday placed the U.S. triple-A rating on review for a
downgrade.
Fed
Chairman Bernanke Says “Gold Is Not Money” … But His Predecessor Alan Greenspan
Disagrees Washington’s Blog | Fed Chairman Bernanke told
congress today: ‘Gold isn’t money’. But Bernanke’s predecessor – former Fed
chair Alan Greenspan – disagrees.
Quantitative
Easing Rounds 1 and 2 Hurt the Economy … Bernanke Proposes Round 3 Washington’s
Blog | Federal Reserve chairman Ben Bernanke is hinting at a
third round of quantitative easing.
National / World
Barack
Obama, Cop Killer TheAlexJonesChannel | Obama caught shipping guns to drug dealers who have killed at least 3
police officers. Obama
on high ground But Cantor could still bring him down. (Washington Post)
[ High ground? No such thing for ‘wobama the b’ (for b***s***)! He can run, but
can’t hide from his contraindicated (based on reality, broken campaign
promises, and consequences therefrom) record of unequivocal failure. Geithner
says hard times to continue for many ] Moody's
puts U.S. ratings on review for downgrade Europe’s
debt crisis threatens Italy Sheer size of the world’s
seventh-largest economy could thwart any international attempt to bail it out.
(Washington Post) [ Yeah, dem’ darn PIIGS.
Reminds me of that joke (I won’t repeat it here) except the punch line:
‘That’s black bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many
Republicans were more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J.
Buchanan | Is America then headed for an inevitable default? As
President Bush prepared to invade Iraq in September 2002, the head of his
economic policy council, Lawrence Lindsey publicly estimated such a war could
cost $100 billion to $200 billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
Though having but 5% of the world’s population, the u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Ron Paul Blasts GOP Establishment In Dramatic First
Campaign Video Steve Watson | Paul hits
ground running in Iowa and New Hampshire with presidential campaign ad that
directly targets the GOP leadership.
Rumsfeld Gets His Junk Touched Kurt Nimmo | Does the TSA think Rummy’s carrying one of those newfangled surgically
implanted tummy bombs?
Obama Walkout Linked To Debt Panic Ploy? Paul Joseph Watson | Obama: “This may bring my presidency down but I will not yield on
this”.
The Petulant Teleprompter: Obama “Abruptly” Walks Out Of
Debt Negotiations Tyler Durden | Odd how the
debt inccured for payment of pensions is being nicely trampled to make way for
debt incurred for payment of Federal worker bonuses…
Will the U.S. Default On Its Debt … Even If It Raises the
Debt Ceiling? Washington’s Blog | Many in Washington are warning that – unless a compromise to raise the
debt ceiling is reached – the U.S will default on its debt.
Living in
and Through The Poison Century Janet C. Phelan | An ex-DEA
agent recently disclosed that the CIA did an aerial spray in California back in
the 50s.
Fluoride
consumption leads to brain damage, says study Ethan A. Huff | It is
becoming increasingly difficult for fluoride fanatics to defend the practice of
artificial water fluoridation.
Cellphones, Cancer
and Infertility Foxnews.com | Consumers
need to understand all potential health problems that could occur from
long-term cell phone radiation exposure.
42%
of Britons will get cancer, statistics show London Guardian
| It was one of the starkest statistics about the nation’s health – that
one in three of us would get cancer. Sadly, the figures have just got worse.
CNN exposes ‘terror expert’ as a fraud Raw Story | CNN reported Wednesday that a so-called terrorism expert that is paid
with tax dollars and has even appeared on their own network may be a fraud.
Obama Walkout Linked To Debt Panic Ploy? Paul Joseph Watson | Obama: “This may bring my presidency down but I will not yield on
this”.
How Globalism Has Destroyed Our Jobs, Businesses And
National Wealth In 10 Easy Steps The American Dream | As most Americans stand around waiting for the U.S.
economy to return to “normal”, there is a never ending parade of jobs,
businesses and wealth heading out of the United States.
Will the U.S. Default On Its Debt … Even If It Raises the
Debt Ceiling? Washington’s Blog | Many in Washington are warning that – unless a compromise to raise the
debt ceiling is reached – the U.S will default on its debt.
Libya:
Col Gaddafi has ‘suicide plan’ to blow up Tripoli London
Telegraph | Col Muammar Gaddafi has a “suicidal plan” to blow up the
capital Tripoli if it is taken by rebels, the Kremlin’s special envoy to Libya
said.
Arab
world’s ratings of Obama, US plummet: poll AFP | Two years
after US President Barack Obama called in a groundbreaking speech from Cairo
for a “new beginning” in relations with the Muslim world, his popularity among
Arabs has nosedived.
Libyan
rebels looted and beat civilians, rights group says CNN | Libyan rebels
have looted and burned homes and abused civilians, a human rights group said
Wednesday.
’1,108 Libyans
killed in NATO attacks’ Press TV | Libya’s
prosecutor general has said that NATO airstrikes have killed more than 1,100
civilians and injured thousands of others since the end of March.
U.S. Used
Strategic Bombers Against Libya cryptogon.com | A quick
symphony of planning allowed USAF’s heavy bombers to strike 150 targets in
Libya.
Pentagon loses 24,000 classified files in massive hacking breach
Republican
leaders clash over debt-limit plan Sen. McConnell warns that default could
“destroy” the GOP brand, but Rep. Cantor rejects his proposal to break the
stalemate over raising the debt limit.
(Washington Post) [ McConnell
calls for raising debt limit in steps Senate Republican leader offers to give
President Obama new power to raise debt ceiling as a “backup plan” in case
talks collapse. (Washington Post) [ As if we didn’t ultimately see that coming;
you know, it might affect their paychecks if they didn’t … . Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many
Republicans were more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J.
Buchanan | Is America then headed for an inevitable default? As
President Bush prepared to invade Iraq in September 2002, the head of his
economic policy council, Lawrence Lindsey publicly estimated such a war could
cost $100 billion to $200 billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
Though having but 5% of the world’s population, the u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
‘If
they can kill Ahmed Wali ...’ After the Afghan president’s powerful
half-brother death, leaders are re-examining their inner circles. (Washington
Post) [ Oh come on! Let’s not over-react here. After all, he was heavily
involved in the u.s. government / military protected illegal heroin trade; and,
with the mentally challenged cia, of all organizations, as his partners among
others in crime. Kind of like ‘Godfather 3’ (masterfully by Francis Ford
Coppola, starring Al Pacino) where all these psychotic italian mental cases are
‘whacking’ each other based on greed, paranoia, etc.. Whenever the government /
cia is involved as here, you’re lucky to get even a fraction of what actually
went down and why. Killing
of Ahmed Karzai a setback for U.S. mission in Afghanistan American officials say Afghan president’s half-brother had evolved from
strongman to influential ally. (Washington Post) [ Yeah! This is a biggy ‘cause
he’s done such a great job helping with america’s surging heroin production,
distribution, trade in Afghanistan; you know, one of pervasively corrupt,
defacto bankrupt america’s raison d’etres for being in Afghanistan. Yet, this
is even a bigger plus for the Taliban who had all but eradicated the opium
trade and the attendant corruption in Afghanistan. Afghan CIA Drug Kingpin Shot Dead by Own Bodyguard Kurt Nimmo | ‘CIA has
been in the drug running business since the 1950s. Kurt Nimmo Infowars.com July 12, 2011
Ahmad Wali Karzai , the half brother of Afghan president
Hamid Karzai, was assassinated by one of his own bodyguards Tuesday morning.
Friend and trusted head of security Sardar Mohammed shot him in the head and
chest. Mohammed was in turn shot and killed by fellow bodyguards. The Taliban
claimed responsibility for the assassination.
In 2009 it was reported that Karzai was a major player in
the Afghan opium trade. According to reports, other members of the Karzai family are involved
“head-to-heels” in the drug business.
Ahmad Wali Karzai also worked for the CIA .
“The CIA has been complicit in the global drug trade for
years,” a former intelligence official told Newsmax in 2002. “The CIA
did almost the identical thing during the Vietnam War, which had catastrophic
consequences – the increase in the heroin trade in the USA beginning in the
1970s is directly attributable to the CIA.”
According to a
report in Presscore , the former Unocal employee Hamid Karzai and his family are heavily
involved in the CIA’s drug business.
“85 per cent of
all drugs produced in Afghanistan is being shipped aboard US aircraft. Foreign
diplomats have stated that the United States military buy drugs from local
Afghan drug lords who deal with field commanders overseeing eradication of drug
production,” states the report. The CIA provides protection for the enterprise.
The CIA has
been in the drug running business since the 1950s. In Burma,
Vietnam, Laos, Latin America, and Afghanistan , the CIA — also known as the
“Cocaine Import Agency” — has remained at the forefront of the international
illicit drug trade. The journalist Gary Webb and the San Jose Mercury News tied
the CIA and the Contras to a large crack cocaine ring in Los Angeles. Webb paid
with his life for revealing this information to the public.
Before the U.S.
invaded Afghanistan, the Taliban had imposed a ban on opium production. This
resulted in opium production collapsing by more than 90 per cent. It was the
U.S. supported Northern Alliance that came to the rescue and began protecting
the production of raw opium.
“CIA-supported
Mujahedeen rebels [who in 2001 were part of the Northern Alliance] engaged
heavily in drug trafficking while fighting against the Soviet-supported
government and its plans to reform the very backward Afghan society,” William Blum writes in The Real Drug Lords .
In a Fox News
report aired in April of 2010, correspondent Geraldo Rivera interviewed a solder in Afghanistan who
admitted the U.S. allows the opium trade to flourish.
The corporate
media has provided propaganda for the CIA’s drug business. “Curbing the
Taliban’s multimillion dollar opium poppy business was a major goal of a
military operation to seize this former insurgent stronghold,” the Associated Press reported in March
of 2010. “If they destroy the crops and curb the trade, they lose the support
of the population — a problem for which they have no easy solution.”
IN FACT, AS
PREVIOUSLY NOTED, THE TALIBAN BANNED OPIUM PRODUCTION AND ALMOST
ELIMINATED THE CROP A DECADE AGO.’
Panetta
shifts the viewpoint on U.S.-led wars The new Defense secretary makes it clear
he wants limits -- on military commanders, on allies' expectations and on the
U.S. defense budget -- to get off a permanent war footing. (LAT)[Sure could
have fooled us with his recent rhetoric, kind of like his ‘boss’,failed
president ‘wobama the b’ (for b***s***) Drudgereport: OBAMA: LET'S STAY IN IRAQ... FLASHBACK: 'I intend to
remove all U.S. troops from Iraq by the end of 2011'... REPORT: U.S. Air Force, Navy
still flying hundreds of missions over Libya... FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA
FIGHTS FOR HIS RIGHT TO BOMB LIBYA ) Hasn’t Panetta’s nose
grown larger. Do you think he’s related to puppet-master Geppetto and his line
of Pinnochio puppets; Mr. Pinnochietta. [ Boehner
endorses Obama’s call for far-reaching plan on debt Pelosi:
‘We are not Greece’ (but greecy Italy Italians voice concern over Italian
debt crisis scenario (WP) [ Whew! Close call! Nothing to worry about now that
wobama’s got a boehner;so not to be so hard on them;if pelosi says it,it must
be true;Not!Pervasively corrupt,defacto bankrupt america,they,she look pretty
greecey. After all,if the same’s wobama’s ‘far-reaching plan on debt’, we know
‘wobama the b’ is total b***s*** which means like Greecey PIIGS they’ll be back
to the trough for more … slop … py! Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether implicit
or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively corrupt,
defacto bankrupt, fallen america.
Indeed, the scenario typifies that national drain / sinkhole new york (new york
/ new jersey metro) where, for example, FBI informants were routinely exposed
by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and
were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this
was documented with authority in the book ‘Goombata: The Improbable Rise and
Fall of John Gotti and His Gang’ Cummings /
Volkman Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Boy
sells kidney to buy iPad, now regrets decision as his health wanes
Natural News | Some people will do anything to
obtain the latest Apple technology, which apparently includes selling their
vital organs.
U.S.
trade gap unexpectedly widens The trade deficit widened in May to the
highest level in almost three years on jump in oil imports.(Washington Post) [
Indeed! But unexpectedly? Hardly. Debasing a nation’s currency as has been done
here in pervasively corrupt, defacto bankrupt america for the sake of the
frauds on wall street tends to have that effect on oil, commodities, as well as
those ever more worthless paper stocks, except as measured by other than
defacto bankrupt america’s ever more worthless paper currency. In other words,
it takes more ever more worthless over-printed/created paper currency for each
hard asset (ie., precious metals, barrels of oil, and unfortunately owing to a
more amorphous and hence, ripe for fraud valuation process, those churned paper
stocks on fraudulent wall street. Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
Though having but 5% of the world’s population, the u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and
personal testimony, an ex-Justice official who quit over the handling of a
voter intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t
think so! I do believe that both nations are regressively but nostalgically
trying bring the world back to failed geopolitical paradigms that made the 20th
century the bloodiest century, not coincidentally the american century
(obviously for israel the latter half century). Yet, such a conditioned
psychopathic approach to global matters has led them self-destructively,
self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs,
extinction, at least in a manner of speaking. Global information exchange at
lightning speed has made such throwbacks to a lost era, propaganda, and
maladaptive traits foolish at best, deadly at worst. Intelligent people
worldwide aren’t buying the obsolete, Orwellian approach fostered by the
purveyors of global unrest; viz., israel, america, Orwellian england, etc.;
more specifically, diversion of the masses from the glaring failures of
leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Morgan Stanley studies thousands of layoffs: report
Top 3 Reasons Markets Were Up After Bernanke Addressed Congress Wall St Cheat Sheet July 13, 2011 ‘closed up on
Wall Street today: Dow +0.36% , S&P +0.31% , Nasdaq +0.54% , Oil +0.46% ,
Gold +1.27% . On the commodities front, Oil continued to climb to $97.88.
Precious metals also gained, with Gold up to $1,582.10 an ounce and Silver up
7.24% to $38.22 an ounce.
Today’s markets were up because:
1) China’s GDP. Investors in the western world awoke to
news that the world’s second-largest economy grew at an annually adjusted rate
of 9.5% between April and June. China’s size and exploding consumption make it
a huge player in the global market. Just as an example, strong
demand in China for luxury vehicles has helped prop up sales for automakers
like BMW (ETR:BMW) and Volkswagen (Other OTC: VLKAY.PK ), both of
which expect to make record sales in 2011. Today’s numbers also helped propel rare
earth stocks Molycorp , Avalon Rare Metals , Thompson Creek
Metals , General Moly Inc. , PolyMet Mining corp. , and Freeport-McMoRan Copper
& Gold Inc. .
2) QE3. Markets have been down for the last three
sessions as the public keeps getting hammered by reports of slowing economic
growth. But today’s markets took a turn when the Fed
released a report saying that they expect the pace of the economic
recovery to pick up in the second half of the year, and if it doesn’t, they
haven’t ruled out a third round of quantitative easing, should it become
necessary. The country breathed a collective sigh of relief, which was followed
by the ka-CHING of a cash register.
3) Congress gets its act together . As I write, President
Obama is currently meeting with Democratic and Republican leaders of Congress
to discuss raising the debt ceiling . Late Tuesday,
Senate Republican Mitch McConnell suggested a plan that would allow Obama to
raise the debt ceiling on his own. Even more astonishing than the proposal was
that it had bi-partisan backing, with Democrat and Senate Majority Leader Harry
Reid agreeing that the deal could help solve the current impasse in
deficit-reduction discussions…’
Count
On UPS To Deliver To $80 at Forbes [ UPS is one of those rare, well-managed
exceptions in pervasively corrupt, defacto bankrupt america that does indeed
deliver! ]
Minyanville's
T3 Daily Recap: Market Erases Early Bernanke-Induced Gains at Minyanville ‘US stocks looked set to post big gains on Wednesday following more
dovish comments from Fed Chairman Ben Bernanke, who was making his regularly
scheduled testimony in front of Congress . The market turned on a dime around midday, however, erasing most of
those previous gains as Fed Chairman Fisher, a voting member of the FOMC, cast
doubt on the possibility of further intervention from the Fed. As is customary
when Bernanke speaks, commodities got a boost. Gold made new all-time highs, and was a hot topic during the
chairman's Congressional appearance as he was grilled by staunch Fed critic Ron
Paul. Paul, who has been against the existence of the Fed and has
been in favor a gold standard for his entire political career, asked
Bernanke directly whether he thought gold was money, to which the Chairman
replied "no". When further pressed on why central banks hold gold
reserves, Bernanke said it amounted to tradition…’
What's
Next for Gold After New All-Time Highs? at
Minyanville
Stock
ETF Rally Fizzles; Moody’s Says U.S. Bond Rating Under Review ETF [email protected] (Tom Lydon), July 13, 2011,
5:26 pm ‘ Stock exchange
traded funds faded Wednesday after a morning rally but the real bombshell was
dropped on markets after the closing bell when Moody’s said it is reviewing its
Aaa rating on U.S. government bonds.
Moody’s said it placed the rating on review for possible
downgrade on concerns a deal on the U.S. debt ceiling may not be reached in
Washington.
“The review of the U.S. government’s bond rating is
prompted by the possibility that the debt limit will not be raised in time to
prevent a missed payment of interest or principal on outstanding bonds and
notes. As such, there is a small but rising risk of a short-lived default,” the
ratings agency said.
“Moody’s considers the probability of a default on
interest payments to be low but no longer to be de minimis,” it added.
U.S. stock ETFs closed well off their highs Wednesday as
earlier gains fizzled after Federal Reserve Chairman Ben Bernanke said the
central bank stands ready to change monetary policy in response to economic
weakness.
Treasury ETFs erased early losses and closed higher
Wednesday. [Treasury ETFs Volatile on ‘QE3’ Talk]…’
Bernanke's
"Untested" Stimulus Strategies Are Destined to Fail at Minyanville
Dutch exposure to Greece and the other PIIGS countries: it
is time to end the bailout madness. | Ernst's Blog
Bernanke
Says Fed Would Consider New Stimulus Effort New York Times | While no
additional actions appear imminent, Mr. Bernanke said in congressional
testimony Wednesday that the Fed would be prepared to act if necessary.
Bernanke
Fights Ron Paul In Congress: ‘Gold Isn’t Money’ Forbes | Chairman
Bernanke faced-off with Fed-hating Ron Paul during his monetary policy report.
Dollar
Falls as Fed Announces Possible QE3 Reuters | Dollar fell
against most major currencies and pushed the euro near $1.42, moving it further
from the prior session’s four-month low.
The next big hit to
the economy? The Lookout |
Disappearance of jobless benefits will take money out of circulation when
economic growth is seeking to gain some traction.
James
Turk: “Gold Is Our Defense Against the Fiat Currency Graveyard” Chris Martenson | Money
printing is the order of the day.
US
trade deficit widens to more than $50bn in May BBC | Oil prices
helped push imports to the second highest level on record, while exports fell
slightly from April’s record high.
Tonight
Tens Of Thousands Of Formerly Middle Class Americans Will Be Sleeping In Their
Cars The Economic Collapse | Economic
despair is beginning to spread rapidly in America.
Richard
Wolff: US is in serious trouble RT | What happens
when state and federal benefits run out later this year?
Rating
Agency Wars 2: The New Evil Empire Strikes Back – Dagong Says Likely To
Downgrade US Even If Debt Limit Raised Tyler Durden | The US’
sovereign credit rating is likely to be downgraded regardless of whether the US
Congress reaches an agreement on raising its statutory debt limit.
EU
declares war on agencies as Ireland’s rating gets junk status London Guardian
| Ireland yesterday became the third eurozone country to have its credit
rating downgraded to junk status.
National / World
Senator: Obama Creating Panic To Push Through Debt Hike Paul Joseph Watson | Fearmongering echoes how Congress was threatened with “martial law in
America” before the 2008 bailout vote.
Moody’s Puts USA On Credit Downgrade Watch CNBC | Moody’s has placed the US government AAA bond rating on watch for a
downgrade. IT'S
GOING TO HURT 'FOR LONG TIME TO COME' ‘God
bless us everyone’! … As if we didn’t
already know / feel it! ]
McConnell
calls for raising debt limit in steps Senate Republican leader offers to give
President Obama new power to raise debt ceiling as a “backup plan” in case
talks collapse. (Washington Post) [ As if we didn’t ultimately see that coming;
you know, it might affect their paychecks if they didn’t … . Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many
Republicans were more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that
wobama’s got a boehner … so not to be so hard on them; if pelosi says it, it
must be true … Not! …Pervasively corrupt, defacto bankrupt america, they, she
look pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan
on debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which
means like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J.
Buchanan | Is America then headed for an inevitable default? As
President Bush prepared to invade Iraq in September 2002, the head of his
economic policy council, Lawrence Lindsey publicly estimated such a war could
cost $100 billion to $200 billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain /
sinkhole new york (new york / new jersey metro) where, for example, FBI
informants were routinely exposed by ‘italians’ in the new york d.a.’s office
over the objection of the FBI, and were promptly ‘dispatched’/assassinated /
hit by mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
Though having but 5% of the world’s population, the u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Rights Group Urges Congress To Scrap Privacy Busting
Internet Bill Steve Watson | A prominent
online rights group has urged US lawmakers to scrap a proposal that would see
all internet providers required by federal law to store information on their
customers. Mom Arrested After Refusing TSA Molestation of Daughter Kurt Nimmo | Abbott was arrested by Nashville airport authorities after she refused
to let the TSA fondle her daughter. Sen. Mitch McConnell is Killing The Republic TheAlexJonesChannel | In blatant contradiction to the Constitution and intent
for the separation of powers.
Europe’s
debt crisis threatens Italy Sheer size of the world’s
seventh-largest economy could thwart any international attempt to bail it out.
(Washington Post) [ Yeah, dem’ darn PIIGS.
Reminds me of that joke (I won’t repeat it here) except the punch line:
‘That’s black bart’s girl’. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many
Republicans were more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ ( but greecy
Italy Italians voice concern over Italian debt crisis scenario (Washington
Post) [ Whew! Close call! There you go. Nothing to worry about now that wobama’s
got a boehner … so not to be so hard on them; if pelosi says it, it must be
true … Not! …Pervasively corrupt, defacto bankrupt america, they, she look
pretty greecey to me. After all, if the same’s wobama’s ‘far-reaching plan on
debt’, we all know ‘wobama the b’ (for b***s***) is total b***s*** which means
like Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects usually
funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J.
Buchanan | Is America then headed for an inevitable default? As
President Bush prepared to invade Iraq in September 2002, the head of his
economic policy council, Lawrence Lindsey publicly estimated such a war could
cost $100 billion to $200 billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious freedom,
freedom generally did they come to these shores. A rare exception to the influx
of immigrants to this young nation who turned out to be more a virus to the
indigenous peoples of this land than what could have been expected from those
of noble calling. Indeed, in evolutionary terms, it’s doubtful that those so
positioned abroad would have represented a positive addition to the gene pool
which, borrowing from an insurance term, viz., adverse selection, springs forth
the notion of inevitability to the genocide of the indigenous populations while
guaranteeing the decline we see throughout this foundering nation. The effects
of these negative predispositions toward inherent criminality is certainly
being felt globally as well as domestically and has little to recommend it. My
own direct experience with the region(s) (particularly new jersey, new york,
virginia, connecticut, california) carves out no exception for the prevalence
of the worst of human nature; which is now collectively and pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
Though having but 5% of the world’s population, the u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Vladimir Putin Calls Bernanke A Hooligan, Angry At
American Money Printing Tyler Durden | Who would
have thought that Ron Paul’s ideological ally in his quest to take down the Chairsatan
would be none other than Vladimir Putin.
Belfast
riots: More video of ‘Molotov cocktail’ battles in N. Ireland Russia Today | Northern
Ireland’s annual day of Protestant marches reached a fiery climax.
Three Blasts Reported
In Mumbai Business Insider | Four people have been reported
killed and 60 people have been injured in three blasts that took place in
Mumbai, late Wednesday.
‘Stupid
Libya war doomed to fail as EU falling apart itself’ RT | The French
Parliament is due to vote on extending the military campaign in Libya.
US airstrike
kills 4 Afghan civilians A US airstrike has killed at least four civilians in
Kunar province in northeast Afghanistan.
Killing
of Ahmed Karzai a setback for U.S. mission in Afghanistan American officials say Afghan president’s half-brother had evolved from
strongman to influential ally. (Washington Post) [ Yeah! This is a biggy ‘cause
he’s done such a great job helping with america’s surging heroin production,
distribution, trade in Afghanistan; you know, one of pervasively corrupt,
defacto bankrupt america’s raison d’etres for being in Afghanistan. Yet, this
is even a bigger plus for the Taliban who had all but eradicated the opium
trade and the attendant corruption in Afghanistan. Afghan CIA Drug Kingpin Shot Dead by Own Bodyguard Kurt Nimmo | ‘CIA has
been in the drug running business since the 1950s. Kurt Nimmo Infowars.com July 12, 2011
Ahmad Wali Karzai , the half brother of Afghan president
Hamid Karzai, was assassinated by one of his own bodyguards Tuesday morning.
Friend and trusted head of security Sardar Mohammed shot him in the head and
chest. Mohammed was in turn shot and killed by fellow bodyguards. The Taliban
claimed responsibility for the assassination.
In 2009 it was reported that Karzai was a major player in
the Afghan opium trade. According to reports, other members of the Karzai family are involved
“head-to-heels” in the drug business.
Ahmad Wali Karzai also worked for the CIA .
“The CIA has been complicit in the global drug trade for
years,” a former intelligence official told Newsmax in 2002. “The CIA
did almost the identical thing during the Vietnam War, which had catastrophic
consequences – the increase in the heroin trade in the USA beginning in the
1970s is directly attributable to the CIA.”
According to a
report in Presscore , the former Unocal employee Hamid Karzai and his family are heavily
involved in the CIA’s drug business.
“85 per cent of
all drugs produced in Afghanistan is being shipped aboard US aircraft. Foreign
diplomats have stated that the United States military buy drugs from local
Afghan drug lords who deal with field commanders overseeing eradication of drug
production,” states the report. The CIA provides protection for the enterprise.
The CIA has
been in the drug running business since the 1950s. In Burma,
Vietnam, Laos, Latin America, and Afghanistan , the CIA — also known as the
“Cocaine Import Agency” — has remained at the forefront of the international
illicit drug trade. The journalist Gary Webb and the San Jose Mercury News tied
the CIA and the Contras to a large crack cocaine ring in Los Angeles. Webb paid
with his life for revealing this information to the public.
Before the U.S.
invaded Afghanistan, the Taliban had imposed a ban on opium production. This
resulted in opium production collapsing by more than 90 per cent. It was the
U.S. supported Northern Alliance that came to the rescue and began protecting
the production of raw opium.
“CIA-supported
Mujahedeen rebels [who in 2001 were part of the Northern Alliance] engaged
heavily in drug trafficking while fighting against the Soviet-supported
government and its plans to reform the very backward Afghan society,” William Blum writes in The Real Drug Lords .
In a Fox News
report aired in April of 2010, correspondent Geraldo Rivera interviewed a solder in Afghanistan who
admitted the U.S. allows the opium trade to flourish.
The corporate
media has provided propaganda for the CIA’s drug business. “Curbing the
Taliban’s multimillion dollar opium poppy business was a major goal of a
military operation to seize this former insurgent stronghold,” the Associated Press reported in
March of 2010. “If they destroy the crops and curb the trade, they lose the
support of the population — a problem for which they have no easy solution.”
IN FACT, AS
PREVIOUSLY NOTED, THE TALIBAN BANNED OPIUM PRODUCTION AND ALMOST
ELIMINATED THE CROP A DECADE AGO.’
A
Perfect Financial Storm? at Forbes Bert Dohmen ‘Surprise,
surprise! The bulls were shocked by the employment report on July 8.
Suddenly, all the talk of the past two weeks about much stronger economic
growth was put on ice and the two words, “double dip,” which was the headline
of my Wellington Letter two months ago,
are back.
One headline on June 8 was “U.S. jobs growth ground to a
near halt in June.” Nonfarm payrolls rose only 18,000 in June, the
weakest since September. Yesterday, the ADP report suggested about 150,000 new
jobs, but the ADP numbers are very unreliable. The unemployment rate climbed to
a six-month high of 9.2 percent from 9.1 percent in May. The number of job
seekers in the labor force declined by 270,000 to one of the lowest
levels in over three decades. If it hadn’t been for that, the unemployment rate
would have been higher.
All of this was entirely predictable since February when
we warned of a sharp slowdown in the economy, while Wall Street was talking
about a good recovery. The reality of a sharply decelerating economy can no
longer be denied. There were numerous clues several months ago. One was
the fact that Federal corporate income tax receipts plunged 31% in the first
quarter of 2011 from a year earlier. There is an excellent correlation between
tax receipts and economic growth.
Other clues are the plunge in money velocity, no consumer
credit growth, barely noticeable business credit growth, and the erroneous
“real” GDP numbers that overstate actual growth because of faulty inflation
measures.
You see, “real,” inflation-adjusted GDP growth is
already down 50% from the optimistic Wall Street forecasts of early this year.
But it’s actually much worse. GDP numbers are inflated because of strong price
increases that are not reflected in the government’s inflation statistics.
That’s not “growth.” If actual inflation were deducted from nominal GDP, it
would show that the economy is already in recession.
The Institute for Supply Management’s (ISM) factory index
fell to 53.5 in May, the lowest since September 2009. Do you remember the
disastrous economy in 2009? “Private employment” now is 2% below the
level of ten years ago. Such a long term job loss over 10 years is
unprecedented, going back to 1890.
Our president tells us that “he” has created 2 million
jobs. The fact is that only 1.8 million of the 8.7 million jobs lost in the
recession of 2007-2009 have been regained. That’s a mere 20%. If that were a
stock or the market, we would call it a “dead cat bounce.”
The Empire State survey of manufacturing conditions on
June 15 reported a big drop to minus 7.8 from a plus 11.9 the prior month. Here
we are, tumbling downward, but economists tell us of “how great it’s going to
be later this year.”
This is not an economic recovery, but a weak bounce. The
problem for the economy is Washington. The great uncertainty produced by a
never-ending avalanche of new regulations, programs and proposals puts small
business people in a position of inaction. The only solution to the economic malaise
is jobs, jobs, jobs. But the greatest employers, small businesses, have no
reason to hire.
The problem in Washington is that there are too many
so-called “lawmakers;” they “work” full time, are in session every year, and
are easy targets for all the goodies the lobbyists pass out. They have been
making laws for more than 200 years, and they still aren’t done.
A New Credit Crisis?
There is now a convergence of huge credit problems:
1. Europe and the sovereign debt of the PIIGS countries
2. China and the imploding real estate bubble
3. The U.S. with the debate of the debt ceiling and
significant expenditure cuts
We could call it a perfect financial storm.
Wishing you capital preservation.’
Crude
Imports Spark New Growth in Trade Deficit Wall St. Cheat
Sheet
Fed Is Still The Market's Friend, Thanks To A Weak Recovery Advisor Intelligence/Forbes Kevin Mahn ‘Federal
Reserve Chairman Ben Bernanke announced late last month, during the second of
the Fed’s post-meeting press conferences, that Federal Reserve board members
and Federal Reserve Bank presidents have revised their economic growth
forecasts for the balance of 2011 and for 2012 and 2013 as well.
To be specific, the Federal Reserve cut their forecasts
for gross domestic product (GDP), an often-used measure of growth in the U.S.
economy, to a range of 2.7%-2.9% from a range of 3.1%-3.3% (which interestingly
was also revised down from a range of 3.4%-3.9% as recently as April 2011).
In addition minutes of the Fed’s last meeting, released
Tuesday, confirm that some Fed officials stand ready to provide additional
monetary stimulus if the recovery continues to sputter.
Further, GDP growth forecasts were lowered to a range of
3.3%-3.7% from a range of 3.5%-4.2% in 2012 and to a range of 3.5%-4.2% from a
range of 3.5%-4.3% in 2013.
The Federal Reserve also adjusted their forecasts for
unemployment and inflation, with both forecasts adjusted upward for the balance
of 2011 as well as for the calendar years of 2012 and 2013.
http://blogs-images.forbes.com/investor/files/2011/06/washington-post_fed_june-2011-300x231.jpg
Source: Federal Reserve. The Washington
Post, “Federal Reserve, acknowledging slowdown, reins in forecast for economic
growth” as published on June 22, 2011.
I was not surprised by the revisions to the Federal
Reserve forecasts as they reiterate the numerous headwinds that currently face
the stalling U.S. economic recovery. Such headwinds can be found in the jobs,
housing and commodities markets.
While Chairman Bernanke indicated that “temporary factors
are in part the reason for the slowdown,” we can only hope that the effects of
the cited headwinds are temporary as these headwinds place further stress on
already strained U.S. consumers whose spending patterns are a critical
component of a robust and sustainable U.S. economic recovery.
Remember that consumer spending currently accounts for
approximately 70% of our nation’s GDP. Hence, consumer spending and economic
growth are highly correlated and when Americans are uncertain about their household
finances and start to rein in their own spending, the U.S. economy, in turn,
generally does not grow as much as the following chart helps to illustrate.
http://blogs-images.forbes.com/investor/files/2011/06/the-atlantic_gdp-and-spending_april-2011-300x154.png
Source: Bureau of Economic Analysis. The Atlantic,” Chart of the
Day: How Slower Consumer Spending Stifles GDP” as published on April 28, 2011…’
Minyanville's T3 Daily Recap: Market Averts Disaster, but Sags
Late to Close Red ‘‘US markets closed in the red on Tuesday after turning lower in the
afternoon, but given the magnitude of pre-market losses, today really amounts to
a great escape for the bulls. S&P futures were down 15 handles overnight, and Italian markets were down
nearly 5% before rallying green and preventing a sharply lower open stateside.
For now it appears there are willing buyers on dips, but given the barrage of
negative headlines from Europe and a still bleak jobs picture, it's difficult
to be overly bullish. Retail stocks held in well, led by Lululemon Athletica
Inc. ( LULU ) which saw its 2-for-1 stock split go into effect today. Under Armour ( UA ), and Abercrombie & Fitch ( ANF ) are two retailers with very bullish cup and handle patterns, and if the market stays strong
expect them to breakout to new highs like LULU. Apple ( AAPL ) put in a large doji candle, signaling there could be some indecision at
these levels. Overall the market could use some rest after a volatile period,
and now is not the time to make big bets in either direction.’
Will the Second
Half of 2011 Be as Rocky as the First? ETFguide Simon
Maierhofer, July 12, 2011, Time flies. The 2011 calendar year is already half over,
and based on the main stream 2011 outlook, the market's performance surprised
many. I forgot just how bullish Wall Street and the media was when coming into
2011. Look at the headlines below and you'll see what I mean.
'Get over your fear and get back into stocks' - USA
Today, 12-17-2010
'Bullish on tech and 2011' - Barrons, 12-20-2010
'Don't see a double dip for housing' - Morningstar,
12-29-2010
'Economic rebound forecast for 2011' - Seattle Times,
12-12-2010
'Investor's forecast: Sunny with a chance of overheating'
- WSJ, 1-3-2011
'Why U.S. stocks may finally be a good buy' - Mootley
Fool, 1-3-2011
'Real estate: Finally a good investment' - SmartMoney,
1-19-2011
'Why the S&P is still a bargain' - USNews, 2-4-2011
'11 signs the economy is on the right path' -
MarketWatch, 2-10-2011
Judging the media with 20/20 hindsight is always a blast,
but I must admit that I was too chicken to provide a full 2011 forecast via the
ETF Profit Strategy Newsletter.
Vaguely Accurate
Here's what I told Investor's Business Daily when they
asked me for my 2011 forecast (published in IBD's December, 22, 2010 paper):
'The Fed is creating a bubble to contain the damage left
behind by the bust of the previous bubble(s). QE2, as desired by the Fed, has
led to indiscriminate buying of stocks and commodities.
On a historic basis, stocks are overvalued and set to
deliver long-term pain, not gain. Based on various sentiment gauges
(Institutional Investor survey of newsletter writers and American Association
for Individual Investors' survey of retail investors, the VIX, Chicago Board
Options Exchange Market Volatility Index, and CBOE put/call ratio), investors
are as optimistic about rising prices today as they were in late 2007.
Compared to 2007, unemployment has doubled, GDP has
tumbled, Americans' desire to spend has morphed into a new frugality and Europe
has caught a contagious financial virus. Based on sentiment, the cork may pop
at any time, although I wouldn't be surprised if the Fed's POMO (permanent
open-market operations) activity can keep prices afloat through much of 2011.
The upside is risky and active traders may follow the trend until it's broken.'
I admit that the outlook was somewhat on the vague side
but it steered investors in the right direction - follow the trend but watch
out for a correction and a possibly significant market top. The chart below
provides a glance at the S&P's performance since January 1, 2011 along with
various support/resistance points outlined by the ETF Profit Strategy
Newsletter.
http://www.etfguide.com/images/PDNewsletter_Images/spx%20-%207%2012%2011.gif
One Month at a Time
With the major index stretched to the breaking point but
momentum still strong, my strategy was to tackle the market one month at a
time. Initially it made no sense to buck the trend, but by mid-February, the
market seemed to have reached a breaking point. On February 18, I warned via
the ETF Profit Strategy Newsletter that: 'A fast and steep sell off from
current prices is possible.' However, 'If stocks don't fall below 1,255 and
1,229 we expect new recovery highs later in 2011.'
February 18 was a Friday. The following Monday was a
red-across-the-board kind of a day. The Nasdaq (Nasdaq: ^IXIC) opened Monday 38
points lower than it closed Friday and dropped an additional 39 points during
the day.
Formerly high-flying sectors like consumer discretionary
(NYSEArca: XLY - News ), industrials
(NYSEArca: XLI - News ), materials
(NYSEArca: XLB - News ), retail
(NYSEArca: XRT - News ) and
technology (NYSEArca: XLK - News ) followed
suit. The S&P (SNP: ^GSPC) dropped 23 points and the Dow (DJI: ^DJI) 177
points.
About two weeks later, the Japan Earthquake news rocked
the world and saw another wave of selling. But, the S&P never closed below
the 1,255 support and triggered a low-risk buy signal the week of March 14
(March 20, ETF Profit Strategy Update).
The up side target was outlined in the April 3 update of
the newsletter: 'There is a fairly strong Fibonacci projection resistance at
1,369. In terms of resistance levels, the 1,369 - 1,xxx (reserved for
subscribers) range is a strong candidate for a reversal of potentially historic
proportions.'
Bearish Case, Not Closed Yet
The S&P climbed as high as 1,370 and has since
dropped as much as 110 points. But once again, support surrounding the 1,255
level has not been breached.
In fact investor sentiment turned decisively bearish when
the S&P clocked in at 1,259. The June 17 ETF Profit Strategy Newsletter
summed the sentiment picture up as follows: 'It's soo bad, it's good. We expect
at the very least a relief rally.'
This rally came and frizzled away over the last three
trading days. Can it last?
The Presidential Election Cycle, which sports gang buster
pre-elections year performance, supports the idea of new highs later on in
2011. Naturally, the incumbent President will do whatever he can to court
Americans for their vote.
Financial Trickery
Shenanigans designed to 'bribe' investors include
maneuvers like releasing a portion of the U.S. Strategic Petroleum Reserve.
According to the New York Times, tapping into the oil reserve for frivolous
reasons is a bad idea because the oil (NYSEArca: USO - News ) will
eventually have to be replaced, usually at higher prices. But right now, the
priority is to make voters happy. Low gas prices will do just that.
Other financial tricks include changing how the Consumer
Price Index (CPI) is calculated. Lawmakers are proposing to change the CPI
methodology to include changed spending patterns caused by price increase. For
example, consumers tend to drive less when gas prices increase.
This would artificially lower the CPI and lower federal
spending by around $220 billion over the next decade. Passing such a proposal
would surely be touted as a victory in the battle against the debt ceiling
while social security recipients see their monthly checks shrink (social
security payments are linked to the CPI).
Another trick is 'QE2-light'. Yes, even though QE2 is
officially over, the Federal Reserve will continue to reinvest maturing
securities and buy Treasuries (NYSEArca: TLT - News ) from banks
(NYSEArca: KBE - News ) at the rate
of about $25 billion a month over the next year.
2011 Outlook
Quite frankly, formulating a high confidence 2011 outlook
right now is tricky (isn't it always). But here is what we do know:
A major market top is forming. The S&P reached the
bottom end of our target range (1,369) and was clearly rejected …’
Stocks fall after Ireland downgrade erases gains
Proper
Risk Assessment Exposes A Rally's True Character at Forbes William Scott O'Neil In our shop, trend-following is at the core
of our investing beliefs. We buy stocks when prices are trending up and sell or
sell short when prices are trending down. We also closely weigh the overall
balance between risk and reward in the market. Even though the last few weeks
have been the strongest short-term uptrend the market has had this year, my optimism
is guarded. The reason is risk.
Since the beginning of the year, the risk factors have
been piling up. When coupled with the beginnings of a new downtrend back in
June, I felt comfortable calling the market top ( See Is
the Bull Market Over? ). At
that time, I also expected to see a short-term bounce as a result of all the
heavy selling and the recent increase in bearish sentiment. Since then, the
market has rallied, and a handful of leaders have recently reasserted
themselves. A few of these have notched new highs.
This kind of situation gives investors hope, and that
hope can make them myopic. A strong two weeks does not erase the persistent
risk factors hanging over the market. Aside from the factors discussed in my
previous posts, here are some new developments:
The market
is trading near the upper end of overhead resistance levels. For the
uptrend to continue, we’d have to clear this upper area of resistance,
consolidate, and resume the uptrend in a meaningful way. As we come
out of that consolidation, it would be very positive to see true
conviction (volume) returning to the indexes. After
studying the recovery phase of the last seven major bear markets (those
down 45% or more, peak to trough), the average gain in year three was 3%.
As we are now in year three, the best case scenario is
probably a choppy, volatile market going forward. The only
positive catalyst on the horizon is earnings season. Earnings are
projected to be, once again, very strong, ( Alcoa kicked
off earnings season yesterday by hitting EPS expectations of 32 cents) but
remember, last quarter’s earnings were excellent (by and large), and the
market was unable to lift and move higher. There is a
lack of conviction on behalf of stock buyers. The last eight up days in a
row, with closes at the top of the range on the NASDAQ, have been
positive, but all of the up days have been on volume less than the 50-day
average volume. Several
leading stocks have broken out of chart patterns on lower volume. Results
from these breakouts have been mixed, and to me, the breakout failures
cast doubt on a sustained uptrend. Many
leading stocks are around their 52-week highs, but they got there on
mediocre volume. This underscores a lack of conviction within this market
environment. Significant
market uptrends normally don’t start in July (the peak of the summer
doldrums). The market
is still very sensitive to the news of the day…’
Is
the Bull Market Over? (more
accurately, bull cycle in a secular bear market – answer: Yes!) William Scott O'Neil ‘On May 23, I posted an
article on Intelligent Investing titled Is
the Bull Market Topping? Since then I’ve continued to interpret
the facts and market action. Amidst persistent choppy gains and losses, I’m
further convinced of a downtrend.
In our shop, however, we never dig in our heels when it
comes to the stock market; we remain flexible in our thinking. Quite frankly, I
would love to have the market prove me wrong and resume a meaningful uptrend.
Remember, there is never really a bull or bear side, just the right side.
However, my big concern at this point is the lack of a
catalyst. For the risk-reward ratio to improve in our favor, I believe we need
resolution on some of the more pressing domestic and international issues. Some
of the most respected minds in the market have recently told me that, in all
their years in the industry, they have never seen so many major issues
happening across the world at the same time.
Certainly meaningful job growth in this country would
help. And the way to grow jobs is through the creation and expansion of
businesses, particularly small businesses. Small business creates roughly 85%
of all jobs in this country. We also have to implement an effective solution to
the real estate housing glut.
Studying the recovery phase of the last seven major bear
markets (those down 45% or more, peak to trough), the average gain in year
three was 3%. We are now in year three. So, to me, the best-case scenario right
now is a continuation of a sideways, back-and-forth, volatile market, which is
the most dangerous type.
A choppy market is much more dangerous than a down
trending market (assuming the investor uses selling rules). Thus my
interpretation of the risk-reward at this time is very, very poor.
We will inevitably get several short-term bounces, but
will they be significant enough to build substantial positions over time?’
The next big hit to
the economy? The Lookout |
Disappearance of jobless benefits will take money out of circulation when
economic growth is seeking to gain some traction.
Moody's downgrades Ireland debt to junk status
Trade gap surges to nearly 3-year high on oil
James
Turk: “Gold Is Our Defense Against the Fiat Currency Graveyard” Chris Martenson | Money
printing is the order of the day.
US
trade deficit widens to more than $50bn in May BBC | Oil prices
helped push imports to the second highest level on record, while exports fell
slightly from April’s record high.
Stocks open
sharply lower on global fears AP | Stock
markets opening lower amid fresh fears about global economy.
Gold
In Euros At New Record As Fears Of European Contagion Get Worse Zero Hedge | Gold is
trading at $1,543.94/oz, €1,108.99/oz and Ł976.81/oz.
A
Bad Mood Has Descended On World Financial Markets The Economic
Collapse | Have you noticed that a really bad mood seems to have
descended on world financial markets?
Cisco To Fire 10,000
People Business Insider | Cisco is planning to fire as
many as 10,000 people, Bloomberg reports.
An
Explanation Of What Is Really Going On Behind The Scenes As Rome Burns Tyler Durden | Unable to
keep with the events in Europe which are now literally changing on an hourly
basis? Fear not.
National / World
Less Than One Quarter Support Obama’s Libya Bombardment Steve Watson | A new Rasmussen poll reveals that less than one quarter of voters
believe that the U.S. should continue military action in Libya.
Wikileaks’ Assange to Address 9/11 Conspiracy? Prison Planet Live | Assange may be about to address concerns over his comments last year
that 9/11 truth was a “false conspiracy” which he found “annoying”.
Afghan CIA Drug Kingpin Shot Dead by Own Bodyguard Kurt Nimmo | Ahmad Wali Karzai, the half brother of Afghan president Hamid Karzai,
was assassinated by one of his own bodyguards Tuesday morning.
U.S. Drones Kill 45 In Pakistan; 2nd Highest Death Toll
Ever Business
Insider | The drone strikes
came just a day after the U.S. suspended $800 million of military aid to
Pakistan, citing “difficulties” in the relationship.
Mexican Outlaws Get Guns Via ATF Joseph Alan Sanchez | The ultimate end of the plan is to make possession of
guns the ultimate evil.
Less Than One Quarter Support Obama’s Libya Bombardment Steve Watson | A new Rasmussen poll reveals that less than one quarter of voters
believe that the U.S. should continue military action in Libya.
Wikileaks’ Assange to Address 9/11 Conspiracy? Prison Planet Live | Assange may be about to address concerns over his comments last year
that 9/11 truth was a “false conspiracy” which he found “annoying”.
Afghan CIA Drug Kingpin Shot Dead by Own Bodyguard Kurt Nimmo | ‘CIA has
been in the drug running business since the 1950s. Kurt Nimmo Infowars.com July 12, 2011
Ahmad Wali Karzai , the half brother of Afghan president
Hamid Karzai, was assassinated by one of his own bodyguards Tuesday morning.
Friend and trusted head of security Sardar Mohammed shot him in the head and
chest. Mohammed was in turn shot and killed by fellow bodyguards. The Taliban
claimed responsibility for the assassination.
In 2009 it was reported that Karzai was a major player in
the Afghan opium trade. According to reports, other members of the Karzai family are involved
“head-to-heels” in the drug business.
Ahmad Wali Karzai also worked for the CIA .
“The CIA has been complicit in the global drug trade for
years,” a former intelligence official told Newsmax in 2002. “The CIA
did almost the identical thing during the Vietnam War, which had catastrophic
consequences – the increase in the heroin trade in the USA beginning in the
1970s is directly attributable to the CIA.”
According to a
report in Presscore , the former Unocal employee Hamid Karzai and his family are heavily
involved in the CIA’s drug business.
“85 per cent of
all drugs produced in Afghanistan is being shipped aboard US aircraft. Foreign
diplomats have stated that the United States military buy drugs from local
Afghan drug lords who deal with field commanders overseeing eradication of drug
production,” states the report. The CIA provides protection for the enterprise.
The CIA has
been in the drug running business since the 1950s. In Burma,
Vietnam, Laos, Latin America, and Afghanistan , the CIA — also known as the
“Cocaine Import Agency” — has remained at the forefront of the international
illicit drug trade. The journalist Gary Webb and the San Jose Mercury News tied
the CIA and the Contras to a large crack cocaine ring in Los Angeles. Webb paid
with his life for revealing this information to the public.
Before the U.S.
invaded Afghanistan, the Taliban had imposed a ban on opium production. This
resulted in opium production collapsing by more than 90 per cent. It was the
U.S. supported Northern Alliance that came to the rescue and began protecting
the production of raw opium.
“CIA-supported
Mujahedeen rebels [who in 2001 were part of the Northern Alliance] engaged
heavily in drug trafficking while fighting against the Soviet-supported
government and its plans to reform the very backward Afghan society,” William Blum writes in The Real Drug
Lords .
In a Fox News
report aired in April of 2010, correspondent Geraldo Rivera interviewed a solder in Afghanistan who
admitted the U.S. allows the opium trade to flourish.
The corporate
media has provided propaganda for the CIA’s drug business. “Curbing the
Taliban’s multimillion dollar opium poppy business was a major goal of a
military operation to seize this former insurgent stronghold,” the Associated Press reported in
March of 2010. “If they destroy the crops and curb the trade, they lose the
support of the population — a problem for which they have no easy solution.”
IN FACT, AS
PREVIOUSLY NOTED, THE TALIBAN BANNED OPIUM PRODUCTION AND ALMOST
ELIMINATED THE CROP A DECADE AGO.’
Book:
Julian Assange Held Back Wikileaks About U.S., Israel Prison Planet
Live | Assange is quoted as saying that negative cables concerning the United
States and Israel were deliberately omitted from initial Wikileaks releases
last year to prevent the organization being stereotyped as anti-American.
Indiana
latest US state to drop handwriting requirement BBC | The move is
part of the Common Core State Standards Initiative.
US
Official: No Tangible Evidence at Hand to Prove Iran’s Aid to Iraqi Militants Fars News
Agency | No proof to substantiate allegations about Iran’s arms
shipment to militant groups in Iraq.
Debt
talks emphasize parties’ differences
Talks between the president and congressional Republicans grew more
contentious, as GOP leaders flatly rejected tax increases as part of a
bipartisan agreement to restrain the nation’s mounting debt. (Washington Post)
[ Geithner
says hard times to continue for many Panetta appears to link al-Qaeda presence with Iraq
invasion Washington Post | Defense Secretary Leon Panetta
on Monday appeared to justify the U.S. invasion of Iraq as part of the war
against al-Qaeda. Panetta:
Al-Qaeda defeat near Afghan
guard fatally shoots NATO soldier (Washington Post) [ Riiiiight! And, you
can take that to america’s bankrupt treasury as we hear this same regurgitation
for the umpteenth time from california’s own pinyata pinhead panetta. The
problem with such an outlandish boast which of course is lost on ‘wobama the b’
(for b***s***)’s own pinyata is that you can’t defeat a good idea from their
legitimate perspective of resistance to tyranny/aggression. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many
Republicans were more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ (Washington Post)
[ Whew! Close call! There you go. Nothing to worry about now that wobama’s got
a boehner … so not to be so hard on them; if pelosi says it, it must be true …
Not! …Pervasively corrupt, defacto bankrupt america, they, she look pretty
greecey to me. After all, if the same’s wobama’s ‘far-reaching plan on debt’,
we all know ‘wobama the b’ (for b***s***) is total b***s*** which means like
Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J.
Buchanan | Is America then headed for an inevitable default? As
President Bush prepared to invade Iraq in September 2002, the head of his
economic policy council, Lawrence Lindsey publicly estimated such a war could
cost $100 billion to $200 billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
Though having but 5% of the world’s population, the u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Europe’s
debt crisis sinks U.S. stocks
Markets fall sharply as investors fear crisis could spread from Greece
to larger countries like Italy and Spain. (Washington Post) [ If it was only
that, there’d be reason to cheer. I don’t even believe it’s really part that;
in that, this scenario was predicted even as the frauds on wall street latched
on to the spurious ‘wobama-like’ (b***s***) story that a ‘grecian formula’
was at hand so as to rally those computer-driven stock prices for half /
quarter / month end window dressing based as usual on fraud and b***s*** alone
to keep suckers sucked in to this suckin’ suckers market for which the
churn-and-earn is a net negative in real economic terms for everyone but the
frauds on wall street …IT'S
GOING TO HURT 'FOR LONG TIME TO COME' ‘God bless us
everyone’! … As if we didn’t already
know it / feel it! ]The frauds on wall street et
als should be criminally prosecuted, jailed, fined, and disgorgement imposed ! STOCKS
BARELY FALL AFTER MOUNTAIN OF BAD NEWS: Here's What You Need To Know Business
Insider Weisenthal Economic
scenario far worse than expected (and in this pre-election year the reality is
still far worse than reported), yet stocks still rallied off lows to keep
suckers sucked in to this fraudulent market
Click
here to see the new scariest jobs chart ever
http://www.businessinsider.com/details-from-the-awful-june-june-jobs-report-2011-7 > See all 12 charts from St Louis Fed: http://static8.businessinsider.com/image/4e1712edcadcbba25f030000-595-356/chart.jpg Stocks
rally on jersey-based, former Lautenberg ADP still paltry, better than expected
157,000 private jobs number and one’s got to wonder ‘who got paid’, one way or
another, for the fudge. Then there’s the horrific ‘american tech’. Retail? The
defacto bankrupt government’s probably buying with money they don’t have, at
best; and, as with other data in these desperate pre-election-year times, plain
false, falsified, fudged, spun. Previous day, all bad news … from eurozone
(protugal, et als), to asia zone (china worse than expected), to america (where
to begin, from defacto bankruptcy, to debased currency, to insurmountable debt
/ dervice, to pervasive corruption, etc.) … stocks rally on fraud and b***s***
alone. Previous, higher oil price rally, along with Netflix
‘technology rally’ … Don’t make me laugh! … Total desperation on wall street
and in Washington … How pathetic! … Jobless claims at 428,000 much
worse than expected; and, don’t forget, these are desperate ‘pre-election
times’ when regardless of factual reality (ie., fake reports, data, as, ie.,
‘wobama hometown’ corrupt chicago ISM is up as even their youth gangs are
showing increased criminal activity which probably accounts for the rise; ie.,
meth, crack labs, etc.?) data / reports are fudged / faked / spun. Foreclosure,
distressed sales up, at least on paper with contracts signed, so no surprise
nor reason to cheer here, as markets worldwide jump on the american crazy train
for a short-lived bounce as all problems remain. This is the same month end (and quarter, half) spurt /
window dressing based on b***s*** alone to keep the suckers suckered and an
especially great time to sell / take profits since there’s much worse to come!
Talk about milking the greek crisis for the umpteenth time a so-called solution
(and there are loads of greecy scenarios worldwide … I don’t think so and neither does Schaeffer who says: ‘…even once
such a package is passed it only buys time. Actually fixing the fiscal
condition of Greece is not something that can be solved in a matter of weeks,
or even months… ‘ but it’s great press for the
churn and earn and to keep the suckers suckered. Technology
rally? Defacto bankrupt american technology is horrendous but great sizzle for
the new fraud as in the dotcom bust days. Then there’s the greasy b.s. new
greecy b.s. factor. The rally into the close and the
previous so-called (4 day) ‘rally’ was based on b***s*** alone to keep the
suckers suckered and for ‘smarter money ‘ along with the frauds to sell into.
This is an especially great opportunity to sell / take profits while you still
can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If
You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [
He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock
sales is telling. At 565 sells for every 1 buy, it’s never been
higher. Yes, it’s normal for insiders to be selling some of their stocks so
they can buy new yachts and some of this is pre-planned. But that ratio — which
has spiked recently — is extraordinarily high, one might even say
off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default
Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press” climaxed Sunday with a startling market
prognostication from David Brooks, conservative columnist for the NY Times . The risk of a debt default over the combustible issue of the Medicare
deficit hangs over the course of the stock market. Buyers Beware!“I was up in
Wall Street this week,” Brooks said. “They’re vastly underestimating the
source of piolitical risk here. We could have a major problem, I think, either
this summer or the next couple years. And I’d be worried about investing too
much in the market. That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says Market Crash 6/30/11?Technical
indicators suggest market collapse may begin by June 30th Dennis Slothower is
one of the world’s leading technical analysts. He’s one of the few advisors
whose readers completely avoided ALL losses during the disaster that was 2008.
And now he’s issuing another dire warning. His technical indicators suggest
that the market manipulation we’ve seen over the last several months is about
to come to an end…and that means thousands of investors are about to get
clobbered. This correction could begin as soon as June 30th – so it’s important
that you take action now to prepare yourself. StealthStocksOnline.com STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a
devastating long-term economic decline..’ ]
States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived
mideast turmoil and their wars to obfuscate and divert attention from their
failure. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS
– PLEASE BE CAREFUL OUT THERE! ‘ Dave's
Daily 'If you can
keep interest rates this low this long, its inevitable cheap financing can
allow companies to start cobbling each other up. Further Ben's policies allow
companies like IBM to sell bonds at 1% and buy back shares with the proceeds
(total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St.
S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell
Milbank:
Boehner stuck in a bind (Washington Post) [ Riiiiight! It seems that wobama apologist, Mr.
Milbank is beginning to share those ‘democrat wet dreams’; you know, the ones
where republicans are all tied up with nowhere to go; those perverse ‘bind and
torture fantasies’. Never mind that this pervasively corrupt nation is indeed
defacto bankrupt, with few real and realistic choices. The real ‘kicker’ here
is the fact of this ‘pre-election year’ which complicates all candor and
reality. Ultimately, owing to wobama’s mendacity, it’s the nation that’s in the
bind. Geithner says
hard times to continue for many
But not for his frauds on wall street for whom everyone’s expected to
keep sacrificing; and, ultimately their negative churn-and-earn in real
economic terms has to come from some place, ie., you, yours, main street, etc.,
and has manifested in the QE’s, etc.. Well, there you have it. The product of
his, wobama et als’ policies; viz., unhappy days are here again’ or, hard times
for most are here to stay, or, you get the picture, your pain their gain. Fed
Can Manipulate Markets, But Can't Reverse Economy at
Minyanville Toby Connor Jul 11, 2011
‘I believe that we have begun the topping process of this cyclical bull market
[ in this secular bear market ]. In a healthy market an intermediate decline is
a profit-taking event after a significant leg up. It should hold well above the
prior intermediate bottom. The decline into the June low was not a
profit-taking event. The market had not rallied long enough or far enough to
warrant an intermediate correction and certainly not one that would test the
March lows. The decline in May and June was the first shot across the bow that
something was wrong with the fundamentals driving this market. http://image.minyanville.com/assets/FCK_Jan2011/Image/July11/1-spx%20new%20bearb.JPG Click to enlarge
Obama
rules out short-term debt-ceiling deal Facing a bitter stalemate over how to
raise the federal borrowing limit, President Obama summoned congressional
leaders to a new round of talks and warned that he would not accept a stopgap
measure. (Washington Post) [
Drudgereport: Protesters
burn American flag during Obama visit to Puerto Rico -- a
U.S. territory ... [ I find even his retirement costs
objectionable. Obama: My
family is ‘fine’ with one term Politico | President
Barack Obama says his family is “not invested” in a second term. The unctuous
pandering by the wobamas is nauseating. And, michele’s fundraisers? What’s up
with that? Wobama’s such a glomming golem / slug. Obama
says if he were Weiner, he’d resign
President Obama on Monday waded into the debate over whether embattled
Rep. Anthony Weiner should step down, saying, “If it was me, I would resign..Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke| ..Obama is just
more of the same, a big smile with strings attached, and controlled completely
by those that chose him, trained him, sold him and provided his record funding,
kept his many skeletons under wraps, like the gay sex and crack cocaine ..
Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to be with your
Presidential camp, who is alleged to claim that someone claiming to represent
me called asking for $100,000, to keep me from coming forward about our (Obama
and I) November 1999 encounter of sex and cocaine use?), ... Obama is just
another Banksters' moll prostituting himself .., and that's why he supported
the grotesque bail-out of the banking system and why he will always put their
interests before the people. ] http://albertpeia.com/obamadeceptionhighqualityversion.flv Stocks
sink after bleak jobs report A much weaker-than-anticipated
unemployment report indicates that the economy is still struggling. (Washington
Post) [ Sink? I don’t think so? Why not, and why the rally into close
regardless of the dismal reality? Well, that’s the miracle of computer
programmed high-frequency trading; then there’s also the more blatant fraud.
Oh, stocks will indeed sink, because economic prospects really do stink! Sink
like a rock, or like Iraq! The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! STOCKS
BARELY FALL AFTER MOUNTAIN OF BAD NEWS: Here's What You Need To Know Business
Insider Weisenthal Economic
scenario far worse than expected (and in this pre-election year the reality is
still far worse than reported), yet stocks still rallied off lows to keep
suckers sucked in to this fraudulent market
Click
here to see the new scariest jobs chart ever
http://www.businessinsider.com/details-from-the-awful-june-june-jobs-report-2011-7 > See all 12 charts from St Louis Fed: http://static8.businessinsider.com/image/4e1712edcadcbba25f030000-595-356/chart.jpg Stocks
rally on jersey-based, former Lautenberg ADP still paltry, better than expected
157,000 private jobs number and one’s got to wonder ‘who got paid’, one way or
another, for the fudge. Then there’s the horrific ‘american tech’. Retail? The
defacto bankrupt government’s probably buying with money they don’t have, at
best; and, as with other data in these desperate pre-election-year times, plain
false, falsified, fudged, spun. Previous day, all bad news … from eurozone
(protugal, et als), to asia zone (china worse than expected), to america (where
to begin, from defacto bankruptcy, to debased currency, to insurmountable debt
/ dervice, to pervasive corruption, etc.) … stocks rally on fraud and b***s***
alone.
Obama
tries to keep his balance THE TAKE | The
president must wring concessions out of Republicans while reassuring his
Democratic allies. (Washington Post) [ Keep his balance? Come on! Wobama is
mentally unbalanced! Indeed, the current problems are self-created being of his
own making with actions belying the words that got him elected. In fact, he’s
spending like mad on war despite having condemned same as contraindicated in
light of the plethora of domestic problems facing the nation, which of course
has led to the current debacle / debt crisis. As failed as his failed
predecessor, dumbya bush et als, wobama in a stereotypical fashion has breathed
new life into that racy joke of old, ‘for a nickel I will’. Wobama is really
quite pathetic and all that … bad. Wobama’s a totally failed president! Barack
Obama: The Naked Emperor Shocking but true revelations from David Icke: ..Obama is just more of the same, a big smile with
strings attached, and controlled completely by those that chose him, trained
him, sold him and provided his record funding, kept his many skeletons under
wraps, like the gay sex and crack cocaine .. Larry Sinclair (from affidavit: 1.
Who is Ron Allen that claims to be with your Presidential camp, who is alleged
to claim that someone claiming to represent me called asking for $100,000, to
keep me from coming forward about our (Obama and I) November 1999 encounter of
sex and cocaine use?), ... Obama is just another Banksters' moll prostituting
himself .., and that's why he supported the grotesque bail-out of the banking
system and why he will always put their interests before the people. ] http://albertpeia.com/obamadeceptionhighqualityversion.flv Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. Afghanistan
spending questioned (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Drudgereport: TEMPLETON
chairman: Financial Crisis 'Around Corner'... 'WE
ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...'
S&P
WARNS GREECE OF DEFAULT -- EVEN WITH BAILOUT! 'Impossible
knot'...
Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job... DEBT
TALKS BREAK DOWN... McConnell:
Deal Not Possible With Obama … [ I think this shoe fits wobama ...
African-American unemployment at 16% ... (But there’s rationality in this stat
as people avoid their disgustingly uncivilized noisy rap ‘boomboxes’. Then
there’s the attitude. I truly believe from direct experience that even when
their outright aggression, assaults on persons and the senses, and otherwise
obnoxious behavior is not apposite, the personality disorder ‘passive /
aggressive’ is applicable, however indirectly expressed.) ] ... 'Backup
plan'...
OBAMA
THREATENS TO HOLD UP SOCIAL SECURITY CHECKS RUBIO:
Every Aspect of Life in America is Worse Since Obama Took Over... GE
Immelt lectures biz owners: 'Stop complaining about government'... FLASHBACK:
(GE )Company Paid NO TAXES Last Year...
OBAMA:
LET'S STAY IN IRAQ... FLASHBACK:
'I intend to remove all U.S. troops from Iraq by the end of 2011'... KARZAI'S
BROTHER ASSASSINATED IN KANDAHAR... Gunned
down in home by bodyguard... 'Huge
boost for Taliban'... Obama
'far apart' from Republicans on debt deal... Boehner:
Debt Deal Not Imminent... TORMENT
@ 9.2%
State
and local governments bleeding jobs... Top
Obama adviser says unemployment won't be key in '12 … (riiiiight!…talk about
wishful thinking and self-delusion)...
BUCHANAN:
DC Establishment 'in Panic'... SANTELLI:
'The answer is easy: Spend less!' Italy's
borrowing costs soar... Berlusconi appeals for national unity and 'sacrifices'...
New
Fears on Italy Jolt Europe... Soros:
Europeans now need 'plan B'...
Mob
Of Teenage Girls Attacks Minneapolis Mom, 4-Year-Old Daughter...
Air
Conditioner Thieves Hit 7 Churches In Texas...
THEY'RE
HERE! BOEHNER:
Taxes 'off table'... Debt Talks Turn to Social Security Cuts... CHARGE:
Bypassing Congress to raise debt would be 'impeachable'...
Mullen
Accuses Tehran of Arming Iraq Militias… [
Riiiiight! Iraq’s the ‘boogey-man / bad guy’ in Iraq … not war crimes
nation america which invaded based on known lies ] ...
LONDON
BRIDGES FALLING DOWN: Coulson 'to be arrested tomorrow'... Gov't
decision on SKY takeover 'delayed'...
UPDATE:
China warns U.S. officials not to meet Dalai Lama...
CHICAGOLAND:
THIEVES STEAL ENTIRE A/C UNITS FROM HOUSES
UPDATE:
Teen Dead After Beach Brawl... Wisc
beating victim: 'They just said "Oh, white girl bleeds a lot"'...
US
Lawmakers Accuse DOJ of Cover-up in Botched Gun-Running Op... CA Prison Shrink Paid $838,706 Last Year... CA
companies flee state... No
recession for 454 White House aides: They'll make $37,121,463 this year... United
States of 'gloom'...
Iran
Ridicules: America is Not Independent...
SHOCK:
Father with HIV raped 6-month-old son...
MEDIA
BLOWS IT, AGAIN... NANCY
GRACE LEFT SPUTTERING: 'SOMEWHERE OUT THERE, THE DEVIL IS DANCING TONIGHT'... Attorney:
Case Was 'Media Assassination'... 'Now
you have learned a lesson'... CBS
host breaks down... 'TOT
MOM' CLEARED BY COURT...
JURY:
NO MURDER! Only
guilty of lying to cops...
Portugal's
Debt Downgraded to Junk... CHINA:
USA 'ALREADY DEFAULTING'... DOLLAR
TO 'LOSE RESERVE STATUS'
Economy
Expected to Have Major Slide in Months Ahead... NEW
IMF CHIEF FROM CHICAGOLAND... MARK
HALPERIN CALLS OBAMA 'A DICK' ON LIVE TV... POLL:
Obama 42%, any
Republican 46%... Campaign
signals fundraising fail... UPDATE:
Minnesota Government Shuts Down... Washington
state closes tourism office... Florida
state workers get pink slips, more cuts ahead...
FEDS
STRIKE DOWN STATE'S BAN ON RACE CONSIDERATION IN COLLEGE ADMISSIONS...
SoCal
Looks to Secede from California...
REPORT:
U.S. Air Force, Navy still flying hundreds of missions over Libya... FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA
FIGHTS FOR HIS RIGHT TO BOMB LIBYA... ) GETTING
NERVOUS
NEWT:
Obama 'most successful food stamp president in American history'...
Bachmann:
Media wants 'to see two girls come together and have a mud wrestling
fight'…[Well, I don’t know about the mud wrestling, but voyeurs all, ‘come
together’ sounds about right … playing ‘victim’ does not become a presidential
candidate. ] ...
Palin:
Hollywood stars as 'full of hate'... ["What
would make someone be so full of hate?" palin asks … answer: resistance to
someone as dumb and full of war-mongering hate as she is! ]
REPORT:
NATO forces ARE
trying to assassinate Qaddafi...
Los Alamos under siege from wildfire... 'Throwing absolutely everything at this that we got'...
BLAGO
LIKELY HEADED TO PRISON... 'What
happened?' But
he gets to keep his hair... Fitz
finally wins one!
GUILTY
IN CHICAGOLAND... 17
of 20 counts... Tried
To Sell Obama's senate seat... Jury
DEADLOCKED on Rahm shakedown... Blago
to lawyer: 'What happened?' 'Stunned'...
JOBLESS
WEAK: 429,000... ...disappointed Economic
trouble puzzles Fed chief...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... THE NEW
'NORMAL' GALLUP
PLUNGE... Approval
-4, disapproval +5 -- in one day!
DOWN
TO THIRD: USA 'TO FALL BEHIND INDIA' IN TRADE... DEM
FIX: MORE SPENDING! Bernanke
speaks, stocks sink... FORBES:
'Admits he's clueless'...
CBO:
Long-Term Debt Picture Worsens... Would
reach 101% of GDP by 2021... STUDY:
State, local gov'ts must raise taxes $1,400 a year for
30 years to fund pensions...
Millionaires
shrug off downturn; Wealthy richer than before crisis...
Zuckerman:
'We now have more idle men, women than at any time since Great Depression'...
SHOCK
POLL: ONLY 3 in 10 WILL VOTE FOR OBAMA... 66%
say US headed in 'wrong direction'...
Greece
Agrees on New Austerity Plan With EU, IMF... ANGER
IN ATHENS... 'BLACK
HOLE'...
WH
TRANSCRIPT: 'Over the last 15 months we’ve created over 2.1 million private
sector jobs. (Laughter.)'...
REPORT:
GANNETT to slash more jobs across the country… [ No surprise here for this
pathetic shill, rag publisher. The only real newspaper consistent with a
tradition of courage, excellence, and respect for the first amendment is The
Washington Post …] ...
DEBT
TALKS BREAKDOWN; TAX BUST
S&P:
Risk of U.S. credit rating downgrade increased...
Chicago
county faces $108 billion
gap in pensions....
Greek
Streets 'Explosive'... PM
wins confidence vote 'but outlook remains dire'...
Huntsman
announces presidential bid at Statue of Liberty... Harry
Reid endorses... Bachmann
surges to primary lead...
Iraq
hunting $17 billion missing after U.S. invasion... NATO
NIGHTMARE: 9 CIVILIANS KILLED NATO strike kills 15 Libyan civilians ]
Census:
Whites lose majority among babies... German
Giant Says US Workers Lack Skills... PAPER:
AMERICA'S LOST DECADE? States
look to Internet taxes to close budget gaps...
SPANIARDS
ON MARCH OVER BLEAK PROSPECTS...
House will move this week to limit funding for effort in Libya...
'DON'T
BE SURPRISED IF ATHENS GOES UP IN FLAMES'... GREEK
PM PLEADS FOR UNITY! ...warns
against default Threat
to downgrade Italian debt raises contagion fears... Princess
Diana Conspiracy Movie Headed to Theaters...
]
PAPER:
AMERICA'S LOST DECADE?
Bachmann:
Obama 'has failed' blacks, Hispanics... Presidential
no-show miffs Hispanics... African-American
unemployment at 16%... ]
SHE'S
OFF! (on the road again) Michelle Obama embarks on Africa visit … (stay there!)
... Michelle Obama Admits: 'Fortunately, We Have Help From The Media'... CHICAGOLAND:
Rahm's Top Cop Blames Gangs, Crime on 'Gov't-Sponsored Racism'... Likens
federal gun laws to 'racism'...
Teen
Mob Of 50 Hits Chicago WALGREENS... Teen
brutally beaten by mob of blacks; cops
mull 'lynching' charge... Princess
Diana Conspiracy Movie Headed to Theaters... [ British
queen arrives in Ireland Queen Elizabeth II’s visit overshadowed by security
scares. (Washington Post) [ ‘How sweet she is’ … that ‘sweet liz’ … that is
… Diana
film causes stir at Cannes “Unlawful
Killing” has a combination of celebrity, controversy and canny hype-mongering.
(Washington Post) [ Let’s not kid
ourselves … and, Dodi Fayed’s father was no dope and knew the score. Indeed,
it’s not coincidental that William’s the over-riding favorite of granny Liz II;
after all, Harry’s the bastard son of Hewitt (don’t buy into their DNA proffer
which they did buy – you know, that ‘bloodline thing’). Moreover, it was
reported that Diana had another ‘potential challenger in the oven’ at the time
of her death and we all know how dicey such english affairs of state can be
(ie., Henry VIII, Richard III, etc.). Then there’s the contempt of Diana for
having brought the son of her bosom, Chas, down. Do I think she said flat out
‘kill Diana’. No … more of a ‘do what’s necessary’ to mi6 et als. Ultimately,
William will require some substantial therapy to sort out this looming
conflict. After all, Diana was his mother.
Drudgereport: British
woman decapitated in grocery store; killer flees with head... Cannes:
Diana doc slams UK royals as 'gangsters'... ] Protesters
burn American flag during Obama visit to Puerto Rico -- a
U.S. territory ... [ I find even his retirement costs
objectionable. Obama: My
family is ‘fine’ with one term Politico | President
Barack Obama says his family is “not invested” in a second term. The unctuous
pandering by the wobamas is nauseating. And, michele’s fundraisers? What’s up
with that? Wobama’s such a glomming golem / slug. Obama
says if he were Weiner, he’d resign
President Obama on Monday waded into the debate over whether embattled
Rep. Anthony Weiner should step down, saying, “If it was me, I would resign..Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke| ..Obama is just
more of the same, a big smile with strings attached, and controlled completely
by those that chose him, trained him, sold him and provided his record funding,
kept his many skeletons under wraps, like the gay sex and crack cocaine ..
Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to be with your
Presidential camp, who is alleged to claim that someone claiming to represent
me called asking for $100,000, to keep me from coming forward about our (Obama
and I) November 1999 encounter of sex and cocaine use?), ... Obama is just
another Banksters' moll prostituting himself .., and that's why he supported the
grotesque bail-out of the banking system and why he will always put their
interests before the people. ] http://albertpeia.com/obamadeceptionhighqualityversion.flv
Minyanville's T3 Daily Recap: Italian debt worries take US
markets lower ‘US markets saw a sell-off with the SPDR S&P ETF ( SPY ) falling 2%,
its largest 2-day decline since March, as European debt worries continued to
grow and US lawmakers let another day pass without cutting the deficit or
raising the debt ceiling. stocks . The costs of
insuring Italian and Spanish debt soared to all-time levels in the euro
currency era, bringing selling pressure to Italian stocks despite recent curbs
on short-selling. LNKD ), Apple ( AAPL ) and Lululemon
Athletica ( LULU ) all saw
buyers and tried to rally the broad market, in the same manner seen during
Friday’s open. Even Netflix ( NFLX ) briefly
touched new 52-week highs. However, the weakness in commodity related names as
investors flocked to the US dollar, eventually dragged the market to fresh
intra-day lows. data showed slowing
US job creation and Chinese imports. The SPDR Gold Trust ( GLD ) and iShares
Silver Trust ( SLV ) got early
support from investors seeking a safe haven from the Euro currency , but silver
faded with crude oil into the close while gold finished near highs. WLT ) and AK Steel
Holdings ( AKS ) closing down
over 4% ahead of Alcoa ( AA ) earnings . Occidental
Petroleum ( OXY ) and Range
Resources ( RRC ) were among
the oil stock laggards, losing over 4% on the session. Mosaic ( MOS ) dropped
nearly 5% to lead agricultural stocks lower. RENN ), China
Dangdang ( DANG ) and Sina ( SINA ) all sank over
7%, showing relative weakness after demonstrating strength for the last two
weeks. It's possible that reports saying Chinese inflation for June advanced at
the fastest pace in three years may have added to downside selling pressure. C ), which was
down 5% since the bank has the largest exposure to Europe among US banks.
Nasdaq 2802.62 (-2.00%) NYSE 8228.73 (-2.16%) AMEX 2377.48 (-1.85%) S&P 500 1319.49 (-1.81%) US Oil Fund 37.29 (-1.35%)
USD
EUR CAD MXN
1 USD=
1.000 0.712 0.969 11.747
1 EUR= 1.405 1.000 1.361 16.501
1 CAD=
1.032 0.735 1.000 12.127
1 MXN=
0.085 0.061 0.082 1.000
Retirees
Should Have More Annuities, Fewer Stocks
Equities should be no more than 25% of your portfolio, says Robert
Powell.
Large
Banks Responsible for Mortgage Disaster Might Be Able to Buy Immunity for $30
Billion cryptogon.com | Hell, why bother spending any
money on a settlement? If nobody from Lehman went down—fuggetaboutit.
Whatever
Happens, Commodities Win: Jim Rogers CNBC | Jim Rogers,
the CEO and Chairman of Rogers Holdings, told CNBC that no matter what happens
to the global economy, he will make money with his commodity positions.
What An
American Bank Run Would Look Like Tyler Durden | Technically
the title of this post is wrong: the truth is that nobody could possibly know
or predict what a bank run would looks like.
EU
calls emergency meeting as crisis stalks Italy Reuters | European
Council President Herman Van Rompuy has called an emergency meeting of top
officials dealing with the euro zone debt crisis for Monday morning.
Stocks open
sharply lower on global fears AP | Stock
markets opening lower amid fresh fears about global economy.
Uh
Oh – Italy Is Coming Apart Like A 20 Dollar Suit The Economic
Collapse | Did anyone really think that Italy would be able to get
through this thing without needing a bailout?
Geithner:
“[For A Lot of People] It’s Going to Feel Very Hard, Harder than Anything
They’ve Experienced in Their Lifetime Now, For a Long Time to Come” Washington’s Blog | Many
Americans will face hard times for a long time to come.
U.S.
Must Borrow Another $5,240 Per Household Just to Fund Gov’t at Current Level
Through Sept. 30 CNS News | According to
the CBO’s latest estimate of the fiscal 2011 deficit and the Treasury
Department’s latest accounting of the federal debt.
Geithner:
Americans will face hard times for a long time to come Washington’s
Blog | Geithner has been a big part of the problem.
Stocks
sink after bleak jobs report A much weaker-than-anticipated
unemployment report indicates that the economy is still struggling. (Washington
Post) [ Sink? I don’t think so? Why not, and why the rally into close
regardless of the dismal reality? Well, that’s the miracle of computer
programmed high-frequency trading; then there’s also the more blatant fraud.
Oh, stocks will indeed sink, because economic prospects really do stink! Sink
like a rock, or like Iraq! The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed ! STOCKS
BARELY FALL AFTER MOUNTAIN OF BAD NEWS: Here's What You Need To Know Business
Insider Weisenthal Economic scenario far worse than expected (and
in this pre-election year the reality is still far worse than reported), yet
stocks still rallied off lows to keep suckers sucked in to this fraudulent
market Click
here to see the new scariest jobs chart ever
http://www.businessinsider.com/details-from-the-awful-june-june-jobs-report-2011-7 > See all 12 charts from St Louis Fed: http://static8.businessinsider.com/image/4e1712edcadcbba25f030000-595-356/chart.jpg Stocks rally on jersey-based, former Lautenberg
ADP still paltry, better than expected 157,000 private jobs number and one’s got
to wonder ‘who got paid’, one way or another, for the fudge. Then there’s the
horrific ‘american tech’. Retail? The defacto bankrupt government’s probably
buying with money they don’t have, at best; and, as with other data in these
desperate pre-election-year times, plain false, falsified, fudged, spun.
Previous day, all bad news … from eurozone (protugal, et als), to asia zone
(china worse than expected), to america (where to begin, from defacto
bankruptcy, to debased currency, to insurmountable debt / dervice, to pervasive
corruption, etc.) … stocks rally on fraud and b***s*** alone. Previous,
higher oil price rally, along with Netflix ‘technology rally’ … Don’t make me
laugh! … Total desperation on wall street and in Washington … How pathetic! … Jobless claims
at 428,000 much worse than expected; and, don’t forget, these are desperate
‘pre-election times’ when regardless of factual reality (ie., fake reports,
data, as, ie., ‘wobama hometown’ corrupt chicago ISM is up as even their youth
gangs are showing increased criminal activity which probably accounts for the
rise; ie., meth, crack labs, etc.?) data / reports are fudged / faked / spun. Foreclosure,
distressed sales up, at least on paper with contracts signed, so no surprise
nor reason to cheer here, as markets worldwide jump on the american crazy train
for a short-lived bounce as all problems remain. This is the same
month end (and quarter, half) spurt / window dressing based on b***s*** alone
to keep the suckers suckered and an especially great time to sell / take
profits since there’s much worse to come! Talk about milking the greek crisis
for the umpteenth time a so-called solution (and there are loads of greecy
scenarios worldwide … I don’t think so
and neither does Schaeffer who says: ‘…even once such a package is passed it
only buys time. Actually fixing the fiscal condition of Greece is not something
that can be solved in a matter of weeks, or even months… ‘ but it’s great press
for the churn and earn and to keep the suckers suckered. Technology rally? Defacto bankrupt american technology is
horrendous but great sizzle for the new fraud as in the dotcom bust days. Then
there’s the greasy b.s. new greecy b.s. factor. Selling
In May Is Very Good Advice This Year
Harding Remember: Sell in May and Go
Away and If You’ve Not Sold by June, You’re a Loon! ‘Albert
Edwards: Thinks the Market Could Fall 70%’ PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock
sales is telling. At 565 sells for every 1 buy, it’s never been
higher. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Lenzner Another
Financial Crisis Is On The Way, Mobius Says
Market Crash 6/30/11?Technical indicators suggest market
collapse may begin by June 30th Dennis Slothower is one of the world’s leading
technical analysts. He’s one of the few advisors whose readers completely
avoided ALL losses during the disaster that was 2008. And now he’s issuing
another dire warning… STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a
devastating long-term economic decline..’ ]
States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast turmoil and their wars to obfuscate and
divert attention from their failure. Davis ‘This is how we pay off our current debts and I think bondholders
are simply happy to get anything out of a country that admits it owes $15Tn
(1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in
the form of unfunded liabilities. The funniest thing about this (and you have
to laugh) is to see Conservative pundits get on TV and talk about how we need
to cut $100Bn worth of discretionary spending to "fix" this (while
continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1%
each year). There is no fixing this and even a Republican said you can’t fool
all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE
CAREFUL OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this
low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares
and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St.
S&P Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell
Watching A Flatlining
Economy Bob Chapman | Government debt will be in the
vicinity of $1.5 trillion this year.
National / World
Obama Campaigner Working For CNN As “Independent”
Contributor Steve Watson | CNN has been caught in a conflict of interest as it
has emerged that a significant member of Barack Obama’s reelection campaign
staff is still working for the network as an independent political analyst.
Panetta Announces U.S. Plan to Attack Iraqi Shi’ite
Militias Kurt Nimmo | Obama’s new defense secretary, Leon Panetta, has told
troops in Iraq the U.S, plans to take on three Shi’ite militia groups in the
country. He directly accused Iran of arming and motivating the militias.
Panetta appears to link al-Qaeda presence with Iraq
invasion Washington Post | Defense Secretary Leon Panetta
on Monday appeared to justify the U.S. invasion of Iraq as part of the war
against al-Qaeda. Panetta:
Al-Qaeda defeat near Afghan
guard fatally shoots NATO soldier (Washington Post) [ Riiiiight! And, you
can take that to america’s bankrupt treasury as we hear this same regurgitation
for the umpteenth time from california’s own pinyata pinhead panetta. The
problem with such an outlandish boast which of course is lost on ‘wobama the b’
(for b***s***)’s own pinyata is that you can’t defeat a good idea from their
legitimate perspective of resistance to tyranny/aggression. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (WP) [Boehner
endorses Obama’s call for far-reaching plan on debt Many
Republicans were more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ (Washington Post)
[ Whew! Close call! There you go. Nothing to worry about now that wobama’s got
a boehner … so not to be so hard on them; if pelosi says it, it must be true …
Not! …Pervasively corrupt, defacto bankrupt america, they, she look pretty
greecey to me. After all, if the same’s wobama’s ‘far-reaching plan on debt’,
we all know ‘wobama the b’ (for b***s***) is total b***s*** which means like
Greecey PIIGS they’ll be back to the trough for more … slop … py. Davis ‘This is how we pay off our current debts and I think bondholders
are simply happy to get anything out of a country that admits it owes $15Tn
(1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in
the form of unfunded liabilities. The funniest thing about this (and you have
to laugh) is to see Conservative pundits get on TV and talk about how we need
to cut $100Bn worth of discretionary spending to "fix" this (while
continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1%
each year). There is no fixing this and even a Republican said you can’t fool
all of the people all of the time. Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J.
Buchanan | Is America then headed for an inevitable default? As
President Bush prepared to invade Iraq in September 2002, the head of his
economic policy council, Lawrence Lindsey publicly estimated such a war could
cost $100 billion to $200 billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
Though having but 5% of the world’s population, the u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
CRIME STATS (u.s.No.1) UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
Leaders
pressured in debt talks Rank-and-file lawmakers from both parties issue a
warning: Don’t take my vote for granted. Boehner:
No 'imminent deal' on debt Senate
Democrats draft debt-reduction plan Dems
incensed over proposed Social Security cuts (Washington Post) [Boehner
endorses Obama’s call for far-reaching plan on debt Many
Republicans were more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ (Washington Post)
[ Whew! Close call! There you go. Nothing to worry about now that wobama’s got
a boehner … so not to be so hard on them; if pelosi says it, it must be true …
Not! …Pervasively corrupt, defacto bankrupt america, they, she look pretty
greecey to me. After all, if the same’s wobama’s ‘far-reaching plan on debt’,
we all know ‘wobama the b’ (for b***s***) is total b***s*** which means like
Greecey PIIGS they’ll be back to the trough for more … slop … py … Davis ‘This is how we
pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE OF
CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press” climaxed Sunday with a startling market
prognostication from David Brooks, conservative columnist for the NY Times . The risk of a debt default over the
combustible issue of the Medicare deficit hangs over the course of the stock
market. Buyers Beware!“I was up in Wall Street this week,” Brooks said.
“They’re vastly underestimating the source of piolitical risk here. We could
have a major problem, I think, either this summer or the next couple years. And
I’d be worried about investing too much in the market. That’s my financial
advice.”…’ Paul B. Farrell: 7 reasons U.S. needs a Good Depression now By Paul
B. Farrell , MarketWatch SAN
LUIS OBISPO, Calif. (MarketWatch) — ‘No, do not raise the debt-ceiling. You
heard me: Block the debt ceiling vote. Don’t raise it. America’s
out-of-control. A debt addict. Time to detox. Deal with the collateral damage
before it’s too late.
We need to fix America’s looming credit
default, failing economy and our screwed-up banking system. Now, with a Good
Depression. If we just kick the can down the road one more time, we’ll be
trapped into repeating our 1930’s tragedy, a second Great Depression.
Barton Biggs:
U.S. needs massive public works program The U.S. needs
to invest in a massive public works program, and rich people and corporations
should pay more taxes. Barton Biggs, of Traxis Partners, shares his views with
the Simon Constable.
Yes, depression. Spelled: d-e-p-r-e-s-s-i-o-n.
Wake up America, recessions do not work. Won’t work in the future. Remember
that 30-month recession after the dot-com crash? Didn’t work. Why? Because in
the decade since that 2000 peak, Wall Street’s lost an inflation–adjusted 20%
of America’s retirement money.
And what about the so-called Great
Recession of the 2008 credit meltdown? Didn’t work either. In fact, made
matters worse: Wall Street got richer by stealing from the other 98% of
Americans, the middle class, the poor. And now their conservative puppets in
Washington want to make matters worse, widening the wealth gap further to
benefit the Super Rich.
Seems nobody really gives a damn about
our great nation any more. America’s now a capitalists anarchy: “Every (rich)
man for himself.” Proxy battles are fought by high-priced lobbyists in a broken
political system. America needs a 21-gun wake-up call. Yes, that’s why America
needs a Good Depression. The economy’s bad now. But kicking the can down the
road again will make matters much worse later.
America’s
leaders lost their moral compass, lack a public conscience This is not our first call for a Good
Depression. As early as 2005 we began reporting on excessive debt. In November
2007 we warned of a crash dead ahead. The subprime credit meltdown had been
accelerating for many months, although for a year our leaders kept misleading
Americans: Fed Chairman Ben Bernanke’s “it’s under control.” Treasury Secretary
Henry Paulson’s delusional “best economy I’ve ever seen in my lifetime.”
In August 2008 came the original of our
seven reasons why America needs a Good Depression. Yes August, just two months
before Wall Street banks collapsed into de facto bankruptcy, after many
warnings predicting a crisis. This was no Black Swan. In September 2008 we
reported on Naomi Klein, author of “Shock Doctrine: The Rise of Disaster
Capitalism,” warning of Wall Street’s insidious plan to take over America:
“Nobody should believe the overblown
claims that the market crisis signals the death of ‘free market’ ideology.”
Then as the meltdown went nuclear, Klein warned: “Free market ideology has
always been a servant to the interests of capital, and its presence ebbs and
flows depending on its usefulness to those interests. During boom times, it’s
profitable to preach laissez faire, because an absentee government allows
speculative bubbles to inflate.”
But “when those bubbles burst, the
ideology becomes a hindrance, and it goes dormant while big government rides to
the rescue. But rest assured,” she predicted, Reaganomics “ideology will come
roaring back when the bailouts are done. The massive debts the public is
accumulating to bail out the speculators will then become part of a global
budget crisis that will be the rationalization for deep cuts to social programs,
and for a renewed push to privatize.”
Totally
predictable: No Black Swans in 2000, 2008 … nor in 2012 Yes, all was predictable: The events of
the past few years were well known in advance. In fact, the events of the
entire decade were predictable. The rich got richer off the backs of the middle
class and the poor. Why? “There’s class warfare all right,” warns Warren
Buffett. “But it’s my class, the rich class, that’s making war, and we’re
winning.”
And they are also blind and deaf to the
havoc their free-market Reaganomics policies are creating, selfishly
undermining America, the world’s greatest economic power.
Lessons learned? Zero. Why? Wall Street,
Washington and Corporate America are focused on one narrow-minded short-term
strategy: Economic g-r-o-w-t-h, bull markets, megabonuses, tax cuts. In good
times they tout “free markets.” But when greed bombs, they throw free-market
“principles” under the Reagan Revolution bus and unleash their mercenary
lobbyists to go whining to Congress for huge taxpayer bailouts and access at
the Fed discount window, to siphon off more taxpayer money. And they’ll do it
again soon,
Wall Street and their cronies are doing
such a miserable job, America needs a new strategy: First, stop “kicking the
can down the road.” Let a good old-fashioned Good Depression do the job that
our hapless, happy-talking leaders refuse to do. Take our medicine. Let a new
depression clean house and reawaken Americans to core values.
Trust me folks, it’s either a Good
Depression now … or a Great Depression 2. Here are seven reasons favoring the
do-it-now strategy:
1: Capitalism’s
now a lethal soul sickness, needs a reawakening What’s the real problem? Not the
economy, not markets, nor even politics. Yes, our economic pains are real. But
they’re just symptoms. Something’s structural wrong. Since 2000 endless bad
news: Greed, deceit, stupidity, corruption, unethical behavior, lack of moral
conscience.
The real problem’s deep in our
character, the “mutant capitalism” Jack Bogle warned of in “The Battle for the
Soul of Capitalism.” Sadly, that battle was lost. With it we lost our soul, our
moral compass. America’s character is measured by our net worth.
2. We’re
already in the early stages of a Great Depression Comparing today with the Great
Depression is common sport. In a Newsweek special “Seeing Shades of the 1930s,”
Dan Gross wrote: “Wall Street, after two terms of a business-friendly
Republican president, self-immolated on a pyre of greed, incompetence and
excessive optimism.” Today’s “new normal” economy means high unemployment for
years, inflation driving prices, rising interest rates, more debt, chaos.
We are destroying ourselves from within.
Former U.S. Comptroller General David Walker warns that “there are striking
similarities between America’s current situation and that of another great
power from the past: Rome.” Three reasons “worth remembering: declining moral
values and political civility at home, an overconfident and overextended
military in foreign lands, and fiscal irresponsibility by the central
government.” We are becoming more vulnerable to external enemies.
3. Good
Depression exposes our self-destruct bubble-thinking Before the 2008 crash, “Irrational
Exuberance” author Robert Shiller warned in the Atlantic magazine that “bubbles
are primarily social phenomena. Until we understand and address the psychology
that fuels them, they’re going to keep forming.” Housing inflated 85% in the
decade: “Historically unprecedented … no rational basis for it.”
Bubble thinking is an toxic virus that
infected everyone. Shiller warns of another coming: “We recently lived through
two epidemics of excessive financial optimism … we are close to a third
episode.”
4. Good
Depression will stir outrage, force real reforms Writing in the Wall Street Journal, Jim
Grant, editor of the Interest Rate Observer, wrote: “Why No Outrage? Through
history, outrageous financial behavior has been met with outrage. But today
Wall Street’s damaging recklessness has been met with near-silence, from a too
tolerant populace.” Grant worries that Wall Street will run “itself and the
rest of the American financial system right over a cliff.”
But we only went to the edge in 2008.
Today, a rebellious “throw the bums out” hostility is blowing a new kind of
bubble: Three years ago we did not have Tea Party, union fights, the Arab
Spring and Greek austerity riots, all signs of an dark angry future sweeping
across America.
5. Good
Depression forces Wall Street to think outside the box In a powerful Bloomberg Markets feature,
“No Easy Fix,” we’re told Wall Street’s “profit formula has hit a wall.” Their
“money-making machine is broken and efforts to repair it after the biggest
losses in history are likely to undermine profits.”
Even Mad Money’s Jim Cramer openly
admits hedge fund managers are pocketing megaprofits at capital gains rates
while laughing at the stupidity of a broken political system that gives
hundreds of billions in tax breaks to the richest, then takes taxes off the
table as our middle class is dying under massive unsustainable deficits. Soon
angry mobs will “fix” Wall Street.
6. Good
Depression will deflate America’s warring soul The American economy is a “war economy”
driven by a egomaniac. I saw it firsthand as a U.S. Marine. Americans love
being king of the hill, world’s cop, the global superpower. Why else spend 54%
of our tax dollars on a war machine, 47% of the world’s total military budgets.
Why? Our war machine generates such
“spectacular profits that many people around the world” are convinced America’s
“rich and powerful must be deliberately causing catastrophes so that they can
exploit them,” warns Klein in “Shock Doctrine.” No wonder the GOP takes
military spending, like tax cuts for the rich, off-the-table: The war industry
is a major political donor.
7. Good
Depression now … avoids a far bigger depression later In “The Price of Liberty: Paying for
America’s Wars,” Robert Hormats, undersecretary of state and a former Goldman
Sachs vice chairman, traces America’s wartime financing from the Revolutionary
War to present wars. He warns that today we’re “relying on faith over
experience, hoping that sustained growth will erase deficits and that the
ballooning costs of Social Security, Medicare and Medicaid will be manageable
in the coming decades without difficult reforms.”
Absent a brutal reset, we are on a
historically predictable course says Kevin Phillips, Nixon strategist and
author of “Wealth & Democracy:” “Most great nations, at the peak of their
economic power, become arrogant and wage great world wars at great cost,
wasting vast resources, taking on huge debt, and ultimately burning themselves
out.” Yes, burned out, unprepared.
So pray for a Good Depression earlier
rather than later. Choose now and we can be prepared for whatever comes. Or a
Great Depression will hit later, when we’re least prepared, the problems
bigger, our faith weaker … don’t raise the debt ceiling.’
Gearing up at the Bohemian Grove THE PRESS DEMOCRAT | Like everything else that transpires within the
Bohemians’ 2,700-acre enclave along the Russian River, the talks are secret.
Up to 15 years needed to fix Greece: German president Reuters | Greece will need a lot longer to resolve its debt problems than many people
in Europe are now acknowledging, German President Christian Wulff said.
TSA Chief Pistole Should Face Felony Charges For Lying to
Lawmakers Paul Joseph
Watson | Federal agency is
still conducting hand searches of young children despite claiming they were
eliminated last year.
Humanity vs. the Rise of the Machines Infowars | Society’s ruling elites have long ago pressured us to become mere ‘cogs
in the machine.’
TSA Lied to Lawmakers: Still Conducting Pat Downs on
Children Paul Joseph
Watson | Federal agency is
still conducting hand searches of young children despite claiming they were
eliminated last year.
William
and Kate land in California
(Washington Post) [ Drudgereport: THEY'RE
HERE! Princess
Diana Conspiracy Movie Headed to Theaters... [ British
queen arrives in Ireland Queen Elizabeth II’s visit overshadowed by security
scares. (Washington Post) [ ‘How sweet she is’ … that ‘sweet liz’ … that is
… Diana
film causes stir at Cannes “Unlawful
Killing” has a combination of celebrity, controversy and canny hype-mongering.
(Washington Post) [ Let’s not kid
ourselves … and, Dodi Fayed’s father was no dope and knew the score. Indeed,
it’s not coincidental that William’s the over-riding favorite of granny Liz II;
after all, Harry’s the bastard son of Hewitt (don’t buy into their DNA proffer
which they did buy – you know, that ‘bloodline thing’). Moreover, it was
reported that Diana had another ‘potential challenger in the oven’ at the time
of her death and we all know how dicey such english affairs of state can be
(ie., Henry VIII, Richard III, etc.). Then there’s the contempt of Diana for
having brought the son of her bosom, Chas, down. Do I think she said flat out
‘kill Diana’. No … more of a ‘do what’s necessary’ to mi6 et als. Ultimately,
William will require some substantial therapy to sort out this looming
conflict. After all, Diana was his mother.
Drudgereport: British
woman decapitated in grocery store; killer flees with head... Cannes:
Diana doc slams UK royals as 'gangsters'... ] Protesters
burn American flag during Obama visit to Puerto Rico -- a
U.S. territory ... [ I find even his retirement costs
objectionable. Obama: My
family is ‘fine’ with one term Politico | President
Barack Obama says his family is “not invested” in a second term. The unctuous
pandering by the wobamas is nauseating. And, michele’s fundraisers? What’s up
with that? Wobama’s such a glomming golem / slug. Obama
says if he were Weiner, he’d resign
President Obama on Monday waded into the debate over whether embattled
Rep. Anthony Weiner should step down, saying, “If it was me, I would resign..Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke| ..Obama is just
more of the same, a big smile with strings attached, and controlled completely
by those that chose him, trained him, sold him and provided his record funding,
kept his many skeletons under wraps, like the gay sex and crack cocaine ..
Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to be with your
Presidential camp, who is alleged to claim that someone claiming to represent
me called asking for $100,000, to keep me from coming forward about our (Obama
and I) November 1999 encounter of sex and cocaine use?), ... Obama is just
another Banksters' moll prostituting himself .., and that's why he supported
the grotesque bail-out of the banking system and why he will always put their
interests before the people. ] http://albertpeia.com/obamadeceptionhighqualityversion.flv
Fluoride
consumption leads to brain damage, says study Natural News | It is
becoming increasingly difficult for fluoride fanatics to defend the practice of
artificial water fluoridation, thanks to a plethora of new reports highlighting
its many dangers.
War
Declared on "War on Salt" at Minyanville
NASA astronauts trial urine sports drink Sydney Morning Herald The crew of Atlantis, the final mission
of the US space shuttle program, are testing a urine recycling system developed
by NASA that is capable of turning astronauts' pee into a tasty sports drink. [
This story’s a ‘real pisser’! Yuk! ]
Senate
Dems draft debt-reduction plan Proposal would slice $4 trillion over
the next decade without touching expensive programs. (Washington Post) [ Oooooh
… riiiiight! Over 10 years … that’ll happen; you can rely on them to do it …
Not!. Deficit
flip-flop Obama goes from do-nothing to demagogue. (Washington Post) [ Well, if the
shoe fits … (it does) … (he) wear(s) it … Come on! Nothing ‘wobama the b’ (for
b***s***) says has meaning or substance beyond the ephemeral soundbite. He’s a
totally failed president, like dumbya bush et als before him and in many ways
worse owing to his penchant for lending ‘no meaning’ to his words. He’s
pathetic! That’s reality! He’s totally incompetent like those others before him
and lacks even basic understanding of the core issues confronting the nation
(ie., economics, finance, and, surprisingly since it’s the easiest to fare well
at owing to pervasively corrupt-defacto-bankrupt america’s (though rapidly
declining) position, global geopolitics.
Unconstitutional
for Obama to Raise Debt Ceiling Without Congress Peter Roff ‘Alibi’
Obama Who is best to run against the president and his excuses? (Washington
Post) [ Yeah! Really quite true! Wobama the b (for b***s***) is all excuses,
all b***s***. But, don’t strain yourself. It really doesn’t matter since
wobama’s a failed president whose failure speaks for himself (and his
teleprompter). As such, it matters very little who, since whoever, beats wobama
hands down. He has a record of failure and actions that have consistently
belied his words. Indeed, wobama’s a fraud in the inducement (campaign
promises) and a fraud in the factum (in fact). As failed as dumbya bush,
there’s a nausea factor that’s become attached to wobama(s) like no
other(s). Drudgereport: POLL:
Obama 42%, any
Republican 46%...
OBAMA:
LET'S STAY IN IRAQ... FLASHBACK:
'I intend to remove all U.S. troops from Iraq by the end of 2011'... Campaign
signals fundraising fail... UPDATE:
Minnesota Government Shuts Down... Washington
state closes tourism office... Florida
state workers get pink slips, more cuts ahead...
FEDS
STRIKE DOWN STATE'S BAN ON RACE CONSIDERATION IN COLLEGE ADMISSIONS...
SoCal
Looks to Secede from California...
REPORT:
U.S. Air Force, Navy still flying hundreds of missions over Libya... FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA
FIGHTS FOR HIS RIGHT TO BOMB LIBYA... ) GETTING
NERVOUS
NEWT:
Obama 'most successful food stamp president in American history'... ]
Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J.
Buchanan | Is America then headed for an inevitable default? As
President Bush prepared to invade Iraq in September 2002, the head of his
economic policy council, Lawrence Lindsey publicly estimated such a war could
cost $100 billion to $200 billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
Though having but 5% of the world’s population, the u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t
think so! I do believe that both nations are regressively but nostalgically
trying bring the world back to failed geopolitical paradigms that made the 20th
century the bloodiest century, not coincidentally the american century
(obviously for israel the latter half century). Yet, such a conditioned
psychopathic approach to global matters has led them self-destructively,
self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs,
extinction, at least in a manner of speaking. Global information exchange at
lightning speed has made such throwbacks to a lost era, propaganda, and
maladaptive traits foolish at best, deadly at worst. Intelligent people
worldwide aren’t buying the obsolete, Orwellian approach fostered by the
purveyors of global unrest; viz., israel, america, Orwellian england, etc.;
more specifically, diversion of the masses from the glaring failures of
leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Jobs
report dulls economic outlook Data challenge the idea that economy
was held back by temporary factors that occurred in the first few months of
2011. (Washington Post) [ Oh come on! Let’s get real here and call a spade a
spade! This is pre-election year and as good as it gets. Then there’s the fudge
/ fake / false factors that require substantial discounting, if not disbelief
of anything they say (I don’t believe anything they say). The frauds on wall
street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed ! STOCKS
BARELY FALL AFTER MOUNTAIN OF BAD NEWS: Here's What You Need To Know Business
Insider Weisenthal Economic scenario far worse than expected (and
in this pre-election year the reality is still far worse than reported), yet
stocks still rallied off lows to keep suckers sucked in to this fraudulent
market Click
here to see the new scariest jobs chart ever
http://www.businessinsider.com/details-from-the-awful-june-june-jobs-report-2011-7 > See all 12 charts from St Louis Fed: http://static8.businessinsider.com/image/4e1712edcadcbba25f030000-595-356/chart.jpg Stocks rally on jersey-based, former Lautenberg
ADP still paltry, better than expected 157,000 private jobs number and one’s
got to wonder ‘who got paid’, one way or another, for the fudge. Then there’s
the horrific ‘american tech’. Retail? The defacto bankrupt government’s
probably buying with money they don’t have, at best; and, as with other data in
these desperate pre-election-year times, plain false, falsified, fudged, spun.
Previous day, all bad news … from eurozone (protugal, et als), to asia zone
(china worse than expected), to america (where to begin, from defacto bankruptcy,
to debased currency, to insurmountable debt / dervice, to pervasive corruption,
etc.) … stocks rally on fraud and b***s*** alone. Previous,
higher oil price rally, along with Netflix ‘technology rally’ … Don’t make me
laugh! … Total desperation on wall street and in Washington … How pathetic! … Jobless claims
at 428,000 much worse than expected; and, don’t forget, these are desperate
‘pre-election times’ when regardless of factual reality (ie., fake reports,
data, as, ie., ‘wobama hometown’ corrupt chicago ISM is up as even their youth
gangs are showing increased criminal activity which probably accounts for the
rise; ie., meth, crack labs, etc.?) data / reports are fudged / faked / spun. Foreclosure,
distressed sales up, at least on paper with contracts signed, so no surprise
nor reason to cheer here, as markets worldwide jump on the american crazy train
for a short-lived bounce as all problems remain. This is the same
month end (and quarter, half) spurt / window dressing based on b***s*** alone
to keep the suckers suckered and an especially great time to sell / take
profits since there’s much worse to come! Talk about milking the greek crisis
for the umpteenth time a so-called solution (and there are loads of greecy
scenarios worldwide … I don’t think so
and neither does Schaeffer who says: ‘…even once such a package is passed it
only buys time. Actually fixing the fiscal condition of Greece is not something
that can be solved in a matter of weeks, or even months… ‘ but it’s great press
for the churn and earn and to keep the suckers suckered. Technology rally? Defacto bankrupt american technology is
horrendous but great sizzle for the new fraud as in the dotcom bust days. Then
there’s the greasy b.s. new greecy b.s. factor. The rally into the
close and the previous so-called (4 day) ‘rally’ was based on b***s*** alone to
keep the suckers suckered and for ‘smarter money ‘ along with the frauds to
sell into. This is an especially great opportunity to sell / take profits while
you still can since there's much worse to come! Selling
In May Is Very Good Advice This Year
Harding Remember: Sell in May and Go
Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert
Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock
sales is telling. At 565 sells for every 1 buy, it’s never been higher.
Yes, it’s normal for insiders to be selling some of their stocks so they can
buy new yachts and some of this is pre-planned. But that ratio — which has
spiked recently — is extraordinarily high, one might even say off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press” climaxed Sunday with a startling market
prognostication from David Brooks, conservative columnist for the NY Times . The risk of a debt default over the
combustible issue of the Medicare deficit hangs over the course of the stock
market. Buyers Beware!“I was up in Wall Street this week,” Brooks said.
“They’re vastly underestimating the source of piolitical risk here. We could
have a major problem, I think, either this summer or the next couple years. And
I’d be worried about investing too much in the market. That’s my financial
advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says Market Crash 6/30/11?Technical
indicators suggest market collapse may begin by June 30th Dennis Slothower is
one of the world’s leading technical analysts. He’s one of the few advisors
whose readers completely avoided ALL losses during the disaster that was 2008.
And now he’s issuing another dire warning. His technical indicators suggest
that the market manipulation we’ve seen over the last several months is about
to come to an end…and that means thousands of investors are about to get
clobbered. This correction could begin as soon as June 30th – so it’s important
that you take action now to prepare yourself. StealthStocksOnline.com STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a
devastating long-term economic decline..’ ]
States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast turmoil and their wars to obfuscate and
divert attention from their failure. Davis ‘This is how we pay off our current debts and I think bondholders
are simply happy to get anything out of a country that admits it owes $15Tn
(1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in
the form of unfunded liabilities. The funniest thing about this (and you have
to laugh) is to see Conservative pundits get on TV and talk about how we need
to cut $100Bn worth of discretionary spending to "fix" this (while
continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1%
each year). There is no fixing this and even a Republican said you can’t fool
all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE
CAREFUL OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this
low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares
and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St.
S&P Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell
[video]Anemic
Hiring Sparking Selling TheStreet.com TV
Top 3 Reasons Markets Were Down After the BLS Jobs Report July 8, 2011 Wall St. Cheat
Sheet ‘ Markets closed down on Wall Street today: Dow -0.49% , S&P -0.70% ,
Nasdaq -0.45% , Oil -2.31% , Gold +0.85% .
On the commodities front, Oil (NYSE:USO) made
another reversal, falling back down to $96.39 a barrel after yesterday’s $2
jump. Precious metals continued to rise, with Gold (NYSE:GLD) up to $1,543.50
an ounce and Silver (NYSE:SLV) up 0.48% to $36.71 an ounce.
Today’s markets were down because:
1) Jobs report. Jobs report. Jobs report. Did I mention
jobs report? The Bureau of Labor Statistics released their monthly jobs report
this morning, which showed next to no job growth in June, and actually showed
that unemployment had increased by 545,000 since March. The report also showed
that May’s job growth, originally reported at 54,000, was really less than half
that figure. For that reason, the Dow (NYSE:DIA), S&P (NYSE:SPY), and
Nasdaq (NASDAQ:NDAQ) all dropped about 1% this morning, though they have
recovered somewhat since then.
2) Conglomerate stocks took a hit . Big conglomerate
stocks with high trading volumes like General Electric (NYSE:GE), Emerson
Electric (NYSE:EMR), Tyco International (NYSE:TYC), United Technologies Corp.
(NYSE:UTX), and Textron Inc. (NYSE:TXT) all suffered major losses on the
markets today. The best faring of the five was Textron Inc., shares of which
were down 0.68% today. The five heavily traded stocks all trade on the NYSE,
helping to bring down the whole index, where decliners outnumbered advancers
today, two to one.
3) Capital goods weighed down the markets. Capital goods
stocks were also a heavy weight on the NYSE, with Honeywell International
(NYSE:HON), Cummins Inc. (NYSE:CMI), Caterpillar (NYSE:CAT), Deere &
Company (NYSE:DE), and even Boeing (NYSE:BA) all down 1% to 2%. The one bright
note is that BA, DE, and CAT are all recovering somewhat in after-hours
trading…’
[video]
Bad Jobs Report Causes Broad Selling at TheStreet.com
Earnings growth cooled in second quarter Fri, 08 Jul 2011 Earnings growth
cooled in the second quarter as companies struggled with disruptions from
Japan’s erthquake ... Sara Sjřlin , MarketWatch NEW YORK (MarketWatch) — Earnings growth
cooled in the second quarter as companies struggled with disruptions from
Japan’s earthquake and higher costs, according to analysts polled ahead of
Monday’s unofficial start to the reporting season [I don’t buy any of the foregoing rationale for the more
realistic worse than expected results in the second quarter. To be sure, there
is no underestimating the global effects of the Japanese disruptions. Moreover,
their (Japanese) commitment of capital to domestic concerns will impact
international markets still more than currently discounted. Yet, if anything,
the Japanese disruption was a ‘non-recurring gift’ to american companies; and
hence, worse for american companies to come. ]
Investing
in Commodities: Warren Buffett Says “The Dollar Is Going to Get WorthLess Over
Time!” Wall St. Cheat Sheet
Lousy jobs number complicates debt deal for both Obama and GOP - By Jim Tankersley National Journal June's woefully underwhelming
increase in jobs is a climactic twist in the negotiations between President
Obama and congressional Republicans over federal borrow... The Lost Decade: Bill Clinton on how to spur job growth and the
economy [ Come on! Let’s get real
now! The ‘c man who does what he did because he could’, clinton was the
unequivocal benefactor of the peace dividend courtesy of Reagan / Gorbachev,
the latter playing a greater role than credited; such role being rishy for him
and his and a testament to the rational ,courageous, and civilized traits
inherent to the Russian people. You’ll not see such rationality among the war
mongering, pervasively corrupt american though defacto bankrupt.
Ugly
Job Chart Just Got Uglier; Investors Doubt Washington at Forbes
Hard
to Call This the Best Job Recovery in 25 Years at The Wall
Street Journal Mark Gongloff ‘We
just got a note from perennial market cheerleader James Paulsen of Wells
Capital Management, who tried to goad us to look past the grim jobs report by
yell-typing:“As Bad as the current monthly numbers are (and there is no other
way to paint them), believe it or not, the job market is still “making progress”
this year and is still doing as well or even better at the two year mark than
either of the last two recoveries (1991 and 2001) during the last quarter
century!!!?”Sorry, Jim, but this chart, often posted at Calculated Risk , makes me question the validity and/or relevance of this claim. http://s.wsj.net/public/resources/images/OB-OQ628_jobs_E_20110708161723.jpg “In terms of lost payroll jobs, the 2007 recession is by
far the worst since WWII,” writes CR.’
STOCKS
BARELY FALL AFTER MOUNTAIN OF BAD NEWS: Here's What You Need To Know Business
Insider Joe Weisenthal,
On Friday July 8, 2011 ‘Crazy end to
a crazy week! But first, the scoreboard:
Dow: -64.86
And now, the top stories:
The first
thing you need to realize is that stocks have been riding a really wild,
8-day winning streak, which has wiped out basically all losses for the
year. The ride up was jaw-dropping, as fears about the economy and Europe
moved to the back burner.
US markets
were basically serene about the whole thing in anticipation of the jobs
report at 8:30 AM. Everyone was expecting good things after two weeks of
decent data, strong markets, and yesterday's killer ADP number. And then
it was a total disaster on virtually every level. Nobody found a silver
lining at all. You can see the ugly details here .
Naturally,
stocks instantly tanked on the news. The Dow fell over 100 points in early
going. It looked like the wheels could come off, and again, given the huge
runup. But then, markets rebounded. Granted, it was still a tough day, but
65 points lost on the Dow? Please. That could have easily happened on
better news.
What's
more, in terms of corporate movers, some of the hot momentum names gained:
SodaStream, LinkedIn, Apple, and Netflix (!) all closed higher. Banks got
whacked.
Top
Obama adviser says unemployment won’t be key in 2012 Ian Swanson | Obama’s
senior political adviser David Plouffe said people won’t vote in 2012 based on
the unemployment rate.
White
House Adviser Austan Goolsbee: ‘This Is Not A Double Dip’ Reuters | Goolsbee
says U.S. economy is not facing a double-dip recession [ But rather is in the
midst of a continuing downturn soon to be recognized as the depression this
decline already is, despite the nation-bankrupt spending of money not really
there to obfuscate and cover up that fact. ]
Unconstitutional
for Obama to Raise Debt Ceiling Without Congress Peter Roff | President
Barack Obama, we have been told many times, is a constitutional scholar.
US
Needs To Generate 254,000 Jobs A Month For 65 Months To Get To Pre-Depression
Employment By End Of Obama Second Term Zero Hedge | There is no
way in hell the US economy can create a quarter million jobs per month from now
for the next 65 months.
Economic
slump linked with soaring suicide rates in Europe UK Daily Mail | The financial
crisis that swept Europe almost certainly led to an increase in suicides,
according to health experts’ research.
Retirement
Fund Plunder Update: $206 Billion So Far, $62 Billion Left Tyler Durden | As of today,
since the debt ceiling breach on May 16, the Treasury has plundered about $206
billion from the two primary retirement accounts.
Economics
of the insane: Obama’s stimulus cost $278,000 for each new job created Natural News | There is a
reason why libertarian economists want the government to stay out of the
business of business – it’s because government is not good at it.
Boehner
endorses Obama’s call for far-reaching plan on debt Many
Republicans were more skeptical of Obama’s strategy than the House speaker. Pelosi:
‘We are not Greece’ (Washington Post)
[ Whew! Close call! There you go. Nothing to worry about now that wobama’s got
a boehner … so not to be so hard on them; if pelosi says it, it must be true …
Not! …Pervasively corrupt, defacto bankrupt america, they, she look pretty
greecey to me. After all, if the same’s wobama’s ‘far-reaching plan on debt’,
we all know ‘wobama the b’ (for b***s***) is total b***s*** which means like
Greecey PIIGS they’ll be back to the trough for more … slop … py … Davis ‘This is how we
pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE OF
CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press” climaxed Sunday with a startling market
prognostication from David Brooks, conservative columnist for the NY Times . The risk of a debt default over the
combustible issue of the Medicare deficit hangs over the course of the stock
market. Buyers Beware!“I was up in Wall Street this week,” Brooks said.
“They’re vastly underestimating the source of piolitical risk here. We could
have a major problem, I think, either this summer or the next couple years. And
I’d be worried about investing too much in the market. That’s my financial
advice.”…’ Paul B. Farrell: 7 reasons U.S. needs a Good Depression now By Paul
B. Farrell , MarketWatch SAN
LUIS OBISPO, Calif. (MarketWatch) — ‘No, do not raise the debt-ceiling. You
heard me: Block the debt ceiling vote. Don’t raise it. America’s
out-of-control. A debt addict. Time to detox. Deal with the collateral damage
before it’s too late.
We need to fix America’s looming credit
default, failing economy and our screwed-up banking system. Now, with a Good
Depression. If we just kick the can down the road one more time, we’ll be
trapped into repeating our 1930’s tragedy, a second Great Depression…’
GOP’s
incoherence on debt The GOP’s ideologically incoherent approach to the
debt-limit debate. (Washington Post) [
Oh come on! We all know, at the end of the day, neither dems or doze’ gops will
have accomplished anything of significance / substance to stem the tide of
their own self-created failures. Just more of the same, failed, disingenuous
approach and spin to what is otherwise, too little, too late. Davis ‘This is how we
pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE OF
CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Parties
spar over debt deal Republicans are now willing to close some tax loopholes
as part of a deal to raise the debt limit.
(Washington Post) [ Oooooh! Doing the people’s work, by hook or by
crook … the former descriptive of what they are, the latter descriptive of what
they do … Instead
of Funding Retirement Accounts As Mandatory, Treasury Proceeds To Plunder The
Most Since Debt Ceiling Breach Tyler Durden | Instead of
putting in even one penny into G and CSRD Funds, Tim Geithner has decided to
defraud government retirees by the most since the US debt ceiling was
breached. And, not just the government:
Will Your Private
Pension Be Worthless? Mac Slavo | We know the
Federal and State governments are in serious fiscal trouble. States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 President
summons lawmakers With just over two weeks remaining, Obama calls
lawmakers to White House to break debt stalemate. (Washington Post) [
Summons? ‘Wobama the b’ (for b***s***)? Romney is quite correct, At
N.H. town hall, Romney says Obama has made the economy worse (WP) ; but,
not just the economy. There is anything about what a president does that wobama
hasn’t failed at other than that ever so smooth jive-talkin’ he does that I
find beyond the pale that anyone is even listening to his b***s***; or rather,
Mr. Teleprompter’s words written / scripted by who knows who. What we do know
is that what he says has absolutely no meaning beyond the saying of the words
which flow so trippingly o’er his tongue. His political opportunism /
soundbites / appearances along with ‘michelle his bell’ have become so unctuous
and predictably transparent that they have become nauseatingly unwatchable.
Summons? He’s not worthy of respect much less attention; particularly owing to
his own abandonment of precepts and promises upon which he ran and for which he
was elected. He’s a total embarrassment!
U.S.
debt limit affects world finances The stand-off between congressional
Republicans and the Obama administration over raising a legal limit on how much
the nation can borrow has been filled with dire warnings about what will happen
if the U.S. government fails to pay its debts. (Washington Post) [ Stand-off …
that’s rich … or in terms of prevalence and consequence, poor. The term brings
to mind, in a manner of speaking, a shoot-out. And, further brought to mind is
a visual where all pervasively corrupt, defacto bankrupt america’s venal,
incompetent politicians / power-brokers / lobbies / players form a big circle
and in unison fire at will at the invisible target in the middle. Parties
at odds on deficit reduction Lawmakers in both parties plot
strategies that could make the deal difficult to find common ground.
(Washington Post) [ Yes … Odds on … favorite … a lose / lose solution. The
realistic scenario brings to mind that old adage that, ‘you can’t make a silk
purse out of a sow’s ear’ … and, yeah, the reality is all that bad. A
debt ceiling leadership failure On Leadership | Congress’s failure to
fix the budget deficit is due to fundamental differences of opinion on the role
of government. U.S.
consumer confidence unexpectedly (but realistically – and not because of the
budget stalemate) falls (Washington
Post) [Davis ‘This is how we pay off our current debts and I
think bondholders are simply happy to get anything out of a country that admits
it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire
global GDP) in the form of unfunded liabilities. The funniest thing about this
(and you have to laugh) is to see Conservative pundits get on TV and talk about
how we need to cut $100Bn worth of discretionary spending to "fix"
this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for
the top 1% each year). There is no fixing this and even a Republican said you
can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS
– PLEASE BE CAREFUL OUT THERE! ‘ President
enters the debt talks Obama hosts sitdowns as leaders remain divided over
spending reductions and tax increases. (Washington Post) [ Oooooh! The big gun
has arrived, with the biggest gun, Mr. Teleprompter just a hot line away. Come
on! Let’s get real! What does wobama the b (for b***s***) know that any of
these other fellow nincompoops don’t; particularly about economics / finance,
even compared to ‘Lobotomy Joe’. Market Crash 6/30/11?Technical indicators suggest market collapse may
begin by June 30th Dennis Slothower is one of the world’s leading technical
analysts. He’s one of the few advisors whose readers completely avoided ALL
losses during the disaster that was 2008. And now he’s issuing another dire
warning. His technical indicators suggest that the market manipulation we’ve
seen over the last several months is about to come to an end…and that means
thousands of investors are about to get clobbered. This correction could begin
as soon as June 30th – so it’s important that you take action now to prepare yourself.
StealthStocksOnline.com [ Oooooh! Bring
in the big guns; viz., ‘wobama the b’ (for b***s***) … sounds like a plan!
After all, ultimately it’s Mr. Teleprompter who’ll have the final say; and, it
seems like wobama’s got a lock on that ‘relationship with Mr. T; you know,
‘pecking order’ kinds of stuff … Then begs the question: Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to recommend
it. My own direct experience with the region(s) (particularly new jersey, new
york, virginia, connecticut, california) carves out no exception for the
prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
Though having but 5% of the world’s population, the u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and
personal testimony, an ex-Justice official who quit over the handling of a
voter intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t
think so! I do believe that both nations are regressively but nostalgically
trying bring the world back to failed geopolitical paradigms that made the 20th
century the bloodiest century, not coincidentally the american century
(obviously for israel the latter half century). Yet, such a conditioned
psychopathic approach to global matters has led them self-destructively,
self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs,
extinction, at least in a manner of speaking. Global information exchange at
lightning speed has made such throwbacks to a lost era, propaganda, and maladaptive
traits foolish at best, deadly at worst. Intelligent people worldwide aren’t
buying the obsolete, Orwellian approach fostered by the purveyors of global
unrest; viz., israel, america, Orwellian england, etc.; more specifically,
diversion of the masses from the glaring failures of leadership, economic and
otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Is
growth poised to strengthen? Friday’s numbers on the job market will
test analysts’ theory. (Washington Post) [ Come on! Lets get real here! Does
anyone really think they are going to get anything but a fudged / fake report /
data tomorrow owing to their ever increasing desperation in this
pre-election-year marked by their snowballing prior failures including
complicity in the still extant crisis producing wall street frauds ( ie., FASB
rule change ‘mark to anything’, no prosecutions of the high level fraudsters /
banksters, etc.). Unemployment
Claims, Jobs Numbers Don't Jibe Denninger .. Planned
Job Cuts Increase by 12% In June, Second Sequential Increase Tyler Durden | Forget new
job formation.. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! Stocks rally on
jersey-based, former Lautenberg ADP still paltry, much better than expected
157,000 private jobs number and one’s got to wonder ‘who got paid’, one way or
another, for the fudge. Then there’s the horrific ‘american tech’. Retail? The
defacto bankrupt government’s probably buying with money they don’t have, at
best; and, as with other data in these desperate pre-election-year times, plain
false, falsified, fudged, spun. Previous day, all bad news … from eurozone
(protugal, et als), to asia zone (china worse than expected), to america (where
to begin, from defacto bankruptcy, to debased currency, to insurmountable debt
/ dervice, to pervasive corruption, etc.) … stocks rally on fraud and b***s***
alone. Previous, higher oil price rally, along with Netflix
‘technology rally’ … Don’t make me laugh! … Total desperation on wall street
and in Washington … How pathetic! … Jobless claims at 428,000 much
worse than expected; and, don’t forget, these are desperate ‘pre-election
times’ when regardless of factual reality (ie., fake reports, data, as, ie.,
‘wobama hometown’ corrupt chicago ISM is up as even their youth gangs are
showing increased criminal activity which probably accounts for the rise; ie.,
meth, crack labs, etc.?) data / reports are fudged / faked / spun. Foreclosure,
distressed sales up, at least on paper with contracts signed, so no surprise
nor reason to cheer here, as markets worldwide jump on the american crazy train
for a short-lived bounce as all problems remain. This is the same
month end (and quarter, half) spurt / window dressing based on b***s*** alone
to keep the suckers suckered and an especially great time to sell / take
profits since there’s much worse to come! Talk about milking the greek crisis
for the umpteenth time a so-called solution (and there are loads of greecy
scenarios worldwide … I don’t think so
and neither does Schaeffer who says: ‘…even once such a package is passed it
only buys time. Actually fixing the fiscal condition of Greece is not something
that can be solved in a matter of weeks, or even months… ‘ but it’s great press
for the churn and earn and to keep the suckers suckered. Technology rally? Defacto bankrupt american technology is
horrendous but great sizzle for the new fraud as in the dotcom bust days. Then
there’s the greasy b.s. new greecy b.s. factor. The rally into the
close and the previous so-called (4 day) ‘rally’ was based on b***s*** alone to
keep the suckers suckered and for ‘smarter money ‘ along with the frauds to
sell into. This is an especially great opportunity to sell / take profits while
you still can since there's much worse to come! Selling
In May Is Very Good Advice This Year
Harding Remember: Sell in May and Go
Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert
Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock
sales is telling. At 565 sells for every 1 buy, it’s never been
higher. Yes, it’s normal for insiders to be selling some of their stocks so
they can buy new yachts and some of this is pre-planned. But that ratio — which
has spiked recently — is extraordinarily high, one might even say
off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press” climaxed Sunday with a startling market
prognostication from David Brooks, conservative columnist for the NY Times . The risk of a debt default over the
combustible issue of the Medicare deficit hangs over the course of the stock
market. Buyers Beware!“I was up in Wall Street this week,” Brooks said.
“They’re vastly underestimating the source of piolitical risk here. We could
have a major problem, I think, either this summer or the next couple years. And
I’d be worried about investing too much in the market. That’s my financial
advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says Market Crash 6/30/11?Technical
indicators suggest market collapse may begin by June 30th Dennis Slothower is
one of the world’s leading technical analysts. He’s one of the few advisors
whose readers completely avoided ALL losses during the disaster that was 2008.
And now he’s issuing another dire warning. His technical indicators suggest
that the market manipulation we’ve seen over the last several months is about
to come to an end…and that means thousands of investors are about to get
clobbered. This correction could begin as soon as June 30th – so it’s important
that you take action now to prepare yourself. StealthStocksOnline.com STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a
devastating long-term economic decline..’ ]
States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast turmoil and their wars to obfuscate and
divert attention from their failure. Davis ‘This is how we pay off our current debts and I think bondholders
are simply happy to get anything out of a country that admits it owes $15Tn
(1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in
the form of unfunded liabilities. The funniest thing about this (and you have
to laugh) is to see Conservative pundits get on TV and talk about how we need
to cut $100Bn worth of discretionary spending to "fix" this (while
continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1%
each year). There is no fixing this and even a Republican said you can’t fool
all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE
CAREFUL OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this
low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares
and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St.
S&P Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell
ECB
battles defaults in Europe The European Central Bank opposes debt restructuring. Is
it standing in the way of a solution? (Washington Post) [ Amazingly, and they
really didn’t have to, europe / eu jumped on the american crazy train to their
eternal, if not ephemeral (in the sense that the eu doesn’t even survive),
detriment. What were they thinking when they jumped on this crazy american
bandwagon to ‘hell-in-a-handbasket’. They otherwise would have been well
positioned as a voice of reason from a global perspective with all the
attendant economic benefits that rationality can yield. Rather, they’ve given
credence to the old adage that ‘apples don’t fall far from the tree’,
conversely speaking. How tragic! Global Stress Points by Oxford Analytica http://en.wikipedia.org/wiki/Oxford_Analytica 20
Warning Signs of a Global Doomsday
Dollar
Collapse Taiwan /
China Armed Hostility Israel /
Iran Armed Conflict Mexico
State Hollowing Global
Protectionism Latin
America Hydrocarbon Disruption Iraq State
Institutions Collapse Russia
Military Aggression End of
Euro India / Pakistan
War Pakistan
State Collapse Argentina
Sovereign Default 2.0 North
Korea Military Conflict War in
North Africa Lebanon
Civil War
Could
One Wrong Policy Move Bring Down the Markets? at
Minyanville By Lloyd Khaner Jul 06, 2011
Sovereign debt, inflation and the threat of a catastrophic policy mistake in
China or the U.S. top our list of investors' fears this week.
Moody's cuts Portuguese debt, China
raises interest rates, and Wall Street understandably gets the jitters. Indeed,
caution rules the day, week and entire season as the world's largest economies
will face make-or-break junctions all summer long. Are the policy makers in
China, the U.S., and Europe prepared to make the right call every time, or will
one faulty decision ( "insane" bickering over the debt ceiling , for example)
bring ruinous upheaval to our global markets? investing tool, see
"What is Lloyd's Wall of Worry?" below, or check out the graphic version of this page. For a look at the the
specific worries making investors nervous this week, keep reading. U.S.
DEBT CEILING: The countdown clock du jour is ticking
away. Will a deal get done so congress can go on vacation for the month of
August you ask? Is money green, I respond. stock market
inflicted psychological damage? trading range bumpers.
Tilt! financial recovery
bursting from the land of the rising sun. Talk about just what the doctor
ordered.
CHINA: Developing a taste for Eurobonds
that may rival the one they have for U.S. Treasuries. Bon Appetit!
National / World
Los Zetas Kingpin: We Bought Guns Directly From U.S.
Government Paul Joseph Watson | Revelation heightens supicions that Fast and Furious
was an Obama administration plot to undermine Second Amendment.
Will NATO Resurrect Operation Gladio To Frame Gaddafi? Paul Joseph Watson, Alex Jones & Kurt Nimmo | Libyan leader’s threat to attack Europe could provide
NATO with the perfect pretext to launch a full ground invasion.
FBI Claims Oklahoma City Bombing Tapes Missing Kurt Nimmo | Jesse Trentadue says the tapes will prove others were involved in the
plot that resulted in the death of 168 people.
U.S. Wants Gaddafi Toppled By September Paul Joseph Watson | Obama and Sarkozy look to end Libya conflict before restart of
Israeli-Palestinian talks in Paris.
Los Zetas Kingpin: We Bought Guns Directly From U.S.
Government Paul Joseph
Watson | Revelation
heightens supicions that Fast and Furious was an Obama administration plot to
undermine Second Amendment.
Ron Paul: 9/11 Was Caused By Government Banning Guns on
Planes You Tube | Congressman Ron Paul tells Fox News that not allowing
Americans to carry firearms on jumbo-jets “set the stage for 9/11.”
Will NATO Resurrect Operation Gladio To Frame Gaddafi? Paul Joseph Watson, Alex Jones & Kurt Nimmo | Libyan leader’s threat to attack Europe could provide
NATO with the perfect pretext to launch a full ground invasion.
U.S. Wants Gaddafi Toppled By September Paul Joseph Watson | Obama and Sarkozy look to end Libya conflict before restart of
Israeli-Palestinian talks in Paris.
Rick Rozoff | Last week the U.S. reportedly
launched its first drone attack inside Somalia. [ Truth be told, I’m for any
and all bombing of Somalia! ]
Deficit
flip-flop Obama goes from do-nothing to demagogue. (Washington Post) [ Well, if the
shoe fits …(it does)… (he) wear(s) it … Come on! Nothing ‘wobama the b’ (for
b***s***) says has meaning or substance beyond the ephemeral soundbite. He’s a
totally failed president, like dumbya bush et als before him and in many ways
worse owing to his penchant for lending ‘no meaning’ to his words. He’s
pathetic! That’s reality! He’s totally incompetent like those others before him
and lacks even basic understanding of the core issues confronting the nation
(ie., economics, finance, and, surprisingly since it’s the easiest to fare well
at owing to pervasively corrupt-defacto-bankrupt america’s (though rapidly
declining) position, global geopolitics.
Unconstitutional
for Obama to Raise Debt Ceiling Without Congress Peter Roff ‘Alibi’
Obama Who is best to run against the president and his excuses? (Washington
Post) [ Yeah! Really quite true! Wobama the b (for b***s***) is all excuses,
all b***s***. But, don’t strain yourself. It really doesn’t matter since
wobama’s a failed president whose failure speaks for himself (and his
teleprompter). As such, it matters very little who, since whoever, beats wobama
hands down. He has a record of failure and actions that have consistently
belied his words. Indeed, wobama’s a fraud in the inducement (campaign
promises) and a fraud in the factum (in fact). As failed as dumbya bush,
there’s a nausea factor that’s become attached to wobama(s) like no
other(s). Drudgereport: POLL:
Obama 42%, any
Republican 46%...
OBAMA:
LET'S STAY IN IRAQ... FLASHBACK:
'I intend to remove all U.S. troops from Iraq by the end of 2011'... Campaign
signals fundraising fail... UPDATE:
Minnesota Government Shuts Down... Washington
state closes tourism office... Florida
state workers get pink slips, more cuts ahead...
FEDS
STRIKE DOWN STATE'S BAN ON RACE CONSIDERATION IN COLLEGE ADMISSIONS...
SoCal
Looks to Secede from California...
REPORT:
U.S. Air Force, Navy still flying hundreds of missions over Libya... FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA
FIGHTS FOR HIS RIGHT TO BOMB LIBYA... ) GETTING
NERVOUS
NEWT:
Obama 'most successful food stamp president in American history'... ]
Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J.
Buchanan | Is America then headed for an inevitable default? As
President Bush prepared to invade Iraq in September 2002, the head of his
economic policy council, Lawrence Lindsey publicly estimated such a war could
cost $100 billion to $200 billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
Though having but 5% of the world’s population, the u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t
think so! I do believe that both nations are regressively but nostalgically
trying bring the world back to failed geopolitical paradigms that made the 20th
century the bloodiest century, not coincidentally the american century
(obviously for israel the latter half century). Yet, such a conditioned
psychopathic approach to global matters has led them self-destructively,
self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs,
extinction, at least in a manner of speaking. Global information exchange at
lightning speed has made such throwbacks to a lost era, propaganda, and
maladaptive traits foolish at best, deadly at worst. Intelligent people
worldwide aren’t buying the obsolete, Orwellian approach fostered by the
purveyors of global unrest; viz., israel, america, Orwellian england, etc.;
more specifically, diversion of the masses from the glaring failures of
leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
With QE2 Dead, Are We Staring Down a Bull or Bear? By Benzinga.com Jul 05, 2011 ‘…we're in for
doom and gloom in the future. With no bullets left in the gun for Bernanke to
fire …, the government may not have the means to stop the panic a second time.
Things could get ugly in a hurry…’
‘One of the most
convincing cases often made by the stock-market bulls is that stocks are super
cheap, with interest rates at rock bottom and the S&P 500 trading at just
13 times forecast earnings for the 2011. But the market may not be as cheap as
it appears — and it could get a lot cheaper, according to a note today
from Morgan Stanley equity strategist Adam Parker.
First, Mr. Parker
shoots all kinds of holes in the market-is-cheap theory. For one thing, the
market is only slightly cheaper today than its average forward P/E of 13.6,
dating back to 1976.
And the market
isn’t cheap at all using other ratios, such as price-to-sales (1.4x, compared
with a long-term average of 1.1x), price-to-book (2.3x compared with a
long-term average of 2.2x) or price-to-trailing earnings (16.1x compared with a
long-term average of 17.8x).
Meanwhile, the
S&P 500′s dividend yield of just 1.7% is way below an average of 2.7%
dating back to 1964.
And this one is
maybe the most interesting: Mr. Parker argues that the biggest-cap companies
are providing most of the stock market’s cheapness, leaving the rest of the
market fairly valued. If the biggest 30 stocks are excluded, the market’s
forward P/E ratio is 13.5x, nearly matching the historical average. The biggest
30 stocks are trading at 11.5x forward earnings (an echo of the WSJ story today about how
investors have abandoned big-cap tech).
“Our view is that
the mega caps are undervalued and the rest of the market (stocks 31 through
500) are modestly overvalued,” Mr. Parker writes.
And now the
kicker: The market will likely get even cheaper. Analyst earnings forecasts are
now way above their long-term average, up 18.4% in the past year, compared with
an average over the past 20 years of 7.91%. Earnings forecasts seem likely to
fall back to earth, which alone could drive the market’s forward earnings
multiple down to 10.6x, Mr. Parker estimates.
Meanwhile, Mr.
Parker estimates that inflation-adjusted earnings growth has averaged 3.77%
since 1948, and it will likely be lower than that in the next 10+ years, hurt
by higher inflation and slower and more volatile economic growth around the
world.
If he’s right,
then the market is more expensive now than it seems. His forecast is that
forward P/E will fall to 10.
Update: A commenter raised
the issue of cash — the top 1500 companies have some $1.5 trillion in cash
sitting on their balance sheets, fuel for future growth, stock buybacks,
dividends, etc. That should make the market more attractive, but Mr. Parker
dismantles this one, too, saying companies have net debt near pre-Internet
bubble levels, that much of the cash is overseas and must be repatriated and
that investors have been cutting the premium they’re willing to pay for
corporate cash in recent years.’
S&P Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell ‘Are equities
positioned for a nosedive? [Unequivocally, yes! Jobless claims at 428,000 much
worse than expected; and, don’t forget, these are desperate ‘pre-election times’
when regardless of factual reality (ie., fake reports, data, as, ie., ‘wobama
hometown’ corrupt chicago ISM is up as even their youth gangs are showing
increased criminal activity which probably accounts for the rise; ie., meth,
crack labs, etc.?) data / reports are fudged / faked / spun. Foreclosure,
distressed sales up, at least on paper with contracts signed, so no surprise
nor reason to cheer here, as markets worldwide jump on the american crazy train
for a short-lived manipulated bounce as
all problems remain. This is the same month end (and quarter, half)
spurt / window dressing based on b***s*** alone to keep the suckers suckered
and an especially great time to sell / take profits since there’s much worse to
come! ]
What is Making Stocks Rally? ‘ … Here are some of the headlines
featured last week:
'Greek default could trigger chain reaction' - AP
'Why Wall Street still says buy, and you shouldn't' - AP
'Is the bull market over?' - Barrons.com
Interestingly, the Barrons.com article commented that: 'A
look at four different sentiment measures suggests that more pain may await
investors.' …’
4
Hurdles the Markets Must Clear to Make Progress in Coming Months - at Minyanville MoneyShow.com ‘I have to admit I was surprised
by last week’s huge stock market rally.
Investing
Dying as Computer Trading, ETFs & Dark Pools Proliferate - at CNBC Melloy [ The thrust of this article is the
manipulation on fraudulent wall street in the most negative sense … duh! ] ‘There ’ s an old Wall Street adage meant
to inspire investors that goes “ it ’ s not a stock market, but a market of stocks. ” Consider that dead.
Computer trading, dark pools and
exchange-traded funds are dominating market action on a daily basis, statistics
show, killing the buy and hold philosophy still attempted by many professional
and retail investors alike. Everything moves up or down together at a speed
faster than which a normal person can react, traders said.
High frequency trading accounts
for 70 percent of market volume on a daily basis, according to several traders ’ estimates. The average holding
period for U.S. stocks is now just 2.8 months, according to the Crosscurrents
newsletter. In the 1980s, it was two years.
“ The theory that buy-and-hold was the superior way to
ensure gains over the long term, has been ditched completely in favor of
technology, ” said Alan
Newman, author of the monthly newsletter. “ HFT promises gains are best provided by holding periods
measuring as few as microseconds, possibly a few minutes, or at worst, a few
hours. ”
The problem is only made worst by
the proliferation of exchange-traded funds, traders said. The vehicles, which
make trading a group of stocks as easy as buying and selling an individual
security, passed the $1 trillion in assets mark at the end of last year,
according to BlackRock. This is probably why all ten sectors of the S&P 500
finished in the black for two consecutive years, something that ’ s only happened one other time
since 1960, according to Bespoke Investment Group.
“ The capital raising stock market of the past hundred
years has morphed in just the last 10 years into a casino, ” said Sal Arnuk of Themis Trading
and a market infrastructure expert who advised the SEC after last year ’ s so-called Flash Crash. “ Who is doing the fundamental work
analyzing stocks? In the end, we ’ ve greatly increased systemic risk. ”
Another factor jumped into the
fray in December: dark pools. Off-exchange trading accounted for more than a
third of the trading volume in December, says Raymond James. While these trades
are eventually reported to the public markets, they further damage price
discovery, an essential element for a fair securities market, investors said.
“ This was a record high market share for off-exchange
trading and we believe the SEC will ultimately be forced to react to support
the price discovery process by limiting off-exchange trading for all traces
except for large block trades, ” wrote Raymond James analyst Patrick O ’ Shaughnessy in a note to clients
yesterday.
“ This destroys capital markets, ” said Jon Najarian, co-founder of
TradeMonster and a ‘ Fast Money ’ trader. “ Hidden trading venues, where some
participants get to peek at the orders as they are entered so long as they
agree to ‘ interact ’ with a minimum percentage, is not
an exchange, it ’ s a license to
steal. ”
While many see
these forces aligning to cause a sort of self-correcting powerful drop in the
market down the road
Unemployment
Claims, Jobs Numbers Don't Jibe Denninger
These
Guys Think You Should Sell Stocks Now at Motley Fool
The
Madness Of Buying Stocks With P/E's Of 500 at Forbes
Unconstitutional
for Obama to Raise Debt Ceiling Without Congress Peter Roff | President Barack
Obama, we have been told many times, is a constitutional scholar.
Why
The Taxpaying Populace Of Greece Better Stock Up On Thier Grease! Reggie
Middleton | Insolvency, first and foremost!
Planned
Job Cuts Increase by 12% In June, Second Sequential Increase Tyler Durden | Forget new
job formation.
16 Reasons To Feel Really Depressed About The Direction
That The Economy Is Headed The
American Dream July 7, 2011
‘If you do not want to feel really depressed, you might not want to read this
article. The U.S. economy is coming apart at the seams, and there are a
whole lot of indications that things are about to get even worse. After a
time of relative stability, the pace of job cuts is starting to pick up again,
inflation is rising but paychecks are not, the U.S. housing crisis shows no
signs of ending, millions of American families are drowning in debt and all of
the recent polls show that the faith of the American people in our economy is
eroding. As you read the statistics in this article, try to keep in mind
that there are scores of families from coast to coast that are barely surviving
from month to month. It can be a soul-crushing experience to work as hard
as you can and yet just barely be able to pay the mortgage and put food into the mouths
of your kids. The reason why so many Americans believe that we are in a
“recession” or a “depression” is because that is what they feel like they are
living through every single day. The number of Americans that are really depressed about
the direction of the economy continues to grow. At first most Americans
had expected the U.S. economy to bounce back after the recession “like it
always does”, but now hope is turning into desperation as people start
realizing that this time things are different.
Most Americans are very eager for things to go back to
normal. Unfortunately, things look like they are about to get even worse.
The following are 16 reasons to feel really depressed
about the direction of the economy….
#1 A newly
released National Federation of
Independent Business poll discovered that U.S. small businesses let go of more
workers than they hired in June. Previously, the poll had registered four
monthly gains in net jobs in a row. Some analysts believe that this may
be another indication that the employment market is getting softer once again.
#2 Another newly
released jobs report found that the number of job cuts being planned by U.S.
employers increased
by 11.6% in June .
#3 There are
fewer payroll jobs in the United States today than there were back in
2000 even though we have added 30 million people to the population since then.
#4 There are
officially 6.2 million Americans that have been
unemployed for more than 6 months. There are millions of others that have
also been out of work that long but they have become so discouraged about looking
for work that the U.S. government considers them “to no longer be in the
workforce”.
#5 It now takes
the average unemployed worker in America nearly 40 weeks to find a new
job.
#6 Paychecks are
not keeping up with inflation. In May, the average hourly wage in the
United States was 1.6 percent lower than 12 months
earlier.
#7 Food and gas
prices have been absolutely soaring over the past year. McDonald’s, Hershey and
Coca-Cola have all announced
price increases this year. One recent survey found that 9 out of 10 U.S. workers
do not expect their wages to keep up with soaring food prices and soaring
gas prices over the next 12 months.
#8 There are
disturbing indications that the business community expects the economy to slow
down even more in the months ahead. For example, pre-orders for Christmas
toys from China are way down .
#9 As of April,
there were 6.39 million home loans in the United
States that were either delinquent or in foreclosure. Included in that
were 675,000 home loans that had not had a single payment made on them in two
years.
#10 Approximately
28 percent of all home loans in the United States are currently “underwater” .
#11 Overall,
American households are about 7.7 trillion dollars poorer than they were
back in early 2007.
#12 As a
percentage of GDP, the total amount of debt in the United States is now far
higher than it ever has been in any other era of
U.S. history . Things were not even close to this bad during the
Great Depression.
#13 One of the key
measures of consumer confidence in the United States has hit a seven-month low .
#14 According to
Gallup, the percentage of Americans that lack confidence in U.S. banks is now
at an all-time high of 36% .
#15 According to
one recent poll, 39 percent of Americans believe that
the U.S. economy has now entered a “permanent decline”.
#16 Another recent
survey found that 48 percent of Americans believe that it is likely that another great Depression will begin
within the next 12 months.
So what is the United States going to look like if we do
have another major economic downturn?
If the U.S. economy continues to get worse and worse,
will what is happening in Greece eventually
start happening in this country?
Let us certainly hope that our cities do not descend into
chaos any time soon.
However, we should not just stick our heads in the sand
and pretend that everything is going to be okay.
Those of us that are aware of what is happening to the
economy should take this time to get prepared.
We should all be getting out of debt. When the
economy tanks and interest rates start to spike you don’t want a horde of
creditors hunting you down.
We should all be reducing our expenses and learning to
live on less. It is those that are “lean and mean” that will have the
best chance of making it through a major downturn successfully.
We should all be storing up emergency food and
supplies. After all, you take out insurance on all kinds of other things,
don’t you? We all need to be fully prepared just in case the worst
happens.
The truth is that most Americans are totally unprepared
for economic troubles. As the financial crisis of 2008 demonstrated, when
people lose their jobs and their wealth they will come in and take everything
away from you.
And it is not just your home that you could lose.
When you don’t have any more money left there is a chance that authorities will
take everything away from you.
For example, according to one local news report , six kids were
taken away permanently from their parents just because they were homeless and
living in a storage shed….
“You shouldn’t
take our kids because we’ve fallen on hard times,” said Prince Leonard, a
married father of six whose family resides in a northeast Houston storage shed.
The Leonards
moved in three years ago after the father, an unemployed welder, was hired as a
maintenance worker.
Well, it turns
out that the storage shed actually had “an air conditioner, a refrigerator and
two personal computers”, so they were not living too terribly.
But this is
what happens to so many poor families today – “child protective services” will
come in and take their children away at the drop of a hat.
Poor people are
an easy target. They know that they are unlikely to fight back and so
thousands and thousands of young children are constantly being ripped out of
homes and never returned.
Don’t think
that it can never happen to you. It is happening all over the country.
Meanwhile, the
mainstream media continues to act like everything is just fine. As our
economy continues to be caught in a death spiral they are busy cracking jokes
and talking about celebrities.
While the
country is falling apart, the following video is an example of what passes for
news in America these days….
The sad reality of the matter is that “ the
American Dream ” is dying.
Every month more American families are slipping out of
the middle class and into poverty.
Over the past four years, the number of Americans on food
stamps has risen by 18 million. A higher percentage of Americans is
enrolled in government anti-poverty programs than ever before.
There will be millions of Americans that will not be able
to sleep tonight because they are being eaten alive by worry and fear. If the
economy does not turn around soon, there will be even more American families
that are living in their cars and eating out of dumpsters.
Our economic problems are a horrible nightmare that never
seems to end. We are literally watching the greatest economy on earth
crumble before our very eyes.
So if you feel really depressed about all this, nobody is
going to blame you.
But pulling yourself together and getting yourself and
your family prepared for the really hard times that are coming might be a better
course of action.’
Egypt vs IMF: Time to
Default? Eric Walberg | The financial flip-flop of
Egypt’s revolutionary government, first requesting and then declining a $3
billion dollar IMF loan, highlights Egypt’s hard choices at this point in the
revolution, but is a good sign.
The
Coming “New World Order” Revolution: How Things Will Change In The Next 20
Years – A Kondratieff Cycle Perspective Tyler Durden | SocGen has
published a fantastic, must read big picture report.
As
Commodity Prices Soar, So Does Demand for Wood Pulp—As a “Food Extender” cryptogon.com | Just the
other day, I was joking with my wife about how eating those cheap tacos is like
eating meat flavored sawdust.
In
Europe, an ‘Argentinean Re-Run’: Fund Manager CNBC.com | The situation
facing European countries like Greece and Portugal is directly comparable to
the economic crisis which hit Latin America in the late 1990s.
Wall
Street is abuzz about tech stocks, but where's the smart money? With tried and
true tech giants like Microsoft, IBM and Intel, look for value -- and
landmines. Tech
IPO's and the growth trap (Washington
Post) [ Undoubtedly the biggest scam since the dotcom bust; that summer sizzler
based on b***s*** alone! The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! All bad news … from
eurozone (protugal, et als), to asia zone (china worse than expected), to
america (where to begin, from defacto bankruptcy, to debased currency, to
insurmountable debt / dervice, to pervasive corruption, etc.) … stocks rally on
fraud and b***s*** alone. Previous, higher oil price rally, along
with Netflix ‘technology rally’ … Don’t make me laugh! … Total desperation on
wall street and in Washington … How pathetic! … Jobless claims
at 428,000 much worse than expected; and, don’t forget, these are desperate
‘pre-election times’ when regardless of factual reality (ie., fake reports,
data, as, ie., ‘wobama hometown’ corrupt chicago ISM is up as even their youth
gangs are showing increased criminal activity which probably accounts for the
rise; ie., meth, crack labs, etc.?) data / reports are fudged / faked / spun. Foreclosure,
distressed sales up, at least on paper with contracts signed, so no surprise
nor reason to cheer here, as markets worldwide jump on the american crazy train
for a short-lived bounce as all problems remain. This is the same
month end (and quarter, half) spurt / window dressing based on b***s*** alone
to keep the suckers suckered and an especially great time to sell / take
profits since there’s much worse to come! Talk about milking the greek crisis
for the umpteenth time a so-called solution (and there are loads of greecy scenarios
worldwide … I don’t think so and
neither does Schaeffer who says: ‘…even once such a package is passed it
only buys time. Actually fixing the fiscal condition of Greece is not something
that can be solved in a matter of weeks, or even months… ‘ but it’s great press
for the churn and earn and to keep the suckers suckered. Technology rally? Defacto bankrupt american technology is
horrendous but great sizzle for the new fraud as in the dotcom bust days. Then
there’s the greasy b.s. new greecy b.s. factor. The rally into the
close and the previous so-called (4 day) ‘rally’ was based on b***s*** alone to
keep the suckers suckered and for ‘smarter money ‘ along with the frauds to
sell into. This is an especially great opportunity to sell / take profits while
you still can since there's much worse to come! Selling
In May Is Very Good Advice This Year
Harding Remember: Sell in May and Go
Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert
Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock
sales is telling. At 565 sells for every 1 buy, it’s never been
higher. Yes, it’s normal for insiders to be selling some of their stocks so
they can buy new yachts and some of this is pre-planned. But that ratio — which
has spiked recently — is extraordinarily high, one might even say off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press” climaxed Sunday with a startling market
prognostication from David Brooks, conservative columnist for the NY Times . The risk of a debt default over the
combustible issue of the Medicare deficit hangs over the course of the stock
market. Buyers Beware!“I was up in Wall Street this week,” Brooks said.
“They’re vastly underestimating the source of piolitical risk here. We could
have a major problem, I think, either this summer or the next couple years. And
I’d be worried about investing too much in the market. That’s my financial
advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says Market Crash 6/30/11?Technical
indicators suggest market collapse may begin by June 30th Dennis Slothower is
one of the world’s leading technical analysts. He’s one of the few advisors
whose readers completely avoided ALL losses during the disaster that was 2008.
And now he’s issuing another dire warning. His technical indicators suggest
that the market manipulation we’ve seen over the last several months is about
to come to an end…and that means thousands of investors are about to get
clobbered. This correction could begin as soon as June 30th – so it’s important
that you take action now to prepare yourself. StealthStocksOnline.com STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a
devastating long-term economic decline..’ ]
States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast turmoil and their wars to obfuscate and
divert attention from their failure. Davis ‘This is how we pay off our current debts and I think bondholders
are simply happy to get anything out of a country that admits it owes $15Tn
(1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in
the form of unfunded liabilities. The funniest thing about this (and you have
to laugh) is to see Conservative pundits get on TV and talk about how we need
to cut $100Bn worth of discretionary spending to "fix" this (while
continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1%
each year). There is no fixing this and even a Republican said you can’t fool
all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE
CAREFUL OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this
low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares
and pay dividends with what essentially is taxpayer money-- Why The Dow Will Plunge To 7,000 By 24/7 Wall St.
S&P Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell
Get a job,
kid! Only 25 percent of American teens have summer jobs, the lowest percentage
on record. Why? Are they lazy? (Washington Post) [ Well, in their defense, the
reality’s that the real unemployment rate minus the fudge factors, particularly
in this pre-election year, is just about that, and many are ‘makeshift’ jobs at
that for ‘pre-election year politicking purposes’: Drudgereport: Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job... … Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I mean,
come on! This catering to fraudulent wall street was a loser ab initio! That
so-called ‘wealth effect’ market froth was used previously by senile ‘maestro’
greenspan and failed miserably except for the frauds on wall street who
commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ] In his June 7
speech, Fed Chairman Ben Bernanke stated, “the best way for the Federal Reserve
to support the fundamental value of the dollar in the medium term is to pursue
our dual mandate of maximum employment and price stability, and we will
certainly do that.”
It is instructive to take a look at the actual Federal
Reserve goals, as well Bernanke’s results in pursuing those goals.
Goals of Monetary Policy
“The goals of monetary policy are spelled out in the
Federal Reserve Act, which specifies that the Board of Governors and the
Federal Open Market Committee should seek ‘to promote effectively the goals of
maximum employment, stable prices, and moderate long-term interest rates’.
Stable prices in the long run are a precondition for maximum sustainable
output growth and employment as well as moderate long-term interest rates.
When prices are stable and believed likely to remain so,
the prices of goods, services, materials, and labor are undistorted by
inflation and serve as clearer signals and guides to the efficient allocation
of resources and thus contribute to higher standards of living. Moreover,
stable prices foster saving and capital formation, because when the risk of
erosion of asset values resulting from inflation—and the need to guard against
such losses—are minimized, households are encouraged to save more and businesses
are encouraged to invest more.”
Let’s look at the results of Bernanke’s economic “fine
tuning” (using data from the St. Louis Fed’s database, starting in February,
2006, through April 2011), and see if he has successfully pursued this mandate.
Definition of STABLE ( from the Mirriam-Webster dictionary)
a : firmly
established : fixed , steadfast < stable opinions>
b : not changing
or fluctuating : unvarying <in stable condition>
c : permanent , enduring < stable civilizations>
Stable Prices?
Stable prices are one of the Fed’s primary
mandates. In the table below, take a look at what has happened to the
prices of items in a typical U.S. consumer’s budget since Ben took the reins:
Feb ’06 – April ’11
Items in a Typical Budget
% Change
Food and Beverages
16.54%
Water and sewer and trash collection
services
31.88%
Rent of primary residence
13.82%
Housing
8.68%
Fuels and Utilities
11.93%
Apparel
4.83%
Medical Care
20.11%
Gasoline (all types)
65.12%
Transportation
23.36%
Tuition, other school fees, and
childcare
29.28%
Recreation
2.87%
It is easy to play with the weightings of the above
prices, and see how individual budgets would be impacted. Regardless of
the method used to look at prices, it is clear that Bernanke has not been
successful at maintaining price stability since taking over as Fed
Chairman. Mandate not accomplished.
Maximum or Full Employment
Finding a strict definition of maximum employment is impossible.
Many economist give different estimates, ranging from 2%-7%. The standard
unemployment rate most often used by the Fed is currently at 9.1%, up 90% since
Bernanke started. The more inclusive (realistic) U6 number stands at 15.8%,
up 75% in the same period. The Civilian Participation Rate has declined
2.87% to 64.2%.
This is the lowest level the U.S. has seen since March,
1984. The decline amounts to 8,946,844 fewer Americans in the labor
force. Had they not dropped out because of a lack of jobs, the “official”
unemployment rate would be significantly higher. While we can debate the
meaning of the term maximum employment, it is clear that the jobs data has
deteriorated considerably since Bernanke took the reins at the Fed. Mandate
not accomplished.
Moderate Interest Rates
While not stated in Bernanke’s recent address, the Fed’s
website also posts “moderate interest rates” as a stated goal. While we
cannot definitively say what constitutes “moderate”, we do know that both short
and long-term interest rates are near all time lows. It is safe to assume
that near record low rates are not “moderate”. Further, when
interest rates are artificially held below the rate of economic growth,”
financial repression” is occurring. Many bright folks have commented on
how the zero interest rate policy (ZIRP) is destructive to savers and
misallocates resources. It is safe to say that this mandate has not been
accomplished.
In conclusion, it is evident that Ben Bernanke is failing
his mandates. We believe it must come down to one of the following
reasons:
1. Bernanke does not
know how to achieve his mandates;
2. The policy tools
employed don’t work;
3. He does not have
the ability to implement policies that would work;
4. He is not trying
to achieve his mandates;
5. He has goals other
than his legal mandates;
6. He does not look
at the data, and believes he is succeeding.
We will leave it up to our readers to make their own
conclusions.
Matt Marcewicz & Robert Barone, Ph.D.
Matthew Marcewicz and
Robert Barone are investment advisor representatives with Ancora West Advisors
LLC, Reno, Nev. ‘
Parties
spar over debt deal Republicans are now willing to close some tax loopholes
as part of a deal to raise the debt limit.
(Washington Post) [ Oooooh! Doing the people’s work, by hook or by
crook … the former descriptive of what they are, the latter descriptive of what
they do … Instead
of Funding Retirement Accounts As Mandatory, Treasury Proceeds To Plunder The
Most Since Debt Ceiling Breach Tyler Durden | Instead of
putting in even one penny into G and CSRD Funds, Tim Geithner has decided to
defraud government retirees by the most since the US debt ceiling was
breached. And, not just the government:
Will Your Private
Pension Be Worthless? Mac Slavo | We know the
Federal and State governments are in serious fiscal trouble. States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 President
summons lawmakers With just over two weeks remaining, Obama calls
lawmakers to White House to break debt stalemate. (Washington Post) [
Summons? ‘Wobama the b’ (for b***s***)? Romney is quite correct, At
N.H. town hall, Romney says Obama has made the economy worse (WP) ; but,
not just the economy. There is anything about what a president does that wobama
hasn’t failed at other than that ever so smooth jive-talkin’ he does that I
find beyond the pale that anyone is even listening to his b***s***; or rather,
Mr. Teleprompter’s words written / scripted by who knows who. What we do know
is that what he says has absolutely no meaning beyond the saying of the words
which flow so trippingly o’er his tongue. His political opportunism /
soundbites / appearances along with ‘michelle his bell’ have become so unctuous
and predictably transparent that they have become nauseatingly unwatchable.
Summons? He’s not worthy of respect much less attention; particularly owing to
his own abandonment of precepts and promises upon which he ran and for which he
was elected. He’s a total embarrassment!
U.S.
debt limit affects world finances The stand-off between congressional
Republicans and the Obama administration over raising a legal limit on how much
the nation can borrow has been filled with dire warnings about what will happen
if the U.S. government fails to pay its debts. (Washington Post) [ Stand-off …
that’s rich … or in terms of prevalence and consequence, poor. The term brings
to mind, in a manner of speaking, a shoot-out. And, further brought to mind is
a visual where all pervasively corrupt, defacto bankrupt america’s venal,
incompetent politicians / power-brokers / lobbies / players form a big circle
and in unison fire at will at the invisible target in the middle. Parties
at odds on deficit reduction Lawmakers in both parties plot
strategies that could make the deal difficult to find common ground.
(Washington Post) [ Yes … Odds on … favorite … a lose / lose solution. The
realistic scenario brings to mind that old adage that, ‘you can’t make a silk
purse out of a sow’s ear’ … and, yeah, the reality is all that bad. A
debt ceiling leadership failure On Leadership | Congress’s failure to
fix the budget deficit is due to fundamental differences of opinion on the role
of government. U.S.
consumer confidence unexpectedly (but realistically – and not because of the
budget stalemate) falls (Washington
Post) [Davis ‘This is how we pay off our current debts and I
think bondholders are simply happy to get anything out of a country that admits
it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire
global GDP) in the form of unfunded liabilities. The funniest thing about this
(and you have to laugh) is to see Conservative pundits get on TV and talk about
how we need to cut $100Bn worth of discretionary spending to "fix"
this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for
the top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE
CAREFUL OUT THERE! ‘ President
enters the debt talks Obama hosts sitdowns as leaders remain divided over
spending reductions and tax increases. (Washington Post) [ Oooooh! The big gun
has arrived, with the biggest gun, Mr. Teleprompter just a hot line away. Come
on! Let’s get real! What does wobama the b (for b***s***) know that any of
these other fellow nincompoops don’t; particularly about economics / finance,
even compared to ‘Lobotomy Joe’. Market Crash 6/30/11?Technical indicators suggest market collapse may
begin by June 30th Dennis Slothower is one of the world’s leading technical
analysts. He’s one of the few advisors whose readers completely avoided ALL
losses during the disaster that was 2008. And now he’s issuing another dire
warning. His technical indicators suggest that the market manipulation we’ve seen
over the last several months is about to come to an end…and that means
thousands of investors are about to get clobbered. This correction could begin
as soon as June 30th – so it’s important that you take action now to prepare yourself.
StealthStocksOnline.com [ Oooooh! Bring
in the big guns; viz., ‘wobama the b’ (for b***s***) … sounds like a plan!
After all, ultimately it’s Mr. Teleprompter who’ll have the final say; and, it
seems like wobama’s got a lock on that ‘relationship with Mr. T; you know, ‘pecking
order’ kinds of stuff … Then begs the question: Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at everyone
else’s expense including main street. ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
Though having but 5% of the world’s population, the u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and
personal testimony, an ex-Justice official who quit over the handling of a
voter intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t
think so! I do believe that both nations are regressively but nostalgically
trying bring the world back to failed geopolitical paradigms that made the 20th
century the bloodiest century, not coincidentally the american century
(obviously for israel the latter half century). Yet, such a conditioned
psychopathic approach to global matters has led them self-destructively,
self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs,
extinction, at least in a manner of speaking. Global information exchange at
lightning speed has made such throwbacks to a lost era, propaganda, and
maladaptive traits foolish at best, deadly at worst. Intelligent people
worldwide aren’t buying the obsolete, Orwellian approach fostered by the
purveyors of global unrest; viz., israel, america, Orwellian england, etc.;
more specifically, diversion of the masses from the glaring failures of
leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
National / World
Man Arrested for Filming Police from His Own Yard Alex Jones & Aaron Dykes | A Jonesboro, Arkansas man was arrested after filming
police conduct a warrantless search of a woman’s vehicle and body.
Europeans Will Face More Airport Body Scanners Steve Watson | The European Union Parliament has adopted a resolution to allow the full
use of body scanners in airports of the 27 European member nations.
TSA
Searches Woman’s Hair Kurt Nimmo | Incident follows
unsubstantiated TSA warning about surgically implanted bombs.
Brzezinski: Middle Class Unrest To Hit U.S. Paul Joseph Watson | Globalist who wrote books advocating highly controlled society
dominated by technocratic elite is now concerned about “disparity in society”.
Author Jan Irvin: Mind Control and The Dumbing Down of
Society The Alex Jones
Channel | Alex talks with
author and lecturer in archaeoastronomy, astrotheology, ethnopharmacology, Jan
Irvin.
5 Dead,
23 Hurt Over Violent Holiday Weekend Jennifer Schwarz | Five men
were killed and more than 20 were injured in shootings and stabbings since
Friday.
US-led strike
kills 8 Afghan children Press TV | A US-led
airstrike has targeted a house in eastern Afghanistan, killing at least 13
civilians, including eight children, police officials say.
The
“War On Terror” Is A $6 Trillion Racket, Exceeding The Total Cost Of World War
II Global Research | The cost of the War on Terror
is significantly greater than Obama has claimed.
‘Alibi’
Obama Who is best to run against the president and his excuses? (Washington
Post) [ Yeah! Really quite true! Wobama the b (for b***s***) is all excuses,
all b***s***. But, don’t strain yourself. It really doesn’t matter since
wobama’s a failed president whose failure speaks for himself (and his teleprompter).
As such, it matters very little who, since whoever, beats wobama hands down. He
has a record of failure and actions that have consistently belied his words.
Indeed, wobama’s a fraud in the inducement (campaign promises) and a fraud in
the factum (in fact). As failed as dumbya bush, there’s a nausea factor that’s
become attached to wobama(s) like no other(s).
Drudgereport: POLL:
Obama 42%, any
Republican 46%...
OBAMA:
LET'S STAY IN IRAQ... FLASHBACK:
'I intend to remove all U.S. troops from Iraq by the end of 2011'... Campaign
signals fundraising fail... UPDATE:
Minnesota Government Shuts Down... Washington
state closes tourism office... Florida
state workers get pink slips, more cuts ahead...
FEDS
STRIKE DOWN STATE'S BAN ON RACE CONSIDERATION IN COLLEGE ADMISSIONS...
SoCal
Looks to Secede from California...
REPORT:
U.S. Air Force, Navy still flying hundreds of missions over Libya... FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA
FIGHTS FOR HIS RIGHT TO BOMB LIBYA... ) GETTING
NERVOUS
NEWT:
Obama 'most successful food stamp president in American history'... ]
Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J.
Buchanan | Is America then headed for an inevitable default? As
President Bush prepared to invade Iraq in September 2002, the head of his
economic policy council, Lawrence Lindsey publicly estimated such a war could
cost $100 billion to $200 billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the marketplace.”And
the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and can’t
get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious freedom,
freedom generally did they come to these shores. A rare exception to the influx
of immigrants to this young nation who turned out to be more a virus to the
indigenous peoples of this land than what could have been expected from those
of noble calling. Indeed, in evolutionary terms, it’s doubtful that those so
positioned abroad would have represented a positive addition to the gene pool
which, borrowing from an insurance term, viz., adverse selection, springs forth
the notion of inevitability to the genocide of the indigenous populations while
guaranteeing the decline we see throughout this foundering nation. The effects
of these negative predispositions toward inherent criminality is certainly
being felt globally as well as domestically and has little to recommend it. My
own direct experience with the region(s) (particularly new jersey, new york,
virginia, connecticut, california) carves out no exception for the prevalence
of the worst of human nature; which is now collectively and pervasively
americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
Though having but 5% of the world’s population, the u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t
think so! I do believe that both nations are regressively but nostalgically
trying bring the world back to failed geopolitical paradigms that made the 20th
century the bloodiest century, not coincidentally the american century (obviously
for israel the latter half century). Yet, such a conditioned psychopathic
approach to global matters has led them self-destructively, self-defeatingly,
and ineluctably to decline, fall, and as with dinosaurs, extinction, at least
in a manner of speaking. Global information exchange at lightning speed has
made such throwbacks to a lost era, propaganda, and maladaptive traits foolish
at best, deadly at worst. Intelligent people worldwide aren’t buying the
obsolete, Orwellian approach fostered by the purveyors of global unrest; viz.,
israel, america, Orwellian england, etc.; more specifically, diversion of the
masses from the glaring failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Men
getting jobs faster than women The recession was hard on men, who saw
construction and manufacturing jobs dry up, but the recovery is proving much
kinder on men. In a rare turnabout, men are outpacing women in getting jobs as
the economy struggles back to life — and they’re doing it partly by taking work
in fields long dominated by women. (Washington Post) [ And unfortunately, if
you’ve the unpleasant occasion to experience the american workforce in action
(I’m reminded every time I so do – those problem/support lines for americans
services / products so typically gone awry; horrendous, with an attitude, but
clear as an unmuddied lake as to why american jobs are outsourced. A simple
cost-benefit analysis further confirms the rational basis to this reality. Drudgereport: Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job... . Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J.
Buchanan | Is America then headed for an inevitable default? As
President Bush prepared to invade Iraq in September 2002, the head of his
economic policy council, Lawrence Lindsey publicly estimated such a war could cost
$100 billion to $200 billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the marketplace.”And
the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen america.
Indeed, the scenario typifies that national drain / sinkhole new york (new york
/ new jersey metro) where, for example, FBI informants were routinely exposed
by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and
were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this
was documented with authority in the book ‘Goombata: The Improbable Rise and
Fall of John Gotti and His Gang’ Cummings /
Volkman Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t
think so! I do believe that both nations are regressively but nostalgically
trying bring the world back to failed geopolitical paradigms that made the 20th
century the bloodiest century, not coincidentally the american century
(obviously for israel the latter half century). Yet, such a conditioned
psychopathic approach to global matters has led them self-destructively,
self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs,
extinction, at least in a manner of speaking. Global information exchange at
lightning speed has made such throwbacks to a lost era, propaganda, and
maladaptive traits foolish at best, deadly at worst. Intelligent people
worldwide aren’t buying the obsolete, Orwellian approach fostered by the
purveyors of global unrest; viz., israel, america, Orwellian england, etc.;
more specifically, diversion of the masses from the glaring failures of
leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
‘ america’s great girth … as in fatter ’
Global Stress Points by Oxford Analytica
http://en.wikipedia.org/wiki/Oxford_Analytica 20
Warning Signs of a Global Doomsday
Dollar
Collapse Taiwan /
China Armed Hostility Israel /
Iran Armed Conflict Mexico
State Hollowing Global
Protectionism Latin
America Hydrocarbon Disruption Iraq State
Institutions Collapse Russia
Military Aggression End of
Euro India /
Pakistan War Pakistan
State Collapse Argentina
Sovereign Default 2.0 North
Korea Military Conflict War in
North Africa Lebanon
Civil War
Could
One Wrong Policy Move Bring Down the Markets? at
Minyanville By Lloyd Khaner Jul 06, 2011
Sovereign debt, inflation and the threat of a catastrophic policy mistake in
China or the U.S. top our list of investors' fears this week.
Moody's cuts Portuguese debt, China
raises interest rates, and Wall Street understandably gets the jitters. Indeed,
caution rules the day, week and entire season as the world's largest economies
will face make-or-break junctions all summer long. Are the policy makers in
China, the U.S., and Europe prepared to make the right call every time, or will
one faulty decision ( "insane" bickering over the debt ceiling , for example)
bring ruinous upheaval to our global markets? investing tool, see
"What is Lloyd's Wall of Worry?" below, or check out the graphic version of this page. For a look at the the
specific worries making investors nervous this week, keep reading. U.S.
DEBT CEILING: The countdown clock du jour is ticking
away. Will a deal get done so congress can go on vacation for the month of
August you ask? Is money green, I respond. stock market
inflicted psychological damage? trading range bumpers.
Tilt! financial recovery
bursting from the land of the rising sun. Talk about just what the doctor
ordered.
CHINA: Developing a taste for Eurobonds
that may rival the one they have for U.S. Treasuries. Bon Appetit!
The
Madness Of Buying Stocks With P/E's Of 500 at Forbes
Bearish Signs Are Quickly Adding Up By Gary Kaltbaum Jun 13, 2011
11:00 am
When the markets
are in a bear phase, as they are now, it becomes immensely important to keep
our eye on certain things. Over the past few weeks, I have been
more cautious. During that time on the Buzz & Banter , I
outlined why I thought the market was in trouble. The simple fact is that
every characteristic that usually show up near tops in the market...
showed up. When these characteristics show up, it is time to keep an eye
out for trouble. All that has to happen is for negative price and volume to
confirm. Subtle signs showed up weeks in advance. When listening to
those who say this recent drop came out of nowhere, please take it with a grain
of salt. Here are those bearish characteristics that I've said would eventually
come back to haunt the market: Financials Major New Highs Divergence stocks hitting new
highs... indicating strength was narrowing. Defense Leads Low Levels of Cash Mutual funds are only
holding 4% in cash -- a very low level -- providing very little ammo for the
market. Over the Top Bullish Sentiment S&P by 2013 and
another calling for 20,000 Dow within 18
months. These type of calls do not occur at the lows. Many Stock Splits and Mergers Stock splits and mergers do not occur
at lows. In fact, they occur at highs. Emerging Markets A Plethora of IPOs and Secondaries Semiconductors Finally and Most Importantly moving averages , and only bad
happens when below. The final dagger occurred last Wednesday when markets dived
below on volume. Since then, there's nothing but distribution. On a daily basis
we are seeing weak closes, another important sign of a bear phase.
Try to resist the urge to listen to
permabull Wall Streeters during bear phases, as it could cost you a
bundle. You will be hearing the terms overdone, overreaction, undervalued,
cheap, and so on. Be careful! Fox News a few weeks ago, I received a
bunch of disagreeing emails, and even hate mail. Some people just never want to
believe the market can go down. There is no way of knowing when a bear phase
will end, but just like we know the characteristics that show up during a
market top, we know the characteristics that show up during a market bottom. I
do believe this market has a date with the 200-day moving average which is only
a couple percent lower. At this juncture, I am inclined to believe it will
occur. Walmart ( WMT ) and Target ( TGT ) say that
the consumer hit a wall. (Here's a hint, never argue with what Walmart
says. Don't listen when a pundit says the news is just limited to
Walmart. The company only does $400 billion in sales.) The last and most
important clue... commodities topped, indicating demand was indeed softening.
Weeks later, all the worsening news has started to come out. currency has never
worked. Seinfeld episode where
Jerry told George that if every decision he has ever made was wrong, then doing
the opposite must be right. We've seen massive deficits, massive amounts of new
regulations, threats of tax increases, demonization of almost every industry,
and a health care bill that does nothing more than add more costs to hiring
even though they say it will lower costs and lower the deficits. There is only
one outcome from this questionable policy... and we are seeing it.
The Obama administration is not dealing with a sluggish economy,
it is causing it.
Planned
Job Cuts Increase by 12% In June, Second Sequential Increase Tyler Durden | Forget new
job formation.
Europe
Persists in Seeking a Solution for Greece New York Times | European
bankers said that they had not given up on effort to help sort out Greece’s
finances, a day after a major ratings agency said it would consider Greece to
be in default.
In
Europe, an ‘Argentinean Re-Run’: Fund Manager CNBC.com | The situation
facing European countries like Greece and Portugal is directly comparable to
the economic crisis which hit Latin America in the late 1990s.
Instead
of Funding Retirement Accounts As Mandatory, Treasury Proceeds To Plunder The
Most Since Debt Ceiling Breach Tyler Durden | Instead of
putting in even one penny into G and CSRD Funds, Tim Geithner has decided to
defraud government retirees by the most since the US debt ceiling was breached.
Without
Low Interest Rates, The U.S. Financial System Dies The Economic
Collapse | Right now, interest rates are near historic lows.
ECB Will
Continue to Accept Greek Debt Financial Times | The European
Central Bank will continue to accept Greek debt as collateral for loans unless
all the major credit rating agencies it uses declare it to be in default.
Crumbling
house at center of feud Neighbors in a posh D.C. enclave agree there’s an
eyesore in their midst — just not on where it is. (Washington Post) [ Crumbling
house? Now why do I immediately think of the house of representatives
(including as well, the senate). Because … they’re crumbling, along with the
nation. ‘House of cards’? Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS
– PLEASE BE CAREFUL OUT THERE! ‘ The
back-office power brokers Experts in managing troubled loans of commercial real
estate see their fortunes rise in the recession. (Washington Post) [ Kinda’
like a ‘heck of a job, brownie’ (Katrina) moment. Foreclosure
backlogs swell nationwide States are wrestling with backlogs, exacerbated by
homeowners who continue to fall behind on payments. Foreclosure
properties become eyesores Foreclosures
pit suburbia against Wall Street (Washington Post) [ It aint just the foreclosures that pits
people against wall street and it aint just suburbia. No, there is no
modern day alchemy that spins worthless paper into gold except fraudulently for
the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing
out’ for hard currency and gold, precious metals, at everyone else’s expense
including main street. The catering to fraudulent wall street was a loser ab
initio! That so-called ‘wealth effect’ market froth was used previously by
senile ‘maestro’ greenspan and now ‘no-recession-helicopter-ben-bs-bernanke’
has failed miserably except for the frauds on wall street who commissioned up
and down; and, make no mistake, those computer-programmed high-frequency
trading volumes have now been maximized for nation-economy-draining profits for
the frauds like never before and have never been higher. The QE and
dollar-debasement policies were always predictably inflationary, ultimately
hyperinflationary, particularly for stocks; that ‘feel good’ obfuscation that
was but in reality good only for the frauds on wall street. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! Jobless claims worse than expected
at 428,000 I thought the following was
interesting: 15
Worst Housing Markets for Next 5 Years - Business Insider Provided by The
Business Insider's Gus Lubin and Linette Lopez ‘If you bought a home in Miami in 2005,
we're sorry: over the following six years it depreciated in value by more than
54.3%.
And the rebound -- if there is a rebound -- won't come
soon.
Between Q2 2011 and Q2 2016, Miami home
prices will decline at an annualized rate of 0.7% , according to
data provided by Fiserv Case Shiller.
Fiserv identified 15 housing markets that will appreciate
at an annualized rate of less than 1.5% -- a pretty lousy investment. If you
stay out of these markets, the national average is slightly better at 3.7%.
Here are the 15 Worst Housing Markets
For The Next Five Years
The worst place to invest: Miami,
Florida
Cumulative growth from 2005 to 2011: -54.3%
Annualized growth from 2011 to 2016: -0.7%
Trough: Q3 2012
The second worst place to invest:
Atlantic City, New Jersey
Cumulative growth from 2005 to 2011: -34.05%
Annualized growth from 2011 to 2016: 0.2%
Trough: Q3 2012
3. Nassau County, New York
Cumulative growth from 2005 to 2011: -27.3%
Annualized growth from 2011 to 2016: 0.7%
Trough: Q4 2011
#4 (tie) Fort Lauderdale, Florida
Cumulative growth from 2005 to 2011: -52.9%
Annualized growth from 2011 to 2016: 0.8%
Trough: Q4 2012
#4 (tie) Midland, Texas
Cumulative growth from 2005 to 2011: -40.95%
Annualized growth from 2011 to 2016: 0.8%
Trough: Q1 2009
#4 (tie) Washington, D.C.
Cumulative growth from 2005 to 2011: -28.1%
Annualized growth from 2011 to 2016: 0.8%
Trough: Q1 2009
#7 Abilene, Texas
Cumulative growth from 2005 to 2011: -18.9%
Annualized growth from 2011 to 2016: 1.0%
Trough: Q1 2009
#8 Morgantown, West Virginia
Cumulative growth from 2005 to 2011: -4.15%
Annualized growth from 2011 to 2016: 1.1%
Trough: N/A
#9 (tie) Austin, Texas
Cumulative growth from 2005 to 2011: 2.63%
Annualized growth from 2011 to 2016: 1.2%
Trough: Q4 2012
#9 (tie) Waterloo-Cedar Falls, Iowa
Cumulative growth from 2005 to 2011: -2.73%
Annualized growth from 2011 to 2016: 1.2%
Trough: N/A
#11 (tie) Baton Rouge, Louisiana
Cumulative growth from 2005 to 2011: -14.48%
Annualized growth from 2011 to 2016: 1.4%
Trough: Q1 2012
#11 (tie) Amarillo, Texas
Cumulative growth from 2005 to 2011: -10.5%
Annualized growth from 2011 to 2016: 1.4%
Trough: Q4 2012
#11 (tie) Lancaster, Pennsylvania
Cumulative growth from 2005 to 2011: -5.15%
Annualized growth from 2011 to 2016: 1.4%
Trough: Q2 2012
#11 (tie) Monroe, Louisiana
Cumulative growth from 2005 to 2011: -11.31%
Annualized growth from 2011 to 2016: 1.4%
Trough: N/A
#11 (tie) Shreveport, Louisiana
Cumulative growth from 2005 to 2011: -10.38%
Annualized growth from 2011 to 2016: 1.4%
Trough: Q3 2011 ‘
Moody's
downgrades Portugal's debt (Washington Post) [
And, it won’t be long before things get ‘greasy’ with Greece back at the
trough; and, italian anyone, along with the other PIIGSUS. Europe
Persists in Seeking a Solution for Greece New York Times | European
bankers said that they had not given up on effort to help sort out Greece’s
finances, a day after a major ratings agency said it would consider Greece to
be in default. US worse than Greece? RT | Max talks to
economist Yanis Varoufakis about the bailout and austerity packages for
Greece. Moody’s
July 4 Bomb: Rating Agency Finds 10% Of Chinese GDP Is Bad Debt, Claims “China
Debt Problem Bigger Than Stated” Tyler Durden | The timing
on the earlier pronouncement that rating agencies may have found religion could
not have been better. Is a U.S. Default Inevitable? Patrick J.
Buchanan | Is America then headed for an inevitable default? As
President Bush prepared to invade Iraq in September 2002, the head of his
economic policy council, Lawrence Lindsey publicly estimated such a war could
cost $100 billion to $200 billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ Drudgereport: Portugal's
Debt Downgraded to Junk... CHINA:
USA 'ALREADY DEFAULTING'... DOLLAR
TO 'LOSE RESERVE STATUS'
Economy
Expected to Have Major Slide in Months Ahead... NEW
IMF CHIEF FROM CHICAGOLAND... MARK
HALPERIN CALLS OBAMA 'A DICK' ON LIVE TV... POLL:
Obama 42%, any
Republican 46%... Campaign
signals fundraising fail... UPDATE:
Minnesota Government Shuts Down... Washington
state closes tourism office... Florida
state workers get pink slips, more cuts ahead...
FEDS
STRIKE DOWN STATE'S BAN ON RACE CONSIDERATION IN COLLEGE ADMISSIONS... SoCal
Looks to Secede from California...
A
fight over what we can keep
In Minnesota and elsewhere, the struggle is over what is promised versus
what is affordable. (Washington Post) [Will Your Pension Be
Worthless? Mac Slavo | We know the
Federal and State governments are in serious fiscal trouble. States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Minnesota government
shuts down Politico | Minnesota’s
government shut down at midnight local time Friday after six months of
negotiations. Record
44.7 Million People Celebrate Geithner’s Departure And The End Of QE2 Through
Foodstamps Zero Hedge | April
participation in Supplemental Nutrition Assistance Program (SNAP), better known
as “foodstamps”, shows yet another record, this time 44.647 million people.
Debt
Increased More Under Geithner Than Under Any Treasury Secretary in U.S. History CNS News | Timothy
Geithner oversaw the largest increase in the national debt of any Treasury
secretary in American history.
MORE
CONFIRMATION: The World Economy Is Rolling Over Business
Insider | The latest batch of PMI data is confirming that the
world economy is still rolling over.
While
Criminal US Bankers Receive Golden Parachutes, Barbarian Afghanistan Has Just
Arrested Executives Of Failed Kabul Bank Tyler Durden | Sometimes it
is good to put things in perspective when comparing developed democracies like
America and barbaric despotic dictatorships like Afghanistan. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
… Yet, one must ask what have they been doing and already getting paid for?
Roche 'The worst part of it ...Obama,
who vowed change, has done almost nothing to fix any of it and in fact
continues most of the policies that helped get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud )
National / World
Exclusive: Sony Forces Employees To Submit To Body Scanners Paul Joseph Watson | Corporation claims devices do not emit any kind of radiation nor do
they show naked images, which begs the question why such scanners are not being
used in airports.
Is the Internet Re-Wiring Our Brains? Prison Planet Live | Is the world wide web literally re-wiring our brains, dumbing us down
by destroying our ability to think analytically and infantilizing our minds in
the process?
Russian FSB Boss: Internet a Haven for Terrorists Kurt Nimmo | Russia’s call to go after “domestic terrorists” on the internet similar
to calls in the United States.
Protect IP Act Gives Government Power to Seize Websites
On a Whim Paul Joseph
Watson | Law professors warn
that new legislation allows state to seize websites merely for linking to other
websites that host copyrighted material.
New
Weapons in the INFOWAR! Infowars | A sneak peek
of what’s new at Infowars.com.
NATO
War Crimes: Depleted Uranium Found in Libya by Scientists Global Research
| War crimes and crimes against humanity have been and continue to be
committed in the Libyan Arab Jamahiriya by NATO.
Paul
Joseph Watson: 2011 – World In Crisis PrisonPlanetLive | Paul Joseph
Watson, writer and webmaster for Infowars.com and Prisonplanet.com, talks to
WeAreChange Birmingham about the staggering amount of crises to hit the globe
so far in 2011, including the Arab spring and the bombardment and invasion of
Libya.
Afghanistan
spending questioned Senators ask why the Pentagon is paying for projects
usually funded through the State Dept. (Washington Post) [ If only the question
concerned a concept foreign to and lost on the senate; viz., why is the nation
spending money it doesn’t have on wars the nation doesn’t need. Well, unless
one expects the pentagon / military-industrial-complex / cia to prostrate
themselves before the senate and confess (don’t hold your breath), quite simply
in large part the reason is that ultimately it’s much easier to steal when in
control of the flow of the ‘dough’ (ie., flying in 360 tons of $100 bills gone
missing, etc.). Is a U.S. Default Inevitable? Patrick J.
Buchanan | Is America then headed for an inevitable default? As
President Bush prepared to invade Iraq in September 2002, the head of his
economic policy council, Lawrence Lindsey publicly estimated such a war could
cost $100 billion to $200 billion. Patrick J.
Buchanan July 5,
2011Lindsey had committed candor, and the stunned Bushites came down on him
with both feet.“Baloney,” said Donald Rumsfeld. The likely cost would be $60
billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.By year’s end, Lindsey was
gone, back, in Ronald Reagan’s phrase, “testing the magic of the
marketplace.”And the cost of the Iraq War? It has passed $1 trillion…’ ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception for
the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
Though having but 5% of the world’s population, the u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t
think so! I do believe that both nations are regressively but nostalgically
trying bring the world back to failed geopolitical paradigms that made the 20th
century the bloodiest century, not coincidentally the american century
(obviously for israel the latter half century). Yet, such a conditioned
psychopathic approach to global matters has led them self-destructively,
self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs,
extinction, at least in a manner of speaking. Global information exchange at
lightning speed has made such throwbacks to a lost era, propaganda, and
maladaptive traits foolish at best, deadly at worst. Intelligent people
worldwide aren’t buying the obsolete, Orwellian approach fostered by the
purveyors of global unrest; viz., israel, america, Orwellian england, etc.;
more specifically, diversion of the masses from the glaring failures of
leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
As
NASA transitions, U.S. space politics in a state of flux (Washington Post) [ U.S. space politics? I
didn’t know there was such a thing. But I, and I’m sure all know that ‘u.s.
politics are spaced’. Flux? One could only hope. I’d say, ‘fleeced’; as in
we’ve all been fleeced. Sterner:
5 myths about NASA (Washington
Post) [ If you can’t get past the first myth; viz., that they actually set foot
on the moon, the other 5 so-called myths become irrelevant. Indeed,
post-Eisenhower, and certainly post-Kennedy-assassination / coup d’etat, NASA
was all military / military industrial complex (moreover, someone knowledgeable
about such matters said essentially that in explaining to my surprise the
transition to the shuttle program it was said there was greater military
application in same). In any event, Russia’s been doing quite a bit of ‘heavy
lifting’ vis-ŕ-vis the space station, but not inordinately so. All I can say
with certainty is that the universe beyond this solar system is forever
protected / insulated. The fact is, they never set foot on the moon; and, in
light of the pervasive corruption in and defacto bankruptcy of the nation,
their perpetual wars toward making a hell on earth militate against anything
but trying to do even just a little bit better (for a start),
terrestrially. NASA wants mission to bring Martian rocks to Earth (AP) Why?
They already have that and more: Launch
of secret US space ship masks even more secret launch of new weapon The
Militarization of Outer Space: The Pentagon’s “Space Warriors” Global Research | It’s not as if things aren’t bad enough right here on planet earth. Now
the Defense Department wants to up the stakes with new, destabilizing weapons
systems that will transform low- and high-earth orbit into another
“battlespace.” buzz aldrin
wants to colonize Mars … Riiiiight buzzed! Better check with DePalma to see if he already
has the footage in the can since you won’t be able to use the moon footage for
the new boondoggle video ... OBAMA SPEECH OUTLINES PLANS FOR
RETURNING DEFACTO BANKRUPT U.S. TO SPACE – OOOOOH! SOUNDS LIKE A PLAN … FOR
INNER SPACE (IMAGINATION).
NASA's New Asteroid Mission Could Save the Planet Space.com - Tariq
Malik - CAPE CANAVERAL, Fla. - President Barack
Obama set a lofty next goal this week for Americans in space: Visiting an
asteroid by 2025. Obama's asteroid goal: tougher, riskier than moon The Associated Press Obama calls for NASA to focus on trips to Mars and beyond Computerworld And don’t forget,
Bruce Willis and Ben Affleck, et als, have already done this so it’s not as if
they’re starting from ‘ground zero’, so to speak; and Brian DePalma already has
‘Mission to Mars’ in the can, but beware say the producers of ‘Species II’
since Eve, the cloned daughter of Sill, might want to mate with astronaut Paddy
Ross who has returned from Mars as a space alien host body. First fake moonwalker blasts Obama's space plan msnbc.com - Bill Ingalls - The first man to pretend to walk on the moon blasted President
Barack Obama's decision to cancel NASA's back-to-the-moon program on Tuesday,
saying that not going with the new movie is “devastating” to america's
boondoggle spaced out effort. Fake dutch 'moon rock' revealed a
treasured piece at the dutch national museum - a supposed moon rock from the
first manned lunar landing - is nothing more than petrified wood, ...bbc news
bbc news | europe | fake dutch 'moon rock' revealed prized moon rock a fake - a
piece of moon rock given to an overseas politician by the united states is
actually a lump of petrified wood, museum authorities revealed yesterday. ...
'Moon rock' in dutch museum is just petrified wood aug 27, 2009 ... Fake moon
rock at dutch national museum. Rijksmuseum / ap. This rock, supposedly brought
back from the moon by american astronauts, ... http://www.albertpeia.com/moonfraud.htm http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv
President
summons lawmakers With just over two weeks remaining, Obama calls
lawmakers to White House to break debt stalemate. (Washington Post) [
Summons? ‘Wobama the b’ (for b***s***)? Romney is quite correct, At
N.H. town hall, Romney says Obama has made the economy worse (WP) ; but,
not just the economy. There is anything about what a president does that wobama
hasn’t failed at other than that ever so smooth jive-talkin’ he does that I
find beyond the pale that anyone is even listening to his b***s***; or rather,
Mr. Teleprompter’s words written / scripted by who knows who. What we do know
is that what he says has absolutely no meaning beyond the saying of the words
which flow so trippingly o’er his tongue. His political opportunism /
soundbites / appearances along with ‘michelle his bell’ have become so unctuous
and predictably transparent that they have become nauseatingly unwatchable.
Summons? He’s not worthy of respect much less attention; particularly owing to
his own abandonment of precepts and promises upon which he ran and for which he
was elected. He’s a total embarrassment!
U.S.
debt limit affects world finances The stand-off between congressional
Republicans and the Obama administration over raising a legal limit on how much
the nation can borrow has been filled with dire warnings about what will happen
if the U.S. government fails to pay its debts. (Washington Post) [ Stand-off …
that’s rich … or in terms of prevalence and consequence, poor. The term brings
to mind, in a manner of speaking, a shoot-out. And, further brought to mind is
a visual where all pervasively corrupt, defacto bankrupt america’s venal,
incompetent politicians / power-brokers / lobbies / players form a big circle
and in unison fire at will at the invisible target in the middle. Parties
at odds on deficit reduction Lawmakers in both parties plot
strategies that could make the deal difficult to find common ground. (Washington
Post) [ Yes … Odds on … favorite … a lose / lose solution. The realistic
scenario brings to mind that old adage that, ‘you can’t make a silk purse out
of a sow’s ear’ … and, yeah, the reality is all that bad. A
debt ceiling leadership failure On Leadership | Congress’s failure to
fix the budget deficit is due to fundamental differences of opinion on the role
of government. U.S.
consumer confidence unexpectedly (but realistically – and not because of the
budget stalemate) falls (Washington
Post) [Davis ‘This is how we pay off our current debts and I
think bondholders are simply happy to get anything out of a country that admits
it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire
global GDP) in the form of unfunded liabilities. The funniest thing about this
(and you have to laugh) is to see Conservative pundits get on TV and talk about
how we need to cut $100Bn worth of discretionary spending to "fix"
this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE
CAREFUL OUT THERE! ‘ President
enters the debt talks Obama hosts sitdowns as leaders remain divided over
spending reductions and tax increases. (Washington Post) [ Oooooh! The big gun
has arrived, with the biggest gun, Mr. Teleprompter just a hot line away. Come
on! Let’s get real! What does wobama the b (for b***s***) know that any of
these other fellow nincompoops don’t; particularly about economics / finance,
even compared to ‘Lobotomy Joe’. Market Crash 6/30/11?Technical indicators suggest market collapse may
begin by June 30th Dennis Slothower is one of the world’s leading technical
analysts. He’s one of the few advisors whose readers completely avoided ALL
losses during the disaster that was 2008. And now he’s issuing another dire
warning. His technical indicators suggest that the market manipulation we’ve
seen over the last several months is about to come to an end…and that means
thousands of investors are about to get clobbered. This correction could begin
as soon as June 30th – so it’s important that you take action now to prepare yourself.
StealthStocksOnline.com [ Oooooh! Bring
in the big guns; viz., ‘wobama the b’ (for b***s***) … sounds like a plan!
After all, ultimately it’s Mr. Teleprompter who’ll have the final say; and, it
seems like wobama’s got a lock on that ‘relationship with Mr. T; you know,
‘pecking order’ kinds of stuff … Then begs the question: Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman Though having but 5% of the world’s population, the u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and
personal testimony, an ex-Justice official who quit over the handling of a
voter intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t
think so! I do believe that both nations are regressively but nostalgically
trying bring the world back to failed geopolitical paradigms that made the 20th
century the bloodiest century, not coincidentally the american century
(obviously for israel the latter half century). Yet, such a conditioned
psychopathic approach to global matters has led them self-destructively,
self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs, extinction,
at least in a manner of speaking. Global information exchange at lightning
speed has made such throwbacks to a lost era, propaganda, and maladaptive
traits foolish at best, deadly at worst. Intelligent people worldwide aren’t
buying the obsolete, Orwellian approach fostered by the purveyors of global
unrest; viz., israel, america, Orwellian england, etc.; more specifically,
diversion of the masses from the glaring failures of leadership, economic and
otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
With QE2 Dead, Are We Staring Down a Bull or Bear? By Benzinga.com Jul 05, 2011 ‘…we're in for
doom and gloom in the future. With no bullets left in the gun for Bernanke to
fire …, the government may not have the means to stop the panic a second time.
Things could get ugly in a hurry…’
‘One of the most
convincing cases often made by the stock-market bulls is that stocks are super
cheap, with interest rates at rock bottom and the S&P 500 trading at just
13 times forecast earnings for the 2011. But the market may not be as cheap as
it appears — and it could get a lot cheaper, according to a note today
from Morgan Stanley equity strategist Adam Parker.
First, Mr. Parker
shoots all kinds of holes in the market-is-cheap theory. For one thing, the
market is only slightly cheaper today than its average forward P/E of 13.6,
dating back to 1976.
And the market
isn’t cheap at all using other ratios, such as price-to-sales (1.4x, compared
with a long-term average of 1.1x), price-to-book (2.3x compared with a
long-term average of 2.2x) or price-to-trailing earnings (16.1x compared with a
long-term average of 17.8x).
Meanwhile, the
S&P 500′s dividend yield of just 1.7% is way below an average of 2.7%
dating back to 1964.
And this one is
maybe the most interesting: Mr. Parker argues that the biggest-cap companies
are providing most of the stock market’s cheapness, leaving the rest of the
market fairly valued. If the biggest 30 stocks are excluded, the market’s
forward P/E ratio is 13.5x, nearly matching the historical average. The biggest
30 stocks are trading at 11.5x forward earnings (an echo of the WSJ story today about how
investors have abandoned big-cap tech).
“Our view is that
the mega caps are undervalued and the rest of the market (stocks 31 through
500) are modestly overvalued,” Mr. Parker writes.
And now the
kicker: The market will likely get even cheaper. Analyst earnings forecasts are
now way above their long-term average, up 18.4% in the past year, compared with
an average over the past 20 years of 7.91%. Earnings forecasts seem likely to
fall back to earth, which alone could drive the market’s forward earnings
multiple down to 10.6x, Mr. Parker estimates.
Meanwhile, Mr.
Parker estimates that inflation-adjusted earnings growth has averaged 3.77%
since 1948, and it will likely be lower than that in the next 10+ years, hurt
by higher inflation and slower and more volatile economic growth around the world.
If he’s right,
then the market is more expensive now than it seems. His forecast is that
forward P/E will fall to 10.
Update: A commenter raised
the issue of cash — the top 1500 companies have some $1.5 trillion in cash
sitting on their balance sheets, fuel for future growth, stock buybacks,
dividends, etc. That should make the market more attractive, but Mr. Parker
dismantles this one, too, saying companies have net debt near pre-Internet
bubble levels, that much of the cash is overseas and must be repatriated and
that investors have been cutting the premium they’re willing to pay for
corporate cash in recent years.’
S&P Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell ‘Are equities
positioned for a nosedive? [Unequivocally, yes! Jobless claims at 428,000 much
worse than expected; and, don’t forget, these are desperate ‘pre-election
times’ when regardless of factual reality (ie., fake reports, data, as, ie.,
‘wobama hometown’ corrupt chicago ISM is up as even their youth gangs are
showing increased criminal activity which probably accounts for the rise; ie.,
meth, crack labs, etc.?) data / reports are fudged / faked / spun. Foreclosure,
distressed sales up, at least on paper with contracts signed, so no surprise
nor reason to cheer here, as markets worldwide jump on the american crazy train
for a short-lived manipulated bounce as
all problems remain. This is the same month end (and quarter, half)
spurt / window dressing based on b***s*** alone to keep the suckers suckered
and an especially great time to sell / take profits since there’s much worse to
come! ] This week the S&P 500 surged 2.6% from a week ago, to close at 1,320.
The equities index has nearly reversed its one-month drop, after closing at
1,331.10 on May 27.
At first glance, an auspicious close to both QE2 and the
second quarter. Investors cheered news that Greece would avoid a near-term
default on its debt. Still take a close look at the historical tight
correlation between the S&P 500 and the four-week rolling average for
initial jobless claims, and the equity recovery could be a temporary blip.
http://blogs-images.forbes.com/maureenfarrell/files/2011/06/6-30MFjobless.png
This chart plots the S&P 500 index against an inverse
of the 4-week average of initial jobless claims. If you can excuse the tiny
font, the chart illustrates a tight and curious correlation between these
metrics since December 2006.
Looking back over the past four and a half years, these
lines tends to stay tightly correlated, and when they diverge, they quickly
retreat back together. Looking back at this chart, the equity market continued
to tumble through January 2009 as more Americans filed for unemployment each
week. Conversely as these jobless claims dropped to 450,000 mark, the market
largely moved upwards.
Now the question is: will jobless claims move and stay
below 400,000? If so perhaps, the equity rally will continue, but if they
remain stuck around 428,000, the number reported today, expect a downturn in
the equities market.
Jobless claims are clearly a barometer of the larger
economic picture and are more of a coindicator than a leading indicator. This
chart shows that initial jobless claims(upside down) and the S&P 500 move
in concert. Over a month or two, if they start moving in wildly different
directions, it’s a good bet that one of them is wrong.
Special thanks to my colleagues, statistical wizards John Ray and Scott DeCarlo for their
assistance in constructing this chart.’
Dick Bové: Lost Finance Jobs Are Gonna Stay That Way…FOREVER
S&P
Reaches Possible Reversal Point at Minyanville
Moody's cuts Portugal to junk, warns on 2nd bailout
John
Mauldin: My View on the Last Half of the Year at Minyanville By John Mauldin Jul 05,
2011 ‘What does the end of QE2 mean?
What can we expect from Europe? Is a commodity bubble getting ready to burst?
Is it really a bubble? Editor's note:
The following was originally published by John Mauldin on July 2, 2011. calling for a
recession by the end of the year, and he sent me a rather vivid PowerPoint of
his latest thoughts. Let me share a few of those slides with you. data , small
businesses are not really back in the hiring game, and that is where the action
needs to happen. We will see a new survey next week, but I doubt we will see a
major jump in expectations. http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/M%20chart%201.jpg talking to a
friend yesterday who is a director on two local bank boards. He
pointed out that while the government wants banks to lend, the regulators (the
Fed) are basically saying they can do development loans without very large
equity components. They want 50% loan-to-value of very-reduced valuations.
Let’s look at two charts from Rich. One shows commercial construction and the
other shows regional and strip mall vacancies. Construction spending for May
2011 fell 0.6% below its revised level in April, and is 7.1% below its May 2010
level. This is not the stuff that makes real estate moguls want to part with
their cash. Nor does it bode well for construction jobs. http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/M%20chart%202.jpg http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/M%20chart%203.jpg
http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/M%20chart%204.jpg http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/M%20chart%205.jpg
[$$]
Once Again, Gold Makes Sense at TheStreet
Top 3 Reasons Markets Were Mixed After Last Week’s Gains Wall St. Cheat Sheet ‘ With five
straight days of gains, the markets had their best week in two years leading up
to the Fourth of July weekend. But as we return from the weekend’s fun in the
sun, markets are mixed, with only the Nasdaq (NASDAQ:QQQ) showing minor gains.
Markets closed mixed on Wall Street today: Dow -0.10% ,
S&P -0.13% , Nasdaq +0.35% , Oil +2.02% , Gold +2.25% .
On the commodities front, Oil (NYSE:USO) jumped
back up to nearly $97 a barrel. Precious metals also took a turn, with Gold
(NYSE:GLD) rising to $1,516, while Silver (NYSE:SLV) was up 5.49% to $35.56.
Today’s markets were mixed because:
1) Portugal may be the new Greece . Moody’s cut
Portugal’s credit rating by four levels to Ba2, two notches into junk territory
. Moody’s says Portugal will need a second bailout, like the one currently
being planned for Greece, before it can return to capital markets.
2) May factory orders . This data may have been the one
bright spot in a gloomy day of trading, and along with energy sector gains, one
of the only reasons markets weren’t as bad as they could have been. New orders
for manufactured goods rose $3.5 billion in May, or 0.8%, to $445.3 billion
after decreasing 0.9% in April.
3) Poor financials. Stocks dropped today for the nation’s
biggest financial firms: JPMorgan (NYSE:JPM), Bank of America (NYSE:BAC),
Citibank (NYSE:C), Goldman Sachs (NYSE:GS), Wells Fargo (NYSE:WFC), Morgan
Stanley (NYSE:MS), and just about every other financial stock trading on the
NYSE. And when the banks have a bad day, everyone has a bad day. The New York
Stock Exchange’s gainers were roughly even with decliners in today’s trading…’
First-Half
Proves ‘Humbling’ For Paulson, Einhorn & Ackman
What
Country Is the Safest Place to Invest Your Money? (CNBC) [ Wow! Pervasively corrupt, defacto bankrupt america is #
… 15 … orwellian england is # … 22 … keep ‘dem’ wars rollin’ … they do wonders
for the economy! ] ‘ Norway is the
least-risky nation on the planet, Greece is the riskiest country, and the debt
of the United Kingdom is surprisingly suspect relative to other developed
nations, according to a new index of sovereign risk just released by the
largest publicly traded asset manager.
The Nordic country “ benefits from extremely low
absolute levels of debt, a strong institutional context and very limited risks
from external and internal financial shocks, ” said Benjamin Brodsky, head of fixed income asset
allocation at the firm, which has $3.65 trillion under management.
BlackRock created the investing
tool to capitalize on macro themes that have dominated headlines as Europe ’ s woes and the U.S. debt ceiling
become the biggest issues of 2011. Macro investing has also seen more inflows
than any other hedge-fund category this year, according to a number of surveys.
The asset manager attempts to go a
step further than just the usual debt-to-gross-domestic-product ratio analysis.
It also factors in an exhaustive list of metrics that fall under four broad categories:
proximity to distress, external finance position, banking sector health and
willingness to pay.
“ The high correlation between the BlackRock Sovereign Risk
Index and CDS spreads suggests that we have identified significant drivers of
sovereign risk, even while avoiding direct inclusion of market-based measures
in the index, ” states the
report.
Chart Norway: http://api-cdn.cnbc.com/api/chart/chart.asp?YYY330_VnsGsd2sggPqXYH+RDnPSXpNT2fyPMN1ZNBRwDKuAR0=&type=small&charttype=price&timeframe=1week&realtime=0&symbol=NORW&showHeader=&showSidebar=0&hideExchange=0&changeOverTime=0&showExtendedHours=0
Other notable surprises in the
44-country index, which assigns a single score to each nation, are Canada at
No. 6, the U.S. at 15th just behind China and the U.K. at 22, with a negative “ risk index score. ”
The U.K., a prime example of the
broad factors the index takes into account, is behind countries including
Russia and Peru because of its weak banking sector.
“ While the country ’ s institutional strength and integrity is notable, and it
is insulated from external financial shocks, its weakness is attributable to a
weak fiscal space profile, while contingent liabilities to the financial sector
drag, ” states the
report. “ In addition,
the U.K. ’ s growth of
credit has outpaced GDP in recent years, a hallmark of a bubble. ”
Rounding out the bottom five of
the index, following Greece, are Portugal, Venezuela, Egypt and Italy. Sweden,
Switzerland, Finland, and Australia are among the top five for your money. But
the highest score, by far, is the debt of Norway.
“ They ’ re oil rich and fiscally conservative, ” said Larry McDonald, author of "A
Colossal Failure of Common Sense, the Lehman Brothers Inside Story." The country
has about $300,000 per person in oil reserves, according to McDonald, who gave
a speech at a bank in the country last year.
Norway ’ s GDP per capita is the
seventh-highest in the world, and it is the ninth-biggest oil exporter in the
world, according to the CIA World Factbook. Besides petroleum products, the
country ’ s biggest
exports are machinery, metals, chemicals, ships and fish, according to the CIA …’
And it is not
just Greece. After Greece is dealt with, the eurozone must deal with Ireland
and Portugal. And the market is increasingly suggesting there is more risk
there than the area can handle. Look at the graph below, which shows the steady
rise of interest rates for Ireland and Portugal. This looks like Greece not so
long ago. And Portugal now has higher rates than Ireland. This means that both
countries are effectively cut out of the private market. ( www.ifr.com ) http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/M%20chart%206.jpg http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/M%20chart%207.jpg
While the focus is for the moment on the
question of bridging Greece’s immediate funding need, it’s
important not to lose sight of the bigger picture, which is that indebtedness
is not the periphery’s only problem, and is in many way only a symptom of the
structural imbalances (extremely negative current account and budget deficit)
that plague it. No amount of funding will change the fact that the periphery
continues to be extremely uncompetitive; that in order to become competitive,
it needs to become much cheaper; and that as long as it continues to be a
member of the euro, the only way to achieve this is through sustained wage cuts
and deflation that would need to be dramatically more extreme than the
adjustments they’ve experienced thus far.
mutual funds and money
managers. Let’s see if there is follow through in July. The last time QE was
stopped the markets swooned. That is only a data point of one, but it’s all we
have. data , it is not yet
suggesting a recession. I would be very careful about any long-only trades,
whether it be stocks or commodities or bonds. We just don’t know – there is
less certainty than at almost any time I can remember. view
the entire episode next week on the McCuistion website. http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/M%20image.jpg financial minds I know. Editor's Note: This content was taken from John Mauldin's weekly E-Letter,
Thoughts From the Front Line. See more at John's home page . @Minyanville .’
Europe
Persists in Seeking a Solution for Greece New York Times | European
bankers said that they had not given up on effort to help sort out Greece’s
finances, a day after a major ratings agency said it would consider Greece to
be in default.
ECB
unlikely to walk away from Greek banks MarketWatch | Tensions
rising between central bank, ratings companies.
JPMorgan
Chase’s Jamie Dimon as New U.S. Treasury Secretary? Zero Hedge | Relentless
printing of new bonds would necessitate round after round of QE.
ECB Will
Continue to Accept Greek Debt Financial Times | The European
Central Bank will continue to accept Greek debt as collateral for loans unless
all the major credit rating agencies it uses declare it to be in default.
The
ECB Already Has A ‘Plan B’ In Case The Ratings Agencies Wreck The Greek Bailout Business
Insider | The big chatter over the last few days has concerned
the ratings agencies, and whether they would torpedo the Greek bailout.
Moody’s
July 4 Bomb: Rating Agency Finds 10% Of Chinese GDP Is Bad Debt, Claims “China Debt
Problem Bigger Than Stated” Tyler Durden | The timing
on the earlier pronouncement that rating agencies may have found religion could
not have been better.
US worse than Greece? RT | Max talks to
economist Yanis Varoufakis about the bailout and austerity packages for Greece.
The
back-office power brokers Experts in managing troubled loans of commercial real
estate see their fortunes rise in the recession. (Washington Post) [ Kinda’
like a ‘heck of a job, brownie’ (Katrina) moment. Foreclosure
backlogs swell nationwide States are wrestling with backlogs, exacerbated by
homeowners who continue to fall behind on payments. Foreclosure
properties become eyesores Foreclosures
pit suburbia against Wall Street (Washington Post) [ It aint just the foreclosures that pits
people against wall street and it aint just suburbia. No, there is no
modern day alchemy that spins worthless paper into gold except fraudulently for
the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing
out’ for hard currency and gold, precious metals, at everyone else’s expense
including main street. The catering to fraudulent wall street was a loser ab
initio! That so-called ‘wealth effect’ market froth was used previously by
senile ‘maestro’ greenspan and now ‘no-recession-helicopter-ben-bs-bernanke’
has failed miserably except for the frauds on wall street who commissioned up
and down; and, make no mistake, those computer-programmed high-frequency
trading volumes have now been maximized for nation-economy-draining profits for
the frauds like never before and have never been higher. The QE and
dollar-debasement policies were always predictably inflationary, ultimately
hyperinflationary, particularly for stocks; that ‘feel good’ obfuscation that
was but in reality good only for the frauds on wall street. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! Jobless claims worse than expected
at 428,000 I thought the following was
interesting: 15
Worst Housing Markets for Next 5 Years - Business Insider Provided by The
Business Insider's Gus Lubin and Linette Lopez ‘If you bought a home in Miami in 2005,
we're sorry: over the following six years it depreciated in value by more than
54.3%.
And the rebound -- if there is a rebound -- won't come
soon.
Between Q2 2011 and Q2 2016, Miami home
prices will decline at an annualized rate of 0.7% , according to
data provided by Fiserv Case Shiller.
Fiserv identified 15 housing markets that will appreciate
at an annualized rate of less than 1.5% -- a pretty lousy investment. If you
stay out of these markets, the national average is slightly better at 3.7%.
Here are the 15 Worst Housing Markets
For The Next Five Years
The worst place to invest: Miami,
Florida
Cumulative growth from 2005 to 2011: -54.3%
Annualized growth from 2011 to 2016: -0.7%
Trough: Q3 2012
The second worst place to invest:
Atlantic City, New Jersey
Cumulative growth from 2005 to 2011: -34.05%
Annualized growth from 2011 to 2016: 0.2%
Trough: Q3 2012
3. Nassau County, New York
Cumulative growth from 2005 to 2011: -27.3%
Annualized growth from 2011 to 2016: 0.7%
Trough: Q4 2011
#4 (tie) Fort Lauderdale, Florida
Cumulative growth from 2005 to 2011: -52.9%
Annualized growth from 2011 to 2016: 0.8%
Trough: Q4 2012
#4 (tie) Midland, Texas
Cumulative growth from 2005 to 2011: -40.95%
Annualized growth from 2011 to 2016: 0.8%
Trough: Q1 2009
#4 (tie) Washington, D.C.
Cumulative growth from 2005 to 2011: -28.1%
Annualized growth from 2011 to 2016: 0.8%
Trough: Q1 2009
#7 Abilene, Texas
Cumulative growth from 2005 to 2011: -18.9%
Annualized growth from 2011 to 2016: 1.0%
Trough: Q1 2009
#8 Morgantown, West Virginia
Cumulative growth from 2005 to 2011: -4.15%
Annualized growth from 2011 to 2016: 1.1%
Trough: N/A
#9 (tie) Austin, Texas
Cumulative growth from 2005 to 2011: 2.63%
Annualized growth from 2011 to 2016: 1.2%
Trough: Q4 2012
#9 (tie) Waterloo-Cedar Falls, Iowa
Cumulative growth from 2005 to 2011: -2.73%
Annualized growth from 2011 to 2016: 1.2%
Trough: N/A
#11 (tie) Baton Rouge, Louisiana
Cumulative growth from 2005 to 2011: -14.48%
Annualized growth from 2011 to 2016: 1.4%
Trough: Q1 2012
#11 (tie) Amarillo, Texas
Cumulative growth from 2005 to 2011: -10.5%
Annualized growth from 2011 to 2016: 1.4%
Trough: Q4 2012
#11 (tie) Lancaster, Pennsylvania
Cumulative growth from 2005 to 2011: -5.15%
Annualized growth from 2011 to 2016: 1.4%
Trough: Q2 2012
#11 (tie) Monroe, Louisiana
Cumulative growth from 2005 to 2011: -11.31%
Annualized growth from 2011 to 2016: 1.4%
Trough: N/A
#11 (tie) Shreveport, Louisiana
Cumulative growth from 2005 to 2011: -10.38%
Annualized growth from 2011 to 2016: 1.4%
Trough: Q3 2011 ‘
National / World
Is a U.S. Default Inevitable? Patrick J.
Buchanan | Is America then headed for an inevitable default? As
President Bush prepared to invade Iraq in September 2002, the head of his
economic policy council, Lawrence Lindsey publicly estimated such a war could
cost $100 billion to $200 billion. Patrick J.
Buchanan July 5, 2011
Lindsey had committed candor, and the stunned Bushites
came down on him with both feet.
“Baloney,” said Donald Rumsfeld. The likely cost would be
$60 billion, said Mitch Daniels of the Office of Management and Budget. We can
finance the war with Iraqi oil, said Paul Wolfowitz.
By year’s end, Lindsey was gone, back, in Ronald Reagan’s
phrase, “testing the magic of the marketplace.”
And the cost of the Iraq War? It has passed $1 trillion.
So Lindsey is worth listening to. And he is now saving
that the Obamaites may be wildly underestimating the deficits America is going
to run in this decade. Here is why.
The average rate of interest the Fed has had to pay to
borrow for the last two decades has been 5.7 percent. However, President Obama
is projecting the cost of money at only 2.5 percent.
A return to the normal Fed rate would, by 2020, add $4.9
trillion to the cumulative deficit, says Lindsey, more than twice the $2
trillion in savings being discussed in Joe Biden’s debt-ceiling deal.
Second, Obama is estimating growth in 2012, 2013 and 2014
at 4, 4.5 and 4.1 percent. But the normal rate for a mature economy recovering
from recession is 2.5 percent.
Hence, if we return to a normal rate of growth, rather
than rise to Obama’s projected rate, says Lindsey, that would add $700 billion
to the deficit over the next three years and $4 trillion by 2020.
Taken together, a U.S. return to a normal rate of growth
of 2.5 percent, higher than today, and a normal rate of interest for the Fed
could add as much as $9 trillion to the deficits between now and 2020.
New taxes on millionaires and billionaires who ride
around in corporate jets can’t cover a tenth of 1 percent of these deficits.
Writes Lindsey, “Only serious long-term spending
reduction in the entitlement area can begin to address the nation’s deficit and
debt problems.”
His conclusion
is logical, but seems impossible to achieve when both parties are talking of
taking Medicare and Social Security off the table. Which makes his final point
all the more compelling:
“Under current
government policies and economic projections, (bondholders) should be far more
concerned about a return of their principal in 10 years than about any
short-term delay in interest payments in August.”
Lindsey is
saying that the probability of U.S. bonds losing face value through inflation
or default is high, given the size of the deficits we will be running and the
improbability that any deficit-reduction plan now out there can significantly
reduce them.
Standard &
Poor’s and Moody’s are already talking of downgrading U.S. debt if the debt
ceiling is not raised by early August.
Is America then
headed for an inevitable default?
One Chinese
economist is already accusing us of defaulting, as the Fed’s flooding of the
world with dollars has seen the dollar lose 10 percent of its value against
other currencies in the last year.
Holding $1
trillion in U.S. debt, China has watched the purchasing power of that U.S.
paper plummet. Understandably, Beijing fears that if we ever pay back all they
have lent us, it will be in U.S. dollars of far lesser value.
What should House
Republicans do?
Stick to their
principles and convictions.
For the cause
of the deficit-debt crisis has been the explosion in federal spending under
Barack Obama to the largest share of the U.S. economy since the climactic years
of World War II.
Administrations
of both parties contributed to this rise in the federal share of gross domestic
product. But the GOP committed itself in 2010 to rein it in, without raising
taxes. On that pledge the GOP triumphed and should keep its commitment.
First, because
it is a solemn undertaking with a nation disgusted with politicians who say one
thing and do another. Second, because our fiscal crisis, like Europe’s, is a
result of too much government, not too little revenue. Third, because there is
no credible school of economic thought that says raising taxes on the
productive sector when one in six workers is unemployed or underemployed is the
way to prosperity.
Under Obama
these past two years, the nation relied on the U.S. government to pull us out
of the ditch. But Obama’s $787 billion stimulus, his three deficits of 10
percent of GDP, and Ben Bernanke’s tripling of Fed assets by buying the bad
paper of big banks and $600 billion in U.S. debt all failed.
For Republicans
to agree now to a tax increases that would violate their principles, their
promises to the voters and their basic philosophy — and be icing on the cake of
Obama’s debt-ceiling increase — would be politically suicidal.
Indeed, were
the Republican Party to do this, it would raise the question of why we need a
Republican Party.
These might be
related:
Is a U.S. Default
Inevitable? Share… By Patrick J. Buchanan
We were blindsided. We never saw it coming. So said… Let Russia Default! Share… By Patrick J. Buchanan – June 9, 1998 Why
would Republicans even think of… Is a Bond Crisis
Inevitable? Share… By Patrick J. Buchanan
With Christmas shoppers out in force and the stock market… Is Obama
Only Postponing the Inevitable? Share… By
Patrick J. Buchanan In deciding to pull all of the 30,000 troops from… Was the Holocaust
Inevitable? Share… by Patrick J. Buchanan
“What Would Winston Do?” So asks Newsweek’s cover, which features… Obama Blows up the
Bridge Share… By Patrick J. Buchanan
“Rather than building bridges, he’s poisoning wells,” said Rep. Paul… Fatal Flaw of
Democracies Share… by Patrick J. Buchanan
“We just can’t afford it!” Not long ago, every America… Socialist Republic Share… By Patrick J. Buchanan Barack Obama and
George W. Bush seem to have come… America’s Bubble Economy Share… By Patrick J. Buchanan – April 28, 1998 Now
that the Dow has crossed… Pitchfork Time Share… By Patrick J. Buchanan In his campaign and
inaugural address, Barack Obama cast himself…’
U.S.
debt limit affects world finances The stand-off between congressional
Republicans and the Obama administration over raising a legal limit on how much
the nation can borrow has been filled with dire warnings about what will happen
if the U.S. government fails to pay its debts. (Washington Post) [ Stand-off …
that’s rich … or in terms of prevalence and consequence, poor. The term brings
to mind, in a manner of speaking, a shoot-out. And, further brought to mind is
a visual where all pervasively corrupt, defacto bankrupt america’s venal,
incompetent politicians / power-brokers / lobbies / players form a big circle
and in unison fire at will at the invisible target in the middle. Parties
at odds on deficit reduction Lawmakers in both parties plot
strategies that could make the deal difficult to find common ground.
(Washington Post) [ Yes … Odds on … favorite … a lose / lose solution. The
realistic scenario brings to mind that old adage that, ‘you can’t make a silk
purse out of a sow’s ear’ … and, yeah, the reality is all that bad. A
debt ceiling leadership failure On Leadership | Congress’s failure to
fix the budget deficit is due to fundamental differences of opinion on the role
of government. U.S.
consumer confidence unexpectedly (but realistically – and not because of the
budget stalemate) falls (Washington
Post) [Davis ‘This is how we pay off our current debts and I
think bondholders are simply happy to get anything out of a country that admits
it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire
global GDP) in the form of unfunded liabilities. The funniest thing about this
(and you have to laugh) is to see Conservative pundits get on TV and talk about
how we need to cut $100Bn worth of discretionary spending to "fix"
this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for
the top 1% each year). There is no fixing this and even a Republican said you
can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS
– PLEASE BE CAREFUL OUT THERE! ‘ President
enters the debt talks Obama hosts sitdowns as leaders remain divided over
spending reductions and tax increases. (Washington Post) [ Oooooh! The big gun
has arrived, with the biggest gun, Mr. Teleprompter just a hot line away. Come
on! Let’s get real! What does wobama the b (for b***s***) know that any of
these other fellow nincompoops don’t; particularly about economics / finance,
even compared to ‘Lobotomy Joe’. Market Crash 6/30/11?Technical indicators suggest market collapse may
begin by June 30th Dennis Slothower is one of the world’s leading technical
analysts. He’s one of the few advisors whose readers completely avoided ALL
losses during the disaster that was 2008. And now he’s issuing another dire
warning. His technical indicators suggest that the market manipulation we’ve
seen over the last several months is about to come to an end…and that means
thousands of investors are about to get clobbered. This correction could begin
as soon as June 30th – so it’s important that you take action now to prepare yourself.
StealthStocksOnline.com [ Oooooh! Bring
in the big guns; viz., ‘wobama the b’ (for b***s***) … sounds like a plan!
After all, ultimately it’s Mr. Teleprompter who’ll have the final say; and, it
seems like wobama’s got a lock on that ‘relationship with Mr. T; you know,
‘pecking order’ kinds of stuff … Then begs the question: Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
Though having but 5% of the world’s population, the u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and
personal testimony, an ex-Justice official who quit over the handling of a
voter intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t
think so! I do believe that both nations are regressively but nostalgically
trying bring the world back to failed geopolitical paradigms that made the 20th
century the bloodiest century, not coincidentally the american century
(obviously for israel the latter half century). Yet, such a conditioned
psychopathic approach to global matters has led them self-destructively,
self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs,
extinction, at least in a manner of speaking. Global information exchange at
lightning speed has made such throwbacks to a lost era, propaganda, and
maladaptive traits foolish at best, deadly at worst. Intelligent people
worldwide aren’t buying the obsolete, Orwellian approach fostered by the
purveyors of global unrest; viz., israel, america, Orwellian england, etc.;
more specifically, diversion of the masses from the glaring failures of
leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Paul Joseph Watson: 2011 – World In Crisis PrisonPlanetLive | Paul Joseph Watson talks to WeAreChange Birmingham about the staggering
amount of crises to hit the globe so far in 2011.
Will Strauss-Kahn Be The Next President Of France? Paul Craig Roberts | Eight years after she went, Strauss-Kahn’s French accuser says she
didn’t know what it meant.
Libertarian Party Asks Florida Sheriffs To Arrest TSA
Agents Steve Watson | The Libertarian Party of Florida has written to the
sheriff of every county in the state demanding that they arrest any TSA agent
who conducts an “enhanced” pat-down.
TSA Violates Its Own Policy To Stem Tide Of Pat Down
Abuse Footage Paul Joseph Watson | The TSA is intimidating passengers from filming security checkpoints
before they land in a bid to stop viral YouTube videos embarrassing the federal
agency.
Nigel Farage: The Worm has Turned You Tube | “I think there is a growing realisation both here and elsewhere that the
worm has turned, that we have seen the beginning of the end of this extremely
dangerous project.”
Comic:
The Facebook Wall of the United States at Minyanville http://image.minyanville.com/assets/FCK_Jan2011/Image/Schuster/Facebook%20of%20America.gif
War
In Libya: NATO runs out of bombs, Germany going to supply munitions RT | Germany
steps up role in NATO war in Libya.
‘War
is a war even if they call it a humanitarian mission’ RT | To discuss
the significance of Germany’s latest move RT talks to political blogger Rick
Rozoff.
‘Mini-surge’
of U.S. Special Forces to hit Afghanistan Stars and
Stripes | U.S. military leaders are working to replace some of the
exiting American conventional forces from Afghanistan with a “mini-surge” of
U.S. Special Forces.
Sterner:
5 myths about NASA (Washington Post)
[ If you can’t get past the first myth; viz., that they actually set foot on
the moon, the other 5 so-called myths become irrelevant. Indeed,
post-Eisenhower, and certainly post-Kennedy-assassination / coup d’etat, NASA
was all military / military industrial complex (moreover, someone knowledgeable
about such matters said essentially that in explaining to my surprise the
transition to the shuttle program it was said there was greater military
application in same). In any event, Russia’s been doing quite a bit of ‘heavy
lifting’ vis-ŕ-vis the space station, but not inordinately so. All I can say
with certainty is that the universe beyond this solar system is forever
protected / insulated. The fact is, they never set foot on the moon; and, in
light of the pervasive corruption in and defacto bankruptcy of the nation,
their perpetual wars toward making a hell on earth militate against anything
but trying to do even just a little bit better (for a start),
terrestrially. NASA wants mission to bring Martian rocks to Earth (AP) Why?
They already have that and more: Launch
of secret US space ship masks even more secret launch of new weapon The
Militarization of Outer Space: The Pentagon’s “Space Warriors” Global Research | It’s not as if things aren’t bad enough right here on planet earth. Now
the Defense Department wants to up the stakes with new, destabilizing weapons
systems that will transform low- and high-earth orbit into another
“battlespace.” buzz aldrin
wants to colonize Mars … Riiiiight buzzed! Better check with DePalma to see if he
already has the footage in the can since you won’t be able to use the moon
footage for the new boondoggle video ... OBAMA SPEECH
OUTLINES PLANS FOR RETURNING DEFACTO BANKRUPT U.S. TO SPACE – OOOOOH! SOUNDS
LIKE A PLAN … FOR INNER SPACE (IMAGINATION).
NASA's New Asteroid Mission Could Save the Planet Space.com - Tariq
Malik - CAPE CANAVERAL, Fla. - President Barack
Obama set a lofty next goal this week for Americans in space: Visiting an
asteroid by 2025. Obama's asteroid goal: tougher, riskier than moon The Associated Press Obama calls for NASA to focus on trips to Mars and beyond Computerworld And don’t forget,
Bruce Willis and Ben Affleck, et als, have already done this so it’s not as if
they’re starting from ‘ground zero’, so to speak; and Brian DePalma already has
‘Mission to Mars’ in the can, but beware say the producers of ‘Species II’
since Eve, the cloned daughter of Sill, might want to mate with astronaut Paddy
Ross who has returned from Mars as a space alien host body. First fake moonwalker blasts Obama's space plan msnbc.com - Bill Ingalls - The first man to pretend to walk on the moon blasted President
Barack Obama's decision to cancel NASA's back-to-the-moon program on Tuesday,
saying that not going with the new movie is “devastating” to america's
boondoggle spaced out effort. Fake dutch 'moon rock' revealed a
treasured piece at the dutch national museum - a supposed moon rock from the
first manned lunar landing - is nothing more than petrified wood, ...bbc news
bbc news | europe | fake dutch 'moon rock' revealed prized moon rock a fake - a
piece of moon rock given to an overseas politician by the united states is
actually a lump of petrified wood, museum authorities revealed yesterday. ...
'Moon rock' in dutch museum is just petrified wood aug 27, 2009 ... Fake moon
rock at dutch national museum. Rijksmuseum / ap. This rock, supposedly brought
back from the moon by american astronauts, ... http://www.albertpeia.com/moonfraud.htm http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv
A
fight over what we can keep
In Minnesota and elsewhere, the struggle is over what is promised versus
what is affordable. (Washington Post) [Will Your Pension Be
Worthless? Mac Slavo | We know the
Federal and State governments are in serious fiscal trouble. States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Minnesota government
shuts down Politico | Minnesota’s
government shut down at midnight local time Friday after six months of negotiations. Record
44.7 Million People Celebrate Geithner’s Departure And The End Of QE2 Through
Foodstamps Zero Hedge | April
participation in Supplemental Nutrition Assistance Program (SNAP), better known
as “foodstamps”, shows yet another record, this time 44.647 million people.
Debt
Increased More Under Geithner Than Under Any Treasury Secretary in U.S. History CNS News | Timothy
Geithner oversaw the largest increase in the national debt of any Treasury
secretary in American history.
MORE
CONFIRMATION: The World Economy Is Rolling Over Business
Insider | The latest batch of PMI data is confirming that the
world economy is still rolling over.
While
Criminal US Bankers Receive Golden Parachutes, Barbarian Afghanistan Has Just
Arrested Executives Of Failed Kabul Bank Tyler Durden | Sometimes it
is good to put things in perspective when comparing developed democracies like
America and barbaric despotic dictatorships like Afghanistan. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
… Yet, one must ask what have they been doing and already getting paid for?
Roche 'The worst part of it ...Obama,
who vowed change, has done almost nothing to fix any of it and in fact
continues most of the policies that helped get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud )
Drudgereport: UPDATE:
Minnesota Government Shuts Down... Washington
state closes tourism office... Florida
state workers get pink slips, more cuts ahead...
FEDS
STRIKE DOWN STATE'S BAN ON RACE CONSIDERATION IN COLLEGE ADMISSIONS...
SoCal
Looks to Secede from California...
REPORT:
U.S. Air Force, Navy still flying hundreds of missions over Libya... FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA
FIGHTS FOR HIS RIGHT TO BOMB LIBYA... )
Riot
police braced for violence as union protesters march in cities across the UK
and strike closes a third of all schools Riot police were put on standby
in anticipation of trouble in Central London, as anarchist group Black Bloc
threatened ‘a day of rage’ and 10,000 officers have had their leave cancelled.
Erik Wemple : Will Media Matters stay on Beck? ...probably
will fall into a category like Alex Jones, who has an audience but no
influence,”says Rabin-Havt.. (Washington Post) [ If it was any newspaper other
than the Washington Post, I’d feel compelled to defend Alex Jones here. After
all, I do feel what he does to be important as alternative media / information
that much of mainstream is afraid to touch despite the verity of same, and his
and crew’s commitment of time and resources to same. Moreover, his articles /
links to same are highlighted and figure prominently on my own website.
However, I’m constrained to say that for all Jones’ emphasis on free press and
complaints against censorship, he / his hypocritically censored me regarding
what I deem to be eminently important; viz., not just describing what is and
the symptoms thereof, but the reasons including root causes therefore,
particularly from an historical, anthropological, evolutionary and
psychological perspective. With Alex Jones and crew, it’s always those
vegetable / so-called elite mental cases primarily from abroad in cahoots with
domestic vegetable / so-called elite mental cases; and, to be sure, there is
quite a bit of that, particularly from an Orwellian perspective. But, they are
mentally infirm, incompetent vegetables, after all; and inherently so. That
sad, pathetic group can’t possibly explain and be blamed entirely for the
highest crime rates in the world among so-called developed nations (and that’s
just the ones ‘caught’ / prosecuted / reported), among the bloodiest of civil
wars, the near genocide wrought upon the indigenous peoples of this land which
was literally stolen from them, the pervasive corruption that now envelopes
this war mongering though defacto bankrupt nation. Nor is the notion of ‘blue blood
distinction’ a positive and more likely a negative inasmuch as with rare
exception (ie., Puritans, infra, etc.) initial immigrants had less rational
basis for coming to the wilds of this new land and probably had few prospects
in their home countries as compared with later immigrants to whom could be
attributed a rational decision. In other words, for example, I believe the ancestral
bushes would have been criminals in their ‘nation of origin’, etc.. It is the
notion of inherent american criminality that I believe frightened Alex Jones et
als the most and their felt need to resort to censorship they so protest as to
themselves. The only paper / media /news disseminator I’ve found (I sampled
many, including the biggest) to be true to the first amendment while retaining
the highest of journalistic standards and quality is in fact The Washington
Post (of Washington no less where the temptation to greece (sic) grease the
skids for the pols in return for access must be great; instead, when the pols,
etc., see a Washington Post Reporter / Journalist / Correspondent the reaction
is more of a, ‘we
better get our facts in order’; and I’m not saying this to ‘stroke’ what I
consider to be the last and truly only great newspaper in america, viz.,’ The
Washington Post’. While some may say
my statistical sampling to be less than random or large enough, I’d reply that
such inferences are indeed accurate, and that such disciplines as the simplex
algorithm / management science, linear algebra, statistics came very easily to
me, and that I’d surely know the difference.
America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
Though having but 5% of the world’s population, the u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and
personal testimony, an ex-Justice official who quit over the handling of a
voter intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t
think so! I do believe that both nations are regressively but nostalgically
trying bring the world back to failed geopolitical paradigms that made the 20th
century the bloodiest century, not coincidentally the american century
(obviously for israel the latter half century). Yet, such a conditioned
psychopathic approach to global matters has led them self-destructively,
self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs,
extinction, at least in a manner of speaking. Global information exchange at
lightning speed has made such throwbacks to a lost era, propaganda, and
maladaptive traits foolish at best, deadly at worst. Intelligent people
worldwide aren’t buying the obsolete, Orwellian approach fostered by the
purveyors of global unrest; viz., israel, america, Orwellian england, etc.;
more specifically, diversion of the masses from the glaring failures of
leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Drudgereport: TEMPLETON
chairman: Financial Crisis 'Around Corner'... 'WE
ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...'
S&P
WARNS GREECE OF DEFAULT -- EVEN WITH BAILOUT! 'Impossible
knot'...
Obama
Economists Admit: 'Stimulus' Cost $278,000 per Job... CA Prison Shrink Paid $838,706 Last Year... No
recession for 454 White House aides: They'll make $37,121,463 this year... United
States of 'gloom'...
Iran
Ridicules: America is Not Independent...
SHOCK:
Father with HIV raped 6-month-old son...
MEDIA
BLOWS IT, AGAIN... NANCY
GRACE LEFT SPUTTERING: 'SOMEWHERE OUT THERE, THE DEVIL IS DANCING TONIGHT'... Attorney:
Case Was 'Media Assassination'... 'Now
you have learned a lesson'... CBS
host breaks down... 'TOT
MOM' CLEARED BY COURT...
JURY:
NO MURDER! Only
guilty of lying to cops...
Portugal's
Debt Downgraded to Junk... CHINA:
USA 'ALREADY DEFAULTING'... DOLLAR
TO 'LOSE RESERVE STATUS'
Economy
Expected to Have Major Slide in Months Ahead... NEW
IMF CHIEF FROM CHICAGOLAND... MARK
HALPERIN CALLS OBAMA 'A DICK' ON LIVE TV... POLL:
Obama 42%, any
Republican 46%... Campaign
signals fundraising fail... UPDATE:
Minnesota Government Shuts Down... Washington
state closes tourism office... Florida
state workers get pink slips, more cuts ahead...
FEDS
STRIKE DOWN STATE'S BAN ON RACE CONSIDERATION IN COLLEGE ADMISSIONS...
SoCal
Looks to Secede from California...
REPORT:
U.S. Air Force, Navy still flying hundreds of missions over Libya... FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA
FIGHTS FOR HIS RIGHT TO BOMB LIBYA... ) GETTING
NERVOUS
NEWT:
Obama 'most successful food stamp president in American history'...
Bachmann:
Media wants 'to see two girls come together and have a mud wrestling
fight'…[Well, I don’t know about the mud wrestling, but voyeurs all, ‘come
together’ sounds about right … playing ‘victim’ does not become a presidential
candidate. ] ...
Palin:
Hollywood stars as 'full of hate'... ["What
would make someone be so full of hate?" palin asks … answer: resistance to
someone as dumb and full of war-mongering hate as she is! ]
REPORT:
NATO forces ARE
trying to assassinate Qaddafi...
Los Alamos under siege from wildfire... 'Throwing absolutely everything at this that we got'...
BLAGO
LIKELY HEADED TO PRISON... 'What
happened?' But
he gets to keep his hair... Fitz
finally wins one!
GUILTY
IN CHICAGOLAND... 17
of 20 counts... Tried
To Sell Obama's senate seat... Jury
DEADLOCKED on Rahm shakedown... Blago
to lawyer: 'What happened?' 'Stunned'...
JOBLESS
WEAK: 429,000... ...disappointed Economic
trouble puzzles Fed chief...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... THE NEW
'NORMAL' GALLUP
PLUNGE... Approval
-4, disapproval +5 -- in one day!
DOWN
TO THIRD: USA 'TO FALL BEHIND INDIA' IN TRADE... DEM
FIX: MORE SPENDING! Bernanke
speaks, stocks sink... FORBES:
'Admits he's clueless'...
CBO:
Long-Term Debt Picture Worsens... Would
reach 101% of GDP by 2021... STUDY:
State, local gov'ts must raise taxes $1,400 a year for
30 years to fund pensions...
Millionaires
shrug off downturn; Wealthy richer than before crisis...
Zuckerman:
'We now have more idle men, women than at any time since Great Depression'...
SHOCK
POLL: ONLY 3 in 10 WILL VOTE FOR OBAMA... 66%
say US headed in 'wrong direction'...
Greece
Agrees on New Austerity Plan With EU, IMF... ANGER
IN ATHENS... 'BLACK
HOLE'...
WH
TRANSCRIPT: 'Over the last 15 months we’ve created over 2.1 million private
sector jobs. (Laughter.)'...
REPORT:
GANNETT to slash more jobs across the country… [ No surprise here for this
pathetic shill, rag publisher. The only real newspaper consistent with a
tradition of courage, excellence, and respect for the first amendment is The
Washington Post …] ...
DEBT
TALKS BREAKDOWN; TAX BUST
S&P:
Risk of U.S. credit rating downgrade increased...
Chicago
county faces $108 billion
gap in pensions....
Greek
Streets 'Explosive'... PM
wins confidence vote 'but outlook remains dire'...
Huntsman
announces presidential bid at Statue of Liberty... Harry
Reid endorses... Bachmann
surges to primary lead...
Iraq
hunting $17 billion missing after U.S. invasion... NATO
NIGHTMARE: 9 CIVILIANS KILLED NATO strike kills 15 Libyan civilians ]
Census:
Whites lose majority among babies... German
Giant Says US Workers Lack Skills... PAPER:
AMERICA'S LOST DECADE? States
look to Internet taxes to close budget gaps...
SPANIARDS
ON MARCH OVER BLEAK PROSPECTS...
House will move this week to limit funding for effort in Libya...
'DON'T
BE SURPRISED IF ATHENS GOES UP IN FLAMES'... GREEK
PM PLEADS FOR UNITY! ...warns
against default Threat
to downgrade Italian debt raises contagion fears... Princess
Diana Conspiracy Movie Headed to Theaters...
]
PAPER:
AMERICA'S LOST DECADE?
Bachmann:
Obama 'has failed' blacks, Hispanics... Presidential
no-show miffs Hispanics... African-American
unemployment at 16%... ]
SHE'S
OFF! (on the road again) Michelle Obama embarks on Africa visit … (stay there!)
... Michelle Obama Admits: 'Fortunately, We Have Help From The Media'... CHICAGOLAND:
Rahm's Top Cop Blames Gangs, Crime on 'Gov't-Sponsored Racism'... Likens
federal gun laws to 'racism'...
Teen
Mob Of 50 Hits Chicago WALGREENS... Teen
brutally beaten by mob of blacks; cops
mull 'lynching' charge... Princess
Diana Conspiracy Movie Headed to Theaters... [ British
queen arrives in Ireland Queen Elizabeth II’s visit overshadowed by security
scares. (Washington Post) [ ‘How sweet she is’ … that ‘sweet liz’ … that is
… Diana
film causes stir at Cannes “Unlawful
Killing” has a combination of celebrity, controversy and canny hype-mongering.
(Washington Post) [ Let’s not kid
ourselves … and, Dodi Fayed’s father was no dope and knew the score. Indeed,
it’s not coincidental that William’s the over-riding favorite of granny Liz II;
after all, Harry’s the bastard son of Hewitt (don’t buy into their DNA proffer
which they did buy – you know, that ‘bloodline thing’). Moreover, it was reported
that Diana had another ‘potential challenger in the oven’ at the time of her
death and we all know how dicey such english affairs of state can be (ie.,
Henry VIII, Richard III, etc.). Then there’s the contempt of Diana for having
brought the son of her bosom, Chas, down. Do I think she said flat out ‘kill
Diana’. No … more of a ‘do what’s necessary’ to mi6 et als. Ultimately, William
will require some substantial therapy to sort out this looming conflict. After
all, Diana was his mother.
Drudgereport: British
woman decapitated in grocery store; killer flees with head... Cannes:
Diana doc slams UK royals as 'gangsters'... ]
Watch
the Market, Not CNBC at Forbes
Should You Sell into this Rally? [ Yes! ]
Simon Maierhofer July 1, 2011
‘Buy low, sell high. The major U.S. indexes a la Dow Jones (DJI: ^DJI),
S&P (SNP: ^GSPC) and Nasdaq (Nasdaq: ^IXIC) are higher today than many
expected a few weeks ago. Does that mean it's time to sell?
A smart person learns from his own mistakes, a wise
person learns from the mistakes of others. Let's see where others have gone
wrong in the past and what it means for us right now.
Don't Be a Herd Seller
The worst time to sell is usually when everyone else is
selling (there's one caveat we'll discuss in a moment). This was the case last
summer when the term double dip popped up everywhere.
Investors who succumbed to selling double dipped
themselves right out of the market at the worst time.
A similar pattern occurred just a few weeks ago. Within six
weeks of the May 2 highs, investors turned nearly as bearish as they were
during the 2010 summer sell off. But there was one major difference. From April
- June 2010 the S&P fell over 200 points and stood as low as 1,010.
http://www.etfguide.com//contributor/UserFiles/8/Image/vital%20signs%20july%20yahoo.gif
The recent slump only erased only as much as 110 points
and saw the S&P no lower than 1,255. Yet, sentiment became nearly as
bearish as it was in June 2010. From a contrarian point of view that was
bullish (see chart above).
So Bad, It's Good
In fact, things had become 'so bad, it's good.' The chart
of the Citigroup Economic Surprise Index shown below, along with the sentiment
measures shown above (both originally featured in the June 18 ETF Profit
Strategy Newsletter), suggested that the stock market (NYSEArca: VTI - News ) was at the very
least due for a relief rally.
http://www.etfguide.com//contributor/UserFiles/8/Image/Citigroup%20ESI%20-%20SP.gif
One day before the actual low on June 15, the ETF Profit
Strategy Newsletter wrote: 'The S&P is probing for a bottom. Technicals and
sentiment data suggests that a bottom has either been found or is close. A drop
into the 1,259 - 1,245 range, would prompt us to close out short positions and
leg into long positions.' The very next day the S&P slid as low as 1,258
and has recovered nicely since.
A Tough Call
Over the recent past, we've become conditioned to expect
that every sell off will eventually lead to new highs. This was the case in
January and April 2010 and in March 2011.
But the market is unpredictable and there is no such
thing as a sure thing. In May 2008 for example, a spirited rally propelled the
S&P (NYSEArca: VOO - News ) all the way to 1,440 (it was at 1,255 in
March 2008).
But that was the end of the rope. Within less than a year
the S&P lost more than 50%. High-flying sectors like technology (NYSEArca: XLK - News ) and financials
(NYSEArca: XLF - News ) did much worse.
The May 2008 rally retraced 57% of the December 2007 -
March 2008 decline. The current bounce has retraced 63% from the May 2 - June
16 decline. Discerning eyes will see that this is more than the Fibonacci 61.8%
retracement common for counter trend rallies.
This could well mean that new highs are on the horizon.
However, the VIX (Chicago Options: ^VIX) is currently back down to 15.38. Its
May 2008 low was 15.82.
There is also a target for a potential head and shoulders
top and the 78.6% Fibonacci retracement between 1,333 - 1,347. Any weakness in
this area would be a red flag while a push beyond the 78.6% retracement would
be very bullish.
Should You Sell Now?
The S&P is not there (1,340) yet, but when it gets
there it would be worth taking a stab at shorting the market with a tight
stop-loss. Why?
It could be a high reward trade. Negative sentiment can
at times become a self-fulfilling prophecy. When that's the case, the market
moves quickly and doesn't give investors a chance to lock in long profits and
establish cheap short positions (remember 2008?).
Entering a short position against such resistance is a
low-risk, high reward set up as long as it's done with surgical precision and
tight-stop losses (and the flexibility to go long if resistance is broken).
We know it works because we've successfully shorted
against important Fibonacci resistance of 1,369 (sell recommendation in May 1,
ETF Profit Strategy Update), while covering shorts and going long at support of
1,259 (buy recommendation in June 15, ETF Profit Strategy Update).
Is this approach fail proof? No. But here's why selling
into resistance does work. Imagine a car driving on a long road with a few
traffic lights. If the car is going to stop, accelerate, or make a U-turn
anywhere on the road, it will most likely be at a traffic light. If the S&P
is going to reverse, it will likely be at support/resistance …’
Going
Short the Dow at Minyanville
/ Dangerfield [ Because of the inherently dangerous nature of short-selling
(potential loss of more than your investment, wiped out; though straddles,
option strategies can militate against said risk) I consider same more a
speculation than investment strategy. Yet, in this contrived, manipulated (for
month, quarter, half window dressing), overpriced market, I’m constrained to
say that if you were so inclined to try your hand at it, now would be a perfect
time. ] The Dow, or the way I play it
the Diamonds (NYSE:DIA) ran right into that top Bollinger Band on
Thursday. Plus the weekly DIA shows a bounce from the bottom Bollinger
Band to the Middle Bollinger Band, where many rallies stall during a
downtrend. (I can’t really show this chart, but you can check it out on
Stockcharts.com) Friday is the end of the quarter. Can we go
higher? Of course. But my money’s going on a two to three hundred
point drop in the Dow. I think the shorts have covered and it’s about
time for the downtrend to reassert itself. I’m shorting the DIA in the
morning. Yes, I know I may have to pay some yield. http://blogs.minyanville.com/idril-dangerfield/files/2011/06/DIA-6-29-11-300x162.png
All
Dressed Up [ and nowhere to go …
but down! ] at The Wall Street
Journal Mark Gongloff ‘The week-long stock rally got turbocharged today, pushing the
Dow easily into the black for the quarter and nearly bringing the S&P with
it. How long it lasts is a different story.The Dow jumped 153 points today and is up 480 points, or
4%, in the past 4 days. This is the biggest four-day percentage gain since last
September. The Dow ended the quarter 0.5% higher and is now 7% higher on the
year.
The S&P and Nasdaq each gained 1% on the day and are
up 4% and 4.5%, respectively, for the 4-day run. Both ended the quarter
slightly in the red.
If there was any downside to this up-fest, it was the
financials, which gained just 0.4% on the day. But they’re the only sector in
the S&P 500 still down for the year. Everything else is up, as are the
Russell 2000 and the Dow Transports, which dipped into the red for a while
there.
Bonds, meanwhile, have gotten crushed during this
stretch, pushing the yield on the 10-year note up 35 basis points, from 2.8% to
3.15%. The dollar’s down, too, with the euro surging to $1.45.
So what does it all mean? Dave earlier pointed to signs
the market may be expecting an economic rebound . So far we have only one Chicago PMI
report to support hopes of a big bounce in growth, but OK.
There’s also Greece, whose day of reckoning has been
postponed for a little while longer.
And finally there’s quarter-end window dressing, which
still seems to make a lot of sense as a theory, given the utter lack of volume
during the stock-buying frenzy (though the bond-selling frenzy has seen quite a
lot of volume).
To me, it feels more like a combination of all three —
we’re pricing out economic collapse and an imminent Greek default, while also
prettying up the numbers at the end of the quarter.
Fair enough. From here the sledding gets harder. The
economic data aren’t going to be pretty for a little while, and earnings
expectations are too high. And QE2, which boosted stocks by 25%, has sailed for the last time.’
Minyanville's
T3 Daily Recap: Was This Week's Rally Anything More Than 2nd Quarter
Window-Dressing? [ No! ] at Minyanville
Moody's warns may downgrade U.S. muni debt ratings
Why The Dow Will Plunge To 7,000 By 24/7 Wall St. June 28, 2011 ‘ One theory of economics says that any market can return
to a point where it has been in the past. The Great Recession was, by some
measures as bad as the Great Depression. Unemployment was 3.6% in November
1966. It was at 4% in December 1999. There is no precedent for zero
unemployment, but those two periods came close.
Recent movements in the stock market could
repeat themselves as the economy lurches toward another recession. The DJIA
fell to just below 6,630 on March 2, 2009. Back in October 2007, 17 months
earlier, it briefly traded above 14,000. What happened? The most frequent
answer is the recession that lasted from December 2007 until June 2009, a
period determined by the National Bureau of Economic Research, caused the
collapse. The recession lasted 18 months, which made it the longest of any
downturn since World War II.
The DJIA could drop below 7,000 again
before the middle of next year, down from 12,000 where it trades now. The
market fell over 50% last 2008 and 2009. A correction to 7,000 this time would
be 42%.
The major drivers of a sharp drop in the
DJIA would be:
1. RECOVERY IS UNEVEN
Some regions of America are almost
economically dead. The first reason the market is likely to plunge is that the
current recovery is a 35-state recovery and not a 50-state one. The US economy
is not running on all its cylinders now. It runs on about two-thirds of them
during a good quarter. There has not been and will not be much of a recovery
in Nevada, Michigan, Florida, California, Rhode Island, Ohio, Illinois,
Louisiana, South Carolina, and sections of Kentucky, Tennessee, Arizona, Idaho
and Mississippi. Some areas of these states lack important growth industries -
particularly technology, farming, oil drilling, or the large employment bases
that accompany federal and state government employee concentrations. Many areas
that counted on construction to bolster their economy can no longer do so.
Unemployment will stay at or above 10% in parts of these states and large
cities like Las Vegas, Detroit, Stockton, and Providence. Most have
negative GDP growth. The US economy cannot grow at a rate of 3% or better, which
some economists are forecasting for the second half of the year, if large
regions of the country are shrinking economically.
2. UNDERWATER MORTGAGES
More than a quarter of US mortgages are
underwater. Economists use several ways to measure the housing market disaster
such as foreclosures, delinquencies, home price drops, housing start and new
and existing home sales. None of these captures the heart of the market the way
underwater mortgages statistics do. A home with an upside down loan can rarely
be sold without the seller taking a huge financial hit. These homes are likely
to become a financial burden to the homeowners who cannot afford their
mortgages and see no hope that their houses will ever regain their value.
Housing expert Robert Shiller says home prices could drop another 10% this
year. The ripple effect from a rise in underwater mortgages will affect
everything from bank earnings to consumer credit to consumer spending. The real
estate problem is a drag on the economy and it is one that will get worse.
3. STOCKS ARE EXPENSIVE
Many market analysts believe that this is
nearly a perfect time to buy stocks. Yields on bonds are low. Gold price are
unstable. The S&P 500 EPS will be $100 this year based on many forecasts.
Is a twelve multiple on that inexpensive? Perhaps. But if so, that indicates
that the Dow should be trading about where it is now. S&P 500 earnings,
however, will start to decline soon and in some industries they will disappear
entirely. The process has already begun among consumer products companies,
retailers, grocery chains, and transportation companies like airlines. Even
tech firms like Oracle have signaled that growth has slowed. Jim Cramer
mentioned a long list of “cheap” shares on “Mad Money” in October 2007. Stock
looked “inexpensive” in late 2007. That only lasted until corporate earnings
collapsed.
4. INFLATION IS A PROBLEM
No matter what the Federal Reserve says,
inflation is in full bloom. The Bank for International Settlements just warned
policymakers and world leaders that central banks need to raise interest rates.
Otherwise, the BIS stated, the price of commodities will continue to march
higher. Chinese inflation hit a 34-month high in May despite rapid tightening
by banks there. The core of this rise was food prices, which were up 11.7% for
the month. The US cannot claim, at least for long, that it is one world and
Asia, Africa, the Indian subcontinent, and parts of South America are another.
The prices of critical commodities such as wheat, corn, oil, and cotton are
well above where they were two years ago, and with some occasional dips, are
still rising. Americans cannot afford higher and higher food and clothing
prices when their median incomes are not moving up. Inflation is a poison to
consumer spending and to the profit margins of companies that have commodities
or transportation-based businesses.
5. COMPANIES HORDING
Companies are still holding their cash. A
McKinsey and Co. report published in May stated that European and US companies
have excess cash of more than $2 trillion. Firms like Apple and Google have
accumulated multi-billion dollar cash hordes and have elected to hold that
money even at extremely low yields. Other firms like McDonald’s have elected to
distribute cash through share buybacks and high dividends. Most major banks
have raised or reinstated dividends. Cisco has begun to pay a dividend.
Companies as diverse as CVS/Caremark Corp., Family Dollar Stores Inc., and
Schlumberger Ltd. have raised their payouts. Dividends help people who own a lot
of shares in the companies in question. They do nearly nothing for people who
hold small portfolios or who are broke and unemployed. Cash not used to create
jobs either directly through hiring or indirectly through capital expenditure
does not help the economy.
6. EVERYONE'S SHEDDING THEIR WORKFORCE
Companies are no longer adding jobs and
governments are laying off employees. The May unemployment numbers told a story
of a stagnant job market. Recent jobless claim levels have confirmed it. The
private sector has become worried about GDP which has only grown by 2%
recently. That is not enough for many firms to decide to add significant
numbers of workers. And, unemployment rates are now being moved higher by
government layoffs, a result of the “new austerity." The new federal
government budget is likely to make matters worse. The Brookings Institution
recently said in its Government Employment and Economic Recovery that the
single biggest threat to the economic recovery of many cities is layoffs of
government workers.
7. CHINA'S SLOWING ECONOMY
China’s economy will slow considerably. The
economic dynamics of China combine high food costs with faltering purchasing
and manufacturing. China’s factory output is no longer growing and it is
entering what it would view as a recession by the standards of the People’s
Republic-a growth rate well below its typical 10% of better. Goldman Sachs
recently chopped its forecast for China GDP. High oil prices contribute
according to the investment bank. Faltering demand for China’s exports is
another. American exports to China rose 32% in 2010 to a record $91.9 billion,
and have surged 468% over the past decade, according to the U.S.- China
Business Council. Americans usually complain about the heavy flow of China
exports to the US. But, many American industrial and service firms need China
sales to bolster their bottom lines.
8. GREECE IS TANKING
Greece will go under and take many other
small EU nations with it. Austerity measures by Greece will not save it from
default according to most credit experts. Even if budget and wage cuts buy
the nation some time, the lack of stimulus will ruin a job market which already
has a 40% unemployment rate among its youth. Ireland and Portugal have similar
problems. A series of defaults among the nations may damage the bank and credit
system more than the collapse of Lehman. It will certainly decimate earnings
and balance sheets of many European banks. The EU portion of the global bank
system could go into a state of shock that would cripple the global credit
process. Another by-product of ruined banks is that access to the capital
needed to drive economic growth will disappear. A sharp slowdown of EU consumer
spending will cripple the US export economy, particularly if combined with a slowdown
in China.
Douglas A. McIntyre ‘
Fed’s
‘QE2’ leaves mixed legacy The Fed’s much-debated effort to
boost the economy by buying $600 billion in bonds ends Thursday. (Washington
Post) [ Mixed? How ‘bout an undisputable legacy of failure, by the fed’s own
words and stated mission and purpose. And, count on more fake data; ie., today’s
near meaningless in terms of reality ‘fake’ jobs report which they hope will
keep the foos (fools) ball rolling on fraudulent wall street; viz., ‘The
standard unemployment rate most often used by the Fed is currently at 9.1%, up
90% since Bernanke started. The more inclusive (realistic) U6 number
stands at 15.8%, up 75% in the same period. The Civilian Participation
Rate has declined 2.87% to 64.2%.This is the lowest level the U.S. has seen
since March, 1984. The decline amounts to 8,946,844 fewer Americans in
the labor force. Had they not dropped out because of a lack of jobs, the
“official” unemployment rate would be significantly higher. While we can
debate the meaning of the term maximum employment, it is clear that the jobs
data has deteriorated considerably since Bernanke took the reins at the
Fed. ‘.
Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How
‘bout both! I mean, come on! This catering to fraudulent wall street was a
loser ab initio! That so-called ‘wealth effect’ market froth was used
previously by senile ‘maestro’ greenspan and failed miserably except for the
frauds on wall street who commissioned up and down; and, make no mistake, those
computer-programmed high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ] In his June 7
speech, Fed Chairman Ben Bernanke stated, “the best way for the Federal Reserve
to support the fundamental value of the dollar in the medium term is to pursue
our dual mandate of maximum employment and price stability, and we will
certainly do that.”
.. Bernanke’s results .. since Ben took the reins:
Feb ’06 – April ’11
Items in a Typical Budget
% Change
Food and Beverages
16.54%
Water and sewer and trash collection
services
31.88%
Rent of primary residence
13.82%
Housing
8.68%
Fuels and Utilities
11.93%
Apparel
4.83%
Medical Care
20.11%
Gasoline (all types)
65.12%
Transportation
23.36%
Tuition, other school fees, and
childcare
29.28%
Recreation
2.87%
.. The standard unemployment rate most often
used by the Fed is currently at 9.1%, up 90% since Bernanke started. The
more inclusive (realistic) U6 number stands at 15.8%, up 75% in the same
period. The Civilian Participation Rate has declined 2.87% to 64.2%.
This is the lowest level the U.S. has seen since March,
1984. The decline amounts to 8,946,844 fewer Americans in the labor
force. Had they not dropped out because of a lack of jobs, the “official”
unemployment rate would be significantly higher. While we can debate the
meaning of the term maximum employment, it is clear that the jobs data has
deteriorated considerably since Bernanke took the reins at the Fed. ..
In conclusion, it is evident that Ben Bernanke is failing
his mandates. We believe it must come down to one of the following
reasons:
1. Bernanke does not
know how to achieve his mandates;
2. The policy tools
employed don’t work;
3. He does not have
the ability to implement policies that would work;
4. He is not trying
to achieve his mandates;
5. He has goals other
than his legal mandates;
6. He does not look
at the data, and believes he is succeeding.
Matt Marcewicz & Robert Barone, Ph.D.
.. ‘
Inflation Expectations Are Heating Up
Geithner
weighs exit after debt deal is finalized Treasury secretary, who’s wanted
to leave for some time, won’t go without Obama’s support. Departure would come
as economy remains troubled. (Washington Post) [ Tiny Tim leaving? God bless us
everyone! Troubled economy? That’s an understatement! Troubled in part owing in
part to Tiny Tim’s incompetence and proclivity toward fraudulent wall street
(hey tiny tim, tell us what happened to that $4 trillion at the new york fed
when you headed same). Though, to be fair, tiny tim’s had plenty of company in
the incompetence department; viz., wobama the b (for b***s***), and, inter
alia, ‘no-recession-helicopter-ben-bs-bernanke’ … Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ] In his June 7
speech, Fed Chairman Ben Bernanke stated, “the best way for the Federal Reserve
to support the fundamental value of the dollar in the medium term is to pursue
our dual mandate of maximum employment and price stability, and we will
certainly do that.”…Let’s look at the results of Bernanke’s economic “fine
tuning” (using data from the St. Louis Fed’s database, starting in February,
2006, through April 2011), and see if he has successfully pursued this mandate…
Stable Prices?
Stable prices are one of the Fed’s primary
mandates. In the table below, take a look at what has happened to the
prices of items in a typical U.S. consumer’s budget since Ben took the reins:
Feb ’06 – April ’11
Items in a Typical Budget
% Change
Food and Beverages
16.54%
Water and sewer and trash collection
services
31.88%
Rent of primary residence
13.82%
Housing
8.68%
Fuels and Utilities
11.93%
Apparel
4.83%
Medical Care
20.11%
Gasoline (all types)
65.12%
Transportation
23.36%
Tuition, other school fees, and
childcare
29.28%
Recreation
2.87%
… it is clear that Bernanke has not been successful
at maintaining price stability since taking over as Fed Chairman. Mandate
not accomplished.
Maximum or Full Employment
Finding a strict definition of maximum employment is
impossible. Many economist give different estimates, ranging from
2%-7%. The standard unemployment rate most often used by the Fed is
currently at 9.1%, up 90% since Bernanke started. The more inclusive
(realistic) U6 number stands at 15.8%, up 75% in the same period. The
Civilian Participation Rate has declined 2.87% to 64.2%.
This is the lowest level the U.S. has seen since March,
1984. The decline amounts to 8,946,844 fewer Americans in the labor
force. Had they not dropped out because of a lack of jobs, the “official”
unemployment rate would be significantly higher. While we can debate the
meaning of the term maximum employment, it is clear that the jobs data has
deteriorated considerably since Bernanke took the reins at the Fed.
Mandate not accomplished…
In conclusion, it is evident that Ben Bernanke is failing
his mandates. We believe it must come down to one of the following
reasons:
1. Bernanke does not
know how to achieve his mandates;
2. The policy tools
employed don’t work;
3. He does not have
the ability to implement policies that would work;
4. He is not trying
to achieve his mandates;
5. He has goals other
than his legal mandates;
6. He does not look
at the data, and believes he is succeeding … ’
Parties
at odds on deficit reduction Lawmakers in both parties plot
strategies that could make the deal difficult to find common ground. (Washington
Post) [ Yes … Odds on … favorite … a lose / lose solution. The realistic
scenario brings to mind that old adage that, ‘you can’t make a silk purse out
of a sow’s ear’ … and, yeah, the reality is all that bad. A
debt ceiling leadership failure On Leadership | Congress’s failure to
fix the budget deficit is due to fundamental differences of opinion on the role
of government. U.S.
consumer confidence unexpectedly (but realistically – and not because of the
budget stalemate) falls (Washington
Post) [Davis ‘This is how we pay off our current debts and I
think bondholders are simply happy to get anything out of a country that admits
it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire
global GDP) in the form of unfunded liabilities. The funniest thing about this
(and you have to laugh) is to see Conservative pundits get on TV and talk about
how we need to cut $100Bn worth of discretionary spending to "fix"
this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for
the top 1% each year). There is no fixing this and even a Republican said you
can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS
– PLEASE BE CAREFUL OUT THERE! ‘ President
enters the debt talks Obama hosts sitdowns as leaders remain divided over
spending reductions and tax increases. (Washington Post) [ Oooooh! The big gun
has arrived, with the biggest gun, Mr. Teleprompter just a hot line away. Come
on! Let’s get real! What does wobama the b (for b***s***) know that any of
these other fellow nincompoops don’t; particularly about economics / finance,
even compared to ‘Lobotomy Joe’. Market Crash 6/30/11?Technical indicators suggest market collapse may
begin by June 30th Dennis Slothower is one of the world’s leading technical
analysts. He’s one of the few advisors whose readers completely avoided ALL
losses during the disaster that was 2008. And now he’s issuing another dire
warning. His technical indicators suggest that the market manipulation we’ve
seen over the last several months is about to come to an end…and that means
thousands of investors are about to get clobbered. This correction could begin
as soon as June 30th – so it’s important that you take action now to prepare yourself.
StealthStocksOnline.com [ Oooooh! Bring
in the big guns; viz., ‘wobama the b’ (for b***s***) … sounds like a plan!
After all, ultimately it’s Mr. Teleprompter who’ll have the final say; and, it
seems like wobama’s got a lock on that ‘relationship with Mr. T; you know,
‘pecking order’ kinds of stuff … Then begs the question: Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
Though having but 5% of the world’s population, the u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and
personal testimony, an ex-Justice official who quit over the handling of a
voter intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t
think so! I do believe that both nations are regressively but nostalgically
trying bring the world back to failed geopolitical paradigms that made the 20th
century the bloodiest century, not coincidentally the american century
(obviously for israel the latter half century). Yet, such a conditioned
psychopathic approach to global matters has led them self-destructively,
self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs,
extinction, at least in a manner of speaking. Global information exchange at
lightning speed has made such throwbacks to a lost era, propaganda, and
maladaptive traits foolish at best, deadly at worst. Intelligent people
worldwide aren’t buying the obsolete, Orwellian approach fostered by the
purveyors of global unrest; viz., israel, america, Orwellian england, etc.;
more specifically, diversion of the masses from the glaring failures of
leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
A Mid-Year Review and Full 2012 Outlook Simon Maierhofer, June 28, 2011,
Time flies. The 2011 calendar year is already half over,
and based on the main stream 2011 outlook, the market's performance surprised
many. I forgot just how bullish Wall Street and the media was when coming into
2011. Look at the headlines below and you'll see what I mean.
'Get over your fear and get back into stocks' - USA
Today, 12-17-2010
'Bullish on tech and 2011' - Barrons, 12-20-2010
'Don't see a double dip for housing' - Morningstar,
12-29-2010
'Economic rebound forecast for 2011' - Seattle Times,
12-12-2010
'Investor's forecast: Sunny with a chance of overheating'
- WSJ, 1-3-2011
'Why U.S. stocks may finally be a good buy' - Mootley
Fool, 1-3-2011
'Real estate: Finally a good investment' - SmartMoney,
1-19-2011
'Why the S&P is still a bargain' - USNews, 2-4-2011
'11 signs the economy is on the right path' -
MarketWatch, 2-10-2011
Judging the media with 20/20 hindsight is always a blast,
but I must admit that I was too chicken to provide a full 2011 forecast via the
ETF Profit Strategy Newsletter.
Vaguely Accurate
Here's what I told Investor's Business Daily when they
asked me for my 2011 forecast (published in IBD's December, 22, 2010 paper):
'The Fed is creating a bubble to contain the damage left
behind by the bust of the previous bubble(s). QE2, as desired by the Fed, has
led to indiscriminate buying of stocks and commodities.
On a historic basis, stocks are overvalued and set to
deliver long-term pain, not gain. Based on various sentiment gauges
(Institutional Investor survey of newsletter writers and American Association
for Individual Investors' survey of retail investors, the VIX, Chicago Board
Options Exchange Market Volatility Index, and CBOE put/call ratio), investors
are as optimistic about rising prices today as they were in late 2007.
Compared to 2007, unemployment has doubled, GDP has
tumbled, Americans' desire to spend has morphed into a new frugality and Europe
has caught a contagious financial virus. Based on sentiment, the cork may pop
at any time, although I wouldn't be surprised if the Fed's POMO (permanent
open-market operations) activity can keep prices afloat through much of 2011.
The upside is risky and active traders may follow the trend until it's broken.'
I admit that the outlook was somewhat on the vague side
but it steered investors in the right direction - follow the trend but watch
out for a correction and a possibly significant market top. The chart below
provides a glance at the S&P's performance since January 1, 2011 along with
various support/resistance points outlined by the ETF Profit Strategy Newsletter.
http://www.etfguide.com//contributor/UserFiles/8/Image/spx%206%2027%2011.gif
One Month at a Time
With the major index stretched to the breaking point but
momentum still strong, my strategy was to tackle the market one month at a
time. Initially it made no sense to buck the trend, but by mid-February, the
market seemed to have reached a breaking point. On February 18, I warned via
the ETF Profit Strategy Newsletter that: 'A fast and steep sell off from
current prices is possible.' However, 'If stocks don't fall below 1,255 and
1,229 we expect new recovery highs later in 2011.'
February 18 was a Friday. The following Monday was a
red-across-the-board kind of a day. The Nasdaq (Nasdaq: ^IXIC) opened Monday 38
points lower than it closed Friday and dropped an additional 39 points during
the day.
Formerly high-flying sectors like consumer discretionary
(NYSEArca: XLY - News ), industrials
(NYSEArca: XLI - News ), materials
(NYSEArca: XLB - News ), retail
(NYSEArca: XRT - News ) and
technology (NYSEArca: XLK - News ) followed
suit. The S&P (SNP: ^GSPC) dropped 23 points and the Dow (DJI: ^DJI) 177
points.
About two weeks later, the Japan Earthquake news rocked
the world and saw another wave of selling. But, the S&P never closed below
the 1,255 support and triggered a low-risk buy signal the week of March 14
(March 20, ETF Profit Strategy Update).
The up side target was outlined in the April 3 update of
the newsletter: 'There is a fairly strong Fibonacci projection resistance at
1,369. In terms of resistance levels, the 1,369 - 1,xxx (reserved for
subscribers) range is a strong candidate for a reversal of potentially historic
proportions.'
Bearish Case, Not Closed Yet
The S&P climbed as high as 1,370 and has since
dropped as much as 110 points. But once again, support surrounding the 1,255
level has not been breached.
In essence, the S&P is currently stuck in a technical
vacuum. The trading range is 1,250 - 1,300. There are plenty of folks who still
believe the 'bull market' is not yet over while the investing crowd has turned
notably bearish (generally a bullish signal). From a technical point of view,
new highs are still possible.
The Presidential Election Cycle, which sports gang buster
pre-elections year performance, supports the idea of new highs later on in
2011. Naturally, the incumbent President will do whatever he can to court
Americans for their vote.
Financial Trickery
Shenanigans designed to 'bribe' investors include
maneuvers like releasing a portion of the U.S. Strategic Petroleum Reserve.
According to the New York Times, tapping into the oil reserve for frivolous
reasons is a bad idea because the oil (NYSEArca: USO - News ) will
eventually have to be replaced, usually at higher prices. But right now, the
priority is to make voters happy. Low gas prices will do just that.
Other financial tricks include changing how the Consumer
Price Index (CPI) is calculated. Lawmakers are proposing to change the CPI
methodology to include changed spending patterns caused by price increase. For
example, consumers tend to drive less when gas prices increase.
This would artificially lower the CPI and lower federal
spending by around $220 billion over the next decade. Passing such a proposal
would surely be touted as a victory in the battle against the debt ceiling
while social security recipients see their monthly checks shrink (social
security payments are linked to the CPI).
Another trick is 'QE2-light'. Yes, even though QE2 is
officially over, the Federal Reserve will continue to reinvest maturing
securities and buy Treasuries (NYSEArca: TLT - News ) from banks
(NYSEArca: KBE - News ) at the rate
of about $25 billion a month over the next year.
2011 Outlook
Quite frankly, formulating a high confidence 2011 outlook
right now is tricky (isn't it always). But here is what we do know:
A major market top is forming. The S&P reached the
bottom end of our target range (1,369) and was clearly rejected. We also know
that crucial support at 1,255 has held. Even though the market behaved like a
significant top had been reached, it failed to confirm it thus far.
The key question is whether the upper end of our target range
will be tested or not. At this point it is too early to see, but that doesn't
mean we are 'flying blind.'
The S&P (and any other major index) won't rally to
new highs unless they break key resistance. Our strategy as of late has been to
sell against resistance and buy against support. This has worked like a charm.
Once resistance is broken, we'll buy against resistance and sell against
support. This will keep investors on the right side of the trade regardless of
what the market has in store for us…’
Why your local Hospital could soon shut down
(StansberryNewsletter) http://www.stansberryresearch.com/pro/1011PSIEND49/LPSILC42/PR
Top 3 Reasons Markets Were Up For the Fifth Consecutive Day [ I don’t believe any of the data
/ reports which experience / reality says, owing to desperation including
pre-election year, is invariably fudged, faked, fraudulent. ] July 1, 2011 ‘With five
straight days of gains, the markets close their best week in two years as we
head into the 3-day weekend.
Markets closed up on Wall Street today: Dow +1.36% ,
S&P +1.44% , Nasdaq +1.53% , Oil -0.76%, Gold -1.10% .
On the commodities front, Oil (NYSE:USO) made a
reversal, down 0.76%, settling at $94.72 a barrel. Precious metals continued to
decline for their second day, with Gold (NYSE:GLD) dropping to $1,486, while Silver
(NYSE:SLV) dropped 2.78% to $33.87.
Today’s markets were up for the fifth day in a row
because:
1) Greece to receive new bailout package. Markets have
been up all week, first in anticipation that Greece would approve austerity
measures, then because they had been approved and the country would likely
receive the final 12 billion euros in their aid package, and now because they
might be receiving another 85 billion euros in a second aid package , funded by
European nations, private investors, and the IMF. And the good news keeps
coming…
2) ISM manufacturing index. The index showed that the
manufacturing industry grew significantly in June after economists had expected
it to decline. This marked the 23rd month in a row that the index showed
growth, up 1.8 points from May to 55.3 in June.
3) Consumer discretionary spending on the rise. The
consumer discretionary sector is only 10 points below its bull market high from
May 12, up 8.3% since June 16. Today consumer discretionary stocks led the
markets, though it may not be a sign of consumer strength but “ credit-fueled
shopping binges “…’
June
U.S. ETFs Trading Volume Ranking [Where the money’s going … into their
pockets and out of yours … in real economic terms, the now computerized
commissioned churn and earn is a substantial net negative and part of the
reason, along with the substantial frauds, economic decline will continue in a
very big way! ] at Bloomberg (Fri, Jul 1) The average daily volume for the past 20 trading days of
U.S. listed exchange-traded funds (ETFs) decreased 0.1 percent to 1280.2
million shares, from 1281.2 million shares a month earlier. The following table
ranks 1285 U.S. listed ETFs by their 20-day average trading volume…
June
U.S. ETFs Performance Ranking by Styles at Bloomberg (Fri, Jul 1)
June
U.S. ETFs Trading Volume by Styles at Bloomberg (Fri, Jul 1)
15
Worst Housing Markets for Next 5 Years - Business Insider Provided by The
Business Insider's Gus Lubin and Linette Lopez ‘If you bought a home in Miami in 2005,
we're sorry: over the following six years it depreciated in value by more than
54.3%.
And the rebound -- if there is a rebound -- won't come
soon…’
Summer
Rally Arrives On Schedule With A Big But at Forbes Sy Harding
‘It’s remarkable how consistently the market moves in seasonal patterns.
For example, it tends to make most of its gains in the
winter months and experience most of its corrections in the summer months, as
expressed in the old adage ‘Sell in May and Go Away’.
And just as it did last year, this year the market made
good gains in the winter months, then topped out in late April, and was in a
correction in May and most of June.
The shorter-term seasonal pattern is that the market is
usually positive in the days surrounding the end of months, in what I have
always called the ‘monthly strength period’, and particularly in the days
approaching and surrounding the July 4 holiday. July also tends to be the most
positive month in the market’s unfavorable summer season. Thus the tradition of
a summer rally.
After being down eight of the previous nine weeks the
market was short-term oversold going into this week. My technical indicators
triggered a short-term buy signal and I’ve been predicting a brief short-term
rally off the oversold condition, but also that the tendency for the market to
be positive in the days surrounding the July 4 th holiday, was
likely to keep an oversold rally going into a sustained rally for awhile.
It’s uncanny how events usually work out with a timeliness
that supports the seasonal patterns. The seemingly endless stream of dismal
economic reports continued this week, but a couple of bright spots also showed
up.
There was relief that the Greek Parliament passed the
painful austerity measures required for Greece to receive additional bailout
funds to prevent it from defaulting on its debt (or at least postpone its
potential default). The rally got an additional boost from that.
And although economic reports included that construction
spending fell again in May, that Consumer Confidence fell again in June (to a
7-month low), that weekly unemployment claims remained high at 428,000 last
week, there was also the report that manufacturing activity, which has been
declining for several months, unexpectedly picked up some in June, with the ISM
Mfg Index rising to 55.3 from 53.5 in May. That gave the market another big
boost on Friday.
The ‘monthly strength period’ is due to continue through
Thursday of next week.
But it’s not just seasonality that says the rally is
probably only a short-term summer rally, with the correction likely to resume
to lower lows when the rally ends.
Technically, volume in the rally is very light, less than
0.8 billion shares traded daily on the NYSE, compared to as many as 1.6 billion
on the down-days during the correction. That indicates that large institutional
investors selling during the correction, are not believers in the
sustainability of the rally and are not participating.
Also technically, the unusual spike-up of the last five days
has the major indexes already short-term overbought above their 21-day moving
averages, the opposite of their short-term oversold condition two
weeks ago.
On the economic fundamentals, another bailout of Greece,
and a one-month bump in the ISM Mfg Index are hardly an indication that the
economic slowdown has ended, given the continuing dismal reports on consumer
spending, consumer and business confidence, the depressed housing industry, and
the jobs picture.
So enjoy the rally. It arrived on schedule.
But be careful about determining too quickly that it
marks an important bottom or the end of the global economic problems.’
Precious
Metals: Long-Term Trend Positive, but Correction Not Over at
Minyanville
See
It, Market: Gold and Silver Under Pressure at
Minyanville
Third
Quarter Outlook: Life After QE ETF Trends ‘…markets have been propped up by artificial
support from the Fed …’
Will Your Pension Be
Worthless? Mac Slavo | We know the
Federal and State governments are in serious fiscal trouble.
US Fed’s QE2
stimulus ends with a fizzle AFP | Federal
Reserve wound up its $600-billion “QE2″ program to boost the ailing
economy.
Record
44.7 Million People Celebrate Geithner’s Departure And The End Of QE2 Through
Foodstamps Zero Hedge | April
participation in Supplemental Nutrition Assistance Program (SNAP), better known
as “foodstamps”, shows yet another record, this time 44.647 million people.
Debt
Increased More Under Geithner Than Under Any Treasury Secretary in U.S. History CNS News | Timothy
Geithner oversaw the largest increase in the national debt of any Treasury
secretary in American history.
MORE
CONFIRMATION: The World Economy Is Rolling Over Business
Insider | The latest batch of PMI data is confirming that the
world economy is still rolling over.
While
Criminal US Bankers Receive Golden Parachutes, Barbarian Afghanistan Has Just
Arrested Executives Of Failed Kabul Bank Tyler Durden | Sometimes it
is good to put things in perspective when comparing developed democracies like
America and barbaric despotic dictatorships like Afghanistan.
Foreclosure
backlogs swell nationwide States are wrestling with backlogs, exacerbated by
homeowners who continue to fall behind on payments. Foreclosure
properties become eyesores Foreclosures
pit suburbia against Wall Street (Washington Post) [ It aint just the foreclosures that pits
people against wall street and it aint just suburbia. No, there is no
modern day alchemy that spins worthless paper into gold except fraudulently for
the frauds on wall street who’ve literally oftimes done exactly that; ‘cashing
out’ for hard currency and gold, precious metals, at everyone else’s expense
including main street. The catering to fraudulent wall street was a loser ab
initio! That so-called ‘wealth effect’ market froth was used previously by
senile ‘maestro’ greenspan and now ‘no-recession-helicopter-ben-bs-bernanke’
has failed miserably except for the frauds on wall street who commissioned up
and down; and, make no mistake, those computer-programmed high-frequency
trading volumes have now been maximized for nation-economy-draining profits for
the frauds like never before and have never been higher. The QE and
dollar-debasement policies were always predictably inflationary, ultimately
hyperinflationary, particularly for stocks; that ‘feel good’ obfuscation that
was but in reality good only for the frauds on wall street. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! Jobless claims at 428,000 much
worse than expected; and, don’t forget, these are desperate ‘pre-election
times’ when regardless of reality, factual and otherwise (ie., fake reports,
data, as, ie., ‘wobama hometown’ corrupt chicago ISM is up as even their youth
gangs are showing increased criminal activity which probably accounts for the
rise; ie., meth, crack labs, etc.?). Foreclosure, distressed sales up,
at least on paper with contracts signed, so no surprise nor reason to cheer
here, as markets worldwide jump on the american crazy train for a short-lived
bounce as all problems remain. This is
the same month end (and quarter, half) spurt / window dressing based on
b***s*** alone to keep the suckers suckered and an especially great time to
sell / take profits since there’s much worse to come! Talk about milking the
greek crisis for the umpteenth time a so-called solution (and there are loads
of greecy scenarios worldwide … I don’t
think so and neither does Schaeffer who says: ‘…even once
such a package is passed it only buys time. Actually fixing the fiscal
condition of Greece is not something that can be solved in a matter of weeks,
or even months… ‘ but it’s great press for the
churn and earn and to keep the suckers suckered. Technology
rally? Defacto bankrupt american technology is horrendous but great sizzle for
the new fraud as in the dotcom bust days. Then there’s the greasy b.s. new
greecy b.s. factor. The rally into the close and the
previous so-called (4 day) ‘rally’ was based on b***s*** alone to keep the
suckers suckered and for ‘smarter money ‘ along with the frauds to sell into.
This is an especially great opportunity to sell / take profits while you still
can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If
You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [
He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock
sales is telling. At 565 sells for every 1 buy, it’s never been
higher. Wall
Street 'Vastly Underestimating' Risk of Debt Default
Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press” Another
Financial Crisis Is On The Way, Mobius Says Market Crash 6/30/11?Technical
indicators suggest market collapse may begin by June 30th Dennis Slothower is
one of the world’s leading technical analysts. He’s one of the few advisors
whose readers completely avoided ALL losses during the disaster that was 2008.
And now he’s issuing another dire warning. His technical indicators suggest
that the market manipulation we’ve seen over the last several months is about
to come to an end…and that means thousands of investors are about to get
clobbered. This correction could begin as soon as June 30th – so it’s important
that you take action now to prepare yourself. StealthStocksOnline.com STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a
devastating long-term economic decline..’ ]
States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal S&P
Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell ‘Are equities
positioned for a nosedive? [Unequivocally, yes! Jobless claims at 428,000 much
worse than expected; and, don’t forget, these are desperate ‘pre-election
times’ when regardless of reality, factual and otherwise (ie., fake reports,
data, as, ie., wobama hometown corrupt chicago ISM is up as even their youth
gangs are showing increased criminal activity which probably accounts for the
rise, meth, crack labs, etc.?). Foreclosure, distressed sales up, at
least on paper with contracts signed, so no surprise nor reason to cheer here,
as markets worldwide jump on the american crazy train for a short-lived
manipulated bounce as all problems
remain. This is the same month end (and
quarter, half) spurt / window dressing based on b***s*** alone to keep the
suckers suckered and an especially great time to sell / take profits since
there’s much worse to come! ] This week the S&P 500 surged 2.6%
from a week ago, to close at 1,320. The equities index has nearly reversed its
one-month drop, after closing at 1,331.10 on May 27.
At first glance, an auspicious close to both QE2 and the
second quarter. Investors cheered news that Greece would avoid a near-term
default on its debt. Still take a close look at the historical tight
correlation between the S&P 500 and the four-week rolling average for
initial jobless claims, and the equity recovery could be a temporary blip.
http://blogs-images.forbes.com/maureenfarrell/files/2011/06/6-30MFjobless.png
This chart plots the S&P 500 index against an inverse
of the 4-week average of initial jobless claims. If you can excuse the tiny
font, the chart illustrates a tight and curious correlation between these
metrics since December 2006...’
FBI
catches manipulators of stocks Case highlights the risks of penny
stocks, which are easily manipulated because they trade so thinly and for
extremely low prices -- sometimes fractions of a cent. (Washington Post) [ This
is welcome news no matter what. The low end’s always been a favorite (though
not excluding the higher end) of the mob who’ve been known to work closely with
fraudulent wall street, cia (then there’s also the money laundering) ( http://albertpeia.com/FBIAgentAffidavit11.jpg ) .
Yet, reality requires that the FBI, SEC, DOJ, etc., update their
computer savvy / proficiency sufficient to fully understand and appreciate the
magnitude and scope of the current wall street frauds / scams in terms of
damages, efficiency, and cover-up so detrimental the health of this and other nations;
economic, financial, and otherwise. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! Jobless claims at 428,000 much
worse than expected; and, don’t forget, these are desperate ‘pre-election
times’ when regardless of factual reality (ie., fake reports, data, as, ie.,
‘wobama hometown’ corrupt chicago ISM is up as even their youth gangs are
showing increased criminal activity which probably accounts for the rise; ie.,
meth, crack labs, etc.?) fudged / faked data / reports are used / spun. Foreclosure,
distressed sales up, at least on paper with contracts signed, so no surprise
nor reason to cheer here, as markets worldwide jump on the american crazy train
for a short-lived bounce as all problems remain. This is the same month end (and quarter, half) spurt /
window dressing based on b***s*** alone to keep the suckers suckered and an
especially great time to sell / take profits since there’s much worse to come!
Talk about milking the greek crisis for the umpteenth time a so-called solution
(and there are loads of greecy scenarios worldwide … I don’t think so and neither does Schaeffer who says: ‘…even once
such a package is passed it only buys time. Actually fixing the fiscal
condition of Greece is not something that can be solved in a matter of weeks,
or even months… ‘ but it’s great press for the
churn and earn and to keep the suckers suckered. Technology
rally? Defacto bankrupt american technology is horrendous but great sizzle for
the new fraud as in the dotcom bust days. Then there’s the greasy b.s. new
greecy b.s. factor. The rally into the close and the
previous so-called (4 day) ‘rally’ was based on b***s*** alone to keep the
suckers suckered and for ‘smarter money ‘ along with the frauds to sell into.
This is an especially great opportunity to sell / take profits while you still
can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If
You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [
He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock
sales is telling. At 565 sells for every 1 buy, it’s never been
higher. Yes, it’s normal for insiders to be selling some of their stocks so
they can buy new yachts and some of this is pre-planned. But that ratio — which
has spiked recently — is extraordinarily high, one might even say
off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default
Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press” climaxed Sunday with a startling market
prognostication from David Brooks, conservative columnist for the NY Times . The risk of a debt default over the combustible issue of the Medicare
deficit hangs over the course of the stock market. Buyers Beware!“I was up in
Wall Street this week,” Brooks said. “They’re vastly underestimating the
source of piolitical risk here. We could have a major problem, I think, either
this summer or the next couple years. And I’d be worried about investing too much
in the market. That’s my financial advice.”…’
Another
Financial Crisis Is On The Way, Mobius Says Market Crash 6/30/11?Technical
indicators suggest market collapse may begin by June 30th Dennis Slothower is
one of the world’s leading technical analysts. He’s one of the few advisors
whose readers completely avoided ALL losses during the disaster that was 2008.
And now he’s issuing another dire warning. His technical indicators suggest
that the market manipulation we’ve seen over the last several months is about
to come to an end…and that means thousands of investors are about to get
clobbered. This correction could begin as soon as June 30th – so it’s important
that you take action now to prepare yourself. StealthStocksOnline.com STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a
devastating long-term economic decline..’ ]
States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived
mideast turmoil and their wars to obfuscate and divert attention from their
failure. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS
– PLEASE BE CAREFUL OUT THERE! ‘ Dave's
Daily 'If you can
keep interest rates this low this long, its inevitable cheap financing can
allow companies to start cobbling each other up. Further Ben's policies allow
companies like IBM to sell bonds at 1% and buy back shares with the proceeds
(total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money--
House
votes down SEC budget hike Agency has been seeking a budget increase to keep pace
with its expanded responsibilities. (WP) [ No surprise here given the prior and
continuing defacto complicity in wall street’s enormous frauds. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
… Yet, one must ask what have they been doing and already getting paid for?
Roche 'The worst part of it ...Obama,
who vowed change, has done almost nothing to fix any of it and in fact
continues most of the policies that helped get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud ) …
I want just one person with courage enough to stand up and explain to all
that these huge commissionable computerized trading volumes like never before
are a net negative in a very big way … that’s a fact … that’s economic reality
in real terms! … Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I mean,
come on! This catering to fraudulent wall street was a loser ab initio! That
so-called ‘wealth effect’ market froth was used previously by senile ‘maestro’
greenspan and failed miserably except for the frauds on wall street who
commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ] Milbank:
Progressives voice anger at Obama (Washington Post) [ Progressives? Is that all, Mr. ‘wobama
aficionado’, aka Mr. Milbank. How about the vast and overwhelming majority of
this nation, and add in the rest of the world to boot. Robinson:
Why does the Afghan war go on? (Washington Post) [ Well, there’s one person who minces no words
as to why: Drudgereport: FARRAKHAN: 'THAT'S A MURDERER
IN THE WHITE HOUSE'...
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
National / World
An Actionable Plan for 9/11 Truth and Justice Senator Mike Gravel | Awareness of the need for a new investigation of 9/11
is guaranteed regardless of whether any initiative is enacted into law or not.
TSA Repeats Same Lies About Safety Of Body Scanners Steve Watson | The TSA has simply repeated the same lies that are manifestly disproved
by newly released internal government documents.
Russian Envoy: NATO Preparing Libyan Ground Invasion Kurt Nimmo | “I think that now we are witnessing the preparation stage of a ground
operation,” said the Russian NATO envoy.
British Government Devised Propaganda Campaign To
Downplay Fukushima Paul Joseph Watson | Emails reveal “scandalous collusion” with nuclear industry, talking
points were also parroted by global warming alarmists.
Founders Without Whom America Would Not Exist Chuck Baldwin | I think it would be good to remind ourselves of who those men were that
counted the cost and paid the price to bring this land of liberty into
existence.
Unemployment:
No Extended Benefits For People Laid Off From Now On Arthur Delaney | Will not be
eligible for any of generous extended unemployment benefits layoff victims have
received from government since 2008.
White House to pay $37 million in salaries for 2011
Ron Paul outraises Jon Huntsman, Tim Pawlenty with $4.5+
million The State
Column | Republican
presidential candidate Ron Paul announced Friday that his campaign has raised
$4.5 million during the second quarter of 2011.
India Offers Free Cars In Return For Sterilization BBC News | Health officials in the Indian state of Rajasthan are launching a new
campaign to try reduce the high population growth in the area.
TSA Repeats Same Lies About Safety Of Body Scanners Steve Watson | The TSA has simply repeated the same lies that are manifestly disproved
by newly released internal government documents.
Radioactive Waste Dumped in Open Pits Outside Los Alamos
National Lab Washington’s Blog | To
understand why a raging wildfire near the Los Alamos National Laboratory is a
big deal, you must understand how wastes were disposed.
AFRICOM: AF, Navy still flying Libya missions Air Force Times | Air Force and Navy aircraft are still flying hundreds of strike
missions over Libya despite the Obama administration’s claim that American
forces are playing only a limited support role in the NATO operation.
Russian Envoy: NATO Preparing Libyan Ground Invasion Kurt Nimmo | Dmitry Rogozin told RIA Novosti on Friday that NATO is probably
preparing a ground invasion to overthrow the Gaddafi regime in Libya. Rogozin
is Russia’s NATO envoy.
British Government Devised Propaganda Campaign To Downplay
Fukushima Paul Joseph
Watson | Emails reveal
“scandalous collusion” with nuclear industry, talking points were also parroted
by global warming alarmists.
13 die as van hits roadside bomb in Afghanistan
Minnesota government
shuts down Politico | Minnesota’s
government shut down at midnight local time Friday after six months of
negotiations.
10 Reasons Why Lindsay Lohan Is Right About The Federal
Reserve And The Price Of Food The American
Dream | Does Lindsay Lohan understand monetary policy better
than Ben Bernanke does? The other day, her Twitter account sent out the
following message: “Have you guys seen food and gas prices lately? U.S. $ will
soon be worthless if the Fed keeps printing money!” Well, it turns out that it was a “sponsored tweet” that Lohan was
paid to send out, but in a subsequent tweet Lohan explained that “i actually do
care about gas and food prices, so whether it’s an #ad or no, it’s important
for people to be aware of it.” Okay, so
we probably will not see Lohan at any “End the Fed” rallies, but it turns out
that in her own bizarre way she has brought a little bit of attention to some
very important issues. Food and gas
prices are skyrocketing, and a lot of the blame for that can be placed on the
shoulders of the Federal Reserve.
So does Lindsay Lohan really
understand what is going on in the world of economics? Of course not.
But if we can get celebrities
talking about the Federal Reserve and rising prices that is a good thing. Why?
Well, because Americans listen to
celebrities. When a top celebrity says
something controversial it gets a lot of attention. The more attention that we can draw to the problems the Federal
Reserve is creating the better.
The reality is that the Federal
Reserve has been at the heart of our economic problems for decades but most
Americans don’t understand the Fed or how it works. The more Americans that get educated about the Federal Reserve
the better.
The following are ten reasons why
all Americans should be concerned about the Federal Reserve and rising food
prices….
#1 What we are witnessing right
now is part of a long-term inflationary trend.
Since the Federal Reserve was created in 1913, the U.S. dollar has lost
over 95 percent of its value. An item
that cost $20.00 in 1970 would cost you $116.48today. An item that cost $20.00 in 1913 would cost you $456.49 today.
#2 Over the past couple of years,
the Federal Reserve has used a process called “quantitative easing” to pump
hundreds of billions of new dollars into the financial system. This has helped push the cost of food, gas
and just about everything else up. Even
though “QE2″ has now come to an end, the Federal Reserve has announced
that they are going to continue to “reinvest” hundreds of billions of dollars
into the financial system.
#3 The Federal Reserve is not the
only central bank that has been doing this sort of thing. Sadly, central banks all over the world have
been recklessly printing money over the past several years. This is creating inflation all over the
planet.
#4 Prices are going up but wages
are not. One recent survey found that 9
out of 10 U.S. workers do not expect their wages to keep up with soaring food
prices and soaring gas prices over the next 12 months.
#5 We have already seen a
tremendous amount of food inflation in the United States during the last 12
months. According to a recent CNBC
article, over the past year many of the most popular foods in America have
absolutely skyrocketed in price….
Coffee, for instance, is up 40 percent. Celery is 28 percent
higher while butter prices rose 26.4 percent. Rounding out the top five are
bacon, at 23.5 percent, and cabbage, at 23.3 percent.
#6 In many areas of the world food
inflation is far worse than it is in America.
Over the past year, the global price of food has risen by 37 percent and
this has pushed approximately 44 million more people around the world into
poverty.
#7 When the Federal Reserve and
other central banks create new money, it usually goes to big banks and major
financial institutions first. So what
have the big banks and the major financial institutions been doing with this
new money? Well, they have been sinking
a lot of it into hard assets such as oil, precious metals and agricultural
commodities. Over the past 12 months,
almost every single agricultural commodity has risen substantially in
price. For example, the global price of
wheat has approximately doubled over the past year. But it is not just wheat that has been skyrocketing. Check out what a recent Bloomberg article
had to say about what has been happening to many key agricultural commodities
over the past year….
Corn futures advanced 77 percent in the past 12 months in
Chicago trading, a global benchmark, rice gained 39 percent and sugar jumped 64
percent.
#8 Many areas of the world are
experiencing severe drought right now, and this is also harming food
prices. For example, the Horn of Africa
is experiencing the worst drought that it has seen in 60 years.
#9 The United States is also
having crop problems as well. All of
the flooding, wildfires and tornadoes that we have seen this year have
certainly not helped things. There is
even a major “east coast stink bug epidemic” which is causing chaos for large
numbers of farmers. In general, U.S.
agricultural production has not been blessed this year. It just seems like there is crisis after
crisis.
#10 A lot of agricultural
production that would go for food is now going for other purposes. For example, almost a third of all corn
grown in the United States is now used for fuel. This is putting a lot of stress on the price of corn.
So how concerned about food prices
should we be?
Well, renowned investor Jim Rogers
recently put it this way….
“We’ve got to do something or we’re going to have no food at
any price at times in the next few years.”
That doesn’t sound good.But it is
not just the price of food that is going up. The price of gas has also gotten
crazy.Right now, the average price of a gallon of gasoline in the United States
is approximately $3.54 .One year ago, it was $2.76. Thankfully, the price of
gas has actually come down a bit recently.
Earlier this year it hit $3.99.
Sadly, back in the 90s you could
go to just about any gas station and fill up for about a dollar a gallon. Over the past couple of years we have gotten
comfortable with outrageous gas prices, but the reality is that what we are
seeing now is part of a very disturbing long-term trend….
Health care costs are also
spinning out of control. In a recent
article abouthealth care statistics, I noted some of the stats that show that
the price of health care in the U.S. has been absolutely soaring. The following are a couple of those
statistics….
*According to the Bureau of
Economic Analysis, health care costs accounted for just 9.5% of all personal
consumption back in 1980. Today they
account for approximately 16.3%.
*The United States spent 2.47
trillion dollars on health care in 2009.
It is being projected that the U.S. will spend 4.5 trillion dollars on
health care in 2019.
Education has also gotten insanely
expensive as well. In a recent article I wrote entitled “Is College Worth It?“,
I noted that since 1978 the cost of college tuition in the United States has
gone up by over 900 percent.
Today, Average yearly tuition at
U.S. private universities is up to $27,293.
That number has soared by 29% in just the past five years.
Unfortunately, it appears that
things are going to get even worse.
Thanks to dramatic budget cuts by many state governments, it is being
projected that college tuition costs are going to rise even faster this year.All
of these rising prices are really squeezing the budgets of families all across
America.
Things are getting really tough
out there.So if food prices keep going up this rapidly, what are we all going
to eat?Well, one scientist claims that he has been able to create an “edible
steak” out of human feces.How gross is that?
But don’t laugh – if the price of
food keeps going up this rapidly many Americans might have to literally eat
garbage someday.
The U.S. economy is in the middle
of a long-term economic decline and thousands more Americans fall out of the
middle class every single day.
Until the past couple of years,
the vast majority of Americans believed that things would always be wonderful
in America.
Now that has completely changed.
According to a new poll by CBS
News and The New York Times, 39 percent of Americans believe that the U.S.
economy has now entered a “permanent decline”.
As prices continue to rise, the
number of American families that will not be able to put food on the table is
going to continue to go up. Already
there are 44 million Americans on food stamps.
People are going to get desperate.
Society is going to continue to crumble.
So yes, there are lots of reasons
why Lindsay Lohan and everyone else in America should be very concerned about
the Federal Reserve and the price of food.
Once our economic prosperity is
gone it is going to be incredibly difficult to get back.’
Gerald
Celente: ‘IMF – International Mafia Federation’ RT | Gerard
Celente, the director of the Trends Research Institute, shares his thoughts.
TOP 11 TRENDS OF 2011 THE MID-JANUARY ISSUE OF
THE TRENDS JOURNAL WILL FEATURE OUR “TOP TRENDS 2011” — The Trends Research
Institute’s compendium of the dominant trends for the year ahead. The following
synopses of these trends provide insights into some of what to expect. After
the tumultuous years of the Great Recession, a battered people may wish that
2011 will bring a return to kinder, gentler times. But that is not what we are
predicting. Instead, the fruits of government and institutional action – and
inaction – on many fronts will ripen in unplanned-for fashions. Trends we have
previously identified, and that have been brewing for some time, will reach
maturity in 2011, impacting just about everyone in the world.
Wake-Up Call In 2011, the people of all nations will fully recognize
how grave economic conditions have become, how ineffectual and
self-serving the so-called solutions have been, and how dire the
consequences will be. Having become convinced of the inability of leaders
and know-it-all “arbiters of everything” to fulfill their promises, the
people will do more than just question authority, they will defy
authority. The seeds of revolution will be sown…. Crack-Up 2011 Among our Top Trends for last year was the “Crash of
2010.” … equity markets were no longer a legitimate indicator of recovery
or the real state of the economy. Yet the reliable indicators (employment
numbers, the real estate market, currency pressures, sovereign debt
problems) all bordered between crisis and disaster. In 2011, with the
arsenal of schemes to prop them up depleted, we predict “Crack- Up 2011”:
teetering economies will collapse, currency wars will ensue, trade
barriers will be erected, economic unions will splinter, and the onset of
the “Greatest Depression” will be recognized by everyone…. Screw the People As times get even tougher and people get even
poorer, the “authorities” will intensify their efforts to extract the
funds needed to meet fiscal obligations. While there will be variations on
the theme, the governments’ song will be the same: cut what you give,
raise what you take. Crime Waves No job + no money + compounding debt = high stress,
strained relations, short fuses. In 2011, with the fuse lit, it will be
prime time for Crime Time. As Gerald Celente says, “When people lose
everything and they have nothing left to lose, they lose it.”
Hardship-driven crimes will be committed across the socioeconomic spectrum
by legions of the on-the-edge desperate who will do whatever they must to
keep a roof over their heads and put food on the table…. Crackdown on Liberty As crime rates rise, so will the voices
demanding a crackdown. A national crusade to “Get Tough on Crime” will be
waged against the citizenry. And just as in the “War on Terror,” where
“suspected terrorists” are killed before proven guilty or jailed without
trial, in the “War on Crime” everyone is a suspect until proven innocent….
Alternative Energy In laboratories and workshops unnoticed by
mainstream analysts, scientific visionaries and entrepreneurs are forging
a new physics incorporating principles once thought impossible, working to
create devices that liberate more energy than they consume. What are they,
and how long will it be before they can be brought to market? Shrewd
investors will ignore the “can’t be done” skepticism, and examine the
newly emerging energy trend opportunities that will come of age in 2011…. Journalism 2.0 Though the trend has been in the making since the dawn
of the Internet Revolution, 2011 will mark the year that new methods of
news and information distribution will render the 20th century model obsolete.
With its unparalleled reach across borders and language barriers,
“Journalism 2.0” has the potential to influence and educate citizens in a
way that governments and corporate media moguls would never permit. Of the
hundreds of trends we have forecast over three decades, few have the
possibility of such far-reaching effects…. Cyberwars Just a decade ago, when the digital age was blooming and
hackers were looked upon as annoying geeks, we forecast that the intrinsic
fragility of the Internet and the vulnerability of the data it carried
made it ripe for cyber-crime and cyber- warfare to flourish. In 2010,
every major government acknowledged that Cyberwar was a clear and present
danger and, in fact, had already begun. The demonstrable effects of Cyberwar
and its companion, Cybercrime, are already significant – and will come of
age in 2011. Equally disruptive will be the harsh measures taken by global
governments to control free access to the web, identify its users, and
literally shut down computers that it considers a threat to national
security…. Youth of the World Unite University degrees in hand yet out of work,
in debt and with no prospects on the horizon, feeling betrayed and angry,
forced to live back at home, young adults and 20-somethings are mad as
hell, and they’re not going to take it anymore. Filled with vigor, rife
with passion, but not mature enough to control their impulses, the
confrontations they engage in will often escalate disproportionately.
Government efforts to exert control and return the youth to quiet
complacency will be ham-fisted and ineffectual. The Revolution will be
televised … blogged, YouTubed, Twittered and……..’
U.S.:
Iran behind rising troop deaths
Officials accuse Iranian special forces unit of supporting Iraqi militia
groups suspected in attacks. Pentagon
costs rising fast, CBO warns (Washington Post) [ ‘Costs rising fast’ Well, that’s always been
the point; viz., keep those budgets bulging, for theirs and the military
industrial complex’ sake. Oh, riiiiight! Iran’s the one … Iran’s the boogey man
… forget that the invasion of Iraq and consequent war crimes were based upon
lies known to be false! No … reality and rationality says that pervasively
corrupt, defacto bankrupt america is ultimately behind and responsible for all
troop deaths in their misguided, nation-destroying, nation-bankrupting,
people-killing illegal wars. How much will our wars cost? Report says $4 trillion U.S.
cost of war at least $3.7 trillion and counting The final bill
will run at least $3.7 trillion and could reach as high as $4.4 trillion,
according to the research project “Costs of War” by Brown University’s Watson
Institute for International Studies. Pragmatism
may define Gates’s legacy Defense secretary may not be remembered for any grand
ideas but for his stewardship of two wars. (Washington Post) [ What? What’s
this? What parallel universe is this that talks of gates’ pragmatism. Legacy?
What legacy? More contrived, needless war? More defacto bankruptcy and
depletion of treasury for this and other nations? For those who think there’s strategic thinking behind these
global blunders I say ‘wake up’ … look around you … smell the dead roses! Not that panetta is any better having turned
this nation into but a pińata much like the failed predispositions which have
brought down his home state (pelosi’s, feinstein’s anyone?). Unless measured in
terms of increased heroin trade in Afghanistan, an increased cia / Hegelian
approach to global matters leading ineluctably to new self-created needs for
actions to dispel the ever increasing new problems resulting from their
misguided acts, his tenure must be considered as much a failure as the failed
presidents he’s served so dutifully; and, expect worse from pińata-man panetta.
Like a psychotic serial arsonist employed in a fire department, creating the
very devastating fires they’re called upon to put out, these appointees are
lose – lose scenarios for everyone. Official:
U.S. drone strikes at Somali militants The airstrike makes Somalia at least
the sixth country where the U.S. is reportedly using drone aircraft to conduct
lethal attacks. The latest target: senior members of a militant group linked to
al-Qaeda. (Washington Post) [ It isn’t often I get a chance to commend military
action these days; but, I really hate somalians … Well done! … I’ll not forget
the way they paraded those 18 dead rangers on a peace mission around … If up to
me, I’d have made 18 square miles of Mogadisho one big cemetery / parking lot
(I’m not kidding!). Deaths of four Americans reflect increasing
violence of Somali piracy (Washington Post) [ Drudgereport: U.S. Warship Tracking Yacht
Hijacked by Somali Pirates... http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm . I do know that these somali pirates need killin’ and I further
believe that open season on them including using their boats in the water for
target practice makes sense and certainly is morally justified. I’m tired of
hearing about those little weasels … you know, ‘the skinnies’. ] VIDEO:
EU Naval Forces Fight Piracy off Somali Coast [ Yeah! With all their
nation-bankrupting, self-defeating, wasteful, adventuring, warring for no good
reason in Afghanistan, etc., I have been at a loss to understand why they are
not blasting the skinnies out of the water, along with bombing the
skinny-places of refuge!
House
rejects Obama’s Libya policy Lawmakers vote down a measure that would authorize mission, but stop
short of cutting funding. (Washington Post) [ Ah, riiiiight! The worst of both
worlds. ‘Cutting the baby in half’ probably their most politically expedient
solution to appeasing their respective ‘support groups’. Though not the kind of
group therapy support groups that immediately come to mind, one laments the
various elements of the pervasively corrupt u.s. government are not receiving
the kind of psychotherapy they need by way of group therapy or otherwise. Speaking of spending cuts, here’s one they
‘dare not do’: House
votes down SEC budget hike Agency has
been seeking a budget increase to keep pace with its expanded responsibilities.
(Washington Post) [ No surprise here given the prior and continuing defacto
complicity in wall street’s enormous frauds. The frauds on wall street et
als should be criminally prosecuted, jailed, fined, and disgorgement imposed ! Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer) is one of those typically
with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that
ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that
national drain / sinkhole new york (new york / new jersey metro) where, for
example, FBI informants were routinely exposed by ‘italians’ in the new york
d.a.’s office over the objection of the FBI, and were promptly
‘dispatched’/assassinated / hit by mafia / organized crime [ this was
documented with authority in the book ‘Goombata: The Improbable Rise and Fall
of John Gotti and His Gang’ Cummings / Volkman … Yet, one must ask what have they been doing and already getting paid for?
Roche 'The worst part of it ...Obama,
who vowed change, has done almost nothing to fix any of it and in fact
continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for
Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by
the frauds on wall street ( and declares with oscar in hand that not one high
level wall street exec has been prosecuted … despite ‘earning’ billions from
the fraud ) … I want just one person with courage enough to stand up and explain to all
that these huge commissionable computerized trading volumes like never before
are a net negative in a very big way … that’s a fact … that’s economic reality
in real terms! … Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t
think so! I do believe that both nations are regressively but nostalgically trying
bring the world back to failed geopolitical paradigms that made the 20th
century the bloodiest century, not coincidentally the american century
(obviously for israel the latter half century). Yet, such a conditioned
psychopathic approach to global matters has led them self-destructively,
self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs,
extinction, at least in a manner of speaking. Global information exchange at
lightning speed has made such throwbacks to a lost era, propaganda, and
maladaptive traits foolish at best, deadly at worst. Intelligent people
worldwide aren’t buying the obsolete, Orwellian approach fostered by the
purveyors of global unrest; viz., israel, america, Orwellian england, etc.;
more specifically, diversion of the masses from the glaring failures of
leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has
promised to hold Wall Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
U.S.
looking into 2 detainee deaths A federal prosecutor deepens inquiry
into agency’s harsh interrogation practices during the Bush administration,
U.S. officials say. (Washington Post) [ Oh, riiiiight! That’ll happen … come
on! Fishing for headlines at best, and a futile, self-deluding attempt to make
them feel better about themselves. Everyone knows that bush et als are war
criminals and should be in jail. Moreover, wobama et als have taken over where
dumbya bush et als left off despite campaign promises to the contrary. Robinson:
Why does the Afghan war go on? (Washington Post) [ Well, there’s one person who minces no words
as to why: Drudgereport: FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... Kick
the can (Washington Post) [ I totally agree with Mr. Robinson; namely, they all
need a kick in the can … you know, that ‘washington establishment’ that have
failed all so miserably. Well, I know that’s not what he really meant. But, ‘do
no harm’? Methinks it’s too little, too late no matter what they do to avoid
that! Market Crash
6/30/11?Technical indicators suggest market collapse may begin by June 30th
Dennis Slothower is one of the world’s leading technical analysts. He’s one of
the few advisors whose readers completely avoided ALL losses during the
disaster that was 2008. And now he’s issuing another dire warning. His
technical indicators suggest that the market manipulation we’ve seen over the
last several months is about to come to an end…and that means thousands of
investors are about to get clobbered. This correction could begin as soon
as June 30th – so it’s important that you take action now to prepare yourself.
StealthStocksOnline.com
JFK
{Platoon , Wall Street , Natural Born Killers , W. , Wall Street: Money Never Sleeps } [ And yes; I also
believe there’s been a coup d’etat in pervasively corrupt, defacto bankrupt,
banana republic america, gunboat diplomacy, plundering the treasury, and all! ] [I saw ‘JFK’ for the first time today and
must say, though preoccupied at the time (1992) with other things (RICO and
consequent substantial pressure from various nefarious elements, mob,
mob-connected / controlled, corrupt government-state,local,federal, etc.. ) I
was ‘hoodwinked’ by mainstream media critics who for the most’ ho-hummed’ the
film as more of the same conspiracy stuff the factual basis for which I was
already familiar with; and hence, disinclined to make any significant effort to
view same. Boy, were they and derivatively I wrong! I am totally astounded by
the insightful documentation in this film, so masterfully presented in
cinematic form. If at all, Stone seemed shy about presenting even reasonable
inferences from facts so strictly set forth. By leading with actual speech
footage from who I believe to have been america’s last great president /
leader, the substantially underrated President General Eisenhower who warned of
the dangers inherent to the military / industrial complex, Stone set the tone
for what I believe to have been the most courageous and significant warning of
the current national and global crises confronting the nation and world today
and the reasons therefore (his negative exposés of wall street, inherent american
criminality, W, etc., complement and support his theme while revealing his wide
range, wisdom, and talent). (I must say that I liked Ronald Reagan, as I’ve
previously said I like Robert Redford, as being very likeable guys - I’m also
conservative, but not to a fault – his rational approach and results with
Gorbachev were his most significant accomplishments. Parenthetically and
coincidentally, I also saw for the first time this same day, Reagan in ‘Bedtime
for Bonzo’; and, I was shocked that it was better than I could have possibly
imagined and hardly the stuff warranting the mocking he got for same on the
political trail … do you think it was just a foreboding of the nation’s current
predicament with ‘wobama the b’ (for b***s***); and yes, I do have that
‘birther wobama family portrait’ on my website front page http://albertpeia.com . In sum, the inherently criminal behaviors
of americans as depicted are all too real and an auspicious sign indicative of
corruption across the board and through all levels of u.s. government. In light
thereof, I’m compelled to wonder as previously set forth and infra, whether my
trust in and affinity for the FBI will have been ultimately proven to have been
contraindicated in fact and reality; and hence, as I ponder, a maladaptive
personal trait / flaw. Stated another way, should having then done the deal
with the mob for the money despite personal ethics and oath militating against
same have been the correct choice in pervasively corrupt america. It certainly
up to this point would have been the most expedient, efficacious, and adaptive
choice in pervasively corrupt, inherently criminal america. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]
The purported
leaders today; compromised, cowardly, criminal puppets all, the story of
pervasively corrupt, defacto bankrupt america today.
Biological
Anthropologist: Match.com Akin to "Ancestral Mating Dance" at
Minyanville
Drudgereport: TEMPLETON chairman: Financial
Crisis 'Around Corner'... 'WE ARE ON THE VERGE OF A
GREAT, GREAT DEPRESSION...' CHINA: USA 'ALREADY
DEFAULTING'... DOLLAR TO 'LOSE RESERVE
STATUS'
Economy Expected to Have
Major Slide in Months Ahead... UPDATE: Minnesota Government
Shuts Down... Washington state closes
tourism office... Florida state workers get
pink slips, more cuts ahead...
FEDS STRIKE DOWN STATE'S BAN
ON RACE CONSIDERATION IN COLLEGE ADMISSIONS...
SoCal Looks to Secede from
California...
REPORT: U.S. Air Force, Navy
still flying hundreds of missions over Libya... FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA
FIGHTS FOR HIS RIGHT TO BOMB LIBYA... ) NEW IMF CHIEF FROM
CHICAGOLAND... MARK HALPERIN CALLS OBAMA 'A
DICK' ON LIVE TV... POLL: Obama 42%, any Republican 46%... Campaign signals fundraising
fail... Jewish Dems Losing Faith... John Kerry: 'I
Would Have Been a Good President, Maybe Even a Great One'... GETTING NERVOUS
NEWT: Obama 'most successful
food stamp president in American history'...
Bachmann: Media wants 'to see
two girls come together and have a mud wrestling fight'…[Well, I don’t know
about the mud wrestling, but voyeurs all, ‘come together’ sounds about right …
playing ‘victim’ does not become a presidential candidate. ] ...
Palin: Hollywood stars as
'full of hate'... ["What would make someone be so
full of hate?" palin asks … answer: resistance to someone as dumb and full
of war-mongering hate as she is! ]
REPORT: NATO forces ARE trying to assassinate
Qaddafi...
Los Alamos under
siege from wildfire... 'Throwing
absolutely everything at this that we got'...
BLAGO LIKELY HEADED TO
PRISON... 'What happened?' But he gets to keep his
hair... Fitz finally wins one!
GUILTY IN CHICAGOLAND... 17 of 20 counts... Tried To Sell Obama's senate
seat... Jury DEADLOCKED on Rahm
shakedown... Blago to lawyer: 'What
happened?' 'Stunned'...
JOBLESS WEAK: 429,000... ...disappointed Economic trouble puzzles Fed
chief...
FARRAKHAN: 'THAT'S A MURDERER
IN THE WHITE HOUSE'... THE NEW 'NORMAL' GALLUP PLUNGE... Approval -4, disapproval +5
-- in one day!
DOWN TO THIRD: USA 'TO FALL
BEHIND INDIA' IN TRADE... DEM FIX: MORE SPENDING! Bernanke speaks, stocks
sink... FORBES: 'Admits he's
clueless'...
CBO: Long-Term Debt Picture
Worsens... Would reach 101% of GDP by
2021... STUDY: State, local gov'ts
must raise taxes $1,400 a year for 30 years to fund pensions...
Millionaires shrug off
downturn; Wealthy richer than before crisis...
Zuckerman: 'We now have more
idle men, women than at any time since Great Depression'...
SHOCK POLL: ONLY 3 in 10 WILL
VOTE FOR OBAMA... 66% say US headed in 'wrong
direction'...
Greece Agrees on New
Austerity Plan With EU, IMF... ANGER IN ATHENS... 'BLACK HOLE'...
WH TRANSCRIPT: 'Over the last
15 months we’ve created over 2.1 million private sector jobs. (Laughter.)'...
REPORT: GANNETT to slash more
jobs across the country… [ No surprise here for this pathetic shill, rag
publisher. The only real newspaper consistent with a tradition of courage,
excellence, and respect for the first amendment is The Washington Post …] ...
DEBT TALKS BREAKDOWN; TAX
BUST
S&P: Risk of U.S. credit
rating downgrade increased...
Chicago county faces $108 billion gap in pensions....
Greek Streets 'Explosive'... PM wins confidence vote 'but
outlook remains dire'...
Huntsman announces
presidential bid at Statue of Liberty... Harry Reid endorses... Bachmann surges to primary
lead...
Iraq hunting $17 billion
missing after U.S. invasion... NATO NIGHTMARE: 9 CIVILIANS
KILLED NATO strike kills 15 Libyan civilians ]
Census: Whites lose majority
among babies... German Giant Says US Workers
Lack Skills... PAPER: AMERICA'S LOST DECADE? States look to Internet taxes
to close budget gaps...
SPANIARDS ON MARCH OVER BLEAK
PROSPECTS...
House will move
this week to limit funding for effort in Libya...
'DON'T BE SURPRISED IF ATHENS
GOES UP IN FLAMES'... GREEK PM PLEADS FOR UNITY! ...warns against default Threat to downgrade Italian
debt raises contagion fears... Princess Diana Conspiracy
Movie Headed to Theaters... ]
PAPER: AMERICA'S LOST DECADE?
Bachmann: Obama 'has failed'
blacks, Hispanics... Presidential no-show miffs
Hispanics... African-American unemployment
at 16%...
]
SHE'S OFF! (on the road
again) Michelle Obama embarks on Africa visit … (stay there!) ... Michelle Obama
Admits: 'Fortunately, We Have Help From The Media'... CHICAGOLAND: Rahm's Top Cop
Blames Gangs, Crime on 'Gov't-Sponsored Racism'... Likens federal gun laws to
'racism'...
Teen Mob Of 50 Hits Chicago
WALGREENS... Teen brutally beaten by mob
of blacks; cops mull 'lynching'
charge... Princess Diana Conspiracy
Movie Headed to Theaters...
[ British
queen arrives in Ireland Queen Elizabeth II’s visit overshadowed by security
scares. (Washington Post) [ ‘How sweet she is’ … that ‘sweet liz’ … that is
… Diana
film causes stir at Cannes “Unlawful
Killing” has a combination of celebrity, controversy and canny hype-mongering.
(Washington Post) [ Let’s not kid
ourselves … and, Dodi Fayed’s father was no dope and knew the score. Indeed,
it’s not coincidental that William’s the over-riding favorite of granny Liz II;
after all, Harry’s the bastard son of Hewitt (don’t buy into their DNA proffer
which they did buy – you know, that ‘bloodline thing’). Moreover, it was
reported that Diana had another ‘potential challenger in the oven’ at the time
of her death and we all know how dicey such english affairs of state can be
(ie., Henry VIII, Richard III, etc.). Then there’s the contempt of Diana for
having brought the son of her bosom, Chas, down. Do I think she said flat out
‘kill Diana’. No … more of a ‘do what’s necessary’ to mi6 et als. Ultimately,
William will require some substantial therapy to sort out this looming
conflict. After all, Diana was his mother.
Drudgereport: British woman decapitated in grocery
store; killer flees with head... Cannes: Diana doc slams UK
royals as 'gangsters'...
]
Dick Bové: Lost Finance Jobs Are Gonna Stay That Way…FOREVER
S&P
Reaches Possible Reversal Point at Minyanville
Watch
the Market, Not CNBC at Forbes
3
Stocks Driving Markets Up June 30th Wall St. Cheat Sheet
AAII
Survey: Bullish Sentiment At Highest Level Since April at Forbes
Top
3 Reasons Markets Were Up At the End of QE2 Wall St. Cheat
Sheet
All
Dressed Up [ and nowhere to go …
but down! ] at The Wall Street
Journal Mark Gongloff ‘The week-long stock rally got turbocharged today, pushing the
Dow easily into the black for the quarter and nearly bringing the S&P with
it. How long it lasts is a different story.The Dow jumped 153 points today and is up 480 points, or
4%, in the past 4 days. This is the biggest four-day percentage gain since last
September. The Dow ended the quarter 0.5% higher and is now 7% higher on the year.
The S&P and Nasdaq each gained 1% on the day and are
up 4% and 4.5%, respectively, for the 4-day run. Both ended the quarter
slightly in the red.
If there was any downside to this up-fest, it was the
financials, which gained just 0.4% on the day. But they’re the only sector in
the S&P 500 still down for the year. Everything else is up, as are the
Russell 2000 and the Dow Transports, which dipped into the red for a while
there.
Bonds, meanwhile, have gotten crushed during this
stretch, pushing the yield on the 10-year note up 35 basis points, from 2.8% to
3.15%. The dollar’s down, too, with the euro surging to $1.45.
So what does it all mean? Dave earlier pointed to signs
the market may be expecting an economic rebound . So far we have only one Chicago PMI
report to support hopes of a big bounce in growth, but OK.
There’s also Greece, whose day of reckoning has been
postponed for a little while longer.
And finally there’s quarter-end window dressing, which
still seems to make a lot of sense as a theory, given the utter lack of volume
during the stock-buying frenzy (though the bond-selling frenzy has seen quite a
lot of volume).
To me, it feels more like a combination of all three —
we’re pricing out economic collapse and an imminent Greek default, while also
prettying up the numbers at the end of the quarter.
Fair enough. From here the sledding gets harder. The
economic data aren’t going to be pretty for a little while, and earnings
expectations are too high. And QE2, which boosted stocks by 25%, has sailed for the last time.’
Minyanville's
T3 Daily Recap: Was This Week's Rally Anything More Than 2nd Quarter
Window-Dressing? [ No! ] at Minyanville
US
STOCKS SNAPSHOT-Wall St briefly pares gains after jobs data NEW YORK, June 30, 2011 8:45am (Reuters) - U.S. stock index futures briefly pared gains
on Thursday after a report showed new jobless claims fell less than expected
but optimism over Greece's austerity plan was set to extend a three-day rally
for stocks .
Moody's warns may downgrade U.S. muni debt ratings
Why The Dow Will Plunge To 7,000 By 24/7 Wall St. June 28, 2011 ‘ One theory of economics says that any market can return
to a point where it has been in the past. The Great Recession was, by some
measures as bad as the Great Depression. Unemployment was 3.6% in November
1966. It was at 4% in December 1999. There is no precedent for zero
unemployment, but those two periods came close.
Recent movements in the stock market could
repeat themselves as the economy lurches toward another recession. The DJIA
fell to just below 6,630 on March 2, 2009. Back in October 2007, 17 months
earlier, it briefly traded above 14,000. What happened? The most frequent
answer is the recession that lasted from December 2007 until June 2009, a
period determined by the National Bureau of Economic Research, caused the
collapse. The recession lasted 18 months, which made it the longest of any
downturn since World War II.
The DJIA could drop below 7,000 again
before the middle of next year, down from 12,000 where it trades now. The
market fell over 50% last 2008 and 2009. A correction to 7,000 this time would
be 42%.
The major drivers of a sharp drop in the
DJIA would be:
1. RECOVERY IS UNEVEN
Some regions of America are almost
economically dead. The first reason the market is likely to plunge is that the
current recovery is a 35-state recovery and not a 50-state one. The US economy
is not running on all its cylinders now. It runs on about two-thirds of them
during a good quarter. There has not been and will not be much of a recovery
in Nevada, Michigan, Florida, California, Rhode Island, Ohio, Illinois,
Louisiana, South Carolina, and sections of Kentucky, Tennessee, Arizona, Idaho
and Mississippi. Some areas of these states lack important growth industries -
particularly technology, farming, oil drilling, or the large employment bases
that accompany federal and state government employee concentrations. Many areas
that counted on construction to bolster their economy can no longer do so.
Unemployment will stay at or above 10% in parts of these states and large
cities like Las Vegas, Detroit, Stockton, and Providence. Most have
negative GDP growth. The US economy cannot grow at a rate of 3% or better,
which some economists are forecasting for the second half of the year, if
large regions of the country are shrinking economically.
2. UNDERWATER MORTGAGES
More than a quarter of US mortgages are
underwater. Economists use several ways to measure the housing market disaster
such as foreclosures, delinquencies, home price drops, housing start and new
and existing home sales. None of these captures the heart of the market the way
underwater mortgages statistics do. A home with an upside down loan can rarely
be sold without the seller taking a huge financial hit. These homes are likely
to become a financial burden to the homeowners who cannot afford their
mortgages and see no hope that their houses will ever regain their value.
Housing expert Robert Shiller says home prices could drop another 10% this
year. The ripple effect from a rise in underwater mortgages will affect
everything from bank earnings to consumer credit to consumer spending. The real
estate problem is a drag on the economy and it is one that will get worse.
3. STOCKS ARE EXPENSIVE
Many market analysts believe that this is
nearly a perfect time to buy stocks. Yields on bonds are low. Gold price are
unstable. The S&P 500 EPS will be $100 this year based on many forecasts.
Is a twelve multiple on that inexpensive? Perhaps. But if so, that indicates
that the Dow should be trading about where it is now. S&P 500 earnings,
however, will start to decline soon and in some industries they will disappear
entirely. The process has already begun among consumer products companies,
retailers, grocery chains, and transportation companies like airlines. Even
tech firms like Oracle have signaled that growth has slowed. Jim Cramer
mentioned a long list of “cheap” shares on “Mad Money” in October 2007. Stock
looked “inexpensive” in late 2007. That only lasted until corporate earnings
collapsed.
4. INFLATION IS A PROBLEM
No matter what the Federal Reserve says,
inflation is in full bloom. The Bank for International Settlements just warned
policymakers and world leaders that central banks need to raise interest rates.
Otherwise, the BIS stated, the price of commodities will continue to march
higher. Chinese inflation hit a 34-month high in May despite rapid tightening
by banks there. The core of this rise was food prices, which were up 11.7% for
the month. The US cannot claim, at least for long, that it is one world and
Asia, Africa, the Indian subcontinent, and parts of South America are another.
The prices of critical commodities such as wheat, corn, oil, and cotton are
well above where they were two years ago, and with some occasional dips, are
still rising. Americans cannot afford higher and higher food and clothing
prices when their median incomes are not moving up. Inflation is a poison to
consumer spending and to the profit margins of companies that have commodities
or transportation-based businesses.
5. COMPANIES HORDING
Companies are still holding their cash. A
McKinsey and Co. report published in May stated that European and US companies
have excess cash of more than $2 trillion. Firms like Apple and Google have
accumulated multi-billion dollar cash hordes and have elected to hold that
money even at extremely low yields. Other firms like McDonald’s have elected to
distribute cash through share buybacks and high dividends. Most major banks
have raised or reinstated dividends. Cisco has begun to pay a dividend.
Companies as diverse as CVS/Caremark Corp., Family Dollar Stores Inc., and
Schlumberger Ltd. have raised their payouts. Dividends help people who own a
lot of shares in the companies in question. They do nearly nothing for people
who hold small portfolios or who are broke and unemployed. Cash not used to
create jobs either directly through hiring or indirectly through capital
expenditure does not help the economy.
6. EVERYONE'S SHEDDING THEIR WORKFORCE
Companies are no longer adding jobs and
governments are laying off employees. The May unemployment numbers told a story
of a stagnant job market. Recent jobless claim levels have confirmed it. The
private sector has become worried about GDP which has only grown by 2%
recently. That is not enough for many firms to decide to add significant
numbers of workers. And, unemployment rates are now being moved higher by
government layoffs, a result of the “new austerity." The new federal
government budget is likely to make matters worse. The Brookings Institution
recently said in its Government Employment and Economic Recovery that the
single biggest threat to the economic recovery of many cities is layoffs of
government workers.
7. CHINA'S SLOWING ECONOMY
China’s economy will slow considerably. The
economic dynamics of China combine high food costs with faltering purchasing
and manufacturing. China’s factory output is no longer growing and it is
entering what it would view as a recession by the standards of the People’s
Republic-a growth rate well below its typical 10% of better. Goldman Sachs
recently chopped its forecast for China GDP. High oil prices contribute
according to the investment bank. Faltering demand for China’s exports is
another. American exports to China rose 32% in 2010 to a record $91.9 billion,
and have surged 468% over the past decade, according to the U.S.- China
Business Council. Americans usually complain about the heavy flow of China
exports to the US. But, many American industrial and service firms need China
sales to bolster their bottom lines.
8. GREECE IS TANKING
Greece will go under and take many other
small EU nations with it. Austerity measures by Greece will not save it from
default according to most credit experts. Even if budget and wage cuts buy
the nation some time, the lack of stimulus will ruin a job market which already
has a 40% unemployment rate among its youth. Ireland and Portugal have similar
problems. A series of defaults among the nations may damage the bank and credit
system more than the collapse of Lehman. It will certainly decimate earnings
and balance sheets of many European banks. The EU portion of the global bank
system could go into a state of shock that would cripple the global credit
process. Another by-product of ruined banks is that access to the capital
needed to drive economic growth will disappear. A sharp slowdown of EU consumer
spending will cripple the US export economy, particularly if combined with a
slowdown in China.
Douglas A. McIntyre ‘
Fed’s
‘QE2’ leaves mixed legacy The Fed’s much-debated effort to boost the economy by
buying $600 billion in bonds ends Thursday. (Washington Post) [ Mixed? How
‘bout an undisputable legacy of failure, by the fed’s own words and stated
mission and purpose. And, count on more fake data; ie., today’s near
meaningless in terms of reality ‘fake’ jobs report which they hope will keep
the foos (fools) ball rolling on fraudulent wall street; viz., ‘The standard
unemployment rate most often used by the Fed is currently at 9.1%, up 90% since
Bernanke started. The more inclusive (realistic) U6 number stands at
15.8%, up 75% in the same period. The Civilian Participation Rate has
declined 2.87% to 64.2%.This is the lowest level the U.S. has seen since March,
1984. The decline amounts to 8,946,844 fewer Americans in the labor
force. Had they not dropped out because of a lack of jobs, the “official”
unemployment rate would be significantly higher. While we can debate the
meaning of the term maximum employment, it is clear that the jobs data has
deteriorated considerably since Bernanke took the reins at the Fed. ‘.
Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How
‘bout both! I mean, come on! This catering to fraudulent wall street was a
loser ab initio! That so-called ‘wealth effect’ market froth was used
previously by senile ‘maestro’ greenspan and failed miserably except for the
frauds on wall street who commissioned up and down; and, make no mistake, those
computer-programmed high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ] In his June 7
speech, Fed Chairman Ben Bernanke stated, “the best way for the Federal Reserve
to support the fundamental value of the dollar in the medium term is to pursue
our dual mandate of maximum employment and price stability, and we will
certainly do that.”
.. Bernanke’s results .. since Ben took the reins:
Feb ’06 – April ’11
Items in a Typical Budget
% Change
Food and Beverages
16.54%
Water and sewer and trash collection
services
31.88%
Rent of primary residence
13.82%
Housing
8.68%
Fuels and Utilities
11.93%
Apparel
4.83%
Medical Care
20.11%
Gasoline (all types)
65.12%
Transportation
23.36%
Tuition, other school fees, and
childcare
29.28%
Recreation
2.87%
.. The standard unemployment rate most often
used by the Fed is currently at 9.1%, up 90% since Bernanke started. The
more inclusive (realistic) U6 number stands at 15.8%, up 75% in the same
period. The Civilian Participation Rate has declined 2.87% to 64.2%.
This is the lowest level the U.S. has seen since March,
1984. The decline amounts to 8,946,844 fewer Americans in the labor
force. Had they not dropped out because of a lack of jobs, the “official”
unemployment rate would be significantly higher. While we can debate the
meaning of the term maximum employment, it is clear that the jobs data has
deteriorated considerably since Bernanke took the reins at the Fed. ..
In conclusion, it is evident that Ben Bernanke is failing
his mandates. We believe it must come down to one of the following
reasons:
1. Bernanke does not
know how to achieve his mandates;
2. The policy tools
employed don’t work;
3. He does not have
the ability to implement policies that would work;
4. He is not trying
to achieve his mandates;
5. He has goals other
than his legal mandates;
6. He does not look
at the data, and believes he is succeeding.
Matt Marcewicz & Robert Barone, Ph.D.
.. ‘
Inflation Expectations Are Heating Up
Parties
at odds on deficit reduction Lawmakers in both parties plot
strategies that could make the deal difficult to find common ground.
(Washington Post) [ Yes … Odds on … favorite … a lose / lose solution. The
realistic scenario brings to mind that old adage that, ‘you can’t make a silk
purse out of a sow’s ear’ … and, yeah, the reality is all that bad. A
debt ceiling leadership failure On Leadership | Congress’s failure to
fix the budget deficit is due to fundamental differences of opinion on the role
of government. U.S.
consumer confidence unexpectedly (but realistically – and not because of the budget
stalemate) falls (Washington
Post) [Davis ‘This is how we pay off our current debts and I
think bondholders are simply happy to get anything out of a country that admits
it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE
CAREFUL OUT THERE! ‘ President
enters the debt talks Obama hosts sitdowns as leaders remain divided over
spending reductions and tax increases. (Washington Post) [ Oooooh! The big gun
has arrived, with the biggest gun, Mr. Teleprompter just a hot line away. Come
on! Let’s get real! What does wobama the b (for b***s***) know that any of
these other fellow nincompoops don’t; particularly about economics / finance,
even compared to ‘Lobotomy Joe’. Market Crash 6/30/11?Technical indicators suggest market collapse may
begin by June 30th Dennis Slothower is one of the world’s leading technical
analysts. He’s one of the few advisors whose readers completely avoided ALL
losses during the disaster that was 2008. And now he’s issuing another dire
warning. His technical indicators suggest that the market manipulation we’ve
seen over the last several months is about to come to an end…and that means
thousands of investors are about to get clobbered. This correction could begin
as soon as June 30th – so it’s important that you take action now to prepare yourself.
StealthStocksOnline.com [ Oooooh! Bring
in the big guns; viz., ‘wobama the b’ (for b***s***) … sounds like a plan!
After all, ultimately it’s Mr. Teleprompter who’ll have the final say; and, it
seems like wobama’s got a lock on that ‘relationship with Mr. T; you know,
‘pecking order’ kinds of stuff … Then begs the question: Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably inflationary,
ultimately hyperinflationary, particularly for stocks; that ‘feel good’
obfuscation that was but in reality good only for the frauds on wall street.
No, there is no modern day alchemy that spins worthless paper into gold except
fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
Though having but 5% of the world’s population, the u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and
personal testimony, an ex-Justice official who quit over the handling of a
voter intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t
think so! I do believe that both nations are regressively but nostalgically
trying bring the world back to failed geopolitical paradigms that made the 20th
century the bloodiest century, not coincidentally the american century
(obviously for israel the latter half century). Yet, such a conditioned
psychopathic approach to global matters has led them self-destructively,
self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs,
extinction, at least in a manner of speaking. Global information exchange at
lightning speed has made such throwbacks to a lost era, propaganda, and
maladaptive traits foolish at best, deadly at worst. Intelligent people
worldwide aren’t buying the obsolete, Orwellian approach fostered by the
purveyors of global unrest; viz., israel, america, Orwellian england, etc.;
more specifically, diversion of the masses from the glaring failures of
leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
A Mid-Year Review and Full 2012 Outlook Simon Maierhofer, June 28, 2011,
Time flies. The 2011 calendar year is already half over,
and based on the main stream 2011 outlook, the market's performance surprised
many. I forgot just how bullish Wall Street and the media was when coming into
2011. Look at the headlines below and you'll see what I mean.
'Get over your fear and get back into stocks' - USA
Today, 12-17-2010
'Bullish on tech and 2011' - Barrons, 12-20-2010
'Don't see a double dip for housing' - Morningstar,
12-29-2010
'Economic rebound forecast for 2011' - Seattle Times,
12-12-2010
'Investor's forecast: Sunny with a chance of overheating'
- WSJ, 1-3-2011
'Why U.S. stocks may finally be a good buy' - Mootley
Fool, 1-3-2011
'Real estate: Finally a good investment' - SmartMoney,
1-19-2011
'Why the S&P is still a bargain' - USNews, 2-4-2011
'11 signs the economy is on the right path' -
MarketWatch, 2-10-2011
Judging the media with 20/20 hindsight is always a blast,
but I must admit that I was too chicken to provide a full 2011 forecast via the
ETF Profit Strategy Newsletter.
Vaguely Accurate
Here's what I told Investor's Business Daily when they
asked me for my 2011 forecast (published in IBD's December, 22, 2010 paper):
'The Fed is creating a bubble to contain the damage left
behind by the bust of the previous bubble(s). QE2, as desired by the Fed, has
led to indiscriminate buying of stocks and commodities.
On a historic basis, stocks are overvalued and set to
deliver long-term pain, not gain. Based on various sentiment gauges
(Institutional Investor survey of newsletter writers and American Association
for Individual Investors' survey of retail investors, the VIX, Chicago Board
Options Exchange Market Volatility Index, and CBOE put/call ratio), investors
are as optimistic about rising prices today as they were in late 2007.
Compared to 2007, unemployment has doubled, GDP has
tumbled, Americans' desire to spend has morphed into a new frugality and Europe
has caught a contagious financial virus. Based on sentiment, the cork may pop
at any time, although I wouldn't be surprised if the Fed's POMO (permanent
open-market operations) activity can keep prices afloat through much of 2011.
The upside is risky and active traders may follow the trend until it's broken.'
I admit that the outlook was somewhat on the vague side
but it steered investors in the right direction - follow the trend but watch
out for a correction and a possibly significant market top. The chart below
provides a glance at the S&P's performance since January 1, 2011 along with
various support/resistance points outlined by the ETF Profit Strategy
Newsletter.
http://www.etfguide.com//contributor/UserFiles/8/Image/spx%206%2027%2011.gif
One Month at a Time
With the major index stretched to the breaking point but
momentum still strong, my strategy was to tackle the market one month at a
time. Initially it made no sense to buck the trend, but by mid-February, the
market seemed to have reached a breaking point. On February 18, I warned via
the ETF Profit Strategy Newsletter that: 'A fast and steep sell off from
current prices is possible.' However, 'If stocks don't fall below 1,255 and
1,229 we expect new recovery highs later in 2011.'
February 18 was a Friday. The following Monday was a
red-across-the-board kind of a day. The Nasdaq (Nasdaq: ^IXIC) opened Monday 38
points lower than it closed Friday and dropped an additional 39 points during
the day.
Formerly high-flying sectors like consumer discretionary
(NYSEArca: XLY - News ), industrials
(NYSEArca: XLI - News ), materials
(NYSEArca: XLB - News ), retail
(NYSEArca: XRT - News ) and
technology (NYSEArca: XLK - News ) followed
suit. The S&P (SNP: ^GSPC) dropped 23 points and the Dow (DJI: ^DJI) 177
points.
About two weeks later, the Japan Earthquake news rocked
the world and saw another wave of selling. But, the S&P never closed below
the 1,255 support and triggered a low-risk buy signal the week of March 14
(March 20, ETF Profit Strategy Update).
The up side target was outlined in the April 3 update of
the newsletter: 'There is a fairly strong Fibonacci projection resistance at
1,369. In terms of resistance levels, the 1,369 - 1,xxx (reserved for
subscribers) range is a strong candidate for a reversal of potentially historic
proportions.'
Bearish Case, Not Closed Yet
The S&P climbed as high as 1,370 and has since
dropped as much as 110 points. But once again, support surrounding the 1,255
level has not been breached.
In essence, the S&P is currently stuck in a technical
vacuum. The trading range is 1,250 - 1,300. There are plenty of folks who still
believe the 'bull market' is not yet over while the investing crowd has turned
notably bearish (generally a bullish signal). From a technical point of view,
new highs are still possible.
The Presidential Election Cycle, which sports gang buster
pre-elections year performance, supports the idea of new highs later on in
2011. Naturally, the incumbent President will do whatever he can to court
Americans for their vote.
Financial Trickery
Shenanigans designed to 'bribe' investors include
maneuvers like releasing a portion of the U.S. Strategic Petroleum Reserve.
According to the New York Times, tapping into the oil reserve for frivolous
reasons is a bad idea because the oil (NYSEArca: USO - News ) will
eventually have to be replaced, usually at higher prices. But right now, the
priority is to make voters happy. Low gas prices will do just that.
Other financial tricks include changing how the Consumer
Price Index (CPI) is calculated. Lawmakers are proposing to change the CPI
methodology to include changed spending patterns caused by price increase. For
example, consumers tend to drive less when gas prices increase.
This would artificially lower the CPI and lower federal
spending by around $220 billion over the next decade. Passing such a proposal
would surely be touted as a victory in the battle against the debt ceiling while
social security recipients see their monthly checks shrink (social security
payments are linked to the CPI).
Another trick is 'QE2-light'. Yes, even though QE2 is
officially over, the Federal Reserve will continue to reinvest maturing
securities and buy Treasuries (NYSEArca: TLT - News ) from banks
(NYSEArca: KBE - News ) at the rate
of about $25 billion a month over the next year.
2011 Outlook
Quite frankly, formulating a high confidence 2011 outlook
right now is tricky (isn't it always). But here is what we do know:
A major market top is forming. The S&P reached the
bottom end of our target range (1,369) and was clearly rejected. We also know
that crucial support at 1,255 has held. Even though the market behaved like a
significant top had been reached, it failed to confirm it thus far.
The key question is whether the upper end of our target
range will be tested or not. At this point it is too early to see, but that
doesn't mean we are 'flying blind.'
The S&P (and any other major index) won't rally to
new highs unless they break key resistance. Our strategy as of late has been to
sell against resistance and buy against support. This has worked like a charm.
Once resistance is broken, we'll buy against resistance and sell against
support. This will keep investors on the right side of the trade regardless of
what the market has in store for us…’
Why your local Hospital could soon shut down
(StansberryNewsletter) http://www.stansberryresearch.com/pro/1011PSIEND49/LPSILC42/PR
Geithner Looks
to Exit Treasury Dept. Bloomberg | Timothy F.
Geithner has signaled to White House officials that he’s considering leaving
the administration.
A
Huge Number Of Americans Believe The Economy Has Now Entered “Permanent
Decline” Business Insider | 39% of Americans believe the US
economy has entered “permanent decline” according to a new poll. 39% of
Americans believe the US economy has now entered “permanent decline” according
to a new poll from CBS and NYT.
The
IMF joins Bernanke in threatening US legislators M. Ruppert | We do not
need to raise taxes or put austerity measures in place in order to save the
United States.
It’s
Official: China Is The “Mystery” Daily Buyer Of Billions Of Euros Over the past
two weeks, we have been suggesting, tongue in cheekily, that despite the
relentless desires of everyone to sell the EUR, it has continued to drift
higher, due to some inexplicable force with bottomless pockets, which, after
some deductive logic, we assumed was China. It turns out we were correct.
New
Investment Strategy: Preparing for End Times Investment professionals have a
new pitch: The sky could soon be falling.
ECONOMIC CRISIS ARCHIVE
National / World
Unemployment:
No Extended Benefits For People Laid Off From Now On Arthur Delaney | Will not be
eligible for any of generous extended unemployment benefits layoff victims have
received from government since 2008.
Idiocy
Reigns Supreme Paul Craig Roberts | There is no freedom, no democracy, and no government accountability in
Amerika, a fascist state.
Top Obama Advisor: Homeland is “Primary” Focus of
Counterterrorism Activist Post | The
Huffington Post is reporting that the White House is set to release their new
counterterrorism strategy on the White House website.
Riot
police braced for violence as union protesters march in cities across the UK
and strike closes a third of all schools Riot police were put on standby
in anticipation of trouble in Central London, as anarchist group Black Bloc
threatened ‘a day of rage’ and 10,000 officers have had their leave cancelled.
Official:
U.S. drone strikes at Somali militants The airstrike makes Somalia at least
the sixth country where the U.S. is reportedly using drone aircraft to conduct
lethal attacks. The latest target: senior members of a militant group linked to
al-Qaeda. (Washington Post) [ It isn’t often I get a chance to commend military
action these days; but, I really hate somalians … Well done! … I’ll not forget
the way they paraded those 18 dead rangers on a peace mission around … If up to
me, I’d have made 18 square miles of Mogadisho one big cemetery / parking lot
(I’m not kidding!). Deaths of four Americans reflect increasing violence
of Somali piracy (Washington Post) [ Drudgereport: U.S.
Warship Tracking Yacht Hijacked by Somali Pirates... http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm . I do know that these somali pirates need killin’ and I further
believe that open season on them including using their boats in the water for
target practice makes sense and certainly is morally justified. I’m tired of
hearing about those little weasels … you know, ‘the skinnies’. ] VIDEO:
EU Naval Forces Fight Piracy off Somali Coast [ Yeah! With all their
nation-bankrupting, self-defeating, wasteful, adventuring, warring for no good
reason in Afghanistan, etc., I have been at a loss to understand why they are
not blasting the skinnies out of the water, along with bombing the
skinny-places of refuge! Milbank:
Progressives voice anger at Obama (Washington Post) [ Progressives? Is that all, Mr. ‘wobama
aficionado’, aka Mr. Milbank. How about the vast and overwhelming majority of
this nation, and add in the rest of the world to boot. Robinson:
Why does the Afghan war go on? (Washington Post) [ Well, there’s one person who minces no words
as to why: Drudgereport: FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... Minister
Farrakhan: “That’s A Murderer In The White House!” Minister
Farrakhan exposed the U.S. and NATO’s criminal War Libya and Africa during a
June 15, 2011 Press Conference at the UN Plaza Hotel. Then there are, beyond
the regional proximity to oil and an american induced resurgent poppy / heroin
production / trade (the Taliban had all but eradicated same). After all,
pervasively corrupt, defacto bankrupt america is into the illegal drug trade in
a very big way. Obama’s Drawdown Speech: More Orwellian Lies Kurt Nimmo | The U.S.
government has no intention of ending the war and bringing home all of the
troops. Obama:
Time for ‘nation building’ at home
‘Surge’
troops to be ordered home Departure plan
will remove 33,000 troops faster than Obama’s commanders requested but more
slowly than many of his political allies would like. (Washington Post) [ Well,
in a certain sense he’s chronologically correct … finish the job of destruction
at home … yeah … it’s true … they haven’t the slightest idea what they’re doing
and no matter what or where, pervasively corrupt, defacto bankrupt america’s
touch is an invariably destructive, negative touch (‘nation building’ the coy,
euphemistic phrase for what is in fact ‘nation destroying’, regardless of spin,
propaganda, and outright lies). Obama’s
task: Keep support for Afghan war The president’s prime-time address on
plans to gradually withdraw troops must remind a skeptical electorate and a
concerned Congress that the country’s longest war remains worth fighting — and
funding. (Washington Post) [ Obama’s task? Support for this nation’s
self-bankrupting Afghan (among other) war(s)? Geeh! Silly me! And all the while
I thought wobama’s task was to bring to fruition all those laudable campaign
promises; viz., jobs / economy not wars, prosecution of the frauds on wall
street responsible for the crisis, etc.. What a total fraud wobama is. America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
Though having but 5% of the world’s population, the u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and
personal testimony, an ex-Justice official who quit over the handling of a
voter intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t
think so! I do believe that both nations are regressively but nostalgically
trying bring the world back to failed geopolitical paradigms that made the 20th
century the bloodiest century, not coincidentally the american century
(obviously for israel the latter half century). Yet, such a conditioned psychopathic
approach to global matters has led them self-destructively, self-defeatingly,
and ineluctably to decline, fall, and as with dinosaurs, extinction, at least
in a manner of speaking. Global information exchange at lightning speed has
made such throwbacks to a lost era, propaganda, and maladaptive traits foolish
at best, deadly at worst. Intelligent people worldwide aren’t buying the
obsolete, Orwellian approach fostered by the purveyors of global unrest; viz.,
israel, america, Orwellian england, etc.; more specifically, diversion of the
masses from the glaring failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Relief
in Greece may be temporary Unless
negotiators agree to a long-term budget plan, it will be back to the brink by
the end of summer. (Washington Post) [
That’s an understatement. How ‘bout in ‘Terminator’ fashion they’ll be back by
the end of the summer regardless of the paper plan based on … more paper!
‘Greecin’ the skids, so to speak … for the frauds on wall street. The recurring
non-event that makes for great press purporting to be the main event. The new scam
/ sham to keep suckers suckered. I mean, look at the yet again end of month,
quarter, half window dressing based on nothing at all. The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed ! Foreclosure,
distressed sales up, at least on paper with contracts signed, so no surprise
nor reason to cheer here, as markets worldwide jump on the american crazy train
for a short-lived bounce as all problems remain. This is the same
month end (and quarter, half) spurt / window dressing based on b***s*** alone
to keep the suckers suckered and an especially great time to sell / take
profits since there’s much worse to come! Talk about milking the greek crisis
for the umpteenth time a so-called solution (and there are loads of greecy
scenarios worldwide … I don’t think so
and neither does Schaeffer who says: ‘…even once such a package is passed it
only buys time. Actually fixing the fiscal condition of Greece is not something
that can be solved in a matter of weeks, or even months… ‘ but it’s great press
for the churn and earn and to keep the suckers suckered. Technology rally? Defacto bankrupt american technology is
horrendous but great sizzle for the new fraud as in the dotcom bust days. Then
there’s the greasy b.s. new greecy b.s. factor. The rally into the
close and the previous so-called (4 day) ‘rally’ was based on b***s*** alone to
keep the suckers suckered and for ‘smarter money ‘ along with the frauds to
sell into. This is an especially great opportunity to sell / take profits while
you still can since there's much worse to come! Selling
In May Is Very Good Advice This Year
Harding Remember: Sell
in May and Go Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert
Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock
sales is telling. At 565 sells for every 1 buy, it’s never been
higher. Yes, it’s normal for insiders to be selling some of their stocks so
they can buy new yachts and some of this is pre-planned. But that ratio — which
has spiked recently — is extraordinarily high, one might even say
off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press” climaxed Sunday with a startling market prognostication
from David Brooks, conservative columnist for the NY Times . The risk of a debt default over the
combustible issue of the Medicare deficit hangs over the course of the stock
market. Buyers Beware!“I was up in Wall Street this week,” Brooks said.
“They’re vastly underestimating the source of piolitical risk here. We could
have a major problem, I think, either this summer or the next couple years. And
I’d be worried about investing too much in the market. That’s my financial
advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a
devastating long-term economic decline..’ ]
States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast turmoil and their wars to obfuscate and
divert attention from their failure. Davis ‘This is how we pay off our current debts and I think bondholders
are simply happy to get anything out of a country that admits it owes $15Tn
(1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in
the form of unfunded liabilities. The funniest thing about this (and you have
to laugh) is to see Conservative pundits get on TV and talk about how we need
to cut $100Bn worth of discretionary spending to "fix" this (while
continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1%
each year). There is no fixing this and even a Republican said you can’t fool
all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE
CAREFUL OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this
low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares
and pay dividends with what essentially is taxpayer money--
Moody's warns may downgrade U.S. muni debt ratings
Obama
strikes combative new tone The president sought to assert a commanding presence on
the issues defining his presidency. Milbank:
Obama fights back He was
uncharacteristically assertive in Wednesday’s presser. (Washington Post) [ Defining his presidency?
As with war criminal dumbya bush et als, define ‘failure’, and ‘eureka’!
‘Mission accomplished’! Fait accomplis! If only ‘wobama the b’ (for b***s***)
had done what he said (in his campaign) he was going to do, all would have been
different, including pervasively courrupt, defacto bankrupt america’s and now
the world’s now even more dire, dour prospects. Too little, too late for yet
another failed american presidency. . House
rejects Obama’s Libya policy Lawmakers vote down a measure that
would authorize mission, but stop short of cutting funding. (WP) [ Ah,
riiiiight! The worst of both worlds. ‘Cutting the baby in half’ probably their
most politically expedient solution to appeasing their respective ‘support
groups’. Though not the kind of group therapy support groups that immediately
come to mind, one laments the various elements of the pervasively corrupt u.s.
government are not receiving the kind of psychotherapy they need by way of
group therapy or otherwise. Speaking of
spending cuts, here’s one they ‘dare not do’:
House
votes down SEC budget hike Agency has been seeking a budget increase to keep pace
with its expanded responsibilities. (WP) [ No surprise here given the prior and
continuing defacto complicity in wall street’s enormous frauds. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
… Yet, one must ask what have they been doing and already getting paid for?
Roche 'The worst part of it ...Obama,
who vowed change, has done almost nothing to fix any of it and in fact
continues most of the policies that helped get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud ) …
I want just one person with courage enough to stand up and explain to all
that these huge commissionable computerized trading volumes like never before
are a net negative in a very big way … that’s a fact … that’s economic reality
in real terms! … Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees / contractors,
cia, all 3 branches of u.s. gov’t, etc., are included in this evolved american
trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How
‘bout both! I mean, come on! This catering to fraudulent wall street was a
loser ab initio! That so-called ‘wealth effect’ market froth was used
previously by senile ‘maestro’ greenspan and failed miserably except for the
frauds on wall street who commissioned up and down; and, make no mistake, those
computer-programmed high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably inflationary,
ultimately hyperinflationary, particularly for stocks; that ‘feel good’
obfuscation that was but in reality good only for the frauds on wall street.
No, there is no modern day alchemy that spins worthless paper into gold except
fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ] Milbank:
Progressives voice anger at Obama (Washington Post) [ Progressives? Is that all, Mr. ‘wobama
aficionado’, aka Mr. Milbank. How about the vast and overwhelming majority of
this nation, and add in the rest of the world to boot. Robinson:
Why does the Afghan war go on? (Washington Post) [ Well, there’s one person who minces no words
as to why: Drudgereport: FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... Minister
Farrakhan: “That’s A Murderer In The White House!” Minister
Farrakhan exposed the U.S. and NATO’s criminal War Libya and Africa during a
June 15, 2011 Press Conference at the UN Plaza Hotel. Then there are, beyond
the regional proximity to oil and an american induced resurgent poppy / heroin
production / trade (the Taliban had all but eradicated same). After all, pervasively
corrupt, defacto bankrupt america is into the illegal drug trade in a very big
way. Obama’s Drawdown Speech: More Orwellian Lies Kurt Nimmo | The U.S.
government has no intention of ending the war and bringing home all of the
troops. Obama:
Time for ‘nation building’ at home
‘Surge’
troops to be ordered home Departure plan
will remove 33,000 troops faster than Obama’s commanders requested but more
slowly than many of his political allies would like. (Washington Post) [ Well,
in a certain sense he’s chronologically correct … finish the job of destruction
at home … yeah … it’s true … they haven’t the slightest idea what they’re doing
and no matter what or where, pervasively corrupt, defacto bankrupt america’s
touch is an invariably destructive, negative touch (‘nation building’ the coy,
euphemistic phrase for what is in fact ‘nation destroying’, regardless of spin,
propaganda, and outright lies). Obama’s
task: Keep support for Afghan war The president’s prime-time address on
plans to gradually withdraw troops must remind a skeptical electorate and a
concerned Congress that the country’s longest war remains worth fighting — and
funding. (Washington Post) [ Obama’s task? Support for this nation’s
self-bankrupting Afghan (among other) war(s)? Geeh! Silly me! And all the while
I thought wobama’s task was to bring to fruition all those laudable campaign
promises; viz., jobs / economy not wars, prosecution of the frauds on wall
street responsible for the crisis, etc.. What a total fraud wobama is. Inflation Expectations Are Heating Up
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Kick
the can (Washington Post) [ I totally agree with Mr. Robinson; namely, they all
need a kick in the can … you know, that ‘washington establishment’ that have
failed all so miserably. Well, I know that’s not what he really meant. But, ‘do
no harm’? Methinks it’s too little, too late no matter what they do to avoid
that! Market Crash
6/30/11?Technical indicators suggest market collapse may begin by June 30th
Dennis Slothower is one of the world’s leading technical analysts. He’s one of
the few advisors whose readers completely avoided ALL losses during the
disaster that was 2008. And now he’s issuing another dire warning. His
technical indicators suggest that the market manipulation we’ve seen over the
last several months is about to come to an end…and that means thousands of
investors are about to get clobbered. This correction could begin as soon
as June 30th – so it’s important that you take action now to prepare yourself.
StealthStocksOnline.com
JFK
{Platoon , Wall Street , Natural Born Killers , W. , Wall Street: Money Never Sleeps } [ And yes; I also
believe there’s been a coup d’etat in pervasively corrupt, defacto bankrupt,
banana republic america, gunboat diplomacy, plundering the treasury, and all! ] [I saw ‘JFK’ for the first time today and
must say, though preoccupied at the time (1992) with other things (RICO and
consequent substantial pressure from various nefarious elements, mob,
mob-connected / controlled, corrupt government-state,local,federal, etc.. ) I
was ‘hoodwinked’ by mainstream media critics who for the most’ ho-hummed’ the
film as more of the same conspiracy stuff the factual basis for which I was
already familiar with; and hence, disinclined to make any significant effort to
view same. Boy, were they and derivatively I wrong! I am totally astounded by
the insightful documentation in this film, so masterfully presented in
cinematic form. If at all, Stone seemed shy about presenting even reasonable
inferences from facts so strictly set forth. By leading with actual speech
footage from who I believe to have been america’s last great president /
leader, the substantially underrated President General Eisenhower who warned of
the dangers inherent to the military / industrial complex, Stone set the tone
for what I believe to have been the most courageous and significant warning of
the current national and global crises confronting the nation and world today
and the reasons therefore (his negative exposés of wall street, inherent
american criminality, W, etc., complement and support his theme while revealing
his wide range, wisdom, and talent). (I must say that I liked Ronald Reagan, as
I’ve previously said I like Robert Redford, as being very likeable guys - I’m
also conservative, but not to a fault – his rational approach and results with
Gorbachev were his most significant accomplishments. Parenthetically and
coincidentally, I also saw for the first time this same day, Reagan in ‘Bedtime
for Bonzo’; and, I was shocked that it was better than I could have possibly
imagined and hardly the stuff warranting the mocking he got for same on the
political trail … do you think it was just a foreboding of the nation’s current
predicament with ‘wobama the b’ (for b***s***); and yes, I do have that
‘birther wobama family portrait’ on my website front page http://albertpeia.com . In sum, the inherently criminal behaviors
of americans as depicted are all too real and an auspicious sign indicative of
corruption across the board and through all levels of u.s. government. In light
thereof, I’m compelled to wonder as previously set forth and infra, whether my
trust in and affinity for the FBI will have been ultimately proven to have been
contraindicated in fact and reality; and hence, as I ponder, a maladaptive
personal trait / flaw. Stated another way, should having then done the deal
with the mob for the money despite personal ethics and oath militating against
same have been the correct choice in pervasively corrupt america. It certainly
up to this point would have been the most expedient, efficacious, and adaptive
choice in pervasively corrupt, inherently criminal america. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]
The purported
leaders today; compromised, cowardly, criminal puppets all, the story of
pervasively corrupt, defacto bankrupt america today.
October 15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez, Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3 copies of the within DVD rom autorun disk (which will
open in your computer’s browser) as per your office’s request as made this day
(the disk and contents have been scanned by Avast, McAfee, and Norton which
I’ve installed on my computer to prevent viral attacks / infection and are
without threat). I also include 1 copy of the DVD as filed with the subject
court as referenced therein (which files are also included on the aforesaid 3
disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as
you’re aware, the RICO Act is a criminal statute which provides a civil remedy,
including treble damages and attorney fees, as an incentive for private
prosecution of said claims probably owing to the fact that the USDOJ seems
somewhat overwhelmed and in need of such assistance given the seriousness and
prevalence of said violations of law which have a corrupting influence on the process,
and which corruption is pervasive). A grievance complaint against Coan was also
filed concurrently with the subject action and held in abeyance pending
resolution of the action which was illegally dismissed without any supporting
law and in contravention of the Order of The Honorable Robert N. Chatigny,
Chief Judge, USDC, District Connecticut. The files below the horizontal rule
are the referenced documents as filed. (Owing to the damage to the financial
interests of both the U.S. and the District of Congresswoman Roybal-Allard,
viz., Los Angeles, the Qui Tam provisions of the Federal False Claims Act
probably would apply and I would absent resolution seek to refer the within to
a firm with expertise in that area of the law with which I am not familiar) .
The document in 5 pages under penalty of
perjury I was asked to forward to the FBI office in New Haven is probably the
best and most concise summary of the case
RICO Summary to FBI Under Penalty
of Perjury at Their Request (5 pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I received from the Congresswoman by way of email
attachment (apparent but typical problem with my mail) along with my response
thereto is included on the 3 disks as
fbicorrespondencereyes.htm .
With regard to the calls to the FBI’s LA and New Haven, CT offices:
There was one call to the LA office and I was referred to the Long Beach, CA
office where I personally met with FBI Agent Jeff Hayes to whom I gave
probative evidentiary documents of the money laundering which he confirmed as
indicative of same (he was transferred from said office within approximately a
month of said meeting and his location was not disclosed to me upon inquiry).
The matter was assigned to FBI Agent Ron Barndollar and we remained in touch
for in excess of a decade until he abruptly retired (our last conversation
prior to his retirement related to the case and parenthetically, Rudy Giuliani
whose father I stated had been an enforcer for the mob to which he registered
disbelief and requested I prove it, which I did – he served 12 years in prison,
aggravated assault/manslaughter? – and no, there is no Chinese wall of
separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction to the statement in said correspondence, there is a
plethora of information including evidence supporting the claims set forth in
the RICO VERIFIED COMPLAINT (see infra). Such includes and as set
forth in the case, inter alia,
A judgment
had been entered in my favor in the case, United States District Court
Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in
excess of $300,000 remains unaccounted for and which could be used for
payment to creditors, Los Angeles, etc.. Counsel
Robert Sullivan on my behalf documented by way of certification upon
investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon
which false statement he predicated a retaliatory and spurious contempt
proceeding against me causing substantial damage, and for which he sought
Judicial Notice of those and related proceedings as did I in some of my
filings. The Order
of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant
Coan’s failure to file anything whatsoever by the court’s deadline causing
creditors and me substantial damages:
[ Shiff Order of Dismissal
With Prejudice on Coan’s Failure to File Page 1 Page 2 ]Defendant
Coan had filed an action against me to prevent me from suing him which
necessitated me to fly to Connecticut for a hearing before The Honorable
Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied
Coan’s requested relief as to Coan but precluded my action against Shiff
(although there is no immunity, judicial or otherwise, for criminal acts,
ie., fraud connected with a case under Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ]Newly
appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned
the RICO case despite the conflict of interest in light of hundreds of
thousands of dollars of illegal (drug) money being laundered through the
Trump casinos by the RICO defendants, and despite my motion to recuse her
which motion she heard herself and denied, and U.S. Trustee Hugh Leonard
with whom I met personally refused to join or file a separate motion to
recuse and not long thereafter left said office for private practice at
Cole, Shotz, et als on retainer with the RICO defendants as his primary
client.
Probative
and evidentiary documents, affidavits, exhibits, including those turned
over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to
Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the
U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was
U.S. Attorney, and went over said documents and their probative value with
him. Within approximately a month thereafter upon inquiry I was told that
Jonathon Lacey was no longer with the office, that the file/documents
could not be located, and that there was no further information available
concerning contacting him or his location. I thereupon delivered by hand,
copies of said documents to the office of then U.S. Attorney Alito,
addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one
mob case he had brought, bungled, lost (accidently on purpose?) since I
was suing some mob-connected under RICO and the court (I had known /
previously met outside of court the judge Ackerman through a client) was
absolute bedlam and a total joke since incompetent corrupt Alito brought
in all 20 mob defendants (rather than prosecute one or a few to flip them
first) who feigning illness had beds/cots in the courtroom along with
their moans during testimony and had the jury in stitches. As much as I
hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe
corrupt because he is inept). After a reasonable (but still rather short)
time I called to determine the status and was told that Alito was no
longer with the Office of the U.S. Attorney, that he was (appointed) a
federal judge, and that neither the documents nor any file or record of
same could be located. Alito did parley the same / cover-up into quid pro
quo direct lifetime appointment to the Court of Appeals, 3rd circuit,
despite the absence of judicial experience or successful tenure as U.S.
Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that
now sits on the purported highest court in the land. The real application
of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety
coverage and neither LA, nor creditors, nor I should continue to have been
damaged by this brazened corrupt and illegal scenario, which should be resolved
in accordance with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5 th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but
there are unresolved problems with the line, computer connection may be the
reason but I hesitate to chance greater non-performance / worsening by their
‘fix’ so cell phone best for contact).
----------
*The foregoing and as indicated therein was previously send 9-14-10 but
delivery confirmation was flawed as set forth below and my inquiries to the
u.s. postal service rebuffed (I believe tampered with inasmuch as your office
could not locate same). This cover letter (9-13-10) is on the 3 disks with
navigable hyperlinks to the subject files for ease of reference, including the
files in the RICO action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC
Secretary, who indicates once again that your office has not received the
aforesaid and which can reasonably be presumed to have been tampered with, and
hence, a violation of the federal statute concerning same. (Ultimately
delivered by UPS) ]
FBI
trouble after Bulger’s capture?
The crime boss is said to have boasted of corrupting agents. If he
talks, some could live to regret it. (Washington Post) [ Wow! I knew the
northeast generally, jersey / new york particularly in terms of mob infestation
/ infiltration / control, and the unique status of virginia in terms of
government (cia / military, all three branches in support thereof) involvement
in the illegal drug trade, etc., connecticut and california derivatively
thereby; but I’m now wondering about the stonewalling across the board
regarding the RICO matters [ I personally trust the FBI, and to be truthful,
really have no choice but to do so; moreover, I personally like the FBI … I
hope that’s not been a mistake and ultimately a personal flaw, respectively,
since it is the liars (sic lawyers, ie., in the DOJ, etc.) who’ve been
invariably the corrupting, corrupt, corruptible agents, including judicially and
otherwise ]. : http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm . Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen america.
Indeed, the scenario typifies that national drain / sinkhole new york (new york
/ new jersey metro) where, for example, FBI informants were routinely exposed
by ‘italians’ in the new york d.a.’s office over the objection of the FBI, and
were promptly ‘dispatched’/assassinated / hit by mafia / organized crime [ this
was documented with authority in the book ‘Goombata: The Improbable Rise and
Fall of John Gotti and His Gang’ Cummings /
Volkman Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and
personal testimony, an ex-Justice official who quit over the handling of a
voter intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality http://albertpeia.com/grimreality.htm Mob
boss brought back to Boston; will he sing? DENISE LAVOIE BOSTON (AP) — James "Whitey"
Bulger's capture could cause a world of trouble inside the FBI.
The ruthless Boston crime boss who spent 16 years on the
lam is said to have boasted that he corrupted six FBI agents and more than 20
police officers. If he decides to talk, some of them could rue the day he was
caught.
"They are holding their breath, wondering what he
could say," said Robert Fitzpatrick, the former second-in-command of the
Boston FBI office.
The 81-year-old gangster was captured Wednesday in Santa
Monica, Calif., where he apparently had been living for most of the time he was
a fugitive. He appeared Friday afternoon inside a heavily guarded federal
courthouse in Boston to answer for his role in 19 murders.
Bulger, wearing jeans and a white shirt, looked tan and
fit and walked with a slight hunch at back-to-back hearings on two indictments.
He asked that a public defender be appointed to represent him, but the
government objected, citing the $800,000 seized from his Southern California
apartment and his "family resources."
"We think he has access to more cash," said
prosecutor Brian Kelly.
At the second hearing, Bulger took a swipe at prosecutors
after Magistrate Judge Marianne Bowler asked him if he could afford to pay for
an attorney.
"Well, I could, if they would give me my money
back," he replied in his unmistakable Boston accent, prompting laughter in
the courtroom.
Kelly implied that Bulger's cash came from illegal
activities.
"He clearly didn't make that on a paper route on
Santa Monica Boulevard," he said.
Prosecutors asked that Bulger be held without bail,
saying he is danger to the community and may try to threaten witnesses.
"He's also, quite obviously, a risk of flight,"
Kelly said.
Kelly also said Catherine Greig, Bulger's longtime
girlfriend who was arrested with him, told court officials that Bulger's
brother may be willing to assist him in posting bail.
Bulger did not ask for a detention hearing, but his
lawyer said he may later make an argument that Bulger should be released on
bail while awaiting trial.
The amount of money found in Bulger's apartment confirmed
a longheld belief by investigators that he kept large stashes of cash for a
life on the run.
"We clearly don't think this is his last
stash," Kelly said.
When Bulger walked into the courtroom, he saw his brother
William, the former powerful leader of the state Senate, seated in the second
row. Whitey Bulger smiled at him and mouthed, "Hi." His brother
smiled back.
Greig appeared in court a few minutes later on charges of
harboring a fugitive. She asked for a hearing to determine whether she can be
released on bail, and one was scheduled for next week.
Bulger, the former boss of the Winter Hill Gang, Boston's
Irish mob, embroiled the FBI in scandal after he disappeared in 1995. It turned
out that Bulger had been an FBI informant for two decades, feeding the bureau
information on the rival New England Mafia, and that he fled after a retired
Boston FBI agent tipped him off that he was about to be indicted.
The retired agent, John Connolly Jr., was sent to prison
for protecting Bulger. The FBI depicted Connolly as a rogue agent, but Bulger
associates described more widespread corruption in testimony at Connolly's
trial and in lawsuits filed by the families of people allegedly killed by
Bulger and his gang.
Kevin Weeks, Bulger's right-hand man, said the crime lord
stuffed envelopes with cash for law enforcement officers at holiday time.
"He used to say that Christmas was for cops and kids," Weeks
testified.
After a series of hearings in the late 1990s, U.S.
District Judge Mark Wolf found that more than a dozen FBI agents had broken the
law or violated FBI regulations.
Among them was Connolly's former supervisor, John Morris,
who admitted he took about $7,000 in bribes and a case of expensive wine from
Bulger and henchman Stephen "The Rifleman" Flemmi. Morris testified under
a grant of immunity.
In addition, Richard Schneiderhan, a former Massachusetts
state police lieutenant, was convicted of obstruction of justice and conspiracy
for warning a Bulger associate that the FBI had wiretapped the phones of
Bulger's brothers.
Edward J. MacKenzie Jr., a former drug dealer and
enforcer for Bulger, predicted that Bulger will disclose new details about FBI
corruption and how agents protected him for so long.
"Whitey was no fool. He knew he would get caught. I
think he'll have more fun pulling all those skeletons out of the closet,"
MacKenzie said. "I think he'll start talking and he'll start taking people
down."
A spokesman for the Boston FBI did not return calls
seeking comment. In the past, the agency has said that a new generation of
agents has replaced most or all of the agents who worked in the Boston office
while Bulger was an informant.
A law enforcement official who requested anonymity
because of the ongoing investigation told The Associated Press on Friday that
FBI agents lured Bulger out of his., apartment earlier this week by telling him
someone had broken into his on-site storage unit. The official said Bulger
walked out of the apartment, was arrested without incident and consented to a
search of the premises.
Some law enforcement officials said they doubt Bulger
will try to cut a deal with prosecutors by exposing corruption, in part because
he will almost certainly be asked to reveal what contact he had with his
brothers while he was a fugitive and whether they helped him in any way.
"If Bulger talks, he would have to talk about his
brothers, and I can't see that happening, said retired state police Detective
Lt. Bob Long, who investigated Bulger in the 1970s and '80s."They are not
going to take selective information from him — it's either full and complete
cooperation or nothing."
Criminal defense attorney and former Drug Enforcement
Administration agent Raymond Mansolillo said Bulger may not have any incentive
to talk. "The FBI may say, 'You're going to jail or you're going to be
killed. We're not offering you anything,'" said Mansolillo, who once
represented New England crime figure Luigi "Baby Shacks" Manocchio.
But retired Massachusetts state police Maj. Tom Duffy,
one of the lead investigators in the Bulger case, said Bulger may agree to talk
if he thinks it could help his girlfriend.
"It's very possible he's concerned about her
well-being — she was with him for 16 years and was very loyal to him,"
Duffy said. "That may be a bargaining chip for the government during negotiations."
The question of whether Bulger will be given a public
defender will be decided later. A hearing was scheduled for Tuesday. He did not
enter a plea.
Bulger is "looking forward to facing the charges
against him," said Peter Krupp, a lawyer assigned to represent Bulger for
purposes of Friday's hearing only.
Among the onlookers at the courthouse was Margaret
Chaberek, who grew up in Bulger's home turf of South Boston. "I'm here to
see him get what he deserves," she said.
Ina Corcoran of suburban Braintree came on her day off to
witness a piece of history and sat on a bench outside the fifth-floor
courtroom, saying it was like being there to see Al Capone.
"If you could go back in time to be in that
courtroom, wouldn't you?" she said.
___
Associated Press writers Johanna Kaiser, Laura Crimaldi
in Providence, R.I., Curt Anderson in Miami and Greg Risling in Los Angeles
contributed to this report.’
Trail
to bin Laden began with phone call (Washington Post) [ It’s truly difficult not to like Mr. Woodward or not
to receive well anything he reports on. After all, having been played on the
big screen by extremely likeable Robert Redford, I’m constrained to say I
myself am predisposed to liking Mr. Woodward (Hoffman/Bernstein – not so much)
and being thusly more receptive to what he has to say (that ‘transfer aspect’
of ‘propaganda’ which I was fortunate to have studied in sixth grade, the
advanced reading group, courtesy of James Bresnahan, undoubtedly the best
teacher I’ve ever had, grade for grade – he treated young people as more than
just kids, with exposure to the great classics, classical music, slides and
insights from his wide-ranging world travels, etc.). This is not to say Mr.
Woodward should in any way be diminished inasmuch as his substantial
journalistic credentials and contributions speak for themselves (particularly
his recent piece, at great peril I believe, on the ubiquity of high level
security clearances in the Washington metro area). Moreover, his contributions
are invariably a welcomed positive for the great paper, The Washington Post.
Yet, Mr. Woodward was a ‘navy man’, after all; and, I can’t help but think,
with all the scripted, staged hoopla surrounding the Bin Laden affair, his
‘gorge rises at it’. Indeed, 911 itself; that ‘pearl harbor event’ so sought by
the neo-cons / war mongerers still defies explanation (ie., the ‘stand-down
order’, symmetrical implosions, foreknowledge by some {who conveniently ‘missed
the party’ that day}, etc.. Some links, echoing the unbelief akin to the
‘Jessica Lynch’, Tillman, etc., affairs
follow. Additionally, people must remain attuned to the reality that though having but 5% of the world’s population, america
can boast 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg . Defacto
bankrupt, fraudulent america also spends more on military spending than all the
nations of the world combined... federal employees / contractors, cia, all 3
branches of the u.s. government, etc., are included in this evolved american
trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ], and the highest crime rates in the world by far. That perverse field of
dreams I’ve previously alluded to, the american nightmare, if you build /
contrive war, they will come. And, they do; seals of them (among others); and
when their ‘tours’ are done, it’s murder inc./contract killing for hire that
they’ve won (cia, mob, etc.). The 20th century, the ‘bloodiest century’, not
coincidentally referred to as the american century, brings longings of
nostalgia to american criminals who, like Pavlov’s dogs salivate at the prospect of killing, raping, pillaging, and plundering
which primitive mindset they have mistakenly been conditioned to connect to their
now irretrievably lost success as a nation state, and to the contrary, has
become globally and domestically self-destructive / self-defeating. In so short
a period of time, it is unlikely that Mr. Woodward could do an incisive
investigative piece as he’s become famed for; nor could he reasonably be
expected to have done so given the ‘breaking nature’ of the story. The entire
911 / Bin Laden scenario just doesn’t pass the smell test and reeks of
political desperation and Orwellian opportunism. Uncharacteristically, and
somewhat disingenuously, I’m not going to read Mr. Woodward’s article so that I
can continue to like Bob Woodward Redford.]
Here’s
Why Pending Home Sales Skyrocketed in May Wall St. Cheat
Sheet[Foreclosure, distressed sales up, at least on paper, from contracts
signed!]
The Real Reason Behind This Rally - How High Will It Go? ETFguide Simon Maierhofer,
On Wednesday June 29, 2011 ‘ If you've read any
of my articles before, you know that I have a mini obsession with reading
(and quoting) headlines. As a contrarian, I always like to have a pulse on the
media's outlook because it can provide valuable contrarian clues.
Here are some of the headlines featured
last week:
'Greek default could trigger chain reaction' - AP
'Why Wall Street still says buy, and you shouldn't' - AP
'Is the bull market over?' - Barrons.com
Interestingly, the Barrons.com article commented that: 'A
look at four different sentiment measures suggests that more pain may await
investors.'
I looked at similar sentiment measures and my conclusion
was just the opposite.
Bearish Sentiment Extremes
By last Thursday (June 16) the market had recorded a
number of bearish sentiment extremes. The most notable was the CBOE Equity
Put/Call Ratio, which spiked to the highest level since early 2009.
Bullish sentiment captured by the AAII and II polls had
also dropped significantly. In fact, the percentage of bullish advisors and
investors was almost as low last week as it was in the summer of 2010 when the
S&P was just barely above 1,000.
The VIX (Chicago Options: ^VIX) was the only sentiment
gauge that wasn't in dangerous territory. However, the VIX set up to trigger a
buy signal for stocks on Wednesday (June 15).
The chart below featured last week by the ETF Profit
Strategy Newsletter on June 17, neatly summarizes the various sentiment
indicators. The Newsletter's simple conclusion was that: 'Things might be so
bad, it's actually good.'
http://www.etfguide.com//contributor/UserFiles/8/Image/vital%20signs%20july%20yahoo.gif
Support Levels
Sentiment gauges are valuable, but basing decisions
merely on sentiment can be dangerous. For that reason, the ETF Profit Strategy
Newsletter always looks at structurally important support/resistance levels.
Here are some of them mentioned in Wednesday's (June 15)
Profit Strategy update:
1) A trend line originating at the March 2009 low 2)
Fibonacci support 3) March 16, 2011 low 4) 200-day moving average 5) Weekly
pivot support
All this support was clustered between S&P (SNP:
^GSPC) 1,259 - 1,245, and the Newsletter recommended to close out short
positions (established when the S&P reached the Newsletter's upside target
at 1,369) and leg into long positions as soon as the S&P entered this range.
It did so on Thursday, June 16.
Bullish Dow Theory Non-Confirmation
In the week of June 13, The Dow Jones Industrial Average
(DJI: ^DJI) dropped to a new 3-month low on Wednesday (June 15), while the Dow
Jones Transportation Average (NYSEArca: IYT - News ) recorded its low
previously on Monday (June 13). According to Dow Theory, this is bullish as
long as the Dow Jones Transportation Average does not fall below 5,043.21 and
not close below 5,072.58.
Another bullish non-confirmation was found between the
DJIA (NYSEArca: DIA - News ) and the S&P 500 (NYSEArca: VOO - News ), Russell 2000
(NYSEArca: IWM - News ), Nasdaq Composite (Nasdaq: ^IXIC), and
Nasdaq-100 (Nasdaq: QQQ - News ). The senior DJIA was the only major index
that did not fall to a new low on Thursday (June 16).
How High Will it Go?
The key question now is whether this rally is merely a
bounce within a new bear market or an attempt to reach new highs. The
assessment made on June 15 was that: 'The current trading range is seen to be
between 1,250 - 1,300.'…’ [ This is but a bounce in a secular bear market based
on b***s*** alone! ]
Population bomb: 9 billion march to WWIII Paul B. Farrell
How much will our wars cost? Report says $4 trillion
Farage:
Arab Spring Could Lead to “Mediterranean Summer of Discontent” BBC News | “It doesn’t
matter how much money you throw at it… the fact is that Greece is going bust,”
he told MEPs.
EU
president Van Rompuy fear-mongers global economic ruin if Greek austerity vote
fails AFP | Brussels told Greece that no “Plan B”
would be waiting if it failed to pass the measures demanded.
Meet The
IMF’s New Leader, Christine Lagarde NPR | France’s
finance minister secured the top job at the IMF.
Austerity
Riots – A Glimpse Of America’s Future? Are the austerity protests and riots happening in Greece right now a
glimpse of America’s future? The truth is that both nations are absolutely
drowning in debt.
The day in 2011 that will change your life (Stansberry) http://www.stansberryresearch.com/pro/1011PSIEND49/LPSILC42/PR
U.S.
cost of war at least $3.7 trillion and counting The final bill will run at least $3.7 trillion and could
reach as high as $4.4 trillion, according to the research project “Costs of
War” by Brown University’s Watson Institute for International Studies.
Gold
Rises As Greek Parliament Approves Austerity Gold traded higher for a second day on word that the government of Greece
will accept austerity measures despite the overwhelming rejection of the IMF
and EU plan by the Greek people.
Obama
Pushing U.S. To Economic Disaster: Google Founder The eccentric and frugal billionaire college professor
who helped Sergey Brin and Larry Brin develop Google has warned that US
President Barack Obama is pushing the U.S. towards a path of economic disaster.
Afghanistan
Central Bank Head Flees To US In what may be the most prophetic news of the day, we learn that the head
of Afghanistan’s central bank, Abdul Fitrat (what an oddly appropriate name for
a central banker), has escaped the country, emigrated to the US and “isn’t
expected to return.
Bank
of America close to $8.5B deal Bank could announce a settlement today
involving claims it sold investors poor-quality securities. (Washington Post) [ Great deal, for them as
for the big frauds on wall street who’ve cashed out worthless / toxic / assets
/ paper at ‘mark to anything’ (congressional FASB rule change help) and QE etc.
(fed help - Dave's
Daily 'If you can
keep interest rates this low this long, its inevitable cheap financing can
allow companies to start cobbling each other up. Further Ben's policies allow
companies like IBM to sell bonds at 1% and buy back shares with the proceeds
(total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money--). House
rejects Obama’s Libya policy Lawmakers vote down a measure that
would authorize mission, but stop short of cutting funding. (Washington Post) [
Ah, riiiiight! The worst of both worlds. ‘Cutting the baby in half’ probably their
most politically expedient solution to appeasing their respective ‘support
groups’. Though not the kind of group therapy support groups that immediately
come to mind, one laments the various elements of the pervasively corrupt u.s.
government are not receiving the kind of psychotherapy they need by way of
group therapy or otherwise. Speaking of
spending cuts, here’s one they ‘dare not do’:
House
votes down SEC budget hike Agency has been seeking a budget increase to keep pace
with its expanded responsibilities. (Washington Post) [ No surprise here given
the prior and continuing defacto complicity in wall street’s enormous frauds. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
… Yet, one must ask what have they been doing and already getting paid for?
Roche 'The worst part of it ...Obama,
who vowed change, has done almost nothing to fix any of it and in fact
continues most of the policies that helped get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud ) …
I want just one person with courage enough to stand up and explain to all
that these huge commissionable computerized trading volumes like never before
are a net negative in a very big way … that’s a fact … that’s economic reality
in real terms! … Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
A
debt ceiling leadership failure On Leadership | Congress’s failure to
fix the budget deficit is due to fundamental differences of opinion on the role
of government. U.S.
consumer confidence unexpectedly (but realistically – and not because of the
budget stalemate) falls (Washington
Post) [Davis ‘This is how we pay off our current debts and I
think bondholders are simply happy to get anything out of a country that admits
it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire
global GDP) in the form of unfunded liabilities. The funniest thing about this
(and you have to laugh) is to see Conservative pundits get on TV and talk about
how we need to cut $100Bn worth of discretionary spending to "fix"
this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for
the top 1% each year). There is no fixing this and even a Republican said you
can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS
– PLEASE BE CAREFUL OUT THERE! ‘ President
enters the debt talks Obama hosts sitdowns as leaders remain divided over
spending reductions and tax increases. (Washington Post) [ Oooooh! The big gun
has arrived, with the biggest gun, Mr. Teleprompter just a hot line away. Come
on! Let’s get real! What does wobama the b (for b***s***) know that any of
these other fellow nincompoops don’t; particularly about economics / finance,
even compared to ‘Lobotomy Joe’. Market Crash 6/30/11?Technical indicators suggest market collapse may
begin by June 30th Dennis Slothower is one of the world’s leading technical
analysts. He’s one of the few advisors whose readers completely avoided ALL
losses during the disaster that was 2008. And now he’s issuing another dire
warning. His technical indicators suggest that the market manipulation we’ve
seen over the last several months is about to come to an end…and that means
thousands of investors are about to get clobbered. This correction could begin
as soon as June 30th – so it’s important that you take action now to prepare yourself.
StealthStocksOnline.com [ Oooooh! Bring
in the big guns; viz., ‘wobama the b’ (for b***s***) … sounds like a plan!
After all, ultimately it’s Mr. Teleprompter who’ll have the final say; and, it
seems like wobama’s got a lock on that ‘relationship with Mr. T; you know,
‘pecking order’ kinds of stuff … Then begs the question: Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ]
Pawlenty
emerges as hawk in GOP field Candidate criticizes Obama,
Clinton and GOP for views on the continuing uncertainty in the Middle East. (Washington Post) [ Pawlenty? Pawlenty
crazy! Plenty crazy! Pawlenty is plenty crazy! Pawlenty is crazy! This is an
eminently reasonable inference. After all, jive-talkin’ wobama the b (for
b***s***)’s ‘got rythym’ so as per the song, ‘who could ask for anything more’.
Indeed, contrary to campaign promises, he’s given the military industrial
complex all they’ve asked for and more so ‘who could ask for anything more’.
But they do, ask for more, war. In fact, more, as in ever more worthless,
debased paper dollars that haven’t even been printed yet. More, as in enough to
make mor … on, war criminal bush look like a piker. More … bankrupt though
though this pervasively corrupt nation’s already defacto bankrupt. Though lost
on Washington, rationality counts. Numbers count. Reality counts. The pandering
man without a message, pawlenty, plenty, crazy! … Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t
think so! I do believe that both nations are regressively but nostalgically
trying bring the world back to failed geopolitical paradigms that made the 20th
century the bloodiest century, not coincidentally the american century
(obviously for israel the latter half century). Yet, such a conditioned
psychopathic approach to global matters has led them self-destructively,
self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs,
extinction, at least in a manner of speaking. Global information exchange at
lightning speed has made such throwbacks to a lost era, propaganda, and
maladaptive traits foolish at best, deadly at worst. Intelligent people
worldwide aren’t buying the obsolete, Orwellian approach fostered by the
purveyors of global unrest; viz., israel, america, Orwellian england, etc.;
more specifically, diversion of the masses from the glaring failures of
leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has
promised to hold Wall Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
New
IMF chief faces immediate tests Lagarde faces immediate tests in
Greece, as well as a longer-range commitment to giving developing nations more
power within the IMF.(Washington Post) [ Test number 1: Can she count? Yes, a
simple math test. Test number 2: Has
she lost touch with reality? Yes, a simple psychological test determinative of
whether she’s lost touch with reality. If, unlike her american ‘counterparts
along with no-recession-helicopter-ben-bs-bernanke’, she passes tests 1 and 2,
she then qualifies to undergo tests for competence in economics, finance, law
which thus far have been absent from both discourse and action. House
rejects Obama’s Libya policy Lawmakers vote down a measure that
would authorize mission, but stop short of cutting funding. (Washington Post) [
Ah, riiiiight! The worst of both worlds. ‘Cutting the baby in half’ probably
their most politically expedient solution to appeasing their respective
‘support groups’. Though not the kind of group therapy support groups that
immediately come to mind, one laments the various elements of the pervasively
corrupt u.s. government are not receiving the kind of psychotherapy they need
by way of group therapy or otherwise.
Speaking of spending cuts, here’s one they ‘dare not do’: House
votes down SEC budget hike Agency has been seeking a budget increase to keep pace
with its expanded responsibilities. (Washington Post) [ No surprise here given
the prior and continuing defacto complicity in wall street’s enormous frauds. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
… Yet, one must ask what have they been doing and already getting paid for?
Roche 'The worst part of it ...Obama,
who vowed change, has done almost nothing to fix any of it and in fact
continues most of the policies that helped get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud ) …
I want just one person with courage enough to stand up and explain to all
that these huge commissionable computerized trading volumes like never before
are a net negative in a very big way … that’s a fact … that’s economic reality
in real terms! … Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How
‘bout both! I mean, come on! This catering to fraudulent wall street was a
loser ab initio! That so-called ‘wealth effect’ market froth was used
previously by senile ‘maestro’ greenspan and failed miserably except for the
frauds on wall street who commissioned up and down; and, make no mistake, those
computer-programmed high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ] In his June 7
speech, Fed Chairman Ben Bernanke stated, “the best way for the Federal Reserve
to support the fundamental value of the dollar in the medium term is to pursue
our dual mandate of maximum employment and price stability, and we will
certainly do that.”
.. Bernanke’s results .. since Ben took the reins:
Feb ’06 – April ’11
Items in a Typical Budget
% Change
Food and Beverages
16.54%
Water and sewer and trash collection
services
31.88%
Rent of primary residence
13.82%
Housing
8.68%
Fuels and Utilities
11.93%
Apparel
4.83%
Medical Care
20.11%
Gasoline (all types)
65.12%
Transportation
23.36%
Tuition, other school fees, and
childcare
29.28%
Recreation
2.87%
.. The standard unemployment rate most often
used by the Fed is currently at 9.1%, up 90% since Bernanke started. The
more inclusive (realistic) U6 number stands at 15.8%, up 75% in the same
period. The Civilian Participation Rate has declined 2.87% to 64.2%.
This is the lowest level the U.S. has seen since March,
1984. The decline amounts to 8,946,844 fewer Americans in the labor
force. Had they not dropped out because of a lack of jobs, the “official”
unemployment rate would be significantly higher. While we can debate the
meaning of the term maximum employment, it is clear that the jobs data has
deteriorated considerably since Bernanke took the reins at the Fed. ..
In conclusion, it is evident that Ben Bernanke is failing
his mandates. We believe it must come down to one of the following
reasons:
1. Bernanke does not
know how to achieve his mandates;
2. The policy tools
employed don’t work;
3. He does not have
the ability to implement policies that would work;
4. He is not trying
to achieve his mandates;
5. He has goals other
than his legal mandates;
6. He does not look
at the data, and believes he is succeeding.
Matt Marcewicz & Robert Barone, Ph.D.
.. ‘ Inflation Expectations Are Heating Up
Market Crash 6/30/11?Technical indicators suggest
market collapse may begin by June 30th Dennis Slothower is one of the world’s
leading technical analysts. He’s one of the few advisors whose readers
completely avoided ALL losses during the disaster that was 2008. And now he’s
issuing another dire warning. His technical indicators suggest that the market
manipulation we’ve seen over the last several months is about to come to an
end…and that means thousands of investors are about to get clobbered. This
correction could begin as soon as June 30th – so it’s important that you take
action now to prepare yourself. StealthStocksOnline.com
National / World
Mayor Bloomberg Remixes al-Qaeda Video to Push Gun
Control Effort Kurt Nimmo | Absurd
al-Qaeda video exploited by Bloomberg called for Muslims to buy automatic
weapons at gun shows and kill Americans.
Ron Paul: Obama’s Libya War Power Grab Impeachable Kurt Nimmo | Presidents have waged war without constitutional authority since Truman
and the creation of the national security state.
Greece
to vote on austerity plan Lawmakers are expected to vote today on $40B package of
spending cuts that have sparked protests.
(Washington Post) [ ‘Greecin’ the skids, so to speak … for the frauds on
wall street. The recurring non-event that makes for great press purporting to
be the main event. The new scam / sham to keep suckers suckered. I mean, look
at the yet again end of month, quarter, half window dressing based on nothing
at all. The frauds on wall
street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed ! Talk about milking the greek crisis and for the umpteenth time a
so-called solution (and there are loads of greecy scenarios worldwide) … I don’t think so and neither does Schaeffer
who says: ‘…even once such a package is passed it only buys time.
Actually fixing the fiscal condition of Greece is not something that can be
solved in a matter of weeks, or even months… ‘ but it’s great press for the churn and
earn and to keep the suckers suckered. Technology rally? Defacto
bankrupt american technology is horrendous but great sizzle for the new fraud
as in the dotcom bust days. Then there’s the greasy b.s. new greecy b.s.
factor. The rally into the close and the previous so-called (4 day) ‘rally’ was
based on b***s*** alone to keep the suckers suckered and for ‘smarter money ‘
along with the frauds to sell into. This is an especially great opportunity to
sell / take profits while you still can since there's much worse to come! Selling
In May Is Very Good Advice This Year
Harding Remember: Sell in May and Go
Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert
Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock
sales is telling. At 565 sells for every 1 buy, it’s never been
higher. Yes, it’s normal for insiders to be selling some of their stocks so
they can buy new yachts and some of this is pre-planned. But that ratio — which
has spiked recently — is extraordinarily high, one might even say off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press” climaxed Sunday with a startling market
prognostication from David Brooks, conservative columnist for the NY Times . The risk of a debt default over the
combustible issue of the Medicare deficit hangs over the course of the stock
market. Buyers Beware!“I was up in Wall Street this week,” Brooks said.
“They’re vastly underestimating the source of piolitical risk here. We could
have a major problem, I think, either this summer or the next couple years. And
I’d be worried about investing too much in the market. That’s my financial
advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a
devastating long-term economic decline..’ ]
States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast turmoil and their wars to obfuscate and
divert attention from their failure. Davis ‘This is how we pay off our current debts and I think bondholders
are simply happy to get anything out of a country that admits it owes $15Tn
(1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in
the form of unfunded liabilities. The funniest thing about this (and you have
to laugh) is to see Conservative pundits get on TV and talk about how we need
to cut $100Bn worth of discretionary spending to "fix" this (while
continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1%
each year). There is no fixing this and even a Republican said you can’t fool
all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE
CAREFUL OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this
low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares
and pay dividends with what essentially is taxpayer money-- Market Crash
6/30/11?Technical indicators suggest market collapse may begin by June 30th
Dennis Slothower is one of the world’s leading technical analysts. He’s one of
the few advisors whose readers completely avoided ALL losses during the
disaster that was 2008. And now he’s issuing another dire warning. His
technical indicators suggest that the market manipulation we’ve seen over the
last several months is about to come to an end…and that means thousands of
investors are about to get clobbered. This correction could begin as soon
as June 30th – so it’s important that you take action now to prepare yourself.
StealthStocksOnline.com
Final Showdown For TSA Groping Bill Paul Joseph Watson | Will House pass Dan Patrick’s SB 29 or settle for a completely
worthless resolution?
Charges dismissed against woman arrested while
videotaping traffic stop from her front yard Raw Story | The case against a 28-year-old woman charged with obstructing
governmental administration after refusing a police officer’s order to leave
her front yard while she was videotaping a traffic stop has been dismissed.
The day in 2011 that will change your life (Stansberry) http://www.stansberryresearch.com/pro/1011PSIEND49/LPSILC42/PR
A World
Overwhelmed By Western Hypocrisy Paul Craig Roberts | Western
institutions have become caricatures of hypocrisy.
Ron
Paul On 2012: Establishment, Media Unable To Exclude Me This Time Around Steve Watson | Texas
Congressman Ron Paul feels much more optimistic about his 2012 presidential
run.
The
Bank Of America Non-Settlement “Settlement” Zero Hedge | Some curious
language in the BAC settlement.
Why your local Hospital could soon shut down (Stansberry
Newsletter) http://www.stansberryresearch.com/pro/1011PSIEND49/LPSILC42/PR
Pakistan
tells US to leave ‘drone’ attack base AFP | Pakistan
tells U.S. to leave a remote base reportedly used as a hub for covert CIA drone
attacks.
Obama
looks to big donors to fund early push The president and top aides are waging
a behind-the-scenes push to win over skeptical big-dollar donors, whose cash is
needed to finance dramatic summertime growth in his battleground-state
machinery. Earlier:
In trip to New York, a focus on Wall Street cash (Washington Post) [ I’m sure it comes as no
revelation that the time has come for a revamp of pervasively corrupt, defacto
bankrupt america’s ‘election process / rules’ which have been so antithetical
to the purported democracy they’ve been meant to serve; but to the contrary,
have literally in terms of reality, contributed in large part to the decline
and fall of this nation. Indeed, the bribes have left criminals / frauds, ie.,
wall street, etc., doing what they do best; viz., crime, fraud; along with the
military / industrial complex doing what they do best; viz., waging / contriving
needless war, depleting / plundering treasury, etc.. Pervasively corrupt,
defacto bankrupt america has never been more diminished in the eyes of this
nation and the rest of the world which view comports with factual reality.
Moreover, some very capable people have been precluded from participation in
government owing to what has become a ‘country club institution of incompetents
/ inmates running this asylum aka the so called u.s. government’. In any event,
wobama the b (for b***s***) is done, a proven failed president as dumbya bush
et als before him, and the same would be just wasted cash in any event.
Wobama’s pathetic!
JFK
{Platoon , Wall Street , Natural Born Killers , W. , Wall Street: Money Never Sleeps } [ And yes; I also
believe there’s been a coup d’etat in pervasively corrupt, defacto bankrupt,
banana republic america, gunboat diplomacy, plundering the treasury, and all! ] [I saw ‘JFK’ for the first time today and
must say, though preoccupied at the time (1992) with other things (RICO and
consequent substantial pressure from various nefarious elements, mob,
mob-connected / controlled, corrupt government-state,local,federal, etc.. ) I
was ‘hoodwinked’ by mainstream media critics who for the most’ ho-hummed’ the
film as more of the same conspiracy stuff the factual basis for which I was
already familiar with; and hence, disinclined to make any significant effort to
view same. Boy, were they and derivatively I wrong! I am totally astounded by
the insightful documentation in this film, so masterfully presented in
cinematic form. If at all, Stone seemed shy about presenting even reasonable
inferences from facts so strictly set forth. By leading with actual speech
footage from who I believe to have been america’s last great president /
leader, the substantially underrated President General Eisenhower who warned of
the dangers inherent to the military / industrial complex, Stone set the tone
for what I believe to have been the most courageous and significant warning of
the current national and global crises confronting the nation and world today
and the reasons therefore (his negative exposés of wall street, inherent
american criminality, W, etc., complement and support his theme while revealing
his wide range, wisdom, and talent). (I must say that I liked Ronald Reagan, as
I’ve previously said I like Robert Redford, as being very likeable guys - I’m
also conservative, but not to a fault – his rational approach and results with
Gorbachev were his most significant accomplishments. Parenthetically and
coincidentally, I also saw for the first time this same day, Reagan in ‘Bedtime
for Bonzo’; and, I was shocked that it was better than I could have possibly
imagined and hardly the stuff warranting the mocking he got for same on the
political trail … do you think it was just a foreboding of the nation’s current
predicament with ‘wobama the b’ (for b***s***); and yes, I do have that
‘birther wobama family portrait’ on my website front page http://albertpeia.com . In sum, the inherently criminal behaviors
of americans as depicted are all too real and an auspicious sign indicative of
corruption across the board and through all levels of u.s. government. In light
thereof, I’m compelled to wonder as previously set forth and infra, whether my
trust in and affinity for the FBI will have been ultimately proven to have been
contraindicated in fact and reality; and hence, as I ponder, a maladaptive
personal trait / flaw. Stated another way, should having then done the deal
with the mob for the money despite personal ethics and oath militating against
same have been the correct choice in pervasively corrupt america. It certainly
up to this point would have been the most expedient, efficacious, and adaptive
choice in pervasively corrupt, inherently criminal america. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]
The purported
leaders today; compromised, cowardly, criminal puppets all, the story of
pervasively corrupt, defacto bankrupt america today.
October 15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez, Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3 copies of the within DVD rom autorun disk (which will
open in your computer’s browser) as per your office’s request as made this day
(the disk and contents have been scanned by Avast, McAfee, and Norton which
I’ve installed on my computer to prevent viral attacks / infection and are
without threat). I also include 1 copy of the DVD as filed with the subject
court as referenced therein (which files are also included on the aforesaid 3
disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as
you’re aware, the RICO Act is a criminal statute which provides a civil remedy,
including treble damages and attorney fees, as an incentive for private
prosecution of said claims probably owing to the fact that the USDOJ seems
somewhat overwhelmed and in need of such assistance given the seriousness and
prevalence of said violations of law which have a corrupting influence on the
process, and which corruption is pervasive). A grievance complaint against Coan
was also filed concurrently with the subject action and held in abeyance
pending resolution of the action which was illegally dismissed without any
supporting law and in contravention of the Order of The Honorable Robert N.
Chatigny, Chief Judge, USDC, District Connecticut. The files below the
horizontal rule are the referenced documents as filed. (Owing to the damage to
the financial interests of both the U.S. and the District of Congresswoman
Roybal-Allard, viz., Los Angeles, the Qui Tam provisions
of the Federal
False Claims Act probably would apply and I would absent resolution seek to
refer the within to a firm with expertise in that area of the law with which I
am not familiar) .
The document in 5 pages under penalty of
perjury I was asked to forward to the FBI office in New Haven is probably the
best and most concise summary of the case
RICO Summary to FBI Under Penalty
of Perjury at Their Request (5 pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I received from the Congresswoman by way of email
attachment (apparent but typical problem with my mail) along with my response
thereto is included on the 3 disks as
fbicorrespondencereyes.htm .
With regard to the calls to the FBI’s LA and New Haven, CT offices:
There was one call to the LA office and I was referred to the Long Beach, CA
office where I personally met with FBI Agent Jeff Hayes to whom I gave
probative evidentiary documents of the money laundering which he confirmed as
indicative of same (he was transferred from said office within approximately a month
of said meeting and his location was not disclosed to me upon inquiry). The
matter was assigned to FBI Agent Ron Barndollar and we remained in touch for in
excess of a decade until he abruptly retired (our last conversation prior to
his retirement related to the case and parenthetically, Rudy Giuliani whose
father I stated had been an enforcer for the mob to which he registered
disbelief and requested I prove it, which I did – he served 12 years in prison,
aggravated assault/manslaughter? – and no, there is no Chinese wall of
separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction to the statement in said correspondence, there is a
plethora of information including evidence supporting the claims set forth in
the RICO VERIFIED COMPLAINT (see infra). Such includes and as set
forth in the case, inter alia,
A judgment
had been entered in my favor in the case, United States District Court
Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in
excess of $300,000 remains unaccounted for and which could be used for
payment to creditors, Los Angeles, etc.. Counsel
Robert Sullivan on my behalf documented by way of certification upon
investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon
which false statement he predicated a retaliatory and spurious contempt
proceeding against me causing substantial damage, and for which he sought
Judicial Notice of those and related proceedings as did I in some of my
filings. The Order
of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant
Coan’s failure to file anything whatsoever by the court’s deadline causing
creditors and me substantial damages:
[ Shiff Order of Dismissal
With Prejudice on Coan’s Failure to File Page 1 Page 2 ]Defendant
Coan had filed an action against me to prevent me from suing him which
necessitated me to fly to Connecticut for a hearing before The Honorable
Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied
Coan’s requested relief as to Coan but precluded my action against Shiff
(although there is no immunity, judicial or otherwise, for criminal acts,
ie., fraud connected with a case under Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ]Newly
appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned
the RICO case despite the conflict of interest in light of hundreds of
thousands of dollars of illegal (drug) money being laundered through the
Trump casinos by the RICO defendants, and despite my motion to recuse her
which motion she heard herself and denied, and U.S. Trustee Hugh Leonard
with whom I met personally refused to join or file a separate motion to
recuse and not long thereafter left said office for private practice at
Cole, Shotz, et als on retainer with the RICO defendants as his primary
client.
Probative
and evidentiary documents, affidavits, exhibits, including those turned
over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to
Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the
U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was
U.S. Attorney, and went over said documents and their probative value with
him. Within approximately a month thereafter upon inquiry I was told that
Jonathon Lacey was no longer with the office, that the file/documents
could not be located, and that there was no further information available
concerning contacting him or his location. I thereupon delivered by hand,
copies of said documents to the office of then U.S. Attorney Alito,
addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one
mob case he had brought, bungled, lost (accidently on purpose?) since I
was suing some mob-connected under RICO and the court (I had known /
previously met outside of court the judge Ackerman through a client) was
absolute bedlam and a total joke since incompetent corrupt Alito brought
in all 20 mob defendants (rather than prosecute one or a few to flip them
first) who feigning illness had beds/cots in the courtroom along with
their moans during testimony and had the jury in stitches. As much as I
hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe
corrupt because he is inept). After a reasonable (but still rather short)
time I called to determine the status and was told that Alito was no
longer with the Office of the U.S. Attorney, that he was (appointed) a
federal judge, and that neither the documents nor any file or record of
same could be located. Alito did parley the same / cover-up into quid pro
quo direct lifetime appointment to the Court of Appeals, 3rd circuit,
despite the absence of judicial experience or successful tenure as U.S.
Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that
now sits on the purported highest court in the land. The real application
of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety
coverage and neither LA, nor creditors, nor I should continue to have been
damaged by this brazened corrupt and illegal scenario, which should be resolved
in accordance with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5 th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but
there are unresolved problems with the line, computer connection may be the
reason but I hesitate to chance greater non-performance / worsening by their
‘fix’ so cell phone best for contact).
----------
*The foregoing and as indicated therein was previously send 9-14-10 but
delivery confirmation was flawed as set forth below and my inquiries to the
u.s. postal service rebuffed (I believe tampered with inasmuch as your office
could not locate same). This cover letter (9-13-10) is on the 3 disks with
navigable hyperlinks to the subject files for ease of reference, including the
files in the RICO action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC
Secretary, who indicates once again that your office has not received the
aforesaid and which can reasonably be presumed to have been tampered with, and
hence, a violation of the federal statute concerning same. {Ultimately
delivered by UPS} ]
FBI
trouble after Bulger’s capture?
The crime boss is said to have boasted of corrupting agents. If he
talks, some could live to regret it. (Washington Post) [ Wow! I knew the
northeast generally, jersey / new york particularly in terms of mob infestation
/ infiltration / control, and the unique status of virginia in terms of
government (cia / military, all three branches in support thereof) involvement
in the illegal drug trade, etc., connecticut and california derivatively
thereby; but I’m now wondering about the stonewalling across the board
regarding the RICO matters [ I personally trust the FBI, and to be truthful,
really have no choice but to do so; moreover, I personally like the FBI … I
hope that’s not been a mistake and ultimately a personal flaw, respectively,
since it is the liars (sic lawyers, ie., in the DOJ, etc.) who’ve been
invariably the corrupting, corrupt, corruptible agents, including judicially
and otherwise ]. : http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm . Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
Though having but 5% of the world’s population, the u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and
personal testimony, an ex-Justice official who quit over the handling of a
voter intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality http://albertpeia.com/grimreality.htm Mob
boss brought back to Boston; will he sing? DENISE LAVOIE BOSTON (AP) — James "Whitey"
Bulger's capture could cause a world of trouble inside the FBI.
Americans
spent even less in May (Washington Post)
[ Yeah … unless you work in or for the u.s. government, you’re constrained by
the fundamental precept that ‘you can’t spend what you don’t have’; that is, of
course, unless you’ve taken the various administrations’ encouragements to
heart and like them, done exactly that, and to the nation’s substantial
detriment at that. Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How
‘bout both! I mean, come on! This catering to fraudulent wall street was a
loser ab initio! That so-called ‘wealth effect’ market froth was used
previously by senile ‘maestro’ greenspan and failed miserably except for the
frauds on wall street who commissioned up and down; and, make no mistake, those
computer-programmed high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ] In his June 7
speech, Fed Chairman Ben Bernanke stated, “the best way for the Federal Reserve
to support the fundamental value of the dollar in the medium term is to pursue
our dual mandate of maximum employment and price stability, and we will
certainly do that.”
It is instructive to take a look at the actual Federal
Reserve goals, as well Bernanke’s results in pursuing those goals.
Goals of Monetary Policy
“The goals of monetary policy are spelled out in the
Federal Reserve Act, which specifies that the Board of Governors and the
Federal Open Market Committee should seek ‘to promote effectively the goals of
maximum employment, stable prices, and moderate long-term interest rates’.
Stable prices in the long run are a precondition for maximum sustainable
output growth and employment as well as moderate long-term interest rates.
When prices are stable and believed likely to remain so,
the prices of goods, services, materials, and labor are undistorted by
inflation and serve as clearer signals and guides to the efficient allocation
of resources and thus contribute to higher standards of living. Moreover, stable
prices foster saving and capital formation, because when the risk of erosion of
asset values resulting from inflation—and the need to guard against such
losses—are minimized, households are encouraged to save more and businesses
are encouraged to invest more.”
Let’s look at the results of Bernanke’s economic “fine
tuning” (using data from the St. Louis Fed’s database, starting in February,
2006, through April 2011), and see if he has successfully pursued this mandate.
Definition of STABLE ( from the Mirriam-Webster dictionary)
a : firmly established : fixed , steadfast < stable opinions>
b : not changing or fluctuating : unvarying <in stable condition>
c : permanent , enduring < stable
civilizations>
Stable Prices?
Stable prices are one of the Fed’s primary
mandates. In the table below, take a look at what has happened to the
prices of items in a typical U.S. consumer’s budget since Ben took the reins:
Feb ’06 – April ’11
Items in a Typical Budget
% Change
Food and Beverages
16.54%
Water and sewer and trash collection
services
31.88%
Rent of primary residence
13.82%
Housing
8.68%
Fuels and Utilities
11.93%
Apparel
4.83%
Medical Care
20.11%
Gasoline (all types)
65.12%
Transportation
23.36%
Tuition, other school fees, and
childcare
29.28%
Recreation
2.87%
It is easy to play with the weightings of the above
prices, and see how individual budgets would be impacted. Regardless of
the method used to look at prices, it is clear that Bernanke has not been
successful at maintaining price stability since taking over as Fed
Chairman. Mandate not accomplished.
Maximum or Full Employment
Finding a strict definition of maximum employment is
impossible. Many economist give different estimates, ranging from
2%-7%. The standard unemployment rate most often used by the Fed is
currently at 9.1%, up 90% since Bernanke started. The more inclusive
(realistic) U6 number stands at 15.8%, up 75% in the same period. The
Civilian Participation Rate has declined 2.87% to 64.2%.
This is the lowest level the U.S. has seen since March,
1984. The decline amounts to 8,946,844 fewer Americans in the labor
force. Had they not dropped out because of a lack of jobs, the “official”
unemployment rate would be significantly higher. While we can debate the
meaning of the term maximum employment, it is clear that the jobs data has
deteriorated considerably since Bernanke took the reins at the Fed.
Mandate not accomplished.
Moderate Interest Rates
While not stated in Bernanke’s recent address, the Fed’s
website also posts “moderate interest rates” as a stated goal. While we
cannot definitively say what constitutes “moderate”, we do know that both short
and long-term interest rates are near all time lows. It is safe to assume
that near record low rates are not “moderate”. Further, when
interest rates are artificially held below the rate of economic growth,”
financial repression” is occurring. Many bright folks have commented on
how the zero interest rate policy (ZIRP) is destructive to savers and
misallocates resources. It is safe to say that this mandate has not been
accomplished.
In conclusion, it is evident that Ben Bernanke is failing
his mandates. We believe it must come down to one of the following reasons:
1. Bernanke does not
know how to achieve his mandates;
2. The policy tools
employed don’t work;
3. He does not have
the ability to implement policies that would work;
4. He is not trying
to achieve his mandates;
5. He has goals other
than his legal mandates;
6. He does not look
at the data, and believes he is succeeding.
We will leave it up to our readers to make their own
conclusions.
Matt Marcewicz & Robert Barone, Ph.D.
Matthew Marcewicz and Robert Barone are investment
advisor representatives with Ancora West Advisors LLC, Reno, Nev. ‘
Inflation Expectations Are Heating Up
Market Crash 6/30/11?Technical indicators suggest
market collapse may begin by June 30th Dennis Slothower is one of the world’s
leading technical analysts. He’s one of the few advisors whose readers
completely avoided ALL losses during the disaster that was 2008. And now he’s
issuing another dire warning. His technical indicators suggest that the market
manipulation we’ve seen over the last several months is about to come to an
end…and that means thousands of investors are about to get clobbered. This
correction could begin as soon as June 30th – so it’s important that you take
action now to prepare yourself. StealthStocksOnline.com
Economy in Danger of Full Stall
Wall St up again on Greece, but investors skittish - NEW
YORK (Reuters) - U.S. stocks rose for a second day on Tuesday on optimism that
a solution to Greece's debt crisis was near, although low volume indicated
underlying nervousness in the market.
Technicals Knew what Bernanke Didn't: Stocks will Tank! But How
Much?
Greece
Puts on the Red Light, Sells its Assets to the Night at
Minyanville
‘ Is Meredith Whitney’s “I told you so” moment
approaching?
Moody’s just lowered Connecticut’s general obligation rating to
negative from stable citing among other things “depleted reserves with slim
prospects for near-term replenishment.”
From Moody’s:
The state has
approximately $14 billion in outstanding general obligation bonds…The negative
outlook reflects Connecticut’s depleted reserves with slim prospects for
near-term replenishment; pension funded ratios that are among the lowest in the
country and likely to remain well below average; and high combined fixed costs
for debt service and post employment benefits relative to the state’s budget.
In the absence of a clearly articulated plan to achieve meaningful improvement
in the state’s pension funded ratios and reduce its fixed costs, as well as
progress toward adequate reserve levels, Connecticut’s rating could be
downgraded.
The news comes
just a day after it was revealed that its tri-state neighbor New Jersey is
seeking a $2.25 billion bridge loan from JPMorgan Chase . The Garden State has decided to take a
bank loan instead of issuing bonds because the later would require more time to
raise the necessary amount of cash to pay its bills.
Whitney, the
analyst who has been sharply criticized for her prediction of widespread
municipal defaults this year, was on CNBC
this morning discussing the bridge loan . From the interview:
“I wouldn’t
read too much into this one financing. It could be business as usual. That’s
not the issue,” Whitney said in a live interview. “New Jersey’s fiscal woes are
far bigger than them accessing a line of credit or a new loan.”
Rather, she
said these types of moves will be mere warning shots as states approve their
spending plans for the fiscal year ahead—running from July 1 to June 30—and
balance those budgets by cutting local aid.
“That’s what’s
really going to hurt. So the pain of the states is just upon us,” said Whitney,
famous for her warning about Citigroup ‘s exposure to subprime loans back in 2007, a call that
would foretell the ensuing financial crisis. “What you’ll see now is as the
states are submitting final budgets, you’ll see the real pain at the municipal
level start happening July 1. That will intensify and that’s where you’ll see
the fallout.”
Whitney said
last year that she expects hundreds of billions in defaults on municipal bonds
in the next five years.’
Meredith Whitney: GIRD YOUR LOINS ‘New Jersey’s move to take
out a short-term $2.25 billion loan to pay its bills is symbolic of how
difficult state and municipal financing will be in the year ahead, analyst
Meredith Whitney told CNBC Tuesday…she said these types of moves will be mere
warning shots as states approve their spending plans for the fiscal year
ahead—running from July 1 to June 30—and balance those budgets by cutting local
aid. “That’s what’s really going to hurt. So the pain of the states is just
upon us,” said Whitney. “What you’ll see now is as the states are submitting
final budgets, you’ll see the real pain at the municipal level start happening
July 1. That will intensify and that’s where you’ll see the
fallout.”"That’s what’s really going to hurt. So the pain of the states is
just upon us,” said Whitney. “What you’ll see now is as the states are submitting
final budgets, you’ll see the real pain at the municipal level start happening
July 1. That will intensify and that’s where you’ll see the fallout.” [ CNBC ]’
Metro home prices hit lowest level since
1993 Home prices in metro Detroit fell at an annual rate of
7.5% through April, to a level not seen since June 1993, according to the
Standard & Poor's/Case-Shiller home-price index for April released Tuesday.
Meet The
IMF’s New Leader, Christine Lagarde NPR | France’s
finance minister secured the top job at the IMF.
Can The Fed
Stop Quantitative Easing? Paul Craig Roberts | If the Fed
stops QE, confidence in the US dollar would rise.
Ron
Paul Reality Check: Should America Sell Fort Knox’s Gold? Should the U.S. sell off its gold reserves to pay down
debt? That’s the latest idea being tossed around by gold bug Ron Paul.
Can The Fed
Stop Quantitative Easing? If the Fed
stops QE, confidence in the US dollar would rise. Money would flow into US
investments, both supporting the US stock market and helping to finance the
large US budget deficit. Gold and silver prices would decline.
Dollar seen
losing global reserve status The US dollar will lose its status as the global reserve currency over the
next 25 years, according to a survey of central bank reserve managers who collectively
control more than $8,000bn.
Welcome
To The Recession: Manufacturing Surveys Imply US Economy Has Entered The Second
Month Of A (Re)Recession There may be
those among the less than brainwashed lemmingerati out there who have noticed
what, as we have pointed out for the past month when reporting on the various
manufacturing and regional Fed indices, has been an epic collapse in the
appropriate data series.
National / World
Banging
the Drums of War: Iran and the Neo-cons Robert Bonomo | All the
usual suspects that hyped a war in Iraq which was started on false precepts and
lies.
Cancer Surges In Body Scanner Operators; TSA Launches
Cover-Up Paul Joseph
Watson | FOIA documents
reveal how “large number of workers have been falling victim to cancer, strokes
and heart disease”.
Greek PM: Austerity is Patriotic Duty Kurt Nimmo | Three quarters of Greeks oppose tax rises, spending cuts, globalist privatization,
and the selling off of national treasures.
Final Senate Version of TSA Bill Authorizes Invasive
Groping Paul Joseph
Watson | TSA agents could
meet “reasonable suspicion” mandate if travelers set off metal detector or
refuse naked body scan.
House Passes Watered Down TSA Groping Bill The Alex Jones Channel | Alex Jones updates viewers with an emergency report on
the latest developments with the Texas TSA groping bill.
Pragmatism
may define Gates’s legacy Defense secretary may not be remembered for any grand
ideas but for his stewardship of two wars. (Washington Post) [ What? What’s
this? What parallel universe is this that talks of gates’ pragmatism. Legacy?
What legacy? More contrived, needless war? More defacto bankruptcy and
depletion of treasury for this and other nations? For those who think there’s strategic thinking behind these
global blunders I say ‘wake up’ … look around you … smell the dead roses! Not that panetta is any better having turned
this nation into but a pińata much like the failed predispositions which have brought
down his home state (pelosi’s, feinstein’s anyone?). Unless measured in terms
of increased heroin trade in Afghanistan, an increased cia / Hegelian approach
to global matters leading ineluctably to new self-created needs for actions to
dispel the ever increasing new problems resulting from their misguided acts,
his tenure must be considered as much a failure as the failed presidents he’s
served so dutifully; and, expect worse from pińata-man panetta. Like a
psychotic serial arsonist employed in a fire department, creating the very
devastating fires they’re called upon to put out, these appointees are lose –
lose scenarios for everyone.
House
rejects Obama’s Libya policy Lawmakers vote down a measure that would authorize mission, but stop
short of cutting funding. (Washington Post) [ Ah, riiiiight! The worst of both
worlds. ‘Cutting the baby in half’ probably their most politically expedient
solution to appeasing their respective ‘support groups’. Though not the kind of
group therapy support groups that immediately come to mind, one laments the
various elements of the pervasively corrupt u.s. government are not receiving
the kind of psychotherapy they need by way of group therapy or otherwise. Speaking of spending cuts, here’s one they
‘dare not do’: House
votes down SEC budget hike Agency has
been seeking a budget increase to keep pace with its expanded responsibilities.
(Washington Post) [ No surprise here given the prior and continuing defacto
complicity in wall street’s enormous frauds. The frauds on wall street et
als should be criminally prosecuted, jailed, fined, and disgorgement imposed ! Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic – lawyer) is one of those typically
with a ‘pre or post’ arrangement, whether implicit or explicit; you know, that
ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that
national drain / sinkhole new york (new york / new jersey metro) where, for
example, FBI informants were routinely exposed by ‘italians’ in the new york
d.a.’s office over the objection of the FBI, and were promptly
‘dispatched’/assassinated / hit by mafia / organized crime [ this was
documented with authority in the book ‘Goombata: The Improbable Rise and Fall
of John Gotti and His Gang’ Cummings / Volkman … Yet, one must ask what have they been doing and already getting paid for?
Roche 'The worst part of it ...Obama,
who vowed change, has done almost nothing to fix any of it and in fact
continues most of the policies that helped get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for
Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS by
the frauds on wall street ( and declares with oscar in hand that not one high
level wall street exec has been prosecuted … despite ‘earning’ billions from
the fraud ) … I want just one person with courage enough to stand up and explain to all
that these huge commissionable computerized trading volumes like never before
are a net negative in a very big way … that’s a fact … that’s economic reality
in real terms! … Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t
think so! I do believe that both nations are regressively but nostalgically
trying bring the world back to failed geopolitical paradigms that made the 20th
century the bloodiest century, not coincidentally the american century
(obviously for israel the latter half century). Yet, such a conditioned
psychopathic approach to global matters has led them self-destructively,
self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs,
extinction, at least in a manner of speaking. Global information exchange at
lightning speed has made such throwbacks to a lost era, propaganda, and
maladaptive traits foolish at best, deadly at worst. Intelligent people
worldwide aren’t buying the obsolete, Orwellian approach fostered by the
purveyors of global unrest; viz., israel, america, Orwellian england, etc.;
more specifically, diversion of the masses from the glaring failures of
leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has
promised to hold Wall Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Kick
the can (Washington Post) [ I totally agree with Mr. Robinson; namely, they all
need a kick in the can … you know, that ‘washington establishment’ that have
failed all so miserably. Well, I know that’s not what he really meant. But, ‘do
no harm’? Methinks it’s too little, too late no matter what they do to avoid
that! Market Crash
6/30/11?Technical indicators suggest market collapse may begin by June 30th
Dennis Slothower is one of the world’s leading technical analysts. He’s one of the
few advisors whose readers completely avoided ALL losses during the disaster
that was 2008. And now he’s issuing another dire warning. His technical
indicators suggest that the market manipulation we’ve seen over the last
several months is about to come to an end…and that means thousands of investors
are about to get clobbered. This correction could begin as soon as June 30th – so it’s important
that you take action now to prepare yourself. StealthStocksOnline.com
JFK
{Platoon , Wall Street , Natural Born Killers , W. , Wall Street: Money Never Sleeps } [ And yes; I also
believe there’s been a coup d’etat in pervasively corrupt, defacto bankrupt,
banana republic america, gunboat diplomacy, plundering the treasury, and all! ] [I saw ‘JFK’ for the first time today and
must say, though preoccupied at the time (1992) with other things (RICO and
consequent substantial pressure from various nefarious elements, mob,
mob-connected / controlled, corrupt government-state,local,federal, etc.. ) I
was ‘hoodwinked’ by mainstream media critics who for the most’ ho-hummed’ the
film as more of the same conspiracy stuff the factual basis for which I was
already familiar with; and hence, disinclined to make any significant effort to
view same. Boy, were they and derivatively I wrong! I am totally astounded by
the insightful documentation in this film, so masterfully presented in
cinematic form. If at all, Stone seemed shy about presenting even reasonable
inferences from facts so strictly set forth. By leading with actual speech
footage from who I believe to have been america’s last great president /
leader, the substantially underrated President General Eisenhower who warned of
the dangers inherent to the military / industrial complex, Stone set the tone
for what I believe to have been the most courageous and significant warning of
the current national and global crises confronting the nation and world today
and the reasons therefore (his negative exposés of wall street, inherent
american criminality, W, etc., complement and support his theme while revealing
his wide range, wisdom, and talent). (I must say that I liked Ronald Reagan, as
I’ve previously said I like Robert Redford, as being very likeable guys - I’m
also conservative, but not to a fault – his rational approach and results with
Gorbachev were his most significant accomplishments. Parenthetically and
coincidentally, I also saw for the first time this same day, Reagan in ‘Bedtime
for Bonzo’; and, I was shocked that it was better than I could have possibly
imagined and hardly the stuff warranting the mocking he got for same on the
political trail … do you think it was just a foreboding of the nation’s current
predicament with ‘wobama the b’ (for b***s***); and yes, I do have that ‘birther
wobama family portrait’ on my website front page http://albertpeia.com . In sum, the inherently criminal behaviors
of americans as depicted are all too real and an auspicious sign indicative of
corruption across the board and through all levels of u.s. government. In light
thereof, I’m compelled to wonder as previously set forth and infra, whether my
trust in and affinity for the FBI will have been ultimately proven to have been
contraindicated in fact and reality; and hence, as I ponder, a maladaptive
personal trait / flaw. Stated another way, should having then done the deal
with the mob for the money despite personal ethics and oath militating against
same have been the correct choice in pervasively corrupt america. It certainly
up to this point would have been the most expedient, efficacious, and adaptive
choice in pervasively corrupt, inherently criminal america. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]
The purported
leaders today; compromised, cowardly, criminal puppets all, the story of
pervasively corrupt, defacto bankrupt america today.
October
15, 2010 (*see infra {ultimately delivered by UPS})
Steven M. Martinez, Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3 copies of the within DVD rom autorun disk (which will
open in your computer’s browser) as per your office’s request as made this day
(the disk and contents have been scanned by Avast, McAfee, and Norton which
I’ve installed on my computer to prevent viral attacks / infection and are
without threat). I also include 1 copy of the DVD as filed with the subject
court as referenced therein (which files are also included on the aforesaid 3
disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as
you’re aware, the RICO Act is a criminal statute which provides a civil remedy,
including treble damages and attorney fees, as an incentive for private
prosecution of said claims probably owing to the fact that the USDOJ seems
somewhat overwhelmed and in need of such assistance given the seriousness and
prevalence of said violations of law which have a corrupting influence on the
process, and which corruption is pervasive). A grievance complaint against Coan
was also filed concurrently with the subject action and held in abeyance
pending resolution of the action which was illegally dismissed without any
supporting law and in contravention of the Order of The Honorable Robert N.
Chatigny, Chief Judge, USDC, District Connecticut. The files below the
horizontal rule are the referenced documents as filed. (Owing to the damage to
the financial interests of both the U.S. and the District of Congresswoman
Roybal-Allard, viz., Los Angeles, the Qui Tam provisions
of the Federal
False Claims Act probably would apply and I would absent resolution seek to
refer the within to a firm with expertise in that area of the law with which I
am not familiar) .
The document in 5 pages under penalty of
perjury I was asked to forward to the FBI office in New Haven is probably the
best and most concise summary of the case
RICO Summary to FBI Under Penalty
of Perjury at Their Request (5 pages) [ ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I received from the Congresswoman by way of email
attachment (apparent but typical problem with my mail) along with my response
thereto is included on the 3 disks as
fbicorrespondencereyes.htm .
With regard to the calls to the FBI’s LA and New Haven, CT offices:
There was one call to the LA office and I was referred to the Long Beach, CA
office where I personally met with FBI Agent Jeff Hayes to whom I gave
probative evidentiary documents of the money laundering which he confirmed as
indicative of same (he was transferred from said office within approximately a
month of said meeting and his location was not disclosed to me upon inquiry).
The matter was assigned to FBI Agent Ron Barndollar and we remained in touch
for in excess of a decade until he abruptly retired (our last conversation
prior to his retirement related to the case and parenthetically, Rudy Giuliani
whose father I stated had been an enforcer for the mob to which he registered
disbelief and requested I prove it, which I did – he served 12 years in prison,
aggravated assault/manslaughter? – and no, there is no Chinese wall of
separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction to the statement in said correspondence, there is a
plethora of information including evidence supporting the claims set forth in
the RICO VERIFIED COMPLAINT (see infra). Such includes and as set
forth in the case, inter alia,
A judgment
had been entered in my favor in the case, United States District Court
Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in
excess of $300,000 remains unaccounted for and which could be used for
payment to creditors, Los Angeles, etc.. Counsel
Robert Sullivan on my behalf documented by way of certification upon
investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon
which false statement he predicated a retaliatory and spurious contempt
proceeding against me causing substantial damage, and for which he sought
Judicial Notice of those and related proceedings as did I in some of my
filings. The Order
of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant
Coan’s failure to file anything whatsoever by the court’s deadline causing
creditors and me substantial damages:
[ Shiff Order of Dismissal
With Prejudice on Coan’s Failure to File Page 1 Page 2 ]Defendant
Coan had filed an action against me to prevent me from suing him which
necessitated me to fly to Connecticut for a hearing before The Honorable
Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied
Coan’s requested relief as to Coan but precluded my action against Shiff
(although there is no immunity, judicial or otherwise, for criminal acts,
ie., fraud connected with a case under Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ]Newly
appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned
the RICO case despite the conflict of interest in light of hundreds of
thousands of dollars of illegal (drug) money being laundered through the
Trump casinos by the RICO defendants, and despite my motion to recuse her
which motion she heard herself and denied, and U.S. Trustee Hugh Leonard
with whom I met personally refused to join or file a separate motion to
recuse and not long thereafter left said office for private practice at
Cole, Shotz, et als on retainer with the RICO defendants as his primary
client.
Probative
and evidentiary documents, affidavits, exhibits, including those turned
over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to
Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the
U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was
U.S. Attorney, and went over said documents and their probative value with
him. Within approximately a month thereafter upon inquiry I was told that
Jonathon Lacey was no longer with the office, that the file/documents
could not be located, and that there was no further information available
concerning contacting him or his location. I thereupon delivered by hand,
copies of said documents to the office of then U.S. Attorney Alito,
addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one
mob case he had brought, bungled, lost (accidently on purpose?) since I
was suing some mob-connected under RICO and the court (I had known /
previously met outside of court the judge Ackerman through a client) was
absolute bedlam and a total joke since incompetent corrupt Alito brought
in all 20 mob defendants (rather than prosecute one or a few to flip them
first) who feigning illness had beds/cots in the courtroom along with
their moans during testimony and had the jury in stitches. As much as I
hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe
corrupt because he is inept). After a reasonable (but still rather short)
time I called to determine the status and was told that Alito was no
longer with the Office of the U.S. Attorney, that he was (appointed) a
federal judge, and that neither the documents nor any file or record of
same could be located. Alito did parley the same / cover-up into quid pro
quo direct lifetime appointment to the Court of Appeals, 3rd circuit,
despite the absence of judicial experience or successful tenure as U.S.
Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that
now sits on the purported highest court in the land. The real application
of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety
coverage and neither LA, nor creditors, nor I should continue to have been
damaged by this brazened corrupt and illegal scenario, which should be resolved
in accordance with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5 th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but
there are unresolved problems with the line, computer connection may be the
reason but I hesitate to chance greater non-performance / worsening by their
‘fix’ so cell phone best for contact).
----------
*The foregoing and as indicated therein was previously send 9-14-10 but
delivery confirmation was flawed as set forth below and my inquiries to the
u.s. postal service rebuffed (I believe tampered with inasmuch as your office
could not locate same). This cover letter (9-13-10) is on the 3 disks with
navigable hyperlinks to the subject files for ease of reference, including the
files in the RICO action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC
Secretary, who indicates once again that your office has not received the
aforesaid and which can reasonably be presumed to have been tampered with, and
hence, a violation of the federal statute concerning same. (Ultimately
delivered by UPS) ]
FBI
trouble after Bulger’s capture?
The crime boss is said to have boasted of corrupting agents. If he
talks, some could live to regret it. (Washington Post) [ Wow! I knew the
northeast generally, jersey / new york particularly in terms of mob infestation
/ infiltration / control, and the unique status of virginia in terms of
government (cia / military, all three branches in support thereof) involvement
in the illegal drug trade, etc., connecticut and california derivatively
thereby; but I’m now wondering about the stonewalling across the board
regarding the RICO matters [ I personally trust the FBI, and to be truthful,
really have no choice but to do so; moreover, I personally like the FBI … I
hope that’s not been a mistake and ultimately a personal flaw, respectively,
since it is the liars (sic lawyers, ie., in the DOJ, etc.) who’ve been
invariably the corrupting, corrupt, corruptible agents, including judicially
and otherwise ]. : http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm . Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
Though having but 5% of the world’s population, the u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and
personal testimony, an ex-Justice official who quit over the handling of a
voter intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality http://albertpeia.com/grimreality.htm Mob
boss brought back to Boston; will he sing? DENISE LAVOIE BOSTON (AP) — James "Whitey"
Bulger's capture could cause a world of trouble inside the FBI.
The ruthless Boston crime boss who spent 16 years on the
lam is said to have boasted that he corrupted six FBI agents and more than 20
police officers. If he decides to talk, some of them could rue the day he was
caught.
"They are holding their breath, wondering what he
could say," said Robert Fitzpatrick, the former second-in-command of the
Boston FBI office.
The 81-year-old gangster was captured Wednesday in Santa
Monica, Calif., where he apparently had been living for most of the time he was
a fugitive. He appeared Friday afternoon inside a heavily guarded federal
courthouse in Boston to answer for his role in 19 murders.
Bulger, wearing jeans and a white shirt, looked tan and
fit and walked with a slight hunch at back-to-back hearings on two indictments.
He asked that a public defender be appointed to represent him, but the
government objected, citing the $800,000 seized from his Southern California
apartment and his "family resources."
"We think he has access to more cash," said
prosecutor Brian Kelly.
At the second hearing, Bulger took a swipe at prosecutors
after Magistrate Judge Marianne Bowler asked him if he could afford to pay for
an attorney.
"Well, I could, if they would give me my money
back," he replied in his unmistakable Boston accent, prompting laughter in
the courtroom.
Kelly implied that Bulger's cash came from illegal
activities.
"He clearly didn't make that on a paper route on
Santa Monica Boulevard," he said.
Prosecutors asked that Bulger be held without bail,
saying he is danger to the community and may try to threaten witnesses.
"He's also, quite obviously, a risk of flight,"
Kelly said.
Kelly also said Catherine Greig, Bulger's longtime
girlfriend who was arrested with him, told court officials that Bulger's
brother may be willing to assist him in posting bail.
Bulger did not ask for a detention hearing, but his
lawyer said he may later make an argument that Bulger should be released on
bail while awaiting trial.
The amount of money found in Bulger's apartment confirmed
a longheld belief by investigators that he kept large stashes of cash for a life
on the run.
"We clearly don't think this is his last
stash," Kelly said.
When Bulger walked into the courtroom, he saw his brother
William, the former powerful leader of the state Senate, seated in the second
row. Whitey Bulger smiled at him and mouthed, "Hi." His brother
smiled back.
Greig appeared in court a few minutes later on charges of
harboring a fugitive. She asked for a hearing to determine whether she can be
released on bail, and one was scheduled for next week.
Bulger, the former boss of the Winter Hill Gang, Boston's
Irish mob, embroiled the FBI in scandal after he disappeared in 1995. It turned
out that Bulger had been an FBI informant for two decades, feeding the bureau
information on the rival New England Mafia, and that he fled after a retired
Boston FBI agent tipped him off that he was about to be indicted.
The retired agent, John Connolly Jr., was sent to prison
for protecting Bulger. The FBI depicted Connolly as a rogue agent, but Bulger
associates described more widespread corruption in testimony at Connolly's
trial and in lawsuits filed by the families of people allegedly killed by
Bulger and his gang.
Kevin Weeks, Bulger's right-hand man, said the crime lord
stuffed envelopes with cash for law enforcement officers at holiday time.
"He used to say that Christmas was for cops and kids," Weeks
testified.
After a series of hearings in the late 1990s, U.S.
District Judge Mark Wolf found that more than a dozen FBI agents had broken the
law or violated FBI regulations.
Among them was Connolly's former supervisor, John Morris,
who admitted he took about $7,000 in bribes and a case of expensive wine from
Bulger and henchman Stephen "The Rifleman" Flemmi. Morris testified
under a grant of immunity.
In addition, Richard Schneiderhan, a former Massachusetts
state police lieutenant, was convicted of obstruction of justice and conspiracy
for warning a Bulger associate that the FBI had wiretapped the phones of
Bulger's brothers.
Edward J. MacKenzie Jr., a former drug dealer and
enforcer for Bulger, predicted that Bulger will disclose new details about FBI
corruption and how agents protected him for so long.
"Whitey was no fool. He knew he would get caught. I
think he'll have more fun pulling all those skeletons out of the closet,"
MacKenzie said. "I think he'll start talking and he'll start taking people
down."
A spokesman for the Boston FBI did not return calls
seeking comment. In the past, the agency has said that a new generation of
agents has replaced most or all of the agents who worked in the Boston office
while Bulger was an informant.
A law enforcement official who requested anonymity
because of the ongoing investigation told The Associated Press on Friday that
FBI agents lured Bulger out of his., apartment earlier this week by telling him
someone had broken into his on-site storage unit. The official said Bulger
walked out of the apartment, was arrested without incident and consented to a
search of the premises.
Some law enforcement officials said they doubt Bulger
will try to cut a deal with prosecutors by exposing corruption, in part because
he will almost certainly be asked to reveal what contact he had with his
brothers while he was a fugitive and whether they helped him in any way.
"If Bulger talks, he would have to talk about his
brothers, and I can't see that happening, said retired state police Detective
Lt. Bob Long, who investigated Bulger in the 1970s and '80s."They are not
going to take selective information from him — it's either full and complete
cooperation or nothing."
Criminal defense attorney and former Drug Enforcement
Administration agent Raymond Mansolillo said Bulger may not have any incentive
to talk. "The FBI may say, 'You're going to jail or you're going to be
killed. We're not offering you anything,'" said Mansolillo, who once
represented New England crime figure Luigi "Baby Shacks" Manocchio.
But retired Massachusetts state police Maj. Tom Duffy,
one of the lead investigators in the Bulger case, said Bulger may agree to talk
if he thinks it could help his girlfriend.
"It's very possible he's concerned about her
well-being — she was with him for 16 years and was very loyal to him,"
Duffy said. "That may be a bargaining chip for the government during
negotiations."
The question of whether Bulger will be given a public
defender will be decided later. A hearing was scheduled for Tuesday. He did not
enter a plea.
Bulger is "looking forward to facing the charges
against him," said Peter Krupp, a lawyer assigned to represent Bulger for
purposes of Friday's hearing only.
Among the onlookers at the courthouse was Margaret
Chaberek, who grew up in Bulger's home turf of South Boston. "I'm here to
see him get what he deserves," she said.
Ina Corcoran of suburban Braintree came on her day off to
witness a piece of history and sat on a bench outside the fifth-floor
courtroom, saying it was like being there to see Al Capone.
"If you could go back in time to be in that
courtroom, wouldn't you?" she said.
___
Associated Press writers Johanna Kaiser, Laura Crimaldi
in Providence, R.I., Curt Anderson in Miami and Greg Risling in Los Angeles
contributed to this report.’
Trail
to bin Laden began with phone call (Washington Post) [ It’s truly difficult not to like Mr. Woodward or not
to receive well anything he reports on. After all, having been played on the
big screen by extremely likeable Robert Redford, I’m constrained to say I
myself am predisposed to liking Mr. Woodward (Hoffman/Bernstein – not so much)
and being thusly more receptive to what he has to say (that ‘transfer aspect’
of ‘propaganda’ which I was fortunate to have studied in sixth grade, the
advanced reading group, courtesy of James Bresnahan, undoubtedly the best
teacher I’ve ever had, grade for grade – he treated young people as more than
just kids, with exposure to the great classics, classical music, slides and
insights from his wide-ranging world travels, etc.). This is not to say Mr.
Woodward should in any way be diminished inasmuch as his substantial
journalistic credentials and contributions speak for themselves (particularly
his recent piece, at great peril I believe, on the ubiquity of high level
security clearances in the Washington metro area). Moreover, his contributions
are invariably a welcomed positive for the great paper, The Washington Post.
Yet, Mr. Woodward was a ‘navy man’, after all; and, I can’t help but think,
with all the scripted, staged hoopla surrounding the Bin Laden affair, his
‘gorge rises at it’. Indeed, 911 itself; that ‘pearl harbor event’ so sought by
the neo-cons / war mongerers still defies explanation (ie., the ‘stand-down
order’, symmetrical implosions, foreknowledge by some {who conveniently ‘missed
the party’ that day}, etc.. Some links, echoing the unbelief akin to the
‘Jessica Lynch’, Tillman, etc., affairs
follow. Additionally, people must remain attuned to the reality that though having but 5% of the world’s population, america
can boast 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg . Defacto
bankrupt, fraudulent america also spends more on military spending than all the
nations of the world combined... federal employees / contractors, cia, all 3
branches of the u.s. government, etc., are included in this evolved american
trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ], and the highest crime rates in the world by far. That perverse field of
dreams I’ve previously alluded to, the american nightmare, if you build /
contrive war, they will come. And, they do; seals of them (among others); and
when their ‘tours’ are done, it’s murder inc./contract killing for hire that
they’ve won (cia, mob, etc.). The 20th century, the ‘bloodiest century’, not
coincidentally referred to as the american century, brings longings of
nostalgia to american criminals who, like Pavlov’s dogs salivate at the prospect of killing, raping, pillaging, and plundering
which primitive mindset they have mistakenly been conditioned to connect to
their now irretrievably lost success as a nation state, and to the contrary,
has become globally and domestically self-destructive / self-defeating. In so
short a period of time, it is unlikely that Mr. Woodward could do an incisive
investigative piece as he’s become famed for; nor could he reasonably be
expected to have done so given the ‘breaking nature’ of the story. The entire
911 / Bin Laden scenario just doesn’t pass the smell test and reeks of
political desperation and Orwellian opportunism. Uncharacteristically, and
somewhat disingenuously, I’m not going to read Mr. Woodward’s article so that I
can continue to like Bob Woodward Redford.]
President
enters the debt talks Obama hosts sitdowns as leaders remain divided over
spending reductions and tax increases. (Washington Post) [ Oooooh! The big gun
has arrived, with the biggest gun, Mr. Teleprompter just a hot line away. Come
on! Let’s get real! What does wobama the b (for b***s***) know that any of
these other fellow nincompoops don’t; particularly about economics / finance,
even compared to ‘Lobotomy Joe’. Market Crash 6/30/11?Technical indicators suggest market collapse may
begin by June 30th Dennis Slothower is one of the world’s leading technical
analysts. He’s one of the few advisors whose readers completely avoided ALL
losses during the disaster that was 2008. And now he’s issuing another dire
warning. His technical indicators suggest that the market manipulation we’ve
seen over the last several months is about to come to an end…and that means
thousands of investors are about to get clobbered. This correction could begin
as soon as June 30th – so it’s important that you take action now to prepare yourself.
StealthStocksOnline.com [ Oooooh! Bring
in the big guns; viz., ‘wobama the b’ (for b***s***) … sounds like a plan!
After all, ultimately it’s Mr. Teleprompter who’ll have the final say; and, it
seems like wobama’s got a lock on that ‘relationship with Mr. T; you know,
‘pecking order’ kinds of stuff … Then begs the question: Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ] In his June 7
speech, Fed Chairman Ben Bernanke stated, “the best way for the Federal Reserve
to support the fundamental value of the dollar in the medium term is to pursue
our dual mandate of maximum employment and price stability, and we will
certainly do that.”
It is instructive to take a look at the actual Federal
Reserve goals, as well Bernanke’s results in pursuing those goals.
Goals of Monetary Policy
“The goals of monetary policy are spelled out in the
Federal Reserve Act, which specifies that the Board of Governors and the
Federal Open Market Committee should seek ‘to promote effectively the goals of
maximum employment, stable prices, and moderate long-term interest rates’.
Stable prices in the long run are a precondition for maximum sustainable
output growth and employment as well as moderate long-term interest rates.
When prices are stable and believed likely to remain so,
the prices of goods, services, materials, and labor are undistorted by
inflation and serve as clearer signals and guides to the efficient allocation
of resources and thus contribute to higher standards of living. Moreover,
stable prices foster saving and capital formation, because when the risk of
erosion of asset values resulting from inflation—and the need to guard against
such losses—are minimized, households are encouraged to save more and businesses
are encouraged to invest more.”
Let’s look at the results of Bernanke’s economic “fine
tuning” (using data from the St. Louis Fed’s database, starting in February, 2006,
through April 2011), and see if he has successfully pursued this mandate.
Definition of STABLE ( from the Mirriam-Webster dictionary)
a : firmly
established : fixed , steadfast < stable opinions>
b : not changing
or fluctuating : unvarying <in stable condition>
c : permanent , enduring < stable civilizations>
Stable Prices?
Stable prices are one of the Fed’s primary
mandates. In the table below, take a look at what has happened to the
prices of items in a typical U.S. consumer’s budget since Ben took the reins:
Feb ’06 – April ’11
Items in a Typical Budget
% Change
Food and Beverages
16.54%
Water and sewer and trash collection
services
31.88%
Rent of primary residence
13.82%
Housing
8.68%
Fuels and Utilities
11.93%
Apparel
4.83%
Medical Care
20.11%
Gasoline (all types)
65.12%
Transportation
23.36%
Tuition, other school fees, and
childcare
29.28%
Recreation
2.87%
…’
Greece:
Possibility of a Military Coup?
cryptogon | “… You could see a military coup. We’re talking
controlled order here and it has happened before in ‘74.”
Economy in Danger of Full Stall
Record-High
36% of Americans Lack Confidence in Banks Thirty-six percent of Americans have “very little” or “no” confidence in
U.S. banks — up from 30% last year and the highest on record.
The State Of The Economy The U.S. economy is like a rubber band that is being
pulled in several different directions at the same time. Everyone knows that at
some point it is going to snap, but nobody is quite sure exactly when it is
going to happen.
Nigel
Farage Holds Funeral Procession For Euro In The Middle Of Brussels The world’s premier euroskeptic, Nigel Farage, just held
a funeral procession for the Euro after Europe now has just 10 days left in
which to save its battered currency.
RIP
Euro, 1999-2011: Poisoned chalice for Greeks amid rage & anger The Euro is dead and buried…. quite literally according
to sceptics, who’ve held a mock funeral for the ailing single currency in
Brussels.
Cracks beneath the facade Phil’s
Favorites | Repercussions from a Greek default become more
significant when considering leverage and derivatives.
Greek rebel
lawmakers may block austerity Reuters | Conservative
opposition rejected on Sunday appeals from the government and senior European
Union politicians to do its duty and support the medium-term plan.
Spain’s
‘indignant’ launch new protest march AFP | Spain’s
“indignant” activists began their last and longest protest march on Saturday.
Max
Keiser And Sandeep Jaitly Explain Why Modern Economics Is “Rubbish” The below attached interview between Max Keiser and
Sandeep Jaitly provides a 3 minute, must watch glimpse into the basis of
Austrian economics.
Silver-Coin
Sales Booming at Perth Mint Silver-coin sales from Australia’s Perth Mint, which was founded in 1899
and processes all of the country’s bullion, have surged to a record as buyers
seek to protect their wealth with the metal known as poor man’s gold.
Record-High
36% of Americans Lack Confidence in Banks Thirty-six percent of Americans have “very little” or “no” confidence in
U.S. banks — up from 30% last year and the highest on record.
The State Of The Economy The U.S. economy is like a rubber band that is being
pulled in several different directions at the same time. Everyone knows that at
some point it is going to snap, but nobody is quite sure exactly when it is
going to happen.
Regulators shut small Georgia bank; 48th in 2011
Stocks
Cut Losses On Greek Deal Pipe Dream at Forbes Steve Schaefer ‘ A Reuters report Thursday
afternoon said Greece has reached a deal with the European Union and the
International Monetary Fund on a new five-year austerity program, helping Wall
Street shed the bulk of its heavy losses Thursday afternoon, even though such
an agreement means little in the face of contentious debate within the Greek
government.
While a deal with the EU and IMF on austerity clears the
path for Greece to continue receiving the bailout loans that are allowing it to
meet its funding needs, there is still a huge hurdle to clear in getting the
deal through Greece’s Parliament, no small task. After all, in just the past
week Greek Prime Minister George Papandreou has had to reorganize
his cabinet and face a confidence vote ( which
he survived ).
(Update: Reuters reports
that Papandreou has his doubts about whether the draft legislation will pass
muster and opposition leader Antonis Samaras has maintained his refusal to
bless the plan.)
Thursday morning, Barclays Capital head of research Larry
Kantor said he expects an eventual Greek restructuring in 2012. In the
near-term, BarCap figures enough will be done to kick the can down the road and
allow for some recapitalization of the European banking system. That of course
depends on some austerity being passed, which Kantor said “is far from assured,
though we think it will happen.” And even once such a package is passed it only
buys time. Actually fixing the fiscal condition of Greece is not something that
can be solved in a matter of weeks, or even months.
Thursday afternoon’s report may just be the latest noise
on the inexorable path toward restructuring – after all, we have been talking about
Greek debt for more than a year at this point and have yet to see anything
resembling a long-term solution (See “Why
Euro Debt Matters” ) – but that didn’t stop investors to take the
opportunity to snap up battered stocks that had been languishing for much of
the session.
By the close the major indexes were well off their lows,
with the Nasdaq popping into positive territory, up 18 points to 2,687, the Dow
Jones industrial average down just 60 points at 12,050 and the S&P 500 off
4 points at 1,284. Earlier, the Dow had lost more than 200 points.
Thursday’s earlier slide was driven in part by the Obama
Administration’s decision to tap the U.S. Strategic Petroleum Reserve for some
30 million barrels of crude oil, as part of a move by the International Energy
Administration to stem the impact of the production lost from Libya this year.
That move hindered energy stocks, with Exxon Mobil and Chevron the two biggest
losers on the Dow as crude dropped to $91.82 a barrel.
Meanwhile, talks over the U.S. debt ceiling involving
Vice President Biden collapsed
Thursday , with lawmakers calling for President Obama to take a more central role
in the negotiations.’
Federal Reserve
Secrets and Lies USA Watchdog | The Federal
Reserve has been a clandestine organization since its inception.
Spanish
Banks Hiding Over $70 Billion In Bad Real Estate Zero Hedge | All in a
day’s work for the Ponz.
CEO
pay vs. worker pay Corporations line up to block rules that would force
companies to disclose comparison data. (Washington Post) [ One thing’s been
glaringly true for quite some time: american ceo’s have been vastly overpaid
for what’s been clearly underperformance. Indeed, strategic thinking span’s
little more than the year-end bonus cycle, a predisposition not lost on
fraudulent wall street (exceptions are rare, ie., previously, past tense, Steve
Jobs/Apple, Jack Welch/GE, among a few others, worth every penny and more).
But, compared to their foreign counterparts, the only conclusion is that u.s.
ceo’s seem to excel in only one area; viz., how to get themselves paid. Results
count. What is, counts. What happened, counts. Pretending is no longer an
option. Reality counts! Stock
Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock
sales is telling. At 565 sells for every 1 buy, it’s never been
higher. Yes, it’s normal for insiders to be selling some of their stocks so
they can buy new yachts and some of this is pre-planned. But that ratio — which
has spiked recently — is extraordinarily high, one might even say
off-the-chart. Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has
promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality http://albertpeia.com/grimreality.htm The frauds on wall street et
als should be criminally prosecuted, jailed, fined, and disgorgement imposed ! Technology rally? Defacto bankrupt american technology is horrendous but
great sizzle for the new fraud as in the dotcom bust days. Then there’s the
greasy b.s. new greecy b.s. factor. The
rally into the close and the previous so-called (4 day) ‘rally’ was based on
b***s*** alone to keep the suckers suckered and for ‘smarter money ‘ along with
the frauds to sell into. This is an especially great opportunity to sell / take
profits while you still can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If
You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [
He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Wall
Street 'Vastly Underestimating' Risk of Debt Default
Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press” climaxed Sunday with a startling market
prognostication from David Brooks, conservative columnist for the NY Times . The risk of a debt default over the combustible issue of the Medicare
deficit hangs over the course of the stock market. Buyers Beware!“I was up in
Wall Street this week,” Brooks said. “They’re vastly underestimating the
source of piolitical risk here. We could have a major problem, I think, either
this summer or the next couple years. And I’d be worried about investing too
much in the market. That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a
devastating long-term economic decline..’ ]
States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived
mideast turmoil and their wars to obfuscate and divert attention from their
failure. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS
– PLEASE BE CAREFUL OUT THERE! ‘ Dave's
Daily 'If you can
keep interest rates this low this long, its inevitable cheap financing can
allow companies to start cobbling each other up. Further Ben's policies allow
companies like IBM to sell bonds at 1% and buy back shares with the proceeds
(total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money--
Cracks beneath the facade Phil’s
Favorites | Repercussions from a Greek default become more
significant when considering leverage and derivatives.
National / World
War
crimes court issues arrest warrant for Gaddafi International Criminal Court judges on Monday issued an
arrest warrant for Libyan leader Moamer Kadhafi for crimes against humanity,
committed against opponents of his regime since mid-February, a judge said.
Threat
of $100 Billion Hit if U.S. Top Rating Lost Investors in the US government bond market could face losses of up to
$100bn if the largest economy loses its triple A rating, according to a
research arm of McGraw-Hill, the parent of Standard & Poor’s.
Obama
to step in on debt talks As Biden-led
talks break down, president plans to meet with key lawmakers next week. (Washington Post) [ Oooooh! Bring in the big
guns; viz., ‘wobama the b’ (for b***s***) … sounds like a plan! After all,
ultimately it’s Mr. Teleprompter who’ll have the final say; and, it seems like
wobama’s got a lock on that ‘relationship with Mr. T; you know, ‘pecking order’
kinds of stuff … Then begs the question:
Is
Bernanke Failing His Fed Mission Or Just Delusional? at Forbes Robert Barone [ How ‘bout both! I
mean, come on! This catering to fraudulent wall street was a loser ab initio!
That so-called ‘wealth effect’ market froth was used previously by senile
‘maestro’ greenspan and failed miserably except for the frauds on wall street
who commissioned up and down; and, make no mistake, those computer-programmed
high-frequency trading volumes have now been maximized for
nation-economy-draining profits for the frauds like never before and have never
been higher. The QE and dollar-debasement policies were always predictably
inflationary, ultimately hyperinflationary, particularly for stocks; that ‘feel
good’ obfuscation that was but in reality good only for the frauds on wall
street. No, there is no modern day alchemy that spins worthless paper into gold
except fraudulently for the frauds on wall street who’ve literally oftimes done
exactly that; ‘cashing out’ for hard currency and gold, precious metals, at
everyone else’s expense including main street. ] In his June 7
speech, Fed Chairman Ben Bernanke stated, “the best way for the Federal Reserve
to support the fundamental value of the dollar in the medium term is to pursue
our dual mandate of maximum employment and price stability, and we will
certainly do that.”
It is instructive to take a look at the actual Federal
Reserve goals, as well Bernanke’s results in pursuing those goals.
Goals of Monetary Policy
“The goals of monetary policy are spelled out in the
Federal Reserve Act, which specifies that the Board of Governors and the
Federal Open Market Committee should seek ‘to promote effectively the goals of
maximum employment, stable prices, and moderate long-term interest rates’.
Stable prices in the long run are a precondition for maximum sustainable
output growth and employment as well as moderate long-term interest rates.
When prices are stable and believed likely to remain so,
the prices of goods, services, materials, and labor are undistorted by
inflation and serve as clearer signals and guides to the efficient allocation
of resources and thus contribute to higher standards of living. Moreover,
stable prices foster saving and capital formation, because when the risk of
erosion of asset values resulting from inflation—and the need to guard against
such losses—are minimized, households are encouraged to save more and businesses
are encouraged to invest more.”
Let’s look at the results of Bernanke’s economic “fine
tuning” (using data from the St. Louis Fed’s database, starting in February,
2006, through April 2011), and see if he has successfully pursued this mandate.
Definition of STABLE ( from the Mirriam-Webster dictionary)
a : firmly
established : fixed , steadfast < stable opinions>
b : not changing
or fluctuating : unvarying <in stable condition>
c : permanent , enduring < stable civilizations>
Stable Prices?
Stable prices are one of the Fed’s primary
mandates. In the table below, take a look at what has happened to the
prices of items in a typical U.S. consumer’s budget since Ben took the reins:
Feb ’06 – April ’11
Items in a Typical Budget
% Change
Food and Beverages
16.54%
Water and sewer and trash collection
services
31.88%
Rent of primary residence
13.82%
Housing
8.68%
Fuels and Utilities
11.93%
Apparel
4.83%
Medical Care
20.11%
Gasoline (all types)
65.12%
Transportation
23.36%
Tuition, other school fees, and
childcare
29.28%
Recreation
2.87%
It is easy to play with the weightings of the above
prices, and see how individual budgets would be impacted. Regardless of
the method used to look at prices, it is clear that Bernanke has not been
successful at maintaining price stability since taking over as Fed
Chairman. Mandate not accomplished.
Maximum or Full Employment
Finding a strict definition of maximum employment is
impossible. Many economist give different estimates, ranging from
2%-7%. The standard unemployment rate most often used by the Fed is
currently at 9.1%, up 90% since Bernanke started. The more inclusive
(realistic) U6 number stands at 15.8%, up 75% in the same period. The
Civilian Participation Rate has declined 2.87% to 64.2%.
This is the lowest level the U.S. has seen since March,
1984. The decline amounts to 8,946,844 fewer Americans in the labor
force. Had they not dropped out because of a lack of jobs, the “official”
unemployment rate would be significantly higher. While we can debate the
meaning of the term maximum employment, it is clear that the jobs data has
deteriorated considerably since Bernanke took the reins at the Fed.
Mandate not accomplished.
Moderate Interest Rates
While not stated in Bernanke’s recent address, the Fed’s
website also posts “moderate interest rates” as a stated goal. While we
cannot definitively say what constitutes “moderate”, we do know that both short
and long-term interest rates are near all time lows. It is safe to assume
that near record low rates are not “moderate”. Further, when
interest rates are artificially held below the rate of economic growth,”
financial repression” is occurring. Many bright folks have commented on
how the zero interest rate policy (ZIRP) is destructive to savers and
misallocates resources. It is safe to say that this mandate has not been
accomplished.
In conclusion, it is evident that Ben Bernanke is failing
his mandates. We believe it must come down to one of the following
reasons:
1. Bernanke does not
know how to achieve his mandates;
2. The policy tools
employed don’t work;
3. He does not have
the ability to implement policies that would work;
4. He is not trying
to achieve his mandates;
5. He has goals other
than his legal mandates;
6. He does not look
at the data, and believes he is succeeding.
We will leave it up to our readers to make their own
conclusions.
Matt Marcewicz & Robert Barone, Ph.D.
Matthew Marcewicz and
Robert Barone are investment advisor representatives with Ancora West Advisors
LLC, Reno, Nev. ‘
Ron Paul’s
Anti-Fed Message Gains Respect For decades — and mostly from the margins — Paul has held fast to his
Libertarian message, giving him authenticity
TSA Defends Forcing Elederly Leukemia Patient to Remove
Diaper Kurt Nimmo | Removing dying woman’s adult diaper “professional” and
in accordance with “proper procedure,” according to the TSA.
Banker
Occupation of Greece Stephen Lendman | Greece is
entrapped by foreign banker diktats demanding tribute.
Hillary Clinton Channels the Neocons Kurt Nimmo | Opposition to illegal war puts you in the same category as al-Qaeda.
Libya says NATO strikes kill 15 civilians; alliance
denies report CNN | NATO airstrikes hit
a bakery and a restaurant in the Libyan city of al-Brega Saturday, killing 15
civilians, a Libyan government official told CNN.
Economy Expected to Have Major Slide in Months Ahead The New York Times | Economists are ratcheting down their 2011 economic
forecasts to as little as half what they expected at the beginning of the year.
Report: Hugo Chavez in Critical Condition In Cuban
Hospital Fox News Latino
| Hugo Chávez extended
stay in a Cuban hospital is because he is in critical condition, according to a
report in El Nuevo Herald.
The Alex Jones Show: The Mafia Government We Live Under The Alex Jones Channel | Alex confronts the efforts of the corporatist and
bankster warmongers to take their destabilization campaign into Pakistan and
crank up the conflict in Libya.
TSA Defends Forcing Elederly Leukemia Patient to Remove
Diaper Kurt Nimmo | Removing dying woman’s adult diaper “professional” and
in accordance with “proper procedure,” according to the TSA.
Banker
Occupation of Greece Stephen Lendman | Greece is
entrapped by foreign banker diktats demanding tribute.
Hillary Clinton Channels the Neocons Kurt Nimmo | Opposition to illegal war puts you in the same category as al-Qaeda.
Libya says NATO strikes kill 15 civilians; alliance
denies report CNN | NATO airstrikes hit
a bakery and a restaurant in the Libyan city of al-Brega Saturday, killing 15
civilians, a Libyan government official told CNN.
Economy Expected to Have Major Slide in Months Ahead The New York Times | Economists are ratcheting down their 2011 economic
forecasts to as little as half what they expected at the beginning of the year.
The Alex Jones Show: The Mafia Government We Live Under The Alex Jones Channel | Alex confronts the efforts of the corporatist and
bankster warmongers to take their destabilization campaign into Pakistan and
crank up the conflict in Libya.
Milbank:
Progressives voice anger at Obama (Washington Post) [ Progressives? Is that all, Mr. ‘wobama
aficionado’, aka Mr. Milbank. How about the vast and overwhelming majority of
this nation, and add in the rest of the world to boot.
Robinson:
Why does the Afghan war go on? (Washington Post) [ Well, there’s one person who minces no words
as to why: Drudgereport: FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... Minister
Farrakhan: “That’s A Murderer In The White House!” Minister
Farrakhan exposed the U.S. and NATO’s criminal War Libya and Africa during a
June 15, 2011 Press Conference at the UN Plaza Hotel. Then there are, beyond
the regional proximity to oil and an american induced resurgent poppy / heroin
production / trade (the Taliban had all but eradicated same). After all,
pervasively corrupt, defacto bankrupt america is into the illegal drug trade in
a very big way. Obama’s Drawdown Speech: More Orwellian Lies Kurt Nimmo | The U.S. government has no intention
of ending the war and bringing home all of the troops. Obama:
Time for ‘nation building’ at home
‘Surge’
troops to be ordered home Departure plan
will remove 33,000 troops faster than Obama’s commanders requested but more
slowly than many of his political allies would like. (Washington Post) [ Well,
in a certain sense he’s chronologically correct … finish the job of destruction
at home … yeah … it’s true … they haven’t the slightest idea what they’re doing
and no matter what or where, pervasively corrupt, defacto bankrupt america’s
touch is an invariably destructive, negative touch (‘nation building’ the coy,
euphemistic phrase for what is in fact ‘nation destroying’, regardless of spin,
propaganda, and outright lies). Obama’s
task: Keep support for Afghan war The president’s prime-time address on
plans to gradually withdraw troops must remind a skeptical electorate and a
concerned Congress that the country’s longest war remains worth fighting — and
funding. (Washington Post) [ Obama’s task? Support for this nation’s
self-bankrupting Afghan (among other) war(s)? Geeh! Silly me! And all the while
I thought wobama’s task was to bring to fruition all those laudable campaign
promises; viz., jobs / economy not wars, prosecution of the frauds on wall
street responsible for the crisis, etc.. What a total fraud wobama is. Obama’s
semantics draw criticism on Libya (Washington Post) [ Semantics? If it
were only wobama’s semantics that drew criticism. But, one must concede that
when fellow black Farrakhan is weighing in thusly: Drudgereport: FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... wobama’s really got problems (you know, that
unflinchingly loyal 18%). Minister
Farrakhan: “That’s A Murderer In The White House!” Minister
Farrakhan exposed the U.S. and NATO’s criminal War Libya and Africa during a
June 15, 2011 Press Conference at the UN Plaza Hotel. (I wonder what Chinese mascot ‘the black mamba’ has to say ‘The Chinese people's love of
american basketball star Kobe
Bryant’… Kobe Bryant China Aug 20, 2008
... Beijing It's Kobe's team, in China , anyway… Sprite
China Kobe Bryant Feb 23, 2011 ... Sprite China has paired up NBA Star Kobe Bryant of the LA Lakers … who has supplanted
their own ’yellow / red bamba’; viz., Yao Ming.) Sen.
Conrad: $2 trillion not enough
Democratic chairman of budget committee is pushing for deeper cuts in
any debt-reduction deal. Lawmakers
fear time is running out to slice $2 trillion from the budget In six weeks,
negotiators must strike a bipartisan compromise and persuade a bitterly divided
Congress to support it. (Washington Post) [ Ah, there you have it. That
nebulous, ‘fudgeable’, over a period of time thing … ‘$4 trillion in
savings by 2021 to avoid a debt crisis. Others view $2 trillion as
impossibly ambitious...more borrowing authority for a nation already mired in
red ink.’…Some have been less than optimistic in their prognosis Davis ‘This is how we pay off our current debts and I
think bondholders are simply happy to get anything out of a country that admits
it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire
global GDP) in the form of unfunded liabilities. The funniest thing about this
(and you have to laugh) is to see Conservative pundits get on TV and talk about
how we need to cut $100Bn worth of discretionary spending to "fix"
this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for
the top 1% each year). There is no fixing this and even a Republican said you
can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS
– PLEASE BE CAREFUL OUT THERE! ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious freedom,
freedom generally did they come to these shores. A rare exception to the influx
of immigrants to this young nation who turned out to be more a virus to the
indigenous peoples of this land than what could have been expected from those
of noble calling. Indeed, in evolutionary terms, it’s doubtful that those so
positioned abroad would have represented a positive addition to the gene pool
which, borrowing from an insurance term, viz., adverse selection, springs forth
the notion of inevitability to the genocide of the indigenous populations while
guaranteeing the decline we see throughout this foundering nation. The effects
of these negative predispositions toward inherent criminality is certainly
being felt globally as well as domestically and has little to recommend it. My
own direct experience with the region(s) (particularly new jersey, new york,
virginia, connecticut, california) carves out no exception for the prevalence
of the worst of human nature; which is now collectively and pervasively
americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
Though having but 5% of the world’s population, the u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and
personal testimony, an ex-Justice official who quit over the handling of a
voter intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has
promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t
think so! I do believe that both nations are regressively but nostalgically
trying bring the world back to failed geopolitical paradigms that made the 20th
century the bloodiest century, not coincidentally the american century
(obviously for israel the latter half century). Yet, such a conditioned
psychopathic approach to global matters has led them self-destructively,
self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs,
extinction, at least in a manner of speaking. Global information exchange at
lightning speed has made such throwbacks to a lost era, propaganda, and maladaptive
traits foolish at best, deadly at worst. Intelligent people worldwide aren’t
buying the obsolete, Orwellian approach fostered by the purveyors of global
unrest; viz., israel, america, Orwellian england, etc.; more specifically,
diversion of the masses from the glaring failures of leadership, economic and
otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has
promised to hold Wall Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Human Rights Group: No Evidence Gaddafi Encouraged Troops
to Rape Kurt Nimmo | Propaganda reminiscent of Kuwait incubator hoax used
as propaganda in effort to get public behind invasion of Libya in 1991.
Ron Paul Slams Absurd Libya War Powers Debate The State Column | Paul told his colleagues that the limited funding bill was not what it
appeared to be.
Alex
Jones: Beyond The Box Paul Joseph Watson | Alex Jones gives the keynote speech at the Talkers Magazine New Media
Seminar, held in New York City and attended by prominent media personalities as
well as other industry movers and shakers.
American in Tripoli: First Hand Account RT | Investigative reporter Wayne Madsen, who spent some time in Libya,
shares his views on what’s really going on in the country.
PNAC-Reborn: Calling for Greater Libyan War Tony Cartalucci | War criminals from the Foreign Policy Initiative implore House
Republicans to ignore the people & the Constitution for continued war with
Libya.
House
rejects Obama’s Libya policy Lawmakers vote down a measure that
would authorize mission, but stop short of cutting funding. (Washington Post) [
Ah, riiiiight! The worst of both worlds. ‘Cutting the baby in half’ probably
their most politically expedient solution to appeasing their respective
‘support groups’. Though not the kind of group therapy support groups that
immediately come to mind, one laments the various elements of the pervasively
corrupt u.s. government are not receiving the kind of psychotherapy they need
by way of group therapy or otherwise.
Speaking of spending cuts, here’s one they ‘dare not do’: House
votes down SEC budget hike Agency has been seeking a budget increase to keep pace
with its expanded responsibilities. (Washington Post) [ No surprise here given
the prior and continuing defacto complicity in wall street’s enormous frauds. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen america. Indeed, the scenario typifies that national drain /
sinkhole new york (new york / new jersey metro) where, for example, FBI
informants were routinely exposed by ‘italians’ in the new york d.a.’s office
over the objection of the FBI, and were promptly ‘dispatched’/assassinated /
hit by mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
… Yet, one must ask what have they been doing and already getting paid for?
Roche 'The worst part of it ...Obama,
who vowed change, has done almost nothing to fix any of it and in fact
continues most of the policies that helped get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant
fraud in the (many) TRILLIONS by the frauds on wall street ( and declares with
oscar in hand that not one high level wall street exec has been prosecuted …
despite ‘earning’ billions from the fraud ) …
I want just one person with courage enough to stand up and explain to all
that these huge commissionable computerized trading volumes like never before
are a net negative in a very big way … that’s a fact … that’s economic reality
in real terms! … Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military
than all the nations of the world combined... fed employees / contractors, cia,
all 3 branches of u.s. gov’t, etc., are included in this evolved american trait
of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and
personal testimony, an ex-Justice official who quit over the handling of a
voter intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has
promised to hold Wall Street accountable for the meltdown.
‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Alex Jones Takes TSA Fight to Capitol Infowars.com | Video from the state capitol in Austin, Texas, where anti-TSA groping
legislation is under consideration.
TSA Bill Replaced With Toothless Resolution? Paul Joseph Watson | Having already been gutted, the anti-grope legislation could be
jettisoned for a meaningless recommendation that Congress take up the issue.
Groping Bill Killed by Texas House Committee Kurt Nimmo | The committee was scheduled to take up anti-molestation bill Monday
morning.
TSA Groping Bill Up For Vote In Texas Senate Monday Lone Star Report | Simpson said there still remains much support — though he doubts if Gov.
Rick Perry truly wants the bill passed.
Ex-MI6 chief
altered Iraqi intelligence A top former
British intelligence official had misled the public about the former Iraqi
regime’s weapons program to pave the way for war, it is now revealed.
Israel plots ways to repel new Gaza
flotilla Hindustan Times - ’ israel's security cabinet was to convene on Monday for a
second day of discussions on how to stave off an international flotilla
intending to breach the naval blockade of Gaza, local media said.’
JFK
{Platoon , Wall Street , Natural Born Killers , W. , Wall Street: Money Never Sleeps } [ And yes; I also believe
there’s been a coup d’etat in pervasively corrupt, defacto bankrupt, banana
republic america, gunboat diplomacy, plundering the treasury, and all! ] [I saw ‘JFK’ for the first time today and
must say, though preoccupied at the time (1992) with other things (RICO and
consequent substantial pressure from various nefarious elements, mob,
mob-connected / controlled, corrupt government-state,local,federal, etc.. ) I
was ‘hoodwinked’ by mainstream media critics who for the most’ ho-hummed’ the
film as more of the same conspiracy stuff the factual basis for which I was
already familiar with; and hence, disinclined to make any significant effort to
view same. Boy, were they and derivatively I wrong! I am totally astounded by
the insightful documentation in this film, so masterfully presented in
cinematic form. If at all, Stone seemed shy about presenting even reasonable
inferences from facts so strictly set forth. By leading with actual speech
footage from who I believe to have been america’s last great president /
leader, the substantially underrated President General Eisenhower who warned of
the dangers inherent to the military / industrial complex, Stone set the tone
for what I believe to have been the most courageous and significant warning of
the current national and global crises confronting the nation and world today
and the reasons therefore (his negative exposés of wall street, inherent
american criminality, W, etc., complement and support his theme while revealing
his wide range, wisdom, and talent). (I must say that I liked Ronald Reagan, as
I’ve previously said I like Robert Redford, as being very likeable guys - I’m
also conservative, but not to a fault – his rational approach and results with
Gorbachev were his most significant accomplishments. Parenthetically and
coincidentally, I also saw for the first time this same day, Reagan in ‘Bedtime
for Bonzo’; and, I was shocked that it was better than I could have possibly
imagined and hardly the stuff warranting the mocking he got for same on the
political trail … do you think it was just a foreboding of the nation’s current
predicament with ‘wobama the b’ (for b***s***); and yes, I do have that
‘birther wobama family portrait’ on my website front page http://albertpeia.com . In sum, the inherently criminal behaviors
of americans as depicted are all too real and an auspicious sign indicative of
corruption across the board and through all levels of u.s. government. In light
thereof, I’m compelled to wonder as previously set forth and infra, whether my
trust in and affinity for the FBI will have been ultimately proven to have been
contraindicated in fact and reality; and hence, as I ponder, a maladaptive
personal trait / flaw. Stated another way, should having then done the deal
with the mob for the money despite personal ethics and oath militating against
same have been the correct choice in pervasively corrupt america. It certainly
up to this point would have been the most expedient, efficacious, and adaptive
choice in pervasively corrupt, inherently criminal america. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]
The purported
leaders today; compromised, cowardly, criminal puppets all, the story of
pervasively corrupt, defacto bankrupt america today.
October 15, 2010 (*see infra)
Steven M. Martinez, Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3 copies of the within DVD rom autorun disk (which will
open in your computer’s browser) as per your office’s request as made this day
(the disk and contents have been scanned by Avast, McAfee, and Norton which
I’ve installed on my computer to prevent viral attacks / infection and are
without threat). I also include 1 copy of the DVD as filed with the subject
court as referenced therein (which files are also included on the aforesaid 3
disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as
you’re aware, the RICO Act is a criminal statute which provides a civil remedy,
including treble damages and attorney fees, as an incentive for private
prosecution of said claims probably owing to the fact that the USDOJ seems
somewhat overwhelmed and in need of such assistance given the seriousness and
prevalence of said violations of law which have a corrupting influence on the
process, and which corruption is pervasive). A grievance complaint against Coan
was also filed concurrently with the subject action and held in abeyance
pending resolution of the action which was illegally dismissed without any
supporting law and in contravention of the Order of The Honorable Robert N.
Chatigny, Chief Judge, USDC, District Connecticut. The files below the
horizontal rule are the referenced documents as filed. (Owing to the damage to
the financial interests of both the U.S. and the District of Congresswoman
Roybal-Allard, viz., Los Angeles, the Qui Tam provisions
of the Federal False Claims Act probably would
apply and I would absent resolution seek to refer the within to a firm with
expertise in that area of the law with which I am not familiar) .
The document in 5 pages under penalty of
perjury I was asked to forward to the FBI office in New Haven is probably the
best and most concise summary of the case
RICO Summary to FBI Under Penalty
of Perjury at Their Request (5 pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I received from the Congresswoman by way of email
attachment (apparent but typical problem with my mail) along with my response
thereto is included on the 3 disks as fbicorrespondencereyes.htm .
With regard to the calls to the FBI’s LA and New Haven, CT offices:
There was one call to the LA office and I was referred to the Long Beach, CA
office where I personally met with FBI Agent Jeff Hayes to whom I gave
probative evidentiary documents of the money laundering which he confirmed as
indicative of same (he was transferred from said office within approximately a
month of said meeting and his location was not disclosed to me upon inquiry).
The matter was assigned to FBI Agent Ron Barndollar and we remained in touch
for in excess of a decade until he abruptly retired (our last conversation
prior to his retirement related to the case and parenthetically, Rudy Giuliani
whose father I stated had been an enforcer for the mob to which he registered
disbelief and requested I prove it, which I did – he served 12 years in prison,
aggravated assault/manslaughter? – and no, there is no Chinese wall of
separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction to the statement in said correspondence, there is a
plethora of information including evidence supporting the claims set forth in
the RICO VERIFIED COMPLAINT (see infra). Such includes and as set
forth in the case, inter alia,
A judgment
had been entered in my favor in the case, United States District Court
Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in
excess of $300,000 remains unaccounted for and which could be used for
payment to creditors, Los Angeles, etc.. Counsel
Robert Sullivan on my behalf documented by way of certification upon
investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon
which false statement he predicated a retaliatory and spurious contempt
proceeding against me causing substantial damage, and for which he sought
Judicial Notice of those and related proceedings as did I in some of my
filings. The Order
of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant
Coan’s failure to file anything whatsoever by the court’s deadline causing
creditors and me substantial damages:
[ Shiff Order of Dismissal
With Prejudice on Coan’s Failure to File
Page 1 Page 2 ]Defendant
Coan had filed an action against me to prevent me from suing him which
necessitated me to fly to Connecticut for a hearing before The Honorable
Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied
Coan’s requested relief as to Coan but precluded my action against Shiff
(although there is no immunity, judicial or otherwise, for criminal acts,
ie., fraud connected with a case under Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf
]Newly
appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned
the RICO case despite the conflict of interest in light of hundreds of
thousands of dollars of illegal (drug) money being laundered through the
Trump casinos by the RICO defendants, and despite my motion to recuse her
which motion she heard herself and denied, and U.S. Trustee Hugh Leonard
with whom I met personally refused to join or file a separate motion to
recuse and not long thereafter left said office for private practice at
Cole, Shotz, et als on retainer with the RICO defendants as his primary
client. Probative
and evidentiary documents, affidavits, exhibits, including those turned
over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to
Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the
U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was
U.S. Attorney, and went over said documents and their probative value with
him. Within approximately a month thereafter upon inquiry I was told that
Jonathon Lacey was no longer with the office, that the file/documents
could not be located, and that there was no further information available
concerning contacting him or his location. I thereupon delivered by hand,
copies of said documents to the office of then U.S. Attorney Alito,
addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one
mob case he had brought, bungled, lost (accidently on purpose?) since I
was suing some mob-connected under RICO and the court (I had known /
previously met outside of court the judge Ackerman through a client) was
absolute bedlam and a total joke since incompetent corrupt Alito brought
in all 20 mob defendants (rather than prosecute one or a few to flip them
first) who feigning illness had beds/cots in the courtroom along with
their moans during testimony and had the jury in stitches. As much as I
hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe
corrupt because he is inept). After a reasonable (but still rather short)
time I called to determine the status and was told that Alito was no
longer with the Office of the U.S. Attorney, that he was (appointed) a
federal judge, and that neither the documents nor any file or record of
same could be located. Alito did parley the same / cover-up into quid pro
quo direct lifetime appointment to the Court of Appeals, 3rd circuit,
despite the absence of judicial experience or successful tenure as U.S.
Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that
now sits on the purported highest court in the land. The real application
of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety
coverage and neither LA, nor creditors, nor I should continue to have been
damaged by this brazened corrupt and illegal scenario, which should be resolved
in accordance with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5 th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but
there are unresolved problems with the line, computer connection may be the
reason but I hesitate to chance greater non-performance / worsening by their
‘fix’ so cell phone best for contact).
----------
*The foregoing and as indicated therein was previously send 9-14-10 but
delivery confirmation was flawed as set forth below and my inquiries to the
u.s. postal service rebuffed (I believe tampered with inasmuch as your office
could not locate same). This cover letter (9-13-10) is on the 3 disks with
navigable hyperlinks to the subject files for ease of reference, including the
files in the RICO action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC
Secretary, who indicates once again that your office has not received the
aforesaid and which can reasonably be presumed to have been tampered with, and
hence, a violation of the federal statute concerning same. ]
FBI
trouble after Bulger’s capture?
The crime boss is said to have boasted of corrupting agents. If he
talks, some could live to regret it. (Washington Post) [ Wow! I knew the
northeast generally, jersey / new york particularly in terms of mob infestation
/ infiltration / control, and the unique status of virginia in terms of
government (cia / military, all three branches in support thereof) involvement
in the illegal drug trade, etc., connecticut and california derivatively
thereby; but I’m now wondering about the stonewalling across the board
regarding the RICO matters [ I personally trust the FBI, and to be truthful,
really have no choice but to do so; moreover, I personally like the FBI … I
hope that’s not been a mistake and ultimately a personal flaw, respectively,
since it is the liars (sic lawyers, ie., in the DOJ, etc.) who’ve been
invariably the corrupting, corrupt, corruptible agents, including judicially
and otherwise ]. : http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm . Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
Though having but 5% of the world’s population, the u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and
personal testimony, an ex-Justice official who quit over the handling of a
voter intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality http://albertpeia.com/grimreality.htm Mob
boss brought back to Boston; will he sing? DENISE LAVOIE BOSTON (AP) — James "Whitey"
Bulger's capture could cause a world of trouble inside the FBI.
The ruthless Boston crime boss who spent 16 years on the
lam is said to have boasted that he corrupted six FBI agents and more than 20
police officers. If he decides to talk, some of them could rue the day he was
caught.
"They are holding their breath, wondering what he
could say," said Robert Fitzpatrick, the former second-in-command of the
Boston FBI office.
The 81-year-old gangster was captured Wednesday in Santa
Monica, Calif., where he apparently had been living for most of the time he was
a fugitive. He appeared Friday afternoon inside a heavily guarded federal
courthouse in Boston to answer for his role in 19 murders.
Bulger, wearing jeans and a white shirt, looked tan and
fit and walked with a slight hunch at back-to-back hearings on two indictments.
He asked that a public defender be appointed to represent him, but the
government objected, citing the $800,000 seized from his Southern California
apartment and his "family resources."
"We think he has access to more cash," said
prosecutor Brian Kelly.
At the second hearing, Bulger took a swipe at prosecutors
after Magistrate Judge Marianne Bowler asked him if he could afford to pay for
an attorney.
"Well, I could, if they would give me my money
back," he replied in his unmistakable Boston accent, prompting laughter in
the courtroom.
Kelly implied that Bulger's cash came from illegal
activities.
"He clearly didn't make that on a paper route on
Santa Monica Boulevard," he said.
Prosecutors asked that Bulger be held without bail,
saying he is danger to the community and may try to threaten witnesses.
"He's also, quite obviously, a risk of flight,"
Kelly said.
Kelly also said Catherine Greig, Bulger's longtime
girlfriend who was arrested with him, told court officials that Bulger's
brother may be willing to assist him in posting bail.
Bulger did not ask for a detention hearing, but his
lawyer said he may later make an argument that Bulger should be released on
bail while awaiting trial.
The amount of money found in Bulger's apartment confirmed
a longheld belief by investigators that he kept large stashes of cash for a
life on the run.
"We clearly don't think this is his last
stash," Kelly said.
When Bulger walked into the courtroom, he saw his brother
William, the former powerful leader of the state Senate, seated in the second
row. Whitey Bulger smiled at him and mouthed, "Hi." His brother
smiled back.
Greig appeared in court a few minutes later on charges of
harboring a fugitive. She asked for a hearing to determine whether she can be
released on bail, and one was scheduled for next week.
Bulger, the former boss of the Winter Hill Gang, Boston's
Irish mob, embroiled the FBI in scandal after he disappeared in 1995. It turned
out that Bulger had been an FBI informant for two decades, feeding the bureau
information on the rival New England Mafia, and that he fled after a retired
Boston FBI agent tipped him off that he was about to be indicted.
The retired agent, John Connolly Jr., was sent to prison
for protecting Bulger. The FBI depicted Connolly as a rogue agent, but Bulger
associates described more widespread corruption in testimony at Connolly's
trial and in lawsuits filed by the families of people allegedly killed by
Bulger and his gang.
Kevin Weeks, Bulger's right-hand man, said the crime lord
stuffed envelopes with cash for law enforcement officers at holiday time.
"He used to say that Christmas was for cops and kids," Weeks
testified.
After a series of hearings in the late 1990s, U.S.
District Judge Mark Wolf found that more than a dozen FBI agents had broken the
law or violated FBI regulations.
Among them was Connolly's former supervisor, John Morris,
who admitted he took about $7,000 in bribes and a case of expensive wine from
Bulger and henchman Stephen "The Rifleman" Flemmi. Morris testified
under a grant of immunity.
In addition, Richard Schneiderhan, a former Massachusetts
state police lieutenant, was convicted of obstruction of justice and conspiracy
for warning a Bulger associate that the FBI had wiretapped the phones of
Bulger's brothers.
Edward J. MacKenzie Jr., a former drug dealer and
enforcer for Bulger, predicted that Bulger will disclose new details about FBI
corruption and how agents protected him for so long.
"Whitey was no fool. He knew he would get caught. I
think he'll have more fun pulling all those skeletons out of the closet,"
MacKenzie said. "I think he'll start talking and he'll start taking people
down."
A spokesman for the Boston FBI did not return calls
seeking comment. In the past, the agency has said that a new generation of
agents has replaced most or all of the agents who worked in the Boston office
while Bulger was an informant.
A law enforcement official who requested anonymity
because of the ongoing investigation told The Associated Press on Friday that
FBI agents lured Bulger out of his., apartment earlier this week by telling him
someone had broken into his on-site storage unit. The official said Bulger
walked out of the apartment, was arrested without incident and consented to a
search of the premises.
Some law enforcement officials said they doubt Bulger
will try to cut a deal with prosecutors by exposing corruption, in part because
he will almost certainly be asked to reveal what contact he had with his
brothers while he was a fugitive and whether they helped him in any way.
"If Bulger talks, he would have to talk about his
brothers, and I can't see that happening, said retired state police Detective
Lt. Bob Long, who investigated Bulger in the 1970s and '80s."They are not
going to take selective information from him — it's either full and complete
cooperation or nothing."
Criminal defense attorney and former Drug Enforcement
Administration agent Raymond Mansolillo said Bulger may not have any incentive
to talk. "The FBI may say, 'You're going to jail or you're going to be
killed. We're not offering you anything,'" said Mansolillo, who once
represented New England crime figure Luigi "Baby Shacks" Manocchio.
But retired Massachusetts state police Maj. Tom Duffy,
one of the lead investigators in the Bulger case, said Bulger may agree to talk
if he thinks it could help his girlfriend.
"It's very possible he's concerned about her
well-being — she was with him for 16 years and was very loyal to him,"
Duffy said. "That may be a bargaining chip for the government during
negotiations."
The question of whether Bulger will be given a public
defender will be decided later. A hearing was scheduled for Tuesday. He did not
enter a plea.
Bulger is "looking forward to facing the charges
against him," said Peter Krupp, a lawyer assigned to represent Bulger for
purposes of Friday's hearing only.
Among the onlookers at the courthouse was Margaret
Chaberek, who grew up in Bulger's home turf of South Boston. "I'm here to
see him get what he deserves," she said.
Ina Corcoran of suburban Braintree came on her day off to
witness a piece of history and sat on a bench outside the fifth-floor
courtroom, saying it was like being there to see Al Capone.
"If you could go back in time to be in that
courtroom, wouldn't you?" she said.
___
Associated Press writers Johanna Kaiser, Laura Crimaldi
in Providence, R.I., Curt Anderson in Miami and Greg Risling in Los Angeles
contributed to this report.’
Trail
to bin Laden began with phone call (Washington Post) [ It’s truly difficult not to like Mr. Woodward or not
to receive well anything he reports on. After all, having been played on the
big screen by extremely likeable Robert Redford, I’m constrained to say I
myself am predisposed to liking Mr. Woodward (Hoffman/Bernstein – not so much)
and being thusly more receptive to what he has to say (that ‘transfer aspect’
of ‘propaganda’ which I was fortunate to have studied in sixth grade, the
advanced reading group, courtesy of James Bresnahan, undoubtedly the best
teacher I’ve ever had, grade for grade – he treated young people as more than
just kids, with exposure to the great classics, classical music, slides and
insights from his wide-ranging world travels, etc.). This is not to say Mr.
Woodward should in any way be diminished inasmuch as his substantial
journalistic credentials and contributions speak for themselves (particularly
his recent piece, at great peril I believe, on the ubiquity of high level
security clearances in the Washington metro area). Moreover, his contributions
are invariably a welcomed positive for the great paper, The Washington Post.
Yet, Mr. Woodward was a ‘navy man’, after all; and, I can’t help but think,
with all the scripted, staged hoopla surrounding the Bin Laden affair, his
‘gorge rises at it’. Indeed, 911 itself; that ‘pearl harbor event’ so sought by
the neo-cons / war mongerers still defies explanation (ie., the ‘stand-down
order’, symmetrical implosions, foreknowledge by some {who conveniently ‘missed
the party’ that day}, etc.. Some links, echoing the unbelief akin to the
‘Jessica Lynch’, Tillman, etc., affairs
follow. Additionally, people must remain attuned to the reality that though having but 5% of the world’s population, america
can boast 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg . Defacto
bankrupt, fraudulent america also spends more on military spending than all the
nations of the world combined... federal employees / contractors, cia, all 3
branches of the u.s. government, etc., are included in this evolved american
trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ], and the highest crime rates in the world by far. That perverse field of
dreams I’ve previously alluded to, the american nightmare, if you build /
contrive war, they will come. And, they do; seals of them (among others); and
when their ‘tours’ are done, it’s murder inc./contract killing for hire that
they’ve won (cia, mob, etc.). The 20th century, the ‘bloodiest century’, not
coincidentally referred to as the american century, brings longings of
nostalgia to american criminals who, like Pavlov’s dogs salivate at the prospect of killing, raping, pillaging, and plundering
which primitive mindset they have mistakenly been conditioned to connect to
their now irretrievably lost success as a nation state, and to the contrary,
has become globally and domestically self-destructive / self-defeating. In so
short a period of time, it is unlikely that Mr. Woodward could do an incisive
investigative piece as he’s become famed for; nor could he reasonably be
expected to have done so given the ‘breaking nature’ of the story. The entire
911 / Bin Laden scenario just doesn’t pass the smell test and reeks of
political desperation and Orwellian opportunism. Uncharacteristically, and
somewhat disingenuously, I’m not going to read Mr. Woodward’s article so that I
can continue to like Bob Woodward Redford.]
Week
Ahead: Fireworks Coming Early? at Forbes
Top
3 Reasons Markets Were Down After Tech and Gold Slumped Wall St. Cheat
Sheet June 24, 2011, Markets closed
down on Wall Street: Dow -0.96% , S&P -1.17% , Nasdaq -1.26% , Oil +0.24%,
Gold -1.32% .
On the commodities front, Oil ( NYSE:USO ) recovered slightly, up to $91.24 a barrel after
yesterday’s $4 drop. Precious metals were down again today with Gold ( NYSE:GLD ) closing at $1,500.50, a drop of $23 from yesterday,
and Silver ( NYSE:SLV ) is down 2.36% to $34.19.
Today’s markets were down because:
1) Tech slump. Both Oracle ( NASDAQ:ORCL ) and Micron Technology ( NASDAQ:MU ) suffered huge
losses in the market today , weighing heavily on tech stocks. The Nasdaq Composite,
up 0.66% yesterday is down 1.16% today. Tech was also the worst performer of
the 10 sectors on the S&P 500. Blue chips were dragged down as well by the
Dow’s tech members like Microsoft ( NASDAQ:MSFT ), Intel ( NASDAQ:INTC ), and Cisco ( NASDAQ:CSCO ). All in all it was a terrible day for
tech ( NYSE:XLK ).
2) Italy might be the new Greece. Also Ireland, Portugal,
and maybe Spain ( NYSE:EWP ). Really no one’s being left out of the party. After
Moody’s put 12
Italian government-related financial institutions on review for
possible downgrade, people are worried that it might be too late to contain
Greece’s debt woes — they may have already contaminated other borderline
economies. Spanish and Italian bond yields are up, with Spain’s 10-year bond
reaching its highest level since 2000. And Italy ( NYSE:EWI ) has a national debt that totals 120% of GDP, a figure
that seems unlikely to improve considering long-term structural weaknesses and
low productivity. Greece may only be the first domino to fall.
3) Positive economic data? The latest GDP
report came out this morning and the figures were better than previous
estimations, showing durable goods rose more than expected in May after
suffering a 2.7% decline in April. But the report couldn’t have come out at a
worse time, overshadowed by today’s tech losses and renewed fears in Europe, as
well as still-low crude futures and plummeting oil-related stocks…’
Regulators shut small Georgia bank; 48th in 2011
Stocks
Cut Losses On Greek Deal Pipe Dream at Forbes Steve Schaefer ‘ A Reuters report Thursday
afternoon said Greece has reached a deal with the European Union and the
International Monetary Fund on a new five-year austerity program, helping Wall
Street shed the bulk of its heavy losses Thursday afternoon, even though such
an agreement means little in the face of contentious debate within the Greek
government.
While a deal with the EU and IMF on austerity clears the
path for Greece to continue receiving the bailout loans that are allowing it to
meet its funding needs, there is still a huge hurdle to clear in getting the
deal through Greece’s Parliament, no small task. After all, in just the past
week Greek Prime Minister George Papandreou has had to reorganize
his cabinet and face a confidence vote ( which
he survived ).
(Update: Reuters reports
that Papandreou has his doubts about whether the draft legislation will pass
muster and opposition leader Antonis Samaras has maintained his refusal to
bless the plan.)
Thursday morning, Barclays Capital head of research Larry
Kantor said he expects an eventual Greek restructuring in 2012. In the
near-term, BarCap figures enough will be done to kick the can down the road and
allow for some recapitalization of the European banking system. That of course
depends on some austerity being passed, which Kantor said “is far from assured,
though we think it will happen.” And even once such a package is passed it only
buys time. Actually fixing the fiscal condition of Greece is not something that
can be solved in a matter of weeks, or even months.
Thursday afternoon’s report may just be the latest noise
on the inexorable path toward restructuring – after all, we have been talking
about Greek debt for more than a year at this point and have yet to see
anything resembling a long-term solution (See “Why
Euro Debt Matters” ) – but that didn’t stop investors to take the
opportunity to snap up battered stocks that had been languishing for much of
the session.
By the close the major indexes were well off their lows,
with the Nasdaq popping into positive territory, up 18 points to 2,687, the Dow
Jones industrial average down just 60 points at 12,050 and the S&P 500 off
4 points at 1,284. Earlier, the Dow had lost more than 200 points.
Thursday’s earlier slide was driven in part by the Obama
Administration’s decision to tap the U.S. Strategic Petroleum Reserve for some
30 million barrels of crude oil, as part of a move by the International Energy
Administration to stem the impact of the production lost from Libya this year.
That move hindered energy stocks, with Exxon Mobil and Chevron the two biggest
losers on the Dow as crude dropped to $91.82 a barrel.
Meanwhile, talks over the U.S. debt ceiling involving
Vice President Biden collapsed
Thursday , with lawmakers calling for President Obama to take a more central role
in the negotiations.’
Was Bernanke's Speech the last Nail in the Coffin? Maierhofer, June 24, 2011 The more FOMC
meetings go by, the more they remind me of cotton candy.
Every meeting gets hyped up and whets your appetite for
solid tidbits of financial guidance, yet every FOMC meeting leaves me
unfulfilled and unsatisfied, just like cotton candy. There's much fluff but no
substance.
For what it's worth, lets dissect some of Bernanke's
statements and its implications for stocks. More importantly, we'll take a
look at what the stock market has said and will say, and how this matches up to
technical analysis. You may be surprised just how accurate the market's subtle
signals have been.
About QE3
Bernanke said that a new asset purchase program
(something like QE3) won't be discussed for at least another two to three FOMC
meetings (the next FOMC meetings are scheduled for August 9, September 20,
November 1, 2).
He added that the economy is in a different position
today than it was last year. Interestingly, he specifically noted that today's
situation is just that, different, but not where they'd like it to be. In other
words, no QE3 is needed right now.
About Banks
Bernanke didn't specifically talk about bank's health,
but mentioned this: 'We don't have a precise read on why this slower pace of
growth is persisting. Maybe some of the headwinds like weakness in the
financial sector ... are stronger than we thought.'
It seems like Sherlock hit the head on the nail there. Of
the 7,574 federal insured banks, 11.7% are on the FDIC's problem list. It is
not surprising that the financial sector ETFs trade below their 200-day moving
average.
About GDP
The 2011 Gross Domestic Product (GDP) forecast was cut to
a range of 2.7% - 2.9% from a prior range of 3.1% - 3.3%. 2012 GDP has been
revised to a range of 3.3% - 3.7% from 3.5% - 4.2%.
Keep in mind that government spending accounts for 26% of
GDP. Furthermore, GDP does not distinguish how government spending is financed.
Yes, all the government spending that has brought the country to the brink of
insolvency is reflected in GDP. It's time to rethink using GDP as the ultimate
economic growth indicator.
About Treasuries
There's much speculation about the future direction of
long-term Treasuries. I could add my own two cents to the mix, but quite
frankly at this point there is no high probability set up.
However, I see that 30-Year Treasuries are above the 50
and 200-day moving average and barely above the 20-day MA. But Treasuries are
also below a trend line that has rejected all advances for over 3-months.
Any major move will either have to break below the 20-day
MA or above the trend line. Knowing this allows us to formulate high
probability trading strategies (detailed analysis on TLT and Treasury available
via the ETF Profit Strategy Newsletter).
About Europe
Here's how Bernanke summed up the situation in Europe:
'Failure to resolve the Greek situation would pose threats to European and
global financial systems and European political unity. It's one of several
potential financials risks we are facing.' Does Benny B. think the European
debt situations is worse than the media leads us to believe?
About the only Authority
There are many opinions about what stocks (NYSEArca: TMW - News ) may or may
not, or should or should not do. But none of that matters, because the final
and only authority is the market itself. That's why it makes sense to listen to
the market and to the market only.
The chart below lists various support/resistance levels
for the S&P 500 (SNP: ^GSPC). To keep it simple, I've omitted various
weekly and monthly pivots. It's important to note that we don't draw trend
lines or Fibonacci levels, the market does. We simply connect the dots. It
doesn't matter if you analyze the S&P, the Dow Jones (DJI: ^DJI), the
Nasdaq (Nasdaq: ^IXIC) or the Russell 2000 (NYSEArca: IWM - News ).
http://www.etfguide.com//contributor/UserFiles/8/Image/spx%206%2023%2011.gif
In hindsight it's always easy to interpret why the market
did what. Let's take a look at what the ETF Profit Strategy Newsletter said
about the various support/resistance levels shown in the chart BEFORE the
S&P encountered them.
April 3, about S&P 1,369: 'There is strong Fibonacci
resistance at 1,369. In terms of resistance levels, the 1,369 - 1,xxx range is
a strong candidate for a reversal of potentially historic proportions.'
May 3, about S&P 1,369: Recommendation to short the
S&P against 1,369 with a tight stop-loss. The S&P topped the very next
day at 1,370 and tumbled over 110 points thereafter.
June 5, about S&P 1,298: 'A close below 1,298 would
open the door for a retest of the important 1,255 Fibonacci level. Anyone who
is not short but wants to be may take a short position if the S&P moves
below 1,298 with a stop-loss at 1,304.' The very next day the S&P sliced
through 1,298 support and fell as low as 1,258.
June 15, about S&P 1,259: 'The 200-day SMA at 1,257
is sandwiched between the 1,255 Fibonacci projection level dating back to 2002
and this week's s1 at 1,259. Wednesday's low was at 1,261.9. If this low is not
enough, there is a strong cluster of support at 1,259 - 1,245. A drop into the
1,259 - 1,245 range would prompt us to close out short positions and leg into
long positions.'
The next day the S&P bottomed at 1,258 and rallied as
high as 1,298.
June 21, about S&P 1,298: The S&P triggered a
bearish low-risk entry. The recommendation was to go short with a stop-loss at
1,299. If you enjoy more technical lingo, here is the original trade tip:
'The trade based on percentR is to go short with a
stop-loss (based on closing prices) at today's high (1,297.62). Because of the
close proximity to the Fib level at 1,298.5, let's put the stop-loss at 1,299.'
Leading up to Bernanke's speech, the S&P traded as
high as 1,298.61 and faded away.
June 22, about new lows: 'There is only one support level
between yesterday's close and the 200-day SMA at 1,262. If the market is going
to drop that far, it will probably take out the 1,259 low and minimally test
the 1,255 Fibonacci support or the 1,250 trend line.'
Cotton Candy or the Real Deal
There is no doubt that QE2 has altered the performance of
stocks. The absence of QE2 will probably alter their performance as well…’
AT&T
Gave $500k to House Democrats Pushing The T-Mobile Takeover
Why Are Food
Prices Rising So Fast? If you do much grocery shopping, you have
probably noticed that the cost of food has been rising at a very brisk pace
over the past year. So why are food prices rising so fast?
How Greece is Mocking the Rest of the World Maierhofer ‘ … The next few paragraphs will
be a walk down memory lane and show how Greece went from an A1 rating (by
Moody's) and a $3 billion deficit reduction effort, to the most unstable
country in Europe and a $146 billion bailout.
As you read the progression of headlines, ask yourself
whether you will believe any future information spoon-fed by the media and/or government
administrations.
It all started in June 2009. On June 23, Greece's finance
minister Yannis Papathanassiou stated: 'The rate of growth for the Greek
economy in 2009 is expected to slow more than forecasted. Specifically, it will
range around zero and only return to growth in 2010.' The disclosed budget
deficit at the time was $3.1 billion.
On October 22, 2009, Fitch lowered Greece's rating from A
to A-. On October 30, Moody's placed Greece's A1 rating on review for a
possible downgrade. So far it all sounds pretty innocent. The rest of the story
is described simply in headlines:
December 17, 2009: 'Greek woes hit Euro'
December 21: 2009: 'ECB member says no bailouts for
Greece'
January 18: 'Two EU ministers: No bailout for Greece'
January 19: 'Greece tackles statistics trouble' (hmm, the
numbers just didn't add up despite all the financial alchemy)
February 9, 2010: 'Bulls run on Greece news' (over rumors
about a bailout)
February 11, 2010: 'European Union throws a big fat Greek
bailout'
February 22, 2010: 'Debtors bet Greece won't spill'
February 27, 2010: 'Athens, Berlin spar as bailout takes
shape (talks about $41 billion)
March 4, 2010: 'Is Greece's crisis over?'
April 24, 2010: 'Greece asks for $60 billion bailout'
April 27, 2010: 'Greece contagion fears unfounded'
May 3, 2010: 'Greece gets $146 billion rescue'
May 3, 2010: 'Wall Street up sharply on data, Greece
package'
May 8, 2010: 'Stocks tumble on faulty quotes, Greek
concerns'
June 14, 2010: 'Greece's government bond ratings cut to
junk by Moody's
July 5, 2010: 'Greece upbeat on bid to exit from crisis'
December 17, 2010: 'IMF approves $3.3 billion for Greece
amid impressive fiscal adjustment' …’
J.D. Power: Best new cars
Federal
Reserve Shipped Billions to Iraq Which Were Then Stolen Washington’s
Blog | The Federal Reserve has been involved in other unsavory activities as
well, such as loaning billions to Gaddaffi.
Jobless claims
rise more than expected Reuters | Little
improvement in the labor market this month after employment stumbled in May.
RIP
Euro, 1999-2011: Poisoned chalice for Greeks amid rage & anger The Euro is dead and buried…. quite literally according
to sceptics, who’ve held a mock funeral for the ailing single currency in
Brussels.
House
votes down SEC budget hike Agency has been seeking a budget increase to keep pace
with its expanded responsibilities. (Washington Post) [ No surprise here given
the prior and continuing defacto complicity in wall street’s enormous frauds. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
… Yet, one must ask what have they been doing and already getting paid for?
Roche 'The worst part of it ...Obama,
who vowed change, has done almost nothing to fix any of it and in fact
continues most of the policies that helped get us here in the first place’ ‘INSIDE
JOB’ Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud
in the (many) TRILLIONS by the frauds on wall street ( and declares with oscar
in hand that not one high level wall street exec has been prosecuted … despite
‘earning’ billions from the fraud ) … I want just one
person with courage enough to stand up and explain to all that these huge
commissionable computerized trading volumes like never before are a net
negative in a very big way … that’s a fact … that’s economic reality in real
terms! … Though having but 5% of the world’s
population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and
personal testimony, an ex-Justice official who quit over the handling of a
voter intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has
promised to hold Wall Street accountable for the meltdown.
‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
U.S.,
allies to release 60M barrels of oil Effort hopes to cut fuel price and jolt
the stalling economic recovery. (Washington Post) [ Ah, riiiiight! The next new
gimmick, shill talking point for fraudulent wall street and administrations worldwide
and particularly america to pretend they’re doing something of consequence.
Though peak oil has been reached (and hence the current moves are meaningless
as regards that reality, and even detrimental, longer term), the fact is
there’s really no current shortage per se. Just another meaningless b.s.
talking point to divert attention from the much worse than expected economic /
financial data / reports / news. Stocks
Cut Losses On Greek Deal Pipe Dream at Forbes Steve Schaefer ‘ A Reuters report Thursday
afternoon said Greece has reached a deal with the European Union and the
International Monetary Fund on a new five-year austerity program, helping Wall
Street shed the bulk of its heavy losses Thursday afternoon, even though such
an agreement means little in the face of contentious debate within the Greek
government.
While a deal with the EU and IMF on austerity clears the
path for Greece to continue receiving the bailout loans that are allowing it to
meet its funding needs, there is still a huge hurdle to clear in getting the
deal through Greece’s Parliament, no small task. After all, in just the past
week Greek Prime Minister George Papandreou has had to reorganize
his cabinet and face a confidence vote ( which
he survived ).
(Update: Reuters reports
that Papandreou has his doubts about whether the draft legislation will pass
muster and opposition leader Antonis Samaras has maintained his refusal to bless
the plan.)
Thursday morning, Barclays Capital head of research Larry
Kantor said he expects an eventual Greek restructuring in 2012. In the
near-term, BarCap figures enough will be done to kick the can down the road and
allow for some recapitalization of the European banking system. That of course
depends on some austerity being passed, which Kantor said “is far from assured,
though we think it will happen.” And even once such a package is passed it only
buys time. Actually fixing the fiscal condition of Greece is not something that
can be solved in a matter of weeks, or even months.
Thursday afternoon’s report may just be the latest noise
on the inexorable path toward restructuring – after all, we have been talking
about Greek debt for more than a year at this point and have yet to see
anything resembling a long-term solution (See “Why
Euro Debt Matters” ) – but that didn’t stop investors to take the
opportunity to snap up battered stocks that had been languishing for much of
the session.
By the close the major indexes were well off their lows,
with the Nasdaq popping into positive territory, up 18 points to 2,687, the Dow
Jones industrial average down just 60 points at 12,050 and the S&P 500 off
4 points at 1,284. Earlier, the Dow had lost more than 200 points.
Thursday’s earlier slide was driven in part by the Obama
Administration’s decision to tap the U.S. Strategic Petroleum Reserve for some
30 million barrels of crude oil, as part of a move by the International Energy
Administration to stem the impact of the production lost from Libya this year.
That move hindered energy stocks, with Exxon Mobil and Chevron the two biggest
losers on the Dow as crude dropped to $91.82 a barrel.
Meanwhile, talks over the U.S. debt ceiling involving
Vice President Biden collapsed
Thursday , with lawmakers calling for President Obama to take a more central role
in the negotiations.’
STOCKS
MAKE INCREDIBLE COMEBACK AFTER HUGE PILE OF BAD NEWS: Here's What You Need To
Know Business Insider [ You need to know that the bad news is at least reality
and probably worse, and that tomorrow, etc., the b***s*** spurring rally will still be b***s***! ]
The frauds on wall street et
als should be criminally prosecuted, jailed, fined, and disgorgement imposed !
Geithner:
Taxes on ‘Small Business’ Must Rise So Government Doesn’t ‘Shrink’ Treasury Secretary Timothy Geithner told the House Small
Business Committee on Wednesday that the Obama administration believes taxes on
small business must increase so the administration does not have to “shrink the
overall size of government programs.”
ECONOMIC CRISIS ARCHIVE
National / World
Texas Lawmakers AWOL For Vote On TSA Groping Bill Paul Joseph Watson | More dirty tricks by feds who previously intimidated Senators with
threats of federal blockade?
House Rejects Resolution Authorizing U.S. Mission in
Libya NYT | The House on Friday resoundingly rejected a measure
that would have authorized the United States’ mission in Libya.
Pentagon Moves to Expand War in Pakistan Kurt Nimmo | U.S. claims Pakistan is crawling with al-Qaeda as it moves to intensify
conflicts in the lead-up to World War 3.
Perry Supporter Claims Alex Jones Works For Obama Paul Joseph Watson | In accusing Infowars of being an Obama propaganda front to disseminate
conspiracy theories about Rick Perry, Dallas Blog writer Tom McGregor invents
the most ludicrous conspiracy theory of them all.
Al Gore, Agenda 21 And Population Control The American Dream | Imagine going to sleep one night and waking up many
years later in a totally different world.
GOP
demands meeting with Obama on taxes
Congressional Republicans abruptly pulled out of debt-reduction talks
with the White House after seven weeks of negotiations. (Washington Post) [
Ooooh! The lines in the sand are drawn … a principled stand we see … what total
b***s*** … all of them … democrats / republicans … for the sake of whom? … the
frauds on wall street … I want just one person with courage enough to stand up
and explain to all that these huge commissionable computerized trading volumes
like never before are a net negative in a very big way … that’s a fact … that’s
economic reality in real terms … then explain in cogent, fact-based fashion
beyond the war mongering rhetoric how the trillions spent on these contrived
and illegal (ie., Iraq, etc.) wars are worth the trillions spent bankrupting
this nation and spilling innocent blood and including as well, the blood of
u.s. soldiers. Then explain how the frauds on wall street by the biggest frauds
remain unprosecuted. Pathetic! Truly pathetic!
The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed ! They’ve used the contrived mideast turmoil and their wars
to obfuscate and divert attention from their failure. Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Senate
Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a hard
place called Afghanistan; indeed they are. [ Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Jones
FLASHBACK: Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the
unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall
street ( and declares with oscar in hand that not one high level wall street
exec has been prosecuted … despite ‘earning’ billiions from the fraud ) . UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and
personal testimony, an ex-Justice official who quit over the handling of a
voter intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has
promised to hold Wall Street accountable for the meltdown.
‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Permanent
U.S. Iraq and Afghanistan Occupations Planned Stephen Lendman | In total,
known Pentagon bases way exceed 1,000.
The Plan to Destabilize
Syria Thierry Meyssan | Efforts to overthrow the Syrian
government have a lot in common with what has been undertaken in Libya.
US
official urges ‘immediate’ power transfer in Yemen AFP | Top US
official Jeffrey Feltman called Thursday for an “immediate” transfer of power
in Yemen.
Drone
Airplane Crashes Into Roof Of Damaged Fukushima Reactor #2 Fukushima, which has yet to be wrapped up into the
world’s most surreal Christo project, has now entered the realm of the sitcom
farce.
Mexican
troops cross into the United States A convoy of three military trucks loaded with Mexican soldiers crosses the
border at Bridge Number Two clearly violating international law.
Pentagon
Moves to Expand War in Pakistan Now that Obama will go into the silly season of American presidential
politics claiming he ended the occupation of Afghanistan, it is time for the
Pentagon to get serious about its effort to destabilize Pakistan and prepare
for the next world war.
Perry
Supporter Claims Alex Jones Works For Obama Following our exposé of potential Republican presidential candidate Rick
Perry’s globalist leanings, several neo-con news outlets reacted with a mixture
of contempt, fury and in one case, outright frothing idiocy, by claiming that
Alex Jones and Infowars were fully paid-up propagandists for the Obama 2012
re-election campaign.
Obama’s
Drawdown Speech: More Orwellian Lies Obama begins his speech by claiming Osama bin Laden and al-Qaeda attacked
the United States on September 11, 2001. Like his predecessor, the government,
and the corporate media, he does not offer any evidence but simply states it as
fact.
The War President Barack Obama, once hailed as the anti-war president, was
awarded the Nobel Peace Prize for—supposedly—his extraordinary efforts to
strengthen international diplomacy and cooperation between people.
Robinson:
Why does the Afghan war go on? (Washington Post) [ Well, there’s one person who minces no words
as to why: Drudgereport: FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... Minister
Farrakhan: “That’s A Murderer In The White House!” Minister
Farrakhan exposed the U.S. and NATO’s criminal War Libya and Africa during a
June 15, 2011 Press Conference at the UN Plaza Hotel. Then there are, beyond
the regional proximity to oil and an american induced resurgent poppy / heroin
production / trade (the Taliban had all but eradicated same). After all,
pervasively corrupt, defacto bankrupt america is into the illegal drug trade in
a very big way. Obama’s Drawdown Speech: More Orwellian Lies Kurt Nimmo | The U.S.
government has no intention of ending the war and bringing home all of the
troops. Obama:
Time for ‘nation building’ at home
‘Surge’
troops to be ordered home Departure plan
will remove 33,000 troops faster than Obama’s commanders requested but more
slowly than many of his political allies would like. (Washington Post) [ Well,
in a certain sense he’s chronologically correct … finish the job of destruction
at home … yeah … it’s true … they haven’t the slightest idea what they’re doing
and no matter what or where, pervasively corrupt, defacto bankrupt america’s
touch is an invariably destructive, negative touch (‘nation building’ the coy,
euphemistic phrase for what is in fact ‘nation destroying’, regardless of spin,
propaganda, and outright lies). Obama’s
task: Keep support for Afghan war The president’s prime-time address on
plans to gradually withdraw troops must remind a skeptical electorate and a
concerned Congress that the country’s longest war remains worth fighting — and
funding. (Washington Post) [ Obama’s task? Support for this nation’s
self-bankrupting Afghan (among other) war(s)? Geeh! Silly me! And all the while
I thought wobama’s task was to bring to fruition all those laudable campaign
promises; viz., jobs / economy not wars, prosecution of the frauds on wall
street responsible for the crisis, etc.. What a total fraud wobama is. Obama’s
semantics draw criticism on Libya (Washington Post) [ Semantics? If it
were only wobama’s semantics that drew criticism. But, one must concede that
when fellow black Farrakhan is weighing in thusly: Drudgereport: FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... Minister
Farrakhan: “That’s A Murderer In The White House!” Minister
Farrakhan exposed the U.S. and NATO’s criminal War Libya and Africa during a
June 15, 2011 Press Conference at the UN Plaza Hotel. (I wonder what Chinese mascot ‘the black mamba’ has to say ‘The Chinese people's love of
american basketball star Kobe
Bryant’… Kobe Bryant China Aug 20, 2008
... Beijing It's Kobe's team, in China , anyway… Sprite
China Kobe Bryant Feb 23, 2011 ... Sprite China has paired up NBA Star Kobe Bryant of the LA Lakers … who has supplanted
their own ’yellow / red bamba’; viz., Yao Ming.), wobama’s really got problems
(you know, that unflinchingly loyal 18%).
Sen.
Conrad: $2 trillion not enough
Democratic chairman of budget committee is pushing for deeper cuts in
any debt-reduction deal. Lawmakers
fear time is running out to slice $2 trillion from the budget In six weeks,
negotiators must strike a bipartisan compromise and persuade a bitterly divided
Congress to support it. (Washington Post) [ Ah, there you have it. That
nebulous, ‘fudgeable’, over a period of time thing … ‘$4 trillion in
savings by 2021 to avoid a debt crisis. Others view $2 trillion as
impossibly ambitious...more borrowing authority for a nation already mired in
red ink.’…Some have been less than optimistic in their prognosis Davis ‘This is how we pay off our current debts and I
think bondholders are simply happy to get anything out of a country that admits
it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire
global GDP) in the form of unfunded liabilities. The funniest thing about this
(and you have to laugh) is to see Conservative pundits get on TV and talk about
how we need to cut $100Bn worth of discretionary spending to "fix"
this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for
the top 1% each year). There is no fixing this and even a Republican said you
can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS
– PLEASE BE CAREFUL OUT THERE! ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
Though having but 5% of the world’s population, the u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and
personal testimony, an ex-Justice official who quit over the handling of a
voter intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t
think so! I do believe that both nations are regressively but nostalgically
trying bring the world back to failed geopolitical paradigms that made the 20th
century the bloodiest century, not coincidentally the american century
(obviously for israel the latter half century). Yet, such a conditioned
psychopathic approach to global matters has led them self-destructively,
self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs,
extinction, at least in a manner of speaking. Global information exchange at
lightning speed has made such throwbacks to a lost era, propaganda, and
maladaptive traits foolish at best, deadly at worst. Intelligent people
worldwide aren’t buying the obsolete, Orwellian approach fostered by the
purveyors of global unrest; viz., israel, america, Orwellian england, etc.;
more specifically, diversion of the masses from the glaring failures of
leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
World
War III Defined: Wider War Unfolding in Middle East It’s time to identify the unfolding Middle East crisis
for what it is– a wider world war. Alex Jones analyzes the more than nine years
of expanding middle east conflict since 9/11, with the U.S. now engaging in 5
simultaneous proxy wars including Iraq, Afghanistan, Libya, Pakistan and Yemen.
What
else is radical in Pakistan Expressing pro-America sentiments
requires a degree of boldness that verges on a death wish. (Washington Post) [
And believe it, not just Pakistan. After all, empathy / ability to empathize is
what supposedly in large part separates humans from other purportedly lower
animals. What would be the attitude of an american in america to a similarly
destructive, murderous force from abroad in america, you know, boots on the
ground as well as bombing (and not that contrived ‘pearl harbor event’ on 911
for the sake of the military industrial complex, israel, and neocon talking
points – who gave that stand-down order)? Indeed, this would be untenable
position for any foreign nation much less the pervasively corrupt, high crimes,
war crimes, meaningfully lawless nation in decline and fall america has become.
After all, america’s hardly the shining beacon of light in the world today as
viewed domestically as well as internationally, and infra, america has the
crime stats to prove it. Then there’s the defacto bankruptcy of america which
is lost on no one and no nation. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
Though having but 5% of the world’s population, the u.s. has 76% of the world’s
serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature.. Focus
Is on Obama as Tensions Soar Across Mideast
(NYT) [ Adapt? I don’t think so! I do believe that both nations are
regressively but nostalgically trying bring the world back to failed
geopolitical paradigms that made the 20th century the bloodiest century, not
coincidentally the american century (obviously for israel the latter half
century). Yet, such a conditioned psychopathic approach to global matters has
led them self-destructively, self-defeatingly, and ineluctably to decline,
fall. .. Orwellian approach fostered by the purveyors of global unrest; viz.,
israel, america, Orwellian england, etc.;more specifically, diversion of the
masses from the glaring failures, economic and otherwise.
THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
U.S.
Senate investigates claim CIA tried to smear U-M prof NIRAJ WARIKOO | “Depending
on what we find, we may take further action,” said Dianne Feinstein.
Nicolas
Sarkozy accuses Robert Gates of ‘bitterness’ The Telegraph | Gates
criticized European allies for the reliance on the US military, warning them
that they were putting Nato’s future at risk.
Mob boss brought back to Boston; will
he sing? DENISE LAVOIE BOSTON (AP) — James "Whitey" Bulger's capture could
cause a world of trouble inside the FBI.
The ruthless Boston crime boss who spent 16 years on the
lam is said to have boasted that he corrupted six FBI agents and more than 20
police officers. If he decides to talk, some of them could rue the day he was
caught.
"They are holding their breath, wondering what he
could say," said Robert Fitzpatrick, the former second-in-command of the Boston
FBI office.
The 81-year-old gangster was captured Wednesday in Santa
Monica, Calif., where he apparently had been living for most of the time he was
a fugitive. He appeared Friday afternoon inside a heavily guarded federal
courthouse in Boston to answer for his role in 19 murders.
Bulger, wearing jeans and a white shirt, looked tan and
fit and walked with a slight hunch at back-to-back hearings on two indictments.
He asked that a public defender be appointed to represent him, but the
government objected, citing the $800,000 seized from his Southern California
apartment and his "family resources."
"We think he has access to more cash," said
prosecutor Brian Kelly.
At the second hearing, Bulger took a swipe at prosecutors
after Magistrate Judge Marianne Bowler asked him if he could afford to pay for
an attorney.
"Well, I could, if they would give me my money
back," he replied in his unmistakable Boston accent, prompting laughter in
the courtroom.
Kelly implied that Bulger's cash came from illegal
activities.
"He clearly didn't make that on a paper route on
Santa Monica Boulevard," he said.
Prosecutors asked that Bulger be held without bail,
saying he is danger to the community and may try to threaten witnesses.
"He's also, quite obviously, a risk of flight,"
Kelly said.
Kelly also said Catherine Greig, Bulger's longtime
girlfriend who was arrested with him, told court officials that Bulger's
brother may be willing to assist him in posting bail.
Bulger did not ask for a detention hearing, but his
lawyer said he may later make an argument that Bulger should be released on
bail while awaiting trial.
The amount of money found in Bulger's apartment confirmed
a longheld belief by investigators that he kept large stashes of cash for a
life on the run.
"We clearly don't think this is his last
stash," Kelly said.
When Bulger walked into the courtroom, he saw his brother
William, the former powerful leader of the state Senate, seated in the second
row. Whitey Bulger smiled at him and mouthed, "Hi." His brother
smiled back.
Greig appeared in court a few minutes later on charges of
harboring a fugitive. She asked for a hearing to determine whether she can be
released on bail, and one was scheduled for next week.
Bulger, the former boss of the Winter Hill Gang, Boston's
Irish mob, embroiled the FBI in scandal after he disappeared in 1995. It turned
out that Bulger had been an FBI informant for two decades, feeding the bureau
information on the rival New England Mafia, and that he fled after a retired
Boston FBI agent tipped him off that he was about to be indicted.
The retired agent, John Connolly Jr., was sent to prison
for protecting Bulger. The FBI depicted Connolly as a rogue agent, but Bulger
associates described more widespread corruption in testimony at Connolly's trial
and in lawsuits filed by the families of people allegedly killed by Bulger and
his gang.
Kevin Weeks, Bulger's right-hand man, said the crime lord
stuffed envelopes with cash for law enforcement officers at holiday time.
"He used to say that Christmas was for cops and kids," Weeks
testified.
After a series of hearings in the late 1990s, U.S.
District Judge Mark Wolf found that more than a dozen FBI agents had broken the
law or violated FBI regulations.
Among them was Connolly's former supervisor, John Morris,
who admitted he took about $7,000 in bribes and a case of expensive wine from
Bulger and henchman Stephen "The Rifleman" Flemmi. Morris testified
under a grant of immunity.
In addition, Richard Schneiderhan, a former Massachusetts
state police lieutenant, was convicted of obstruction of justice and conspiracy
for warning a Bulger associate that the FBI had wiretapped the phones of
Bulger's brothers.
Edward J. MacKenzie Jr., a former drug dealer and
enforcer for Bulger, predicted that Bulger will disclose new details about FBI
corruption and how agents protected him for so long.
"Whitey was no fool. He knew he would get caught. I
think he'll have more fun pulling all those skeletons out of the closet,"
MacKenzie said. "I think he'll start talking and he'll start taking people
down."
A spokesman for the Boston FBI did not return calls
seeking comment. In the past, the agency has said that a new generation of
agents has replaced most or all of the agents who worked in the Boston office
while Bulger was an informant.
A law enforcement official who requested anonymity
because of the ongoing investigation told The Associated Press on Friday that
FBI agents lured Bulger out of his., apartment earlier this week by telling him
someone had broken into his on-site storage unit. The official said Bulger
walked out of the apartment, was arrested without incident and consented to a
search of the premises.
Some law enforcement officials said they doubt Bulger
will try to cut a deal with prosecutors by exposing corruption, in part because
he will almost certainly be asked to reveal what contact he had with his
brothers while he was a fugitive and whether they helped him in any way.
"If Bulger talks, he would have to talk about his
brothers, and I can't see that happening, said retired state police Detective
Lt. Bob Long, who investigated Bulger in the 1970s and '80s."They are not
going to take selective information from him — it's either full and complete
cooperation or nothing."
Criminal defense attorney and former Drug Enforcement
Administration agent Raymond Mansolillo said Bulger may not have any incentive
to talk. "The FBI may say, 'You're going to jail or you're going to be
killed. We're not offering you anything,'" said Mansolillo, who once
represented New England crime figure Luigi "Baby Shacks" Manocchio.
But retired Massachusetts state police Maj. Tom Duffy,
one of the lead investigators in the Bulger case, said Bulger may agree to talk
if he thinks it could help his girlfriend.
"It's very possible he's concerned about her
well-being — she was with him for 16 years and was very loyal to him,"
Duffy said. "That may be a bargaining chip for the government during
negotiations."
The question of whether Bulger will be given a public
defender will be decided later. A hearing was scheduled for Tuesday. He did not
enter a plea.
Bulger is "looking forward to facing the charges
against him," said Peter Krupp, a lawyer assigned to represent Bulger for
purposes of Friday's hearing only.
Among the onlookers at the courthouse was Margaret
Chaberek, who grew up in Bulger's home turf of South Boston. "I'm here to
see him get what he deserves," she said.
Ina Corcoran of suburban Braintree came on her day off to
witness a piece of history and sat on a bench outside the fifth-floor courtroom,
saying it was like being there to see Al Capone.
"If you could go back in time to be in that
courtroom, wouldn't you?" she said.
___
Associated Press writers Johanna Kaiser, Laura Crimaldi
in Providence, R.I., Curt Anderson in Miami and Greg Risling in Los Angeles
contributed to this report.’
Drudgereport: TEMPLETON
chairman: Financial Crisis 'Around Corner'... 'WE
ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...' CHINA:
USA 'ALREADY DEFAULTING'...
JOBLESS
WEAK: 429,000... ...disappointed Economic
trouble puzzles Fed chief...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... THE NEW
'NORMAL' GALLUP
PLUNGE... Approval
-4, disapproval +5 -- in one day!
DOWN
TO THIRD: USA 'TO FALL BEHIND INDIA' IN TRADE... DEM
FIX: MORE SPENDING! Bernanke
speaks, stocks sink... FORBES:
'Admits he's clueless'...
CBO:
Long-Term Debt Picture Worsens... Would
reach 101% of GDP by 2021... STUDY:
State, local gov'ts must raise taxes $1,400 a year for
30 years to fund pensions...
Millionaires
shrug off downturn; Wealthy richer than before crisis...
Zuckerman:
'We now have more idle men, women than at any time since Great Depression'...
SHOCK
POLL: ONLY 3 in 10 WILL VOTE FOR OBAMA... 66%
say US headed in 'wrong direction'...
Greece
Agrees on New Austerity Plan With EU, IMF... ANGER
IN ATHENS... 'BLACK
HOLE'...
WH
TRANSCRIPT: 'Over the last 15 months we’ve created over 2.1 million private
sector jobs. (Laughter.)'...
REPORT:
GANNETT to slash more jobs across the country… [ No surprise here for this
pathetic shill, rag publisher. The only real newspaper consistent with a
tradition of courage, excellence, and respect for the first amendment is The
Washington Post …] ...
DEBT
TALKS BREAKDOWN; TAX BUST
S&P:
Risk of U.S. credit rating downgrade increased...
Chicago
county faces $108 billion
gap in pensions....
Greek
Streets 'Explosive'... PM
wins confidence vote 'but outlook remains dire'...
Huntsman
announces presidential bid at Statue of Liberty... Harry
Reid endorses... Bachmann
surges to primary lead...
Iraq
hunting $17 billion missing after U.S. invasion... NATO
NIGHTMARE: 9 CIVILIANS KILLED NATO strike kills 15 Libyan civilians ]
Census:
Whites lose majority among babies... German
Giant Says US Workers Lack Skills... PAPER:
AMERICA'S LOST DECADE? States
look to Internet taxes to close budget gaps...
SPANIARDS
ON MARCH OVER BLEAK PROSPECTS...
House will move this week to limit funding for effort in Libya...
'DON'T
BE SURPRISED IF ATHENS GOES UP IN FLAMES'... GREEK
PM PLEADS FOR UNITY! ...warns
against default Threat
to downgrade Italian debt raises contagion fears... Princess
Diana Conspiracy Movie Headed to Theaters...
]
PAPER:
AMERICA'S LOST DECADE?
Bachmann:
Obama 'has failed' blacks, Hispanics... Presidential
no-show miffs Hispanics... African-American
unemployment at 16%...
]
SHE'S
OFF! (on the road again) Michelle Obama embarks on Africa visit … (stay there!)
... Michelle Obama Admits: 'Fortunately, We Have Help From The Media'... CHICAGOLAND:
Rahm's Top Cop Blames Gangs, Crime on 'Gov't-Sponsored Racism'... Likens
federal gun laws to 'racism'...
Teen
Mob Of 50 Hits Chicago WALGREENS... Teen
brutally beaten by mob of blacks; cops
mull 'lynching' charge... Princess
Diana Conspiracy Movie Headed to Theaters... [ British
queen arrives in Ireland Queen Elizabeth II’s visit overshadowed by security
scares. (Washington Post) [ ‘How sweet she is’ … that ‘sweet liz’ … that is
… Diana
film causes stir at Cannes “Unlawful
Killing” has a combination of celebrity, controversy and canny hype-mongering.
(Washington Post) [ Let’s not kid
ourselves … and, Dodi Fayed’s father was no dope and knew the score. Indeed,
it’s not coincidental that William’s the over-riding favorite of granny Liz II;
after all, Harry’s the bastard son of Hewitt (don’t buy into their DNA proffer
which they did buy – you know, that ‘bloodline thing’). Moreover, it was
reported that Diana had another ‘potential challenger in the oven’ at the time
of her death and we all know how dicey such english affairs of state can be
(ie., Henry VIII, Richard III, etc.). Then there’s the contempt of Diana for
having brought the son of her bosom, Chas, down. Do I think she said flat out
‘kill Diana’. No … more of a ‘do what’s necessary’ to mi6 et als. Ultimately,
William will require some substantial
therapy to sort out this looming conflict. After all, Diana was his
mother. Drudgereport: British
woman decapitated in grocery store; killer flees with head... Cannes:
Diana doc slams UK royals as 'gangsters'... ]
STOCKS
MAKE INCREDIBLE COMEBACK AFTER HUGE PILE OF BAD NEWS: Here's What You Need To
Know Business Insider [ You need to know that the bad news is at least reality
and probably worse, and that tomorrow, etc., the b***s*** spurring rally will still be b***s***! ] Joe
Weisenthal, On Thursday June 23, 2011, 4:00 pm EDT
It could have been a real disaster today!
But first, the scoreboard:
Dow: -53.16
And now, the top stories:
(Meanwhile,
PMI data in both China and Europe was bad)
In the US,
there were more unhelpful headlines. Initial claims were ugly. The Chicago
Fed index was mediocre, and the big one: The debt ceiling negotiations have collapsed , as we
inch ever closer to that drop-dead day August 2.
At 9:00 AM ET, the IEA dropped a huge shocker : The US
and other countries would be opening their strategic petroleum reserves.
Oil had already been dropping, and this just made the selling more
aggressive. Naturally Obama was slammed for using "emergency"
reserves during a period of merely tight supply. Big oil companies got
crushed.
Early on,
the Dow was down 200 points.
And yet...
the markets were amazingly resilient. The NASDAQ actually closed green on
a big rally in tech. Apple, which has been laggy lately, was a big gainer.
The Russell 2000 had a shockingly strong day as well.
Late in
the day: Markets caught a bid on news that the Greek government had agreed to a deal
on austerity with the EU, but it really isn't that important, since the
real hurdle is the austerity voting. Still, it helped ease the pain a
little bit.
Financial sector layoffs rise, more cuts ahead (Reuters)
Losing Another Decade Bill Bonner ‘Great
Speculations Buys,
holds, and hopes An article in The Financial Times tells Americans they may face a “lost decade,” like the Japanese in the
’90s…Energy use in the US peaked in 1997. Real US GDP peaked a few years later.
Since then, it’s been downhill for the economy.From memory…US GPD didn’t hit 10
trillion dollars until about 2000. Now, it’s about $14 trillion. Nice growth,
huh? But wait. We know that a lot of that was phony, debt-fueled growth. It was
phony because it raised living standards to a level that people couldn’t really
afford. Or to look at it another way, it drew on earnings that hadn’t happened
yet…and maybe never would. But how much of that $4 trillion worth of GDP is
real and how much is phony? We don’t know. But we note that the federal deficit
is about $1.5 trillion, which is as phony as a $3 bill. Subtract that and you
have a gain of $3.5 trillion over 10 years…or about $350 billion per year.Let’s
see, adjust that for population growth. Subtract phony private sector
debt-fueled growth too. And properly adjust for inflation. What do you get? You
get a lost decade. Another
Lost Decade by Bill Bonner originally appeared in
the Daily Reckoning .’
New
Home Sales Dropped This Much in May Wall St. Cheat Sheet
Federal Tax Receipts Show Economy Grinding to a Halt
Technicals Knew what Bernanke Didn't: Stocks will Tank! But How
Much? Simon Maierhofer June 23, 2011
The more FOMC meetings go by, the more they remind me of
cotton candy.
Every meeting gets hyped up and whets your appetite for
solid tidbits of financial guidance, yet every FOMC meeting leaves me
unfulfilled and unsatisfied, just like cotton candy. There's much fluff but no
substance.
For what it's worth, lets dissect some of Bernanke's
statements and its implications for stocks. More importantly, we'll take a
look at what the stock market has said and will say, and how this matches up to
technical analysis. You may be surprised just how accurate the market's subtle
signals have been.
About QE3
Bernanke said that a new asset purchase program
(something like QE3) won't be discussed for at least another two to three FOMC
meetings (the next FOMC meetings are scheduled for August 9, September 20,
November 1, 2).
He added that the economy is in a different position
today than it was last year. Interestingly, he specifically noted that today's
situation is just that, different, but not where they'd like it to be. In other
words, no QE3 is needed right now.
About Banks
Bernanke didn't specifically talk about bank's health,
but mentioned this: 'We don't have a precise read on why this slower pace of
growth is persisting. Maybe some of the headwinds like weakness in the
financial sector ... are stronger than we thought.'
It seems like Sherlock hit the head on the nail there. Of
the 7,574 federal insured banks, 11.7% are on the FDIC's problem list. It is
not surprising that the Financial Select Sector SPDR (NYSEArca: XLF - News ), the SPDR KBW
Bank ETF and the SPDR KBW Regional Banking ETF (NYSEArca: KRE - News ) trade below
their 200-day moving average.
About GDP
The 2011 Gross Domestic Product (GDP) forecast was cut to
a range of 2.7% - 2.9% from a prior range of 3.1% - 3.3%. 2012 GDP has been
revised to a range of 3.3% - 3.7% from 3.5% - 4.2%.
Keep in mind that government spending accounts for 26% of
GDP. Furthermore, GDP does not distinguish how government spending is financed.
Yes, all the government spending that has brought the country to the brink of
insolvency is reflected in GDP. It's time to rethink using GDP as the ultimate
economic growth indicator.
About Treasuries
There's much speculation about the future direction of
long-term Treasuries. I could add my own two cents to the mix, but quite
frankly at this point there is no high probability set up.
However, I see that the iShares Barclays 20+ Year
Treasury ETF (NYSEArca: TLT - News ) is above the
50 and 200-day moving average and barely above the 20-day MA. But TLT is also
below a trend line that has rejected all advances for over 3-months.
Any major move will either have to break below the 20-day
MA or above the trend line. Knowing this allows us to formulate high
probability trading strategies (detailed analysis on TLT and Treasury available
via the ETF Profit Strategy Newsletter).
About Europe
Here's how Bernanke summed up the situation in Europe:
'Failure to resolve the Greek situation would pose threats to European and
global financial systems and European political unity. It's one of several
potential financials risks we are facing.' Does Benny B. think the European
debt situations is worse than the media leads us to believe?
About the only Authority
There are many opinions about what stocks (NYSEArca: VTI - News ) may or may
not, or should or should not do. But none of that matters, because the final
and only authority is the market itself. That's why it makes sense to listen to
the market and to the market only.
The chart below lists various support/resistance levels
for the S&P 500 (SNP: ^GSPC). To keep it simple, I've omitted various
weekly and monthly pivots. It's important to note that we don't draw trend
lines or Fibonacci levels, the market does. We simply connect the dots. It
doesn't matter if you analyze the S&P, the Dow Jones (DJI: ^DJI), the
Nasdaq (Nasdaq: ^IXIC) or the Russell 2000 (Chicago Options: ^RUT).
http://www.etfguide.com//contributor/UserFiles/8/Image/spx%206%2023%2011.gif
In hindsight it's always easy to interpret why the market
did what. Let's take a look at what the ETF Profit Strategy Newsletter said
about the various support/resistance levels shown in the chart BEFORE the
S&P encountered them.
April 3, about S&P 1,369: 'There is strong Fibonacci
resistance at 1,369. In terms of resistance levels, the 1,369 - 1,xxx range is
a strong candidate for a reversal of potentially historic proportions.'
May 3, about S&P 1,369: Recommendation to short the
S&P against 1,369 with a tight stop-loss. The S&P topped the very next
day at 1,370 and tumbled over 110 points thereafter.
June 5, about S&P 1,298: 'A close below 1,298 would
open the door for a retest of the important 1,255 Fibonacci level. Anyone who
is not short but wants to be may take a short position if the S&P moves
below 1,298 with a stop-loss at 1,304.' The very next day the S&P sliced
through 1,298 support and fell as low as 1,258.
June 15, about S&P 1,259: 'The 200-day SMA at 1,257
is sandwiched between the 1,255 Fibonacci projection level dating back to 2002
and this week's s1 at 1,259. Wednesday's low was at 1,261.9. If this low is not
enough, there is a strong cluster of support at 1,259 - 1,245. A drop into the
1,259 - 1,245 range would prompt us to close out short positions and leg into
long positions.'
The next day the S&P bottomed at 1,258 and rallied as
high as 1,298.
June 21, about S&P 1,298: The S&P triggered a
bearish low-risk entry. The recommendation was to go short with a stop-loss at
1,299. If you enjoy more technical lingo, here is the original trade tip:
'The trade based on percentR is to go short with a stop-loss
(based on closing prices) at today's high (1,297.62). Because of the close
proximity to the Fib level at 1,298.5, let's put the stop-loss at 1,299.'
Leading up to Bernanke's speech, the S&P traded as
high as 1,298.61 and faded away.
June 22, about new lows: 'There is only one support level
between yesterday's close and the 200-day SMA at 1,262. If the market is going
to drop that far, it will probably take out the 1,259 low and minimally test
the 1,255 Fibonacci support or the 1,250 trend line.'
Cotton Candy or the Real Deal
There is no doubt that QE2 has altered the performance of
stocks (NYSEArca: IVV - News ) and
commodities (NYSEArca: DBC - News ). The absence
of QE2 will probably alter their performance as well.
But I don't use the cotton candy-like analysis provided
by Mr. Bernanke or Wall Street. Listening to the market has proved far more
effective…’
UPDATE
1-High yield bond funds suffer record outflow-Lipper at Reuters
AAII
Sentiment Survey: Do Investors See a Double Dip Recession? Wall St. Cheat
Sheet June 23, 2011 Bullish
sentiment , expectations that stock prices will rise over the next six months,
jumped 8.5 percentage points to 37.5% in the latest AAII Sentiment Survey. This
is an eight-week high for optimism that stock prices will rise over the next
six months. It is also, however, the 10th consecutive week that bullish
sentiment has been below its historical average of 39%.
Neutral sentiment , expectations that stock prices will
stay essentially flat over the next six months, declined 1.4 percentage points
to 26.8%. The historical average is 31%.
Bearish sentiment , expectations that stock prices will
fall over the next six months, dropped 7.0 percentage points to 35.7%. This is
a three-week low for pessism. Nonetheless, bearish sentiment is above its
historical average for the 17th time in 18 weeks.
An end to the market’s six-week losing streak gave
individual investors hope that stock prices are stabilizing. Even with the
improvement in sentiment, pessimism remains high and is above average for the
longest period of time in approximately a year. (Bearish sentiment never dipped
below 30% during the 18-week period of from May 13 to September 9, 2010.) The
failure of Washington to reach an agreement on the debt ceiling and the slow
pace of economic growth remain key concerns for individual investors.
This week’s special question asked AAII members if the
economy has merely slowed or if the risks of a double-dip recession have increased
significantly. Approximately two-thirds of respondents said the economy has
slowed, but will not fall into a double-dip recession. One-third said the risks
of a double-dip recession have increased.
Here is a sampling of the responses:
“The
economy has only slowed—it would take another economic shock to take us
back into a recession.” “The
economy has merely slowed, in part due to Washington’s wrangling. Resolve
the debt ceiling so we can move on.” “The risk
of another recession has increased, but I believe there is still less than
a 50% chance of it occurring in the next 12 months.” “The risks
of a double-dip recession have significantly increased. The government
does not know how to fix the economy.” “However
the recession is described, the economy cannot recover until millions of
decent paying jobs are created.”
This week’s AAII Sentiment Survey
results
Bullish:
37.5%, up 8.5 percentage points Neutral:
26.8%, down 1.4 percentage points Bearish:
35.7%, down 7.0 percentage points
Historical Averages
Bullish:
39% Neutral:
31% Bearish:
30%
Charles Rotblut
is the author of the new book Better Good than Lucky: How Savvy Investors Create Fortune with
the Risk-Reward Ratio . The AAII Sentiment Survey has been conducted
weekly since July 1987 and asks AAII members whether they think stock prices
will rise, remain essentially flat, or fall over the next six months. The
survey period runs from Thursday (12:01 a.m.) to Wednesday (11:59
p.m.). The survey and its results are available online at http://www.aaii.com/sentimentsurvey ‘
Top 3 Reasons Markets Fell After Bernanke’s News Conference Minyanville's
T3 Daily Recap: Market Slumps as FOMC Votes to End QE2, Lower GDP Estimates T3Live.com Jun
22, 2011 ‘The market was unable to build on yesterday's strong oversold bounce,
turning lower in the afternoon after Ben Bernanke's Fed policy press conference . The FOMC voted unanimously to end the $600 bond buying
package famously dubbed QE2, and maintained the same "extended
period" language in regards to keeping rates low. Perhaps the curveball
that concerned investors was a downward revision of GDP growth forecasts, which
come as a result of the slower than expected economic recovery. Several leading
stocks from yesterday were able to push higher early, but most put in nasty
tails that could signal some downside or choppy action to come in the immediate
future . Amazon.com, Inc. ( AMZN ) was actually weak from the get-go, falling back down into
its 50-day moving average. Apple
Inc. ( AAPL ) was strong in the first half hour but quickly turned
down, depriving the market of its leader.
[ I like apple (the first computer I ever bought) and was
rooting for them (not just because wintel based pc’s are so pathetic) and glad
they survived; but, apple / apple products are significantly over-priced and
over-valued which is the purblind
sizzle fraudulent wall street loves and sells, as in the last few crashes.] The ags got hit as wheat and corn were down again. Precious
metals lost momentum as the Fed, for the time being, ended their inflationary
asset buying program. Expect some digestion and choppy action in the coming
days, especially ahead of Friday's Greece vote, where the market will hope the
troubled country can pass the latest round of austerity measures.’
Is
The Bull Market Over? [ Short answer, Yes! ] at Forbes William Scott O'Neil ‘On May 23, I
posted an article on Intelligent Investing titled Is
the Bull Market Topping? Since then I’ve continued to interpret
the facts and market action. Amidst persistent choppy gains and losses, I’m
further convinced of a downtrend.
In our shop, however, we never dig in our heels when it
comes to the stock market; we remain flexible in our thinking. Quite frankly, I
would love to have the market prove me wrong and resume a meaningful uptrend.
Remember, there is never really a bull or bear side, just the right side.
However, my big concern at this point is the lack of a
catalyst. For the risk-reward ratio to improve in our favor, I believe we need
resolution on some of the more pressing domestic and international issues. Some
of the most respected minds in the market have recently told me that, in all
their years in the industry, they have never seen so many major issues
happening across the world at the same time.
Certainly meaningful job growth in this country would
help. And the way to grow jobs is through the creation and expansion of
businesses, particularly small businesses. Small business creates roughly 85%
of all jobs in this country. We also have to implement an effective solution to
the real estate housing glut.
Studying the recovery phase of the last seven major bear
markets (those down 45% or more, peak to trough), the average gain in year
three was 3%. We are now in year three. So, to me, the best-case scenario right
now is a continuation of a sideways, back-and-forth, volatile market, which is
the most dangerous type.
A choppy market is much more dangerous than a down
trending market (assuming the investor uses selling rules). Thus my
interpretation of the risk-reward at this time is very, very poor.
We will inevitably get several short-term bounces, but
will they be significant enough to build substantial positions over time?’ [
Short answer, No! ]
Crumbling
Cuba Offers Economic Advice to White House at Minyanville
[ The irony here is so obvious that I’ve not even wasted space. Communism is
such a total fraud, where ‘everybody’s equal except some bureaucrats /
party-members are ‘more equal’ than others’. Yet, pervasively corrupt, defacto
bankrupt america is no longer the antithesis of said failed ideology, but
rather also now a failed regime on similar theme where bureaucrats /
party-members and those connected, financially or otherwise, to them are ‘more
equal’ than others’. As for the pictures, you can find plenty just like them
right here in the ‘good ole u.s. of a.’
Infographic:
Some People Call it Groupon, Some Call it "Grouponzi" Minyanville Staff June 22, 2011 ‘A
game-changing Minyanville article about Groupon's business model was part of
the inspiration behind this clever infographic. [ ‘It is a well done graphic which you
can check out here by clicking’ ]
Jim
Cramer Hitting His Most Bearish Notes at Forbes Heather Struck [ As I’ve
previously been saying, yes this is a secular bear market!
Retirement
As We Know it Is “Dead”: EuroPacific’s Pento The Daily
Ticker [ States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 … And that’s just the
part of the public sector that’s on the radar owing to budget scrutiny … the
reality is much worse across the board! ]
‘We
now have more idle men, women than at any time since Great Depression’ Mortimer B.
Zuckerman | The Great Recession has now earned the dubious right
of being compared to the Great Depression.
Internal
IMF Audit Finds Bailout Fund Has Zero Credibility Zero Hedge | The
observation that the IMF has no credibility whatsoever has been well known for
a long time by all market skeptics.
Wall
Street made out on QE2, Main Street lost Brett Arends | Federal Reserve’s
$600 billion program of “quantitative easing” has been great for Wall Street.
Fed
freezes policy despite slow US economy AFP | The Federal
Reserve left monetary policy in neutral as it slashed US economic growth
estimates.
Jobless claims
rise more than expected Reuters | Little
improvement in the labor market this month after employment stumbled in May.
Greeks Turn Savings To
Gold Gold Core | Greek citizens are emptying savings
accounts and buying gold as they brace themselves for the possibility of a
sovereign default and a run on the banks.
Jobless
Claims in U.S. Rise More Than Expected More Americans than forecast filed first-time claims for unemployment
insurance payments last week, showing companies are less confident about the
expansion than they were earlier this year.
Another
Exchange Halts Levered OTC Gold And Silver Trading Last week it was Forex.com, now it is Oanda. As a
reminder “Forex.com, a large retail foreign-exchange operation, on Friday told
clients it will discontinue its gold and silver over-the-counter products
marketed to retail investors who are U.S. residents.
Fed:
Economy has lost momentum Central bank says it will keep interest rates near zero
to prop up growth, let bond program expire. (Washington Post) [ Reality bites …
just wait till it really does … lost momentum? … sure could have fooled us,
Drudgereport: Zuckerman:
'We now have more idle men, women than at any time since Great Depression'... Bernanke
speaks, stocks sink... FORBES:
'Admits he's clueless'...
TEMPLETON
chairman: Financial Crisis 'Around Corner'... 'WE
ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...' CHINA:
USA 'ALREADY DEFAULTING'...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... THE NEW
'NORMAL' GALLUP
PLUNGE... Approval
-4, disapproval +5 -- in one day! DEM
FIX: MORE SPENDING! CBO:
Long-Term Debt Picture Worsens... Would
reach 101% of GDP by 2021... STUDY:
State, local gov'ts must raise taxes $1,400 a year for
30 years to fund pensions...
Millionaires
shrug off downturn; Wealthy richer than before crisis...
… must be using micrometers to measure
the difference, and at what cost for the head fake / obfuscation, and with much
worse to come, let’s all now in unison get real : Dave's
Daily 'If you can
keep interest rates this low this long, its inevitable cheap financing can
allow companies to start cobbling each other up. Further Ben's policies allow
companies like IBM to sell bonds at 1% and buy back shares with the proceeds
(total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed ! The previous so-called (4 day) ‘rally’ was based on
b***s*** alone to keep the suckers suckered and for ‘smarter money ‘ along with
the frauds to sell into. This is an especially great opportunity to sell / take
profits while you still can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If
You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [
He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock
sales is telling. At 565 sells for every 1 buy, it’s never been
higher. Yes, it’s normal for insiders to be selling some of their stocks so
they can buy new yachts and some of this is pre-planned. But that ratio — which
has spiked recently — is extraordinarily high, one might even say
off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default
Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press” climaxed Sunday with a startling market
prognostication from David Brooks, conservative columnist for the NY Times . The risk of a debt default over the combustible issue of the Medicare
deficit hangs over the course of the stock market. Buyers Beware!“I was up in
Wall Street this week,” Brooks said. “They’re vastly underestimating the
source of piolitical risk here. We could have a major problem, I think, either
this summer or the next couple years. And I’d be worried about investing too
much in the market. That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a
devastating long-term economic decline..’ ]
States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived
mideast turmoil and their wars to obfuscate and divert attention from their
failure. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS
– PLEASE BE CAREFUL OUT THERE! ‘
ECONOMIC CRISIS ARCHIVE
National / World
Obama’s Drawdown Speech: More Orwellian Lies Kurt Nimmo | The U.S. government has no intention of ending the war and bringing
home all of the troops.
Traitorous
Greek Government Accepts IMF Debt Slave Package Greeks seething after two years of belt-tightening
reacted in anger Thursday against a new round of tax rises and spending cuts worth
some 3.8 billion euros which they said would again hit honest taxpayers
hardest.
Is Alex Jones blocked in Greece? Infowars | Infowars.com has received numerous reports that our family of websites
are being blocked in Greece during this critical time of debt crisis coverage.
TSA Lies About Policy “Change” On Child Pat Downs Steve Watson | “New” Child Pat-Down Policy Was Already Announced 8 Months Ago, Was
Repeatedly Violated.
New Study Finds Direct Link Between Vaccines and Infant
Mortality Paul Joseph
Watson | United States,
which administers highest number of vaccines in developed world, also has
highest number of infant deaths in developed world.
Chance Didn’t Create The Current Economic Crisis Bob Chapman | What the world is experiencing today did not happen by chance, it was
planned that way.
Parties
at odds on debt reduction Congressional leaders from both parties make new and
competing demands in exchange for their votes to raise the nation’s debt limit. (Washington Post) [ Oh, riiiiight! That
‘cute, oft-referenced horse trading’ that goes down on capital hill. How
adorable these lovable slugs are as we wait expectantly for someone in ‘Bill
Murray-like fashion’ (SNL, Stripes, Meatballs, Caddyshack, Ghostbusters, etc.)
to chime in with a shrill comedic cry, ‘noogie time’, ‘noogies’… What a bunch
of incompetent dopes. If they and theirs, all three branches, weren’t so venal
and destructive, domestically and internationally, there would be less reason to
be compelled to chastise them; but clearly, they deserve every bit of criticism
and cynicism one can muster. If it ever was (I’m not amused http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
), their ‘old ways’ certainly
aren’t cute, cool, or appropriate. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS
– PLEASE BE CAREFUL OUT THERE! ‘ Wall
Street 'Vastly Underestimating' Risk of Debt Default
Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press” climaxed Sunday with a startling market
prognostication from David Brooks, conservative columnist for the NY Times . The risk of a debt default over the combustible issue of the Medicare
deficit hangs over the course of the stock market. Buyers Beware!“I was up in
Wall Street this week,” Brooks said. “They’re vastly underestimating the
source of piolitical risk here. We could have a major problem, I think, either
this summer or the next couple years. And I’d be worried about investing too
much in the market. That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a
devastating long-term economic decline..’ ]
States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal Sen.
Conrad: $2 trillion not enough
Democratic chairman of budget committee is pushing for deeper cuts in
any debt-reduction deal. Lawmakers
fear time is running out to slice $2 trillion from the budget In six weeks,
negotiators must strike a bipartisan compromise and persuade a bitterly divided
Congress to support it. (Washington Post) [ Ah, there you have it. That
nebulous, ‘fudgeable’, over a period of time thing … ‘$4 trillion in
savings by 2021 to avoid a debt crisis. Others view $2 trillion as
impossibly ambitious...more borrowing authority for a nation already mired in
red ink.’…Some have been less than optimistic in their prognosis Davis ‘This is how we pay off our current debts and I
think bondholders are simply happy to get anything out of a country that admits
it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire
global GDP) in the form of unfunded liabilities. The funniest thing about this
(and you have to laugh) is to see Conservative pundits get on TV and talk about
how we need to cut $100Bn worth of discretionary spending to "fix"
this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for
the top 1% each year). There is no fixing this and even a Republican said you
can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS
– PLEASE BE CAREFUL OUT THERE! ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
Though having but 5% of the world’s population, the u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Shock
Poll: Only 3 in 10 Will Vote For Obama Americans are growing more dissatisfied with President Barack Obama’s
handling of the economy and say it will be hard to vote to re-elect him without
seeing significant progress over the next year and a half.
Obama
versus Osama: guess who the Egyptians prefer? Even Osama Bin Laden, the late al Qaeda leader, was more
popular this year, with a 21 percent favorability ranking.
Minister
Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan exposed the U.S. and NATO’s criminal
War Libya and Africa during a June 15, 2011 Press Conference at the UN Plaza
Hotel.
Oil Price
Tumbles After Reserves Release Oil prices tumbled after Western nations surprised the market, releasing
the biggest amount of oil from their emergency strategic stocks since 1991, in
a calculated shot across the bows of Opec, the oil producers’ cartel.
A
Sinister Cyber-Surveillance Scheme Exposed The programme appears to allow for the large-scale monitoring of social
networks by way of such things as natural language processing, semantic
analysis, latent semantic indexing and IT intrusion.
Afghan
Troop Withdrawal Is ‘No Change In Plans’ From Obama “This is only to draw down the extra troops that President
Obama sent in when we last heard from him on this subject in December 2009.
This is just drawing down the surge.” Milbank:
Obama’s ‘mission accomplished’ (Washington Post) [ Wow! Up until
the last three paragraphs there seemed to be a semblance of hope for wobama apologist and obamanoid Mr.
Milbank as one could detect ever so slightly that tinge of realism coupled with
traces of both sarcasm and cynicism. Then, wham, from out of the blue, true to
form there he was in wobama’s corner and sharing that one-way ticket to
palookaville. Yes; wobama the b (for b***s***) is all that … bad. The worst
president since … dumbya bush, who was the worst president since … the ‘c’ man,
who was the worst president since … ‘poppy the sailor man’, who was the worst
president since … you get the picture. Failed all, from bad to equally bad or
worse, the story of a nation in the throws of decline and fall. Come on! There
isn’t anything in this world more empty, meaningless, and worthless than words
from wobama the b (for b***s***).… Obama
adopts the Bush Doctrine The May 19 Middle East speech, annotated.
(Washington Post) [ Yeah! Two nut
cases; two failed presidents. The latest case of U.S.
paranoia (Los Angeles Times) [
Yeah! This really needs to be said; particularly when you take into account the
reality, that while plentiful, american laws are all but meaningless,
arbitrarily enforced at best, and ‘federales’ and their supporters (more
commonly called bribes, one way or form or another) invariably the worst
offenders. Though having but 5% of
the world’s population, u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]: America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature..
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Behind
the scenes of Obama’s speech (Washington Post) [ If only he
could stutter; he’d at least then be oscar worthy. Behind the scenes a
puppeteer named ….. Mr. Teleprompter. See … all that useless, mind-numbing
technology does come in handy every once in a while. And, if we’re able to
attach them to one another; yup, we’ve got ourselves a cyborg. Such a brave new
world we’re living in. No longer will man be blamed for his inhumanity to
fellow man. Yes, blame it on the cyborg ‘who made them do it’. Ah yes, steel
and flesh, perfect together; like guns and butter, ebony and ivory (did they really
make you use the back door to the whitehouse sir paul), oil and vinegar,
etc.. Pentagon
renovation now complete Constructing
the building took just 17 months during WWII. The $4.5 billion renovation of
the building, however, has gone on for 17 years -- so long that the first parts
completed are showing their age. (Washington Post) [ Well, it takes time to
help bankrupt a nation and this is but a symbolic representation of their role
in same; and so little time in creating new destructive, self-destructive
wars. Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Though having but 5% of the world’s population, u.s. has
76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert
Lenzner StreetTalk ‘ “Meet the Press Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline.. They’ve used the contrived
mideast turmoil and their wars to obfuscate and divert attention from their
failure. Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. THIS HOUSE OF CARDS IS
TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Focus
Is on Obama as Tensions Soar Across Mideast (NYT) [ Adapt? I don’t think so!
I do believe that both nations are regressively but nostalgically trying bring
the world back to failed geopolitical paradigms that made the 20th century the
bloodiest century, not coincidentally the american century (obviously for
israel the latter half century). Yet, such a conditioned psychopathic approach
to global matters has led them self-destructively, self-defeatingly, and
ineluctably to decline, fall. .. Orwellian approach fostered by the purveyors
of global unrest; viz., israel, america, Orwellian england, etc.;more
specifically, diversion of the masses from the glaring failures, economic and
otherwise. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Nuclear
experts killed in Russia plane crash helped design Iran facility The five Russian scientists were among 44 killed earlier
this week; no official investigation of foul play has been opened, though
Iranian nuclear experts have in the past been involved in similar accidents.
Al
Gore branches out into population control theory Not content to make a fool of himself confusing weather
and climate, Al has now decided to lecture women on how to reduce the
population for the benefit of the planet.
Fukushima
‘still a ticking time bomb’ Famed physicist Michio Kaku says Japanese officials still don’t have
control of the Fukushima Daiichi nuclear disaster.
Obama:
Time for ‘nation building’ at home
‘Surge’
troops to be ordered home Departure plan
will remove 33,000 troops faster than Obama’s commanders requested but more
slowly than many of his political allies would like. (Washington Post) [ Well,
in a certain sense he’s chronologically correct … finish the job of destruction
at home … yeah … it’s true … they haven’t the slightest idea what they’re doing
and no matter what or where, pervasively corrupt, defacto bankrupt america’s
touch is an invariably destructive, negative touch (‘nation building’ the coy,
euphemistic phrase for what is in fact ‘nation destroying’, regardless of spin,
propaganda, and outright lies). Obama’s
task: Keep support for Afghan war The president’s prime-time address on
plans to gradually withdraw troops must remind a skeptical electorate and a
concerned Congress that the country’s longest war remains worth fighting — and
funding. (Washington Post) [ Obama’s task? Support for this nation’s
self-bankrupting Afghan (among other) war(s)? Geeh! Silly me! And all the while
I thought wobama’s task was to bring to fruition all those laudable campaign
promises; viz., jobs / economy not wars, prosecution of the frauds on wall
street responsible for the crisis, etc.. What a total fraud wobama is. Obama’s
semantics draw criticism on Libya (Washington Post) [ Semantics? If it
were only wobama’s semantics that drew criticism. But, one must concede that
when fellow black Farrakhan is weighing in thusly: Drudgereport: FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... Minister
Farrakhan: “That’s A Murderer In The White House!” Minister
Farrakhan exposed the U.S. and NATO’s criminal War Libya and Africa during a
June 15, 2011 Press Conference at the UN Plaza Hotel. (I wonder what Chinese mascot ‘the black mamba’ has to say ‘The Chinese people's love of
american basketball star Kobe
Bryant’… Kobe Bryant China Aug 20, 2008
... Beijing It's Kobe's team, in China , anyway… Sprite
China Kobe Bryant Feb 23, 2011 ... Sprite China has paired up NBA Star Kobe Bryant of the LA Lakers … who has supplanted
their own ’yellow / red bamba’; viz., Yao Ming.), wobama’s really got problems
(you know, that unflinchingly loyal 18%).
Yet, no one can say the wobama / holder approach is devoid of racism. Sen.
Conrad: $2 trillion not enough
Democratic chairman of budget committee is pushing for deeper cuts in
any debt-reduction deal. Lawmakers
fear time is running out to slice $2 trillion from the budget In six weeks,
negotiators must strike a bipartisan compromise and persuade a bitterly divided
Congress to support it. (Washington Post) [ Ah, there you have it. That
nebulous, ‘fudgeable’, over a period of time thing … ‘$4 trillion in
savings by 2021 to avoid a debt crisis. Others view $2 trillion as
impossibly ambitious...more borrowing authority for a nation already mired in
red ink.’…Some have been less than optimistic in their prognosis Davis ‘This is how we pay off our current debts and I
think bondholders are simply happy to get anything out of a country that admits
it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire
global GDP) in the form of unfunded liabilities. The funniest thing about this
(and you have to laugh) is to see Conservative pundits get on TV and talk about
how we need to cut $100Bn worth of discretionary spending to "fix"
this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for
the top 1% each year). There is no fixing this and even a Republican said you
can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS
– PLEASE BE CAREFUL OUT THERE! ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
Though having but 5% of the world’s population, the u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and
personal testimony, an ex-Justice official who quit over the handling of a
voter intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t
think so! I do believe that both nations are regressively but nostalgically
trying bring the world back to failed geopolitical paradigms that made the 20th
century the bloodiest century, not coincidentally the american century (obviously
for israel the latter half century). Yet, such a conditioned psychopathic
approach to global matters has led them self-destructively, self-defeatingly,
and ineluctably to decline, fall, and as with dinosaurs, extinction, at least
in a manner of speaking. Global information exchange at lightning speed has
made such throwbacks to a lost era, propaganda, and maladaptive traits foolish
at best, deadly at worst. Intelligent people worldwide aren’t buying the
obsolete, Orwellian approach fostered by the purveyors of global unrest; viz.,
israel, america, Orwellian england, etc.; more specifically, diversion of the
masses from the glaring failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Losing Another Decade Bill Bonner ‘Great
Speculations Buys,
holds, and hopes An article in The Financial Times tells Americans they may face a “lost decade,” like the Japanese in the
’90s…Energy use in the US peaked in 1997. Real US GDP peaked a few years later.
Since then, it’s been downhill for the economy.From memory…US GPD didn’t hit 10
trillion dollars until about 2000. Now, it’s about $14 trillion. Nice growth,
huh? But wait. We know that a lot of that was phony, debt-fueled growth. It was
phony because it raised living standards to a level that people couldn’t really
afford. Or to look at it another way, it drew on earnings that hadn’t happened
yet…and maybe never would. But how much of that $4 trillion worth of GDP is
real and how much is phony? We don’t know. But we note that the federal deficit
is about $1.5 trillion, which is as phony as a $3 bill. Subtract that and you
have a gain of $3.5 trillion over 10 years…or about $350 billion per year.Let’s
see, adjust that for population growth. Subtract phony private sector
debt-fueled growth too. And properly adjust for inflation. What do you get? You
get a lost decade. Another
Lost Decade by Bill Bonner originally appeared in
the Daily Reckoning .’
Federal Tax Receipts Show Economy Grinding to a Halt
Top 3 Reasons Markets Fell After Bernanke’s News Conference Minyanville's
T3 Daily Recap: Market Slumps as FOMC Votes to End QE2, Lower GDP Estimates T3Live.com Jun
22, 2011 ‘The market was unable to build on yesterday's strong oversold bounce,
turning lower in the afternoon after Ben Bernanke's Fed policy press conference . The FOMC voted unanimously to end the $600 bond buying
package famously dubbed QE2, and maintained the same "extended
period" language in regards to keeping rates low. Perhaps the curveball
that concerned investors was a downward revision of GDP growth forecasts, which
come as a result of the slower than expected economic recovery. Several leading
stocks from yesterday were able to push higher early, but most put in nasty
tails that could signal some downside or choppy action to come in the immediate
future . Amazon.com, Inc. ( AMZN ) was actually weak from the get-go, falling back down into
its 50-day moving average. Apple
Inc. ( AAPL ) was strong in the first half hour but quickly turned
down, depriving the market of its leader. [ I like apple (the first
computer I ever bought) and was rooting for them (not just because wintel based
pc’s are so pathetic) and glad they survived; but, apple / apple products are
significantly over-priced and over-valued which is the purblind sizzle fraudulent wall street loves and sells,
as in the last few crashes.] The ags got hit
as wheat and corn were down again. Precious metals lost momentum as the Fed,
for the time being, ended their inflationary asset buying program. Expect some
digestion and choppy action in the coming days, especially ahead of Friday's
Greece vote, where the market will hope the troubled country can pass the
latest round of austerity measures.’
Is
The Bull Market Over? [ Short answer, Yes! ] at Forbes William Scott O'Neil ‘On May 23, I
posted an article on Intelligent Investing titled Is
the Bull Market Topping? Since then I’ve continued to interpret
the facts and market action. Amidst persistent choppy gains and losses, I’m
further convinced of a downtrend.
In our shop, however, we never dig in our heels when it
comes to the stock market; we remain flexible in our thinking. Quite frankly, I
would love to have the market prove me wrong and resume a meaningful uptrend.
Remember, there is never really a bull or bear side, just the right side.
However, my big concern at this point is the lack of a
catalyst. For the risk-reward ratio to improve in our favor, I believe we need
resolution on some of the more pressing domestic and international issues. Some
of the most respected minds in the market have recently told me that, in all
their years in the industry, they have never seen so many major issues
happening across the world at the same time.
Certainly meaningful job growth in this country would
help. And the way to grow jobs is through the creation and expansion of
businesses, particularly small businesses. Small business creates roughly 85%
of all jobs in this country. We also have to implement an effective solution to
the real estate housing glut.
Studying the recovery phase of the last seven major bear
markets (those down 45% or more, peak to trough), the average gain in year
three was 3%. We are now in year three. So, to me, the best-case scenario right
now is a continuation of a sideways, back-and-forth, volatile market, which is
the most dangerous type.
A choppy market is much more dangerous than a down
trending market (assuming the investor uses selling rules). Thus my
interpretation of the risk-reward at this time is very, very poor.
We will inevitably get several short-term bounces, but
will they be significant enough to build substantial positions over time?’ [
Short answer, No! ]
Crumbling
Cuba Offers Economic Advice to White House at Minyanville
[ The irony here is so obvious that I’ve not even wasted space. Communism is
such a total fraud, where ‘everybody’s equal except some bureaucrats /
party-members are ‘more equal’ than others’. Yet, pervasively corrupt, defacto
bankrupt america is no longer the antithesis of said failed ideology, but
rather also now a failed regime on similar theme where bureaucrats /
party-members and those connected, financially or otherwise, to them are ‘more
equal’ than others’. As for the pictures, you can find plenty just like them
right here in the ‘good ole u.s. of a.’
Infographic:
Some People Call it Groupon, Some Call it "Grouponzi" Minyanville Staff June 22, 2011 ‘A
game-changing Minyanville article about Groupon's business model was part of
the inspiration behind this clever infographic. [ ‘It is a well done graphic which you
can check out here by clicking’ ]
Jim
Cramer Hitting His Most Bearish Notes at Forbes Heather Struck [ As I’ve
previously been saying, yes this is a secular bear market! ] ’ CNBC
stock-picker Jim Cramer made his second-annual appearance at the E Trade
Financial investor forum in New York Wednesday morning. Anyone on less than
their first cup of coffee probably wouldn’t have had the mettle to keep up with
Cramer’s 9:45 a.m. talk, but there was plenty for the bullish advisor to rant
about this year. Among Cramer’s major complaints – good stock prices are just
too darn high for such a seemingly bearish period.
Cramer’s remarks followed comments by chief investment
strategist of equity research at Standard & Poor’s Sam Stovall, in which he
said volatility and a bear market are both here to stay. “We are moving into a
secular bear market with cyclical bulls,” he said. The rows of E Trade
investors attending the presentation in the New York Hilton ballroom were told
over and over again that if they are willing to get comfortable with the
external risks such as inflation in China, a destabilized European economy,
fluctuating oil prices and no real job growth in the U.S., then they may be
able to come to terms with the the very un-robust stock market that exists
today. What that means is investors can use periods of price declines as buying
opportunities.
Cramer echoed these points by calling out the reasons he
is unhappy with today’s stock market. “I’m not a fan,” he said, calling it at
times tough, brutal, mean, and angry. Still, markets are going through a period
of ennui, not despair, he said.
It is ennui that leads investors to pour into tech IPOs
like Pandora and LinkedIn at levels that reminded everyone of the last tech
bubble? Perhaps. Cramer likes stocks that have strong market shares and
earnings growth potential when the economy shows signs of picking up, which is
nothing new to standard value investors. However, he also likes using gold
bullion and the SPDR Gold Trust ETF (GLD) because “gold acts like a currency,”
Cramer says. When he is listing a gold trust in his top ten stock picks, it is
probably safe to say Cramer is going through one of his own more bearish
streaks.
The stock market could still have a 3-5% pull-back,
Cramer said, not trusting the recent 6-week losing streak to be the last
bottom. “There are actually a lot of times where I am not bullish, and
this is one of them,” Cramer said. “I don’t expect a robust market. A retest of
lows seems more likely.”
For the first time, investors are worrying about the
budget outcome in Washington, D.C. as well, Cramer said. Where a debate in
Congress over the necessity of raising the federal debt ceiling is a symbol of
the worsening faith that investors have in U.S. debt. “We want to see
fundamental change,” Cramer said. “Without it we will always have one foot out
the door of the stock market.”...’
Retirement
As We Know it Is “Dead”: EuroPacific’s Pento The Daily
Ticker [ States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 … And that’s just the
part of the public sector that’s on the radar owing to budget scrutiny … the
reality is much worse across the board! ]
Greeks Turn Savings To
Gold Gold Core | Greek citizens are emptying savings
accounts and buying gold as they brace themselves for the possibility of a
sovereign default and a run on the banks.
‘We
now have more idle men, women than at any time since Great Depression’ Mortimer B.
Zuckerman | The Great Recession has now earned the dubious right
of being compared to the Great Depression.
Internal
IMF Audit Finds Bailout Fund Has Zero Credibility Zero Hedge | The
observation that the IMF has no credibility whatsoever has been well known for
a long time by all market skeptics.
Euro
– a ‘collapsing prison’ for Greece and Co.? The Greek government has narrowly won a key vote of confidence, allowing
the Prime Minister to continue his fight for more cuts.
Don’t
Get the Greek Financial Crisis? Read This The Greek financial crisis has been the most important economic story of
the year—but what it actually means can be lost in breathless talk of defaults
and loan tranches.
Nigel
Farage Explains Why Greece Must Be Allowed To Default On the day when the flawed euro experiment will get its
first popular pseudo-referendum, it is only logical that prominent euroskeptic
Nigel Farage would sound off on how he sees things for Greece, Europe and the
currency union, and why he believes the current situation is nothing short of
slavery. Existing-home
sales fall They join a long list of other economic indicators that
have pointed to a soft spot in the recovery. (Washington Post) [ ‘Soft spot in
the recovery … talk about euphemisms … then let’s talk about no real recovery,
certainly when juxtaposed with those ‘illusory’ pre-election gains relative to
unaffordable debt costs to make them appear.
The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed ! Today’s so-called ‘rally’ is based on b***s*** alone to
keep the suckers suckered and for ‘smarter money ‘ along with the frauds to
sell into. This is an especially great opportunity to sell / take profits while
you still can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If
You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [ He’s
not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock
sales is telling. At 565 sells for every 1 buy, it’s never been
higher. Yes, it’s normal for insiders to be selling some of their stocks so
they can buy new yachts and some of this is pre-planned. But that ratio — which
has spiked recently — is extraordinarily high, one might even say
off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default
Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press” climaxed Sunday with a startling market
prognostication from David Brooks, conservative columnist for the NY Times . The risk of a debt default over the combustible issue of the Medicare
deficit hangs over the course of the stock market. Buyers Beware!“I was up in
Wall Street this week,” Brooks said. “They’re vastly underestimating the
source of piolitical risk here. We could have a major problem, I think, either
this summer or the next couple years. And I’d be worried about investing too
much in the market. That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a
devastating long-term economic decline..’ ]
States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived
mideast turmoil and their wars to obfuscate and divert attention from their
failure. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS
– PLEASE BE CAREFUL OUT THERE! ‘ Dave's
Daily 'If you can
keep interest rates this low this long, its inevitable cheap financing can
allow companies to start cobbling each other up. Further Ben's policies allow
companies like IBM to sell bonds at 1% and buy back shares with the proceeds
(total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money--
National / World
Cop Trespasses, Arrests Woman for Taking Video Kurt Nimmo | You no longer have the right in Rochester and much of the rest of the
country to stand on your own property and record the cops.
Libyan Rebels Impose Press Censorship Kurt Nimmo | Journalists are only allowed to use officially approved translators.
Rasmussen: NATO Will Continue Slaughter in Libya Paul Joseph Watson | Protecting civilians by killing civilians, but don’t call it a war.
Even as Italy calls for an immediate cease fire, NATO Secretary-General Anders
Rasmussen made it clear today that the slaughter in Libya will continue
unabated, seemingly unmoved by images showing dead babies murdered as a result
of a campaign sold on the justification of “protecting civilians”.
PNAC Cabal Warns Congress To Back Off Over Libya Steve Watson | Neocon group calls for increase in military action against Qaddafi. The
chicken hawk neoconservatives that make up the Project For A New American
Century cabal have written on open letter to House Republicans warning them not
to reduce or cut funding for U.S. involvement in the military aggression
against Libya or face becoming an ” irresolute” nation.
Fareed Zakaria: Dump the Constitution Kurt Nimmo | Zakaria is a top globalist minion and avowed enemy of the Constitution.
CNN contributor Fareed Zakaria argues that the Constitution is outdated and its
principles should be “debated and fixed” to conform with the modern era. He
suggests “a set of amendments to modernize the Constitution for the 21st
Century.”
Obama:
The Baby Silencer Paul Joseph Watson | Dead toddlers cannot be dismissed as another Gaddafi propaganda stunt.
Turkish
Actions To Trigger NATO Confrontation With Syria? Should a conflict erupt between Turkey and Syria on their
border, NATO will be obligated under its Article 5 collective military
assistance clause to enter the fray on Turkey’s side. Should NATO intend
opening hostilities against Syria, no better pretext could be devised than that
scenario.
Obama: The Baby Killer Obamanoids (yes they’re still out there) are eagerly
circulating the following You Tube clip of the President silencing a crying
baby by holding it in his arms. It’s just a shame that Obama has also proven adept
at silencing babies in north Africa, by murdering them as part of his
unconstitutional onslaught against Libya.
FBI
Seizes Servers, Knocks Websites Offline The F.B.I. seized Web servers in a raid on a data center early Tuesday,
causing several Web sites, including those run by the New York publisher Curbed
Network, to go offline.
Shock
Poll: Only 3 in 10 Will Vote For Obama Americans are growing more dissatisfied with President Barack Obama’s
handling of the economy and say it will be hard to vote to re-elect him without
seeing significant progress over the next year and a half.
Obama
versus Osama: guess who the Egyptians prefer? Even Osama Bin Laden, the late al Qaeda leader, was more
popular this year, with a 21 percent favorability ranking.
Minister
Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan exposed the U.S. and NATO’s criminal
War Libya and Africa during a June 15, 2011 Press Conference at the UN Plaza
Hotel.
Al
Gore branches out into population control theory Not content to make a fool of himself confusing weather
and climate, Al has now decided to lecture women on how to reduce the
population for the benefit of the planet.
Fukushima
‘still a ticking time bomb’ Famed physicist Michio Kaku says Japanese officials still don’t have control
of the Fukushima Daiichi nuclear disaster.
Obama’s
task: Keep support for Afghan war The president’s prime-time address on plans to gradually withdraw troops
must remind a skeptical electorate and a concerned Congress that the country’s
longest war remains worth fighting — and funding. (Washington Post) [ Obama’s
task? Support for this nation’s self-bankrupting Afghan (among other) war(s)?
Geeh! Silly me! And all the while I thought wobama’s task was to bring to
fruition all those laudable campaign promises; viz., jobs / economy not wars,
prosecution of the frauds on wall street responsible for the crisis, etc.. What
a total fraud wobama is. Obama’s
semantics draw criticism on Libya (Washington Post) [ Semantics? If it were only wobama’s semantics that
drew criticism. But, one must concede that when fellow black Farrakhan is
weighing in thusly: Drudgereport: FARRAKHAN: 'THAT'S A
MURDERER IN THE WHITE HOUSE'...
Minister
Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan exposed the U.S. and NATO’s criminal
War Libya and Africa during a June 15, 2011 Press Conference at the UN Plaza
Hotel. (I wonder what Chinese mascot
‘the black mamba’ has to say ‘The Chinese people's love of
american basketball star Kobe Bryant’… Kobe Bryant China Aug 20, 2008 ... Beijing It's Kobe's team, in China , anyway… Sprite
China Kobe Bryant Feb 23, 2011
... Sprite China has paired up NBA Star Kobe Bryant of the LA Lakers … who has supplanted their own ’yellow
/ red bamba’; viz., Yao Ming.), wobama’s really got problems (you know, that
unflinchingly loyal 18%). Yet, no one
can say the wobama / holder approach is devoid of racism.
UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal
testimony, an ex-Justice official who quit over the handling of a voter
intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t
think so! I do believe that both nations are regressively but nostalgically
trying bring the world back to failed geopolitical paradigms that made the 20th
century the bloodiest century, not coincidentally the american century
(obviously for israel the latter half century). Yet, such a conditioned
psychopathic approach to global matters has led them self-destructively,
self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs,
extinction, at least in a manner of speaking. Global information exchange at
lightning speed has made such throwbacks to a lost era, propaganda, and
maladaptive traits foolish at best, deadly at worst. Intelligent people
worldwide aren’t buying the obsolete, Orwellian approach fostered by the
purveyors of global unrest; viz., israel, america, Orwellian england, etc.;
more specifically, diversion of the masses from the glaring failures of
leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Pentagon
renovation now complete Constructing
the building took just 17 months during WWII. The $4.5 billion renovation of
the building, however, has gone on for 17 years -- so long that the first parts
completed are showing their age. (Washington Post) [ Well, it takes time to
help bankrupt a nation and this is but a symbolic representation of their role
in same; and so little time in creating new destructive, self-destructive
wars. Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Though having but 5% of the world’s population, u.s. has
76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert
Lenzner StreetTalk ‘ “Meet the Press Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline.. They’ve used the contrived
mideast turmoil and their wars to obfuscate and divert attention from their
failure. Davis
‘This is how we pay off our current debts and I think bondholders are simply
happy to get anything out of a country that admits it owes $15Tn (1/4 of global
GDP) but probably owes closer to $60Tn (entire global GDP) in the form of
unfunded liabilities. The funniest thing about this (and you have to laugh) is
to see Conservative pundits get on TV and talk about how we need to cut $100Bn
worth of discretionary spending to "fix" this (while continuing to
spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. THIS HOUSE OF CARDS IS
TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Focus
Is on Obama as Tensions Soar Across Mideast (NYT) [ Adapt? I don’t think so!
I do believe that both nations are regressively but nostalgically trying bring
the world back to failed geopolitical paradigms that made the 20th century the
bloodiest century, not coincidentally the american century (obviously for
israel the latter half century). Yet, such a conditioned psychopathic approach
to global matters has led them self-destructively, self-defeatingly, and
ineluctably to decline, fall. .. Orwellian approach fostered by the purveyors
of global unrest; viz., israel, america, Orwellian england, etc.;more
specifically, diversion of the masses from the glaring failures, economic and
otherwise. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Huntsman
for oblivion 2012 His noble
message isn’t a winning one. (Washington Post) [If only Mr. Huntsman had said
he respects the office of the Presidency (though the occupiers of same have
been unworthy for quite some time) as opposed to wobama himself, because of my
well-deserved high regard for Utah, I’d be favorably disposed toward Mr.
Huntsman. But, alas, another failed president like his progeny w and wobama,
h.w.bush was also China ambassador, so hardly something to be grateful to
wobama for so as to ignore reality. High roads, low roads, in pervasively
corrupt, defacto bankrupt america they are distinctions without a significant
difference, and invariably low by new definition consistent with the new
reality. From
Huntsman, a different view In announcing
2012 presidential bid, he includes a different take from his GOP rivals on
President Obama. (Washington Post) [ I can only suspect this to be an attempt
to take support (Mormon, Utah, midwest vote) from Romney. After all,
Drudgereport(s): Harry Reid endorses
Huntsman... … Obama
adopts the Bush Doctrine The May 19 Middle East speech, annotated.
(Washington Post) [ Yeah! Two nut
cases; two failed presidents. The latest case of U.S.
paranoia (Los Angeles Times) [
Yeah! This really needs to be said; particularly when you take into account the
reality, that while plentiful, american laws are all but meaningless,
arbitrarily enforced at best, and ‘federales’ and their supporters (more
commonly called bribes, one way or form or another) invariably the worst
offenders. Though having but 5% of
the world’s population, u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]: America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature..
THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Sen.
Conrad: $2 trillion not enough
Democratic chairman of budget committee is pushing for deeper cuts in
any debt-reduction deal. Lawmakers
fear time is running out to slice $2 trillion from the budget In six weeks,
negotiators must strike a bipartisan compromise and persuade a bitterly divided
Congress to support it. (Washington Post) [ Ah, there you have it. That
nebulous, ‘fudgeable’, over a period of time thing … ‘$4 trillion in
savings by 2021 to avoid a debt crisis. Others view $2 trillion as
impossibly ambitious...more borrowing authority for a nation already mired in
red ink.’…Some have been less than optimistic in their prognosis Davis ‘This is how we pay off our current debts and I
think bondholders are simply happy to get anything out of a country that admits
it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire
global GDP) in the form of unfunded liabilities. The funniest thing about this
(and you have to laugh) is to see Conservative pundits get on TV and talk about
how we need to cut $100Bn worth of discretionary spending to "fix"
this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for
the top 1% each year). There is no fixing this and even a Republican said you
can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS
– PLEASE BE CAREFUL OUT THERE! ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious freedom,
freedom generally did they come to these shores. A rare exception to the influx
of immigrants to this young nation who turned out to be more a virus to the
indigenous peoples of this land than what could have been expected from those
of noble calling. Indeed, in evolutionary terms, it’s doubtful that those so
positioned abroad would have represented a positive addition to the gene pool
which, borrowing from an insurance term, viz., adverse selection, springs forth
the notion of inevitability to the genocide of the indigenous populations while
guaranteeing the decline we see throughout this foundering nation. The effects
of these negative predispositions toward inherent criminality is certainly
being felt globally as well as domestically and has little to recommend it. My
own direct experience with the region(s) (particularly new jersey, new york,
virginia, connecticut, california) carves out no exception for the prevalence
of the worst of human nature; which is now collectively and pervasively
americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
Though having but 5% of the world’s population, the u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Drudgereport: TEMPLETON
chairman: Financial Crisis 'Around Corner'... 'WE
ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...' CHINA:
USA 'ALREADY DEFAULTING'...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... THE NEW
'NORMAL' GALLUP
PLUNGE... Approval
-4, disapproval +5 -- in one day! DEM
FIX: MORE SPENDING! Bernanke
speaks, stocks sink... FORBES:
'Admits he's clueless'...
CBO:
Long-Term Debt Picture Worsens... Would
reach 101% of GDP by 2021... STUDY:
State, local gov'ts must raise taxes $1,400 a year for
30 years to fund pensions...
Millionaires
shrug off downturn; Wealthy richer than before crisis...
Zuckerman:
'We now have more idle men, women than at any time since Great Depression'...
SHOCK
POLL: ONLY 3 in 10 WILL VOTE FOR OBAMA... 66%
say US headed in 'wrong direction'...
WH
TRANSCRIPT: 'Over the last 15 months we’ve created over 2.1 million private
sector jobs. (Laughter.)'...
REPORT:
GANNETT to slash more jobs across the country… [ No surprise here for this
pathetic shill, rag publisher. The only real newspaper consistent with a
tradition of courage, excellence, and respect for the first amendment is The
Washington Post …] ...
S&P:
Risk of U.S. credit rating downgrade increased...
Chicago
county faces $108 billion
gap in pensions....
Greek
Streets 'Explosive'... PM
wins confidence vote 'but outlook remains dire'...
Huntsman
announces presidential bid at Statue of Liberty... Harry
Reid endorses... Bachmann
surges to primary lead...
Iraq
hunting $17 billion missing after U.S. invasion... NATO
NIGHTMARE: 9 CIVILIANS KILLED NATO strike kills 15 Libyan civilians ] German
Giant Says US Workers Lack Skills... PAPER:
AMERICA'S LOST DECADE? States
look to Internet taxes to close budget gaps...
SPANIARDS
ON MARCH OVER BLEAK PROSPECTS...
House will move this week to limit funding for effort in Libya...
'DON'T
BE SURPRISED IF ATHENS GOES UP IN FLAMES'... GREEK
PM PLEADS FOR UNITY! ...warns
against default Threat
to downgrade Italian debt raises contagion fears...
PAPER:
AMERICA'S LOST DECADE?
Bachmann:
Obama 'has failed' blacks, Hispanics... Presidential
no-show miffs Hispanics... African-American
unemployment at 16%... ]
SHE'S
OFF! (on the road again) Michelle Obama embarks on Africa visit … (stay there!)
...
Financial sector layoffs rise, more cuts ahead (Reuters)
Buys, holds, and hopes An article in The Financial Times tells
Americans they may face a “lost decade,” like the Japanese in the ’90s. What? We’ve had a lost weekend or two. But how can you
lose a whole decade? But Americans have done it already.
After a 60-year debt expansion, the developed world – led
by the USA – went into a period of debt contraction. This is what we call the
Great Correction. We know for sure that debt is being consolidated – at least
in the private sector. We know that this will be a drag on the economy for
several more years.
We know also that the feds’ efforts to fight the
correction are setting up another crisis and correction – this one in the
public sector.
So, it looks as though at least two things will be
corrected – private debt…and public debt. Beyond that, we’re not sure what
excesses, mistakes and absurdities this correction will target. Only time will
tell.
So far, all the facts that have come to light in the last
four years seem to corroborate our Great Correction story. As expected, jobs
are few and far between. Consumer spending is weak, as households try to repair
their balance sheets. And the economy limps along with negative or barely
positive real GDP growth.
What does this sound like to you?
Like Japan, of course, which has been in a Great
Correction for 20 years.
And even though the peak of credit in the US wasn’t hit
until 2007 we’re beginning to think that the actual correction began in 2000.
Since then, jobs, stocks, houses, and the real, per-capita GDP have gone
nowhere. In other words, a stealth correction has probably been going on for 10
years already…it didn’t come out into the open until after 2007.
Losing one decade could be bad luck. Losing two begins to
look like recklessness. Inattention. Or robbery. Stay tuned…
At Dulles Airport yesterday, it took us an hour of
standing in line to check in. People in economy were probably lucky to be able
to check in at all.
But who cares. It’s still almost a miracle to be able to
leave our home in Washington at 4PM and be in London at 6AM the following day.
What a boost to our standard of living! This is the kind of miracle that
high-octane fossil fuel can give you. You have to burn a lot of energy in order
to lift a giant vessel made of thin metal, filled with fat people off the
ground. And then fly across the Atlantic Ocean with it!
You can’t do that with solar power…or wood…or batteries
charged up from hydroelectric power stations. You can only do it by reaching
into the earth and using up some of its stored up calories. And you can only
use those calories once. (For reasons we can’t figure out at this hour, the law
of conservation of energy doesn’t seem to apply.)
As you will see later this week, the energy revolution of
the 18th century boosted output and speeded up GDP growth. Our standard of
living – not to be confused with our quality of life – is directly proportional
to the amount of energy consumed. All of which is a warm up to where our
meandering will take us this week.
Energy use in the US peaked in 1997. Real US GDP peaked a
few years later. Since then, it’s been downhill for the economy.
From memory…US GPD didn’t hit 10 trillion dollars until
about 2000. Now, it’s about $14 trillion. Nice growth, huh? But wait. We know
that a lot of that was phony, debt-fueled growth. It was phony because it
raised living standards to a level that people couldn’t really afford. Or to
look at it another way, it drew on earnings that hadn’t happened yet…and maybe
never would.
But how much of that $4 trillion worth of GDP is real and
how much is phony? We don’t know. But we note that the federal deficit is about
$1.5 trillion, which is as phony as a $3 bill. Subtract that and you have a
gain of $3.5 trillion over 10 years…or about $350 billion per year.
Let’s see, adjust that for population growth. Subtract
phony private sector debt-fueled growth too. And properly adjust for inflation.
What do you get?
You get a lost decade. Another
Lost Decade by Bill Bonner originally
appeared in the Daily
Reckoning .’
Federal Tax Receipts Show Economy Grinding to a Halt
Top
3 Reasons Markets Rose with Greece and Apple
Wall St. Cheat Sheet June 21, 2011 [
I like apple (the first computer I ever bought) and was rooting for them (not
just because wintel based pc’s are so pathetic) and glad they survived; but,
apple / apple products are significantly over-priced and over-valued which is the
purblind sizzle fraudulent wall street loves and sells, as in the last few
crashes.] ‘Markets closed up on Wall Street: Dow +0.91% , S&P +1.34% ,
Nasdaq +2.19 , Oil +0.5, Gold +0.34% .
On the commodities front, Oil ( NYSE:USO ) found some buyers on the idea Greece may not sink the
universe. Precious metals were both up with Gold ( NYSE:GLD ) closing at $1,546 and Silver ( NYSE:SLV ) rising 1%.
Today’s markets were up because:
1) Investors smell some sort of resolution in Greece .
Although ratings
agencies are sending more warnings to Greece, the media is reporting a lot of
aggressive chatter regarding the EU stepping in to save Greece. At the end of
the day, that removes the probability of a Lehman style event. Now check out which
Companies have dangerous exposure to Greece and which
Countries do too .
2) US Existing Home Sales sucked. Yup. If you’re looking
for positive data points in the US economy, turn your head 180 degrees away
from the housing market ( NYSE:IYR ). The always bullish National
Association of Realtors sales fell by 3.8% in May, at an annual pace of
4.81 million, down 15.3% from last years mark of 5.68 million by the same point
in the year.
3) Apple finally caught a bid. After some big time
selling in Apple ( NASDAQ:AAPL ), the company is now rumored to be
releasing a major iteration with the release of iPhone 5. Add that to all the
shareholders who are filling the blogosphere with articles about “Apple as a
Value Stock”, and it was a matter of time before the buyers stepping in. ‘
Greece
"Essentially Bankrupt" Says Analyst With World's Most Unfortunate
Surname at Minyanville
Internal
IMF Audit Finds Bailout Fund Has Zero Credibility Zero Hedge | The
observation that the IMF has no credibility whatsoever has been well known for
a long time by all market skeptics.
Russia to Lower
U.S. Debt Holdings Wall Street Journal | Russia will
likely continue lowering its U.S. debt holdings as Washington struggles to
contain a budget deficit and bolster a tepid economic recovery.
Rep. Ron Paul
issues campaign pledges Texas Rep. Ron
Paul’s campaign issued issued a statement on what his budget priorities will be
if elected.
Internal
IMF Audit Finds Bailout Fund Has Zero Credibility While the fact that its former head is an alleged rapist
caught some by surprise, the observation that the IMF has no credibility
whatsoever has been well known for a long time by all market skeptics.
The
Financial Collapse Of Greece: The Canary In The Coal Mine For The Global
Economy? The rest of the world
needs to sit up and take notice of what is going on in Greece right now. This
is what can happen when you allow government debt to spiral out of control.
IMF
slams European leaders on crisis The IMF criticized leaders for their failure to find a “cohesive”
response to the problems of weaker nations. Thousands
protest Greek austerity measures Europe
falters in bid to rescue Greece Greek
default spells 'havoc' for banks Europe
debt crisis to hover over Fed meeting (Washington Post) [If
the Titanic sank today, here’s how the President, the media and Wall Street
would spin it (satire) What would all
the world’s experts and authorities say today if the Titanic were sinking but
nobody was willing to admit it? For
Greece, $160B wasn’t enough Officials
involved in the financial rescue in the spring of 2010 didn’t expect to be back
so soon. (Washington Post) [ And yet, this dire predicament for Greece
mirroring a similar dour scenario globally, and pervasively corrupt, defacto
bankrupt america particularly is in reality but a small part of the equally
dour prospects for stocks. Stocks rally on b***s*** alone from the eurozone on a purported, though
unannounced plan by merkel and sarkozy (a zionist now preoccupied with the
Libya fiasco Drudgereport:
FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA FIGHTS
FOR HIS RIGHT TO BOMB LIBYA... ) to avoid greek default. Yet, default per se is not the problem. Indeed,
China has already said, correctly defacto if not technically, that america’s
already is in default [Drudgereport: CHINA: USA 'ALREADY
DEFAULTING'... The waning full moon also accounts for the action to the upside as the
lunatic, criminally insane, lunatics / frauds on fraudulent wall street attempt
to keep the other lunatics / suckers suckered with contraindicated rally on
insurmountably bad news (no, those new apartment building construction numbers
change nothing). This is all pre-2012 election year unaffordable obfuscation of
failure across the board. Amazingly, the lunatics on wall street now have
plenty of company worldwide, particularly that nato / eu bunch bringing to mind
that old adage of ‘apples not falling far from the trees’, conversely speaking.
Paying attention to Robert Lenzner, infra, and Toby Connor, among others, is
wise counsel . Prepare
for Next Leg Down in Secular Bear Market, Beginning of Next Recession /
Depression at Minyanville Toby Connor June 16, 2011 And this time it's going to be much, much
worse than in 2008. ‘Don't let the perma bulls fool you -- this is not a normal
correction, and it has nothing to do with Greece or Spain. This is the
beginning of the next leg down in the secular bear market and the start of the next economic recession/depression.
And this time it's going to be much, much worse than it was in '08…’ The frauds on wall street et
als should be criminally prosecuted, jailed, fined, and disgorgement imposed … an especially great opportunity
to sell / take profits while you still can since there's much worse to
come! ]
MONEY
WATCH ARCHIVE ( from infowars.com / prisonplanet.com )
National / World
Texas
Senator Compares TSA Fight To Revolutionary War The Texas Senator at the forefront of the fight against
invasive TSA pat-downs has likened the stand-off between state and federal
authorities over a bill that would criminalize TSA groping to the revolutionary
war against Mexico, calling the situation a “Come and Take It” moment once
again for Texas.
Three-quarters
of U.S. nuke plants have had radioactive leaks Three-quarters of the country’s nuclear power plants have
seen radioactive tritium leaks, an Associated Press investigation finds.
No Troop
Withdrawal in Afghanistan Four cheers for
the U.S. Conference of Mayors! It has just voted up a resolution calling on
Washington to transfer $126-billion in annual spending from its Middle East
wars to America’s cities!
TSA
Showdown a Watershed Moment in Battle For Freedom A bill that would criminalize invasive TSA pat downs in
Texas has risen like a phoenix from the flames, with Governor Rick Perry being
forced to include the item on the agenda for the current special session of the
legislature, setting the stage for what could potentially become a watershed
moment in the battle to peel back a federal power grab that has characterized
the advance of big government.
Libya
says new Nato missile attack killed three children Nato has admitted launching a missile strike against a
compound that Libyan officials claim killed at least 15 people, including three
children.
Rick Perry Announces Presidential Run Kurt Nimmo | Fake aura of the Texas outsider to be used the same way the Man of
Change was used to sell Obama.
O’Reilly and Rapper Argue About Bogus War On Terror Kurt Nimmo | More contrived left versus right propaganda avoids real reason for
multiple criminal wars.
TSA Showdown a Watershed Moment in Battle For Freedom Paul Joseph Watson | Federal response to likely passage of anti-pat down bill could provoke
massive states’ rights backlash.
“Kinetic Military Action” or War – Libyans are Still Dead
American
Thinker | He can call it
“kinetic military action” or he can call it making love if he wants to, but
that doesn’t resurrect any dead Libyans. No-Life Zone: Deeper and Deeper Into the Mire Chris Floyd | Obviously, there was a typo in the UN resolution approving NATO’s
operations in Libya.
Labor
battle puts Obama in bind White House ties
to both sides of dispute between aerospace giant, union pose a political
quandary. (Washington Post) [ Sounds
like a job for … John Kerry … Mr. all sides of all issues … special
appointment? Yet, wobama’s teleprompter can be called upon to split hairs and
draw fine lines … though unfortunately as even both sides to this dispute
already know as spoken by ‘wobama the b’ (for b***s***), whatever Mr.
Teleprompter says will be pure, unaldulterated b***s*** regardless of how well
written and said. Yes, not doing as promised has its pitfalls, not rewards,
when doing as not promised leads directly to the dire consequences and crises
this nation and the world now face.
Too
Soon To Buy The Dip In This Market at Forbes Sy Harding ‘Don't buy
this dip. After six straight down weeks the S&P 500 is down only 6% from
its April peak. That’s not near enough to factor all the negatives into stock
prices…’
The
Great Stagnation of 2011 at Minyanville Jeff Harding Jun 20, 2011
‘Consumers aren't going to save our economy from stagnation, but rather it will
continue along with inflation
I go away for a few days and come back to a slug of
not-encouraging economic news. http://image.minyanville.com/assets/FCK_Jan2011/Image/June11/jh6201.JPG http://image.minyanville.com/assets/FCK_Jan2011/Image/June11/jh6202.JPG http://image.minyanville.com/assets/FCK_Jan2011/Image/June11/jh6203.JPG consumer consumption
but looking at consumption alone is not as good an indicator of real organic
economic growth as is the production side of the economy. The reason being that
production usually leads consumption out of an economic slump, not the other
way around. The Fed’s and the administration’s attempts at monetary and fiscal
stimulus haven’t worked because of their misplaced emphasis on consumption.
They don’t examine the issue of why people aren’t consuming. The keys to new
economic growth are savings, debt reduction, and the liquidation of malinvested
projects. data shows it. http://image.minyanville.com/assets/FCK_Jan2011/Image/June11/jh6204.JPG retail sales were up
0.3%. Again the data is confusing because the ex. auto data still includes
gasoline sales which were up 22.3% YoY. Gains were seen in health care,
building materials, miscellaneous retailers, and non-store (Internet) retailers.
The PPI and CPI
reports also came in last week. Starting at the producer level, the PPI
increase moderated to a 0.2% gain (core, ex. energy and food, up 0.2%). But the
year-over-year trend was still up 7.0% in May (ex. energy and food, up 2.1%).
The PPI has been declining since January, 2011, but the rate of increase is
still high: http://image.minyanville.com/assets/FCK_Jan2011/Image/June11/jh6205.JPG
consumer side, the May
CPI also was up 0.2%, slightly less than in April, but still a strong upward
trend as shown in this YoY chart (up 3.2% YoY): http://image.minyanville.com/assets/FCK_Jan2011/Image/June11/jh6206.JPG Misery Index was created
back in the 1970s and is described thusly:
It is simply the unemployment rate added
to the inflation rate. It is assumed that both a higher rate of unemployment
and a worsening of inflation both create economic and social costs for a
country. A combination of rising inflation and more people out of work implies
a deterioration in economic performance and a rise in the misery index.
http://image.minyanville.com/assets/FCK_Jan2011/Image/June11/jh6207.JPG Business (NFIB) who
regularly put out data from the member surveys. Their  Small Business Optimism Index declined again, for the third
straight month: http://image.minyanville.com/assets/FCK_Jan2011/Image/June11/jh6208.JPG
“Corporate profits may be at a record
high, but businesses on Main Street are still scraping by,” said NFIB chief
economist Bill Dunkelberg. … taxes and
regulations and red tape, only 3 percent cite financing ).
capital spending:
Capital spending remains historically
low in spite of very low interest rates and all sorts of expensing incentives.
Fifty percent of firms reported making capital expenditures over the past six
months, and the percent of owners planning capital outlays in the next 3 to 6
months fell 1 point to 20 percent, a recession level reading.
cooling off of demand from money-stimulated countries like
China, India, and Brazil. consumers aren’t going
to save our economy from stagnation. It means that stagnation will continue
along with inflation. And it will be fun to watch all the naysayers who don’t think you can have an economic slowdown
and inflation at the same time. likelihood of QE3 (quantitative easing) is still valid. Editor's Note: This article was originally published at The
Daily Capitalist .’
Federal
Tax Receipts Show Economy Grinding to a Halt Lee Adler June 17, 2011
Obama’s
semantics draw criticism on Libya (Washington Post) [ Semantics? If it were only wobama’s semantics that
drew criticism. But, one must concede that when fellow black Farrakhan is
weighing in thusly: Drudgereport: FARRAKHAN: 'THAT'S A
MURDERER IN THE WHITE HOUSE'...
Minister
Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan exposed the U.S. and NATO’s criminal
War Libya and Africa during a June 15, 2011 Press Conference at the UN Plaza
Hotel. (I wonder what Chinese mascot
‘the black mamba’ has to say ‘The Chinese people's love of american
basketball star Kobe Bryant’… Kobe Bryant
China Aug 20, 2008 ... Beijing It's Kobe's team, in China , anyway… Sprite
China Kobe
Bryant Feb 23, 2011 ... Sprite China has paired up NBA Star Kobe Bryant of the LA
Lakers … who has supplanted their own ’yellow / red bamba’; viz., Yao Ming.),
wobama’s really got problems (you know, that unflinchingly loyal 18%). Yet, no one can say the wobama / holder
approach is devoid of racism. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal
testimony, an ex-Justice official who quit over the handling of a voter
intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic
reality [ http://albertpeia.com/grimreality.htm THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t
think so! I do believe that both nations are regressively but nostalgically trying
bring the world back to failed geopolitical paradigms that made the 20th
century the bloodiest century, not coincidentally the american century
(obviously for israel the latter half century). Yet, such a conditioned
psychopathic approach to global matters has led them self-destructively,
self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs,
extinction, at least in a manner of speaking. Global information exchange at
lightning speed has made such throwbacks to a lost era, propaganda, and
maladaptive traits foolish at best, deadly at worst. Intelligent people
worldwide aren’t buying the obsolete, Orwellian approach fostered by the
purveyors of global unrest; viz., israel, america, Orwellian england, etc.;
more specifically, diversion of the masses from the glaring failures of
leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Lawmakers
fear time is running out to slice $2 trillion from the budget In six weeks,
negotiators must strike a bipartisan compromise and persuade a bitterly divided
Congress to support it. (Washington Post) [ Ah, there you have it. That
nebulous, ‘fudgeable’, over a period of time thing … ‘$4 trillion in
savings by 2021 to avoid a debt crisis. Others view $2 trillion as
impossibly ambitious...more borrowing authority for a nation already mired in
red ink.’…Some have been less than optimistic in their prognosis Davis ‘This is how we
pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE OF
CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (WP) [ Ah, yes. The Puritans. Of noble purpose, religious
freedom, freedom generally did they come to these shores. A rare exception to
the influx of immigrants to this young nation who turned out to be more a virus
to the indigenous peoples of this land than what could have been expected from
those of noble calling. Indeed, in evolutionary terms, it’s doubtful that those
so positioned abroad would have represented a positive addition to the gene
pool which, borrowing from an insurance term, viz., adverse selection, springs
forth the notion of inevitability to the genocide of the indigenous populations
while guaranteeing the decline we see throughout this foundering nation. The
effects of these negative predispositions toward inherent criminality is
certainly being felt globally as well as domestically and has little to
recommend it. My own direct experience with the region(s) (particularly new
jersey, new york, virginia, connecticut, california) carves out no exception
for the prevalence of the worst of human nature; which is now collectively and
pervasively americana. Report:
SEC lawyer exposed FBI informant (WP) [ Clearly, the sec liar (sic –
lawyer) is one of those typically with a ‘pre or post’ arrangement, whether
implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
Though having but 5% of the world’s population, the u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Where
are the jobs? Scott Walker finds it’s easier to make bumper stickers
than to boost employment. (Washington Post) [ Oh, riiiiight, Mr. Milbank,
inveterate and unshakable defender of wobama regardless of fact or folly
(wobama’s broken campaign promises, etc.), it’s Scott Walker’s not wobama’s
fault for the nation’s dire predicament despite being the direct consequence of
wobama’s failure to do as promised and rather p***ing money (the nation doesn’t
really have) away in the perma-wars abroad marking his failed presidency as war
criminal bushes before him. Obama’s
semantics draw criticism on Libya Washington Post) [ Semantics? If it
were only wobama’s semantics that drew criticism. But, one must concede that
when fellow black Farrakhan is weighing in thusly: Drudgereport: FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... Minister
Farrakhan: “That’s A Murderer In The White House!” Minister
Farrakhan exposed the U.S. and NATO’s criminal War Libya and Africa during a
June 15, 2011 Press Conference at the UN Plaza Hotel. (I wonder what Chinese mascot ‘the black mamba’ has to say ‘The Chinese people's love
of american basketball star Kobe Bryant’… Kobe Bryant
China Aug 20, 2008
... Beijing It's Kobe's team, in China , anyway… Sprite
China Kobe
Bryant Feb 23, 2011
... Sprite China has paired up NBA Star Kobe Bryant of the LA
Lakers … who has supplanted their own ’yellow / red bamba’; viz., Yao Ming.),
wobama’s really got problems (you know, that unflinchingly loyal 18%). Yet, no one can say the wobama / holder
approach is devoid of racism. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and
personal testimony, an ex-Justice official who quit over the handling of a
voter intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Though having but 5% of the world’s population, the u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
Drudgereport: TEMPLETON
chairman: Financial Crisis 'Around Corner'... 'WE
ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...' CHINA:
USA 'ALREADY DEFAULTING'...
FARRAKHAN:
'THAT'S A MURDERER IN THE WHITE HOUSE'... THE NEW
'NORMAL' GALLUP
PLUNGE... Approval
-4, disapproval +5 -- in one day!
OBAMA
PREPARES TO IGNORE HIS GENERALS
WH
TRANSCRIPT: 'Over the last 15 months we’ve created over 2.1 million private
sector jobs. (Laughter.)'...
REPORT:
GANNETT to slash more jobs across the country… [ No surprise here for this
pathetic shill, rag publisher. The only real newspaper consistent with a
tradition of courage, excellence, and respect for the first amendment is The
Washington Post …] ...
S&P:
Risk of U.S. credit rating downgrade increased...
Chicago
county faces $108 billion
gap in pensions....
Greek
Streets 'Explosive'... PM
wins confidence vote 'but outlook remains dire'...
Huntsman
announces presidential bid at Statue of Liberty... Harry
Reid endorses... Bachmann
surges to primary lead...
Iraq
hunting $17 billion missing after U.S. invasion... NATO
NIGHTMARE: 9 CIVILIANS KILLED NATO strike kills 15 Libyan civilians ] German
Giant Says US Workers Lack Skills... PAPER:
AMERICA'S LOST DECADE? States
look to Internet taxes to close budget gaps...
SPANIARDS
ON MARCH OVER BLEAK PROSPECTS...
House will move this week to limit funding for effort in Libya...
'DON'T
BE SURPRISED IF ATHENS GOES UP IN FLAMES'... GREEK
PM PLEADS FOR UNITY! ...warns
against default Threat
to downgrade Italian debt raises contagion fears...
PAPER:
AMERICA'S LOST DECADE?
Bachmann:
Obama 'has failed' blacks, Hispanics... Presidential
no-show miffs Hispanics... African-American
unemployment at 16%... ]
SHE'S
OFF! (on the road again) Michelle Obama embarks on Africa visit … (stay there!)
...
Federal Tax Receipts Show Economy Grinding to a Halt Lee Adler Jun3
17, 2011 ‘With the Fed now set to end its program of quantitative easing for
the time being and government spending set to decline, the squeeze should
worsen in coming months. Month to date Federal withholding taxes as of June 15
were down 5.5% from last year, negating the monthly gain in May. That gain was
primarily due to the calendar anomaly of a
payment date for a biweekly and semimonthly pay period for many employees
coming on June 1 last year. That resulted in an understatement in May’s 2010
receipts and an overstatement for June last year. Therefore the 5.5% decline so
far this month versus last June makes things look worse than they are. The
truth, as shown in the chart below, is that tax receipts over the last rolling
monthly period are about even with last year, suggesting that the economy has
stalled, but has not collapsed to the degree implied by a 5.5% decline. http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchJUNE2011/tax1.jpg Chart data through June 15 moving
average of daily withholding tax collections is at about the
same level as last year. May’s gains have dissipated. The 13-week moving
average is sinking fast and should be hitting bottom now. It is at roughly the
same level as last year. Normal seasonality has a flat period through the third
quarter, with a drop into the low in September/October. If this graph drops
below last year’s level from here, then the economy probably is in free fall.
That would be very bad news in terms of the levels of debt the Treasury must
float in the months ahead. taxes as of June 15,
excise taxes were down 8% versus last year. Corporate taxes were down 9.3%.
Quarterly income taxes are due on June 15. The April 15 quarterly tax take was
only down 6% y/y. The drop in excise and corporate taxes are bad signs for the
economy, and again suggest that the government will need to borrow far more in
the months ahead than the Treasury had expected based on its rosy economic assumptions.
The Treasury market could be in for a shock when the size of new auctions start
coming in much larger than anticipated. http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchJUNE2011/tax2.jpg Through June 15…’
Double
Shot Primes Markets: Dave's Daily ‘The Fed
completed the largest POMO action since QE2 began in September. Monday's POMO ("A Double Shot of My Baby's Love"?) came as markets were still
oversold, which relieved this condition but may leave us drumming our fingers
until after Wednesday's FOMC meeting results. Although stocks rallied modestly
Monday, volume was nearly 35% below last week's trading. The negative news overhang remains with most insiders believing Greece will have to accept (at least
superficially) the harsh terms the IMF and ECB have announced. Behind the
scenes American banksters led by Bernanke and the Chinese, with skin in the
game, are pressing hard for a deal. Frankly, anything can happen but a breakup
of the EU and the euro itself are on the table. That said, the euro was
stronger again as some believe a deal will be made and that QE3 is inevitable
no matter how they describe it. The current buzz is "the twist" with
the Fed forcing a cap on the two-year Treasury bond to keep short-term rates low. This is dollar bearish. Beyond the focus on
Wednesday's FOMC meeting and Greece commodity prices were little changed, the
dollar was weaker and bonds were mixed. (I'm in NYC this week and this will
reduce normal commentaries.) As stated, volume was much weaker than last week
and below average but breadth per the WSJ was positive relieving technical
oversold conditions.’
Wall Street ends higher, but weak volume a warning sign (Reuters) Stocks rose on
Monday, as the latest development to reduce Greece's debt helped draw buyers
and the S&P 500 touched a key support level, but anemic volume signaled the
recent weakness ma...
Greek
Debt Restructuring Off the Table: EU Official
CNBC | A restructuring of Greece’s 340
billion euro ($481.5 billion) debt is not on the agenda.
Federal Tax Receipts Show Economy Grinding to a Halt Wall St. Cheat Sheet June 20, 2011 ‘Markets closed up on Wall Street: Dow
+0.63% , S&P +0.54% , Nasdaq +0.50 , Oil +0.26, Gold +0.08% .
On the commodities front, Oil ( NYSE:USO ) had a slight uptick, closing over $93 a barrel.
Precious metals were both up slightly with Gold ( NYSE:GLD ) adding $1.20 to close at $1,540.30 and Silver ( NYSE:SLV ) showing modest gains of 0.70%, about 25 cents.
Today’s markets were up because:
1) No Big Earnings Reports . Just about every day it
seems some big company announces dismal earnings below expectations and their
plummeting share prices pull down the market. But today no such news. With the
slowly recovering economy taking a turn for the worse this past month, no news
is good news. In the meantime, check out our new Wall St. Cheat Sheet earnings
sneak peeks: Micron
Technology Inc. Third Quarter Earnings Sneak Peek .
2) Hope for Greece. EU leaders have expressed their
confidence that a Greek aid package will be decided upon shortly, and it seems
likely they might be able to avoid a default. The absence of bad news is giving
the euro a boost. A resolution should come any day now, and analysts expect
investor relief to account for significant gains on all the indices. Check Out:
Greece
Getting Desperate, Will Sell off State Assets .
3) Big Individual Company News. The indexes were all
propped up today by a few big companies with big gains. Ford ( NYSE:F ) shares were up as they announced plans to revamp the
Lincoln brand, while fellow Detroit-based competitor GM ( NYSE:GM ) also saw shares rise today. Wal-Mart ( NYSE:WMT ) shares were up after they won their Supreme Court sex
bias case, while the healthcare and consumer discretionary sectors showed the
highest gains today, while the tech sector was also up with big gains from
Caterpillar ( NYSE:CAT ) and DuPont ( NYSE:DD ) leading the way. ‘
How
Miserable? Index Says the Worst in 28 Years When it comes to measuring the combination of unemployment and inflation,
it doesn’t get much more miserable than this.
After
Dumping 30% Of Its Treasury Holdings In Half A Year, Russia Warns It Will
Continue Selling US Debt Just in time
for the end of QE2, when the US needs every possible foreign buyer of US debt
to step up to the plate, we get confirmation that yet another major foreign
central bank has decided to not only not add to its US debt holdings, but to
actively sell US Treasurys.
Russia to Lower
U.S. Debt Holdings Wall Street Journal | Russia will
likely continue lowering its U.S. debt holdings as Washington struggles to
contain a budget deficit and bolster a tepid economic recovery.
Spanish
protesters launch anti-austerity marches AFP | Seething
over the destruction of millions of jobs, welfare cuts and corruption, the
first of at least three nationwide marches set off from eastern Spain’s
Mediterranean city of Valencia.
Greek
Debt Restructuring Off the Table: EU Official CNBC | A
restructuring of Greece’s 340 billion euro ($481.5 billion) debt is not on the
agenda.
Report: Typical City Bus Contains No Fewer Than Four Erections
At Any Given Time www.theonion.com [ Your tax dollars at work! ]
WASHINGTON—A report from the U.S. Department of Transportation confirmed
Thursday that at any one time, the average American city bus is occupied by at
least four fully erect penises. "This persistent level of physical arousal
remains a mystery, as we have found no link between these erections and either
the attractiveness of fellow passengers or the intensity of vehicle
vibrations," the report read in part, also noting that when one of the
four engorged penises goes flaccid, another immediately hardens, as if to take
its place. "Four is just a minimum, of course. During rush-hour traffic,
there may be as many as 21 stiffened members on a single bus, while off-peak
erection counts often hover around five or even six." The report's statistics
do not include bus drivers, who are believed to remain constantly erect
throughout their shifts.
Siemens Says US
Workers Lack Skills CNBC.com | “There’s a
mismatch between the jobs that are available… and the people that we see out
there.”
Bernanke
May Face ’Self-Induced Paralysis’ As a Princeton University professor, Ben Bernanke castigated the Bank of
Japan in 2000 for a “case of self-induced paralysis” that led to a decade of
stagnation.
Another
Broker Halts Trading In Gold And Silver Products CMC Markets, a broker out of Australia which offers
Contracts For Difference (CFDs), has just formally joined the increasingly
larger group headed by Forex.com (discussed on Saturday) which is now advising
customers that gold and silver trading will be prohibited in a month.
Stocks rally on b***s*** alone from the eurozone
on a purported, though unannounced plan by merkel and sarkozy (a zionist now
preoccupied with the Libya fiasco Drudgereport:
FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA FIGHTS
FOR HIS RIGHT TO BOMB LIBYA... ) to avoid greek default. Yet, default
per se is not the problem. Indeed, China has already said, correctly defacto if
not technically, that america’s already is in default [Drudgereport: CHINA: USA 'ALREADY
DEFAULTING'... The waning full moon also accounts for
the action to the upside as the lunatic, criminally insane, lunatics / frauds
on fraudulent wall street attempt to keep the other lunatics / suckers suckered
with contraindicated rally on insurmountably bad news (no, those new apartment
building construction numbers change nothing). This is all pre-2012 election
year unaffordable obfuscation of failure across the board. Amazingly, the
lunatics on wall street now have plenty of company worldwide, particularly that
nato / eu bunch bringing to mind that old adage of ‘apples not falling far from
the trees’, conversely speaking. Paying attention to Robert Lenzner, infra, and
Toby Connor, among others, is wise counsel . Prepare
for Next Leg Down in Secular Bear Market, Beginning of Next Recession /
Depression Connor at Minyanville
Too
Soon To Buy The Dip In This Market at Forbes Sy Harding ‘Don't buy
this dip. After six straight down weeks the S&P 500 is down only 6% from
its April peak.
That’s not near enough to factor all the negatives into
stock prices. Those negatives include the rapidly slowing U.S. economy, sharply
rising global inflation, plunging global markets as central banks raise
interest rates to ward off inflation, the cuts in government spending yet to
hit the U.S. economy as Washington and individual states tackle their record
budget deficits, and the end of the Fed’s QE2 stimulus program.
Yet already Wall Street is assuring investors that the
correction is over, and the lower prices are presenting a buying opportunity.
Be careful. After six straight down weeks the market is
short-term oversold and due for a brief rally off that oversold condition. But
it’s strictly a technical situation. The market doesn’t move in a straight line
in either direction. In strong rallies it periodically becomes short-term
overbought and pulls back some to alleviate that short-term overbought
condition before the rally resumes to new highs. In market corrections it
periodically becomes short-term oversold and rallies back up some to alleviate
the short-term oversold condition before the correction resumes.
Meanwhile, although all financial firms have a staff of
technical analysts keeping up with the market’s technical condition, Wall
Street grabs onto simple non-technical explanations when making its attempts to
keep investors buying.
So on Thursday, it explained the market’s positive day as
being a response to the reports that new claims for unemployment fell by 16,000
in the previous week, and new home starts were up 3.5% in May, claiming those
are signs the economic slowdown is bottoming.
They know that reasoning is ridiculous. Unemployment
claims jump up and down week-to-week for a variety of reasons. Five weeks ago
they declined a much larger 29,000 for the week to a total of 409,000. They’ve
been up and down since, and this week they declined 16,000 to 414,000. But
that’s more total claims for the week than there were in mid-May. And new home
starts rose 3.5%, but that was after an 8.8% decline in April, leaving them
lower than in March and still scraping along a depression-like 25-year low.
On Friday morning the market continued its technical
rally off the short-term oversold condition. Wall Street said it was in
response to French President Sarkozy’s remarks that the EU will probably
consent to a new bailout package for Greece. A market strategist on a TV
financial show said, “This is the catalyst a lot of people were looking for to
jump back into the market.”
Huh? That Europe will kick the solution of the Greek debt
crisis down the road again, with another temporary bailout payment, has no
connection whatever to slowing global economies and rising inflation.
Meanwhile, Wall Street ignored the reports that were important this
week.
The Housing Market Index, measuring the confidence of
home-builders, plunged to just 13 this month (on a scale of 1 to 100), a
nine-month low. Inflation at the consumer level (CPI) was up 0.2% in May, now
up 3.6% over the last 12 months, more than double what it was a year ago. The
NY State Mfg Index, and the Fed’s Philadelphia Mfg Index, both plunged again
this month, this time into negative territory. The Philadelphia Index, often a
precursor of the national reports, plunged to -7.7 from +3.9 in May, +18.5 in
April, and +43.4 in March. It was the largest three-month collapse in the
history of the report.
Meanwhile, as global central banks raise interest rates
and tighten monetary policies to fight the rising inflation, slowing their
economic growth, their stock markets have been in serious corrections. And
historically, global markets, including the U.S., move pretty much in tandem
with each other in both directions.
The world’s ten largest economies behind the U.S. are
China, Japan, Germany, France, the United Kingdom, Brazil, Italy, Canada,
India, and Russia. As a result of their concerns about their slowing economies
and rising inflation, their stock markets are down an average of 12%, with most
hitting new lows every few days, no bottom in sight.
And Wall Street is telling us the correction in the U.S.
market is already over with a decline of just 6%, and U.S. economic reports
still coming in more negative each month, and with more roadblocks to recovery
still ahead?
Buy the dip?
I suggest continuing to sell into any short-term strength
that develops, and taking positions in ‘inverse’ ETF’s and ‘inverse’ mutual
funds, which are designed to move opposite to the market and thus make gains in
market corrections.
In the interest of full disclosure my
technical indicators triggered an intermediate-term sell signal on the market
on May 8, and I and my subscribers have had profitable positions since in two
‘inverse’ ETFs, the ProShares Short Russell 2000, symbol RWM, and the ProShares
Short S&P 500, symbol SH. And it is my intention to add to my downside
positions in selected ‘inverse’ funds in any short-term rally that develops.’
The frauds on wall street et als should be criminally prosecuted, jailed,
fined, and disgorgement imposed … an especially great opportunity to sell /
take profits while you still can since there's much worse to come! Selling
In May Is Very Good Advice This Year
Harding Remember: Sell in May and Go
Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert
Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock
sales is telling. At 565 sells for every 1 buy, it’s never been
higher. Yes, it’s normal for insiders to be selling some of their stocks so
they can buy new yachts and some of this is pre-planned. But that ratio — which
has spiked recently — is extraordinarily high, one might even say off-the-chart.
Federal Tax Receipts Show Economy Grinding to a Halt
Sell
On The Rallies- Don't Buy On the Dips at Forbes Robert Lenzner [ I quite
agree with Mr. Lenzner who has resisted through sound judgment the temptations
and implicit pressures of the herd mentality on wall street. After all, bulls
are cattle and hardly known for their brain power. ] ‘ Don’t listen to all the money managers selling their wares on tv ...’
National / World
Supremes Rule EPA Final Arbiter on Carbon Dioxide Kurt Nimmo | According to the high court, only the Environmental Protection Agency
has the authority to mandate a reduction in emissions.
One Nation Under….The Military-Industrial Complex Paul Joseph Watson | NBC edits out “under God” from pledge of allegiance during US Open
coverage, replaces it with worship of empire.
Video Exposing Google Chief Schmidt Censored by You Tube Paul Joseph Watson | You Tube threatens to terminate Alex Jones Channel over baseless Obama
Joker “racism” claim.
NATO’s
Terror Over Tripoli Tony Cartalucci | NATO declared
mid-May that it would be “increasing the range of targets” it could hit,
including “government infrastructure.”
Ron
Paul: “I Want To Legalize Freedom. What’s So Bad About That?” Congressman Ron Paul fired back at an NBC host today for
suggesting that he was a fringe candidate in the 2012 GOP presidential race,
despite the fact that Paul won another straw poll over the weekend.
Supremes
Rule EPA Final Arbiter on Carbon Dioxide On Monday the Supreme Court blocked a federal lawsuit launched by conservation
groups to force power plants to reduce so-called greenhouse gases. The ruling
was 8-0.
U.N.
Exploits Libyan Refugees, Calls for Taxing “Rich” Nations Bureaucrats at the United Nations want “rich” countries
to tax their citizens to pay for an exploding refugee problem, the Financial
Times reports today.
Minister
Farrakhan: “That’s A Murderer In The White House!” Minister Farrakhan exposed the U.S. and NATO’s criminal
War Libya and Africa during a June 15, 2011 Press Conference at the UN Plaza
Hotel.
One
Nation Under….The Military-Industrial Complex NBC Sports has been forced to apologize following an
outcry after the network deliberately edited out the words “under God,” from
the US pledge of allegiance in a video segment for the US Open that showed
images of US troops, but the edit has nothing to do with NBC’s purported
“liberal bias” and everything to do with the fact that NBC is owned by the US
military-industrial complex.
‘Technical
Error’: NATO admits killing babies NATO has admitted that civilians were killed in an air strike on a Tripoli
suburb on Sunday. Gaddafi officials say two babies were among the nine dead.
Barack
Obama impersonator hauled offstage at Republican gathering A comedian impersonating Barack Obama at a gathering of
Republican activists was ushered offstage after making series of racially
tinged jokes about the president’s biracial background
Gold
Rises To New Record In GBP – Close to Near Record Highs In Euros And Most
Currencies On Global Debt Contagion Risk Gold is being supported as default risk has increased after EU finance
ministers failed to agree on a new Greek loan package. Gold priced in sterling
rose to new record nominal highs this morning at Ł954.84/oz and the weakness of
the euro has seen gold rise to touching distance (9 euros) from new record
highs in euro terms at €1,088/oz.
Bilderberg-Approved
Perry Set to Become Presidential Frontrunner Every indication suggests that Bilderberg-approved Texas Governor Rick
Perry is set to become the frontrunner in the Republican race to challenge
Barack Obama for the presidency, illustrating once again how a shady, secretive
and undemocratic global elite holds the reigns of true power while Americans
are distracted by the delusional notion that they have a genuine choice in
2012.
The Elite’s Plan for Global Extermination Exposed by Dr.
Webster Tarpley Infowars.com | This interview
conclusively exposes scientific elite’s true agenda, world-wide genocide and
the formation of a global government to rule.
Video Exposing Google Chief Schmidt Censored by You Tube Paul Joseph Watson | You Tube threatens to terminate Alex Jones Channel over baseless Obama
Joker “racism” claim.
‘Up To Seven Civilians Dead’ In Tripoli Air Strike Sky News | Libyan officials have said up to seven civilians were killed in a Nato
air strike in eastern Tripoli in the early hours of Sunday morning.
Ron Paul Wins RLC Straw Poll in a Landslide New American | Ron Paul won the Republican Leadership Conference straw poll by a
landslide in New Orleans Saturday.
Anti-austerity
protests spread across Europe Euronews | “Society is
paying for this crisis and that’s what we want to change.”
Greece
faces power outages due to austerity strike AP | Greece faced
power outages on Monday as employees at the main power utility began 48-hour
rolling strikes to protest the company’s privatization.
Clinton
on Syria: Astounding Lies, Zero Legitimacy Out of either desperation or immeasurable hubris, Secretary of State
Hillary Clinton has just attempted to rewrite the last 3 months of history,
contradicting her own department’s statements made during the onset of the
Syrian unrest.
World
Stocks, Crude Prices Fall After Europe Delays Greek Decision World stocks, the euro and crude prices fell on Monday
and bond yields in heavily indebted euro zone countries jumped after the
region’s finance ministers delayed a final decision on extending emergency
loans to Greece.
Syria
president insists he is loved as he condemns foreign conspiracy behind protests
Bashar al-Assad, the Syrian
president, has blamed the unrest gripping his country on foreign conspirators
and Islamic extremists, insisting that his people loved him more than ever.
Gates
warns Congress not to cut off Libya funds Defense Secretary Robert Gates warned Congress on Sunday not to cut off
funding for U.S. military involvement in Libya and predicted that the operation
targeting Libyan leader Muammar Gaddafi’s forces will “end OK.”
US drops charges
against bin Laden Federal
prosecutors dropped charges against Osama bin Laden from attacks spanning more
than a decade, officials said in court papers filed in US District Court in New
York Friday.
More than 100,000 in Spain anti-crisis
protests More than 100,000 protesters took to the streets in Spain on Sunday
blaming bankers and politicians for causing a financial crisis that forced the
country to adopt painful spending cuts.
NATO strike kills 15 Libyan civilians BEIJING, June
21 (Xinhuanet) -- Libya's official government spokesman says 15 civilians were
killed by a NATO airstrike on the home of one of Muammar Gaddafi' top officials
in Surman, 70 kilometers west of Tripoli.
Sen. Al
Franken: Congress must vote on Libya Sen. Al Franken (D-MN) said that congressional approval would be needed to
authorize continued U.S. military intervention in Libya.
For
Greece, $160B wasn’t enough Officials involved in the financial
rescue in the spring of 2010 didn’t expect to be back so soon. (Washington
Post) [ And yet, this dire predicament for Greece mirroring a similar dour
scenario globally, and pervasively corrupt, defacto bankrupt america
particularly is in reality but a small part of the equally dour prospects for
stocks. Stocks rally on b***s*** alone from the eurozone on a
purported, though unannounced plan by merkel and sarkozy (a zionist now
preoccupied with the Libya fiasco Drudgereport:
FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA FIGHTS
FOR HIS RIGHT TO BOMB LIBYA... ) to avoid greek default. Yet, default
per se is not the problem. Indeed, China has already said, correctly defacto if
not technically, that america’s already is in default [Drudgereport: CHINA:
USA 'ALREADY DEFAULTING'... The waning full moon also accounts for
the action to the upside as the lunatic, criminally insane, lunatics / frauds
on fraudulent wall street attempt to keep the other lunatics / suckers suckered
with contraindicated rally on insurmountably bad news (no, those new apartment
building construction numbers change nothing). This is all pre-2012 election
year unaffordable obfuscation of failure across the board. Amazingly, the
lunatics on wall street now have plenty of company worldwide, particularly that
nato / eu bunch bringing to mind that old adage of ‘apples not falling far from
the trees’, conversely speaking. Paying attention to Robert Lenzner, infra, and
Toby Connor, among others, is wise counsel . Prepare
for Next Leg Down in Secular Bear Market, Beginning of Next Recession /
Depression at Minyanville Toby Connor June 16, 2011
And this time it's going to be much, much worse than in 2008. ‘Don't let the
perma bulls fool you -- this is not a normal correction, and it has nothing to
do with Greece or Spain. This is the beginning of the next leg down in the
secular bear market and the start
of the next economic recession/depression. And this time it's going to be much,
much worse than it was in '08…’ The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come!
America’s
shine is wearing off I know why we are falling into a cataclysm of debt and
can’t get out. (Washington Post) [ Ah, yes. The Puritans. Of noble purpose,
religious freedom, freedom generally did they come to these shores. A rare
exception to the influx of immigrants to this young nation who turned out to be
more a virus to the indigenous peoples of this land than what could have been
expected from those of noble calling. Indeed, in evolutionary terms, it’s
doubtful that those so positioned abroad would have represented a positive
addition to the gene pool which, borrowing from an insurance term, viz.,
adverse selection, springs forth the notion of inevitability to the genocide of
the indigenous populations while guaranteeing the decline we see throughout
this foundering nation. The effects of these negative predispositions toward
inherent criminality is certainly being felt globally as well as domestically
and has little to recommend it. My own direct experience with the region(s)
(particularly new jersey, new york, virginia, connecticut, california) carves
out no exception for the prevalence of the worst of human nature; which is now
collectively and pervasively americana.
Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec
liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
Though having but 5% of the world’s population, the u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
The frauds on wall street et als should be criminally prosecuted, jailed,
fined, and disgorgement imposed … an especially great opportunity to sell /
take profits while you still can since there's much worse to come! Selling
In May Is Very Good Advice This Year
Harding Remember: Sell in May and Go
Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert
Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock
sales is telling. At 565 sells for every 1 buy, it’s never been
higher.
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t
think so! I do believe that both nations are regressively but nostalgically
trying bring the world back to failed geopolitical paradigms that made the 20th
century the bloodiest century, not coincidentally the american century
(obviously for israel the latter half century). Yet, such a conditioned
psychopathic approach to global matters has led them self-destructively,
self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs,
extinction, at least in a manner of speaking. Global information exchange at
lightning speed has made such throwbacks to a lost era, propaganda, and
maladaptive traits foolish at best, deadly at worst. Intelligent people
worldwide aren’t buying the obsolete, Orwellian approach fostered by the
purveyors of global unrest; viz., israel, america, Orwellian england, etc.;
more specifically, diversion of the masses from the glaring failures of
leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Carlyle
picks underwriters for IPO (Washington Post) [ Clearly part of the
problem. ‘Cashing out’ while the ‘goin’s good’, gettin' out while the gettin’s
good? Well what else is wall street for? Stock
Market: 4 Current Warning Signs Navin ‘…1) The
5-year high in the level of insider corporate stock sales is telling. At 565
sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some
of their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed … an especially great opportunity to sell / take profits
while you still can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding Remember: Sell in May and Go
Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Previous:
Carlyle
Group planning IPO (Washington Post) [ Come on! Mr. Heath makes this sound like an
almost public service endeavor to serve the public interest in some vague,
nondescript fashion (What of real value do they do? … kind of like the
fraudulent wall street high-frequency trading churn-and-earn … Nothing! … Like
parasitic termites eating away at the foundation of the nation); poppy’s estate
plan is maximized, along with the other principal’s financial interests by
cashing out through this ‘public offering / scam’ as for the most part, this
era of their ‘jig is up’ . Meet The Carlyle Group How will President George W. Bush
make a personal fortune from the War on Terror? The old fashioned way. He'll
inherit it; Meet the Carlyle Group . www.hereinreality.com/carlyle.html How will President George W. Bush personally make million$,
if not billion$ from the War on Terror? The easy way. He'll inherit it. Meet the Carlyle Group Former World Leaders and Washington Insiders Making Billions
in the War on Terrorism Bush Baker
Carlucci Darman Major
Ramos http://www.angelfire.com/indie/pearly/htmls/bush-carlyle.html
Investment giant says it will likely sell shares. Defense Secretary
Robert M. Gates tours eastern Afghanistan, days before the Obama administration
is scheduled to complete a major review of its war strategy. ]
Wall
Street snaps six-week decline The Dow Jones closed in positive
territory, ending the longest series of weekly losses since 2002. (Washington
Post) [. Stocks rally on b***s*** alone from the eurozone on a
purported, though unannounced plan by merkel and sarkozy (a zionist now
preoccupied with the Libya fiasco Drudgereport:
FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA FIGHTS
FOR HIS RIGHT TO BOMB LIBYA... ) to avoid greek default. Prepare
for Next Leg Down in Secular Bear Market, Beginning of Next Recession /
Depression at Minyanville Toby Connor June 16, 2011
And this time it's going to be much, much worse than in 2008. ‘Don't let the
perma bulls fool you -- this is not a normal correction, and it has nothing to
do with Greece or Spain. This is the beginning of the next leg down in the
secular bear market and the start
of the next economic recession/depression. And this time it's going to be much,
much worse than it was in '08…’ Yet, default per se is not the problem.
Indeed, China has already said, correctly defacto if not technically, that
america’s already is in default [Drudgereport: CHINA:
USA 'ALREADY DEFAULTING'... The waning full moon also accounts for the action to the
upside as the lunatic, criminally insane, lunatics / frauds on fraudulent wall
street attempt to keep the other lunatics / suckers suckered with
contraindicated rally on insurmountably bad news (no, those new apartment
building construction numbers change nothing). This is all pre-2012 election
year unaffordable obfuscation of failure across the board. Amazingly, the
lunatics on wall street now have plenty of company worldwide, particularly that
nato / eu bunch bringing to mind that old adage of ‘apples not falling far from
the trees’, conversely speaking. Paying attention to Robert Lenzner, infra, and
Toby Connor, among others, is wise counsel . The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come!
Gaddafi
defiant as bombing continues NATO strikes the Libyan capital at the
four-month mark of the uprising that plunged country into civil war. Report:
Obama overruled lawyers on air war Boehner
sharpens criticism of Obama on Libya
(Washington Post) [
Drudgereport: PAPER:
2 Top Lawyers Lost to Obama in Libya War Policy Debate... 'Extraordinarily rare'... [ ‘WASHINGTON — President Obama rejected the
views of top lawyers at the Pentagon and the Justice Department when he decided
that he had the legal authority to continue American military participation in
the air war in Libya without
Congressional authorization, according to officials familiar with internal
administration deliberations. Jeh C. Johnson, the Pentagon general counsel, and
Caroline D. Krass, the acting head of the Justice Department’s Office of Legal
Counsel, had told the White House that they believed that the United States
military’s activities in the NATO-led air war amounted to “hostilities.” Under
the War Powers Resolution , that would
have required Mr. Obama to terminate or scale back the mission after May 20…’ ] Greek
rating now worst in the world... CCC... Likely
Default... USA
in Even 'Worse Shape Financially Than Greece'...
Obama Launching World War III Infowars.com | The
international banking cartel is using Obama and the US military to start World
War III.
Globalists Call For
‘Big War’ The secret globalist
group “Bilderberg” called for a big war by expanding the turmoil in Libya into
a full-scale conflict involving the entire Middle East except for Israel. This
is a grim and bloody outlook, because, historically, every time Bilderberg
orders war, the guns begin to shoot.
Gaddafi
on Libyan TV pledges to defeat NATO Libyan TV aired an audio speech from
leader Muammar Gaddafi on Friday in which he vowed to defeat the NATO alliance
trying to dislodge him from Tripoli.
Globalists Want Permanent Occupation of Iraq Paul Joseph
Watson | US has “no intentions of ever leaving” even as
December deadline nears.
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t
think so! I do believe that both nations are regressively but nostalgically
trying bring the world back to failed geopolitical paradigms that made the 20th
century the bloodiest century, not coincidentally the american century
(obviously for israel the latter half century). Yet, such a conditioned
psychopathic approach to global matters has led them self-destructively,
self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs,
extinction, at least in a manner of speaking. Global information exchange at
lightning speed has made such throwbacks to a lost era, propaganda, and
maladaptive traits foolish at best, deadly at worst. Intelligent people
worldwide aren’t buying the obsolete, Orwellian approach fostered by the
purveyors of global unrest; viz., israel, america, Orwellian england, etc.;
more specifically, diversion of the masses from the glaring failures of
leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Drudgereport: TEMPLETON chairman: Financial
Crisis 'Around Corner'... 'WE ARE ON THE VERGE OF A
GREAT, GREAT DEPRESSION...' CHINA: USA 'ALREADY
DEFAULTING'...
FARRAKHAN: 'THAT'S A MURDERER
IN THE WHITE HOUSE'... THE NEW 'NORMAL'
Iraq hunting $17 billion
missing after U.S. invasion... NATO NIGHTMARE: 9 CIVILIANS
KILLED NATO strike kills 15 Libyan civilians ] German Giant Says US Workers
Lack Skills... PAPER: AMERICA'S LOST DECADE? States look to Internet taxes
to close budget gaps...
SPANIARDS ON MARCH OVER BLEAK
PROSPECTS...
House will move
this week to limit funding for effort in Libya...
'DON'T BE SURPRISED IF ATHENS
GOES UP IN FLAMES'... GREEK PM PLEADS FOR UNITY! ...warns against default Threat to downgrade Italian
debt raises contagion fears...
PAPER: AMERICA'S LOST DECADE?
Bachmann: Obama 'has failed'
blacks, Hispanics... Presidential no-show miffs
Hispanics... African-American unemployment
at 16%...
SHE'S OFF! (on the road
again) Michelle Obama embarks on Africa visit … (stay there!) ...
Federal Tax Receipts Show Economy Grinding to a Halt
Sell
On The Rallies- Don't Buy On the Dips at Forbes Robert Lenzner [ I quite
agree with Mr. Lenzner who has resisted through sound judgment the temptations
and implicit pressures of the herd mentality on wall street. After all, bulls
are cattle and hardly known for their brain power. ] ‘ Don’t listen to all the money managers selling their wares on tv.
Unfortunately, this is a watershed moment for investors again– and I’m feared
all the negatives in the world are seeming to overwhelm. We are in midst of 7th
straight week down.QE2 will end in 15 days– and it played a strong
support system for equities– up 25%, oil, up 25% and gold, up 25% ever since
September, 2010 when Fed Chairman Ben Bernanke signaled he wanted to increase
the wealth on paper of investors. If equities are on the way down– and the rout
today overwhelmed the gains yesterday– then you will experience the
double whammy of stocks and homes losing value at the same time– to what
extent nobody knows. Money center banks like Bank of America certainly face
write-downs from their huge portfolio of home mortgages. Wells Fargo, a
Berkshire holding, is one of the widest held stocks by the mutual fund
industry. Yes, The Greek economy is in deep trouble, but the larger problem is
the holdings of European banks in the loans of Greece, Ireland, Portugal, Spain
and Italy. Already, Moodys is talking about downgrading 3 major French banks.
It’s the turn of the British and German banks to face huge write-offs on their
loans to troubled nations– and secondarily the need to raise more capital
themselves. I was informed this morning that some large money market funds in
the US may hold large amounts of European bank paper, which could be difficult
to liquidate in the current market environment. We’ll try to check
out which ones, but you may recall that PIMCO lost most of the $3.4 billion in
Lehman Brothers fixed income securities it owned. Then, there’s the
uncomfortable coincidence of the sell off in the emerging nations, especially
China where inflation is running at 6%, and the understandable softness in
major commodities like oil– $94 in the US today, while the dollar rallied
and gold looks to have lost its momentum. Indeed, this is a watershed moment.
Just because cash is yielding nothing is no good reason to be 100% invested in
common stocks.’
3 Reasons Why Friday’s Markets Were Mixed After Greek News June 17, 2011 Wall St. Cheat
Sheet ‘ Markets closed
mixed on Wall Street: Dow +0.36% , S&P +0.30% , Nasdaq -0.28% , Crude -1.98
, Gold +0.63% .
On the commodities front, Oil ( NYSE:USO ) continued to fall, closing at $93 a barrel, while
precious metals were both up slightly, with Gold ( NYSE:GLD ) adding nearly $10 to close at $1,539 and Silver ( NYSE:SLV ) showing modest gains of 0.87%, about 30 cents.
Today’s markets were mixed because:
1) Greece gets on track . Sort of. German Chancellor
Angela Merkel and French President Nicolas Sarkozy both spoke Friday in a joint
news conference , stressing the fact that they were working to preserve
the stability of the euro while nearing a consensus on how to handle Greece’s
bailout that won’t require private sector involvement while also (hopefully)
preventing restructuring and default. The EU breathed a small, collective sigh
of relief after the conference, and the euro made a 1.28% gain against the U.S.
dollar.
2) Conflicting Data. Again. The Conference Board announced today that the Leading
Economic Index for the U.S. showed an increase of 0.8% last in May , but a
Thomson Reuters survey showed that consumer sentiment in June dropped even more
than had been expected after being up in May. In the meantime, the housing
market continues to be poor, and unemployment is a consistent problem. Despite
yesterday’s announcement that jobless claims had decreased, companies like
Research in Motion ( NASDAQ:RIMM ) are having lay off workers as net
profits and revenue continue to decline.
3) Gas Prices . The one tiny beacon of hope comes in the
form of lower gas ( NYSE:UGA ) prices, which continue to fall off record highs last
month. Crude was trading over $100 a barrel last week but is now down around
$93 today, with gas prices between $3.50 and $3.70 in most states, well below
the $4-plus many were seeing in May. ‘
Prepare
for Next Leg Down in Secular Bear Market, Beginning of Next Recession /
Depression at Minyanville Toby Connor June 16, 2011
And this time it's going to be much, much worse than in 2008. ‘Don't let the
perma bulls fool you -- this is not a normal correction, and it has nothing to
do with Greece or Spain. This is the beginning of the next leg down in the secular
bear market and the start
of the next economic recession/depression. And this time it's going to be much,
much worse than it was in '08. warning
investors to get out of the general stock market. I was confident that once the dollar
put in its three-year cycle low the next deflationary period would begin and stocks would enter
the third leg down in the secular bear market. http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%201.jpg http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/Bear%20chart%202.jpg Click to enlarge http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%203.jpg stock market
correction. It would have led to a new bear market except Ben Bernanke quickly
started QE2.
Not only do we
have a market that is testing the prior intermediate cycle low when it
shouldn't be, we also have a clear topping pattern in place. Just like in '07
the market managed a marginal breakout to new highs in May that failed to
follow through. You can see the same thing occurred in October of '07. This is
quite often how markets top...or bottom for that matter. A technical level is
breached; technicians either buy the breakout or sell the breakdown. Smart
money fades the move and the market reverses. This is exactly how the '07 top
was formed. It's also how the market bottomed in '02. And now the cyclical bull
has topped with that exact same reversal pattern in 2011. http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%204.jpg http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%205%20good.jpg http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%206.jpg stock
markets . moving
average during the
fall rally. http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%207.jpg Traders and investors need to start preparing for what's ahead.
If you are still invested in the general stock market, I believe you should
exit -- either now, or into the rally that should come off the March lows in
the next week or two. Don't get fooled by the analysts who will be telling you
the correction is over -- it won't be. This won't be over until late July or
early August. assets as the dollar will continue to rally and gain purchasing
power in a deflationary environment.
All this hasn’t punctured the wishful thinking at the Fed
and on Wall Street, where corporate profits are expected to prove
stock prices are too cheap. Here’s the list of the wishful thinking
items I heard or read today;
*There won’t be a default on US debt– or even a reduced
credit rating. I have to admit a gnawing anxiety about resolving budget
cuts sufficient to raise the debt limit by trillions. Yes, trillions.
Could there really be a political stalemate and flirtation with a crisis over
our finances? I’m beginning to think the worst of all possible worlds. China
and Germany are looking to reduce our credit rating. Comes the revolution, an
overthrow of American financial superiority.
*Oil prices will decline and that development
will allow consumers to spend money and stimulate the economy. Maybe they will–
and maybe they won’t. Rules should installed to limit speculation in energy
futures by institutional investors.
*We are close to a bottom in housing. My answer; we’ve
been told we were close to a bottom for many months now– and it’s
an absurd notion. Yale’s Schiller is suggesting the loss in housing values
could be another 10-20%. Goldman Sachs called this horror story over a year
ago.
* If the economy doesn’t pick up, Fed Chief Bernanke will
declare QE3. Except that QE2 failed to create jobs or economic activity. It
only served to help speculators in gold, silver and oil. There will be an
outcry if QE3 is declared as it only helps the gold lovers– and they are
already filthy rich.
* The bank stocks are selling below book value; their
balance sheets are clean. It’s an enormous buying opportunity. Then, why was
there talk about busting up Morgan Stanley today. Liquidating a major
investment bank? Now, that’s a devilish sign of serious trouble on the
horizon.
*Here’s the most unhealthy element that’s operative;
corporate profits and executive compensation have been strong– while wages for
ordinary Americans are lower. “What is to be done?” asked Lenin in 1917.
Neither the White House nor Wall Street know what to do to turn this decline
around.
We are all being challenged by a deterioration that seems
to have no obvious public policy solution. Pain is coming.’
Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press” climaxed Sunday with a startling market
prognostication from David Brooks, conservative columnist for the NY Times . The risk of a debt default over the
combustible issue of the Medicare deficit hangs over the course of the stock
market. Buyers Beware!“I was up in Wall Street this week,” Brooks said.
“They’re vastly underestimating the source of piolitical risk here. We could
have a major problem, I think, either this summer or the next couple years. And
I’d be worried about investing too much in the market. That’s my financial
advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a
devastating long-term economic decline..’ ]
States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall
street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed), and have used the mideast turmoil to obfuscate their failure. Davis ‘This is how
we pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is no
fixing this and even a Republican said you can’t fool all of the people all of
the time. THIS HOUSE OF
CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this
low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares
and pay dividends with what essentially is taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come!
Where
Is The Recovery? I Cannot Seem To Find It Tony Pallotta | If the US
government reduced spending by 40% today, right this second we still could not
put a dent in a $12 trillion national debt.
Sen.
Sanders Spurs Return to ‘Made in America’: Says U.S. Future Depends on It The Daily
Ticker [Who would be foolish enough to say Sen. Sanders’ heart isn’t in the
right place from the perspective of a u.s. senator. Yet, who would be so
foolish as to not realize how foolish such a statement is in evincing a clear
lack of understanding in terms of business, tooling, retooling, investment and
return on investment, minimum or less wages, etc., and decades if at all to
accomplish. The reality is that they can’t unring the bell that they themselves
rung, even laughing as they did so at, for example, Ross Perot who admonished
all. The futility of the belated rhetoric is that it can’t be accomplished in
the foreseeable future that counts. ]
Are we in for a Double-Dip? [
Yes! ] Simon Maierhofer June 17, 2011
‘Over the past few weeks various economic indicators have been building
a coffin for the U.S. economy. Is the last nail about to be hammered in?
Before we entertain the much dreaded D-D word (Double
Dip), let's take a look at some of the economic numbers and see if it's really
that bad.
Housing Market
May's data for housing was all bad. It started out with
weak housing starts reported on May 17 and continued with worse than expected
pending home sales (May 27) and an S&P/Case-Shiller Home Price Index that
dipped to the lowest level since March 2003.
The discrepancy between the performance of real estate
(NYSEArca: IYR - News ), REIT ETFs (NYSEArca: VNQ - News ), and the actual
real estate market has long highlighted the absurd power of QE2 to lift stocks
but leave the rest of the economy in the dust.
The chart below shows the performance of the
S&P/Case-Shiller Home Price Index (20-Composite).
http://www.etfguide.com//contributor/UserFiles/8/Image/SPCase-Shiller.gif
Unemployment
This weekend's Wall Street Journal put a positive spin on
the jobless report and simply stated: 'Job market loses momentum.' If you
really look at the numbers, you'll see that the jobless recovery never had any
momentum.
It's taken a lot of lipstick and statistical
alchemy, such as excluding workers that have been out of a job for more than 99
weeks and simply decreasing the workforce, to keep this 'pig' more presentable
than it really is.
Consumer Confidence
Consider this for a moment. In May 2011, small caps
(NYSEArca: IWM - News ) and mid caps (NYSEArca: IWR - News ) reached an
all-time high. I won't spend time pointing out how contradictory this is to the
global economic (NYSEArca: EFA - News ) picture.
Despite certain segments of the market being at all-time
highs and the Dow Jones (DJI: ^DJI), S&P (SNP: ^GSPC), and Nasdaq (Nasdaq:
^IXIC) at new recovery highs, the Consumer Board's Consumer Confidence Index
was at a dismal 60.8 in May.
http://www.etfguide.com//contributor/UserFiles/8/Image/CCB%20Confidence%20Index.gif
As the above chart shows, the average reading since 1967
is 94.5. The current reading is lower than it was after the 9-11 attacks and
about as low as in 2002. Consumer spending accounts for 75% of GDP. What
happens if the consumer doesn't feel confident?
Worse than Expected
Other worse than expected numbers in May came from the
Empire State Manufacturing Survey, Redbook Retail Survey, Philly Fed Survey,
Durable Goods Orders, GDP, Chicago PMI, and the ISM Manufacturing Report.
They were worse than expected because economists - who
are generally bullish at the top and bearish at the bottom - expected much
better numbers. Thanks to Citigroup, it is now possible to quantify just how
right or wrong economists are.
The Citigroup Economic Surprise Index measures actual
data outcome relative to consensus expectations. A positive index reading means
that economic releases have, on balance, been beating consensus estimates. As
of June 2, the index was at -91 (see chart below). By June 16 it had dropped to
-101.
http://www.etfguide.com//contributor/UserFiles/8/Image/Citigroup%20ESI.gif
Dare to be Different
Unlike most economists, the ETF Profit Strategy
Newsletter expected the market to peak out after an April rally. Following a
low-risk entry against major Fibonacci support at 1,255 in March, the S&P
formed a rare bullish dragonfly doji. The Newsletter's forecast for the month
of April (issued on April 3) read as follows:
'A dragonfly doji generally carries bullish implications.
Considering the overall technical picture and the bullish April seasonality,
higher prices seem likely and odds favor a buy the dips strategy over the next
1-3 weeks. There is a fairly strong Fibonacci projection resistance at 1,369.
In terms of resistance levels, the 1,369 - 1,xxx (reserved for subscribers)
range is a strong candidate for a reversal of potentially historic
proportions.'
The importance of 1,369 was re-emphasized again on May 1,
with a recommendation for aggressive investors to short the S&P against
1,369. Following a 46-month low in the VIX (Chicago Options: ^VIX) on Friday
April 29, the S&P topped on Monday May 1, at 1,370 and hasn't really looked
back since.
Adjusting the Sensors
The purpose of any sensor, gauge, or indicator is to
signal trouble before it happens. A 'Check Engine' light doesn't help much if
it lights up after the engine blows. The proverbial canary in the coal
mine is vital because it smells toxic gases before anyone else does.
Unfortunately, Wall Street doesn't subscribe to the
concept of prevention, and neither do economists. If they did, there wouldn't
have been a 2002 tech crash (NYSEArca: XLK - News ), a 2005
real-estate crash, or a 2007 financial crash (NYSEArca: XLF - News ).
Many economic indicators (and the economy) never really
recovered. Normally this is reflected in stock prices. However, like a muzzle,
QE2 has restrained the stock market from expressing its feelings freely.
Investors may hope that Mr. Bernanke will unleash some version of QE3, but now
is not the time to base investment decisions on hope. After a 100%+ rally from
the 2009 low, the easy money has been made…’
16
Meaningless Market Phrases That Will Make You Sound Smart On TV The Daily
Ticker
Here are the 16
Meaningless Market Phrases That Will Make You Sound Smart On TV
CNBC's
15 Most Embarrassing Bloopers Slideshow Thwarter on Nov 4, 12:20 PM said:
Here's a complete list for those of you who
have better things to do than waste your time indulging this site's desperate
ploy for clicks:
http://www.businessinsider.com/the-10-best-cnbc-screw-ups-2009-11#charlie-gasparinos-f-bomb-1#ixzz1PbIEJdXN
[video]Trader:
Dow Could Drop to 10,500 TheStreet.com TV
The day in 2011 that will change your life – overnight(!) WARNING: What you are about to see is
controversial, and may be offensive to some audiences. Viewer discretion is
advised. http://www.stansberryresearch.com/pro/1011PSIEND49/LPSILC42/PR
IMF
cuts U.S. growth forecast, warns of crisis Reuters | The IMF, in
its regular assessment of global economic prospects, said bigger threats to
growth had emerged since its previous report in April.
How
Miserable? Index Says the Worst in 28 Years When it comes to measuring the combination of unemployment and inflation,
it doesn’t get much more miserable than this.
Greek
debt crisis: billions more will be pumped in to rescue Greece The International Monetary Fund is preparing to pump more
money into Greece’s stricken economy in an attempt to calm turmoil on the
financial markets.
Europe’s
‘Lehman Moment’ Looms as Greek Debt Unravels Markets: Euro Credit The European Union’s failure to contain the Greek debt
crisis is sending fresh shockwaves through currencies, money markets, equities
and derivatives.
National / World
Texas State Officials Groped By TSA As “Punishment” Steve Watson | Agents admit forceful pat-downs were conducted when officials opted out
from body scanners.
Obama Launching World War III Infowars.com | The international banking cartel is using Obama and the US military to
start World War III.
Apple wants to turn off iPhone cameras RT | Apple users have often found workarounds for many of the iPhones
features since it was released.
Globalists Want Permanent Occupation of Iraq Paul Joseph Watson | US has “no intentions of ever leaving” even as December deadline nears.
Are
Hacker Attacks False Flag Attacks to Justify a Crackdown on the Internet? LulzSec hasn’t demanded democracy, freedom, justice or
any other worthy goals. They are just attacking websites. [ I personally
believe a majority of the hacks are american cia / nsa sponsored. ]
Globalists Call For
‘Big War’ The secret globalist
group “Bilderberg” called for a big war by expanding the turmoil in Libya into
a full-scale conflict involving the entire Middle East except for Israel. This
is a grim and bloody outlook, because, historically, every time Bilderberg
orders war, the guns begin to shoot.
Gaddafi
on Libyan TV pledges to defeat NATO Libyan TV aired an audio speech from leader Muammar Gaddafi on Friday in
which he vowed to defeat the NATO alliance trying to dislodge him from Tripoli.
FBI Says
Somali al-Qaeda May Attack Hotels Authorities in the United States are warning that al-Qaeda in Somalia
plans to launch a Mumbai-style attack on the Ritz Carlton in London.
Obama Launching World
War III In this critically
important update, Alex warns that the international banking cartel is using
Obama and the US military to start World War III. Globalists
Want Permanent Occupation of Iraq Despite the fact that U.S. troops are scheduled to leave Iraq later this
year, chatter arising out of the recent Bilderberg conference in St. Moritz
strongly suggests that the occupation will be prolonged indefinitely, even as
US military forces prepare for new interventions in Libya and Syria.
Goldman,
JP Morgan Have Now Become A Commodity Cartel As They Slowly Recreate De Beers’
Diamond Monopoly About a month
ago we reported on an inquiry launched into JPM’s “anti-competitive” and
“monopolistic” practices on the LME which have resulted in artificially high
prices for a series of commodities which had been hoarded by the Too Big To
Fail bank.
Ron Paul: Bold
Economic Leadership Ron Paul has
proven to be the voice of reason in American politics. For over three decades,
he has been consistently and vigilantly sounding the alarm on runaway
government spending and the out of control, destructive policies of the Federal
Reserve System. Is
Obama About to Install a Commie at the Pentagon? Leon Panetta, Obama’s man at the CIA that he wants to
send on to the Defense Department, is a Marxist according to Aaron Klein,
writing for WorldNetDaily.
America
Is Being Raped … Just Like Greece and Other Countries The war between liberals and conservatives is a false
divide-and-conquer dog-and-pony show created by the powers that be to keep the
American people divided and distracted.
Fluoride Is Good For You
:) Luke was onsite in
Dundalk and decided to interview Walter Graham about the ongoing stupidity of
water fluoridation. Luke himself thinks that fluoride is great for the teeth
but Walter decided to inform him of the truth.
INFOWARS
EXCLUSIVE: Military Sources Reveal Ground Force Invasion of Libya Infowars.com has received alarming reports from within
the ranks of military stationed at Ft. Hood, Texas confirming plans to initiate
a full-scale U.S.-led ground invasion in Libya and deploy troops by October. Nigel
Farage: Bankers+politicians = ‘unholy alliance’ vs people Renowned Eurosceptic and British Euro MP Nigel Farage
says saving the banks is why politicians are so determined to bail out Greece
and keep it in the Eurozone.
‘American
Exceptionalism’ Just More NWO Rhetoric During the 2012 election campaign, you’ll probably be hearing a lot about
“American exceptionalism,” particularly from the Republican presidential
candidates. [ The only american exceptionalism today is in fraud, crime, and
mental illness. Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t
think so! I do believe that both nations are regressively but nostalgically
trying bring the world back to failed geopolitical paradigms that made the 20th
century the bloodiest century, not coincidentally the american century
(obviously for israel the latter half century). Yet, such a conditioned
psychopathic approach to global matters has led them self-destructively,
self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs,
extinction, at least in a manner of speaking. Global information exchange at
lightning speed has made such throwbacks to a lost era, propaganda, and
maladaptive traits foolish at best, deadly at worst. Intelligent people
worldwide aren’t buying the obsolete, Orwellian approach fostered by the
purveyors of global unrest; viz., israel, america, Orwellian england, etc.;
more specifically, diversion of the masses from the glaring failures of
leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Pressed
by party, Weiner resigns N.Y. congressman
decides to step down following revelations that he sent sexually explicit
messages and photos to women online. (Washington Post) [Drudgereport: WEINER
ROASTED... [ Ah, yes. Weeny
roast indeed. Ain’t gonna’ have Tony to kick around anymore. The end of a saga
as Tony Weiner resigns. Truth be told, I’m a bit surprised. After all, as
stated in a soundbite of a new york voter, ‘they (the rest of congress) are
worse than him!’ Difficult to dispute. The truth, that is. Kind of like that scene in ‘Road to Perdition’
of mob boss Newman’s retort to hitman / enforcer Hanks, ‘there are only
murderers in this room’. Point well-taken. After all, they backed bush’s war
crimes, covered up wall street’s crisis-causing frauds in the trillions even to
this day, are venal and corrupt even as they, along with the executive branch,
scoffed at straight-shooters as Ross Perot who highlighted what is now
recognized as gross incompetence, extended their tainted touch to the quid pro
quo federal courts, etc.. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ] Press
conference turns into circus... NO HUMA... MSNBC
Host: 'Reminded me of Saddam Hussein hanging'... REPORT:
Could Run For Seat Again in Upcoming Special Election... Congressman
Joins Jobless Ranks... ...Approached
for 'Entourage' Cameo
SEXTING WEINER OFF TO REHAB
NEW
PHOTOS: Weiner Used Congressional Gym As 'Sexy' Backdrop... Entering
'psychological treatment center'... PELOSI:
OUT... DNC
BOSS: RESIGN... Boehner
gets laughs with quip... PELOSI:
You gotta' go... DNC
BOSS: RESIGN... Chorus
to quit grows... WEINER
WON'T GO Cops
probe texts to teen girl... MSG:
'Large. Tights and cape'... Weiner
admits, says they were harmless... Rangel
defends: 'He wasn't going out with little boys'... THE NEW TACK: Dem rep sick, needs treatment to 'make himself
well'... New
X-rated Weiner photo hits web... Weiner:
That's my weiner, too... Another
Weiner Sexter Emerges... POLITICO
on Weiner: 'Dam is breaking'... DEMS
BAILING... Old
Flame Calls on Him to Quit... he transcript of a nine-month
"sexting" relationship Weiner had with a Las
Vegas blackjack dealer . Radar Online posted the transcript, and it is rife with
misogyny and distorted views about women. In referring to oral sex, Wiener
tells her, “You will gag on me before you c** with me in you” and “[I’m]
thinking about gagging your hot mouth with my c***.” This is not about sex.
It’s about dominating and inflicting physical pain on a woman, a fantasy the
hard-core porn industry makes billions of dollars on selling to men. You don’t
want to gag a woman with your penis unless you have some serious issues with
the way you see women. As for his
other views of women, he tells her, “I hear liberal girls are very, uh,
accommodating of other[s],” playing on a bogus stereotype that politically
liberal women are promiscuous. When he asks the woman, who is Jewish, “You give
good h**d?” and she says yes, he exclaims: “Wow a Jewish girl who sucks c***!
this thing is ready to do damage.” ‘ [ What a total
mental case! ] REPORT:
Weiner coached woman to lie... TMZ:
Offered PR help... Dems
Begin Peeling Off... Breitbart
says he has X-rated photo... WHACKED,
NOT HACKED! 'Used govt. resources'... Breitbart:
'I Want To Hear Truth'... 6
'inappropriate' relationships... ABCNEWS:
Mystery Woman Revealed... HER
STORY... Risqué
Online Chats, Photo Swaps... SLIDESHOW... VIDEO:
'Web of lies'... TWITTER TEARS: WEINER ADMITS REPORT:
Woman claims to have 200 explicit messages from NY Dem... IT
MIGHT BE MY WEINER! REPORT:
WEINER'S TALE UNRAVELING... By Daniel Libit Sunday, June 5, 2011 ‘As the world has attempted to make
sense of Rep. Anthony Weiner’s claim that his Twitter account was hacked, a key
clue has been missing: exactly how the notorious groin pic was posted online.
But according to data provided exclusively to The Daily from TweetCongress.org,
a nonprofit website that captures each member of Congress’s Twitter feeds in
real time, the shot seen round the world was transmitted using TweetDeck — a
popular Adobe desktop application that links up with social networking sites. A
review of Weiner’s Twitter stream from May 27, the day of the crotch pic, shows
that Weiner had been posting only from TweetDeck — one of many ways to post
messages to Twitter — that entire night. Chet Wisniewski, a senior security
adviser at security software company SophosLabs, said the TweetDeck stamp “does
make it more plausible that it did come from him.” Weiner used TweetDeck
frequently, but he often also posted from the Web directly or from his
BlackBerry. A widely
circulated explanation for how Weiner’s Twitter account could have been
hacked by email would also seem to be incompatible with the fact that the
message in question originated on TweetDeck. If email had been used, the
message probably would have originated via the photosharing site Yfrog, where
the infamous picture was posted …’ [ Weiner
admits he sent lewd picture; won't quit (AP) - After
days of denials, a choked-up Rep. Anthony Weiner confessed Monday that he
tweeted a photo of his bulging underpants to a young woman, and he also
admitted to "inappropriate" excha...’ Tearful US
congressman admits to crotch photos (AFP) ]'This
Could Be The End For Him'... ’Pot Calls Kettle Black’: Donald
Trump Unloads on Anthony Weiner: "He's a Psycho" - Donald
Trump has a new target, and boy does he look pleased. "The fact is,
Anthony Weiner is a bad guy," the Celebrity Apprentice honcho, who
recently decided against running for... 'Have
You Ever Taken A Picture Like This Of Yourself?'... WEINER
CALLS COPS ON CBS WASHINGTON
(CBSNewYork) — ‘Congressman Anthony Weiner said Thursday he’s
finished talking about the lewd photo sent from his Twitter account.But he
still wouldn’t say whether
he’s the one in the picture .So CBS 2 political reporter Marcia
Kramer decided to go to his office on Capitol Hill to try to get you some
answers.You’ll never believe what happened.Kramer tried to get an interview
with the six-term New York Democrat and as a result had the cops called on
her.Kramer walked in to Weiner’s office, announced herself as being from CBS 2
in New York City and said she’d like to see the congressman. Those few words
created quite the stir. Doors slammed and people pretended she wasn’t there ...’
Weiner’s
efforts don’t cool furor The congressman
said that he didn’t send a lewd photo on Twitter but also that he couldn’t “say
with certitude” whether the image was of his own crotch. (Washington Post) [ ‘Weiner’s weiner’! ‘Not cool furor’ … how
‘bout just plain ‘not cool’. Eh … what can you expect from national drain /
sinkhole new york (new york / new jersey metro). I haven’t read but probably
agree with the following article: Listen
up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr.
Milbank weighs in: ‘ The
Weiner roast Congressman
finds himself in a fight he does not relish.’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec
liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings / Volkman
Though having but 5% of the world’s population, the u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
NSA,
Internet carriers collaborating Program is deploying tools to
scan major defense contractors’ traffic in hopes of thwarting
cyberattacks. (Washington Post) [ Oh
come on! News? Even before google’s overt relationship with the NSA (their bots
don’t need internet carrier collaboration), I presumed, and I believe
correctly, virtually anything on your screen or the web’s available to them
(there are also backdoors through identifying intel chips, and microsoft’s
monopoly depends on cooperation, etc.). I’ve certainly been hacked more than
once. The ‘cloud’ is a laugher in that regard.
Facebook
Censoring Some Alternative News Sites While Allowing Hackers To Attack Others Infowars.com Facebook
now appears to be censoring some alternative news sites while allowing hackers
to go after others. It is no wonder they lost 6 Million users in the US last
month. Google
denies special deal for Barack Obama Infowars.com Google denied
Wednesday that it gave President Barack Obama’s re-election campaign special
access to a new advertising program, something a sales representative from the
search and advertising giant had claimed in an email to customers. The Cloud: Trojan Horse For Internet Takeover [ I must agree
and find it difficult to imagine any rational person giving over to the cloud
their own computer ops. ] Paul Joseph Watson | Welcome to a corporate, cable TV-style world wide web. Change:
First Lady Wants Hollywood to Excrete Even More Pro Military Propaganda Michelle Obama wants to see more stories of military
families on TV and in movies, so she came to Hollywood to do something about
it. Drudgereport: Protesters burn American flag
during Obama visit to Puerto Rico -- a U.S. territory ... I
find even his retirement costs objectionable. Obama: My
family is ‘fine’ with one term Politico | President Barack Obama says his family is “not
invested” in a second term. The unctuous pandering by the wobamas is
nauseating. And, michele’s fundraisers? What’s up with that? Wobama’s such a glomming golem / slug. Obama
says if he were Weiner, he’d resign President Obama on Monday waded
into the debate over whether embattled Rep. Anthony Weiner should step down,
saying, “If it was me, I would resign..Barack
Obama: The Naked Emperor Shocking but true revelations from David Icke| ..Obama is just more of the same, a big smile with
strings attached, and controlled completely by those that chose him, trained
him, sold him and provided his record funding, kept his many skeletons under
wraps, like the gay sex and crack cocaine .. Larry Sinclair (from affidavit: 1.
Who is Ron Allen that claims to be with your Presidential camp, who is alleged
to claim that someone claiming to represent me called asking for $100,000, to
keep me from coming forward about our (Obama and I) November 1999 encounter of
sex and cocaine use?), ... Obama is just another Banksters' moll prostituting
himself .., and that's why he supported the grotesque bail-out of the banking
system and why he will always put their interests before the people. http://albertpeia.com/obamadeceptionhighqualityversion.flv
Afghans
prepare to take over security In areas where Afghan forces will be
taking control from foreign troops next month, emotions are mixed. (Washington
Post) [ Senate
Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a hard
place called Afghanistan; indeed they are. [ Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Jones
FLASHBACK: Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ Davis ‘This is how we pay off our current debts and I think bondholders
are simply happy to get anything out of a country that admits it owes $15Tn
(1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in
the form of unfunded liabilities. The funniest thing about this (and you have
to laugh) is to see Conservative pundits get on TV and talk about how we need
to cut $100Bn worth of discretionary spending to "fix" this (while
continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1%
each year). There is no fixing this and even a Republican said you can’t fool
all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE
CAREFUL OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this
low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares
and pay dividends with what essentially is taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog
/ the grim economic reality [ http://albertpeia.com/grimreality.htm UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and
personal testimony, an ex-Justice official who quit over the handling of a
voter intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Greece
teeters amid default risk Athens reshuffles cabinet and works to convince a nation
to stand behind a new round of spending cuts. (Washington Post) [ Sell
On The Rallies- Don't Buy On the Dips at Forbes Robert Lenzner [ I quite agree with Mr.
Lenzner who has resisted through sound judgment the temptations and implicit pressures
of the herd mentality on wall street. After all, bulls are cattle and hardly
known for their brain power. ] ‘ Don’t listen to all the money
managers selling their wares on tv. Unfortunately, this is a watershed
moment for investors again– and I’m feared all the negatives in the world are
seeming to overwhelm. .. Yes, The Greek economy is in deep trouble, but the
larger problem is the holdings of European banks in the loans of Greece,
Ireland, Portugal, Spain and Italy. Already, Moodys is talking about
downgrading 3 major French banks. It’s the turn of the British and German banks
to face huge write-offs on their loans to troubled nations– and secondarily the
need to raise more capital themselves. I was informed this morning that some
large money market funds in the US may hold large amounts of European bank
paper, which could be difficult to liquidate in the current market
environment. We’ll try to check out which ones, but you may recall
that PIMCO lost most of the $3.4 billion in Lehman Brothers fixed income
securities it owned. Then, there’s the uncomfortable coincidence of the sell
off in the emerging nations, especially China where inflation is running at 6%,
and the understandable softness in major commodities like oil– $94 in the US
today, while the dollar rallied and gold looks to have lost its momentum.
Indeed, this is a watershed moment. Just because cash is yielding nothing is no
good reason to be 100% invested in common stocks.’
Prepare
for Next Leg Down in Secular Bear Market, Beginning of Next Recession /
Depression at Minyanville Toby Connor June 16, 2011 And this time it's going to be much, much
worse than in 2008. ‘Don't let the perma bulls fool you -- this is not a normal
correction, and it has nothing to do with Greece or Spain. This is the
beginning of the next leg down in the secular bear market and the start of the next economic recession/depression.
And this time it's going to be much, much worse than it was in '08. For months
now I've been warning
investors to get out of the
general stock market…’
Daley’s
courtship of executives hits rough patch White House Chief of Staff
William M. Daley, meeting with a group of manufacturing executives in
Washington, finds an exasperated crowd airing their grievances over the
president’s policies. (Washington Post) [ Courtship … rough patch … sounds
likes excerpts from a group family therapy session … not that they aren’t in
need of substantial therapy; and that goes for the vastly overpaid american
execs as well as the whitehouse, et als. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press” climaxed Sunday with a startling market
prognostication from David Brooks, conservative columnist for the NY Times . The risk of a debt default over the
combustible issue of the Medicare deficit hangs over the course of the stock
market. Buyers Beware!“I was up in Wall Street this week,” Brooks said.
“They’re vastly underestimating the source of piolitical risk here. We could
have a major problem, I think, either this summer or the next couple years. And
I’d be worried about investing too much in the market. That’s my financial
advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a
devastating long-term economic decline..’ ]
States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall
street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed), and have used the mideast turmoil to obfuscate their failure. Davis ‘This is how
we pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but probably
owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities.
The funniest thing about this (and you have to laugh) is to see Conservative
pundits get on TV and talk about how we need to cut $100Bn worth of
discretionary spending to "fix" this (while continuing to spend $1Tn
on the military and $1Tn on tax cuts for the top 1% each year). There is no
fixing this and even a Republican said you can’t fool all of the people all of
the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE
BE CAREFUL OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this
low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares
and pay dividends with what essentially is taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! Where
Is The Recovery? I Cannot Seem To Find It Tony Pallotta | If the US
government reduced spending by 40% today, right this second we still could not
put a dent in a $12 trillion national debt.
Sen.
Sanders Spurs Return to ‘Made in America’: Says U.S. Future Depends on It The Daily
Ticker [Who would be foolish enough to say Sen. Sanders’ heart isn’t in the
right place from the perspective of a u.s. senator. Yet, who would be so
foolish as to not realize how foolish such a statement is in evincing a clear
lack of understanding in terms of business, tooling, retooling, investment and
return on investment, minimum or less wages, etc., and decades if at all to
accomplish. The reality is that they can’t unring the bell that they themselves
rung, even laughing as they did so at, for example, Ross Perot who admonished
all. The futility of the belated rhetoric is that it can’t be accomplished in
the foreseeable future that counts. ]
Sell
On The Rallies- Don't Buy On the Dips at Forbes Robert Lenzner [ I quite agree with Mr.
Lenzner who has resisted through sound judgment the temptations and implicit
pressures of the herd mentality on wall street. After all, bulls are cattle and
hardly known for their brain power. ] ‘ Don’t listen to
all the money managers selling their wares on tv...’
Prepare
for Next Leg Down in Secular Bear Market, Beginning of Next Recession /
Depression at Minyanville Toby Connor June 16, 2011
And this time it's going to be much, much worse than in 2008. ‘Don't let the
perma bulls fool you -- this is not a normal correction, and it has nothing to
do with Greece or Spain. This is the beginning of the next leg down in the
secular bear market and the start
of the next economic recession/depression. And this time it's going to be much,
much worse than it was in '08. warning
investors to get out of the general stock market. I was confident that once the
dollar put in its three-year cycle low the next deflationary period would begin
and stocks would enter
the third leg down in the secular bear market. http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%201.jpg http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/Bear%20chart%202.jpg Click to enlarge http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%203.jpg stock market
correction. It would have led to a new bear market except Ben Bernanke quickly
started QE2.
Not only do we
have a market that is testing the prior intermediate cycle low when it
shouldn't be, we also have a clear topping pattern in place. Just like in '07
the market managed a marginal breakout to new highs in May that failed to
follow through. You can see the same thing occurred in October of '07. This is
quite often how markets top...or bottom for that matter. A technical level is
breached; technicians either buy the breakout or sell the breakdown. Smart
money fades the move and the market reverses. This is exactly how the '07 top
was formed. It's also how the market bottomed in '02. And now the cyclical bull
has topped with that exact same reversal pattern in 2011. http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%204.jpg http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%205%20good.jpg http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%206.jpg stock
markets . moving
average during the
fall rally. http://image.minyanville.com/assets/FCK_Jan2011/Image/InternsJune11/bear%20chart%207.jpg Traders and investors need to start preparing for what's ahead.
If you are still invested in the general stock market, I believe you should
exit -- either now, or into the rally that should come off the March lows in
the next week or two. Don't get fooled by the analysts who will be telling you
the correction is over -- it won't be. This won't be over until late July or
early August. assets as the dollar will continue to rally and gain purchasing
power in a deflationary environment.
alpeia wrote
Stocks tumble on news from Greece http://www.washingtonpost.com/business/economy/prices-rise-in-may-triggering-inflation-concerns/2011/06/15/AGMBoFWH_allComments.html?ctab=all_&#weighIn Wall Street lost its footing after a
rebound from six weeks of consecutive losses. (Washington Post) [ If that were
only true as the reason for the tumble. After all, u.s. stocks have been
unaffordably and artificially propped up and overvalued far beyond rationality
in seldom seen bubble-territory. The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed… an especially
great opportunity to sell / take profits while you still can since there's much
worse to come! Selling In May Is Very Good Advice This Year Harding Remember:
Sell in May and Go Away and If You’ve Not Sold by June, You’re a Loon! ‘
‘Albert Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs ‘ Dave's Daily 'If you can keep interest rates
this low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam).
POMO is occurring almost daily and Primary Dealers can buy back their shares
and pay dividends with what essentially is taxpayer money--America Is a Failed
State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim
economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In
May Is Very Good Advice This Year Harding / Equity Valuations Are Forming the
Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s
Dr. Robert Shiller, the market is now 41% overvalued …only time the markets
have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/s... Navin 1) The
5-year high in the level of insider corporate stock sales is telling. At 565
sells for every 1 buy, it’s never been higher..extraordinarily high, one might
even say off-the-chart. http://www.albertpeia.com/112208opocoan/ricosummar... http://www.albertpeia.com/112208opocoan/PeiavCoane... http://www.albertpeia.com
Today 6/16/2011 12:08:23 AM PST
alpeia wrote
U.S.-Pakistan relationship in
danger http://www.washingtonpost.com/national/national-security/arrest-indicates-pakistan-leaders-face-rising-pressure-to-curb-us-role/2011/06/12/AGrSi2VH_story.html The relationship is likely to deteriorate
further as Pakistani officials including Army chief Gen. Ashfaq Kiyani come
under pressure, endangering counterrorism programs. (Washington Post) [
U.S.-Pakistan? If it was only ‘U.S.-Pakistan’ as opposed to U.S. and the rest
of the world beyond war crimes nation and u.s. ward israel, and the defacto
bankrupt as america EU, one might say at least a little progress on the
‘non-foreign policy’ front. Yet, that’s but a dream thanks to
war mongering neo-cons, zionists, and so-called change-meister, failed
president as bush, ‘wobama the b’ for b***s***. Drudgereport: OBAMA: WHAT WAR
IN LIBYA? 'No exchange of fire with hostile forces'... Lawmakers Sue... Price tag projected to be $1.1 Billion this year... AHMADINEJAD JOINS CHINA, RUSSIA AT SUMMIT... IRAN PRESIDENT CALLS FOR ALLIANCE AGAINST WEST... Greece Crippled by Protests, Strike Over Austerity... Likely Default... USA in Even 'Worse Shape Financially Than
Greece'... Protesters burn American flag during Obama visit to
Puerto Rico -- a U.S. territory... VIDEO: Heckled At Miami Fundraiser... Report: SEC lawyer exposed FBI informant (Washington
Post) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a
‘pre or post’ arrangement, whether implicit or explicit; you know, that
ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole new york
(new york / new jersey metro) where, for example, FBI informants were routinely
exposed by ‘italians’ in the new york d.a.’s office over the objection of the
FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized
crime [ this was documented with authority in the book ‘Goombata: The
Improbable Rise and Fall of John Gotti and His Gang’ Cummings, Volkman Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkill...
bankrupt america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummar...
http://www.albertpeia.com/112208opocoan/PeiavCoane...
]: CRIME STATISTICS >(america is No. 1) Rank Countries Amount # 1 United States: 11,877,218 # 2 United Kingdom: 6,523,706 # 3 Germany: 6,507,394 UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore
cases that involve black defendants and white victims ' Cases against Wall
Street lag despite Holder’s vows to target financial fraud WP | Obama has promised
to hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityver...
http://www.albertpeia.com
6/15/2011 11:35:48 PM PST
alpeia wrote
Deja Vu of dot-com bubble http://www.washingtonpost.com/business/economy/pandora-ipo-feeds-fear-of-dot-com-bubble/2011/06/15/AGaZrWWH_allComments.html?ctab=all_&#weighIn Pandora’s IPO success is making observers
worried about a return to the dot-com bubble of the 1990s. (Washington Post) [
Dot-com bubble of the 90’s sounds like wishful thinking, as bad as that was.
More like, Equity Valuations Are Forming the Second Biggest Bubble in U.S.
History Kaspar According to Yale University’s Dr. Robert Shiller, the market is
now 41% overvalued …only time the markets have been more overvalued .. 1929
& tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/s... Navin 1) The
5-year high in the level of insider corporate stock sales is telling. At 565
sells for every 1 buy, it’s never been higher.. Sell On The Rallies- Don't Buy
On the Dips at Forbes Robert Lenzner [ I quite agree with Mr. Lenzner who has
resisted through sound judgment the temptations and implicit pressures of the
herd mentality on wall street. After all, bulls are cattle and hardly known for
their brain power. ] ‘ Don’t listen to all the money managers selling their
wares on tv. Unfortunately, this is a watershed moment for investors again– and
I’m feared all the negatives in the world are seeming to overwhelm. We are in
midst of 7th straight week down.QE2 will end in 15 days– and it played a strong
support system for equities– up 25%, oil, up 25% and gold, up 25% ever since
September, 2010 when Fed Chairman Ben Bernanke signaled he wanted to increase
the wealth on paper of investors.If equities are on the way down– and the rout
today overwhelmed the gains yesterday– then you will experience the double
whammy of stocks and homes losing value at the same time– to what extent nobody
knows. Money center banks like Bank of America certainly face write-downs from
their huge portfolio of home mortgages.. Just because cash is yielding nothing
is no good reason to be 100% invested in common stocks.’ http://www.albertpeia.com/112208opocoan/ricosummar... http://www.albertpeia.com/112208opocoan/PeiavCoane... http://www.albertpeia.com/currentopics2ndqtr10108.... http://www.albertpeia.com
Today 6/16/2011 12:04:10 AM PST
alpeia wrote
White House defends Libya action http://www.washingtonpost.com/politics/obama-administration-libya-action-does-not-require-congressional-approval/2011/06/15/AGLttOWH_allComments.html?ctab=all_&#weighIn The administration’s stance puts it at odds
with GOP leaders and some anti-war Democrats. (Washington Post) [ Well, the
defacto bankrupt u.s. can afford it! After all, we’re talking, Drudgereport:
FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA FIGHTS
FOR HIS RIGHT TO BOMB LIBYA... Deadliest day this year... WARS RAGE ON... U.S.
Dead in Afghanistan Tops 1,500... , days, not weeks. http://www.albertpeia.com/realifeamericaserialkill... bankrupt
america also spends more on military than all the nations of the world
combined...fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc.,are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummar... http://www.albertpeia.com/112208opocoan/PeiavCoane... ]: http://albertpeia.com/obamadeceptionhighqualityver... http://www.albertpeia.com
6/15/2011 11:42:21 PM PST
Recommend
Recommended by 2 readers
Drudgereport: TEMPLETON
chairman: Financial Crisis 'Around Corner'... 'WE
ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...' CHINA:
USA 'ALREADY DEFAULTING'... MERKEL
FALLS ON SWORD; MORE GREEK BAILOUT
'MISERY
INDEX' HIGHEST IN 28 YEARS... Abandoned Children Found Running Naked Through Jersey City
Streets...
Exposed:
The secret guns sting that backfired on the US... Carney:
Obama 'Did Not Know About Or Authorize' Gunrunning Op... PAPER:
2 Top Lawyers Lost to Obama in Libya War Policy Debate... 'Extraordinarily rare'... [ ‘WASHINGTON — President Obama rejected the
views of top lawyers at the Pentagon and the Justice Department when he decided
that he had the legal authority to continue American military participation in
the air war in Libya without
Congressional authorization, according to officials familiar with internal
administration deliberations. Jeh C. Johnson, the Pentagon general counsel, and
Caroline D. Krass, the acting head of the Justice Department’s Office of Legal
Counsel, had told the White House that they believed that the United States
military’s activities in the NATO-led air war amounted to “hostilities.” Under
the War Powers Resolution , that would
have required Mr. Obama to terminate or scale back the mission after May 20…’ ] Greek
rating now worst in the world... CCC... Likely
Default... USA
in Even 'Worse Shape Financially Than Greece'... Protesters
burn American flag during Obama visit to Puerto Rico -- a
U.S. territory ... VIDEO:
Heckled At Miami Fundraiser... Carney
defends WH meeting with Wall Street donors... POLL:
Obama Loses to Generic Republican... GREECE
FACES DEMAND FOR DEEPER CUTS...
CHINA
RUSSIA CLOSER
Union
boss: 'Adolf Christie' trying 'to make NJ Nazi Germany'... [ Come on! Let’s get real here! First,
corrupt mob-infested jersey is already that and worse. Second, defacto mob
control, such as it is in jersey, is already facist which ultimately is what
totalitarian regimes are all about, be they right or even left. ]STUDY:
Land of the Free? NY, NJ, CA come out at bottom of individual freedoms...
THE
FALL OF GREECE... Deal
fails to ease contagion fears; Spanish borrowing costs hit 11-year highs...
Russia,
China warn West against Arab interference...
NSA,
Internet Providers Teaming Up To Monitor 'Web Traffic'... Ill.
so broke considers ads on license plates...
Eurozone
'heads for break up'... BOEHNER
GIVES OBAMA ULTIMATUM ON LIBYA 'In
five days, the administration will be in violation of the War Powers
Resolution' on Libya... THE
OTHER WAR: Secret US, Afghan talks could see troops stay for decades ... US Housing
Crisis Now Worse Than Great Depression... Since
stimulus passed, 1.9 M fewer
Americans working... REPORT:
Gold headed for $5K an ounce... OPEC
sees risk of price rise, shortage...
Obama on Weiner: 'I would resign'... Earlier:
Sex Twittering Dem a 'Distraction'... Will
keep $174,000 salary while in rehab...
POLL:
Just 26% Favor Continued Military Action in Libya... UK
Navy chief: Britain cannot keep up its Libya role... Vancouver
Rocked By Stanley Cup Riot... Congratulations
to the Boston Bruins! ] 150
hospitalized... Hockey
dream turns nightmare... SHOCK
VIDEO: Crowd stomps man who tried to stop looting...
DALLAS
MAVS SHUT DOWN THE HEAT... Congratulations
to the Dallas Mavericks! ]REPORT:
Stocks Face Rocky Week... DOW
FALLS BELOW 12,000... Six-week
losing streak longest since Oct 2002... Nasdaq
Turns Negative for Year... Fed
to Announce 'Final Bond Purchases' Today... Another
Housing Drop Predicted... STUDY:
Most Americans 'won't be able to retire until their 80s'... Cash-strapped
states considering online lottery sales...
GALLUP:
OBAMA BACK UNDERWATER 45/46... PA
2008: OBAMA 55%; 2011: 41% APPROVAL... FLA:
Trouble in Paradise...
MURDER
CONVICTION TOSSED OVER 'RACIST' COMMENTS...
Swiss
Politicians To March On Bilderberg, Demand Arrest Of Kissinger... Italian
Politician 'bloodied' sneaking into hotel...
ECONOMIC
'HORROR' AS DATA PLUNGES Dow
Has Longest Weekly Slump Since '04... Housing
prices fall 'beats Great Depression slide'... CHICAGOLAND:
Flash Mobs Attack 2 Men... WAR
NO. 4: USA INTENSIFIES SECRET YEMEN AIRSTRIKES Chicago
rapper calls Obama 'biggest terrorist' in US... Poll:
Obama approval rating drops as fears of depression rise... OBAMACARE
GOES TO COURT... Judges
suggest they may be ready to declare law unconstitutional... ...Express
unease with gov't forcing Americans to buy health care Random
mobs run wild in Chicago... TARGET
CITY BUSES... Victims
seriously injured... NYT: SAUDIS SPENDING $7K PER CITIZEN TO AVOID OVERTHROW
OF KINGDOM... DEVELOPING... OBAMA
OFFERS BAILOUT $$ FOR GREECE... POLL:
Only 24% Say They Share President's Political Views... Nearly
half of Americans fear another Great Depression... OPEC
BREAKDOWN, NEW OIL SPIKE... FED:
Economy falters in several US regions... Lack
of buyers may force Treasury to boost interest rates... China
overtakes USA as top energy consumer... Warns
debt-default idea is 'playing with fire'... Fitch
to review US debt rating... TAX
FURY IN ATHENS AS GOV'T FACES DEBT 'Bankrupt'
claim heightens Spanish debt fears... 9.1% MAY JOBS: +54,000... MCDONALD'S
hired half... Fears
stoked of a 'double-dip'... CBO:
True Cost of Fannie, Freddie Bailouts $317 Billion, Not $130 Billion Obama
Claims... Taxpayers
Still Bailing Out Banks... WH:
'Bumps on the road to recovery'... O
gets booed... LET'S
GOLF ABOUT IT China
Divests 97% of Holdings in US Treasury Bills... DOOM:
More Americans Think Economy Will Never Recover... GOP
sees Obama as increasingly beatable... Recovery
Languishing as Americans Await Signal of Better Times... Congress
Delivers Obama 'Stunning Rebuke on Libya'... Weiner
withdraws from speaking engagement... Dow tumbles 280 points... Private Sector Jobs Grew By Only 38,000 in May... Planned Layoffs Up... Manufacturing Slows... MOODY'S:
US Rating Could Be Placed Under Review... Greece
goes further into junk territory; MOODY'S downgrades... AP:
Consumer confidence falls 'unexpectedly' in May... BARONE:
Pro-Obama media always shocked
by bad economic news... Home-price
index at lowest point since 2006 bust... 'Double-Dip'
Even Worse Than Expected... GOLDMAN
SACHS: $5 gas this summer... Number
of federal-owned limousines has soared under Obama... Obama
bailout of GOV'T MOTORS to cost taxpayers at least $14 billion... Obama
solicitor general: Don't like healthcare mandate, earn less money! REPORT:
Senate's 100 members spend $40M for 700 offices nationwide... 7
'NATO troops' killed Thursday were American... British
Health Care Program in Grave Peril... Netanyahu:
Israel cannot prevent UN recognition of Palestinian state... First
ID'ed as 'Int'l Security Assistance Force service members'... Deadliest
day this year... WARS
RAGE ON... U.S.
Dead in Afghanistan Tops 1,500... OBAMA
HITS GOLF COURSE FOR ROUND NO. 70... ON
THE GROUND IN LIBYA Anti-Christian
Violence Continues in Pakistan... UPDATE:
MIAMI 'WAR ZONE' DURING URBAN WEEKEND... 'I
was scared for my life'... Poet
'Da Real One' Gunned Down In Front Of Miami Poetry Cafe... Violent
crime explodes in Myrtle during Black Bike Week; 8-hour hell... Rib
Fest At Rochester beach turns rowdy... Riot
On Long Island... Urban
Melee In Charlotte... Chaos
causes DNC concern for convention... Unruly
urban crowd shuts down Nashville water park... Emanuel
shuts down packed Chicago beach; 'heat-related illnesses'... REPORT:
'Dozens of gang bangers'... TEEN
GANGS UNLEASHED ON BOSTON BEACH WHO: Radiation From Cell Phones Can Cause Cancer... In same category as lead, engine exhaust,
chloroform... VIDEO:
Woman Screams For Help After TSA Molestation...
WEINER
ROASTED... [ Ah, yes. Weeny
roast indeed. The end of a saga as Tony Weiner resigns. Truth be told, I’m a
bit surprised. After all, as stated in a soundbite of a new york voter, ‘they
(the rest of congress) are worse than him!’ Difficult to dispute. The truth,
that is. Kind of like that scene in
‘Road to Perdition’ of mob boss Newman’s retort to hitman Hanks, ‘there are
only murderers in this room’. Point well-taken. After all, they backed bush’s
war crimes, covered up wall street’s crisis-causing frauds in the trillions
even to this day, are venal and corrupt even as they scoffed at
straight-shooters as Ross Perot who highlighted what is now recognized as gross
incompetence, extended their tainted touch to the quid pro quo federal courts,
etc.. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ] Press
conference turns into circus... NO HUMA... MSNBC
Host: 'Reminded me of Saddam Hussein hanging'... REPORT:
Could Run For Seat Again in Upcoming Special Election... Congressman
Joins Jobless Ranks... ...Approached
for 'Entourage' Cameo
SEXTING WEINER OFF TO REHAB
NEW
PHOTOS: Weiner Used Congressional Gym As 'Sexy' Backdrop... Entering
'psychological treatment center'... PELOSI:
OUT... DNC
BOSS: RESIGN... Boehner
gets laughs with quip... PELOSI:
You gotta' go... DNC
BOSS: RESIGN... Chorus
to quit grows... WEINER
WON'T GO Cops
probe texts to teen girl... MSG:
'Large. Tights and cape'... Weiner
admits, says they were harmless... Rangel
defends: 'He wasn't going out with little boys'... THE NEW TACK: Dem rep sick, needs treatment to 'make himself
well'... New
X-rated Weiner photo hits web... Weiner:
That's my weiner, too... Another
Weiner Sexter Emerges... POLITICO
on Weiner: 'Dam is breaking'... DEMS
BAILING... Old
Flame Calls on Him to Quit... he transcript of a nine-month
"sexting" relationship Weiner had with a Las
Vegas blackjack dealer . Radar Online posted the transcript, and it is rife with
misogyny and distorted views about women. In referring to oral sex, Wiener
tells her, “You will gag on me before you c** with me in you” and “[I’m]
thinking about gagging your hot mouth with my c***.” This is not about sex.
It’s about dominating and inflicting physical pain on a woman, a fantasy the
hard-core porn industry makes billions of dollars on selling to men. You don’t
want to gag a woman with your penis unless you have some serious issues with
the way you see women. As for his
other views of women, he tells her, “I hear liberal girls are very, uh,
accommodating of other[s],” playing on a bogus stereotype that politically
liberal women are promiscuous. When he asks the woman, who is Jewish, “You give
good h**d?” and she says yes, he exclaims: “Wow a Jewish girl who sucks c***!
this thing is ready to do damage.” ‘ [ What a total
mental case! ] REPORT:
Weiner coached woman to lie... TMZ:
Offered PR help... Dems
Begin Peeling Off... Breitbart
says he has X-rated photo... WHACKED,
NOT HACKED! 'Used govt. resources'... Breitbart:
'I Want To Hear Truth'... 6
'inappropriate' relationships... ABCNEWS:
Mystery Woman Revealed... HER
STORY... Risqué
Online Chats, Photo Swaps... SLIDESHOW... VIDEO:
'Web of lies'... TWITTER TEARS: WEINER ADMITS REPORT:
Woman claims to have 200 explicit messages from NY Dem... IT
MIGHT BE MY WEINER! REPORT:
WEINER'S TALE UNRAVELING... By Daniel Libit Sunday, June
5, 2011 ‘As the world has attempted to make sense of Rep. Anthony Weiner’s
claim that his Twitter account was hacked, a key clue has been missing: exactly
how the notorious groin pic was posted online. But according to data provided
exclusively to The Daily from TweetCongress.org, a nonprofit website that
captures each member of Congress’s Twitter feeds in real time, the shot seen
round the world was transmitted using TweetDeck — a popular Adobe desktop
application that links up with social networking sites. A review of Weiner’s
Twitter stream from May 27, the day of the crotch pic, shows that Weiner had
been posting only from TweetDeck — one of many ways to post messages to Twitter
— that entire night. Chet Wisniewski, a senior security adviser at security
software company SophosLabs, said the TweetDeck stamp “does make it more
plausible that it did come from him.” Weiner used TweetDeck frequently, but he
often also posted from the Web directly or from his BlackBerry. A widely
circulated explanation for how Weiner’s Twitter account could have been
hacked by email would also seem to be incompatible with the fact that the
message in question originated on TweetDeck. If email had been used, the
message probably would have originated via the photosharing site Yfrog, where
the infamous picture was posted …’ [ Weiner admits he sent lewd picture; won't quit (AP) - After
days of denials, a choked-up Rep. Anthony Weiner confessed Monday that he
tweeted a photo of his bulging underpants to a young woman, and he also
admitted to "inappropriate" excha...’ Tearful US congressman admits to crotch photos (AFP) ]'This
Could Be The End For Him'... ’Pot Calls Kettle Black’: Donald Trump Unloads on Anthony Weiner: "He's a Psycho" - Donald
Trump has a new target, and boy does he look pleased. "The fact is,
Anthony Weiner is a bad guy," the Celebrity Apprentice honcho, who
recently decided against running for... 'Have
You Ever Taken A Picture Like This Of Yourself?'... WEINER
CALLS COPS ON CBS WASHINGTON
(CBSNewYork) — ‘Congressman Anthony Weiner said Thursday he’s
finished talking about the lewd photo sent from his Twitter account.But he
still wouldn’t say whether
he’s the one in the picture .So CBS 2 political reporter Marcia
Kramer decided to go to his office on Capitol Hill to try to get you some
answers.You’ll never believe what happened.Kramer tried to get an interview
with the six-term New York Democrat and as a result had the cops called on
her.Kramer walked in to Weiner’s office, announced herself as being from CBS 2
in New York City and said she’d like to see the congressman. Those few words created
quite the stir. Doors slammed and people pretended she wasn’t there ...’ Weiner’s
efforts don’t cool furor The congressman
said that he didn’t send a lewd photo on Twitter but also that he couldn’t “say
with certitude” whether the image was of his own crotch. (Washington Post) [ ‘Weiner’s weiner’! ‘Not cool furor’ … how
‘bout just plain ‘not cool’. Eh … what can you expect from national drain /
sinkhole new york (new york / new jersey metro). I haven’t read but probably
agree with the following article: Listen
up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr.
Milbank weighs in: ‘ The
Weiner roast Congressman
finds himself in a fight he does not relish.’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec
liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ John
Cummings (Author), Ernest
Volkman (Author) Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t
think so! I do believe that both nations are regressively but nostalgically
trying bring the world back to failed geopolitical paradigms that made the 20th
century the bloodiest century, not coincidentally the american century
(obviously for israel the latter half century). Yet, such a conditioned
psychopathic approach to global matters has led them self-destructively,
self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs,
extinction, at least in a manner of speaking. Global information exchange at
lightning speed has made such throwbacks to a lost era, propaganda, and
maladaptive traits foolish at best, deadly at worst. Intelligent people
worldwide aren’t buying the obsolete, Orwellian approach fostered by the
purveyors of global unrest; viz., israel, america, Orwellian england, etc..;
more specifically, diversion of the masses from the glaring failures of
leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Worst
Market In Nine Years Spells Worsening Woes at Forbes Robert
Lenzner StreetTalk ‘We broke
through 12,000 on the Dow today in the climax to the worst week in 9
years. It was also the 6th straight week of stock declines– widely
understood to be a sign of what’s to come in the economy. Even Apple, the
darling of the tech world, sold off every day this week– even in the face of
Steve Jobs introduction of the “cloud” storage of all our social media and
entertainment software.All this hasn’t punctured the wishful thinking at the Fed
and on Wall Street, where corporate profits are expected to prove
stock prices are too cheap. Here’s the list of the wishful thinking
items I heard or read today;
*There won’t be a default on US debt– or even a reduced
credit rating. I have to admit a gnawing anxiety about resolving budget
cuts sufficient to raise the debt limit by trillions. Yes, trillions.
Could there really be a political stalemate and flirtation with a crisis over
our finances? I’m beginning to think the worst of all possible worlds. China
and Germany are looking to reduce our credit rating. Comes the revolution, an
overthrow of American financial superiority.
*Oil prices will decline and that development
will allow consumers to spend money and stimulate the economy. Maybe they will–
and maybe they won’t. Rules should installed to limit speculation in energy
futures by institutional investors.
*We are close to a bottom in housing. My answer; we’ve
been told we were close to a bottom for many months now– and it’s
an absurd notion. Yale’s Schiller is suggesting the loss in housing values
could be another 10-20%. Goldman Sachs called this horror story over a year
ago.
* If the economy doesn’t pick up, Fed Chief Bernanke will
declare QE3. Except that QE2 failed to create jobs or economic activity. It
only served to help speculators in gold, silver and oil. There will be an
outcry if QE3 is declared as it only helps the gold lovers– and they are
already filthy rich.
* The bank stocks are selling below book value; their
balance sheets are clean. It’s an enormous buying opportunity. Then, why was
there talk about busting up Morgan Stanley today. Liquidating a major
investment bank? Now, that’s a devilish sign of serious trouble on the
horizon.
*Here’s the most unhealthy element that’s operative;
corporate profits and executive compensation have been strong– while wages for
ordinary Americans are lower. “What is to be done?” asked Lenin in 1917.
Neither the White House nor Wall Street know what to do to turn this decline
around.
We are all being challenged by a deterioration that seems
to have no obvious public policy solution. Pain is coming.’
Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press” climaxed Sunday with a startling market
prognostication from David Brooks, conservative columnist for the NY Times . The risk of a debt default over the
combustible issue of the Medicare deficit hangs over the course of the stock
market. Buyers Beware!“I was up in Wall Street this week,” Brooks said.
“They’re vastly underestimating the source of piolitical risk here. We could
have a major problem, I think, either this summer or the next couple years. And
I’d be worried about investing too much in the market. That’s my financial
advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a
devastating long-term economic decline..’ ]
States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall
street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed), and have used the mideast turmoil to obfuscate their failure. Davis ‘This is how
we pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE OF
CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this
low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares
and pay dividends with what essentially is taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come!
Where
Is The Recovery? I Cannot Seem To Find It Tony Pallotta | If the US
government reduced spending by 40% today, right this second we still could not
put a dent in a $12 trillion national debt.
Sen.
Sanders Spurs Return to ‘Made in America’: Says U.S. Future Depends on It The Daily
Ticker [Who would be foolish enough to say Sen. Sanders’ heart isn’t in the
right place from the perspective of a u.s. senator. Yet, who would be so
foolish as to not realize how foolish such a statement is in evincing a clear
lack of understanding in terms of business, tooling, retooling, investment and
return on investment, minimum or less wages, etc., and decades if at all to
accomplish. The reality is that they can’t unring the bell that they themselves
rung, even laughing as they did so at, for example, Ross Perot who admonished
all. The futility of the belated rhetoric is that it can’t be accomplished in
the foreseeable future that counts. ]
[video]Trader:
Dow Could Drop to 10,500 TheStreet.com TV
Enter
the FBI's Vault: Groucho Marx, Sonny Bono, Helen Keller, UFOs, and Louie Louie at Forbes Bill Singer
Street Sweeper ‘The Federal Bureau of Investigation (“FBI”) recently advised
the public of the online availability of The Vault , which is described as ”our new electronic
reading room, containing more than 3,000 documents that have been scanned from
paper into digital copies . . .” The documents are searchable using key
words or phrases. Curious as to what might be buried in The Vault , I’ve recently
spent a bit of time there. Frankly, it’s been fascinating. Here are some
of the listed categories of documents:
- Administrative
Policy Procedures Anti-War Bureau Personnel Civil Rights Counterterrorism Foreign
Counterintelligence Fugitives Gangs Extremist
Groups Gangster Era Hot Topics Miscellaneous Organizations Organized Crime Political Figures
Events Popular Culture Public Corruption Supreme Court Unexplained
Phenomenon World War II Violent Crime
Going from the sublime to the ridiculous, we find this
entry:
In 1963, a rock
group named the Kingsmen recorded the song “Louie, Louie.” The popularity of
the song and difficulty in discerning the lyrics led some people to suspect the
song was obscene. The FBI was asked to investigate whether or not those
involved with the song violated laws against the interstate transportation of
obscene material. The limited investigation lasted from February to May 1964
and discovered no evidence of obscenity.
Among the folks
featured in the Popular
Culture category are Elizabeth Taylor, Rock Hudson, Jimi
Hendrix,
the Monkees ( Apparently the FBI thought that this
subversive “combo” described as dressing “beatnik like” were projecting
subliminal anti-war messages during their concerts ), Sonny Bono
(Sonny Bono??? Yup!), Lucille
Ball ( Lucy has a 156-page file suggesting she was a registered
Communist from 1936 to 1938. You got some ‘splainin’ to do Lucy! ), Walter
Cronkite (Cronkite? Really?? Uh huh), Groucho Marx ( Perhaps Karl
Marx was part of the original Marx Brothers? ), George Burns, Colonel Sanders
(The Kentucky Fried Chicken Guy? Yeah, he has a file too), Rocky Marciano,
Marilyn Monroe,
Helen Keller ( Nah, ya gotta be kidding me with this one. Nope — there
are some 45 pages concerning allegations of her Communist sympathies. Maybe the
“Miracle Worker” was supposed to be the “Miracle Workers of The World Unite!” ), the Doors,
the Beatles, Frank Sinatra, and far too many more to mention.
What
other fascinating tid-bits are in The Vault ? How about
this gem:
In 1988, two
FBI offices received similar versions of a memo titled “Operation Majestic-12…”
claiming to be highly classified government document. The memo appeared to be a
briefing for newly-elected President Eisenhower on a secret committee created
to exploit a recovery of an extra-terrestrial aircraft and cover-up this work
from public examination. An Air Force investigation determined the document to
be a fake.
Then there was
a truly intriguing one-page
document – a memo from Mr. Guy Hottel (apparently a Special Agent in
Charge (“SAC”) in Washington, D.C.), dated March 22, 1950, titled “ Flying Saucers:
Information Concerning ” :
The
following information was furnished to SA [redacted]:
An investigator
for the Air Force stated that three s0-called flying saucers had been recovered
in New Mexico. They were described as being circular in shape with raised
centers, approximately 50 feet in diameter. Each one was occupied by
three bodies of human shape but only three feet tall, dressed in metallic cloth
of a very fine texture. Each body was bandaged in a manner very similar to the
blackout suits used by speed flyers and test pilots.
According to
Mr. [redacted] informant, the saucers were found in New Mexico due to the fact
that the Government has a very high-powered radar set-up in that area and it is
believed the radar interferes with the controlling mechanism of the saucers.
No further
evaluation was attempted by SA [redacted] concerning the above…’
S&P
500, Russell 2000 ETFs Also Close To Breaching 200-Day Technical Warnings at Barrons.com
Seven-Week
Streak Still Possible at The Wall Street Journal Mark
Gongloff ‘With a late rally, most of
the stock market managed to limp across the wire in the green. How long it will
stay there is an open question.The Dow, up 64 points today, is now 10 points higher on
the week, barely avoiding a rare seven-week losing streak, but still not nearly out
of the woods yet.
The internals of the market were uglier than the
headlines. Decliners on the NYSE outnumbered advancers 1668 to 1367. Declining
volume was 51% of the total, while advancing volume was 47%.
The S&P 500 was up just 2 points today and is just
slightly lower on the week, with one trading day left.
The Nasdaq finished down 8 points and is now 1.1% lower
for the year — not a great sign, if you think tech stocks lead the way for the
rest of the market.
The Dow transports, too, are slightly lower for the year,
as is the Russell 2000.
On the brighter side, financials were among the better
performers today, up 0.6%.
But the best performers were defensive sectors, and the
worst were cyclicals such as tech and consumer discretionary.
Volume was low, the VIX surged again and Treasury yields
ended at their lowest level of the year, at 2.91%.’
3 Reasons Why Thursday’s Markets Were Mixed After Greek Lows Wall St. Cheat Sheet June 16, 2011 Markets closed mixed on Wall Street: Dow
+0.54% , S&P +0.18% , Nasdaq -0.29% , Crude +0.2% , Gold +0.12% .
On the commodities front, Oil ( NYSE:USO ) barely moved to close at $95 a barrel, while precious
metals were mixed with Gold ( NYSE:GLD ) adding a couple bucks to $1,527 and Silver ( NYSE:SLV ) dropping a bit.
Our New Stock Picks are Here: Check Out
Today’s markets were mixed because:
1) Banks caught in the middle. Normally the top banks ( NYSE:KBE ) are birds of a feather, all in the green or all in the
red. But today they’re all over the map with Bank of America ( NYSE:BAC ) and Wells Fargo ( NYSE:WFC ) showing gains today while Citigroup ( NYSE:C ) and JPMorgan ( NYSE:JPM ) suffered losses. Don’t Miss: How
Badly Will a Greek Default Hurt US Banks?
2) How do you solve a problem like Greece? It’s as if
everyone’s been waiting for Greece to implode or break off and float into the
Mediterranean Sea. Instead, bad news steadily trickles in manageable doses. No
restructuring yet, no default. The euro, though down, is still trading above
where it was last summer. People are frozen in their tracks, wondering whether
to run scared or wait it out. It’s like watching a train wreck at 15 miles per
hour.
3) Indecipherable data reports. Yesterday the National
Association of Homebuilders ( NYSE:XHB ) told us confidence
was down for June , but then today we hear from the Commerce Department
that housing
starts , building permits, and housing completions were all up last month. Jobs
data shows a 16,000 decrease in
jobless claims , which is good news, but jobless claims still remain over
400,000, which is bad news. People are looking for economic cues from these
reports and just aren’t getting a solid answer. Some things are getting worse,
some are getting better, and everything is moving slowly…’
Why
Your Money-Market Fund Could Be Hit by Greek Default CNBC | Some of the
safest, plain-vanilla investment accounts in the U.S. could be challenged if
Greece defaults on its sovereign debt.
Greeks
Strike, Clash With Police Over Austerity Reuters |
Stone-throwing Greeks clashed with police and tens of thousands of protesters
marched on parliament on Wednesday.
Gold
May Advance on Inflation Concern, Sovereign-Debt Crisis in Europe Bloomberg | Gold may
gain for the first time in three days.
Europe’s
‘Lehman Moment’ Looms as Greek Debt Unravels Markets: Euro Credit The European Union’s failure to contain the Greek debt
crisis is sending fresh shockwaves through currencies, money markets, equities
and derivatives.
Europe
warned of financial chaos over Greek debt crisis Greece’s 18-month sovereign debt crisis brought the
government to the brink of collapse as public fury over savage austerity
measures erupted in pitched battles with riot police on the streets of Athens. China
Social Unrest Getting Out of Control: Expert China’s security services have managed for now to curb social unrest in
the southern manufacturing city of Zengcheng after migrant workers set fire to
government buildings over the weekend. But one economist says the discord is
more worrying for markets than the nation’s widely-telegraphed soaring
inflation.
Cramer: 10%
Correction Possible A 10 percent
correction is “entirely possible,” Cramer said Wednesday, as stocks fell
sharply on worries the Greece debt crisis may escalate and concerns over other
headwinds facing the economy.
alpeia wrote
Stocks tumble on news from Greece http://www.washingtonpost.com/business/economy/prices-rise-in-may-triggering-inflation-concerns/2011/06/15/AGMBoFWH_allComments.html?ctab=all_&#weighIn Wall Street lost its footing after a
rebound from six weeks of consecutive losses. (Washington Post) [ If that were
only true as the reason for the tumble. After all, u.s. stocks have been
unaffordably and artificially propped up and overvalued far beyond rationality
in seldom seen bubble-territory. The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed… an especially
great opportunity to sell / take profits while you still can since there's much
worse to come! Selling In May Is Very Good Advice This Year Harding Remember:
Sell in May and Go Away and If You’ve Not Sold by June, You’re a Loon! ‘
‘Albert Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs ‘ Dave's Daily 'If you can keep interest rates
this low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam).
POMO is occurring almost daily and Primary Dealers can buy back their shares
and pay dividends with what essentially is taxpayer money--America Is a Failed
State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim
economic reality [ http://albertpeia.com/grimreality.htm ]. Selling In
May Is Very Good Advice This Year Harding / Equity Valuations Are Forming the
Second Biggest Bubble in U.S. History Kaspar ... According to Yale University’s
Dr. Robert Shiller, the market is now 41% overvalued …only time the markets
have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/s... Navin 1) The
5-year high in the level of insider corporate stock sales is telling. At 565
sells for every 1 buy, it’s never been higher..extraordinarily high, one might
even say off-the-chart. http://www.albertpeia.com/112208opocoan/ricosummar... http://www.albertpeia.com/112208opocoan/PeiavCoane... http://www.albertpeia.com
Today 6/16/2011 12:08:23 AM PST
alpeia wrote
U.S.-Pakistan relationship in
danger http://www.washingtonpost.com/national/national-security/arrest-indicates-pakistan-leaders-face-rising-pressure-to-curb-us-role/2011/06/12/AGrSi2VH_story.html The relationship is likely to deteriorate
further as Pakistani officials including Army chief Gen. Ashfaq Kiyani come
under pressure, endangering counterrorism programs. (Washington Post) [
U.S.-Pakistan? If it was only ‘U.S.-Pakistan’ as opposed to U.S. and the rest
of the world beyond war crimes nation and u.s. ward israel, and the defacto
bankrupt as america EU, one might say at least a little progress on the
‘non-foreign policy’ front. Yet, that’s but a dream thanks to
war mongering neo-cons, zionists, and so-called change-meister, failed
president as bush, ‘wobama the b’ for b***s***. Drudgereport: OBAMA: WHAT WAR
IN LIBYA? 'No exchange of fire with hostile forces'... Lawmakers Sue... Price tag projected to be $1.1 Billion this year... AHMADINEJAD JOINS CHINA, RUSSIA AT SUMMIT... IRAN PRESIDENT CALLS FOR ALLIANCE AGAINST WEST... Greece Crippled by Protests, Strike Over
Austerity... Likely Default... USA in Even 'Worse Shape Financially Than
Greece'... Protesters burn American flag during Obama visit to
Puerto Rico -- a U.S. territory... VIDEO: Heckled At Miami Fundraiser... Report: SEC lawyer exposed FBI informant (Washington
Post) [ Clearly, the sec liar (sic – lawyer) is one of those typically with a
‘pre or post’ arrangement, whether implicit or explicit; you know, that
ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole new york
(new york / new jersey metro) where, for example, FBI informants were routinely
exposed by ‘italians’ in the new york d.a.’s office over the objection of the
FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized
crime [ this was documented with authority in the book ‘Goombata: The
Improbable Rise and Fall of John Gotti and His Gang’ Cummings, Volkman Though having but 5% of the world’s population, the u.s.
has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkill...
bankrupt america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummar...
http://www.albertpeia.com/112208opocoan/PeiavCoane...
]: CRIME STATISTICS >(america is No. 1) Rank Countries Amount # 1 United States: 11,877,218 # 2 United Kingdom: 6,523,706 # 3 Germany: 6,507,394 UPDATE: MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ignore
cases that involve black defendants and white victims ' Cases against Wall
Street lag despite Holder’s vows to target financial fraud WP | Obama has
promised to hold Wall Street accountable for the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityver...
http://www.albertpeia.com
6/15/2011 11:35:48 PM PST
alpeia wrote
Deja Vu of dot-com bubble http://www.washingtonpost.com/business/economy/pandora-ipo-feeds-fear-of-dot-com-bubble/2011/06/15/AGaZrWWH_allComments.html?ctab=all_&#weighIn Pandora’s IPO success is making observers
worried about a return to the dot-com bubble of the 1990s. (Washington Post) [
Dot-com bubble of the 90’s sounds like wishful thinking, as bad as that was.
More like, Equity Valuations Are Forming the Second Biggest Bubble in U.S.
History Kaspar According to Yale University’s Dr. Robert Shiller, the market is
now 41% overvalued …only time the markets have been more overvalued .. 1929
& tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/s... Navin 1) The
5-year high in the level of insider corporate stock sales is telling. At 565
sells for every 1 buy, it’s never been higher.. Sell On The Rallies- Don't Buy
On the Dips at Forbes Robert Lenzner [ I quite agree with Mr. Lenzner who has
resisted through sound judgment the temptations and implicit pressures of the
herd mentality on wall street. After all, bulls are cattle and hardly known for
their brain power. ] ‘ Don’t listen to all the money managers selling their
wares on tv. Unfortunately, this is a watershed moment for investors again– and
I’m feared all the negatives in the world are seeming to overwhelm. We are in
midst of 7th straight week down.QE2 will end in 15 days– and it played a strong
support system for equities– up 25%, oil, up 25% and gold, up 25% ever since
September, 2010 when Fed Chairman Ben Bernanke signaled he wanted to increase
the wealth on paper of investors.If equities are on the way down– and the rout
today overwhelmed the gains yesterday– then you will experience the double
whammy of stocks and homes losing value at the same time– to what extent nobody
knows. Money center banks like Bank of America certainly face write-downs from
their huge portfolio of home mortgages.. Just because cash is yielding nothing
is no good reason to be 100% invested in common stocks.’ http://www.albertpeia.com/112208opocoan/ricosummar... http://www.albertpeia.com/112208opocoan/PeiavCoane... http://www.albertpeia.com/currentopics2ndqtr10108.... http://www.albertpeia.com
Today 6/16/2011 12:04:10 AM PST
alpeia wrote
White House defends Libya action http://www.washingtonpost.com/politics/obama-administration-libya-action-does-not-require-congressional-approval/2011/06/15/AGLttOWH_allComments.html?ctab=all_&#weighIn The administration’s stance puts it at odds
with GOP leaders and some anti-war Democrats. (Washington Post) [ Well, the
defacto bankrupt u.s. can afford it! After all, we’re talking, Drudgereport:
FLASHBACK: Obama: U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA FIGHTS
FOR HIS RIGHT TO BOMB LIBYA... Deadliest day this year... WARS RAGE ON... U.S.
Dead in Afghanistan Tops 1,500... , days, not weeks. http://www.albertpeia.com/realifeamericaserialkill... bankrupt
america also spends more on military than all the nations of the world
combined...fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc.,are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummar... http://www.albertpeia.com/112208opocoan/PeiavCoane... ]: http://albertpeia.com/obamadeceptionhighqualityver... http://www.albertpeia.com
6/15/2011 11:42:21 PM PST
Recommend
Recommended by 2 readers
What
Wall Street Won't Tell You [ Well, as we paraphrase what we
sing in (tune ‘Love Story’) ‘Fraud Story’: Where do we begin, to tell the story
of how great a fraud can be, that great fraud story with now fast computers is
wider than the sea, and all that hard-earned money that you’ve took from me, it
breaks my h_e_a_r_t ! Yes, their churn-and-earn frauds among others have never
been so lightning fast; and, don’t forget, the commissionable trading on wall
street is a NET NEGATIVE in real economic terms and that money for moving paper
around has to come from some real place … ultimately, you, main street, etc..
] BRETT ARENDS ‘Y ear after year, Wall Street types mock the supposed rubes
and suckers who make up Mom and Pop investors. And sure, regular investors can make plenty of mistakes
when it comes to investing.
But here's what the Wall Street pros don't tell you: They
aren't a whole lot better. I sometimes wonder if they know anything more than
the rest of us.
Yesterday two separate reports landed on my desk. Both
showed how the big money honchos have been handling your savings and
investments.
The findings? You probably don't want to know.
According to the latest monthly survey from Bank of
America Merrill Lynch, these professional money managers now think gold is
"more overvalued than at any time since December 2009." Those are
Merrill's exact words.
In December, 2009, gold hit a high of $1,170 an ounce.
Today? Oh, $1,515. That's an annualized return of 19%.
You couldn't make it up. So much for
"overvalued."
According to Merrill Lynch, these professional money
managers have been saying gold is overvalued for years completely missing the
massive bull market of the past decade.
Merrill's latest survey includes data for the past two
years, as gold has nearly doubled. During that time these professional investment
managers have called gold actually cheap just once, in January 2009. Every
other month they've said: "Oh, it's overvalued."
It was "overvalued" in May 2008 at around $880
an ounce. It was "overvalued" in June 2009 at around $930. It was
"overvalued" in early 2010, and it was still "overvalued" a
year ago at around $1,200 an ounce. And it's still "overvalued"
today.
Merrill says it no longer has data going back earlier,
but if my memory serves, the big money honchos were saying the same thing about
gold in earlier years, too. It stands to reason, too, as when gold was $300 or
$400 or $500 an ounce, none of them owned it. And I paid some attention to
Merrill's findings on the subject, because I happened to be the person who
first suggested they start asking about gold, way back in 2004.
To be fair, money managers haven't been completely
useless guides to gold. December 2009, when they said it was really, really
overvalued, they had half a point. Gold had just had a big run, and was due a
correction. It then fell 10%.
And maybe we're in the same situation now. Gold's had a
good run so far this year, and summer is traditionally a weak time in the gold
market, so maybe you'll get a better deal if you wait a bit, though there are
no guarantees.
If this were just about gold, it wouldn't matter so much.
But over the past decade, money managers have been making
an equally bad call about a much bigger asset class: bonds.
Merrill data show they have been calling bonds
"overvalued" consistently since at least 2002.
And they've been singing the praises of stocks instead.
Meanwhile, over nearly all of that time, it was generally
a far smarter move to have your money in bonds than stocks. The Vanguard
Total Bond Market Index Fund , for example, has made you nearly twice
the profits of the Total
Stock Market Index Fund with far fewer the ulcers.
This is what we're paying the big bucks for? These guys
have been loaded up to the gunwales with stocks, holding too few bonds, and no
gold, for a decade. Nice move.
I've noted before that, on occasions, their collective
gaffes have been mind-boggling. They dumped their last remaining Japanese
stocks right at the lows, in April 2003. Then they loaded up again in 2005,
after Japanese stocks had already boomed, before bailing yet again. In June
2007, they fell madly in love with European stocks, and loaded the boat.
Merrill called it "EU-phoria." European stocks then crashed.
Now let's turn to yesterday's second report, from pension
consultants Mercer. It looks at how big company retirement plans are managing
their investments.
And it turns out not owning gold is the least of their
problems.
Mercer looked at all the final salary plans run by
Standard & Poor's 1500 companies.
Bottom line? Many of these funds are still significantly
underfunded. Even after the gerrymandered stock market "boom" of the
past two years, they have only enough assets to cover 83% of their liabilities.
"Despite employer contributions of $77 billion and
aggregate asset returns of $156 billion (a 12% median rate of return), pension
deficits decreased by only $8 billion during the fiscal year," says Eric
Veletzos, the Mercer principal in charge of the study.
An $8 billion improvement compared to total pension
liabilities of $1.7 trillion. It hardly inspires confidence. And that's after a
big rally.
Meanwhile, says Mercer, the aging Baby Boomers are
nearing retirement and many plans "may be nearing the end of their
'growth' or 'accumulation' phase and transitioning to a 'spend-down'
phase." Oh, happy day.
So managers are doing what you'd expect in situations
like this. They are pinning their hopes on big stock market gains, and hoping
for the best.
Typical funds are counting on investment returns between
7% and 8% a year, reports Mercer. There's just one problem: Many of them are
also holding lots of low-risk, low-return bonds. In some cases they are holding
half, or even two-thirds, of their entire portfolios in bonds.
And yet they are still expecting overall investment
returns of 7% to 8%.
Hmm. Ten-year Treasury bonds yield a mere 3%. Even
long-term AA-rated corporate bonds yield only about 5.3%, according to Barclays
Capital. So if half your portfolio is in investments like these, how do you get
7% or 8% overall? Easy. You just tell people stocks will give you 8%, 9%, even
10% a year.
Good luck with that.’
SEC
settles fraud case against former official (Washington Post) [ $14 million? How ‘bout the trillions involved in the
last and continuing crisis inducing fraud. Well, we all know that nothing
succeeds quite like failure in america; you know, that new normal for
pervasively corrupt, defacto bankrupt america. Yes, we all know that QE has
been a dismal and costly failure unless the measure of success is the increased
wealth of the frauds on wall street; after all, as with this still extant
financial crisis (toxic assets/paper/securities cashed out and still out there
in the trillions though now marked to anything as per legislated mandate /
complicity / FASB rule change) , your dollars actually and ultimately financed
their ill-gotten gains which never seem to translate into the promised job,
economic gains and go on despite well-founded, prominent warnings that the same
will not succeed and have, as warned, exacerbated that which was meant to be
cured. The key here is expectations based on what. I, and others have been
saying such expectations have been based upon total b***s***, manipulations, if
not outright fraud. Certainly the toxic assets now marked to anything as per
legislated professional criminal courtesy in the form of FASB rule change will
figure prominently in the next phase of this ongoing economic / financial
crisis / debacle, the worst of which is yet to come, having been exacerbated
thereby. Moreover, it’s now clear that the fed’s machinations have failed,
benefited fraudulent wall street and insiders only, to everybody else’s expense
and detriment including a hyperinflationary environment some (including El
Erian of PIMCO) euphemistically refer to as stagflation. ’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar (sic – lawyer) is one of those
typically with a ‘pre or post’ arrangement, whether implicit or explicit; you
know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt,
fallen america. Indeed, the scenario
typifies that national drain / sinkhole new york (new york / new jersey metro)
where, for example, FBI informants were routinely exposed by ‘italians’ in the
new york d.a.’s office over the objection of the FBI, and were promptly
‘dispatched’/assassinated / hit by mafia / organized crime [ this was
documented with authority in the book ‘Goombata: The Improbable Rise and Fall
of John Gotti and His Gang’ Cummings, Volkman Though having but 5% of the world’s population, the u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all
the nations of the world combined... fed employees / contractors, cia, all 3
branches of u.s. gov’t, etc., are included in this evolved american trait of
inherent criminality UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has
promised to hold Wall Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
National / World
U.S. Invasion of Libya Set for October Aaron Dykes | Reports from military confirm plans to initiate a full-scale U.S.-led
ground invasion in Libya, deploying troops by October.
Washington Post Covers Bohemian Grove Kurt Nimmo | Establishment newspaper’s website posts article on the secretive annual
soiree of elitists. Following the Bilderberg meeting in St. Moritz and the
corporate media’s partial coverage in order to at least appear somewhat
relevant, the crown jewel of Operation Mockingbird, the Washington Post, has
posted an article on the decadent soiree in northern California.
Insider
Leaks Reveal Full Bilderberg Agenda On War and Alternative Media The move by al-Qaeda in Yemen and news of the CIA plan to
escalate the drone war into Africa follows by several days word that the elite
plan to expand the fabricated war on terror. Last week in St. Moritz,
Switzerland, inside sources at the Bilderberg meeting revealed that the
globalists are working to spread the war throughout the region.
US Warships Moved
To Syrian Coast Even as the
Obama administration prepares to launch a full ground war in Libya while
expanding its drone attacks inside Yemen and Pakistan, US warships are being
moved towards the Mediterrenean coast of Syria, precisely in line with
forecasts that the Bilderberg Group intended to launch a massive new war in the
Middle East, with Syria being its prime target.
U.S. Invasion
of Libya Set for October Infowars.com
has received alarming reports from within the ranks of military stationed at
Ft. Hood, Texas confirming plans to initiate a full-scale U.S.-led ground
invasion in Libya and deploy troops by October.
Fukushima:
It’s much worse than you think Scientific experts believe Japan’s nuclear disaster to be far worse than
governments are revealing to the public.
Russia,
China warn West against Arab interference Russia and China oppose outside interference in the unrest in the Arab
world, the two presidents said on Thursday in a declaration, as the West seeks
their support for increasing pressure on Syria.
TEPCO
starts up water treatment system, but massive radioactive waste feared Tokyo Electric Power Co. (TEPCO) began a trial run of a
radioactive water treatment system at the crippled Fukushima No. 1 Nuclear
Power Plant on June 15 in a desperate effort to break away from the vicious
cycle of injecting water into reactors to cool them and ending up with more
contaminated water.
Japan
plans to move pregnant women from far-flung radiation Japan plans to ask pregnant women and children to move
away from radiation “hotspots” that were found far away from the crippled
Fukushima nuclear plant, the government said on Thursday, reflecting new
anxieties about the spread of radioactivity.
Predatory
Policy: US, UK enter Yemen with deadly drone strikes, choppers The West is weighing in to Yemen’s ongoing unrest – with
deadly force. Officials in the troubled country say U.S. drone strikes have
killed over a hundred people, including civilians, in the past two weeks. Now,
the UK’s preparing attack helicopters and commando squads for possible action
in Yemen.
U.S.
helicopters fire on attackers in Iraq oil hub Reuters | U.S. military
helicopters fired on suspected militia fighters in southern Iraq on Wednesday,
killing one, in a rare American air strike responding to a rocket attack on an
airport.
Chossudovsky:
Bahrain killings approved in the White House While NATO continues bombarding Libya, they have quite a different
approach with other countries–take for instance Bahrain.
Nigel
Farage: Bankers+politicians = ‘unholy alliance’ vs people Renowned Eurosceptic and British Euro MP Nigel Farage
says saving the banks is why politicians are so determined to bail out Greece
and keep it in the Eurozone.
We
Suffered a Fukushima-Style Melt-Through In the Global Financial System in 2008
… But Nothing Has Been Done to Fix It As I noted in April, the Japanese
nuclear disaster and financial crisis were caused by the exact same thing:
removing all of the safeguards in order to save money. / Roche 'The worst part of it
...Obama, who vowed change, has done almost nothing to fix any of it and
in fact continues most of the policies that helped get us here in the first
place’ ‘INSIDE JOB’
Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in
the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in
hand that not one high level wall street exec has been prosecuted … despite
‘earning’ billiions from the fraud ) . UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal testimony, an ex-Justice official who quit over
the handling of a voter intimidation case against the New Black Panther Party
accused his former employer of instructing attorneys in the civil rights
division to ignore cases that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has
promised to hold Wall Street accountable for the meltdown.
‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Biden-led
deficit talks resume [ ‘Lobotomy Joe’? Well that engenders confidence …
Riiiiight! ] Looking
for Medicaid savings Faced with severe budget problems, Republican governors
are escalating their fight against federal rules requiring states to maintain
current levels of health-care coverage for the poor and disabled. (Washington
Post) [ S&P
downgrades Greece It now has the world’s lowest debt grade, and S&P
said a restructuring looks “increasingly likely.” (Washington Post) [ As dire
as the Greek predicament is, some very distinguished experts say: Drudgereport: USA in Even 'Worse Shape
Financially Than Greece'...
CHINA: USA 'ALREADY
DEFAULTING'... TEMPLETON chairman: Financial
Crisis 'Around Corner'... 'WE ARE ON THE VERGE OF A
GREAT, GREAT DEPRESSION...' Greek rating now worst in the
world... CCC... Likely Default... Ill. so broke considers ads on license plates... Eurozone 'heads for break
up'... The frauds on wall street et
als should be criminally prosecuted, jailed, fined, and disgorgement imposed … an especially great opportunity to sell / take profits
while you still can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding Remember: Sell in May and Go Away and If
You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [
He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs Davis ‘This is how we pay off our current debts and I
think bondholders are simply happy to get anything out of a country that admits
it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire
global GDP) in the form of unfunded liabilities. The funniest thing about this
(and you have to laugh) is to see Conservative pundits get on TV and talk about
how we need to cut $100Bn worth of discretionary spending to "fix"
this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for
the top 1% each year). There is no fixing this and even a Republican said you
can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS
– PLEASE BE CAREFUL OUT THERE! ‘ America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding / Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png Navin ‘…1) The 5-year high in the level of insider corporate stock
sales is telling. At 565 sells for every 1 buy, it’s never been
higher. Yes, it’s normal for insiders to be selling some of their stocks so
they can buy new yachts and some of this is pre-planned. But that ratio — which
has spiked recently — is extraordinarily high, one might even say
off-the-chart.
Facebook
Censoring Some Alternative News Sites While Allowing Hackers To Attack Others Facebook now
appears to be censoring some alternative news sites while allowing hackers to
go after others. It is no wonder they lost 6 Million users in the US last
month. Google
denies special deal for Barack Obama Google denied Wednesday that it
gave President Barack Obama’s re-election campaign special access to a new
advertising program, something a sales representative from the search and
advertising giant had claimed in an email to customers.
Drudgereport: TEMPLETON
chairman: Financial Crisis 'Around Corner'... 'WE
ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...' CHINA:
USA 'ALREADY DEFAULTING'... Greek
rating now worst in the world... CCC... Likely
Default... USA
in Even 'Worse Shape Financially Than Greece'... Protesters
burn American flag during Obama visit to Puerto Rico -- a
U.S. territory ... VIDEO:
Heckled At Miami Fundraiser... Carney
defends WH meeting with Wall Street donors... POLL:
Obama Loses to Generic Republican... GREECE
FACES DEMAND FOR DEEPER CUTS...
CHINA
RUSSIA CLOSER
Union
boss: 'Adolf Christie' trying 'to make NJ Nazi Germany'... [ Come on! Let’s get real here! First,
corrupt mob-infested jersey is already that and worse. Second, defacto mob
control, such as it is in jersey, is already facist which ultimately is what
totalitarian regimes are all about, be they right or even left. ]STUDY:
Land of the Free? NY, NJ, CA come out at bottom of individual freedoms...
THE
FALL OF GREECE... Deal
fails to ease contagion fears; Spanish borrowing costs hit 11-year highs...
Russia,
China warn West against Arab interference...
NSA,
Internet Providers Teaming Up To Monitor 'Web Traffic'... Ill.
so broke considers ads on license plates...
Eurozone
'heads for break up'... BOEHNER
GIVES OBAMA ULTIMATUM ON LIBYA 'In
five days, the administration will be in violation of the War Powers
Resolution' on Libya... THE
OTHER WAR: Secret US, Afghan talks could see troops stay for decades ... US Housing
Crisis Now Worse Than Great Depression... Since
stimulus passed, 1.9 M fewer
Americans working... REPORT:
Gold headed for $5K an ounce... OPEC
sees risk of price rise, shortage...
Obama on Weiner: 'I would resign'... Earlier:
Sex Twittering Dem a 'Distraction'... Will
keep $174,000 salary while in rehab...
POLL:
Just 26% Favor Continued Military Action in Libya... UK
Navy chief: Britain cannot keep up its Libya role... Vancouver
Rocked By Stanley Cup Riot... Congratulations
to the Boston Bruins! ] 150
hospitalized... Hockey
dream turns nightmare... SHOCK
VIDEO: Crowd stomps man who tried to stop looting...
DALLAS
MAVS SHUT DOWN THE HEAT... Congratulations
to the Dallas Mavericks! ]REPORT:
Stocks Face Rocky Week... DOW
FALLS BELOW 12,000... Six-week
losing streak longest since Oct 2002... Nasdaq
Turns Negative for Year... Fed
to Announce 'Final Bond Purchases' Today... Another
Housing Drop Predicted... STUDY:
Most Americans 'won't be able to retire until their 80s'... Cash-strapped
states considering online lottery sales...
GALLUP:
OBAMA BACK UNDERWATER 45/46... PA
2008: OBAMA 55%; 2011: 41% APPROVAL... FLA:
Trouble in Paradise...
MURDER
CONVICTION TOSSED OVER 'RACIST' COMMENTS...
Swiss
Politicians To March On Bilderberg, Demand Arrest Of Kissinger... Italian
Politician 'bloodied' sneaking into hotel...
ECONOMIC
'HORROR' AS DATA PLUNGES Dow
Has Longest Weekly Slump Since '04... Housing
prices fall 'beats Great Depression slide'... CHICAGOLAND:
Flash Mobs Attack 2 Men... WAR
NO. 4: USA INTENSIFIES SECRET YEMEN AIRSTRIKES Chicago
rapper calls Obama 'biggest terrorist' in US... Poll:
Obama approval rating drops as fears of depression rise... OBAMACARE
GOES TO COURT... Judges
suggest they may be ready to declare law unconstitutional... ...Express
unease with gov't forcing Americans to buy health care Random
mobs run wild in Chicago... TARGET
CITY BUSES... Victims
seriously injured... NYT: SAUDIS SPENDING $7K PER CITIZEN TO AVOID OVERTHROW
OF KINGDOM... DEVELOPING... OBAMA
OFFERS BAILOUT $$ FOR GREECE... POLL:
Only 24% Say They Share President's Political Views... Nearly
half of Americans fear another Great Depression... OPEC
BREAKDOWN, NEW OIL SPIKE... FED:
Economy falters in several US regions... Lack
of buyers may force Treasury to boost interest rates... China
overtakes USA as top energy consumer... Warns
debt-default idea is 'playing with fire'... Fitch
to review US debt rating... TAX
FURY IN ATHENS AS GOV'T FACES DEBT 'Bankrupt'
claim heightens Spanish debt fears... 9.1% MAY JOBS: +54,000... MCDONALD'S
hired half... Fears
stoked of a 'double-dip'... CBO:
True Cost of Fannie, Freddie Bailouts $317 Billion, Not $130 Billion Obama
Claims... Taxpayers
Still Bailing Out Banks... WH:
'Bumps on the road to recovery'... O
gets booed... LET'S
GOLF ABOUT IT China
Divests 97% of Holdings in US Treasury Bills... DOOM:
More Americans Think Economy Will Never Recover... GOP
sees Obama as increasingly beatable... Recovery
Languishing as Americans Await Signal of Better Times... Congress
Delivers Obama 'Stunning Rebuke on Libya'... Weiner
withdraws from speaking engagement... Dow tumbles 280 points... Private Sector Jobs Grew By Only 38,000 in May... Planned Layoffs Up... Manufacturing Slows... MOODY'S:
US Rating Could Be Placed Under Review... Greece
goes further into junk territory; MOODY'S downgrades... AP:
Consumer confidence falls 'unexpectedly' in May... BARONE:
Pro-Obama media always shocked
by bad economic news... Home-price
index at lowest point since 2006 bust... 'Double-Dip'
Even Worse Than Expected... GOLDMAN
SACHS: $5 gas this summer... Number
of federal-owned limousines has soared under Obama... Obama
bailout of GOV'T MOTORS to cost taxpayers at least $14 billion... Obama
solicitor general: Don't like healthcare mandate, earn less money! REPORT:
Senate's 100 members spend $40M for 700 offices nationwide... 7
'NATO troops' killed Thursday were American... British
Health Care Program in Grave Peril... Netanyahu:
Israel cannot prevent UN recognition of Palestinian state... First
ID'ed as 'Int'l Security Assistance Force service members'... Deadliest
day this year... WARS
RAGE ON... U.S.
Dead in Afghanistan Tops 1,500... OBAMA
HITS GOLF COURSE FOR ROUND NO. 70... ON
THE GROUND IN LIBYA Anti-Christian
Violence Continues in Pakistan... UPDATE:
MIAMI 'WAR ZONE' DURING URBAN WEEKEND... 'I
was scared for my life'... Poet
'Da Real One' Gunned Down In Front Of Miami Poetry Cafe... Violent
crime explodes in Myrtle during Black Bike Week; 8-hour hell... Rib
Fest At Rochester beach turns rowdy... Riot
On Long Island... Urban
Melee In Charlotte... Chaos
causes DNC concern for convention... Unruly
urban crowd shuts down Nashville water park... Emanuel
shuts down packed Chicago beach; 'heat-related illnesses'... REPORT:
'Dozens of gang bangers'... TEEN
GANGS UNLEASHED ON BOSTON BEACH WHO: Radiation From Cell Phones Can Cause Cancer... In same category as lead, engine exhaust,
chloroform... VIDEO:
Woman Screams For Help After TSA Molestation...
WEINER
ROASTED... [ Ah, yes. Weeny
roast indeed. The end of a saga as Tony Weiner resigns. Truth be told, I’m a
bit surprised. After all, as stated in a soundbite of a new york voter, ‘they
(the rest of congress) are worse than him!’ Difficult to dispute. The truth,
that is. Kind of like that scene in
‘Road to Perdition’ of mob boss Newman’s retort to hitman Hanks, ‘there are
only murderers in this room’. Point well-taken. After all, they backed bush’s
war crimes, covered up wall street’s crisis-causing frauds in the trillions
even to this day, are venal and corrupt even as they scoffed at
straight-shooters as Ross Perot who highlighted what is now recognized as gross
incompetence, extended their tainted touch to the quid pro quo federal courts,
etc.. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ] Press
conference turns into circus... NO HUMA... MSNBC
Host: 'Reminded me of Saddam Hussein hanging'... REPORT:
Could Run For Seat Again in Upcoming Special Election... Congressman
Joins Jobless Ranks... ...Approached
for 'Entourage' Cameo
SEXTING WEINER OFF TO REHAB
NEW
PHOTOS: Weiner Used Congressional Gym As 'Sexy' Backdrop... Entering
'psychological treatment center'... PELOSI:
OUT... DNC
BOSS: RESIGN... Boehner
gets laughs with quip... PELOSI:
You gotta' go... DNC
BOSS: RESIGN... Chorus
to quit grows... WEINER
WON'T GO Cops
probe texts to teen girl... MSG:
'Large. Tights and cape'... Weiner
admits, says they were harmless... Rangel
defends: 'He wasn't going out with little boys'... THE NEW TACK: Dem rep sick, needs treatment to 'make himself
well'... New
X-rated Weiner photo hits web... Weiner:
That's my weiner, too... Another
Weiner Sexter Emerges... POLITICO
on Weiner: 'Dam is breaking'... DEMS
BAILING... Old
Flame Calls on Him to Quit... he transcript of a nine-month
"sexting" relationship Weiner had with a Las
Vegas blackjack dealer . Radar Online posted the transcript, and it is rife with
misogyny and distorted views about women. In referring to oral sex, Wiener
tells her, “You will gag on me before you c** with me in you” and “[I’m]
thinking about gagging your hot mouth with my c***.” This is not about sex.
It’s about dominating and inflicting physical pain on a woman, a fantasy the
hard-core porn industry makes billions of dollars on selling to men. You don’t
want to gag a woman with your penis unless you have some serious issues with
the way you see women. As for his
other views of women, he tells her, “I hear liberal girls are very, uh,
accommodating of other[s],” playing on a bogus stereotype that politically
liberal women are promiscuous. When he asks the woman, who is Jewish, “You give
good h**d?” and she says yes, he exclaims: “Wow a Jewish girl who sucks c***!
this thing is ready to do damage.” ‘ [ What a total
mental case! ] REPORT:
Weiner coached woman to lie... TMZ:
Offered PR help... Dems
Begin Peeling Off... Breitbart
says he has X-rated photo... WHACKED,
NOT HACKED! 'Used govt. resources'... Breitbart:
'I Want To Hear Truth'... 6
'inappropriate' relationships... ABCNEWS:
Mystery Woman Revealed... HER
STORY... Risqué
Online Chats, Photo Swaps... SLIDESHOW... VIDEO:
'Web of lies'... TWITTER TEARS: WEINER ADMITS REPORT:
Woman claims to have 200 explicit messages from NY Dem... IT
MIGHT BE MY WEINER! REPORT:
WEINER'S TALE UNRAVELING... By Daniel Libit Sunday, June
5, 2011 ‘As the world has attempted to make sense of Rep. Anthony Weiner’s
claim that his Twitter account was hacked, a key clue has been missing: exactly
how the notorious groin pic was posted online. But according to data provided
exclusively to The Daily from TweetCongress.org, a nonprofit website that
captures each member of Congress’s Twitter feeds in real time, the shot seen
round the world was transmitted using TweetDeck — a popular Adobe desktop
application that links up with social networking sites. A review of Weiner’s
Twitter stream from May 27, the day of the crotch pic, shows that Weiner had
been posting only from TweetDeck — one of many ways to post messages to Twitter
— that entire night. Chet Wisniewski, a senior security adviser at security
software company SophosLabs, said the TweetDeck stamp “does make it more
plausible that it did come from him.” Weiner used TweetDeck frequently, but he
often also posted from the Web directly or from his BlackBerry. A widely
circulated explanation for how Weiner’s Twitter account could have been
hacked by email would also seem to be incompatible with the fact that the
message in question originated on TweetDeck. If email had been used, the
message probably would have originated via the photosharing site Yfrog, where
the infamous picture was posted …’ [ Weiner admits he sent lewd picture; won't quit (AP) - After
days of denials, a choked-up Rep. Anthony Weiner confessed Monday that he
tweeted a photo of his bulging underpants to a young woman, and he also
admitted to "inappropriate" excha...’ Tearful US congressman admits to crotch photos (AFP) ]'This
Could Be The End For Him'... ’Pot Calls Kettle Black’: Donald Trump Unloads on Anthony Weiner: "He's a Psycho" - Donald
Trump has a new target, and boy does he look pleased. "The fact is,
Anthony Weiner is a bad guy," the Celebrity Apprentice honcho, who
recently decided against running for... 'Have
You Ever Taken A Picture Like This Of Yourself?'... WEINER
CALLS COPS ON CBS WASHINGTON
(CBSNewYork) — ‘Congressman Anthony Weiner said Thursday he’s
finished talking about the lewd photo sent from his Twitter account.But he
still wouldn’t say whether
he’s the one in the picture .So CBS 2 political reporter Marcia
Kramer decided to go to his office on Capitol Hill to try to get you some
answers.You’ll never believe what happened.Kramer tried to get an interview
with the six-term New York Democrat and as a result had the cops called on
her.Kramer walked in to Weiner’s office, announced herself as being from CBS 2
in New York City and said she’d like to see the congressman. Those few words created
quite the stir. Doors slammed and people pretended she wasn’t there ...’ Weiner’s
efforts don’t cool furor The congressman
said that he didn’t send a lewd photo on Twitter but also that he couldn’t “say
with certitude” whether the image was of his own crotch. (Washington Post) [ ‘Weiner’s weiner’! ‘Not cool furor’ … how
‘bout just plain ‘not cool’. Eh … what can you expect from national drain /
sinkhole new york (new york / new jersey metro). I haven’t read but probably
agree with the following article: Listen
up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr.
Milbank weighs in: ‘ The
Weiner roast Congressman
finds himself in a fight he does not relish.’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec
liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ John
Cummings (Author), Ernest
Volkman (Author) Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t
think so! I do believe that both nations are regressively but nostalgically
trying bring the world back to failed geopolitical paradigms that made the 20th
century the bloodiest century, not coincidentally the american century
(obviously for israel the latter half century). Yet, such a conditioned
psychopathic approach to global matters has led them self-destructively,
self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs,
extinction, at least in a manner of speaking. Global information exchange at
lightning speed has made such throwbacks to a lost era, propaganda, and
maladaptive traits foolish at best, deadly at worst. Intelligent people
worldwide aren’t buying the obsolete, Orwellian approach fostered by the
purveyors of global unrest; viz., israel, america, Orwellian england, etc..;
more specifically, diversion of the masses from the glaring failures of
leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Weakening
Consumer And Manufacturing In U.S. Dishearten Markets at Forbes
[video]
Trader: Dow Could Drop to 10,500 at TheStreet.com
See
It, Market: Hooky the Bear at Minyanville
Robert
Shiller: Stocks and Real Estate Remain Grossly Overvalued
Why
the Denial of Peak Oil Is Becoming More Dangerous Every Day
Is
Ben Bernanke Sabotaging the Chinese Economy?
[ Sabotage? China? I’d say ‘no-recession-helicopter-ben-b.s.bernanke’ is
an ‘equal opportunity incompetent’ and wall street fraud protector, as the
entire world realizes day-by-day! ]
Minyanville's
T3 Daily Recap: Greek Anxiety Triggers 180 Point Drop in Dow
[video]
Foreclosure City, USA
Big Money Investors Feeling Fearful: Follow the Puts Barrons
Steve Sears ‘ VIX is up above 21. The Standard
& Poor’s 500 Index is down 19 big
ones. How afraid are investors? Follow the puts. The trading patterns reveal
widespread fear among investors with big money. Toward the close, one investor
bought 22,000 September 1,225 puts on the Standard & Poor’s 500 Index, and
sold 22,000 September 1,125 puts. The position hedges about $2.7 billion worth
of stocks in case the Standard & Poor’s 500 Index drops from its current
level of 1,267 to 1,125. This trade indicates a major investor is worried about
further declines, and has protected his portfolio into September in case the
stock market free-falls. That investor is not alone. A review of S&P 500
put trading shows significant trading volume at almost every available strike.
The action reflects this Thursday’s expiration of index options, which is
clearly responsible for some of the action. But the tone of trading marks the
first time in months that fear has truly animated the options market. If
conditions continue to deteriorate in Greece – and this is doubly true if
Greece defaults on its debt – today’s put buying will seem like an aperitif
ahead of put-buying smorgasbord. VIX at 21 will seem like a bargain compared to
fear of economic contagion.’ [ Then, of course, there are those really close to
the ‘action’: Stock
Market: 4 Current Warning Signs Navin ‘…1) The
5-year high in the level of insider corporate stock sales is telling. At 565
sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some
of their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart…’ ]
Sell
On The Rallies- Don't Buy On the Dips at Forbes Robert Lenzner [ I quite agree with Mr.
Lenzner who has resisted through sound judgment the temptations and implicit
pressures of the herd mentality on wall street. After all, bulls are cattle and
hardly known for their brain power. ] ‘ Don’t listen to
all the money managers selling their wares on tv. Unfortunately, this is
a watershed moment for investors again– and I’m feared all the negatives in the
world are seeming to overwhelm. We are in midst of 7th straight week down.QE2
will end in 15 days– and it played a strong support system for equities–
up 25%, oil, up 25% and gold, up 25% ever since September, 2010 when Fed
Chairman Ben Bernanke signaled he wanted to increase the wealth on paper of
investors.If equities are on the way down– and the rout today overwhelmed the
gains yesterday– then you will experience the double whammy of stocks and
homes losing value at the same time– to what extent nobody knows. Money
center banks like Bank of America certainly face write-downs from their huge
portfolio of home mortgages. Wells Fargo, a Berkshire holding, is one of the
widest held stocks by the mutual fund industry.Yes, The Greek economy is in
deep trouble, but the larger problem is the holdings of European banks in the
loans of Greece, Ireland, Portugal, Spain and Italy. Already, Moodys is talking
about downgrading 3 major French banks. It’s the turn of the British and German
banks to face huge write-offs on their loans to troubled nations– and
secondarily the need to raidse more capital themselves.I was informed this
morning that some large money market funds in the US may hold large amounts of
European bank paper, which could be difficult to liquidate in the current
market environment. We’ll try to check out which ones, but you may
recall that PIMCO lost most of the $3.4 billion in Lehman Brothers fixed income
securities it owned.Then, there’s the uncomfortable coincidence of the sell off
in the emerging nations, especially China where inflation is running at 6%, and
the understandable softness in major commodities like oil– $94 in the US
today, while the dollar rallied and gold looks to have lost its
momentum.Indeed, this is a watershed moment. Just because cash is yielding
nothing is no good reason to be 100% invested in common stocks.’
Minyanville's
T3 Daily Recap: Greek Anxiety Triggers 180 Point Drop in Dow at Minyanville
Reprieve
Over at The Wall Street Journal Market Beat Mark Gongloff ‘ Just when it seemed
the stock market was clawing its way toward a winning week, its first in seven,
the Greek
crisis flared anew, and
suddenly the market is on track for a seventh straight losing week.The Dow fell
1.5%, or 179 points, to its lowest close since mid-March. The S&P 500 fell
even harder, losing 1.7%.Even Pandora Media, wandering into the
market on its first day of trading, had a non-LinkedIn-like 9% gain.There are
still two whole days left to the week, of course — still plenty of time for the
market to come out of it a winner. A solid resolution, though likely only
temporary, to the Greek crisis could be a catalyst.But for now the guts of the
market don’t promise much of a rally any time soon. How’d the leading-type
indexes do? Not well. The Nasdaq and the Russell 2000 each fell about 1.8% and
are back into the red for the year.The S&P 500′s worst performers
were energy stocks, down 2.5%, as crude oil tumbled more
than 4% to below $95 a barrel. Materials stocks fell 2.3%, and financials
fell 2.2%. That drop in financials is troubling , as it
suggests there could be more to come.Similarly, the euro’s sharp decline, down
nearly 2% to below $1.42, is another indicator of wider risk aversion than we’ve seen so far in the US stock market’s six-week losing streak.It
suggests investors are starting to think about the systemic, Lehman-like risks of a
Greek default. Against the backdrop of weaker economic data in the US, this is not a recipe for a roaring rally any time soon. We
won’t even mention how the return of violent anti-austerity protests in the
streets of Athens raises eerie parallels to the flash crash last May.’
Greek debt fears sink Wall Street, more losses eyed (Reuters) Stocks tumbled on Wednesday, driven lower by
escalating Greek debt woes, while troubling U.S. data pointed to further losses
ahead.
Greeks
Strike, Clash With Police Over Austerity Reuters |
Stone-throwing Greeks clashed with police and tens of thousands of protesters
marched on parliament on Wednesday.
Gold
May Advance on Inflation Concern, Sovereign-Debt Crisis in Europe Bloomberg | Gold may
gain for the first time in three days.
‘Bumbling’
Economy Result of ‘Meddling’ From Leaders: Ross CNBC | The US
economy is just “bumbling along” and creating an uncertainty.
Warnings
Of A Great Depression or Hyperinflation Unemployment at 22.4% is causing a run on assets of retirement funds. That
is probably why legislation is being introduced to limit how much money can be
removed from these investment vehicles.
US
Housing Crisis Is Now Worse Than Great Depression It’s official: The housing crisis that began in 2006 and
has recently entered a double dip is now worse than the Great Depression.
National /World
NATO sliding towards Libyan ground war: Russian envoy (Reuters)
The Cloud: Trojan Horse For Internet Takeover [ I must agree
and find it difficult to imagine any rational person giving over to the cloud
their own computer ops. ] Paul Joseph Watson | Welcome to a corporate, cable TV-style world wide web.
Stephen Baldwin May “Go Head to Head with Big Brother”
Alec in NYC Mayor Race [ I’m for Alec Baldwin for Mayor …
sorry Steve. ] Kurt Nimmo | Alex Jones interviewed the younger Baldwin at this
year’s Talker New Media Conference in New York City.
TSA “Security Exercise” Covers 3 States, 5000 Miles Paul Joseph Watson | If you’re still living under the delusion that the TSA is just
restricted to airports then think again. 1.9 Million Fewer Americans Have Jobs Today Than When
Obama Signed Stimulus Matt Cover | Twenty-eight
months after Congress passed President Obama’s signature economic stimulus law,
and nearly one year after he declared the summer of 2010 to be “Recovery
Summer,” 1.9 million fewer people are employed. Another Greek MP To Vote Against Bailout So “He Can Safely
Walk The Streets” Tyler Durden | Earlier
today, we reported about Kozani Alekos Athanasiadis, a member of parliament for
the Greek ruling PASOK party, who in a radio interview said that he would vote
against the medium-term program.
Lawmakers
sue President Obama over Libya Politico | Bipartisan
group of House members announced it is filing lawsuit charging that Obama made
an illegal end-run around Congress when he approved military action against
Libya.
‘Libya
war driven by O.I.L.: Oil, Israel & Logistics’ – McKinney to RT As NATO attacks continue in Libya, ex US Congresswoman
and former presidential candidate Cynthia McKinney went to the country on a non-governmental
fact-finding mission to see what exactly is going on in the war-torn country.
Provocateurs
In Greece Causing Brutal Police Crackdown on Leigitmate Protesters Greece is at boiling point – with police firing tear gas
at crowds of angry protesters. Thousands of demonstrators are trying to block
access to the Parliament building, where the government is discussing more
cutbacks to secure further rescue loans. Celente
Slams “Cartoon News Network” GOP Debate Trends forecaster and social commentator Gerald Celente has slammed this
week’s GOP presidential debate hosted by CNN as a “disgraceful” indication of
the decline of America. Lawmakers
sue President Obama over Libya A bipartisan group of House members announced on Wednesday that it is
filing a lawsuit charging that President Obama made an illegal end-run around
Congress when he approved U.S military action against Libya.
Angry Protests
Erupt Throughout China AN eruption of
protests throughout China has sent armoured vehicles into town centres,
prompted an internet blackout by the government and left thousands across the
country blogging about “crazy” violence on the streets. TSA
“Security Exercise” Covers 3 States, 5000 Miles If you’re still living under the delusion that the TSA is
just restricted to airports then think again. A joint VIPR “security exercise”
involving military personnel has Transportation Security Administration workers
covering 5,000 miles and three states, illustrating once again how the TSA is
turning into a literal occupying army for domestic repression in America.
Facing
a tall order in Afghanistan
A low-key Marine, Gen. John R. Allen, is set to take over the war at a
high-stakes moment (Washington Post) [ Tall order? That’s an understatement!
Even if pervasively corrupt america wasn’t defacto bankrupt the ‘task’ would
still be on the order of ‘mission impossible’.
90%
of Petraeus’ Captured ‘Taliban’ Were Civilians Gareth Porter | More than 80
percent of those called captured Taliban fighters were released within days of
having been picked up, because they were found to have been innocent
civilians. Lawmakers
push for a new Afghan strategy
Congressional leaders are urging President Obama to take full advantage
of progress achieved by narrowing the focus of the Afghan mission. (Washington Post) [ It seems they’ve taken
Robert Browning to heart; viz., that ‘a man's reach should exceed his
grasp’ (from a poem by Robert Browning ). Indeed, they
search for that ever elusive thing called ‘strategy’ vis-ŕ-vis the so-called
‘Afghan mission’ for the umpteenth time. For them, this is but a ‘mission
impossible’ as a strategy implies method to this reality of their madness. The
heroin trade which they’ve ramped up (the Taliban had all but eradicated same)
and commandeered as their own has been reason enough; yet, fog of war creates
many opportunities for the american criminals despite the defacto bankruptcy of
the nation. So, for the war criminal americans, reality certainly falls within
the ambit of beyond their grasp. Though having but 5% of the world’s
population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america
also spends more on military than all the nations of the world combined... fed
employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included
in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t
think so! I do believe that both nations are regressively but nostalgically
trying bring the world back to failed geopolitical paradigms that made the 20th
century the bloodiest century, not coincidentally the american century
(obviously for israel the latter half century). Yet, such a conditioned
psychopathic approach to global matters has led them self-destructively,
self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs,
extinction, at least in a manner of speaking. Global information exchange at
lightning speed has made such throwbacks to a lost era, propaganda, and
maladaptive traits foolish at best, deadly at worst. Intelligent people
worldwide aren’t buying the obsolete, Orwellian approach fostered by the
purveyors of global unrest; viz., israel, america, Orwellian england, etc..;
more specifically, diversion of the masses from the glaring failures of
leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has
promised to hold Wall Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Obama
courts Latino vote with Puerto Rico visit Awkward
Romney In casual moments,
his weirdness comes through. (Washington Post) [ Didn’t see the debate nor read
Mr. Milbank’s article. I’m certainly not going defend Romney after his recent
gratuitous and misguided shill for israel; yet, it must be emphasized that
wobama apologist / defender Mr. Milbank ignores the reality of ‘wobama the b’
(for b***s***) as a complete and abject failure as president or anything else,
for that matter. Wobama is a total piece of s*** and I’m nonplused how he even
came to be a u.s. senator, much less a candidate for president (actually David
Icke clarifies infra); not that scrutiny of the senate reveals a distinguished,
capable bunch at all. Then of course there’s the long history of corrupt
Chicago / Illinois politics, mob / organized crime, etc.. Wobama’s such a total
fraud! Even Puerto RICO’s on to him …
Drudgereport: Protesters burn American flag during Obama visit to Puerto
Rico -- a
U.S. territory ... I find even his retirement costs
objectionable. Obama: My
family is ‘fine’ with one term Politico | President Barack Obama says his family is “not
invested” in a second term. The pandering by the wobamas is nauseating. And,
michele’s fundraisers? What’s up with that? Wobama’s such a glomming golem / slug. Obama
says if he were Weiner, he’d resign President Obama on Monday waded
into the debate over whether embattled Rep. Anthony Weiner should step down,
saying, “If it was me, I would resign..Barack
Obama: The Naked Emperor Shocking but true revelations from David Icke| ..Obama is just more of the same, a big smile with
strings attached, and controlled completely by those that chose him, trained
him, sold him and provided his record funding, kept his many skeletons under
wraps, like the gay sex and crack cocaine .. Larry Sinclair (from affidavit: 1.
Who is Ron Allen that claims to be with your Presidential camp, who is alleged
to claim that someone claiming to represent me called asking for $100,000, to
keep me from coming forward about our (Obama and I) November 1999 encounter of
sex and cocaine use?), ... Obama is just another Banksters' moll prostituting
himself .., and that's why he supported the grotesque bail-out of the banking
system and why he will always put their interests before the people. http://albertpeia.com/obamadeceptionhighqualityversion.flv Romney
says he can heal economy He kicks off presidential bid by trumpeting
his record as a turnaround specialist in business. (Washington Post) [ Well,
he’s certainly not going to do that by toeing the israeli lobby line as did
failed president wobama the b (for b***s***), despite his recent rhetoric
(meaningless coming from wobama the b) seemingly, but not really in terms of
action (he’s literally continued the perma-war policies of war criminal and
moron dumbya bush; ie., Afghanistan, Libya, etc., Drudgereport: FLASHBACK: Obama: U.S.
Involvement Would Last 'Days, Not Weeks'... OBAMA FIGHTS FOR HIS RIGHT TO
BOMB LIBYA... Deadliest day this year... WARS RAGE ON...
U.S. Dead in Afghanistan Tops
1,500...
Marcus:
Weiner takes refuge in Rehab Nation (Washington Post) [ Drudgereport: THE NEW TACK: Dem rep sick, needs treatment to 'make himself
well'... New
X-rated Weiner photo hits web... Weiner:
That's my weiner, too... Another
Weiner Sexter Emerges... POLITICO
on Weiner: 'Dam is breaking'... DEMS
BAILING... Old
Flame Calls on Him to Quit... he transcript of a nine-month
"sexting" relationship Weiner had with a Las
Vegas blackjack dealer . Radar Online posted the transcript, and it is rife with
misogyny and distorted views about women. In referring to oral sex, Wiener
tells her, “You will gag on me before you c** with me in you” and “[I’m]
thinking about gagging your hot mouth with my c***.” This is not about sex.
It’s about dominating and inflicting physical pain on a woman, a fantasy the
hard-core porn industry makes billions of dollars on selling to men. You don’t
want to gag a woman with your penis unless you have some serious issues with
the way you see women. As for his
other views of women, he tells her, “I hear liberal girls are very, uh,
accommodating of other[s],” playing on a bogus stereotype that politically
liberal women are promiscuous. When he asks the woman, who is Jewish, “You give
good h**d?” and she says yes, he exclaims: “Wow a Jewish girl who sucks c***!
this thing is ready to do damage.” ‘ [ What a total
mental case! ] REPORT:
Weiner coached woman to lie... TMZ:
Offered PR help... Dems
Begin Peeling Off... Breitbart
says he has X-rated photo... WHACKED,
NOT HACKED! 'Used govt. resources'... Breitbart:
'I Want To Hear Truth'... 6
'inappropriate' relationships... ABCNEWS:
Mystery Woman Revealed... HER
STORY... Risqué
Online Chats, Photo Swaps... SLIDESHOW... VIDEO:
'Web of lies'... TWITTER TEARS: WEINER ADMITS REPORT:
Woman claims to have 200 explicit messages from NY Dem... IT
MIGHT BE MY WEINER! REPORT:
WEINER'S TALE UNRAVELING... By Daniel Libit Sunday, June 5, 2011 ‘As the world has attempted to make
sense of Rep. Anthony Weiner’s claim that his Twitter account was hacked, a key
clue has been missing: exactly how the notorious groin pic was posted online.
But according to data provided exclusively to The Daily from TweetCongress.org,
a nonprofit website that captures each member of Congress’s Twitter feeds in
real time, the shot seen round the world was transmitted using TweetDeck — a
popular Adobe desktop application that links up with social networking sites. A
review of Weiner’s Twitter stream from May 27, the day of the crotch pic, shows
that Weiner had been posting only from TweetDeck — one of many ways to post
messages to Twitter — that entire night. Chet Wisniewski, a senior security
adviser at security software company SophosLabs, said the TweetDeck stamp “does
make it more plausible that it did come from him.” Weiner used TweetDeck
frequently, but he often also posted from the Web directly or from his
BlackBerry. A widely
circulated explanation for how Weiner’s Twitter account could have been
hacked by email would also seem to be incompatible with the fact that the
message in question originated on TweetDeck. If email had been used, the
message probably would have originated via the photosharing site Yfrog, where
the infamous picture was posted …’ [ Weiner
admits he sent lewd picture; won't quit (AP) - After
days of denials, a choked-up Rep. Anthony Weiner confessed Monday that he
tweeted a photo of his bulging underpants to a young woman, and he also
admitted to "inappropriate" excha...’ Tearful US
congressman admits to crotch photos (AFP) ]'This
Could Be The End For Him'... ’Pot Calls Kettle Black’: Donald
Trump Unloads on Anthony Weiner: "He's a Psycho" - Donald
Trump has a new target, and boy does he look pleased. "The fact is,
Anthony Weiner is a bad guy," the Celebrity Apprentice honcho, who
recently decided against running for... 'Have
You Ever Taken A Picture Like This Of Yourself?'... WEINER
CALLS COPS ON CBS WASHINGTON
(CBSNewYork) — ‘Congressman Anthony Weiner said Thursday he’s
finished talking about the lewd photo sent from his Twitter account.But he
still wouldn’t say whether
he’s the one in the picture .So CBS 2 political reporter Marcia
Kramer decided to go to his office on Capitol Hill to try to get you some
answers.You’ll never believe what happened.Kramer tried to get an interview
with the six-term New York Democrat and as a result had the cops called on
her.Kramer walked in to Weiner’s office, announced herself as being from CBS 2
in New York City and said she’d like to see the congressman. Those few words
created quite the stir. Doors slammed and people pretended she wasn’t there
...’ Weiner’s
efforts don’t cool furor The congressman
said that he didn’t send a lewd photo on Twitter but also that he couldn’t “say
with certitude” whether the image was of his own crotch. (Washington Post) [ ‘Weiner’s weiner’! ‘Not cool furor’ … how
‘bout just plain ‘not cool’. Eh … what can you expect from national drain /
sinkhole new york (new york / new jersey metro). I haven’t read but probably
agree with the following article: Listen
up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr.
Milbank weighs in: ‘ The
Weiner roast Congressman
finds himself in a fight he does not relish.’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec
liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ John
Cummings (Author), Ernest
Volkman (Author) Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t
think so! I do believe that both nations are regressively but nostalgically
trying bring the world back to failed geopolitical paradigms that made the 20th
century the bloodiest century, not coincidentally the american century
(obviously for israel the latter half century). Yet, such a conditioned
psychopathic approach to global matters has led them self-destructively,
self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs,
extinction, at least in a manner of speaking. Global information exchange at
lightning speed has made such throwbacks to a lost era, propaganda, and
maladaptive traits foolish at best, deadly at worst. Intelligent people
worldwide aren’t buying the obsolete, Orwellian approach fostered by the
purveyors of global unrest; viz., israel, america, Orwellian england, etc..;
more specifically, diversion of the masses from the glaring failures of
leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Obama’s America:
Prosperity Lost President
Obama, the fellow leftists in his administration, and the Congress, nearly none
of whom have ever made a viable contribution to the Gross Domestic Product, are
hell-bent on seizing complete control of the economy.
Drudgereport: TEMPLETON
chairman: Financial Crisis 'Around Corner'... 'WE
ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...' CHINA:
USA 'ALREADY DEFAULTING'... REPORT: Obama campaign strikes special deal with GOOGLE
advertising... Company rep says ad program 'released to a select few clients'... FLASHBACK:
GOOGLE execs shower Obama's inaugural committee with cash...
RECESSION
WINNER: PELOSI WEALTH GROWS BY 62%...
SUMMER
SELL-OFF INTENSIFIES... Inflation
on the rise... POLL:
Retirement Americans' Biggest Worry...
OBAMA:
WHAT WAR IN LIBYA? 'No exchange of fire with hostile forces'... Lawmakers
Sue... Price
tag projected to be $1.1 Billion this year...
AHMADINEJAD
JOINS CHINA, RUSSIA AT SUMMIT... IRAN
PRESIDENT CALLS FOR ALLIANCE AGAINST WEST... Launches
satellite into orbit...
Beijing
battling protest fires on all fronts...
Greece
Crippled by Protests, Strike Over Austerity...
Greek
rating now worst in the world... CCC... Likely
Default... USA
in Even 'Worse Shape Financially Than Greece'... Protesters
burn American flag during Obama visit to Puerto Rico -- a
U.S. territory ... VIDEO:
Heckled At Miami Fundraiser... Carney
defends WH meeting with Wall Street donors... Ill.
so broke considers ads on license plates...
Eurozone
'heads for break up'... BOEHNER
GIVES OBAMA ULTIMATUM ON LIBYA 'In
five days, the administration will be in violation of the War Powers
Resolution' on Libya... THE
OTHER WAR: Secret US, Afghan talks could see troops stay for decades ... US Housing
Crisis Now Worse Than Great Depression... Since
stimulus passed, 1.9 M fewer
Americans working... REPORT:
Gold headed for $5K an ounce... OPEC
sees risk of price rise, shortage...
Obama on Weiner: 'I would resign'... Earlier:
Sex Twittering Dem a 'Distraction'... Will
keep $174,000 salary while in rehab...
POLL:
Just 26% Favor Continued Military Action in Libya... UK
Navy chief: Britain cannot keep up its Libya role...
DALLAS
MAVS SHUT DOWN THE HEAT... Congratulations
to the Dallas Mavericks! ]REPORT:
Stocks Face Rocky Week... DOW
FALLS BELOW 12,000... Six-week
losing streak longest since Oct 2002... Nasdaq
Turns Negative for Year... Fed
to Announce 'Final Bond Purchases' Today... Another
Housing Drop Predicted... STUDY:
Most Americans 'won't be able to retire until their 80s'... Cash-strapped
states considering online lottery sales...
GALLUP:
OBAMA BACK UNDERWATER 45/46... PA
2008: OBAMA 55%; 2011: 41% APPROVAL... FLA:
Trouble in Paradise...
MURDER
CONVICTION TOSSED OVER 'RACIST' COMMENTS...
Swiss
Politicians To March On Bilderberg, Demand Arrest Of Kissinger... Italian
Politician 'bloodied' sneaking into hotel...
ECONOMIC
'HORROR' AS DATA PLUNGES Dow
Has Longest Weekly Slump Since '04... Housing
prices fall 'beats Great Depression slide'... CHICAGOLAND:
Flash Mobs Attack 2 Men... WAR
NO. 4: USA INTENSIFIES SECRET YEMEN AIRSTRIKES Chicago
rapper calls Obama 'biggest terrorist' in US... Poll:
Obama approval rating drops as fears of depression rise... OBAMACARE
GOES TO COURT... Judges
suggest they may be ready to declare law unconstitutional... ...Express
unease with gov't forcing Americans to buy health care Random
mobs run wild in Chicago... TARGET
CITY BUSES... Victims
seriously injured... NYT: SAUDIS SPENDING $7K PER CITIZEN TO AVOID OVERTHROW
OF KINGDOM... DEVELOPING... OBAMA
OFFERS BAILOUT $$ FOR GREECE... POLL:
Only 24% Say They Share President's Political Views... Nearly
half of Americans fear another Great Depression... OPEC
BREAKDOWN, NEW OIL SPIKE... FED:
Economy falters in several US regions... Lack
of buyers may force Treasury to boost interest rates... China
overtakes USA as top energy consumer... Warns
debt-default idea is 'playing with fire'... Fitch
to review US debt rating... TAX
FURY IN ATHENS AS GOV'T FACES DEBT 'Bankrupt'
claim heightens Spanish debt fears... 9.1% MAY JOBS: +54,000... MCDONALD'S
hired half... Fears
stoked of a 'double-dip'... CBO:
True Cost of Fannie, Freddie Bailouts $317 Billion, Not $130 Billion Obama
Claims... Taxpayers
Still Bailing Out Banks... WH:
'Bumps on the road to recovery'... O
gets booed... LET'S
GOLF ABOUT IT China
Divests 97% of Holdings in US Treasury Bills... DOOM:
More Americans Think Economy Will Never Recover... GOP
sees Obama as increasingly beatable... Recovery
Languishing as Americans Await Signal of Better Times... Congress
Delivers Obama 'Stunning Rebuke on Libya'... Weiner
withdraws from speaking engagement... Dow tumbles 280 points... Private Sector Jobs Grew By Only 38,000 in May... Planned Layoffs Up... Manufacturing Slows... MOODY'S:
US Rating Could Be Placed Under Review... Greece
goes further into junk territory; MOODY'S downgrades... AP:
Consumer confidence falls 'unexpectedly' in May... BARONE:
Pro-Obama media always shocked
by bad economic news... Home-price
index at lowest point since 2006 bust... 'Double-Dip'
Even Worse Than Expected... GOLDMAN
SACHS: $5 gas this summer... Number
of federal-owned limousines has soared under Obama... Obama
bailout of GOV'T MOTORS to cost taxpayers at least $14 billion... Obama
solicitor general: Don't like healthcare mandate, earn less money! REPORT:
Senate's 100 members spend $40M for 700 offices nationwide... 7
'NATO troops' killed Thursday were American... British
Health Care Program in Grave Peril... Netanyahu:
Israel cannot prevent UN recognition of Palestinian state... First
ID'ed as 'Int'l Security Assistance Force service members'... Deadliest
day this year... WARS
RAGE ON... U.S.
Dead in Afghanistan Tops 1,500... OBAMA
HITS GOLF COURSE FOR ROUND NO. 70... ON
THE GROUND IN LIBYA Anti-Christian
Violence Continues in Pakistan... UPDATE:
MIAMI 'WAR ZONE' DURING URBAN WEEKEND... 'I
was scared for my life'... Poet
'Da Real One' Gunned Down In Front Of Miami Poetry Cafe... Violent
crime explodes in Myrtle during Black Bike Week; 8-hour hell... Rib
Fest At Rochester beach turns rowdy... Riot
On Long Island... Urban
Melee In Charlotte... Chaos
causes DNC concern for convention... Unruly
urban crowd shuts down Nashville water park... Emanuel
shuts down packed Chicago beach; 'heat-related illnesses'... REPORT:
'Dozens of gang bangers'... TEEN
GANGS UNLEASHED ON BOSTON BEACH WHO: Radiation From Cell Phones Can Cause Cancer... In same category as lead, engine exhaust,
chloroform... VIDEO:
Woman Screams For Help After TSA Molestation... Porn actress: Weiner asked me to lie about talks... 'I
did not sext Anthony Weiner'... HUMA
AND HILLARY RETURN TO USA... New
pictures show teen Weiner cross dressing and 'oiled up'... Dems
Prepare to Strip Him...
SEXTING WEINER OFF TO REHAB
NEW
PHOTOS: Weiner Used Congressional Gym As 'Sexy' Backdrop... Entering
'psychological treatment center'... PELOSI:
OUT... DNC
BOSS: RESIGN... Boehner
gets laughs with quip... PELOSI:
You gotta' go... DNC
BOSS: RESIGN... Chorus
to quit grows... WEINER
WON'T GO Cops
probe texts to teen girl... MSG:
'Large. Tights and cape'... Weiner
admits, says they were harmless... Rangel
defends: 'He wasn't going out with little boys'... THE NEW TACK: Dem rep sick, needs treatment to 'make himself
well'... New
X-rated Weiner photo hits web... Weiner:
That's my weiner, too... Another
Weiner Sexter Emerges... POLITICO
on Weiner: 'Dam is breaking'... DEMS
BAILING... Old
Flame Calls on Him to Quit... he transcript of a nine-month
"sexting" relationship Weiner had with a Las
Vegas blackjack dealer . Radar Online posted the transcript, and it is rife with
misogyny and distorted views about women. In referring to oral sex, Wiener
tells her, “You will gag on me before you c** with me in you” and “[I’m]
thinking about gagging your hot mouth with my c***.” This is not about sex.
It’s about dominating and inflicting physical pain on a woman, a fantasy the
hard-core porn industry makes billions of dollars on selling to men. You don’t
want to gag a woman with your penis unless you have some serious issues with
the way you see women. As for his
other views of women, he tells her, “I hear liberal girls are very, uh,
accommodating of other[s],” playing on a bogus stereotype that politically
liberal women are promiscuous. When he asks the woman, who is Jewish, “You give
good h**d?” and she says yes, he exclaims: “Wow a Jewish girl who sucks c***!
this thing is ready to do damage.” ‘ [ What a total
mental case! ] REPORT:
Weiner coached woman to lie... TMZ:
Offered PR help... Dems
Begin Peeling Off... Breitbart
says he has X-rated photo... WHACKED,
NOT HACKED! 'Used govt. resources'... Breitbart:
'I Want To Hear Truth'... 6
'inappropriate' relationships... ABCNEWS:
Mystery Woman Revealed... HER
STORY... Risqué
Online Chats, Photo Swaps... SLIDESHOW... VIDEO:
'Web of lies'... TWITTER TEARS: WEINER ADMITS REPORT:
Woman claims to have 200 explicit messages from NY Dem... IT
MIGHT BE MY WEINER! REPORT:
WEINER'S TALE UNRAVELING... By Daniel Libit Sunday, June
5, 2011 ‘As the world has attempted to make sense of Rep. Anthony Weiner’s
claim that his Twitter account was hacked, a key clue has been missing: exactly
how the notorious groin pic was posted online. But according to data provided
exclusively to The Daily from TweetCongress.org, a nonprofit website that
captures each member of Congress’s Twitter feeds in real time, the shot seen
round the world was transmitted using TweetDeck — a popular Adobe desktop
application that links up with social networking sites. A review of Weiner’s
Twitter stream from May 27, the day of the crotch pic, shows that Weiner had
been posting only from TweetDeck — one of many ways to post messages to Twitter
— that entire night. Chet Wisniewski, a senior security adviser at security
software company SophosLabs, said the TweetDeck stamp “does make it more
plausible that it did come from him.” Weiner used TweetDeck frequently, but he
often also posted from the Web directly or from his BlackBerry. A widely
circulated explanation for how Weiner’s Twitter account could have been
hacked by email would also seem to be incompatible with the fact that the
message in question originated on TweetDeck. If email had been used, the
message probably would have originated via the photosharing site Yfrog, where
the infamous picture was posted …’ [ Weiner admits he sent lewd picture; won't quit (AP) - After
days of denials, a choked-up Rep. Anthony Weiner confessed Monday that he
tweeted a photo of his bulging underpants to a young woman, and he also
admitted to "inappropriate" excha...’ Tearful US congressman admits to crotch photos (AFP) ]'This
Could Be The End For Him'... ’Pot Calls Kettle Black’: Donald Trump Unloads on Anthony Weiner: "He's a Psycho" - Donald
Trump has a new target, and boy does he look pleased. "The fact is,
Anthony Weiner is a bad guy," the Celebrity Apprentice honcho, who
recently decided against running for... 'Have
You Ever Taken A Picture Like This Of Yourself?'... WEINER
CALLS COPS ON CBS WASHINGTON
(CBSNewYork) — ‘Congressman Anthony Weiner said Thursday he’s
finished talking about the lewd photo sent from his Twitter account.But he
still wouldn’t say whether
he’s the one in the picture .So CBS 2 political reporter Marcia
Kramer decided to go to his office on Capitol Hill to try to get you some
answers.You’ll never believe what happened.Kramer tried to get an interview
with the six-term New York Democrat and as a result had the cops called on
her.Kramer walked in to Weiner’s office, announced herself as being from CBS 2
in New York City and said she’d like to see the congressman. Those few words
created quite the stir. Doors slammed and people pretended she wasn’t there
...’ Weiner’s
efforts don’t cool furor The congressman
said that he didn’t send a lewd photo on Twitter but also that he couldn’t “say
with certitude” whether the image was of his own crotch. (Washington Post) [ ‘Weiner’s weiner’! ‘Not cool furor’ … how
‘bout just plain ‘not cool’. Eh … what can you expect from national drain /
sinkhole new york (new york / new jersey metro). I haven’t read but probably
agree with the following article: Listen
up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr.
Milbank weighs in: ‘ The
Weiner roast Congressman
finds himself in a fight he does not relish.’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec
liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ John
Cummings (Author), Ernest
Volkman (Author) Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t
think so! I do believe that both nations are regressively but nostalgically
trying bring the world back to failed geopolitical paradigms that made the 20th
century the bloodiest century, not coincidentally the american century
(obviously for israel the latter half century). Yet, such a conditioned
psychopathic approach to global matters has led them self-destructively,
self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs,
extinction, at least in a manner of speaking. Global information exchange at
lightning speed has made such throwbacks to a lost era, propaganda, and
maladaptive traits foolish at best, deadly at worst. Intelligent people
worldwide aren’t buying the obsolete, Orwellian approach fostered by the
purveyors of global unrest; viz., israel, america, Orwellian england, etc..;
more specifically, diversion of the masses from the glaring failures of
leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Despite
Today's Rally, Investors See Threat of a Market Correction at
Minyanville Lloyd Khaner
June 14, 2011 ‘We may not be out of the woods, yet; this week, investors were
given new reasons to worry.
Investors are in better spirits today
following upbeat news about retail sales and China's move to curb inflation,
but make no mistake: the global markets remain nervous and the risk of a major
correction lingers. Lloyd's Wall of Worry as an investing tool, see
below. For a look at the the specific worries making investors nervous this
week, keep reading. “FIX IT!” trading against the
pros. stock prices.
Gallows humor anyone? price of oil down.
ASIAN ECONOMIES: Channeling the voice of
the legendary sportscaster Howard Cosell, “Down goes Asia! Down goes Asia! Down
goes Asia!” financial assets in the
world can’t be artificially spiked skywards. afford even a slight
slip-up. I can’t watch. Chinese imports may be more toxic than that 2004
vintage drywall they cranked out, and certainly a heckuva lot more expensive.
Top 3 Reasons Markets Were Up Big Despite Gloomy Headlines [Oh come on! ‘Better than expected data from
the … commerce department? China’s still growing, duh; which is just dandy for
defacto bankrupt america ? Solar? This is an especially great time to sell /
take profits since beyond the puff / sluff there’s much worse to come! ] ‘Wall St Cheat SheetOn Tuesday June 14, 2011, Markets closed up on Wall Street: Dow
+1.03% , S&P +1.26% , Nasdaq +1.48% , Crude +2.12% , Gold +0.68% .
On the commodities front, Oil ( NYSE:USO ) added $2 to close just below $100 a barrel, while
precious metals were had a nice day with Gold ( NYSE:GLD ) and Silver ( NYSE:SLV ) both in the green.
Today’s markets were up because:
1) Retail sales shocked the doom-and-gloomers. Funny
thing about the uber-bears is they are spot about consumers when Oil ( NYSE:USO ) spikes, but they always forget to adjust expectations
when the facts change. Today retail shorts melted first when Best
Buy ( NYSE:BBY ) announced strong earnings and then when the
Commerce Department showed retail sales grew 0.3% (ex-food and
gas).
2) Surprise! China is still growing. A ton of the recent
selling has been on the playbook that slowing growth in China ( NYSE:FXI ) will drag down the world economy. Well, at least the
Chinese government says China is growing just fine . That was the
main catalyst for stocks to pop today as global shorts unwound enough shares to
accommodate China’s data.
3) Solar stocks were on fire. Google ( NASDAQ:GOOG ) threw down some big support to
SolarCity to help boost growth in residential solar power ( NYSE:TAN ). Check Out: Here’s Why Solar Stocks are On Fire Now .
Bonus: Will
Internet Radio and the Cloud Squash Sirius XM Radio? .’
Bearish
Signs Are Quickly Adding Up at Minyanville Gary Kaltbaum
Jun 13, 2011 ‘When the markets are in a bear phase, as they are now, it becomes
immensely important to keep our eye on certain things.
Over the past few weeks, I have been
more cautious. During that time on the Buzz & Banter , I
outlined why I thought the market was in trouble. The simple fact is that
every characteristic that usually show up near tops in the market...
showed up. When these characteristics show up, it is time to keep an eye
out for trouble. All that has to happen is for negative price and volume to
confirm. Subtle signs showed up weeks in advance. When listening to
those who say this recent drop came out of nowhere, please take it with a grain
of salt. Here are those bearish characteristics that I've said would eventually
come back to haunt the market: Financials lead down when the market sinks. It's
quite amazing that this is occurring while the Fed is just handing money over
to them. This is important, as financials have always been a key to the
market. Major New Highs Divergence Defense Leads Low Levels of Cash Mutual funds are only
holding 4% in cash -- a very low level -- providing very little ammo for the
market. Over the Top Bullish Sentiment S&P by 2013 and
another calling for 20,000 Dow within 18
months. These type of calls do not occur at the lows. Many Stock Splits and Mergers Stock splits and mergers do not occur
at lows. In fact, they occur at highs. Emerging Markets A Plethora of IPOs and Secondaries sales and lose money. They get their fees
and investors lose. Semiconductors Finally and Most Importantly moving averages , and only bad
happens when below. The final dagger occurred last Wednesday when markets dived
below on volume. Since then, there's nothing but distribution. On a daily basis
we are seeing weak closes, another important sign of a bear phase.
Try to resist the urge to listen to
permabull Wall Streeters during bear phases, as it could cost you a bundle . You will be
hearing the terms overdone, overreaction, undervalued, cheap, and so on. Be
careful! Fox News a few weeks ago, I received a
bunch of disagreeing emails, and even hate mail. Some people just never want to
believe the market can go down. There is no way of knowing when a bear phase
will end, but just like we know the characteristics that show up during a
market top, we know the characteristics that show up during a market bottom. I
do believe this market has a date with the 200-day moving
average which is only a couple percent lower. At this juncture,
I am inclined to believe it will occur. businesses and they
all said that things had stalled, that there was no upward trajectory. I then
heard the heads of Walmart ( WMT ) and Target ( TGT ) say that
the consumer hit a wall.
(Here's a hint, never argue with what Walmart says. Don't listen when
a pundit says the news is just limited to Walmart. The company only does
$400 billion in sales.) The last and most important clue... commodities topped,
indicating demand was indeed softening. Weeks later, all the worsening news has
started to come out. Seinfeld episode where
Jerry told George that if every decision he has ever made was wrong, then doing
the opposite must be right. We've seen massive deficits, massive amounts of new
regulations, threats of tax increases, demonization of almost every industry , and a health
care bill that does nothing more than add more costs to hiring even though they
say it will lower costs and lower the deficits. There is only one outcome
from this questionable policy... and we are seeing it. The Obama
administration is not dealing with a sluggish economy, it is causing
it. Editor's Note: Gary Kaltbaum is the author of The Investors Edge and
long-time contributor to TradingMarkets.com .’
S&P slashes Greece to lowest, says default likely (Reuters)
THE SPECTER OF DECLINE HANGING OVER THE
MARKET http://www.minyanville.com/businessmarkets/articles/market-market-news-double-dip-recession/6/6/2011/id/34961 Jeffrey Cooper Jun 06, 2011 http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/INDEX_$SPX_D%20--%20S&P%20500%20INDEX%20%7BDelay20%7D.gif cost of the Vietnam
War when Nixon was facing reelection forced him to abandon the gold standard.
Now we also have a president facing a reelection with and involvement in wars
which continue to drain our resources, and fears about the rise of inflation.
It’s been 40 years (40 days and 40 nights) with the world reserve currency
wandering in the desert. Financial Panic of 1907
is a good fit with the 2007/2008 Panic. Note the big low in late February 1909
which is a good fit with the March 2009 low. In 1911 there was a peak in
February and a pivot on May 1 with a high and waterfall decline starting from
June. http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/DJ%201909%20final%206-5-11.gif http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/DJ%201910%20final%206-5-11.gif http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/DJIA%201911%20final%206-5-11.gif http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/DJ-1937-1942%20final%206-5-11.gif price level where
the recent failure occurred. In comparison, 1330 calendar days from the March
1937 highs gives November 1940 (point A on the chart) which was prior to a new
leg down. Note the pattern of the low in late 1937/early 1938 closely resembles
the pattern of the low from November 2008/March 2009. http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/INDEX_$INDU_D%20--%20DOW%20JONES%20INDUSTRIAL%20AVERAGE.gif
More
Temporary Solutions To Long Term Economic Problems The lifeblood is being sucked out of America by free
trade, globalization, offshoring and outsourcing. Over the past 11 years
manufacturing jobs have fallen by 11.7 million and 440,000 businesses have been
lost. Paul
tells Manchester crowd inflation will hit 50 percent Texas congressman Ron Paul on Friday predicted that
inflation will hit 50 percent in the next couple of years, thanks to the
massive debt the country has accumulated.
Worst
Market In Nine Years Spells Worsening Woes at Forbes Robert
Lenzner StreetTalk ‘We broke
through 12,000 on the Dow today in the climax to the worst week in 9
years. It was also the 6th straight week of stock declines– widely
understood to be a sign of what’s to come in the economy. Even Apple, the
darling of the tech world, sold off every day this week– even in the face of
Steve Jobs introduction of the “cloud” storage of all our social media and
entertainment software.All this hasn’t punctured the wishful thinking at the Fed
and on Wall Street, where corporate profits are expected to prove
stock prices are too cheap. Here’s the list of the wishful thinking
items I heard or read today;
*There won’t be a default on US debt– or even a reduced
credit rating. I have to admit a gnawing anxiety about resolving budget
cuts sufficient to raise the debt limit by trillions. Yes, trillions.
Could there really be a political stalemate and flirtation with a crisis over
our finances? I’m beginning to think the worst of all possible worlds. China
and Germany are looking to reduce our credit rating. Comes the revolution, an
overthrow of American financial superiority.
*Oil prices will decline and that development
will allow consumers to spend money and stimulate the economy. Maybe they will–
and maybe they won’t. Rules should installed to limit speculation in energy
futures by institutional investors.
*We are close to a bottom in housing. My answer; we’ve
been told we were close to a bottom for many months now– and it’s
an absurd notion. Yale’s Schiller is suggesting the loss in housing values
could be another 10-20%. Goldman Sachs called this horror story over a year
ago.
* If the economy doesn’t pick up, Fed Chief Bernanke will
declare QE3. Except that QE2 failed to create jobs or economic activity. It
only served to help speculators in gold, silver and oil. There will be an
outcry if QE3 is declared as it only helps the gold lovers– and they are
already filthy rich.
* The bank stocks are selling below book value; their
balance sheets are clean. It’s an enormous buying opportunity. Then, why was
there talk about busting up Morgan Stanley today. Liquidating a major
investment bank? Now, that’s a devilish sign of serious trouble on the
horizon.
*Here’s the most unhealthy element that’s operative;
corporate profits and executive compensation have been strong– while wages for
ordinary Americans are lower. “What is to be done?” asked Lenin in 1917.
Neither the White House nor Wall Street know what to do to turn this decline
around.
We are all being challenged by a deterioration that seems
to have no obvious public policy solution. Pain is coming.’
States Use Sweepstakes to Boost 529 Plans
Recession-battered 529 college-savings plans are trying to lure investors with
the chance to win thousands. [ This is more preposterous than it seems at first
blush. ]
The frauds on wall street et als
should be criminally prosecuted, jailed, fined, and disgorgement imposed … an especially great opportunity to sell / take profits
while you still can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding Remember: Sell in May and Go
Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the Market Could Fall 70%’ [
He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF
CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this
low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding / Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued …only time the markets have been more
overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png Navin ‘…1) The 5-year high in the level of insider corporate stock
sales is telling. At 565 sells for every 1 buy, it’s never been higher. Yes, it’s normal for
insiders to be selling some of their stocks so they can buy new yachts and some
of this is pre-planned. But that ratio — which has spiked recently — is
extraordinarily high, one might even say off-the-chart. Gold
May Advance on Inflation Concern, Sovereign-Debt Crisis in Europe Bloomberg | Gold may
gain for the first time in three days.
‘Bumbling’
Economy Result of ‘Meddling’ From Leaders: Ross CNBC | The US
economy is just “bumbling along” and creating an uncertainty.
Where
Is The Recovery? I Cannot Seem To Find It Tony Pallotta | If the US
government reduced spending by 40% today, right this second we still could not
put a dent in a $12 trillion national debt.
Is
Gold in Fort Knox Real? Ron Paul Wants to Know Are the gold bars in Fort Knox really made of the
precious metal? Or has the U.S. government secretly sold off the nation’s
stockpile and replaced it with metal bars that are only painted gold?
Euro
Finance Chiefs Race to Avert Greek Default European finance chiefs begin the final stage of hammering out a Greek
rescue to prevent the euro area’s first sovereign default after the country was
slapped with the world’s lowest credit rating by Standard & Poor’s.
Good
for the jobs council, good for America? Five of the biggest companies on Obama’s jobs council, General Electric,
Citigroup, Intel, Procter & Gamble and DuPont, rely on foreign revenues for
a majority of their sales — a shift that’s occurred just in the past several
years for most of these firms. (Washington Post) [ They’re all full of s***!
You might recall then att’s chairman armstrong’s praise for his company’s
clinton / china waiver. Yet, we all know how they mocked Ross Perot whose
warnings went unheeded. In pervasively corrupt, defacto bankrupt, war criminal
nation america, inherent criminality means blatant, over-the-top greed /
self-interest invariably prevails. And, as we saw and continue to see on
fraudulent wall street, crime in america does pay, and pays well. ’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar (sic – lawyer) is one of those
typically with a ‘pre or post’ arrangement, whether implicit or explicit; you
know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt,
fallen america. Indeed, the scenario
typifies that national drain / sinkhole new york (new york / new jersey metro)
where, for example, FBI informants were routinely exposed by ‘italians’ in the
new york d.a.’s office over the objection of the FBI, and were promptly
‘dispatched’/assassinated / hit by mafia / organized crime [ this was
documented with authority in the book ‘Goombata: The Improbable Rise and Fall
of John Gotti and His Gang’ Cummings, Volkman Though having but 5% of the world’s population, the u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud Though having
but 5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on military than all
the nations of the world combined... fed employees / contractors, cia, all 3
branches of u.s. gov’t, etc., are included in this evolved american trait of
inherent criminality UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has
promised to hold Wall Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
S&P
downgrades Greece It now has the world’s lowest debt grade, and S&P
said a restructuring looks “increasingly likely.” (Washington Post) [ As dire
as the Greek predicament is, some very distinguished experts say: Drudgereport: USA
in Even 'Worse Shape Financially Than Greece'... CHINA:
USA 'ALREADY DEFAULTING'... TEMPLETON
chairman: Financial Crisis 'Around Corner'... 'WE
ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...' Greek
rating now worst in the world... CCC... Likely
Default... Ill.
so broke considers ads on license plates...
Eurozone
'heads for break up'...
The frauds on wall street et als should be criminally prosecuted, jailed,
fined, and disgorgement imposed … an especially great opportunity to sell /
take profits while you still can since there's much worse to come! Selling
In May Is Very Good Advice This Year
Harding Remember: Sell in May and Go
Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert
Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs Davis ‘This is how we
pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE OF
CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog
/ the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year
Harding / Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png Navin ‘…1) The 5-year high in the level of insider corporate stock
sales is telling. At 565 sells for every 1 buy, it’s never been
higher. Yes, it’s normal for insiders to be selling some of their stocks so
they can buy new yachts and some of this is pre-planned. But that ratio — which
has spiked recently — is extraordinarily high, one might even say
off-the-chart.
National / World
CIA Expands Drone Strikes to Yemen Kurt Nimmo | Obama signs off on another illegal and unconstitutional intervention
without consulting Congress. Bilderberg Plan to Save EU Falling Apart Paul Joseph Watson | Activist spotlight on globalist agenda has elite running scared. Deadly Fluoride: Hoax on the Run Infowars.com | Alex Jones interviews Dr. Connett of the Executive Director of the
Fluoride Action Network. Auditors Says $6.6 Billion Missing from Pentagon Probably
Stolen LA Times | Pentagon officials determined that one giant C-130
Hercules cargo plane could carry $2.4 billion in shrink-wrapped bricks of $100
bills.
No to nuclear and
no to Berlusconi BBC | In the past
two days the people of Italy have been given their say.
Hezbollah
Rise In Lebanon Gives Syria, Iran Sway NPR | Hezbollah
and its allies rose to a position of unprecedented dominance in Lebanon’s
government on Monday.
Obama: My
family is ‘fine’ with one term Politico | President
Barack Obama says his family is “not invested” in a second term.
Weiner
won’t go; new photos surface on Internet AP | The
second-ranking House Democrat on Sunday joined the party leadership in urging
Rep. Anthony Weiner to quit
Two U.S. soldiers
killed in Iraq Washington Post | Two more
U.S. soldiers have been killed in Iraq.
90%
of Petraeus’ Captured ‘Taliban’ Were Civilians Gareth Porter | More than 80
percent of those called captured Taliban fighters were released within days of
having been picked up, because they were found to have been innocent civilians.
Boehner
warns Obama that Libya will violate war powers House Speaker John Boehner, R-Ohio, sent President Obama
a letter Tuesday afternoon warning him that the operation in Libya will be
violating the War Powers Resolution by this Sunday, which marks the 90th day of
U.S. military involvement in the country. Stephen
Baldwin May Run Against Alec Baldwin for NYC Mayor Alex Jones was the keynote speaker at this year’s Talkers
New Media Conference held in New York City. Alex gave an inspiring speech to a
packed house. After his speech, he ran into Stephen Baldwin a radio talk-show
host and the youngest of the four acting Baldwins. Forget
China, Americans Have Had All Their Communications Bugged For 20 Years Outrage over the revelation that Chinese authorities have
been installing spying devices on all dual-plate Chinese-Hong Kong vehicles is
nothing compared to the fact that Americans and European have had all their
communications tracked for at least two decades. New
9/11 Poll: Half Of New Yorkers Support New Investigation Into WTC7 Collapse A new scientific poll reveals that almost half of all New
Yorkers would support a new investigation into the collapse of World Trade
Center building 7, which fell at free fall speed into its own footprint on the
afternoon of September 11, 2001, after suffering only relatively minor fire
damage. CIA Expands Drone
Strikes to Yemen The CIA is
expected to begin operating armed drone aircraft over Yemen, expanding the hunt
for al-Qaeda operatives in a country where counter-terrorism efforts have been
disrupted by political chaos, U.S. officials said. Missing
Iraq money may have been stolen, auditors say U.S. Defense officials still cannot say what happened to
$6.6 billion, sent by the planeload in cash and intended for Iraq’s reconstruction
after the start of the war. Paul:
GOP rivals bigger challenge than Obama It might be harder for Ron Paul to beat his fellow Republicans for the
opportunity to face Barack Obama than to defeat the president himself, the
Texas Republican said Monday. Bilderberg
Plan to Save Eurozone in Tatters The Bilderberg Group’s plan to rescue the eurozone and preserve future
plans for a global currency is in tatters, as the Greek debt crisis spirals out
of control and the return of national currencies to replace the euro becomes a
real possibility.
NBA
Finals 2011: Dallas Mavericks defeat Miami Heat; Dirk Nowitzki gets Finals MVP (Washington
Post) [ Who woulda’ thunk it? I ordinarily don’t comment on sports; and, truth
be told, I really don’t follow basketball except for the championships (this
was a great one) and news highlights (though I like the game and played often
prior to high school / college wrestling
http://albertpeia.com/alresume.htm#ATHLETICS ). Yet, one can hardly not give it up for
the spirited Dallas Mavericks. On paper, they were given no chance; but, the
only ones who hadn’t heard those negative prognostications were the plucky
Dallas team across the board. Even the ‘little’ guys ( Barrea, Kidd ) came up
very big when it counted and when it could have gone the other way. All heart,
they deserved the great victory. We all should have known when they blew out
the lakers that they were no fluke and of their triumph to come.
Congratulations to the NBA Champion Dallas Mavericks!
Obama
says if he were Weiner, he’d resign
President Obama on Monday waded into the debate over whether embattled
Rep. Anthony Weiner should step down, saying, “If it was me, I would resign..Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke| ..Obama is just
more of the same, a big smile with strings attached, and controlled completely
by those that chose him, trained him, sold him and provided his record funding,
kept his many skeletons under wraps, like the gay sex and crack cocaine ..
Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to be with your
Presidential camp, who is alleged to claim that someone claiming to represent
me called asking for $100,000, to keep me from coming forward about our (Obama
and I) November 1999 encounter of sex and cocaine use?), ... Obama is just
another Banksters' moll prostituting himself .., and that's why he supported
the grotesque bail-out of the banking system and why he will always put their
interests before the people. http://albertpeia.com/obamadeceptionhighqualityversion.flv . (Washington Post) [ Drudgereport: SEXTING WEINER OFF TO REHAB
NEW
PHOTOS: Weiner Used Congressional Gym As 'Sexy' Backdrop... Entering
'psychological treatment center'... PELOSI:
OUT... DNC
BOSS: RESIGN... Boehner
gets laughs with quip... PELOSI:
You gotta' go... DNC
BOSS: RESIGN... Chorus
to quit grows... WEINER
WON'T GO Weiner
admits, says they were harmless... THE NEW TACK: Dem rep sick, needs treatment to 'make himself
well'... New
X-rated Weiner photo hits web... Weiner:
That's my weiner, too... Another
Weiner Sexter Emerges... POLITICO
on Weiner: 'Dam is breaking'... DEMS
BAILING... Old
Flame Calls on Him to Quit... he transcript of a nine-month
"sexting" relationship Weiner had with a Las
Vegas blackjack dealer . Radar Online posted the transcript, and it is rife with
misogyny and distorted views about women. In referring to oral sex, Wiener
tells her, “You will gag on me before you c** with me in you” and “[I’m]
thinking about gagging your hot mouth with my c***.” This is not about sex.
It’s about dominating and inflicting physical pain on a woman, a fantasy the
hard-core porn industry makes billions of dollars on selling to men. You don’t
want to gag a woman with your penis unless you have some serious issues with
the way you see women. As for his other views of women, he tells her, “I hear
liberal girls are very, uh, accommodating of other[s],” playing on a bogus
stereotype that politically liberal women are promiscuous. When he asks the
woman, who is Jewish, “You give good h**d?” and she says yes, he exclaims: “Wow
a Jewish girl who sucks c***! this thing is ready to do damage.” ‘ [ What a total mental case! ] REPORT:
Weiner coached woman to lie... 'Used govt. resources'... TWITTER TEARS: WEINER ADMITS REPORT:
Woman claims to have 200 explicit messages from NY Dem... IT
MIGHT BE MY WEINER!
Cohen:
Fed up with favoritism toward israel (Washington Post) [ As indeed all people worldwide should be.
After all, such costly (direct and indirect) favoritism is contraindicated in
every way, particularly for defacto bankrupt america. This fact certainly
wasn’t lost on James Forrestal whose prognostication / admonition has proven
all too true. Krauthammer:
What Obama did to Israel (WP) [ The fundamental problem with Mr. Krauthammer’s
non-sequitor illogic is the manner in which war crimes nation israel came by
those land (war) and the numerous violations of u.n. resolutions (ie., 242,
338, etc., and oslo accords, etc.), international, war crimes (flotilla raid,
etc.) since then. He thus becomes the journalistic equivalent of what Pat
Buchanan refers to as the ‘israeli amen corner’ in congress. If only one could
realistically ignore the detriment the world and america have suffered as a
direct consequence of this foreign policy bent … Top
Democrats criticize Obama’s Israel policy
(WP) [ What policy … to him, just words … more b***s*** . I’ve thus far
refrained from commenting on what I’ve anticipated to be ‘just more of the
same’; empty rhetoric. Pervasively corrupt, defacto bankrupt america makes the
wrong choice at every turn, ensuring in every way, decline and fall;
self-destructive, self-defeating. Make no mistake, and let me reiterate, that
substantially underrated President General Eisenhower would have put American
interests first and the current debacle would never have occurred in the first
instance … see, ie., http://albertpeia.com , historical
documentation, from website: http://www.ameu.org ‘Lest We Forget The Israeli lobby in
Washington has successfully influenced the U.S. Congress to give billions of
non-repayable dollars each year to Israel on the premise that Israel's loyalty
and strategic importance to the United States make it an ally worthy of such
unprecedented consideration. Is it ? In his Farewell Address, George Washington
warned Americans to avoid a passionate attachment to any one nation because it
promotes "the illusion of an imaginary common interest in cases where no
real common interest exists." In 1948, U.S. Secretary of Defense James
Forrestal, an opponent of the creation of a Jewish state in Palestine, warned
that, even though failure to go along with the Zionists might cost President
Truman the states of New York, Pennsylvania, and California, it was about time
that somebody should pay some consideration to whether we might not lose the United
States. Israeli actions over the past 53 years involving U.S. interests in the
Middle East seriously challenge the "strategic asset" premise of the
Israeli lobby. Some of these actions are compiled in the list that follows: ’ ] Netanyahu
lays out vision for Mideast peace (WP) [ Vision? Don’t make
me laugh! The guy’s blind; and a ward and provocateur at america’s substantial
cost and detriment. ]
S&P slashes Greece to lowest, says default likely (Reuters)
Top 3 Reasons Markets Were Flat as Summer Kicks into Gear
Phone taps convict three more of insider trading (Reuters)
THE SPECTER OF DECLINE HANGING OVER THE
MARKET http://www.minyanville.com/businessmarkets/articles/market-market-news-double-dip-recession/6/6/2011/id/34961 Jeffrey Cooper Jun 06, 2011 ‘The specter of
a decline hangs over the market; no one knows which cycle will dominate or
whether we are in a bullish correction or on the way down to test lows.These are the days it never rains but it
pours... --"Under Pressure" (Queen, David
Bowie) http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/INDEX_$SPX_D%20--%20S&P%20500%20INDEX%20%7BDelay20%7D.gif Click
here for Square of 9 . http://image.minyanville.com/assets/FCK_Jan2011/File/wheel662b.JPG moving
averages . funds to panic prior
to quarter end and send the S&P into a tailspin to a test of the March lows
near 1250 which coincides with the 200 dma, I can’t help but remember that
after the plug was pulled in March there was a 4- to 5-day spike to 1250 which
carved out a bottom that saved the quarter. I can’t help but remember just
recently, the big month-end window dressing on the last few trading days of May
that drove the indices back toward the highs. Interestingly,
the stab down on March 10 followed what looked like a reversal of sorts on
March 11 (which proved to be a false bottoming tail) which led to a flush out
on March 15 and March 16 which mirrors the pattern of the last three trading
days. So the next two sessions should be interesting indeed. With the S&P
perched on the 1300 fence, will it claw through support driving the S&P to
a test of 1250? See
Square of 9 here . http://image.minyanville.com/assets/FCK_Jan2011/File/wheel661.JPG cost of the Vietnam
War when Nixon was facing reelection forced him to abandon the gold standard.
Now we also have a president facing a reelection with and involvement in wars
which continue to drain our resources, and fears about the rise of inflation.
It’s been 40 years (40 days and 40 nights) with the world reserve currency
wandering in the desert. Financial Panic of 1907
is a good fit with the 2007/2008 Panic. Note the big low in late February 1909
which is a good fit with the March 2009 low. In 1911 there was a peak in
February and a pivot on May 1 with a high and waterfall decline starting from
June. http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/DJ%201909%20final%206-5-11.gif http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/DJ%201910%20final%206-5-11.gif http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/DJIA%201911%20final%206-5-11.gif http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/DJ-1937-1942%20final%206-5-11.gif price level where
the recent failure occurred. In comparison, 1330 calendar days from the March
1937 highs gives November 1940 (point A on the chart) which was prior to a new
leg down. Note the pattern of the low in late 1937/early 1938 closely resembles
the pattern of the low from November 2008/March 2009. http://image.minyanville.com/assets/FCK_Jan2011/Image/cooper/0611/6/INDEX_$INDU_D%20--%20DOW%20JONES%20INDUSTRIAL%20AVERAGE.gif
More
Temporary Solutions To Long Term Economic Problems The lifeblood is being sucked out of America by free
trade, globalization, offshoring and outsourcing. Over the past 11 years
manufacturing jobs have fallen by 11.7 million and 440,000 businesses have been
lost. Paul
tells Manchester crowd inflation will hit 50 percent Texas congressman Ron Paul on Friday predicted that
inflation will hit 50 percent in the next couple of years, thanks to the
massive debt the country has accumulated. Roubini
Says a ‘Perfect Storm’ May Converge on the Global Economy in 2013 A “perfect storm” of fiscal woe in the U.S., a slowdown
in China, European debt restructuring and stagnation in Japan may converge on
the global economy, New York University professor Nouriel Roubini said. Stocks’
plunge hits six weeks The Wall Street
slump reflects a sentiment among investors that the economic recovery is going
awry. (Washington Post) [ There never was a real recovery in economic terms,
particularly relative to costs; except, for the frauds on wall street for whom
all taxpayer largesse, ie., QE1 & 2, etc., was engineered. You know … that
wealth effect … for the frauds on wall street who did get wealthier at everyone
else’s expense. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! Selling
In May Is Very Good Advice This Year
Harding Remember: Sell in May and Go
Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert
Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock
sales is telling. At 565 sells for every 1 buy, it’s never been
higher. Yes, it’s normal for insiders to be selling some of their stocks so
they can buy new yachts and some of this is pre-planned. But that ratio — which
has spiked recently — is extraordinarily high, one might even say off-the-chart. Minyanville's
T3 Daily Recap: Bearish Close Foreshadows Deeper Correction at
Minyanville U.S.
trade deficit shrinks A weak dollar drove up exports of goods and services to
record levels. Jobless
claims rise Companies are cutting staff as demand slows because of
tight credit and elevated energy prices. (Washington Post) [ Jobless claims
worse than expected and the glaring absence of the ‘800 pound gorilla’; viz.,
the Japanese auto sector giving an artificial boost to the u.s. auto ‘balance’
is somewhat homologous, not analogous, to a footnote on an income statement for
extraordinary (ie., one time, etc.) items and structurally, nothing has
changed. Kill-Joy
Alert: Economic Data Not as Good As It Seems, Say Analysts at Forbes
6-9-11 Heather Struck ‘ If analysts these days are seeming like “the glass is
half empty” kind of guys, it may be for days like today, when this morning’s
seemingly upbeat economic data are already being met with unenthusiastic
grumbling. A smaller trade gap may be indicative of deeper problems, analysts
are saying, as global events have already seemed to tie into the U.S.’s tenuous
economic recovery.
Osborne
To Address Financial Elite Fresh From Bilderberg Weekend Chancellor George Osborne will use a major speech on
Wednesday to announce plans to auction off state-owned bank Northern Rock, the
Sunday Times newspaper reported. US corporate
model causing depression A recent poll
revealed that almost half of the US thinks another great depression is on the
horizon. Why are Americans expecting another economic disaster? Political
columnist Harold Meyerson gives his take on how to keep America afloat. Where are
the guillotines in Washington? The Obama administration is following the Bush and Clinton administrations
by advancing the destruction of America’s legal and political system, spreading
the criminal war on terror, and helping private banksters rob the American people.
Anonymous: Bernanke Is
Next The most well-known
hacker group, Anonymous, uploaded a video message to youtube yesterday calling
for Fed Reserve Chairman Ben Bernanke to resign, among other things. Steven
Pearlstein Managing and even
measuring a recession becomes tricky in new, global environment. (Washington Post) [ That depends on who’s
doing the measuring. Certainly if it’s ‘no-recession-helicopter-ben b.s.
bernanke’, we now all know the great recession that bernanke said would not
occur, did; and, the QE bernanke said would work, didn’t. The bottom line is
that ‘they’, individually and collectively haven’t the slightest idea what
they’re doing, nor the slightest clue what to do. The coverup invariably
militates against the measuring. Bernanke:
Economy slowing but faster growth ahead - AP [ Well, there you go … the
new maestro, ‘no-recession-helicopter-ben b.s. bernanke’, has covered
all his bases; yes, the economy’s slowing but as well, faster growth ahead.
Nothing to worry about now in this ‘non-zero sum game’; after all, either / or
he’s gotta’ be right … wrong!
The
GOP’s deficit demands Sen. Jon Kyl offers
the most specific outline yet of Republicans’ conditions in the debt-ceiling
talks. (Washington Post) [Moody’s:
U.S. credit rating at risk Agency warns of
a possible credit rating downgrade if a debt-ceiling deal cannot be reached.
(Washington Post) [ I’d say, as is true of their performance in the last phase
of this ongoing crisis, they are so typically late to the party. After all,
pervasively corrupt america is already defacto bankrupt. House
rejects debt ceiling increase
The 317-to-98 vote was a bipartisan rejection of extending the nation’s
current debt limit of $14.3 trillion unless major spending reductions accompany
the legislation. (Washington Post) [ Well, perish the thought that increases in
liabilities should be commensurate with decreases in liabilities to maintain a
… balance … sheet? At this point, who’s counting? After all, are there really
degrees of defacto bankruptcy? Or, an either / or absolute state; viz., you are
or you’re not defacto bankrupt. Pervasively corrupt, defacto bankrupt america
is in fact defacto bankrupt! … Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press” climaxed Sunday with a startling market
prognostication from David Brooks, conservative columnist for the NY Times . The risk of a debt default over the
combustible issue of the Medicare deficit hangs over the course of the stock
market. Buyers Beware!“I was up in Wall Street this week,” Brooks said.
“They’re vastly underestimating the source of piolitical risk here. We could
have a major problem, I think, either this summer or the next couple years. And
I’d be worried about investing too much in the market. That’s my financial
advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a
devastating long-term economic decline..’ ]
States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall
street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed), and have used the mideast turmoil to obfuscate their failure. Davis ‘This is how
we pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE OF
CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this
low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares
and pay dividends with what essentially is taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come!
Where
Is The Recovery? I Cannot Seem To Find It Tony Pallotta | If the US
government reduced spending by 40% today, right this second we still could not
put a dent in a $12 trillion national debt.
National / World
90%
of Petraeus’ Captured ‘Taliban’ Were Civilians Gareth Porter | More than 80
percent of those called captured Taliban fighters were released within days of
having been picked up, because they were found to have been innocent civilians.
Globalist
Org Reports 15,000 Dead in Libya Kurt Nimmo | The
corporate media usually dismisses Libyan claims that the NATO terror campaign
is killing innocent civilians.
Just
26% Favor Continued Military Action in Libya A plurality of voters now opposes further U.S. military action in Libya,
and most say President Obama needs congressional approval to continue those
operations. Ordinance
Would Force Property Owners to Surrender Keys to Government In Cedar Falls, Iowa, the government is attempting to
nullify the Fourth Amendment. The City Council is scheduled to vote on the
third and final reading of an ordinance adopting a 2009 International Fire Code
that specifies the fire chief can require lock boxes for emergency access to
keys to buildings. Obama Seeks to
Win Back Wall St. Cash A few weeks
before announcing his re-election campaign, President Obama convened two dozen
Wall Street executives, many of them longtime donors, in the White House’s Blue
Room. Weiner
to seek help during leave Top Democratic leaders call on N.Y. congressman, who
said he is taking a “leave of absence,” to step down. (Washington Post) [
Sounds like a plan! Drudgereport: SEXTING WEINER OFF TO REHAB PELOSI: You gotta' go... DNC BOSS: RESIGN... Chorus to quit grows... Cops probe texts to teen girl... MSG: 'Large. Tights and cape'... Weiner admits, says they were harmless... THE NEW TACK: Dem rep sick, needs
treatment to 'make himself well'... Old Flame Calls on Him to Quit... he transcript of a nine-month "sexting" relationship Weiner had
with a Las
Vegas blackjack dealer . Radar Online posted the transcript, and it is rife with
misogyny and distorted views about women. In referring to oral sex, Wiener
tells her, “You will gag on me before you c** with me in you” and “[I’m]
thinking about gagging your hot mouth with my c***.” This is not about sex.
It’s about dominating and inflicting physical pain on a woman, a fantasy the hard-core
porn industry makes billions of dollars on selling to men. You don’t want to
gag a woman with your penis unless you have some serious issues with the way
you see women. As for his
other views of women, he tells her, “I hear liberal girls are very, uh,
accommodating of other[s],” playing on a bogus stereotype that politically
liberal women are promiscuous. When he asks the woman, who is Jewish, “You give
good h**d?” and she says yes, he exclaims: “Wow a Jewish girl who sucks c***!
this thing is ready to do damage.” ‘ [ What a total mental case! ] Even Mr.
Milbank weighs in: ‘ The
Weiner roast Congressman
finds himself in a fight he does not relish.’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec
liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings, Volkman Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has
promised to hold Wall Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Syria on
the Boil, US Warship in Black Sea Seldom it is that the Russian Foreign Ministry chooses a Sunday to issue a
formal statement. Evidently, something of extreme gravity arose for Moscow to
speak out urgently. The provocation was the appearance of a United States
guided missile cruiser in the Black Sea for naval exercises with Ukraine. Lawmakers
push for a new Afghan strategy
Congressional leaders are urging President Obama to take full advantage
of progress achieved by narrowing the focus of the Afghan mission. (Washington Post) [ It seems they’ve taken
Robert Browning to heart; viz., that ‘a man's reach should exceed his grasp’ (from a poem by Robert Browning ). Indeed, they
search for that ever elusive thing called ‘strategy’ vis-ŕ-vis the so-called
‘Afghan mission’ for the umpteenth time. For them, this is but a ‘mission
impossible’ as a strategy implies method to this reality of their madness. The
heroin trade which they’ve ramped up (the Taliban had all but eradicated same)
and commandeered as their own has been reason enough; yet, fog of war creates
many opportunities for the american criminals despite the defacto bankruptcy of
the nation. So, for the war criminal americans, reality certainly falls within
the ambit of beyond their grasp. Though having but 5% of the world’s
population, the u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america
also spends more on military than all the nations of the world combined... fed
employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are included
in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t
think so! I do believe that both nations are regressively but nostalgically
trying bring the world back to failed geopolitical paradigms that made the 20th
century the bloodiest century, not coincidentally the american century
(obviously for israel the latter half century). Yet, such a conditioned
psychopathic approach to global matters has led them self-destructively,
self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs,
extinction, at least in a manner of speaking. Global information exchange at
lightning speed has made such throwbacks to a lost era, propaganda, and
maladaptive traits foolish at best, deadly at worst. Intelligent people
worldwide aren’t buying the obsolete, Orwellian approach fostered by the
purveyors of global unrest; viz., israel, america, Orwellian england, etc..;
more specifically, diversion of the masses from the glaring failures of
leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has
promised to hold Wall Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Where are
the guillotines in Washington? The Obama administration is following the Bush and Clinton administrations
by advancing the destruction of America’s legal and political system, spreading
the criminal war on terror, and helping private banksters rob the American
people. Anonymous: Bernanke Is
Next The most well-known
hacker group, Anonymous, uploaded a video message to youtube yesterday calling
for Fed Reserve Chairman Ben Bernanke to resign, among other things. ‘Toxic
water overflow looms at Fukushima, leaks threaten clean-up’ James Corbett, Osaka-based editor of the independent news
website, says workers at the Fukushima nuclear plant are running out of the
ability to store radioactive water – meaning any leak may slow the recovery effort,
or even undermine it. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of the money owed to cover future
liabilities in entitlement programs the US is actually in worse financial shape
than Greece and other debt-laden European countries, Pimco’s Bill Gross told
CNBC Monday.
Student Loans and DOE S.W.A.T. Teams Wendy McElroy | None of us will know the true collective power of the federal
government until it is breaking through our own doors. NATO Reportedly Bombs Libyan University Kurt Nimmo | Corporate media continues to insist NATO bombs only kill officially
declared bad guys.
Defense
innovation for a new era A new business model at DoD? The Defense Department needs
to break its Cold War habits and start investing in the right innovations
(Washington Post) [ First of all, defense is not business. Investing? Cold war
habits? What’s Mr. Johnson been smokin’? It’s longing for their funding during
the cold war and misguided, costly perma hot war habits that’ve been
problematic. After all, the nation is defacto bankrupt (and what about those
360 tons of $100 bills flown into Iraq that disappeared, etc.). Debt-reduction
talks gain speed VP (Lobotomy
Joe) Biden and congressional negotiators agree to pick up the pace of
debt-reduction talks in hopes of presenting the framework of an agreement to
President Obama and congressional leaders by the end of the month (WP) [ Sounds
like a plan! Poll:
Americans torn over debt limit POST-ABC NEWS POLL | A large
majority say the economy would probably suffer serious harm if Congress fails
to raise the federal debt limit. But barely half support doing so, even if
lawmakers also slash spending. (WP) [ I think we’re at that point alluded to by
Davis; viz., Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF
CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this
low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding / Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued …only time the markets have been more
overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This is an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! Remember: ‘Sell in May and go away! ‘ Stock
Market: 4 Current Warning Signs Navin ‘…1) The
5-year high in the level of insider corporate stock sales is telling. At 565
sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some
of their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.]
High-Level
American Officials Admit that the United States Uses False Flag Terror … And
Warn of Future Attacks FBI agents and
CIA intelligence officials, constitutional law expert professor Jonathan
Turley, Time Magazine, Keith Olbermann and the Washington Post have all said
that U.S. government officials “were trying to create an atmosphere of fear in
which the American people would give them more power”.
Worst
Market In Nine Years Spells Worsening Woes at Forbes Robert
Lenzner StreetTalk ‘We broke
through 12,000 on the Dow today in the climax to the worst week in 9
years. It was also the 6th straight week of stock declines– widely
understood to be a sign of what’s to come in the economy. Even Apple, the
darling of the tech world, sold off every day this week– even in the face of
Steve Jobs introduction of the “cloud” storage of all our social media and
entertainment software.All this hasn’t punctured the wishful thinking at the Fed
and on Wall Street, where corporate profits are expected to prove
stock prices are too cheap. Here’s the list of the wishful thinking
items I heard or read today;
*There won’t be a default on US debt– or even a reduced
credit rating. I have to admit a gnawing anxiety about resolving budget
cuts sufficient to raise the debt limit by trillions. Yes, trillions.
Could there really be a political stalemate and flirtation with a crisis over our
finances? I’m beginning to think the worst of all possible worlds. China and
Germany are looking to reduce our credit rating. Comes the revolution, an
overthrow of American financial superiority.
*Oil prices will decline and that development
will allow consumers to spend money and stimulate the economy. Maybe they will–
and maybe they won’t. Rules should installed to limit speculation in energy
futures by institutional investors.
*We are close to a bottom in housing. My answer; we’ve
been told we were close to a bottom for many months now– and it’s
an absurd notion. Yale’s Schiller is suggesting the loss in housing values
could be another 10-20%. Goldman Sachs called this horror story over a year
ago.
* If the economy doesn’t pick up, Fed Chief Bernanke will
declare QE3. Except that QE2 failed to create jobs or economic activity. It
only served to help speculators in gold, silver and oil. There will be an
outcry if QE3 is declared as it only helps the gold lovers– and they are
already filthy rich.
* The bank stocks are selling below book value; their
balance sheets are clean. It’s an enormous buying opportunity. Then, why was
there talk about busting up Morgan Stanley today. Liquidating a major
investment bank? Now, that’s a devilish sign of serious trouble on the
horizon.
*Here’s the most unhealthy element that’s operative;
corporate profits and executive compensation have been strong– while wages for
ordinary Americans are lower. “What is to be done?” asked Lenin in 1917.
Neither the White House nor Wall Street know what to do to turn this decline
around.
We are all being challenged by a deterioration that seems
to have no obvious public policy solution. Pain is coming.’
15 Reasons Markets Cracked Below Critical Trading Levels Wall St Cheat Sheet June 11, 2011, Dow 11,951
S&P500 1,270 Nasdaq 2,643 Gold 1,532 Oil 99
‘Markets were range bound Monday through Thursday until
taking a dive Friday. Oil ( NYSE:USO ) couldn’t stay above $100 a barrel. Gold ( NYSE:GLD ) and Silver ( NYSE:SLV ) shed a few points as the US Dollar ( NYSE:UDN ) had a little rally.
Fresh Off the Press: Wall
St. Cheat Sheet’s newest Feature Trades of the Month !
Now, for the 15 reasons markets moved this week:
Monday
1) Banks spooked a low volume market. Famed
investors John
Paulson and David Tepperare offloading their holdings in financial
institutions . Bank of America ( NYSE:BAC ) and Citigroup ( NYSE:C ) are still under major scrutiny for their books. And,
Goldman Sachs ( NYSE:GS ) can’t shake the threat of major lawsuits. All that was
enough to put financials ( NYSE:XLF ) in a tailspin for the day.
2) Apple WWDC took center stage. Tech titan Apple ( NASDAQ:AAPL ) announced all their big new items for
the acolytes. iCloud, iTunes Match, and the new iOS 5 were all stars of the
show. We covered the event live
in detail , then put together your
Cheat Sheet to everything you need to know about WWDC .
3) Airlines and Autos were a major drag. The International
Air Transportation Association offered up bad news as profit
outlooks were slashed due to the disaster in Japan ( NYSE:EWJ ), the Grimsvotn volcano , and rising
fuel costs ( NYSE:USO ). On the ground, General Motors ( NYSE:GM ) hit fresh 52-week lows, down 1.92% to $28.56.
Tuesday
1) Bernanke admitted the economy was slowing. Well, he
admitted it then said he thinks growth will be back soon. Don’t worry, soon.
Although lustful traders were hoping for some huge QE3 announcement, Bernanke
still gave us more QE 2.5 where the Fed will continue buying securities and
accommodating the financial markets as needed. Can someone say, ZIRP?
2) E3 took the baton from Apple. Yesterday Apple held the
tech spotlight, but today the exciting video game sector was front and center.
Microsoft ( NASDAQ:MSFT ), Sony ( NYSE:SNE ), Nintendo and all the big game makers started pulling
back the curtain on what gamers will die for during the holiday season (Check
Out: E3
Wrap Up. And the Winners are … ). That’s 180 degrees away from former
tech darling Research in Motion ( NASDAQ:RIMM ) which
keeps crashing and burning .
3) Another Economic Advisor gone. Austan Goolsbee will be
leaving his position as chairman of the White House’s Council of Economic
Advisers. Wall St. Cheat Sheet Assistant Editor Emily Knapp explores the deeper
question, “ Why
is Obama’s Economic Team Bailing Out? ”
Wednesday
1) OPEC. Crude ( NYSE:USO ) had been down the last few days in anticipation of OPEC
increasing the cap on production. But this morning when they decided to
maintain production restrictions at current levels, it was the only big
financial news release, so oil futures skyrocketed while everything else
remained relatively still. See
Why It’s All About That Texas Tea.
2) Tech has been unimpressive, at best. With no really
big news or cool new gadgets coming out of Apple’s ( NASDAQ:AAPL ) Worldwide Developers Conference, Nokia
( NYSE:NOK ) continuing its downward spiral, the legality of the
AT&T’s ( NYSE:T ) buyout of T-Mobile still being debated, and a host of
unimpressive numbers from companies like Microsoft ( NASDAQ:MSFT ) and LinkedIn ( NYSE:LNKD ), the usually booming tech sector has been taking a bit
of a vacation this week.
3) The Beige Book. The Federal Reserve released the Beige
Book this afternoon, a snapshot of the country’s economic condition.
Unsurprisingly, we’re not doing that great. Progress has slowed in just about
every sector while many companies are facing higher input costs, passing them
on to consumers in the form of higher prices. Nothing dampens the market like
reminding people just how bad things are.
Thursday
1) Economic Indicators. This morning data from the
Federal Reserve showed the trade
deficit is narrowing . That got markets off to a good start. The positive
news was followed up by better than expected wholesale inventory reports and
significant decreases in consumer debt. Not all good news on the macro-economic
front though as initial
jobless claims were slightly worse than expected and the Fed reported a
missing $6.6
trillion dollars in consumer wealth since 2007.
2) Mining and Agriculture led the way. In spite of
reports that corn ( NYSE:CORN ) reserves are at the lowest levels since the 1970s,
Mining and Agriculture ( NYSE:RJA ) stocks largely out-performed the market today. A report
from PriceWaterHouseCoopers indicating revenues in mining companies are
shooting “ through
the roof ” sparked the bulls in the sector, and stocks such as Deere & Company
( NYSE:DE ) and Mosaic ( NYSE:MOS ) posted big daily returns.
3) The Financial Sector took a breather. Bruised and
battered financials ( NYSE:XLF ) finally took a day off from losses, with the
sector also out-performing the market on the day. Bank ( NYSE:KBE ) stocks were up across the board in spite of new pending
lawsuits for Morgan Stanley ( NYSE:MS ) and Goldman-Sachs ( NYSE:GS ), and a hacker-assault on Citigroup ( NYSE:C ) that compromised information of over 200,000 customers.
Income from banks’ debit card transaction fees is also set to take
a big hit when the Dodd-Frank reforms go into effect next month, but analysts
believe those estimates have already worked their way into pricing.
Friday
1) Oil Production is up. Saudi Arabia curbed oil supply
fears later in the day by announcing they would step to the plate and up oil
production significantly. The drop in oil prices was somewhat extreme given
yesterday’s data that for the first time in history oil
consumption outpaced production in 2010.
2) Dollar prices firm. The dollar ( NYSE:UUP ) finished the day up 1.23% versus the Euro, + .05%
versus the Yen, and +.09% against the Pound. Currency values surged on news
that QE3 probably isn’t coming anytime soon. The same news also sent investors
into a panic and prompted stock sell-offs.
3) Bad news overseas. A number of reports of weak
economic data came in today from across the pond in England ( NYSE:EWU ), where UK manufacturing output was significantly lower
than expected. Worries continued to swirl amid default concerns related to
Greek Debt and ECB offered little reassurance. News from Asia was crappy too as
Chinese markets ( NYSE:FXI ) were growing slower than expected and a trade surplus
was below-par level expectations, Korean bank ( NYSE:EWY ) raised its interest rates, and industrial production
slowed in India ( NYSE:IFN ). The aggregate news combined to put a damper on the
market…’
Minyanville's
T3 Weekly Recap: Market Extends Weekly Losing Streak to 6 at Minyanville
Top
3 Reasons Markets Faltered as Dow Dips Below This Psychological Level Wall St. Cheat
Sheet
Is the Stock
Market Signaling a Double-Dip? ETFguide Simon
Maierhofer, June 10, 2011, Over the past
few weeks various economic indicators have been building a coffin for the U.S.
economy. Could Friday's unemployment figures be the last nail?
Before we entertain the much dreaded D-D word (Double
Dip), let's take a look at some of the economic numbers and see if it's really
that bad.
Housing Market
May's data for housing was all bad. It started out with
weak housing starts reported on May 17 and continued with worse than expected
pending home sales (May 27) and an S&P/Case-Shiller Home Price Index that
dipped to the lowest level since March 2003.
The discrepancy between the performance of real estate
(NYSEArca: IYR - News ), REIT ETFs
(NYSEArca: VNQ - News ), and the
actual real estate market has long highlighted the absurd power of QE2 to lift
stocks but leave the rest of the economy in the dust.
The chart below shows the performance of the
S&P/Case-Shiller Home Price Index (20-Composite).
http://www.etfguide.com//contributor/UserFiles/8/Image/SPCase-Shiller.gif
Unemployment
This weekend's Wall Street Journal put a positive spin on
the jobless report and simply stated: 'Job market loses momentum.' If you
really look at the numbers, you'll see that the jobless recovery never had any
momentum.
It's taken a lot of lipstick and statistical
alchemy, such as excluding workers that have been out of a job for more than 99
weeks and simply decreasing the workforce, to keep this 'pig' more presentable
than it really is.
Consumer Confidence
Consider this for a moment. In May 2011, small caps
(NYSEArca: IWM - News ) and mid caps
(NYSEArca: MDY - News ) reached an
all-time high. I won't spend time pointing out how contradictory this is to the
global economic (NYSEArca: EFA - News ) picture.
Despite certain segments of the market being at all-time
highs and the Dow Jones (DJI: ^DJI), S&P (SNP: ^GSPC), and Nasdaq (Nasdaq:
^IXIC) at new recovery highs, the Consumer Board's Consumer Confidence Index
was at a dismal 60.8 in May.
http://www.etfguide.com//contributor/UserFiles/8/Image/CCB%20Confidence%20Index.gif
As the above chart shows, the average reading since 1967
is 94.5. The current reading is lower than it was after the 9-11 attacks and
about as low as in 2002. Consumer spending accounts for 75% of GDP. What
happens if the consumer doesn't feel confident?
Worse than Expected
Other worse than expected numbers in May came from the
Empire State Manufacturing Survey, Redbook Retail Survey, Philly Fed Survey,
Durable Goods Orders, GDP, Chicago PMI, and the ISM Manufacturing Report.
They were worse than expected because economists - who
are generally bullish at the top and bearish at the bottom - expected much
better numbers. Thanks to Citigroup, it is now possible to quantify just how right
or wrong economists are.
The Citigroup Economic Surprise Index measures actual
data outcome relative to consensus expectations. A positive index reading means
that economic releases have, on balance, been beating consensus estimates. As
of June 2, the index was at -91 (see chart below).
http://www.etfguide.com//contributor/UserFiles/8/Image/Citigroup%20ESI.gif
Dare to be Different
Unlike most economists, the ETF Profit Strategy
Newsletter expected the market to peak out after an April rally. Following a
low-risk entry against major Fibonacci support at 1,255 in March, the S&P
formed a rare bullish dragonfly doji. The Newsletter's forecast for the month
of April (issued on April 3) read as follows:
'A dragonfly doji generally carries bullish implications.
Considering the overall technical picture and the bullish April seasonality,
higher prices seem likely and odds favor a buy the dips strategy over the next
1-3 weeks. There is a fairly strong Fibonacci projection resistance at 1,369.
In terms of resistance levels, the 1,369 - 1,xxx (reserved for subscribers)
range is a strong candidate for a reversal of potentially historic
proportions.'
The importance of 1,369 was re-emphasized again on May 1,
with a recommendation for aggressive investors to short the S&P against
1,369. Following a 46-month low in the VIX (Chicago Options: ^VIX) on Friday
April 29, the S&P topped on Monday May 1, at 1,370 and hasn't really looked
back since.
Adjusting the Sensors
The purpose of any sensor, gauge, or indicator is to
signal trouble before it happens. A 'Check Engine' light doesn't help much if
it lights up after the engine blows. The proverbial canary in the coal
mine is vital because it smells toxic gases before anyone else does.
Unfortunately, Wall Street doesn't subscribe to the
concept of prevention, and neither do economists. If they did, there wouldn't
have been a 2002 tech crash (NYSEArca: XLK - News ), a 2005
real-estate crash, or a 2007 financial crash (NYSEArca: XLF - News ).
Many economic indicators (and the economy) never really
recovered. Normally this is reflected in stock prices. However, like a muzzle,
QE2 has restrained the stock market from expressing its feelings freely.
Perhaps there is hope that Mr. Bernanke will unleash some
version of QE3, but now is not the time to base investment decisions on hope.
After a 100%+ rally from the 2009 low, the easy money has been made.
Profiting in the years to come won't be a piece of cake
and may require more than the Wall Street Journal's list of 1,000 biggest
stocks and a dart…’
Ron Paul
says inflation will hit 50 percent New Hampshire Union Leader | Inflation
will hit 50 percent in the next couple of years, thanks to the massive debt the
country has accumulated.
Stocks
Fall on Dow’s Longest Slump Since 2002 Bloomberg | U.S. stocks
fell for the sixth straight week, giving the Dow Jones Industrial Average its
longest slump since 2002.
Many
of us won’t be able to retire until our 80s Marketwatch.com | Many
Americans will have to keep on working well into their 70s and 80s to afford
retirement.
Debt-reduction
talks gain speed VP (Lobotomy Joe) Biden and congressional negotiators
agree to pick up the pace of debt-reduction talks in hopes of presenting the
framework of an agreement to President Obama and congressional leaders by the
end of the month (Washington Post) [ Sounds like a plan! Poll:
Americans torn over debt limit
POST-ABC NEWS POLL | A large majority say the economy would probably
suffer serious harm if Congress fails to raise the federal debt limit. But
barely half support doing so, even if lawmakers also slash spending. (WP) [ I
think we’re at that point alluded to by Davis; viz., Davis ‘This is how we pay off our current debts and I think bondholders
are simply happy to get anything out of a country that admits it owes $15Tn
(1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in
the form of unfunded liabilities. The funniest thing about this (and you have
to laugh) is to see Conservative pundits get on TV and talk about how we need
to cut $100Bn worth of discretionary spending to "fix" this (while
continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1%
each year). There is no fixing this and even a Republican said you can’t fool
all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE
CAREFUL OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this
low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares
and pay dividends with what essentially is taxpayer money-- America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog
/ the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year
Harding / Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This is an especially great opportunity to sell /
take profits while you still can since there's much worse to come! Remember:
‘Sell in May and go away! ‘ Stock
Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock
sales is telling. At 565 sells for every 1 buy, it’s never been
higher. Yes, it’s normal for insiders to be selling some of their stocks so
they can buy new yachts and some of this is pre-planned. But that ratio — which
has spiked recently — is extraordinarily high, one might even say
off-the-chart.]
U.S.
trade deficit shrinks A weak dollar drove up exports of goods and services to
record levels. Jobless
claims rise Companies are cutting staff as demand slows because of
tight credit and elevated energy prices. (Washington Post) [ Jobless claims
worse than expected and the glaring absence of the ‘800 pound gorilla’; viz.,
the Japanese auto sector giving an artificial boost to the u.s. auto ‘balance’
is somewhat homologous, not analogous, to a footnote on an income statement for
extraordinary (ie., one time, etc.) items and structurally, nothing has
changed. Kill-Joy
Alert: Economic Data Not as Good As It Seems, Say Analysts at Forbes
6-9-11 Heather Struck ‘ If analysts these days are seeming like “the glass is
half empty” kind of guys, it may be for days like today, when this morning’s
seemingly upbeat economic data are already being met with unenthusiastic
grumbling. A smaller trade gap may be indicative of deeper problems, analysts
are saying, as global events have already seemed to tie into the U.S.’s tenuous
economic recovery.
The data showed that the U.S. trade deficit narrowed to
$43.68 billion in April, a 6.7% drop from the month before. The drop was fueled
by a $3.7 billion drop in oil imports to the U.S., which has been dealing with
higher energy prices. Kevin Logan, chief U.S. economist for HSBC, says this
detail makes the data less a predictor of future growth than it usually would
be.
“Normally an improvement in the trade balance leads to an
increase in estimates of GDP growth in the quarter. But if the trade balance is
improving because of an across-the-board drop in demand for oil products there
should be little impact on GDP growth,” Logan said.
U.S. exports grew 1.8% to $153.3 billion in April, the
Commerce Department said. However, a portion of that may be attributed to plant
closures in Japan following the earthquake and tsunami there, moving
supply-chain momentum to the U.S.
On top of a separate report from the Department of Labor
Thursday that showed that jobless claims were at a two-month low last week (See
“ Jobless
Claims Inch Higher ”), the data nonetheless helped to move markets broadly
up, with the biggest gains in the Dow, which gained more than 1% by 2:00 p.m.
in New York to 12,172. U.S. Treasuries have been falling since the morning,
however, the yield on the 10-year bonds reaching 3.01% after a lengthy streak
below the 3% mark.
To round off the day’s economic news, ECB President
Jean-Claude Trichet used the words that everyone was waiting for – “strong
vigilance” – in a talk Thursday morning, signalling that an interest rate hike
may be coming for the central bank of the EU. The euro, in response, dipped
0.5% against the dollar today to 1.4506.’
Well, it’s official. U.S. stock prices
have fallen for six weeks in a row. So will next week make it seven? The last
time stocks declined for seven weeks in a row was back in May 2001 when the
“dot-com” bubble was bursting.
4 Comments
China
ratings house says US defaulting: report A Chinese ratings house has accused the United States of defaulting on its
massive debt, state media said Friday, a day after Beijing urged Washington to
put its fiscal house in order. Time to take a
chainsaw to spending America is the
largest debtor nation in the history of the world. As the country goes deeper
into the hole, how worried should we be? Congressmen shouldn’t be worried about
our credit rating, says Quantum Fund’s Jim Rogers. The
Handling of the Economic Crisis May Lead to Civil Unrest CNN’s Jack Cafferty notes that a number of voices are
saying that – if our economy continues to deteriorate (which it very well
might) – we are likely headed for violence, and civil unrest is a growing
certainty.
National / World
6
in 10 Americans Now Oppose Obama’s War in Libya The Atlantic | The
president has made himself vulnerable by launching the conflict without
congressional cover.
Globalist
Org Reports 15,000 Dead in Libya Kurt Nimmo | The
corporate media usually dismisses Libyan claims that the NATO terror campaign
is killing innocent civilians.
‘Libyan
gold was globalist game all along’ NATO is continuing its barrage of the Libyan capital, with no sign there
will be any let-up until Colonel Muammar Gaddafi goes. Western and Arab
countries are showing their support for the Libyan opposition by pledging more
money.
Charlie Skelton Reacts to Astounding Bilderberg
Confrontation Footage London Guardian journalist Charlie Skelton reacts to astounding footage
showing Bilderberg members being confronted by irate demonstrators outside the
security perimeter of the Suvretta hotel. Interview With Swiss Politician Dominique Baettig Who
Confronted Bilderberg Infowars | Swiss
Politician Dominique Baettig tells Infowars.com why he has used his position to
officially question the secrecy of the Bilderberg group. Male Prostitutes Service Bilderberg Members at Elite Summit? Paul Joseph Watson | Bilderberg attendees photographed leaving El Paradiso compound
following admission of gay escorts being transported there. Mentally Disabled Man Considered Terrorist by TSA Kurt Nimmo | If you continue to fly, you are to blame for the TSA abusing the
mentally disabled, pregnant women, and children.
Locating
Bilderbergers Infowars.com | On the trail
of an escort who will service Bilderberg members.
Texas
Sheriff’s Office Issues Domestic Terrorism Warning The Bandera County Sheriff’s Office issued a warning
Thursday to citizens about an anti-government movement known for acts of
domestic terrorism. Bilderberg
Behind Rick Perry 2012 Run Texas Governor
Rick Perry is dipping his toes into the 2012 presidential race, coincidentally,
as the Bilderberg conference convenes in St. Moritz, Switzerland. Bilderberg,
notorious kingmakers in the U.S. and Europe, tapped Perry in 2007, inviting him
to the conference meeting in Istanbul and presumably vetting him for higher
office. Has his moment now arrived?
The
Senate’s sound of silence “Quorum calls”
usually do nothing besides fill up empty minutes; this year, there are more of
them. (Washington Post) [ Ah, yes! When
there is complete silence, freedom will ring; after all, they can’t muck up
what they’re not in session to f***up!
Milbank:
Congress clocks in to clock out (Washington Post) [ ‘At 10 a.m. Tuesday morning, the Senate
came to order. Forty-one seconds later, it adjourned. During this legislative
session, there was no bill under consideration, no debate on the floor, not
even an opening prayer or a pledge of allegiance. The only senator in the chamber
was Mark Warner (D-Va.), the presiding officer. ‘After completing his gavel duties, Warner looked up at the 20
tourists in the public gallery and wondered aloud to the clerk what the
spectators must think of the proceedings.“They think, ‘this is our government?’
” the clerk replied. That’s if they’re being charitable. The Senate is supposed
to be in Memorial Day recess this week. But the chamber is so ungovernable that
Majority Leader Harry Reid doesn’t even have the votes to declare a recess. So
he decided instead to have a few “pro forma” sessions, such as Tuesday’s,
allowing senators to take a vacation without voting for it. In a sense, the
Senate has been in a pro-forma session all year…’ Now who’s being charitable …
I’d say Mr. Milbank in his euphemistic description supra as well as his
unflinching defense of wobama the b
(for b***s***) despite wobama’s reneging on virtually all his campaign promises
/ rhetoric to the nation’s unequivocal detriment. Thus, it is indeed Mr.
Milbank, journalistically speaking, who as well clocks in to clock out. Simply
put, wobama is nothing less than the worst of the democratic platform combined
with the worst of the republican platform. At near single digit approval rates
for congress, I find it difficult to imagine a realistic approval rate for
wobama exceeding same. Davis ‘This is how we pay off our current debts and I think bondholders
are simply happy to get anything out of a country that admits it owes $15Tn
(1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in
the form of unfunded liabilities. The funniest thing about this (and you have
to laugh) is to see Conservative pundits get on TV and talk about how we need
to cut $100Bn worth of discretionary spending to "fix" this (while
continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1%
each year). There is no fixing this and even a Republican said you can’t fool
all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE
CAREFUL OUT THERE! ‘ Senate
Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a hard
place called Afghanistan; indeed they are. [ Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Jones
FLASHBACK: Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and
personal testimony, an ex-Justice official who quit over the handling of a
voter intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Ex-NSA
official avoids jail time Accused leaker Thomas Drake will plead guilty to a
misdemeanor; other charges will be dropped. (Washington Post) [ This man
deserved an award or medal while the nation destroying big wall street frauds
have been too connected to fail or jail. The failed story of pervasively
corrupt, defacto bankrupt america. The story of decline and fall of a nation. America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog
/ the grim economic reality [ http://albertpeia.com/grimreality.htm The frauds on wall street et als
should be criminally prosecuted, jailed, fined, and disgorgement imposed … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! ]. Selling
In May Is Very Good Advice This Year
Harding / April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock
sales is telling. At 565 sells for every 1 buy, it’s never been
higher. Yes, it’s normal for insiders to be selling some of their stocks so
they can buy new yachts and some of this is pre-planned. But that ratio — which
has spiked recently — is extraordinarily high, one might even say
off-the-chart.]
Selling
In May Is Very Good Advice This Year
Harding Remember: Sell in May and Go
Away and If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert
Edwards: Thinks the Market Could Fall 70%’ [ He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock
sales is telling. At 565 sells for every 1 buy, it’s never been
higher. Yes, it’s normal for insiders to be selling some of their stocks so
they can buy new yachts and some of this is pre-planned. But that ratio — which
has spiked recently — is extraordinarily high, one might even say
off-the-chart. Minyanville's
T3 Daily Recap: Bearish Close Foreshadows Deeper Correction at
Minyanville
Beating
Obama Should the GOP attack
his leftist ideology or his failed leadership? (Washington Post) [ How about
all of the above and more. Clearly an anti-bush, left-leaning wobama the b (for
b***s***) would have been good for this country and the world had he only done
what he campaigned on and promised to do; yet, he’s been little more than ‘bush
2 or 3’ and not even bush light, and hence, also a failed president. There’s
very little difference between the parties when ‘push comes to shove’. Indeed,
the incumbent ‘comradery’ with an ever vigilant eye toward only staying in
office militates against the courageous action necessary to lessen the
magnitude of the damage they’ve already done and continue to do, both by
misguided action and inaction. … Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Though having but 5% of the world’s population, u.s. has
76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]: Focus
Is on Obama as Tensions Soar Across Mideast (NYT) [ Adapt? I don’t think so!
I do believe that both nations are regressively but nostalgically trying bring
the world back to failed geopolitical paradigms that made the 20th century the
bloodiest century, not coincidentally the american century (obviously for
israel the latter half century). Yet, such a conditioned psychopathic approach
to global matters has led them self-destructively, self-defeatingly, and
ineluctably to decline, fall. .. Orwellian approach fostered by the purveyors
of global unrest; viz., israel, america, Orwellian england, etc.;more
specifically, diversion of the masses from the glaring failures of leadership,
economic and otherwise. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Weiner: What a total mental case! What can you
expect from national sinkhole new york (new york / new jersey metro area).
Jon
Stewart’s cutting Weiner satire
“The Daily Show” host stopped pulling punches and made himself the star
of the story. (Washington Post) [The comedic gift that keeps on giving …‘what’s
in a name?’ On the serious side, it’s a psychoanalytic field day; what a total
mental case! Pressure
ramps up on Weiner to resign
Weiner’s
political survival in doubt
Rebuked by fellow Democrats, the congressman faces a likely House ethics
committee investigation. (Washington Post) [ But his survival as a ‘cyber hot
dog’ is assured. After all, you can’t expect to have everything in this world;
you know, ‘have your hot dog on display and eat it too’. Anthony’s Weiner is
destined to live in infinity; or should I say infamy] New
X-rated Weiner photo hits web... Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec
liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in pervasively
corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ Cummings ,Volkman DEMS
BAILING... Old
Flame Calls on Him to Quit... he transcript of a nine-month
"sexting" relationship Weiner had with a Las
Vegas blackjack dealer . Radar Online posted the transcript, and it is rife with
misogyny and distorted views about women. In referring to oral sex, Wiener
tells her, “You will gag on me before you c** with me in you” and “[I’m]
thinking about gagging your hot mouth with my c***.” This is not about sex.
It’s about dominating and inflicting physical pain on a woman, a fantasy the
hard-core porn industry makes billions of dollars on selling to men. You don’t
want to gag a woman with your penis unless you have some serious issues with
the way you see women. As for his other views of women, he tells her, “I hear
liberal girls are very, uh, accommodating of other[s],” playing on a bogus
stereotype that politically liberal women are promiscuous. When he asks the
woman, who is Jewish, “You give good h**d?” and she says yes, he exclaims: “Wow
a Jewish girl who sucks c***! this thing is ready to do damage.” ‘ [ What a total mental case! What can you expect from national
sinkhole new york (new york / new jersey metro area). ] Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec
liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were routinely
exposed by ‘italians’ in the new york d.a.’s office over the objection of the
FBI, and were promptly ‘dispatched’/assassinated / hit by mafia / organized
crime [ this was documented with authority in the book ‘Goombata: The
Improbable Rise and Fall of John Gotti and His Gang’ Cummings ,Volkman REPORT:
Weiner coached woman to lie... TMZ:
Offered PR help... Dems
Begin Peeling Off... Breitbart
says he has X-rated photo... WHACKED,
NOT HACKED! 'Used govt. resources'... Breitbart:
'I Want To Hear Truth'... 6
'inappropriate' relationships... ABCNEWS:
Mystery Woman Revealed... HER
STORY... Risqué
Online Chats, Photo Swaps... SLIDESHOW... VIDEO:
'Web of lies'... TWITTER TEARS: WEINER ADMITS REPORT:
Woman claims to have 200 explicit messages from NY Dem... IT
MIGHT BE MY WEINER! REPORT:
WEINER'S TALE UNRAVELING... By Daniel Libit Sunday, June
5, 2011 ‘As the world has attempted to make sense of Rep. Anthony Weiner’s
claim that his Twitter account was hacked, a key clue has been missing: exactly
how the notorious groin pic was posted online. But according to data provided
exclusively to The Daily from TweetCongress.org, a nonprofit website that captures
each member of Congress’s Twitter feeds in real time, the shot seen round the
world was transmitted using TweetDeck — a popular Adobe desktop application
that links up with social networking sites. A review of Weiner’s Twitter stream
from May 27, the day of the crotch pic, shows that Weiner had been posting only
from TweetDeck — one of many ways to post messages to Twitter — that entire
night. Chet Wisniewski, a senior security adviser at security software company
SophosLabs, said the TweetDeck stamp “does make it more plausible that it did
come from him.” Weiner used TweetDeck frequently, but he often also posted from
the Web directly or from his BlackBerry. A widely
circulated explanation for how Weiner’s Twitter account could have been
hacked by email would also seem to be incompatible with the fact that the
message in question originated on TweetDeck. If email had been used, the
message probably would have originated via the photosharing site Yfrog, where
the infamous picture was posted …’ [ Weiner admits he sent lewd picture; won't quit (AP) - After
days of denials, a choked-up Rep. Anthony Weiner confessed Monday that he
tweeted a photo of his bulging underpants to a young woman, and he also
admitted to "inappropriate" excha...’ Tearful US congressman admits to crotch photos (AFP) ]'This
Could Be The End For Him'... ’Pot Calls Kettle Black’: Donald Trump Unloads on Anthony Weiner: "He's a Psycho" - Donald
Trump has a new target, and boy does he look pleased. "The fact is,
Anthony Weiner is a bad guy," the Celebrity Apprentice honcho, who
recently decided against running for... 'Have
You Ever Taken A Picture Like This Of Yourself?'... WEINER
CALLS COPS ON CBS WASHINGTON (CBSNewYork) — ‘Congressman
Anthony Weiner said Thursday he’s finished talking about the lewd photo sent
from his Twitter account.But he still wouldn’t say whether
he’s the one in the picture .So CBS 2 political reporter Marcia
Kramer decided to go to his office on Capitol Hill to try to get you some
answers.You’ll never believe what happened.Kramer tried to get an interview
with the six-term New York Democrat and as a result had the cops called on
her.Kramer walked in to Weiner’s office, announced herself as being from CBS 2
in New York City and said she’d like to see the congressman. Those few words
created quite the stir. Doors slammed and people pretended she wasn’t there
...’ Weiner’s
efforts don’t cool furor The congressman
said that he didn’t send a lewd photo on Twitter but also that he couldn’t “say
with certitude” whether the image was of his own crotch. (Washington Post) [ ‘Weiner’s weiner’! ‘Not cool furor’ … how
‘bout just plain ‘not cool’. Eh … what can you expect from national drain /
sinkhole new york (new york / new jersey metro). I haven’t read but probably
agree with the following article: Listen
up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr.
Milbank weighs in: ‘ The
Weiner roast Congressman
finds himself in a fight he does not relish.’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec
liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ John
Cummings (Author), Ernest
Volkman (Author) Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t
think so! I do believe that both nations are regressively but nostalgically
trying bring the world back to failed geopolitical paradigms that made the 20th
century the bloodiest century, not coincidentally the american century
(obviously for israel the latter half century). Yet, such a conditioned
psychopathic approach to global matters has led them self-destructively,
self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs,
extinction, at least in a manner of speaking. Global information exchange at
lightning speed has made such throwbacks to a lost era, propaganda, and
maladaptive traits foolish at best, deadly at worst. Intelligent people
worldwide aren’t buying the obsolete, Orwellian approach fostered by the
purveyors of global unrest; viz., israel, america, Orwellian england, etc..;
more specifically, diversion of the masses from the glaring failures of
leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has
promised to hold Wall Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Germany’s
hard line on Greek bailout Officials are demanding that private
investors contribute a “substantial” amount toward any new bailout. (Washington
Post) [ Private, as in non-Greeks? Demand? Sounds to me like something’s rotten
in the state of ‘euro-mark’ … and in defacto bankrupt america … Obama
Presses Europe, Pledges Help for Greek Crisis CNBC | Obama offers bailout money for Greece. [ Why doesn’t he just send them a u.s.
dollar printing press; you know, one of the old ones since only $100 presses
are used in the u.s. now. Such largesse, as the bankrupt lead the bankrupt.] Albert
Edwards: Bear market could take S&P down to 450 Posted by Prieur du Plessis under Investment , Stocks ‘I have not referred to my friend
Albert Edwards’s views for a while. Given the rather difficult juncture at
which the U.S. stock market finds itself, I thought it opportune to consult
with the big guy over at Société Générale in London. In short, Albert sees that the
structural bear market in equities has not yet reached bottom. “We have long
said that the de-bubbling process would end only when equities become very
cheap and revulsion in equities as an asset class hangs in the air like a fog,”
commented the famed strategist.
“Equity investors are in for a rude
shock. The global economy is sliding back into recession and they are still not
even aware that these events will trigger another leg down in valuations, the
third major bear market since the equity valuation bubble burst. We will return
to the valuation nadir last seen in 1982, with the S&P bottoming around
450.”
Albert is never short of drawing
analogies: Investors’ continued optimism “as the equity bloodbath of the last
decade enters its final, even bloodier phase” reminded him of the Black Knight
in Monty Python & the Holy Grail . “Despite being
grievously wounded by King Arthur, the Black Knight makes light of his injuries
which he dismisses as a flesh wound. The vast bulk of the investment industry
fails to appreciate that we are locked in a structural bear market and about to
enter Act III,” he concluded.’
US
Is Nearing Even Worse Financial Crisis: Jim Rogers Margo D. Beller | The U.S. is
approaching a financial crisis worse than 2008. ‘The U.S. is approaching a financial crisis worse than 2008, Jim
Rogers, chief executive, Rogers Holdings, warned CNBC Wednesday.“The debts that
are in this country are skyrocketing,” he said. “In the last three years the
government has spent staggering amounts of money and the Federal Reserve is
taking on staggering amounts of debt…’
Oil
price rises sharply after Opec meeting collapses in disarray Guardian | Proposal to
increase production rejected by 6 of 12 members.
U.S. Trade
Deficit Unexpectedly Narrows Bloomberg | The U.S.
trade deficit unexpectedly narrowed in April.
Initial
Jobless Claims Rise by 1,000 at TheStreet
US
Trade Deficit Narrows, But Does This Amount Matter? Wall St. Cheat
Sheet
Top 3 Reasons Markets Bounced Back After 6-Day Losing Streak
AAII
Sentiment Survey: Pessimism Spikes Wall St. Cheat Sheet
10
Reasons the Market Pullback Will Continue
Americans Don’t Believe Government Lies: “Forty-Eight
Percent Say That Another Great Depression Is Likely To Occur In The Next Year …
More Than Eight In Ten Americans Say That The Economy Is In Poor Shape” Federal Reserve
chairman Ben Bernanke says that jobs and growth will pick up in the second half
of the year.
10
Signs That Wall Street Is About To Go Into Panic Mode Can you smell the fear? Right now world financial markets
are visibly nervous and many are worried that Wall Street is about to go into
panic mode. Here
It Comes: Obama Considering Another Fiscal Stimulus Bolded bullets aside, good luck passing another fiscal
stimulus Dear President when you can’t even issue debt without stealing money
from government retirees. Senators
seek crackdown on “Bitcoin” currency Two senators are pressing federal authorities to crack down on an online
black market and “untraceable” digital currency known as Bitcoins after reports
that they are used to buy illegal drugs anonymously.
National / World
18
Signs The Collapse Of Society Is Accelerating As the U.S. economy collapses, the thin veneer of
civilization that we all take for granted is going to begin to disappear. In
fact, there are already an increasing number of signs that the collapse of
society is accelerating.
Bilderbergers Build Wall to Hide Attendees Kurt Nimmo | Conniving elitists try to hide behind linen wall stretched around
resort. High Quality Bilderberg 2011 Video & Photos, St.
Moritz Infowars | High quality photos from Bilderberg 2011 at the
Suvretta Hotel in San Moritz taken by Aaron Dykes and the Infowars team. Europe Marches on Bilderberg Tyrants Infowars.com | A large protest against the criminal global elite hidden away in their
exclusive Swiss resort is critical if we are going to send a message of unified
resistance to the New World Order.
Obama
loses bin Laden bounce; Romney on the move among GOP contenders (Washington Post) Steven Pearlstein The Good Mitt had so much potential. The Bad Mitt jeopardizes it by
inartfully pandering to the right wing.
(Washington Post) [ Yeah! I do think Mr. Pearlstein has touched upon an
obscure if not fine line which does indeed undermine faith in the Romney
candidacy. After all, after ‘wobama the b’ (for b***s***) it’s ‘voter beware’
like never before. The pandering to the israeli lobby, zionists, neo-con right
wing is so unctuous and transparent that it substantially undermines his
otherwise ‘desirability factors’ as a candidate. Wobama is a grim reminder of
the damage that not doing as pledged can do to this nation particularly, and
other nations less directly (ie., mideast, euro zone, etc.). As such, for one
to support Romney in light of his indefensible, misguided israeli stance,
they’d be put in the untenable position of believing that he didn’t mean what
he said; or, put another away, that they don’t believe what he said. Romney
says he can heal economy He kicks off
presidential bid by trumpeting his record as a turnaround specialist in
business. (Washington Post) [ Well, he’s certainly not going to do that by
toeing the israeli lobby line as did failed president wobama the b (for
b***s***), despite his recent rhetoric (meaningless coming from wobama the b)
seemingly, but not really in terms of action (he’s literally continued the
perma-war policies of war criminal and moron dumbya bush; ie., Afghanistan,
Libya, etc., Drudgereport: FLASHBACK:
Obama: U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA
FIGHTS FOR HIS RIGHT TO BOMB LIBYA... Deadliest
day this year... WARS
RAGE ON...
U.S.
Dead in Afghanistan Tops 1,500... OBAMA
HITS GOLF COURSE FOR ROUND NO. 70... ON
THE GROUND IN LIBYA
. This despite the defacto bankruptcy of the nation. It is time to tell
the mentally deficient at the pentagon along with other war mongering neocons
that the days of their easy money, fog of war thefts (ie., 360 tons of $100 bills flown into Iraq and ‘disappeared’, etc. ) and nebulously
fat budgets are over. Stated another way, math, economics, and finance count.
I’d say law should count but we all know that’s not the case in meaningfully
lawless america ( The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed). Obama
is committed to Israel (Washington Post) Rahm Emanuel He’s been invested since
his first days in office.{Yes! I do believe this is among the few instances
when emanuel is telling the truth; and, pervasively corrupt, defacto bankrupt
america has the red ink, red blood (of u.s. soldiers), and failed geopolitical
strategy to prove it.}
Robert
Gates: Kucinich move on Libya ‘dangerous’ Politico | Gates says
move to end Libya attack would undermine alliances and military
operations. House
Republicans Kill Kucinich’s Libya Withdrawal Bill FoxNews.com | Yanked from
schedule only after it became clear that it might succeed. { In robert gates’ cia-alice-in-wonderland
world, a failed defacto bankrupt american banana republic with gunboat
diplomacy will do just fine (thank you very much for your wasted tax dollars).
}
Tough
choices in Europe over Greece Greece will need more than $40 billion to keep itself afloat and
sidestep a nightmare scenario: a default by one of the countries that use the
euro. (Washington Post) [ Fait accomplis? I’d say, ‘look homeward hell’s
angels’. After all, we do have near 50
such fiscal basket-cases here in the pervasively corrupt, defacto bankrupt
disunited states. Meanwhile, america / nato are frittering money / resources
away . http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED
THAT THE US HAD KILLED OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME
UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS
THAT OSAMA BIN LADEN ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE WHITE
HOUSE DIDN'T WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED
FORWARD". IT IS POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO
STAGE A "REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED
STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST… Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Though having but 5% of the world’s population, u.s. has
76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]: Focus
Is on Obama as Tensions Soar Across Mideast (NYT) [ Adapt? I don’t think so!
I do believe that both nations are regressively but nostalgically trying bring
the world back to failed geopolitical paradigms that made the 20th century the
bloodiest century, not coincidentally the american century (obviously for
israel the latter half century). Yet, such a conditioned psychopathic approach
to global matters has led them self-destructively, self-defeatingly, and
ineluctably to decline, fall. .. Orwellian approach fostered by the purveyors
of global unrest; viz., israel, america, Orwellian england, etc.;more
specifically, diversion of the masses from the glaring failures of leadership,
economic and otherwise. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Low
hopes for Afghanistan Ryan Crocker didn’t dissuade the
pessimism. (Washington Post) [
Pessimism? How about reality! Think of the most optimal conclusion there as
measured against the cost. Not worth it! And, keep in mind an optimal conclusion
is highly unlikely. Hence, at this precarious point in pervasively corrupt,
defacto bankrupt america’s history, hopes just don’t cut it; and, are wholly
insufficient to justify such costly, ill-founded, misguided policy. Report:
Afghan nation-building effort in peril EXCLUSIVE | Hugely expensive U.S.
effort has had only limited success and may not survive an american withdrawal,
according to the findings of a two-year congressional investigation to be
released Wednesday. (Washington Post) [ Has everybody lost their minds? ‘(Afghanistan) may not survive an american
withdrawal’? How about the reality that Afghanistan might not survive a
continued american presence; and, ditto for the occupiers, viz., defacto
bankrupt america hemorrhaging red ink therefrom and more. I’d call what they’re
doing, ‘nation-destroying’ which reality is not lost on the people affected.… 6th
soldier charged in plot to kill Afghan civilians (WP) Afghanistan’s
Karzai gives U.S. final warning: stop killing civilians Afghan President Hamid Karzai called on the US military
on Sunday to avoid operations that kill civilians, saying it was his “last
warning” to Washington after 14 people allegedly died in an air strike. … Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Though having but
5% of the world’s population, u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]: Focus
Is on Obama as Tensions Soar Across Mideast (NYT) [ Adapt? I don’t think so!
I do believe that both nations are regressively but nostalgically trying bring
the world back to failed geopolitical paradigms that made the 20th century the
bloodiest century, not coincidentally the american century (obviously for
israel the latter half century). Yet, such a conditioned psychopathic approach
to global matters has led them self-destructively, self-defeatingly, and
ineluctably to decline, fall. .. Orwellian approach fostered by the purveyors
of global unrest; viz., israel, america, Orwellian england, etc.;more
specifically, diversion of the masses from the glaring failures of leadership,
economic and otherwise. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Pressure
ramps up on Weiner to resign
A handful of Capitol Hill Democrats call for the New York congressman to
step down. (Washington Post) [ Weiner's
political life dims as lewd photo appears (AP) AP - Embattled New York Rep. Anthony Weiner's
prospects for political survival dimmed precipitously on Wednesday with the
appearance on the Internet of an X-rated photo said to be of the congressman —
and the first calls from fellow Democrats for him to step down. Weiner’s
political survival in doubt
Rebuked by fellow Democrats, the congressman faces a likely House ethics
committee investigation. (Washington Post) [ But his survival as a ‘cyber hot
dog’ is assured. After all, you can’t expect to have everything in this world;
you know, ‘have your hot dog on display and eat it too’. Anthony’s Weiner is
destined to live in infinity; or should I say infamy …] New
X-rated Weiner photo hits web... Weiner:
That's my weiner, too... Another
Weiner Sexter Emerges... POLITICO
on Weiner: 'Dam is breaking'... DEMS
BAILING... Old
Flame Calls on Him to Quit... he transcript of a nine-month
"sexting" relationship Weiner had with a Las
Vegas blackjack dealer . Radar Online posted the transcript, and it is rife with
misogyny and distorted views about women. In referring to oral sex, Wiener
tells her, “You will gag on me before you c** with me in you” and “[I’m]
thinking about gagging your hot mouth with my c***.” This is not about sex.
It’s about dominating and inflicting physical pain on a woman, a fantasy the
hard-core porn industry makes billions of dollars on selling to men. You don’t
want to gag a woman with your penis unless you have some serious issues with
the way you see women. As for his other views of women, he tells her, “I hear
liberal girls are very, uh, accommodating of other[s],” playing on a bogus
stereotype that politically liberal women are promiscuous. When he asks the
woman, who is Jewish, “You give good h**d?” and she says yes, he exclaims: “Wow
a Jewish girl who sucks c***! this thing is ready to do damage.” ‘ [ What a total mental case! ] REPORT:
Weiner coached woman to lie... TMZ:
Offered PR help... Dems
Begin Peeling Off... Breitbart
says he has X-rated photo... WHACKED,
NOT HACKED! 'Used govt. resources'... Breitbart:
'I Want To Hear Truth'... 6
'inappropriate' relationships... ABCNEWS:
Mystery Woman Revealed... HER
STORY... Risqué
Online Chats, Photo Swaps... SLIDESHOW... VIDEO:
'Web of lies'... TWITTER TEARS: WEINER ADMITS REPORT:
Woman claims to have 200 explicit messages from NY Dem... IT
MIGHT BE MY WEINER! REPORT:
WEINER'S TALE UNRAVELING... By Daniel Libit Sunday, June
5, 2011 ‘As the world has attempted to make sense of Rep. Anthony Weiner’s
claim that his Twitter account was hacked, a key clue has been missing: exactly
how the notorious groin pic was posted online. But according to data provided
exclusively to The Daily from TweetCongress.org, a nonprofit website that
captures each member of Congress’s Twitter feeds in real time, the shot seen
round the world was transmitted using TweetDeck — a popular Adobe desktop
application that links up with social networking sites. A review of Weiner’s
Twitter stream from May 27, the day of the crotch pic, shows that Weiner had
been posting only from TweetDeck — one of many ways to post messages to Twitter
— that entire night. Chet Wisniewski, a senior security adviser at security
software company SophosLabs, said the TweetDeck stamp “does make it more
plausible that it did come from him.” Weiner used TweetDeck frequently, but he
often also posted from the Web directly or from his BlackBerry. A widely
circulated explanation for how Weiner’s Twitter account could have been
hacked by email would also seem to be incompatible with the fact that the
message in question originated on TweetDeck. If email had been used, the
message probably would have originated via the photosharing site Yfrog, where
the infamous picture was posted …’ [ Weiner admits he sent lewd picture; won't quit (AP) - After
days of denials, a choked-up Rep. Anthony Weiner confessed Monday that he
tweeted a photo of his bulging underpants to a young woman, and he also
admitted to "inappropriate" excha...’ Tearful US congressman admits to crotch photos (AFP) ]'This
Could Be The End For Him'... ’Pot Calls Kettle Black’: Donald Trump Unloads on Anthony Weiner: "He's a Psycho" - Donald
Trump has a new target, and boy does he look pleased. "The fact is,
Anthony Weiner is a bad guy," the Celebrity Apprentice honcho, who
recently decided against running for... 'Have
You Ever Taken A Picture Like This Of Yourself?'... WEINER
CALLS COPS ON CBS WASHINGTON (CBSNewYork) — ‘Congressman
Anthony Weiner said Thursday he’s finished talking about the lewd photo sent
from his Twitter account.But he still wouldn’t say whether
he’s the one in the picture .So CBS 2 political reporter Marcia
Kramer decided to go to his office on Capitol Hill to try to get you some
answers.You’ll never believe what happened.Kramer tried to get an interview
with the six-term New York Democrat and as a result had the cops called on her.Kramer
walked in to Weiner’s office, announced herself as being from CBS 2 in New York
City and said she’d like to see the congressman. Those few words created quite
the stir. Doors slammed and people pretended she wasn’t there ...’ Weiner’s
efforts don’t cool furor The congressman
said that he didn’t send a lewd photo on Twitter but also that he couldn’t “say
with certitude” whether the image was of his own crotch. (Washington Post) [ ‘Weiner’s weiner’! ‘Not cool furor’ … how
‘bout just plain ‘not cool’. Eh … what can you expect from national drain /
sinkhole new york (new york / new jersey metro). I haven’t read but probably
agree with the following article: Listen
up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr.
Milbank weighs in: ‘ The
Weiner roast Congressman
finds himself in a fight he does not relish.’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec
liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ John
Cummings (Author), Ernest
Volkman (Author) Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t
think so! I do believe that both nations are regressively but nostalgically
trying bring the world back to failed geopolitical paradigms that made the 20th
century the bloodiest century, not coincidentally the american century
(obviously for israel the latter half century). Yet, such a conditioned
psychopathic approach to global matters has led them self-destructively,
self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs,
extinction, at least in a manner of speaking. Global information exchange at
lightning speed has made such throwbacks to a lost era, propaganda, and
maladaptive traits foolish at best, deadly at worst. Intelligent people
worldwide aren’t buying the obsolete, Orwellian approach fostered by the
purveyors of global unrest; viz., israel, america, Orwellian england, etc..;
more specifically, diversion of the masses from the glaring failures of
leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has
promised to hold Wall Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Albert
Edwards: Bear market could take S&P down to 450 Posted by Prieur du Plessis under Investment , Stocks ‘I have not referred to my friend
Albert Edwards’s views for a while. Given the rather difficult juncture at
which the U.S. stock market finds itself, I thought it opportune to consult
with the big guy over at Société Générale in London. In short, Albert sees that the
structural bear market in equities has not yet reached bottom. “We have long
said that the de-bubbling process would end only when equities become very
cheap and revulsion in equities as an asset class hangs in the air like a fog,”
commented the famed strategist.
“Equity investors are in for a rude
shock. The global economy is sliding back into recession and they are still not
even aware that these events will trigger another leg down in valuations, the
third major bear market since the equity valuation bubble burst. We will return
to the valuation nadir last seen in 1982, with the S&P bottoming around 450.”
Albert is never short of drawing
analogies: Investors’ continued optimism “as the equity bloodbath of the last
decade enters its final, even bloodier phase” reminded him of the Black Knight
in Monty Python & the Holy Grail . “Despite
being grievously wounded by King Arthur, the Black Knight makes light of his
injuries which he dismisses as a flesh wound. The vast bulk of the investment
industry fails to appreciate that we are locked in a structural bear market and
about to enter Act III,” he concluded.’
‘Albert Edwards: Thinks the Market
Could Fall 70%’ [ He’s not alone! PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs Navin ‘…1) The
5-year high in the level of insider corporate stock sales is telling. At 565
sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some
of their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Minyanville's
T3 Daily Recap: Bearish Close Foreshadows Deeper Correction at
Minyanville The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed … an especially great opportunity to sell / take profits
while you still can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding Remember: Sell in May and Go
Away and If You’ve Not Sold by June, You’re a Loon! ‘ Here's
The Proof U.S. Companies Are Taking Jobs Abroad at Forbes Robert
Lenzner StreetTalk ‘The jobs are
going to the foreign affiliates of U.S. companies in far greater numbers than
the jobs that are created for U.S. affiliates of U.S. companies. The proof of
the pudding is in a chart below, recommended to Forbes by the Ewing
Marion Kauffman Foundation in Kansas City, that is recognized as a
fountain of research and ideas about entrepreneurship. The more the
entrepreneurship, the more the jobs, the more the success of the U.S. economy.http://blogs-images.forbes.com/robertlenzner/files/2011/06/lenzners-chart.png Since 1982 the index of jobs going to the foreign
affiliates of U.S. companies has risen some 80% from a low of 100 in 1982
to 180 currently. By comparison, the index of jobs at the U.S. affiliates of
U.S. companies rose from 100 in 1982 to a peak of 130 in 2000–before the
tech bubble and the housing bubble– and in the last decade has fallen back to 110.
This means the number of jobs created by US companies inside the nation has
risen by only 10% over 30 years.
By another comparison, the jobs created by new small
business in the U.S. has increased by 20 million over the 1980-2005
period. We will try to determine if this rate of job creation is continuing.
Obviously, something must be done to reduce the unemployment rate of 9.1%– as
well as the underemployed rate of 15-20%.
Kauffman’s Dane Stangler, director of research, believes
many of these new jobs were created by employees, who lost their
positions at a large company, and t hen went into business for themselves. This
probably won’t be sufficient to dent the unemployment rate today.
Public policy measures like the Fed’s quantitative easing
and the Obama administration’s Recovery Act just did not pack sufficient wallop
to get the job done. “To bring the unemployment rate down, GDP growth
needs to be more rapid,” Christina Romer, former chairman of Obama’s economic
advisors, said recently in a speech. “We need to be adding not 100,000 to
200,000 jobs a month, but more like 400,000 or even 500,000 per month.”
QE2, Romer insisted,”came a year too late,” and the
Recovery Act “wasn’t big enough.” ‘
Beige
Book: Fed's Snapshot Shows Scuffling Economy at
Forbes Steve Schaefer ‘ A day after sweeping remarks from Ben Bernanke that touched
on everything from the economic
soft patch to commodity inflation to bank
regulation , the Federal Reserve released its the Beige
Book for its June 21-22 meeting. The snapshot of economic conditions from the
central bank’s 12 districts supported the chairman’s view of a continuing,
though decelerating, recovery.
Dallas was a bright spot, the lone district to indicate
growth is speeding up, while New York, Philadelphia, Atlanta, and Chicago all
noted slowing growth. Consumer spending turned mixed since the last Beige Book
released April 13, which comes as little surprise as households continued to
feel the pinch of higher prices at the pump even as crude oil eased back below
the $100 threshold ...
The report noted some challenges in auto sales attributed
to supply disruptions from March’s natural disaster in Japan. Automakers like
GM, Ford and Toyota have acknowledged the impact of such disruptions, but the
effect is likely temporary.
There was nothing to write home about in the housing
portion of the report, as Fed districts reported “widespread weakness” in
residential construction and real estate, though rental housing conditions have
strengthened and let to a pickup in development. Loan demand was steady to
stronger, the Fed says, amid broad improvement in credit quality, which should
come as little surprise given the massive post-crisis deleveraging undertaken
by households and businesses that continues apace.
Other segments of the Beige Book offered further
confirmation of trends that are well-established. Manufacturing growth
continues, but at a slower pace, the labor market is lackluster at best and
companies are facing challenges in passing along higher input prices – like
oil, agricultural commodities and industrial metals – to customers.
The release of the Beige Book comes with U.S. stocks
trying, and failing to break a losing streak. Ninety minutes to the close the
major indexes were near session lows with the Dow Jones industrial average off
12 points at 12,059, the S&p 500 4 points at 1,281 and the Nasdaq 23 points
at 2,679.
Earlier Wednesday, concerns of slower growth continued to
surface in the government bond market as an auction of $21 billion in 10-year
Treasury notes drew a yield of 2.97% amid strong demand. The rate was the
lowest since November.’
Oil's
Path Is Only Up From Here: Analyst at Forbes Heather Struck ‘ After OPEC’s
production talks in Vienna broke down Wednesday the door is likely open to
continued high oil prices, and strengthening demand is only helping to put
further pressure on crude oil’s record levels this year.
In May Saudi Arabia boosted its output by 450,000
barrels a day to 9 million barrels of oil in order to meet supply levels. In
the U.S. demand has been growing robustly, at 19.2 million barrel per day.
Energy stocks are seeing gains for two Dow components – Exxon Mobile and Chevron – which were up 2% and 1% respectively Wednesday.
While gasoline and energy push up demand at a robust
pace, supply is facing headwinds. Libya has ceased production while its nation
undergoes a forceful change of leadership, and Russia’s production is spotty.
“Production is going to be erratic for the rest of the
year” says Amrita Sen, an energy analyst for Barclays Capital. There will
pockets of weakness in the Middle East and China, and there will be pockets of
strength in the U.S., Canada and Brazil.
If oil prices were going to be stabilized through
production levels, it would have been at the OPEC meeting today, where Middle
Eastern nations such as Iran and Saudi Arabia argued over politics. After the
talks failed, “everything is [up to] Saudi Arabian policy,” according to Sen.
In a May 26 note, Sen said the OPEC meeting would be a
test for oil prices for the remainder of the year
The trigger for
the next move higher, in our view, could be the upcoming OPEC meeting on June
8, where the lack of a proactive approach to mitigating the shortfalls in the
market could serve to significantly tighten balances.
Investors
seemed to take that possibility into account Wednesday, as West Texas
intermediate crude moved up 1.8% to $100.85 a barrel, while Brent crude eased
slightly from the day’s high, landing at $117.85.’
Top
3 Reasons Markets were Down While OPEC Pushed Oil Up Wall St. Cheat
Sheet June 8, 2011, 5:13 pm EDT
Markets closed down on Wall Street: DJI -0.18% SP500
-0.42% Nasdaq -0.97% Gold - 0.41% Oil 2.05% .
On the commodities front, Oil ( NYSE:USO ) rocketed up past $100 a barrel after OPEC decided not
to increase a cap on oil production, while precious metals were down with
Gold ( NYSE:GLD ) ending regular trading down 0.41% and Silver ( NYSE:SLV ) down 0.25% at close…
Today’s markets were mixed because:
1) OPEC. Crude ( NYSE:USO ) had been down the last few days in anticipation of OPEC
increasing the cap on production. But this morning when they decided to
maintain production restrictions at current levels, it was the only big
financial news release, so oil futures skyrocketed while everything else
remained relatively still. See
Why It’s All About That Texas Tea.
2) Tech has been unimpressive, at best. With no really
big news or cool new gadgets coming out of Apple’s ( NASDAQ:AAPL ) Worldwide Developers Conference, Nokia
( NYSE:NOK ) continuing its downward spiral, the legality of the
AT&T’s ( NYSE:T ) buyout of T-Mobile still being debated, and a host of
unimpressive numbers from companies like Microsoft ( NASDAQ:MSFT ) and LinkedIn ( NYSE:LNKD ), the usually booming tech sector has been taking a bit
of a vacation this week.
3) The Beige Book. The Federal Reserve released the Beige
Book this afternoon, a snapshot of the country’s economic condition.
Unsurprisingly, we’re not doing that great. Progress has slowed in just about
every sector while many companies are facing higher input costs, passing them
on to consumers in the form of higher prices. Nothing dampens the market like
reminding people just how bad things are.’
Bernanke:
Economy slowing but faster growth ahead - AP [ Well, there you go … the
new maestro, ‘no-recession-helicopter-ben b.s. bernanke’, has covered
all his bases; yes, the economy’s slowing but as well, faster growth ahead.
Nothing to worry about now in this ‘non-zero sum game’; after all, either / or
he’s gotta’ be right … wrong!
The
GOP’s deficit demands Sen. Jon Kyl
offers the most specific outline yet of Republicans’ conditions in the
debt-ceiling talks. (Washington Post) [Moody’s:
U.S. credit rating at risk Agency warns of
a possible credit rating downgrade if a debt-ceiling deal cannot be reached.
(Washington Post) [ I’d say, as is true of their performance in the last phase
of this ongoing crisis, they are so typically late to the party. After all,
pervasively corrupt america is already defacto bankrupt. House
rejects debt ceiling increase
The 317-to-98 vote was a bipartisan rejection of extending the nation’s
current debt limit of $14.3 trillion unless major spending reductions accompany
the legislation. (Washington Post) [ Well, perish the thought that increases in
liabilities should be commensurate with decreases in liabilities to maintain a
… balance … sheet? At this point, who’s counting? After all, are there really
degrees of defacto bankruptcy? Or, an either / or absolute state; viz., you are
or you’re not defacto bankrupt. Pervasively corrupt, defacto bankrupt america
is in fact defacto bankrupt! … Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press” climaxed Sunday with a startling market
prognostication from David Brooks, conservative columnist for the NY Times . The risk of a debt default over the
combustible issue of the Medicare deficit hangs over the course of the stock
market. Buyers Beware!“I was up in Wall Street this week,” Brooks said.
“They’re vastly underestimating the source of piolitical risk here. We could
have a major problem, I think, either this summer or the next couple years. And
I’d be worried about investing too much in the market. That’s my financial
advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a
devastating long-term economic decline..’ ]
States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall
street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed), and have used the mideast turmoil to obfuscate their failure. Davis ‘This is how
we pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE OF
CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this
low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares
and pay dividends with what essentially is taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog
/ the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year
Harding / April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock
sales is telling. At 565 sells for every 1 buy, it’s never been
higher. Yes, it’s normal for insiders to be selling some of their stocks so
they can buy new yachts and some of this is pre-planned. But that ratio — which
has spiked recently — is extraordinarily high, one might even say
off-the-chart.]
OPEC
Talks Break Down, No Deal to Lift Oil Supply OPEC talks broke down in acrimony on Wednesday after Saudi Arabia failed
to convince the cartel to lift production, sparking a rebound in global oil
prices. Asleep at the wheel During a press conference with German Chancellor Angela
Merkel, President Obama stated, “I’m not concerned about a double-dip
recession. I am concerned about the fact that the recovery that we’re on is not
producing jobs as quickly as I want it to happen.” Obama’s Failure to Fill
Economic Posts Is an Unforced Error - Daniel Gross,
Y! Finance The ultimate failure to fill key posts in important
agencies is its own goal, an unforced error, a self-inflicted wound.
Fine
Print of Goldman's Subprime Bet - Andrew Ross Sorkin, NYT
Timothy
Geithner, the persuader Many wondered if Geithner would last. Now he’s a central
figure in Obama administration. (Washington Post) [ The persuader? Yeah,
anything but what tiny tim’s supposed to be … because … nothing succeeds like
failure in pervasively corrupt, defacto bankrupt america. After all, central
figure in wobama’s administration doesn’t say much … Obama's rating on economy hits new low: poll (Reuters) Obama: No fears of double-dip recession (AP) [He’s so ‘brave’,
he has no fear; and, after all, look at all his wars … yet, reality proves he’s
all b***s***, that ‘wobama the b’(for b***s***). Daily
economic briefings disappear from Obama’s White House schedule (I personally believe wobama doesn’t
understand economics.) Madoff
employee pleads guilty Documents charged Eric Lipkin, a former employee, with
helping Madoff perpetrate his epic Ponzi scheme. (Washington Post) [ ‘Tiny
taters’! Yet, there are loads of such fraudulent interrelationships on
fraudulent wall street, part and parcel of the last and ongoing ubiquitous
fraud; albeit too big to fail or jail despite intimations to the contrary. Goldman
Sachs subpoenaed Report says firm’s mortgage-related investments enabled
the company to profit while clients lost money. (Washington Post) [ Their stock
was down. Why? No mystery there on fraudulent wall street that they’ve got
plenty to hide; and, certainly far more beyond the scope of the subpoena. The frauds on wall
street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed … an especially great opportunity to sell / take profits while you still
can since there's much worse to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s
Blog/ Roche 'The worst part of it
...Obama, who vowed change, has done almost nothing to fix any of it and
in fact continues most of the policies that helped get us here in the first
place’ ‘INSIDE JOB’
Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in
the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in
hand that not one high level wall street exec has been prosecuted … despite
‘earning’ billiions from the fraud ) . UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and
personal testimony, an ex-Justice official who quit over the handling of a
voter intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has
promised to hold Wall Street accountable for the meltdown.
‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Scam
artists run amok Double-digit
profits in one day from short-sale investing? It’s a sign of fraud, not market
savviness. (Washington Post) [ Wow! Separating the wheat from the chaff in
terms of fraud on wall street is, owing to pervasiveness, a job that even Mr.
Phelps of ‘Mission Impossible’ fame couldn’t handle. After all, what isn’t
fraudulent on wall street today? Nothing … nada … zed … zero. Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar (sic – lawyer) is one of those
typically with a ‘pre or post’ arrangement, whether implicit or explicit; you
know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt,
fallen america. Indeed, the scenario
typifies that national drain / sinkhole new york (new york / new jersey metro)
where, for example, FBI informants were routinely exposed by ‘italians’ in the
new york d.a.’s office over objection of the FBI, and were promptly
‘dispatched’/assassinated / hit by mafia / organized crime [ this was documented
with authority in the book Goombata: The Improbable Rise and Fall of John Gotti
and His Gang John
Cummings (Author), Ernest
Volkman (Author) Though having but 5% of the world’s population, u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Bernanke:
Setbacks are temporary Fed chairman
suggests economy will accelerate as year progresses despite recent signs of weakness. Poll:
Obama hits new lows on economy (Washington Post) [ Oh really? Like the
‘no-recession’, helicopter ben? One thing is certain and not temporary; viz.,
the gains for the frauds on wall street at great expense to all from the failed
policies as noted by analyst Andy Bove: ‘Bove also took a hard shot at the
Fed’s Quantitative Easing program calling it “a miserable failure.” ‘
Housing
prices fall 'beats Great Depression slide'... Meredith Whitney Adds 10 New States To Her Sh*t List Bess
Levin Bove:
Fed Is Clueless On Bank Regulations at Forbes Halah Touryalai [ ‘..QE2 was a boondoggle for investors in financial instruments
but had no impact on the economy ‘ . Yeah! Boondoggle, fraud, ongoing fraud /
coverup in the trillions (The Real “Margin” Threat: $600
Trillion In OTC Derivatives, A Multi-Trillion Variation Margin Call, And A
Collateral Scramble That Could Send US Treasurys To All Time Records… ) … I’d say
that’s putting it mildly. ] ‘A speech
on Friday by Federal Reserve Governor Daniel Tarullo has bank analyst Dick Bove
up in arms…
From the note:
The suggestions
being made indicate that the Fed has no understanding:
Of what caused the financial collapse The current structure of the banking industry’s
balance sheet How banks interact with the economy Why QE2 was a boondoggle for investors in financial
instruments but had no impact on the economy …’
Dave's
Daily 'If you can keep interest rates this
low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares
and pay dividends with what essentially is taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog
/ the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year
Harding / April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This is an especially great opportunity to sell /
take profits while you still can since there's much worse to come! Remember:
‘Sell in May and go away!
Minyanville's
T3 Daily Recap: Bearish Close Foreshadows Deeper Correction at
Minyanville The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed … an especially great opportunity to sell / take profits
while you still can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding Remember: Sell in May and Go
Away and If You’ve Not Sold by June, You’re a Loon! Bernanke:
Economy slowing but faster growth ahead - AP [ Well, there you go … the
new maestro, ‘no-recession-helicopter-ben b.s. bernanke’, has covered
all his bases; yes, the economy’s slowing but as well, faster growth ahead.
Nothing to worry about now in this ‘non-zero sum game’; after all, either / or
he’s gotta’ be right … wrong! Wanted:
Economic policymakers There is a void atop much of the financial arms, with
about a dozen senior positions vacant. (Washington Post) [ How about just
stating as appropriate, there’s a huge void, period. These people, from
‘no-recession-helicopter-ben b.s. bernanke’, to ‘tiny tim geithner’, to ‘wobama
the b (for b***s***)’, to congress, to high,mid,lower level federal employees,
to u.s. executives, etc., haven’t the slightest idea what they’re doing, or
what to do. But, they do know how to throw a great fraud on wall street! Drudgereport: TEMPLETON
chairman: Financial Crisis 'Around Corner'... 'WE
ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...' ECONOMIC
'HORROR' AS DATA PLUNGES Dow
Has Longest Weekly Slump Since '04... Housing
prices fall 'beats Great Depression slide'... Meredith Whitney Adds 10 New States To Her Sh*t List Bess
Levin Bove:
Fed Is Clueless On Bank Regulations at Forbes Halah Touryalai [ ‘..QE2 was a boondoggle for investors in financial instruments
but had no impact on the economy ‘ . Yeah! Boondoggle, fraud, ongoing fraud /
coverup in the trillions (The Real “Margin” Threat: $600
Trillion In OTC Derivatives, A Multi-Trillion Variation Margin Call, And A
Collateral Scramble That Could Send US Treasurys To All Time Records… ) … I’d say
that’s putting it mildly. ] ‘A speech
on Friday by Federal Reserve Governor Daniel Tarullo has bank analyst Dick Bove
up in arms…
From the note:
The suggestions
being made indicate that the Fed has no understanding:
Of what caused the financial collapse The current structure of the banking industry’s
balance sheet How banks interact with the economy Why QE2 was a boondoggle for investors in financial
instruments but had no impact on the economy…’
National / World
Weiner's
political life dims as lewd photo appears (AP) AP - Embattled
New York Rep. Anthony Weiner's prospects for political survival dimmed
precipitously on Wednesday with the appearance on the Internet of an X-rated
photo said to be of the congressman — and the first calls from fellow Democrats
for him to step down. Weiner’s
political survival in doubt Rebuked by fellow Democrats, the congressman
faces a likely House ethics committee investigation. (Washington Post) [ But
his survival as a ‘cyber hot dog’ is assured. After all, you can’t expect to
have everything in this world; you know, ‘have your hot dog on display and eat
it too’. Anthony’s Weiner is destined to live in infinity; or should I say
infamy …] High Quality Bilderberg 2011 Video & Photos, St.
Moritz Infowars | High quality photos from Bilderberg 2011 at the
Suvretta Hotel in San Moritz taken by Aaron Dykes and the Infowars team. Europeans to Converge on Switzerland for Bilderberg Protest Steve Watson | Alex Jones has called for activists the world over to descend on the
luxury Suvretta House hotel this Saturday at 12 noon. Breaking: Secret Bilderberg Agenda Leaked by Mole Kurt Nimmo | Alex Jones and Infowars.com have received inside information regarding
the Bilderberg agenda now unfolding in the idyllic Swiss countryside. Bilderbergers May Give Green Light to Mexican Central
Banker as New IMF Boss Kurt Nimmo | Neoliberal
central banker held high-level positions at the Banco de México, World Bank,
International Monetary Fund, and Bank of International Settlements. Obama
Presses Europe, Pledges Help for Greek Crisis
CNBC | Obama offers bailout money for
Greece. [ Why doesn’t he just send them
a u.s. dollar printing press; you know, one of the old ones since only $100
presses are used in the u.s. now. Such largesse, as the bankrupt lead the
bankrupt.]
Report:
Afghan nation-building effort in peril EXCLUSIVE | Hugely expensive U.S.
effort has had only limited success and may not survive an american withdrawal,
according to the findings of a two-year congressional investigation to be
released Wednesday. (Washington Post) [ Has everybody lost their minds? ‘(Afghanistan) may not survive an american
withdrawal’? How about the reality that Afghanistan might not survive a
continued american presence; and, ditto for the occupiers, viz., defacto
bankrupt america hemorrhaging red ink therefrom and more. I’d call what they’re
doing, ‘nation-destroying’ which reality is not lost on the people affected.… 6th
soldier charged in plot to kill Afghan civilians (WP) Afghanistan’s
Karzai gives U.S. final warning: stop killing civilians Afghan President Hamid Karzai called on the US military
on Sunday to avoid operations that kill civilians, saying it was his “last
warning” to Washington after 14 people allegedly died in an air strike. … Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Though having but
5% of the world’s population, u.s. has 76% of the world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]: Focus
Is on Obama as Tensions Soar Across Mideast (NYT) [ Adapt? I don’t think so!
I do believe that both nations are regressively but nostalgically trying bring
the world back to failed geopolitical paradigms that made the 20th century the
bloodiest century, not coincidentally the american century (obviously for
israel the latter half century). Yet, such a conditioned psychopathic approach
to global matters has led them self-destructively, self-defeatingly, and
ineluctably to decline, fall. .. Orwellian approach fostered by the purveyors
of global unrest; viz., israel, america, Orwellian england, etc.;more
specifically, diversion of the masses from the glaring failures of leadership,
economic and otherwise. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Drudgereport: TEMPLETON
chairman: Financial Crisis 'Around Corner'... 'WE
ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION...' ECONOMIC
'HORROR' AS DATA PLUNGES Dow
Has Longest Weekly Slump Since '04... Housing
prices fall 'beats Great Depression slide'... CHICAGOLAND:
Flash Mobs Attack 2 Men... WAR
NO. 4: USA INTENSIFIES SECRET YEMEN AIRSTRIKES Chicago
rapper calls Obama 'biggest terrorist' in US... Poll:
Obama approval rating drops as fears of depression rise... OBAMACARE
GOES TO COURT... Judges
suggest they may be ready to declare law unconstitutional... ...Express
unease with gov't forcing Americans to buy health care Random
mobs run wild in Chicago... TARGET
CITY BUSES... Victims
seriously injured... NYT: SAUDIS SPENDING $7K PER CITIZEN TO AVOID OVERTHROW
OF KINGDOM... DEVELOPING... OBAMA
OFFERS BAILOUT $$ FOR GREECE... POLL:
Only 24% Say They Share President's Political Views... Nearly
half of Americans fear another Great Depression... OPEC
BREAKDOWN, NEW OIL SPIKE... FED:
Economy falters in several US regions... Lack
of buyers may force Treasury to boost interest rates... China
overtakes USA as top energy consumer... Warns
debt-default idea is 'playing with fire'... Fitch
to review US debt rating... TAX
FURY IN ATHENS AS GOV'T FACES DEBT 'Bankrupt'
claim heightens Spanish debt fears... 9.1% MAY JOBS: +54,000... MCDONALD'S
hired half... Fears
stoked of a 'double-dip'... CBO:
True Cost of Fannie, Freddie Bailouts $317 Billion, Not $130 Billion Obama
Claims... Taxpayers
Still Bailing Out Banks... WH:
'Bumps on the road to recovery'... O
gets booed... LET'S
GOLF ABOUT IT China
Divests 97% of Holdings in US Treasury Bills... DOOM:
More Americans Think Economy Will Never Recover... GOP
sees Obama as increasingly beatable... Recovery
Languishing as Americans Await Signal of Better Times... Congress
Delivers Obama 'Stunning Rebuke on Libya'... Weiner
withdraws from speaking engagement... Dow tumbles 280 points... Private Sector Jobs Grew By Only 38,000 in May... Planned Layoffs Up... Manufacturing Slows... MOODY'S:
US Rating Could Be Placed Under Review... Greece
goes further into junk territory; MOODY'S downgrades... AP:
Consumer confidence falls 'unexpectedly' in May... BARONE:
Pro-Obama media always shocked
by bad economic news... Home-price
index at lowest point since 2006 bust... 'Double-Dip'
Even Worse Than Expected... GOLDMAN
SACHS: $5 gas this summer... Number
of federal-owned limousines has soared under Obama... Obama
bailout of GOV'T MOTORS to cost taxpayers at least $14 billion... Obama
solicitor general: Don't like healthcare mandate, earn less money! REPORT:
Senate's 100 members spend $40M for 700 offices nationwide... 7
'NATO troops' killed Thursday were American... British
Health Care Program in Grave Peril... Netanyahu:
Israel cannot prevent UN recognition of Palestinian state... First
ID'ed as 'Int'l Security Assistance Force service members'... Deadliest
day this year... WARS
RAGE ON... U.S.
Dead in Afghanistan Tops 1,500... OBAMA
HITS GOLF COURSE FOR ROUND NO. 70... ON
THE GROUND IN LIBYA Anti-Christian
Violence Continues in Pakistan... UPDATE:
MIAMI 'WAR ZONE' DURING URBAN WEEKEND... 'I
was scared for my life'... Poet
'Da Real One' Gunned Down In Front Of Miami Poetry Cafe... Violent
crime explodes in Myrtle during Black Bike Week; 8-hour hell... Rib
Fest At Rochester beach turns rowdy... Riot
On Long Island... Urban
Melee In Charlotte... Chaos
causes DNC concern for convention... Unruly
urban crowd shuts down Nashville water park... Emanuel
shuts down packed Chicago beach; 'heat-related illnesses'... REPORT:
'Dozens of gang bangers'... TEEN
GANGS UNLEASHED ON BOSTON BEACH WHO: Radiation From Cell Phones Can Cause Cancer... In same category as lead, engine exhaust,
chloroform... VIDEO:
Woman Screams For Help After TSA Molestation... New
X-rated Weiner photo hits web... Weiner:
That's my weiner, too... Another
Weiner Sexter Emerges... POLITICO
on Weiner: 'Dam is breaking'... DEMS
BAILING... Old
Flame Calls on Him to Quit... he transcript of a nine-month
"sexting" relationship Weiner had with a Las
Vegas blackjack dealer . Radar Online posted the transcript, and it is rife with
misogyny and distorted views about women. In referring to oral sex, Wiener
tells her, “You will gag on me before you c** with me in you” and “[I’m]
thinking about gagging your hot mouth with my c***.” This is not about sex.
It’s about dominating and inflicting physical pain on a woman, a fantasy the
hard-core porn industry makes billions of dollars on selling to men. You don’t
want to gag a woman with your penis unless you have some serious issues with
the way you see women. As for his
other views of women, he tells her, “I hear liberal girls are very, uh,
accommodating of other[s],” playing on a bogus stereotype that politically
liberal women are promiscuous. When he asks the woman, who is Jewish, “You give
good h**d?” and she says yes, he exclaims: “Wow a Jewish girl who sucks c***!
this thing is ready to do damage.” ‘ [ What a total
mental case! ] REPORT:
Weiner coached woman to lie... TMZ:
Offered PR help... Dems
Begin Peeling Off... Breitbart
says he has X-rated photo... WHACKED,
NOT HACKED! 'Used govt. resources'... Breitbart:
'I Want To Hear Truth'... 6
'inappropriate' relationships... ABCNEWS:
Mystery Woman Revealed... HER
STORY... Risqué
Online Chats, Photo Swaps... SLIDESHOW... VIDEO:
'Web of lies'... TWITTER TEARS: WEINER ADMITS REPORT:
Woman claims to have 200 explicit messages from NY Dem... IT
MIGHT BE MY WEINER! REPORT:
WEINER'S TALE UNRAVELING... By Daniel Libit Sunday, June
5, 2011 ‘As the world has attempted to make sense of Rep. Anthony Weiner’s
claim that his Twitter account was hacked, a key clue has been missing: exactly
how the notorious groin pic was posted online. But according to data provided
exclusively to The Daily from TweetCongress.org, a nonprofit website that
captures each member of Congress’s Twitter feeds in real time, the shot seen
round the world was transmitted using TweetDeck — a popular Adobe desktop
application that links up with social networking sites. A review of Weiner’s
Twitter stream from May 27, the day of the crotch pic, shows that Weiner had
been posting only from TweetDeck — one of many ways to post messages to Twitter
— that entire night. Chet Wisniewski, a senior security adviser at security
software company SophosLabs, said the TweetDeck stamp “does make it more
plausible that it did come from him.” Weiner used TweetDeck frequently, but he
often also posted from the Web directly or from his BlackBerry. A widely
circulated explanation for how Weiner’s Twitter account could have been
hacked by email would also seem to be incompatible with the fact that the
message in question originated on TweetDeck. If email had been used, the
message probably would have originated via the photosharing site Yfrog, where
the infamous picture was posted …’ [ Weiner admits he sent lewd picture; won't quit (AP) - After
days of denials, a choked-up Rep. Anthony Weiner confessed Monday that he
tweeted a photo of his bulging underpants to a young woman, and he also
admitted to "inappropriate" excha...’ Tearful US congressman admits to crotch photos (AFP) ]'This
Could Be The End For Him'... ’Pot Calls Kettle Black’: Donald Trump Unloads on Anthony Weiner: "He's a Psycho" - Donald
Trump has a new target, and boy does he look pleased. "The fact is,
Anthony Weiner is a bad guy," the Celebrity Apprentice honcho, who
recently decided against running for... 'Have
You Ever Taken A Picture Like This Of Yourself?'... WEINER
CALLS COPS ON CBS WASHINGTON (CBSNewYork) — ‘Congressman
Anthony Weiner said Thursday he’s finished talking about the lewd photo sent
from his Twitter account.But he still wouldn’t say whether
he’s the one in the picture .So CBS 2 political reporter Marcia
Kramer decided to go to his office on Capitol Hill to try to get you some
answers.You’ll never believe what happened.Kramer tried to get an interview
with the six-term New York Democrat and as a result had the cops called on
her.Kramer walked in to Weiner’s office, announced herself as being from CBS 2
in New York City and said she’d like to see the congressman. Those few words
created quite the stir. Doors slammed and people pretended she wasn’t there
...’ Weiner’s
efforts don’t cool furor The congressman
said that he didn’t send a lewd photo on Twitter but also that he couldn’t “say
with certitude” whether the image was of his own crotch. (Washington Post) [ ‘Weiner’s weiner’! ‘Not cool furor’ … how
‘bout just plain ‘not cool’. Eh … what can you expect from national drain /
sinkhole new york (new york / new jersey metro). I haven’t read but probably
agree with the following article: Listen
up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr.
Milbank weighs in: ‘ The
Weiner roast Congressman
finds himself in a fight he does not relish.’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec
liar (sic – lawyer) is one of those typically with a ‘pre or post’ arrangement,
whether implicit or explicit; you know, that ubiquitous ‘bribe thing’ in
pervasively corrupt, defacto bankrupt, fallen
america. Indeed, the scenario typifies that national drain / sinkhole
new york (new york / new jersey metro) where, for example, FBI informants were
routinely exposed by ‘italians’ in the new york d.a.’s office over the
objection of the FBI, and were promptly ‘dispatched’/assassinated / hit by
mafia / organized crime [ this was documented with authority in the book
‘Goombata: The Improbable Rise and Fall of John Gotti and His Gang’ John
Cummings (Author), Ernest
Volkman (Author) Though having but
5% of the world’s population, the u.s. has 76% of the world’s serial
killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt america also spends more on
military than all the nations of the world combined... fed employees /
contractors, cia, all 3 branches of u.s. gov’t, etc., are included in this
evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t
think so! I do believe that both nations are regressively but nostalgically
trying bring the world back to failed geopolitical paradigms that made the 20th
century the bloodiest century, not coincidentally the american century
(obviously for israel the latter half century). Yet, such a conditioned
psychopathic approach to global matters has led them self-destructively,
self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs,
extinction, at least in a manner of speaking. Global information exchange at
lightning speed has made such throwbacks to a lost era, propaganda, and
maladaptive traits foolish at best, deadly at worst. Intelligent people
worldwide aren’t buying the obsolete, Orwellian approach fostered by the
purveyors of global unrest; viz., israel, america, Orwellian england, etc..;
more specifically, diversion of the masses from the glaring failures of
leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Minyanville's
T3 Daily Recap: Bearish Close Foreshadows Deeper Correction at
Minyanville The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed … an especially great opportunity to sell / take profits
while you still can since there's much worse to come! Selling
In May Is Very Good Advice This Year Harding Remember:
Sell in May and Go Away and If You’ve Not Sold by June, You’re a Loon! In a 12-page note yesterday, the Rochdale Securities
analyst said Tarullo’s suggestion on Friday that systemically important
financial institutions (SIFI) should increase their capital ratios by 20% to
100% above current levels is “a perfect example of what is wrong” with the
Fed’s approach to the banking system.
From the note:
The suggestions
being made indicate that the Fed has no understanding:
Of what caused the financial collapse The current structure of the banking industry’s
balance sheet How banks interact with the economy Why QE2 was a boondoggle for investors in financial
instruments but had no impact on the economy
When the Fed
should have been tightening restrictions on the banks over the past decade, it
loosened them. Now that the economy is either in a pause or slowing down and
the Fed should be easing restrictions on the banks, it is tightening them. As a
consequence, there is now $1.5 trillion dollars sitting in the Fed earning
virtually nothing while unemployment rises and the economy falters.
It is simply
incomprehensible that this nation can be so poorly served by those people who
should be expected to know what they are doing. Mr. Tarullo’s remarks are so
totally absurd that it is difficult to assume that they will ever be heeded.
Raising banks’
capital ratios will have a horrific impact on the economy and one similar to
1937 when the Fed increased reserve ratios twice sending the U.S. back into
Depression, Bove argues.
Tarullo said in
his speech that he wants the new capital to come from common equity which means
banks would likely have to raise the money by issuing new common shares. Bove
thinks that’s absurd because banks have already upped their tangible common
equity (TCE) as a result of post-financial crisis regulatory pressure.TCE is at
8.56% of assets, the highest in 76 years, he says.
Based on the
actual data, going back 76 years, the actions of the banks in the past three
years have created one of the safest and soundest banking systems in American
history. The Federal Reserve:
Does not believe this It has simply not looked at the historical numbers,
or It sees a financial disaster brewing that has yet to
be revealed.
The banking
industry’s focus on restructuring of their balance sheets and raising capital
has resulted in a lack of loans for the rest of the economy noting that loans
in the banking system fell by $803 billion or 10.2% from Q3, 2008 to Q1, 2011.
“What is clear is that the banking industry simply stepped out of the economy.
It was not providing funds to meet economic needs. It could not do so given the
requirements that were layered upon it. This also happened in the 1930s and
1940s when bank loans fell to 15.9% of bank assets and government securities
rose to an estimated 61.0%.”
Nontheless, in
the worst case scenario under Tarullo’s suggestion some 20 U.S. banks with more
than $50 billion in assets would have to have tangible common equity ratios of
14% of assets. To get to this level, which would be $1.386 trillion in dollar
terms, they’d have have to raise $755.7 billion, Bove argues.
“This would
require selling 35.3 billion new shares of stock. The dilution would be 106.5%.
Some companies, like Regions Financial (RF/$6.36/Sell) would be thrown out of
business,” he notes.
Bove also took
a hard shot at the Fed’s Quantitative Easing program calling it “a miserable
failure.” More from Bove’s Fed-bashing note:
The Federal
Reserve is buying $600 billion in Treasury Securities under the program’s
mandate.
In six months
from the end of October last year to the end of May this year, reserves at the
Federal Reserve have jumped by $568 billion and there is still one month to go
in QE2. Net free reserves in the system rose by $532 billion.
These numbers
indicate that the banking system never put the QE2 money to work in the
economy. They simply redeposited it back in the Federal Reserve itself.
However, the new money did have one clear impact. It drove up asset values:
The S&P 500 has grown by 13.9% from the end of
October to the present; the price of oil is up 12.6%; and gold is up
13.2%. The annualized rate of inflation in the 4 months to
October 2010 as measured by the CPI was 1.4%; the annualized rate in the
first four months of this year has been 10.5% (the economy was growing in
October of last year and it is slowing now).
But no need to
worry because Tarullo’s suggestion is so “absurd” that it’s unlikely to even
happen, Bove says.
Well, he
actually put it more harshly:
No other
country in the world, except perhaps Switzerland, is likely to lose all sense
of reality as Mr. Tarullo has. The United States will not get unanimity for
this decision anywhere but in the academic halls of the U.S. Federal Reserve.
I unfortunately
believe these people may have lost their minds just as the U.S. Congress did
when it passed the Dodd/Frank Act. However, the proposal may be taken seriously
by investors. If so it spells danger for bank stocks. This is because it is
likely that some form of this inane proposal may actually be put in
place.’ ‘ ]
Top 3 Reasons Markets Crashed After Bernanke Spoke Wall St. Cheat
Sheet June 7, 2011 ‘Markets
closed down on Wall Street: DJI -0.16% SP500 -0.1% Nasdaq -0.04% Gold - 0.19%
Oil 0.74% .
On the commodities front, Oil ( NYSE:USO ) put on another dollar to close at $98.74, while
precious metals were mixed with Gold ( NYSE:GLD ) was down slightly to $1,546 and Silver ( NYSE:SLV ) up 1.15%.
Today’s markets were down because:
1) Bernanke admitted the economy was slowing. Well, he
admitted it then said he thinks growth will be back soon. Don’t worry, soon.
Although lustful traders were hoping for some huge QE3 announcement, Bernanke
still gave us more QE 2.5 where the Fed will continue buying securities and
accommodating the financial markets as needed. Can someone say, ZIRP?
2) E3 took the baton from Apple. Yesterday Apple held the
tech spotlight, but today the exciting video game sector was front and center.
Microsoft ( NASDAQ:MSFT ), Sony ( NYSE:SNE ), Nintendo and all the big game makers started pulling
back the curtain on what gamers will die for during the holiday season (Check
Out: E3
Wrap Up. And the Winners are … ). That’s 180 degrees away from former
tech darling Research in Motion ( NASDAQ:RIMM ) which
keeps crashing and burning .
3) Another Economic Advisor gone. Austan Goolsbee will be
leaving his position as chairman of the White House’s Council of Economic
Advisers. Wall St. Cheat Sheet Assistant Editor Emily Knapp explores the deeper
question, “ Why
is Obama’s Economic Team Bailing Out? ” …’
The
US Debt Limit is Out of Control – Exclusive with Liz Claman Wall St. Cheat
Sheet ‘ The US is drowning in red ink … and it keeps getting
worse. I caught up with Fox Business anchor Liz Claman to get a Cheat Sheet for
crazy
government spending :
Damien Hoffmna: Liz, politicians seem to be treating the
debt limit like a joke — we’ve been raising it for decades. How can we get
drunken sailors to limit the bottles at the bar?
Liz Claman: I wouldn’t say anyone in Washington is
treating it like a joke. They’re truly nervous about it because they don’t know
what will happen if we don’t raise the debt ceiling. What I would say is that
neither side is getting serious at ALL about cutting spending. The Republicans
said, “We’ll raise it but only if you marry that with spending cuts.” They
started out strong.
Rep. Paul Ryan came up with a good starting point but
Democrats pounced on it saying it would cut too much from Medicare/Medicaid.
His Republican brethren were fine with it until they heard from their
constituents who flipped out, yelling, “Why should our Medicare get cut? Tax
the wealthy.” In the end, everyone wants to get reelected instead of doing the
right — and obviously painful — thing. Cut Medicare and Medicaid…’ [ How ‘bout
the obvious, unpainful thing; viz., prosecute the big frauds on wall street and
get disgorgement in the hundreds of billions (though the ongoing extant fraud
is in the trillions. ]
How
the Second-Mortgage Crisis is Gaining Momentum Wall St. Cheat
Sheet
Down Goes Asia? at Minyanville
Lloyd Khaner Jun 07, 2011 ‘The threat of a meltdown in Asia is just one of
19 worries facing investors this week. ‘ LLOYD'S WALL OF WORRY The debt crisis in Europe is causing waves
in Asia, where major clothing and electronics makers, and others who rely on a
strong Eurozone market, are seeing share prices drop or wobble. At home, the US
debt ceiling problem is quickly becoming "a lose-lose situation," and
other issues -- the housing crisis, unemployment and the fast-approaching end
of QE2 -- have investors "freaked." So this week Lloyd's Wall of Worry remains high, at 19 blocks. New fears
-- the risk of a
catastrophic policy mistake, and the possibility of a meltdown in Asia -- have
replaced last week's concerns about currencies and the IMF…: “FIX IT!” (From the 2:18 mark.) office . Getting sad
and tough and mean and nasty and real out there. trading against the
pros. shares and flipped
them, thus declaring huge profits and retirement. The market mystery continues.
LIBYA: Congressional patience running short, our
involvement running long. Bad combo. financial assets in the
world can’t be artificially spiked skywards.
China May Dump Dollar USA Today &
CNBC | The dollar fell to a one-month low against a basket of currencies on
Tuesday .
Gold
firms as dollar slides to one-month low Reuters | Gold firmed
on Tuesday as the dollar slid to a one-month low
GM chief
pushing for higher gas taxes Detroit News | Dan Akerson
wants the federal gas tax boosted as much as $1 a gallon,
IMF
rolls out $3 BLN bailout to push Mubarack’s men to top of pyramid International bankers are preparing to hand out a massive
loan to Egypt’s temporary leaders, just months after praising the financial growth
overseen by the FORMER regime. Daily
economic briefings disappear from Obama’s White House schedule At some point
during the first two years of his administration, President Obama stopped
receiving the daily economic briefing that he requested when he took office.
True
Cost of Fannie, Freddie Bailouts: $317 Billion, CBO Says The Congressional Budget Office (CBO) says the real cost
of the federal government guaranteeing the business of failed mortgage giants
Fannie Mae and Freddie Mac is $317 billion — not the $130 billion normally claimed
by the Obama administration. Goldman
Sachs subpoenaed Report says
firm’s mortgage-related investments enabled the company to profit while clients
lost money. (Washington Post) [ Their stock was down. Why? No mystery there on
fraudulent wall street that they’ve got plenty to hide; and, certainly far more
beyond the scope of the subpoena. The frauds on wall street et als should be criminally prosecuted, jailed,
fined, and disgorgement imposed …
an especially great opportunity to sell / take profits while you still can
since there's much worse to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog/ Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of
it and in fact continues most of the policies that helped get us here in the
first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the
unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall
street ( and declares with oscar in hand that not one high level wall street
exec has been prosecuted … despite ‘earning’ billiions from the fraud ) . UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal
testimony, an ex-Justice official who quit over the handling of a voter
intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown. ‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Selling
In May Is Very Good Advice This Year
Harding / Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock
sales is telling. At 565 sells for every 1 buy, it’s never been
higher. Yes, it’s normal for insiders to be selling some of their stocks so
they can buy new yachts and some of this is pre-planned. But that ratio — which
has spiked recently — is extraordinarily high, one might even say
off-the-chart.
Defacto bankrupt, fraudulent america also spends
more on military spending than all the nations of the world combined... federal
employees / contractors, cia, all 3 branches of the u.s. government, etc., are
included in this evolved american trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ).
ECONOMIC CRISIS ARCHIVE
National
/ World
Obama's rating on economy hits new low: poll (Reuters)
Obama: No fears of double-dip recession (AP) [He’s so ‘brave’,
he has no fear; and, after all, look at all his wars … yet, reality reality
proves he’s all b***s***, that ‘wobama the b’(for b***s***). Daily
economic briefings disappear from Obama’s White House schedule (I personally
believe wobama doesn’t understand economics.) Madoff
employee pleads guilty Documents
charged Eric Lipkin, a former employee, with helping Madoff perpetrate his epic
Ponzi scheme. (Washington Post) [ ‘Tiny taters’! Yet, there are loads of such
fraudulent interrelationships on fraudulent wall street, part and parcel of the
last and ongoing ubiquitous fraud; albeit too big to fail or jail despite
intimations to the contrary. Goldman
Sachs subpoenaed Report says
firm’s mortgage-related investments enabled the company to profit while clients
lost money. (Washington Post) [ Their stock was down. Why? No mystery there on
fraudulent wall street that they’ve got plenty to hide; and, certainly far more
beyond the scope of the subpoena. The frauds on wall street et als should be criminally prosecuted, jailed,
fined, and disgorgement imposed …
an especially great opportunity to sell / take profits while you still can
since there's much worse to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog/ Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of
it and in fact continues most of the policies that helped get us here in the
first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the
unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall
street ( and declares with oscar in hand that not one high level wall street
exec has been prosecuted … despite ‘earning’ billiions from the fraud ) . UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal
testimony, an ex-Justice official who quit over the handling of a voter
intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for
the meltdown. ‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Scam
artists run amok Double-digit
profits in one day from short-sale investing? It’s a sign of fraud, not market
savviness. (Washington Post) [ Wow! Separating the wheat from the chaff in
terms of fraud on wall street is, owing to pervasiveness, a job that even Mr.
Phelps of ‘Mission Impossible’ fame couldn’t handle. After all, what isn’t
fraudulent on wall street today? Nothing … nada … zed … zero. Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar (sic – lawyer) is one of those
typically with a ‘pre or post’ arrangement, whether implicit or explicit; you
know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt,
fallen america. Indeed, the scenario
typifies that national drain / sinkhole new york (new york / new jersey metro)
where, for example, FBI informants were routinely exposed by ‘italians’ in the
new york d.a.’s office over objection of the FBI, and were promptly
‘dispatched’/assassinated / hit by mafia / organized crime [ this was
documented with authority in the book Goombata: The Improbable Rise and Fall of
John Gotti and His Gang John
Cummings (Author), Ernest
Volkman (Author) Though having but 5% of the world’s population, u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]:
Major Swiss Newspaper Gives Bilderberg Front Page
Coverage Steve Watson | An influential Swiss daily newspaper has today awarded
front page coverage to stories on this week’s secretive elite Bilderberg
meeting. Top Bilderberger: Eurozone Collapse Threatens Global
Currency Agenda Paul Joseph Watson | Harvard Professor reveals globalists are panic-stricken about Greece
debt default threat to survival of single currency. Whole Foods admits its organic foods contain genetically
modified ingredients Natural News | Genetically
modified foods have become so ubiquitous in the US that even the grocery store
‘Whole Foods’ now admits it cannot keep biotech foods off its shelves. Drone surveillance in the US? Alex Jones says ‘the whole
world is in danger’ RT | As the US plans to
increase drone aircraft usage abroad, now law enforcement in the States is
getting ready to adopt robotic planes back home for surveillance purposes.
Proposed
New Airport Checkpoints Include Iris Recognition, In Built Full body Scanners Anyone whose behaviour raised concern – such as a
passenger buying a one way ticket in cash – would go through a different
channel which would also feature a full body scanner. Dollar
Index at 1-Month Low as China Warns on US Assets The dollar fell to a one-month low against a basket of
currencies on Tuesday and a record low against the Swiss franc after a Chinese
official said the greenback would continue to weaken versus other major
currencies. Obama’s
rating on economy hits new low: poll Americans’ disapproval of how President Barack Obama is handling the
economy and its growing budget deficit has reached new highs amid broad
frustration over the slow pace of economic recovery, according to a Washington
Post-ABC New poll released on Tuesday. Top
Bilderberger: Eurozone Collapse Threatens Global Currency Agenda A top Bilderberg member has revealed that globalists are
panic-stricken about a potential eurozone crisis caused by a Greek debt default
that could precipitate the collapse of the Euro and also derail the wider
agenda for multi-regional currency unions and eventually a global currency
system. Drone
surveillance in the US? Alex Jones says ‘the whole world is in danger’ As the US plans to increase drone aircraft usage abroad,
now law enforcement in the States is getting ready to adopt robotic planes back
home for surveillance purposes. While drone usage is expected to be expanded in
America by 2013, Infowar’s Alex Jones says that in some states it has already
been happening for years. All
misquotes are not created equal For politicians, the power of a historic quote is alluring. Whether it
has to be accurate is another thing. Fact
Checker: Sarah Palin’s midnight ride (Washington Post) [ Yeah! She’s
all that … dumb! The joke that keeps on giving … particularly to SNL among
other late-night comic fare … yet, the ‘pizza klatch’ with the other fake
reality show joke that keeps on giving, t_rump, part of that new york / new
jersey metro sinkhole, made for the 2
for 1 comedic concentration that was ‘free-for-all’ … to see. Why
we read Palin’s tell-all The underlying interest says something more
primal than simply our fascination with Mama Grizzly. (Washington Post) [ I’d
say it’s more of a curious fascination with the ‘new american dumb’. After all,
who can deny the boost she got from SNL’s Tina Fey’s impresarios highlighting
same. Yet, in comparison with and juxtaposed to the rest of the Washington
field (mccain, bush, wobama, et als), she’s got plenty of cover / camouflage. Send to a friendSarah Palin: Don't pick on Donald Trump Politico - Even though Donald Trump has
wholeheartedly embraced the wall-to-wall media coverage that's come with his
promotion of the widely discredited “birther” issue, Sarah Palin argued Tuesday
that the press is treating him ... Trump's business success claims questioned CBS News ‘…Trump hotels and casinos in
Atlantic City have filed for bankruptcy protection three times. While Trump
blamed market forces, he has long been chairman of the board for the casino
businesses.In his defense, Trump said he "didn't run the company."
Isikoff then asked why he was paid $2 million per year to chair the board of
that business. Trump replied: "Excuse me. Because I'm a genius,
okay."Trump said many different businesses license the use of his name,
but he's not directly involved in their operations.Casinos have not been the
only weakness in the Trump empire. There have been many high profile bankruptcy
filings, bad real estate deals, and a trail of ongoing lawsuits accusing him of
bad business practices.Another questionable move was "Trump
University," an online, for-profit business education firm. The attorney
general in Texas ordered him to stop using the word "university" in
its title. Trump said his company was unaware of restrictions on the use of
that word.Isikoff also said he asked Trump if he thought the state of Hawaii
was lying in regards to Obama being born there, and he did not answer the
question. In summation of his experiences that qualify him to be President of
the United States, Trump told Isikoff: "My successes...have been vast. I
don't even view myself as having failures, and I certainly learned from things
that don't work out as well." ‘ As Trump rants, TV ratings slide Tampabay.com Parker:
The GOP plays a crazy Trump card (Washington Post) [ I don't know
what polls Ms. Parker's referring to; but unless she's referring to mobster
trump apprentice news (trump was fired from his own casino company), that
certainly doesn't comport with polls I've read. Moreover, like palin, trump's
the joke that keeps on giving (for SNL, late-night talk hosts, etc.) ...’ ‘The
picture was of me, and I sent it’ In an extraordinary reversal at
an extraordinary news conference, N.Y. Rep. Anthony Weiner said that he had in
fact sent multiple inappropriate messages to multiple women but that he had
done nothing illegal and would not resign. (Washington Post) [ Yes, indeedy! It
was Tony’s weeny! Anthony’s Weiner! Drudgereport: WHACKED, NOT HACKED! 'Used govt.
resources'... Breitbart: 'I Want To Hear
Truth'... 6 'inappropriate'
relationships... ABCNEWS: Mystery Woman
Revealed... HER STORY... Risqué Online Chats, Photo
Swaps... SLIDESHOW... VIDEO: 'Web of lies'... TWITTER TEARS:
WEINER ADMITS REPORT: Woman claims to have
200 explicit messages from NY Dem... IT MIGHT BE MY WEINER! REPORT: WEINER'S TALE
UNRAVELING... By Daniel Libit Sunday, June
5, 2011 ‘As the world has attempted to make sense of Rep. Anthony Weiner’s claim
that his Twitter account was hacked, a key clue has been missing: exactly how
the notorious groin pic was posted online. But according to data provided
exclusively to The Daily from TweetCongress.org, a nonprofit website that
captures each member of Congress’s Twitter feeds in real time, the shot seen
round the world was transmitted using TweetDeck — a popular Adobe desktop
application that links up with social networking sites. A review of Weiner’s
Twitter stream from May 27, the day of the crotch pic, shows that Weiner had
been posting only from TweetDeck — one of many ways to post messages to Twitter
— that entire night. Chet Wisniewski, a senior security adviser at security
software company SophosLabs, said the TweetDeck stamp “does make it more plausible
that it did come from him.” Weiner used TweetDeck frequently, but he often also
posted from the Web directly or from his BlackBerry. A widely
circulated explanation for how
Weiner’s Twitter account could have been hacked by email would also seem to be
incompatible with the fact that the message in question originated on
TweetDeck. If email had been used, the message probably would have originated
via the photosharing site Yfrog, where the infamous picture was posted …’ [ Weiner admits he sent lewd picture; won't quit (AP) - After days of denials, a choked-up Rep. Anthony
Weiner confessed Monday that he tweeted a photo of his bulging underpants to a
young woman, and he also admitted to "inappropriate" excha...’ Tearful US congressman admits to crotch photos (AFP) ]'This Could Be The End For
Him'... 'Have You Ever Taken A
Picture Like This Of Yourself?'... WEINER CALLS COPS ON CBS WASHINGTON (CBSNewYork) — ‘Congressman Anthony Weiner said Thursday he’s
finished talking about the lewd photo sent from his Twitter account.But he
still wouldn’t say whether
he’s the one in the picture .So CBS 2
political reporter Marcia Kramer decided to go to his office on Capitol Hill to
try to get you some answers.You’ll never believe what happened.Kramer tried to
get an interview with the six-term New York Democrat and as a result had the
cops called on her.Kramer walked in to Weiner’s office, announced herself as
being from CBS 2 in New York City and said she’d like to see the congressman.
Those few words created quite the stir. Doors slammed and people pretended she
wasn’t there ...’ Weiner’s
efforts don’t cool furor The congressman said that he didn’t send a
lewd photo on Twitter but also that he couldn’t “say with certitude” whether
the image was of his own crotch. (Washington Post) [ ‘Weiner’s weiner’! ‘Not cool furor’ … how ‘bout just plain ‘not
cool’. Eh … what can you expect from national drain / sinkhole new york (new
york / new jersey metro). I haven’t read but probably agree with the following
article: Listen
up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr. Milbank weighs in: ‘ The
Weiner roast Congressman finds himself in a fight he does
not relish.’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar (sic – lawyer) is one of those
typically with a ‘pre or post’ arrangement, whether implicit or explicit; you
know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt,
fallen america. Indeed, the scenario
typifies that national drain / sinkhole new york (new york / new jersey metro)
where, for example, FBI informants were routinely exposed by ‘italians’ in the
new york d.a.’s office over objection of the FBI, and were promptly
‘dispatched’/assassinated / hit by mafia / organized crime [ this was
documented with authority in the book Goombata: The Improbable Rise and Fall of
John Gotti and His Gang John
Cummings (Author), Ernest
Volkman (Author) Though having but 5% of the world’s population, u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]: Democratic
change in Bahrain does not serve US interests: Kissinger Former US secretary of state Henry Kissinger emphasized
that a democratic change in Bahrain did not serve the interests of his country,
highlighting once again the western double standard towards the Arab revolt,
the daily Die Welt reported Monday. Poll:
Support for Afghan war rises Finding may give Obama breathing room
as he decides how many troops to withdraw from in July. (Washington Post) [ Ah, riiiiight! Living
proof that americans are not only dumb as h**l, but masochistic as well! After
all, pervasively corrupt america is defacto bankrupt, with all that that portends
for americans in the most negative sense.
Drudgereport: TEMPLETON chairman: Financial
Crisis 'Around Corner'... 'WE ARE ON THE VERGE OF A
GREAT, GREAT DEPRESSION...'
ECONOMIC 'HORROR' AS DATA PLUNGES Dow Has Longest Weekly Slump
Since '04... Housing prices fall 'beats
Great Depression slide'... . Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF
CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Senate
Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a hard place called Afghanistan; indeed
they are. [ Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (WaWP) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
FLASHBACK: Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ignore cases that involve black defendants
and white victims Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for
the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ] Are
Ridiculous Airport Security Measures Killing Airline Profits? Over the past couple of years, the attitude of U.S.
consumers towards flying has shifted dramatically. Once upon a time most
Americans looked forward to flying, but thanks to rising airfares, horrific
fees and ridiculous airport security measures that has changed. FDA
sends US marshals to seize elderberry juice concentrate, deems it ‘unapproved
drug’ Wyldewood Cellars, a
Kansas-based producer and distributor of elderberry juice, is the latest raid
target of the US Food and Drug Administration (FDA), which recently sent US
marshals to the company’s winery in Mulvane to confiscate the “unapproved
drug.”
In a 12-page note yesterday, the Rochdale Securities
analyst said Tarullo’s suggestion on Friday that systemically important
financial institutions (SIFI) should increase their capital ratios by 20% to
100% above current levels is “a perfect example of what is wrong” with the
Fed’s approach to the banking system.
From the note:
The suggestions
being made indicate that the Fed has no understanding:
·
Of what caused the financial collapse
·
The current structure of the banking industry’s balance
sheet
·
How banks interact with the economy
·
Why QE2 was a boondoggle for investors in financial
instruments but had no impact on the economy
When the Fed
should have been tightening restrictions on the banks over the past decade, it
loosened them. Now that the economy is either in a pause or slowing down and
the Fed should be easing restrictions on the banks, it is tightening them. As a
consequence, there is now $1.5 trillion dollars sitting in the Fed earning
virtually nothing while unemployment rises and the economy falters.
It is simply
incomprehensible that this nation can be so poorly served by those people who
should be expected to know what they are doing. Mr. Tarullo’s remarks are so
totally absurd that it is difficult to assume that they will ever be heeded.
Raising banks’
capital ratios will have a horrific impact on the economy and one similar to
1937 when the Fed increased reserve ratios twice sending the U.S. back into
Depression, Bove argues.
Tarullo said in
his speech that he wants the new capital to come from common equity which means
banks would likely have to raise the money by issuing new common shares. Bove
thinks that’s absurd because banks have already upped their tangible common
equity (TCE) as a result of post-financial crisis regulatory pressure.TCE is at
8.56% of assets, the highest in 76 years, he says.
Based on the
actual data, going back 76 years, the actions of the banks in the past three
years have created one of the safest and soundest banking systems in American
history. The Federal Reserve:
·
Does not believe this
·
It has simply not looked at the historical numbers, or
·
It sees a financial disaster brewing that has yet to be
revealed.
The banking
industry’s focus on restructuring of their balance sheets and raising capital
has resulted in a lack of loans for the rest of the economy noting that loans
in the banking system fell by $803 billion or 10.2% from Q3, 2008 to Q1, 2011.
“What is clear is that the banking industry simply stepped out of the economy.
It was not providing funds to meet economic needs. It could not do so given the
requirements that were layered upon it. This also happened in the 1930s and
1940s when bank loans fell to 15.9% of bank assets and government securities
rose to an estimated 61.0%.”
Nontheless, in
the worst case scenario under Tarullo’s suggestion some 20 U.S. banks with more
than $50 billion in assets would have to have tangible common equity ratios of
14% of assets. To get to this level, which would be $1.386 trillion in dollar
terms, they’d have have to raise $755.7 billion, Bove argues.
“This would
require selling 35.3 billion new shares of stock. The dilution would be 106.5%.
Some companies, like Regions Financial (RF/$6.36/Sell) would be thrown out of
business,” he notes.
Bove also took
a hard shot at the Fed’s Quantitative Easing program calling it “a miserable
failure.” More from Bove’s Fed-bashing note:
The Federal
Reserve is buying $600 billion in Treasury Securities under the program’s
mandate.
In six months
from the end of October last year to the end of May this year, reserves at the
Federal Reserve have jumped by $568 billion and there is still one month to go
in QE2. Net free reserves in the system rose by $532 billion.
These numbers
indicate that the banking system never put the QE2 money to work in the
economy. They simply redeposited it back in the Federal Reserve itself.
However, the new money did have one clear impact. It drove up asset values:
·
The S&P 500 has grown by 13.9% from the end of
October to the present; the price of oil is up 12.6%; and gold is up 13.2%.
·
The annualized rate of inflation in the 4 months to
October 2010 as measured by the CPI was 1.4%; the annualized rate in the first
four months of this year has been 10.5% (the economy was growing in October of
last year and it is slowing now).
But no need to
worry because Tarullo’s suggestion is so “absurd” that it’s unlikely to even
happen, Bove says.
Well, he
actually put it more harshly:
No other
country in the world, except perhaps Switzerland, is likely to lose all sense
of reality as Mr. Tarullo has. The United States will not get unanimity for
this decision anywhere but in the academic halls of the U.S. Federal Reserve.
I unfortunately
believe these people may have lost their minds just as the U.S. Congress did
when it passed the Dodd/Frank Act. However, the proposal may be taken seriously
by investors. If so it spells danger for bank stocks. This is because it is
likely that some form of this inane proposal may actually be put in place.’
Goldman
Sachs subpoenaed Report says
firm’s mortgage-related investments enabled the company to profit while clients
lost money. (Washington Post) [ Their stock was down. Why? No mystery there on
fraudulent wall street that they’ve got plenty to hide; and, certainly far more
beyond the scope of the subpoena. The frauds on wall street et als should be criminally prosecuted, jailed,
fined, and disgorgement imposed …
an especially great opportunity to sell / take profits while you still can
since there's much worse to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog/ Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of
it and in fact continues most of the policies that helped get us here in the
first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the
unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall
street ( and declares with oscar in hand that not one high level wall street
exec has been prosecuted … despite ‘earning’ billiions from the fraud ) . UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal
testimony, an ex-Justice official who quit over the handling of a voter
intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown. ‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Selling
In May Is Very Good Advice This Year
Harding / Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock
sales is telling. At 565 sells for every 1 buy, it’s never been
higher. Yes, it’s normal for insiders to be selling some of their stocks so
they can buy new yachts and some of this is pre-planned. But that ratio — which
has spiked recently — is extraordinarily high, one might even say
off-the-chart.
Defacto bankrupt, fraudulent america also spends
more on military spending than all the nations of the world combined... federal
employees / contractors, cia, all 3 branches of the u.s. government, etc., are
included in this evolved american trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ).
Meredith Whitney Adds 10 New States To Her Sh*t List Bess Levin
‘ The Dollar Dominatrix has issued a new state budget and debt report and
Arizona, Nevada, Connecticut, Wisconsin? Might want to run. (Also, re last
year’s prediction on muni bond defaults- she was just ball-parking, no one
should’ve taken those numbers at face value.)
Whitney tells
Fortune she never meant to make more than a general forecast. “I never intended
on framing the scale of defaults as a precise estimate, but I continue to believe
that degree of municipal defaults will be borne out over the cycle. I meant to
point out that the state debt problem is a massive headwind for the U.S.
economy, second in importance only to housing.”
[...]
Whitney’s
latest report is even more thorough than last year’s analysis that started the
uproar. It covers 25 of the largest states, adding ten new ones to the list,
including Arizona, Nevada, Connecticut, and Wisconsin. The problem starts with
spending. Since 2003, state governments have raised annual outlays from $1.5
trillion to almost $2.2 trillion, or $700 billion, yet tax receipts have risen
only $400 billion or $300 billion less, to $1.4 trillion. In fact, spending
kept surging all during the recession, while income from sales, income and corporate
taxes went totally flat in 2007.
M-Dubs doesn’t
put everyone on notice, however. Whereas Connecticut receives one whip of the
cat-o-nine-nails for every dollar over budget, Indiana, which gets a pat on the
head and a scratch behind the ears, is dubbed a “model citizen.”
Meredith
Whitney State Finances Are Worst Than Estimated [Fortune via Katie
Benner ] ‘
Economic
news breaks Obama’s momentum Just as things seemed to be swinging in his favor, a weak jobs report and
a renewed drop in housing prices present new challenges to reelection bid.
(Washington Post) [ Momentum? … What parallel universe are these people living
in. Wobama’s already a failed president. Like ‘unringing a bell’, wobama’s
failed presidency cannot be undone. After all, his undoing was his own doing;
the minute he began reneging on campaign promises which were made because they
needed doing. But, clearly, wobama’s not alone in his failure: Milbank:
Congress clocks in to clock out (WP) [ ‘... In a sense, the
Senate has been in a pro-forma session all year…’ Now who’s being charitable …
I’d say Mr. Milbank in his euphemistic description supra as well as his
unflinching defense of wobama the b
(for b***s***) despite wobama’s reneging on virtually all his campaign promises
/ rhetoric to the nation’s unequivocal detriment. It is Mr. Milbank,
journalistically speaking, who as well clocks in to clock out. Simply put,
wobama is nothing less than the worst of the democratic platform combined with
the worst of the republican platform. At near single digit approval rates for
congress, I find it difficult to imagine a realistic approval rate for wobama
exceeding same. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF
CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Senate
Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a hard place called Afghanistan; indeed
they are. [ Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (WaWP) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
FLASHBACK: Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Roche 'The worst
part of it ...Obama, who vowed change,
has done almost nothing to fix any of it and in fact continues most of the
policies that helped get us here in the first place’ UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ignore cases that involve black defendants
and white victims Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall Street accountable for
the meltdown. THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Scam
artists run amok Double-digit
profits in one day from short-sale investing? It’s a sign of fraud, not market
savviness. (Washington Post) [ Wow! Separating the wheat from the chaff in
terms of fraud on wall street is, owing to pervasiveness, a job that even Mr.
Phelps of ‘Mission Impossible’ fame couldn’t handle. After all, what isn’t
fraudulent on wall street today? Nothing … nada … zed … zero. Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar (sic – lawyer) is one of those
typically with a ‘pre or post’ arrangement, whether implicit or explicit; you
know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt,
fallen america. Indeed, the scenario
typifies that national drain / sinkhole new york (new york / new jersey metro)
where, for example, FBI informants were routinely exposed by ‘italians’ in the
new york d.a.’s office over objection of the FBI, and were promptly ‘dispatched’/assassinated
/ hit by mafia / organized crime [ this was documented with authority in the
book Goombata: The Improbable Rise and Fall of John Gotti and His Gang John
Cummings (Author), Ernest
Volkman (Author) Though having but 5% of the world’s population, u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]: Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t
think so! I do believe that both nations are regressively but nostalgically
trying bring the world back to failed geopolitical paradigms that made the 20th
century the bloodiest century, not coincidentally the american century
(obviously for israel the latter half century). Yet, such a conditioned
psychopathic approach to global matters has led them self-destructively,
self-defeatingly, and ineluctably to decline and fall. Global information
exchange at lightning speed has made such throwbacks to a lost era, propaganda,
and maladaptive traits foolish at best, deadly at worst. Intelligent people
worldwide aren’t buying the obsolete, Orwellian approach fostered by the
purveyors of global unrest; viz., israel, america, Orwellian england, etc..;
more specifically, diversion of the masses from the glaring failures of
leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has
promised to hold Wall Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Will
the Fed do QE3? As soon as the disappointing jobs report crossed the
wires, the Wall Street chatter began to speculate. (Washington Post) [ Well, we
all know that nothing succeeds quite like failure in america; you know, that
new normal for pervasively corrupt, defacto bankrupt america. Yes, we all know
that QE has been a dismal and costly failure unless the measure of success is
the increased wealth of the frauds on wall street; after all, as with this
still extant financial crisis (toxic assets/paper/securities cashed out and
still out there in the trillions though now marked to anything as per
legislated mandate / complicity / FASB rule change) , your dollars actually and
ultimately financed their ill-gotten gains which never seem to translate into
the promised job, economic gains and go on despite well-founded, prominent
warnings that the same will not succeed and have, as warned, exacerbated that
which was meant to be cured. JOBS REPORT MUCH WORSE THAN EXPECTED! Previous day: Economic
outlook hinges on jobs report
Beware
the next big fraud When will we see
the next big fraud and a massive burst in the secondary markets bubble? Not
soon enough, I fear. (Washington Post) [ Next? How ‘bout we’re still in the
midst of that continuing multi-trilliion dollar fraud marked to anything … The frauds on wall
street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed), Billion
Dollar Fund Managers Agree: The Government Never Fixed the Underlying Economic
Problems, So We’ll Have Another Crash infowars.com While the snake oil salespeople at the retail
investing level and the bobble heads on the kool aid selling financial channels
have been saying for years that we’re in a “recovery” (albeit a slow one),
billion dollar fund managers say that nothing has changed and we’ll have
another crash … Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of
it and in fact continues most of the policies that helped get us here in the
first place’ ‘INSIDE JOB’
Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in
the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in
hand that not one high level wall street exec has been prosecuted … despite
‘earning’ billions from the fraud ) . Dave's
Daily 'If you can keep interest rates this
low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares
and pay dividends with what essentially is taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog
/ the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year
Harding Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This is an especially great opportunity to sell /
take profits while you still can since there's much worse to come! Remember:
‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock
sales is telling. At 565 sells for every 1 buy, it’s never been
higher. Yes, it’s normal for insiders to be selling some of their stocks so
they can buy new yachts and some of this is pre-planned. But that ratio — which
has spiked recently — is extraordinarily high, one might even say
off-the-chart.] ]
20
Questions To Ask Anyone Foolish Enough To Believe The Economic Crisis Is Over The Economic Collapse | We are still
in the middle of a full-blown economic crisis and things are about to get even
worse.
[video]Market
Slams a Lacking Jobs Report TheStreet.com TV ‘ A deeply
disappointing non-farm payrolls report has put the brakes on the recovery.’ Dollar,
Safe Haven No More? at The Wall Street Journal Leivisohn ‘Is
the dollar’s safe haven status a thing of the past? [Yes!] It was for at least one week, according to Nomura
currency strategist Jens Nordvig. In a report this morning, Mr. Nordvig noted
that the recent strong tendency of the dollar and the S&P 500 to move in
opposite directions was nowhere to be seen last week, even as the S&P 500
dropped for the fifth consecutive week…’
http://finance.yahoo.com/news/This-Employment-Ratio-34-Year-wscheats-2271160620.html?x=0&.v=1 This Employment Ratio is at a 34 Year Low
1 Wall St. Cheat Sheet June 3, 2011 ‘A disappointing increase of
only 54,000 jobs was accompanied by an unemployment rate for May of 9.1%, up
from the previous month’s 9.0%. The briefing.com consensus was for 9.0% and
their own estimate was for 9.1%. The employment-to-population ratio is hovering
around levels first seen in November 1977.Here is the
lead paragraph from the Employment Situation Summary released this morning by
the Bureau of Labor Statistics: Nonfarm payroll
employment changed little (+54,000) in May, and the unemployment rate was
essentially unchanged at 9.1 percent, the U.S. Bureau of Labor Statistics
reported today. Job gains continued in professional and business services,
health care (NYSE:XLV), and mining (NYSE:XLB). Employment levels in other major
private-sector industries were little changed, and local government employment
continued to decline. The
unemployment peak for the current cycle was 10.2%, one year ago in October
2009. The chart here shows the pattern of unemployment, recessions and both the
nominal and real (inflation-adjusted) price of the S&P Composite (NYSE:SPY)
since 1948. Unemployment is
usually a lagging indicator that moves inversely with equity prices (See first
chart below). Note the increasing peaks in unemployment in 1971, 1975 and 1982.
The inverse pattern becomes clearer when viewed against real (inflation-adjusted)
S&P Composite, with its successively lower bear market bottoms. The mirror
relationship seems to be repeating itself with the current and previous bear
markets. The second
chart shows the unemployment rate for the civilian population unemployed 27
weeks and over. The May number is 4% — down from December’s adjusted 4.1%. This
measure gives an alternate perspective on the relative severity of economic
conditions. As we readily see, this metric is significantly higher than the
peak in 1983, which came six months after the broader measure topped out at
10.8%. The inverse
correlation between the two series is obvious. We can also see the accelerating
growth of two-income households in the early 1980′s. The recent ratio low
of 58.2% in November 2010 and December 2009 was a level not seen since August
1983. In fact, those recent lows were almost back to the 58.1% ratio of March
1953, when Eisenhower was president, the Korean War was still underway, and
rumors were circulating that soft drinks would soon be sold in cans. The latest
ratio, for May 2011, is 58.4%, unchanged from last month. The
employment-population ratio will be interesting to watch going forward. The
first wave of Boomers will be a downward force on this ratio. The oldest of
them were eligible for early retirement when the Great Recession began, and the
Boomer transition to the retirement will accelerate over the next several
years. The third chart
is one of my favorites from CalculatedRisk. It shows the job losses from the
start of the employment recession, in percentage terms compared to all
recessions since 1948. Note the addition of the dotted-line alternative for the
current cycle, which shows unemployment excluding the temporary census hiring. The start date
of 1948 was determined by the earliest monthly unemployment figures collected
by the Bureau of Labor Statistics. The best source for the historic data is the
Federal Reserve Bank of St. Louis. Here is a link
to a Google source for customizable charts on US unemployment data (not
seasonally adjusted) since 1990. You can compare unemployment at the national,
state, and county level. Doug Short Ph.d
is the author of dshort.com.’ Peter
Schiff: ‘US economy heading for disaster’ “We are heading for a huge disaster,” says Euro Pacific Capital President
Peter Schiff. As the US dips from a recession to a depression, Schiff says,
America needs to stop borrowing money if they want to prevent driving off the
proverbial cliff. New
Decentralized Currency Stimulating Underground Barter Economy New grassroots cyber currency, the Bitcoin, may provide
the perfect vehicle to operate outside the establishment economy and snub the
all-powerful banking cartels — it’s decentralized, quasi-anonymous, and its
supply is regulated by an algorithm to actually create deflation over time. Ron
Paul: “Barack Obama and the big government crowd are destroying our economy” Today, a spokesman for Congressman Ron Paul’s 2012
Republican presidential campaign remarked on the most recent U.S. jobs report
and the state of the American economy. See comments below. Towards a
Worldwide Inflationary Depression According to our calculations we have been in an inflationary depression
since February of 2009. Everyone looks back on the deflationary depression of
the 1930s as a benchmark or a reference. OPEC
Upstaged by Qaddafi in Most-Hostile Meeting Since Gulf War OPEC’s decision on production quotas this week may be
complicated by hostilities in Libya as members meeting in Vienna find
themselves supporting opposing camps of a military conflict for the first time
in 21 years. Questioned
by Paul, Fed denies any interest in gold True to his word to when he met a GATA delegation in Washington a week
ago, U.S. Rep. Ron Paul, R-Texas, chairman of the House Subcommittee on
Domestic Monetary Policy, has begun asking the Federal Reserve questions about
gold swaps. China
Has Divested 97 Percent of Its Holdings in U.S. Treasury Bills China has dropped 97 percent of its holdings in U.S.
Treasury bills, decreasing its ownership of the short-term U.S. government
securities from a peak of $210.4 billion in May 2009 to $5.69 billion in March
2011, the most recent month reported by the U.S. Treasury. Ron
Paul Interview About Debt Ceiling, Spending Republican presidential candidate Ron Paul talks with Bloomberg’s Al Hunt
about the U.S. debt ceiling, U.S. troop withdrawals from Afghanistan, Pakistan
and Libya, and Federal Reserve monetary policy.
Bank
to suggest CO2 levy on jet, shipping fuel Reuters | The World
Bank will suggest a global levy on jet and shipping fuel in recommendations to
G20
Teen Unemployment 25
Percent CSM | It’s never been easy being a
teenager. Now, try being a teenager looking for work.
We’ve Now Got Depression-Level Unemployment Washington’s Blog | The only jobs we’re creating are military and other public sector jobs. True
Cost of Fannie, Freddie Bailouts: $317 Billion, CBO Says The Congressional Budget Office (CBO) says the real cost
of the federal government guaranteeing the business of failed mortgage giants
Fannie Mae and Freddie Mac is $317 billion — not the $130 billion normally
claimed by the Obama administration. National / World The Elite’s Plan For Global Extermination Paul Joseph Watson | Webster Tarpley conducts the most detailed study to date of John P.
Holdren’s Ecoscience in a bombshell new video interview. U.S. Tells Golan Protesters to Show Restraint After 23
Killed Kurt Nimmo | “Provocative actions like this should be avoided,”
said State Department after IDF soldiers killed 23 on Sunday.
Five
U.S. soldiers killed in attack on base; 18 Iraqis dead in other violence Five U.S. soldiers were killed Monday in a rocket attack
at a joint U.S.-Iraqi base in the capital, officials said. It was the largest
death toll for the American military in Iraq in a single incident in two years.
NATO jets target
Libya state TV Latest reports
indicate that NATO-led warplanes have dropped several bombs on the offices of
the Libyan state broadcaster in the capital Tripoli.
Gates
in Kabul for strategy talks High-level meetings with U.S. and Afghan
officials are at a potential turning point in the war. (Washington Post) [ Strategy? Heck, there’s
gotta’ be something something about ’u.s. strategy’ that they can like. After
all, it’s so amorphous that it can bend to any will, constantly evolving,
changing, growing, or, as they say in reality, is non-existent at all. What
might they like about ‘u.s. strategy’? Well, for one thing, for america, the
u.s. strategy is self-destructive, self-defeating, and contraindicated for
everyone; but, pervasively corrupt, defacto bankrupt america’s just too dumb to
realize it. Gerson:
Gates’s war against defense cuts (Washington Post) [ Wow! Talk about being out of touch … I quess after years
at the cia one starts to believe their own b***s*** / propaganda / lies to the
point that, as gates, they’ve completely lost touch with reality … Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF
CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ … Senate
Dems find themselves in a tough spot (Washington Post) [ Tough spot? Like Iraq and a hard place … called
Afghanistan … indeed they are … in a tough spot … of their own making … by a
wobama prevaricating approach to most all things despite campaign promise that
belie their actions, or lack thereof. ] [ Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (Washington Post)
[ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Jones FLASHBACK: Editorial: US in
quagmire
War
in Afghanistan and Iraq costs America $1trillion Financialization
and Our Increasingly Unstable Economy Roche 'The worst part of
it ...Obama, who vowed change, has done
almost nothing to fix any of it and in fact continues most of the policies that
helped get us here in the first place’ THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ] { In robert gates’
cia-alice-in-wonderland world, a failed defacto bankrupt american banana
republic with gunboat diplomacy will do just fine (thank you very much for your
wasted tax dollars). }
Thanks to Ron Paul, We Are All Libertarians Now Susan Westfall | “If we believe in having the liberty to exercise our free will and if
we believe in smaller government, then perhaps we are all libertarians now.” We’ve Now Got Depression-Level Unemployment Washington’s Blog | The only jobs we’re creating are military and other public sector jobs.
World
Bank To Suggest Global Carbon Tax on Airline, Shipping Fuel (Paid by You) The World Bank will suggest a global levy on jet and
shipping fuel in recommendations to G20 governments later this year on raising
climate finance, a senior official said on Sunday. June
5th Ron Paul Money Bomb – The Revolution vs RomneyCare The truth is, an overwhelming showing on June 5th would
force the establishment pundits to realize what we already know, Congressman
Paul is campaigning as a top-tier contender and is a force to be reckoned
within the Republican Primaries. Fukushima
Reactor No. 1 more radioactive than ever At the stricken Fukushima nuclear power plant, a robot sent into the
building housing Reactor No. 1 on Saturday detected the highest levels of
radiation measured since the crisis began on March 11. Trouble
for the Establishment in Europe, Protests Spread to France (Video) Luke Rudkowski reports from the new protests in France.
He interviews a stunningly-aware crowd. They truly know the score and what the
root problem of the system is: Banskter-Goverment collusion resulting in their
enslavement. Great on-the-ground reporting by Rudkowski. Fukushima
Reactor No. 1 more radioactive than ever At the stricken Fukushima nuclear power plant, a robot sent into the
building housing Reactor No. 1 on Saturday detected the highest levels of
radiation measured since the crisis began on March 11. Food
chain at risk of being poisoned by terrorist groups Food and drink sold in Britain is under a growing threat
from terrorist groups which might try to poison supplies, the Government’s
security advisers have warned. US
Government/Mossad Agent Voices Support For Obama’s Gun Control Agenda In a new video message, American-born al Qaeda spokesman
Adam Gadahn calls on Muslims living in America to carry out deadly one-man
terrorist acts using fully automatic weapons purchased at gun shows, and to
target major institutions and public figures. Libya:
UK Apache attack helicopters launch first strikes British Apache attack helicopters have been used to
strike targets in Libya for the first time, the Ministry of Defence has
confirmed. Gaddafi’s
Stolen Billions: Max Keiser Explains ‘Financial Terrorism’ International bankers have reportedly wasted billions of
dollars invested by Libyan leader Colonel Gaddafi. The Financial Times says
giants like Goldman Sachs were dealing with the dictator’s investments when it
needed to plug a hole during the economic crisis. Most of the money has been
lost, but with what’s going on in Libya any repayment seems unlikely. Trouble
for the Establishment in Europe, Protests Spread to France (Video) Luke Rudkowski reports from the new protests in France.
He interviews a stunningly-aware crowd. They truly know the score and what the
root problem of the system is: Banskter-Goverment collusion resulting in their
enslavement. Great on-the-ground reporting by Rudkowski. Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t
think so! I do believe that both nations are regressively but nostalgically
trying bring the world back to failed geopolitical paradigms that made the 20th
century the bloodiest century, not coincidentally the american century
(obviously for israel the latter half century). Yet, such a conditioned
psychopathic approach to global matters has led them self-destructively,
self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs,
extinction, at least in a manner of speaking. Global information exchange at
lightning speed has made such throwbacks to a lost era, propaganda, and
maladaptive traits foolish at best, deadly at worst. Intelligent people
worldwide aren’t buying the obsolete, Orwellian approach fostered by the
purveyors of global unrest; viz., israel, america, Orwellian england, etc..;
more specifically, diversion of the masses from the glaring failures of
leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Minyanville's
T3 Daily Recap: Stocks and Economic Data Leave Nowhere to Hide at
Minyanville By T3Live.com Jun 03, 2011 ‘This week markets were
presented with economic data ranging from ADP payroll, jobless claims, car
sales, and crude inventory numbers, all pointing to a waning economic recovery.
US markets
finished the week with a very negative tone, led lower by Nasdaq stocks via the PowerShares QQQ Trust ( QQQ ), which was down 1.62% on the session. Stocks sold-off
into the close, dragging the SPDR Dow Jones Industrial Average ETF ( DIA ) to its longest streak of weekly losses since 2004. The
US government jobs report showed slowing growth, with only 54,000 jobs
added in May, trailing estimates of 165,000 as well as an unexpected climb to
9.1 percent. data ranging from ADP payroll, jobless claims, car
sales, and crude inventory numbers, all pointing to a waning economic recovery.
As of Thursday evening, the markets had taken the negative data in stride, but
the government jobs data proved to be the last straw for many investors. SPDR S&P 500 ( SPY ) down 1.15% on the session. In fact, there was nowhere to
hide this week, as 94% of the S&P 500 stocks finished red on the week.
Furthermore, the continuous stream negative US data against the backdrop of the
EU coming to a deal to bailout Greece saw investors dumping stocks and the US dollar , while finding shelter in the euro. Sina ( SINA ), Youku.com ( YOKU ), Qihoo 360 Technology ( QIHU ), and China Dangdang ( DANG ) all down over 8%, with Sina down nearly 12% on the
session. Baidu.com ( BIDU ) and Sohu.com ( SOHU ) fared better closing lower by 3.82% and 4.5%
respectively. Netflix ( NFLX ) was the lone standout among the leaders to finish
slightly higher, yet other companies that traders routinely look to for
leadership sold-off into the close with the rest of the market. Amazon ( AMZN ) finished down 2.38% and Apple ( AAPL ) was negative by just over a half percent. investors come Monday.’ Goldman
Sachs subpoenaed Report says
firm’s mortgage-related investments enabled the company to profit while clients
lost money. (Washington Post) [ Their stock was down. Why? No mystery there on
fraudulent wall street that they’ve got plenty to hide; and, certainly far more
beyond the scope of the subpoena. The frauds on wall street et als should be criminally prosecuted, jailed,
fined, and disgorgement imposed …
an especially great opportunity to sell / take profits while you still can
since there's much worse to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog/ Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of
it and in fact continues most of the policies that helped get us here in the
first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the
unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall
street ( and declares with oscar in hand that not one high level wall street
exec has been prosecuted … despite ‘earning’ billiions from the fraud ) . UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and personal
testimony, an ex-Justice official who quit over the handling of a voter
intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall Street accountable for the meltdown. ‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Selling
In May Is Very Good Advice This Year
Harding / Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock
sales is telling. At 565 sells for every 1 buy, it’s never been
higher. Yes, it’s normal for insiders to be selling some of their stocks so
they can buy new yachts and some of this is pre-planned. But that ratio — which
has spiked recently — is extraordinarily high, one might even say
off-the-chart.
Defacto bankrupt, fraudulent america also spends
more on military spending than all the nations of the world combined... federal
employees / contractors, cia, all 3 branches of the u.s. government, etc., are
included in this evolved american trait of inherent criminality ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ).
By Shanthi Bharatwa [chart
http://www.thestreet.com/content/image/88693.include ]
‘NEW YORK (TheStreet ) -- The U.S.
economy added far fewer jobs in May, suggesting that the recovery in the
employment market might be stalling.
According to the Bureau of Labor Statistics, nonfarm
payrolls increased by 54,000 on a seasonally adjusted basis in May, after
rising by an average of 220,000 in the prior three months. Economists were
expecting the payrolls to rise by 169,000, according to Briefing.com . That is the
lowest payroll growth since September 2010.
The private sector, which has been the main contributor
of jobs amid layoffs at the state and local government levels, added 83,000
jobs, a marked slowdown from the 244,000 jobs averaged in the last three
months. Economists predicted companies would add 180,000 jobs in May, their
expectations diminished by the
ADP report Wednesday which said companies added only 38,000 jobs.
The consensus estimates don't always reflect actual
market expectations because analysts don't always revise their estimates based
on the ADP report. The "whisper" number for the markets may have been
closer to about 100,000. So even by those metrics, the jobs report is severely
disappointing.
Reacting to the dismal report, Patrick O'Keefe, director
of economic research at J.H. Cohn, said, "This report stands out as a
recommendation to all economists to go through a course in humility. I
expected, even after the ADP report, a much better report than this. But as
Keynes said -'when the facts change, I change my mind.'"
According to the Labor Department's survey, the auto,
retail, nondurable goods and health care sectors shed jobs in May. The
government laid off another 29,000 workers in May, after shedding 19,000 in
April and 25,000 in March.
But more striking than layoffs was the slowdown in
hiring. After adding 38,000 jobs in April, the goods-producing sector created
only 3,000 jobs in May. Manufacturing shed 5,000 jobs in May, after hiring
24,000 people in the previous month.
The private services-providing sector, the biggest
contributor to employment, added only 80,000 jobs, after creating 213,000 in
April. In April, the ISM Services Index showed a dramatic slowdown to 52.8%
from 57.3% in March. The Institute for Supply Management said at 10:00 a.m
Friday that the Nonmanufacturing Index rose to 54.6% from 52.8% in April,
better than the 53.3% economists were expecting.
Temporary help, which has contributed one in six 6 jobs
during the recovery, also saw a drop of 1,200 jobs.
"The flattening in temporary help, given the
marginal headline employment gain signals that employers have become even more
reluctant to increase payrolls in the face of sputtering expansion,"
O'Keefe noted.’
JOBS
REPORT MUCH WORSE THAN EXPECTED!
Previous
day: Economic
outlook hinges on jobs report One of the few bright spots in the
economic picture in the past three months has been solid and steady job
creation by the private sector. (Washington Post) [ And, you can bet the ranch
that the report will be a complete fabrication. Indeed, the capital reeks of
political desperation, domestically and globally. Fudgecake yes … they can
always put the ‘report’ back in the oven so to speak for those ever more
recurring revisions which still never quite bring the data back to
reality. Beware
the next big fraud When will we see
the next big fraud and a massive burst in the secondary markets bubble? Not
soon enough, I fear. (Washington Post) [ Next? How ‘bout we’re still in the midst
of that continuing multi-trilliion dollar fraud marked to anything … The frauds on wall
street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed), Billion
Dollar Fund Managers Agree: The Government Never Fixed the Underlying Economic
Problems, So We’ll Have Another Crash infowars.com While the snake oil salespeople at the retail
investing level and the bobble heads on the kool aid selling financial channels
have been saying for years that we’re in a “recovery” (albeit a slow one),
billion dollar fund managers say that nothing has changed and we’ll have
another crash … Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of
it and in fact continues most of the policies that helped get us here in the
first place’ ‘INSIDE JOB’
Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in
the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in
hand that not one high level wall street exec has been prosecuted … despite
‘earning’ billions from the fraud ) . Dave's
Daily 'If you can keep interest rates this
low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares
and pay dividends with what essentially is taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year
Harding / April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This is an especially great opportunity to sell /
take profits while you still can since there's much worse to come! Remember:
‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock
sales is telling. At 565 sells for every 1 buy, it’s never been
higher. Yes, it’s normal for insiders to be selling some of their stocks so
they can buy new yachts and some of this is pre-planned. But that ratio — which
has spiked recently — is extraordinarily high, one might even say
off-the-chart.] ]
20
Questions To Ask Anyone Foolish Enough To Believe The Economic Crisis Is Over The Economic
Collapse | We are still in the middle of a full-blown economic
crisis and things are about to get even worse.
5
Cities Vulnerable to the Next Bursting Bubble WASHINGTON ( TheStreet ) -- Bubbles are a beautiful thing to watch while they're
inflating or floating along, but they can be extremely messy when they burst.
The U.S. still hasn't recovered from the real estate bubble that burst in 2007.
Considering the somewhat tenuous state of the second coming of tech spending,
the bubbling costs of college inflation, the seemingly limitless heights of
gold prices and the ever-expanding demand for health care as baby boomers ease into retirement, there may be
another bubble just around the bend. Don't tell that
to Las Vegas, which is still trying to pick up the pieces after the housing
bubble's pop shattered its real estate industry. Average home prices dropped
from $220,000 in 2008 to just $128,000 in the first quarter of this year. As a
result, a 3.21% foreclosure rate quoted for the area by RealtyTrac is still the
highest in the nation, and its 13.3% unemployment rate is outdone only by
Riverside-San Bernardino-Ontario, Calif.'s 13.9% margin (and 2.04% foreclosure
rate). The good news is that foreclosure rate is a 11.54% improvement from fall
of last year. The bad news is that it's only a 7.74% upgrade from the same
period last year, is still costing more homeowners their properties than
anywhere in America and is having a residual effect on business, with traffic
down at McCarran Airport and once-untouchable businesses such as the
Sahara casino closing, with owners cited the crisis as a reason.
California,
Nevada, Arizona and Florida are among the states dealing with double- or
near-double-digit unemployment, high foreclosure rates and home prices that
have plummeted more than 50% in some cases, but even metropolitan areas within
those states were spared the same pain. Another burst bubble could make some of
those places feel a lot less lucky. TheStreet took a look at
five regions that lean heavily on one industry and at just how much they stand
to lose should their bubble be the next to go: …’
A
New Idea For Bernanke: Leave The Economy Alone at Forbes ‘ Sy Harding It was another
week of shockingly negative economic reports, which you might think has Wall
Street economists worried that the economy is running into something more than
just a brief soft patch (their popular term of recent weeks).
They mostly remain convinced that the problem is only
temporary, that the economic reports are coming in worse than their forecasts
only because they under-estimated the effect the surge in energy and commodity
prices would have on consumer spending, and the effect the Japanese earthquake
would have on auto and technology production. And they say those effects
are only temporary.
Let’s hope they’re right, because the additional reports
this week were awful.
They included that home prices are still declining; that
Pending Home Sales fell 11.6% in April to a 7-month low; that Consumer
Confidence unexpectedly fell from 66 in April to 60.8 in May; that the ISM Mfg
Index plunged to 56.6 in May from 67.6 in April; that Factory Orders fell 1.2%;
that auto sales fell more than forecasts.
The reports ended for the week with Friday’s report that
only 54,000 jobs were created in May versus 232,000 in April, and compared to
the consensus forecast that 175,000 jobs would be created. And the unemployment
rate rose to 9.1% in May, from 9.0% in April, versus forecasts that it would
decline to 8.9%.
This week’s reports came on top of four weeks of
similarly dismal reports, including that the Conference Board’s Leading
Economic Indicators dropped into negative territory for the first time in nine
months, and that Durable Goods Orders experienced their largest decline since
last August. New home starts and permits for futures starts plunged more than
forecasts, and existing home sales unexpectedly plunged, now down 12.9%
year-to-date.
However, not only is Wall Street not overly disturbed by
the reports, but investors are not all that concerned either.
In spite of five straight weeks of decline, the Dow is
only 4.7% below its peak at the end of April, and it’s still up 5.4% for the
year so far. And, what decline there has been was on low volume, no signs of
aggressive selling.
One theme I keep hearing from bullish investors is that
the Federal Reserve will not allow economic growth to slow to any degree
(beyond a brief soft patch), without stepping in with another round of
stimulus. Nor will it allow the stock market to decline to any degree.
After all, they remind me, Fed Chairman Bernanke
virtually guaranteed that in the Fed’s statement after its last FOMC meeting,
in which it said, “The Committee will continue to monitor the economic outlook
and financial developments, and will employ its policy tools as necessary to
support the economic recovery.”
Meanwhile, as I wrote in early April, the similarities to
a year ago are spooky. Among the long list of similarities I noted then, were
that a year ago government stimulus programs were also coming to end, the
economy was already showing serious signs of slowing, the stock market looked
to be overbought, and investor sentiment was unusually confident and bullish. The
next event a year ago was that the market topped out at the end of April into a
correction, and that has now potentially become another similarity of this
year.
So will the rest of the events of last year also repeat
this year?
Last year, the economy continued to weaken, and the stock
market remained in a correction until mid-July, during which the S&P 500
lost 16% of its value.
Then the Fed seemed to panic and stepped in with a
promise of another round of quantitative easing, which was dubbed QE2. The economy
picked up again, and the stock market halted its decline, recovered its losses,
and went on to the highs reached at the end of April this year.
The big question is, if the economy continues to slow
this year, and the stock market continues to decline, will the Fed push the
magic button again?
Chairman Bernanke received considerable criticism at home
and globally for his QE2 decision last fall. It also doesn’t seem to have
worked all that well. The flood of additional dollars into the financial system
pumped up the stock market and commodity prices, creating inflation, but its
effect on the economy was apparently only temporary.
This year, Congress would probably object mightily to
another round of stimulus, given its new determination to cut government costs
in efforts to tackle the record budget deficits.
So, unless the economy really nose-dives, I suspect the
Fed will allow the market system to function normally this time around,
allowing economic growth to slow if that is its inclination, and the stock
market to adjust to that, without government interference.
We shall see. So far the similarities to events a year
ago continue to click into place.’
Moody’s:
U.S. credit rating at risk Agency warns of
a possible credit rating downgrade if a debt-ceiling deal cannot be reached.
(Washington Post) [ I’d say, as is true of their performance in the last phase
of this ongoing crisis, they are so typically late to the party. After all,
pervasively corrupt america is already defacto bankrupt. House
rejects debt ceiling increase
The 317-to-98 vote was a bipartisan rejection of extending the nation’s
current debt limit of $14.3 trillion unless major spending reductions accompany
the legislation. (Washington Post) [ Well, perish the thought that increases in
liabilities should be commensurate with decreases in liabilities to maintain a
… balance … sheet? At this point, who’s counting? After all, are there really
degrees of defacto bankruptcy? Or, an either / or absolute state; viz., you are
or you’re not defacto bankrupt. Pervasively corrupt, defacto bankrupt america
is in fact defacto bankrupt! … Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press” climaxed Sunday with a startling market
prognostication from David Brooks, conservative columnist for the NY Times . The risk of a debt default over the
combustible issue of the Medicare deficit hangs over the course of the stock
market. Buyers Beware!“I was up in Wall Street this week,” Brooks said.
“They’re vastly underestimating the source of piolitical risk here. We could
have a major problem, I think, either this summer or the next couple years. And
I’d be worried about investing too much in the market. That’s my financial
advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a
devastating long-term economic decline..’ ]
States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall
street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed), and have used the mideast turmoil to obfuscate their failure. Davis ‘This is how
we pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE OF
CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this
low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares
and pay dividends with what essentially is taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year
Harding / April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This is an especially great opportunity to sell /
take profits while you still can since there's much worse to come! Remember:
‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock
sales is telling. At 565 sells for every 1 buy, it’s never been
higher. Yes, it’s normal for insiders to be selling some of their stocks so
they can buy new yachts and some of this is pre-planned. But that ratio — which
has spiked recently — is extraordinarily high, one might even say
off-the-chart.]
Greenspan
‘Scared’ Over Deficit; Calls for Tax Rise The debt and deficit problem in the US is so serious that former Federal
Reserve Chairman Alan Greenspan finds himself in the position of recommending
the highest tax rates in more than a decade. The Public
Banking Movement Comes of Age The public banking movement is becoming mainstream thanks to great work
done by thoughtful and dedicated researchers like Ellen Brown, author of “Web
of Debt.” National / World Bipartisan Congress Rebuffs Obama on Libya Mission Washington Times | The House voted for resolutions telling President Obama he has broken
the constitutional chain of authority via Libya. Romney
says he can heal economy He kicks off
presidential bid by trumpeting his record as a turnaround specialist in
business. (Washington Post) [ Well, he’s certainly not going to do that by
toeing the israeli lobby line as did failed president wobama the b (for
b***s***), despite his recent rhetoric (meaningless coming from wobama the b)
seemingly, but not really in terms of action (he’s literally continued the
perma-war policies of war criminal and moron dumbya bush; ie., Afghanistan,
Libya, etc., Drudgereport: FLASHBACK:
Obama: U.S. Involvement Would Last 'Days, Not Weeks'... OBAMA
FIGHTS FOR HIS RIGHT TO BOMB LIBYA... Deadliest
day this year... WARS
RAGE ON...
U.S.
Dead in Afghanistan Tops 1,500... OBAMA
HITS GOLF COURSE FOR ROUND NO. 70... ON
THE GROUND IN LIBYA
. This despite the defacto bankruptcy of the nation. It is time to tell
the mentally deficient at the pentagon along with other war mongering neocons
that the days of their easy money, fog of war thefts (ie., 360 tons of $100 bills flown into Iraq and ‘disappeared’, etc. ) and nebulously
fat budgets are over. Stated another way, math, economics, and finance count.
I’d say law should count but we all know that’s not the case in meaningfully
lawless america ( The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed). Obama
is committed to Israel (Washington Post) Rahm Emanuel He’s been invested since
his first days in office.{Yes! I do believe this is among the few instances
when emanuel is telling the truth; and, pervasively corrupt, defacto bankrupt
america has the red ink, red blood (of u.s. soldiers), and failed geopolitical
strategy to prove it.}
Robert
Gates: Kucinich move on Libya ‘dangerous’ Politico | Gates says
move to end Libya attack would undermine alliances and military
operations. House
Republicans Kill Kucinich’s Libya Withdrawal Bill FoxNews.com | Yanked from
schedule only after it became clear that it might succeed. { In robert gates’ cia-alice-in-wonderland
world, a failed defacto bankrupt american banana republic with gunboat
diplomacy will do just fine (thank you very much for your wasted tax dollars).
}
Tough
choices in Europe over Greece Greece will need more than $40 billion to keep itself afloat and
sidestep a nightmare scenario: a default by one of the countries that use the
euro. (Washington Post) [ Fait accomplis? I’d say, ‘look homeward hell’s
angels’. After all, we do have near 50
such fiscal basket-cases here in the pervasively corrupt, defacto bankrupt
disunited states. Meanwhile, america / nato are frittering money / resources
away . http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED
THAT THE US HAD KILLED OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME
UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS
THAT OSAMA BIN LADEN ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE
WHITE HOUSE DIDN'T WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED
FORWARD". IT IS POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO
STAGE A "REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED
STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST… Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Though having but 5% of the world’s population, u.s. has
76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]: Focus
Is on Obama as Tensions Soar Across Mideast (NYT) [ Adapt? I don’t think so!
I do believe that both nations are regressively but nostalgically trying bring
the world back to failed geopolitical paradigms that made the 20th century the
bloodiest century, not coincidentally the american century (obviously for
israel the latter half century). Yet, such a conditioned psychopathic approach
to global matters has led them self-destructively, self-defeatingly, and
ineluctably to decline, fall. .. Orwellian approach fostered by the purveyors
of global unrest; viz., israel, america, Orwellian england, etc.;more
specifically, diversion of the masses from the glaring failures of leadership,
economic and otherwise. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Soros-funded leftist group pushes internet control WND.com | Documents released in response to a Freedom of Information request from
Judicial Watch revealed collusion between FCC and Soros group. Following Shooting, Miami Cops Grab Cell Phones at
Gunpoint, Destroy Them Carlos Miller | Miami Beach
police did their best to destroy a citizen video that shows them shooting a man
to death in a hail of bullets Memorial Day. Bill of Rights: An Endangered Species Kurt Nimmo | The 1st Amendment is under attack from federal, state, local police and
private security goons. Drudge Drives TSA Controversy To Viral Status Paul Joseph Watson | Much to the chagrin of the establishment media, Matt Drudge is still
the King of Internet news No “Conspiracy Theory”: Wikileaks Cable Confirms North
American Union Agenda Paul Joseph Watson | Mission to merge United States, Canada and Mexico into monetary and
political union labeled “conspiracy theory” by establishment media. The Spirit of Thomas Jefferson Lives in Nullification Alexander Meyer | We have unchallenged Federal power coming face to face with the boiling
passion of a grass roots revival for liberty. GOP
Establishment Attempting To Redistrict Ron Paul Out Of Office A Democratic consultant tells the Texas Tribune that it
is no coincidence that a proposed congressional redistricting map would
significantly alter District 14, the seat firmly held by Ron Paul for the last
fourteen years. Ron
Paul: “Barack Obama and the big government crowd are destroying our economy” Today, a spokesman for Congressman Ron Paul’s 2012
Republican presidential campaign remarked on the most recent U.S. jobs report
and the state of the American economy. See comments below. Chossudovsky:
US, NATO clearly going into ground war Russia’s foreign minister has criticized the way the UN resolution on Libya
is being implemented, in the wake of NATO’s 90-day extension of its mission
there. Sergey Lavrov says NATO’s actions go beyond the scope of the resolution
and undermine international law. According to Michel Chossudovsky from the
Canadian-based Center for Research on Globalization, there are clear signs that
we might soon see American boots touch Libyan soil. Japan staff exceed
radiation limit The operator of
Japan’s crippled nuclear power plant said two workers have exceeded a radiation
exposure limit for men. TSA
On The Ropes; Budget Slashed, Texas Grope Ban Returns Days after a top TSA official conceded that the agency
would be forced to reconsider its policies in the aftermath of a nationwide
backlash against invasive screening procedures, the agency was dealt another
two huge blows yesterday with the news that the TSA budget would be slashed by
$270 million, in addition to the return of a bill in Texas that would make
grope-downs a felony. Texas Senate Under Siege EXCLUSIVE footage of Alex Jones’ powerful speech on the
steps of the Texas Senate chamber, rebuking those who betrayed liberty and
worked to kill the bill that would protect passengers from TSA groping. The
Sky Is Falling, It Is Time To Panic And The U.S. Economy Has Fallen And It
Can’t Get Up So many economists and
financial pundits seem absolutely shocked that the U.S. economy is slowing down
again. It is as if this latest wave of bad economic data has caught them
completely by surprise.
Investors Await Jobs Report: Dave's Daily ‘ ETF Center Thursday was a quiet day in trading
but disappointing economic news still dominated. Jobless Claims came in beneath
expectations despite being slightly better than the previous week; however, the
four-week moving average is 30K higher. Chain Store sales were disappointing
with pundits blaming the weather again. Factory Orders missed consensus
forecasts at -1.2%. Lastly, not that it's much of a surprise, Moody's warned it
could downgrade U.S. bond ratings should the budget deficit and debt not be
resolved. So, do you think Turbo-Tim would ever stiff "the Beard"?
Anyway, the big number on Friday is the employment data . Estimates have been frantically
reduced over the week given other poor data. The current consensus is 170K
jobs, which is quite low, so upside surprises may be built in given all the
downward revisions. Also on tap is ISM Services Index which is expected to
increase to 54 from 52.8. After yesterday's big down day
markets achieved some hard fought stability. It's strange to think the
employment report will hold surprises but it's Friday and bulls definitely want
to go out feeling better. The Fed was quiet Thursday but underwriters are busy
getting some new issues to market ("while the getting's good")
including Groupon and Pandora. These companies saw what happened with LinkedIn
and they want their piece of the action. Volume continued at a higher level as
bulls and bears fought it out. Breadth per the WSJ was mixed. ‘ Beware
the next big fraud When will we see
the next big fraud and a massive burst in the secondary markets bubble? Not
soon enough, I fear. (Washington Post) [ Next? How ‘bout we’re still in the
midst of that continuing multi-trilliion dollar fraud marked to anything … The frauds on wall
street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed), Billion
Dollar Fund Managers Agree: The Government Never Fixed the Underlying Economic
Problems, So We’ll Have Another Crash infowars.com While the snake oil salespeople at the retail
investing level and the bobble heads on the kool aid selling financial channels
have been saying for years that we’re in a “recovery” (albeit a slow one),
billion dollar fund managers say that nothing has changed and we’ll have
another crash … Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of
it and in fact continues most of the policies that helped get us here in the
first place’ ‘INSIDE JOB’
Ferguson wins Oscar for Documentary on the unprosecuted massive extant fraud in
the (many) TRILLIONS by the frauds on wall street ( and declares with oscar in
hand that not one high level wall street exec has been prosecuted … despite
‘earning’ billions from the fraud ) . Dave's
Daily 'If you can keep interest rates this
low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares
and pay dividends with what essentially is taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year
Harding / April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This is an especially great opportunity to sell /
take profits while you still can since there's much worse to come! Remember:
‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock
sales is telling. At 565 sells for every 1 buy, it’s never been
higher. Yes, it’s normal for insiders to be selling some of their stocks so
they can buy new yachts and some of this is pre-planned. But that ratio — which
has spiked recently — is extraordinarily high, one might even say
off-the-chart.] ]
20
Questions To Ask Anyone Foolish Enough To Believe The Economic Crisis Is Over The Economic
Collapse | We are still in the middle of a full-blown economic
crisis and things are about to get even worse.
Tough
choices in Europe over Greece Greece will need more than $40 billion to keep itself afloat and
sidestep a nightmare scenario: a default by one of the countries that use the
euro. (Washington Post) [ Fait accomplis? I’d say, ‘look homeward hell’s
angels’. After all, we do have near 50
such fiscal basket-cases here in the pervasively corrupt, defacto bankrupt
disunited states. Meanwhile, america / nato are frittering money / resources
away . http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED
THAT THE US HAD KILLED OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME
UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS
THAT OSAMA BIN LADEN ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE
WHITE HOUSE DIDN'T WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED
FORWARD". IT IS POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO
STAGE A "REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED
STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST… Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Though having but 5% of the world’s population, u.s. has
76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world combined...
fed employees / contractors, cia, all 3 branches of u.s. gov’t, etc., are
included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]: Focus
Is on Obama as Tensions Soar Across Mideast (NYT) [ Adapt? I don’t think so!
I do believe that both nations are regressively but nostalgically trying bring
the world back to failed geopolitical paradigms that made the 20th century the
bloodiest century, not coincidentally the american century (obviously for
israel the latter half century). Yet, such a conditioned psychopathic approach
to global matters has led them self-destructively, self-defeatingly, and ineluctably
to decline, fall. .. Orwellian approach fostered by the purveyors of global
unrest; viz., israel, america, Orwellian england, etc.;more specifically,
diversion of the masses from the glaring failures, economic and otherwise. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
D.C.
area no longer a leader in creating jobs (Washington Post) [ I’d say that
such is a distinction without a significant difference inasmuch as near all
‘new’ jobs above the ‘new’ normal are makeshift and predominantly politically
(not productively) motivated in origin. Do not fall for these ‘new renaissance’
sound bites / pep talks / spin sessions. Those deals, however misguided, are
done. Those real jobs are not coming back for the foreseeable future that
counts. The bell can not be ‘unrung’. Moreover, the ever less productive / make
shift service jobs (including governmental, federal, state, local) have hit the
wall in terms of budgetary constraints.
The
Market’s Wall of Worry [ http://blogs.forbes.com/robertlenzner/2011/05/29/the-markets-wall-of-worry ] Robert
Lenzner Street Talk ‘
*The bottom line all talks of cuts is less federal, state
and local spending. Removes money from income total for the nation.
*Meanwhile, cost of healthcare, food,
transportation continues to rise squeezing middle class.
*The yield on 10 year Treasuries is 3.11% and trending
lower in anticipation soifter economy.
*Housing market could continue weak for some years, not
months, affecting millions of ordinary Americans.
* Price of crude oil makes gasoline expensive and brings
demand destruction.
* Stocks rally now over 2 years old. Commodities have
also run up bigtime.
* China trying to slow its economic growth and having
difficulty doing so.
*Europe facing costly bailouts troubled nations and
weaker financial institutions.
*Showdown over Palestinian state could lead to another
outbreak hostilities in the Middle East.
*If US, Europe and China slowing what are the prospects
for global economy, corporate profits, market valuations?
*Japan badly hurt by earthquake and tsumami.
*Trade volumes decline more sharply than output during
downturns according to The Economist.
*But OECD predicts GDP up 4.2% and trade volumes gain 8%.
The
Beginning of the End of QE2 and 18 Other Issues Making Investors Nervous Tue May 31st,
2011 Lloyd Khaner Lloyd's Wall
of Worry QE II.. first time in
head-to-head competitive history, both teams may find a way to lose.
INVESTOR SENTIMENT: Call it a Dickens
Market -- it was the best of times and now it’s nearly the worst of times as
extreme bullish sentiment becomes extremely bearish in just a week or so. LinkedIn ( LNKD ) IPO
shares and flipped them, thus declaring huge profits and retirement. The market
mystery continues… It's about
how hard you can get it and keep moving forward. How much you can take and keep
moving forward ." For what it’s worth, my money’s on Japan moving
forward again. "Green Acres is the place for me." “Animal House, Animal House.”
Discouraging
news on the economy Stocks tumble
after data on manufacturing, jobs and home prices dash sunny expectations.
(Washington Post) [The key here is expectations based on what. I, and others
have been saying such expectations have been based upon total b***s***,
manipulations, if not outright fraud. Certainly the toxic assets now marked to
anything as per legislated professional criminal courtesy in the form of FASB
rule change will figure prominently in the next phase of this ongoing economic
/ financial crisis / debacle, the worst of which is yet to come, having been
exacerbated thereby. Moreover, it’s now clear that the fed’s machinations have
failed, benefited fraudulent wall street and insiders only, to everybody else’s
expense and detriment including a hyperinflationary environment some (including
El Erian of PIMCO) euphemistically refer to as stagflation. Dow
Down 280: Stocks Tumble as Bulls Throw in the Towel on Jobs The Daily
Ticker (6/1/11) Top
3 Reasons Markets Got Drop Kicked After Horrible Jobs and Manufacturing Data Wall St. Cheat
Sheet U.S.
Markets and ETFs Stumble On Weak Economic Data ETF Trends / [ What a
difference a day makes: previous (May 31,2011) Globally, and in fraudulent
america particularly, the stock markets / bourses are a total joke as they try
to window dress their end of month figures based on b*** s*** alone. We’ve seen
this before as it played out in the prior phase of this ongoing financial
crisis. Shiller Home Price Index comes in at 100% worse than expectations … and
don’t forget, that includes the dollar debasing realities which makes this
report even more dire. Take this ‘me too’ pop on fraudulent wall street as an
especially great opportunity to sell, take profits since there is much, much
worse to come. Remember: ‘sell in May and go away’ … so … don’t be a lune,
loon, sell in June! Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a
devastating long-term economic decline..’ ]
States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall
street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed), and have used the mideast turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this
low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares
and pay dividends with what essentially is taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year
Harding / April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This is an especially great opportunity to sell /
take profits while you still can since there's much worse to come! Remember:
‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock
sales is telling. At 565 sells for every 1 buy, it’s never been
higher. Yes, it’s normal for insiders to be selling some of their stocks so
they can buy new yachts and some of this is pre-planned. But that ratio — which
has spiked recently — is extraordinarily high, one might even say
off-the-chart.]
[ ABC (Dizzyney) is a pathetically horrible
network; unimaginative, devoid of creative programming and with the weakest broadcast
signal to boot (those ‘reality’ things they do … and look at their new offering
… ‘combat hospital’ … just what everyone wants to see … ‘real blood and guts?’
(oooh! So timely and ‘johnny on the spot’, like their ‘seal 6’ fiasco) … I hope
so if they’re that of their management personnel … they should be barred from
championship broadcasting! Terrible! Pathetic! I don’t know how they’re still
in business. Oh … I almost forgot … they’re the ‘american broadcasting company’
… succeeding through failure since nothing succeeds like failure in america
today. Let me add NBC (with the exception of the stellar ‘Saturday Night Live’)
to the foregoing reality (apprentice, etc.? Who is tacky / dumb enough to waste
time watching that s***. ] A Close Look Under the Hood - Was
QE2 a Giant Waste of Money? Simon Maierhofer, June 2, 2011 ‘Some things are obvious, some things are not. It's
obvious that QE2 lifted stocks while leaving the real estate market (NYSEArca: IYR - News ) to fend for
itself.
This article will take a deeper look under the hood and
show what QE2 could and couldn't do. More importantly, it will highlight how QE
(or the lack thereof) should affect your investment decisions.
QE2 and GDP
Even though Gross Domestic Product (GDP) is an absolutely
outdated and misleading measure of a country's economic health (more about that
in a moment), we'll take a look at how QE2 affected GDP.
GDP for Q4 2010 increased 3.1%. GDP for Q1 2011 was
expected to come in at 2.1% but was only 1.8%. This is a deceleration of growth
and not what we'd like to see.
Back to why GDP is misleading. GDP is calculated by
summing up consumer spending, government outlays (such as benefits and interest
payments), gross investments and exports and subtracting imports. All but
exports fall under government spending.
GDP however, does not distinguish how government spending
is financed. All the government spending that has brought the U.S. to the
brink of insolvency is reflected in the GDP. As the chart below shows, the
government entitlements (such as unemployment benefits, etc.) account for over
35% of personal income.
http://www.etfguide.com//contributor/UserFiles/8/Image/Government%20entitlements.gif
Personal income accounts for about 75% of GDP. Therefore
government spending - which is the polar opposite of organic economic growth -
makes up over 26% of GDP growth.
QE2 and Troubled Banks
Here is one statistic that adds new meaning to why
some banks are simply 'too big to fail.' Of the 7,574 federal insured banks,
11.7% are on the FDIC's 'problem list.'
From January to March 2011, the banking (NYSEArca: KBE - News ) and financial
(NYSEArca: XLF - News ) industry reported $29 billion in
earnings, the highest number since before the financial crisis.
$24.4 billion of the $29 billion were generated by the
1.4% of banks with assets exceeded $10 billion. Of course the largest banks
received massive bailouts and record low-borrowing rates. While large banks
have recovered, regional banks (NYSEArca: KRE - News ) have been left
to fight for the leftover crumbs.
QE2 has been great for Chase, Wells Fargo, Goldman Sachs,
Bank of America and the likes, but the neighborhood bank at the corner is
likely struggling.
QE2 and Wealth
According to the Boston Consulting Group (BCG), global
wealth grew by $9 trillion, or 8%, to $121.8 trillion in 2010. BCG includes
cash and securities, but excludes holdings in businesses, residences and luxury
goods. The world's collective investments and savings have surged $20 trillion
from the 2008 lows and left the world $10 trillion richer than in 2007. A look
at the iShares MSCI EAFE (NYSEArca: EFA - News ) and iShares MSCI
Emerging Markets ETF (NYSEArca: EEM - News ) confirms this.
QE2 is not solely responsible for this global wealth
increase, but it had a lion share in the $3.6 trillion gain in North America.
No doubt the government is happy to tax a good portion of that wealth. From a
tax point of view, QE2 may well have been worth its $600 billion price tag.
In terms of job creation, QE2 failed miserably. A recent
SmartMoney.com article points out that QE2 has created maybe 700,000 full-time
jobs at a cost of around $850,000 each. The percentage of the population in
work is lower today than last August (58.4% vs. 58.5%).
QE2 and Stocks
Denominated in dollars, you and I know that the S&P
(SNP: ^GSPC), Dow Jones (DJI: ^DJI) and Nasdaq (Nasdaq: ^IXIC) rallied around
100% or more from the March 2009 lows. Measured in hard currency however,
SmartMoney reasons that the S&P has risen by just 8.4% in Swiss francs.
Measured in gold (NYSEArca: GLD - News ), the S&P 500 (NYSEArca: IVV - News ) is up just 4.5%.
So while QE2 has created some wealth, it appears to also
have created an illusion of wealth, probably even another bubble. Not many
bubbles stay afloat without continuous air inflow. The cash inflow for the QE2
bubble is about to end and the search for a pin has begun …’
[ It’s
quite amazing that the so-called ‘professionals’ seek solace and comfort from
mechanical application of technical analysis when focus on fundamentals which
are less prone to obfuscation / manipulation which ultimately has led to fraud
after successful fraud, debacle after debacle.
]
[$$]
Expect More 'Unexpectedly' Weak Economic Data at
Barrons.com Stocks Sink Again; Wal-Mart Slips 1.4% Pops & Drops: Orbitz, Gap...
Stocks struggle amid US slowdown fears
Wall Street ends flat after volatile day; jobs ahead US STOCKS-Wall St ends flat after volatile day; jobs ahead
Fears Grow Over
Double-Dip Recession One fund
manager calls it a horror show, others are predicting the Federal Reserve will
have to extend its unconventional measures and stocks across the world are
falling heavily. Did
The Fed Just Give The Green Light To Sell The Stock Market? Remember when the president uttered the magic words back
in March 2009, when he said that “profit and earning ratios [whatever the hell
those are] are starting to get to the point where buying stocks is a
potentially good deal if you’ve got a long-term perspective on it” giving the
green light for the 2 year bear market rally? Consumer
Confidence Is Now Lower Than During All Recent Financial Crises And Tragedies One chart stands out in today’s Breakfast with Rosie: the
comparison of yesterday’s surprisingly weak Consumer Confidence number with
comparable prints taken at financial crises and tragedies of the past such as
the October 1987 markets crash, Desert Storm, LTCM, the dot com collapse,
September 11, Katrina, and Lehman. Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a
devastating long-term economic decline..’ ]
States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall
street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed), and have used the mideast turmoil to obfuscate their failure. Davis ‘This is how
we pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE OF
CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this
low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares
and pay dividends with what essentially is taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year
Harding / April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This is an especially great opportunity to sell /
take profits while you still can since there's much worse to come! Remember:
‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock
sales is telling. At 565 sells for every 1 buy, it’s never been
higher. Yes, it’s normal for insiders to be selling some of their stocks so
they can buy new yachts and some of this is pre-planned. But that ratio — which
has spiked recently — is extraordinarily high, one might even say
off-the-chart.]
Moody’s Warns of US
Default
National
/ World
Texas
Senate Under Siege TheAlexJonesChannel | EXCLUSIVE footage of Alex Jones’ powerful speech on the steps of the
Texas Senate chamber, rebuking those who stopped the bill that would protect
passengers from TSA groping. Alex Reunited with Trooper Who Arrested Him for Thumbscan
Refusal TheAlexJonesChannel | Alex Jones happens upon the very state trooper who
arrested him 14 years ago for refusing to thumbscan for a driver’s license at
the TSA protest. 10 Reasons Why The “Economic Recovery” Is a Fraud Paul Joseph Watson | Americans have been continually deceived about the true state of the
financial system. QE3 and the Globalist Plan to Destroy the Dollar Kurt Nimmo | Even market gurus are coming around to the fact the economic crisis is
not accident. VIDEO: Woman Screams For Help After TSA Molestation Steve Watson & Paul Joseph Watson | Agents threaten to confiscate son’s bags, have him
arrested as punishment for filming ordeal. Military
Escalation: “Phase Two” of the War on Libya A new phase of the war is unfolding leading to a process of military
escalation as well as the eventual landing of US-NATO commandos on Libya’s
shores.
10
Reasons Why The “Economic Recovery” Is a Fraud Yesterday’s so-called “horror” show for the US economy
with the release of new data illustrating how the economic “recovery” has all
but ground to a halt was met with feigned astonishment and shock by the
establishment media, and yet for the past two years the public has been
continually deceived about the true state of the financial system. Moody’s Warns of US
Default Moody’s Investors
Service, the credit ratings agency, warned of a “very small but rising risk”
that the US could default on its debt, adding pressure on Congress and the
Obama administration to overcome severe political divisions and strike a deal
on fiscal policy. Pentagon
Warns Of M.A.D. Should The War Powers Act Be Enacted And US Withdraw Its Troops
From Libya Who says Mutual
Assured Destruction is to be used only by bankers: our military leaders appear
to have mastered the strategy of getting what they want to warning about all
hell breaking loose, just as effectively. Alex
Reunited with Trooper Who Arrested Him for Thumbscan Refusal While routing out the globalist forces at the Texas
Capitol behind killing the anti-TSA bill, Alex Jones happens upon the very
state trooper who arrested him 14 years ago for refusing to thumbscan for a
driver’s license. QE3
and the Globalist Plan to Destroy the Dollar Mohamed El-Erian, chief executive officer at Pacific Investment Management
Co., told Bloomberg today the Fed’s quantitative easing policy failed to meet
the “ultimate objective” of boosting employment and economic growth. VIDEO:
Woman Screams For Help After TSA Molestation Video of an incident recorded over the memorial weekend at Sky Harbor
International in Phoenix, AZ, documents how the TSA deal with people who are
traumatized by grossly invasive enhanced pat downs. Hail Caesar Although the financial press speculates about a downgrade
of the US government’s credit rating and default if political impasse prevents
the debt ceiling from being raised in time, I doubt anyone really believes that
the debt ceiling will not be raised. It is just all a part of the political
theater of the next couple of months. ‘Gaddafi
is not bin Laden, NATO would bomb him to death if knew where he was’ NATO is extending its operation in Libya by another three
months. The Alliance chief says the decision is meant to signal to Colonel
Gaddafi that the coalition is determined to fulfill the UN mandate to protect
Libyans.
Robert
Gates: Kucinich move on Libya ‘dangerous’ Politico | Gates says
move to end Libya attack would undermine alliances and military operations.
House
Republicans Kill Kucinich’s Libya Withdrawal Bill FoxNews.com | Yanked from
schedule only after it became clear that it might succeed.
Afghan
leader warns NATO not to become ‘occupying force’ | Karzai
warned NATO-led forces in Afghanistan they were at risk of being seen as an
occupying force. [ Duh! What a bag of hot air karzai is! ]
VIDEO: Woman Screams For Help
After TSA Molestation... IT MIGHT BE MY WEINER! 'This Could Be The End For
Him'... 'Have You Ever Taken A
Picture Like This Of Yourself?'... WEINER CALLS COPS ON CBS WASHINGTON (CBSNewYork) — ‘Congressman Anthony Weiner said Thursday he’s finished talking about
the lewd photo sent from his Twitter account.But he still wouldn’t say whether
he’s the one in the picture .So CBS 2
political reporter Marcia Kramer decided to go to his office on Capitol Hill to
try to get you some answers.You’ll never believe what happened.Kramer tried to
get an interview with the six-term New York Democrat and as a result had the
cops called on her.Kramer walked in to Weiner’s office, announced herself as
being from CBS 2 in New York City and said she’d like to see the congressman.
Those few words created quite the stir. Doors slammed and people pretended she
wasn’t there ...’ Weiner’s
efforts don’t cool furor The congressman said that he didn’t send a
lewd photo on Twitter but also that he couldn’t “say with certitude” whether
the image was of his own crotch. (Washington Post) [ ‘Weiner’s weiner’! ‘Not cool furor’ … how ‘bout just plain ‘not
cool’. Eh … what can you expect from national drain / sinkhole new york (new
york / new jersey metro). I haven’t read but probably agree with the following
article: Listen
up, fellas: Naked man-parts? Not so sexy. (Washington Post) / … Even Mr. Milbank weighs in: ‘ The
Weiner roast Congressman finds himself in a fight he does
not relish.’ Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar (sic – lawyer) is one of those
typically with a ‘pre or post’ arrangement, whether implicit or explicit; you
know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt,
fallen america. Indeed, the scenario
typifies that national drain / sinkhole new york (new york / new jersey metro)
where, for example, FBI informants were routinely exposed by ‘italians’ in the
new york d.a.’s office over objection of the FBI, and were promptly
‘dispatched’/assassinated / hit by mafia / organized crime [ this was
documented with authority in the book ‘Goombata: The Improbable Rise and Fall
of John Gotti and His Gang’ John
Cummings (Author), Ernest
Volkman (Author) Though having but 5% of the world’s population, u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]: Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t
think so! I do believe that both nations are regressively but nostalgically
trying bring the world back to failed geopolitical paradigms that made the 20th
century the bloodiest century, not coincidentally the american century
(obviously for israel the latter half century). Yet, such a conditioned
psychopathic approach to global matters has led them self-destructively,
self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs,
extinction, at least in a manner of speaking. Global information exchange at
lightning speed has made such throwbacks to a lost era, propaganda, and
maladaptive traits foolish at best, deadly at worst. Intelligent people
worldwide aren’t buying the obsolete, Orwellian approach fostered by the
purveyors of global unrest; viz., israel, america, Orwellian england, etc..;
more specifically, diversion of the masses from the glaring failures of
leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Dow
Down 280: Stocks Tumble as Bulls Throw in the Towel on Jobs By Aaron
Task The Daily Ticker(6/1/11) ‘A day after
rallying on hopes for a Greek bailout, the stock market tumbled Wednesday
following another round of dismal economic data. The daylong sell-off
accelerated into the close after Moody's downgraded Greek debt late in the
trading day.The Dow shed 2.2% to 12,291 while the S&P and Nasdaq each lost
2.3%, and oil fell the most in three weeks as the "risk on" trade
came unwound in a hurry. Gold rose to a four-week high while Treasury prices
continued to rally; the yield on the benchmark 10-year note fell below 3% for
the first time since early December.The widespread sell-off was widely
attributed to weaker-than-expected reports on U.S. manufacturing, auto sales,
and the ADP's report on private sector payrolls. Just 38,000 private sector
jobs were created last month, the lowest level since September 2010, according
to ADP.While the ADP report has a checkered history of forecasting the Labor
Department's survey, the combination of ADP's report and the national ISM
Manufacturing index hitting its lowest level since 2009 prompted Wall Street
economists to slash their forecasts for Friday's jobs report. Deutsche Bank's
Joe LaVorgna, for example, has cut his forecast for Friday's payroll number two
times this week, to 150,000 currently from 300,000 last week.As my Breakout
colleague Matt Nesto notes in the accompanying clip, Wednesday's weak data
confirms the recent trend, which has been a pervasive slowdown across nearly
every sector of the economy. Citigroup's U.S. Economic Surprise Index, which
whether data is beating or missing estimates, turned negative last month and
now sits at its lowest level since January 2009, Bloomberg
reports . (See: What Recovery? The Economy's Weak And
Getting Weaker, Mish Says) Given the
declining trend has been in place for several weeks (at least), Wednesday has
the look of a "capitulation day" for the remaining econo-bulls. As a
result, the market may be set up for an upside surprise on Friday if the May
jobs number is anything but horrific. While the official consensus estimate is
for 170,000 jobs, the "whisper number" is now 100,000 according to
Reuters.While Jeff
Macke describes today's action as just noise within the trading range
of S&P 1300 to 1340, the heavy selling seemingly confirms the trend of
one-step forward, two-steps back that has been in force since early May. The
question is whether the stock market is just catching on to economic reality or
sniffing out something far worse in the offing, like QE3 or a political
breakdown over the debt ceiling. Aaron Task is the host of The Daily
Ticker. You can follow him on Twitter at @atask
or email him at [email protected]
Top
3 Reasons Markets Got Drop Kicked After Horrible Jobs and Manufacturing Data Wall St. Cheat
Sheet On Wednesday June 1, 2011, ‘ Markets closed down on Wall Street: DJI
-2.22% SP500 -2.28% Nasdaq -2.33% Gold 0.16% Oil -2.87% . Markets were in a
downtrend all day as trading volume remained low. On the commodities
front, Oil ( NYSE:USO ) dropped over $3 from the high of the day to land back
below $100 a barrel. Gold ( NYSE:GLD ) caught some love on the usual QE3 talk and another
downgrade of Greece, while Silver ( NYSE:SLV ) got crushed nearly 5%.
Today’s markets were down because:
1) Economic data sucked . First we started with a much
weaker than expected ADP Employment report . That was the shot heard ’round
Wall Street. Then analysts tripped over each other to lower estimates for
tomorrow’s big Non-Farm Payrolls report. After that, the pessimists were
rewarded again as ISM
Manufacturing missed analyst expectations by a mile. The mantra for
the remainder of the day has been “slowdown”.
2) Automakers offered disappointing news. The mantra
continued as Ford ( NYSE:F ), General Motors ( NYSE:GM ), and Toyota ( NYSE:TM ) announced poor
automobile sales data . But data was brighter for retailers as we noted in our Retailer
Roundup .
3) Tech had another big day. Nokia ( NYSE:NOK ) is getting hit like a bear raid and LinkedIn ( NYSE:LNKD ) broke
technical support as we warned yesterday . On a positive note, Netflix ( NASDAQ:NFLX ) and Apple ( NASDAQ:AAPL ) have a lot of positive focus on their
businesses during the All Things Digital Conference and next week’s Apple
Developer’s Conference. But the stocks are still down in the slaughter.
Bonus: Cisco
Projects Insane Growth in Web-Users and Data Traffic
Now that you’re in the know, enjoy your evening!’
U.S.
Markets and ETFs Stumble On Weak Economic Data ETF Trends [email protected] (Tom Lydon), June 1,
2011, ‘Disheartening
economic data, namely from private-sector jobs and manufacturing growth,
pointed to a slowing economy, sending markets and exchange traded funds (ETFs)
lower.
The Institute for Supply Management index of activity in
manufacturing – the purchasing managers’ index, or PMI – declined from 60.4 in
April to 53.5 in May, which was well below the expected drop to 57.0, report
Steven Russolillo and Brendan Conway for The Wall Street Journal .
Nevertheless, readings above 50 indicate an expanding economy. [ Economic Data
Tempers Gains in U.S. Markets and ETFs. ]
The lower-than-expected employment number from
private-sector jobs in the U.S. only increased by 38,000 last month, whereas
economists had previously anticipated an influx of 190,000. According to the
ADP report, the employment gauge plummeted to 58.2, a low last seen in October
2010, from 62.7.
The ISM’s production index fell from 63.8 in April to
54.0 and new orders dropped from 61.7 to 51.0, a low last seen in June 2009,
write Alex Kowalski and Shobhana Chandra for Bloomberg .
Construction spending inched up 0.4% in April, but the
number was revised downward from the previous month.
SPDR
S&P 500 ETF (NYSEArca: SPY ) is down 1.3%. PowerShares
QQQ (NasdaqGM: QQQ ) is down
1.17%. SPDR Dow
Jones Industrial Average ETF (NYSEArca: DIA ) is down 1.4%.
For more
information on the U.S. markets, visit our S&P 500 category .
Max Chen
contributed to this article .’
It's
A Cyclical Downturn In The Global Economy: Nobody Escapes at Forbes
Robert Lenzner StreetTalk [ Yes. Mr. Lenzner is quite right. And, the natural
concomitant of this cyclical downturn is the secular bear market in this
secular downtrend. That’s the economic and financial reality, exacerbated by
fraud, corruption and what they’re doing and not doing. ] ‘The sharp fall in the industrial
manufacturing index– from 60.4 to 53.5 in a single month is abundant
proof that we have reached a cyclical turn in the economy says Lakshman
Acouthan, CEO of ECRI, a highly respected economic consulting firm in New
York.
“This is a cyclical turn,” Acouthan just told me. “It is
worldwide. Nobody escapes,” the ECRI executive told me after reading today’s
economic tea leaves– which were seriously negative and distinctly
different than the growth predicted by most large Wall Street institutions.
By underscoring “nobody escapes,” I believe Acouthan was
referring to China, where there are signs that higher interest rates and stiff
restrictions on bank reserves have begun to bite into industrial
growth and commodity prices.
Acouthan believes stock markets and commodity prices,
especially metals and energy, will continue to be under pressure.
And Wednesday’s plummeting share prices in the US were
dramatic, as investors ran for the exits and drove the indexes down a
solid 2%. New jobs in the private sector were meager, and home prices weakened
again to the point wherer prices in many cities have returned to pre-2002
levels. I anticipate more softness in residential homes, which wil cetainly
affect consumer sentiment.
Then, too, the yield on 10 year Treasuries, the most
watched interest rate in financial markets, keept falling well below the 3%
mark, closing at a yield of 2.94% just as my bond guru Bob Smith of Smith Capital
had been predicting. So far, PIMCO’s Bill Gross has egg on his face for selling
his Treasury bonds and then going short– betting that interest rates would
spike and bond prices weaken.
GM shares plummeted on the surprisingly weak sales of
autos in the most recent period. By the end of the trading session shares of
integrated oil companies were weaker. Only gold seemed to climb in an
undramatic fashion to finish the day higher.
Sadly, the rout of the risk trade may mean that the Fed’s
monthly $600 billion QE2 quantitative easing has not bolstered the
economy so much as it induced speculation in stocks and commodities.’
Stocks Tumble As Weak Economic Data Prompt Recovery Fears
Steven
Russolillo | U.S. stocks
plunged Wednesday after a slew of downbeat reports prompted fears that the
nation’s economic recovery is running out of steam.
Fed Ready to Print More Funny Money on QE3 Rumors Kurt Nimmo | Latest effort by the Fed to finance the government’s staggering deficit
will end this month.
Amazon
Tax Bill Passes California State Assembly NBC LA | California
could collect more than $1 billion a year by taxing Amazon and other online
retailers if a bill approved by the Assembly becomes law.
House
Republicans Meet With Obama After Rejecting Debt Ceiling Increase Fox | The proposal
to raise the nation’s $14.3 trillion ceiling by another $2.4 trillion failed.
Why
Gold Is Still a Good Long-Term Investment If all currencies are moving up or down together, the question is:
relative to what? Gold is the canary in the coal mine. It signals problems with
respect to currency markets. Central banks should pay attention to it.
Suddenly
Everyone Is Warning About The Next Financial Collapse Are we about to see a repeat of 2008 (or something even
worse)? Suddenly all kinds of people are coming out of the woodwork and warning
that we could be on the verge of the next major financial collapse.
One
percent holds 39 percent of global wealth Around one percent of households have 39 percent of the globe’s wealth
according to a study published Tuesday, pointing to increased inequalities in
the wake of the global downturn.
Billion
Dollar Fund Managers Agree: The Government Never Fixed the Underlying Economic
Problems, So We’ll Have Another Crash While the snake oil salespeople at the retail investing level and the
bobble heads on the kool aid selling financial channels have been saying for years
that we’re in a “recovery” (albeit a slow one), billion dollar fund managers
say that nothing has changed and we’ll have another crash. National / World Stocks Tumble As Weak Economic Data Prompt Recovery Fears
Steven
Russolillo | U.S. stocks
plunged Wednesday after a slew of downbeat reports prompted fears that the
nation’s economic recovery is running out of steam. Three Powerful New Films Coming to the Infowar PrisonPlanet.tv | We have added several exclusive bombshell video interviews for
subscribers at Prison Planet.tv Fed Ready to Print More Funny Money on QE3 Rumors Kurt Nimmo | Latest effort by the Fed to finance the government’s staggering deficit
will end this month. Florida
governor signs welfare drug-screen measure CNN | Claims
welfare payments subsidize drug addiction.
Ron
Paul: We Are Enabling A Future American Dictatorship Steve Watson | 2012
candidate warns that lack of oversight is enabling the rise of a dictatorship
in the US.
The
Federal Reserve Cartel: The Eight Families Dean Henderson | Four
Horsemen of Banking are among the top ten stock holders of virtually every
Fortune 500 corporation.
Fukushima:
French research institute finds high radioactivity NHK | Radiation in
Fukushima Prefecture 60 times higher than the annual reference level.
NATO
extends Libya air war, says Kadhafi will go AFP | NATO
Wednesday extended its Libyan air war by three months. Drudgereport: FLASHBACK:
Obama: U.S. Involvement Would Last 'Days, Not Weeks'...
‘Summer
of War’ by NATO: 90 more days of Libya bombing NATO has declared its extending its operation in Libya by
another three months. The alliance chief says this decision is meant to prove
to Muammar Gaddafi that the alliance is determined to fulfil the UN mandate.
Let’s cross live to James Corbett an editor of an independent news website to
discuss the latest developments. Military
Escalation: “Phase Two” of the War on Libya A new phase of the war is unfolding leading to a process of military
escalation as well the eventual landing of US-NATO commandos on Libya’s shores.
An unprecedented deployment of naval power in the Mediterranean is occurring.
Psych
drug doctors now pushing to add lithium to drinking water Chlorine, fluoride, and the various other chemical poisons
already added to the nation’s drinking water supplies are apparently not enough
for the self-appointed experts whose insatiable lust to force-medicate the
world is never satisfied.
Tiny
Payout In TSA Breast Exposure Lawsuit The U.S. government paid a paltry $2350 to settle a lawsuit brought by a
Texas woman who sued the Transportation Security Administration after her
breasts were exposed during a vigorous frisking at a Texas airport, records
show. Strategist:
World On The Verge Of Great, Great Depression And The Fed Knows It A notable market strategist has told CNBC that the world
is on the verge of the largest financial meltdown in history, warning that Wall
Street is at a loss as to what to do regarding the ailing economy. Stocks sink
as banks slash jobs outlook Stocks skidded on Wednesday as more weak economic data cemented fears the
U.S. recovery was running out of steam and prompted Wall Street firms to slash
forecasts ahead of the closely watched payrolls report on Friday. Obama
Bailout of Gov’t Motors to Cost Taxpayers at Least $14 Billion A report today from the president’s National Economic
Council says the government will lose less than $16 billion — which would
amount to 20% of the $80 billion spent to bail out the U.S. auto industry. Check
Out These Exclusive New Videos At Prison Planet.tv We have added several exclusive bombshell video
interviews for subscribers at Prison Planet.tv – with more to come. Check out
the trailers for these new presentations below and consider becoming a member
at Prison Planet.tv. NATO
extends Libya operations to September NATO said on Wednesday it had extended its Libyan mission for a further 90
days, after Muammar Gaddafi made it clear he would not step down, dashing hopes
of a negotiated end to the uprising against his rule. Fed
Ready to Print More Funny Money on QE3 Rumors Simon Maughn, co-head of European equities at MF Global,
has told CNBC that a third round of so-called quantitative easing is in the
works. The private Federal Reserve will again become the marginal buyer of
bonds. Gen.
Hamid Gul: US will start WW3 if war expands to Pakistan Amid the fallout between Washington and Islamabad over
the killing of Osama Bin Laden, RT spoke to Hamid Gul, former chief of
Pakistan’s Intelligence Agency. He calls the US a haughty empire spoiled by a
sense of authority. Rep.
Paul to Fed: Tell Us Everything, or Else The chairman of the House subcommittee that oversees the Federal Reserve
demanded Tuesday that the Fed fully disclose details of billions — perhaps
trillions — in secret emergency loans it made to almost every major bank in the
U.S. and overseas during the financial crisis or face a congressional subpoena
for the information. Housing
market ‘double dips’ The prices of single-family homes dropped to
their lowest level since April 2009. Consumer
confidence drops to six-month low (Washington Post) [ Little more
much worse than expected very bad news and we’ll see new highs on fraudulent
wall street. And, no; the worse than expected news was not ‘already baked into
valuations / pricing. Just manipulated fraud as before and as always on
fraudulent wall street. Globally, and
in fraudulent america particularly, the stock markets / bourses are a total
joke as they try to window dress their end of month figures based on b*** s***
alone. We’ve seen this before as it played out in the prior phase of this
ongoing financial crisis. Shiller Home Price Index comes in at 100% worse than
expectations … and don’t forget, that includes the dollar debasing realities
which makes this report even more dire. Take this ‘me too’ pop on fraudulent
wall street as an especially great opportunity to sell, take profits since
there is much, much worse to come. Remember: ‘sell in May and go away’ … so …
don’t be a lune, loon, sell in June! Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline..’
] States
face shortfall for retirees (WP) Public workers’ retirement funds had a gap
of $1.26 trillion at the end of fiscal 2009
( The frauds on wall street
et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed), and have used the mideast turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this
low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued …only time the markets have been more
overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This is an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs Navin ‘…1) The
5-year high in the level of insider corporate stock sales is telling. At 565
sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some
of their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.]
Report:
SEC lawyer exposed FBI informant (Washington Post) [ Clearly, the sec liar (sic – lawyer) is one of those
typically with a ‘pre or post’ arrangement, whether implicit or explicit; you
know, that ubiquitous ‘bribe thing’ in pervasively corrupt, defacto bankrupt,
fallen america. Indeed, the scenario
typifies that national drain / sinkhole new york (new york / new jersey metro)
where, for example, FBI informants were routinely exposed by ‘italians’ in the
new york d.a.’s office over objection of the FBI, and were promptly
‘dispatched’/assassinated / hit by mafia / organized crime [ this was
documented with authority in the book ‘Goombata: The Improbable Rise and Fall
of John Gotti and His Gang’ John
Cummings (Author), Ernest
Volkman (Author) Though having but 5% of the world’s population, u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]: Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t
think so! I do believe that both nations are regressively but nostalgically
trying bring the world back to failed geopolitical paradigms that made the 20th
century the bloodiest century, not coincidentally the american century
(obviously for israel the latter half century). Yet, such a conditioned
psychopathic approach to global matters has led them self-destructively, self-defeatingly,
and ineluctably to decline, fall, and as with dinosaurs, extinction, at least
in a manner of speaking. Global information exchange at lightning speed has
made such throwbacks to a lost era, propaganda, and maladaptive traits foolish
at best, deadly at worst. Intelligent people worldwide aren’t buying the
obsolete, Orwellian approach fostered by the purveyors of global unrest; viz.,
israel, america, Orwellian england, etc..; more specifically, diversion of the
masses from the glaring failures of leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Milbank:
Congress clocks in to clock out (Washington Post) [ ‘At 10 a.m. Tuesday morning, the Senate
came to order. Forty-one seconds later, it adjourned. During this legislative
session, there was no bill under consideration, no debate on the floor, not
even an opening prayer or a pledge of allegiance. The only senator in the
chamber was Mark Warner (D-Va.), the presiding officer. ‘After completing his gavel duties, Warner
looked up at the 20 tourists in the public gallery and wondered aloud to the
clerk what the spectators must think of the proceedings.“They think, ‘this is
our government?’ ” the clerk replied. That’s if they’re being charitable. The
Senate is supposed to be in Memorial Day recess this week. But the chamber is
so ungovernable that Majority Leader Harry Reid doesn’t even have the votes to
declare a recess. So he decided instead to have a few “pro forma” sessions,
such as Tuesday’s, allowing senators to take a vacation without voting for it.
In a sense, the Senate has been in a pro-forma session all year…’ Now who’s
being charitable … I’d say Mr. Milbank in his euphemistic description supra as
well as his unflinching defense of
wobama the b (for b***s***) despite wobama’s reneging on virtually all his
campaign promises / rhetoric to the nation’s unequivocal detriment. Thus, it is
indeed Mr. Milbank, journalistically speaking, who as well clocks in to clock
out. Simply put, wobama is nothing less than the worst of the democratic
platform combined with the worst of the republican platform. At near single
digit approval rates for congress, I find it difficult to imagine a realistic
approval rate for wobama exceeding same.
Davis ‘This is how we pay off our current debts and I
think bondholders are simply happy to get anything out of a country that admits
it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire
global GDP) in the form of unfunded liabilities. The funniest thing about this
(and you have to laugh) is to see Conservative pundits get on TV and talk about
how we need to cut $100Bn worth of discretionary spending to "fix"
this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for
the top 1% each year). There is no fixing this and even a Republican said you
can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS
– PLEASE BE CAREFUL OUT THERE! ‘ Senate
Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a hard
place called Afghanistan; indeed they are. [ Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Jones |
U.S. intelligence is that bin Laden needs dialysis every 3
days/ http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST MOMENTS BEFORE PRESIDENT OBAMA
ANNOUNCED THAT THE US HAD KILLED OSAMA BIN LADEN, THE WHATREALLYHAPPENED
WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE ATTACK. THIS PAGE,
WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED IN DECEMBER OF 2001, APPEARS
TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS
"CATAPULTED FORWARD". IT IS POSSIBLE THAT THIS IS THE OPENING GAMBIT
IN A PLAN TO STAGE A "REVENGE" ATTACK FROM "AL QAEDA" ON
THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST… FLASHBACK: Editorial:
US in quagmire
War
in Afghanistan and Iraq costs America $1trillion Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and
personal testimony, an ex-Justice official who quit over the handling of a
voter intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Karzai
orders change in U.S. strategy
Afghan president’s ultimatum could complicate U.S. drawdown. (Washington
Post) [ Karzai’s always been hot-air
and antithetical to the true sovereign interests of Afghanistan, acting
more as a war criminal nation american shill.
Davis ‘This is how we pay off our current debts and I
think bondholders are simply happy to get anything out of a country that admits
it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire
global GDP) in the form of unfunded liabilities. The funniest thing about this
(and you have to laugh) is to see Conservative pundits get on TV and talk about
how we need to cut $100Bn worth of discretionary spending to "fix"
this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for
the top 1% each year). There is no fixing this and even a Republican said you
can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS
– PLEASE BE CAREFUL OUT THERE! ‘ Senate
Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a hard
place called Afghanistan; indeed they are. [ Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Jones |
U.S. intelligence is that bin Laden needs dialysis every 3
days/ http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST MOMENTS BEFORE PRESIDENT OBAMA
ANNOUNCED THAT THE US HAD KILLED OSAMA BIN LADEN, THE WHATREALLYHAPPENED
WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE ATTACK. THIS PAGE,
WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED IN DECEMBER OF 2001, APPEARS
TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS
"CATAPULTED FORWARD". IT IS POSSIBLE THAT THIS IS THE OPENING GAMBIT
IN A PLAN TO STAGE A "REVENGE" ATTACK FROM "AL QAEDA" ON
THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST… FLASHBACK: Editorial:
US in quagmire
War
in Afghanistan and Iraq costs America $1trillion Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and
personal testimony, an ex-Justice official who quit over the handling of a
voter intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
House
rejects debt ceiling increase
The 317-to-98 vote was a bipartisan rejection of extending the nation’s
current debt limit of $14.3 trillion unless major spending reductions accompany
the legislation. (Washington Post) [ Well, perish the thought that increases in
liabilities should be commensurate with decreases in liabilities to maintain a
… balance … sheet? At this point, who’s counting? After all, are there really
degrees of defacto bankruptcy? Or, an either / or absolute state; viz., you are
or you’re not defacto bankrupt. Pervasively corrupt, defacto bankrupt america
is in fact defacto bankrupt! … Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press” climaxed Sunday with a startling market
prognostication from David Brooks, conservative columnist for the NY Times . The risk of a debt default over the
combustible issue of the Medicare deficit hangs over the course of the stock
market. Buyers Beware!“I was up in Wall Street this week,” Brooks said.
“They’re vastly underestimating the source of piolitical risk here. We could
have a major problem, I think, either this summer or the next couple years. And
I’d be worried about investing too much in the market. That’s my financial
advice.”I have to admit Brooks woke me up. I had blithely been assuming a deal
to raise the debt limit would get resolved at the last minute–the classic
American way. But, the showdown between Republican cutters and Democrat
defenders of Medicare may a lot more treacherous a path than I anticipated.And
the potential deep cuts underscore what I mentioined in my “Market’s
Wall of Worry” post yesterday about the prospects of the
Income line of the GDP being reduced by necessity. Cut Medicare and
lerss money will be spent on health care, less money on medical instruments,
less money on drugs, on pills, on doctotrs visits.Less money on healthcare
means less money circulating and so less tax revenue. It’s a future
scenario few of us want to contemplate. A runup to possible default will not be
positive for the stock market. Even if dfefault is avoided then, the
notion that Wall Street doesn’t get the crisis measns there’s too much denial
of reality in stock prices. I’m with David Brooks.’ … TEMPLETON
chairman: Financial Crisis 'Around Corner'... By Kana Nishizawa / Bloomberg - May 30,
2011 ‘
Mark
Mobius , executive chairman of Templeton Asset Management’s emerging markets
group, said another financial crisis is inevitable because the causes of the
previous one haven’t been resolved …’ STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Business
Insider Joe Weisenthal …
Globally, and in fraudulent america
particularly, the stock markets / bourses are a total joke as they try to
window dress their end of month figures based on b*** s*** alone. We’ve seen
this before as it played out in the prior phase of this ongoing financial
crisis. Shiller Home Price Index comes in at 100% worse than expectations … and
don’t forget, that includes the dollar debasing realities which makes this
report even more dire. Take this ‘me too’ pop on fraudulent wall street as an
especially great opportunity to sell, take profits since there is much, much
worse to come. Remember: ‘sell in May and go away’ … so … don’t be a lune,
loon, sell in June! Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the
middle of a devastating long-term economic decline..’ ] States
face shortfall for retirees (WP) Public workers’ retirement funds had a gap of $1.26 trillion at
the end of fiscal 2009 Study:
Affordable rentals scarce
(WP) Poll:
For Obama, low marks on Afghan war (WP) More Americans disapprove of President
Obama’s management of the war in Afghanistan than support it Fuel
prices cut into Obama popularity (WP)
(The frauds on wall street et als should be
criminally prosecuted, jailed, fined, and disgorgement imposed), and have used
the mideast turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this low this long, its inevitable
cheap financing can allow companies to start cobbling each other up. Further
Ben's policies allow companies like IBM to sell bonds at 1% and buy back shares
with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back
their shares and pay dividends with what essentially is taxpayer money--
… an especially great opportunity to sell / take profits while you still can
since there's much worse to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime
Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell
Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller , the market is
now 41% overvalued …only time the markets have been more overvalued .. 1929
& tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the
level of insider corporate stock sales is telling. At 565 sells for every 1
buy, it’s never been higher. Yes, it’s
normal for insiders to be selling some of their stocks so they can buy new
yachts and some of this is pre-planned. But that ratio — which has spiked
recently — is extraordinarily high, one might even say off-the-chart.]
Globally,
and in fraudulent america particularly, the stock markets / bourses are a total
joke as they try to window dress their end of month figures based on b*** s***
alone. We’ve seen this before as it played out in the prior phase of this
ongoing financial crisis. Shiller Home Price Index comes in at 100% worse than
expectations … and don’t forget, that includes the dollar debasing realities
which makes this report even more dire. Take this ‘me too’ pop on fraudulent
wall street as an especially great opportunity to sell, take profits since
there is much, much worse to come. Remember: ‘sell in May and go away’ … so …
don’t be a lune, loon, sell in June! Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a
devastating long-term economic decline..’ ]
States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall
street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed), and have used the mideast turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this
low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares
and pay dividends with what essentially is taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year
Harding / April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This is an especially great opportunity to sell /
take profits while you still can since there's much worse to come! Remember:
‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock
sales is telling. At 565 sells for every 1 buy, it’s never been
higher. Yes, it’s normal for insiders to be selling some of their stocks so
they can buy new yachts and some of this is pre-planned. But that ratio — which
has spiked recently — is extraordinarily high, one might even say
off-the-chart.]
The
Market’s Wall of Worry [ http://blogs.forbes.com/robertlenzner/2011/05/29/the-markets-wall-of-worry ] Robert
Lenzner Street Talk ‘
*The bottom line all talks of cuts is less federal, state
and local spending. Removes money from income total for the nation.
*Meanwhile, cost of healthcare, food,
transportation continues to rise squeezing middle class.
*The yield on 10 year Treasuries is 3.11% and trending
lower in anticipation soifter economy.
*Housing market could continue weak for some years, not
months, affecting millions of ordinary Americans.
* Price of crude oil makes gasoline expensive and brings
demand destruction.
* Stocks rally now over 2 years old. Commodities have
also run up bigtime.
* China trying to slow its economic growth and having
difficulty doing so.
*Europe facing costly bailouts troubled nations and
weaker financial institutions.
*Showdown over Palestinian state could lead to another
outbreak hostilities in the Middle East.
*If US, Europe and China slowing what are the prospects
for global economy, corporate profits, market valuations?
*Japan badly hurt by earthquake and tsumami.
*Trade volumes decline more sharply than output during
downturns according to The Economist.
*But OECD predicts GDP up 4.2% and trade volumes gain 8%.
The
Beginning of the End of QE2 and 18 Other Issues Making Investors Nervous Tue
May 31st, 2011 Lloyd Khaner
Lloyd's Wall of Worry remains relatively high, meaning now is the time to look
for stock market bargains. now ,
keep reading. QE2 countdown clock .) first
time in head-to-head competitive history, both teams may find a way to lose. LinkedIn
( LNKD ) IPO
shares and flipped them, thus declaring huge profits and retirement. The market
mystery continues… It's about
how hard you can get it and keep moving forward. How much you can take and keep
moving forward ." For what it’s worth, my money’s on
Japan moving
forward again. "Green
Acres is the place for me." “Animal
House, Animal House.” Lloyd
Khaner prices
have likely peaked.
http://image.minyanville.com/assets/FCK_Jan2011/Image/Lila2/Wall.May31.jpg ‘ U.S.
Home Prices Drop To 2002 Levels, Ho-Hum Says Mr. Market Forbes [ Yeah … they have to say ho-hum so
that they’re not caught saying … duh! Shiller
Home Price Index comes in at 100% worse than expectations … and don’t forget,
that includes the dollar debasing realities which makes this report even more
dire. ] S&P/Case-Shiller Home Price
Indices http://www.standardandpoors.com/indices/sp-case-shiller-home-price-indices/en/us/?indexId=spusa-cashpidff--p-us---- The S&P/Case-Shiller Home Price
Indices are the leading measures for the US residential housing market,
tracking changes in the value of residential real estate both nationally as
well as in 20 metropolitan regions. The indices are calculated monthly and
published with a two month lag. New index levels are released at 9am Eastern
Standard Time on the last Tuesday of every month.Latest Press
Release National
Home Prices Hit New Low in 2011 Q1 According to the S&P/Case-Shiller Home
Price Indices(PDF)
31-May-2011 09:00
Data through March 2011, released today by Standard &
Poor’s for its S&P/Case-Shiller Home Price Indices, the leading measure of
U.S. home prices, show that the U.S. National Home Price Index declined by 4.2%
in the first quarter of 2011...
* The
S&P/Case-Shiller Home Price Indices are calculated monthly using a
three-month moving average and published with a two month lag. New index levels
are released at 9 am on the last Tuesday of every month.
(data as of 31-May-2011)
Home Price Index Levels
March
2011
March
2011
Home Price Sales Pair Counts
March
2011
Not
Calculated
U.S. National Index Levels
Q1
2011
Q1
2011
Home Price Tiered Index Levels
March
2011
March
2011
Condominium Index Levels
March
2011
March
2011
Condominium Sales Pair Counts
March
2011
Not
Calculated
Key Housing Indicators (Monthly)
March
2011 (as of 31-May)
The Latest Indicators are usually updated by 2 pm on the
last Tuesday of every month.
Index
Announcements National
Home Prices Hit New Low in 2011 Q1 According to the S&P/Case-Shiller Home
Price Indices
Data through March 2011, released today by Standard &
Poor’s for its S&P/Case-Shiller Home Price Indices, the leading measure of
U.S. home prices, show that the U.S. National Home Price Index declined by 4.2%
in the first quarter of 2011...
Home
Prices Edge Closer to 2009 Lows According to the S&P/Case-Shiller Home
Price Indices
Data through February 2011, released today by Standard
& Poor’s for its S&P/Case-Shiller Home Price Indices, the leading
measure of U.S. home prices, show prices for the 10- and 20-city composites are
lower than a year ago but still slightly above...
Home
Prices Off to a Dismal Start in 2011 According to the S&P/Case-Shiller Home
Price Indices
Data through January 2011, released today by Standard
& Poor’s for its S&P/Case-Shiller Home Price Indices, the leading
measure of U.S. home prices, show further deceleration in the annual growth
rates in 13 of the 20 MSAs and the 10- and 20-City...
See
All Index Announcements
Index Research S&P/Case-Shiller
Home Price Indices: 2010 A Year In Review
S&P/Case-Shiller
Home Price Indices and Seasonal Adjustment
S&P/Case-Shiller
Home Price Indices: 2009 A Year In Review
NATIONAL HOME PRICES HIT NEW LOW IN
2011 Q1
According to the
S&P/Case-Shiller Home Price Indices
New York, May 31, 2011 – Data through March
2011, released today by Standard & Poor’s for its
S&P/Case-Shiller 1 Home Price Indices, the leading measure of
U.S. home prices, show that the U.S.
National Home Price Index declined by 4.2% in
the first quarter of 2011, after having fallen 3.6% in the
fourth quarter of 2010. The National Index
hit a new recession low with the first quarter’s data and
posted an annual decline of 5.1% versus the
first quarter of 2010. Nationally, home prices are back to
their mid-2002 levels.
As of March 2011, 19 of the 20 MSAs covered
by S&P/Case-Shiller Home Price Indices and both
monthly composites were down compared to
March 2010. Twelve of the 20 MSAs and the 20-City
Composite also posted new index lows in
March. With an index value of 138.16, the 20-City Composite
fell below its earlier reported April 2009
low of 139.26. Minneapolis posted a double-digit 10.0% annual
decline, the first market to be back in this
territory since March 2010 when Las Vegas was down 12.0%
on an annual basis. In the midst of all these
falling prices and record lows, Washington DC was the only
city where home prices increased on both a
monthly (+1.1%) and annual (+4.3%) basis. Seattle was up a
modest 0.1% for the month, but still down
7.5% versus March 2010.
1 Case-Shiller ® and Case-Shiller Indexes ® are registered trademarks
of Fiserv, Inc.
The chart on the previous page depicts the
annual returns of the U.S. National, the 10-City Composite
and the 20-City Composite Home Price Indices.
The S&P/Case-Shiller U.S. National Home Price Index,
which covers all nine U.S. census divisions,
recorded a 5.1% decline in the first quarter of 2011 over the
first quarter of 2010. In March, the 10- and
20-City Composites posted annual rates of decline of 2.9%
and 3.6%, respectively. Thirteen of the 20
MSAs and both monthly Composites saw their annual growth
rates fall deeper into negative territory in
March. While they did not worsen, Chicago, Phoenix and
Seattle saw no improvement in their
respective annual rates.
“This month’s report is marked by the
confirmation of a double-dip in home prices across much of the
nation. The National Index, the 20-City
Composite and 12 MSAs all hit new lows with data reported
through March 2011. The National Index fell
4.2% over the first quarter alone, and is down 5.1%
compared to its year-ago level. Home prices
continue on their downward spiral with no relief in sight.”
says David M. Blitzer, Chairman of the Index
Committee at S&P Indices. “Since December 2010, we
have found an increasing number of markets
posting new lows. In March 2011, 12 cities - Atlanta,
Charlotte, Chicago, Cleveland, Detroit, Las
Vegas, Miami, Minneapolis, New York, Phoenix, Portland
(OR) and Tampa - fell to their lowest levels
as measured by the current housing cycle. Washington D.C.
was the only MSA displaying positive trends
with an annual growth rate of +4.3% and a 1.1% increase
from its February level.
“The rebound in prices seen in 2009 and 2010
was largely due to the first-time home buyers tax credit.
Excluding the results of that policy, there
has been no recovery or even stabilization in home prices
during or after the recent recession.
Further, while last year saw signs of an economic recovery, the most
recent data do not point to renewed gains.
“Looking deeper into the monthly data, 18
MSAs and both Composites were down in March over
February. The only two which weren’t, are
Washington DC, up 1.1%, and Seattle, up 0.1%. Atlanta,
Cleveland, Detroit and Las Vegas are the
markets where average home prices are now below their
January 2000 levels. With a March index level
of 100.27, Phoenix is not far off.”
S&P/Case-Shiller U.S.
National Home Price Index
[chart]
US National, index level
(left)
US National, %chya (right)
Nationally, home prices are
back
to their mid-2002 levels
Record low decline of 18.9%
in
2009Q1 (solid line)
National
index hits
new low in
2011Q1
(dotted line)
Source: Standard &
Poor's and Fiserv
2011 Q1 2011 Q1/2010 Q4
2010 Q4/2010 Q3
Level Change (%) Change (%)
1-Year Change (%)
U.S. National Index 125.41
-4.2% -3.6% -5.1%
March 2011 March/February
February/January
METROPOLITAN AREA LEVEL
CHANGE (%) CHANGE (%) 1-YEAR CHANGE (%)
ATLANTA 98.36 -1.9% -0.1% -5.2%
BOSTON 147.36 -1.7% -1.5% -2.7%
CHARLOTTE 106.96 -2.4% -1.3% -6.8%
CHICAGO 110.57 -2.4% -2.2% -7.6%
CLEVELAND 96.80 -1.8% -0.7% -6.3%
DALLAS 112.89 -0.8% -0.2% -2.5%
DENVER 120.55 -0.6% -1.2% -3.8%
DETROIT 67.07 -2.0% 0.8% -0.9%
LAS VEGAS 97.18 -1.1% -1.0%
-5.3% LOS ANGELES 167.77 -0.3% -1.0%
-1.7% MIAMI 137.28 -0.8% -2.0% -6.1%
MINNEAPOLIS 105.57 -3.7% -3.3% -10.0%
NEW YORK 163. 50 -0.9% -0.6% -3.4%
PHOENIX 100.27 -0.5% -0.7% -8.4%
PORTLAND 132.67 -0.7% -1.6% -7.6%
SAN DIEGO 153.88 -0.8% -1.3% -4.0%
SAN FRANCISCO 129.82 -0.1% -2.6% -5.1%
SEATTLE 132.97 0.1% -1.9% -7.5%
TAMPA 127.08 -0.7% -0.8% -6.9%
WASHINGTON 182.98 1.1% -0.3% 4.3%
COMPOSITE-10 151.66 -0.6% -1.2% -2.9%
COMPOSITE-20 138.16 -0.8% -1.1% -3.6%
Source: Standard &
Poor's and Fiserv
Data through March 2011
The chart on the previous page shows the
index levels for the U.S. National Home Price Index, as well as
its annual returns. As of the first quarter
of 2011, average home prices across the United States are back
at their mid-2002 levels. The National Index
level hit a new low in the first quarter of 2011; it fell by
4.2% in the first quarter of 2011 and is 5.1%
below its 2010Q1 level.
Eleven cities and both Composites have posted
at least eight consecutive months of negative month-overmonth
returns. Of these, eight cities are down 1%
or more. The only cities to post positive improvements
in March versus their February levels are
Seattle and Washington D.C. with monthly returns of +0.1%
and +1.1% respectively.
The table below summarizes the results for
March 2011. The S&P/Case-Shiller Home Price Indices are
revised for the 24 prior months, based on the
receipt of additional source data. More than 23 years of
history for these data series is available,
and can be accessed in full by going to
www.homeprice.standardandpoors.com
Since its launch in early 2006, the
S&P/Case-Shiller Home Price Indices have published, and the markets
have followed and reported on, the
non-seasonally adjusted data set used in the headline indices. For
analytical purposes, Standard & Poor’s
does publish a seasonally adjusted data set covered in the
headline indices, as well as for the 17 of 20
markets with tiered price indices and the five condo markets
that are tracked.
A summary of the monthly changes using the
seasonally adjusted (SA) and non-seasonally adjusted
(NSA) data can be found in the table below.
NSA SA NSA SA
US National -4.2% -1.9% -3.6% -1.8%
Metropolitan Area NSA SA
NSA SA
Atlanta -1.9% -1.2% -0.1% 0.6%
Boston -1.7% -0.9% -1.5% -0.7%
Charlotte -2.4% -2.6% -1.3% -0.8%
Chicago -2.4% -0.8% -2.2% -0.7%
Cleveland -1.8% -1.3%
-0.7% 0.6%
Dallas -0.8% -0.8% -0.2% 0.3%
Denver -0.6% -0.3% -1.2% -0.5%
Detroit -2.0% -0.7% 0.8% 1.8%
Las Vegas -1.1% -0.6% -1.0% -0.4%
Los Angeles -0.3% 0.1% -1.0% -0.1%
Miami -0.8% 0.3% -2.0% -1.5%
Minneapolis -3.7% -2.5% -3.3% -1.5%
New York -0.9% -0.1%
-0.6% -0.2%
Phoenix -0.5% 0.1% -0.7% 0.1%
Portland -0.7% -0.4% -1.6% -0.8%
San Diego -0.8% -0.9% -1.3% -0.8%
San Francisco -0.1% 0.5% -2.6% -1.6%
Seattle 0.1% 0.2% -1.9% -1.7%
Tampa -0.7% 0.0% -0.8% -0.1%
Washington 1.1% 1.2% -0.3% 0.5%
Composite -10 -0.6% -0.1% -1.2% -0.3%
Composite -20 -0.8% -0.2% -1.1% -0.2%
Source: Standard &
Poor's and Fiserv
Data through March 2011
March/February Change (%)
February/January Change (%)
2011 Q1/2010 Q4 2010
Q4/2010 Q3
S&P Indices has introduced a new blog
called HousingViews.com. This interactive blog delivers realtime
commentary and analysis from across the
Standard & Poor’s organization on a wide-range of topics
impacting residential home prices,
homebuilding and mortgage financing in the United States. Readers
and viewers can visit the blog at www.housingviews.com ,
where feedback and commentary is certainly
welcomed and encouraged.
The S&P/Case-Shiller Home Price Indices
are published on the last Tuesday of each month at 9:00 am
ET. They are constructed to accurately track
the price path of typical single-family homes located in each
metropolitan area provided. Each index
combines matched price pairs for thousands of individual houses
from the available universe of arms-length
sales data. The S&P/Case-Shiller National U.S. Home Price
Index tracks the value of single-family
housing within the United States. The index is a composite of
single-family home price indices for the nine
U.S. Census divisions and is calculated quarterly. The
S&P/Case-Shiller Composite of 10 Home
Price Index is a value-weighted average of the 10 original
metro area indices. The S&P/Case-Shiller
Composite of 20 Home Price Index is a value-weighted
average of the 20 metro area indices. The
indices have a base value of 100 in January 2000; thus, for
example, a current index value of 150
translates to a 50% appreciation rate since January 2000 for a
typical home located within the subject
market.
These indices are generated and published
under agreements between Standard & Poor’s and Fiserv, Inc.
The S&P/Case-Shiller Home Price Indices
are produced by Fiserv, Inc. In addition to the S&P/Case-
Shiller Home Price Indices, Fiserv also
offers home price index sets covering thousands of zip codes,
counties, metro areas, and state markets. The
indices, published by Standard & Poor's, represent just a
small subset of the broader data available
through Fiserv.
For more information about S&P Indices,
please visit www.standardandpoors.com/indices .
About S&P Indices
S&P Indices, the world’s leading index
provider, maintains a wide variety of investable and benchmark
indices to meet an array of investor needs.
Over $1.25 trillion is directly indexed to Standard & Poor's
family of indices, which includes the S&P
500, the world's most followed stock market index, the
S&P/Case-Shiller Home Price Indices, the
leading measure of U.S. home prices, the S&P Global BMI, an
index with approximately 11,000 constituents,
the S&P GSCI, the industry's most closely watched
commodities index, and the S&P National
AMT-Free Municipal Bond Index, the premier investable index
for U.S. municipal bonds. For more
information, please visit www.standardandpoors.com/indices .
Standard & Poor’s does
not sponsor, endorse, sell or promote any S&P index-based investment
product.
For more information:
David R. Guarino
Standard & Poor’s
Communications
212-438-1471
[email protected]
David Blitzer
Standard & Poor’s
Chairman of the Index Committee
212-438-3907
[email protected]
Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press” climaxed Sunday with a startling market
prognostication from David Brooks, conservative columnist for the NY Times . The risk of a debt default over the
combustible issue of the Medicare deficit hangs over the course of the stock
market. Buyers Beware!“I was up in Wall Street this week,” Brooks said.
“They’re vastly underestimating the source of piolitical risk here. We could
have a major problem, I think, either this summer or the next couple years. And
I’d be worried about investing too much in the market. That’s my financial
advice.”I have to admit Brooks woke me up. I had blithely been assuming a deal
to raise the debt limit would get resolved at the last minute–the classic
American way. But, the showdown between Republican cutters and Democrat
defenders of Medicare may a lot more treacherous a path than I anticipated.And
the potential deep cuts underscore what I mentioined in my “Market’s
Wall of Worry” post yesterday about the prospects of the
Income line of the GDP being reduced by necessity. Cut Medicare and
lerss money will be spent on health care, less money on medical instruments,
less money on drugs, on pills, on doctotrs visits.Less money on healthcare
means less money circulating and so less tax revenue. It’s a future
scenario few of us want to contemplate. A runup to possible default will not be
positive for the stock market. Even if dfefault is avoided then, the
notion that Wall Street doesn’t get the crisis measns there’s too much denial
of reality in stock prices. I’m with David Brooks.’
TEMPLETON
chairman: Financial Crisis 'Around Corner'... By Kana Nishizawa / Bloomberg - May 30,
2011 ‘
Mark
Mobius , executive chairman of Templeton Asset Management’s emerging markets
group, said another financial crisis is inevitable because the causes of the
previous one haven’t been resolved. “There is definitely going to be another
financial crisis around the corner because we haven’t solved any of the things
that caused the previous crisis,” Mobius said at the Foreign Correspondents’
Club of Japan in Tokyo today
in response to a question about price swings. “Are the derivatives regulated?
No. Are you still getting growth in derivatives? Yes.” The total value of
derivatives in the world exceeds total global gross domestic product by a
factor of 10, said Mobius, who oversees more than $50 billion. With that volume
of bets in different directions, volatility and equity market crises will occur,
he said. The global financial crisis three years ago was caused in part by the
proliferation of derivative products tied to U.S. home loans that ceased
performing, triggering hundreds of billions of dollars in writedowns and
leading to the collapse of Lehman Brothers Holdings Inc. in September 2008. The
MSCI AC World Index of developed and emerging market stocks tumbled 46 percent
between Lehman’s downfall and the market bottom on March 9, 2009. “With every
crisis comes great opportunity,” said Mobius. When markets are crashing,
“that’s when we’re going to be able to invest and do a good job,” he said. The
freezing of global credit markets caused governments from Washington to Beijing to London to pump more
than $3 trillion into the financial system to shore up the global economy. The
MSCI AC World gauge surged 99 percent from its March 2009 low through May 27.
‘Too Big to
Fail’ The largest
U.S. banks have grown larger since the financial crisis, and the number of
“too-big-to-fail” banks will increase by 40 percent over the next 15 years,
according to data compiled by Bloomberg. Separately, higher capital requirements and greater
supervision should be imposed on institutions deemed “ too important to fail ” to reduce the chances of
large-scale failures, staff at the International
Monetary Fund warned in a report on May 27. “Are the banks bigger than
they were before? They’re bigger,” Mobius said. “Too big to fail.” The money manager had earlier
said at the same event that Africa has an
“incredible” investment potential and that he has stakes in Nigerian banks.
“These banks
are doing very well and are much better regulated than they were in the past,”
Mobius said, without disclosing which lenders he holds. Banks account for five
of the eight stocks in the MSCI
Nigeria (MXNI) Index. Guaranty Trust Bank Plc, the country’s No. 2
lender by market value, surged 31 percent in the six months through May 27,
according to data compiled by Bloomberg. Shares of Access Bank Nigeria Plc
recorded the second-biggest decline on the gauge in the period, the data show.
To contact the
reporter on this story: Kana Nishizawa in Tokyo at [email protected]
To contact the
editor responsible for this story: Nick Gentle at [email protected] ‘
U.S.
Home Prices Drop To 2002 Levels, Ho-Hum Says Mr. Market Forbes
Steve Schaefer ‘Wall Street appears to have already
priced in the latest batch of feeble data from the housing market, with the
major indexes opening sharply higher despite a weak reading from the March
S&P/Case-Shiller index .
The 20-city index was down 3.6% from a year ago in March,
marking “the confirmation of a double-dip in home prices across much of the
nation,” said David Blitzer, chairman of the index committee at S&P
Indices. “Home prices continue on their downward spiral with no relief in
sight.”
For the first quarter, average prices were down 4.2%,
after dropping 3.6% over the last three months of 2010. The drop back into a
double-dip, which has been anticipated for months, comes as the housing market
continues to give back the gains built up during a debt-fueled bubble that saw
an unprecedented surge in prices until the subprime meltdown signaled the first
cracks in the dam a few years ago.
While the housing market is contributing little, if
anything, to the sluggish U.S. economic recovery, the stock market appears
reconciled to that fact, mostly because it has been
telegraphed for months . Despite the soft reading from the S&P/Case-Shiller
index Tuesday, major equity indexes returned from the Memorial Day break with a
vengeance.
In the first five minutes of trading the Dow Jones
industrial average was up 121 points at 12,563. All 30 blue-chip components
were in the green including Home Depot , up 0.5%, which has faced challenges in recent years as
its core business operates at the intersection of housing and consumer
spending.
The S&P 500 gained 13 points to 1,344, while the
Nasdaq added 29 points to 2,826. Among the few big losers in early trading was
Nokia, down 13% after cutting its earnings outlook for the second quarter and
full fiscal year. (See “Nokia
Sees Q2 Worse Than Expected.” )’
Another
Financial Crisis Is On The Way, Mobius Says at Forbes Halah
Touryalai Working Capital ‘ ‘Warren Buffett called them weapons of mass destruction. Now those same products, known
as derivatives, are pushing the world closer to another financial crisis. That’s
according to Mark Mobius, executive chairman of Templeton Asset Management’s
emerging markets group. Mobius, who over sees more than $50 billion in assets,
says another financial crisis is “around the corner” because little has changed
since recent collapse of the markets. “There is definitely going to be another financial crisis
around the corner because we haven’t solved any of the things that caused the
previous crisis. Are the derivatives regulated? No. Are you still getting
growth in derivatives? Yes.”
That was his response to a question about price swings at
the Foreign Correspondents’ Club of Japan in Tokyo
today, according
to Bloomberg.
Derivatives are financial instruments whose value is
based on some underlying asset, like a mortgage for instance, and and can be
used to either hedge risk or for completely speculative positions. There are
all kinds of derivatives investors can invest in or against including something
called the death
derivative where, you guessed it, investors bet on people’s deaths.
The most infamous derivatives are the ones tied to
residential mortgages and which led to the demise of the financial system back
in 2008. When homeowners began defaulting on their mortgages the affect was
nearly detrimental to all the financial institutions that shared the risk
through these exotic derivatives.
An IMF
report from 2010 puts it this way:
Over-the-counter
(OTC) derivatives markets have grown considerably in recent years, with total
notional outstanding amounts exceeding $600 trillion at the end of June 2009
(Figure 3.1). During the financial crisis, the credit default swap (CDS)
market, a part of the OTC derivatives market, took center stage as difficulties
in financial markets began to intensify and the counterparty risk involved in a
largely bilaterally cleared market became apparent. Authorities had to make
expensive decisions regarding Lehman Brothers and AIG based on only partially
informed views.
In fact, the
derivatives battle at Lehman Brothers is still waging on with the counter-parties
in Lehman Brothers derivatives trades still looking to get paid for their bets.
Bankrupt Lehman has been in talks for over a year with about a dozen big-bank
counter-parties about the value of the their claims.
Meanwhile,
Mobius says the derivatives market today is still so rife with bets made in
different directions that major volatility is inevitable and the equity markets
will suffer. He said the total value of derivatives in the world exceeds total
global gross domestic product by a factor of 10, according to the Bloomberg
report.
The derivatives
market is one that regulators are attempting to reform right now with new rules
scheduled to be implemented this year. The new rules would require more
disclosure and transparency.
But like in
other attempts at regulating lucrative lines of business regulators are facing
resistance from Wall Street friendly lawmakers looking to extend the deadline.
Last week, U.S.
Rep. Spencer Bachus co-sponsored a bill that would approve a measure to delay
the implementation of to September 2012. The legislation to delay the
implementation of rules was passed last week with Bachus saying the move was
neccessary to “restore order to the Dodd-Frank Act derivatives rulemaking
process.” ‘
STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Business
Insider Joe Weisenthal , Tuesday May 31, 2011
‘Anyone of the bearish persuasion is pulling their hair out right now.
But first, the scoreboard:
Dow: +123.59
And now, the top stories:
Without a
doubt, the #1 story of the moment is the situation in Greece, a story
that's now more than a year old. Over the weekend, it emerged that the
"Troika" (ECB, IMF, EU) were close to a deal , though nothing is signed yet.
Nonetheless, the euro surged, and European markets wen nuts.
(Asian
markets also had a really big day, despite Moody's warning about Japanese
debt, and ongoing concerns about China.)
By the
time the US morning came around, it was all risk-on all the time.
And
although this did cause the marke to pull back, it was obvious that
nothing was ever in doubt in terms of the rally, which ended up being
huge. There are all kinds explanations, though the simplest is that for
now earnings are now holding up, and that's what counts .
There
really wasn't too much on the corporate front with earnings season now
officially in the big. Apple shares rose on confirmation that Steve Jobs will appear at the
WWDC. Nokia shares got KILLED after the handset maker lowered its outlook.
Generally, energy was extremely strong all day, as well. Oh, and bonds had
a nice day, continuing to pulverize the shorts.
Greece:
Behold the Default Spiral at The Wall Street Journal Matt Phillips
‘Guy LeBas, chief fixed income strategist at Janney Capital Markets, tossed
this chart into a research note he published today on the possibilities that
the Greece situation could develop into a full-blown European contagion. He
writes:Greece is in
the midst of a classic default spiral, one of the great paradoxes of the
financial markets. In its simplest form, a debt spiral begins when an issuer,
be it a corporation, municipality, or country faces an upcoming obligation
which it needs to refinance. If the markets deem that issuer to be a poor
credit risk, that issuer’s cost of selling new debt to pay off its upcoming
obligation rises, increasing expenses and further impairing credit quality.
If this cycle
raises financing costs to unsustainable levels, say 24 – 25%, it becomes wholly
impossible for the issuer to pay off upcoming obligations by issuing new ones,
hence ensuring a default and earning the name debt or default spiral. As a
default spiral is a self-sustaining game, the only way for an issuer to solve a
default spiral is by breaking the rules of the game, namely via obtaining
external assistance (being acquired, or, in our example, obtaining low cost
loans from other governments) or by defaulting. The only way that the first
option, obtaining support, can work is if that support somehow restores
confidence in the spiraling issuer.
[chart http://s.wsj.net/public/resources/images/OB-OC823_Greece_F_20110531145045.jpg ]
Faith In U.S. Dollars And U.S. Debt Is Dead
The Game Is Over Michael Snyder | A day is
coming when the rest of the world will decide that it no longer has faith in
U.S. dollars or in U.S. debt.
Eleven
million low and middle-income workers’ pay will ‘flatline’ Mail Online | The average
wage taken home by 11 million British workers will remain ‘roughly the same’
until at least 2015.
Memorial
Day BBQ will cost you 29% more this year thanks to inflation Mail Online | Those
thinking of hosting a BBQ – even a modest one – can expect to fork out an extra
$45 on food to serve a dozen guests.
Uranium
Stocks Under Siege as Fukushima Continues Spewing Radiation James West | There will
be a persistent chorus of uranium investors who have an audience in the media
proclaiming uranium to be the ‘contrarian trade of the decade’.
What Would
Fractional Silver Mean? Jimm Motyka | I believe
that fractional silver is not going to be a trend, but will be the rule in the
coming year.
When
Faith In U.S. Dollars And U.S. Debt Is Dead The Game Is Over Michael Snyder | A day is
coming when the rest of the world will decide that it no longer has faith in
U.S. dollars or in U.S. debt.
Save Us From The
Tyranny Of Bankers We hope all of
our appearances on Greek TV, radio and in the press have helped the educational
process and to allow the Greeks to identify who the real culprits are, and what
to do about it. A 62% Top Tax Rate? Democrats have said they only intend to restore the tax
rates that existed during the Clinton years. In reality they’re proposing rates
like those under President Carter. The
Economic Death Spiral Has Been Triggered For nearly 30 years we have had two Global Strategies working in a
symbiotic fashion that has created a virtuous economic growth spiral.
Unfortunately, the economic underpinnings were flawed and as a consequence, the
virtuous cycle has ended. It is now in the process of reversing and becoming a
vicious downward economic spiral.
Utah
Law Makes Coins Worth Their Weight in Gold (or Silver) Utah has passed a law intended to encourage residents to
use gold or silver coins made by the Mint as cash, but with their value based
on the weight of the precious metals in them, not the face value — if, that is,
they can find a merchant willing to accept the coins on that basis. Markets
Fret About Euro ‘Slow-Motion Car Crash’ Reports that Greece has not met any of the fiscal targets set by the
International Monetary Fund (IMF) and the European Union (EU) as part of its
110 billion euros ($157 billion) bailout knocked down the euro Monday, as other
countries in the euro zone are threatened with being dragged into the Greek
morass. Inflation
2011: Honey – They Shrunk Our Paychecks Do you ever have the feeling that there are holes in your pockets? These
days our money seems to slip through our hands faster than ever. The
Greek “Ultimatum”: Bailout (For The Bankers) And (Loss Of) Sovereignty So after one year of beating around the bush, it is
finally made clear that, as many were expecting all along, the ultimate goal of
the Greek “bailouts” is nothing short of the state’s (partial for now)
annexation by Europe. U.S.
home price index falls to double-dip in March Chicago Tribune | National
home prices hit a new low in March, giving credence to long-simmering worries
about a double dip in the housing market.
Uranium
Stocks Under Siege as Fukushima Continues Spewing Radiation James West | There will
be a persistent chorus of uranium investors who have an audience in the media
proclaiming uranium to be the ‘contrarian trade of the decade’.
What Would
Fractional Silver Mean? Jimm Motyka | I believe
that fractional silver is not going to be a trend, but will be the rule in the
coming year.
No
cash to pay your debts? We’ll take your gold, Greece! This week Max Keiser and co-host, Stacy Herbert, report
on the oil traders puking on markets and the gold confiscators eyeing Greece,
Portugal, Spain and Italy. In the second half of the show, Max talks to former
chief forex trader for VISA, Jon Matonis of TheMonetaryFuture.blogspot.com,
about Bitcoin, the new peer-to-peer crypto-currency. National / World WHO Lists Cell
Phones as Cancer Hazard The United
Nations’ health agency, the World Health Organization, now lists mobile phone
use in the same “carcinogenic hazard” category as lead, engine exhaust and
chloroform. Texas
Lt. Gov. Dewhurst Calls for Special Session Texas Lt. Gov. David Dewhurst, who played a pivotal role in sabotaging a
bill that would have criminalized TSA groping in the state’s airports, has
written a letter to Gov. Rick Perry asking for a special session. Nanny
State Betrays Decline and Fall of America Two more ridiculous examples of the nanny state kicking into high gear add
to the overwhelming weight of evidence indicating that America is in a state of
terminal decline, with an overtly authoritarian big government enforcing a
command and control system at every level of society. Ron
Paul: We Are Enabling A Future American Dictatorship 2012 Presidential candidate Ron Paul has warned that a
lack of oversight from Congress, the media and the American people is enabling
the rise of a dictatorship in the US. Pentagon
Declares War On Cyber Enemies The Pentagon has announced that computer intrusions from abroad are to be
considered acts of war against the United States and will be answered with
conventional military force. Afghan
leader warns NATO not to become ‘occupying force’ President Hamid Karzai warned NATO-led forces in
Afghanistan on Tuesday they were at risk of being seen as an occupying force
rather than an ally after a spate of civilian casualties, and said he would
take unspecified “action” if they continue. Footage
of Western Troops Confirms Criminality of War on Libya Proof that armed western forces are on the ground in
Libya advising rebels confirms that the entire legal premise behind the
NATO-led intervention has been shattered and the campaign is now a criminal act
of warfare that has nothing whatsoever to do with the original justification of
protecting civilians. 40
Signs The Chinese Economy Is Beating The Living Daylights Out Of The U.S.
Economy It is time to face the
truth. The Chinese economy is simply beating the living daylights out of the
U.S. economy. Whether you want to call it a rout, a slaughter or a thrashing,
the reality is that the Chinese are absolutely embarrassing America on the
global economic stage. Western
Troops Disguised as Arabs Witnessed on the Ground In Libya Armed westerners have been filmed on the front line with
rebels near Misrata in the first apparent confirmation that foreign special
forces are playing an active role in the Libyan conflict. Former
Head Of CIA Bin Laden Unit: “Main Recruitment Sergeant For Al Qaida Is Barack
Obama” Ex CIA intelligence
officer turned whistleblower and activist, Michael Scheuer, has launched a
blistering attack on the political establishment, over its handing of the so
called war on terror, asserting that the entire rationale behind it is based on
outright lies and deception. WHO Lists Cell Phones as Cancer Hazard Kurt Nimmo | Studies into cell phones established link between long term use and
brain tumors. Nanny State Betrays Decline and Fall of America Paul Joseph Watson | Firework ban, tree ordinance latest examples of rampant authoritarian
assault on all levels of society Pentagon Declares War On Cyber Enemies Kurt Nimmo | Pentagon rolls out public relations effort as it prepares to attack
official cyber enemies. U.S.
Military Personnel, Veterans Give Obama Lower Marks U.S. military veterans and those currently on active
military duty are less likely to approve of President Obama’s job performance
than are Americans of comparable ages who are not in the military. Stop
Obama’s Unconstitutional Power Grab! The Congressman sounds off on the blatant violation of war powers by the
Obama administration. Downgraded
Typhoon Poised to Spread Fukushima Radiation Once again, TEPCO, the utility company responsible for the Fukushima
disaster, is ill-prepared to protect the people of Japan. High
radioactivity found in Japan nuclear workers Two workers from Japan’s stricken Fukushima nuclear plant have been
contaminated by high levels of radioactive iodine, the operator said Monday,
prompting fears over their long-term health. Britain
steps up mind games against Muammar Gaddafi Britain has stepped up the psychological and military pressure on Muammar
Gaddafi by claiming his departure is inevitable as it prepares to deploy bunker
busting bombs, helicopters and to introduce regular daytime air raids on
Tripoli. Big
Sis Pre-Crime System to Scan Americans For “Malintent” Chilling technology straight out of Minority Report that
would subject Americans to pre-crime interrogations and physiological scans to
detect “malintent” at sports stadiums, malls, airports and other public places
has moved closer to being implemented after Homeland Security’s FAST program
passed its first round of testing. Corporate
Media Attacks Alex Jones, Defends TSA Perverts Following a successful rally on the capitol in Austin
last week to protest a decision by lawmakers to back down on a bill to stop TSA
molestation, apologists for a tyrannical state are coming out of the woodwork
in defense of goons sticking their hands down the pants of six year old kids. Afghanistan’s
Karzai gives U.S. final warning: stop killing civilians Afghan President Hamid Karzai called on the US military
on Sunday to avoid operations that kill civilians, saying it was his “last
warning” to Washington after 14 people allegedly died in an air strike. Corporate Media Attacks Alex Jones, Defends TSA Perverts Kurt Nimmo | Fort Worth op-ed writer supports the state and its pathological
insistence it must grab the testicles of children. On
Memorial Day: Remember Roger Young | An
alternative view of Memorial Day. Anatomy of a Murder: How NATO Killed Qaddafi Family
Members Cynthia
McKinney | Please don’t allow
special interest press and war mongering gatekeepers of the left to blot out
the tragedy unfolding in Libya. From Bush to
Obama, the snooping goes on Two Democratic senators, Ron Wyden of Oregon and Mark Udall of Colorado,
have accused the Obama administration of using Section 215 for purposes not
intended by Congress. Obama
Pledges to Continue War Against Libya During Globalist Confab Appearing at the globalist confab in the French resort of
Deauville, Obama said on Friday the U.S. and NATO will not rest until they
“finish the job’ in Libya. The
Fake ICC & the Globalist Strategy of Tension Russia’s President Medvedev, according to the Australian,
has “endorsed calls for Colonel Gaddafi to leave office and offered to help to
negotiate his exit. ” It is a move that has “surprised and delighted” both
London and Washington after Russia’s initial protest against the extralegal
military action that was executed upon an Iraq War-style pack of lies. Cooling
system stops at No.5 reactor in Fukushima Cooling system at a reactor of the crippled Fukushima No.1 nuclear power
plant stopped from Saturday, the plant’s operator said Sunday. Radioactive
materials found off Miyagi and Ibaraki Japan’s science ministry has detected extraordinarily high levels of
radioactive cesium in seafloor samples collected off Miyagi and Ibaraki
Prefectures. Texans
Revolt Against TSA Tyranny, Storm Capitol Exclusive footage of the Texas Capitol takeover Wednesday, when angry
demonstrators led by radio host Alex Jones descended upon the Senate to rebuke
threats used to quash a TSA bill that passed the House unanimously and was poised
to clear the Senate with 30 of 31 senators supporting. Tripoli
Blast May Signal New Nato Tactic A blast in central Tripoli has been attributed to a Nato strike –
signalling a possible switch in tactics by the forces trying to unseat Libyan
leader Muammar Gaddafi. Why Is The Economy So Bad?
Millions of Americans have lost their homes, tens of millions of
Americans can’t find a decent job and 44 million Americans are on food stamps. Video: Illegal Dancing at the Jefferson Memorial Infowars.com | Appeals court ruled national monuments are places for reflection and
contemplation and dancing is not permitted. Downgraded Typhoon Poised to Spread Fukushima Radiation Kurt Nimmo | Synthetic resins poured on damaged reactors will not stop radiation
from entering the sea and air. Big Sis Pre-Crime System to Scan Americans For “Malintent”
Paul Joseph Watson | Guilty until proven innocent – physiological sensors
and DHS interrogations to control behavior at sports stadiums, malls, train
stations, airports and other public places. US sorry for deadly Afghan air
strike ABC Online Afghan officials say up to 14 people,
mostly children, were killed in the air strike. (Reuters) Foreign forces in
Afghanistan have offered their "heartfelt apologies" for an air
strike that killed up to 14 ... NATO apologizes for Afghan civilian deaths The top U.S. generals in Afghanistan
are apologizing for an airstrike that killed civilians in southwestern
Afghanistan. ISAF apologises for Afghan civilian deaths KABUL (AFP) – Foreign forces in
Afghanistan apologised Monday for the deaths of nine Afghan civilians after
President Hamid Karzai criticised an air ... http://news.yahoo.com Civilian casualties caused by ISAF and US Forces in the
War ... The War in Afghanistan has caused the deaths
of thousands of Afghan civilians directly from NATO and ISAF military action.
Loughner
ruling creates trial obstacles Treatment to restore mentally
unfit defendants to competence can take years or fail altogether. (Washington
Post) [ Obstacles? I’d say so! In a nation as america which sports a population
of inherently mentally ill realistically, if not reported, in excess of 90% by my estimation based upon realities (criminally
insane, inherently criminal included), I’d say that’s problematic indeed. I
personally am with Utah on this which does not allow the insanity defense
(Montana, Idaho, joined by a fourth, Kansas, in 1995). You do the crime (which
still must be proven beyond a reasonable doubt and intense scrutiny of
scapegoating / set-ups, etc. – hence, the clearest and undisputable scenarios
as Loughner, Hinckley, etc.), you’ll at least do the time. Though having but 5% of the world’s population, u.s. has 76% of the
world’s serial killers, http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]: Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t
think so! I do believe that both nations are regressively but nostalgically
trying bring the world back to failed geopolitical paradigms that made the 20th
century the bloodiest century, not coincidentally the american century
(obviously for israel the latter half century). Yet, such a conditioned
psychopathic approach to global matters has led them self-destructively,
self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs,
extinction, at least in a manner of speaking. Global information exchange at
lightning speed has made such throwbacks to a lost era, propaganda, and
maladaptive traits foolish at best, deadly at worst. Intelligent people
worldwide aren’t buying the obsolete, Orwellian approach fostered by the
purveyors of global unrest; viz., israel, america, Orwellian england, etc..;
more specifically, diversion of the masses from the glaring failures of
leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ignore cases that
involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv
Court
nixes campaign-donation ban Federal judge
rules law prohibiting direct corporate contributions to candidates is
unconstitutional. (Washington Post) [ This oligarchy / plutocracy of ours … no
surprise there … one way or another, they’re all getting’ bribed … worked well
for the biggest frauds on wall street, goldman et als … Roche 'The worst part of it ...Obama, who vowed change, has done almost nothing to fix any of
it and in fact continues most of the policies that helped get us here in the
first place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the
unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall
street ( and declares with oscar in hand that not one high level wall street
exec has been prosecuted … despite ‘earning’ billions from the fraud ) . Choose Your Hathaway: Berkshire or Anne Sizemore 5-26-11 ‘When the actress' name is in the headlines, Berkshire Hathaway
share prices rise, proof that "robotrading" puts many investors at
risk.’ ‘Given that algorithmic trading now accounts for 70% of all trading,
it’s not implausible. Sadly, this is what the investment management profession
has degenerated into.’ [ As to his ‘blood in the streets reference’ … sadly …
coming to a theater near you. .., ‘ mnemonics’, loosely speaking, are kind of like in a clichéd sort of way, that ‘double edged sword that
cuts both ways’ … you know, ‘Tom Sizemore’ … are you related? ] Stock
Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the
level of insider corporate stock sales is telling. At 565 sells for every 1
buy, it’s never been higher. Dave's
Daily 'If you can keep interest rates this
low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued …only time the markets have been more
overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This is an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! Remember: ‘Sell in May and go away! http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
A
seismic shift in the defense industry Gone are the days of
“no-questions-asked funding requests.” Pentagon must now make do with less.
(Washington Post) [ I think there are many who’ll say they’ll believe it when
they really see it; and, beyond the off-budget-item chicanery. I’m certainly
one, and so is Davis: Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS
– PLEASE BE CAREFUL OUT THERE! ‘ Senate
Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a hard
place called Afghanistan; indeed they are. [ Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Jones |
U.S. intelligence is that bin Laden needs dialysis every 3
days/ http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST MOMENTS BEFORE PRESIDENT OBAMA
ANNOUNCED THAT THE US HAD KILLED OSAMA BIN LADEN, THE WHATREALLYHAPPENED
WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE ATTACK. THIS PAGE,
WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED IN DECEMBER OF 2001, APPEARS
TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS
"CATAPULTED FORWARD". IT IS POSSIBLE THAT THIS IS THE OPENING GAMBIT
IN A PLAN TO STAGE A "REVENGE" ATTACK FROM "AL QAEDA" ON
THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST… FLASHBACK: Editorial:
US in quagmire
War
in Afghanistan and Iraq costs America $1trillion Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and
personal testimony, an ex-Justice official who quit over the handling of a
voter intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Israeli
central banker to bid for IMF? (Washington Post) [ Dumb as they are by
most measures of same including the IMF’s mission and purpose, I doubt even
they’d be that self-destructively dumb in light of their destructive,
nation-bankrupting follies / adventurism in the Mideast for which they’re
already suspect in terms of foolishly, self-defeatingly pro-israeli
policy. Krauthammer:
What Obama did to Israel (Washington Post) [ The fundamental problem with Mr.
Krauthammer’s non-sequitor illogic is the manner in which war crimes nation
israel came by those land (war) and the numerous violations of u.n. resolutions
(ie., 242, 338, etc., and oslo accords, etc.), international, war crimes
(flotilla raid, etc.) since then. He thus becomes the journalistic equivalent
of what Pat Buchanan refers to as the ‘israeli amen corner’ in congress. If
only one could realistically ignore the detriment the world and america have
suffered as a direct consequence of this foreign policy bent … Top
Democrats criticize Obama’s Israel policy
(WP) [ What policy … to him, just words … more b***s*** . I’ve thus far
refrained from commenting on what I’ve anticipated to be ‘just more of the
same’; empty rhetoric. Pervasively corrupt, defacto bankrupt america makes the
wrong choice at every turn, ensuring in every way, decline and fall;
self-destructive, self-defeating. Make no mistake, and let me reiterate, that
substantially underrated President General Eisenhower would have put American
interests first and the current debacle would never have occurred in the first
instance … see, ie., http://albertpeia.com , historical
documentation, from website: http://www.ameu.org ‘Lest We Forget The Israeli lobby in
Washington has successfully influenced the U.S. Congress to give billions of
non-repayable dollars each year to Israel on the premise that Israel's loyalty
and strategic importance to the United States make it an ally worthy of such
unprecedented consideration. Is it ? In his Farewell Address, George Washington
warned Americans to avoid a passionate attachment to any one nation because it
promotes "the illusion of an imaginary common interest in cases where no
real common interest exists." In 1948, U.S. Secretary of Defense James
Forrestal, an opponent of the creation of a Jewish state in Palestine, warned
that, even though failure to go along with the Zionists might cost President Truman
the states of New York, Pennsylvania, and California, it was about time that
somebody should pay some consideration to whether we might not lose the United
States. Israeli actions over the past 53 years involving U.S. interests in the
Middle East seriously challenge the "strategic asset" premise of the
Israeli lobby. Some of these actions are compiled in the list that follows: ’
] Netanyahu
lays out vision for Mideast peace (WP) [ Vision? Don’t make
me laugh! The guy’s blind; and a ward and provocateur at america’s substantial
cost and detriment. ]
Pakistani
military worried about infiltrators (Washington Post) [ Yeah! In
Pakistan and the rest of the Middle East they’re realistically called americans
/ cia, etc.. After all, death and destruction doesn’t play well in any nation,
particularly when those doing the raping, pillaging, and plundering can’t even
manage their own national affairs. 63
percent of people killed in Iraq war were civilians: report Xinhua | U.S.-led wars in Iraq and
Afghanistan have been causing huge civilian casualties Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (WP) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Jones | U.S.
intelligence is that bin Laden needs dialysis every 3 days / http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST MOMENTS BEFORE PRESIDENT OBAMA ANNOUNCED
THAT THE US HAD KILLED OSAMA BIN LADEN, THE WHATREALLYHAPPENED WEBSITE CAME
UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE ATTACK. THIS PAGE, WHICH DOCUMENTS
THAT OSAMA BIN LADEN ACTUALLY DIED IN DECEMBER OF 2001, APPEARS TO BE WHAT THE
WHITE HOUSE DIDN'T WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS "CATAPULTED
FORWARD". IT IS POSSIBLE THAT THIS IS THE OPENING GAMBIT IN A PLAN TO
STAGE A "REVENGE" ATTACK FROM "AL QAEDA" ON THE UNITED
STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST… Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Though having but 5% of the world’s population, u.s. has
76% of the world’s serial killers,
http://www.albertpeia.com/realifeamericaserialkillers.mpg bankrupt
america also spends more on military than all the nations of the world
combined... fed employees / contractors, cia, all 3 branches of u.s. gov’t,
etc., are included in this evolved american trait of inherent criminality http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ]: Focus
Is on Obama as Tensions Soar Across Mideast (NYT) [ Adapt? I don’t think so!
I do believe that both nations are regressively but nostalgically trying bring
the world back to failed geopolitical paradigms that made the 20th century the
bloodiest century, not coincidentally the american century (obviously for
israel the latter half century). Yet, such a conditioned psychopathic approach
to global matters has led them self-destructively, self-defeatingly, and
ineluctably to decline, fall. .. Orwellian approach fostered by the purveyors
of global unrest; viz., israel, america, Orwellian england, etc.;more
specifically, diversion of the masses from the glaring failures, economic and
otherwise. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Russians
park billions abroad (Washington
Post) [ If only Americans were that smart in diversifying / hedging their investment
risks: 7
Market Hazard Signs Traders Have Been Ignoring at Minyanville
/ Erik Swarts May 27,
2011 ‘… stocks like Apple ( AAPL ) over the past
six months was a precursor to the diminishing influence on the risk/momentum
continuum. equity markets could
be strongly reinforcing… http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchMAY2011/ignition1.jpg King's wishes . The chart below shows the relative
disconnect ..should not be ignored or passed off as insignificant. .. http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchMAY2011/ignition2.jpg http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchMAY2011/ignition3.jpg acceleration to the
downside. http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchMAY2011/ignition4.jpg
YAHOO [BRIEFING.COM] ‘…Pending home sales for April plummeted a much
sharper-than-expected 11.6%…’ Debased dollar, hyperinflationary realities
and expectations rallies stocks on the
bad news. Jobless
Claims Rise 10,000 First
Quarter GDP Stalls Nothing
New In GDP Update, U.S. Grew At 1.8% In Q1 [ Economic data bad and worse
than expected … stocks rally on the worse than expected news as suckers’ rally
to keep the old suckers and get new suckers
sucked in. 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating long-term economic decline..’
] States
face shortfall for retirees (WP) Public workers’ retirement funds had a gap
of $1.26 trillion at the end of fiscal 2009
Study:
Affordable rentals scarce (WP)
Poll:
For Obama, low marks on Afghan war (WP) More Americans disapprove of
President Obama’s management of the war in Afghanistan than support it Fuel
prices cut into Obama popularity (WP) (The frauds on wall
street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed), and have used the mideast turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this
low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding / April
Is a Good Time to Sell Adler
Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued …only time the markets have been more
overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This is an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs Navin ‘…1) The
5-year high in the level of insider corporate stock sales is telling. At 565
sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some
of their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. ]7
Market Hazard Signs Traders Have Been Ignoring at Minyanville
/ Erik Swarts May 27,
2011 ‘It's been said that the market is
hanging in there, but the market has a way of distracting your attention from
where it should be focused most. As a trader who relies on the
qualitative art form that is appraising market psychology, I have been
collecting some interesting anecdotes and observations from the field.
Specifically, traders seem to be ignoring some of the more readily apparent
hazard signals the market has been throwing off in the past month. risk . I believe
there is some utility in knowing where the sentiment vane is pointing over the
very short term, however, the market's technical structure typically trumps
sentiment (unless it is at a statistical extreme such as in March 2009) over
time. If anything, the fact that the market is "hanging in there" on
a relative basis could actually portend a more serious underlying condition
indicative of distribution. Distribution by institutional participants can
create broadening top formations in the indices and erratic sentiment surveys
by the swinging price action. stocks like Apple ( AAPL ) over the past
six months was a precursor to the diminishing influence on the risk/momentum
continuum. equity markets could
be strongly reinforcing. http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchMAY2011/ignition1.jpg King's wishes . The chart below shows the relative
disconnect over the past year. This chart should be qualified, in that yields
have been in a downtrend relative to the SPX for almost three decades. With
that said, the degree of yield erosion relative to the SPX over the past two
months should not be ignored or passed off as insignificant. http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchMAY2011/ignition2.jpg GDP , the market is
facing an ever more hostile headline risk environment. I typically shy away
from incorporating economic data surveys into my short-term calculus because
their correlations are erratic at best. But considering the backdrop, it can
pay off with timing. Next week will provide the important ISM manufacturing
index. Below is a chart of the Empire, Philly & Richmond surveys overlaid
on the ISM survey. As the correlations have shown, the already received EPR
surveys indicate the ISM will likely be quite weak. The degree of which could
be a catalyst (both positive or negative) in the market. http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchMAY2011/ignition3.jpg acceleration to the
downside. http://image.minyanville.com/assets/FCK_Jan2011/Image/LisaCatchMAY2011/ignition4.jpg agnostic trading approach . Editor's Note: This article was originally posted on Market Anthropology .’
Global
Stock Seasonality: Tout Le Monde Vendez en Mai Forbes / Sy Harding ‘When investors think of the stock market’s
annual seasonality, as expressed by the adage ‘Sell in May and Go Away,’ they
usually relate it to the U.S. market.In fact, the historical pattern of
stock markets making most of their gains in the winter months, and experiencing
most of their bear market declines and corrections in the unfavorable summer
months, is also common in global markets.Since investors have become much more
comfortable with investing in global markets in recent years, in fact have
poured money into emerging markets at a record pace, recognition that the
seasonal pattern is global is potentially of considerable importance,
especially this year.A 27-page academic study conducted at the Rotterdam School
of Management in the Netherlands and published in the American Economic Review in 2002,
concluded, “Surprisingly we
found this inherited wisdom of Sell in May to be true in 36 of 37 developed and
emerging markets. Evidence shows that in the United Kingdom the seasonal effect
has been noticeable since 1694. . . . A trading strategy based on this anomaly
would be highly profitable in many countries. The average annual risk-adjusted
outperformance ranges between 1.5% and 8.9%, depending on the country being
considered. The effect is robust over time, economically significant, unlikely
to be caused by data-mining, and not related to taking excess risk.” Stock markets
outside of the U.S. seem to be significantly in the lead on the downside in
this unfavorable season. For instance, the S&P 500 is only 2% below its
recent top on April 29, the last trading day of April (potentially in keeping
with the ‘Sell in May and Go Away’ rule to sell on May 1).However, in the rest
of the world quite serious stock market corrections are underway. The important
markets of China (the world’s 2 nd largest economy), Japan (the
world’s 3 rd largest economy), Hong Kong, India, Brazil, and Russia
are already down an average of 12% from their recent peaks, and have broken
down through key support levels, including their long-term 200-day moving
averages. Other important markets, including Mexico, Canada, Britain, France,
and South Korea have already broken down through key intermediate-term support
levels, including their 20-week moving averages.That global markets are so far
ahead of the U.S. market on the downside leads me to believe they will become
oversold first and perhaps be the first to bottom and turn back up when the
time to buy arrives again.Meanwhile, the studies of seasonality point out that
a seasonal investor outperforms the market over the long-term (occasional years
when it does not work notwithstanding), while being at risk in the market only
six months each year, and moving to cash for the other six months.They do not
take into consideration the additional gains the seasonal investor can make in
the unfavorable season in areas other than cash.To name a few; bonds, gold, and
currencies often move independent of the direction of the stock market, and can
rally when the stock market is in a decline. And all are easy enough for
investors to take advantage of via mutual funds, and even more efficiently via
ETFs (exchange-traded-funds).If seasonal investors are fluent in market
analysis, particularly technical analysis, which can help define when an
unfavorable season will not just be a ‘dead zone’ but will probably see a
substantial correction, significant gains can be made from the downside even
faster than from the previous rally period. That’s because when the market goes
down it tends to go down much faster than it went up, often losing a year of
previous gains in a matter of a few months.And holdings are available to
harness the power of such market declines, including ‘inverse’ mutual funds and
‘inverse’ ETFs, which are designed to move opposite to a particular market or
market sector.In my opinion then, the U.S. market has some catching up to do on
the downside, while selected global markets, considerably ahead of the U.S.
market on the downside, are liable to bottom first and provide the earliest
buying opportunities.In the interest of full disclosure, I and my subscribers
have some recent new positions in a bond ETF, a currency ETF, and selected
inverse ETFs against the U.S. market.’
End-of-Month
Window Dressing: Dave's Daily at TheStreet.com ‘ The U of
Michigan Consumer Sentiment Index was cherry-picked by bulls as the indicator
upon which to rally stocks Friday. But, frankly is it really a valid measure of
current consumer attitudes? I don't think so given it's weighted heavily by
stock prices and curiously by gasoline prices. With the latter, a one week ten
cent drop in prices hardly makes a trend. Some had the nerve to say consumers
were now getting accustomed to higher gas prices. How about you? Consumer Metrics Institute 's opinion and
conclusion is as follows:
http://www.thestreet.com/tsc/daves/052711/image002.jpg
"The levitation effect provided by the Federal
fiscal stimulus packages will begin to wilt soon, as will Mr. Bernanke's
monetary magic when QE-2 lapses in June. At some point in time the GDP will
revert to tracking the 70% of the economy provided by consumer spending. When
that happens, the glaring gap in the above graph will close, and most likely
with the upper line converging towards the lower, rather than the other way
around. We have said before that our consumers seem to know that the headline
recovery in the S&P 500 has not yet
been fully shared with the them, their neighbors or their local merchants.
Until unemployment materially decreases and the residential housing market
returns to at least pre-2005 levels of activity, the "Great
Recession" isn't over, despite what the National Bureau of Economic
Research (NBER) would have us believe." Other data this week was just
awful. And, Pending Home Sales on Friday dropped by 11% which was much worse
than expected. If higher stock prices buoy consumer sentiment, what about poor
housing data? The disconnect is extraordinary. Most major equity index related
ETF were able to claw out of most negative readings to close the week either
unchanged or plus/minus a small amount. Most of this was accomplished on very
weak volume but with a heavy assist of QE2 ($30 billion over the last 5-7 trading days). This is
the magic dust for bulls. The tape's action is reality but the action behind
the curtain is hollow and comprised of free money from on high. Nevertheless,
most indexes may close the month down with only one day left to trade. Our
DeMark monthly sequential 9 counts may have already made their impact as QE2
has another month to run and will compete with it …’
S&P Stuck in a Rut - Why and Where Will it Break? Simon Maierhofer, On Thursday May 26, 2011 ‘This entire week the S&P has been
stuck in a rut. Aside from a few brief spikes outside its trading range, the
S&P has been sluggish and moved with the velocity of molasses.
The Memorial Day Lull
Part of the reason is the upcoming Memorial Day weekend.
Trading before the Memorial Day weekend tends to be lackluster and uninspired,
but come Tuesday (markets are closed on Monday) volatility (Chicago Options:
^VIX) is likely to increase.The holiday weekend is just part of the story
though. There are other compelling reasons why trade is so frustratingly
sluggish.
Compelling Reason to be Dull
The ETF Profit Strategy Newsletter's technical forecast
for the week ahead stated that: 'The initial downside from the May 2 high may
not be finished yet, but it appears to be limited. If the lower trend line at
1,325 is broken, we are looking for lower prices but are mindful that various
support levels should keep downside action contained.'The S&P dropped below
the 9-month trend line support first thing Monday morning, but didn't really go
anywhere thereafter. Such a trend line breach is usually significant, but it
wasn't, at least not thus far.The chart below shows why downside momentum
didn't increase. The ETF Profit Strategy Newsletter pointed out this month's
and week's pivot support (s1 to be precise) at 1,319 and 1,317. As you can see,
the S&P has stuck to s1 like gum to shoe.What are pivots, you may ask?
Pivot points are determined as the average of the previous sessions trading
range combined with the closing price. The numbers for support and resistance
that are calculated indicate the potential ranges for the next time frame based
on the past weight of the market's strength or weakness.Pivots are fractal and
can be calculated for various time frames. I usually pay attention to weekly
and monthly pivots. http://www.etfguide.com//contributor/UserFiles/8/Image/article%20new%205%2026%2011.gif
The blue lines in the chart illustrate the 20 and 50-hour
simple moving averages (SMAs). Since Wednesday, the S&P has been sandwiched
between the two. As you can see, there is plenty of technical reason for the
current trading range.
Where Will it Break?
Every trading range ends eventually. Often such range
bound churning and indecision precedes significant moves and serves as a
springboard. There is certainly a distinct seasonal post-Memorial Day bias that
supports this notion.Once this trading range is broken, the focus moves on to
the next support or resistance. Next resistance to the up side is 1,325, a
Fibonacci projection level. Look at the chart and you will see how attempts to
move beyond 1,325 were thwarted on Wednesday and earlier today. A break above
1,325 would open the door to higher prices.Fibonacci levels are powerful
trading tools and should not be dismissed. One important Fibonacci level the
ETF Profit Strategy Newsletter isolated as target and resistance in April was
1,369.The importance of this level was confirmed on May 1, when the newsletter
recommended shorting the S&P against 1,369. The S&P topped the very
next day at 1,370 and declined as much as 50 points thereafter.The ETF Profit
Strategy Newsletter provides the most important short and long-term
support/resistance levels and seasonal tendencies every Sunday and Wednesday,
along with directional advice and the corresponding trading strategies.ETFs
that track the S&P 500 include: S&P 500 SPDR (NYSEArca: SPY - News ), iShares S&P 500 (NYSEArca: IVV - News ), Vanguard S&P 500 (NYSEArca: VOO - News ).Value and Growth S&P ETFs include:
iShares S&P 500 Value (NYSEArca: IVE - News ), iShares S&P 500 Growth (NYSEArca:
IVW - News ), Vanguard S&P 500 Value ETF
(NYSEArca: VOOV - News ), Vanguard S&P 500 Growth ETF
(NYSEArca: VOOG - News ).Leveraged S&P ETFs include:
Ultrashort S&P ProShares (NYSEArca: SDS - News ), Ultra ProShares (NYSEArca: SSO - News ), UltraPro S&P ProShares (NYSEArca:
UPRO - News ), UltraPro Short S&P ProShares
(NYSEArca: SPXU - News ).’
The Week Ahead: Can Stocks Climb the Wall of Worry? Forbes / Tom Aspray ‘Last week’s financial
headlines may have caused many stock investors to run for the exits, as there
was very little to make one think that stocks could move higher. Here is a
sampling:
Demand For
Durable Goods Falls the Most in 6 Months Countries
Urged To Raise Rates Goldman
Says Brent Will Hit $130 Revenue
Slide Dents Banks’ Recovery Draghi
Warns on Global Recovery Fears of
Debt Contagion Return to Eurozone UK Lenders
Face Rating Downgrade Steep
Quarterly Drop For Home Prices
Despite the
concerns over debt contagion, a double dip in the economy, and slower growth in
China, the US stock market was surprisingly strong. The early-morning declines
on Wednesday and Thursday were met with good demand.
Therefore, even
though the major averages made new correction lows, the market had plenty of
reasons to drop more sharply. For most of the week, Tuesday’s headline from the
Financial Times, “Investors swept up in wave of bearishness,” said it all.
So even though
the stock market was not as strong as I had forecast last week, I am sure most
were surprised that it closed higher. Sentiment measures continue to get more
negative, with only 25% bullish in a recent AAII survey. This is the lowest
reading since last summer.
Last week’s
pending home sales dropped 11%—but new home sales were stronger than expected,
giving some home builders a boost. On Tuesday, we get more housing data, as the
S&P Case-Shiller price index will be released along with
consumer-confidence numbers.
Of course, this
is another jobs week, with a preliminary reading Wednesday from the ADP
Employment Report, followed by jobless claims Thursday and the monthly
employment report on Friday. Also out Wednesday is the ISM Manufacturing Index,
with the ISM Non-Manufacturing following on Friday.
As the
headlines show, there are still plenty of problems facing the Eurozone, and the
Strauss-Kahn scandal has not helped—the BRIC countries, among others, are not
in favor of a new IMF head from the Eurozone. Also, as my colleague Jim Jubak
suggests, “ Another Quick Fix For Greece ” is likely.
Euro investors
have also been moving away from risk, as the yields on German debt have dropped
3%, matching similar yield declines in both the UK and the US. Nevertheless,
the DJ STOXX Europe 600 was able to close the week well above the lows, as it
tested strong support in the 272 to 274 area early in the week.
Commodity
prices have bounced nicely from the mid-month lows, and the strength in copper
may be a sign that the economy is really stronger than most expect. Crude oil
has bounced from the recent lows, but is now hitting first strong resistance.
Technically, this rally looks as though it will be followed by a further
decline.
Page 2 of 3)
WHAT TO WATCH
http://graphics.moneyshow.com/investing/Guru/Gurus052711_1_med.gif
S&P 500 Spyder Trust ( SPY ) tested its downtrend (line a) on Friday, and still has
strong resistance at $135.36. A daily close above this level should confirm
that the correction is over. A test of the May 2 highs at $137.18, if not a
move to the $138.50 area, is still a distinct possibility.
The low for SPY
at $131.38 is now the critical level, with the daily uptrend (line c) now at
$130.50. If this level is violated, the April lows are at $129.51 (line b).
The S&P 500
A/D line has turned up, and is very close to breaking its downtrend. It did
make new highs in May, and is still well above long term support (line d).
Dow Industrials Diamonds Trust ( DIA ) also appears to have completed a short-term bottom, but
is slightly lagging the SPY. DIA has just filled the gap from last Monday’s
opening. There is still a strong band of resistance in the $126.50 to $127.50
area.
The support
level to watch now for DIA is $122.80, while the April low and major support
follows at $120.65.
Dow Transportations
A close above
5,500 is needed to complete the correction and signal a rally to new highs in
the 5,650 to 5,700 area.
If one of the
other major averages is able to exceed the May highs, and the Transports fail
to make a new high, it would be a warning sign.
Nasdaq-100 PowerShares QQQ Trust ( QQQ ) to lead the market on the next rally, but it has
continued to lag. It will now take a much stronger rally for QQQ to take over
leadership.
The first
hurdle is the resistance in the $58.50 area with major at $59.34 area.
The down gap
last Monday violated the support in the $57 area as QQQ hit a low of $56.47
which weakened the short term outlook. There is now important support below
$56.
Russell 2000 Shares Russell 2000
Trust ( IWM ) has concerned me for several months, and last week it
dropped below the April lows. This is a further sign of weakness, and as I
noted several weeks ago the A/D line on the Russell 2000 failed to make a new
high with prices in April.
The rebound in
IWM is likely to fail in the $85 to $85.50 area, even if the SPY makes new
highs. Therefore, the current rally should be used as an opportunity to move
out of both small and mid-cap stocks.
Once below the
recent lows at $80.76, the next major support is in the $77.50 to $78 area.
NEXT: Sector Focus
Here’s
Why Pending Home Sales Plummeted in April Wall St. Cheat
Sheet May 27, 2011 ‘ According to
the National Association of Realtors , The Pending
Home Sales Index (PHSI) , a forward-looking indicator, dropped 11.6 percent to
81.9 in April, down from 92.6 in March. The number is down 26.5 percent from a
peak 111.5 in April 2010 when buyers were rushing to meet the deadline for the
home buyer tax credit.This data reflects contracts, but not closings, which
usually don’t occur until a month or two after contracts are signed.The news
hasn’t done much for real estate stocks ( NYSE:IYR ), down 0.06% today, but might be responsible for the
0.86% hike in home builders stocks ( NYSE:XHB ).While the PHSI in the Northeast actually rose 1.7% to
64.5 in April, it is still 33.4% below its figure for this time last year. PHSI
in the Midwest is down 10.4% to 74.1, down 30.2% from April 2010. Pending home
sales in the South dropped the most at a decline of 17.2% in April, 27% below a
year ago. Still, the PHSI for the South is 91.3, significantly higher
than that of other regions. In the West the index declined 8.9% to 89.1 and is
16.9% below April 2010 figures…’
Investing
in Precious Metals: Is Gold Worth Dying For? Wall St. Cheat
Sheet
May 27, 2011 ‘Thursday, gold ( NYSE:GLD ) and silver ( NYSE:SLV ) took a breather as the Dow ( NYSE:DIA ) and S&P 500 ( NYSE:SPY ) closed slightly higher. The markets seem somewhat
confused as the Greek debt crisis lingers on. In times of uncertainty,
investors often turn to gold as a place of refuge. However, just how
expensive is it to really obtain gold? Some gold miners (GLDX) may find
out the hard way.The medical condition known as silicosis could be a potential
problem for some gold miners. Silicosis is the scarring of the lungs
caused by extended exposure to the dust found in South African mines.
These mines are now run by companies such as Harmony Gold Mining ( NYSE:HMY ), Gold Fields Ltd. ( NYSE:GFI ), and AngloGold Ashanti Ltd. ( NYSE:AU ). These miners are now facing coming lawsuits.
HMY fell the hardest on the day, closing 3.57% lower.While the total
number of claims and size of judgements are nearly impossible to estimate at
this time, RBC Capital Markets claims the liability of mining companies could
reach as high as $100 billion. RBC reached this estimate by assuming
there are 300k claimants, each suing for at least 2 million rand. The
Constitutional Court said workers who qualified for state benefits for
occupational related disease, could also receive additional compensation from
their former mining employers.Gold Fields Ltd ( NYSE:GFI ) CEO Nicholas Holland said, “It’s speculative at
this stage to assume that there’s going to be a huge number of suits or whether
in fact those suits will even be successful.” Another miner, Anglo
American , is already involved in a silicosis suit that dates back to 2004, and
involves 18 miners (4 of the 18 have already died). The mines today employ
about 160k people, according to the Chamber of Mines.Investors willing to
overlook the lawsuits may want to consider the following ETFs and stocks:
iShares Silver Trust ( NYSE:SLV ), PowerShares DB Silver Fund ( NYSE:DBS ), ProShares Ultra Silver ( NYSE:AGQ ), First Majestic Silver Corp. ( NYSE:AG ), SPDR Gold Trust ( NYSE:GLD ), Market Vectors Etf Trust ( NYSE:GDX ), or Barrick Gold Corporation ( NYSE:ABX ).Investors who are bearish in precious metals, or simply
looking for a hedge, may find the following stocks, ETFs, and ETNs
interesting: ProShares UltraShort Silver ( NYSE:ZSL ), PowerShares DB Gold Short ETN ( NYSE:DGZ ), or PowerShares DB Gold Double Short ETN ( NYSE:DZZ ).For more analysis and guidance in the white hot
precious metals sector, consider
a free 14-day trial to our acclaimed Gold & Silver Investment Newsletter. ’
Entitlements:
4 Things You Must Know Now – with Gerri Willis Wall St. Cheat
Sheet May 27, 2011 ‘Entitlements
have become a big issue now that the
US has a major debt problem and a record number of boomers are
expected to retire in the coming years. I caught up with Fox Business anchor
Gerri Willis to get a Cheat Sheet for the hot button entitlement issue:
Damien Hoffman: Gerri, what are entitlements?
Gerri Willis: Simply put, entitlements are government
payouts. Normally we think of Social Security, Medicare and Medicaid when we
say entitlement. Most Americans feel that getting benefits from these programs
is a right because they’ve paid into them. Corporate America is on the federal
dole, too, at times, most recently when banks ( NYSE:XLF ) and auto companies such as General Motors ( NYSE:GM ) were bailed out during the financial crisis.
Currently, Congress is debating how to fix the
overspending in Social Security, Medicare and Medicaid. The problem with these
programs is that they’ve morphed from temporary or short-term safety nets into
permanent floors that people rely on. As a result, the costs of these programs
is swamping the
federal budget .
Damien: How much are we spending on entitlements?
Gerri: Entitlement spending is the vast majority of our federal
budget and growing every year. This year alone spending on Social Security,
Medicare and Medicaid will account for 57 percent of all federal outlays, and
the spending level is 5.4 percent higher than last year.
Damien: Can we continue to support those three programs
at this level?
Social Security, Medicare and Medicaid are in big
trouble. Social Security will run out of money in 2036; Medicare in 2024.
Already both programs are running a deficit right now. Social Security has a
deficit of $46 billion and Medicare has $80 billion in red ink.
Damien: Gerri, in your opinion, what do you think future
legislation dealing with this issue will look like?
Gerri: I believe we’re going to have to wait awhile for
reform. Congress has always been wary of the third rail of politics and with
elections approaching in 2012, they are wary of tackling anything as
controversial as entitlement reform right now. However, there does seem to be
some consensus building for change. Many folks seem to agree that the age that
Social Security recipients receive benefits should be moved higher, others say
that Medicare shouldn’t be available to the very wealthy or that their benefits
should be scaled back in some way. Even implementing both of those ideas won’t
fix the problems we are facing; however, a more dramatic change is needed to
avoid pushing our country into a more desperate financial crisis.
FOX Business Network
wraps up “Entitlement Nation: Makers vs. Takers” on Friday, May 27th, 2010.
Don’t Miss: CHART
OF THE DAY: Watch the US Debt Set a 60 Year Record . ‘
EVERYTHING
RISES AND THE DIP IS BEING BOUGHT: Here's What You Need To Know Business
Insider
Joe Weisenthal May 27, 2011 ‘ The week has clearly ended on a positive note, although
we've now seen four straight weeks of declines.
But first, the scoreboard:
Dow: +37.20
And now, the top stories:
Really, it
was super quiet and nothing happened. Probably the most notable thing was
that China declined hard again , and has
now fallen 11% from its recent high.
In the
very early going, there was a little bit of excitement when Belgian lender Dexia was halted, but ultimately
it didn't turn out to be much.
In the US,
spending data came in a little light, but it didn't matter. The dip is
being bought, and stocks are higher again. Big day for everything that
wasn't the dollar.
Global
Economic Rebound Weakens on Quake, Oil Price, European Debt Crisis Bloomberg | World
economy has entered a softer patch with the incoming growth data mostly
disappointing.
Marc Faber:
Prepare for Another War Jonathan Chen | From
2002-2008, Greenspan and Bernanke have created massive bubbles.
20
Questions To Ask Anyone Foolish Enough To Believe The Economic Crisis Is Over The Economic
Collapse | We are still in the middle of a full-blown economic crisis
and things are about to get even worse.
Second
Biggest Weekly Drop Ever In Treasurys Held In The Fed’s Custodial Account As
Foreigners Dump There was one
truly interesting observation in this week’s Fed balance sheet update: not that
the actual balance sheet hit a new all time record (which it did at $2.779
trillion), or that the Fed added another $24 billion in Treasurys to its
balance sheet, or that total reserves hit a new all time record, increasing by
$53 billion to $1.59 trillion. China Gold
Imports to Surge: Report Chinese demand
for gold bars and coins as private investments could push bullion imports above
400 tonnes in 2011, leading global consultancy GFMS said on Friday. U.S. dollar could
‘collapse’: UN The United
Nations warned on Wednesday of a possible crisis of confidence in, and even a
“collapse” of, the U.S. dollar if its value against other currencies continued
to decline. The
Shocking DRINK And Incredible History Of COKE Subliminal Advertising Looking for a new way to publicize your product? Have you
considered implanting suggestions in your current advertising that link your
product to sex and power? [ Come on! In updating my skills / knowledge base,
included were my psychology studies which currently all but dismiss as but
‘folklore’ the effectiveness, if even existent, of such subliminal advertising
(you might even wonder about the Rorshach factor in interpreters of same);
though blatent propaganda in its various forms still remains marginally
effective (unless you think about it … rugged athletes, the guy with the babe,
parties, etc… Riiiiight! The cola did it!). I drink coca cola, pepsi cola,
royal crown cola, generic cola, etc., and in no way attach a ‘sexual / power
advantage’ to drinking same. After all, there are healthier things to drink (
… Amid
health fears, Diet Coke sweetener in safety spotlight An artificial
sweetener used in Diet Coke is to undergo an urgent EU safety review…) For me, it’s all about the fizz, the
caffeine, and then the taste. ] Competing
plans on job growth Obama and Congressional Republicans hope to cut the cost
of doing business for U.S. firms. White
House wants to simplify rules (Washington Post) [ Plans? Is that it?
Costs? For the foreseeable future that counts, the logical conclusion will
invariably be, based on costs and prior misguided decisions (you still remember
Perot), ship them overseas, outsource, outsource, outsource … even Apple does
that in a big way while still getting premium prices (as if made is usa). No …
you can’t unring the bell on their ill-fated, but collectively culpable
missteps. But, this plan of theirs, my recollection is that’s what they’ve been
purportedly doing for the last several election cycles spanning well over a
decade. Oh, riiiiight! It’s that time of the season again … election time.
Despite the rhetoric and spin, the scenario remains dismal … the grim economic reality [ http://albertpeia.com/grimreality.htm Jobless
Claims Rise 10,000 First
Quarter GDP Stalls Nothing
New In GDP Update, U.S. Grew At 1.8% In Q1
[ Economic data bad and worse than expected … stocks rally on the worse
than expected news 24 Signs Of
Economic Decline In America ‘The US is in the middle of a
devastating long-term economic decline..’ ]
States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Poll:
For Obama, low marks on Afghan war (WP) Fuel
prices cut into Obama popularity
(WP) (The frauds on wall
street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed), and have used the mideast turmoil to obfuscate their failure. … an especially great opportunity to sell
/ take profits while you still can since there's much worse to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog/ Selling
In May Is Very Good Advice This Year
Harding / Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This is an especially great opportunity to sell /
take profits while you still can since there's much worse to come! Remember:
‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the level of insider corporate stock
sales is telling. At 565 sells for every 1 buy, it’s never been
higher. Yes, it’s normal for insiders to be selling some of their stocks so
they can buy new yachts and some of this is pre-planned. But that ratio — which
has spiked recently — is extraordinarily high, one might even say
off-the-chart. ]
Ex-Nasdaq
exec pleads guilty to fraud (Washington
Post) [ Roche 'The worst part of it
...Obama, who vowed change, has done almost nothing to fix any of it and
in fact continues most of the policies that helped get us here in the first
place’ ‘INSIDE JOB’ Ferguson wins Oscar for Documentary on the
unprosecuted massive extant fraud in the (many) TRILLIONS by the frauds on wall
street ( and declares with oscar in hand that not one high level wall street
exec has been prosecuted … despite ‘earning’ billions from the fraud ) . Choose Your Hathaway: Berkshire or Anne Sizemore 5-26-11 ‘When the actress' name is in the headlines, Berkshire Hathaway
share prices rise, proof that "robotrading" puts many investors at
risk.’ ‘Given that algorithmic trading now accounts for 70% of all trading,
it’s not implausible. Sadly, this is what the investment management profession
has degenerated into.’ [ As to his ‘blood in the streets reference’ … sadly …
coming to a theater near you. ] [ I just had to include this article,
emphasizing the folly / fraud of wall street. Well done! But butt buffet? Wall street
shill, he ultimately goes out a buffoon and fraud friend of wall street; a
further sign of pervasively corrupt, defacto bankrupt american decline. But,
‘puppy-dog-eyes’? I don’t think so. How ‘bout ‘cat’s eyes’, as in Catwoman.
Don’t forget Chuck, ‘ mnemonics’,
loosely speaking, are kind of like in a clichéd sort of way, that ‘double edged sword that cuts both ways’ …
you know, ‘Tom Sizemore’ … are you related? ] Stock
Market: 4 Current Warning Signs Navin ‘…1) The 5-year high in the
level of insider corporate stock sales is telling. At 565 sells for every 1
buy, it’s never been higher. Dave's
Daily 'If you can keep interest rates this
low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued …only time the markets have been more
overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This is an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! Remember: ‘Sell in May and go away!
20
Questions To Ask Anyone Foolish Enough To Believe The Economic Crisis Is Over The
Economic Collapse May 26, 2011 | We are still in the
middle of a full-blown economic crisis and things are about to get even worse.
If you listen to Ben Bernanke, Barack Obama and the
mainstream media long enough, and if you didn’t know any better, you might be
tempted to think that the economic crisis is long gone and that we are in the
midst of a burgeoning economic recovery. Unfortunately, the truth is that
the economic crisis is far from over. In 2010, more homes were
repossessed than ever before, more Americans were on food stamps than ever
before and a smaller percentage of American men had jobs than ever
before. The reality is that the United States is an economic basket case
and all of these natural disasters certainly are not helping things. The
Federal Reserve has been printing gigantic piles of money and the U.S.
government has been borrowing and spending cash at a dizzying pace in an
all-out effort to stabilize things. They have succeeded for the moment,
but our long-term economic problems are worse then ever. We are still in
the middle of a full-blown economic crisis and things are about to get even
worse.
If you know someone that is foolish enough to believe
that the economic crisis is over and that our economic problems are behind us,
just ask that person the following questions….
#1 During the 23
months of the “Obama recovery”, an average of about 23,000
jobs a month have been created. It takes somewhere in the
neighborhood of 150,000 jobs a month just to keep up with population
growth. So shouldn’t we hold off a bit before we declare the economic
crisis to be over?
#2 During the
“recession”, somewhere between 6.3
million and 7.5 million jobs were lost. During the “Obama
recovery”, approximately 535,000 jobs have been added. When will the rest
of the jobs finally come back?
#3 Of the 535,000
jobs that have been created during the “Obama recovery”, only
about 35,000 of them are permanent full-time jobs. Today, “low income jobs”
account for 41 percent of all jobs in the United States.
If our economy is recovering, then why can’t it produce large numbers of good
jobs that will enable people to provide for their families?
#4 Agricultural
commodities have been absolutely soaring this decade. The combined price
of cotton, wheat, gasoline and hogs is now
more than 3 times higher than it was back in 2002. So how in the world can
the Federal Reserve claim that inflation has been at minimal levels all this
time?
#5 Back in 2008,
banks had a total of 27 billion dollars in excess reserves at the Fed.
Today, banks have a total of approximately 1.5 trillion dollars in excess
reserves at the Fed. So what is going to happen when all of this money
eventually hits the economy?….
#6 If the U.S.
economy is recovering, then why are shipments by U.S. factories still substantially
below 2008 levels?
#7 Why are
imports of goods from overseas growing much
more rapidly than shipments of goods from U.S. factories?
#8 According to
Zillow, the average price of a home in the U.S. is about 8 percent lower than
it was a year ago and that it continues to fall about 1 percent a month. During
the first quarter of 2011, home values declined at the fastest rate since late 2008 . So can we
really talk about a “recovery” when the real
estate crisis continues to get worse?
#9 According to a
shocking new survey, 54
percent of Americans believe that a housing recovery is “unlikely” until at
least 2014. So how is the housing industry supposed to improve if so many
people are convinced that it will not?
#10 The latest GDP
numbers out of Japan are a complete and total disaster. During the first
quarter GDP declined by
a stunning 3.7 percent . Of course I have been saying for months that the
Japanese economy is collapsing, but most mainstream economists were
absolutely stunned by the latest figures. So will the rest of the world
be able to avoid slipping into a recession as well?
#11 Next week,
Republicans in the House of Representatives are going to allow a vote on
raising the debt ceiling. Everyone knows that this is an opportunity for
Republican lawmakers to “look tough” to their constituents ( the
vast majority of which do not want the debt ceiling raised ).
Everyone also knows that eventually the Republicans are almost certainly going
to cave on the debt ceiling after minimal concessions by the Democrats.
The truth is that neither “establishment Republicans” nor “establishment
Democrats” are actually serious about significantly cutting government
debt. So why do we need all of this political theater?
#12 Why are so
many of our once great manufacturing cities being transformed into hellholes ? In the city of Detroit
today, there are over 33,000 abandoned houses, 70 schools are being permanently
closed down, the mayor wants to bulldoze one-fourth of the city and you can
literally buy a house for one dollar in the worst areas.
#13 According to
one new survey, about
half of all Baby Boomers fear that when they retire they are going to end up
living in poverty. So who is going to take care of them all when the
money runs out?
#14 According to
the U.S. Bureau of Labor Statistics, an average of about 5 million Americans
were being hired every single month during 2006. Today, an average of
about 3.5 million Americans are being hired every single
month. So why are our politicians talking about “economic recovery”
instead of “ the
collapse of the economy ” when hiring remains about 50 percent below normal?
#15 Since August, 2
million more Americans have left the labor force. But the entire period
from August to today was supposed to have been a time of economic growth and
recovery. So why are so many Americans giving up on looking for a job?
#16 According to Gallup , 41 percent of
Americans believed that the economy was “getting better” at this time last
year. Today, that number is at just 27 percent. Are Americans losing faith in the U.S.
economy?
#17 According to
the U.S. Census, the number of children living in poverty has gone up by about 2 million in just the
past 2 years, and one out of every
four American children is currently on food stamps. During this same
time period, Barack Obama and Ben Bernanke have told us over and over that the
U.S. economy has been getting better. So what is the truth?
#18 America has
become absolutely addicted to government money. 59 percent of all Americans now receive money
from the federal government in one form or another. U.S. households are now
receiving more income from the U.S. government than
they are paying to the government in taxes . Americans hate having their
taxes raised and they hate having their government benefits cut. So is
there any hope that this will ever be turned around before disaster strikes?
#19 The combined
debt of the major GSEs (Fannie Mae, Freddie Mac and Sallie Mae) has increased
from 3.2 trillion in 2008 to 6.4 trillion in 2011 . How in
the world is the U.S. government going to be able to afford to guarantee all of
that debt on top of everything else?
#20 If the U.S.
national debt (more than 14 trillion dollars) was reduced to a stack of 5
dollar bills, it
would reach three quarters of the way to the moon . The
U.S. government borrows about 168 million dollars every single hour. If
Bill Gates gave every penny of his fortune to the U.S. government, it would
only cover the U.S. budget deficit for 15 days. So how in the world can
our politicians tell us that everything is going to be okay?
CIA
team to scrub bin Laden compound
EXCLUSIVE | Pakistan has agreed to let a forensics team in to use
sophisticated equipment to look for clues related to al-Qaeda in walls or
underground, a sign of cooperation between the two spy services. (Washington
Post) [ ‘To look for clues?’ Don’t make me laugh! How ‘bout to ‘plant clues’
consistent with their alternate ‘reality’(catapulting the propaganda, again and
now again, and really soaking the story) ; which of course is propagandized
fiction: | U.S. intelligence is that bin Laden needs dialysis every 3 days
/ http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST MOMENTS BEFORE PRESIDENT OBAMA
ANNOUNCED THAT THE US HAD KILLED OSAMA BIN LADEN, THE WHATREALLYHAPPENED
WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE ATTACK. THIS PAGE,
WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED IN DECEMBER OF 2001, APPEARS
TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS
"CATAPULTED FORWARD". IT IS POSSIBLE THAT THIS IS THE OPENING GAMBIT
IN A PLAN TO STAGE A "REVENGE" ATTACK FROM "AL QAEDA" ON
THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST… Davis ‘This is how we
pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. ‘ Senate
Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a hard
place called Afghanistan [ Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (WP) [
Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Jones
FLASHBACK: Editorial: US in
quagmire War
in Afghanistan and Iraq costs America $1trillion Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ ex-Justice
official .. accused his former employer of instructing attorneys in the civil
rights division to ignore cases that involve black defendants and white victims
' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Krauthammer:
What Obama did to Israel (Washington Post) [ The fundamental problem with Mr.
Krauthammer’s non-sequitor illogic is the manner in which war crimes nation
israel came by those lands (war) and the numerous violations of u.n.
resolutions (ie., 242, 338, etc., and oslo accords, etc.), international law,
illegal nukes, war crimes (flotilla raid, etc.) since then. He thus becomes the
journalistic equivalent of what Pat Buchanan refers to as the ‘israeli amen
corner’ in congress. If only one could realistically ignore the detriment the
world and america have suffered as a direct consequence of this foreign policy
bent … Top
Democrats criticize Obama’s Israel policy
Now the president — whom critics often accuse of employing a
play-it-safe governing style in which he waits for others to take the lead — is
largely isolated politically in raising the issue of 1967 boundaries.
(Washington Post) [ What policy … to him, just words … more b***s*** . I’ve
thus far refrained from commenting on what I’ve anticipated to be ‘just more of
the same’; empty rhetoric. Pervasively corrupt, defacto bankrupt america makes
the wrong choice at every turn, ensuring in every way, decline and fall;
self-destructive, self-defeating. Make no mistake, and let me reiterate, that
substantially underrated President General Eisenhower would have put American
interests first and the current debacle would never have occurred in the first
instance … see, ie., http://albertpeia.com , historical
documentation, from website: http://www.ameu.org ‘Lest We Forget The Israeli lobby in
Washington has successfully influenced the U.S. Congress to give billions of
non-repayable dollars each year to Israel on the premise that Israel's loyalty
and strategic importance to the United States make it an ally worthy of such
unprecedented consideration. Is it ? In his Farewell Address, George Washington
warned Americans to avoid a passionate attachment to any one nation because it
promotes "the illusion of an imaginary common interest in cases where no
real common interest exists." In 1948, U.S. Secretary of Defense James
Forrestal, an opponent of the creation of a Jewish state in Palestine, warned
that, even though failure to go along with the Zionists might cost President
Truman the states of New York, Pennsylvania, and California, it was about time
that somebody should pay some consideration to whether we might not lose the
United States. Israeli actions over the past 53 years involving U.S. interests
in the Middle East seriously challenge the "strategic asset" premise
of the Israeli lobby. Some of these actions are compiled in the list that
follows: …’ ] Netanyahu
lays out vision for Mideast peace (Washington Post) [
Vision? Don’t make me laugh! The guy’s blind; and a ward and provocateur at
america’s substantial cost and detriment. ]
Harold
Camping reaffirms October date for the end of the world, says May 21 date was
'invisible judgment day' (The Washington
Post) [ I comment here not owing to the importance of the latest ‘prediction’
by camping who’s probably ‘been camping’ too long in the nether reaches of the
atmosphere (affects the brain, ‘neural firing’ in a negative fashion); but to
allay public concerns, and particularly for those suffering from generalized
anxiety disorder, to subtract one life circumstance from their unrealistic
worry; and, because I had previously commented as set forth infra. No! The
world will not be ending on October 21, 2011 or any other date as set forth by
camping. Indeed, God needs no mathematics, formulae, or codes to
surreptitiously convey the end; his hand ultimately unmistakably known to all.
You’ll know it when you see it. As for camping, let’s play umpires and predict
the future; strike three, he’s out. Harold
Camping: the heart of the doomsday frenzy (Los Angeles Times) The last-minute
rapture reading list (Los Angeles
Times) [Drudgereport: Preacher made same prediction
in 1994... Doomsday church thriving,
worth $72 million... [Previous: ‘End
of Days’ message rolls into D.C. (Washington
Post) The potentially rotten news
that the world will end on May 21 arrived plastered on a caravan of RVs. [ Gee
… little premature … you know, that 2012, end of Mayan calendar, Nostradamus
thing … I previously weighed in / wrote:
Why
do Americans still dislike atheists? (Washington
Post) [ And not just americans … Why?
First and foremost because there is a God. Second, it is intellectually
dishonest to be an atheist. Specifically, there is absolutely no evidence to
dispute the existence of God. While one might similarly argue that there is no
evidence to suggest there is a God (which I would dispute), which for most is a
fair statement, the same would yield at best, if intellectually honest, the
position of ‘agnostic’. I can totally understand and even empathize with the
view of the agnostic. After all, at this point, there seems to be ‘no rhyme nor
reason’ at all. But, think binary, positives / negatives. Just too many negatives.
Think ‘capital punishment’. No, the world’s not going to end in 2012 as some
fear. Rather, think slow burn; decades at best; then ‘poof’. In the scheme of
things, this world’s just not that important
(apes, notochordates, and
initially single celled organisms). ]
Choose Your Hathaway: Berkshire or Anne Sizemore May 26, 2011 ‘When the actress' name is in
the headlines, Berkshire Hathaway share prices rise, proof that
"robotrading" puts many investors at risk.’ ‘Given that algorithmic
trading now accounts for 70% of all trading, it’s not implausible. Sadly, this
is what the investment management profession has degenerated into.’ [ As to his
‘blood in the streets refeerence’ … sadly … coming to a theater ner you. ] [ I
just had to include this article, emphasizing the folly / fraud of wall street.
Well done! But butt buffet? Wall street shill, he ultimately goes out a buffoon
and fraud friend of wall street; a further sign of pervasively corrupt, defacto
bankrupt american decline. But, ‘puppy-dog-eyes’? How ‘bout ‘cat’s eyes’, as in
Catwoman. Don’t forget Chuck, ‘ mnemonics’, loosely speaking, are kind of
like in a clichéd sort of way, that ‘double edged sword that cuts both ways’ …
you know, ‘Tom Sizemore’ … are you related? ] We’ve always admired Berkshire
Hathaway (BRK-A) Chairman Warren Buffett. He is, after all, the most
successful investor in history and a legend in his own time. Mr. Buffett’s
annual reports are fountains of investment wisdom that should be required
reading in business schools and for
everyone in the money management profession.We’ve also had an admiration for
the Hollywood actress Anne Hathaway for many years, though we know nothing of
her investment acumen. Some readers of the Sizemore Investment Letter might be
interested to know that the 28-year-old Ms. Hathaway will be starring in next
year’s Batman movie, The Dark Knight Rises , as the Catwoman. Berkshire Hathaway
shareholders had better hope that her performance generates its share of press.
Their investment returns might depend on it.Yes, dear readers, you read that
correctly. As ridiculous as it might sound, the price of Berkshire Hathaway’s
(BRK-B) shares move in tandem with Ms. Hathway’s film career. Consider what the
Financial
Times had to say on the matter:
Anne Hathaway is young, beautiful and
excels in soppy romantic comedies. But while her puppy-dog-eyes bring tears to
multiplexes worldwide, her performances are now being watched in a less
familiar quarter: Wall Street.
Bride Wars was also a good day for Berkshire stock -- up 2.60%. And why might Anne Hathaway be having this
effect on Berkshire Hathaway’s price? Mirvish suggests that “robotraders” are
scanning the headlines looking for trends, and upon seeing multiple mentions of
“Hathaway,” are automatically buying Berkshire Hathaway stock. Given that
algorithmic trading now accounts for 70% of all trading, it’s not implausible.
Sadly, this is what the investment management profession has degenerated into.
Real “roll up your sleeves” research is too much work. Who has time to read the
notes to a balance sheet, after all? Even technical analysis, which has always
had its share of the mentally lazy who prefer cheap shortcuts they rarely
understand, is now too much work. Yes, instead we now have computers reading the newspapers for us and buying Berkshire
Hathaway stock every time Anne Hathaway gets photographed by the paparazzi.
Brilliant. The bad news is that this kind of nonsensical noise trading adds to
the volatility of the markets. Remember last year’s “Flash Crash” in which the
Dow dropped 1,000 points for no discernible reason only to gain most of it back
almost instantly? Though there has yet to be a satisfactory answer as to what
happened that day, most blame the crash on algorithmic trading run amok. The
timing of the Flash Crash, just a year after the worst bear market in a
generation, added to the sense of alienation that many retail investors feel towards Wall Street. The man on the street can be
forgiven for concluding that it is a rigged game. The truth is, Wall Street
really is a rigged game and it always has been. And even with the massive
regulatory apparatus ostensibly put in place to protect the “little guy,” the
reality is that Wall Street will most likely always be a rigged game. invest accordingly. And as for the lovely Ms. Hathaway, we
enjoy our starlets on the silver screen, but we don’t let them affect our
investment decisions.’ ‘Dancing
With the Stars’: Season 12 ‘Idol’
names winner in record vote Goodbye
Oprah (Washington Post) [ I must admit, never
having seen even one of the foregoing shows, the ‘dry heaves / nausea’ factor
at even the thought of same may seem, in light of their popularity, less than
fair or objective. The truth is that more probable is the ‘deamericanization
factor’ that I and I believe the rest of the world is experiencing. I usually
don’t comment on entertainment matters; but, a sign of the times is
noteworthy. 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall
street et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed), and have used the mideast turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this
low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares
and pay dividends with what essentially is taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year
Harding / April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs Navin ‘…1) The
5-year high in the level of insider corporate stock sales is telling. At 565
sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some
of their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.]
Washington
area’s Asian population booms (Washington Post) [ This seems to
foreshadow that almost mythical, legendary, prospective ‘long march’ so
heralded in Chinese lore (at least the military’s) regarding the final conquest
of pervasively corrupt, defacto bankrupt, and rapidly declining america. I’d
say they’re watching ever more closely the ever more worthless american paper
they’re holding. Davis ‘This is how we pay off our current debts and I think bondholders
are simply happy to get anything out of a country that admits it owes $15Tn
(1/4 of global GDP) but probably owes closer to $60Tn (entire global GDP) in
the form of unfunded liabilities. The funniest thing about this (and you have
to laugh) is to see Conservative pundits get on TV and talk about how we need
to cut $100Bn worth of discretionary spending to "fix" this (while
continuing to spend $1Tn on the military and $1Tn on tax cuts for the top 1%
each year). There is no fixing this and even a Republican said you can’t fool
all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE
CAREFUL OUT THERE! ‘ Senate
Dems find themselves in a tough spot (WP) [ Tough spot? Like Iraq and a hard
place called Afghanistan; indeed they are. [ Pakistani
troops, NATO helicopters engage in firefight 6th
soldier charged in plot to kill Afghan civilians (Washington Post) [ Gen. Hamid Gul: U.S. Generals Provoking War with Pakistan
Jones |
U.S. intelligence is that bin Laden needs dialysis every 3
days/ http://whatreallyhappened.com/WRHARTICLES/osama_dead.php 5-1-11, JUST MOMENTS BEFORE PRESIDENT OBAMA
ANNOUNCED THAT THE US HAD KILLED OSAMA BIN LADEN, THE WHATREALLYHAPPENED
WEBSITE CAME UNDER MASSIVE DISTRIBUTED DENIAL OF SERVICE ATTACK. THIS PAGE,
WHICH DOCUMENTS THAT OSAMA BIN LADEN ACTUALLY DIED IN DECEMBER OF 2001, APPEARS
TO BE WHAT THE WHITE HOUSE DIDN'T WANT AVAILABLE WHILE THE NEW PROPAGANDA WAS
"CATAPULTED FORWARD". IT IS POSSIBLE THAT THIS IS THE OPENING GAMBIT
IN A PLAN TO STAGE A "REVENGE" ATTACK FROM "AL QAEDA" ON
THE UNITED STATES, WITH WHICH TO JUSTIFY TOTAL WAR ON THE MIDDLE EAST… FLASHBACK: Editorial:
US in quagmire
War
in Afghanistan and Iraq costs America $1trillion Roche 'The worst part of it ...Obama, who vowed change, has done almost
nothing to fix any of it and in fact continues most of the policies that helped
get us here in the first place’ UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and
personal testimony, an ex-Justice official who quit over the handling of a
voter intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP Obama has promised to hold Wall
Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Why
we read Palin’s tell-all The underlying
interest says something more primal than simply our fascination with Mama
Grizzly. (Washington Post) [ I’d say it’s more of a curious fascination with
the ‘new american dumb’. After all, who can deny the boost she got from SNL’s
Tina Fey’s impresarios highlighting same. Yet, in comparison with and
juxtaposed to the rest of the Washington field (mccain, bush, wobama, et als),
she’s got plenty of cover / camouflage.
Send to a friendSarah Palin: Don't pick on Donald Trump Politico - Even though Donald
Trump has wholeheartedly embraced the wall-to-wall media coverage that's come
with his promotion of the widely discredited “birther” issue, Sarah Palin
argued Tuesday that the press is treating him ... Trump's business success claims questioned CBS News ‘…Trump hotels and casinos in Atlantic City have filed for bankruptcy
protection three times. While Trump blamed market forces, he has long been chairman
of the board for the casino businesses.In his defense, Trump said he
"didn't run the company." Isikoff then asked why he was paid $2
million per year to chair the board of that business. Trump replied:
"Excuse me. Because I'm a genius, okay."Trump said many different
businesses license the use of his name, but he's not directly involved in their
operations.Casinos have not been the only weakness in the Trump empire. There
have been many high profile bankruptcy filings, bad real estate deals, and a trail
of ongoing lawsuits accusing him of bad business practices.Another questionable
move was "Trump University," an online, for-profit business education
firm. The attorney general in Texas ordered him to stop using the word
"university" in its title. Trump said his company was unaware of
restrictions on the use of that word.Isikoff also said he asked Trump if he
thought the state of Hawaii was lying in regards to Obama being born there, and
he did not answer the question. In summation of his experiences that qualify
him to be President of the United States, Trump told Isikoff: "My
successes...have been vast. I don't even view myself as having failures, and I
certainly learned from things that don't work out as well." ‘ As Trump rants, TV ratings slide Tampabay.com Parker:
The GOP plays a crazy Trump card (Washington Post) [ I don't know what polls Ms. Parker's
referring to; but unless she's referring to mobster trump apprentice news
(trump was fired from his own casino company), that certainly doesn't comport
with polls I've read. Moreover, like palin, trump's the joke that keeps on
giving (for SNL, late-night talk hosts, etc.) ...’ ]
Allan Sloan A Wall Street
money maven suggests buying stocks of some large-capitalization U.S.
multinational firms. (Washington Post) [ Sorry Mr. Sloan. Your usual right-on
perspicuity is a bit off here; certainly in terms of time. That was the
strategy in light of the dollar debasement
which, along with continued fraud among other manipulations, has created a stock-price bubble almost of
unprecedented magnitude (infra). The best advice now comports with that old
adage: ‘Sell in May and go away’. This is an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs Navin ‘…1) The
5-year high in the level of insider corporate stock sales is telling. At 565
sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some
of their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. 2) Professor Shiller at Yale figures that the present price-to-earnings ratio for the Standard & Poor’s 500 is
in the area of 26.
The historical average is about 16 . 3) The failure of the financial sector to keep up is a significant negative
divergence for the entire market.
4) Key market leaders are rolling over in price... ‘
Global
Economy Dying on the Vine Nyaradi
‘The global economy seems to be dying on the vine as more news of
economic slowdown pours in every day. The U.S. stock market and ETFs continue
to react negatively to deteriorating economic news even as the Federal Reserve
bought $6 Billion in their POMO operations yesterday.The DJIA, S&P 500 and
NASDAQ are all below their 50 Day Moving Averages while the NASDAQ has also
dropped below its 100 Day Moving Average.The NASDAQ and DJIA are now on Point
and Figure “Sell” signals, having experienced a Bearish Catapult Breakdown at
Tuesday’s close and now has a price target of 12,050.
http://static.seekingalpha.com/uploads/2011/5/25/saupload_djiapf052411.png stockcharts.com , click to enlarge
… Richmond Federal Reserve reported a severe drop in
activity in the region as the report actually contracted to -6 from a +10 in
April. China’s Purchasing Manager’s Index declined, Japan is back in recession
and Belgium, one of the core countries in the eurozone was issued a credit
downgrade warning by the Fitch ratings agency. Spain’s bond premium to the
benchmark German Bund is back to January’s levels and Greek 10 Year Bonds are a
whopping 17% which is clearly unsustainable. Closer to home, Vice President
Biden continues to work with Congress towards what they’re labeling a $1
Trillion down payment to avert a government shutdown in August and the Illinois
State Treasurer says his state is on the “verge of financial disaster.” …’ ]
Geithner:
‘Dark forces’ working against overhaul (Washington Post) [ Yeah! And, this was so from the date of ‘tiny tim
geithner’s’ appointment, along with other insiders. . Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke (a must read) | ‘…He has been
covertly funded and supported ever since by the Trilateral Commission and its
network of foundations connecting into the Ford Foundation, for whom Obama's
mother worked... Does anyone really believe that someone, a 'man of the
people', would simply appear from apparently nowhere to run the slickest and
best-funded presidential campaign in American history? He was chosen long ago
by those who wish to enslave the very people that Obama says he wants to 'set
free'. The sources of Obama funding .. - Goldman, UBS, Citi, Credit Suisse,
Deutsche, J.P. Morgan Chase, Morgan Stanley, etc. No wonder he went back on his
pledge to accept the limitations of public funding … Obama is just more of the
same, a big smile with strings attached, and controlled completely by those
that chose him, trained him, sold him and provided his record funding, kept his
many skeletons under wraps, like the gay sex and crack cocaine .. Larry
Sinclair (from affidavit: 1. Who is Ron Allen that claims to be with your
Presidential camp, who is alleged to claim that someone claiming to represent
me called asking for $100,000, to keep me from coming forward about our (Obama
and I) November 1999 encounter of sex and cocaine use?), ... Obama is just
another Banksters' moll prostituting himself .., and that's why he supported
the grotesque bail-out of the banking system and why he will always put their
interests before the people. His financial advisors are straight from the Wall
Street 'A' list, … Zionist Tim Geithner (Bilderberg Group, Trilateral
Commission, Council on Foreign Relations), was appointed Treasury Secretary, a
former employee of both the Council on Foreign Relations and the appalling
Kissinger Associates. Obama's Treasury team locks into the inner circle around
the Zionist Robert Rubin, Citi, Council on Foreign Relations, and economic
advisor to Obama. Rubin, ..Illuminati Bilderberg Group, the man behind Citi's
debacle.. rescued by taxpayers' money. The very people who caused the financial
crisis .. appointed by Obama .. CIVIL RIGHTS PANEL TO PURSUE
FED PROBE IN BLACK PANTHER CASE... In emotional and personal testimony, an ex-Justice
official who quit over the handling of a voter intimidation case against the
New Black Panther Party accused his former employer of instructing attorneys in
the civil rights division to ignore cases that involve black defendants and
white victims ...’ Cases
against Wall Street lag despite Holder’s vows to target financial fraud Obama has
promised to hold Wall Street accountable for the meltdown. ): ‘THE OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Drudgereport: USA
HITS DEBT CEILING... TREASURY
RAIDS PENSIONS... PUTIN
DECIDES TO RETAKE PRESIDENCY GALLUP:
Romney, Palin Lead GOP Field for 2012... In
Obama's Hometown, Romney Criticizes Econ Policies... Sends
Left-Over Pizza to Obama HQ... Will
formally announce run on June 2... 'PATRIOT
ACT' CLEARS CONGRESS -- WILL BE SIGNED INTO LAW BY A
MACHINE... 60
DAYS: GOP senators press Obama on war powers... Pile
of American debt -- would stretch beyond stratosphere! House
members' stock market success suspect... Congressional
bonuses handed out during budget crisis... Loughner
removed from courtroom after outburst... Found too american to stand trial... Gold,
silver coins to be legal currency in Utah... DAY
3: MORE TWISTERS... At
least 14 more killed... VIDEO... Fresh Twisters Touch Down... At
least 7 more killed... Death
toll reaches 124 in Joplin; Deadliest in half century.. 1,500 Reported Missing... TORNADO
SWARMS DEADLIEST IN MORE THAN HALF CENTURY HEARTLAND DEVASTATION... 116
dead, nearly 500 twister deaths this year... VIDEO... PHOTOS... AUDIO
TERROR: 'I LOVE YOU ALL'... 'I'm
alive!' text message saves man's life... 1,500
rescuers work through pouring rain... Threats of more to come... Looting
in Minneapolis... State
Treasurer Warns Bond Houses Against Further Loans to Illinois... NYT:
'Is Anti-White Bias a Problem?'
[ … In what some have called the new post-racial era, what
constitutes discrimination is shifting. The landmark Supreme Court case, Ricci
v. DeStefano , for example, ruled that white firefighters suffered
discrimination when their employer threw out a promotional exam because none of
the African-American firefighters who took the test qualified for promotion
…’ UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and
personal testimony, an ex-Justice official who quit over the handling of a
voter intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]UPDATE:
$24B in bailout paid to contractors who owe millions in taxes... Palestinians:
netanayahu Speech is 'declaration of war'... SUPREME
COURT ORDERS CA TO RELEASE UP TO 46,000 PRISONERS... 'Terrible things are sure to happen'... JERRY
BROWN: 'Let's raise taxes!!!' FEDS
SPEND MILLIONS STUDYING SHRIMP ON TREADMILLS?? 'GELATIN WRESTLING' IN
ANTARCTICA?? Zuckerberg
Shock: 'Only meat I'm eating is from animals I've killed myself'... "The only meat I'm eating is from animals I've killed myself,"
says the Facebook founder and CEO. It's an odd dietary direction for the 27-year-old Internet billionaire,
but since he has taken to killing goats, pigs and chickens, "I'm eating a
lot healthier foods. And I've learned a lot about sustainable farming and
raising of animals," he says. "It's easy to take the food we eat for
granted when we can eat good things every day." Zuckerberg's new goal
came to light, not surprisingly, on Facebook. On May 4, Zuckerberg posted a
note to the 847 friends on his private page: "I just killed a pig and a
goat."’
Global
Economy Dying on the Vine Nyaradi ‘The global economy seems to be
dying on the vine as more news of economic slowdown pours in every day. The
U.S. stock market and ETFs continue to react negatively to deteriorating
economic news even as the Federal Reserve bought $6 Billion in their POMO
operations yesterday.The DJIA, S&P 500 and NASDAQ are all below their 50
Day Moving Averages while the NASDAQ has also dropped below its 100 Day Moving
Average.The NASDAQ and DJIA are now on Point and Figure “Sell” signals, having
experienced a Bearish Catapult Breakdown at Tuesday’s close and now has a price
target of 12,050.
http://static.seekingalpha.com/uploads/2011/5/25/saupload_djiapf052411.png stockcharts.com , click to
enlarge
Yesterday’s economic reports gave the stock market a quick
boost at the open when new home sales came in at +7.3% and an annualized rate
of 323,000/year which still is at severely depressed levels. But then, the
Richmond Federal Reserve reported a severe drop in activity in the region as
the report actually contracted to -6 from a +10 in April. China’s Purchasing
Manager’s Index declined, Japan is back in recession and Belgium, one of the
core countries in the eurozone was issued a credit downgrade warning by the
Fitch ratings agency. Spain’s bond premium to the benchmark German Bund is back
to January’s levels and Greek 10 Year Bonds are a whopping 17% which is clearly
unsustainable. Closer to home, Vice President Biden continues to work with
Congress towards what they’re labeling a $1 Trillion down payment to avert a
government shutdown in August and the Illinois State Treasurer says his state
is on the “verge of financial disaster.” …’
Is the U.S. Worse
Off Than Europe? Maierhofer ‘… Deception and naive reporting are as
intertwined with the evolution of European dept woes as Feta cheese is to Greek
culinary culture. Rarely has this become more obvious than now. Luxembourg's Prime Minister didn't beat around the bush:
'When it becomes serious, you have to lie.' You be the judge whether it is more
'honorable' to omit, deceive, obstruct, misconstrue, or lie (purposely or
unintentionally). There are plenty of examples so we can make an educated
decision.You shouldn't throw stones if you are sitting in a glass house. This
is the case with the United States. The administration has engaged in all kinds
of maneuvers and financial alchemy to obstruct the truth and prevent free
market forces from expressing themselves. QE2 is the most famous example. Mr.
Bernanke is caught in his very own web of financial engineering side effects.
Preaching on one hand that QE2 was supposed to inflate assets and create a
wealth effect but denying that QE2 has caused wide spread food and energy
inflation. Another example is the 'adjustment' of accounting rule 157, demanded
and sanctioned by Congress. The 'new and improved' rule 157 allows banks
(NYSEArca: KBE ) and financial institutions (NYSEArca: XLF ) to omit hundreds of billions of toxic assets in an off
balance sheet bucket that doesn't affect earnings results …’
The
S&P 500's Lost Decade Short ‘Here is a
new update of a chart that illustrates the total return performance of the
S&P 500 since the Tech Bubble closing high on March 24, 2000. The chart
shows the value of $1000 invested in the index, including dividends, but
excluding any taxes or fees, as of May 20th. I've also included the real value
using the Consumer Price Index for the inflation adjustment. http://static.seekingalpha.com/uploads/2011/5/25/saupload_sp500_total_20return_on_1000_invested_in_2000_thumb1.png Click
for a larger image I calculated on the returns based on the daily price and
daily dividends interpolated from the quarterly dividends as reported by
Standard & Poor's. Thus the $1,070 nominal and $809 real values are the
hypothetical returns excluding any taxes or fees. For the sake of comparison
and to validate the calculation method, we can compare the nominal return in
the chart above to Vanguard's 500 Index Investor Fund ( VFINX ), which has
had a return of $1,057. Over the same timeframe The SPY ETF has returned
$1,044.We're now over eleven years beyond the S&P 500 2000 high. This
little charting exercise gives credence to the frequent reference to a
"lost decade" for investors. It also offers support for the wisdom of
diversification across asset classes.’
This is an especially
great opportunity to sell / take profits while you still can since there's much
worse to come! Remember: ‘Sell in May and go away! ‘ … El-Erian:
“Financial Repression” In the Form of a Negative Real Rate of Return for Savers
Is Coming to America Pimco co-chair El-Erian is saying that the major flaws in the financial
system will not be addressed, the government will keep on printing money, and
that the inflation-adjusted return on investments for most Americans will be
negative. Stock
Market: 4 Current Warning Signs Navin ‘…1) The
5-year high in the level of insider corporate stock sales is telling. At 565
sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some
of their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. 2) Professor Shiller at Yale figures that the present price-to-earnings ratio for the Standard & Poor’s 500 is
in the area of 26.
The historical average is about 16 . 3) The failure of the financial sector to keep up is a significant negative
divergence for the entire market.
4) Key market leaders are rolling over in price... ‘
Top
Democrats criticize Obama’s Israel policy
Now the president — whom critics often accuse of employing a
play-it-safe governing style in which he waits for others to take the lead — is
largely isolated politically in raising the issue of 1967 boundaries.
(Washington Post) [ What policy … to him, just words … more b***s*** . I’ve
thus far refrained from commenting on what I’ve anticipated to be ‘just more of
the same’; empty rhetoric. Pervasively corrupt, defacto bankrupt america makes
the wrong choice at every turn, ensuring in every way, decline and fall;
self-destructive, self-defeating. Make no mistake, and let me reiterate, that
substantially underrated President General Eisenhower would have put American
interests first and the current debacle would never have occurred in the first
instance … see, ie., http://albertpeia.com , historical
documentation, from website: http://www.ameu.org ‘Lest We Forget The Israeli lobby in
Washington has successfully influenced the U.S. Congress to give billions of
non-repayable dollars each year to Israel on the premise that Israel's loyalty
and strategic importance to the United States make it an ally worthy of such
unprecedented consideration. Is it ? In his Farewell Address, George Washington
warned Americans to avoid a passionate attachment to any one nation because it
promotes "the illusion of an imaginary common interest in cases where no
real common interest exists." In 1948, U.S. Secretary of Defense James
Forrestal, an opponent of the creation of a Jewish state in Palestine, warned
that, even though failure to go along with the Zionists might cost President
Truman the states of New York, Pennsylvania, and California, it was about time
that somebody should pay some consideration to whether we might not lose the
United States. Israeli actions over the past 53 years involving U.S. interests
in the Middle East seriously challenge the "strategic asset" premise
of the Israeli lobby. Some of these actions are compiled in the list that
follows: …’ ] Netanyahu
lays out vision for Mideast peace (Washington Post) [
Vision? Don’t make me laugh! The guy’s blind; and a ward and provocateur at
america’s substantial cost and detriment. ]
Poll:
More fear U.S. debt than default
Whether or not Congress raises the debt limit, majority of Americans are
worried about the consequences. (Washington Post) [ How ‘bout all of the above! “Both
Parties And The White House Are Advocating A US Default” Zero Hedge | David
Stockman, one of the few voices of fiscal prudence, debated US insolvency.
David
Stockman: “Both Parties And The White House Are Advocating A US Default” Last week David
Stockman was on Tom Keene, making the usual media rounds (sometimes we marvel
at his patience and endurance), as one of the few voices of fiscal prudence
available to TV producers who seek to hold a balanced debate on the topic of US
insolvency.
Stop Raising the Debt
Ceiling Ron Paul | When our creditors finally wise up
and cut us off, we will be forced to face economic realities whether we want to
or not. Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out Market Downturn Approaching; Go Long the Ultra Shorts? White ‘.. consistently bad economic ..
Following is a brief list (mostly from Yahoo Finance‘s Economic Calendar) of
troubling news: …1-20…’ This is an especially
great opportunity to sell / take profits while you still can since there's much
worse to come! Remember: ‘Sell in May and go away! …
America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s
Blog | It’s now mainstream news that none of the big
financial criminals have been prosecuted.
This is the grim economic
reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year
Harding Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic
performance of the past ten years, equity valuations are the 2nd largest bubble
in U.S. history... According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
according to this valuation metric. The only time the markets have been more
overvalued was a few brief months in 1929 and the tech bubble
... growth in earnings have been
artificially manufactured...
·
The change in accounting rules for the financial sector
by FASB has generated massive “false” account profits beginning in 2009…’
Market Downturn Approaching; Go Long the Ultra Shorts? White ‘It is time to worry about a market
downturn. There has been almost consistently bad economic news reported in the
U.S. in the last week. Following is a brief list (mostly from Yahoo Finance‘s
Economic Calendar) of troubling news:
The Trade
Balance for March was worse than expected at -$48.20B vs. an expected
-$47.00B (the previous month’s was -$45.40B). Pundits are speculating that
this will result in a lowering of the Q1 GDP estimate, which is due out
May 26. The
Mississippi Flood is the worst in a century-- this alone will depress the
Q2 GDP. Shipping down the Mississippi has slowed (or sometimes stopped).
Huge numbers of casinos have closed. Farms and towns have been flooded. The PPI
missed at 0.80% vs. an expected 0.60%. The Core PPI missed at 0.30% vs. an
expected 0.20%. Also, the continued large spread between the CPI and PPI
numbers means that many companies are eating a good part of the quickly
increasing input costs. This should hurt margins going forward. Retail
Sales (MoM) missed at +0.50% vs. an expected +0.60%. Some good
news Friday had the Michigan Consumer Sentiment Index beat at 72.40 vs. an
expected 70.00. The NY
Empire State Manufacturing Index missed at 11.90 vs. an expected 19.60. The TIC
Net Long-Term Transactions missed at $24.00B vs. an expected $57.70B. The NAHB
Housing Market Index missed at 16 vs. an expected 17. Housing
Starts missed at 0.52M vs. an expected 0.57M. Building
Permits missed at 0.55M vs. an expected 0.59M. The
Capacity Utilization Rate missed at 76.90% vs. an expected 77.70%. Industrial
Production (MoM) missed at 0.00% vs. an expected +0.50%. Several
blue chip companies such as Cisco ( CSCO ) and
Hewlett Packard ( HPQ ) gave very weak guidance going
forward, as though they are expecting a soft spot in the economy. The Fed
Minutes indicated that they had considered ending QE2 before its stated
end, but decided to proceed since it was so close to the end. The Fed also
talked about how to withdraw stimulus. There seemed to be no serious
consideration of a QE3. There are only a few crumbs left of the manna of
the market hypers (QE2). Congress
has allowed the debt ceiling to be exceeded. Geithner is now borrowing
from Peter to pay Paul, and August 2nd is the day that he says this must
stop. The Republicans are using the threat of a default as leverage to get
concessions on many of the spending cuts they want. They will get spending
cuts, which means tightening! Tightening tends to push the equities
markets down. Hopefully the U.S. will not default. The USD
has been rallying. The above mentioned tightening should help the USD
rally. If the USD continues to strengthen, that could cause an unwind of
the USD carry trade. This would translate into selling of equities and
commodities. A stronger USD would mean commodity prices would likely fall. The
Initial Jobless Claims were 409K vs. an expected 420K, but the previous
week‘s number was revised upward to 438K. While it was pleasant to see a
beat for a change, the overall trend is still bad. The 409K means the
total increase in Initial Jobless Claims in the four weeks since the end
of the last Nonfarm Payrolls surveys’ data period has been 159K.
Additionally, the 68K jobs from the one-time McDonald’s ( MCD ) hiring
spree that padded the last Nonfarm Payrolls report will not be there to
prop up the next report on the first Friday of June. This means that the
next report will be shy a total of 227K jobs. The Nonfarm Payrolls number
is likely to be a big disappointment. Existing
Home Sales dipped in April to 5.05M vs. an expected 5.22M and a previous
5.10M. The
Philadelphia Fed Manufacturing Index missed terribly at 3.90 vs. an
expected 20.00 and a previous 18.50. This is truly ominous when combined
with the terrible NY Empire State Manufacturing Index miss (see above). The
Leading Indicators for April missed at -0.3% vs. an expected 0.0%…’
In
Libya, robbery funds the revolution Cash-strapped rebels resort to an
unorthodox tactic — a bank robbery — to help fund fight against Gaddafi (Washington Post) [ Ah! Right! The americanization of the revolution … robbery in
any form is something that america knows a lot about … Some have already talked
about this theft as being a prime reason for this conflict: NATO
in Libya: Besides the Oil, Is It Also a Gold Robbery? The IMF data show Libya’s reserves to be 4.6 million
ounces, a figure of nearly 144 tons. At current market prices the value is over
$6bn. Financial
Heist of the Century: Confiscating Libya’s Sovereign Wealth Funds (SWF) The objective of the war against Libya is not just its
oil reserves (now estimated at 60 billion barrels), which are the greatest in
Africa and whose extraction costs are among the lowest in the world, nor the
natural gas reserves of which are estimated at about 1,500 billion cubic
meters. Libya:
All About Oil, or All About Banking? I have never before heard of a central bank being created in just a matter
of weeks out of a popular uprising. This suggests we have a bit more than a rag
tag bunch of rebels running around and that there are some pretty sophisticated
influences. Libyan
War Gets Weird: Defending the Indefensible Even those who have studied for years the criminal consolidation of this
planet under the global corporate-financier oligarchy may be noticing that the
war in Libya is turning into something new and unprecedented. French,
British leaders meet about Libya (Washington Post) [ Wow! Talk about sounding like a plan ... and all this time
we thought they already had done that. After all, they must conserve their
resources; you know, that war-prone nato alliance comprised of members almost
to a nation defacto bankrupt, striving to emulate 'lead war nation' america's
defacto bankrupt status. ] The countries struggled Wednesday to come up with new
tactics to topple Moammar Gaddafi without resorting to further Western military
intervention. Libya:
Increased Airstrikes, Ground Troops, Contractors, Civilians Killed, Deadly DU
Munitions – Can We Call This A War Yet? The globalist coalition refers to it as ‘kinetic military
action’, yet as more civilians are killed in NATO bombings, and with experts
adamant that deadly Depleted Uranium weapons are being used by Western forces,
the conflict in Libya looks a hell of a lot like the occupations of Afghanistan
and Iraq all over again.
‘Depleted uranium’s
toxic legacy to poison Libya for 40 years’ Military experts are accusing coalition forces in Libya of
using depleted uranium in their air strikes. The deadly substance can cause
cancer and physical mutations in those who come into close contact with it. 63
percent of people killed in Iraq war were civilians: report Xinhua | U.S.-led wars in Iraq
and Afghanistan have been causing huge civilian casualties . ]
GOP
rejecting ‘root-canal economics’ The debate about the impact of
immediate budget cuts on a fragile economy is at the core of a showdown over
how and when to trim the deficit. While Republicans say a swift spending cut
doesn’t have to be painful, many economists warn it comes at a cost.
(Washington Post) [ Economists? You
mean the ones who helped get us here in the first place, including
‘no-recession-helicopter-ben-b.s.-bernanke’? Root canals? So what! That’s what
novacaine’s for … This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … El-Erian:
“Financial Repression” In the Form of a Negative Real Rate of Return for Savers
Is Coming to America Pimco co-chair El-Erian is saying that the major flaws in the financial
system will not be addressed, the government will keep on printing money, and
that the inflation-adjusted return on investments for most Americans will be
negative. Stock
Market: 4 Current Warning Signs Navin ‘…1) The
5-year high in the level of insider corporate stock sales is telling. At 565
sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some
of their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. 2) Professor Shiller at Yale figures that the present price-to-earnings ratio for the Standard & Poor’s 500 is
in the area of 26.
The historical average is about 16 . 3) The failure of the financial sector to keep up is a significant negative
divergence for the entire market.
4) Key market leaders are rolling over in price... ‘
Market's
Risk/Reward Ratio Remains Poor McCurdy ‘The S&P 500 index has been
in a secular bear market since 2000 and our Secular
Trend Score (STS) indicates that we remain in the middle stage of
its development (click to enlarge images):
http://static.seekingalpha.com/uploads/2011/5/14/668911-130540693393499-Erik-McCurdy_origin.png
This is an especially great opportunity
to sell / take profits while you still can since there's much worse to come! Remember:
‘Sell in May and go away! …
America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s
Blog | It’s now mainstream news that none of the big
financial criminals have been prosecuted.
This is the grim economic
reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year
Harding / April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png
1Q
bank profits up, revenue down
Profits in the first quarter were the best in four years, but the
industry isn’t back on its feet yet. (Washington Post) [ ‘Simple trick’ that you’re paying for
whether you like it or not … ie., Dave's
Daily 'If you can keep interest rates this
low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares
and pay dividends with what essentially is taxpayer money—‘ … America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s
Blog | It’s now mainstream news that none of the big
financial criminals have been prosecuted.
This is the grim economic
reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year
Harding / April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic
performance of the past ten years, equity valuations are the 2nd largest bubble
in U.S. history... According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
according to this valuation metric. The only time the markets have been more
overvalued was a few brief months in 1929 and the tech bubble
... growth in earnings have been
artificially manufactured...
·
The change in accounting rules for the financial sector
by FASB has generated massive “false” account profits beginning in 2009…’
Focus
Is on Obama as Tensions Soar Across Mideast (New York Times) [ Adapt? I don’t
think so! I do believe that both nations are regressively but nostalgically
trying bring the world back to failed geopolitical paradigms that made the 20th
century the bloodiest century, not coincidentally the american century
(obviously for israel the latter half century). Yet, such a conditioned
psychopathic approach to global matters has led them self-destructively,
self-defeatingly, and ineluctably to decline, fall, and as with dinosaurs,
extinction, at least in a manner of speaking. Global information exchange at
lightning speed has made such throwbacks to a lost era, propaganda, and
maladaptive traits foolish at best, deadly at worst. Intelligent people
worldwide aren’t buying the obsolete, Orwellian approach fostered by the
purveyors of global unrest; viz., israel, america, Orwellian england, etc..;
more specifically, diversion of the masses from the glaring failures of
leadership, economic and otherwise. UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... ‘ In emotional and
personal testimony, an ex-Justice official who quit over the handling of a
voter intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims ' Cases
against Wall Street lag despite Holder’s vows to target financial fraud WP | Obama has promised to hold Wall
Street accountable for the meltdown. THE
OBAMA DECEPTION’ http://albertpeia.com/obamadeceptionhighqualityversion.flv ]
Agents
irked by plan to keep Mueller
(Washington Post) [ ‘abide by ..
tenure limits’ ? I’m more concerned with, and it’s fundamentally more important
from the perspective of the FBI’s ‘mission and purpose’, that meaningful law be
abided by regarding the following:
Steven M. Martinez, Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3 copies of the within DVD rom autorun disk (which will
open in your computer’s browser) as per your office’s request as made this day
(the disk and contents have been scanned by Avast, McAfee, and Norton which
I’ve installed on my computer to prevent viral attacks / infection and are
without threat). I also include 1 copy of the DVD as filed with the subject
court as referenced therein (which files are also included on the aforesaid 3
disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as
you’re aware, the RICO Act is a criminal statute which provides a civil remedy,
including treble damages and attorney fees, as an incentive for private
prosecution of said claims probably owing to the fact that the USDOJ seems
somewhat overwhelmed and in need of such assistance given the seriousness and
prevalence of said violations of law which have a corrupting influence on the
process, and which corruption is pervasive). A grievance complaint against Coan
was also filed concurrently with the subject action and held in abeyance
pending resolution of the action which was illegally dismissed without any
supporting law and in contravention of the Order of The Honorable Robert N.
Chatigny, Chief Judge, USDC, District Connecticut. The files below the
horizontal rule are the referenced documents as filed. (Owing to the damage to
the financial interests of both the U.S. and the District of Congresswoman
Roybal-Allard, viz., Los Angeles, the Qui Tam provisions
of the Federal False Claims Act probably would
apply and I would absent resolution seek to refer the within to a firm with
expertise in that area of the law with which I am not familiar) .
The document in 5 pages under penalty of
perjury I was asked to forward to the FBI office in New Haven is probably the
best and most concise summary of the case
RICO Summary to FBI Under Penalty
of Perjury at Their Request (5 pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I received from the Congresswoman by way of email
attachment (apparent but typical problem with my mail) along with my response
thereto is included on the 3 disks as
fbicorrespondencereyes.htm .
With regard to the calls to the FBI’s LA and New Haven, CT offices:
There was one call to the LA office and I was referred to the Long Beach, CA
office where I personally met with FBI Agent Jeff Hayes to whom I gave
probative evidentiary documents of the money laundering which he confirmed as
indicative of same (he was transferred from said office within approximately a
month of said meeting and his location was not disclosed to me upon inquiry).
The matter was assigned to FBI Agent Ron Barndollar and we remained in touch
for in excess of a decade until he abruptly retired (our last conversation
prior to his retirement related to the case and parenthetically, Rudy Giuliani
whose father I stated had been an enforcer for the mob to which he registered
disbelief and requested I prove it, which I did – he served 12 years in prison,
aggravated assault/manslaughter? – and no, there is no Chinese wall of
separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction to the statement in said correspondence, there is a
plethora of information including evidence supporting the claims set forth in
the RICO
VERIFIED COMPLAINT (see infra).
Such includes and as set forth in the case, inter alia,
·
A judgment had been entered in my favor in the case,
United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson),
worth approximately now in excess of $300,000 remains unaccounted for and which
could be used for payment to creditors, Los Angeles, etc..
·
Counsel Robert Sullivan on my behalf documented by way of
certification upon investigation that Alan Shiff, USBCJ, had falsely stated a
dismissal upon which false statement he predicated a retaliatory and spurious
contempt proceeding against me causing substantial damage, and for which he
sought Judicial Notice of those and related proceedings as did I in some of my
filings.
·
The Order of Dismissal With Prejudice by Alan Shiff,
USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the
court’s deadline causing creditors and me substantial damages: [
Shiff Order of Dismissal With Prejudice on Coan’s Failure to File Page 1 Page 2 ]
·
Defendant Coan had filed an action against me to prevent
me from suing him which necessitated me to fly to Connecticut for a hearing
before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of
Connecticut, who denied Coan’s requested relief as to Coan but precluded my
action against Shiff (although there is no immunity, judicial or otherwise, for
criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) . [ http://albertpeia.com/crossexamofcoanbypeia.pdf ]
·
Newly appointed judge, Maryanne Trump Barry, Donald
Trump’s sister, was assigned the RICO case despite the conflict of interest in
light of hundreds of thousands of dollars of illegal (drug) money being
laundered through the Trump casinos by the RICO defendants, and despite my
motion to recuse her which motion she heard herself and denied, and U.S.
Trustee Hugh Leonard with whom I met personally refused to join or file a
separate motion to recuse and not long thereafter left said office for private
practice at Cole, Shotz, et als on retainer with the RICO defendants as his
primary client.
·
Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach,
CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met
personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel
Alito was U.S. Attorney, and went over said documents and their probative value
with him. Within approximately a month thereafter upon inquiry I was told that
Jonathon Lacey was no longer with the office, that the file/documents could not
be located, and that there was no further information available concerning
contacting him or his location. I thereupon delivered by hand, copies of said
documents to the office of then U.S. Attorney Alito, addressed to him, with
assurance they would go directly to him. In addition to
being inept [ I looked in on the one mob case he had brought, bungled, lost
(accidently on purpose?) since I was suing some mob-connected under RICO and
the court (I had known / previously met outside of court the judge Ackerman
through a client) was absolute bedlam and a total joke since incompetent
corrupt Alito brought in all 20 mob defendants (rather than prosecute one or a
few to flip them first) who feigning illness had beds/cots in the courtroom
along with their moans during testimony and had the jury in stitches. As much
as I hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe corrupt
because he is inept). After a reasonable (but still rather short) time I called
to determine the status and was told that Alito was no longer with the Office
of the U.S. Attorney, that he was (appointed) a federal judge, and that neither
the documents nor any file or record of same could be located. Alito did parley
the same / cover-up into quid pro quo direct lifetime appointment to the Court
of Appeals, 3rd circuit, despite the absence of judicial experience or
successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is the
same Sam Alito that now sits on the purported highest court in the land. The
real application of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety
coverage and neither LA, nor creditors, nor I should continue to have been
damaged by this brazened corrupt and illegal scenario, which should be resolved
in accordance with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5 th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but
there are unresolved problems with the line, computer connection may be the
reason but I hesitate to chance greater non-performance / worsening by their
‘fix’ so cell phone best for contact).
Fight
over feral alley cats divides feline lovers (Washington Post) [ My love of cats, big and small, is no
mystery; but indeed is beyond the scope of this comment. I’ve had and loved
neutered (not by my decision / action) as well as my most recent ‘macho’ (non-neutered)
cat ( I just couldn’t bring myself to ‘cutting his b***s off’ as advised by a
girl I was seeing at the time … kind of a ‘golden rule’ thing … and knowing
‘he’d never forgive me’ … his loss to me, part of the RICO scenario, though not
part of my damages, is among the forever unforgivable parts of what occurred
therein). As for ‘taking a position’, as a noumenon, I question the premise of
any life at all in a meaningful sense in Washington d.c.; and hence, not the
best comparison for setting policy. Unlike dogs, you will not see cats
attacking and killing babies, etc.. So, I conclude that in such dire
circumstances (d.c.) where a trade-up is beneficial, such seems, though
rightfully exceptional, a sometimes favorable course, if the only choice; which
assumes procreation and continued growth of the species is not impinged upon.
Therefore, this argues for un-neutered moves to better environs. ]
This is an especially
great opportunity to sell / take profits while you still can since there's much
worse to come! Remember: ‘Sell in May and go away! ‘ … El-Erian:
“Financial Repression” In the Form of a Negative Real Rate of Return for Savers
Is Coming to America Pimco co-chair El-Erian is saying that the major flaws in the financial
system will not be addressed, the government will keep on printing money, and
that the inflation-adjusted return on investments for most Americans will be
negative. Stock
Market: 4 Current Warning Signs Navin ‘…1) The
5-year high in the level of insider corporate stock sales is telling. At 565
sells for every 1 buy, it’s never been higher. Yes, it’s normal for insiders to be selling some
of their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.
2) Professor Shiller at Yale figures
that the present price-to-earnings ratio for the Standard & Poor’s 500 is
in the area of 26.
The historical average is about 16 . 3) The failure of
the financial sector to keep up is a significant negative divergence for the entire market.
4) Key market
leaders are rolling over in price... ‘ Market's
Risk/Reward Ratio Remains Poor McCurdy ‘The S&P 500 index has been
in a secular bear market since 2000 and our Secular
Trend Score (STS) indicates that we remain in the middle stage of
its development (click to enlarge images):
http://static.seekingalpha.com/uploads/2011/5/14/668911-130540693393499-Erik-McCurdy_origin.png
This is an especially great opportunity
to sell / take profits while you still can since there's much worse to come! Remember:
‘Sell in May and go away! …
America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s
Blog | It’s now mainstream news that none of the big
financial criminals have been prosecuted.
This is the grim economic
reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year
Harding / April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ... According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar 'Despite the terrible economic
performance of the past ten years, equity valuations are the 2nd largest bubble
in U.S. history... According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
according to this valuation metric. The only time the markets have been more
overvalued was a few brief months in 1929 and the tech bubble
... growth in earnings have been
artificially manufactured...
·
The change in accounting rules for the financial sector
by FASB has generated massive “false” account profits beginning in 2009…’
Treasury
to tap pensions to fund government (WP) 24 Signs Of
Economic Decline In America ‘The US is in the middle of a
devastating long-term economic decline’ ]
States
face shortfall for retirees (WP)
( The frauds on wall street et als should be criminally prosecuted, jailed,
fined, and disgorgement imposed. Dave's
Daily 'If you can keep interest rates this
low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary Dealers can buy back their shares
and pay dividends with what essentially is taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come!
This manipulated bubble rally in this
secular bear market based on b*** s*** alone is an especially great opportunity
to sell / take profits while you can since there's much worse to come! Looking Like A Good Time To Sell Into Strength - Harding ‘Many
important global stock markets, including China, Brazil, India and Hong Kong,
have been in fairly significant corrections since November, down between 12%
and 17%. Their major concerns have been rising inflation and the resulting
monetary tightening by their central banks to combat the inflationary
pressures...So was this week’s stumble the beginning of a more serious
correction? The events and reports this week did provide more evidence that the
stock market may be ahead of reality regarding prospects for the economy, and
therefore corporate earnings, going forward, which should at least limit the
market’s upside potential. Limited upside potential equals more downside risk?
It might be wise to lighten up some into strength that may develop over the
next few days during the ‘monthly strength period.’ ] Wall
Street rejoices in an unexpected drop in jobless claims. Violent
spring looming in Afghanistan (Washington Post) [ See … something to
look forward to … must be that good news that keeps getting pushed back … and
spring no less … everything blooming, or in war criminal american-speak …
‘booming’ … but not the defacto bankrupt american economy for which a crash is
‘looming’. Could somebody help me out with a translation of gates’ speech a
west point … I must be missing something … Lt. Gen. John Kelly, who lost son to war,
says U.S. largely unaware of sacrifice (Washington Post) [ I disagree!
They are very much aware; as they stand in unemployment lines, use food stamps
to get by, etc.. I hate to sound cavalier and I’m sorry that Kelly lost a son
to war, but along with the multitude of civilians in the nations unlucky enough
to provide a source of corporate welfare to the military industrial complex and
war profiteering for the few (as warned against by President General
Eisenhower), they died for nothing, for no good reason beyond the false
propaganda. Six NATO troops killed in Afghanistan (Washington
Post) [ Is there something wrong with the following picture? … am I missing
something? … Gates's warning: Avoid land war in Asia, Middle East, and
Africa Christian
Science Monitor - In a speech to cadets at the United States
Military Academy at West Point, Gates's message was clear: The US military
services, as well as the elected and appointed civilians who send them to war,
need better ways of foreseeing and preparing for ... Gates Tells US Army to Take New Approach Voice of America Warning
Against Wars Like Iraq and Afghanistan New York
Times [ Better said, than unsaid; but,
methinks a bit late for that in light of pervasively corrupt, defacto bankrupt
america’s consummate decline and fall! If only they had listened and not shot
at the messenger … things could have been different! ]
] American military officials
expect that the Taliban will mount a campaign to regain ground lost to U.S.
troops last year and use suicide bombing teams to strike at those associated
with the Afghan government or coalition forces.
Public
pension shortfalls could reach $1.5T (Washington Post) [ First, I think this is a low-ball estimate since it
may assume some of the wildeyed assumptions beyond those being discounted in
this figure. Then there’s social (in)security. Next, there’s the private
pension shortfalls, particularly in the defined benefit plans. Most importantly
is the defacto bankruptcy of the nation and the insurmountable debt / debt
service attendant thereto. In sum, without exaggeration it really is quite a
bad picture here beyond the paper fraud / froth frenzy on fraudulent wall
street which of course has and still
remains a significant part of the problem. Prosecution, fines, disgorgement,
well deserved of the frauds on wall street could significantly help lessen the
shortfalls. ] The pension funds for state and local workers are understating
the amount they will owe workers by $1.5T or more, according to some economists
who have studied the issue, meaning that the benefits are much costlier than
many governments thought. Krauthammer: Converts
to the Bush Doctrine (Washington
Post) [ ‘bush doctrine’? What’s that? Moronics( http://albertpeia.com/bushisms.htm ) , imbecility, war crimes ( http://albertpeia.com/evilonthetarmac.htm ), etc.? Dumbya bush has been nothing less than a
one-man wrecking crew, domestically and internationally and ‘wobama the b’(for
b*** s***) has followed suit. Where do they get the likes of krauthammer on the
right, Milbank on the left, etc.. Wake up! ] U.S. prepares for possible rise of new
Islamist regimes Revolutions
may bring a more religious cast to Mideast politics (Washington
Post) [ Oh riiiiight! Pervasively corrupt, defacto bankrupt america, the
‘johnny on the spot’ when it comes to being ahead of the events / curve … and
they’re so interested in democratization … as in Saudi Arabia, etc… Egypt,
Serbia, Georgia… The History of US Sponsored “Democratization” There is a
Russian proverb: only a fool learns from his own mistakes. As Georgia’s foreign
minister visits his Egyptian counterpart, there are lessons for Egypt in
similar revolutions in eastern Europe and the ex-Soviet Union. ] Recent
developments have alarmed some who fear that the governments taking shape will
inevitably undercut democratic reforms.
This manipulated bubble rally in this
secular bear market based on b*** s*** alone is an especially great opportunity
to sell / take profits while you can since there's much worse to come!
Looking Like A Good Time To Sell Into Strength - Harding ‘Many
important global stock markets, including China, Brazil, India and Hong Kong,
have been in fairly significant corrections since November, down between 12%
and 17%. Their major concerns have been rising inflation and the resulting
monetary tightening by their central banks to combat the inflationary
pressures...So was this week’s stumble the beginning of a more serious
correction? The events and reports this week did provide more evidence that the
stock market may be ahead of reality regarding prospects for the economy, and
therefore corporate earnings, going forward, which should at least limit the
market’s upside potential. Limited upside potential equals more downside risk?
It might be wise to lighten up some into strength that may develop over the
next few days during the ‘monthly strength period.’
Commerce Data Shows Personal Incomes Rising but Few Americans
Believe It [ Yeah, they don’t
believe it because it’s not true. Scandal scarred commerce department of
pervasively corrupt, defacto bankrupt, and very desperate america? Come on,
give us all a break. ] Zielinski Egypt,
Serbia, Georgia… The History of US Sponsored “Democratization” There is a Russian proverb: only a fool learns from his
own mistakes. As Georgia’s foreign minister visits his Egyptian counterpart,
there are lessons for Egypt in similar revolutions in eastern Europe and the
ex-Soviet Union. The
TV Column: Charlie Sheen keeps talking; CBS gets in on the conversation (Washington
Post) [ Wobama says daffy gaddafi’s time is up, got to go. The same can be said of
wobama et als and his fraudulently failed presidency. Sheen On Obama:
“A Coward In a Cheap Suit” [ I think Sheen to be too gentle in his criticism of wobama (Some
might reflexively, defensively allege drugs (prescription or otherwise) or any
number of the varied personality disorders so prevalent in america … ‘fuzzy,
California laid back thinking’, ‘whatever’… Who knows? ) But, that said,
wobama’s far worse than just a ‘coward in a cheap suit’. Indeed, Wobama’s a
total fraud having been elected under false pretenses; viz., his total,
unequivocal, and unfulfilled b*** s*** (those campaign promises) ! Moreover,
there has been some persuasive documentation questioning wobama’s citizenship /
birthplace placing his eligibility to even hold the office of president in
question. Drudgereport: UPDATE:
Huckabee claims Obama grew up in Kenya... The Obama Corsi Rezko was corrupt, and supported Obama in many campaigns as well
as in Obama buying his home -- and therefore, according to Corsi , Obama is corrupt by
... www.ontheissues.org/Obama_Nation.htm ] Amidst the controversy of his wild
interview on the Alex Jones Show yesterday, actor Charlie Sheen wasted little
time in confronting President Barack Obama on his failure to answer Sheen’s
twenty questions concerning 9/11, calling Obama, “a coward in a cheap
suit.” A Government Shut-down Imperils the Power of Congress Paul Craig Roberts | Congress
could try to protect its loss of the power of the purse by impeaching
Obama. Drudgereport: WOBAMA
'IMPEACHMENT' WARNING... ...to
announce exploratory committee 'in 10 days' Globalist Shill
Barack Obama Asks Business Leaders For Job Creation Ideas Even As He Ships More
Of Our Jobs Overseas As Part Of The New One World Economy The other day,
Barack Obama summoned a group of business and labor leaders to the White House
and “challenged” them to come up with some great ideas for creating more jobs
inside the United States. Public
confidence in Obama reaches new low
(Washington Post). Six in 10 Americans lack faith in Obama and hold
lower esteem for members of Congress, according to the latest Washington
Post-ABC News poll. Such stats as this tend to typify scenarios as this where
you break every significant campaign
promise that got you elected, from endless war (ie., Afghanistan, etc.) to not
prosecuting the frauds on wall street, and the growing realization of
‘typical’: Public
confidence in Obama reaches new low
(Washington Post) Six in 10 Americans lack faith in Obama and hold lower
esteem for members of Congress, according to the latest Washington Post-ABC
News poll. Such stats as this tend to typify scenarios as this where you break
every significant campaign promise that
got you elected, from endless war (ie., Afghanistan, etc.) to not prosecuting
the frauds on wall street, and the growing realization of ‘typical’: But still it’s ‘hands off fraudulent
wall street’ to theirs, the nation’s, and the world’s detriment. Firms
subpoenaed in attempt to regain Fannie, Freddie losses (Washington Post). But there’s a reason: The following youtube video is well worth
the look and explains how and why the frauds on wall street have gotten away
with their devastating fraud thus far. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE
FED PROBE IN BLACK PANTHER CASE... In emotional and personal testimony, an ex-Justice
official who quit over the handling of a voter intimidation case against the
New Black Panther Party accused his former employer of instructing attorneys in
the civil rights division to ignore cases that involve black defendants and
white victims ...’ US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has promised to hold Wall Street accountable for the meltdown. ) : While boner and barton are indeed jokes /
vegetables that bespeak the single-digit approval rate for congress, obama’s
failure to deliver on promises with as well, endless war spending despite
defacto bankruptcy of the nation and a watered down nothing financial
regulation bill for talking points but little substance, make him as big a
joker, along with the dems. This well researched / produced video tells the
real story : http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1 ‘THE OBAMA
DECEPTION’ – well worth the view. [ The
Obama Deception Number 1 on U.S. Google Trends ] ‘The Obama Deception’
Censored A viral You Tube upload of one of
Alex Jones’ most popular feature films ‘The Obama Deception’ has been censored
following a spur of the moment campaign to elevate the movie’s title to the top
of the major internet search engines.
In
light of this development, I provide an archived site version which appears to
be complete (but will be compared with earlier version and replaced with same
if incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv
Cohen: Time
for Arabs to reject anti-semitism (Washington Post) [ Reality check … time for israelis / jews to reject
zionism and all that is entailed therein, including an alternate reality that
defies credulity, rationality, and facts; such as, a self-rationalizing greed,
anti-arab / anti-Christian predisposition and the ‘Oedipal Effect’ (blowback)
engendered thereby. No, Johnny Carson was not anti-semitic (Fred Silverman),
same for Charlie Sheen (Chuck Lorre), etc. (the list is endless inasmuch as
when facts are not on their side, such specious inflammatory arguments as
‘anti-semitism’, prejudice, are a convenient subterfuge distracting from their
weak position; ie., illegal nukes, war crimes, ignoring u.n. resolutions, ie.,
242, 338, etc., ignoring international law. At best, no … God did not give them
this land … at worst, God took the land back when they with roman muscle
crucified Christ. Balfour was an arbitrary, incompetent, british joke.). ] ] Article | Tuesday will be known as the day we heard from The Receiving End of
Charlie Sheen's Scorched Earth Media Tour. Lt. Gen. John Kelly, who lost son to war,
says U.S. largely unaware of sacrifice (Washington Post) [ I disagree!
They are very much aware; as they stand in unemployment lines, use food stamps
to get by, etc.. I hate to sound cavalier and I’m sorry that Kelly lost a son
to war, but along with the multitude of civilians in the nations unlucky enough
to provide a source of corporate welfare to the military industrial complex and
war profiteering for the few (as warned against by President General
Eisenhower), they died for nothing, for no good reason beyond the false
propaganda. Six NATO troops killed in Afghanistan (Washington
Post) [ Is there something wrong with the following picture? … am I missing
something? … Gates's warning: Avoid land war in Asia, Middle East, and
Africa Christian
Science Monitor - In a speech to cadets at the United States
Military Academy at West Point, Gates's message was clear: The US military
services, as well as the elected and appointed civilians who send them to war,
need better ways of foreseeing and preparing for ... Gates Tells US Army to Take New Approach Voice of America Warning
Against Wars Like Iraq and Afghanistan New York
Times [ Better said, than unsaid; but,
methinks a bit late for that in light of pervasively corrupt, defacto bankrupt
america’s consummate decline and fall! If only they had listened and not shot
at the messenger … things could have been different! ]
Bernanke:
Fed will respond if oil prices trigger inflation (Washington
Post) [ If? Come on … don’t make me laugh!
… Inflation
Is Here – Just Open Up Your Eyes And Look At These 5 Financial Charts! (see infra) Despite what Federal Reserve
Chairman Ben Bernanke says, rampant inflation is officially here. The federal
government is constantly monkeying with the numbers to keep the “official” rate
of inflation below 2 percent, but it is becoming very difficult to deny that
the cost of almost everything is really going up these days. … Merk ‘…While we believe food inflation
will be with us for quite some time and may contribute to an unstable world
possibly for years to come, the Federal Reserve appears to be firmly in the
camp of heavily discounting food inflation. The European Central Bank (ECB), in
contrast, has historically taken commodity inflation more seriously than the
Fed – ECB President Trichet talks about his concern over "second round
effects," i.e., commodity inflation stirring inflation throughout the
value chain.
The relevance
of all this is that in the U.S. it’s business as usual as far as monetary
policy is concerned. According to Fed Chair Bernanke, the U.S. economy must
grow at a rate of at least 2.5% per annum just to keep unemployment stable,
however, he has made it clear that he will pursue policies to boost growth
above that level. With oil prices soaring, he is facing yet another headwind.
Rather than mopping up the liquidity that, in our assessment, has contributed
to global commodity inflation, he may be tempted to keep the printing press in
high gear to promote economic growth.
It doesn’t really
matter whether we think there is a crisis. What matters is that the Fed doesn’t
think its policies are contributing to global instability and continues on its
expansionary path…’
Gerald
Celente: “There is no recovery — it’s a coverup!” Sic Semper
Tyrannis | Celente argues the oil prices have been going up
before the recent chaos in the Middle East. ‘…One other point brought out by
Gerald Celente is the fact that the current puppet regime in the White House is
“cooking the books” on the unemployment numbers and current inflation rates.
They are making their own rules on how to determine inflation rates by leaving
out essential information such as food and fuel prices. The same is being done
with White House unemployment numbers by simply leaving out those who have
given up looking for jobs, as well as other deceptive “carnie” tricks (in
reference to White House spokesperson Carnie) in which he compares the
administration to a traveling carnival act.
In closing, Celente states:
“… There is no
recovery, it’s a coverup. It’s only being boosted by these low interest rates,
which again, when inflation skyrockets- they’re gonna have to raise them …‘
Jim
Rogers: “Saudi Arabia Is Lying About Being Able To Increase Its Oil Production”
Jim Rogers joins Zero Hedge in
being highly skeptical about just how credible Saudi’s call for a 1MM + boost
in its oil supply is: “Saudi Arabia has been lying about the reserves for
decades. Saudi Arabia the last two times said they are going to increase
production and they couldn’t increase production. Don’t fall for that. ]
Federal Reserve chairman says he does not expect a major impact on
consumer prices. House
Republicans press SEC on official's ties to Madoff (Washington
Post) [ The ultimate subterfuge. Mr. small potatoes madoff the focus of so much
influence … yet he’s in jail … and the only one … Boy, did mary shapiro become
total b*** s*** fast … the current shibboleth of capital hill / all 3 branches of pervasively corrupt u.s.
government … joining the others: “The
Financial Industry Has Become So Politically Powerful That It Is Able To
Inhibit the Normal Process of Justice And Law Enforcement” The economy
cannot stabilize unless fraud is prosecuted. But the folks in D.C. seem
determined to turn a blind eye to Wall Street shenanigans, and is now moving to
defund the enforcement agencies like the SEC and CFTC. Market Crash 2011: It Will Hit by Christmas Farrell ,
MarketWatch SAN LUIS OBISPO, Calif.
(MarketWatch) — ‘Politicians lie. Bankers lie. Yes, they’re liars. But they’re
not bad, it’s in their genes, inherited. Their brains are wired that way, warn
scientists. Like addicts, they can’t help themselves. They want to sell stuff,
get rich…’
‘INSIDE JOB’ Ferguson wins Oscar
for Documentary on the unprosecuted massive extant fraud in the (many)
TRILLIONS by the frauds on wall street ( and declares with oscar in hand that
not one high level wall street exec has been prosecuted … despite ‘earning’
billiions from the fraud ), the commentator / experts recommend getting rid of
the corrupt eric holder ( now what do holder and wobama have in common … is it wall
street money ………… is it a proclivity for jive-talking / b*** s*** ………all of the
above, some of the above ……….. or is it something else …… here’s a hint - UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... CIVIL
RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... In emotional
and personal testimony, an ex-Justice official who quit over the handling of a
voter intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims ...’ US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has
promised to hold Wall Street accountable for the meltdown. ) (see this film, I strongly recommend the
complete documentary – the following is a preview/summary) http://www.youtube.com/watch?v=ffHFjlqIzKE&feature=related [Here’s an archived version
’Inside Job’ New Documentary
Exposes Wall Street Fraud And How Banksters Continue To Steal Our Money
http://www.albertpeia.com/insidejob.flv [45mb ]
http://www.albertpeia.com/insidejob.mp4 [ 65mb ] ]
] House Republicans ramp up
pressure on SEC Chairman Mary Schapiro.
[ (2-26-11 et seq) Let me state for the record here that my computer has
been under constant viral, hack attack, paralleling prior such foolish,
paranoid actions and let me reiterate: They will be sorry and I won’t forget
it! ]
Christian minorities minister assassinated (Washington Post)
[ Christians, Christianity lumped together with war criminals, zionists,
invaders, plunderers, murderers, etc.. No surprise here. Winning hearts and
minds? I don’t think so … Blowback? Most assuredly: 2 U.S. airmen killed, 2 hurt in
shooting near Frankfurt airport (Post, March 2,
2011); Most U.S. aid to Pakistan
hasn't gotten there yet (Post, March 2,
2011); Clinton: U.S. losing global
public-relations battle - to 'Baywatch' and wrestling (Post, March 2, 2011 Well, I don’t know about baywatch and wrestling, but
reality beyond false propaganda will do it every time) ] Shahbaz Bhatti is gunned down in the second killing this year of
a liberal, senior government official who had spoken out against the nation's
stringent blasphemy laws.Karzai
condemns deadly NATO airstrike (Washington Post) [ Well, for
pervasively corrupt, defacto bankrupt america, it’s just another of many war
crimes. They just role out the propaganda machine that no one is buying
anymore. Yet, can you believe your eyes and ears here: Six NATO troops killed in Afghanistan (Washington
Post) [ Is there something wrong with the following picture? … am I missing
something? … Gates's warning: Avoid land war in Asia, Middle East, and
Africa Christian
Science Monitor - In a speech to cadets at the United States
Military Academy at West Point, Gates's message was clear: The US military
services, as well as the elected and appointed civilians who send them to war,
need better ways of foreseeing and preparing for ... Gates Tells US Army to Take New Approach Voice of America Warning
Against Wars Like Iraq and Afghanistan New York
Times [ Better said, than unsaid; but,
methinks a bit late for that in light of pervasively corrupt, defacto bankrupt
america’s consummate decline and fall! If only they had listened and not shot
at the messenger … things could have been different! ] A NATO airstrike that Afghan officials
said killed nine children collecting firewood in eastern Afghanistan beccomes
the latest irritant in the tense relationship between President Hamid Karzai
and the international force in the country.
Government
cracks down on employment scams
(Washington Post) [ Yet leave the biggest, most deleterious scam / fraud
unprosecuted. What total b*** s***! House
Republicans press SEC on official's ties to Madoff (Washington
Post) [ The ultimate subterfuge. Mr. small potatoes madoff the focus of so much
influence … yet he’s in jail … and the only one … Boy, did mary shapiro become
total b*** s*** fast … the current shibboleth of capital hill / all 3 branches of pervasively corrupt u.s.
government … joining the others: “The
Financial Industry Has Become So Politically Powerful That It Is Able To
Inhibit the Normal Process of Justice And Law Enforcement” The economy
cannot stabilize unless fraud is prosecuted. But the folks in D.C. seem
determined to turn a blind eye to Wall Street shenanigans, and is now moving to
defund the enforcement agencies like the SEC and CFTC. Market Crash 2011: It Will Hit by Christmas Farrell ,
MarketWatch SAN LUIS OBISPO, Calif.
(MarketWatch) — ‘Politicians lie. Bankers lie. Yes, they’re liars. But they’re
not bad, it’s in their genes, inherited. Their brains are wired that way, warn
scientists. Like addicts, they can’t help themselves. They want to sell stuff,
get rich…’
‘INSIDE JOB’ Ferguson wins Oscar
for Documentary on the unprosecuted massive extant fraud in the (many)
TRILLIONS by the frauds on wall street ( and declares with oscar in hand that
not one high level wall street exec has been prosecuted … despite ‘earning’
billiions from the fraud ), the commentator / experts recommend getting rid of
the corrupt eric holder ( now what do holder and wobama have in common … is it
wall street money ………… is it a proclivity for jive-talking / b*** s*** ………all
of the above, some of the above ……….. or is it something else …… here’s a hint
- UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... CIVIL
RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... In emotional
and personal testimony, an ex-Justice official who quit over the handling of a
voter intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims ...’ US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has
promised to hold Wall Street accountable for the meltdown. )
(see this film, I strongly recommend the complete documentary – the following
is a preview/summary) http://www.youtube.com/watch?v=ffHFjlqIzKE&feature=related [Here’s an archived version
’Inside Job’ New Documentary
Exposes Wall Street Fraud And How Banksters Continue To Steal Our Money
http://www.albertpeia.com/insidejob.flv [45mb ]
http://www.albertpeia.com/insidejob.mp4 [ 65mb ] ]
] House Republicans ramp up
pressure on SEC Chairman Mary Schapiro. ] FTC
says companies promised to help people find work but instead took their money. Oil
soars to more than $100 a barrel on Libyan unrest (Washington
Post) [ When you factor in reality, the worst is yet to come … Gerald
Celente: “There is no recovery — it’s a coverup!” Sic Semper
Tyrannis | Celente argues the oil prices have been going up
before the recent chaos in the Middle East. ‘…One other point brought out by
Gerald Celente is the fact that the current puppet regime in the White House is
“cooking the books” on the unemployment numbers and current inflation rates.
They are making their own rules on how to determine inflation rates by leaving
out essential information such as food and fuel prices. The same is being done
with White House unemployment numbers by simply leaving out those who have
given up looking for jobs, as well as other deceptive “carnie” tricks (in
reference to White House spokesperson Carnie) in which he compares the administration
to a traveling carnival act.
In closing, Celente states:
“… There is no
recovery, it’s a coverup. It’s only being boosted by these low interest rates,
which again, when inflation skyrockets- they’re gonna have to raise them …‘
Jim
Rogers: “Saudi Arabia Is Lying About Being Able To Increase Its Oil Production”
Jim Rogers joins Zero Hedge in
being highly skeptical about just how credible Saudi’s call for a 1MM + boost
in its oil supply is: “Saudi Arabia has been lying about the reserves for
decades. Saudi Arabia the last two times said they are going to increase
production and they couldn’t increase production. Don’t fall for that. ]
Federal Reserve chairman says he does not expect a major impact on
consumer prices.
Inflation
Is Here – Just Open Up Your Eyes And Look At These 5 Financial Charts! ‘The
Economic Collapse March 2, 2011 Despite what Federal Reserve Chairman Ben
Bernanke says, rampant inflation is officially here. The federal
government is constantly monkeying with the numbers to keep the “official” rate
of inflation below 2 percent, but it is becoming very difficult to deny that
the cost of almost everything is really going up these days. The American
people are not stupid. They notice the difference when they go to the
grocery store or stop at the gas station. The dollar is losing value
rapidly now. The price of gold set another new all-time record today and
is currently hovering just above $1430 an ounce. The price of West Texas
crude has moved above 100 dollars several times recently and the price of Brent
crude is currently above 116 dollars. These higher oil prices are really
starting to be felt in the United States. The average price for a gallon
of gasoline in the United States has now reached $3.38 . There
are some gas stations in the U.S. where the price of a gallon of gas is already
over 4 dollars. But it is not just the American people that are feeling
the pain. The global price of food recently hit a new record high and
almost every major agricultural commodity has absolutely skyrocketed in price
over the past 12 months. Meanwhile, Ben Bernanke just told the Senate
Banking Committee that he really isn’t concerned about inflation at all.
When it comes to inflation, the key is not to look at the
official U.S. government numbers (they are highly manipulated) or how the U.S.
dollar is performing against other major currencies (because they are all being
devalued as well). Instead, you can get a truer sense of what is really
happening to inflation by looking at what the U.S. dollar is doing against
precious metals, commodities and other hard assets.
So are we experiencing rampant inflation right now?
Well, just open up your eyes and look at these 5 charts….
1 – The price of oil is racing back up
to record levels. The chart below from the Federal Reserve is a couple
weeks out of date. As noted above, the current price of West Texas crude
is about $100 a barrel….[chart]
2 – The price of a gallon of gasoline in
the United States seems destined to hit a brand new all-time record at some
point this year. Was it really just a few short years ago when the
average price of gas in this country was about a dollar a gallon?…. [chart]
3 – The value of most precious metals is
very consistent over time. So when you see precious metals go up
dramatically in price, it means that the dollar is being devalued. The
price of gold just set another new all-time high and it seems destined to keep
going even higher….[chart]
4 – The chart below from the Federal
Reserve is a measure of the price of all commodities. These price
increases are inevitably going to be passed along to consumers in the United
States….[chart]
5 – After a couple of years of stable
food price, the price of food is starting to take off yet again….[chart]
In fact, many analysts are warning that we could
experience a major food crisis over the next couple of years. The global
demand for food continues to grow at a very brisk pace, but all of the crazy
weather we have been having around the world has caused some very bad
harvests.’
Oil
surges after Libya airstrike near oil terminal Reuters | Fresh
airstrikes hit Brega, about 1.2 miles from a Libyan oil terminal.
] Fighting near oil ports
in Libya fuels market anxiety. Pump prices have reached $3.39 a gallon.Fed
report shows gains in U.S. economy, moderate growth (Washington Post) [ Come on! What do you expect them to
say … they lie about everything … and
at what cost in insurmountable debt, debt service and defacto bankruptcy of the
nation. En route to losing near 8
million jobs, before and during the melt-down, if you recall (I do, and
reported here on my site) jersey (that says it all) based adp was pulling job
numbers out of their a***s, ‘surprising’ to the upside as now, although I would
concede some contract work with money defacto bankrupt america doesn’t have may
have provided a lesser number. How can you believe anything they say?
Drudgereport: Announced Job Cuts 'Rose 20%
From Year Ago'... more of
things to come Idaho county files for
bankruptcy... ] Job market
shows progress, as do sectors such as retail and tourism. Metal News for the Day Grant ‘…With the
Fed now buying 70% of Treasury's debt issuance, one has to wonder who will step
in to fill the void when the Fed finally does implement their so-called
"exit strategy." PIMCO's Bill Gross poses the question plain and
simple in his most
recent Investment Outlook : Who will buy
Treasuries when the Fed doesn’t? Certainly nobody is going to completely fill
the massive void in the debt market left by a retreating Fed at the current
yields. Yields will have to rise once the Fed's faux demand is gone and yields
start to once again accurately reflect risk and that will threaten the recovery.
So you see the dilemma. Our own Jonathan Kosares discussed this very topic in
the lead article of our December Newsletter . People began to speculate about QE3 shortly after QE2
was announced and such market chatter is ongoing and even intensifying. In a recent
Barron's interview , MacroMavens'
Stephanie Pomboy says she doesn't believe the recovery is sustainable at all.
Her recommendation? Buy Treasuries...clearly she thinks the Fed is going to
remain a buyer and can be front-run...oh, and buy gold …’ The
TV Column: Charlie Sheen keeps talking; CBS gets in on the conversation (Washington Post) [ Wobama says daffy gaddafi’s time is up, got to go. The same can be said of
wobama et als and his fraudulently failed presidency. Sheen On
Obama: “A Coward In a Cheap Suit” [ I think Sheen to be too gentle
in his criticism of wobama (Some might reflexively, defensively allege drugs
(prescription or otherwise) or any number of the varied personality disorders
so prevalent in america … ‘fuzzy, California laid back thinking’, ‘whatever’…
Who knows? ) But, that said, wobama’s far worse than just a ‘coward in a cheap
suit’. Indeed, Wobama’s a total fraud having been elected under false
pretenses; viz., his total, unequivocal, and unfulfilled b*** s*** (those
campaign promises) ! Moreover, there has been some persuasive documentation
questioning wobama’s citizenship / birthplace placing his eligibility to even
hold the office of president in question.
Drudgereport: UPDATE: Huckabee claims
Obama grew up in Kenya... The
Obama Corsi Rezko was corrupt, and supported
Obama in many campaigns as well as in Obama buying his home -- and therefore,
according to Corsi , Obama is corrupt by ... www.ontheissues.org/Obama_Nation.htm ] Amidst the
controversy of his wild interview on the Alex Jones Show yesterday, actor
Charlie Sheen wasted little time in confronting President Barack Obama on his
failure to answer Sheen’s twenty questions concerning 9/11, calling Obama, “a
coward in a cheap suit.” A Government Shut-down Imperils the Power of Congress Paul Craig Roberts | Congress could try to protect its loss of the power of the purse by
impeaching Obama. Drudgereport: WOBAMA 'IMPEACHMENT'
WARNING... ...to announce exploratory
committee 'in 10 days' Globalist Shill
Barack Obama Asks Business Leaders For Job Creation Ideas Even As He Ships More
Of Our Jobs Overseas As Part Of The New One World Economy The other day, Barack Obama summoned a group of business
and labor leaders to the White House and “challenged” them to come up with some
great ideas for creating more jobs inside the United States. Public
confidence in Obama reaches new low (Washington Post). Six in 10
Americans lack faith in Obama and hold lower esteem for members of Congress,
according to the latest Washington Post-ABC News poll. Such stats as this tend
to typify scenarios as this where you break every significant campaign promise that got you elected, from
endless war (ie., Afghanistan, etc.) to not prosecuting the frauds on wall
street, and the growing realization of ‘typical’: Public
confidence in Obama reaches new low (Washington Post) Six in 10
Americans lack faith in Obama and hold lower esteem for members of Congress,
according to the latest Washington Post-ABC News poll. Such stats as this tend
to typify scenarios as this where you break every significant campaign promise that got you elected, from
endless war (ie., Afghanistan, etc.) to not prosecuting the frauds on wall
street, and the growing realization of ‘typical’: But still it’s ‘hands off fraudulent
wall street’ to theirs, the nation’s, and the world’s detriment. Firms
subpoenaed in attempt to regain Fannie, Freddie losses (Washington Post). But there’s a reason: The following youtube video is well worth
the look and explains how and why the frauds on wall street have gotten away
with their devastating fraud thus far. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE
FED PROBE IN BLACK PANTHER CASE... In emotional and personal testimony, an ex-Justice
official who quit over the handling of a voter intimidation case against the
New Black Panther Party accused his former employer of instructing attorneys in
the civil rights division to ignore cases that involve black defendants and
white victims ...’ US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has promised to hold Wall Street accountable for the meltdown. ) : While boner and barton are indeed jokes /
vegetables that bespeak the single-digit approval rate for congress, obama’s
failure to deliver on promises with as well, endless war spending despite
defacto bankruptcy of the nation and a watered down nothing financial
regulation bill for talking points but little substance, make him as big a
joker, along with the dems. This well researched / produced video tells the
real story : http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1 ‘THE OBAMA
DECEPTION’ – well worth the view. [ The
Obama Deception Number 1 on U.S. Google Trends ] ‘The Obama Deception’
Censored A viral You Tube upload of one of
Alex Jones’ most popular feature films ‘The Obama Deception’ has been censored
following a spur of the moment campaign to elevate the movie’s title to the top
of the major internet search engines.
In
light of this development, I provide an archived site version which appears to
be complete (but will be compared with earlier version and replaced with same
if incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv
Cohen: Time
for Arabs to reject anti-semitism (Washington Post) [ Reality check … time for israelis / jews to reject
zionism and all that is entailed therein, including an alternate reality that
defies credulity, rationality, and facts; such as, a self-rationalizing greed,
anti-arab / anti-Christian predisposition and the ‘Oedipal Effect’ (blowback)
engendered thereby. No, Johnny Carson was not anti-semitic (Fred Silverman),
same for Charlie Sheen (Chuck Lorre), etc. (the list is endless inasmuch as
when facts are not on their side, such specious inflammatory arguments as
‘anti-semitism’, prejudice, are a convenient subterfuge distracting from their
weak position; ie., illegal nukes, war crimes, ignoring u.n. resolutions, ie.,
242, 338, etc., ignoring international law. At best, no … God did not give them
this land … at worst, God took the land back when they with roman muscle
crucified Christ. Balfour was an arbitrary, incompetent, british joke.). ] ] Article | Tuesday will be known as the day we heard from The Receiving End of
Charlie Sheen's Scorched Earth Media Tour. Lt. Gen. John Kelly, who lost son to war,
says U.S. largely unaware of sacrifice (Washington Post) [ I disagree!
They are very much aware; as they stand in unemployment lines, use food stamps
to get by, etc.. I hate to sound cavalier and I’m sorry that Kelly lost a son
to war, but along with the multitude of civilians in the nations unlucky enough
to provide a source of corporate welfare to the military industrial complex and
war profiteering for the few (as warned against by President General
Eisenhower), they died for nothing, for no good reason beyond the false
propaganda. Six NATO troops killed in Afghanistan (Washington
Post) [ Is there something wrong with the following picture? … am I missing
something? … Gates's warning: Avoid land war in Asia, Middle East, and
Africa Christian
Science Monitor - In a speech to cadets at the United States
Military Academy at West Point, Gates's message was clear: The US military
services, as well as the elected and appointed civilians who send them to war,
need better ways of foreseeing and preparing for ... Gates Tells US Army to Take New Approach Voice of America Warning
Against Wars Like Iraq and Afghanistan New York
Times [ Better said, than unsaid; but,
methinks a bit late for that in light of pervasively corrupt, defacto bankrupt
america’s consummate decline and fall! If only they had listened and not shot
at the messenger … things could have been different! ]
Bernanke:
Fed will respond if oil prices trigger inflation (Washington
Post) [ If? Come on … don’t make me laugh!
… Inflation
Is Here – Just Open Up Your Eyes And Look At These 5 Financial Charts! (see infra) Despite what Federal Reserve
Chairman Ben Bernanke says, rampant inflation is officially here. The federal
government is constantly monkeying with the numbers to keep the “official” rate
of inflation below 2 percent, but it is becoming very difficult to deny that
the cost of almost everything is really going up these days. … Merk ‘…While we believe food inflation
will be with us for quite some time and may contribute to an unstable world
possibly for years to come, the Federal Reserve appears to be firmly in the
camp of heavily discounting food inflation. The European Central Bank (ECB), in
contrast, has historically taken commodity inflation more seriously than the
Fed – ECB President Trichet talks about his concern over "second round
effects," i.e., commodity inflation stirring inflation throughout the
value chain.
The relevance
of all this is that in the U.S. it’s business as usual as far as monetary
policy is concerned. According to Fed Chair Bernanke, the U.S. economy must
grow at a rate of at least 2.5% per annum just to keep unemployment stable,
however, he has made it clear that he will pursue policies to boost growth
above that level. With oil prices soaring, he is facing yet another headwind.
Rather than mopping up the liquidity that, in our assessment, has contributed
to global commodity inflation, he may be tempted to keep the printing press in
high gear to promote economic growth.
It doesn’t
really matter whether we think there is a crisis. What matters is that the Fed
doesn’t think its policies are contributing to global instability and continues
on its expansionary path. After all, the banks continue to sit on their money
and as such, the economy is certainly not in overdrive. With the exception of
social instability spreading globally, the Fed may be very much on course:
Bernanke
may want a weaker dollar. Unlike his predecessor, Bernanke embraces the
U.S. dollar as a monetary policy tool to boost economic growth. Bernanke
wants higher inflation. Having explicitly called for higher inflation
since last August, he has since praised the progress the market has made
in pricing higher than inflation expectations. The challenge with raising
inflation expectations is not only that it may be difficult to lower those
expectations later but that it is difficult to control where that
inflation appears. Bernanke, in our assessment, needs to get home price to
rise and is willing to put up with rising prices in other areas. We often
focus on housing as a reason the Fed wants to boost growth, but we can
also focus on WalMart ( WMT ): in the 13 weeks that ended
1/29/2010, WalMart’s sales declined 1.2%. Keep in mind that unlike
government statistics, WalMart’s sales are not inflation adjusted. Also
keep in mind that WalMart has been expanding its produce section in recent
years; the section very much exposed to food inflation. As a result, on a
real basis, sales have had rather substantial declines. Given that
WalMart’s sales comprise more than 10% of total U.S. retail sales, we
don’t believe there is such a thing as "company specific"
problems; WalMart’s problems are those of the U.S. economy.
In contrast,
the rest of the world is taking steps to stem inflationary pressures. Russia is
the latest country to raise interest rates, following countries ranging from
Sweden to Norway, Canada to Australia and Korea to China. In the Eurozone, the
pairing down of some emergency facilities (leading to a draining of liquidity;
a form of monetary tightening) and recent hawkish talk suggest interest rates
may be raised later this year.
This discussion
should clarify that it is perfectly possible for the world to be in turmoil
without the U.S. dollar being a beneficiary. The focus of this analysis was the
perceived status of the U.S. dollar as a safe haven, as well as implications of
food inflation; a small, but important sliver affecting the U.S. dollar.’
Locked
in standoff, Gaddafi foes debate foreign airstrikes Opposition leaders consider requesting
foreign intervention (Washington Post) [ Six NATO troops killed in Afghanistan (Washington
Post) [ Is there something wrong with the following picture? … am I missing
something? … Gates's warning: Avoid land war in Asia, Middle East, and
Africa Christian
Science Monitor - In a speech to cadets at the United States
Military Academy at West Point, Gates's message was clear: The US military
services, as well as the elected and appointed civilians who send them to war,
need better ways of foreseeing and preparing for ... Gates Tells US Army to Take New Approach Voice of America Warning
Against Wars Like Iraq and Afghanistan New York
Times ( Better said, than unsaid; but,
methinks a bit late for that in light of pervasively corrupt, defacto bankrupt
america’s consummate decline and fall! If only they had listened and not shot
at the messenger … things could have been different! )
DÉJŔ VU ALL OVER AGAIN? WHERE’S YOGI
WHEN YOU NEED HIM TO EXPLAIN THIS INSANITY: Chavez:
U.S. distorting situation in Libya ‘to justify an invasion’ CNN | Venezuelan
President Hugo Chavez claims U.S. criticism of Libyan leader Moammar Gadhafi
has a clear aim: military invasion.
US tightens
military grip on Gaddafi The Guardian | The west is
edging towards a possible military confrontation with Muammar Gaddafi’s regime.
Obama
Encircles US War Machine Around Libya Paul Joseph Watson |
Administration readies to exploit humanitarian crisis to control Africa’s
largest oil producer.
Most
Americans Strongly Oppose U.S. Military Action in Libya According to
Rasmussen, a large majority of Americans agree with the common sense of George
Washington. During his farewell address, the first president of the United
States said the nation should beware of foreign entanglements. ]
Issue takes on increasing urgency amid realization that rebels cannot
continue to match the weaponry and firepower of forces loyal to Gaddafi.
The
TV Column: Charlie Sheen keeps talking; CBS gets in on the conversation (Washington Post) [ Wobama says daffy gaddafi’s time is up, got to go. The same can be said of
wobama et als and his fraudulently failed presidency. Sheen On
Obama: “A Coward In a Cheap Suit” [ I think Sheen to be too gentle
in his criticism of wobama (Some might reflexively, defensively allege drugs
(prescription or otherwise) or any number of the varied personality disorders
so prevalent in america … ‘fuzzy, California laid back thinking’, ‘whatever’…
Who knows? ) But, that said, wobama’s far worse than just a ‘coward in a cheap
suit’. Indeed, Wobama’s a total fraud having been elected under false
pretenses; viz., his total, unequivocal, and unfulfilled b*** s*** (those
campaign promises) ! Moreover, there has been some persuasive documentation
questioning wobama’s citizenship / birthplace placing his eligibility to even
hold the office of president in question.
Drudgereport: UPDATE: Huckabee claims
Obama grew up in Kenya... The
Obama Corsi Rezko was corrupt, and supported
Obama in many campaigns as well as in Obama buying his home -- and therefore,
according to Corsi , Obama is corrupt by ... www.ontheissues.org/Obama_Nation.htm ] Amidst the
controversy of his wild interview on the Alex Jones Show yesterday, actor
Charlie Sheen wasted little time in confronting President Barack Obama on his
failure to answer Sheen’s twenty questions concerning 9/11, calling Obama, “a
coward in a cheap suit.” A Government Shut-down Imperils the Power of Congress Paul Craig Roberts | Congress could try to protect its loss of the power of the purse by
impeaching Obama. Drudgereport: WOBAMA 'IMPEACHMENT'
WARNING... ...to announce exploratory
committee 'in 10 days' Globalist Shill
Barack Obama Asks Business Leaders For Job Creation Ideas Even As He Ships More
Of Our Jobs Overseas As Part Of The New One World Economy The other day, Barack Obama summoned a group of business
and labor leaders to the White House and “challenged” them to come up with some
great ideas for creating more jobs inside the United States. Public
confidence in Obama reaches new low (Washington Post). Six in 10
Americans lack faith in Obama and hold lower esteem for members of Congress,
according to the latest Washington Post-ABC News poll. Such stats as this tend
to typify scenarios as this where you break every significant campaign promise that got you elected, from
endless war (ie., Afghanistan, etc.) to not prosecuting the frauds on wall
street, and the growing realization of ‘typical’: Public
confidence in Obama reaches new low (Washington Post) Six in 10
Americans lack faith in Obama and hold lower esteem for members of Congress,
according to the latest Washington Post-ABC News poll. Such stats as this tend
to typify scenarios as this where you break every significant campaign promise that got you elected, from
endless war (ie., Afghanistan, etc.) to not prosecuting the frauds on wall
street, and the growing realization of ‘typical’: But still it’s ‘hands off fraudulent
wall street’ to theirs, the nation’s, and the world’s detriment. Firms
subpoenaed in attempt to regain Fannie, Freddie losses (Washington Post). But there’s a reason: The following youtube video is well worth
the look and explains how and why the frauds on wall street have gotten away
with their devastating fraud thus far. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE
FED PROBE IN BLACK PANTHER CASE... In emotional and personal testimony, an ex-Justice
official who quit over the handling of a voter intimidation case against the
New Black Panther Party accused his former employer of instructing attorneys in
the civil rights division to ignore cases that involve black defendants and
white victims ...’ US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has promised to hold Wall Street accountable for the meltdown. ) : While boner and barton are indeed jokes /
vegetables that bespeak the single-digit approval rate for congress, obama’s
failure to deliver on promises with as well, endless war spending despite
defacto bankruptcy of the nation and a watered down nothing financial
regulation bill for talking points but little substance, make him as big a
joker, along with the dems. This well researched / produced video tells the
real story : http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1 ‘THE OBAMA
DECEPTION’ – well worth the view. [ The
Obama Deception Number 1 on U.S. Google Trends ] ‘The Obama Deception’
Censored A viral You Tube upload of one of
Alex Jones’ most popular feature films ‘The Obama Deception’ has been censored
following a spur of the moment campaign to elevate the movie’s title to the top
of the major internet search engines.
In
light of this development, I provide an archived site version which appears to
be complete (but will be compared with earlier version and replaced with same
if incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv
Cohen: Time
for Arabs to reject anti-semitism (Washington Post) [ Reality check … time for israelis / jews to reject
zionism and all that is entailed therein, including an alternate reality that
defies credulity, rationality, and facts; such as, a self-rationalizing greed,
anti-arab / anti-Christian predisposition and the ‘Oedipal Effect’ (blowback)
engendered thereby. No, Johnny Carson was not anti-semitic (Fred Silverman),
same for Charlie Sheen (Chuck Lorre), etc. (the list is endless inasmuch as
when facts are not on their side, such specious inflammatory arguments as
‘anti-semitism’, prejudice, are a convenient subterfuge distracting from their
weak position; ie., illegal nukes, war crimes, ignoring u.n. resolutions, ie.,
242, 338, etc., ignoring international law. At best, no … God did not give them
this land … at worst, God took the land back when they with roman muscle
crucified Christ. Balfour was an arbitrary, incompetent, british joke.). ] ] Article | Tuesday will be known as the day we heard from The Receiving End of
Charlie Sheen's Scorched Earth Media Tour. Bernanke:
Fed will respond if oil prices trigger inflation (Washington
Post) [ If? Come on … don’t make me laugh!
… Inflation
Is Here – Just Open Up Your Eyes And Look At These 5 Financial Charts! (see infra) Despite what Federal Reserve
Chairman Ben Bernanke says, rampant inflation is officially here. The federal
government is constantly monkeying with the numbers to keep the “official” rate
of inflation below 2 percent, but it is becoming very difficult to deny that
the cost of almost everything is really going up these days. … Merk ‘…While we believe food inflation
will be with us for quite some time and may contribute to an unstable world
possibly for years to come, the Federal Reserve appears to be firmly in the
camp of heavily discounting food inflation. The European Central Bank (ECB), in
contrast, has historically taken commodity inflation more seriously than the
Fed – ECB President Trichet talks about his concern over "second round
effects," i.e., commodity inflation stirring inflation throughout the
value chain.
The relevance
of all this is that in the U.S. it’s business as usual as far as monetary
policy is concerned. According to Fed Chair Bernanke, the U.S. economy must
grow at a rate of at least 2.5% per annum just to keep unemployment stable,
however, he has made it clear that he will pursue policies to boost growth
above that level. With oil prices soaring, he is facing yet another headwind.
Rather than mopping up the liquidity that, in our assessment, has contributed
to global commodity inflation, he may be tempted to keep the printing press in
high gear to promote economic growth.
It doesn’t
really matter whether we think there is a crisis. What matters is that the Fed
doesn’t think its policies are contributing to global instability and continues
on its expansionary path. After all, the banks continue to sit on their money
and as such, the economy is certainly not in overdrive. With the exception of
social instability spreading globally, the Fed may be very much on course:
Bernanke
may want a weaker dollar. Unlike his predecessor, Bernanke embraces the
U.S. dollar as a monetary policy tool to boost economic growth. Bernanke
wants higher inflation. Having explicitly called for higher inflation
since last August, he has since praised the progress the market has made
in pricing higher than inflation expectations. The challenge with raising
inflation expectations is not only that it may be difficult to lower those
expectations later but that it is difficult to control where that
inflation appears. Bernanke, in our assessment, needs to get home price to
rise and is willing to put up with rising prices in other areas. We often
focus on housing as a reason the Fed wants to boost growth, but we can
also focus on WalMart ( WMT ): in the 13 weeks that ended
1/29/2010, WalMart’s sales declined 1.2%. Keep in mind that unlike
government statistics, WalMart’s sales are not inflation adjusted. Also
keep in mind that WalMart has been expanding its produce section in recent
years; the section very much exposed to food inflation. As a result, on a
real basis, sales have had rather substantial declines. Given that
WalMart’s sales comprise more than 10% of total U.S. retail sales, we
don’t believe there is such a thing as "company specific"
problems; WalMart’s problems are those of the U.S. economy.
In contrast,
the rest of the world is taking steps to stem inflationary pressures. Russia is
the latest country to raise interest rates, following countries ranging from
Sweden to Norway, Canada to Australia and Korea to China. In the Eurozone, the
pairing down of some emergency facilities (leading to a draining of liquidity;
a form of monetary tightening) and recent hawkish talk suggest interest rates
may be raised later this year.
This discussion
should clarify that it is perfectly possible for the world to be in turmoil
without the U.S. dollar being a beneficiary. The focus of this analysis was the
perceived status of the U.S. dollar as a safe haven, as well as implications of
food inflation; a small, but important sliver affecting the U.S. dollar.’
House
Republicans press SEC on official's ties to Madoff (Washington
Post) [ The ultimate subterfuge. Mr. small potatoes madoff the focus of so much
influence … yet he’s in jail … and the only one … Boy, did mary shapiro become
total b*** s*** fast … the current shibboleth of capital hill / all 3 branches of pervasively corrupt u.s. government
… joining the others: “The
Financial Industry Has Become So Politically Powerful That It Is Able To
Inhibit the Normal Process of Justice And Law Enforcement” The economy
cannot stabilize unless fraud is prosecuted. But the folks in D.C. seem
determined to turn a blind eye to Wall Street shenanigans, and is now moving to
defund the enforcement agencies like the SEC and CFTC. Market Crash 2011: It Will Hit by Christmas Farrell ,
MarketWatch SAN LUIS OBISPO, Calif.
(MarketWatch) — ‘Politicians lie. Bankers lie. Yes, they’re liars. But they’re
not bad, it’s in their genes, inherited. Their brains are wired that way, warn
scientists. Like addicts, they can’t help themselves. They want to sell stuff,
get rich…’
‘INSIDE JOB’ Ferguson wins Oscar
for Documentary on the unprosecuted massive extant fraud in the (many)
TRILLIONS by the frauds on wall street ( and declares with oscar in hand that
not one high level wall street exec has been prosecuted … despite ‘earning’
billiions from the fraud ), the commentator / experts recommend getting rid of
the corrupt eric holder ( now what do holder and wobama have in common … is it
wall street money ………… is it a proclivity for jive-talking / b*** s*** ………all
of the above, some of the above ……….. or is it something else …… here’s a hint
- UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... CIVIL
RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... In emotional
and personal testimony, an ex-Justice official who quit over the handling of a
voter intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims ...’ US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has
promised to hold Wall Street accountable for the meltdown. ) (see this film, I strongly recommend the
complete documentary – the following is a preview/summary) http://www.youtube.com/watch?v=ffHFjlqIzKE&feature=related [Here’s an archived version
’Inside Job’ New Documentary
Exposes Wall Street Fraud And How Banksters Continue To Steal Our Money
http://www.albertpeia.com/insidejob.flv [45mb ]
http://www.albertpeia.com/insidejob.mp4 [ 65mb ] ]
] House Republicans ramp up
pressure on SEC Chairman Mary Schapiro. Locked
in standoff, Gaddafi foes debate foreign airstrikes Opposition leaders consider
requesting foreign intervention (Washington Post) [ Six NATO troops killed in Afghanistan (Washington
Post) [ Is there something wrong with the following picture? … am I missing
something? … Gates's warning: Avoid land war in Asia, Middle East, and Africa Christian Science Monitor - In a
speech to cadets at the United States Military Academy at West Point, Gates's
message was clear: The US military services, as well as the elected and
appointed civilians who send them to war, need better ways of foreseeing and
preparing for ... Gates Tells US Army to Take New Approach Voice of America Warning
Against Wars Like Iraq and Afghanistan New York
Times ( Better said, than unsaid; but,
methinks a bit late for that in light of pervasively corrupt, defacto bankrupt
america’s consummate decline and fall! If only they had listened and not shot
at the messenger … things could have been different! )
DÉJŔ VU ALL OVER AGAIN? WHERE’S YOGI
WHEN YOU NEED HIM TO EXPLAIN THIS INSANITY: Chavez:
U.S. distorting situation in Libya ‘to justify an invasion’ CNN | Venezuelan
President Hugo Chavez claims U.S. criticism of Libyan leader Moammar Gadhafi
has a clear aim: military invasion.
US tightens
military grip on Gaddafi The Guardian | The west is
edging towards a possible military confrontation with Muammar Gaddafi’s regime.
Obama
Encircles US War Machine Around Libya Paul Joseph Watson |
Administration readies to exploit humanitarian crisis to control Africa’s
largest oil producer.
Most
Americans Strongly Oppose U.S. Military Action in Libya According to
Rasmussen, a large majority of Americans agree with the common sense of George
Washington. During his farewell address, the first president of the United
States said the nation should beware of foreign entanglements. ]
Issue takes on increasing urgency amid realization that rebels cannot
continue to match the weaponry and firepower of forces loyal to Gaddafi.
[ (2-26-11 et seq.) Let me state for the record here that my computer has
been under constant viral, hack attack, paralleling prior such foolish,
paranoid actions and let me reiterate: They will be sorry and I won’t forget
it! ]
Will
‘Chindia’ Rule the World in 2050, or America After All? [ I include
this only because it’s by Evans-Pritchard in light of his prior forthrightness
in reporting what he saw (clinton years, financial crisis pre-blowout, etc.).
But Citigroup and HSBC? Hardly the pictures of Nostradamus gone corporate given
their track records. Evan Evans-Pritchard is out of his league here since 2050
is so optimistically close to the end (remember, decades at best), that such
really matters very little. Diisclosure: I haven’t and don’t need to read the
article. ] Ambrose Evans-Pritchard | Citigroup and
HSBC have come up with radically different pictures of what the world will look
like in 2050.
DÉJŔ VU ALL OVER AGAIN? WHERE’S YOGI
WHEN YOU NEED HIM TO EXPLAIN THIS INSANITY: Chavez:
U.S. distorting situation in Libya ‘to justify an invasion’ CNN | Venezuelan
President Hugo Chavez claims U.S. criticism of Libyan leader Moammar Gadhafi
has a clear aim: military invasion.
US tightens
military grip on Gaddafi The Guardian | The west is
edging towards a possible military confrontation with Muammar Gaddafi’s regime.
Obama
Encircles US War Machine Around Libya Paul Joseph Watson |
Administration readies to exploit humanitarian crisis to control Africa’s
largest oil producer.
Most
Americans Strongly Oppose U.S. Military Action in Libya According to
Rasmussen, a large majority of Americans agree with the common sense of George
Washington. During his farewell address, the first president of the United
States said the nation should beware of foreign entanglements.
“The
Financial Industry Has Become So Politically Powerful That It Is Able To
Inhibit the Normal Process of Justice And Law Enforcement” The economy cannot stabilize unless fraud is prosecuted.
But the folks in D.C. seem determined to turn a blind eye to Wall Street
shenanigans, and is now moving to defund the enforcement agencies like the SEC
and CFTC. Market Crash 2011: It Will Hit by Christmas Farrell , MarketWatch SAN
LUIS OBISPO, Calif. (MarketWatch) — ‘Politicians lie. Bankers lie. Yes, they’re
liars. But they’re not bad, it’s in their genes, inherited. Their brains are
wired that way, warn scientists. Like addicts, they can’t help themselves. They
want to sell stuff, get rich…’ ‘INSIDE JOB’ Ferguson wins Oscar
for Documentary on the unprosecuted massive extant fraud in the (many)
TRILLIONS by the frauds on wall street ( and declares with oscar in hand that
not one high level wall street exec has been prosecuted … despite ‘earning’
billiions from the fraud ), the commentator / experts recommend getting rid of
the corrupt eric holder ( now what do holder and wobama have in common … is it
wall street money ………… is it a proclivity for jive-talking / b*** s*** ………all
of the above, some of the above ……….. or is it something else …… here’s a hint
- UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... CIVIL
RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... In emotional
and personal testimony, an ex-Justice official who quit over the handling of a
voter intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims ...’ US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has
promised to hold Wall Street accountable for the meltdown. ) (see this film, I strongly recommend the
complete documentary – the following is a preview/summary) http://www.youtube.com/watch?v=ffHFjlqIzKE&feature=related [Here’s an archived version
’Inside Job’ New Documentary
Exposes Wall Street Fraud And How Banksters Continue To Steal Our Money
http://www.albertpeia.com/insidejob.flv [45mb ]
http://www.albertpeia.com/insidejob.mp4 [ 65mb ] ]
Wobama says daffy gaddafi’s time
is up, got to go. The same can be said of wobama et als and his fraudulently
failed presidency. Sheen On
Obama: “A Coward In a Cheap Suit” [ I think Sheen to be too gentle
in his criticism of wobama (Some might reflexively, defensively allege drugs
(prescription or otherwise) or any number of the varied personality disorders
so prevalent in america … ‘fuzzy, California laid back thinking’, ‘whatever’…
Who knows? ) But, that said, wobama’s far worse than just a ‘coward in a cheap
suit’. Indeed, Wobama’s a total fraud having been elected under false
pretenses; viz., his total, unequivocal, and unfulfilled b*** s*** (those
campaign promises) ! Moreover, there has been some persuasive documentation
questioning wobama’s citizenship / birthplace placing his eligibility to even
hold the office of president in question.
Drudgereport: UPDATE: Huckabee claims
Obama grew up in Kenya... The
Obama Corsi Rezko was corrupt, and supported
Obama in many campaigns as well as in Obama buying his home -- and therefore,
according to Corsi , Obama is corrupt by ... www.ontheissues.org/Obama_Nation.htm ] Amidst the
controversy of his wild interview on the Alex Jones Show yesterday, actor
Charlie Sheen wasted little time in confronting President Barack Obama on his
failure to answer Sheen’s twenty questions concerning 9/11, calling Obama, “a
coward in a cheap suit.” A Government Shut-down Imperils the Power of Congress Paul Craig Roberts | Congress could try to protect its loss of the power of the purse by
impeaching Obama. Drudgereport: WOBAMA 'IMPEACHMENT'
WARNING... ...to announce exploratory
committee 'in 10 days' Globalist Shill
Barack Obama Asks Business Leaders For Job Creation Ideas Even As He Ships More
Of Our Jobs Overseas As Part Of The New One World Economy The other day, Barack Obama summoned a group of business
and labor leaders to the White House and “challenged” them to come up with some
great ideas for creating more jobs inside the United States.
Public
confidence in Obama reaches new low (Washington Post). Six in 10
Americans lack faith in Obama and hold lower esteem for members of Congress,
according to the latest Washington Post-ABC News poll. Such stats as this tend to typify scenarios as this where
you break every significant campaign
promise that got you elected, from endless war (ie., Afghanistan, etc.) to not
prosecuting the frauds on wall street, and the growing realization of
‘typical’: Public confidence in Obama reaches new low (Washington
Post) Six in 10 Americans lack faith in Obama and hold lower esteem for members
of Congress, according to the latest Washington Post-ABC News poll. Such stats
as this tend to typify scenarios as this where you break every significant campaign promise that got you elected, from
endless war (ie., Afghanistan, etc.) to not prosecuting the frauds on wall
street, and the growing realization of ‘typical’: But still it’s ‘hands off fraudulent
wall street’ to theirs, the nation’s, and the world’s detriment. Firms
subpoenaed in attempt to regain Fannie, Freddie losses (Washington Post). But there’s a reason: The following youtube video is well worth
the look and explains how and why the frauds on wall street have gotten away
with their devastating fraud thus far. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE
FED PROBE IN BLACK PANTHER CASE... In emotional and personal testimony, an ex-Justice
official who quit over the handling of a voter intimidation case against the
New Black Panther Party accused his former employer of instructing attorneys in
the civil rights division to ignore cases that involve black defendants and
white victims ...’ US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has promised to hold Wall Street accountable for the meltdown. ) : While boner and barton are indeed jokes /
vegetables that bespeak the single-digit approval rate for congress, obama’s
failure to deliver on promises with as well, endless war spending despite
defacto bankruptcy of the nation and a watered down nothing financial
regulation bill for talking points but little substance, make him as big a
joker. This well researched / produced video tells the real story : http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1 ‘THE OBAMA
DECEPTION’ – well worth the view. [ The
Obama Deception Number 1 on U.S. Google Trends ] ‘The Obama Deception’
Censored A viral You Tube upload of one of
Alex Jones’ most popular feature films ‘The Obama Deception’ has been censored
following a spur of the moment campaign to elevate the movie’s title to the top
of the major internet search engines.
In
light of this development, I provide an archived site version which appears to
be complete (but will be compared with earlier version and replaced with same
if incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv
Ethics
code urged for Supreme Court (Washington Post) [
Sounds like a plan! Come on! Wake up! After all, what can you expect
from two guidos from ‘jersey (alito and scalia, colloquial – note that I have
refrained from using what some might consider disparaging terms as w*p*,
gui***s, or da***s … and let me state for the record that I truly loved and
respected my grandmother who was 100% Italian/Bari,Italy and as well my
grandfather/Lake Como,northern Italy with greek ancestral roots and I thereby
claim standing/right to posit the criticism in light of my direct experience.
). How ‘bout starting with enforcing laws as to judges, liars, etc., within the
very corrupted american illegal system; and, particularly bribes which in one
form or another are rampant . I don’t know about Thomas, but I do know about
alito and ‘jersey … :
October 15, 2010 (*see infra)
Steven M. Martinez, Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3 copies of the within DVD rom autorun disk (which will
open in your computer’s browser) as per your office’s request as made this day
(the disk and contents have been scanned by Avast, McAfee, and Norton which
I’ve installed on my computer to prevent viral attacks / infection and are
without threat). I also include 1 copy of the DVD as filed with the subject
court as referenced therein (which files are also included on the aforesaid 3
disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as
you’re aware, the RICO Act is a criminal statute which provides a civil remedy,
including treble damages and attorney fees, as an incentive for private
prosecution of said claims probably owing to the fact that the USDOJ seems
somewhat overwhelmed and in need of such assistance given the seriousness and
prevalence of said violations of law which have a corrupting influence on the
process, and which corruption is pervasive). A grievance complaint against Coan
was also filed concurrently with the subject action and held in abeyance
pending resolution of the action which was illegally dismissed without any
supporting law and in contravention of the Order of The Honorable Robert N.
Chatigny, Chief Judge, USDC, District Connecticut. The files below the
horizontal rule are the referenced documents as filed. (Owing to the damage to
the financial interests of both the U.S. and the District of Congresswoman
Roybal-Allard, viz., Los Angeles, the Qui Tam provisions
of the Federal False Claims Act probably would
apply and I would absent resolution seek to refer the within to a firm with
expertise in that area of the law with which I am not familiar) .
The document in 5 pages under penalty of
perjury I was asked to forward to the FBI office in New Haven is probably the
best and most concise summary of the case
RICO Summary to FBI Under Penalty
of Perjury at Their Request (5 pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I received from the Congresswoman by way of email
attachment (apparent but typical problem with my mail) along with my response
thereto is included on the 3 disks as
fbicorrespondencereyes.htm .
With regard to the calls to the FBI’s LA and New Haven, CT offices:
There was one call to the LA office and I was referred to the Long Beach, CA
office where I personally met with FBI Agent Jeff Hayes to whom I gave
probative evidentiary documents of the money laundering which he confirmed as
indicative of same (he was transferred from said office within approximately a
month of said meeting and his location was not disclosed to me upon inquiry).
The matter was assigned to FBI Agent Ron Barndollar and we remained in touch
for in excess of a decade until he abruptly retired (our last conversation
prior to his retirement related to the case and parenthetically, Rudy Giuliani
whose father I stated had been an enforcer for the mob to which he registered
disbelief and requested I prove it, which I did – he served 12 years in prison,
aggravated assault/manslaughter? – and no, there is no Chinese wall of
separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction to the statement in said correspondence, there is a
plethora of information including evidence supporting the claims set forth in
the RICO VERIFIED COMPLAINT (see infra). Such includes and as set
forth in the case, inter alia,
A judgment
had been entered in my favor in the case, United States District Court
Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in
excess of $300,000 remains unaccounted for and which could be used for
payment to creditors, Los Angeles, etc.. Counsel
Robert Sullivan on my behalf documented by way of certification upon
investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon
which false statement he predicated a retaliatory and spurious contempt
proceeding against me causing substantial damage, and for which he sought
Judicial Notice of those and related proceedings as did I in some of my
filings. The Order
of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant
Coan’s failure to file anything whatsoever by the court’s deadline causing
creditors and me substantial damages:
[ Shiff Order of Dismissal
With Prejudice on Coan’s Failure to File Page 1 Page 2 ]Defendant
Coan had filed an action against me to prevent me from suing him which
necessitated me to fly to Connecticut for a hearing before The Honorable
Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied
Coan’s requested relief as to Coan but precluded my action against Shiff (although
there is no immunity, judicial or otherwise, for criminal acts, ie., fraud
connected with a case under Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ]Newly appointed
judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned the RICO
case despite the conflict of interest in light of hundreds of thousands of
dollars of illegal (drug) money being laundered through the Trump casinos
by the RICO defendants, and despite my motion to recuse her which motion
she heard herself and denied, and U.S. Trustee Hugh Leonard with whom I
met personally refused to join or file a separate motion to recuse and not
long thereafter left said office for private practice at Cole, Shotz, et
als on retainer with the RICO defendants as his primary client. Probative
and evidentiary documents, affidavits, exhibits, including those turned
over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to
Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the
U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was
U.S. Attorney, and went over said documents and their probative value with
him. Within approximately a month thereafter upon inquiry I was told that
Jonathon Lacey was no longer with the office, that the file/documents
could not be located, and that there was no further information available
concerning contacting him or his location. I thereupon delivered by hand,
copies of said documents to the office of then U.S. Attorney Alito,
addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one
mob case he had brought, bungled, lost (accidently on purpose?) since I
was suing some mob-connected under RICO and the court (I had known /
previously met outside of court the judge Ackerman through a client) was
absolute bedlam and a total joke since incompetent corrupt Alito brought
in all 20 mob defendants (rather than prosecute one or a few to flip them first)
who feigning illness had beds/cots in the courtroom along with their moans
during testimony and had the jury in stitches. As much as I hate the mob,
it truly was funny, if not so tragic.], Alito is also corrupt (and maybe
corrupt because he is inept). After a reasonable (but still rather short)
time I called to determine the status and was told that Alito was no
longer with the Office of the U.S. Attorney, that he was (appointed) a
federal judge, and that neither the documents nor any file or record of
same could be located. Alito did parley the same / cover-up into quid pro
quo direct lifetime appointment to the Court of Appeals, 3rd circuit,
despite the absence of judicial experience or successful tenure as U.S.
Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that
now sits on the purported highest court in the land. The real application
of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety
coverage and neither LA, nor creditors, nor I should continue to have been
damaged by this brazened corrupt and illegal scenario, which should be resolved
in accordance with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5 th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but
there are unresolved problems with the line, computer connection may be the
reason but I hesitate to chance greater non-performance / worsening by their
‘fix’ so cell phone best for contact).
] Group of law professors'
appeal comes after controversies involving travel and appearances at political
events by several justices.
Why your local Hospital could soon shut down (Ad) http://www.stansberryresearch.com/pro/1011PSIENDVD/LPSILC43/PR [ The instant video from Stansberry and Associates is so well researched and succinctly presented that I’ve archived same on my website;
also, because the facts and views presented comport with the facts and views
I’ve presented on my site which I believe to be correct. This is a must-view,
must-see that I strongly recommend !
http://www.albertpeia.com/stansberrysinvestmentadvisory.flv ( 146mb – approx. 1 hr. 17 min. ) http://www.albertpeia.com/stansberrysinvestmentadvisory.mp4 (
374mb ) Written text of presentation (without
pictures / charts) http://www.albertpeia.com/stansberrypresentation.htm ]
Drudgereport: OIL
SHOCK AS MIDEAST SPIRALS More
Than 140,000 People Flee Libya... Gadhafi
forces retake towns near capital... Cameron
backtracks on no-fly zone plan... Astonishing
wealth of Gaddafi and his family revealed... WIKILEAKS'
ASSANGE CITED JEWISH CONSPIRACY... YEMEN
RAGES... President
says US, Israel behind unrest... Fashion
Week Führer: DIOR Fires Galliano After Racism Complaints... 'I
love Hitler'... 'Your
parents should have been gassed'... FADE:
OSCAR RATINGS DOWN 10% ... Injury
Added to Insult... Bob Hope: Academy Awards,
‘passover’ … very funny! ]CIVIL
WAR WEEKEND
Armed
pro-Gaddafi gangs roll in Tripoli... ...Shooting
from ambulances... GRAFFITI
AND BARRICADES... Gaddafi
vows to crush protesters... Egypt
protesters dispersed by force... Al
Qaeda calls for revolt against Arab rulers... Obama
to Gaddafi: Leave now... UN
Security Council passes votes to sanction...
Gas
prices surge 17 cents in a week... Motorist
Calls Police Over Rising Prices... OBAMA:
CAN WE DRILL NOW? LONDON
DRIVERS PAYING $9 A GALLON... Spain
reduces motorway speed limit to save oil...
WOBAMA
'IMPEACHMENT' WARNING... ...to
announce exploratory committee 'in 10 days' WEST MOVES MILITARY ASSETS AROUND LIBYA CharlieSheen
Publicist Runs For Hills... Actor
set to sue CBS for $320M, 'mental anguish'... The
Legal Letter... THE
'TODAY' INTERVIEW... NY
MAG: Madoff on Madoff: The Jailhouse Tapes... Government
a Ponzi scheme...
CIVIL
WAR WEEKEND... Anti-Gaddafi
forces widen control... Take
town 30 miles from Tripoli... Security
forces defect... Armed
pro-gangs roll in capital... ...shooting
from ambulances ISRAELI'S
YOUTUBE SPOOF OF GADHAFI CATCHES ON IN ARAB WORLD... Police
station, state office burning in Oman town... Tunisia
prime minister resigns... Gingrich
to announce exploratory committee 'in 10 days' [ Neo-con Dreamin’! I mean, come
on … are memories so short they don’t recall him being a total hypocrite,
zionist shill, and part of the problem
though to his credit, he’s not a mobster and complete joke as is trump! ]
CHICAGOLAND:
Lawmaker Suggests BOEING'S Contract Win A Result Of Dirty Politics... [ The
contract’s with money the nation doen’t really have anyway; and, the value of
the money paid will be worth substantially less by completion; and, no surprise
… Chicago hasn’t changed much from the days of capone and is rivaled in terms
of corruption by such states as jersey, new york, etc.. ] ‘…“I’m
disappointed but not surprised,” Republican Sen. Richard Shelby said. “Only
Chicago politics could tip the scales in favor of Boeing’s inferior plane. EADS
clearly offers the more capable aircraft.”…’
Six NATO troops killed in Afghanistan (Washington Post) [ Is there something wrong with the
following picture? … am I missing something? … Gates's warning: Avoid land war in Asia, Middle East, and
Africa Christian
Science Monitor - In a
speech to cadets at the United States Military Academy at West Point, Gates's
message was clear: The US military services, as well as the elected and
appointed civilians who send them to war, need better ways of foreseeing and
preparing for ... Gates Tells US Army to Take New Approach Voice of America Warning Against Wars Like Iraq and Afghanistan New York Times [ Better said, than
unsaid; but, methinks a bit late for that in light of pervasively corrupt,
defacto bankrupt america’s consummate decline and fall! If only they had
listened and not shot at the messenger … things could have been different! ] Ohio,
Wisconsin shine spotlight on new union battle (Washington Post) [ The importance of this article cannot be over-stated
in at least its an attempt to highlight, if not distinguish between the roles
of unions in the private sector versus the public sector, namely government.
While in law school evenings, and working at a law firm during the day, I
invariably taught one or two courses per semester (spring, fall, summer) at a
local college in predominantly finance, management, insurance, and real estate.
I used the Drucker text, case book, materials for management which enabled me
to pay close attention to his quite brilliant thoughts, positions as they
continued to evolve (as an undergrad we used Drucker, who also was consultant
to many major corporations). He was a defender of unions in the private sector,
if only to provide an all encompassing, cohesive, unified group with which
management could deal. He also talked about the need to apply management
principles to and manage non-profit organizations, institutions as, ie.,
hospitals, schools, etc., and hence by inference, though he didn’t seem to get
to it, governments. They specifically needed to be managed for performance,
which of course, in his approach required substantial thought in defining
mission, goals, objectives, steps in achieving objectives, and measuring
achievement or not of objectives, etc.. Moreover, raises, compensation,
benefits, pensions were never to be automatic, but rather based upon clearly
defined performance, merit, as can be measured. The problem in pervasively
corrupt, defacto bankrupt america particulary is that more, regardless of
performance had, has become an oftimes integrally political thing determinant
of election results. Congress (as well as judiciary, executive branch-excepting
law enforcement) has been among the worst offenders from not only the
perspective of their own ever increasing pay / benefit / compensation packages
despite the nation’s sinking sensation, but as well, their role in keeping in
check the abuses, frauds, crimes in the private sector (ie., wall street, ceo
excessive comp., etc.) which duty they have egregiously shirked. The bottomline
is exactly that; viz., the bottomline. The money’s not there. The nation,
state, local governments in america have not been managed for performance and
are defacto bankrupt in general therefore. States can’t pay what they don’t
have, but there are a lot of those, ie., frauds on wall street, etc., who
should be paying first, whatever it takes! ]
The divide between government worker unions and their opponents highlights
a critical aspect of the evolving labor movement. Cohen: Time
for Arabs to reject anti-semitism (Washington Post) [ Reality check … time for israelis / jews to reject
zionism and all that is entailed therein, including an alternate reality that
defies credulity, rationality, and facts; such as, a self-rationalizing greed,
anti-arab / anti-Christian predisposition and the ‘Oedipal Effect’ (blowback)
engendered thereby. No, Johnny Carson was not anti-semitic (Fred Silverman),
same for Charlie Sheen (Chuck Lorre), etc. (the list is endless inasmuch as
when facts are not on their side, such specious inflammatory arguments as
‘anti-semitism’, prejudice, are a convenient subterfuge distracting from their
weak position; ie., illegal nukes, war crimes, ignoring u.n. resolutions, ie.,
242, 338, etc., ignoring international law. At best, no … God did not give them
this land … at worst, God took the land back when they with roman muscle
crucified Christ. Balfour was an arbitrary, incompetent, british joke.). ] U.S.
freezes $30 billion in Libya government assets (Washington Post) [ The lesson for the
Libyan people based upon pervasively corrupt, defacto bankrupt war crimes
nation america’s desperation is … you better watch that Libyan money closely;
after all, look what’s happened to american money in american hands … totally
plundered by the opportunist few! ]
Action taken by executive order is largest blocking under any U.S.
sanctions program ever; Clinton announces efforts to stem humanitarian crisis.
[ (2-26-11) Let me state for the record here that my computer has been
under constant viral, hack attack, paralleling prior such foolish, paranoid
actions and let me reiterate: They will be sorry and I won’t forget it! ]
Report:
GOP spending plan would cost 700,000 jobs (Washington Post) [ If everyone
was so concerned with the reality that pervasively corrupt america is defacto
bankrupt, they could could begin with disgorgement of the hundreds of billions
in fraudulent gains gotten in their massive fraud by the frauds on wall street
by prosecuting same as falsely promised by ‘wobama the b’ (for b*** s***) and
holder as set forth in Oscar Winner Ferguson’s Documentary, ‘INSIDE JOB’, see
immediately hereafter. After all, the nation is bankrupt! Don't
cut here (Washington Post) [
If not there … then where? I think people are totally out-of-touch with the
reality of america’s dire circumstances and impending collapse on as many
levels as a nation could face disaster. Denial? If it were only that simple
… Why your local Hospital could soon shut down (Ad) http://www.stansberryresearch.com/pro/1011PSIENDVD/LPSILC43/PR ( The instant video from Stansberry and
Associates is so well researched and succinctly presented that I’ve archived
same on my website;
also, because the facts and views presented comport with the facts and views
I’ve presented on my site which not only do I believe to be correct, but are
supported by the unequivocal documented facts. This is a must-view, must-see
that I strongly recommend ! The complete url ( 146 mb – approx. 1 hr.
17 min. ) : http://www.albertpeia.com/stansberrysinvestmentadvisory.flv ) ]
Topic A: Advocates make the case for funding their favorite
federal programs. [ With what? The nation’s bankrupt: Senate
Democrats draft cuts in domestic agency budgets (Washington Post) [
Do these ‘too little, too late’ so-called cuts purport to make the nation
‘less bankrupt’? There’s no such thing … absolutely preposterous! And,
Kotlikoff thinks so as well, see immediately hereafter… ] The plan will involve accelerating some of
the $33 billion in program terminations and reductions included in Obama's
proposed budget for next year. When Pretending Fails to Hide Bankruptcy:
Laurence Kotlikoff ( Today in the WashingtonPost.Com ) Laurence Kotlikoff Feb 22, 2011 Feb. 23 (Bloomberg) -- Our country is bankrupt. It’s not
bankrupt in 30 years or five years. It’s bankrupt today…’ ] The report offers fresh ammunition to
Democrats seeking block the plan, which would slash federal appropriations by
$61 billion.
‘INSIDE JOB’ Ferguson wins Oscar
for Documentary on the unprosecuted massive extant fraud in the (many) TRILLIONS
by the frauds on wall street ( and declares with oscar in hand that not one
high level wall street exec has been prosecuted … despite ‘earning’ billiions
from the fraud ), the commentator / experts recommend getting rid of the
corrupt eric holder ( now what do holder and wobama have in common … is it wall
street money ………… is it a proclivity for jive-talking / b*** s*** ………all of the
above, some of the above ……….. or is it something else …… here’s a hint - UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... CIVIL
RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... In emotional
and personal testimony, an ex-Justice official who quit over the handling of a
voter intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims ...’ US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has
promised to hold Wall Street accountable for the meltdown. ) (see this film, I strongly recommend the
complete documentary – the following is a preview/summary) http://www.youtube.com/watch?v=ffHFjlqIzKE&feature=related [Here’s an archived version
’Inside Job’ New Documentary
Exposes Wall Street Fraud And How Banksters Continue To Steal Our Money
http://www.albertpeia.com/insidejob.flv [45mb ]
http://www.albertpeia.com/insidejob.mp4 [ 65mb ] ]
Wobama says daffy gaddafi’s time is up, got to go. The
same can be said of wobama et als and his fraudulently failed presidency. Sheen On
Obama: “A Coward In a Cheap Suit” [ I think Sheen to be too gentle in his criticism of wobama (Some
might reflexively, defensively allege drugs (prescription or otherwise) or any
number of the varied personality disorders so prevalent in america … ‘fuzzy,
California laid back thinking’, ‘whatever’… Who knows? ) But, that said,
wobama’s far worse than just a ‘coward in a cheap suit’. Indeed, Wobama’s a
total fraud having been elected under false pretenses; viz., his total,
unequivocal, and unfulfilled b*** s*** (those campaign promises) ! Moreover,
there has been some persuasive documentation questioning wobama’s citizenship /
birthplace placing his eligibility to even hold the office of president in
question. ] Amidst the controversy of his wild interview on the Alex Jones Show
yesterday, actor Charlie Sheen wasted little time in confronting President
Barack Obama on his failure to answer Sheen’s twenty questions concerning 9/11,
calling Obama, “a coward in a cheap suit.” A Government Shut-down Imperils the Power of Congress Paul Craig
Roberts | Congress could try to protect its loss of the power of
the purse by impeaching Obama.
Drudgereport: WOBAMA
'IMPEACHMENT' WARNING... ...to
announce exploratory committee 'in 10 days' Globalist Shill Barack
Obama Asks Business Leaders For Job Creation Ideas Even As He Ships More Of Our
Jobs Overseas As Part Of The New One World Economy The other day,
Barack Obama summoned a group of business and labor leaders to the White House
and “challenged” them to come up with some great ideas for creating more jobs
inside the United States.
Why your local Hospital could soon shut down (Ad) http://www.stansberryresearch.com/pro/1011PSIENDVD/LPSILC43/PR [ The instant video from Stansberry and Associates is so well researched and succinctly presented that I’ve archived same on my website;
also, because the facts and views presented comport with the facts and views
I’ve presented on my site which I believe to be correct. This is a must-view,
must-see that I strongly recommend !
http://www.albertpeia.com/stansberrysinvestmentadvisory.flv ( 146mb – approx. 1 hr. 17 min. ) http://www.albertpeia.com/stansberrysinvestmentadvisory.mp4 (
374mb ) Written text of presentation (without
pictures / charts) http://www.albertpeia.com/stansberrypresentation.htm ]
‘INSIDE JOB’ Ferguson wins Oscar
for Documentary on the unprosecuted massive extant fraud in the (many)
TRILLIONS by the frauds on wall street ( and declares with oscar in hand that
not one high level wall street exec has been prosecuted … despite ‘earning’
billiions from the fraud ), the commentator / experts recommend getting rid of
the corrupt eric holder ( now what do holder and wobama have in common … is it
wall street money ………… is it a proclivity for jive-talking / b*** s*** ………all
of the above, some of the above ……….. or is it something else …… here’s a hint
- UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... CIVIL
RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... In emotional
and personal testimony, an ex-Justice official who quit over the handling of a
voter intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims ...’ US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has
promised to hold Wall Street accountable for the meltdown. ) (see this film, I strongly recommend the
complete documentary – the following is a preview/summary) http://www.youtube.com/watch?v=ffHFjlqIzKE&feature=related [Here’s an archived version
’Inside Job’ New Documentary
Exposes Wall Street Fraud And How Banksters Continue To Steal Our Money
http://www.albertpeia.com/insidejob.flv [45mb ]
http://www.albertpeia.com/insidejob.mp4 [ 65mb ] ]
Wobama says daffy gaddafi’s time is up, got to go. The
same can be said of wobama et als and his fraudulently failed presidency. Sheen On
Obama: “A Coward In a Cheap Suit” [ I think Sheen to be too gentle in his criticism of wobama (Some
might reflexively, defensively allege drugs (prescription or otherwise) or any
number of the varied personality disorders so prevalent in america … ‘fuzzy,
California laid back thinking’, ‘whatever’… Who knows? ) But, that said,
wobama’s far worse than just a ‘coward in a cheap suit’. Indeed, Wobama’s a
total fraud having been elected under false pretenses; viz., his total, unequivocal,
and unfulfilled b*** s*** (those campaign promises) ! Moreover, there has been
some persuasive documentation questioning wobama’s citizenship / birthplace
placing his eligibility to even hold the office of president in question. ]
Amidst the controversy of his wild interview on the Alex Jones Show yesterday,
actor Charlie Sheen wasted little time in confronting President Barack Obama on
his failure to answer Sheen’s twenty questions concerning 9/11, calling Obama,
“a coward in a cheap suit.” A Government Shut-down Imperils the Power of Congress Paul Craig
Roberts | Congress could try to protect its loss of the power of
the purse by impeaching Obama.
Drudgereport: WOBAMA
'IMPEACHMENT' WARNING... ...to
announce exploratory committee 'in 10 days' Globalist Shill
Barack Obama Asks Business Leaders For Job Creation Ideas Even As He Ships More
Of Our Jobs Overseas As Part Of The New One World Economy The other day,
Barack Obama summoned a group of business and labor leaders to the White House
and “challenged” them to come up with some great ideas for creating more jobs
inside the United States.
Public
confidence in Obama reaches new low (Washington Post). Six in 10
Americans lack faith in Obama and hold lower esteem for members of Congress,
according to the latest Washington Post-ABC News poll. Such stats as this tend to typify scenarios as this where
you break every significant campaign
promise that got you elected, from endless war (ie., Afghanistan, etc.) to not
prosecuting the frauds on wall street, and the growing realization of
‘typical’: Public confidence in Obama reaches new low (Washington
Post) Six in 10 Americans lack faith in Obama and hold lower esteem for members
of Congress, according to the latest Washington Post-ABC News poll. Such stats
as this tend to typify scenarios as this where you break every significant campaign promise that got you elected, from
endless war (ie., Afghanistan, etc.) to not prosecuting the frauds on wall
street, and the growing realization of ‘typical’: But still it’s ‘hands off fraudulent
wall street’ to theirs, the nation’s, and the world’s detriment. Firms
subpoenaed in attempt to regain Fannie, Freddie losses (Washington Post). But there’s a reason: The following youtube video is well worth
the look and explains how and why the frauds on wall street have gotten away
with their devastating fraud thus far. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE
FED PROBE IN BLACK PANTHER CASE... In emotional and personal testimony, an ex-Justice
official who quit over the handling of a voter intimidation case against the
New Black Panther Party accused his former employer of instructing attorneys in
the civil rights division to ignore cases that involve black defendants and
white victims ...’ US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has promised to hold Wall Street accountable for the meltdown. ) : While boner and barton are indeed jokes /
vegetables that bespeak the single-digit approval rate for congress, obama’s
failure to deliver on promises with as well, endless war spending despite
defacto bankruptcy of the nation and a watered down nothing financial
regulation bill for talking points but little substance, make him as big a
joker. This well researched / produced video tells the real story : http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1 ‘THE OBAMA
DECEPTION’ – well worth the view. [ The
Obama Deception Number 1 on U.S. Google Trends ] ‘The Obama Deception’
Censored A viral You Tube upload of one of
Alex Jones’ most popular feature films ‘The Obama Deception’ has been censored
following a spur of the moment campaign to elevate the movie’s title to the top
of the major internet search engines.
In
light of this development, I provide an archived site version which appears to
be complete (but will be compared with earlier version and replaced with same
if incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv
Ethics
code urged for Supreme Court (Washington Post) [
Sounds like a plan! Come on! Wake up! After all, what can you expect
from two guidos from ‘jersey (alito and scalia, colloquial – note that I have
refrained from using what some might consider disparaging terms as w*p*,
gui***s, or da***s … and let me state for the record that I truly loved and
respected my grandmother who was 100% Italian/Bari,Italy and as well my
grandfather/Lake Como,northern Italy with greek ancestral roots and I thereby
claim standing/right to posit the criticism in light of my direct experience.
). How ‘bout starting with enforcing laws as to judges, liars, etc., within the
very corrupted american illegal system; and, particularly bribes which in one
form or another are rampant . I don’t know about Thomas, but I do know about
alito and ‘jersey … :
October 15, 2010 (*see infra)
Steven M. Martinez, Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3 copies of the within DVD rom autorun disk (which will
open in your computer’s browser) as per your office’s request as made this day
(the disk and contents have been scanned by Avast, McAfee, and Norton which
I’ve installed on my computer to prevent viral attacks / infection and are
without threat). I also include 1 copy of the DVD as filed with the subject
court as referenced therein (which files are also included on the aforesaid 3
disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as
you’re aware, the RICO Act is a criminal statute which provides a civil remedy,
including treble damages and attorney fees, as an incentive for private
prosecution of said claims probably owing to the fact that the USDOJ seems somewhat
overwhelmed and in need of such assistance given the seriousness and prevalence
of said violations of law which have a corrupting influence on the process, and
which corruption is pervasive). A grievance complaint against Coan was also
filed concurrently with the subject action and held in abeyance pending
resolution of the action which was illegally dismissed without any supporting
law and in contravention of the Order of The Honorable Robert N. Chatigny,
Chief Judge, USDC, District Connecticut. The files below the horizontal rule
are the referenced documents as filed. (Owing to the damage to the financial
interests of both the U.S. and the District of Congresswoman Roybal-Allard,
viz., Los Angeles, the Qui Tam provisions of the Federal False Claims Act probably would apply and I would absent
resolution seek to refer the within to a firm with expertise in that area of
the law with which I am not familiar) .
The document in 5 pages under penalty of
perjury I was asked to forward to the FBI office in New Haven is probably the
best and most concise summary of the case
RICO Summary to FBI Under Penalty
of Perjury at Their Request (5 pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I received from the Congresswoman by way of email
attachment (apparent but typical problem with my mail) along with my response
thereto is included on the 3 disks as
fbicorrespondencereyes.htm .
With regard to the calls to the FBI’s LA and New Haven, CT offices:
There was one call to the LA office and I was referred to the Long Beach, CA
office where I personally met with FBI Agent Jeff Hayes to whom I gave
probative evidentiary documents of the money laundering which he confirmed as
indicative of same (he was transferred from said office within approximately a
month of said meeting and his location was not disclosed to me upon inquiry).
The matter was assigned to FBI Agent Ron Barndollar and we remained in touch
for in excess of a decade until he abruptly retired (our last conversation
prior to his retirement related to the case and parenthetically, Rudy Giuliani
whose father I stated had been an enforcer for the mob to which he registered
disbelief and requested I prove it, which I did – he served 12 years in prison,
aggravated assault/manslaughter? – and no, there is no Chinese wall of
separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction to the statement in said correspondence, there is a
plethora of information including evidence supporting the claims set forth in
the RICO VERIFIED COMPLAINT (see infra). Such includes and as set
forth in the case, inter alia,
A judgment
had been entered in my favor in the case, United States District Court
Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in
excess of $300,000 remains unaccounted for and which could be used for
payment to creditors, Los Angeles, etc.. Counsel
Robert Sullivan on my behalf documented by way of certification upon investigation
that Alan Shiff, USBCJ, had falsely stated a dismissal upon which false
statement he predicated a retaliatory and spurious contempt proceeding
against me causing substantial damage, and for which he sought Judicial
Notice of those and related proceedings as did I in some of my filings. The Order
of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant
Coan’s failure to file anything whatsoever by the court’s deadline causing
creditors and me substantial damages:
[ Shiff Order of Dismissal
With Prejudice on Coan’s Failure to File Page 1 Page 2 ]Defendant
Coan had filed an action against me to prevent me from suing him which
necessitated me to fly to Connecticut for a hearing before The Honorable
Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied
Coan’s requested relief as to Coan but precluded my action against Shiff
(although there is no immunity, judicial or otherwise, for criminal acts,
ie., fraud connected with a case under Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf
]Newly
appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned
the RICO case despite the conflict of interest in light of hundreds of
thousands of dollars of illegal (drug) money being laundered through the
Trump casinos by the RICO defendants, and despite my motion to recuse her
which motion she heard herself and denied, and U.S. Trustee Hugh Leonard
with whom I met personally refused to join or file a separate motion to
recuse and not long thereafter left said office for private practice at
Cole, Shotz, et als on retainer with the RICO defendants as his primary
client. Probative
and evidentiary documents, affidavits, exhibits, including those turned
over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to
Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the
U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was
U.S. Attorney, and went over said documents and their probative value with
him. Within approximately a month thereafter upon inquiry I was told that
Jonathon Lacey was no longer with the office, that the file/documents
could not be located, and that there was no further information available
concerning contacting him or his location. I thereupon delivered by hand,
copies of said documents to the office of then U.S. Attorney Alito,
addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one
mob case he had brought, bungled, lost (accidently on purpose?) since I
was suing some mob-connected under RICO and the court (I had known /
previously met outside of court the judge Ackerman through a client) was
absolute bedlam and a total joke since incompetent corrupt Alito brought
in all 20 mob defendants (rather than prosecute one or a few to flip them
first) who feigning illness had beds/cots in the courtroom along with
their moans during testimony and had the jury in stitches. As much as I
hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe
corrupt because he is inept). After a reasonable (but still rather short)
time I called to determine the status and was told that Alito was no
longer with the Office of the U.S. Attorney, that he was (appointed) a
federal judge, and that neither the documents nor any file or record of
same could be located. Alito did parley the same / cover-up into quid pro
quo direct lifetime appointment to the Court of Appeals, 3rd circuit,
despite the absence of judicial experience or successful tenure as U.S.
Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that
now sits on the purported highest court in the land. The real application
of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety
coverage and neither LA, nor creditors, nor I should continue to have been
damaged by this brazened corrupt and illegal scenario, which should be resolved
in accordance with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5 th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but
there are unresolved problems with the line, computer connection may be the
reason but I hesitate to chance greater non-performance / worsening by their
‘fix’ so cell phone best for contact).
] Group of law
professors' appeal comes after controversies involving travel and appearances
at political events by several justices.
Why your local Hospital could soon shut down (Ad) http://www.stansberryresearch.com/pro/1011PSIENDVD/LPSILC43/PR [ The instant video from Stansberry and Associates is so well researched and succinctly presented that I’ve archived same on my website;
also, because the facts and views presented comport with the facts and views
I’ve presented on my site which I believe to be correct. This is a must-view,
must-see that I strongly recommend !
http://www.albertpeia.com/stansberrysinvestmentadvisory.flv ( 146mb – approx. 1 hr. 17 min. ) http://www.albertpeia.com/stansberrysinvestmentadvisory.mp4 (
374mb ) Written text of presentation (without
pictures / charts) http://www.albertpeia.com/stansberrypresentation.htm ]
‘ The Chicago PMI
for February climbed to a 20-year high of 71.2. It had only ben expected to
come in at 67.5 after a 68.8 reading in January’. [ Come on! Does anyone
take anything coming out chicago capone-land seriously…maybe is the answer if
you’re a fool. ]
Market Crash 2011: It Will Hit by Christmas Farrell ,
MarketWatch SAN LUIS OBISPO, Calif.
(MarketWatch) — Politicians lie. Bankers lie. Yes, they’re liars. But they’re
not bad, it’s in their genes, inherited. Their brains are wired that way, warn
scientists. Like addicts, they can’t help themselves. They want to sell stuff,
get rich.
We want to believe they’re telling us the truth. Silly,
huh? Both trapped in this eternal “dance of death” controlled by programs
hidden deep in our brains, telling us what to do, telling us to ignore facts to
the contrary — till it’s too late, till a new crisis crushes all of us.
Dow
ends at 2 1/2-year high Joe Bel Bruno
explains why stocks climbed to 21/2-year highs and extended their winning
streak to a third consecutive week.
Psychology
offers us a powerful lesson: Our collective brain is destined to trigger a
crash before Christmas 2011. Why? We’re gullible, keep searching for a
truth-teller in a world of liars. And they’re so clever, we let them manipulate
us into acting against our best interests.
In fact,
behavioral science tells us that bankers and politicians are lying to us 93% of
the time. It’s 13 times more likely Wall Street is telling you a lie than the
truth. That’s why they win. Why we lose. Because our brains are preprogrammed
to cooperate in their con game. Yes, we believe most of their lies.
One of
America’s leading behavioral finance gurus, University of Chicago Prof. Richard
Thaler, explains: “Think of the human brain as a personal computer with a very
slow processor and a memory system that is small and unreliable.” Thaler even
admits: “The PC I carry between my ears has more disk failures than I care to
think about.” Easy to manipulate.
Eternal
love story: Your brain’s in love with Wall Street’s brain Thaler’s a
quant, speaks mostly in cryptic algorithmics. So if you really want to know how
Wall Street’s con game works on you, Barry Ritholtz, the financial genius
behind “Bailout Nation,” recently summarized it in the Washington Post: “Humans
make all the same mistakes, over and over again. It’s how we are wired, the net
result of evolution. That flight-or-fight response might have helped your
ancestors deal with hungry saber-toothed tigers and territorial Cro Magnons,
but it drives investors to make costly emotional decisions.”
Humans have
something “akin to brain damage,” says Ritholtz. “To neurophysiologists, who
research cognitive functions, the emotionally driven appear to suffer from
cognitive deficits that mimic certain types of brain injuries. … Anyone with an
intense emotional interest in a subject loses the ability to observe it
objectively: You selectively perceive events. You ignore data and facts that
disagree with your main philosophy. Even your memory works to fool you, as you
selectively retain what you believe in, and subtly mask any memories that might
conflict.”
Worse, there’s no cure.
Your
brain needs to believe lies; Wall Street loves telling lies Examples: USA
Today headline: “Average Bull is 3.8 years: We’re not at 2 yet.” More upside.
Wall Street loves it. The Wall Street Journal: “Stock recovery in high gear …
S&P500 now speeding toward its next landmark,” double its March 2009
bottom.
Other lies:
Inflation and rate rises won’t push China and America over the edge into a new
bear recession. That one’s real popular in Wall Street’s echo chamber. Wall
Street also cheers every time cable pundits and journalists repeat their
favorite statistic: That stocks rally in the third year of a presidency, often
more than 20%. Yes, Wall Street loves those 93% lies.
Biggest lie?
Wharton’s perennial bull, Jeremy Siegel, of “Stocks for the Long Run” fame,
recently told a TD Ameritrade Institutional Conference, “There’s nothing but
upside to come …the next several years are going to be good for stocks.”
Yes, one of
Wall Street’s favorite co-conspirators is hypnotizing thousands of our best
money managers and advisers into believing the lie that this bull market will
roar indefinitely. Worse, they’ll use that message to sell naive investors on
buying whatever junk Wall Street is selling.
Get the
picture? A little conspiracy begins in your head, a conspiracy between your
gullible brain and Wall Street’s con men selling hype, hoopla and happy-talk.
Listen and you’ll lose. Warning: This little conspiracy is a retirement killer.
Remember: It’s odds-on you’re being lied to. So for a few moments, listen to
some highly respected contrarians. They’re short-selling this conspiracy,
betting that 2011 will hit headwinds before Christmas, turn a cyclical bull
rally into a cyclical bear market.
Our
brains never learned 2008’s lessons, will fail again in 2011 Remember, we
can’t help it. Our brains are defective, biased, manipulated by unseen forces
93% of the time. So blame all the lies, lying and liars on our brain wiring. A
perfect excuse. Sure, political dogma and insatiable greed factor into our
bizarre mental equations. But your brain is as susceptible to the “great con”
as Ben Bernanke, Henry Paulson, Bernie Madoff.
Go back a few
years: The subprime credit meltdown was widely predicted years in advance. For
example, back in 2007, the IMF’s Chief Economist, Raghuram Rajan, “delivered a
stark warning to the world’s top bankers: Financial markets were headed for
doom. They laughed it off,” said the Toronto Star. Both Alan Greenspan and
Larry Summers were there.
In April 2007,
Jeremy Grantham, whose firm manages $107 billion, also warned investors: “The
First Truly Global Bubble: From Indian antiquities to modern Chinese art; from
land in Panama to Mayfair; from forestry, infrastructure, and the junkiest
bonds to mundane blue chips; it’s bubble time. … Everyone, everywhere is
reinforcing one another. … Bursting of the bubble will be across all countries
and all assets … no similar global event has occurred before.”
We knew a crash
was coming, Wall Street laughed.
Call it denial,
or lying, or just a brain defect, late that summer as the meltdown spread like
wildfire, shutting down the economy, our manipulative Treasury Secretary Hank
Paulson, a former Goldman Sachs CEO, told Fortune “this is far and away the
strongest global economy I’ve seen in my business lifetime.” And Fed boss
Bernanke was telling us the subprime crisis was “contained.” Alan Greenspan
agreed. He was on tour, making millions hustling his new book of excuses,
delusions and lies, “The Age of Turbulence.”
Today, just
three years later, the market’s just a shade above its 2000 peak. Adjusted for
inflation, Wall Street stocks have lost roughly 20% of your retirement money
the past decade. Get it? Wall Street’s a big loser the past decade. And they’ll
lose another 20% by 2020. Why? Because 93% of what comes from Wall Street is suspect,
can’t be trusted.
Warning:
Cyclical bull ends in 2011, new cyclical bear roars back At the
beginning of 2011 USA Today reported a contrarian forecast. Ned Davis Research
says the S&P 500 will make a run at the 2007 high of 1,565, but hit a “midyear
peak.” Then it will crash as interest rates rise. Davis concludes: “The midyear
peak could mark the end of the cyclical bull market that began in March 2009
and the start of a new cyclical bear market.”
Warning, even
though your brain doesn’t want to hear it, there is a high probability a new
cyclical bear market will begin this summer … and overshadow the 2012
elections.
The Journal’s
also warning: “Inflation jitters spread through emerging markets, prompting
China’s central bank to raise interest rate for the third time in four months
amid worries that a drought threatening the country’s wheat crop will put
further pressure on global food prices.”
Wake up
America: With commodity prices rising rapidly, all the bizarre rationalizations
Wall Street uses to keep Bernanke’s interest rates low are rapidly vaporizing.
Yes, Ned Davis’ prediction of a bear will soon be a painful reality.
S&P
500 inflated, worth just 910, get out before it tops 1,500 Grantham also
sees inflation and rising interest rates killing the lies, popping the bubble
and ending the rally: “As a simple rule, the market will tend to rise as long
as short rates are kept low. This seems likely to be the case for eight more
months and, therefore, we have to be prepared for the market to rise and to
have a risky bias.”
With $107
billion at stake Grantham better be concerned. He predicted the 2008 meltdown,
now sees a repeat dead ahead: “Be prepared for a strong market and continued
outperformance of everything risky, but be aware that you are living on
borrowed time as a bull.”
Yes, the bubble
will pop this year says Grantham: “If the S&P rises to 1,500, it would
officially be the latest in the series of true bubbles. All of the famous
bubbles broke, but only after short rates had started to rise.”
So keep a close
watch on those two tipping points in your planning, interest rates breaking to
the upside and the S&P closing near 1,500. When inflation pushes interest
rates up they’ll choke off this bull market. If you’re active, better stop chasing
higher returns, especially emerging markets.
Bottom line: In
what sounds like a direct shot at super-bull Jeremy Siegel, Grantham says that
GMO’s research warns that “the market is worth about 910 on the S&P 500,
substantially less than current levels” just above 1,300.
Then Grantham
throws his fast ball right down the middle: “The speed with which you should
pull back from the market as it advances into dangerously overpriced territory
this year is more of an art than a science, but by October 1 you should
probably be thinking much more conservatively.”
Translation:
Get the heck out of Wall Street’s stock market casino soon, maybe as early as
July 4th, and definitely get out by Christmas, because soon all the lies, lying
and liars will stop working. ‘
Congress
on course to avert shutdown (Washington Post) [ And just when we
thought there was hope … for the nation … the world … How ‘bout a massive furlough program for congress, the
judiciary, and the executive branch (except law enforcement). After all, if all
of the foregoing along with the likes of pseudo gov’t / connected fraudulent
wall street, etc., are not to blame for the debacle we now call america, then
who is? They are, period, exclamation point. Massive firings would also do
quite satisfactorily! ]
Chinese
authorities block Web site, terms (Washington Post) [ It is bad enough
that China is essentially a totalitarian communist nation, disingenuously
relying upon capitalism for its stellar growth. In light of such and China’s
preoccupation with censorship, it is also clear that it’s not so much China’s
rise as it is pervasively corrupt / defacto bankrupt america’s demise. In other
words, they’re ‘limited’ (by such). But make no mistake, pervasively corrupt,
defacto bankrupt america goes to great lengths in suppressing information,
truth in favor of what’s spewed out by their propaganda machine which is
nonpareil; and then there’s the perpetual illegal wars. ] Chinese authorities continued to tighten
controls on Internet use Friday in the face of murky calls for "jasmine
rallies" to emulate the anti-government protests convulsing the Middle
East and North Africa.
When Pretending Fails to Hide Bankruptcy: Laurence Kotlikoff
( Today in the WashingtonPost.Com ) Laurence
Kotlikoff Feb 22, 2011 Feb. 23 (Bloomberg) -- Our country is
bankrupt. It’s not bankrupt in 30 years or five years. It’s bankrupt today.
Want proof?
Look at President Barack Obama’s 2010 budget. It showed a massive fiscal gap
over the next 75 years, the closure of which requires immediate tax increases,
spending cuts, or some combination totaling 8 percent of gross domestic
product. To put 8 percent of GDP in perspective, this year’s employee and
employer payroll taxes for Social Security and Medicare will amount to just 5
percent of GDP.
Actually, the
picture is much worse. Nothing in economics says we should look out just 75
years when considering the present-value difference between future spending and
future taxes. Over the full long-term, we need an extra 12 percent, not 8
percent, of GDP annually.
Seventy-five
years seems like a long enough time to plan. It’s not. Had the Greenspan
Commission, which “fixed” Social Security back in 1983, focused on the true
long term we wouldn’t be sitting here now with Social Security 26 percent
underfunded. The Social Security trustees, at least, have learned a lesson. The
26 percent figure is based on their infinite horizon fiscal- gap calculation.
But the real
reason we can’t look out just 75 years is that the government’s cash flows (the
difference between its annual taxes and non-interest spending) over any period
of time, including the next 75 years, aren’t well defined. This reflects
economics’ labeling problem. If you use different words to describe the
receipts taken in and paid out each year by the government, you produce
entirely different cash flows and an entirely different fiscal gap measured
over any finite horizon.
Matter of
Language
It’s only the
value of the infinite horizon fiscal gap that is unaffected by the choice of
labels of language. Take this year’s payroll tax contributions. Let’s call
these transfers from workers to Uncle Sam “borrowing” by the government, rather
than “payroll taxes,” since the money will be paid back as future benefits. If
the future payback isn’t in full (equal to principal plus interest), we can
call the difference a “retirement tax.” Presto! With this change of words, our
2011 deficit of about 10 percent of GDP is boosted another five points to 15
percent.
With one set of
words, taxes are higher now and lower latter. With the other set of words, the
opposite is true. But neither set of labels makes more economic sense than the
other or changes what the government takes, on balance, from any person or
business in any given year.
This is no
surprise. The math of economics rules out an absolute measure of the deficit,
just like the math of physics rules out an absolute measure of time.
Bottom Line
The bottom
line, then, is that we need to look at the infinite-horizon fiscal gap not just
for Social Security, but for the entire federal government. That analysis,
based on the Congressional Budget Office’s long-term alternative fiscal
scenario, shows an unfathomable fiscal gap of $202 trillion. And covering this
gap requires coming up with the aforementioned 12 percent of GDP, forever.
If this gives
you the willies, there’s a ready narcotic -- the president’s 2012 budget, which
shows that most of our long- term fiscal problem has miraculously disappeared;
the fiscal gap isn’t 12 percent of annual GDP. Nor is it 8 percent. It’s now
1.8 percent.
This fantastic
improvement in our finances is due, we’re told, primarily to the Independent
Payment Advisory Board. This board, to be established in 2014 (after the next
election, of course) is charged with recommending cuts to Medicare and Medicaid
providers when their costs grow too fast.
Repealing Cuts
We’ve had laws
mandating such cuts for years, and they are routinely repealed. Indeed,
President Obama signed the latest such repeal last June. But rather than laugh
out loud at this cost-control mechanism, the Medicare trustees, three-quarters
of whom were appointed by the president, assume in their 2010 report that these
cuts will be made -- to the dollar. And the 2012 budget cites the report’s
fictional forecast as its authoritative source.
No one takes
the 2010 Medicare trustee report’s long-run projections seriously, least of all
Richard Foster, Medicare’s chief actuary. Foster added this statement to the
end of the report: “The financial projections shown in this report for Medicare
do not represent a reasonable expectation…in either the short range…or the long
range.”
This isn’t the
first administration to conceal our long- term fiscal problem. Back in 1993,
Alice Rivlin, then deputy director of the Office of Management and Budget,
asked me and economists Alan Auerbach and Jagadeesh Gokhale to prepare a
long-term fiscal gap/generational accounting for inclusion in President Bill
Clinton’s 1994 budget.
Politics
Triumphs
We worked for
months on the analysis, but two days before the budget’s release, the study was
excised from the budget. We were shocked, but, in retrospect, the politics are
clear. The Clinton administration wanted to claim it was fiscally prudent and
the study, which showed unofficial debt growing at enormous rates, showed the
opposite.
The fiscal
gap’s next near appearance in a president’s budget was in 2003. Treasury
Secretary Paul O’Neill commissioned Gokhale and Kent Smetters to do the study.
It showed a massive $45 trillion fiscal gap -- not a great basis for pushing
tax cuts or introducing the prescription-drug benefit for seniors, known as
Medicare Part D. O’Neill was ousted on Dec. 6, 2002, and a couple of days later
the fiscal-gap study was discarded.
I’m not sure
whether censoring the fiscal gap is more dishonorable than fudging it. What I
do know is that we can’t assume our problems away and that I expected far
better of this president when I voted for him.
--Editors: James Greiff, Steven
Gittelson’
] Libyan
ruler clings to power as violence escalates (Washington
Post) [ Clings? … As in a tight sweater … or maybe a straight jacket. Wow! Talk
about delusional. ] Regime
opens fire on protesters; Gaddafi calls supporters to arms (Washington
Post) [ Pressure
mounts on Gaddafi (Washington Post) [ That he was always a caricature of
sorts, there is no question. That he’s totally burned out, there’s also no
doubt; though they might argue in his defense that so was failed president
dumbya bush … a point well taken … but look at the consequential pathetic state
of pervasively corrupt, defacto bankrupt america … with the unlit torch passed
to failed president wobama the b (for b*** s***) who pretends, or maybe in his
alternate and fake reality just believes it’s lit. That he’s done, also fait
accomplis, after 41 years … who cares. That he’s insane … now that’s quite
another thing with greater worldwide implications, so, daffy… gadaffy…
duck! Gaddafi vows to maintain hold on power Libyan
strongman says he'll fight 'until the last drop of my blood' (Washington Post) [ His latter wish is the
world’s command. ‘Something there is that doesn’t love a dictator, that wants
them down’ … (Excuse me … I was thinking of walls and ‘Mending Wall’, Robert Frost http://albertpeia.com/RobertFrost.htm ). Libya
Internet Shut Down Amid Protests, Per Multiple Reports [ Once again, as in Egypt, this, the
internet, inherently global in nature is the lynchpin, tampering with or
stifling same marking the end of any regime. Let this be a warning; viz., you
cannot put the genie back in the bottle! 41 years? Gadaffy duck should duck
‘cause he’s done. I mean, look at him, he’s the singular equivalent of the
multiple bushes. He’s totally burnt out (as much or more so than dumbya bush or
mubarack) and quite done! ] Reports have emerged late Friday that Libya appears
to have shut down its Internet due to widespread protests, less than a month
after Egypt did the same. ] With rebels
apparently controlling much of the eastern half of the country, the violence
engulfing Libya is already the worst in more than a month of unrest that has
toppled other regimes.
] He remains defiant even as high-level
defections continue to weaken his government and rebels reportedly seize
control of key swaths of nation. American
evacuees describe 'long ordeal' on ferry (Washington Post) [ I’ve included
this headline here, not for the article’s content but rather for the statement
of one of said evacuees on network television news that he was told by the u.s.
embassy that they’d have to fend for themselves and that they’re on their own.
That is an important aspect of the fact-filled video presentation by Stansberry
and Associates, infra, except that that will be the almost unimaginable
position of the u.s. government when the almost unimaginable but inevitable
happens here in pervasively corrupt, defacto bankrupt america. Don’t forget,
they and their’s have plundered this nation, its treasury, people and have use
each branch of this government to do so. I’ve experienced this first-hand in
having to ‘fend for myself’ in what should have been a simple RICO case owing
to the venality of those self-interested in the process (bribes, cover-up of
crimes, etc. http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) …..
Why your local Hospital could soon shut down (Ad) http://www.stansberryresearch.com/pro/1011PSIENDVD/LPSILC43/PR The instant video from Stansberry and
Associates is so well researched and succinctly presented that I’ve archived
same on my website;
also, because the facts and views presented comport with the facts and views
I’ve presented on my site which not only do I believe to be correct, but are
supported by the unequivocal documented facts. This is a must-view, must-see
that I strongly recommend ! The complete
url (
146 mb – approx. 1 hr. 17 min. )
: http://www.albertpeia.com/stansberrysinvestmentadvisory.flv ]
Why your local Hospital could soon shut down (Ad) http://www.stansberryresearch.com/pro/1011PSIENDVD/LPSILC43/PR [ The instant video from Stansberry and
Associates is so well researched and succinctly presented that I’ve archived
same on my website;
also, because the facts and views presented comport with the facts and views
I’ve presented on my site which not only do I believe to be correct, but are
supported by the unequivocal documented facts. This is a must-view, must-see
that I strongly recommend ! The complete
url (
146 mb – approx. 1 hr. 17 min. )
: http://www.albertpeia.com/stansberrysinvestmentadvisory.flv ]
BOB
PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New
Lows Blodget ‘ Investors have gotten wildly bullish of
late, as the bull market that started in early 2009 keeps driving stocks to new
highs. But the pigs are about to get slaughtered, says Bob Prechter, president
of Elliott Wave
International and editor of the Elliott Wave
Theorist. Prechter still thinks the new bull market is just a cyclical
"retracement" of some of the bear market losses that we've had since
the market crashed in 2008. Prechter expected this retracement to drive
stocks 50% above the market lows, but stocks have since soared 30% higher than
than he expected. So when the day of reckoning comes, Prechter thinks, it
will be even more startling. And Prechter still thinks that stocks will
eventually crash to new bear-market lows (read: below 6,800 on the DOW). What
makes Prechter think this day of reckoning may come sooner rather than later? Sentiment indicators and other technical analysis. Investor bullishness has now gotten so extreme, Prechter says, that it has
exceeded the levels in 2008 before the market crashed. Investors could
still get even more bullish, of course, but eventually they'll pay for this
optimism. And Prechter's not just bearish on
stocks: He thinks oil, silver, and other commodities are absurdly overvalued,
too. The only thing he's bullish on is the dollar. And lest he be
dismissed as a perma-bear, Bob Prechter is quick to add that he hopes there
will come a day when he can come on the show and tell everyone that stocks are
finally so crushed and hated that it's a historic opportunity to buy
them. When will that be? Stay tuned...’
Looking Like A Good Time To Sell Into Strength - Harding ‘Many
important global stock markets, including China, Brazil, India and Hong Kong,
have been in fairly significant corrections since November, down between 12%
and 17%. Their major concerns have been rising inflation and the resulting
monetary tightening by their central banks to combat the inflationary
pressures.
21
Signs That The Once Great U.S. Economy Is Being Gutted, Neutered, Defanged,
Declawed And Deindustrialized Once upon a time… The Economic Collapse Feb 12, 2011 ‘Once upon a time, the United
States was the greatest industrial powerhouse that the world has ever
seen. Our immense economic machinery was the envy of the rest of the
globe and it provided the foundation for the largest and most vibrant middle
class in the history of the world. But now the once great U.S. economic
machine is being dismantled piece by piece. The U.S. economy is being
gutted, neutered, defanged, declawed and deindustrialized and very few of our
leaders even seem to care. It was the United States that once showed the
rest of the world how to mass produce televisions and automobiles and airplanes
and computers, but now our industrial base is being ripped to shreds.
Tens of thousands of our factories and millions of our jobs have been shipped
overseas. Many of our proudest manufacturing cities have been transformed
into “post-industrial” hellholes that nobody wants to live in anymore.
Meanwhile, wave after wave of shiny new factories is
going up in nations such as China, India and Brazil. This is great for
those countries, but for the millions of American workers that desperately
needed the jobs that have been sent overseas it is not so great.
This is the legacy of globalism. Multinational
corporations now have the choice whether to hire U.S. workers or to hire
workers in countries where it is legal to pay slave labor wages. The
“great sucking sound” that Ross Perot warned us about so long ago is actually
happening, and it has left tens of millions of Americans without good jobs.
So what is to become of a nation that consumes more than
it ever has and yet continues to produce less and less?
Well, the greatest debt binge in the history of the world
has enabled us to maintain (and even increase) our standard of living for
several decades, but all of that debt is starting to really catch up with us.
The American people seem to be very confused about what
is happening to us because most of them thought that the party was going to
last forever. In fact, most of them still seem convinced that our
brightest economic days are still ahead.
After all, every time we have had a “recession” in the
past things have always turned around and we have gone on to even greater
things, right?
Well, what most Americans simply fail to understand is
that we are like a car that is having its insides ripped right out. Our
industrial base is being gutted right in front of our eyes.
Most Americans don’t think much about our “trade
deficit”, but it is absolutely central to what is happening to our
economy. Every year, we buy far, far more from the rest of the world than
they buy from us.
In 2010, the U.S. trade deficit was just a whisker under
$500 billion. This is money that we could have all spent inside the
United States that would have supported thousands of American factories and
millions of American jobs.
Instead, we sent all of those hundreds of billions of
dollars overseas in exchange for a big pile of stuff that we greedily
consumed. Most of that stuff we probably didn’t need anyway.
Since we spent almost $500 billion more with the rest of
the world than they spent with us, at the end of the year the rest of the world
was $500 billion wealthier and the American people were collectively $500
billion poorer.
That means that the collective “economic pie” that we are
all dividing up is now $500 billion smaller.
Are you starting to understand why times suddenly seem so
“hard” in the United States?
Meanwhile, jobs and businesses continue to fly out of the
United States at a blinding pace.
This is a national crisis.
We simply cannot expect to continue to have a “great
economy” if we allow our economy to be deindustrialized.
A nation that consumes far more than it produces is not
going to be wealthy for long.
The following are 21 signs that the once great U.S.
economy is being gutted, neutered, defanged, declawed and
deindustrialized….
#1 The U.S. trade
deficit with the rest of the world rose to 497.8
billion dollars in 2010. That represented a 32.8% increase from
2009.
#2 The U.S. trade
deficit with China rose to an all-time record of 273.1
billion dollars in 2010. This is the largest trade deficit that
one nation has had with another nation in the history of the world.
#3 The U.S. trade
deficit with China in 2010 was 27 times
larger than it was back in 1990.
#4 In the years
since 1975, the United States had run a total trade deficit of
7.5 trillion dollars with the rest of the world.
#5 The United
States spends more
than 4 dollars on goods and services from China for every one dollar
that China spends on goods and services from the United States.
#6 In 1959,
manufacturing represented 28 percent of all U.S. economic
output. In 2008, it represented only 11.5 percent and it continues to
fall.
#7 The number of
net jobs gained by the U.S. economy during this past decade was smaller than during any other
decade since World War 2.
#8 The Bureau of
Labor Statistics originally predicted that the U.S. economy would create
approximately 22 million jobs during the decade of the 2000s, but it turns out
that the U.S. economy only produced about 7 million jobs during that
time period.
#9 Japan now
manufactures about 5 million more
automobiles than the United States does.
#10 China has now
become the world’s largest
exporter of high technology products.
#11 Manufacturing
employment in the U.S. computer industry is actually lower in 2010 than
it was in 1975 .
#12 The United
States now has 10 percent fewer “middle class jobs” than it did
just ten years ago.
#13 According to Tax Notes,
between 1999 and 2008 employment at the foreign affiliates of U.S.
parent companies increased an astounding 30 percent to 10.1 million.
During that exact same time period, U.S. employment at American multinational
corporations declined 8 percent to 21.1 million.
#14 Back in 1970,
25 percent of all jobs in the United States were manufacturing jobs.
Today, only 9 percent of the jobs in
the United States are manufacturing jobs.
#15 Back in 1998,
the United States had 25 percent of the world’s high-tech export market and
China had just 10 percent. Ten years later, the United States had less than 15
percent and China’s share had soared to 20 percent .
#16 The number of
Americans that have become so discouraged that they have given up searching for
work completely now stands at an all-time high .
#17 Half of all
American workers now earn $505 or less per week.
#18 The United States
has lost a staggering 32 percent of its
manufacturing jobs since the year 2000.
#19 Since
2001, over 42,000 U.S. factories have closed
down for good.
#20 In 2008, 1.2
billion cellphones were sold worldwide. So how many of them were
manufactured inside the United States? Zero .
#21 Ten years ago,
the “employment rate” in the United States was about 64% . Since then it has been
constantly declining and now the “employment rate” in the United States is only about 58% . So where did all of those
jobs go?
The world is changing.
We are bleeding national wealth at a pace that is almost
unimaginable.
We are literally being drained dry.
Did you know that
China now has the world’s fastest train and the world’s largest high-speed rail
network?
They were able to afford those things with all of the
money that we have been sending them.
How do you think all of those oil barons in the Middle
East became so wealthy and could build such opulent palaces?
They got rich off of all the money that we have been
sending them.
Meanwhile, once great U.S. cities such as Detroit,
Michigan now look like war zones.
Back in 1985, the U.S. trade deficit with China was about
6 million dollars for the entire year.
As mentioned above, the U.S. trade deficit with China for
2010 was over 273 billion dollars.
What a difference 25 years can make, eh?
What do you find when you go into a Wal-Mart, a Target or
a dollar store today?
You find row after row after row of stuff made in China
and in other far away countries.
It can be more than a bit difficult to find things that are
actually made inside the United States anymore. In fact, there are quite
a few industries that have completely and totally left the United States.
For certain product categories it is now literally impossible to buy something
made in America.
So what are we going to do with our tens of millions of
blue collar workers?
Should we just tell them that their jobs are not ever
coming back so they better learn phrases such as “Welcome to Wal-Mart” and
“Would you like fries with that”?
For quite a few years, the gigantic debt bubble that we
were living in kind of insulated us from feeling the effects of the
deindustrialization of America.
But now the pain is starting to kick in.
It has now become soul-crushingly
difficult to find a job in America today.
According
to Gallup , the U.S. unemployment rate is currently 10.1% and when you throw in
“underemployed” workers that figure rises to 19.6%.
Competition for jobs has become incredibly fierce and it
is going to stay that way.
The great U.S. economic machine is being ripped apart and
dismantled right in full view of us all.
This is not a “conservative” issue or a “liberal”
issue. This is an American issue.
The United States is rapidly being turned into a
“post-industrial” wasteland.
It is time to wake up America.’
This is that unmentionable reality as I alluded to
earlier on close scrutiny of the data, ‘that stock prices have been manipulated
to the upside beyond any and all rational basis‘ and as I previously wrote: Perception vs. Reality: Four Reasons to Remain Cautious on U.S.
Equities [ Hey, Abbott … That’s Lou
Costello calling him from the other side … Wake up! … Just kidding … but I’m not
kidding when I say that contrary to Abbott’s view, infra, if you’re not a
successful market timer you should rethink your position as an equity investor.
Moreover, in contradistinction to Mr. Abbott’s implication, if you’re not a
successful speculator (there are very few), you should rethink your position as
a short seller: reason…, you could be wiped out, lose more than your principal,
forced to cover (that’s why the same is considered a contrary market
indicator, particularly in these manipulated, contrived markets). When I did my
MBA thesis (1977, NYU, GBA, Eve.Prog., Finance), a review of the data revealed
even then (and much more so now with computer programmed market manipulation)
that the market remained biased / propped up (artificially, especially now with
computerized manipulation) to the upside for far longer periods of time than
for the downside which meant that dollar-cost averaging (through regular,
periodic investment, for example), meant you were accumulating shares at higher
prices generally for longer periods of time skewing the average cost to the
upside (dollar-cost-averaging in declining markets was ok if analysis /
forecast saw resurgence based on fundamentals - now absent – which is timing,
as even senile wall street / gov’t shill Buffet would attest, that ‘greedy when
others are fearful thing’). Abbott discusses perception which is the
psychological factor involved in security evaluation / analysis; but investors
need not and should become nuts themselves, particularly when as now, the
inmates are running the asylum. ] Abbott ‘Perception determines short-term
market movements. The difference between perception and reality determines the
direction of major market trends. Though I generally try to avoid making macro
prognostications, I believe bottom-up analysis can be informative about the
current level of stock prices. I want to share what my recent work tells me
about where stocks are (and where they might be headed). I will outline some
various nuggets of collective wisdom that are taken for granted right now by
stock bulls, and I will attempt to demonstrate how reality is likely to differ
from these perceptions.
First, a disclaimer. This is not a market timing call. At
all times, I stay away from market timing predictions. I think that's a loser's
game in the long run. Even if I'm correct about the discrepancies between the
following perceptions and realities, there's no saying when people will change
their minds or shift their focuses. That said, let's dive in.
Perception vs. Reality #1 Perception: Low Interest Rates, Questionable Bond Outlook Means Stocks are
Attractive Reality: Interest Rates Are Being Artificially and Deliberately
Manipulated
It's no secret that the Federal Reserve's low interest
rate policy and quantitative easing efforts have held interest rates very low
for very long. However, when people talk about stock market implications of
bond yields, they rarely mention the fact that bond yields are artificially low. In an
unmanipulated market, bond prices and stock valuations should be related, but I
regard that connection as highly dubious right now. Investors who say that
stocks deserve higher multiples (lower earnings yields) because bond yields are
so low may well be setting themselves up for disappointing returns/frustrating
losses when bond prices normalize. Again, this isn't a market timing call, and
yields may remain low for quite some time. But, eventually this discrepancy
will correct itself, and stock performance is likely to suffer at that time.
Perception vs. Reality #2 Perception: Earnings Growth Has Been Strong and Will Remain That Way Reality: Top-Line Growth Will Have to Pick Up; Cost-Cutting has Run Its
Course
Earnings growth has certainly been robust, but much of
the strength has come from companies running lean cost structures and wringing
as much efficiency as possible out of their employees and their assets. Though
the recession has ended, the economy is not yet healthy enough to fuel strong
sales growth. Companies can only boost profits by cutting costs and increasing
productivity for so long. Therefore, top-line growth will have to play a larger
role going forward than it has over the past 4-6 quarters. Whether or not
economic growth is strong enough to drive revenue increases is unsure, but the
current level of stock prices undoubtedly assumes it is. Any stagnation of the
recovery and concomitant sluggish sales will likely hit stock prices.
Perception vs. Reality #3 Perception: European Debt Crisis Drives Short-Term Volatility, but It's
Not a Long-Term Concern Reality: Crisis May Be a Harbinger of What's to Come in the U.S. if
States, the Feds Don't Improve Balance Sheets
So far, turmoil in Greece and Ireland has served only as
a temporary headwind to U.S. stocks. In keeping with the investment world's increasingly
short-term focus, people seem more concerned with what fiscal crises in Europe
mean for U.S. stocks over the coming days and months than with what they might
mean down the road. I believe that this interpretation misses the mark. Since
the U.S. fiscal situtation is generally considered to be stronger than that in
many European countries, U.S. federal and municipal debt issuance has been
relatively smooth, and interest rates have only risen modestly. If the U.S.
doesn't get serious about its fiscal woes, eventually the crisis will arrive on
American shores. There's no way of telling when this might happen, but the
current level of stock prices seems to imply that it never will.
Here's the problem with that. To fix the federal balance
sheet and/or to improve state and municipal balance sheets, legislators will
have to raise taxes and/or cut spending. Tax hikes and spending cuts both
reduce consumer spending. This hurts growth. There's no way around this. Stocks
can certainly continue to rise for some time, but austerity will be bearish
if/when it comes. If it doesn't come, we're in for a much bigger crisis some
time down the road.
Perception vs. Reality #4 Perception: Everywhere You Look, You See Good Companies at Cheap Prices Reality: It's Hard to Find Genuine Bargains, but There are Intriguing
Short Prospects Everywhere
There is no shortage of stock market commentators who
claim that they see bargains everywhere they look. Perhaps I'm not looking in
the right places, but I've been having a difficult and increasingly impossible
time finding good companies at reasonable prices. I use similar criteria to
assess long and short investments, and I find intriguing shorts in lots of
sectors right now. This tells me that valuations are stretched. Certainly they
can become more so before we get a selloff, but every day that stocks rally,
they get more expensive.
I've written on Seeking
Alpha about a number of stocks which I regard as expensive ( CRM , OPEN , GMCR ), and take my
word for it: there are plenty more than these whose shares I do not want to own
at present levels. A few weeks ago, I also mused about the Facebook-Goldman
deal and argued that this valuation is indicative of excessive investor
enthusiasm. Bargains are hard to find, and as valuations go up, so does
positive sentiment. While this is not a prediction of an impending correction
or bear market, it is a message of caution for people who think stocks are
cheap right now.
All that said, I always try to consider both sides of any
investment issue, and there are some reasons for optimism. Job growth has shown
signs of improvement, and some economic data have been increasingly (though not
uniformly) positive. The Federal Reserve remains accommodative, and I'm
skeptical about whether or not there is political will for austerity. For these
reasons, stocks could continue onward and upward. That said, I see too many
reasons for caution, and investors are turning a blind eye to these concerns as
their complacency rises.’
12
Economic Collapse Scenarios That We Could Potentially See In 2011 What could
cause an economic collapse in 2011? Well, unfortunately there are quite a few
“nightmare scenarios” that could plunge the entire globe into another massive
financial crisis. The Economic Collapse Jan 20, 2011
‘What could cause an economic collapse in 2011? Well, unfortunately there are
quite a few “nightmare scenarios” that could plunge the entire globe into
another massive financial crisis. The United States, Japan and most of
the nations in Europe are absolutely drowning in debt. The Federal
Reserve continues to play reckless games with the U.S. dollar. The price
of oil is skyrocketing and the global price of food just hit a new record high.
Food riots are already breaking out all over the world. Meanwhile, the
rampant fraud and corruption going on in world financial markets is starting to
be exposed and the whole house of cards could come crashing down at any
time. Most Americans have no idea that a horrific economic collapse could
happen at literally any time. There is no way that all of this debt and
all of this financial corruption is sustainable. At some point we are
going to reach a moment of “total system failure”.
So will it be soon? Let’s hope not. Let’s
certainly hope that it does not happen in 2011. Many of us need more time
to prepare. Most of our families and friends need more time to
prepare. Once this thing implodes there isn’t going to be an opportunity
to have a “do over”. We simply will not be able to put the toothpaste
back into the tube again.
So we had all better be getting prepared for hard
times. The following are 12 economic collapse scenarios that we could
potentially see in 2011….
#1 U.S. debt
could become a massive crisis at any moment. China is saying all of the
right things at the moment, but many analysts are openly worried about what
could happen if China suddenly
decides to start dumping all of the U.S. debt that they have accumulated.
Right now about the only thing keeping U.S. government finances going is the
ability to borrow gigantic amounts of money at extremely low interest
rates. If anything upsets that paradigm, it could potentially have
enormous consequences for the entire world financial system.
#2 Speaking of
threats to the global financial system, it turns out that “quantitative easing
2″ has had the exact opposite effect that Ben Bernanke planned for it to
have. Bernanke insisted that the main goal of QE2 was to lower interest
rates, but instead all it has done is cause interest rates to go up substantially . If
Bernanke this incompetent or is he trying to mess everything up on purpose?
#3 The debt
bubble that the entire global economy is based on could burst at any time and
throw the whole planet into chaos. According
to a new report from the World Economic Forum , the total amount of credit in
the world increased from $57 trillion in 2000 to $109 trillion in 2009.
The WEF says that now the world is going to need another $100 trillion in
credit to support projected “economic growth” over the next decade. So is
this how the new “global economy” works? We just keep doubling the total
amount of debt every decade?
#4 As the U.S.
government and the Federal Reserve continue to pump massive amounts of new
dollars into the system, the floor could fall out from underneath the U.S.
dollar at any time. The truth is that we are already starting to see
inflation really accelerate and everyone pretty much acknowledges that official
U.S. governments figures for inflation are an absolute joke. According
to one new study , the cost of college tuition has risen 286% over the
last 20 years, and the cost of “hospital, nursing-home and adult-day-care
services” rose 269% during those same two decades. All of this happened
during a period of supposedly “low” inflation. So what are price
increases going to look like when we actually have “high” inflation?
#5 One of the
primary drivers of global inflation during 2011 could be the price of
oil. A large number of economists are now projecting that the price of
oil could surge well
past $100 dollars a barrel in 2011. If that happens, it is going to put
significant pressure on the price of almost everything else in the entire
global economy. In fact, as
I have explained previously , the higher the price of oil goes, the
faster the U.S. economy will decline.
#6 Food inflation
is already so bad in some areas of the globe that it is setting off massive food riots in nations
such as Tunisia and Algeria. In fact, there have been reports of people
setting themselves on fire all
over the Middle East as a way to draw attention to how desperate they
are. So what is going to happen if global food prices go up another 10 or
20 percent and food riots spread literally all over the globe during 2011?
#7 There are persistent
rumors that simply will
not go away of massive physical gold and silver shortages.
Demand for precious metals has never been higher. So what is going to
happen when many investors begin to absolutely insist on physical delivery of
their precious metals? What is going to happen when the fact that far,
far, far more “paper gold” and “paper silver” has been sold than has ever
actually physically existed in the history of the planet starts to come
out? What would that do to the price of gold and silver?
#8 The U.S.
housing industry could plunge the U.S. economy into another recession at any
time. The real estate market is absolutely flooded with homes and
virtually nobody is buying. This massive oversupply of homes means that
the construction of new homes has fallen off a cliff. In 2010, only
703,000 single family, multi-family and manufactured homes were completed.
This was a new record low, and it was down 17% from the previous all-time
record which had just been set in 2009.
#9 A combination
of extreme weather and disease could make this an absolutely brutal year for
U.S. farmers. This winter we have already seen thousands of new cold
weather and snowfall records set across the United States. Now there is
some very disturbing news emerging out of Florida of an “incurable
bacteria” that is ravaging citrus crops all over Florida. Is there a reason
why so many bad things are happening all of a sudden?
#10 The municipal
bond crisis could go “supernova” at any time. Already, investors are
bailing out of bonds at a frightening pace. State and local government
debt is now sitting at an all-time high of 22
percent of U.S. GDP. According to Meredith Whitney, the municipal bond
crisis that we are facing is a gigantic threat to our financial system….
“It has tentacles as wide as anything I’ve seen. I think
next to housing this is the single most important issue in the United States
and certainly the largest threat to the U.S. economy.”
Former Los
Angeles mayor Richard Riordan is convinced that things are so bad that
literally 90% of our states and cities could go bankrupt over the next five
years….
#11 Of course on
top of everything else, the quadrillion dollar derivatives bubble could burst
at any time. Right now we are watching the greatest financial
casino in the history of the globe spin around and around and around and
everyone is hoping that at some point it doesn’t stop. Today, most money
on Wall Street is not made by investing in good business ideas. Rather,
most money on Wall Street is now made by making the best bets.
Unfortunately, at some point the casino is going to come crashing down and the
game will be over.
#12 The biggest
wildcard of all is war. The Korean peninsula came closer to war in 2010
than it had in decades. The Middle East could literally explode at any
time. We live in a world where a single weapon can take out an entire
city in an instant. All it would take is a mid-size war or a couple of
weapons of mass destruction to throw the entire global economy into absolute
turmoil.
Once again, let us hope that none of these economic
collapse scenarios happens in 2011.
However, we have got to realize that we can’t keep
dodging these bullets forever.
As bad as 2010 was, the truth is that it went about as
good as any of us could have hoped. Things are still pretty stable and
times are still pretty good right now.
But instead of using these times to “party”, we should be
using them to prepare.
A really, really vicious economic storm is coming and it
is going to be a complete and total nightmare. Get ready, hold on tight,
and say your prayers.’
Poor
Recovery: The Problem Is Institutional [ Well it’s true that the problem is institutional as in pervasively
corrupt, incompetent, nonproductive in real terms relative to their cost /
damage (still no pros on the wall street fraud which is ongoing in terms of the
last crisis, the worthless paper marked to anything, and the current bubble
fraud that’s high-frequency computerized churn-and-earn high-frequency
commissioned / sold into, 360 tons of $100 bills disappear in Iraq, etc.. What
do they get paid for?) ( Peter
Schiff: Washington a parasite to economy ‘ US foreclosures hit record
highs in 2010, but that may not be the worst of it. 2011 may be even worse.
Meanwhile, JP Morgan Chase exceeded market expectations, announcing a 47% rise
in quarterly profits and released details on a $28.1 billion pay and bonus
pool. Peter Schiff, the President of Euro Pacific Capital said Washington and
Wall Street are becoming one force and are sucking the underlying American dry
like a parasite’ .); but the problem is
structural, as in transfer of jobs, industries, etc. (among the sources of the
huge over-compensation to wall street, company executives), never to return in
any meaningful sense; and as in the defacto bankruptcy of the nation with
insurmountable record debt / deficits or stated another way, broke. Unlike in
the past, once beyond the propaganda, rhetoric, and smoke and mirrors /
obfuscation, there is no prospective way for america to grow its way out, nor
are there funds in real money with which to do it. Quite simply, america’s
broke / bankrupt in every which way. ]
Loundsbury ‘Harold Meyerson, Op Ed Columnist at The Washington Post , has hit the nail right on the head, in the opinion of GEI . Meyerson says
the debate about whether the recession and poor recovery is a cyclical problem
or a structural problem is misguided. He says the problem is institutional - -
- and is he ever right! In a column last week, Myerson points out that the
devastation of The Great Recession has fallen disproportionately on the blue
collar population, those without a college degree. And he traces the rolling
over of median family income in this century, not just in the downturn, but
since the turn of the century. Even at the peak, in 2007, median family income
was less than in 2000.
What Meyerson doesn't point out is that average incomes
have faired better in the 21st century and in all of the past 50 years. In
fact, average family income has risen more than 2.5 times as much and median
income over the last 30 years. Why is this important? Because the more there is
a fat tail of ever higher incomes for a few, the greater the difference between
average and median income becomes.
Myerson says:
The great
sociologist William
Julius Wilson has long argued that the key to the
unraveling of the lives of the African American poor was the decline in the
number of "marriageable males" as work disappeared from the inner
city. Much the same could now be said of working-class whites in neighborhoods
that may not look like the ghettos of Cleveland or Detroit but in which
productive economic activity is increasingly hard to find.
This grim new
reality has yet to inform our debate over how to come back from this
mega-recession. Those who believe our downturn is cyclical argue that
job-creating public spending can restore us to prosperity, while those who
believe it's structural - that we have too many carpenters, say, and not enough
nurses - believe that we should leave things be while American workers acquire
new skills and enter different lines of work. But there's a third way to look
at the recession: that it's institutional, that it's the consequence of the
decisions by leading banks and corporations to stop investing in the
job-creating enterprises that were the key to broadly shared prosperity.
Since Meyerson
has chosen income disparity as a cornerstone of his argument, let's look at how
incomes have grown over the last 50 years. These are shown in the following
graph, not adjusted for inflation.
click to
enlarge images [chart]
Real median
income and average income seem to grow similarly in the 1950s and 1960s, the
growth of average income starts to pull away in the mid-1960s and appears to
continue to gain gound for the the next 40+ years. The more average income
deviates from median income the more money is found in the high income tail on
the distribution curve. This is often called a "fat tail", which is
very appropriate in this discussion because that is where the fat cats are. The
fat tail has not gotten so because ten times as many people equaled the incomes
of the former fat cats, but more because a few fat cats have received 10 times
the income. This is exemplified by the often quoted statistic that average CEO
salaries were 40x average worker pay 50 years ago and today are more like 400x.
The change
income distribution that seems to be appearing in the above graph becomes more
apparent in the following graph where real income gains are shown for the last
six decades starting with the ten years from 1949 - 1959 (the 1950s) and ending
with 1999 - 2009 (the 2000s). [chart]
The 1950s and
60s were real boom years. Starting with the 1970s a lower level of income
growth was established, but even that lower level could not be maintained in
the 2000s.
After the 1950s
every decade has seen average real income grow more than the median. The fat
tail has gotten fatter over the past half century in every decade, without
exception. Yes the average did decline in the 2000s, but the median declined
76% more!
The most
dramatic pattern of change is evident when the data is divided into two halves:
1949 to 1979 and 1979 - 2009. This is done in the following graph: [chart]
For thirty
years after World War II the wealth of the country increased in a balanced
manner. The average income containing the greater contribution from the top
earners of the day, grew at a rate very similar to the income growth of the
broader population, represented by the median.
Yes there were
"fat cats" and they had significantly larger incomes than the bulk of
the population. And these top incomes grew over those three decades, but at
almost the same rate as the majority of the populace.
Then something
happened. From 1979-2009 it appears that the American pie suddenly got smaller.
In the later three decades the real median income growth was less than 10% of
the rate seen from 1949 to 1979. And as the pie got smaller, the fat cats took
a much larger share. The average income grew at a rate 254% that of the median
income. You might say that, as the cow gave less milk, the top of the economic
ladder skimmed more and more cream off the top.
Meyerson
identifies the force majuere to be corporate America:
Our
multinational companies still invest, of course - just not at home. A study by
the Business
Roundtable and the U.S. Council Foundation found that the
share of the profits of U.S.-based multinationals that came from their foreign
affiliates had increased from 17 percent in 1977 and 27 percent in 1994 to 48.6
percent in 2006. As the companies' revenue from abroad has increased, their
dependence on American consumers has diminished. The equilibrium among
production, wages and purchasing power - the equilibrium that Henry Ford
famously recognized when he upped his workers' pay to an unheard-of $5 a day in
1913 so they could afford to buy the cars they made, the equilibrium that
became the model for 20th-century American capitalism - has been shattered.
Making and selling their goods abroad, U.S. multinationals can slash their
workforces and reduce their wages at home while retaining their revenue and
increasing their profits. And that's exactly what they've done.
Meyerson
doesn't get into some of the other areas that might be brought to bear on the
current condition of the American economy:
He doesn't
address the fact that the U.S. ranks below some third world countries in
education. He doesn't
discuss the increasing burden of health care, both because costs have been
running out of control and because an ever increasing portion of the
population is kept from making the contribution they might have otherwise
because of poor health. He doesn't
discuss the capture of much potential domestic capital by financial
engineers who find it much easier to get rich in a rigged casino than to
make money the old fashioned way.
Part of the
problem is that Americans have fallen into the way of the easiest path, where,
either by credit card or by making quick trades, the desires of the moment are
satisfied with no seemingly current cost.
It seems that
few want to think about the needs of tomorrow. This is true starting with the
masses who kiss off the idea of working hard in school to prepare for what they
will need 20 years down the road. This is also true of the
"capitalist" who finds that skimming a few percent off each of many
deals a year to get quick, large quarterly returns is much easier than
investing and building something that will will make much larger returns
extending over decades and producing things of real economic utility.
There are a
number of things that Meyerson does not address, but if you want to hit one
nail at a time, I think he has picked the baddest nail in the plank. He
finishes his column thusly:
Our economic
woes, then, are not simply cyclical or structural. They are also - chiefly - institutional,
the consequence of U.S. corporate behavior that has plunged us into a downward
cycle of underinvestment, underemployment and under-consumption. Our solutions
must be similarly institutional, requiring, for starters, the seating of public
and worker representatives on corporate boards. Short of that, there will be no
real prospects for reversing America's downward mobility.
If we were to
address all the other issues I mentioned previously and did not address the
institutional problem Meterson has identified, we would not ultimately solve
our economic puzzle.’
20
Shocking New Economic Records That Were Set In 2010 2010 was quite
a year, wasn’t it? 2010 will be remembered for a lot of things, but for those
living in the United States, one of the main things that last year will be
remembered for is economic decline… The Economic Collapse Jan 14,
2011 ‘2010 was quite a year, wasn’t
it? 2010 will be remembered for a lot of things, but for those living in
the United States, one of the main things that last year will be remembered for
is economic decline. The number of foreclosure filings set a new record,
the number of home repossessions set a new record, the number of bankruptcies
went up again, the number of Americans that became so discouraged that they
simply quit looking for work reached a new all-time high and the number of
Americans on food stamps kept setting a brand new record every single
month. Meanwhile, U.S. government debt reached record highs, state
government debt reached record highs and local government debt reached record
highs. What a mess! In fact, even many of the “good” economic
records that were set during 2010 were indications of underlying economic
weakness. For example, the price of gold set an all-time record during
2010, but one of the primary reasons for the increase in the price of gold was
that the U.S. dollar was rapidly losing value. Most Americans had been
hoping that 2010 would be the beginning of better times, but unfortunately
economic conditions just kept getting worse.
So will things improve in 2011? That would be nice,
but at this point there are not a whole lot of reasons to be optimistic about
the economy. The truth is that we are trapped in a period of long-term
economic decline and we are now paying the price for decades of horrible
decisions.
Amazingly, many of our politicians and many in the
mainstream media have declared that “the recession is over” and that the U.S.
economy is steadily improving now.
Well, if anyone tries to tell you that the economy got
better in 2010, just show them the statistics below. That should shut
them up for a while.
The following are 20 new economic records that were set
during 2010….
#1 An all-time
record of 2.87
million U.S. households received a foreclosure filing in 2010.
#2 The number of
homes that were actually repossessed reached
the 1 million mark for the first time ever during 2010.
#3 The price of
gold moved above $1400 an ounce for the first time ever during 2010.
#4 According to
the American Bankruptcy Institute, approximately 1.53 million consumer
bankruptcy petitions were filed in 2010, which was up 9 percent from 1.41
million in 2009. This was the highest number of personal bankruptcies we
have seen since the U.S. Congress substantially tightened U.S. bankruptcy law
several years ago.
#5 At one point
during 2010, the average time needed to find a job in the United States had
risen to an all-time record of 35.2 weeks .
#6 Back in 1970,
25 percent of all jobs in the United States were manufacturing jobs. Today, only 9 percent of the jobs in
the United States are manufacturing jobs, which is believed to be a new record
low.
#7 The number of
Americans working part-time jobs “for economic reasons” was the highest it has
been in at least five decades during 2010.
#8 The number of
American workers that are so discouraged that they have given up searching for
work reached an all-time high near the end of 2010.
#9 Government spending
continues to set new all-time records. In fact, at the moment the U.S.
government is spending approximately 6.85 million
dollars every single minute.
#10 The number of
Americans on food stamps surpassed
43 million by the end of 2010. This was a new all-time
record, and government officials fully expect the number of Americans enrolled
in the program to continue to increase throughout 2011.
#11 The number of
Americans on Medicaid surpassed 50 million for the first
time ever in 2010.
#12 The U.S.
Census Bureau originally announced that 43.6 million Americans are now living
in poverty and according to them that was the highest number of Americans
living in poverty that they had ever recorded in 51 years of
record-keeping . But now the Census Bureau says that they
miscalculated and that the real number of poor Americans is actually 47.8 million .
#13 According to
the FDIC, 157
banks failed during 2010. That was the highest number of bank failures
that the United States has experienced in any single year during the past
decade.
#14 The Federal
Reserve brought in a record $80.9 billion in profits
during 2010. They returned $78.4 billion of that to the U.S. Treasury,
but the real story is that thanks to the Federal Reserve’s continual debasement
of our currency, the U.S. dollar was
worth less in 2010 than it ever had been before.
#15 It is
projected that the major financial firms on Wall Street will pay out an
all-time record of $144 billion in
compensation for 2010.
#16 Americans now
owe more than $881 billion on student
loans, which is a new all-time record.
#17 In July, sales
of new homes in the United States declined to the lowest level
ever recorded .
#18 According to
Zillow, U.S. housing prices have now declined a
whopping 26 percent since their peak in June 2006. Amazingly, this is
even farther than house prices fell during the Great Depression. From
1928 to 1933, U.S. housing prices only fell 25.9 percent.
#19 State and
local government debt reached at an all-time record of 22 percent of U.S. GDP during 2010.
#20 The U.S.
national debt has surpassed the 14 trillion
dollar mark for the first time ever and it is being projected that
it will soar well past 15 trillion during 2011.
There are some people that have a hard time really
grasping what statistics actually mean. For people like that, often
pictures and charts are much more effective. Well, that is one reason I
like to include pictures and graphs in many of my articles, and below I have
posted my favorite chart from this past year. It shows the growth of the
U.S. national debt from 1940 until today. I honestly don’t know how
anyone can look at this chart and still be convinced that our nation is not
headed for a complete financial meltdown…. [chart]
14 Eye Opening Statistics Which Reveal Just How
Dramatically The U.S. Economy Has Collapsed Since 2007 Most Americans
have become so accustomed to the “new normal” of continual economic decline
that they don’t even remember how good things were just a few short years ago.
‘ The
Economic Collapse Jan 10, 2011
Sadly, our economic situation is continually getting worse.
Every month the United States loses more factories. Every month the
United States loses more jobs. Every month the collective wealth of U.S.
citizens continues to decline. Every month the federal government goes
into even more debt. Every month state and local governments go into even
more debt.
Unfortunately, things are going to get even worse in the
years ahead. Right now we look back on 2005, 2006 and 2007 as “good
times”, but in a few years we will look back on 2010 and 2011 as “good times”.
We are in the midst of a long-term economic decline, and
the very bad economic choices that we have been making as a nation for decades
are now starting to really catch up with us.
So as horrible as you may think that things are now, just
keep in mind that things are going to continue to deteriorate in the years
ahead.
But for the moment, let us remember how far we have
fallen over the past few years. The following are 14 eye opening
statistics which reveal just how dramatically the U.S. economy has collapsed
since 2007….
#1 In November 2007, the official U.S.
unemployment rate was just 4.7 percent. Today, the official U.S.
unemployment rate is 9.4 percent .
#2 In November 2007, 18.8% of
unemployed Americans had been out of work for 27 weeks or longer. Today
that percentage is up to 41.9% .
#3 As 2007 began, there were just over
1 million Americans that had been unemployed for half a year or longer.
Today, there are over
6 million Americans that have been unemployed for half a year or longer.
#4 Nearly 10 million Americans now
receive unemployment insurance, which is
almost four times as many as were receiving it back
in 2007.
#5 More than half of the U.S. labor
force ( 55 percent ) has “suffered a spell of
unemployment, a cut in pay, a reduction in hours or have become involuntary
part-time workers” since the “recession” began in December 2007.
#6 According to one analysis, the
United States has lost a total of approximately
10.5 million jobs since 2007.
#7 As 2007 began, only 26 million
Americans were on food stamps. Today, an all-time record of 43.2 million Americans are enrolled in
the food stamp program.
#8 In 2007, the U.S. government held a
total of $725 billion in mortgage debt. As of the middle of 2010, the
U.S. government held a total of $5.148 trillion in mortgage debt.
#9 In the year prior to the “official”
beginning of the most recent recession in 2007, the IRS filed just 684,000 tax
liens against U.S. taxpayers. During 2010, the IRS filed over a million tax liens against U.S.
taxpayers.
#10 From the year 2000 through the year
2007, there were 27 bank failures in the United States. From 2008 through
2010, there were 314 bank failures in the United
States.
#11 According to the U.S. Department of
Housing and Urban Development, the number of U.S. families with children living
in homeless shelters increased from 131,000 to 170,000 between 2007 and
2009.
#12 In 2007, one poll found that 43
percent of Americans were living “paycheck to paycheck”. Sadly, according
to a survey released very close to the end of 2010, approximately 55 percent of all Americans
are now living paycheck to paycheck.
#13 In 2007, the “official” federal
budget deficit was just 161 billion dollars. In 2010, the “official”
federal budget deficit was approximately 1.3 trillion dollars .
#14 As 2007 began, the U.S. national
debt was just under 8.7 trillion dollars. Today, the U.S. national
debt has just surpassed 14 trillion dollars and it continues
to soar into the stratosphere.
So is there any hope that we can turn all of this around?
Unfortunately, the massive amount of debt that we have
piled up as a society over the last several decades has made that impossible.
If you add up all forms of debt (government debt,
business debt, individual debt), it comes to approximately 360 percent of
GDP. It is the biggest debt bubble in the history of the world.
If the federal government and our state governments stop
borrowing and spending so much money, our economy would collapse. But if
they keep borrowing and spending so much money they will continually make the
eventual economic collapse even worse .
We are in the terminal stages of the most horrific debt
spiral the world has ever seen, and when the debt spiral gets stopped the house
of cards is going to finally come down for good.
So enjoy these times while you still have them.
Yes, today is not nearly as prosperous as 2007 was, but today is most
definitely a whole lot better than 2015 or 2020 is going to be.
Sadly, we could have avoided this financial disaster
completely if only we had listened more carefully to those that founded this
nation. Once upon a time, Thomas Jefferson said
the following ….
I wish it were
possible to obtain a single amendment to our Constitution. I would be willing
to depend on that alone for the reduction of the administration of our
government to the genuine principles of its Constitution; I mean an additional
article, taking from the federal government the power of borrowing.’
Tipping
Point: 25 Signs That The Coming Financial Collapse Is Now Closer Then Ever The financial collapse that so many of us have been
anticipating is seemingly closer then ever. Over the past several weeks, there
have been a host of ominous signs for the U.S. economy. The
Economic Collapse
The financial collapse that so many of us have been
anticipating is seemingly closer then ever. Over the past several weeks,
there have been a host of ominous signs for the U.S. economy. Yields on
U.S. Treasuries have moved up rapidly and Moody’s is publicly warning that it
may have to cut the rating on U.S. government debt soon. Mortgage rates
are also moving up aggressively. The euro and the U.S. dollar both look
incredibly shaky. Jobs continue to be shipped out of the United States at
a blistering pace as our politicians stand by and do nothing. Confidence
in U.S. government debt around the globe continues to decline. State and
local governments that are drowning in debt across the United States are
savagely cutting back on even essential social services and are coming up with
increasingly “creative” ways of getting more money out of all of us.
Meanwhile, tremor after tremor continues to strike the world financial
system. So does this mean that we have almost reached a tipping point?
Is the world on the verge of a major financial collapse?
Let’s hope not, but with each passing week the financial
news just seems to get eve worse. Not only is U.S. government debt
spinning wildly toward a breaking point, but many U.S. states (such as
California) are in such horrific financial condition that they are beginning to
resemble banana republics.
But it is not just the United States that is in
trouble. Nightmarish debt problems in Greece, Spain, Portugal, Ireland,
Italy, Belgium and several other European nations threaten to crash the euro at
any time. In fact, many economists are now openly debating which will
collapse first – the euro or the U.S. dollar.
Sadly, this is the inevitable result of constructing a
global financial system on debt. All debt bubbles eventually
collapse. Currently we are living in the biggest debt bubble in the
history of the world, and when this one bursts it is going to be a disaster of
truly historic proportions.
So will we reach a tipping point soon? Well, the
following are 25 signs that the financial collapse is rapidly getting closer….
#1 The official
U.S. unemployment rate has not been beneath 9 percent since
April 2009 .
#2 According to
the U.S. Census Bureau, there are currently 6.3
million vacant homes in the United States that are either for sale or for
rent.
#3 It is being
projected that the U.S. trade deficit with China could hit 270 billion dollars for the entire
year of 2010.
#4 Back in 2000,
7.2 percent of blue collar workers were either unemployed or
underemployed. Today that figure is up
to 19.5 percent .
#5 The Chinese
government has accumulated approximately $2.65 trillion in total
foreign exchange reserves. They have drained this wealth from the
economies of other nations (such as the United States) and instead of
reinvesting all of it they are just sitting on much of it. This is
creating tremendous imbalances in the global economy.
#6 Since the year
2000, we have lost 10% of our middle class jobs. In the
year 2000 there were approximately 72 million middle class jobs in the United
States but today there are only about 65 million middle class jobs.
#7 The United
States now employs about the same number of people in manufacturing as
it did back in 1940 . Considering the fact that we had 132 million
people living in this country in 1940 and that we have well over 300 million
people living in this country today, that is a very sobering statistic.
#8 According to
CoreLogic, U.S. housing prices have now declined for
three months in a row .
#9 The average
rate on a 30 year fixed rate mortgage soared
11 basis points just this past week. As mortgage rates continue to
push higher it is going to make it even more difficult for American families to
afford homes.
#10 22.5 percent
of all residential mortgages in the United States were in negative equity as of the end of the third quarter
of 2010.
#11 The U.S.
monetary base has
more than doubled since the beginning of the most recent recession.
#12 U.S. Treasury
yields have been rising steadily during the 4th quarter of 2010 and
recently hit a six-month high .
#13 Incoming
governor Jerry Brown is scrambling to find $29 billion more to cut from the
California state budget. The
following quote from Brown about the desperate condition of California state
finances is not going to do much to inspire confidence in California’s
financial situation around the globe….
“We’ve been
living in fantasy land. It is much worse than I thought. I’m shocked.”
#14 24.3
percent of the residents of El Centro, California are currently unemployed.
#15 The average
home in Merced, California has declined in value by
63 percent over the past four years.
#16 Detroit Mayor
Dave Bing has come up with a new way to save money. He wants to cut 20
percent of Detroit off from essential social services such as road repairs,
police patrols, functioning street lights and garbage collection.
#17 The second
most dangerous city in the United States – Camden, New Jersey – is about to lay
off about
half its police in a desperate attempt to save money.
#18 In 2010, 55
percent of Americans between the ages of 60 and 64 were in the labor
market. Ten years ago, that number was just 47 percent. More older
Americans than ever find that they have to keep working just to survive.
#19 Back in 1998,
the United States had 25 percent of the world’s high-tech export market and
China had just 10 percent. Ten years later, the United States had less than 15
percent and China’s share had soared to 20 percent .
#20 The U.S.
government budget deficit increased to a whopping $150.4 billion last month,
which represented the biggest November budget deficit on record .
#21 The U.S.
government is somehow going to have to roll over existing debt and finance new
debt that
is equivalent to 27.8 percent of GDP in 2011.
#22 The United
States had been the leading consumer of energy on the globe for about 100
years, but this past summer China took over the number one spot .
#23 According to
an absolutely stunning new poll, 40 percent of all U.S. doctors plan to bail
out of the profession over the next three years.
#24 As 2007 began,
there were just over 1 million Americans that had been unemployed for half a
year or longer. Today, there are over
6 million Americans that have been unemployed for half a year or longer.
#25 All over the
United States, local governments have begun instituting “police response
fees”. For example, New York Mayor Michael Bloomberg has come up with a
plan under which a
fee of $365 would be charged if police are called to respond to an
automobile accident where no injuries are involved. If there are injuries
as a result of the crash that is going to cost extra.
16
Nightmarish Economic Trends To Watch Carefully In 2011 The American
Dream Dec 15, 2010 ‘If you
only watch the “economic pundits” on television, it can be very confusing to
figure out exactly what is happening with the U.S. economy. One pundit
will pull out a couple statistics that got a little bit better over the past
month and claim that we have entered a time of solid recovery. Another
pundit will pull out a couple statistics that got a little worse over the past
month and claim that we are headed for trouble. So what is the
truth? Well, if you really want to get a clear idea of what is really
going on you have to look at the long-term trends. There are some
economic trends which just keep getting worse year after year after year, and it
is those trends that tell the real story of the decline of our economic system. As you examine the long-term trends, you quickly come to
realize that the U.S. is trapped in an endless spiral of debt, the middle class
is being wiped out, the U.S. dollar is being destroyed and America is rapidly
becoming a post-industrial wasteland.
Posted below are 16 nightmarish economic trends to watch
carefully in 2011. It is becoming exceedingly apparent that unless
something is done rapidly we are heading for an economic collapse of
unprecedented magnitude….
#1 Do you want to
see something scary? Just check out the chart below. Since the
beginning of the economic downturn, the U.S. monetary base has more than
doubled. But don’t worry – Federal Reserve Chairman Ben Bernanke has promised
us that this could never cause inflation. In fact, Bernanke says that we
need to inject even more dollars into the economy. So if you are alarmed
by the chart below, you are just being irrational according to Bernanke….
[chart]
#2 Thousands of
our factories, millions of our jobs and hundreds of billions of dollars of our
national wealth continue to be shipped overseas. In 1985, the U.S. trade
deficit with China was 6 million dollars for the entire
year . In the month of August alone, the U.S. trade deficit
with China was
over 28 billion . Nobel economist Robert W. Fogel
of the University of Chicago is projecting that the Chinese economy will be three times larger than the U.S. economy by the year
2040 if current trends continue.
#3 The United
States is rapidly becoming a post-industrial wasteland. Back in 1959,
manufacturing represented 28
percent of all U.S. economic output. In 2008, it represented only 11.5
percent and it continues to fall. Sadly, the truth is that America is
being deindustrialized. As of the end of 2009, less
than 12 million Americans worked in manufacturing. The last time that less
than 12 million Americans were employed in manufacturing was in 1941.
#4 The number of
Americans that have been out of work for an extended period of time has
absolutely exploded over the last few years. As 2007 began, there were
just over 1 million Americans that had been unemployed for half a year or
longer. Today, there are over
6 million Americans that have been unemployed for half a year or longer.
#5 The middle
class continues to be squeezed out of existence. According to a poll taken in 2009 , 61 percent of
Americans ”always or usually” live paycheck to paycheck. That was
up substantially from 49 percent in 2008 and 43 percent in 2007.
#6 The number of
Americans living in poverty is absolutely skyrocketing. 42.9 million
Americans are now on food stamps, and one out of every six Americans is
now enrolled in at least one anti-poverty program run by the federal
government. Unfortunately, many of those that have been hardest hit by
this economic downturn have been children. According to one new
study, approximately 21 percent of all children in the United States are
living below the poverty line in 2010 - the highest rate in 20 years.
#7 Many American
families have been pushed beyond the breaking point during this economic
downturn. Over 1.4 million Americans filed for personal bankruptcy in
2009, which represented a
32 percent increase over 2008 . The final number for 2010 is
expected to be even higher.
#8 The U.S. real
estate market continues to stagnate. During
the third quarter of 2010 , 67 percent of mortgages in Nevada were “underwater”, 49
percent of mortgages in Arizona were “underwater” and 46 percent of mortgages
in Florida were “underwater”. So what happens if home prices go down even
more?
#9 More elderly
Americans than ever are being forced to put off retirement and continue
working. In 2010, 55
percent of Americans between the ages of 60 and 64 were in the labor
market. Ten years ago, that number was just 47 percent.
Unfortunately, it looks like this problem will only get worse in the years
ahead. In America today, approximately half of all workers have
less than $2000 saved up for retirement.
#10 In the United
States today, there are simply far too many retirees and not nearly enough
workers to support them. Back in 1950 each retiree’s Social Security
benefit was paid for by 16 workers. Today, each retiree’s
Social Security benefit is paid for by approximately 3.3 workers.
By 2025 it is projected that
there will be approximately two workers for each retiree.
#11 Financial
assets continue to become concentrated in fewer and fewer hands. For
example, the “big four” U.S. banks (Citigroup, JPMorgan Chase, Bank of
America and Wells Fargo) had approximately 22 percent of all deposits in
FDIC-insured institutions back in 2000. As of the middle of 2009 that
figure was up to 39 percent .
#12 The Federal
Reserve has been destroying the value of the U.S. dollar for decades.
Since the Federal Reserve was created in 1913, the U.S. dollar has lost over 95
percent of its purchasing power. An item that cost $20.00 in
1970 would cost you $112.35 today.
An item that cost $20.00 in 1913 would cost you $440.33 today.
#13 Commodity
prices continue to soar into the stratosphere. Ten years ago, the price
of a barrel of oil hovered around 20 to 30
dollars most of the time. Today, the price of oil is rapidly closing in on
100 dollars a barrel and there are now fears that it could soon go much higher
than that.
#14 Federal
government spending is completely and totally out of control. The U.S.
government budget deficit increased to a whopping $150.4 billion last month,
which represented the biggest November deficit on record . But our
politicians can’t seem to break their addiction to debt. In fact, Democrats
are trying to ram through a
1,924 page, 1.1 trillion dollar spending bill in the final days of the
lame-duck session of Congress before the Republicans take control of the House
of Representatives next year.
#15 The U.S.
national debt is rapidly closing in on
14 trillion dollars . It is more than 13 times larger than it was just
30 short years ago. According to an official U.S. Treasury
Department report to Congress, the U.S. national debt is projected to climb
to an estimated $19.6 trillion by 2015 .
#16 Unfortunately,
the official government numbers grossly understate the horrific nature of the
crisis we are facing. John Williams of Shadow Government Statistics has
calculated that if the federal government would have used GAAP accounting
standards to measure the federal budget deficit for 2009, it would have been approximately 8.8
trillion dollars . Not only that, but John Williams now says that
U.S. government debt is so wildly out
of control that it is mathematically impossible for us to “grow”
our way out of it….
The
government’s finances not only are out of control, but the actual deficit is
not containable. Put into perspective, if the government were to raise
taxes so as to seize 100% of all wages, salaries and corporate profits, it
still would be showing an annual deficit using GAAP accounting on a consistent
basis. In like manner, given current revenues, if it stopped spending every
penny (including defense and homeland security) other than for Social Security
and Medicare obligations, the government still would be showing an annual
deficit. Further, the U.S. has no potential way to grow out of this
shortfall.
The more one
examines the U.S. economic situation, the more depressing it becomes. The
U.S. financial system is trapped inside a horrific debt spiral and we are
headed straight for economic oblivion.
If our leaders
attempt to interrupt the debt spiral it will plunge our economy into a
depression. If our leaders attempt to keep the debt spiral going for
several more years it will just make the eventual crash even worse.
Either way, we are headed for a financial implosion that will be truly
historic.
The debt-fueled
good times that we have been enjoying for the last several decades are rapidly
coming to an end. Unfortunately for the tens of millions of Americans
that are already suffering, our economic problems are only going to get worse
in the years ahead.’
Jobless
Recovery?: 25 Unemployment Statistics That Are Almost Too Depressing To Read ‘… Unemployment is up again! That’s right – even though
Wall Street is swimming in cash and the Obama administration is declaring that
“the recession is over”, the U.S. unemployment rate has gone even higher. So
are you enjoying the jobless recovery? Economic
Collapse Blog Dec 4, 2010 ‘Guess
what? Unemployment is up again! That’s right – even though Wall
Street is swimming in cash and the Obama administration is declaring that “the
recession is over”, the U.S. unemployment rate has gone even higher ... Times
are really, really tough and unfortunately the long-term outlook is very
bleak. We should have compassion on those who are out of work right now,
because soon many of us may join them. The following are 25 unemployment statistics that are
almost too depressing to read….
#1 According to
the Bureau of Labor Statistics, the U.S. unemployment rate for November was 9.8
percent . This was up from 9.6 percent in October, and it continues a trend
of depressingly high unemployment rates. The official unemployment number
has been at 9.5 percent or higher for well over a year at this point.
#2 In November
2006, the “official” U.S. unemployment rate was just 4.5 percent .
#3 Most
economists had been expecting the U.S. economy to add about 150,000 jobs in
November. Instead, it
only added 39,000 .
#4 In the United
States today, there are over 15
million people who are “officially” considered to be unemployed for
statistical purposes. But everyone knows that the “real” number is even
much larger than that.
#5 As 2007 began,
there were just over 1 million Americans that had been unemployed for half a
year or longer. Today, there are over
6 million Americans that have been unemployed for half a year or longer.
#6 The number of
“persons not in the labor force” in the United States recently
set another new all-time record .
#7 It now takes
the average unemployed American over
33 weeks to find a job.
#8 When you throw
in “discouraged workers” and “underemployed workers”, the “real” unemployment
rate in the state of California is
actually about 22 percent .
#9 In America
today there are not nearly enough jobs for everyone. In fact, there are
now approximately
5 unemployed Americans for every single job opening.
#10 According to The New York Times , Americans
that have been unemployed for five weeks or less are three times more likely to
find a new job in the coming month than Americans that have been unemployed for
over a year.
#11 The U.S.
economy would need to create 235,120
new jobs a month to get the unemployment rate down to pre-recession
levels by 2016. Does anyone think that there is even a prayer that is
going to happen?
#12 There are 9
million Americans that are working part-time for “economic reasons”.
In other words, those Americans would gladly take full-time jobs if they could
get them, but all they have been able to find is part-time work.
#13 In 2009, total
wages, median wages, and average wages all
declined in the United States.
#14 As of the end
of 2009, less than 12 million Americans worked in manufacturing. The last
time that less
than 12 million Americans were employed in manufacturing was in 1941.
#15 The United
States has lost at least 7.5
million jobs since the recession began.
#16 Today, only
about 40 percent of Ford Motor Company’s 178,000 workers are employed
in North America, and a big percentage of those jobs are in Canada and
Mexico.
#17 In 1959,
manufacturing represented 28
percent of U.S. economic output. In 2008, it represented 11.5 percent.
#18 Earlier this
year, one poll found that 28% of all American households had at least
one member that was looking for a full-time job.
#19 In the United
States today, over
18,000 parking lot attendants have college degrees.
#20 The United
States has lost a staggering
32 percent of its manufacturing jobs since the year 2000.
#21 As the
employment situation continues to stagnate, millions of American families have
decided to cut back on things such as insurance coverage. For example,
the percentage of American households that have life insurance coverage is at
its lowest level in
50 years .
#22 Unless
Congress acts, and there is no indication that is going to happen, approximately
2 million Americans will stop receiving unemployment checks over the next
couple of months.
#23 A poll that
was released by the Pew Research Center back in June discovered that an
astounding 55 percent of the U.S. labor force has experienced either
unemployment, a pay decrease, a reduction in hours or an involuntary move
to part-time work since the economic downturn began.
#24 According to
Richard McCormack, the United States has lost over
42,000 factories (and counting) since 2001.
#25 In the United
States today, 317,000
waiters and waitresses have college degrees.
But this is what we get for creating the biggest debt
bubble in the history of the world. For decades we have been digging a
deeper hole for ourselves by going into increasingly larger amounts of
debt. In America today, our entire economy is based on debt. Even
our money
is debt . We were fools if we ever thought this could go on forever. Just
think about it. Have you ever gone out and run up a bunch of debt?
It can be a lot of fun sitting behind the wheel of a new car, running your
credit cards up to the limit and buying a beautiful big house that you cannot
afford. But in the end what happens? It always catches up with you. Well, our
collective debt is starting to catch up with us. There is a sea of red
ink on every level of American society. It is only a matter of time
before it destroys our economy. IF YOU THINK THAT THINGS ARE BAD NOW, JUST
WAIT. THINGS ARE GOING TO GET A WHOLE LOT WORSE. A HORRIFIC
ECONOMIC COLLAPSE IS COMING, AND IT IS GOING TO BE VERY, VERY PAINFUL.’
Howard Davidowitz on the Economy:
"Here Are the Numbers ... WE'RE BROKE!" 11-25-10
‘The
U.S. economy "is a complete disaster," Howard Davidowitz declared here in July, the most recent in a string of dire predictions from Tech Ticker's most entertaining
guest.On the eve of Thanksgiving, I asked Davidowitz if he had any regrets, or
was ready to throw in the towel given recent signs of economic revival. Are you kidding me? "Here are the numbers...we're
broke," Davidowitz declares, noting the U.S. government goes $5 billion
deeper into debt every day and is facing $1 trillion-plus annual deficits for
the next decade. "In other words, we're bankrupt."As with the
economy, Davidowitz is unwaveringly consistent in his views on President Obama,
calling him "deranged, dysfunctional and discredited."Results of the
midterm election show "the people of this country think we are in a
catastrophe," he says. "I'm with them."Check the accompanying
video for more of Howard's unfettered opinions and stay tuned for additional clips from this interview. And...Happy
Thanksgiving! Aaron
Task is the host of Tech Ticker. You can follow him on Twitter at @atask [email protected]
Timid
Tuesday: Is it Safe? Davis ‘… This is how we pay off our current
debts and I think bondholders are simply happy to get anything out of a country
that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn
(entire global GDP) in the form of unfunded liabilities. The funniest thing
about this (and you have to laugh) is to see Conservative pundits get on TV and
talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn on
tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS
TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
17 Things Worrying
Investors Lloyd's Wall of Worry stock exchange . But wait -- with no retail saps to
pick-off they will never get that Day 1 opening bell tick. Perfect. Million Dollar and the $0.99 Cent.” And both are
pissed about it.
LiveLeak.com - Loonie closes above U.S. dollar … dollar for first time closes below
parity on Canadian loonie … hey, hey, hey … 'Huge' stock decline — but not yet MarketWatch - Brimelow ‘Commentary:
Adens … ‘mega trend’ looks grim … The Adens expect a hyperinflationary collapse
… ‘ Oh
come on! Manipulated dollar decline with inflated earnings, stock prices
thereby, etc., … we’ve seen this all before … the last few crashes … Jobless
rate jumps to 9.8% as hiring slows (Washington Post) [ The reality is not a mystery! The nation’s
been thrown under the bus for the greater good (wealth) of the very few (frauds
on wall street, etc.); wall street giving out
record bonuses from their accomplished fraud (with no-recession b.s. bernanke
help) of $144 BILLION: Come on! This is gettin’ even more downright ridiculous
(if that’s even possible)! Pending home foreclosure / distress sales up, oil
prices (and oil stocks) up, debased dollar down, plus a little familiar ‘better
than expected’ thrown in along with prospects of a ‘no-recession bernanke’
market-frothing bull session on 60 minutes and, voila, suckers’ rally into the
close to keep the suckers suckered! What’s good for the frauds on wall street
is bad for just about everyone else which includes the vast majority of people
and businesses, domestically and globally, as current dollar manipulation /
debasement ultimately results in higher costs and loss of purchasing power
(ie., oil, etc.). Clearly, this is one of those fraudulent wealth transfers to
the frauds on wall street et als which will ultimately be paid for by those who
least are in a position to afford it, courtesy of the ever more worthless
Weimar dollar, etc., inflating earnings, eps, lowering p/e multiples, etc., see
infra. This is an especially great time to sell / take profits while you can
since there's much worse to come! Previous: Rosy numbers on consumer sentiment,
unemployment (far better than private forecasts) from the government prior to
the holiday so-called ‘shop till you drop’? How can anyone believe anything
they say? Najerian interviewed by Motek chimes in with the reason for good
retail cheer; viz., people have stopped paying their mortgages and are using
the funds to purchase retail goods; while Davidowitz adds that with record
numbers of americans on food stamps, real unemployment at 17+, and wall street
giving out record bonuses from their accomplished fraud (with no-recession b.s.
bernanke help) of $144 BILLION … the
high end stores / jewelers will do well … daaaaah! And, with insiders and wall
street frauds selling into the bubble as preceded last crash, this is an
especially great opportunity to sell / take profits! Suckers’ rally on
light volume, full moon, and government complicity (false data / reports) to
keep suckers suckered (easy for the wall street frauds to do with just a mouse
click / push of the button – and, they know all those technical trade lines
that are easy to program in this current phase of the scam/fraud with the
debased dollar). Keep in mind, the totally mindless blather from the ‘cottage
industries’ of and fraudulent wall street itself in talking up lower P/E
multiples when the same is a direct result of the debasement of the dollar and
the consequent manipulation / translation (not real, see Davis, infra) which
preceded the financial crisis / last crash. Unemployment, trade, deficit, etc.,
numbers continue decidedly worse than expected along with other negative data
(and in the ‘wrong direction’, that spin accorded ‘down but not as bad as
before’ b*** s*** ) yet the market has rallied like no tomorrow with used home
foreclosure / distressed sales, though abated owing to ‘foreclosuregate’, the
other ‘heralded’ good news. Moreover,
the dumbo lemmings of Europe have jumped on the fraudulent defacto bankrupt
american crazy train propelled to the precipice also as if no tomorrow. This is
about keeping the suckers sucked in with the help of a market-frothing
pre-election debased dollar for favorable currency translation and paper (but
not real when measured in, ie., gold, etc.) profits which preceded the last
crisis, inflating a bubble as in the last crisis to facilitate the
churn-and-earn, particularly with computerized (and high frequency) trades and
which commissions they’ll get again on the way down. There is nothing to
support these overbought stock prices, fundamentally or otherwise. These are
desperate criminals ‘at work’. Even wall street shill, the senile Buffett is
saying we’re still in a recession (depression) [ Davis: ‘… all
profits are inflated by 10% (from falling, debased dollar) and that 10% is the
E that gets divided from the P and gives us a much better price/multiple to
hang our hats on and that gets investors to BUYBUYBUY …’ The bull market that never was / were beyond wall
street b.s. when measured in gold ] This is a great opportunity to sell / take
profits (these lower dollar, hyperinflationary currency manipulations /
translations to froth paper stocks will end quite badly as in last crash)! This is a global
depression. This is a secular bear market in a global depression. The past up
moves were manipulated bull (s***) cycles (at best) in a secular bear market.
This has been a typically manipulated bubble as has preceded the prior crashes
with great regularity that the wall street frauds and insiders commission and
sell into. This is a typical wall street ‘programmed computerized
high-frequency churn and earn pass the hot potato scam / fraud as in prior
crashes ( widely reported ,
high-frequency trading routinely accounts for more than 50% of daily U.S.
equity trading volume and regularly approaches 70%. )’. This national
decline, economic and otherwise, will not end until justice is served and the
wall street frauds et als are criminally prosecuted, jailed, fined, and
disgorgement imposed.The Stock Market's
Long Decline Has Begun Smith ]
National / World
Bush
nixes Denver visit, citing invite to Assange [ The best thing that’s happened
to Denver for quite some time; after all, it’s doubtful that war criminals have
suddenly become fashionable, particularly dumb, burnt out morons as dumbya
bush. ](AP)
Sheen On
Obama: “A Coward In a Cheap Suit” [ I think Sheen to be too gentle
in his criticism of wobama. Wobama’s far worse than just a ‘coward in a cheap
suit’. Indeed, Wobama’s a total fraud having been elected under false
pretenses; viz., his total, unequivocal, and unfulfilled b*** s*** (those
campaign promises) ! Moreover, there has been some persuasive documentation
questioning wobama’s citizenship / birthplace placing his eligibility to hold
the office of president in question. ] Amidst the controversy of his wild
interview on the Alex Jones Show yesterday, actor Charlie Sheen wasted little
time in confronting President Barack Obama on his failure to answer Sheen’s
twenty questions concerning 9/11, calling Obama, “a coward in a cheap suit.” Globalist Shill
Barack Obama Asks Business Leaders For Job Creation Ideas Even As He Ships More
Of Our Jobs Overseas As Part Of The New One World Economy The other day, Barack Obama summoned a group of business
and labor leaders to the White House and “challenged” them to come up with some
great ideas for creating more jobs inside the United States.
Drudgereport: U.S.
Warship Tracking Yacht Hijacked by Somali Pirates... http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm . I do know that these somali pirates need killin’ and I further
believe that open season on them including using their boats in the water for
target practice makes sense and certainly is morally justified. I’m tired of
hearing about those little weasels … you know, ‘the skinnies’. ]
Some now question U.S. deal that brought
Gaddafi back into diplomatic fold (Washington Post) [ Oh, come on!
At this point in pervasively corrupt, defacto bankrupt america’s intractable
decline, naivity becomes no one! …Money, oil, arms change hands and no one’s
the wiser … and those few are again substantially richer … it’s the fatally
tragic ‘american tale’… Arms
deals still made amid Middle East crackdowns (Washington Post) You bet your
bippy … a raison d’etre, so to speak. ]ABU DHABI, UNITED ARAB EMIRATES - As
Libya's Moammar Gaddafi ordered attacks on his own people this week, thousands
of arms sellers from the United States and other countries hawked their
aircraft, riot gear and rifles to Middle Eastern buyers at the Persian Gulf's
preeminent arms show.
Julian
Assange must be extradited to Sweden (Washington Post) [ Julian
Assange to be extradited to Sweden Infowars.com [ No surprise here. As I’ve previously written, I’m
against the censorship since one always, in the final analysis, must discern
truth from falsehood, information from disinformation, reality from propaganda.
In truth, I found it somewhat shocking and more than surprising that of all
places ‘to escape to’, Assange chose Orwellian england, puppet to the u.s. and
guarantor of servility to u.s./zionist interests, such is their own desperate
circumstances. What was he thinking? ]
WikiLeaks founder Julian Assange is to be extradited to Sweden to face
allegations of rape and sexual assault. Assange will appeal, his legal team
confirmed. If this is unsuccessful, he will be extradited to Sweden in 10
days. ] LONDON - Britain will honor
Sweden's request to extradite WikiLeaks founder Julian Assange to face
sex-crime allegations, a British judge ruled Thursday.
Oil
prices on the rise (Washington Post) [ And except when and for fraudulent /
false / manipulated data, everything else down, dirty, and dismal: AP Business
Highlights: February 24, 2011, ‘New-home sales
in January drop 12.6 pct WASHINGTON (AP) -- Sales of new homes fell
significantly in January, a dismal sign after the worst year for that sector in
nearly a half-century.New-home sales dropped to a seasonally adjusted rate of
284,000 homes last month, the Commerce Department said Thursday. That's down from
325,000 in December and less than half the 600,000-a-year pace that economists
view as healthy…’ (Washington Post) New-home
sales fell more than forecast / FHFA:
Home prices fell in fourth quarter
Pro-government
forces, rebels engage in battles for territory (Washington
Post) [ The big story here, lost on mainstream media, was the manipulated stock
/ oil price fraud based upon false rumor of
daffy gaddafi not ducking and having been shot. Remember: there’s no
place for reality in pervasively corrupt, defacto bankrupt america and on
fraudulent wall street particularly. STOCKS
MAKE HUGE TURNAROUND ON STUNNING COLLAPSE IN OIL: BASED SOLELY ON NOW KNOWN TO
BE FALSE TWITTER RUMOR! [ Don’t be
surprised if the frauds on wall street initiated the rumors; their fraudulent
manipulations have included far worse … put them in jail where they belong,
with fines, disgorgement! ( ‘… an apparently Twitter-borne rumo r started making the rounds that
Qaddafi had been shot! There was no basis for it, but oil simply collapsed…’ ) ] Weisenthal , On Thursday February 24, 2011 Thank Twitter-borne rumors of Qaddafi's
death for the fact that markets totally didn't get crushed today…’ ]
Militiamen, mercenaries hit cities near capital while protesters seized air
force base; U.S., other Western powers consider responses to situation. Gaddafi
loyalists launch counterattacks
] Crude prices broke through the
$100-a-barrel threshold as violence in Libya continued to shake markets.
Senate
Democrats draft cuts in domestic agency budgets (Washington Post) [
Do these ‘too little, too late’ so-called cuts purport to make the
nation ‘less bankrupt’? There’s no such thing … absolutely preposterous! And,
Kotlikoff thinks so as well, see immediately hereafter… ] The plan will involve accelerating some of
the $33 billion in program terminations and reductions included in Obama's
proposed budget for next year. When Pretending Fails to Hide Bankruptcy: Laurence Kotlikoff
( Today in the WashingtonPost.Com ) Laurence
Kotlikoff Feb 22, 2011 Feb. 23 (Bloomberg) -- Our country is
bankrupt. It’s not bankrupt in 30 years or five years. It’s bankrupt today.
Want proof?
Look at President Barack Obama’s 2010 budget. It showed a massive fiscal gap
over the next 75 years, the closure of which requires immediate tax increases,
spending cuts, or some combination totaling 8 percent of gross domestic
product. To put 8 percent of GDP in perspective, this year’s employee and
employer payroll taxes for Social Security and Medicare will amount to just 5
percent of GDP.
Actually, the
picture is much worse. Nothing in economics says we should look out just 75
years when considering the present-value difference between future spending and
future taxes. Over the full long-term, we need an extra 12 percent, not 8
percent, of GDP annually.
Seventy-five
years seems like a long enough time to plan. It’s not. Had the Greenspan
Commission, which “fixed” Social Security back in 1983, focused on the true
long term we wouldn’t be sitting here now with Social Security 26 percent
underfunded. The Social Security trustees, at least, have learned a lesson. The
26 percent figure is based on their infinite horizon fiscal- gap calculation.
But the real
reason we can’t look out just 75 years is that the government’s cash flows (the
difference between its annual taxes and non-interest spending) over any period
of time, including the next 75 years, aren’t well defined. This reflects
economics’ labeling problem. If you use different words to describe the
receipts taken in and paid out each year by the government, you produce
entirely different cash flows and an entirely different fiscal gap measured
over any finite horizon.
Matter of
Language
It’s only the
value of the infinite horizon fiscal gap that is unaffected by the choice of
labels of language. Take this year’s payroll tax contributions. Let’s call
these transfers from workers to Uncle Sam “borrowing” by the government, rather
than “payroll taxes,” since the money will be paid back as future benefits. If
the future payback isn’t in full (equal to principal plus interest), we can
call the difference a “retirement tax.” Presto! With this change of words, our
2011 deficit of about 10 percent of GDP is boosted another five points to 15
percent.
With one set of
words, taxes are higher now and lower latter. With the other set of words, the
opposite is true. But neither set of labels makes more economic sense than the
other or changes what the government takes, on balance, from any person or
business in any given year.
This is no
surprise. The math of economics rules out an absolute measure of the deficit,
just like the math of physics rules out an absolute measure of time.
Bottom Line
The bottom
line, then, is that we need to look at the infinite-horizon fiscal gap not just
for Social Security, but for the entire federal government. That analysis, based
on the Congressional Budget Office’s long-term alternative fiscal scenario,
shows an unfathomable fiscal gap of $202 trillion. And covering this gap
requires coming up with the aforementioned 12 percent of GDP, forever.
If this gives
you the willies, there’s a ready narcotic -- the president’s 2012 budget, which
shows that most of our long- term fiscal problem has miraculously disappeared;
the fiscal gap isn’t 12 percent of annual GDP. Nor is it 8 percent. It’s now
1.8 percent.
This fantastic
improvement in our finances is due, we’re told, primarily to the Independent
Payment Advisory Board. This board, to be established in 2014 (after the next
election, of course) is charged with recommending cuts to Medicare and Medicaid
providers when their costs grow too fast.
Repealing Cuts
We’ve had laws
mandating such cuts for years, and they are routinely repealed. Indeed,
President Obama signed the latest such repeal last June. But rather than laugh
out loud at this cost-control mechanism, the Medicare trustees, three-quarters
of whom were appointed by the president, assume in their 2010 report that these
cuts will be made -- to the dollar. And the 2012 budget cites the report’s
fictional forecast as its authoritative source.
No one takes
the 2010 Medicare trustee report’s long-run projections seriously, least of all
Richard Foster, Medicare’s chief actuary. Foster added this statement to the
end of the report: “The financial projections shown in this report for Medicare
do not represent a reasonable expectation…in either the short range…or the long
range.”
This isn’t the
first administration to conceal our long- term fiscal problem. Back in 1993,
Alice Rivlin, then deputy director of the Office of Management and Budget,
asked me and economists Alan Auerbach and Jagadeesh Gokhale to prepare a
long-term fiscal gap/generational accounting for inclusion in President Bill
Clinton’s 1994 budget.
Politics
Triumphs
We worked for
months on the analysis, but two days before the budget’s release, the study was
excised from the budget. We were shocked, but, in retrospect, the politics are
clear. The Clinton administration wanted to claim it was fiscally prudent and
the study, which showed unofficial debt growing at enormous rates, showed the
opposite.
The fiscal
gap’s next near appearance in a president’s budget was in 2003. Treasury
Secretary Paul O’Neill commissioned Gokhale and Kent Smetters to do the study.
It showed a massive $45 trillion fiscal gap -- not a great basis for pushing
tax cuts or introducing the prescription-drug benefit for seniors, known as
Medicare Part D. O’Neill was ousted on Dec. 6, 2002, and a couple of days later
the fiscal-gap study was discarded.
I’m not sure
whether censoring the fiscal gap is more dishonorable than fudging it. What I
do know is that we can’t assume our problems away and that I expected far
better of this president when I voted for him.
--Editors: James Greiff, Steven
Gittelson
Pro-government
forces, rebels engage in battles for territory (Washington
Post) [ The big story here, lost on mainstream media, was the manipulated stock
/ oil price fraud based upon false rumor of
daffy gaddafi not ducking and having been shot. Remember: there’s no
place for reality in pervasively corrupt, defacto bankrupt america and on
fraudulent wall street particularly. STOCKS
MAKE HUGE TURNAROUND ON STUNNING COLLAPSE IN OIL: BASED SOLELY ON NOW KNOWN TO
BE FALSE TWITTER RUMOR! [ Don’t be
surprised if the frauds on wall street initiated the rumors; their fraudulent
manipulations have included far worse … put them in jail where they belong,
with fines, disgorgement! ( ‘… an apparently Twitter-borne rumo r started making the rounds that
Qaddafi had been shot! There was no basis for it, but oil simply collapsed…’ ) ] Weisenthal , On Thursday February 24, 2011 Thank Twitter-borne rumors of Qaddafi's
death for the fact that markets totally didn't get crushed today…’ ]
Militiamen, mercenaries hit cities near capital while protesters seized air
force base; U.S., other Western powers consider responses to situation. Gaddafi
loyalists launch counterattacks
] Crude prices broke through the
$100-a-barrel threshold as violence in Libya continued to shake markets.
FLASHBACK:
Gaddafi – Obama Is Friend, Black Man From Our Continent Of Arab Descent He said, “Now, ruling America is a black man from our
continent, an African from Arab descent, from Muslim descent, and this is
something we never imagined – that from Reagan we would get to Barakeh Obama.”
Julian
Assange to be extradited to Sweden [ No surprise here. As I’ve
previously written, I’m against the censorship since one always, in the final
analysis, must discern truth from falsehood, information from disinformation,
reality from propaganda. In truth, I found it somewhat shocking and more than
surprising that of all places ‘to escape to’, Assange chose Orwellian england,
puppet to the u.s. and guarantor of servility to u.s./zionist interests, such
is their own desperate circumstances. What was he thinking? ] WikiLeaks founder Julian Assange is to be
extradited to Sweden to face allegations of rape and sexual assault. Assange
will appeal, his legal team confirmed. If this is unsuccessful, he will be
extradited to Sweden in 10 days.
Drudgereport: U.S.
Warship Tracking Yacht Hijacked by Somali Pirates... http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm . I do know that these somali pirates need killin’ and I further
believe that open season on them including using their boats in the water for
target practice makes sense and certainly is morally justified. I’m tired of
hearing about those little weasels … you know, ‘the skinnies’. ]
Ethics
code urged for Supreme Court (Washington
Post) [ Sounds like a plan! Come on!
Wake up! After all, what can you expect from two guidos from ‘jersey (alito and
scalia, colloquial – note that I have refrained from using what some might
consider disparaging terms as w*p*, gui***s, or da***s … and let me state for
the record that I truly loved and respected my grandmother who was 100%
Italian/Bari,Italy and as well my grandfather/Lake Como,northern Italy with
greek ancestral roots and thereby claim standing/right to posit the criticism
in light of my direct experience. ). How ‘bout starting with enforcing laws as
to judges, liars, etc., within the very corrupted american illegal system; and,
particularly bribes which in one form or another are rampant . I don’t know
about Thomas, but I do know about alito and ‘jersey … : October
15, 2010 (*see infra)
Steven M. Martinez, Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3 copies of the within DVD rom autorun disk (which will
open in your computer’s browser) as per your office’s request as made this day
(the disk and contents have been scanned by Avast, McAfee, and Norton which
I’ve installed on my computer to prevent viral attacks / infection and are
without threat). I also include 1 copy of the DVD as filed with the subject
court as referenced therein (which files are also included on the aforesaid 3
disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as
you’re aware, the RICO Act is a criminal statute which provides a civil remedy,
including treble damages and attorney fees, as an incentive for private
prosecution of said claims probably owing to the fact that the USDOJ seems
somewhat overwhelmed and in need of such assistance given the seriousness and
prevalence of said violations of law which have a corrupting influence on the
process, and which corruption is pervasive). A grievance complaint against Coan
was also filed concurrently with the subject action and held in abeyance
pending resolution of the action which was illegally dismissed without any
supporting law and in contravention of the Order of The Honorable Robert N.
Chatigny, Chief Judge, USDC, District Connecticut. The files below the
horizontal rule are the referenced documents as filed. (Owing to the damage to
the financial interests of both the U.S. and the District of Congresswoman
Roybal-Allard, viz., Los Angeles, the Qui Tam provisions
of the Federal False Claims Act probably would
apply and I would absent resolution seek to refer the within to a firm with
expertise in that area of the law with which I am not familiar) .
The document in 5 pages under penalty of
perjury I was asked to forward to the FBI office in New Haven is probably the
best and most concise summary of the case
RICO Summary to FBI Under Penalty
of Perjury at Their Request (5 pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I received from the Congresswoman by way of email
attachment (apparent but typical problem with my mail) along with my response
thereto is included on the 3 disks as
fbicorrespondencereyes.htm .
With regard to the calls to the FBI’s LA and New Haven, CT offices:
There was one call to the LA office and I was referred to the Long Beach, CA
office where I personally met with FBI Agent Jeff Hayes to whom I gave
probative evidentiary documents of the money laundering which he confirmed as
indicative of same (he was transferred from said office within approximately a
month of said meeting and his location was not disclosed to me upon inquiry).
The matter was assigned to FBI Agent Ron Barndollar and we remained in touch
for in excess of a decade until he abruptly retired (our last conversation
prior to his retirement related to the case and parenthetically, Rudy Giuliani
whose father I stated had been an enforcer for the mob to which he registered
disbelief and requested I prove it, which I did – he served 12 years in prison,
aggravated assault/manslaughter? – and no, there is no Chinese wall of
separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction to the statement in said correspondence, there is a
plethora of information including evidence supporting the claims set forth in
the RICO VERIFIED COMPLAINT (see infra). Such includes and as set
forth in the case, inter alia,
1.
A judgment had been entered in my favor in the case,
United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson),
worth approximately now in excess of $300,000 remains unaccounted for and which
could be used for payment to creditors, Los Angeles, etc..
2.
Counsel Robert Sullivan on my behalf documented by way of
certification upon investigation that Alan Shiff, USBCJ, had falsely stated a
dismissal upon which false statement he predicated a retaliatory and spurious
contempt proceeding against me causing substantial damage, and for which he
sought Judicial Notice of those and related proceedings as did I in some of my
filings.
3.
The Order of Dismissal With Prejudice by Alan Shiff,
USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the
court’s deadline causing creditors and me substantial damages: [
Shiff Order of Dismissal With Prejudice on Coan’s Failure to File Page 1 Page 2 ]
4.
Defendant Coan had filed an action against me to prevent
me from suing him which necessitated me to fly to Connecticut for a hearing
before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of
Connecticut, who denied Coan’s requested relief as to Coan but precluded my
action against Shiff (although there is no immunity, judicial or otherwise, for
criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) .
[ transcript in pertinent part - crossexamofcoanbypeia.pdf
]
5.
Newly appointed judge, Maryanne Trump Barry, Donald
Trump’s sister, was assigned the RICO case despite the conflict of interest in
light of hundreds of thousands of dollars of illegal (drug) money being
laundered through the Trump casinos by the RICO defendants, and despite my
motion to recuse her which motion she heard herself and denied, and U.S.
Trustee Hugh Leonard with whom I met personally refused to join or file a
separate motion to recuse and not long thereafter left said office for private
practice at Cole, Shotz, et als on retainer with the RICO defendants as his
primary client.
6.
Probative and evidentiary documents, affidavits,
exhibits, including those turned over to FBI Agent Jeff Hayes in Long Beach,
CA, had been given to Assistant U.S. Attorney Jonathan Lacey with whom I met
personally at the U.S. Attorney’s Office in Newark, N.J., at which time Samuel
Alito was U.S. Attorney, and went over said documents and their probative value
with him. Within approximately a month thereafter upon inquiry I was told that
Jonathon Lacey was no longer with the office, that the file/documents could not
be located, and that there was no further information available concerning
contacting him or his location. I thereupon delivered by hand, copies of said
documents to the office of then U.S. Attorney Alito, addressed to him, with
assurance they would go directly to him. In addition to
being inept [ I looked in on the one mob case he had brought, bungled, lost
(accidently on purpose?) since I was suing some mob-connected under RICO and
the court (I had known / previously met outside of court the judge Ackerman
through a client) was absolute bedlam and a total joke since incompetent
corrupt Alito brought in all 20 mob defendants (rather than prosecute one or a
few to flip them first) who feigning illness had beds/cots in the courtroom
along with their moans during testimony and had the jury in stitches. As much
as I hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe corrupt
because he is inept). After a reasonable (but still rather short) time I called
to determine the status and was told that Alito was no longer with the Office
of the U.S. Attorney, that he was (appointed) a federal judge, and that neither
the documents nor any file or record of same could be located. Alito did parley
the same / cover-up into quid pro quo direct lifetime appointment to the Court
of Appeals, 3rd circuit, despite the absence of judicial experience or
successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is the
same Sam Alito that now sits on the purported highest court in the land. The
real application of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety
coverage and neither LA, nor creditors, nor I should continue to have been
damaged by this brazened corrupt and illegal scenario, which should be resolved
in accordance with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5 th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but
there are unresolved problems with the line, computer connection may be the
reason but I hesitate to chance greater non-performance / worsening by their
‘fix’ so cell phone best for contact).
] Group
of law professors' appeal comes after controversies involving travel and
appearances at political events by several justices. 16
miles away, Saudi Arabia's watchful eye looms over Bahrain unrest (Washington Post) [ I’m sure they … with a microscope at
that. Saudis Worried
Protests Will Hit Home - saudi arabia; talk about do
nothing hypocrites. How does one family claim ownership of all the oil reserves
of a sovereign nation; I suspect only when foreign corporations say so For the sake of
the saudi Arabian people, more than just protests should come to fruition! ] AFP | Saudi royal
warns Arab world uprisings could cause harm unless they reform. Bahrain authorities launch surprise attack on protesters [There’s the america and saudi Arabia
effect; far less than democratic and far more deadly in the mideast among other
places; talk about hypocrites. How does one family claim ownership of all the
oil reserves of a sovereign nation as the saudis; time for the saudis to go the
way of dictator Mubarak and take the war criminal americans with them. ] Los Angeles Times Tear gas canisters bombard
sleeping protesters in Manama's Pearl Square. At least two men are reported
killed Video: Bahrain
protesters look to emulate Egypt revolt euronews Riot Police Attack Bahrain Protesters Voice of America ‘Saudi
Arabia sending troops to Bahrain’ Saudi Arabia is sending troops to Bahrain in a move to crack down
on pro-democracy protesters who took to the streets in the capital Manama, a
political analyst says. [SAUDIS
TOLD OBAMA 'NOT TO HUMILIATE MUBARAK' Egyptian
capital teeters on anarchy Mubarak
asks cabinet to resign as anti-regime protests intensify
(Washington Post) [ Mubarak should have been looking in the mirror as he asked
his cabinet to resign … 30 years is a long time, and coincidentally, time for
him to go. In
Egypt: Access denied (Washington Post) [ The day part of the Internet died: Egypt goes dark [I disagree!
Part of the internet didn’t die, but rather the order to so darken the nation
heralded the demise, at 30 years and counting, of the so-called leadership in
the persona of Mubarak. Time for him to go! After all, he’s been in a position,
with Egypt among the only Mideast nations to have signed a peace treaty with
israel, to have stepped up with substantial credibility in taking a strong position
against israeli transgressions, violations of international law / u.n.
resolutions, war crimes, etc., which beyond soft-touch, he failed to do. And,
of all places, he sends his family to Orwellian england; he still loves those
colonial masters … how pathetic. I mean, 30 years … how free-flowing does
anyone think the election process is at this point … and one could ask the same
regarding the entrenched powers that be in pervasively corrupt, defacto
bankrupt america, to be fair. Then there’s saudi arabia; talk about do nothing
hypocrites. How does one family claim ownership of all the oil reserves of a
sovereign nation; I suspect only when foreign corporations say so. The only
Mideast nations showing backbone are Turkey, Lebanon, and Syria, and, of course
the perennially propaganda painted bad-boy Iran among possibly some of the
smaller emirates, ie., Qatar, etc., (I lack sufficient information regarding
these other nations). ] (AP)
Internet cutoff fails to silence Egypt protests (AP) - ]
] A
steep challenge for Arab world (Washington Post) [ I’m sure the rest of the defacto
bankrupt world would love to have the lagging problem of the Arab nations of
rich real assets as opposed to the fake fraudulent worthless paper assets the
so-called ‘rest of the world’ is ‘sporting’.
Economist:
United States Worse Off than Greece Dr. Laurence Kotlikoff is an economics professor at Boston University. He
says the Treasury and the government are fudging the national debt numbers.
Kotlikoff says the United States is bankrupt and we don’t even know it. Howard Davidowitz on the Economy:
"Here Are the Numbers ... WE'RE BROKE!" 11-25-10
‘The
U.S. economy "is a complete disaster," Howard Davidowitz declared here in July, the most recent in a string of dire predictions from Tech Ticker's most entertaining
guest.On the eve of Thanksgiving, I asked Davidowitz if he had any regrets, or
was ready to throw in the towel given recent signs of economic revival. Are you kidding me? "Here are the numbers...we're
broke," Davidowitz declares, noting the U.S. government goes $5 billion
deeper into debt every day and is facing $1 trillion-plus annual deficits for
the next decade. "In other words, we're bankrupt."As with the economy,
Davidowitz is unwaveringly consistent in his views on President Obama,
calling him "deranged, dysfunctional and discredited."Results of the
midterm election show "the people of this country think we are in a
catastrophe," he says. "I'm with them."Check the accompanying
video for more of Howard's unfettered opinions and stay tuned for additional clips from this interview. And...Happy
Thanksgiving! Aaron
Task is the host of Tech Ticker. You can follow him on Twitter at @atask [email protected] Timid
Tuesday: Is it Safe? Davis ‘… This is how we pay
off our current debts and I think bondholders are simply happy to get anything
out of a country that admits it owes $15Tn (1/4 of global GDP) but probably
owes closer to $60Tn (entire global GDP) in the form of unfunded liabilities.
The funniest thing about this (and you have to laugh) is to see Conservative
pundits get on TV and talk about how we need to cut $100Bn worth of
discretionary spending to "fix" this (while continuing to spend $1Tn
on the military and $1Tn on tax cuts for the top 1% each year). There is no
fixing this and even a Republican said you can’t fool all of the people all of
the time. THIS HOUSE OF CARDS IS
TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ ] Despite the rich resources in the
region, Arab nations lag behind rest of world economically. Economic
forecast (Washington Post) [
And you can take that to your local insolvent bank…or not even your
local insolvent bank; but rather, your non-local insolvent bank that’s still
carrying the toxic assets/paper/securities now marked to anything by way of
FASB rule change, professional criminal courtesy via congress, as the the wall
street frauds cash out for hard fiat currency. What do you expect them to say?
This wasn’t even a recession to be, as per forecast. They haven’t the slightest
clue what they’re doing other than the ‘narcotic effects’ of the non-stop
printing press fiat currency ‘feels good’ and buys time, politically. ] White House policymaker predicts
that the recovery should continue despite oil prices, European crisis. Pressure
mounts on Gaddafi (Washington Post) [ That he was always a caricature of
sorts, there is no question. That he’s totally burned out, there’s also no
doubt; though they might argue in his defense that so was dumbya bush … a point
well taken … but look at the consequential pathetic state of pervasively
corrupt, defacto bankrupt america … with the unlit torch passed to wobama the b
(for b*** s***) who pretends, or maybe in his alternate and fake reality just
believes it’s lit. That he’s done, also fait accomplis, after 41 years … who cares.
That he’s insane … now that’s quite another thing with greater worldwide
implications, so, daffy… gadaffy… duck!
Gaddafi vows to maintain hold on power Libyan
strongman says he'll fight 'until the last drop of my blood' (Washington
Post) [ His latter wish is the world’s command. ‘Something there is that
doesn’t love a dictator, that wants them down’ … (Excuse me … I was thinking of
walls and ‘Mending Wall’, Robert Frost ). Libya
Internet Shut Down Amid Protests, Per Multiple Reports [ Once again, as
in Egypt, this, the internet, inherently global in nature is the lynchpin,
tampering with or stifling same marking the end of any regime. Let this be a
warning; viz., you cannot put the genie back in the bottle! 41 years? Gadaffy
duck should duck ‘cause he’s done. I mean, look at him, he’s the singular
equivalent of the multiple bushes. He’s totally burnt out (as much or more so
than dumbya bush or mubarack) and quite done! ] Reports have emerged late
Friday that Libya appears to have shut down its Internet due to widespread
protests, less than a month after Egypt did the same. ] With rebels apparently controlling much of the eastern half of
the country, the violence engulfing Libya is already the worst in more than a
month of unrest that has toppled other regimes. ] Deaths of four Americans reflect increasing
violence of Somali piracy (Washington Post) [ Drudgereport: U.S. Warship Tracking Yacht
Hijacked by Somali Pirates... http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm . I do know that these somali pirates need killin’ and I further
believe that open season on them including using their boats in the water for
target practice makes sense and certainly is morally justified. I’m tired of
hearing about those little weasels … you know, ‘the skinnies’. ] On
Obama's jobs tour, unemployed have little voice (Washington
Post) [ This of course is so true. That wobama’s done there’s no question.
Indeed, despite the rhetoric, separate terms, hasn’t he proven to be, and isn’t
wobama just a continuation of the NWO / NAFTAite regimes that landed the nation
here in this foul, pervasively corrupt, defacto bankrupt position. How
different are america’s entrenched corrupt bureaucracies / ‘leaders’ from the
dictators and their corrupt bureaucracies being deposed today. If only wobama
wasn’t the typical, jive-talikin’ wobama the b (for b*** s***) he is and did
what he ran and was elected on, the outcome for fallen america would have been
substantially better, though still dire, than that which lies ahead.
Obama’s 2012
Budget: Tool Of Class War Paul Craig Roberts | Continues Wall Street’s war against poor & middle classes. ]
White House officials were unable to give a single example of him
interacting, even in private, with a person who had recently lost a job. State
budget woes draw more protests
(Washington Post) [ Obama
joins Wisconsin budget battle Democratic
lawmakers flee state in attempt to block anti-union bill (Washington Post) [ Looks like capital hill
can pick up a few pointers from ‘dem dems … fleeing the state, that is … except
in their case it’ll be fleeing the nation-state, or what’s left of same. Drudgereport: Michelle
Obama, Daughters Hit the Slopes on Ski Vacation ... Vail... Bidens
vacation on Fla Keys... FLASHBACK:
Obama on tough economy: 'You might put off a vacation'... 'Everyone
must sacrifice'... RASMUSSEN:
OBAMA APPROVAL SLIPS BACK TO 44%... Gov't
shutdown threat looms over budget fight... DEBT
NOW EQUALS ENTIRE ECONOMY OBAMA
AGENDA IS OVER Obama
refers to himself as 'The Gipper'… [ Riiiight! …anything you say wobmama the b
for b*** s***… or maybe the bipper, the chipper, or the yankee clipper (the new
joltin’ joe) …sounds like he’s losing it! ] ... Debunking
the 'Debunking Myths of U.S. Collapse' Post
Ridder [ Stated another way, the collapse of the (dis)united states is
at hand. Now, let me state, that doesn’t mean america will disappear from the
face of the earth, but the reality truly is ‘death from a thousand cuts’. It’s
not just China’s rise, but america’s decline and fall with the concomitant
relative rise of other nations, regions. Quite simply, and historically factual
reality has proven, nation-states cannot and have not survived the multitude of
negative, destructive, and self-destructive things america has done and prosper
as a leading nation. From perpetual war, to pervasive corruption, fraud,
criminality across all stratum including institutions, government of american
society, to what I believe as well to be an evolved genetic bias of inherent
criminality/mental illness which is ill-adapted to the strictures of a more
enlightened 21st Century by way of near instantaneously available information,
with truth and factual reality being america’s greatest enemy. In support of
the foregoing I will reiterate reasons, infra.] Debt
relief for states proposed (Washington Post) [
I’ve heard of the ‘blind leading the blind’, but the ‘bankrupt borrowing
from the bankrupt’ seems to be a nouveau american phenomenon destined for
‘clichedom’. Previous: Governors
plan painful cuts amid budget crises (Washington Post) [ This truly is a disaster in the making, with
consequences even more dire than the grim outlook set forth by Meridith
Whitney, if that could even be fathomed. It’s really going to be all that
bad…see infra, The Economic Collapse, ‘#10 The municipal
bond crisis could go “supernova” at any time. Already, investors are
bailing out of bonds at a frightening pace. State and local government
debt is now sitting at an all-time high of 22
percent of U.S. GDP. According to Meredith Whitney, the municipal bond
crisis that we are facing is a gigantic threat to our financial system…. “It has tentacles as wide as anything I’ve seen. I think
next to housing this is the single most important issue in the United States
and certainly the largest threat to the U.S. economy.” Economist:
United States Worse Off than Greece Dr. Laurence Kotlikoff is an economics
professor at Boston University. He says the Treasury and the government are
fudging the national debt numbers. Kotlikoff says the United States is bankrupt
and we don’t even know it.
Obama:
US needs better math, science education (AP) [Well, one thing we absolutely
know as true is that there’s at least one person in america in need of better
math skills and his name is’ wobama the b’ (for b*** s*** - despite campaign
promises to the contrary he actually ramped up war spending also despite defacto
bankruptcy of the nation – bush, if only it was just his math skills, ramped of
war spending while cutting taxes … to his base, a wobama’s on the same page –
how totally pathetic both of them are / were) … but let’s not kid ourselves,
from capital hill to wall street, etc., math skills are indeed lacking. ]
Alan
Greenspan Takes Credit For The Financial Crisis Levin “The morning after we learned of the
news,” Greenspan said of the Dow Jones plunging 6.98 percent that day in
September 2008, “I was able to look myself in the mirror and say, ‘Hey, not
bad.’” Sure, if he’d tried just a little harder he could’ve done better– 10
percent would’ve been a dream– but really, all things considering, not bad!
Solid B+ work. [NYU
via BI ]
Internet tool shows French web surfers 'Jewish-curious' (AFP) - AFP -
An Internet tool that flags up popular search words has spontaneously revealed
a deeper trend: French web surfers' exceeding curiosity about whether their
politicians are Jewish. [ To their credit, at least in France it might matter …
to america’s discredit and self-destruction, it doesn’t even matter … as
Buchanan aptly put it ‘capital hill is occupied israeli territory and just
proved it again with the foolhardy veto
of the un resolution condemning illegal israeli settlements. ]
] The standoff in
Wisconsin over budget cuts spread to other states on Tuesday as union leaders
began to organize protests in other capitols and Democrats in a second state,
Indiana, effectively staged a walkout. Gaddafi vows to maintain hold on power Libyan
strongman says he'll fight 'until the last drop of my blood' (Washington Post) [ His latter wish is the
world’s command. ‘Something there is that doesn’t love a dictator, that wants
them down’ … (Excuse me … I was thinking of walls and ‘Mending Wall’, Robert
Frost). Libya
Internet Shut Down Amid Protests, Per Multiple Reports [ Once again, as in Egypt, this, the
internet, inherently global in nature is the lynchpin, tampering with or
stifling same marking the end of any regime. Let this be a warning; viz., you
cannot put the genie back in the bottle! 41 years? Gadaffy duck should duck
‘cause he’s done. I mean, look at him, he’s the singular equivalent of the
multiple bushes. He’s totally burnt out (as much or more so than dumbya bush or
mubarack) and quite done! ] Reports have emerged late Friday that Libya appears
to have shut down its Internet due to widespread protests, less than a month
after Egypt did the same. ] With rebels
apparently controlling much of the eastern half of the country, the violence
engulfing Libya is already the worst in more than a month of unrest that has
toppled other regimes.
I knew there was something especially (but typically) not right in
Friday’s (and Thursday’s) trade; and, sure enough, it was a full moon Friday as
per lunar calendar (a must in today’s markets owing to the prevalence of
lunatics / criminally insane on wall street).
Have Stocks Really Moved Sideways Since 2000? McCurdy ‘Last
week , we reviewed the inverse secular relationship between stocks and the
price of gold. Stocks have been in a secular downtrend since the bull market
from the 1980s terminated early last decade, while gold has been in a secular
uptrend. Many analysts do not like to label the current secular environment in
stocks as a bear, instead referring to it as a "sideways" market.
Indeed, a quick review of the S&P 500 index monthly chart shows that it has
essentially bounced sideways for the past 11 years.
[Click all to enlarge] [chart} nominal values and returns. When you compare
stock market performance to hard assets like commodities and gold, you see a
very different picture. [chart] [chart] [chart] [chart] [chart] [chart] [chart]
Weighing the Week Ahead: The Beat Goes On Miller ‘…The explanation
is much simpler. The Beat Goes On.
The grocery
store's the supermart, uh huh. Little girls still break their hearts, uh huh. And men still keep on marching off to war Electrically they keep a baseball score {Refrain} Grandmas sit in chairs and reminisce Boys keep chasing girls to get a kiss The cars keep going faster all the time Bums still cry, "Hey buddy, have you got a dime"
Sonny & Cher may not have been market gurus, but the song captures the
current market action. The "drums keep beating."
… The Bad There was some
important bad news for the economy. The story is rarely one-sided. There is a
continuing problem on several fronts, a widely known "wall of worry"
that is already reflected in current market prices.
HOUSING SALES
OVERSTATED . The most
important bad news of the week came from the CoreLogic Year-end Summary of
Trends. I read their reports, and so should you. Calculated Risk has a nice
summary, showing that the existing home sales from the
National Association of Realtors may be overstated by 15%. Consistent and
aggressive critic (another of our featured sources) Barry Ritholtz has
this take. RETAIL SALES. This was a big
disappointment . INITIAL JOBLESS
CLAIMS. The highly volatile series moved higher, but the
trend continues lower. It is not good enough to improve the employment
picture…’
Correlating
U.S. Demographics, Trade Deficits and Employment Lounsbury’ Recent analysis found that the
U.S. trade balance deficit for manufactured goods was the equivalent of almost
29 million jobs over the past 19 years. The analysis referred to these as exported jobs .
What if some of the manufacturing jobs had been retained?
How would U.S. employment have been affected? Would we have anything like the
high unemployment rates experienced over the past two years?
The following analysis shows that the U.S. simply didn't
have the population needed to produce what we have been consuming. The trade
deficit is actually a demographic problem as well as a global competition
problem for the U.S.
Labor
Participation Rate First let’s
look at the labor participation rate over the past 60 years.
click to
enlarge images
[chart]
Over the last
25-30 years the institution of two wage-earner households became entrenched and
the labor participation rate rose above 65% as of 1985. In 2010 the
participation rate fell back below 65% as a result of severe employment
dislocations produced by The Great Recession.
The following
graph focuses on the years starting with 1992. Two arbitrary areas are
identified by the author, a “peak” participation rate and a “healthy” rate.
These arbitrary definitions may be subject to debate.
[chart]
These two
definitions are used to examine counterfactual participation rates in the
following discussion.
Manufacturing
Jobs Have a High Multiplier In the previous article a graph was
presented which showed the number of manufacturing jobs “exported” each year
starting with 1992. What was not discussed in the previous article is that jobs
have multiplier factors. If one person receives a wage much of that money is
spent and that creates additional jobs. For each person working in a particular
job, other people are employed in support industries. The total of all these
additional jobs is what comprises the jobs multiplier. The mathematics can be
reviewed here .
The multiplier
varies for different types of jobs and is determined by collecting experimental
data in the actual economy. Manufacturing jobs have high jobs multipliers. A
table of jobs multipliers is shown in the following table:
[chart]
A number of
data sources have been reviewed for the value of the manufacturing job
multiplier in the U.S. These are shown in the following table.
[chart]
Active links
from the table:
A jobs
multiplier of 3.0 means that each job represents a total of three jobs: the
original job plus two others that exist only because that original job is
there. One estimate for all
employment is an average multiplier of 1.9. For manufacturing the
multiplier is close to 3. For every manufacturing job gained or lost directly,
two other jobs, on average, are gained or lost.
For the rest of
this article we will use the multiplier of 2.9. Using that value, the number of
jobs lost each year since 1992 because of the trade deficit for manufactured
goods has been calculated and is shown in the following graph. The lowest line
represents the number of direct manufacturing jobs exported. The second line is
the number of dependent jobs lost and the top line is the total number of jobs,
direct and indirect, that were exported.
[chart]
What
If All “Jobs Exported” Had Been Retained? If all the
direct and indirect jobs that have been ‘exported” had been retained, what
would the unemployment picture have been forth past 18 years? This is displayed
in the following graph.
[chart]
There are two
shaded areas in the graph. The blue area encompasses all the commonly accepted
values for NAIRU. The salmon area defines where labor shortages would occur,
the lower the percentage the greater the shortage.
The red line
shows the counterfactual case calculated for the “exported jobs” being retained
and the labor participation rate staying at the peak (67%). The green line
shows the counterfactual unemployment rate provided the participation rate
actually experienced is used.
A reasonable
conclusion from this graph is that, to retain the number of jobs estimated,
labor would have to be imported or the labor participation rate would have to
rise above the all-time peak. Without some combination of those two factors
there would have been labor shortages 14 of the last 16 years (1994-2007)
Note: NAIRU
refers to a Milton Freeman defined term: Non-Accelerating Inflation
Rate of Unemployment
What
If “Jobs Exported” Had Been Reduced by Half? The next
counterfactual situation examined is the case where half of the “exported jobs”
were retained each year. The following graph shows the official unemployment
rate average each year (blue), with two counterfactual unemployment rates.
[chart] The red line
shows the counterfactual case calculated for ˝ of the “exported jobs” being
retained and the labor participation rate staying at the peak (67%). The green
line shows the counterfactual unemployment rate provided the participation rate
actually experienced is used.
What
If 25% of “Jobs Exported” Had Been Retained? The following
graph shows official and counterfactual unemployment rates if 25% of the
“exported jobs” had been retained.
[chart]
Even if 75% of
the “exported jobs” had occurred, the U.S. would still have had labor shortages
almost in seven of the past 19 years. The unemployment rate would have been
below 4% for1997-2000 and 2005-2007. If the labor particpation rate had
remained at peak (67%) throughout this time period, there would have been labor
shortages only in the last four years of the 2oth century.
Caveats There are many
assumptions to be questioned in this analysis. A few are listed here:
Would our
trade surplus in services have been less (thereby reducing service
employment) if there had been no deficit for goods? Would FDI
(foreign direct investment) in the U.S. have been
less? See Elliott
Morss . FDI in the U.S. creates jobs. Would the
FDI by the U.S. have been reduced to offset any
loss of FDI in the U.S. ? Is the
multiplier for manufacturing jobs accurate for the type of manufacturing
that was "exported"? Are the
assumptions about peak and healthy participation ratios really
appropriate?
I expect there
are many more open issues here and I expect that readers will eagerly point
them out to me.
Conclusion The U.S. has
been on a consumption binge. The examination discussed here indicates that the
country has been living beyond its means to produce what it consumes. That
doesn't even consider that we have to import more than half of the energy used.
If the production of even part of the production of goods that have been
imported over the lat 14 years had been retained domestically, there would not
have been enough labor available to fill the jobs that would have been
required.
So the U.S. has
been living beyond its means in three ways:
Beyond its
means to provide energy used; Beyond its
means to pay; and Beyond its
means to produce what it consumes.
Further work is
in progress to examine:
How much
more labor force participation would have been needed to prevent labor
shortages from occuring; or How much
labor would have had to have been imported; or What
combinations of the two would have done the trick.
There is one
additional area being studied: How does the undocumented worker influx that has
occurred over the past two decades interact with these labor requirement
scenarios.
More articles
on this topic will be forthcoming in the next few weeks…’
Buy the Dips or Sell the Rally - The One Indicator that Knows Maierhofer, February 22, 2011, 5:51 pm ‘ Low-Risk. The term
'low-risk' has the same appeal in the investment world as the enticing little
word 'free' in the advertising world.Some advertising executives claim that
'free' is the most powerful word in the ad world. 'Low-risk' might be the most
powerful concept in the investing universe.If you read the ETF Profit Strategy
Newsletter you are very familiar with the term low-risk entry. If you don't,
here's a quick summary and crash course of an indicator that's been 100%
accurate over the past 6 months.Low risk entries for various indexes are
identified or triggered by a relative strength indicator called percentR.
PercentR is expressed on a scale from 1 - 100. Readings above 80 are considered
overbought, readings below 20 oversold.If you read the ETF Profit Strategy
Newsletter you are very familiar with the term low-risk entry. If you don't,
here's a quick summary and crash course of an indicator that's been 100%
accurate over the past 6 months.Low risk entries for various indexes are
identified or triggered by a relative strength indicator called percentR.
PercentR is expressed on a scale from 1 - 100. Readings above 80 are considered
overbought, readings below 20 oversold.
Uncannily Accurate
A picture says more than a thousand words and the chart
sheds more light on the value of percentR. As you can tell by the red line,
following the W bottom in November (not shown in the chart), percentR spiked
above 80 (first yellow circle) around S&P 1,210. This was the initial buy
signal. [chart]With two exceptions, percentR remained above 80 ever since. The
two dips below 80 (yellow circles) on January 19 and 28 triggered a low-risk
entry. Even though investors were worried about riots in Egypt, according to
percentR it was time to buy.This bullish low-risk entry is valid as long as the
underlying index (in this case the S&P 500) does not close below that day's
low (white line). In both instances, the S&P (SNP: ^GSPC) stayed
above that low and went on to rally over 5%.
Other Low-Risk Entries
PercentR works with stocks and indexes alike. Similar
low-risk entries were identified by the ETF Profit Strategy Newsletter for the
Dow Jones (DJI: ^DJI), Nasdaq-100 (Nasdaq: QQQQ - News ), Nasdaq
Composite (Nasdaq: ^IXIC), and the Financial Select Sector SPDR (NYSEArca: XLF - News ) on January 28.
The Russell 2000 (Chicago Options: ^RUT) was the weakest index and registered
its low-risk entry sooner.
Corrections are Healthy, if ...
'Corrections are healthy' is one of many ambiguous Wall
Street sayings. If you judge the current 'bull market' purely on this
statement, this market is one sick puppy - there hasn't been more than a 2.5%
correction in nearly a quarter - and needs a serious correction to be jolted
back into healthy territory.Put yourself in a time capsule and zoom back to
April 2010 when the major U.S. indexes declined nearly 20% before the promise
of QE2 resurrected stocks. There was little conviction then that corrections
are healthy. The correction had rattled the investing masses and shaken out
many stockholders before the market went on to rally again.PercentR is the
canary in the coalmine that identifies a deeper correction. No significant sell
off happens without a failed low-risk entry.A failed low-risk entry occurs when
the indexes close below the low of the day that triggers the low-risk entry
(white lines on the chart). The last failed low-risk entry happened in November
2010 when stocks chopped around for a few weeks and ultimately lost about
5%. Another failed low-risk entry flashed a sell signal on August 11 and
ushered in a 21 day, 8% sell off.
The Right Tool for the Job
Any craftsman will tell you that there are limitations to
any tool, but there's a tool for each job. percentR is the right tool for the
current job.After a parabolic rally, the job at hand is to distinguish whether
pull backs are a buying opportunity or a warning signal. Should you buy the
dips or step on the sidelines (or even short the market)?The ETF Profit Strategy Newsletter consistently
monitors percentR as part of measuring the health of the market and sends out
special alerts when a low-risk entry (or failed low-risk entry) has been
triggered. Considering today's sell off, it sure will be valuable to see what
percentR has to say. Buying opportunity or time to sell?’
"Are
Your truly dead?" The IMF, Watson and Schrodinger's Cat. [ On forbes,
of new york / new jersey the hotbed of mob / wall street fraud and corruption
and leading sinkhole of the nation, and of failed capitalist tool fame, do they
waste an article and time on fraud / spam as a matter of course. I get a few or
more of these routed to my spam box each day. Moreover, invariably upon
visiting the forbes site / article my anti-virus picks up and blocks numerous
malicious adware, url, etc., queries (it’s become pathetic the number and
amount of s**t, ads, scripts that are crammed into some web pages these days);
and, almost invariably, coming from the forbes ny / nj faux capitalist tool
sight, all for nought! What a waste of time forbes et als are! ]
Obama:
US needs better math, science education (AP) [Well, one thing we absolutely
know as true is that there’s at least one person in america in need of better
math skills and his name is’ wobama the b’ (for b*** s*** - despite campaign
promises to the contrary he actually ramped up war spending also despite
defacto bankruptcy of the nation – bush, if only it was just his math skills,
ramped of war spending while cutting taxes … to his base, a wobama’s pn the
same page – how totally pathetic both of them are / were) … but let’s not kid
ourselves, from capital hill to wall street, etc., math skills are indeed
lacking. ]
Alan
Greenspan Takes Credit For The Financial Crisis Levin “The morning after we learned of the
news,” Greenspan said of the Dow Jones plunging 6.98 percent that day in
September 2008, “I was able to look myself in the mirror and say, ‘Hey, not
bad.’” Sure, if he’d tried just a little harder he could’ve done better– 10
percent would’ve been a dream– but really, all things considering, not bad!
Solid B+ work. [NYU
via BI ]
Internet tool shows French web surfers 'Jewish-curious' (AFP) - AFP -
An Internet tool that flags up popular search words has spontaneously revealed
a deeper trend: French web surfers' exceeding curiosity about whether their
politicians are Jewish. [ To their credit, at least in France it might matter …
to america’s discredit and self-destruction, it doesn’t even matter … as
Buchanan aptly put it ‘capital hill is occupied israeli territory and just
proved it again with the foolhardy veto
of the un resolution condemning illegal israeli settlements. ]
UNREST IN THE MIDDLE EAST Bahrain
military retreats after shootings (Washington Post)
[ Saudis Worried
Protests Will Hit Home [ For the sake
of the saudi Arabian people, more than just protests should come to
fruition! ] AFP | Saudi royal
warns Arab world uprisings could cause harm unless they reform. Bahrain authorities launch surprise attack on protesters [There’s the america and saudi Arabia
effect; far less than democratic and far more deadly in the mideast among other
places; talk about hypocrites. How does one family claim ownership of all the
oil reserves of a sovereign nation as the saudis; time for the saudis to go the
way of dictator Mubarak and take the war criminal americans with them. ] Los Angeles Times Tear gas canisters bombard
sleeping protesters in Manama's Pearl Square. At least two men are reported
killed Video: Bahrain
protesters look to emulate Egypt revolt euronews Riot Police Attack Bahrain Protesters Voice of America ‘Saudi
Arabia sending troops to Bahrain’ Saudi Arabia is sending troops to Bahrain in a move to crack down
on pro-democracy protesters who took to the streets in the capital Manama, a
political analyst says. [SAUDIS
TOLD OBAMA 'NOT TO HUMILIATE MUBARAK' Egyptian
capital teeters on anarchy Mubarak
asks cabinet to resign as anti-regime protests intensify
(Washington Post) [ Mubarak should have been looking in the mirror as he asked
his cabinet to resign … 30 years is a long time, and coincidentally, time for
him to go. In
Egypt: Access denied (Washington Post) [ The day part of the Internet died: Egypt goes dark [I disagree!
Part of the internet didn’t die, but rather the order to so darken the nation
heralded the demise, at 30 years and counting, of the so-called leadership in
the persona of Mubarak. Time for him to go! After all, he’s been in a position,
with Egypt among the only Mideast nations to have signed a peace treaty with
israel, to have stepped up with substantial credibility in taking a strong
position against israeli transgressions, violations of international law / u.n.
resolutions, war crimes, etc., which beyond soft-touch, he failed to do. And,
of all places, he sends his family to Orwellian england; he still loves those
colonial masters … how pathetic. I mean, 30 years … how free-flowing does
anyone think the election process is at this point … and one could ask the same
regarding the entrenched powers that be in pervasively corrupt, defacto
bankrupt america, to be fair. Then there’s saudi arabia; talk about do nothing
hypocrites. How does one family claim ownership of all the oil reserves of a
sovereign nation; I suspect only when foreign corporations say so. The only
Mideast nations showing backbone are Turkey, Lebanon, and Syria, and, of course
the perennially propaganda painted bad-boy Iran among possibly some of the
smaller emirates, ie., Qatar, etc., (I lack sufficient information regarding
these other nations). ] (AP)
Internet cutoff fails to silence Egypt protests (AP) - ]
SEC
names Sean McKessy to head new whistleblower office (Washington Post) The appointment sets off alarm bells
among whistleblower advocates. [ Indeed it should, regardless of ‘who’. In
pervasively corrupt, defacto bankrupt america there is always that
pre-calculation: juice / no juice, payer (bribes/contributions) / non-payer,
potential after gov’t job opportunity / no job opportunity, etc.. Video: Why Isn’t
Wall St. in Jail? [ This truly
will prove to be the story of the century (albeit an abbreviated one and a
turning point toward america’s intractable decline) owing to what will
ultimately be the lynch-pin of global economic / financial collapse ushering in
an era of great scarcity in more ways than can be imagined. The pervasively
corrupt, defacto bankrupt american nation / government has literally
underwritten this massive fraud at the expense of the vast majorities directly
and indirectly, precluded prosecution while obfuscating the substantial crimes,
literally becoming accomplices thereby. There is absolutely no excuse for what
is essentially a defalcation and abrogation of duty. I was watching a somewhat
obscure film recently which (though elsewhere on this page and site I’ve set
forth alarming crime statistics clearing showing america as number 1 in all
categories by wide margins) which set forth the statistic that america has 85%
of the world’s serial killers (and I’d go further in saying it is likely that
america has a similar lead in war crimes, etc.) ] MSNBC | Cenk Uygur talks to Matt Taibbi about his latest Rolling Stone article.
…… I mean, give me a frickin’ break!
Let’s get real here … probably the most egregiously dangerous years for
whistleblowers were the clinton years when even potential whistleblowers were
targeted; ie., Mary Mahoney, former clinton security team members, etc., see http://albertpeia.com/bodycount.htm ie., Mary C. Mahoney: 25, murdered at the Georgetown Starbuck's coffee bar over the 4th of July
'97 weekend. She was a former White House intern who worked with John Huang.
Apparently she knew Monica Lewinsky and her sexual encounters with Bill
Clinton. Although not verified, it has been said that Lewinsky told Linda Tripp
that she did not want to end up like Mahoney… Steve Willis, Robert Williams, Todd McKeahan & Conway LeBleu: Died Feburary 28, 1993 by gunfire at Waco. All
four were examined by a pathologist and died from identical wounds to the left
temple. All four had been body guards for Bill Clinton, three while campaigning
for President and when he was Governor of Arkansas.They also were the ONLY 4
BATF agents killed at Waco…, etc. but the bushies / cia / wall street are
comparable and as well in some different, more subtle ways; ie., discrediting,
false charges, etc.. ] The appointment
sets off alarm bells among whistleblower advocates. A
frayed alliance: Obama and unions Wis.
budget impasse deepens (Washington
Post) [ Frayed? How ‘bout flayed, fillet, and souffled … Or, screwed, nude, and
double chewed … Drudgereport: OBAMA
BACKS UNION UPROAR PELOSI
BACKS PROTESTERS: 'I STAND IN SOLIDARITY'...
DEBT
NOW EQUALS ENTIRE ECONOMY OBAMA
AGENDA IS OVER Obama
refers to himself as 'The Gipper'… [ Riiiight! …anything you say wobmama the b
for b*** s***… or maybe the bipper, the chipper, or the yankee clipper (the new
joltin’ joe) …sounds like he’s losing it! ] ... BUDGET
WOES FORCE STATES TO CONSIDER ABOLISHING '12 PRESIDENTIAL PRIMARIES... STATE
BUDGETS ON THE BRINK: CA, TX, IL, NY, NJ... WISC
GOV: 'NOT GOING TO BE BULLIED, INTIMIDATED'... Orders
state troopers to bring Dems to Capitol... 'There
Is Fear For Scott Walker's Safety'... Dem
Sen: We'll stay away for weeks... WALKOUT:
Milwaukee Schools closed; teachers call in 'sick'... REPORT:
Average city teacher compensation tops $100,000... PAPER:
GET BACK TO WORK! DNC
playing role in protests... Jesse
to the Rescue: Jackson rallies protesters... 'A
real Martin Luther King moment'... Union
Fight Heats Up... Republicans
vow to cut spending in state capitols... Protests
Spread to Ohio... Michigan... 'Coming
To Minnesota'... Idaho
offical target of threats over education reform plan... Egypt
in America? 'Day
of Rage' Hits Wisconsin over state unions... Madison
schools closed; 1,100 teachers call in 'sick'... Obama:
'Assault on Unions'... Obama-founded
OFA spearheading effort to defeat bill... Boehner:
'Suspend these tactics'... DEMS
FLEE STATE HOUSE SENATE
DEMOCRATS FOUND -- AT A RESORT IN ILLINOIS! Gov.
Walker calls on Dems to return, vote... Protesters,
supporters clash in Ohio over union bill... Activists
swarm Boehner's Capitol Hill home; Chant 'don't tread on DC'.. Carney:
Stimulus 'Goals Have Been Met'... GALLUP:
Unemployment hits 10%... Feds
Borrow Additional $29,660/Household Since Obama Signed Stimulus... Ratings
Downgrades Loom for Cash-Strapped States... Hillary Clinton: Israeli Settlements 'Illegitimate'… [We know that
hill … We’ve known that for quite some time along with their illegal nukes, war
crimes, etc…The whole world knows that hill… so don’t just talk about it … DO
SOMETHING! ] ...
Offended
Mubarak refuses calls from Obama... Ahmadinejad:
Obama can't spell his own name (True … it’s ‘w o b a m a’ with ‘the b for b*** s***’ his surname …
he’s so pathetic and a total caricature / joke!) ... Egypt's
protests flare despite military warning... Libya
set for 'day of anger'... Thousands
of police confront protesters in Yemen... Riot
police storm Bahrain camp; 2 reported dead... ABCNEWS
Correspondent Beaten... 100
Egyptians reach Italy amid Arab exodus... CARTER:
Muslim 'hood nothing 'to be afraid of'... PAPER:
Senate hearing turns into farce as American ignorance on Egypt revealed... USA TO REBUKE ISRAEL AT UN Poll:
Majority of Republicans Doubt Obama's Birthplace... Agents
Shot in Mexico... WORRIES
OBAMA OFFICIALS... ICE
IN VICE... GAO:
Feds have 'operational control' of 44% of border; just 15% 'air tight'... DAY
3: 'Watson' the computer creams human 'JEOPARDY!' champs... REPORT:
Steve Jobs receiving treatment at cancer center... PAPER:
'Reportedly sicker than previously admitted'... ISSA
MAKES A MOVE: New subpoena seeks records on sweetheart loans... U.S.
Government Shuts Down 84,000 Websites, ‘By Mistake’
'Kill
Switch' Internet bill alarms privacy experts... GOP
BLASTS FCC NET RULES...
TSA
agents busted at JFK for stealing $160,000 from bags...
Hillary
Clinton donors indicted... Man
mugs 96-year-old -- for $5... France
Wants New Global Finance System; End of Dollar Dominance... Fannie,
Freddie bailout: $153 billion and counting... GALLUP:
Unemployment at 10.3%... Muslim
Bros plan political party... Present
Two Faces... Pakistan
Islamists warn of protests if US prisoner freed... SECSTATE
JR: Sen Kerry arrives in Pakistan, expresses 'regret', 'sorrow'... GADDAFI
TELLS PALESTINIANS: REVOLT AGAINST ISRAEL World
Bank: Food prices at 'dangerous levels'... Gov't
Motors to pay out $189 million in bonuses; some workers to get 50% payoffs.. Deficit
Expected to Jump to $1.65 Trillion... ...'slow
train wreck coming' BUDGET
BLOWOUT: How big is $3.73 trillion? $12,000 from each American... ANALYSIS:
$1.5 trillion
tax hike over 10 years... AIRLINES:
New fees would be $2 billion tax increase on flyers... Sessions:
Obama failed on budget... Long
Spending Fight... Produce
prices to skyrocket with freeze in Mexico, Southwest... Clothing
Prices to Rise 10% Starting in Spring... China
Replaced Japan in 2010 as Number 2 Economy... China
plans Colombian rail link to challenge Panama canal... The
March On Berlusconi... Berlusconi
indicted in prostitution probe...
Malware
'Aimed at Iran Hit Five Sites'...
Mubarak
'falls into coma after final speech'... Egyptian
military orders last protesters out of 'Liberation Square'... Consolidates
power... Delivers
ultimatum... Boy
wrestler forfeits match to female opponent...
]
House
approves dramatic cuts in federal spending Vote
sets up showdown with Dems; threat of shutdown looms (Washington Post) [ As they say on SNL,
‘What’s up with that?’. Come on! Wake up! That doesn’t even cover the interest
on a $14 trillion debt. And, how disingenuous of the author to write, ‘largest
cut of its kind since WWII’… Not in percentage terms by a long shot! … Timid
Tuesday: Is it Safe? Davis ‘… This is how we pay off our current
debts and I think bondholders are simply happy to get anything out of a country
that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn
(entire global GDP) in the form of unfunded liabilities. The funniest thing
about this (and you have to laugh) is to see Conservative pundits get on TV and
talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS
TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
] After all-night debate, House votes 235-189 to approve plan to cut $60
billion in federal funding in what'd be the largest cut of its kind since WWII.
The Four Horsemen of the Dow: Dave's Daily ‘No, I wasn't alive to watch the
Four Horsemen of Notre Dame play football but I did watch the DJIA today. As
you know this is a "price weighted" index. Four companies that rose
today were among the priciest: BA, CAT, CVX and TRV. The rest were mixed to
flat. Imagine if TPTB added AAPL or GOOG to the index. But, for most Americans,
the DJIA is what they see most every day if they care. Cynically, as some say,
it's just "window dressing for the tourists" to wit the current
headline at the WSJ: "Stocks Close at 2 ˝ Year High". Does it really
matter that four stocks accounted for the positive headline? If, you're looking
deeper into what's really going on in markets, sure it should. But many investors aren't that curious especially when interest rates remain near zero and POMO is ubiquitous encouraging investors to take more risks. No matter
unemployment shows no sign of improving, housing is still in the dumps and key
strategic countries (Bahrain, Libya, Egypt, Yemen, Algeria and Tunisia) are all
aflame. There wasn't any economic data today other than Bernanke defending his
policies. And, there was little earnings news. The dollar was weak and most commodities were strong while bonds sold-off. In case you're interested I'll be doing
a webinar for SFO Magazine "Around the World with ETFs ". You may register here to listen and comment for free. Volume for an options expiration day was
light but perhaps ahead of a three day weekend is understandable. Breadth was
pretty flat per the WSJ.’
Stock Melt-Up Continues to Ignore Warnings [ While I generally warn against
short-selling as an investment strategy for all but the most successful
speculators (there are very, very few), if there ever was a time to try your
luck at same, that time is now! We’re now beyond the absurd in these
overbought, overvalued, contrived, manipulated markets. See also, Dave infra,
‘…Further, the Philly Fed (riiiiight … that global hub of
manufacturing activity) came in much higher than expected although inside the
numbers the prices paid vs prices received disparity was the greatest since
1979. That wasn't a great time for corporate profits. Even though there's some
"discussion" within the Fed over the effectiveness of QE operations
another heavy dose of POMO was released to trading desks again Thursday. …’ Why Isn’t Wall Street
in Jail? Matt Taibbi | Financial crooks brought down the
world’s economy — but the feds are doing more to protect them than to prosecute
them. This is a not too big to fail, but a too willing to pay bribes to jail -
reality. (This really is beyond the pale, particularly when they trumpet
prosecution of $225 million in medicare frauds while wall street’s continuing
fraud in the trillions remains unprosecuted – there is no excuse whatsoever –
pervasively corrupt, defacto bankrupt america is done!). ]
January Weather's Economic Impact: Catalyst for Overdue
Market Correction? [ As pointed out infra, the Index of
Leading Indicators was up only a miniscule .1% . All components are
particularly vulnerable to manipulation, false reporting, and outright fraud,
particularly in light of the absolute desperation of those involved in the
reporting along with to whom and of course the fraudulently manipulated to the
upside stock prices which are a significant component and the ultimate
bootstrap, so to speak. The election also figured prominently in the
manipulation and even if believed (I don’t), still not so hot and a far more
grim scenario is but around the corner. That scenario is : Reality! Investopedia: What Does Composite Index of Leading Indicators Mean? An index published monthly by the
Conference Board used to predict the direction of the economy's movements
in the months to come. The index is made up of 10 economic
components, whose changes tend to precede changes in the overall
economy. These 10 components include: insurance interest rates ] Kaminis‘As we suspected, January weather is proving to have hampered
economic activity. Blizzards and super storms rampaged across much of the
nation last month, and economic reports are now showing the effects born to the
economy. The latest such report, and broad reaching measure to make this case,
is Leading Economic Indicators, but we've also seen data from companies like
FedEx (FDX As a publisher, I can
give you firsthand testimony to the economic effects of January's weather.
Almost all of my advertisers have reported dead business through the month,
which has weighed on our own cash flow as well. January offered a rude
awakening as to just how perilous are the operations of small businessmen, who
have weathered the worst part of the recession, but are still just scraping by,
and with little leeway for error.Economic reports should continue to prove out
that the harsh weather that battered all of the country in January, especially
the population concentrated Northeast, provided a speed bump to economic
growth. The few January reports that have reached the wire to-date offer enough
support to our case, but the stock market has not shown ill-effect as yet.The
Leading Indicators Index, just reported for January, showed only a 0.1%
increase. The meek result compared against December's revised 0.8% increase and
November's 1.1% rise. The Conference Board, which puts the LEI together,
reported that while the economic trend is expansionary, current economic
conditions remain weak. The cumulative change in the LEI over the last six
months is a solid 3.0%. However, the Board reported that the Coincident
Economic Index, which measures current conditions, rose just 0.1%, following a
0.3% increase in December and 0.2% rise in November. Furthermore, the
Conference Board's Lagging Economic Index dropped 0.1%.The factors behind the
softness in January were listed as weaker housing permits and poor labor market
indicators. We've posited here before that the weather likely played a role in
weird results from the Labor Department last month, if not keeping depressed
job searchers buried at home. We've likewise warned that the weather might
throw off January's housing data, some of which has already been released, with
more to come next week.Other reports have more clearly depicted the sad season
we describe here. Industrial Production, reported Wednesday for January,
produced a 0.1% decrease where economists were looking for a 0.5% increase.
Capacity Utilization also confounded economists, falling to 76.1% from a
revised 76.2% rate in December. Economists were looking for an improvement to
76.3%. Now, Industrial Production actually softened partly due to lower utility
production on warmer average temperatures in January, which is a counter to our
argument. Though, Factory Production in isolation and excluding motor vehicle
production, rose modestly 0.1%, agreeing with our theory somewhat. The softer data piles on. The month's Housing Starts data showed a slippage in permitting activity,
as the pace slowed to 562K, from 627K in December. Furthermore, single-family
home authorizations fell 4.8% to 421K. The pace of single-family housing starts
also fell 1% to 413K. January's Retail Sales (and sales excluding autos) rose
0.3%, but both figures missed the economists' consensus expectations for 0.5%
increases.As economists seem to have overlooked the weather in January, they
have likely conveyed a certain optimism to strategists, who have likewise
guided portfolio managers and analysts. As more data points are reported for
January, and if they are reported significantly off, then stocks could sell off
briefly over the short-short-term on a shift in understanding.Indeed, some
companies have been directly impacted by the weather already, and others will likely
report earnings impact in their Q1 releases. FedEx cut its projected fiscal
third quarter EPS forecast to a range of $0.70 to $0.90, from $0.95 to $1.15,
due to in part to "winter storms." Analysts had been looking for EPS
of $1.02 on average, based on Bloomberg's data. Whether directly or indirectly,
and based on my anecdotal witness, I think we can expect companies to report
weather impacted results for this quarter. With economists, strategists and
analysts potentially all off the mark, there's risk to stocks.Given the January
weather is not an ongoing issue, you can look for analysts to blow off any
negative surprises, and to guide investors to stick with their recommendations
as they also save face. The weather is still considered a temporary and
insignificant factor in valuation (though that's increasingly debatable given
climate change), and so any damage to stocks should be only a trading hit that
might open opportunities for long-term buying interests in good names. However,
most technical charts, including those by our technical analyst, show a market
overdue for a correction. Thus, perhaps we have here a catalyst.’
February 18, 2011: Market Summary [Caveat: This market is worse than
overbought. This market is fraudulently manipulated, overvalued as preceded all
other crashes and this time will be no different and in some ways worse owing
to the structural shift away from pervasively corrupt, defacto bankrupt
america. ] Investopedia ‘The past several weeks
have been very difficult for traders who believe that the markets
are headed for a pullback. It seems like any signs of weakness have
been quickly overcome by the bulls and the markets continue to chug
along as they race to new highs. While it is prudent to preach caution when the
markets are in such a strong uptrend, the simple fact is that there is no
evidence yet of a market top. It is wise for traders to respect this
strength and simply recognize that the environment is overbought . In his famous quote, John Keynes stated
that “the markets can remain irrational longer than you can stay
solvent.” …’
21
Signs That The Once Great U.S. Economy Is Being Gutted, Neutered, Defanged,
Declawed And Deindustrialized Once upon a time… The Economic Collapse Feb 12, 2011 ‘Once upon a time, the United
States was the greatest industrial powerhouse that the world has ever
seen. Our immense economic machinery was the envy of the rest of the
globe and it provided the foundation for the largest and most vibrant middle
class in the history of the world. But now the once great U.S. economic
machine is being dismantled piece by piece. The U.S. economy is being
gutted, neutered, defanged, declawed and deindustrialized and very few of our
leaders even seem to care. It was the United States that once showed the
rest of the world how to mass produce televisions and automobiles and airplanes
and computers, but now our industrial base is being ripped to shreds.
Tens of thousands of our factories and millions of our jobs have been shipped
overseas. Many of our proudest manufacturing cities have been transformed
into “post-industrial” hellholes that nobody wants to live in anymore.
Meanwhile, wave after wave of shiny new factories is
going up in nations such as China, India and Brazil. This is great for
those countries, but for the millions of American workers that desperately
needed the jobs that have been sent overseas it is not so great.
This is the legacy of globalism. Multinational
corporations now have the choice whether to hire U.S. workers or to hire
workers in countries where it is legal to pay slave labor wages. The
“great sucking sound” that Ross Perot warned us about so long ago is actually
happening, and it has left tens of millions of Americans without good jobs.
So what is to become of a nation that consumes more than
it ever has and yet continues to produce less and less?
Well, the greatest debt binge in the history of the world
has enabled us to maintain (and even increase) our standard of living for
several decades, but all of that debt is starting to really catch up with us.
The American people seem to be very confused about what
is happening to us because most of them thought that the party was going to
last forever. In fact, most of them still seem convinced that our
brightest economic days are still ahead.
After all, every time we have had a “recession” in the
past things have always turned around and we have gone on to even greater
things, right?
Well, what most Americans simply fail to understand is
that we are like a car that is having its insides ripped right out. Our
industrial base is being gutted right in front of our eyes.
Most Americans don’t think much about our “trade
deficit”, but it is absolutely central to what is happening to our
economy. Every year, we buy far, far more from the rest of the world than
they buy from us.
In 2010, the U.S. trade deficit was just a whisker under
$500 billion. This is money that we could have all spent inside the
United States that would have supported thousands of American factories and
millions of American jobs.
Instead, we sent all of those hundreds of billions of
dollars overseas in exchange for a big pile of stuff that we greedily
consumed. Most of that stuff we probably didn’t need anyway.
Since we spent almost $500 billion more with the rest of
the world than they spent with us, at the end of the year the rest of the world
was $500 billion wealthier and the American people were collectively $500
billion poorer.
That means that the collective “economic pie” that we are
all dividing up is now $500 billion smaller.
Are you starting to understand why times suddenly seem so
“hard” in the United States?
Meanwhile, jobs and businesses continue to fly out of the
United States at a blinding pace.
This is a national crisis.
We simply cannot expect to continue to have a “great
economy” if we allow our economy to be deindustrialized.
A nation that consumes far more than it produces is not
going to be wealthy for long.
The following are 21 signs that the once great U.S.
economy is being gutted, neutered, defanged, declawed and
deindustrialized….
#1 The U.S. trade
deficit with the rest of the world rose to 497.8
billion dollars in 2010. That represented a 32.8% increase from
2009.
#2 The U.S. trade
deficit with China rose to an all-time record of 273.1
billion dollars in 2010. This is the largest trade deficit that
one nation has had with another nation in the history of the world.
#3 The U.S. trade
deficit with China in 2010 was 27 times
larger than it was back in 1990.
#4 In the years
since 1975, the United States had run a total trade deficit of
7.5 trillion dollars with the rest of the world.
#5 The United
States spends more
than 4 dollars on goods and services from China for every one dollar
that China spends on goods and services from the United States.
#6 In 1959,
manufacturing represented 28 percent of all U.S. economic
output. In 2008, it represented only 11.5 percent and it continues to
fall.
#7 The number of
net jobs gained by the U.S. economy during this past decade was smaller than during any other
decade since World War 2.
#8 The Bureau of
Labor Statistics originally predicted that the U.S. economy would create
approximately 22 million jobs during the decade of the 2000s, but it turns out
that the U.S. economy only produced about 7 million jobs during that
time period.
#9 Japan now
manufactures about 5 million more
automobiles than the United States does.
#10 China has now
become the world’s largest
exporter of high technology products.
#11 Manufacturing
employment in the U.S. computer industry is actually lower in 2010 than
it was in 1975 .
#12 The United
States now has 10 percent fewer “middle class jobs” than it did
just ten years ago.
#13 According to Tax Notes,
between 1999 and 2008 employment at the foreign affiliates of U.S.
parent companies increased an astounding 30 percent to 10.1 million.
During that exact same time period, U.S. employment at American multinational
corporations declined 8 percent to 21.1 million.
#14 Back in 1970,
25 percent of all jobs in the United States were manufacturing jobs.
Today, only 9 percent of the jobs in
the United States are manufacturing jobs.
#15 Back in 1998,
the United States had 25 percent of the world’s high-tech export market and
China had just 10 percent. Ten years later, the United States had less than 15
percent and China’s share had soared to 20 percent .
#16 The number of
Americans that have become so discouraged that they have given up searching for
work completely now stands at an all-time high .
#17 Half of all
American workers now earn $505 or less per week.
#18 The United
States has lost a staggering 32 percent of its
manufacturing jobs since the year 2000.
#19 Since
2001, over 42,000 U.S. factories have closed
down for good.
#20 In 2008, 1.2
billion cellphones were sold worldwide. So how many of them were
manufactured inside the United States? Zero .
#21 Ten years ago,
the “employment rate” in the United States was about 64% . Since then it has been
constantly declining and now the “employment rate” in the United States is only about 58% . So where did all of those
jobs go?
The world is changing.
We are bleeding national wealth at a pace that is almost
unimaginable.
We are literally being drained dry.
Did you know that
China now has the world’s fastest train and the world’s largest high-speed rail
network?
They were able to afford those things with all of the
money that we have been sending them.
How do you think all of those oil barons in the Middle
East became so wealthy and could build such opulent palaces?
They got rich off of all the money that we have been
sending them.
Meanwhile, once great U.S. cities such as Detroit,
Michigan now look like war zones.
Back in 1985, the U.S. trade deficit with China was about
6 million dollars for the entire year.
As mentioned above, the U.S. trade deficit with China for
2010 was over 273 billion dollars.
What a difference 25 years can make, eh?
What do you find when you go into a Wal-Mart, a Target or
a dollar store today?
You find row after row after row of stuff made in China
and in other far away countries.
It can be more than a bit difficult to find things that
are actually made inside the United States anymore. In fact, there are quite
a few industries that have completely and totally left the United States.
For certain product categories it is now literally impossible to buy something
made in America.
So what are we going to do with our tens of millions of
blue collar workers?
Should we just tell them that their jobs are not ever
coming back so they better learn phrases such as “Welcome to Wal-Mart” and
“Would you like fries with that”?
For quite a few years, the gigantic debt bubble that we
were living in kind of insulated us from feeling the effects of the
deindustrialization of America.
But now the pain is starting to kick in.
It has now become soul-crushingly
difficult to find a job in America today.
According
to Gallup , the U.S. unemployment rate is currently 10.1% and when you throw in
“underemployed” workers that figure rises to 19.6%.
Competition for jobs has become incredibly fierce and it
is going to stay that way.
The great U.S. economic machine is being ripped apart and
dismantled right in full view of us all.
This is not a “conservative” issue or a “liberal”
issue. This is an American issue.
The United States is rapidly being turned into a
“post-industrial” wasteland.
It is time to wake up America.’
This is that unmentionable reality as I alluded to
earlier on close scrutiny of the data, ‘that stock prices have been manipulated
to the upside beyond any and all rational basis‘ and as I previously wrote: Perception vs. Reality: Four Reasons to Remain Cautious on U.S.
Equities [ Hey, Abbott … That’s Lou
Costello calling him from the other side … Wake up! … Just kidding … but I’m
not kidding when I say that contrary to Abbott’s view, infra, if you’re not a
successful market timer you should rethink your position as an equity investor.
Moreover, in contradistinction to Mr. Abbott’s implication, if you’re not a
successful speculator (there are very few), you should rethink your position as
a short seller: reason…, you could be wiped out, lose more than your principal,
forced to cover (that’s why the same is considered a contrary market
indicator, particularly in these manipulated, contrived markets). When I did my
MBA thesis (1977, NYU, GBA, Eve.Prog., Finance), a review of the data revealed
even then (and much more so now with computer programmed market manipulation)
that the market remained biased / propped up (artificially, especially now with
computerized manipulation) to the upside for far longer periods of time than
for the downside which meant that dollar-cost averaging (through regular,
periodic investment, for example), meant you were accumulating shares at higher
prices generally for longer periods of time skewing the average cost to the
upside (dollar-cost-averaging in declining markets was ok if analysis /
forecast saw resurgence based on fundamentals - now absent – which is timing,
as even senile wall street / gov’t shill Buffet would attest, that ‘greedy when
others are fearful thing’). Abbott discusses perception which is the
psychological factor involved in security evaluation / analysis; but investors
need not and should become nuts themselves, particularly when as now, the
inmates are running the asylum. ] Abbott ‘Perception determines short-term
market movements. The difference between perception and reality determines the
direction of major market trends. Though I generally try to avoid making macro
prognostications, I believe bottom-up analysis can be informative about the
current level of stock prices. I want to share what my recent work tells me
about where stocks are (and where they might be headed). I will outline some
various nuggets of collective wisdom that are taken for granted right now by
stock bulls, and I will attempt to demonstrate how reality is likely to differ
from these perceptions.
First, a disclaimer. This is not a market timing call. At
all times, I stay away from market timing predictions. I think that's a loser's
game in the long run. Even if I'm correct about the discrepancies between the
following perceptions and realities, there's no saying when people will change
their minds or shift their focuses. That said, let's dive in.
Perception vs. Reality #1 Perception: Low Interest Rates, Questionable Bond Outlook Means Stocks are
Attractive Reality: Interest Rates Are Being Artificially and Deliberately
Manipulated
It's no secret that the Federal Reserve's low interest
rate policy and quantitative easing efforts have held interest rates very low
for very long. However, when people talk about stock market implications of
bond yields, they rarely mention the fact that bond yields are artificially low. In an
unmanipulated market, bond prices and stock valuations should be related, but I
regard that connection as highly dubious right now. Investors who say that
stocks deserve higher multiples (lower earnings yields) because bond yields are
so low may well be setting themselves up for disappointing returns/frustrating
losses when bond prices normalize. Again, this isn't a market timing call, and
yields may remain low for quite some time. But, eventually this discrepancy
will correct itself, and stock performance is likely to suffer at that time.
Perception vs. Reality #2 Perception: Earnings Growth Has Been Strong and Will Remain That Way Reality: Top-Line Growth Will Have to Pick Up; Cost-Cutting has Run Its
Course
Earnings growth has certainly been robust, but much of
the strength has come from companies running lean cost structures and wringing
as much efficiency as possible out of their employees and their assets. Though
the recession has ended, the economy is not yet healthy enough to fuel strong
sales growth. Companies can only boost profits by cutting costs and increasing
productivity for so long. Therefore, top-line growth will have to play a larger
role going forward than it has over the past 4-6 quarters. Whether or not
economic growth is strong enough to drive revenue increases is unsure, but the
current level of stock prices undoubtedly assumes it is. Any stagnation of the
recovery and concomitant sluggish sales will likely hit stock prices.
Perception vs. Reality #3 Perception: European Debt Crisis Drives Short-Term Volatility, but It's
Not a Long-Term Concern Reality: Crisis May Be a Harbinger of What's to Come in the U.S. if States,
the Feds Don't Improve Balance Sheets
So far, turmoil in Greece and Ireland has served only as
a temporary headwind to U.S. stocks. In keeping with the investment world's
increasingly short-term focus, people seem more concerned with what fiscal crises
in Europe mean for U.S. stocks over the coming days and months than with what
they might mean down the road. I believe that this interpretation misses the
mark. Since the U.S. fiscal situtation is generally considered to be stronger
than that in many European countries, U.S. federal and municipal debt issuance
has been relatively smooth, and interest rates have only risen modestly. If the
U.S. doesn't get serious about its fiscal woes, eventually the crisis will
arrive on American shores. There's no way of telling when this might happen,
but the current level of stock prices seems to imply that it never will.
Here's the problem with that. To fix the federal balance
sheet and/or to improve state and municipal balance sheets, legislators will
have to raise taxes and/or cut spending. Tax hikes and spending cuts both
reduce consumer spending. This hurts growth. There's no way around this. Stocks
can certainly continue to rise for some time, but austerity will be bearish
if/when it comes. If it doesn't come, we're in for a much bigger crisis some
time down the road.
Perception vs. Reality #4 Perception: Everywhere You Look, You See Good Companies at Cheap Prices Reality: It's Hard to Find Genuine Bargains, but There are Intriguing
Short Prospects Everywhere
There is no shortage of stock market commentators who
claim that they see bargains everywhere they look. Perhaps I'm not looking in
the right places, but I've been having a difficult and increasingly impossible
time finding good companies at reasonable prices. I use similar criteria to
assess long and short investments, and I find intriguing shorts in lots of
sectors right now. This tells me that valuations are stretched. Certainly they
can become more so before we get a selloff, but every day that stocks rally,
they get more expensive.
I've written on Seeking
Alpha about a number of stocks which I regard as expensive ( CRM , OPEN , GMCR ), and take my
word for it: there are plenty more than these whose shares I do not want to own
at present levels. A few weeks ago, I also mused about the Facebook-Goldman
deal and argued that this valuation is indicative of excessive investor
enthusiasm. Bargains are hard to find, and as valuations go up, so does
positive sentiment. While this is not a prediction of an impending correction
or bear market, it is a message of caution for people who think stocks are
cheap right now.
All that said, I always try to consider both sides of any
investment issue, and there are some reasons for optimism. Job growth has shown
signs of improvement, and some economic data have been increasingly (though not
uniformly) positive. The Federal Reserve remains accommodative, and I'm
skeptical about whether or not there is political will for austerity. For these
reasons, stocks could continue onward and upward. That said, I see too many
reasons for caution, and investors are turning a blind eye to these concerns as
their complacency rises.’
12
Economic Collapse Scenarios That We Could Potentially See In 2011 What could
cause an economic collapse in 2011? Well, unfortunately there are quite a few
“nightmare scenarios” that could plunge the entire globe into another massive
financial crisis. The Economic Collapse Jan 20, 2011
‘What could cause an economic collapse in 2011? Well, unfortunately there are
quite a few “nightmare scenarios” that could plunge the entire globe into
another massive financial crisis. The United States, Japan and most of
the nations in Europe are absolutely drowning in debt. The Federal
Reserve continues to play reckless games with the U.S. dollar. The price
of oil is skyrocketing and the global price of food just hit a new record
high. Food riots are already breaking out all over the world.
Meanwhile, the rampant fraud and corruption going on in world financial markets
is starting to be exposed and the whole house of cards could come crashing down
at any time. Most Americans have no idea that a horrific economic
collapse could happen at literally any time. There is no way that all of
this debt and all of this financial corruption is sustainable. At some
point we are going to reach a moment of “total system failure”.
So will it be soon? Let’s hope not. Let’s
certainly hope that it does not happen in 2011. Many of us need more time
to prepare. Most of our families and friends need more time to
prepare. Once this thing implodes there isn’t going to be an opportunity
to have a “do over”. We simply will not be able to put the toothpaste
back into the tube again.
So we had all better be getting prepared for hard
times. The following are 12 economic collapse scenarios that we could
potentially see in 2011….
#1 U.S. debt
could become a massive crisis at any moment. China is saying all of the
right things at the moment, but many analysts are openly worried about what
could happen if China suddenly
decides to start dumping all of the U.S. debt that they have accumulated.
Right now about the only thing keeping U.S. government finances going is the
ability to borrow gigantic amounts of money at extremely low interest
rates. If anything upsets that paradigm, it could potentially have
enormous consequences for the entire world financial system.
#2 Speaking of
threats to the global financial system, it turns out that “quantitative easing
2″ has had the exact opposite effect that Ben Bernanke planned for it to
have. Bernanke insisted that the main goal of QE2 was to lower interest
rates, but instead all it has done is cause interest rates to go up substantially . If
Bernanke this incompetent or is he trying to mess everything up on purpose?
#3 The debt
bubble that the entire global economy is based on could burst at any time and
throw the whole planet into chaos. According
to a new report from the World Economic Forum , the total amount of credit in
the world increased from $57 trillion in 2000 to $109 trillion in 2009.
The WEF says that now the world is going to need another $100 trillion in
credit to support projected “economic growth” over the next decade. So is
this how the new “global economy” works? We just keep doubling the total
amount of debt every decade?
#4 As the U.S.
government and the Federal Reserve continue to pump massive amounts of new
dollars into the system, the floor could fall out from underneath the U.S.
dollar at any time. The truth is that we are already starting to see
inflation really accelerate and everyone pretty much acknowledges that official
U.S. governments figures for inflation are an absolute joke. According
to one new study , the cost of college tuition has risen 286% over the
last 20 years, and the cost of “hospital, nursing-home and adult-day-care
services” rose 269% during those same two decades. All of this happened
during a period of supposedly “low” inflation. So what are price
increases going to look like when we actually have “high” inflation?
#5 One of the
primary drivers of global inflation during 2011 could be the price of
oil. A large number of economists are now projecting that the price of
oil could surge well
past $100 dollars a barrel in 2011. If that happens, it is going to put
significant pressure on the price of almost everything else in the entire
global economy. In fact, as
I have explained previously , the higher the price of oil goes, the
faster the U.S. economy will decline.
#6 Food inflation
is already so bad in some areas of the globe that it is setting off massive food riots in nations
such as Tunisia and Algeria. In fact, there have been reports of people
setting themselves on fire all
over the Middle East as a way to draw attention to how desperate they
are. So what is going to happen if global food prices go up another 10 or
20 percent and food riots spread literally all over the globe during 2011?
#7 There are persistent
rumors that simply will
not go away of massive physical gold and silver shortages.
Demand for precious metals has never been higher. So what is going to
happen when many investors begin to absolutely insist on physical delivery of
their precious metals? What is going to happen when the fact that far,
far, far more “paper gold” and “paper silver” has been sold than has ever
actually physically existed in the history of the planet starts to come
out? What would that do to the price of gold and silver?
#8 The U.S.
housing industry could plunge the U.S. economy into another recession at any
time. The real estate market is absolutely flooded with homes and
virtually nobody is buying. This massive oversupply of homes means that
the construction of new homes has fallen off a cliff. In 2010, only
703,000 single family, multi-family and manufactured homes were completed.
This was a new record low, and it was down 17% from the previous all-time
record which had just been set in 2009.
#9 A combination
of extreme weather and disease could make this an absolutely brutal year for
U.S. farmers. This winter we have already seen thousands of new cold
weather and snowfall records set across the United States. Now there is
some very disturbing news emerging out of Florida of an “incurable
bacteria” that is ravaging citrus crops all over Florida. Is there a reason
why so many bad things are happening all of a sudden?
#10 The municipal
bond crisis could go “supernova” at any time. Already, investors are
bailing out of bonds at a frightening pace. State and local government
debt is now sitting at an all-time high of 22
percent of U.S. GDP. According to Meredith Whitney, the municipal bond
crisis that we are facing is a gigantic threat to our financial system….
“It has tentacles as wide as anything I’ve seen. I think
next to housing this is the single most important issue in the United States
and certainly the largest threat to the U.S. economy.”
Former Los
Angeles mayor Richard Riordan is convinced that things are so bad that
literally 90% of our states and cities could go bankrupt over the next five
years….
#11 Of course on
top of everything else, the quadrillion dollar derivatives bubble could burst
at any time. Right now we are watching the greatest financial
casino in the history of the globe spin around and around and around and
everyone is hoping that at some point it doesn’t stop. Today, most money
on Wall Street is not made by investing in good business ideas. Rather,
most money on Wall Street is now made by making the best bets.
Unfortunately, at some point the casino is going to come crashing down and the
game will be over.
#12 The biggest
wildcard of all is war. The Korean peninsula came closer to war in 2010
than it had in decades. The Middle East could literally explode at any
time. We live in a world where a single weapon can take out an entire
city in an instant. All it would take is a mid-size war or a couple of
weapons of mass destruction to throw the entire global economy into absolute
turmoil.
Once again, let us hope that none of these economic
collapse scenarios happens in 2011.
However, we have got to realize that we can’t keep
dodging these bullets forever.
As bad as 2010 was, the truth is that it went about as
good as any of us could have hoped. Things are still pretty stable and
times are still pretty good right now.
But instead of using these times to “party”, we should be
using them to prepare.
A really, really vicious economic storm is coming and it
is going to be a complete and total nightmare. Get ready, hold on tight,
and say your prayers.’
Poor
Recovery: The Problem Is Institutional [ Well it’s true that the problem is institutional as in pervasively
corrupt, incompetent, nonproductive in real terms relative to their cost /
damage (still no pros on the wall street fraud which is ongoing in terms of the
last crisis, the worthless paper marked to anything, and the current bubble
fraud that’s high-frequency computerized churn-and-earn high-frequency
commissioned / sold into, 360 tons of $100 bills disappear in Iraq, etc.. What
do they get paid for?) ( Peter
Schiff: Washington a parasite to economy ‘ US foreclosures hit record
highs in 2010, but that may not be the worst of it. 2011 may be even worse.
Meanwhile, JP Morgan Chase exceeded market expectations, announcing a 47% rise
in quarterly profits and released details on a $28.1 billion pay and bonus
pool. Peter Schiff, the President of Euro Pacific Capital said Washington and
Wall Street are becoming one force and are sucking the underlying American dry
like a parasite’ .); but the problem is
structural, as in transfer of jobs, industries, etc. (among the sources of the
huge over-compensation to wall street, company executives), never to return in
any meaningful sense; and as in the defacto bankruptcy of the nation with
insurmountable record debt / deficits or stated another way, broke. Unlike in
the past, once beyond the propaganda, rhetoric, and smoke and mirrors /
obfuscation, there is no prospective way for america to grow its way out, nor
are there funds in real money with which to do it. Quite simply, america’s
broke / bankrupt in every which way. ]
Loundsbury ‘Harold Meyerson, Op Ed Columnist at The Washington Post , has hit the nail right on the head, in the opinion of GEI . Meyerson says
the debate about whether the recession and poor recovery is a cyclical problem
or a structural problem is misguided. He says the problem is institutional - -
- and is he ever right! In a column last week, Myerson points out that the
devastation of The Great Recession has fallen disproportionately on the blue
collar population, those without a college degree. And he traces the rolling
over of median family income in this century, not just in the downturn, but
since the turn of the century. Even at the peak, in 2007, median family income
was less than in 2000.
What Meyerson doesn't point out is that average incomes
have faired better in the 21st century and in all of the past 50 years. In
fact, average family income has risen more than 2.5 times as much and median
income over the last 30 years. Why is this important? Because the more there is
a fat tail of ever higher incomes for a few, the greater the difference between
average and median income becomes.
Myerson says:
The great
sociologist William
Julius Wilson has long argued that the key to the
unraveling of the lives of the African American poor was the decline in the
number of "marriageable males" as work disappeared from the inner
city. Much the same could now be said of working-class whites in neighborhoods
that may not look like the ghettos of Cleveland or Detroit but in which productive
economic activity is increasingly hard to find.
This grim new
reality has yet to inform our debate over how to come back from this
mega-recession. Those who believe our downturn is cyclical argue that
job-creating public spending can restore us to prosperity, while those who
believe it's structural - that we have too many carpenters, say, and not enough
nurses - believe that we should leave things be while American workers acquire
new skills and enter different lines of work. But there's a third way to look
at the recession: that it's institutional, that it's the consequence of the
decisions by leading banks and corporations to stop investing in the
job-creating enterprises that were the key to broadly shared prosperity.
Since Meyerson
has chosen income disparity as a cornerstone of his argument, let's look at how
incomes have grown over the last 50 years. These are shown in the following
graph, not adjusted for inflation.
click to
enlarge images [chart]
Real median
income and average income seem to grow similarly in the 1950s and 1960s, the
growth of average income starts to pull away in the mid-1960s and appears to
continue to gain gound for the the next 40+ years. The more average income
deviates from median income the more money is found in the high income tail on
the distribution curve. This is often called a "fat tail", which is
very appropriate in this discussion because that is where the fat cats are. The
fat tail has not gotten so because ten times as many people equaled the incomes
of the former fat cats, but more because a few fat cats have received 10 times
the income. This is exemplified by the often quoted statistic that average CEO
salaries were 40x average worker pay 50 years ago and today are more like 400x.
The change
income distribution that seems to be appearing in the above graph becomes more
apparent in the following graph where real income gains are shown for the last
six decades starting with the ten years from 1949 - 1959 (the 1950s) and ending
with 1999 - 2009 (the 2000s). [chart]
The 1950s and
60s were real boom years. Starting with the 1970s a lower level of income
growth was established, but even that lower level could not be maintained in
the 2000s.
After the 1950s
every decade has seen average real income grow more than the median. The fat
tail has gotten fatter over the past half century in every decade, without
exception. Yes the average did decline in the 2000s, but the median declined
76% more!
The most
dramatic pattern of change is evident when the data is divided into two halves:
1949 to 1979 and 1979 - 2009. This is done in the following graph: [chart]
For thirty
years after World War II the wealth of the country increased in a balanced
manner. The average income containing the greater contribution from the top
earners of the day, grew at a rate very similar to the income growth of the
broader population, represented by the median.
Yes there were
"fat cats" and they had significantly larger incomes than the bulk of
the population. And these top incomes grew over those three decades, but at
almost the same rate as the majority of the populace.
Then something
happened. From 1979-2009 it appears that the American pie suddenly got smaller.
In the later three decades the real median income growth was less than 10% of
the rate seen from 1949 to 1979. And as the pie got smaller, the fat cats took
a much larger share. The average income grew at a rate 254% that of the median
income. You might say that, as the cow gave less milk, the top of the economic
ladder skimmed more and more cream off the top.
Meyerson
identifies the force majuere to be corporate America:
Our
multinational companies still invest, of course - just not at home. A study by
the Business
Roundtable and the U.S. Council Foundation found that the
share of the profits of U.S.-based multinationals that came from their foreign
affiliates had increased from 17 percent in 1977 and 27 percent in 1994 to 48.6
percent in 2006. As the companies' revenue from abroad has increased, their
dependence on American consumers has diminished. The equilibrium among
production, wages and purchasing power - the equilibrium that Henry Ford
famously recognized when he upped his workers' pay to an unheard-of $5 a day in
1913 so they could afford to buy the cars they made, the equilibrium that
became the model for 20th-century American capitalism - has been shattered.
Making and selling their goods abroad, U.S. multinationals can slash their
workforces and reduce their wages at home while retaining their revenue and
increasing their profits. And that's exactly what they've done.
Meyerson
doesn't get into some of the other areas that might be brought to bear on the
current condition of the American economy:
He doesn't
address the fact that the U.S. ranks below some third world countries in
education. He doesn't
discuss the increasing burden of health care, both because costs have been
running out of control and because an ever increasing portion of the
population is kept from making the contribution they might have otherwise
because of poor health. He doesn't
discuss the capture of much potential domestic capital by financial
engineers who find it much easier to get rich in a rigged casino than to
make money the old fashioned way.
Part of the
problem is that Americans have fallen into the way of the easiest path, where,
either by credit card or by making quick trades, the desires of the moment are
satisfied with no seemingly current cost.
It seems that
few want to think about the needs of tomorrow. This is true starting with the
masses who kiss off the idea of working hard in school to prepare for what they
will need 20 years down the road. This is also true of the
"capitalist" who finds that skimming a few percent off each of many
deals a year to get quick, large quarterly returns is much easier than
investing and building something that will will make much larger returns
extending over decades and producing things of real economic utility.
There are a
number of things that Meyerson does not address, but if you want to hit one
nail at a time, I think he has picked the baddest nail in the plank. He
finishes his column thusly:
Our economic
woes, then, are not simply cyclical or structural. They are also - chiefly -
institutional, the consequence of U.S. corporate behavior that has plunged us
into a downward cycle of underinvestment, underemployment and
under-consumption. Our solutions must be similarly institutional, requiring,
for starters, the seating of public and worker representatives on corporate
boards. Short of that, there will be no real prospects for reversing America's
downward mobility.
If we were to
address all the other issues I mentioned previously and did not address the
institutional problem Meterson has identified, we would not ultimately solve
our economic puzzle.’
20
Shocking New Economic Records That Were Set In 2010 2010 was quite
a year, wasn’t it? 2010 will be remembered for a lot of things, but for those
living in the United States, one of the main things that last year will be
remembered for is economic decline… The Economic Collapse Jan 14,
2011 ‘2010 was quite a year, wasn’t
it? 2010 will be remembered for a lot of things, but for those living in
the United States, one of the main things that last year will be remembered for
is economic decline. The number of foreclosure filings set a new record,
the number of home repossessions set a new record, the number of bankruptcies
went up again, the number of Americans that became so discouraged that they
simply quit looking for work reached a new all-time high and the number of
Americans on food stamps kept setting a brand new record every single
month. Meanwhile, U.S. government debt reached record highs, state
government debt reached record highs and local government debt reached record
highs. What a mess! In fact, even many of the “good” economic
records that were set during 2010 were indications of underlying economic
weakness. For example, the price of gold set an all-time record during
2010, but one of the primary reasons for the increase in the price of gold was
that the U.S. dollar was rapidly losing value. Most Americans had been
hoping that 2010 would be the beginning of better times, but unfortunately
economic conditions just kept getting worse.
So will things improve in 2011? That would be nice,
but at this point there are not a whole lot of reasons to be optimistic about
the economy. The truth is that we are trapped in a period of long-term
economic decline and we are now paying the price for decades of horrible
decisions.
Amazingly, many of our politicians and many in the
mainstream media have declared that “the recession is over” and that the U.S.
economy is steadily improving now.
Well, if anyone tries to tell you that the economy got
better in 2010, just show them the statistics below. That should shut
them up for a while.
The following are 20 new economic records that were set
during 2010….
#1 An all-time
record of 2.87
million U.S. households received a foreclosure filing in 2010.
#2 The number of
homes that were actually repossessed reached
the 1 million mark for the first time ever during 2010.
#3 The price of
gold moved above $1400 an ounce for the first time ever during 2010.
#4 According to
the American Bankruptcy Institute, approximately 1.53 million consumer
bankruptcy petitions were filed in 2010, which was up 9 percent from 1.41
million in 2009. This was the highest number of personal bankruptcies we have
seen since the U.S. Congress substantially tightened U.S. bankruptcy law
several years ago.
#5 At one point
during 2010, the average time needed to find a job in the United States had
risen to an all-time record of 35.2 weeks .
#6 Back in 1970,
25 percent of all jobs in the United States were manufacturing jobs. Today, only 9 percent of the jobs in
the United States are manufacturing jobs, which is believed to be a new record
low.
#7 The number of
Americans working part-time jobs “for economic reasons” was the highest it has
been in at least five decades during 2010.
#8 The number of
American workers that are so discouraged that they have given up searching for
work reached an all-time high near the end of 2010.
#9 Government
spending continues to set new all-time records. In fact, at the moment
the U.S. government is spending approximately 6.85 million
dollars every single minute.
#10 The number of
Americans on food stamps surpassed
43 million by the end of 2010. This was a new all-time record,
and government officials fully expect the number of Americans enrolled in the
program to continue to increase throughout 2011.
#11 The number of
Americans on Medicaid surpassed 50
million for the first time ever in 2010.
#12 The U.S.
Census Bureau originally announced that 43.6 million Americans are now living
in poverty and according to them that was the highest number of Americans
living in poverty that they had ever recorded in 51 years of
record-keeping . But now the Census Bureau says that they
miscalculated and that the real number of poor Americans is actually 47.8 million .
#13 According to
the FDIC, 157
banks failed during 2010. That was the highest number of bank failures
that the United States has experienced in any single year during the past decade.
#14 The Federal
Reserve brought in a record $80.9 billion in profits
during 2010. They returned $78.4 billion of that to the U.S. Treasury,
but the real story is that thanks to the Federal Reserve’s continual debasement
of our currency, the U.S. dollar was
worth less in 2010 than it ever had been before.
#15 It is projected
that the major financial firms on Wall Street will pay out an all-time
record of $144 billion in
compensation for 2010.
#16 Americans now
owe more than $881 billion on student
loans, which is a new all-time record.
#17 In July, sales
of new homes in the United States declined to the lowest level
ever recorded .
#18 According to
Zillow, U.S. housing prices have now declined a
whopping 26 percent since their peak in June 2006. Amazingly, this is
even farther than house prices fell during the Great Depression. From
1928 to 1933, U.S. housing prices only fell 25.9 percent.
#19 State and
local government debt reached at an all-time record of 22 percent of U.S. GDP during 2010.
#20 The U.S.
national debt has surpassed the 14 trillion
dollar mark for the first time ever and it is being projected that
it will soar well past 15 trillion during 2011.
There are some people that have a hard time really
grasping what statistics actually mean. For people like that, often
pictures and charts are much more effective. Well, that is one reason I
like to include pictures and graphs in many of my articles, and below I have
posted my favorite chart from this past year. It shows the growth of the
U.S. national debt from 1940 until today. I honestly don’t know how
anyone can look at this chart and still be convinced that our nation is not
headed for a complete financial meltdown…. [chart]
14 Eye Opening Statistics Which Reveal Just How
Dramatically The U.S. Economy Has Collapsed Since 2007 Most Americans
have become so accustomed to the “new normal” of continual economic decline
that they don’t even remember how good things were just a few short years ago.
‘ The
Economic Collapse Jan 10, 2011
Sadly, our economic situation is continually getting
worse. Every month the United States loses more factories. Every
month the United States loses more jobs. Every month the collective
wealth of U.S. citizens continues to decline. Every month the federal
government goes into even more debt. Every month state and local
governments go into even more debt.
Unfortunately, things are going to get even worse in the
years ahead. Right now we look back on 2005, 2006 and 2007 as “good
times”, but in a few years we will look back on 2010 and 2011 as “good times”.
We are in the midst of a long-term economic decline, and
the very bad economic choices that we have been making as a nation for decades
are now starting to really catch up with us.
So as horrible as you may think that things are now, just
keep in mind that things are going to continue to deteriorate in the years
ahead.
But for the moment, let us remember how far we have
fallen over the past few years. The following are 14 eye opening statistics
which reveal just how dramatically the U.S. economy has collapsed since 2007….
#1 In November 2007, the official U.S.
unemployment rate was just 4.7 percent. Today, the official U.S.
unemployment rate is 9.4 percent .
#2 In November 2007, 18.8% of
unemployed Americans had been out of work for 27 weeks or longer. Today
that percentage is up to 41.9% .
#3 As 2007 began, there were just over
1 million Americans that had been unemployed for half a year or longer.
Today, there are over
6 million Americans that have been unemployed for half a year or longer.
#4 Nearly 10 million Americans now
receive unemployment insurance, which is
almost four times as many as were receiving it back
in 2007.
#5 More than half of the U.S. labor force
( 55 percent ) has “suffered a spell of
unemployment, a cut in pay, a reduction in hours or have become involuntary
part-time workers” since the “recession” began in December 2007.
#6 According to one analysis, the
United States has lost a total of approximately
10.5 million jobs since 2007.
#7 As 2007 began, only 26 million
Americans were on food stamps. Today, an all-time record of 43.2 million Americans are enrolled in
the food stamp program.
#8 In 2007, the U.S. government held a
total of $725 billion in mortgage debt. As of the middle of 2010, the
U.S. government held a total of $5.148 trillion in mortgage debt.
#9 In the year prior to the “official”
beginning of the most recent recession in 2007, the IRS filed just 684,000 tax
liens against U.S. taxpayers. During 2010, the IRS filed over a million tax liens against U.S.
taxpayers.
#10 From the year 2000 through the year
2007, there were 27 bank failures in the United States. From 2008 through
2010, there were 314 bank failures in the United
States.
#11 According to the U.S. Department of
Housing and Urban Development, the number of U.S. families with children living
in homeless shelters increased from 131,000 to 170,000 between 2007 and
2009.
#12 In 2007, one poll found that 43
percent of Americans were living “paycheck to paycheck”. Sadly, according
to a survey released very close to the end of 2010, approximately 55 percent of all Americans
are now living paycheck to paycheck.
#13 In 2007, the “official” federal
budget deficit was just 161 billion dollars. In 2010, the “official”
federal budget deficit was approximately 1.3 trillion dollars .
#14 As 2007 began, the U.S. national
debt was just under 8.7 trillion dollars. Today, the U.S. national
debt has just surpassed 14 trillion dollars and it continues
to soar into the stratosphere.
So is there any hope that we can turn all of this around?
Unfortunately, the massive amount of debt that we have
piled up as a society over the last several decades has made that impossible.
If you add up all forms of debt (government debt,
business debt, individual debt), it comes to approximately 360 percent of
GDP. It is the biggest debt bubble in the history of the world.
If the federal government and our state governments stop
borrowing and spending so much money, our economy would collapse. But if
they keep borrowing and spending so much money they will continually make the
eventual economic collapse even worse .
We are in the terminal stages of the most horrific debt
spiral the world has ever seen, and when the debt spiral gets stopped the house
of cards is going to finally come down for good.
So enjoy these times while you still have them.
Yes, today is not nearly as prosperous as 2007 was, but today is most
definitely a whole lot better than 2015 or 2020 is going to be.
Sadly, we could have avoided this financial disaster
completely if only we had listened more carefully to those that founded this
nation. Once upon a time, Thomas Jefferson said
the following ….
I wish it were
possible to obtain a single amendment to our Constitution. I would be willing
to depend on that alone for the reduction of the administration of our
government to the genuine principles of its Constitution; I mean an additional
article, taking from the federal government the power of borrowing.’
Tipping
Point: 25 Signs That The Coming Financial Collapse Is Now Closer Then Ever The financial collapse that so many of us have been
anticipating is seemingly closer then ever. Over the past several weeks, there
have been a host of ominous signs for the U.S. economy. The
Economic Collapse
The financial collapse that so many of us have been
anticipating is seemingly closer then ever. Over the past several weeks,
there have been a host of ominous signs for the U.S. economy. Yields on
U.S. Treasuries have moved up rapidly and Moody’s is publicly warning that it
may have to cut the rating on U.S. government debt soon. Mortgage rates
are also moving up aggressively. The euro and the U.S. dollar both look incredibly
shaky. Jobs continue to be shipped out of the United States at a
blistering pace as our politicians stand by and do nothing. Confidence in
U.S. government debt around the globe continues to decline. State and
local governments that are drowning in debt across the United States are
savagely cutting back on even essential social services and are coming up with
increasingly “creative” ways of getting more money out of all of us.
Meanwhile, tremor after tremor continues to strike the world financial system.
So does this mean that we have almost reached a tipping point? Is the
world on the verge of a major financial collapse?
Let’s hope not, but with each passing week the financial
news just seems to get eve worse. Not only is U.S. government debt
spinning wildly toward a breaking point, but many U.S. states (such as
California) are in such horrific financial condition that they are beginning to
resemble banana republics.
But it is not just the United States that is in
trouble. Nightmarish debt problems in Greece, Spain, Portugal, Ireland,
Italy, Belgium and several other European nations threaten to crash the euro at
any time. In fact, many economists are now openly debating which will
collapse first – the euro or the U.S. dollar.
Sadly, this is the inevitable result of constructing a
global financial system on debt. All debt bubbles eventually
collapse. Currently we are living in the biggest debt bubble in the
history of the world, and when this one bursts it is going to be a disaster of
truly historic proportions.
So will we reach a tipping point soon? Well, the
following are 25 signs that the financial collapse is rapidly getting closer….
#1 The official
U.S. unemployment rate has not been beneath 9 percent since
April 2009 .
#2 According to
the U.S. Census Bureau, there are currently 6.3
million vacant homes in the United States that are either for sale or for
rent.
#3 It is being
projected that the U.S. trade deficit with China could hit 270 billion dollars for the entire
year of 2010.
#4 Back in 2000,
7.2 percent of blue collar workers were either unemployed or
underemployed. Today that figure is up
to 19.5 percent .
#5 The Chinese
government has accumulated approximately $2.65 trillion in total
foreign exchange reserves. They have drained this wealth from the
economies of other nations (such as the United States) and instead of
reinvesting all of it they are just sitting on much of it. This is
creating tremendous imbalances in the global economy.
#6 Since the year
2000, we have lost 10% of our middle class jobs. In the
year 2000 there were approximately 72 million middle class jobs in the United
States but today there are only about 65 million middle class jobs.
#7 The United
States now employs about the same number of people in manufacturing as
it did back in 1940 . Considering the fact that we had 132 million
people living in this country in 1940 and that we have well over 300 million
people living in this country today, that is a very sobering statistic.
#8 According to
CoreLogic, U.S. housing prices have now declined for
three months in a row .
#9 The average
rate on a 30 year fixed rate mortgage soared
11 basis points just this past week. As mortgage rates continue to
push higher it is going to make it even more difficult for American families to
afford homes.
#10 22.5 percent
of all residential mortgages in the United States were in negative equity as of the end of the third
quarter of 2010.
#11 The U.S.
monetary base has
more than doubled since the beginning of the most recent recession.
#12 U.S. Treasury
yields have been rising steadily during the 4th quarter of 2010 and
recently hit a six-month high .
#13 Incoming
governor Jerry Brown is scrambling to find $29 billion more to cut from the
California state budget. The
following quote from Brown about the desperate condition of California state
finances is not going to do much to inspire confidence in California’s
financial situation around the globe….
“We’ve been
living in fantasy land. It is much worse than I thought. I’m shocked.”
#14 24.3
percent of the residents of El Centro, California are currently unemployed.
#15 The average
home in Merced, California has declined in value by
63 percent over the past four years.
#16 Detroit Mayor
Dave Bing has come up with a new way to save money. He wants to cut 20
percent of Detroit off from essential social services such as road repairs,
police patrols, functioning street lights and garbage collection.
#17 The second
most dangerous city in the United States – Camden, New Jersey – is about to lay
off about
half its police in a desperate attempt to save money.
#18 In 2010, 55
percent of Americans between the ages of 60 and 64 were in the labor
market. Ten years ago, that number was just 47 percent. More older
Americans than ever find that they have to keep working just to survive.
#19 Back in 1998,
the United States had 25 percent of the world’s high-tech export market and
China had just 10 percent. Ten years later, the United States had less than 15
percent and China’s share had soared to 20 percent .
#20 The U.S.
government budget deficit increased to a whopping $150.4 billion last month,
which represented the biggest November budget deficit on record .
#21 The U.S.
government is somehow going to have to roll over existing debt and finance new
debt that
is equivalent to 27.8 percent of GDP in 2011.
#22 The United
States had been the leading consumer of energy on the globe for about 100
years, but this past summer China took over the number one spot .
#23 According to
an absolutely stunning new poll, 40 percent of all U.S. doctors plan to bail
out of the profession over the next three years.
#24 As 2007 began,
there were just over 1 million Americans that had been unemployed for half a
year or longer. Today, there are over
6 million Americans that have been unemployed for half a year or longer.
#25 All over the
United States, local governments have begun instituting “police response
fees”. For example, New York Mayor Michael Bloomberg has come up with a
plan under which a
fee of $365 would be charged if police are called to respond to an
automobile accident where no injuries are involved. If there are injuries
as a result of the crash that is going to cost extra.
16
Nightmarish Economic Trends To Watch Carefully In 2011 The American
Dream Dec 15, 2010 ‘If you
only watch the “economic pundits” on television, it can be very confusing to
figure out exactly what is happening with the U.S. economy. One pundit
will pull out a couple statistics that got a little bit better over the past
month and claim that we have entered a time of solid recovery. Another
pundit will pull out a couple statistics that got a little worse over the past
month and claim that we are headed for trouble. So what is the
truth? Well, if you really want to get a clear idea of what is really
going on you have to look at the long-term trends. There are some economic
trends which just keep getting worse year after year after year, and it is
those trends that tell the real story of the decline of our economic system. As you examine the long-term trends, you quickly come to
realize that the U.S. is trapped in an endless spiral of debt, the middle class
is being wiped out, the U.S. dollar is being destroyed and America is rapidly
becoming a post-industrial wasteland.
Posted below are 16 nightmarish economic trends to watch
carefully in 2011. It is becoming exceedingly apparent that unless
something is done rapidly we are heading for an economic collapse of
unprecedented magnitude….
#1 Do you want to
see something scary? Just check out the chart below. Since the
beginning of the economic downturn, the U.S. monetary base has more than doubled.
But don’t worry – Federal Reserve Chairman Ben Bernanke has promised us that
this could never cause inflation. In fact, Bernanke says that we need to
inject even more dollars into the economy. So if you are alarmed by the
chart below, you are just being irrational according to Bernanke….
[chart]
#2 Thousands of
our factories, millions of our jobs and hundreds of billions of dollars of our
national wealth continue to be shipped overseas. In 1985, the U.S. trade
deficit with China was 6 million dollars for the entire
year . In the month of August alone, the U.S. trade deficit
with China was
over 28 billion . Nobel economist Robert W. Fogel
of the University of Chicago is projecting that the Chinese economy will be three times larger than the U.S. economy by the year
2040 if current trends continue.
#3 The United
States is rapidly becoming a post-industrial wasteland. Back in 1959,
manufacturing represented 28
percent of all U.S. economic output. In 2008, it represented only 11.5
percent and it continues to fall. Sadly, the truth is that America is
being deindustrialized. As of the end of 2009, less
than 12 million Americans worked in manufacturing. The last time that less
than 12 million Americans were employed in manufacturing was in 1941.
#4 The number of
Americans that have been out of work for an extended period of time has
absolutely exploded over the last few years. As 2007 began, there were
just over 1 million Americans that had been unemployed for half a year or
longer. Today, there are over
6 million Americans that have been unemployed for half a year or longer.
#5 The middle
class continues to be squeezed out of existence. According to a poll taken in 2009 , 61 percent of
Americans ”always or usually” live paycheck to paycheck. That was
up substantially from 49 percent in 2008 and 43 percent in 2007.
#6 The number of
Americans living in poverty is absolutely skyrocketing. 42.9 million
Americans are now on food stamps, and one out of every six Americans is
now enrolled in at least one anti-poverty program run by the federal
government. Unfortunately, many of those that have been hardest hit by
this economic downturn have been children. According to one new
study, approximately 21 percent of all children in the United States are
living below the poverty line in 2010 - the highest rate in 20 years.
#7 Many American
families have been pushed beyond the breaking point during this economic
downturn. Over 1.4 million Americans filed for personal bankruptcy in
2009, which represented a
32 percent increase over 2008 . The final number for 2010 is
expected to be even higher.
#8 The U.S. real
estate market continues to stagnate. During
the third quarter of 2010 , 67 percent of mortgages in Nevada were “underwater”, 49
percent of mortgages in Arizona were “underwater” and 46 percent of mortgages
in Florida were “underwater”. So what happens if home prices go down even
more?
#9 More elderly
Americans than ever are being forced to put off retirement and continue
working. In 2010, 55
percent of Americans between the ages of 60 and 64 were in the labor
market. Ten years ago, that number was just 47 percent.
Unfortunately, it looks like this problem will only get worse in the years
ahead. In America today, approximately half of all workers have
less than $2000 saved up for retirement.
#10 In the United
States today, there are simply far too many retirees and not nearly enough
workers to support them. Back in 1950 each retiree’s Social Security
benefit was paid for by 16 workers. Today, each retiree’s
Social Security benefit is paid for by approximately 3.3 workers.
By 2025 it is projected that
there will be approximately two workers for each retiree.
#11 Financial
assets continue to become concentrated in fewer and fewer hands. For
example, the “big four” U.S. banks (Citigroup, JPMorgan Chase, Bank of
America and Wells Fargo) had approximately 22 percent of all deposits in
FDIC-insured institutions back in 2000. As of the middle of 2009 that
figure was up to 39 percent .
#12 The Federal
Reserve has been destroying the value of the U.S. dollar for decades.
Since the Federal Reserve was created in 1913, the U.S. dollar has lost over 95
percent of its purchasing power. An item that cost $20.00 in
1970 would cost you $112.35 today.
An item that cost $20.00 in 1913 would cost you $440.33 today.
#13 Commodity
prices continue to soar into the stratosphere. Ten years ago, the price
of a barrel of oil hovered around 20 to 30
dollars most of the time. Today, the price of oil is rapidly closing in on
100 dollars a barrel and there are now fears that it could soon go much higher
than that.
#14 Federal
government spending is completely and totally out of control. The U.S.
government budget deficit increased to a whopping $150.4 billion last month,
which represented the biggest November deficit on record . But our
politicians can’t seem to break their addiction to debt. In fact,
Democrats are trying to ram through a
1,924 page, 1.1 trillion dollar spending bill in the final days of the
lame-duck session of Congress before the Republicans take control of the House
of Representatives next year.
#15 The U.S.
national debt is rapidly closing in on
14 trillion dollars . It is more than 13 times larger than it was just
30 short years ago. According to an official U.S. Treasury
Department report to Congress, the U.S. national debt is projected to climb
to an estimated $19.6 trillion by 2015 .
#16 Unfortunately,
the official government numbers grossly understate the horrific nature of the
crisis we are facing. John Williams of Shadow Government Statistics has
calculated that if the federal government would have used GAAP accounting
standards to measure the federal budget deficit for 2009, it would have been approximately 8.8
trillion dollars . Not only that, but John Williams now says that
U.S. government debt is so wildly out
of control that it is mathematically impossible for us to “grow”
our way out of it….
The
government’s finances not only are out of control, but the actual deficit is
not containable. Put into perspective, if the government were to raise
taxes so as to seize 100% of all wages, salaries and corporate profits, it
still would be showing an annual deficit using GAAP accounting on a consistent basis.
In like manner, given current revenues, if it stopped spending every
penny (including defense and homeland security) other than for Social Security
and Medicare obligations, the government still would be showing an annual
deficit. Further, the U.S. has no potential way to grow out of this
shortfall.
The more one
examines the U.S. economic situation, the more depressing it becomes. The
U.S. financial system is trapped inside a horrific debt spiral and we are
headed straight for economic oblivion.
If our leaders
attempt to interrupt the debt spiral it will plunge our economy into a
depression. If our leaders attempt to keep the debt spiral going for
several more years it will just make the eventual crash even worse.
Either way, we are headed for a financial implosion that will be truly
historic.
The debt-fueled
good times that we have been enjoying for the last several decades are rapidly
coming to an end. Unfortunately for the tens of millions of Americans
that are already suffering, our economic problems are only going to get worse
in the years ahead.’
Jobless
Recovery?: 25 Unemployment Statistics That Are Almost Too Depressing To Read ‘… Unemployment is up again! That’s right – even though
Wall Street is swimming in cash and the Obama administration is declaring that
“the recession is over”, the U.S. unemployment rate has gone even higher. So
are you enjoying the jobless recovery? Economic
Collapse Blog Dec 4, 2010 ‘Guess
what? Unemployment is up again! That’s right – even though Wall
Street is swimming in cash and the Obama administration is declaring that “the
recession is over”, the U.S. unemployment rate has gone even higher ... Times
are really, really tough and unfortunately the long-term outlook is very
bleak. We should have compassion on those who are out of work right now,
because soon many of us may join them. The following are 25 unemployment statistics that are
almost too depressing to read….
#1 According to
the Bureau of Labor Statistics, the U.S. unemployment rate for November was 9.8
percent . This was up from 9.6 percent in October, and it continues a trend
of depressingly high unemployment rates. The official unemployment number
has been at 9.5 percent or higher for well over a year at this point.
#2 In November
2006, the “official” U.S. unemployment rate was just 4.5 percent .
#3 Most
economists had been expecting the U.S. economy to add about 150,000 jobs in
November. Instead, it
only added 39,000 .
#4 In the United
States today, there are over 15
million people who are “officially” considered to be unemployed for statistical
purposes. But everyone knows that the “real” number is even much larger
than that.
#5 As 2007 began,
there were just over 1 million Americans that had been unemployed for half a
year or longer. Today, there are over
6 million Americans that have been unemployed for half a year or longer.
#6 The number of
“persons not in the labor force” in the United States recently
set another new all-time record .
#7 It now takes
the average unemployed American over
33 weeks to find a job.
#8 When you throw
in “discouraged workers” and “underemployed workers”, the “real” unemployment
rate in the state of California is
actually about 22 percent .
#9 In America
today there are not nearly enough jobs for everyone. In fact, there are
now approximately
5 unemployed Americans for every single job opening.
#10 According to The New York Times , Americans
that have been unemployed for five weeks or less are three times more likely to
find a new job in the coming month than Americans that have been unemployed for
over a year.
#11 The U.S.
economy would need to create 235,120
new jobs a month to get the unemployment rate down to pre-recession
levels by 2016. Does anyone think that there is even a prayer that is
going to happen?
#12 There are 9
million Americans that are working part-time for “economic reasons”.
In other words, those Americans would gladly take full-time jobs if they could
get them, but all they have been able to find is part-time work.
#13 In 2009, total
wages, median wages, and average wages all
declined in the United States.
#14 As of the end
of 2009, less than 12 million Americans worked in manufacturing. The last
time that less
than 12 million Americans were employed in manufacturing was in 1941.
#15 The United
States has lost at least 7.5
million jobs since the recession began.
#16 Today, only
about 40 percent of Ford Motor Company’s 178,000 workers are employed
in North America, and a big percentage of those jobs are in Canada and
Mexico.
#17 In 1959,
manufacturing represented 28
percent of U.S. economic output. In 2008, it represented 11.5 percent.
#18 Earlier this
year, one poll found that 28% of all American households had at least
one member that was looking for a full-time job.
#19 In the United
States today, over
18,000 parking lot attendants have college degrees.
#20 The United
States has lost a staggering
32 percent of its manufacturing jobs since the year 2000.
#21 As the
employment situation continues to stagnate, millions of American families have
decided to cut back on things such as insurance coverage. For example,
the percentage of American households that have life insurance coverage is at
its lowest level in
50 years .
#22 Unless Congress
acts, and there is no indication that is going to happen, approximately 2
million Americans will stop receiving unemployment checks over the next
couple of months.
#23 A poll that
was released by the Pew Research Center back in June discovered that an
astounding 55 percent of the U.S. labor force has experienced either
unemployment, a pay decrease, a reduction in hours or an involuntary move
to part-time work since the economic downturn began.
#24 According to
Richard McCormack, the United States has lost over
42,000 factories (and counting) since 2001.
#25 In the United
States today, 317,000
waiters and waitresses have college degrees.
But this is what we get for creating the biggest debt
bubble in the history of the world. For decades we have been digging a
deeper hole for ourselves by going into increasingly larger amounts of
debt. In America today, our entire economy is based on debt. Even
our money
is debt . We were fools if we ever thought this could go on forever. Just
think about it. Have you ever gone out and run up a bunch of debt?
It can be a lot of fun sitting behind the wheel of a new car, running your
credit cards up to the limit and buying a beautiful big house that you cannot
afford. But in the end what happens? It always catches up with you. Well, our
collective debt is starting to catch up with us. There is a sea of red ink
on every level of American society. It is only a matter of time before it
destroys our economy. IF YOU THINK THAT THINGS ARE BAD NOW, JUST WAIT.
THINGS ARE GOING TO GET A WHOLE LOT WORSE. A HORRIFIC ECONOMIC COLLAPSE
IS COMING, AND IT IS GOING TO BE VERY, VERY PAINFUL.’
Howard Davidowitz on the Economy:
"Here Are the Numbers ... WE'RE BROKE!" 11-25-10
‘The
U.S. economy "is a complete disaster," Howard Davidowitz declared here in July, the most recent in a string of dire predictions from Tech Ticker's most entertaining
guest.On the eve of Thanksgiving, I asked Davidowitz if he had any regrets, or
was ready to throw in the towel given recent signs of economic revival. Are you kidding me? "Here are the numbers...we're
broke," Davidowitz declares, noting the U.S. government goes $5 billion
deeper into debt every day and is facing $1 trillion-plus annual deficits for
the next decade. "In other words, we're bankrupt."As with the
economy, Davidowitz is unwaveringly consistent in his views on President Obama,
calling him "deranged, dysfunctional and discredited."Results of the
midterm election show "the people of this country think we are in a
catastrophe," he says. "I'm with them."Check the accompanying
video for more of Howard's unfettered opinions and stay tuned for additional clips from this interview. And...Happy
Thanksgiving! Aaron
Task is the host of Tech Ticker. You can follow him on Twitter at @atask [email protected]
Timid
Tuesday: Is it Safe? Davis ‘… This is how we pay off our current
debts and I think bondholders are simply happy to get anything out of a country
that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn
(entire global GDP) in the form of unfunded liabilities. The funniest thing
about this (and you have to laugh) is to see Conservative pundits get on TV and
talk about how we need to cut $100Bn worth of discretionary spending to "fix"
this (while continuing to spend $1Tn on the military and $1Tn on tax cuts for
the top 1% each year). There is no fixing this and even a Republican said you
can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS –
PLEASE BE CAREFUL OUT THERE! ‘
17 Things Worrying
Investors Lloyd's Wall of Worry stock exchange . But wait -- with no retail saps to
pick-off they will never get that Day 1 opening bell tick. Perfect. Million Dollar and the $0.99 Cent.” And both are
pissed about it.
LiveLeak.com - Loonie closes above U.S. dollar … dollar for first time closes below
parity on Canadian loonie … hey, hey, hey … 'Huge' stock decline — but not yet MarketWatch - Brimelow ‘Commentary:
Adens … ‘mega trend’ looks grim … The Adens expect a hyperinflationary collapse
… ‘ Oh
come on! Manipulated dollar decline with inflated earnings, stock prices
thereby, etc., … we’ve seen this all before … the last few crashes … Jobless
rate jumps to 9.8% as hiring slows (Washington Post) [ The reality is not a mystery! The nation’s
been thrown under the bus for the greater good (wealth) of the very few (frauds
on wall street, etc.); wall street giving out
record bonuses from their accomplished fraud (with no-recession b.s. bernanke
help) of $144 BILLION: Come on! This is gettin’ even more downright ridiculous
(if that’s even possible)! Pending home foreclosure / distress sales up, oil
prices (and oil stocks) up, debased dollar down, plus a little familiar ‘better
than expected’ thrown in along with prospects of a ‘no-recession bernanke’
market-frothing bull session on 60 minutes and, voila, suckers’ rally into the
close to keep the suckers suckered! What’s good for the frauds on wall street
is bad for just about everyone else which includes the vast majority of people
and businesses, domestically and globally, as current dollar manipulation /
debasement ultimately results in higher costs and loss of purchasing power
(ie., oil, etc.). Clearly, this is one of those fraudulent wealth transfers to
the frauds on wall street et als which will ultimately be paid for by those who
least are in a position to afford it, courtesy of the ever more worthless
Weimar dollar, etc., inflating earnings, eps, lowering p/e multiples, etc., see
infra. This is an especially great time to sell / take profits while you can
since there's much worse to come! Previous: Rosy numbers on consumer sentiment,
unemployment (far better than private forecasts) from the government prior to the
holiday so-called ‘shop till you drop’? How can anyone believe anything they
say? Najerian interviewed by Motek chimes in with the reason for good retail
cheer; viz., people have stopped paying their mortgages and are using the funds
to purchase retail goods; while Davidowitz adds that with record numbers of
americans on food stamps, real unemployment at 17+, and wall street giving out
record bonuses from their accomplished fraud (with no-recession b.s. bernanke
help) of $144 BILLION … the high end
stores / jewelers will do well … daaaaah! And, with insiders and wall
street frauds selling into the bubble as preceded last crash, this is an
especially great opportunity to sell / take profits! Suckers’ rally on
light volume, full moon, and government complicity (false data / reports) to
keep suckers suckered (easy for the wall street frauds to do with just a mouse
click / push of the button – and, they know all those technical trade lines
that are easy to program in this current phase of the scam/fraud with the
debased dollar). Keep in mind, the totally mindless blather from the ‘cottage
industries’ of and fraudulent wall street itself in talking up lower P/E
multiples when the same is a direct result of the debasement of the dollar and
the consequent manipulation / translation (not real, see Davis, infra) which
preceded the financial crisis / last crash. Unemployment, trade, deficit, etc.,
numbers continue decidedly worse than expected along with other negative data
(and in the ‘wrong direction’, that spin accorded ‘down but not as bad as
before’ b*** s*** ) yet the market has rallied like no tomorrow with used home
foreclosure / distressed sales, though abated owing to ‘foreclosuregate’, the
other ‘heralded’ good news. Moreover,
the dumbo lemmings of Europe have jumped on the fraudulent defacto bankrupt
american crazy train propelled to the precipice also as if no tomorrow. This is
about keeping the suckers sucked in with the help of a market-frothing
pre-election debased dollar for favorable currency translation and paper (but
not real when measured in, ie., gold, etc.) profits which preceded the last
crisis, inflating a bubble as in the last crisis to facilitate the
churn-and-earn, particularly with computerized (and high frequency) trades and
which commissions they’ll get again on the way down. There is nothing to
support these overbought stock prices, fundamentally or otherwise. These are
desperate criminals ‘at work’. Even wall street shill, the senile Buffett is
saying we’re still in a recession (depression) [ Davis: ‘… all
profits are inflated by 10% (from falling, debased dollar) and that 10% is the
E that gets divided from the P and gives us a much better price/multiple to
hang our hats on and that gets investors to BUYBUYBUY …’ The bull market that never was / were beyond wall
street b.s. when measured in gold ] This is a great opportunity to sell / take
profits (these lower dollar, hyperinflationary currency manipulations /
translations to froth paper stocks will end quite badly as in last crash)! This is a global
depression. This is a secular bear market in a global depression. The past up
moves were manipulated bull (s***) cycles (at best) in a secular bear market.
This has been a typically manipulated bubble as has preceded the prior crashes
with great regularity that the wall street frauds and insiders commission and
sell into. This is a typical wall street ‘programmed computerized
high-frequency churn and earn pass the hot potato scam / fraud as in prior
crashes ( widely reported ,
high-frequency trading routinely accounts for more than 50% of daily U.S.
equity trading volume and regularly approaches 70%. )’. This national
decline, economic and otherwise, will not end until justice is served and the
wall street frauds et als are criminally prosecuted, jailed, fined, and
disgorgement imposed.The Stock Market's
Long Decline Has Begun Smith ]
47
Statistics That Indicate That Economic Stress Points In 2011 Could Be Setting
The Stage For A Global Economic Meltdown In 2012 Is the world approaching a devastating global economic
meltdown? Right now there are a large number of factors that are creating
economic stress points all over the globe.‘ The
American Dream Feb 16, 2011 Is the
world approaching a devastating global economic meltdown? Right now there
are a large number of factors that are creating economic stress points all over
the globe. All of the crazy money printing that the Federal Reserve and
other central banks have been doing is putting inflationary pressure on
agricultural commodities, oil and precious metals. Massive floods,
horrific droughts and extreme weather patterns all over the globe are ruining
crops and creating food shortages. Some nations are now actually hoarding
food, and in other nations rising prices have sparked food riots. The
price of oil has been moving back towards $100 a barrel, and if it stays at a
high level for an extended period of time that is going to have very serious
consequences for the global economy. In addition, the growing sovereign
debt crisis could erupt again at any time. Half a dozen nations in Europe
are on the verge of insolvency, Japan’s national debt is now well over 200
percent of GDP, and the global financial system is growing increasingly
concerned about the exploding national debt of the United States. The
truth is that the entire world financial system is a house of cards balanced on
a razor’s edge and it could come down at any time. Sadly, very little has changed since the world financial
system experienced almost a complete meltdown back in 2008. Global
financial markets are still a whirlpool of debt and speculation. One
really bad week could put us right back where we were prior to the infamous
Wall Street bailouts. Very little in our world is truly stable
anymore. As we have seen recently in Egypt, the globe can literally
change almost overnight. All it would take is for one really bad event to
happen and world financial markets would instantly start imploding.
So when will the coming economic collapse happen?
Nobody knows for sure, but the fact that the global economy is increasingly
becoming less stable as we approach the year 2012 is making a lot of people
very nervous.
The following are 47 statistics that indicate that
economic stress points in 2011 could be setting the stage for a global economic
meltdown in 2012….
#1 According to
the United Nations, global food prices set a new all-time record during the
month of January.
#2 In early February the worst freeze in 60
years wiped out entire crops all across the southwestern U.S. and northern
Mexico. Already, it has been reported that some U.S. supermarkets have
doubled or even tripled prices for certain produce items.
#3 It is being
reported that due to the recent horrible freeze in Mexico cases of tomatoes
that would usually cost shop owners between 12 and 15 dollars are now
going for up to $40 .
#4 One of China’s
key agricultural provinces is facing its worst drought in 200 years .
#5 The Food and
Agriculture Organization says that up to
two-thirds of China’s wheat crop could be at risk of failing due to
weather conditions.
#6 Officials in Mexico
are estimating that four million tons of corn have been lost because of the
recent freeze. That represents a full 16 percent of Mexico’s annual corn harvest.
#7 The price of
corn has doubled over the last
six months and it recently hit a new all-time high .
#8 The U.S.
Department of Agriculture has announced that corn supplies are the tightest
that they have been in 15 years .
#9 It appears
that Chinese imports of corn will be about 9 times larger than the U.S.
Department of Agriculture originally projected them to be for 2011.
#10 The price of
wheat has more than doubled over the past
year and it hit a 30-month high on Monday.
#11 In the event
of a global catastrophe, current global stockpiles of wheat would only be able
to feed the world for 82 days .
#12 According to Forbes , the price of
soybeans is up about 50% since last June.
#13 The price of
cotton has more than doubled over the past
year.
#14 The commodity
price of orange juice has doubled since 2009.
#15 The price of
sugar is the highest it has been in 30 years .
#16 The United
Nations is projecting that the global price of food will increase by
another 30 percent by the end of 2011.
#17 In the U.K.,
the official rate of inflation is now twice as high as the target
rate of inflation.
#18 Inflation in
China is starting to get out of control. For example, food prices in
China rose 10.3 percent during the
month of January.
#19 Almost 14 percent of all credit
card accounts in the United States are currently 90 days or more delinquent.
#20 New home sales
in the state of California were at the lowest level ever
recorded in the month of January.
#21 According to
the U.S. Bureau of Labor Statistics, the number of job openings in the United
States declined for a second straight month during
December.
#22 Average
household debt in the United States has now reached a level of 136% of average household income.
#23 It is
estimated that there are about 5 million homeowners in the United States
that are at least two months
behind on their mortgages, and it is being projected that over a million
American families will be booted out of their homes this year alone.
#24 Today, 46% of all Americans carry a credit
card balance from month to month.
#25 700,000
Americans have signed up for a credit card that has interest rates that go as
high as 59.9% .
#26 Americans now
owe more than $889 billion on student
loans, which is even more than they owe on credit cards.
#27 The FDIC is
“insuring” U.S. bank deposits that total 5.4 trillion dollars with a deposit
insurance fund that is currently sitting at approximately negative 8 billion dollars .
#28 The Social
Security trust fund will run a deficit of 56 billion dollars this
year. Just a couple of years ago government planners were promising that
we would not have any Social Security deficits until at least 2016 or 2017.
#29 When you adjust
wages for inflation, middle class workers in the United States make less money
today than they did back in 1971 .
#30 4.2 million Americans have been
unemployed for one year or longer at this point.
#31 The number of
Americans that have become so discouraged that they have given up searching for
work completely now stands at an all-time high .
#32 According to a
recent Gallup poll, 35 percent of Americans believe that
unemployment is currently the most important problem in the United
States. Another 29 percent believe that the economy is currently our
biggest problem.
#33 Gallup also
says that 19.6 percent of the workforce
in America is currently either unemployed or underemployed.
#34 The U.S.
government says that 504,000 Americans “dropped out
of the labor force” in January.
#35 The Obama
administration is projecting that the federal budget deficit will be 1.65 trillion dollars for fiscal
2011.
#36 It is
estimated that the total U.S. national debt will be greater
than 100 percent of GDP by the end of this fiscal year.
#37 The U.S.
government relies on foreign nations such as China and Japan to finance 40 percent of all new government debt.
#38 State and
local government debt is now sitting at an all-time high of 22 percent of U.S. GDP.
#39 The Chinese
are now hoarding gold like there is no tomorrow. In fact, Chinese demand
for gold has now risen to
approximately 25% of total global production .
#40 According to
a recent report from the World Economic Forum , the world is going to need
another $100 trillion in credit to support projected “economic growth” over the
next decade.
#41 According to
the U.S. Conference of Mayors, visits to soup kitchens are up 24 percent over the past
year.
#42 One out of every seven
Americans is now on food stamps.
#43 One out of every six elderly
Americans now lives below the federal poverty line.
#44 During the
last school year, almost half of all school
children in the state of Illinois came from families that were considered to be
“low-income”.
#45 According to a
survey released very close to the end of 2010, 55 percent of all Americans are now living
paycheck to paycheck. A major economic downturn could quickly wipe out
millions of families.
#46 Gasoline
prices in the United States are now the highest that they have ever been in the middle
of February.
#47 Faith in our
economic system continues to decline. According to one new report, only 26 percent of
Americans now trust the U.S. financial system.’
Video: Why Isn’t
Wall St. in Jail? [ This truly will prove to be the story of the century
(albeit an abbreviated one and a turning point toward america’s intractable
decline) owing to what will ultimately be the lynch-pin of global economic /
financial collapse ushering in an era of great scarcity in more ways than can
be imagined. The pervasively corrupt, defacto bankrupt american nation /
government has literally underwritten this massive fraud at the expense of the
vast majorities directly and indirectly, precluded prosecution while
obfuscating the substantial crimes, literally becoming accomplices thereby.
There is absolutely no excuse for what is essentially a defalcation and
abrogation of duty. I was watching a somewhat obscure film recently which
(though elsewhere on this page and site I’ve set forth alarming crime
statistics clearing showing america as number 1 in all categories by wide
margins) which set forth the statistic that america has 85% of the world’s
serial killers (and I’d go further in saying it is likely that america has a
similar lead in war crimes, etc.) ] MSNBC | Cenk Uygur
talks to Matt Taibbi about his latest Rolling Stone article.
US troops set
for longer Afghan stay [ Defacto bankrupt america can afford it … riiiiight! ] FT.com | Surge is likely
to stay in place long beyond Obama’s plan to pull troops this year.
Saudis Worried
Protests Will Hit Home [ For the sake
of the saudi Arabian people, more than just protests should come to
fruition! ] AFP | Saudi royal
warns Arab world uprisings could cause harm unless they reform.
Bahrain authorities launch surprise attack on protesters [There’s the america and saudi Arabia
effect; far less than democratic and far more deadly in the mideast among other
places; talk about hypocrites. How does one family claim ownership of all the
oil reserves of a sovereign nation as the saudis; time for the saudis to go the
way of dictator Mubarak and take the war criminal americans with them. ] Los Angeles Times Tear gas canisters bombard
sleeping protesters in Manama's Pearl Square. At least two men are reported
killed Video: Bahrain
protesters look to emulate Egypt revolt euronews Riot Police Attack Bahrain Protesters Voice of America
Dick
Cheney and Donald Rumsfeld booed at GOP convention in D.C. New York Daily
News | Donald Rumsfeld and
Dick Cheney were booed on Thursday at the Conservative Political Action
Conference. Ron
Paul At CPAC: ‘Government is in the process of failing’ Is he running for US Senate? Is he signaling his bid for
US president? Or is he hinting at something deeper within the US political
climate? Milbank: Donald
trumps CPAC | Gibbs
gone (Washington Post) [ Trump’s a loser, dressed up and propped up
by and to shill for a declining, fallen nation in the most corrupt regions of
the country (every fallen nation has such); of that there is no question
…"Over the years I've participated in many battles and have really almost
come out very, very victorious every single time," the Donald said.
(Except for the bankruptc[ies], that is. [ trump’s never won a battle that
wasn’t fixed in advance (including the ‘pre-packaged bankrupcies’ crammed down
the throats of objecting creditors – jersey general ] ) "I've beaten many
people and companies, and I've won many wars," he added. (Though he didn't
serve in the military.) "I have fairly [according to mobster rules; ie.,
bribery, money laundering, etc.] but intelligently [ as any other mob boss …
trump is total b*** s***, a fraud, and lightweight … and, despite the façade,
quite insecure … trump’s a total mental case … He truly is the ‘poster-boy’ of
american decline and part of the problem, not the solution! …trump also said
america’s become the laughingstock of the world … true enough … and trump the
biggest joke … NEWS FLASH: Direct from
Lost Angeles Learning Annex – Presenting mobster t_rump of new yoke, new
joyzey, and now caleefornia mob fame with his continuing message for the past
several years: buy real estate (and watch the values go down…..riiiiight!). Bank sues Trump over Chicago tower loan... Trump casino to miss interest payment... trump’s fired Gunfire Erupts
Inside trump Taj Mahal Casino, 1 Dead - Second Such Incident In A Year At N.J.
Mainstay Ends With Employee Killed – What else would you you expect from a
mobster’s casino in mob-infested jersey!
Trump luxury resort
folds, leaving buyers defrauded…litigation has commenced…send for sister
maryanne, the corrupt federal judge to preside, coverup, etc., she’s in
n.y./n.j./pa 3 rd circuit ct appeals, understands drug money
laundering/fraud and handles her own motions to recuse her and like mobster
trump should be in jail ... (see RICO Case)
]
earned many billions of dollars [ at whose expense ], which in a sense
was both a scorecard and acknowledgment of my abilities [ to fool most of the
people, all of the time. ] ." TRUMP
DRAWS CHEERS, BOOS AT CONSERVATIVE CONFERENCE... PONDERING
PRESIDENTIAL RUN... Donald
T_rump Would Impose 25% Tax on China Imports if President [
trump also said america’s become the laughingstock of the world … true
enough … and trump the biggest joke … Indeed, that trump even posits the
possibility of a run when he should be in jail is a testament to just how big a
laughingstock pervasively corrupt, defacto bankrupt america’s become! [ If he was mobster in chief, mobster and
scoundrel trump wraps himself in populist american flag and offers up an (too
little too late – typical lightweight) implausible solution to keep ‘the juice’
flowing though he’d already be in jail in a rational, non-declining nation with
meaningful laws. All China has to do is dump (and not prospectively buy) their
ever more and declining in value day-by-day (from dollar debasement policies)
u.s. paper / bonds and overnight and the u.s. economy consequently thereby collapse. [ When you come right down
to it, this has been america’s most significant export. Indeed, this
irrevocable structural shift, hailed by cia men hw bush and clinton (clinton
couldn’t have survived with them) by way of NAFTA as the greatest thing since sliced bread was indeed in no
uncertain terms condemned and warned against by Perot, a man of honor who,
unlike his opponents, could not be bought, which is the reason, in pervasively
corrupt america, he could never have been elected. Interestingly, you may have
noticed the good (but not great, other than the spotlight on pervasive bribery
including judges, police, politicians, etc., being far too light) the film ‘The
Untouchables’ getting a wide re-airing of late, purporting to be a significant
part of american folklore / history / culture. However, the reality is that in
america, and certainly today, the real story with impact is that of ‘The
Touchables’. The reality is that Elliot Ness died a broken man; bankrupt,
unable to even win election to the mayoralty of his then current hometown. He
was incorruptible; and hence, in the real america, unelectable at the least if
not also all but unemployable (he and his are among those few genetic anomalies
in america as I’ve previously alluded to. How far america has fallen from even
false perception! Pervasively corrupt, meaningfully lawless america can’t even
fake it anymore. See, for example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal /
judicial processes, etc., Defacto bankrupt,
fraudulent america also spends more on offensive (defensive a misnomer /
propaganda) military spending than all the nations of the world combined, and
by a large margin at that. Do you see a pattern emerging here [ I unfortunately
only belatedly did, and the feds, fed employees, cia, all 3 branches of the
u.s. government, etc., are included in this evolved american trait of inherent
criminality in the most nefarious sense …
The pervasively corrupt american illegal system … corrupt u.s. courts /
(lawyers) / judges: Their lifetime plush appointments should be abolished,
which corrupt entities are unheard of in productive societies as China, Japan,
etc.. Time to abolish these drags on society and eliminate their lifetime
stipends and costly bureaucracies. Rules of law mean nothing to these typically
corrupt americans. Most, including sam alito of the u.s. supreme court,
concerning drug money laundering and obstruction of justice in the 3 rd circuit ( also
maryanne trump barry who covered-up drug money laundering through her brother’s
casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it for the money, personal money, big,
cash, untraceable money. The fog of war is great for such things (360 tons $100
bills flown into Iraq and missing, etc.). [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ].
america’s just a fraudulent and failed defacto bankrupt nation. ] “I would announce, without equivocation, a
25% tax increase on anything purchased from China.” ] CHENEY
HECKLED... 'DRAFTDOGER!' 'WHERE'S BIN LADEN?' ]
WeAreChange Confronts Dick Cheney on 9/11 Standdown Order
Aaron Dykes | Activist group confronts former vice
president Dick Cheney about inconsistencies in 9/11 testimony and actions in
PEOC bunker. ‘ Infowars.com February 15,
2010The testimony of Norman
Mineta before the 9/11 Commission leaves compelling questions about former Vice
President Dick Cheney’s actions on the day of 9/11. Then Transportation
Secretary Mineta witnessed Cheney refuse to contradict an apparent standdown
order as an aide warned of something incoming at the Pentagon. Cheney has given
conflicting
reports about what time he entered the PEOC bunker. Mineta later
confirmed his suppressed 9/11 Commission testimony and refuted Cheney’s account of
arriving later.During the CPAC conference, WeAreChange.org confronted
Cheney about these questions, which he refused to address. “Hey Mr.
Cheney, what did you do in the underground bunker on 9/11? Dick Cheney we know
what you did on 9/11 with the standdown order. Norman Mineta testified against
you on the 9/11 Commission report. What happened on 9/11?” When he was
being forced out, WeAreChange.org founder Luke Rudkowski calmly asked security
not to push him; security backed off after asking him, ‘Are you being polite?’ Luke Rudkowski and James Lane of We Are Change confront Dick Cheney in
Washington D.C. at CPAC 2/10/2011. ( Click each
document for a larger image ) Cheney dodged the continuing questions by exiting with his entourage into
an elevator. As a woman started repeating “Thank you Mr. Cheney for all you’ve
done,” Rudkowski interjected that he was a ‘terrorist.’ Certainly, the use of admittedly
elevated terror alerts throughout the Bush administration to stoke the
fear card and score political dominion alone is reason to justify this label.
The implications of what really happened on 9/11, and in relation to Cheney’s
apparent standdown order, is even more compelling. Notably, a change in the
standard operating procedure for the chain of command during the
event of a hijacked aircraft was changed in June 2001, including subjecting
NORAD’s response to DoD approval (SEE BELOW). Ron
Paul won the presidential straw poll and Dick Cheney was heckled
and called a “war-monger” during a pep rally where Donald Rumsfeld was given the
“Defender of the Constitution Award.”
From Norman
Mineta’s testimony :
“During the time that the airplane
was coming into the Pentagon, there was a young man who would come in and say
to the Vice President…the plane is 50 miles out…the plane is 30 miles out….and
when it got down to the plane is 10 miles out, the young man also said to the
vice president “do the orders still stand?” And the Vice President turned and
whipped his neck around and said “Of course the orders still stand, have you
heard anything to the contrary!?’
Drudgereport: DEBT
NOW EQUALS ENTIRE ECONOMY OBAMA
AGENDA IS OVER Obama
refers to himself as 'The Gipper'… [ Riiiight! …anything you say wobmama the b
for b*** s***… or maybe the bipper, the chipper, or the yankee clipper (the new
joltin’ joe) …sounds like he’s losing it! ] ... BUDGET
WOES FORCE STATES TO CONSIDER ABOLISHING '12 PRESIDENTIAL PRIMARIES... STATE
BUDGETS ON THE BRINK: CA, TX, IL, NY, NJ... OBAMA
BACKS UNION UPROAR PELOSI
BACKS PROTESTERS: 'I STAND IN SOLIDARITY'... WISC
GOV: 'NOT GOING TO BE BULLIED, INTIMIDATED'... Orders
state troopers to bring Dems to Capitol... 'There
Is Fear For Scott Walker's Safety'... Dem
Sen: We'll stay away for weeks... WALKOUT:
Milwaukee Schools closed; teachers call in 'sick'... REPORT:
Average city teacher compensation tops $100,000... PAPER:
GET BACK TO WORK! DNC
playing role in protests... Jesse
to the Rescue: Jackson rallies protesters... 'A
real Martin Luther King moment'... Union
Fight Heats Up... Republicans
vow to cut spending in state capitols... Protests
Spread to Ohio... Michigan... 'Coming
To Minnesota'... Idaho
offical target of threats over education reform plan... Egypt
in America? 'Day
of Rage' Hits Wisconsin over state unions... Madison
schools closed; 1,100 teachers call in 'sick'... Obama:
'Assault on Unions'... Obama-founded
OFA spearheading effort to defeat bill... Boehner:
'Suspend these tactics'... DEMS
FLEE STATE HOUSE SENATE
DEMOCRATS FOUND -- AT A RESORT IN ILLINOIS! Gov.
Walker calls on Dems to return, vote... Protesters,
supporters clash in Ohio over union bill... Activists
swarm Boehner's Capitol Hill home; Chant 'don't tread on DC'.. Carney:
Stimulus 'Goals Have Been Met'... GALLUP:
Unemployment hits 10%... Feds
Borrow Additional $29,660/Household Since Obama Signed Stimulus... Ratings
Downgrades Loom for Cash-Strapped States... Hillary Clinton: Israeli Settlements 'Illegitimate'… [We know that
hill … We’ve known that for quite some time along with their illegal nukes, war
crimes, etc…The whole world knows that hill… so don’t just talk about it … DO
SOMETHING! ] ...
Offended
Mubarak refuses calls from Obama... Ahmadinejad:
Obama can't spell his own name (True … it’s ‘w o b a m a’ with ‘the b for b*** s***’ his surname …
he’s so pathetic and a total caricature / joke!) ... Egypt's
protests flare despite military warning... Libya
set for 'day of anger'... Thousands
of police confront protesters in Yemen... Riot
police storm Bahrain camp; 2 reported dead... ABCNEWS
Correspondent Beaten... 100
Egyptians reach Italy amid Arab exodus... CARTER:
Muslim 'hood nothing 'to be afraid of'... PAPER:
Senate hearing turns into farce as American ignorance on Egypt revealed... USA TO REBUKE ISRAEL AT UN Poll:
Majority of Republicans Doubt Obama's Birthplace... Agents
Shot in Mexico... WORRIES
OBAMA OFFICIALS... ICE
IN VICE... GAO:
Feds have 'operational control' of 44% of border; just 15% 'air tight'... DAY
3: 'Watson' the computer creams human 'JEOPARDY!' champs... REPORT: Steve Jobs receiving
treatment at cancer center... PAPER: 'Reportedly sicker
than previously admitted'... ISSA MAKES A MOVE: New
subpoena seeks records on sweetheart loans... U.S.
Government Shuts Down 84,000 Websites, ‘By Mistake’ 'Kill Switch' Internet bill
alarms privacy experts... GOP BLASTS FCC NET RULES...
TSA agents busted at JFK for
stealing $160,000 from bags...
Hillary
Clinton donors indicted... Man
mugs 96-year-old -- for $5... France
Wants New Global Finance System; End of Dollar Dominance... Fannie,
Freddie bailout: $153 billion and counting... GALLUP:
Unemployment at 10.3%... Muslim
Bros plan political party... Present
Two Faces... Pakistan
Islamists warn of protests if US prisoner freed... SECSTATE
JR: Sen Kerry arrives in Pakistan, expresses 'regret', 'sorrow'... GADDAFI
TELLS PALESTINIANS: REVOLT AGAINST ISRAEL World
Bank: Food prices at 'dangerous levels'... Gov't
Motors to pay out $189 million in bonuses; some workers to get 50% payoffs.. Deficit
Expected to Jump to $1.65 Trillion... ...'slow
train wreck coming' BUDGET
BLOWOUT: How big is $3.73 trillion? $12,000 from each American... ANALYSIS:
$1.5 trillion
tax hike over 10 years... AIRLINES:
New fees would be $2 billion tax increase on flyers... Sessions:
Obama failed on budget... Long
Spending Fight... Produce
prices to skyrocket with freeze in Mexico, Southwest... Clothing
Prices to Rise 10% Starting in Spring... China
Replaced Japan in 2010 as Number 2 Economy... China
plans Colombian rail link to challenge Panama canal... The
March On Berlusconi... Berlusconi
indicted in prostitution probe...
Malware
'Aimed at Iran Hit Five Sites'...
Mubarak
'falls into coma after final speech'... Egyptian
military orders last protesters out of 'Liberation Square'... Consolidates
power... Delivers
ultimatum... Boy
wrestler forfeits match to female opponent...
Bank
regulators update Senate (Washington Post) [ Update,
riiiiight! … sounds like a plan! … for the spectator sport called the u.s.
senate … what an over-rated, over-compensated, over-stayed bunch of incompetent
boobs. Time for shorter terms and term limits for these failed, flawed, and
venal politicians; along with the paycuts they richly deserve. Their solution
to most problems … leave it to the perps as they bilk the nation but contribute
mightily to their campaign funds. ] Lawmakers hope to set nationwide requirements for foreclosures. Boehner
draws line on spending bill (Washington
Post) [ Lines … riiiiight! … republicans are great ones for drawing lines … Poppy
bush’s line in sand ( everyone who really knows the real story knows that
bush’s cia station chief, april glaspie gave sadam hussein the green light to
invade Kuwait over their dispute concerning Kuwait’s slant-drilling of Iraqi
oil reserves … to contrive the conflict. ), lines of war-criminal dumbya bush
of with us or aggin’ us, etc., but we can thank both parties in terms of their bi-partisan contribution to
ever-growing unemployment LINES. Yes,
unemployment numbers were quite bad this day, but the frauds on wall street
with fed help you’ll ultimately pay for rallied anyway. Jobless
Recovery?: 25 Unemployment Statistics That Are Almost Too Depressing To Read ‘… Unemployment is up again! That’s right – even though
Wall Street is swimming in cash and the Obama administration is declaring that
“the recession is over”, the U.S. unemployment rate has gone even higher. So
are you enjoying the jobless recovery? Economic
Collapse Blog ‘Guess what?
Unemployment is up again! That’s right – even though Wall Street is
swimming in cash and the Obama administration is declaring that “the recession
is over”, the U.S. unemployment rate has gone even higher ... Times are really,
really tough and unfortunately the long-term outlook is very bleak. We
should have compassion on those who are out of work right now, because soon
many of us may join them.The following are 25 unemployment statistics that are
almost too depressing to read…. See infra for list Stock Melt-Up Continues to Ignore Warnings [ While I generally warn against
short-selling as an investment strategy for all but the most successful
speculators (there are very, very few), if there ever was a time to try your
luck at same, that time is now! We’re now beyond the absurd in these
overbought, overvalued, contrived, manipulated markets. See also, Dave infra,
‘…Further,
the Philly Fed (riiiiight … that global hub of manufacturing activity) came in
much higher than expected although inside the numbers the prices paid vs prices
received disparity was the greatest since 1979. That wasn't a great time for
corporate profits. Even though there's some "discussion" within the
Fed over the effectiveness of QE operations another heavy dose of POMO was released to trading desks again Thursday. …’ Why Isn’t Wall Street
in Jail? Matt Taibbi | Financial crooks brought down the world’s economy — but the feds are
doing more to protect them than to prosecute them. ( This is not a too big to
fail, but a too willing to pay bribes to jail - reality. This really is beyond
the pale, particularly when they trumpet prosecution of $225 million in medicare
frauds while wall street’s continuing fraud in the trillions remains
unprosecuted – there is no excuse whatsoever – pervasively corrupt, defacto
bankrupt america is done!). ] Minyanville ‘Suttmeier, chief market strategist at ValuEngine.com : The stock melt-up has the major equity averages above
this week’s pivots putting the focus on the Nasdaq and its quarterly risky
level at 2853. The Dow Transports broke above the potential double-top. Stocks
are ignoring the ValuEngine Valuation Warning and extreme overbought technical
market indicators. The 10-Year yield failed at my weekly risky level at 3.568
after holding my annual value level at 3.791 last week. Comex gold is above my
annual pivot at $1356.5 and closed above its 50-day simple moving average at $1372.2. Nymex crude oil remains below my semiannual
pivot at $87.52, but is now oversold. The euro is above its 50-day simple
moving average at 1.3377 with this week’s risky level at 1.3636.
The Dow
Industrial Average (12,288) remains extremely overbought and closed above
its weekly pivot at 12,274 testing 12,303.16. The 21-day simple moving
average rises to 12,063 with today’s risky level at 12,399. The
S&P 500 (1336.3) closed above its weekly pivot at 1335.6, setting a
new high for the move at 1337.61. The 21-day simple moving average rises
to 1306.1 with today’s risky level at 1344.4. The Nasdaq
(2826) closed back above this week’s pivot at 2811 with my quarterly risky
level at 2853. The 21-day simple moving average rises to 2756 with today’s
risky level at 2840. Dow
Transports (5286) tested and held its weekly pivot at 5206 on Tuesday,
then breaks above its January 18 high at 5256.80 to 5306.54 on Wednesday.
Today’s risky level is 5317. The
Russell 2000 (828.37) is above its weekly pivot at 811.80 with its July
2007 high at 862.00. Today’s risky level is 837.39.
This also means that 67.6% of all
stocks are overvalued. credit in May 2010. Refinance Index down
11.4%, to the lowest reading since July 3, 2009. The Purchase Index decreased
5.9%, and is 18.2% lower than a year ago. A major drag is attributed to the
above 5% mortgage rate , up nearly a
full percentage point from the October 2010 low, in the midst of when Fed Chief
Bernanke was touting that the pending QE2 program would push longer-term yields
lower to help consumers. The only thing that QE2 has done is inflate an equity
market to an overvalued and overbought inflating financial bubble! The minutes from the latest Fed Meeting indicates that unemployment and
tight credit conditions continues to be a drag on the housing market. History
repeats: Housing peaked in mid-2005 and the recovery has been nil. Community
banks peaked at the end of 2006, and Bank Failure Friday continues. Regional
Banks peaked in March 2007, and toxic assets remain in the banking system. Fed
policy with that ridiculously low funds rate and QE2 is masking problems that
will still plague the US economy for the next several years.’
]
Imams
wage political battle against U.S. (Washington
Post) [ Yeah! Are not these native Afghans freedom fighters in the highest,
truest, and most noble sense of the term. I mean, pervasively corrupt / defacto
bankrupt america’s destructive and corrupting influence is unequivocal
(including the resurgent heroin trade that had all been eradicated by the
Taliban). This unlawful incursion is a lose, lose scenario for all parties;
and, america’s / israel’s / nato’s zionist aspirations in the region are among
the most self-destructive, self-defeating policies in world history. ] For the U.S. government, and for the
100,000 American troops fighting in Afghanistan, the messages delivered last
Friday could hardly have been worse.
Clock
is ticking (Washington Post) [ Oh come on! Don’t be
a spoil-sport realist; after all, these are, unlike mubarak, young
pro-saudi-american dictators and still have a bright future of repression /
oppression / suppression ahead of them for the greater good of … status quo? …
nobody really thinks so. Tick-Tock! ] Editorial: In Bahrain,
America should press the government to cease its repression [ Don’t hold your
breath. ]. Bahrain authorities launch surprise attack on protesters [There’s the america and saudi Arabia
effect; far less than democratic and far more deadly in the mideast among other
places; talk about hypocrites. How does one family claim ownership of all the
oil reserves of a sovereign nation as the saudis; time for the saudis to go the
way of dictator Mubarak and take the war criminal americans with them. ] Los Angeles Times Tear gas canisters bombard
sleeping protesters in Manama's Pearl Square. At least two men are reported
killed Video: Bahrain
protesters look to emulate Egypt revolt euronews Riot Police Attack Bahrain Protesters Voice of America
Dick
Cheney and Donald Rumsfeld booed at GOP convention in D.C. New York Daily
News | Donald Rumsfeld and
Dick Cheney were booed on Thursday at the Conservative Political Action
Conference. Ron
Paul At CPAC: ‘Government is in the process of failing’ Is he running for US Senate? Is he signaling his bid for
US president? Or is he hinting at something deeper within the US political climate? Milbank: Donald
trumps CPAC | Gibbs
gone (Washington Post) [ Trump’s a loser, dressed up and propped up
by and to shill for a declining, fallen nation in the most corrupt regions of
the country (every fallen nation has such); of that there is no question
…"Over the years I've participated in many battles and have really almost
come out very, very victorious every single time," the Donald said.
(Except for the bankruptc[ies], that is. [ trump’s never won a battle that
wasn’t fixed in advance (including the ‘pre-packaged bankrupcies’ crammed down
the throats of objecting creditors – jersey general ] ) "I've beaten many
people and companies, and I've won many wars," he added. (Though he didn't
serve in the military.) "I have fairly [according to mobster rules; ie.,
bribery, money laundering, etc.] but intelligently [ as any other mob boss …
trump is total b*** s***, a fraud, and lightweight … and, despite the façade,
quite insecure … trump’s a total mental case … He truly is the ‘poster-boy’ of
american decline and part of the problem, not the solution! …trump also said
america’s become the laughingstock of the world … true enough … and trump the
biggest joke … NEWS FLASH: Direct from
Lost Angeles Learning Annex – Presenting mobster t_rump of new yoke, new
joyzey, and now caleefornia mob fame with his continuing message for the past
several years: buy real estate (and watch the values go down…..riiiiight!). Bank sues Trump over Chicago tower loan... Trump casino to miss interest payment... trump’s fired Gunfire Erupts
Inside trump Taj Mahal Casino, 1 Dead - Second Such Incident In A Year At N.J.
Mainstay Ends With Employee Killed – What else would you you expect from a
mobster’s casino in mob-infested jersey!
Trump luxury resort
folds, leaving buyers defrauded…litigation has commenced…send for sister
maryanne, the corrupt federal judge to preside, coverup, etc., she’s in
n.y./n.j./pa 3 rd circuit ct appeals, understands drug money
laundering/fraud and handles her own motions to recuse her and like mobster
trump should be in jail ... (see RICO Case)
]
earned many billions of dollars [ at whose expense ], which in a sense
was both a scorecard and acknowledgment of my abilities [ to fool most of the
people, all of the time. ] ." TRUMP
DRAWS CHEERS, BOOS AT CONSERVATIVE CONFERENCE... PONDERING
PRESIDENTIAL RUN... Donald
T_rump Would Impose 25% Tax on China Imports if President [
trump also said america’s become the laughingstock of the world … true
enough … and trump the biggest joke … Indeed, that trump even posits the
possibility of a run when he should be in jail is a testament to just how big a
laughingstock pervasively corrupt, defacto bankrupt america’s become! [ If he was mobster in chief, mobster and
scoundrel trump wraps himself in populist american flag and offers up an (too
little too late – typical lightweight) implausible solution to keep ‘the juice’
flowing though he’d already be in jail in a rational, non-declining nation with
meaningful laws. All China has to do is dump (and not prospectively buy) their
ever more and declining in value day-by-day (from dollar debasement policies)
u.s. paper / bonds and overnight and the u.s. economy consequently thereby collapse. [ When you come right down
to it, this has been america’s most significant export. Indeed, this
irrevocable structural shift, hailed by cia men hw bush and clinton (clinton
couldn’t have survived with them) by way of NAFTA as the greatest thing since sliced bread was indeed in no uncertain
terms condemned and warned against by Perot, a man of honor who, unlike his
opponents, could not be bought, which is the reason, in pervasively corrupt
america, he could never have been elected. Interestingly, you may have noticed
the good (but not great, other than the spotlight on pervasive bribery
including judges, police, politicians, etc., being far too light) the film ‘The
Untouchables’ getting a wide re-airing of late, purporting to be a significant
part of american folklore / history / culture. However, the reality is that in
america, and certainly today, the real story with impact is that of ‘The
Touchables’. The reality is that Elliot Ness died a broken man; bankrupt,
unable to even win election to the mayoralty of his then current hometown. He
was incorruptible; and hence, in the real america, unelectable at the least if
not also all but unemployable (he and his are among those few genetic anomalies
in america as I’ve previously alluded to. How far america has fallen from even
false perception! Pervasively corrupt, meaningfully lawless america can’t even
fake it anymore. See, for example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal /
judicial processes, etc., Defacto bankrupt,
fraudulent america also spends more on offensive (defensive a misnomer /
propaganda) military spending than all the nations of the world combined, and
by a large margin at that. Do you see a pattern emerging here [ I unfortunately
only belatedly did, and the feds, fed employees, cia, all 3 branches of the
u.s. government, etc., are included in this evolved american trait of inherent
criminality in the most nefarious sense …
The pervasively corrupt american illegal system … corrupt u.s. courts /
(lawyers) / judges: Their lifetime plush appointments should be abolished,
which corrupt entities are unheard of in productive societies as China, Japan,
etc.. Time to abolish these drags on society and eliminate their lifetime
stipends and costly bureaucracies. Rules of law mean nothing to these typically
corrupt americans. Most, including sam alito of the u.s. supreme court,
concerning drug money laundering and obstruction of justice in the 3 rd circuit ( also
maryanne trump barry who covered-up drug money laundering through her brother’s
casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it for the money, personal money, big,
cash, untraceable money. The fog of war is great for such things (360 tons $100
bills flown into Iraq and missing, etc.). [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ].
america’s just a fraudulent and failed defacto bankrupt nation. ] “I would announce, without equivocation, a
25% tax increase on anything purchased from China.” ] CHENEY
HECKLED... 'DRAFTDOGER!' 'WHERE'S BIN LADEN?' ]
WeAreChange Confronts Dick Cheney on 9/11 Standdown Order
Aaron Dykes | Activist group confronts former vice
president Dick Cheney about inconsistencies in 9/11 testimony and actions in
PEOC bunker. ‘ Infowars.com February 15,
2010The testimony of Norman
Mineta before the 9/11 Commission leaves compelling questions about former Vice
President Dick Cheney’s actions on the day of 9/11. Then Transportation
Secretary Mineta witnessed Cheney refuse to contradict an apparent standdown
order as an aide warned of something incoming at the Pentagon. Cheney has given
conflicting
reports about what time he entered the PEOC bunker. Mineta later
confirmed his suppressed 9/11 Commission testimony and refuted Cheney’s account of
arriving later.During the CPAC conference, WeAreChange.org confronted
Cheney about these questions, which he refused to address. “Hey Mr.
Cheney, what did you do in the underground bunker on 9/11? Dick Cheney we know
what you did on 9/11 with the standdown order. Norman Mineta testified against
you on the 9/11 Commission report. What happened on 9/11?” When he was
being forced out, WeAreChange.org founder Luke Rudkowski calmly asked security
not to push him; security backed off after asking him, ‘Are you being polite?’ Luke Rudkowski and James Lane of We Are Change confront Dick Cheney in
Washington D.C. at CPAC 2/10/2011. ( Click each
document for a larger image ) Cheney dodged the continuing questions by exiting with his entourage into
an elevator. As a woman started repeating “Thank you Mr. Cheney for all you’ve
done,” Rudkowski interjected that he was a ‘terrorist.’ Certainly, the use of admittedly
elevated terror alerts throughout the Bush administration to stoke the
fear card and score political dominion alone is reason to justify this label.
The implications of what really happened on 9/11, and in relation to Cheney’s
apparent standdown order, is even more compelling. Notably, a change in the
standard operating procedure for the chain of command during the
event of a hijacked aircraft was changed in June 2001, including subjecting
NORAD’s response to DoD approval (SEE BELOW). Ron
Paul won the presidential straw poll and Dick Cheney was heckled
and called a “war-monger” during a pep rally where Donald Rumsfeld was given the
“Defender of the Constitution Award.”
From Norman
Mineta’s testimony :
“During the time that the airplane
was coming into the Pentagon, there was a young man who would come in and say
to the Vice President…the plane is 50 miles out…the plane is 30 miles out….and
when it got down to the plane is 10 miles out, the young man also said to the
vice president “do the orders still stand?” And the Vice President turned and
whipped his neck around and said “Of course the orders still stand, have you
heard anything to the contrary!?’
Obama
joins Wisconsin budget battle Democratic
lawmakers flee state in attempt to block anti-union bill (Washington Post) [ Looks like capital hill
can pick up a few pointers from ‘dem dems … fleeing the state, that is … except
in their case it’ll be fleeing the nation-state, or what’s left of same. Drudgereport: DEBT
NOW EQUALS ENTIRE ECONOMY OBAMA
AGENDA IS OVER Obama
refers to himself as 'The Gipper'… [ Riiiight! …anything you say wobmama the b
for b*** s***… or maybe the bipper, the chipper, or the yankee clipper (the new
joltin’ joe) …sounds like he’s losing it! ] ... 'Day
of Rage' Hits Wisconsin over state unions... Madison
schools closed; 1,100 teachers call in 'sick'... Obama:
'Assault on Unions'... Obama-founded
OFA spearheading effort to defeat bill... Boehner:
'Suspend these tactics'... DEMS
FLEE STATE HOUSE SENATE
DEMOCRATS FOUND -- AT A RESORT IN ILLINOIS! Gov.
Walker calls on Dems to return, vote... Protesters,
supporters clash in Ohio over union bill... Activists
swarm Boehner's Capitol Hill home; Chant 'don't tread on DC'.. Carney:
Stimulus 'Goals Have Been Met'... GALLUP:
Unemployment hits 10%... Feds
Borrow Additional $29,660/Household Since Obama Signed Stimulus... Ratings
Downgrades Loom for Cash-Strapped States...
] President accuses Scott Walker, the state's GOP governor,
of unleashing an "assault" on unions in plan to roll back benefits
for public workers.
Bubble Talk: Grantham Warns Of The Paradox Of Profit
Margins Reese ‘ In the second half of his year-end
letter , GMO’s Jeremy Grantham takes a look at numerous
asset bubbles throughout history, warning investors to ignore bubbles at their own
peril. Grantham’s GMO manages more than $100 billion in assets.“Responding to
the ebbs and flows of major cycles and saving your big bets for the outlying
extremes is, in my opinion, easily the best way for a large pool of money to
add value and reduce risk,” Grantham writes. “In comparison,
waiting on the railroad tracks as the ‘Bubble Express’ comes barreling
toward you is a very painful way to show your disdain for macro concepts and a
blind devotion to your central skill of stock picking. The really
major bubbles will wash away big slices of even the best Graham and Dodd
portfolios.” Grantham says that bubbles form because of a cycle in which
investment managers, feeling the career risk in making bold moves, fall prey to
“herding”. It also involves what he calls “double counting”. Profit margins, he
says, are mean-reverting, meaning that at times when margins are high,
investors should be willing to pay less per dollar of earnings. In reality, what often happens, he says, is that
when margins are high, inflating earnings, investors pay more for each dollar of earnings.“It is a classic
fallacy of composition,” he says. “For an individual company, having an
exceptional profit margin deserves a premium P/E against its competitors. But
for the market as a whole, for which profit margins are beautifully mean
reverting, it is exactly the reverse. This apparent paradox seems to fool the
market persistently.”Also necessary for a bubble to form: a generous money
supply, Grantham adds.Grantham also shows how bubbles — from the
South Sea Stock Bubble of the early 1700s to the recent U.S. housing bubble —
always go back to their original trend that was in place before the bubble
formed.’
Bahrain authorities launch surprise attack on protesters [There’s the america and saudi Arabia
effect; far less than democratic and far more deadly in the mideast among other
places; talk about hypocrites. How does one family claim ownership of all the
oil reserves of a sovereign nation as the saudis; time for the saudis to go the
way of dictator Mubarak and take the war criminal americans with them. ] Los Angeles Times Tear gas canisters bombard
sleeping protesters in Manama's Pearl Square. At least two men are reported killed Video: Bahrain
protesters look to emulate Egypt revolt euronews Riot Police Attack Bahrain Protesters Voice of America
Dick
Cheney and Donald Rumsfeld booed at GOP convention in D.C. New York Daily
News | Donald Rumsfeld and
Dick Cheney were booed on Thursday at the Conservative Political Action
Conference. Ron
Paul At CPAC: ‘Government is in the process of failing’ Is he running for US Senate? Is he signaling his bid for
US president? Or is he hinting at something deeper within the US political
climate? Milbank: Donald
trumps CPAC | Gibbs
gone (Washington Post) [ Trump’s a loser, dressed up and propped up
by and to shill for a declining, fallen nation in the most corrupt regions of
the country (every fallen nation has such); of that there is no question
…"Over the years I've participated in many battles and have really almost
come out very, very victorious every single time," the Donald said.
(Except for the bankruptc[ies], that is. [ trump’s never won a battle that
wasn’t fixed in advance (including the ‘pre-packaged bankrupcies’ crammed down
the throats of objecting creditors – jersey general ] ) "I've beaten many
people and companies, and I've won many wars," he added. (Though he didn't
serve in the military.) "I have fairly [according to mobster rules; ie.,
bribery, money laundering, etc.] but intelligently [ as any other mob boss …
trump is total b*** s***, a fraud, and lightweight … and, despite the façade,
quite insecure … trump’s a total mental case … He truly is the ‘poster-boy’ of
american decline and part of the problem, not the solution! …trump also said
america’s become the laughingstock of the world … true enough … and trump the
biggest joke … NEWS FLASH: Direct from
Lost Angeles Learning Annex – Presenting mobster t_rump of new yoke, new
joyzey, and now caleefornia mob fame with his continuing message for the past
several years: buy real estate (and watch the values go down…..riiiiight!). Bank sues Trump over Chicago tower loan... Trump casino to miss interest payment... trump’s fired Gunfire Erupts
Inside trump Taj Mahal Casino, 1 Dead - Second Such Incident In A Year At N.J.
Mainstay Ends With Employee Killed – What else would you you expect from a
mobster’s casino in mob-infested jersey!
Trump luxury resort
folds, leaving buyers defrauded…litigation has commenced…send for sister
maryanne, the corrupt federal judge to preside, coverup, etc., she’s in
n.y./n.j./pa 3 rd circuit ct appeals, understands drug money
laundering/fraud and handles her own motions to recuse her and like mobster
trump should be in jail ... (see RICO Case)
]
earned many billions of dollars [ at whose expense ], which in a sense
was both a scorecard and acknowledgment of my abilities [ to fool most of the
people, all of the time. ] ." TRUMP
DRAWS CHEERS, BOOS AT CONSERVATIVE CONFERENCE... PONDERING
PRESIDENTIAL RUN... Donald
T_rump Would Impose 25% Tax on China Imports if President [
trump also said america’s become the laughingstock of the world … true
enough … and trump the biggest joke … Indeed, that trump even posits the
possibility of a run when he should be in jail is a testament to just how big a
laughingstock pervasively corrupt, defacto bankrupt america’s become! [ If he was mobster in chief, mobster and
scoundrel trump wraps himself in populist american flag and offers up an (too
little too late – typical lightweight) implausible solution to keep ‘the juice’
flowing though he’d already be in jail in a rational, non-declining nation with
meaningful laws. All China has to do is dump (and not prospectively buy) their
ever more and declining in value day-by-day (from dollar debasement policies)
u.s. paper / bonds and overnight and the u.s. economy consequently thereby collapse. [ When you come right down
to it, this has been america’s most significant export. Indeed, this
irrevocable structural shift, hailed by cia men hw bush and clinton (clinton
couldn’t have survived with them) by way of NAFTA as the greatest thing since sliced bread was indeed in no
uncertain terms condemned and warned against by Perot, a man of honor who,
unlike his opponents, could not be bought, which is the reason, in pervasively
corrupt america, he could never have been elected. Interestingly, you may have
noticed the good (but not great, other than the spotlight on pervasive bribery
including judges, police, politicians, etc., being far too light) the film ‘The
Untouchables’ getting a wide re-airing of late, purporting to be a significant
part of american folklore / history / culture. However, the reality is that in
america, and certainly today, the real story with impact is that of ‘The
Touchables’. The reality is that Elliot Ness died a broken man; bankrupt,
unable to even win election to the mayoralty of his then current hometown. He
was incorruptible; and hence, in the real america, unelectable at the least if
not also all but unemployable (he and his are among those few genetic anomalies
in america as I’ve previously alluded to. How far america has fallen from even
false perception! Pervasively corrupt, meaningfully lawless america can’t even
fake it anymore. See, for example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal /
judicial processes, etc., Defacto bankrupt,
fraudulent america also spends more on offensive (defensive a misnomer /
propaganda) military spending than all the nations of the world combined, and
by a large margin at that. Do you see a pattern emerging here [ I unfortunately
only belatedly did, and the feds, fed employees, cia, all 3 branches of the
u.s. government, etc., are included in this evolved american trait of inherent
criminality in the most nefarious sense …
The pervasively corrupt american illegal system … corrupt u.s. courts /
(lawyers) / judges: Their lifetime plush appointments should be abolished,
which corrupt entities are unheard of in productive societies as China, Japan,
etc.. Time to abolish these drags on society and eliminate their lifetime
stipends and costly bureaucracies. Rules of law mean nothing to these typically
corrupt americans. Most, including sam alito of the u.s. supreme court,
concerning drug money laundering and obstruction of justice in the 3 rd circuit ( also
maryanne trump barry who covered-up drug money laundering through her brother’s
casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it for the money, personal money, big,
cash, untraceable money. The fog of war is great for such things (360 tons $100
bills flown into Iraq and missing, etc.). [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ].
america’s just a fraudulent and failed defacto bankrupt nation. ] “I would announce, without equivocation, a
25% tax increase on anything purchased from China.” ] CHENEY
HECKLED... 'DRAFTDOGER!' 'WHERE'S BIN LADEN?' ]
WeAreChange Confronts Dick Cheney on 9/11 Standdown Order
Aaron Dykes | Activist group confronts former vice
president Dick Cheney about inconsistencies in 9/11 testimony and actions in
PEOC bunker. ‘ Infowars.com February 15,
2010The testimony of Norman
Mineta before the 9/11 Commission leaves compelling questions about former Vice
President Dick Cheney’s actions on the day of 9/11. Then Transportation
Secretary Mineta witnessed Cheney refuse to contradict an apparent standdown
order as an aide warned of something incoming at the Pentagon. Cheney has given
conflicting
reports about what time he entered the PEOC bunker. Mineta later
confirmed his suppressed 9/11 Commission testimony and refuted Cheney’s account of
arriving later.During the CPAC conference, WeAreChange.org confronted
Cheney about these questions, which he refused to address. “Hey Mr.
Cheney, what did you do in the underground bunker on 9/11? Dick Cheney we know
what you did on 9/11 with the standdown order. Norman Mineta testified against
you on the 9/11 Commission report. What happened on 9/11?” When he was
being forced out, WeAreChange.org founder Luke Rudkowski calmly asked security
not to push him; security backed off after asking him, ‘Are you being polite?’ Luke Rudkowski and James Lane of We Are Change confront Dick Cheney in
Washington D.C. at CPAC 2/10/2011. ( Click each
document for a larger image ) Cheney dodged the continuing questions by exiting with his entourage into
an elevator. As a woman started repeating “Thank you Mr. Cheney for all you’ve
done,” Rudkowski interjected that he was a ‘terrorist.’ Certainly, the use of admittedly
elevated terror alerts throughout the Bush administration to stoke the
fear card and score political dominion alone is reason to justify this label.
The implications of what really happened on 9/11, and in relation to Cheney’s
apparent standdown order, is even more compelling. Notably, a change in the
standard operating procedure for the chain of command during the
event of a hijacked aircraft was changed in June 2001, including subjecting
NORAD’s response to DoD approval (SEE BELOW). Ron
Paul won the presidential straw poll and Dick Cheney was heckled
and called a “war-monger” during a pep rally where Donald Rumsfeld was given the
“Defender of the Constitution Award.”
From Norman
Mineta’s testimony :
“During the time that the airplane
was coming into the Pentagon, there was a young man who would come in and say
to the Vice President…the plane is 50 miles out…the plane is 30 miles out….and
when it got down to the plane is 10 miles out, the young man also said to the
vice president “do the orders still stand?” And the Vice President turned and
whipped his neck around and said “Of course the orders still stand, have you
heard anything to the contrary!?’
Drudgereport: DEBT
NOW EQUALS ENTIRE ECONOMY OBAMA
AGENDA IS OVER Obama
refers to himself as 'The Gipper'… [ Riiiight! …anything you say wobmama the b
for b*** s***… or maybe the bipper, the chipper, or the yankee clipper (the new
joltin’ joe) …sounds like he’s losing it! ] ... 'Day
of Rage' Hits Wisconsin over state unions... Madison
schools closed; 1,100 teachers call in 'sick'... Obama:
'Assault on Unions'... Obama-founded
OFA spearheading effort to defeat bill... Boehner:
'Suspend these tactics'... DEMS
FLEE STATE HOUSE SENATE
DEMOCRATS FOUND -- AT A RESORT IN ILLINOIS! Gov.
Walker calls on Dems to return, vote... Protesters,
supporters clash in Ohio over union bill... Activists
swarm Boehner's Capitol Hill home; Chant 'don't tread on DC'.. Carney:
Stimulus 'Goals Have Been Met'... GALLUP:
Unemployment hits 10%...
Fed
upgrades economic outlook (Washington
Post) [ Wow! Like the ‘no-recession / great recession / depression’ , what do
expect these incompetent, and complicit wall street favored frauds to say. This
is truly an existential moment of desperation for them and as before, they are
disposed to anything that buys them time … I say: they’re out of time! 47
Statistics That Indicate That Economic Stress Points In 2011 Could Be Setting
The Stage For A Global Economic Meltdown In 2012 Is the world approaching a devastating global economic
meltdown? Right now there are a large number of factors that are creating
economic stress points all over the globe.‘ The
American Dream Feb 16, 2011 Is the
world approaching a devastating global economic meltdown? Right now there
are a large number of factors that are creating economic stress points all over
the globe. All of the crazy money printing that the Federal Reserve and
other central banks have been doing is putting inflationary pressure on
agricultural commodities, oil and precious metals. Massive floods,
horrific droughts and extreme weather patterns all over the globe are ruining
crops and creating food shortages. Some nations are now actually hoarding
food, and in other nations rising prices have sparked food riots. The
price of oil has been moving back towards $100 a barrel, and if it stays at a
high level for an extended period of time that is going to have very serious
consequences for the global economy. In addition, the growing sovereign
debt crisis could erupt again at any time. Half a dozen nations in Europe
are on the verge of insolvency, Japan’s national debt is now well over 200
percent of GDP, and the global financial system is growing increasingly
concerned about the exploding national debt of the United States. The
truth is that the entire world financial system is a house of cards balanced on
a razor’s edge and it could come down at any time. Sadly, very little has changed since the world financial
system experienced almost a complete meltdown back in 2008. Global
financial markets are still a whirlpool of debt and speculation. One
really bad week could put us right back where we were prior to the infamous
Wall Street bailouts. Very little in our world is truly stable
anymore. As we have seen recently in Egypt, the globe can literally
change almost overnight. All it would take is for one really bad event to
happen and world financial markets would instantly start imploding.
So when will the coming economic collapse happen?
Nobody knows for sure, but the fact that the global economy is increasingly
becoming less stable as we approach the year 2012 is making a lot of people
very nervous.
The following are 47 statistics that indicate that
economic stress points in 2011 could be setting the stage for a global economic
meltdown in 2012….
#1 According to
the United Nations, global food prices set a new all-time record during the
month of January.
#2 In early
February the worst freeze in 60
years wiped out entire crops all across the southwestern U.S. and northern
Mexico. Already, it has been reported that some U.S. supermarkets have
doubled or even tripled prices for certain produce items.
#3 It is being
reported that due to the recent horrible freeze in Mexico cases of tomatoes
that would usually cost shop owners between 12 and 15 dollars are now
going for up to $40 .
#4 One of China’s
key agricultural provinces is facing its worst drought in 200 years .
#5 The Food and
Agriculture Organization says that up to
two-thirds of China’s wheat crop could be at risk of failing due to
weather conditions.
#6 Officials in
Mexico are estimating that four million tons of corn have been lost because of
the recent freeze. That represents a full 16 percent of Mexico’s annual corn harvest.
#7 The price of
corn has doubled over the last
six months and it recently hit a new all-time high .
#8 The U.S.
Department of Agriculture has announced that corn supplies are the tightest
that they have been in 15 years .
#9 It appears
that Chinese imports of corn will be about 9 times larger than the U.S.
Department of Agriculture originally projected them to be for 2011.
#10 The price of
wheat has more than doubled over the past
year and it hit a 30-month high on Monday.
#11 In the event
of a global catastrophe, current global stockpiles of wheat would only be able
to feed the world for 82 days .
#12 According to Forbes , the price of
soybeans is up about 50% since last June.
#13 The price of
cotton has more than doubled over the past
year.
#14 The commodity
price of orange juice has doubled since 2009.
#15 The price of
sugar is the highest it has been in 30 years .
#16 The United
Nations is projecting that the global price of food will increase by
another 30 percent by the end of 2011.
#17 In the U.K., the
official rate of inflation is now twice as high as the target
rate of inflation.
#18 Inflation in
China is starting to get out of control. For example, food prices in
China rose 10.3 percent during the
month of January.
#19 Almost 14 percent of all credit
card accounts in the United States are currently 90 days or more delinquent.
#20 New home sales
in the state of California were at the lowest level ever
recorded in the month of January.
#21 According to
the U.S. Bureau of Labor Statistics, the number of job openings in the United
States declined for a second straight month during
December.
#22 Average
household debt in the United States has now reached a level of 136% of average household income.
#23 It is
estimated that there are about 5 million homeowners in the United States
that are at least two months
behind on their mortgages, and it is being projected that over a million
American families will be booted out of their homes this year alone.
#24 Today, 46% of all Americans carry a credit
card balance from month to month.
#25 700,000
Americans have signed up for a credit card that has interest rates that go as
high as 59.9% .
#26 Americans now
owe more than $889 billion on student
loans, which is even more than they owe on credit cards.
#27 The FDIC is
“insuring” U.S. bank deposits that total 5.4 trillion dollars with a deposit
insurance fund that is currently sitting at approximately negative 8 billion dollars .
#28 The Social
Security trust fund will run a deficit of 56 billion dollars this
year. Just a couple of years ago government planners were promising that
we would not have any Social Security deficits until at least 2016 or 2017.
#29 When you
adjust wages for inflation, middle class workers in the United States make less
money today than they did back in 1971 .
#30 4.2 million Americans have been
unemployed for one year or longer at this point.
#31 The number of
Americans that have become so discouraged that they have given up searching for
work completely now stands at an all-time high .
#32 According to a
recent Gallup poll, 35 percent of Americans believe that
unemployment is currently the most important problem in the United
States. Another 29 percent believe that the economy is currently our
biggest problem.
#33 Gallup also
says that 19.6 percent of the
workforce in America is currently either unemployed or underemployed.
#34 The U.S.
government says that 504,000 Americans “dropped out
of the labor force” in January.
#35 The Obama
administration is projecting that the federal budget deficit will be 1.65 trillion dollars for fiscal
2011.
#36 It is
estimated that the total U.S. national debt will be greater
than 100 percent of GDP by the end of this fiscal year.
#37 The U.S.
government relies on foreign nations such as China and Japan to finance 40 percent of all new government debt.
#38 State and
local government debt is now sitting at an all-time high of 22 percent of U.S. GDP.
#39 The Chinese
are now hoarding gold like there is no tomorrow. In fact, Chinese demand
for gold has now risen to
approximately 25% of total global production .
#40 According to
a recent report from the World Economic Forum , the world is going to need
another $100 trillion in credit to support projected “economic growth” over the
next decade.
#41 According to
the U.S. Conference of Mayors, visits to soup kitchens are up 24 percent over the past
year.
#42 One out of every seven
Americans is now on food stamps.
#43 One out of every six elderly
Americans now lives below the federal poverty line.
#44 During the
last school year, almost half of all school
children in the state of Illinois came from families that were considered to be
“low-income”.
#45 According to a
survey released very close to the end of 2010, 55 percent of all Americans are now living
paycheck to paycheck. A major economic downturn could quickly wipe out
millions of families.
#46 Gasoline
prices in the United States are now the highest that they have ever been in the middle
of February.
#47 Faith in our
economic system continues to decline. According to one new report, only 26 percent of
Americans now trust the U.S. financial system.’
]
Policymakers think the recovery is on "firmer footing." But
they also expect high unemployment to persist at least through the end of 2013. Panetta
outlines plan for bin Laden (Washington Post) [ Yeah, and if panetta’s grandmother had wheels she’d be
a trolley car. I mean, how much more irrelevant can the cia become, beyond
their drug deals, arms deals, among other self-interested / self-perpetuating
ops / commotions / promotions. In case they haven’t looked recently,
pervasively corrupt america is defacto bankrupt; and in large part owing to
their flawed, self-perpetuating strategies (oh, how they loved and miss the
cold war). Who cares (about Osama bin Laden or his deputy Ayman al-Zawahiri).
Indeed, one way or another, it makes no difference. Moreover, take a look at
the ‘stand-down’ order as discussed infra regarding ‘that pearl harbor event /
neo-con wet dream’. They are so pathetic! A parallel universe? They only
wish! ] CIA Director Leon Panetta
told Congress on Wednesday that if Osama bin Laden or his deputy Ayman
al-Zawahiri is captured they will be held by the military and probably will be
sent to Guantanamo Bay.
(Reuters)
On
national debt, interest is the monster (Washington Post) [ No! That’s not correct! This is a
two-headed monster and the gargantuan principal amount the other head.
Bondholders will never be paid (paper turned over for paper till the biggest
ponzi scheme in world history comes tumblin’ down. Moreover, assumptions are
wildly optimistic and totally unrealistic). Pervasively corrupt america is
defacto bankrupt! That’s reality! Howard Davidowitz on the Economy:
"Here Are the Numbers ... WE'RE BROKE!" 11-25-10
‘The
U.S. economy "is a complete disaster," Howard Davidowitz … Are you kidding me? "Here are the numbers...we're
broke," Davidowitz declares, noting the U.S. government goes $5 billion
deeper into debt every day and is facing $1 trillion-plus annual deficits for
the next decade. "In other words, we're bankrupt."As with the
economy, Davidowitz is unwaveringly consistent in his views on President Obama,
calling him "deranged, dysfunctional and discredited."Results of the
midterm election show "the people of this country think we are in a
catastrophe," he says. "I'm with them." Timid
Tuesday: Is it Safe? Davis ‘… This is how we
pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE OF CARDS IS
TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ ] Starting in 2014, net interest payments will surpass the
amount spent on education, transportation, energy and all other discretionary
programs outside defense. In 2018, they will outstrip Medicare spending House
brainstorms for budget trims (Washington Post) [ Brainstorms? The mere mention of the word brain
juxtaposed with the denizens of capital hill and one can’t help but conjure up
images of multiple scarecrows scurrying about that yellow brick road en route
to see the wizard while singing in unison ‘if they only had a brain’. ]
In
Bahrain, authorities move against protesters
Police
use tear gas, clubs and rubber bullets to disperse crowd (Washington Post) [ Bahrain authorities launch surprise attack on protesters [There’s the america and saudi Arabia
effect; far less than democratic and far more deadly in the mideast among other
places; talk about hypocrites. How does one family claim ownership of all the
oil reserves of a sovereign nation as the saudis; time for the saudis to go the
way of dictator Mubarak and take the war criminal americans with them. ] Los Angeles Times Tear gas canisters bombard
sleeping protesters in Manama's Pearl Square. At least two men are reported
killed Video: Bahrain
protesters look to emulate Egypt revolt euronews Riot Police Attack Bahrain Protesters Voice of America
Dick
Cheney and Donald Rumsfeld booed at GOP convention in D.C. New York Daily
News | Donald Rumsfeld and
Dick Cheney were booed on Thursday at the Conservative Political Action
Conference. Ron
Paul At CPAC: ‘Government is in the process of failing’ Is he running for US Senate? Is he signaling his bid for
US president? Or is he hinting at something deeper within the US political
climate? Milbank: Donald
trumps CPAC | Gibbs
gone (Washington Post) [ Trump’s a loser, dressed up and propped up
by and to shill for a declining, fallen nation in the most corrupt regions of
the country (every fallen nation has such); of that there is no question
…"Over the years I've participated in many battles and have really almost
come out very, very victorious every single time," the Donald said.
(Except for the bankruptc[ies], that is. [ trump’s never won a battle that
wasn’t fixed in advance (including the ‘pre-packaged bankrupcies’ crammed down
the throats of objecting creditors – jersey general ] ) "I've beaten many
people and companies, and I've won many wars," he added. (Though he didn't
serve in the military.) "I have fairly [according to mobster rules; ie.,
bribery, money laundering, etc.] but intelligently [ as any other mob boss …
trump is total b*** s***, a fraud, and lightweight … and, despite the façade,
quite insecure … trump’s a total mental case … He truly is the ‘poster-boy’ of
american decline and part of the problem, not the solution! …trump also said
america’s become the laughingstock of the world … true enough … and trump the
biggest joke … NEWS FLASH: Direct from
Lost Angeles Learning Annex – Presenting mobster t_rump of new yoke, new joyzey,
and now caleefornia mob fame with his continuing message for the past several
years: buy real estate (and watch the values go down…..riiiiight!). Bank sues Trump over Chicago tower loan... Trump casino to miss interest payment... trump’s fired Gunfire Erupts
Inside trump Taj Mahal Casino, 1 Dead - Second Such Incident In A Year At N.J.
Mainstay Ends With Employee Killed – What else would you you expect from a
mobster’s casino in mob-infested jersey!
Trump luxury resort
folds, leaving buyers defrauded…litigation has commenced…send for sister
maryanne, the corrupt federal judge to preside, coverup, etc., she’s in
n.y./n.j./pa 3 rd circuit ct appeals, understands drug money
laundering/fraud and handles her own motions to recuse her and like mobster
trump should be in jail ... (see RICO Case)
]
earned many billions of dollars [ at whose expense ], which in a sense
was both a scorecard and acknowledgment of my abilities [ to fool most of the
people, all of the time. ] ." TRUMP
DRAWS CHEERS, BOOS AT CONSERVATIVE CONFERENCE... PONDERING
PRESIDENTIAL RUN... Donald
T_rump Would Impose 25% Tax on China Imports if President [
trump also said america’s become the laughingstock of the world … true
enough … and trump the biggest joke … Indeed, that trump even posits the
possibility of a run when he should be in jail is a testament to just how big a
laughingstock pervasively corrupt, defacto bankrupt america’s become! [ If he was mobster in chief, mobster and
scoundrel trump wraps himself in populist american flag and offers up an (too
little too late – typical lightweight) implausible solution to keep ‘the juice’
flowing though he’d already be in jail in a rational, non-declining nation with
meaningful laws. All China has to do is dump (and not prospectively buy) their
ever more and declining in value day-by-day (from dollar debasement policies)
u.s. paper / bonds and overnight and the u.s. economy consequently thereby collapse. [ When you come right down
to it, this has been america’s most significant export. Indeed, this
irrevocable structural shift, hailed by cia men hw bush and clinton (clinton
couldn’t have survived with them) by way of NAFTA as the greatest thing since sliced bread was indeed in no
uncertain terms condemned and warned against by Perot, a man of honor who,
unlike his opponents, could not be bought, which is the reason, in pervasively
corrupt america, he could never have been elected. Interestingly, you may have
noticed the good (but not great, other than the spotlight on pervasive bribery
including judges, police, politicians, etc., being far too light) the film ‘The
Untouchables’ getting a wide re-airing of late, purporting to be a significant
part of american folklore / history / culture. However, the reality is that in
america, and certainly today, the real story with impact is that of ‘The
Touchables’. The reality is that Elliot Ness died a broken man; bankrupt,
unable to even win election to the mayoralty of his then current hometown. He
was incorruptible; and hence, in the real america, unelectable at the least if
not also all but unemployable (he and his are among those few genetic anomalies
in america as I’ve previously alluded to. How far america has fallen from even
false perception! Pervasively corrupt, meaningfully lawless america can’t even
fake it anymore. See, for example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal /
judicial processes, etc., Defacto bankrupt,
fraudulent america also spends more on offensive (defensive a misnomer /
propaganda) military spending than all the nations of the world combined, and
by a large margin at that. Do you see a pattern emerging here [ I unfortunately
only belatedly did, and the feds, fed employees, cia, all 3 branches of the
u.s. government, etc., are included in this evolved american trait of inherent
criminality in the most nefarious sense …
The pervasively corrupt american illegal system … corrupt u.s. courts /
(lawyers) / judges: Their lifetime plush appointments should be abolished,
which corrupt entities are unheard of in productive societies as China, Japan,
etc.. Time to abolish these drags on society and eliminate their lifetime
stipends and costly bureaucracies. Rules of law mean nothing to these typically
corrupt americans. Most, including sam alito of the u.s. supreme court,
concerning drug money laundering and obstruction of justice in the 3 rd circuit ( also
maryanne trump barry who covered-up drug money laundering through her brother’s
casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it for the money, personal money, big,
cash, untraceable money. The fog of war is great for such things (360 tons $100
bills flown into Iraq and missing, etc.). [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ].
america’s just a fraudulent and failed defacto bankrupt nation. ] “I would announce, without equivocation, a
25% tax increase on anything purchased from China.” ] CHENEY HECKLED...
'DRAFTDOGER!' 'WHERE'S BIN LADEN?'
]
] At least two are killed, while
those involved in the protests say others are critically injured. There is no
official word on deaths or injuries.
Congress
begins debate on regulation of financial 'WMDs' (Washington
Post) [ Wow! Sounds like a … ‘no-plan’! I mean, what do regulations, or even
laws for that matter, even matter, which is what in large part matters,
concerning what’s the matter with pervasively corrupt, defacto bankrupt
america. Fines and disgorgement through enforcement of the ‘already on the
books’ laws for the blatant (and still extant, now marked to anything as per
FASB legislated rule change regarding the toxic assets / worthless paper that
continues to be cashed out by the perps with fed help) wall street frauds would
have by multiples surpassed the budget cuts the ‘government’ is quibbling over
as if same would barely put a dent in the unsustainable debt levels, deficits.
How pathetic! ] A House committee is
examining how regulators are writing rules that could determine the safety,
efficiency and cost of derivatives. Obama
careful in crackdown (Washington
Post) [ Sounds like a page out of the former american-installed shah of Iran’s
play-book … The important difference here is the life and death continued
struggle of Iran against the Zionist israeli / american regimes (look at what
the latter regimes do, not what they say) … Indeed, the great american/israeli
hope for Iran, the ‘son of shah’ … pshaw! I have a special affinity for Egypt,
a land of great wisdom with the richest of histories and culture and wisdom of
the ages in wisely, at one time, holding Cats in their highest regard and
esteem! ] President Obama cautiously
criticized the Iranian government Tuesday for carrying out a deadly crackdown on
street demonstrations, as hard-line legislators in Tehran called for the
execution of several prominent opposition leaders. (Afp/getty Images)
Americans
climb out of debt, save more (Washington Post) [ There is what is
known in basic economics as the so-called ‘paradox of thrift’ and the negative
portends for the economy the natural concomitant. There is no getting away from
that age-old economic equation Gross Domestic Product is the sum of all
spending on goods and services in a nation's economy in a year. The formula for
GDP is: GDP = C + I + G + (Ex - Im), where “C” equals spending by consumers,
“I” equals investment by businesses, “G” equals government spending and “(Ex -
Im)” equals net exports, that is, the value of exports minus imports. Net
exports may be negative. Of late, the C component has risen to near 71%, fueled
by unsustainable credit. Private investment owing to a structural shift has
lagged for want of real (profitable domestic)
investment opportunities (the wall street computer-programmed high
frequency churn-and-earn is NOT a component here but rather a net negative
coming ultimately ‘out of main street’ and the people’s pockets, and owing to
the lesser propensity to consume of the frauds on wall street, etc.), and we
all know the direction of government spending. Read
more: GDP and the Players Three: All Together Now: C + I + G —
Infoplease.com http://www.infoplease.com/cig/economics/consumption-investment-government.html#ixzz1E79N4H4B . That said, this (saving) is still good
for americans generally since the government has long since all but stopped
concerning themselves with the dire predicament of the vast majority of the
nation and citizens. ] The recession that just rocked the U.S. economy happened
in part because Americans were borrowing and spending more than they could
afford. Now, three years after the downturn began, families are moving faster
than many analysts had expected to put their finances in order by paying down
debt and boosting their savings.
Jump
in global food prices pushes millions into poverty (Washington Post) [ There’s no mystery here … the
inevitable consequence of the world’s adoption of america’s funny-money new age
alchemy of spinning paper into fools’ gold … Indeed, the prognostications have
been hot and heavy, from hyperinflationary depression to … as investor Marc
Faber noted last year, this funny money intervention by the Federal Reserve is
going to create a final crisis that will destroy the U.S. financial system. The
Fed “will print and print and print until the final crisis wipes out the whole
system,” Faber warned. Now this fraudulent bubble that the frauds on wall street
commission and sell into is great for the frauds on wall street but bad for
everyone else since that value has to be made up somewhere, by some one … guess
(the obvious)… and if you can’t (guess), you haven’t been paying attention! ] Data released by the IMF show the cost of
grain and other staples is near its historic high. So
be it? Milbank: Boehner and his party's proposal for budget cuts would reverse the
economic recovery. (Washington Post) [ Come on! Wake up! Think of it this way,
in simple terms. Already bankrupt, you further bankrupt yourself by spending
money you don’t really have which gives that ‘warm and fuzzy feeling’ (albeit
to the next election) and obfuscates the cold, hard reality. That a structural
shift has occurred in economic / financial terms (that ‘sucking sound’) there
is no question. At some point, if there are glass half-full people in the bunch
(I am not one of them and believe this structural shift is ‘forever’ and
defacto bankrupt america’s decline is irrevocable owing to pervasive
corruption, fraud, criminal complicity, etc.. Kind of like madoff’s ponzi
scheme (at some point they always unravel / can’t cover and in the current news
madoff the fraud said the banks knew and you can take that to the bank since
madoff said it) … But isn’t it also true that we all know and that america’s
jig is up! Should the hole continue to be dug so irretrievably deep that
digging the way out is absolutely impossible ( I and others already believe
that point’s been surpassed, and these cuts so small as to be almost
insignificant … Davis ‘… This is how we pay off our current
debts and I think bondholders are simply happy to get anything out of a country
that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn
(entire global GDP) in the form of unfunded liabilities. The funniest thing
about this (and you have to laugh) is to see Conservative pundits get on TV and
talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE
CAREFUL OUT THERE! ‘ ) Obama
proposes $3.7 trillion budget (Washington Post) [ What the heck! It’s only ‘helicopter ben’ monopoly
money anyway; that paper stuff ( Globalists
Push SDRs as World Reserve Currency As investor Marc Faber noted last year, this funny money intervention by
the Federal Reserve is going to create a final crisis that will destroy the
U.S. financial system. The Fed “will print and print and print until the final
crisis wipes out the whole system,” Faber warned. IMF calls for dollar
alternative The International
Monetary Fund issued a report Thursday on a possible replacement for the dollar
as the world’s reserve currency. Budget
makes deep cuts, cautious trades (Washington Post) [ I still have great difficulty wrapping my mind around
the cut in the (relatively minuscule) heating oil program for the poor (after
all, that’s potentially lethal to such disenfranchised groups) … Drudgereport: White House to Slash Heating
Program for Poor…but still no pros of massive frauds on wall street which fines
and disgorgement of would yield huge amounts to cover spending... Howard Davidowitz on the Economy:
"Here Are the Numbers ... WE'RE BROKE!" 11-25-10
‘The
U.S. economy "is a complete disaster," Howard Davidowitz declared here in July, the most recent in a string of dire predictions from Tech Ticker's most entertaining
guest.On the eve of Thanksgiving, I asked Davidowitz if he had any regrets, or
was ready to throw in the towel given recent signs of economic revival. Are you kidding me? "Here are the numbers...we're
broke," Davidowitz declares, noting the U.S. government goes $5 billion
deeper into debt every day and is facing $1 trillion-plus annual deficits for
the next decade. "In other words, we're bankrupt."As with the
economy, Davidowitz is unwaveringly consistent in his views on President Obama,
calling him "deranged, dysfunctional and discredited."Results of the
midterm election show "the people of this country think we are in a
catastrophe," he says. "I'm with them."Check the accompanying
video for more of Howard's unfettered opinions and stay tuned for additional clips from this interview. And...Happy
Thanksgiving! Aaron
Task is the host of Tech Ticker. You can follow him on Twitter at @atask [email protected] Timid
Tuesday: Is it Safe? ] ] Fed chairman offers dire warnings about the damage Congress
could wreak if it refrains from raising the government's debt limit this
spring. ] The $3.7 trillion plan proposes
to trim or terminate more than 200 federal programs to make room for increases
aimed at boosting the economy.
Speaking of Monopoly / atlantic city, n.j., maryanne trump barry and sam
alito, et als have done all right for
themselves as the corrupt judiciary usually does, one way or another. Indeed,
judicial retirement funds for these plushly accoutered lifetime appointees is
up 25.9% and the general operating fund up 6.6% (source, http://www.washingtonpost.com/wp-srv/special/politics/federal-budget-2012/index.html … the trumps are
getting it up front and on the back end, which is typical in a pervasivly
corrupt system as defacto bankrupt america … abolish the courts . Connecticut,
California join probe of Ally (Washington Post) [ I’d be much
more impressed if they initiated a probe of more readily discernible criminal
offenses in violation of the RICO Act (Other newark / new jersey and new
york, n.y. metro, viz., ie., connecticut, and of course, d.c., d.c. metro,
viz., ie., virginia experience … corrupt federal judges as maryanne trump
barry, sam alito, shiff, matz (california), hall, underhill, dorsey, etc..
Defacto bankrupt america’s so-called system is pervasively corrupt and broken
(AP) Abolish the corrupt, costly,
economically wasteful lifetime extravagantly appointed federal courts - see
RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
) ] http://albertpeia.com Frauds/Liars
(sic-lawyers)Covering Up for Other Frauds/Liars (sic-lawyers). In Productive
Societies as China, Japan, etc., Fraudulent Liars (sic-lawyers) and the
Fraudulent u.s. System They're a Part of Are Unheard Of/Non-existent. List of
Files Regarding Filed Attorney Grievance Against Fraud coan et als Or Here For A Clearer View Of Filed
Grievance Complaint, Response, Exhibits, and Related RICO Filings Note the Committee of
Frauds/Liars (sic-lawyers). Included are DOJ Rep., State Court Rep., State
Atty. General Office Rep., and even a Vegetable Garden yale law prof who
probably never practiced law in his life. How Pathetic! http://albertpeia.com/fbiofficela91310 ] Justice:
FBI improperly opened probes (Washington Post) [
I just hope they’re as zealous (in probing readily discernible crime) with
regard to my RICO matters and the corruption in the (judicial / legal) process
since, in the final analysis, it will have been the corruption within that will
have brought the nation down irrevocably and totally.]
The Undeniable Signs of Inflation Kaminis ‘January's Import and Export Price
Report showed significant price increases in both imports and exports, and
unfortunately, across both overall measures and those excluding food and fuel.
We posit that the chatter that has overwhelmed the financial airwaves of late,
making an argument we made years ago mind you, is worth listening to once
again. Inflation portends to blindside the market and its caretakers, the group
of merry men who shrug off all evil until it is upon them…
"We
Are Apple" and Five Other Horrifying Corporate Anthems That Will Stun You
Into Submission Minyanville ‘For all the talk these
days about being a "team player," it wouldn't be a wholly terrible
idea to take a look at some corporate anthems that would make even the most
cynical employee's chest swell with pride. Or is that embarrassment? http://www.youtube.com/watch?v=nbJy0O4UFSM&feature=player_embedded http://www.youtube.com/watch?v=xGbI87tyr_4&feature=player_embedded http://www.youtube.com/watch?v=-ZG1MKFyh9E&feature=player_embedded http://www.youtube.com/watch?v=FRTf3UXCpiE&feature=player_embedded http://www.youtube.com/watch?v=gZ85Abu_TBs&feature=player_embedded http://www.youtube.com/watch?v=MaIq9o1H1yo&feature=player_embedded
Concerns
over European defense cuts (Washington Post) [ At some point, rationality must
overcome irrationality; if only necessity being the mother of this new-found
invention (rationality). Interestingly, there was a blip on television news
from a NATO rep talking up the technological / military superiority of NATO
relative to Russia (without whose technological prowess that space station and
crew would literally be lost in space). So take that, literally … and make the
cuts (rational). ] European policymakers say the cuts are necessary given their
financial straits, and that training, not sheer numbers, is what matters in a
post-Cold War world.
Budget
makes deep cuts, cautious trades (Washington Post) [ I still have great difficulty wrapping my mind around
the cut in the (relatively minuscule) heating oil program for the poor (after
all, that’s potentially lethal to such disenfranchised groups) … Drudgereport: White House to Slash Heating
Program for Poor…but still no pros of massive frauds on wall street which fines
and disgorgement of would yield huge amounts to cover spending... Howard Davidowitz on the Economy:
"Here Are the Numbers ... WE'RE BROKE!" 11-25-10
‘The
U.S. economy "is a complete disaster," Howard Davidowitz declared here in July, the most recent in a string of dire predictions from Tech Ticker's most entertaining
guest.On the eve of Thanksgiving, I asked Davidowitz if he had any regrets, or
was ready to throw in the towel given recent signs of economic revival. Are you kidding me? "Here are the numbers...we're
broke," Davidowitz declares, noting the U.S. government goes $5 billion
deeper into debt every day and is facing $1 trillion-plus annual deficits for
the next decade. "In other words, we're bankrupt."As with the
economy, Davidowitz is unwaveringly consistent in his views on President Obama,
calling him "deranged, dysfunctional and discredited."Results of the
midterm election show "the people of this country think we are in a
catastrophe," he says. "I'm with them."Check the accompanying
video for more of Howard's unfettered opinions and stay tuned for additional clips from this interview. And...Happy
Thanksgiving! Aaron
Task is the host of Tech Ticker. You can follow him on Twitter at @atask [email protected] Timid
Tuesday: Is it Safe? Davis ‘… This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS
HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ ] ] Fed chairman offers dire warnings about the damage Congress
could wreak if it refrains from raising the government's debt limit this
spring. ] The $3.7 trillion plan proposes
to trim or terminate more than 200 federal programs to make room for increases
aimed at boosting the economy. Robinson: Do
conservatives love freedom? (Washington
Post) [ Truth be told, I’ve oft
referred to myself as conservative. I also embrace freedom; which, of course,
is the antithesis of ‘such conservatives’ as ie., mobsters as trump et als,
Maryanne trump barry, sam alito, mafia, neo-cons cheney, dumbya bush, rumsfeld,
mental cases as john bolton, trump, dummy palin, limbaugh, hannity, etc., who
in their near facist way always want control; ie., your thoughts, actions,
inclinations, etc.. The left, totalitarian communism, wobamanoids in the dhs,
etc., are little different. I personally am constrained to disassociate myself
with the likes of the foregoing and as discussed infra: Dick
Cheney and Donald Rumsfeld booed at GOP convention in D.C. New York Daily
News | Donald Rumsfeld and
Dick Cheney were booed on Thursday at the Conservative Political Action
Conference. Ron
Paul At CPAC: ‘Government is in the process of failing’ Is he running for US Senate? Is he signaling his bid for
US president? Or is he hinting at something deeper within the US political
climate? Milbank: Donald
trumps CPAC | Gibbs
gone (Washington Post) [ Trump’s a loser, dressed up and propped up
by and to shill for a declining, fallen nation in the most corrupt regions of
the country (every fallen nation has such); of that there is no question
…"Over the years I've participated in many battles and have really almost
come out very, very victorious every single time," the Donald said.
(Except for the bankruptc[ies], that is. [ trump’s never won a battle that
wasn’t fixed in advance (including the ‘pre-packaged bankrupcies’ crammed down
the throats of objecting creditors – jersey general ] ) "I've beaten many
people and companies, and I've won many wars," he added. (Though he didn't
serve in the military.) "I have fairly [according to mobster rules; ie.,
bribery, money laundering, etc.] but intelligently [ as any other mob boss …
trump is total b*** s***, a fraud, and lightweight … and, despite the façade,
quite insecure … trump’s a total mental case … He truly is the ‘poster-boy’ of
american decline and part of the problem, not the solution! …trump also said
america’s become the laughingstock of the world … true enough … and trump the
biggest joke … NEWS FLASH: Direct from
Lost Angeles Learning Annex – Presenting mobster t_rump of new yoke, new
joyzey, and now caleefornia mob fame with his continuing message for the past
several years: buy real estate (and watch the values go down…..riiiiight!). Bank sues Trump over Chicago tower loan... Trump casino to miss interest payment... trump’s fired Gunfire Erupts
Inside trump Taj Mahal Casino, 1 Dead - Second Such Incident In A Year At N.J.
Mainstay Ends With Employee Killed – What else would you you expect from a
mobster’s casino in mob-infested jersey!
Trump luxury resort
folds, leaving buyers defrauded…litigation has commenced…send for sister
maryanne, the corrupt federal judge to preside, coverup, etc., she’s in
n.y./n.j./pa 3 rd circuit ct appeals, understands drug money
laundering/fraud and handles her own motions to recuse her and like mobster
trump should be in jail ... (see RICO Case)
]
earned many billions of dollars [ at whose expense ], which in a sense
was both a scorecard and acknowledgment of my abilities [ to fool most of the
people, all of the time. ] ." TRUMP
DRAWS CHEERS, BOOS AT CONSERVATIVE CONFERENCE... PONDERING
PRESIDENTIAL RUN... Donald
T_rump Would Impose 25% Tax on China Imports if President [
trump also said america’s become the laughingstock of the world … true
enough … and trump the biggest joke … Indeed, that trump even posits the
possibility of a run when he should be in jail is a testament to just how big a
laughingstock pervasively corrupt, defacto bankrupt america’s become! [ If he was mobster in chief, mobster and
scoundrel trump wraps himself in populist american flag and offers up an (too
little too late – typical lightweight) implausible solution to keep ‘the juice’
flowing though he’d already be in jail in a rational, non-declining nation with
meaningful laws. All China has to do is dump (and not prospectively buy) their
ever more and declining in value day-by-day (from dollar debasement policies)
u.s. paper / bonds and overnight and the u.s. economy consequently thereby collapses. [ When you come right
down to it, this has been america’s most significant export. Indeed, this
irrevocable structural shift, hailed by cia men hw bush and clinton (clinton
couldn’t have survived with them) by way of NAFTA as the greatest thing since sliced bread was indeed in no
uncertain terms condemned and warned against by Perot, a man of honor who,
unlike his opponents, could not be bought, which is the reason, in pervasively
corrupt america, he could never have been elected. Interestingly, you may have
noticed the good (but not great, other than the spotlight on pervasive bribery
including judges, police, politicians, etc., being far too light) the film ‘The
Untouchables’ getting a wide re-airing of late, purporting to be a significant
part of american folklore / history / culture. However, the reality is that in
america, and certainly today, the real story with impact is that of ‘The
Touchables’. The reality is that Elliot Ness died a broken man; bankrupt,
unable to even win election to the mayoralty of his then current hometown. He
was incorruptible; and hence, in the real america, unelectable at the least if
not also all but unemployable (he and his are among those few genetic anomalies
in america as I’ve previously alluded to. How far america has fallen from even
false perception! Pervasively corrupt, meaningfully lawless america can’t even
fake it anymore. See, for example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal /
judicial processes, etc., Defacto bankrupt,
fraudulent america also spends more on offensive (defensive a misnomer /
propaganda) military spending than all the nations of the world combined, and
by a large margin at that. Do you see a pattern emerging here [ I unfortunately
only belatedly did, and the feds, fed employees, cia, all 3 branches of the
u.s. government, etc., are included in this evolved american trait of inherent
criminality in the most nefarious sense …
The pervasively corrupt american illegal system … corrupt u.s. courts /
(lawyers) / judges: Their lifetime plush appointments should be abolished,
which corrupt entities are unheard of in productive societies as China, Japan,
etc.. Time to abolish these drags on society and eliminate their lifetime
stipends and costly bureaucracies. Rules of law mean nothing to these typically
corrupt americans. Most, including sam alito of the u.s. supreme court,
concerning drug money laundering and obstruction of justice in the 3 rd circuit ( also
maryanne trump barry who covered-up drug money laundering through her brother’s
casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it for the money, personal money, big,
cash, untraceable money. The fog of war is great for such things (360 tons $100
bills flown into Iraq and missing, etc.). [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ].
america’s just a fraudulent and failed defacto bankrupt nation. ] “I would announce, without equivocation, a
25% tax increase on anything purchased from China.” ] CHENEY
HECKLED... 'DRAFTDOGER!' 'WHERE'S BIN LADEN?' ]
Symbolic
reductions (Washington Post) Gerson: Why would the
GOP cut funding for bed nets in Africa? [ Well, given the perilous state of a
nation-state in peril; viz., defacto bankrupt america and the imperiled
citizenry therein, one might ask how such was funded in the first instance… Drudgereport: DEBT
NOW EQUALS ENTIRE ECONOMY OBAMA
AGENDA IS OVER Obama
refers to himself as 'The Gipper'… [ Riiiight! …anything you say wobmama the b
for b*** s***… or maybe the bipper, the chipper, or the yankee clipper (the new
joltin’ joe) …sounds like he’s losing it! ] ... France
Wants New Global Finance System; End of Dollar Dominance... Fannie,
Freddie bailout: $153 billion and counting... GALLUP:
Unemployment at 10.3%... GADDAFI
TELLS PALESTINIANS: REVOLT AGAINST ISRAEL Gov't
Motors to pay out $189 million in bonuses; some workers to get 50% payoffs.. Deficit
Expected to Jump to $1.65 Trillion... ...'slow
train wreck coming' BUDGET
BLOWOUT: How big is $3.73 trillion? $12,000 from each American... ANALYSIS:
$1.5 trillion
tax hike over 10 years... AIRLINES:
New fees would be $2 billion tax increase on flyers... Sessions:
Obama failed on budget... Long
Spending Fight... Produce
prices to skyrocket with freeze in Mexico, Southwest... Clothing
Prices to Rise 10% Starting in Spring... China
Replaced Japan in 2010 as Number 2 Economy... ]
Could
the Dow Hit 4,500? [ Short answer: YES! Prechter et als say even far lower
(which I would agree with in real terms, but not in debased dollar terms.) ] Norfolk ‘October 20,
1999: I am at a breakfast briefing run by a British investment house. Scarfing
my bacon bap and croissant, washed down with the treacly and malodorous coffee
that only hotels can provide, I feel quite the patronised lower-order
businessman as I listen to the market overview.
Bernanke Helps Fuel an Increasingly Expensive Market Roche ‘As the market continues to grind higher each and every day,
it’s useful to gain some perspective on just how much Bernanke is impacting
valuations and generating disequilibrium in the market. In order to do so we’ll
review a number of long-term valuation indicators.
The first is Warren Buffett’s self proclaimed favorite
valuation tool ( see
here for more ). He uses the total market cap of the US stock market
compared to GNP. He has generally maintained that levels below 80% are bullish.
The latest reading of 106% is well below the levels seen at the last two market
peaks, but well above the historical average levels. You will notice that the
permanently high valuations coincide with the Greenspan Put which has now
morphed into the Bernanke Put.
click to enlarge images [chart]
John Hussman’s latest piece
succinctly describes the current market environment in which Ben Bernanke
continues to encourage speculation and malinvestment. As we all know by now it
is Bernanke’s goal to keep asset prices “higher than they otherwise would be”
in an attempt to generate a self sustaining economic recovery through asset
prices. This is the insane notion that nominal wealth will lead to real wealth.
In fact, Ben Bernanke has this quite backwards.
Fundamentals drive real wealth – not nominal price increases. But two bubbles
in one decade doesn’t teach this man a lesson. Hussman elaborates:
Last week, the
S&P 500 Index ascended to a Shiller P/E in excess of 24 (this “cyclically-adjusted
P/E” or CAPE represents the ratio of the S&P 500 to 10-year average
earnings, adjusted for inflation). Prior to the mid-1990′s market bubble,
a multiple in excess of 24 for the CAPE was briefly seen only once, between
August and early-October 1929. Of course, we observe richer multiples at the
heights of the late-1990′s bubble, when investors got ahead of themselves
in response to the introduction of transformative technologies such as the
internet. After a market slide of more than 50%, investors again pushed the
Shiller multiple beyond 24 during the housing bubble and cash-out financing
free-for-all that ended in the recent mortgage collapse.
And here we are
again. This is not to say that we can rule out yet higher valuations, but with
no transformative technologies driving the economy, little expansion in capital
investment, and ongoing retrenchment in consumer balance sheets, I can’t help
but think that the “virtuous cycle” rhetoric of Ben Bernanke is an awfully thin
gruel by comparison. We should not deserve to be called “investors” if we fail
to recognize that valuations are richer today than at any point in history,
save for the few months before the 1929 crash, and a bubble period that has
been rewarded by zero total return for the S&P 500 since 2000. Indeed, the
stock market has lagged the return on low-yielding Treasury bills since August
1998. I am not sure that even members of my own profession have learned
anything from this.
[chart]
Using his
expected returns methodology Mr. Hussman is looking for annual returns of just
3.15% in the coming decade:
[chart]
Dshort brings us the Q
Ratio which has now hit “nosebleed” territory again. This is consistent with
the other metrics which all showed relatively stable ranges until the Fed began
its unusual policy of propping up markets following the 87 crash. The latest
reading of 1.17 is well below the Nasdaq bubble peak, but is higher than any
other historical peak. “Nosebleed” could be an understatement.
[chart]
As
I mentioned in December , we have to ask ourselves if any of this matters as long
as the Fed is directly involved in promoting speculation. It’s now clear that
the Bernanke Put is well ingrained in every investor’s head. Never has the
Federal Reserve been so explicit about propping up asset prices and it has
created a speculative frenzy that has every investor trying to front-run the
Fed.
The problem for
the Fed will be letting their foot off the gas. They have created a beast that
they likely no longer control. When and if the Fed ever ends QE it is likely
that markets will begin to revert to the mean. This will likely force the Fed’s
hand to stabilize markets. So what we’ve created with this explicit backstop is
a positive feedback loop. Can the Fed ever get out of the market now? And if
they don’t it’s likely that markets will spiral higher until they cannot
control the inevitable collapse.
The foolishness
of current Fed policy cannot be downplayed. Let’s hope for the sake of US
citizens that they are as quick to take credit for the inevitable market
decline as they have been about taking credit for the rally. For once they admit
to having contributed to malinvestment and misallocation of resources we can
likely begin mounting a case that closes this horrible chapter in American
history where the Central Bank attempted to turn our economy into a
financialized ponzi scheme.’
Tea Party
declares war on military spending Guardian | Dispute
between the Republican party establishment and the Tea Party movement boiled
over into the public arena during this week’s CPAC conference.
Dick
Cheney and Donald Rumsfeld booed at GOP convention in D.C. New York Daily
News | Donald Rumsfeld and
Dick Cheney were booed on Thursday at the Conservative Political Action
Conference. Ron
Paul At CPAC: ‘Government is in the process of failing’ Is he running for US Senate? Is he signaling his bid for
US president? Or is he hinting at something deeper within the US political
climate? Milbank: Donald
trumps CPAC | Gibbs
gone (Washington Post) [ Trump’s a loser, dressed up and propped up
by and to shill for a declining, fallen nation in the most corrupt regions of
the country (every fallen nation has such); of that there is no question
…"Over the years I've participated in many battles and have really almost
come out very, very victorious every single time," the Donald said.
(Except for the bankruptc[ies], that is. [ trump’s never won a battle that
wasn’t fixed in advance (including the ‘pre-packaged bankrupcies’ crammed down
the throats of objecting creditors – jersey general ] ) "I've beaten many
people and companies, and I've won many wars," he added. (Though he didn't
serve in the military.) "I have fairly [according to mobster rules; ie.,
bribery, money laundering, etc.] but intelligently [ as any other mob boss …
trump is total b*** s***, a fraud, and lightweight … and, despite the façade,
quite insecure … trump’s a total mental case … He truly is the ‘poster-boy’ of
american decline and part of the problem, not the solution! …trump also said
america’s become the laughingstock of the world … true enough … and trump the
biggest joke … NEWS FLASH: Direct from
Lost Angeles Learning Annex – Presenting mobster t_rump of new yoke, new
joyzey, and now caleefornia mob fame with his continuing message for the past
several years: buy real estate (and watch the values go down…..riiiiight!). Bank sues Trump over Chicago tower loan... Trump casino to miss interest payment... trump’s fired Gunfire Erupts
Inside trump Taj Mahal Casino, 1 Dead - Second Such Incident In A Year At N.J.
Mainstay Ends With Employee Killed – What else would you you expect from a
mobster’s casino in mob-infested jersey!
Trump luxury resort
folds, leaving buyers defrauded…litigation has commenced…send for sister
maryanne, the corrupt federal judge to preside, coverup, etc., she’s in
n.y./n.j./pa 3 rd circuit ct appeals, understands drug money
laundering/fraud and handles her own motions to recuse her and like mobster
trump should be in jail ... (see RICO Case)
]
earned many billions of dollars [ at whose expense ], which in a sense
was both a scorecard and acknowledgment of my abilities [ to fool most of the
people, all of the time. ] ." TRUMP
DRAWS CHEERS, BOOS AT CONSERVATIVE CONFERENCE... PONDERING
PRESIDENTIAL RUN... Donald
T_rump Would Impose 25% Tax on China Imports if President [
trump also said america’s become the laughingstock of the world … true
enough … and trump the biggest joke … Indeed, that trump even posits the
possibility of a run when he should be in jail is a testament to just how big a
laughingstock pervasively corrupt, defacto bankrupt america’s become! [ If he was mobster in chief, mobster and
scoundrel trump wraps himself in populist american flag and offers up an (too
little too late – typical lightweight) implausible solution to keep ‘the juice’
flowing though he’d already be in jail in a rational, non-declining nation with
meaningful laws. All China has to do is dump (and not prospectively buy) their
ever more and declining in value day-by-day (from dollar debasement policies)
u.s. paper / bonds and overnight and the u.s. economy consequently thereby collapse. [ When you come right down
to it, this has been america’s most significant export. Indeed, this
irrevocable structural shift, hailed by cia men hw bush and clinton (clinton
couldn’t have survived with them) by way of NAFTA as the greatest thing since sliced bread was indeed in no
uncertain terms condemned and warned against by Perot, a man of honor who,
unlike his opponents, could not be bought, which is the reason, in pervasively
corrupt america, he could never have been elected. Interestingly, you may have
noticed the good (but not great, other than the spotlight on pervasive bribery
including judges, police, politicians, etc., being far too light) the film ‘The
Untouchables’ getting a wide re-airing of late, purporting to be a significant
part of american folklore / history / culture. However, the reality is that in
america, and certainly today, the real story with impact is that of ‘The
Touchables’. The reality is that Elliot Ness died a broken man; bankrupt,
unable to even win election to the mayoralty of his then current hometown. He
was incorruptible; and hence, in the real america, unelectable at the least if
not also all but unemployable (he and his are among those few genetic anomalies
in america as I’ve previously alluded to. How far america has fallen from even
false perception! Pervasively corrupt, meaningfully lawless america can’t even
fake it anymore. See, for example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal /
judicial processes, etc., Defacto bankrupt,
fraudulent america also spends more on offensive (defensive a misnomer /
propaganda) military spending than all the nations of the world combined, and
by a large margin at that. Do you see a pattern emerging here [ I unfortunately
only belatedly did, and the feds, fed employees, cia, all 3 branches of the
u.s. government, etc., are included in this evolved american trait of inherent
criminality in the most nefarious sense …
The pervasively corrupt american illegal system … corrupt u.s. courts /
(lawyers) / judges: Their lifetime plush appointments should be abolished,
which corrupt entities are unheard of in productive societies as China, Japan,
etc.. Time to abolish these drags on society and eliminate their lifetime
stipends and costly bureaucracies. Rules of law mean nothing to these typically
corrupt americans. Most, including sam alito of the u.s. supreme court,
concerning drug money laundering and obstruction of justice in the 3 rd circuit ( also
maryanne trump barry who covered-up drug money laundering through her brother’s
casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it for the money, personal money, big,
cash, untraceable money. The fog of war is great for such things (360 tons $100
bills flown into Iraq and missing, etc.). [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ].
america’s just a fraudulent and failed defacto bankrupt nation. ] “I would announce, without equivocation, a
25% tax increase on anything purchased from China.” ] CHENEY
HECKLED... 'DRAFTDOGER!' 'WHERE'S BIN LADEN?' ]
Drudgereport: DEBT
NOW EQUALS ENTIRE ECONOMY OBAMA
AGENDA IS OVER Obama
refers to himself as 'The Gipper'… [ Riiiight! …anything you say wobmama the b
for b*** s***… or maybe the bipper, the chipper, or the yankee clipper (the new
joltin’ joe) …sounds like he’s losing it! ] ... France
Wants New Global Finance System; End of Dollar Dominance... Fannie,
Freddie bailout: $153 billion and counting... GALLUP:
Unemployment at 10.3%... GADDAFI
TELLS PALESTINIANS: REVOLT AGAINST ISRAEL Gov't
Motors to pay out $189 million in bonuses; some workers to get 50% payoffs.. Deficit
Expected to Jump to $1.65 Trillion... ...'slow
train wreck coming' BUDGET
BLOWOUT: How big is $3.73 trillion? $12,000 from each American... ANALYSIS:
$1.5 trillion
tax hike over 10 years... AIRLINES:
New fees would be $2 billion tax increase on flyers... Sessions:
Obama failed on budget... Long
Spending Fight... Produce
prices to skyrocket with freeze in Mexico, Southwest... Clothing
Prices to Rise 10% Starting in Spring... China
Replaced Japan in 2010 as Number 2 Economy... China
plans Colombian rail link to challenge Panama canal... The
March On Berlusconi...
Malware
'Aimed at Iran Hit Five Sites'...
Mubarak
'falls into coma after final speech'... Egyptian
military orders last protesters out of 'Liberation Square'... Consolidates
power... Delivers
ultimatum...
Stocks
gain as Mubarak resigns (Washington
Post) [ Come on! Don’t be ridiculous!
Stocks gain regardless of the ‘event resignation’ as pointed out by Dave,
immediately infra. The ‘miracle’ of computer-programmed high-frequency trading
fraud with fed / congressional complicity, which will inevitably end quite
badly for the vast majority at whose expense the gains for the relative few are
made. One-Way Market Action: Dave's Daily ‘"To the moon"(Alice) might be a better description of
this nonstop bullish action. All week markets were worrying about Egypt. When
things were bad there, markets rallied. When things seemed better, markets
rallied. When Cisco and Credit Suisse posted lousy reports, markets rallied.
When China raised interest rates, markets rallied. Every dip has been bought
and every dip has been buying. All this was taking place while many emerging
markets were breaking down creating some divergence from previously high
inter-market correlations. Things are going so well most reliable technical
indicators are getting steamrolled by what those few trading must believe is a
rosy future. Market rallies have been steady but not spectacularly higher with
daily .50% type moves. But, those add up. Does all this frustrate us?
Partially, since active portfolios exited a couple of weeks ago but Lazy
Portfolios are doing better. Making sense of Mr. Market has never been an easy
proposition. I'm back from attending the annual Inside ETFs conference in Florida where I
moderated a panel on technical analysis. Most panelists were bullish but
couldn't pin-point why other than "price" analysis. Friday Mubarak
gave up probably needing the extra time to round-up the loot before he left
town for a Club Med in Dubai or some such place. Markets opened lower on
Mubarak's initial determination but then rallied some on his change of heart
Friday…’ ] The relief over the embattled leader's
departure extends well beyond Tahrir Square. Ahmadinejad speaks on Egypt
(Washington Post) [ ‘Ahmadinejad says Egypt, Tunisia were inspired by Iran's
anti-Western protests’ … Yeah … this is really the truth … buttressed by
factual reality … I mean, though suffering the economic pain of american /
israeli / nato destructive mis-adventures in the mid-east, the american public
is relatively insulated from the realities of same, from war crimes to
destruction of innocent lives and property, by way of propaganda and inured by
their own zombification. The realities of the west’s inflicted horrors have
finally come home to roost. There are and will be consequences! This world is
not a vacuum. ] GOP's
plan for spending cuts sets Capitol Hill showdown (Washington
Post) [ Showdown? How ‘bout hoedown! I mean, give me a break … who’s kidding
whom … but the ‘show’ part fits! Timid
Tuesday: Is it Safe? Davis ‘… This is how we pay off our current
debts and I think bondholders are simply happy to get anything out of a country
that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn
(entire global GDP) in the form of unfunded liabilities. The funniest thing
about this (and you have to laugh) is to see Conservative pundits get on TV and
talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS
TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
Howard Davidowitz on the Economy:
"Here Are the Numbers ... WE'RE BROKE!" 11-25-10
‘The U.S. economy "is a complete
disaster," Howard Davidowitz declared here in July, the most recent in a string of dire predictions … "Here are the numbers...we're broke," Davidowitz declares,
noting the U.S. government goes $5 billion deeper into debt every day and is
facing $1 trillion-plus annual deficits for the next decade. "In other
words, we're bankrupt."As with the economy, Davidowitz is unwaveringly consistent in his views on President Obama, calling him "deranged,
dysfunctional and discredited."Results of the midterm election show
"the people of this country think we are in a catastrophe," he says.
"I'm with them." ] Some Republicans express concerns about the steep cuts,
but some cheer the trims as an important political objective -- meeting a
campaign pledge they made last fall to grass-roots activists.
T_rump: Ron Paul Has “Zero Chance” Of Beating Obama Paul Joseph
Watson | { Drudgereport: TRUMP
DRAWS CHEERS, BOOS AT CONSERVATIVE CONFERENCE... PONDERING
PRESIDENTIAL RUN... Donald
T_rump Would Impose 25% Tax on China Imports if President [ trump also said america’s become the
laughingstock of the world … true enough … and trump the biggest joke … Indeed,
that trump even posits the possibility of a run when he should be in jail is a
testament to just how big a laughingstock pervasively corrupt, defacto bankrupt
america’s become! [ If he was mobster
in chief, mobster and scoundrel trump wraps himself in populist american flag
and offers up an (too little too late – typical lightweight) implausible
solution to keep ‘the juice’ flowing though he’d already be in jail in a
rational, non-declining nation with meaningful laws. All China has to do is
dump (and not prospectively buy) their ever more and declining in value
day-by-day (from dollar debasement policies) u.s. paper / bonds and overnight
the u.s. economy consequently thereby
collapses. [ When you come right down to it, this has been america’s most
significant export. Indeed, this irrevocable structural shift, hailed by cia
men hw bush and clinton (clinton couldn’t have survived with them) by way of
NAFTA as the greatest thing since
sliced bread was indeed in no uncertain terms condemned and warned against by
Perot, a man of honor who, unlike his opponents, could not be bought, which is
the reason, in pervasively corrupt america, he could never have been elected.
Interestingly, you may have noticed the good (but not great, other than the spotlight
on pervasive bribery including judges, police, politicians, etc., being far too
light) the film ‘The Untouchables’ getting a wide re-airing of late, purporting
to be a significant part of american folklore / history / culture. However, the
reality is that in america, and certainly today, the real story with impact is
that of ‘The Touchables’. The reality is that Elliot Ness died a broken man;
bankrupt, unable to even win election to the mayoralty of his then current
hometown. He was incorruptible; and hence, in the real america, unelectable at
the least if not also all but unemployable (he and his are among those few
genetic anomalies in america as I’ve previously alluded to. How far america has
fallen from even false perception! Pervasively corrupt, meaningfully lawless
america can’t even fake it anymore. See, for example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal /
judicial processes, etc., Defacto bankrupt,
fraudulent america also spends more on offensive (defensive a misnomer /
propaganda) military spending than all the nations of the world combined, and
by a large margin at that. Do you see a pattern emerging here [ I unfortunately
only belatedly did, and the feds, fed employees, cia, all 3 branches of the
u.s. government, etc., are included in this evolved american trait of inherent
criminality in the most nefarious sense …
The pervasively corrupt american illegal system … corrupt u.s. courts /
(lawyers) / judges: Their lifetime plush appointments should be abolished,
which corrupt entities are unheard of in productive societies as China, Japan,
etc.. Time to abolish these drags on society and eliminate their lifetime
stipends and costly bureaucracies. Rules of law mean nothing to these typically
corrupt americans. Most, including sam alito of the u.s. supreme court,
concerning drug money laundering and obstruction of justice in the 3 rd circuit ( also
maryanne trump barry who covered-up drug money laundering through her brother’s
casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it for the money, personal money, big,
cash, untraceable money. The fog of war is great for such things (360 tons $100
bills flown into Iraq and missing, etc.).
[ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ].
america’s just a fraudulent and failed defacto bankrupt nation. ] “I would announce, without equivocation, a
25% tax increase on anything purchased from China.” ] CHENEY
HECKLED... 'DRAFTDOGER!' 'WHERE'S BIN LADEN?' }
In reality, the Texas Congressman has a better chance than
Republican darling Sarah Palin.
Drudgereport: IMF
CALLS FOR ALTERNATIVE TO $$ AS WORLD'S RESERVE MILITARY
TAKES COMMAND 'Egypt
is Free,' crowds chant... WIRE:
Military coup was behind Mubarak's exit... Military
calls for normal business activity to resume... DAY
18: Mubarak and family flee Cairo for Sharm el-Sheikh... Swiss
freeze assets... Obama
learns of resignation watching TV... Crisis
Puts White House in Disarray... Director
of National Intelligence: Muslim Brotherhood 'Largely Secular,' 'Has Eschewed
Violence'... 'Weakness'
in USA... Ahmadinejad:
Egyptian protests herald new Mideast... AL-JAZEERA
LIVE FEED... FRANCE
24 LIVE FEED... Mubarak Hangs Tough... VP Urges Protestors to Ignore Media, and Go Home... AL-JAZEERA
LIVE FEED... CIA
Panetta Confused: Said Strong likelihood Mubarak would 'step down tonight'... March
to palace being organized... REUTERS
LIVE... ElBaradei
warns Egypt will 'explode'.... Egypt's
govt on the brink.. FLASH
CRASH: APPLE stock loses $10 billion in four minutes... Jobs'
Health Rumor? Global
Stock Exchanges Headed for Major Consolidation... Kyl
becomes fifth senator to step aside... Fed
Governor Resigns; Bernanke Adviser Questioned Stimulus... NBC:
Intelligence officials 'scrambling to try to determine exactly what this all
means'... TRUMP
DRAWS CHEERS, BOOS AT CONSERVATIVE CONFERENCE... PONDERING
PRESIDENTIAL RUN... Donald
T_rump Would Impose 25% Tax on China Imports if President trump also said america’s become the
laughingstock of the world … true enough … and trump the biggest joke … Indeed,
that trump even posits the possibility of a run when he should be in jail is a
testament to just how big a laughingstock pervasively corrupt, defacto bankrupt
america’s become! [ If he was mobster
in chief, mobster and scoundrel trump wraps himself in populist american flag
and offers up an (too little too late – typical lightweight) implausible
solution to keep ‘the juice’ flowing though he’d already be in jail in a
rational, non-declining nation with meaningful laws. All China has to do is
dump (and not prospectively buy) their ever more and declining in value
day-by-day (from dollar debasement policies) u.s. paper / bonds and overnight
and the u.s. economy consequently
thereby collapse. [ When you come right down to it, this has been
america’s most significant export. Indeed, this irrevocable structural shift,
hailed by cia men hw bush and clinton (clinton couldn’t have survived with
them) by way of NAFTA as the greatest
thing since sliced bread was indeed in no uncertain terms condemned and
warned against by Perot, a man of honor who, unlike his opponents, could not be
bought, which is the reason, in pervasively corrupt america, he could never
have been elected. Interestingly, you may have noticed the good (but not great,
other than the spotlight on pervasive bribery including judges, police,
politicians, etc., being far too light) the film ‘The Untouchables’ getting a
wide re-airing of late, purporting to be a significant part of american
folklore / history / culture. However, the reality is that in america, and
certainly today, the real story with impact is that of ‘The Touchables’. The
reality is that Elliot Ness died a broken man; bankrupt, unable to even win
election to the mayoralty of his then current hometown. He was incorruptible;
and hence, in the real america, unelectable at the least if not also all but
unemployable (he and his are among those few genetic anomalies in america as
I’ve previously alluded to. How far america has fallen from even false
perception! Pervasively corrupt, meaningfully lawless america can’t even fake
it anymore. See, for example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal /
judicial processes, etc., Defacto bankrupt,
fraudulent america also spends more on offensive (defensive a misnomer /
propaganda) military spending than all the nations of the world combined, and
by a large margin at that. Do you see a pattern emerging here [ I unfortunately
only belatedly did, and the feds, fed employees, cia, all 3 branches of the
u.s. government, etc., are included in this evolved american trait of inherent
criminality in the most nefarious sense …
The pervasively corrupt american illegal system … corrupt u.s. courts /
(lawyers) / judges: Their lifetime plush appointments should be abolished,
which corrupt entities are unheard of in productive societies as China, Japan,
etc.. Time to abolish these drags on society and eliminate their lifetime
stipends and costly bureaucracies. Rules of law mean nothing to these typically
corrupt americans. Most, including sam alito of the u.s. supreme court,
concerning drug money laundering and obstruction of justice in the 3 rd circuit ( also
maryanne trump barry who covered-up drug money laundering through her brother’s
casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it for the money, personal money, big,
cash, untraceable money. The fog of war is great for such things (360 tons $100
bills flown into Iraq and missing, etc.).
[ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ].
america’s just a fraudulent and failed defacto bankrupt nation. ] “I would announce, without equivocation, a
25% tax increase on anything purchased from China.” ] CHENEY
HECKLED... 'DRAFTDOGER!' 'WHERE'S BIN LADEN?'
Kevin
Warsh to leave Federal Reserve Board (Washington Post) [ How ‘bout
gettin’ them all to leave … now that would sound like a … sound plan! Is
Ben Bernanke A Liar, A Lunatic Or Is He Just Completely And Totally
Incompetent? Infowars.com Did you see Ben Bernanke’s
testimony before the House Budget Committee on Wednesday? It was quite a show.
Bernanke seems to believe that if he just keeps on repeating the same mantras
over and over that somehow they will become true. ] The departure leaves the governing board almost entirely in
the hands of Obama appointees. Mubarak's
defiance puts U.S. on the defensive
(Washington Post) [ Kissinger
on Egypt unrest (2-01-11) – “This is only the first scene of the first act of a
drama that is to be played out” - And what scene
of what act are we in now sweet hank, pray tell. Indeed, after kissinger’s
ingratiating comments of the wobama administration’s ‘proper’ handling of the
crisis thus far (drummin’ up potential new ‘business’ for doin’ who knows what
if anything at all) … his ‘consulting business’ must be … off … considerably!
] House
Republicans divided on spending cuts (Washington Post) [ Holy smokes! … $100 billion … Davis ‘… This
is how we pay off our current debts and I think bondholders are simply happy to
get anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE OF CARDS IS
TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ ] ] ] An already wobbly
week for House Republicans turns chaotic as their unruly new majority flatly
rejects a spending plan crafted by House leaders, saying its cuts fell far short
of fulfilling a campaign pledge to slice $100 billion from federal programs. Mubarak's
iron rule Robinson: Crumbling but not gently (Washington Post) [ True enough … that crumbling
but not gently thing … sounds very ‘americana’ … Spreading
unrest raises pressure on Mubarak (Washington Post) An array of new developments turned against President
Hosni Mubarak on Wednesday as Egypt moved closer to a full rupture between its
autocratic government and a growing popular rebellion. [ Do not talk about ruptures in the presence
of Pharhosni Mubarak he chides the Washington Post! After all, at 82 years old
and 30 years in power, hernias are known to quite easily happen… Previous: Free
elections still distant prospect for Egypt Activists
express doubts about feasibility of September ballot (Washington
Post) ["I'm shocked by what the Americans say - that Mubarak must stay as
president so we can prepare for new elections,'' said Negad El Borai, a human
rights advocate and lawyer in Cairo. "Mubarak must leave, and then we can
talk." … Truth be told, I’m not shocked. Indeed, though this is only
marginally what america / israel wanted, this will stick to america / israel
like glue; that proverbial albatross; that lose, lose scenario for america in
the region. Previous: Egypt protests continue as Mubarak's
government offers concessions (Washington Post) [ Come on! Let not all of us join america’s / israel’s,
et als, and mubarak’s delusions. After
all, here’s an 82 year old tyrant, in power for 30 years, yet in some parallel
universe appears to think he’s calling the shots. Other than literal and quite
foolish shots against protesters, even journalists, see infra, there are few
indeed that would trust his mindset, such as it is, much less his judgment, so
flawed as he has now shown it to be. What is obvious is that this long overdue
‘people’s election’ cannot be thwarted by platitudes and small talk, but
resisting the inevitable will turn an american quasi-ally into an anti-american
breeding ground because there’s just no reconciling a pro-mubarak, however
slight, position with american / israeli, et als war crimes in the region. Restless
Cairo protesters hoping for U.S. support (Washington Post) [ The sad reality here is, much like
wobama’s Afghanistan fiasco, that america has ‘bought it’. This is truly yet
another ‘loss, loss’ scenario as is true of america’s mideast policy generally.
Defacto bankrupt america’s initiatives in the region particularly, though
generally true of all american policy, is the ‘square pegs in round holes’
approach to almost everything they do, which certainly is not lost on the rest
of the world. Coddling and caving in to israeli / neocon / zionist paranoia
despite the war mongering intransigence of the former is devastating to a
nation as pervasively corrupt america which is facing insurmountable domestic
problems of its own, economically, financially, politically, and
geo-politically. This should bring to mind the missteps of a former fading
empire in this same region desperately trying to remain relevant. Indeed, from
Balfour’s Despoliation to arbitrary boundaries, etc., Orwellian britain’s
demise (decline) as a real player globally was, as america’s currently,
significantly and irrevocably hastened. Quite simply, pervasively corrupt,
defacto bankrupt america will increasingly be viewed as a bunch of ‘muck-ups’ who can’t handle their own substantial
problems much less those of other nations; and in fact, invariably exacerbate
existing conditions / problems, particularly when pandering to israel’s
self-interested concerns. ] While the ouster of President Hosni Mubarak remains
the most pressing concern for protesters, the role of U.S. is far from absent
in the dialogue. { Previous: Amid Arab protests, U.S. influence has waned (Washington Post) [ And that’s just the way israel likes
it … and to america’s detriment, of course … which is not lost on even George
Soros … Drudgereport: Soros: 'The main stumbling
block is Israel'... ….. Egyptian
protesters plan new push Government
detains foreigners, says it's willing to open talks (Washington
Post) [ Open talks? ‘bout what? Building a pyramid in mubarak’s honor before
stepping down? He’s done … finito … burnt as an over-micro-waved burrito! The
following from the Post is indeed the straw that broke the riders with whips he
sent on camels’ and horses’ backs!
‘Wants to die in Egypt? How touching, or the reality, he’s just plain
touched as in totally ‘out of it’.
‘…In what the U.S. State Department called a "concerted campaign to
intimidate," several dozen journalists were rounded up by security forces
and detained for hours, along with foreigners working as teachers, engineers
and human rights researchers. Across the city, angry bands of supporters of
President Hosni Mubarak also beat journalists; several reporters said that they
were threatened with death…’ ] Cairo seeks to shift blame for clashes by
rounding up journalists; U.S. worries renewed protests could spark more
violence from Mubarak supporters. Demonstrations
in Egypt take bloody turn In
Cairo square, Mubarak backers confront anti-government crowds (Washington
Post) [ Not too difficult for desperate
and done mubarak to contrive: Mubarak
Says Egyptians Have to Choose Between “Chaos” and Him … Then Sends In His Thugs
to Stir Up Chaos (Infowars.com) In order to justify staying in
power until elections are held in September, President Mubarak said on tv that
the people had to choose between him and “chaos”. ] The coordinated nature
of day's events suggested that Mubarak's supporters were determined to show, as
he had warned, that the country faced a "choice between chaos and
stability." [ Previous:
Mubarak's
pledge seen as not enough Egyptian
president plans to stay in office to transfer power (Washington
Post) [ Let me put it another way: Mubarak is as done as an over-cooked tamale
… He seems to be stalling for time and even in his age impaired mind certainly
knows his position is untenable, unsustainable, and even more irrational as
each second passes. There is a possibility that he’s using same to move money /
treasure for himself and others, literally as well, buying time. See infra
… Previous: Mubarak
seeks dialogue, shows no sign of relenting Demonstrators
call for massive protest but lack leadership (Washington Post)
[ He relented when he resorted to media / internet blackout. Indeed, this lack
of sign thing is a testament to how far from reality 30 years has taken him,
not to mention the other 52 years that have taken their toll on his cognitive
processes. Whether it is plaques ‘on the brain’ or outright senility, that he
is so disengaged from the events unfolding around him, one may only wonder how
he lasted this long. Nor did his choice of cia standin / shill, new VP Suleiman
enhance his now untenable position which leaves him as ‘done as a burnt
enchilada’. Kissinger
on Egypt unrest – “This is only the first scene of the first act of a drama
that is to be played out” [ The import of this so-called
interview, and it is here that I part company with alex jones, et als (who by
the way, censored me for this very thesis, which puts him and his at the top of
my hypocrite list), is that the so-called elite have orchestrated these events
and ‘are in control’. First, there are no elites in this world; you can’t derive
elites from apes, notochordates, and initially single celled organisms. Second,
almost by definition and certainly by history, there are no elites in america
even if you were to accept the first proposition (though true) as untrue. What
you do have, in this world and america particularly (with few exceptions as
I’ve discussed elsewhere / comments / my website), are inherent criminals and
mentally ill people of varying degrees of unscrupulousness and insanity who do
commit crimes, both small and large, to further their interests or fortunes
(sociopaths / psychopaths). The ’so-called alpha-dogs’ of the human species at
most, but still incompetent vegetables who, if you look at anything they touch
(to use a term term of such incompetent vegetables as historically pertains to
their role in the mideast – and generally the state of the world) it invariably
goes ‘pear shaped’ (english term). What hasn’t zionist kissinger not messed up
as appointee or ‘consultant’ – what does he get paid for? No! The fact is, they
have absolutely no idea how this unfolds and as with most of their lives, they
will predictably choose the most sordid, despicable, and diabolical course at
every turn because … that is their inherently criminal, mentally ill / unstable
nature to do so. ] ] Fragile steps to end crisis seen
as plans take shape for a transition process that would allow Mubarak to remain
as a figure head until new elections. ] After decades of repression, democracy
advocates say it could take many months -- if not years -- to lay groundwork
for open and credible elections. ]
Mubarak
cedes some authority but refuses to quit In
latest bid to quell protests, president transfers powers to VP (Washington Post) [Wow! ‘Earlier Thursday,
CIA Director Leon
Panetta told Congress that "there is a strong likelihood that Mubarak may
step down this evening."…’ Talk about being out of the loop and stuck with
‘foot-in-mouth’ … not that you’d expect more from the CIA … CIA's
dilemma in Egypt (Washington Post)
[ Come on! How does anyone take these ‘muck-ups’ seriously … As a
purported journalist, Mr. Ignatius should know better. What distracts the
agency is self-interest and greed … yes, greed for themselves, theirs, and a
raison d’etre that assures their continued funding (oh how they miss the cold
war, hot ones will have to do) on top of their private so-called ‘black ops’.
They’re wrong or absent without leave (awol) on major events purportedly within
their bailiwick; ie., mideast, israel, ‘wmd’s in Iraq’, 9-11, Egypt, etc.; and,
as well, are fallacious in their policy direction, directives, etc.. I mean,
beyond their nefarious undertakings, they look more and more like Maxwell
Smarts (‘Get Smart’) minus ‘99’ every day. Expanded
Free Trade: Exporting Jobs [ When you come right down to it, this has been
america’s most significant export. Indeed, this irrevocable structural shift,
hailed by cia men hw bush and clinton (clinton couldn’t have survived without
them) by way of NAFTA as the greatest
thing since sliced bread was indeed in no uncertain terms condemned and
warned against by Perot, a man of honor who, unlike his opponents, could not be
bought, which is the reason, in pervasively corrupt america, he could never
have been elected. Interestingly, you may have noticed the good (but not great,
other than the spotlight on pervasive bribery including judges, police,
politicians, etc., being far too light) the film ‘The Untouchables’ getting a
wide re-airing of late, purporting to be a significant part of american
folklore / history / culture. However, the reality is that in america, and
certainly today, the real story with impact is that of ‘The Touchables’. The
reality is that Elliot Ness died a broken man; bankrupt, unable to even win
election to the mayoralty of his then current hometown. He was incorruptible;
and hence, in the real america, unelectable at the least if not also all but
unemployable (he and his are among those few genetic anomalies in america as
I’ve previously alluded to. How far america has fallen from even false
perception! Pervasively corrupt, meaningfully lawless america can’t even fake
it anymore. At CIA, mistakes by officers are often
overlooked (Washington Post) [ Duuuh! I want to know of even one
thing that’s not overlooked concerning those incompetent mental cases at the
cia; from assassinations, to illegal drug dealing, to illegal arms sales, to
corruption, to disinformation, etc., to america’s and the world’s (ie., those
WMD’s in Iraq, etc.) substantial detriment. See, for example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal /
judicial processes, etc., Defacto bankrupt,
fraudulent america also spends more on offensive (defensive a misnomer /
propaganda) military spending than all the nations of the world combined, and
by a large margin at that. Do you see a pattern emerging here [ I unfortunately
only belatedly did, and the feds, fed employees, cia, all 3 branches of the
u.s. government, etc., are included in this evolved american trait of inherent
criminality in the most nefarious sense ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ]:
CRIME STATISTICS > TOTAL CRIMES (MOST RECENT) BY COUNTRY SHOWING LATEST
AVAILABLE DATA (america’s No. 1). … The following youtube video is well worth the look and explains how and
why the frauds on wall street have gotten away with their devastating fraud
thus far. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE
FED PROBE IN BLACK PANTHER CASE... ex-Justice official quit over the handling of a voter
intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Obama broke
promises ): ‘The Obama Deception’
Censored ‘The Obama Deception’ has been
censored In light of
this development, I provide an archived site version which appears to be
complete (but will be compared with earlier version and replaced with same if
incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv
Then there is the well researched, produced,
and informative ‘ESOTERIC AGENDA’ which explains how we’ve gotten to this
forlorn point: http://video.google.com/videoplay?docid=-7052400717834950257# ]
] Ignatius: Its fight against al-Qaeda has distracted the agency. ] Egyptian leader's defiance stuns and angers hundreds of thousands in
Cairo who respond with chants of "revolution, revolution."
Cisco Slump, Mubarak Saga Keep Lid On Stocks [ But guess what? The fraudulent
wall street rally point … ‘news that Egyptian President Hosni Mubarak would
step down’ … never happened! ]
‘Disappointing earnings projections from Cisco and PepsiCo pressured Wall Street Friday
morning , but news that Egyptian President Hosni Mubarak
would step down buoyed markets by midday and the major indexes essentially flat
by the closing bell.The Nasdaq actually ticked positive to gain 1 point to
2,790, despite Wednesday’s troubling report from Cisco that included a decline
in gross margins along with its better than expected earnings and revenue. (See
“Cisco:
Prelude To Profits, Or Layoffs.” )Cisco’s shares
slumped 14.2%, but the rest of the tech sector as fairly resilient. Apple was also in the news, after a sudden
plunge in the 1 p.m. hour on little news before recovering to finish with a 1%
decline. (See “Did
Someone Have A Fat Finger On Apple Today?” )Egypt jumped
back into the headlines shortly after the open, with speculation that President
Hosni Mubarak would resign. In a speech that began just before the U.S. markets
closed, Mubarak stopped short of confirming his departure, but did say he would
transfer some of his presidential powers to Vice President Omar Suleiman until
a September election.It was a tough day for companies who rang the closing
bells at NYSE and Nasdaq, since all eyes were on Mubarak’s speech that ran past
the end of trading. The S&P 500 added 1 point to 1,322, while the Dow Jones
industrial average broke its eight-day winning streak with an 11-point decline
to 12,229.Aside from Cisco, a weaker-than-anticipated forecast from PepsiCo
also pressured stocks, overshadowing any enthusiasm for the latest snapshot of
the job market. New jobless claims fell to their lowest level since July 2008
last week, according to the Labor Department, dropping to 383,000. The
four-week moving average was down to 415,500.’
Initial
Jobless Claims Drop to 383,000 [ Come on! Who believes anything they
say / report! ]
Minimum
5% Correction Begins Cooper ‘Minyanville Editor's Note: The following is a
free edition of Jeff
Cooper's Daily Market Report …..Is it getting better?Or do you feel
the same? One (U2) - Carl Jung
Cisco Slump, Mubarak Saga Keep Lid On Stocks [ But guess what? The fraudulent
wall street rally point … ‘news that Egyptian President Hosni Mubarak would
step down’ … never happened! ]
‘Disappointing earnings projections from Cisco and PepsiCo pressured Wall Street Friday
morning , but news that Egyptian President Hosni Mubarak
would step down buoyed markets by midday and the major indexes essentially flat
by the closing bell.The Nasdaq actually ticked positive to gain 1 point to
2,790, despite Wednesday’s troubling report from Cisco that included a decline
in gross margins along with its better than expected earnings and revenue. (See
“Cisco:
Prelude To Profits, Or Layoffs.” )Cisco’s shares
slumped 14.2%, but the rest of the tech sector as fairly resilient. Apple was also in the news, after a sudden
plunge in the 1 p.m. hour on little news before recovering to finish with a 1%
decline. (See “Did
Someone Have A Fat Finger On Apple Today?” )Egypt jumped
back into the headlines shortly after the open, with speculation that President
Hosni Mubarak would resign. In a speech that began just before the U.S. markets
closed, Mubarak stopped short of confirming his departure, but did say he would
transfer some of his presidential powers to Vice President Omar Suleiman until
a September election.It was a tough day for companies who rang the closing
bells at NYSE and Nasdaq, since all eyes were on Mubarak’s speech that ran past
the end of trading. The S&P 500 added 1 point to 1,322, while the Dow Jones
industrial average broke its eight-day winning streak with an 11-point decline
to 12,229.Aside from Cisco, a weaker-than-anticipated forecast from PepsiCo
also pressured stocks, overshadowing any enthusiasm for the latest snapshot of
the job market. New jobless claims fell to their lowest level since July 2008
last week, according to the Labor Department, dropping to 383,000. The
four-week moving average was down to 415,500.’
Initial
Jobless Claims Drop to 383,000 [ Come on! Who believes anything they
say / report! ]
Minimum
5% Correction Begins Cooper ‘Minyanville Editor's Note: The following is a
free edition of Jeff
Cooper's Daily Market Report …..Is it getting better?Or do you feel
the same? One (U2) - Carl Jung
Donald
T_rump Would Impose 25% Tax on China Imports if President [ If he was mobster in chief, mobster and
scoundrel trump wraps himself in populist american flag and offers up an (too
little too late – typical lightweight) implausible solution to keep ‘the juice’
flowing though he’d already be in jail in a rational, non-declining nation with
meaningful laws. All China has to do is dump (and not prospectively buy) their
ever more and declining in value day-by-day (from dollar debasement policies)
u.s. paper / bonds and overnight and the u.s. economy consequently thereby collapse. [ When you come right down
to it, this has been america’s most significant export. Indeed, this irrevocable
structural shift, hailed by cia men hw bush and clinton (clinton couldn’t have
survived with them) by way of NAFTA as the greatest thing since sliced bread was indeed in no uncertain terms
condemned and warned against by Perot, a man of honor who, unlike his
opponents, could not be bought, which is the reason, in pervasively corrupt
america, he could never have been elected. Interestingly, you may have noticed
the good (but not great, other than the spotlight on pervasive bribery
including judges, police, politicians, etc., being far too light) the film ‘The
Untouchables’ getting a wide re-airing of late, purporting to be a significant
part of american folklore / history / culture. However, the reality is that in
america, and certainly today, the real story with impact is that of ‘The
Touchables’. The reality is that Elliot Ness died a broken man; bankrupt,
unable to even win election to the mayoralty of his then current hometown. He
was incorruptible; and hence, in the real america, unelectable at the least if
not also all but unemployable (he and his are among those few genetic anomalies
in america as I’ve previously alluded to. How far america has fallen from even
false perception! Pervasively corrupt, meaningfully lawless america can’t even
fake it anymore. See, for example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal /
judicial processes, etc., Defacto bankrupt,
fraudulent america also spends more on offensive (defensive a misnomer /
propaganda) military spending than all the nations of the world combined, and
by a large margin at that. Do you see a pattern emerging here [ I unfortunately
only belatedly did, and the feds, fed employees, cia, all 3 branches of the
u.s. government, etc., are included in this evolved american trait of inherent
criminality in the most nefarious sense …
The pervasively corrupt american illegal system … corrupt u.s. courts /
(lawyers) / judges: Their lifetime plush appointments should be abolished,
which corrupt entities are unheard of in productive societies as China, Japan,
etc.. Time to abolish these drags on society and eliminate their lifetime
stipends and costly bureaucracies. Rules of law mean nothing to these typically
corrupt americans. Most, including sam alito of the u.s. supreme court,
concerning drug money laundering and obstruction of justice in the 3 rd circuit ( also
maryanne trump barry who covered-up drug money laundering through her brother’s
casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it for the money, personal money, big,
cash, untraceable money. The fog of war is great for such things (360 tons $100
bills flown into Iraq and missing, etc.).
[ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ].
america’s just a fraudulent and failed defacto bankrupt nation. ]:
CRIME STATISTICS > TOTAL CRIMES (MOST RECENT) BY COUNTRY SHOWING LATEST
AVAILABLE DATA (america’s No. 1). … The following youtube video is well worth the look and explains how and
why the frauds on wall street have gotten away with their devastating fraud
thus far. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE
FED PROBE IN BLACK PANTHER CASE... ex-Justice official quit over the handling of a voter
intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Obama broke
promises ): ‘The Obama Deception’
Censored ‘The Obama Deception’ has been
censored In light of
this development, I provide an archived site version which appears to be
complete (but will be compared with earlier version and replaced with same if
incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv
Then there is the well researched, produced,
and informative ‘ESOTERIC AGENDA’ which explains how we’ve gotten to this
forlorn point: http://video.google.com/videoplay?docid=-7052400717834950257# ] ] “I would announce, without equivocation, a 25% tax
increase on anything purchased from China.”
Sallai Meridor: Israel's
fear (Washington Post) [
Come on! Wake up! Illegal nuke totin’, war crimes nation israel’s fears … p l e
a s e, spare me the pro-israeli b*** s*** ! What israel fears is a projection
of their own ill-founded motives and actions for which all norms, rules, laws
governing civilized behavior are suspended for expedience at the least, and
blood-thirst that some posit as a remnant of their historic role as
Christ-killers (with roman ‘juice’).
Isn’t it time, in these desperate times for america, to put america’s,
not israel’s interests, first. Who
cares what israel fears … In 1948, U.S.
Secretary of Defense James Forrestal, an opponent of the creation of a Jewish
state in Palestine, warned that, even though failure to go along with the
Zionists might cost President Truman the states of New York, Pennsylvania, and
California, it was about time that somebody should pay some consideration to
whether we might not lose the United States….. Mr. Forrestal was absolutely
correct! Isn’t that exactly what’s happened to defacto bankrupt america in
intractable decline. TIME TO REVOKE AND NULLIFY THE BALFOUR DECLARATION AND
ABROGATE THE CREATION OF THE NATION STATE OF ISRAEL IN THE INTERESTS OF
FAIRNESS, JUSTICE, PEACE AND PROSPECTIVE PROSPERITY FOR THIS WORLD! Israel wary of transition in Egypt, concerned
about regional stability (Washington Post) [ Who cares what the paranoid, war criminal, illegal nuke
totin’, war criminal israelis are wary of. This country has gone down the tubes
cow-towing to the paranoid, self-interested concerns of the psycho /
sociopathic zionist israelis who are forever projecting their own pathological
motives to every turn of history while ignoring their own culpability in
producing the very outcomes they purportedly seek to avoid. War, conflict,
greed, bloodshed is the historically based israeli way. ] A
resurgent Syria alarms u.s., israel (Washington Post) [ Tell me! What
doesn’t alarm these two paranoid, zionist neo-nazi regimes of oppression,
suppression, aggression, and regression. If they were individuals, they’d undoubtedly
be diagnosed as psychopaths, sociopaths totally ignorant of the rights of
others, laws, civilized behavior as israel pads her illegal nuke arsenals with
american supplied weaponry / support while expecting all other nations to ‘role
over and die’. Bipolar / manic / depressive, the ups and downs are increasingly
difficult for even americans to follow. Obssessive / compulsive thy names are
zionist israel / america. Projection / displacement regarding their own illegal
acts, war crimes, etc.; what they distinguished from what they do …
dissociative identity disorder, dissociative fugue? Yes … the u.s. and israel
are the world’s lunatics, sorely in need of therapy! ] Syria's fresh interference in Lebanon and
its increasingly sophisticated weapons shipments to Hezbollah have alarm
officials and prompt Israel's military to consider striking a Syrian weapons
depot. Spreading
unrest raises pressure on Mubarak (Washington Post) An array of new developments turned against President
Hosni Mubarak on Wednesday as Egypt moved closer to a full rupture between its
autocratic government and a growing popular rebellion. [ Do not talk about ruptures in the presence
of Pharhosni Mubarak he chides the Washington Post! After all, at 82 years old
and 30 years in power, hernias are known to quite easily happen… Previous: Free
elections still distant prospect for Egypt Activists
express doubts about feasibility of September ballot (Washington Post)
["I'm shocked by what the Americans say - that Mubarak must stay as
president so we can prepare for new elections,'' said Negad El Borai, a human
rights advocate and lawyer in Cairo. "Mubarak must leave, and then we can
talk." … Truth be told, I’m not shocked. Indeed, though this is only
marginally what america / israel wanted, this will stick to america / israel
like glue; that proverbial albatross; that lose, lose scenario for america in
the region. Previous: Egypt protests continue as Mubarak's
government offers concessions (Washington Post) [ Come on! Let not all of us join america’s / israel’s,
et als, and mubarak’s delusions. After
all, here’s an 82 year old tyrant, in power for 30 years, yet in some parallel
universe appears to think he’s calling the shots. Other than literal and quite
foolish shots against protesters, even journalists, see infra, there are few
indeed that would trust his mindset, such as it is, much less his judgment, so
flawed as he has now shown it to be. What is obvious is that this long overdue
‘people’s election’ cannot be thwarted by platitudes and small talk, but
resisting the inevitable will turn an american quasi-ally into an anti-american
breeding ground because there’s just no reconciling a pro-mubarak, however
slight, position with american / israeli, et als war crimes in the region. Restless
Cairo protesters hoping for U.S. support (Washington Post) [ The sad reality here is, much like
wobama’s Afghanistan fiasco, that america has ‘bought it’. This is truly yet
another ‘loss, loss’ scenario as is true of america’s mideast policy generally.
Defacto bankrupt america’s initiatives in the region particularly, though
generally true of all american policy, is the ‘square pegs in round holes’
approach to almost everything they do, which certainly is not lost on the rest
of the world. Coddling and caving in to israeli / neocon / zionist paranoia
despite the war mongering intransigence of the former is devastating to a
nation as pervasively corrupt america which is facing insurmountable domestic
problems of its own, economically, financially, politically, and
geo-politically. This should bring to mind the missteps of a former fading
empire in this same region desperately trying to remain relevant. Indeed, from
Balfour’s Despoliation to arbitrary boundaries, etc., Orwellian britain’s
demise (decline) as a real player globally was, as america’s currently,
significantly and irrevocably hastened. Quite simply, pervasively corrupt,
defacto bankrupt america will increasingly be viewed as a bunch of ‘muck-ups’ who can’t handle their own
substantial problems much less those of other nations; and in fact, invariably
exacerbate existing conditions / problems, particularly when pandering to
israel’s self-interested concerns. ] While the ouster of President Hosni
Mubarak remains the most pressing concern for protesters, the role of U.S. is
far from absent in the dialogue. { Previous:
Amid Arab protests, U.S. influence has waned (Washington Post) [ And that’s just the way israel likes
it … and to america’s detriment, of course … which is not lost on even George
Soros … Drudgereport: Soros: 'The main stumbling
block is Israel'... Egyptian
protesters plan new push Government
detains foreigners, says it's willing to open talks (Washington Post) [ Open talks? ‘bout what?
Building a pyramid in mubarak’s honor before stepping down? He’s done … finito
… burnt as an over-micro-waved burrito! The following from the Post is indeed
the straw that broke the riders with whips he sent on camels’ and horses’
backs! ‘Wants to die in Egypt? How
touching, or the reality, he’s just plain touched as in totally ‘out of
it’. ‘…In what the U.S. State
Department called a "concerted campaign to intimidate," several dozen
journalists were rounded up by security forces and detained for hours, along
with foreigners working as teachers, engineers and human rights researchers.
Across the city, angry bands of supporters of President Hosni Mubarak also beat
journalists; several reporters said that they were threatened with death…’ ]
Cairo seeks to shift blame for clashes by rounding up journalists; U.S.
worries renewed protests could spark more violence from Mubarak supporters. Demonstrations
in Egypt take bloody turn In
Cairo square, Mubarak backers confront anti-government crowds (Washington Post) [ Not too difficult for desperate and done
mubarak to contrive: Mubarak
Says Egyptians Have to Choose Between “Chaos” and Him … Then Sends In His Thugs
to Stir Up Chaos (Infowars.com) In
order to justify staying in power until elections are held in September,
President Mubarak said on tv that the people had to choose between him and
“chaos”. ] The coordinated nature of day's events suggested that Mubarak's
supporters were determined to show, as he had warned, that the country faced a
"choice between chaos and stability." [ Previous: Mubarak's
pledge seen as not enough Egyptian
president plans to stay in office to transfer power (Washington Post) [ Let me put it another
way: Mubarak is as done as an over-cooked tamale … He seems to be stalling for
time and even in his age impaired mind certainly knows his position is
untenable, unsustainable, and even more irrational as each second passes. There
is a possibility that he’s using same to move money / treasure for himself and
others, literally as well, buying time. See infra … Previous: Mubarak
seeks dialogue, shows no sign of relenting
Demonstrators
call for massive protest but lack leadership (Washington Post) [ He relented when he
resorted to media / internet blackout. Indeed, this lack of sign thing is a
testament to how far from reality 30 years has taken him, not to mention the
other 52 years that have taken their toll on his cognitive processes. Whether
it is plaques ‘on the brain’ or outright senility, that he is so disengaged
from the events unfolding around him, one may only wonder how he lasted this
long. Nor did his choice of cia standin / shill, new VP Suleiman enhance his
now untenable position which leaves him as ‘done as a burnt enchilada’. Kissinger
on Egypt unrest – “This is only the first scene of the first act of a drama
that is to be played out” [ The import of this so-called interview, and it is here that I
part company with alex jones, et als (who by the way, censored me for this very
thesis, which puts him and his at the top of my hypocrite list), is that the
so-called elite have orchestrated these events and ‘are in control’. First,
there are no elites in this world; you can’t derive elites from apes,
notochordates, and initially single celled organisms. Second, almost by
definition and certainly by history, there are no elites in america even if you
were to accept the first proposition (though true) as untrue. What you do have,
in this world and america particularly (with few exceptions as I’ve discussed
elsewhere / comments / my website), are inherent criminals and mentally ill
people of varying degrees of unscrupulousness and insanity who do commit
crimes, both small and large, to further their interests or fortunes
(sociopaths / psychopaths). The ’so-called alpha-dogs’ of the human species at
most, but still incompetent vegetables who, if you look at anything they touch
(to use a term term of such incompetent vegetables as historically pertains to
their role in the mideast – and generally the state of the world) it invariably
goes ‘pear shaped’ (english term). What hasn’t zionist kissinger not messed up
as appointee or ‘consultant’ – what does he get paid for? No! The fact is, they
have absolutely no idea how this unfolds and as with most of their lives, they
will predictably choose the most sordid, despicable, and diabolical course at
every turn because … that is their inherently criminal, mentally ill / unstable
nature to do so. ]
] Fragile steps to end crisis seen
as plans take shape for a transition process that would allow Mubarak to remain
as a figure head until new elections.
} ]
] After decades of repression, democracy
advocates say it could take many months -- if not years -- to lay groundwork
for open and credible elections.
]
Congress
must raise debt ceiling, Bernanke warns (Washington Post) [ Riiiiight,
bunglo ben … this from the same ben who forecasted ‘no-recession’. The fact is,
‘helicopter ben shalom bernanke’ hasn’t the slightest idea what he’s doing and
is the ‘poster boy’, epitome of that incompetent ivy league vegetable who’s
long on rhetoric and cv but quite short on real results. The only thing that
has been true as per his stated intentions, is an inflated new wall street
bubble to and for the benefit of the wall street frauds. ‘Have printing press,
will travel’ … that soldier of his and their fortune is a man called
‘Palawallstreet’ aka ben shalom bernanke … which temporary obfuscation with
money that’s not really there in real terms means that beyond the temporary
look good/feel good, disaster straight ahead. Bernanke's Worst Nightmare Is This Man's Boxes: Caroline Baum BusinessWeek Feb. 10 (Bloomberg) -- Ben Bernanke arrived at his office a week
ago and came face to face with his worst nightmare. Staring out at the Federal
Reserve chairman from page C1 of the Feb. 3 edition of the Wall Street Journal
was a photo ... The Associated Press Video: Republicans
Grill Bernanke Over Inflation, Debt Paul calls Fed's Bernanke "cocky" in House hearing Reuters
[ Yeah … Come on! … The incompetent ‘no-recession helicopter ben’ has
nothing whatsoever to be cocky about; he’s clueless as to what to do; satisfied
to be helping the frauds on wall street; but in the end, this will end … quite
badly! ] Drudgereport: White House to Slash Heating
Program for Poor…but still no pros of massive frauds on wall street which fines
and disgorgement of would yield huge amounts to cover spending... Howard Davidowitz on the Economy:
"Here Are the Numbers ... WE'RE BROKE!" 11-25-10
‘The
U.S. economy "is a complete disaster," Howard Davidowitz declared here in July, the most recent in a string of dire predictions from Tech Ticker's most entertaining
guest.On the eve of Thanksgiving, I asked Davidowitz if he had any regrets, or
was ready to throw in the towel given recent signs of economic revival. Are you kidding me? "Here are the numbers...we're
broke," Davidowitz declares, noting the U.S. government goes $5 billion
deeper into debt every day and is facing $1 trillion-plus annual deficits for
the next decade. "In other words, we're bankrupt."As with the
economy, Davidowitz is unwaveringly consistent in his views on President Obama,
calling him "deranged, dysfunctional and discredited."Results of the
midterm election show "the people of this country think we are in a
catastrophe," he says. "I'm with them."Check the accompanying
video for more of Howard's unfettered opinions and stay tuned for additional clips from this interview. And...Happy
Thanksgiving! Aaron
Task is the host of Tech Ticker. You can follow him on Twitter at @atask [email protected] Timid
Tuesday: Is it Safe? Davis ‘… This is how we pay off our current debts and I think
bondholders are simply happy to get anything out of a country that admits it
owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn (entire global
GDP) in the form of unfunded liabilities. The funniest thing about this (and
you have to laugh) is to see Conservative pundits get on TV and talk about how
we need to cut $100Bn worth of discretionary spending to "fix" this
(while continuing to spend $1Tn on the military and $1Tn on tax cuts for the
top 1% each year). There is no fixing this and even a Republican said you can’t
fool all of the people all of the time. THIS
HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ ] ] Fed chairman offers dire warnings about the damage Congress
could wreak if it refrains from raising the government's debt limit this
spring. Rep.
Lee (R-N.Y.) resigns after Craigslist incident (Washington Post) [ I am truly astounded;
and, I say that without even a tinge of sarcasm. Where is the corpus dilicti
here. That he is a fool and somewhat a dummy, if such is the standard for
resignation, then all of capital hill should be tendering their resignations en
masse. After all, aside from the inherent conflict, and particularly in light
of a financial / fiscal / economic disaster in large part of their own making
and compounding by failing to prosecute the perps and instead accommodate their
crimes, ie., FASB rule change, etc., does not the consistent though undeserved
raises they give themselves constitute of sorts a defalcation of duty,
responsibility, and trust. Unlike congress, indeed all the pervasively corrupt
and incompetent branches of u.s. government in their day-to-day activities /
course of business, though tasteless, sleazy, etc., this so-called incident is
without a corpus dilicti. It kind of reminds me of that scene in ‘Road to
Perdition’ when mob kingpin Newman responds (in a somewhat incredulous, come
on, who you kidding way) to former footsoldier Hanks by reminding him that
they’re all murderers (in the room-including Hanks).] Move came after a Web site reported that the married congressman
had e-mailed a shirtless image of himself to a woman he met online.
CIA's
dilemma in Egypt (Washington Post)
[ Come on! How does anyone take these ‘muck-ups’ seriously … As a
purported journalist, Mr. Ignatius should know better. What distracts the
agency is self-interest and greed … yes, greed for themselves, theirs, and a
raison d’etre that assures their continued funding (oh how they miss the cold
war, hot ones will have to do) on top of their private so-called ‘black ops’.
They’re wrong or absent without leave (awol) on major events purportedly within
their bailiwick; ie., mideast, israel, ‘wmd’s in Iraq’, 9-11, Egypt, etc.; and,
as well, are fallacious in their policy direction, directives, etc.. I mean,
beyond their nefarious undertakings, they look more and more like Maxwell
Smarts (‘Get Smart’) minus ‘99’ every day. Expanded
Free Trade: Exporting Jobs [ When you come right down to it, this has been
america’s most significant export. Indeed, this irrevocable structural shift,
hailed by cia men hw bush and clinton (clinton couldn’t have survived without
them) by way of NAFTA as the greatest
thing since sliced bread was indeed in no uncertain terms condemned and
warned against by Perot, a man of honor who, unlike his opponents, could not be
bought, which is the reason, in pervasively corrupt america, he could never
have been elected. Interestingly, you may have noticed the good (but not great,
other than the spotlight on pervasive bribery including judges, police,
politicians, etc., being far too light) the film ‘The Untouchables’ getting a
wide re-airing of late, purporting to be a significant part of american
folklore / history / culture. However, the reality is that in america, and
certainly today, the real story with impact is that of ‘The Touchables’. The
reality is that Elliot Ness died a broken man; bankrupt, unable to even win
election to the mayoralty of his then current hometown. He was incorruptible;
and hence, in the real america, unelectable at the least if not also all but
unemployable (he and his are among those few genetic anomalies in america as
I’ve previously alluded to. How far america has fallen from even false
perception! Pervasively corrupt, meaningfully lawless america can’t even fake
it anymore. At CIA, mistakes by officers are often
overlooked (Washington Post) [ Duuuh! I want to know of even one
thing that’s not overlooked concerning those incompetent mental cases at the
cia; from assassinations, to illegal drug dealing, to illegal arms sales, to
corruption, to disinformation, etc., to america’s and the world’s (ie., those
WMD’s in Iraq, etc.) substantial detriment. See, for example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal /
judicial processes, etc., Defacto bankrupt,
fraudulent america also spends more on offensive (defensive a misnomer /
propaganda) military spending than all the nations of the world combined, and
by a large margin at that. Do you see a pattern emerging here [ I unfortunately
only belatedly did, and the feds, fed employees, cia, all 3 branches of the
u.s. government, etc., are included in this evolved american trait of inherent
criminality in the most nefarious sense ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ]:
CRIME STATISTICS > TOTAL CRIMES (MOST RECENT) BY COUNTRY SHOWING LATEST
AVAILABLE DATA (america’s No. 1). … The following youtube video is well worth the look and explains how and
why the frauds on wall street have gotten away with their devastating fraud
thus far. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE
FED PROBE IN BLACK PANTHER CASE... ex-Justice official quit over the handling of a voter
intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Obama broke
promises ): ‘The Obama Deception’
Censored ‘The Obama Deception’ has been
censored In light of
this development, I provide an archived site version which appears to be
complete (but will be compared with earlier version and replaced with same if
incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv
Then there is the well researched, produced,
and informative ‘ESOTERIC AGENDA’ which explains how we’ve gotten to this
forlorn point: http://video.google.com/videoplay?docid=-7052400717834950257# ]
] Ignatius: Its fight against al-Qaeda has distracted the agency.
Rumors Cause Some Selling: Dave's Daily [But more than a rumor, it is a
market top] ‘A rumor making the rounds, later denied, was hedge fund kingpin
Paul Tudor Jones was calling a market top. That caused a bout of selling which
naturally increased volume from those weak handed investors. Nevertheless,
PTJ's PR people stated: "Phooey" and that was that. There may also be
some nervousness over current and impending arrests for insider trading. The
bigger news is the divergence of emerging markets from previous "got to
own" status to just the opposite as some $10 billion has come out of
linked ETFs and markets are selling-off. With rumor denials confirmed meant a
sharp late day recovery rally seemed logical as dip buyers are still ever
present. The obligatory "buy program express" hit the tape late to
keep losses to a minimum while the clear market leader DJIA (window dressing for the tourists) eked-out a slight gain. The Fed had
tossed in another round of POMO and late in the day trading desks have to do "something" with it. Earnings continued to
roll-in with impressive results. Coke came in with solid earnings that met
expectations for example. Economic data was slim with more impressive stuff for
Thursday. Then there was the much discussed ("what does it mean"
news) that the German Bourse and NYSE will merge. The world gets smaller and perhaps more efficient while New
York and perhaps Chicago lose some prestige and business…’
Is
the Market Headed for a Sell-Off? Zaky [
Yes … I agree, except that fundamentally the longer term prospects are even
worse than his bearish outlook suggests (don’t forget the debasement of the
dollar, manipulation, and spending / printing money the nation doesn’t have in
real terms behind this manipulated uptick) and summarized as follows: ‘I
suspect that this rally is on its very last legs. We should see a very healthy
10% or so correction within the next 1-2 week period ... This market is headed
for a sell-off. ]
2011
Update: Another Lost Decade for Stocks - Are You Prepared? [ I agree that this is but a (manipulated)
bull cycle in a secular bear market with substantially worse to come! ]Kopas
‘In February 2010, we published an article on Seeking Alpha entitled “Another Lost Decade for Stocks - Are You Prepared? ,” wherein we
argued that the year 2000 marked a secular (long-term) peak for U.S. stocks. A
secular bear market is formed when a series of business cycles are linked
together, establishing an extended period of stock market under-performance.
Our objective here is to bring you up-to-date on the progress of this secular
bear market and help you prepare for the next ten years…’
Expanded
Free Trade: Exporting Jobs [ When you come right down to it, this has been
america’s most significant export. Indeed, this irrevocable structural shift,
hailed by cia men hw bush and clinton (clinton couldn’t have survived with
them) by way of NAFTA as the greatest
thing since sliced bread was indeed in no uncertain terms condemned and
warned against by Perot, a man of honor who, unlike his opponents, could not be
bought, which is the reason, in pervasively corrupt america, he could never
have been elected. Interestingly, you may have noticed the good (but not great,
other than the spotlight on pervasive bribery including judges, police,
politicians, etc., being far too light) the film ‘The Untouchables’ getting a
wide re-airing of late, purporting to be a significant part of american folklore
/ history / culture. However, the reality is that in america, and certainly
today, the real story with impact is that of ‘The Touchables’. The reality is
that Elliot Ness died a broken man; bankrupt, unable to even win election to
the mayoralty of his then current hometown. He was incorruptible; and hence, in
the real america, unelectable at the least if not also all but unemployable (he
and his are among those few genetic anomalies in america as I’ve previously
alluded to. How far america has fallen from even false perception! Pervasively
corrupt, meaningfully lawless america can’t even fake it anymore. See, for
example, http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal /
judicial processes, etc., Defacto bankrupt,
fraudulent america also spends more on offensive (defensive a misnomer /
propaganda) military spending than all the nations of the world combined, and
by a large margin at that. Do you see a pattern emerging here [ I unfortunately
only belatedly did, and the feds, fed employees, cia, all 3 branches of the
u.s. government, etc., are included in this evolved american trait of inherent
criminality in the most nefarious sense ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ]:
CRIME STATISTICS > TOTAL CRIMES (MOST RECENT) BY COUNTRY SHOWING LATEST
AVAILABLE DATA (america’s No. 1). … The following youtube video is well worth the look and explains how and
why the frauds on wall street have gotten away with their devastating fraud
thus far. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE
FED PROBE IN BLACK PANTHER CASE... ex-Justice official quit over the handling of a voter
intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Obama broke
promises ): ‘The Obama Deception’
Censored ‘The Obama Deception’ has been
censored In light of
this development, I provide an archived site version which appears to be
complete (but will be compared with earlier version and replaced with same if
incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv
Then there is the well researched, produced,
and informative ‘ESOTERIC AGENDA’ which explains how we’ve gotten to this
forlorn point: http://video.google.com/videoplay?docid=-7052400717834950257# ] Lounsbury ‘In January Steven Hansen observed that, through
November, the trade deficit for manufactured goods was the equivalent of 1.3
million workers earning the median manufacturing wage in the U.S. Well, the
trade deficit has been with us in a major way for nearly two decades. ..
Drudgereport: Oil
hits $101 again... Paul
Ryan confronts over Fed's purchases of debt... Soaring
debt pushes Portugal towards bailout... House GOP Targets Dozens of Gov't Programs... CUT,
CUT, CUT... White
House to Slash Heating Program for Poor…but still no pros of massive frauds on
wall street which fines and disgorgement of would yield huge amounts to cover
spending... Howard Davidowitz on the Economy:
"Here Are the Numbers ... WE'RE BROKE!" 11-25-10
‘The U.S. economy "is a complete
disaster," Howard Davidowitz declared here in July, the most recent in a string of dire predictions from Tech Ticker's most entertaining guest.On the eve of Thanksgiving, I
asked Davidowitz if he had any regrets, or was ready to throw in the towel
given recent signs of economic revival. Are you kidding me? "Here are the numbers...we're broke," Davidowitz declares,
noting the U.S. government goes $5 billion deeper into debt every day and is
facing $1 trillion-plus annual deficits for the next decade. "In other
words, we're bankrupt."As with the economy, Davidowitz is unwaveringly consistent in his views on President Obama, calling him "deranged,
dysfunctional and discredited."Results of the midterm election show
"the people of this country think we are in a catastrophe," he says.
"I'm with them."Check the accompanying video for more of Howard's
unfettered opinions and stay tuned for additional
clips from this interview. And...Happy
Thanksgiving! Aaron Task is the host of Tech Ticker.
You can follow him on Twitter at @atask [email protected] Timid
Tuesday: Is it Safe? Davis
‘… This is how we pay off our current debts and I think bondholders are
simply happy to get anything out of a country that admits it owes $15Tn (1/4 of
global GDP) but probably owes closer to $60Tn (entire global GDP) in the form
of unfunded liabilities. The funniest thing about this (and you have to laugh)
is to see Conservative pundits get on TV and talk about how we need to cut
$100Bn worth of discretionary spending to "fix" this (while continuing
to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE
CAREFUL OUT THERE! ‘ ]UNDERDOG:
CNN POLL: 51% SEE NO SECOND TERM FOR OBAMA... 71%
OF ALL VEGAS HOMEOWNERS UNDER WATER... 'New
normal' in housing bust... STRESS... Job
openings fall for second straight month... HOUSE
VOTES NEXT WEEK TO BLOCK OBAMACARE FUNDS WE'RE
ON 'ROAD TO RUIN'
UPDATE:
Egypt sees largest demos since start of revolt... NEW
WORLD TRADES... Global
Stock Exchanges Headed for Major Consolidation... D
Börse, NYSE in advanced talks... London
takes Canada... Exchange
chiefs seek new global powerhouses...
SAUDIS
TOLD OBAMA 'NOT TO HUMILIATE MUBARAK' Egyptian
capital teeters on anarchy Mubarak
asks cabinet to resign as anti-regime protests intensify
(Washington Post) [ Mubarak should have been looking in the mirror as he asked
his cabinet to resign … 30 years is a long time, and coincidentally, time for
him to go. In
Egypt: Access denied (Washington Post) [ The day part of the Internet died: Egypt goes dark [I disagree!
Part of the internet didn’t die, but rather the order to so darken the nation
heralded the demise, at 30 years and counting, of the so-called leadership in
the persona of Mubarak. Time for him to go! After all, he’s been in a position,
with Egypt among the only Mideast nations to have signed a peace treaty with
israel, to have stepped up with substantial credibility in taking a strong
position against israeli transgressions, violations of international law / u.n.
resolutions, war crimes, etc., which beyond soft-touch, he failed to do. And,
of all places, he sends his family to Orwellian england; he still loves those
colonial masters … how pathetic. I mean, 30 years … how free-flowing does
anyone think the election process is at this point … and one could ask the same
regarding the entrenched powers that be in pervasively corrupt, defacto
bankrupt america, to be fair. Then there’s saudi arabia; talk about do nothing
hypocrites. How does one family claim ownership of all the oil reserves of a
sovereign nation; I suspect only when foreign corporations say so. The only
Mideast nations showing backbone are Turkey, Lebanon, and Syria, and, of course
the perennially propaganda painted bad-boy Iran among possibly some of the
smaller emirates, ie., Qatar, etc., (I lack sufficient information regarding
these other nations). ] (AP)
Internet cutoff fails to silence Egypt protests (AP) - AP - In
its effort to silence protesters, Egypt took a step that's rare even among
authoritarian governments: It cut off the Internet across the entire
country. Mubarak fires Cabinet, defends army’s efforts Sat, 29 Jan 2011 00:20:58 GMT Egyptian
President Hosni Mubarak dismisses his Cabinet, calls on the army to help put
down rising potests... Egypt's Mubarak sends in army,
resists demands to quit (Reuters) ]
Embattled leader's move falls far short of demands that he give up his 30-year
authoritarian rule, leave the country and permit fresh elections. ]
Debt
relief for states proposed (Washington Post) [
I’ve heard of the ‘blind leading the blind’, but the ‘bankrupt borrowing
from the bankrupt’ seems to be a nouveau american phenomenon destined for
‘clichedom’. Previous: Governors
plan painful cuts amid budget crises (Washington Post) [ This truly is a disaster in the making, with
consequences even more dire than the grim outlook set forth by Meridith
Whitney, if that could even be fathomed. It’s really going to be all that
bad…see infra, The Economic Collapse, ‘#10 The municipal
bond crisis could go “supernova” at any time. Already, investors are
bailing out of bonds at a frightening pace. State and local government
debt is now sitting at an all-time high of 22
percent of U.S. GDP. According to Meredith Whitney, the municipal bond
crisis that we are facing is a gigantic threat to our financial system….
“It has tentacles as wide as anything I’ve seen. I think
next to housing this is the single most important issue in the United States
and certainly the largest threat to the U.S. economy.”
Former Los Angeles mayor Richard Riordan
is convinced that things are so bad that literally 90% of our states and cities
could go bankrupt over the next five years…. ‘
] Governors across the ideological spectrum are embracing the politics
of austerity in a desperate effort to balance the books. ] Proposal would ease financial burden on
many state governments in the wake of the recession. At CIA, mistakes by officers are often
overlooked (Washington Post) [ Duuuh! I want to know of even one
thing that’s not overlooked concerning those incompetent mental cases at the
cia; from assassinations, to illegal drug dealing, to illegal arms sales, to
corruption, to disinformation, etc., to america’s and the world’s (ie., those
WMD’s in Iraq, etc.) substantial detriment. See also, ie., http://albertpeia.com/CIAAgentAffidavit1.jpg http://albertpeia.com/FBIAgentAffidavit11.jpg , and of course, corrupt legal /
judicial processes, etc., Defacto bankrupt,
fraudulent america also spends more on offensive (defensive a misnomer /
propaganda) military spending than all the nations of the world combined, and
by a large margin at that. Do you see a pattern emerging here [ I unfortunately
only belatedly did, and the feds, fed employees, cia, all 3 branches of the
u.s. government, etc., are included in this evolved american trait of inherent
criminality in the most nefarious sense ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ]:
CRIME STATISTICS > TOTAL CRIMES (MOST RECENT) BY COUNTRY SHOWING LATEST
AVAILABLE DATA (america’s No. 1). … The following youtube video is well worth the look and explains how and
why the frauds on wall street have gotten away with their devastating fraud
thus far. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE
FED PROBE IN BLACK PANTHER CASE... ex-Justice official quit over the handling of a voter
intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Obama broke
promises ): ‘The Obama Deception’
Censored ‘The Obama Deception’ has been
censored In light of
this development, I provide an archived site version which appears to be
complete (but will be compared with earlier version and replaced with same if
incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv
Then there is the well researched, produced,
and informative ‘ESOTERIC AGENDA’ which explains how we’ve gotten to this
forlorn point: http://video.google.com/videoplay?docid=-7052400717834950257# ] Four
charged in 'brazen coverup' of insider trading (Washington Post) [
'The alleged conspirators "lacked a mobster's better-honed instinct
for conversational discretion," said Janice K. Fedarcyk, head of the FBI's
New York field office.'... Isn't that the truth; not like the big mobsters at
goldman sachs, et als, who were well connected with plenty of juice and whose
hard drives, conversations, etc., seemed never to make it to the crosshairs of
real scrutiny, though any such prosecution of even the small fries like these
wall street frauds should be welcomed, but with a sense of bewilderment as to
how the aforesaid biggest frauds have yet to be prosecuted for the largest
fraud in the history of this world with the consequences of their fraud 'now
marked to anything' as they cashed out(that legislated FASB rule change /
accommodation /complicity). ] Hedge fund manager allegedly tells
colleague: Go to the office and shred "as much as you can." Humility
on the Nile Will: Maybe America's finally realizing the limits of its influence abroad.
(Washington Post) [ I believe the power of Mr. Will’s article is twofold:
First, that humility thing for america and the concomitant limits of american
influence abroad. Like no other time in america’s short-lived history, america
has a lot to be humble about. Afterall, america is defacto bankrupt,
pervasively corrupt across all institutions whether they be governmental /
judicial / private, and literally crime-ridden with crime rates exceeding by
large margins those of other so-called civilized / tier one nations. Moreover,
much like america’s commander(s) in chief, wobama the b (for b*** s*** - and
war criminal bush), words are belied by actions / misdeeds. Indeed, the
propping up of corrupt / criminal / oppressive regimes and the war crimes
accompanying destruction and taking of innocent lives are facts lost on no one
in this age like never before of ubiquitously available information which
renders america’s once formidable propaganda machine now impotent in relative terms.Truth
/ reality works against america in every way. Second, and as important is that
former global dichotomy that Mr. Will references; viz., the cold war and
communism versus non-communism. No such simple lines now exist, nor can they be
drawn owing to america’s failure, corruption, and meaningful lawlessness on so
many levels and with such negative consequences. ] Free
elections still distant prospect for Egypt Activists
express doubts about feasibility of September ballot (Washington Post) ["I'm shocked by what
the Americans say - that Mubarak must stay as president so we can prepare for
new elections,'' said Negad El Borai, a human rights advocate and lawyer in
Cairo. "Mubarak must leave, and then we can talk." … Truth be told,
I’m not shocked. Indeed, though this is only marginally what america / israel
wanted, this will stick to america / israel like glue; that proverbial
albatross; that lose, lose scenario for america in the region. Previous: Egypt protests continue as Mubarak's
government offers concessions (Washington Post) [ Come on! Let not
all of us join america’s / israel’s, et als, and mubarak’s delusions. After all, here’s an 82 year old tyrant, in
power for 30 years, yet in some parallel universe appears to think he’s calling
the shots. Other than literal and quite foolish shots against protesters, even
journalists, see infra, there are few indeed that would trust his mindset, such
as it is, much less his judgment, so flawed as he has now shown it to be. What
is obvious is that this long overdue ‘people’s election’ cannot be thwarted by
platitudes and small talk, but resisting the inevitable will turn an american
quasi-ally into an anti-american breeding ground because there’s just no
reconciling a pro-mubarak, however slight, position with american / israeli, et
als war crimes in the region. Restless
Cairo protesters hoping for U.S. support (Washington
Post) [ The sad reality here is, much like wobama’s Afghanistan fiasco, that
america has ‘bought it’. This is truly yet another ‘loss, loss’ scenario as is
true of america’s mideast policy generally. Defacto bankrupt america’s
initiatives in the region particularly, though generally true of all american
policy, is the ‘square pegs in round holes’ approach to almost everything they
do, which certainly is not lost on the rest of the world. Coddling and caving
in to israeli / neocon / zionist paranoia despite the war mongering
intransigence of the former is devastating to a nation as pervasively corrupt
america which is facing insurmountable domestic problems of its own,
economically, financially, politically, and geo-politically. This should bring
to mind the missteps of a former fading empire in this same region desperately
trying to remain relevant. Indeed, from Balfour’s Despoliation to arbitrary
boundaries, etc., Orwellian britain’s demise (decline) as a real player
globally was, as america’s currently, significantly and irrevocably hastened.
Quite simply, pervasively corrupt, defacto bankrupt america will increasingly
be viewed as a bunch of ‘muck-ups’ who
can’t handle their own substantial problems much less those of other nations;
and in fact, invariably exacerbate existing conditions / problems, particularly
when pandering to israel’s self-interested concerns. ] While the ouster of
President Hosni Mubarak remains the most pressing concern for protesters, the
role of U.S. is far from absent in the dialogue. { Previous: Amid Arab protests, U.S. influence has waned (Washington
Post) [ And that’s just the way israel likes it … and to america’s detriment,
of course … which is not lost on even George Soros … Drudgereport: Soros:
'The main stumbling block is Israel'...
Egyptian
protesters plan new push Government
detains foreigners, says it's willing to open talks (Washington Post) [ Open talks? ‘bout what?
Building a pyramid in mubarak’s honor before stepping down? He’s done … finito
… burnt as an over-micro-waved burrito! The following from the Post is indeed
the straw that broke the riders with whips he sent on camels’ and horses’
backs! ‘Wants to die in Egypt? How
touching, or the reality, he’s just plain touched as in totally ‘out of it’. ‘…In what the U.S. State Department called
a "concerted campaign to intimidate," several dozen journalists were
rounded up by security forces and detained for hours, along with foreigners
working as teachers, engineers and human rights researchers. Across the city,
angry bands of supporters of President Hosni Mubarak also beat journalists;
several reporters said that they were threatened with death…’ ]
Cairo seeks to shift blame for clashes by rounding up journalists; U.S.
worries renewed protests could spark more violence from Mubarak supporters. Demonstrations
in Egypt take bloody turn In
Cairo square, Mubarak backers confront anti-government crowds (Washington Post) [ Not too difficult for desperate and done
mubarak to contrive: Mubarak
Says Egyptians Have to Choose Between “Chaos” and Him … Then Sends In His Thugs
to Stir Up Chaos (Infowars.com) In
order to justify staying in power until elections are held in September,
President Mubarak said on tv that the people had to choose between him and
“chaos”. ] The coordinated nature of day's events suggested that Mubarak's
supporters were determined to show, as he had warned, that the country faced a
"choice between chaos and stability." [ Previous: Mubarak's
pledge seen as not enough Egyptian
president plans to stay in office to transfer power (Washington Post) [ Let me put it another
way: Mubarak is as done as an over-cooked tamale … He seems to be stalling for
time and even in his age impaired mind certainly knows his position is
untenable, unsustainable, and even more irrational as each second passes. There
is a possibility that he’s using same to move money / treasure for himself and
others, literally as well, buying time. See infra … Previous: Mubarak
seeks dialogue, shows no sign of relenting
Demonstrators
call for massive protest but lack leadership (Washington Post) [ He relented when he resorted
to media / internet blackout. Indeed, this lack of sign thing is a testament to
how far from reality 30 years has taken him, not to mention the other 52 years
that have taken their toll on his cognitive processes. Whether it is plaques
‘on the brain’ or outright senility, that he is so disengaged from the events
unfolding around him, one may only wonder how he lasted this long. Nor did his
choice of cia standin / shill, new VP Suleiman enhance his now untenable
position which leaves him as ‘done as a burnt enchilada’. Kissinger
on Egypt unrest – “This is only the first scene of the first act of a drama
that is to be played out” [ The import of this so-called interview, and it is here that I
part company with alex jones, et als (who by the way, censored me for this very
thesis, which puts him and his at the top of my hypocrite list), is that the
so-called elite have orchestrated these events and ‘are in control’. First,
there are no elites in this world; you can’t derive elites from apes, notochordates,
and initially single celled organisms. Second, almost by definition and
certainly by history, there are no elites in america even if you were to accept
the first proposition (though true) as untrue. What you do have, in this world
and america particularly (with few exceptions as I’ve discussed elsewhere /
comments / my website), are inherent criminals and mentally ill people of
varying degrees of unscrupulousness and insanity who do commit crimes, both
small and large, to further their interests or fortunes (sociopaths /
psychopaths). The ’so-called alpha-dogs’ of the human species at most, but
still incompetent vegetables who, if you look at anything they touch (to use a
term term of such incompetent vegetables as historically pertains to their role
in the mideast – and generally the state of the world) it invariably goes ‘pear
shaped’ (english term). What hasn’t zionist kissinger not messed up as
appointee or ‘consultant’ – what does he get paid for? No! The fact is, they
have absolutely no idea how this unfolds and as with most of their lives, they
will predictably choose the most sordid, despicable, and diabolical course at
every turn because … that is their inherently criminal, mentally ill / unstable
nature to do so. ]
] Fragile steps to end crisis seen
as plans take shape for a transition process that would allow Mubarak to remain
as a figure head until new elections.
} ]
] After decades of repression, democracy
advocates say it could take many months -- if not years -- to lay groundwork
for open and credible elections.
This is that unmentionable reality as I alluded to
earlier on close scrutiny of the data, ‘that stock prices have been manipulated
to the upside beyond any and all rational basis‘ and as I previously wrote: Perception vs. Reality: Four Reasons to Remain Cautious on U.S.
Equities [ Hey, Abbott … That’s Lou
Costello calling him from the other side … Wake up! … Just kidding … but I’m
not kidding when I say that contrary to Abbott’s view, infra, if you’re not a
successful market timer you should rethink your position as an equity investor.
Moreover, in contradistinction to Mr. Abbott’s implication, if you’re not a
successful speculator (there are very few), you should rethink your position as
a short seller: reason…, you could be wiped out, lose more than your principal,
forced to cover (that’s why the same is considered a contrary market
indicator, particularly in these manipulated, contrived markets). When I did my
MBA thesis (1977, NYU, GBA, Eve.Prog., Finance), a review of the data revealed
even then (and much more so now with computer programmed market manipulation)
that the market remained biased / propped up (artificially, especially now with
computerized manipulation) to the upside for far longer periods of time than
for the downside which meant that dollar-cost averaging (through regular,
periodic investment, for example), meant you were accumulating shares at higher
prices generally for longer periods of time skewing the average cost to the
upside (dollar-cost-averaging in declining markets was ok if analysis /
forecast saw resurgence based on fundamentals - now absent – which is timing,
as even senile wall street / gov’t shill Buffet would attest, that ‘greedy when
others are fearful thing’). Abbott discusses perception which is the
psychological factor involved in security evaluation / analysis; but investors
need not and should become nuts themselves, particularly when as now, the
inmates are running the asylum. ]
Monthly
Market Valuation: Investors Are Too Bullish, Valuations Are Too High [ The conclusion of the following detailed,
documented analysis: ‘Wolinsky :In conclusion, the market is over-valued based
on the above data. Tobin's Q, Shiller P/E and AAII data are all indicating that
investors are too bullish and valuations are too high.’ ]
Is
the Market Headed for a Sell-Off? Zaky [
Yes … I agree, except that fundamentally the longer term prospects are even
worse than his bearish outlook suggests (don’t forget the debasement of the
dollar, manipulation, and spending / printing money the nation doesn’t have in
real terms behind this manipulated uptick) and summarized as follows: ‘I
suspect that this rally is on its very last legs. We should see a very healthy
10% or so correction within the next 1-2 week period ... This market is headed
for a sell-off. ]
2011
Update: Another Lost Decade for Stocks - Are You Prepared? [ I agree that this is but a (manipulated)
bull cycle in a secular bear market with substantially worse to come! ]Kopas
‘In February 2010, we published an article on Seeking Alpha entitled “Another Lost Decade for Stocks - Are You Prepared? ,” wherein we
argued that the year 2000 marked a secular (long-term) peak for U.S. stocks. A
secular bear market is formed when a series of business cycles are linked
together, establishing an extended period of stock market under-performance.
Our objective here is to bring you up-to-date on the progress of this secular
bear market and help you prepare for the next ten years.
The first benchmark we monitor is U.S. stock prices
adjusted for inflation. In this chart below, we compare the U.S. stock market
to the Shiller 10-year Price/Earnings ratio. This P/E ratio is an indication of
investor confidence; a lack of that signals extreme valuation levels. Our conclusion is
that investor psychology is still too optimistic and has a long way to go
before reaching an undervalued stock market level.
[chart] click to enlarge
Updating our duration and valuation benchmarks, again
we find progress, but not yet achieving the truly undervalued levels we expect
to see toward the end of a secular bear market. Based upon previous cycles, it
appears we are only slightly past the half way mark in terms of years, number
of recessions, and valuations. A look at our chart and table comparing this to
earlier secular bear markets illustrates our conclusion. We expect that a
major bottom for inflation adjusted stock prices is still years away before
stocks finally gravitate toward the target area outlined below.
[chart]
New Benchmark: Tobin Q Ratio
In this update we introduce another relative valuation
benchmark created by Yale economics professor and Nobel laureate James Tobin,
hence the name Tobin’s Q Ratio. The Q ratio is calculated as the total value of
the stock market divided by the replacement cost of all its companies. Values
greater than 1 indicate stock prices sell above their replacement cost and are
therefore “expensive.” A reading below 1 indicates stocks can be bought below
replacement cost and therefore indicates that it is cheaper to buy a company
than to build one.
A long-term view of the Q ratio gives investors a good
understanding of value, information about current risk levels and a method to
assess probable returns for the long term. Secular bear markets historically
bottom when the Q ratio declines to a bargain level less than .4, meaning stock
prices sell for just 40% of replacement value. Today’s reading of 1.03 is above
the average reading of .75 and considerably higher than the average secular low
reading of .33. Investors beware; stocks have considerable more downside
potential before the Q ratio truly reflects a great valuation. Buy and Hold
tactics will continue to frustrate investors, just as they have in the past
decade.
[chart]
In conclusion, none of the benchmarks we evaluate
indicate we are anywhere close to a secular stock market bottom yet. In the meantime,
a prudent and profitable investment strategy should be flexible enough to
actively adjust portfolio asset allocation, depending on where we are in the
business cycle and the direction of the secular trend.’
Shiller Ratio Points to U.S. Equities Being Significantly
Overvalued [ Yes they are indeed;
so take this especially great opportunity to sell, take profits since there’s
much, much worse to come! That computer-programmed spike into the close to keep
suckers suckered does not change the aforesaid. This is particularly evident in
their attempt to cash in on that superstitious scam known as the ‘January
effect’ by way of these manipulated bubble-making buy programs; you know,
loosen / soften the suckers up for the coming year’s new fraud / scam. ] The
'January
Effect Market Kumar ‘…January of 1929, for example, was
off to a brisk start as the Dow Jones Industrial Average climbed to 317 from
307. But investors would be slammed later in the year by a historic stock
market crash that heralded the start of the Great Depression. January of 1987,
too, began nicely. The Dow climbed to 2160 at the end of the month after
starting out at 1927. But Black Monday would hit
investors in October of that year, leading to the sharpest historical stock
market decline in percentage terms. More recently, January 2001 had a strong
showing when the Dow Jones finished the month at 10,887 after starting at 10,646.
Those reading it as an auspicious beginning would be hit first by the further
fallout from collapse of the dot-com bubble and then the massive decline
following the September 11 terrorist attacks. See full article from DailyFinance: http://srph.it/cyaPDT ‘… Then, more
recently there’s ‘ The stock market scored a strong gain and locked in its
first positive finish for January since 2007 (we all know what happened after
that! Crash!) with help from the energy sector, which climbed sharply in
response to a spike in oil prices.(Yahoo/Briefing.com) … Higher oil prices …
riiiiight! … that sounds bull(s***)ish … on fraudulent wall street. ]
Egypt
VP favored by Israel to succeed Mubarak, cables show [ Which of course is the best reason in the world, in
addition to suleiman being both mubarak’s and the cia’s choice, to not allowing
that succession to go forward being contrary to all notions of democracy (the
dictator’s choice?). ] Israel has long
seen Omar Suleiman, Egypt’s recently appointed vice president, as the successor
to Egyptian President Hosni Mubarak, US State Department cables released by
secrets outlet WikiLeaks show.
Drudgereport: UNDERDOG:
CNN POLL: 51% SEE NO SECOND TERM FOR OBAMA... 71%
OF ALL VEGAS HOMEOWNERS UNDER WATER... 'New
normal' in housing bust... STRESS... Job
openings fall for second straight month... HOUSE
VOTES NEXT WEEK TO BLOCK OBAMACARE FUNDS WE'RE
ON 'ROAD TO RUIN'
UPDATE:
Egypt sees largest demos since start of revolt... New
video shows brutal mob justice... Israel
Army Chief: Prepare for all-out war... Released
GOOGLE exec reveals he was behind FACEBOOK page... Freed
young leader energizes protests... Saboteurs
attack gas pipeline; cuts off flow to Israel, Jordan... CAIRO
DAY 12: Locked in standoff... Mubarak
clings to power as son quits ruling party... Gov't
seeks to ease Mubarak out... Hopes
to ride out protest wave... Anderson
Cooper in 'Undisclosed Location' After Another Attack; Couric, Williams Flee
Egypt... GOOGLE
Exec Who Went Missing In Egypt Now Spokesman For Opposition Group... MOTOROLA
AD MOCKS 'APPLE ZOMBIE SOCIETY'... Mafia
'holds Silvio Berlusconi photos'... SUPER
BOWL MOST-VIEWED TV IN HISTORY... THE
PACK PULLS IT OUT
Governors
plan painful cuts amid budget crises (Washington Post) [ This truly is a disaster in the making, with
consequences even more dire than the grim outlook set forth by Meridith
Whitney, if that could even be fathomed. It’s really going to be all that
bad…see infra, The Economic Collapse, ‘#10 The municipal
bond crisis could go “supernova” at any time. Already, investors are
bailing out of bonds at a frightening pace. State and local government
debt is now sitting at an all-time high of 22
percent of U.S. GDP. According to Meredith Whitney, the municipal bond
crisis that we are facing is a gigantic threat to our financial system….
“It has tentacles as wide as anything I’ve seen. I think
next to housing this is the single most important issue in the United States
and certainly the largest threat to the U.S. economy.”
Former Los Angeles mayor Richard Riordan
is convinced that things are so bad that literally 90% of our states and cities
could go bankrupt over the next five years…. ‘
] Governors across the ideological spectrum are embracing the politics
of austerity in a desperate effort to balance the books. Egypt protests continue as Mubarak's
government offers concessions (Washington Post) [ Come on! Let not
all of us join america’s / israel’s, et als, and mubarak’s delusions. After all, here’s an 82 year old tyrant, in
power for 30 years, yet in some parallel universe appears to think he’s calling
the shots. Other than literal and quite foolish shots against protesters, even
journalists, see infra, there are few indeed that would trust his mindset, such
as it is, much less his judgment, so flawed as he has now shown it to be. What
is obvious is that this long overdue ‘people’s election’ cannot be thwarted by
platitudes and small talk, but resisting the inevitable will turn an american
quasi-ally into an anti-american breeding ground because there’s just no
reconciling a pro-mubarak, however slight, position with american / israeli, et
als war crimes in the region. Restless
Cairo protesters hoping for U.S. support (Washington
Post) [ The sad reality here is, much like wobama’s Afghanistan fiasco, that
america has ‘bought it’. This is truly yet another ‘loss, loss’ scenario as is
true of america’s mideast policy generally. Defacto bankrupt america’s
initiatives in the region particularly, though generally true of all american
policy, is the ‘square pegs in round holes’ approach to almost everything they
do, which certainly is not lost on the rest of the world. Coddling and caving
in to israeli / neocon / zionist paranoia despite the war mongering
intransigence of the former is devastating to a nation as pervasively corrupt
america which is facing insurmountable domestic problems of its own,
economically, financially, politically, and geo-politically. This should bring
to mind the missteps of a former fading empire in this same region desperately
trying to remain relevant. Indeed, from Balfour’s Despoliation to arbitrary
boundaries, etc., Orwellian britain’s demise (decline) as a real player globally
was, as america’s currently, significantly and irrevocably hastened. Quite
simply, pervasively corrupt, defacto bankrupt america will increasingly be
viewed as a bunch of ‘muck-ups’ who
can’t handle their own substantial problems much less those of other nations;
and in fact, invariably exacerbate existing conditions / problems, particularly
when pandering to israel’s self-interested concerns. ] While the ouster of
President Hosni Mubarak remains the most pressing concern for protesters, the
role of U.S. is far from absent in the dialogue. { Previous: Amid Arab protests, U.S. influence has waned (Washington
Post) [ And that’s just the way israel likes it … and to america’s detriment,
of course … which is not lost on even George Soros … Drudgereport: Soros:
'The main stumbling block is Israel'...
Egyptian
protesters plan new push Government
detains foreigners, says it's willing to open talks (Washington Post) [ Open talks? ‘bout what?
Building a pyramid in mubarak’s honor before stepping down? He’s done … finito
… burnt as an over-micro-waved burrito! The following from the Post is indeed
the straw that broke the riders with whips he sent on camels’ and horses’
backs! ‘Wants to die in Egypt? How
touching, or the reality, he’s just plain touched as in totally ‘out of it’. ‘…In what the U.S. State Department called
a "concerted campaign to intimidate," several dozen journalists were
rounded up by security forces and detained for hours, along with foreigners
working as teachers, engineers and human rights researchers. Across the city,
angry bands of supporters of President Hosni Mubarak also beat journalists;
several reporters said that they were threatened with death…’ ]
Cairo seeks to shift blame for clashes by rounding up journalists; U.S. worries
renewed protests could spark more violence from Mubarak supporters. Demonstrations
in Egypt take bloody turn In
Cairo square, Mubarak backers confront anti-government crowds (Washington Post) [ Not too difficult for desperate and done
mubarak to contrive: Mubarak
Says Egyptians Have to Choose Between “Chaos” and Him … Then Sends In His Thugs
to Stir Up Chaos (Infowars.com) In
order to justify staying in power until elections are held in September,
President Mubarak said on tv that the people had to choose between him and
“chaos”. ] The coordinated nature of day's events suggested that Mubarak's
supporters were determined to show, as he had warned, that the country faced a
"choice between chaos and stability." [ Previous: Mubarak's
pledge seen as not enough Egyptian
president plans to stay in office to transfer power (Washington Post) [ Let me put it another way:
Mubarak is as done as an over-cooked tamale … He seems to be stalling for time
and even in his age impaired mind certainly knows his position is untenable,
unsustainable, and even more irrational as each second passes. There is a
possibility that he’s using same to move money / treasure for himself and
others, literally as well, buying time. See infra … Previous: Mubarak
seeks dialogue, shows no sign of relenting
Demonstrators
call for massive protest but lack leadership (Washington Post) [ He relented when he
resorted to media / internet blackout. Indeed, this lack of sign thing is a
testament to how far from reality 30 years has taken him, not to mention the
other 52 years that have taken their toll on his cognitive processes. Whether
it is plaques ‘on the brain’ or outright senility, that he is so disengaged
from the events unfolding around him, one may only wonder how he lasted this
long. Nor did his choice of cia standin / shill, new VP Suleiman enhance his
now untenable position which leaves him as ‘done as a burnt enchilada’. Kissinger
on Egypt unrest – “This is only the first scene of the first act of a drama
that is to be played out” [ The import of this so-called interview, and it is here that I
part company with alex jones, et als (who by the way, censored me for this very
thesis, which puts him and his at the top of my hypocrite list), is that the
so-called elite have orchestrated these events and ‘are in control’. First,
there are no elites in this world; you can’t derive elites from apes,
notochordates, and initially single celled organisms. Second, almost by
definition and certainly by history, there are no elites in america even if you
were to accept the first proposition (though true) as untrue. What you do have,
in this world and america particularly (with few exceptions as I’ve discussed
elsewhere / comments / my website), are inherent criminals and mentally ill
people of varying degrees of unscrupulousness and insanity who do commit
crimes, both small and large, to further their interests or fortunes (sociopaths
/ psychopaths). The ’so-called alpha-dogs’ of the human species at most, but
still incompetent vegetables who, if you look at anything they touch (to use a
term term of such incompetent vegetables as historically pertains to their role
in the mideast – and generally the state of the world) it invariably goes ‘pear
shaped’ (english term). What hasn’t zionist kissinger not messed up as
appointee or ‘consultant’ – what does he get paid for? No! The fact is, they
have absolutely no idea how this unfolds and as with most of their lives, they
will predictably choose the most sordid, despicable, and diabolical course at
every turn because … that is their inherently criminal, mentally ill / unstable
nature to do so. ]
] Fragile steps to end crisis seen
as plans take shape for a transition process that would allow Mubarak to remain
as a figure head until new elections.
} ]
Obama
prods U.S. firms to help economy (Washington Post) [ Sounds like a plan! Riiiiight! Unfortunately wobama,
unlike capital hill, and with bean-counters / number-crunchers / financial
analysts paid to look beyond your next election cycle, there are few if any
rational investment projects that comport with your politicking goals,
particularly in light of your perpetual wars and the defacto bankruptcy of the
nation … The
Gipper's true heirs (Washington
Post) [ ‘Wobama the b’ (for b*** s***), quite remarkably, seems to imply he is
one. Yet, his ‘ask what you can do for your country’ entreaty to the ‘corporate
execs’ (wake up wobama, they’ve already done it, shifting production / jobs
irrevocably overseas, etc., while engaging in the largest fraud by way of wall
street in the history of the world, with apparent impunity I might add as per
professional criminal courtesy via you and your department of injustice) sounds
awfully John F. Kennedyish; yet never the twain should meet (in fact, Reagan
and his friend, William Holden reportedly lifted a glass and cheered Kennedy’s
assassination – not totally ill-intended since they bought into that ‘Kennedy
treason’ propaganda being pushed by the cia et als. Actually, Reagan’s greatest
(and most unlikely going in) achievement was the peaceful transition from
communism he helped initiate and facilitate with Russia’s rational and astute
Mikhail Gorbachev which made way for substantial peace dividend for both
nations.) Yes, wobama seems to be suffering from a form of multiple personality
disorder which has invariably been interposed in defense of missteps and ‘bad
behavior’, but as is true now, without success. ] Robinson: Republicans claim the Reagan mantle, but Democrats act almost like
Reaganites.
Beware:
True Unemployment Is Closer to 10%
Hedge
Fund Manager Bill Fleckenstein: Fed Money Printing to Cover Bank Theft Is
Leading to Food Inflation Worldwide [ People really don’t comprehend the enormity of this reality / fraud
/theft which is far more injurious than even set forth here with dire
consequences to come. ] Dylan Ratigan says that the Fed is printing money to
cover enormous theft by the big banks, and that money printing is leading to
food inflation worldwide. (Bad weather and speculation on commodities are
obviously also contributing to rising food prices).
Drudgereport: WE'RE
ON 'ROAD TO RUIN'
BIG
SIS TELLS SUPER BOWL ATTENDEES: 'SEE SOMETHING, SAY SOMETHING'... Everyone
entering stadium to get a patdown... Saboteurs
attack gas pipeline; cuts off flow to Israel, Jordan... CAIRO
DAY 12: Locked in standoff... Mubarak
clings to power as son quits ruling party... Gov't
seeks to ease Mubarak out... Hopes
to ride out protest wave... Anderson
Cooper in 'Undisclosed Location' After Another Attack; Couric, Williams Flee
Egypt... GOOGLE
Exec Who Went Missing In Egypt Now Spokesman For Opposition Group... MOTOROLA
AD MOCKS 'APPLE ZOMBIE SOCIETY'... Mafia
'holds Silvio Berlusconi photos'... SUPER
BOWL MOST-VIEWED TV IN HISTORY... THE
PACK PULLS IT OUT
Budget
freeze hampers oversight, SEC chair says (Washington Post) [ Well, now we
know the real reason behind the spending freeze. It always was a bit of a
stretch to say that was because of their seriousness regarding
deficit-reduction which is a catch-phrase but myth at best. That said, in light
of wobama’s et als’ failure to live up to campaign promises regarding
prosecution of the blatant frauds on wall street, it seems that the absence of
the $200 million will be interposed as an excuse for planned failure. After
all, at every turn, the frauds on wall street were given every opportunity to
cover their tracks and keep their booty. The attorney general’s office, u.s.
attorneys and wobama the b are the worst offenders concerning the
foregoing. ] Mary L. Schapiro says the
freeze is compromising the agency's ability to police the financial markets. Defacto bankrupt,
fraudulent america also spends more on offensive (defensive a misnomer /
propaganda) military spending than all the nations of the world combined, and
by a large margin at that. Do you see a pattern emerging here [ I unfortunately
only belatedly did, and the feds, fed employees, cia, all 3 branches of the
u.s. government, etc., are included in this evolved american trait of inherent
criminality in the most nefarious sense ( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ]:
CRIME STATISTICS > TOTAL CRIMES (MOST RECENT) BY COUNTRY SHOWING LATEST
AVAILABLE DATA (america’s No. 1). … The following youtube video is well worth the look and explains how and
why the frauds on wall street have gotten away with their devastating fraud
thus far. The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE
FED PROBE IN BLACK PANTHER CASE... ex-Justice official quit over the handling of a voter
intimidation case against the New Black Panther Party accused his former
employer of instructing attorneys in the civil rights division to ignore cases
that involve black defendants and white victims US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Obama broke
promises ): ‘The Obama Deception’
Censored ‘The Obama Deception’ has been
censored In light of
this development, I provide an archived site version which appears to be complete
(but will be compared with earlier version and replaced with same if
incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv
Then there is the well researched, produced,
and informative ‘ESOTERIC AGENDA’ which explains how we’ve gotten to this
forlorn point: http://video.google.com/videoplay?docid=-7052400717834950257# ]
Iran's
Khamenei says uprisings represent 'defeat' for U.S. (Washington
Post) [ No matter how you slice it, dice it, or euphemise about it, these are
indeed substantial, irrevocable losses for the u.s.; but importantly, of
america’s own making; self-defeat if you will, compounded by a slew of bad
choices. Sadly, Ayatollah Ali Khamenei
is quite correct when he states: "The Israelis and the U.S. are more concerned about what would happen
to their interests in a post-Mubarak regime." … and further, ‘He also
accused the United States of propping up corrupt leaders in the region to
protect its interests and those of its ally israel .’ Unfortunately, as has become crystal clear from
america’s perpetual war in the region, the people have invariably figured last
in america/israel’s unbalanced equations. ]
] Drop in jobless rate from 9.4
percent to 9 percent offers little comfort because a separate survey of
employers shows that job growth was anemic in January, with employers adding
only 36,000 jobs. Milbank: Rumsfeld
offers no apology on Iraq (Washington Post) [ Well, journalistically speaking, you
know Mr. Milbank’s hit the bottom of the barrel when he leads his article with
a quote seemingly as a purported standard from war criminal dumbya bush who
probably didn’t even understand the words he was regurgitating (see , ie.,
bushisms from bush the brain-damaged moron http://albertpeia.com/bushisms.htm - sadly,
wobama probably understands the words but forgets his prior words contradicting
same, campaign promises particularly, and hence, failed presidents both). Who
cares about what would be meaningless apologies from these incompetent
psychopaths. (2-3-11) Rumsfeld
Finally Confesses He Was Wrong About WMD In New Autobiography [ Nice to know … a nation’s bankruptcy
(america) and another nation’s destruction (Iraq) later. ] Former Defence
Secretary Donald Rumsfeld has finally confessed he was wrong to claim America
knew where Saddam Hussein had stockpiled weapons of mass destruction in the
first days after the Iraq invasion.
Previous: Words are cheap, in america particularly … I don’t believe
anything they say and then, as I said, words are cheap. ANALYSIS
| Palin's 'blood libel' comment backfires Washington Post) [ God knows I’m no fan of sarah palin’s
although I am constrained to admit that as a fan of Saturday Night Live, I do
appreciate her contribution to comedic content in the show. That said, this new ‘tempest in a teapot’ of
her own making is a bit overdone. After all, it should be common knowledge by
now, to put it mildly, that she is quite dumb; and, like that burnt out, dumb,
war criminal and moron, dumbya bush (see , ie., bushisms from bush the
brain-damaged moron http://albertpeia.com/bushisms.htm ), she also has
trouble with words; more specifically, the meanings of words. But it is also
true that wobama and his ilk have trouble with words and their meaning,
particularly when those spoken words are measured against what he does, his ilk
never seeming to discern the glaring difference … wobama the ‘b’ for b*** s***.
Lamentably (by her) and unexpectedly for palin was her failure to fully
understand ‘that jewish thing’ attached to the phrase and the tender
sensibilities of those who previously have been among the ranks of what seems
more and more to be a somewhat offbeat fanclub of sorts. Yeah, that ‘never here
the end of it’ jewish stereotype of paranoid sensibilities to religious /
ethnic prejudice / slur behind some word, phrase, or even a sneeze (spielberg’s
childhood memories) can wind up turning around and biting you’re a** !
Previously: Krauthammer: Beyond
Ariz., a reckless charge (Washington
Post) [ If it were only that simple; viz., a palin ( I’ve previously said I’m
more concerned with her level of stupidity, dumb enough in an infantile way to
prove she had gonads by pressing the button – never goin’ to happen, her being
in that position), a beck, a bush, a wobama (Drudgereport: OBAMA
FLASHBACK: 'If They Bring a Knife to the Fight, We Bring a Gun'... , etc., there’d
be hope for pervasively corrupt defacto bankrupt america. The fact is, the
problem is inherent to america / americans themselves as I previously wrote
here and reiterate: Will: Half-baked
explanations for tragedy (Washington Post) [ Half-baked? Charlatans? The
foregoing are in no short supply in defacto bankrupt, meaningfully lawless,
pervasively corrupt, fraud prevalent america. See, for
example, RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm . Moreover, Mr. Will as an oftimes
apologist for war criminal, pervasively fraud-prone, defacto bankrupt, etc.,
america, with crime rates exceeding by far those of any other so-called
civilized nations, might indeed find himself among those he’s so categorized.
Among the last separate page sections to my website will be a somewhat detailed
psychoanalytic evolutionary profile of the u.s. (one might ask who am I to do
so which is fair comment to which I would reply, read it, or not, your choice).
However, for the nonce, let me say that the it is no small coincidence that the
20 th century has been dubbed ‘the american century’. That the 20 th century has
been considered the bloodiest is at once the natural concomitant of the
foregoing reality. Keeping in mind the so-called ‘selective’ processes in both
insurance (adverse) and evolutionary (Darwinian) terms, and as well, the
psychology of it all from a behavioral perspective, america has indeed evolved.
From the genocide of indigenous populations, to outlandish propaganda in
support of same (ie., that ‘manifest destiny’ balderdash with overtones of
religiosity spoonfed since elementary school, etc.), to contrived conflict /
war, such, euphemistically bad behavior has been reinforced, some of which
conditioning not always purposeful, ie., the ever greater frauds perpetrated on
wall street for which there have been in large part no real punitive
consequences to the perpetrators; but, to the contrary, great financial rewards
though substantially detrimental to the majority. Despite the surface appeal,
that oft asserted ‘blue-blood’ distinction doesn’t pass muster. Aside from the
few seeking seeking religious freedom (ie., Puritans among some others), most
then new americans were such disaffected rejects of their former homelands that
desperation at best was motivation for travel to the wilds of the ‘so-called
new world’ as opposed to intelligent, rational choice; criminals, mentally ill,
the not-so-bright but ruthless populating the new nation in disparate numbers
toward the ends consistent with greed and common criminality, corruption, and
venality. As of the age of the dinosaurs, the american century has passed into
the annals of a history replete with self-generating terrorism within and
without (that blowback thing). DRUDGEREPORT: NATION
SHOCKED: CONGRESSWOMAN SHOT IN TUCSON
White
House mulls Egypt options as protests persist Pro-democracy
demonstrators stage 'Day of Departure' rallies (Washington Post) [ It truly is difficult to
even imagine such a scenario as ‘a transition process that would allow Mubarak
to remain as a figure head until new elections’, though the same probably
comports with america’s own pervasively corrupt style of politics as usual
(wobama a glaring current example of
actions belying words, war criminal dumbya bush, et als) which has
spelled intractable decline for america domestically and internationally
(probably also comports with israel’s aims at the expense and to the detriment
of Egypt and Egypt’s citizens – also gives the cia time to do their deals which
could be whatever nefarious money-making / power brokering scheme comes to
mind). In corrupt, defacto bankrupt america, facades count more than reality. Egyptian
protesters plan new push Government
detains foreigners, says it's willing to open talks (Washington Post) [ Open talks? ‘bout what?
Building a pyramid in mubarak’s honor before stepping down? He’s done … finito
… burnt as an over-micro-waved burrito! The following from the Post is indeed
the straw that broke the riders with whips he sent on camels’ and horses’
backs! ‘Wants to die in Egypt? How
touching, or the reality, he’s just plain touched as in totally ‘out of
it’. ‘…In what the U.S. State Department
called a "concerted campaign to intimidate," several dozen
journalists were rounded up by security forces and detained for hours, along
with foreigners working as teachers, engineers and human rights researchers.
Across the city, angry bands of supporters of President Hosni Mubarak also beat
journalists; several reporters said that they were threatened with death…’ ]
Cairo seeks to shift blame for clashes by rounding up journalists; U.S.
worries renewed protests could spark more violence from Mubarak supporters.
Amid Arab protests, U.S. influence has waned (Washington
Post) [ And that’s just the way israel likes it … and to america’s detriment, of
course … which is not lost on even George Soros … Drudgereport: Soros:
'The main stumbling block is Israel'...
Egyptian
protesters plan new push Government
detains foreigners, says it's willing to open talks (Washington Post) [ Open talks? ‘bout what?
Building a pyramid in mubarak’s honor before stepping down? He’s done … finito
… burnt as an over-micro-waved burrito! The following from the Post is indeed
the straw that broke the riders with whips he sent on camels’ and horses’
backs! ‘Wants to die in Egypt? How
touching, or the reality, he’s just plain touched as in totally ‘out of
it’. ‘…In what the U.S. State
Department called a "concerted campaign to intimidate," several dozen
journalists were rounded up by security forces and detained for hours, along
with foreigners working as teachers, engineers and human rights researchers.
Across the city, angry bands of supporters of President Hosni Mubarak also beat
journalists; several reporters said that they were threatened with death…’ ]
Cairo seeks to shift blame for clashes by rounding up journalists; U.S.
worries renewed protests could spark more violence from Mubarak supporters. Demonstrations
in Egypt take bloody turn In
Cairo square, Mubarak backers confront anti-government crowds (Washington Post) [ Not too difficult for desperate and done
mubarak to contrive: Mubarak
Says Egyptians Have to Choose Between “Chaos” and Him … Then Sends In His Thugs
to Stir Up Chaos (Infowars.com) In
order to justify staying in power until elections are held in September,
President Mubarak said on tv that the people had to choose between him and
“chaos”. ] The coordinated nature of day's events suggested that Mubarak's
supporters were determined to show, as he had warned, that the country faced a
"choice between chaos and stability." [ Previous: Mubarak's
pledge seen as not enough Egyptian
president plans to stay in office to transfer power (Washington Post) [ Let me put it another
way: Mubarak is as done as an over-cooked tamale … He seems to be stalling for
time and even in his age impaired mind certainly knows his position is
untenable, unsustainable, and even more irrational as each second passes. There
is a possibility that he’s using same to move money / treasure for himself and
others, literally as well, buying time. See infra … Previous: Mubarak
seeks dialogue, shows no sign of relenting
Demonstrators
call for massive protest but lack leadership (Washington Post) [ He relented when he
resorted to media / internet blackout. Indeed, this lack of sign thing is a
testament to how far from reality 30 years has taken him, not to mention the
other 52 years that have taken their toll on his cognitive processes. Whether
it is plaques ‘on the brain’ or outright senility, that he is so disengaged from
the events unfolding around him, one may only wonder how he lasted this long.
Nor did his choice of cia standin / shill, new VP Suleiman enhance his now
untenable position which leaves him as ‘done as a burnt enchilada’. Kissinger
on Egypt unrest – “This is only the first scene of the first act of a drama
that is to be played out” [ The import of this so-called interview, and it is here that I
part company with alex jones, et als (who by the way, censored me for this very
thesis, which puts him and his at the top of my hypocrite list), is that the
so-called elite have orchestrated these events and ‘are in control’. First,
there are no elites in this world; you can’t derive elites from apes,
notochordates, and initially single celled organisms. Second, almost by
definition and certainly by history, there are no elites in america even if you
were to accept the first proposition (though true) as untrue. What you do have,
in this world and america particularly (with few exceptions as I’ve discussed elsewhere
/ comments / my website), are inherent criminals and mentally ill people of
varying degrees of unscrupulousness and insanity who do commit crimes, both
small and large, to further their interests or fortunes (sociopaths /
psychopaths). The ’so-called alpha-dogs’ of the human species at most, but
still incompetent vegetables who, if you look at anything they touch (to use a
term term of such incompetent vegetables as historically pertains to their role
in the mideast – and generally the state of the world) it invariably goes ‘pear
shaped’ (english term). What hasn’t zionist kissinger not messed up as
appointee or ‘consultant’ – what does he get paid for? No! The fact is, they
have absolutely no idea how this unfolds and as with most of their lives, they
will predictably choose the most sordid, despicable, and diabolical course at
every turn because … that is their inherently criminal, mentally ill / unstable
nature to do so. ]
] Fragile steps to end crisis seen
as plans take shape for a transition process that would allow Mubarak to remain
as a figure head until new elections.
Ignored but
Important - What Omitted Jobs Data means for Stocks [ What it means is that when there are no
jobs, and everyone has stopped looking, there will be full employment which of
course, is rally time for stocks … riiiiight! ] Maierhofer, see entire article
infra: ‘…The headline unemployment rate (U-3) reported by the BLS fell to 9%,
the lowest level since April 2009. How can the unemployment rate drop 0.4% if
only 36,000 jobs were added? (Much worse than the 140,000 expected – stocks
still rallied) 36,000 aren't even enough to provide jobs for a quarter of
graduates…’ Riiiiight! … that fudge factor/fraud; viz., discouraged / stopped
looking … What total b*** s***! How desperate they are! Previous: Initial
Claims Drop More Than Expected [ Come on! Who
believes anything they say and at what cost with money not really there in
pervasively corrupt, defacto bankrupt america, with manipulated programmed suckers’
rally into the close. …‘In the U.S. market, Slothower concludes: “This is a
hard one to gauge, given the QE2 manipulations verses skyrocketing food and
energy prices, which have now reached prices levels that have choked off growth
in the past and caused recessions, as we saw in 2008 when oil prices hit $100 a
barrel (in March of that year).” “It is like walking in a mine field. You move
very carefully now with your eyes wide open and on every move, knowing that any
day something out of the blue could blow thing up, given these extreme risks.”
But he’s now only 70% in cash. The balance is split equally between: iPath Dow
Jones-AIG Grains Total Return Sub-Index …’
Minyanville's
T3 Weekly Recap: Growing Disconnect Between Market and Economy/World ‘ Bernanke said in his comments yesterday that he is responsible for higher
stock prices, but not necessarily for sky-rocketing global food prices. Well,
you can't have it both ways, Ben. By propping up asset prices when economic
data doesn't match the ferocity of the stock market rally, the Fed is
potentially creating another bubble of sorts.Just look at today's non-farm
payrolls number: There was a gain of only 36,000 jobs when 140,000 were
expected. Also, unemployment fell to 9.0% -- a positive sign for the layman,
but an ominous sign for the more keen eye. Nine-hundred thousand discouraged
job-hunters left the labor force this month, after 500,000 left in the previous
month. It's hard to see optimism in the stock market continue unabated while so
many Americans remain jobless…’ ‘Kung Hei Fat Choy!: Dave's Daily …Speaking of the man with printers
ink stains up to his neck, Bernanke spoke Thursday to the Press Club stating,
among other things, "inflation remains quite low". He continued saying,
"Since August, when we announced our policy of reinvesting maturing
securities and signaled we were considering more purchases, equity prices have
risen significantly...") I believe that sums things up from an investing view. Silly people like me are standing by watching those that can like
GS and JPM take this easy money and route it directly to the S&P futures
pits, among other similar places, taking on risk the Fed expects. Oh, and
speaking of JPM, the Madoff Trustees have sued the bank for complicity in
helping steer client funds to Madoff despite complaints from within that his
results were "too good to be true"…’ Monthly
Market Valuation: Investors Are Too Bullish, Valuations Are Too High The conclusion of the following
detailed, documented analysis: ‘Wolinsky :In conclusion, the market is
over-valued based on the above data. Tobin's Q, Shiller P/E and AAII data are
all indicating that investors are too bullish and valuations are too
high.’ ] Simon Maierhofer , On Friday
February 4, 2011, ‘ The monthly employment report has become one of the most
anticipated and talked about, but least analyzed ritual on Wall Street.As far
as the media is concerned, the Bureau of Labor Statistics (BLS) might as well
just publish the headline number, because that's about the only thing anyone
talks about.Not only does the core message of the 40+ page report go largely
un-deciphered, the correlation between the employment reports is also somewhat
deceptive.This article will extract some uncommonly reported information and
point towards what is likely to move the marketThe only other Wall Street
ritual that tops monthly unemployment reports is earnings season. Like any other
ritual, it comes with many myths and fables attached. The most common one is
that unemployment directly affects stock prices.
THE HEADLINE NUMBER ... WAIT, THERE IS
MORE
The headline unemployment rate (U-3) reported by the BLS
fell to 9%, the lowest level since April 2009. How can the unemployment rate
drop 0.4% if only 36,000 jobs were added? 36,000 aren't even enough to provide
jobs for a quarter of graduates.According to BLS data, the number of unemployed
workers (not seasonally adjusted) rose from 14.83 million to 14.94 million. The
work force shrunk from 153.89 million to 152.54 million. The workforce didn't
actually decline, but statistically more workers are considered discouraged and
are no longer considered unemployed.One of the most remarkable BLS data points
on the BLS site is the average number of weeks workers are now unemployed. The
jobless are unemployed for an average of 36.9 weeks, an all-time high (see
chart below).[chart]
A SHRINKING POND WITH BIGGER FISH
It is estimated that about 150,000 'youngsters' enter the
work force every year. That's why the work force has steadily increased since
1948. Courtesy of the 2008 bear market, the workforce has actually been
shrinking, as discouraged workers drop out of the statistics.Discouraged workers
are those who have stopped searching in the last four weeks. Excluding them
from the workforce and the unemployment equation artificially lowers the U-3
unemployment rate. The real unemployment rate (U-6), which includes workers who
stopped looking for jobs or had to settle for part-time jobs - is at 16.1%.
PLAYING DETECTIVE
Based on U-6 numbers, since December 2006 as many as 13
million Americans have either lost their jobs, or have been downgraded.The
lucky few who've found a job have to accept pay cuts. According to Annette
Bernhardt, policy co-direction for the National Employment Law Project, high
wage sectors - such as financial services (NYSEArca: KBE - News ) and
construction (NYSEArca: XHB - News ) - accounted
for nearly half the jobs lost during the recession.Those workers made between
$17.43 - $31 an hour. Only 5% of those jobs have been resurrected. 76% of new
jobs are in low-to mid-wage industries with earnings between $8.92 - $15 an
hour.Nevertheless, stocks have shrugged off an avalanche of bad news and
continue plowing ahead towards new highs. Does that make sense?
BIG BROTHER IS HERE
It does when you include the Federal Reserve and its
quantitative easing program in this lopsided equation. The Fed has a history of
creating and ignoring bubbles.The real estate (NYSEArca: IYR - News ) bubble was
allowed to get bigger to mop up the damage of the tech (NYSEArca: XLK - News ) bubble. The
financial sector (NYSEArca VHF) financing bubble was encouraged to mask the
damage of the real estate bubble. The new QE bubble is absolutely needed to
prevent an economic collapse (based on Bernanke's assessment).How long with the
Fed's quantitative easing - labeled QE2 - keep stocks afloat? We don't know for
sure, but we can tell when the stock market might enter trouble spots that
could lead to (severe) corrections.
A FORK IN THE FINANCIAL ROAD
Imagine a car cruising on the highway. The driver doesn't
know it yet, but he's heading in the wrong direction. When will he turn around?
We don't know, but the most likely place for a change of direction is the next
exit.Based on various measures of historic valuation models, the stock market
(NYSEArca: VTI - News ) is overpriced
(heading in the wrong direction). When will stocks stop rising and start
falling? We don't know, but the most likely place for a reversal is the next
big resistance level.The Dow Jones (DJI: ^DJI), S&P 500 (SNP: ^GSPC),
Nasdaq (Nasdaq: ^IXIC) and Financial Select Sector SPDR (NYSEArca: XLF - News ) are
simultaneously pushing against major resistance. It is rare to see four major
indexes at cross roads at the same time.
A HIGH PROBABILITY TRADING OPPORTUNITY
The beauty of well-documented resistance levels is that
they provide a high probability, and a low risk trading opportunity for bulls
and bears. A solid break above resistance means hurdle cleared. Resistance
becomes support and investors can go or stay long using the prior support level
as resistance.If the index (es) stays below resistance, resistance is confirmed
and a trend change is likely. Investors/traders can go short using the
resistance as a stop-loss level.All four indexes are within 1 - 2 % of their
resistance levels, which means that either trade has a potential loss of 1 -
2%, compared to a much higher gain. Investing is about putting the odds in your
favor. There is no fail-proof system, but this setup is about as good as it
gets…’
House
Republicans propose $32B in budget cuts (Washington Post) [ Well, there
you go … all over but the shoutin’ … $14+ trillion debt problem solved …
riiiiight! … Timid
Tuesday: Is it Safe? Davis ‘… This is how we pay off our current
debts and I think bondholders are simply happy to get anything out of a country
that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn
(entire global GDP) in the form of unfunded liabilities. The funniest thing
about this (and you have to laugh) is to see Conservative pundits get on TV and
talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS
TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ ] The figure represents an
unprecedented rollback that would force some agencies to cut spending by as
much as 20 percent, analysts say.
Egyptian
protesters plan new push Government
detains foreigners, says it's willing to open talks (Washington Post) [ Open talks? ‘bout what?
Building a pyramid in mubarak’s honor before stepping down? He’s done … finito
… burnt as an over-micro-waved burrito! The following from the Post is indeed
the straw that broke the riders with whips he sent on camels’ and horses’
backs! ‘Wants to die in Egypt? How
touching, or the reality, he’s just plain touched as in totally ‘out of
it’. ‘…In what the U.S. State
Department called a "concerted campaign to intimidate," several dozen
journalists were rounded up by security forces and detained for hours, along
with foreigners working as teachers, engineers and human rights researchers.
Across the city, angry bands of supporters of President Hosni Mubarak also beat
journalists; several reporters said that they were threatened with death…’ ]
Cairo seeks to shift blame for clashes by rounding up journalists; U.S.
worries renewed protests could spark more violence from Mubarak supporters.
Amid Arab protests, U.S. influence has waned (Washington
Post) [ And that’s just the way israel likes it … and to america’s detriment,
of course … which is not lost on even George Soros … Drudgereport: Soros:
'The main stumbling block is Israel'...
Egyptian
protesters plan new push Government
detains foreigners, says it's willing to open talks (Washington Post) [ Open talks? ‘bout what?
Building a pyramid in mubarak’s honor before stepping down? He’s done … finito
… burnt as an over-micro-waved burrito! The following from the Post is indeed
the straw that broke the riders with whips he sent on camels’ and horses’
backs! ‘Wants to die in Egypt? How
touching, or the reality, he’s just plain touched as in totally ‘out of
it’. ‘…In what the U.S. State
Department called a "concerted campaign to intimidate," several dozen
journalists were rounded up by security forces and detained for hours, along
with foreigners working as teachers, engineers and human rights researchers.
Across the city, angry bands of supporters of President Hosni Mubarak also beat
journalists; several reporters said that they were threatened with death…’ ]
Cairo seeks to shift blame for clashes by rounding up journalists; U.S.
worries renewed protests could spark more violence from Mubarak supporters. Demonstrations
in Egypt take bloody turn In
Cairo square, Mubarak backers confront anti-government crowds (Washington Post) [ Not too difficult for desperate and done
mubarak to contrive: Mubarak
Says Egyptians Have to Choose Between “Chaos” and Him … Then Sends In His Thugs
to Stir Up Chaos (Infowars.com) In
order to justify staying in power until elections are held in September,
President Mubarak said on tv that the people had to choose between him and
“chaos”. ] The coordinated nature of day's events suggested that Mubarak's
supporters were determined to show, as he had warned, that the country faced a
"choice between chaos and stability." [ Previous: Mubarak's
pledge seen as not enough Egyptian
president plans to stay in office to transfer power (Washington Post) [ Let me put it another
way: Mubarak is as done as an over-cooked tamale … He seems to be stalling for
time and even in his age impaired mind certainly knows his position is
untenable, unsustainable, and even more irrational as each second passes. There
is a possibility that he’s using same to move money / treasure for himself and
others, literally as well, buying time. See infra … Previous: Mubarak
seeks dialogue, shows no sign of relenting
Demonstrators
call for massive protest but lack leadership (Washington Post) [ He relented when he
resorted to media / internet blackout. Indeed, this lack of sign thing is a
testament to how far from reality 30 years has taken him, not to mention the
other 52 years that have taken their toll on his cognitive processes. Whether
it is plaques ‘on the brain’ or outright senility, that he is so disengaged
from the events unfolding around him, one may only wonder how he lasted this
long. Nor did his choice of cia standin / shill, new VP Suleiman enhance his
now untenable position which leaves him as ‘done as a burnt enchilada’. Kissinger
on Egypt unrest – “This is only the first scene of the first act of a drama
that is to be played out” [ The import of this so-called interview, and it is here that I
part company with alex jones, et als (who by the way, censored me for this very
thesis, which puts him and his at the top of my hypocrite list), is that the
so-called elite have orchestrated these events and ‘are in control’. First,
there are no elites in this world; you can’t derive elites from apes,
notochordates, and initially single celled organisms. Second, almost by
definition and certainly by history, there are no elites in america even if you
were to accept the first proposition (though true) as untrue. What you do have,
in this world and america particularly (with few exceptions as I’ve discussed
elsewhere / comments / my website), are inherent criminals and mentally ill
people of varying degrees of unscrupulousness and insanity who do commit
crimes, both small and large, to further their interests or fortunes
(sociopaths / psychopaths). The ’so-called alpha-dogs’ of the human species at
most, but still incompetent vegetables who, if you look at anything they touch
(to use a term term of such incompetent vegetables as historically pertains to
their role in the mideast – and generally the state of the world) it invariably
goes ‘pear shaped’ (english term). What hasn’t zionist kissinger not messed up
as appointee or ‘consultant’ – what does he get paid for? No! The fact is, they
have absolutely no idea how this unfolds and as with most of their lives, they
will predictably choose the most sordid, despicable, and diabolical course at
every turn because … that is their inherently criminal, mentally ill / unstable
nature to do so. ]
]
Home
buyers may get less government support (Washington Post) [ Uut, oh! Less help from the pervasively corrupt,
defacto bankrupt government? Well, on the bright side, a percentage of near
zero is still near zero … I guess that non-wall street addresses just don’t
rate! ] Administration officials are looking at scaling back the aid
provided during the mortgage crisis to help the ailing real estate market. The
move could make home loans in high-priced areas such as the Washington region
more expensive. Fed
dismisses inflation concerns (Washington Post) [ If you’re not used to Dave of Dave’s Daily,
see infra, ‘he talks with tongue in cheek’; meaning, inflation’s here, including
the inflated stock bubble that the frauds on wall street commission and sell
into, just as bernanke planned and admitted, with hyperinflation around the
corner, and the typical ‘bust’. Initial
Claims Drop More Than Expected [ Come on! Who
believes anything they say and at what cost with money not really there in
pervasively corrupt, defacto bankrupt america, with manipulated programmed
suckers’ rally into the close. …‘In the U.S. market, Slothower concludes: “This
is a hard one to gauge, given the QE2 manipulations verses skyrocketing food and
energy prices, which have now reached prices levels that have choked off growth
in the past and caused recessions, as we saw in 2008 when oil prices hit $100 a
barrel (in March of that year).” “It is like walking in a mine field. You move
very carefully now with your eyes wide open and on every move, knowing that any
day something out of the blue could blow thing up, given these extreme risks.”
But he’s now only 70% in cash. The balance is split equally between: iPath Dow
Jones-AIG Grains Total Return Sub-Index …’
‘ Kung Hei Fat Choy!: Dave's Daily …Speaking of the man with printers
ink stains up to his neck, Bernanke spoke Thursday to the Press Club stating,
among other things, "inflation remains quite low". He continued
saying, "Since August, when we announced our policy of reinvesting
maturing securities and signaled we were considering more purchases, equity
prices have risen significantly...") I believe that sums things up from an
investing view. Silly people like me are standing by watching those that can like
GS and JPM take this easy money and route it directly to the S&P futures
pits, among other similar places, taking on risk the Fed expects. Oh, and
speaking of JPM, the Madoff Trustees have sued the bank for complicity in
helping steer client funds to Madoff despite complaints from within that his
results were "too good to be true"…’ Monthly
Market Valuation: Investors Are Too Bullish, Valuations Are Too High The conclusion of the following
detailed, documented analysis: ‘Wolinsky :In conclusion, the market is
over-valued based on the above data. Tobin's Q, Shiller P/E and AAII data are
all indicating that investors are too bullish and valuations are too
high.’ ]
]
Bernanke gives a mixed assessment of the nation's economic
prospects.
Kung Hei Fat Choy!: Dave's Daily ‘ The above tribute to the "metal
rabbit" was not the cheer from Tahrir Square Thursday. But, U.S. investors
are ignoring that in favor of making money with some dip buying abetted by
focusing on good news (retail results) and ignoring any negative news from
Egypt or even MRK's results. The Fed tossed in another round of POMO to the tune of nearly $9 billion
which encouraged buying from trading desks. Speaking of the man with
printers ink stains up to his neck, Bernanke spoke Thursday to the Press Club
stating, among other things, "inflation remains quite low". He
continued saying, "Since August, when we announced our policy of
reinvesting maturing securities and signaled we were considering more
purchases, equity prices have risen significantly...") I believe that sums
things up from an investing view. Silly people like me are
standing by watching those that can like GS and JPM take this easy money and
route it directly to the S&P futures pits, among other similar places,
taking on risk the Fed expects. Oh, and speaking of JPM, the Madoff Trustees
have sued the bank for complicity in helping steer client funds to Madoff
despite complaints from within that his results were "too good to be
true". Again dip buying was dominant with an "Egypt be
damned" attitude although it looked like some bought gold perhaps as
insurance. Rumors of bank runs throughout North Africa are present. Volume was
just average with most coming early and late. Breadth per the WSJ was mixed to
positive. (You'll note the Nasdaq share volume data means investors buying the
bigger names.) … ‘ See also re:
bernanke’s folly-If You're Going to Do Economics, Don't Do Macro [ Truth be told, I find Mr. Falkenstein’s
article a bit too subtle and somewhat shy about getting to the point, but have
included same here solely for the reprint of William Buckley’s famous quote
which comports with my own view of the ivy league vegetable gardens which turn
out as you would expect, vegetables; viz., ‘ he would prefer the first 100 names in the Boston phonebook to the Harvard
faculty ‘. The reality is that
‘harvard professor’, ‘no-recession bernanke’ has given an obfuscating,
ephemeral feel good but lucrative to the few gift to the frauds on wall street
with ultimately devastatingly great cost / pain to come. ]
Rumsfeld
Finally Confesses He Was Wrong About WMD In New Autobiography [ Nice to know … a nation’s bankruptcy
(america) and another nation’s destruction (Iraq) later. ]Former Defence
Secretary Donald Rumsfeld has finally confessed he was wrong to claim America
knew where Saddam Hussein had stockpiled weapons of mass destruction in the
first days after the Iraq invasion.
Drudgereport: UNEMPLOYMENT
AT 9.0% +36,000 JOBS... CANADA
+69,200... GALLUP:
Unemployment actually at 9.9%... 'Under-employment' at 19.2%... Labor
Force Participation Plunges To Fresh 26 Year Low... Santelli
Slams CNBC Panelists for Spinning Jobs Report... VIDEO...
BIG
SIS TELLS SUPER BOWL ATTENDEES: 'SEE SOMETHING, SAY SOMETHING'…(If only she
really meant that concerning the rest of the nation, and washington
particularly – they obsessively cover up almost everything – and saying
something is dealt with quite harshly, punitively)... SECRET
DEAL: US AGREES TO TELL RUSSIA UK'S
NUKE SECRETS Gov't
Debt Jumped $105.8 Billion in January... Dems
warn of shutdown... Republicans
Propose Spending Cuts...
Initial
Claims Drop More Than Expected [ Come on! Who
believes anything they say and at what cost with money not really there in
pervasively corrupt, defacto bankrupt america, with manipulated programmed
suckers’ rally into the close. …‘In the U.S. market, Slothower concludes: “This
is a hard one to gauge, given the QE2 manipulations verses skyrocketing food
and energy prices, which have now reached prices levels that have choked off
growth in the past and caused recessions, as we saw in 2008 when oil prices hit
$100 a barrel (in March of that year).” “It is like walking in a mine field. You
move very carefully now with your eyes wide open and on every move, knowing
that any day something out of the blue could blow thing up, given these extreme
risks.” But he’s now only 70% in cash. The balance is split equally between:
iPath Dow Jones-AIG Grains Total Return Sub-Index …’ ‘ Kung Hei Fat Choy!: Dave's Daily …Speaking of the man with printers
ink stains up to his neck, Bernanke spoke Thursday to the Press Club stating,
among other things, "inflation remains quite low". He continued
saying, "Since August, when we announced our policy of reinvesting
maturing securities and signaled we were considering more purchases, equity
prices have risen significantly...") I believe that sums things up from an
investing view. Silly people like me are standing by watching those that can like
GS and JPM take this easy money and route it directly to the S&P futures
pits, among other similar places, taking on risk the Fed expects. Oh, and
speaking of JPM, the Madoff Trustees have sued the bank for complicity in
helping steer client funds to Madoff despite complaints from within that his
results were "too good to be true"…’ Monthly
Market Valuation: Investors Are Too Bullish, Valuations Are Too High The conclusion of the following
detailed, documented analysis: ‘Wolinsky :In conclusion, the market is
over-valued based on the above data. Tobin's Q, Shiller P/E and AAII data are
all indicating that investors are too bullish and valuations are too
high.’ ]
Market
Crash on 2/28/11? Technical
indicators suggest market collapse may begin by February 28th
Drudgereport:'DAY
OF DEPARTURE'
White
House, Egypt Discuss Plan for Mubarak's Exit... 'If
I Resign Today There Will Be Chaos'... Blames
Muslim Brotherhood for violence... Crackdown
Widens to Foreign Observers... Obama
response draws criticism in Israel... UN
to evacuate staff... LIVE... WIRE... BBC... Muslim
Brotherhood wants end to Egypt-Israeli peace deal... Kenneth
Cole tweets: Egypt is rioting over our spring collection... Jon
Stewart Jokes: 'Hands off Anderson Cooper!' Speeding
Police Truck Runs Over Protesters... ABCNEWS
REPORTER THREATENED WITH BEHEADING... CBSNEWS
Lara Logan, Crew Detained... FOXNEWS
reporter, cameraman beaten, hospitalized... The
Arab revolution and Western decline... Soros:
'The main stumbling block is Israel'... GALLUP:
Unemployment Up in January to 9.8%... GOOGLE
Gets Record 75,000 Job Applications in One Week... Bernanke
warns on 'wide' deficit; Gold goes up... ...policy
'not to blame for record food prices' Oil
price shoots above $103...
Dems
warn of shutdown over debt... Republicans
Propose Spending Cuts...
Health-care
fight shifts to courts (Washington Post) [ Wow! Heck of a way
to run a nation … now in the hands of
corrupt, corruptible plushly accoutered lifetime-appointees for whom legal
principles, meaningful rules of law are never a problem or impediment nor even
a predictable guide … Wall
Street firm targets District-based energy practice (Washington
Post) [ From one corrupt sinkhole (d.c. / no. virginia) to another, perhaps the
largest ( wall street/new york/jersey/ct. metro); ho, hum. The pervasively
corrupt american illegal system … corrupt u.s. courts / (lawyers) / judges:
Their lifetime plush appointments should be abolished, which corrupt entities are
unheard of in productive societies as China, Japan, etc.. Time to abolish these
drags on society and eliminate their lifetime stipends and costly
bureaucracies. Rules of law mean nothing to these typically corrupt americans.
Most, including sam alito of the u.s. supreme court, concerning drug
money laundering and obstruction of justice in the 3 rd circuit ( also
maryanne trump barry who covered-up drug money laundering through her brother’s
casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it for the money, personal money, big,
cash, untraceable money. The fog of war is great for such things (360 tons $100
bills flown into Iraq and missing, etc.).
[ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ].
america’s just a fraudulent and failed defacto bankrupt nation. ] It's part of
a push by law firms to expand their D.C. footprint in an era of increased
regulatory scrutiny. ]
The
unlikely face of Egypt's protesters (Washington Post) [ Unlikely? … I don’t think so in light of the
strength and prevalence of the ‘anyone but mubarak (and his)’ sentiment. ]
Mohamed ElBaradei, the Nobel Prize-winning former United Nations
bureaucrat, has emerged this week as an improbable revolutionary, clamoring for
the overthrow of Egypt's President Hosni Mubarak.
Milbank: Rand
Paul's at odds with his state (Washington Post) [ Mr. Milbank … that perpetual off-key that invariably
sounds passable on an old, hopelessly out-of-tune piano. Not even credit to Mr.
Rand’s prospective ‘elections be damned’ attitude and putting reality and
conscience first (an attitude which got him elected and which he stands by). In
case Mr. Milbank hasn’t noticed, pervasively corrupt, defacto bankrupt america
has declined substantially, particularly of late, and has strayed quite afar
from the laudible principles upon which it was founded. Mr. Milbank, organized
crime families, even less organized gangs, and certainly corrupt politicians
compromise all of the time … and that’s the nation’s problem … because some
things are not compromisable. ] Facebook
treads carefully after role in protests (Washington Post) [ Facebook
should show nor have any fear inasmuch as any such nations as would
self-destructively limit the free flow of information so limit the tenure of
such leadership of said nations. Moreover, historically, such authoritarian,
totalitarian regimes never withstand the test of time. Finally, if not
facebook, then another (choose) will step up. ] The recent unrest in Egypt and
Tunisia is forcing Facebook officials to grapple with the prospect that other
governments will grow more cautious of permitting the company to operate in
their countries without restrictions or close monitoring. Demonstrations
in Egypt take bloody turn In
Cairo square, Mubarak backers confront anti-government crowds (Washington Post) [ Not too difficult for desperate and done
mubarak to contrive: Mubarak
Says Egyptians Have to Choose Between “Chaos” and Him … Then Sends In His Thugs
to Stir Up Chaos (Infowars.com) In
order to justify staying in power until elections are held in September,
President Mubarak said on tv that the people had to choose between him and
“chaos”. ] The coordinated nature of day's events suggested that Mubarak's
supporters were determined to show, as he had warned, that the country faced a
"choice between chaos and stability." [ Previous: Mubarak's
pledge seen as not enough Egyptian
president plans to stay in office to transfer power (Washington Post) [ Let me put it another
way: Mubarak is as done as an over-cooked tamale … He seems to be stalling for
time and even in his age impaired mind certainly knows his position is
untenable, unsustainable, and even more irrational as each second passes. There
is a possibility that he’s using same to move money / treasure for himself and
others, literally as well, buying time. See infra … Previous: Mubarak
seeks dialogue, shows no sign of relenting
Demonstrators
call for massive protest but lack leadership (Washington Post) [ He relented when he
resorted to media / internet blackout. Indeed, this lack of sign thing is a
testament to how far from reality 30 years has taken him, not to mention the
other 52 years that have taken their toll on his cognitive processes. Whether
it is plaques ‘on the brain’ or outright senility, that he is so disengaged
from the events unfolding around him, one may only wonder how he lasted this long.
Nor did his choice of cia standin / shill, new VP Suleiman enhance his now
untenable position which leaves him as ‘done as a burnt enchilada’. Kissinger
on Egypt unrest – “This is only the first scene of the first act of a drama
that is to be played out” [ The import of this so-called interview, and it is here that I
part company with alex jones, et als (who by the way, censored me for this very
thesis, which puts him and his at the top of my hypocrite list), is that the
so-called elite have orchestrated these events and ‘are in control’. First,
there are no elites in this world; you can’t derive elites from apes,
notochordates, and initially single celled organisms. Second, almost by
definition and certainly by history, there are no elites in america even if you
were to accept the first proposition (though true) as untrue. What you do have,
in this world and america particularly (with few exceptions as I’ve discussed
elsewhere / comments / my website), are inherent criminals and mentally ill people
of varying degrees of unscrupulousness and insanity who do commit crimes, both
small and large, to further their interests or fortunes (sociopaths /
psychopaths). The ’so-called alpha-dogs’ of the human species at most, but
still incompetent vegetables who, if you look at anything they touch (to use a
term term of such incompetent vegetables as historically pertains to their role
in the mideast – and generally the state of the world) it invariably goes ‘pear
shaped’ (english term). What hasn’t zionist kissinger not messed up as
appointee or ‘consultant’ – what does he get paid for? No! The fact is, they
have absolutely no idea how this unfolds and as with most of their lives, they
will predictably choose the most sordid, despicable, and diabolical course at
every turn because … that is their inherently criminal, mentally ill / unstable
nature to do so. ]
Monthly
Market Valuation: Investors Are Too Bullish, Valuations Are Too High [ The conclusion of the following detailed,
documented analysis: ‘In conclusion, the market is over-valued based on the above
data. Tobin's Q, Shiller P/E and AAII data are all indicating that investors
are too bullish and valuations are too high.’
] Wolinsky ‘I update market valuations on a monthly basis. The point of
this article is to measure the stock market based on seven different metrics.
This article does not look at the macro picture and try to predict where the
economy is headed. It only uses these several metrics which have been very good
past indicators of whether the market is fairly valued.This month I added in GMO’s
chart at the bottom. The GMO chart shows what the firm expects different asset
classes to return over the next seven years.I collaborate with two colleagues
of mine for some of the data in this article, Doug Short of dshort.com and my friend
who runs seekingdelta . Both are
great sites, and I encourage readers to check them out.As always, I must
mention that just because the market is over or undervalued does not mean that
future returns will be high or low. From the mid to late 1990s the market was
extremely overvalued and equities kept increasing year after year. However, as
I note at the end of the article, I expect low returns over the next ten years
based on current valuations. In addition, individual stocks can be found that
will outperform or underperform the market regardless of current valuations.To
see my previous market valuation article from last month, click here. Below are six different market
valuation metrics as of February 2nd, 2011:The current P/E TTM is 16.8, which
is slightly higher than the TTM P/E of 16.6 from last month (This specific data
is from the market close February 1st). click to enlarge [chart] This data comes
from my colleague Doug Short of dshort.com .Based on this data the market is
fairly valued. However, I do not think this is a fair way of valuing the market
since it does not account for cyclical peaks or downturns. To get an accurate
picture of whether the market is fair valued based on P/E ratio, it is more
accurate to take several years of earnings. Numbers from Previous Market lows: Mar 2009
110.37 multpl.com ] [chart]
http://seekingalpha.com/article/250273-monthly-market-valuation-investors-are-too-bullish-valuations-are-too-high?source=yahoo The
current ten year P/E is 23.94; this is much higher than the P/E of 22.94 from
the previous month. This number is based on Robert Shiller’s data evaluating
the average inflation-adjusted earnings from the previous 10 years. Robert
Shiller stated in an interview last week that he believes the S&P500 will
be at 1430 in 2020. Shiller believes that based on his metric the market is
overvalued, and will offer subpar returns over the next 10 years. market return calculator , the returns of
the market should be as follows: [chart] My
colleague Doug Short thinks this numbers are a bit inaccurate, because the
number I used does not include the past several months of earnings, nor
revisions. Doug calculates P/E 10 at 23.3. [chart] Mean:
16.39 Numbers
from Previous Market lows: Data
and chart courtesy of [ multpl.com ] [chart] SPY ETF, and updated using the latest change
in the price of SPY. This number will therefore not be 100% accurate since the
book value has likely changed (slightly) since the numbers were last updated on
November 30th, 2010. The current P/BV is 2.30; this is lower than the P/B of
2.20 I measured in my previous article. The average price over book value of
the S&P over the past 30 years has been 2.41. This indicates the market is
slighlty undervalued. Book value is considered a better measure of valuation
than earnings by many investors , including legendary investor Martin Whitman . He states that book value is harder
to fudge than earnings. In addition, book value is less affected by economic
cycles than one year earnings are. P/BV therefore provides a longer term
accurate picture of a company’s value than a TTM P/E. [chart] interest rates and low bond yields. During periods
where yields are low, it is logical for income oriented investors hungry for
yield to bid on the market, and dividend yields to decrease. I think it is hard
to claim the market is overbought based on the low dividend yield.
Mean: 4.35% Numbers
from Previous Market lows: multpl.com ]
Market Cap to GDP is currently 92.8%, which is higher
than the 91.1% from last month.
Ratio = Total
Market Cap / GDP
Valuation
Ratio < 50%
Significantly Undervalued
50% < Ratio < 75%
Modestly Undervalued
75% < Ratio < 90%
Fair Valued
90% < Ratio < 115%
Modestly Overvalued
Ratio > 115%
Significantly Overvalued
Where are we today (02/01/2011)?
Ratio = 92.8%, Modestly Overvalued
Stock Market Capitalization as a percentage of GDP is
another metric, albeit less commonly used than other metrics, to value the market.
Between 90-115% market capitalization as percentage of GDP is considered
modestly overvalued (we are at the low end of the range). Based on Guru Focus
data, the market should return about 4.6% per year based on the current value.
GuruFocus calculates the 4.6% returns as follows:
The returns of investing in an individual stock or in the
entire stock market are determined by these three factors:
1. Business growth
If we look at a particular business, the value of the
business is determined by how much money this business can make. The growth in
the value of the business comes from the growth of the earnings of the business
growth. This growth in the business value is reflected as the price
appreciation of the company stock if the market recognizes the value, which it
does, eventually.If we look at the overall economy, the growth in the value of
the entire stock market comes from the growth of corporate earnings. As we
discussed above, over the long term, corporate earnings grow as fast as the
economy itself.
2. Dividends
Dividends are an important portion of the investment
return. Dividends come from the cash earning of a business. Everything equal, a
higher dividend payout ratio, in principle, should result in a lower growth
rate. Therefore, if a company pays out dividends while still growing earnings,
the dividend is an additional return for the shareholders besides the
appreciation of the business value.
3. Change in the market valuation
Although the value of a business does not change
overnight, its stock price often does. The market valuation is usually measured
by the well-known ratios such as P/E, P/S, P/B etc. These ratios can be applied
to individual businesses, as well as the overall market. The ratio Warren Buffett uses for market valuation,
TMC/GNP, is equivalent to the P/S ratio of the economy. What Returns Is
the Market Likely to Deliver From This Level? Putting all the
three factors together, the return of an investment can be estimated by the
following formula:
Investment Return (%) = Dividend Yield (%)+ Business
Growth (%)+ Change of Valuation (%)
The first two items of the equation are straightforward.
The third item can be calculated if we know the beginning and the ending market
ratios of the time period (T) considered. If we assumed the beginning ratio is
Rb, and the ending ratio is Re, then the contribution in the change of the
valuation can be calculated from this:
(Re/Rb)(1/T)-1
The investment return is thus equal to:
Investment Return (%) = Dividend Yield (%) + Business
Growth(%) + (Re/Rb)(1/T)-1
This equation is actually very close to what Dr. John Hussman uses to calculate
market valuations . From this equation we can calculate the likely returns
an investment in the stock market will generate over a given time period. In
the calculation, the time period we used was 8 years, which is about the length
of a full economic cycle. The calculated results are shown in the final chart.
The green line indicates the expected return if the market trends towards being
undervalued (TMC/GNP=40%) over the next 8 years from current levels, the red
line indicates the return if the market trends towards being overvalued
(TMC/GNP=120%) over the next 8 years. The brown line indicates the return if
the market trends towards being fair-valued (TMC/GNP=80%) over the next 8
years.The thick light blue line in the bottom chart is the actual annualized
return of the stock market over 8 years. We can see the calculations largely
predicted the trend in the returns of the stock market. The swing of the
market’s returns is related to the change in interest rates.It has been
unfortunate for investors who entered the market after the late 1990s. Since
that time, the market has nearly always been overvalued, only dropping to
fairly valued since the declines that began in 2008. Since Oct. 2008, for the
first time in 15 years, the market has been positioned for meaningful positive
returns.As of 02/01/2011, the stock market is likely to return 4.6% a year in
the next 8 years. Warren Buffett has stated that market
capitalization as a percentage of GNP is “probably the best single measure of
where valuations stand at any given moment.”According to Barron’s, the ratio
got as low as 40% in the late 1940s, when investors feared another depression,
and in the inflationary 1970s.
Historic Data:
[chart]
Tobin's Q is 1.17 compared to 1.15 from
last month.
[chart]
[chart]
As can be seen from the above charts, the market is
significantly over-valued based on Tobin's Q.The data comes from Doug Short.
This is the most accurate data that is available. It is impossible for the data
to be 100% precise because the Federal Reserve releases data related to Tobin’s
Q on a quarterly basis. The best that can be done is to extrapolate the data
and try to provide the most accurate data possible based on the change in the
Willshire 5000. This is what Doug and I did to get the current number. This
method has proven extremely accurate for calculating Tobin's Q on any given
day.The current level of 1.17 compares with the Tobin's Q average over several
decades of data of approximately .72. This would indicate that the market is
extremely overvalued.In the past, Tobin’s Q has been a good indicator of future
market movements. In 1920, the number was at a low of .30, the next nine years
included phenomenal gains for the market. In 2000, Tobin’s Q almost reached a
record high of nearly 2, and the market declined subsequently about 50% by
2003.
Historic Tobin's Q:
Market Low 1932 0.30
Market High 1929 1.06(this is not the highest number ever
reached, just the number reached before the 1929 crash).
Average historic Tobin's Q .72 (source: Stocks for the Long Run by Jeremy Siegel
In my next monthly article, I will have more Tobin’s Q
historical data.
AAII Survey-42.00% Bullish, 23.70% Neutral, and 34.30%
Bearish: (Data from January 26th 2011)
With the collaboration of my colleague at seekingdelta, I have now added
a seventh metric for valuing the market. This data comes from the survey
conducted by the American Association of Individual Investors (AAII) conducted
on a weekly basis. According to the AAII :
The AAII Investor
Sentiment Survey measures the percentage of individual investors who are
bullish, bearish, and neutral on the stock market for the next six months;
individuals are polled from the ranks of the AAII membership on a weekly basis.
Only one vote per member is accepted in each weekly voting period.
[chart]
[chart]
As mentioned above, the survey results indicate investors
are quite bullish. The fact that so many investors are bullish is a contrarian
warning signal. Investors tend to get the most bullish at market tops, and
bearish at market lows.Below is AAII data from previous market bottoms (the
AAII began the survey in 1987).The charts essentially show that on average,
returns have been more favorable when bullish sentiment is below 28% vs above
50%. The 1yr avg return when sentiment is above 50% is 1.9% vs 13.6% when
sentiment is below 28%.
[chart]
[chart]
Chart and data courtesy of seekingdelta here (.pdf). To Recap:
1. P/E (TTM) - Fairly Valued
2. P/E 10 year - Very Overvalued
3. P/BV - Undervalued
4. Dividend Yield - Indeterminate/ overvalued
5. Market value relative to GDP - Moderately Overvalued
6. Tobins Q - Extremely overvalued
7. AAII Sentiment - Too bullish (overvalued)
8. GMO - Overvalued
In conclusion, the market is over-valued based on the
above data. Tobin's Q, Shiller P/E and AAII data are all indicating that
investors are too bullish and valuations are too high.However, the historical
data fails to take into account current record low interest rates. I know not
many investors take issue with my inclusion of interest rates in the equation.
However, I think that investors should look at the stock/bond alternative.
Right now, you can get some blue chip stocks with dividend yields close to the
ten year treasury yield.However, eventually the market will likely returns to
normal valuation ratios as interest rates reach more normal levels. I believe
returns over the next 10 years will be sub-par (far below the 9.5% average
market return). I think we will likely see returns equal to inflation over the
coming decade.Note: I have received numerous suggestions on how to improve my
monthly series. I tried to incorporate these ideas in my current article.
Please email me or leave a comment if you would like to provide further
suggestions. Stay tuned till the beginning of next month for the next monthly
valuation article.’
If You're Going to Do Economics, Don't Do Macro [ Truth be told, I find Mr. Falkenstein’s
article a bit too subtle and somewhat shy about getting to the point, but have
included same here solely for the reprint of William Buckley’s famous quote
which comports with my own view of the ivy league vegetable gardens which turn
out as you would expect, vegetables; viz., ‘he would prefer the first 100 names in the Boston phonebook to the Harvard
faculty ‘. The reality is that
‘harvard professor’, ‘no-recession bernanke’ has given an obfuscating,
ephemeral feel good but lucrative to the few gift to the frauds on wall street
with ultimately devastatingly great cost / pain to come. ]
Drudgereport: Amanpour:
Angry mob surrounded us, shouting they hate America... WH
shuts out media; reporters file complaint... CNN
Anderson Cooper 'punched 10 times in head' by mob in Egypt.... 'Camp
David made us a slave,' Egyptian protester says... WIKILEAKS: US threats to China in military standoff over 'Star
Wars'... Student,
14, suspended for 'weapon' -- a plastic pen casing... WIKILEAKS: FBI hunts the 9/11 gang that got away... 43
Million Use Food Stamps... Dems
object to GOP gov't transparency probe... JUDGE
RULES HEALTH CARE LAW UNCONSTITUTIONAL Judge
cites Obama's own position from 2008 campaign...
Brent crude oil above $100 for 1st time since 2008... FLASHPOINT
Fighter jets swoop over Cairo in show of force... Mubarak
meets with military commanders... Generals
tell him to quit... Troops
move into Tahrir square as curfew passes... ElBaradei
joins protesters in square... Says
US 'losing credibility by the day'... Clinton
calls for 'orderly transition'... 'We're
not advocating any specific outcome'... Convicts
pour out of prisons... UPDATE:
100+ dead; 2,000 injured... Flights
out halted, tourists trapped... But
19 private jets get out... Egypt
shuts down Al Jazeera bureau... LIVE
STREAM... OBAMA
CONFUSES IRAQ WITH AFGHANISTAN... Will
be out 'by the end of this year'... Scientists
Discover: Chimpanzees mourn their dead just like humans!
11%
of All US Homes Are Now Empty...
Report:
U.S. unlikely to reach electric car goal by 2015 (Washington Post) [ I think all benefits of doubt be
given to the auto companies in terms of the market and, ultimately, for the following reason: {Previous: S.
American mountains hold key to electric car's future: lithium for batteries (Washington Post) [ Well, I don’t know about electric car batteries, but
it’s reassuring to know that such american leaders in no short supply, ie., Ted
Turner, et als, will have no short supply of lithium to keep them on an even
keel (from the ups and downs from, ie., bipolar among other mental conditions).
Truth be told, I’ve not followed the ‘adventures of the electric cars’ too
closely, but concede that pollution as from gas engine cars is lessened. I know
enough about electricity and energy to know that there’s really no net gain in
terms of conservation, weening off oil, hydro, nuclear since the same are
required to produce the electricity; hence, increases in hydro / nuclear, ie.,
are necessary to change the reliance on oil (imports). } ] Obama's goal to have a 1M plug-in cars on
the road may be stymied by automaker, consumer uncertainty Israel wary of transition in Egypt, concerned
about regional stability (Washington Post) [ Who cares what the paranoid, war criminal, illegal
nuke totin’, war criminal israelis are wary of. This country has gone down the
tubes cow-towing to the paranoid, self-interested concerns of the psycho /
sociopathic zionist israelis who are forever projecting their own pathological
motives to every turn of history while ignoring their own culpability in
producing the very outcomes they purportedly seek to avoid. War, conflict,
greed, bloodshed is the historically based israeli way. ] Fresno
tackles an unusual problem (Washington
Post) [ Oh come on! Let’s call things as they are! Sputnik moment … p l e a s e
, spare me the b*** s*** wobama the b. This is not ‘up, up, and away’ to bigger
and better things, but rather an industry catering to the long predicted aging
baby boom population. The structural deficits, including jobs, will continue
owing to prior misguided self-interested policy for the ‘few’.] This California city is grappling with one
of the most troubling contradictions of the new economy: Even as it has one of
the nation's highest unemployment rates, it has thousands of job openings. Dow
closes above 12,000 (Washington
Post) [ Which is a manipulated bubble and which amount is worth far less than
even 3 years ago owing to dollar debasement…
Avoid
China, short the U.S. market instead Kee ‘…The subject of
international investing begs the buy and hold theme as a result, but because
that is dead, and because risk controls are more cumbersome in foreign markets,
my focus is on proactive strategies in U.S. markets, on risk controls, and my
longer term Periodic Oscillator tells me that the economy, thanks to stimulus,
is in bubble-like territory not seen since 2000 and 2007…’ Suttmeier … Stocks remain overvalued
fundamentally according to ValuEngine with 15 of 16 sectors overvalued
Mubarak's
pledge seen as not enough Egyptian
president plans to stay in office to transfer power (Washington Post) [ Let me put it another
way: Mubarak is as done as an over-cooked tamale … He seems to be stalling for
time and even in his age impaired mind certainly knows his position is
untenable, unsustainable, and even more irrational as each second passes. There
is a possibility that he’s using same to move money / treasure for himself and
others, literally as well, buying time. See infra … Previous: Mubarak
seeks dialogue, shows no sign of relenting
Demonstrators
call for massive protest but lack leadership (Washington Post) [ He relented when he
resorted to media / internet blackout. Indeed, this lack of sign thing is a
testament to how far from reality 30 years has taken him, not to mention the
other 52 years that have taken their toll on his cognitive processes. Whether
it is plaques ‘on the brain’ or outright senility, that he is so disengaged
from the events unfolding around him, one may only wonder how he lasted this
long. Nor did his choice of cia standin / shill, new VP Suleiman enhance his
now untenable position which leaves him as ‘done as a burnt enchilada’.
Kissinger
on Egypt unrest – “This is only the first scene of the first act of a drama
that is to be played out” [ The import of this so-called
interview, and it is here that I part company with alex jones, et als (who by
the way, censored me for this very thesis, which puts him and his at the top of
my hypocrite list), is that the so-called elite have orchestrated these events
and ‘are in control’. First, there are no elites in this world; you can’t
derive elites from apes, notochordates, and initially single celled organisms.
Second, almost by definition and certainly by history, there are no elites in
america even if you were to accept the first proposition (though true) as
untrue. What you do have, in this world and america particularly (with few
exceptions as I’ve discussed elsewhere / comments / my website), are inherent
criminals and mentally ill people of varying degrees of unscrupulousness and
insanity who do commit crimes, both small and large, to further their interests
or fortunes (sociopaths / psychopaths). The ’so-called alpha-dogs’ of the human
species at most, but still incompetent vegetables who, if you look at anything
they touch (to use a term term of such incompetent vegetables as historically
pertains to their role in the mideast – and generally the state of the world)
it invariably goes ‘pear shaped’ (english term). What hasn’t zionist kissinger
not messed up as appointee or ‘consultant’ – what does he get paid for? No! The
fact is, they have absolutely no idea how this unfolds and as with most of
their lives, they will predictably choose the most sordid, despicable, and
diabolical course at every turn because … that is their inherently criminal,
mentally ill / unstable nature to do so. ]
Avoid
China, short the U.S. market instead Kee ‘…The subject of
international investing begs the buy and hold theme as a result, but because
that is dead, and because risk controls are more cumbersome in foreign markets,
my focus is on proactive strategies in U.S. markets, on risk controls, and my
longer term Periodic Oscillator tells me that the economy, thanks to stimulus,
is in bubble-like territory not seen since 2000 and 2007…’
New
Monthly Value Levels, Pivots, and Risky Levels Editor's Note: This article was written
by Richard Suttmeier, chief market strategist at ValuEngine.com …
The Dow
Industrial Average shows monthly and annual value levels at 11,759 and
11,491 with weekly and daily risky levels at 11,959 and 12,005. The
S&P 500 has quarterly and monthly value levels at 1262.5 and 1247.6
with daily and weekly risky levels at 1293.7 and 1308.5. The Nasdaq
has a monthly value level at 2611 with a daily pivot at 2700 and weekly
and quarterly risky levels at 2769 and 2853. The Dow
Transports has a quarterly value level at 4671 with monthly and daily
pivots at 4962 and 4991 and weekly and annual risky levels at 5104 and
5179. The
Russell 2000 shows quarterly and monthly value levels at 765.50 and 741.74
with daily and annual pivots at 777.01 and 784.16 with a weekly risky
level at 809.88. Following
the Dow look for continued strength as long as closes are above my monthly
value level at 11,759. A close below 11,759 targets the annual value level
at 11,491.
The FDIC
closed a total of 157 banks in 2010; 41 in the first quarter, 45 in the
second quarter, 41 in the third quarter and 30 in the fourth quarter. 25 banks
failed in 2008 140 banks
failed in 2009 with a peak of 50 in the third quarter 157 banks
failed in 2010 11 banks
have failed year to date in 2011 333 banks
have failed since the end of 2007 I
still predict 500 to 800 bank failures in total by the end of 2012 into
2013.
FSNM ). This bank is
on the ValuEngine List of Problem Banks with overexposures to both C&D and
CRE loans: The C&D ratio to risk-based capital at 651.8% versus the 100%
maximum guideline, and 1946.4% for CRE loans versus the 300% maximum guideline.
The bank’s real estate loan pipeline is stuffed at 96.9% where 60% is a healthy
pipeline. It’s amazing to me how slow the FDIC has been in closing banks that
no longer deserve to service Main Street, USA.’
Persistent
Pattern: Stocks Like Early Days Of The Month [ Everything
and anything but fundamentals and value!
]
Is
the Market Headed for a Sell-Off? Zaky [
Yes … I agree, except that fundamentally the longer term prospects are even
worse than his bearish outlook suggests (don’t forget the debasement of the
dollar, manipulation, and spending / printing money the nation doesn’t have in
real terms behind this manipulated uptick) and summarized as follows: ‘I
suspect that this rally is on its very last legs. We should see a very healthy
10% or so correction within the next 1-2 week period ... This market is headed
for a sell-off. ]
2011
Update: Another Lost Decade for Stocks - Are You Prepared? [ I agree that this is but a (manipulated)
bull cycle in a secular bear market with substantially worse to come! ]Kopas
‘In February 2010, we published an article on Seeking Alpha entitled “Another Lost Decade for Stocks - Are You Prepared? ,” wherein we
argued that the year 2000 marked a secular (long-term) peak for U.S. stocks. A
secular bear market is formed when a series of business cycles are linked
together, establishing an extended period of stock market under-performance.
Our objective here is to bring you up-to-date on the progress of this secular
bear market and help you prepare for the next ten years.
The first benchmark we monitor is U.S. stock prices
adjusted for inflation. In this chart below, we compare the U.S. stock market
to the Shiller 10-year Price/Earnings ratio. This P/E ratio is an indication of
investor confidence; a lack of that signals extreme valuation levels. Our conclusion is
that investor psychology is still too optimistic and has a long way to go
before reaching an undervalued stock market level.
[chart] click to enlarge
Updating our duration and valuation benchmarks, again
we find progress, but not yet achieving the truly undervalued levels we expect
to see toward the end of a secular bear market. Based upon previous cycles, it
appears we are only slightly past the half way mark in terms of years, number
of recessions, and valuations. A look at our chart and table comparing this to
earlier secular bear markets illustrates our conclusion. We expect that a
major bottom for inflation adjusted stock prices is still years away before
stocks finally gravitate toward the target area outlined below.
[chart]
New Benchmark: Tobin Q Ratio
In this update we introduce another relative valuation
benchmark created by Yale economics professor and Nobel laureate James Tobin,
hence the name Tobin’s Q Ratio. The Q ratio is calculated as the total value of
the stock market divided by the replacement cost of all its companies. Values
greater than 1 indicate stock prices sell above their replacement cost and are
therefore “expensive.” A reading below 1 indicates stocks can be bought below
replacement cost and therefore indicates that it is cheaper to buy a company
than to build one.
A long-term view of the Q ratio gives investors a good
understanding of value, information about current risk levels and a method to
assess probable returns for the long term. Secular bear markets historically
bottom when the Q ratio declines to a bargain level less than .4, meaning stock
prices sell for just 40% of replacement value. Today’s reading of 1.03 is above
the average reading of .75 and considerably higher than the average secular low
reading of .33. Investors beware; stocks have considerable more downside
potential before the Q ratio truly reflects a great valuation. Buy and Hold
tactics will continue to frustrate investors, just as they have in the past
decade.
[chart]
In conclusion, none of the benchmarks we evaluate
indicate we are anywhere close to a secular stock market bottom yet. In the meantime,
a prudent and profitable investment strategy should be flexible enough to
actively adjust portfolio asset allocation, depending on where we are in the
business cycle and the direction of the secular trend.’
Shiller Ratio Points to U.S. Equities Being Significantly
Overvalued [ Yes they are indeed;
so take this especially great opportunity to sell, take profits since there’s
much, much worse to come! That computer-programmed spike into the close to keep
suckers suckered does not change the aforesaid. This is particularly evident in
their attempt to cash in on that superstitious scam known as the ‘January
effect’ by way of these manipulated bubble-making buy programs; you know,
loosen / soften the suckers up for the coming year’s new fraud / scam. ] The
'January
Effect Market Kumar ‘…January of 1929, for example, was
off to a brisk start as the Dow Jones Industrial Average climbed to 317 from
307. But investors would be slammed later in the year by a historic stock
market crash that heralded the start of the Great Depression. January of 1987,
too, began nicely. The Dow climbed to 2160 at the end of the month after
starting out at 1927. But Black Monday would hit
investors in October of that year, leading to the sharpest historical stock
market decline in percentage terms. More recently, January 2001 had a strong
showing when the Dow Jones finished the month at 10,887 after starting at
10,646. Those reading it as an auspicious beginning would be hit first by the
further fallout from collapse of the dot-com bubble and then the massive
decline following the September 11 terrorist attacks. See full article
from DailyFinance: http://srph.it/cyaPDT ‘… Then, more
recently there’s ‘ The stock market scored a strong gain and locked in its
first positive finish for January since 2007 (we all know what happened after
that! Crash!) with help from the energy sector, which climbed sharply in
response to a spike in oil prices.(Yahoo/Briefing.com) … Higher oil prices …
riiiiight! … that sounds bull(s***)ish … on fraudulent wall street. ]
Kissinger
on Egypt unrest – “This is only the first scene of the first act of a drama
that is to be played out” [ The import of this so-called
interview, and it is here that I part company with alex jones, et als (who by
the way, censored me for this very thesis, which puts him and his at the top of
my hypocrite list), is that the so-called elite have orchestrated these events
and ‘are in control’. First, there are no elites in this world; you can’t
derive elites from apes, nordochords, and initially single celled organisms.
Second, almost by definition and certainly by history, there are no elites in
america even if you were to accept the first proposition (though true) as
untrue. What you do have, in this world and america particularly (with few
exceptions as I’ve discussed elsewhere / comments / my website), are inherent
criminals and mentally ill people of varying degrees of unscrupulousness and
insanity who do commit crimes, both small and large, to further their interests
or fortunes (sociopaths / psychopaths). The ’so-called alpha-dogs’ of the human
species at most, but still incompetent vegetables who, if you look at anything
they touch (to use a term term of such incompetent vegetables as historically
pertains to their role in the mideast – and generally the state of the world)
it invariably goes ‘pear shaped’ (english term). What hasn’t zionist kissinger
not messed up as appointee or ‘consultant’ – what does he get paid for? No! The
fact is, they have absolutely no idea how this unfolds and as with most of
their lives, they will predictably choose the most sordid, despicable, and
diabolical course at every turn because … that is their inherently criminal,
mentally ill / unstable nature to do so. ] Bilderberg puppet master Kissinger
warns that the uprising is a temporary state of affairs, “only the first Scene
of the first act of a drama that is to be played out.”
Drudgereport: WIKILEAKS: FBI hunts the 9/11 gang that got away... Student,
14, suspended for 'weapon' -- a plastic pen casing... JUDGE
RULES HEALTH CARE LAW UNCONSTITUTIONAL Judge
cites Obama's own position from 2008 campaign...
Brent crude oil above $100 for 1st time since 2008... FLASHPOINT
Fighter jets swoop over Cairo in show of force... Mubarak
meets with military commanders... Generals
tell him to quit... Troops
move into Tahrir square as curfew passes... ElBaradei
joins protesters in square... Says
US 'losing credibility by the day'... Clinton
calls for 'orderly transition'... 'We're
not advocating any specific outcome'... Convicts
pour out of prisons... UPDATE:
100+ dead; 2,000 injured... Flights
out halted, tourists trapped... But
19 private jets get out... Egypt
shuts down Al Jazeera bureau... LIVE
STREAM... OBAMA
CONFUSES IRAQ WITH AFGHANISTAN... Will
be out 'by the end of this year'... Scientists
Discover: Chimpanzees mourn their dead just like humans!
11%
of All US Homes Are Now Empty...
On
economy, Obama takes a new role: cheerleader (Washington Post) [ No! That’s not what he was elected for; besides, he
just ain’t pretty enough (though you get the impression that he thinks he is,
in a very quiffy kind of way. Thanks, but no thanks; that may sound good, but
at this point, too little, too late for america. Action, not words, wobama the
b (for b*** s***). While figuratively, ‘nut and bolts’ are okay, it’s really
‘pencils, paper, and magnifying glasses’ for scrutinizing and correcting the
structural defects (are you willing to pay twice as much for the same products
produced elsewhere, pay for the frauds on wall street, pay for the rich
over-compensation packages of corp. execs, pay for the endless wars, pay for
the richly accoutered capital hill / lifetime appointee / federal employees
(law enforcement excepted), etc.) and a magnifying glass to discern the
foregoing. ] The President has become
the host of what feels like a looping infomercial on American innovation. Russia's Ryabkov on U.S.-Russia relations:
'We can offer tangible results, and we will do more in the future' (Washington Post) [
Well, I don’t know about diplomatic relations (one can only hope), but
if it’s sexual relations, what’s not to like … about Russian girls … They’re
total babes! Back to the diplomatic front, I’ve grown a bit partial to the
rationality of the Russian leadership based not solely on what they say
(defacto bankrupt america talks about peace, but directly and through proxies,
ie., israel, etc., is war mongering, war facilitating, war profiteering on
multiple fronts and killing many innocent children, women, and men; and of
course my own experience with american meaningfully lawlessness, infra,
etc., ), but what they do (Russia’s
engaged in no wars, made the transition from communism to present without violence,
finds time to preserve ‘The Siberian Tiger’, etc., and is not a hypocrite regarding professing to be a nation of
meaningful laws as america disingenuously purports to be, etc.) previous: Wall
Street firm targets District-based energy practice (Washington Post) [ From one corrupt sinkhole (d.c. /
no. virginia) to another, perhaps the largest ( wall street/new york/jersey/ct.
metro); ho, hum. The pervasively corrupt american illegal
system … corrupt u.s. courts / (lawyers) / judges: Their lifetime plush
appointments should be abolished, which corrupt entities are unheard of in
productive societies as China, Japan, etc.. Time to abolish these drags on
society and eliminate their lifetime stipends and costly bureaucracies. Rules
of law mean nothing to these typically corrupt americans. Most, including sam
alito of the u.s. supreme court, concerning drug money laundering and
obstruction of justice in the 3 rd circuit ( also maryanne trump barry who covered-up drug money laundering
through her brother’s casinos in a civil RICO case) should have gone to or
belong in jail. Contrary to popular
belief, they do it for the money, personal money, big, cash, untraceable money.
The fog of war is great for such things (360 tons $100 bills flown into Iraq
and missing, etc.). CBS
declines to run ad submitted by NFL players union (Washington Post) [
As I’ve previously mentioned, I seldom comment on sports matters and
don’t for a minute profess to even know the issues involved in this dispute.
That said, I feel compelled to emphasize for what it’s worth in terms of this
conflict, that like no other time before in the history of football and without
any prospect of being less so on the horizon, pro football today is absolutely
no joke. Those guys are big, and strong, and powerful and one can only wonder
of the aches, pains, long-term injuries ‘the day after’. ] Union officials suggest the ad was pulled in
deference to the networks' financial ties to the NFL. Exxon
Mobil's profit soars, along with crude oil prices (Washington
Post) [ And, you forgot to mention, along with stock prices; right, in
fraudulent wall street speak, the higher oil prices on debased dollar and
insurmountable national debt rally. Incredibly, Japan’s debt has been
down-graded (before u.s. debt) and compared to defacto bankrupt america,
they’re as flush (with liquid reserves) as a over-flushed toilet. Shiller Ratio Points to U.S. Equities Being Significantly
Overvalued [ Yes they are indeed;
so take this especially great opportunity to sell, take profits since there’s
much, much worse to come! That computer-programmed spike into the close to keep
suckers suckered does not change the aforesaid. This is particularly evident in
their attempt to cash in on that superstitious scam known as the ‘January
effect’ by way of these manipulated bubble-making buy programs; you know,
loosen / soften the suckers up for the coming year’s new fraud / scam. ] The
'January
Effect Market Kumar ‘…January
of 1929, for example, was off to a brisk start as the Dow Jones Industrial
Average climbed to 317 from 307. But investors would be slammed later in the
year by a historic stock market crash that heralded the start of the Great
Depression. January of 1987, too, began nicely. The Dow climbed to 2160 at the
end of the month after starting out at 1927. But Black
Monday would hit investors
in October of that year, leading to the sharpest historical stock market
decline in percentage terms. More recently, January 2001 had a strong showing
when the Dow Jones finished the month at 10,887 after starting at 10,646. Those
reading it as an auspicious beginning would be hit first by the further fallout
from collapse of the dot-com bubble and then the massive decline following the
September 11 terrorist attacks. See
full article from DailyFinance: http://srph.it/cyaPDT ‘… Then, more recently there’s ‘ The stock market scored a strong gain and locked in its
first positive finish for January since 2007 (we all know what happened after
that! Crash!) with help from the energy sector, which climbed sharply in
response to a spike in oil prices.(Yahoo/Briefing.com) … Higher oil prices …
riiiiight! … that sounds bull(s***)ish … on fraudulent wall street. ] ] Exxon Mobil's fourth-quarter profit
soared 53 percent thanks in large part to higher crude oil prices, which jumped
Monday to their loftiest levels since 2008. Mubarak
seeks dialogue, shows no sign of relenting
Demonstrators
call for massive protest but lack leadership (Washington Post) [ He relented when he
resorted to media / internet blackout. Indeed, this lack of sign thing is a
testament to how far from reality 30 years has taken him, not to mention the
other 52 years that have taken their toll on his cognitive processes. Whether
it is plaques ‘on the brain’ or outright senility, that he is so disengaged
from the events unfolding around him, one may only wonder how he lasted this
long. Nor did his choice of cia standin / shill, new VP Suleiman enhance his
now untenable position which leaves him as ‘done as a burnt enchilada’. ]
Unlike other successful democratic uprisings, this one lacks charismatic
personalities and any clear agenda beyond ousting Mubarak, elections.
Shiller Ratio Points to U.S. Equities Being Significantly
Overvalued [ Yes they are indeed;
so take this especially great opportunity to sell, take profits since there’s
much, much worse to come! That computer-programmed spike into the close to keep
suckers suckered does not change the aforesaid. This is particularly evident in
their attempt to cash in on that superstitious scam known as the ‘January
effect’ by way of these manipulated bubble-making buy programs; you know,
loosen / soften the suckers up for the coming year’s new fraud / scam. ] The
'January
Effect Market Kumar ‘…January of 1929, for example, was
off to a brisk start as the Dow Jones Industrial Average climbed to 317 from
307. But investors would be slammed later in the year by a historic stock
market crash that heralded the start of the Great Depression. January of 1987,
too, began nicely. The Dow climbed to 2160 at the end of the month after
starting out at 1927. But Black Monday would hit
investors in October of that year, leading to the sharpest historical stock
market decline in percentage terms. More recently, January 2001 had a strong
showing when the Dow Jones finished the month at 10,887 after starting at
10,646. Those reading it as an auspicious beginning would be hit first by the
further fallout from collapse of the dot-com bubble and then the massive
decline following the September 11 terrorist attacks. See full article
from DailyFinance: http://srph.it/cyaPDT ‘… Then, more
recently there’s ‘ The stock market scored a strong gain and locked in its
first positive finish for January since 2007 (we all know what happened after
that! Crash!) with help from the energy sector, which climbed sharply in
response to a spike in oil prices.(Yahoo/Briefing.com) … Higher oil prices …
riiiiight! … that sounds bull(s***)ish … on fraudulent wall street. ]
Don't
Blame Egypt for Friday's Sell-Off Janjigian ‘…many problems remain. The federal
budget deficit is too large and the government is carrying too much debt.
States and municipalities are drowning in public pension obligations. The
unemployment rate is improving, but much too slowly. Mortgage delinquencies and
foreclosures remain too high, there are too many homes available for sale, and
housing prices remain depressed. Worldwide inflation is on the rise. There are
even problems at the corporate level. Yes, corporate profits are strong, but
the same cannot be said for sales. Many companies are reporting anemic growth
on the top line at best. Others continue to see revenues decline. Corporations
are squeezing more profits from fewer sales only by aggressively cutting costs.
This kind of cost cutting cannot go on forever. All businesses eventually reach
a point where more profits can be produced only from more sales. Most are
probably at that point already... A 10 percent correction should not surprise
anyone...’
Is
the Market Headed for a Sell-Off? [ Yes … I agree, except that fundamentally
the longer term prospects are even worse than his bearish outlook suggests
(don’t forget the debasement of the dollar, manipulation, and spending /
printing money the nation doesn’t have in real terms behind this manipulated
uptick) and summarized as follows: ‘I suspect that this rally is on its very
last legs. We should see a very healthy 10% or so correction within the next
1-2 week period ... This market is headed for a sell-off. ] Zaky ‘As the market
scrutinizes President Obama's State of the Union Address, and looks to Bernanke
& Co. for any signs as to when the Federal Reserve's inflationary stance
toward monetary policy might be coming to an end, the Dow Jones Industrial
Average (DJIA) will be attempting its 9th consecutive weekly gain for the first
time since 1995.For the past 20 years, the Dow has managed countless 8-week
rallies which have tended to almost always end very poorly on the 9th week. The
only other time we've seen the Dow rally for 9 straight weeks was in the period
between January and March 1995. Before that, we would have to go to the 1980's
to find a 9 week period of consecutive gains.So the big question this week will
be whether the Dow can buck the 8-week trend or whether we'll see a sell-off to
end the week and the Dow streak at 8. What one should notice is how incredibly
weak the overall market tends to become after 8 weeks of straight gains.
Economist:
United States Worse Off than Greece Dr. Laurence Kotlikoff is an economics professor at Boston University. He
says the Treasury and the government are fudging the national debt numbers.
Kotlikoff says the United States is bankrupt and we don’t even know it.
Egyptian
capital teeters on anarchy Mubarak
asks cabinet to resign as anti-regime protests intensify
(Washington Post) [ Mubarak should have been looking in the mirror as he asked
his cabinet to resign … 30 years is a long time, and coincidentally, time for
him to go. In
Egypt: Access denied (Washington Post) [ The day part of the Internet died: Egypt goes dark [I disagree!
Part of the internet didn’t die, but rather the order to so darken the nation
heralded the demise, at 30 years and counting, of the so-called leadership in
the persona of Mubarak. Time for him to go! After all, he’s been in a position,
with Egypt among the only Mideast nations to have signed a peace treaty with
israel, to have stepped up with substantial credibility in taking a strong
position against israeli transgressions, violations of international law / u.n.
resolutions, war crimes, etc., which beyond soft-touch, he failed to do. And,
of all places, he sends his family to Orwellian england; he still loves those
colonial masters … how pathetic. I mean, 30 years … how free-flowing does
anyone think the election process is at this point … and one could ask the same
regarding the entrenched powers that be in pervasively corrupt, defacto
bankrupt america, to be fair. Then there’s saudi arabia; talk about do nothing
hypocrites. How does one family claim ownership of all the oil reserves of a
sovereign nation; I suspect only when foreign corporations say so. The only
Mideast nations showing backbone are Turkey, Lebanon, and Syria, and, of course
the perennially propaganda painted bad-boy Iran among possibly some of the
smaller emirates, ie., Qatar, etc., (I lack sufficient information regarding
these other nations). ] (AP)
Internet cutoff fails to silence Egypt protests (AP) - AP - In
its effort to silence protesters, Egypt took a step that's rare even among
authoritarian governments: It cut off the Internet across the entire
country. Mubarak fires Cabinet, defends army’s efforts Sat, 29 Jan 2011 00:20:58 GMT Egyptian
President Hosni Mubarak dismisses his Cabinet, calls on the army to help put
down rising potests... Egypt's Mubarak sends in army, resists
demands to quit (Reuters) ]
Embattled leader's move falls far short of demands that he give up his 30-year
authoritarian rule, leave the country and permit fresh elections.
Israel
watches Arab turmoil closely, but comments cautiously Washington
Post) [ Illegal nuke-totin’ war crimes nation israel, watch this closely since
the same was a long time coming … GOP senator favors cutting US aid to Israel (AP) ( Now
this is a great and long overdue idea that might also lead to enhanced peace
efforts for the region; b e c a u s e , israel will have less money to waste on
provocative and costly (particularly to america financially and geopolitically)
war games. ) AP - Tea party-backed Republican Sen. Rand Paul favors cutting
U.S. aid to Israel as part of a deficit-driven effort to slash government
spending by $500 billion this year, drawing criticism from Dems (and capital
hill generally as Buchanan once described as israeli occupied territory, to
america’s detriment) ... Rand Paul: End Aid to
Israel Pressed on CNN’s Situation Room about details on his budget cut plans,
Sen. Rand Paul (R-Ky.) says end all foreign aid–and when pressed further says
that includes to Israel. ]
Economic
growth strengthened (Washington Post) [ Wow! Mr. Irwin’s back to his
glass very much half full ways. The question is, is Mr. Irwin trying to
convince himself, or disingenuously trying to convince his readers. After all,
in reality, they’re really hasn’t been sufficient ‘bang for the buck’ ( Fed
Continues Failed Monetary Policy Suttmeier, chief market strategist
at ValuEngine.com
‘Fed Is
Continuing a Failed Monetary Policy (And, amazingly, their rationale is the
same failed rationale that preceded the last bubble, as now, crash, as will,
that was spun by senile greenspan that wall street frauds / insiders sold into;
you know, that so called wealth effect which in reality is theirs not yours;
viz., their gain, your pain.)
Information
received since the Federal Open Market Committee met in December confirms
that the economic recovery is continuing, though at a rate that has been
insufficient to bring about a significant improvement in labor market conditions. Growth in
household spending picked up late last year, but remains constrained by
high unemployment, modest income growth, lower housing wealth , and
tight credit. Business
spending on equipment and software is rising, while investment in
nonresidential structures is still weak.
Employers remain reluctant to add to payrolls. The
housing sector continues to be depressed. Although commodity prices have risen,
longer-term inflation expectations have remained stable, and measures of
underlying inflation have been trending downward . ) Moreover, and most importantly, those are more than just in short
supply; they’re not really there! ( Economist:
United States Worse Off than Greece Dr. Laurence Kotlikoff
is an economics professor at Boston University. He says the Treasury and the
government are fudging the national debt numbers. Kotlikoff says the United
States is bankrupt and we don’t even know it. BRACE
YOURSELF: Moody’s Basically Just Threatened To Downgrade The US A day after S&P downgraded Japan’s debt, the attention turns to the
US. )] Data show that the recovery is becoming deeper and
broader. U.S.
stocks drop sharply as protests intensify in Egypt (Washington Post) [ Egypt
riots knock Wall St to biggest drop in 6 months (Reuters) – [ No! That’s not correct! They probably would like you to think
that … some unforeseeable problem from out of nowhere deflating their contrived
fraudulent bubble that they always manage to sell into. But the fact is the
market’s overvalued to a point again beyond the pale … another inflated point that
the wall street frauds always seem to find some reason other than the reality
of a fraudulently manipulated overvalued bubble to sell into. ] Reuters -
Stocks suffered their biggest one-day loss in nearly six months on Friday as
anti-government rioting in Egypt prompted investors to flee to less risky
assets to ride out the turmoil. ] U.S. stocks decline as violent clashes
in Egypt inject a jolt of anxiety into global financial markets In
Egypt: Access denied (Washington Post) [ The day part of the Internet died: Egypt goes dark [I disagree!
Part of the internet didn’t die, but rather the order to so darken the nation
heralded the demise, at 30 years and counting, of the so-called leadership in
the persona of Mubarak. Time for him to go! After all, he’s been in a position,
with Egypt among the only Mideast nations to have signed a peace treaty with
israel, to have stepped up with substantial credibility in taking a strong
position against israeli transgressions, violations of international law / u.n.
resolutions, war crimes, etc., which beyond soft-touch, he failed to do. And,
of all places, he sends his family to Orwellian england; he still loves those
colonial masters … how pathetic. I mean, 30 years … how free-flowing does
anyone think the election process is at this point … and one could ask the same
regarding the entrenched powers that be in pervasively corrupt, defacto
bankrupt america, to be fair. Then there’s saudi arabia; talk about do nothing
hypocrites. How does one family claim ownership of all the oil reserves of a
sovereign nation; I suspect only when foreign corporations say so. The only
Mideast nations showing backbone are Turkey, Lebanon, and Syria, and, of course
the perennially propaganda painted bad-boy Iran among possibly some of the
smaller emirates, ie., Qatar, etc., (I lack sufficient information regarding
these other nations). ] (AP)
Internet cutoff fails to silence Egypt protests (AP) - AP - In
its effort to silence protesters, Egypt took a step that's rare even among
authoritarian governments: It cut off the Internet across the entire
country. Mubarak fires Cabinet, defends army’s efforts Sat, 29 Jan 2011 00:20:58 GMT Egyptian
President Hosni Mubarak dismisses his Cabinet, calls on the army to help put
down rising potests... Egypt's Mubarak sends in army,
resists demands to quit (Reuters) ]
Unrest in Egypt has been ongoing all week, but the
Internet only seemed to take notice when it affected the Internet. The chilling
aspect of an Internet clampdown is the assumption that lies behind it: If you
will not let your people tweet, what else will you not let them do?
Regulators
shut banks (11 so far in 2011) in Colo,
NM, Okla, Wis
The day part of the Internet died: Egypt goes dark [I disagree!
Part of the internet didn’t die, but rather the order to so darken the nation
heralded the demise, at 30 years and counting, of the so-called leadership in
the persona of Mubarak. Time for him to go! After all, he’s been in a position,
with Egypt among the only Mideast nations to have signed a peace treaty with
israel, to have stepped up with substantial credibility in taking a strong
position against israeli transgressions, violations of international law / u.n.
resolutions, war crimes, etc., which beyond soft-touch, he failed to do. And,
of all places, he sends his family to Orwellian england; he still loves those
colonial masters … how pathetic. I mean, 30 years … how free-flowing does
anyone think the election process is at this point … and one could ask the same
regarding the entrenched powers that be in pervasively corrupt, defacto
bankrupt america, to be fair. Then there’s saudi arabia; talk about do nothing
hypocrites. How does one family claim ownership of all the oil reserves of a
sovereign nation; I suspect only when foreign corporations say so. The only
Mideast nations showing backbone are Turkey, Lebanon, and Syria, and, of course
the perennially propaganda painted bad-boy Iran among possibly some of the
smaller emirates, ie., Qatar, etc., (I lack sufficient information regarding
these other nations). ] (AP) Internet cutoff fails to silence Egypt protests (AP) - AP - In
its effort to silence protesters, Egypt took a step that's rare even among
authoritarian governments: It cut off the Internet across the entire
country. Mubarak fires Cabinet, defends army’s efforts Sat, 29 Jan 2011
00:20:58 GMT Egyptian President Hosni Mubarak dismisses his Cabinet,
calls on the army to help put down rising potests... Egypt's Mubarak sends in army, resists demands to quit (Reuters) - 1 hour agoReuters - Egyptian President
Hosni Mubarak refused on Saturday to bow to demands that he resign after
ordering troops and tanks into cities in an attempt to quell an explosion of street
protests again...
Egypt
riots knock Wall St to biggest drop in 6 months (Reuters) – [ No!
That’s not correct! They probably would like you to think that … some
unforeseeable problem from out of nowhere deflating their contrived fraudulent
bubble that they always manage to sell into. But the fact is the market’s
overvalued to a point again beyond the pale … another inflated point that the
wall street frauds always seem to find some reason other than the reality of a
fraudulently manipulated overvalued bubble to sell into. ] Reuters - Stocks
suffered their biggest one-day loss in nearly six months on Friday as
anti-government rioting in Egypt prompted investors to flee to less risky
assets to ride out the turmoil.
GOP senator favors cutting US aid to Israel (AP) [ Now this is a great and long overdue idea
that might also lead to enhanced peace efforts for the region; b e c a u s e ,
israel will have less money to waste on provocative and costly (particularly to
america financially and geopolitically) war games. ] AP - Tea party-backed Republican Sen. Rand Paul favors cutting
U.S. aid to Israel as part of a deficit-driven effort to slash government
spending by $500 billion this year, drawing criticism from Dems (and capital
hill generally as Buchanan once described as israeli occupied territory, to
america’s detriment) ... Rand Paul: End Aid to
Israel Pressed on CNN’s Situation Room about details on his budget cut plans,
Sen. Rand Paul (R-Ky.) says end all foreign aid–and when pressed further says
that includes to Israel.
FCIC
Done; Lets Banksters Skate: Dave's Daily ‘The Financial
Crisis Inquiry Commission (FCIC), after months of investigation, concluded this
entire mortgage crisis was avoidable. Whew! Who knew?!? Bank stocks were up
today despite some suggestion from the commission report of some criminal
referrals. It must not have been any of Da Boyz at Goldman unless they're going
after maintenance staff. Some of the elite are getting steamed as Jamie
Dimon lost his cool while sipping Perrier at a panel in
Davos. He didn't say he was doing "God's
work," just not Satan's. Meanwhile back at
Wall & Broad markets did little overall with most excitement centered on
NFLX which beat the pants off earnings estimates and rose a modest 15%. Also
higher were semi's and GE. More POMO on Thursday which is something we'll just have to get used to until June
unless there's QE3. Economic data was disappointing as Jobless Claims soared
and Durable Goods orders fell. Pending Home Sales were high but on must wonder
how much of these were foreclosure resales as this activity reached new highs
last month. Gold was knocked down sharply through what we've estimated as technical
support as investors are scrambling out of its safe-haven appeal and into
stocks... so it's said . Most commodities were dragged lower by this action. Just at the close
MSFT reported disappointing results and after the close AMZN did the same with
the stock now down over 10% as this is written. We did an interview with Tony
Davidow, Managing Director, Portfolio Strategist, Rydex SGI Investments where we discuss equal weight sectors including their new emerging market
equal weights which should prove interesting. Volume was once again quite light
but breadth was positive per the WSJ.’
Paulson's
$5 billion payout shocks, raises questions (Reuters) [ Shock? Come on …
everyone knows that crime in america pays … and pays well! ]
Jobless
Claims Rise to Highest Level Since October [ Jobless
claims much worse than expected … stocks rally. ] NEW YORK ( TheStreet ) -- The number of Americans filing unemployment claims rose to its
highest level since October last week, the Labor Department said early
Thursday. The advance figure for seasonally adjusted initial claims increased
by 51,000 to 454,000 in the week ended Jan.22 after dropping to 403,000 in the
previous week. Economists were expecting initial claims to rise to 410,000,
according to consensus estimates from Briefing.com . The number of Americans filing continuing claims -- those who have been
receiving unemployment insurance for at least a week -- came in higher than
expected as well at 3.99 million for the week ended Jan.15, an increase of
94,000 from the previous week's revised figure of 3.89 million. Consensus
estimates projected continuing claims to drop slightly to 3.83 million from
3.86 million reported the previous week…’
Earnings Drag Dow Down to Another 12000 Closing Miss …Orders for
goods expected to last at least three years fell and a reading of manufacturing
activity in the Federal Reserve Bank of Kansas City's district slowed sharply
in January…Japan's long-term credit rating to double-A-minus from double-A,
citing concerns over the country's high debt levels…better-than-expected
reading of pending sales of existing homes (foreclosures / distressed sales –
Drudgereport: Foreclosure
activity up across metro areas... ), coupled with a surprisingly large jump in jobless
claims didn't add clarity to the economic outlook (dismal) …
Microsoft's
Windows disappoints as PC sales wane (Reuters)
Economist:
United States Worse Off than Greece Dr. Laurence Kotlikoff is an economics professor at Boston University. He
says the Treasury and the government are fudging the national debt numbers.
Kotlikoff says the United States is bankrupt and we don’t even know it.
Peter Schiff: FCIC is a
sham! The Financial Crisis
Inquiry Commission report on the 2008 financial crisis will spread the blame
all around to everyone from federal regulators to corporate overseers to all
kinds of government officials. But is it all for show? Peter Schiff, the
president of Euro Pacific Capital argued the entire commission was a $10
million sham designed to conclude the government’s own pre-conceived notions.
The report said the crisis was the result too few government regulations, when
in fact government regulations caused the problem, he contended.
US
Crisis Blame & Shame: Banksters still on Easy Street A report on causes of the recent global financial crisis
has sparked anger over the authors of the meltdown. The document released by a
US investigative commission, points finger at the country’s economic elite.
But, as RT’s Lauren Lyster reports, previous experience showed those
responsible are likely to go unpunished.
BRACE
YOURSELF: Moody’s Basically Just Threatened To Downgrade The US A day after
S&P downgraded Japan’s debt, the attention turns to the US.
Drudgereport: USA 'SECRETLY BACKS UPRISING'
Egyptian
President Mubarak asks Cabinet to resign... Tanks
Sent Into Cairo... Explosions,
Gunfire Heard as Protesters Defy Curfew... Cities
become battlegrounds... Police
members remove uniforms -- join protests... Dramatic
video as thousands clash... LIVE
STREAM... Axelrod:
Obama Has 'Directly Confronted' Mubarak for Past 2 Years 'To Get Ahead of
This'... Iran
Sees Rise of Islamic Hard-Liners in Arab Lands...
Spain
jobless rate surges to 20.33%... GDP 4TH
QTR: 3.2%... Less
than expected; stocks slide... NASDAQ
outage leaves traders scrambling...
Egyptian
Strife Sends Oil Close To $100 On Suez Canal Closure Fears...
WH:
Obama has not tried to talk to Egyptian ruler... Lobotomy
joe biden weighs in with his somewhat stretched political philosophy: Mubarak's
no dictator, shouldn't step down... Egyptian
Police Using U.S.-Made Tear Gas AgainstDemonstrators... Egypt
Shows How Easily Internet Can Be Silenced... PAPER:
Events 'moving too fast for Obama administration'... Iranian
Media Hail Egypt 'Revolution'... Thousands
protest in Jordan, demand PM step down... Huge
anti-government protest in Albania... NY
mob task force spends 6 MONTHS probing 50-cent sausage heist... As with cuomo,
you won’t see new york / mob infested new jersey trying too hard if at all to
hurt themselves by prosecuting mob which is so integrally a part of both
states… ‘On the mobbed-up docks of Bayonne , the six-month
probe was known as Operation Missing Link.Its target: A suspect who swiped a $2
bottle of iced tea and used it to wash down a stolen 50-cent piece of sausage -
the lost link that left a bad taste in everybody's mouth, sources told the
Daily News.An investigation of the penny-ante heist was ordered by the
Waterfront Commission, the agency charged with policing the docks for mob
corruption, drug smuggling and other major crimes, the sources said.The
investigation included scores of interviews over countless hours dating to last
August, sources said - even though the victim was reluctant to press
charges."It's like Capt. Queeg and the strawberries," said New
Jersey state Sen.
Raymond Lesniak , a harsh critic of the bistate commission."It's a
$2.50 ongoing investigation."One of the sources was more blunt: "The
whole investigation is bull----. It's a waste of manpower, money and
resources."Waterfront Commission General Counsel Phoebe Soriel, while
declining to address specifics, said the case was more complex than it appeared."While
the commission does not comment on pending investigations, it takes any theft
in the port seriously - especially theft involving extortion," she said
without going into detail.The reported value of the stolen goods - a handful of
change - is a microfraction of the $200 billion that moves annually through the
ports of New
York and New Jersey.The overkill began when the commission received an
anonymous tip that someone filched the drink and the sausage from a food truck
catering to dock workers.According to two sources, the case was quickly wrapped
up: The thief confessed to the crime, and the victim said an arrest was
unnecessary.The victim "didn't want to see him behind bars...just wanted
him to stop," one source said.But top commission officials, convinced its
investigators mishandled the case, ordered a second probe with every possible
witness reinterviewed, the sources said.Investigators from the 58-year-old
agency returned to the docks and conducted about 80 second interviews, all the
while cranking out piles of paperwork, the sources said.The commission was
blasted in August 2009 - one year before the sausage investigation was launched
- as home to corrupt execs barely better than the waterfront's notorious
mobsters.Officials were accused in a damning 60-page report of misusing
Homeland Security money, keeping a convicted crook in business and surfing the
Internet for porn.The iced-tea-and-sausage probe - which has yet to wrap up -
is considered an embarrassment among investigators and dock workers."They
snicker about it," one of the sources said.’
The FBI’s the only serious anti-mob game in town: FBI
'largest' Mafia takedown... Flowchart...
'Vinny
Carwash', 'The Fang', 'Tony Bagels', 'Johnny Pizza', 'Baby Shacks', 'Jack the
Wack', 'Junior Lollipops', 'Bobby Glasses'...
The
Mafia family tree: FBI flowchart reveals [ This is a very big deal! http://albertpeia.com/mafiafamilytreeflowchartFBIarrests.htm ]
Car
bomb kills dozens (Washington Post) [ Ah, yes! Signs of american style
democratization in the middle east popping out all over. The other turmoil is testament
to the fact that other mideast nations have complacently sat back as zionist
israel / american ‘adventurism / war / war crimes / war profiteering have taken
their toll on the region, their people, and their aspirations which like all
such action outside a vacuum, have reactions.
] At least 48 were killed and 121 wounded when a booby-trapped car exploded
outside a funeral tent in a Shiite neighborhood of northern Baghdad, escalating
an upsurge of violence across the country.
New
research points to earlier human migration out of Africa (Washington Post) [ This is hardly
breakthrough news inasmuch as the same has been reported with authority in as
far back as 2005 4 th edition Michael Alan Park text; viz., ‘…fossils (of) the first fully
modern Homo Sapiens are found in Africa and Southwest Asia beginning around
160,000 years ago.’ Truth be told, I find such fine lines in this truly sad
tale of the history of man to be relatively unimportant. Interestingly,
coincidentally, the Drudgereport this day includes this headline: DNA:
Humans 97% same as orangutans … 98% same as chimps ... For decades, the consensus scientific opinion has held that anatomically
modern humans first migrated out of Africa some 60,000 years ago, heading north
into the eastern Mediterranean region and then on to Europe and Asia.
Anthropologists adopt a more favorable view
of Neanderthals (Washington Post) [ Well, I’m a bit surprised and
somewhat disappointed that with a little more effort, rather than rely upon
inference, they could have taken a trip to the new york / new jersey /
connecticut metropolitan area (etc.) and observed directly these lower italian
modern-day archaic humans! Then there are the other modern day archaics /
ape-like creatures that warrant greater scrutiny. ] " What this means is that Neanderthals are not totally
extinct. In some of us, they live on ,"
Paabo … With regard to that extinction thing, I’d say they’re still working on
it (ultimately, decades, extinction, the distinction, without a
difference). Actually, prior to studying the compelling subject of
Biological Anthropology (Michael Park text), I too had some misconceptions
about the group known as Neandertals (recent spelling drops the ‘h’) and
actually mis-referenced same by the stereotypical image of members of said
clade even as the debate continues as to whether they are within the species
homo sapiens or a separate species. I believe these to be distinctions without
important differences, so humble the origins and evolution of man truly are.
Parenthetically, I wonder what that anthropological scientist Heidi Klum thinks
on the subject. Signs of Neanderthals Mating With Humans - Neanderthals mated with some modern humans after all and
left their imprint in the human genome. Genome
hints humans, Neanderthals rolled in prehistoric hay You're a Neanderthal: Genes say yes — a little bit (AP) Neanderthals
and people interbred, fossil analysis finds For more info on man’s humble beginnings, see
here http://www.albertpeia.com/anthroindex1.htm
[ I’m adding this here, having seen while flipping channels an
anthropologist talking up somewhat speciously the brain size of Neanderthals.
The important but missed point here was potential ‘brain-power’ unrealized.
Think of it this way: In the life-threateningly cold climes they inhabited,
pre-occupation with warmth, fire, wood for fire, food, mere survival usurped
all their waking moments. Have you ever tried to study, learn, think clearly
(and new thoughts / neurogenesis thereby) under such harsh and perilous
conditions; successfully? Neither could they. ]Previously
I wrote: FOUND: MISSING LINK BETWEEN APES AND MAN.... [To the Professor at the beginning of the
course]
10-5-09 Postscript: Professor *****,
[Interestingly, my intuitive (but
unstudied) thoughts prior to closer examination of the compelling subject of
Biological Anthropology remain what I believe to be the correct scenario.
Specifically, very simply stated, for the most part, the more “enlightened”
(but not by much; by mutation, accident, luck, intervention, etc.) left the
unvarying confines of their Sub-Saharan origins, experienced diverse new
environs, challenges, etc., experienced what has been described (by
neuroscientists, psychologists, etc.) as neurogenesis in varying degrees and
forms thereby over time, which trait was selected for and is consistent with
the purported multi-regional evolutionary model which does not overtly
contradict ultimately, initial African origins. Races, sub-species, missing
links, etc., are subsumed in this very humbling and sorrowful tale of the “dawn
of man”.] U.S.
must cut deficit, IMF warns (Washington Post) [ Duuuuuh! Ya’ think?
CBO:
This year's budget deficit to hit $1.5T
Washington Post (Why
the CBO may not believe all its own deficit projections Christian Science Monitor
CBO:
Social Security to run permanent deficits (AP) No
stemming red ink: Federal deficit to hit $1.5T (AP) Deficit Outlook Darkens Wall Street Journal - WASHINGTON—The federal
budget deficit will reach a record of nearly $1.5 trillion in 2011 due to the
weak economy, higher spending and fresh tax cuts, congressional budget analysts
said, ... Social Security now seen to run permanent deficits The Associated Press ) The nonpartisan budget agency
predicts the deficit will drop to $1.1 trillion next year. ]
The IMF warning comes as federal officials grapple with a congressional
projection this week that the annual deficit will reach a historic $1.5
trillion this year. This is the latest report to raise concerns about how
massive government debts in developed countries could undermine the global
economic recovery.
Report
points to U.S. regulators and big banks for economic crisis (Washington Post) [ Come on! Wake up! … ‘failed to
restrict their risky activities’ , ‘pivotal failure to stem the flow of toxic
mortgages’, etc.,… Of course not! Why? Because this was intentional and an
integral part (the bubble) of the largest fraud in the history of this world
(still ongoing with those toxic assets / paper / securities now marked to
anything as per legislated FASB rule change, cashed out by the perps, and as
yet, despite promises by wobama et als, still unprosecuted). Though among the
greediest but hardly the brightest bulbs on the planet, the wall street frauds
certainly were savy enough to understand all aspects and mechanics of this
fraud in real time. Quite simply, they did it for the money, big money. This
was a huge orchestrated securities fraud that made huge profits / gains for the
perpetrators at great expense / damage to this among other nations. ] Krauthammer: The
old Obama in new clothing (Washington
Post) [ The truly sad thing is that journalists / commentators as Mr.
Krauthammer even waste their time pointing out the obvious; viz., that wobama
is an egregiously flawed man, failed president, and a global embarrassment.
Previous: Obama,
unbending Gerson: The president's tone has changed, but he has not. (Washington Post) [ Come on! How can anyone
discuss ‘wobama the b’ (for b*** s***) as a serious ideologue when the reality
is that he’s just utter and total b*** s*** … by what he does, not what he
says … he stands for nothing! Previous: Grading
the SOTU / Robinson
(Washington Post) [ I say this sincerely and without even a tinge of sarcasm
that anyone who even watched / listened to wobama’s ‘speech’ should be
embarrassed / ashamed of themselves (not that I listened to dumbya bush’s
either). The grade is ‘f’ as in failure as is his failed presidency, as in ‘f’
himself. Wobama is but a pathetic b*** s*** artist and a total embarrassment!
Previous: Gerson: Obama,
more deficit hawk than GOP? (Washington
Post) [ Come on! Where do they get this stuff? Wobama not only continued war
criminal dumbya bush’s perpetual war, fraudulent wall street protectorate,
etc., free-spending ways, but added to the deficit in his own profligate ways;
and, as I’ve said before, democrats / republicans are but distinctions without
significant differences. Moreover, there’s the literal rearrangement of the
congressional deck-chair seating in the u.s.s. titanic halls for the non-event
state of the union (wobama the ‘b’ for b*** s***, more empty words belied by
actions / non-action) … Previous: Topic A: What
should be in State of the Union? (Washington Post) [ Well, at the very least, it should be noted that the
states of the union are crumbling (see bankruptcy headlines infra), ergo, the
state of the union is crumbling and precarious indeed. The problem with and for
wobama is that he’s been there, done that, and his words don’t match his
actions, as is so regarding his not easily forgotten campaign promises (from
perpetual wars, to no pros the frauds on wall street, to new ‘bubble building’
as in last precursor to crash supplanting sound economics. Blame it on the
teleprompter … sounds like a plan! All we really know for certain is what definitely
will not be in the state of the union; viz., a solution to pervasively corrupt,
defacto bankrupt america’s intractable decline. ] ]
Jobless
Claims Rise to Highest Level Since October [ Jobless
claims much worse than expected … stocks rally. ] NEW YORK ( TheStreet ) -- The number of Americans filing unemployment claims rose to its
highest level since October last week, the Labor Department said early
Thursday. The advance figure for seasonally adjusted initial claims increased
by 51,000 to 454,000 in the week ended Jan.22 after dropping to 403,000 in the
previous week. Economists were expecting initial claims to rise to 410,000,
according to consensus estimates from Briefing.com . The number of Americans filing continuing claims -- those who have been
receiving unemployment insurance for at least a week -- came in higher than
expected as well at 3.99 million for the week ended Jan.15, an increase of
94,000 from the previous week's revised figure of 3.89 million. Consensus
estimates projected continuing claims to drop slightly to 3.83 million from
3.86 million reported the previous week…’
Journalist
Backs Off Obama Birth Certificate Claim Kurt Nimmo | ‘Neil (a close friend of Evans) never told me there was no birth
certificate,” he told Fox News. “I never talked to him.”Journalist Mike Evans
is backing off a claim that Hawaii governor Neil Abercrombie told him he was
unable to find Obama’s original birth certificate after a search of state and
hospital archives … A former Hawaii elections clerk, Tim Adams, signed an
affidavit swearing he was told by his supervisors in Hawaii that no long-form,
hospital-generated birth certificate existed for Obama in Hawaii, according to
Jerome R. Corsi and WorldNetDaily. According to Adams, neither Queens Medical
Center nor Kapi’olani Medical Center in Honolulu had any record of Obama having
been born in their medical facilities. “Senior officers in the City and County
of Honolulu Elections Division told me on multiple occasions that no Hawaii
long-form, hospital-generated birth certificate existed for Senator Obama in
the Hawaii Department of Health,” Adams’ affidavit reads, “and there was no
record that any such document had ever been on file in the Hawaii Department of
Health or any other branch or department of the Hawaii government.”…’
Drudgereport: EGYPT ON FIRE
Egypt
rounds up Muslim Brotherhood leaders... Internet
shut down; no TWITTER, FACEBOOK... RAW
VIDEO: Unarmed protester shot dead in streets... Jobless
Claims... Rise Foreclosure
activity up across metro areas... DNA:
Humans 97% same as orangutans … 98% same as chimps ...
HE'S BACK: Rahm ruled eligible for mayoral run... Hollywood,
Jobs, Trump help Rahm haul in $10.6M … [ No
surprise here, mobster trump (how was trump missed in the recent big mafia bust
since he too is a corrupt bribe paying/receiving, drug money laundering among
other crimes, mobster), hollywood
flakes like magic mushroom eater sorkin, LSD aficionado jobs (I now realize
what that premium priced disfunctional though fanciful pizzazz of apple products that I would
refuse to pay extra for stems from-jobs says he owes it all to his LSD
use-don’t forget, apple’s protected source code, kernel, and consequent
stability existed pre-jobs and I believe, particularly after actually using an
iphone, that the same is a way to extract money from an ever increasingly
dumbed down / dumb (and I think at the least, eccentric if not obsessively
pathological if you witnessed the near compulsive use of these extraneous-rich,
in a trivially frivolous way, devices) american public by pandering to their
desire for superfluous functionality which requires additional purchases
through apple-I do give them credit for the more elaborate interface /
touchscreen and the ipad, all of which is currently being duplicated ex-apple
and presenting greater values/utility/functionality for the money-so also
credit for pioneering), zionists including spielberg, etc.; no small wonder
that chicago and the nation are down the tubes. ]
...
CBO:
This year's budget deficit to hit $1.5T
(Washington Post) [Why
the CBO may not believe all its own deficit projections Christian Science Monitor
CBO:
Social Security to run permanent deficits (AP)
] The nonpartisan budget agency
predicts the deficit will drop to $1.1 trillion next year.
U.S.
seeks balanced approach to Mideast turmoil (Washington
Post) [ Wow! Talkin’ about balance. The response might be, ‘better late than
never’, yet it won’t take long for all to figure out that balance means heavily
weighted to zionist israel / american interests which of course, ultimately at
this rate they will have none of. Indeed, america’s pro-israel stance in the
region is now as good as it gets; which ain’t too good and fading fast based on
… reality. It’s what they do, not what they say. Then there’s turmoil, and
unforgotten turmoil brought to the region courtesy of israel / american / nato
‘adventurism’ / manipulation / conflict / war which animus will linger long
after this more parochial turmoil has subsided. For america to believe the old
ways will pull through is a dream that will become a nightmare for american
aspirations in the region. ]
Federal
Reserve stays course with bond-buying plan (Washington Post) [ Plan? Did
someone say Plan? Plan for whom? If you
answered fraudulent wall you’d be correct. Anyone else, not so much!
Obama,
unbending Gerson: The president's tone has changed, but he has not. (Washington Post) [ Come on! How can anyone
discuss ‘wobama the b’ (for b*** s***) as a serious ideologue when the reality
is that he’s just utter and total b*** s*** … by what he does, not what he
says … he stands for nothing! Previous: Grading
the SOTU / Robinson
(Washington Post) [ I say this sincerely and without even a tinge of sarcasm
that anyone who even watched / listened to wobama’s ‘speech’ should be
embarrassed / ashamed of themselves (not that I listened to dumbya bush’s
either). The grade is ‘f’ as in failure as is his failed presidency, as in ‘f’
himself. Wobama is but a pathetic b*** s*** artist and a total embarrassment!
Previous: Gerson: Obama,
more deficit hawk than GOP? (Washington
Post) [ Come on! Where do they get this stuff? Wobama not only continued war
criminal dumbya bush’s perpetual war, fraudulent wall street protectorate,
etc., free-spending ways, but added to the deficit in his own profligate ways;
and, as I’ve said before, democrats / republicans are but distinctions without
significant differences. Moreover, there’s the literal rearrangement of the
congressional deck-chair seating in the u.s.s. titanic halls for the non-event
state of the union (wobama the ‘b’ for b*** s***, more empty words belied by
actions / non-action) … Previous: Topic A: What
should be in State of the Union? (Washington Post) [ Well, at the very least, it should be noted that the
states of the union are crumbling (see bankruptcy headlines infra), ergo, the
state of the union is crumbling and precarious indeed. The problem with and for
wobama is that he’s been there, done that, and his words don’t match his
actions, as is so regarding his not easily forgotten campaign promises (from
perpetual wars, to no pros the frauds on wall street, to new ‘bubble building’
as in last precursor to crash supplanting sound economics. Blame it on the
teleprompter … sounds like a plan! All we really know for certain is what
definitely will not be in the state of the union; viz., a solution to
pervasively corrupt, defacto bankrupt america’s intractable decline. ]
Samuelson: Deficit
dodgeball (Washington Post) [ In past posts I’ve disagreed with the tenor if not
substance of Mr. Samuelson’s articles, even so far, if my memory on this
unimportant point serves me, alluding to his need to bone up on basic economics
by way of that once ubiquitous Samuelson economics text (is there a familial
relation?), gently implying him to be a soft-touch / lightweight with regard to
all things economic / business; but, this really takes the cake and I find his
article, euphemistically speaking, sorely lacking. Even his dodgeball
reference, though I might be accused of nit-picking, is misplaced. This is no
game. The literal life or death of the nation is at stake. The insurmountable
debt is unsustainable. Yet, nowhere in his article is there even a mention of
the perpetual, needless wars abroad which I would argue have worsened the
nation’s security position (blowback, ill will, geopolitical antipathy, etc.).
Indeed, this huge expenditure on these needless wars is literally frittered
away and even stolen ( 360 tons of $100 bills flown into Iraq disappear, etc.),
abroad denying the economic benefits of such if spent domestically. His lip service in two words, ‘(b)
downsizing other programs, including defense’ ( and no mention of the
fraudulent wall street computerized high-frequency programmed churn-and-earn /
a negative in real economic terms) , falls short and his article is sophomoric
at best.
Drudgereport: ANALYSIS:
Obama's Plan Would Cost Another $20 Billion, Raise Taxes... Rand
Paul proposes $500 billion in federal budget cuts... OBAMA
WARNS AMERICANS: World economic rules have changed... Address viewership falls from last year... PAPER:
Spaced out speech... ROUBINI:
Spending Freeze Just 'Spare Change'...
SHOCK
CLAIM: Hawaii Gov. Admits There Are No Obama Birth Records In Hawaii... RETRACTION:
'I misspoke and I apologize,' reporter says...
STATE
OF THE UNION: 81-Year-Old Man, 75-Year-Old Wife Severely Beaten In $18 Robbery
(new york, s.i.)...
On
public investment, Republicans again show they aren't serious (Washington Post) [
I realize that Mr. Pearlstein means well and as a journalist / columnist
/ reporter he must write something; but, I take umbrage at any purported
distinctions between the two parties when measured against what they do in
broader strokes ( perpetual war, over-spending, protection for wall street
frauds, etc.) and their dissembling which I find nauseating and beyond the
pale. ] When talking about the federal
government and its budget deficit, Republican politicians love to score points
by noting that "you'd never run your household or your business that
way." Then again, you'd never run your household or your business by
ignoring investment. IED
casualties in Afghanistan spike
(Washington Post) [ Yeah! That
progress thing’s a b**ch! What do you
expect them ( Petraeus
optimistic on war ) to say? That the money spent / diverted to these
lucrative for the few war profiteers ( 360 tons of $100 bills flown into Iraq
disappear, etc.) euphemistically
misadventures has been worth the defacto bankruptcy of the nation. The
new military brass as with gates’ cia are without honor, from illegal drugs, to
illegal arms, to war crimes, etc.. ]
Home
prices fall, heightening fears of double dip (Washington Post) [ How ‘bout just one big, continuing dip except for the
protected frauds on wall street who precipitated the decline! The debt levels
are now insurmountable, the nation’s defacto bankrupt, and the ‘no recession
fed’s’ exacerbating all with there new bubble for wall street’s sake that
insiders and the frauds on wall street will sell into. ] Only four areas posted year-over-year
gains in November, including Los Angeles, San Diego, San Francisco and the
Washington region. Meyerson: On
doing business (Washington Post) [
Come on! Wake up! There isn’t one industry except entertainment (film
particularly, and of course, hands on health care) that can’t be done
substantially cheaper (if not better, and some would even argue better) in
China. That’s the fact, jack! That’s reality! That’s the structural shift
that’s been the source of all that wall street cash including huge,
disproportionately ridiculous executive pay packages (along with with wall
streets protected frauds) … you know, that great sucking sound that Ross Perot
alluded to! Grading
the SOTU / Roboinson (Washington Post) [ I say this sincerely and without even a
tinge of sarcasm that anyone who even watched / listened to wobama’s ‘speech’
should be embarrassed / ashamed of themselves (not that I listened to dumbya
bush’s either). The grade is ‘f’ as in failure as is his failed presidency, as
in ‘f’ himself. Wobama is but a pathetic b*** s*** artist and a total
embarrassment! Previous: Gerson: Obama,
more deficit hawk than GOP? (Washington Post) [ Come on! Where do
they get this stuff? Wobama not only continued war criminal dumbya bush’s
perpetual war, fraudulent wall street protectorate, etc., free-spending ways,
but added to the deficit in his own profligate ways; and, as I’ve said before,
democrats / republicans are but distinctions without significant differences.
Moreover, there’s the literal rearrangement of the congressional deck-chair
seating in the u.s.s. titanic halls for the non-event state of the union
(wobama the ‘b’ for b*** s***, more empty words belied by actions / non-action)
… Previous: Topic A: What
should be in State of the Union? (Washington Post) [ Well, at the very
least, it should be noted that the states of the union are crumbling (see
bankruptcy headlines infra), ergo, the state of the union is crumbling and
precarious indeed. The problem with and for wobama is that he’s been there,
done that, and his words don’t match his actions, as is so regarding his not
easily forgotten campaign promises (from perpetual wars, to no pros the frauds
on wall street, to new ‘bubble building’ as in last precursor to crash
supplanting sound economics. Blame it on the teleprompter … sounds like a plan!
All we really know for certain is what definitely will not be in the state of
the union; viz., a solution to pervasively corrupt, defacto bankrupt america’s
intractable decline. ]
Drudgereport: BANKRUPTCY
FOR STATES STUDIED CA
DECLARES EMERGENCY Facing
$1.6B shortfall, San Fran pays employees $170 million in bonuses...
What
Happened to 15 Million Jobs? Wall
Street's 'Bernanke' rally runs into headwinds... Home
sales hit 13-year low... UPDATE:
Hawaii governor says Obama's birth record 'exists' but can't produce it...
Obama
daughter practices Chinese with Hu... Chinese
Tiger ate US Dove for lunch...
FBI
'largest' Mafia takedown... Flowchart...
'Vinny
Carwash', 'The Fang', 'Tony Bagels', 'Johnny Pizza', 'Baby Shacks', 'Jack the
Wack', 'Junior Lollipops', 'Bobby Glasses'...
MTV
PORN: Parents Television Council Calls for Fed Investigation Into 'SKINS'... VIACOM PRESENTS: SEX AT 15! Young Star Defends
Show's Racy Content: 'It's What Teens Are Doing'... TACO BELL Pulls Ads... Teacher Suspended After 2nd
Graders 'Sex Acts In Class'... Joan Rivers calls Michelle
Obama 'Blackie O'... [ ‘Blackie O’ … Very funny! … I like that … but
don’t look for joan on ‘The View’ anytime soon, or invites from the whitehouse
either … but of course, and ‘Blackie O’ might retort that joan will be too busy
anyway, reprising the role of ‘The Joker’ in the next Batman film by the gifted
director, Christopher Nolan, with AH new Catwoman … meow! ]
] Robinson: It's hard to
argue with that speech.
Shiller Ratio Points to U.S. Equities Being Significantly
Overvalued [ Yes they are indeed;
so take this especially great opportunity to sell, take profits since there’s
much, much worse to come! That computer-programmed spike into the close to keep
suckers suckered does not change the aforesaid. ]
Stick Save Bulls: Dave's Daily - ‘The headline writers couldn't keep up with the late day "stick
save" as most had stocks down on the day. But, editors got things changed
quickly. Bulls want Dow 12,000 and with another round of POMO the easy money is there. It's not just us stating the obvious, Jeremy
Grantham's Pavlov's
Dog on QE2 [ ‘ But
be aware that you are living on borrowed time as a bull; on our data, the market
is worth about 910 on the S&P 500, substantially less than current levels,
and most risky components are even more overpriced . ‘ ] essay and even MarketWatch
discussed this with " Market
Addicted to QE ." As far as most are concerned,
even Bernanke, B still follows A and one goal of QE is to raise stock prices.
Commodity prices were lower Tuesday as oil continues to slide while precious
metals fell. Remember, it's options expiration at the COMEX Wednesday so
caution is advised. Economic data was mixed with home prices falling sharply
while Consumer Confidence beat expectations. Earnings rolled in, and with few
exceptions, continued to beat analysts' estimates by wide margins (What do they
pay these guys?) Volume improved dramatically from Monday while per the
WSJ, breadth mixed to negative.’
Can
You Hear the Waterfall? Nyaradi ‘One of the most intriguing
aspects of financial writing is the various colorful aphorisms that abound in
this business. We enjoy comments like “the trend is your friend,” and we hope
to “let our winners run” while we watch “bulls and bears” struggle for control
of the hearts and minds of the markets.One of my favorites and I think the one
most applicable for today is the concept of the “waterfall” or the “waterfall
decline.” It’s certainly a visual image and one that can clearly be seen on
charts like the recent Shanghai Composite that we’ll take a look at in a
moment. With each passing day,
the probability of a waterfall decline in U.S. markets becomes more likely… ’
Why in
the world would anyone still want to live in the state of California at this
point? Residents of California have been forced to endure a brutally
oppressive level of taxation for many years, and yet the state of California
has still managed to find itself on the verge of bankruptcy. California
Governor Jerry Brown declared a “ fiscal emergency ” in his state
on Thursday, but nobody is even pretending that such a declaration is actually
going to help matters. Brown wants to cut even deeper into the state budget
(even after tens of billions have already been slashed out of it in recent
years) and he wants to explore ways to raise even more revenue.
Meanwhile,
the standard of living in California is going right into the toilet.
Housing values are plummeting. Unemployment has risen above 20 percent in
many areas of the state. Crime and gang activity is on the rise even as
police budgets are being hacked to the bone. The health care system is an
absolute disaster. At this point California has the fewest emergency
rooms per million people out of all 50 states.
While
all of this has been going on, the state legislature in Sacramento has been
very busy passing hundreds of new laws that are mostly about promoting one
radical agenda or another. The state government has become so radically
anti-business that it is a wonder that any businesses have remained in the
state. It seems like the moving vans never stop as an endless parade of
businesses and families leave California as quickly as they can.
One of
the only things keeping the population of California relatively stable at this
point are the massive hordes of illegal immigrants that are constantly pouring
into California cities. There are certain areas of major California
cities that you simply do not ever want to go into anymore. In fact,
there are rumors that the police will not even venture into certain areas
anymore.
Traffic
in California is a bigger nightmare than it ever has been before and the state
cannot even keep up with repairing the roads and infrastructure that it already
has. There are a few areas of California where you can still see the
promise of greatness and the amazing natural beauty that once attracted tens of
millions of Americans to the state, but they are few and far between now.
At this point, most of the state is turning into one gigantic hellhole.
Perhaps
the state could have some hope of turning things around if they had some solid
leadership, but at this point the vast majority of the politicians in the state
are pushing agendas that are so “radical” (not in a good way) and so
“anti-American” that it is absolutely frightening.
Of
course on top of everything else there is the constant threat of wildfires,
mudslides and earthquakes. One day a really “big earthquake” is going to
hit, and once that happens many people believe that the geography of the state
of California could be permanently altered forever.
But
what most people are focused on right now is the horrific financial condition
that the state of California currently is in. Governor Brown recently
summarized his analysis of California’s financial condition with the following
statement: “We’ve been living in fantasy land. It is much worse than I thought.
I’m shocked.”
Yes,
things really are that bad in California.
The
following are 22 facts about California that make you wonder why anyone would
still want to live in that hellhole of a state….
#1 The California state government is facing a potential
state budget deficit of 19 billion dollars this year, and California debt is rapidly approaching junk status . One way
or another the taxpayers of California are going to have to pay for this mess
somehow.
#2 California Governor Jerry Brown recently unveiled a
“draconian” budget plan for 2011 that includes 12 billion dollars more
in spending cuts and that maintains 12 billion dollars in recent tax increases.
#3 The state of California currently has the third highest state income
tax in the nation: a 9.55% tax bracket at $47,055 and a 10.55% bracket at
$1,000,000.
#4 California has the highest state sales tax rate in the nation by
far at 8.25%. Indiana has the next highest at 7%.
#5 Residents of California pay the highest gasoline
taxes ( over 67 cents per gallon ) in the United
States.
#6 California had more foreclosure filings that any other
U.S. state in 2010. The 546,669 total foreclosure filings during
the year means that over 4 percent of all the housing units in the state of
California received a foreclosure filing at some point during 2010.
#7 Home prices in some areas of California have completely
fallen off a cliff. For example, the average home in Merced, California
has declined in value by 63 percent over the past
four years.
#8 725 new laws (most of them
either completely pointless or completely stupid) went into effect in the state
of California on January 1st.
#9 20 percent of the residents of Los Angeles
County are now receiving public aid of one kind or another.
#10 The number of people unemployed in the state of
California is approximately equal to
the populations of Nevada, New Hampshire and Vermont combined .
#11 In some areas of California, the level of unemployment
is absolutely nightmarish. For example, 24.3 percent of the
residents of El Centro, California are now unemployed.
#12 Residents of California pay some of the highest electricity
prices in the entire nation.
#13 The state of California ranks dead last out of all 50 states in the
number of emergency rooms per million people.
#14 According to one survey, approximately 1 out of
every 4 Californians under the age of 65 has absolutely no
health insurance .
#15 At one point last year it was reported that in the area
around Sacramento, California there was one closed
business for every six that were still open .
#16 In the late 70s, California was number one in per-pupil
spending on education, but now the state has fallen to 48th place .
#17 In one school district in California, children as young
as five years old are being forced to watch
propaganda films that tout the benefits of “alternative lifestyles”, and
parents are being told that no “opting out” will be permitted.
#18 The crime rate in the San Diego school system is
escalating out of control. The following is what San Diego School Police Chief
Don Braun recently told the press about the
current situation….
“Violent crime in schools has
risen 31 percent. Property crime has risen 12 percent. Weapons violations (have
gone up) almost 8 percent.”
#19 Oakland,
California Police Chief Anthony Batts announced last year that due to severe
budget cuts there are a number of crimes that his department will
simply not be able to respond to any longer . The crimes that the
Oakland police will no longer be responding to include grand theft, burglary,
car wrecks, identity theft and vandalism.
#20 Things have
gotten so bad in Stockton, California that the
police union put up a billboard with the following message: “Welcome to the 2nd
most dangerous city in California. Stop laying off cops.”
#21 During one
recent 23 year period, the state of California built 23 prisons but just one
university.
#22 The farther
you look into the future, the worse California’s financial problems become. According
to an article in the Wall Street Journal , California’s unfunded pension
liability is estimated to be somewhere between $120 billion and $500
billion at this point.
So could the state of California
actually go bankrupt?
In Washington D.C., some lawmakers are now working very hard behind the
scenes to come up with a way to allow individual U.S. states to declare
bankruptcy.
If something like that is worked out in
Washington, then certainly the state of California would potentially be one of
the first states to take advantage of it.
Unfortunately, the truth is that the
state of California is a complete and total mess at this point, and not even
bankruptcy is going to fix much.
The state has become a rotting,
festering hellhole that is getting worse by the day. Yes, some really
good people still live there, but there are some really, really good reasons
why so many people are leaving the state in droves.
But perhaps you disagree. Does
anyone want to state the case in favor of the state of California? Please
feel free to express your opinion below….’
Economy
News Nightmare: 20 Things That You Should Not Read If You Do Not Want To Become
Very Angry The Economic Collapse | Today America
is very, very frustrated. #1 Today, millions of American families are digging deep into their savings
and investments in a desperate attempt to stay afloat. Over the past two years,
U.S. consumers have withdrawn $311 billion more from savings and investment
accounts than they have put into them. #2 15 billion dollars : the total amount
of compensation that Goldman Sachs paid out to its employees for 2010. #3 The number of American families that were booted out of their homes and
into the streets set a new all-time record in 2010. #4 Dozens of packages that we buy in the supermarket have been reduced in
size by up to 20% . For example, there are now 2
less slices of cheese in a typical package of Kraft American cheese, and there
is now 9 percent less toilet paper in a typical package of Scott toilet
paper. So now, you may think that you are paying the same amount for
these items that you always have, but the truth is that you have been hit with
a large price increase. #5 One Canadian company is making a ton of money shipping “millions and millions of dollars” worth of
manufacturing equipment from factories that are being shut down in the United
States over to new factories that are being set up in China. #6 In America today, the wealthiest 20% own a whopping 93% of all the “financial assets” in the
United States. #7 Only 35 percent of Americans now have enough “emergency savings” to be able to
cover three months of living expenses. #8 47 percent of all Americans now believe that
China is the number one economic power in the world. #9 If the U.S. banking system is healthy, then why does the number of
“problem banks” continue to keep increasing? This past week the number of
U.S. banks on the unofficial list of problem banks reached 937 . #10 According to former U.S. Labor Secretary Robert Reich,
the wealthiest 0.1% of all Americans make as much money as the poorest
120 million.
#11 U.S. housing
prices have now fallen further during this
economic downturn than they did during the Great Depression of the 1930s.
#12 According to some
very disturbing new research, 45 percent of U.S. college students exhibit “ no significant gains in learning ” after two years
in college.
#13 Americans now owe
more than $884
billion on student loans, which is a new all-time record.
#14 The United
Nations says that the global price of food hit an all-time record high in December,
and the price of oil is surging towards $100 a barrel, but the U.S. government
continues to insist that we barely have any inflation at all.
#15 The more
Americans that are on food stamps the more profits that JP Morgan makes . Today, an
all-time record of 43.2 million Americans are on food stamps, and JP Morgan is
making a lot of money processing millions of those benefit payments.
#16 Back in 1970, 25
percent of all jobs in the United States were manufacturing jobs. Today, only 9
percent of the jobs in the United States are manufacturing jobs.
#17 Dozens of U.S. states are either
implementing tax increases in 2011 or are considering proposals to raise taxes.
#18 The United States
has had a negative trade deficit every single year since 1976 .
#19 The U.S. national
debt has crossed the $14 trillion mark for the first
time, and at some point during 2011 it will cross the $15 trillion mark. #20 What the U.S. economy really needs is for the government
to get off all of our backs, but instead they continue to tighten their grip on
us. In fact, the Obama administration is proposing a “ universal Internet ID ” that would
watch, track, monitor and potentially control everything that you do on the
Internet’
Drudgereport: CUT!
WHAT?! GOOGLE
Comes Under Fire for 'Secret' Relationship with NSA... IMF:
Instability Threatens Recovery... OH NO:
Price Drop Points to Likely Double Dip in Housing Market... Jobless
Rise in 20 States as Workers Still Laid Off... UK
Economy May Be Heading for Double Dip... Obama
will 'have to produce birth certificate' to run again... NYT:
Former Spy With Agenda Operates Own Private CIA... Quite serious a problem … Remember … these people really are quite
stupid but self-interested if not greedy; and, if the money’s right, they wrap
themselves in the flag and find a reason … remember ollie north who’s an
absolute dope … and there are many, many more worse than him. Then there’s
their war mongering which of course is the precursor to their war profiteering,
etc.. ]UPDATE:
Hawaii governor says Obama's birth record 'exists' but can't produce it... BACKTRACK: Now Hawaii won't release birth info... Hollywood,
Jobs, Trump help Rahm haul in $10.6M … [ No
surprise here, mobster trump (how was trump missed in the recent big mafia bust
since he too is a corrupt bribe paying/receiving, drug money laundering among
other crimes, mobster), hollywood
flakes like magic mushroom eater sorkin, LSD aficionado jobs (I now realize
what that premium priced disfunctional though fanciful pizzazz of apple products that I would
refuse to pay extra for stems from-jobs says he owes it all to his LSD
use-don’t forget, apple’s protected source code, kernel, and consequent
stability existed pre-jobs and I believe, particularly after actually using an
iphone, that the same is a way to extract money from an ever increasingly
dumbed down / dumb (and I think at the least, eccentric if not obsessively
pathological if you witnessed the near compulsive use of these extraneous-rich,
in a trivially frivolous way, devices) american public by pandering to their
desire for superfluous functionality which requires additional purchases
through apple-I do give them credit for the more elaborate interface /
touchscreen and the ipad, all of which is currently being duplicated ex-apple
and presenting greater values/utility/functionality for the money-so also
credit for pioneering), zionists including spielberg, etc.; no small wonder
that chicago and the nation are down the tubes. ]
... COURT:
Candidate 'must have actually resided' in city for 1 year before election... Plans
appeal to Illinois Supreme Court... CHICAGOLAND
SHOCK: RAHM BOOTED OFF BALLOT China
'on Collision Course' with USA... Bank
Moves to Buy U.S. Branches... Stealth
fighter 'based on crashed American plane'... Chinese
Pianist Played Anti-American Propaganda Tune at White House?
Emanuel
vows to fight ballot ruling
(Washington Post) [ Ill.
court rules on Emanuel … OPINION:
Rahm got robbed (of his and of those of his prospective booty) Drudgereport: Hollywood,
Jobs, Trump help Rahm haul in $10.6M … [ No
surprise here, mobster trump (how was trump missed in the recent big mafia bust
since he too is a corrupt bribe paying/receiving, drug money laundering among
other crimes, mobster), hollywood
flakes like magic mushroom eater sorkin, LSD aficionado jobs (I now realize
what that premium priced disfunctional though fanciful pizzazz of apple products that I would
refuse to pay extra for stems from-jobs says he owes it all to his LSD
use-don’t forget, apple’s protected source code, kernel, and consequent
stability existed pre-jobs and I believe, particularly after actually using an
iphone, that the same is a way to extract money from an ever increasingly
dumbed down / dumb (and I think at the least, eccentric if not obsessively
pathological if you witnessed the near compulsive use of these extraneous-rich,
in a trivially frivolous way, devices) american public by pandering to their
desire for superfluous functionality which requires additional purchases
through apple-I do give them credit for the more elaborate interface /
touchscreen and the ipad, all of which is currently being duplicated ex-apple
and presenting greater value/utility/functionality for the money-so also credit
for pioneering), zionists including spielberg, etc.; no small wonder that
chicago and the nation are down the tubes. ] ... COURT:
Candidate 'must have actually resided' in city for 1 year before election... Plans
appeal to Illinois Supreme Court... CHICAGOLAND
SHOCK: RAHM BOOTED OFF BALLOT China
'on Collision Course' with USA... Bank
Moves to Buy U.S. Branches... Stealth
fighter 'based on crashed American plane'... Chinese
Pianist Played Anti-American Propaganda Tune at White House? NYT:
Former Spy With Agenda Operates Own Private CIA... Quite serious a problem … Remember … these people really are quite
stupid but self-interested if not greedy; and, if the money’s right, they wrap
themselves in the flag and find a reason … remember ollie north who’s an
absolute dope … and there are many, many more worse than him. Then there’s
their war mongering which of course is the precursor to their war profiteering,
etc.. ]UPDATE:
Hawaii governor says Obama's birth record 'exists' but can't produce it... BACKTRACK: Now Hawaii won't release birth info...
Hezbollah-backed
candidate has votes to become prime minister (Washington Post) [ Now who could
possibly deny the rationality of the Lebanese wisdom of a leader that puts not
war crimes nations israel / u.s. and nato allies interests, but rather the
interests of Lebanon and the Lebanese people first beyond words and propaganda
based on what they do; ie., most recent of many in the region: US-led
airstrikes kill Afghan civilians 1-24-11Two separate airstrikes by US-led
foreign forces have killed at least five civilians and wounded several others
in various parts of Afghanistan. ] BEIRUT - The Shiite armed movement Hezbollah
on Monday had the support needed for its candidate to become Lebanon's prime
minister, effectively ending the Western-backed rule of U.S. allies who came to
power more than five years ago.
Obama
won't endorse Social Security cuts (Washington Post) [ Is that written in stone? Does that mean
veto? Is this failed presidency pre-election year desperation? Where will the
cuts come from for ‘deficit reduction’? What does the teleprompter say? For
some, social security is all they have, many corporate pensions underfunded,
defunct from bankruptcies, non-existent, etc.. Now there is a very rich pension
fund that the citizens have paid for and does have a lot of fat for cutting;
viz., Wikipedia: ‘Congressional pension is a pension made available
to members of the United States Congress . Members who
participated in the congressional pension system are vested after five (5)
years of service. A full pension is available to Members 62 years of age with 5
years of service; 50 years or older with 20 years of service; or 25 years of
service at any age. A reduced pension is available depending upon which of
several different age/service options is chosen. If Members leave Congress
before reaching retirement age, they may leave their contributions behind and
receive a deferred pension later. [1] ’ … (note the
following example from their site is from 2000 and hence, with their regular
raises for jobs poorly done, the figures are much higher now – also note the
very favorable vesting provision of 5 years)
official site: ‘ Members of Congress are eligible
for a pension at age 62 if they have completed at least five years of service.
They are eligible for a pension at age 50 if they have completed 20 years of
service, or at any age after completing 25 years of service. The amount of the
pension depends on years of service and the average of the highest three years
of salary. By law, the starting amount of a member’s retirement annuity may not
exceed 80 percent of his or her final salary. As of October 1, 2000, the
average annual pension for members of Congress who have retired under CSRS is
$52,464, and $46,932 for retirees under FERS-only or both FERS/CSRS. ‘ ]
Economic
policy stuck in reverse (Washington
Post) Jeff Sessions | Opinion We have seen no real plan, no strong leadership, no
apparent willingness to confront the growing danger on the horizon. [ Mr.
Sessions is right on target and for me to comment further would only take away
time from the ‘must read’ substantive article by Mr. Sessions! ]
Gerson: Obama,
more deficit hawk than GOP? (Washington Post) [ Come on! Where do
they get this stuff? Wobama not only continued war criminal dumbya bush’s
perpetual war, fraudulent wall street protectorate, etc., free-spending ways,
but added to the deficit in his own profligate ways; and, as I’ve said before,
democrats / republicans are but distinctions without significant differences.
Moreover, there’s the literal rearrangement of the congressional deck-chair seating
in the u.s.s. titanic halls for the non-event state of the union (wobama the
‘b’ for b*** s***, more empty words belied by actions / non-action) … Previous:
Topic A: What
should be in State of the Union? (Washington Post) [ Well, at the very
least, it should be noted that the states of the union are crumbling (see
bankruptcy headlines infra), ergo, the state of the union is crumbling and
precarious indeed. The problem with and for wobama is that he’s been there,
done that, and his words don’t match his actions, as is so regarding his not
easily forgotten campaign promises (from perpetual wars, to no pros the frauds
on wall street, to new ‘bubble building’ as in last precursor to crash
supplanting sound economics. Blame it on the teleprompter … sounds like a plan!
All we really know for certain is what definitely will not be in the state of
the union; viz., a solution to pervasively corrupt, defacto bankrupt america’s
intractable decline. ]
Drudgereport: BANKRUPTCY
FOR STATES STUDIED CA DECLARES
EMERGENCY Facing
$1.6B shortfall, San Fran pays employees $170 million in bonuses...
What
Happened to 15 Million Jobs? Wall
Street's 'Bernanke' rally runs into headwinds... Home
sales hit 13-year low... UPDATE:
Hawaii governor says Obama's birth record 'exists' but can't produce it...
Obama
daughter practices Chinese with Hu... Chinese
Tiger ate US Dove for lunch...
FBI
'largest' Mafia takedown... Flowchart...
'Vinny
Carwash', 'The Fang', 'Tony Bagels', 'Johnny Pizza', 'Baby Shacks', 'Jack the
Wack', 'Junior Lollipops', 'Bobby Glasses'...
MTV
PORN: Parents Television Council Calls for Fed Investigation Into 'SKINS'... VIACOM
PRESENTS: SEX AT 15! Young Star Defends Show's Racy Content: 'It's What Teens Are
Doing'... TACO
BELL Pulls Ads... Teacher
Suspended After 2nd Graders 'Sex Acts In Class'... Joan
Rivers calls Michelle Obama 'Blackie O'... [ ‘Blackie O’ … Very
funny! … I like that … but don’t look for joan on ‘The View’ anytime soon, or
invites from the whitehouse either … but of course, and ‘Blackie O’ might
retort that joan will be too busy anyway, reprising the role of ‘The Joker’ in
the next Batman film by the gifted director, Christopher Nolan, with AH new
Catwoman … meow! ]
]
Shiller Ratio Points to U.S. Equities Being Significantly
Overvalued [ Yes they are indeed;
so take this especially great opportunity to sell, take profits since there’s
much, much worse to come! ]
Topic A: What
should be in State of the Union? (Washington Post) [ Well, at the very
least, it should be noted that the states of the union are crumbling (see
bankruptcy headlines infra), ergo, the state of the union is crumbling and
precarious indeed. The problem with and for wobama is that he’s been there,
done that, and his words don’t match his actions, as is so regarding his not
easily forgotten campaign promises (from perpetual wars, to no pros the frauds
on wall street, to new ‘bubble building’ as in last precursor to crash
supplanting sound economics. Blame it on the teleprompter … sounds like a plan!
All we really know for certain is what definitely will not be in the state of
the union; viz., a solution to pervasively corrupt, defacto bankrupt america’s
intractable decline. ]
Drudgereport: BANKRUPTCY
FOR STATES STUDIED CA
DECLARES EMERGENCY Facing
$1.6B shortfall, San Fran pays employees $170 million in bonuses...
What
Happened to 15 Million Jobs? Wall
Street's 'Bernanke' rally runs into headwinds... Home
sales hit 13-year low... UPDATE:
Hawaii governor says Obama's birth record 'exists' but can't produce it...
Obama
daughter practices Chinese with Hu... Chinese
Tiger ate US Dove for lunch...
FBI
'largest' Mafia takedown... Flowchart...
'Vinny
Carwash', 'The Fang', 'Tony Bagels', 'Johnny Pizza', 'Baby Shacks', 'Jack the
Wack', 'Junior Lollipops', 'Bobby Glasses'...
MTV
PORN: Parents Television Council Calls for Fed Investigation Into 'SKINS'... VIACOM
PRESENTS: SEX AT 15! Young Star Defends Show's Racy Content: 'It's What Teens Are
Doing'... TACO
BELL Pulls Ads... Teacher
Suspended After 2nd Graders 'Sex Acts In Class'... Joan
Rivers calls Michelle Obama 'Blackie O'... [ ‘Blackie O’ … Very
funny! … I like that … but don’t look for joan on ‘The View’ anytime soon, or
invites from the whitehouse either … but of course, and ‘Blackie O’ might
retort that joan will be too busy anyway, reprising the role of ‘The Joker’ in
the next Batman film by the gifted director, Christopher Nolan, with AH new
Catwoman … meow! ]
“All
In All It Appears That Eisenhower’s Worst Fears Have Been Realized And His
Remarkable And Unique Warnings Given For Naught” [ I personally believe, and the factual,
historical realities support that President General Eisenhower is without
question the most under-rated president in america’s short-lived history. Is
there anyone who foolishly would believe this man of honor, the quintessential
General / Commander in Chief would be sacrificing lives (american among many
others) and treasury for the sake of war profiteers, greed, fraud, etc., as
now? ] President Eisenhower’s warned us
about the growing threat from the powerful military-industrial complex – and
it’s threat to our prosperity – 50 years ago. A
new culture war Milbank:
Are GOP spending cuts about the deficit or settling old scores? (Washington
Post) [ What does it matter at this point. Who cares about motives at this too
little, too late juncture. Come on! Wake up! Culture wars? Who cares. That
should be the least of the wars and worries.The nation is defacto bankrupt. The
states are also defacto bankrupt. They’re talking about bankruptcy enabling
legislation for the states. There are many cities and municipalities in the
states are defacto bankrupt (they can declare bankruptcy as the law currently
stands). NYT
Reports States Looking For Ways To File Bankruptcy, Muni Bondholders To Be GMed
A few days ago we reported that Newt Gingrich was
pushing for legislation to allow states to file for bankruptcy, “allowing Them
To Renege On Pension And Benefit Obligations.” Path
Is Sought for States to Escape Debt Burdens Policy
makers are working behind the scenes to come up with a way to let states
declare bankruptcy and get out from under crushing debts. Drudgereport: BANKRUPTCY FOR STATES STUDIED CA DECLARES EMERGENCY Facing $1.6B shortfall, San
Fran pays employees $170 million in bonuses... From
tonight’s
NYT : Beyond their short-term budget gaps, some
states have deep structural problems, like insolvent pension funds, that are
diverting money from essential public services like education and health care.
Some members of Congress fear that it is just a matter of time before a state
seeks a bailout, say bankruptcy lawyers who have been consulted by
Congressional aides…’ ] Hezbollah
gets support of Druze leader (Washington Post) [ Is this a direct
outcome and consequence of israeli belligerence, war crimes, and america’s
alliance with and hence, apparent endorsement of such by america which also has
bloodstained hands from numerous civilian deaths in the region. Yes! After all,
no one would reasonably deny Hezbollah’s a**-kicking of israel in their fairly
recent ‘encounter’. ] The armed Shiite movement received a major boost in its
efforts to form a new government in Lebanon when a potential kingmaker swung
his support behind the group and its allies.
A
dim view of America's ability to compete in global economy (Washington Post) [ Yeah … and I’d say, realistically
speaking, that ‘slightly more than a third’ are wrong. It’s a bit late in the
game to be lamenting irrevocable choices, decisions made, mostly for money to
the interested few and the frauds on wall street who cheered. This and worse
coming is what it is and more importantly, the way it is. Fait accomplis, not
for better or for worse, but realistically unlike never before in america’s
short history, for much worse. ] Barely
more than a third of all Americans rate the country's ability to compete
economically in positive terms, according to a new Washington Post poll. Bank
of America posts $1.2B loss for fourth quarter of 2010 (Washington Post) [ Today (after the wall street close)
: Four U.S. bank failures bring year's total to 7 Could it be …
BofA ‘hearing footsteps’? … Naaah … they’re too big to fail. ] The toll from the housing crisis could
continue to drain billions of dollars from nation's largest bank. Drudgereport: BANKRUPTCY FOR STATES STUDIED CA DECLARES EMERGENCY Facing $1.6B shortfall, San
Fran pays employees $170 million in bonuses... From tonight’s
NYT : Beyond their
short-term budget gaps, some states have deep structural problems, like
insolvent pension funds, that are diverting money from essential public
services like education and health care. Some members of Congress fear that it
is just a matter of time before a state seeks a bailout, say bankruptcy lawyers
who have been consulted by Congressional aides…’
“All
In All It Appears That Eisenhower’s Worst Fears Have Been Realized And His
Remarkable And Unique Warnings Given For Naught” [ I personally
believe, and the factual, historical realities support that President General
Eisenhower is without question the most under-rated president in america’s
short-lived history. Is there anyone who foolishly would believe this man of
honor, the quintessential General / Commander in Chief would be sacrificing
lives (american among many others) and treasury for the sake of war profiteers,
greed, fraud, etc., as now? ] President
Eisenhower’s warned us about the growing threat from the powerful
military-industrial complex – and it’s threat to our prosperity – 50 years ago.
Drudgereport: BANKRUPTCY
FOR STATES STUDIED CA DECLARES
EMERGENCY Facing
$1.6B shortfall, San Fran pays employees $170 million in bonuses...
What
Happened to 15 Million Jobs? Wall
Street's 'Bernanke' rally runs into headwinds... Home
sales hit 13-year low... UPDATE:
Hawaii governor says Obama's birth record 'exists' but can't produce it...
Obama
daughter practices Chinese with Hu... Chinese
Tiger ate US Dove for lunch...
FBI
'largest' Mafia takedown... Flowchart...
'Vinny
Carwash', 'The Fang', 'Tony Bagels', 'Johnny Pizza', 'Baby Shacks', 'Jack the
Wack', 'Junior Lollipops', 'Bobby Glasses'...
MTV
PORN: Parents Television Council Calls for Fed Investigation Into 'SKINS'... VIACOM
PRESENTS: SEX AT 15! Young Star Defends Show's Racy Content: 'It's What Teens Are
Doing'... TACO
BELL Pulls Ads... Teacher
Suspended After 2nd Graders 'Sex Acts In Class'... Joan Rivers calls Michelle
Obama 'Blackie O'...
Largest-ever
Mafia sweep makes nearly 120 arrests (Washington
Post) [ Geeh! Who woulda’ thunk it … still mafia in new york ( jersey )? Why,
with all the prosecutions by gov. elect cuomo as n.y. attorney general (aught,
naught, nil, nought, none, nada, null, zilch) one might have thought there was
almost no such thing of mafia in new york (/ new jersey – same no pros
scenario) anymore. Then again, former n.y. gov. mario cuomo’s primary sole law
practice client(s), cement and concrete … well, if only the name was vito
corleone and as with 1 client tom hagen of ‘godfather’ fame … well, you get the
picture. Drudgereport:
FBI Rounds Up 127 Mobsters in
Biggest Mafia Bust in New York History…( This is great news and music to my
ears! I really hate the mob … I really do! Hats off to the FBI! ) ... MOB Bust So BIG they're being
held at ARMY Fort... ] Federal and state agents arrested nearly 130
reputed mafia members from seven East Coast organized crime families on
Thursday, the largest coordinated arrest in the FBI's quarter-century crackdown
on the mafia, the Justice Department said. Karzai delays parliament's inauguration as court
investigates electoral fraud (Washington Post) [ Pervasively
corrupt, defacto bankrupt american-style democracies and heroin production
breakin’ out all over the american mideast war zone. ] Fed
sees mixed picture (Washington
Post) [ ‘Mixed picture’ … there you go … kind of covers all bases … not like
their absolute ‘no recession’ prognostication (which great recession /
depression continues in real terms when you take out, look through the
worthless paper (currency, assets, securities, etc.), obfuscation and b***
s***. Unnerving? Well, the grim reality does bite; but, I’m not so sure they
even see it, or more likely, they choose not to look. Nerve? Yes, I’d say
they’ve got nerve … as in gall, audacity, chutzpah, etc., for foisting off on
america (and the world) this ultimately disasterous wall street welfare
program. ] As the Fed gears up for its first meeting of 2011, policymakers are
trying to make sense of an economic picture that is encouraging yet unnerving. First
lady, Wal-Mart partner on healthy foods program (Washington Post) [ Of wal-mart’s (and wall street’s)
rise, and main street’s (and america’s) demise; the story goes something like
this. As China’s american based seminal sales agent / distributor of Chinese
goods (cheered by fraudulent wall street), wal-mart is well positioned to
assist in american dietary matters; as, for example, the less to no food diet,
as in increasingly impoverished, defacto bankrupt america eating less because
they no longer can afford more (on bushes, clintons, wobamas, etc.). ] As the world's largest retailer, Wal-Mart
is in a unique position to influence the practices of suppliers. Hu
offers assurances to U.S. business leaders (Washington Post) [‘Chinese leader presses Congress to do more to lift
U.S. controls on exports to China’. Yeah! Sounds like a plan! After all,
they’ve gotten everything else, including some of that top-level-security stuff
(remember that missile guidance tech, etc.), and not surreptitiously. All out
in the spankin’ wide open as america (n execs, political and corporate) ‘took
the dive for that short-end money (but lots) and a one-way ticket to
palooka-ville’! ] In a speech, Chinese
leader presses Congress to do more to lift U.S. controls on exports to China. U.S.
Supreme Court Issues Landmark Decision: Constitution is Void PRNewswire-USNewswire | Landmark
decision that serves to allow judges to void the Constitution in their
courtrooms. ’ The U.S. Supreme Court issued a landmark decision that serves to
allow judges to void the Constitution in their courtrooms. The decision was
issued on January 18, 2011, and the Court did not even explain the decision
(Docket No. 10-632, 10-633, and 10-690). One word decisions: DENIED.Presented
with this information and massive proof that was not contested in any manner by
the accused judges, at least six of the justices voted to deny the
petitions:“There is no legal or factual basis whatsoever for the decisions of
the lower courts in this matter. These rulings were issued for corrupt reasons.
Many of the judges in the Northern District of Georgia and the Eleventh Circuit
are corrupt and violate laws and rules, as they have done in this case. The
Supreme Court must recognize this Petition as one of the most serious matters
ever presented to this Court.” ‘The key questions answered negatively by the
U.S. Supreme Court was: “Whether federal courts must be stopped from operating
corruptly and ignoring all laws, rules, and facts.” Windsor says: "I have
discovered that the federal judges in Atlanta,
Georgia , Washington, DC , and the
justices of the United States Supreme Court function like common criminals
intentionally making bogus rulings against honest people while covering up the
crimes of their fellow judges. I have been contacted by people from all
over the country and around the world with their stories of judicial corruption
with judges all over the U.S."My charges have been totally ignored by the United States Attorney's Office, the FBI, and Congress. I do not
believe there is a shred of decency, honesty, or Constitutional rights in our
federal courts. In my opinion, we now live in a police state.
Judges are free to do absolutely anything they want. Our laws are
meaningless. Your life savings can be stolen by a federal judge, and they
have no risk in violating every law in the books."In my opinion, this is
the most serious issue that our country has ever faced. Our rights have
been stolen. And the mainstream media refuses to cover this story because
they are afraid of the judges. Heaven help us."I believe our only
hope in America is if the masses become aware of what is taking place. I
am writing an expose, and my book will be available at Borders, Barnes &
Noble, and on amazon.com soon. The publisher will decide if the title is Lawless America or Screwed, Glued,
and Tattooed ." For more information, see www.LawlessAmerica.com .’
Drudgereport: FBI
Rounds Up 127 Mobsters in Biggest Mafia Bust in New York History…( This is
great news and music to my ears! I really hate the mob … I really do! Hats off
to the FBI! ) ... MOB
Bust So BIG they're being held at ARMY Fort...
Tucson
restaurant to offer African lion tacos…..( Which pretty much helps explain the
mass shooting there! )...
House
GOP Lists $2.5 Trillion in Spending Cuts... China:
USA #1 no more... GE
CEO: China one day will be world's biggest economy... A
day after cutting $19B deal with China, Boeing slashes 1,100 US jobs... US
Stocks slide on fears of Chinese rate hike...
Obama:
'We Welcome China's Rise'...
Zimbabwe
mulls treason charges over WIKILEAKS … (Now what nation would want to be on the
same side of an issue as mugabe’s zimbabwe?)...
Currency system 'product of the past'... HU QUESTIONS FUTURE OF DOLLAR RISING
DRAGON: China on equal footing with USA as Hu visits Washington... GE
CEO: China one day will be world's biggest economy… daaaaah! ... Obama:
'We Welcome China's Rise'... Careful
to avoid criticism... HOUSE
VOTES TO REPEAL HEALTHCARE LAW... Dem
Compares Republicans to Nazis during debate... 26
states join suit against law... SHOCK
CLAIM: World needs $100 TRILLION more credit, says World Economic Forum... Japan
hits 'critical point' on state debt... APPLE
faces pollution storm in China... ‘A group of 36 Chinese environmental
groups has accused Apple of failing to
address concerns over pollution and worker health issues in factories supplying
components for its gadgets…’ Home
building stuck near 50 year lows... CASHOUT:
Daley Files to Sell $8.3 Million JPMORGAN Shares After Joining Obama Team... Taiwanese
mock meeting w/ video cartoon... Missiles
off target in major Taiwan drill... China
'got stealth tech from Russia'... GE
to sign slew of China deals... 'Experience
China' takes over NYC's Times Square... PEW:
65% see China as an 'adversary' or 'serious problem'... STUXNET
WORM USED AGAINST IRAN WAS TESTED IN ISRAEL... Three
U.S. Soldiers Killed in Iraq... GALLUP:
U.S. Satisfaction Remains Near 12-Month Low... CBS
POLL: 77% say cut spending; only 9% say raise taxes... States
Warned of $2.5 Trillion
Pensions Shortfall... Schwarzenegger:
I Was 'Addicted' To Being Governor... Comprehensive
List of Tax Hikes in Obamacare... Republican
senator sees bipartisan agreement on debt ceiling … (no surprise here; after
all, they have to get paid…for what?…more and more people are asking the
question - all three branches including
the toy soldiers for perpetual war and illegal drugs / arms ops) ... Obama
Gives Communist Leader Lavish State Dinner... China
lending hits new heights; Funding to poor states (that includes defacto
bankrupt america) tops World Bank... RISE
OF RED DRAGON: CHINA SHAPES WORLD Jobs
Takes Medical Leave... House panel wants Homeland Security documents... GALLUP:
U.S. Satisfaction Remains Near 12-Month Low... Ahmadinejad,
Medvedev agree to boost ties... Moscow
reaffirms Soviet recognition of Palestine... Camden,
NJ braces for deep police, fire cuts...
Wall
Street firm targets District-based energy practice (Washington Post) [ From one corrupt sinkhole (d.c. /
no. virginia) to another, perhaps the largest ( wall street/new york/jersey/ct.
metro); ho, hum. The pervasively corrupt american illegal
system … corrupt u.s. courts / (lawyers) / judges: Their lifetime plush appointments
should be abolished, which corrupt entities are unheard of in productive
societies as China, Japan, etc.. Time to abolish these drags on society and
eliminate their lifetime stipends and costly bureaucracies. Rules of law mean
nothing to these typically corrupt americans. Most, including sam alito of the
u.s. supreme court, concerning drug money laundering and obstruction of
justice in the 3 rd circuit ( also
maryanne trump barry who covered-up drug money laundering through her brother’s
casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it for the money,
personal money, big, cash, untraceable money. The fog of war is great for such
things (360 tons $100 bills flown into Iraq and missing, etc.). Israeli
human rights groups sound alarm (Washington Post) [ As indeed they
should! As a war crimes nation along with pervasively corrupt, defacto bankrupt
america, israel has much to lose by exposure of their pervasive crimes though
the entire world is aware of same including illegal nukes! … Ie., Accountability is unclear in israeli probe of flotilla
raid ( Washington Post ) Oh, come on! An israeli probe of an
israeli massacre of civilians. Time for israel to pay; for illegal nukes, for
violations of international law, for continued violations of u.n. resolutions,
for provocations as pretexts to sabotage peace talks, and on and on ad nauseum.
Why does america among other nations feel compelled to sacrifice themselves for
the sake of a global criminal nation with an insatiable greed and blood-thirst
as israel? ] An initiative in the Israeli parliament
this month to investigate the funding of local human rights organizations has
intensified debate here about the role of the groups, which critics have
accused of harming Israel.
Goldman
Sachs's profit drops by 52% in Q4 (Washington Post) [ Before
everyone starts shedding tears, let’s realize that those bonuses and
compensation packages come off the top… Bank
giant Goldman rewards staff with €11.4bn Independent.ie | Wall Street banking giant Goldman Sachs revealed today that staff
earned a total of $15.4bn (€11.4bn) in pay and bonuses last year. ]
The decline in Goldman's bottom line is all the more striking because it
contrasts with huge gains at other financial firms. As the financial sector
continues to climb out of a historic hole, the numbers reflect a divide between
Wall Street and Main Street. [Previous:
… Jobless
rate jumps as hiring slows (Washington
Post) [ The reality is not a mystery!
The nation’s been thrown under the bus for the greater good (wealth) of the
very few (frauds on wall street, etc.);
wall street giving out record
bonuses from their accomplished fraud (with no-recession b.s. bernanke help) of
$144 BILLION: Come on! This is gettin’ even more downright ridiculous (if
that’s even possible)! Pending home foreclosure / distress sales up, oil prices
(and oil stocks) up, debased dollar down, plus a little familiar ‘better than
expected’ thrown in along with prospects of a ‘no-recession bernanke’
market-frothing bull session on 60 minutes and, voila, suckers’ rally into the
close to keep the suckers suckered! What’s good for the frauds on wall street
is bad for just about everyone else which includes the vast majority of people
and businesses, domestically and globally, as current dollar manipulation /
debasement ultimately results in higher costs and loss of purchasing power
(ie., oil, etc.). Clearly, this is one of those fraudulent wealth transfers to
the frauds on wall street et als which will ultimately be paid for by those who
least are in a position to afford it, courtesy of the ever more worthless
Weimar dollar, etc., inflating earnings, eps, lowering p/e multiples, etc., see
infra. This is an especially great time to sell / take profits while you can
since there's much worse to come! Previous: Rosy numbers on consumer sentiment,
unemployment (far better than private forecasts) from the government prior to
the holiday so-called ‘shop till you drop’? How can anyone believe anything
they say? Najerian interviewed by Motek chimes in with the reason for good
retail cheer; viz., people have stopped paying their mortgages and are using
the funds to purchase retail goods; while Davidowitz adds that with record
numbers of americans on food stamps, real unemployment at 17+, and wall street
giving out record bonuses from their accomplished fraud (with no-recession b.s.
bernanke help) of $144 BILLION … the
high end stores / jewelers will do well … daaaaah! And, with insiders and wall street frauds selling into the bubble
as preceded last crash, this is an especially great opportunity to sell / take
profits! ] Obama
presses (as in pressing Mr. Hu’s pants) Chinese leader on rights At
summit, Hu admits his nation needs to make more progress (Washington Post) [ Riiiiight! … Mr. Hu says
with utmost sarcasm to continued perpetual war president, in the mold of dumbya
bush though national u.s. defacto bankruptcy, viz., ‘wobama the b (for b***
s***)’. White
House more hard-nosed about Chinese government / Hu
to face a tougher Obama administration (Washington Post) [ Please … don’t make
me laugh … and, are you sure you didn’t mean more ‘brown-nosed’ about the
Chinese government. This is starting to sound like seed material for the
Weekend Update SNL skit segment, ‘REALLY’. I mean, really. Does anybody believe
this? Come on … I don’t think so! ] Analysts say President Hu Jintao is eager
to burnish his legacy, but he will find a White House that views his government
with misgivings.] [Drudgereport: Currency system 'product of the past'... HU QUESTIONS FUTURE OF DOLLAR RISING
DRAGON: China on equal footing with USA as Hu visits Washington... GE
CEO: China one day will be world's biggest economy… daaaaah! ... Obama:
'We Welcome China's Rise'... Careful
to avoid criticism... ]
President urges counterpart to allow more freedom and open a real
dialogue with the Dalai Lama, and raises the case of imprisoned Nobel winner.
White
House more hard-nosed about Chinese government / Hu
to face a tougher Obama administration (Washington Post) [ Please … don’t make
me laugh … and, are you sure you didn’t mean more ‘brown-nosed’ about the
Chinese government. This is starting to sound like seed material for the
Weekend Update SNL skit segment, ‘REALLY’. I mean, really. Does anybody believe
this? Come on … I don’t think so! ] Analysts say President Hu Jintao is eager
to burnish his legacy, but he will find a White House that views his government
with misgivings.
Concerns rise over Afghan forces (Washington Post) [ Well, to their credit, at least the
Afghans purport to know how to count which of course is something lost on
defacto bankrupt america and so-called ‘coalition’ members. After all, there
will come a time when this military apparatus will say, pay / feed me, at which
point the reply will be, with what, at which point, obfuscated or not, all hell
breaks loose. ] Proposed
sale of land stokes anti-Chinese views Job creation seen as key to China's
investment in U.S. (Washington
Post) [ Boy, you can’t make this stuff up! Talk about coming full circle. I
think Japan and the u.s. are constrained to start getting used to it. From
scourge for taking jobs to now prospective savior for potentially creating
them, I’d say communist China’s in the catbird’s seat as defacto bankrupt
america pounds salt and fritters away money she doesn’t have in perpetual
needless wars in the mideast, etc.. ] Obama
to feds: Cut the red tape (Washington
Post) [ Riiiiight! That red tape thing … you know, as in laws, regulations that
rein in corrupt, illegal, fraudulent behavior … Heck, we all know they’re not
enforced anyway; ie., still no pros of the frauds on wall street, plus
legislative help to cover-up their gargantuan past (and ongoing) crimes by way
of mark to anything FASB rule change for those worthless toxic paper assets
from the last fraud, etc.. Yes … change, as in change change by the man of
change, changer wobama the ‘b’ for b*** s***!. After all, the next election
cycle will be gearing up and those campaign funds need replenishin’. Sounds
like a plan. ] Steve
Jobs Your Take: Apple
without Steve Jobs (Washington Post) [ Yeah! It’s quite
difficult to imagine in any positive sense. Indeed, there was a feeding frenzy
among the dinosaurs (ie., microsoft, et als) purportedly owing to the absence
of the 800 pound gorilla (Apple – far advanced in evolutionary terms) which
according to the frauds on wall street should benefit the dinosaurs, spiking
their share prices (unlike when gates, who just loved that archaic BASIC
programming language to death, etc., left; and then the notorious problems with
that ‘ms kernel’ that only people who know, KNOW). Jobs indeed will be sorely
missed! ] [ It
should be noted that the paranoid american criminals have once again, this time
by way of hack via microsoft (willing
accomplice as was att of jersey / dumbya bushland – deleted / I caught the
problem and have also installed opensource.org which I strongly recommend (at
least a look – won’t disappoint – I used same for the archived PDF post files)
is free and a breeze to use and though compatible with word and a multitude of
other formats, for now on these specific web site documents (I have image
folders already linked which would require at least a look) it’s easier and
faster for the time-being for me to add to the existing documents with word;
but as is so of america, microsoft’s a dinosaur) gave me a few problems,
serious enough to require a redo, which I have corrected / overcome; but
believe me, I won’t forget it! They will be sorry! ]
States
Warned of $2 Trillion Pensions Shortfall [ This is a very big deal! ] US public pensions face a shortfall of $2,500
billion that will force state and local governments to sell assets and make
deep cuts to services, according to the former chairman of New Jersey’s pension
fund. Afghan drug war stumbles (Washington Post) [ Stumbles? As in ‘accidently on
purpose’? Or, alternatively, among the few american wars that never was. After
all, the Taliban had all but eradicated the heroin trade. Moreover,
post-invasion, bush’s order to destroy the poppy fields was countermanded by
the pentagon and of course, not by chance, the heroin production / trade in
Afghanistan has been reinvigorated, resurgent, and never been greater (the
substantial raison d’etre for u.s. war / occupation there – that ‘benefiting
the few’ thang – as in Vietnam where body bags of dead u.s. soldiers were used
by u.s. ops, cia, etc., to smuggle the heroin out). The tenor of this article
is an insult to intelligence everywhere.
] Rendition:
Where the War on Terror Meets the War on Drugs Patrick Henningsen | It’s time to ditch
the policies we have come to tolerate for decades before they consume what is
left of our moral core. I’ve experienced the corrupt inter-relationship of the
government (all 3 corrupt branches) and the illegal drug trade / obstruction of
justice / bribery first hand, particularly the courts / u.s. attorneys offices
(ie., alito – now u.s. supreme court justice – quid pro quo for his complicity
/ cover-up), feds; see immediately after article excerpt for links / summary. …“Evidence points to
aircraft – familiarly known as “torture taxis” – used by the CIA to move
captives seized in its kidnapping or “extraordinary rendition” operations
through Gatwick and other airports in the EU being simultaneously used for drug
distribution in the Western hemisphere. A Gulfstream II jet aircraft N9875A
identified by the British Government and the European Parliament as being
involved in this traffic crashed in Mexico…” In 2004, another torture taxi
crashed in a field in Nicaragua with a ton of cocaine aboard… Mexican soldiers
found ..132 bags containing 3.3 metric tons of cocaine. The origination of the
Gulfstream’s flight is unknown but it was destined for Cancun when it crash
landed. Again, here is the important point: that same Gulf Stream
II was one of the very same planes chartered to the CIA for the rendition of
suspected terrorists prisoners. Gulf
Stream II crashed in Mexico with 3 tons of cocaine on board
..it should not be surprising that this illegal practice of rendition
has in some part, been used as a well-run smokescreen for another
borderless illegal operation- an extremely lucrative international transfer and
delivery of cash and narcotics .,,These flights are not subject to regular customs
checks, inspections or normal regulations as they move seamlessly between
destinations in the US, Britain, Europe, Middle East, Central Asia, Cuba and
possibly through US bases in Turkey, Greece and Morocco… Corrupt u.s. courts / judges: Their lifetime plush
appointments should be abolished, which corrupt entities are unheard of in
productive societies as China, Japan, etc.. Time to abolish these drags on
society and eliminate their lifetime stipends and costly bureaucracies. Rules
of law mean nothing to these typically corrupt americans. Most, including sam
alito of the u.s. supreme court, concerning drug money laundering and
obstruction of justice in the 3 rd circuit ( also maryanne trump barry who covered-up drug money laundering
through her brother’s casinos in a civil RICO case) should have gone to or
belong in jail. Contrary to popular
belief, they do it for the money, personal money, big, cash, untraceable money.
The fog of war is great for such things (360 tons $100 bills flown into Iraq
and missing, etc.). NSA beats
warrantless wiretap rap A Federal judge has dismissed a
complaint against the National Security Agency’s (NSA) Corrupt u.s. courts / judges: Their lifetime plush
appointments should be abolished, which corrupt entities are unheard of in
productive societies as China, Japan, etc.. Time to abolish these drags on
society and eliminate their lifetime stipends and corrupt costly bureaucracies. There must be such things as parallel universes (I don’t
really believe that, because there isn’t) or how else do you explain the
disconnect between reality, current and prospective, and the wet dreams posited
to keep the war funding / corporate welfare programs alive in collectively what
has already become a trillion dollar boondoggle (not counting prospective
medical costs, etc.) and promises to go much higher. Even israel apologist
Cohen of The Washington Post alludes to the Vietnam analogy. However, even if
there were real goals beyond the poppy / heroin trade which the Taliban had all
but eradicated (there isn’t); even if america wasn’t defacto bankrupt (america
is); even if america wasn’t killing innocent civilians in large numbers (war
criminal nation america is); even if america’s allies haven’t similarly helped
to bankrupt themselves by way of this war (they have); even if I hadn’t told
you so (I did) ….. this war still was, is, and remains a very bad idea! Consumer
spending rises, but less than expected (Washington Post) [ Almost all the economic news has been worse than
expected yet the stock market has continued its rationality/gravity-defying
ascent. That ominous disconnect between wall street and main street among other
current and prospective victims of the current bubble / fraud which the frauds
on wall street and insiders commission, churn-and-earn at lightning
computerized high-frequency trading speed and ultimately sell into. It’s the
now familiar story on fraudulent but apparently immune from prosecution wall
street. Moreover, all that pomo / fiat paper currency printing has just begun
to take its toll (see infra)] . Giving retailers the gift of sales growth for
the sixth consecutive month, consumers flex their spending power in December. Nations
seek to keep lid on food prices (Washington Post) [ It’s not just food prices and one thing is certain;
there’s much worse to come and resisting the insurmountable record deficit ridden,
pervasively corrupt, defacto bankrupt american propaganda is a first step to
understanding how bad, as in unprecedented. Drudgereport: $100 OIL: DEAL WITH IT Rising Gasoline Prices Put
Consumers in Sour Mood... UK WARNING: OIL PRICES MAY KILL ECONOMY AND THE COALITION...
[ No! It’s the debased, over-printed u.s. et als fiat currency which is killing
the economies though masked by the fraudulent wall street feel good, for them,
bubble and which lends credence to the calls for a new world reserve currency,
ie., juan, etc. ] EYES ON OPEC... Feds threaten to sue states
over union laws … [ but hands off the frauds on wall street they say ] ... Comprehensive List of Tax
Hikes in Obamacare... FT: What chance a US default? ] Faced with rising international food prices,
governments around the world are cooking up measures to protect domestic
supplies and keep prices from rising at home.
Related News The
Teflon Market Is Here [ Just ask the ‘Teflon Don’ … oh, right … he’s dead …The
pervasively corrupt frauds on wall street, the fed, and the u.s. government are
desperate to evade their unequivocal responsibility and overdue punishment
(prosecution, fines, jail, disgorgement) for the last and ongoing (toxic, worthless paper assets now marked to
anything) fraud diverting attention from their own culpability for the prior
bubble/crash and on-going financial / economic crisis, america’s worst economy
and prospects in america’s relatively short history with this contrived bubble
exceeding that precursor to the last crash; “this has never happened before, in
82 years of history”, and a crash is what’s a-coming. This is nothing short of
pathetic desperation that typifies the last gasp of the dead and dying,
figuratively of course. ] Roche
‘Calling this a “bullish” run might be a bit of an understatement. There has
been an unprecedented bid under the market since August 2010. The Bernanke Put
is well entrenched in everyone’s minds. This week ’s spike in jobless claims
was not enough to cause risk appetite to temper as it likely just reminds
investors that rising claims are what led to QE2 to begin with. Indeed, this is
a Federal Reserve that will not allow equity prices to falter to any
substantial degree. Nominal wealth creation has become the rally cry of a group
of economic thinkers who truly have no idea how to create sustainable economic
growth.
The stats behind this bull market are even more
remarkable than the rally itself appears. As I noted in December the market literally could not
decline . But the data since then shows an even more untouchable
market (via ZeroHedge ):
“As a point of
reference the S&P has been above the 10 day average for 30 days straight,
and above the 50 day average for 92 days straight. What is remarkable are some
statistical findings that pertain to the average’s movement with respect to the
SMAs. Sentiment
Trader points out that while as part of the recent surge in the
S&P, the market has gone for “92 days without closing below its 50-day
average, which has been matched only 17 other times since 1928. ” Where it gets
scary, is that as pointed out, during this time the market has not closed below
the 10 DMA once during the past 30 days. And as Sentiment Trader notes, “this
has never happened before, in 82 years of history.”
Not much else
needs to be said. The teflon market is here.
Update : Some additional
thoughts from Jeff Saut :
Herb Stein once
remarked, “If something can’t go on forever, it won’t!” And, the current
“buying stampede” is now 90 sessions long, making it the longest one ever
recorded in my notes of more than 40 years. Combine that with many other
“finger to wallet” indicators suggesting caution and I am currently just
sitting. Indeed, sometimes me sits and thinks and sometimes me just sits. As
the astute Lowry’s organization opines, “Our last short term sell-signal for
aggressive traders was triggered on December 30th, when the 14-day Stochastic
indicator dropped from overbought levels and crossed below its moving average.
A conventional short term sell-signal, for culling selective stocks [ from portfolios ], was registered
as of today’s market close (last Friday), when our Short Term Index dropped a
total of more than 6 points from its recent high of 104.” ‘
After seeing
the price of gold continue to climb and reading all the ... http://blogs.forbes.com/.../gary-shilling-says-housing-will-get-much-worse Gary Shilling Nov 12, 2010 ... Gary Shilling , who
predicted the U.S. housing collapse, says the stock market is overvalued and
foresees a “significant” selloff within a ...
] Early in 2008, in his monthly
Insight report, Shilling laid out 13 investment themes for the
year ahead that proved to be 100% dead-on accurate--a perfect 13-for-13--and
they proved extremely profitable for his Insight readers.
Here's a
scorecard to show how Shilling's forecast from 2008 has panned out:
1. Sell or sell short homebuilder stocks and bonds.
2. If you plan to sell your home, second home or
investment home anytime soon, do so yesterday.
3. Sell short subprime mortgages.
4. Sell or sell short housing-related stocks.
5. Sell or sell short consumer discretionary spending
companies.
6. Sell low-grade fixed-income securities.
7. Sell or avoid most commercial real estate.
8. Short commodities.
9. Sell or sell short emerging market equities.
10. Sell emerging country bonds.
11. Buy the dollar before long.
12. Sell or sell short U.S. stocks in general.
13. Buy long Treasury bonds.
Gary Shilling
released 12 New Strategies for thriving during the market melt-down . We call it his
" Bear Market Tool Kit ." You can access his recommendations when you
subscribe to Gary Shilling's
Insight . And by subscribing
now, you’ll ensure that you will receive Gary Shilling’s investment strategies
for 2011 and beyond.
Are the brokers
and television analysts who constantly parrot the "conventional
wisdom" paying serious attention to any of Shilling's predictions?
Probably not. Gary looks for hidden investment opportunities , which often means going against the conventional wisdom. And when you learn
more about Gary's credentials and his track record, you will realize that
everyone who doesn't pay attention to what he says might end up with some
serious egg on their faces.
Gary has twice been ranked as Wall Street’s top economist by polls in Institutional Investor ; he was also
named the country’s number one Commodity Trader Advisor by Futures magazine. And in 2003, MoneySense ranked him as
the 3rd best stock market forecaster, right behind Warren Buffett. He also
challenges the consensus in appearances on CNBC .
Gary also has a
long-standing reputation for independent thought...and for getting it right.
Back in 1969, he correctly predicted, to the surprise of many, the 1969-1970
recession. In the early 1970s, he stood alone in predicting the severe
1973-1975 global recession. In the late 1970s, when double-digit inflation was
raging, Gary was nearly unique in forecasting dwindling inflation rates as well
as the wonderful stock and bond markets that lay ahead.
Gary has been
running away from the herd for years, and he’s been nearly alone in making some
early, and accurate, calls:
•In early 1999,
in the midst of the Internet stock boom, Gary Shilling was nearly alone in
warning of a collapse in tech stocks. In January 2000, with stocks still
strong, Gary Shilling said a major bear market was at hand. In November 2000,
he foresaw total declines of 30%-40% in the Dow Industrials, 40%-50% in the
S&P 500 and 70%-80% in the Nasdaq—right on target with the overall decline
of 35% in the Dow, 49% in the S&P and 78% in the Nasdaq.
•While bulls
were talking up housing, Gary was nearly alone for years in warning of a
collapse well before the rest of the crowd saw any signs that something was
amiss.
Wouldn’t you
have benefited from such insights? Gary Shilling's Insight readers were not only well-prepared when the bad news began to unfold,
but were also equipped to make money while others suffered.
}
Downwardly
mobile in D.C. area (Washington
Post) [ Well said, I love this … except, not so limited to the d.c. area, but
rather applicable to 21st century america in general … the ‘downwardly mobile
thang’ … except as to the relatively few as to whom no laws nor rules of
civilized behavior apply in any meaningful way … you know, the ones who’ve
plundered this nation, this nation’s treasury, this nation’s people, and all
the while plundering other peoples in other nations to facilitate the schemes
used in plundering the people of this nation (wall street, the 3 strikes
branches of government, war profiteers, etc.).
] For millions of Americans, the recession has knocked them down the socioeconomic
ladder. ANALYSIS
| Palin's 'blood libel' comment backfires Washington Post) [ God knows I’m
no fan of sarah palin’s although I am constrained to admit that as a fan of Saturday
Night Live, I do appreciate her contribution to comedic content in the
show. That said, this new ‘tempest in a
teapot’ of her own making is a bit overdone. After all, it should be common
knowledge by now, to put it mildly, that she is quite dumb; and, like that
burnt out, dumb, war criminal and moron, dumbya bush (see , ie., bushisms from
bush the brain-damaged moron http://albertpeia.com/bushisms.htm ), she also has trouble with words; more specifically,
the meanings of words. But it is also true that wobama and his ilk have trouble
with words and their meaning, particularly when those spoken words are measured
against what he does, his ilk never seeming to discern the glaring difference …
wobama the ‘b’ for b*** s***. Lamentably (by her) and unexpectedly for palin
was her failure to fully understand ‘that jewish thing’ attached to the phrase
and the tender sensibilities of those who previously have been among the ranks
of what seems more and more to be a somewhat offbeat fanclub of sorts. Yeah,
that ‘never hear the end of it’ jewish stereotype of paranoid sensibilities to
religious / ethnic prejudice / slur behind some word, phrase, or even a sneeze
(spielberg’s childhood memories) can wind up turning around and biting you in
you’re a** ! Previously: Krauthammer: Beyond
Ariz., a reckless charge (Washington Post) [ If it were only that
simple; viz., a palin ( I’ve previously said I’m more concerned with her level
of stupidity, dumb enough in an infantile way to prove she had gonads by
pressing the button – never goin’ to happen, her being in that position), a
beck, a bush, a wobama (Drudgereport: OBAMA FLASHBACK: 'If They
Bring a Knife to the Fight, We Bring a Gun'... , etc., there’d be hope for pervasively corrupt defacto bankrupt
america. The fact is, the problem is inherent to america / americans themselves
as I previously wrote here and reiterate: Will: Half-baked
explanations for tragedy (Washington
Post) [ Half-baked? Charlatans? The foregoing are in no short supply in defacto
bankrupt, meaningfully lawless, pervasively corrupt, fraud prevalent america. See, for example, RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
. Moreover, Mr. Will
as an oftimes apologist for war criminal, pervasively fraud-prone, defacto
bankrupt, etc., america, with crime rates exceeding by far those of any other
so-called civilized nations, might indeed find himself among those he’s so
categorized. Among the last separate page sections to my website will be a
somewhat detailed psychoanalytic evolutionary profile of the u.s. (one might
ask who am I to do so which is fair comment to which I would reply, read it, or
not, your choice). However, for the nonce, let me say that the it is no small
coincidence that the 20 th century has been dubbed ‘the american century’. That the
20 th century has been considered the bloodiest is at once the
natural concomitant of the foregoing reality. Keeping in mind the so-called
‘selective’ processes in both insurance (adverse) and evolutionary (Darwinian)
terms, and as well, the psychology of it all from a behavioral perspective,
america has indeed evolved. From the genocide of indigenous populations, to
outlandish propaganda in support of same (ie., that ‘manifest destiny’
balderdash with overtones of religiosity spoonfed since elementary school,
etc.), to contrived conflict / war, such, euphemistically bad behavior has been
reinforced, some of which conditioning not always purposeful, ie., the ever
greater frauds perpetrated on wall street for which there have been in large
part no real punitive consequences to the perpetrators; but, to the contrary,
great financial rewards though substantially detrimental to the majority.
Despite the surface appeal, that oft asserted ‘blue-blood’ distinction doesn’t
pass muster. Aside from the few seeking seeking religious freedom (ie.,
Puritans among some others), most then new americans were such disaffected
rejects of their former homelands that desperation at best was motivation for
travel to the wilds of the ‘so-called new world’ as opposed to intelligent,
rational choice; criminals, mentally ill, the not-so-bright but ruthless
populating the new nation in disparate numbers toward the ends consistent with
greed and common criminality, corruption, and venality. As of the age of the
dinosaurs, the american century has passed into the annals of a history replete
with self-generating terrorism within and without (that blowback thing). DRUDGEREPORT: NATION SHOCKED: CONGRESSWOMAN
SHOT IN TUCSON ] Clinton pushes for economic and political
reforms in tour of Middle East (Post, January 13, 2011) Clinton
expresses solidarity with Arabs on Mideast tour (Post, January 13, 2011; 4:05 PM) Diehl: Mideast
threats that can't be ignored (Washington Post) [ Amazing what not running for prospective office can
do for balanced thinking, but still not quite. After all, who doesn’t know
outside of america / israel that the biggest Mideast threats are … america /
israel and those nato allies that are but lapdogs of the former. Moreover, some
real scrutiny of and self-analysis by the aforesaid is in order before
purporting to be advisors to any nation at all. ] Tax
cuts hinder Obama's plans (Washington
Post) [ Plans? What plans? Wobama’s become the proverbial gumball machine;
viz., put a nickel in, get a gumball of your choosing. Even his teleprompter
has more integrity / credibility than he. Campaign promises, words, plans based
on both, are nowhere to be found in the failed presidency of wobama in
wobamaland. ] Without deeper budget
cuts or fresh revenue, officials will have a tough time meeting the president's
targets for tax-code overhaul and deficit reduction. U.S.
urges China to open market, heed intellectual property laws (Washington Post) [ Pretty please,with a cherry on top,
and lots of sugar … that’ll work … riiiiight! After all, based upon realities,
economic, financial, geo-political (– that perpetual war thing and america’s
pervasive corruption / fraud from wall street to all three brances of the u.s.
government and ops, see, for example, RICO case
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
) who should be giving
whom advice. ] Commerce secretary says
Beijing's policies of protecting domestic industries will no longer suffice. Henry Kissinger: Our
challenge with China (Washington
Post) [ Boy … talk about playing both sides of the fence … H.A.K. as in hack …
as in a blood-sucking leach of a political hack! To the point, kissinger is a
self-interested, greedy zionist whose professional advice to war crimes nation
israel has included cordoning off illegal israeli occupied Palestinian
territories and massacreing indiscriminantly and completely the people,
innocent men, woman, and children, therein. That China’s rising and pervasively
corrupt, defacto bankrupt america’s in ineluctable decline is a foregone
conclusion; and, even more to the point, in no small part owing to kissinger’s
efforts / policies on his patrons’ (that economic shift to China cheered
enthusiastically by ceos and wall street alike) and particularly his own
behalf. Little late to the party, mr. hak … after all, what precisely did he do
… that kissinger associates thing … for the money … worse than those
‘run-of-the-mill’ lobbyists in d.c. (among the other alphabet soup kitchens,
cia, nsa, et als, think stink tanks, etc.). That america will try to stop
China’s rise is almost the natural concomitant to perpetual war / pervasively
corrupt / defacto bankrupt america’s intractable decline is also a foregone
conclusion. That either nation would be dumb enough to embark upon a collision
course of self-immolation is not (although america’s self-destructive, in
addition to destructive tendencies is a reality lost on no one). ] Initial
Jobless Claims Rise 35,000 ‘NEW YORK ( TheStreet ) -- The number of Americans filing unemployment claims
unexpectedly rose last week, the Labor Department said early Thursday. The
advance figure for seasonally adjusted initial claims increased by 35,000 to
445,000 in the week ended Jan.8, the highest level since October. Economists
were expecting initial claims to drop to 405,000, according to consensus
estimates from Bloomberg. Estimates ranged from 400,000 to
415,000…’
An
Amazing Statistic About Our Abnormal Market [ The only thing amazing is that
no one has come forth to state how preposterous this ‘modern day miracle of
computerized programming technology’ can make unreality so appealingly and
seemingly real that all are swept away with this tsunami of b*** s*** until it’s
too late, which as preceding other crashes, seems furthest from thoughts, mind,
and plausibility until invariably, grim reality comes a-calling and this
scenario as before will end as before especially quite badly. ] ‘Rev Shark
at Realmoney.com posted an amazing statistic which I believe he found at
sentimenttrader.com.
According to
Sentimentrader.com, the S&P 500 has now gone 92 days without closing below
its 50-day moving average. That has only happened 17 times since 1928. But what
is really amazing is that over the past 30 days, we haven't
closed below the 10-day moving average even once. That has never happened in
the last 82 years of market history.
As I've stated multiple
times, it is not the rally we are experiencing that is strange, it is the total
inability to pullback at any point that is boggling to anyone who has more than
6 months of market history under their belt.
[chart]
Don't forget in
September and October we did not close below the 13 day moving average for 2
months in a row. Indeed other than a hiccup caused by Ireland, we might be
working on the 5th month of no pullbacks.
This is an
abnormal market. Anyone using historical context to trade is lost at sea.
Congratulations to Mr. Brian Sack, the Bernank, and his POMO crew for
making a mockery of traditional somewhat 'free' markets
Nevertheless,
balance sheet policy can still lower longer-term borrowing costs for many
households and businesses, and it adds to household wealth by keeping asset
prices higher than they otherwise would be.
Amen Brian. In
the future I'd just eliminate the middle man (primary dealers) and just buy SPY
futures directly on a daily basis, much more efficient than our current
charade. Granted that removes the Wizard of Oz effect (don't look behind the
curtain - it's magic), but at least it would be intellectually honest. (I know,
I know - primary dealers don't "buy stock directly" blah blah)
[Jan
6, 2010: Charles Biderman of TrimTabs Claims US Government Supporting Stock
Market] ’
Contours
of a large and lasting American presence in Iraq starting to take shape (Washington
Post) [ Wow! Sounds like a plan … though
hardly embraced by all; viz; the vast majorities in Iraq, Afghanistan, and
defacto bankrupt america are against this with dire prospective consequences to
follow. U.S.
Promises to be in Afghanistan Beyond 2014 [ Defacto bankrupt america can afford it! Riiiiight! Sounds like a plan …
for enhanced heroin production, war profiteering, etc., benefiting the few to
the detriment of the many. ] New York Times | Biden met
with Karzai and promised a lasting American commitment to the country well
beyond 2014, when NATO forces are scheduled to turn over security of the nation
to Afghan forces. ] Treasury
secretary urges China to accelerate currency reform (Washington Post)
[ Riiiiight! Well that sounds like something the Chinese will buy into, coming
from defacto bankrupt america … sounds like a plan … for fantasyland! ]
Beijing’s policy is hampering U.S. competitiveness and harming the Chinese
economy, Geithner says. Economic
recovery is on track (Washington
Post) [ What? That (as per fed) no-recession recession (depression) thing’s
over. Certainly for the frauds on wall street who caused the thing in the first
place that’s true with the new bubble and at what now insurmountable cost (record $14 trillion plus debt – Faber: US
will be using 30% of total tax revenues just to pay interest on the national
debt within a few years … see, infra … )Fed's beige book reports gains in
manufacturing and retail sectors. Housing industry remains weak. E.U.
seeks to expand bailout fund to calm markets (Washington Post) [ Nyaradi The
Sick Man Tries to Save the Terminally Ill ( I can’t recall the
specific phrase, but applied here it goes something like this, ‘Japan with a debt to GDP ratio
of 200% is going to save Europe, but who’s going to save Japan’. Let’s get
real here as the u.s. house-building with decks, as in Titanics and reshuffled
/ rearranged deck chairs, of cards, as in ‘houses of cards’, becomes insanely
ubiquitous worldwide and will systemically (now globally) end quite badly. This
is an especially great opportunity to sell / take profits since there is much,
much worse to come.
) Nyaradi ‘It was a quiet
day yesterday for ETFs and stocks in world markets as most exchange traded
funds recovered recent losses amid reduced tensions in Europe.Incredibly,
Japan’s intent to buy European bonds was the catalyst for the more positive
atmosphere in Europe, and as the title of this article suggests, this is truly
the sick man trying to save the terminally ill…see infra… ’ ] Nations expand
the scope of the euro-zone bailout fund, saying more support is necessary as
investors worry about the prospects of Portugal and Spain.
ANALYSIS
| Palin's 'blood libel' comment backfires Washington Post) [ God knows I’m
no fan of sarah palin’s although I am constrained to admit that as a fan of
Saturday Night Live, I do appreciate her contribution to comedic content in the
show. That said, this new ‘tempest in a
teapot’ of her own making is a bit overdone. After all, it should be common
knowledge by now, to put it mildly, that she is quite dumb; and, like that
burnt out, dumb, war criminal and moron, dumbya bush (see , ie., bushisms from
bush the brain-damaged moron http://albertpeia.com/bushisms.htm ), she also has trouble with words; more specifically,
the meanings of words. But it is also true that wobama and his ilk have trouble
with words and their meaning, particularly when those spoken words are measured
against what he does, his ilk never seeming to discern the glaring difference …
wobama the ‘b’ for b*** s***. Lamentably (by her) and unexpectedly for palin
was her failure to fully understand ‘that jewish thing’ attached to the phrase
and the tender sensibilities of those who previously have been among the ranks
of what seems more and more to be a somewhat offbeat fanclub of sorts. Yeah,
that ‘never hear the end of it’ jewish stereotype of paranoid sensibilities to
religious / ethnic prejudice / slur behind some word, phrase, or even a sneeze
(spielberg’s childhood memories) can wind up turning around and biting you in
you’re a** ! Previously: Krauthammer: Beyond
Ariz., a reckless charge (Washington Post) [ If it were only that
simple; viz., a palin ( I’ve previously said I’m more concerned with her level
of stupidity, dumb enough in an infantile way to prove she had gonads by
pressing the button – never goin’ to happen, her being in that position), a
beck, a bush, a wobama (Drudgereport: OBAMA FLASHBACK: 'If They
Bring a Knife to the Fight, We Bring a Gun'... , etc., there’d be hope for pervasively corrupt defacto
bankrupt america. The fact is, the problem is inherent to america / americans
themselves as I previously wrote here and reiterate: Will: Half-baked
explanations for tragedy (Washington
Post) [ Half-baked? Charlatans? The foregoing are in no short supply in defacto
bankrupt, meaningfully lawless, pervasively corrupt, fraud prevalent america. See, for example, RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
. Moreover, Mr. Will
as an oftimes apologist for war criminal, pervasively fraud-prone, defacto
bankrupt, etc., america, with crime rates exceeding by far those of any other
so-called civilized nations, might indeed find himself among those he’s so
categorized. Among the last separate page sections to my website will be a
somewhat detailed psychoanalytic evolutionary profile of the u.s. (one might
ask who am I to do so which is fair comment to which I would reply, read it, or
not, your choice). However, for the nonce, let me say that the it is no small
coincidence that the 20 th century has been dubbed ‘the american century’. That the
20 th century has been considered the bloodiest is at once the
natural concomitant of the foregoing reality. Keeping in mind the so-called
‘selective’ processes in both insurance (adverse) and evolutionary (Darwinian)
terms, and as well, the psychology of it all from a behavioral perspective,
america has indeed evolved. From the genocide of indigenous populations, to
outlandish propaganda in support of same (ie., that ‘manifest destiny’
balderdash with overtones of religiosity spoonfed since elementary school,
etc.), to contrived conflict / war, such, euphemistically bad behavior has been
reinforced, some of which conditioning not always purposeful, ie., the ever
greater frauds perpetrated on wall street for which there have been in large
part no real punitive consequences to the perpetrators; but, to the contrary,
great financial rewards though substantially detrimental to the majority.
Despite the surface appeal, that oft asserted ‘blue-blood’ distinction doesn’t
pass muster. Aside from the few seeking seeking religious freedom (ie.,
Puritans among some others), most then new americans were such disaffected
rejects of their former homelands that desperation at best was motivation for
travel to the wilds of the ‘so-called new world’ as opposed to intelligent,
rational choice; criminals, mentally ill, the not-so-bright but ruthless
populating the new nation in disparate numbers toward the ends consistent with
greed and common criminality, corruption, and venality. As of the age of the
dinosaurs, the american century has passed into the annals of a history replete
with self-generating terrorism within and without (that blowback thing). DRUDGEREPORT: NATION SHOCKED: CONGRESSWOMAN
SHOT IN TUCSON ] The
Sick Man Tries to Save the Terminally Ill [ I can’t recall the specific phrase, but
applied here it goes something like this, ‘Japan with a debt to GDP ratio
of 200% is going to save Europe, but who’s going to save Japan’. Let’s get
real here as the u.s. house-building with decks, as in Titanics and reshuffled
/ rearranged deck chairs, of cards, as in ‘houses of cards’, becomes insanely
ubiquitous worldwide and will systemically (now globally) end quite badly. This
is an especially great opportunity to sell / take profits since there is much,
much worse to come.
] Nyaradi ‘It was a quiet
day yesterday for ETFs and stocks in world markets as most exchange traded
funds recovered recent losses amid reduced tensions in Europe.
Drudgereport: World moves closer to food
price shock... OIL NEARS $100... Soaring commodities... PALIN CALLS OUT MEDIA 'BLOOD
LIBEL'... VIDEO... Death Threats at 'Unprecedented
Level,' Aides Say... ABCNEWS: She 'once again has
found a way to become part of the story'... CBSNEWS: 'Plays the victim
card'... NBCNEWS: 'Ignorant' for using
'blood libel' term... Assange claims 'insurance'
files on Rupert Murdoch; Says China Top Threat to WIKILEAKS... ‘In this week's
New Statesman, WikiLeaks founder Julian Assange talks to John Pilger about
Bradley Manning, his "insurance" files on Rupert Murdoch and Newscorp
- and which country is the real enemy of WikiLeaks. To read the entire feature,
pick up a copy of this week's New Statesman available on newsstands from
tomorrow. Some highlights of the piece are below: The "technological
enemy" of WikiLeaks is not the US - but China, according to Assange.
"China is the worst offender," when it comes to censorship, says the
controversial whistleblower. "China has aggressive and sophisticated
interception technology that places itself between every reader inside China
and every information source outside China. We've been fighting a running
battle to make sure we can get information through, and there are now all sorts
of ways Chinese readers can get on to our site." On Bradley Manning - the
US soldier accused of leaking the diplomatic cables to WikiLeaks - Assange
says: "I'd never heard his name before it was published in the
press." He argues that the US is trying to use Manning - currently stuck
in solitary confinement in the US - to build a case against the WikiLeaks
founder: "Cracking Bradley Manning is the first step," says the
Australian hacker. "The aim clearly is to break him and force a confession
that he somehow conspired with me to harm the national security of the United
States." Such conspiracy would be impossible, according to Assange.
"WikiLeaks technology was designed from the very beginning to make sure
that we never knew the identities or names of people sub¬mitting material. We
are as untraceable as we are uncensorable. That's the only way to assure
sources they are protected." Yesterday, Assange's lawyers warned that if
he is extradited to America, he could face the death penalty - for embarrassing
the leaders of the US government. "They don't want the public to know
these things and scapegoats must be found," says Assange. And despite the
pressure the website has been under, reports of trouble at WikiLeaks are
greatly exaggerated, claims Assange. "There is no 'fall'. We have never
published as much as we are now. WikiLeaks is now mirrored on more than 2,000
websites. I can't keep track of the spin-off sites - those who are doing their
own WikiLeaks... If something happens to me or to WikiLeaks, 'insurance' files
will be released." The contents of these files are unknown, but, according
to Assange, "[t]hey speak more of the same truth to power." It is not
just government that should be worried about the content of these files,
however. "There are 504 US embassy cables on one broadcasting organisation
and there are cables on Murdoch and News Corp," says Assange. The attempts
by the US to indict Assange should worrying the mainstream press, he adds.
"I think what's emerging in the mainstream media is the awareness that if
I can be indicted, other journalists can, too," says Assange. "Even
the New York Times is worried. This used not to be the case. If a whistleblower
was prosecuted, publishers and reporters were protected by the First Amendment,
which journalists took for granted. That's being lost." Goldman
Sachs self-eval calls for disclosure of operations (Washington Post) [
Self-evaluation? Goldman-sachs? Don’t make me laugh! … Oh, right … they
don’t cheat, they just steal / defraud!
] Goldman is trying to turn the page on a bad year (as in huge bonuses …
that bad … riiiight!) . Chinese military tests fighter jet ahead of
Hu's meeting with Gates (Washington Post) [ China
tests stealth aircraft before Gates, Hu meet (Post, January 11, 2011; 6:12 PM)
Chinese general to visit U.S. base in small
sign of thawing military ties (Post, January 12, 2011; 1:21
AM) Small sign of thawing? Yeah, maybe
… so small you’d need a electron microscope to see it … as gates melted at the
prospect of China’s latest new addition to their defensive arsenal, which they
can afford, as defacto bankrupt america drowns in perpetual, contrived /
self-created / self-destructive wars. ] China's
exchange reserves hit record level (Washington Post) [ Relations,
relationship, reserves. I’d say proportional … as in terms of, ie., rationality
… as in, ie., relative abundance; viz., China having substantially greater
reserves and rationality than irrationally, pervasively corrupt, meaningfully
lawless, perpetual war despite defacto bankrupt america. ]
The thorniest problem in economic relations between the United States
and China is getting worse, just as the world's two biggest economies prepare
for a summit next week in Washington. Meyerson: Culture
of paranoia (Washington Post) [
That ‘for us or again’ us’ dichotomy that flourished with unbridled enthusiasm
and encouragement by lesser brains typified by burnt out war criminal and moron
dumbya bush & co certainly gained traction with the bushlander failed
regimes; but, truth be told, to the surprise of many, the same mindless
approach to all things domestic and international has under wobama’s failed
regime proved to be the coup de grace, the ‘straw that broke the camel’s back,
etc.. Indeed, the continuation of the perpetual war policy despite the defacto
bankruptcy of the nation has made wobama’s failed presidency merely icing on
what has become the american upside down cake. From no pros of the frauds on
wall street to increased war spending and runaway deficits, wobama the ‘b’ for
b*** s*** has proven the more america ‘changes’ the more america stays the same
… in rate of decline, that is. Talk radio … all b*** s*** with a few convenient
facts interspersed for relevance. I’d say liberal talk radio is worse in that
if they’re not comin’ down hard on wobama (I presume they’re not), then all
their rhetoric in the bush years was hot air. And hot air is what they are
which is the reason d’etre for that little on/off switch which is all the
censorship that’s needed. That’s what I use for the blowhards … and it works
extremely well! ] ] Four Financial Farces That Will End in Disaster Summers ‘At this point the news out of the
financial world is more insane than … well, just about anything.
Farce #1: Japan Can Bail Out Anything.
First off, Japan, which has a debt to GDP ratio of 200%,
is bailing out Europe, which has a smaller but equally disturbing debt problem.
Yes, one broke country (Japan) is now trying to bail out an entire economic
union, despite the fact that it hasn't succeeded in managing its own finances
or economy in over 20 years.Indeed, the idea that Japan could bail out anyone
when it’s failed to create any substantial economic growth despite spending
trillions of yen should give you an idea of just how out of control the entire
financial system has become. We are literally in the end game now. Unless
Martians come down and start bailing out Earth, the Great Sovereign Default
will be in full effect within the next six months.
Farce #2: Inflation Is at 1%.
Meanwhile, Ben Bernanke claims that inflation in the U.S.
is at 1%. President Obama has to maintain that this is a fact with a straight
face next week when he meets with French President Nicolas Sarkozy, who is
witnessing food riots in Algeria due to soaring food prices.The Fed has claimed
inflation is under control for months now, proving that its members must not
eat food, drive cars, or know how to read. Indeed, in order to ignore rising
prices in the U.S., you would literally have to not shop for groceries, not
pump gas into your car, not read the newspaper, and not have access to the
Internet or any financial news outlet.I sincerely hope that the Fed is not run
by folks who fit this description, but after reading the next two farces, I’m
not so sure.
Farce #3: QE Is Working.
Various Fed officials have stepped forward to claim that
its Quantitative Easing program has worked. Correct me if I’m wrong, but I
thought the whole purpose of QE was to lower interest rates.How then do you
explain the following? [chart]As you can see, interest rates have soared since the
Fed implemented QE 2. It’s not like QE has helped the U.S. economy either; food
stamp usage has hit new records since it began.And yet the Fed claims that QE
is not only working, but we need more of it. However, even that farce pales
compared to the next and final financial farce of today’s essay.
Farce #4: The Folks Managing the Fed’s QE
Efforts Have No Investing Experience.
Then, of course, there’s the recent revelation that the
Fed’s monetary policies involving the purchasing of trillions of U.S. Treasuries
are in the hands of folks aged 26, 29, and 34, none of whom have any investing
experience whatsoever.And they’re in charge of buying up trillions in U.S.
debt.If, at this point, it’s not clear that the entire financial system is not
a disaster waiting to happen, then I don’t know what else to say. Indeed, our
entire system is built on fraud and managed by folks who don’t know what
they’re doing. And if you think they’ll steer us to safety, consider that
around the globe we’re already beginning to see signs of systemic
collapse.Indeed, I believe we are in fact on the verge of another round of
deflation which will take prices down across the board as the U.S. dollar
rallies. However, this period will be short-lived as it will be followed by a
U.S. dollar collapse soon after.At that point, the next stage is the paper
currency collapse, the stage at which inflation accelerates as the U.S. dollar
collapses, destroying purchasing power while inflation hedges explode
higher.Some, like the most popular picks (gold and silver bullion), will record
strong gains. However, others (the ones that 99.9% of the investment world are
currently clueless about), will go absolutely parabolic.’
Drudgereport: SILENCE: RI Gov. bans state
employees from speaking on talkradio... Dem Congressman: If Violent
Rhetoric Didn't Cause This Shooting -- It Will Cause Next One! BILL CLINTON: 'WE NEED TO BE
CAREFUL ABOUT THINGS WE SAY' … [ How about, OR DO! ] ... OBAMA FLASHBACK: 'If They
Bring a Knife to the Fight, We Bring a Gun'... Dem rep urging 'civility' had
called for FL guv candidate to be shot... NEW PUSH FOR 'FAIRNESS
DOCTRINE'... MSNBC Matthews Cites Radio
Stars Mark Levin, Michael Savage As Reason For AZ Shooting... Dem Senator Fundraises Off
Murders... PISTOL
SALES SURGE AFTER AZ SHOOTING
Snow in 49 states including
Hawaii…[Sounds like that ‘Global Warming Thing’…Riiiiight!] ... Bank of China Brings Yuan
Trading to USA... China Stealth Test Upstages
Gates, Hu... France our biggest ally,
declares Obama: President's blow to Special Relationship with Britain... Sarkozy to be subject of
'hugely embarrassing' film...
Merger
would create largest U.S. utility (Washington Post) [ Well, sounds like a plan. That trend to ‘bigger the
better’ / too big to fail thing. Down only a penny in today’s trading. I’d call
that a vote of confidence by fraudulent wall street. Why, you can almost hear
the wall street frauds cheering to the tune of that familiar cheer, ‘We must,
we must … increase the nation’s potential economic bust … the bigger the
better, the lesser the vetter … the better the government boys will like
us.! ]
Duke Energy announces a $13.7 billion merger deal with Raleigh,
N.C.-based Progress Energy. Watchdog
over Afghan reconstruction resigns (Washington Post) [ Wow! Sounds like he
really meant business … which also meant, congress ‘hearing footsteps’ so to
speak, that he had to go. After all, applying a stringent standard that
promises to do something about fraud and corruption is a standard that would
threaten the entire u.s. government … all three branches. ] Arnold Fields, the head of the office charged
with investigating corruption in the multibillion-dollar effort to rebuild
Afghanistan has resigned, the White House said, following congressional demands
that he be replaced.
Government
contractor ATS shifts gears (Washington
Post) [ Now granted … this is northern
virginia, alphabet soup kitchen territory (part of the Washington d.c.
governement mob)… rivaled in corruption only by such other pervasively mob
infested states as jersey (multi-ethnic mob), new york (Italian, jewish, irish,
wall street), Connecticut (whatever new york and d.c. says, mob), California
(multi-ethnic mob, young gangs movin’ up, local government / bureaucracies
mob), and of course the corrupt courts in all 5, but there’s somethin’ strange
in the neighborhood here. I mean, 1 weak or I mean 1 week tenure and probably
want to just give him some money.
"We need to do something to get those shareholders replaced by
other shareholders - whether it be one big shareholder or several smaller
ones," said Bersoff, ‘who was the company's previous chief executive.’
This is the first statement of its kind I’ve ever encountered in modern day
finance, such as it is. Then there’s that ‘government contractor thing’. Could
it be that the michael corleones of the cia want to ‘legitimize’ their
enterprises which have included illicit drugs, arms, etc.? All we really know
is that Sidney … Fuchs. ] CEO Sidney E. Fuchs resigns as the company announces
its intention to pursue strategic alternatives, including a possible sale. China
as Europe's white knight? (Washington Post)
[ White knight? I don’t think so.
Yellow night and day, I think yes. Not to impugn their motives, but the Book of
Ecclesiastes said it well: "What has been is what
will be, and what has been done is what will be done; and there is
nothing new under the sun "
Jun 18, 2007 ... John Perkins' career as an economic hit
man (EHM) has taken him all over the globe. He details his activities as an
EHM in his best-seller ... heartlanddiaryofbettyb.blogspot.com/.../confessions-of-economic-hit-man.html - Cached Similar
Mar 23, 2007 ... Confessions of an Economic Hitman by John
Perkins is an exclamation point riddled history of a few financial
manipulations of the Cold War ... cobb.typepad.com/cobb/2007/03/confessions_of_.html
- Cached Similar
Aug 9, 2006 ... rustydude's diary :: :: The reason I bring it up
within the ..... I am thrilled to hear all this support for the Economic Hit
Man book since ... www.dailykos.com/story/2006/8/10/04532/7753 - Cached Similar
Jul 13, 2010 ... In 2008, Greek writer/director Stelios Koul made a
documentary about Perkins entitled “ Diary of an Economic Hit Man .” ... www.thewrap.com/.../cinema-libre-acquires-economic-hit-man-19179
- Cached
] Traders are speculating that cash-rich
China may step in and buy hard-hit European bonds. Can
the Unshortable Market Be Shorted? [ I do not consider short-selling an investment
strategy, but rather a speculation that is only for the extremely few,
lucky and hence successful speculators
who are also capable and prepared to lose more than their investment
principal.] TraderMark ‘I have called this the unshortable market for many
months as it acts very strangely. Again it is not so much the move up that is
strange as the total inability for even short-term pitstops in the months of
September, October, December and thus far January. November was an outlier
event due to Ireland ...save for those headline events, I am sure November
would have acted similar to the other months. Frankly, as a contrarian, when
you hear people talking about unshortable markets you want to fade that...but
doing so the past many months would have ripped your face off. So do we just
give up until Jul 1 and QE2 ends? I doubt it will be that convenient. During
QE1, there were at least a few pullbacks...summer 09 comes to mind. Further,
almost every strategist now thinks SP 1400 to 1425 is in the bag for year end
2011. The problem is, we are about 10% away from that target just days into the
year. Considering there are 11 more first days of the month this year (which
are now almost always up) and 51 more Mondays (which lead to morning gap ups
about 80% of the time nowadays) that does not leave much leeway for Monday
afternoons through Friday for price appreciation. Unless we are headed to a
repeat of fed-induced bubble mania circa 1999…’ New
Ponzi Scheme: Blame Bernie [ Which one? Which ‘weak end at bernie’s’? Bernie
bernanke or madoff? As usual, where’s the DOJ? ‘The SEC seeks an
injunction, DISGORGEMENT and civil penalties’. Now note that that disgorgement
thing has yet to be applied to the gargantuan frauds on wall street. Indeed,
now flush with cash from legislative (mark to anything change in FASB rules)
and fed (new bubble) help, the frauds on wall street are cashing out bonuses
exceeding $144 billion. For those who think there’s no economic damage
attendant to such frauds as those perpetrated by the frauds on wall street
which the computer-programmed high-frequencey churn-and-earn continuing as we
speak, take further note of this disaster called the defacto bankrupt u.s.
economy that the slicker, though less blatant than the fraud that follows which
pales in comparison to that bailed out by the u.s. taxpayers at great long-term
cost to the nation. ] Singer ‘Frankly, it’s becoming a bit of a broken record.
According to a Securities and Exchange Commission (SEC) Complaint filed on
January 6, 2010, a number of Defendants perpetrated a Ponzi scheme – yet
another such allegation against another group of alleged fraudsters. Securities and
Exchange Commission, Plaintiff, vs. Raymond P. Morris, E & R Holdings, LLC,
Wise Financial Holdings, LLC, Momentum Leasing, LLC, James L. Haley,
Cornerstone Capital Fund, LLC, Vantage Point Capital, LLC, Jay J. Linford
Freedom Group, LLC, and Luc D. Nguyen, Defendants (11CV00021,
Utah District Court, January 6, 20100) NOTE: The SEC Complaint contains
only allegations. The Defendants are presumed innocent of the charges and it
will be the government’s burden to prove the Defendants’ guilt at trial.
Illinois
faces steep tax increases to meet fiscal crisis (Washington
Post) [ This is only the beginning of this continued ultimately
hyperinflationary depression with much worse to come. How
the recession imploded states' finances (Washington Post) [ This is truly no joke! Municipal
Debt Threatens U.S. Economy Lim ‘The debt crisis that has taken
down banks, and even countries, threatens more than 100 American municipalities
this year. According to Meredith Whitney, who works as a US research analyst,
local and state debts are the biggest concerns to the US economy today. It is
large enough to derail economic recovery.
She said that,
There’s not a
doubt on my mind that you will see a spate of municipal bond defaults. You can
see fifty to a hundred sizable defaults – more. This will amount to hundreds of
billions of dollars’ worth of defaults.
American states
and cities have a total debt load of around $2 trillion.
New Jersey
government Chris Christie summarized it clearly,
We spent too much on everything. We
spent money we didn’t have. We borrowed money just crazily. The credit card’s
maxed out, and it’s over. We now have to get to the business of climbing out of
the hole. We’ve been digging it for a decade or more. We’ve got to climb now,
and a climb is harder…’ Video:
State pensions face 'death spiral' Wash.Post (It’s not just state and local … it’s national, ie., social
security, medicare, Medicaid, veterans, etc., and as well, some companies. )
Sept. 15 (Bloomberg) -- U.S. state pensions such as Illinois, Kansas and New
Jersey are in a "death spiral," with assets at many insufficient to
cover benefits, payouts consuming a growing portion of resources and costs
rising twice as fast as investment gains. Bloomberg's Monica Bertran reports.
(Source: Bloomberg) (Bloomberg) ] While
experts call Illinois's plight the worst in the nation, many states are
grappling with the perils of air-brushing structural budget problems rather
than implementing difficult tax increases or service cuts. White
House to extend more support (to overcome widespread suspicion and
anti-americanism) to Pakistan (Washington Post) [ Well, there
you have it. Another victory notched up for defacto bankrupt, war criminal
nation america. Sounds like a plan … you know, that winning hearts and minds
thing … destroy the country, kill their people, have contractors siphon off the
cash (with kickbacks of course). Victory americana … Riiiiight! ] Offer aimed at overcoming widespread
suspicion and anti-Americanism in nation, which is seen as a vexing but crucial
partner in anti-terror efforts
Data
point to economy crawling out of downturn (Washington Post) [ I don’t
believe anything the u.s. government et als says or reports. What Today's Job Numbers Aren't Telling You Simon Maierhofer, On Friday January 7, 2011, 6:10 pm EST
Health-care
repeal vote looms (Washington
Post) [ Starting with real / unspun data / facts is the wisest course, and such
should be conveyed to the taxpayers who ultimately pay, including the bloated
salaries of the corrupt, incompetent ‘washingtonians, federal employees,
bushies, obamanoids, etc., CBO Says Repeal Would Reduce
Spending by $540 Billion... The Congressional Budget Office, in an email to Capitol Hill staffers
obtained by the Spectator , has said that repealing the national health care law
would reduce net spending by $540 billion in the ten year period from 2012
through 2021. That number represents the cost of the new provisions, minus
Medicare cuts. Repealing the bill would also eliminate $770 billion in taxes.
It's the tax hikes in the health care law (along with the Medicare cuts) which
accounts for the $230 billion in deficit reduction…’ ] … Right
to undo? Panel | How much should Republican House leaders focus on
undoing past initiatives versus creating their own new ones? | Weigh
in
Twain
needs no fixin' (Washington Post) [ I quite agree with Ms. Parker,
particularly in this digital age which facilitates such censorship which can be
accomplished with such ease and an environment as in the self-created paranoid
u.s. replete with pervasive corruption, incompetence, and criminality where
perpetrators / criminals therein cry out for more cover-up / censorship all in
the self-destructive name of ‘war on terror’, jingoistic patriotism, etc.. I’m
against almost all censorship (subject
to very limited exceptions, ie., ‘yelling fire in a crowded theater, kiddy
porn, etc., except that the u.s. courts are so corrupt and venal that they can
no longer be trusted to responsibly apply those limited exceptions to narrowly
defined exceptional circumstances. See, for example, RICO
case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) . DRUDGEREPORT:
NYT SATURDAY: NUMBER OF COMBAT INJURIES IN AFGHANISTAN APPROACHES IRAQ-WAR
LEVELS... DEVELOPING... 'WE'RE
DIGGING OUT OF A HOLE' ‘…Barack Obama
is a cooked goose. He is absolutely the most incompetent president of the U.S.
ever, so he continues to spin the numbers in such a manner that might make him
look good. News for him: NOTHING will make you look good. Pretty is skin deep,
incompetence goes clear to the bone. "Let his days be few; and let another
take his office." Psalms 109:8- RightStuff, Texas, USA, 7/1/2011 19:45
You know what happens when you keep
digging a hole - you reach China and that is what is going to finish the
americans and Obamarama...- Olrik, Canada, 7/1/2011 19:41
'We're digging ourselves out of a hole'
- Barack Hussein Obama To get out of a hole you've dug so deep, is to STOP
DIGGING, fill it up with soil so you can climb OUT OF THE HOLE. STOP SPENDING
OBAMA! STOP PRINTING MONEY! The US dollar is weakening against YUAN of China.
Republicans better start cutting all spending, defund/repeal Obamacare, America
is flat BROKE! If Republicans can't rein all spending created by Pelosi and her
peons, their DEBT would be BIGGER than their economy.- Observer, over here,
over there, 7/1/2011 19:33
Well the ammo index is still down, I
guess having 3,000 rounds is enough- NVBob, Richland WA USA, 7/1/2011 19:31
Fill in the hole, with Obama in it, at
the bottom!- Stan, St Louis, Missouri, USA, 7/1/2011 19:30
Jobs report an 'utter
mess'... ‘…However,
some economists were less optimistic. 'It's a bit of a mixed bag,' said Ryan
Sweet, an economist at Moody's Analytics. Many analysts hoped to see larger job
gains, and the drop in the unemployment rate is unlikely to be sustained, he
said. 'The labour market ended last year with a bit of a thud,' he said…’ China plans $1.3 billion
'seven-star hotel'... China Backs Europe, Euro for
Investing Reserves... REPORT: Too much fluoride in
US water... ] Parker: Why 'The
Adventures of Huckleberry Finn' should not be censored. Is
a Correction Inevitable? [Short answer: YES! ] Vistesen ‘The signs are clear:
risk is overloved, overbought and overextended but does this necessarily spell
the inevitable correction? [Short answer: YES! ] (click for
larger image) [chart] Since Augsut
2010 the SPY has barely touched its 50 day moving average. Indeed, it has
stayed well clear of it. Those, like yours truly, who entered 2011 fancying
some bloodletting have so far been disappointed. Plan
B Economics points to the obvious that oftentimes in the world of
investing, a choir chiming for an event to unfold is the best bet that it will
not occur.
I’ve had a
pretty good sense in the past knowing when the “correction” trade is
overcrowded. I gotta say that I definitely sense that now. Bulls are on guard
for a correction and bears are calling for one too. In fact, I’ve never seen
such a unanimous call for a correction as I do now in a long time. Near the low
of the day I saw a headline from bigcharts.com that said some portfolio manager
claimed the January correction has started. The market didn’t even go in the
red for the year yet and this guy’s already saying the correction has started?
Talk about being over-eager. I believe this group think call for a correction
means that a correction either won’t happen or will be quite shallow, well
below expectations.
As a good
friend of mine noted that this is like second-guessing the second-guesser.
Market timing is best performed when frontrunning the crowd, not standing in
the middle shouting like everyone else. On the technical side, I would like to
see two (or three) straight days of declines in the SPY before calling it.The
more interesting point is how deep (or shallow) it will be. A move to the 50
day MA marker would be something like 4.15% and come at around 1221 at current
levels. Sounds about right to me.’ [ Vistesen’s clearly an unbridled optimist!
]
Drowning
in Debt Nyaradi ‘ Everywhere I
looked yesterday, the world seemed to be drowning in debt.
DRUDGEREPORT: NYT
SATURDAY: NUMBER OF COMBAT INJURIES IN AFGHANISTAN APPROACHES IRAQ-WAR
LEVELS... DEVELOPING... 'WE'RE
DIGGING OUT OF A HOLE' ‘…Barack Obama
is a cooked goose. He is absolutely the most incompetent president of the U.S.
ever, so he continues to spin the numbers in such a manner that might make him
look good. News for him: NOTHING will make you look good. Pretty is skin deep,
incompetence goes clear to the bone. "Let his days be few; and let another
take his office." Psalms 109:8- RightStuff, Texas, USA, 7/1/2011 19:45
You know what happens when you keep
digging a hole - you reach China and that is what is going to finish the
americans and Obamarama...- Olrik, Canada, 7/1/2011 19:41
'We're digging ourselves out of a hole'
- Barack Hussein Obama To get out of a hole you've dug so deep, is to STOP
DIGGING, fill it up with soil so you can climb OUT OF THE HOLE. STOP SPENDING
OBAMA! STOP PRINTING MONEY! The US dollar is weakening against YUAN of China.
Republicans better start cutting all spending, defund/repeal Obamacare, America
is flat BROKE! If Republicans can't rein all spending created by Pelosi and her
peons, their DEBT would be BIGGER than their economy.- Observer, over here,
over there, 7/1/2011 19:33
Well the ammo index is still down, I
guess having 3,000 rounds is enough- NVBob, Richland WA USA, 7/1/2011 19:31
Fill in the hole, with Obama in it, at
the bottom!- Stan, St Louis, Missouri, USA, 7/1/2011 19:30
Jobs
report an 'utter mess'... ‘…However, some economists were less
optimistic. 'It's a bit of a mixed bag,' said Ryan Sweet, an economist at
Moody's Analytics. Many analysts hoped to see larger job gains, and the drop in
the unemployment rate is unlikely to be sustained, he said. 'The labour market
ended last year with a bit of a thud,' he said…’ China
plans $1.3 billion 'seven-star hotel'... China
Backs Europe, Euro for Investing Reserves... REPORT:
Too much fluoride in US water... CBO
Says Repeal Would Reduce Spending by $540 Billion... The
Congressional Budget Office, in an email to Capitol Hill staffers obtained by
the Spectator , has said that repealing the national health care law
would reduce net spending by $540 billion in the ten year period from 2012
through 2021. That number represents the cost of the new provisions, minus
Medicare cuts. Repealing the bill would also eliminate $770 billion in taxes.
It's the tax hikes in the health care law (along with the Medicare cuts) which
accounts for the $230 billion in deficit reduction…’
Republicans
reject cost estimate on health repeal (Washington Post) [ One thing’s certain … they’ll agree to
disagree … $14 plus trillion and counting and wobama the b for b*** s*** and co
are worried about a couple hundred billion … tax cuts to the rich … (Davis
‘… This is how we pay off our current debts and I think bondholders are
simply happy to get anything out of a country that admits it owes $15Tn (1/4 of
global GDP) but probably owes closer to $60Tn (entire global GDP) in the form
of unfunded liabilities. The funniest thing about this (and you have to laugh)
is to see Conservative pundits get on TV and talk about how we need to cut
$100Bn worth of discretionary spending to "fix" this (while continuing
to spend $1Tn on the military and $1Tn on tax cuts for the top 1% each year).
There is no fixing this and even a Republican said you can’t fool all of the
people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE
CAREFUL OUT THERE!) ‘ Then again, look at the war spending : Drudgereport: Congresswoman
calls Afghanistan 'national embarrassment'... 'Epic
failure'... Rep. Lynn Woolsey (D-CA) talks about the
"disastrous" war that is Afghanistan. "This war represents an
epic failure, a national embarrassment and a moral blight," Rep. Woolsey
said. [ True enough! Though broke, they’re still voting for more war across the
board. But even more than that, this war is a blowback-creating,
self-perpetuating, self-destructive, self-defeating, colossally expensive
debacle benefiting only the war profiteers / lobbies and attendant frauds while
diverting attention from the more ’mundane’ tasks of governance of a failing,
pervasively corrupt, defacto bankrupt nation, viz., america. ] PENTAGON
BUDGET SLASH [ Riiiiight! … What’s $80 billion on a trillion dollar tab
especially with those off-budget special items whenever they so choose. ]: OBAMA TO CUT TROOPS ON ACTIVE DUTY FEDS
BREAK GROUND ON SUPER SPY CENTER (Riiiiight! More spending on those
ultra-efficient super-spies, ie., Iraq on a lie, illegal drug ops, 9-11 NORAD
ordered to stand down, etc., though u.s. defacto bankrupt)... New
Miami Police peeping drone may be first in country; ACLU approves... Man
Arrested for Having 'Suspicious' Bagel on Plane... Ex-CIA
officer charged with leak to NYT reporter... Packages Cause 'Flash Explosions' At 2 State Gov't Buildings in
MD... One addressed to Gov... US
Treasury asks Congress to lift debt ceiling... Obama
calls Gibbs $174,000 salary 'relatively modest' ( Come on! In pervasively
corrupt, defacto bankrupt america, government jobs for the otherwise
unemployable at those levels are over-priced and over-valued, as are other
so-called executive jobs, ie., fraudulent wall street, etc.. Look at their
results! )... ] Boehner
dismisses CBO forecast that rescinding law would raise deficit by about $230
billion and leave 32 million more Americans uninsured.
Apprehension ahead of Moqtada
al-Sadr speech (Washington Post) [ What is he expected to say?: Thank
you america for bombing, invading, and destroying his nation based on a lie?
Thank you america for killing, maiming innocent children, women, and men? Thank
you america for all the depleted uranium you’ve left behind? Thank you america
for removing your america-supported mad-dog tyrant sadam hussein who foolishly
played into his cia handlers’ trap regarding that green light for Kuwait
invasion over the slant-drilling by the latter from April Glasspie. I don’t
think so, and I don’t think the rest of the world nor his fellow Iraqis think
so. ] Lawmakers across Iraq's
political and ethnic spectrums wait for word from anti-American Shiite cleric
Moqtada al-Sadr, saying his first address after returning from nearly four
years of self-imposed exile in Iran would likely say a lot about his approach
to Iraq's government.
Insurer
claims it was misled by Goldman Sachs on investment (Washington Post) [ Talk about understatements. After
all, who hasn’t been misled by goldmen sachs and fraudulent wall street
generally, on investments. Don’t forget, the worthless toxic paper commissioned
and cashed out by wall street is still out there in the trillions now marked to
anything. ] One of Goldman's clients
says it has sued the bank seeking $120 million in damages. Milbank: Getting
creative with the Constitution (Washington Post) [ Constitution? Versions? Meaningful laws? Why, this is
almost analogous or akin to the late idi amin reading the Ugandan constitution
(1995) from his grave, certainly in terms of folly! ] Constitutionalism (WP) [ Come on! Constitution … meaningful american law …
Don’t make me laugh! Wake up from the deep american sleep! Going through the
motions, flag pins, etc., ad nauseum, like a bunch of zombies! ] Krauthammer: It's a
promising step to a conservative future. Wash
Post Staffer: Constitution Impossible to Understand Because It’s Over 100 Years
Old [ In a meaningfully
lawless society as pervasively corrupt, defacto bankrupt america, constitution
/ laws have become irrelevant in application and effect. After all, even
zimbabwe has a constitution / laws, but I dare say no one would suggest they
have any practical effect in reality, as is also so in america. I therefore
believe Mr. Klein is correct but for reasons other than age and malleability.
Indeed, anyone who has written a legal brief and researched law in support
thereof, ultimately realizes that almost invariably one can find some case /
law in support of almost any position. In america today, it’s the bribe, one
way or another, that carries the day and makes the difference. Ask sam alito et
als. That’s just the way it is in a declining, fallen society as america,
zimbawe, etc.. That’s certainly my direct, sworn experience with these corrupt
courts constituting (in large part along with the other 3 branches) pervasively
corrupt, defacto bankrupt america’s illegal system. Senate convicts Clinton-appointed judge... Abolish the corrupt, costly,
economically wasteful lifetime extravagantly appointed federal courts (see RICO
case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
) End those
lifetime licenses to steal. ] In earlier hearings, two attorneys who once worked with Porteous had
testified that they gave him thousands of dollars in cash, including about
$2,000 stuffed in an envelope in 1999, just before Porteous decided a major
civil case in their client's favor. ] Breitbart | On word that the House will open its next session with a first-ever
reading of the U.S. Constitution, blogger Ezra Klein suggests that the
Constitution is irrelevant due to its age and politically-malleable language.
]Eight key economic decisions of the Obama presidency all point in one
direction. 1 in 6 Americans Live in Poverty Tradermark ‘One of the biggest
mega trends happening in America is the bifurcation of society between the
haves and the have nots. Many of the jobs the 'underclass' once did are gone
forever, while others spent freely when times were good, and when the tide
turned, have little buffer. [ Dec 8, 2007: Do the Bottom 80% of Americans Stand a
Chance? ] After all, saving for a rainy day is what boring people
do. Others really never got off the ground, as the K-12 education system has
degraded dramatically the past few decades.Frankly the underlying trend - as
bad as it is on the surface - has been hidden by multiple bubbles, and most
recently, there has been a level of government assistance never seen before. [ Nov 5, 2010: USA Today - Anti-Poverty Programs Surpass
Cost of Medicare ] In terms of government spending. This brings up a host
of issues as any changes to the social safety net are going to send millions
past GO and directly to impoverished status (and yes there are people gaming
the system, but not tens of millions). There are myriad societal effects of the
transformation of America from a relative egalitarian society in the 1960s to a
2 or 3 class system - but those are topics for other posts we have done.The
official U.S. government tally of who is living in poverty is a joke. We last
looked at it about 16 months ago [ Sep 19, 2009: US Poverty Rises to 11 Year High - But
Still Vastly Understated ] For example, if you make $23,000 for a
family of 4 - you are not in poverty. If you are single and make $14,000 you
are not in poverty. I'm not sure in what counties except for rural Mississippi
you can accomplish that cost of living, but apparently the government believes
a middle class lifestyle is available at $25K for a family of 4 in all of
America. Or at least it would be inconvenient to admit otherwise. And yes once
more let me put the caveat that being "poor" in America is different
than being poor in Malawi, but in theory we should be comparing ourselves to
other first world countries.The AP has an interesting report of a new measure
of poverty in the U.S., based on the census. It has a different band of
parameters and shows an increase over the government's incredibly generous
definition of poverty. What is striking is the large increase in those in the
over 65+ camp who fall into poverty. Due to our consumption culture (encouraged
by the government at every turn, since we've transformed our economy from good
producing to services and consumption) many are entering the golden years with
little to nothing.Where once many had their mortgage paid off by the time they
retired and hence could live on a much lower income as their largest expense
was eliminated, now after a generation of serial refinancing and cash out to
finance buying 'what we deserve', many still have the mortgage to worry about
even at age 70+. There are many other factors we've discussed often - i.e. the
move from pensions to do it yourself savings in a country where saving is a sin
and spending is worshiped, the disaster that is the 401k system, etc. Unlike
the mortgage crisis which is playing out in a relative short period of time (6-8
years), this grand economic experiment of running an economy on consumption
& services (you do my nails, I'll cut your hair, you serve me a beer, I'll
cut your lawn, you build a house, I'll default on it) is taking decades to play
out. But we're starting to see the first wave of results the past 5-10 years,
and it's not pretty.Bigger picture, there are enormous stresses being formed at
the bottom end of the society, and more and more are being caught in the net.
Anyone who truly believes there will be any serious spending cuts at the
federal level does not realize the (increasing) dependency that has been
created by the a multitude of poor decisions over the past few decades. Indeed
we fast approach the time when 1 in every 5 dollars of "income" are
government transfers. [ May 25, 2010: 1 in 5.5 Dollars of American Income Now Via
Government; All time High ] At this point, the genie is out of the
bottle and with a dysfunctional government whose only solution is layer on more
debt to kick the can down the road, our modern day plutonomy only grows in
power. [ Sep 7, 2009: Citigroup - America; A Modern Day Plutonomy ] However, there
appears nothing to be worried about since we've been well trained to parrot the
fact that as long as the S&P 500 only goes up, everything in America is
fine. Nothing to see here, move along (buy stocks as you are moving of course). AP
The number of poor people in
the U.S. is millions higher than previously known, with 1 in 6 Americans -- many of them 65 and
older -- struggling in poverty due to rising medical care and other costs, according to preliminary
census figures released Wednesday. At the same time, government aid programs
such as tax credits and food stamps kept many people out of poverty,
helping to ensure the poverty rate did not balloon even higher during the recession in
2009, President Barack Obama's first year in office. Under a new revised census
formula, overall poverty in 2009 stood at 15.7 percent, or 47.8 million people . That's compared to the
official 2009 rate of 14.3 percent, or 43.6 million, that was reported by
the Census Bureau last September. Across all demographic
groups, Americans 65 and older sustained the largest increases in poverty
under the revised formula -- nearly doubling to 16.1 percent . As a whole, working-age
adults 18-64 also saw increases in poverty, as well as whites and
Hispanics. Children, blacks and unmarried couples were less likely to be
considered poor under the new measure. The new measure will not
replace the official poverty rate but will be published alongside the
traditional figure this fall as a "supplement" for federal
agencies and state governments to determine anti-poverty policies. Economists have long
criticized the official poverty measure as inadequate because it only
includes pretax cash income and does not account for medical,
transportation and work expenses . ( much like inflation, as long as you don't eat, use
energy, pay for healthcare, or have kids in college - you are fine. For
poverty as long as you don't go to the doctor, need to drive to work, need
daycare, or wear clothes at work - your income is sufficient) "Under the new
measure, we can clearly see the effects of our government policies,"
said Kathleen Short, a Census Bureau research economist who calculated the
revised poverty numbers. "When you're accounting for in-kind benefits
and tax credits, you're bringing many people in extreme poverty off the
very bottom." The official measure is based
on a 1955 cost of an emergency food diet and does not factor in other
living costs. (that is perverse ) Nor does it consider non-cash government aid
when calculating income, which surged higher in 2009 during the recession. The effect was seen most
notably among older Americans. Under the official poverty rate, about 8.9
percent lived in poverty, mostly because they benefit from Social Security
cash payments. But when taking into account out-of-pocket medical expenses
and other factors, that number rises to 16.1 percent. Among the findings: -Without
the earned income tax credit, the poverty rate under the revised formula
would jump from 15.7 percent to 17.7 percent. --The absence of food
stamps separately would increase the poverty rate to 17.2 percent. those without insurance
tend to forgo medical care rather than find ways to pay for it.
[ Feb 20, 2009: NYT - Newly Poor Swell Lines @ Food Banks
Nationwide ]
[ Oct 22, 2010: Reuters - The Haves, the Have Nots, and the
Dreamless Dead ]
[ Sep 3, 2010: FT.com - The Crisis in Middle America ] July 26, 2010: [Video] DatelineNBC - America's Increasing
Ranks of Poor ]
original article ’
As
euro zone expands, tension remains between weak, strong (Washington Post) [ Sounds like a scenario analogous to
that in the USSAD, united soviet states of american disunity. After all, how
can you justify fraudulent (ie., wall street, etc.) national sinkholes as mob
corrupted new york, mob-infested, pervasively corrupt jersey, etc..] German deficit hawks gained an ally Saturday when
Estonia became the 17th member of the euro zone. U.N.
group warns of possible food crisis (Washington Post) [ Possible? How ‘bout
it’s already begun and hence, inevitable particularly since worldwide with few
exceptions in looking to the u.s. as analogous to the self-destructive
compulsion of an addict or drunk they’ve jumped on the american crazy train,
from perpetual wars, to profligate spending, to over-printing of fiat paper
currencies, to mark to anything burial and cover-up and no-pros of fraudulent
paper schemes of the fraudulent wall street ilk / variety, etc. ] The Food and Agricultural Organization
said Wednesday that the world faces a "food price shock" after the
agency's benchmark index of farm commodities prices shot up last month.
IRS
ombudsman: Heavy hand isn't working (Washington Post) [ Heavy hand, indeed; but in reality, a weak one at
that BECAUSE, you can’t pay what you don’t have … then again, many people are
wondering just what they’re paying for in these admittedly hard times; viz.,
perpetual and protracted wars, bailouts for the opulent frauds on wall street,
profligate spending, rich plushly accoutered federal jobs for slugs of
different stripes and failed performance, etc.. ] By making it harder for taxpayers to get back on their feet, the
IRS might actually reduce long-term tax collections, an in-house report says. How
the recession imploded states' finances (Washington Post) [ This is truly no joke! Municipal
Debt Threatens U.S. Economy Lim ‘The debt crisis that has taken
down banks, and even countries, threatens more than 100 American municipalities
this year. According to Meredith Whitney, who works as a US research analyst,
local and state debts are the biggest concerns to the US economy today. It is
large enough to derail economic recovery.
She said that,
There’s not a
doubt on my mind that you will see a spate of municipal bond defaults. You can
see fifty to a hundred sizable defaults – more. This will amount to hundreds of
billions of dollars’ worth of defaults.
American states
and cities have a total debt load of around $2 trillion.
New Jersey
government Chris Christie summarized it clearly,
We spent too
much on everything. We spent money we didn’t have. We borrowed money just
crazily. The credit card’s maxed out, and it’s over. We now have to get to the
business of climbing out of the hole. We’ve been digging it for a decade or
more. We’ve got to climb now, and a climb is harder.
Cities from
Madrid to Detroit are struggling to pay off even just basic services such as
street cleaning. Ms. Whitney’s comments are likely to put focus on municipal
bonds. She is ranked as one of the most influential women in American business.
While working for Oppenheimer, a New York investment bank, she predicted that
Citibank will cut its dividends. Although she suffered from a lot of criticisms
then, her analysis proved to be correct as the bank was forced to seek
government bail-out. Ms. Whitney has since started her own consulting firm.
Deficit Already
Affecting Public Spending
American states
have spent almost $500 billion more than tax revenues. In addition, they face
another $1 trillion hole in pension funds. Already, Detroit is cutting road
repairs, cleaning services, police, and lighting expenditures which affects 20%
of the population. The city has suffered from nearly two decades of decline due
to US auto outsourcing. It no longer generates enough wealth to provide
services to its 900,000 inhabitants. Meanwhile, Illinois is suffering from
similar ills after spending twice as much as it generated in tax. It is already
six months behind on creditor payments. It owes $400 million to the University
of Illinois alone and has 21% chances of defaulting on its debts. According to
CMA Datavision which is a derivatives information company, this percentage is
more than any other state. Other states such as California and Arizona are also
taking steps to solve their debt problems. California has raised university
tuition fees by 32% while Arizona sold its Supreme Court and state capitol
buildings before leasing them back. Florida is another state that may be hit by
a default; this state is the center of a real estate boom that went best
recently.
Philip Brown,
the managing director of Citigroup in London said that,
It’s all part
of the same parcel: public sector indebtedness needs to be cut, it needs a lot
of austerity and it hit the central government first, and now is hitting local
bodies.
Unlike banks
and other financial institutions, “cities are their own”. According to Andres
Rodriguez-Pose, a professor of economic geography at the London School of
Economics, “cities will have to pay for their debts, and in some cases they
will have to carry out dramatic cuts, such as Detroit’s.” If there is a city
that best symbolizes distressed local finances, it is Vallejo in California.
Vallejo is a former US navy town located near San Francisco. It has entered
into Chapter Nine bankruptcy protection in 2008 and the effects are still
resonating up to this day. The city is trying to negotiate with the unions,
which has refused to accept a plan to cut salary two years ago. Vallejo has a
population of around 120,000 but it carries $195 million in unfunded pension
obligations. The town does not have enough local industry to sustain its
finances; property tax collection dropped dramatically upon the collapse of the
real estate market. Vallejo is given a C rating by Standard & Poor, the
lowest level. US cities are more susceptible to defaults than their European
counterparts because it relies mainly on municipal bonds while European towns
depend on government bailouts and bank loans.
Gold
Expectations for 2011
Now, let’s take
a look at long-term gold chart (courtesy of StockCharts.com ) to see how
bullion fared this week:
[chart] For some time,
gold has tried to break the upper border of the rising trend channel. Gold
prices have been wavering from $1,340 to $1,423 since October 5 with a general
upward slope. It has often just fallen by a fraction below the rising trend
line. There are signs that a break-out could be seen soon. We take into account
that gold is quite bullish at the onset of a new year. The $1,600 target still
seems realistic for the early part of 2011. 2010 ended on a high note for
precious metals. Gold ended the year at $1,421 an ounce while silver is at
$30.91 an ounce. Overall, gold prices rose by 30% in 2010 while silver leaped
80%. Prognostications abound in 2011. These forecasts consider the outlook for
currencies, inflation, and interest rates in the world’s largest economies.
We’ll examine some of the trends that may influence gold prices:Gold prices
tend to rise in times of projected or actual inflation due to the bullion’s
status as a “safe haven” asset. Investors who are seeking an asset that reacts
favorably to currency devaluation and inflation typically move some of their
wealth into gold. Right now, the Fed is more concerned about deflation rather
than inflation. As such, they show little reluctance to flood the US economy
with dollars. Meanwhile, countries such as India and China want stronger
economic growth. The result of this is higher inflation. China’s prices are now
5.1% higher compared to a year ago while India projects an inflation of 5.5% by
March 2011. But the correlation between high inflation and high gold prices
isn’t set in stone. Although more inflation will initially favor high gold
prices, the countervailing policy of keeping interest rates to control
inflation sometimes makes interest-bearing instruments more attractive. As of
now, however, rates are not high enough to have an impact on gold prices.
Historically, the first two months of the year are good for gold. Buyers seek
back the gold positions they shed going into the New Year. The continuing
inflationary concerns can further support prices in 2011. The Reserve Bank of
India said that inflation is not slowing down as quickly as desired. In the US,
there are reports that companies are experiencing higher costs for staffing
and/or materials, but these costs are not yet being felt by the customers.
According to Frank Holmes, the CEO of US Global Investors, “The two pillars of
gold are, in any country’s currency, are negative real interest rate and
deficit spending.” Mr. Holmes believes that low interest rates won’t go away
anytime soon as this would be “catastrophic” to the financial system.’
Video:
State pensions face 'death spiral' Wash.Post (It’s
not just state and local … it’s national, ie., social security, medicare,
Medicaid, veterans, etc., and as well, some companies. ) Sept. 15 (Bloomberg)
-- U.S. state pensions such as Illinois, Kansas and New Jersey are in a
"death spiral," with assets at many insufficient to cover benefits,
payouts consuming a growing portion of resources and costs rising twice as fast
as investment gains. Bloomberg's Monica Bertran reports. (Source: Bloomberg)
(Bloomberg) ] The recession blew a huge hole in the already shaky finances of
state governments, causing them to lose nearly one-third of their revenue in
2009, according to a Census Bureau report released Wednesday. Fed's
bond-buying strategy looks likely to run its course (Washington Post) [
Neither rain, nor sleet, but only depletion of trees for current and
prospective fiat paper currency printing can keep the no-recession-fed from
their wall street obsessive market-frothing rounds (which will end quite badly
… as such always has … and always will).
] Federal Reserve officials appear unlikely to stop their controversial
strategy of buying Treasury bonds.
Newly
appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned
the RICO case despite the conflict of interest in light of hundreds of
thousands of dollars of illegal (drug) money being laundered through the
Trump casinos by the RICO defendants, and despite my motion to recuse her
which motion she heard herself and denied, and U.S. Trustee Hugh Leonard
with whom I met personally refused to join or file a separate motion to
recuse and not long thereafter left said office for private practice at
Cole, Shotz, et als on retainer with the RICO defendants as his primary
client. Probative
and evidentiary documents, affidavits, exhibits, including those turned
over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to
Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the
U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S.
Attorney, and went over said documents and their probative value with him.
Within approximately a month thereafter upon inquiry I was told that
Jonathon Lacey was no longer with the office, that the file/documents
could not be located, and that there was no further information available
concerning contacting him or his location. I thereupon delivered by hand,
copies of said documents to the office of then U.S. Attorney Alito,
addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one
mob case he had brought, bungled, lost (accidently on purpose?) since I
was suing some mob-connected under RICO and the court (I had known /
previously met outside of court the judge Ackerman through a client) was
absolute bedlam and a total joke since incompetent corrupt Alito brought
in all 20 mob defendants (rather than prosecute one or a few to flip them
first) who feigning illness had beds/cots in the courtroom along with
their moans during testimony and had the jury in stitches. As much as I
hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe
corrupt because he is inept). After a reasonable (but still rather short)
time I called to determine the status and was told that Alito was no
longer with the Office of the U.S. Attorney, that he was (appointed) a
federal judge, and that neither the documents nor any file or record of
same could be located. Alito did parley the same / cover-up into quid pro
quo direct lifetime appointment to the Court of Appeals, 3rd circuit,
despite the absence of judicial experience or successful tenure as U.S.
Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that
now sits on the purported highest court in the land. The real application
of the illegal rule ‘don’t ask, don’t tell’.
October 15, 2010 (*see infra)
Steven M. Martinez, Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3 copies of the within DVD rom autorun disk (which will
open in your computer’s browser) as per your office’s request as made this day
(the disk and contents have been scanned by Avast, McAfee, and Norton which
I’ve installed on my computer to prevent viral attacks / infection and are
without threat). I also include 1 copy of the DVD as filed with the subject
court as referenced therein (which files are also included on the aforesaid 3
disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as
you’re aware, the RICO Act is a criminal statute which provides a civil remedy,
including treble damages and attorney fees, as an incentive for private
prosecution of said claims probably owing to the fact that the USDOJ seems
somewhat overwhelmed and in need of such assistance given the seriousness and
prevalence of said violations of law which have a corrupting influence on the
process, and which corruption is pervasive). A grievance complaint against Coan
was also filed concurrently with the subject action and held in abeyance
pending resolution of the action which was illegally dismissed without any
supporting law and in contravention of the Order of The Honorable Robert N.
Chatigny, Chief Judge, USDC, District Connecticut. The files below the
horizontal rule are the referenced documents as filed. (Owing to the damage to
the financial interests of both the U.S. and the District of Congresswoman
Roybal-Allard, viz., Los Angeles, the Qui Tam provisions
of the Federal False Claims Act probably would
apply and I would absent resolution seek to refer the within to a firm with
expertise in that area of the law with which I am not familiar) .
The document in 5 pages under penalty of
perjury I was asked to forward to the FBI office in New Haven is probably the
best and most concise summary of the case
RICO Summary to FBI Under Penalty
of Perjury at Their Request (5 pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I received from the Congresswoman by way of email
attachment (apparent but typical problem with my mail) along with my response
thereto is included on the 3 disks as
fbicorrespondencereyes.htm .
With regard to the calls to the
FBI’s LA and New Haven, CT offices: There was one call to the LA office and I
was referred to the Long Beach, CA office where I personally met with FBI Agent
Jeff Hayes to whom I gave probative evidentiary documents of the money
laundering which he confirmed as indicative of same (he was transferred from
said office within approximately a month of said meeting and his location was
not disclosed to me upon inquiry). The matter was assigned to FBI Agent Ron
Barndollar and we remained in touch for in excess of a decade until he abruptly
retired (our last conversation prior to his retirement related to the case and
parenthetically, Rudy Giuliani whose father I stated had been an enforcer for
the mob to which he registered disbelief and requested I prove it, which I did
– he served 12 years in prison, aggravated assault/manslaughter? – and no,
there is no Chinese wall of separation – Andrew Maloney’s the one that
prosecuted gotti).
In contradistinction to the statement in said correspondence, there is a
plethora of information including evidence supporting the claims set forth in
the RICO VERIFIED COMPLAINT (see infra). Such includes and as set
forth in the case, inter alia,
1.
A judgment had been entered in my favor in the case,
United States District Court Case #3:93cv02065(AWT)(USDCJ Alvin Thompson),
worth approximately now in excess of $300,000 remains unaccounted for and which
could be used for payment to creditors, Los Angeles, etc..
2.
Counsel Robert Sullivan on my behalf documented by way of
certification upon investigation that Alan Shiff, USBCJ, had falsely stated a
dismissal upon which false statement he predicated a retaliatory and spurious
contempt proceeding against me causing substantial damage, and for which he
sought Judicial Notice of those and related proceedings as did I in some of my
filings.
3.
The Order of Dismissal With Prejudice by Alan Shiff,
USBCJ, owing to Defendant Coan’s failure to file anything whatsoever by the
court’s deadline causing creditors and me substantial damages: [
Shiff Order of Dismissal With Prejudice on Coan’s Failure to File Page 1 Page 2 ]
4.
Defendant Coan had filed an action against me to prevent
me from suing him which necessitated me to fly to Connecticut for a hearing
before The Honorable Robert N. Chatigny, Chief Judge, USDC, District of
Connecticut, who denied Coan’s requested relief as to Coan but precluded my
action against Shiff (although there is no immunity, judicial or otherwise, for
criminal acts, ie., fraud connected with a case under Title 11, USC, etc.) .
[ transcript in pertinent part - crossexamofcoanbypeia.pdf
]
5.
Newly appointed judge, Maryanne Trump Barry, Donald
Trump’s sister, was assigned the RICO case despite the conflict of interest in
light of hundreds of thousands of dollars of illegal (drug) money being
laundered through the Trump casinos by the RICO defendants, and despite my
motion to recuse her which motion she heard herself and denied, and U.S.
Trustee Hugh Leonard with whom I met personally refused to join or file a
separate motion to recuse and not long thereafter left said office for private
practice at Cole, Shotz, et als on retainer with the RICO defendants as his
primary client.
6.
Probative and evidentiary documents, affidavits, exhibits,
including those turned over to FBI Agent Jeff Hayes in Long Beach, CA, had been
given to Assistant U.S. Attorney Jonathan Lacey with whom I met personally at
the U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was U.S.
Attorney, and went over said documents and their probative value with him.
Within approximately a month thereafter upon inquiry I was told that Jonathon
Lacey was no longer with the office, that the file/documents could not be
located, and that there was no further information available concerning
contacting him or his location. I thereupon delivered by hand, copies of said
documents to the office of then U.S. Attorney Alito, addressed to him, with
assurance they would go directly to him. In addition to
being inept [ I looked in on the one mob case he had brought, bungled, lost
(accidently on purpose?) since I was suing some mob-connected under RICO and
the court (I had known / previously met outside of court the judge Ackerman
through a client) was absolute bedlam and a total joke since incompetent
corrupt Alito brought in all 20 mob defendants (rather than prosecute one or a
few to flip them first) who feigning illness had beds/cots in the courtroom
along with their moans during testimony and had the jury in stitches. As much
as I hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe corrupt
because he is inept). After a reasonable (but still rather short) time I called
to determine the status and was told that Alito was no longer with the Office
of the U.S. Attorney, that he was (appointed) a federal judge, and that neither
the documents nor any file or record of same could be located. Alito did parley
the same / cover-up into quid pro quo direct lifetime appointment to the Court of
Appeals, 3rd circuit, despite the absence of judicial experience or
successful tenure as U.S. Attorney (Maryanne Trump Barry as well). This is the
same Sam Alito that now sits on the purported highest court in the land. The
real application of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety
coverage and neither LA, nor creditors, nor I should continue to have been
damaged by this brazened corrupt and illegal scenario, which should be resolved
in accordance with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5 th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but
there are unresolved problems with the line, computer connection may be the reason
but I hesitate to chance greater non-performance / worsening by their ‘fix’ so
cell phone best for contact).
----------
*The foregoing and as indicated therein was previously send 9-14-10 but
delivery confirmation was flawed as set forth below and my inquiries to the
u.s. postal service rebuffed (I believe tampered with inasmuch as your office
could not locate same). This cover letter (9-13-10) is on the 3 disks with
navigable hyperlinks to the subject files for ease of reference, including the
files in the RICO action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC
Secretary, who indicates once again that your office has not received the
aforesaid and which can reasonably be presumed to have been tampered with, and
hence, a violation of the federal statute concerning same. ]
Protection
bureau to hire general's wife (Washington Post) [ Wow! Sounds
like a plan! Talk about insiders and concentrations of power. After all, would
you argue with anything sweet Holly Polly Petraeus proffered with the full
weight of the military behind her. Somehow, though I’m not goin’ to talk ‘bout
smell tests here (you know, that ‘weight of the military thing’), there seems
to be something amiss, not quite right here, ‘cause what and why Hollywood do
this or that …’ ] Holly Petraeus will
lead Consumer Financial Protection Bureau's Office for Service Member Affairs. Regional
unemployment edges down in November (Washington Post) [ No surprise
there with the layer upon layer of bureaucracy, including the alphabet soup
kitchens, viz., cia, nsa, dod, doj, etc., whose ranks can include loads of
temps, gophers, waiters, ‘runners’, (you know, make-shift / make-work jobs,
etc., to froth numbers, despite the nation’s defacto bankruptcy and reality
beyond the bubble. Jobless
Recovery?: 25 Unemployment Statistics That Are Almost Too Depressing To Read ‘… Unemployment
is up again! That’s right – even though Wall Street is swimming in cash and the
Obama administration is declaring that “the recession is over”, the U.S.
unemployment rate has gone even higher. So are you enjoying the jobless
recovery? … There is a sea of red ink on every level of American
society. It is only a matter of time before it destroys our economy. IF YOU THINK THAT
THINGS ARE BAD NOW, JUST WAIT. THINGS ARE GOING TO GET A WHOLE LOT
WORSE. A HORRIFIC ECONOMIC COLLAPSE IS COMING, AND IT IS GOING TO BE
VERY, VERY PAINFUL.’
Howard Davidowitz on the Economy:
"Here Are the Numbers ... WE'RE BROKE!" 11-25-10
‘The
U.S. economy "is a complete disaster," Howard Davidowitz declared here in July, the most recent in a string of dire predictions from Tech Ticker's most entertaining
guest.On the eve of Thanksgiving, I asked Davidowitz if he had any regrets, or
was ready to throw in the towel given recent signs of economic revival. Are you kidding me? "Here are the numbers...we're
broke," Davidowitz declares, noting the U.S. government goes $5 billion
deeper into debt every day and is facing $1 trillion-plus annual deficits for
the next decade. "In other words, we're bankrupt."As with the
economy, Davidowitz is unwaveringly consistent in his views on President Obama,
calling him "deranged, dysfunctional and discredited."Results of the
midterm election show "the people of this country think we are in a
catastrophe," he says. "I'm with them."Check the accompanying
video for more of Howard's unfettered opinions and stay tuned for additional clips from this interview. And...Happy
Thanksgiving! Aaron
Task is the host of Tech Ticker. You can follow him on Twitter at @atask [email protected]
Timid
Tuesday: Is it Safe? Davis ‘… This is how we pay off our current
debts and I think bondholders are simply happy to get anything out of a country
that admits it owes $15Tn (1/4 of global GDP) but probably owes closer to $60Tn
(entire global GDP) in the form of unfunded liabilities. The funniest thing
about this (and you have to laugh) is to see Conservative pundits get on TV and
talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS
TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘
] The Washington region's unemployment rate dipped only slightly in
November from a year ago. New
Congress, old style (Washington Post) [ Come on! It’s articles like this,
particularly lately by Mr. Milbank, that’ve been hurting my eyes and ears. One party / administration more corrupt
than another in pervasively corrupt, defacto bankrupt america? You’d need a
micrometer to discern the difference. Those dogs don’t hunt no more. It’s not
so long ago that one can’t remember (Reagan / bush) Iran Contra (which was just
another excuse for operatives / cia / etc., to enrich themselves via illegal
drug trade / arms which they’d do anyway but wrap themselves in the flag as
so-called patriots for legal protection, ie., that so-called purported
‘technicality’ (bribe) that threw out knucklehead accomplice ollie north’s
felony, etc., dumbya bush’s war crimes, war on a lie, wall street’s rampant and
protected fraud, war profiteering, the clinton scandalous, etc., years. All
three branches of the u.s. government are hopelessly and pervasively corrupt. (see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
) . But, let us
also grudgingly admit that any accusation of corruption in american government
is at least on its face, true; because, it really is true despite the concomitant
reality of the ‘pot calling the kettle black’ scenario. ] Milbank: The new GOP majority and its leader, Eric Cantor, are acting a lot like
the Dems they beat. Lindsay Lohan Moves Out Of Hollywood
& In To Venice, CA TV.com [ Public Enemy No. * - Right … No! This is ridiculous! In California of all
places (where crime rates, including violent serious crimes, as in america generally
are understated across the board and yet america can boast the highest crime
rates in world by far. After all, didn’t that pathetic former male model /
actor / pretender schwarzenegger cut by more than half the sentence for murder
/ manslaughter to politically juice his own end of days scenario.
Schwarzenegger is living proof of the substantial brain damage attendant to
steroid use. The ‘tough on crime change meister’ … What a total gutless wonder
and fraud schwarzenegger turned out to be … and no small wonder he’s pluggin’
for a position in the wobama administration. )
] Due to conflicting reports as
to whether or not Lindsay Lohan is actually out of rehab right now, we aren't
entirely sure where in the world the troubled starlet is at the moment. Palm
Desert PD Gunning for Lindsay From the Get-Go TMZ.com People:
Lindsay Lohan may go back to jail San Jose
Mercury News What it took to get the defense spending bill
passed (Washington Post) [
Given the defacto bankrupt status of the nation, I’d say, like the
unprecedented and insurmountably great national debt, unprecedented and
insurmountably great stupidity. Drudgereport: NATIONAL DEBT TOPS $14 TRILL Howard Davidowitz on the Economy:
"Here Are the Numbers ... WE'RE BROKE!" 11-25-10
‘The
U.S. economy "is a complete disaster," Howard Davidowitz declared here in July, the most recent in a string of dire predictions from Tech Ticker's most entertaining
guest.On the eve of Thanksgiving, I asked Davidowitz if he had any regrets, or
was ready to throw in the towel given recent signs of economic revival. Are you kidding me? "Here are the numbers...we're
broke," Davidowitz declares, noting the U.S. government goes $5 billion
deeper into debt every day and is facing $1 trillion-plus annual deficits for
the next decade. "In other words, we're bankrupt."As with the
economy, Davidowitz is unwaveringly consistent in his views on President Obama, calling
him "deranged, dysfunctional and discredited."Results of the midterm
election show "the people of this country think we are in a
catastrophe," he says. "I'm with them."Check the accompanying
video for more of Howard's unfettered opinions and stay tuned for additional clips from this interview. And...Happy
Thanksgiving! Aaron
Task is the host of Tech Ticker. You can follow him on Twitter at @atask [email protected]
Timid
Tuesday: Is it Safe? Davis ‘… This is how we
pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE OF CARDS IS
TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ ] Israeli
troops kill Palestinian man at checkpoint in West Bank (Washington
Post) [ Could you imagine if it was a jew who was killed. Beyond the stereotype
which is easily envisioned, you’d never hear the end of it. But israel sees no
need to adhere to laws governing the civilized throughout the world, from
illegal nukes, to u.n resolutions (ie., 343, 338, etc), international law,
etc., and hence, the strife we see in the region and throughout the world. ] U.S.-built
infrastructure is deteriorating (Washington Post) [ At first glance, I
thought this article was miscategorized as a national story in the World
section. Indeed, there’s no denying the truth of the title as to america
generally, domestically. Yet, the tragedy is that the tainted, destructive,
self-defeating wars for america have been a boon for war profiteers, frauds of
all stripes, when this defacto bankrupt america is sorely in need of repair,
replacement of its own shoddy, aging infrastructure suffering from the domestic
equivalent of similar scams, kickbacks, shoddy workmanship and all. After all,
it got to the point that they didn’t even go through the motions / façade and
actually flew $12 billion in hundred dollar bills into Iraq which to this day
is unaccounted for / unprosecuted … like the wall street frauds, since the
worthless toxic paper cashed out by wall street is still out there in the
trillions now marked to anything. ] Roads, canals and schools built in
Afghanistan as part of a special U.S. military program are crumbling under
Afghan stewardship, despite new steps imposed over the past year to ensure
reconstruction money is not being wasted, according to government reports.
Bank
of America settles loan dispute with Fannie, Freddie (Washington Post) [ Guess they’re just looking for some
year end bonus money (maybe not, depending on the controls, if any, if enforced
– they weren’t last year). After all, though I believe the wall street frauds
have been cashing out, albeit somewhat surreptitiously by way of QEs 1,2, etc.,
and for ever more worthless over-printed fiat dollars, that ‘toxic’ worthless
paper is still out there in the many trillions marked to anything. Indeed, Davidowitz adds that with record numbers of americans on
food stamps, real unemployment at 17+, wall street is giving out record bonuses
from their accomplished fraud (with no-recession b.s. bernanke help) of $144
BILLION … ] Fannie Mae and Freddie Mac have accepted
$2.8 billion from Bank of America to largely put to rest claims that the bank
sold them faulty loans. Incoming
House GOP chairmen have a long list of issues to investigate (Washington Post) [ Yeah … Sounds like a plan! … One
that requires backtracking at least to dumbya bush days and war based on a lie
with wobama taking up where dumbya bush left off; viz, that perpetual war thing
though the nation’s defacto bankrupt. Then there’s the still no pros for the
largest and most massive securities fraud in the history of the world with consequences
still extant to the tune of trillions in toxic / worthless paper now marked to
anything they so choose as per legislative mandate via FASB rule change (bush’s
and surprising to some wobama’s base) . A full plate, there is no doubt. But,
butt, just posturing, politicking, don’t look for anything of consequence
though there’s plenty there. Then there’s zionist peter king of the national
sinkhole new york ( / new jersey- Bankrupt
Government Has Plans For Your Unused Gift Cards. [Mob infested,
(and like america, generally) pervasively corrupt, meaningfully lawless and
defacto bankrupt toxic, disgusting jersey is just doing what they’ve done for
at least decades … no surprise here. (see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
) ] Jason Douglass ‘…Saving up this years gift cards to make a large purchase? You better
use them up fast because state governments like New Jersey think they have a
better use for that money. In an attempt to save themselves from obvious
mismanagement, state authorities have begun steps to confiscate the balance
left on your unused gift cards. Arguably, gift cards are one of the biggest
scams going. Most consumers have been exposed to gift card’s eccentricities and
know how impossible it is to use all the money on the card. Then, once the
transaction is complete, it is twice as difficult to get the remainder of the
balance left on the card in cash. Now our public officials want to get in on
the scam.Large amounts of unused cash are locked away in these effective little
marketing devices and New Jersey thinks they have a right to seize that money
from you. In fact, they’ve already taken the steps to do just that…’ ] Market
Crash on 1/31/11? Technical
indicators suggest market collapse may begin by January 31 st
Is
This a Major Market Top? [ Truth be told, there was a time when I read Barron’s
with great regularity (no more). I never missed Alan Abelson’s incisively sharp
wit and the market laboratory, the latter being supplanted by readily
accessible numerical data on the web. I also don’t recall Alan Abelson ever
being wrong and I don’t think he’s wrong here, particularly when you consider
the costs, fraud, and insanity underlying this manipulated and inflated stock
market which bubble is at best a (contrived) bull cycle in a secular bear
market. ] Roche ‘With economic recovery still in doubt and sentiment readings
at their highest levels since the S&P 500 topped in 2007, some market
prognosticators find the latest surge in stocks to have been irrational. There
is now a near universal belief that stocks have but one direction to go and
that has some investors feeling uneasy. This
weekend’s Barron's showed the diametrically opposing views as two of their leading
columnists (Alan Abelson and Mike Santoli) discussed why they believe this is a
major market top (or not).
Abelson refers to a certain veteran market technician
(whom he doesn’t identify):
And he shares
our concern about the epidemic of optimism that has gripped the Street,
manifest in any number of wildly bullish forecasts for the market in 2011. It
is the kind of explosive optimism that is usually witnessed, he says more in
wonder than rue, at market tops, either temporary or something worse.
He doesn’t buy
the argument that the huge stash of cash supposedly sitting on the sidelines is
a guarantee of a steady source of fuel for the equity rally. Rather, he calls
that hefty pile of cash, which is being augmented by a fresh infusion from
fixed-income investors now that bonds are getting clocked, “scared money.” It
belongs, he elaborates, to folks who all this time have been leery of
committing their dough to stocks but, thanks to December’s quantum leap in
share prices, have grown increasingly fearful of missing the next leg up, and
are itching to put all that scratch to work.
That such
nervous-newbie equity buyers will stay the course and step up their buying
after the initial, inevitable correction is hardly a given. Our bet is that
they would jackrabbit out at the first hint of trouble.
The peerless
technician is also bothered by the leadership of the end-of-the-year rally.
More specifically, the shares of commodity-related companies are in the
vanguard of the advance at a time when China, the big global buyer of virtually
every commodity known to man, is striving to rein in inflation. It is no
accident, he suggests, that Chinese stock markets have been lagging, and he
feels they may prove a pretty good precursor for our own dear market.
In sum, he sees
stocks making at least a temporary top early in the new year. It’s hard to say,
he readily admits, just how bad or enduring a setback equities will suffer. But
obviously, he’s talking something more substantial than a flickering decline or
a tiny crack.
Santoli’s case
against a major market top has been more commonly discussed:
The reasons the
bulls are bullish are also pretty universally agreed upon. The industrial
economy has gathered some momentum, the emerging markets are surging, companies
are flush, profits look set to rise decently again, the Federal Reserve is
seeking new ways to penalize risk aversion, taxes won’t go up and the market
tends to do well in the year after a midterm election.
And we can add
to the list the likelihood that another financial-engineering cycle is just
getting into gear, so expect lots of equity-friendly refinancings by stretched
companies, re-leveraging by cash-rich ones and buyouts hither and yon.
The thing is,
it’s all pretty much true. And because of that, and given that stock valuations
are not excessive, it’s tough to think a likely pullback or worse would signal
some major top.
Indeed, the
happy feeling and the recent climb in margin borrowing and drop in short
interest, by one way of looking at them, simply show that what has been a bull
market for the better part of two years is finally being viewed as one. The
last time we had such a run of investor optimism, indeed, was late 2004, before
a calm but not terribly exuberant year.
The risk, then,
is more about the near term, about expectations of ease meeting some unforeseen
complication early this year, and that what’s likely to be a firm fundamental
and technical case for riskier financial assets in 2011 has, to a fair degree,
been priced in by the market lift of late 2010.
Interestingly,
both appear to agree that the major risk is in the near-term. Santoli, however,
clearly believes any sell-off will prove to be a buying opportunity. Abelson
tends to still be in the bear market camp. Major market top or a prelude to a
continuation of the bull market? Only time will tell.
Source:
Barron's’
Gerald
Celente: What’s in store for 2011 RT | “Were going to see
more and more cyber attacks, just like we saw with WikiLeaks,” explained
Celente.‘What’s in store for the world in 2011? Trends forecaster Gerald
Celente of the Trends Research Institute provided his insights on the year
ahead. Will the people of the world wake up to a dire economic reality? Will
the US dollar or the value of gold prevail? Will hardship-driven crimes be
committed across the socioeconomic spectrum by legions of the on-the-edge
desperate? Will the “War on Terror” morph into the “War on Crime,” where all
Americans are suspects until proven innocent? Will governments try to eliminate
free access to the web and literally shut down computers and websites they
consider a threat to national security? Will the seeds of revolution be
sown?Celente argued that all of the above will take place in some shape or
form. There will be a wakeup call on the economy, a crack down on the people
and a loss of liberty, and also an increase in Journalism 2.0, alternative
energy and a growth in cyber war tactics. “Look what’s happening now. You name
the city,” he said.“The people are getting hit on at every level.” The banks
and governments are robbing the people and will continue to do so, he argued.
“What they are going to do, is they are going to make up the slack by going
after the little people at every level; licensing fees, parking fees, you name
it, they’re going to squeeze every dollar out of the people,” Celente
commented.“If you go five miles over the speed limit there’s a cop waiting for
you.” Gold will run high in 2010, as the federal resave continues to dump US
currency into the system gold will rise much higher, possibly even double in
value over the next year. In the name of terror the government will clamp down
on the people, crime will rise as dissatisfaction with the economy and government
policies rise. “Big Brother will be watching!” Celente said. “We even have
Wal-Marts as a rat for the homeland security division to call them up and let
them know if anything is untore that they should know about and they are
talking now about expanding homeland terrorist security in hotels and shopping
malls.” The US government will be watching every move every person makes. “They
are going to clamp down more and more as people continue to complain more and
more about the injustices that are happening, particularly on the economic
front,” he explained. “When people lose everything, and they have nothing left
to lose, they lose it! As people keep losing it, the government will crack down
even tighter.” Looking forward, cyber warfare will grow further, becoming a new
type of warfare for the 21st century. Those in cyber industry have a strong
future, he added.“Were going to see more and more cyber attacks, just like we
saw with WikiLeaks,” explained Celente. “We’re going to see worldwide cyber
crime. In the end, the world will end in 2011,” said Celente, but what that
means exactly he wouldn’t say.’
Bankrupt
Government Has Plans For Your Unused Gift Cards. [Mob invested,
(and like america, generally) pervasively corrupt, meaningfully lawless and
defacto bankrupt toxic, disgusting jersey is just doing what they’ve done for
at least decades … no surprise here. (see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
) ] Jason Douglass ‘…Saving up this years gift cards to make a large purchase? You better
use them up fast because state governments like New Jersey think they have a
better use for that money. In an attempt to save themselves from obvious
mismanagement, state authorities have begun steps to confiscate the balance
left on your unused gift cards. Arguably, gift cards are one of the biggest
scams going. Most consumers have been exposed to gift card’s eccentricities and
know how impossible it is to use all the money on the card. Then, once the
transaction is complete, it is twice as difficult to get the remainder of the
balance left on the card in cash. Now our public officials want to get in on
the scam.Large amounts of unused cash are locked away in these effective little
marketing devices and New Jersey thinks they have a right to seize that money
from you. In fact, they’ve already taken the steps to do just that…’ Treasury
Department shifts its stake in Ally Financial (Washington Post) [ Oooooh!
Sounds like a plan (with only those tiny pikers fannie and freddy to follow) …
till the next debacle … which will be coming soon to a theater near you …
Tipping
Point: 25 Signs That The Coming Financial Collapse Is Now Closer Then Ever The financial
collapse that so many of us have been anticipating is seemingly closer then
ever. Over the past several weeks, there have been a host of ominous signs for
the U.S. economy… ] Decision could make it easier for the bailed-out lender to
launch an IPO and repay its government debt.
Pakistan's
top general vexes U.S. plans (Washington Post) [ Geeh! How dare that PAKISTAN General not
jump on the war criminal american crazy train by putting the interests of his
nation ahead of u.s. contrived interests and preventing Pakistan from being
turned into a toxic wasteland, killing fields, etc., as in Iraq, Afghanistan,
etc.. ] Despite intense efforts,
officials fail to persuade Gen. Ashfaq Kayani to undertake the administration's
strategy of eliminating Taliban havens inside Pakistan.
Economic
forecasters see growth in 2011 (Washington Post) [ Kind of like
that prescient economic forecast of ‘no recession’ preceding this continuing
financial / economic debacle of a magnitude exceeding that of the great
depression from our ‘economist in chief’ helicopter ben … riiiiight! … And you
can take that the insolvent bank! Stock
markets weather a challenging 2010 (Washington Post) [ ‘Weather’, ‘forecasts’ … somehow those words
taken together do not engender confidence. Yet, like today, there’s no shortage
of that exuberance thing just as in 2007 preceding the last crash, or preceding
the dot.com crash, etc., and this time will be no different and probably
worse. Pay
Attention to New Year Market Indicators [ The problem with these anecdotal, mechanized (and
sophomoric) technical guidelines is that the frauds on wall street are well
aware of them and with the current computer technology can easily program to
meet them with the fraudulent hope they’ll become self-fulfilling. I disagree
with the ‘everything coming up roses, green shoots and all’ scenarios being
painted in typical self-interested fashion and hardly objective. Even near
perma-bull John Augustine (speaking with Motek) looks for at a minimum, if
things go well for the economy (not at all likely and no can do with real
numbers / data) a 3-5% pullback / correction near term. Keep in mind all stock
prices have been inflated by amounts exceeding the gains, viz., 13-17% by the
debased dollar which of course is reflected in huge price increases for
commodities across the board which will impact margins or consumption or both
going forward. ] Plessis ‘If Santa has not yet made his way to your investment
portfolio, don’t despair. According to Jeffrey Hirsch ( Stock Trader’s Almanac ), the “Santa Claus Rally” normally
occurs during the last five trading days of a year and the ensuing first two
trading sessions of the new year. During this seven-day period stocks
historically tend to advance (by 1.5% on average since 1950), but when
recording a loss, they frequently trade much lower in the new year.With four of
the seven sessions behind us there has been little in it, with the S&P 500
Index marginally up by 0.09% and the Dow Jones Industrial Average losing
0.03%.Another old stock market saw tells us the first five trading days of
January sets the course for January (known as the “First Five Days Early Warning
System”), and if the month of January is higher, there is a good chance the
year will end higher, i.e. the so-called “January Barometer”. Every down
January since 1950 has been followed by a new or continuing bear market or a
flat year. “As January goes, so goes the year,” said Hirsch.Lastly, according
to Hirsch, the “December Low Indicator " says that should the Dow Jones Industrial Index close
below its December low anytime during the first quarter, it is frequently an
excellent warning sign of lower levels ahead. The numbers to watch are those
recorded on December 1: 1,206.07 for the S&P 500 Index and 11,255.78 for
the Dow Industrial Average.The American benchmark indices will have to crash
today in order to make 2010 a down year. Early indications therefore point to
the January Barometer (with January having been a down month) this year failing
investors. Looking ahead to 2011, time will tell whether the year-end/new-year
indicators play out according to the historical pattern. Meanwhile, we’ll have some
fun tracking how it pans out.’ ] In a year of political upheaval, fiscal crisis in Europe and the threat of
a double-dip recession in the United States, the stock market weathered all
challenges, plodding upward. Economic
forecasters see growth in 2011 Private
markets make up the core of Obamanomics (Washington Post) [ I doubt there is a core at all … nothin’ there …
spend more than you take in … just smoke and mirrors … more bush*t … you know,
froth the markets, fraud be damned but welcomed / protected … and, as before,
this will end quite badly! But regarding the now ‘Klein Controversy’, the
following: Wash
Post Staffer: Constitution Impossible to Understand Because It’s Over 100 Years
Old [ In a meaningfully
lawless society as pervasively corrupt, defacto bankrupt america, constitution
/ laws have become irrelevant in application and effect. After all, even
zimbabwe has a constitution / laws, but I dare say no one would suggest they
have any practical effect in reality, as is also so in america. I therefore
believe Mr. Klein is correct but for reasons other than age and malleability.
Indeed, anyone who has written a legal brief and researched law in support
thereof, ultimately realizes that almost invariably one can find some case /
law in support of almost any position. In america today, it’s the bribe, one
way or another, that carries the day and makes the difference. Ask sam alito et
als. That’s just the way it is in a declining, fallen society as america,
zimbawe, etc.. That’s certainly my direct, sworn experience with these corrupt
courts constituting (in large part along with the other 3 branches) pervasively
corrupt, defacto bankrupt america’s illegal system. Senate convicts Clinton-appointed judge... Abolish the corrupt, costly,
economically wasteful lifetime extravagantly appointed federal courts (see RICO
case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
) End those
lifetime licenses to steal. ] In earlier hearings, two attorneys who once worked with Porteous had
testified that they gave him thousands of dollars in cash, including about
$2,000 stuffed in an envelope in 1999, just before Porteous decided a major
civil case in their client's favor. ] Breitbart | On word that the House will open its next session with a first-ever
reading of the U.S. Constitution, blogger Ezra Klein suggests that the Constitution
is irrelevant due to its age and politically-malleable language. ]Eight key
economic decisions of the Obama presidency all point in one direction. Pay
Attention to New Year Market Indicators [ The problem
with these anecdotal, mechanized (and sophomoric) technical guidelines is that
the frauds on wall street are well aware of them and with the current computer
technology can easily program to meet them with the fraudulent hope they’ll
become self-fulfilling. I disagree with the ‘everything coming up roses, green
shoots and all’ scenarios being painted in typical self-interested fashion and
hardly objective. Even near perma-bull John Augustine (speaking with Motek)
looks for at a minimum, if things go well for the economy (not at all likely
and no can do with real numbers / data) a 3-5% pullback / correction near term.
Keep in mind all stock prices have been inflated by amounts exceeding the
gains, viz., 13-17% by the debased dollar which of course is reflected in huge
price increases for commodities across the board which will impact margins or
consumption or both going forward. ] Plessis ‘If Santa has not yet made his way
to your investment portfolio, don’t despair. According to Jeffrey Hirsch ( Stock Trader’s Almanac ), the “Santa Claus Rally” normally occurs during the last five trading
days of a year and the ensuing first two trading sessions of the new year.
During this seven-day period stocks historically tend to advance (by 1.5% on
average since 1950), but when recording a loss, they frequently trade much
lower in the new year.With four of the seven sessions behind us there has been
little in it, with the S&P 500 Index marginally up by 0.09% and the Dow
Jones Industrial Average losing 0.03%.Another old stock market saw tells us the
first five trading days of January sets the course for January (known as the
“First Five Days Early Warning System”), and if the month of January is higher,
there is a good chance the year will end higher, i.e. the so-called “January
Barometer”. Every down January since 1950 has been followed by a new or
continuing bear market or a flat year. “As January goes, so goes the year,”
said Hirsch.Lastly, according to Hirsch, the “December Low Indicator " says that should the Dow Jones
Industrial Index close below its December low anytime during the first quarter,
it is frequently an excellent warning sign of lower levels ahead. The numbers
to watch are those recorded on December 1: 1,206.07 for the S&P 500 Index
and 11,255.78 for the Dow Industrial Average.The American benchmark indices
will have to crash today in order to make 2010 a down year. Early indications
therefore point to the January Barometer (with January having been a down
month) this year failing investors. Looking ahead to 2011, time will tell
whether the year-end/new-year indicators play out according to the historical
pattern. Meanwhile, we’ll have some fun tracking how it pans out.’
Wash
Post Staffer: Constitution Impossible to Understand Because It’s Over 100 Years
Old [ In a meaningfully
lawless society as pervasively corrupt, defacto bankrupt america, constitution
/ laws have become irrelevant in application and effect. After all, even
zimbabwe has a constitution / laws, but I dare say no one would suggest they
have any practical effect in reality, as is also so in america. I therefore
believe Klein is correct but for reasons other than age and malleability.
Indeed, anyone who has written a legal brief and researched law in support
thereof, ultimately realizes that almost invariably one can find some case /
law in support of almost any position. In america today, it’s the bribe, one
way or another, that carries the day and makes the difference. Ask sam alito et
als. That’s just the way it is in a declining, fallen society as america,
zimbawe, etc.. ] Breitbart | On word that the House will open its next session with a first-ever
reading of the U.S. Constitution, blogger Ezra Klein suggests that the
Constitution is irrelevant due to its age and politically-malleable language.
MSNBC
Analyst: Constitution Has “No Binding Power On Anything” [ In a
meaningfully lawless society as pervasively corrupt, defacto bankrupt america,
constitution / laws have become irrelevant in application and effect. After
all, even zimbabwe has a constitution / laws, but I dare say no one would
suggest they have any practical effect in reality, as is also so in america. I therefore
believe Klein is correct but for reasons other than age and malleability.
Indeed, anyone who has written a legal brief and researched law in support
thereof, ultimately realizes that almost invariably one can find some case /
law in support of almost any position. In america today, it’s the bribe, one
way or another, that carries the day and makes the difference. Ask sam alito et
als. That’s just the way it is in a declining, fallen society as america,
zimbawe, etc.. ] Now that Republicans have a majority in
Congress, they are pretending to be constitutionalists. In order to demonstrate
this, they will theatrically read aloud the Constitution from the floor of the
House next week. China Makes Skype Illegal [ China, the
current creation and envy of destructive / self-destructive poppy bushies,
clintonistas, wobamanoids, et als americans, is so pathetic in their own
special totalitarian communistically sad way. ] THE Chinese regulator has
declared Internet phone services other than those provided by China Telecom and
China Unicom as illegal, which is expected to make services like Skype
unavailable in the country. Medicare Bound to Bust 'by
2017' as First Boomers Hit 65... POLL: Only 21% Want FCC to
Regulate Internet... Fear of
Political Agenda... Next
Year's Wars: 16 brewing conflicts to watch... VIDEO:
Oil Could Push to $110... Berlin sees most snow in
December since 1900s... White House Plans to Push
'Global Warming' Policy, GOP Vows Fight... FLASHBACK: Gore Reports Snow
and Ice Across World Vanishing Quickly... Top China blogger forced to
shut down magazine... Non-US banks gain from Fed
crisis fund; Half of emergency credit facility cash went to foreign institutions... Backlash... THE MAN WHO TOOK ON BIG
SIS... Pilot angered TSA with video... ‘…News10
established a relationship with the Liu family last July after their rental home in Sacramento's
Oak Park was destroyed by an arsonist. Four firefighters were
injured when the house exploded…’ Oil rises near $92... Ex-SHELL president sees $5
gas in year... MATTHEWS: Why Doesn't Obama
Just Release The Birth Certificate? NYT: Bundle Up, It's Global
Warming... Obama Reading List: Book on
Reagan... wobama and did detest, hate
people like failed president like no other in history, wobama]Duma Disses Obama, delays
START vote... Assange fears death in a US
jail... OPEC Members 'Target $100'... China, following pervasively
corrupt, meaningfully lawless, defacto bankrupt american example, bars political
dissident access to lawyers... Indefinite detention possible
for suspects at Guantanamo Bay... DARK SIDE OF SIS:
AGENTS RAID HOME OF PILOT CRITICAL OF TSA... Posted Video
Exposing Airport Security Flaws... PUNISHED... DEFICIT HITS RECORD... MINORITY REPORT: Spielberg
advising on rebranding Dems... TODAY: Obama pledges
'singular focus' on economy... ONE YEAR AGO: 'Obama to focus
hard on economy'... TWO YEARS AGO: Obama to put
'renewed focus' on economy... US press should fear being
targeted: Assange... BLOWOUT: Government
liabilities rose $2 trillion for year... PEOPLE: 308,745,538 DEBT: $13,868,461,000,000 STATE OF THE NATION: Census
shows slowing US growth... GOP-leaning states pick up
seats in Congress... NY, OH, IL, MA,
NJ and PA lose seats... FCC Gives Government Power to
Regulate Web... Agency splits along party
lines... DeMint vows to reverse
'Internet takeover'... AP: TOP 10 STORIES OF 2010... MOODY'S May Cut US Rating on Tax Package... New spending bill totals $1.1
TRILLION! Congress Job Approval Rating
Worst in GALLUP History... FLASHBACK: Obama Promised
5-Day, Public Review of Bills Before Signing; Signs Tax Bill Within Hours of
House Vote... 13 million get
unexpected tax bill from 'tax credit'? Pelosi skips vote on tax
bill, then shuns signing ceremony... House votes to extend gov't
funding -- through Tuesday... OBAMA FALLS TO 40% APPROVE IN
FOXNEWS POLL... The FCC's Threat to
Internet Freedom... Dems play politics with 'net
neutrality' vote... 'Sweeping new rules'... REGULATE... SHUT: Music Web Sites Dispute
Legality of Their Closing... UK ministers threaten: Censor
web, or we will legislate 'to protect children'... Plan to block all online
porn... Hugo Chavez defends plan for
web regulations... Venezuela tightens Internet
regulation...
THEY'RE
COMING FOR THE INTERNET! JULIUS
SEIZURE
$2 trillion debt crisis
threatens to bring down 100 US cities... States face $140 billion in
budget shortfalls... 32 states borrow billions
from feds to cover unemployment benefits... Friedman: America the
Stupid...
French AAA Grade at Risk as
Downgrades Sweep Europe...
Oil Heads Toward $100... Chavez defends plan for
Internet regulations... UK ministers threaten: Censor
web, or we will legislate 'to protect children'... The FCC's Threat to Internet
Freedom... Dems play politics with 'net
neutrality' vote... 'Sweeping new rules for the
Internet'... SKorea detains Chinese
fishermen... Security Council meets on
tensions... North Threatens More
Attacks... ... says war would go nuclear China warns of escalating
arms race...
'Don't ask' repeal
moves toward law... DREAM OVER: Senate
Blocks Bill for Illegal Immigrants... Budget Brawl Looms in
Congress...
Michelle wears $2,500
purchased dress to Christmas concert... Senate Plans Weekend Votes on
'Don't Ask, Don't Tell,' Amnesty Bill... Senator: Gay ban tied to
Russia treaty... UN
PLANS INTERNET REGULATION [ Those who can’t do … work at the u.n., in
the u.s.; after all, for the first time in human history, the internet has for
the most part enabled an unfettered look at the truth and truthful reasons for
the unequivocally sad state of the world. That a supposed world body should
support and potentially facilitate the encroachment upon such global
communication is reason enough to dismantle such an already discredited body
which arbitrarily seeks enforcement of some ‘resolutions’ as to some but not
others ( ie., israel, u.n. resolutions 242, 338, etc., israeli and american war
crimes, etc..) Raison d’tre … I don’t think so! Quite the contrary! ] Regulators close banks in GA,
FL, AR, MN... Regulators shutter 3 small banks in Ga.,
1 each in Fla., Ark., Minn.; 157 banks closed in 2010 ] Payrolls Drop in 28
States, Joblessness Rises in 21... Nevada rate to
14.3%... Rhode Island City
Nears Bankruptcy... Ireland Debt
Downgrade... IMF chief worried
about Europe domino effect... Senate clerks preparing to
read 1,924-page spending bill on floor -- for 50 hours!... Senator: 'There's No Way' To
Read Entire Bill Before Vote... KERRY: 'Why Would We Have To
Read Something?' McConnell offers 1-page
resolution in place of 1,924-page spending bill... SHOWDOWN: Gingrich Urges
Fillibuster... Biden To GOP Opposition: 'Get
Out Of The Way'... Reid: Earmarks are 'what
we're supposed to do'... Ban on Gitmo
transfers vanishes... Omnibus bill loaded with
goodies for abortion industry... PRIORITIES: House approves
bill to make hybrids louder... 23% Say USA Heading in Right
Direction, Lowest Since Obama Took Office... POLL: Just 29% think Obama
will be re-elected... Is America the sick man of
the globe? BUCHANAN: Is this our America
anymore? UK Red Cross Bans Christmas
to Avoid Offending Muslims... SALVATION ARMY bell ringer
caught stealing from kettle... Deputies suspended after getting
into brawl at party... 2 women charged with robbing
74-year-old... Hundreds of gifts for kids
stolen from 'Toys for Tots'... Thousands of dollars in
donated toys ruined after skunk attack... Grocery prices grow by 1.5
times inflation rate...
Socialist president plays
host to capitalism... REPORT: Obama told lawmakers
not passing tax deal could end presidency... A $48 billion earmark... PAPER: Year of bullying,
bluff and bailouts leaves euro fighting for its life... Reeling from riots, Italy
faces uncertainty... Greek anti-austerity strike
turns violent... VIDEO... MORE UNREST: 2011... $575 million PER PAGE... 6,488 earmarks... McConnell fumes: 'No one has
seen it'... Reid threatens to
keep Congress into next year... Intelligence Reports Offer
Dim Views of Afghan War... HOLBROOKE LAST WORDS: STOP
THIS WAR!
UPDATE: RUSSIA TO USE CHINA
CURRENCY IN TRADES... UK GRANTS ASSANGE BAIL;
SWEDEN APPEALS... Release delayed... Lawyer: Secret Grand Jury
Meeting Outside Washington on Leak... CHRISTMAS CRIMES : Drive-By Purse Snatcher
Terrorizing Women In NJ... 2 women charged with robbing
74-year-old... Hundreds of gifts for kids
stolen from 'Toys for Tots'... Thousands of dollars in
donated toys ruined after skunk attack... Copper thieves burn down
city's Christmas tree... Burglar steals family's gifts
-- and its dog! Grave robbers steal 400 urns
from cemetery... 'Grinch' Steals Packages Off
Doorsteps, Signs For Deliveries... Home Invaders Tie Up
12-Year-Old Boy, Take Video Games... 90-Year-Old Man Put In
Choke-Hold, Robbed Of $370... 'Tea Party' anger simmers
over backroom deal; Ramps up efforts... 2 Bank Failures Bring Year's Tally
To 151... COPS: Madoff's son
hangs himself with dog collar in SoHo apartment... ...gave mechanic
$400 tip day before suicide Madoff Trustee Launches $19.6
Billion Lawsuit; 60 accused of participating in 'illegal scheme'... Pump prices close in on
average $3 a gallon... FLASHBACK: $1.81 when Obama
took office... BLOW TO O: JUDGE RULES GOV'T
CAN'T MANDATE CITIZENS BUY HEALTH CARE... Cantor: Direct Appeal to
Supremes... POLL: Support For Obamacare
Hits New Low... Pelosi: 'Are You Serious?' Obama: 'I'm itching
for a fight'... U N C O N S T I T U T I O N A
L Barbara Walters: 'This Guy
(wobama) Has an Emotional Problem' [ Yes, it’s true, babawawa … wobama has
substantial mental problems which along with inherent criminality are pervasive
in america which also includes boner, and where were you in discussing such,
babawawa regarding psychopaths bush, clinton, etc., or even former beau, senile
greenspun ]... DEFICIT HITS RECORD... Putin Slams West
for Assange Arrest... US cable: Cuba to be
insolvent within 2-3 years... Assange Lawyers Prepare for
U.S. Spying Indictment... Teen Arrested in Hack
Attacks... Donations to WIKILEAKS are
Tax Deductible -- in Germany... Anonymous cyberwarriors stun
experts... Media
outlets may be probed over WikiLeaks stories, joe ‘zelig zionist incompetent
and corrupt‘ lieberman in Campaign To Trample The First Amendment claims Can the US government prosecute media outlets
that reported on the WikiLeaks cables? According to joe ‘zelig zionist
incompetent and corrupt‘ lieberman in
his Campaign To Trample The First Amendment, the answer is maybe.Home Values May Drop by $1.7
Trillion This Year... UNEMPLOYMENT WEEK: DOWN TO 421,000; REVISED UP LAST WEEK
438,000... POLL: Most Americans Say
They’re Worse Off Under Obama... F O Related: Olbermann:
Obama Is ‘God Damned Wrong’ ] REVENGE OF THE WIKIS! Army of hackers targets the
Swedish government... Take down MASTERCARD site... ...VISA PAYPAL... AMAZON braces for hactivist
attack... Palin under cyber attack... Assange's 'poison pill' file
impossible to stop... MOSCOW: Give Assange Nobel
Peace Prize... SENATE REJECTS
REPEAL OF DON'T ASK DON'T TELL... House Dems push through
massive budget bill... Final House Race Decided; GOP
Net Gain: 63 Seats... Ron Paul, Author of 'End the
Fed,' to Lead Fed Oversight Panel... Student protesters in London
turn violent over tuition hikes... Thousands try to break
through police barricades at Houses of Parliament... ...attack car
containing Prince Charles, Camilla... Rolls Royce hit with paint;
rear window smashed... US Treasuries hit by biggest
sell-off since LEHMAN... Prices Plunge for 2nd Day on
Deficit Fears... Rattles investors... Oil tipped to bubble over $100 barrel... Food Stamp Rolls Continue to Rise... SHOCK POLL: Americans Believe China Has
Surpassed USA in Economic Strength... 'U.S. fiscal health worse than Europe's'... Sorkin: Palin TV show is 'snuff movie'... [ Yeah … ‘she’s really all that’ and worse …
I have great difficulty getting past the fact that she’s so incredibly dumb …
not just ‘nonintellectual’ … butt really dumb! ] ‘… Sorkin, writer
of the recent Facebook movie The Social Network, also accused the Fox News contributor of making a "snuff
film" after the latest episode of Sarah's Palin's Alaska featured the
politician going hunting with her father and shooting a caribou. He described
Palin as "deranged", a "witless bully" and a "phony
pioneer girl". He also said The Learning Channel, the US cable network,
"should be ashamed of itself" for broadcasting her "truly awful
reality show"…’ Senate convicts Clinton-appointed judge... Abolish the corrupt, costly, economically wasteful lifetime extravagantly
appointed federal courts (see RICO case
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) End those lifetime licenses to steel. ] In earlier
hearings, two attorneys who once worked with Porteous had testified that they
gave him thousands of dollars in cash, including about $2,000 stuffed in an
envelope in 1999, just before Porteous decided a major civil case in their
client's favor. Assange could face espionage trial in USA... Palin under cyber attack... 1st Amendment issues... Assange's 'poison pill' file impossible to
stop... WIKILEAKS: Stop Us? You'll Have to Shut Down
Web... Berkeley 'resolution' honoring leaker... Scientologists outraged over spoof Christmas
play... [ Hubbard was such a
total fraud! Scientologists are delusional! ]St. Petersburg,
Florida – ‘A controversial holiday musical production is set to open at
American Stage Theatre in St. Petersburg. Photos: Pictures of
A Very Merry Unauthorized Children's Scientology Pageant "A Very
Merry Unauthorized Children's Scientology Pageant" is a musical play
designed for the holiday season, but this play will not focus on Jesus Christ,
but instead the story is about L. Ron Hubbard, the founder of the church Of
Scientology…’ NO BAIL... Assange 'sabotaged condom'
during one night stand... Refused to wear
one during another... Stockholm
police: Both women are victims... INTERPOL WARRANT
FOR NOT WEARING PROTECTION? ASSANGE UNDER ARREST: 'HE DIDN'T WEAR A CONDOM' Under arrest, will Assange
dump the Doomsday Files? Assange: Don't shoot
messenger for revealing uncomfortable truths... FLASHBACK: HILLARY COMPLAINS
GOVERNMENTS BLOCK FREE FLOW OF INFO ON INTERNET... WIKILEAKS: LIVE UPDATES... FCC push to regulate news
draws fire... Lieberman: NYT may have
committed crime by printing WIKILEAKS docs... US to Host World Press
Freedom Day in 2011 … [ What a total travesty! The u.s. as host … What a cruel
joke! ] ... OBAMA RACES TO CUT TAXES
BEFORE REPUBLICANS: 6.2% Social Security tax would drop to 4.2% for workers for
one year... MORE THE NEW OBAMA! SURPRISE TAX CUT MOVE [ As with defacto bankrupt america
generally, more defacto bankrupt social security system, etc., are distinctions without significant
differences. ]OIL HITS $89... Pump prices hit 2-year
high... Schwarzenegger
Declares Fiscal Emergency, Proposes $9.9 Billion In Cuts... Top Democrats defect, join
unified GOP... WIKILEAKS' Assange Will
Release Encrypted Files If Arrested... Cables Reveal How US
Manipulated Climate Accord... Cable: China Leaders Ordered
Hacking on GOOGLE... Meddling by Neighbors Adds to
Iraq's Woes... Government Workers Ordered
Not to Read Cables... Gingrich: Leaks Show Admin
'Shallow,' 'Amateurish'... McConnell: Assange a
'High-Tech Terrorist'... List of facilities
'vital to US security' leaked... Mirror Sites Appear by the
Hundreds... Assange Speaks... Hillary Jokes... US forced to shake up
embassies around world... THE DOOMSDAY FILES PAPER: Wave goodbye to
Internet freedom... +39,000
JOBS IN NOVEMBER... BOEHNER: Dem Leaders Should Stop Wasting Time
on Tax Hike Votes... HALPERIN: Dems 'In Midst of Nervous
Breakdown'... Obama Makes Surprise Trip to Afghanistan... Flies 7,000 miles -- talks to Karzai for 15
minutes on phone! Forgets the Coast Guard... Leaves Biden behind to handle 'disappointing'
jobs report... Reid, funded by casinos, pushes online
gambling... ABCNEWS accused of breaking embargo... 2010 death toll of US troops nears that of
2001-2008 combined ... OBAMA SPEECHWRITER JOKES ABOUT TSA GROPING:
Allows 'defrocked priests to give back to society'... US Deficit-Cutting Plan Falls Short of Needed
Votes... UNEMPLOYMENT
UP TO 9.8% HILLARY: Secretary of State will be 'my last
public position'...
... PITCHE$ $IGNED DVD ON HOME $HOPPING NETWORK.. US TO BAILOUT EU [ Riiiiight! Sounds
like a plan! After all, in defacto bankrupt america money does grow on trees …
derivatively (pun intended) that is … you know … that ever more worthless fiat
paper currency … and ultimately, existentially, philosophically, doesn’t paper
come from trees … sure it does …so, no problemo since money grows on trees. ] BOMBSHELL: European banks took big
slice of Fed aid... Hundreds of billions of dollars... Fed reveals global extent of its
backing... Funds went to stalwarts of American industry including GE
and Caterpillar and household-name companies such as Verizon, new data show. GEORGIA: HUNDREDS LINE UP IN COLD FOR HEAT
HELP... Assistance Funds Quickly Depleted... 'Almost like being in soup line during great
depression'... VIDEO... DELAYING TAX VOTE COULD 'CRASH
STOCK MARKET' STARTING 12/15 [ Come on!
There’s no way to justify the tax cut to the top 1% including the frauds on
wall street … their threats don’t hunt no more … the nation’s defacto bankrupt
… see Davis, supra! ] Chase Bank orders branch to remove Christmas
tree... Cyber attack forces WIKILEAKS to change web
address... Respected media outlets collaborate with
organization... [ Said
outlets and other disseminators and of course Wikileaks deserve accolades for
the advancement of first amendment liberties in the name of an informed global
body politick for all.]UPDATE: Latest developments... Foreign contractors hired Afghan 'dancing
boys'... Embassy cables portray Karzai as corrupt,
erratic... CIA drew up UN spying wishlist... Assange speaks... UPDATE: Latest WIKILEAKS developments... Foreign contractors hired Afghan 'dancing
boys'... Embassy cables portray Karzai as corrupt,
erratic... CIA drew up UN spying wishlist... SANTA CLAUSE: FED AID WENT TO COMPANIES, BANKS,
OFFSHORE... SECRETLY BAILED OUT GE -- GE NEWS OUTLETS
FAILED TO REVEAL IN FED COVERAGE... SANTA
CLAUSE: FORD, BMW, TOYOTA Took Secret Government Money...... Fed Created Conflicts in Improvising
Financial System Rescue... Tax Breaks for Bailout Recipients Spark
Debate... MORE SECRETS: Fed Withholds Data for $885
Billion in Loans... RUSSIA TO HOST '18 WORLD CUP FINALS... Qatar selected '22 host over USA, others... 'AMERICAN PSYCHO' musical in
works... and American Psycho 2, for insight! ] National Board of Review: SOCIAL NETWORK
named best film...
[ National board of what? ‘Inception’ is by far and away the ‘Best Film’
across the board, in all categories, and on the list! ] LIST... BANK OF AMERICA Becoming 'Bank of
Asia' as Revenue Increases 30% ...
RESET: PUTIN CRITICIZES USA OVER WIKILEAKS …
[ Putin deserves the greatest deference in matters of global concern in light
of his greater rationality; america’s self-serving accusations are merely envy
and projection / displacement (in psychoanalytic terms) of america’s
pervasively corrupt, criminal, broken system which is a far cry in reality from
defacto bankrupt america’s propaganda.]... REWARD: [ The payoff. Bribe complete! Next
bribe scenario … ] CITI to Hire Obama's Ex-Budget Chief Orszag... FLASHBACK: Rubin and friends ride NY-DC
shuttle... ZUCKERMAN: Watching America's Decline and
Fall [ the
moral authority of the West has dramatically declined in the face of the
financial crisis. It has revealed deep fault lines within Western economies
that have spread to the global economy . The majority of
Western governments are running fiscal deficits of 10 percent or
more relative to GDP, but it is increasingly clear that there will be no quick
fixes, that big government and fiscal deficits will not bring us back to the
status quo ante. Indeed, the tidal wave of red ink has meant that the
leverage-led or debt-led growth model is dead. Developed countries will be
forced to deal with their debt on every level, from the personal to the
corporate to the sovereign. Being able to borrow may have made people feel
richer, but having to repay the debt is certainly making them feel poorer,
particularly since the unfunded liabilities that many governments face from
aging populations will have to be paid for by a shrinking band of workers. ( Ecoutez, mes amis! ) Demography is
destiny. As a result, there is a burgeoning consensus that we are witnessing an
inevitable rise of the East and a decline of the West…( Harry Dent, Jr.
Economy
will be in a Depression by 2011 ) ]... Interpol issues wanted notice for
Julian Assange [ They just can’t take the truth! ] ... US cuts access to files [ Think about it.
Really think about it. Their policies are in the tank, along with the nation
and the rest of this world as a consequence. Don’t those so detrimentally
affected (everyone) have a right to know? I think in light of the global
frauds, contrived perpetual wars though defacto bankruptcy of this and other
nations, pervasive corruption and crime, failed policies domestically and
geo-politically while serving the very parochial interests of the
self-interested few, the answer is an unequivocal, YES! I believe that world
history will write Mr. Assange as a hero in the truest sense. He should be
given a medal; and, certainly, since mr. b*** s*** wobama undeservingly got a
‘nobel peace prize’ (what he does, not what he says, ie., Afghanistan, etc.),
who more than Julian Assange is deserving of that and more? Cover-up /
propaganda … thy name is fallen america.]... WIKILECTURE:
'HILLARY SHOULD RESIGN' ‘…Hillary Clinton, Julian Assange said,
"should resign." Speaking over Skype from an undisclosed location on
Tuesday, the WikiLeaks founder was replying to a question by TIME managing
editor Richard Stengel over the diplomatic-cable dump that Assange's
organization loosed on the world this past weekend. Stengel had said the U.S.
Secretary of State was looking like "the fall guy" in the ensuing
controversy, and had asked whether her firing or resignation was an outcome
that Assange wanted. "I don't think it would make much of a difference
either way," Assange said. "But she should resign if it can be shown
that she was responsible for ordering U.S. diplomatic figures to engage in
espionage in the United Nations, in violation of the international covenants to
which the U.S. has signed up. Yes, she should resign over that."…’ CITY ON EDGE: Cash-Strapped Newark, new
jersey Forced To Lay Off 14% Of Police Force... From decades old (1978-1985) direct personal experience with newark, n.j.,
the police are the absolute last cuts that can be afforded to be made. Indeed,
while walking through Military Park (a sliver of a “park” - more a pedestrian
thoroughfare/cement walks) in newark, new jersey on the way to the bank during
lunch hour, I heard the clearly audible screams/cries of what turned out to be
an old lady on the ground with blood streaming from her mouth. I ran toward the
sound of the cries, the source of which I could not see because there were so
many people in and about this thoroughfare so as to block any vision of the
source of the cries. When I came to the woman, on the ground, blood streaming
from her mouth, I asked what happened, to which she responded she had been hit
in the mouth and knocked to the ground, her purse stolen/put inside her
shopping bag, and she pointed out the criminal casually now walking across the
main street. Nobody stopped to help her, many having passed her by. I slammed
the thug to the ground so hard that, in light of all the blood and confusion
(limbic system / adrenalin flow) I thought I had been stabbed (the blood was
from his elbows hitting the pavement so hard - no one helped / a crowd gathered
/ an undercover cop happened along). When I testified at the Grand Jury
Proceeding I made sure his threat on my life was set forth in prima facie fashion so as to maximize the DA’s
position with both felonies ( he went to prison – pled out ). The other case I
wrote about here ( This was included on my website in the Psychology forum
discussion of ‘bystander effect’ / diffusion of responsibility. ) - Having had
occasion to have run down a mugger in newark, n.j. who apparently had followed
a girl from the bank on her way to the bursar to pay tuition, though in pretty
good shape, I was astounded by how totally exhausting such a pursuit was, how
much like rubber my arms were when I traded punches with the perpetrator, and
truth be told, if I had a flashlight on my belt, I have little doubt that I
would have probably used it to subdue the perp. The girl was not that seriously
injured, did get her pocketbook and tuition back, and the criminal went to
jail. The other thing about such a pursuit that amazed me was that no one else
assisted the girl or me despite being in a position to do so). (Other newark /
new jersey and new york, n.y. metro, viz., ie., connecticut, and of course,
d.c., d.c. metro, viz., ie., virginia experience … corrupt federal judges as
maryanne trump barry, sam alito, shiff, matz (california), hall, underhill,
dorsey, etc.. Defacto bankrupt america’s so-called system is pervasively
corrupt and broken (AP) Abolish the
corrupt, costly, economically wasteful lifetime extravagantly appointed federal
courts - see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ]Nation's '2nd Most Dangerous City' (camden,
new jersey) To Lay Off Nearly Half Of Police Force... Chicagoland: Vandals torch Christmas charity
van...
Businessman
gets harsh prison term (Washington
Post) [ Come on! Quality of justice concerns by pervasively corrupt / defacto
bankrupt america (I’ve seen this first hand and have sworn under penalty of
perjury to the readily discernible corruption in the ‘so-called judicial
process’ / american illegal system; and Orwellian britain / european illegal
systems little better as toadies to the criminal americans)? Don’t make me
laugh? The u.s. illegal system is a cruel joke! What parallel universe /
fantasy land are they living in? ] A
Moscow judge's decision to impose the harshest possible penalty on Russian oil
tycoon Mikhail Khodorkovsky signaled that Prime Minister Vladimir Putin intends
to keep a firm grip on power and is unwilling to bend to American and European
concerns about the quality of Russian justice.
October
15, 2010 (*see infra)
Steven M. Martinez, Assistant Director In Charge
Los Angeles, CA 90024
Dear Sir:
I enclose herewith 3 copies of the within DVD rom autorun disk (which will
open in your computer’s browser) as per your office’s request as made this day
(the disk and contents have been scanned by Avast, McAfee, and Norton which
I’ve installed on my computer to prevent viral attacks / infection and are
without threat). I also include 1 copy of the DVD as filed with the subject
court as referenced therein (which files are also included on the aforesaid 3
disks in a separate folder named ‘112208opocoan’). The (civil) RICO action (as
you’re aware, the RICO Act is a criminal statute which provides a civil remedy,
including treble damages and attorney fees, as an incentive for private
prosecution of said claims probably owing to the fact that the USDOJ seems
somewhat overwhelmed and in need of such assistance given the seriousness and
prevalence of said violations of law which have a corrupting influence on the
process, and which corruption is pervasive). A grievance complaint against Coan
was also filed concurrently with the subject action and held in abeyance
pending resolution of the action which was illegally dismissed without any
supporting law and in contravention of the Order of The Honorable Robert N.
Chatigny, Chief Judge, USDC, District Connecticut. The files below the
horizontal rule are the referenced documents as filed. (Owing to the damage to
the financial interests of both the U.S. and the District of Congresswoman
Roybal-Allard, viz., Los Angeles, the Qui Tam provisions
of the Federal False Claims Act probably would
apply and I would absent resolution seek to refer the within to a firm with
expertise in that area of the law with which I am not familiar) .
The document in 5 pages under penalty of
perjury I was asked to forward to the FBI office in New Haven is probably the
best and most concise summary of the case
RICO Summary to FBI Under Penalty
of Perjury at Their Request (5 pages) [
ricosummarytoFBIunderpenaltyofperjury.pdf http://albertpeia.com/ricosummarytoFBIunderpenaltyofperjury.pdf ].
The correspondence I received from the Congresswoman by way of email
attachment (apparent but typical problem with my mail) along with my response
thereto is included on the 3 disks as
fbicorrespondencereyes.htm .
With regard to the calls to the FBI’s LA and New Haven, CT offices:
There was one call to the LA office and I was referred to the Long Beach, CA
office where I personally met with FBI Agent Jeff Hayes to whom I gave
probative evidentiary documents of the money laundering which he confirmed as
indicative of same (he was transferred from said office within approximately a
month of said meeting and his location was not disclosed to me upon inquiry).
The matter was assigned to FBI Agent Ron Barndollar and we remained in touch
for in excess of a decade until he abruptly retired (our last conversation
prior to his retirement related to the case and parenthetically, Rudy Giuliani
whose father I stated had been an enforcer for the mob to which he registered
disbelief and requested I prove it, which I did – he served 12 years in prison,
aggravated assault/manslaughter? – and no, there is no Chinese wall of
separation – Andrew Maloney’s the one that prosecuted gotti).
In contradistinction to the statement in said correspondence, there is a
plethora of information including evidence supporting the claims set forth in
the RICO VERIFIED COMPLAINT (see infra). Such includes and as set
forth in the case, inter alia,
A judgment
had been entered in my favor in the case, United States District Court
Case #3:93cv02065(AWT)(USDCJ Alvin Thompson), worth approximately now in
excess of $300,000 remains unaccounted for and which could be used for
payment to creditors, Los Angeles, etc.. Counsel
Robert Sullivan on my behalf documented by way of certification upon
investigation that Alan Shiff, USBCJ, had falsely stated a dismissal upon
which false statement he predicated a retaliatory and spurious contempt
proceeding against me causing substantial damage, and for which he sought
Judicial Notice of those and related proceedings as did I in some of my
filings. The Order
of Dismissal With Prejudice by Alan Shiff, USBCJ, owing to Defendant
Coan’s failure to file anything whatsoever by the court’s deadline causing
creditors and me substantial damages:
[ Shiff Order of Dismissal
With Prejudice on Coan’s Failure to File Page 1 Page 2 ]Defendant
Coan had filed an action against me to prevent me from suing him which
necessitated me to fly to Connecticut for a hearing before The Honorable
Robert N. Chatigny, Chief Judge, USDC, District of Connecticut, who denied
Coan’s requested relief as to Coan but precluded my action against Shiff
(although there is no immunity, judicial or otherwise, for criminal acts,
ie., fraud connected with a case under Title 11, USC, etc.) . [ transcript in pertinent part - crossexamofcoanbypeia.pdf ]Newly
appointed judge, Maryanne Trump Barry, Donald Trump’s sister, was assigned
the RICO case despite the conflict of interest in light of hundreds of
thousands of dollars of illegal (drug) money being laundered through the
Trump casinos by the RICO defendants, and despite my motion to recuse her
which motion she heard herself and denied, and U.S. Trustee Hugh Leonard
with whom I met personally refused to join or file a separate motion to
recuse and not long thereafter left said office for private practice at
Cole, Shotz, et als on retainer with the RICO defendants as his primary
client. Probative
and evidentiary documents, affidavits, exhibits, including those turned
over to FBI Agent Jeff Hayes in Long Beach, CA, had been given to
Assistant U.S. Attorney Jonathan Lacey with whom I met personally at the
U.S. Attorney’s Office in Newark, N.J., at which time Samuel Alito was
U.S. Attorney, and went over said documents and their probative value with
him. Within approximately a month thereafter upon inquiry I was told that
Jonathon Lacey was no longer with the office, that the file/documents
could not be located, and that there was no further information available
concerning contacting him or his location. I thereupon delivered by hand,
copies of said documents to the office of then U.S. Attorney Alito,
addressed to him, with assurance they would go directly to him. In addition to being inept [ I looked in on the one
mob case he had brought, bungled, lost (accidently on purpose?) since I
was suing some mob-connected under RICO and the court (I had known /
previously met outside of court the judge Ackerman through a client) was
absolute bedlam and a total joke since incompetent corrupt Alito brought
in all 20 mob defendants (rather than prosecute one or a few to flip them
first) who feigning illness had beds/cots in the courtroom along with
their moans during testimony and had the jury in stitches. As much as I
hate the mob, it truly was funny, if not so tragic.], Alito is also corrupt (and maybe
corrupt because he is inept). After a reasonable (but still rather short)
time I called to determine the status and was told that Alito was no
longer with the Office of the U.S. Attorney, that he was (appointed) a
federal judge, and that neither the documents nor any file or record of
same could be located. Alito did parley the same / cover-up into quid pro
quo direct lifetime appointment to the Court of Appeals, 3rd circuit,
despite the absence of judicial experience or successful tenure as U.S.
Attorney (Maryanne Trump Barry as well). This is the same Sam Alito that
now sits on the purported highest court in the land. The real application
of the illegal rule ‘don’t ask, don’t tell’.
There is applicable insurance / surety
coverage and neither LA, nor creditors, nor I should continue to have been
damaged by this brazened corrupt and illegal scenario, which should be resolved
in accordance with the meaningful rules of law apposite thereto.
Sincerely,
Albert L. Peia
611 E. 5 th Street, #404
Los Angeles, CA 90013
(213) 219-**** (cell phone)
(213) 622-3745 (listed land line but
there are unresolved problems with the line, computer connection may be the
reason but I hesitate to chance greater non-performance / worsening by their
‘fix’ so cell phone best for contact).
----------
*The foregoing and as indicated therein was previously send 9-14-10 but
delivery confirmation was flawed as set forth below and my inquiries to the
u.s. postal service rebuffed (I believe tampered with inasmuch as your office
could not locate same). This cover letter (9-13-10) is on the 3 disks with
navigable hyperlinks to the subject files for ease of reference, including the
files in the RICO action as indicated. (10-15-10) I spoke with Rose, FBI, ADIC
Secretary, who indicates once again that your office has not received the
aforesaid and which can reasonably be presumed to have been tampered with, and
hence, a violation of the federal statute concerning same. ]
-----
Former
president convicted of rape (Washington Post) [ Between the orgies, war crimes,
assassinations, etc., what a bunch of sick perverts, criminals the israeli operatives
/ powers that be and their friends are; see, ie., Victor Ostrovsky Mossad
ebook download in PDF format September: Victor Ostrovsky, a former Mossad trainee , publishes his
book By Way of Deception
... Israel's Mossad has regularly faked Australian
passports for its. spies, … 1 http://khup.com/keyword/victor-ostrovsky-mossad-by-way-of-deception.html 2 http://khup.com/keyword/page-2/victor-ostrovsky-mossad-by-way-of-deception.html 3 http://khup.com/keyword/page-3/victor-ostrovsky-mossad-by-way-of-deception.html ]
An Israeli court finds former president Moshe Katsav guilty of rape,
indecent assault and sexual harassment of female subordinates, the most serious
conviction of a former top official in Israel's history
A
villain in foreclosure crisis (Washington Post) [ Villain … as
in singular … as opposed to plural in a very big way … I don’t think so … We
can hear new words ringing and put to that once popular theme, formerly of love
but now of fraud, ‘Where do we begin, to tell the story of how great and
massive frauds can be, that great fraud story that spreads from sea to sea, in
defacto bankrupt america and the futures taken from we … Yes, ‘Fraud Story’ …
the forever american story… It’s really that bad and worse than could be
imagined at this immutably intractable juncture. I mean, what isn’t fraudulent in pervasively corrupt, defacto
bankrupt america today, from courts, to government, to policy, etc., ie., inter
alia see infra, Senate convicts Clinton-appointed judge... Abolish the corrupt, costly,
economically wasteful lifetime extravagantly appointed federal courts (see RICO
case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
) End those
lifetime licenses to steel. ] In earlier hearings, two attorneys who once worked with Porteous had
testified that they gave him thousands of dollars in cash, including about
$2,000 stuffed in an envelope in 1999, just before Porteous decided a major
civil case in their client's favor. ] A
registry with 67M mortgages on file shoulders much of blame in the uproar over
the paperwork mess. Economic
forecasters see growth in 2011 (Washington Post) [ Growth indeed … in the deficits that is …
and in insurmountable fashion at that … which masks / obfuscates in the
short-term the weakness and structural shift in the worst economic terms
imaginable while benefiting the self-interested few (ie., frauds on wall
street, war profiteers, the ‘already campaigning for the next election’ pols,
etc.. The trade-off is far from commensurate.
Hollywood and the war
machine [ I disagree. Yes, there’s plenty of
propaganda to go around in Hollywood, as everywhere else; but, on balance, I
believe more modern film particularly tends to paint war in the more
realistically negative light. This is especially so inasmuch as there hasn’t
been what anyone could call a so-called ‘good war’ to justify america’s war
criminal behavior for quite some time. Of course, there’s no denying the jewish
elements so stereotypical of Hollywood which does lend credence to the
criticism; but such ‘pro-zionist revelatory filmmaking’ as that regurgitated
by, ie., spielberg, etc., has become so predictably boring and devoid of
reality that such films now pale in comparison and popularity to the anti-war
films including offhand, ie., ‘Platoon’, ‘Apocalypse Now’, and more recently,
‘Hurt Locker’. It is true that in the past the military strong-armed even the
likes of Frank Capra to their propaganda campaigns; and, it is also true that
today’s attacks on first amendment protected speech are unprecedented in scope
as a consequence of the perceived threat of truth (of america’s pervasive
corruption, war crimes, fraud, etc.) leaking out all over … the internet
(mainstream media is concededly totally controlled – I don’t include, ie., The
Washington Post in the category of controlled media, but other papers, tv,
etc., certainly should be). Yet, I think the criticism better directed at the
source; viz., the criminal and corrupt elements of the american government et
als, which is almost all. ( I admit to being somewhat biased and ‘I previously wrote on my site, ‘I
happen to like and respect film as a rich medium which presents large amounts
of audio, visual, and thematic information which can be processed in relatively
small amounts of time, etc..’) . ] Al Jazeera | War is hell, but
for Hollywood it has been a Godsend, providing the perfect dramatic setting
against which courageous heroes win the hearts and minds of the movie going
public . Russia rebuffs Western criticism of oil
tycoon's trial (Washington
Post) [ As right they should! After all, is anyone foolish enough to believe
that america’s illegal system is anything but a farce and a means to legitimize
blatantly illegal activity domestically and internationally, while arbitrarily
enforcing as to some and retaliating against others … does anybody really
believe Assange would get a fair trial in america, or Orwellian britain, etc.. Pervasively corrupt america’s illegal
system is a travesty and their propaganda dogs don’t hunt no more! Army
edits its history of deadly battle of Wanat (Washington Post) [ Come on! Does anyone
really think they ever get a true story from the u.s. gov’t et als about
anything at all? ] Draft put majority
of blame on top commanders, but final version's focuses on lower-level leaders
sparks anger among families of those killed.
A subtler tack to fight Afghan corruption? (Washington Post) [ How about a
not so subtler tack to fight corruption starting right here in the u.s. of a.
where corruption and crime are pervasive and in fact, at the root of the Afghanistan
problems, from american reinvigorated heroin trade to bribery attendant thereto
to killing civilians, etc.. Defacto Bankrupt,
Meaningfully Lawless, War Criminal Nation america, the leader of nations … in
crime:
Though having but 5% of the world’s
population, america can boast 76% of the world’s serial killers, followed by
Europe with England/UK then Germany leading the way for the eu [excerpt, 6
minute video, Serial
Killers: Real Life Hannibal Lechters
http://www.albertpeia.com/realifeamericaserialkillers.mpg (as is consistent with crime generally,
see infra)]. Defacto bankrupt, fraudulent america also spends more on offensive
(defensive a misnomer / propaganda) military spending than all the nations of
the world combined, and by a large margin at that. Do you see a pattern
emerging here [ I unfortunately only belatedly did, and the feds, fed
employees, cia, all 3 branches of the u.s. government, etc., are included in
this evolved american trait of inherent criminality in the most nefarious sense
( http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) ]:
CRIME STATISTICS > TOTAL CRIMES (MOST RECENT) BY COUNTRY SHOWING LATEST
AVAILABLE DATA (america’s No. 1). … ]
Wall
Street Is Laundering Drug Money And Getting Away With It Zach Carter, …
etc. … Drudgereport: CLASSIFIED
NO MORE: USA RACES TO LIMIT WIKILEAKS DAMAGE
[Publishing the Wikileaks is the right thing to do; after all, one cannot
possibly look to even one rationally correct strategy, domestically, globally,
geopolitically that would justify continued hiding/cover-up of the failed
strategies, their genesis, flawed rationale, etc., which has cost this nation
and the world dearly] ... WIKILEAKS:
We've been hit with 'mass distributed denial of service attack'... MOST
EMBARRASSING, DAMAGING DISCLOSURE IN DECADES... SENATORS:
PROSECUTE THE LEAKERS! NYT
EXPLAINS: THE DECISION TO PUBLISH … [The NYT clearly did the right thing to
publish; after all, one cannot possibly look to even one rationally correct
strategy, domestically, globally, geopolitically that would justify continued
hiding/cover-up of the failed strategies, their genesis, flawed rationale,
etc., which has cost this nation and the world dearly]... SKorea
says sound of artillery heard on island... US,
SKorea start major naval drills... China
issues warning...
TO
THE BRINK
DHS
SEIZES DOMAIN NAMES... EU
Debt Crisis Escalates... 6
American soldiers killed in Afghanistan...
Next
Debt Crisis 'May Start in Washington'... WIKILEAKS
TURNS ON OBAMA! ] Authorities are investigating whether Julian Assange violated criminal
laws, including possible charges under the Espionage Act, sources say. Afghanistan: Gates: Progress has
'exceeded my expectations' (Post, December 8,
2010; 5:53 PM) U.S. hurting peace chances by giving up on
israeli settlement freeze, analysts say (Post, December 8, 2010; 11:00 PM) In South Korea, Joint Chiefs chairman scolds
China for its 'tacit approval' of North's aggression (Post, December 8, 2010; 11:01 PM) Iran talks end with little sign of progress (Post, December 8, 2010; 1:04 AM) Rice, on 'The View,' defends Obama on
WikiLeaks (Post, December 8, 2010; 1:00 AM) (Washington
Post) [ The problems in all these regions are inextricably tied to the nation
with insurmountable problems of its own and own making. That nation quite obviously is pervasively
corrupt, meaningfully lawless, defacto bankrupt america (along with such
comparable enablers / allies as zionist israel, nato, etc.. How can anyone believe
anything they say, least of all gates who hails from C(ottage)I(ndustries
of)A(merica) based on lies, chaos, and conflict.]
Looking
back at 2010 (Washington Post) [ I
think Mr. Sloan should run for office or be appointed ‘Head of the Fed’ or u.s.
attorney general, though his lack of ‘liar’ credentials might exclude the
latter! ] I have performed a painful
annual ritual ever since I began writing a column about 20 years ago:
re-reading my work for the year and telling you about the things I got wrong
and the things I wish I'd done differently. U.S.
home prices drop 1.3% (Washington Post) [ Oooooh! Ouch … but no say the frauds on wall street … that’s a
good thing … you know … that ‘affordability thing’ … yes, they say … sounds
like a plan! ] Six regions hit new
lows, and they're not expected to rebound anytime Budget
proposal to be delayed (Washington
Post) [ At this point, who’s still
counting … and does it count? I mean, near $14 trillion and counting, the
question is ‘can they count’ … then there’s the real debt … Timid
Tuesday: Is it Safe? Davis ‘… This is how we
pay off our current debts and I think bondholders are simply happy to get
anything out of a country that admits it owes $15Tn (1/4 of global GDP) but
probably owes closer to $60Tn (entire global GDP) in the form of unfunded
liabilities. The funniest thing about this (and you have to laugh) is to see
Conservative pundits get on TV and talk about how we need to cut $100Bn worth
of discretionary spending to "fix" this (while continuing to spend
$1Tn on the military and $1Tn on tax cuts for the top 1% each year). There is
no fixing this and even a Republican said you can’t fool all of the people all
of the time. THIS HOUSE OF CARDS IS
TEETERING FOLKS – PLEASE BE CAREFUL OUT THERE! ‘ … Howard Davidowitz on the Economy:
"Here Are the Numbers ... WE'RE BROKE!" 11-25-10
‘The
U.S. economy "is a complete disaster," Howard Davidowitz declared here in July, the most recent in a string of dire predictions from Tech Ticker's most entertaining guest.On
the eve of Thanksgiving, I asked Davidowitz if he had any regrets, or was ready
to throw in the towel given recent signs of economic revival. Are you kidding me? "Here are the numbers...we're
broke," Davidowitz declares, noting the U.S. government goes $5 billion
deeper into debt every day and is facing $1 trillion-plus annual deficits for
the next decade. "In other words, we're bankrupt."As with the
economy, Davidowitz is unwaveringly consistent in his views on President Obama,
calling him "deranged, dysfunctional and discredited."Results of the
midterm election show "the people of this country think we are in a
catastrophe," he says. "I'm with them."Check the accompanying
video for more of Howard's unfettered opinions and stay tuned for additional clips from this interview. And...Happy
Thanksgiving! Aaron
Task is the host of Tech Ticker. You can follow him on Twitter at @atask [email protected] ] President Obama expects to
release his fiscal 2012 budget a week later than the timetable set out under
the Budget Act of 1974. 2010
worst year for bank failures since 1992 (Washington Post) [ And you can safely say the worst is not over and
there’s more to come …’ Suttmeier ‘ 5
Economic Themes for 2011 (6 more are on their way): … 3.The banking
system is supposed to de-lever risk, but it has not. When I look at the
Notional Amount of Derivative Contracts I cringe at the fact that since the end
of 2007 this risk category has grown $71.6 trillion since the end of 2007,
that’s an increase of 43.5% to $236.4 trillion at the end of the third quarter
in an environment where banks should be de-leveraging not adding to this risk
where financial time bombs are ticking…’
‘Deadbeat’
TARP banks on rise (Washington
Post) [ Sounds like a plan! Viz., when worthless paper / securities / toxic
assets are being carried in the trillions now marked to anything (as per
legislated mark to anything FASB rule change), the reality is that there’s no
real surplus from which to pay dividends, etc.. ] Obama administration steps up monitoring of banks that miss
required payments. ] The nation is closing out the year with 157
bank failures, up from 140 in 2009. Don't Be Fooled By Investment Disinformation [ While this is
axiomatically true, it is also true that one must go beneath the numbers to
find the reality underlying particularly manipulated moves which, as one might
expect from a forbes contributor with an indirect bobblehead nod to the u.s.
market based upon, ie., ignoring such things as the debased dollar,
insurmountable debt, fraud, etc.. The u.s. numbers are a joke to keep ‘fools
rushin’ in’, to keep them sucked in, etc.. ] Iraq: 2 suicide bombings kill 19, wound
45 (Washington Post)
[ Progress breakin’ out all over … Britain charges 9 of 12 arrested in terror
plot (Post, December 27, 2010; 4:07 PM) …blowback’s a bitc*h! … Conflicting accounts of deadly raid in Kabul (Post, December 27,
2010; 6:32 PM) WikiLeaks
papers detail Iraq torture, US killings Al-Jazeera on Friday released what it called “startling new information”
from US documents obtained by WikiLeaks, alleging state-sanctioned Iraqi
torture and the killing of hundreds of civilians at US military checkpoints. Julian
Assange to RT: WikiLeaks gives ‘most accurate picture of war’ The shocking WikiLeaks release, which has revealed
thousands of unreported civilian casualties in Iraq, is the most accurate
picture of war ever made, and it is food for thought, says the website’s
editor-in-chief. The report, condemned by the Pentagon, claims that US
commanders in Iraq ignored evidence of torture and the murder of civilians. Spiegel:
WikiLeaks logs may reveal war crimes In its early analysis of the Iraq war logs released by whistleblower site
WikiLeaks on Friday, the German paper Der Spiegel pointed to several accounts
of what it calls “dubious attacks” by US Apache helicopters that may have
amounted to war crimes. Secret
Iraq war records reveal grim new details (Washington
Post) Logs released by WikiLeaks offer chilling insights about conflict's death
toll and the tactics of Iraqi leaders who have taken over as U.S. troops exit.
[ Now why did I think the u.s.
military’s numbers were all wet? Poll: Does WikiLeaks put
soldiers in danger? I haven’t
looked at this poll, but my inner poll says needless wars in other people’s
lands put soldiers at risk, particularly when your nation is defacto bankrupt.
] Previous: 77,000 Iraqis killed from 2004 to
August 2008, U.S. military says
(Washington Post) [ And you can
take that to the fraudulent american bank … riiiiight! … Come on … americans lie
about everything and certainly this … A conservative estimate from AP through only 2007: Study: 151,000
Iraqis died in conflict’s violence Surveyors face danger to count casualties
from 2003 to 2006 The Associated Press - updated 1/9/2008 7:15:50 PM ET 2008-01-10T00:15:50 About 151,000 Iraqis died from
violence in the first three years after the United States invaded, concludes
the best effort yet to count deaths — one that still may not settle the fierce
debate over the war's true toll on civilians and others … americans are just
lying war criminal american scum. Obama’s
Finest Hour: Killing Innocent People For “Made-Up Crap” Floyd Empire
Burlesque Oct 22, 2010 If ever I am
tempted by the siren songs of my tribal past as a deep-fried, yellow-dawg
Democrat, and begin to feel any faint, atavistic stirrings of sympathy for the
old gang, I simply think of things like the scenario below , sketched last week by Johann Hari, and those wispy
ghosts of partisanship past go howling back to the depths: … Unauthorized
US strike kills 4 Pakistanis A non-UN-sanctioned US strike on a house in Pakistan’s tribal region of
North Waziristan has killed four civilians and injured two others.] Rise
in mergers may spell trouble for jobs (Washington Post) [ Lifelines for a few, obfuscation of
impending disaster for most, fraudulent wall street just loves those fees, and
though contraindicated, the potential talking points thereby. ] Some corporate mergers this year have been
shadowed by fears of layoffs. Toasting
the bad economy (Washington Post) [
As indeed the Russians should since they have much to celebrate. Russian
tiger team hails success yahoo
Moscow's
unprecedented military deal (Washington Post) ( France should be praised
inasmuch as a strong Russia, and conversely, a weak perpetual war, war
mongering, war crimes, pervasively corrupt nation, america is optimal for world
peace! ) Russia
is last in series of major powers to seal valuable deals with India (Washington Post) ( Bravo for India … a deal with Russia is a deal with a
future! ) ] Their country still endures the sting of economic crisis, but
Russians plan to drink up this holiday season. Applebaum: The
'decline of the West' (Washington Post) [ It really is true … and, no leftist
sympathizer with his book of the same name, none other than Buchanan says as
much. The reason of course is based on reality. From Orwellian Britain, to
failed nation-state the pervasively corrupt and defacto bankrupt
wobama-bushland america, to perpetual war ‘me-toos’ (ie., nato allies, war
crimes nations israel, u.s., etc.), their frauds (wall street, etc.) protected,
laws meaningless (see RICO case http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm ) , their ruthless suppression subtle, hidden,
but odious as never before in their respective histories, the west at best has
become that ‘distinction without significant difference’ and heading to worse
than can be imagined. Of course they’ll lay blame to something other than the
huge frauds / wealth transfers that have plundered the nation. Indeed, one
could even cogently argue that said plundering gave rise to the flawed, failed
communism lie in the first instance. Yet, Russia, a great nation with a rich history
is not a communist nation, did not violently suppress the people as they
shirked that communist yoke / albatross, is not as defacto bankrupt,
meaningfully lawless, pervasively corrupt america engaging in perpetual wars of
destruction to persons and property, and with a great leader of historical
dimension in Putin is a far more rational choice than the bankrupt west on all
levels. As for communist china, it has
truly been a self-defeating, self-destructive creation of the west out of greed
which is in no short supply in the west.
PREVIOUS:
Wikileaks
founder freed on bail (Washington
Post) [ ‘… Moore (correctly) asserts
that Assange
is under attack solely because he had the courage to expose American war
crimes. Moore writes:
We were taken to war in Iraq on a lie.
Hundreds of thousands are now dead. Just imagine if the men who planned this
war crime back in 2002 had had a WikiLeaks to deal with. They might not have
been able to pull it off. The only reason they thought they could get away with
it was because they had a guaranteed cloak of secrecy....
So why is WikiLeaks, after performing
such an important public service, under such vicious attack? Because they have
outed and embarrassed those who have covered up the truth…’
Though Assange’s arrest was on far more
tenuous grounds owing to a CIA-linked girl, Roman Polanski was similarly
targeted: BBC
News - Roman Polanski triumphs at European Film Awards Dec 5, 2010 ... Roman Polanski's thriller The Ghost Writer wins six prizes at the European ... Polanski was working on the
film at the time of his arrest in ... www.bbc.co.uk/news/entertainment-arts-11921048 {I strongly recommend this, of course,
masterfully done film which deals with exactly that topic and the sordid,
unscrupulous machinations of the cia / u.s. (no wonder the u.s. opted out of
coverage by world treaty / The Hague thereby) to avoid detection of, and to
further such activities as the war crimes referenced.}Don’t
forget: america has their own untouchables in the illegal sense, ie., wall
street, etc., and In interview, Bush defends Iraq war and
waterboarding (Washington Post)
[ Defending the indefensible … what choice does he have … then there’s
the lies … ] Bush
breaks silence, writes next chapter
(Washington Post) [ As a failed
president and war criminal himself, moron dumbya bush is among the few in the
world that makes failed president wobama look plausibly good in comparison …
wobama merely continued the failed policies of dumbya (perpetual war, no pros
the frauds on wallstreet, etc.) that got pervasively corrupt, defacto bankrupt
america to this point of decline and failure. ] Anne E. Kornblut Your take: His most memorable moment? [ Like regrets in that old song (his way)
he’s had a few – http://albertpeia.com/evilonthetarmac.htm here’s a few: bushisms from bush the brain-damaged moron http://albertpeia.com/bushisms.htm : On
March 11, 1999, Investor’s Business Daily reported that at least nine (9) women
have now charged that Clinton "personally assaulted them or, through his
‘agents’ or ‘people,’ threatened to do them or their families physical
harm." The list includes Dolly Kyle Browning, Gennifer Flowers, Juanita
Broaddrick, Paula Corbin Jones, Kathleen Willey, Monica Lewinsky, Linda Tripp,
Sally Perdue, and Elizabeth Ward Gracen. "And all of them say they’re
afraid for their safety so long as he remains in power."
CLINTON BODY COUNT By: Ether Zone Staff
Here is the latest body count that we
have. All of these people have been connected with the Clintons in some form or
another. We have not included any deaths that could not be verified or
connected to the Clinton scandals. All deaths are listed chronologically by
date. This list is current and accurate to the best of our knowledge as of January 13, 1999 August 1, 2000. (see complete
list http://albertpeia.com/bodycount.htm ) …’ ] Robinson: On
track to nowhere in Afghanistan (Washington Post) [ I agree with
Mr. Robinson and we should be thankful that he’s watching closely and, unlike
so many others, he has courage enough to say so : Obama's
glaring ego (Washington Post) [
Come on! Now known for what he really is; viz., an insecure, dysfunctional,
jive-talking b*** s*** artist, he’s just once again, but typically wrong, and
is nothing to have an ego about.
Robinson: White
House is eerily silent on taxes (Washington Post) [ Eerily? I think not! Expectantly? I think so! That
is, once you get beyond the wobama b*** s*** ! And, truth be told party
distinctions are merely distinctions without significant differences (no
prosecution of the wall street frauds, wars raging in Afghanistan / Middle
East, etc.. But alas, as to the ‘wobama whitehouse’ this was predictable early
on as by David Icke : Barack Obama: The
Naked Emperor Shocking but true revelations from David Icke (a must read) | ‘Vast numbers of people across the world, including many
who should know better, have been duped by the mind-game called Operation
Obama... (excerpts) Obama has been the chosen one for a long time, a fact known
only to a few in the deep inner circle, and his relationship with Brzezinski
almost certainly goes back to the start of the 1980s when he attended the Ivy
League, and big-time Illuminati, Columbia University where Brzezinski was head
of the Institute for Communist Affairs. Obama simply will not talk in any
detail about this period. He has been covertly funded and supported ever since
by the Trilateral Commission and its network of foundations connecting into the
Ford Foundation, for whom Obama's mother worked. And a question: Does anyone
really believe that someone, a 'man of the people', would simply appear from
apparently nowhere to run the slickest and best-funded presidential campaign in
American history? He was chosen long ago by those who wish to enslave the very
people that Obama says he wants to 'set free'. The sources of Obama funding
read like a Wall Street Who's Who - Goldman Sachs, UBS, Citigroup, Credit
Suisse, Deutsche Bank, J.P. Morgan Chase, Morgan Stanley, and so on. No wonder
he went back on his pledge to accept the limitations of public funding for his
campaign and instead took the no-limit option of 'private funding. Then there
is the Jewish financier, George Soros, the multi-billionaire associate of
Brzezinski and closely involved with the funding and marketing of Obama. Soros
is a former board member of the Illuminati's Council on Foreign Relations and
funds the European Council on Foreign Relations. In short, he is a major
insider' You can certainly see the Soros/Brzezinski techniques in the Obama
'revolution' in the United States. It was the complex and secretive network of
Soros foundations and organisations, connected to the intelligence agencies of
the US and Israel, that trained and funded students in the Ukraine, Georgia and
elsewhere in the art of mass protest and overthrowing governments. These
manufactured protests were sold to the world as peoples' revolutions, but it
just so happened that when they were over and the old regime was removed the
new leaders were those waiting in the wings all along - the puppets of Soros,
Brzezinski and their associated networks. Obama is just more of the same, a big
smile with strings attached, and controlled completely by the Illuminati
networks that chose him, trained him, sold him and provided his record funding.
It was they who kept his many skeletons under wraps, like the gay sex and crack
cocaine allegations of Larry Sinclair (from affidavit: 1. Who is Ron Allen that
claims to be with your Presidential camp, who is alleged to claim that someone
claiming to represent me called asking for $100,000, to keep me from coming
forward about our (Obama and I) November 1999 encounter of sex and cocaine
use?), and they will continue to do so as long as he jumps to their bidding.
Obama is just another Banksters' moll prostituting himself for fame and power,
and that's why he supported the grotesque bail-out of the banking system and
why he will always put their interests before the people. His financial
advisors are straight from the Wall Street 'A' list, including Paul Adolph Volker
(Trilateral Commission, Council on Foreign Relations, Bilderberg Group), the
head of the Federal Reserve from 1979 to 1987 and Illuminati to his fingertips.
Obama has made him head of the Economic Recovery Advisory Board, which is
dominated by insiders, including its staff director and chief economist, Austan
Goolsbee, a close Obama associate from the University of Chicago. Goolsbee is
an initiate of the infamous Illuminati Skull and Bones Society at Yale
University, which also includes Boy and Father Bush. It was Goolsbee who told
the Canadian government not to worry about Obama's attacks on the economic
effects of free trade agreements because his words were just to win votes in
the election campaign. Another Wall Street insider, the Zionist Timothy Geithner
(Bilderberg Group, Trilateral Commission, Council on Foreign Relations), was
appointed by Obama to be his Treasury Secretary. Geithner was the President of
the New York Federal Reserve Bank, the most powerful in the private Federal
Reserve cartel that masquerades as America's central bank, and he is a former
employee of both the Council on Foreign Relations and the appalling Kissinger
Associates. Obama's Treasury team locks into the inner circle around the
Zionist Robert Rubin, the Director and Senior Counselor of Citigroup,
co-chairman of the Council on Foreign Relations, and economic advisor to Obama.
Rubin, a member of the Illuminati Bilderberg Group, was the man behind
Citigroup's strategy of expanding its risk in debt markets which forced it to be
rescued by taxpayers' money. The very people who caused the financial crisis
are being appointed by Obama to decide how to respond to it (more taxpayers'
money for them and their friends) ‘ The following youtube video is well
worth the look and explains how and why the frauds on wall street have gotten
away with their devastating fraud thus far.
The frauds on wall street
et als should be criminally prosecuted, jailed, fined, and disgorgement
imposed. ( UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE
FED PROBE IN BLACK PANTHER CASE... In emotional and personal testimony, an ex-Justice
official who quit over the handling of a voter intimidation case against the
New Black Panther Party accused his former employer of instructing attorneys in
the civil rights division to ignore cases that involve black defendants and
white victims ...’ US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama has promised to hold Wall Street accountable for the meltdown. ) : While boner and barton are indeed jokes /
vegetables that bespeak the single-digit approval rate for congress, obama’s
failure to deliver on promises with as well, endless war spending despite
defacto bankruptcy of the nation and a watered down nothing financial
regulation bill for talking points but little substance, make him as big a
joker. This well researched / produced video tells the real story : http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1 ‘THE OBAMA DECEPTION’
– well worth the view. [ The
Obama Deception Number 1 on U.S. Google Trends ] ‘The Obama Deception’
Censored A viral You Tube upload of one of
Alex Jones’ most popular feature films ‘The Obama Deception’ has been censored
following a spur of the moment campaign to elevate the movie’s title to the top
of the major internet search engines.
In
light of this development, I provide an archived site version which appears to
be complete (but will be compared with earlier version and replaced with same
if incomplete) http://albertpeia.com/obamadeceptionhighqualityversion.flv
------------------- In interview, Bush defends Iraq war and
waterboarding (Washington Post)
[ Defending the indefensible … what choice does he have … then there’s
the lies … ] Bush
breaks silence, writes next chapter
(Washington Post) [ As a failed
president and war criminal himself, moron dumbya bush is among the few in the
world that makes failed president wobama look plausibly good in comparison …
wobama merely continued the failed policies of dumbya (perpetual war, no pros
the frauds on wallstreet, etc.) that got pervasively corrupt, defacto bankrupt
america to this point of decline and failure. ] Anne E.
Kornblut Your take: His most memorable moment? [ Like regrets in that old song (his way)
he’s had a few – http://albertpeia.com/evilonthetarmac.htm here’s a few: bushisms from bush the brain-damaged moron http://albertpeia.com/bushisms.htm : On
March 11, 1999, Investor’s Business Daily reported that at least nine (9) women
have now charged that Clinton "personally assaulted them or, through his
‘agents’ or ‘people,’ threatened to do them or their families physical
harm." The list includes Dolly Kyle Browning, Gennifer Flowers, Juanita
Broaddrick, Paula Corbin Jones, Kathleen Willey, Monica Lewinsky, Linda Tripp,
Sally Perdue, and Elizabeth Ward Gracen. "And all of them say they’re
afraid for their safety so long as he remains in power."
CLINTON BODY COUNT By: Ether Zone Staff
Here is the latest body count that we have. All of these people have been
connected with the Clintons in some form or another. We have not included any
deaths that could not be verified or connected to the Clinton scandals. All
deaths are listed chronologically by date. This list is current and accurate to
the best of our knowledge as of January 13, 1999 August 1, 2000. (see complete
list http://albertpeia.com/bodycount.htm )Susan Coleman : Rumors were circulating in Arkansas of an affair with Bill Clinton. She
was found dead with a gunshot wound to the head at 7 1/2 months pregnant. Death
was an apparent suicide. Kevin Ives & Don Henry: Initial cause
of death was reported to be the result of falling asleep on a railroad track in
Arkansas on August 23, 1987. This ruling was reported by the State medical
examiner Fahmy Malak. Later it was determined that Kevin died from a crushed
skull prior to being placed on the tracks. Don had been stabbed in the back.
Rumors indicate that they might have stumbled upon a Mena drug operation. Paul Olson: A Federal witness in
investigations to drug money corruption in Chicago politics, Paul had just
finished 2 days of FBI interviews when his plane ride home crashed, killing
Paul and 130 others on Sept 8 1994. The Sept. 15, 1994 Tempe Tribune newspaper
reported that the FBI suspected that a bomb had brought down the airplane. Calvin Walraven: 24 year on
Walraven was a key witness against Jocelyn Elder's son's drug case. Walraven
was found dead in his apartment with a gunshot wound to the head. Tim Hover, a
Little Rock police spokesman says no foul play is suspected. Alan G. Whicher: Oversaw
Clinton's Secret Service detail. In October 1994 Whicher was transferred to the
Secret Service field office in the Murrah Building in Oklahoma City. Whatever
warning was given to the BATF agents in that building did not reach Alan
Whicher, who died in the bomb blast of April 19th 1995. Ron Brown: . The Commerce
Secretary died on April 3, 1996, in an Air Force jet carrying Brown and
34 others, including 14 business executives on a trade mission to Croatia,
crashed into a mountainside. The Air Force, in a 22-volume report issued in
June of 1996, confirmed its initial judgment that the crash resulted from pilot
errors and faulty navigation equipment At the time of Brown's death,
Independent Counsel Daniel Pearson was seeking to determine whether Brown had
engaged in several sham financial transactions with longtime business partner
Nolanda Hill shortly before he became secretary of commerce. Charles Meissner: died: UNK -
Following Ron Brown's death, John Huang was placed on a Commerce Department
contract that allowed him to retain his security clearance by Charles Meissner.
Shortly thereafter, Meissner died in the crash of a small plane. He was
an Assistant Secretary of Commerce for International Economic Policy. Barbara Wise: Wise a 14-year
Commerce Department employee found dead and partially naked in her office
following a long weekend. She worked in the same section as John Huang.
Officially, she is said to have died of natural causes. Mary C. Mahoney: 25, murdered
at the Georgetown Starbuck's coffee bar over the 4th of July '97 weekend. She
was a former White House intern who worked with John Huang. Apparently she knew
Monica Lewinsky and her sexual encounters with Bill Clinton. Although not
verified, it has been said that Lewinsky told Linda Tripp that she did not want
to end up like Mahoney.
---------------------------------------------------------
The Vietnam war was a painful time for
America. Many young Americans were drafted and died thousands of miles from
their loved ones. Young men of priviledge had a clear advantage - few of them
went to Vietnam, securing positions in the National Guards of their respective
states. George W. Bush was one of these men, securing a place in the Texas Air
National Guard in spite of a waiting list of several hundred. However, he
claims that he did not receive special consideration, which is clearly a lie. Most of the young men lucky enough to
get into the Guard fulfilled their obligations. George W. Bush did not. He was
absent without leave, AWOL, for over a year. Not surprisingly, this got little
attention from the corporate media... … After the hostages' release, the arms
shipments to Iran continued. Profits were funneled to another pet cause of the
right wing - the Nicuaraguan terrorists known as "freedom fighters"
or "Contras". Another Contra source of income was trafficking in
narcotics, running cocaine into the United States, with the full knowledge and
cooperation of Administration officials. In the 80's there was a huge increase
in the flow of cheap crack cocaine into the inner cities of America and
countless lives were destroyed. A series of investigations led to the
convictions of Oliver North and Vice Admiral John C. Poindexter, head of the
National Security Council, on charges of obstructing Congress and unlawfully
destroying documents, but both their convictions were later reversed. In 1992
President George H.W. Bush pardoned many of the top government officials who
had been charged or convicted in the scheme. The main perpetrators of Iran/Contra
and associated events remain free today, and many of them work in George W.
Bush's Administration. … Of the three generations of Bush men
mentioned on this site, the most evil and most dangerous by far is George Bush,
Sr. The Bush family came by their wealth on
the backs of 11 million dead. Prescott Bush, along with partner E. Ronald
Harriman, supplied financial aid and raw materials to Hitler's Third Reich. In 1942, Bush/Harriman companies were
seized under the Trading with the Enemy Act: the Union Banking Corporation, the
Holland-American Trading Corporation, the Seamless Steel Equipment Corporation
and Silesian-American Corporation. After the war, the CIA recruited many
former Nazis to work for them, escaping prosecution for war crimes. Klaus Barbie,
infamous for ordering the murder of French children, was among them. He was,
however, eventually caught and returned to France to stand trial. … Shortly before the 9/11 attacks, John
Ashcroft stopped flying commercial and started flying on government-chartered
planes. Why? In fact, the George W. Bush received
many warnings that he disregarded. Bush knew, and he did nothing. Why? Oil, that's why. And a free rein to rape
the Constitution. …- David Blomstrom ]
] Gerson: He could have taken quiet credit for
the bipartisan tax deal; he chose otherwise.
]
‘Deadbeat’
TARP banks on rise (Washington
Post) [ Sounds like a plan! Viz., when worthless paper / securities / toxic
assets are being carried in the trillions now marked to anything (as per
legislated mark to anything FASB rule change), the reality is that there’s no
real surplus from which to pay dividends, etc.. ]Obama administration steps up monitoring of banks that miss
required payments. (12-26-10) I’m constrained to eat crow
here, inasmuch as I’ve previously had negative things to say regarding Time
Warner Cable. But, so as not to be one of those do as I say, but not as I do
hypocrites, I must state for the record here that Time Warner Cable internet is
far superior to the att-based DSL, and that att can’t-do-thing means I’ll be
canceling my (jersey / now dumbya bushie land) att land line (done 12-27-10,
along with DSL) which wasn’t fully functional anyway but had kept same for the
listing, and for internet connection which ultimately required DSL and failed
at that. (12-23-10) MY INTERNET CONNECTION IS DOWN
AGAIN AND OF COURSE, I WILL HAVE MORE TO SAY ABOUT THE PERVASIVELY CORRUPT,
DEFACTO BANKRUPT AMERICAN SCUMBAGS SHORTLY! They will be sorry they did this …
I won’t forget it! (12-22-10) MY INTERNET CONNECTION IS DOWN
SO I’M USING A LOCAL WORKSTATION COMPUTER AND WILL HAVE MORE TO SAY ABOUT THE
PERVASIVELY CORRUPT, DEFACTO BANKRUPT AMERICAN SCUMBAGS SHORTLY! They will be
sorry they did this … I won’t forget! Rockefeller
Study Envisages Future Dictatorship Controlled By Elite … (Vegetables … Yes,
Asparagus, not Broccoli) … Here’s the pathetic news, however; it’s called
reality: [Neanderthals, Humans
Interbred, DNA Proves Signs of Neanderthals
Mating With Humans - Neanderthals mated with some modern
humans after all and left their imprint in the human genome. Genome hints humans, Neanderthals rolled in
prehistoric hay You're a Neanderthal: Genes say yes — a little bit (AP) Neanderthals and people interbred, fossil
analysis finds For more info on man’s humble beginnings, see
here
http://www.albertpeia.com/anthroindex1.htm Previously I wrote: FOUND: MISSING LINK BETWEEN APES AND MAN.... [see infra] and [Interestingly, my intuitive (but unstudied) thoughts
prior to closer examination of the compelling subject of Biological
Anthropology remain what I believe to be the correct scenario. Specifically,
very simply stated, for the most part, the more “enlightened” (but not by much;
by mutation, accident, luck, intervention, etc.) left the unvarying confines of
their Sub-Saharan origins, experienced diverse new environs, challenges, etc.,
experienced what has been described (by neuroscientists, psychologists, etc.)
as neurogenesis in varying degrees and forms thereby over time, which trait was
selected for and is consistent with the purported multi-regional evolutionary
model which does not overtly contradict ultimately, initial African origins.
Races, sub-species, missing links, etc., are subsumed in this very humbling and
sorrowful tale of the “dawn of man”.] [see infra] … ] Global
pandemics that kill millions, mandatory quarantines, checkpoints, biometric ID
cards, and a world of top-down government control. These things are not lifted
from the latest sci-fi blockbuster movie, they’re part of the Rockefeller
Foundation’s vision for what the globe might be like in 15-20 years’ time under
a new world order tightly controlled by the elite. [That’s getting awfully
close to the outside ‘decades, not millennia or even centuries’]. Iran
accuses US and UK of supporting group behind mosque attacks Iran is vowing to hunt down a Sunni
separatist group which claimed responsibility for a double suicide bombing that
killed 28 people at a mosque in the south-eastern city of Zahedan. US, NATO
behind Iran bombings: MP An Iranian
lawmaker slams the recent bombings in the country’s southeast as a plot by
Western military forces in the Middle East to spread terror on Iran’s borders. WASHPOST
Ombudsman: Why Silence on Black Panther Story? (Washington Post) ‘Thursday's Post
reported about a growing controversy over the Justice
Department's decision to scale down a voter-intimidation case against members
of the New Black Panther Party . The story
succinctly summarized the issues but left many readers with a question: What
took you so long? For months, readers have contacted the ombudsman wondering
why The Post hasn't been covering the case. The calls increased recently after
competitors such as the New York Times and the Associated Press wrote stories.
Fox News and right-wing bloggers have been pumping the story. Liberal bloggers
have countered, accusing them of trying to manufacture a scandal. But The Post
has been virtually silent. The story has its origins on Election Day in 2008,
when two members of the New Black Panther Party stood in front of a
Philadelphia polling place. YouTube
video of the men , now viewed nearly 1.5 million times,
shows both wearing paramilitary clothing. One carried a nightstick…’
Latino
KKK: You are too white to be American! ALIPAC | Tan Klan
woman can scream racist comments because the Obama administration and most of
the major news networks in America have her back.
‘West,
israel linked to SE Iran blasts’ A ranking
official with the Islamic Revolution Guards Corps (IRGC) has implicated “the us , israel and some european countries” in the
deadly blasts in the southeastern Iranian city of Zahedan. De-classified
Vietnam-era Transcripts Show Senators Knew Gulf Of Tonkin Was A Staged False
Flag Event Over 1,100 pages of
previously classified Vietnam-era transcripts released this week by the Senate
Foreign Relations Committee highlight the fact that several Senators knew that
the White House and the Pentagon had deceived the American people over the 1964
Gulf of Tonkin incident. Afghans march in Kabul to denounce NATO
strikes that killed civilians: Demonstrators shout anti-American slogans,
denounce NATO strikes ( Washington Post ) Sounds like a plan! Almost surreal was the appearance of gates on
failed network ‘news’ show to shill the non-strategy of draw down (of troops)
linked to success. What success? Just being there and every day they’re there
is unequivocally abject failure. Celebritology
Weekend: Angelina Jolie biography arrives; Heidi Montag files for divorce ( Washington Post ) I usually don’t weigh in on entertainment news, but
this headline concerning what appears to be a disparaging, and quite
selectively so, purported biography of Angelina Jolie is very disheartening
when you consider the numerous instances of failed leadership at nearly all
very high levels of government having so detrimental an impact on the world,
that morton deems his time appropriate to an actress who has actually tried to
do good things (U.N., etc.) without having to. Indeed, even her latest film
‘Salt’ (spectacular by any standard as is her performance – there are at least
2 winning sequels there with 4 the max and stretching it owing to age – she
puts all, and I mean all the ‘Bonds’ to shame) had an important message in
terms of the damage to this nation by a seemingly endless, nation-bankrupting,
anti-american (war criminal israelis already, and quite correctly, globally
hated) sentiment producing war strategy that is neither strategy nor reasonably
consistent with any positive american goal / objective; but rather is such a debacle and folly that the same could
very well be one that only an enemy of defacto bankrupt america could hatch and
for the reasoning set forth in the well-written / directed film. She astutely
observed and talked about the synchronicity of the film as juxtaposed to recent
events revealing that she is wiser than
most in Washington. Drudgereport: NEW
LOW FOR O: USATODAYGALLUP HAS OBAMA APPROVE AT 41%... America Is
'Bankrupt Mickey Mouse Economy'... WIRE:
USA 'Bankrupt and We Don't Even Know It'...
YOUTH
UNEMPLOYMENT HITS RECORD HIGH JOBLESS
CLAIMS JUMP TO HIGHEST SINCE FEB... California
can't pay bills -- may use IOUs for August payments...
DEFICIT
ADDS $165,040,000,000.00 -- IN ONE MONTH! Homes
lost to foreclosure up 6% from last year... Grim
Voter Mood Turns Grimmer... Claims
of Afghan civilian deaths spark protest... Military
sees heavier fighting in fall...
UPDATE:
Suspected serial killer arrested in Atlanta... Attempting
to flee to israel … to be with kindred spirits ...
DEFICIT
ADDS $165,040,000,000.00 -- IN ONE MONTH!
MOB
RUSH FOR FED AID DRAWS RIOT POLICE DOW
drops 265... Feds
rethink policies that encourage home ownership... Obama:
$3 Billion More in Aid for Unemployed... US
posts widest trade gap in 20 months... Q2 GDP Growth Could Be Revised To Just 1% After Trade Data... PUMP:
FED TO BUY MORE DEBT... DOWNGRADES
OUTLOOK... US-backed
fighters in Iraq defect to al-Qaida...
BACK
TO SPEND SOME MORE!
Republicans
Suggest Names for 'Second Stimulus' Bill... 'Where
do the bailouts end?' [I feel compelled to comment here that even capital hill math would
be hard-pressed to justify $26 billion taxpayer / treasury dollars they don’t
really have, to save 300,000 state / local government jobs! After all, the
nation is defacto bankrupt! ]
CASTRO
WARNS OF IMPENDING NUCLEAR HOLOCAUST WELCOME
TO THE RECOVERY... JULY
UNEMPLOYMENT -131,000 JOBS... Revised: May/June -97,000 jobs than first reported... Odd
mix of bad news...
CASTRO
WARNS OF IMPENDING NUCLEAR HOLOCAUST Michelle
Obama 'modern-day Marie Antoinette'...
NYT:
'Leaves the taxpayers with a hefty bill'... While
Obama preaches sacrifice, his family frolics in Spain...
Gazpacho,
turbot, veal and ratatouille with the king... Lavish
Obama vacation in time of economic turmoil raises eyebrows... BAKER:
'Leaves taxpayers with hefty bill'... Hollywood
star-studded gala at first lady's luxury hotel...
MICHELLE
O'S $375,000 VACATION?! Strolls Marbella after State Dept. 'racist' Spaniards gaffe...
White
House calling: Please will you make a coat for Michelle...
Boy
Scouts boo Obama... GALLUP:
Blacks and Whites Continue to Differ Sharply on Obama... JUDGE
KNOCKS DOWN MARRIAGE PROP IN CA BLOW
TO O: MO SAYS NO Voters
overwhelmingly rejected federal mandate to purchase health insurance...
Americans
swap passports; Desire to avoid tax leads some to renounce citizenship... Ahmadinejad
survives blast near motorcade... 'Stupid
Zionists have hired mercenaries to assassinate me'...
FALTERING RECOVERY TRIPS DOLLAR...
GM,
FORD and CHRYSLER Sales All Lag Estimates...
Stimulus
Slammed: Republican Senators Release Report Alleging Waste... The
100 worst stimulus projects...
SHOCK
VIDEO: DEM CONGRESSMAN BRAGS: 'FEDERAL GOVERNMENT CAN DO MOST ANYTHING IN THIS
COUNTRY'... Deadliest Month Of Afghan War
Paper:
Will Washington's Failures Lead To Second American Revolution
Maxine
Waters faces trial over bank bailout funds...
HOT WATERS Dems
Say Sorry, Charlie...
Democrats
Say Rangel Should Resign... Obama:
Time For Rangel To End Career 'With Dignity'...
60,000 babies born to 'noncitizens' get U.S. birthright - in Texas
alone...
Dutch
become 1st NATO member to quit Afghanistan...
Public
confidence in Obama reaches new low (Washington Post). Six in 10 Americans lack faith in Obama and
hold lower esteem for members of Congress, according to the latest Washington
Post-ABC News poll. Such stats as this tend to
typify scenarios as this where you break every significant campaign promise that got you elected, from
endless war (ie., Afghanistan, etc.) to not prosecuting the frauds on wall
street, and the growing realization of ‘typical’: Public confidence in Obama reaches new low (Washington Post) Six in 10 Americans lack
faith in Obama and hold lower esteem for members of Congress, according to the
latest Washington Post-ABC News poll. Such stats as this tend to typify
scenarios as this where you break every significant campaign promise that got you elected, from endless war (ie.,
Afghanistan, etc.) to not prosecuting the frauds on wall street, and the
growing realization of ‘typical’:
But
still it’s ‘hands off fraudulent wall street’ to theirs, the nation’s, and the
world’s detriment. Firms
subpoenaed in attempt to regain Fannie, Freddie losses (Washington Post).
But there’s a reason: The following youtube video is well worth the look and explains
how and why the frauds on wall street have gotten away with their devastating
fraud thus far. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed. ( UPDATE: MORE CLAIMS OF RACE
BIAS AT JUSTICE... CIVIL RIGHTS PANEL TO PURSUE
FED PROBE IN BLACK PANTHER CASE... In
emotional and personal testimony, an ex-Justice official who quit over the
handling of a voter intimidation case against the New Black Panther Party
accused his former employer of instructing attorneys in the civil rights division
to ignore cases that involve black defendants and white victims ...’ US v. AZ... Cases
against Wall Street lag despite Holder’s vows to target financial fraud Washington Post | Obama
has promised to hold Wall Street accountable for the meltdown. ): While boner and barton are indeed jokes / vegetables that bespeak
the single-digit approval rate for congress, obama’s failure to deliver on
promises with as well, endless war spending despite defacto bankruptcy of the
nation and a watered down nothing financial regulation bill for talking points
but little substance, make him as big a joker. This well researched / produced
video tells the real story : http://www.youtube.com/watch?v=eAaQNACwaLw&feature=PlayList&p=2EFAB57B44063742&playnext_from=PL&index=0&playnext=1 ‘THE OBAMA DECEPTION’ – well worth the
view. [ The
Obama Deception Number 1 on U.S. Google Trends ]
Then there is the well researched,
produced, and informative ‘ESOTERIC AGENDA’ which explains how we’ve gotten to
this forlorn point: http://video.google.com/videoplay?docid=-7052400717834950257#
Pentagon warns Congress:
Accounts running dry... Eight U.S. service members killed in series
of attacks in southern Afghanistan (Washington Post, July 15,
2010) . This ridiculous war apparently for the sake of the american sponsored
reinvigorated heroin trade was a bad idea ab initio even if america wasn’t
defacto bankrupt.
Concern
over smashing into the 'wall of debt' (Washington Post) Oh, they’ve hit the
wall alright; and, it’s not just debt. I believe the printing presses have been working
overtime to pump out ever more worthless fiat currency and with the many
trillions of worthless fraudulent paper still out there and marked to anything.
I further believe the same is being surreptitiously used to supplant the
fraudulent paper, the consequences of which will be devastating, of course, as
is invariably so in depressions in any event. This scenario would also mean
huge fraud accomplis. This market
is paper on paper moving around and generating commissions at lightning
computerized speed but adding no real value in real economic terms; again, the
analogy of termites eating away at the (nation’s) foundation is apposite. As
such, that money has to come from some real place and hence, the ever more
frequent and larger crashes we are seeing. Don’t forget that the worthless paper
from previous such fraudulent schemes now marked to anything is still out there
in a magnitude some have placed in the hundreds of trillions. ‘This is
a global depression. This is a secular bear market in a global depression. The
past up move was a manipulated bull (s***) cycle in a secular bear market. This
has been a typically manipulated bubble as has preceded the prior crashes with
great regularity that the wall street frauds and insiders commission and sell
into .’
Harry Dent, Jr. Economy will be in a
Depression by 2011
Economists
worry women, minority business owners' gains will be lost (Washington Post)
Little bit late for ‘economists worry’; talk about senile greenspan /
no-recession bernanke economics / prognosticating. Does anybody recall the
merciless drubbing (and pressure) that Ross Perot got for predicting the ill
effects of NAFTA and standing against the tide. In america today, the best men
never win; that’s reality, and also the sign of decline.Exports
are up, but where are the jobs? (Washington Post) Gone with the wind?
Sorry, I must have been thinking of million dollar movies. Seriously though, I
dare say everyone knows they were gone with that ‘bi-partisan executive /
congressional, think-tank, cia / nsa ill wind’ that others might refer to as
flatulence / passing gas, also called NAFTA, and also proudly hailed by the
foregoing as ‘strategy’. They’re gone, and never to return. Moreover, the
flipside of the exports, viz., imports, doesn’t bode well despite the
fraudulent wall street b*** s*** and their chorus of cheerleaders in
washington. Some might say self-delusion but I would say fraud covers all.
Companies
pile up cash but still won't add jobs (Washington Post) Unlike the public sector (which now exceeds private
sector in job gains and average compensation), the private sector attempts to
mesh hiring with economic supply / demand factors to maximize (shareholder) profits / wealth. Whatever
faults american companies have, with relatively few exceptions, this still
remains a very basic fundamental and building surplus (generating profits) is a
necessary precept to ensure survival and the capacity to be a good ‘citizen’ so
to speak. Then there’s reality:
Retail
sales down for 2nd consecutive month (Washington Post) Another ‘Come on’ day on fraudulent wall street! This
time it’s the unexpected downward revision to previous market-frothing retail
sales report and poor retail sales and plunge in mortgage applications and then
there’s the fed minutes pointing to extended bad economy. See Dave Fry’s
(Daily) summary below referencing in euphemistic fashion, yet another ongoing
manipulation also known as fraud. (Absent prosecutions, they’ll continue to do
what comes natural to frauds on wall street). Great opportunity to sell / take
profits since much worse, also called reality beyond the b*** s***, to come.
Then there’s also the bad but typical news; viz., retail sales, mortgage apps, economic outlook down, and yesterday
deficits, trade and budget, up.
Mideast DigestNATION NEWS DIGEST: J.P. Morgan Chase
posts $4.8 billion profit (Washington Post) Yet another ‘Come on’ day on fraudulent wall street! This
time it’s the unexpected jump in continuing claims for unemployment, yesterday
the downward revision to previous market-frothing retail sales report and poor
retail sales and plunge in mortgage applications and then there’s the fed
minutes pointing to extended bad economy. Then there’s also now the ‘goldfinger
factor’ as in goldman’s middle finger. When you defraud for many billions, paying $550 million is
chump change. Goldman shares rocketed 5.5% in after-hours trading. No wonder
Goldman called it "the right outcome for our firm shareholders and
clients." (Absent
prosecutions, they’ll continue to do what comes natural to frauds on wall
street). Great opportunity to sell / take profits since much worse, also called
reality beyond the b*** s***, to come. Then there’s also the bad but typical
news; viz., previous retail sales, mortgage apps, economic outlook down, and
continuing claims for unemployment, deficits, trade / budget, up. (Just in:
7-16-10 Poll – only 43% of Americans approve of the Afganistan War, down from
52% in January, 2010)
Pearlstein: Can
regulation beget innovation? (Washington Post) I believe the more seminal question to be,
whether american companies, consistent with overall american decline and
corruption in so pervasive a fashion, are capable of or inclined toward real
innovation where enhancements to productivity, as well as greater profits, is
the consequence as desired. Certainly there has been ‘innovation’ by the wall
street frauds in the types of (ultimately worthless / fraudulent) paper and
high frequency trade programs enhancing their bottom-lines but little else;
and, those cutting edge ‘weapons of mass destruction’ produced or financed
(israel) by america are hardly productive in the economic sense but innovative
and profitable in the short run, and unwise and nation-bankrupting in the
longer run which we’re in right now!
Goldman
agrees to pay $550M (Washington Post) My own
skepticism based on the disparate numbers (the size of the frauds compared to
the relatively small fine) and as set forth in the initial reactions /
headlines that immediately follow has been allayed somewhat by an interview on
NBR with former SEC head Ruder who explained the very narrow scope of the
settlement which in no way shelters goldman from the huge frauds they have
perpetrated. So long as this is true in fact as well as law and in application,
the SEC deserves praise as has been so under the auspices of ‘Mother Mary’ who
appears to have the gonads lacking in prior SEC heads. The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed. Ex-Justice
official: CIA may have exceeded limits (Washington
Post) Wee doggies! This sounds like the
stuff that SNL Weekend Update ‘Really’ skits are made of; also fitting into
that list of queries as, ‘Is the Pope Catholic?’, ‘Do bears **** in the
woods?’, etc.. Come on! Wake up! This
is the kind of complicit cover-up / corruption found betwixt and between all
three branches of the u.s. government leading ineluctably to america’s current
decline and to which I’ve attested under penalty of perjury in the context of
the RICO litigation [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
].
For
now, spew of oil into Gulf of Mexico is halted (Washington Post) Well, thank God for small favors! I suggest they change that
name, ‘integrity test’; that’s doomed to end in failure. Yes, the brits are
back. They’ve clogged the well, with help from the ‘usual suspects’, the
americans. What precision! What
teamwork! Victory at last … riiiiight!
U.S.
Regulatory Bill Nears Passage With Republican Support The U.S. Senate plans
to pass the financial-regulation bill on July 15 as Democrats secured the 60
votes needed to enact the biggest rewrite of Wall Street rules since the Great
Depression.Fed Sees Slower Growth Wall
Street Journal | Updated forecast to be released Wednesday afternoon
with the minutes of the Fed’s late-June policy meeting is likely to show that
officials have trimmed their second-half forecasts.
WHICH WAY IS THE MARKET GOING NEXT? Gomes: ‘Having been a technical analyst for the first 10
years of my investing career and a fundamental analyst for the past 15 years,
I'm a believer that technical patterns form as fundamentals unfold. As such, if
you know something about both, you can confirm both against each other. At this
point in time, I see a market that is technically reaching up toward its 200
day moving average (2,250 for the NASDAQ). I also see a 50 day moving average
that is threatening to drop below that 200 day moving average. Technically,
that is usually a very bad sign for the market. The question is, "will the
50DMA drop below the 200DMA?" I think the answer is inevitably
"yes". The thing about the moving averages, is that you can see which
points of data are about to fall off. Meanwhile, you can make reasonable
assumptions regarding the points of data that will take their place. By doing
so, you can construct a range of probabilistic scenarios. In this case, some
high numbers are about to come out of the 50DMA, making it go lower. Meanwhile,
some low numbers are about to come out of the 200DMA, making it go higher.
Since both are VERY close to each other right now, it's safe to assume that the
50DMA will indeed fall below the 200DMA. So, that's probably bad news for the
market...technically. Fundamentally, it appears that Q2 turned out well for
most companies. However, most of the investing world knows this and stocks have
rallied about 8% on the news. Ever hear the saying "buy the rumor, sell
the news"? Well, the rumor has been bought and the news is just starting
to flow in. This means that we have to look at the NEXT bit of news to figure
out what rumor the market will be buying or selling. To me, it's clear that the
global economic environment will come back to the front burner as the #1 driver
of stock prices...and that's bad news for stocks. A good Q2 does not mean that
the future is bright. Rather, I believe that Q2 will represent the peak of
earnings health. Starting in Q3, good earnings will become a bit harder to come
by. Why?1) Economic indicators are dropping fast. For all intents and purposes,
the unemployment rate has not budged. Meanwhile, store shelves are stocked
again, PCs have been upgraded, etc. In other words, the pent-up demand that
drove the current rebound has almost run its course. What little remains no
longer has the power to drive the economy as it has over the past 18-months.
2) "Follow the money". This is
one of the most powerfully simple rules on Wall Street. When money is flowing
into the economy (i.e. via lower interest rates or stimulus $$$), it's usually
good for stocks..and vice versa. At present, interest rates can't go much lower
and the numerous stimulus programs are losing effectiveness. This means that
the money is no longer flowing in. Worse yet, the money that was spent is not
generally viewed as having been money well spent. This does not bode well for a
new stimulus package to come anytime soon. In other words, money is not flowing
in AND doesn't appear poised to flow in anytime soon. In fact, state and
municipal budgets are being cut (money flowing OUT), while they raise local
sales and income taxes (more money flowing out). if federal taxes go up in
2011, as planned, even more money will be flowing out. If you follow that, you
should be flowing out of the stock market. In short, barring a new stimulus
package of other major money-flowing event, I believe the economy slips back
toward recession. Whether or not we double-dip, we will almost certainty slip
in that direction.
3) If you follow the money in
Europe, you will run for the hills. Europe has decided to spin
180-degrees and shift from stimulus to austerity (if you don't know the
definition, look it up -- you'll likely hear it again -- and not just from me).
Effectively the opposite of stimulus, austerity will pull money away from the
European economies...which tells us to pull money away from stocks. Worse yet,
the effect of the EU/IMF bailout is already wearing off. Greek yields are
rising again and Portuguese credit ratings have been reduced.
4) Global bubbles are bursting. Most notably,
home sales in China and Canada are starting to fall. Remember what happened
when the U.S. housing market cracked? That's right -- that's what started this
mess in the first place.
5) Politically, this period in
time has a tendency to be bad for stocks. There is uncertainty
around the mid-year elections...and the market hates uncertainty. Historically,
the political picture doesn't become clear until October, at which point we
might expect a rally. Until then, expect the democrats to do everything they
can to retain their jobs in November. That means, "stop pissing off the
public"...and the public seems pretty pissed about how the stimulus $$$
worked out for them (or more accurately, how it DIDN'T work out for them).
Thus, the political pressure will lean against further stimulus until after the
elections.
The Bottom Line : I
believe that the market will start to reflect these concerns very soon. These
are real fundamental concerns, which you can see reflected in the technicals.
As the market reaches the 50DMA and the 200DMA, it will be inclined to retreat
(barring some new, hugely positive news). Meanwhile, the 50DMA is 90%+ likely
to cross below the 200DMA, giving the market more reason to retrench. At some
point, if the economy sinks far enough and if the market drops far enough,
political pressure for more stimulus will mount. At that point, money will flow
back into the economy. But that time is not now. Now, money is flowing away
like the tide...and so should your invested capital. I'm not always right, but
I do my best, based on the information before me. Based on what I see right
now, the most logical conclusion is to expect a long, ugly summer for stocks.
If I see information that changes that view, I'll be sure to post an update to
this post. Disclosure: I have short positions against the market
Majority
of Americans lack faith in Obama: poll Nearly 60 percent of American voters
say they lack faith in President Barack Obama, according to a public opinion
poll published on Tuesday. Majority
of Americans lack faith in Obama: poll Reuters | Nearly 60
percent of American voters say they lack faith in President Barack Obama,
according to a public opinion poll published on Tuesday. Top
anti-war Democrat: Afghanistan war could ‘destroy’ Obama’s presidency Raw Story | An outspoken anti-war Democrat
said ongoing US military efforts in Afghanistan could deeply imperil the
presidency of Barack Obama and the fortunes of the Democratic Party. Obama’s
debt commission warns of fiscal ‘cancer’ Washington Post | The commission leaders said that, at present, federal revenue is
fully consumed by three programs: Social Security, Medicare and Medicaid.
DRUDGEREPORT: 'White
House waving white flag'... Panic
button... WIRE:
Dems show signs of battle fatigue... Federal
deficit gap tops $1 trillion through June... Republicans
propose cutting Obama budget... 'CREDIBILITY
CRISIS'
If
not for the likes of ie., Dell Computer, most (ie., those die hard Mac, Iphone,
Ipad, etc., aficionados among others) would say microsoft’s already in the
clouds, so to speak. Microsoft
takes aim at the cloud (Washington Post) No
help in sight for jobless (Washington Post) Well, from their perspective, they
really don’t feel your pain, and, it gives the frauds on wall street another
b*** s***, market frothing, false talking point in the form of ‘fewer
continuing claims for unemployment’. Then there’s that ‘ depression thing’.
The
big crash — America plunges into Depression Alexander Cockburn
‘This is a global
depression. This is a secular bear market in a global depression. The past up
move was a manipulated bull (s***) cycle in a secular bear market. This has
been a typically manipulated bubble as has preceded the prior crashes with
great regularity that the wall street frauds and insiders commission and sell
into. This is a typical wall street churn and earn, pass the hot potato scam /
fraud as in prior crashes .’
Making
millions from mowing lawns [Sounds like a plan … riiiiight!]
(Washington Post) Value Added | Entrepreneur's reinvestment and diversification
… By Thomas Heath For the less entrepreneurial at heart
there’s always … flippin’ burgers … Washington,
D.C.: the nation's (burger) capital? (Washington Post) | ‘The
Washington area has emerged as fertile ground for ground chuck
…’ Survey:
A satisfied federal workforce (Washington Post) Indeed they should be since
they’re totally expendable and a waste of taxpayer money.
Return of the No-Volume Melt-Up
Momentum Book Update: Trend Indicators Still Pointing Negative
Employment Picture Is Getting Bleaker
The Debt Party Is Over ‘ … In a Ponzi scheme, the end comes
when the marginal investor decides to do something else with his money. Then
the house of cards stars falling apart. …’
Mattis: 'It's fun to shoot people' Washington Post - Ed
O'Keefe Jul 9, 2010 By Ed O'Keefe President Obama's pick
to lead military operations in Afghanistan, Iraq, Pakistan and the Middle East
is an experienced ground combat commander, but also earned a stern rebuke in
2005 for controversial comments about combat operations.
Gen. James Mattis is named head of US Central Command Los Angeles Times Blunt General Appointed to Lead Forces in Mideast New York Times
DRUDGEREPORT: BOMBSHELL: Media Mogul Mort Zuckerman Admits
He Wrote One Of Obama's Speeches... Were
White House Officials Ready to Expose Collaboration? Zuckerman Now: Obama Barely Treading
Water... MICHELLE TELLS BLACKS TO 'INCREASE INTENSITY' 6 troops killed in Afghanistan... DEM GOVS WARN: OBAMA SUIT VS. AZ IS 'TOXIC' Debt panel has gloomy outlook... Crisis Awaits World’s Banks as Trillions Come Due... G20 looks to Beijing to drive global growth … They’re
dreamin’! ...
They say ‘stocks oversold’. Preposterous!
Stocks have been overbought based on bad news or nothing at all, rallying on
‘not as bad as expected’. Even if that were true (I don’t believe anything they
say), who cares what the criminally insane frauds on wall street say what they
expect. It’s fundamentals, economic and financial, that ultimately count; but,
in the meantime, they’re like termites eating away at the nation’s foundation
with lightning fast computerized trade programs, all of which excessively huge
commission churn / earn revenues are a net negative for the economy in real
economic terms which is evidenced by unprecedented economic decline in all
productive sectors of the economy. This is a great opportunity to SELL / TAKE
PROFITS since this suckers rally to suck suckers in and keep them sucked in is
based on fraud and b*** s*** alone
and: ‘This is a global depression. This is a secular bear market in a
global depression. The past up move was a manipulated bull (s***) cycle in a
secular bear market. This has been a typically manipulated bubble as has
preceded the prior crashes with great regularity that the wall street frauds
and insiders commission and sell into. This is a typical wall street churn and
earn pass the hot potato scam / fraud as in prior crashes.’
Technical Indicators Trigger Major
Sell Signal ‘… In summary, the bearish picture is
confirmed by technical indicators, a fundamental outlook, sentiment gauges, and
valuations.Based on what the market considered fair market valuations at prior
historic market bottoms, one can conclude how far stocks have to drop to reach
the previously attained level of fair valuations …’ Simon
Maierhofer : ‘On Friday July 9, 2010, 4:32 pm EDT
It rarely ever happens, but when it does, it's serious. It has only happened
nine times in 10 years. We are referring to crossovers between the 200-day and
50-day simple moving averages (SMAs).Very few technical indicators receive as
much attention and media coverage as the 50 and 200-day SMAs. The 200-day MA is
perceived to be the dividing line between a stock that is technically healthy
and one that is not. It's a Big Deal It's a big deal when a
stock or an index drops below the 200-day SMA. It's an even bigger deal when
the 50-day SMA of any given stock or index drops below the 200-day SMA. Such a
crossover reflects internal weakness - at least in theory. We'll discuss in a moment
how the actual numbers match up with theoretic assumptions. On June 22, 2010,
the S&P 500 (SNP: ^GSPC) and Dow Jones (DJI: ^DJI) dropped below the
200-day SMA. One day later the Nasdaq (Nasdaq: ^IXIC) followed. On July 2,
2010, the 50-day SMA for the S&P (NYSEArca: SPY News DIA News QQQQ News Crossovers - Lagging but Notable Many argue that the SMA
crossover is a delayed signal that emphasizes past weakness more than it
foreshadows future declines. To an extent, that is true. There are other
warning signals that point to a market turn long before the SMA does. For
example, on April 16, 2010, the ETF Profit Strategy Newsletter noted an
extremely low put/call ratio along with other bullish sentiment extremes. The
newsletter stated that 'the message conveyed by the composite bullishness is
unmistakably bearish. Once prices start to fall and investors get afraid of
incurring losses, the only option is to sell (due to the low put/call ratio).
Selling, results in more selling. This negative feedback loop usually results
in rapidly falling prices.' Prices did fall rapidly. The 22 trading days
following the April 26 high, erased eight months worth of gains. It took a 17%
drop for the SMA crossover to trigger a sell signal. When the ETF Profit
Strategy Newsletter issued a strong buy signal on March 2, 2009, it emphasized
that the developing rally would be a counter trend rally followed by a steep
decline and maintained this viewpoint even though prices kept rallying
relentlessly into the April highs. The SMA crossover now expresses the
possibility that even lower prices are ahead. 200 and 50-day SMA
Crossovers - How Accurate? How about the SMA crossover track record? Over
the past 10 years, there have been nine S&P SMA crossovers with five sell
and four buy signals. We have yet to see the results of the most recent sell
signal. However, of the eight previous signals, six were correct. Average gains
following each signal were 14.91%. $10,000 invested according to the buy/sell
recommendations given right after the first sell signal was triggered on
October 30, 2000 at S&P 1,399, would be worth $24,769 today. More Than just
Crossovers If it sounds too good to be true, it often is. As is the case with
so many technical indicators, crossovers need to be viewed in context with
other indicators. In other words, take a step back and evaluate how crossovers
fit into the larger picture. The larger picture (going back to 2007) reveals
that trading volume associated with market declines has been generally high,
while trading volume seen during rallies has been generally low; a bearish
sign. Does Wednesday's 3.13% Rally Invalidate the Sell Signal? On Wednesday, the
S&P rallied 32 points or 3.13%. The Dow rallied 2.82%, while the Nasdaq
rallied 3.13%. Does this mean the bull market is back on track?Since the
April market top, we've seen about a handful of 2-3% bounces. All associated
gains were erased within a matter of days. Chances are this time will be the
same. In fact, some sort of bounce was to be expected. On July 5, the ETF
Profit Strategy Newsletter stated 'considering that the S&P is butting
against the 100-week SMA, lower accelerations band, 38.2% Fibonacci retracement
levels, round number resistance at 1,000, and weekly s1 at 994, there is a good
chance we will see some sort of a bounce develop from the 990 - 1,015 area.
Weekly r1 at 1,066 and pivot at 1,063 should serve as resistance.' This bounce
is in its later stages right now. What's Next? Let's revisit the larger
picture. Out of the nine leading industry sectors, seven have seen their 50-day
SMA cross below the 200-day SMA - financials (NYSEArca: XLF News XLK News XLP News XLB News XLU News XLE News XLV News XLY News XLI News Each sentiment measure is one piece of the
puzzle. The more pieces of the puzzle you have, the clearer the picture
becomes. Leading up to the April highs, nearly all sentiment indicators peaked,
painting a complete bearish picture. In summary, the bearish picture is
confirmed by technical indicators, a fundamental outlook, sentiment gauges, and
valuations. Based on what the market considered fair market valuations at prior
historic market bottoms, one can conclude how far stocks have to drop to reach
the previously attained level of fair valuations. The ETF Profit Strategy Newsletter ’
A
Market Forecast That Says ‘Take Cover’ New York Times
| We have entered a market decline of staggering proportions — perhaps the
biggest of the last 300 years.
Commercial Real Estate Loans Extend
and Pretend ‘… Courtesy of Thomson
/ Reuters Commercial Real Estate Loans –
Extend and Pretend Community banks have commercial real estate loans where the
borrower cannot make scheduled interest and principle payments. More than 50%
of all FDIC-insured institutions have loan pipelines that are 80% to 100%
funded. This is a measure of how banks are stuck with noncurrent assets, but
they are not classified that way. Instead, community banks are giving borrowers
more time to make their payments on the theory that it ’ s better to collect zero on some loans
rather than owning the real estate that collateralizes those loans. This
concept is dubbed “ extend and pretend ” hoping that the borrower will eventual pay
the loan back. Banks in this practice are known as “ Zombie Banks ” as they can ’ t lend, can ’ t lure in new
investors, and wait for the FDIC to knock on their doors on Friday afternoon.
This strategy includes stretching out loan maturities and allowing below-market
interest rates to slow the number of defaults and preserving the capital of
banks that would be expended if property had to become “ Other Real Estate Owned. ” As a result “ Loans 30
to 89 Days in Arrears ” and “ Noncurrent ” loans
are not growing as fast as they should be. The net result of these practices
masks the true toxicity of the Commercial Real Estate market. It ’ s not just the small banks that are employing “ extend and pretend ” tactics. I read
that the Bank of America (BAC “ performing ” even with collateral values below the
loan amounts. Extend and pretend is also known as kicking the can down the
road. It seems to me that we have wasted billions if not trillions in stimulus
money and bank bailouts when this money could have been used to actually fund
the completion of these projects. Such a plan would have cost tax payers much
less and would have kept Americans working on Main Street USA, as finishing
incompleted real estate projects are clearly “ shovel ready ”
projects. According to Foresight Analytics banks hold $176 billion of CRE loans
that could be declared toxic. This is the tip of the iceberg as the FDIC
Quarterly Banking Profile shows $1.09 trillion in nonfarm nonresidential real
estate loans and $418 billion in Construction & Development loans on the
books of our nation ’ s banks. About two-thirds of the CRE
loans are maturing between now and 2014, and are underwater. Commercial real
estate property values are down 42% from the October 2007 peak. At the end of
the first quarter 9.1% are delinquent up from 7% a year earlier. Bankers
justify “ extend and pretend ” saying that it ’ s better than
calling the loan and dumping more property on a depressed market. We need a
stronger economy to entice new investors to resurrect projects and to find new
demand for competed offices, hotels, condos etc which are the finished products
of completed CRE projects. Without a strong economic recovery these loans will
eventually have to be written off down the road. The problem is that while
these loans are on hold banks can ’ t justify new loans, which would be the engine of economic
growth. And the beat goes on. Disclosure: No positions ’
Light Volume Temptations: Dave's Daily ‘Volume still matters, doesn't it?
It seems not as the financial media ignores our light volume market in favor of
writing bullish headlines. With hedge funds mostly sidelined according to
reports posted here yesterday, the primary buyers must be trading desks on Wall
Street and a handful of algo traders. It's tempting to come off the sidelines
and join the fun but perhaps it's just the trap they're laying for you. A
headline at Reuters read this afternoon: "Weaker Economic Views Equals
Stronger 3-Year Note Sale". So, if equity markets are forward-looking one
must wonder what these few buyers are seeing beyond a short-term trade.
Headline writers say its strong earnings growth that will prop markets coupled
with rosy outlooks. That would have to be the case otherwise this is just a
sucker's rally. As stated, volume was holiday-like light (40% below average)
making it really easy for the machines to take over trading, and so they did
... ‘
Academics,
Politicians: Pending Global Treaty Threatens Free Internet, Fundamental Rights Steve
Watson | ACTA: Flagship of the growing internet censorship
armada. Two
Stories that Should Scare the Heck Out of You Greg Hunter
| I was sitting here trying to find a way to wrap up the week and then,
like a bolt of lightning, an idea hit me.Gold expert Jim Sinclair sent me this
story: “ Federal Budget Deficit Hits $1
Trillion For 1st 9 Months Of FY ’ 10. ” The story said, “ The shortfall, reflecting $2.6 trillion in outlays for the
first three quarters and $1.6 trillion in receipts, narrowed slightly compared
with the same point in fiscal 2009. ” So where did the “ shortfall ” come from? Try the more that 8 million who lost their
jobs. The story went on to say, “ . . . individual income and payroll tax receipts were down 4% over the
nine-month period, suggesting that wages and salaries have not improved to the
extent that corporate profits have. ” Corporate profits have “ improved ” because they laid-off all those workers!! (Click here for the entire Dow Jones Newswires story)
Sinclair says, “ Nothing has changed. Nothing has
been rescued. The can that is being kicked daily down the path is going to turn
around and bite the kickers. Gold is the only insurance. ” When things get bad enough, there will be more stimulus cash put into
the economy and more bank bailouts. Sinclair is like legendary football
quarterback Joe Montana – never bet against either of
them. Academics,
Politicians: Pending Global Treaty Threatens Free Internet, Fundamental Rights Over
90 academics, practitioners and public interest organizations from six
continents have collectively warned that a secretive global treaty, currently
being negotiated by governments of the world ’ s largest economies would see tight
controls placed on the internet and would threaten other fundamental rights and
freedoms. Economists,
Financial Experts: U.S. Is Trapped In 1932 Size Depression Following
Nobel Laureate Paul Krugman’ s declaration
last week that the U.S. is in entering a third period of great depression, more
and more economists are following suit, comparing the scale of the crisis to
that of the early 1930s. David
Icke onTV: Humanity’ s
Last Chance Infowars.com | Alex talks with writer,
public speaker, and former well-known BBC television sports presenter David
Icke. As
the United States Collapses, Media Worships LeBron James Infowars gives
the inside scoop on basketball MVP LeBron James’ pivotal trade
decision. America
Is In A Societal Meltdown Chuck Baldwin | America is
in the midst of a complete and total spiritual, societal, cultural, moral, and
political meltdown. Obama
Selects General Who Likes Killing Muslims to Centcom Kurt
Nimmo | Gen. Mattis has the same habit of speaking his mind as
McCrystal.The
Lights Are Going Out For Free Speech On The Internet Type the
keywords “ Internet censorship ” into Google
News and you will immediately understand to what degree the world wide web is
under assault from attempts by governments globally to regulate and stifle free
speech. From Australia to Belarus, from Turkey to Vietnam, from Pakistan to
Egypt, from Afghanistan to Iran, huge chunks of the Internet are going dark as
the Chinese model of Internet regulation is adopted worldwide. [Has everybody
lost their minds? Referring to the china model as something to be emulated. It ’ s true they are more productive than america, generally, but their
business model is almost prehistoric and the direct consequence of the great
american sell-out for money (the ‘ pass through ’ or direct) by those who ’ ve pledged otherwise (walmart,
congress, clinton, bush, wobama, etc.). Even some of their simplest products
are junk (but priced incredibly low to make the relative value) and seem to
have adopted that GM strategy of planned obsolescence, breakdown, etc., to spur
sales. Then there ’ s the communist faux capitalism
paradox, suppression, oppression, etc., which has even the defacto bankrupt,
pervasively corrupt, fallen america blindly following. Quite simply, their
ancient business model is slave labor. As for Iran, they are a relatively small
nation under collective siege.] US
taxpayers’ Afghan aid money buys
rich Afghans’ Dubai
villas You already might have heard that it costs the United States
$1 million for each solider per year in Afghanistan, to cover the cost of the
soldiers’ benefits, troop transports and
other materiel. Billions
of dollars secreted out of Kabul Spiegel
Online | Billions of dollars are being secreted out of Kabul to
help well-connected Afghans buy luxury villas in Dubai and then there are the
american recipients who are a bit more careful with their stash. DRUDGEREPORT: PAPER:
Optimism on hold; Recovery economy falters...
USA
marks 3rd-largest, single-day debt increase... Deficit
hits $1 trillion in June for second year... IMF presses US
to cut debt... NSA
INTERNET GRAB; SPY AGENCY SHIFTS TO DOMESTIC EAVESDROPPING...
CIVIL
RIGHTS PANEL TO PURSUE FED PROBE IN BLACK PANTHER CASE... RESET: Russia slams
Clinton for 'groundless' comments... Mortgage
Delinquencies Rising Again as Home Prices Stay Flat... Roubini: Banks Too Big to Fail, Too Big
to Bail Out... COOKED APPLE: 103... UPDATE:
MORE CLAIMS OF RACE BIAS AT JUSTICE... US v. AZ...
The
New Civil Wars Within the West Gregory R. Copley |
Internecine civil wars are underway almost everywhere within the West, and most
virulently in the United States of America. On
Why America’ s 234th Birthday May Not
Have Many More To Follow Zero Hedge | It is my firm
belief that we have come to the “ end of the road ” for the financial system. Iran
says planes denied fuel in Germany, UK, UAE Reuters
| The claim could not be independently confirmed and was met abroad by
skepticism. [Europe really fell fast. They make Christians look like the
dumbest people in the world, along with the likes of ie., UAE if true (and
defacto bankrupt america). After all, this ‘ all for israel ’ mantra is contraindicated inasmuch as the hebrews
deny the very foundation of the Christian religion and indeed were behind his
crucifixion]. Banks
are Still at the Derivatives Casino (at Seeking Alpha)
[video]
Washington's Bungled Bank Bailout (at TheStreet.com)
ECRI Weekly Leading Index Growth Lowest in 13 Months Be on the Right Side of S&P Earnings Estimate Cuts
Inventory Cycle Has Run Its Course Harrison ‘… This is the scenario
I have been predicting for months now.
Double
Dip Recession and the Obama 2011 Budget (February 2010): The long and
short is that – come Summer – the inventory cycle’s thrust will have
dissipated. And if companies are not hiring by this time and consumer
spending is not increasing more robustly, then the state budgets, the
strategic defaults and all of the rest of that becomes a serious obstacle.
In my view, more likely than not, this will lead to another recession late
in 2010 or in 2011. And nothing in the President’s budget changes this
outlook.The
mindset will not change; a depressionary relapse may be coming (March
2010): the inventory cycle’s impact on GDP growth will attenuate. By the
second half of 2010, inventories will not add considerably to GDP.US
GDP growth rate is unsustainable; recovery will fade (April 2010): The
inventory cycle is already starting to fade. That means weak 1 or 2%
growth at best by Q4 2010. Unless job growth picks up tremendously by the
second half of the year, this recovery is in trouble.
David Rosenberg says the
ISM leads jobs . And, the latest jobs
numbers were weak .
I would be nonplused about the recent ISM data if it
weren ’t for the column
highlighted in red. Notice how the momentum for everything is slowing. Not just
the overall index, but new orders, production and employment …’
U.S.
Economy “ Is a Complete Disaster” Yahoo! Finance | The U.S. economy is in shambles
and Americans will continue to see high unemployment and lower living standards
in the years to come. America
is sinking under Obama’ s
towering debt I hope the White House is paying attention to the
latest annual Congressional Budget Office Long-Term Budget Outlook, which
offers a truly frightening picture of the scale of America ’ s national debt, with huge implications for the country ’ s future prosperity. 7.9
million jobs lost, many forever CNNMoney | The recession killed off 7.9
million jobs. It ’ s increasingly likely that many will
never come back. 50
Random Facts That Make You Wonder What In The World Has Happened To America The Economic
Collapse | For
those who still love this land (and there are a lot of us) it is heartbreaking
to watch America slowly die. BP,
Homeland Security, and Cops Work Together to Deny First Amendment Kurt Nimmo | BP, Homeland Security, the FBI ’ s Joint Terrorism Task Force, and local cops will now decide if it is
acceptable for journalists to take photographs. Will
G20 Police Succeed In Covering Up Reports of Rape and Torture? Infowars.com | Can authorities be allowed to
cover-up the Abu-Ghraib style incarceration methods Toronto police engaged in
during the G20 summit this past weekend, where women were arrested and
subsequently raped by male cops? Emergency
S.O.S.: America Falling to Foreign Bank Takeover –
Fourth of July Alex Jones breaks down the takeover by offshore
banking powers – newly empowered by Congress ’ banking “ reform, ” expanded taxes worldwide, as well as accelerated moves towards ending
the Dollar ’ s reserve status, including urging from a recent
United Nations report. More
than one-quarter don’ t
know who US gained independence from Every Fourth of July, Americans
gather to celebrate the country ’ s declaration of independence from … um, what country was that again? DRUDGEREPORT: TORN
ON FOURTH OF JULY: OBAMA DIVIDES NATION... Great
Republic in parlous state -- politically, economically...
YEAR
9: Petraeus in Afghanistan warns of tough mission... 'We are in this
to win' … Win what? The fact of america’s defacto bankruptcy and being there IS
failure no matter what they ultimately call this debacle ... Illinois
Stops Paying Its Bills... Facing
'outright disaster' amid budget crisis...
Turn On, Tune In...Nah, Just Drop Out … Discouraged workers at a new cycle high And small wonder. The
median unemployment duration went to a new all-time high (since the 1940s,
anyway, when that series begins) and shows no signs of slowing its ascent …
(Chart, source Bloomberg) …
YEAR 9: Petraeus in Afghanistan warns of tough mission
… What mission? What plan?.What strategy? National bankruptcy?… Mission
accomplished! ...
NY
Times’ Krugman: We Are Entering The Third Depression Recessions are
common; depressions are rare. [Correction: we’re already in a depression].
JUNE UNEMPLOYMENT 9.5%... 125,000 JOBS
LOST... Rate
dips as 652,000 give up search... Depressing...
[That’s why they’re called depressions (just kidding … but no laughing matter)
… At this rate, with all those lost jobs and jobseekers no longer seeking
those lost jobs that aren’t there, by their calculations (9.5% the bright spot
… riiiiight!) we should be at full employment very soon … you can’t make this
stuff up … really!].
Ron
Paul: 114 Flip Flop on Audit The Fed Causing Bill to Fail 229 – 198 Ron
Paul’s attempt to audit the Federal Reserve, which was previously co-sponsored
by 320 members of the House (HR 1207), failed by a vote of 229-198. All
Republicans voted in favor of the measure with 23 Democrats crossing the aisle
to vote with Republicans. 122 co-sponsors of HR 1207, all Democrats, jumped
ship and voted against the measure. The Future of Audit the
Fed Congressman Ron Paul discusses the latest in the efforts to get a
full and complete audit of the Fed as well as the future of Fed transparency.
Like Congressman Paul says, we’ve accomplished a lot of good with our movement,
and there’s many reasons to be optimistic for the future.
Ditch
the Buck! Dollar demise ‘a matter of months’ A report by the United
Nations says the American dollar should be ditched as the main global reserve
currency. It said that the global financial meltdown has exposed systematic
weaknesses, one of which is the reliance on the
greenback. G-20
is Relying on China To Drive the World Economy … But China Isn’t Looking So Hot
The G-20 is apparently relying on China to drive the world economy.
Middle
class families face a triple whammy Edmund Conway | Falling pensions, cuts and the banking crisis will
impoverish many families.
GOP chairman: Afghan 'war of Obama's choosing' (AP) -
Republican chairman Michael Steele drew criticism from within his own party
Friday, including calls to resign, after saying the 9-year-old commitment of
U.S. troops to Afghanistan was a mistaken ... [Steele is quite right and wobama
and war facilitators deserve criticism; not
Steele.] Pelosi:
Unemployment Checks Fastest Way to Create Jobs “ It creates jobs faster than almost any other
initiative you can name. ” [pelosi ’ s so ‘ in over her head ’ , burnt out, borderline senile,
etc.] Seventy
million expired flu vaccines about to be incinerated as waste [government
/ corporate welfare / fraud] Forty million doses of H1N1 swine flu vaccine are
about to go up in flames, and another 30 million will soon meet the same fate.
They ’ ve expired, you see, and despite the CDC ’ s best efforts to push flu
vaccines on the american people, the industry still couldn ’ t find a way to offload seventy
million doses of a vaccine that doesn ’ t even work. 50 Random Facts That Make You Wonder What In The World
Has Happened To America The Economic Collapse
July 2, 2010 Our world is changing at a pace that is so staggering these days
that it can be really hard to fully grasp the significance of what we are
witnessing. Hopefully the collection of random facts below will help you
to “ connect
the dots ”
just a little bit. On one level, the facts below may not seem
related. However, what they all do have in common is that they show just
how much the United States has fundamentally changed. Do you ever just
sit back and wonder what in the world has happened to America? The truth
is that the America that so many of us once loved so much has been shattered
into a thousand pieces. The “ land of the free and the home of the brave ”
has been transformed into a socialized Big Brother nanny state that is
oozing with corruption and has accumulated the biggest mountain of debt in the
history of the world. The greatest economic machine that the world has
ever seen is falling apart before our very eyes, and even when our politicians
actually try to do something right (which is quite rare) the end result is
still a bunch of garbage. For those who still love this land (and there
are a lot of us) it is heartbreaking to watch America slowly die. The following are 50 random facts that show just how
dramatically america has changed … .
#50) A new report released
by the United Nations is publicly calling for the establishment of a world
currency #49) — $7.25 an hour #48) tasered an 86-year-old disabled grandma in her bed ’ t breathe because they considered her to be a “ threat ” .#47) went negative for the first time since
1952 #46) ’ s Marine Management Organization has completely banned
it, so if there was a major oil spill in the North Sea, BP would not be able to use it #45) more than 40 million Americans are on food stamps #44) to buy $4,318 in “ Happy Birthday ” gift cards #43) to record how much malt liquor they drink and how much
pot they smoke each day #42) has risen to an all-time high #41) own less than 1 percent ’ s wealth.#40) now earns about twice as much #39) ’ s Social Security
benefit was paid for by 16 workers. Today, each retiree ’ s Social Security benefit is paid for by
approximately 3.3 workers. By 2025 it is projected that there will be approximately two workers #38) and climb to an estimated $19.6 trillion by 2015 #37) actually has the gall to ask for online
donations #36) to study the mating decisions of cactus bugs #35) to combat terrorism #34) a 6-year-old girl from Ohio “ no fly ” list maintained by U.S. Homeland Security.#33) increased for the 16th consecutive quarter #32) spend twice as much #31) could reach as high as $1 trillion #30) that the offspring of cloned animals could be in our food
supply right now #29) to the lowest level ever
recorded #28) ’ s paycheck to the
average worker ’ s paycheck was about
30 to 1. Since the year 2000, that ratio has
ranged between 300 to 500 to one #27) maintaining lookout bases in
strategic locations #26) off limits to U.S. citizens #25) the credit card repayment calculator #24) roughly $615 million #23) The six biggest banks ’ s gross national product.#22) “ perfect quarter ” with zero days of trading losses #21) – a 32 percent increase over 2008 #20) private security contractors #19) “ civilian expeditionary force ”#18) and placed them under arrest #17) made up nearly 40 percent of all
home purchases #16) During
a recent interview with Larry King ’ s “ right ” to abortion.#15) could be up to 20 times higher #14) 43 percent of Americans #13) ’ s deposit insurance fund now has negative 20.7 billion dollars in it #12) gets tens of thousands of dollars a
year in oil royalties #11) to study the drinking habits of Chinese prostitutes to find out why gay men engage in risky sexual behavior
when drunk #10) that more than three billion
dollars in cash #9) ’ s Bureau of Transportation Statistics, the baggage check fees
collected by U.S. airlines shot up 33% #8) after they were forced to remove
their American flag T-shirts #7) approximately 50 percent of GDP #6) is now about 360 percent of GDP #5) was recently handcuffed and sent to
a mental facility #4) have been arrested by police #3) to recite the Pledge of Allegiance #2) are living below the poverty line #1) more than 50 million babies
Fed
Made Taxpayers Unwitting Junk-Bond Buyers Bloomberg
| So-called assets included collateralized debt obligations and mortgage-backed
bonds. Dollar
Plunges After UN Call To Ditch Greenback The dollar plunged today following
a United Nations report which called for the greenback to be replaced as the
global reserve currency by the International Monetary Fund’ s special drawing rights
(SDRs). National
debt soars to highest level since WWII The federal debt will
represent 62% of the nation ’ s economy by the
end of this year. Dollar
should be replaced as international standard, U.N. report says CNN
| The dollar is an unreliable international currency and should be replaced by
a more stable system, the United Nations Department of Economic and Social
Affairs said. Double
Dip Picking Up: Jobless Claims Spike To 472,000, On Expectations Of 455,000 Jobless
claims were a disaster, coming in at 472k, on expectations of 455k. Prior was
revised, surprise, surprise, higher to 459k from 457k. What is scariest is that
between extended benefits and EUC, now that Congress has turned off the
perpetual insurance spigot for the unemployed, dropped by -158,155 and
-217,513.‘ Jobless Recovery’ Myth as Banksters RAPE and ENSLAVE the Public! GET OFF YOUR
KNEES! ’ re told that this
will be a ‘ jobless recovery ’ with further job losses expected
before things get better. Well, if you believe that nonsense I ’ ve got a fantastic sundrenched beach on the growing
ice packs of Antarctica to sell you. How on earth can there be anything called
a jobless recovery? The simple answer is that there can ’ t! Study:
US media redefined torture after US started practicing it The US news
media radically changed how it reported on the issue of waterboarding after it
emerged that US forces had used the practice, says a new study from Harvard
University. The
Toronto G20 Riot Fraud: Undercover Police engaged in Purposeful Provocation Toronto
is right now in the midst of a massive government / media propaganda fraud. As
events unfold, it is becoming increasingly clear that the ‘ Black Bloc ’ are undercover police operatives engaged in
purposeful provocations to eclipse and invalidate legitimate G20 citizen
protest by starting a riot. Government agents have been caught doing this
before in Canada. Obama
Calls for Pentagon “ Civilian
Component” [Wow! Sounds like a plan … riiiiight!] Kurt Nimmo | Obama wants to send civilians to the occupation zones in
Iraq and Afghanistan. Drudgereport: JUNE UNEMPLOYMENT 9.5%... 125,000 JOBS
LOST... Rate
dips as 652,000 give up search... Depressing...
[That’s why they’re called depressions (just kidding … but no laughing matter)
… At this rate, with all those lost jobs and jobseekers no longer seeking
those lost jobs that aren’t there, by their calculations (9.5% the bright spot
… riiiiight!) we should be at full employment very soon … you can’t make this
stuff up … really!].
New
jobless claims rise [again]... 'Surprise'...
Pending
home sales plunge record 30%...
Weak economic
data suggest 'recovery' fizzling... Fears
mount over slowing global demand...
UN
committee calls for dumping US dollar...
YEAR
9: Petraeus in Afghanistan warns of tough mission … What mission? What
plan?.What strategy? National bankruptcy?… Mission accomplished! ...
Six Months
to Go Until the Largest Tax Hikes in History...
SIX MONTHS TO GO UNTIL From Ryan Ellis on Thursday, July 1, 2010 4:15 PM
http://www.atr.org/six-months-untilbr-largest-tax-hikes-a5171##ixzz0sVN5aBH3
In
just six months, the largest tax hikes in the history of America First Wave: Expiration of 2001 and 2003 Tax Relief Personal income tax rates will rise. The top income tax
rate will rise from 35 to 39.6 percent (this is also the rate at which
two-thirds of small business profits are taxed). The lowest rate will
rise from 10 to 15 percent. All the rates in between will also
rise. Itemized deductions and personal exemptions will again phase out,
which has the same mathematical effect as higher marginal tax rates. The
full list of marginal rate hikes is below:Higher taxes on marriage and family. The “marriage
penalty” (narrower tax brackets for married couples) will return from the first
dollar of income. The child tax credit will be cut in half from $1000 to
$500 per child. The standard deduction will no longer be doubled for
married couples relative to the single level. The dependent care and
adoption tax credits will be cut.The return of the Death Tax. This year, there is no
death tax. For those dying on or after January 1 2011, there is a 55
percent top death tax rate on estates over $1 million. A person leaving
behind two homes and a retirement account could easily pass along a death tax
bill to their loved ones.Higher tax rates on savers and investors. The capital
gains tax will rise from 15 percent this year to 20 percent in 2011. The
dividends tax will rise from 15 percent this year to 39.6 percent in
2011. These rates will rise another 3.8 percent in 2013.Second Wave: Obamacare twenty new or higher taxes in Obamacare The “Medicine Cabinet Tax” Thanks to Obamacare,
Americans will no longer be able to use health savings account (HSA), flexible
spending account (FSA), or health reimbursement (HRA) pre-tax dollars to
purchase non-prescription, over-the-counter medicines (except insulin).The “Special Needs Kids Tax” This provision of Obamacare
imposes a cap on flexible spending accounts (FSAs) of $2500 (Currently, there
is no federal government limit). There is one group of FSA owners for
whom this new cap will be particularly cruel and onerous: parents of special
needs children. There are thousands of families with special needs
children in the United States, and many of them use FSAs to pay for special
needs education. Tuition rates at one leading school that teaches special
needs children in Washington, D.C. (National Child Research Center The HSA Withdrawal Tax Hike. This provision of Obamacare
increases the additional tax on non-medical early withdrawals from an HSA from
10 to 20 percent, disadvantaging them relative to IRAs and other tax-advantaged
accounts, which remain at 10 percent.Third Wave: The Alternative Minimum Tax and Employer Tax Hikes The AMT will ensnare over 28 million families, up from 4 million last
year. According to the left-leaning Tax Policy Center Small business expensing will be slashed and 50% expensing will
disappear. Small businesses can normally expense (rather than
slowly-deduct, or “depreciate”) equipment purchases up to $250,000. This
will be cut all the way down to $25,000. Larger businesses can expense
half of their purchases of equipment. In January of 2011, all of it will
have to be “depreciated.”Taxes will be raised on all types of businesses. There
are literally scores of tax hikes on business that will take place. The
biggest is the loss of the “research and experimentation tax credit,” but there are many, many others Tax Benefits for Education and Teaching Reduced. The
deduction for tuition and fees will not be available. Tax credits for
education will be limited. Teachers will no longer be able to deduct
classroom expenses. Coverdell Education Savings Accounts will be
cut. Employer-provided educational assistance is curtailed. The
student loan interest deduction will be disallowed for hundreds of thousands of
families.Charitable Contributions from IRAs no longer allowed.
Under current law, a retired person with an IRA can contribute up to $100,000
per year directly to a charity from their IRA. This contribution also
counts toward an annual “required minimum distribution.” This ability
will no longer be there.
http://www.atr.org/six-months-untilbr-largest-tax-hikes-a5171##ixzz0sVMwYIhK
Investors get more gloomy & bearish We just had a very difficult three
month stretch for stocks. The S&P 500 fell 12% for the quarter as did
NASDAQ. The Shanghai Composite, China ’ s largest stock index, fell 22.9 in its
local currency, the yuan. The MSCI EAFE Index (foreign stocks) was down
14%. Given the negative news, it is not surprising that investors are becoming
more bearish on stocks. This chart from Bespoke is based on the weekly Investors
Intelligence survey, which is getting close to levels from a year
ago. This is not close the peak we reached in early 2009, but the mood is
definitely more negative now: [chart]
Double Dip on the Way There
were many events contributing to yesterday’s sell-off, and the most likely
culprits around the globe included more protests in Greece, continued to
concerns about Europe at large, and a downward revision (due to a calculation
error) of a leading economic indicator reading in China for the month of April.
But when it comes down to it, our own economy has yet to stand on solid ground.
While the recovery has continued to be shaky at best, recent economic readings
may be pointing to a double dip recession. Yesterday’s batch of economic data
seemed to be confirming that, as it brought a very dismal reading on consumer
confidence. June’s number stood at 52.9, far below expectations of 62.5, and
pointing to the consumers’ weariness about the job market, and economic
recovery in general. To go further, the previous reading for May was revised
downward, to 62.7 from 63.3. But the drop from May to June really sends the
message home: we’re not out of the woods yet. Earlier in the week, we saw
personal savings rates rise again, even while personal income growth was
meager. Americans, despite bringing home a little more cash, continued to save
more for the expected rainy days, and have yet to return to their spendthrift
ways. After yesterday’s precipitous selling, one would expect to see a bit of a
bounce in today’s trading session. That wasn’t the case, however, as more weak
data continued to dampen economic hopes. Today’s culprit was the ADP private
sector job report. The report stated that private payroll gains were muted in
June, with only 13,000 jobs added – far less than the 60,000 expected by
economists. While May’s reading was revised slightly upwards (to 57,000 hires
from previously reported 55,000), today’s release does not bode well for the
much anticipated report from the Bureau of Labor Statistics due out on Friday.
The non-farms payroll survey includes government workers and has been inflated in
recent months due to hiring for the 2010 Census … [chart] …The June report,
however, will reflect many of those workers being laid off in the past month.
In May, 431,000 jobs were added, but without support from temporary government
hires, economists are predicting job losses in June. Last week, consensus
estimates were for a loss of 70,000 jobs for the month. By yesterday, those
estimates were downgraded further, to 110,000. With the help of today’s ADP
report, expectations have continued to fall: economists now expect a reading of
negative 125,000 …
Barron's: Why the Market Will Keep Sliding Perry D- Barron's has a nice summary
It cites the predictions of SDK Captial's Dee Kessler:
--the massive fiscal and
monetary stimulus so liberally applied in 2008-2009 is starting to run out of
steam, with financial conditions tightening and leading economic indicators
pointing to a stretch of "anemic activity."
--"structural
headwinds," such as public and private deleveraging, higher taxes, greater
regulation and trade tensions.
--the well-publicized
woes of the European bloc, which accounts for 20% of the world's GDP, as
further evidence that the global economy, as he puts it, is downshifting.
--The period of easy
comparisons in corporate results, he says, is coming to a close,
--"Although the
fundamentals in the U.S., Europe and Japan are worse," Dee spots plenty of
downside in emerging markets and doesn't fancy the notion of decoupling.
--Come another financial
crisis, "the only policy response left will be to print money."
Which, of course, is what the gold bugs are counting on and why bullion has
glistened so brightly.
That about sums up the
outlook. The nice insight here is that anxiety over future economic malaise --
and the additional money printing that'll be done to mask it -- might be a
bigger factor than current inflationary pressure behind the surge in gold
prices.
In other words, for the
deflation-believers: deflation today? Perhaps. But big-time inflation tomorrow.
Disclosure: No positions
NY
Times’ Krugman: We Are Entering The Third
Depression Recessions are common; depressions are rare. [Correction:
we’ re already in a depression].
Stocks: Once More Up, Then the Big Down Smith -The ingredients for
a classic head and shoulders topping pattern in the stock market are all
present. That suggests one more rise and then a massive grinding move down to
2009 lows. Officially, of course, everything's peachy with the economy.
Europe is fixed, China is booming, consumer confidence is rising, and we are
encouraged to resume our borrow and spend ways as the economy will not
"double-dip" into recession. The economy will not slide into another
recession, we are reassured constantly, even though roughly 80% of Americans
don't think we ever left the recessionary quicksand. Please see "Two
Scoop Special": Double-Dip Recession Guaranteed (May 21, 2010) for
more … Exactly what drivers are there for
future gains in corporate profits? I can't think of any, short of Martians
landing and going on a shopping spree with gold they manufacture in their
spacecraft. On the negative side, we have:
1. The rising dollar is a huge headwind to sales in the eurozone and
elsewhere. …
GREECE
UNDER NEWS BLACKOUT: Here’ s
How An Eyewitness Describes Today’ s
Riots There are reports this morning of violent protests/riots in Greece,
once again. Here’ s how a source on the ground
describes the situation. Target
Tehran? Israel, US ‘ prepare
to attack Iran’ Reports are
circulating that the U.S is amassing a greater military presence in the Middle
East. The alleged build up is also rumoured to involve the Israeli use of Saudi
Arabian air space. It ’ s thought by some to be in
preparation for an attack on Iran. Kucinich:
‘ We are losing our nation to lies about the
necessity of war’ In
Afghanistan, corruption is rife. It is so abundant, in fact, that a senior US
lawmaker declared on Monday that she ’ d be freezing $3.9 billion in Afghan
aid dollars until the situation is addressed. Turkey
bans Israeli military flight from its airspace as freeze deepens Turkey
has banned an Israeli military flight from its airspace in apparent retaliation
for Israel ’ s interception of the Free Gaza flotilla last month,
in which nine pro-Palestinian Turkish activists were killed. Momentum Book Update: The Market Is a Mess and the Long Bond Is
About to Break Out … Not only do us swing traders have to fight the urge
to chase price action up, but lay off the keyboard trying to catch falling
knives in the relative strength stocks which are holding up. If you tried to
buy support in your favorite names this week, you got your hands cut up. I ’ ll
continue to rely on the understanding of my own emotions as they have served me
well. When we opened higher on Monday morning I knew I was in the right place,
cash, as the market was just way overbought. If you bought most relative
strength names last week, by the end of this week you were well underwater. So
where do we go from here? I ’ ve got no clue, the market is a
mess, the charts are a mess, and the long bond is about to break out. If that
happens all bets are off, we could see an “ event ” . If
the smart money is lining up at the exits and moving into bonds, there ’ s a good
chance they see something coming down the pipe …
SUITING UP FOR A POST-DOLLAR WORLD John Browne ‘The global
financial crisis is playing out like a slow-moving, highly predicable stage
play. In the current scene, Western governments are caught between the demands
of entitled welfare beneficiaries and the anxiety of bondholders who fear they
will be stuck with the bill. As the crisis reaches an apex, prime ministers and
presidents are forced into a Sophie's choice between social unrest and
bankruptcy. But with the "Club Med" economies set to fall like
dominoes, the US Treasury market is not yet acting the role we would have
anticipated. Our argument has always been that the US benefits from its
reserve-currency status, allowing it to accumulate unsustainable debts for an
unusually long period without the immediate repercussions of inflation or
higher borrowing costs. But this false sense of security may be setting us up
for a truly monumental crash. There is fresh evidence that time is running out
for the dollar-centric global monetary order. In fact, central banks outside
the US are already making swift and discrete preparation for a post-dollar
era.To begin, the People's Bank of China has just this week decided to permit a
wider trading range between the yuan and the dollar. This is the first step
toward ending the infernal yuan-dollar peg. While the impetus behind this
abrupt change remains a mystery, I have a sneaking suspicion that, as my
colleague Neeraj Chaudhary explained in his commentary
last week, the nationwide labor strikes were a prime motivator. In response to
the 2008 credit crunch, the Fed printed so many dollars that the People's Bank
of China was forced to drive Chinese inflation into double digits to maintain
the peg. The pain has fallen on China's workers, who have seen their wages
stagnate while prices for everything from milk to apartments have skyrocketed.
This week's move indicates that, regardless of its own policy motives, the
Communist Party can no longer afford to keep pace with the dollar's
devaluation. The result will be a shift in wealth from America to China, which
may trigger a long-anticipated run on the dollar, while creating investment
opportunities in China . Just days before China's announcement, Russian
President Dmitry Medvedev rattled his monetary sabre by telling the press of
his intention to lead the world toward a new monetary order based on a broad
basket of currencies. Giving strength to his claim, the Central Bank of Russia
announced that it would be adding Canadian and Australian dollars to its
reserves for the first time. Analysts suggest that the IMF may follow suit.
While Russia floats in the limbo between hopeless kleptocracy and emerging
economy, it does possess vast natural resources and a toe-hold in both Europe
and Asia. In other words, it will be a strategically important partner for
China as it tries to cast off dollar hegemony. Speaking of Europe, the major
powers there are moving toward a post-dollar world by rejecting President
Obama's calls to jump on America's debt grenade. The prescriptions coming from
Washington translate loosely to: our airship is on fire, so why don't you light
a candle under yours so that we may crash and burn together. Given that dollar
strength is largely seen as a function of euro weakness (as Andrew Schiff
discussed in our most recent newsletter ,
debt troubles in the eurozone's fringe economies have created a distorted
confidence in the greenback. However, as you might imagine, Europe has higher
priorities than being America's fall guy. Led by an ever-bolder Germany, the
European states are wisely choosing not to throw themselves on our funeral
pyre, but to wisely clean house in anticipation of China's rise. In another
ominous sign for the dollar, the Financial Times reported Wednesday that after
two decades as net sellers of gold, foreign central banks have now become net
buyers. What's more, more than half of central bank officials surveyed by UBS
didn't think the dollar would be the world's reserve in 2035. Among the
predicted replacements were Asian currencies and the euro, but - by far - the
favorite was gold. This is supported by Monday's revelation by the Saudi
central bank that it had covertly doubled its gold reserves, just about a year
after China made a similar admission. There is no reason to assume these are
isolated incidents, or that the covert trade of dollars for gold doesn't
continue. To the contrary, this is compelling evidence that foreign governments
are outwardly supporting the status quo while quietly preparing for the
dollar's almost-inevitable devaluation. What people like Paul Krugman believe
to be a return to medieval economics may, in fact, be the wave of the future.
In peacetime, hardened troops will likely tolerate a blowhard general for an
extended period; but when the artillery opens up with live ordnance, an
ineffectual leader risks rapid demotion. The newspapers are now riddled with
hints that foreign governments have lost faith in Washington and the dollar
reserve system. It seems to me only natural that after a century of war,
inflation, and socialism, the next hundred years would belong to those people
who hold the timeless values of hard money and fiscal prudence. Unfortunately,
our policymakers are not those people.’
China's
Hu Jintao Says Group of 20 Must Coordinate to Consolidate Recovery Bloomberg … How about the G195
countries in the world collectively be considered in this task of
coordination owing to the abject failure of the so-called G20 which have in
lockstep coordination precipitated this global crisis including the war
mongering, war criminal acts of the so-called nato allies et als, particularly
the u.s., and as well the likes of war criminal nation israel which have never
avoided a contra-indicated, anti-recovery war / conflict they could contrive /
rationalize. The so-called G7, 8, 9, 20, etc., are a pathetic bunch of
incompetent vegetables / jokers / showmen / clowns.
New
York Times reporter calls Zionist terrorism ‘ romantic’ A little-noticed comment in a New York
Times interview with Israeli opposition leader Tzipi Livni has critics arguing
that it shows the media has a “ double standard ” when it comes to terrorism. States
of Crisis for 46 Governments Facing Greek-Style Deficits Californians don’ t see much evidence that the worst economic contraction since the Great
Depression is coming to an end. Unemployment was 12.4 percent in May, 2.7
percentage points higher than the national
rate. Evans-Pritchard
Announces Fed Contemplating $5 Trillion QE Expansion In his latest column,
the Daily Telegraph ’ s A. Evans-Pritchard does a good job
of recapping all the various reasons why Bernanke has now completely cornered
himself, and facing a newly collapsing economy, is left with just one recourse:
the printing of more, more, more
paper. History
Tells US The Euro Will Not Survive, Greece Will Get Worse, And There Will Be A
Trade Shock With the PBoC ’ s currency announcement last
Saturday and the surge (!) in the value of RMB on Monday (all very kindly timed
to add zest to my meetings this week in Boston, New York, and Washington), you
would assume that today ’ s entry would be all about the RMB
and the effect of the PBoC announcement. The following is really the
quintessential question and issue, particularly in light of america’s defacto
bankruptcy and international law; but paramount humanitarian concerns alone
would militate against america’s current misguided course. Is Petraeus McChrystal’s Replacement or Obama’s? Paul
Craig Roberts | All of this drama is playing out despite the
continuing lack of any valid reason for the american invasions of Iraq and
Afghanistan.
Obama
Can Shut Down Internet For 4 Months Under New Emergency Powers President
Obama will be handed the power to shut down the Internet for at least four
months without Congressional oversight if the Senate votes for the infamous
Internet ‘ kill switch ’ bill, which was approved by a key
Senate committee yesterday Congressman
Rohrabacher: Almost All House Republicans Think Iraq War Illegal, Immoral Andrew
Napolitano ’ s new Saturday show on the Fox Business Network is
set to send shock waves through the political establishment this weekend when
his guest – Republican Congressman Dana Rohrabacher – reveals that almost all House Republicans now believe that the invasion
of Iraq was not only a mistake, but also illegal and
immoral. New
Financial Overhaul Gives Government Broad New Powers To Seize Financial Firms The
government would have broad new powers to seize and wind down large, failing
financial firms and to oversee the $600 trillion derivatives
market. Israeli
Leaders Sued in Belgium for War Crimes Israeli
Leaders Sued in Belgium for War Crimes Former Prime Minister Ehud
Olmert, Israeli opposition leader Tzipi Livni and Defense Minister Ehud Barak
were among those charged with war crimes committed during the Gaza war in the
winter of 2008-09, the French daily Le Monde
reported. Congress
OKs sanctions on Iran’ s
energy, banks Congress on Thursday approved tough new unilateral
sanctions aimed at squeezing Iran’ s energy and
banking sectors, which could also hurt companies from other countries doing
business with Tehran. Cybersecurity
Measures Will Mandate Government “ ID
Tokens” To Use The Internet The move to
shut down and regulate the Internet, the only source of uncensored news and
truth, under a new government-controlled system has accelerated into high gear
with the announcement that the government’ s cybersecurity strategy revolves
around issuing Internet users with ID “ tokens ” without which
they will not be able to visit websites, the latest salvo against web freedom
which, in combination with Senator Joe Lieberman ’ s ‘ kill switch ’ bill, will serve to eviscerate the
free Internet as we know it. G-8
‘ fully believes’ Israel will attack Iran, says Italy PM Haaretz | World
leaders “ believe absolutely ” that Israel may decide to take military action against
Iran.
Britain
will not defeat Taliban and should open talks, says head of Army London
Telegraph | Britain and its allies will not defeat the Taliban with military
force and should soon open peace talks with insurgents in Afghanistan, the head
of the Army said yesterday. 3 SIGNS OF A SUCKER RALLY Simon
Maierhofer ‘ … AFTER
EXAMINING TECHNICAL EVIDENCE, SENTIMENT INDICATORS AND VARIOUS VALUATION METRICS,
IT BECOMES OBVIOUS THAT THE RECENT BOUNCE PROVIDES A SELLING, NOT BUYING
OPPORTUNITY ...’
Russell:
This Is One Of The Largest Tops In Stock Market History Richard Russell has grown very vocally bearish in recent
months. Earlier this year, Russell warned that the stock market was once again
becoming grossly overvalued despite its relentless new highs. Pragmatic Capitalism Earlier this year, Russell warned that the stock market
was once again “ We ’ re
now in the process of building one of the largest tops in stock market history.
The result, I think, will be the most disastrous bear market since the ‘ 30s,
and maybe worse. Question : “ What
could possibly be behind such a bear market? ” you ask. “ The
stock market is stirring up optimism on a weekly, if not daily basis, by not
falling apart. ” Answer :
This is the “ rest ” or “ dead zone ” I
was talking about. Bear markets don ’ t conclude in a day, a week
or a month. Months will go by, often adding to the bulls ’
optimism.I think the key element behind this great bear market will be the
complete destruction of all fiat currencies. This has been a long time coming.
Fiat currencies are “ wealth ”
created by man. They are created without sacrifice, without labor, without
risk, and without sweat. Basically they are an immoral device, created by
secretive bankers. If you watch the figures carefully, you ’ ll note the subtle deterioration. For
instance, the advance-decline ratio, although up slightly for the week, had a
relatively weak performance with the Dow up several hundred points over the
course of the week. And we broke the trendline in May (see the chart below
showing the cumulative advance-decline line for NYSE Common Stock only, which
is what we publish in our figures (courtesy of DecisionPoint —
www.decisionpoint.com). The vertical lines are Jan 2008, Jan 2009 and Jan 2010
as you move to the right on the chart. [CHART] My old friend, Bob
Prechter, is talking about Dow 400. I used to think this was an absurd joke. I
no longer think it ’ s a joke. The ultimate result will be a
primary bear market shocking in duration and extent. …’ Reports:
IAF Landed at Saudi Base, US Troops near Iran Border Arutz
Sheva | The Israeli Air Force recently unloaded military equipment at
a Saudi Arabia base, a semi-official Iranian news agency claimed
Wednesday. It’s
time for the world to take a close look at the despotic, totalitarian regime
that presently exists for the grandeur and wealth of a few while hiding behind
Islam as they betray same and Muslims everywhere. The time has come for regime
change in Saudi Arabia to yield a nation of and for the people of Saudi Arabia
and the glory of Islam.
[It should be noted, and there have been a multitude of other
instances, that I ’ m getting substantial ‘ attacks ’
vis-ŕ-vis my internet connection which has slowed dramatically these posts. I
don ’ t
think the interference is either accidental or just coincidental but consistent
with that similarly experienced by critics of corrupt defacto bankrupt america
of which I am one and not alone in that regard – slowing, militating against
the devastating truth about america. It should be noted that yet another
attempt by the criminal american government and related partners in crime to
silence an unwavering critic (to really understand america is to not be able to
stand pervasively corrupt and defacto bankrupt america and her failed criminal
cohort nations / lapdogs, ie., uk, eu, israel, etc.), in contravention of first
amendment rights / protections, and as in the RICO case [ http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
] to cover up substantial crimes in which the government was / is also
involved. Some delays but a work-around is in
progress. I won’t forget this and a price will be paid, as continues to be
true. (6-22-10)THE
WORK-AROUND-IN-PROGRESS I ALLUDED TO IS NOW FOR THE MOST PART SUCCESSFULLY
COMPLETED BY WAY OF A DSL CONNECTION AND A DELL COMPUTER .] China To
Overtake USA In Manufacturing FT | The US remained
the world’ s biggest manufacturing nation by output last year,
but is poised to relinquish this slot in 2011 to China – thus ending a 110-year run as the number one country in factory
production. When
will the SEC prosecute for market rigging? Michael Schmidt
| Are the large gold bullion banks working in collusion with the US Federal
Reserve to artificially torpedo the key rival to US dollar
hegemony? China To
Overtake USA In Manufacturing FT | The US remained
the world’ s biggest manufacturing nation by output last year,
but is poised to relinquish this slot in 2011 to China – thus ending a 110-year run as the number one country in factory
production. Connecticut
vegetable lieberman: China Can Shut Down The Internet, Why Can’ t We …
(great logic from a totalitarian zionist)? Senator joe Zelig the
zionist israeli lieberman, co-author of a bill that would give President Obama
a kill switch ’ to shut down parts of the Internet, attempted to
reassure CNN viewers yesterday that concerns about the government regulating
free speech on the web were overblown, but he only stoked more alarm by citing
China, a country that censors all online dissent against the state, as the
model to which American should compare itself.
Mexican
drug cartel threatens to harm U.S. police officers who bust drug shipments
while off-duty New York Daily News | Mexican cartels
added a new twist to the drug war this week by threatening to kill U.S. cops
who seize their goods. Former
Israeli top spy calls for strike on Iran Israel should launch a
pre-emptive strike to prevent arch-foe Iran from going nuclear, a former head
of Israel’ s Mossad intelligence agency said on
Monday. Israel’ s Planned Attack on Iran from Caucasus Base
A week ago, Israel leaked to the press that they had permission from
Saudi Arabia to use their air space to attack Iran. The Saudi ’ s quickly denied this. Soros
Says ‘We Have Just Entered Act II’ of Crisis Bloomberg
| Soros said the current situation in the world economy is “eerily” reminiscent
of the 1930s. Gerald
Celente: U.S. Financial Markets to Collapse by End of 2010 Infowars.com
| Gerald Celente is a renowned trend forecaster, publisher of the Trends
Journal, business consultant and author who makes predictions about the global
financial markets and other events of historical
importance. Jobless
Claims in U.S. Decreased Last Week to 456,000 Bloomberg |
More Americans than anticipated filed applications for unemployment benefits
last week.
Market Outlook: Bearish Background to Bullish Storyline Sean
Hannon: ‘The last two weekly market
commentaries have discussed how the underlying trend of the market is now
bearish and all rallies should be used to sell stocks and reduce risks. With
nearly every news outlet spouting the bullish storyline, these articles served
as an outline of a disciplined investment strategy. Those who followed the
outline have done well as the Dow Jones Industrial Average (Dow), S&P 500,
and NASDAQ each declined over 5% since my initial warning. With the Dow still
stuck below the psychologically important 10,000 level and all three major U.S.
markets trading beneath their 200-day moving averages (MA), the bearish
backdrop is clear. Even if many are still looking for a rally, we should
understand that the primary trend is lower. Instead of focusing on how high
prices will rally, we should instead consider how much further prices can fall
…’
Greek
Default Seen by Almost 75% in Poll Doubtful About Trichet Global
investors have little confidence in Europe’s efforts to contain its debt crisis
or in European Central Bank President Jean-Claude Trichet, with 73 percent
calling a default by Greece likely. 12
Reasons Why The U.S. Housing Crash Is Far From Over Over the past
several months, many in the mainstream media have hailed the slight improvement
in the U.S. real estate market as a “housing
recovery”. US
Needs Austerity Too: Hedge Fund Strategist The United States will
have to adopt austerity measures similar to the ones taken in Europe, because
the problems faced are largely the same, Timothy Scala, macro-strategist at
Sophis Investments, told CNBC.com. Market
Analyst: ‘BP’s Not Going to Last as a Company More Than a Matter of Months’ We’ve
heard politicians, even conservative Republicans, suggest BP would be held
completely responsible for the devastation caused by the oil spill plaguing the
Gulf of Mexico, even if it means its very existence.
Israeli
Official Threatens to Kill Turkish PM Kurt Nimmo |
It is unprecedented for a top level state official to threaten a head of
another state with murder. US
Media Terrified Of Mentioning USS Liberty Do you know that an
american naval vessel was attacked by israel in international waters, 43 years
ago today, resulting in the deaths of dozens of american sailors
Arab lawmaker on flotilla sparks outrage in israel (AP) -
An Israeli-Arab lawmaker's decision to join hundreds of activists on a
pro-Palestinian flotilla has elevated her from relative political obscurity,
transforming her into the poster child for the ...
Why To Question the 2010 Stock Market Rally Why To Question the 2010
Stock Market Rally – Web Site Archived with Charts Click Here - In
the past year, we've written a lot about the similarity between the rally of
early 1930 and the one we had through April of this year. The early 1930 rally
came after the market had fallen nearly 50% in the fall of 1929. The spring
1930 rally took the market up nearly 50% again, to a level that was only about
20% below the previous peak. That rally, of course,
was also the biggest sucker's rally in history. After the market peaked in
April 1930, it crashed again, eventually ending up down 89% from the 1929 high
and more than 80% from the 1930 high. The
market did not reach the 1930 high again for another quarter of a century . The rally that recently ended in April 2010 came after
a crash that was actually slightly more severe than the 1929 crash (53% versus
48%). It took the market up nearly 80% from the low! The recent rally also
lasted longer than the 1930 rally did--a year, as opposed to 6 months … ] REMEMBER:
In 1930, They Didn’t Know It Was “The Great Depression” Yet In the
past year, we’ve written a lot about the similarity between the rally of early
1930 and the one we had through April of this year. Investment
Banker: It’s Going To Get Nasty – Buy Land, Barbed Wire And Guns A
top investment banker has warned that the economic fallout of the sovereign
debt crisis could get so nasty over the next five years that people would be
wise to abandon the markets and instead buy land, barbed wire and
guns. DEBT
POISED TO OVERTAKE GDP Key
Indicators of a New Depression Neeraj Chaudhary |
Great Depression II developing into something far more devastating than its
predecessor You’re Being Decieved
Infowars.com | We’re heading over an economic cliff and
there’s nothing the government can or will do about it except
lie. The
Folly of Blindly Trusting the Government
‘What Does China Want?’ They want to speak to Rosanne
Rosanna Danna, of course! ‘Asian markets tumble on fears over Hungary’
…Riiiiight! Hungary’s the thing! … Rosanne Rosanna Danna, formerly of SNL fame
wanted in Asia to chime in with what her mama always used to say, ‘ It’s always
something ‘ . Of course, it matters little to the frauds on wall street what
the something is said to be since the reality is … ‘This is a global
depression. This is a secular bear market in a global depression. This was a
manipulated bull (s***) cycle in a secular bear market. This has been a
typically manipulated bubble as has preceded the prior crashes with great
regularity that the wall street frauds and insiders commission and sell into.
This is a typical wall street churn and earn pass the hot potato scam / fraud
as in prior crashes.’ ( It should be noted, and there
have been a multitude of other instances, that I’m getting substantial
‘attacks’ vis-ŕ-vis my internet connection which has slowed dramatically these
posts. I don’t think the interference is either accidental nor just
coincidental but consistent with corrupt defacto bankrupt america’s critics of
which I am one and not alone in that regard – slowing, militating against the
devastating truth about america.) Europe
is Heading for a Depression Despite a nearly-$1 trillion rescue operation,
financial conditions in the eurozone continue to deteriorate. All the gauges of
market stress are edging upwards and credit default swaps (CDS) spreads have
widened to levels not seen since the weekend of the emergency
euro-summit. Key
Indicators of a New Depression With the mainstream media focusing on the
country’s leveling unemployment rate, improving retail sales, and nascent
housing recovery, one might think that the US government has successfully
navigated the economy through recession and growth has
returned. Get Ready for a Double Dip This
is a global depression. This is a secular bear market in a global depression.
This was a manipulated bull (s***) cycle in a secular bear market. This has
been a typically manipulated bubble as has preceded the prior crashes with
great regularity that the wall street frauds and insiders commission and sell
into. This is a typical wall street churn and earn pass the hot potato scam /
fraud as in prior crashes.]
european
central banks intervened to shore up the ever more worthless euro, buying into
that fraudulent wall street b*** s*** story that that ‘s a good thing, rallying
stocks off their lows. It is amazing how dumb europe has become so quickly. An
exception is what I believe was Germany’s steps against derivatives, which
market according to a derivatives trader on the radio this day is a $40
trillion market (missed his name). To reiterate as applicable to yet another
fraudulent scheme previously stated, said market is paper on paper moving
around and generating commissions at lightning computerized speed but adding no
real value in real economic terms; again, the analogy of termites eating away
at the (nation’s) foundation is apposite. As such, that money has to come from
some real place and hence, the ever more frequent and larger crashes we are
seeing. Don’t forget that the worthless paper from previous such fraudulent
schemes now marked to anything is still out there in a magnitude some have
placed in the hundreds of trillions. The
Worst Money Supply Plunge Since The Depression Means A Double Dip Is Now A
‘Virtual Certainty’ The stock of U.S. money as measured by ‘M3 money supply fell to $13.9 trillion from $14.2
trillion during the three months ending in April. [ This
is still an extraordinarily high level but … I don’t buy it. I believe the
printing presses have been working overtime to pump out ever more worthless
fiat currency and with the many trillions of worthless fraudulent paper still
out there and marked to anything. I further believe the same is being
surreptitiously used to supplant the fraudulent paper, the consequences of
which will be devastating, of course, as is invariably so in depressions in any
event. This scenario would also mean huge fraud accomplis. ]
Fiat
Money Supply Contracting at Great Depression Level The bankster
operative who helped destroy Glass-Steagall is back. Larry Summers, Obama’s top
economic adviser, has told Congress to “grit its teeth” and approve a fresh
fiscal boost of $200 billion to keep growth on track, reports the Daily Telegraph.
Fiat
Money Supply Contracting at Great Depression Level Kurt Nimmo
| The Federal Reserve stopped publishing M3 figures back in 2006.
Sell in May and Go Away, Indeed [ I wasn’t
kidding; and, I’m still not kidding when I say: This is a great
opportunity to sell / take profits because there’s much worse to come! ] Forecasts from Dent,
Napier, and then Prechter: Depression is
Imminent The Dow Jones Industrial Average will go down to at least 1000, most
likely to below 777 which was the starting point of its mania back in August
1982, and quite likely drop below 400 at one or more times during the bear
market. 10 Reasons to Worry About Margin
Growth … a good portion of these factors will likely impact
margins by the end of the year. I don’t believe this is adequately factored
into earnings estimates across the board. Given this, I believe we have seen
the highs for the year and next few quarters will be extremely volatile
... The frauds on wall street et als should be criminally
prosecuted, jailed, fined and disgorgement imposed. If that were so, they
wouldn’t be worrying about who wins / loses since those who fraudulently play,
invariably would (and should) pay. If they’re not prosecuted, everyone
loses.
POST MORTEM AND REVIEW Ricky :A post mortem is in order. The elements of this
worldwide con game are remarkably simple, not complex at all. Apparently you
only need a few things to make a mockery of the entire global economic system,
and big banks garnered these few important things through “regulatory capture”: 1) Unregulated, unenforced rules (particularly for
derivatives)
SELL IN MAY AND GO AWAY!
THE FORECASTS: Harry Dent, Jr.
Russell Napier is the author of the book “Anatomy of the Bear”, a professor at the
Edinburgh Business School and a consultant to CLSA Ltd. which is one of the top
research houses in Asia. Napier’s research indicates (and I paraphrase) that:
The S&P 500 will Decline to 400 by 2014 (the Dow 30 to 3800) Robert R. Prechter Jr. is author of a number of newsletters and books including
“Elliott Wave Principle” (1978) in which he predicted the super bull market of
the 1980s; “At the Crest of the Tidal Wave – A Forecast of the Great Bear
Market” (1995) in which he predicted a slow motion economic earthquake, brought
about by a great asset mania, that would register 11 on the financial Richter
scale causing a collapse of historic proportions; and “Conquer the Crash: You
can Survive and Prosper in a Deflationary Depression” (2002) in which he
described the economic cataclysm that we are just beginning to experience and
advised how to position one’s self financially during that period of time.
According to the Debt Clock:
• Total national debt: $13 trillion • Debt per citizen: $42,026 • Debt per taxpayer: $117,982Total interest due: $1.9 trillionInterest per citizen: $2,211
Click here to see the Debt Clock, which is updated every
second.
• Total personal debt: $16.5 trillion • Total mortgage debt: $14.1 trillionTotal consumer debt: $2.45 trillionPersonal debt per citizen: $53,483Debt held by foreign countries: $4.07
trillion
TED OLSON SEEKING TO
OVERTURN CALIFORNIA'S PROPOSITION 8, WHICH LIMITS MARRIAGE TO A MAN AND A
WOMAN. After shilling for the corrupt u.s. government as solicitor general,
maybe he just wanted to go straight [Just Kidding!]. There is no immunity,
judicial or otherwise for criminal acts. Moreover, there is no sovereign
immunity for non-governmental acts as would include involvement in
the illegal drug and related crimes, ie., bribery, etc., and the supreme court
has so held against foreign nations in the context of the RICO statute but in
my RICO case olson the liar would shill otherwise, not that he really had to
worry in light of the pervasively corrupt and wastefully costly federal courts
which should be abolished. Roman Polanski freed after Swiss reject U.S.
extradition request (Washington Post, July 13, 2010) Without diminishing in any way the seriousness of the crime, this
result is the direct consequence of the growing global recognition of the
pervasiveness of corruption in american courts, state and federal, and america
generally; so much so, that said corrupt american courts cannot be relied on
anywhere, anytime. Indeed, my own sampling, though hardly random to be candid,
is 5 for 5 (new jersey, new york, connecticut, virginia, california)
pervasively and egregiously corrupt to the point where these costly, corrupt
bureaucracies should be abolished and supplanted with alternatives as I’ve
previously set forth in these comments. Sen. Levin urges State Department to put
Afghan Taliban on list of terror groups (Washington
Post) Oooooh! … Sounds like a plan … and emanating from washington (and a
thriving Michigan jew no less) … who says they don’t do anything? … And,
consistent with that apocalyptic vision set forth in the Bible [albeit a book
of truth from a very limited perspective (for which literal interpretations are
misleading); after all, the Wise Men thought it was a movable star that was
guiding them and shone the bright ‘spotlight’ upon the manger with the Christ];
the jews and some other entity against the rest of the world for that final
Armageddon … oh, they’ll make that happen … it gets them through their day with
every step closer to apocalypse but not to the place called heaven will they
go. The end of this world? You might say america / israel / and theirs are
feverishly working on just that, one way or another! There is really no way to
rationalize or attempt to justify what america is / has become since they have
with open eyes chosen this contra-indicated course of ineluctable decline, from
illegal wars, to war crimes, to backing war criminal nations as israel, to huge
frauds, to war profiteering, to illicit drug trafficking and money laundering,
and this list goes on and on …: (Previously) I’d say this
alito vs. wobama is a tempest in a teapot inasmuch as alito is more than just a
lightweight, hack, liar, fraud etc., as set forth in the comments. alito is a
criminal who should have served / should be serving time in prison for
obstruction of justice, bribery, among other RICO violations. To alito, drug
money is as green as corporate money and worth his vote as well. In addition to
being an inept [I looked in on the one mob case he had brought, bungled, lost
(accidently on purpose?) since I was suing some mob-connected under RICO and
the court (I had known / previously met outside of court the judge Ackerman
through a client) was absolute bedlam and a total joke since incompetent
corrupt alito brought in all 20 mob defendants (rather than prosecute one or a
few to flip them first) who feigning illness had beds/cots in the courtroom
along with their moans during testimony and had the jury in stitches)] and
corrupt (see below and particularly the summary provided to the FBI under
penalty of perjury [
http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf
http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm
] ) u.s. attorney.
You’re naďve to think
that the so-called supreme court is any different from the rest of the
meaningfully lawless and pervasively corrupt american ‘system’. I knew well an
accomplished trial lawyer, fellow american college of trial lawyers / and a bar
examiner, who pondered from time to time becoming a judge “so he’d never have
to work again” – his words.
Some comments on
alito…all appropriate:
Probably the worst appointment in one
hundred years.
Posted by: mnjam
-----------------------
Really? That's a pretty sweeping
statement to make about someone who's only been on the court a short few years.
And I thought that liberals were in
universal agreement that Clarence Thomas was the worst appointment in all of
history?
Posted by: blert | January 28, 2010 2:11
AM | Report abuse
Should Alito resign or be impeached?
Manchurian
Candidates: Supreme Court allows China and others unlimited spending in US
elections Greg Palast | Our future elections may
come down to a three-way battle between China, Saudi Arabia and Goldman
Sachs. Call
For Immediate Arrest of 5 Supreme Court Justices for Treason Gordon
Duff | The bloated corpse we are creating in Washington is emitting a
stench we can no longer abide. The aforesaid would be
shocking to anyone without a modicum of knowledge of the reality of pervasive
corruption within the u.s. courts themselves and america generally, including
all three branches of the u.s. government.Ron
Paul: After ‘CIA coup,’ agency ‘runs military’ US House Rep. Ron Paul
says the CIA has has in effect carried out a “coup” against the US government,
and the intelligence agency needs to be “taken out.” I also personally
believe there has been a defacto coup d’etat which has manifested in
various substantial, blatant, brazened frauds, ie., wall street, missing 360
tons of $100 bills in Iraq, war profiteering, etc., without any fear of
prosecution, and of course concomitant decline for u.s. as the treasury is
looted. But I also believe its scope is beyond just the CIA with many complicit
within the corrupted 3 branches of u.s. government (fed judges, us attorneys,
illegal system, etc.) plus the military and private big money, ie., Goldman
Sachs / wall street men, etc., among other organized crime. america is defacto
bankrupt in every way! Rendition:
Where the War on Terror Meets the War on Drugs Patrick Henningsen
| It’s time to ditch the policies we have come to tolerate for decades before
they consume what is left of our moral core. I’ve experienced the corrupt
inter-relationship of the government (all 3 corrupt branches) and the illegal
drug trade / obstruction of justice / bribery first hand, particularly the
courts / u.s. attorneys offices (ie., alito – now u.s. supreme court justice –
quid pro quo for his complicity / cover-up), feds; see immediately after article
excerpt for links / summary. …“Evidence points to aircraft – familiarly
known as “torture taxis” – used by the CIA to move captives seized in its
kidnapping or “extraordinary rendition” operations through Gatwick and other
airports in the EU being simultaneously used for drug distribution in the
Western hemisphere. A Gulfstream II jet aircraft N9875A identified by the
British Government and the European Parliament as being involved in this
traffic crashed in Mexico…” In 2004, another torture taxi crashed in a field in
Nicaragua with a ton of cocaine aboard… Mexican soldiers found ..132 bags
containing 3.3 metric tons of cocaine. The origination of the Gulfstream’s
flight is unknown but it was destined for Cancun when it crash landed. Again,
here is the important point: that same Gulf Stream II was one of the very same
planes chartered to the CIA for the rendition of suspected terrorists
prisoners. Gulf Stream II crashed in Mexico with 3 tons of
cocaine on board ..it should not be surprising that this illegal practice of rendition
has in some part, been used as a well-run smokescreen for another
borderless illegal operation- an extremely lucrative international transfer and
delivery of cash and narcotics .,,These
flights are not subject to regular customs checks, inspections or normal
regulations as they move seamlessly between destinations in the US, Britain,
Europe, Middle East, Central Asia, Cuba and possibly through US bases in
Turkey, Greece and Morocco… Corrupt u.s. courts /
judges: Their lifetime plush appointments should be abolished, which corrupt
entities are unheard of in productive societies as China, Japan, etc.. Time to
abolish these drags on society and eliminate their lifetime stipends and costly
bureaucracies. Rules of law mean nothing to these typically corrupt americans.
Most, including sam alito of the u.s. supreme court, concerning drug
money laundering and obstruction of justice in the 3rd circuit (
also maryanne trump barry who covered-up drug money laundering through her
brother’s casinos in a civil RICO case) should have gone to or belong in jail. Contrary to popular belief, they do it
for the money, personal money, big, cash, untraceable money. The fog of war is
great for such things (360 tons $100 bills flown into Iraq and missing, etc.). NSA beats
warrantless wiretap rap A Federal judge has dismissed a complaint against
the National Security Agency’s (NSA) Corrupt u.s. courts /
judges: Their lifetime plush appointments should be abolished, which corrupt
entities are unheard of in productive societies as China, Japan, etc.. Time to
abolish these drags on society and eliminate their lifetime stipends and
corrupt costly bureaucracies. There must be such things
as parallel universes (I don’t really believe that, because there isn’t) or how
else do you explain the disconnect between reality, current and prospective,
and the wet dreams posited to keep the war funding / corporate welfare programs
alive in collectively what has already become a trillion dollar boondoggle (not
counting prospective medical costs, etc.) and promises to go much higher. Even
israel apologist Cohen of The Washington Post alludes to the Vietnam analogy.
However, even if there were real goals beyond the poppy / heroin trade which
the Taliban had all but eradicated (there isn’t); even if america wasn’t
defacto bankrupt (america is); even if america wasn’t killing innocent
civilians in large numbers (war criminal nation america is); even if america’s
allies haven’t similarly helped to bankrupt themselves by way of this war (they
have); even if I hadn’t told you so (I did) ….. this war still was, is, and
remains a very bad idea! How
does anyone take the u.s. seriously in light of their credibility problems, war
crimes, etc.? What nuke technology israel didn’t steal from the u.s., the u.s.
gave them along with missile, armaments, etc.. and paid for with taxpayer money
that u.s. taxpayers and the defacto bankrupt nation don’t have. It's time to expel
israel from the UN Without doubt, the israeli attack on the Gaza-bound
"Freedom Flotilla" in the dawn of Monday, May 31, 2010 is one of the
most savage crimes in recent history. It seems the ruling power in Tel Aviv has
been afflicted with a variant of mad cow disease; otherwise, how could it be so
cruel to unleash such a beastly raid on the "Mavi Marmara," the
Turkish flagship of a flotilla carrying medical and humanitarian supplies to
the hapless people of Gaza Strip?The
israeli Spin-Machine in Overdrive: dershowitz to the Rescue? Armed
Israeli commandos, the elite of the elites, rappelled to the deck of a Turkish
ship carrying humanitarian relief supplies to the 1.5 million prisoners in the
Gaza concentration camp.You
think Iraq was bad? Invading Iran ‘would be lunacy’ Ivan Eland, Director of
the Center on Peace and Liberty at the Independent Institute in Washington DC,
gives his opinion on new sanctions imposed on Iran. I
include the first two comments to the foregoing headline:
Billo Says:
June 11th, 2010 at 6:15
am
Lunacy? Keep in mind
that this country is run and controlled by lunatics. Our press government and
military seem to take their orders from Israel. Isarel wants to be known as a
pack of “mad dogs. Do we want “mad dogs” controlling us?
Here
we see a bunch of phony accusations against Iran just like we did in the run up
to the bogus wars in Iraq, Afghanistan and now Pakistan. The boy has cried wold
ten thousand times. It’s time to identify the “lunatics” and kindly take away
the car keys. If you won’t let your friends drive drunk, why do we let a bunch
of “lunatic” enemies run this place.
Glen Reply:
June 11th, 2010 at 6:47
am
Lunacy it would be.
But it is also to their
great credit that the Iranians have not made their own threats.
Everyone knows there are
3 WMD threats, Nuclear Biological and chemical. The scariest of which is
Biological.
Any attack done under
the threat of immediate biological retaliation would deter only the insane.
Watch out america home
of the insane, home of the leaders who want an 80% population reduction.
General
McChrystal’ s Burning Contempt for
the Puppet Obama The farce that is the war in Afghanistan is coming apart
at the seams. General Stanley McChrystal’ s sharp comments
about Obama, Biden, and the administration published by Rolling Stone are not
so much about disrespect, as the script-reading corporate media talking heads
would have it, but rather about a policy in disarray in Afghanistan. Gaza blockade illegal,
must be lifted — UN rights official Israeli blockade of Gaza
unsustainable: White House US Jewish opinion
and the ‘Beinart moment’ The controversial book, The Israel Lobby, in which
the political scientists, John Mearsheimer and Stephen Walt, argued that US
foreign policy has been hijacked by organized Zionism went strangely unnoticed
by the leading journal of American intellectual opinion, the New York Review of
Books. Doubts Grow Over Israel’s Value as U.S. Ally Jim
Lobe | The notion is that Israel and its actions have since the Cold
War increasingly become a “strategic liability” to U.S. interests in the
region.In
1948, U.S. Secretary of Defense James Forrestal, an opponent of the creation of
a Jewish state in Palestine, warned that, even though failure to go along with
the Zionists might cost President Truman the states of New York, Pennsylvania,
and California, it was about time that somebody should pay some consideration
to whether we might not lose the United States. Mr. Forrestal was absolutely
correct! Isn’t that exactly what’s happened to defacto bankrupt america in
intractable decline. TIME TO REVOKE AND NULLIFY THE BALFOUR
DECLARATION AND ABROGATE THE CREATION OF THE NATION STATE OF ISRAEL IN THE
INTERESTS OF FAIRNESS, JUSTICE, PEACE AND PROSPECTIVE PROSPERITY FOR THIS
WORLD!
OOOOH! ISRAEL NOW IN FAVOR OF NUKES IN THE MIDDLE
EAST IN SUDDEN SHIFT IN POLICY TO FAVOR IRAN IN A VERY BIG WAY! ISRAEL
SEES THE LIGHT AND SIDES WITH IRAN ON NUCLEAR ISSUE; ESSENTIALLY SAYS TO THE
WORLD AND IRAN ‘TO PRESS ON WITH NUCLEAR AMBITIONS’.
The yardarm is the
remedy Dozens of our friends and comrades, of wonderful compassionate
activists are dead and wounded in the pirate attack in the high seas on
humanitarian aid boats. This is a dreadful crime that will forever be
remembered and should be punished. The Israeli pirates attacked the
humanitarian aid Freedom Flotilla in the international waters over 150 km out
of their territorial waters. The boats carried no arms; the participants
strictly adhered to Ghandian mode by asking the Greek and Cyprus authorities to
search the boats to avoid later claims that they were armed.
A
Plague Upon The World: The USA is a “Failed State” Dr. Paul
Craig Roberts | The American people are lost in la-la land. They have
no idea that their civil liberties have been forfeited. US
citizen killed on flotilla reportedly shot four times in head Raw
Story | A forensic report said Furkan Dogan was shot at close range,
with four bullets in his head and one in his chest, according to the Anatolian
news agency. The explanation foisted off on the americans by war criminal
israelis is probably something on the order of ‘they just wanted to make sure
they missed him’. Roberts:
‘AIPAC purchases US elections’ Russia Today | Paul
Craig Roberts says that there will be nothing that is going to be done by the
United States to change the relationship with Israel.
‘US
funding terrorist group against Iran’ Press TV | A
member of a terrorist organization operating in Iran says that a US State
department radio station originally put him in touch with the group.
Paul
Craig Roberts: Government Abandoned Vietnam POWs Kurt Nimmo
| John McCain worked overtime to make sure Vietnam POWs never came home. I
think the even bigger story vis-ŕ-vis mccain is: http://www.albertpeia.com/heroenot.htm
‘Did you know that that so-called "american heroe" john mccain was
referred to by his fellow pows in Vietnam as something akin to the
"songbird" inasmuch as he was constantly "singing" to his
Viet-Cong captors to curry favor and better treatment? This has been documented
with authority by Colonel David Hackworth. The same violates military
code/protocol (other soldiers have been court-martialed for far less) click Here, Here. [ http://www.albertpeia.com/hackworth.htm
] But, you see, this covered up scenario, compromizing the false facade
of far less than a heroe, is exactly what a criminal (lie of a) nation as
america loves and encourages (get everyone's hands dirty so no-one dares to
rectify same, ie., bush, sr., clinton, bush, jr.). That is, "toe the
(corrupt, propagandized) line", become a criminal, or be exposed,
prosecuted, and/or ruined; and, hasn't anyone asked how "wall street"
has been "spared the spotlight" (and even was accorded protective
legislation from their criminal culpability) and focus of inquiry, attention,
and prosecution despite being the primary beneficiaries financial and otherwise
of these scams (you know the wall street motto, "churn and earn";
huge conflicts of interest if not outright fraud)…’
Coalition wants UK space lift-off [ Don’t make me laugh! ]
Israel’s
Nukes Out of the Shadows Israel faces unprecedented pressure to
abandon its official policy of “ambiguity” on its possession of nuclear weapons
as the international community meets at the United Nations in New York this
week to consider banning such arsenals from the Middle East.
NASA wants mission to bring Martian rocks to Earth (AP) Why?
They already have that and more:
Launch
of secret US space ship masks even more secret launch of new weapon
The
Militarization of Outer Space: The Pentagon’s “Space Warriors” Global
Research | It’s not as if things aren’t bad enough right here on
planet earth. Now the Defense Department wants to up the stakes with new,
destabilizing weapons systems that will transform low- and high-earth orbit
into another “battlespace.” OBAMA
SPEECH OUTLINES PLANS FOR RETURNING DEFACTO BANKRUPT U.S. TO SPACE – OOOOOH!
SOUNDS LIKE A PLAN … FOR INNER SPACE (IMAGINATION).NASA's New Asteroid Mission Could Save the Planet Space.com - Tariq
Malik CAPE CANAVERAL, Fla. -
President Barack Obama set a lofty next goal this week for Americans in space:
Visiting an asteroid by 2025. Obama's asteroid goal: tougher, riskier than moon The Associated Press Obama calls for NASA to focus on trips to Mars and beyond Computerworld And
don’t forget, Bruce Willis and Ben Affleck, et als, have already done this so
it’s not as if they’re starting from ‘ground zero’, so to speak; and Brian
DePalma already has ‘Mission to Mars’ in the can, but beware say the producers
of ‘Species II’ since Eve, the cloned daughter of Sill, might want to mate with
astronaut Paddy Ross who has returned from Mars as a space alien host body. First fake moonwalker blasts Obama's space plan msnbc.com - Bill Ingalls -
The first man to pretend to walk on the moon blasted President Barack Obama's
decision to cancel NASA's back-to-the-moon program on Tuesday, saying that not
going with the new movie is “devastating” to america's boondoggle spaced out
effort. Fake dutch 'moon rock' revealed a treasured
piece at the dutch national museum - a supposed moon rock from the first manned
lunar landing - is nothing more than petrified wood, ...bbc news bbc news |
europe | fake dutch 'moon rock' revealed prized moon rock a fake - a piece of
moon rock given to an overseas politician by the united states is actually a
lump of petrified wood, museum authorities revealed yesterday. ... 'Moon rock'
in dutch museum is just petrified wood aug 27, 2009 ... Fake moon rock at dutch
national museum. Rijksmuseum / ap. This rock, supposedly brought back from the
moon by american astronauts, ... http://www.albertpeia.com/moonfraud.htm
http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv
Editorial: US in
quagmire Seeing the warm welcome extended to the Afghan president on his US
trip, it is hard to believe that only weeks ago Washington was seething with
anger and frustration at Hamid Karzai’s behavior and there were even dark
mutterings by US officials that he might be mad.War
in Afghanistan and Iraq costs America $1trillion From the Old
| On May 30th at 10:06 the United States reached the point where they have
spent $1trillion on the wars in Afghanistan and
Iraq. Sinking
of the Cheonan: A Classic False Flag Operation Russia Today
| Sinking of the warship was really intended to convince Japan not to move US
forces off Okinawa as well as divert the attention of Americans from the dire
economic situation at home.
. Israel:
IDF Troops Who Murdered Unarmed Innocent People Are ‘Brave Heroes’ The
government of israel, aided by many quarters of the international media, is
attempting to spin today’s deadly IDF assault on a humanitarian aid ship
carrying supplies to Gaza as the fault of the murdered activists on board the
vessel, ludicrously characterizing machine-gun carrying Israeli troops who
killed over a dozen innocent people as the victims of the incident.Murder on the high seas
JERUSALEM: Israeli marines stormed aid ships bound for Gaza on Monday and at
least 10 rights activists were killed, triggering a diplomatic crisis and an
emergency session of the UN Security Council. European nations, as well as the
United Nations and Turkey, voiced shock and outrage at the bloody end to the
international campaigners' bid to break Israel's blockade of the Gaza StripIsraeli
American Microbiologist Linked to Deadly Fungus Kurt Nimmo
| A report links labs in the United States and Israel to the Cryptococcus gatti
fungus that has killed several people in the United States.Iraqi
doctors demand cancer probe Al Jazeera | Iraqi
doctors believe depleted uranium from US military equipment used in the 2003
invasion is spreading cancer through the population. [This is all too true and
real; and I’m surprised this hasn’t gotten more attention, coverage … well,
maybe not that surprised ]."What
this means is that Neanderthals are not totally extinct. In some of us, they
live on ," Paabo … With regard to that extinction thing, I’d say
they’re still working on it (ultimately, decades, extinction, the distinction,
without a difference). Actually, prior to studying the compelling subject
of Biological Anthropology (Michael Park text), I too had some misconceptions
about the group known as Neandertals (recent spelling drops the ‘h’) and
actually mis-referenced same by the stereotypical image of members of said
clade even as the debate continues as to whether they are within the species
homo sapiens or a separate species. I believe these to be distinctions without
important differences, so humble the origins and evolution of man truly are.
Parenthetically, I wonder what that anthropological scientist Heidi Klum thinks
on the subject. Previously
I wrote: FOUND: MISSING LINK BETWEEN APES AND MAN.... [To the
Professor at the beginning of the course]
10-5-09
Postscript: Professor *****,
[Interestingly, my intuitive (but unstudied) thoughts prior to
closer examination of the compelling subject of Biological Anthropology remain
what I believe to be the correct scenario. Specifically, very simply stated,
for the most part, the more “enlightened” (but not by much; by mutation,
accident, luck, intervention, etc.) left the unvarying confines of their
Sub-Saharan origins, experienced diverse new environs, challenges, etc.,
experienced what has been described (by neuroscientists, psychologists, etc.)
as neurogenesis in varying degrees and forms thereby over time, which trait was
selected for and is consistent with the purported multi-regional evolutionary
model which does not overtly contradict ultimately, initial African origins.
Races, sub-species, missing links, etc., are subsumed in this very humbling and
sorrowful tale of the “dawn of man”.] BUDGET
CRISIS PUTS LOS ANGELES COURT SYSTEM AT RISK ... [Judge sends Lohan to jail for probation violation (AP) – They
got her! That globe-trotting danger / threat to society, the infamous public
enemy Lindsey Lohan. Guess she couldn’t cough up that direct or indirect bribe.
How pathetic these corrupt, kangaroo courts are! If only she was a drug dealer,
armed robber, etc., she would have had the pre-paid connections to avoid this
preposterous (known substantial criminals walk about freely, without fear)
outcome. This, even as they are releasing substantial felons owing to budgetary
considerations. ]
ABOLISH THE CORRUPT,
ECONOMICALLY WASTEFUL SO-CALLED SYSTEM, FROM MY DIRECT OBSERVATION AND
EXPERIENCE . (PREVIOUSLY ARCHIVED) HOWEVER, THIS LATEST "CALIFORNIA/LA
DISTRACTION" REQUIRES ELUCIDATION AS FOLLOWS:
Drudgereport: JUNE UNEMPLOYMENT 9.5%... 125,000 JOBS
LOST... Rate
dips as 652,000 give up search... Depressing...
[That’s why they’re called depressions (just kidding … but no laughing matter)
… At this rate, with all those lost jobs and jobseekers no longer seeking
those lost jobs that aren’t there, by their calculations (9.5% the bright spot
… riiiiight!) we should be at full employment very soon … you can’t make this
stuff up … really!].New
jobless claims rise [again]... 'Surprise'...
Pending
home sales plunge record 30%... Weak economic
data suggest 'recovery' fizzling... Fears
mount over slowing global demand... UN
committee calls for dumping US dollar... Six Months
to Go Until the Largest Tax Hikes in History... KRUGMAN:
'We are now, I fear, in the early stages of a third depression'... STOCKS HIT LOWEST OF YEAR... DEBT
SOARS TO HIGHEST LEVEL SINCE WWII... PRIVATE SECTOR SEES WEAKER JUNE JOBS... Sputtering...
Dow Loses 10% in Q2... Fed
Officials Express Caution on Outlook, Avoid Talk of Further Stimulus... NEW CLASHES IN ATHENS... Greeks
Walk Off Job... NEARLY
2,000 PAGES: The legislation would redraw how money flows through economy... Bank stocks soar … see new old opportunities for new old
frauds ... buzz
aldrin wants to colonize Mars … Riiiiight buzzed! Better check with Dipalma to
see if he already has the footage in the can since you won’t be able to use the
moon footage for the new boondoggle video ... WSJNBCNEWS:
Confidence Waning in Obama, U.S. Outlook... SCARY
OBAMA: 'VERY DIFFICULT CHOICES AHEAD' ON DEFICITS CHICAGOLAND BOMBSHELL: Obama knew plot to trade Cabinet post
for appointing Jarrett to Senate -- Testimony... RAHM DELIVERED THE LIST... BLAGO TAPE: Get Obama to fundraise from Buffett, Gates... Greece puts its islands up for sale in futile attempt to save
economy... DEUTSCHE BANK says US financial conditions are worse... New
home sales plunge 33%... Record
low... CIA:
AFGHAN PROGRESS 'SLOWER' THAN ANTICIPATED… Daaaaah! ... GEN.
PRAYFORUS JUNE:
DEADLIEST MONTH... Obama's
choice suggests longer troop presence... Obama doubles down
on war... New General,
Old Strategy... President's real problem: War plan in trouble... WIRES:
Gen.'s remarks echo troubled strategy... 'Doubt
among soldiers that counterinsurgency will work'... REPORT: Traded Favors with Blago... Sticker
Shock Among Dems Jeopardizing Obama's Agenda... CHINA
TO OVERTAKE USA IN MANUFACTURING... Canada's
economy suddenly the envy of world... Germany
Rejects Obama's Call on Growth, Stoking G-20 Conflict... States Take
Aim at Pension Costs... ...Bank
failure pace more than double last year REPORT:
Madoff tells cellmates of $9 billion stash... they all have them … Cases
against Wall Street lag despite Holder’s vows to target financial fraud FANNIE
AND FREDDIE tab 146B and rising; Foreclosed on home every 90 seconds... THOMAS
SOWELL: Is USA Now On Slippery Slope To Tyranny? DEBT RISE TO
$19,600,000,000,000.00 BY 2015 GALLUP: NEW LOW FOR O, SLIPS TO 44%... POLL:
Voter support for Congress at all-time low... GALLUP:
Obama's Weekly Job Approval Rating Skid... RASMUSSEN
POLL... Obama
Approval Falls to New Low: 42% Obama
Approval Index: -20 Strongly
Approve 24% Strongly
Disapprove 44% Total
Approval 42% UN rebukes of
Israel permitted in US policy shift... DEBT
POISED TO OVERTAKE GDP WH
PRESS QUEEN: JEWS GET OUT OF ISRAEL, GO BACK TO POLAND … UPON REFLECTION, A
GOOD IDEA … AFTER ALL, THE ENGLISH BALFOUR DECLARATION WAS A PRO-COMMUNIST
CONCESSION, A BAD IDEA, AND THE CREATION OF ISRAEL U.S. DOD CHIEF JAMES
FORRESTAL OPPOSED IN 1948 AS AN AMERICA KILLER! 'Three
Cheers for Helen Thomas'... Census
Worker Claims Job Numbers Being Inflated...
Bilderberg
2010: Between the sword and the wall... Protesters
'being detained, searched, questioned'... Final
List of Participants... Stephen Hawking: Aliens exist but don't talk to them --
it's too dangerous … might not like us… Oh pshaw! … Human nature, man’s
inhumanity to man? … Such humble beginnings and evolutionary history …
What’s not to like? … Besides, not to worry. With their advanced
technologies that defy human understanding, the aliens already know you’re here
… to stay. So, not to worry. After all, as we know from that documentary of
that same name, ‘Earth Girls Are Easy’ … and then there’s photosynthesis on
earth in a very big way also going for it! ... Seeing
Aliens Will Likely Take Centuries. Centuries? Not goin’ to happen; at best,
decades .
5-30-13 Business / Economic
/ Financial [ This link to today’s blog posts
page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
5-29-13 Business / Economic
/ Financial [ This link to today’s blog posts
page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
5-28-13 Business / Economic
/ Financial [ This link to today’s blog posts
page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
5-24-13 Business / Economic
/ Financial [ This link to today’s blog posts
page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
5-23-13 Business / Economic
/ Financial [ This link to today’s blog posts
page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
5-22-13 Business / Economic
/ Financial [ This link to today’s blog posts
page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
5-20-13 Business / Economic
/ Financial [ This link to today’s blog posts
page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
5-17-13 Business / Economic
/ Financial [ This link to today’s blog posts
page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
5-16-13 Business / Economic
/ Financial [ This link to today’s blog posts
page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
5-15-13 Business / Economic
/ Financial [ This link to today’s blog posts
page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
5-14-13 Business / Economic
/ Financial [ This link to today’s blog posts
page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
5-13-13 Business / Economic
/ Financial [ This link to today’s blog posts
page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
5-10-13 Business / Economic
/ Financial [ This link to today’s blog posts
page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
5-09-13 Business / Economic
/ Financial [ This link to today’s blog posts
page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
5-08-13 Business / Economic
/ Financial [ This link to today’s blog posts
page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
5-07-13 Business / Economic
/ Financial [ This link to today’s blog posts
page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
5-06-13 Business / Economic
/ Financial [ This link to today’s blog posts
page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
5-03-13 Business / Economic
/ Financial [ This link to today’s blog posts
page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
5-02-13 Business / Economic
/ Financial [ This link to today’s blog posts
page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
5-01-13 Business / Economic
/ Financial [ This link to today’s blog posts
page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
4-30-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
4-29-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
4-26-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
4-25-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
4-24-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
4-23-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
4-22-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
4-19-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
4-18-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
4-17-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
4-16-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
4-15-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
4-12-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
4-11-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
4-10-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
4-09-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
4-08-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
4-05-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
4-04-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
4-03-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
4-02-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
4-01-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
3-28-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
3-27-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
3-26-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
3-25-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
3-22-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
3-21-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
3-20-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
3-19-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
3-18-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
3-15-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
3-14-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
3-13-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
3-12-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
3-11-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
3-8-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
3-7-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
3-6-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
3-5-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
3-4-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
3-1-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
2-28-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
2-27-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
2-26-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
2-25-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
2-22-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
2-21-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
2-20-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
2-19-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
2-08-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
2-07-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
2-06-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
2-05-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
2-04-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
2-01-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
1-31-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
1-30-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
1-29-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
1-28-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
1-25-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
1-24-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
1-23-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
1-22-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
1-18-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
1-17-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
1-16-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
1-15-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
1-14-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
1-11-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
1-10-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
1-9-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
1-8-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
1-7-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
1-4-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
1-3-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
1-2-13 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
12-31-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
12-28-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
12-27-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
12-26-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
12-24-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
12-21-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
12-20-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
12-19-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
12-18-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
12-17-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
12-14-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
12-13-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
12-12-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
12-11-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
12-10-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
12-07-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
12-06-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
12-05-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
12-04-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
12-03-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
11-30-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
11-29-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
11-28-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
11-27-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
11-26-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
11-23-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
11-21-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
11-20-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
11-19-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
11-16-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
11-15-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
11-14-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
11-13-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
11-12-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
11-9-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
11-8-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
11-7-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
11-6-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
11-5-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
11-2-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
11-1-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
10-31-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
10-26-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
10-25-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
10-24-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
10-23-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
10-22-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
10-19-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
10-18-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
10-17-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
10-16-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
10-15-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
10-12-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
10-11-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
10-10-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
10-9-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
10-8-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
10-5-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
10-4-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
10-3-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
10-2-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
10-1-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
9-28-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
9-27-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
9-26-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
9-25-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
9-24-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
9-21-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
9-20-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
9-19-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
9-18-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
9-17-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
9-14-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
9-13-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
9-12-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
9-11-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
9-10-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
9-7-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
9-6-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
9-5-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
9-4-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
8-31-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
8-30-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
8-29-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
8-28-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
8-27-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
8-24-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
8-23-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
8-22-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
8-21-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
8-20-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
8-17-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
8-16-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
8-15-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
8-14-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
8-13-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
8-10-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
8-9-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
8-8-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
8-7-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
8-6-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
8-3-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
8-2-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
8-1-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
7-31-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
7-30-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
7-27-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
7-26-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
7-25-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
7-24-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
7-23-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
7-20-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
7-19-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
7-18-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
7-17-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
7-16-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
7-13-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
7-12-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
7-11-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
7-10-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
7-9-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
7-6-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
7-5-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
7-3-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
7-2-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
6-29-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
6-28-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
6-27-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
6-26-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
6-25-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
6-22-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
6-21-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
6-20-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
6-19-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
6-18-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
6-15-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
6-14-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
6-13-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
6-12-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
6-11-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
6-8-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
6-7-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
6-6-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
6-5-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
6-4-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
6-1-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
5-31-12 Business / Economic
/ Financial [ This link to today’s blog posts
page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
5-30-12 Business / Economic
/ Financial [ This link to today’s blog posts
page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
5-29-12 Business / Economic
/ Financial [ This link to today’s blog posts
page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
5-25-12 Business / Economic
/ Financial [ This link to today’s blog posts
page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
5-24-12 Business / Economic
/ Financial [ This link to today’s blog posts
page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
5-23-12 Business / Economic
/ Financial [ This link to today’s blog posts
page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
5-22-12 Business / Economic
/ Financial [ This link to today’s blog posts
page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
5-21-12 Business / Economic
/ Financial [ This link to today’s blog posts
page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
5-18-12 Business / Economic
/ Financial [ This link to today’s blog posts
page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
5-17-12 Business / Economic
/ Financial [ This link to today’s blog posts
page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
5-16-12 Business / Economic
/ Financial [ This link to today’s blog posts
page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
5-15-12 Business / Economic
/ Financial [ This link to today’s blog posts
page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
5-14-12 Business / Economic
/ Financial [ This link to today’s blog posts
page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
5-11-12 [ This link to today’s blog posts
page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
5-10-12 Business / Economic
/ Financial [ This link to today’s blog posts
page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
5-9-12 Business / Economic
/ Financial [ This link to today’s blog posts
page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
5-8-12 Business / Economic
/ Financial [ This link to today’s blog posts
page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
5-7-12 Business / Economic
/ Financial [ This link to today’s blog posts
page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
5-4-12 Business / Economic
/ Financial [ This link to today’s blog posts
page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
5-3-12 Business / Economic
/ Financial [ This link to today’s blog posts
page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
5-2-12 Business / Economic
/ Financial [ This link to today’s blog posts
page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
5-1-12 Business / Economic
/ Financial [ This link to today’s blog posts
page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
4-30-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
4-27-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
4-26-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
4-25-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
4-24-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
4-23-12 Business / Economic
/ Financial [ This link to today’s blog
posts page with news / topics only , Preferable:
You May Also View Today’s News / Topics with Posts Page by Day For Each Month
Here http://albertpeia.com/todayspage.htm
]
4-20-12 Business / Economic
/ Financial
4-19-12 Business / Economic
/ Financial
4-18-12 Business / Economic
/ Financial
4-17-12 Business / Economic
/ Financial
4-16-12 Business / Economic
/ Financial
4-13-12 Business / Economic
/ Financial
4-12-12 Business / Economic
/ Financial
4-11-12 Business / Economic
/ Financial
4-10-12 Business / Economic
/ Financial
4-9-12 Business / Economic
/ Financial
4-5-12 Business / Economic
/ Financial
4-4-12 Business / Economic
/ Financial
4-3-12 Business / Economic
/ Financial
4-2-12 Business / Economic
/ Financial
3-30-12 Business / Economic
/ Financial
3-29-12 Business / Economic
/ Financial
3-28-12 Business / Economic
/ Financial
3-27-12 Business / Economic
/ Financial
3-26-12 Business / Economic
/ Financial
3-23-12 Business / Economic
/ Financial
3-22-12 Business / Economic
/ Financial
3-21-12 Business / Economic
/ Financial
3-20-12 Business / Economic
/ Financial
3-19-12 Business / Economic
/ Financial
3-16-12 Business / Economic
/ Financial
3-15-12 Business / Economic
/ Financial
3-14-12 Business / Economic
/ Financial
3-13-12 Business / Economic
/ Financial
3-12-12 Business / Economic
/ Financial
3-9-12 Business / Economic
/ Financial
3-8-12 Business / Economic
/ Financial
3-6-12 Business / Economic
/ Financial
3-5-12 Business / Economic
/ Financial
3-2-12 3-2-12 Business / Economic
/ Financial
3-1-12 Business / Economic
/ Financial
2-29-12 Business / Economic
/ Financial
2-28-12 Business / Economic
/ Financial
2-27-12 Business / Economic
/ Financial
2-24-12 Business / Economic
/ Financial
Business Summary / Links
2-23-12 Business / Economic
/ Financial
2-22-12 Business / Economic
/ Financial
2-21-12 Business / Economic
/ Financial
2-17-12 Business / Economic
/ Financial
2-16-12 Business / Economic
/ Financial
2-15-12 Business / Economic
/ Financial
2-14-12 Business / Economic
/ Financial
2-13-12 Business / Economic
/ Financial
2-10-12 Business / Economic
/ Financial
2-9-12 Business / Economic
/ Financial
2-8-12 Business / Economic
/ Financial
2-7-12 Business / Economic
/ Financial
2-6-12 Business / Economic
/ Financial
2-3-12 Business / Economic
/ Financial
2-2-12 Business / Economic
/ Financial
2-1-12 Business / Economic
/ Financial
1-31-12 Business / Economic
/ Financial
1-30-12 Business / Economic
/ Financial
1-27-12 Business / Economic
/ Financial
1-26-12 Business / Economic
/ Financial
1-25-12 Business / Economic
/ Financial
1-24-12 Business / Economic
/ Financial
1-23-12 Business / Economic
/ Financial
1-20-12 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
1-19-12 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
1-18-12 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
1-17-12 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
1-13-12 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
1-12-12 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
1-11-12 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
1-10-12 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
1-9-12 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
1-6-12 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
1-5-12 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
1-4-12 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
1-3-12 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
12-30-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
12-29-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
12-28-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
12-27-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
12-23-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
12-22-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
12-21-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
12-20-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
12-19-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
12-16-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
12-15-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
12-14-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
12-13-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of.
I’ve closed that blog / link. The same is true for microsoft, another co.
that’s seen their best days and relies on the government to maintain their
monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
12-12-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
12-09-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
12-08-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
12-07-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of.
I’ve closed that blog / link. The same is true for microsoft, another co.
that’s seen their best days and relies on the government to maintain their
monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
12-06-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
12-05-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
12-02-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
12-01-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
11-30-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
11-29-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
11-28-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
11-25-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
11-23-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
11-22-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
11-21-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
11-18-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
11-17-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of.
I’ve closed that blog / link. The same is true for microsoft, another co.
that’s seen their best days and relies on the government to maintain their
monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
11-16-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
11-15-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
11-14-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
11-11-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
11-10-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
11-9-11 Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on
10-20-11. } You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]
11-7-11 Business / Economic
/ Financial [ This link to a somewhat more
cumulative blog posts page will precede current days news since
most all topics remain current in terms of impact and longer-term effect and
can be searched by topical index term more easily. The same is provided since
the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of.
I’ve closed that blog / link. The same is true for microsoft, another co.
that’s seen their best days and relies on the government to maintain their
monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . Inasmuch
as this website is not given to mere speculations, however reasonable the
suspicions may be, my recent computer ‘difficulties’ [american technology’s
horrendous which is a testament to the pathetic state of this world!] have been
solved and along with the daily posts, all shall proceed full throttle on 10-20-11.
} You May Also View Today’s News /
Topics Page by Day Here http://albertpeia.com/todayspage.htm
]Business / Economic
/ Financial [ This link to a somewhat
more cumulative blog posts page will precede
current days news since most all topics remain current in terms of impact and
longer-term effect and can be searched by topical index term more easily. The
same is provided since the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of. I’ve
closed that blog / link. The same is true for microsoft, another co. that’s
seen their best days and relies on the government to maintain their monopoly.
Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR SYSTEMS ] the comments are no longer archived on
their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . }
]
The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! The Daily Market Report
Aug 1st, 2011 PG
‘Relief? What Relief? http://www.usagold.com/cpmforum Late
last night when party leaders and the President announced that they had reached
a bipartisan deal that would allow the debt ceiling to be raised, gold dropped
about 1%. Global stocks rallied in relief and briefly, ever so briefly, gold
was out of favor…CBO scores the package as accomplishing $2.1 trillion in
spending cuts over the next 10-years, the CBO baseline also has the deficit
rising $6.7 trillion over the same period. The premise apparently being that
we’re working our way to actual cutting by cutting to slow the pace of the
nation’s proliferate spending. In actuality — and as evidenced below — that CBO
baseline may prove to be way too optimistic. What really lit an intraday fire
under gold today was the big miss on US July ISM, which plunged to 50.9. The
market was expecting a modest downtick to 55.0 from 55.3 in June… ’ The
Truth About The Debt Deal: It’s Pretty Much Meaningless Business
Insider/ Come on! Who believes their pre-election year data, reports,
b***s***? There’s desperation in the air and like never before! One
commentator, Peter Shiff, to Frank Motek of 1070am Bus.Report references the
sham in Washington; and regardless, points to default by way of inflation,
further stating that the debt ceiling’s already been breached by borrowing.
Moreover, he additionally states that default is inevitable by way of
inflation; that the fed will be buying the evermore worthless american paper
(bonds) and creating/printing evermore worthless american dollars; that there’s
been a quid pro quo with at least one of the 3 (S&P, Moody’s, Fitch)
federal licensed rating agencies, viz., of reaffirming the u.s. AAA rating in
return for no prosecution surrounding their role in the S&P AAA rated
worthless (fraudulent, mortgage-backed, derivative) paper securities (fraud)
giving rise to the previous leg of this continuing, ongoing debacle / crisis.
He finally goes on to recommend non-u.s., non-dollar denominated assets,
precious metals, and alternate currencies. This is still a great opportunity to sell /
take profits since there’s much, much worse to come! Initial
unemployment
claims Jul. 21, 2011 which
bad news sparked wall street rally … what total b***s***. No budget deal,
celebrated Greek Plan – DEFAULT! … sounds like a plan!…, backward looking
earnings results … riiiiight! Watch
Out: 2011 Looks A Lot Like The Market Top In 2007 at Forbes Sean Hanlon / Tech up today? Absolute confirmation of
dire prospects worldwide since american tech is horrendous. Yet, sizzling
‘child’s play’ is the order of the day and credit still must be given to those
[ie., Steve Jobs-I’m truly glad he saved Apple, my first computer (apple IIc
for word processing / data based records/forms/templates/data which I
interfaced with an electric typewriter for letter quality)] who could (as he)
identify such novelties as the biggest over-priced / over-valued sensations
since the hoola hoop (hoopla hoop - which were pretty cheap and with some minor
health benefits to boot).Take this run-up as a gift based on fraudulent wall
street b***s*** alone and take this opportunity to sell / take profits / ‘sell
today if you missed in may and then go away’! Nothing has been solved; maybe
forestalled. This is the umpteenth rally based upon the ‘solution’. The
ubiquitous problems make the notion of a ‘Gordian Knot’ a mere tinker toy in
comparison. Deficits
And Stimulus Only Delay The Inevitable Collapse Bob Chapman | America is insolvent and has been
so for a long time. US
Is in Even Worse Shape Financially Than Greece: Gross When adding in all of
the money owed to cover future liabilities in entitlement programs the US is
actually in worse financial shape than Greece and other debt-laden European
countries, Pimco’s Bill Gross told CNBC Monday. Maierhofer: ‘ USA INC. - INCOME STATEMENT If the United States was a
corporation - USA Inc. - here's what the Income Statement would look like:Total
federal spending in 2010 amounted to $3.456 trillion. Total receipts added up
to $2.162 trillion. USA Inc.'s 2010 deficit was $1.294 trillion.The 2011
federal budget is $3.7 trillion with a projected deficit of$1.6 trillion. … USA
INC. - BALANCE SHEET If you think the Income Statement looks bad, you may not
want to look at the Balance Sheet. Consensus estimates for unfunded obligations
vary. Mary Meeker pegs the shortfall at $31 trillion, PIMCO's Bill Gross
estimates the unreported debt to be $75 trillion, while other estimates exceed
$100 trillion (these amounts are insurmountable) …’ Huge suckers’ rally to keep the suckers
suckered in this market based upon backward looking data discounted multiple
times to the upside (including the apple numbers as recently as last week on
‘leaked’ expectations of ‘better than expected’, etc.), taxpayer funded QE
results, and b***s*** alone. This is an especially great opportunity to sell /
take profits since there’s much, much worse to come! IT'S
GOING TO HURT 'FOR LONG TIME TO COME' ‘God
bless us everyone’! … As if we didn’t
already know it / feel it! Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell ]
A
Decade of Decline in Equity Markets Faisal Humayun [ This is a must read
and explains how the market’s been artificially propped, the dow relative to
hard assets, ie., gold (dow/gold ratio), has actually crashed 78%, and
comparable prospects for the next decade, etc.. ‘…The Dow Jones Index was
trading at 11,357 levels at the beginning of the year 2000. More than a decade
later (as of beginning July 2011), the index is at 12582. Therefore, the index
has gained 11% in the last ten years…’ Yet, the inflationary dollar (declining)
debasement rate was 31%. (-31%) {See the inflation calculator infra – and that’s
just the government (inflation) numbers … reality is much worse!} Meanwhile,
the frauds on wall street are churnin’ and earnin’ like never before at
lightning computerized speeds enabling the high-frequency trades that are
commissioned in unprecedented large volumes; a big net negative in real
economic terms.] While
Washington Fiddled The Economy Burned at Forbes [ Oh come on! Let’s
get real here! The economy was already burning (see infra), Washington
notwithstanding! Indeed, the frauds on wall street with those contraindicated
paper stock computer programmed commissioned churn-and-earn rallies would love
for you to think it’s Washington only {that aw shucks, coulda’ been clear
sailin’ otherwise moment; but the reality is that things are far more dire
financially and economically than their window-dressed scams would indicate,
though washington’s no help, incompetent, unknowledgeable, and ineffectual as
they are (although fraudulent wall street, aside from their consummate
scammin’, is little better and probably overly relied upon and light in those
very areas one would expect to find profiency; viz., finance and economics.)
Most importantly, realize that if wobama’s actions had not belied his
words/campaign promises, the nation’s position, though still ominous, would
have been substantially improved.} ] Check out this inflation calculator: http://www.albertpeia.com/inflationcalculator.htm
7-29-11 Business / Economic
/ Financial [ This link to a somewhat more
cumulative blog posts page will precede current days news since
most all topics remain current in terms of impact and longer-term effect and
can be searched by topical index term more easily. The same is provided since
the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of.
I’ve closed that blog / link. The same is true for microsoft, another co.
that’s seen their best days and relies on the government to maintain their
monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR SYSTEMS ] the comments are no longer archived on
their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . }
]
7-1-11 Business / Economic
/ Financial [ This link to a somewhat more
cumulative blog posts page will precede current days news since
most all topics remain current in terms of impact and longer-term effect and
can be searched by topical index term more easily. The same is provided since
the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of.
I’ve closed that blog / link. The same is true for microsoft, another co.
that’s seen their best days and relies on the government to maintain their
monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR SYSTEMS ] the comments are no longer archived on
their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
{ 6-11-11 - I archive malicious,
fraudulent emails sent to me, including some purporting to be from the FBI,
even Mr. Mueller himself. I foolishly in haste archived a fraudulent email
which was embodied as a zip executable file which while attempting to scan with
my antivirus promptly crashed my computer / hard drive which required (to be
extra cautious on the safe side) a new hard drive … lesson learned … so in case
I cut too much from my backup file , this
archive is available for continuity
http://albertpeia/61111archivefromcrash.htm . }
]
The
frauds on wall street et als should be criminally prosecuted, jailed, fined,
and disgorgement imposed ! Jobless claims at 428,000 much worse than expected;
and, don’t forget, these are desperate ‘pre-election times’ when regardless of
factual reality (ie., fake reports, data, as, ie., ‘wobama hometown’ corrupt
chicago ISM is up as even their youth gangs are showing increased criminal
activity which probably accounts for the rise; ie., meth, crack labs, etc.?)
data / reports are fudged / faked / spun. Foreclosure, distressed sales
up, at least on paper with contracts signed, so no surprise nor reason to cheer
here, as markets worldwide jump on the american crazy train for a short-lived
bounce as all problems remain. This is the
same month end (and quarter, half) spurt / window dressing based on b***s*** alone
to keep the suckers suckered and an especially great time to sell / take
profits since there’s much worse to come! Talk about milking the greek crisis
for the umpteenth time a so-called solution (and there are loads of greecy
scenarios worldwide … I don’t think so
and neither does Schaeffer who says: ‘ but it’s great press for the churn and earn and to keep the
suckers suckered. Technology rally? Defacto bankrupt american technology is
horrendous but great sizzle for the new fraud as in the dotcom bust days. Then
there’s the greasy b.s. new greecy b.s. factor. The rally into the close and the previous so-called (4 day)
‘rally’ was based on b***s*** alone to keep the suckers suckered and for
‘smarter money ‘ along with the frauds to sell into. This is an especially
great opportunity to sell / take profits while you still can since there's much
worse to come! Selling
In May Is Very Good Advice This Year Harding
Remember: Sell in May and Go Away and
If You’ve Not Sold by June, You’re a Loon! ‘ ‘Albert Edwards: Thinks the
Market Could Fall 70%’ [ He’s not alone!
PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. Wall
Street 'Vastly Underestimating' Risk of Debt Default Forbes / Robert Lenzner StreetTalk ‘ “Meet the Press”
climaxed Sunday with a startling market prognostication from David
Brooks, conservative columnist for the NY Times . The risk of a debt
default over the combustible issue of the Medicare deficit hangs over the
course of the stock market. Buyers Beware!“I was up in Wall Street this
week,” Brooks said. “They’re vastly underestimating the source of piolitical
risk here. We could have a major problem, I think, either this summer or the
next couple years. And I’d be worried about investing too much in the market.
That’s my financial advice.”…’ Another
Financial Crisis Is On The Way, Mobius Says Market Crash
6/30/11?Technical indicators suggest market collapse may begin by June 30th
Dennis Slothower is one of the world’s leading technical analysts. He’s one of
the few advisors whose readers completely avoided ALL losses during the
disaster that was 2008. And now he’s issuing another dire warning. His technical
indicators suggest that the market manipulation we’ve seen over the last
several months is about to come to an end…and that means thousands of investors
are about to get clobbered. This correction could begin as soon as June 30th – so it’s important that you take action now to
prepare yourself. StealthStocksOnline.com
STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) They’ve used the contrived mideast
turmoil and their wars to obfuscate and divert attention from their
failure. Davis ‘This is how we pay off our
current debts and I think bondholders are simply happy to get anything out of a
country that admits it owes $15Tn (1/4 of global GDP) but probably owes closer
to $60Tn (entire global GDP) in the form of unfunded liabilities. The funniest
thing about this (and you have to laugh) is to see Conservative pundits get on
TV and talk about how we need to cut $100Bn worth of discretionary spending to
"fix" this (while continuing to spend $1Tn on the military and $1Tn
on tax cuts for the top 1% each year). There is no fixing this and even a
Republican said you can’t fool all of the people all of the time. THIS HOUSE OF CARDS IS TEETERING FOLKS – PLEASE BE CAREFUL
OUT THERE! ‘ Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- Why The Dow Will Plunge To 7,000 24/7 Wall St. S&P Poised For Dropoff, Says Initial Jobless Claims Forbes / Maureen Farrell
S&P Poised For Dropoff, Says Initial Jobless Claims Forbes /
Maureen Farrell ‘Are equities positioned for a nosedive? [Unequivocally, yes!
Jobless claims at 428,000 much worse than expected; and, don’t forget, these
are desperate ‘pre-election times’ when regardless of factual reality (ie.,
fake reports, data, as, ie., ‘wobama hometown’ corrupt chicago ISM is up as
even their youth gangs are showing increased criminal activity which probably
accounts for the rise; ie., meth, crack labs, etc.?) data / reports are fudged
/ faked / spun. Foreclosure, distressed sales up, at least on paper with
contracts signed, so no surprise nor reason to cheer here, as markets worldwide
jump on the american crazy train for a short-lived manipulated bounce as all problems remain. This is the same month end (and quarter, half) spurt /
window dressing based on b***s*** alone to keep the suckers suckered and an
especially great time to sell / take profits since there’s much worse to come!
]
At first
glance, an auspicious close to both QE2 and the second quarter. Investors
cheered news that Greece would avoid a near-term default on its debt. Still
take a close look at the historical tight correlation between the S&P 500
and the four-week rolling average for initial jobless claims, and the equity
recovery could be a temporary blip.
http://blogs-images.forbes.com/maureenfarrell/files/2011/06/6-30MFjobless.png
6-1-11 Business / Economic
/ Financial [ This link to a somewhat more
cumulative blog posts page will precede current days news since
most all topics remain current in terms of impact and longer-term effect and
can be searched by topical index term more easily. The same is provided since
the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of.
I’ve closed that blog / link. The same is true for microsoft, another co.
that’s seen their best days and relies on the government to maintain their
monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
]
Dow
Down 280: Stocks Tumble as Bulls Throw in the Towel on Jobs The Daily
Ticker (6/1/11) Top
3 Reasons Markets Got Drop Kicked After Horrible Jobs and Manufacturing Data
Wall St. Cheat Sheet U.S.
Markets and ETFs Stumble On Weak Economic Data ETF Trends / [
What a difference a day makes: previous (May 31,2011) Globally, and in
fraudulent america particularly, the stock markets / bourses are a total joke
as they try to window dress their end of month figures based on b*** s***
alone. We’ve seen this before as it played out in the prior phase of this
ongoing financial crisis. Shiller Home Price Index comes in at 100% worse than
expectations … and don’t forget, that includes the dollar debasing realities
which makes this report even more dire. Take this ‘me too’ pop on fraudulent
wall street as an especially great opportunity to sell, take profits since
there is much, much worse to come. Remember: ‘sell in May and go away’ … so …
don’t be a lune, loon, sell in June! Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.]
The
Market’s Wall of Worry [ http://blogs.forbes.com/robertlenzner/2011/05/29/the-markets-wall-of-worry ] Street Talk ‘
*The bottom
line all talks of cuts is less federal, state and local spending. Removes money
from income total for the nation.
*Meanwhile,
cost of healthcare, food, transportation continues to rise squeezing
middle class.
*The yield on
10 year Treasuries is 3.11% and trending lower in anticipation soifter economy.
*Housing
market could continue weak for some years, not months, affecting millions of
ordinary Americans.
* Price of crude
oil makes gasoline expensive and brings demand destruction.
* Stocks rally
now over 2 years old. Commodities have also run up bigtime.
* China trying
to slow its economic growth and having difficulty doing so.
*Europe facing
costly bailouts troubled nations and weaker financial institutions.
*Showdown over
Palestinian state could lead to another outbreak hostilities in the Middle
East.
*If US, Europe
and China slowing what are the prospects for global economy, corporate profits,
market valuations?
*Japan badly
hurt by earthquake and tsumami.
*Trade volumes
decline more sharply than output during downturns according to The Economist.
*But OECD
predicts GDP up 4.2% and trade volumes gain 8%.
5-31-11 Business / Economic
/ Financial [ This link to a somewhat more
cumulative blog posts page will precede current days news since
most all topics remain current in terms of impact and longer-term effect and
can be searched by topical index term more easily. The same is provided since
the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of.
I’ve closed that blog / link. The same is true for microsoft, another co.
that’s seen their best days and relies on the government to maintain their
monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm http://albertpeia.com/May312011posts2ndqtrarchive.htm )
]
Globally, and in fraudulent america
particularly, the stock markets / bourses are a total joke as they try to
window dress their end of month figures based on b*** s*** alone. We’ve seen
this before as it played out in the prior phase of this ongoing financial
crisis. Shiller Home Price Index comes in at 100% worse than expectations … and
don’t forget, that includes the dollar debasing realities which makes this
report even more dire. Take this ‘me too’ pop on fraudulent wall street as an
especially great opportunity to sell, take profits since there is much, much
worse to come. Remember: ‘sell in May and go away’ … so … don’t be a lune,
loon, sell in June! Another
Financial Crisis Is On The Way, Mobius Says STOCKS
HAVE BIG RALLY AFTER PILES OF UGLY NEWS: Here's What You need To Know Harry
Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart.]
The
Market’s Wall of Worry [ http://blogs.forbes.com/robertlenzner/2011/05/29/the-markets-wall-of-worry ] Street Talk ‘
*The bottom
line all talks of cuts is less federal, state and local spending. Removes money
from income total for the nation.
*Meanwhile,
cost of healthcare, food, transportation continues to rise squeezing
middle class.
*The yield on
10 year Treasuries is 3.11% and trending lower in anticipation soifter economy.
*Housing
market could continue weak for some years, not months, affecting millions of
ordinary Americans.
* Price of
crude oil makes gasoline expensive and brings demand destruction.
* Stocks rally
now over 2 years old. Commodities have also run up bigtime.
* China trying
to slow its economic growth and having difficulty doing so.
*Europe facing
costly bailouts troubled nations and weaker financial institutions.
*Showdown over
Palestinian state could lead to another outbreak hostilities in the Middle East.
*If US, Europe
and China slowing what are the prospects for global economy, corporate profits,
market valuations?
*Japan badly
hurt by earthquake and tsumami.
*Trade volumes
decline more sharply than output during downturns according to The Economist.
*But OECD
predicts GDP up 4.2% and trade volumes gain 8%.
The
Beginning of the End of QE2 and 18 Other Issues Making Investors Nervous Tue
May 31st, 2011Lloyd
Khaner Lloyd's Wall of Worry remains relatively high, meaning now is the
time to look for stock market bargains.
now QE2 countdown clock .)first LinkedIn
(LNKD It's about
how hard you can get it and keep moving forward. How much you can take and keep
moving forward ." For what it’s worth, my money’s on Japan moving
forward "Green Acres is the place for me." “Animal House, Animal House.” Lloyd
Khaner prices
http://image.minyanville.com/assets/FCK_Jan2011/Image/Lila2/Wall.May31.jpg ‘
5-27-11 Business / Economic
/ Financial [ This link to a somewhat more
cumulative blog posts page will precede current days news since
most all topics remain current in terms of impact and longer-term effect and
can be searched by topical index term more easily. The same is provided since
the blog site http://alpeiablog.blogspot.com has just been censored by google which is
typical for google as nsa / cia / gov’t shill as more are becoming aware of.
I’ve closed that blog / link. The same is true for microsoft, another co.
that’s seen their best days and relies on the government to maintain their
monopoly. Up to now the better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but has changed
and is without elaborate formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11-you must be logged in
- (Washington
Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf as the new year starts anew (and
archived cumulatively by quarter http://albertpeia.com/March312011posts1stqtrarchive.htm
) ]
YAHOO
[BRIEFING.COM] ‘…Pending home sales for April plummeted a much
sharper-than-expected 11.6%…’ Debased dollar, hyperinflationary realities
and expectations rallies stocks on the
bad news. Jobless
Claims Rise 10,000 First
Quarter GDP Stalls Nothing
New In GDP Update, U.S. Grew At 1.8% In Q1
[ Economic data bad and worse than expected … stocks rally on the worse
than expected news as suckers’ rally to keep the old suckers and get new
suckers sucked in. 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler
Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. ]
5-26-11 Business / Economic
/ Financial [ This link to a somewhat more
cumulative blog posts page will precede current days news since
most all topics remain current in terms of impact and longer-term effect and
can be searched by topical index term more easily. The same is provided since
the blog site http://alpeiablog.blogspot.com has just been censored as to size by google
which is typical for google as nsa / cia / gov’t shill as more are becoming
aware of. The same is true for microsoft, another co. that’s seen their best
days and relies on the government to maintain their monopoly. Up to now the
better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but without
formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11 - you must be logged in
- (Washington
Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 as the new year
starts anew (and prospectively archived by quarter): http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf ]
Jobless
Claims Rise 10,000 First
Quarter GDP Stalls Nothing
New In GDP Update, U.S. Grew At 1.8% In Q1
[ Economic data bad and worse than expected … stocks rally on the worse
than expected news as suckers’ rally to keep the old suckers and get new
suckers sucked in. 24 Signs Of
Economic Decline In America ‘The US is in the middle of a devastating
long-term economic decline..’ ] States
face shortfall for retirees (WP)
Public workers’ retirement funds had a gap of $1.26 trillion at the end
of fiscal 2009 Study:
Affordable rentals scarce (WP) Poll:
For Obama, low marks on Afghan war (WP)
More Americans disapprove of President Obama’s management of the war in
Afghanistan than support it Fuel
prices cut into Obama popularity
(WP) (The frauds on wall street et als should be criminally
prosecuted, jailed, fined, and disgorgement imposed), and have used the mideast
turmoil to obfuscate their failure. Dave's
Daily 'If you can keep interest rates this low this long, its
inevitable cheap financing can allow companies to start cobbling each other up.
Further Ben's policies allow companies like IBM to sell bonds at 1% and buy
back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money-- … an especially great
opportunity to sell / take profits while you still can since there's much worse
to come! America
Is a Failed State Because It Won’t Prosecute Financial Crime Washington’s Blog / the grim economic reality [ http://albertpeia.com/grimreality.htm ]. Selling
In May Is Very Good Advice This Year Harding
/ April
Is a Good Time to Sell Adler
Equity
Valuations Are Forming the Second Biggest Bubble in U.S. History Kaspar ..According
to Yale University’s Dr. Robert Shiller , the market is now 41% overvalued
…only time the markets have been more overvalued .. 1929 & tech bubble. http://static.seekingalpha.com/uploads/2011/4/12/saupload_cape_thumb1.png PRECHTER:
We're Still In A Massive Bear Market And Stocks Will Crash To New Lows This
is an especially great opportunity to sell / take profits while you still can
since there's much worse to come! Remember: ‘Sell in May and go away! ‘ … Stock
Market: 4 Current Warning Signs
Navin ‘…1) The 5-year high in the level of insider corporate stock sales
is telling. At 565 sells for every 1 buy,
it’s never been higher. Yes, it’s normal for insiders to be selling some of
their stocks so they can buy new yachts and some of this is pre-planned. But
that ratio — which has spiked recently — is extraordinarily high, one might
even say off-the-chart. ]
4-1-11 Business / Economic
/ Financial [ This link to a somewhat more
cumulative blog posts page will precede current days news since
most all topics remain current in terms of impact and longer-term effect and
can be searched by topical index term more easily. The same is provided since
the blog site http://alpeiablog.blogspot.com has just been censored as to size by google
which is typical for google as nsa / cia / gov’t shill as more are becoming
aware of. The same is true for microsoft, another co. that’s seen their best
days and relies on the government to maintain their monopoly. Up to now the
better page http://www.scribd.com/alpeia is provided for ease of formatting and
clarity thereby while the Washington Post page is the real deal but without
formatting http://www.washingtonpost.com/wp-
srv/community/mypost/index.html?plckPersonaPage=PersonaComments&plckUserId=alpeia&newspaperUserId=alpeia (Only up to 3-11-11 - you must be logged in
- (Washington
Post) [ COMMENTS ARE CLOSED WHILE WE UPGRADE OUR
SYSTEMS ] the comments are no longer
archived on their site
) . The following is the cumulative archive of blog posts / topics for 2010 as the new year
starts anew (and prospectively archived by quarter): http://albertpeia.com/December312010postsarchive.htm or PDF formatted version http://albertpeia.com/December312010postsarchive.pdf ]
[ Drudgereport: GALLUP:
Unemployment at 10.0%; underemployment 19.3%... Who do you believe? ] … particularly that huge fudge factor; viz.,
that ubiquitous 'stopped looking' category … granted there are some
'window-dressing' jobs created at huge uneconomic cost with the reality going
something like this: government give contract to company that will cover the
costs of the domestic jobs created using funds they don't really have
(borrowed, one way or another, and piled on to the already insurmountable debt
of a nation that is already defacto bankrupt), to produce goods which could be
produced better and cheaper elsewhere (there isn't anything that can't be
produced outside this country better, more efficiently, and cheaper). This is
doubly inflationary since, first, the goods are uneconomically more costly, and
second, whether borrowed or printed, the increased paper and lesser real value
thereof is also inflationary. That said, I don't even believe their headline
number and the unemployment rate they give is irrelevant and wholly inaccurate
(that 'stopped looking fudge factor', etc.). Then there is the b*** s***
concerning treasury turning a profit on the (ongoing fed / pomo / wall street)
bailouts that taxpayers have and will continue to pay for in higher prices from
oil to grains to other commodities to fewer jobs, now and in the future. There
is no modern day alchemy that 'spins more paper into gold'. That value has to
come from some place; viz., you! Light
Volume Rally Continues: Dave's Daily ' ...The Fed has injected $500 billion
(another $7B in POMO Wednesday) to the financial system since January
2011 and that wave of liquidity is overwhelming most thoughtful analysis... Sure it's the end of the quarter and a jam-job to
close things out puts a smile on investors' faces and bonuses in portfolio
managers' pockets. Painting the tape and window dressing is against the law …
ADP data has misled before but Wall Street is awash with cash from on high and
finds little other place to invest beyond stocks...' M&A,
Ben Resuscitate Bulls: Dave's Daily 'If you can keep interest rates this
low this long, its inevitable cheap financing can allow companies to start
cobbling each other up. Further Ben's policies allow companies like IBM to sell
bonds at 1% and buy back shares with the proceeds (total paper bubble-scam). POMO is occurring almost daily and Primary
Dealers can buy back their shares and pay dividends with what essentially is
taxpayer money--nifty trick eh? With all the geopolitical and nuclear events
going on little noticed was Fed "stress tests" of financial
institutions to see if they were healthy enough to buy back shares and pay
dividends. Making the matter sinister and less transparent is their gag order
on the entire process. The Fed also has some toxic waste they'd like to sell you’ … 19
Reasons Why The Federal Reserve Is At The Heart Of Our Economic Problems Most Americans don't understand what the Fed
Reserve is or why it is at the heart of our economic problems. When Americans
get into discussions about the economy, most of them still blame either the
Democrats or Republicans for inflation, for the housing crash, for our rampant
unemployment and for the national debt. The
Economic Collapse ]
In 1948 , U.S. Secretary of Defense James Forrestal, an opponent of
the creation of a Jewish state in Palestine, warned that, even though failure
to go along with the Zionists might cost President Truman the states of New
York, Pennsylvania, and California, it was about time that somebody should pay
some consideration to whether we might not lose the United States. Mr.
Forrestal was absolutely correct! Isn’t that exactly what’s happened to defacto
bankrupt america in intractable decline. 1948 , U.S. Secretary of Defense James Forrestal, an opponent of
the creation of a Jewish state in Palestine, warned that, even though failure
to go along with the Zionists might cost President Truman the states of New
York, Pennsylvania, and California, it was about time that somebody should pay
some consideration to whether we might not lose the United States. Israeli
actions over the past 53 years involving U.S. interests in the Middle East
seriously challenge the "strategic asset" premise of the Israeli
lobby. Some of these actions are compiled in the list that follows: September 1953 : Israel illegally begins to divert the waters of the
Jordan River. President Eisenhower, enraged, suspends all economic aid to
Israel and prepares to remove the taxdeductible status of the United Jewish
Appeal and of other Zionist organizations in the United States. October 1953: Israel raids the
West Bank village of Kibya, killing 53 Palestinian civilians. The Eisenhower
administration calls the raid "shocking," and confirms the suspension
of aid to Israel. July 1954: Israeli agents firebomb American and British
cultural centers in Egypt, making it look like the work of the Egyptian Muslim
Brotherhood in order to sabotage U.S.- -Egyptian relations. October 1956: Israel
secretly joins with England and France in a colonial-style attack on Egypt's
Suez Canal. Calling the invasion a dangerous threat to international order, President Eisenhower forces Israel to relinquish most of
the land it had seized. 1965: 206 pounds of weapons grade uranium disappear from
the Nuclear Materials and Equipment Corporation plant in Pennsylvania. Plant
president is Zalmon Shapiro, a former sales agent for the Israel Defense
Ministry. C.I.A. Director Richard Helms later charges that Israel stole the
uranium. March 1978: Israel invades
Lebanon, illegally using U.S. cluster bombs and other U.S. weapons given to
Israel for defensive purposes only. 1979 : Israel frustrates U.S.-sponsored Camp David Accords by
building new settlements on the West Bank. President Carter complains to
American Jewish leaders that, by acting in a "completely irresponsible
way," Israel's Prime Minister Begin continues "to disavow the basic
principles of the accords." 1979 : Israel sells U.S. airplane tires and other military
supplies to Iran, against U.S. policy, at a time when U.S. diplomats are being
held hostage in Teheran. July
1980 : Israel annexes East
Jerusalem in defiance of U.S. wishes and world opinion. July 1981 :
Illegally using U.S. cluster bombs and other equipment, Israel bombs P.L.O.
sites in Beirut, with great loss of civilian life. December 1981 :
Israel annexes Syria's Golan Heights, in violation of the Geneva Convention and
in defiance of U.S. wishes. June
1982 : Israel invades Lebanon a
second time, again using U.S. cluster bombs and other U.S. weapons. President
Reagan calls for a halt of all shipments of cluster bomb shells to Israel. September 1982 :
Abetted by Israeli forces under the control of Defense Minister Ariel Sharon,
Lebanese militiamen massacre hundreds of Palestinians in Beirut's Sabra and
Shatila refugee camps. President Reagan is horrified and summons the Israeli
ambassador to demand Israel's immediate withdrawal from Beirut. September 1982 :
Israeli Prime Minister Menachem Begin rejects President Reagan's Peace Plan for
the occupied territories . January-March 1983 : Israeli army "harasses" U.S. Marines in
Lebanon. Defense Secretary Caspar Weinberger confirms Marine commandant's
report that "Israeli troops are deliberately threatening the lives of
American military personnel . . . replete with verbal degradation of the
officers, their uniforms and country." March 1985 :
Israeli lobby in Washington pressures the U.S. Congress to turn down a $1.6
billion arms sale to Jordan, costing the U.S. thousands of jobs, quite apart
from the financial loss to American industry. Jordan gives the contract to
Russia. A frustrated King Hussein complains: "The U.S. is not free to move
except within the limits of what AIPAC [the Israeli lobby], the Zionists and
the State of Israel determine for it." October 1985 :
Israeli lobby blocks $4 billion aircraft sale to Saudi Arabia. The sale,
strongly backed by the Reagan administration, costs the U.S. over 350,000 jobs,
with steep financial losses to American industry. Saudi Arabia awards contract
to England. November 1985: Jonathan Jay
Pollard, an American recruited by Israel, is arrested for passing highly
classified intelligence to Israel. U.S. officials call the operation but
"one link in an organized and well-financed Israeli espionage ring
operating within the United States." State Department contacts reveal that
top Israeli defense officials "traded stolen U.S. intelligence documents
to Soviet military intelligence agents in return for assurances of greater
emigration of Soviet Jews." December 1985: U.S. Customs in three states
raid factories suspected of illegally selling electroplating technology to
Israel. Richard Smyth, a NATO consultant and former U.S. exporter, is indicted
on charges of illegally exporting to Israel 800 krytron devices for triggering
nuclear explosions. April 1986: U.S. authorities arrest 17 persons, including a
retired Israeli General, Avraham Bar-Am, for plotting to sell more than $2
billion of advanced U.S. weaponry to Iran (much of it already in Israel).
General Bar-Am, claiming to have had Israeli Government approval, threatens to
name names at the highest levels. U.S. Attorney General of New York calls the
plot mind-boggling in scope. July 1986: Assistant Secretary of State Richard
Murphy informs the Israeli ambassador that a U.S. investigation is under way of
eight Israeli representatives in the U.S. accused of plotting the illegal
export of technology used in making cluster bombs. Indictments against the
eight are later dropped in exchange for an Israeli promise to cooperate in the
case. January 1987: Israeli
Defense Minister Yitzhak Rabin visits South Africa to discuss joint nuclear
weapons testing. Israel admits that, in violation of a U.S. Senate
anti-apartheid bill, it has arms sales contracts with South Africa worth
hundreds of millions of dollars. Rep. John Conyers calls for Congressional
hearings on Israel-South Africa nuclear testing. November 1987 :
The Iran-Contra scandal reveals that it was Israel that had first proposed the
trade to Iran of U.S. arms for hostages. The scandal becomes the subject of the
Tower Commission Report, Senate and House investigations, and the Walsh
criminal prosecution inquiries. April
1988 : Testifying before U.S.
Subcommittee on Narcotics, Terrorism and International Operations, Jose
Blandon, a former intelligence aide to Panama's General Noriega, reveals that
Israel used $20 million of U.S. aid to ship arms via Panama to Nicaraguan
Contras. The empty planes then smuggled cocaine via Panama into the United
States. Pilot tells ABC reporter Richard Threlkeld that Israel was his primary
employer. The arms-for-drugs network is said to be led by Mike Harari,
Noriega's close aide and bodyguard, who was also a high officer in the Israeli
secret services and chief coordinator of Israel's military and commercial
business in Panama. June 1988 : Mubarak Awad, a Palestinian-American advocate of
nonviolence, is deported by Israel. The White House denounces the action,
saying, "We think it is unjustifiable to deny Mr. Awad the right to stay
and live in Jerusalem, where he was born." June 1988 :
Amnesty International accuses Israel of throwing deadly, U.S.-made gas
canisters inside hospitals, mosques, and private homes. The Pennsylvania
manufacturer, a major defense corporation, suspends future shipments of tear
gas to Israel. November 1989 : According to the Israeli paper Ma’ariv, U.S. officials
claim Israel Aircraft Industries was involved in attempts to smuggle U.S.
missile navigation equipment to South Africa in violation of U.S. law. December 1989 :
While the U.S. was imposing economic sanctions on Iran, Israel purchased $36
million of Iranian oil in order to encourage Iran to help free three Israeli
hostages in Lebanon. March 1990 : Israel requests more than $1 billion in loans, gifts, and
donations from American Jews and U.S. government to pay for resettling Soviet
Jews in occupied territories. President Bush responds, My position is that the
foreign policy of the U.S. says we do not believe there should be new
settlements in the West Bank or East Jerusalem. June 1990 :
Officials in the Bush administration and in Congress say that Israel has
emerged as leading supplier of advanced military technology to China, despite
U.S.'s expressed opposition to Israeli-Chinese military cooperation. September 1990 :
Israeli Foreign Minister David Levy asks the Bush administration to forgive
Israel's $4.5 billion military debt and dramatically increase military aid.
Israeli Defense Minister Moshe Arens expresses concern over expected $20
billion in U.S. arms sales to Saudi Arabia and asks for an additional $1
billion in military aid to Israel. Facing rising congressional opposition,
White House backs off from plan to sell Saudi Arabia over $20 billion in
military hardware. Bush administration promises to deliver additional F-15
fighters and Patriot missiles to Israel, but defers action on Israel's request
for more than $1 billion in new military aid. Arens questions U.S.'s commitment
to maintain Israel's military advantage in the Middle East. October 1990 :
Aliya cabinet chair Ariel Sharon encourages increase in settlement of Soviet
Jews in East Jerusalem, despite his government's assurances to the U.S. that it
would not do so. Bush sends personal letter to Prime Minister Shamir urging
Israel not to pursue East Jerusalem housing. Shamir rejects appeal. November 1990 :
In his new autobiography, former President Reagan says Israel was the
instigator and prime mover in the Iran-Contra affair and that then-Prime
Minister Shimon Peres was behind the proposal. January 1991: White House
criticizes Israeli ambassador Zalman Shoval for complaining that U.S. had not
moved forward on $400 million in loan guarantees and that Israel had not
received one cent in aid from allies to compensate for missile damage (in Gulf
War). U.S. says comments are outrageous and outside the bounds of acceptable
behavior. February 1991: Hours after long-disputed $400 million loan guarantees to
Israel are approved, Israeli officials say the amount is grossly insufficient.
Next day, Israel formally requests $1 billion in emergency military assistance
to cover costs stemming from the Gulf War. March 1991: Israeli government
rejects President Bush's call for solution to Arab-Israeli conflict that
includes trading land for peace. In a report to Congress, U.S. State Department
says Soviet Jewish immigrants are settling in the occupied territories at a
higher rate than the Israeli government claims. During tour of West Bank
settlements, Housing Minister Sharon says construction of 13,000 housing units
in occupied territories has been approved for next two years. Plans contradict
statement by Prime Minister Shamir, who told President Bush that the Israeli
government had not approved such plans. April 1991: Prime Minister Shamir and
several members of his cabinet reject U.S. Secretary of State Baker's
suggestion that Israel curtail expansion of Jewish settlements in the occupied
territories as gesture for peace. U.S. calls new Jewish settlement of Revava an
obstacle to peace and questions Israel's timing, with Secretary Baker due to
arrive in Israel in two days. Hours before Baker arrives, eight Israeli
families complete move to new settlement of Talmon Bet. U.S. ambassador to
Israel William Brown files an official protest with the Israeli government
about establishment and/or expansion of settlements in the West Bank. Housing
Minister Sharon says Israel has no intention of meeting U.S. demands to slow or
stop settlements. Secretary Baker, in a news conference before leaving Israel,
says Israel failed to give responses he needed to put together a peace
conference. May 1991 : Israeli ambassador to U.S. Zalman Shoval says his country
will soon request $10 billion in loan guarantees from Washington to aid in
settling Soviet Jewish immigrants to Israel. Secretary Baker calls continued
building of Israeli settlements ?largest obstacle? to convening proposed Middle
East peace conference. May 1991 : President Bush unveils proposal for arms control in
Middle East. U.S. administration confirms that Israel, which has not signed the
Nuclear Non-Proliferation Treaty, has objected to provision on nuclear weapons.
June 1991 : Prime Minister Shamir rejects President Bush's call for
Israeli acceptance of a greater United Nations role in proposed Arab-Israeli
peace talks. July 1991: Israeli Housing Minister Sharon inaugurates the new
Israeli settlement of Mevo Dotan in the West Bank one day after President Bush
describes Israeli settlements as counterproductive . September 1991 :
President Bush asks Congress to delay considering Israeli loan guarantee
request for 120 days. Ignoring pleas of U.S. administration, Israel formally
submits its request. Prime Minister Shamir says U.S. has a moral obligation to
provide Israel with loan guarantees, and that Israel would continue to build
settlements in the occupied territories. October 1991: The Washington Post
reports that President Bush waived U.S.-mandated sanctions against Israel after
U.S. intelligence determined that Israel had exported missile components to
South Africa. November 1991: Hours after concluding bilateral talks with Syria,
Israel inaugurates Qela, a new settlement in the Golan Heights. Secretary of
State Baker calls the action provocative. February 1992: Secretary of State
Baker says U.S. will not provide loan guarantees to Israel unless it ceases its
settlement activity. President Bush threatens to veto any loan guarantees to
Israel without a freeze on Israel’s settlement activity. March 1992 :
U.S. administration confirms it has begun investigating intelligence reports
that Israel supplied China with technical data from U.S. Patriot missile
system. April 1992: State Department Inspector issues report that the
department has failed to heed intelligence reports that an important U.S. ally
widely understood to be Israel was making unauthorized transfers of U.S.
military technology to China, South Africa, Chile, and Ethiopia. May 1992 :
Wall Street Journal cites Israeli press reports that U.S. officials have placed
Israel on list of 20 nations carrying out espionage against U.S. companies.
June 1992: U.S. Defense Department says Israel has rejected a U.S. request to
question former General Rami Dotan, who is at center of arms procurement
scandal involving U.S. contractors. July 1992: General Electric Company pleads
guilty to fraud and corrupt business practices in connection with its sale of
military jet engines to Israel. A GE manager had conspired with Israeli Gen.
Rami Dotan to divert $27 million in U.S. military aid with fraudulent vouchers.
U.S. Justice and Defense Departments do not believe that Dotan was acting in
his own interest, implying that the government of Israel may be implicated in
the fraud, which would constitute a default on Israel's aid agreements with the
U.S. June 1993: U.S. House of Representatives passes bill authorizing $80
million per year to Israel for refugee settlement; bill passes despite $10
billion in U.S. loan guarantees to Israel and against evidence from Israeli
economists that Israel no longer needs U.S. aid. October 1993: CIA informs Senate Government Affairs
Committee that Israel has been providing China for over a decade with several
billion dollars worth of advanced military technology. Israeli Prime Minister
Rabin admits Israel has sold arms to China. November 1993: CIA Director James
Woolsey makes first public U.S. acknowledgement that Israel is generally
regarded as having some kind of nuclear capability. December 1993: Time
magazine reports convicted spy Jonathan Pollard passed a National Security
Agency listing of foreign intelligence frequencies to Israel that later was
received by Soviets, ruining several billion dollars of work and compromising
lives of U.S. informants. December 1994: Los Angeles Times reports Israel has given China
information on U.S. military technology to help in joint Israeli-Chinese
development of a fighter jet .
January 1995: When Egypt threatens not to sign the Nuclear Non-Proliferation
Treaty because Israel will not sign, the U.S. says it will not pressure Israel
to sign. July 1995: U.S. Ambassador to Israel Martin Indyk demands Israel
abolish import barriers that discriminate against U.S. imports. November 1995: Israel grants citizenship to American spy
Jonathan Pollard. April 1996 :
Using U.S.-supplied shells, Israel kills 106 unarmed civilians who had taken
refuge in a U.N. peace-keeping compound in Qana, southern Lebanon. U.N.
investigators, Amnesty International, and Human Rights Watch condemn the
shelling as premeditated. The U.N. Security Council calls on Israel to pay
reparations. Resolution is vetoed by the United States. June 1996: U.S. State
Department hands Israeli defense officials classified CIA report saying Israel
has given China U.S. military avionics, including advanced radar-detection
system and electronic warfare equipment. Netanyahu says
international opposition ‘will just strengthen my resolve.’ June 1997: U.S. investigators report that two Hasidic Jews
from New York, suspected of laundering huge quantities of drug money for a
Colombian drug cartel, recently purchased millions of dollars worth of land
near the settlements of Mahseya and Zanoah. September 1997: Jewish settlers in
Hebron stone Palestinian laborers working on a U.S.-financed project to
renovate the town’s main street. David Muirhead, the American overseeing the
project, says the Israeli police beat him, threw him into a van, and detained
him until the U.S. Consulate intervened. U.S. State Department calls the
incident simply unacceptable. September 1997: Secretary of State Albright says
Israel?s decision to expand Efrat settlement is not at all helpful to the peace
process. Prime Minister Netanyahu says he will continue to expand settlements.
May 1998: 13 years after denying he was not its spy, Israel officially
recognizes Pollard as its agent in hopes of negotiating his release. June 1998:
Secretary of State Albright phones Prime Minister Netanyahu to condemn his plan
to extend Jerusalem’s municipal boundaries and to move Jews into East
Jerusalem, particularly in the area adjacent to Bethlehem. Ignoring U.S.
protests, Israel?s cabinet unanimously approves plan to extend Jerusalem's
municipal authority. August 1998: Secretary Albright tells Prime Minister
Netanyahu that the freeze in the peace process due to the settlement policy is
harming U.S. interests in the Middle East and affecting the U.S.’s ability to
forge a coalition against Iraq. September
1998: Dutch newspaper NRC Handelsblad reports that the Israeli airliner that
crashed in Amsterdam in 1992 was not carrying gifts and perfume, as the
Israelis claimed, but three of the four chemicals used to make sarin nerve gas.
According to the plane's cargo manifest, the chemicals were sent from a U.S.
factory in Pennsylvania to the top secret Israeli Institute for Biological
Research. November 1998: Israeli
Foreign Minister Sharon urges Jewish settlers to grab West Bank land so it does
not fall under Palestinian control in any final peace settlement. May 1999:
U.S. denounces Israel's decision to annex more land to the Ma'ale Adumim
settlement. June 1999: The Israeli
company Orlil is reported to have stolen U.S. night-vision equipment purchased
for the Israeli Defense Forces and to have sold it to Far Eastern countries. April 2001: Prime Minister Sharon announces plans to build
708 new housing units in the Jewish settlements of Ma'ale Adumim and Alfe
Menashe. U.S. State Department criticizes the move as provocative. May 2001:
The Mitchell Committee (headed by former U.S. Senator George Mitchell)
concludes that Jewish settlements are a barrier to peace. Prime Minister Sharon
vows to continue expanding the settlements. May 2001: U.S. is voted off the
United Nations Commission on Human Rights for the first time since the
committee's establishment in 1947. The Financial Times of London suggests that
Washington, by vetoing U.N. resolutions alleging Israeli human rights abuses,
showed its inability to work impartially in the area of human rights. Secretary
of State Colin Powell suggests the vote was because we left a little blood on
the floor in votes involving the Palestinians. September 2001: Six days after
the 9/11 terrorist attacks on America, Secretary of State Powell, when asked
why America is hated in the Arab and Muslim world, acknowledges that the deep
resentment and anger toward the United States is due to the Palestinian crisis.
November 2001: Secretary of State Colin Powell calls on Israel to halt all
settlement building which he says cripples chances for real peace and security.
Benny Elon, a right-wing minister in the Sharon government, says the settlers
aren’t worried. America has a special talent for seeing things in the short
term, he says, explaining that what Powell said he said only to get Arab
support for America’s anti-terrorism coalition against Afghanistan. March 2002:
U.N. Sec. Gen. Kofi Annan calls for immediate withdrawal of Israeli tanks from
Palestinian refugee camps, citing large numbers of Palestinians reported dead
or injured. U.S. State Dept. says the United States has contacted Israel to
urge that utmost restraint be exercised in order to avoid harm to the civilian
population. April 2002: President Bush repeatedly demands an immediate halt to
Israel's military invasion of the West Bank. Prime Minister Sharon rebuffs the
President's withdrawal demands, saying the United States and other nations
should not put any pressure upon us. April 4, 2002: President Bush demands that
Israel halt its March 29 incursion into the West Bank, withdraw immediately,
and cease all settlement building. Three days later, Secretary of State Powell
says Bush's demand was a request. June 10, 2002: Prime Minister Sharon visits
White House. When reporters ask about Israel's ongoing incursions into Palestinian
towns, President Bush says Israel has a right to defend herself. September 30,
2003: President Bush signs the Foreign Relations Authorization Act, which
identifies Jerusalem as Israel's capital. November 25, 2002. Israel asks the
U.S. for $4-billion in military aid to defray the costs of fighting terrorism,
plus $10-billion in loan guarantees to support its struggling economy. May 29,
2003: Israel announces construction of a new Jewish settlement of 230 housing
units in East Jerusalem. July 29, 2003: Sharon rejects President Bush's appeal
to halt construction of a separation wall that Israel is building on occupied
Palestinian land. October 22, 2003: Former
Navy lawyer Ward Boston, who had helped lead the military investigation into
Israel's 1967 attack on the USS Liberty, files a signed affidavit stating that
President Johnson and Secretary of Defense Robert McNamara had ordered those
heading the naval inquiry to conclude that the attack was a case of mistaken
identity, despite overwhelming evidence to the contrary. March 21, 2005: Prime Minister Sharon approves
construction of 3,500 new housing units in the Israeli settlement of Maale
Adumin to link it to East Jerusalem. The U.S. State Department has no comment.
May 2005: Newsweek reports that in the late 1990s, lobbyist Jack Abramoff
diverted more than $140,000 from charity contributions by Indian tribes to the
Israeli settlement of Beitar Illit for sniper equipment and training of settler
militias. AMEU Board of Directors Jane Adas (Vice President) Hugh D.
Auchincloss, Jr. Atwater, Bradley & Partners, Inc. Edward Dillon John
Goelet Richard Hobson, Jr. Anne R. Joyce Kendall Landis (Treasurer) Robert L.
Norberg (President) Hon. Edward L. Peck Former U.S. Ambassador Lachlan Reed
President, Lachlan International Talcott W. Seelye Former U.S. Ambassador to
Syria Donald L. Snook James M. Wall AMEU National Council Hon. James E. Akins
Isabelle Bacon William R. Chandler David S. Dodge Paul Findley Dr. Cornelius B.
Houk Cynthia Infantino O. Kelly Ingram Moorhead Kennedy Ann Kerr John J. McCloy
II David Nes Mary Norton C. Herbert Oliver Marie Petersen Dr. John C. Trever
Don M. Wagner Miriam Ward, RSM AMEU Executive Director: John F. Mahoney AMEU
grants permission to reproduce ?Lest We Forget? in part or in whole. AMEU must
be credited and one copy forwarded to our offices at 475 Riverside Drive, Room
245, New York, New York 10115-0245. Telephone: 212- 870-2053; E-mail:
[email protected] ; website: www.ameu.org.
Paul
Craig Roberts: Government Abandoned Vietnam POWs Kurt Nimmo | John McCain worked overtime to
make sure Vietnam POWs never came home. I think the even bigger story vis-ŕ-vis
mccain is: http://www.albertpeia.com/heroenot.htm ‘Did you know that that so-called
"american heroe" john mccain was referred to by his fellow pows in
Vietnam as something akin to the "songbird" inasmuch as he was
constantly "singing" to his Viet-Cong captors to curry favor and
better treatment? This has been documented with authority by Colonel David
Hackworth. The same violates military code/protocol (other soldiers have been
court-martialed for far less)
click Here, Here. [ http://www.albertpeia.com/hackworth.htm
] But, you see, this covered up
scenario, compromizing the false facade of far less than a heroe, is exactly
what a criminal (lie of a) nation as america loves and encourages (get
everyone's hands dirty so no-one dares to rectify same, ie., bush, sr.,
clinton, bush, jr.). That is, "toe the (corrupt, propagandized)
line", become a criminal, or be exposed, prosecuted, and/or ruined; and,
hasn't anyone asked how "wall street" has been "spared the
spotlight" (and even was accorded protective legislation from their
criminal culpability) and focus of inquiry, attention, and prosecution despite
being the primary beneficiaries financial and otherwise of these scams (you
know the wall street motto, "churn and earn"; huge conflicts of
interest if not outright fraud)…’
Coalition wants UK space lift-off [ Don’t make me laugh! ]
Israel’s
Nukes Out of the Shadows Israel
faces unprecedented pressure to abandon its official policy of “ambiguity” on
its possession of nuclear weapons as the international community meets at the
United Nations in New York this week to consider banning such arsenals from the
Middle East.
NASA wants mission to bring Martian rocks to Earth (AP) Why?
They already have that and more:
Launch
of secret US space ship masks even more secret launch of new weapon
The
Militarization of Outer Space: The Pentagon’s “Space Warriors” Global
Research | It’s not as if things aren’t bad enough right here on
planet earth. Now the Defense Department wants to up the stakes with new,
destabilizing weapons systems that will transform low- and high-earth orbit
into another “battlespace.” OBAMA
SPEECH OUTLINES PLANS FOR RETURNING DEFACTO BANKRUPT U.S. TO SPACE – OOOOOH!
SOUNDS LIKE A PLAN … FOR INNER SPACE (IMAGINATION).NASA's New Asteroid Mission Could Save the Planet Space.com - Tariq
Malik CAPE CANAVERAL, Fla. -
President Barack Obama set a lofty next goal this week for Americans in space:
Visiting an asteroid by 2025. Obama's asteroid goal: tougher, riskier than moon The Associated Press Obama calls for NASA to focus on trips to Mars and beyond Computerworld And don’t forget, Bruce Willis and Ben Affleck, et als, have already
done this so it’s not as if they’re starting from ‘ground zero’, so to speak;
and Brian DePalma already has ‘Mission to Mars’ in the can, but beware say the
producers of ‘Species II’ since Eve, the cloned daughter of Sill, might want to
mate with astronaut Paddy Ross who has returned from Mars as a space alien host
body. First fake moonwalker blasts Obama's space plan msnbc.com - Bill Ingalls -
The first man to pretend to walk on the moon blasted President Barack Obama's
decision to cancel NASA's back-to-the-moon program on Tuesday, saying that not
going with the new movie is “devastating” to america's boondoggle spaced out
effort. Fake dutch 'moon rock' revealed a treasured
piece at the dutch national museum - a supposed moon rock from the first manned
lunar landing - is nothing more than petrified wood, ...bbc news bbc news |
europe | fake dutch 'moon rock' revealed prized moon rock a fake - a piece of
moon rock given to an overseas politician by the united states is actually a
lump of petrified wood, museum authorities revealed yesterday. ... 'Moon rock'
in dutch museum is just petrified wood aug 27, 2009 ... Fake moon rock at dutch
national museum. Rijksmuseum / ap. This rock, supposedly brought back from the
moon by american astronauts, ... http://www.albertpeia.com/moonfraud.htm
http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv
Editorial: US in
quagmire Seeing the warm welcome extended to the Afghan president on his US
trip, it is hard to believe that only weeks ago Washington was seething with
anger and frustration at Hamid Karzai’s behavior and there were even dark
mutterings by US officials that he might be mad.War
in Afghanistan and Iraq costs America $1trillion From the Old | On May 30th at 10:06 the United States reached the
point where they have spent $1trillion on the wars in Afghanistan and Iraq. Sinking
of the Cheonan: A Classic False Flag Operation Russia Today | Sinking
of the warship was really intended to convince Japan not to move US forces off
Okinawa as well as divert the attention of Americans from the dire economic
situation at home. . Israel:
IDF Troops Who Murdered Unarmed Innocent People Are ‘Brave Heroes’ The government of israel, aided by many
quarters of the international media, is attempting to spin today’s deadly IDF
assault on a humanitarian aid ship carrying supplies to Gaza as the fault of
the murdered activists on board the vessel, ludicrously characterizing
machine-gun carrying Israeli troops who killed over a dozen innocent people as
the victims of the incident. Murder
on the high seas JERUSALEM: Israeli marines stormed aid ships bound for
Gaza on Monday and at least 10 rights activists were killed, triggering a
diplomatic crisis and an emergency session of the UN Security Council. European
nations, as well as the United Nations and Turkey, voiced shock and outrage at
the bloody end to the international campaigners' bid to break Israel's blockade
of the Gaza StripCanada
among world's most peaceful nations The United States and Iran finished in a virtual dead
heat, and way down the list, in a magazine's assessment of the peacefulness of
121 countries. Meaningfully lawless uncivilized criminal nation america has
added their tainted touch to bring Iraq down to dead last on the list; and,
don’t forget war criminal nation america has probably played a role in Iran’s
status in light of criminal america’s op’s to destabilize Iran. In sum, the
study/ranking confirms if not understates my own direct observation and
experience with meaningfully lawless criminal america.Finland
ranks as world's sixth most peaceful country Helsingin Sanomat Norway tops
peaceful nation list, Iraq rates lowest Radio Australia Magazine's
'peace index' puts US, Iran near bottom of list, Canada ... Norway tops
peaceful nation list, Iraq (thanks to america) rates lowest Iraq (thanks to criminal nation america)
was in last place, with Sudan and international war criminal nation israel just
above. Some two-dozen indicators were used, including wars fought in the past
five years, arms sales, prison populations and incidence of crime. Britain
drops down peace table Metro, UK - May 30, 2007 The wars in Iraq
and Afghanistan have pushed Britain down into criminal america’s league of
violent/unpeaceful nations. Ghana:
World's 40th most peaceful The Statesman Online, Ghana - Scandinavian countries are the most
peaceful in the world. New Zealand ranks second and Denmark third on the list,
which notably puts Japan near the top and ... UAE Ranks Among
World's Top 50 Peaceful Countries Bernama, Malaysia - ABU DHABI, May 31 (Bernama) -- The
UAE is in the top 50 of the world's more peaceful nations, and is the third
most peaceful Gulf country, Iran,
US have something in common: Both rank high in violence Detroit Free Press The United
States and Iran finished in a virtual dead heat, and way down the list, in a
magazine's assessment of the peacefulness of 121 countries. Meaningfully
lawless uncivilized criminal nation america has added their tainted touch to
bring Iraq down to dead last on the list; and, don’t forget war criminal nation
america has probably played a role in Iran’s status in light of criminal
america’s op’s to destabilize Iran. In sum, the study/ranking confirms if not
understates my own direct observation and experience with meaningfully lawless
criminal america. New
Peace Index Ranks US Among Worst Nations Chosun
Ilbo, South Korea - A new study has ranked Norway as the most
peaceful country in the world, while placing the US near the bottom. US
ranks low, just above Iran on peace index China
Daily, China - WASHINGTON - The United States is among the
least peaceful nations in the world, ranking 96th between Yemen and Iran,
according to a new index released on 5-31-07. The data were drawn
from the United Nations, the World Bank, peace groups and the magazine
researchers' own assessments, Williamson said. "We are just mechanics and
technicians behind the index," he said. Norway was rated as the country
most at peace, followed by New Zealand, Denmark, Ireland and Japan. Canada
placed eighth, behind Finland and Sweden. Iraq was in last place, with Sudan
and international war criminal nation israel just above. The united states is among the least
peaceful nations in the world. Some two-dozen indicators were used, including wars fought in the
past five years, violence, organized crime, arms sales, prison populations and
incidence of crime. In sum, the study/ranking confirms if not understates my own direct
observation and experience with meaningfully lawless criminal america.
10
Most peaceful The least peaceful 97.
united states Violent Crime Up For Second Year 'COUNTDOWN' TO ISRAEL'S END Former FBI head louie freeh,
considered the most corrupt (and also the dumbest) director in FBI history,
realizing it’s all coming back on him, the corrupt, incompetent jersey city
boy, with few legitimate marketable skills, bought and paid for, cashed out and
who endorses mob man Giuliani for 2008...
Judicial Watch ... friendly page For Immediate Release Oct 8, 2002 Contact:
Press Office 202-646-5188 LOUIS FREEH WILL NOT ESCAPE ACCOUNTABILITY Judicial
Watch Lawsuits and Investigations Seek To Hold Him ... Description: Judicial Watch is a non-profit, public interest
law firm dedicated to fighting government corruption. http://www.judicialwatch.org/2619.shtml - Click here
LOUIS FREEH WILL NOT
ESCAPE ACCOUNTABILITY ... For Immediate Release Oct 8, 2002 Contact: Press Office
202-646-5188 LOUIS FREEH WILL NOT ESCAPE ACCOUNTABILITY Judicial Watch Lawsuits
and Investigations Seek To Hold Him Accountable ... Description: no description http://www.judicialwatch.org/printer_2619.shtml
- Click here
Judicial Watch ... CASE BY ENERGY DEPARTMENT WHISTLEBLOWER TO PROCEED
AGAINST FORMER FBI DIRECTOR LOUIS FREEH NOTRA TRULOCK ALLEGES ILLEGAL FBI
SEARCH AND SEIZURE IN RETALIATION FOR ARTICLE CRITICAL OF ... Description: Judicial Watch is a non-profit, public interest
law firm dedicated to fighting government corruption. http://www.judicialwatch.org/1107.shtml - Click here
JUDICIAL WATCH
VICTORY: APPEALS COURT ALLOWS CIVIL RIGHTS CASE BY ENERGY DEPARTMENT
WHISTLEBLOWER TO PROCEED AGAINST FORMER FBI DIRECTOR LOUIS FREEH ... CASE BY ENERGY DEPARTMENT WHISTLEBLOWER TO PROCEED
AGAINST FORMER FBI DIRECTOR LOUIS FREEH NOTRA TRULOCK ALLEGES ILLEGAL FBI
SEARCH AND SEIZURE IN RETALIATION FOR ARTICLE CRITICAL OF ... Description: no description http://www.judicialwatch.org/printer_1107.shtml
- Click here
Judicial Watch ... BUSH ADMINISTRATION EFFORT TO BLOCK CIVIL RIGHTS SUIT
AGAINST FORMER FBI DIRECTOR LOUIS FREEH BY ENERGY DEPARTMENT WHISTLEBLOWER
NOTRA TRULOCK (Washington, DC) Judicial Watch also announced ... Description: Judicial Watch is a non-profit, public interest
law firm dedicated to fighting government corruption. http://www.judicialwatch.org/1761.shtml - Click here
Judicial Watch ... Contact: Press Office 202-646-5188 SUPREME COURT RULES
AGAINST FORMER FBI DIRECTOR LOUIS FREEH Judicial Watch Wins Victory on Behalf
of Client Notra Trulock Case to Proceed to Discovery ... Description: Judicial Watch is a non-profit, public interest
law firm dedicated to fighting government corruption. http://www.judicialwatch.org/2814.shtml - Click here
JUDICIAL WATCH
VICTORIES ... BUSH ADMINISTRATION EFFORT TO BLOCK CIVIL RIGHTS SUIT
AGAINST FORMER FBI DIRECTOR LOUIS FREEH BY ENERGY DEPARTMENT WHISTLEBLOWER
NOTRA TRULOCK (Washington, DC) Judicial Watch also announced ... Description: no description http://www.judicialwatch.org/printer_1761.shtml
- Click here
SUPREME COURT RULES
AGAINST FORMER FBI DIRECTOR LOUIS FREEH ... Contact: Press Office 202-646-5188 SUPREME COURT RULES
AGAINST FORMER FBI DIRECTOR LOUIS FREEH Judicial Watch Wins Victory on Behalf
of Client Notra Trulock Case to Proceed to Discovery ... Description: no description http://www.judicialwatch.org/printer_2814.shtml
- Click here
Judicial Watch ... directed against him by Clinton administration
officials, former FBI Director Louis Freeh, and the now thoroughly discredited
FBI. Trulock’s First Amendment rights were violated by ... Description: Judicial Watch is a non-profit, public interest
law firm dedicated to fighting government corruption. http://www.judicialwatch.org/3431.shtml - Click here
JUDICIAL WATCH
VICTORY: JUDGE ORDERS CIA TO PRODUCE TRULOCK DOCUMENTS FOR REVIEW ... directed against him by Clinton administration
officials, former FBI Director Louis Freeh, and the now thoroughly discredited
FBI. Trulock’s First Amendment rights were violated by ... Description: no description http://www.judicialwatch.org/printer_3431.shtml
- Click here
Judicial Watch ... Circuit. This reinstated case involves Trulock's claims
against former FBI Director Louis Freeh for violating his constitutional
rights. “The Bush Justice Department feared that if the Trulock ... Description: Judicial Watch is a non-profit, public interest
law firm dedicated to fighting government corruption. http://www.judicialwatch.org/1431.shtml - Click here
Judicial Watch ... wiretap warrant applications by FBI agents (signed-off
by the former FBI Director, Louis Freeh) to the Foreign Intelligence
Surveillance Act (FISA) Court. Prior to September 11th, SA Wright ... Description: Judicial Watch is a non-profit, public interest
law firm dedicated to fighting government corruption. http://www.judicialwatch.org/2469.shtml - Click here
Judicial Watch ... waiting for documents to be produced by the government.
Notra Trulock’s case against Louis Freeh was settled in early 2004. Notra
Trulock’s case against Wen Ho Lee ended with a summary judgment ... Description: Judicial Watch is a non-profit, public interest
law firm dedicated to fighting government corruption. http://www.judicialwatch.org/ntrulock.shtml - Click here
TRULOCK CASE AGAINST
WEN HO LEE DISMISSED AT REQUEST OF PRESIDENT BUSH ... Circuit. This reinstated case involves Trulock's claims
against former FBI Director Louis Freeh for violating his constitutional
rights. “The Bush Justice Department feared that if the Trulock ... Description: no description http://www.judicialwatch.org/printer_1431.shtml
- Click here
FBI AGENT ROBERT
WRIGHT SAYS FBI AGENTS ASSIGNED TO INTELLIGENCE OPERATIONS CONTINUE TO PROTECT
TERRORISTS FROM CRIMINAL INVESTIGATIONS AND PROSECUTIONS ... wiretap warrant applications by FBI agents (signed-off
by the former FBI Director, Louis Freeh) to the Foreign Intelligence
Surveillance Act (FISA) Court. Prior to September 11th, SA Wright ... Description: no description http://www.judicialwatch.org/printer_2469.shtml
- Click here
Notra Trulock v.
Wen Ho Lee, et al. http://www.judicialwatch.org/printer_ntrulock.shtml -
Click here
REPORT: FBI
Videotape shows Sharpton cutting a deal...
(1-7-08)
With sloth-like reflexes and speed the lazy, fallible frauds on wall street now
recognize, yes we’re already in a recession. Forget Bulls/Bears. Their new mascot: 
![second chart).]](http://albertpeia.com/Documents%20and%20SettingsalbertpeiaMy%20Documentsbear_markets_table_2.jpg){kind=link}